Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
103 hedge funds and large institutions have $370M invested in Benefitfocus, Inc. in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 41 reducing their positions, and 14 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0.87% less ownership
Funds ownership: 83.36% → 82.49% (-0.87%)
5% less capital invested
Capital invested by funds: $389M → $370M (-$18.4M)
3% less funds holding
Funds holding: 106 → 103 (-3)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
32% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 41
96% less call options, than puts
Call options by funds: $712K | Put options by funds: $16.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
Needham Investment Management
New York
|
+$11.3M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$4.94M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.75M |
| 4 |
JG
Jefferies Group
New York
|
+$2.19M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$10.4M |
| 2 |
Morgan Stanley
New York
|
-$4.02M |
| 3 |
FAM
Fred Alger Management
New York
|
-$2.43M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$2.26M |
| 5 |
Axa
Paris,
France
|
-$1.76M |
BNFT Hedge Fund Activity: Q1 2021 in Review
103 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2021, worth a combined $370M — down 4.7% from $389M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BNFT and 12 opened new positions — a net loss of 2 holders — while 41 trimmed existing stakes and 28 added.
The largest buyer was Needham Investment Management, adding an estimated $11.3M. The largest seller was Frontier Capital Management, exiting entirely with an estimated $10.4M sold.
- 103 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2021, down from 106 in Q4 2020.
- Funds reported $370M of Benefitfocus, Inc. stock for Q1 2021, down 4.7% quarter-over-quarter.
- 12 funds opened new Benefitfocus, Inc. positions in Q1 2021 and 14 closed out, a net change of -2 holders.
- The largest Benefitfocus, Inc. buyer in Q1 2021 was Needham Investment Management, an estimated $11.3M added.
- The largest Benefitfocus, Inc. seller in Q1 2021 was Frontier Capital Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2021.