View table here if you experience formatting issues.Īs you can see these stocks had an average of 26.25 hedge funds with bullish positions and the average amount invested in these stocks was $547 million. All of these stocks' market caps are closest to WORK's market cap.
(NASDAQ: AKAM), and The Cooper Companies, Inc. (NYSE: CHWY), ORIX Corporation (NYSE: IX), Akamai Technologies, Inc. Let's now take a look at hedge fund activity in other stocks - not necessarily in the same industry as Slack Technologies Inc (NYSE:WORK) but similarly valued. The following funds were also among the new WORK investors: Bijan Modanlou, Joseph Bou-Saba, and Jayaveera Kodali's Alta Park Capital, Andrew Sandler's Sandler Capital Management, and Greg Eisner's Engineers Gate Manager. Shaw's D E Shaw also initiated a $38.1 million position during the quarter. Abdiel Capital Advisors had $162.3 million invested in the company at the end of the quarter. Abdiel Capital Advisors, managed by Colin Moran, created the largest position in Slack Technologies Inc (NYSE:WORK). Now, key hedge funds have been driving this bullishness. Light Street Capital is also relatively very bullish on the stock, designating 5.76 percent of its 13F equity portfolio to WORK. In terms of the portfolio weights assigned to each position Abdiel Capital Advisors allocated the biggest weight to Slack Technologies Inc (NYSE:WORK), around 7.59% of its 13F portfolio. 12 West Capital Management, D E Shaw, and PEAK6 Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company.
On the second spot was Light Street Capital which amassed $109.5 million worth of shares. Among these funds, Abdiel Capital Advisors held the most valuable stake in Slack Technologies Inc (NYSE:WORK), which was worth $162.3 million at the end of the third quarter.
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