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Genco Shipping & Trading
GNK

79 hedge funds and large institutions have $218M invested in Genco Shipping & Trading in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 29 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

254% more call options, than puts

Call options by funds: $1.04M | Put options by funds: $295K

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

1% more funds holding

Funds holding: 78 → 79 (+1)

2.78% less ownership

Funds ownership: 84.05% → 81.27% (-2.8%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

38% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 29

42% less capital invested

Capital invested by funds: $374M → $218M (-$157M)

Holders
79
Holders Change
+1
Holders Change %
+1.28%
% of All Funds
1.74%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
13
Increased
18
Reduced
29
Closed
11
Calls
$1.04M
Puts
$295K
Net Calls
+$750K
Net Calls Change
+$516K

Top Buyers

1
BCM
Bridgeway Capital Management
Texas
+$952K
2
PPA
Parametric Portfolio Associates
Washington
+$653K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$639K
4
N
Nuveen
North Carolina
+$475K
5
Victory Capital Management
Victory Capital Management
Texas
+$469K

Top Sellers

1
HRCM
Hawk Ridge Capital Management
California
-$6.58M
2
EWM
Edge Wealth Management
New York
-$1.65M
3
RCIM
Russell Clark Investment Management
United Kingdom
-$1.43M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.11M
5
Renaissance Technologies
Renaissance Technologies
New York
-$878K
Name Holding Trade Value Shares
Change 		Change in
Stake
CP
1
Centerbridge Partners
New York
$67.3M – – –
SVP
2
Strategic Value Partners
Connecticut
$52.4M – – –
AMH
3
Apollo Management Holdings
New York
$34.8M – – –
EGA
4
Evermore Global Advisors
New Jersey
$14.3M – – –
MP
5
Mangrove Partners
Connecticut
$10.1M -$667K -87,500 -5%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$8.77M +$639K +83,821 +7%
BlackRock
7
BlackRock
New York
$7.13M +$233K +30,596 +3%
BCM
8
Bridgeway Capital Management
Texas
$2.09M +$952K +125,000 +63%
Vanguard Group
9
Vanguard Group
Pennsylvania
$2.06M -$26.4K -3,470 -1%
State Street
10
State Street
Massachusetts
$1.76M -$146K -19,224 -7%
Arrowstreet Capital
11
Arrowstreet Capital
Massachusetts
$1.63M -$1.11M -145,521 -36%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$1.53M +$131K +17,165 +8%
Millennium Management
13
Millennium Management
New York
$1.26M -$769K -100,892 -34%
Northern Trust
14
Northern Trust
Illinois
$1.26M +$187K +24,588 +14%
N
15
Nuveen
North Carolina
$1.19M +$475K +62,383 +51%
6CM
16
683 Capital Management
New York
$1.16M – – –
Renaissance Technologies
17
Renaissance Technologies
New York
$822K -$878K -115,300 -47%
Victory Capital Management
18
Victory Capital Management
Texas
$588K +$469K +61,503 +203%
PPA
19
Parametric Portfolio Associates
Washington
$550K +$653K +85,723 New
Invesco
20
Invesco
Georgia
$393K +$180K +23,620 +63%
Massachusetts Financial Services
21
Massachusetts Financial Services
Massachusetts
$374K +$443K +58,193 New
AA
22
Ancora Advisors
Ohio
$358K +$72.4K +9,499 +21%
V
23
ValueWorks
New York
$353K – – –
JP Morgan Chase
24
JP Morgan Chase
New York
$347K +$285K +37,410 +225%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$340K -$15.7K -2,055 -4%
1
2 3 4

GNK Hedge Fund Activity: Q1 2020 in Review

79 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2020, worth a combined $218M — down 42% from $374M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new GNK positions and 11 closed out — a net gain of 2 holders — while 18 added to existing stakes and 29 trimmed.

The largest buyer was Bridgeway Capital Management, adding an estimated $952K. The largest seller was Hawk Ridge Capital Management, exiting entirely with an estimated $6.58M sold.

  • 79 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2020, up from 78 in Q4 2019.
  • Funds reported $218M of Genco Shipping & Trading stock for Q1 2020, down 42% quarter-over-quarter.
  • 13 funds opened new Genco Shipping & Trading positions in Q1 2020 and 11 closed out, a net change of +2 holders.
  • The largest Genco Shipping & Trading buyer in Q1 2020 was Bridgeway Capital Management, an estimated $952K added.
  • The largest Genco Shipping & Trading seller in Q1 2020 was Hawk Ridge Capital Management, an estimated $6.58M sold.

Based on aggregated 13F filings for Q1 2020.