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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
97
Holders Change
+16
Holders Change %
+19.75%
% of All Funds
2.16%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
26
Increased
26
Reduced
28
Closed
10
Calls
$83K
Puts
$42K
Net Calls
+$41K
Net Calls Change
-$61K

Top Buyers

1
BRF
B. Riley Financial
California
+$12.3M
2
Marshall Wace
Marshall Wace
United Kingdom
+$3.13M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$1.79M
4
OAM
Oxford Asset Management
United Kingdom
+$980K
5
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$669K

Top Sellers

1
PI
Putnam Investments
Massachusetts
-$9.24M
2
AAP
Ardsley Advisory Partners
Connecticut
-$2.98M
3
JP Morgan Chase
JP Morgan Chase
New York
-$2.13M
4
CH
Canton Hathaway
Rhode Island
-$1.76M
5
FM
Fondren Management
Texas
-$796K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRF
1
B. Riley Financial
California
$11.7M +$12.3M +291,736 +193%
JG
2
Jefferies Group
New York
$9.31M – – –
MIM
3
Mittleman Investment Management
New York
$7.87M -$219K -5,190 -2%
BlackRock
4
BlackRock
New York
$6.07M +$112K +2,664 +1%
Vanguard Group
5
Vanguard Group
Pennsylvania
$5.4M +$499K +11,844 +6%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.99M +$322K +7,648 +7%
AFG
7
American Financial Group
Ohio
$2.66M – – –
JP Morgan Chase
8
JP Morgan Chase
New York
$2.6M -$2.13M -50,473 -34%
Marshall Wace
9
Marshall Wace
United Kingdom
$1.96M +$3.13M +74,154 New
TA
10
Teton Advisors
New York
$1.94M +$63.2K +1,500 +2%
State Street
11
State Street
Massachusetts
$1.62M -$66.6K -1,581 -3%
Northern Trust
12
Northern Trust
Illinois
$1.27M -$2.44K -58 -0.1%
Renaissance Technologies
13
Renaissance Technologies
New York
$1.15M -$337K -8,000 -16%
Acadian Asset Management
14
Acadian Asset Management
Massachusetts
$1.13M +$1.79M +42,582 New
RAM
15
Roumell Asset Management
Maryland
$1.05M -$51.6K -1,225 -3%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$994K +$76.4K +1,813 +5%
DCM
17
Driehaus Capital Management
Illinois
$845K – – –
OAM
18
Oxford Asset Management
United Kingdom
$773K +$980K +23,239 +385%
GF
19
Gabelli Funds
New York
$756K +$54K +1,280 +5%
BSP
20
Benefit Street Partners
New York
$748K – – –
WPP
21
Whalerock Point Partners
Rhode Island
$721K -$396K -9,390 -26%
AA
22
Ancora Advisors
Ohio
$643K +$223K +5,302 +28%
Invesco
23
Invesco
Georgia
$543K -$443K -10,519 -34%
BCM
24
Bridgeway Capital Management
Texas
$540K +$424K +10,060 +97%
FIA
25
FNY Investment Advisers
New York
$529K +$487K +11,545 +136%
1
2 3 4 5

VATE Hedge Fund Activity: Q4 2018 in Review

97 of the 4,488 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.