Globus Medical
GMED
439 hedge funds and large institutions have $6.08B invested in Globus Medical in 2024 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 144 increasing their positions, 149 reducing their positions, and 42 closing their positions.
163% more call options, than puts
Call options by funds: $14.8M | Put options by funds: $5.62M
74% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 42
60% more funds holding in top 10
Funds holding in top 10: 10 → 16 (+6)
8% more funds holding
Funds holding: 408 → 439 (+31)
7.33% more ownership
Funds ownership: 93.09% → 100.41% (+7.3%)
6% more capital invested
Capital invested by funds: $5.72B → $6.08B (+$361M)
3% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 149
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$127M |
| 2 |
SC
Sculptor Capital
New York
|
+$79.8M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$60.4M |
| 4 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$42.1M |
| 5 |
MAP
Madison Avenue Partners
New York
|
+$37.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$102M |
| 2 |
Morgan Stanley
New York
|
-$35.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$32.1M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$23M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$22.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GGI
476
Godsey & Gibb Inc
Richmond,
Virginia
| – | -$2.13K | -40 | Closed |
|
|
AFWM
477
Abich Financial Wealth Management
Ashburn,
Virginia
| – | -$1.33K | -25 | Closed |
|
|
AF
478
Advisornet Financial
Minnetonka,
Minnesota
| – | -$1.07K | -20 | Closed |
|
|
GWS
479
Glassman Wealth Services
Vienna,
Virginia
| – | -$1.07K | -20 | Closed |
|
|
FGAM
480
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$510 | -12 | Closed |
|
481
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$373 | -7 | Closed |
|
GMED Hedge Fund Activity: Q1 2024 in Review
439 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Globus Medical (GMED) for Q1 2024, worth a combined $6.08B — up 6.3% from $5.72B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new GMED positions and 42 closed out — a net gain of 31 holders — while 144 added to existing stakes and 149 trimmed.
The largest buyer was Hawk Ridge Capital Management, opening a new position worth an estimated $127M. The largest seller was Millennium Management, cutting an estimated $102M.
- 439 institutional investors held Globus Medical (GMED) as of Q1 2024, up from 408 in Q4 2023.
- Funds reported $6.08B of Globus Medical stock for Q1 2024, up 6.3% quarter-over-quarter.
- 73 funds opened new Globus Medical positions in Q1 2024 and 42 closed out, a net change of +31 holders.
- The largest Globus Medical buyer in Q1 2024 was Hawk Ridge Capital Management, an estimated $127M added.
- The largest Globus Medical seller in Q1 2024 was Millennium Management, an estimated $102M sold.
Based on aggregated 13F filings for Q1 2024.