On February 13, 2026 – a date which, viewed from a sufficiently distant galactic perspective, is statistically indistinguishable from any other – Whetstone Capital Advisors, LLC filed a document with the Securities and Exchange Commission. This document, a standard form filled with the usual bureaucratic solemnity, revealed that they had, shall we say, relieved themselves of their entire stake in monday.com Ltd. (MNDY 0.55%). One imagines a small, dignified ceremony involving a strongly worded letter and a carefully audited spreadsheet.
What Actually Happened (Or, a Brief Account of Monetary Dispersal)
Whetstone, it appears, sold all 79,172 shares of monday.com during the final quarter of 2025. The estimated value? Approximately $15.33 million. Which, when you consider the sheer scale of the universe, is roughly equivalent to the cost of a particularly extravagant cheese sandwich on a planet orbiting Proxima Centauri. (The price of cheese, naturally, fluctuates wildly depending on the local gravitational anomalies.) This disposal resulted in a $15.33 million decrease in their portfolio value, factoring in both the sale and, rather predictably, the movement of the share price. It’s a classic case of numbers going up and down, which, frankly, is a bit of a shock to the system when you think about it.
A Wider View (Or, What Else They’re Up To)
- Top holdings as of the filing:
- NASDAQ: DAVE: $60.21 million (18.8% of AUM) – Presumably, they enjoy a good time.
- NYSE: NET: $57.77 million (18.0% of AUM) – A sensible allocation, if you ask me.
- NASDAQ: GOOGL: $41.29 million (12.9% of AUM) – They’re looking at things. Lots of things.
- NASDAQ: AMZN: $21.49 million (6.7% of AUM) – Boxes. They like boxes.
- NASDAQ: OPRX: $18.49 million (5.8% of AUM) – A slightly more obscure allocation. Perhaps they’re hedging against the inevitable robot uprising.
- As of February 12, 2026, monday.com shares were trading at $73.63, which represents a rather substantial decline of 76.8% over the past year. This underperformance, a staggering 89.7 percentage points below the S&P 500 Index, is… noteworthy. (One wonders if the stock is aware of its disappointing performance. It probably is. Stocks are surprisingly self-aware.)
Company Details (Just in Case You’re Curious)
| Metric | Value |
|---|---|
| Price (as of market close February 12, 2026) | $73.63 |
| Market capitalization | $3.80 billion |
| Revenue (TTM) | $1.23 billion |
| Net income (TTM) | $118.74 million |
A Snapshot of the Company (Or, What They Actually Do)
- Offers a cloud-based Work OS platform with modular applications for work management, project tracking, CRM, and software development. (Essentially, it’s a digital toolbox. A very complex digital toolbox.)
- Serves organizations of all sizes globally, including enterprises, educational institutions, government bodies, and business units. (They’re trying to organize everyone. A noble, if slightly terrifying, ambition.)
- Headquartered in Tel Aviv, Israel, with a global customer base and a focus on scalable SaaS solutions. (They’re operating from a strategically advantageous location. And they like acronyms.)
monday.com Ltd. specializes in cloud-based work management solutions, aiming to streamline workflows and enhance collaboration. They offer a scalable platform and modular products to address diverse operational needs. (It’s all about efficiency. Or at least, the illusion of efficiency.)
What This Means for Investors (Or, Why Whetstone Did What They Did)
monday.com was the largest of the 12 positions that Whetstone Capital closed out in the fourth quarter of 2025. (A significant decision, clearly. They didn’t just casually discard a few shares of a stationery company.) The fund hasn’t offered an explanation for its decision, which is perfectly understandable. Explaining investment decisions is like explaining the meaning of life – ultimately futile. However, the sale coincides with a trend away from SaaS stocks lacking a clear market position, as artificial intelligence (AI) threatens to replace their functions at a substantially lower cost. (The robots are coming. We knew this. We just didn’t expect them to be so… economical.)
Furthermore, monday.com constituted over 4% of Whetstone’s fund in Q3, meaning its price decline significantly impacted their overall portfolio. (A painful lesson in diversification. Always diversify. Unless you enjoy pain.)
Investors shouldn’t interpret this sale as a complete abandonment of technology stocks. A substantial portion of Whetstone’s portfolio remains invested in the tech industry. They even opened a position in Block in Q4. (A calculated risk. Or a desperate attempt to find something that isn’t plummeting in value.)
Undoubtedly, AI will reshape the tech industry and many other businesses. Until the full extent of these changes becomes apparent, Whetstone’s decision to sell appears prudent. (It’s always better to be safe than sorry. Especially when dealing with rapidly evolving technology and potentially sentient robots.)
Read More
- 2025 Crypto Wallets: Secure, Smart, and Surprisingly Simple!
- Brown Dust 2 Mirror Wars (PvP) Tier List – July 2025
- Wuchang Fallen Feathers Save File Location on PC
- Gold Rate Forecast
- Banks & Shadows: A 2026 Outlook
- Gemini’s Execs Vanish Like Ghosts-Crypto’s Latest Drama!
- HSR 3.7 breaks Hidden Passages, so here’s a workaround
- QuantumScape: A Speculative Venture
- 9 Video Games That Reshaped Our Moral Lens
- Here Are the Best TV Shows to Stream this Weekend on Hulu, Including ‘Fire Force’
2026-02-21 23:12