INNOVATE Corp (VATE)

• Market cap: $69.6M
• 1 day: 2.74%
• 5 days: -3.31%
• 1 month: 34.96%
• 3 months: 35.66%
• 6 months: -12.50%
• Year to date: -54.35%
• 1 year: -52.27%
• 5 years: -99.92%
• 10 years: -99.98%
• Sector: Consumer Discretionary
• Industry: Fabricated Structural Metal Products

About: Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.

Employees: 4,024

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

12.76% less ownership

Funds ownership: 31.1% [Q2] → 18.34% (-12.76%) [Q3]

45% less capital invested

Capital invested by funds: $16M [Q2] → $8.85M (-$7.16M) [Q3]

48% less funds holding

Funds holding: 64 [Q2] → 33 (-31) [Q3]

84% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 37

96% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 26