INNOVATE Corp
VATE
70 hedge funds and large institutions have $29.6M invested in INNOVATE Corp in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 13 closing their positions.
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
0% more funds holding
Funds holding: 70 → 70 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.14% less ownership
Funds ownership: 4.92% → 3.78% (-1.1%)
40% less capital invested
Capital invested by funds: $49.2M → $29.6M (-$19.6M)
52% less call options, than puts
Call options by funds: $88K | Put options by funds: $185K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$1.17M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$864K |
| 3 |
Renaissance Technologies
New York
|
+$813K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$632K |
| 5 |
TCM
Tegean Capital Management
New York
|
+$461K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$9.03M |
| 2 |
ES
Equitec Specialists
Chicago,
Illinois
|
-$2.14M |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
-$983K |
| 4 |
MIM
Mittleman Investment Management
Melville,
New York
|
-$796K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$471K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
AQR Capital Management
Greenwich,
Connecticut
| – | -$63K | -2,886 | Closed |
|
|
OAM
77
Oxford Asset Management
Oxford,
United Kingdom
| – | -$57K | -2,630 | Closed |
|
78
SEI Investments
Oaks,
Pennsylvania
| – | -$38K | -1,754 | Closed |
|
|
FIA
79
FNY Investment Advisers
New York
| – | -$32K | -1,500 | Closed |
|
|
CHAM
80
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$18.4K | -850 | Closed |
|
81
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
| – | -$8K | -353 | Closed |
|
VATE Hedge Fund Activity: Q1 2020 in Review
70 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q1 2020, worth a combined $29.6M — down 40% from $49.2M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new VATE positions and 13 closed out — a net gain of 3 holders — while 21 added to existing stakes and 20 trimmed.
The largest buyer was Gendell Jeffrey L, opening a new position worth an estimated $1.17M. The largest seller was B. Riley Financial, exiting entirely with an estimated $9.03M sold.
- 70 institutional investors held INNOVATE Corp (VATE) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $29.6M of INNOVATE Corp stock for Q1 2020, down 40% quarter-over-quarter.
- 16 funds opened new INNOVATE Corp positions in Q1 2020 and 13 closed out, a net change of +3 holders.
- The largest INNOVATE Corp buyer in Q1 2020 was Gendell Jeffrey L, an estimated $1.17M added.
- The largest INNOVATE Corp seller in Q1 2020 was B. Riley Financial, an estimated $9.03M sold.
Based on aggregated 13F filings for Q1 2020.