Genco Shipping & Trading
GNK
36 hedge funds and large institutions have $28.8M invested in Genco Shipping & Trading in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 9 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0.34% less ownership
Funds ownership: 6.47% → 6.13% (-0.34%)
10% less funds holding
Funds holding: 40 → 36 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
59% less capital invested
Capital invested by funds: $70.3M → $28.8M (-$41.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SH
Scepter Holdings
Fort Worth,
Texas
|
+$86.6K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$38.3K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$26.3K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$20.9K |
| 5 |
Bank of New York Mellon
New York
|
+$10.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
-$1.33M |
| 2 |
HC
Hourglass Capital
Houston,
Texas
|
-$679K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$265K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$201K |
| 5 |
Renaissance Technologies
New York
|
-$151K |
GNK Hedge Fund Activity: Q1 2016 in Review
36 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2016, worth a combined $28.8M — down 59% from $70.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GNK and 5 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Scepter Holdings, adding an estimated $86.6K. The largest seller was Centerbridge Partners, cutting an estimated $1.33M.
- 36 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2016, down from 40 in Q4 2015.
- Funds reported $28.8M of Genco Shipping & Trading stock for Q1 2016, down 59% quarter-over-quarter.
- 5 funds opened new Genco Shipping & Trading positions in Q1 2016 and 9 closed out, a net change of -4 holders.
- The largest Genco Shipping & Trading buyer in Q1 2016 was Scepter Holdings, an estimated $86.6K added.
- The largest Genco Shipping & Trading seller in Q1 2016 was Centerbridge Partners, an estimated $1.33M sold.
Based on aggregated 13F filings for Q1 2016.