Genco Shipping & Trading
41 hedge funds and large institutions have $243M invested in Genco Shipping & Trading in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 2 closing their positions.
1,050% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 2
734% more capital invested
Capital invested by funds: $29.1M → $243M (+$214M)
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
86% more funds holding
Funds holding: 22 → 41 (+19)
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
2.74% more ownership
Funds ownership: 53.7% → 56.44% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
+$84.1M |
| 2 |
AMH
Apollo Management Holdings
New York
|
+$45.4M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$5.64M |
| 4 |
RCIM
Russell Clark Investment Management
London,
United Kingdom
|
+$3.54M |
| 5 |
Renaissance Technologies
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SH
Scepter Holdings
Fort Worth,
Texas
|
-$1.65M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$1.11M |
| 3 |
Barclays
London,
United Kingdom
|
-$30K |
| 4 |
MTIP
Magee Thomson Investment Partners
San Diego,
California
|
-$269 |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$217 |
GNK Hedge Fund Activity: Q1 2017 in Review
41 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2017, worth a combined $243M — up 734% from $29.1M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new GNK positions and 2 closed out — a net gain of 21 holders — while 8 added to existing stakes and 4 trimmed.
The largest buyer was Centerbridge Partners, adding an estimated $84.1M. The largest seller was Scepter Holdings, cutting an estimated $1.65M.
- 41 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2017, up from 22 in Q4 2016.
- Funds reported $243M of Genco Shipping & Trading stock for Q1 2017, up 734% quarter-over-quarter.
- 23 funds opened new Genco Shipping & Trading positions in Q1 2017 and 2 closed out, a net change of +21 holders.
- The largest Genco Shipping & Trading buyer in Q1 2017 was Centerbridge Partners, an estimated $84.1M added.
- The largest Genco Shipping & Trading seller in Q1 2017 was Scepter Holdings, an estimated $1.65M sold.
Based on aggregated 13F filings for Q1 2017.