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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
WAM
151
Wolverine Asset Management
Illinois
$1.02K – – –
National Bank of Canada
152
National Bank of Canada
Quebec, Canada
$1.02K -$3.75K -3,500 -78%
Carson Wealth (CWM LLC)
153
Carson Wealth (CWM LLC)
Nebraska
$1K -$2.63K -2,449 -79%
BFEC
154
Benjamin F. Edwards & Company
Missouri
$1K – – –
PS
155
Principal Securities
Iowa
$961 -$265 -247 -22%
CA
156
Continuum Advisory
Idaho
$780 +$858 +800 New
NECFA
157
New England Capital Financial Advisors
Connecticut
$756 – – –
CFGS
158
Concourse Financial Group Securities
Alabama
$540 -$295 -275 -35%
AEPWM
159
Atlantic Edge Private Wealth Management
Florida
$540 – – –
PA
160
PSI Advisors
Florida
$540 – – –
Comerica Bank
161
Comerica Bank
Texas
$501 – – –
FWM
162
FSA Wealth Management
Massachusetts
$321 – – –
NIC
163
Northwest Investment Counselors
Oregon
$255 +$253 +236 New
AAP
164
Arax Advisory Partners
Colorado
$185 – – –
Nisa Investment Advisors
165
Nisa Investment Advisors
Missouri
$149 +$148 +138 New
FFA
166
Farther Finance Advisors
California
$109 -$573 -534 -84%
JWM
167
Janiczek Wealth Management
Colorado
$108 – – –
NA
168
NewEdge Advisors
Louisiana
$108 – – –
OIA
169
Optimum Investment Advisors
Illinois
$108 – – –
WWP
170
WR Wealth Planners
Missouri
$65 +$64 +60 New
AWM
171
Avior Wealth Management
Nebraska
$31 +$31 +29 New
FFA
172
Frazier Financial Advisors
Ohio
$18 +$17 +16 New
SC
173
Sculptor Capital
New York
– -$216K -200,000 Closed
TSS
174
Two Sigma Securities
New York
– -$168K -155,817 Closed
XT
175
XTX Topco
Cayman Islands
– -$121K -112,398 Closed
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.