Genco Shipping & Trading
153 hedge funds and large institutions have $366M invested in Genco Shipping & Trading in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 57 increasing their positions, 46 reducing their positions, and 29 closing their positions.
37% more call options, than puts
Call options by funds: $8.98M | Put options by funds: $6.53M
24% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 46
17% more capital invested
Capital invested by funds: $313M → $366M (+$53M)
0.89% more ownership
Funds ownership: 54.36% → 55.25% (+0.89%)
7% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 29
4% less funds holding
Funds holding: 160 → 153 (-7)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$20.3M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.56M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$6.78M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$6.21M |
| 5 |
IAM
Ion Asset Management
Herzliya,
Israel
|
+$5.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
-$11.1M |
| 2 |
Renaissance Technologies
New York
|
-$10.9M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$10.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.64M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.52M |
GNK Hedge Fund Activity: Q1 2023 in Review
153 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Genco Shipping & Trading (GNK) for Q1 2023, worth a combined $366M — up 17% from $313M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of GNK and 27 opened new positions — a net loss of 2 holders — while 46 trimmed existing stakes and 57 added.
The largest buyer was Mirae Asset Global Investments, adding an estimated $20.3M. The largest seller was Centerbridge Partners, exiting entirely with an estimated $11.1M sold.
- 153 institutional investors held Genco Shipping & Trading (GNK) as of Q1 2023, down from 160 in Q4 2022.
- Funds reported $366M of Genco Shipping & Trading stock for Q1 2023, up 17% quarter-over-quarter.
- 27 funds opened new Genco Shipping & Trading positions in Q1 2023 and 29 closed out, a net change of -2 holders.
- The largest Genco Shipping & Trading buyer in Q1 2023 was Mirae Asset Global Investments, an estimated $20.3M added.
- The largest Genco Shipping & Trading seller in Q1 2023 was Centerbridge Partners, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2023.