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Butterfly Network
BFLY

172 hedge funds and large institutions have $83.8M invested in Butterfly Network in 2024 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 31 increasing their positions, 68 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more call options, than puts

Call options by funds: $421K | Put options by funds: $360K

1% more funds holding

Funds holding: 170 → 172 (+2)

8% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 26

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less capital invested

Capital invested by funds: $85.8M → $83.8M (-$1.95M)

1.4% less ownership

Funds ownership: 43.95% → 42.55% (-1.4%)

54% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 68

Holders
172
Holders Change
+2
Holders Change %
+1.18%
% of All Funds
2.48%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
28
Increased
31
Reduced
68
Closed
26
Calls
$421K
Puts
$360K
Net Calls
+$61K
Net Calls Change
-$464K

Top Buyers

1
SSA
Schonfeld Strategic Advisors
New York
+$2.07M
2
CA
Cetera Advisors
Colorado
+$1.24M
3
PHP
Parkman Healthcare Partners
Connecticut
+$804K
4
ACM
Archon Capital Management
Washington
+$349K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$234K

Top Sellers

1
AIM
ARK Investment Management
Florida
-$2.57M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.22M
3
Morgan Stanley
Morgan Stanley
New York
-$702K
4
HF
HRT Financial
New York
-$422K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$333K
Name Holding Trade Value Shares
Change 		Change in
Stake
AB
126
Amalgamated Bank
New York
$5K -$8.33K -7,767 -64%
TRCT
127
Tower Research Capital (TRC)
New York
$4.94K -$138K -128,278 -97%
TWC
128
TD Waterhouse Canada
Ontario, Canada
$3.97K -$911 -850 -18%
GPFA
129
Game Plan Financial Advisors
Ohio
$3.46K – – –
PFBT
130
Parkside Financial Bank & Trust
Missouri
$3.24K – – –
SPIA
131
Steward Partners Investment Advisory
New York
$2.94K – – –
RWA
132
Redmont Wealth Advisors
Illinois
$2.86K +$2.84K +2,649 New
MLICM
133
Metropolitan Life Insurance Company (MetLife)
New York
$2.67K -$5.73K -5,343 -68%
PNC Financial Services Group
134
PNC Financial Services Group
Pennsylvania
$2.2K +$1.07K +1,000 +97%
CIBC Private Wealth Group
135
CIBC Private Wealth Group
Georgia
$2.18K +$2.25K +2,100 New
HIIFS
136
Harel Insurance Investments & Financial Services
Israel
$2K -$649 -605 -26%
RBC
137
Roble Belko & Company
Pennsylvania
$2K – – –
PIS
138
POM Investment Strategies
North Carolina
$1.94K – – –
SC
139
SouthState Corp
Florida
$1.69K – – –
CA
140
Clearstead Advisors
Ohio
$1.67K – – –
SS
141
Sunbelt Securities
Texas
$1.61K -$2.2K -2,056 -58%
RCM
142
Raleigh Capital Management
North Carolina
$1.37K – – –
MIM
143
Macroview Investment Management
Maryland
$1.26K – – –
AF
144
Allworth Financial
California
$1.25K – – –
GI
145
GAMMA Investing
California
$1.19K – – –
HNB
146
Huntington National Bank
Ohio
$1.08K – – –
BWP
147
Baldwin Wealth Partners
Massachusetts
$1.08K – – –
HI
148
Harbour Investments
Wisconsin
$1.08K – – –
LI
149
LRI Investments
Florida
$1.08K +$1.07K +1,000 New
WTC
150
WhitTier Trust Company
Nevada
$1.07K – – –
4 5
6
7 8

BFLY Hedge Fund Activity: Q1 2024 in Review

172 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q1 2024, worth a combined $83.8M — down 2.3% from $85.8M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new BFLY positions and 26 closed out — a net gain of 2 holders — while 31 added to existing stakes and 68 trimmed.

The largest buyer was Schonfeld Strategic Advisors, opening a new position worth an estimated $2.07M. The largest seller was ARK Investment Management, cutting an estimated $2.57M.

  • 172 institutional investors held Butterfly Network (BFLY) as of Q1 2024, up from 170 in Q4 2023.
  • Funds reported $83.8M of Butterfly Network stock for Q1 2024, down 2.3% quarter-over-quarter.
  • 28 funds opened new Butterfly Network positions in Q1 2024 and 26 closed out, a net change of +2 holders.
  • The largest Butterfly Network buyer in Q1 2024 was Schonfeld Strategic Advisors, an estimated $2.07M added.
  • The largest Butterfly Network seller in Q1 2024 was ARK Investment Management, an estimated $2.57M sold.

Based on aggregated 13F filings for Q1 2024.