Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
114 hedge funds and large institutions have $296M invested in Benefitfocus, Inc. in 2020 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 38 increasing their positions, 33 reducing their positions, and 22 closing their positions.
141% more call options, than puts
Call options by funds: $1.15M | Put options by funds: $476K
23% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 22
17% more capital invested
Capital invested by funds: $252M → $296M (+$43.7M)
15% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 33
4% more funds holding
Funds holding: 110 → 114 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Toronado Partners
San Francisco,
California
|
+$6.85M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.8M |
| 3 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$2.57M |
| 4 |
FAM
Fred Alger Management
New York
|
+$2.23M |
| 5 |
HF
HRT Financial
New York
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$8.44M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$6.49M |
| 3 |
BlackRock
New York
|
-$5.7M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
-$2.77M |
| 5 |
Two Sigma Investments
New York
|
-$1.89M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWNA
126
Marshall Wace North America
New York
| – | -$157K | -17,586 | Closed |
|
127
Squarepoint
New York
| – | -$154K | -17,283 | Closed |
|
128
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$108K | -12,100 | Closed |
|
129
Victory Capital Management
San Antonio,
Texas
| – | -$76K | -8,582 | Closed |
|
|
NIT
130
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$27K | -3,056 | Closed |
|
131
Group One Trading
Chicago,
Illinois
| – | -$5.47K | -500 | Closed |
|
|
SFS
132
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$3K | -288 | Closed |
|
|
PAG
133
Private Advisor Group
Morristown,
New Jersey
| – | +$350 | +32 | New |
|
BNFT Hedge Fund Activity: Q2 2020 in Review
114 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q2 2020, worth a combined $296M — up 17% from $252M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new BNFT positions and 22 closed out — a net gain of 5 holders — while 38 added to existing stakes and 33 trimmed.
The largest buyer was Toronado Partners, opening a new position worth an estimated $6.85M. The largest seller was Frontier Capital Management, cutting an estimated $8.44M.
- 114 institutional investors held Benefitfocus, Inc. (BNFT) as of Q2 2020, up from 110 in Q1 2020.
- Funds reported $296M of Benefitfocus, Inc. stock for Q2 2020, up 17% quarter-over-quarter.
- 27 funds opened new Benefitfocus, Inc. positions in Q2 2020 and 22 closed out, a net change of +5 holders.
- The largest Benefitfocus, Inc. buyer in Q2 2020 was Toronado Partners, an estimated $6.85M added.
- The largest Benefitfocus, Inc. seller in Q2 2020 was Frontier Capital Management, an estimated $8.44M sold.
Based on aggregated 13F filings for Q2 2020.