Garmin Ltd.
US ˙ NYSE ˙ CH0114405324

SecurityGRMN / Garmin Ltd.
InstitutionMercer Global Advisors Inc /adv
Latest Disclosed Ownership51,248 shares
Latest Disclosed Value $ 11,890,042
Mercer Global Advisors Inc /adv reports 10.73% decrease in ownership of GRMN / Garmin Ltd.

On May 15, 2026 - Mercer Global Advisors Inc /adv filed a 13F-HR form disclosing ownership of 51,248 shares of Garmin Ltd. (US:GRMN) valued at $11,890,048 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 57,407 shares of Garmin Ltd.. This represents a change in shares of -10.73% during the quarter. The current value of the position is $12,123,739 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 51,248 -6,159 -10.73 11,890 2.11 0.0176
2026-02-17 2025-12-31 13F GARMIN SHS H2906T109 57,407 -11,778 -17.02 11,645 -31.64 0.0178
2025-11-14 2025-09-30 13F GARMIN SHS H2906T109 69,185 3,730 5.70 17,035 24.69 0.0284
2025-08-14 2025-06-30 13F GARMIN SHS H2906T109 65,455 3,943 6.41 13,662 2.28 0.0278
2025-05-15 2025-03-31 13F GARMIN SHS H2906T109 61,512 4,875 8.61 13,356 14.34 0.0306
2025-02-14 2024-12-31 13F GARMIN SHS H2906T109 56,637 -2,585 -4.36 11,682 14.17 0.0285
2024-11-14 2024-09-30 13F GARMIN SHS H2906T109 59,222 2,959 5.26 10,231 11.51 0.0239
2024-08-12 2024-06-30 13F GARMIN SHS H2906T109 56,263 3,280 6.19 9,175 130,971.43 0.0250
2024-05-15 2024-03-31 13F GARMIN SHS H2906T109 52,983 2,606 5.17 8 16.67 0.0224
2024-02-15 2023-12-31 13F GARMIN LTD SHS SHS H2906T109 50,377 17,587 53.64 6 100.00 0.0195
2023-11-15 2023-09-30 13F/A-1 GARMIN SHS H2906T109 32,790 -1,465 -4.28 3 0.00 0.0131
2023-11-14 2023-09-30 13F GARMIN SHS H2906T109 32,790 -1,465 3 0.0131
2023-08-14 2023-06-30 13F GARMIN SHS H2906T109 34,255 2,626 8.30 4 0.00 0.0142
2023-05-16 2023-03-31 13F GARMIN SHS H2906T109 31,629 -39,867 -55.76 3 -50.00 0.0145
2023-02-09 2022-12-31 13F GARMIN LTD SHS SHS H2906T109 71,496 624 0.88 7 -99.89 0.0330
2022-11-15 2022-09-30 13F GARMIN LTD SHS SHS H2906T109 70,872 -1,648 -2.27 5,692 -20.11 0.0338
2022-08-10 2022-06-30 13F GARMIN LTD SHS SHS H2906T109 72,520 316 0.44 7,125 -16.80 0.0436
2022-05-10 2022-03-31 13F GARMIN LTD SHS SHS H2906T109 72,204 -20,118 -21.79 8,564 -31.87 0.0504
2022-02-04 2021-12-31 13F GARMIN LTD SHS SHS H2906T109 92,322 4,583 5.22 12,571 -7.84 0.0776
2021-11-10 2021-09-30 13F GARMIN LTD SHS SHS H2906T109 87,739 5,264 6.38 13,640 14.34 0.0953
2021-08-10 2021-06-30 13F GARMIN LTD SHS SHS H2906T109 82,475 1,493 1.84 11,929 11.73 0.0917
2021-08-10 2021-03-31 13F/A-1 GARMIN LTD SHS SHS H2906T109 80,982 1,905 2.41 10,677 12.84 0.0971
2021-05-11 2021-03-31 13F GARMIN LTD SHS SHS H2906T109 80,982 1,905 10,677 0.1022
2021-02-12 2020-12-31 13F GARMIN LTD SHS SHS H2906T109 79,077 2,917 3.83 9,462 30.96 0.1182
2020-12-10 2020-09-30 13F GARMIN LTD SHS SHS H2906T109 76,160 5,183 7.30 7,225 4.41 0.1087
2020-08-10 2020-06-30 13F GARMIN SHS H2906T109 70,977 8,582 13.75 6,920 47.96 0.1256
2020-05-18 2020-03-31 13F GARMIN SHS H2906T109 62,395 15,145 32.05 4,677 1.45 0.1029
2020-02-13 2019-12-31 13F GARMIN LTD SHS COM H2906T109 47,250 -1,471 -3.02 4,610 11.73 0.0921
2019-11-12 2019-09-30 13F GARMIN LTD SHS COM H2906T109 48,721 10,261 26.68 4,126 34.44 0.0970
2019-08-14 2019-06-30 13F GARMIN LTD SHS COM H2906T109 38,460 8,548 28.58 3,069 18.82 0.0813
2019-04-23 2019-03-31 13F/A-1 GARMIN LTD SHS COM H2906T109 29,912 29,912 2,583 0.0929
2019-04-12 2019-03-31 13F GARMIN LTD SHS COM H2906T109 13,757 871 0.0464
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.