Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
81 hedge funds and large institutions have $678M invested in Benefitfocus, Inc. in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 22 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
55% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 22
7% more funds holding
Funds holding: 76 → 81 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less capital invested
Capital invested by funds: $729M → $678M (-$51.1M)
68% less call options, than puts
Call options by funds: $717K | Put options by funds: $2.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$14M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$10.3M |
| 3 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$7.87M |
| 4 |
SRFM
Shannon River Fund Management
New York
|
+$4.55M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.8M |
| 2 |
Morgan Stanley
New York
|
-$7.41M |
| 3 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
-$4.22M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.12M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$1.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Zurich Cantonal Bank
Zurich,
Switzerland
| $9K | – | – | – |
|
|
IA
77
IFP Advisors
Tampa,
Florida
| $8K | – | – | – |
|
78
Citigroup
New York
| $6K | -$2.03K | -81 | -24% |
|
|
IP
79
Intellectus Partners
San Francisco,
California
| $5K | – | – | – |
|
|
CG
80
Cutler Group
San Francisco,
California
| $2K | -$23.4K | -934 | -90% |
|
|
WCM
81
Whitener Capital Management
Rocky Mount,
North Carolina
| $1K | – | – | – |
|
|
ORI
82
Oak Ridge Investments
Chicago,
Illinois
| – | -$4.22M | -156,176 | Closed |
|
|
CIA
83
Capital Impact Advisors
Boston,
Massachusetts
| – | -$1.06M | -39,394 | Closed |
|
84
First Trust Advisors
Wheaton,
Illinois
| – | -$454K | -16,831 | Closed |
|
|
GG
85
Gofen & Glossberg
Chicago,
Illinois
| – | -$294K | -10,900 | Closed |
|
86
Parallax Volatility Advisers
San Francisco,
California
| – | -$67K | -2,478 | Closed |
|
87
Simplex Trading
Chicago,
Illinois
| – | -$10.9K | -437 | Closed |
|
88
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$3K | -105 | Closed |
|
BNFT Hedge Fund Activity: Q1 2018 in Review
81 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2018, worth a combined $678M — down 7% from $729M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BNFT positions and 7 closed out — a net gain of 5 holders — while 34 added to existing stakes and 22 trimmed.
The largest buyer was Frontier Capital Management, adding an estimated $14M. The largest seller was Fidelity Investments, cutting an estimated $15.8M.
- 81 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2018, up from 76 in Q4 2017.
- Funds reported $678M of Benefitfocus, Inc. stock for Q1 2018, down 7% quarter-over-quarter.
- 12 funds opened new Benefitfocus, Inc. positions in Q1 2018 and 7 closed out, a net change of +5 holders.
- The largest Benefitfocus, Inc. buyer in Q1 2018 was Frontier Capital Management, an estimated $14M added.
- The largest Benefitfocus, Inc. seller in Q1 2018 was Fidelity Investments, an estimated $15.8M sold.
Based on aggregated 13F filings for Q1 2018.