Globalstar
GSAT
132 hedge funds and large institutions have $426M invested in Globalstar in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 60 increasing their positions, 23 reducing their positions, and 13 closing their positions.
161% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 23
90% more call options, than puts
Call options by funds: $3.13M | Put options by funds: $1.65M
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
4% more funds holding
Funds holding: 127 → 132 (+5)
0.09% less ownership
Funds ownership: 2.24% → 2.15% (-0.09%)
2% less capital invested
Capital invested by funds: $437M → $426M (-$10.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Greenlight Capital
New York
|
+$14.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.3M |
| 3 |
SP
Steelhead Partners
Seattle,
Washington
|
+$4.38M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.77M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$56.6M |
| 2 |
VAM
Visium Asset Management
New York
|
-$8.1M |
| 3 |
BPGAM
BTG Pactual Global Asset Management
Hamilton,
Bermuda
|
-$5.67M |
| 4 |
SPCM
Sound Point Capital Management
New York
|
-$2.86M |
| 5 |
Millennium Management
New York
|
-$1.84M |
GSAT Hedge Fund Activity: Q1 2016 in Review
132 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q1 2016, worth a combined $426M — down 2.5% from $437M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GSAT positions and 13 closed out — a net gain of 5 holders — while 60 added to existing stakes and 23 trimmed.
The largest buyer was Greenlight Capital, opening a new position worth an estimated $14.3M. The largest seller was Columbia Wanger Asset Management, exiting entirely with an estimated $56.6M sold.
- 132 institutional investors held Globalstar (GSAT) as of Q1 2016, up from 127 in Q4 2015.
- Funds reported $426M of Globalstar stock for Q1 2016, down 2.5% quarter-over-quarter.
- 18 funds opened new Globalstar positions in Q1 2016 and 13 closed out, a net change of +5 holders.
- The largest Globalstar buyer in Q1 2016 was Greenlight Capital, an estimated $14.3M added.
- The largest Globalstar seller in Q1 2016 was Columbia Wanger Asset Management, an estimated $56.6M sold.
Based on aggregated 13F filings for Q1 2016.