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Butterfly Network
BFLY

91 hedge funds and large institutions have $271M invested in Butterfly Network in 2020 Q4 according to their latest regulatory filings, with 80 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 36

102% more call options, than puts

Call options by funds: $14.1M | Put options by funds: $6.95M

94% more funds holding

Funds holding: 47 → 91 (+44)

31% more capital invested

Capital invested by funds: $206M → $271M (+$64M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

18.96% less ownership

Funds ownership: 51.99% → 33.03% (-19%)

20% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 5

Holders
91
Holders Change
+44
Holders Change %
+93.62%
% of All Funds
1.61%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
80
Increased
4
Reduced
5
Closed
36
Calls
$14.1M
Puts
$6.95M
Net Calls
+$7.12M
Net Calls Change
+$7.12M

Top Buyers

1
BlackRock
BlackRock
New York
+$23.7M
2
AIM
ARK Investment Management
Florida
+$19.3M
3
Federated Hermes
Federated Hermes
Pennsylvania
+$16.9M
4
EAM
Eventide Asset Management
Massachusetts
+$14.3M
5
HP
Hartree Partners
New York
+$12.8M

Top Sellers

1
GCL
Glazer Capital LLC
New York
-$26.4M
2
ECP
Empyrean Capital Partners
California
-$24M
3
WCMNY
Westchester Capital Management (New York)
New York
-$23.9M
4
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$16.7M
5
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$9.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIM
76
Sonora Investment Management
Arizona
$16K +$10.6K +825 New
Bank of Montreal
77
Bank of Montreal
Ontario, Canada
$15K +$9.28K +725 New
IA
78
IFP Advisors
Florida
$10K +$6.4K +500 New
OIA
79
Optimum Investment Advisors
Illinois
$9K +$5.76K +450 New
LC
80
Lindbrook Capital
California
$8K +$5.12K +400 New
RIM
81
Rockbridge Investment Management
New York
$8K +$5.12K +400 New
SSB
82
Sandy Spring Bank
Maryland
$7K +$4.48K +350 New
Citigroup
83
Citigroup
New York
$6K +$3.84K +300 New
FIA
84
FNY Investment Advisers
New York
$6K +$4.48K +350 New
BWA
85
BDO Wealth Advisors
Florida
$5K +$3.2K +250 New
Carson Wealth (CWM LLC)
86
Carson Wealth (CWM LLC)
Nebraska
$3K – – –
LWA
87
Lenox Wealth Advisors
New York
$3K +$1.92K +150 New
TWA
88
TCI Wealth Advisors
Arizona
$3K +$1.92K +150 New
AF
89
Allworth Financial
California
$3K +$1.96K +153 New
WT
90
Whittier Trust
California
$2K +$1.28K +100 New
FDCDDQ
91
Federation des caisses Desjardins du Quebec
Quebec, Canada
$297 +$192 +15 New
GCL
92
Glazer Capital LLC
New York
– -$26.4M -2,691,283 Closed
ECP
93
Empyrean Capital Partners
California
– -$24M -2,444,000 Closed
AIMCA
94
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$16.7M -1,699,998 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
95
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$9.83M -999,000 Closed
WRBC
96
W.R. Berkley Corp
Connecticut
– -$9.76M -993,900 Closed
PC
97
Periscope Capital
Ontario, Canada
– -$9M -916,500 Closed
GL
98
Governors Lane
New York
– -$8.84M -900,000 Closed
CCA
99
Castle Creek Arbitrage
Colorado
– -$6.97M -710,496 Closed
RCM
100
Radcliffe Capital Management
Pennsylvania
– -$5.4M -550,300 Closed
2 3
4
5 6

BFLY Hedge Fund Activity: Q4 2020 in Review

91 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q4 2020, worth a combined $271M — up 31% from $206M a quarter earlier.

Buyers outnumbered sellers: 80 funds opened new BFLY positions and 36 closed out — a net gain of 44 holders — while 4 added to existing stakes and 5 trimmed.

The largest buyer was BlackRock, opening a new position worth an estimated $23.7M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $26.4M sold.

  • 91 institutional investors held Butterfly Network (BFLY) as of Q4 2020, up from 47 in Q3 2020.
  • Funds reported $271M of Butterfly Network stock for Q4 2020, up 31% quarter-over-quarter.
  • 80 funds opened new Butterfly Network positions in Q4 2020 and 36 closed out, a net change of +44 holders.
  • The largest Butterfly Network buyer in Q4 2020 was BlackRock, an estimated $23.7M added.
  • The largest Butterfly Network seller in Q4 2020 was Glazer Capital LLC, an estimated $26.4M sold.

Based on aggregated 13F filings for Q4 2020.