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 ($6.1m 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 ≈ $112.49. Options: 6 managers hold calls ($19.3m notional), 8 hold puts ($34.6m).
Trends to Q1 2026
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 |
| Q4 2025 | 133 |
| Q1 2026 | 137 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 75 | 62 |
| Q3 2024 | 59 | 65 |
| Q4 2024 | 58 | 66 |
| Q1 2025 | 52 | 62 |
| Q2 2025 | 56 | 63 |
| Q3 2025 | 71 | 39 |
| Q4 2025 | 65 | 57 |
| Q1 2026 | 72 | 60 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $14.6m | $4.9m | 0.34 |
| Q3 2025 | $7.7m | $23.9m | 3.09 |
| Q4 2025 | $8.0m | $3.4m | 0.42 |
| Q1 2026 | $19.3m | $34.6m | 1.79 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +191.1k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +179.5k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +45.2k |
| Qube Research & Technologies Ltd | Added | +37.9k |
| Russell Investments Group, Ltd. | Added | +25.2k |
| BlackRock, Inc. | Added | +23.8k |
| SEI INVESTMENTS CO | Added | +22.0k |
| MARSHALL WACE, LLP | Added | +17.5k |
| CITADEL ADVISORS LLC | Added | +15.2k |
| Marex Group Ltd | New | +15.2k |
Biggest sellers
| RBF Capital, LLC | Reduced | -418.0k |
| MORGAN STANLEY | Reduced | -88.2k |
| Point72 Asset Management, L.P. | Sold out | -69.2k |
| Hartree Partners, LP | Sold out | -63.2k |
| TWO SIGMA ADVISERS, LP | Sold out | -44.0k |
| ION Fund Management Ltd | Reduced | -38.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -29.4k |
| XTX Topco Ltd | Sold out | -21.2k |
| OSAIC HOLDINGS, INC. | Reduced | -20.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -17.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.2m72.6k shares |
| CITADEL ADVISORS LLC | Added | $5.5m49.0k shares |
| JANE STREET GROUP, LLC | Added | $3.6m32.3k shares |
| Walleye Trading LLC | New | $822.3k7.3k shares |
| PEAK6 LLC | Reduced | $619.5k5.5k shares |
| Walleye Capital LLC | New | $518.1k4.6k shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $9.1m80.6k shares |
| PEAK6 LLC | New | $9.0m80.0k shares |
| CITADEL ADVISORS LLC | Added | $7.9m70.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.9m60.9k shares |
| Walleye Capital LLC | New | $1.1m10.0k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $281.6k2.5k shares |
| SIMPLEX TRADING, LLC | Added | $225.3k2.0k shares |
| Walleye Trading LLC | New | $56.3k500 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 Q1 2026
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 Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| ACADIAN ASSET MANAGEMENT LLC 0.11% of their portfolio | 693.0k $78.0m | Added +179.5k |
| RBF Capital, LLC 2.31% of their portfolio | 418.0k $47.1m | Reduced -418.0k |
| ION Fund Management Ltd 6.55% of their portfolio | 381.1k $42.9m | Reduced -38.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 297.2k $33.5m | Added +191.1k |
| No Street GP LP 1.88% of their portfolio | 250.0k $28.2m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 118.4k $13.0m | Added +6.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 96.8k $10.9m | Added +2.9k |
| BlackRock, Inc. 0.00% of their portfolio | 89.6k $10.1m | Added +23.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 83.8k $9.4m | Added +45.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 76.9k $8.7m | Added +4.7k |
| MORGAN STANLEY 0.00% of their portfolio | 71.2k $8.0m | Reduced -88.2k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 67.8k $7.6m | Added +37.9k |
| Hi-Line Capital Management, LLC 2.13% of their portfolio | 60.2k $6.8m | Added +69 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 59.2k $6.7m | Added +2.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 50.2k $5.5m | Added +25.2k |
| ADVISORY RESEARCH INC 0.66% of their portfolio | 47.4k $5.3m | Added +7.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 44.2k $5.0m | Added +22.0k |
| UBS Group AG 0.00% of their portfolio | 40.9k $4.6m | Reduced -9.0k |
| HRT FINANCIAL LP 0.02% of their portfolio | 40.4k $4.6m | Added +10.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 38.1k $4.3m | Reduced -14.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 34.9k $3.9m | Added +15.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 34.7k $3.9m | Reduced -14.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 31.1k $3.5m | Added +17.5k |
| DGS Capital Management, LLC 0.56% of their portfolio | 30.4k $3.4m | Added +4.1k |
| PDT Partners, LLC 0.19% of their portfolio | 29.1k $3.3m | Added +6.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 28.7k $3.2m | Added +15.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 23.0k $2.6m | Added +9.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 17.6k $2.0m | Reduced -599 |
| Jump Financial, LLC 0.03% of their portfolio | 17.2k $1.9m | Reduced -7.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 16.2k $1.8m | Reduced -17.1k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 15.8k $1.8m | Added +10.7k |
| STATE STREET CORP 0.00% of their portfolio | 15.5k $1.7m | Reduced -305 |
| Marex Group Ltd 0.02% of their portfolio | 15.2k $1.7m | New |
| SHIKIAR ASSET MANAGEMENT INC 0.46% of their portfolio | 14.3k $1.6m | Added +7.9k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 13.1k $1.5m | Reduced -2.6k |
| QUADRANT CAPITAL GROUP LLC 0.04% of their portfolio | 12.6k $1.4m | Added +4.5k |
| CORSAIR CAPITAL MANAGEMENT, L.P. 0.21% of their portfolio | 12.6k $1.4m | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 12.4k $1.4m | Added +2.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 12.3k $1.4m | Unchanged |
| Redhawk Wealth Advisors, Inc. 0.15% of their portfolio | 12.0k $1.3m | Reduced -1.2k |
| Tidal Investments LLC 0.00% of their portfolio | 11.1k $1.2m | Added +3.7k |
| PFG Advisors 0.05% of their portfolio | 10.0k $1.1m | Added +706 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 9.5k $1.1m | Reduced -43 |
| Creative Planning 0.00% of their portfolio | 9.4k $1.1m | Added +2.0k |
| Quadrature Capital Ltd 0.01% of their portfolio | 9.4k $1.1m | Reduced -4.2k |
| Invesco Ltd. 0.00% of their portfolio | 9.1k $1.0m | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 8.2k $922.7k | Reduced -20.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 7.4k $836.8k | Reduced -29.4k |
| PEAK6 LLC 0.02% of their portfolio | 7.4k $833.4k | New |
| JMN Financial LLC 0.79% of their portfolio | 7.2k $806.4k | Added +937 |
| VICTORY FINANCIAL GROUP, LLC 0.10% of their portfolio | 7.0k $794.1k | Added +2.0k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 6.9k $774.0k | Added +2.3k |
| U S GLOBAL INVESTORS INC 0.08% of their portfolio | 6.4k $722.9k | Added +4.2k |
| Vident Advisory, LLC 0.01% of their portfolio | 6.2k $703.5k | Reduced -163 |
| MORGAN DEMPSEY CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 5.3k $594.0k | Added +711 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 5.3k $592.5k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 5.2k $586.0k | Reduced -1.1k |
| Midwest Professional Planners, LTD. 0.14% of their portfolio | 5.2k $584.1k | Added +19 |
| CastleKnight Management LP 0.03% of their portfolio | 5.1k $574.5k | Unchanged |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 4.9k $556.9k | Added +273 |
| MANGROVE PARTNERS IM, LLC 0.05% of their portfolio | 4.9k $555.1k | Reduced -905 |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 4.7k $533.0k | New |
| DIVERSIFIED TRUST CO 0.01% of their portfolio | 4.4k $498.1k | New |
| Campbell & CO Investment Adviser LLC 0.03% of their portfolio | 4.4k $495.6k | Reduced -1.6k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 4.3k $489.3k | New |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 4.3k $489.0k | Added +406 |
| COMMONS CAPITAL, LLC 0.41% of their portfolio | 4.3k $488.4k | New |
| Westhampton Capital, LLC 0.22% of their portfolio | 4.3k $479.3k | Unchanged |
| Balefire, LLC 0.09% of their portfolio | 4.2k $470.2k | Reduced -122 |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 4.1k $460.1k | Added +1.1k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 4.1k $458.7k | Unchanged |
| SEB Asset Management AB 0.00% of their portfolio | 3.9k $436.7k | First filing |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 3.7k $421.0k | Added +86 |
| Aigen Investment Management, LP 0.09% of their portfolio | 3.2k $357.2k | Reduced -1.4k |
| Equitable Holdings, Inc. 0.00% of their portfolio | 3.1k $294.3k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 3.0k $342.7k | Added +1.7k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 2.8k $320.5k | Reduced -80 |
| Ballentine Partners, LLC 0.00% of their portfolio | 2.7k $307.6k | New |
| Verition Fund Management LLC 0.00% of their portfolio | 2.7k $301.0k | Reduced -9.8k |
| LPL Financial LLC 0.00% of their portfolio | 2.4k $270.3k | Reduced -97 |
| COMMERCE BANK 0.00% of their portfolio | 2.4k $265.8k | Unchanged |
| Aristides Capital LLC 0.08% of their portfolio | 2.3k $256.6k | Reduced -292 |
| Mariner, LLC 0.00% of their portfolio | 2.3k $254.7k | Reduced -48 |
| Focus Partners Wealth 0.00% of their portfolio | 2.2k $260.7k | New |
| Clark Asset Management, LLC 0.02% of their portfolio | 2.2k $245.7k | Unchanged |
| Avior Wealth Management, LLC 0.01% of their portfolio | 2.1k $234.6k | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio | 2.0k $228.4k | Reduced -679 |
| Glenview Trust Co 0.00% of their portfolio | 2.0k $225.3k | New |
| Ballew Advisors, Inc 0.13% of their portfolio | 2.0k $231.1k | New |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.9k $218.7k | New |
| Greenwich Wealth Management LLC 0.01% of their portfolio | 1.9k $216.0k | New |
| PRUDENTIAL PLC 0.00% of their portfolio | 1.9k $214.4k | New |
| Walleye Capital LLC 0.00% of their portfolio | 1.9k $209.7k | Reduced -12.6k |
| Vestmark Advisory Solutions, Inc. 0.00% of their portfolio | 1.9k $208.4k | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.7k $194.7k | Added +927 |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1.4k $162.9k | Added +471 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 1.4k $154.7k | Added +1.4k |
| Parallel Advisors, LLC 0.00% of their portfolio | 1.2k $131.9k | Added +292 |
| Aquatic Capital Management LLC 0.00% of their portfolio | 1.0k $118.2k | Reduced -7.1k |
| Intesa Sanpaolo Wealth Management 0.03% of their portfolio | 935 $105.3k | Unchanged |