INNOVATE CORP
COM · CUSIP 45784J105
63
institutional holders
+4 vs Q2 2023
26.3m
shares reported held*
$42.7mreported value*
9 new
18 added
15 reduced
5 sold out
net bought ≈ $805.9k (+497.4k 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 ≈ $1.62. Options: 4 managers hold calls ($179.4k notional), 4 hold puts ($3.6k).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 58 |
| Q4 2022 | 52 |
| Q1 2023 | 73 |
| Q2 2023 | 59 |
| Q3 2023 | 63 |
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 |
| Q3 2023 | 27 | 20 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $35.8k | $45.4k | 1.27 |
| Q1 2023 | $2.4m | $230.5k | 0.10 |
| Q2 2023 | $458.6k | $23.2k | 0.05 |
| Q3 2023 | $179.4k | $3.6k | 0.02 |
Biggest buyers
| BlackRock Inc. | Added | +344.9k |
| STONEHILL CAPITAL MANAGEMENT LLC | Added | +267.8k |
| Stratos Wealth Advisors, LLC | New | +155.0k |
| BANK OF MONTREAL /CAN/ | New | +130.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +126.8k |
| VANGUARD GROUP INC | Added | +95.2k |
| Allspring Global Investments Holdings, LLC | New | +59.5k |
| NORTHERN TRUST CORP | Added | +37.2k |
| BANK OF AMERICA CORP /DE/ | Added | +31.2k |
| VOYA INVESTMENT MANAGEMENT LLC | New | +29.1k |
Biggest sellers
| Whitefort Capital Management, LP | Reduced | -420.3k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -113.4k |
| NEW YORK STATE COMMON RETIREMENT FUND | Reduced | -56.9k |
| CORSAIR CAPITAL MANAGEMENT, L.P. | Sold out | -50.0k |
| MARSHALL WACE, LLP | Sold out | -43.4k |
| ARS Investment Partners, LLC | Reduced | -40.1k |
| CWM, LLC | Reduced | -34.0k |
| MORGAN STANLEY | Reduced | -31.8k |
| Bank of New York Mellon Corp | Reduced | -27.3k |
| DIMENSIONAL FUND ADVISORS LP | Sold out | -16.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $143.5k88.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $27.9k17.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.0k5.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $3.2k2.0k shares |
| GROUP ONE TRADING LLC | Unchanged | $324200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | Reduced | $0300 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Jefferies Financial Group Inc. 0.22% of their portfolio | 5.5m $8.8m | Unchanged |
| GENDELL JEFFREY L 0.35% of their portfolio | 3.8m $6.2m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 3.3m $5.4m | Added +344.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.8m $4.5m | Reduced -8.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.4m $3.8m | Added +95.2k |
| ARS Investment Partners, LLC 0.37% of their portfolio | 1.8m $3.0m | Reduced -40.1k |
| Whitefort Capital Management, LP 1.04% of their portfolio | 1.1m $1.8m | Reduced -420.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.0m $1.7m | Added +126.8k |
| STONEHILL CAPITAL MANAGEMENT LLC 1.97% of their portfolio | 766.4k $1.2m | Added +267.8k |
| STATE STREET CORP 0.00% of their portfolio | 667.1k $1.1m | Added +23.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 430.3k $697.1k | Added +37.2k |
| Teton Advisors, Inc. 0.13% of their portfolio | 260.0k $421.2k | Reduced -10.0k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 245.0k $396.9k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 218.0k $353.2k | Reduced -113.4k |
| Invesco Ltd. 0.00% of their portfolio | 216.3k $350.4k | Added +1.6k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 190.0k $307.8k | Unchanged |
| Stratos Wealth Advisors, LLC 0.02% of their portfolio | 155.0k $251.1k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 149.1k $241.5k | Added +21.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 130.8k $227.7k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 129.1k $209.2k | Reduced -27.3k |
| Cowen Investment Management LLC 0.26% of their portfolio | 125.0k $202.5k | Unchanged |
| MSH Capital Advisors LLC 0.07% of their portfolio | 112.0k $181.4k | Unchanged |
| Terrapin Asset Management, LLC 0.18% of their portfolio | 83.0k $134.4k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 67.6k $109.5k | Added +31.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 60.3k $97.6k | Unchanged |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 59.5k $96.4k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 48.7k $78.9k | Added +7.1k |
| UBS Group AG 0.00% of their portfolio | 39.4k $63.8k | Added +2.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 36.0k $58.3k | Reduced -778 |
| MORGAN STANLEY 0.00% of their portfolio | 34.2k $55.4k | Reduced -31.8k |
| WEALTH ALLIANCE, LLC 0.01% of their portfolio | 32.0k $51.8k | Reduced -15.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 31.3k $50.7k | Added +45 |
| State of Wyoming 0.01% of their portfolio | 29.5k $47.7k | Added +4.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 29.1k $47.2k | New |
| Equitable Holdings, Inc. 0.00% of their portfolio | 27.4k $44.4k | Added +66 |
| Shulman DeMeo Asset Management LLC 0.01% of their portfolio | 27.1k $43.9k | Unchanged |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 27.1k $43.9k | Added +5.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 25.8k $41.8k | Unchanged |
| SG Americas Securities, LLC 0.00% of their portfolio | 23.4k $38.0k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 14.3k $23.2k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 13.9k $22.5k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 12.9k $20.9k | Reduced -4.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 12.1k $19.6k | New |
| Cypress Capital Group 0.00% of their portfolio | 12.0k $19.4k | Reduced -2.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 12.0k $19.4k | Reduced -3.3k |
| GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio | 11.0k $17.8k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 10.5k $18.0k | New |
| BARCLAYS PLC 0.00% of their portfolio | 10.2k $16.5k | Added +1.0k |
| CWM, LLC 0.00% of their portfolio | 9.2k $15.0k | Reduced -34.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 8.8k $14.0k | Added +4.3k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 6.1k $9.8k | Added +4.9k |
| NFSG Corp 0.00% of their portfolio | 5.0k $8.1k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 4.9k $8.0k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 4.4k $7.1k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 3.8k $6.1k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 2.3k $3.7k | Reduced -56.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.0k $1.6k | Unchanged |
| PrairieView Partners, LLC 0.00% of their portfolio | 1.0k $1.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 207 $335 | New |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 165 $0 | Unchanged |
| NewSquare Capital LLC 0.00% of their portfolio | 145 $235 | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 36 $58 | Reduced -13.6k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |