Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
116 hedge funds and large institutions have $868M invested in Benefitfocus, Inc. in 2019 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 60 increasing their positions, 22 reducing their positions, and 46 closing their positions.
173% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less funds holding
Funds holding: 139 → 116 (-23)
43% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 46
45% less capital invested
Capital invested by funds: $1.59B → $868M (-$722M)
70% less call options, than puts
Call options by funds: $1.33M | Put options by funds: $4.39M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TM
Tikvah Management
Charlotte,
North Carolina
|
+$24.2M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$23M |
| 3 |
BlackRock
New York
|
+$21.1M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$16.5M |
| 5 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$40.2M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$25.2M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$19.8M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$12.6M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
-$12.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COI
151
Connable Office Inc
Kalamazoo,
Michigan
| – | -$225K | -4,536 | Closed |
|
|
RJFSA
152
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$214K | -4,320 | Closed |
|
|
AB
153
Amalgamated Bank
New York
| – | -$202K | -4,089 | Closed |
|
154
SG Americas Securities
New York
| – | -$162K | -3,271 | Closed |
|
|
MAM
155
Meeder Asset Management
Dublin,
Ohio
| – | -$40K | -803 | Closed |
|
|
TRCT
156
Tower Research Capital (TRC)
New York
| – | -$13K | -265 | Closed |
|
|
AS
157
Altshuler Shaham
Tel Aviv,
Israel
| – | -$12K | -235 | Closed |
|
|
ASN
158
Advisory Services Network
Atlanta,
Georgia
| – | -$5K | -100 | Closed |
|
|
PCP
159
Proficio Capital Partners
Newton,
Massachusetts
| – | -$3K | -69 | Closed |
|
160
US Bancorp
Minneapolis,
Minnesota
| – | -$2K | -38 | Closed |
|
|
MNBTD
161
Moody National Bank Trust Division
Galveston,
Texas
| – | -$2K | -35 | Closed |
|
|
SPIA
162
Steward Partners Investment Advisory
New York
| – | +$1.18K | +35 | New |
|
BNFT Hedge Fund Activity: Q2 2019 in Review
116 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q2 2019, worth a combined $868M — down 45% from $1.59B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of BNFT and 26 opened new positions — a net loss of 20 holders — while 22 trimmed existing stakes and 60 added.
The largest buyer was Tikvah Management, opening a new position worth an estimated $24.2M. The largest seller was Millennium Management, cutting an estimated $40.2M.
- 116 institutional investors held Benefitfocus, Inc. (BNFT) as of Q2 2019, down from 139 in Q1 2019.
- Funds reported $868M of Benefitfocus, Inc. stock for Q2 2019, down 45% quarter-over-quarter.
- 26 funds opened new Benefitfocus, Inc. positions in Q2 2019 and 46 closed out, a net change of -20 holders.
- The largest Benefitfocus, Inc. buyer in Q2 2019 was Tikvah Management, an estimated $24.2M added.
- The largest Benefitfocus, Inc. seller in Q2 2019 was Millennium Management, an estimated $40.2M sold.
Based on aggregated 13F filings for Q2 2019.