Genco Shipping & Trading
68 hedge funds and large institutions have $282M invested in Genco Shipping & Trading in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 30 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
2.44% less ownership
Funds ownership: 88.4% → 85.96% (-2.4%)
24% less funds holding
Funds holding: 89 → 68 (-21)
45% less capital invested
Capital invested by funds: $514M → $282M (-$232M)
70% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$9.29M |
| 2 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
+$2.6M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.88M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.47M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$9.66M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$3.64M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.31M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$3.04M |
| 5 |
Morgan Stanley
New York
|
-$1.63M |
GNK Hedge Fund Activity: Q4 2018 in Review
68 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q4 2018, worth a combined $282M — down 45% from $514M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of GNK and 9 opened new positions — a net loss of 21 holders — while 18 trimmed existing stakes and 28 added.
The largest buyer was Mangrove Partners, adding an estimated $9.29M. The largest seller was Millennium Management, exiting entirely with an estimated $9.66M sold.
- 68 institutional investors held Genco Shipping & Trading (GNK) as of Q4 2018, down from 89 in Q3 2018.
- Funds reported $282M of Genco Shipping & Trading stock for Q4 2018, down 45% quarter-over-quarter.
- 9 funds opened new Genco Shipping & Trading positions in Q4 2018 and 30 closed out, a net change of -21 holders.
- The largest Genco Shipping & Trading buyer in Q4 2018 was Mangrove Partners, an estimated $9.29M added.
- The largest Genco Shipping & Trading seller in Q4 2018 was Millennium Management, an estimated $9.66M sold.
Based on aggregated 13F filings for Q4 2018.