INNOVATE Corp
VATE
83 hedge funds and large institutions have $53.7M invested in INNOVATE Corp in 2020 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 11 closing their positions.
118% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 11
82% more capital invested
Capital invested by funds: $29.6M → $53.7M (+$24.1M)
43% more call options, than puts
Call options by funds: $437K | Put options by funds: $306K
19% more funds holding
Funds holding: 70 → 83 (+13)
0.36% more ownership
Funds ownership: 3.78% → 4.14% (+0.36%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
29% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$5.87M |
| 2 |
State Street
Boston,
Massachusetts
|
+$1.34M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$785K |
| 4 |
GAG
GM Advisory Group
Melville,
New York
|
+$684K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$562K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Mittleman Investment Management
Melville,
New York
|
-$3.99M |
| 2 |
JP Morgan Chase
New York
|
-$678K |
| 3 |
LCG
Luxor Capital Group
New York
|
-$573K |
| 4 |
GJL
Gendell Jeffrey L
|
-$522K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$503K |
VATE Hedge Fund Activity: Q2 2020 in Review
83 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q2 2020, worth a combined $53.7M — up 82% from $29.6M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new VATE positions and 11 closed out — a net gain of 13 holders — while 20 added to existing stakes and 28 trimmed.
The largest buyer was BlackRock, adding an estimated $5.87M. The largest seller was Mittleman Investment Management, cutting an estimated $3.99M.
- 83 institutional investors held INNOVATE Corp (VATE) as of Q2 2020, up from 70 in Q1 2020.
- Funds reported $53.7M of INNOVATE Corp stock for Q2 2020, up 82% quarter-over-quarter.
- 24 funds opened new INNOVATE Corp positions in Q2 2020 and 11 closed out, a net change of +13 holders.
- The largest INNOVATE Corp buyer in Q2 2020 was BlackRock, an estimated $5.87M added.
- The largest INNOVATE Corp seller in Q2 2020 was Mittleman Investment Management, an estimated $3.99M sold.
Based on aggregated 13F filings for Q2 2020.