Garmin
GRMN
365 hedge funds and large institutions have $3.63B invested in Garmin in 2016 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 120 increasing their positions, 113 reducing their positions, and 25 closing their positions.
160% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 25
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
24% more capital invested
Capital invested by funds: $2.93B → $3.63B (+$701M)
12% more funds holding
Funds holding: 326 → 365 (+39)
6% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 113
4% less call options, than puts
Call options by funds: $83.2M | Put options by funds: $86.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$44.8M |
| 2 |
Renaissance Technologies
New York
|
+$40.9M |
| 3 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$35.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$34M |
| 5 |
LS
Livforsakringsbolaget Skandia
Stockholm,
Sweden
|
+$33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
-$25.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$21.6M |
| 3 |
EAM
Edge Asset Management
Seattle,
Washington
|
-$18.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$17.9M |
| 5 |
GAM
Gotham Asset Management
New York
|
-$14.7M |
GRMN Hedge Fund Activity: Q3 2016 in Review
365 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q3 2016, worth a combined $3.63B — up 24% from $2.93B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new GRMN positions and 25 closed out — a net gain of 40 holders — while 120 added to existing stakes and 113 trimmed.
The largest buyer was State Street, adding an estimated $44.8M. The largest seller was UBS AM, cutting an estimated $25.1M.
- 365 institutional investors held Garmin (GRMN) as of Q3 2016, up from 326 in Q2 2016.
- Funds reported $3.63B of Garmin stock for Q3 2016, up 24% quarter-over-quarter.
- 65 funds opened new Garmin positions in Q3 2016 and 25 closed out, a net change of +40 holders.
- The largest Garmin buyer in Q3 2016 was State Street, an estimated $44.8M added.
- The largest Garmin seller in Q3 2016 was UBS AM, an estimated $25.1M sold.
Based on aggregated 13F filings for Q3 2016.