Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
100 hedge funds and large institutions have $222M invested in Benefitfocus, Inc. in 2022 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 31 reducing their positions, and 10 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 31
4% less funds holding
Funds holding: 104 → 100 (-4)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
38% less capital invested
Capital invested by funds: $355M → $222M (-$133M)
88% less call options, than puts
Call options by funds: $348K | Put options by funds: $2.93M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$1.91M |
| 2 |
GC
Globeflex Capital
San Diego,
California
|
+$1.48M |
| 3 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$1.39M |
| 4 |
LLL
Lynrock Lake LP
Rye Brook,
New York
|
+$1.28M |
| 5 |
RP
Repertoire Partners
New York
|
+$800K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$914K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$868K |
| 3 |
Two Sigma Investments
New York
|
-$761K |
| 4 |
State Street
Boston,
Massachusetts
|
-$712K |
| 5 |
Morgan Stanley
New York
|
-$652K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
101
Caprock Group
Boise,
Idaho
| – | -$402K | -31,890 | Closed |
|
102
Ameriprise
Minneapolis,
Minnesota
| – | -$389K | -30,820 | Closed |
|
|
NC
103
NinePointTwo Capital
Los Angeles,
California
| – | -$379K | -30,074 | Closed |
|
|
PI
104
Putnam Investments
Boston,
Massachusetts
| – | -$314K | -24,804 | Closed |
|
|
CCIA
105
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$185K | -14,682 | Closed |
|
|
OQS
106
Occudo Quantitative Strategies
Fort Lauderdale,
Florida
| – | -$148K | -11,745 | Closed |
|
|
SOW
107
State of Wyoming
Cheyenne,
Wyoming
| – | -$93K | -7,334 | Closed |
|
|
PA
108
Parallel Advisors
San Francisco,
California
| – | -$28K | -2,234 | Closed |
|
109
Fidelity Investments
Boston,
Massachusetts
| – | -$1.4K | -142 | -76% |
|
BNFT Hedge Fund Activity: Q2 2022 in Review
100 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q2 2022, worth a combined $222M — down 38% from $355M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BNFT and 9 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 37 added.
The largest buyer was Federated Hermes, adding an estimated $1.91M. The largest seller was Dimensional Fund Advisors, cutting an estimated $914K.
- 100 institutional investors held Benefitfocus, Inc. (BNFT) as of Q2 2022, down from 104 in Q1 2022.
- Funds reported $222M of Benefitfocus, Inc. stock for Q2 2022, down 38% quarter-over-quarter.
- 9 funds opened new Benefitfocus, Inc. positions in Q2 2022 and 10 closed out, a net change of -1 holder.
- The largest Benefitfocus, Inc. buyer in Q2 2022 was Federated Hermes, an estimated $1.91M added.
- The largest Benefitfocus, Inc. seller in Q2 2022 was Dimensional Fund Advisors, an estimated $914K sold.
Based on aggregated 13F filings for Q2 2022.