Vault-13

GLOBALSTAR INC

COM · CUSIP 378973408

203 institutional holders -2 vs Q4 2022
335,778,226335.8m shares reported held*
$390.7mreported value*
22 new 57 added 61 reduced 22 sold out net sold ≈ $7.8m (-6.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($29.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.16. Options: 13 managers hold calls ($5.1m notional), 9 hold puts ($834.8k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 190Q4 22: 205Q1 23: 203203Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022190
Q4 2022205
Q1 2023203

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 97 bought or addedQ4 22: 64 cut or sold outQ4 22Q1 23: 79 bought or addedQ1 23: 83 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229764
Q1 20237983

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $13.8mQ3 22 puts: $3.0mQ3 22P/C 0.22Q4 22 calls: $31.6mQ4 22 puts: $2.7mQ4 22P/C 0.08Q1 23 calls: $5.1mQ1 23 puts: $834.8kQ1 23P/C 0.16
Numbers
QuarterCallsPutsP/C
Q3 2022$13.8m$3.0m0.22
Q4 2022$31.6m$2.7m0.08
Q1 2023$5.1m$834.8k0.16

Biggest buyers

FMR LLC Added +4,061,701+4.1m
BlueCrest Capital Management Ltd New +1,160,452+1.2m
683 Capital Management, LLC Added +1,087,819+1.1m
CANTOR FITZGERALD, L. P. New +1,000,000+1.0m
VOYA INVESTMENT MANAGEMENT LLC Added +833,590+833.6k
BARCLAYS PLC Added +762,341+762.3k
TWO SIGMA ADVISERS, LP Added +669,300+669.3k
JPMORGAN CHASE & CO Added +593,311+593.3k
GEODE CAPITAL MANAGEMENT, LLC Added +587,026+587.0k
Penserra Capital Management LLC Added +479,759+479.8k

Biggest sellers

Mudrick Capital Management, L.P. Reduced -9,135,737-9.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -2,437,048-2.4m
TWO SIGMA INVESTMENTS, LP Reduced -1,817,206-1.8m
CITIGROUP INC Reduced -1,687,146-1.7m
Driehaus Capital Management LLC Reduced -962,101-962.1k
GOLDMAN SACHS GROUP INC Reduced -686,858-686.9k
Nuveen Asset Management, LLC Reduced -644,416-644.4k
Caption Management, LLC Sold out -600,000-600.0k
FIRST TRUST ADVISORS LP Reduced -592,910-592.9k
AQR CAPITAL MANAGEMENT LLC Reduced -546,545-546.5k

Biggest calls

INTRINSIC EDGE CAPITAL MANAGEMENT LLC Reduced $1.2m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $987.5k851.3k shares
JANE STREET GROUP, LLC Reduced $818.8k705.9k shares
GROUP ONE TRADING LLC Reduced $717.2k618.3k shares
WOLVERINE TRADING, LLC Added $621.0k540.2k shares
SIMPLEX TRADING, LLC Reduced $325.0k280.2k shares
CITADEL ADVISORS LLC Reduced $233.4k201.2k shares
Parallax Volatility Advisers, L.P. Added $213.9k184.4k shares
Hunting Hill Global Capital, LLC Unchanged $37.6k32.4k shares
HighTower Advisors, LLC New $8.2k20.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $351.1k302.7k shares
CITADEL ADVISORS LLC Reduced $123.0k106.0k shares
Parallax Volatility Advisers, L.P. New $98.6k85.0k shares
WOLVERINE TRADING, LLC Added $94.0k82.0k shares
SIMPLEX TRADING, LLC Added $81.0k70.2k shares
GROUP ONE TRADING LLC Reduced $78.1k67.3k shares
Cutler Group LLC / CA Reduced $8.0k19.4k shares
HAP Trading, LLC New $1.0k23.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mudrick Capital Management, L.P. 39.99% of their portfolio NEW YORK, NY 77,703,21277.7m $90.1m $90.1m 39.99% Reduced -9.1m -9,135,737
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 68,632,91068.6m $79.6m $79.6m 0.00% Added +371.4k +371,350
3 BlackRock Inc. 0.00% of their portfolio New York, NY 45,678,47245.7m $53.0m $53.0m 0.00% Added +338.4k +338,368
4 BECK MACK & OLIVER LLC 0.62% of their portfolio NEW YORK, NY 18,452,20018.5m $21.4m $21.4m 0.62% Reduced -286.5k -286,500
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,979,04715.0m $17.4m $17.4m 0.00% Reduced -259.5k -259,536
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 12,905,85812.9m $15.0m $15.0m 0.00% Added +587.0k +587,026
7 PLUSTICK MANAGEMENT LLC 10.55% of their portfolio CHARLOTTESVILLE, VA 10,300,00010.3m $11.9m $11.9m 10.55% Unchanged
8 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 6,488,8196.5m $7.5m $7.5m 0.00% Reduced -644.4k -644,416
9 FMR LLC 0.00% of their portfolio BOSTON, MA 6,465,3526.5m $7.5m $7.5m 0.00% Added +4.1m +4,061,701
10 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 6,258,2776.3m $7.3m $7.3m 0.00% Added +79.5k +79,461
11 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 5,192,4635.2m $6.0m $6.0m 0.00% Added +46.7k +46,702
12 EMG Holdings, L.P. 3.62% of their portfolio OLD GREENWICH, CT 4,550,1534.6m $5.3m $5.3m 3.62% Added +50.2k +50,153
13 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,604,6432.6m $3.0m $3.0m 0.00% Added +8.6k +8,572
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,399,9602.4m $2.8m $2.8m 0.00% Added +195.4k +195,426
15 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 2,292,6322.3m $2.7m $2.7m 0.00% Added +833.6k +833,590
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,187,0682.2m $2.5m $2.5m 0.00% Reduced -686.9k -686,858
17 Penserra Capital Management LLC 0.05% of their portfolio ORINDA, CA 2,149,8582.1m $2.5m $2.5m 0.05% Added +479.8k +479,759
18 Magnus Financial Group LLC 0.35% of their portfolio NEW YORK, NY 2,003,0042.0m $2.3m $2.3m 0.35% Unchanged
19 683 Capital Management, LLC 0.21% of their portfolio NEW YORK, NY 2,000,0002.0m $2.3m $2.3m 0.21% Added +1.1m +1,087,819
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,868,0951.9m $2.2m $2.2m 0.00% Added +472.3k +472,289
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,840,4861.8m $2.1m $2.1m 0.00% Added +593.3k +593,311
22 Legion Partners Asset Management, LLC 0.63% of their portfolio Los Angeles, CA 1,835,0001.8m $2.1m $2.1m 0.63% Unchanged
23 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 1,698,6001.7m $2.0m $2.0m 0.01% Added +669.3k +669,300
24 Driehaus Capital Management LLC 0.03% of their portfolio Chicago, IL 1,664,9211.7m $1.9m $1.9m 0.03% Reduced -962.1k -962,101
25 Swiss National Bank 0.00% of their portfolio ZURICH, V8 1,554,9541.6m $1.8m $1.8m 0.00% Reduced -184.5k -184,500
26 Robertson Stephens Wealth Management, LLC 0.13% of their portfolio San Francisco, CA 1,468,1481.5m $1.7m $1.7m 0.13% Added +335.5k +335,501
27 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,239,5321.2m $1.4m $1.4m 0.00% Reduced -1.8m -1,817,206
28 BlueCrest Capital Management Ltd 0.14% of their portfolio ST HELIER, Y9 1,160,4521.2m $1.3m $1.3m 0.14% New
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,141,2011.1m $1.3m $1.3m 0.00% Reduced -57.9k -57,946
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 1,046,2531.0m $1.2m $1.2m 0.00% Reduced -13.7k -13,700
31 CANTOR FITZGERALD, L. P. 0.02% of their portfolio NEW YORK, NY 1,000,0001.0m $1.2m $1.2m 0.02% New
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 946,048946.0k $1.1m $1.1m 0.00% Added +762.3k +762,341
33 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 934,852934.9k $1.1m $1.1m 0.00% Added +23.8k +23,763
34 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 887,234887.2k $1.0m $1.0m 0.00% Reduced -12.8k -12,775
35 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 852,710852.7k $989.1k $989.1k 0.00% Added +32.1k +32,054
36 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 824,181824.2k $956.0k $956.0k 0.00% Reduced -592.9k -592,910
37 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 811,758811.8k $941.6k $941.6k 0.00% Added +195.7k +195,702
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 767,052767.1k $889.8k $889.8k 0.00% Reduced -2.4m -2,437,048
39 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 679,141679.1k $788.0k $788.0k 0.00% Added +241.6k +241,553
40 Merrion Investment Management Co, LLC 0.74% of their portfolio Cranford, NJ 666,261666.3k $772.9k $772.9k 0.74% Reduced -20.0k -20,000
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 645,900645.9k $749.2k $749.2k 0.00% Unchanged
42 Vident Investment Advisory, LLC 0.02% of their portfolio Alpharetta, GA 610,454610.5k $708.1k $708.1k 0.02% Added +168.6k +168,574
43 Trellus Management Company, LLC 1.12% of their portfolio Delray Beach, FL 600,000600.0k $696.0k $696.0k 1.12% Added +200.0k +200,000
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 536,519536.5k $622.4k $622.4k 0.00% Reduced -274.4k -274,362
45 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 531,363531.4k $616.4k $616.4k 0.00% Added +9.6k +9,630
46 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 524,544524.5k $608.5k $608.5k 0.00% Added +471.8k +471,755
47 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 506,278506.3k $587.3k $587.3k 0.00% Added +324.2k +324,178
48 HOHIMER WEALTH MANAGEMENT, LLC 0.17% of their portfolio SEATTLE, WA 500,000500.0k $580.0k $580.0k 0.17% Unchanged
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 486,857486.9k $564.8k $564.8k 0.00% Added +306.4k +306,369
50 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 482,065482.1k $559.2k $559.2k 0.00% Added +127.7k +127,667
51 XTX Topco Ltd 0.11% of their portfolio LONDON, X0 469,745469.7k $544.9k $544.9k 0.11% Added +396.8k +396,806
52 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 443,795443.8k $515.0k $515.0k 0.00% Added +52.4k +52,447
53 Curbstone Financial Management Corp 0.11% of their portfolio MANCHESTER, NH 380,400380.4k $441.3k $441.3k 0.11% Added +181.0k +181,000
54 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 367,080367.1k $425.8k $425.8k 0.00% Reduced -255.4k -255,420
55 AtonRa Partners 0.61% of their portfolio GENEVA, V8 362,927362.9k $421.0k $421.0k 0.61% New
56 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 362,000362.0k $419.9k $419.9k 0.00% Reduced -200 -200
57 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 359,228359.2k $416.7k $416.7k 0.00% Added +44.1k +44,110
58 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 347,136347.1k $402.7k $402.7k 0.00% Reduced -546.5k -546,545
59 Legal & General Group Plc 0.00% of their portfolio London, X0 343,287343.3k $398.2k $398.2k 0.00% Added +34.2k +34,242
60 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 330,208330.2k $383.0k $383.0k 0.00% Added +6.6k +6,573
61 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 309,512309.5k $354.5k $354.5k 0.00% Added +172.8k +172,761
62 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 299,833299.8k $347.8k $347.8k 0.00% Added +1.4k +1,420
63 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 299,738299.7k $347.7k $347.7k 0.00% Reduced -155.2k -155,231
64 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 292,602292.6k $339.0k $339.0k 0.00% Added +56.4k +56,448
65 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 272,894272.9k $316.6k $316.6k 0.00% Reduced -7.3k -7,279
66 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 267,521267.5k $310.0k $310.0k 0.00% Added +88.2k +88,212
67 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 249,410249.4k $289.3k $289.3k 0.00% Unchanged
68 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 239,901239.9k $278.3k $278.3k 0.04% Added +63.4k +63,420
69 NATIXIS 0.00% of their portfolio PARIS, I0 225,915225.9k $262.1k $262.1k 0.00% New
70 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 214,416214.4k $249.0k $249.0k 0.00% New
71 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 208,739208.7k $242.1k $242.1k 0.00% Added +5.5k +5,459
72 Handelsbanken Fonder AB 0.00% of their portfolio STOCKHOLM, V7 201,200201.2k $233.0k $233.0k 0.00% Unchanged
73 Intellectus Partners, LLC 0.07% of their portfolio SAN FRANCISCO, CA 186,710186.7k $216.6k $216.6k 0.07% Added +37.2k +37,200
74 ALGERT GLOBAL LLC 0.01% of their portfolio SAN FRANCISCO, CA 184,850184.8k $214.4k $214.4k 0.01% Added +25.7k +25,683
75 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 177,781177.8k $206.2k $206.2k 0.01% New
76 HighMark Wealth Management LLC 0.16% of their portfolio ST. PAUL, MN 173,500173.5k $201.3k $201.3k 0.16% Added +17.5k +17,500
77 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 165,605165.6k $192.1k $192.1k 0.00% Added +129.0k +128,980
78 CATALYST FINANCIAL PARTNERS LLC 0.08% of their portfolio BOSTON, MA 163,687163.7k $189.9k $189.9k 0.08% Unchanged
79 Arista Wealth Management, LLC 0.09% of their portfolio Las Vegas, NV 147,704147.7k $171.3k $171.3k 0.09% Unchanged
80 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 134,556134.6k $154.1k $154.1k 0.00% Reduced -74.9k -74,881
81 OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio FORT LAUDERDALE, FL 132,744132.7k $154.0k $154.0k 0.01% Unchanged
82 Man Group plc 0.00% of their portfolio LONDON, X0 131,400131.4k $152.4k $152.4k 0.00% New
83 BRIGHTON JONES LLC 0.01% of their portfolio SEATTLE, WA 125,000125.0k $145.0k $145.0k 0.01% Unchanged
84 SYNOVUS FINANCIAL CORP 0.00% of their portfolio Columbus, GA 118,447118.4k $137.4k $137.4k 0.00% Reduced -610 -610
85 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 115,358115.4k $133.8k $133.8k 0.00% Added +15.1k +15,100
86 BOSTON FAMILY OFFICE LLC 0.01% of their portfolio BOSTON, MA 110,000110.0k $128.0k $128.0k 0.01% Unchanged
87 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 103,034103.0k $119.5k $119.5k 0.00% Reduced -225.1k -225,147
88 PICTET ASSET MANAGEMENT SA 0.00% of their portfolio GENEVA 73, V8 98,62298.6k $114.4k $114.4k 0.00% Added +33.8k +33,784
89 Simplicity Solutions, LLC 0.00% of their portfolio MINNEAPOLIS, MN 98,00098.0k $113.7k $113.7k 0.00% New
90 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 94,17494.2k $109.2k $109.2k 0.00% Reduced -508.7k -508,699
91 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 92,30892.3k $107.1k $107.1k 0.00% Added +5.0k +5,000
92 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 91,80191.8k $106.0k $106.0k 0.00% Reduced -14.6k -14,591
93 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 90,78190.8k $105.3k $105.3k 0.00% Added +956 +956
94 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 81,68381.7k $94.0k $94.0k 0.00% New
95 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 80,52580.5k $93.4k $93.4k 0.00% Reduced -11.0k -11,000
96 TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio AUSTIN, TX 80,12580.1k $93.0k $93.0k 0.00% Added +129 +129
97 INVESTMENT MANAGEMENT OF VIRGINIA LLC 0.02% of their portfolio RICHMOND, VA 80,00080.0k $92.8k $92.8k 0.02% Unchanged
98 GPS Wealth Strategies Group, LLC 0.02% of their portfolio CENTENNIAL, CO 79,45279.5k $92.2k $92.2k 0.02% Unchanged
99 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 78,70178.7k $91.3k $91.3k 0.00% Reduced -5.1k -5,103
100 LAKE STREET PRIVATE WEALTH, LLC 0.02% of their portfolio CHICAGO, IL 76,51276.5k $88.8k $88.8k 0.02% Reduced -7.6k -7,556