INNOVATE CORP VATE
COM NEW · Common Stock · CUSIP 45784J303
American financial services and holding company
- SectorIndustrials
- IndustryFabricated Structural Metal Products
- HeadquartersNew York, NY
- Founded1994
- Websiteprimustel.com
- FilingsSEC EDGAR
* 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: 13.6m as of 2026-08-03, 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 ≈ $18.67.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 2 |
| Q3 2024 | 35 |
| Q4 2024 | 31 |
| Q1 2025 | 34 |
| Q2 2025 | 32 |
| Q3 2025 | 31 |
| Q4 2025 | 28 |
| Q1 2026 | 30 |
| Q2 2026 | 49 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 32 | 2 |
| Q4 2024 | 13 | 15 |
| Q1 2025 | 19 | 10 |
| Q2 2025 | 12 | 10 |
| Q3 2025 | 10 | 12 |
| Q4 2025 | 5 | 16 |
| Q1 2026 | 6 | 12 |
| Q2 2026 | 35 | 9 |
Biggest buyers
| BlackRock, Inc. | Added | +263.4k |
| MARSHALL WACE, LLP | New | +108.1k |
| BANK OF AMERICA CORP /DE/ | Added | +67.1k |
| RENAISSANCE TECHNOLOGIES LLC | New | +57.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | New | +39.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +38.6k |
| STATE STREET CORP | Added | +35.0k |
| NORTHERN TRUST CORP | Added | +30.2k |
| STRS OHIO | New | +21.5k |
| FRANKLIN RESOURCES INC | New | +17.8k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -16.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -10.9k |
| UBS Group AG | Reduced | -6.0k |
| Vanguard Global Advisers, LLC | Sold out | -5.7k |
| MORGAN STANLEY | Reduced | -1.1k |
| Tower Research Capital LLC (TRC) | Reduced | -336 |
| OSAIC HOLDINGS, INC. | Sold out | -150 |
| ROYAL BANK OF CANADA | Reduced | -31 |
| Caitong International Asset Management Co., Ltd | Reduced | -2 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
GLAZER AVRAM A
13D · may seek influence
filed 2024-12-18
Stated purposeItem 4 of the Schedule 13D is hereby amended to incorporate by reference the information set forth in Item 3. Full filing |
51.5% |
| Whitefort Capital Management, LP 13G · passive investor +0.2 pts · filed 2025-11-14 | 7.8% |
Voigt Paul
13D · may seek influence
new · filed 2026-08-14
Stated purposeThe shares and options described in Item 3(a) above were acquired by Mr. Voigt in connection with, and as compensation for, his service as an executive officer of the Issuer. The shares described in Item 3(b) above were acquired by the applicable Reporting Person for investment purposes, based on that Reporting Person's belief that the Common Stock represented an attractive investment. None of the acquisitions described in this Statement were made for the purpose of, or with the effect of, changing or influencing control of the Issuer. Except as set forth in this Statement, the Reporting Persons have no present plans or proposals that relate to or would result in any of the actions or events described in Items 4(a) through (j) of Schedule 13D. The Reporting Persons intend to review their i… Full filing |
7.4% |
Insider purchases and sales since 1 Apr 2026
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $99.5k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Whitefort Capital Management, LP 3.42% of their portfolio | 743.0k $13.9m | Unchanged |
| Jefferies Financial Group Inc. 0.12% of their portfolio | 700.8k $13.1m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 354.4k $6.6m | Added +263.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 228.7k $4.3m | Added +4.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 128.5k $2.4m | Added +38.6k |
| Arena Capital Advisors, LLC- CA 1.15% of their portfolio | 127.9k $2.4m | Unchanged |
| Prescott Group Capital Management, L.L.C. 0.18% of their portfolio | 109.4k $2.0m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 108.1k $2.0m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 83.2k $1.6m | Added +67.1k |
| STATE STREET CORP 0.00% of their portfolio | 82.8k $1.5m | Added +35.0k |
| ARS Investment Partners, LLC 0.05% of their portfolio | 61.2k $1.1m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 57.0k $1.1m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 42.8k $799.8k | Added +30.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 39.1k $729.4k | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 36.5k $681.5k | Added +11.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 34.8k $650.2k | Added +2.2k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 32.8k $612.1k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 21.5k $401.4k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 19.8k $370.0k | Reduced -16.3k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 18.0k $336.1k | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 17.8k $332.0k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 16.5k $307.4k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 14.7k $273.8k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 13.5k $252.8k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 5.6k $104.4k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 5.4k $100.8k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 5.0k $93.9k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 4.6k $86.2k | Added +4.6k |
| CITIGROUP INC 0.00% of their portfolio | 2.6k $48.8k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6k $47.4k | Added +2.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 2.6k $47.9k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 2.4k $44.4k | New |
| MORGAN STANLEY 0.00% of their portfolio | 2.1k $38.3k | Reduced -1.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.8k $34.0k | Reduced -31 |
| UBS Group AG 0.00% of their portfolio | 1.8k $34.4k | Reduced -6.0k |
| BARCLAYS PLC 0.00% of their portfolio | 1.3k $23.4k | Added +1.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.1k $19.9k | Added +920 |
| Legal & General Group Plc 0.00% of their portfolio | 542 $10.1k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 505 $9.4k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 445 $8.3k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 327 $6.1k | Reduced -336 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 323 $6.0k | New |
| Quarry LP 0.00% of their portfolio | 123 $2.3k | New |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 75 $1.4k | New |
| Sterling Capital Management LLC 0.00% of their portfolio | 30 $560 | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 29 $541 | Reduced -2 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 8 $149 | Unchanged |
| Axiom Investment Management LLC 0.00% of their portfolio | 7 $131 | New |
| FMR LLC 0.00% of their portfolio | 1 $19 | New |