Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
91 hedge funds and large institutions have $178M invested in Benefitfocus, Inc. in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 33 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.77% less ownership
Funds ownership: 83.73% → 81.96% (-1.8%)
8% less funds holding
Funds holding: 99 → 91 (-8)
12% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 33
20% less capital invested
Capital invested by funds: $221M → $178M (-$43.3M)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
90% less call options, than puts
Call options by funds: $338K | Put options by funds: $3.34M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$2.06M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.54M |
| 3 |
ONPI
Owls Nest Partners IA
Chadds Ford,
Pennsylvania
|
+$630K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$408K |
| 5 |
PCM
Potomac Capital Management
New York
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$1.22M |
| 2 |
Goldman Sachs
New York
|
-$894K |
| 3 |
RP
Repertoire Partners
New York
|
-$631K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$622K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$609K |
BNFT Hedge Fund Activity: Q3 2022 in Review
91 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q3 2022, worth a combined $178M — down 20% from $221M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BNFT and 7 opened new positions — a net loss of 8 holders — while 33 trimmed existing stakes and 29 added.
The largest buyer was VIEX Capital Advisors, adding an estimated $2.06M. The largest seller was Employees Retirement System of Texas, exiting entirely with an estimated $1.22M sold.
- 91 institutional investors held Benefitfocus, Inc. (BNFT) as of Q3 2022, down from 99 in Q2 2022.
- Funds reported $178M of Benefitfocus, Inc. stock for Q3 2022, down 20% quarter-over-quarter.
- 7 funds opened new Benefitfocus, Inc. positions in Q3 2022 and 15 closed out, a net change of -8 holders.
- The largest Benefitfocus, Inc. buyer in Q3 2022 was VIEX Capital Advisors, an estimated $2.06M added.
- The largest Benefitfocus, Inc. seller in Q3 2022 was Employees Retirement System of Texas, an estimated $1.22M sold.
Based on aggregated 13F filings for Q3 2022.