William Oberndorf’s fund sold 73,705 MNDY shares for $7.07 million, exiting its position amid a 76.7% stock decline over the past year.
William Oberndorf’s fund sold its entire 73,705-share stake in monday.com (NASDAQ:MNDY) during the first quarter, generating proceeds of $7.07 million. The exit reduced the fund’s net position value by $10.88 million, reflecting both share sales and price movement.
The fund’s assets under management (AUM) shrank 32% quarter-over-quarter, with monday.com now representing 0% of its portfolio. The stock closed at $67.70 on May 13, 2026, down 76.7% year-over-year and trailing the S&P 500 by 103.16 percentage points.
Top holdings post-sale include UnitedHealth Group (UNH), Guidewire Software (GWRE), and Amazon (AMZN), with values ranging from $7.50 million to $9.62 million. The fund’s shift follows monday.com’s underperformance relative to broader market benchmarks.