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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
Balyasny Asset Management
176
Balyasny Asset Management
Illinois
– -$46.4K -42,967 Closed
EGM
177
Engineers Gate Manager
New York
– -$43.9K -40,614 Closed
PMEF
178
Point72 Middle East FZE
United Arab Emirates
– -$34.1K -31,565 Closed
WC
179
Wexford Capital
Florida
– -$24.5K -22,700 Closed
Cambridge Investment Research Advisors
180
Cambridge Investment Research Advisors
Iowa
– -$18K -16,536 Closed
HSA
181
HBK Sorce Advisory
Pennsylvania
– -$17.1K -15,850 Closed
AAS
182
Avantax Advisory Services
Texas
– -$17.1K -15,800 Closed
ASN
183
Advisory Services Network
Georgia
– -$17.1K -15,790 Closed
IUHSA
184
Itau Unibanco Holding S.A.
Brazil
– -$16.2K -15,003 Closed
Allspring Global Investments
185
Allspring Global Investments
North Carolina
– -$16.1K -14,925 Closed
GS
186
GTS Securities
New York
– -$14.7K -13,720 Closed
AWM
187
AE Wealth Management
Kansas
– -$13.5K -13,591 Closed
HIC
188
Hartline Investment Corp
Illinois
– -$12.4K -11,500 Closed
AWA
189
Arete Wealth Advisors
Illinois
– -$12.3K -11,428 Closed
QPBE
190
Quintet Private Bank (Europe)
Luxembourg
– -$5.28K -4,893 Closed
SSG
191
Summit Securities Group
New York
– -$3K -2,397 Closed
LA
192
LM Advisors
California
– -$1.08K -1,000 Closed
TSW
193
Thompson Siegel & Walmsley
Virginia
– -$1K -1,000 Closed
TFA
194
Toth Financial Advisory
Virginia
– -$1.08K -1,000 Closed
FWM
195
Focused Wealth Management
New York
– -$448 -415 Closed
ODG
196
O'Dell Group
Ohio
– -$162 -150 Closed
CSS
197
Cubist Systematic Strategies
Connecticut
– -$21 -19 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.