Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
85 hedge funds and large institutions have $902M invested in Benefitfocus, Inc. in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 36 increasing their positions, 24 reducing their positions, and 16 closing their positions.
516% more call options, than puts
Call options by funds: $1.66M | Put options by funds: $269K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 24
6% less capital invested
Capital invested by funds: $958M → $902M (-$56.1M)
11% less funds holding
Funds holding: 95 → 85 (-10)
63% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.5M |
| 2 |
DGI
Discovery Group I
Chicago,
Illinois
|
+$10.5M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$7.65M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$6.12M |
| 5 |
BlackRock
New York
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$12.7M |
| 2 |
Renaissance Technologies
New York
|
-$5.45M |
| 3 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
-$4.16M |
| 4 |
Two Sigma Investments
New York
|
-$4.11M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Creative Planning
Overland Park,
Kansas
| – | -$2K | -54 | Closed |
|
BNFT Hedge Fund Activity: Q3 2017 in Review
85 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2017, worth a combined $902M — down 5.9% from $958M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BNFT and 6 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 36 added.
The largest buyer was Vanguard Group, adding an estimated $11.5M. The largest seller was Frontier Capital Management, cutting an estimated $12.7M.
- 85 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2017, down from 95 in Q2 2017.
- Funds reported $902M of Benefitfocus, Inc. stock for Q3 2017, down 5.9% quarter-over-quarter.
- 6 funds opened new Benefitfocus, Inc. positions in Q3 2017 and 16 closed out, a net change of -10 holders.
- The largest Benefitfocus, Inc. buyer in Q3 2017 was Vanguard Group, an estimated $11.5M added.
- The largest Benefitfocus, Inc. seller in Q3 2017 was Frontier Capital Management, an estimated $12.7M sold.
Based on aggregated 13F filings for Q3 2017.