Conifer Management disclosed a new 400,000-share position in monday.com, valued at $38.39 million, amid a 75% stock decline over the past year.
Conifer Management acquired 400,000 shares of monday.com (MNDY) in the first quarter, valued at $38.39 million based on average pricing. The position’s quarter-end value stood at $27.64 million as of March 31, 2026, reflecting a 75% stock decline over the past year.
The stake represents 5% of Conifer’s 13F reportable assets under management (AUM). Other top holdings include Group 1 Automotive ($249.64 million), Equitable Holdings ($155.86 million), and Lithia Motors ($52.94 million). monday.com’s shares closed at $78.14 on Friday, underperforming the S&P 500, which rose about 25% over the same period.
The filing marks Conifer’s first reported position in monday.com, signaling a contrarian bet amid broader market weakness in the stock.