Globalstar
GSAT
9 hedge funds and large institutions have $97M invested in Globalstar in 2013 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 3 closing their positions.
93% more capital invested
Capital invested by funds: $50.4M → $97M (+$46.6M)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
0% more funds holding
Funds holding: 9 → 9 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCI
Jet Capital Investors
New York
|
+$10.1M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$5.95M |
| 3 |
EEG
E.E. Geduld
|
+$464K |
| 4 |
CCM
Chilton Capital Management
Houston,
Texas
|
+$114K |
| 5 |
OCM
Orleans Capital Management
Mandeville,
Louisiana
|
+$28K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$210K |
| 2 |
BC
Burney Company
Reston,
Virginia
|
-$82.2K |
| 3 |
BMO
Beck Mack & Oliver
New York
|
-$71.7K |
| 4 |
ACM
Advent Capital Management
New York
|
-$33K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWAM
1
Columbia Wanger Asset Management
Chicago,
Illinois
| $44.6M | +$5.95M | +226,667 | +15% |
|
|
BMO
2
Beck Mack & Oliver
New York
| $35M | -$71.7K | -2,733 | -0.2% |
|
|
JCI
3
Jet Capital Investors
New York
| $16.6M | +$10.1M | +384,296 | +154% |
|
|
EEG
4
E.E. Geduld
| $464K | +$464K | +17,667 | New |
|
|
CCM
5
Chilton Capital Management
Houston,
Texas
| $166K | +$114K | +4,333 | +217% |
|
|
BC
6
Burney Company
Reston,
Virginia
| $34K | -$82.2K | -3,163 | -71% |
|
|
OCM
7
Orleans Capital Management
Mandeville,
Louisiana
| $28K | +$28K | +1,067 | New |
|
|
WJA
8
Williams Jones & Associates
New York
| $23K | – | – | – |
|
|
GA
9
Geneva Advisors
Chicago,
Illinois
| $22K | +$22K | +845 | New |
|
|
10
Ameriprise
Minneapolis,
Minnesota
| – | -$210K | -12,879 | Closed |
|
|
ACM
11
Advent Capital Management
New York
| – | -$33K | -2,000 | Closed |
|
GSAT Hedge Fund Activity: Q4 2013 in Review
9 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q4 2013, worth a combined $97M — up 93% from $50.4M a quarter earlier.
Fund positioning in GSAT was balanced in Q4 2013: 3 funds opened new positions, 3 closed out, 3 added to existing stakes and 2 trimmed.
The largest buyer was Jet Capital Investors, adding an estimated $10.1M. The largest seller was Ameriprise, exiting entirely with an estimated $210K sold.
- 9 institutional investors held Globalstar (GSAT) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $97M of Globalstar stock for Q4 2013, up 93% quarter-over-quarter.
- 3 funds opened new Globalstar positions in Q4 2013 and 3 closed out, a net change of 0 holders.
- The largest Globalstar buyer in Q4 2013 was Jet Capital Investors, an estimated $10.1M added.
- The largest Globalstar seller in Q4 2013 was Ameriprise, an estimated $210K sold.
Based on aggregated 13F filings for Q4 2013.