INNOVATE Corp
VATE
65 hedge funds and large institutions have $103M invested in INNOVATE Corp in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 13 reducing their positions, and 11 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 13
0.51% more ownership
Funds ownership: 5.97% → 6.47% (+0.51%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
6% less funds holding
Funds holding: 69 → 65 (-4)
18% less capital invested
Capital invested by funds: $126M → $103M (-$23M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$7.14M |
| 2 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$7.04M |
| 3 |
SPH
Steel Partners Holdings
New York
|
+$3.84M |
| 4 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$1.23M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$476K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Caspian Capital
New York
|
-$5.28M |
| 2 |
ZC
Zelman Capital
Beachwood,
Ohio
|
-$3.83M |
| 3 |
OA
Omega Advisors
New York
|
-$2.65M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.35M |
| 5 |
WPP
Whalerock Point Partners
Providence,
Rhode Island
|
-$616K |
VATE Hedge Fund Activity: Q1 2016 in Review
65 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q1 2016, worth a combined $103M — down 18% from $126M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VATE and 7 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 26 added.
The largest buyer was Jefferies Group, adding an estimated $7.14M. The largest seller was Caspian Capital, exiting entirely with an estimated $5.28M sold.
- 65 institutional investors held INNOVATE Corp (VATE) as of Q1 2016, down from 69 in Q4 2015.
- Funds reported $103M of INNOVATE Corp stock for Q1 2016, down 18% quarter-over-quarter.
- 7 funds opened new INNOVATE Corp positions in Q1 2016 and 11 closed out, a net change of -4 holders.
- The largest INNOVATE Corp buyer in Q1 2016 was Jefferies Group, an estimated $7.14M added.
- The largest INNOVATE Corp seller in Q1 2016 was Caspian Capital, an estimated $5.28M sold.
Based on aggregated 13F filings for Q1 2016.