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, 91 increasing their positions, 70 reducing their positions, and 42 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 70
29% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 42
4% more funds holding
Funds holding: 239 → 249 (+10)
3.4% more ownership
Funds ownership: 84.54% → 87.95% (+3.4%)
13% less capital invested
Capital invested by funds: $4.01B → $3.49B (-$526M)
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 |
Capital World Investors
Los Angeles,
California
|
-$50.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$34M |
| 3 |
WCM
WestBridge Capital Management
Trianon,
Mauritius
|
-$32.2M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$22M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$19.5M |
FRSH Hedge Fund Activity: Q1 2024 in Review
249 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Freshworks (FRSH) for Q1 2024, worth a combined $3.49B — down 13% from $4.01B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new FRSH positions and 42 closed out — a net gain of 12 holders — while 91 added to existing stakes and 70 trimmed.
The largest buyer was Alphabet Inc, adding an estimated $172M. The largest seller was Capital World Investors, exiting entirely with an estimated $50.5M sold.
- 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 13% 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 Capital World Investors, an estimated $50.5M sold.
Based on aggregated 13F filings for Q1 2024.