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Globalstar
GSAT

219 hedge funds and large institutions have $535M invested in Globalstar in 2024 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 70 increasing their positions, 51 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

365% more call options, than puts

Call options by funds: $11.8M | Put options by funds: $2.54M

38% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 24

37% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 51

3% more funds holding

Funds holding: 213 → 219 (+6)

0.01% more ownership

Funds ownership: 1.28% → 1.3% (+0.01%)

24% less capital invested

Capital invested by funds: $700M → $535M (-$165M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
219
Holders Change
+6
Holders Change %
+2.82%
% of All Funds
3.15%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
33
Increased
70
Reduced
51
Closed
24
Calls
$11.8M
Puts
$2.54M
Net Calls
+$9.26M
Net Calls Change
-$18M

Top Buyers

1
ACM
Ashford Capital Management
Delaware
+$10.7M
2
GF
Greenhouse Funds
Maryland
+$9.96M
3
AFM
Anson Funds Management
Texas
+$4.89M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$2.41M
5
WHCM
Wolf Hill Capital Management
Connecticut
+$2.06M

Top Sellers

1
MCM
Mudrick Capital Management
New York
-$14.6M
2
Morgan Stanley
Morgan Stanley
New York
-$6.25M
3
HAM
Honeycomb Asset Management
New York
-$3.59M
4
LWCA
Locust Wood Capital Advisers
New York
-$2.77M
5
VOYA Investment Management
VOYA Investment Management
Georgia
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
101
Two Sigma Investments
New York
$120K +$19.7K +813 +17%
HSBC Holdings
102
HSBC Holdings
United Kingdom
$118K +$129K +5,347 New
PA
103
Pinnacle Associates
New York
$118K – – –
GWSG
104
GPS Wealth Strategies Group
Colorado
$117K – – –
CSS
105
Cubist Systematic Strategies
Connecticut
$114K -$703K -29,034 -85%
BP
106
Ballentine Partners
Massachusetts
$107K -$387 -16 -0.3%
Neuberger Berman Group
107
Neuberger Berman Group
New York
$102K -$20.5K -848 -16%
AIP
108
Ameritas Investment Partners
Nebraska
$101K – – –
FFS
109
Founders Financial Securities
Maryland
$100K – – –
Pictet Asset Management
110
Pictet Asset Management
Switzerland
$98.7K – – –
State of Wisconsin Investment Board
111
State of Wisconsin Investment Board
Wisconsin
$88.7K -$15.1K -625 -13%
SWA
112
Stratos Wealth Advisors
Ohio
$88.2K – – –
Commonwealth Equity Services
113
Commonwealth Equity Services
Massachusetts
$86K -$2.57K -106 -3%
Prudential Financial
114
Prudential Financial
New Jersey
$83.7K +$2.74K +113 +3%
FCH
115
Freestone Capital Holdings
Washington
$77.2K – – –
BC
116
Burney Company
Virginia
$73.5K – – –
PGWM
117
Parisi Gray Wealth Management
New Jersey
$73.5K – – –
PFA
118
Pure Financial Advisors
California
$73.5K – – –
Stifel Financial
119
Stifel Financial
Missouri
$70K +$24.2K +998 +46%
Citadel Advisors
120
Citadel Advisors
Florida
$69K -$375K -15,483 -83%
SG Americas Securities
121
SG Americas Securities
New York
$69K +$42.2K +1,744 +126%
HAG
122
HighPoint Advisor Group
Illinois
$68K – – –
Mackenzie Financial
123
Mackenzie Financial
Ontario, Canada
$65.1K – – –
X
124
Xponance
Pennsylvania
$64.9K +$1.77K +73 +3%
ECM
125
Evergreen Capital Management
Washington
$59.9K – – –
3 4
5
6 7

GSAT Hedge Fund Activity: Q1 2024 in Review

219 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q1 2024, worth a combined $535M — down 24% from $700M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new GSAT positions and 24 closed out — a net gain of 9 holders — while 70 added to existing stakes and 51 trimmed.

The largest buyer was Ashford Capital Management, adding an estimated $10.7M. The largest seller was Mudrick Capital Management, cutting an estimated $14.6M.

  • 219 institutional investors held Globalstar (GSAT) as of Q1 2024, up from 213 in Q4 2023.
  • Funds reported $535M of Globalstar stock for Q1 2024, down 24% quarter-over-quarter.
  • 33 funds opened new Globalstar positions in Q1 2024 and 24 closed out, a net change of +9 holders.
  • The largest Globalstar buyer in Q1 2024 was Ashford Capital Management, an estimated $10.7M added.
  • The largest Globalstar seller in Q1 2024 was Mudrick Capital Management, an estimated $14.6M sold.

Based on aggregated 13F filings for Q1 2024.