Innoviva
INVA
193 hedge funds and large institutions have $789M invested in Innoviva in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 70 increasing their positions, 77 reducing their positions, and 35 closing their positions.
9% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 77
6.78% less ownership
Funds ownership: 109.12% → 102.34% (-6.8%)
8% less funds holding
Funds holding: 209 → 193 (-16)
18% less capital invested
Capital invested by funds: $966M → $789M (-$177M)
26% less call options, than puts
Call options by funds: $93K | Put options by funds: $126K
40% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 35
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$12.2M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.98M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$3.5M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
+$3.06M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Westfield Capital Management
Boston,
Massachusetts
|
-$28.5M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$14.1M |
| 3 |
Millennium Management
New York
|
-$12.5M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$11M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$6.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | +$24 | +2 | New |
|
|
CAL
227
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | +$182 | +15 | New |
|
INVA Hedge Fund Activity: Q1 2023 in Review
193 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Innoviva (INVA) for Q1 2023, worth a combined $789M — down 18% from $966M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of INVA and 21 opened new positions — a net loss of 14 holders — while 77 trimmed existing stakes and 70 added.
The largest buyer was Putnam Investments, adding an estimated $12.2M. The largest seller was Westfield Capital Management, cutting an estimated $28.5M.
- 193 institutional investors held Innoviva (INVA) as of Q1 2023, down from 209 in Q4 2022.
- Funds reported $789M of Innoviva stock for Q1 2023, down 18% quarter-over-quarter.
- 21 funds opened new Innoviva positions in Q1 2023 and 35 closed out, a net change of -14 holders.
- The largest Innoviva buyer in Q1 2023 was Putnam Investments, an estimated $12.2M added.
- The largest Innoviva seller in Q1 2023 was Westfield Capital Management, an estimated $28.5M sold.
Based on aggregated 13F filings for Q1 2023.