Innoviva
INVA
139 hedge funds and large institutions have $2.8B invested in Innoviva in 2014 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 76 reducing their positions, and 31 closing their positions.
48% more call options, than puts
Call options by funds: $13.3M | Put options by funds: $9.01M
1% more capital invested
Capital invested by funds: $2.76B → $2.8B (+$39.8M)
5% less funds holding
Funds holding: 146 → 139 (-7)
16% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 31
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
51% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Perry Capital
New York
|
+$36.4M |
| 2 |
State Street
Boston,
Massachusetts
|
+$19.9M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$18.3M |
| 4 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$10.5M |
| 5 |
Goldman Sachs
New York
|
+$10M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$127M |
| 2 |
LM
Litespeed Management
New York
|
-$59.8M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$40.9M |
| 4 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$28.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$23.9M |
INVA Hedge Fund Activity: Q2 2014 in Review
139 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Innoviva (INVA) for Q2 2014, worth a combined $2.8B — up 1.4% from $2.76B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of INVA and 26 opened new positions — a net loss of 5 holders — while 76 trimmed existing stakes and 37 added.
The largest buyer was Perry Capital, opening a new position worth an estimated $36.4M. The largest seller was Baupost Group, cutting an estimated $127M.
- 139 institutional investors held Innoviva (INVA) as of Q2 2014, down from 146 in Q1 2014.
- Funds reported $2.8B of Innoviva stock for Q2 2014, up 1.4% quarter-over-quarter.
- 26 funds opened new Innoviva positions in Q2 2014 and 31 closed out, a net change of -5 holders.
- The largest Innoviva buyer in Q2 2014 was Perry Capital, an estimated $36.4M added.
- The largest Innoviva seller in Q2 2014 was Baupost Group, an estimated $127M sold.
Based on aggregated 13F filings for Q2 2014.