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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
CAM
176
Cozad Asset Management
Illinois
$2.63M +$16K +195 +0.6%
ACM
177
AlphaCrest Capital Management
New York
$2.52M +$2.21M +27,067 +598%
Janney Montgomery Scott
178
Janney Montgomery Scott
Pennsylvania
$2.5M +$732K +8,943 +40%
Wellington Management Group
179
Wellington Management Group
Massachusetts
$2.42M +$782K +9,561 +46%
NAM
180
Nissay Asset Management
Japan
$2.38M +$30.4K +371 +1%
SOMRS
181
State of Michigan Retirement System
Michigan
$2.32M -$483K -5,900 -17%
SGI
182
Summit Global Investments
Utah
$2.29M -$1.23K -15 -0.1%
FAF
183
Fjarde Ap-fonden
Sweden
$2.27M -$16.4K -200 -0.7%
RHAM
184
Round Hill Asset Management
California
$2.27M -$115K -1,400 -5%
CIP
185
Convergence Investment Partners
Florida
$2.26M -$499K -6,101 -18%
State of Tennessee, Department of Treasury
186
State of Tennessee, Department of Treasury
Tennessee
$2.23M -$9.61M -117,399 -81%
Mitsubishi UFJ Asset Management
187
Mitsubishi UFJ Asset Management
Japan
$2.23M +$884K +10,809 +63%
Millennium Management
188
Millennium Management
New York
$2.23M +$692K +8,455 +44%
HighTower Advisors
189
HighTower Advisors
Illinois
$2.2M -$45.7K -558 -2%
Brown Advisory
190
Brown Advisory
Maryland
$2.1M -$17K -208 -0.8%
URS
191
Utah Retirement Systems
Utah
$2.08M +$380K +4,649 +22%
WIS
192
Wright Investors Service
Connecticut
$2.08M +$139K +1,705 +7%
RCM
193
Radnor Capital Management
Pennsylvania
$2.08M -$102K -1,250 -5%
MPM
194
Meritage Portfolio Management
Kansas
$2.07M -$25K -305 -1%
LCM
195
Laurion Capital Management
New York
$2.05M +$1.76M +21,517 +514%
DIS
196
Diversified Investment Strategies
Louisiana
$2.05M -$454K -5,546 -18%
GIA
197
Gateway Investment Advisers
Ohio
$2.03M -$23.6K -289 -1%
BAM
198
Blueshift Asset Management
New Jersey
$2.02M +$2.07M +25,276 New
FI
199
Fosun International
China
$2.01M – – –
SRAM
200
Stone Ridge Asset Management
New York
$1.99M -$2.82M -34,500 -58%
6 7
8
9 10

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.