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INNOVATE Corp
VATE

81 hedge funds and large institutions have $159M invested in INNOVATE Corp in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

19% more capital invested

Capital invested by funds: $134M → $159M (+$25.9M)

9% more funds holding

Funds holding: 74 → 81 (+7)

9% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 22

0.35% more ownership

Funds ownership: 5.87% → 6.22% (+0.35%)

Holders
81
Holders Change
+7
Holders Change %
+9.46%
% of All Funds
1.84%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.11%
New
13
Increased
24
Reduced
22
Closed
6
Calls
$107K
Puts
–
Net Calls
+$107K
Net Calls Change
+$389K

Top Buyers

Rank Fund Capital Flow
1
MIM
Mittleman Investment Management
New York
+$4.31M
2
BSP
Benefit Street Partners
New York
+$3.57M
3
BC
Brookfield Corp
Ontario, Canada
+$2.89M
4
CG
Caprock Group
Idaho
+$593K
5
Charles Schwab
Charles Schwab
California
+$567K

Top Sellers

Rank Fund Capital Flow
1
NFA
Nationwide Fund Advisors
Ohio
-$1.2M
2
BCM
Bridgeway Capital Management
Texas
-$724K
3
TCIM
TIAA CREF Investment Management
New York
-$617K
4
WMSA
Weiss Multi-Strategy Advisers
New York
-$607K
5
JP Morgan Chase
JP Morgan Chase
New York
-$552K
Name Holding Trade Value Shares
Change 		Change in
Stake
RhumbLine Advisers
51
RhumbLine Advisers
Massachusetts
$210K -$39.2K -728 -17%
BP
52
Ballentine Partners
Massachusetts
$181K – – –
GCP
53
GSA Capital Partners
United Kingdom
$175K +$158K +2,940 New
AQR Capital Management
54
AQR Capital Management
Connecticut
$172K – – –
AIG
55
American International Group
New York
$167K +$3.72K +69 +3%
New York State Common Retirement Fund
56
New York State Common Retirement Fund
New York
$156K – – –
State Board of Administration of Florida Retirement System
57
State Board of Administration of Florida Retirement System
Florida
$135K – – –
AllianceBernstein
58
AllianceBernstein
Tennessee
$130K -$10.2K -190 -8%
MIM
59
MetLife Investment Management
New Jersey
$126K +$114K +2,115 New
VOYA Investment Management
60
VOYA Investment Management
Georgia
$120K – – –
Squarepoint
61
Squarepoint
New York
$112K +$101K +1,882 New
HHC
62
Hutchin Hill Capital
New York
$98K +$88.4K +1,640 New
First Manhattan
63
First Manhattan
New York
$89K – – –
Ameriprise
64
Ameriprise
Minnesota
$81K – – –
CS
65
Credit Suisse
Switzerland
$71K -$104K -1,937 -62%
GC
66
Guggenheim Capital
Illinois
$69K -$10.4K -193 -14%
JCG
67
JHL Capital Group
Illinois
$60K – – –
BNP Paribas Financial Markets
68
BNP Paribas Financial Markets
France
$55.8K +$27.5K +511 +120%
MLICM
69
Metropolitan Life Insurance Company (MetLife)
New York
$53K +$48K +891 New
Citigroup
70
Citigroup
New York
$41K +$32.3K +599 +666%
Legal & General Group
71
Legal & General Group
United Kingdom
$39K – – –
Barclays
72
Barclays
United Kingdom
$39K +$35.6K +660 New
Parallax Volatility Advisers
73
Parallax Volatility Advisers
California
$37K +$33.5K +622 New
EWM
74
Endurance Wealth Management
Rhode Island
$30K – – –
AIP
75
Ameritas Investment Partners
Nebraska
$21K – – –
1 2
3
4

VATE Hedge Fund Activity: Q4 2017 in Review

81 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q4 2017, worth a combined $159M — up 19% from $134M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new VATE positions and 6 closed out — a net gain of 7 holders — while 24 added to existing stakes and 22 trimmed.

The largest buyer was Mittleman Investment Management, adding an estimated $4.31M. The largest seller was Nationwide Fund Advisors, exiting entirely with an estimated $1.2M sold.

  • 81 institutional investors held INNOVATE Corp (VATE) as of Q4 2017, up from 74 in Q3 2017.
  • Funds reported $159M of INNOVATE Corp stock for Q4 2017, up 19% quarter-over-quarter.
  • 13 funds opened new INNOVATE Corp positions in Q4 2017 and 6 closed out, a net change of +7 holders.
  • The largest INNOVATE Corp buyer in Q4 2017 was Mittleman Investment Management, an estimated $4.31M added.
  • The largest INNOVATE Corp seller in Q4 2017 was Nationwide Fund Advisors, an estimated $1.2M sold.

Based on aggregated 13F filings for Q4 2017.