Garmin Ltd (GRMN) shareholders
GRMNNYSESearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 26
Financials through Q3 FY2026, quarter ended Sep 26, 2026Last filing: 10-Q on Oct 28, 2026Score 22/3011% above fair value
$283.03−3.15 (-1.10%)
Close on Nov 13, 2026Market cap $54.54BP/E 27.2Yield –
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 |
|---|---|---|---|---|
| Kao Min H Joint filing with Kao Yu-Fan C (9.70%) | 18,667,740 | 9.70% | 13G (passive) amendment | Jun 30, 2026 |
| Kao Yu-Fan C Joint filing with Kao Min H (9.70%) | 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 |
| Jonathan Burrell | 9,770,665 | 5.07% | 13G (passive) amendment | Jun 30, 2025 |
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 | 5.56% | $2.54B | +82,071 | 0.05% |
| Vanguard Portfolio Management LLC | 8,066,044 | 4.19% | $1.92B | +195,583 | 0.09% |
| State Street Corp | 7,064,598 | 3.67% | $1.68B | +212,499 | 0.05% |
| Artisan Partners Limited Partnership | 5,292,605 | 2.75% | $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 | 0.99% | $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 | 56.4% | 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 | 57.4% | 83 / 305 | 287 / 72 | 22M | 5M |
| Q2 2024 | 814 | 108M | 56.1% | 107 / 311 | 276 / 40 | 5M | 10M |
| Q1 2024 | 753 | 113M | 58.6% | 94 / 269 | 277 / 67 | 12M | 6M |
| Q4 2023 | 735 | 107M | 55.5% | 134 / 231 | 273 / 49 | 10M | 6M |
| Q3 2023 | 659 | 103M | 53.3% | 60 / 260 | 222 / 62 | 7M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
257 funds held GRMN in Q2 2026, 86% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| 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 | 19,790,574 | 10.27% | Nov 12, 2026 |
| Clifton A. Pemble | President and CEO, Director | 120,382 | 0.06% | Jul 31, 2026 |
| Joshua H. Maxfield | VP, General Counsel | 15,573 | 0.01% | Nov 6, 2026 |
| Bradley C. Trenkle | co-COO | 47,455 | 0.02% | Nov 3, 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 |
| 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 |
| Susan Lyman | VP, Consumer Sales & Marketing | 7,523 | 0.00% | Feb 27, 2026 |
| Patrick Desbois | co-COO | 58,540 | 0.03% | 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 | 5,108,162 | 2.65% | Nov 10, 2026 |
| Susan M. Ball | Director | 2,388 | 0.00% | Jun 9, 2026 |
| Catherine A. Lewis | Director | 7,945 | 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 |
|---|---|---|---|---|---|---|
| Min H. Kao Executive Chairman, Director | Nov 11, 2026 | Gift | −4,075 | – | – | 6,218,928 |
| Jonathan Burrell Director | Nov 9, 2026 | Gift | +69,000 | – | – | 826,043 |
| Jonathan Burrell Director | Nov 9, 2026 | Gift | +66,000 | – | – | 224,600 |
| Jonathan Burrell Director | Nov 9, 2026 | Gift | −66,000 | – | – | 3,877,752 |
| Jonathan Burrell Director | Nov 9, 2026 | Gift | −69,000 | – | – | 1,887,700 |
| Joshua H. Maxfield VP, General Counsel | Nov 5, 2026 | Gift | −5 | – | – | 15,037 |
| Bradley C. Trenkle co-COO | Nov 3, 2026 | Gift | −497 | – | – | 47,455 |
| 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 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
1.96%
3M shares short
Days to cover
3.2
At 1M shares a day
Change since last report
-6.4%
From 3M shares
Short volume, 20 days
66.0%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Garmin's stock actually held short. Settlement fails (shares not delivered on time) peaked at 2,999 shares on Sep 10, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Cheng-Wei Wang Officer | Aug 18, 2026 | 9,941 | $2.98M | Aug 18, 2026 | performance stock release |
| Sean Biddlecombe Officer | Jul 31, 2026 | 986 | $288.67K | Jul 31, 2026 | performance stock release |
| Joshua H. Maxfield 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 |
| Joseph J. Hartnett 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 |
| Laurie A. Minard Officer | May 8, 2026 | 1,084 | $262.37K | May 8, 2026 | performance stock release |
| Edward J. Link Officer | Mar 10, 2026 | 1,275 | $310.54K | Mar 10, 2026 | restricted stock release |
| Susan Lyman Officer | Feb 26, 2026 | 3,805 | $956.06K | Feb 26, 2026 | performance stock release |
| Matthew Munn 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 |
| Laurie A. Minard Officer | Feb 23, 2026 | 837 | $206.87K | Feb 23, 2026 | restricted stock release |
| Sean Biddlecombe Officer | Feb 20, 2026 | 1,071 | $257.83K | Feb 20, 2026 | perf. stock release |
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