Garmin Shares Purchased by Legal & General Group

Institutional investor raises stake in navigation tech company

Mar. 12, 2026 at 10:21am

Got story updates? Submit your updates here. ›

Legal & General Group Plc, a major institutional investor, increased its stake in Garmin Ltd. (NYSE:GRMN) by 4.8% in the third quarter of 2025, according to a recent SEC filing. The fund now owns 1,180,254 shares of the scientific and technical instruments company, representing approximately 0.61% of Garmin's outstanding stock.

Why it matters

Garmin is a leading provider of GPS-enabled devices and services for consumer, automotive, aviation, and marine markets. Changes in major institutional ownership can signal broader investor sentiment and influence the company's stock price and access to capital.

The details

According to the filing, Legal & General Group acquired an additional 53,880 shares of Garmin during the third quarter, bringing its total position to 1,180,254 shares. This represents a 4.8% increase in the firm's stake in the company. Legal & General Group is one of Garmin's largest institutional shareholders, owning approximately 0.61% of the company's outstanding stock.

  • The share purchase occurred in the third quarter of 2025.

The players

Legal & General Group Plc

A major global asset management and insurance firm based in the United Kingdom.

Garmin Ltd.

An American technology company that designs and manufactures GPS-enabled devices and services for consumer, automotive, aviation, and marine markets.

Got photos? Submit your photos here. ›

The takeaway

This transaction highlights the continued institutional investor interest in Garmin as the company maintains its leadership position in the GPS technology market. The increased stake by Legal & General Group could signal broader confidence in Garmin's long-term growth prospects.