Danaos Corp
24 hedge funds and large institutions have $12.2M invested in Danaos Corp in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 11 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
0.27% less ownership
Funds ownership: 0.48% → 0.21% (-0.27%)
11% less funds holding
Funds holding: 27 → 24 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
73% less capital invested
Capital invested by funds: $44.3M → $12.2M (-$32.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$602K |
| 2 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$275K |
| 3 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
+$207K |
| 4 |
Renaissance Technologies
New York
|
+$157K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$25.4M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.25M |
| 3 |
RCM
Rotella Capital Management
Bellevue,
Washington
|
-$252K |
| 4 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
-$222K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$119K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SKK
26
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$119K | -1,423 | Closed |
|
|
CRM
27
Cramer Rosenthal McGlynn
Stamford,
Connecticut
| – | -$30K | -357 | Closed |
|
|
AFP
28
Ausdal Financial Partners
Davenport,
Iowa
| – | -$23K | -274 | Closed |
|
|
KPCM
29
Kings Point Capital Management
Great Neck,
New York
| – | -$20K | -243 | Closed |
|
30
Wells Fargo
San Francisco,
California
| – | -$7.43K | -114 | -99% |
|
|
IWMPD
31
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$6K | -71 | Closed |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$4K | -43 | Closed |
|
|
AIG
33
American International Group
New York
| – | -$2K | -26 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$1K | -8 | Closed |
|
35
Barclays
London,
United Kingdom
| – | +$326 | +5 | New |
|
DAC Hedge Fund Activity: Q1 2016 in Review
24 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Danaos Corp (DAC) for Q1 2016, worth a combined $12.2M — down 73% from $44.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of DAC and 8 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 10 added.
The largest buyer was Neuberger Berman Group, adding an estimated $602K. The largest seller was Northern Trust, exiting entirely with an estimated $25.4M sold.
- 24 institutional investors held Danaos Corp (DAC) as of Q1 2016, down from 27 in Q4 2015.
- Funds reported $12.2M of Danaos Corp stock for Q1 2016, down 73% quarter-over-quarter.
- 8 funds opened new Danaos Corp positions in Q1 2016 and 11 closed out, a net change of -3 holders.
- The largest Danaos Corp buyer in Q1 2016 was Neuberger Berman Group, an estimated $602K added.
- The largest Danaos Corp seller in Q1 2016 was Northern Trust, an estimated $25.4M sold.
Based on aggregated 13F filings for Q1 2016.