GARMIN LTD GRMN
SHS · Common Stock · CUSIP H2906T109
Parent company of the Garmin group
- IndustrySearch, Detection, Navigation, Guidance, Aeronautical Sys
- HeadquartersSchaffhausen, Switzerland
- Founded2010
- Websitegarmin.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 ($105.8m this quarter). Holder counts are more reliable. Shares outstanding: 192.9m as of 2026-04-24, 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 ≈ $231.34. Options: 17 managers hold calls ($118.6m notional), 17 hold puts ($101.8m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 605 |
| Q4 2022 | 629 |
| Q1 2023 | 641 |
| Q2 2023 | 668 |
| Q3 2023 | 660 |
| Q4 2023 | 736 |
| Q1 2024 | 753 |
| Q2 2024 | 815 |
| Q3 2024 | 813 |
| Q4 2024 | 907 |
| Q1 2025 | 956 |
| Q2 2025 | 938 |
| Q3 2025 | 961 |
| Q4 2025 | 976 |
| Q1 2026 | 1,018 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 410 | 314 |
| Q3 2024 | 377 | 358 |
| Q4 2024 | 416 | 355 |
| Q1 2025 | 501 | 370 |
| Q2 2025 | 427 | 459 |
| Q3 2025 | 514 | 353 |
| Q4 2025 | 427 | 483 |
| Q1 2026 | 535 | 407 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $97.1m | $132.4m | 1.36 |
| Q3 2025 | $98.1m | $56.1m | 0.57 |
| Q4 2025 | $70.3m | $23.6m | 0.34 |
| Q1 2026 | $118.6m | $101.8m | 0.86 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +550.0k |
| ALLIANCEBERNSTEIN L.P. | Added | +480.1k |
| Amundi | Added | +460.0k |
| JPMORGAN CHASE & CO | Added | +347.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +338.8k |
| SG Americas Securities, LLC | Added | +333.3k |
| Bahl & Gaynor LLC | Added | +316.9k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +253.2k |
| PANAGORA ASSET MANAGEMENT INC | Added | +232.3k |
| Walleye Capital LLC | Added | +219.0k |
Biggest sellers
| BlackRock, Inc. | Reduced | -556.0k |
| Squarepoint Ops LLC | Reduced | -291.4k |
| FMR LLC | Reduced | -265.1k |
| MUFG Securities EMEA plc | Reduced | -209.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -208.0k |
| CONGRESS ASSET MANAGEMENT CO | Reduced | -190.1k |
| Artisan Partners Limited Partnership | Reduced | -180.2k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -177.2k |
| Select Equity Group, L.P. | Reduced | -172.4k |
| Man Group plc | Reduced | -167.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $43.9m189.1k shares |
| CITADEL ADVISORS LLC | Added | $21.0m90.7k shares |
| JANE STREET GROUP, LLC | Added | $18.2m78.5k shares |
| Walleye Trading LLC | Added | $5.8m24.9k shares |
| IMC-Chicago, LLC | Reduced | $5.3m23.0k shares |
| Squarepoint Ops LLC | Reduced | $5.3m23.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $4.0m17.1k shares |
| PEAK6 LLC | Reduced | $3.2m13.9k shares |
| Round Hill Asset Management | Reduced | $3.1m13.5k shares |
| SIMPLEX TRADING, LLC | Added | $2.3m9.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $34.0m146.5k shares |
| Oribel Capital Management, LP | New | $27.2m117.2k shares |
| IMC-Chicago, LLC | New | $8.1m34.7k shares |
| PEAK6 LLC | Added | $5.8m25.1k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $5.1m21.8k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m21.3k shares |
| Walleye Trading LLC | Added | $4.8m20.8k shares |
| JANE STREET GROUP, LLC | Added | $3.5m15.1k shares |
| CITADEL ADVISORS LLC | Reduced | $3.2m13.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $1.7m7.5k 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 |
|---|---|
| KAO MIN H 13G · exempt (held before listing) no change · filed 2026-10-13 | 9.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 6.4% |
Fell to 5% or below in the last year: BURRELL JONATHAN (4.8%, 2026-07-09), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 3 | $3.6m | $3.6m |
| Q3 2024 | 0 | — | 3 | $2.3m | — |
| Q4 2024 | 0 | — | 3 | $2.9m | $2.8m |
| Q1 2025 | 0 | — | 6 | $5.7m | $3.8m |
| Q2 2025 | 0 | — | 1 | $1.6m | $1.6m |
| Q3 2025 | 0 | — | 4 | $3.3m | $399.7k |
| Q4 2025 | 0 | — | 2 | $2.7m | $2.7m |
| Q1 2026 | 0 | — | 8 | $11.5m | $8.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-10 | LINK EDWARD J. VP, Information Technology · Registered Shares | Sold | $310.6k1.3k shares |
| 2026-02-26 | PEMBLE CLIFTON A President and CEO, director · Registered Shares | Sold plan | $5.0m19.9k shares |
| 2026-02-26 | Desbois Patrick co-COO · Registered Shares | Sold plan | $1.7m6.7k shares |
| 2026-02-26 | Munn Matthew EVP, Man. Director - Auto OEM · Registered Shares | Sold | $1.3m5.3k shares |
| 2026-02-26 | LYMAN SUSAN VP, Consumer Sales & Marketing · Registered Shares | Sold | $956.2k3.8k shares |
| 2026-02-26 | Boessen Douglas G. CFO and Treasurer · Registered Shares | Sold plan | $877.5k3.5k shares |
| 2026-02-23 | MINARD LAURIE A VP, Human Resources · Registered Shares | Sold | $207.0k837 shares |
| 2026-02-20 | Biddlecombe Sean Managing Director, EMEA · Registered Shares | Sold | $257.9k1.1k shares |
| 2026-02-13 | Boessen Douglas G. CFO and Treasurer · Registered Shares | Sold plan | $103.2k479 shares |
| 2026-01-07 | Desbois Patrick co-COO · Registered Shares | Sold plan | $773.9k3.7k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.06% of their portfolio | 15.4m $3.6bn | Reduced -556.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 10.6m $2.5bn | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.10% of their portfolio | 7.9m $1.8bn | First filing |
| STATE STREET CORP 0.05% of their portfolio | 6.9m $1.6bn | Reduced -160.3k |
| Artisan Partners Limited Partnership 2.09% of their portfolio | 5.5m $1.3bn | Reduced -180.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.4m $1.0bn | Reduced -110.1k |
| FMR LLC 0.03% of their portfolio | 2.2m $499.3m | Reduced -265.1k |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 1.9m $392.1m | Added +480.1k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 1.9m $427.0m | Added +347.1k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 1.8m $415.6m | Added +71.6k |
| MORGAN STANLEY 0.02% of their portfolio | 1.8m $412.5m | Added +111.2k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 1.6m $378.5m | Added +40.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.4m $323.8m | Added +338.8k |
| DISCIPLINED GROWTH INVESTORS INC /MN 6.32% of their portfolio | 1.3m $308.9m | Reduced -68.1k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.3m $300.5m | Added +550.0k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.3m $298.0m | Reduced -4.8k |
| Legal & General Group Plc 0.06% of their portfolio | 1.2m $275.0m | Added +25.1k |
| Invesco Ltd. 0.03% of their portfolio | 1.2m $274.7m | Added +52.3k |
| Amundi 0.06% of their portfolio | 1.0m $236.0m | Added +460.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.0m $235.9m | Added +39.3k |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 920.3k $213.5m | First filing |
| CAPTRUST FINANCIAL ADVISORS 0.35% of their portfolio | 866.8k $201.1m | Added +27.3k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 836.8k $194.1m | Reduced -19.8k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 806.8k $187.2m | Reduced -11.3k |
| Man Group plc 0.31% of their portfolio | 644.6k $149.6m | Reduced -167.8k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 600.0k $138.0m | Added +44.0k |
| UBS Group AG 0.02% of their portfolio | 586.3k $136.0m | Added +116.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.19% of their portfolio | 568.1k $131.8m | Added +253.2k |
| MARSHALL WACE, LLP 0.14% of their portfolio | 564.1k $130.9m | Reduced -35.5k |
| BARCLAYS PLC 0.05% of their portfolio | 562.0k $130.4m | Added +197.4k |
| KBC Group NV 0.32% of their portfolio | 552.2k $128.1m | Reduced -9.0k |
| Pictet Asset Management Holding SA 0.13% of their portfolio | 547.7k $127.1m | Reduced -99.2k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 521.5k $121.0m | Reduced -82.1k |
| SG Americas Securities, LLC 0.13% of their portfolio | 506.3k $117.5m | Added +333.3k |
| Swiss National Bank 0.06% of their portfolio | 479.8k $111.3m | Added +31.4k |
| Nuveen, LLC 0.03% of their portfolio | 467.8k $108.5m | Added +101.7k |
| Bahl & Gaynor LLC 0.54% of their portfolio | 464.1k $107.7m | Added +316.9k |
| Caisse de depot et placement du Quebec 0.16% of their portfolio | 430.0k $99.8m | Added +16.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 418.6k $97.1m | Reduced -13.7k |
| Qube Research & Technologies Ltd 0.14% of their portfolio | 410.7k $95.3m | Reduced -19.6k |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 408.6k $94.8m | Reduced -148.1k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 405.3k $94.0m | Reduced -33.1k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 400.0k $92.8m | Added +10.6k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 397.9k $92.3m | Reduced -45.7k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.37% of their portfolio | 376.4k $87.3m | Added +40.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 374.6k $86.9m | Added +27.3k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.32% of their portfolio | 363.1k $84.2m | Added +200.1k |
| Select Equity Group, L.P. 0.45% of their portfolio | 361.6k $83.9m | Reduced -172.4k |
| Vanguard Global Advisers, LLC 0.04% of their portfolio | 357.4k $82.9m | First filing |
| M&G PLC 0.43% of their portfolio | 357.2k $82.9m | Added +3.0k |
| Quantinno Capital Management LP 0.14% of their portfolio | 351.2k $81.5m | Added +119.0k |
| California Public Employees Retirement System 0.05% of their portfolio | 329.0k $76.3m | Added +37.2k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 323.8k $75.1m | Reduced -46.0k |
| DekaBank Deutsche Girozentrale 0.12% of their portfolio | 308.8k $71.0m | Unchanged |
| Stony Point Capital LLC 5.63% of their portfolio | 300.1k $69.6m | Reduced -1.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 296.4k $68.8m | Added +63.3k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 294.5k $68.3m | Reduced -14.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.06% of their portfolio | 281.6k $65.3m | First filing |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 277.2k $64.3m | Added +32.0k |
| SW Investment Management LLC 14.15% of their portfolio | 275.0k $63.8m | Added +15.0k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 272.5k $63.2m | Added +130.0k |
| National Pension Service 0.05% of their portfolio | 270.7k $62.8m | Reduced -58.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 260.9k $60.5m | Added +3.8k |
| PANAGORA ASSET MANAGEMENT INC 0.22% of their portfolio | 258.0k $59.9m | Added +232.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 256.9k $59.6m | Reduced -4.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio | 255.6k $59.3m | Reduced -16.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 251.6k $58.4m | Reduced -46.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 231.5k $53.7m | Reduced -5.6k |
| Squarepoint Ops LLC 0.11% of their portfolio | 224.6k $52.1m | Reduced -291.4k |
| Walleye Capital LLC 0.31% of their portfolio | 219.1k $50.8m | Added +219.0k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 218.6k $50.4m | Added +9.8k |
| LPL Financial LLC 0.01% of their portfolio | 214.5k $49.8m | Added +13.4k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 212.9k $49.4m | Reduced -65.6k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 206.9k $48.0m | Reduced -138.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 198.0k $45.9m | Reduced -2.1k |
| Handelsbanken Fonder AB 0.15% of their portfolio | 192.0k $44.5m | Reduced -2.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio | 183.0k $42.5m | Reduced -208.0k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.17% of their portfolio | 180.4k $41.9m | Added +30.6k |
| Freestone Grove Partners LP 0.29% of their portfolio | 173.4k $40.2m | Added +9.0k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 166.4k $38.6m | Reduced -28.8k |
| &PARTNERS 0.19% of their portfolio | 163.8k $38.0m | Added +18.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 159.3k $37.0m | Added +13.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 154.3k $35.8m | Added +70.0k |
| Baskin Financial Services Inc. 2.93% of their portfolio | 154.3k $35.8m | Reduced -1.2k |
| CITIGROUP INC 0.02% of their portfolio | 152.5k $35.4m | Reduced -10.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.65% of their portfolio | 151.2k $35.1m | Reduced -16.7k |
| APG Asset Management N.V. 0.09% of their portfolio | 147.1k $29.6m | Reduced -8.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 146.5k $34.0m | Reduced -1.1k |
| Clark Capital Management Group, Inc. 0.21% of their portfolio | 144.7k $33.6m | Reduced -8.9k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 144.1k $33.4m | Added +63.7k |
| Yarbrough Capital, LLC 1.17% of their portfolio | 143.9k $33.4m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 141.9k $32.9m | Unchanged |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 141.8k $32.9m | Added +3.5k |
| Susquehanna Portfolio Strategies, LLC 0.47% of their portfolio | 136.6k $31.7m | Added +115.7k |
| AVIVA PLC 0.05% of their portfolio | 135.1k $31.4m | Added +3.0k |
| Assenagon Asset Management S.A. 0.05% of their portfolio | 131.6k $30.5m | Added +65.2k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 124.6k $29.0m | Reduced -2.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 122.2k $28.3m | Reduced -20.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.05% of their portfolio | 122.0k $28.3m | Reduced -22.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 121.9k $28.3m | Unchanged |