Genco Shipping & Trading
62 hedge funds and large institutions have $436M invested in Genco Shipping & Trading in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
11% more funds holding
Funds holding: 56 → 62 (+6)
9% more capital invested
Capital invested by funds: $399M → $436M (+$36.9M)
2.03% more ownership
Funds ownership: 86.72% → 88.75% (+2%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
+$5.58M |
| 2 |
Millennium Management
New York
|
+$2.15M |
| 3 |
QF
QVT Financial
New York
|
+$1.88M |
| 4 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$1.62M |
| 5 |
Renaissance Technologies
New York
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$4.26M |
| 2 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
-$2.87M |
| 3 |
RG
Raynor Geoffrey
|
-$1.55M |
| 4 |
SFM
Soros Fund Management
New York
|
-$996K |
| 5 |
RCIM
Russell Clark Investment Management
London,
United Kingdom
|
-$339K |
GNK Hedge Fund Activity: Q1 2018 in Review
62 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2018, worth a combined $436M — up 9.3% from $399M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GNK positions and 8 closed out — a net gain of 6 holders — while 24 added to existing stakes and 12 trimmed.
The largest buyer was Centerbridge Partners, adding an estimated $5.58M. The largest seller was Jefferies Group, exiting entirely with an estimated $4.26M sold.
- 62 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2018, up from 56 in Q4 2017.
- Funds reported $436M of Genco Shipping & Trading stock for Q1 2018, up 9.3% quarter-over-quarter.
- 14 funds opened new Genco Shipping & Trading positions in Q1 2018 and 8 closed out, a net change of +6 holders.
- The largest Genco Shipping & Trading buyer in Q1 2018 was Centerbridge Partners, an estimated $5.58M added.
- The largest Genco Shipping & Trading seller in Q1 2018 was Jefferies Group, an estimated $4.26M sold.
Based on aggregated 13F filings for Q1 2018.