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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
TCBWMS
76
Texas Capital Bank Wealth Management Services
Texas
$59K – – –
ZA
77
Zazove Associates
Nevada
$59K – – –
SAM
78
Storebrand Asset Management
Norway
$58K +$3.55K +1,832 +4%
Janus Henderson Group
79
Janus Henderson Group
United Kingdom
$57.6K -$10 -5 -0%
CAPTRUST Financial Advisors
80
CAPTRUST Financial Advisors
North Carolina
$54.4K -$1.46K -755 -2%
ASRS
81
Arizona State Retirement System
Arizona
$50.7K +$6.16K +3,184 +8%
XT
82
XTX Topco
Cayman Islands
$50.5K +$82.8K +42,796 New
CIA
83
Capital Investment Advisors
Georgia
$49K +$22.8K +11,800 +40%
Daiwa Securities Group
84
Daiwa Securities Group
Japan
$45K – – –
WG
85
Winton Group
United Kingdom
$44.4K +$314 +162 +0.4%
Lazard Asset Management
86
Lazard Asset Management
New York
$43K +$71.1K +36,733 New
Renaissance Technologies
87
Renaissance Technologies
New York
$41K +$67.4K +34,800 New
GPA
88
Guidance Point Advisors
Massachusetts
$39.6K – – –
EGM
89
Engineers Gate Manager
New York
$36.7K +$60.3K +31,143 New
BAG
90
Bridgewealth Advisory Group
California
$35.4K – – –
SEI Investments
91
SEI Investments
Pennsylvania
$33.3K +$54.6K +28,220 New
Balyasny Asset Management
92
Balyasny Asset Management
Illinois
$32.8K -$841K -434,687 -94%
Allspring Global Investments
93
Allspring Global Investments
North Carolina
$32.2K -$28.1K -14,511 -35%
STA
94
Summit Trail Advisors
New York
$31.6K – – –
Janney Montgomery Scott
95
Janney Montgomery Scott
Pennsylvania
$31K -$7.74K -4,000 -13%
TRCT
96
Tower Research Capital (TRC)
New York
$25.9K +$34.3K +17,728 +421%
CHAM
97
Clear Harbor Asset Management
Connecticut
$25.7K -$19.8K -10,215 -32%
KAS
98
Kestra Advisory Services
Texas
$25K -$825 -426 -2%
VNA
99
Valley National Advisers
Pennsylvania
$25K – – –
CWM
100
Cranbrook Wealth Management
Michigan
$23.6K – – –
2 3
4
5 6

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.