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BNFT

Benefitfocus, Inc.
BNFT

Delisted

BNFT was delisted on the 23rd of January, 2023.

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84 hedge funds and large institutions have $622M invested in Benefitfocus, Inc. in 2015 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 37 increasing their positions, 21 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 21

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

1% less funds holding

Funds holding: 85 → 84 (-1)

11% less call options, than puts

Call options by funds: $1.86M | Put options by funds: $2.09M

28% less capital invested

Capital invested by funds: $868M → $622M (-$246M)

Holders
84
Holders Change
-1
Holders Change %
-1.18%
% of All Funds
2.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
37
Reduced
21
Closed
13
Calls
$1.86M
Puts
$2.09M
Net Calls
-$231K
Net Calls Change
+$1.88M

Top Buyers

Rank Fund Capital Flow
1
FCM
Frontier Capital Management
Massachusetts
+$16.5M
2
O
OppenheimerFunds
New York
+$15.9M
3
JP Morgan Chase
JP Morgan Chase
New York
+$14.2M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$13.9M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$8.02M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$87.3M
2
CCM
Cupps Capital Management
Illinois
-$5M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$4.61M
4
Renaissance Technologies
Renaissance Technologies
New York
-$1.26M
5
NCGI
Next Century Growth Investors
Minnesota
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.9M -$273K -7,142 -11%
KCM
27
Kornitzer Capital Management
Kansas
$1.76M – – –
TG
28
TCW Group
California
$1.5M -$67.3K -1,761 -4%
Neuberger Berman Group
29
Neuberger Berman Group
New York
$1.33M +$467K +12,200 +40%
GC
30
Guggenheim Capital
Illinois
$1.31M -$127K -3,315 -7%
Deutsche Bank
31
Deutsche Bank
Germany
$1.27M -$925K -24,178 -37%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$1.18M -$49.7K -1,300 -3%
Bank of Nova Scotia
33
Bank of Nova Scotia
Ontario, Canada
$1.1M +$80K +2,092 +6%
Charles Schwab
34
Charles Schwab
California
$1.09M +$636K +16,636 +92%
NFA
35
Nationwide Fund Advisors
Ohio
$1.07M +$1.11M +29,110 +572%
TCIM
36
TIAA CREF Investment Management
New York
$837K – – –
BIM
37
BlackRock Investment Management
Delaware
$812K -$26K -681 -3%
LCG
38
Lisanti Capital Growth
New York
$718K +$879K +22,980 New
Citadel Advisors
39
Citadel Advisors
Florida
$694K +$839K +21,934 +8,340%
Swiss National Bank
40
Swiss National Bank
Switzerland
$638K +$252K +6,600 +48%
HCM
41
Highbridge Capital Management
New York
$599K +$734K +19,185 New
MC
42
Menta Capital
California
$586K +$718K +18,764 New
GS
43
Gagnon Securities
New York
$516K -$1.22K -32 -0.2%
RJFSA
44
Raymond James Financial Services Advisors
Florida
$478K +$584K +15,283 New
RFC
45
Russell Frank Company
Washington
$474K -$31K -811 -5%
GG
46
Gofen & Glossberg
Illinois
$459K – – –
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$450K – – –
Invesco
48
Invesco
Georgia
$427K +$73K +1,910 +16%
PAM
49
Panagora Asset Management
Massachusetts
$418K +$510K +13,339 +45,997%
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$394K +$482K +12,601 New
1
2
3 4

BNFT Hedge Fund Activity: Q3 2015 in Review

84 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2015, worth a combined $622M — down 28% from $868M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BNFT and 12 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 37 added.

The largest buyer was Frontier Capital Management, adding an estimated $16.5M. The largest seller was Goldman Sachs, cutting an estimated $87.3M.

  • 84 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2015, down from 85 in Q2 2015.
  • Funds reported $622M of Benefitfocus, Inc. stock for Q3 2015, down 28% quarter-over-quarter.
  • 12 funds opened new Benefitfocus, Inc. positions in Q3 2015 and 13 closed out, a net change of -1 holder.
  • The largest Benefitfocus, Inc. buyer in Q3 2015 was Frontier Capital Management, an estimated $16.5M added.
  • The largest Benefitfocus, Inc. seller in Q3 2015 was Goldman Sachs, an estimated $87.3M sold.

Based on aggregated 13F filings for Q3 2015.