INNOVATE Corp
VATE
62 hedge funds and large institutions have $33.7M invested in INNOVATE Corp in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
0.14% more ownership
Funds ownership: 3.32% → 3.46% (+0.14%)
0% more funds holding
Funds holding: 62 → 62 (0)
21% less capital invested
Capital invested by funds: $42.7M → $33.7M (-$8.94M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Stonehill Capital Management
New York
|
+$697K |
| 2 |
Morgan Stanley
New York
|
+$282K |
| 3 |
BlackRock
New York
|
+$275K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$228K |
| 5 |
Barclays
London,
United Kingdom
|
+$79.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cowen Investment Management
New York
|
-$203K |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$96.4K |
| 3 |
AIP
ARS Investment Partners
New York
|
-$81.9K |
| 4 |
WA
Wealth Alliance
Mellville,
New York
|
-$51.8K |
| 5 |
SOW
State of Wyoming
Cheyenne,
Wyoming
|
-$47.7K |
VATE Hedge Fund Activity: Q4 2023 in Review
62 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q4 2023, worth a combined $33.7M — down 21% from $42.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new VATE positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 12 trimmed.
The largest buyer was Stonehill Capital Management, adding an estimated $697K. The largest seller was Cowen Investment Management, exiting entirely with an estimated $203K sold.
- 62 institutional investors held INNOVATE Corp (VATE) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $33.7M of INNOVATE Corp stock for Q4 2023, down 21% quarter-over-quarter.
- 7 funds opened new INNOVATE Corp positions in Q4 2023 and 6 closed out, a net change of +1 holder.
- The largest INNOVATE Corp buyer in Q4 2023 was Stonehill Capital Management, an estimated $697K added.
- The largest INNOVATE Corp seller in Q4 2023 was Cowen Investment Management, an estimated $203K sold.
Based on aggregated 13F filings for Q4 2023.