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INNOVATE Corp
VATE

42 hedge funds and large institutions have $77.4M invested in INNOVATE Corp in 2015 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

433% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 3

46% more capital invested

Capital invested by funds: $53.1M → $77.4M (+$24.3M)

45% more funds holding

Funds holding: 29 → 42 (+13)

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

0.3% more ownership

Funds ownership: 2.68% → 2.98% (+0.3%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
42
Holders Change
+13
Holders Change %
+44.83%
% of All Funds
1.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
16
Increased
7
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$2.4M
2
WPP
Whalerock Point Partners
Rhode Island
+$1.46M
3
WIC
Water Island Capital
New York
+$1.33M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.15M
5
LCG
Luxor Capital Group
New York
+$997K

Top Sellers

Rank Fund Capital Flow
1
DCM
DG Capital Management
New York
-$910K
2
KPF
K2 Principal Fund
Ontario, Canada
-$523K
3
CC
Caspian Capital
New York
-$517K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$451K
5
FMA
FNY Managed Accounts
New York
-$422K
Name Holding Trade Value Shares
Change 		Change in
Stake
KPF
26
K2 Principal Fund
Ontario, Canada
$169K -$523K -6,174 -80%
First Manhattan
27
First Manhattan
New York
$164K – – –
Deutsche Bank
28
Deutsche Bank
Germany
$163K +$82.4K +973 +186%
BCM
29
BlueCrest Capital Management
Jersey
$151K +$117K +1,380 New
Millennium Management
30
Millennium Management
New York
$139K +$108K +1,271 New
State Street
31
State Street
Massachusetts
$134K +$103K +1,220 New
Bank of New York Mellon
32
Bank of New York Mellon
New York
$114K +$87.8K +1,037 New
CSS
33
Cubist Systematic Strategies
Connecticut
$112K +$86.4K +1,020 New
EWM
34
Endurance Wealth Management
Rhode Island
$109K -$42.3K -500 -33%
MWAN
35
Mariner Wealth Advisors (NYC)
Kansas
$56K +$43.1K +509 New
NFA
36
Nationwide Fund Advisors
Ohio
$49K – – –
UBS Group
37
UBS Group
Switzerland
$49K +$27.3K +322 +254%
Wells Fargo
38
Wells Fargo
California
$11K – – –
TDC
39
Thompson Davis & Co
Virginia
$3K +$2.12K +25 New
S
40
SignatureFD
Georgia
$2K – – –
MWP
41
MYCIO Wealth Partners
Pennsylvania
$1K – – –
Acadian Asset Management
42
Acadian Asset Management
Massachusetts
– -$451K -5,343 Closed
FMA
43
FNY Managed Accounts
New York
– -$422K -5,000 Closed
GI
44
GAMCO Investors
Connecticut
– -$379K -4,500 Closed
Citigroup
45
Citigroup
New York
– +$85 +1 New
1
2

VATE Hedge Fund Activity: Q1 2015 in Review

42 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q1 2015, worth a combined $77.4M — up 46% from $53.1M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new VATE positions and 3 closed out — a net gain of 13 holders — while 7 added to existing stakes and 5 trimmed.

The largest buyer was Vanguard Group, opening a new position worth an estimated $2.4M. The largest seller was DG Capital Management, cutting an estimated $910K.

  • 42 institutional investors held INNOVATE Corp (VATE) as of Q1 2015, up from 29 in Q4 2014.
  • Funds reported $77.4M of INNOVATE Corp stock for Q1 2015, up 46% quarter-over-quarter.
  • 16 funds opened new INNOVATE Corp positions in Q1 2015 and 3 closed out, a net change of +13 holders.
  • The largest INNOVATE Corp buyer in Q1 2015 was Vanguard Group, an estimated $2.4M added.
  • The largest INNOVATE Corp seller in Q1 2015 was DG Capital Management, an estimated $910K sold.

Based on aggregated 13F filings for Q1 2015.