Garmin
GRMN
397 hedge funds and large institutions have $4.35B invested in Garmin in 2017 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 147 increasing their positions, 135 reducing their positions, and 28 closing their positions.
82% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 28
33% more call options, than puts
Call options by funds: $56.8M | Put options by funds: $42.7M
12% more capital invested
Capital invested by funds: $3.9B → $4.35B (+$454M)
5% more funds holding
Funds holding: 379 → 397 (+18)
2.36% more ownership
Funds ownership: 40.64% → 43% (+2.4%)
9% more repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 135
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$82.2M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$45.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$37.3M |
| 4 |
Select Equity Group
New York
|
+$36.6M |
| 5 |
Renaissance Technologies
New York
|
+$27.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$83.1M |
| 2 |
Credit Agricole
Montrouge Cedex,
France
|
-$15.8M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$12.6M |
| 4 |
Goldman Sachs
New York
|
-$12M |
| 5 |
Bank of New York Mellon
New York
|
-$11.6M |
GRMN Hedge Fund Activity: Q3 2017 in Review
397 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q3 2017, worth a combined $4.35B — up 12% from $3.9B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new GRMN positions and 28 closed out — a net gain of 23 holders — while 147 added to existing stakes and 135 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $82.2M. The largest seller was Waddell & Reed Financial, cutting an estimated $83.1M.
- 397 institutional investors held Garmin (GRMN) as of Q3 2017, up from 379 in Q2 2017.
- Funds reported $4.35B of Garmin stock for Q3 2017, up 12% quarter-over-quarter.
- 51 funds opened new Garmin positions in Q3 2017 and 28 closed out, a net change of +23 holders.
- The largest Garmin buyer in Q3 2017 was Deutsche Bank, an estimated $82.2M added.
- The largest Garmin seller in Q3 2017 was Waddell & Reed Financial, an estimated $83.1M sold.
Based on aggregated 13F filings for Q3 2017.