Garmin
GRMN
667 hedge funds and large institutions have $10.7B invested in Garmin in 2023 Q2 according to their latest regulatory filings, with 73 funds opening new positions, 258 increasing their positions, 215 reducing their positions, and 39 closing their positions.
87% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 39
20% more repeat investments, than reductions
Existing positions increased: 258 | Existing positions reduced: 215
4% more funds holding
Funds holding: 639 → 667 (+28)
3% more capital invested
Capital invested by funds: $10.4B → $10.7B (+$315M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.08% less ownership
Funds ownership: 53.66% → 53.58% (-0.08%)
19% less call options, than puts
Call options by funds: $90.3M | Put options by funds: $111M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
+$67.1M |
| 2 |
BlackRock
New York
|
+$53.9M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$34.3M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$30.3M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$28.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$159M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$50.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$39.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$39M |
| 5 |
WOC
West Oak Capital
Westlake Village,
California
|
-$33.1M |
GRMN Hedge Fund Activity: Q2 2023 in Review
667 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q2 2023, worth a combined $10.7B — up 3% from $10.4B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new GRMN positions and 39 closed out — a net gain of 34 holders — while 258 added to existing stakes and 215 trimmed.
The largest buyer was Man Group, opening a new position worth an estimated $67.1M. The largest seller was Norges Bank, cutting an estimated $159M.
- 667 institutional investors held Garmin (GRMN) as of Q2 2023, up from 639 in Q1 2023.
- Funds reported $10.7B of Garmin stock for Q2 2023, up 3% quarter-over-quarter.
- 73 funds opened new Garmin positions in Q2 2023 and 39 closed out, a net change of +34 holders.
- The largest Garmin buyer in Q2 2023 was Man Group, an estimated $67.1M added.
- The largest Garmin seller in Q2 2023 was Norges Bank, an estimated $159M sold.
Based on aggregated 13F filings for Q2 2023.