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Globalstar
GSAT

145 hedge funds and large institutions have $333M invested in Globalstar in 2016 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 45 increasing their positions, 46 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

587% more call options, than puts

Call options by funds: $14.8M | Put options by funds: $2.15M

74% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 19

10% more funds holding

Funds holding: 132 → 145 (+13)

0.13% less ownership

Funds ownership: 2.15% → 2.02% (-0.13%)

2% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 46

22% less capital invested

Capital invested by funds: $426M → $333M (-$93.4M)

22% less funds holding in top 10

Funds holding in top 10: 9 → 7 (-2)

Holders
145
Holders Change
+13
Holders Change %
+9.85%
% of All Funds
3.87%
Holding in Top 10
7
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-22.22%
% of All Funds
0.19%
New
33
Increased
45
Reduced
46
Closed
19
Calls
$14.8M
Puts
$2.15M
Net Calls
+$12.6M
Net Calls Change
+$11.1M

Top Buyers

1
WIM
Wingspan Investment Management
New York
+$15.5M
2
UOC
UBS O'Connor
Illinois
+$14.1M
3
SAAM
Solus Alternative Asset Management
New Jersey
+$7.98M
4
BFA
BlackRock Fund Advisors
California
+$7.13M
5
JCI
Jet Capital Investors
New York
+$4.65M

Top Sellers

1
LM
Litespeed Management
New York
-$30.8M
2
GC
Greenlight Capital
New York
-$16.6M
3
SP
Steelhead Partners
Washington
-$9.48M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$8.92M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
GL
26
Governors Lane
New York
$2.26M +$3.31M +124,400 New
Goldman Sachs
27
Goldman Sachs
New York
$1.91M +$1.07M +40,078 +61%
BIM
28
BlackRock Investment Management
Delaware
$1.75M -$669K -25,174 -21%
Charles Schwab
29
Charles Schwab
California
$1.22M -$273K -10,262 -13%
MGA
30
MatlinPatterson Global Advisers
New York
$1.2M +$354K +13,333 +25%
CS
31
Credit Suisse
Switzerland
$1.06M +$1.2M +45,079 +332%
California State Teachers Retirement System (CalSTRS)
32
California State Teachers Retirement System (CalSTRS)
California
$947K -$401K -15,078 -22%
NC
33
Nokomis Capital
Texas
$938K +$1.37M +51,667 New
Swiss National Bank
34
Swiss National Bank
Switzerland
$908K +$228K +8,570 +21%
BMCM
35
Black Maple Capital Management
Wisconsin
$895K +$97.5K +3,667 +8%
GL
36
GLG LLC
New York
$863K +$1.26M +47,543 New
AllianceBernstein
37
AllianceBernstein
Tennessee
$793K – – –
TA
38
Teachers Advisors
New York
$742K -$170K -6,393 -14%
SM
39
Scoggin Management
New York
$720K +$1.05M +39,667 New
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
$703K +$935K +35,185 +990%
SFM
41
Soros Fund Management
New York
$605K – – –
OAM
42
Oxford Asset Management
United Kingdom
$569K +$833K +31,349 New
SG Americas Securities
43
SG Americas Securities
New York
$565K -$585K -22,012 -41%
SG
44
Societe Generale
$565K +$828K +31,140 New
Citigroup
45
Citigroup
New York
$554K -$489K -18,381 -38%
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$531K -$499K -18,767 -39%
ARTA
47
A.R.T. Advisors
New York
$517K +$757K +28,487 New
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$438K -$164K -6,173 -20%
MLICM
49
Metropolitan Life Insurance Company (MetLife)
New York
$401K – – –
AQR Capital Management
50
AQR Capital Management
Connecticut
$400K +$197K +7,407 +51%
1
2
3 4 5

GSAT Hedge Fund Activity: Q2 2016 in Review

145 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q2 2016, worth a combined $333M — down 22% from $426M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new GSAT positions and 19 closed out — a net gain of 14 holders — while 45 added to existing stakes and 46 trimmed.

The largest buyer was Wingspan Investment Management, adding an estimated $15.5M. The largest seller was Litespeed Management, exiting entirely with an estimated $30.8M sold.

  • 145 institutional investors held Globalstar (GSAT) as of Q2 2016, up from 132 in Q1 2016.
  • Funds reported $333M of Globalstar stock for Q2 2016, down 22% quarter-over-quarter.
  • 33 funds opened new Globalstar positions in Q2 2016 and 19 closed out, a net change of +14 holders.
  • The largest Globalstar buyer in Q2 2016 was Wingspan Investment Management, an estimated $15.5M added.
  • The largest Globalstar seller in Q2 2016 was Litespeed Management, an estimated $30.8M sold.

Based on aggregated 13F filings for Q2 2016.