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INNOVATE Corp
VATE

62 hedge funds and large institutions have $23.7M invested in INNOVATE Corp in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 13

9% less funds holding

Funds holding: 68 → 62 (-6)

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

70% less capital invested

Capital invested by funds: $78M → $23.7M (-$54.2M)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

Holders
62
Holders Change
-6
Holders Change %
-8.82%
% of All Funds
2.01%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
29
Reduced
13
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TA
Teton Advisors
New York
+$3.36M
2
WAM
Wolverine Asset Management
Illinois
+$2.66M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.67M
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$1.55M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.16M

Top Sellers

1
RCM
Raptor Capital Management
Massachusetts
-$3.75M
2
CS
Central Securities
New York
-$1.74M
3
GCM
Greywolf Capital Management
New York
-$1.35M
4
VAM
Visium Asset Management
New York
-$997K
5
WA
Whitebox Advisors
Minnesota
-$822K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
1
Archer Capital Management
New York
$3.77M – – –
RCM
2
Raptor Capital Management
Massachusetts
$1.67M -$3.75M -41,336 -46%
MWVC
3
Morgens Waterfall Vintiadis & Co
New York
$1.63M – – –
TA
4
Teton Advisors
New York
$1.53M +$3.36M +37,000 +453%
CAM
5
Chou Associates Management
Ontario, Canada
$1.53M – – –
BFA
6
BlackRock Fund Advisors
California
$1.26M +$566K +6,239 +20%
WAM
7
Wolverine Asset Management
Illinois
$1.16M +$2.66M +29,269 +585%
SCM
8
Sandler Capital Management
New York
$1.15M – – –
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$911K +$283K +3,114 +13%
Morgan Stanley
10
Morgan Stanley
New York
$747K +$435K +4,794 +28%
Vanguard Group
11
Vanguard Group
Pennsylvania
$710K +$22.7K +250 +1%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$623K +$1.67M +18,380 New
Two Sigma Advisers
13
Two Sigma Advisers
New York
$580K +$1.55M +17,100 New
State Street
14
State Street
Massachusetts
$563K +$33.1K +365 +2%
BIT
15
BlackRock Institutional Trust
California
$517K -$95.7K -1,054 -6%
Northern Trust
16
Northern Trust
Illinois
$452K -$283K -3,117 -19%
Millennium Management
17
Millennium Management
New York
$435K +$76.9K +847 +7%
Two Sigma Investments
18
Two Sigma Investments
New York
$434K +$1.16M +12,819 New
Acadian Asset Management
19
Acadian Asset Management
Massachusetts
$410K +$1.09M +12,036 New
Nomura Holdings
20
Nomura Holdings
Japan
$406K – – –
GI
21
GAMCO Investors
Connecticut
$339K +$454K +5,000 +100%
BCM
22
Bridgeway Capital Management
Texas
$283K – – –
TCIM
23
TIAA CREF Investment Management
New York
$234K -$5.81K -64 -0.9%
GCIA
24
Gabelli & Co Investment Advisers
New York
$200K +$24.6K +271 +5%
PPA
25
Parametric Portfolio Associates
Washington
$170K +$50.5K +556 +12%
1
2 3 4

VATE Hedge Fund Activity: Q3 2013 in Review

62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2013, worth a combined $23.7M — down 70% from $78M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of VATE and 9 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 29 added.

The largest buyer was Teton Advisors, adding an estimated $3.36M. The largest seller was Raptor Capital Management, cutting an estimated $3.75M.

  • 62 institutional investors held INNOVATE Corp (VATE) as of Q3 2013, down from 68 in Q2 2013.
  • Funds reported $23.7M of INNOVATE Corp stock for Q3 2013, down 70% quarter-over-quarter.
  • 9 funds opened new INNOVATE Corp positions in Q3 2013 and 15 closed out, a net change of -6 holders.
  • The largest INNOVATE Corp buyer in Q3 2013 was Teton Advisors, an estimated $3.36M added.
  • The largest INNOVATE Corp seller in Q3 2013 was Raptor Capital Management, an estimated $3.75M sold.

Based on aggregated 13F filings for Q3 2013.