Globalstar

GSAT • AMEX

Globalstar is a telecommunications services company in the communication services sector on AMEX, led by David Kagan, with a market cap of $9.3B. As of Q3 2025, 24% of shares are held by 189 institutional investors, with VANGUARD GROUP INC as the largest holder at 4.13%.

Chief Executive OfficerDavid Kagan

Market Cap$9.3B

Telecommunications Services

Communication Services

Employees348.0

Websiteglobalstar.com

Country

United States of America

Overview

Overview of institutional ownership in GSAT as of Q3 2025 with a market cap of $4.6B

All Institutions

Institutions: 189
Value Held: $1.1B
Shares Held: 30.6M
Avg Position: $5.9M
Median Position: $401.9K

Hedge Funds

Hedge Funds: 20
Value Held: $226.6M
Shares Held: 6.2M
Avg Position: $11.3M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

19.3%

$889.5M

Hedge Funds

4.92%

$226.6M

Retail & Other

75.79%

$3.5B

Based on market cap of $4.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GSAT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$190.5M 0.00% of portfolio	4.13% 5.2M shares	Q2 2014 Held for 11y 5m	$6.69T
B BlackRock, Inc. Institution	-	$139.3M 0.00% of portfolio	3.02% 3.8M shares	Q2 2014 Held for 11y 5m	$5.67T
G Greenhouse Funds LLLP Hedge Fund•Long/Short	Joseph Michael Milano CIO	$78.2M 3.04% of portfolio	1.70% 2.1M shares	Q3 2023 Held for 2y 2m	$2.6B
ASHFORD CAPITAL MANAGEMENT INC Hedge Fund•Growth	Theodore H. Ashford CEO	$51.3M 5.71% of portfolio	1.11% 1.4M shares	Q3 2023 Held for 2y 2m	$897.8M
Hood River Capital Management LLC Long Only Manager	Brian Paul Smoluch Managing Partner	$48.4M 0.57% of portfolio	1.05% 1.3M shares	Q3 2025 Held for 2 months	$8.5B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$47.7M 0.00% of portfolio	1.04% 1.3M shares	Q2 2014 Held for 11y 5m	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$46.5M 0.00% of portfolio	1.01% 1.3M shares	Q2 2014 Held for 11y 5m	$1.57T
A AMERICAN CENTURY COMPANIES INC Institution	-	$45.9M 0.02% of portfolio	1.00% 1.3M shares	Q4 2024 Held for 11 months	$195.93B
BECK MACK & OLIVER LLC Long Only Manager	John Clyde Ellis Managing Partner	$42.5M 0.80% of portfolio	0.92% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.3B
Broad Bay Capital Management, LP Hedge Fund•Long/Short	Richard Scott Greeder Founder	$35.1M 4.35% of portfolio	0.76% 965.7K shares	Q2 2025 Held for 5 months	$808.0M

Net Capital Flow

Institutional buying and selling activity for GSAT in Q3 2025

Traded: +$81.0M
Buyers: 108
Sellers: 58
Total Bought: +$158.0M
Total Sold: −$77.0M
Avg Position: $5.5M

Biggest Buyers

Institution	Net Bought	Current Position
Hood River Capital Management LLC Long Only Manager	+$48.4M +1.3M shares	$48.4M 1.3M shares
GOLDMAN SACHS GROUP INC Institution	+$14.3M +393.1K shares	$21.3M 585.6K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$11.5M +314.8K shares	$13.9M 382.4K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$9.0M +246.1K shares	$45.9M 1.3M shares
VAN ECK ASSOCIATES CORP ETF Provider	+$7.7M +211.0K shares	$17.8M 489.3K shares
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	+$7.1M +194.3K shares	$7.1M 194.3K shares
Broad Bay Capital Management, LP Hedge Fund•Long/Short	+$6.7M +184.2K shares	$35.1M 965.7K shares
B BlackRock, Inc. Institution	+$5.2M +142.6K shares	$139.3M 3.8M shares
VANGUARD GROUP INC Institution	+$5.1M +141.5K shares	$190.5M 5.2M shares
G Greenhouse Funds LLLP Hedge Fund•Long/Short	+$4.5M +123.7K shares	$78.2M 2.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	−$16.8M −462.9K shares	$31.6M 867.6K shares
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	−$15.9M −438.0K shares	$7.5M 207.0K shares
Marshall Wace LLP Institution	−$12.5M −344.7K shares	$15.8M 433.0K shares
MORGAN STANLEY RIA/Wealth	−$4.9M −134.1K shares	$6.3M 172.5K shares
Frigate Ventures LP RIA/Wealth	−$4.5M −125.0K shares	$5.5M 150.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$3.0M −82.7K shares	$641.5K 17.6K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$3.0M −125.7K shares	Sold Off 0 shares
Penserra Capital Management LLC ETF Provider	−$1.7M −47.5K shares	$16.0M 439.0K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$1.4M −37.6K shares	$4.3M 117.1K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$1.2M −32.9K shares	$4.0M 110.2K shares

Entry and Exit Activity

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

New Positions: 27
New Value: $63.1M
Exited Positions: 12
Exited Value: $5.6M

New Positions

Institution	Position Value
Hood River Capital Management LLC Long Only Manager	$48.4M 1.3M shares
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	$7.1M 194.3K shares
JT Stratford LLC RIA/Wealth	$2.7M 73.6K shares
Legato Capital Management LLC Fund of Funds	$1.4M 38.7K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$732.1K 20.1K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$660.6K 18.2K shares
Crewe Advisors LLC RIA/Wealth	$591.6K 16.3K shares
A AMJ Financial Wealth Management RIA/Wealth	$393.5K 10.8K shares
M Mitsubishi UFJ Trust & Banking Corp Institution	$283.1K 7.8K shares
Cornerstone Investment Partners, LLC RIA/Wealth	$231.6K 6.4K shares

Exited Positions

Institution	Previous Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.0M 125.7K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$384.9K 16.3K shares
C CI Private Wealth, LLC RIA/Wealth	$354.8K 15.1K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$350.7K 14.9K shares
Y Y-Intercept Ltd Institution	$343.4K 14.6K shares
I Intellectus Partners, LLC RIA/Wealth	$340.3K 14.5K shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	$314.5K 13.4K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$228.1K 9.7K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$200.7K 8.5K shares
Ancora Advisors, LLC RIA/Wealth	$58.9K 2.5K shares

Options Activity

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

Call Positions: 16
Call Value: $177.7M
Put Positions: 10
Put Value: $51.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$59.9M 16.5K contracts
W WOLVERINE TRADING, LLC Institution	$37.6M 10.6K contracts
BANK OF AMERICA CORP /DE/ Institution	$27.8M 7.6K contracts
Caption Management, LLC Hedge Fund•Long/Short	$18.2M 5.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.2M 2.8K contracts
P PEAK6 LLC Institution	$8.1M 2.2K contracts
Walleye Trading LLC RIA/Wealth	$4.6M 1.3K contracts
J JANE STREET GROUP, LLC Institution	$4.0M 1.1K contracts
S SIG BROKERAGE, LP Institution	$3.3M 900.0 contracts
CITIGROUP INC Institution	$1.8M 496.7 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$20.1M 5.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$11.5M 3.2K contracts
Walleye Trading LLC RIA/Wealth	$6.5M 1.8K contracts
BANK OF AMERICA CORP /DE/ Institution	$4.8M 1.3K contracts
W WOLVERINE TRADING, LLC Institution	$4.3M 1.2K contracts
J JANE STREET GROUP, LLC Institution	$2.9M 800.4 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$604.1K 166.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$545.9K 150.0 contracts
C Capula Management Ltd Institution	$163.8K 45.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
American Alpha Advisors, LLC RIA/Wealth	Mark Douglas Leimberger CEO	11.52% $15.8M	0.34% 433.3K shares	Q3 2024 Held for 1y 2m	$136.8M
ASHFORD CAPITAL MANAGEMENT INC Hedge Fund•Growth	Theodore H. Ashford CEO	5.71% $51.3M	1.11% 1.4M shares	Q3 2023 Held for 2y 2m	$897.8M
Broad Bay Capital Management, LP Hedge Fund•Long/Short	Richard Scott Greeder Founder	4.35% $35.1M	0.76% 965.7K shares	Q2 2025 Held for 5 months	$808.0M
G Greenhouse Funds LLLP Hedge Fund•Long/Short	Joseph Michael Milano CIO	3.04% $78.2M	1.70% 2.1M shares	Q3 2023 Held for 2y 2m	$2.6B
P PLUSTICK MANAGEMENT LLC Hedge Fund•Distressed	Thomas Johns Hill Managing Partner	2.52% $6.0M	0.13% 165.1K shares	Q4 2021 Held for 3y 11m	$238.5M
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	Nancy Beth Prial CEO	1.08% $7.1M	0.15% 194.3K shares	Q3 2025 Held for 2 months	$652.5M
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	1.01% $31.6M	0.68% 867.6K shares	Q1 2025 Held for 8 months	$3.1B
M Merrion Investment Management Co, LLC RIA/Wealth	Nancy M Westbrock CEO	0.91% $1.6M	0.03% 43.7K shares	Q4 2020 Held for 4y 11m	$174.3M
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	Gil Maor Managing Partner	0.81% $660.6K	0.01% 18.2K shares	Q3 2025 Held for 2 months	$81.9M
BECK MACK & OLIVER LLC Long Only Manager	John Clyde Ellis Managing Partner	0.80% $42.5M	0.92% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.3B

Hedge Fund Spotlight

Discover hedge funds investing in GSAT

ASHFORD CAPITAL MANAGEMENT INC

Hedge Fund • Growth

Portfolio ManagerTheodore H. Ashford

Portfolio Value: $897.8M
Positions: 110
Last Reported: Q3 2025

Sector Allocation

Position in Globalstar

Market Value: $51.3M
Shares Held: 1.4M
Portfolio Weight: 5.71%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Globalstar GSAT	Telecommunications Services Communication Services	$51.3M	5.71%
2 Ligand Pharmaceuticals LGND	Biotechnology Healthcare	$43.3M	4.82%
3 Oddity Tech ODD	Software - Infrastructure Technology	$34.2M	3.81%