GENCO SHIPPING & TRADING LTD
GNK was delisted on the 17th of April, 2014.
7 hedge funds and large institutions have $2.08M invested in GENCO SHIPPING & TRADING LTD in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 53 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
40% less call options, than puts
Call options by funds: $303K | Put options by funds: $506K
88% less funds holding
Funds holding: 58 → 7 (-51)
90% less capital invested
Capital invested by funds: $21.2M → $2.08M (-$19.1M)
96% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
+$1.77M |
| 2 |
Group One Trading
Chicago,
Illinois
|
+$220K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$177 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.73M |
| 2 |
Morgan Stanley
New York
|
-$3.18M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.67M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.59M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| – | -$1.94K | -1,100 | Closed |
|
52
Barclays
London,
United Kingdom
| – | -$1K | -779 | Closed |
|
|
JG
53
Jefferies Group
New York
| – | -$1K | -500 | Closed |
|
GNK Hedge Fund Activity: Q2 2014 in Review
7 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in GENCO SHIPPING & TRADING LTD (GNK) for Q2 2014, worth a combined $2.08M — down 90% from $21.2M a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of GNK and 2 opened new positions — a net loss of 51 holders — while 1 trimmed existing stakes and 1 added.
The largest buyer was Solus Alternative Asset Management, adding an estimated $1.77M. The largest seller was Dimensional Fund Advisors, exiting entirely with an estimated $4.73M sold.
- 7 institutional investors held GENCO SHIPPING & TRADING LTD (GNK) as of Q2 2014, down from 58 in Q1 2014.
- Funds reported $2.08M of GENCO SHIPPING & TRADING LTD stock for Q2 2014, down 90% quarter-over-quarter.
- 2 funds opened new GENCO SHIPPING & TRADING LTD positions in Q2 2014 and 53 closed out, a net change of -51 holders.
- The largest GENCO SHIPPING & TRADING LTD buyer in Q2 2014 was Solus Alternative Asset Management, an estimated $1.77M added.
- The largest GENCO SHIPPING & TRADING LTD seller in Q2 2014 was Dimensional Fund Advisors, an estimated $4.73M sold.
Based on aggregated 13F filings for Q2 2014.