Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
110 hedge funds and large institutions have $252M invested in Benefitfocus, Inc. in 2020 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 25 reducing their positions, and 26 closing their positions.
84% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 25
78% more call options, than puts
Call options by funds: $840K | Put options by funds: $473K
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
3% less funds holding
Funds holding: 113 → 110 (-3)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
63% less capital invested
Capital invested by funds: $690M → $252M (-$438M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$13.7M |
| 2 |
Morgan Stanley
New York
|
+$10.1M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$8.12M |
| 4 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$7.19M |
| 5 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$4.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$55M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$50.5M |
| 3 |
BlackRock
New York
|
-$6.31M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.39M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.97M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIFH
126
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
| – | -$72K | -3,284 | Closed |
|
127
UBS Group
Zurich,
Switzerland
| – | -$53K | -2,434 | Closed |
|
128
Simplex Trading
Chicago,
Illinois
| – | -$35.5K | -2,342 | Closed |
|
|
P8IP
129
Pier 88 Investment Partners
San Francisco,
California
| – | -$46K | -2,100 | Closed |
|
|
TRCT
130
Tower Research Capital (TRC)
New York
| – | -$34K | -1,545 | Closed |
|
|
HCA
131
Horan Capital Advisors
Cincinnati,
Ohio
| – | -$4K | -200 | Closed |
|
|
PCM
132
Prelude Capital Management
New York
| – | -$2K | -100 | Closed |
|
|
AAP
133
Arax Advisory Partners
Denver,
Colorado
| – | -$1K | -58 | Closed |
|
134
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$212 | +14 | New |
|
|
LC
135
Lindbrook Capital
Calabasas,
California
| – | +$698 | +46 | New |
|
BNFT Hedge Fund Activity: Q1 2020 in Review
110 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2020, worth a combined $252M — down 63% from $690M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of BNFT and 25 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 46 added.
The largest buyer was ArrowMark Colorado Holdings, adding an estimated $13.7M. The largest seller was BAMCO Inc, cutting an estimated $55M.
- 110 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2020, down from 113 in Q4 2019.
- Funds reported $252M of Benefitfocus, Inc. stock for Q1 2020, down 63% quarter-over-quarter.
- 25 funds opened new Benefitfocus, Inc. positions in Q1 2020 and 26 closed out, a net change of -1 holder.
- The largest Benefitfocus, Inc. buyer in Q1 2020 was ArrowMark Colorado Holdings, an estimated $13.7M added.
- The largest Benefitfocus, Inc. seller in Q1 2020 was BAMCO Inc, an estimated $55M sold.
Based on aggregated 13F filings for Q1 2020.