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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
EWA
126
EP Wealth Advisors
California
$59.6K – – –
EWM
127
Evercore Wealth Management
New York
$58.8K – – –
SW
128
Simplicity Wealth
New Jersey
$58.8K +$64.6K +2,667 New
RPC
129
Rossmore Private Capital
Connecticut
$54.2K – – –
GCP
130
GSA Capital Partners
United Kingdom
$50K +$54.8K +2,265 New
MLICM
131
Metropolitan Life Insurance Company (MetLife)
New York
$49.3K -$3.2K -132 -6%
VFA
132
Valeo Financial Advisors
Indiana
$48.6K +$3.22K +133 +6%
HHGC
133
Hunting Hill Global Capital
New York
$46.3K -$24.2K -1,000 -32%
DB
134
Danske Bank
Denmark
$44.8K +$49.2K +2,032 New
JIC
135
Joel Isaacson & Co
New York
$44.1K – – –
Thrivent Financial for Lutherans
136
Thrivent Financial for Lutherans
Minnesota
$40K +$11.5K +473 +35%
Bank of Montreal
137
Bank of Montreal
Ontario, Canada
$39K -$1.62K -67 -4%
ACA
138
Aptus Capital Advisors
Alabama
$38K +$41.7K +1,721 New
TSS
139
Two Sigma Securities
New York
$37.4K -$29.6K -1,221 -42%
Baird Financial Group
140
Baird Financial Group
Wisconsin
$36.8K +$16.2K +667 +67%
WF
141
Wayfinding Financial
Washington
$36K – – –
AB
142
Amalgamated Bank
New York
$35K -$113K -4,650 -74%
BCM
143
Brookstone Capital Management
Illinois
$33.9K +$97 +4 +0.3%
SLC
144
Second Line Capital
Louisiana
$33.5K +$36.8K +1,521 New
Janney Montgomery Scott
145
Janney Montgomery Scott
Pennsylvania
$33K +$8.06K +333 +29%
CAMG
146
CWA Asset Management Group
Florida
$32.3K – – –
Pathstone Holdings
147
Pathstone Holdings
New Jersey
$31.3K +$34.4K +1,419 New
CIBC Asset Management
148
CIBC Asset Management
Ontario, Canada
$30.9K – – –
RZH
149
Relyea Zuckerberg Hanson
Connecticut
$30.8K – – –
Creative Planning
150
Creative Planning
Kansas
$30.1K -$25.5K -1,055 -44%
4 5
6
7 8

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.