Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
139 hedge funds and large institutions have $1.59B invested in Benefitfocus, Inc. in 2019 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 66 increasing their positions, 21 reducing their positions, and 24 closing their positions.
214% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 21
67% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 24
26% more capital invested
Capital invested by funds: $1.26B → $1.59B (+$331M)
12% more funds holding
Funds holding: 124 → 139 (+15)
12% less call options, than puts
Call options by funds: $3.01M | Put options by funds: $3.41M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$49.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$34.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$32.1M |
| 4 |
BlackRock
New York
|
+$28.9M |
| 5 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$24.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$191M |
| 2 |
ECM
Element Capital Management
New York
|
-$3.92M |
| 3 |
FA
Friess Associates
Greenville,
Delaware
|
-$3.86M |
| 4 |
LCG
Lisanti Capital Growth
New York
|
-$2.65M |
| 5 |
EGM
Engineers Gate Manager
New York
|
-$2.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
151
Algert Global
San Francisco,
California
| – | -$399K | -8,736 | Closed |
|
152
Squarepoint
New York
| – | -$363K | -7,939 | Closed |
|
|
BCM
153
Bayesian Capital Management
Brooklyn,
New York
| – | -$340K | -7,445 | Closed |
|
|
SCA
154
Secor Capital Advisors
New York
| – | -$323K | -7,075 | Closed |
|
|
ZIM
155
Zacks Investment Management
Chicago,
Illinois
| – | -$282K | -6,163 | Closed |
|
|
CG
156
Cutler Group
San Francisco,
California
| – | -$256K | -5,000 | Closed |
|
|
II
157
Ibex Investors
Denver,
Colorado
| – | -$226K | -4,950 | Closed |
|
|
HI
158
HBK Investments
Dallas,
Texas
| – | -$219K | -4,800 | Closed |
|
159
Parallax Volatility Advisers
San Francisco,
California
| – | -$105K | -2,300 | Closed |
|
|
PHK
160
Point72 Hong Kong
Hong Kong
| – | -$18K | -392 | Closed |
|
|
FIA
161
FNY Investment Advisers
New York
| – | -$10K | -228 | Closed |
|
|
NFG
162
Next Financial Group
Houston,
Texas
| – | -$10K | -220 | Closed |
|
|
QT
163
Quantamental Technologies
White Plains,
New York
| – | -$1K | -17 | Closed |
|
BNFT Hedge Fund Activity: Q1 2019 in Review
139 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2019, worth a combined $1.59B — up 26% from $1.26B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new BNFT positions and 24 closed out — a net gain of 16 holders — while 66 added to existing stakes and 21 trimmed.
The largest buyer was Millennium Management, adding an estimated $49.6M. The largest seller was Goldman Sachs, cutting an estimated $191M.
- 139 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2019, up from 124 in Q4 2018.
- Funds reported $1.59B of Benefitfocus, Inc. stock for Q1 2019, up 26% quarter-over-quarter.
- 40 funds opened new Benefitfocus, Inc. positions in Q1 2019 and 24 closed out, a net change of +16 holders.
- The largest Benefitfocus, Inc. buyer in Q1 2019 was Millennium Management, an estimated $49.6M added.
- The largest Benefitfocus, Inc. seller in Q1 2019 was Goldman Sachs, an estimated $191M sold.
Based on aggregated 13F filings for Q1 2019.