Globalstar
GSAT
93 hedge funds and large institutions have $97M invested in Globalstar in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 16 closing their positions.
3,000% more call options, than puts
Call options by funds: $155K | Put options by funds: $5K
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
4% more capital invested
Capital invested by funds: $93.4M → $97M (+$3.62M)
0.08% less ownership
Funds ownership: 1.27% → 1.19% (-0.08%)
7% less funds holding
Funds holding: 100 → 93 (-7)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$633K |
| 2 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$469K |
| 3 |
WG
Winton Group
London,
United Kingdom
|
+$382K |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$135K |
| 5 |
Swiss National Bank
Zurich,
Switzerland
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Mason Capital Management
New York
|
-$2.58M |
| 2 |
MCM
Mudrick Capital Management
New York
|
-$1.84M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.16M |
| 4 |
CC
Caspian Capital
New York
|
-$1.05M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
-$744K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Truist Financial
Charlotte,
North Carolina
| – | -$3K | -667 | Closed |
|
|
MRCM
102
M&R Capital Management
Summit,
New Jersey
| – | -$1K | -333 | Closed |
|
|
SFS
103
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$413 | +87 | New |
|
GSAT Hedge Fund Activity: Q2 2020 in Review
93 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q2 2020, worth a combined $97M — up 3.9% from $93.4M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of GSAT and 9 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 24 added.
The largest buyer was BlackRock, adding an estimated $633K. The largest seller was Mason Capital Management, exiting entirely with an estimated $2.58M sold.
- 93 institutional investors held Globalstar (GSAT) as of Q2 2020, down from 100 in Q1 2020.
- Funds reported $97M of Globalstar stock for Q2 2020, up 3.9% quarter-over-quarter.
- 9 funds opened new Globalstar positions in Q2 2020 and 16 closed out, a net change of -7 holders.
- The largest Globalstar buyer in Q2 2020 was BlackRock, an estimated $633K added.
- The largest Globalstar seller in Q2 2020 was Mason Capital Management, an estimated $2.58M sold.
Based on aggregated 13F filings for Q2 2020.