Innoviva
INVA
119 hedge funds and large institutions have $1B invested in Innoviva in 2015 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 43 increasing their positions, 33 reducing their positions, and 11 closing their positions.
118% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 11
30% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 33
12% more funds holding
Funds holding: 106 → 119 (+13)
30% less call options, than puts
Call options by funds: $1.17M | Put options by funds: $1.66M
45% less capital invested
Capital invested by funds: $1.82B → $1B (-$814M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
+$18.2M |
| 2 |
CC
Clearline Capital
New York
|
+$15.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$13.5M |
| 4 |
Millennium Management
New York
|
+$9.39M |
| 5 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$8.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
-$47.1M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$23.5M |
| 3 |
PC
Perry Capital
New York
|
-$20.7M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$7.27M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$7.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Walleye Trading
New York
| – | -$16K | -889 | Closed |
|
127
US Bancorp
Minneapolis,
Minnesota
| – | -$3K | -146 | Closed |
|
|
MPWT
128
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$544 | -40 | Closed |
|
INVA Hedge Fund Activity: Q3 2015 in Review
119 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Innoviva (INVA) for Q3 2015, worth a combined $1B — down 45% from $1.82B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new INVA positions and 11 closed out — a net gain of 13 holders — while 43 added to existing stakes and 33 trimmed.
The largest buyer was Armistice Capital, opening a new position worth an estimated $18.2M. The largest seller was OppenheimerFunds, cutting an estimated $47.1M.
- 119 institutional investors held Innoviva (INVA) as of Q3 2015, up from 106 in Q2 2015.
- Funds reported $1B of Innoviva stock for Q3 2015, down 45% quarter-over-quarter.
- 24 funds opened new Innoviva positions in Q3 2015 and 11 closed out, a net change of +13 holders.
- The largest Innoviva buyer in Q3 2015 was Armistice Capital, an estimated $18.2M added.
- The largest Innoviva seller in Q3 2015 was OppenheimerFunds, an estimated $47.1M sold.
Based on aggregated 13F filings for Q3 2015.