Globalstar
GSAT
186 hedge funds and large institutions have $333M invested in Globalstar in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 64 increasing their positions, 45 reducing their positions, and 26 closing their positions.
1,468% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $729K
42% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 45
0.1% less ownership
Funds ownership: 1.23% → 1.14% (-0.1%)
7% less funds holding
Funds holding: 201 → 186 (-15)
14% less capital invested
Capital invested by funds: $387M → $333M (-$53.4M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
50% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$2.97M |
| 2 |
D.E. Shaw & Co
New York
|
+$1.48M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$1.27M |
| 4 |
BlackRock
New York
|
+$1.27M |
| 5 |
LTAS
Linden Thomas Advisory Services
Charlotte,
North Carolina
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Mudrick Capital Management
New York
|
-$25.6M |
| 2 |
EH
EMG Holdings
Old Greenwich,
Connecticut
|
-$4.86M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$1.93M |
| 4 |
Morgan Stanley
New York
|
-$1.71M |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFS
201
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$14K | -780 | Closed |
|
|
ECM
202
ExodusPoint Capital Management
New York
| – | -$12K | -702 | Closed |
|
203
Dimensional Fund Advisors
Austin,
Texas
| – | -$11.7K | -675 | Closed |
|
|
LNWWM
204
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$11.6K | -668 | Closed |
|
205
Simplex Trading
Chicago,
Illinois
| – | -$5.84K | -364 | Closed |
|
|
ASN
206
Advisory Services Network
Atlanta,
Georgia
| – | -$1.2K | -69 | Closed |
|
|
TCPG
207
Trivant Custom Portfolio Group
San Diego,
California
| – | -$1.16K | -67 | Closed |
|
|
BAM
208
Belpointe Asset Management
Reno,
Nevada
| – | -$580 | -33 | Closed |
|
|
BF
209
BOK Financial
Tulsa,
Oklahoma
| – | -$580 | -33 | Closed |
|
|
LC
210
Lindbrook Capital
Calabasas,
California
| – | -$516 | -30 | Closed |
|
|
HT
211
Headlands Technologies
Chicago,
Illinois
| – | -$464 | -27 | Closed |
|
|
C
212
Covestor
London,
United Kingdom
| – | -$16 | -1 | -9% |
|
GSAT Hedge Fund Activity: Q2 2023 in Review
186 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q2 2023, worth a combined $333M — down 14% from $387M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of GSAT and 13 opened new positions — a net loss of 13 holders — while 45 trimmed existing stakes and 64 added.
The largest buyer was Citadel Advisors, adding an estimated $2.97M. The largest seller was Mudrick Capital Management, cutting an estimated $25.6M.
- 186 institutional investors held Globalstar (GSAT) as of Q2 2023, down from 201 in Q1 2023.
- Funds reported $333M of Globalstar stock for Q2 2023, down 14% quarter-over-quarter.
- 13 funds opened new Globalstar positions in Q2 2023 and 26 closed out, a net change of -13 holders.
- The largest Globalstar buyer in Q2 2023 was Citadel Advisors, an estimated $2.97M added.
- The largest Globalstar seller in Q2 2023 was Mudrick Capital Management, an estimated $25.6M sold.
Based on aggregated 13F filings for Q2 2023.