Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
84 hedge funds and large institutions have $622M invested in Benefitfocus, Inc. in 2015 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 37 increasing their positions, 21 reducing their positions, and 13 closing their positions.
76% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 21
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
1% less funds holding
Funds holding: 85 → 84 (-1)
11% less call options, than puts
Call options by funds: $1.86M | Put options by funds: $2.09M
28% less capital invested
Capital invested by funds: $868M → $622M (-$246M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$16.5M |
| 2 |
O
OppenheimerFunds
New York
|
+$15.9M |
| 3 |
JP Morgan Chase
New York
|
+$14.2M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$13.9M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$87.3M |
| 2 |
CCM
Cupps Capital Management
Chicago,
Illinois
|
-$5M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$4.61M |
| 4 |
Renaissance Technologies
New York
|
-$1.26M |
| 5 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$1.09M |
BNFT Hedge Fund Activity: Q3 2015 in Review
84 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2015, worth a combined $622M — down 28% from $868M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BNFT and 12 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 37 added.
The largest buyer was Frontier Capital Management, adding an estimated $16.5M. The largest seller was Goldman Sachs, cutting an estimated $87.3M.
- 84 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2015, down from 85 in Q2 2015.
- Funds reported $622M of Benefitfocus, Inc. stock for Q3 2015, down 28% quarter-over-quarter.
- 12 funds opened new Benefitfocus, Inc. positions in Q3 2015 and 13 closed out, a net change of -1 holder.
- The largest Benefitfocus, Inc. buyer in Q3 2015 was Frontier Capital Management, an estimated $16.5M added.
- The largest Benefitfocus, Inc. seller in Q3 2015 was Goldman Sachs, an estimated $87.3M sold.
Based on aggregated 13F filings for Q3 2015.