Genco Shipping & Trading
171 hedge funds and large institutions have $591M invested in Genco Shipping & Trading in 2022 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 66 increasing their positions, 43 reducing their positions, and 29 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 43
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 29
4% more funds holding
Funds holding: 165 → 171 (+6)
4.64% less ownership
Funds ownership: 77.24% → 72.61% (-4.6%)
23% less capital invested
Capital invested by funds: $764M → $591M (-$173M)
40% less call options, than puts
Call options by funds: $7.18M | Put options by funds: $11.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$15.3M |
| 2 |
IAM
Ion Asset Management
Herzliya,
Israel
|
+$13.8M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$10.5M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$8.31M |
| 5 |
Renaissance Technologies
New York
|
+$7.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$71.5M |
| 2 |
Millennium Management
New York
|
-$25M |
| 3 |
Two Sigma Investments
New York
|
-$8.26M |
| 4 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$5.97M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$5.63M |
GNK Hedge Fund Activity: Q2 2022 in Review
171 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q2 2022, worth a combined $591M — down 23% from $764M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new GNK positions and 29 closed out — a net gain of 11 holders — while 66 added to existing stakes and 43 trimmed.
The largest buyer was BlackRock, adding an estimated $15.3M. The largest seller was Fidelity Investments, cutting an estimated $71.5M.
- 171 institutional investors held Genco Shipping & Trading (GNK) as of Q2 2022, up from 165 in Q1 2022.
- Funds reported $591M of Genco Shipping & Trading stock for Q2 2022, down 23% quarter-over-quarter.
- 40 funds opened new Genco Shipping & Trading positions in Q2 2022 and 29 closed out, a net change of +11 holders.
- The largest Genco Shipping & Trading buyer in Q2 2022 was BlackRock, an estimated $15.3M added.
- The largest Genco Shipping & Trading seller in Q2 2022 was Fidelity Investments, an estimated $71.5M sold.
Based on aggregated 13F filings for Q2 2022.