Butterfly Network
BFLY
181 hedge funds and large institutions have $143M invested in Butterfly Network in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 55 reducing their positions, and 29 closing their positions.
127% more call options, than puts
Call options by funds: $1.78M | Put options by funds: $782K
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4.33% less ownership
Funds ownership: 47.36% → 43.03% (-4.3%)
9% less funds holding
Funds holding: 199 → 181 (-18)
15% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 55
29% less capital invested
Capital invested by funds: $203M → $143M (-$59.8M)
55% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
+$6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$525K |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$426K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$426K |
| 5 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$8M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$5.24M |
| 3 |
Legal & General Group
London,
United Kingdom
|
-$3.01M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.45M |
| 5 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$1.29M |
BFLY Hedge Fund Activity: Q1 2023 in Review
181 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q1 2023, worth a combined $143M — down 29% from $203M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BFLY and 13 opened new positions — a net loss of 16 holders — while 55 trimmed existing stakes and 47 added.
The largest buyer was Glenview Capital Management, adding an estimated $6M. The largest seller was Fidelity Investments, cutting an estimated $8M.
- 181 institutional investors held Butterfly Network (BFLY) as of Q1 2023, down from 199 in Q4 2022.
- Funds reported $143M of Butterfly Network stock for Q1 2023, down 29% quarter-over-quarter.
- 13 funds opened new Butterfly Network positions in Q1 2023 and 29 closed out, a net change of -16 holders.
- The largest Butterfly Network buyer in Q1 2023 was Glenview Capital Management, an estimated $6M added.
- The largest Butterfly Network seller in Q1 2023 was Fidelity Investments, an estimated $8M sold.
Based on aggregated 13F filings for Q1 2023.