Freshworks
FRSH
235 hedge funds and large institutions have $2.34B invested in Freshworks in 2024 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 99 increasing their positions, 68 reducing their positions, and 52 closing their positions.
87% more call options, than puts
Call options by funds: $16.8M | Put options by funds: $8.98M
46% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 68
4% less ownership
Funds ownership: 87.95% → 83.94% (-4%)
6% less funds holding
Funds holding: 249 → 235 (-14)
25% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 52
33% less capital invested
Capital invested by funds: $3.49B → $2.34B (-$1.15B)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$42.4M |
| 2 |
WA
WFM Asia
Road Town, Tortola,
British Virgin Islands
|
+$28.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.2M |
| 4 |
SCM
Scopia Capital Management
New York
|
+$22.6M |
| 5 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$15.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$53.1M |
| 2 |
SCM
Steadview Capital Management
London,
United Kingdom
|
-$38.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$32.7M |
| 4 |
Millennium Management
New York
|
-$29.1M |
| 5 |
NONA
Ninety One North America
New York
|
-$24.8M |
FRSH Hedge Fund Activity: Q2 2024 in Review
235 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Freshworks (FRSH) for Q2 2024, worth a combined $2.34B — down 33% from $3.49B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of FRSH and 39 opened new positions — a net loss of 13 holders — while 68 trimmed existing stakes and 99 added.
The largest buyer was BlackRock, adding an estimated $42.4M. The largest seller was Ninety One (UK), cutting an estimated $53.1M.
- 235 institutional investors held Freshworks (FRSH) as of Q2 2024, down from 249 in Q1 2024.
- Funds reported $2.34B of Freshworks stock for Q2 2024, down 33% quarter-over-quarter.
- 39 funds opened new Freshworks positions in Q2 2024 and 52 closed out, a net change of -13 holders.
- The largest Freshworks buyer in Q2 2024 was BlackRock, an estimated $42.4M added.
- The largest Freshworks seller in Q2 2024 was Ninety One (UK), an estimated $53.1M sold.
Based on aggregated 13F filings for Q2 2024.