We are live on ! Find out more
GNK icon

Genco Shipping & Trading
GNK

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
68
Holders Change
-21
Holders Change %
-23.6%
% of All Funds
1.52%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
9
Increased
28
Reduced
18
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MP
Mangrove Partners
Connecticut
+$9.29M
2
QGA
Q Global Advisors
Texas
+$2.6M
3
BCM
Bridgeway Capital Management
Texas
+$1.88M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.47M
5
Deutsche Bank
Deutsche Bank
Germany
+$1.45M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$9.66M
2
American Century Companies
American Century Companies
Missouri
-$3.64M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$3.31M
4
Marshall Wace
Marshall Wace
United Kingdom
-$3.04M
5
Morgan Stanley
Morgan Stanley
New York
-$1.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
CP
1
Centerbridge Partners
New York
$82.7M – – –
SVP
2
Strategic Value Partners
Connecticut
$80.2M – – –
AMH
3
Apollo Management Holdings
New York
$42.7M – – –
EGA
4
Evermore Global Advisors
New Jersey
$15.9M +$925K +90,800 +5%
MP
5
Mangrove Partners
Connecticut
$9.63M +$9.29M +911,990 +295%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$7M +$1.47M +144,439 +19%
BlackRock
7
BlackRock
New York
$5.48M +$748K +73,466 +12%
RG
8
Raynor Geoffrey
$4.93M +$255K +25,000 +4%
Renaissance Technologies
9
Renaissance Technologies
New York
$4.68M +$58.1K +5,700 +1%
QGA
10
Q Global Advisors
Texas
$3.62M +$2.6M +255,196 +125%
Vanguard Group
11
Vanguard Group
Pennsylvania
$2.18M +$377K +37,036 +15%
Marshall Wace
12
Marshall Wace
United Kingdom
$1.66M -$3.04M -298,414 -59%
RCIM
13
Russell Clark Investment Management
United Kingdom
$1.62M -$234K -23,000 -10%
BCM
14
Bridgeway Capital Management
Texas
$1.58M +$1.88M +185,000 +1,233%
Deutsche Bank
15
Deutsche Bank
Germany
$1.51M +$1.45M +142,074 +286%
Two Sigma Investments
16
Two Sigma Investments
New York
$1.29M -$857K -84,164 -34%
State Street
17
State Street
Massachusetts
$1.12M +$28.9K +2,837 +2%
TCIM
18
TIAA CREF Investment Management
New York
$1.11M -$1.09M -107,480 -43%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$1.1M -$669K -65,730 -32%
Northern Trust
20
Northern Trust
Illinois
$975K +$33.6K +3,298 +3%
6CM
21
683 Capital Management
New York
$933K +$509K +50,000 +73%
Two Sigma Advisers
22
Two Sigma Advisers
New York
$899K -$39.7K -3,900 -3%
CEP
23
Chicago Equity Partners
Illinois
$757K -$2.14K -210 -0.2%
D.E. Shaw & Co
24
D.E. Shaw & Co
New York
$744K +$251K +24,657 +35%
WMSA
25
Weiss Multi-Strategy Advisers
New York
$560K +$722K +70,935 New
1
2 3 4

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.