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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
145
Holders Change
+13
Holders Change %
+9.85%
% of All Funds
3.87%
Holding in Top 10
7
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-22.22%
% of All Funds
0.19%
New
33
Increased
45
Reduced
46
Closed
19
Calls
$14.8M
Puts
$2.15M
Net Calls
+$12.6M
Net Calls Change
+$11.1M

Top Buyers

1
WIM
Wingspan Investment Management
New York
+$15.5M
2
UOC
UBS O'Connor
Illinois
+$14.1M
3
SAAM
Solus Alternative Asset Management
New Jersey
+$7.98M
4
BFA
BlackRock Fund Advisors
California
+$7.13M
5
JCI
Jet Capital Investors
New York
+$4.65M

Top Sellers

1
LM
Litespeed Management
New York
-$30.8M
2
GC
Greenlight Capital
New York
-$16.6M
3
SP
Steelhead Partners
Washington
-$9.48M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$8.92M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$45.7M -$8.92M -335,664 -12%
SP
2
Steelhead Partners
Washington
$32.9M -$9.48M -356,721 -16%
BFA
3
BlackRock Fund Advisors
California
$32.5M +$7.13M +268,205 +18%
BMO
4
Beck Mack & Oliver
New York
$25.4M +$583K +21,933 +2%
HAM
5
HHR Asset Management
New Jersey
$19.3M -$283K -10,630 -1%
YCMGA
6
York Capital Management Global Advisors
New York
$17.4M -$5.81M -218,528 -19%
CC
7
Caspian Capital
New York
$15.7M +$1.87M +70,283 +9%
WIM
8
Wingspan Investment Management
New York
$13.4M +$15.5M +584,235 +386%
D.E. Shaw & Co
9
D.E. Shaw & Co
New York
$11.8M +$311K +11,707 +2%
UOC
10
UBS O'Connor
Illinois
$9.63M +$14.1M +530,623 New
BIT
11
BlackRock Institutional Trust
California
$9.59M -$908K -34,141 -6%
NGA
12
New Generation Advisors
Massachusetts
$8.53M -$70.5K -2,653 -0.6%
State Street
13
State Street
Massachusetts
$8.37M -$1.43M -53,636 -10%
Ameriprise
14
Ameriprise
Minnesota
$6.96M +$18.9K +710 +0.2%
JCI
15
Jet Capital Investors
New York
$5.45M +$4.65M +174,744 +110%
SAAM
16
Solus Alternative Asset Management
New Jersey
$5.45M +$7.98M +300,000 New
Fidelity Investments
17
Fidelity Investments
Massachusetts
$5.31M -$5.99M -225,432 -44%
Northern Trust
18
Northern Trust
Illinois
$5.08M -$866K -32,592 -10%
QI
19
Qualcomm Inc
California
$5.03M – – –
CPA
20
Columbia Pacific Advisors
Washington
$3.98M +$2.38M +89,576 +69%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$3.66M -$896K -33,692 -14%
TCIM
22
TIAA CREF Investment Management
New York
$2.89M -$380K -14,307 -8%
Millennium Management
23
Millennium Management
New York
$2.8M +$2.98M +111,915 +265%
BTP
24
Bloom Tree Partners
New York
$2.38M +$3.48M +130,852 New
Geode Capital Management
25
Geode Capital Management
Massachusetts
$2.36M +$43.6K +1,641 +1%
1
2 3 4 5

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.