Globalstar
GSAT
144 hedge funds and large institutions have $508M invested in Globalstar in 2017 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 62 increasing their positions, 25 reducing their positions, and 19 closing their positions.
148% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 25
0.01% less ownership
Funds ownership: 2.04% → 2.02% (-0.01%)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
2% less funds holding
Funds holding: 147 → 144 (-3)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
21% less capital invested
Capital invested by funds: $640M → $508M (-$132M)
40% less call options, than puts
Call options by funds: $959K | Put options by funds: $1.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRCM
Swift Run Capital Management
Charlottesville,
Virginia
|
+$5.03M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.94M |
| 3 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
+$3.33M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.77M |
| 5 |
TI
Telemetry Investments
New York
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Scoggin Management
New York
|
-$4.45M |
| 2 |
JCI
Jet Capital Investors
New York
|
-$3.48M |
| 3 |
AIS
AlphaOne Investment Services
West Chester,
Pennsylvania
|
-$1.42M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.06M |
| 5 |
Jane Street
New York
|
-$986K |
GSAT Hedge Fund Activity: Q3 2017 in Review
144 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q3 2017, worth a combined $508M — down 21% from $640M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of GSAT and 18 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 62 added.
The largest buyer was Swift Run Capital Management, opening a new position worth an estimated $5.03M. The largest seller was Scoggin Management, cutting an estimated $4.45M.
- 144 institutional investors held Globalstar (GSAT) as of Q3 2017, down from 147 in Q2 2017.
- Funds reported $508M of Globalstar stock for Q3 2017, down 21% quarter-over-quarter.
- 18 funds opened new Globalstar positions in Q3 2017 and 19 closed out, a net change of -1 holder.
- The largest Globalstar buyer in Q3 2017 was Swift Run Capital Management, an estimated $5.03M added.
- The largest Globalstar seller in Q3 2017 was Scoggin Management, an estimated $4.45M sold.
Based on aggregated 13F filings for Q3 2017.