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Freshworks

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.

New
Increased
Maintained
Reduced
Closed

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: 239249 (+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: 118 (-3)

Holders
249
Holders Change
+10
Holders Change %
+4.18%
% of All Funds
3.59%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.12%
New
54
Increased
90
Reduced
71
Closed
42
Calls
$19M
Puts
$23M
Net Calls
-$4.06M
Net Calls Change
-$13.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$386M +$28M +1,354,530 +7%
WCM
2
WestBridge Capital Management
Mauritius
$272M -$32.2M -1,557,879 -9%
PXPO
3
Peak XV Partners Operations
Mauritius
$266M
BlackRock
4
BlackRock
New York
$242M -$3.2M -154,423 -1%
AI
5
Alphabet Inc
California
$225M +$172M +8,301,048 +206%
AllianceBernstein
6
AllianceBernstein
Tennessee
$162M +$5.95M +287,666 +3%
WA
7
WFM Asia
British Virgin Islands
$137M -$15M -725,000 -9%
CIP
8
Champlain Investment Partners
Vermont
$99.5M -$11M -530,485 -9%
ClearBridge Investments
9
ClearBridge Investments
New York
$73.8M +$43.4M +2,097,280 +107%
State Street
10
State Street
Massachusetts
$68.6M +$2.65M +127,980 +4%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$68.3M +$2.75M +132,866 +4%
Morgan Stanley
12
Morgan Stanley
New York
$67.7M -$60.5M -2,925,478 -44%
Fidelity Investments
13
Fidelity Investments
Massachusetts
$65.8M +$10.3M +499,274 +16%
Ninety One (UK)
14
Ninety One (UK)
United Kingdom
$65M +$41.9M +2,024,584 +131%
JP Morgan Chase
15
JP Morgan Chase
New York
$62.8M +$65M +3,139,428 +1,008%
Capital International Investors
16
Capital International Investors
California
$59.3M +$67.4M +3,257,074 New
Franklin Resources
17
Franklin Resources
California
$57.2M -$659K -31,829 -1%
Renaissance Technologies
18
Renaissance Technologies
New York
$53M +$26.9M +1,298,900 +80%
SUT
19
SC US (TTGP)
California
$52.5M
Millennium Management
20
Millennium Management
New York
$46.8M +$25.6M +1,236,586 +93%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$39.9M +$9.48M +457,964 +26%
Deutsche Bank
22
Deutsche Bank
Germany
$39.5M +$8M +386,741 +22%
SCM
23
Steadview Capital Management
United Kingdom
$38.9M -$19M -920,000 -30%
N
24
Nuveen
North Carolina
$38.6M +$14M +674,263 +47%
Invesco
25
Invesco
Georgia
$32.2M +$14.8M +712,897 +68%

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.