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Okta
OKTA

616 hedge funds and large institutions have $8.81B invested in Okta in 2023 Q2 according to their latest regulatory filings, with 83 funds opening new positions, 204 increasing their positions, 209 reducing their positions, and 100 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more call options, than puts

Call options by funds: $379M | Put options by funds: $270M

0.32% more ownership

Funds ownership: 81.79% → 82.1% (+0.32%)

2% less repeat investments, than reductions

Existing positions increased: 204 | Existing positions reduced: 209

3% less funds holding

Funds holding: 635 → 616 (-19)

17% less first-time investments, than exits

New positions opened: 83 | Existing positions closed: 100

19% less capital invested

Capital invested by funds: $10.8B → $8.81B (-$2.01B)

35% less funds holding in top 10

Funds holding in top 10: 26 → 17 (-9)

Holders
616
Holders Change
-19
Holders Change %
-2.99%
% of All Funds
9.67%
Holding in Top 10
17
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-34.62%
% of All Funds
0.27%
New
83
Increased
204
Reduced
209
Closed
100
Calls
$379M
Puts
$270M
Net Calls
+$108M
Net Calls Change
-$37.2M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$299M
2
CIP
Champlain Investment Partners
Vermont
+$93M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$92.5M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$65.5M
5
WRCM
Whale Rock Capital Management
Massachusetts
+$57.8M

Top Sellers

1
SEP
Soma Equity Partners
California
-$121M
2
Holocene Advisors
Holocene Advisors
New York
-$110M
3
JCAM
Jericho Capital Asset Management
New York
-$80.5M
4
BlackRock
BlackRock
New York
-$63.8M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$61.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
JSP
26
Jackson Square Partners
California
$68.6M -$6.75M -88,829 -8%
Neuberger Berman Group
27
Neuberger Berman Group
New York
$65.7M +$24.5M +322,977 +52%
Northern Trust
28
Northern Trust
Illinois
$63.6M -$4.8M -63,249 -6%
Jacobs Levy Equity Management
29
Jacobs Levy Equity Management
New Jersey
$60.5M +$65.5M +862,171 +8,547%
Goldman Sachs
30
Goldman Sachs
New York
$59M -$30.7M -404,788 -32%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$57.2M -$1.28M -16,804 -2%
CS
32
Credit Suisse
Switzerland
$57M +$5.47M +71,970 +10%
PAMS
33
Pictet Asset Management (Switzerland)
Switzerland
$51.5M +$7.24M +95,323 +15%
SM
34
SCGE Management
California
$49.8M -$13.3M -175,460 -20%
Balyasny Asset Management
35
Balyasny Asset Management
Illinois
$49.6M +$24.4M +321,681 +82%
Voloridge Investment Management
36
Voloridge Investment Management
Florida
$48.8M -$13.8M -181,183 -20%
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$48.5M +$26.5M +349,336 +100%
Primecap Management
38
Primecap Management
California
$43M +$3.25M +42,800 +7%
Man Group
39
Man Group
United Kingdom
$42.7M +$46.7M +615,588 New
Westfield Capital Management
40
Westfield Capital Management
Massachusetts
$42.3M -$9.71M -127,903 -17%
Renaissance Technologies
41
Renaissance Technologies
New York
$41.6M +$16M +211,200 +54%
Squarepoint
42
Squarepoint
New York
$39.7M +$43.5M +572,254 New
SAM
43
Storebrand Asset Management
Norway
$39.3M +$7.68M +101,180 +22%
Swiss National Bank
44
Swiss National Bank
Switzerland
$38.6M -$3.42M -45,000 -7%
Mirae Asset Global Investments
45
Mirae Asset Global Investments
South Korea
$38.1M -$18M -237,009 -30%
Charles Schwab
46
Charles Schwab
California
$36.2M +$1.04M +13,748 +3%
Federated Hermes
47
Federated Hermes
Pennsylvania
$35.1M -$16.5M -217,264 -30%
Capital World Investors
48
Capital World Investors
California
$34.7M – – –
Dimensional Fund Advisors
49
Dimensional Fund Advisors
Texas
$34.6M +$5.82M +76,669 +18%
OPFM
50
Optimus Prime Fund Management
Cayman Islands
$33.3M +$36.5M +480,000 New
1
2
3 4 5

OKTA Hedge Fund Activity: Q2 2023 in Review

616 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Okta (OKTA) for Q2 2023, worth a combined $8.81B — down 19% from $10.8B a quarter earlier.

Sellers outnumbered buyers: 100 funds closed out of OKTA and 83 opened new positions — a net loss of 17 holders — while 209 trimmed existing stakes and 204 added.

The largest buyer was Fidelity Investments, adding an estimated $299M. The largest seller was Soma Equity Partners, exiting entirely with an estimated $121M sold.

  • 616 institutional investors held Okta (OKTA) as of Q2 2023, down from 635 in Q1 2023.
  • Funds reported $8.81B of Okta stock for Q2 2023, down 19% quarter-over-quarter.
  • 83 funds opened new Okta positions in Q2 2023 and 100 closed out, a net change of -17 holders.
  • The largest Okta buyer in Q2 2023 was Fidelity Investments, an estimated $299M added.
  • The largest Okta seller in Q2 2023 was Soma Equity Partners, an estimated $121M sold.

Based on aggregated 13F filings for Q2 2023.