Genco Shipping & Trading
161 hedge funds and large institutions have $503M invested in Genco Shipping & Trading in 2024 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 57 increasing their positions, 47 reducing their positions, and 27 closing their positions.
29% more capital invested
Capital invested by funds: $389M → $503M (+$114M)
26% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 27
21% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 47
4% more funds holding
Funds holding: 155 → 161 (+6)
3.55% more ownership
Funds ownership: 54.97% → 58.51% (+3.5%)
0% more call options, than puts
Call options by funds: $6.83M | Put options by funds: $6.81M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$21.8M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$16.8M |
| 3 |
GC
Gratus Capital
Atlanta,
Georgia
|
+$5.89M |
| 4 |
EWM
Elevatus Welath Management
Victor,
New York
|
+$5.32M |
| 5 |
Two Sigma Advisers
New York
|
+$4.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$12.8M |
| 2 |
IAM
Ion Asset Management
Herzliya,
Israel
|
-$8.45M |
| 3 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$6.75M |
| 4 |
RA
Royce & Associates
New York
|
-$4.45M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WC
176
Wexford Capital
West Palm Beach,
Florida
| – | -$243K | -14,669 | Closed |
|
|
KWM
177
Kingsview Wealth Management
Grants Pass,
Oregon
| – | -$233K | -14,045 | Closed |
|
178
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$199K | -12,013 | Closed |
|
179
D.E. Shaw & Co
New York
| – | -$191K | -11,510 | Closed |
|
|
RFA
180
Register Financial Advisors
Atlanta,
Georgia
| – | -$177K | -10,673 | Closed |
|
|
EC
181
EntryPoint Capital
New York
| – | -$93.3K | -5,625 | Closed |
|
|
ASN
182
Advisory Services Network
Atlanta,
Georgia
| – | -$80K | -4,824 | Closed |
|
|
GCM
183
Gladius Capital Management
Chicago,
Illinois
| – | -$37.4K | -2,252 | Closed |
|
|
TAM
184
Tucker Asset Management
Littleton,
Colorado
| – | -$16.6K | -1,000 | Closed |
|
|
SWM
185
Spire Wealth Management
Mclean,
Virginia
| – | -$6.92K | -404 | Closed |
|
|
MFG
186
Mendota Financial Group
Madison,
Wisconsin
| – | -$3.48K | -210 | Closed |
|
|
QL
187
Quarry LP
New York
| – | -$3.37K | -203 | Closed |
|
GNK Hedge Fund Activity: Q1 2024 in Review
161 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2024, worth a combined $503M — up 29% from $389M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new GNK positions and 27 closed out — a net gain of 7 holders — while 57 added to existing stakes and 47 trimmed.
The largest buyer was Mirae Asset Global Investments, adding an estimated $21.8M. The largest seller was Morgan Stanley, cutting an estimated $12.8M.
- 161 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2024, up from 155 in Q4 2023.
- Funds reported $503M of Genco Shipping & Trading stock for Q1 2024, up 29% quarter-over-quarter.
- 34 funds opened new Genco Shipping & Trading positions in Q1 2024 and 27 closed out, a net change of +7 holders.
- The largest Genco Shipping & Trading buyer in Q1 2024 was Mirae Asset Global Investments, an estimated $21.8M added.
- The largest Genco Shipping & Trading seller in Q1 2024 was Morgan Stanley, an estimated $12.8M sold.
Based on aggregated 13F filings for Q1 2024.