INNOVATE CORP
COM · CUSIP 45784J105
73
institutional holders
+21 vs Q4 2022
26.5m
shares reported held*
$78.9mreported value*
29 new
16 added
8 reduced
8 sold out
net sold ≈ $2.5m (-874.9k 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 ($51.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.97. Options: 7 managers hold calls ($2.4m notional), 5 hold puts ($230.5k).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 58 |
| Q4 2022 | 52 |
| Q1 2023 | 73 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 18 | 31 |
| Q1 2023 | 45 | 16 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $0 | $1.0k | — |
| Q4 2022 | $35.8k | $45.4k | 1.27 |
| Q1 2023 | $2.4m | $230.5k | 0.10 |
Biggest buyers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +370.3k |
| JANE STREET GROUP, LLC | New | +314.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +175.5k |
| CITIGROUP INC | Added | +130.5k |
| WEALTH ALLIANCE, LLC | New | +129.0k |
| GOLDMAN SACHS GROUP INC | Added | +106.8k |
| MARSHALL WACE, LLP | New | +102.1k |
| HRT FINANCIAL LP | New | +93.6k |
| MORGAN STANLEY | Added | +92.8k |
| Invesco Ltd. | Added | +84.0k |
Biggest sellers
| BRC Group Holdings, Inc. | Reduced | -1.7m |
| Bleichroeder LP | Sold out | -274.8k |
| ARS Investment Partners, LLC | Reduced | -211.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -188.6k |
| Whitefort Capital Management, LP | Sold out | -173.5k |
| Clear Harbor Asset Management, LLC | Sold out | -121.6k |
| COLONY GROUP LLC | Sold out | -100.0k |
| Clearline Capital LP | Sold out | -78.8k |
| Ergoteles LLC | Sold out | -70.4k |
| GENDELL JEFFREY L | Reduced | -65.8k |
Biggest calls
| BANK OF MONTREAL /CAN/ | New | $900.0k300.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $719.6k242.3k shares |
| SIMPLEX TRADING, LLC | Added | $400.0k134.7k shares |
| GROUP ONE TRADING LLC | New | $154.4k52.0k shares |
| CITADEL ADVISORS LLC | Added | $140.2k47.2k shares |
| WOLVERINE TRADING, LLC | New | $39.0k13.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $114.3k38.5k shares |
| CITADEL ADVISORS LLC | Added | $60.3k20.3k shares |
| SIMPLEX TRADING, LLC | Added | $52.0k17.6k shares |
| GROUP ONE TRADING LLC | New | $3.9k1.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
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.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Jefferies Financial Group Inc. 0.34% of their portfolio | 5.5m $16.2m | Unchanged |
| GENDELL JEFFREY L 1.06% of their portfolio | 3.8m $11.3m | Reduced -65.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.5m $10.5m | Reduced -188.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 3.0m $9.0m | Added +106.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.1m $6.2m | Unchanged |
| ARS Investment Partners, LLC 0.64% of their portfolio | 1.8m $5.4m | Reduced -211.6k |
| BRC Group Holdings, Inc. 0.86% of their portfolio | 1.1m $3.3m | Reduced -1.7m |
| BlackRock Inc. 0.00% of their portfolio | 876.8k $2.6m | Added +3.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 460.1k $1.4m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 392.8k $1.2m | Added +370.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 390.2k $1.2m | Added +175.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 314.0k $932.6k | New |
| STONEHILL CAPITAL MANAGEMENT LLC 0.89% of their portfolio | 271.2k $806.0k | Reduced -61.0k |
| Teton Advisors, Inc. 0.21% of their portfolio | 270.0k $801.9k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 206.4k $613.0k | Reduced -40.0k |
| Invesco Ltd. 0.00% of their portfolio | 197.0k $585.1k | Added +84.0k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 190.0k $564.3k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 180.4k $535.8k | Unchanged |
| ASSET MANAGEMENT CORP /IL/ /ADV 0.36% of their portfolio | 155.0k $460.4k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 132.1k $392.4k | Added +130.5k |
| WEALTH ALLIANCE, LLC 0.06% of their portfolio | 129.0k $383.1k | New |
| MORGAN STANLEY 0.00% of their portfolio | 122.7k $364.3k | Added +92.8k |
| MSH Capital Advisors LLC 0.14% of their portfolio | 112.0k $332.6k | Added +36.5k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 102.1k $303.2k | New |
| Terrapin Asset Management, LLC 0.38% of their portfolio | 96.0k $285.0k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 93.6k $277.0k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 91.6k $272.1k | Added +7.2k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 67.3k $199.9k | New |
| Cowen Investment Management LLC 0.05% of their portfolio | 65.0k $193.1k | Added +40.0k |
| 683 Capital Management, LLC 0.02% of their portfolio | 59.0k $175.2k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 55.7k $165.3k | Reduced -16.4k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 45.0k $134.0k | New |
| CWM, LLC 0.00% of their portfolio | 43.2k $128.0k | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 40.8k $121.2k | New |
| Man Group plc 0.00% of their portfolio | 35.0k $104.0k | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio | 34.9k $103.8k | Added +13.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 33.9k $100.5k | New |
| BARCLAYS PLC 0.00% of their portfolio | 32.9k $97.7k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 31.0k $92.1k | Added +20.4k |
| LMR Partners LLP 0.00% of their portfolio | 30.6k $90.8k | New |
| Jump Financial, LLC 0.00% of their portfolio | 29.7k $88.3k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 28.4k $84.5k | New |
| Shulman DeMeo Asset Management LLC 0.03% of their portfolio | 27.1k $80.5k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 25.8k $76.6k | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 23.1k $68.7k | Unchanged |
| Equitable Holdings, Inc. 0.00% of their portfolio | 21.1k $62.8k | New |
| State of Wyoming 0.02% of their portfolio | 20.4k $60.5k | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 19.9k $59.0k | New |
| OLD MISSION CAPITAL LLC 0.00% of their portfolio | 17.2k $51.0k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 15.7k $46.6k | New |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 15.7k $46.5k | Added +4.0k |
| XTX Topco Ltd 0.01% of their portfolio | 15.2k $45.2k | New |
| Cypress Capital Group 0.01% of their portfolio | 14.0k $41.6k | Unchanged |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 12.8k $38.0k | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 11.9k $35.2k | New |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 11.8k $35.0k | New |
| Visionary Wealth Advisors 0.00% of their portfolio | 11.6k $34.5k | New |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 11.0k $32.0k | Reduced -2.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 10.6k $31.3k | New |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 10.5k $31.2k | New |
| Point72 Middle East FZE 0.00% of their portfolio | 6.8k $20.3k | New |
| UBS Group AG 0.00% of their portfolio | 6.6k $19.6k | Added +1.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 6.1k $18.0k | Added +2.0k |
| NFSG Corp 0.01% of their portfolio | 5.0k $14.8k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 3.1k $9.1k | Added +2.8k |
| Truvestments Capital LLC 0.00% of their portfolio | 1.8k $5.3k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.0k $3.0k | Unchanged |
| PrairieView Partners, LLC 0.00% of their portfolio | 1.0k $2.0k | Unchanged |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 256 $1.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 200 $594 | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 153 $0 | Unchanged |
| NewSquare Capital LLC 0.00% of their portfolio | 145 $431 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |