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INNOVATE Corp
VATE

62 hedge funds and large institutions have $23.7M invested in INNOVATE Corp in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 13

9% less funds holding

Funds holding: 68 → 62 (-6)

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

70% less capital invested

Capital invested by funds: $78M → $23.7M (-$54.2M)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

Holders
62
Holders Change
-6
Holders Change %
-8.82%
% of All Funds
2.01%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
29
Reduced
13
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TA
Teton Advisors
New York
+$3.36M
2
WAM
Wolverine Asset Management
Illinois
+$2.66M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.67M
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$1.55M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
RCM
Raptor Capital Management
Massachusetts
-$3.75M
2
CS
Central Securities
New York
-$1.74M
3
GCM
Greywolf Capital Management
New York
-$1.35M
4
VAM
Visium Asset Management
New York
-$997K
5
WA
Whitebox Advisors
Minnesota
-$822K
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$164K +$11.8K +130 +3%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$159K -$1.54K -17 -0.4%
GF
28
Gabelli Funds
New York
$154K -$8.17K -90 -2%
SO
29
STRS Ohio
Ohio
$125K +$334K +3,677 New
BIM
30
BlackRock Investment Management
Delaware
$121K +$32.7K +360 +11%
Invesco
31
Invesco
Georgia
$118K +$48.7K +536 +18%
Deutsche Bank
32
Deutsche Bank
Germany
$99K +$183K +2,012 +217%
JP Morgan Chase
33
JP Morgan Chase
New York
$97K +$118K +1,302 +83%
Barclays
34
Barclays
United Kingdom
$78K +$230K +2,535 +2,786%
California State Teachers Retirement System (CalSTRS)
35
California State Teachers Retirement System (CalSTRS)
California
$74K +$5.45K +60 +3%
D.E. Shaw & Co
36
D.E. Shaw & Co
New York
$73K -$24.1K -266 -11%
State Board of Administration of Florida Retirement System
37
State Board of Administration of Florida Retirement System
Florida
$67K +$1.45K +16 +0.8%
TA
38
Teachers Advisors
New York
$65K +$17.8K +196 +11%
AllianceBernstein
39
AllianceBernstein
Tennessee
$63K -$19K -209 -10%
CBOA
40
Commonwealth Bank of Australia
Australia
$62K +$166K +1,830 New
Charles Schwab
41
Charles Schwab
California
$58K – – –
Bank of America
42
Bank of America
North Carolina
$57K -$218K -2,404 -59%
VOYA Investment Management
43
VOYA Investment Management
Georgia
$51K – – –
NFA
44
Nationwide Fund Advisors
Ohio
$50K +$35.5K +391 +36%
FQ
45
First Quadrant
California
$43K +$57.2K +630 +98%
Goldman Sachs
46
Goldman Sachs
New York
$39K -$12.1K -133 -10%
BA
47
BlackRock Advisors
Delaware
$38K +$32.6K +359 +47%
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$36K -$1.27K -14 -1%
RFC
49
Russell Frank Company
Washington
$36K +$96.6K +1,064 +13,300%
UAS
50
United Asset Strategies
New York
$34K – – –
1
2
3 4

VATE Hedge Fund Activity: Q3 2013 in Review

62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2013, worth a combined $23.7M — down 70% from $78M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of VATE and 9 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 29 added.

The largest buyer was Teton Advisors, adding an estimated $3.36M. The largest seller was Raptor Capital Management, cutting an estimated $3.75M.

  • 62 institutional investors held INNOVATE Corp (VATE) as of Q3 2013, down from 68 in Q2 2013.
  • Funds reported $23.7M of INNOVATE Corp stock for Q3 2013, down 70% quarter-over-quarter.
  • 9 funds opened new INNOVATE Corp positions in Q3 2013 and 15 closed out, a net change of -6 holders.
  • The largest INNOVATE Corp buyer in Q3 2013 was Teton Advisors, an estimated $3.36M added.
  • The largest INNOVATE Corp seller in Q3 2013 was Raptor Capital Management, an estimated $3.75M sold.

Based on aggregated 13F filings for Q3 2013.