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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
KC
101
Kepos Capital
New York
– -$4.7M -478,700 Closed
PMAM
102
Picton Mahoney Asset Management
Ontario, Canada
– -$4.37M -444,699 Closed
Deutsche Bank
103
Deutsche Bank
Germany
– -$4.03M -410,000 Closed
WAM
104
Wolverine Asset Management
Illinois
– -$3.53M -359,884 Closed
RA
105
Ramius Advisors
New York
– -$3.44M -350,000 Closed
Manulife (Manufacturers Life Insurance)
106
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$3.41M -347,478 Closed
Walleye Capital
107
Walleye Capital
New York
– -$3.32M -337,686 Closed
IC
108
IEQ Capital
California
– -$2.95M -300,000 Closed
Verition Fund Management
109
Verition Fund Management
Connecticut
– -$2.94M -299,700 Closed
RCM
110
Rivernorth Capital Management
Florida
– -$1.96M -199,997 Closed
Walleye Trading
111
Walleye Trading
New York
– -$1.96M -199,817 Closed
AA
112
AQR Arbitrage
Connecticut
– -$1.47M -150,000 Closed
MSU
113
Mizuho Securities USA
New York
– -$1.46M -150,000 Closed
SC
114
Sculptor Capital
New York
– -$1.47M -149,999 Closed
Hudson Bay Capital Management
115
Hudson Bay Capital Management
Connecticut
– -$1.23M -124,998 Closed
HighTower Advisors
116
HighTower Advisors
Illinois
– -$1.16M -117,981 Closed
FTCM
117
First Trust Capital Management
Illinois
– -$986K -100,399 Closed
DCM
118
Dupont Capital Management
Delaware
– -$982K -99,999 Closed
DAM
119
Deltec Asset Management
New York
– -$981K -99,900 Closed
NAM
120
Nexpoint Asset Management
Texas
– -$977K -99,534 Closed
KIM
121
Karpus Investment Management
New York
– -$724K -73,774 Closed
SSA
122
Schonfeld Strategic Advisors
New York
– -$501K -51,000 Closed
CL
123
CSS LLC
Illinois
– -$296K -30,117 Closed
EIP
124
Easterly Investment Partners
Massachusetts
– -$295K -30,000 Closed
JG
125
Jefferies Group
New York
– -$246K -25,002 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.