Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
111 hedge funds and large institutions have $291M invested in Benefitfocus, Inc. in 2021 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 36 reducing their positions, and 14 closing their positions.
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
4% more funds holding
Funds holding: 107 → 111 (+4)
8% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 36
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.03% less ownership
Funds ownership: 81.61% → 81.57% (-0.03%)
4% less capital invested
Capital invested by funds: $301M → $291M (-$10.6M)
65% less call options, than puts
Call options by funds: $785K | Put options by funds: $2.25M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LLL
Lynrock Lake LP
Rye Brook,
New York
|
+$8.22M |
| 2 |
NIM
Needham Investment Management
New York
|
+$2.31M |
| 3 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$1.93M |
| 4 |
ONPI
Owls Nest Partners IA
Chadds Ford,
Pennsylvania
|
+$1.82M |
| 5 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$13.8M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.97M |
| 3 |
Morgan Stanley
New York
|
-$1.96M |
| 4 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
-$1.85M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.67M |
BNFT Hedge Fund Activity: Q4 2021 in Review
111 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q4 2021, worth a combined $291M — down 3.5% from $301M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BNFT positions and 14 closed out — a net gain of 4 holders — while 39 added to existing stakes and 36 trimmed.
The largest buyer was Lynrock Lake LP, adding an estimated $8.22M. The largest seller was ArrowMark Colorado Holdings, exiting entirely with an estimated $13.8M sold.
- 111 institutional investors held Benefitfocus, Inc. (BNFT) as of Q4 2021, up from 107 in Q3 2021.
- Funds reported $291M of Benefitfocus, Inc. stock for Q4 2021, down 3.5% quarter-over-quarter.
- 18 funds opened new Benefitfocus, Inc. positions in Q4 2021 and 14 closed out, a net change of +4 holders.
- The largest Benefitfocus, Inc. buyer in Q4 2021 was Lynrock Lake LP, an estimated $8.22M added.
- The largest Benefitfocus, Inc. seller in Q4 2021 was ArrowMark Colorado Holdings, an estimated $13.8M sold.
Based on aggregated 13F filings for Q4 2021.