Danaos Corp
24 hedge funds and large institutions have $12.2M invested in Danaos Corp in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 12 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
3.83% less ownership
Funds ownership: 6.74% → 2.92% (-3.8%)
14% less funds holding
Funds holding: 28 → 24 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
93% less capital inflows, than outflows
Capital inflows: $2.06M | Capital outflows: $27.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$602K |
| 2 |
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$275K |
| 3 |
Nationwide Fund Advisors
Columbus,
Ohio
|
+$207K |
| 4 |
Renaissance Technologies
New York
|
+$157K |
| 5 |
BlackRock Institutional Trust
San Francisco,
California
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$25.4M |
| 2 |
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.25M |
| 3 |
RCM
Rotella Capital Management
Bellevue,
Washington
|
-$252K |
| 4 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
-$222K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$119K |
DAC Hedge Fund Activity: Q1 2016 in Review
24 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Danaos Corp (DAC) for Q1 2016, worth a combined $12.2M — down 73% from $44.3M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of DAC and 8 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 10 added.
The largest buyer was Neuberger Berman Group, adding an estimated $602K. The largest seller was Northern Trust, exiting entirely with an estimated $25.4M sold.
- 24 institutional investors held Danaos Corp (DAC) as of Q1 2016, down from 28 in Q4 2015.
- Funds reported $12.2M of Danaos Corp stock for Q1 2016, down 73% quarter-over-quarter.
- 8 funds opened new Danaos Corp positions in Q1 2016 and 12 closed out, a net change of -4 holders.
- The largest Danaos Corp buyer in Q1 2016 was Neuberger Berman Group, an estimated $602K added.
- The largest Danaos Corp seller in Q1 2016 was Northern Trust, an estimated $25.4M sold.
Based on aggregated 13F filings for Q1 2016.