Danaos Corp
23 hedge funds and large institutions have $26.8M invested in Danaos Corp in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 8 closing their positions.
1,890% more call options, than puts
Call options by funds: $398K | Put options by funds: $20K
0% more funds holding
Funds holding: 23 → 23 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
0.11% less ownership
Funds ownership: 27.14% → 27.03% (-0.11%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
56% less capital invested
Capital invested by funds: $60.7M → $26.8M (-$33.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lonestar Capital Management
San Francisco,
California
|
+$3.78M |
| 2 |
NSGL
No Street GP LP
San Francisco,
California
|
+$1.13M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$197K |
| 4 |
Goldman Sachs
New York
|
+$104K |
| 5 |
PP
PDT Partners
New York
|
+$86K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Gratia Capital
Los Angeles,
California
|
-$2.07M |
| 2 |
JC
JBF Capital
Aspen,
Colorado
|
-$677K |
| 3 |
RC
RBF Capital
San Francisco,
California
|
-$585K |
| 4 |
MA
MYDA Advisors
Woodmere,
New York
|
-$506K |
| 5 |
Millennium Management
New York
|
-$449K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWNA
26
Marshall Wace North America
New York
| – | -$140K | -15,247 | Closed |
|
27
Marshall Wace
London,
United Kingdom
| – | -$132K | -14,359 | Closed |
|
|
FIA
28
FNY Investment Advisers
New York
| – | -$105K | -11,488 | Closed |
|
29
BlackRock
New York
| – | -$26.7K | -4,366 | -100% |
|
30
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$32K | -3,594 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$422 | +69 | New |
|
DAC Hedge Fund Activity: Q1 2020 in Review
23 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Danaos Corp (DAC) for Q1 2020, worth a combined $26.8M — down 56% from $60.7M a quarter earlier.
Fund positioning in DAC was balanced in Q1 2020: 8 funds opened new positions, 8 closed out, 4 added to existing stakes and 9 trimmed.
The largest buyer was Lonestar Capital Management, opening a new position worth an estimated $3.78M. The largest seller was Gratia Capital, exiting entirely with an estimated $2.07M sold.
- 23 institutional investors held Danaos Corp (DAC) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $26.8M of Danaos Corp stock for Q1 2020, down 56% quarter-over-quarter.
- 8 funds opened new Danaos Corp positions in Q1 2020 and 8 closed out, a net change of 0 holders.
- The largest Danaos Corp buyer in Q1 2020 was Lonestar Capital Management, an estimated $3.78M added.
- The largest Danaos Corp seller in Q1 2020 was Gratia Capital, an estimated $2.07M sold.
Based on aggregated 13F filings for Q1 2020.