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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
BCM
51
BlueCrest Capital Management
Jersey
$611K +$670K +39,404 New
Bank of New York Mellon
52
Bank of New York Mellon
New York
$553K -$9.22K -542 -1%
Ameriprise
53
Ameriprise
Minnesota
$507K +$557K +32,711 New
OAM
54
Oxford Asset Management
United Kingdom
$480K +$521K +30,638 New
CIP
55
Convergence Investment Partners
Florida
$434K +$476K +27,983 New
PH
56
Pinnacle Holdings
Oklahoma
$418K +$28.6K +1,681 +7%
TA
57
Teachers Advisors
New York
$403K +$69.9K +4,110 +19%
Tudor Investment Corp
58
Tudor Investment Corp
Connecticut
$397K +$435K +25,584 New
V
59
ValueWorks
New York
$383K – – –
TRCT
60
Tower Research Capital (TRC)
New York
$376K +$346K +20,307 +508%
Norges Bank
61
Norges Bank
Norway
$326K +$357K +21,000 New
GAM
62
Gotham Asset Management
New York
$317K +$348K +20,431 New
California Public Employees Retirement System
63
California Public Employees Retirement System
California
$304K – – –
VF
64
Virtu Financial
New York
$264K +$289K +17,002 New
BGIM
65
Brandywine Global Investment Management
Pennsylvania
$257K – – –
Acadian Asset Management
66
Acadian Asset Management
Massachusetts
$249K +$274K +16,093 New
PTC
67
Petrus Trust Company
Texas
$246K +$270K +15,873 New
Charles Schwab
68
Charles Schwab
California
$245K -$109K -6,426 -29%
Barclays
69
Barclays
United Kingdom
$241K +$218K +12,838 +469%
Royal Bank of Canada
70
Royal Bank of Canada
Ontario, Canada
$236K +$11.4K +672 +5%
Citigroup
71
Citigroup
New York
$236K +$21.4K +1,256 +9%
Macquarie Group
72
Macquarie Group
Australia
$215K -$15.3K -900 -6%
Wells Fargo
73
Wells Fargo
California
$201K -$9.97K -586 -4%
California State Teachers Retirement System (CalSTRS)
74
California State Teachers Retirement System (CalSTRS)
California
$192K +$5.16K +303 +3%
JG
75
Jefferies Group
New York
$183K +$201K +11,800 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.