Globalstar
GSAT
145 hedge funds and large institutions have $333M invested in Globalstar in 2016 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 45 increasing their positions, 46 reducing their positions, and 19 closing their positions.
587% more call options, than puts
Call options by funds: $14.8M | Put options by funds: $2.15M
74% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 19
10% more funds holding
Funds holding: 132 → 145 (+13)
0.13% less ownership
Funds ownership: 2.15% → 2.02% (-0.13%)
2% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 46
22% less capital invested
Capital invested by funds: $426M → $333M (-$93.4M)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Wingspan Investment Management
New York
|
+$15.5M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$14.1M |
| 3 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
+$7.98M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$7.13M |
| 5 |
JCI
Jet Capital Investors
New York
|
+$4.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Litespeed Management
New York
|
-$30.8M |
| 2 |
GC
Greenlight Capital
New York
|
-$16.6M |
| 3 |
SP
Steelhead Partners
Seattle,
Washington
|
-$9.48M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$8.92M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Neuberger Berman Group
New York
| – | -$37K | -1,667 | Closed |
|
|
PPA
152
Parametric Portfolio Associates
Seattle,
Washington
| – | -$25K | -1,138 | Closed |
|
153
Dimensional Fund Advisors
Austin,
Texas
| – | -$25K | -1,121 | Closed |
|
154
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$20K | -920 | Closed |
|
155
Nomura Holdings
Tokyo,
Japan
| – | -$19K | -867 | Closed |
|
|
CSS
156
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$18K | -799 | Closed |
|
157
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$9K | -400 | Closed |
|
|
LTFS
158
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$2.47K | -93 | -96% |
|
|
TRCT
159
Tower Research Capital (TRC)
New York
| – | -$638 | -24 | -63% |
|
|
QI
160
QS Investors
New York
| – | -$1K | -13 | Closed |
|
|
AG
161
Advisor Group
Phoenix,
Arizona
| – | +$106 | +4 | New |
|
GSAT Hedge Fund Activity: Q2 2016 in Review
145 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q2 2016, worth a combined $333M — down 22% from $426M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new GSAT positions and 19 closed out — a net gain of 14 holders — while 45 added to existing stakes and 46 trimmed.
The largest buyer was Wingspan Investment Management, adding an estimated $15.5M. The largest seller was Litespeed Management, exiting entirely with an estimated $30.8M sold.
- 145 institutional investors held Globalstar (GSAT) as of Q2 2016, up from 132 in Q1 2016.
- Funds reported $333M of Globalstar stock for Q2 2016, down 22% quarter-over-quarter.
- 33 funds opened new Globalstar positions in Q2 2016 and 19 closed out, a net change of +14 holders.
- The largest Globalstar buyer in Q2 2016 was Wingspan Investment Management, an estimated $15.5M added.
- The largest Globalstar seller in Q2 2016 was Litespeed Management, an estimated $30.8M sold.
Based on aggregated 13F filings for Q2 2016.