INNOVATE Corp
VATE
74 hedge funds and large institutions have $134M invested in INNOVATE Corp in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.38% less ownership
Funds ownership: 6.25% → 5.87% (-0.38%)
12% less funds holding
Funds holding: 84 → 74 (-10)
14% less capital invested
Capital invested by funds: $155M → $134M (-$21.4M)
16% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 25
51% less call options, than puts
Call options by funds: $271K | Put options by funds: $553K
63% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$2.85M |
| 2 |
MIM
Mittleman Investment Management
Melville,
New York
|
+$2.4M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$364K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$309K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BSP
Benefit Street Partners
New York
|
-$4.63M |
| 2 |
Renaissance Technologies
New York
|
-$1.01M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.01M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$959K |
| 5 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$789K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NI
76
Numeric Investors
Boston,
Massachusetts
| – | -$959K | -16,310 | Closed |
|
|
TC
77
TFS Capital
West Chester,
Pennsylvania
| – | -$667K | -11,350 | Closed |
|
|
PCP
78
Proficio Capital Partners
Newton,
Massachusetts
| – | -$286K | -4,800 | Closed |
|
79
Arrowstreet Capital
Boston,
Massachusetts
| – | -$231K | -3,932 | Closed |
|
80
Wolverine Trading
Chicago,
Illinois
| – | -$192K | -3,602 | Closed |
|
|
MLICM
81
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$182K | -3,094 | Closed |
|
|
HHC
82
Hutchin Hill Capital
New York
| – | -$175K | -2,980 | Closed |
|
|
ST
83
Spot Trading
Chicago,
Illinois
| – | -$82K | -1,398 | Closed |
|
84
LPL Financial
San Diego,
California
| – | -$76K | -1,298 | Closed |
|
85
Jane Street
New York
| – | -$63K | -1,071 | Closed |
|
|
AIM
86
Acrospire Investment Management
Chicago,
Illinois
| – | -$32K | -544 | Closed |
|
87
Simplex Trading
Chicago,
Illinois
| – | -$14K | -253 | Closed |
|
|
OIA
88
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$12K | -200 | Closed |
|
89
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$4K | -69 | Closed |
|
VATE Hedge Fund Activity: Q3 2017 in Review
74 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2017, worth a combined $134M — down 14% from $155M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of VATE and 6 opened new positions — a net loss of 10 holders — while 25 trimmed existing stakes and 21 added.
The largest buyer was JP Morgan Chase, adding an estimated $2.85M. The largest seller was Benefit Street Partners, exiting entirely with an estimated $4.63M sold.
- 74 institutional investors held INNOVATE Corp (VATE) as of Q3 2017, down from 84 in Q2 2017.
- Funds reported $134M of INNOVATE Corp stock for Q3 2017, down 14% quarter-over-quarter.
- 6 funds opened new INNOVATE Corp positions in Q3 2017 and 16 closed out, a net change of -10 holders.
- The largest INNOVATE Corp buyer in Q3 2017 was JP Morgan Chase, an estimated $2.85M added.
- The largest INNOVATE Corp seller in Q3 2017 was Benefit Street Partners, an estimated $4.63M sold.
Based on aggregated 13F filings for Q3 2017.