GOGO INC GOGO
COM · Common Stock · CUSIP 38046C109 · ISIN US38046C1099
Provider of in-flight broadband Internet service and other connectivity services
- SectorCommunication
- IndustryCommunications Services, NEC
- HeadquartersBroomfield, CO
- Founded1991
- Websitegogoair.com
- FilingsSEC EDGAR
* 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. Holder counts are more reliable. Shares outstanding: 128.8m as of 2023-11-02, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $11.95. Options: 10 managers hold calls ($4.0m notional), 9 hold puts ($7.3m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 176 |
| Q4 2022 | 158 |
| Q1 2023 | 171 |
| Q2 2023 | 163 |
| Q3 2023 | 158 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 63 | 99 |
| Q1 2023 | 82 | 85 |
| Q2 2023 | 84 | 88 |
| Q3 2023 | 77 | 88 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $27.9m | $25.9m | 0.93 |
| Q1 2023 | $7.3m | $9.1m | 1.24 |
| Q2 2023 | $13.1m | $11.1m | 0.85 |
| Q3 2023 | $4.0m | $7.3m | 1.84 |
Biggest buyers
| Burgundy Asset Management Ltd. | New | +2.0m |
| SCP Investment, LP | Added | +1.2m |
| Sycale Advisors (NY) LLC | Added | +917.9k |
| Capital International Investors | Added | +688.7k |
| Tenzing Global Management, LLC | Added | +300.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Added | +291.5k |
| DIMENSIONAL FUND ADVISORS LP | Added | +164.3k |
| Samson Rock Capital LLP | New | +108.0k |
| Laurus Global Equity Management Inc. | Added | +99.1k |
| Penn Capital Management Company, LLC | Added | +98.5k |
Biggest sellers
| LORD, ABBETT & CO. LLC | Sold out | -3.0m |
| FMR LLC | Reduced | -879.8k |
| JPMORGAN CHASE & CO | Reduced | -666.7k |
| BlackRock Inc. | Reduced | -502.5k |
| D. E. Shaw & Co., Inc. | Reduced | -365.2k |
| Nuveen Asset Management, LLC | Reduced | -348.2k |
| Rivermont Capital Management LP | Sold out | -326.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -326.3k |
| TWO SIGMA ADVISERS, LP | Reduced | -208.8k |
| Invesco Ltd. | Reduced | -171.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $956.8k80.2k shares |
| GROUP ONE TRADING LLC | Reduced | $758.7k63.6k shares |
| JANE STREET GROUP, LLC | Reduced | $655.0k54.9k shares |
| CITADEL ADVISORS LLC | Reduced | $644.2k54.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $481.0k40.4k shares |
| Walleye Capital LLC | Reduced | $200.4k16.8k shares |
| GTS SECURITIES LLC | New | $136.0k11.4k shares |
| Walleye Trading LLC | Reduced | $121.7k10.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| Cutler Group LLC / CA | Unchanged | $0200 shares |
Biggest puts
| SANDLER CAPITAL MANAGEMENT | Reduced | $5.6m465.9k shares |
| CITADEL ADVISORS LLC | Reduced | $582.2k48.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $445.0k37.3k shares |
| Walleye Trading LLC | Reduced | $331.7k27.8k shares |
| IMC-Chicago, LLC | New | $202.8k17.0k shares |
| Walleye Capital LLC | Added | $99.0k8.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $44.0k3.7k shares |
| GROUP ONE TRADING LLC | Reduced | $16.7k1.4k 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Silver (Equity) Holdings, LP 13D · may seek influence filed 2025-05-27 | 17.6% |
| Nantahala Capital Management, LLC 13G · institution +1.5 pts · filed 2026-05-15 | 6.6% |
Fell to 5% or below in the last year: BlackRock, Inc. (4.3%, 2026-07-28), FMR LLC (1.6%, 2026-01-08)
Insider purchases and sales in Q3 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 2 | $722.2k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| GTCR LLC 22.97% of their portfolio | 31.7m $378.6m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 9.7m $116.3m | Reduced -502.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.7m $68.0m | Reduced -49.0k |
| FMR LLC 0.00% of their portfolio | 4.4m $53.1m | Reduced -879.8k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 2.7m $31.8m | Reduced -365.2k |
| Tenzing Global Management, LLC 25.98% of their portfolio | 2.5m $29.8m | Added +300.0k |
| STATE STREET CORP 0.00% of their portfolio | 2.3m $27.4m | Reduced -7.1k |
| Burgundy Asset Management Ltd. 0.29% of their portfolio | 2.0m $23.9m | New |
| Sycale Advisors (NY) LLC 9.43% of their portfolio | 1.9m $22.2m | Added +917.9k |
| SCP Investment, LP 8.40% of their portfolio | 1.8m $21.8m | Added +1.2m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 1.6m $19.5m | Added +291.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $19.1m | Added +164.3k |
| Capital International Investors 0.00% of their portfolio | 1.5m $17.8m | Added +688.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $17.0m | Added +25.7k |
| Capco Asset Management, LLC 4.20% of their portfolio | 1.4m $16.2m | Added +1.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 828.5k $9.9m | Reduced -666.7k |
| Penn Capital Management Company, LLC 0.93% of their portfolio | 757.0k $9.1m | Added +98.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 704.6k $8.4m | Reduced -12.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 622.2k $7.4m | Reduced -47.4k |
| Ewing Morris & Co. Investment Partners Ltd. 5.88% of their portfolio | 609.3k $7.3m | Added +24.4k |
| BLAIR WILLIAM & CO/IL 0.03% of their portfolio | 550.2k $6.6m | Added +7.1k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 538.0k $6.4m | Added +96.8k |
| Yarra Square Partners LP 6.03% of their portfolio | 517.5k $6.2m | Reduced -60.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 507.9k $6.1m | Added +5.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 481.2k $5.7m | Added +58.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 466.1k $5.6m | Added +86.5k |
| DC Investments Management, LLC 5.68% of their portfolio | 379.4k $4.5m | Reduced -1.5k |
| MORGAN STANLEY 0.00% of their portfolio | 377.2k $4.5m | Reduced -93.6k |
| GAMCO INVESTORS, INC. ET AL 0.05% of their portfolio | 361.4k $4.3m | Added +89.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 333.3k $4.0m | Reduced -39.3k |
| Madison Asset Management, LLC 0.05% of their portfolio | 312.3k $3.7m | Reduced -360 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 253.4k $3.0m | Added +40.5k |
| ALGERT GLOBAL LLC 0.13% of their portfolio | 236.1k $2.8m | Reduced -49.6k |
| Laurus Global Equity Management Inc. 1.44% of their portfolio | 213.5k $3.4m | Added +99.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 208.5k $2.5m | Reduced -348.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 199.8k $2.4m | Reduced -2.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 193.5k $2.3m | Reduced -35.0k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 179.2k $2.1m | Reduced -208.8k |
| Legal & General Group Plc 0.00% of their portfolio | 176.1k $2.1m | Reduced -2.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 154.1k $1.8m | Reduced -63.7k |
| Swiss National Bank 0.00% of their portfolio | 141.3k $1.7m | Added +2.1k |
| Invesco Ltd. 0.00% of their portfolio | 132.5k $1.6m | Reduced -171.0k |
| TEALWOOD ASSET MANAGEMENT INC 0.80% of their portfolio | 130.2k $1.6m | Reduced -1.4k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 128.8k $1.5m | Added +6.4k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 117.8k $1.4m | Added +39.1k |
| Samson Rock Capital LLP 0.42% of their portfolio | 108.0k $1.3m | New |
| HRT FINANCIAL LP 0.01% of their portfolio | 84.8k $1.0m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 80.1k $955.6k | Added +49.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 80.0k $954.4k | Added +33.8k |
| Capula Management Ltd 0.06% of their portfolio | 79.6k $949.9k | Not comparable |
| Public Sector Pension Investment Board 0.01% of their portfolio | 76.4k $910.9k | Reduced -40.1k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 73.5k $877.0k | Reduced -7.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 73.0k $871.0k | Added +18.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 72.1k $859.7k | Reduced -8.2k |
| Skylands Capital, LLC 0.13% of their portfolio | 71.7k $855.4k | Added +23.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 71.5k $852.4k | Reduced -6.9k |
| ClariVest Asset Management LLC 0.04% of their portfolio | 68.3k $815.0k | Unchanged |
| GABELLI FUNDS LLC 0.01% of their portfolio | 67.6k $806.5k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 67.1k $801.0k | Added +14.2k |
| Jump Financial, LLC 0.03% of their portfolio | 66.5k $793.7k | Added +51.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 66.5k $793.1k | Reduced -81 |
| O'Brien Greene & Co. Inc 0.29% of their portfolio | 66.0k $787.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 56.5k $674.6k | Added +25.1k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 56.5k $674.0k | Reduced -6.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 54.5k $650.3k | Reduced -326.3k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 52.1k $621.5k | Reduced -5.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 51.0k $608.2k | Added +50.4k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio | 50.0k $595.9k | Added +10.5k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 49.1k $585.0k | Reduced -7.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 47.5k $567.0k | Reduced -2.2k |
| HARBOR CAPITAL ADVISORS, INC. 0.12% of their portfolio | 47.5k $566.5k | Added +11.2k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 47.2k $562.8k | Added +15.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 42.7k $510.0k | Reduced -10.1k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 41.3k $492.7k | Reduced -32.8k |
| Annis Gardner Whiting Capital Advisors, LLC 0.25% of their portfolio | 39.1k $465.9k | First filing |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 38.5k $458.0k | Reduced -4.7k |
| Man Group plc 0.00% of their portfolio | 38.2k $455.7k | New |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 36.2k $431.4k | Added +590 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 35.1k $418.5k | Added +7.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 35.0k $417.0k | Added +10.3k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 34.9k $416.8k | Unchanged |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 34.7k $414.0k | New |
| WINTON GROUP Ltd 0.03% of their portfolio | 33.5k $399.6k | Added +11.1k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 33.5k $399.2k | Reduced -21.6k |
| BARCLAYS PLC 0.00% of their portfolio | 32.6k $388.4k | Reduced -448 |
| Ceeto Capital Group, LLC 0.18% of their portfolio | 32.0k $382.0k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 31.7k $378.7k | Added +2.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 31.7k $378.0k | Reduced -799 |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 31.4k $374.6k | Reduced -3.0k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 31.0k $370.3k | Added +4.9k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 30.5k $363.5k | Reduced -4.2k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 30.4k $363.1k | Unchanged |
| DELTEC ASSET MANAGEMENT LLC 0.08% of their portfolio | 30.0k $357.9k | New |
| Hodges Capital Management Inc. 0.04% of their portfolio | 30.0k $358.0k | Added +30.0k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 30.0k $357.8k | New |
| COMERICA BANK 0.00% of their portfolio | 29.1k $347.1k | New |
| Yarbrough Capital, LLC 0.02% of their portfolio | 28.5k $340.3k | Unchanged |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 26.8k $320.0k | Added +6.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 26.5k $316.4k | Added +424 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 26.3k $314.1k | Reduced -4.3k |