Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
113 hedge funds and large institutions have $690M invested in Benefitfocus, Inc. in 2019 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 31 reducing their positions, and 18 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 31
6% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 18
1% more funds holding
Funds holding: 112 → 113 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less call options, than puts
Call options by funds: $1.16M | Put options by funds: $1.17M
9% less capital invested
Capital invested by funds: $759M → $690M (-$69.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$36.7M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$18.2M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
+$7.06M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$6.88M |
| 5 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$5.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$54.8M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$31.5M |
| 3 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$7.03M |
| 4 |
FA
Friess Associates
Greenville,
Delaware
|
-$6.96M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$5.81M |
BNFT Hedge Fund Activity: Q4 2019 in Review
113 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q4 2019, worth a combined $690M — down 9.1% from $759M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BNFT positions and 18 closed out — a net gain of 1 holder — while 48 added to existing stakes and 31 trimmed.
The largest buyer was BlackRock, adding an estimated $36.7M. The largest seller was Fidelity Investments, cutting an estimated $54.8M.
- 113 institutional investors held Benefitfocus, Inc. (BNFT) as of Q4 2019, up from 112 in Q3 2019.
- Funds reported $690M of Benefitfocus, Inc. stock for Q4 2019, down 9.1% quarter-over-quarter.
- 19 funds opened new Benefitfocus, Inc. positions in Q4 2019 and 18 closed out, a net change of +1 holder.
- The largest Benefitfocus, Inc. buyer in Q4 2019 was BlackRock, an estimated $36.7M added.
- The largest Benefitfocus, Inc. seller in Q4 2019 was Fidelity Investments, an estimated $54.8M sold.
Based on aggregated 13F filings for Q4 2019.