Globalstar
GSAT
113 hedge funds and large institutions have $202M invested in Globalstar in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 34 reducing their positions, and 20 closing their positions.
48% more call options, than puts
Call options by funds: $77K | Put options by funds: $52K
0.09% less ownership
Funds ownership: 2.2% → 2.11% (-0.09%)
1% less capital invested
Capital invested by funds: $205M → $202M (-$2.69M)
9% less funds holding
Funds holding: 124 → 113 (-11)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
35% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 34
55% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
6CM
683 Capital Management
New York
|
+$1.99M |
| 2 |
BlackRock
New York
|
+$1.54M |
| 3 |
FS
Feinberg Stephen
|
+$1.21M |
| 4 |
SPCM
Sound Point Capital Management
New York
|
+$996K |
| 5 |
SP
Steelhead Partners
Seattle,
Washington
|
+$963K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.4M |
| 2 |
Goldman Sachs
New York
|
-$1.76M |
| 3 |
Morgan Stanley
New York
|
-$1.38M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$1.36M |
| 5 |
YCMGA
York Capital Management Global Advisors
New York
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DWM
126
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$7K | -1,000 | Closed |
|
127
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$2K | -283 | Closed |
|
|
QI
128
QS Investors
New York
| – | -$1K | -124 | Closed |
|
129
Envestnet Asset Management
Chicago,
Illinois
| – | -$1K | -94 | Closed |
|
GSAT Hedge Fund Activity: Q3 2018 in Review
113 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q3 2018, worth a combined $202M — down 1.3% from $205M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of GSAT and 9 opened new positions — a net loss of 11 holders — while 34 trimmed existing stakes and 22 added.
The largest buyer was 683 Capital Management, opening a new position worth an estimated $1.99M. The largest seller was Millennium Management, cutting an estimated $2.4M.
- 113 institutional investors held Globalstar (GSAT) as of Q3 2018, down from 124 in Q2 2018.
- Funds reported $202M of Globalstar stock for Q3 2018, down 1.3% quarter-over-quarter.
- 9 funds opened new Globalstar positions in Q3 2018 and 20 closed out, a net change of -11 holders.
- The largest Globalstar buyer in Q3 2018 was 683 Capital Management, an estimated $1.99M added.
- The largest Globalstar seller in Q3 2018 was Millennium Management, an estimated $2.4M sold.
Based on aggregated 13F filings for Q3 2018.