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BNFT

Benefitfocus, Inc.
BNFT

Delisted

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

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76 hedge funds and large institutions have $729M invested in Benefitfocus, Inc. in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 22

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

11% less funds holding

Funds holding: 85 → 76 (-9)

19% less capital invested

Capital invested by funds: $902M → $729M (-$173M)

47% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 17

49% less call options, than puts

Call options by funds: $692K | Put options by funds: $1.35M

Holders
76
Holders Change
-9
Holders Change %
-10.59%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
9
Increased
32
Reduced
22
Closed
17
Calls
$692K
Puts
$1.35M
Net Calls
-$660K
Net Calls Change
-$2.05M

Top Buyers

Rank Fund Capital Flow
1
FCM
Frontier Capital Management
Massachusetts
+$13.1M
2
ACH
ArrowMark Colorado Holdings
Colorado
+$8.68M
3
CS
Credit Suisse
Switzerland
+$7.98M
4
Artisan Partners
Artisan Partners
Wisconsin
+$3.62M
5
BlackRock
BlackRock
New York
+$2.07M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$5.04M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$4.22M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$2.77M
4
BAMCO Inc
BAMCO Inc
New York
-$2.76M
5
GLA
Great Lakes Advisors
Illinois
-$2.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.95M -$144K -5,204 -7%
PP
27
PDT Partners
New York
$1.62M -$115K -4,133 -6%
Macquarie Group
28
Macquarie Group
Australia
$1.42M +$23K +829 +2%
Bank of America
29
Bank of America
North Carolina
$1.41M +$72.7K +2,624 +5%
Teacher Retirement System of Texas
30
Teacher Retirement System of Texas
Texas
$1.3M +$1.34M +48,286 New
EIM
31
Essex Investment Management
Massachusetts
$1.3M -$14.1K -510 -1%
PGCM
32
Prescott Group Capital Management
Oklahoma
$1.26M – – –
PG
33
Pendal Group
Australia
$1.14M +$45.2K +1,630 +4%
SIM
34
Spark Investment Management
New York
$1.12M +$1.15M +41,361 New
TCIM
35
TIAA CREF Investment Management
New York
$1.08M -$28.1K -1,014 -2%
CIA
36
Capital Impact Advisors
Massachusetts
$1.06M – – –
Deutsche Bank
37
Deutsche Bank
Germany
$1.05M +$482K +17,392 +81%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$872K +$32.4K +1,169 +4%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$788K – – –
TA
40
Teachers Advisors
New York
$787K +$12.5K +450 +2%
Swiss National Bank
41
Swiss National Bank
Switzerland
$691K – – –
California State Teachers Retirement System (CalSTRS)
42
California State Teachers Retirement System (CalSTRS)
California
$676K -$8.34K -301 -1%
Invesco
43
Invesco
Georgia
$624K -$39.8K -1,435 -6%
PPA
44
Parametric Portfolio Associates
Washington
$610K +$111K +4,011 +22%
State Board of Administration of Florida Retirement System
45
State Board of Administration of Florida Retirement System
Florida
$469K – – –
First Trust Advisors
46
First Trust Advisors
Illinois
$454K -$782K -28,201 -63%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$399K -$206K -7,439 -33%
GS
48
Gagnon Securities
New York
$368K +$23.7K +856 +7%
Manulife (Manufacturers Life Insurance)
49
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$346K -$3.71K -134 -1%
AllianceBernstein
50
AllianceBernstein
Tennessee
$335K -$44.4K -1,600 -11%
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BNFT Hedge Fund Activity: Q4 2017 in Review

76 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q4 2017, worth a combined $729M — down 19% from $902M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BNFT and 9 opened new positions — a net loss of 8 holders — while 22 trimmed existing stakes and 32 added.

The largest buyer was Frontier Capital Management, adding an estimated $13.1M. The largest seller was Citadel Advisors, cutting an estimated $5.04M.

  • 76 institutional investors held Benefitfocus, Inc. (BNFT) as of Q4 2017, down from 85 in Q3 2017.
  • Funds reported $729M of Benefitfocus, Inc. stock for Q4 2017, down 19% quarter-over-quarter.
  • 9 funds opened new Benefitfocus, Inc. positions in Q4 2017 and 17 closed out, a net change of -8 holders.
  • The largest Benefitfocus, Inc. buyer in Q4 2017 was Frontier Capital Management, an estimated $13.1M added.
  • The largest Benefitfocus, Inc. seller in Q4 2017 was Citadel Advisors, an estimated $5.04M sold.

Based on aggregated 13F filings for Q4 2017.