Globalstar
GSAT
134 hedge funds and large institutions have $651M invested in Globalstar in 2015 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 62 increasing their positions, 28 reducing their positions, and 20 closing their positions.
121% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 28
70% more call options, than puts
Call options by funds: $5.05M | Put options by funds: $2.97M
35% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 20
5% more funds holding
Funds holding: 128 → 134 (+6)
0.05% more ownership
Funds ownership: 2.31% → 2.36% (+0.05%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
35% less capital invested
Capital invested by funds: $1B → $651M (-$351M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$14.3M |
| 2 |
LM
Litespeed Management
New York
|
+$8M |
| 3 |
BPGAM
BTG Pactual Global Asset Management
Hamilton,
Bermuda
|
+$6.94M |
| 4 |
CC
Caspian Capital
New York
|
+$6.17M |
| 5 |
Millennium Management
New York
|
+$5.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Assured Investment Management
New York
|
-$23.2M |
| 2 |
OMC
Overbrook Management Corp
New York
|
-$13.4M |
| 3 |
PCM
Panning Capital Management
New York
|
-$12.9M |
| 4 |
JCI
Jet Capital Investors
New York
|
-$8.38M |
| 5 |
LCM
Lomas Capital Management
New York
|
-$4.08M |
GSAT Hedge Fund Activity: Q2 2015 in Review
134 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q2 2015, worth a combined $651M — down 35% from $1B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new GSAT positions and 20 closed out — a net gain of 7 holders — while 62 added to existing stakes and 28 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $14.3M. The largest seller was Assured Investment Management, exiting entirely with an estimated $23.2M sold.
- 134 institutional investors held Globalstar (GSAT) as of Q2 2015, up from 128 in Q1 2015.
- Funds reported $651M of Globalstar stock for Q2 2015, down 35% quarter-over-quarter.
- 27 funds opened new Globalstar positions in Q2 2015 and 20 closed out, a net change of +7 holders.
- The largest Globalstar buyer in Q2 2015 was BlackRock Fund Advisors, an estimated $14.3M added.
- The largest Globalstar seller in Q2 2015 was Assured Investment Management, an estimated $23.2M sold.
Based on aggregated 13F filings for Q2 2015.