GENCO SHIPPING & TRADING LTD
GNK was delisted on the 17th of April, 2014.
63 hedge funds and large institutions have $36.3M invested in GENCO SHIPPING & TRADING LTD in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 17 closing their positions.
59% more capital invested
Capital invested by funds: $22.8M → $36.3M (+$13.5M)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
3% less funds holding
Funds holding: 65 → 63 (-2)
10.83% less ownership
Funds ownership: 31.59% → 20.76% (-11%)
29% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 24
65% less call options, than puts
Call options by funds: $3.42M | Put options by funds: $9.68M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$2.49M |
| 2 |
Lazard Asset Management
New York
|
+$741K |
| 3 |
Goldman Sachs
New York
|
+$675K |
| 4 |
Two Sigma Investments
New York
|
+$274K |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$202K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAM
Vermillion Asset Management
New York
|
-$5.53M |
| 2 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$2.46M |
| 3 |
CRAM
Claren Road Asset Management
New York
|
-$1.96M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$899K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$627K |
GNK Hedge Fund Activity: Q3 2013 in Review
63 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in GENCO SHIPPING & TRADING LTD (GNK) for Q3 2013, worth a combined $36.3M — up 59% from $22.8M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of GNK and 16 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 17 added.
The largest buyer was Royce & Associates, adding an estimated $2.49M. The largest seller was Vermillion Asset Management, cutting an estimated $5.53M.
- 63 institutional investors held GENCO SHIPPING & TRADING LTD (GNK) as of Q3 2013, down from 65 in Q2 2013.
- Funds reported $36.3M of GENCO SHIPPING & TRADING LTD stock for Q3 2013, up 59% quarter-over-quarter.
- 16 funds opened new GENCO SHIPPING & TRADING LTD positions in Q3 2013 and 17 closed out, a net change of -1 holder.
- The largest GENCO SHIPPING & TRADING LTD buyer in Q3 2013 was Royce & Associates, an estimated $2.49M added.
- The largest GENCO SHIPPING & TRADING LTD seller in Q3 2013 was Vermillion Asset Management, an estimated $5.53M sold.
Based on aggregated 13F filings for Q3 2013.