Vault-13

GLOBALSTAR INC

COM · CUSIP 378973408

189 institutional holders -14 vs Q1 2023
308,721,944308.7m shares reported held*
$333.5mreported value*
13 new 64 added 47 reduced 26 sold out net sold ≈ $29.3m (-27.0m 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 ($117 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.08. Options: 10 managers hold calls ($11.4m notional), 7 hold puts ($729.2k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 190Q4 22: 205Q1 23: 203Q2 23: 189189Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022190
Q4 2022205
Q1 2023203
Q2 2023189

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 23Q2 23: 77 bought or addedQ2 23: 73 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229764
Q1 20237983
Q2 20237773

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 0.16Q2 23 calls: $11.4mQ2 23 puts: $729.2kQ2 23P/C 0.06
Numbers
QuarterCallsPutsP/C
Q3 2022$13.8m$3.0m0.22
Q4 2022$31.6m$2.7m0.08
Q1 2023$5.1m$834.8k0.16
Q2 2023$11.4m$729.2k0.06

Biggest buyers

CITADEL ADVISORS LLC Added +2,780,131+2.8m
D. E. Shaw & Co., Inc. New +1,382,417+1.4m
Cubist Systematic Strategies, LLC Added +1,186,859+1.2m
BlackRock Inc. Added +1,184,410+1.2m
Linden Thomas Advisory Services, LLC New +1,144,050+1.1m
RENAISSANCE TECHNOLOGIES LLC Added +1,108,958+1.1m
Corient Private Wealth LP New +876,000+876.0k
MARSHALL WACE, LLP Added +842,465+842.5k
GEODE CAPITAL MANAGEMENT, LLC Added +620,438+620.4k
Qube Research & Technologies Ltd Added +533,897+533.9k

Biggest sellers

Mudrick Capital Management, L.P. Reduced -23,953,533-24.0m
EMG Holdings, L.P. Sold out -4,550,153-4.6m
FMR LLC Reduced -3,100,124-3.1m
Driehaus Capital Management LLC Sold out -1,664,921-1.7m
MORGAN STANLEY Reduced -1,603,368-1.6m
BlueCrest Capital Management Ltd Sold out -1,160,452-1.2m
Nuveen Asset Management, LLC Reduced -1,092,207-1.1m
CANTOR FITZGERALD, L. P. Sold out -1,000,000-1.0m
FIRST TRUST ADVISORS LP Sold out -824,181-824.2k
TWO SIGMA INVESTMENTS, LP Reduced -788,628-788.6k

Biggest calls

EMG Holdings, L.P. New $8.3m7.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.1m1.9m shares
GROUP ONE TRADING LLC Reduced $333.4k308.7k shares
SIMPLEX TRADING, LLC Added $322.0k298.5k shares
CITADEL ADVISORS LLC Added $233.2k215.9k shares
Parallax Volatility Advisers, L.P. Reduced $110.1k101.9k shares
JANE STREET GROUP, LLC Reduced $88.1k81.6k shares
Cutler Group LLC / CA Added $5.0k197.2k shares
HAP Trading, LLC Reduced $1.3k16.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $406.2k376.1k shares
CITADEL ADVISORS LLC Added $129.1k119.5k shares
SIMPLEX TRADING, LLC Added $111.0k102.8k shares
GROUP ONE TRADING LLC Added $79.8k73.9k shares
HighTower Advisors, LLC New $2.1k70 shares
Cutler Group LLC / CA Reduced $1.0k4.2k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 68,774,12668.8m $74.3m $74.3m 0.00% Added +141.2k +141,216
2 Mudrick Capital Management, L.P. 22.62% of their portfolio NEW YORK, NY 53,749,67953.7m $58.0m $58.0m 22.62% Reduced -24.0m -23,953,533
3 BlackRock Inc. 0.00% of their portfolio New York, NY 46,862,88246.9m $50.6m $50.6m 0.00% Added +1.2m +1,184,410
4 BECK MACK & OLIVER LLC 0.53% of their portfolio NEW YORK, NY 18,615,60018.6m $20.1m $20.1m 0.53% Added +163.4k +163,400
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,132,29115.1m $16.3m $16.3m 0.00% Added +153.2k +153,244
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 13,526,29613.5m $14.6m $14.6m 0.00% Added +620.4k +620,438
7 PLUSTICK MANAGEMENT LLC 9.04% of their portfolio CHARLOTTESVILLE, VA 10,000,00010.0m $10.8m $10.8m 9.04% Reduced -300.0k -300,000
8 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 6,436,2216.4m $7.0m $7.0m 0.00% Added +177.9k +177,944
9 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 5,396,6125.4m $5.8m $5.8m 0.00% Reduced -1.1m -1,092,207
10 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 5,275,2735.3m $5.7m $5.7m 0.00% Added +82.8k +82,810
11 FMR LLC 0.00% of their portfolio BOSTON, MA 3,365,2283.4m $3.6m $3.6m 0.00% Reduced -3.1m -3,100,124
12 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 2,800,2632.8m $3.0m $3.0m 0.00% Added +2.8m +2,780,131
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,636,8952.6m $2.8m $2.8m 0.00% Added +449.8k +449,827
14 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 2,526,9732.5m $2.7m $2.7m 0.00% Added +234.3k +234,341
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,336,7202.3m $2.5m $2.5m 0.00% Reduced -267.9k -267,923
16 Magnus Financial Group LLC 0.35% of their portfolio NEW YORK, NY 2,288,5222.3m $2.5m $2.5m 0.35% Added +285.5k +285,518
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,272,0732.3m $2.5m $2.5m 0.00% Added +404.0k +403,978
18 683 Capital Management, LLC 0.21% of their portfolio NEW YORK, NY 2,000,0002.0m $2.2m $2.2m 0.21% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,876,7521.9m $2.0m $2.0m 0.00% Added +36.3k +36,266
20 Penserra Capital Management LLC 0.04% of their portfolio ORINDA, CA 1,864,6901.9m $2.0m $2.0m 0.04% Reduced -285.2k -285,168
21 Legion Partners Asset Management, LLC 0.59% of their portfolio Los Angeles, CA 1,835,0001.8m $2.0m $2.0m 0.59% Unchanged
22 Robertson Stephens Wealth Management, LLC 0.13% of their portfolio San Francisco, CA 1,693,0001.7m $1.8m $1.8m 0.13% Added +224.9k +224,852
23 Swiss National Bank 0.00% of their portfolio ZURICH, V8 1,577,1541.6m $1.7m $1.7m 0.00% Added +22.2k +22,200
24 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 1,382,4171.4m $1.5m $1.5m 0.00% New
25 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 1,348,7431.3m $1.5m $1.5m 0.00% Added +842.5k +842,465
26 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 1,323,3741.3m $1.4m $1.4m 0.00% Added +1.1m +1,108,958
27 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 1,281,0331.3m $1.4m $1.4m 0.02% Added +1.2m +1,186,859
28 Linden Thomas Advisory Services, LLC 0.27% of their portfolio Charlotte, NC 1,144,0501.1m $1.2m $1.2m 0.27% New
29 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,058,4411.1m $1.1m $1.1m 0.00% Added +533.9k +533,897
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 1,042,7531.0m $1.1m $1.1m 0.00% Reduced -3.5k -3,500
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 1,030,1741.0m $1.1m $1.1m 0.00% Added +263.1k +263,122
32 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 977,600977.6k $1.1m $1.1m 0.00% Reduced -721.0k -721,000
33 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 945,987946.0k $1.0m $1.0m 0.00% Added +11.1k +11,135
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 901,905901.9k $974.1k $974.1k 0.00% Reduced -239.3k -239,296
35 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 876,000876.0k $946.1k $946.1k 0.00% New
36 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 867,022867.0k $936.4k $936.4k 0.00% Reduced -20.2k -20,212
37 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 842,014842.0k $909.4k $909.4k 0.00% Added +30.3k +30,256
38 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 813,028813.0k $878.1k $878.1k 0.00% Reduced -39.7k -39,682
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 796,592796.6k $860.3k $860.3k 0.00% Reduced -1.6m -1,603,368
40 Trellus Management Company, LLC 1.16% of their portfolio Delray Beach, FL 700,000700.0k $756.0k $756.0k 1.16% Added +100.0k +100,000
41 Merrion Investment Management Co, LLC 0.61% of their portfolio Cranford, NJ 666,261666.3k $719.6k $719.6k 0.61% Unchanged
42 Legal & General Group Plc 0.00% of their portfolio London, X0 647,864647.9k $699.7k $699.7k 0.00% Added +304.6k +304,577
43 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 645,900645.9k $697.6k $697.6k 0.00% Unchanged
44 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 637,669637.7k $689.0k $689.0k 0.00% Added +193.9k +193,874
45 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 618,067618.1k $667.5k $667.5k 0.00% Reduced -328.0k -327,981
46 XTX Topco Ltd 0.12% of their portfolio LONDON, X0 612,444612.4k $661.4k $661.4k 0.12% Added +142.7k +142,699
47 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 575,648575.6k $621.7k $621.7k 0.00% Added +44.3k +44,285
48 Vident Investment Advisory, LLC 0.02% of their portfolio Alpharetta, GA 563,603563.6k $608.7k $608.7k 0.02% Reduced -46.9k -46,851
49 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% Unchanged
50 HOHIMER WEALTH MANAGEMENT, LLC 0.15% of their portfolio SEATTLE, WA 500,000500.0k $540.0k $540.0k 0.15% Unchanged
51 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 450,904450.9k $487.0k $487.0k 0.00% Reduced -788.6k -788,628
52 Curbstone Financial Management Corp 0.11% of their portfolio MANCHESTER, NH 424,000424.0k $457.9k $457.9k 0.11% Added +43.6k +43,600
53 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 373,203373.2k $403.1k $403.1k 0.00% Reduced -305.9k -305,938
54 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 368,068368.1k $397.5k $397.5k 0.00% New
55 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 360,000360.0k $388.8k $388.8k 0.00% Reduced -2.0k -2,000
56 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 359,228359.2k $388.0k $388.0k 0.00% Unchanged
57 GROUP ONE TRADING LLC 0.02% of their portfolio CHICAGO, IL 339,365339.4k $366.5k $366.5k 0.02% Added +161.6k +161,584
58 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 335,454335.5k $362.3k $362.3k 0.00% Reduced -146.6k -146,611
59 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 332,399332.4k $359.0k $359.0k 0.00% Added +2.2k +2,191
60 AtonRa Partners 0.56% of their portfolio GENEVA, V8 332,361332.4k $358.9k $358.9k 0.56% Reduced -30.6k -30,566
61 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 323,283323.3k $349.0k $349.0k 0.00% Added +55.8k +55,762
62 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 311,675311.7k $336.6k $336.6k 0.00% Reduced -175.2k -175,182
63 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 309,202309.2k $333.9k $333.9k 0.00% Added +9.4k +9,369
64 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 309,183309.2k $332.4k $332.4k 0.00% Reduced -329 -329
65 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 298,348298.3k $322.2k $322.2k 0.04% Added +58.4k +58,447
66 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 295,277295.3k $318.9k $318.9k 0.00% Added +129.7k +129,672
67 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 282,560282.6k $305.2k $305.2k 0.00% Added +9.7k +9,666
68 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 267,471267.5k $288.9k $288.9k 0.00% Added +164.4k +164,437
69 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 266,595266.6k $287.0k $287.0k 0.00% Added +184.9k +184,912
70 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 249,468249.5k $269.4k $269.4k 0.00% Added +205.9k +205,872
71 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 249,410249.4k $269.4k $269.4k 0.00% Unchanged
72 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 210,155210.2k $227.0k $227.0k 0.00% Reduced -89.6k -89,583
73 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 203,470203.5k $219.7k $219.7k 0.00% Reduced -5.3k -5,269
74 CONDOR CAPITAL MANAGEMENT 0.03% of their portfolio MARTINSVILLE, NJ 200,000200.0k $216.0k $216.0k 0.03% Added +150.0k +150,000
75 ALGERT GLOBAL LLC 0.01% of their portfolio SAN FRANCISCO, CA 184,850184.8k $199.6k $199.6k 0.01% Unchanged
76 Intellectus Partners, LLC 0.06% of their portfolio SAN FRANCISCO, CA 179,210179.2k $193.5k $193.5k 0.06% Reduced -7.5k -7,500
77 NATIXIS 0.00% of their portfolio PARIS, I0 175,928175.9k $190.0k $190.0k 0.00% Reduced -50.0k -49,987
78 HighMark Wealth Management LLC 0.14% of their portfolio ST. PAUL, MN 173,500173.5k $187.4k $187.4k 0.14% Unchanged
79 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 165,525165.5k $178.8k $178.8k 0.00% Reduced -201.6k -201,555
80 CATALYST FINANCIAL PARTNERS LLC 0.06% of their portfolio BOSTON, MA 163,687163.7k $176.8k $176.8k 0.06% Unchanged
81 COWEN AND COMPANY, LLC 0.01% of their portfolio NEW YORK, NY 161,000161.0k $173.9k $173.9k 0.01% Added +141.0k +141,000
82 Arista Wealth Management, LLC 0.07% of their portfolio Las Vegas, NV 147,704147.7k $159.5k $159.5k 0.07% Unchanged
83 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 138,829138.8k $149.9k $149.9k 0.00% Added +46.5k +46,521
84 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 128,553128.6k $138.8k $138.8k 0.00% Reduced -218.6k -218,583
85 OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio FORT LAUDERDALE, FL 126,582126.6k $136.7k $136.7k 0.01% Reduced -6.2k -6,162
86 BRIGHTON JONES LLC 0.01% of their portfolio SEATTLE, WA 125,000125.0k $135.0k $135.0k 0.01% Unchanged
87 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 120,303120.3k $129.9k $129.9k 0.01% Added +100.4k +100,402
88 SYNOVUS FINANCIAL CORP 0.00% of their portfolio Columbus, GA 118,447118.4k $127.9k $127.9k 0.00% Unchanged
89 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 117,164117.2k $126.5k $126.5k 0.00% Added +41.3k +41,281
90 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 112,569112.6k $121.6k $121.6k 0.00% Reduced -2.8k -2,789
91 BOSTON FAMILY OFFICE LLC 0.01% of their portfolio BOSTON, MA 110,000110.0k $118.0k $118.0k 0.01% Unchanged
92 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 100,857100.9k $109.0k $109.0k 0.00% Added +9.1k +9,056
93 PICTET ASSET MANAGEMENT SA 0.00% of their portfolio GENEVA 73, V8 98,62298.6k $106.5k $106.5k 0.00% Unchanged
94 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 89,81889.8k $97.0k $97.0k 0.00% Added +9.3k +9,293
95 Hunting Hill Global Capital, LLC 0.06% of their portfolio New York, NY 87,42387.4k $94.4k $94.4k 0.06% Added +15.0k +15,000
96 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 80,48280.5k $86.9k $86.9k 0.00% Added +4.8k +4,834
97 PINNACLE ASSOCIATES LTD 0.00% of their portfolio NEW YORK, NY 80,00080.0k $86.4k $86.4k 0.00% New
98 GPS Wealth Strategies Group, LLC 0.02% of their portfolio CENTENNIAL, CO 79,45279.5k $85.8k $85.8k 0.02% Unchanged
99 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 76,90576.9k $83.1k $83.1k 0.00% Reduced -1.8k -1,796
100 LAKE STREET PRIVATE WEALTH, LLC 0.01% of their portfolio CHICAGO, IL 76,44576.4k $82.6k $82.6k 0.01% Reduced -67 -67