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Danaos Corp
DAC

20 hedge funds and large institutions have $37.3M invested in Danaos Corp in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

5% more funds holding

Funds holding: 19 → 20 (+1)

0.01% more ownership

Funds ownership: 0.47% → 0.47% (+0.01%)

0% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 6

11% less capital invested

Capital invested by funds: $42.1M → $37.3M (-$4.77M)

Holders
20
Holders Change
+1
Holders Change %
+5.26%
% of All Funds
0.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
6
Reduced
6
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$670K
2
Morgan Stanley
Morgan Stanley
New York
+$81.7K
3
PPA
Parametric Portfolio Associates
Washington
+$60.6K
4
Renaissance Technologies
Renaissance Technologies
New York
+$27K
5
U
UBS
Switzerland
+$7.07K

Top Sellers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
-$139K
2
SIM
Spark Investment Management
New York
-$91K
3
Invesco
Invesco
Georgia
-$19.4K
4
Creative Planning
Creative Planning
Kansas
-$15K
5
TRCT
Tower Research Capital (TRC)
New York
-$2.89K
Name Holding Trade Value Shares
Change 		Change in
Stake
DRZID
1
DePrince Race & Zollo Inc (DRZ)
Florida
$26.1M +$670K +8,337 +2%
Neuberger Berman Group
2
Neuberger Berman Group
New York
$7.59M -$139K -1,725 -2%
AC
3
AYM Capital
New York
$673K – – –
Bank of New York Mellon
4
Bank of New York Mellon
New York
$617K -$563 -7 -0.1%
Renaissance Technologies
5
Renaissance Technologies
New York
$553K +$27K +336 +5%
Morgan Stanley
6
Morgan Stanley
New York
$513K +$81.7K +1,016 +17%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$463K – – –
Invesco
8
Invesco
Georgia
$257K -$19.4K -241 -6%
CAM
9
ClariVest Asset Management
California
$226K +$4.58K +57 +2%
California Public Employees Retirement System
10
California Public Employees Retirement System
California
$84K – – –
RCM
11
Rotella Capital Management
Washington
$65K +$3.05K +38 +4%
PPA
12
Parametric Portfolio Associates
Washington
$54K +$60.6K +754 New
U
13
UBS
Switzerland
$47K +$7.07K +88 +15%
CRM
14
Cramer Rosenthal McGlynn
Connecticut
$26K – – –
Bank of America
15
Bank of America
North Carolina
$9K – – –
Creative Planning
16
Creative Planning
Kansas
$3K -$15K -187 -82%
Wells Fargo
17
Wells Fargo
California
$3K – – –
Fifth Third Bancorp
18
Fifth Third Bancorp
Ohio
$3K +$2.89K +36 New
TRCT
19
Tower Research Capital (TRC)
New York
$2K -$2.89K -36 -51%
BFA
20
BlackRock Fund Advisors
California
$1K -$80 -1 -9%
SIM
21
Spark Investment Management
New York
– -$91K -1,107 Closed

DAC Hedge Fund Activity: Q3 2014 in Review

20 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Danaos Corp (DAC) for Q3 2014, worth a combined $37.3M — down 11% from $42.1M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new DAC positions and 1 closed out — a net gain of 1 holder — while 6 added to existing stakes and 6 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $670K. The largest seller was Neuberger Berman Group, cutting an estimated $139K.

  • 20 institutional investors held Danaos Corp (DAC) as of Q3 2014, up from 19 in Q2 2014.
  • Funds reported $37.3M of Danaos Corp stock for Q3 2014, down 11% quarter-over-quarter.
  • 2 funds opened new Danaos Corp positions in Q3 2014 and 1 closed out, a net change of +1 holder.
  • The largest Danaos Corp buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $670K added.
  • The largest Danaos Corp seller in Q3 2014 was Neuberger Berman Group, an estimated $139K sold.

Based on aggregated 13F filings for Q3 2014.