Innoviva
INVA
120 hedge funds and large institutions have $1.63B invested in Innoviva in 2014 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 37 increasing their positions, 48 reducing their positions, and 40 closing their positions.
14% less funds holding
Funds holding: 139 → 120 (-19)
23% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 48
23% less call options, than puts
Call options by funds: $6.25M | Put options by funds: $8.16M
42% less capital invested
Capital invested by funds: $2.8B → $1.63B (-$1.17B)
48% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 40
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$73.8M |
| 2 |
LM
Litespeed Management
New York
|
+$61.4M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$17.2M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$12M |
| 5 |
O
OppenheimerFunds
New York
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$26.9M |
| 2 |
SAM
Sectoral Asset Management
Montreal,
Quebec, Canada
|
-$17.7M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$16.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$15.9M |
| 5 |
BG
Baupost Group
Boston,
Massachusetts
|
-$13.3M |
INVA Hedge Fund Activity: Q3 2014 in Review
120 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Innoviva (INVA) for Q3 2014, worth a combined $1.63B — down 42% from $2.8B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of INVA and 21 opened new positions — a net loss of 19 holders — while 48 trimmed existing stakes and 37 added.
The largest buyer was Fidelity Investments, adding an estimated $73.8M. The largest seller was Capital World Investors, cutting an estimated $26.9M.
- 120 institutional investors held Innoviva (INVA) as of Q3 2014, down from 139 in Q2 2014.
- Funds reported $1.63B of Innoviva stock for Q3 2014, down 42% quarter-over-quarter.
- 21 funds opened new Innoviva positions in Q3 2014 and 40 closed out, a net change of -19 holders.
- The largest Innoviva buyer in Q3 2014 was Fidelity Investments, an estimated $73.8M added.
- The largest Innoviva seller in Q3 2014 was Capital World Investors, an estimated $26.9M sold.
Based on aggregated 13F filings for Q3 2014.