INNOVATE Corp
VATE
81 hedge funds and large institutions have $157M invested in INNOVATE Corp in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
58% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 19
14% more call options, than puts
Call options by funds: $832K | Put options by funds: $730K
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
5% more capital invested
Capital invested by funds: $150M → $157M (+$6.96M)
0% more funds holding
Funds holding: 81 → 81 (0)
0.02% less ownership
Funds ownership: 5.75% → 5.74% (-0.02%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BSP
Benefit Street Partners
New York
|
+$1.7M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$732K |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$686K |
| 4 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$458K |
| 5 |
Renaissance Technologies
New York
|
+$445K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$1.78M |
| 2 |
Millennium Management
New York
|
-$1.11M |
| 3 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$761K |
| 4 |
MC
Menta Capital
San Francisco,
California
|
-$739K |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$707K |
VATE Hedge Fund Activity: Q3 2018 in Review
81 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2018, worth a combined $157M — up 4.6% from $150M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VATE positions and 13 closed out — a net gain of 1 holder — while 30 added to existing stakes and 19 trimmed.
The largest buyer was Benefit Street Partners, opening a new position worth an estimated $1.7M. The largest seller was B. Riley Financial, cutting an estimated $1.78M.
- 81 institutional investors held INNOVATE Corp (VATE) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $157M of INNOVATE Corp stock for Q3 2018, up 4.6% quarter-over-quarter.
- 14 funds opened new INNOVATE Corp positions in Q3 2018 and 13 closed out, a net change of +1 holder.
- The largest INNOVATE Corp buyer in Q3 2018 was Benefit Street Partners, an estimated $1.7M added.
- The largest INNOVATE Corp seller in Q3 2018 was B. Riley Financial, an estimated $1.78M sold.
Based on aggregated 13F filings for Q3 2018.