Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
70 hedge funds and large institutions have $518M invested in Benefitfocus, Inc. in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
42% more call options, than puts
Call options by funds: $3.11M | Put options by funds: $2.19M
33% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 21
9% more funds holding
Funds holding: 64 → 70 (+6)
43% less capital invested
Capital invested by funds: $902M → $518M (-$383M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$18.6M |
| 2 |
BAMCO Inc
New York
|
+$12.3M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$11.4M |
| 4 |
Millennium Management
New York
|
+$8.78M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$8.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$104M |
| 2 |
GC
GMT Capital
Atlanta,
Georgia
|
-$4.8M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$3.38M |
| 4 |
CCI
Columbus Circle Investors
|
-$2.82M |
| 5 |
PC
Pier Capital
Stamford,
Connecticut
|
-$2.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QT
76
Quantbot Technologies
New York
| – | -$73K | -1,600 | Closed |
|
|
VFA
77
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$19K | -418 | Closed |
|
78
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$6K | -130 | Closed |
|
BNFT Hedge Fund Activity: Q3 2014 in Review
70 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2014, worth a combined $518M — down 43% from $902M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BNFT positions and 8 closed out — a net gain of 7 holders — while 28 added to existing stakes and 21 trimmed.
The largest buyer was Federated Hermes, opening a new position worth an estimated $18.6M. The largest seller was Goldman Sachs, cutting an estimated $104M.
- 70 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2014, up from 64 in Q2 2014.
- Funds reported $518M of Benefitfocus, Inc. stock for Q3 2014, down 43% quarter-over-quarter.
- 15 funds opened new Benefitfocus, Inc. positions in Q3 2014 and 8 closed out, a net change of +7 holders.
- The largest Benefitfocus, Inc. buyer in Q3 2014 was Federated Hermes, an estimated $18.6M added.
- The largest Benefitfocus, Inc. seller in Q3 2014 was Goldman Sachs, an estimated $104M sold.
Based on aggregated 13F filings for Q3 2014.