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Butterfly Network
BFLY

196 hedge funds and large institutions have $434M invested in Butterfly Network in 2022 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 63 increasing their positions, 45 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more call options, than puts

Call options by funds: $8.06M | Put options by funds: $3.71M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

40% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 45

19% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 31

2% more funds holding

Funds holding: 193 → 196 (+3)

2.03% less ownership

Funds ownership: 54.83% → 52.8% (-2%)

31% less capital invested

Capital invested by funds: $626M → $434M (-$192M)

Holders
196
Holders Change
+3
Holders Change %
+1.55%
% of All Funds
3.09%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
37
Increased
63
Reduced
45
Closed
31
Calls
$8.06M
Puts
$3.71M
Net Calls
+$4.35M
Net Calls Change
+$1.39M

Top Buyers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$9.12M
2
Renaissance Technologies
Renaissance Technologies
New York
+$6.78M
3
State Street
State Street
Massachusetts
+$3.26M
4
Two Sigma Investments
Two Sigma Investments
New York
+$2.99M
5
Citadel Advisors
Citadel Advisors
Florida
+$2.83M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$16.1M
2
PHS
PFM Health Sciences
California
-$12.2M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$7.88M
4
William Blair Investment Management
William Blair Investment Management
Illinois
-$6.78M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
-$3.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
201
Graham Capital Management
Connecticut
– -$294K -44,048 Closed
HT
202
HAP Trading
New York
– -$203K -37,034 Closed
SG Americas Securities
203
SG Americas Securities
New York
– -$160K -23,873 Closed
MC
204
Manteio Capital
New Jersey
– -$145K -21,619 Closed
TCM
205
Tuttle Capital Management
Connecticut
– -$130K -19,440 Closed
XT
206
XTX Topco
Cayman Islands
– -$113K -16,850 Closed
Ameriprise
207
Ameriprise
Minnesota
– -$112K -16,718 Closed
UCFA
208
United Capital Financial Advisors
Texas
– -$108K -16,200 Closed
SEC
209
Seven Eight Capital
New York
– -$100K -14,982 Closed
Walleye Trading
210
Walleye Trading
New York
– -$43K -6,476 Closed
SWM
211
Spire Wealth Management
Virginia
– -$41K -6,063 Closed
MTWM
212
Masso Torrence Wealth Management
New Jersey
– -$30K -4,500 Closed
WT
213
Whittier Trust
California
– -$28K -4,115 Closed
RI
214
Rinkey Investments
California
– -$22K -3,200 Closed
EWM
215
Edge Wealth Management
New York
– -$12K -1,868 Closed
RPCONE
216
Retirement Planning Company of New England
Rhode Island
– -$12K -1,826 Closed
TWM
217
Tradition Wealth Management
Minnesota
– -$3K -500 Closed
SCA
218
Snowden Capital Advisors
New York
– -$3K -450 Closed
EVM
219
Eaton Vance Management
Massachusetts
– -$1K -200 Closed
C
220
Covestor
United Kingdom
– -$44 -8 -18%
IFAM
221
Institutional & Family Asset Management
Colorado
– +$192 +35 +54%
TCM
222
Tradewinds Capital Management
Washington
– +$274 +50 New
NWM
223
Navigation Wealth Management
Colorado
– +$549 +100 New
5 6 7 8
9

BFLY Hedge Fund Activity: Q1 2022 in Review

196 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q1 2022, worth a combined $434M — down 31% from $626M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new BFLY positions and 31 closed out — a net gain of 6 holders — while 63 added to existing stakes and 45 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $9.12M. The largest seller was Fidelity Investments, cutting an estimated $16.1M.

  • 196 institutional investors held Butterfly Network (BFLY) as of Q1 2022, up from 193 in Q4 2021.
  • Funds reported $434M of Butterfly Network stock for Q1 2022, down 31% quarter-over-quarter.
  • 37 funds opened new Butterfly Network positions in Q1 2022 and 31 closed out, a net change of +6 holders.
  • The largest Butterfly Network buyer in Q1 2022 was D.E. Shaw & Co, an estimated $9.12M added.
  • The largest Butterfly Network seller in Q1 2022 was Fidelity Investments, an estimated $16.1M sold.

Based on aggregated 13F filings for Q1 2022.