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INNOVATE Corp
VATE

58 hedge funds and large institutions have $87M invested in INNOVATE Corp in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

12% more capital invested

Capital invested by funds: $77.9M → $87M (+$9.12M)

0.23% more ownership

Funds ownership: 3.43% → 3.66% (+0.23%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

6% less funds holding

Funds holding: 62 → 58 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
58
Holders Change
-4
Holders Change %
-6.45%
% of All Funds
1.62%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
7
Increased
20
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DCM
Dialectic Capital Management
Connecticut
+$2.13M
2
BCM
Bridgeway Capital Management
Texas
+$1.34M
3
Northern Trust
Northern Trust
Illinois
+$1.15M
4
TCIM
TIAA CREF Investment Management
New York
+$822K
5
BIT
BlackRock Institutional Trust
California
+$579K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$998K
2
DCM
DG Capital Management
New York
-$612K
3
Tudor Investment Corp
Tudor Investment Corp
Connecticut
-$563K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$345K
5
BIP
Brandes Investment Partners
California
-$184K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$387K -$121K -1,618 -23%
FMA
27
FNY Managed Accounts
New York
$351K +$37.2K +498 +11%
LCG
28
Luxor Capital Group
New York
$273K – – –
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$252K -$747 -10 -0.3%
PPA
30
Parametric Portfolio Associates
Washington
$207K +$221K +2,955 New
TA
31
Teachers Advisors
New York
$204K – – –
YP
32
Yellowstone Partners
Idaho
$204K +$218K +2,917 New
AQR Capital Management
33
AQR Capital Management
Connecticut
$202K +$16.2K +217 +8%
MC
34
Menta Capital
California
$191K +$203K +2,723 New
Charles Schwab
35
Charles Schwab
California
$190K – – –
State Board of Administration of Florida Retirement System
36
State Board of Administration of Florida Retirement System
Florida
$155K +$171K +2,290 New
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$140K – – –
Bank of America
38
Bank of America
North Carolina
$130K +$224 +3 +0.2%
New York State Common Retirement Fund
39
New York State Common Retirement Fund
New York
$126K +$38K +509 +39%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$125K +$6.8K +91 +5%
Deutsche Bank
41
Deutsche Bank
Germany
$122K -$79.4K -1,063 -38%
First Manhattan
42
First Manhattan
New York
$105K – – –
NFA
43
Nationwide Fund Advisors
Ohio
$91K -$29.9K -400 -23%
AIG
44
American International Group
New York
$81K +$75 +1 +0.1%
EWM
45
Endurance Wealth Management
Rhode Island
$80K – – –
BA
46
BlackRock Advisors
Delaware
$58K -$11.7K -157 -16%
TRCT
47
Tower Research Capital (TRC)
New York
$31K +$25.5K +341 +352%
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$28.6K +$18.2K +243 +148%
Wells Fargo
49
Wells Fargo
California
$8K -$6.65K -89 -45%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$8K -$4.71K -63 -36%
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VATE Hedge Fund Activity: Q3 2015 in Review

58 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2015, worth a combined $87M — up 12% from $77.9M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of VATE and 7 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 20 added.

The largest buyer was Dialectic Capital Management, adding an estimated $2.13M. The largest seller was Millennium Management, exiting entirely with an estimated $998K sold.

  • 58 institutional investors held INNOVATE Corp (VATE) as of Q3 2015, down from 62 in Q2 2015.
  • Funds reported $87M of INNOVATE Corp stock for Q3 2015, up 12% quarter-over-quarter.
  • 7 funds opened new INNOVATE Corp positions in Q3 2015 and 11 closed out, a net change of -4 holders.
  • The largest INNOVATE Corp buyer in Q3 2015 was Dialectic Capital Management, an estimated $2.13M added.
  • The largest INNOVATE Corp seller in Q3 2015 was Millennium Management, an estimated $998K sold.

Based on aggregated 13F filings for Q3 2015.