Globalstar
GSAT
125 hedge funds and large institutions have $485M invested in Globalstar in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 56 increasing their positions, 34 reducing their positions, and 17 closing their positions.
398% more call options, than puts
Call options by funds: $8.77M | Put options by funds: $1.76M
65% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 34
0.08% less ownership
Funds ownership: 2.36% → 2.28% (-0.08%)
7% less funds holding
Funds holding: 134 → 125 (-9)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
26% less capital invested
Capital invested by funds: $651M → $485M (-$166M)
47% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$8.77M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$2.79M |
| 3 |
WIM
Wingspan Investment Management
New York
|
+$2.55M |
| 4 |
CPA
Columbia Pacific Advisors
Seattle,
Washington
|
+$2.44M |
| 5 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCMGA
York Capital Management Global Advisors
New York
|
-$5.63M |
| 2 |
PCM
Panning Capital Management
New York
|
-$5.06M |
| 3 |
JP Morgan Chase
New York
|
-$4.74M |
| 4 |
CCM
Clovis Capital Management
New York
|
-$2.95M |
| 5 |
Millennium Management
New York
|
-$1.97M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BACM
126
Blue Arrow Capital Management
New York
| – | -$1.83M | -57,877 | Closed |
|
|
PP
127
Paloma Partners
Greenwich,
Connecticut
| – | -$1.62M | -51,111 | Closed |
|
128
AQR Capital Management
Greenwich,
Connecticut
| – | -$882K | -27,867 | Closed |
|
|
CCM
129
Catapult Capital Management
New York
| – | -$538K | -19,086 | Closed |
|
|
AIM
130
Act II Management
New York
| – | -$528K | -16,667 | Closed |
|
|
GECH
131
Garnet Equity Capital Holdings
New York
| – | -$422K | -13,333 | Closed |
|
|
JGC
132
J. Goldman & Co
New York
| – | -$154K | -4,857 | Closed |
|
|
KPF
133
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$73K | -2,300 | Closed |
|
|
TSS
134
Two Sigma Securities
New York
| – | -$50K | -1,589 | Closed |
|
135
Balyasny Asset Management
Chicago,
Illinois
| – | -$38K | -1,215 | Closed |
|
136
M&T Bank
Buffalo,
New York
| – | -$38K | -1,200 | Closed |
|
|
LCS
137
Levin Capital Strategies
New York
| – | -$21K | -667 | Closed |
|
|
GXMC
138
Global X Management Company
New York
| – | -$12K | -373 | Closed |
|
139
Simplex Trading
Chicago,
Illinois
| – | -$1.16K | -41 | -85% |
|
GSAT Hedge Fund Activity: Q3 2015 in Review
125 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q3 2015, worth a combined $485M — down 26% from $651M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of GSAT and 9 opened new positions — a net loss of 8 holders — while 34 trimmed existing stakes and 56 added.
The largest buyer was Columbia Wanger Asset Management, adding an estimated $8.77M. The largest seller was York Capital Management Global Advisors, cutting an estimated $5.63M.
- 125 institutional investors held Globalstar (GSAT) as of Q3 2015, down from 134 in Q2 2015.
- Funds reported $485M of Globalstar stock for Q3 2015, down 26% quarter-over-quarter.
- 9 funds opened new Globalstar positions in Q3 2015 and 17 closed out, a net change of -8 holders.
- The largest Globalstar buyer in Q3 2015 was Columbia Wanger Asset Management, an estimated $8.77M added.
- The largest Globalstar seller in Q3 2015 was York Capital Management Global Advisors, an estimated $5.63M sold.
Based on aggregated 13F filings for Q3 2015.