Garmin
GRMN
735 hedge funds and large institutions have $13.4B invested in Garmin in 2023 Q4 according to their latest regulatory filings, with 134 funds opening new positions, 229 increasing their positions, 275 reducing their positions, and 49 closing their positions.
173% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 49
24% more capital invested
Capital invested by funds: $10.8B → $13.4B (+$2.63B)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
12% more funds holding
Funds holding: 659 → 735 (+76)
1.08% more ownership
Funds ownership: 53.58% → 54.66% (+1.1%)
6% less call options, than puts
Call options by funds: $106M | Put options by funds: $113M
17% less repeat investments, than reductions
Existing positions increased: 229 | Existing positions reduced: 275
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$264M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$57.3M |
| 3 |
EIP
Epoch Investment Partners
New York
|
+$49.1M |
| 4 |
State Street
Boston,
Massachusetts
|
+$44.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$43.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$103M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$41.4M |
| 3 |
Squarepoint
New York
|
-$37.1M |
| 4 |
BNP Paribas Asset Management
Paris,
France
|
-$31.4M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$31.2M |
GRMN Hedge Fund Activity: Q4 2023 in Review
735 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q4 2023, worth a combined $13.4B — up 24% from $10.8B a quarter earlier.
Buyers outnumbered sellers: 134 funds opened new GRMN positions and 49 closed out — a net gain of 85 holders — while 229 added to existing stakes and 275 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $264M. The largest seller was Point72 Asset Management, cutting an estimated $103M.
- 735 institutional investors held Garmin (GRMN) as of Q4 2023, up from 659 in Q3 2023.
- Funds reported $13.4B of Garmin stock for Q4 2023, up 24% quarter-over-quarter.
- 134 funds opened new Garmin positions in Q4 2023 and 49 closed out, a net change of +85 holders.
- The largest Garmin buyer in Q4 2023 was Morgan Stanley, an estimated $264M added.
- The largest Garmin seller in Q4 2023 was Point72 Asset Management, an estimated $103M sold.
Based on aggregated 13F filings for Q4 2023.