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INNOVATE Corp
VATE

69 hedge funds and large institutions have $120M invested in INNOVATE Corp in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 25 increasing their positions, 14 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

79% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 14

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

38% more capital invested

Capital invested by funds: $87M → $120M (+$33.3M)

19% more funds holding

Funds holding: 58 → 69 (+11)

2.31% more ownership

Funds ownership: 3.66% → 5.97% (+2.3%)

Holders
69
Holders Change
+11
Holders Change %
+18.97%
% of All Funds
1.81%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.13%
New
16
Increased
25
Reduced
14
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PI
Putnam Investments
Massachusetts
+$19.7M
2
JG
Jefferies Group
New York
+$10.9M
3
MIM
Mittleman Investment Management
New York
+$10.1M
4
AFG
American Financial Group
Ohio
+$6.61M
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$6.57M

Top Sellers

Rank Fund Capital Flow
1
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$5.67M
2
DCM
DG Capital Management
New York
-$1.7M
3
Nomura Holdings
Nomura Holdings
Japan
-$840K
4
WIC
Water Island Capital
New York
-$359K
5
FMA
FNY Managed Accounts
New York
-$351K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
26
Bridgeway Capital Management
Texas
$945K – – –
TCIM
27
TIAA CREF Investment Management
New York
$899K +$172K +2,627 +18%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$875K +$144K +2,200 +15%
Dimensional Fund Advisors
29
Dimensional Fund Advisors
Texas
$768K -$109K -1,659 -10%
CC
30
Cannell Capital
Wyoming
$749K +$125K +1,910 +16%
Stifel Financial
31
Stifel Financial
Missouri
$410K – – –
BIM
32
BlackRock Investment Management
Delaware
$406K +$42.1K +641 +9%
PPA
33
Parametric Portfolio Associates
Washington
$393K +$294K +4,477 +152%
Charles Schwab
34
Charles Schwab
California
$299K +$193K +2,940 +109%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$295K +$4.4K +67 +1%
California State Teachers Retirement System (CalSTRS)
36
California State Teachers Retirement System (CalSTRS)
California
$258K +$84.9K +1,293 +36%
Renaissance Technologies
37
Renaissance Technologies
New York
$254K +$315K +4,800 New
Goldman Sachs
38
Goldman Sachs
New York
$215K -$250K -3,805 -48%
GCIA
39
Gabelli & Co Investment Advisers
New York
$196K -$132K -2,006 -35%
YP
40
Yellowstone Partners
Idaho
$180K +$31.8K +484 +17%
Millennium Management
41
Millennium Management
New York
$155K +$192K +2,931 New
TA
42
Teachers Advisors
New York
$154K – – –
AQR Capital Management
43
AQR Capital Management
Connecticut
$153K – – –
State Board of Administration of Florida Retirement System
44
State Board of Administration of Florida Retirement System
Florida
$118K – – –
California Public Employees Retirement System
45
California Public Employees Retirement System
California
$106K – – –
CG
46
Caprock Group
Idaho
$106K +$131K +2,000 New
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$103K +$10.7K +163 +9%
MC
48
Menta Capital
California
$95K -$61.4K -935 -34%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$95K – – –
VKH
50
Virtu KCG Holdings
New York
$92K +$114K +1,737 New
1
2
3

VATE Hedge Fund Activity: Q4 2015 in Review

69 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q4 2015, worth a combined $120M — up 38% from $87M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new VATE positions and 5 closed out — a net gain of 11 holders — while 25 added to existing stakes and 14 trimmed.

The largest buyer was Putnam Investments, opening a new position worth an estimated $19.7M. The largest seller was Hudson Bay Capital Management, cutting an estimated $5.67M.

  • 69 institutional investors held INNOVATE Corp (VATE) as of Q4 2015, up from 58 in Q3 2015.
  • Funds reported $120M of INNOVATE Corp stock for Q4 2015, up 38% quarter-over-quarter.
  • 16 funds opened new INNOVATE Corp positions in Q4 2015 and 5 closed out, a net change of +11 holders.
  • The largest INNOVATE Corp buyer in Q4 2015 was Putnam Investments, an estimated $19.7M added.
  • The largest INNOVATE Corp seller in Q4 2015 was Hudson Bay Capital Management, an estimated $5.67M sold.

Based on aggregated 13F filings for Q4 2015.