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Genco Shipping & Trading
GNK

29 hedge funds and large institutions have $139M invested in Genco Shipping & Trading in 2016 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

381% more capital invested

Capital invested by funds: $28.8M → $139M (+$110M)

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

0.94% less ownership

Funds ownership: 6.13% → 5.19% (-0.94%)

19% less funds holding

Funds holding: 36 → 29 (-7)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

88% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 8

Holders
29
Holders Change
-7
Holders Change %
-19.44%
% of All Funds
0.77%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
1
Increased
7
Reduced
5
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TSS
Two Sigma Securities
New York
+$15.7K
2
Goldman Sachs
Goldman Sachs
New York
+$15K
3
Vanguard Group
Vanguard Group
Pennsylvania
+$9.24K
4
Citadel Advisors
Citadel Advisors
Florida
+$7.05K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$3.18K

Top Sellers

1
AGC
Alden Global Capital
Florida
-$3.23M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$615K
3
SPC
Silver Point Capital
Connecticut
-$252K
4
RA
Royce & Associates
New York
-$195K
5
SCM
Schneider Capital Management
Pennsylvania
-$126K
Name Holding Trade Value Shares
Change 		Change in
Stake
CP
1
Centerbridge Partners
New York
$130M – – –
AMH
2
Apollo Management Holdings
New York
$5.84M – – –
SH
3
Scepter Holdings
Texas
$1.23M – – –
SFM
4
Soros Fund Management
New York
$426K – – –
Bank of America
5
Bank of America
North Carolina
$357K -$8.52K -1,408 -2%
RG
6
Raynor Geoffrey
$331K – – –
California Public Employees Retirement System
7
California Public Employees Retirement System
California
$112K – – –
PH
8
Pinnacle Holdings
Oklahoma
$95K -$647 -107 -0.6%
Vanguard Group
9
Vanguard Group
Pennsylvania
$93K +$9.24K +1,528 +10%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$85K -$615K -101,576 -99%
Citigroup
11
Citigroup
New York
$78K – – –
Goldman Sachs
12
Goldman Sachs
New York
$60K +$15K +2,483 +31%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$25K – – –
Citadel Advisors
14
Citadel Advisors
Florida
$24K +$7.05K +1,165 +37%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$19K +$3.18K +525 +19%
MP
16
MSD Partners
New York
$16K – – –
TSS
17
Two Sigma Securities
New York
$15K +$15.7K +2,603 New
Northern Trust
18
Northern Trust
Illinois
$13K – – –
RA
19
Royce & Associates
New York
$11K -$195K -32,258 -95%
T. Rowe Price Associates
20
T. Rowe Price Associates
Maryland
$10K – – –
AA
21
Apriem Advisors
California
$7K – – –
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$2K – – –
CG
23
Cutler Group
California
$2K +$242 +40 +11%
UBS Group
24
UBS Group
Switzerland
$1K -$133 -22 -17%
BA
25
BlackRock Advisors
Delaware
$1K – – –
1
2

GNK Hedge Fund Activity: Q2 2016 in Review

29 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2016, worth a combined $139M — up 381% from $28.8M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of GNK and 1 opened new positions — a net loss of 7 holders — while 5 trimmed existing stakes and 7 added.

The largest buyer was Two Sigma Securities, opening a new position worth an estimated $15.7K. The largest seller was Alden Global Capital, exiting entirely with an estimated $3.23M sold.

  • 29 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2016, down from 36 in Q1 2016.
  • Funds reported $139M of Genco Shipping & Trading stock for Q2 2016, up 381% quarter-over-quarter.
  • 1 fund opened new Genco Shipping & Trading positions in Q2 2016 and 8 closed out, a net change of -7 holders.
  • The largest Genco Shipping & Trading buyer in Q2 2016 was Two Sigma Securities, an estimated $15.7K added.
  • The largest Genco Shipping & Trading seller in Q2 2016 was Alden Global Capital, an estimated $3.23M sold.

Based on aggregated 13F filings for Q2 2016.