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 ($70.6m this quarter). Holder counts are more reliable. Shares outstanding: 192.9m as of 2026-07-24, 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 ≈ $237.27. Options: 20 managers hold calls ($135.6m notional), 14 hold puts ($36.3m).
Trends to Q2 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 |
| Q2 2026 | 1,007 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 496 | 449 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $98.1m | $56.1m | 0.57 |
| Q4 2025 | $70.3m | $23.6m | 0.34 |
| Q1 2026 | $118.6m | $101.8m | 0.86 |
| Q2 2026 | $135.6m | $36.3m | 0.27 |
Biggest buyers
| FMR LLC | Added | +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +605.5k |
| NEUBERGER BERMAN GROUP LLC | Added | +529.7k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Added | +484.7k |
| BANK OF AMERICA CORP /DE/ | Added | +393.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +314.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) | Added | +242.3k |
| STATE STREET CORP | Added | +212.5k |
| AMERIPRISE FINANCIAL INC | Added | +208.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +195.6k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.4m |
| JPMORGAN CHASE & CO | Reduced | -1.2m |
| BlackRock, Inc. | Reduced | -615.5k |
| Amundi | Reduced | -560.0k |
| Select Equity Group, L.P. | Sold out | -361.6k |
| BARCLAYS PLC | Reduced | -249.0k |
| Artisan Partners Limited Partnership | Reduced | -227.0k |
| Walleye Capital LLC | Sold out | -219.1k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Reduced | -195.3k |
| Clark Capital Management Group, Inc. | Sold out | -144.7k |
Biggest calls
| Walleye Trading LLC | Added | $19.3m81.1k shares |
| CITADEL ADVISORS LLC | Reduced | $18.5m77.8k shares |
| JANE STREET GROUP, LLC | Reduced | $17.3m73.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.7m65.9k shares |
| PEAK6 LLC | Added | $14.9m62.8k shares |
| Oribel Capital Management, LP | New | $11.8m49.6k shares |
| Twin Tree Management, LP | Added | $10.0m41.9k shares |
| IMC-Chicago, LLC | Added | $6.6m27.6k shares |
| Squarepoint Ops LLC | Reduced | $4.3m18.0k shares |
| Point72 Asset Management, L.P. | New | $3.3m13.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.8m53.7k shares |
| IMC-Chicago, LLC | Reduced | $5.3m22.4k shares |
| CITADEL ADVISORS LLC | Added | $4.8m20.1k shares |
| CDC Financial, Inc. | New | $2.1m9.0k shares |
| Point72 Asset Management, L.P. | New | $2.1m8.7k shares |
| Walleye Trading LLC | Reduced | $2.0m8.6k shares |
| JANE STREET GROUP, LLC | Reduced | $2.0m8.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.8m7.4k shares |
| UBS Group AG | Added | $1.3m5.6k shares |
| TWO SIGMA INVESTMENTS, LP | New | $1.3m5.5k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 0 | — | 3 | $890.0k | $475.8k |
| Q3 2026 | 0 | — | 4 | $4.8m | $1.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-18 | Wang Cheng-Wei General Manager - Garmin Corp. · Registered Shares | Sold | $3.0m9.9k shares |
| 2026-07-31 | MAXFIELD JOSHUA H VP, General Counsel · Registered Shares | Sold | $335.4k1.2k shares |
| 2026-07-31 | Biddlecombe Sean Managing Director, EMEA · Registered Shares | Sold | $288.8k986 shares |
| 2026-07-29 | PEMBLE CLIFTON A President and CEO, director · Registered Shares | Sold plan | $1.2m4.0k shares |
| 2026-06-09 | Hartnett Joseph J Director · Registered Shares | Sold | $151.8k643 shares |
| 2026-06-05 | Boessen Douglas G. CFO and Treasurer · Registered Shares | Sold plan | $475.8k2.0k shares |
| 2026-05-08 | MINARD LAURIE A VP, Human Resources · Registered Shares | Sold | $262.4k1.1k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 14.8m $3.5bn | Reduced -615.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 10.7m $2.5bn | Added +82.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.09% of their portfolio | 8.1m $1.9bn | Added +195.6k |
| STATE STREET CORP 0.05% of their portfolio | 7.1m $1.7bn | Added +212.5k |
| Artisan Partners Limited Partnership 2.05% of their portfolio | 5.3m $1.3bn | Reduced -227.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 5.0m $1.2bn | Added +605.5k |
| FMR LLC 0.03% of their portfolio | 3.4m $805.9m | Added +1.2m |
| NORGES BANK 0.05% of their portfolio | 2.0m $471.9m | Not comparable |
| ALLIANCEBERNSTEIN L.P. 0.15% of their portfolio | 1.9m $441.1m | Reduced -31.5k |
| MORGAN STANLEY 0.02% of their portfolio | 1.9m $451.1m | Added +121.3k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 1.8m $434.9m | Added +39.4k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.7m $403.3m | Added +66.0k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 1.7m $401.1m | Added +393.3k |
| Invesco Ltd. 0.03% of their portfolio | 1.4m $321.8m | Added +170.7k |
| DISCIPLINED GROWTH INVESTORS INC /MN 5.34% of their portfolio | 1.3m $315.2m | Reduced -4.6k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.3m $312.1m | Added +29.5k |
| Legal & General Group Plc 0.06% of their portfolio | 1.2m $276.1m | Reduced -22.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.0m $245.7m | Added +17.6k |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 920.4k $218.6m | Added +98 |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 914.6k $213.4m | Added +314.6k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.67% of their portfolio | 861.1k $204.5m | Added +484.7k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 842.1k $200.0m | Added +35.3k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 818.6k $194.4m | Reduced -18.2k |
| CAPTRUST FINANCIAL ADVISORS 0.29% of their portfolio | 784.3k $186.3m | Reduced -82.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 682.8k $159.6m | Reduced -1.2m |
| Bahl & Gaynor LLC 0.72% of their portfolio | 654.9k $155.6m | Added +190.9k |
| MARSHALL WACE, LLP 0.13% of their portfolio | 649.5k $154.3m | Added +85.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.15% of their portfolio | 545.2k $129.5m | Reduced -22.9k |
| KBC Group NV 0.28% of their portfolio | 543.6k $129.1m | Reduced -8.6k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 542.4k $128.9m | Added +21.0k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 541.6k $128.7m | Added +529.7k |
| Man Group plc 0.22% of their portfolio | 509.9k $121.1m | Reduced -134.7k |
| UBS Group AG 0.02% of their portfolio | 501.9k $119.2m | Reduced -84.5k |
| Pictet Asset Management Holding SA 0.11% of their portfolio | 468.6k $111.3m | Reduced -79.0k |
| Swiss National Bank 0.06% of their portfolio | 461.5k $109.6m | Reduced -18.3k |
| Amundi 0.03% of their portfolio | 457.3k $108.6m | Reduced -560.0k |
| PANAGORA ASSET MANAGEMENT INC 0.32% of their portfolio | 444.7k $105.6m | Added +186.7k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 435.0k $103.3m | Added +29.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 411.2k $97.7m | Reduced -7.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 401.7k $95.4m | Added +27.1k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 396.6k $94.2m | Reduced -33.4k |
| SG Americas Securities, LLC 0.05% of their portfolio | 387.4k $92.0m | Reduced -118.8k |
| Thrivent Financial for Lutherans 0.15% of their portfolio | 381.4k $90.6m | Reduced -27.1k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 379.7k $90.0m | Added +107.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 373.5k $88.7m | Added +121.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 360.3k $85.6m | Reduced -39.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.16% of their portfolio | 356.4k $84.7m | Added +242.3k |
| Vanguard Global Advisers, LLC 0.04% of their portfolio | 354.0k $84.1m | Reduced -3.4k |
| Nuveen, LLC 0.02% of their portfolio | 346.1k $82.2m | Reduced -121.7k |
| CITIGROUP INC 0.04% of their portfolio | 344.6k $81.8m | Added +192.0k |
| M&G PLC 0.40% of their portfolio | 334.0k $79.5m | Reduced -23.2k |
| Jupiter Topco LLC 0.03% of their portfolio | 333.5k $79.2m | First filing |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 330.6k $78.5m | Added +208.5k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 330.5k $78.5m | Reduced -80.1k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 329.8k $78.3m | Added +6.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 322.7k $76.7m | Added +26.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.05% of their portfolio | 316.9k $75.3m | Added +35.4k |
| BARCLAYS PLC 0.02% of their portfolio | 313.0k $74.3m | Reduced -249.0k |
| Freestone Grove Partners LP 0.49% of their portfolio | 312.8k $74.3m | Added +139.4k |
| Stony Point Capital LLC 4.81% of their portfolio | 309.7k $73.6m | Added +9.7k |
| DekaBank Deutsche Girozentrale 0.12% of their portfolio | 308.8k $69.5m | Unchanged |
| Quantinno Capital Management LP 0.09% of their portfolio | 303.9k $72.2m | Reduced -47.3k |
| California Public Employees Retirement System 0.04% of their portfolio | 296.2k $70.4m | Reduced -32.8k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 294.6k $70.0m | Added +92 |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 281.9k $67.0m | Added +127.6k |
| National Pension Service 0.04% of their portfolio | 276.6k $65.7m | Added +5.9k |
| SW Investment Management LLC 18.58% of their portfolio | 275.0k $65.3m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 274.7k $65.3m | Reduced -2.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 250.1k $59.4m | Reduced -6.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 249.8k $59.3m | Reduced -11.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 248.8k $59.1m | Added +17.2k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 228.6k $54.2m | Added +10.0k |
| Handelsbanken Fonder AB 0.13% of their portfolio | 196.3k $46.6m | Added +4.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 193.0k $45.8m | Reduced -5.1k |
| LPL Financial LLC 0.01% of their portfolio | 192.8k $45.8m | Reduced -21.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 179.7k $42.7m | Added +20.4k |
| &PARTNERS 0.17% of their portfolio | 178.5k $42.5m | Added +14.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 175.9k $41.2m | Added +76.7k |
| APG Asset Management N.V. 0.09% of their portfolio | 173.7k $36.1m | Added +26.6k |
| Penserra Capital Management LLC 0.32% of their portfolio | 173.4k $41.2m | Added +96.6k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 171.2k $40.7m | Added +4.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.14% of their portfolio | 167.8k $39.9m | Reduced -195.3k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.10% of their portfolio | 157.0k $37.3m | Reduced -23.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.58% of their portfolio | 149.1k $35.4m | Reduced -2.1k |
| Baskin Financial Services Inc. 2.76% of their portfolio | 147.6k $35.1m | Reduced -6.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 146.1k $34.7m | Reduced -400 |
| Yarbrough Capital, LLC 1.02% of their portfolio | 143.9k $34.2m | Unchanged |
| Allianz Asset Management GmbH 0.03% of their portfolio | 143.7k $33.9m | Reduced -390 |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 142.3k $33.8m | Added +86.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 139.9k $33.2m | Reduced -115.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 139.8k $33.2m | Reduced -2.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 135.6k $32.2m | Added +30.1k |
| AVIVA PLC 0.05% of their portfolio | 131.5k $31.2m | Reduced -3.6k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 129.7k $30.8m | Reduced -77.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 129.6k $30.8m | Reduced -12.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 123.7k $29.4m | Added +1.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 120.0k $28.5m | Added +16.7k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 119.9k $28.4m | Reduced -4.7k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 118.6k $28.2m | Added +8.0k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 115.6k $27.5m | Added +30.0k |