Freshworks
FRSH
226 hedge funds and large institutions have $3.03B invested in Freshworks in 2023 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 73 increasing their positions, 53 reducing their positions, and 18 closing their positions.
256% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 18
81% more call options, than puts
Call options by funds: $25.6M | Put options by funds: $14.1M
38% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 53
25% more capital invested
Capital invested by funds: $2.42B → $3.03B (+$609M)
23% more funds holding
Funds holding: 183 → 226 (+43)
2.55% less ownership
Funds ownership: 81.96% → 79.41% (-2.5%)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$82.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$47M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$45.2M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$42.7M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$34.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
WFM Asia
Road Town, Tortola,
British Virgin Islands
|
-$91.4M |
| 2 |
MG
Meritage Group
San Francisco,
California
|
-$54.3M |
| 3 |
SCM
Steadview Capital Management
London,
United Kingdom
|
-$45.3M |
| 4 |
Jane Street
New York
|
-$42.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$30.8M |
FRSH Hedge Fund Activity: Q3 2023 in Review
226 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Freshworks (FRSH) for Q3 2023, worth a combined $3.03B — up 25% from $2.42B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new FRSH positions and 18 closed out — a net gain of 46 holders — while 73 added to existing stakes and 53 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $82.3M. The largest seller was WFM Asia, cutting an estimated $91.4M.
- 226 institutional investors held Freshworks (FRSH) as of Q3 2023, up from 183 in Q2 2023.
- Funds reported $3.03B of Freshworks stock for Q3 2023, up 25% quarter-over-quarter.
- 64 funds opened new Freshworks positions in Q3 2023 and 18 closed out, a net change of +46 holders.
- The largest Freshworks buyer in Q3 2023 was AllianceBernstein, an estimated $82.3M added.
- The largest Freshworks seller in Q3 2023 was WFM Asia, an estimated $91.4M sold.
Based on aggregated 13F filings for Q3 2023.