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Butterfly Network
BFLY

196 hedge funds and large institutions have $434M invested in Butterfly Network in 2022 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 63 increasing their positions, 45 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more call options, than puts

Call options by funds: $8.06M | Put options by funds: $3.71M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

40% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 45

19% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 31

2% more funds holding

Funds holding: 193 → 196 (+3)

2.03% less ownership

Funds ownership: 54.83% → 52.8% (-2%)

31% less capital invested

Capital invested by funds: $626M → $434M (-$192M)

Holders
196
Holders Change
+3
Holders Change %
+1.55%
% of All Funds
3.09%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
37
Increased
63
Reduced
45
Closed
31
Calls
$8.06M
Puts
$3.71M
Net Calls
+$4.35M
Net Calls Change
+$1.39M

Top Buyers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$9.12M
2
Renaissance Technologies
Renaissance Technologies
New York
+$6.78M
3
State Street
State Street
Massachusetts
+$3.26M
4
Two Sigma Investments
Two Sigma Investments
New York
+$2.99M
5
Citadel Advisors
Citadel Advisors
Florida
+$2.83M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$16.1M
2
PHS
PFM Health Sciences
California
-$12.2M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$7.88M
4
William Blair Investment Management
William Blair Investment Management
Illinois
-$6.78M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
-$3.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
VOYA Investment Management
76
VOYA Investment Management
Georgia
$244K – – –
Manulife (Manufacturers Life Insurance)
77
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$244K -$62.4K -11,381 -18%
T. Rowe Price Associates
78
T. Rowe Price Associates
Maryland
$241K +$18.5K +3,364 +7%
SFI
79
Susquehanna Fundamental Investments
Pennsylvania
$239K +$275K +50,130 New
TC
80
TwinBeech Capital
New York
$239K +$276K +50,222 New
Principal Financial Group
81
Principal Financial Group
Iowa
$206K +$10.8K +1,974 +5%
1WA
82
180 Wealth Advisors
Washington
$192K +$38.3K +6,976 +17%
Handelsbanken Fonder
83
Handelsbanken Fonder
Sweden
$188K – – –
RJT
84
Raymond James Trust
Florida
$180K +$71.3K +13,000 +52%
MPW
85
Monterey Private Wealth
California
$177K +$57K +10,383 +40%
DFCM
86
Dark Forest Capital Management
Puerto Rico
$175K +$201K +36,695 +1,834,750%
KAS
87
Kestra Advisory Services
Texas
$171K +$30.5K +5,553 +18%
QT
88
Quantbot Technologies
New York
$163K +$188K +34,339 New
GPA
89
Guidance Point Advisors
Massachusetts
$159K – – –
VF
90
Virtu Financial
New York
$153K +$176K +32,144 New
ASRS
91
Arizona State Retirement System
Arizona
$143K +$3.88K +708 +2%
SO
92
STRS Ohio
Ohio
$138K – – –
CHAM
93
Clear Harbor Asset Management
Connecticut
$136K -$37.2K -6,784 -19%
State Board of Administration of Florida Retirement System
94
State Board of Administration of Florida Retirement System
Florida
$134K – – –
ProShare Advisors
95
ProShare Advisors
Maryland
$119K -$12.1K -2,209 -8%
Two Sigma Advisers
96
Two Sigma Advisers
New York
$115K +$133K +24,200 New
EGM
97
Engineers Gate Manager
New York
$112K +$129K +23,578 New
Teacher Retirement System of Texas
98
Teacher Retirement System of Texas
Texas
$109K +$11.1K +2,018 +10%
BCM
99
Bayesian Capital Management
New York
$108K +$125K +22,719 New
VNA
100
Valley National Advisers
Pennsylvania
$105K – – –
2 3
4
5 6

BFLY Hedge Fund Activity: Q1 2022 in Review

196 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q1 2022, worth a combined $434M — down 31% from $626M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new BFLY positions and 31 closed out — a net gain of 6 holders — while 63 added to existing stakes and 45 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $9.12M. The largest seller was Fidelity Investments, cutting an estimated $16.1M.

  • 196 institutional investors held Butterfly Network (BFLY) as of Q1 2022, up from 193 in Q4 2021.
  • Funds reported $434M of Butterfly Network stock for Q1 2022, down 31% quarter-over-quarter.
  • 37 funds opened new Butterfly Network positions in Q1 2022 and 31 closed out, a net change of +6 holders.
  • The largest Butterfly Network buyer in Q1 2022 was D.E. Shaw & Co, an estimated $9.12M added.
  • The largest Butterfly Network seller in Q1 2022 was Fidelity Investments, an estimated $16.1M sold.

Based on aggregated 13F filings for Q1 2022.