Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
104 hedge funds and large institutions have $355M invested in Benefitfocus, Inc. in 2022 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 44 reducing their positions, and 17 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
22% more capital invested
Capital invested by funds: $291M → $355M (+$64.3M)
2.39% more ownership
Funds ownership: 81.57% → 83.96% (+2.4%)
6% less funds holding
Funds holding: 111 → 104 (-7)
25% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 44
35% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 17
93% less call options, than puts
Call options by funds: $222K | Put options by funds: $3.07M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCG
Siris Capital Group
New York
|
+$8.93M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$7.01M |
| 3 |
PCM
Potomac Capital Management
New York
|
+$1.5M |
| 4 |
BlackRock
New York
|
+$1.11M |
| 5 |
Goldman Sachs
New York
|
+$922K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
-$1.89M |
| 2 |
Millennium Management
New York
|
-$1.42M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.31M |
| 4 |
NIM
Needham Investment Management
New York
|
-$1.23M |
| 5 |
Two Sigma Investments
New York
|
-$953K |
BNFT Hedge Fund Activity: Q1 2022 in Review
104 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2022, worth a combined $355M — up 22% from $291M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BNFT and 11 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 33 added.
The largest buyer was Siris Capital Group, adding an estimated $8.93M. The largest seller was VIEX Capital Advisors, cutting an estimated $1.89M.
- 104 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2022, down from 111 in Q4 2021.
- Funds reported $355M of Benefitfocus, Inc. stock for Q1 2022, up 22% quarter-over-quarter.
- 11 funds opened new Benefitfocus, Inc. positions in Q1 2022 and 17 closed out, a net change of -6 holders.
- The largest Benefitfocus, Inc. buyer in Q1 2022 was Siris Capital Group, an estimated $8.93M added.
- The largest Benefitfocus, Inc. seller in Q1 2022 was VIEX Capital Advisors, an estimated $1.89M sold.
Based on aggregated 13F filings for Q1 2022.