Genco Shipping & Trading
65 hedge funds and large institutions have $259M invested in Genco Shipping & Trading in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 11 closing their positions.
2.57% less ownership
Funds ownership: 85.96% → 83.39% (-2.6%)
4% less funds holding
Funds holding: 68 → 65 (-3)
8% less capital invested
Capital invested by funds: $282M → $259M (-$22.7M)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$1.45M |
| 2 |
JP Morgan Chase
New York
|
+$1.04M |
| 3 |
V
ValueWorks
New York
|
+$696K |
| 4 |
BlackRock
New York
|
+$530K |
| 5 |
6CM
683 Capital Management
New York
|
+$488K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
-$3.62M |
| 2 |
Renaissance Technologies
New York
|
-$2.11M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$1.35M |
| 4 |
Two Sigma Investments
New York
|
-$1.29M |
| 5 |
RG
Raynor Geoffrey
|
-$1.23M |
GNK Hedge Fund Activity: Q1 2019 in Review
65 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2019, worth a combined $259M — down 8.1% from $282M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GNK and 8 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 20 added.
The largest buyer was Mangrove Partners, adding an estimated $1.45M. The largest seller was Q Global Advisors, exiting entirely with an estimated $3.62M sold.
- 65 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2019, down from 68 in Q4 2018.
- Funds reported $259M of Genco Shipping & Trading stock for Q1 2019, down 8.1% quarter-over-quarter.
- 8 funds opened new Genco Shipping & Trading positions in Q1 2019 and 11 closed out, a net change of -3 holders.
- The largest Genco Shipping & Trading buyer in Q1 2019 was Mangrove Partners, an estimated $1.45M added.
- The largest Genco Shipping & Trading seller in Q1 2019 was Q Global Advisors, an estimated $3.62M sold.
Based on aggregated 13F filings for Q1 2019.