Globalstar
GSAT
141 hedge funds and large institutions have $330M invested in Globalstar in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 42 increasing their positions, 46 reducing their positions, and 13 closing their positions.
388% more call options, than puts
Call options by funds: $7.77M | Put options by funds: $1.59M
0.1% less ownership
Funds ownership: 2.02% → 1.92% (-0.1%)
1% less capital invested
Capital invested by funds: $333M → $330M (-$3.36M)
9% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 46
3% less funds holding
Funds holding: 145 → 141 (-4)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.8M |
| 2 |
BTP
Bloom Tree Partners
New York
|
+$2.28M |
| 3 |
D.E. Shaw & Co
New York
|
+$1.56M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$847K |
| 5 |
Bank of New York Mellon
New York
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Wingspan Investment Management
New York
|
-$8.37M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$4.2M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$2.04M |
| 4 |
Millennium Management
New York
|
-$1.33M |
| 5 |
CPA
Columbia Pacific Advisors
Seattle,
Washington
|
-$994K |
GSAT Hedge Fund Activity: Q3 2016 in Review
141 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Globalstar (GSAT) for Q3 2016, worth a combined $330M — down 1% from $333M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of GSAT and 10 opened new positions — a net loss of 3 holders — while 46 trimmed existing stakes and 42 added.
The largest buyer was Vanguard Group, adding an estimated $10.8M. The largest seller was Wingspan Investment Management, cutting an estimated $8.37M.
- 141 institutional investors held Globalstar (GSAT) as of Q3 2016, down from 145 in Q2 2016.
- Funds reported $330M of Globalstar stock for Q3 2016, down 1% quarter-over-quarter.
- 10 funds opened new Globalstar positions in Q3 2016 and 13 closed out, a net change of -3 holders.
- The largest Globalstar buyer in Q3 2016 was Vanguard Group, an estimated $10.8M added.
- The largest Globalstar seller in Q3 2016 was Wingspan Investment Management, an estimated $8.37M sold.
Based on aggregated 13F filings for Q3 2016.