Globalstar
GSAT
119 hedge funds and large institutions have $180M invested in Globalstar in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 18 closing their positions.
200% more call options, than puts
Call options by funds: $264K | Put options by funds: $88K
12% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 25
9% more capital invested
Capital invested by funds: $165M → $180M (+$15.2M)
0.04% less ownership
Funds ownership: 1.76% → 1.73% (-0.04%)
6% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 18
2% less funds holding
Funds holding: 121 → 119 (-2)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| 1 |
MCM
Mudrick Capital Management
New York
|
+$8.07M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.24M |
| 3 |
NGA
New Generation Advisors
Manchester,
Massachusetts
|
+$1.17M |
| 4 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$977K |
| 5 |
BlackRock
New York
|
+$601K |
Top Sellers
| 1 |
CPA
Columbia Pacific Advisors
Seattle,
Washington
|
-$6.21M |
| 2 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
-$5.75M |
| 3 |
SG Americas Securities
New York
|
-$1.25M |
| 4 |
TAL
TIG Advisors LLC
New York
|
-$1.12M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$899K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
126
Two Sigma Securities
New York
| – | -$6K | -869 | Closed |
|
|
LWAC
127
Laurel Wealth Advisors (California)
Solana Beach,
California
| – | -$5K | -713 | Closed |
|
|
BC
128
Bartlett & Co
Cincinnati,
Ohio
| – | +$8 | +1 | New |
|
129
Bessemer Group
Woodbridge,
New Jersey
| – | +$204 | +26 | New |
|
|
AG
130
Aperio Group
Sausalito,
California
| – | +$532 | +68 | New |
|
GSAT Hedge Fund Activity: Q2 2019 in Review
119 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q2 2019, worth a combined $180M — up 9.2% from $165M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of GSAT and 17 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 28 added.
The largest buyer was Mudrick Capital Management, adding an estimated $8.07M. The largest seller was Columbia Pacific Advisors, cutting an estimated $6.21M.
- 119 institutional investors held Globalstar (GSAT) as of Q2 2019, down from 121 in Q1 2019.
- Funds reported $180M of Globalstar stock for Q2 2019, up 9.2% quarter-over-quarter.
- 17 funds opened new Globalstar positions in Q2 2019 and 18 closed out, a net change of -1 holder.
- The largest Globalstar buyer in Q2 2019 was Mudrick Capital Management, an estimated $8.07M added.
- The largest Globalstar seller in Q2 2019 was Columbia Pacific Advisors, an estimated $6.21M sold.
Based on aggregated 13F filings for Q2 2019.