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GRMN

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
504
Holders Change
-12
Holders Change %
-2.33%
% of All Funds
10.95%
Holding in Top 10
2
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-71.43%
% of All Funds
0.04%
New
51
Increased
199
Reduced
172
Closed
57
Calls
$126M
Puts
$65M
Net Calls
+$60.6M
Net Calls Change
+$59.7M

Top Buyers

1
BlackRock
BlackRock
New York
+$67.5M
2
N
Nuveen
North Carolina
+$55.5M
3
Marshall Wace
Marshall Wace
United Kingdom
+$30.6M
4
JP Morgan Chase
JP Morgan Chase
New York
+$27.3M
5
PP
Prudential plc
United Kingdom
+$27M

Top Sellers

1
Invesco
Invesco
Georgia
-$105M
2
Deutsche Bank
Deutsche Bank
Germany
-$91.2M
3
First Trust Advisors
First Trust Advisors
Illinois
-$51.5M
4
SI
Scout Investments
Missouri
-$27.2M
5
Citadel Advisors
Citadel Advisors
Florida
-$25.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
151
Baird Financial Group
Wisconsin
$3.72M +$3.47M +42,429 +1,022%
OAM
152
Oxford Asset Management
United Kingdom
$3.58M +$1.57M +19,207 +75%
AAM
153
Advisors Asset Management
Colorado
$3.48M -$979K -11,971 -22%
MC
154
Maverick Capital
Texas
$3.32M +$3.41M +41,650 New
AIG
155
American International Group
New York
$3.31M -$391K -4,774 -10%
M&T Bank
156
M&T Bank
New York
$3.28M +$15.8K +193 +0.5%
SMP
157
Santa Monica Partners
Florida
$3.25M +$818K +10,000 +33%
JG
158
Jefferies Group
New York
$3.21M -$3.07M -37,478 -48%
BWP
159
Baldwin Wealth Partners
Massachusetts
$3.15M -$169K -2,060 -5%
PCMI
160
Paradigm Capital Management Inc
New York
$3.12M – – –
SOADOR
161
State of Alaska Department of Revenue
Alaska
$3.09M +$111K +1,362 +4%
CEP
162
Chicago Equity Partners
Illinois
$3.08M -$1.14M -13,880 -26%
FAM
163
Fred Alger Management
New York
$3.08M +$2.32M +28,299 +276%
Mercer Global Advisors
164
Mercer Global Advisors
Colorado
$3.07M +$699K +8,548 +29%
GC
165
Guggenheim Capital
Illinois
$3.06M -$82.5K -1,008 -3%
STMM
166
South Texas Money Management
Texas
$2.98M -$809K -9,890 -21%
FL
167
Fort LP
Maryland
$2.97M +$237K +2,893 +8%
VAS
168
Valicenti Advisory Services
New York
$2.97M -$96.1K -1,175 -3%
Assenagon Asset Management
169
Assenagon Asset Management
Luxembourg
$2.89M -$6.65M -81,282 -69%
Caisse de Depot et Placement du Quebec (CDPQ)
170
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$2.8M -$319K -3,900 -10%
SIC
171
Schwartz Investment Counsel
Michigan
$2.79M -$2.45M -30,000 -46%
WCM
172
Weld Capital Management
New York
$2.71M +$2.78M +33,933 New
Comerica Bank
173
Comerica Bank
Texas
$2.7M -$1.81M -22,124 -40%
XK
174
Xact Kapitalforvaltning
Sweden
$2.67M +$189K +2,308 +7%
MIM
175
MetLife Investment Management
New Jersey
$2.67M -$84.7K -1,035 -3%
5 6
7
8 9

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.