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INNOVATE Corp
VATE

74 hedge funds and large institutions have $134M invested in INNOVATE Corp in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.38% less ownership

Funds ownership: 6.25% → 5.87% (-0.38%)

12% less funds holding

Funds holding: 84 → 74 (-10)

14% less capital invested

Capital invested by funds: $155M → $134M (-$21.4M)

16% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 25

51% less call options, than puts

Call options by funds: $271K | Put options by funds: $553K

63% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 16

Holders
74
Holders Change
-10
Holders Change %
-11.9%
% of All Funds
1.84%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
6
Increased
21
Reduced
25
Closed
16
Calls
$271K
Puts
$553K
Net Calls
-$282K
Net Calls Change
+$469K

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$2.85M
2
MIM
Mittleman Investment Management
New York
+$2.4M
3
Nomura Holdings
Nomura Holdings
Japan
+$364K
4
Vanguard Group
Vanguard Group
Pennsylvania
+$309K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$256K

Top Sellers

Rank Fund Capital Flow
1
BSP
Benefit Street Partners
New York
-$4.63M
2
Renaissance Technologies
Renaissance Technologies
New York
-$1.01M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$1.01M
4
NI
Numeric Investors
Massachusetts
-$959K
5
BRF
B. Riley Financial
California
-$789K
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
26
Invesco
Georgia
$817K +$41.8K +784 +5%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$780K +$64.2K +1,203 +9%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$741K – – –
Charles Schwab
29
Charles Schwab
California
$670K +$111K +2,077 +20%
OAM
30
Oxford Asset Management
United Kingdom
$507K -$55.7K -1,044 -10%
DCM
31
Driehaus Capital Management
Illinois
$484K -$189K -3,536 -28%
Dimensional Fund Advisors
32
Dimensional Fund Advisors
Texas
$472K -$1.01M -18,951 -68%
UBS Group
33
UBS Group
Switzerland
$440K +$180K +3,375 +68%
TA
34
Teachers Advisors
New York
$417K – – –
PPA
35
Parametric Portfolio Associates
Washington
$384K +$53.2K +996 +16%
CCMH
36
Cornerstone Capital Management Holdings
New York
$381K -$8.01K -150 -2%
ARTA
37
A.R.T. Advisors
New York
$361K -$89K -1,668 -20%
Nomura Holdings
38
Nomura Holdings
Japan
$360K +$364K +6,825 New
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$350K +$256K +4,806 +264%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$338K -$43.7K -818 -11%
Wells Fargo
41
Wells Fargo
California
$309K +$102K +1,914 +49%
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$225K +$3.2K +60 +1%
BCA
43
Benchmark Capital Advisors
New York
$211K – – –
GCIA
44
Gabelli & Co Investment Advisers
New York
$196K – – –
PG
45
PEAK6 Group
Illinois
$179K +$181K +3,398 New
CS
46
Credit Suisse
Switzerland
$165K +$108K +2,019 +183%
BP
47
Ballentine Partners
Massachusetts
$161K – – –
AQR Capital Management
48
AQR Capital Management
Connecticut
$152K – – –
AIG
49
American International Group
New York
$144K +$10.9K +204 +8%
Citadel Advisors
50
Citadel Advisors
Florida
$140K +$66.2K +1,241 +89%
1
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VATE Hedge Fund Activity: Q3 2017 in Review

74 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2017, worth a combined $134M — down 14% from $155M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of VATE and 6 opened new positions — a net loss of 10 holders — while 25 trimmed existing stakes and 21 added.

The largest buyer was JP Morgan Chase, adding an estimated $2.85M. The largest seller was Benefit Street Partners, exiting entirely with an estimated $4.63M sold.

  • 74 institutional investors held INNOVATE Corp (VATE) as of Q3 2017, down from 84 in Q2 2017.
  • Funds reported $134M of INNOVATE Corp stock for Q3 2017, down 14% quarter-over-quarter.
  • 6 funds opened new INNOVATE Corp positions in Q3 2017 and 16 closed out, a net change of -10 holders.
  • The largest INNOVATE Corp buyer in Q3 2017 was JP Morgan Chase, an estimated $2.85M added.
  • The largest INNOVATE Corp seller in Q3 2017 was Benefit Street Partners, an estimated $4.63M sold.

Based on aggregated 13F filings for Q3 2017.