Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
67 hedge funds and large institutions have $847M invested in Benefitfocus, Inc. in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 12 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 18
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
1% less funds holding
Funds holding: 68 → 67 (-1)
18% less capital invested
Capital invested by funds: $1.03B → $847M (-$183M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
+$32M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$16.3M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$14.9M |
| 4 |
PC
Pier Capital
Stamford,
Connecticut
|
+$5.07M |
| 5 |
TI
Turner Investments
Berwyn,
Pennsylvania
|
+$4.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$31.3M |
| 2 |
Alkeon Capital Management
New York
|
-$18.3M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$8.03M |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
-$7.04M |
| 5 |
CCM
Crestwood Capital Management
New York
|
-$2.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SO
76
STRS Ohio
Columbus,
Ohio
| – | -$126K | -2,000 | Closed |
|
|
BJ
77
BlackRock Japan
Tokyo,
Japan
| – | -$77K | -1,333 | Closed |
|
78
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$67K | -1,161 | Closed |
|
79
Bank of America
Charlotte,
North Carolina
| – | +$565 | +9 | New |
|
BNFT Hedge Fund Activity: Q1 2014 in Review
67 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2014, worth a combined $847M — down 18% from $1.03B a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BNFT positions and 12 closed out — a net gain of 2 holders — while 28 added to existing stakes and 18 trimmed.
The largest buyer was BAMCO Inc, adding an estimated $32M. The largest seller was TimesSquare Capital Management, exiting entirely with an estimated $31.3M sold.
- 67 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2014, down from 68 in Q4 2013.
- Funds reported $847M of Benefitfocus, Inc. stock for Q1 2014, down 18% quarter-over-quarter.
- 14 funds opened new Benefitfocus, Inc. positions in Q1 2014 and 12 closed out, a net change of +2 holders.
- The largest Benefitfocus, Inc. buyer in Q1 2014 was BAMCO Inc, an estimated $32M added.
- The largest Benefitfocus, Inc. seller in Q1 2014 was TimesSquare Capital Management, an estimated $31.3M sold.
Based on aggregated 13F filings for Q1 2014.