Genco Shipping & Trading
GNK
160 hedge funds and large institutions have $313M invested in Genco Shipping & Trading in 2023 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 53 increasing their positions, 53 reducing their positions, and 26 closing their positions.
35% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 26
11% more call options, than puts
Call options by funds: $5.5M | Put options by funds: $4.93M
5% more funds holding
Funds holding: 153 → 160 (+7)
0% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 53
2.81% less ownership
Funds ownership: 55.25% → 52.44% (-2.8%)
15% less capital invested
Capital invested by funds: $366M → $313M (-$53.5M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$7.94M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.83M |
| 3 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$4.36M |
| 4 |
BlackRock
New York
|
+$2.89M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$17M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.92M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$6.63M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.58M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$2.82M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
176
Belpointe Asset Management
Reno,
Nevada
| – | -$222K | -14,205 | Closed |
|
177
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$200K | -12,797 | Closed |
|
|
CC
178
Centiva Capital
New York
| – | -$163K | -10,408 | Closed |
|
|
PCC
179
Park Circle Company
Baltimore,
Maryland
| – | -$157K | -10,000 | Closed |
|
|
JIR
180
James Investment Research
Alpha,
Ohio
| – | -$128K | -8,194 | Closed |
|
181
SG Americas Securities
New York
| – | -$125K | -8,011 | Closed |
|
182
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$60.4K | -4,200 | -99% |
|
|
NC
183
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$10.7K | -685 | Closed |
|
|
AAS
184
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$6.21K | -390 | Closed |
|
|
HI
185
Harbour Investments
Madison,
Wisconsin
| – | -$4.7K | -300 | Closed |
|
|
TWA
186
TCI Wealth Advisors
Tucson,
Arizona
| – | -$3.84K | -245 | Closed |
|
GNK Hedge Fund Activity: Q2 2023 in Review
160 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2023, worth a combined $313M — down 15% from $366M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new GNK positions and 26 closed out — a net gain of 9 holders — while 53 added to existing stakes and 53 trimmed.
The largest buyer was Royce & Associates, opening a new position worth an estimated $7.94M. The largest seller was Mirae Asset Global Investments, cutting an estimated $17M.
- 160 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2023, up from 153 in Q1 2023.
- Funds reported $313M of Genco Shipping & Trading stock for Q2 2023, down 15% quarter-over-quarter.
- 35 funds opened new Genco Shipping & Trading positions in Q2 2023 and 26 closed out, a net change of +9 holders.
- The largest Genco Shipping & Trading buyer in Q2 2023 was Royce & Associates, an estimated $7.94M added.
- The largest Genco Shipping & Trading seller in Q2 2023 was Mirae Asset Global Investments, an estimated $17M sold.
Based on aggregated 13F filings for Q2 2023.