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Genco Shipping & Trading
GNK

68 hedge funds and large institutions have $282M invested in Genco Shipping & Trading in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2.44% less ownership

Funds ownership: 88.4% → 85.96% (-2.4%)

24% less funds holding

Funds holding: 89 → 68 (-21)

45% less capital invested

Capital invested by funds: $514M → $282M (-$232M)

70% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 30

Holders
68
Holders Change
-21
Holders Change %
-23.6%
% of All Funds
1.52%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
9
Increased
28
Reduced
18
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
+$9.29M
2
QGA
Q Global Advisors
Texas
+$2.6M
3
BCM
Bridgeway Capital Management
Texas
+$1.88M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.47M
5
Deutsche Bank
Deutsche Bank
Germany
+$1.45M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$9.66M
2
American Century Companies
American Century Companies
Missouri
-$3.64M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$3.31M
4
Marshall Wace
Marshall Wace
United Kingdom
-$3.04M
5
Morgan Stanley
Morgan Stanley
New York
-$1.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$556K +$437K +42,866 +156%
UBS Group
27
UBS Group
Switzerland
$531K +$648K +63,635 +1,760%
Invesco
28
Invesco
Georgia
$486K +$81.6K +8,012 +15%
MWNA
29
Marshall Wace North America
New York
$430K +$554K +54,442 New
Morgan Stanley
30
Morgan Stanley
New York
$400K -$1.63M -160,426 -76%
PAM
31
Panagora Asset Management
Massachusetts
$388K – – –
Bank of New York Mellon
32
Bank of New York Mellon
New York
$367K +$92.8K +9,112 +24%
Goldman Sachs
33
Goldman Sachs
New York
$273K +$121K +11,921 +53%
PCM
34
Prelude Capital Management
New York
$269K +$331K +32,538 +2,172%
Swiss National Bank
35
Swiss National Bank
Switzerland
$232K +$299K +29,400 New
Charles Schwab
36
Charles Schwab
California
$211K +$63.8K +6,266 +31%
V
37
ValueWorks
New York
$195K – – –
AQR Capital Management
38
AQR Capital Management
Connecticut
$193K -$269K -26,452 -52%
Wells Fargo
39
Wells Fargo
California
$183K +$93K +9,130 +65%
AllianceBernstein
40
AllianceBernstein
Tennessee
$166K +$53K +5,200 +33%
PH
41
Pinnacle Holdings
Oklahoma
$165K -$58.6K -5,750 -22%
BIM
42
Bogle Investment Management
Massachusetts
$163K +$210K +20,638 New
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$155K -$11.5K -1,128 -5%
TA
44
Teachers Advisors
New York
$153K -$65K -6,385 -25%
California State Teachers Retirement System (CalSTRS)
45
California State Teachers Retirement System (CalSTRS)
California
$150K +$43.2K +4,243 +29%
Squarepoint
46
Squarepoint
New York
$130K -$386K -37,854 -70%
Citigroup
47
Citigroup
New York
$129K +$92 +9 +0.1%
Prudential Financial
48
Prudential Financial
New Jersey
$114K +$7.93K +779 +6%
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$102K +$131K +12,896 New
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$97K -$29.8K -2,921 -19%
1
2
3 4

GNK Hedge Fund Activity: Q4 2018 in Review

68 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q4 2018, worth a combined $282M — down 45% from $514M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of GNK and 9 opened new positions — a net loss of 21 holders — while 18 trimmed existing stakes and 28 added.

The largest buyer was Mangrove Partners, adding an estimated $9.29M. The largest seller was Millennium Management, exiting entirely with an estimated $9.66M sold.

  • 68 institutional investors held Genco Shipping & Trading (GNK) as of Q4 2018, down from 89 in Q3 2018.
  • Funds reported $282M of Genco Shipping & Trading stock for Q4 2018, down 45% quarter-over-quarter.
  • 9 funds opened new Genco Shipping & Trading positions in Q4 2018 and 30 closed out, a net change of -21 holders.
  • The largest Genco Shipping & Trading buyer in Q4 2018 was Mangrove Partners, an estimated $9.29M added.
  • The largest Genco Shipping & Trading seller in Q4 2018 was Millennium Management, an estimated $9.66M sold.

Based on aggregated 13F filings for Q4 2018.