INNOVATE Corp
VATE
80 hedge funds and large institutions have $60M invested in INNOVATE Corp in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 30 reducing their positions, and 23 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.75% less ownership
Funds ownership: 6.31% → 5.56% (-0.75%)
13% less funds holding
Funds holding: 92 → 80 (-12)
14% less capital invested
Capital invested by funds: $69.6M → $60M (-$9.63M)
37% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 30
43% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 23
93% less call options, than puts
Call options by funds: $9K | Put options by funds: $138K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$2.14M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$1.72M |
| 3 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$938K |
| 4 |
Millennium Management
New York
|
+$850K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$782K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.53M |
| 2 |
JP Morgan Chase
New York
|
-$3.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.15M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.46M |
| 5 |
MIM
Mittleman Investment Management
Melville,
New York
|
-$925K |
VATE Hedge Fund Activity: Q2 2019 in Review
80 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q2 2019, worth a combined $60M — down 14% from $69.6M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of VATE and 13 opened new positions — a net loss of 10 holders — while 30 trimmed existing stakes and 19 added.
The largest buyer was Raging Capital Management, opening a new position worth an estimated $2.14M. The largest seller was BlackRock, cutting an estimated $3.53M.
- 80 institutional investors held INNOVATE Corp (VATE) as of Q2 2019, down from 92 in Q1 2019.
- Funds reported $60M of INNOVATE Corp stock for Q2 2019, down 14% quarter-over-quarter.
- 13 funds opened new INNOVATE Corp positions in Q2 2019 and 23 closed out, a net change of -10 holders.
- The largest INNOVATE Corp buyer in Q2 2019 was Raging Capital Management, an estimated $2.14M added.
- The largest INNOVATE Corp seller in Q2 2019 was BlackRock, an estimated $3.53M sold.
Based on aggregated 13F filings for Q2 2019.