INNOVATE Corp
VATE
70 hedge funds and large institutions have $118M invested in INNOVATE Corp in 2021 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 18 closing their positions.
5% more capital invested
Capital invested by funds: $113M → $118M (+$5.35M)
0.05% more ownership
Funds ownership: 3.66% → 3.7% (+0.05%)
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
15% less funds holding
Funds holding: 82 → 70 (-12)
61% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 18
77% less call options, than puts
Call options by funds: $261K | Put options by funds: $1.11M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$7.56M |
| 2 |
AIP
ARS Investment Partners
New York
|
+$2.06M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$1.25M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$803K |
| 5 |
HF
HRT Financial
New York
|
+$368K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$5.44M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$968K |
| 3 |
BlackRock
New York
|
-$823K |
| 4 |
Two Sigma Investments
New York
|
-$762K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$620K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QOP
76
Quinn Opportunity Partners
Charlottesville,
Virginia
| – | -$115K | -2,881 | Closed |
|
|
BSP
77
Benefit Street Partners
New York
| – | -$111K | -2,781 | Closed |
|
|
E
78
Ergoteles
New York
| – | -$105K | -2,630 | Closed |
|
79
Neuberger Berman Group
New York
| – | -$60K | -1,500 | Closed |
|
80
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$50K | -1,273 | Closed |
|
81
ProShare Advisors
Bethesda,
Maryland
| – | -$49K | -1,229 | Closed |
|
82
BNP Paribas Financial Markets
Paris,
France
| – | -$46.2K | -1,160 | Closed |
|
|
EVC
83
Eidelman Virant Capital
Saint Louis,
Missouri
| – | -$40K | -1,000 | Closed |
|
|
NFSG
84
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$20K | -500 | Closed |
|
|
SIG
85
Sargent Investment Group
Bethesda,
Maryland
| – | -$20K | -500 | Closed |
|
86
Fidelity Investments
Boston,
Massachusetts
| – | -$1K | -30 | Closed |
|
|
S
87
SignatureFD
Atlanta,
Georgia
| – | -$1K | -19 | Closed |
|
88
Barclays
London,
United Kingdom
| – | -$1K | -16 | Closed |
|
VATE Hedge Fund Activity: Q3 2021 in Review
70 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2021, worth a combined $118M — up 4.7% from $113M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of VATE and 7 opened new positions — a net loss of 11 holders — while 25 trimmed existing stakes and 24 added.
The largest buyer was B. Riley Financial, opening a new position worth an estimated $7.56M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $5.44M sold.
- 70 institutional investors held INNOVATE Corp (VATE) as of Q3 2021, down from 82 in Q2 2021.
- Funds reported $118M of INNOVATE Corp stock for Q3 2021, up 4.7% quarter-over-quarter.
- 7 funds opened new INNOVATE Corp positions in Q3 2021 and 18 closed out, a net change of -11 holders.
- The largest INNOVATE Corp buyer in Q3 2021 was B. Riley Financial, an estimated $7.56M added.
- The largest INNOVATE Corp seller in Q3 2021 was Driehaus Capital Management, an estimated $5.44M sold.
Based on aggregated 13F filings for Q3 2021.