Globalstar
GSAT
121 hedge funds and large institutions have $165M invested in Globalstar in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 31 reducing their positions, and 9 closing their positions.
578% more call options, than puts
Call options by funds: $251K | Put options by funds: $37K
89% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 9
6% more funds holding
Funds holding: 114 → 121 (+7)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0.06% less ownership
Funds ownership: 1.83% → 1.76% (-0.06%)
34% less capital invested
Capital invested by funds: $252M → $165M (-$86.7M)
48% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$4.5M |
| 2 |
NGA
New Generation Advisors
Manchester,
Massachusetts
|
+$4.34M |
| 3 |
CPA
Columbia Pacific Advisors
Seattle,
Washington
|
+$528K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$405K |
| 5 |
Renaissance Technologies
New York
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.74M |
| 2 |
BlackRock
New York
|
-$2.35M |
| 3 |
FS
Feinberg Stephen
|
-$2.19M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.89M |
| 5 |
Goldman Sachs
New York
|
-$1.87M |
GSAT Hedge Fund Activity: Q1 2019 in Review
121 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q1 2019, worth a combined $165M — down 34% from $252M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new GSAT positions and 9 closed out — a net gain of 8 holders — while 16 added to existing stakes and 31 trimmed.
The largest buyer was Legion Partners Asset Management, opening a new position worth an estimated $4.5M. The largest seller was Vanguard Group, cutting an estimated $4.74M.
- 121 institutional investors held Globalstar (GSAT) as of Q1 2019, up from 114 in Q4 2018.
- Funds reported $165M of Globalstar stock for Q1 2019, down 34% quarter-over-quarter.
- 17 funds opened new Globalstar positions in Q1 2019 and 9 closed out, a net change of +8 holders.
- The largest Globalstar buyer in Q1 2019 was Legion Partners Asset Management, an estimated $4.5M added.
- The largest Globalstar seller in Q1 2019 was Vanguard Group, an estimated $4.74M sold.
Based on aggregated 13F filings for Q1 2019.