Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
106 hedge funds and large institutions have $388M invested in Benefitfocus, Inc. in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 43 reducing their positions, and 12 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
30% more capital invested
Capital invested by funds: $298M → $388M (+$90M)
0% more funds holding
Funds holding: 106 → 106 (0)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
35% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 43
97% less call options, than puts
Call options by funds: $97K | Put options by funds: $3.63M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$13.9M |
| 2 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$5.26M |
| 3 |
FAM
Fred Alger Management
New York
|
+$3.4M |
| 4 |
AA
Ancient Art
Austin,
Texas
|
+$2.21M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$11.9M |
| 2 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$3.43M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$2.21M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.2M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$2.1M |
BNFT Hedge Fund Activity: Q4 2020 in Review
106 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q4 2020, worth a combined $388M — up 30% from $298M a quarter earlier.
Fund positioning in BNFT was balanced in Q4 2020: 12 funds opened new positions, 12 closed out, 28 added to existing stakes and 43 trimmed.
The largest buyer was Indaba Capital Management, adding an estimated $13.9M. The largest seller was BlackRock, cutting an estimated $11.9M.
- 106 institutional investors held Benefitfocus, Inc. (BNFT) as of Q4 2020, unchanged from Q3 2020.
- Funds reported $388M of Benefitfocus, Inc. stock for Q4 2020, up 30% quarter-over-quarter.
- 12 funds opened new Benefitfocus, Inc. positions in Q4 2020 and 12 closed out, a net change of 0 holders.
- The largest Benefitfocus, Inc. buyer in Q4 2020 was Indaba Capital Management, an estimated $13.9M added.
- The largest Benefitfocus, Inc. seller in Q4 2020 was BlackRock, an estimated $11.9M sold.
Based on aggregated 13F filings for Q4 2020.