FRESHWORKS INC FRSH
CLASS A COM · Common Stock · CUSIP 358054104 · ISIN US3580541049
Customer service software company
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersSan Mateo, CA
- Websitefreshworks.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($918.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.58. Options: 10 managers hold calls ($9.7m notional), 7 hold puts ($6.0m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 150 |
| Q1 2023 | 177 |
| Q2 2023 | 184 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 69 | 67 |
| Q1 2023 | 111 | 63 |
| Q2 2023 | 112 | 71 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $21.1m | $12.3m | 0.58 |
| Q4 2022 | $8.2m | $3.2m | 0.40 |
| Q1 2023 | $9.5m | $4.1m | 0.43 |
| Q2 2023 | $9.7m | $6.0m | 0.62 |
Biggest buyers
| BlackRock Inc. | Added | +8.1m |
| STATE STREET CORP | Added | +2.3m |
| JANE STREET GROUP, LLC | Added | +2.1m |
| CITADEL ADVISORS LLC | Added | +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.6m |
| VANGUARD GROUP INC | Added | +1.3m |
| FMR LLC | Added | +1.3m |
| ALLIANCEBERNSTEIN L.P. | Added | +1.2m |
| NORTHERN TRUST CORP | Added | +1.2m |
| Nuveen Asset Management, LLC | New | +1.0m |
Biggest sellers
| Polar Capital Holdings Plc | Sold out | -2.4m |
| TIGER GLOBAL MANAGEMENT LLC | Reduced | -1.5m |
| SOROS FUND MANAGEMENT LLC | Sold out | -1.4m |
| SCOPIA CAPITAL MANAGEMENT LP | Reduced | -880.3k |
| Old Well Partners, LLC | Reduced | -617.9k |
| Hound Partners, LLC | Reduced | -617.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -606.5k |
| MARSHALL WACE, LLP | Reduced | -468.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -326.5k |
| Champlain Investment Partners, LLC | Reduced | -255.6k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $3.9m224.0k shares |
| WOLVERINE TRADING, LLC | Added | $1.2m65.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $945.8k53.8k shares |
| Walleye Trading LLC | Added | $905.4k51.5k shares |
| GROUP ONE TRADING LLC | Added | $879.0k50.0k shares |
| JANE STREET GROUP, LLC | Reduced | $801.6k45.6k shares |
| SIMPLEX TRADING, LLC | Added | $653.0k37.2k shares |
| Caption Management, LLC | Unchanged | $351.6k20.0k shares |
| Walleye Capital LLC | Reduced | $68.6k3.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.2m182.1k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m68.0k shares |
| GROUP ONE TRADING LLC | Added | $952.8k54.2k shares |
| SIMPLEX TRADING, LLC | Added | $286.0k16.3k shares |
| Walleye Capital LLC | Added | $228.5k13.0k shares |
| Walleye Trading LLC | Added | $154.7k8.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Accel Leaders Fund L.P. 13G · exempt (held before listing) -2.1 pts · filed 2025-05-13 | 7.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 8 | $78.0m | — |
| Q1 2022 | 0 | — | 4 | $4.4m | — |
| Q2 2022 | 0 | — | 6 | $3.9m | — |
| Q3 2022 | 1 | $26.8m | 4 | $2.4m | — |
| Q4 2022 | 1 | $23.1m | 5 | $1.8m | — |
| Q1 2023 | 0 | — | 6 | $32.3m | $424.5k |
| Q2 2023 | 0 | — | 5 | $1.5m | $1.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-30 | PADGETT BARRY L. Director | Sold plan | $115.3k6.6k shares |
| 2023-06-12 | Flower Johanna Director | Sold plan | $75.1k4.7k shares |
| 2023-06-12 | Taylor Jennifer H Director | Sold plan | $74.9k4.7k shares |
| 2023-06-09 | AUSTIN ROXANNE S Director | Sold plan | $397.3k25.2k shares |
| 2023-06-02 | NELSON ZACHARY Director | Sold plan | $130.7k8.4k shares |
| 2023-06-01 | PADGETT BARRY L. Director | Sold plan | $101.3k6.6k shares |
| 2023-05-10 | Flower Johanna Director | Sold plan | $64.6k4.7k shares |
| 2023-05-10 | Taylor Jennifer H Director | Sold plan | $61.6k4.5k shares |
| 2023-05-05 | PADGETT BARRY L. Director | Sold plan | $85.7k6.6k shares |
| 2023-05-04 | NELSON ZACHARY Director | Sold plan | $105.9k8.4k shares |
| 2023-04-10 | Flower Johanna Director | Sold plan | $68.9k4.7k shares |
| 2023-04-10 | Taylor Jennifer H Director | Sold plan | $65.7k4.5k shares |
| 2023-04-03 | NELSON ZACHARY Director | Sold plan | $127.3k8.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| WestBridge Capital Management, LLC 38.61% of their portfolio | 16.5m $290.3m | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 16.2m $284.2m | Added +1.3m |
| WFM ASIA (BVI) Ltd 24.47% of their portfolio | 12.9m $226.3m | Unchanged |
| BlackRock Inc. 0.01% of their portfolio | 12.0m $210.7m | Added +8.1m |
| Champlain Investment Partners, LLC 0.61% of their portfolio | 5.7m $99.7m | Reduced -255.6k |
| Steadview Capital Management LLC 24.55% of their portfolio | 5.7m $99.6m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 4.8m $84.3m | Added +1.2m |
| Alphabet Inc. 3.81% of their portfolio | 4.0m $70.9m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 3.3m $57.9m | Added +2.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.3m $57.9m | Added +1.6m |
| Meritage Group LP 1.51% of their portfolio | 3.1m $54.3m | Added +40.8k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 3.0m $52.0m | Added +4.5k |
| SC US (TTGP), LTD. 0.48% of their portfolio | 2.9m $50.7m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 2.9m $50.6m | Added +538.0k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 2.2m $37.9m | Added +2.1m |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 2.1m $37.6m | Added +2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.1m $37.2m | Added +608.6k |
| EAGLE ASSET MANAGEMENT INC 0.18% of their portfolio | 1.9m $32.9m | Reduced -11.5k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 1.6m $28.8m | Added +297.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $27.7m | Added +1.2m |
| Clearbridge Investments, LLC 0.02% of their portfolio | 1.5m $26.2m | Added +25.9k |
| SCOPIA CAPITAL MANAGEMENT LP 2.71% of their portfolio | 1.5m $25.7m | Reduced -880.3k |
| FMR LLC 0.00% of their portfolio | 1.3m $22.1m | Added +1.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $21.8m | Added +413.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.1m $20.2m | Added +481.8k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.0m $18.2m | New |
| Dorsey & Whitney Trust CO LLC 1.45% of their portfolio | 1.0m $17.6m | Reduced -52.7k |
| TIGER GLOBAL MANAGEMENT LLC 0.13% of their portfolio | 908.2k $16.0m | Reduced -1.5m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 888.3k $15.6m | Reduced -326.5k |
| GENERATION INVESTMENT MANAGEMENT LLP 0.08% of their portfolio | 881.6k $15.5m | Added +6.0k |
| Optimus Prime Fund Management Co., Ltd. 2.13% of their portfolio | 870.0k $15.3m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 837.1k $14.7m | Added +361.8k |
| CIBC Private Wealth Group LLC 0.02% of their portfolio | 826.3k $14.5m | Reduced -13.8k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 797.2k $14.0m | Added +220.8k |
| BLOOM TREE PARTNERS, LLC 5.60% of their portfolio | 684.4k $12.0m | Added +309.0k |
| FACT Capital, LP 5.47% of their portfolio | 667.8k $11.7m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 629.9k $11.1m | Added +209.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 603.6k $10.6m | Added +263.6k |
| GAGNON SECURITIES LLC 1.99% of their portfolio | 543.6k $9.6m | Added +5.5k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 492.7k $8.7m | Added +357.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 488.7k $8.6m | Added +365.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 449.6k $7.9m | Reduced -606.5k |
| Trexquant Investment LP 0.18% of their portfolio | 392.2k $6.9m | Added +256.7k |
| IEQ CAPITAL, LLC 0.14% of their portfolio | 381.5k $6.7m | Added +68.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 375.0k $6.6m | New |
| Hound Partners, LLC 1.44% of their portfolio | 360.1k $6.3m | Reduced -617.0k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 347.5k $6.1m | Added +278.1k |
| SP Asset Management LLC 0.66% of their portfolio | 337.0k $5.9m | Reduced -80.0k |
| Old Well Partners, LLC 5.14% of their portfolio | 323.9k $5.7m | Reduced -617.9k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 315.4k $5.5m | Reduced -468.0k |
| Swiss National Bank 0.00% of their portfolio | 307.3k $5.4m | Reduced -5.7k |
| TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio | 292.3k $5.1m | Reduced -9.1k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.40% of their portfolio | 270.6k $4.8m | Reduced -162.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 260.9k $4.6m | Reduced -233.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 238.3k $4.2m | Reduced -58.4k |
| Gagnon Advisors, LLC 2.78% of their portfolio | 236.5k $4.2m | Unchanged |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 220.7k $3.9m | Added +185.2k |
| CenterBook Partners LP 0.48% of their portfolio | 217.1k $3.8m | Reduced -202.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 214.6k $3.8m | Added +201.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 212.7k $3.7m | New |
| Graham Capital Management, L.P. 0.11% of their portfolio | 187.7k $3.3m | Added +93.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 178.1k $3.1m | Added +50.8k |
| Trikon Asset Management Ltd 13.95% of their portfolio | 176.0k $3.1m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 174.1k $3.1m | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 167.4k $2.9m | Added +33.4k |
| Jump Financial, LLC 0.11% of their portfolio | 166.7k $2.9m | Added +145.5k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.28% of their portfolio | 152.6k $2.7m | Added +135.0k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 151.6k $2.7m | Unchanged |
| DIKER MANAGEMENT LLC 2.21% of their portfolio | 150.0k $2.6m | Added +90.0k |
| SCGE MANAGEMENT, L.P. 0.06% of their portfolio | 150.0k $2.6m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 147.9k $2.6m | Reduced -92.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 146.9k $2.3m | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 145.5k $2.6m | Added +10.3k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.26% of their portfolio | 145.0k $2.5m | Added +136.1k |
| Legal & General Group Plc 0.00% of their portfolio | 137.1k $2.4m | Added +41.6k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 133.6k $2.3m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 130.1k $2.3m | Added +73.3k |
| Invesco Ltd. 0.00% of their portfolio | 128.2k $2.3m | Added +91.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio | 123.9k $2.2m | Unchanged |
| Holocene Advisors, LP 0.01% of their portfolio | 121.6k $2.1m | Added +89.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio | 120.4k $2.1m | Reduced -34.3k |
| Dalton Investments, Inc. 1.66% of their portfolio | 111.7k $2.0m | Unchanged |
| ALGERT GLOBAL LLC 0.08% of their portfolio | 106.7k $1.9m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 103.4k $1.8m | Added +28.8k |
| UBS Group AG 0.00% of their portfolio | 96.3k $1.7m | Added +90.8k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 85.8k $1.5m | New |
| Crestone Asset Management LLC 0.32% of their portfolio | 82.7k $1.5m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 82.0k $1.4m | Added +61.3k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 78.0k $1.4m | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 74.0k $1.3m | Reduced -155 |
| Penserra Capital Management LLC 0.02% of their portfolio | 71.6k $1.3m | New |
| Bayesian Capital Management, LP 0.12% of their portfolio | 66.0k $1.2m | Added +23.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 65.3k $1.1m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 63.9k $1.1m | New |
| BARCLAYS PLC 0.00% of their portfolio | 63.8k $1.1m | Added +57.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 63.2k $1.1m | New |
| Renaissance Capital LLC 0.63% of their portfolio | 63.2k $1.1m | Added +30.6k |
| STRS OHIO 0.00% of their portfolio | 63.0k $1.1m | New |
| Quadrature Capital Ltd 0.02% of their portfolio | 62.5k $1.1m | New |
| HERALD INVESTMENT MANAGEMENT Ltd 0.21% of their portfolio | 61.0k $1.1m | Unchanged |