Genco Shipping & Trading
50 hedge funds and large institutions have $229M invested in Genco Shipping & Trading in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
21% more capital invested
Capital invested by funds: $189M → $229M (+$39.3M)
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
6% more funds holding
Funds holding: 47 → 50 (+3)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.81% less ownership
Funds ownership: 58.1% → 57.29% (-0.81%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TIAA CREF Investment Management
New York
|
+$540K |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
+$491K |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$215K |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$210K |
| 5 |
Millennium Management
New York
|
+$205K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
-$3.41M |
| 2 |
RG
Raynor Geoffrey
|
-$553K |
| 3 |
Renaissance Technologies
New York
|
-$423K |
| 4 |
ARTA
A.R.T. Advisors
New York
|
-$318K |
| 5 |
Charles Schwab
San Francisco,
California
|
-$194K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ARTA
51
A.R.T. Advisors
New York
| – | -$318K | -33,643 | Closed |
|
|
52
Charles Schwab
San Francisco,
California
| – | -$194K | -20,400 | Closed |
|
|
CSS
53
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$158K | -16,692 | Closed |
|
|
AIM
54
Acrospire Investment Management
Chicago,
Illinois
| – | -$11K | -1,209 | Closed |
|
55
JP Morgan Chase
New York
| – | -$1K | -76 | Closed |
|
GNK Hedge Fund Activity: Q3 2017 in Review
50 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q3 2017, worth a combined $229M — up 21% from $189M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GNK positions and 5 closed out — a net gain of 3 holders — while 16 added to existing stakes and 14 trimmed.
The largest buyer was TIAA CREF Investment Management, adding an estimated $540K. The largest seller was Q Global Advisors, cutting an estimated $3.41M.
- 50 institutional investors held Genco Shipping & Trading (GNK) as of Q3 2017, up from 47 in Q2 2017.
- Funds reported $229M of Genco Shipping & Trading stock for Q3 2017, up 21% quarter-over-quarter.
- 8 funds opened new Genco Shipping & Trading positions in Q3 2017 and 5 closed out, a net change of +3 holders.
- The largest Genco Shipping & Trading buyer in Q3 2017 was TIAA CREF Investment Management, an estimated $540K added.
- The largest Genco Shipping & Trading seller in Q3 2017 was Q Global Advisors, an estimated $3.41M sold.
Based on aggregated 13F filings for Q3 2017.