INNOVATE Corp
VATE
97 hedge funds and large institutions have $73.3M invested in INNOVATE Corp in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 10 closing their positions.
160% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 10
98% more call options, than puts
Call options by funds: $83K | Put options by funds: $42K
20% more funds holding
Funds holding: 81 → 97 (+16)
0.46% more ownership
Funds ownership: 5.74% → 6.2% (+0.46%)
7% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 28
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
53% less capital invested
Capital invested by funds: $157M → $73.3M (-$83.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$12.3M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$3.13M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.79M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$980K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$669K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$9.24M |
| 2 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$2.98M |
| 3 |
JP Morgan Chase
New York
|
-$2.13M |
| 4 |
CH
Canton Hathaway
Providence,
Rhode Island
|
-$1.76M |
| 5 |
FM
Fondren Management
Houston,
Texas
|
-$796K |
VATE Hedge Fund Activity: Q4 2018 in Review
97 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q4 2018, worth a combined $73.3M — down 53% from $157M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new VATE positions and 10 closed out — a net gain of 16 holders — while 26 added to existing stakes and 28 trimmed.
The largest buyer was B. Riley Financial, adding an estimated $12.3M. The largest seller was Putnam Investments, exiting entirely with an estimated $9.24M sold.
- 97 institutional investors held INNOVATE Corp (VATE) as of Q4 2018, up from 81 in Q3 2018.
- Funds reported $73.3M of INNOVATE Corp stock for Q4 2018, down 53% quarter-over-quarter.
- 26 funds opened new INNOVATE Corp positions in Q4 2018 and 10 closed out, a net change of +16 holders.
- The largest INNOVATE Corp buyer in Q4 2018 was B. Riley Financial, an estimated $12.3M added.
- The largest INNOVATE Corp seller in Q4 2018 was Putnam Investments, an estimated $9.24M sold.
Based on aggregated 13F filings for Q4 2018.