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Genco Shipping & Trading
GNK

56 hedge funds and large institutions have $399M invested in Genco Shipping & Trading in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

74% more capital invested

Capital invested by funds: $229M → $399M (+$170M)

29.43% more ownership

Funds ownership: 57.29% → 86.72% (+29%)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

12% more funds holding

Funds holding: 50 → 56 (+6)

Holders
56
Holders Change
+6
Holders Change %
+12%
% of All Funds
1.27%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.11%
New
13
Increased
18
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RG
Raynor Geoffrey
+$11.5M
2
JG
Jefferies Group
New York
+$3.84M
3
Two Sigma Investments
Two Sigma Investments
New York
+$550K
4
BCM
Bienville Capital Management
New York
+$382K
5
Deutsche Bank
Deutsche Bank
Germany
+$312K

Top Sellers

Rank Fund Capital Flow
1
QGA
Q Global Advisors
Texas
-$12.4M
2
CP
Centerbridge Partners
New York
-$3.85M
3
EI
EAM Investors
California
-$486K
4
TCIM
TIAA CREF Investment Management
New York
-$296K
5
DTL
Dynamic Technology Lab
Singapore
-$228K
Name Holding Trade Value Shares
Change 		Change in
Stake
PH
26
Pinnacle Holdings
Oklahoma
$318K +$102K +8,502 +55%
TA
27
Teachers Advisors
New York
$305K – – –
Two Sigma Advisers
28
Two Sigma Advisers
New York
$282K +$254K +21,200 New
BGIM
29
Brandywine Global Investment Management
Pennsylvania
$271K +$22.7K +1,893 +10%
ARTA
30
A.R.T. Advisors
New York
$271K +$245K +20,391 New
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$262K – – –
Goldman Sachs
32
Goldman Sachs
New York
$243K -$41.2K -3,430 -16%
Morgan Stanley
33
Morgan Stanley
New York
$222K -$19K -1,584 -9%
Citigroup
34
Citigroup
New York
$196K +$13.6K +1,134 +8%
Millennium Management
35
Millennium Management
New York
$186K -$42.1K -3,511 -20%
Charles Schwab
36
Charles Schwab
California
$163K +$146K +12,200 New
California State Teachers Retirement System (CalSTRS)
37
California State Teachers Retirement System (CalSTRS)
California
$161K -$5.82K -485 -4%
Wells Fargo
38
Wells Fargo
California
$154K +$133K +11,063 +2,064%
VF
39
Virtu Financial
New York
$145K +$131K +10,919 New
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$93K – – –
Macquarie Group
41
Macquarie Group
Australia
$87K +$36K +3,000 +86%
AIG
42
American International Group
New York
$69K +$288 +24 +0.5%
BNP Paribas Financial Markets
43
BNP Paribas Financial Markets
France
$29.7K +$17.8K +1,481 +197%
GF
44
Goodman Financial
Texas
$28K +$25.3K +2,109 New
UBS Group
45
UBS Group
Switzerland
$27K -$5.14K -428 -17%
JP Morgan Chase
46
JP Morgan Chase
New York
$23K +$20.7K +1,727 New
Barclays
47
Barclays
United Kingdom
$20K +$16K +1,329 +751%
Manulife (Manufacturers Life Insurance)
48
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$19K +$17K +1,414 New
Legal & General Group
49
Legal & General Group
United Kingdom
$18K – – –
Bank of America
50
Bank of America
North Carolina
$16K +$8.74K +728 +140%
1
2
3

GNK Hedge Fund Activity: Q4 2017 in Review

56 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q4 2017, worth a combined $399M — up 74% from $229M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new GNK positions and 7 closed out — a net gain of 6 holders — while 18 added to existing stakes and 15 trimmed.

The largest buyer was Raynor Geoffrey, adding an estimated $11.5M. The largest seller was Q Global Advisors, cutting an estimated $12.4M.

  • 56 institutional investors held Genco Shipping & Trading (GNK) as of Q4 2017, up from 50 in Q3 2017.
  • Funds reported $399M of Genco Shipping & Trading stock for Q4 2017, up 74% quarter-over-quarter.
  • 13 funds opened new Genco Shipping & Trading positions in Q4 2017 and 7 closed out, a net change of +6 holders.
  • The largest Genco Shipping & Trading buyer in Q4 2017 was Raynor Geoffrey, an estimated $11.5M added.
  • The largest Genco Shipping & Trading seller in Q4 2017 was Q Global Advisors, an estimated $12.4M sold.

Based on aggregated 13F filings for Q4 2017.