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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$3.38M |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$981K |
| 3 |
Millennium Management
New York
|
+$627K |
| 4 |
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
|
+$561K |
| 5 |
HF
HRT Financial
New York
|
+$548K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
-$5.21M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.94M |
| 3 |
State Street
Boston,
Massachusetts
|
-$3.87M |
| 4 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$1.56M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$841K |
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.