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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.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 13

37% more capital inflows, than outflows

Capital inflows: $22.6M | Capital outflows: $16.4M

5.07% more ownership

Funds ownership: 59.65% → 64.72% (+5.1%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

6% less funds holding

Funds holding: 69 → 65 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
65
Holders Change
-4
Holders Change %
-5.8%
% of All Funds
1.73%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
7
Increased
26
Reduced
13
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jefferies Group
Jefferies Group
New York
+$7.14M
2
RCM
Raging Capital Management
New Jersey
+$7.04M
3
SPH
Steel Partners Holdings
New York
+$3.84M
4
BRF
B. Riley Financial
California
+$1.23M
5
Bridgeway Capital Management
Bridgeway Capital Management
Texas
+$476K

Top Sellers

Rank Fund Capital Flow
1
CC
Caspian Capital
New York
-$5.28M
2
ZC
Zelman Capital
Ohio
-$3.84M
3
Omega Advisors
Omega Advisors
New York
-$2.64M
4
Putnam Investments
Putnam Investments
Massachusetts
-$2.35M
5
WPP
Whalerock Point Partners
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.