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INNOVATE Corp
VATE

65 hedge funds and large institutions have $102M invested in INNOVATE Corp in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 13 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 13

0.51% more ownership

Funds ownership: 5.97% → 6.47% (+0.51%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

6% less funds holding

Funds holding: 69 → 65 (-4)

15% less capital invested

Capital invested by funds: $120M → $102M (-$18.4M)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
65
Holders Change
-4
Holders Change %
-5.8%
% of All Funds
1.73%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
7
Increased
26
Reduced
13
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JG
Jefferies Group
New York
+$7.14M
2
RCM
Raging Capital Management
New Jersey
+$7.04M
3
SPH
Steel Partners Holdings
New York
+$3.84M
4
BRF
B. Riley Financial
California
+$1.23M
5
BCM
Bridgeway Capital Management
Texas
+$476K

Top Sellers

Rank Fund Capital Flow
1
CC
Caspian Capital
New York
-$5.28M
2
ZC
Zelman Capital
Ohio
-$3.83M
3
OA
Omega Advisors
New York
-$2.65M
4
PI
Putnam Investments
Massachusetts
-$2.35M
5
WPP
Whalerock Point Partners
Rhode Island
-$616K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$701K +$51.4K +1,339 +8%
CC
27
Cannell Capital
Wyoming
$683K +$143K +3,717 +26%
Dimensional Fund Advisors
28
Dimensional Fund Advisors
Texas
$547K -$7.75K -202 -1%
Nomura Holdings
29
Nomura Holdings
Japan
$458K +$460K +11,979 New
BIM
30
BlackRock Investment Management
Delaware
$393K +$100K +2,607 +34%
PPA
31
Parametric Portfolio Associates
Washington
$353K +$69.3K +1,806 +24%
EPM
32
Equitec Proprietary Markets
Illinois
$343K +$344K +8,970 New
Bank of New York Mellon
33
Bank of New York Mellon
New York
$337K +$125K +3,251 +58%
Renaissance Technologies
34
Renaissance Technologies
New York
$286K +$103K +2,690 +56%
Charles Schwab
35
Charles Schwab
California
$216K – – –
California State Teachers Retirement System (CalSTRS)
36
California State Teachers Retirement System (CalSTRS)
California
$215K +$28.4K +741 +15%
TC
37
TFS Capital
Pennsylvania
$208K +$163K +4,235 +349%
GCIA
38
Gabelli & Co Investment Advisers
New York
$142K – – –
TA
39
Teachers Advisors
New York
$142K +$31.6K +822 +28%
MERSOM
40
Municipal Employees' Retirement System of Michigan
Michigan
$138K +$138K +3,606 New
YP
41
Yellowstone Partners
Idaho
$112K -$18K -470 -14%
AQR Capital Management
42
AQR Capital Management
Connecticut
$110K – – –
MC
43
Menta Capital
California
$101K +$33.2K +866 +48%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$90K +$15.9K +413 +21%
Millennium Management
45
Millennium Management
New York
$88K -$24.1K -628 -21%
State Board of Administration of Florida Retirement System
46
State Board of Administration of Florida Retirement System
Florida
$85K – – –
Citigroup
47
Citigroup
New York
$84K +$53.5K +1,393 +174%
California Public Employees Retirement System
48
California Public Employees Retirement System
California
$76K – – –
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$69K – – –
NFA
50
Nationwide Fund Advisors
Ohio
$62K +$1.15K +30 +2%
1
2
3

VATE Hedge Fund Activity: Q1 2016 in Review

65 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q1 2016, worth a combined $102M — down 15% from $120M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of VATE and 7 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 26 added.

The largest buyer was Jefferies Group, adding an estimated $7.14M. The largest seller was Caspian Capital, exiting entirely with an estimated $5.28M sold.

  • 65 institutional investors held INNOVATE Corp (VATE) as of Q1 2016, down from 69 in Q4 2015.
  • Funds reported $102M of INNOVATE Corp stock for Q1 2016, down 15% quarter-over-quarter.
  • 7 funds opened new INNOVATE Corp positions in Q1 2016 and 11 closed out, a net change of -4 holders.
  • The largest INNOVATE Corp buyer in Q1 2016 was Jefferies Group, an estimated $7.14M added.
  • The largest INNOVATE Corp seller in Q1 2016 was Caspian Capital, an estimated $5.28M sold.

Based on aggregated 13F filings for Q1 2016.