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Danaos Corp
DAC

17 hedge funds and large institutions have $24.9M invested in Danaos Corp in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 4

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

6% more funds holding

Funds holding: 16 → 17 (+1)

0.01% more ownership

Funds ownership: 0.39% → 0.41% (+0.01%)

6% less capital invested

Capital invested by funds: $26.4M → $24.9M (-$1.49M)

Holders
17
Holders Change
+1
Holders Change %
+6.25%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
7
Reduced
4
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$824K
2
Renaissance Technologies
Renaissance Technologies
New York
+$46.6K
3
SIM
Spark Investment Management
New York
+$46.6K
4
PCM
Prelude Capital Management
New York
+$30.8K
5
U
UBS
Switzerland
+$25.9K

Top Sellers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
-$69.4K
2
WAM
World Asset Management
Michigan
-$51K
3
Deutsche Bank
Deutsche Bank
Germany
-$18K
4
Barclays
Barclays
United Kingdom
-$4K
5
TRCT
Tower Research Capital (TRC)
New York
-$3K
Name Holding Trade Value Shares
Change 		Change in
Stake
DRZID
1
DePrince Race & Zollo Inc (DRZ)
Florida
$16.5M +$824K +13,250 +5%
Neuberger Berman Group
2
Neuberger Berman Group
New York
$6.66M -$69.4K -1,116 -0.9%
Bank of New York Mellon
3
Bank of New York Mellon
New York
$504K +$808 +13 +0.1%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$456K – – –
Morgan Stanley
5
Morgan Stanley
New York
$332K +$2.24K +36 +0.6%
Renaissance Technologies
6
Renaissance Technologies
New York
$175K +$46.6K +750 +31%
VKH
7
Virtu KCG Holdings
New York
$106K +$118K +1,900 New
California Public Employees Retirement System
8
California Public Employees Retirement System
California
$64K +$22.2K +357 +45%
SIM
9
Spark Investment Management
New York
$41K +$46.6K +750 New
U
10
UBS
Switzerland
$32K +$25.9K +416 +274%
PCM
11
Prelude Capital Management
New York
$28K +$30.8K +496 New
Deutsche Bank
12
Deutsche Bank
Germany
$15K -$18K -290 -52%
Creative Planning
13
Creative Planning
Kansas
$13K +$2.61K +42 +22%
Bank of America
14
Bank of America
North Carolina
$9K -$995 -16 -9%
Wells Fargo
15
Wells Fargo
California
$2K – – –
LWA
16
Lenox Wealth Advisors
New York
$2K +$2.24K +36 New
BFA
17
BlackRock Fund Advisors
California
$1K -$249 -4 -27%
WAM
18
World Asset Management
Michigan
– -$51K -837 Closed
Barclays
19
Barclays
United Kingdom
– -$4K -63 Closed
TRCT
20
Tower Research Capital (TRC)
New York
– -$3K -43 Closed

DAC Hedge Fund Activity: Q3 2013 in Review

17 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Danaos Corp (DAC) for Q3 2013, worth a combined $24.9M — down 5.6% from $26.4M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new DAC positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $824K. The largest seller was Neuberger Berman Group, cutting an estimated $69.4K.

  • 17 institutional investors held Danaos Corp (DAC) as of Q3 2013, up from 16 in Q2 2013.
  • Funds reported $24.9M of Danaos Corp stock for Q3 2013, down 5.6% quarter-over-quarter.
  • 4 funds opened new Danaos Corp positions in Q3 2013 and 3 closed out, a net change of +1 holder.
  • The largest Danaos Corp buyer in Q3 2013 was DePrince Race & Zollo Inc (DRZ), an estimated $824K added.
  • The largest Danaos Corp seller in Q3 2013 was Neuberger Berman Group, an estimated $69.4K sold.

Based on aggregated 13F filings for Q3 2013.