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Genco Shipping & Trading
GNK

47 hedge funds and large institutions have $189M invested in Genco Shipping & Trading in 2017 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

70% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 10

15% more funds holding

Funds holding: 41 → 47 (+6)

1.66% more ownership

Funds ownership: 56.44% → 58.1% (+1.7%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

22% less capital invested

Capital invested by funds: $243M → $189M (-$53.4M)

Holders
47
Holders Change
+6
Holders Change %
+14.63%
% of All Funds
1.17%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
17
Increased
14
Reduced
7
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$3.52M
2
MP
Mangrove Partners
Connecticut
+$1.38M
3
6CM
683 Capital Management
New York
+$726K
4
Northern Trust
Northern Trust
Illinois
+$696K
5
State Street
State Street
Massachusetts
+$654K

Top Sellers

1
GCP
GSA Capital Partners
United Kingdom
-$1.47M
2
Millennium Management
Millennium Management
New York
-$1.12M
3
QGA
Q Global Advisors
Texas
-$1.02M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$596K
5
LCM
Laurion Capital Management
New York
-$362K
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$186K – – –
CSS
27
Cubist Systematic Strategies
Connecticut
$158K +$15.5K +1,457 +10%
PH
28
Pinnacle Holdings
Oklahoma
$146K -$4.15K -390 -2%
TA
29
Teachers Advisors
New York
$141K +$158K +14,878 New
Citigroup
30
Citigroup
New York
$129K +$543 +51 +0.4%
California State Teachers Retirement System (CalSTRS)
31
California State Teachers Retirement System (CalSTRS)
California
$129K +$145K +13,600 New
PAM
32
Panagora Asset Management
Massachusetts
$108K +$121K +11,415 New
SH
33
Scepter Holdings
Texas
$99K – – –
NFA
34
Nationwide Fund Advisors
Ohio
$47K +$53.2K +5,000 New
AIG
35
American International Group
New York
$45K +$50.7K +4,767 New
UBS Group
36
UBS Group
Switzerland
$28K +$29.4K +2,761 +1,517%
Legal & General Group
37
Legal & General Group
United Kingdom
$13K +$14.1K +1,323 New
AIM
38
Acrospire Investment Management
Illinois
$11K -$41.5K -3,900 -76%
FCMT
39
Founders Capital Management (Texas)
Texas
$10K +$5.38K +506 +100%
BNP Paribas Financial Markets
40
BNP Paribas Financial Markets
France
$7.63K +$8.58K +806 New
New York State Common Retirement Fund
41
New York State Common Retirement Fund
New York
$6K +$6.38K +600 New
AIP
42
Ameritas Investment Partners
Nebraska
$6K +$7.18K +675 New
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$4K – – –
CG
44
Cutler Group
California
$3K – – –
JP Morgan Chase
45
JP Morgan Chase
New York
$1K +$809 +76 New
GCP
46
GSA Capital Partners
United Kingdom
– -$1.47M -117,482 Closed
Millennium Management
47
Millennium Management
New York
– -$1.12M -89,719 Closed
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
– -$596K -47,714 Closed
LCM
49
Laurion Capital Management
New York
– -$362K -28,942 Closed
Citadel Advisors
50
Citadel Advisors
Florida
– -$325K -26,011 Closed
1
2
3

GNK Hedge Fund Activity: Q2 2017 in Review

47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2017, worth a combined $189M — down 22% from $243M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GNK positions and 10 closed out — a net gain of 7 holders — while 14 added to existing stakes and 7 trimmed.

The largest buyer was BlackRock, adding an estimated $3.52M. The largest seller was GSA Capital Partners, exiting entirely with an estimated $1.47M sold.

  • 47 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2017, up from 41 in Q1 2017.
  • Funds reported $189M of Genco Shipping & Trading stock for Q2 2017, down 22% quarter-over-quarter.
  • 17 funds opened new Genco Shipping & Trading positions in Q2 2017 and 10 closed out, a net change of +7 holders.
  • The largest Genco Shipping & Trading buyer in Q2 2017 was BlackRock, an estimated $3.52M added.
  • The largest Genco Shipping & Trading seller in Q2 2017 was GSA Capital Partners, an estimated $1.47M sold.

Based on aggregated 13F filings for Q2 2017.