Genco Shipping & Trading
GNK
126 hedge funds and large institutions have $562M invested in Genco Shipping & Trading in 2021 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 52 increasing their positions, 30 reducing their positions, and 26 closing their positions.
104% more capital invested
Capital invested by funds: $275M → $562M (+$287M)
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
73% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 30
27% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 26
21% more call options, than puts
Call options by funds: $6.66M | Put options by funds: $5.49M
6.04% more ownership
Funds ownership: 65.22% → 71.26% (+6%)
6% more funds holding
Funds holding: 119 → 126 (+7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.2M |
| 2 |
State Street
Boston,
Massachusetts
|
+$12.8M |
| 3 |
BlackRock
New York
|
+$9.17M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$6.64M |
| 5 |
Millennium Management
New York
|
+$5.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
-$35.4M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$5.52M |
| 3 |
AMH
Apollo Management Holdings
New York
|
-$3.86M |
| 4 |
SAM
Scion Asset Management
Saratoga,
California
|
-$3.58M |
| 5 |
Renaissance Technologies
New York
|
-$2.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$28K | -2,507 | Closed |
|
152
US Bancorp
Minneapolis,
Minnesota
| – | +$278 | +18 | New |
|
GNK Hedge Fund Activity: Q2 2021 in Review
126 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2021, worth a combined $562M — up 104% from $275M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new GNK positions and 26 closed out — a net gain of 7 holders — while 52 added to existing stakes and 30 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $19.2M. The largest seller was Centerbridge Partners, cutting an estimated $35.4M.
- 126 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2021, up from 119 in Q1 2021.
- Funds reported $562M of Genco Shipping & Trading stock for Q2 2021, up 104% quarter-over-quarter.
- 33 funds opened new Genco Shipping & Trading positions in Q2 2021 and 26 closed out, a net change of +7 holders.
- The largest Genco Shipping & Trading buyer in Q2 2021 was Fidelity Investments, an estimated $19.2M added.
- The largest Genco Shipping & Trading seller in Q2 2021 was Centerbridge Partners, an estimated $35.4M sold.
Based on aggregated 13F filings for Q2 2021.