Garmin

GRMN • NYSE

Garmin is a hardware, equipment & parts company in the technology sector on NYSE, led by Clifton A. Pemble, with a market cap of $38.9B. As of Q3 2025, 55% of shares are held by 935 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.49%.

Chief Executive OfficerClifton A. Pemble

Market Cap$38.9B

Hardware, Equipment & Parts

Technology

Employees19.9K

Websitegarmin.com

Country

United States of America

Overview

Overview of institutional ownership in GRMN as of Q3 2025 with a market cap of $47.4B

All Institutions

Institutions: 935
Value Held: $25.9B
Shares Held: 105.3M
Avg Position: $27.7M
Median Position: $959.6K

Hedge Funds

Hedge Funds: 48
Value Held: $1.1B
Shares Held: 4.3M
Avg Position: $22.2M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

52.45%

$24.9B

Hedge Funds

2.25%

$1.1B

Retail & Other

45.3%

$21.5B

Based on market cap of $47.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GRMN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$5.0B 0.07% of portfolio	10.49% 20.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$4.0B 0.07% of portfolio	8.50% 16.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.8B 0.06% of portfolio	3.77% 7.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Artisan Partners Limited Partnership Long Only Manager	Eric Richard Colson CEO	$1.4B 2.07% of portfolio	3.03% 5.8M shares	Q2 2021 Held for 4y 5m	$69.5B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.2B 0.08% of portfolio	2.52% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FMR LLC Institution	-	$696.3M 0.04% of portfolio	1.47% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$461.7M 0.03% of portfolio	0.97% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$429.8M 0.03% of portfolio	0.91% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$407.8M 0.05% of portfolio	0.86% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$368.0M 0.08% of portfolio	0.78% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B

Net Capital Flow

Institutional buying and selling activity for GRMN in Q3 2025

Net Flow: −$479.8M
Buyers: 408
Sellers: 344
Total Bought: +$1.5B
Total Sold: −$1.9B
Avg Position: $28.3M

Biggest Buyers

Institution	Net Bought	Current Position
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$268.1M +1.1M shares	$309.4M 1.3M shares
VANGUARD GROUP INC Institution	+$122.9M +499.2K shares	$5.0B 20.2M shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$72.9M +295.9K shares	$86.6M 351.7K shares
B BlackRock, Inc. Institution	+$63.0M +255.9K shares	$4.0B 16.4M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$59.3M +241.9K shares	$1.2B 4.8M shares
Pictet Asset Management Holding SA Long Only Manager	+$57.5M +233.6K shares	$219.7M 892.1K shares
HENDERSON GROUP PLC Institution	+$56.8M +230.5K shares	$61.7M 250.4K shares
M Man Group plc Institution	+$45.3M +183.9K shares	$60.2M 244.7K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$44.7M +182.5K shares	$330.4M 1.3M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$38.2M +155.3K shares	$39.8M 161.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Peterson Wealth Services RIA/Wealth	−$348.6M −17.8K shares	$4.4M 226.0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$277.6M −1.3M shares	Sold Off 0 shares
FMR LLC Institution	−$117.7M −477.9K shares	$696.3M 2.8M shares
A Amundi Institution	−$112.0M −434.8K shares	$186.5M 723.9K shares
MORGAN STANLEY RIA/Wealth	−$73.7M −299.5K shares	$429.8M 1.7M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	−$49.9M −202.6K shares	$64.7M 262.8K shares
Invesco Ltd. ETF Provider	−$47.2M −191.7K shares	$279.8M 1.1M shares
Q Qube Research & Technologies Ltd Institution	−$44.9M −182.5K shares	$36.3M 147.4K shares
A Allianz Asset Management AG Institution	−$43.0M −174.7K shares	$73.5M 298.4K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$36.9M −149.7K shares	$79.1M 321.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GRMN in Q3 2025

New Positions: 59
New Value: $44.9M
Exited Positions: 76
Exited Value: $466.2M

New Positions

Institution	Position Value
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$31.3M 127.1K shares
T TEMA ETFS LLC Institution	$1.3M 5.1K shares
ZEGA Investments, LLC RIA/Wealth	$1.1M 4.6K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$962.5K 3.9K shares
E Exit Wealth Advisors, LLC. RIA/Wealth	$802.9K 3.3K shares
Lighthouse Investment Partners, LLC Fund of Funds	$613.1K 2.5K shares
Clark Asset Management, LLC RIA/Wealth	$603.2K 2.5K shares
Caerus Investment Advisors, LLC Venture Capital	$557.2K 2.3K shares
Texas Capital Bank Wealth Management Services Inc RIA/Wealth	$493.7K 2.0K shares
V Vise Technologies, Inc. Institution	$431.8K 1.8K shares

Exited Positions

Institution	Previous Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$277.6M 1.3M shares
Oribel Capital Management, LP Hedge Fund•Long/Short	$34.9M 167.4K shares
V Varenne Capital Partners Institution	$24.3M 116.2K shares
C Cubist Systematic Strategies, LLC Institution	$13.6M 65.2K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$11.3M 54.3K shares
T TCW GROUP INC Institution	$11.2M 53.7K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$9.7M 46.4K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$8.6M 41.2K shares
A AXA Institution	$7.5M 36.1K shares
Strategic Global Advisors, LLC Long Only Manager	$7.4M 35.3K shares

Options Activity

Institutions with the largest Call and Put options positions in GRMN as of Q3 2025

Call Positions: 18
Call Value: $87.1M
Put Positions: 18
Put Value: $51.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$39.3M 1.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.9M 563.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$9.5M 385.0 contracts
Walleye Trading LLC RIA/Wealth	$6.2M 253.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.7M 189.0 contracts
J JANE STREET GROUP, LLC Institution	$4.5M 181.0 contracts
P PEAK6 LLC Institution	$3.1M 127.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 70.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.0M 42.0 contracts
UBS Group AG Institution	$984.9K 40.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.3M 702.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$11.0M 447.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$6.4M 260.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.3M 173.0 contracts
Walleye Trading LLC RIA/Wealth	$3.7M 149.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.2M 132.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$2.7M 109.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.0M 41.0 contracts
J JANE STREET GROUP, LLC Institution	$812.5K 33.0 contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$369.3K 15.0 contracts

Most Committed Institutions

Institutions with GRMN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
DISCIPLINED GROWTH INVESTORS INC /MN Long Only Manager	Scott Allen Hayes President	6.14% $339.0M	0.72% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.5B
S SANTA MONICA PARTNERS LP Institution	-	6.12% $10.0M	0.02% 40.8K shares	Q1 2018 Held for 7y 8m	$164.0M
S Stony Point Capital LLC Hedge Fund•Long/Short	Richard John Walters CIO	5.07% $72.3M	0.15% 293.8K shares	Q2 2024 Held for 1y 5m	$1.4B
S SW Investment Management LLC Institution	-	4.78% $24.6M	0.05% 100.0K shares	Q1 2024 Held for 1y 8m	$515.3M
W Woodson Capital Management, LP Hedge Fund•Long/Short	Jephthah Gerard Dais COO	4.74% $24.6M	0.05% 100.0K shares	Q2 2025 Held for 5 months	$519.9M
Andrew Hill Investment Advisors, Inc. RIA/Wealth	Andrew D.W. Hill President	4.56% $5.9M	0.01% 23.8K shares	Q4 2023 Held for 1y 11m	$128.5M
MORGENS WATERFALL VINTIADIS & CO INC Hedge Fund•Long/Short	Edwin Huffman Morgens Chairman	3.38% $4.9M	0.01% 20.0K shares	Q3 2025 Held for 2 months	$145.8M
B Baskin Financial Services Inc. Institution	-	2.88% $38.0M	0.08% 154.2K shares	Q4 2023 Held for 1y 11m	$1.3B
Tower View Investment Management & Research LLC RIA/Wealth	Raman John Ghei Founder	2.81% $5.4M	0.01% 22.1K shares	Q4 2024 Held for 11 months	$193.3M
Boyer & Corporon Wealth Management, LLC RIA/Wealth	Eric Charles Clark CEO	2.70% $9.0M	0.02% 36.6K shares	Q4 2024 Held for 11 months	$334.0M

Hedge Fund Spotlight

Discover hedge funds investing in GRMN

Walleye Trading Advisors, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerWilliam Dunning England

Portfolio Value: $11.2B
Positions: 1,691
Last Reported: Q3 2025

Sector Allocation

Position in Garmin

Market Value: $136.7K
Shares Held: 555.0
Portfolio Weight: 0.00%
Owned Since: 2023-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$463.8M	4.15%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$346.6M	3.10%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$288.5M	2.58%