Garmin
GRMN
756 hedge funds and large institutions have $15.8B invested in Garmin in 2024 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 270 increasing their positions, 277 reducing their positions, and 66 closing their positions.
42% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 66
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
20% more capital invested
Capital invested by funds: $13.2B → $15.8B (+$2.63B)
3% more funds holding
Funds holding: 736 → 756 (+20)
1.91% more ownership
Funds ownership: 53.63% → 55.53% (+1.9%)
3% less repeat investments, than reductions
Existing positions increased: 270 | Existing positions reduced: 277
15% less call options, than puts
Call options by funds: $113M | Put options by funds: $132M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$216M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$197M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$173M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$101M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$45.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$145M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$90M |
| 3 |
Pictet Asset Management
Carouge,
Switzerland
|
-$39M |
| 4 |
Bank of New York Mellon
New York
|
-$38.5M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$34.1M |
GRMN Hedge Fund Activity: Q1 2024 in Review
756 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q1 2024, worth a combined $15.8B — up 20% from $13.2B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new GRMN positions and 66 closed out — a net gain of 28 holders — while 270 added to existing stakes and 277 trimmed.
The largest buyer was Norges Bank, adding an estimated $216M. The largest seller was BlackRock, cutting an estimated $145M.
- 756 institutional investors held Garmin (GRMN) as of Q1 2024, up from 736 in Q4 2023.
- Funds reported $15.8B of Garmin stock for Q1 2024, up 20% quarter-over-quarter.
- 94 funds opened new Garmin positions in Q1 2024 and 66 closed out, a net change of +28 holders.
- The largest Garmin buyer in Q1 2024 was Norges Bank, an estimated $216M added.
- The largest Garmin seller in Q1 2024 was BlackRock, an estimated $145M sold.
Based on aggregated 13F filings for Q1 2024.