VIASAT INC VSAT
COM · Common Stock · CUSIP 92552V100 · ISIN US92552V1008
American communications company
- SectorCommunication
- IndustryCommunications Services, NEC
- HeadquartersCarlsbad, CA
- Founded1986
- Websiteviasat.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 ($15.1m this quarter). Holder counts are more reliable. Shares outstanding: 135.3m as of 2025-10-24, 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 ≈ $29.30. Options: 20 managers hold calls ($154.9m notional), 17 hold puts ($137.9m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 205 |
| Q4 2022 | 211 |
| Q1 2023 | 203 |
| Q2 2023 | 210 |
| Q3 2023 | 209 |
| Q4 2023 | 212 |
| Q1 2024 | 211 |
| Q2 2024 | 206 |
| Q3 2024 | 221 |
| Q4 2024 | 240 |
| Q1 2025 | 256 |
| Q2 2025 | 262 |
| Q3 2025 | 299 |
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 2023 | 110 | 99 |
| Q1 2024 | 104 | 101 |
| Q2 2024 | 122 | 87 |
| Q3 2024 | 127 | 90 |
| Q4 2024 | 134 | 96 |
| Q1 2025 | 153 | 94 |
| Q2 2025 | 137 | 127 |
| Q3 2025 | 184 | 127 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $16.4m | $16.6m | 1.01 |
| Q1 2025 | $24.8m | $19.7m | 0.79 |
| Q2 2025 | $54.7m | $46.6m | 0.85 |
| Q3 2025 | $154.9m | $137.9m | 0.89 |
Biggest buyers
| BlackRock, Inc. | Added | +5.1m |
| CARRONADE CAPITAL MANAGEMENT, LP | New | +2.6m |
| FULLER & THALER ASSET MANAGEMENT, INC. | New | +2.5m |
| HENNESSY ADVISORS INC | Added | +1.4m |
| VANGUARD GROUP INC | Added | +1.3m |
| Empyrean Capital Partners, LP | New | +1.1m |
| AMERICAN CENTURY COMPANIES INC | Added | +1.0m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.0m |
| Caption Management, LLC | New | +881.1k |
| STATE STREET CORP | Added | +878.4k |
Biggest sellers
| BAUPOST GROUP LLC/MA | Sold out | -9.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.1m |
| Point72 Asset Management, L.P. | Sold out | -2.0m |
| Long Focus Capital Management, LLC | Reduced | -1.7m |
| ROYAL BANK OF CANADA | Reduced | -1.4m |
| CITADEL ADVISORS LLC | Reduced | -1.2m |
| Jump Financial, LLC | Sold out | -1.1m |
| MORGAN STANLEY | Reduced | -1.0m |
| GOLDMAN SACHS GROUP INC | Reduced | -937.2k |
| Cubist Systematic Strategies, LLC | Sold out | -911.8k |
Biggest calls
| CARRONADE CAPITAL MANAGEMENT, LP | Added | $78.7m2.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.4m455.8k shares |
| CITADEL ADVISORS LLC | Reduced | $8.0m273.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $8.0m272.5k shares |
| CITIGROUP INC | New | $7.1m241.0k shares |
| GROUP ONE TRADING LLC | Reduced | $6.3m216.3k shares |
| JANE STREET GROUP, LLC | Added | $6.3m213.4k shares |
| IMC-Chicago, LLC | Added | $5.3m180.3k shares |
| D. E. Shaw & Co., Inc. | Added | $4.6m156.8k shares |
| WOLVERINE TRADING, LLC | Added | $3.3m116.8k shares |
Biggest puts
| CITIGROUP INC | New | $42.0m1.4m shares |
| Caption Management, LLC | New | $36.6m1.2m shares |
| Yiheng Capital Management, L.P. | Reduced | $21.6m735.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.1m344.2k shares |
| Crawford Fund Management, LLC | Reduced | $6.7m227.5k shares |
| CITADEL ADVISORS LLC | Added | $4.8m163.6k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $3.0m101.7k shares |
| JANE STREET GROUP, LLC | Added | $2.8m95.8k shares |
| WOLVERINE TRADING, LLC | Added | $2.5m89.6k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.1m70.4k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-10-17 | 14.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.2% |
| WP Triton Co-Invest, L.P. 13G · passive investor new · filed 2025-05-23 | 6.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 2025
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 2023 | 0 | — | 2 | $129.8k | $8.4k |
| Q1 2024 | 0 | — | 1 | $4.0k | $4.0k |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 1 | $820.0k | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $32.8k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 3 | $5.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-15 | Duffy Shawn Lynn SVP, Chief Accounting Officer | Sold | $1.6m50.0k shares |
| 2025-09-15 | Chase Garrett L. SVP, Chief Financial Officer | Sold | $833.2k25.0k shares |
| 2025-09-11 | BALDRIDGE RICHARD A Director · By Trust | Sold | $3.1m100.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 19.7m $578.5m | Added +5.1m |
| VANGUARD GROUP INC 0.01% of their portfolio | 17.0m $497.0m | Added +1.3m |
| OCO Capital Partners, L.P. 56.44% of their portfolio | 6.0m $175.8m | Unchanged |
| STATE STREET CORP 0.01% of their portfolio | 5.8m $170.3m | Added +878.4k |
| DISCIPLINED GROWTH INVESTORS INC /MN 3.04% of their portfolio | 5.7m $167.8m | Reduced -119.2k |
| NEUBERGER BERMAN GROUP LLC 0.12% of their portfolio | 5.5m $161.4m | Reduced -25.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 4.8m $140.5m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 3.7m $108.8m | Added +1.0m |
| Nuveen, LLC 0.03% of their portfolio | 3.7m $107.2m | Reduced -220.9k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.3m $96.9m | Added +1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.1m $89.5m | Added +558.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.8m $81.7m | Added +311.1k |
| MORGAN STANLEY 0.00% of their portfolio | 2.8m $81.5m | Reduced -1.0m |
| CARRONADE CAPITAL MANAGEMENT, LP 7.45% of their portfolio | 2.6m $75.4m | New |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.25% of their portfolio | 2.5m $73.0m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.3m $66.9m | Reduced -937.2k |
| Invesco Ltd. 0.01% of their portfolio | 2.1m $62.4m | Added +240.0k |
| BRIGHTLINE CAPITAL MANAGEMENT, LLC 24.45% of their portfolio | 2.0m $59.7m | Added +36.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.7m $50.6m | Reduced -705.0k |
| HENNESSY ADVISORS INC 1.42% of their portfolio | 1.4m $41.2m | Added +1.4m |
| Long Focus Capital Management, LLC 2.24% of their portfolio | 1.3m $39.2m | Reduced -1.7m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $38.7m | Added +163.4k |
| Empyrean Capital Partners, LP 1.34% of their portfolio | 1.1m $33.3m | New |
| UBS Group AG 0.01% of their portfolio | 1.1m $33.2m | Added +30.2k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.1m $32.7m | Added +89.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.1m $32.5m | Reduced -1.4m |
| CITIGROUP INC 0.02% of their portfolio | 1.0m $30.1m | Reduced -646.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 904.1k $26.5m | Added +403.3k |
| Caption Management, LLC 1.50% of their portfolio | 881.1k $25.8m | New |
| Lodge Hill Capital, LLC 4.45% of their portfolio | 850.0k $24.9m | Reduced -450.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 803.9k $23.6m | Added +167.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.49% of their portfolio | 787.4k $23.1m | Added +140.2k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 708.4k $20.8m | Added +261.3k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 659.2k $19.3m | Added +621.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 647.2k $19.0m | Added +222.7k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 628.6k $18.4m | Reduced -834.6k |
| Legal & General Group Plc 0.00% of their portfolio | 528.3k $15.5m | Added +97.2k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 523.7k $15.3m | Added +233.5k |
| Penserra Capital Management LLC 0.18% of their portfolio | 515.5k $15.1m | Reduced -615.9k |
| PDT Partners, LLC 0.92% of their portfolio | 496.0k $14.5m | Reduced -3.7k |
| Man Group plc 0.03% of their portfolio | 467.3k $13.7m | New |
| Empowered Funds, LLC 0.14% of their portfolio | 466.4k $13.7m | Added +144.2k |
| PANAGORA ASSET MANAGEMENT INC 0.05% of their portfolio | 450.8k $13.2m | Added +341.2k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 438.1k $12.8m | Reduced -32.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 428.5k $12.6m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 371.3k $10.9m | Added +69.4k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.73% of their portfolio | 355.1k $10.4m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 344.4k $9.8m | Reduced -108.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 295.0k $8.6m | Added +38.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 282.1k $8.3m | Added +96.8k |
| LEE DANNER & BASS INC 0.59% of their portfolio | 278.5k $8.2m | Unchanged |
| 13D Management LLC 7.50% of their portfolio | 267.0k $7.8m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 260.9k $7.6m | Added +78.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 258.4k $7.6m | Reduced -105.2k |
| Hi-Line Capital Management, LLC 2.32% of their portfolio | 250.4k $7.3m | Reduced -12.9k |
| P SCHOENFELD ASSET MANAGEMENT LP 2.07% of their portfolio | 250.0k $7.3m | New |
| Hudson Bay Capital Management LP 0.04% of their portfolio | 250.0k $7.3m | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 219.3k $6.4m | Reduced -147.2k |
| South Dakota Investment Council 0.12% of their portfolio | 212.5k $6.2m | Reduced -290.2k |
| Aperture Investors, LLC 0.85% of their portfolio | 210.0k $6.2m | New |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 207.9k $6.1m | Added +11.2k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio | 203.2k $6.0m | Added +24.6k |
| Swiss National Bank 0.00% of their portfolio | 202.0k $5.9m | Added +4.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 192.4k $5.6m | Reduced -87.5k |
| Financial Engines Advisors L.L.C. 0.01% of their portfolio | 190.1k $5.6m | Reduced -252.1k |
| Atom Investors LP 0.38% of their portfolio | 172.1k $5.0m | Reduced -23.1k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.19% of their portfolio | 169.2k $5.0m | Reduced -51.8k |
| BARCLAYS PLC 0.00% of their portfolio | 166.0k $4.9m | Reduced -53.6k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 160.6k $4.7m | Added +66.3k |
| LPL Financial LLC 0.00% of their portfolio | 160.1k $4.7m | Added +19.8k |
| Inspire Advisors, LLC 0.43% of their portfolio | 153.5k $4.5m | New |
| PICTON MAHONEY ASSET MANAGEMENT 0.06% of their portfolio | 147.6k $4.3m | New |
| BI Asset Management Fondsmaeglerselskab A/S 0.04% of their portfolio | 144.4k $4.2m | New |
| Trexquant Investment LP 0.04% of their portfolio | 142.8k $4.2m | Reduced -251.6k |
| Taconic Capital Advisors LP 1.21% of their portfolio | 140.0k $4.1m | Added +32.2k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 137.4k $3.9m | Added +41.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 131.2k $3.8m | Added +1.2k |
| Quantinno Capital Management LP 0.01% of their portfolio | 125.4k $3.7m | Reduced -13.5k |
| Informed Momentum Co LLC 0.41% of their portfolio | 124.4k $3.6m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 121.4k $3.6m | Reduced -322.2k |
| Cove Street Capital, LLC 4.55% of their portfolio | 118.9k $3.5m | Reduced -139.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 110.3k $3.2m | Added +8.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 110.1k $3.2m | Added +31.4k |
| Edgestream Partners, L.P. 0.09% of their portfolio | 109.5k $3.2m | Added +34.2k |
| Susquehanna Portfolio Strategies, LLC 0.05% of their portfolio | 108.1k $3.2m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 108.1k $3.2m | New |
| Mariner, LLC 0.00% of their portfolio | 105.3k $3.1m | Added +37.4k |
| CAXTON ASSOCIATES LLP 0.08% of their portfolio | 102.8k $3.0m | Reduced -219.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 98.8k $2.9m | Reduced -24.7k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 97.2k $2.8m | Added +15.8k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 96.9k $2.8m | Added +34.2k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 93.5k $2.7m | Added +46.9k |
| Bridgewater Associates, LP 0.01% of their portfolio | 91.8k $2.7m | New |
| STEINBERG ASSET MANAGEMENT LLC 1.83% of their portfolio | 87.1k $2.6m | Added +1.4k |
| FMR LLC 0.00% of their portfolio | 82.6k $2.4m | Added +2.3k |
| COMERICA BANK 0.01% of their portfolio | 80.6k $2.4m | Added +47.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 80.0k $2.3m | Reduced -2.1m |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 74.7k $2.2m | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 71.8k $2.1m | New |
| MetLife Investment Management, LLC 0.01% of their portfolio | 68.5k $2.0m | Added +214 |