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Genco Shipping & Trading
GNK

70 hedge funds and large institutions have $209M invested in Genco Shipping & Trading in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 19

21% more call options, than puts

Call options by funds: $371K | Put options by funds: $306K

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

4% less capital invested

Capital invested by funds: $218M → $209M (-$8.33M)

1.52% less ownership

Funds ownership: 81.27% → 79.75% (-1.5%)

11% less funds holding

Funds holding: 79 → 70 (-9)

44% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 18

Holders
70
Holders Change
-9
Holders Change %
-11.39%
% of All Funds
1.44%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
10
Increased
25
Reduced
19
Closed
18
Calls
$371K
Puts
$306K
Net Calls
+$65K
Net Calls Change
-$685K

Top Buyers

1
BlackRock
BlackRock
New York
+$445K
2
1CM
1492 Capital Management
Wisconsin
+$405K
3
PAM
Panagora Asset Management
Massachusetts
+$359K
4
Goldman Sachs
Goldman Sachs
New York
+$274K
5
PCM
Prelude Capital Management
New York
+$243K

Top Sellers

1
Millennium Management
Millennium Management
New York
-$1.26M
2
MP
Mangrove Partners
Connecticut
-$1.23M
3
EGA
Evermore Global Advisors
New Jersey
-$853K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$491K
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$374K
Name Holding Trade Value Shares
Change 		Change in
Stake
CP
1
Centerbridge Partners
New York
$65.9M – – –
SVP
2
Strategic Value Partners
Connecticut
$51.3M – – –
AMH
3
Apollo Management Holdings
New York
$34M – – –
EGA
4
Evermore Global Advisors
New Jersey
$13M -$853K -147,372 -7%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$8.79M +$193K +33,309 +2%
MP
6
Mangrove Partners
Connecticut
$8.59M -$1.23M -212,238 -13%
BlackRock
7
BlackRock
New York
$7.46M +$445K +76,908 +7%
BCM
8
Bridgeway Capital Management
Texas
$2.12M +$76.4K +13,200 +4%
Vanguard Group
9
Vanguard Group
Pennsylvania
$1.93M -$76.4K -13,195 -4%
State Street
10
State Street
Massachusetts
$1.75M +$24.9K +4,307 +2%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$1.49M -$6.99K -1,207 -0.5%
Northern Trust
12
Northern Trust
Illinois
$1.37M +$122K +21,111 +11%
6CM
13
683 Capital Management
New York
$1.13M – – –
Arrowstreet Capital
14
Arrowstreet Capital
Massachusetts
$1.06M -$491K -84,893 -33%
N
15
Nuveen
North Carolina
$1.04M -$116K -20,003 -11%
Renaissance Technologies
16
Renaissance Technologies
New York
$615K -$174K -30,030 -23%
Victory Capital Management
17
Victory Capital Management
Texas
$510K -$61.2K -10,579 -12%
Goldman Sachs
18
Goldman Sachs
New York
$456K +$274K +47,330 +187%
1CM
19
1492 Capital Management
Wisconsin
$439K +$405K +69,909 New
PAM
20
Panagora Asset Management
Massachusetts
$390K +$359K +62,074 New
Bank of New York Mellon
21
Bank of New York Mellon
New York
$364K +$29.3K +5,064 +10%
Invesco
22
Invesco
Georgia
$363K -$19.1K -3,296 -5%
Wells Fargo
23
Wells Fargo
California
$356K +$85.1K +14,702 +35%
V
24
ValueWorks
New York
$345K – – –
AA
25
Ancora Advisors
Ohio
$329K -$19.1K -3,305 -6%
1
2 3 4

GNK Hedge Fund Activity: Q2 2020 in Review

70 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2020, worth a combined $209M — down 3.8% from $218M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of GNK and 10 opened new positions — a net loss of 8 holders — while 19 trimmed existing stakes and 25 added.

The largest buyer was BlackRock, adding an estimated $445K. The largest seller was Millennium Management, exiting entirely with an estimated $1.26M sold.

  • 70 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2020, down from 79 in Q1 2020.
  • Funds reported $209M of Genco Shipping & Trading stock for Q2 2020, down 3.8% quarter-over-quarter.
  • 10 funds opened new Genco Shipping & Trading positions in Q2 2020 and 18 closed out, a net change of -8 holders.
  • The largest Genco Shipping & Trading buyer in Q2 2020 was BlackRock, an estimated $445K added.
  • The largest Genco Shipping & Trading seller in Q2 2020 was Millennium Management, an estimated $1.26M sold.

Based on aggregated 13F filings for Q2 2020.