Genco Shipping & Trading
119 hedge funds and large institutions have $275M invested in Genco Shipping & Trading in 2021 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 39 increasing their positions, 22 reducing their positions, and 11 closing their positions.
309% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 11
77% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 22
40% more funds holding
Funds holding: 85 → 119 (+34)
19% more capital invested
Capital invested by funds: $231M → $275M (+$44.5M)
9.85% less ownership
Funds ownership: 75.07% → 65.22% (-9.9%)
40% less call options, than puts
Call options by funds: $582K | Put options by funds: $964K
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$36.1M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$8.39M |
| 3 |
Two Sigma Advisers
New York
|
+$6.7M |
| 4 |
Two Sigma Investments
New York
|
+$4M |
| 5 |
MWNA
Marshall Wace North America
New York
|
+$3.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SVP
Strategic Value Partners
Greenwich,
Connecticut
|
-$60.1M |
| 2 |
AMH
Apollo Management Holdings
New York
|
-$38.4M |
| 3 |
CP
Centerbridge Partners
New York
|
-$19.2M |
| 4 |
EGA
Evermore Global Advisors
Summit,
New Jersey
|
-$6.57M |
| 5 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$1.97M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Tudor Investment Corp
Stamford,
Connecticut
| – | -$107K | -14,529 | Closed |
|
|
CS
127
Credit Suisse
Zurich,
Switzerland
| – | -$100K | -13,559 | Closed |
|
|
FCMT
128
Founders Capital Management (Texas)
Houston,
Texas
| – | -$20K | -2,400 | Closed |
|
|
ASN
129
Advisory Services Network
Atlanta,
Georgia
| – | -$7K | -1,000 | Closed |
|
130
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$270 | +28 | New |
|
GNK Hedge Fund Activity: Q1 2021 in Review
119 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2021, worth a combined $275M — up 19% from $231M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new GNK positions and 11 closed out — a net gain of 34 holders — while 39 added to existing stakes and 22 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $36.1M. The largest seller was Strategic Value Partners, exiting entirely with an estimated $60.1M sold.
- 119 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2021, up from 85 in Q4 2020.
- Funds reported $275M of Genco Shipping & Trading stock for Q1 2021, up 19% quarter-over-quarter.
- 45 funds opened new Genco Shipping & Trading positions in Q1 2021 and 11 closed out, a net change of +34 holders.
- The largest Genco Shipping & Trading buyer in Q1 2021 was Fidelity Investments, an estimated $36.1M added.
- The largest Genco Shipping & Trading seller in Q1 2021 was Strategic Value Partners, an estimated $60.1M sold.
Based on aggregated 13F filings for Q1 2021.