Garmin
GRMN
504 hedge funds and large institutions have $6.78B invested in Garmin in 2019 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 199 increasing their positions, 172 reducing their positions, and 57 closing their positions.
93% more call options, than puts
Call options by funds: $126M | Put options by funds: $65M
16% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 172
2% less funds holding
Funds holding: 516 → 504 (-12)
2.58% less ownership
Funds ownership: 45.49% → 42.91% (-2.6%)
9% less capital invested
Capital invested by funds: $7.43B → $6.78B (-$648M)
11% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 57
71% less funds holding in top 10
Funds holding in top 10: 7 → 2 (-5)
Top Buyers
| 1 |
BlackRock
New York
|
+$67.5M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$55.5M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$30.6M |
| 4 |
JP Morgan Chase
New York
|
+$27.3M |
| 5 |
PP
Prudential plc
London, England,
United Kingdom
|
+$27M |
Top Sellers
| 1 |
Invesco
Atlanta,
Georgia
|
-$105M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$91.2M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$51.5M |
| 4 |
SI
Scout Investments
Kansas City,
Missouri
|
-$27.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$25.1M |
GRMN Hedge Fund Activity: Q2 2019 in Review
504 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q2 2019, worth a combined $6.78B — down 8.7% from $7.43B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of GRMN and 51 opened new positions — a net loss of 6 holders — while 172 trimmed existing stakes and 199 added.
The largest buyer was BlackRock, adding an estimated $67.5M. The largest seller was Invesco, cutting an estimated $105M.
- 504 institutional investors held Garmin (GRMN) as of Q2 2019, down from 516 in Q1 2019.
- Funds reported $6.78B of Garmin stock for Q2 2019, down 8.7% quarter-over-quarter.
- 51 funds opened new Garmin positions in Q2 2019 and 57 closed out, a net change of -6 holders.
- The largest Garmin buyer in Q2 2019 was BlackRock, an estimated $67.5M added.
- The largest Garmin seller in Q2 2019 was Invesco, an estimated $105M sold.
Based on aggregated 13F filings for Q2 2019.