Garmin Ltd.
US ˙ NYSE ˙ CH0114405324

SecurityGRMN / Garmin Ltd.
InstitutionKBC Group NV
Latest Disclosed Ownership552,250 shares
Latest Disclosed Value $ 128,127
KBC Group NV reports 1.61% decrease in ownership of GRMN / Garmin Ltd.

On May 7, 2026 - KBC Group NV filed a 13F-HR form disclosing ownership of 552,250 shares of Garmin Ltd. (US:GRMN) valued at $128,127,522 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 561,291 shares of Garmin Ltd.. This represents a change in shares of -1.61% during the quarter. The current value of the position is $131,402,365 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)
2026-05-07 2026-03-31 13F GARMIN SHS H2906T109 552,250 -9,041 -1.61 128 13.27 0.1653
2026-01-26 2025-12-31 13F GARMIN SHS H2906T109 561,291 298,462 113.56 114 76.56 0.2596
2026-01-20 2025-09-30 13F GARMIN SHS H2906T109 262,829 59,955 29.55 65 52.38 0.1552
2025-08-08 2025-06-30 13F GARMIN SHS H2906T109 202,874 175,582 643.35 42 740.00 0.1144
2025-04-25 2025-03-31 13F GARMIN SHS H2906T109 27,292 -13,883 -33.72 6 -37.50 0.0184
2025-01-22 2024-12-31 13F GARMIN SHS H2906T109 41,175 -162,538 -79.79 8 -77.14 0.0234
2024-11-06 2024-09-30 13F GARMIN SHS H2906T109 203,713 172,883 560.76 36 600.00 0.1083
2024-07-17 2024-06-30 13F GARMIN SHS H2906T109 30,830 -3,088 -9.10 5 0.00 0.0152
2024-05-08 2024-03-31 13F GARMIN SHS H2906T109 33,918 -3,176 -8.56 5 25.00 0.0160
2024-02-13 2023-12-31 13F GARMIN SHS H2906T109 37,094 -4,353 -10.50 5 0.00 0.0169
2024-02-15 2023-09-30 13F/A-1 GARMIN SHS H2906T109 41,447 -3,901 -8.60 4 0.00 0.0178
2023-11-22 2023-09-30 13F GARMIN SHS H2906T109 45,348 0 5 0.0197
2024-02-15 2023-06-30 13F/A-1 GARMIN SHS H2906T109 45,348 -10,578 -18.91 5 -20.00 0.0195
2023-07-28 2023-06-30 13F GARMIN SHS H2906T109 45,348 -10,578 5 0.0197
2024-02-14 2023-03-31 13F/A-1 GARMIN SHS H2906T109 55,926 -1,090 -1.91 6 0.00 0.0240
2023-05-04 2023-03-31 13F GARMIN SHS H2906T109 55,926 8,872 6 0.0266
2024-02-14 2022-12-31 13F/A-1 GARMIN SHS H2906T109 57,016 9,962 21.17 5 66.67 0.0255
2023-02-13 2022-12-31 13F GARMIN SHS H2906T109 47,054 0 4 0.0000
2024-02-15 2022-09-30 13F/A-1 GARMIN SHS H2906T109 47,054 -7,239 -13.33 4 -40.00 0.0196
2022-11-08 2022-09-30 13F GARMIN SHS H2906T109 47,054 -7,239 3,779 0.0198
2024-02-14 2022-06-30 13F/A-1 GARMIN SHS H2906T109 54,293 -11,862 -17.93 5 -28.57 0.0266
2022-07-26 2022-06-30 13F GARMIN SHS H2906T109 54,129 -12,026 5,318 0.0268
2024-02-14 2022-03-31 13F/A-1 GARMIN SHS H2906T109 66,155 13,854 26.49 8 0.00 0.0310
2022-05-06 2022-03-31 13F GARMIN SHS H2906T109 66,155 13,854 7,847 0.0290
2024-02-14 2021-12-31 13F/A-1 GARMIN SHS H2906T109 52,301 -10,469 -16.68 7 -99.93 0.0235
2022-02-03 2021-12-31 13F GARMIN SHS H2906T109 52,301 -10,469 7,122 0.0223
2021-11-10 2021-09-30 13F GARMIN SHS H2906T109 62,770 16,211 34.82 9,758 44.91 0.0358
2022-02-15 2021-06-30 13F/A-1 GARMIN SHS H2906T109 46,559 -27 -0.06 6,734 9.64 0.0243
2021-08-11 2021-06-30 13F GARMIN SHS H2906T109 46,559 -27 6,734 0.0243
2022-02-14 2021-03-31 13F/A-1 GARMIN SHS H2906T109 46,586 0 0.00 6,142 -88.98 0.0249
2021-04-26 2021-03-31 13F GARMIN SHS H2906T109 46,586 0 6,142 0.0249
2022-02-14 2020-12-31 13F/A-1 GARMIN SHS H2906T109 46,586 14,813 46.62 55,745 1,749.54 0.0262
2021-02-10 2020-12-31 13F GARMIN SHS H2906T109 46,586 14,813 5,574 0.0257
2022-02-14 2020-09-30 13F/A-1 GARMIN SHS H2906T109 31,773 -674 -2.08 3,014 -4.74 0.0178
2020-10-28 2020-09-30 13F GARMIN SHS H2906T109 31,773 -674 3,014 0.0178
2022-02-14 2020-06-30 13F/A-1 GARMIN SHS H2906T109 32,447 12,574 63.27 3,164 112.35 0.0209
2020-08-10 2020-06-30 13F GARMIN SHS H2906T109 32,447 12,574 3,164 0.0212
2020-05-04 2020-03-31 13F GARMIN SHS H2906T109 19,873 7,566 61.48 1,490 24.06 0.0125
2020-02-11 2019-12-31 13F GARMIN SHS H2906T109 12,307 -2,043 -14.24 1,201 -1.15 0.0076
2019-11-07 2019-09-30 13F GARMIN SHS H2906T109 14,350 3,706 34.82 1,215 43.11 0.0089
2019-08-08 2019-06-30 13F/A-1 GARMIN SHS H2906T109 10,644 -294 -2.69 849 -10.06 0.0066
2019-07-30 2019-06-30 13F GARMIN SHS H2906T109 10,644 -294 849
2019-08-07 2019-03-31 13F/A-1 GARMIN SHS H2906T109 10,938 -1,301 -10.63 944 21.81 0.0078
2019-05-10 2019-03-31 13F GARMIN SHS H2906T109 10,938 -1,301 944
2019-01-31 2018-12-31 13F GARMIN SHS H2906T109 12,239 0 0.00 775 -9.57 0.0086
2018-11-14 2018-09-30 13F GARMIN SHS H2906T109 12,239 -2,154 -14.97 857 -2.39 0.0065
2018-08-03 2018-06-30 13F GARMIN SHS H2906T109 14,393 0 0.00 878 3.54 0.0076
2018-08-03 2018-03-31 13F/A-1 GARMIN SHS H2906T109 14,393 0 0.00 848 -1.05 0.0078
2018-05-09 2018-03-31 13F GARMIN SHS H2906T109 14,393 0 848
2018-08-03 2017-12-31 13F/A-1 GARMIN SHS H2906T109 14,393 -2,647 -15.53 857 -6.75 0.0073
2018-02-07 2017-12-31 13F GARMIN SHS H2906T109 14,393 -2,647 857
2017-11-13 2017-09-30 13F GARMIN SHS H2906T109 17,040 -209 -1.21 919 4.31 0.0083
2017-08-04 2017-06-30 13F GARMIN SHS H2906T109 17,249 -33,562 -66.05 881 -66.08 0.0085
2017-05-10 2017-03-31 13F GARMIN SHS H2906T109 50,811 41,859 467.59 2,597 498.39 0.0234
2017-02-16 2016-12-31 13F GARMIN SHS H2906T109 8,952 2,133 31.28 434 32.32 0.0043
2016-11-03 2016-09-30 13F GARMIN SHS H2906T109 6,819 0 0.00 328 13.49 0.0039
2016-08-03 2016-06-30 13F GARMIN SHS H2906T109 6,819 0 0.00 289 5.86 0.0041
2016-05-11 2016-03-31 13F GARMIN SHS H2906T109 6,819 0 0.00 273 7.91 0.0045
2016-02-11 2015-12-31 13F GARMIN SHS H2906T109 6,819 -2,686 -28.26 253 -25.81 0.0047
2015-11-12 2015-09-30 13F GARMIN SHS H2906T109 9,505 0 0.00 341 -18.23 0.0069
2015-12-16 2015-06-30 13F/A-1 GARMIN SHS H2906T109 9,505 -5,319 -35.88 417 -40.77 0.0054
2015-07-31 2015-06-30 13F GARMIN SHS H2906T109 9,505 417
2015-12-16 2015-03-31 13F/A-1 GARMIN SHS H2906T109 14,824 -11,232 -43.11 704 -48.87 0.0089
2015-04-30 2015-03-31 13F GARMIN SHS H2906T109 14,824 704
2015-12-15 2014-12-31 13F/A-1 GARMIN SHS H2906T109 26,056 20,473 366.70 1,377 374.83 0.0164
2015-02-12 2014-12-31 13F GARMIN SHS H2906T109 26,056 1,377
2014-10-16 2014-09-30 13F GARMIN SHS H2906T109 5,583 -66,609 -92.27 290 -93.40 0.0101
2014-08-01 2014-06-30 13F GARMIN SHS H2906T109 72,192 47,791 195.86 4,396 226.11 0.0502
2014-04-30 2014-03-31 13F GARMIN SHS H2906T109 24,401 -415 -1.67 1,348 17.52 0.0213
2014-01-21 2013-12-31 13F GARMIN SHS H2906T109 24,816 -3,469 -12.26 1,147 -10.25 0.0174
2013-11-06 2013-09-30 13F GARMIN SHS H2906T109 28,285 -17,093 -37.67 1,278 -22.17 0.0206
2013-07-29 2013-06-30 13F GARMIN SHS H2906T109 45,378 45,378 1,642 0.0305
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.