What Do Slack Technologies (WORK), Tesla and Lyft Have In Common?

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What do Slack Technologies, Tesla Inc, and Lyft Inc have in common? We are going to answer this question at the end of this article. Insider Monkey has processed 740 13F filings of hedge funds and successful investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of Slack Technologies Inc (NYSE:WORK) based on that data.

Slack Technologies Inc (NYSE:WORK) was in 37 hedge funds’ portfolios at the end of June. The total value of hedge fund holdings in the company was $818 million, corresponding to about 4.4% of Slack’s outstanding shares. Before getting into the meaning of these numbers, let us explain why we care about hedge fund sentiment in WORK.

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