Globalstar
GSAT
213 hedge funds and large institutions have $700M invested in Globalstar in 2023 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 65 increasing their positions, 56 reducing their positions, and 20 closing their positions.
1,148% more call options, than puts
Call options by funds: $29.6M | Put options by funds: $2.37M
71% more capital invested
Capital invested by funds: $409M → $700M (+$291M)
65% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 20
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
16% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 56
6% more funds holding
Funds holding: 201 → 213 (+12)
0.17% more ownership
Funds ownership: 1.11% → 1.28% (+0.17%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$15.2M |
| 2 |
RA
Royce & Associates
New York
|
+$15M |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
+$11.4M |
| 4 |
BlackRock
New York
|
+$6.24M |
| 5 |
Morgan Stanley
New York
|
+$5.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$4.59M |
| 2 |
MCM
Mudrick Capital Management
New York
|
-$3.58M |
| 3 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
-$2.04M |
| 4 |
Renaissance Technologies
New York
|
-$1.87M |
| 5 |
EH
EMG Holdings
Old Greenwich,
Connecticut
|
-$1.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QI
226
Qtron Investments
Boston,
Massachusetts
| – | -$16K | -813 | Closed |
|
|
KWM
227
Kolinsky Wealth Management
Ramsey,
New Jersey
| – | -$13.1K | -667 | Closed |
|
|
CSPIA
228
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$2.31K | -118 | Closed |
|
|
LC
229
Lindbrook Capital
Calabasas,
California
| – | -$1.34K | -68 | Closed |
|
230
US Bancorp
Minneapolis,
Minnesota
| – | -$47 | -2 | Closed |
|
|
C
231
Covestor
London,
United Kingdom
| – | -$22 | -1 | -11% |
|
GSAT Hedge Fund Activity: Q4 2023 in Review
213 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q4 2023, worth a combined $700M — up 71% from $409M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new GSAT positions and 20 closed out — a net gain of 13 holders — while 65 added to existing stakes and 56 trimmed.
The largest buyer was Greenhouse Funds, adding an estimated $15.2M. The largest seller was JP Morgan Chase, cutting an estimated $4.59M.
- 213 institutional investors held Globalstar (GSAT) as of Q4 2023, up from 201 in Q3 2023.
- Funds reported $700M of Globalstar stock for Q4 2023, up 71% quarter-over-quarter.
- 33 funds opened new Globalstar positions in Q4 2023 and 20 closed out, a net change of +13 holders.
- The largest Globalstar buyer in Q4 2023 was Greenhouse Funds, an estimated $15.2M added.
- The largest Globalstar seller in Q4 2023 was JP Morgan Chase, an estimated $4.59M sold.
Based on aggregated 13F filings for Q4 2023.