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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.69. Options: 14 managers hold calls ($16.8m notional), 9 hold puts ($9.0m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 150 |
| Q1 2023 | 177 |
| Q2 2023 | 184 |
| Q3 2023 | 227 |
| Q4 2023 | 240 |
| Q1 2024 | 250 |
| Q2 2024 | 237 |
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 |
| Q3 2023 | 136 | 70 |
| Q4 2023 | 123 | 103 |
| Q1 2024 | 141 | 112 |
| Q2 2024 | 134 | 120 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $25.6m | $14.1m | 0.55 |
| Q4 2023 | $19.8m | $10.4m | 0.53 |
| Q1 2024 | $19.0m | $23.0m | 1.21 |
| Q2 2024 | $16.8m | $9.0m | 0.54 |
Biggest buyers
| BlackRock Inc. | Added | +2.8m |
| WFM ASIA (BVI) Ltd | Added | +1.9m |
| VANGUARD GROUP INC | Added | +1.9m |
| SCOPIA CAPITAL MANAGEMENT LP | New | +1.5m |
| Champlain Investment Partners, LLC | Added | +1.0m |
| NORGES BANK | Added | +801.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +777.5k |
| Stanley-Laman Group, Ltd. | New | +719.7k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC | New | +691.6k |
| LAKE STREET ADVISORS GROUP, LLC | New | +686.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -6.7m |
| Ninety One UK Ltd | Reduced | -3.6m |
| LORD, ABBETT & CO. LLC | Sold out | -2.6m |
| FMR LLC | Reduced | -2.2m |
| Steadview Capital Management LLC | Sold out | -2.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.9m |
| Invesco Ltd. | Reduced | -1.6m |
| Ninety One North America, Inc. | Sold out | -1.4m |
| DEUTSCHE BANK AG\ | Reduced | -1.4m |
| WestBridge Capital Management, LLC | Reduced | -1.3m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $4.2m329.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.3m258.9k shares |
| Squarepoint Ops LLC | New | $2.5m198.7k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m114.2k shares |
| GROUP ONE TRADING LLC | Added | $1.2m96.5k shares |
| MILLENNIUM MANAGEMENT LLC | New | $761.4k60.0k shares |
| Walleye Trading LLC | Reduced | $717.0k56.5k shares |
| IMC-Chicago, LLC | Added | $545.7k43.0k shares |
| Walleye Capital LLC | Added | $511.4k40.3k shares |
| JANE STREET GROUP, LLC | Reduced | $469.5k37.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $3.6m282.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.9m151.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.2m96.7k shares |
| IMC-Chicago, LLC | Added | $605.3k47.7k shares |
| Walleye Capital LLC | Added | $590.1k46.5k shares |
| Squarepoint Ops LLC | Reduced | $543.1k42.8k shares |
| GROUP ONE TRADING LLC | Added | $404.8k31.9k shares |
| Walleye Trading LLC | Reduced | $104.1k8.2k 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 2024
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 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 |
| Q3 2023 | 0 | — | 9 | $53.9m | $53.9m |
| Q4 2023 | 0 | — | 6 | $6.2m | $6.0m |
| Q1 2024 | 0 | — | 5 | $11.0m | $11.0m |
| Q2 2024 | 0 | — | 5 | $990.7k | $990.7k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-10 | AUSTIN ROXANNE S Director | Sold plan | $320.1k25.2k shares |
| 2024-06-10 | Taylor Jennifer H Director | Sold plan | $89.6k7.0k shares |
| 2024-06-10 | Flower Johanna Director | Sold plan | $61.0k4.8k shares |
| 2024-06-03 | NELSON ZACHARY Director | Sold plan | $107.6k8.4k shares |
| 2024-05-30 | PADGETT BARRY L. Director | Sold plan | $10.5k780 shares |
| 2024-05-10 | Taylor Jennifer H Director | Sold plan | $96.6k7.0k shares |
| 2024-05-10 | Flower Johanna Director | Sold plan | $66.0k4.8k shares |
| 2024-05-06 | PADGETT BARRY L. Director | Sold plan | $11.0k780 shares |
| 2024-04-10 | Taylor Jennifer H Director | Sold plan | $127.2k7.0k shares |
| 2024-04-10 | Flower Johanna Director | Sold plan | $86.9k4.8k shares |
| 2024-04-01 | PADGETT BARRY L. Director | Sold plan | $14.2k780 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 23.1m $292.6m | Added +1.9m |
| BlackRock Inc. 0.00% of their portfolio | 16.1m $204.6m | Added +2.8m |
| Peak XV Partners Operations LLC 95.29% of their portfolio | 14.6m $185.7m | Unchanged |
| WestBridge Capital Management, LLC 100.00% of their portfolio | 13.7m $173.3m | Reduced -1.3m |
| Alphabet Inc. 7.93% of their portfolio | 12.3m $156.6m | Unchanged |
| WFM ASIA (BVI) Ltd 16.15% of their portfolio | 9.4m $119.9m | Added +1.9m |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 7.9m $100.6m | Reduced -974.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.0m $89.3m | Added +132.7k |
| Champlain Investment Partners, LLC 0.51% of their portfolio | 6.5m $82.5m | Added +1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.5m $57.5m | Added +777.5k |
| MORGAN STANLEY 0.00% of their portfolio | 4.4m $56.1m | Reduced -6.7m |
| STATE STREET CORP 0.00% of their portfolio | 4.4m $56.0m | Added +645.8k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 3.8m $47.8m | Reduced -287.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 3.3m $42.4m | Added +196.8k |
| Capital International Investors 0.01% of their portfolio | 3.3m $41.3m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 3.1m $39.8m | Added +221.9k |
| SC US (TTGP), LTD. 0.30% of their portfolio | 2.9m $36.6m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.4m $30.8m | Added +239.7k |
| NORGES BANK 0.00% of their portfolio | 2.2m $28.3m | Added +801.6k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 1.9m $24.2m | Added +370.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.6m $20.2m | Added +420.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $20.1m | Reduced -13.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.5m $19.4m | Added +211.1k |
| SCOPIA CAPITAL MANAGEMENT LP 2.84% of their portfolio | 1.5m $19.2m | New |
| FMR LLC 0.00% of their portfolio | 1.4m $18.1m | Reduced -2.2m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio | 1.3m $16.6m | First filing |
| EAGLE ASSET MANAGEMENT INC 0.08% of their portfolio | 1.2m $14.9m | Reduced -203.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.2m $14.7m | Reduced -961.2k |
| Optimus Prime Fund Management Co., Ltd. 1.58% of their portfolio | 1.1m $13.5m | Added +90.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 963.6k $12.2m | Reduced -147.5k |
| Squarepoint Ops LLC 0.04% of their portfolio | 943.3k $12.0m | Added +298.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 815.6k $10.3m | Reduced -1.4m |
| FACT Capital, LP 3.49% of their portfolio | 772.2k $9.8m | Added +5.9k |
| IEQ CAPITAL, LLC 0.13% of their portfolio | 760.8k $9.7m | Added +10.0k |
| Cubist Systematic Strategies, LLC 0.16% of their portfolio | 745.7k $9.5m | Reduced -486.2k |
| GAGNON SECURITIES LLC 2.10% of their portfolio | 735.6k $9.3m | Added +142.7k |
| GENERATION INVESTMENT MANAGEMENT LLP 0.04% of their portfolio | 730.0k $9.3m | Added +111.8k |
| Stanley-Laman Group, Ltd. 1.31% of their portfolio | 719.7k $9.1m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 694.7k $8.8m | Reduced -612.7k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 2.21% of their portfolio | 691.6k $8.8m | New |
| LAKE STREET ADVISORS GROUP, LLC 0.42% of their portfolio | 686.9k $8.7m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 642.6k $8.2m | Reduced -388.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 630.3k $8.0m | Reduced -1.9m |
| Dorsey & Whitney Trust CO LLC 0.52% of their portfolio | 589.5k $7.5m | Unchanged |
| CAPITAL FUND MANAGEMENT S.A. 0.08% of their portfolio | 580.3k $7.4m | Added +274.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 551.1k $7.0m | Reduced -444.8k |
| CenterBook Partners LP 0.41% of their portfolio | 517.3k $6.6m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 505.4k $6.4m | Added +147.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 494.1k $6.3m | Reduced -130.0k |
| CIBC Private Wealth Group LLC 0.01% of their portfolio | 465.5k $5.9m | Added +123.6k |
| SEGALL BRYANT & HAMILL, LLC 0.09% of their portfolio | 415.1k $5.3m | Added +11.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 411.6k $5.2m | Added +38.0k |
| Man Group plc 0.01% of their portfolio | 410.1k $5.2m | Reduced -56.2k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 401.0k $5.1m | Added +86.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 364.4k $4.6m | Added +259.7k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 364.0k $4.6m | Added +191.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 346.6k $4.4m | Added +171.1k |
| Swiss National Bank 0.00% of their portfolio | 343.2k $4.4m | Added +23.8k |
| Gagnon Advisors, LLC 3.29% of their portfolio | 341.0k $4.3m | Added +31.0k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.36% of their portfolio | 335.4k $4.3m | Added +312.7k |
| Holocene Advisors, LP 0.02% of their portfolio | 292.7k $3.7m | Added +157.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 281.4k $3.6m | Added +54.3k |
| PDT Partners, LLC 0.33% of their portfolio | 278.3k $3.5m | Added +48.4k |
| Numerai GP LLC 1.20% of their portfolio | 259.2k $3.3m | Added +202.5k |
| Quantbot Technologies LP 0.15% of their portfolio | 236.8k $3.0m | Reduced -13.9k |
| SP Asset Management LLC 0.27% of their portfolio | 231.5k $2.9m | Unchanged |
| Neo Ivy Capital Management 0.57% of their portfolio | 229.3k $2.9m | First filing |
| BARCLAYS PLC 0.00% of their portfolio | 223.1k $2.8m | Added +24.2k |
| DIKER MANAGEMENT LLC 2.37% of their portfolio | 220.0k $2.8m | Unchanged |
| Walleye Capital LLC 0.03% of their portfolio | 212.1k $2.7m | Added +200.5k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio | 207.9k $2.6m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 205.7k $2.6m | Added +75.3k |
| WESTERLY CAPITAL MANAGEMENT, LLC 1.38% of their portfolio | 200.0k $2.5m | New |
| Quadrature Capital Ltd 0.04% of their portfolio | 198.7k $2.5m | Added +131.3k |
| EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio | 198.5k $2.5m | Added +98.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 197.0k $2.5m | Added +26.4k |
| Renaissance Capital LLC 1.29% of their portfolio | 181.8k $2.3m | Added +76.1k |
| Legal & General Group Plc 0.00% of their portfolio | 178.8k $2.3m | Added +15.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 173.9k $2.2m | Added +162.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 172.4k $2.2m | Added +10.7k |
| Melqart Asset Management (UK) Ltd 0.20% of their portfolio | 165.0k $2.1m | Reduced -180.0k |
| Jefferies Financial Group Inc. 0.04% of their portfolio | 157.2k $2.0m | Added +6.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 147.8k $1.9m | Added +20.5k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 137.1k $1.7m | New |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 136.3k $1.7m | Reduced -219 |
| Dalton Investments, Inc. 0.98% of their portfolio | 135.2k $1.7m | Added +23.5k |
| Aigen Investment Management, LP 0.32% of their portfolio | 130.2k $1.7m | Added +22.9k |
| Old Well Partners, LLC 1.94% of their portfolio | 129.5k $1.6m | Reduced -231.9k |
| Y-Intercept (Hong Kong) Ltd 0.09% of their portfolio | 126.4k $1.6m | Added +74.7k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 120.7k $1.5m | Reduced -506.5k |
| Invesco Ltd. 0.00% of their portfolio | 120.4k $1.5m | Reduced -1.6m |
| MetLife Investment Management, LLC 0.01% of their portfolio | 118.1k $1.5m | Added +34.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 116.5k $1.5m | Added +17.3k |
| Trexquant Investment LP 0.02% of their portfolio | 113.3k $1.4m | Reduced -595.2k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 109.7k $1.4m | First filing |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 101.3k $1.3m | New |
| Amundi 0.00% of their portfolio | 96.6k $1.2m | Added +85.7k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 96.5k $1.2m | Reduced -262.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 95.8k $1.2m | Added +63.0k |
| SIMPLEX TRADING, LLC 0.04% of their portfolio | 95.3k $1.2m | Added +78.4k |