DANAOS CORPORATION DAC
SHS · Common Stock · CUSIP Y1968P121 · ISIN MHY1968P1218
- SectorIndustrials
- IndustryDeep Sea Foreign Transportation of Freight
- HeadquartersMajuro Atoll, Marshall Islands
- Founded1972
- Websitedanaos.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.7m this quarter). Holder counts are more reliable. Shares outstanding: 18.3m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $89.80. Options: 4 managers hold calls ($7.7m notional), 6 hold puts ($23.9m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 105 |
| Q4 2022 | 94 |
| Q1 2023 | 92 |
| Q2 2023 | 103 |
| Q3 2023 | 109 |
| Q4 2023 | 114 |
| Q1 2024 | 129 |
| Q2 2024 | 132 |
| Q3 2024 | 125 |
| Q4 2024 | 118 |
| Q1 2025 | 113 |
| Q2 2025 | 112 |
| Q3 2025 | 123 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 60 | 45 |
| Q1 2024 | 73 | 49 |
| Q2 2024 | 75 | 62 |
| Q3 2024 | 59 | 65 |
| Q4 2024 | 58 | 66 |
| Q1 2025 | 52 | 62 |
| Q2 2025 | 56 | 63 |
| Q3 2025 | 71 | 39 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $16.6m | $18.6m | 1.12 |
| Q1 2025 | $4.9m | $3.0m | 0.62 |
| Q2 2025 | $14.6m | $4.9m | 0.34 |
| Q3 2025 | $7.7m | $23.9m | 3.09 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +113.5k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +84.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +82.5k |
| Hartree Partners, LP | New | +45.1k |
| GOLDMAN SACHS GROUP INC | Added | +33.2k |
| Hi-Line Capital Management, LLC | Added | +28.4k |
| LAZARD ASSET MANAGEMENT LLC | New | +28.3k |
| Cubist Systematic Strategies, LLC | Added | +27.4k |
| UBS Group AG | Added | +24.2k |
| MARSHALL WACE, LLP | Added | +19.5k |
Biggest sellers
| Ion Asset Management Ltd. | Reduced | -260.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -121.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -58.2k |
| Bastion Asset Management Inc. | Reduced | -27.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -18.3k |
| TWO SIGMA ADVISERS, LP | Reduced | -17.9k |
| Campbell & CO Investment Adviser LLC | Reduced | -11.2k |
| MORGAN STANLEY | Reduced | -10.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -9.7k |
| Russell Investments Group, Ltd. | Sold out | -9.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m34.5k shares |
| WOLVERINE TRADING, LLC | Added | $1.8m19.8k shares |
| JANE STREET GROUP, LLC | Reduced | $1.6m17.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m14.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.8m131.4k shares |
| CITADEL ADVISORS LLC | Added | $6.7m75.0k shares |
| GROUP ONE TRADING LLC | Added | $2.4m26.6k shares |
| JANE STREET GROUP, LLC | Added | $1.3m14.1k shares |
| WOLVERINE TRADING, LLC | Added | $1.1m11.7k shares |
| SIMPLEX TRADING, LLC | Added | $628.0k7.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Danaos Investment LTD as Trustee of the 883 Trust
13D · may seek influence
+1.3 pts · filed 2025-11-19
Stated purposeItem 4 of the Statement is hereby amended by adding the following paragraphs to the end of Item 4: This Amendment No. 9 updates the number of shares of Common Stock beneficially owned by the Reporting Persons to reflect that on November 14, 2025, 100,000 shares of Common Stock were granted to Dr. Coustas as a compensatory equity award and are held by DIL and 100,000 shares were acquired by DIL pursuant to the Amended and Restated Management Agreement. This Amendment No. 9 also updates the percentage of outstanding Common Stock of the Company beneficially owned by the Reporting Persons, including to reflect repurchases under the Company's common stock repurchase program. Full filing |
51.8% |
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| RBF Capital, LLC 1.73% of their portfolio | 418.0k $37.5m | Unchanged |
| Ion Asset Management Ltd. 4.33% of their portfolio | 394.3k $35.4m | Reduced -260.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio | 389.8k $35.0m | Added +84.7k |
| No Street GP LP 1.49% of their portfolio | 250.0k $22.5m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 196.4k $17.6m | Added +113.5k |
| MORGAN STANLEY 0.00% of their portfolio | 177.9k $16.0m | Reduced -10.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 161.2k $14.5m | Reduced -121.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 133.4k $12.0m | Added +82.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 70.9k $6.4m | Added +1.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 69.3k $6.2m | Added +11.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 67.1k $6.0m | Added +33.2k |
| BlackRock, Inc. 0.00% of their portfolio | 64.9k $5.8m | Added +13.9k |
| Hi-Line Capital Management, LLC 1.62% of their portfolio | 57.1k $5.1m | Added +28.4k |
| UBS Group AG 0.00% of their portfolio | 54.5k $4.9m | Added +24.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 52.5k $4.7m | Added +11.7k |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 50.8k $4.6m | Added +27.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 47.8k $4.3m | Reduced -18.3k |
| Hartree Partners, LP 1.41% of their portfolio | 45.1k $4.1m | New |
| ADVISORY RESEARCH INC 0.46% of their portfolio | 38.7k $3.5m | Added +1.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 38.0k $3.4m | Added +706 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 37.5k $3.4m | Reduced -58.2k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 35.7k $3.2m | Reduced -9.7k |
| HRT FINANCIAL LP 0.01% of their portfolio | 30.2k $2.7m | Added +11.3k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 28.3k $2.5m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 27.8k $2.5m | Added +17.3k |
| DGS Capital Management, LLC 0.42% of their portfolio | 25.3k $2.3m | Added +1.7k |
| Jump Financial, LLC 0.03% of their portfolio | 24.3k $2.2m | Added +4.8k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 24.2k $2.2m | Reduced -17.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 23.6k $2.1m | Added +17.7k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 22.7k $2.0m | Added +19.5k |
| Walleye Capital LLC 0.02% of their portfolio | 22.0k $2.0m | Added +8.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 19.8k $1.8m | Reduced -2.5k |
| PDT Partners, LLC 0.11% of their portfolio | 19.1k $1.7m | Added +8.5k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 18.3k $1.6m | Added +11.2k |
| Verition Fund Management LLC 0.01% of their portfolio | 18.2k $1.6m | Added +14.3k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 17.4k $1.6m | Added +14.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 17.3k $1.6m | New |
| Fiera Capital Corp 0.00% of their portfolio | 15.9k $1.4m | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 15.5k $1.4m | Added +4.4k |
| STATE STREET CORP 0.00% of their portfolio | 15.4k $1.4m | Reduced -959 |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 14.8k $1.3m | New |
| CORSAIR CAPITAL MANAGEMENT, L.P. 0.22% of their portfolio | 14.0k $1.3m | Unchanged |
| Redhawk Wealth Advisors, Inc. 0.14% of their portfolio | 13.8k $1.2m | Added +1.2k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 12.3k $1.1m | Added +3.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 11.2k $1.0m | Reduced -5.7k |
| Bastion Asset Management Inc. 0.51% of their portfolio | 10.1k $893.5k | Reduced -27.4k |
| Invesco Ltd. 0.00% of their portfolio | 9.8k $876.8k | Reduced -9.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 9.5k $856.9k | Reduced -1.8k |
| QUADRANT CAPITAL GROUP LLC 0.03% of their portfolio | 9.3k $833.5k | New |
| Tidal Investments LLC 0.00% of their portfolio | 9.1k $821.6k | Added +1.3k |
| Dynamic Technology Lab Private Ltd 0.14% of their portfolio | 9.1k $817.0k | New |
| Inspire Advisors, LLC 0.07% of their portfolio | 7.8k $696.7k | Reduced -1.9k |
| PFG Advisors 0.03% of their portfolio | 7.6k $686.0k | Added +1.0k |
| Vident Advisory, LLC 0.01% of their portfolio | 7.6k $685.8k | Reduced -759 |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 6.9k $622.7k | New |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 6.8k $615.0k | New |
| Creative Planning 0.00% of their portfolio | 6.8k $610.0k | Added +803 |
| Quadrature Capital Ltd 0.01% of their portfolio | 5.7k $508.1k | New |
| State of Wyoming 0.06% of their portfolio | 5.5k $491.6k | Added +3.3k |
| Aquatic Capital Management LLC 0.01% of their portfolio | 5.4k $484.1k | First filing |
| Engineers Gate Manager LP 0.01% of their portfolio | 5.2k $463.2k | New |
| CastleKnight Management LP 0.02% of their portfolio | 5.1k $458.0k | Unchanged |
| SG Americas Securities, LLC 0.00% of their portfolio | 4.6k $414.0k | Added +1.9k |
| MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 4.6k $409.8k | Reduced -2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 4.5k $404.7k | Reduced -93 |
| Balefire, LLC 0.08% of their portfolio | 4.3k $389.8k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.3k $388.0k | New |
| Westhampton Capital, LLC 0.19% of their portfolio | 4.3k $382.1k | Unchanged |
| VICTORY FINANCIAL GROUP, LLC 0.05% of their portfolio | 4.0k $360.3k | Reduced -166 |
| GSA CAPITAL PARTNERS LLP 0.03% of their portfolio | 3.8k $344.0k | Reduced -4.6k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 3.8k $341.4k | Added +21 |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 3.8k $339.4k | Added +3.4k |
| Centiva Capital, LP 0.03% of their portfolio | 3.4k $306.4k | Reduced -814 |
| Aigen Investment Management, LP 0.05% of their portfolio | 3.3k $296.5k | Added +15 |
| OneDigital Investment Advisors LLC 0.00% of their portfolio | 3.3k $295.7k | Added +3 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 3.3k $294.8k | New |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 3.2k $290.7k | Added +659 |
| EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio | 3.0k $267.6k | Added +207 |
| Aristides Capital LLC 0.08% of their portfolio | 3.0k $266.9k | Added +116 |
| Campbell & CO Investment Adviser LLC 0.02% of their portfolio | 2.9k $256.6k | Reduced -11.2k |
| Groupe la Francaise 0.00% of their portfolio | 2.7k $206.6k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 2.6k $229.9k | Reduced -45 |
| R Squared Ltd 0.10% of their portfolio | 2.5k $226.4k | New |
| LPL Financial LLC 0.00% of their portfolio | 2.5k $221.3k | Reduced -41 |
| COMMERCE BANK 0.00% of their portfolio | 2.4k $212.0k | Unchanged |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 2.2k $202.0k | Reduced -5.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 2.1k $193.0k | Added +1.8k |
| Allworth Financial LP 0.00% of their portfolio | 1.5k $137.6k | Added +20 |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 1.2k $111.6k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 1.2k $108.5k | Added +85 |
| Founders Capital Management 0.04% of their portfolio | 900 $80.8k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 885 $79.5k | Reduced -20 |
| Parallel Advisors, LLC 0.00% of their portfolio | 860 $77.2k | Added +7 |
| Blue Trust, Inc. 0.00% of their portfolio | 648 $58.2k | Unchanged |
| Pinnacle Holdings, LLC 0.02% of their portfolio | 621 $55.8k | Reduced -24 |
| WealthCollab, LLC 0.02% of their portfolio | 522 $46.9k | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 468 $42.0k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 406 $36.5k | Added +28 |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 330 $29.6k | Added +230 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 294 $26.4k | Added +22 |