Globalstar
GSAT
140 hedge funds and large institutions have $327M invested in Globalstar in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 42 increasing their positions, 46 reducing their positions, and 13 closing their positions.
388% more call options, than puts
Call options by funds: $7.77M | Put options by funds: $1.59M
0.1% less ownership
Funds ownership: 2.02% → 1.92% (-0.1%)
2% less capital invested
Capital invested by funds: $333M → $327M (-$6.23M)
9% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 46
3% less funds holding
Funds holding: 145 → 140 (-5)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.8M |
| 2 |
BTP
Bloom Tree Partners
New York
|
+$2.28M |
| 3 |
D.E. Shaw & Co
New York
|
+$1.56M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$847K |
| 5 |
Bank of New York Mellon
New York
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Wingspan Investment Management
New York
|
-$8.37M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$4.2M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$2.04M |
| 4 |
Millennium Management
New York
|
-$1.33M |
| 5 |
CPA
Columbia Pacific Advisors
Seattle,
Washington
|
-$994K |
GSAT Hedge Fund Activity: Q3 2016 in Review
140 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q3 2016, worth a combined $327M — down 1.9% from $333M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of GSAT and 9 opened new positions — a net loss of 4 holders — while 46 trimmed existing stakes and 42 added.
The largest buyer was Vanguard Group, adding an estimated $10.8M. The largest seller was Wingspan Investment Management, cutting an estimated $8.37M.
- 140 institutional investors held Globalstar (GSAT) as of Q3 2016, down from 145 in Q2 2016.
- Funds reported $327M of Globalstar stock for Q3 2016, down 1.9% quarter-over-quarter.
- 9 funds opened new Globalstar positions in Q3 2016 and 13 closed out, a net change of -4 holders.
- The largest Globalstar buyer in Q3 2016 was Vanguard Group, an estimated $10.8M added.
- The largest Globalstar seller in Q3 2016 was Wingspan Investment Management, an estimated $8.37M sold.
Based on aggregated 13F filings for Q3 2016.