INNOVATE Corp
VATE
73 hedge funds and large institutions have $55.5M invested in INNOVATE Corp in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 27 reducing their positions, and 13 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.52% less ownership
Funds ownership: 5.56% → 5.04% (-0.52%)
7% less capital invested
Capital invested by funds: $60M → $55.5M (-$4.45M)
9% less funds holding
Funds holding: 80 → 73 (-7)
41% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 27
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
99% less call options, than puts
Call options by funds: $2K | Put options by funds: $261K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$474K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$354K |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$225K |
| 4 |
LCG
Luxor Capital Group
New York
|
+$155K |
| 5 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$2.06M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$797K |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$512K |
| 4 |
Jane Street
New York
|
-$375K |
| 5 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
-$368K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Renaissance Technologies
New York
| – | -$240K | -10,169 | Closed |
|
|
FIA
77
FNY Investment Advisers
New York
| – | -$81.4K | -3,750 | Closed |
|
|
GCIA
78
Gabelli & Co Investment Advisers
Rye,
New York
| – | -$88K | -3,710 | Closed |
|
|
JCM
79
JS Capital Management
New York
| – | -$69K | -2,930 | Closed |
|
|
PP
80
Palladium Partners
Norfolk,
Virginia
| – | -$47K | -2,000 | Closed |
|
|
VF
81
Virtu Financial
New York
| – | -$45K | -1,892 | Closed |
|
82
Goldman Sachs
New York
| – | -$35K | -1,475 | Closed |
|
83
Two Sigma Investments
New York
| – | -$33K | -1,386 | Closed |
|
|
CHAM
84
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$24K | -1,025 | Closed |
|
85
Legal & General Group
London,
United Kingdom
| – | -$16K | -661 | Closed |
|
|
AG
86
Advisor Group
Phoenix,
Arizona
| – | -$2K | -100 | Closed |
|
VATE Hedge Fund Activity: Q3 2019 in Review
73 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2019, worth a combined $55.5M — down 7.4% from $60M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of VATE and 7 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 16 added.
The largest buyer was Equitec Specialists, adding an estimated $474K. The largest seller was Raging Capital Management, exiting entirely with an estimated $2.06M sold.
- 73 institutional investors held INNOVATE Corp (VATE) as of Q3 2019, down from 80 in Q2 2019.
- Funds reported $55.5M of INNOVATE Corp stock for Q3 2019, down 7.4% quarter-over-quarter.
- 7 funds opened new INNOVATE Corp positions in Q3 2019 and 13 closed out, a net change of -6 holders.
- The largest INNOVATE Corp buyer in Q3 2019 was Equitec Specialists, an estimated $474K added.
- The largest INNOVATE Corp seller in Q3 2019 was Raging Capital Management, an estimated $2.06M sold.
Based on aggregated 13F filings for Q3 2019.