Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
106 hedge funds and large institutions have $298M invested in Benefitfocus, Inc. in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 21 increasing their positions, 51 reducing their positions, and 23 closing their positions.
159% more call options, than puts
Call options by funds: $409K | Put options by funds: $158K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1% more capital invested
Capital invested by funds: $296M → $298M (+$2.21M)
7% less funds holding
Funds holding: 114 → 106 (-8)
30% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 23
59% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$17.7M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
+$7.32M |
| 3 |
TP
Toronado Partners
San Francisco,
California
|
+$3.35M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$3.06M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$10.6M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$10.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.25M |
| 4 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$4.21M |
| 5 |
HF
HRT Financial
New York
|
-$1.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$1K | -3 | Closed |
|
|
SFS
127
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$307 | +28 | New |
|
BNFT Hedge Fund Activity: Q3 2020 in Review
106 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2020, worth a combined $298M — up 0.75% from $296M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of BNFT and 16 opened new positions — a net loss of 7 holders — while 51 trimmed existing stakes and 21 added.
The largest buyer was Indaba Capital Management, opening a new position worth an estimated $17.7M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $10.6M.
- 106 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2020, down from 114 in Q2 2020.
- Funds reported $298M of Benefitfocus, Inc. stock for Q3 2020, up 0.75% quarter-over-quarter.
- 16 funds opened new Benefitfocus, Inc. positions in Q3 2020 and 23 closed out, a net change of -7 holders.
- The largest Benefitfocus, Inc. buyer in Q3 2020 was Indaba Capital Management, an estimated $17.7M added.
- The largest Benefitfocus, Inc. seller in Q3 2020 was ArrowMark Colorado Holdings, an estimated $10.6M sold.
Based on aggregated 13F filings for Q3 2020.