Benefitfocus, Inc.
Hedge Funds Holdings

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Benefitfocus, Inc.‘s stocks are currently a part of 84 hedge funds’ portfolios, which represents 79.57% of the total amount of its stocks outstanding. This makes up a total of 27.07M shares of Benefitfocus, Inc.. Compared to the previous quarter, the number fell by -4.94% or -1.40M shares fewer. As for the holding position changes, 29.76% (25) of current hedge fund investors increased the number of shares held, 38.1% (32) of current holders sold a part of the shares held, and 15.48% (13) closed the holdings completely. 6 hedge funds are new holders of Benefitfocus, Inc. stock in Q3 2022, it is 7.14% of total holders.

Hedge funds holding Benefitfocus (Q4 2017 – Q3 2022)

Number of hedge funds
Q4 2017 76
Q1 2018 81
Q2 2018 92
Q3 2018 104
Q4 2018 125
Q1 2019 139
Q2 2019 114
Q3 2019 111
Q4 2019 111
Q1 2020 107
Q2 2020 112
Q3 2020 104
Q4 2020 105
Q1 2021 102
Q2 2021 105
Q3 2021 104
Q4 2021 111
Q1 2022 103
Q2 2022 99
Q3 2022 84

Hedge funds changes in Benefitfocus positions (Q4 2017 – Q3 2022)

Changes in positions
Q4 2017 9322217-4
Q1 2018 12342276
Q2 2018 21471510-1
Q3 2018 26392714-2
Q4 2018 32444111-3
Q1 2019 40662125-13
Q2 2019 24602246-38
Q3 2019 16433919-6
Q4 2019 20483019-6
Q1 2020 24452527-14
Q2 2020 26383320-5
Q3 2020 15215122-5
Q4 2020 1327431210
Q1 2021 122841147
Q2 2021 183039153
Q3 2021 19303620-1
Q4 2021 193936134
Q1 2022 11324517-2
Q2 2022 1038291210
Q3 2022 62532138

Hedge funds changes in Benefitfocus stock options (Q4 2017 – Q3 2022)

Changes in stock options
Q4 2017 1,615,000 2,572,000
Q1 2018 717,000 2,225,000
Q2 2018 1,557,000 890,000
Q3 2018 2,306,000 1,848,000
Q4 2018 4,277,000 2,855,000
Q1 2019 3,011,000 3,412,000
Q2 2019 1,326,000 4,393,000
Q3 2019 3,755,000 3,443,000
Q4 2019 1,162,000 1,168,000
Q1 2020 840,000 473,000
Q2 2020 1,149,000 476,000
Q3 2020 409,000 158,000
Q4 2020 97,000 3,631,000
Q1 2021 712,000 16,655,000
Q2 2021 249,000 7,813,000
Q3 2021 1,593,000 6,119,000
Q4 2021 785,000 2,249,000
Q1 2022 222,000 3,067,000
Q2 2022 348,000 2,932,000
Q3 2022 338,000 3,344,000

Top 50 hedge fund holders of Benefitfocus, Inc. (NASDAQ:BNFT)

Hedge fund Value Shares owned Portfolio share
INDABA CAPITAL MANAGEMENT, L.P. 25.16M 3.96M 3.872%
ARCHON CAPITAL MANAGEMENT LLC 20.78M 3.27M 3.692%
BROWN BROTHERS HARRIMAN & CO 19.66M 3.09M 0.182%
BLACKROCK INC. Larry Fink 12.78M 2.01M 0.000%
LYNROCK LAKE LP 11.42M 1.79M 0.530%
VANGUARD GROUP INC 11.38M 1.79M 0.000%
SIRIS CAPITAL GROUP, LLC 9.41M 1.48M 100.000%
VIEX CAPITAL ADVISORS, LLC 7.68M 1.21M 24.844%
NEEDHAM INVESTMENT MANAGEMENT LLC 7.55M 1.19M 1.480%
TIKVAH MANAGEMENT LLC 6.19M 975.11K 2.863%
BAILLIE GIFFORD & CO 5.96M 939.89K 0.006%
STATE STREET CORP 3.48M 548.27K 0.000%
GEODE CAPITAL MANAGEMENT, LLC 3.06M 483.44K 0.001%
ACADIAN ASSET MANAGEMENT LLC 2.82M 445.08K 0.015%
DEUTSCHE BANK AG\ 2.44M 384.18K 0.002%
MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. 2.14M 337.69K 0.006%
HORRELL CAPITAL MANAGEMENT, INC. 2.12M 333.80K 0.773%
SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.08M 329K 0.001%
SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.00M 315.45K 0.001%
OWLS NEST PARTNERS IA, LLC 1.92M 302.54K 0.771%
NORTHERN TRUST CORP 1.65M 260.71K 0.000%
POTOMAC CAPITAL MANAGEMENT, INC. 1.54M 242.9K 1.766%
JACOBS LEVY EQUITY MANAGEMENT, INC 1.45M 228.44K 0.011%
FEDERATED HERMES, INC. 1.42M 224.27K 0.004%
NUVEEN ASSET MANAGEMENT, LLC 1.29M 204.31K 0.001%
GLOBEFLEX CAPITAL L P 853K 134.38K 0.147%
GROUP ONE TRADING, L.P. 756K 119.1K 0.002%
CITADEL ADVISORS LLC Ken Griffin 729K 114.83K 0.000%
BNP PARIBAS ARBITRAGE, SNC 644.01K 101.41K 0.001%
MORGAN STANLEY 628K 98.83K 0.000%
DIMENSIONAL FUND ADVISORS LP 606K 95.42K 0.000%
BANK OF NEW YORK MELLON CORP 604K 95.13K 0.000%
RENAISSANCE TECHNOLOGIES LLC Jim Simons 542K 85.3K 0.001%
STATE OF WISCONSIN INVESTMENT BOARD 520K 81.95K 0.002%
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC 498K 78.53K 0.001%
JPMORGAN CHASE & CO 450K 70.95K 0.000%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 438K 68.88K 0.000%
SWISS NATIONAL BANK 402K 63.3K 0.000%
D. E. SHAW & CO., INC. David E. Shaw 363K 57.12K 0.000%
ROYAL BANK OF CANADA 353K 55.54K 0.000%
GOLDMAN SACHS GROUP INC 285K 44.95K 0.000%
EXODUSPOINT CAPITAL MANAGEMENT, LP Xinyu Liu 255K 40.15K 0.003%
GSA CAPITAL PARTNERS LLP 255K 40.19K 0.034%
RAYMOND JAMES & ASSOCIATES 239K 37.60K 0.000%
TUDOR INVESTMENT CORP ET AL 237K 37.28K 0.005%
RHUMBLINE ADVISERS 220K 34.65K 0.000%
WALLEYE TRADING LLC 217K 34.21K 0.001%
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 213K 33.54K 0.000%
SHELL ASSET MANAGEMENT CO 199K 31.36K 0.008%
ENVESTNET ASSET MANAGEMENT INC 190K 29.85K 0.000%