Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
91 hedge funds and large institutions have $178M invested in Benefitfocus, Inc. in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 34 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
9% less funds holding
Funds holding: 100 → 91 (-9)
15% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 34
20% less capital invested
Capital invested by funds: $222M → $178M (-$43.4M)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
90% less call options, than puts
Call options by funds: $338K | Put options by funds: $3.34M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$2.06M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.54M |
| 3 |
ONPI
Owls Nest Partners IA
Chadds Ford,
Pennsylvania
|
+$630K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$408K |
| 5 |
PCM
Potomac Capital Management
New York
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$1.22M |
| 2 |
Goldman Sachs
New York
|
-$894K |
| 3 |
RP
Repertoire Partners
New York
|
-$631K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$622K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$609K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RA
101
Royce & Associates
New York
| – | -$82K | -10,600 | Closed |
|
|
HWM
102
HighMark Wealth Management
St. Paul,
Minnesota
| – | -$28K | -3,650 | Closed |
|
|
MLICM
103
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$12.8K | -1,643 | Closed |
|
104
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$6K | -750 | Closed |
|
|
ACM
105
Aquatic Capital Management
Chicago,
Illinois
| – | -$3K | -400 | Closed |
|
BNFT Hedge Fund Activity: Q3 2022 in Review
91 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2022, worth a combined $178M — down 20% from $222M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BNFT and 6 opened new positions — a net loss of 9 holders — while 34 trimmed existing stakes and 29 added.
The largest buyer was VIEX Capital Advisors, adding an estimated $2.06M. The largest seller was Employees Retirement System of Texas, exiting entirely with an estimated $1.22M sold.
- 91 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2022, down from 100 in Q2 2022.
- Funds reported $178M of Benefitfocus, Inc. stock for Q3 2022, down 20% quarter-over-quarter.
- 6 funds opened new Benefitfocus, Inc. positions in Q3 2022 and 15 closed out, a net change of -9 holders.
- The largest Benefitfocus, Inc. buyer in Q3 2022 was VIEX Capital Advisors, an estimated $2.06M added.
- The largest Benefitfocus, Inc. seller in Q3 2022 was Employees Retirement System of Texas, an estimated $1.22M sold.
Based on aggregated 13F filings for Q3 2022.