INNOVATE Corp
VATE
58 hedge funds and large institutions have $45.2M invested in INNOVATE Corp in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 26 closing their positions.
1,896% more call options, than puts
Call options by funds: $459K | Put options by funds: $23K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
0.1% less ownership
Funds ownership: 3.37% → 3.27% (-0.1%)
18% less funds holding
Funds holding: 71 → 58 (-13)
43% less capital invested
Capital invested by funds: $78.9M → $45.2M (-$33.7M)
46% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.54M |
| 2 |
WCM
Whitefort Capital Management
New York
|
+$3.24M |
| 3 |
State Street
Boston,
Massachusetts
|
+$993K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$951K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$647K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$7.53M |
| 2 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$3.29M |
| 3 |
Millennium Management
New York
|
-$1.16M |
| 4 |
Jane Street
New York
|
-$933K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$776K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
76
ExodusPoint Capital Management
New York
| – | -$35K | -1,185 | Closed |
|
77
Wolverine Trading
Chicago,
Illinois
| – | -$32K | -1,095 | Closed |
|
78
Two Sigma Investments
New York
| – | -$31.3K | -1,055 | Closed |
|
79
Point72 Asset Management
Stamford,
Connecticut
| – | -$31.2K | -1,049 | Closed |
|
|
PMEF
80
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$20.3K | -683 | Closed |
|
81
Citadel Advisors
Miami,
Florida
| – | -$13K | -608 | Closed |
|
|
TC
82
Truvestments Capital
Sarasota,
Florida
| – | -$5.35K | -180 | Closed |
|
83
Fidelity Investments
Boston,
Massachusetts
| – | -$297 | -10 | Closed |
|
|
CAL
84
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | -$193 | -9 | -35% |
|
VATE Hedge Fund Activity: Q2 2023 in Review
58 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q2 2023, worth a combined $45.2M — down 43% from $78.9M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of VATE and 14 opened new positions — a net loss of 12 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was BlackRock, adding an estimated $4.54M. The largest seller was Bank of America, cutting an estimated $7.53M.
- 58 institutional investors held INNOVATE Corp (VATE) as of Q2 2023, down from 71 in Q1 2023.
- Funds reported $45.2M of INNOVATE Corp stock for Q2 2023, down 43% quarter-over-quarter.
- 14 funds opened new INNOVATE Corp positions in Q2 2023 and 26 closed out, a net change of -12 holders.
- The largest INNOVATE Corp buyer in Q2 2023 was BlackRock, an estimated $4.54M added.
- The largest INNOVATE Corp seller in Q2 2023 was Bank of America, an estimated $7.53M sold.
Based on aggregated 13F filings for Q2 2023.