Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
106 hedge funds and large institutions have $267M invested in Benefitfocus, Inc. in 2021 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 30 increasing their positions, 37 reducing their positions, and 19 closing their positions.
0% more funds holding
Funds holding: 106 → 106 (0)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 19
19% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 37
23% less capital invested
Capital invested by funds: $348M → $267M (-$81.1M)
72% less call options, than puts
Call options by funds: $1.59M | Put options by funds: $5.76M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$10.1M |
| 2 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$9.95M |
| 3 |
LLL
Lynrock Lake LP
Rye Brook,
New York
|
+$9.59M |
| 4 |
NIM
Needham Investment Management
New York
|
+$4.68M |
| 5 |
HCM
Horrell Capital Management
Little Rock,
Arkansas
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancient Art
Austin,
Texas
|
-$13.2M |
| 2 |
FAM
Fred Alger Management
New York
|
-$5.55M |
| 3 |
BlackRock
New York
|
-$4.87M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.43M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.98M |
BNFT Hedge Fund Activity: Q3 2021 in Review
106 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2021, worth a combined $267M — down 23% from $348M a quarter earlier.
Fund positioning in BNFT was balanced in Q3 2021: 19 funds opened new positions, 19 closed out, 30 added to existing stakes and 37 trimmed.
The largest buyer was Archon Capital Management, adding an estimated $10.1M. The largest seller was Ancient Art, exiting entirely with an estimated $13.2M sold.
- 106 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2021, unchanged from Q2 2021.
- Funds reported $267M of Benefitfocus, Inc. stock for Q3 2021, down 23% quarter-over-quarter.
- 19 funds opened new Benefitfocus, Inc. positions in Q3 2021 and 19 closed out, a net change of 0 holders.
- The largest Benefitfocus, Inc. buyer in Q3 2021 was Archon Capital Management, an estimated $10.1M added.
- The largest Benefitfocus, Inc. seller in Q3 2021 was Ancient Art, an estimated $13.2M sold.
Based on aggregated 13F filings for Q3 2021.