INNOVATE Corp
VATE
62 hedge funds and large institutions have $23.7M invested in INNOVATE Corp in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 15 closing their positions.
123% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 13
9% less funds holding
Funds holding: 68 → 62 (-6)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
70% less capital invested
Capital invested by funds: $78M → $23.7M (-$54.2M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Teton Advisors
Rye,
New York
|
+$3.36M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.66M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.67M |
| 4 |
Two Sigma Advisers
New York
|
+$1.55M |
| 5 |
Two Sigma Investments
New York
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raptor Capital Management
Boston,
Massachusetts
|
-$3.75M |
| 2 |
CS
Central Securities
New York
|
-$1.74M |
| 3 |
GCM
Greywolf Capital Management
Purchase,
New York
|
-$1.35M |
| 4 |
VAM
Visium Asset Management
New York
|
-$997K |
| 5 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$822K |
VATE Hedge Fund Activity: Q3 2013 in Review
62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2013, worth a combined $23.7M — down 70% from $78M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of VATE and 9 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 29 added.
The largest buyer was Teton Advisors, adding an estimated $3.36M. The largest seller was Raptor Capital Management, cutting an estimated $3.75M.
- 62 institutional investors held INNOVATE Corp (VATE) as of Q3 2013, down from 68 in Q2 2013.
- Funds reported $23.7M of INNOVATE Corp stock for Q3 2013, down 70% quarter-over-quarter.
- 9 funds opened new INNOVATE Corp positions in Q3 2013 and 15 closed out, a net change of -6 holders.
- The largest INNOVATE Corp buyer in Q3 2013 was Teton Advisors, an estimated $3.36M added.
- The largest INNOVATE Corp seller in Q3 2013 was Raptor Capital Management, an estimated $3.75M sold.
Based on aggregated 13F filings for Q3 2013.