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Genco Shipping & Trading
GNK

36 hedge funds and large institutions have $28.8M invested in Genco Shipping & Trading in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

0.34% less ownership

Funds ownership: 6.47% → 6.13% (-0.34%)

10% less funds holding

Funds holding: 40 → 36 (-4)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

44% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 9

59% less capital invested

Capital invested by funds: $70.3M → $28.8M (-$41.5M)

Holders
36
Holders Change
-4
Holders Change %
-10%
% of All Funds
0.96%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
5
Increased
5
Reduced
9
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SH
Scepter Holdings
Texas
+$86.6K
2
Vanguard Group
Vanguard Group
Pennsylvania
+$38.3K
3
Citadel Advisors
Citadel Advisors
Florida
+$26.3K
4
VKH
Virtu KCG Holdings
New York
+$20.9K
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$10.9K

Top Sellers

Rank Fund Capital Flow
1
CP
Centerbridge Partners
New York
-$1.33M
2
HC
Hourglass Capital
Texas
-$679K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$265K
4
CS
Credit Suisse
Switzerland
-$201K
5
Renaissance Technologies
Renaissance Technologies
New York
-$151K
Name Holding Trade Value Shares
Change 		Change in
Stake
CG
26
Cutler Group
California
$2K -$677 -80 -18%
BFA
27
BlackRock Fund Advisors
California
$2K +$389 +46 +23%
UBS Group
28
UBS Group
Switzerland
$1K -$45.6K -5,391 -98%
Morgan Stanley
29
Morgan Stanley
New York
$1K -$652 -77 -28%
BA
30
BlackRock Advisors
Delaware
$1K – – –
EWM
31
Edge Wealth Management
New York
$1K – – –
Geode Capital Management
32
Geode Capital Management
Massachusetts
$28 – – –
HC
33
Hourglass Capital
Texas
– -$679K -45,573 Closed
Dimensional Fund Advisors
34
Dimensional Fund Advisors
Texas
– -$265K -17,779 Closed
CS
35
Credit Suisse
Switzerland
– -$201K -13,501 Closed
Renaissance Technologies
36
Renaissance Technologies
New York
– -$151K -10,137 Closed
SP
37
Steelhead Partners
Washington
– -$75K -5,000 Closed
LCM
38
Leisure Capital Management
California
– -$71K -4,757 Closed
Deutsche Bank
39
Deutsche Bank
Germany
– -$5K -404 Closed
BJ
40
BlackRock Japan
Japan
– -$1K -78 Closed
TRCT
41
Tower Research Capital (TRC)
New York
– -$1K -69 Closed
Wells Fargo
42
Wells Fargo
California
– +$550 +65 New
1
2

GNK Hedge Fund Activity: Q1 2016 in Review

36 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2016, worth a combined $28.8M — down 59% from $70.3M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of GNK and 5 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 5 added.

The largest buyer was Scepter Holdings, adding an estimated $86.6K. The largest seller was Centerbridge Partners, cutting an estimated $1.33M.

  • 36 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2016, down from 40 in Q4 2015.
  • Funds reported $28.8M of Genco Shipping & Trading stock for Q1 2016, down 59% quarter-over-quarter.
  • 5 funds opened new Genco Shipping & Trading positions in Q1 2016 and 9 closed out, a net change of -4 holders.
  • The largest Genco Shipping & Trading buyer in Q1 2016 was Scepter Holdings, an estimated $86.6K added.
  • The largest Genco Shipping & Trading seller in Q1 2016 was Centerbridge Partners, an estimated $1.33M sold.

Based on aggregated 13F filings for Q1 2016.