INNOVATE CORP
COM · CUSIP 45784J105
59
institutional holders
-14 vs Q1 2023
25.8m
shares reported held*
$45.2mreported value*
14 new
18 added
12 reduced
27 sold out
net sold ≈ $1.0m (-563.7k 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. Implied quarter-end price ≈ $1.75. Options: 5 managers hold calls ($458.6k notional), 4 hold puts ($23.2k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 58 |
| Q4 2022 | 52 |
| Q1 2023 | 73 |
| Q2 2023 | 59 |
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 |
| Q2 2023 | 32 | 39 |
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 |
| Q2 2023 | $458.6k | $23.2k | 0.05 |
Biggest buyers
| BlackRock Inc. | Added | +2.1m |
| Whitefort Capital Management, LP | New | +1.5m |
| STATE STREET CORP | Added | +462.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +443.3k |
| NORTHERN TRUST CORP | Added | +301.5k |
| STONEHILL CAPITAL MANAGEMENT LLC | Added | +227.4k |
| TUDOR INVESTMENT CORP ET AL | Added | +200.0k |
| VANGUARD GROUP INC | Added | +199.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +125.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +105.0k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -3.5m |
| BRC Group Holdings, Inc. | Sold out | -1.1m |
| MILLENNIUM MANAGEMENT LLC | Sold out | -390.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -361.6k |
| JANE STREET GROUP, LLC | Sold out | -314.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -262.1k |
| CITIGROUP INC | Reduced | -118.4k |
| HRT FINANCIAL LP | Sold out | -93.6k |
| WEALTH ALLIANCE, LLC | Reduced | -82.0k |
| Qube Research & Technologies Ltd | Sold out | -67.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $153.3k87.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $131.0k75.0k shares |
| GROUP ONE TRADING LLC | Added | $124.8k71.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $49.5k28.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $18.9k10.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.0k2.5k shares |
| GROUP ONE TRADING LLC | Reduced | $350200 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Jefferies Financial Group Inc. 0.20% of their portfolio | 5.5m $9.5m | Unchanged |
| GENDELL JEFFREY L 0.52% of their portfolio | 3.8m $6.7m | Reduced -10.0k |
| BlackRock Inc. 0.00% of their portfolio | 3.0m $5.2m | Added +2.1m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.8m $4.8m | Reduced -262.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.3m $4.0m | Added +199.2k |
| ARS Investment Partners, LLC 0.38% of their portfolio | 1.9m $3.3m | Added +79.3k |
| Whitefort Capital Management, LP 2.48% of their portfolio | 1.5m $2.6m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 903.3k $1.6m | Added +443.3k |
| STATE STREET CORP 0.00% of their portfolio | 643.3k $1.1m | Added +462.9k |
| STONEHILL CAPITAL MANAGEMENT LLC 0.96% of their portfolio | 498.6k $873.0k | Added +227.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 393.1k $688.0k | Added +301.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 331.4k $579.9k | Added +125.0k |
| Teton Advisors, Inc. 0.13% of their portfolio | 270.0k $472.5k | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 245.0k $428.8k | Added +200.0k |
| Invesco Ltd. 0.00% of their portfolio | 214.7k $375.8k | Added +17.7k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 190.0k $332.5k | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 156.4k $273.7k | Added +100.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 128.1k $224.2k | Added +105.0k |
| Cowen Investment Management LLC 0.13% of their portfolio | 125.0k $218.8k | Added +60.0k |
| MSH Capital Advisors LLC 0.07% of their portfolio | 112.0k $196.0k | Unchanged |
| Terrapin Asset Management, LLC 0.20% of their portfolio | 83.0k $145.2k | Reduced -13.0k |
| MORGAN STANLEY 0.00% of their portfolio | 66.0k $115.5k | Reduced -56.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 60.3k $105.5k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 59.2k $103.6k | New |
| CORSAIR CAPITAL MANAGEMENT, L.P. 0.03% of their portfolio | 50.0k $87.5k | New |
| WEALTH ALLIANCE, LLC 0.01% of their portfolio | 47.0k $82.2k | Reduced -82.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 43.4k $76.0k | Reduced -58.7k |
| CWM, LLC 0.00% of their portfolio | 43.2k $76.0k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 41.7k $72.9k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 36.7k $64.3k | Added +36.6k |
| UBS Group AG 0.00% of their portfolio | 36.6k $64.0k | Added +30.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 36.4k $63.7k | Reduced -3.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 31.2k $54.7k | Reduced -361.6k |
| Equitable Holdings, Inc. 0.00% of their portfolio | 27.3k $47.9k | Added +6.2k |
| Shulman DeMeo Asset Management LLC 0.01% of their portfolio | 27.1k $47.5k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 25.8k $45.1k | Unchanged |
| State of Wyoming 0.01% of their portfolio | 25.1k $44.0k | Added +4.8k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 22.1k $38.7k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 17.8k $31.2k | Added +14.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 16.8k $29.5k | Reduced -17.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.3k $26.7k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 14.3k $25.1k | New |
| Cypress Capital Group 0.00% of their portfolio | 14.0k $24.5k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 13.7k $23.9k | Reduced -118.4k |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 12.8k $22.4k | Unchanged |
| Visionary Wealth Advisors 0.00% of their portfolio | 11.6k $20.3k | Unchanged |
| GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio | 11.0k $19.2k | New |
| BARCLAYS PLC 0.00% of their portfolio | 9.2k $16.1k | Reduced -23.7k |
| NFSG Corp 0.00% of their portfolio | 5.0k $8.8k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 4.9k $9.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 4.4k $8.0k | New |
| Legal & General Group Plc 0.00% of their portfolio | 4.4k $7.7k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 3.8k $6.6k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.1k $2.0k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.0k $1.8k | Unchanged |
| PrairieView Partners, LLC 0.00% of their portfolio | 1.0k $1.0k | Unchanged |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 165 $0 | Reduced -91 |
| NewSquare Capital LLC 0.00% of their portfolio | 145 $254 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |