INNOVATE Corp
VATE
83 hedge funds and large institutions have $143M invested in INNOVATE Corp in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 34 increasing their positions, 15 reducing their positions, and 10 closing their positions.
127% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 15
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
12% more capital invested
Capital invested by funds: $127M → $143M (+$15.4M)
5% more funds holding
Funds holding: 79 → 83 (+4)
0.91% less ownership
Funds ownership: 6.67% → 5.76% (-0.91%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
97% less call options, than puts
Call options by funds: $4K | Put options by funds: $150K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$3.02M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$1.43M |
| 3 |
JP Morgan Chase
New York
|
+$1.34M |
| 4 |
MC
Menta Capital
San Francisco,
California
|
+$1.13M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.13M |
| 2 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$1.07M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$653K |
| 4 |
WPP
Whalerock Point Partners
Providence,
Rhode Island
|
-$355K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$345K |
VATE Hedge Fund Activity: Q4 2016 in Review
83 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q4 2016, worth a combined $143M — up 12% from $127M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new VATE positions and 10 closed out — a net gain of 7 holders — while 34 added to existing stakes and 15 trimmed.
The largest buyer was Dialectic Capital Management, adding an estimated $3.02M. The largest seller was Deutsche Bank, cutting an estimated $3.13M.
- 83 institutional investors held INNOVATE Corp (VATE) as of Q4 2016, up from 79 in Q3 2016.
- Funds reported $143M of INNOVATE Corp stock for Q4 2016, up 12% quarter-over-quarter.
- 17 funds opened new INNOVATE Corp positions in Q4 2016 and 10 closed out, a net change of +7 holders.
- The largest INNOVATE Corp buyer in Q4 2016 was Dialectic Capital Management, an estimated $3.02M added.
- The largest INNOVATE Corp seller in Q4 2016 was Deutsche Bank, an estimated $3.13M sold.
Based on aggregated 13F filings for Q4 2016.