Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
88 hedge funds and large institutions have $894M invested in Benefitfocus, Inc. in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 35 increasing their positions, 27 reducing their positions, and 11 closing their positions.
379% more call options, than puts
Call options by funds: $5.57M | Put options by funds: $1.16M
30% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 27
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
18% more capital invested
Capital invested by funds: $761M → $894M (+$133M)
2% more funds holding
Funds holding: 86 → 88 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.75M |
| 2 |
GC
GMT Capital
Atlanta,
Georgia
|
+$5.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$5.23M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$4.21M |
| 5 |
JP Morgan Chase
New York
|
+$3.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
-$4.96M |
| 2 |
Morgan Stanley
New York
|
-$3.44M |
| 3 |
Millennium Management
New York
|
-$3.03M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$2.86M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.7M |
BNFT Hedge Fund Activity: Q2 2016 in Review
88 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q2 2016, worth a combined $894M — up 18% from $761M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BNFT positions and 11 closed out — a net gain of 3 holders — while 35 added to existing stakes and 27 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $6.75M. The largest seller was Manning & Napier Advisors, cutting an estimated $4.96M.
- 88 institutional investors held Benefitfocus, Inc. (BNFT) as of Q2 2016, up from 86 in Q1 2016.
- Funds reported $894M of Benefitfocus, Inc. stock for Q2 2016, up 18% quarter-over-quarter.
- 14 funds opened new Benefitfocus, Inc. positions in Q2 2016 and 11 closed out, a net change of +3 holders.
- The largest Benefitfocus, Inc. buyer in Q2 2016 was Lord, Abbett & Co, an estimated $6.75M added.
- The largest Benefitfocus, Inc. seller in Q2 2016 was Manning & Napier Advisors, an estimated $4.96M sold.
Based on aggregated 13F filings for Q2 2016.