Global Ship Lease
21 hedge funds and large institutions have $24M invested in Global Ship Lease in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 9 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
2.51% more ownership
Funds ownership: 34.49% → 37% (+2.5%)
22% less funds holding
Funds holding: 27 → 21 (-6)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
55% less capital invested
Capital invested by funds: $53.5M → $24M (-$29.4M)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$3.59M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.25M |
| 3 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$712K |
| 4 |
Renaissance Technologies
New York
|
+$399K |
| 5 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$1.15M |
| 2 |
RC
RBF Capital
San Francisco,
California
|
-$773K |
| 3 |
MA
MYDA Advisors
Woodmere,
New York
|
-$757K |
| 4 |
FM
Fondren Management
Houston,
Texas
|
-$551K |
| 5 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$150K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
JP Morgan Chase
New York
| – | -$59K | -6,663 | Closed |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$24K | -2,821 | Closed |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| – | -$6K | -659 | Closed |
|
29
Bank of America
Charlotte,
North Carolina
| – | +$292 | +45 | New |
|
GSL Hedge Fund Activity: Q1 2020 in Review
21 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Global Ship Lease (GSL) for Q1 2020, worth a combined $24M — down 55% from $53.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GSL and 3 opened new positions — a net loss of 6 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $3.59M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $1.15M sold.
- 21 institutional investors held Global Ship Lease (GSL) as of Q1 2020, down from 27 in Q4 2019.
- Funds reported $24M of Global Ship Lease stock for Q1 2020, down 55% quarter-over-quarter.
- 3 funds opened new Global Ship Lease positions in Q1 2020 and 9 closed out, a net change of -6 holders.
- The largest Global Ship Lease buyer in Q1 2020 was B. Riley Wealth Management, an estimated $3.59M added.
- The largest Global Ship Lease seller in Q1 2020 was First Trust Capital Management, an estimated $1.15M sold.
Based on aggregated 13F filings for Q1 2020.