INNOVATE Corp
VATE
81 hedge funds and large institutions have $150M invested in INNOVATE Corp in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
38% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 21
11% more capital invested
Capital invested by funds: $136M → $150M (+$14.4M)
5% more funds holding
Funds holding: 77 → 81 (+4)
0.07% less ownership
Funds ownership: 5.83% → 5.75% (-0.07%)
5% less call options, than puts
Call options by funds: $396K | Put options by funds: $418K
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$2.39M |
| 2 |
BlackRock
New York
|
+$1.74M |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$1.49M |
| 4 |
Millennium Management
New York
|
+$1.41M |
| 5 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$2.7M |
| 2 |
BSP
Benefit Street Partners
New York
|
-$2.53M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.53M |
| 4 |
WPP
Whalerock Point Partners
Providence,
Rhode Island
|
-$2.45M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$1.61M |
VATE Hedge Fund Activity: Q2 2018 in Review
81 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q2 2018, worth a combined $150M — up 11% from $136M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VATE positions and 10 closed out — a net gain of 4 holders — while 29 added to existing stakes and 21 trimmed.
The largest buyer was B. Riley Financial, adding an estimated $2.39M. The largest seller was JP Morgan Chase, cutting an estimated $2.7M.
- 81 institutional investors held INNOVATE Corp (VATE) as of Q2 2018, up from 77 in Q1 2018.
- Funds reported $150M of INNOVATE Corp stock for Q2 2018, up 11% quarter-over-quarter.
- 14 funds opened new INNOVATE Corp positions in Q2 2018 and 10 closed out, a net change of +4 holders.
- The largest INNOVATE Corp buyer in Q2 2018 was B. Riley Financial, an estimated $2.39M added.
- The largest INNOVATE Corp seller in Q2 2018 was JP Morgan Chase, an estimated $2.7M sold.
Based on aggregated 13F filings for Q2 2018.