Hedge fund exits monday.com position after year-long selloff, reducing AUM exposure from 2.4% to zero in Q1 2026.
Strategy Capital LLC sold its entire 222,388-share stake in monday.com (NASDAQ:MNDY) during the first quarter, valued at $21.34 million based on average pricing. The transaction eliminated a position that previously accounted for 2.4% of the fund’s assets under management, with no shares remaining post-trade.
The fund’s net position value in monday.com decreased by $32.82 million, reflecting both the share sale and stock price movements. Prior to the exit, monday.com was one of 12 disclosed holdings, now reduced to 11. Strategy Capital’s top holdings include Cloudflare (NET) at $234.94 million and Shopify (SHOP) at $195.72 million.
The sale represents 1.74% of the fund’s 13F-reportable assets, signaling a shift in portfolio strategy amid broader market conditions.