eHealth
EHTH
235 hedge funds and large institutions have $2.19B invested in eHealth in 2020 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 87 increasing their positions, 75 reducing their positions, and 69 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 75
1.73% less ownership
Funds ownership: 109.25% → 107.52% (-1.7%)
7% less funds holding
Funds holding: 253 → 235 (-18)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
21% less capital invested
Capital invested by funds: $2.75B → $2.19B (-$567M)
22% less call options, than puts
Call options by funds: $50M | Put options by funds: $64.3M
25% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$44.6M |
| 2 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$40.5M |
| 3 |
DM
Deerfield Management
New York
|
+$27M |
| 4 |
SDJVC
St. Denis J. Villere & Co
New Orleans,
Louisiana
|
+$25.4M |
| 5 |
PAI
Palo Alto Investors
Palo Alto,
California
|
+$22.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$86.3M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$81.2M |
| 3 |
PC
Polar Capital
London,
United Kingdom
|
-$39.9M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$37.5M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$26.5M |
EHTH Hedge Fund Activity: Q3 2020 in Review
235 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in eHealth (EHTH) for Q3 2020, worth a combined $2.19B — down 21% from $2.75B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of EHTH and 52 opened new positions — a net loss of 17 holders — while 75 trimmed existing stakes and 87 added.
The largest buyer was Fidelity Investments, adding an estimated $44.6M. The largest seller was Fred Alger Management, cutting an estimated $86.3M.
- 235 institutional investors held eHealth (EHTH) as of Q3 2020, down from 253 in Q2 2020.
- Funds reported $2.19B of eHealth stock for Q3 2020, down 21% quarter-over-quarter.
- 52 funds opened new eHealth positions in Q3 2020 and 69 closed out, a net change of -17 holders.
- The largest eHealth buyer in Q3 2020 was Fidelity Investments, an estimated $44.6M added.
- The largest eHealth seller in Q3 2020 was Fred Alger Management, an estimated $86.3M sold.
Based on aggregated 13F filings for Q3 2020.