Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
76 hedge funds and large institutions have $729M invested in Benefitfocus, Inc. in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 17 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less funds holding
Funds holding: 85 → 76 (-9)
19% less capital invested
Capital invested by funds: $902M → $729M (-$173M)
47% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 17
49% less call options, than puts
Call options by funds: $692K | Put options by funds: $1.35M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$13.1M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$8.68M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$7.98M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$3.62M |
| 5 |
BlackRock
New York
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$5.04M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$4.22M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.77M |
| 4 |
BAMCO Inc
New York
|
-$2.76M |
| 5 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
-$2.41M |
BNFT Hedge Fund Activity: Q4 2017 in Review
76 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q4 2017, worth a combined $729M — down 19% from $902M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BNFT and 9 opened new positions — a net loss of 8 holders — while 22 trimmed existing stakes and 32 added.
The largest buyer was Frontier Capital Management, adding an estimated $13.1M. The largest seller was Citadel Advisors, cutting an estimated $5.04M.
- 76 institutional investors held Benefitfocus, Inc. (BNFT) as of Q4 2017, down from 85 in Q3 2017.
- Funds reported $729M of Benefitfocus, Inc. stock for Q4 2017, down 19% quarter-over-quarter.
- 9 funds opened new Benefitfocus, Inc. positions in Q4 2017 and 17 closed out, a net change of -8 holders.
- The largest Benefitfocus, Inc. buyer in Q4 2017 was Frontier Capital Management, an estimated $13.1M added.
- The largest Benefitfocus, Inc. seller in Q4 2017 was Citadel Advisors, an estimated $5.04M sold.
Based on aggregated 13F filings for Q4 2017.