Garmin Ltd.
US ˙ NYSE ˙ CH0114405324

SecurityGRMN / Garmin Ltd.
InstitutionStifel Financial Corp
Latest Disclosed Ownership31,150 shares
Latest Disclosed Value $ 7,228,017
Stifel Financial Corp reports 12.82% increase in ownership of GRMN / Garmin Ltd.

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 31,150 shares of Garmin Ltd. (US:GRMN) valued at $7,227,112 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 27,610 shares of Garmin Ltd.. This represents a change in shares of 12.82% during the quarter. The current value of the position is $7,537,054 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)
2026-05-12 2026-03-31 13F GARMIN SHS H2906T109 31,150 3,540 12.82 7,228 29.05 0.0066
2026-02-13 2025-12-31 13F GARMIN SHS H2906T109 27,610 199 0.73 5,602 -17.03 0.0050
2025-11-12 2025-09-30 13F GARMIN SHS H2906T109 27,411 276 1.02 6,751 19.17 0.0062
2025-08-14 2025-06-30 13F GARMIN SHS H2906T109 27,135 -3,339 -10.96 5,665 -14.40 0.0055
2025-05-14 2025-03-31 13F GARMIN SHS H2906T109 30,474 1,201 4.10 6,618 9.61 0.0070
2025-02-13 2024-12-31 13F GARMIN SHS H2906T109 29,273 -7,114 -19.55 6,039 -5.73 0.0063
2024-11-14 2024-09-30 13F GARMIN SHS H2906T109 36,387 5,989 19.70 6,406 29.32 0.0067
2024-08-13 2024-06-30 13F GARMIN SHS H2906T109 30,398 2,127 7.52 4,953 17.68 0.0056
2024-05-14 2024-03-31 13F GARMIN SHS H2906T109 28,271 1,253 4.64 4,209 21.19 0.0048
2024-02-12 2023-12-31 13F GARMIN SHS H2906T109 27,018 4,564 20.33 3,473 47.04 0.0044
2023-11-13 2023-09-30 13F GARMIN SHS H2906T109 22,454 -5,924 -20.88 2,363 -20.18 0.0033
2023-08-14 2023-06-30 13F GARMIN SHS H2906T109 28,378 -787 -2.70 2,960 0.54 0.0041
2023-05-12 2023-03-31 13F GARMIN SHS H2906T109 29,165 4,594 18.70 2,943 29.82 0.0042
2023-02-13 2022-12-31 13F GARMIN SHS H2906T109 24,571 13,977 131.93 2,268 166.39 0.0034
2022-11-14 2022-09-30 13F GARMIN SHS H2906T109 10,594 -8,269 -43.84 851 -54.10 0.0014
2022-08-15 2022-06-30 13F GARMIN SHS H2906T109 18,863 -1,991 -9.55 1,854 -25.06 0.0029
2022-05-13 2022-03-31 13F GARMIN SHS H2906T109 20,854 -14,548 -41.09 2,474 -48.69 0.0034
2022-02-14 2021-12-31 13F GARMIN SHS H2906T109 35,402 -3,262 -8.44 4,822 -19.81 0.0064
2021-11-15 2021-09-30 13F GARMIN SHS H2906T109 38,664 9,122 30.88 6,013 40.72 0.0088
2021-08-13 2021-06-30 13F GARMIN SHS H2906T109 29,542 897 3.13 4,273 13.13 0.0064
2021-05-14 2021-03-31 13F GARMIN SHS H2906T109 28,645 6,452 29.07 3,777 42.26 0.0062
2021-02-12 2020-12-31 13F GARMIN SHS H2906T109 22,193 -14,286 -39.16 2,655 -23.27 0.0047
2020-11-16 2020-09-30 13F GARMIN SHS H2906T109 36,479 19,900 120.03 3,460 113.98 0.0071
2020-08-14 2020-06-30 13F GARMIN SHS H2906T109 16,579 7,753 87.84 1,617 144.26 0.0037
2020-05-14 2020-03-31 13F GARMIN SHS H2906T109 8,826 -60,240 -87.22 662 -90.18 0.0018
2020-02-13 2019-12-31 13F GARMIN SHS H2906T109 69,066 61,978 874.41 6,740 1,030.87 0.0140
2019-11-19 2019-09-30 13F/A-1 GARMIN SHS H2906T109 7,088 -61,993 -89.74 596 -89.19 0.0015
2019-11-13 2019-09-30 13F GARMIN SHS H2906T109 7,088 -61,993 596 334.0879
2019-08-14 2019-06-30 13F GARMIN SHS H2906T109 69,081 62,045 881.82 5,513 805.25 0.0142
2019-05-14 2019-03-31 13F GARMIN SHS H2906T109 7,036 -82,321 -92.13 609 -89.21 0.0017
2019-02-13 2018-12-31 13F GARMIN SHS H2906T109 89,357 -4,909 -5.21 5,644 -14.60 0.0182
2018-11-13 2018-09-30 13F GARMIN SHS H2906T109 94,266 222 0.24 6,609 15.60 0.0189
2018-08-14 2018-06-30 13F GARMIN SHS H2906T109 94,044 3,357 3.70 5,717 6.62 0.0175
2018-05-11 2018-03-31 13F GARMIN SHS H2906T109 90,687 -2,211 -2.38 5,362 -3.21 0.0169
2018-02-14 2017-12-31 13F GARMIN SHS H2906T109 92,898 -5,022 -5.13 5,540 5.10 0.0176
2017-11-13 2017-09-30 13F GARMIN SHS H2906T109 97,920 6,967 7.66 5,271 13.65 0.0183
2017-08-14 2017-06-30 13F GARMIN SHS H2906T109 90,953 769 0.85 4,638 0.72 0.0172
2017-05-10 2017-03-31 13F GARMIN SHS H2906T109 90,184 61 0.07 4,605 5.07 0.0178
2017-02-16 2016-12-31 13F GARMIN SHS H2906T109 90,123 -242 -0.27 4,383 0.62 0.0186
2016-11-15 2016-09-30 13F GARMIN SHS H2906T109 90,365 -3,502 -3.73 4,356 9.39 0.0196
2016-08-17 2016-06-30 13F GARMIN SHS H2906T109 93,867 -8,142 -7.98 3,982 -2.31 0.0184
2016-05-16 2016-03-31 13F GARMIN SHS H2906T109 102,009 -1,316 -1.27 4,076 6.15 0.0217
2016-03-21 2015-12-31 13F/A-2 GARMIN SHS H2906T109 103,325 63,466 159.23 3,840 168.53 0.0200
2016-02-26 2015-12-31 13F/A-1 GARMIN SHS H2906T109 103,325 0 3,840 0.0201
2016-02-16 2015-12-31 13F GARMIN SHS H2906T109 102,920 3,825
2015-11-16 2015-09-30 13F GARMIN SHS H2906T109 39,859 -241,124 -85.81 1,430 -88.41 0.0080
2015-08-17 2015-06-30 13F/A-1 GARMIN SHS H2906T109 280,983 45,662 19.40 12,342 10.37 0.0638
2015-08-17 2015-06-30 13F GARMIN SHS H2906T109 280,983 12,342
2015-05-14 2015-03-31 13F GARMIN SHS H2906T109 235,321 30,218 14.73 11,182 3.20 0.0612
2015-02-13 2014-12-31 13F GARMIN SHS H2906T109 205,103 57,333 38.80 10,835 41.04 0.0602
2014-11-13 2014-09-30 13F GARMIN SHS H2906T109 147,770 46,573 46.02 7,682 24.67 0.0674
2014-08-14 2014-06-30 13F GARMIN SHS H2906T109 101,197 101,197 6,162 0.0553
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.