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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
PA
201
Parallel Advisors
California
$1.24K -$460 -19 -25%
Kayne Anderson Rudnick Investment Management
202
Kayne Anderson Rudnick Investment Management
California
$1.23K – – –
VL
203
Vima LLC
Michigan
$1.16K – – –
GI
204
GAMMA Investing
California
$1.15K – – –
CAM
205
Creekmur Asset Management
Illinois
$926 – – –
PFBT
206
Parkside Financial Bank & Trust
Missouri
$735 – – –
FFWM
207
Future Financial Wealth Management
Ohio
$441 +$484 +20 New
BFS
208
Burkett Financial Services
South Carolina
$338 +$363 +15 New
CIA
209
Cape Investment Advisory
Georgia
$294 +$315 +13 New
First Manhattan
210
First Manhattan
New York
$273 – – –
AWM
211
Avior Wealth Management
Nebraska
$191 +$218 +9 New
FFL
212
Financial Freedom LLC
Ohio
$168 – – –
RIL
213
Rothschild Investment LLC
Illinois
$132 +$145 +6 New
TRCT
214
Tower Research Capital (TRC)
New York
$100 -$121K -4,987 -100%
FWA
215
FSC Wealth Advisors
New York
$76 – – –
FA
216
Financial Avengers
California
$73 – – –
CA
217
CoreCap Advisors
Michigan
$62 +$73 +3 New
FFA
218
Farther Finance Advisors
California
$31 – – –
HAM
219
Honeycomb Asset Management
New York
– -$3.59M -123,333 Closed
LWCA
220
Locust Wood Capital Advisers
New York
– -$2.77M -95,160 Closed
EH
221
EMG Holdings
Connecticut
– -$2.07M -71,213 Closed
SC
222
Saltoro Capital
Texas
– -$553K -19,000 Closed
HWM
223
Hohimer Wealth Management
Washington
– -$458K -15,747 Closed
AHIA
224
Andrew Hill Investment Advisors
Florida
– -$360K -12,360 Closed
SPM
225
Symmetry Peak Management
Pennsylvania
– -$335K -11,527 Closed
6 7 8
9
10

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.