Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
104 hedge funds and large institutions have $296M invested in Benefitfocus, Inc. in 2022 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 31 closing their positions.
66% more capital invested
Capital invested by funds: $178M → $296M (+$118M)
52% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 31
14% more funds holding
Funds holding: 91 → 104 (+13)
8% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 24
21% less call options, than puts
Call options by funds: $2.36M | Put options by funds: $3.01M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
+$15.2M |
| 2 |
D.E. Shaw & Co
New York
|
+$12.9M |
| 3 |
VI
Versor Investments
New York
|
+$10.9M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$10.3M |
| 5 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
+$9.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archon Capital Management
Seattle,
Washington
|
-$20.8M |
| 2 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$19.7M |
| 3 |
LLL
Lynrock Lake LP
Rye Brook,
New York
|
-$11.4M |
| 4 |
NIM
Needham Investment Management
New York
|
-$7.56M |
| 5 |
TM
Tikvah Management
Charlotte,
North Carolina
|
-$6.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Vontobel Holding
Zurich,
Switzerland
| – | -$92K | -14,500 | Closed |
|
127
UBS AM
Chicago,
Illinois
| – | -$83.3K | -13,124 | Closed |
|
128
Wolverine Trading
Chicago,
Illinois
| – | -$118K | -13,101 | Closed |
|
129
AQR Capital Management
Greenwich,
Connecticut
| – | -$68K | -10,751 | Closed |
|
|
CM
130
Caption Management
Oklahoma City,
Oklahoma
| – | -$59K | -9,322 | Closed |
|
|
GCM
131
Gladius Capital Management
Chicago,
Illinois
| – | -$57K | -8,871 | Closed |
|
132
Russell Investments Group
London,
United Kingdom
| – | -$53K | -8,692 | Closed |
|
133
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$9K | -1,473 | Closed |
|
134
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$8K | -1,324 | Closed |
|
135
Osaic Holdings
Scottsdale,
Arizona
| – | -$2K | -300 | Closed |
|
BNFT Hedge Fund Activity: Q4 2022 in Review
104 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q4 2022, worth a combined $296M — up 66% from $178M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new BNFT positions and 31 closed out — a net gain of 16 holders — while 26 added to existing stakes and 24 trimmed.
The largest buyer was Beryl Capital Management, opening a new position worth an estimated $15.2M. The largest seller was Archon Capital Management, exiting entirely with an estimated $20.8M sold.
- 104 institutional investors held Benefitfocus, Inc. (BNFT) as of Q4 2022, up from 91 in Q3 2022.
- Funds reported $296M of Benefitfocus, Inc. stock for Q4 2022, up 66% quarter-over-quarter.
- 47 funds opened new Benefitfocus, Inc. positions in Q4 2022 and 31 closed out, a net change of +16 holders.
- The largest Benefitfocus, Inc. buyer in Q4 2022 was Beryl Capital Management, an estimated $15.2M added.
- The largest Benefitfocus, Inc. seller in Q4 2022 was Archon Capital Management, an estimated $20.8M sold.
Based on aggregated 13F filings for Q4 2022.