Vault-13

INNOVAGE HLDG CORP INNV

COM · Common Stock · CUSIP 45784A104

78 institutional holders +13 vs Q3 2025
17,697,61417.7m shares reported held*
13.0% of all shares outstanding*
$91.8mreported value*
19 new 28 added 18 reduced 5 sold out net bought ≈ $15.8m (+3.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 135.7m as of 2026-01-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $5.19. Options: 2 managers hold calls ($77.8k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 55Q4 22: 55Q1 23: 52Q2 23: 51Q3 23: 50Q4 23: 46Q1 24: 48Q2 24: 46Q3 24: 48Q4 24: 52Q1 25: 58Q2 25: 65Q3 25: 65Q4 25: 7878Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202255
Q4 202255
Q1 202352
Q2 202351
Q3 202350
Q4 202346
Q1 202448
Q2 202446
Q3 202448
Q4 202452
Q1 202558
Q2 202565
Q3 202565
Q4 202578

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q1 24: 21 bought or addedQ1 24: 20 cut or sold outQ2 24: 22 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 24 bought or addedQ3 24: 11 cut or sold outQ4 24: 25 bought or addedQ4 24: 16 cut or sold outQ4 24Q1 25: 26 bought or addedQ1 25: 19 cut or sold outQ2 25: 29 bought or addedQ2 25: 30 cut or sold outQ2 25Q3 25: 37 bought or addedQ3 25: 26 cut or sold outQ4 25: 47 bought or addedQ4 25: 23 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242120
Q2 20242220
Q3 20242411
Q4 20242516
Q1 20252619
Q2 20252930
Q3 20253726
Q4 20254723

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ1 25 calls: $20.9kQ1 25 puts: $6.0kQ1 25P/C 0.29Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $202.1kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $77.8kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$20.9k$6.0k0.29
Q2 2025$0$0—
Q3 2025$202.1k$00.00
Q4 2025$77.8k$00.00

Biggest buyers

T. Rowe Price Investment Management, Inc. Added +2,873,581+2.9m
MARSHALL WACE, LLP New +291,286+291.3k
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Added +227,387+227.4k
RITHOLTZ WEALTH MANAGEMENT New +165,066+165.1k
GOLDMAN SACHS GROUP INC Added +73,261+73.3k
ACADIAN ASSET MANAGEMENT LLC New +65,262+65.3k
GWN SECURITIES INC. New +57,183+57.2k
DIMENSIONAL FUND ADVISORS LP New +48,918+48.9k
JANE STREET GROUP, LLC Added +48,186+48.2k
STRS OHIO Added +34,900+34.9k

Biggest sellers

Coliseum Capital Management, LLC Reduced -903,298-903.3k
Accordant Advisory Group Inc Sold out -100,000-100.0k
WELCH CAPITAL PARTNERS LLC/NY Reduced -42,884-42.9k
WADDELL & ASSOCIATES, LLC Sold out -33,024-33.0k
JPMORGAN CHASE & CO Reduced -23,608-23.6k
NORTHERN TRUST CORP Reduced -22,570-22.6k
BlackRock, Inc. Reduced -16,604-16.6k
UBS Group AG Reduced -10,443-10.4k
RHUMBLINE ADVISERS Reduced -4,044-4.0k
CITADEL ADVISORS LLC Reduced -3,175-3.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $76.8k14.8k shares
SIMPLEX TRADING, LLC Reduced $1.0k200 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 1 sellingQ4 24: 0 buyingQ4 24: 1 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 2 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 1 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—1$71.1k$71.1k
Q4 20240—1$10.9k$10.9k
Q1 20250—0——
Q2 20252$320.8k0——
Q3 20250—0——
Q4 20250—1$161.7k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-11-14 SCARBROUGH MICHAEL ANTHONY President and COO Sold 33,000 $4.90 $161.7k33.0k shares -22%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 T. Rowe Price Investment Management, Inc. 0.02% of their portfolio BALTIMORE, MD 8,464,3538.5m $43.9m $43.9m 0.02% Added +2.9m +2,873,581
2 Coliseum Capital Management, LLC 1.26% of their portfolio Rowayton, CT 2,972,9213.0m $15.4m $15.4m 1.26% Reduced -903.3k -903,298
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,261,8981.3m $6.5m $6.5m 0.00% Reduced -16.6k -16,604
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,140,2231.1m $5.9m $5.9m 0.00% Added +15.9k +15,902
5 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 552,775552.8k $2.9m $2.9m 0.00% Reduced -704 -704
6 WELCH CAPITAL PARTNERS LLC/NY 0.42% of their portfolio HARRISON, NY 404,101404.1k $2.1m $2.1m 0.42% Reduced -42.9k -42,884
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 365,866365.9k $1.9m $1.9m 0.00% Added +22.6k +22,598
8 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 291,286291.3k $1.5m $1.5m 0.00% New
9 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 259,856259.9k $1.3m $1.3m 0.00% Reduced -22.6k -22,570
10 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 238,881238.9k $1.2m $1.2m 0.01% Added +227.4k +227,387
11 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 184,700184.7k $958.6k $958.6k 0.00% Added +33.8k +33,800
12 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 171,487171.5k $890.0k $890.0k 0.00% Reduced -133 -133
13 RITHOLTZ WEALTH MANAGEMENT 0.02% of their portfolio NEW YORK, NY 165,066165.1k $856.7k $856.7k 0.02% New
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 116,152116.2k $602.8k $602.8k 0.00% Added +73.3k +73,261
15 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 97,40097.4k $505.5k $505.5k 0.00% Added +34.9k +34,900
16 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 90,88190.9k $471.7k $471.7k 0.00% Added +48.2k +48,186
17 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 65,26265.3k $336.0k $336.0k 0.00% New
18 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 62,71562.7k $325.5k $325.5k 0.00% Reduced -3.2k -3,175
19 GWN SECURITIES INC. 0.06% of their portfolio Palm Beach Gardens, FL 57,18357.2k $296.8k $296.8k 0.06% New
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 49,80949.8k $258.5k $258.5k 0.00% Added +32.9k +32,904
21 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 48,91848.9k $253.9k $253.9k 0.00% New
22 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 45,17845.2k $234.5k $234.5k 0.00% Reduced -1.3k -1,331
23 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 43,23743.2k $224.4k $224.4k 0.00% Unchanged
24 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 38,90038.9k $201.9k $201.9k 0.00% Unchanged
25 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 38,84638.8k $202.0k $202.0k 0.02% Added +1.4k +1,435
26 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 32,67632.7k $169.6k $169.6k 0.00% New
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 31,59131.6k $164.0k $164.0k 0.00% Added +3.0k +3,040
28 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 29,75029.8k $137.1k $137.1k 0.00% Unchanged
29 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 27,82927.8k $144.4k $144.4k 0.00% New
30 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 26,40026.4k $137.0k $137.0k 0.00% New
31 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 25,78025.8k $133.8k $133.8k 0.00% New
32 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 25,69525.7k $133.4k $133.4k 0.00% Added +3.1k +3,135
33 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 25,66625.7k $133.2k $133.2k 0.00% Reduced -4.0k -4,044
34 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 24,05424.1k $124.8k $124.8k 0.00% Added +1.1k +1,101
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 22,47022.5k $116.6k $116.6k 0.00% Added +8.1k +8,147
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 21,32621.3k $110.7k $110.7k 0.00% Added +6.9k +6,939
37 Virtu Financial LLC 0.00% of their portfolio New York, NY 19,24219.2k $100.0k $100.0k 0.00% New
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,67815.7k $81.4k $81.4k 0.00% Reduced -1.8k -1,767
39 ALGERT GLOBAL LLC 0.00% of their portfolio SAN FRANCISCO, CA 14,26514.3k $74.0k $74.0k 0.00% New
40 Kathmere Capital Management, LLC 0.00% of their portfolio WAYNE, PA 13,27413.3k $68.9k $68.9k 0.00% New
41 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 12,77512.8k $66.3k $66.3k 0.00% Added +1.7k +1,679
42 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 11,49911.5k $60.0k $60.0k 0.00% Unchanged
43 CIBC Asset Management Inc 0.00% of their portfolio TORONTO, Z4 11,07211.1k $57.5k $57.5k 0.00% New
44 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 11,05111.1k $57.4k $57.4k 0.00% New
45 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 9,3779.4k $48.7k $48.7k 0.00% Reduced -72 -72
46 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,3788.4k $43.5k $43.5k 0.00% Reduced -23.6k -23,608
47 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 8,0668.1k $41.9k $41.9k 0.00% Unchanged
48 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 6,5556.6k $34.0k $34.0k 0.00% Unchanged
49 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 4,9785.0k $25.8k $25.8k 0.00% Unchanged
50 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,6464.6k $24.1k $24.1k 0.00% Added +871 +871
51 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 3,9013.9k $20.2k $20.2k 0.00% New
52 FMR LLC 0.00% of their portfolio BOSTON, MA 3,4603.5k $18.0k $18.0k 0.00% Added +403 +403
53 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,8672.9k $14.9k $14.9k 0.00% Unchanged
54 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,0382.0k $10.6k $10.6k 0.00% Reduced -10.4k -10,443
55 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,9722.0k $10.0k $10.0k 0.00% Added +133 +133
56 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,9612.0k $10.2k $10.2k 0.00% Reduced -551 -551
57 Legal & General Group Plc 0.00% of their portfolio London, X0 1,7971.8k $9.3k $9.3k 0.00% Unchanged
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,7531.8k $9.0k $9.0k 0.00% Reduced -9 -9
59 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,4371.4k $7.5k $7.5k 0.00% Unchanged
60 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 1,2461.2k $6.5k $6.5k 0.00% Reduced -134 -134
61 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 909909 $4.7k $4.7k 0.00% Added +32 +32
62 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 636636 $3.0k $3.0k 0.00% Added +5 +5
63 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 467467 $2.4k $2.4k 0.00% Reduced -26 -26
64 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 230230 $1.2k $1.2k 0.00% Added +180 +180
65 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 208208 $1.1k $1.1k 0.00% Unchanged
66 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 145145 $752 $752 0.00% Added +98 +98
67 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 142142 $737 $737 0.00% Unchanged
68 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 127127 $659 $659 0.00% Added +72 +72
69 Aster Capital Management (DIFC) Ltd 0.00% of their portfolio DUBAI, C0 8888 $457 $457 0.00% New
70 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 8585 $441 $441 0.00% Added +4 +4
71 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 7474 $384 $384 0.00% Reduced -1.3k -1,320
72 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5050 $260 $260 0.00% New
73 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1111 $58 $58 0.00% Added +1 +1
74 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 88 $42 $42 0.00% New
75 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 66 $31 $31 0.00% Added +1 +1
76 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 66 $32 $32 0.00% Added +1 +1
77 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 22 $10 $10 0.00% Unchanged
78 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 11 $6 $6 0.00% New