GRMNNYSESearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 26
GARMIN LTD
Financials through Q1 FY2026, quarter ended Mar 28, 2026Last filing: 10-Q on Jul 29, 2026
$286.16+1.37 (+0.48%)
Close on Oct 19, 2026
- Market cap
- $55.39B
- P/E (TTM)
- 31.9
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
57.1%
110M of 193M shares
Institutional holders
1,005
97 new, 97 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
0 buys · 44 sales
Net sold $20.04M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Jonathan Burrell | 9,770,665 | 5.07% | 13G (passive) amendment | Jun 30, 2025 |
| Kao Min H | 18,667,740 | 9.70% | 13G (passive) amendment | Jun 30, 2026 |
| Kao Yu-Fan C | 18,662,265 | 9.70% | 13G (passive) amendment | Sep 30, 2026 |
| BlackRock, Inc. | 15,305,863 | 8.00% | 13G (passive) amendment | Dec 31, 2023 |
| Vanguard Capital Management | 12,244,166 | 6.36% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of GRMN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 14,821,660 | 7.69% | $3.52B | −615,543 | 0.05% |
| Vanguard Capital Management LLC | 10,705,227 | 5.55% | $2.54B | +82,071 | 0.05% |
| Vanguard Portfolio Management LLC | 8,066,044 | 4.18% | $1.92B | +195,583 | 0.09% |
| State Street Corp | 7,064,598 | 3.66% | $1.68B | +212,499 | 0.05% |
| Artisan Partners Limited Partnership | 5,292,605 | 2.74% | $1.26B | −227,032 | 1.99% |
| Geode Capital Management, LLC | 5,006,217 | 2.60% | $1.19B | +605,504 | 0.06% |
| FMR LLC | 3,392,792 | 1.76% | $805.92M | +1,240,940 | 0.03% |
| Norges Bank | 1,986,445 | 1.03% | $471.86M | New | 0.05% |
| Alliancebernstein L.P. | 1,901,330 | 0.99% | $441.13M | −31,517 | 0.15% |
| Morgan Stanley | 1,899,056 | 0.98% | $451.10M | +121,311 | 0.02% |
| Northern Trust Corp | 1,830,699 | 0.95% | $434.86M | +39,392 | 0.05% |
| Dimensional Fund Advisors LP | 1,697,796 | 0.88% | $403.26M | +65,953 | 0.07% |
| Bank Of America Corp /De/ | 1,688,538 | 0.88% | $401.10M | +393,339 | 0.03% |
| Invesco Ltd. | 1,354,791 | 0.70% | $321.82M | +170,689 | 0.03% |
| Disciplined Growth Investors Inc /Mn | 1,326,832 | 0.69% | $315.18M | −4,609 | 5.34% |
| Goldman Sachs Group Inc | 1,313,846 | 0.68% | $312.09M | +29,490 | 0.03% |
| Legal & General Group Plc | 1,162,306 | 0.60% | $276.09M | −22,913 | 0.06% |
| Charles Schwab Investment Management Inc | 1,034,210 | 0.54% | $245.67M | +17,553 | 0.03% |
| Vanguard Fiduciary Trust Co | 920,386 | 0.48% | $218.63M | +98 | 0.05% |
| Aqr Capital Management LLC | 914,637 | 0.47% | $213.40M | +314,625 | 0.07% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 1,005 | 110M | 57.1% | 97 / 408 | 352 / 97 | 10M | 8M |
| Q1 2026 | 1,017 | 109M | 56.3% | 137 / 414 | 323 / 85 | 27M | 7M |
| Q4 2025 | 976 | 109M | 56.4% | 150 / 329 | 366 / 118 | 11M | 10M |
| Q3 2025 | 961 | 108M | 55.9% | 114 / 410 | 276 / 79 | 8M | 9M |
| Q2 2025 | 938 | 109M | 56.3% | 89 / 353 | 364 / 96 | 8M | 7M |
| Q1 2025 | 955 | 108M | 56.1% | 137 / 383 | 297 / 73 | 8M | 6M |
| Q4 2024 | 907 | 107M | 55.7% | 159 / 313 | 303 / 53 | 7M | 10M |
| Q3 2024 | 812 | 111M | 57.3% | 83 / 305 | 287 / 72 | 22M | 5M |
| Q2 2024 | 814 | 108M | 56.0% | 107 / 311 | 276 / 40 | 5M | 10M |
| Q1 2024 | 753 | 113M | 58.5% | 94 / 269 | 277 / 67 | 12M | 6M |
| Q4 2023 | 735 | 107M | 55.5% | 134 / 231 | 273 / 49 | 10M | 6M |
| Q3 2023 | 659 | 103M | 53.2% | 60 / 260 | 222 / 62 | 7M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of GRMN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 5,205,485 | 2.70% | $1.24B | 0.05% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 4,247,261 | 2.20% | $1.01B | 0.06% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 3,552,045 | 1.84% | $843.75M | 0.38% | Jun 30, 2026 |
| Vanguard Value Index Fund | 1,559,230 | 0.81% | $370.38M | 0.15% | Jun 30, 2026 |
| iShares MSCI USA Quality Factor ETF | 1,442,775 | 0.75% | $423.86M | 0.91% | Jul 31, 2026 |
| Vanguard Mid-Cap Growth Index Fund | 1,255,883 | 0.65% | $298.32M | 0.86% | Jun 30, 2026 |
| Vanguard Institutional Index Fund | 889,932 | 0.46% | $211.39M | 0.06% | Jun 30, 2026 |
| Invesco S&P 500 Equal Weight ETF | 804,317 | 0.42% | $236.29M | 0.24% | Jul 31, 2026 |
| Vanguard High Dividend Yield Index Fund | 661,165 | 0.34% | $194.24M | 0.20% | Jul 31, 2026 |
| iShares Russell 1000 Value ETF | 366,617 | 0.19% | $87.09M | 0.11% | Jun 30, 2026 |
| Vanguard Strategic Equity Fund | 286,147 | 0.15% | $67.97M | 0.56% | Jun 30, 2026 |
| Touchstone Strategic Trust-Touchstone Mid Cap Growth Fund | 198,539 | 0.10% | $47.16M | 2.07% | Jun 30, 2026 |
| Thrivent Mid Cap Stock Fund | 197,291 | 0.10% | $57.96M | 1.86% | Jul 31, 2026 |
| Vanguard Large-Cap Index Fund | 191,449 | 0.10% | $45.48M | 0.06% | Jun 30, 2026 |
| Vanguard Consumer Discretionary Index Fund | 176,507 | 0.09% | $41.29M | 0.59% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Min H. Kao | Executive Chairman, Director | 19,794,649 | 10.26% | Aug 4, 2026 |
| Clifton A. Pemble | President and CEO, Director | 120,382 | 0.06% | Jul 31, 2026 |
| Cheng-Wei Wang | General Manager - Garmin Corp. | 34,417 | 0.02% | Aug 20, 2026 |
| Philip Straub | EVP, Man. Director - Aviation | 100,889 | 0.05% | Aug 4, 2026 |
| Sean Biddlecombe | Managing Director, EMEA | 6,021 | 0.00% | Jul 31, 2026 |
| Joshua H. Maxfield | VP, General Counsel | 15,577 | 0.01% | Jul 31, 2026 |
| Douglas G. Boessen | CFO and Treasurer | 27,422 | 0.01% | Jun 8, 2026 |
| Laurie A. Minard | VP, Human Resources | 3,785 | 0.00% | May 8, 2026 |
| Edward J. Link | VP, Information Technology | 28,425 | 0.01% | Mar 10, 2026 |
| Patrick Desbois | co-COO | 58,540 | 0.03% | Feb 27, 2026 |
| Bradley C. Trenkle | co-COO | 47,829 | 0.02% | Feb 27, 2026 |
| Susan Lyman | VP, Consumer Sales & Marketing | 7,523 | 0.00% | Feb 27, 2026 |
| Matthew Munn | EVP, Man. Director - Auto OEM | 10,476 | 0.01% | Feb 27, 2026 |
| Danny J. Bartel | VP, Global Consumer Sales | 225,337 | 0.12% | Feb 27, 2025 |
| Jonathan Burrell | Director | 6,086,885 | 3.16% | Aug 19, 2026 |
| Catherine A. Lewis | Director | 7,945 | 0.00% | Jun 9, 2026 |
| Susan M. Ball | Director | 2,388 | 0.00% | Jun 9, 2026 |
| Joseph J. Hartnett | Director | 21,277 | 0.01% | Jun 9, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Cheng-Wei Wang General Manager - Garmin Corp. | Aug 18, 2026 | Sale | −538 | $299.17 | $160.95K | 34,417 |
| Cheng-Wei Wang General Manager - Garmin Corp. | Aug 18, 2026 | Sale | −1,390 | $296.92 | $412.72K | 38,057 |
| Cheng-Wei Wang General Manager - Garmin Corp. | Aug 18, 2026 | Sale | −281 | $301.62 | $84.76K | 30,139 |
| Cheng-Wei Wang General Manager - Garmin Corp. | Aug 18, 2026 | Sale | −2,260 | $301.01 | $680.28K | 30,420 |
| Cheng-Wei Wang General Manager - Garmin Corp. | Aug 18, 2026 | Sale | −1,737 | $300.14 | $521.34K | 32,680 |
| Cheng-Wei Wang General Manager - Garmin Corp. | Aug 18, 2026 | Sale | −633 | $303.36 | $192.03K | 29,506 |
| Cheng-Wei Wang General Manager - Garmin Corp. | Aug 18, 2026 | Sale | −3,102 | $297.84 | $923.90K | 34,955 |
| Jonathan Burrell Director | Aug 18, 2026 | Gift | −269,400 | – | – | 3,943,752 |
| Jonathan Burrell Director | Aug 18, 2026 | Gift | −45,600 | – | – | 1,956,700 |
| Jonathan Burrell Director | Aug 18, 2026 | Gift | +393,000 | – | – | 4,213,152 |
| Jonathan Burrell Director | Aug 18, 2026 | Gift | +89,800 | – | – | 1,738,766 |
| Jonathan Burrell Director | Aug 18, 2026 | Gift | −393,000 | – | – | 158,600 |
| Jonathan Burrell Director | Aug 17, 2026 | Gift | −41,000 | – | – | 2,002,300 |
| Jonathan Burrell Director | Aug 17, 2026 | Gift | +41,000 | – | – | 757,043 |
| Jonathan Burrell Director | Aug 17, 2026 | Gift | +253,600 | – | – | 551,600 |
| Jonathan Burrell Director | Aug 17, 2026 | Gift | −253,600 | – | – | 3,820,152 |
| Jonathan Burrell Director | Aug 10, 2026 | Gift | −90,000 | – | – | 2,043,300 |
| Jonathan Burrell Director | Aug 10, 2026 | Gift | +90,000 | – | – | 716,043 |
| Jonathan Burrell Director | Aug 10, 2026 | Gift | +298,000 | – | – | 298,000 |
| Jonathan Burrell Director | Aug 10, 2026 | Gift | −298,000 | – | – | 4,073,752 |
| Jonathan Burrell Director | Aug 4, 2026 | Gift | −408,000 | – | – | 626,043 |
| Jonathan Burrell Director | Aug 4, 2026 | Gift | +272,000 | – | – | 4,371,752 |
| Jonathan Burrell Director | Aug 4, 2026 | Gift | −272,000 | – | – | 0 |
| Jonathan Burrell Director | Aug 4, 2026 | Gift | +400,000 | – | – | 2,133,300 |
| Philip Straub EVP, Man. Director - Aviation | Aug 4, 2026 | Gift | −670 | – | – | 100,889 |
| Jonathan Burrell Director | Aug 3, 2026 | Gift | −170,000 | – | – | 4,099,752 |
| Jonathan Burrell Director | Aug 3, 2026 | Gift | +56,666 | – | – | 1,648,966 |
| Jonathan Burrell Director | Aug 3, 2026 | Gift | −50,000 | – | – | 272,000 |
| Jonathan Burrell Director | Aug 3, 2026 | Gift | +56,666 | – | – | 1,034,043 |
| Min H. Kao Executive Chairman, Director | Aug 3, 2026 | Gift | −3,090 | – | – | 6,223,003 |
| Joshua H. Maxfield VP, General Counsel | Jul 31, 2026 | Sale | −442 | $292.17 | $129.14K | 15,042 |
| Joshua H. Maxfield VP, General Counsel | Jul 31, 2026 | Sale | −438 | $291.32 | $127.60K | 15,484 |
| Joshua H. Maxfield VP, General Counsel | Jul 31, 2026 | Sale | −272 | $289.15 | $78.65K | 15,922 |
| Sean Biddlecombe Managing Director, EMEA | Jul 31, 2026 | Sale | −986 | $292.88 | $288.78K | 6,021 |
| Clifton A. Pemble President and CEO, Director | Jul 29, 2026 | Sale(10b5-1 plan) | −4,029 | $300.00 | $1.21M | 120,127 |
| Min H. Kao Executive Chairman, Director | Jun 11, 2026 | Gift | −3,385 | – | – | 11,930,602 |
| Min H. Kao Executive Chairman, Director | Jun 11, 2026 | Gift | −3,385 | – | – | 11,927,217 |
| Min H. Kao Executive Chairman, Director | Jun 11, 2026 | Gift | −4,235 | – | – | 6,226,093 |
| Jonathan Burrell Director | Jun 11, 2026 | Gift | +322,000 | – | – | 322,000 |
| Jonathan Burrell Director | Jun 11, 2026 | Gift | −322,000 | – | – | 4,269,752 |
| Joseph J. Hartnett Director | Jun 9, 2026 | Sale | −643 | $263.57 | $169.48K | 21,277 |
| Joseph J. Hartnett Director | Jun 9, 2026 | Sale | −643 | $236.09 | $151.81K | 21,277 |
| Susan M. Ball Director | Jun 6, 2026 | Tax withholding | −215 | $236.57 | $50.86K | 2,388 |
| Catherine A. Lewis Director | Jun 6, 2026 | Tax withholding | −215 | $236.57 | $50.86K | 7,945 |
| Joseph J. Hartnett Director | Jun 6, 2026 | Tax withholding | −215 | $236.57 | $50.86K | 21,920 |
| Jonathan Burrell Director | Jun 6, 2026 | Tax withholding | −215 | $236.57 | $50.86K | 9,889 |
| Susan M. Ball Director | Jun 5, 2026 | Award | +753 | – | – | 2,603 |
| Catherine A. Lewis Director | Jun 5, 2026 | Award | +753 | – | – | 8,160 |
| Joseph J. Hartnett Director | Jun 5, 2026 | Award | +753 | – | – | 22,135 |
| Douglas G. Boessen CFO and Treasurer | Jun 5, 2026 | Sale(10b5-1 plan) | −355 | $237.31 | $84.25K | 27,422 |
| Douglas G. Boessen CFO and Treasurer | Jun 5, 2026 | Sale(10b5-1 plan) | −1,288 | $238.28 | $306.90K | 26,134 |
| Douglas G. Boessen CFO and Treasurer | Jun 5, 2026 | Sale(10b5-1 plan) | −85 | $238.91 | $20.31K | 26,049 |
| Douglas G. Boessen CFO and Treasurer | Jun 5, 2026 | Sale(10b5-1 plan) | −272 | $236.59 | $64.35K | 27,777 |
| Jonathan Burrell Director | Jun 5, 2026 | Award | +753 | – | – | 10,104 |
| Jonathan Burrell Director | May 27, 2026 | Gift | −8,800 | – | – | 1,733,300 |
| Jonathan Burrell Director | May 26, 2026 | Gift | +15,600 | – | – | 1,034,043 |
| Jonathan Burrell Director | May 26, 2026 | Gift | −15,600 | – | – | 1,742,100 |
| Min H. Kao Executive Chairman, Director | May 22, 2026 | Gift | −4,166 | – | – | 11,938,153 |
| Min H. Kao Executive Chairman, Director | May 22, 2026 | Gift | −4,166 | – | – | 11,933,987 |
| Min H. Kao Executive Chairman, Director | May 22, 2026 | Gift | −2,083 | – | – | 6,230,328 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Wang Cheng-Wei Officer | Aug 18, 2026 | 9,941 | $2.98M | Aug 18, 2026 | performance stock release |
| Biddlecombe Sean Officer | Jul 31, 2026 | 986 | $288.67K | Jul 31, 2026 | performance stock release |
| Maxfield Joshua Officer | Jul 31, 2026 | 1,152 | $335.27K | Jul 31, 2026 | performance stock release |
| Clifton A. Pemble Officer, Director | Jul 29, 2026 | 4,029 | $1.21M | Jul 29, 2026 | RSU Vest |
| Hartnett Joseph Director | Jun 9, 2026 | 643 | $151.81K | Jun 9, 2026 | restricted stock release |
| Douglas G. Boessen Officer | Jun 5, 2026 | 2,000 | $478.92K | Jun 5, 2026 | RSU |
| Minard Laurie Officer | May 8, 2026 | 1,084 | $262.37K | May 8, 2026 | performance stock release |
| Link Edward Officer | Mar 10, 2026 | 1,275 | $310.54K | Mar 10, 2026 | restricted stock release |
| Lyman Susan Officer | Feb 26, 2026 | 3,805 | $956.06K | Feb 26, 2026 | performance stock release |
| Munn Matthew Officer | Feb 26, 2026 | 5,275 | $1.32M | Feb 26, 2026 | performance stock release |
| Douglas G. Boessen Officer | Feb 26, 2026 | 3,487 | $877.53K | Feb 26, 2026 | PSU |
| Clifton A. Pemble Officer, Director | Feb 26, 2026 | 19,914 | $4.99M | Feb 26, 2026 | Vesting of Performance Stock Units |
| Patrick Desbois Officer | Feb 26, 2026 | 6,694 | $1.68M | Feb 26, 2026 | RSU |
| Minard Laurie Officer | Feb 23, 2026 | 837 | $206.87K | Feb 23, 2026 | restricted stock release |
| Biddlecombe Sean Officer | Feb 20, 2026 | 1,071 | $257.83K | Feb 20, 2026 | perf. stock release |