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Freshworks

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.

New
Increased
Maintained
Reduced
Closed

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: 183226 (+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: 97 (-2)

Holders
226
Holders Change
+43
Holders Change %
+23.5%
% of All Funds
3.59%
Holding in Top 10
7
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-22.22%
% of All Funds
0.11%
New
64
Increased
73
Reduced
53
Closed
18
Calls
$25.6M
Puts
$14.1M
Net Calls
+$11.5M
Net Calls Change
+$7.79M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$369M +$47M +2,363,550 +15%
WCM
2
WestBridge Capital Management
Mauritius
$329M
BlackRock
3
BlackRock
New York
$245M +$6.67M +335,479 +3%
AllianceBernstein
4
AllianceBernstein
Tennessee
$178M +$82.3M +4,139,691 +86%
WA
5
WFM Asia
British Virgin Islands
$165M -$91.4M -4,600,289 -36%
CIP
6
Champlain Investment Partners
Vermont
$113M -$236K -11,874 -0.2%
AI
7
Alphabet Inc
California
$80.4M
Morgan Stanley
8
Morgan Stanley
New York
$79.5M +$22.1M +1,113,371 +39%
State Street
9
State Street
Massachusetts
$68.1M +$2.46M +123,989 +4%
SCM
10
Steadview Capital Management
United Kingdom
$67.5M -$45.3M -2,277,813 -40%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$67.1M +$1.49M +75,077 +2%
Franklin Resources
12
Franklin Resources
California
$59.4M +$440K +22,139 +0.7%
SUT
13
SC US (TTGP)
California
$57.5M
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$52.1M +$9.86M +496,327 +23%
Norges Bank
15
Norges Bank
Norway
$45.3M +$45.2M +2,275,264 New
Fidelity Investments
16
Fidelity Investments
Massachusetts
$44.3M +$19.1M +963,426 +76%
Capital World Investors
17
Capital World Investors
California
$42.8M +$42.7M +2,149,287 New
Millennium Management
18
Millennium Management
New York
$35.9M +$18.2M +916,332 +103%
ClearBridge Investments
19
ClearBridge Investments
New York
$35.9M +$6.21M +312,253 +21%
Voloridge Investment Management
20
Voloridge Investment Management
Florida
$35.2M +$31.7M +1,594,762 +916%
EAM
21
Eagle Asset Management
Florida
$35.2M -$2.11M -106,323 -6%
Lord, Abbett & Co
22
Lord, Abbett & Co
New Jersey
$34.6M +$34.6M +1,739,170 New
Renaissance Technologies
23
Renaissance Technologies
New York
$33.4M +$16.7M +838,600 +100%
Northern Trust
24
Northern Trust
Illinois
$32.6M +$1.27M +63,726 +4%
N
25
Nuveen
North Carolina
$32.2M +$11.6M +582,589 +56%

FRSH Hedge Fund Activity: Q3 2023 in Review

226 of the 6,301 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.