Genco Shipping & Trading
96 hedge funds and large institutions have $565M invested in Genco Shipping & Trading in 2018 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 33 increasing their positions, 11 reducing their positions, and 5 closing their positions.
680% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 5
200% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 11
55% more funds holding
Funds holding: 62 → 96 (+34)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
30% more capital invested
Capital invested by funds: $436M → $565M (+$129M)
1.04% less ownership
Funds ownership: 88.75% → 87.71% (-1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGA
Evermore Global Advisors
Summit,
New Jersey
|
+$30.9M |
| 2 |
Millennium Management
New York
|
+$11.2M |
| 3 |
Renaissance Technologies
New York
|
+$5.67M |
| 4 |
BlackRock
New York
|
+$5.66M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$9.65M |
| 2 |
RG
Raynor Geoffrey
|
-$5.1M |
| 3 |
QF
QVT Financial
New York
|
-$1.1M |
| 4 |
BCM
Bienville Capital Management
New York
|
-$452K |
| 5 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$425K |
GNK Hedge Fund Activity: Q2 2018 in Review
96 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2018, worth a combined $565M — up 30% from $436M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new GNK positions and 5 closed out — a net gain of 34 holders — while 33 added to existing stakes and 11 trimmed.
The largest buyer was Evermore Global Advisors, opening a new position worth an estimated $30.9M. The largest seller was Mangrove Partners, exiting entirely with an estimated $9.65M sold.
- 96 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2018, up from 62 in Q1 2018.
- Funds reported $565M of Genco Shipping & Trading stock for Q2 2018, up 30% quarter-over-quarter.
- 39 funds opened new Genco Shipping & Trading positions in Q2 2018 and 5 closed out, a net change of +34 holders.
- The largest Genco Shipping & Trading buyer in Q2 2018 was Evermore Global Advisors, an estimated $30.9M added.
- The largest Genco Shipping & Trading seller in Q2 2018 was Mangrove Partners, an estimated $9.65M sold.
Based on aggregated 13F filings for Q2 2018.