INNOVATE Corp
VATE
66 hedge funds and large institutions have $97.7M invested in INNOVATE Corp in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 13 reducing their positions, and 10 closing their positions.
900% more call options, than puts
Call options by funds: $10K | Put options by funds: $1K
108% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 13
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
2% more funds holding
Funds holding: 65 → 66 (+1)
0.07% less ownership
Funds ownership: 6.47% → 6.4% (-0.07%)
5% less capital invested
Capital invested by funds: $103M → $97.7M (-$4.89M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Wingspan Investment Management
New York
|
+$5.91M |
| 2 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$1.58M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$975K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$749K |
| 5 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$646K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$15.6M |
| 2 |
WIC
Water Island Capital
New York
|
-$2.08M |
| 3 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$1.66M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$934K |
| 5 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$884K |
VATE Hedge Fund Activity: Q2 2016 in Review
66 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q2 2016, worth a combined $97.7M — down 4.8% from $103M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new VATE positions and 10 closed out — a net gain of 2 holders — while 27 added to existing stakes and 13 trimmed.
The largest buyer was Wingspan Investment Management, opening a new position worth an estimated $5.91M. The largest seller was Hudson Bay Capital Management, exiting entirely with an estimated $15.6M sold.
- 66 institutional investors held INNOVATE Corp (VATE) as of Q2 2016, up from 65 in Q1 2016.
- Funds reported $97.7M of INNOVATE Corp stock for Q2 2016, down 4.8% quarter-over-quarter.
- 12 funds opened new INNOVATE Corp positions in Q2 2016 and 10 closed out, a net change of +2 holders.
- The largest INNOVATE Corp buyer in Q2 2016 was Wingspan Investment Management, an estimated $5.91M added.
- The largest INNOVATE Corp seller in Q2 2016 was Hudson Bay Capital Management, an estimated $15.6M sold.
Based on aggregated 13F filings for Q2 2016.