Genco Shipping & Trading
151 hedge funds and large institutions have $324M invested in Genco Shipping & Trading in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 58 increasing their positions, 46 reducing their positions, and 26 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 46
2.17% more ownership
Funds ownership: 52.44% → 54.6% (+2.2%)
4% more capital invested
Capital invested by funds: $313M → $324M (+$11.7M)
6% less funds holding
Funds holding: 160 → 151 (-9)
13% less call options, than puts
Call options by funds: $3.65M | Put options by funds: $4.21M
31% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$11.6M |
| 2 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$4.83M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$3.71M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$2.78M |
| 5 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$8.84M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.59M |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$1.08M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$993K |
| 5 |
State Street
Boston,
Massachusetts
|
-$985K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1.14K | -81 | Closed |
|
|
EWA
177
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$912 | -65 | Closed |
|
GNK Hedge Fund Activity: Q3 2023 in Review
151 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q3 2023, worth a combined $324M — up 3.8% from $313M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of GNK and 18 opened new positions — a net loss of 8 holders — while 46 trimmed existing stakes and 58 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $11.6M. The largest seller was Citadel Advisors, cutting an estimated $8.84M.
- 151 institutional investors held Genco Shipping & Trading (GNK) as of Q3 2023, down from 160 in Q2 2023.
- Funds reported $324M of Genco Shipping & Trading stock for Q3 2023, up 3.8% quarter-over-quarter.
- 18 funds opened new Genco Shipping & Trading positions in Q3 2023 and 26 closed out, a net change of -8 holders.
- The largest Genco Shipping & Trading buyer in Q3 2023 was Cowen and Company, an estimated $11.6M added.
- The largest Genco Shipping & Trading seller in Q3 2023 was Citadel Advisors, an estimated $8.84M sold.
Based on aggregated 13F filings for Q3 2023.