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Genco Shipping & Trading
GNK

96 hedge funds and large institutions have $565M invested in Genco Shipping & Trading in 2018 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 33 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

680% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 5

200% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 11

55% more funds holding

Funds holding: 62 → 96 (+34)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

30% more capital invested

Capital invested by funds: $436M → $565M (+$129M)

1.04% less ownership

Funds ownership: 88.75% → 87.71% (-1%)

Holders
96
Holders Change
+34
Holders Change %
+54.84%
% of All Funds
2.2%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
39
Increased
33
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EGA
Evermore Global Advisors
New Jersey
+$30.9M
2
Millennium Management
Millennium Management
New York
+$11.2M
3
Renaissance Technologies
Renaissance Technologies
New York
+$5.67M
4
BlackRock
BlackRock
New York
+$5.66M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$5.3M

Top Sellers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
-$9.65M
2
RG
Raynor Geoffrey
-$5.1M
3
QF
QVT Financial
New York
-$1.1M
4
BCM
Bienville Capital Management
New York
-$452K
5
TI
Trexquant Investment
Connecticut
-$425K
Name Holding Trade Value Shares
Change 		Change in
Stake
CEP
26
Chicago Equity Partners
Illinois
$1.8M +$2.94K +173 +0.1%
AllianceBernstein
27
AllianceBernstein
Tennessee
$1.76M +$1.93M +113,300 New
LOAMU
28
Lombard Odier Asset Management (USA)
New York
$1.55M +$1.7M +100,000 New
Northern Trust
29
Northern Trust
Illinois
$1.32M +$7.43K +437 +0.5%
Man Group
30
Man Group
United Kingdom
$1.29M +$1.42M +83,230 New
JP Morgan Chase
31
JP Morgan Chase
New York
$1.17M +$563K +33,107 +78%
Two Sigma Advisers
32
Two Sigma Advisers
New York
$1.14M +$449K +26,400 +56%
QF
33
QVT Financial
New York
$1.09M -$1.1M -64,640 -48%
6CM
34
683 Capital Management
New York
$1.06M – – –
Morgan Stanley
35
Morgan Stanley
New York
$1.06M +$889K +52,223 +328%
Nordea Investment Management
36
Nordea Investment Management
Sweden
$1.05M +$1.15M +67,495 New
Squarepoint
37
Squarepoint
New York
$1.03M +$1.13M +66,247 New
ARTA
38
A.R.T. Advisors
New York
$1.03M +$1.13M +66,232 New
PCM
39
Pentwater Capital Management
Florida
$1M +$1.1M +64,664 New
EGI
40
EAM Global Investors
California
$863K +$947K +55,672 New
Invesco
41
Invesco
Georgia
$821K -$297K -17,461 -25%
Goldman Sachs
42
Goldman Sachs
New York
$821K +$522K +30,705 +138%
AQR Capital Management
43
AQR Capital Management
Connecticut
$821K +$901K +52,963 New
American Century Companies
44
American Century Companies
Missouri
$813K +$892K +52,422 New
AIM
45
Alambic Investment Management
California
$805K +$884K +51,962 New
PAM
46
Panagora Asset Management
Massachusetts
$762K +$502K +29,512 +150%
WJA
47
Williams Jones & Associates
New York
$736K +$808K +47,500 New
CIC
48
Cornercap Investment Counsel
Georgia
$698K +$766K +45,010 New
EGM
49
Engineers Gate Manager
New York
$686K +$512K +30,109 +213%
EI
50
EAM Investors
California
$683K +$749K +44,047 New
1
2
3 4 5

GNK Hedge Fund Activity: Q2 2018 in Review

96 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2018, worth a combined $565M — up 30% from $436M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new GNK positions and 5 closed out — a net gain of 34 holders — while 33 added to existing stakes and 11 trimmed.

The largest buyer was Evermore Global Advisors, opening a new position worth an estimated $30.9M. The largest seller was Mangrove Partners, exiting entirely with an estimated $9.65M sold.

  • 96 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2018, up from 62 in Q1 2018.
  • Funds reported $565M of Genco Shipping & Trading stock for Q2 2018, up 30% quarter-over-quarter.
  • 39 funds opened new Genco Shipping & Trading positions in Q2 2018 and 5 closed out, a net change of +34 holders.
  • The largest Genco Shipping & Trading buyer in Q2 2018 was Evermore Global Advisors, an estimated $30.9M added.
  • The largest Genco Shipping & Trading seller in Q2 2018 was Mangrove Partners, an estimated $9.65M sold.

Based on aggregated 13F filings for Q2 2018.