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Butterfly Network
BFLY

186 hedge funds and large institutions have $96.6M invested in Butterfly Network in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 52 increasing their positions, 42 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more call options, than puts

Call options by funds: $1.28M | Put options by funds: $796K

24% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 42

9% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 23

1% more funds holding

Funds holding: 185 → 186 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3.26% less ownership

Funds ownership: 48.68% → 45.42% (-3.3%)

51% less capital invested

Capital invested by funds: $199M → $96.6M (-$102M)

Holders
186
Holders Change
+1
Holders Change %
+0.54%
% of All Funds
2.95%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
52
Reduced
42
Closed
23
Calls
$1.28M
Puts
$796K
Net Calls
+$480K
Net Calls Change
-$457K

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$3.38M
2
GCP
GSA Capital Partners
United Kingdom
+$981K
3
Millennium Management
Millennium Management
New York
+$627K
4
State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System
Florida
+$561K
5
HF
HRT Financial
New York
+$548K

Top Sellers

1
Legal & General Group
Legal & General Group
United Kingdom
-$5.21M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$4.94M
3
State Street
State Street
Massachusetts
-$3.87M
4
ETC
Exchange Traded Concepts
Oklahoma
-$1.56M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$841K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$382K +$627K +323,775 New
Jane Street
27
Jane Street
New York
$377K +$523K +270,000 +550%
Rafferty Asset Management
28
Rafferty Asset Management
New York
$367K -$7.39K -3,818 -1%
HF
29
HRT Financial
New York
$334K +$548K +283,115 New
AllianceBernstein
30
AllianceBernstein
Tennessee
$325K +$54.2K +28,020 +11%
UBS AM
31
UBS AM
Illinois
$298K +$191K +98,473 +64%
Morgan Stanley
32
Morgan Stanley
New York
$293K -$221K -114,225 -32%
Fidelity Investments
33
Fidelity Investments
Massachusetts
$284K +$13.7K +7,057 +3%
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$256K -$33.8K -17,458 -7%
Squarepoint
35
Squarepoint
New York
$242K -$26.3K -13,590 -6%
CWM
36
Centric Wealth Management
Illinois
$237K +$388K +200,512 New
SC
37
Sculptor Capital
New York
$236K – – –
Invesco
38
Invesco
Georgia
$199K +$4.95K +2,558 +2%
California State Teachers Retirement System (CalSTRS)
39
California State Teachers Retirement System (CalSTRS)
California
$193K -$13.6K -7,005 -4%
SG Americas Securities
40
SG Americas Securities
New York
$176K +$255K +131,678 +742%
UBS Group
41
UBS Group
Switzerland
$162K -$27.4K -14,181 -9%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$158K +$15.2K +7,828 +6%
RJFSA
43
Raymond James Financial Services Advisors
Florida
$147K -$21.2K -10,949 -8%
RJT
44
Raymond James Trust
Florida
$144K – – –
DAS
45
Dynamic Advisor Solutions
Arizona
$143K +$194 +100 +0.1%
Bank of America
46
Bank of America
North Carolina
$142K +$34.3K +17,715 +17%
Osaic Holdings
47
Osaic Holdings
Arizona
$142K -$94.3K -48,740 -29%
CS
48
Credit Suisse
Switzerland
$131K -$14.6K -7,567 -6%
PMEF
49
Point72 Middle East FZE
United Arab Emirates
$128K +$211K +108,893 New
LPL Financial
50
LPL Financial
California
$128K +$36.3K +18,760 +21%
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BFLY Hedge Fund Activity: Q3 2023 in Review

186 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q3 2023, worth a combined $96.6M — down 51% from $199M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new BFLY positions and 23 closed out — a net gain of 2 holders — while 52 added to existing stakes and 42 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $3.38M. The largest seller was Legal & General Group, cutting an estimated $5.21M.

  • 186 institutional investors held Butterfly Network (BFLY) as of Q3 2023, up from 185 in Q2 2023.
  • Funds reported $96.6M of Butterfly Network stock for Q3 2023, down 51% quarter-over-quarter.
  • 25 funds opened new Butterfly Network positions in Q3 2023 and 23 closed out, a net change of +2 holders.
  • The largest Butterfly Network buyer in Q3 2023 was Citadel Advisors, an estimated $3.38M added.
  • The largest Butterfly Network seller in Q3 2023 was Legal & General Group, an estimated $5.21M sold.

Based on aggregated 13F filings for Q3 2023.