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Globalstar
GSAT

219 hedge funds and large institutions have $535M invested in Globalstar in 2024 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 70 increasing their positions, 51 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

365% more call options, than puts

Call options by funds: $11.8M | Put options by funds: $2.54M

38% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 24

37% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 51

3% more funds holding

Funds holding: 213 → 219 (+6)

0.01% more ownership

Funds ownership: 1.28% → 1.3% (+0.01%)

24% less capital invested

Capital invested by funds: $700M → $535M (-$165M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
219
Holders Change
+6
Holders Change %
+2.82%
% of All Funds
3.15%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
33
Increased
70
Reduced
51
Closed
24
Calls
$11.8M
Puts
$2.54M
Net Calls
+$9.26M
Net Calls Change
-$18M

Top Buyers

1
ACM
Ashford Capital Management
Delaware
+$10.7M
2
GF
Greenhouse Funds
Maryland
+$9.96M
3
AFM
Anson Funds Management
Texas
+$4.89M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$2.41M
5
WHCM
Wolf Hill Capital Management
Connecticut
+$2.06M

Top Sellers

1
MCM
Mudrick Capital Management
New York
-$14.6M
2
Morgan Stanley
Morgan Stanley
New York
-$6.25M
3
HAM
Honeycomb Asset Management
New York
-$3.59M
4
LWCA
Locust Wood Capital Advisers
New York
-$2.77M
5
VOYA Investment Management
VOYA Investment Management
Georgia
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
QC
226
Quadrature Capital
United Kingdom
– -$336K -11,525 Closed
Verition Fund Management
227
Verition Fund Management
Connecticut
– -$324K -11,147 Closed
Simplex Trading
228
Simplex Trading
Illinois
– -$260K -10,743 Closed
AWM
229
Arista Wealth Management
Nevada
– -$287K -9,847 Closed
QT
230
Quantbot Technologies
New York
– -$264K -9,077 Closed
Balyasny Asset Management
231
Balyasny Asset Management
Illinois
– -$76.7K -2,634 Closed
OSAM
232
O'Shaughnessy Asset Management
Connecticut
– -$46.3K -1,593 Closed
SFWA
233
Summit Financial Wealth Advisors
Louisiana
– -$38.8K -1,333 Closed
PAM
234
Panagora Asset Management
Massachusetts
– -$35.2K -1,209 Closed
FNFDCM
235
Folger Nolan Fleming Douglas Capital Management
District of Columbia
– -$29K -1,000 Closed
MWM
236
Modera Wealth Management
New Jersey
– -$27.4K -940 Closed
OCM
237
Orleans Capital Management
Louisiana
– -$19.4K -667 Closed
JWA
238
JFS Wealth Advisors
Pennsylvania
– -$16.6K -571 Closed
FIA
239
FNY Investment Advisers
New York
– -$9K -333 Closed
TWC
240
TD Waterhouse Canada
Ontario, Canada
– -$952 -33 Closed
ASN
241
Advisory Services Network
Georgia
– -$776 -27 Closed
TSWM
242
Tyler-Stone Wealth Management
Ohio
– -$376 -13 Closed
6 7 8 9
10

GSAT Hedge Fund Activity: Q1 2024 in Review

219 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q1 2024, worth a combined $535M — down 24% from $700M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new GSAT positions and 24 closed out — a net gain of 9 holders — while 70 added to existing stakes and 51 trimmed.

The largest buyer was Ashford Capital Management, adding an estimated $10.7M. The largest seller was Mudrick Capital Management, cutting an estimated $14.6M.

  • 219 institutional investors held Globalstar (GSAT) as of Q1 2024, up from 213 in Q4 2023.
  • Funds reported $535M of Globalstar stock for Q1 2024, down 24% quarter-over-quarter.
  • 33 funds opened new Globalstar positions in Q1 2024 and 24 closed out, a net change of +9 holders.
  • The largest Globalstar buyer in Q1 2024 was Ashford Capital Management, an estimated $10.7M added.
  • The largest Globalstar seller in Q1 2024 was Mudrick Capital Management, an estimated $14.6M sold.

Based on aggregated 13F filings for Q1 2024.