Garmin
GRMN
659 hedge funds and large institutions have $10.8B invested in Garmin in 2023 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 261 increasing their positions, 220 reducing their positions, and 62 closing their positions.
26% more call options, than puts
Call options by funds: $98.6M | Put options by funds: $78.2M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
19% more repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 220
1% more capital invested
Capital invested by funds: $10.7B → $10.8B (+$117M)
0% less ownership
Funds ownership: 53.58% → 53.58% (-0%)
3% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 62
1% less funds holding
Funds holding: 667 → 659 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$105M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$47.8M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$40.9M |
| 4 |
Amundi
Paris,
France
|
+$33.2M |
| 5 |
Squarepoint
New York
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$79.8M |
| 2 |
Man Group
London,
United Kingdom
|
-$69.1M |
| 3 |
Goldman Sachs
New York
|
-$34.3M |
| 4 |
SIM
SW Investment Management
Telluride,
Colorado
|
-$15.6M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$13.5M |
GRMN Hedge Fund Activity: Q3 2023 in Review
659 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q3 2023, worth a combined $10.8B — up 1.1% from $10.7B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of GRMN and 60 opened new positions — a net loss of 2 holders — while 220 trimmed existing stakes and 261 added.
The largest buyer was Point72 Asset Management, adding an estimated $105M. The largest seller was Janus Henderson Group, cutting an estimated $79.8M.
- 659 institutional investors held Garmin (GRMN) as of Q3 2023, down from 667 in Q2 2023.
- Funds reported $10.8B of Garmin stock for Q3 2023, up 1.1% quarter-over-quarter.
- 60 funds opened new Garmin positions in Q3 2023 and 62 closed out, a net change of -2 holders.
- The largest Garmin buyer in Q3 2023 was Point72 Asset Management, an estimated $105M added.
- The largest Garmin seller in Q3 2023 was Janus Henderson Group, an estimated $79.8M sold.
Based on aggregated 13F filings for Q3 2023.