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Genco Shipping & Trading
GNK

22 hedge funds and large institutions have $29.1M invested in Genco Shipping & Trading in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 2

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

71% more capital invested

Capital invested by funds: $17.1M → $29.1M (+$12.1M)

16% more funds holding

Funds holding: 19 → 22 (+3)

3% more ownership

Funds ownership: 50.69% → 53.7% (+3%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
22
Holders Change
+3
Holders Change %
+15.79%
% of All Funds
0.55%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
7
Increased
5
Reduced
2
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BC
Brookfield Corp
Ontario, Canada
+$1.04M
2
RG
Raynor Geoffrey
+$245K
3
DTL
Dynamic Technology Lab
Singapore
+$175K
4
Vanguard Group
Vanguard Group
Pennsylvania
+$147K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$119K

Top Sellers

1
SH
Scepter Holdings
Texas
-$313K
2
Goldman Sachs
Goldman Sachs
New York
-$60K
3
UBS Group
UBS Group
Switzerland
-$1K
4
CP
Centerbridge Partners
New York
-$14
Name Holding Trade Value Shares
Change 		Change in
Stake
CP
1
Centerbridge Partners
New York
$16.8M -$14 -2 -0%
AMH
2
Apollo Management Holdings
New York
$7.56M – – –
SH
3
Scepter Holdings
Texas
$1.26M -$313K -45,133 -21%
BC
4
Brookfield Corp
Ontario, Canada
$1.11M +$1.04M +150,000 New
RG
5
Raynor Geoffrey
$690K +$245K +35,340 +61%
SFM
6
Soros Fund Management
New York
$552K – – –
Vanguard Group
7
Vanguard Group
Pennsylvania
$296K +$147K +21,183 +113%
DTL
8
Dynamic Technology Lab
Singapore
$186K +$175K +25,182 New
California Public Employees Retirement System
9
California Public Employees Retirement System
California
$145K – – –
Geode Capital Management
10
Geode Capital Management
Massachusetts
$126K +$119K +17,155 New
PH
11
Pinnacle Holdings
Oklahoma
$117K +$33K +4,756 +43%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$102K +$96.1K +13,842 New
Citigroup
13
Citigroup
New York
$100K – – –
BFA
14
BlackRock Fund Advisors
California
$44K +$39.8K +5,736 +2,165%
Barclays
15
Barclays
United Kingdom
$30K +$27.8K +4,000 New
AA
16
Apriem Advisors
California
$9K – – –
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$3K +$146 +21 +5%
CG
18
Cutler Group
California
$2K – – –
BA
19
BlackRock Advisors
Delaware
$1K – – –
Morgan Stanley
20
Morgan Stanley
New York
$1K – – –
MTIP
21
Magee Thomson Investment Partners
California
$1K +$639 +92 New
Goldman Sachs
22
Goldman Sachs
New York
– -$60K -13,013 Closed
UBS Group
23
UBS Group
Switzerland
– -$1K -328 Closed
Bank of America
24
Bank of America
North Carolina
– +$201 +29 New

GNK Hedge Fund Activity: Q4 2016 in Review

22 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q4 2016, worth a combined $29.1M — up 71% from $17.1M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new GNK positions and 4 closed out — a net gain of 3 holders — while 5 added to existing stakes and 2 trimmed.

The largest buyer was Brookfield Corp, opening a new position worth an estimated $1.04M. The largest seller was Scepter Holdings, cutting an estimated $313K.

  • 22 institutional investors held Genco Shipping & Trading (GNK) as of Q4 2016, up from 19 in Q3 2016.
  • Funds reported $29.1M of Genco Shipping & Trading stock for Q4 2016, up 71% quarter-over-quarter.
  • 7 funds opened new Genco Shipping & Trading positions in Q4 2016 and 4 closed out, a net change of +3 holders.
  • The largest Genco Shipping & Trading buyer in Q4 2016 was Brookfield Corp, an estimated $1.04M added.
  • The largest Genco Shipping & Trading seller in Q4 2016 was Scepter Holdings, an estimated $313K sold.

Based on aggregated 13F filings for Q4 2016.