eHealth
EHTH
96 hedge funds and large institutions have $433M invested in eHealth in 2014 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 30 increasing their positions, 37 reducing their positions, and 34 closing their positions.
19% less funds holding
Funds holding: 118 → 96 (-22)
19% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 37
41% less capital invested
Capital invested by funds: $735M → $433M (-$302M)
62% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 34
83% less call options, than puts
Call options by funds: $1.15M | Put options by funds: $6.75M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DM
Deerfield Management
New York
|
+$25.7M |
| 2 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
+$13.6M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$7.76M |
| 4 |
EIP
Epoch Investment Partners
New York
|
+$6.12M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$5.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HM
HealthCor Management
New York
|
-$61.7M |
| 2 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$22M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$10.8M |
| 4 |
CCI
Columbus Circle Investors
|
-$10.7M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$6.5M |
EHTH Hedge Fund Activity: Q3 2014 in Review
96 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in eHealth (EHTH) for Q3 2014, worth a combined $433M — down 41% from $735M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of EHTH and 13 opened new positions — a net loss of 21 holders — while 37 trimmed existing stakes and 30 added.
The largest buyer was Deerfield Management, adding an estimated $25.7M. The largest seller was HealthCor Management, exiting entirely with an estimated $61.7M sold.
- 96 institutional investors held eHealth (EHTH) as of Q3 2014, down from 118 in Q2 2014.
- Funds reported $433M of eHealth stock for Q3 2014, down 41% quarter-over-quarter.
- 13 funds opened new eHealth positions in Q3 2014 and 34 closed out, a net change of -21 holders.
- The largest eHealth buyer in Q3 2014 was Deerfield Management, an estimated $25.7M added.
- The largest eHealth seller in Q3 2014 was HealthCor Management, an estimated $61.7M sold.
Based on aggregated 13F filings for Q3 2014.