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BNFT

Benefitfocus, Inc.
BNFT

Delisted

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

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106 hedge funds and large institutions have $298M invested in Benefitfocus, Inc. in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 21 increasing their positions, 51 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

159% more call options, than puts

Call options by funds: $409K | Put options by funds: $158K

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

1% more capital invested

Capital invested by funds: $296M → $298M (+$2.21M)

7% less funds holding

Funds holding: 114 → 106 (-8)

30% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 23

59% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 51

Holders
106
Holders Change
-8
Holders Change %
-7.02%
% of All Funds
2.14%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
16
Increased
21
Reduced
51
Closed
23
Calls
$409K
Puts
$158K
Net Calls
+$251K
Net Calls Change
-$422K

Top Buyers

Rank Fund Capital Flow
1
ICM
Indaba Capital Management
California
+$17.7M
2
AA
Ancient Art
Texas
+$7.32M
3
TP
Toronado Partners
California
+$3.35M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$3.06M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$2.18M

Top Sellers

Rank Fund Capital Flow
1
ACH
ArrowMark Colorado Holdings
Colorado
-$10.6M
2
CS
Credit Suisse
Switzerland
-$10.5M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$6.25M
4
PCM
Peregrine Capital Management
Minnesota
-$4.21M
5
HF
HRT Financial
New York
-$1.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
51
Tower Research Capital (TRC)
New York
$373K +$303K +27,599 +483%
M&T Bank
52
M&T Bank
New York
$368K -$26.2K -2,390 -7%
AIM
53
Aigen Investment Management
New York
$358K -$503K -45,886 -59%
Ameriprise
54
Ameriprise
Minnesota
$356K +$16.2K +1,473 +5%
PGCM
55
Prescott Group Capital Management
Oklahoma
$336K +$329K +30,000 New
Barclays
56
Barclays
United Kingdom
$332K -$72.1K -6,574 -18%
CS
57
Credit Suisse
Switzerland
$298K -$10.5M -955,133 -97%
New York State Common Retirement Fund
58
New York State Common Retirement Fund
New York
$296K – – –
PP
59
Paloma Partners
Connecticut
$292K +$285K +26,016 New
HF
60
HRT Financial
New York
$282K -$1.94M -176,449 -87%
ZIM
61
Zacks Investment Management
Illinois
$275K -$1.02K -93 -0.4%
TC
62
TwinBeech Capital
New York
$274K +$269K +24,491 New
Balyasny Asset Management
63
Balyasny Asset Management
Illinois
$242K +$237K +21,575 New
IA
64
IndexIQ Advisors
New York
$236K +$12.6K +1,144 +6%
RJT
65
Raymond James Trust
Florida
$234K – – –
SSA
66
Schonfeld Strategic Advisors
New York
$224K -$318K -29,024 -59%
JF
67
Jump Financial
Illinois
$208K +$204K +18,600 New
Manulife (Manufacturers Life Insurance)
68
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$203K – – –
State Board of Administration of Florida Retirement System
69
State Board of Administration of Florida Retirement System
Florida
$197K – – –
AIG
70
American International Group
New York
$194K -$4.33K -395 -2%
EVM
71
Eaton Vance Management
Massachusetts
$182K – – –
Brown Advisory
72
Brown Advisory
Maryland
$168K -$156K -14,200 -49%
FMT
73
First Mercantile Trust
Tennessee
$168K -$26.6K -2,427 -13%
Invesco
74
Invesco
Georgia
$163K +$12.1K +1,105 +8%
Envestnet Asset Management
75
Envestnet Asset Management
Illinois
$159K -$34.1K -3,111 -18%
1 2
3
4 5

BNFT Hedge Fund Activity: Q3 2020 in Review

106 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2020, worth a combined $298M — up 0.75% from $296M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BNFT and 16 opened new positions — a net loss of 7 holders — while 51 trimmed existing stakes and 21 added.

The largest buyer was Indaba Capital Management, opening a new position worth an estimated $17.7M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $10.6M.

  • 106 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2020, down from 114 in Q2 2020.
  • Funds reported $298M of Benefitfocus, Inc. stock for Q3 2020, up 0.75% quarter-over-quarter.
  • 16 funds opened new Benefitfocus, Inc. positions in Q3 2020 and 23 closed out, a net change of -7 holders.
  • The largest Benefitfocus, Inc. buyer in Q3 2020 was Indaba Capital Management, an estimated $17.7M added.
  • The largest Benefitfocus, Inc. seller in Q3 2020 was ArrowMark Colorado Holdings, an estimated $10.6M sold.

Based on aggregated 13F filings for Q3 2020.