Genco Shipping & Trading
67 hedge funds and large institutions have $321M invested in Genco Shipping & Trading in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 11 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
10% more capital invested
Capital invested by funds: $293M → $321M (+$28M)
3% more funds holding
Funds holding: 65 → 67 (+2)
1% more ownership
Funds ownership: 83.27% → 84.27% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$2.35M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.14M |
| 3 |
Goldman Sachs
New York
|
+$929K |
| 4 |
State Street
Boston,
Massachusetts
|
+$625K |
| 5 |
AIM
Alambic Investment Management
Belvedere,
California
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.03M |
| 2 |
Renaissance Technologies
New York
|
-$573K |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$475K |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$341K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$329K |
GNK Hedge Fund Activity: Q3 2019 in Review
67 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q3 2019, worth a combined $321M — up 9.6% from $293M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GNK positions and 11 closed out — a net gain of 2 holders — while 20 added to existing stakes and 12 trimmed.
The largest buyer was Nuveen, adding an estimated $2.35M. The largest seller was JP Morgan Chase, cutting an estimated $1.03M.
- 67 institutional investors held Genco Shipping & Trading (GNK) as of Q3 2019, up from 65 in Q2 2019.
- Funds reported $321M of Genco Shipping & Trading stock for Q3 2019, up 9.6% quarter-over-quarter.
- 13 funds opened new Genco Shipping & Trading positions in Q3 2019 and 11 closed out, a net change of +2 holders.
- The largest Genco Shipping & Trading buyer in Q3 2019 was Nuveen, an estimated $2.35M added.
- The largest Genco Shipping & Trading seller in Q3 2019 was JP Morgan Chase, an estimated $1.03M sold.
Based on aggregated 13F filings for Q3 2019.