Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
106 hedge funds and large institutions have $392M invested in Benefitfocus, Inc. in 2021 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 29 increasing their positions, 40 reducing their positions, and 15 closing their positions.
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
6% more capital invested
Capital invested by funds: $370M → $392M (+$21.5M)
3% more funds holding
Funds holding: 103 → 106 (+3)
1.23% more ownership
Funds ownership: 82.49% → 83.72% (+1.2%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
28% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 40
97% less call options, than puts
Call options by funds: $249K | Put options by funds: $7.81M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$32.4M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$6.86M |
| 3 |
Renaissance Technologies
New York
|
+$3.91M |
| 4 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$2.95M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$2.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Toronado Partners
San Francisco,
California
|
-$11.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$10.1M |
| 3 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
-$6.99M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$3.36M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$3.2M |
BNFT Hedge Fund Activity: Q2 2021 in Review
106 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q2 2021, worth a combined $392M — up 5.8% from $370M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BNFT positions and 15 closed out — a net gain of 3 holders — while 29 added to existing stakes and 40 trimmed.
The largest buyer was Archon Capital Management, opening a new position worth an estimated $32.4M. The largest seller was Toronado Partners, exiting entirely with an estimated $11.4M sold.
- 106 institutional investors held Benefitfocus, Inc. (BNFT) as of Q2 2021, up from 103 in Q1 2021.
- Funds reported $392M of Benefitfocus, Inc. stock for Q2 2021, up 5.8% quarter-over-quarter.
- 18 funds opened new Benefitfocus, Inc. positions in Q2 2021 and 15 closed out, a net change of +3 holders.
- The largest Benefitfocus, Inc. buyer in Q2 2021 was Archon Capital Management, an estimated $32.4M added.
- The largest Benefitfocus, Inc. seller in Q2 2021 was Toronado Partners, an estimated $11.4M sold.
Based on aggregated 13F filings for Q2 2021.