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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Mittleman Investment Management
Melville,
New York
|
+$4.31M |
| 2 |
BSP
Benefit Street Partners
New York
|
+$3.57M |
| 3 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$2.89M |
| 4 |
CG
Caprock Group
Boise,
Idaho
|
+$593K |
| 5 |
Charles Schwab
San Francisco,
California
|
+$567K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$1.2M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$724K |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
-$617K |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$607K |
| 5 |
JP Morgan Chase
New York
|
-$552K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
76
Cutler Group
San Francisco,
California
| $7K | -$30.2K | -560 | -82% |
|
77
SEI Investments
Oaks,
Pennsylvania
| $6K | +$5.39K | +100 | New |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| $2K | -$37.5K | -696 | -95% |
|
|
WAM
79
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $2K | – | – | – |
|
80
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | -$18.2K | -337 | -95% |
|
|
LWA
81
Lenox Wealth Advisors
New York
| $1K | +$916 | +17 | New |
|
|
NFA
82
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$1.2M | -22,688 | Closed |
|
|
DCM
83
Driehaus Capital Management
Chicago,
Illinois
| – | -$484K | -9,162 | Closed |
|
84
Citadel Advisors
Miami,
Florida
| – | -$140K | -2,643 | Closed |
|
|
SIM
85
Spark Investment Management
New York
| – | -$138K | -2,630 | Closed |
|
|
FPF
86
FNY Partners Fund
New York
| – | -$52K | -1,000 | Closed |
|
|
EPM
87
Equitec Proprietary Markets
Chicago,
Illinois
| – | -$33K | -619 | Closed |
|
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.