INNOVATE Corp
VATE
84 hedge funds and large institutions have $156M invested in INNOVATE Corp in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 9 closing their positions.
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
9% more capital invested
Capital invested by funds: $143M → $156M (+$13.3M)
1% more funds holding
Funds holding: 83 → 84 (+1)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
0.25% more ownership
Funds ownership: 5.76% → 6.01% (+0.25%)
87% less call options, than puts
Call options by funds: $111K | Put options by funds: $884K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$10.9M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$2.63M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.67M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.66M |
| 5 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPM
Equitec Proprietary Markets
Chicago,
Illinois
|
-$894K |
| 2 |
CCMH
Cornerstone Capital Management Holdings
New York
|
-$762K |
| 3 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$692K |
| 4 |
Morgan Stanley
New York
|
-$692K |
| 5 |
WPP
Whalerock Point Partners
Providence,
Rhode Island
|
-$582K |
VATE Hedge Fund Activity: Q1 2017 in Review
84 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q1 2017, worth a combined $156M — up 9.3% from $143M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VATE positions and 9 closed out — a net gain of 5 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was BlackRock, adding an estimated $10.9M. The largest seller was Equitec Proprietary Markets, cutting an estimated $894K.
- 84 institutional investors held INNOVATE Corp (VATE) as of Q1 2017, up from 83 in Q4 2016.
- Funds reported $156M of INNOVATE Corp stock for Q1 2017, up 9.3% quarter-over-quarter.
- 14 funds opened new INNOVATE Corp positions in Q1 2017 and 9 closed out, a net change of +5 holders.
- The largest INNOVATE Corp buyer in Q1 2017 was BlackRock, an estimated $10.9M added.
- The largest INNOVATE Corp seller in Q1 2017 was Equitec Proprietary Markets, an estimated $894K sold.
Based on aggregated 13F filings for Q1 2017.