Freshworks
FRSH
249 hedge funds and large institutions have $3.49B invested in Freshworks in 2024 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 90 increasing their positions, 71 reducing their positions, and 42 closing their positions.
29% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 42
27% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 71
4% more funds holding
Funds holding: 239 → 249 (+10)
1.76% more ownership
Funds ownership: 86.19% → 87.95% (+1.8%)
15% less capital invested
Capital invested by funds: $4.09B → $3.49B (-$604M)
18% less call options, than puts
Call options by funds: $19M | Put options by funds: $23M
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Alphabet Inc
Mountain View,
California
|
+$172M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$67.4M |
| 3 |
JP Morgan Chase
New York
|
+$65M |
| 4 |
ClearBridge Investments
New York
|
+$43.4M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
+$41.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$60.5M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$50.5M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$34M |
| 4 |
WCM
WestBridge Capital Management
Trianon,
Mauritius
|
-$32.2M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$22M |
FRSH Hedge Fund Activity: Q1 2024 in Review
249 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Freshworks (FRSH) for Q1 2024, worth a combined $3.49B — down 15% from $4.09B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new FRSH positions and 42 closed out — a net gain of 12 holders — while 90 added to existing stakes and 71 trimmed.
The largest buyer was Alphabet Inc, adding an estimated $172M. The largest seller was Morgan Stanley, cutting an estimated $60.5M.
- 249 institutional investors held Freshworks (FRSH) as of Q1 2024, up from 239 in Q4 2023.
- Funds reported $3.49B of Freshworks stock for Q1 2024, down 15% quarter-over-quarter.
- 54 funds opened new Freshworks positions in Q1 2024 and 42 closed out, a net change of +12 holders.
- The largest Freshworks buyer in Q1 2024 was Alphabet Inc, an estimated $172M added.
- The largest Freshworks seller in Q1 2024 was Morgan Stanley, an estimated $60.5M sold.
Based on aggregated 13F filings for Q1 2024.