INNOVATE Corp
VATE
77 hedge funds and large institutions have $136M invested in INNOVATE Corp in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 10 closing their positions.
0.39% less ownership
Funds ownership: 6.22% → 5.83% (-0.39%)
5% less funds holding
Funds holding: 81 → 77 (-4)
15% less capital invested
Capital invested by funds: $159M → $136M (-$23.9M)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
80% less call options, than puts
Call options by funds: $102K | Put options by funds: $518K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$2.47M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$1.63M |
| 3 |
MIM
Mittleman Investment Management
Melville,
New York
|
+$1.57M |
| 4 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$1.12M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$971K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPH
Steel Partners Holdings
New York
|
-$5.95M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$3.19M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.53M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$1.32M |
| 5 |
BSP
Benefit Street Partners
New York
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LWA
76
Lenox Wealth Advisors
New York
| $1K | – | – | – |
|
|
S
77
SignatureFD
Atlanta,
Georgia
| $1K | +$955 | +17 | New |
|
|
SPH
78
Steel Partners Holdings
New York
| – | -$5.95M | -100,000 | Closed |
|
|
BC
79
Brookfield Corp
Toronto,
Ontario, Canada
| – | -$3.19M | -53,637 | Closed |
|
|
80
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$1.32M | -22,220 | Closed |
|
81
Nomura Holdings
Tokyo,
Japan
| – | -$407K | -6,825 | Closed |
|
|
ARTA
82
A.R.T. Advisors
New York
| – | -$269K | -4,535 | Closed |
|
|
MIM
83
MetLife Investment Management
Whippany,
New Jersey
| – | -$126K | -2,115 | Closed |
|
|
MLICM
84
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$53K | -891 | Closed |
|
85
Parallax Volatility Advisers
San Francisco,
California
| – | -$37K | -622 | Closed |
|
86
SEI Investments
Oaks,
Pennsylvania
| – | -$6K | -100 | Closed |
|
87
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -19 | Closed |
|
VATE Hedge Fund Activity: Q1 2018 in Review
77 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q1 2018, worth a combined $136M — down 15% from $159M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of VATE and 8 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 22 added.
The largest buyer was JP Morgan Chase, adding an estimated $2.47M. The largest seller was Steel Partners Holdings, exiting entirely with an estimated $5.95M sold.
- 77 institutional investors held INNOVATE Corp (VATE) as of Q1 2018, down from 81 in Q4 2017.
- Funds reported $136M of INNOVATE Corp stock for Q1 2018, down 15% quarter-over-quarter.
- 8 funds opened new INNOVATE Corp positions in Q1 2018 and 10 closed out, a net change of -2 holders.
- The largest INNOVATE Corp buyer in Q1 2018 was JP Morgan Chase, an estimated $2.47M added.
- The largest INNOVATE Corp seller in Q1 2018 was Steel Partners Holdings, an estimated $5.95M sold.
Based on aggregated 13F filings for Q1 2018.