The hedge fund sold 253,959 shares for $24.37 million as monday.com underperformed the S&P 500 by 101 percentage points over the past year.
ShawSpring Partners liquidated its entire 253,959-share position in monday.com (MNDY) on May 14, 2026, for an estimated $24.37 million. The sale follows a 73% drop in monday.com’s stock over the past year, while the S&P 500 gained 28% in the same period.
The fund’s quarter-end position value fell by $37.47 million, reflecting both the share sale and price declines. monday.com’s shares closed at $79.06 on Friday, continuing a downward trend that has seen the stock lag broader market performance.
ShawSpring’s remaining top holdings include Okta (OKTA), Amazon (AMZN), and Alibaba (BABA), with positions valued at $44.47 million, $38.84 million, and $36.42 million, respectively.