GitLab
GTLB
238 hedge funds and large institutions have $2.64B invested in GitLab in 2023 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 104 increasing their positions, 42 reducing their positions, and 55 closing their positions.
148% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 42
24% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 55
5% more funds holding
Funds holding: 226 → 238 (+12)
6% less funds holding in top 10
Funds holding in top 10: 17 → 16 (-1)
7.93% less ownership
Funds ownership: 92.12% → 84.19% (-7.9%)
17% less call options, than puts
Call options by funds: $112M | Put options by funds: $135M
50% less capital invested
Capital invested by funds: $5.31B → $2.64B (-$2.67B)
Top Buyers
| 1 |
HCM
HMI Capital Management
San Francisco,
California
|
+$124M |
| 2 |
Morgan Stanley
New York
|
+$67.8M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$47M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$43.3M |
| 5 |
SM
SCGE Management
Menlo Park,
California
|
+$38.3M |
Top Sellers
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$180M |
| 2 |
IC
Iconiq Capital
San Francisco,
California
|
-$154M |
| 3 |
VS
VK Services
Menlo Park,
California
|
-$90.1M |
| 4 |
Coatue Management
New York
|
-$73.2M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$68M |
GTLB Hedge Fund Activity: Q1 2023 in Review
238 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in GitLab (GTLB) for Q1 2023, worth a combined $2.64B — down 50% from $5.31B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new GTLB positions and 55 closed out — a net gain of 13 holders — while 104 added to existing stakes and 42 trimmed.
The largest buyer was HMI Capital Management, adding an estimated $124M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $180M sold.
- 238 institutional investors held GitLab (GTLB) as of Q1 2023, up from 226 in Q4 2022.
- Funds reported $2.64B of GitLab stock for Q1 2023, down 50% quarter-over-quarter.
- 68 funds opened new GitLab positions in Q1 2023 and 55 closed out, a net change of +13 holders.
- The largest GitLab buyer in Q1 2023 was HMI Capital Management, an estimated $124M added.
- The largest GitLab seller in Q1 2023 was 1832 Asset Management, an estimated $180M sold.
Based on aggregated 13F filings for Q1 2023.