Garmin Ltd.
US ˙ NYSE ˙ CH0114405324

SecurityGRMN / Garmin Ltd.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,777,745 shares
Latest Disclosed Value $ 412,455,146
Morgan Stanley reports 6.67% increase in ownership of GRMN / Garmin Ltd.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,777,745 shares of Garmin Ltd. (US:GRMN) valued at $412,454,617 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,666,557 shares of Garmin Ltd.. This represents a change in shares of 6.67% during the quarter. The current value of the position is $430,143,180 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F GARMIN SHS H2906T109 1,777,745 111,188 6.67 412,455 22.01 0.0248
2026-05-27 2025-12-31 13F/A-1 GARMIN SHS H2906T109 1,666,557 -78,917 -4.52 338,062 -21.34 0.0202
2026-02-13 2025-12-31 13F GARMIN SHS H2906T109 1,666,557 -78,917 338,062 0.0202
2026-05-27 2025-09-30 13F/A-1 GARMIN SHS H2906T109 1,745,474 -299,484 -14.64 429,771 0.69 0.0260
2025-11-14 2025-09-30 13F GARMIN SHS H2906T109 1,745,474 -299,484 429,771 0.0260
2025-08-15 2025-06-30 13F GARMIN SHS H2906T109 2,044,958 174,010 9.30 426,824 5.07 0.0278
2025-05-15 2025-03-31 13F GARMIN SHS H2906T109 1,870,948 138,680 8.01 406,239 13.70 0.0290
2025-05-15 2024-12-31 13F/A-1 GARMIN SHS H2906T109 1,732,268 -44,685 -2.51 357,298 14.23 0.0250
2025-02-14 2024-12-31 13F GARMIN SHS H2906T109 1,732,268 -44,685 357,298 0.0250
2025-05-14 2024-09-30 13F/A-2 GARMIN SHS H2906T109 1,776,953 -24,704 -1.37 312,797 6.57 0.0227
2025-02-14 2024-09-30 13F/A-1 GARMIN SHS H2906T109 1,776,953 -24,704 312,797 0.0227
2024-11-14 2024-09-30 13F GARMIN SHS H2906T109 1,776,953 -24,704 312,797 0.0027
2025-05-14 2024-06-30 13F/A-2 GARMIN SHS H2906T109 1,801,657 -132,732 -6.86 293,526 1.93 0.0227
2024-10-17 2024-06-30 13F/A-1 GARMIN SHS H2906T109 1,801,657 -132,732 293,526 0.0227
2024-08-14 2024-06-30 13F GARMIN SHS H2906T109 1,801,657 -132,732 293,526 0.0227
2024-10-17 2024-03-31 13F/A-2 GARMIN SHS H2906T109 1,934,389 -58,651 -2.94 287,973 12.41 0.0231
2024-08-16 2024-03-31 13F/A-1 GARMIN SHS H2906T109 1,934,389 -58,651 287,973 0.0231
2024-05-15 2024-03-31 13F GARMIN SHS H2906T109 1,934,389 -58,651 287,973 0.0231
2024-08-16 2023-12-31 13F/A-1 GARMIN SHS H2906T109 1,993,040 285,287 16.71 256,186 42.60 0.0226
2024-02-13 2023-12-31 13F GARMIN SHS H2906T109 1,993,040 285,287 256,186 0.0226
2023-11-15 2023-09-30 13F GARMIN SHS H2906T109 1,707,753 -25,061 -1.45 179,656 -0.59 0.0183
2023-08-14 2023-06-30 13F GARMIN SHS H2906T109 1,732,814 74,341 4.48 180,715 7.97 0.0178
2023-05-15 2023-03-31 13F GARMIN SHS H2906T109 1,658,473 64,192 4.03 167,373 13.75 0.0179
2023-02-14 2022-12-31 13F GARMIN SHS H2906T109 1,594,281 182,957 12.96 147,136 29.81 0.0167
2022-11-14 2022-09-30 13F GARMIN SHS H2906T109 1,411,324 -62,072 -4.21 113,343 -21.70 0.0154
2022-10-27 2022-06-30 13F/A-1 GARMIN SHS H2906T109 1,473,396 699,087 90.29 144,761 57.62 0.0188
2022-08-15 2022-06-30 13F GARMIN SHS H2906T109 1,473,396 699,087 144,761 0.0038
2022-10-27 2022-03-31 13F/A-1 GARMIN SHS H2906T109 774,309 -364,020 -31.98 91,841 -40.75 0.0124
2022-05-13 2022-03-31 13F GARMIN SHS H2906T109 774,309 -364,020 91,841 0.0124
2022-02-14 2021-12-31 13F GARMIN SHS H2906T109 1,138,329 292,188 34.53 155,007 17.84 0.0191
2021-11-15 2021-09-30 13F GARMIN SHS H2906T109 846,141 7,379 0.88 131,540 8.42 0.0177
2021-08-23 2021-06-30 13F/A-1 GARMIN SHS H2906T109 838,762 291,472 53.26 121,319 68.12 0.0160
2021-08-16 2021-06-30 13F GARMIN SHS H2906T109 838,762 291,472 121,319 0.0033
2021-05-17 2021-03-31 13F GARMIN SHS H2906T109 547,290 -385,993 -41.36 72,161 -35.38 0.0106
2021-02-16 2020-12-31 13F GARMIN SHS H2906T109 933,283 375,379 67.28 111,676 111.01 0.0172
2020-11-13 2020-09-30 13F GARMIN SHS H2906T109 557,904 196,733 54.47 52,924 50.29 0.0102
2020-08-14 2020-06-30 13F GARMIN SHS H2906T109 361,171 -31,948 -8.13 35,215 19.50 0.0078
2020-05-26 2020-03-31 13F/A-1 GARMIN SHS H2906T109 393,119 -107,434 -21.46 29,468 -39.65 0.0080
2020-05-15 2020-03-31 13F GARMIN SHS H2906T109 393,119 -107,434 29,468 2,263.7567
2020-02-14 2019-12-31 13F GARMIN SHS H2906T109 500,553 17,432 3.61 48,832 19.35 0.0114
2019-11-14 2019-09-30 13F GARMIN SHS H2906T109 483,121 45,557 10.41 40,915 17.18 0.0108
2019-08-14 2019-06-30 13F GARMIN SHS H2906T109 437,564 -260,261 -37.30 34,916 -42.06 0.0093
2019-05-15 2019-03-31 13F GARMIN SHS H2906T109 697,825 218,024 45.44 60,258 98.34 0.0171
2019-02-14 2018-12-31 13F GARMIN SHS H2906T109 479,801 -138,478 -22.40 30,381 -29.85 0.0091
2019-04-23 2018-09-30 13F/A-2 GARMIN SHS H2906T109 618,279 350,248 130.67 43,310 164.91 0.0108
2018-11-20 2018-09-30 13F/A-1 GARMIN SHS H2906T109 618,279 0 43,310 0.0108
2018-11-14 2018-09-30 13F GARMIN SHS H2906T109 618,279 350,248 43,310
2019-04-23 2018-06-30 13F/A-1 GARMIN SHS H2906T109 268,031 -18,025 -6.30 16,349 -3.01 0.0044
2018-08-14 2018-06-30 13F GARMIN SHS H2906T109 268,031 -18,025 16,349
2019-04-23 2018-03-31 13F/A-1 GARMIN SHS H2906T109 286,056 -204,045 -41.63 16,856 -42.27 0.0047
2018-05-14 2018-03-31 13F GARMIN SHS H2906T109 286,056 -204,045 16,856
2019-04-23 2017-12-31 13F/A-1 GARMIN SHS H2906T109 490,101 31,965 6.98 29,196 18.08 0.0080
2018-02-14 2017-12-31 13F GARMIN SHS H2906T109 490,101 31,965 29,196
2017-11-14 2017-09-30 13F GARMIN SHS H2906T109 458,136 133,825 41.26 24,725 49.40 0.0074
2017-08-11 2017-06-30 13F GARMIN SHS H2906T109 324,311 14,088 4.54 16,550 4.39 0.0050
2017-05-22 2017-03-31 13F/A-1 GARMIN SHS H2906T109 310,223 31,501 11.30 15,854 17.31 0.0049
2017-05-12 2017-03-31 13F GARMIN SHS H2906T109 310,223 15,854
2017-02-22 2016-12-31 13F/A-1 GARMIN SHS H2906T109 278,722 40,505 17.00 13,515 17.92 0.0044
2017-02-13 2016-12-31 13F GARMIN SHS H2906T109 278,722 13,515
2016-11-10 2016-09-30 13F GARMIN SHS H2906T109 238,217 18,719 8.53 11,461 23.08 0.0039
2016-08-12 2016-06-30 13F GARMIN SHS H2906T109 219,498 7,861 3.71 9,312 10.11 0.0034
2016-05-12 2016-03-31 13F GARMIN SHS H2906T109 211,637 25,956 13.98 8,457 22.53 0.0033
2016-02-09 2015-12-31 13F GARMIN SHS H2906T109 185,681 -219,169 -54.14 6,902 -52.49 0.0025
2016-02-08 2015-09-30 13F/A-1 GARMIN SHS H2906T109 404,850 -7,587 -1.84 14,526 -19.83 0.0054
2015-11-09 2015-09-30 13F GARMIN SHS H2906T109 404,850 14,526
2015-08-12 2015-06-30 13F GARMIN SHS H2906T109 412,437 214,175 108.03 18,118 92.32 0.0063
2015-05-14 2015-03-31 13F GARMIN SHS H2906T109 198,262 -86,976 -30.49 9,421 -37.49 0.0035
2015-02-13 2014-12-31 13F GARMIN SHS H2906T109 285,238 33,427 13.27 15,070 15.11 0.0055
2014-12-16 2014-09-30 13F/A-1 GARMIN SHS H2906T109 251,811 -22,579 -8.23 13,092 -21.65 0.0050
2014-11-14 2014-09-30 13F GARMIN SHS H2906T109 251,811 13,092
2014-08-12 2014-06-30 13F GARMIN SHS H2906T109 274,390 -131,528 -32.40 16,709 -25.51 0.0286
2014-05-13 2014-03-31 13F GARMIN SHS H2906T109 405,918 -129,507 -24.19 22,432 -9.30 0.0094
2014-02-13 2013-12-31 13F GARMIN SHS H2906T109 535,425 180,277 50.76 24,731 54.10 0.0105
2013-11-13 2013-09-30 13F GARMIN SCHAFFHAUSEN C COM H2906T109 355,148 -4,548 -1.26 16,049 23.35 0.0076
2013-08-08 2013-06-30 13F GARMIN SCHAFFHAUSEN C COM H2906T109 359,696 359,696 13,011 0.0066
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.