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INNOVATE Corp
VATE

42 hedge funds and large institutions have $77.4M invested in INNOVATE Corp in 2015 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

433% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 3

46% more capital invested

Capital invested by funds: $53.1M → $77.4M (+$24.3M)

45% more funds holding

Funds holding: 29 → 42 (+13)

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

0.3% more ownership

Funds ownership: 2.68% → 2.98% (+0.3%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
42
Holders Change
+13
Holders Change %
+44.83%
% of All Funds
1.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
16
Increased
7
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$2.4M
2
WPP
Whalerock Point Partners
Rhode Island
+$1.46M
3
WIC
Water Island Capital
New York
+$1.33M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.15M
5
LCG
Luxor Capital Group
New York
+$997K

Top Sellers

1
DCM
DG Capital Management
New York
-$910K
2
KPF
K2 Principal Fund
Ontario, Canada
-$523K
3
CC
Caspian Capital
New York
-$517K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$451K
5
FMA
FNY Managed Accounts
New York
-$422K
Name Holding Trade Value Shares
Change 		Change in
Stake
DCM
1
DG Capital Management
New York
$11.9M -$910K -10,753 -9%
WPP
2
Whalerock Point Partners
Rhode Island
$11.4M +$1.46M +17,279 +20%
Hudson Bay Capital Management
3
Hudson Bay Capital Management
Connecticut
$9.36M – – –
CC
4
Caspian Capital
New York
$8.46M -$517K -6,108 -7%
TA
5
Teton Advisors
New York
$7.83M – – –
WIC
6
Water Island Capital
New York
$5.66M +$1.33M +15,668 +43%
GF
7
Gabelli Funds
New York
$3.1M – – –
Vanguard Group
8
Vanguard Group
Pennsylvania
$3.1M +$2.4M +28,320 New
Morgan Stanley
9
Morgan Stanley
New York
$2.79M +$159K +1,878 +8%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$2.3M – – –
CC
11
Cannell Capital
Wyoming
$1.51M -$171K -2,020 -13%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$1.49M +$1.15M +13,590 New
Nomura Holdings
13
Nomura Holdings
Japan
$1.31M – – –
LCG
14
Luxor Capital Group
New York
$1.29M +$997K +11,776 New
Ameriprise
15
Ameriprise
Minnesota
$1.28M +$392K +4,631 +66%
Stifel Financial
16
Stifel Financial
Missouri
$865K +$1.69K +20 +0.3%
GCIA
17
Gabelli & Co Investment Advisers
New York
$626K – – –
CS
18
Credit Suisse
Switzerland
$260K +$201K +2,370 New
Goldman Sachs
19
Goldman Sachs
New York
$258K +$199K +2,356 New
BIP
20
Brandes Investment Partners
California
$226K – – –
California Public Employees Retirement System
21
California Public Employees Retirement System
California
$216K – – –
Northern Trust
22
Northern Trust
Illinois
$211K +$163K +1,924 New
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$211K +$163K +1,930 New
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$185K +$143K +1,689 New
Bank of America
25
Bank of America
North Carolina
$181K – – –
1
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VATE Hedge Fund Activity: Q1 2015 in Review

42 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q1 2015, worth a combined $77.4M — up 46% from $53.1M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new VATE positions and 3 closed out — a net gain of 13 holders — while 7 added to existing stakes and 5 trimmed.

The largest buyer was Vanguard Group, opening a new position worth an estimated $2.4M. The largest seller was DG Capital Management, cutting an estimated $910K.

  • 42 institutional investors held INNOVATE Corp (VATE) as of Q1 2015, up from 29 in Q4 2014.
  • Funds reported $77.4M of INNOVATE Corp stock for Q1 2015, up 46% quarter-over-quarter.
  • 16 funds opened new INNOVATE Corp positions in Q1 2015 and 3 closed out, a net change of +13 holders.
  • The largest INNOVATE Corp buyer in Q1 2015 was Vanguard Group, an estimated $2.4M added.
  • The largest INNOVATE Corp seller in Q1 2015 was DG Capital Management, an estimated $910K sold.

Based on aggregated 13F filings for Q1 2015.