Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
93 hedge funds and large institutions have $715M invested in Benefitfocus, Inc. in 2017 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 18 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 18
2% less capital invested
Capital invested by funds: $731M → $715M (-$15.6M)
6% less funds holding
Funds holding: 99 → 93 (-6)
100% less call options, than puts
Call options by funds: $4K | Put options by funds: $834K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$24.9M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$19M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$17.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$8.54M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$29.2M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$6.76M |
| 3 |
GC
GMT Capital
Atlanta,
Georgia
|
-$4.32M |
| 4 |
Morgan Stanley
New York
|
-$2.5M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$1.34M |
BNFT Hedge Fund Activity: Q1 2017 in Review
93 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2017, worth a combined $715M — down 2.1% from $731M a quarter earlier.
Fund positioning in BNFT was balanced in Q1 2017: 18 funds opened new positions, 18 closed out, 31 added to existing stakes and 27 trimmed.
The largest buyer was BlackRock, adding an estimated $24.9M. The largest seller was Whale Rock Capital Management, exiting entirely with an estimated $29.2M sold.
- 93 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2017, down from 99 in Q4 2016.
- Funds reported $715M of Benefitfocus, Inc. stock for Q1 2017, down 2.1% quarter-over-quarter.
- 18 funds opened new Benefitfocus, Inc. positions in Q1 2017 and 18 closed out, a net change of 0 holders.
- The largest Benefitfocus, Inc. buyer in Q1 2017 was BlackRock, an estimated $24.9M added.
- The largest Benefitfocus, Inc. seller in Q1 2017 was Whale Rock Capital Management, an estimated $29.2M sold.
Based on aggregated 13F filings for Q1 2017.