Genco Shipping & Trading
19 hedge funds and large institutions have $17.1M invested in Genco Shipping & Trading in 2016 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 12 reducing their positions, and 11 closing their positions.
45.5% more ownership
Funds ownership: 5.19% → 50.69% (+46%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
34% less funds holding
Funds holding: 29 → 19 (-10)
67% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 12
88% less capital invested
Capital invested by funds: $139M → $17.1M (-$122M)
91% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.3K |
| 2 |
Goldman Sachs
New York
|
+$13.1K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.14K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$15 |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$5 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$357K |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$85K |
| 3 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
-$28.8K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$25K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$24K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Fidelity Investments
Boston,
Massachusetts
| – | -$85K | -1,494 | Closed |
|
27
Morgan Stanley
New York
| – | -$821 | -159 | -65% |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| – | +$5 | +1 | New |
|
GNK Hedge Fund Activity: Q3 2016 in Review
19 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q3 2016, worth a combined $17.1M — down 88% from $139M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GNK and 1 opened new positions — a net loss of 10 holders — while 12 trimmed existing stakes and 4 added.
The largest buyer was Vanguard Group, adding an estimated $13.3K. The largest seller was Bank of America, exiting entirely with an estimated $357K sold.
- 19 institutional investors held Genco Shipping & Trading (GNK) as of Q3 2016, down from 29 in Q2 2016.
- Funds reported $17.1M of Genco Shipping & Trading stock for Q3 2016, down 88% quarter-over-quarter.
- 1 fund opened new Genco Shipping & Trading positions in Q3 2016 and 11 closed out, a net change of -10 holders.
- The largest Genco Shipping & Trading buyer in Q3 2016 was Vanguard Group, an estimated $13.3K added.
- The largest Genco Shipping & Trading seller in Q3 2016 was Bank of America, an estimated $357K sold.
Based on aggregated 13F filings for Q3 2016.