INNOVATE Corp
VATE
81 hedge funds and large institutions have $159M invested in INNOVATE Corp in 2017 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
17% more capital invested
Capital invested by funds: $136M → $159M (+$23M)
8% more funds holding
Funds holding: 75 → 81 (+6)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
0.22% more ownership
Funds ownership: 6% → 6.22% (+0.22%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Mittleman Investment Management
Melville,
New York
|
+$4.31M |
| 2 |
BSP
Benefit Street Partners
New York
|
+$3.57M |
| 3 |
CG
Caprock Group
Boise,
Idaho
|
+$593K |
| 4 |
Charles Schwab
San Francisco,
California
|
+$567K |
| 5 |
Millennium Management
New York
|
+$325K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$1.2M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$724K |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
-$617K |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$607K |
| 5 |
JP Morgan Chase
New York
|
-$552K |
VATE Hedge Fund Activity: Q4 2017 in Review
81 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q4 2017, worth a combined $159M — up 17% from $136M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new VATE positions and 6 closed out — a net gain of 6 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Mittleman Investment Management, adding an estimated $4.31M. The largest seller was Nationwide Fund Advisors, exiting entirely with an estimated $1.2M sold.
- 81 institutional investors held INNOVATE Corp (VATE) as of Q4 2017, up from 75 in Q3 2017.
- Funds reported $159M of INNOVATE Corp stock for Q4 2017, up 17% quarter-over-quarter.
- 12 funds opened new INNOVATE Corp positions in Q4 2017 and 6 closed out, a net change of +6 holders.
- The largest INNOVATE Corp buyer in Q4 2017 was Mittleman Investment Management, an estimated $4.31M added.
- The largest INNOVATE Corp seller in Q4 2017 was Nationwide Fund Advisors, an estimated $1.2M sold.
Based on aggregated 13F filings for Q4 2017.