Garmin Ltd.
US ˙ NYSE ˙ CH0114405324

SecurityGRMN / Garmin Ltd.
InstitutionAperio Group, LLC
Latest Disclosed Ownership146,054 shares
Latest Disclosed Value $ 17,476,000
Aperio Group, LLC reports 9.97% increase in ownership of GRMN / Garmin Ltd.

On February 5, 2021 - Aperio Group, LLC filed a 13F-HR form disclosing ownership of 146,054 shares of Garmin Ltd. (US:GRMN) valued at $17,476,822 USD as of December 31, 2020. The entity filed a previous 13F-HR on November 6, 2020 disclosing 132,815 shares of Garmin Ltd.. This represents a change in shares of 9.97% during the quarter. The current value of the position is $34,551,995 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)
2021-02-05 2020-12-31 13F GARMIN SHS H2906T109 146,054 13,239 9.97 17,476 38.71 0.0517
2020-11-06 2020-09-30 13F GARMIN SHS H2906T109 132,815 -2,338 -1.73 12,599 -4.39 0.0426
2020-08-13 2020-06-30 13F GARMIN SHS H2906T109 135,153 -99 -0.07 13,177 29.96 0.0487
2020-05-05 2020-03-31 13F GARMIN SHS H2906T109 135,252 -25,128 -15.67 10,139 -35.20 0.0448
2020-02-13 2019-12-31 13F GARMIN SHS H2906T109 160,380 13,500 9.19 15,646 25.78 0.0562
2019-11-06 2019-09-30 13F GARMIN SHS H2906T109 146,880 -3,414 -2.27 12,439 3.72 0.0492
2019-07-30 2019-06-30 13F GARMIN SHS H2906T109 150,294 8,325 5.86 11,993 -2.17 0.0490
2019-05-13 2019-03-31 13F GARMIN SHS H2906T109 141,969 13,248 10.29 12,259 50.42 0.0529
2019-05-06 2018-12-31 13F/A-1 GARMIN SHS H2906T109 128,721 -47,498 -26.95 8,150 -33.98 0.0411
2019-02-14 2018-12-31 13F GARMIN SHS H2906T109 128,849 -47,370 8,158
2019-05-06 2018-09-30 13F/A-1 GARMIN SHS H2906T109 176,219 89,789 103.89 12,344 134.14 0.0545
2018-10-17 2018-09-30 13F GARMIN LTD SHS COMMON H2906T109 176,219 89,789 12,344
2019-05-06 2018-06-30 13F/A-1 GARMIN SHS H2906T109 86,430 33,299 62.67 5,272 68.38 0.0252
2018-07-30 2018-06-30 13F GARMIN LTD SHS COMMON H2906T109 86,430 33,299 5,272
2019-05-01 2018-03-31 13F/A-1 GARMIN SHS H2906T109 53,131 -7,291 -12.07 3,131 -13.03 0.0156
2018-05-08 2018-03-31 13F GARMIN LTD SHS COMMON H2906T109 53,131 -7,291 3,131
2019-05-01 2017-12-31 13F/A-1 GARMIN SHS H2906T109 60,422 2,851 4.95 3,600 15.87 0.0186
2018-02-02 2017-12-31 13F GARMIN LTD SHS COMMON H2906T109 60,422 2,851 3,599
2019-05-01 2017-09-30 13F/A-1 GARMIN SHS H2906T109 57,571 2,931 5.36 3,107 11.40 0.0176
2017-10-25 2017-09-30 13F GARMIN LTD SHS COMMON H2906T109 57,571 2,931 3,107
2019-04-22 2017-06-30 13F/A-1 GARMIN SHS H2906T109 54,640 2,827 5.46 2,789 5.32 0.0171
2017-07-18 2017-06-30 13F GARMIN LTD SHS COMMON H2906T109 54,640 2,827 2,788
2019-04-22 2017-03-31 13F/A-1 GARMIN SHS H2906T109 51,813 -293 -0.56 2,648 4.79 0.0181
2017-05-05 2017-03-31 13F GARMIN LTD SHS COMMON H2906T109 51,813 -293 2,648
2019-04-22 2016-12-31 13F/A-1 GARMIN SHS H2906T109 52,106 13,465 34.85 2,527 35.93 0.0193
2017-02-14 2016-12-31 13F GARMIN LTD SHS COMMON H2906T109 52,106 13,465 2,527
2019-04-12 2016-09-30 13F/A-1 GARMIN SHS H2906T109 38,641 2,054 5.61 1,859 19.78 0.0135
2016-11-01 2016-09-30 13F GARMIN LTD SHS COMMON H2906T109 38,641 2,054 1,859
2019-04-12 2016-06-30 13F/A-1 GARMIN SHS H2906T109 36,587 9,708 36.12 1,552 44.51 0.0121
2016-08-12 2016-06-30 13F GARMIN LTD SHS COMMON H2906T109 36,587 9,708 1,552
2019-04-12 2016-03-31 13F/A-1 GARMIN SHS H2906T109 26,879 -4,625 -14.68 1,074 -8.28 0.0092
2016-04-28 2016-03-31 13F GARMIN LTD SHS COMMON H2906T109 26,879 -4,625 1,074
2016-01-21 2015-12-31 13F GARMIN LTD SHS COMMON H2906T109 31,504 -5,440 -14.72 1,171 -11.69 0.0107
2015-10-19 2015-09-30 13F GARMIN LTD SHS COMMON H2906T109 36,944 26,534 254.89 1,326 190.15 0.0135
2015-07-29 2015-06-30 13F GARMIN LTD SHS COMMON H2906T109 10,410 -1,779 -14.60 457 -21.07 0.0047
2015-04-29 2015-03-31 13F GARMIN LTD SHS COMMON H2906T109 12,189 12,189 0.00 579 0.0065
2015-01-30 2014-12-31 13F GARMIN LTD SHS COMMON H2906T109 0 -7,371 -100.00 0 -100.00
2014-10-21 2014-09-30 13F GARMIN LTD SHS COMMON H2906T109 7,371 45 0.61 383 -14.13 0.0052
2014-07-23 2014-06-30 13F GARMIN LTD SHS COMMON H2906T109 7,326 268 3.80 446 14.36 0.0065
2014-04-25 2014-03-31 13F GARMIN LTD SHS COMMON H2906T109 7,058 390 23.03 0.0055
2014-01-30 2013-12-31 13F GARMIN LTD SHS COMMON H2906T109 317 -5.09 0.0049
2013-10-24 2013-09-30 13F GARMIN LTD SHS COMMON H2906T109 7,386 1,483 25.12 334 56.07 0.0064
2013-07-19 2013-06-30 13F GARMIN LTD SHS COMMON H2906T109 5,903 5,903 214 0.0051
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.