INNOVATE Corp
VATE
78 hedge funds and large institutions have $45.5M invested in INNOVATE Corp in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 31 reducing their positions, and 18 closing their positions.
0.18% less ownership
Funds ownership: 4.14% → 3.96% (-0.18%)
6% less funds holding
Funds holding: 83 → 78 (-5)
15% less capital invested
Capital invested by funds: $53.7M → $45.5M (-$8.22M)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
52% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$999K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$699K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$477K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$375K |
| 5 |
WG
Winton Group
London,
United Kingdom
|
+$321K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Mittleman Investment Management
Melville,
New York
|
-$1.82M |
| 2 |
GAG
GM Advisory Group
Melville,
New York
|
-$808K |
| 3 |
BlackRock
New York
|
-$459K |
| 4 |
FM
Fondren Management
Houston,
Texas
|
-$418K |
| 5 |
SA
Springowl Associates
New York
|
-$397K |
VATE Hedge Fund Activity: Q3 2020 in Review
78 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in INNOVATE Corp (VATE) for Q3 2020, worth a combined $45.5M — down 15% from $53.7M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of VATE and 13 opened new positions — a net loss of 5 holders — while 31 trimmed existing stakes and 15 added.
The largest buyer was Gendell Jeffrey L, adding an estimated $999K. The largest seller was Mittleman Investment Management, cutting an estimated $1.82M.
- 78 institutional investors held INNOVATE Corp (VATE) as of Q3 2020, down from 83 in Q2 2020.
- Funds reported $45.5M of INNOVATE Corp stock for Q3 2020, down 15% quarter-over-quarter.
- 13 funds opened new INNOVATE Corp positions in Q3 2020 and 18 closed out, a net change of -5 holders.
- The largest INNOVATE Corp buyer in Q3 2020 was Gendell Jeffrey L, an estimated $999K added.
- The largest INNOVATE Corp seller in Q3 2020 was Mittleman Investment Management, an estimated $1.82M sold.
Based on aggregated 13F filings for Q3 2020.