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INNOVATE Corp
VATE

83 hedge funds and large institutions have $53.7M invested in INNOVATE Corp in 2020 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 11

82% more capital invested

Capital invested by funds: $29.6M → $53.7M (+$24.1M)

43% more call options, than puts

Call options by funds: $437K | Put options by funds: $306K

19% more funds holding

Funds holding: 70 → 83 (+13)

0.36% more ownership

Funds ownership: 3.78% → 4.14% (+0.36%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

29% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 28

Holders
83
Holders Change
+13
Holders Change %
+18.57%
% of All Funds
1.7%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
24
Increased
20
Reduced
28
Closed
11
Calls
$437K
Puts
$306K
Net Calls
+$131K
Net Calls Change
+$228K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$5.87M
2
State Street
State Street
Massachusetts
+$1.34M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$785K
4
GAG
GM Advisory Group
New York
+$684K
5
BCM
Bridgeway Capital Management
Texas
+$562K

Top Sellers

Rank Fund Capital Flow
1
MIM
Mittleman Investment Management
New York
-$3.99M
2
JP Morgan Chase
JP Morgan Chase
New York
-$678K
3
LCG
Luxor Capital Group
New York
-$573K
4
GJL
Gendell Jeffrey L
-$522K
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$503K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$9.81M +$5.87M +207,418 +241%
Vanguard Group
2
Vanguard Group
Pennsylvania
$6.45M +$533K +18,855 +11%
Manulife (Manufacturers Life Insurance)
3
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4.04M +$78.9K +2,790 +3%
AFG
4
American Financial Group
Ohio
$3.37M – – –
Fuller & Thaler Asset Management
5
Fuller & Thaler Asset Management
California
$3.17M -$68.9K -2,435 -3%
MIM
6
Mittleman Investment Management
New York
$2.88M -$3.99M -141,003 -62%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$2.1M +$785K +27,761 +79%
State Street
8
State Street
Massachusetts
$1.64M +$1.34M +47,217 +2,566%
DCM
9
Driehaus Capital Management
Illinois
$1.37M -$422K -14,911 -27%
Acadian Asset Management
10
Acadian Asset Management
Massachusetts
$1.33M -$503K -17,780 -31%
BCM
11
Bridgeway Capital Management
Texas
$1.26M +$562K +19,870 +111%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$1.07M -$46.5K -1,645 -5%
BSP
13
Benefit Street Partners
New York
$947K – – –
Osaic Holdings
14
Osaic Holdings
Arizona
$934K -$24.3K -860 -29%
GAG
15
GM Advisory Group
New York
$808K +$684K +24,197 New
TA
16
Teton Advisors
New York
$752K -$495K -17,500 -44%
GJL
17
Gendell Jeffrey L
$741K -$522K -18,472 -45%
N
18
Nuveen
North Carolina
$619K +$524K +18,546 New
Northern Trust
19
Northern Trust
Illinois
$602K +$248K +8,774 +95%
Invesco
20
Invesco
Georgia
$545K +$136K +4,793 +42%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$517K +$253K +8,960 +137%
Renaissance Technologies
22
Renaissance Technologies
New York
$508K -$368K -13,026 -46%
CG
23
Caprock Group
Idaho
$479K – – –
FM
24
Fondren Management
Texas
$418K +$353K +12,500 New
SA
25
Springowl Associates
New York
$397K +$226K +8,000 +205%
1
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VATE Hedge Fund Activity: Q2 2020 in Review

83 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q2 2020, worth a combined $53.7M — up 82% from $29.6M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new VATE positions and 11 closed out — a net gain of 13 holders — while 20 added to existing stakes and 28 trimmed.

The largest buyer was BlackRock, adding an estimated $5.87M. The largest seller was Mittleman Investment Management, cutting an estimated $3.99M.

  • 83 institutional investors held INNOVATE Corp (VATE) as of Q2 2020, up from 70 in Q1 2020.
  • Funds reported $53.7M of INNOVATE Corp stock for Q2 2020, up 82% quarter-over-quarter.
  • 24 funds opened new INNOVATE Corp positions in Q2 2020 and 11 closed out, a net change of +13 holders.
  • The largest INNOVATE Corp buyer in Q2 2020 was BlackRock, an estimated $5.87M added.
  • The largest INNOVATE Corp seller in Q2 2020 was Mittleman Investment Management, an estimated $3.99M sold.

Based on aggregated 13F filings for Q2 2020.