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Danaos Corp
DAC

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
77
Holders Change
+37
Holders Change %
+92.5%
% of All Funds
1.35%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.11%
New
46
Increased
14
Reduced
12
Closed
9
Calls
$22.6M
Puts
$12.3M
Net Calls
+$10.4M
Net Calls Change
+$9.3M

Top Buyers

Rank Fund Capital Flow
1
IAM
Impala Asset Management
Florida
+$21.2M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$4.76M
3
HAI
Hennessy Advisors Inc
California
+$4.07M
4
DWA
Dorsey Wright & Associates
California
+$3.99M
5
Renaissance Technologies
Renaissance Technologies
New York
+$2.27M

Top Sellers

Rank Fund Capital Flow
1
NSGL
No Street GP LP
California
-$24.4M
2
PCM
Portolan Capital Management
Massachusetts
-$16.1M
3
GC
Gratia Capital
California
-$5.71M
4
Morgan Stanley
Morgan Stanley
New York
-$5.57M
5
Millennium Management
Millennium Management
New York
-$4.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
76
MYDA Advisors
New York
– -$1.53M -71,500 Closed
QC
77
Quadrature Capital
United Kingdom
– -$1.05M -49,064 Closed
MS
78
Maven Securities
Jersey
– -$857K -40,000 Closed
PCM
79
Prelude Capital Management
New York
– -$527K -24,600 Closed
CAAS
80
Capital Asset Advisory Services
Michigan
– -$53K -2,458 Closed
HIM
81
Hillsdale Investment Management
Ontario, Canada
– -$49K -2,300 Closed
PS
82
Planned Solutions
California
– -$11K -500 Closed
VFA
83
Valeo Financial Advisors
Indiana
– -$1K -35 Closed
HI
84
Harbour Investments
Wisconsin
– +$374 +10 New
1 2 3
4

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.