Globalstar
GSAT
124 hedge funds and large institutions have $820M invested in Globalstar in 2014 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 45 increasing their positions, 38 reducing their positions, and 38 closing their positions.
280% more call options, than puts
Call options by funds: $13.1M | Put options by funds: $3.45M
18% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 38
0.19% less ownership
Funds ownership: 2.52% → 2.33% (-0.19%)
12% less funds holding
Funds holding: 141 → 124 (-17)
24% less capital invested
Capital invested by funds: $1.08B → $820M (-$257M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
42% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Assured Investment Management
New York
|
+$17.8M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$12.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$12.6M |
| 5 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
+$8.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$15.8M |
| 2 |
SA
Smithwood Advisers
Los Angeles,
California
|
-$14.6M |
| 3 |
JCI
Jet Capital Investors
New York
|
-$12.9M |
| 4 |
SM
Scoggin Management
New York
|
-$10.3M |
| 5 |
ACM
Archer Capital Management
New York
|
-$7.25M |
GSAT Hedge Fund Activity: Q4 2014 in Review
124 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q4 2014, worth a combined $820M — down 24% from $1.08B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of GSAT and 22 opened new positions — a net loss of 16 holders — while 38 trimmed existing stakes and 45 added.
The largest buyer was Assured Investment Management, opening a new position worth an estimated $17.8M. The largest seller was Hudson Bay Capital Management, cutting an estimated $15.8M.
- 124 institutional investors held Globalstar (GSAT) as of Q4 2014, down from 141 in Q3 2014.
- Funds reported $820M of Globalstar stock for Q4 2014, down 24% quarter-over-quarter.
- 22 funds opened new Globalstar positions in Q4 2014 and 38 closed out, a net change of -16 holders.
- The largest Globalstar buyer in Q4 2014 was Assured Investment Management, an estimated $17.8M added.
- The largest Globalstar seller in Q4 2014 was Hudson Bay Capital Management, an estimated $15.8M sold.
Based on aggregated 13F filings for Q4 2014.