InnovAge Holding
INNV
50 hedge funds and large institutions have $123M invested in InnovAge Holding in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 23 reducing their positions, and 3 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.3% less ownership
Funds ownership: 12.43% → 12.13% (-0.3%)
2% less funds holding
Funds holding: 51 → 50 (-1)
8% less capital invested
Capital invested by funds: $134M → $123M (-$10.8M)
35% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KLC
Kent Lake Capital
Reno,
Nevada
|
+$197K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$97.4K |
| 3 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
+$74.6K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$67.2K |
| 5 |
Citigroup
New York
|
+$38.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$1.05M |
| 2 |
BlackRock
New York
|
-$456K |
| 3 |
CI
Cambiar Investors
Denver,
Colorado
|
-$238K |
| 4 |
Millennium Management
New York
|
-$235K |
| 5 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
-$153K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$83.8K | -10,500 | Closed |
|
INNV Hedge Fund Activity: Q2 2023 in Review
50 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in InnovAge Holding (INNV) for Q2 2023, worth a combined $123M — down 8.1% from $134M a quarter earlier.
Fund positioning in INNV was balanced in Q2 2023: 3 funds opened new positions, 3 closed out, 15 added to existing stakes and 23 trimmed.
The largest buyer was Kent Lake Capital, adding an estimated $197K. The largest seller was T. Rowe Price Investment Management, cutting an estimated $1.05M.
- 50 institutional investors held InnovAge Holding (INNV) as of Q2 2023, down from 51 in Q1 2023.
- Funds reported $123M of InnovAge Holding stock for Q2 2023, down 8.1% quarter-over-quarter.
- 3 funds opened new InnovAge Holding positions in Q2 2023 and 3 closed out, a net change of 0 holders.
- The largest InnovAge Holding buyer in Q2 2023 was Kent Lake Capital, an estimated $197K added.
- The largest InnovAge Holding seller in Q2 2023 was T. Rowe Price Investment Management, an estimated $1.05M sold.
Based on aggregated 13F filings for Q2 2023.