market folly

Eashwar Krishnan's hedge fund firm Tybourne Capital has filed a 13G with the SEC regarding its stake in Workday (WDAY).  Per the filing, Tybourne now owns 2.5% of the company with over 2.95 million shares.

This is an increase from the 1.23 million shares Tybourne reported owning at the end of 2015.  The filing was made due to activity on March 31st and was made voluntarily even though they're not past the 5% ownership threshold usually required for reporting.

Prior to founding Tybourne, Krishnan worked at Lone Pine Capital.

Per Google Finance, Workday is "a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for a range of companies, educational institutions and government agencies. The Company's applications include Workday Financial Management, Workday Human Capital Management (Workday HCM) and Workday Insight Applications. Workday Financial Management is a unified application built on a single, global core with a range of financial capabilities, relevant analytics and metrics, and an auditable process management built to help manage financial processes for global organizations. Workday HCM enables an organization to staff, pay, organize, and develop its global workforce. Workday Insight Applications is a suite of applications that leverage advanced data science and machine learning methodologies to help customers make financial and workforce decisions."