In a delayed quarterly disclosure, activist investor Scott Ferguson's Sachem Head revealed it has sold its entire position in Sprinklr Inc. (CXM). The filing, which covers the period ending June 30, 2026, shows the firm sold all 5.75 million of its shares, a stake previously valued at approximately $34.47 million.
This mandatory 13F filing provides a snapshot of the hedge fund's portfolio as of mid-year, meaning the trades occurred at some point during the second quarter of 2026. The exit happened as Sprinklr was undergoing a business transition, which included a stock repurchase program announced in March and the appointment of a new Chief Revenue Officer in July. The company was also recognized as a leader by Gartner in March 2026.