Danaos Corp
77 hedge funds and large institutions have $240M invested in Danaos Corp in 2021 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 9 closing their positions.
411% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 9
98% more capital invested
Capital invested by funds: $121M → $240M (+$119M)
93% more funds holding
Funds holding: 40 → 77 (+37)
85% more call options, than puts
Call options by funds: $22.6M | Put options by funds: $12.3M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
3.6% less ownership
Funds ownership: 27.69% → 24.09% (-3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$21.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.76M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$4.07M |
| 4 |
DWA
Dorsey Wright & Associates
Pasadena,
California
|
+$3.99M |
| 5 |
Renaissance Technologies
New York
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSGL
No Street GP LP
San Francisco,
California
|
-$24.4M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$16.1M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$5.71M |
| 4 |
Morgan Stanley
New York
|
-$5.57M |
| 5 |
Millennium Management
New York
|
-$4.88M |
DAC Hedge Fund Activity: Q1 2021 in Review
77 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Danaos Corp (DAC) for Q1 2021, worth a combined $240M — up 98% from $121M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new DAC positions and 9 closed out — a net gain of 37 holders — while 14 added to existing stakes and 12 trimmed.
The largest buyer was Impala Asset Management, adding an estimated $21.2M. The largest seller was No Street GP LP, cutting an estimated $24.4M.
- 77 institutional investors held Danaos Corp (DAC) as of Q1 2021, up from 40 in Q4 2020.
- Funds reported $240M of Danaos Corp stock for Q1 2021, up 98% quarter-over-quarter.
- 46 funds opened new Danaos Corp positions in Q1 2021 and 9 closed out, a net change of +37 holders.
- The largest Danaos Corp buyer in Q1 2021 was Impala Asset Management, an estimated $21.2M added.
- The largest Danaos Corp seller in Q1 2021 was No Street GP LP, an estimated $24.4M sold.
Based on aggregated 13F filings for Q1 2021.