Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
86 hedge funds and large institutions have $761M invested in Benefitfocus, Inc. in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 18 closing their positions.
116% more call options, than puts
Call options by funds: $3.11M | Put options by funds: $1.44M
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less capital invested
Capital invested by funds: $809M → $761M (-$48M)
8% less funds holding
Funds holding: 93 → 86 (-7)
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
RS Investment Management
San Francisco,
California
|
+$33.5M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$12.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.32M |
| 4 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
+$4.17M |
| 5 |
BAMCO Inc
New York
|
+$3.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$20.6M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$7.63M |
| 3 |
CM
Castleark Management
Chicago,
Illinois
|
-$5.38M |
| 4 |
GC
GMT Capital
Atlanta,
Georgia
|
-$5.29M |
| 5 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$2.93M |
BNFT Hedge Fund Activity: Q1 2016 in Review
86 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2016, worth a combined $761M — down 5.9% from $809M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BNFT and 11 opened new positions — a net loss of 7 holders — while 26 trimmed existing stakes and 33 added.
The largest buyer was RS Investment Management, opening a new position worth an estimated $33.5M. The largest seller was Lord, Abbett & Co, cutting an estimated $20.6M.
- 86 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2016, down from 93 in Q4 2015.
- Funds reported $761M of Benefitfocus, Inc. stock for Q1 2016, down 5.9% quarter-over-quarter.
- 11 funds opened new Benefitfocus, Inc. positions in Q1 2016 and 18 closed out, a net change of -7 holders.
- The largest Benefitfocus, Inc. buyer in Q1 2016 was RS Investment Management, an estimated $33.5M added.
- The largest Benefitfocus, Inc. seller in Q1 2016 was Lord, Abbett & Co, an estimated $20.6M sold.
Based on aggregated 13F filings for Q1 2016.