business
What to Know About a $38 Million Bet on monday.com Amid a 75% Stock Drop
Key takeaways
- According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, Conifer Management reported acquiring 400,000 shares of monday.com during the first quarter.
- This was a new position for Conifer, representing 5% of its 13F reportable AUM after the trade.
- NYSE: GPI: $249.64 million (47.7% of AUM)
MNDY RMNI GPI EQH LAD On May 14, 2026, Conifer Management disclosed a new position in monday.com (NASDAQ:MNDY), acquiring 400,000 shares in the first quarter—an estimated $38.39 million trade based on quarterly average pricing.
According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, Conifer Management reported acquiring 400,000 shares of monday.com during the first quarter. The estimated transaction value was $38.39 million, based on the average closing price over the quarter. The quarter-end value of the position stood at $27.64 million, including the effects of any price fluctuation through March 31, 2026.
This was a new position for Conifer, representing 5% of its 13F reportable AUM after the trade.
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