Indaba Capital Management’s Benefitfocus, Inc. BNFT Stock Holding History

Indaba Capital Management’s Portfolio BNFT Stock Details BNFT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q1	–	Sell	-3,963,694	Closed	-$41.5M	–	31
2022 Q4	$41.5M	Hold	3,963,694	–	–	8.02%	2
2022 Q3	$25.2M	Hold	3,963,694	–	–	3.87%	12
2022 Q2	$30.8M	Hold	3,963,694	–	–	4.06%	12
2022 Q1	$50M	Buy	3,963,694 +656,613	+20%	+$7.01M	5.66%	6
2021 Q4	$35.3M	Hold	3,307,081	–	–	3.78%	12
2021 Q3	$36.7M	Hold	3,307,081	–	–	3.89%	10
2021 Q2	$46.6M	Buy	3,307,081 +209,281	+7%	+$2.95M	5.04%	6
2021 Q1	$42.8M	Buy	3,097,800 +343,306	+12%	+$4.94M	5.38%	3
2020 Q4	$39.9M	Buy	2,754,494 +1,141,409	+71%	+$13.9M	7.04%	4
2020 Q3	$18.1M	Buy	+1,613,085	New	+$17.7M	5.74%	8

Other funds holding BNFT

FCA

FinTrust Capital Advisors Greenville, South Carolina $591M AUM 26.89% 1-Year Est. Return

Indaba Capital Management's BNFT Position: Q1 2023 in Review

Indaba Capital Management sold out of Benefitfocus, Inc. (BNFT) in Q1 2023, closing a stake of 3,963,694 shares — an estimated $41.5M sold.

Indaba Capital Management first reported a position in BNFT in Q3 2020 and held it in 10 quarters. The position peaked at $50M in Q1 2022. 1 fund tracked by Wall St. Rank holds BNFT as of Q1 2023.

Indaba Capital Management reported no remaining Benefitfocus, Inc. position as of Q1 2023 after selling out during the quarter.
Indaba Capital Management sold 3,963,694 Benefitfocus, Inc. shares in Q1 2023, an estimated $41.5M.
Indaba Capital Management first reported a position in Benefitfocus, Inc. in Q3 2020 and held it in 10 quarters.
Indaba Capital Management's Benefitfocus, Inc. position peaked at $50M in Q1 2022.
1 fund tracked by Wall St. Rank held Benefitfocus, Inc. as of Q1 2023.

Based on Indaba Capital Management's 13F filing for Q1 2023, filed 15 May 2023.