According to its SEC filing dated February 17, 2026, Greenhouse Funds LLLP increased its stake in Globalstar (NASDAQ:GSAT) by 75,653 shares during the fourth quarter of 2025. The estimated value of the trade was $4.18 million, based on the period’s average share price. As of December 31, 2025, the position’s value rose by approximately $57.60 million, a change reflecting both the increased stake and underlying stock price appreciation.
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Direction: Buy; post-trade Globalstar stake represents 4.91`% of Greenhouse Funds’ 13F AUM.
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Top holdings after the filing:
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NYSE: VYX: $187.18 million (6.8% of AUM)
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NYSE: BILL: $160.02 million (5.8% of AUM)
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NASDAQ: SRAD: $157.39 million (5.7% of AUM)
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NASDAQ: GSAT: $135.80 million (4.9% of AUM)
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NYSE: NCLH: $118.27 million (4.3% of AUM)
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As of February 13, 2026, Globalstar shares were priced at $60.06, up 171.76% over the past year, outperforming the S&P 500 by 159.97 percentage points.
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Metric |
Value |
|---|---|
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Price (as of market close 2/13/26) |
$60.06 |
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Market Capitalization |
$7.49 billion |
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Revenue (TTM) |
$272.99 million |
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Net Income (TTM) |
($19.26 million) |
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Globalstar provides mobile satellite voice and data communications, SPOT consumer tracking and safety devices, asset tracking solutions, and IoT connectivity products for global markets.
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It generates revenue through direct product sales, service subscriptions, wholesale network access, and engineering services, leveraging a proprietary satellite network and terrestrial spectrum rights.
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The company serves recreational, government, emergency response, oil and gas, maritime, utilities, transportation, and industrial customers worldwide, with a focus on remote and mission-critical applications.
Globalstar operates a global satellite communications network, offering connectivity solutions for voice, data, and asset tracking across challenging geographies. The company leverages strategic technology partnerships and spectrum assets to address the growing demand for reliable communications in remote and industrial environments. Its diversified product suite and established customer base position Globalstar as a key player in the satellite-enabled IoT and critical communications market.
The purchase of an additional 75,653 Globalstar shares by Greenhouse Funds in the fourth quarter of 2025 suggests the hedge fund has a bullish outlook towards the stock. This is particularly noteworthy given Globalstar shares were on the upswing in Q4, eventually hitting a 52-week high of $74.88 on Dec. 12.