Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
112 hedge funds and large institutions have $759M invested in Benefitfocus, Inc. in 2019 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 40 reducing their positions, and 18 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
9% more call options, than puts
Call options by funds: $3.75M | Put options by funds: $3.44M
8% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 40
3% less funds holding
Funds holding: 116 → 112 (-4)
12% less capital invested
Capital invested by funds: $868M → $759M (-$108M)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$56.5M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$10.5M |
| 3 |
FA
Friess Associates
Greenville,
Delaware
|
+$7.5M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$6.99M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$6.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$32.2M |
| 2 |
PC
Polar Capital
London,
United Kingdom
|
-$9.12M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$8.88M |
| 4 |
D.E. Shaw & Co
New York
|
-$8.23M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$6.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$111K | -4,085 | Closed |
|
|
NIT
127
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$41K | -1,501 | Closed |
|
|
CG
128
Cutler Group
San Francisco,
California
| – | -$23.1K | -900 | Closed |
|
|
OIA
129
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$16K | -602 | Closed |
|
BNFT Hedge Fund Activity: Q3 2019 in Review
112 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2019, worth a combined $759M — down 12% from $868M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BNFT and 15 opened new positions — a net loss of 3 holders — while 40 trimmed existing stakes and 43 added.
The largest buyer was Brown Brothers Harriman & Co, opening a new position worth an estimated $56.5M. The largest seller was Artisan Partners, exiting entirely with an estimated $32.2M sold.
- 112 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2019, down from 116 in Q2 2019.
- Funds reported $759M of Benefitfocus, Inc. stock for Q3 2019, down 12% quarter-over-quarter.
- 15 funds opened new Benefitfocus, Inc. positions in Q3 2019 and 18 closed out, a net change of -3 holders.
- The largest Benefitfocus, Inc. buyer in Q3 2019 was Brown Brothers Harriman & Co, an estimated $56.5M added.
- The largest Benefitfocus, Inc. seller in Q3 2019 was Artisan Partners, an estimated $32.2M sold.
Based on aggregated 13F filings for Q3 2019.