INNOVATE Corp
VATE
69 hedge funds and large institutions have $126M invested in INNOVATE Corp in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
44% more capital invested
Capital invested by funds: $87.1M → $126M (+$38.5M)
19% more funds holding
Funds holding: 58 → 69 (+11)
2.3% more ownership
Funds ownership: 3.66% → 5.97% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$19.7M |
| 2 |
JG
Jefferies Group
New York
|
+$10.9M |
| 3 |
MIM
Mittleman Investment Management
Melville,
New York
|
+$10.1M |
| 4 |
AFG
American Financial Group
Cincinnati,
Ohio
|
+$6.61M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$6.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$5.67M |
| 2 |
DCM
DG Capital Management
New York
|
-$1.7M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$840K |
| 4 |
WIC
Water Island Capital
New York
|
-$359K |
| 5 |
FMA
FNY Managed Accounts
New York
|
-$351K |
VATE Hedge Fund Activity: Q4 2015 in Review
69 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q4 2015, worth a combined $126M — up 44% from $87.1M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new VATE positions and 5 closed out — a net gain of 11 holders — while 24 added to existing stakes and 15 trimmed.
The largest buyer was Putnam Investments, opening a new position worth an estimated $19.7M. The largest seller was Hudson Bay Capital Management, cutting an estimated $5.67M.
- 69 institutional investors held INNOVATE Corp (VATE) as of Q4 2015, up from 58 in Q3 2015.
- Funds reported $126M of INNOVATE Corp stock for Q4 2015, up 44% quarter-over-quarter.
- 16 funds opened new INNOVATE Corp positions in Q4 2015 and 5 closed out, a net change of +11 holders.
- The largest INNOVATE Corp buyer in Q4 2015 was Putnam Investments, an estimated $19.7M added.
- The largest INNOVATE Corp seller in Q4 2015 was Hudson Bay Capital Management, an estimated $5.67M sold.
Based on aggregated 13F filings for Q4 2015.