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INNOVATE Corp

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: 55 (0)

6% less funds holding

Funds holding: 6965 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
First Manhattan
51
First Manhattan
New York
$57K
Wells Fargo
52
Wells Fargo
California
$56K +$23K +599 +69%
AIG
53
American International Group
New York
$44K
BA
54
BlackRock Advisors
Delaware
$29K
Bank of America
55
Bank of America
North Carolina
$11K +$154 +4 +2%
CG
56
Cutler Group
California
$9K +$9.21K +240 +1,200%
GWM
57
Geneos Wealth Management
Colorado
$7K +$7.52K +196 New
TRCT
58
Tower Research Capital (TRC)
New York
$6K +$5.18K +135 +450%
Barclays
59
Barclays
United Kingdom
$2K +$2.3K +60 New
UBS Group
60
UBS Group
Switzerland
$1K -$16.2K -422 -93%
S
61
SignatureFD
Georgia
$1K
BlackRock
62
BlackRock
New York
$1K +$1.46K +38 New
Geode Capital Management
63
Geode Capital Management
Massachusetts
$632
EWM
64
Endurance Wealth Management
Rhode Island
$38
CC
65
Caspian Capital
New York
-$5.28M -99,762 Closed
ZC
66
Zelman Capital
Ohio
-$3.83M -72,500 Closed
OA
67
Omega Advisors
New York
-$2.65M -50,000 Closed
Stifel Financial
68
Stifel Financial
Missouri
-$410K -7,750 Closed
Goldman Sachs
69
Goldman Sachs
New York
-$215K -4,064 Closed
CG
70
Caprock Group
Idaho
-$106K -2,000 Closed
VKH
71
Virtu KCG Holdings
New York
-$92K -1,737 Closed
CS
72
Credit Suisse
Switzerland
-$69K -1,308 Closed
BNP Paribas Financial Markets
73
BNP Paribas Financial Markets
France
-$28K -528 Closed
Royal Bank of Canada
74
Royal Bank of Canada
Ontario, Canada
-$3K -50 Closed

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.