InnovAge Holding
INNV
51 hedge funds and large institutions have $134M invested in InnovAge Holding in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 7 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
9% more capital invested
Capital invested by funds: $123M → $134M (+$11M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.23% less ownership
Funds ownership: 12.66% → 12.43% (-0.23%)
6% less funds holding
Funds holding: 54 → 51 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$213K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$213K |
| 3 |
ECM
ExodusPoint Capital Management
New York
|
+$185K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$116K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$79.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
-$1.55M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$846K |
| 3 |
BlackRock
New York
|
-$292K |
| 4 |
ZCM
Zebra Capital Management
Stamford,
Connecticut
|
-$107K |
| 5 |
AG
Algert Global
San Francisco,
California
|
-$90K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIM
51
MetLife Investment Management
Whippany,
New Jersey
| – | -$83.1K | -11,572 | Closed |
|
52
Jane Street
New York
| – | -$81.3K | -11,317 | Closed |
|
|
AF
53
Advisornet Financial
Minnetonka,
Minnesota
| – | -$28.7K | -4,000 | Closed |
|
|
MLICM
54
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$9.8K | -1,365 | Closed |
|
|
EE
55
EWG Elevate
Roseville,
California
| – | -$1.08K | -150 | Closed |
|
|
CS
56
Credit Suisse
Zurich,
Switzerland
| – | -$7 | -1 | Closed |
|
|
C
57
Covestor
London,
United Kingdom
| – | +$116 | +16 | New |
|
INNV Hedge Fund Activity: Q1 2023 in Review
51 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in InnovAge Holding (INNV) for Q1 2023, worth a combined $134M — up 8.9% from $123M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of INNV and 4 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 20 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $213K. The largest seller was Coliseum Capital Management, cutting an estimated $1.55M.
- 51 institutional investors held InnovAge Holding (INNV) as of Q1 2023, down from 54 in Q4 2022.
- Funds reported $134M of InnovAge Holding stock for Q1 2023, up 8.9% quarter-over-quarter.
- 4 funds opened new InnovAge Holding positions in Q1 2023 and 7 closed out, a net change of -3 holders.
- The largest InnovAge Holding buyer in Q1 2023 was Millennium Management, an estimated $213K added.
- The largest InnovAge Holding seller in Q1 2023 was Coliseum Capital Management, an estimated $1.55M sold.
Based on aggregated 13F filings for Q1 2023.