Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
99 hedge funds and large institutions have $731M invested in Benefitfocus, Inc. in 2016 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 32 increasing their positions, 27 reducing their positions, and 25 closing their positions.
25% more call options, than puts
Call options by funds: $2.76M | Put options by funds: $2.21M
19% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 27
2.24% more ownership
Funds ownership: 80.45% → 82.69% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 25
2% less funds holding
Funds holding: 101 → 99 (-2)
24% less capital invested
Capital invested by funds: $955M → $731M (-$225M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$64M |
| 2 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$31.4M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$26.9M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$12.6M |
| 5 |
DGI
Discovery Group I
Chicago,
Illinois
|
+$6.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$47.5M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$45.7M |
| 3 |
O
OppenheimerFunds
New York
|
-$22.9M |
| 4 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$15M |
| 5 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
-$12.2M |
BNFT Hedge Fund Activity: Q4 2016 in Review
99 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q4 2016, worth a combined $731M — down 24% from $955M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of BNFT and 24 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 32 added.
The largest buyer was Fidelity Investments, adding an estimated $64M. The largest seller was Victory Capital Management, exiting entirely with an estimated $47.5M sold.
- 99 institutional investors held Benefitfocus, Inc. (BNFT) as of Q4 2016, down from 101 in Q3 2016.
- Funds reported $731M of Benefitfocus, Inc. stock for Q4 2016, down 24% quarter-over-quarter.
- 24 funds opened new Benefitfocus, Inc. positions in Q4 2016 and 25 closed out, a net change of -1 holder.
- The largest Benefitfocus, Inc. buyer in Q4 2016 was Fidelity Investments, an estimated $64M added.
- The largest Benefitfocus, Inc. seller in Q4 2016 was Victory Capital Management, an estimated $47.5M sold.
Based on aggregated 13F filings for Q4 2016.