Innoviva
INVA
114 hedge funds and large institutions have $1.37B invested in Innoviva in 2014 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 25 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 34
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 120 → 114 (-6)
16% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 25
16% less capital invested
Capital invested by funds: $1.63B → $1.37B (-$262M)
52% less call options, than puts
Call options by funds: $4.12M | Put options by funds: $8.62M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$40.4M |
| 2 |
PC
Perry Capital
New York
|
+$33M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$31.6M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$25.2M |
| 5 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$43.9M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$35.6M |
| 3 |
SAM
Sectoral Asset Management
Montreal,
Quebec, Canada
|
-$16.6M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$15.6M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$8.28M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NPGCU
126
Napier Park Global Capital (US)
New York
| – | -$609K | -35,654 | Closed |
|
|
MAA
127
Managed Account Advisors
Jersey City,
New Jersey
| – | -$465K | -27,203 | Closed |
|
|
SCM
128
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$438K | -25,608 | Closed |
|
|
HM
129
Harvest Management
New York
| – | -$325K | -19,000 | Closed |
|
130
M&T Bank
Buffalo,
New York
| – | -$194K | -11,350 | Closed |
|
131
Jane Street
New York
| – | -$187K | -10,941 | Closed |
|
|
SIM
132
Strategic Investment Management
Arlington,
Virginia
| – | -$186K | -10,922 | Closed |
|
|
AL
133
Airain Ltd
St. Peter Port,
Guernsey
| – | -$172K | -10,076 | Closed |
|
134
BNP Paribas Financial Markets
Paris,
France
| – | -$84.4K | -4,940 | Closed |
|
|
FCE
135
Fiera Capital (Europe)
Grand Cayman,
Cayman Islands
| – | -$78K | -4,532 | Closed |
|
|
RFC
136
Russell Frank Company
Seattle,
Washington
| – | -$46K | -2,700 | Closed |
|
|
TRCT
137
Tower Research Capital (TRC)
New York
| – | -$15K | -906 | Closed |
|
|
MFS
138
MSI Financial Services
Springfield,
Massachusetts
| – | -$1K | -52 | Closed |
|
INVA Hedge Fund Activity: Q4 2014 in Review
114 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Innoviva (INVA) for Q4 2014, worth a combined $1.37B — down 16% from $1.63B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of INVA and 21 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 43 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $40.4M. The largest seller was Capital World Investors, cutting an estimated $43.9M.
- 114 institutional investors held Innoviva (INVA) as of Q4 2014, down from 120 in Q3 2014.
- Funds reported $1.37B of Innoviva stock for Q4 2014, down 16% quarter-over-quarter.
- 21 funds opened new Innoviva positions in Q4 2014 and 25 closed out, a net change of -4 holders.
- The largest Innoviva buyer in Q4 2014 was Manulife (Manufacturers Life Insurance), an estimated $40.4M added.
- The largest Innoviva seller in Q4 2014 was Capital World Investors, an estimated $43.9M sold.
Based on aggregated 13F filings for Q4 2014.