Inovalon Holdings Inc. (INOV): Black Creek Investment Management Inc. Is Crazy About This Stock

Black Creek Investment Management disclosed a 8.6 million share position in Inovalon Holdings Inc. (NASDAQ:INOV), a provider of cloud-based intervention programs that serve hospitals and pharmaceutical companies. The stock isn’t popular at all among the 700+ hedge funds tracked by Insider Monkey. At the end of the third quarter, the biggest hedge fund position in Inovalon Holdings was Matrix Capital’s 100K share position. The details of Black Creek’s filing can be seen below:

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Black Creek Investment Management Inc 8601285 0 8601285 0 8601285 13.6%
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Page 1 of 4 – SEC Filing

UNITED STATES*
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
Inovalon Holdings, Inc.
(Name of Issuer)
Class A Common Shares
(Title of Class of Securities)
45781D101
(CUSIP Number)
December 31, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
                ☐   Rule 13d-1(c)
                ☐   Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Page 1 of 4
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