INNOVATE Corp
VATE
58 hedge funds and large institutions have $87M invested in INNOVATE Corp in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 11 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
12% more capital invested
Capital invested by funds: $77.9M → $87M (+$9.12M)
0.23% more ownership
Funds ownership: 3.43% → 3.66% (+0.23%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 62 → 58 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$2.13M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.34M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$1.15M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$822K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$579K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$998K |
| 2 |
DCM
DG Capital Management
New York
|
-$612K |
| 3 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$563K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$345K |
| 5 |
BIP
Brandes Investment Partners
La Jolla,
California
|
-$184K |
VATE Hedge Fund Activity: Q3 2015 in Review
58 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2015, worth a combined $87M — up 12% from $77.9M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VATE and 7 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 20 added.
The largest buyer was Dialectic Capital Management, adding an estimated $2.13M. The largest seller was Millennium Management, exiting entirely with an estimated $998K sold.
- 58 institutional investors held INNOVATE Corp (VATE) as of Q3 2015, down from 62 in Q2 2015.
- Funds reported $87M of INNOVATE Corp stock for Q3 2015, up 12% quarter-over-quarter.
- 7 funds opened new INNOVATE Corp positions in Q3 2015 and 11 closed out, a net change of -4 holders.
- The largest INNOVATE Corp buyer in Q3 2015 was Dialectic Capital Management, an estimated $2.13M added.
- The largest INNOVATE Corp seller in Q3 2015 was Millennium Management, an estimated $998K sold.
Based on aggregated 13F filings for Q3 2015.