Genco Shipping & Trading
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RG
Raynor Geoffrey
|
+$11.5M |
| 2 |
JG
Jefferies Group
New York
|
+$3.84M |
| 3 |
Two Sigma Investments
New York
|
+$550K |
| 4 |
BCM
Bienville Capital Management
New York
|
+$382K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$312K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
-$12.4M |
| 2 |
CP
Centerbridge Partners
New York
|
-$3.85M |
| 3 |
EI
EAM Investors
Solana Beach,
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 |
|
|---|---|---|---|---|---|
51
Parallax Volatility Advisers
San Francisco,
California
| $16K | +$14.1K | +1,176 | New |
|
|
FCMT
52
Founders Capital Management (Texas)
Houston,
Texas
| $12K | +$4.8K | +400 | +79% |
|
|
AIP
53
Ameritas Investment Partners
Lincoln,
Nebraska
| $9K | – | – | – |
|
54
Royal Bank of Canada
Toronto,
Ontario, Canada
| $7K | -$3.82K | -318 | -40% |
|
|
MAM
55
Meeder Asset Management
Dublin,
Ohio
| $3K | +$2.94K | +245 | New |
|
56
Federated Hermes
Pittsburgh,
Pennsylvania
| $1K | -$7.45K | -621 | -97% |
|
|
EI
57
EAM Investors
Solana Beach,
California
| – | -$486K | -41,964 | Closed |
|
|
DTL
58
Dynamic Technology Lab
Singapore
| – | -$228K | -19,665 | Closed |
|
59
American Century Companies
Kansas City,
Missouri
| – | -$208K | -17,922 | Closed |
|
|
SH
60
Scepter Holdings
Fort Worth,
Texas
| – | -$121K | -10,421 | Closed |
|
|
NFA
61
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$58K | -5,000 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$6.94K | -578 | Closed |
|
|
CG
63
Cutler Group
San Francisco,
California
| – | -$4K | -400 | Closed |
|
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.