Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
95 hedge funds and large institutions have $958M invested in Benefitfocus, Inc. in 2017 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 36 increasing their positions, 22 reducing their positions, and 18 closing their positions.
471% more call options, than puts
Call options by funds: $2.96M | Put options by funds: $518K
64% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 22
34% more capital invested
Capital invested by funds: $715M → $958M (+$243M)
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
2% more funds holding
Funds holding: 93 → 95 (+2)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$61.4M |
| 2 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
+$7.41M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.17M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.81M |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$2.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$19.7M |
| 2 |
JP Morgan Chase
New York
|
-$17.5M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$13.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.81M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Squarepoint
New York
| – | -$457K | -16,349 | Closed |
|
102
Walleye Trading
New York
| – | -$432K | -13,461 | Closed |
|
103
SG Americas Securities
New York
| – | -$349K | -12,482 | Closed |
|
|
WBC
104
Westpac Banking Corp
Sydney,
Australia
| – | -$328K | -11,724 | Closed |
|
|
SIP
105
Stoneridge Investment Partners
Radnor,
Pennsylvania
| – | -$264K | -9,438 | Closed |
|
|
AAP
106
Ardsley Advisory Partners
Stamford,
Connecticut
| – | -$252K | -9,000 | Closed |
|
107
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$247K | -7,714 | Closed |
|
|
CM
108
Crestline Management
Fort Worth,
Texas
| – | -$209K | -7,490 | Closed |
|
109
Parallax Volatility Advisers
San Francisco,
California
| – | -$67K | -2,382 | Closed |
|
110
Simplex Trading
Chicago,
Illinois
| – | -$56.6K | -1,764 | Closed |
|
|
TRCT
111
Tower Research Capital (TRC)
New York
| – | -$10K | -363 | Closed |
|
|
PAM
112
Paradigm Asset Management
New York
| – | -$6.99K | -250 | Closed |
|
BNFT Hedge Fund Activity: Q2 2017 in Review
95 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q2 2017, worth a combined $958M — up 34% from $715M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BNFT positions and 18 closed out — a net gain of 2 holders — while 36 added to existing stakes and 22 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $61.4M. The largest seller was Credit Suisse, cutting an estimated $19.7M.
- 95 institutional investors held Benefitfocus, Inc. (BNFT) as of Q2 2017, up from 93 in Q1 2017.
- Funds reported $958M of Benefitfocus, Inc. stock for Q2 2017, up 34% quarter-over-quarter.
- 20 funds opened new Benefitfocus, Inc. positions in Q2 2017 and 18 closed out, a net change of +2 holders.
- The largest Benefitfocus, Inc. buyer in Q2 2017 was Fidelity Investments, an estimated $61.4M added.
- The largest Benefitfocus, Inc. seller in Q2 2017 was Credit Suisse, an estimated $19.7M sold.
Based on aggregated 13F filings for Q2 2017.