Garmin
GRMN
379 hedge funds and large institutions have $3.9B invested in Garmin in 2017 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 154 increasing their positions, 128 reducing their positions, and 43 closing their positions.
142% more call options, than puts
Call options by funds: $81M | Put options by funds: $33.5M
20% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 128
0.5% more ownership
Funds ownership: 40.14% → 40.64% (+0.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $4.02B → $3.9B (-$119M)
3% less funds holding
Funds holding: 389 → 379 (-10)
14% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$63.7M |
| 2 |
Bank of New York Mellon
New York
|
+$61.8M |
| 3 |
MWNA
Marshall Wace North America
New York
|
+$36.5M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$32.8M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$32.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$53.5M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$42.7M |
| 3 |
HCM
Hamlin Capital Management
New York
|
-$30.1M |
| 4 |
Renaissance Technologies
New York
|
-$28.2M |
| 5 |
SCI
SkyBridge Capital II
New York
|
-$19.5M |
GRMN Hedge Fund Activity: Q2 2017 in Review
379 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q2 2017, worth a combined $3.9B — down 3% from $4.02B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of GRMN and 37 opened new positions — a net loss of 6 holders — while 128 trimmed existing stakes and 154 added.
The largest buyer was Janus Henderson Group, adding an estimated $63.7M. The largest seller was Waddell & Reed Financial, cutting an estimated $53.5M.
- 379 institutional investors held Garmin (GRMN) as of Q2 2017, down from 389 in Q1 2017.
- Funds reported $3.9B of Garmin stock for Q2 2017, down 3% quarter-over-quarter.
- 37 funds opened new Garmin positions in Q2 2017 and 43 closed out, a net change of -6 holders.
- The largest Garmin buyer in Q2 2017 was Janus Henderson Group, an estimated $63.7M added.
- The largest Garmin seller in Q2 2017 was Waddell & Reed Financial, an estimated $53.5M sold.
Based on aggregated 13F filings for Q2 2017.