DAC

Key Takeaways

• Danaos leases containerships (and increasingly drybulk vessels) to liner operators on multi-year charters, so its cash flow is contracted and visible: it reported about $4.06 billion of contracted charter revenue as of the end of the first quarter. • The defining feature is the discount: the stock trades well below its stated book value per share of about $205, even as it earns double-digit returns on each vessel and holds a net cash position. • Watch charter rates and the newbuild program; co

Institutional ownership

134 institutional managers reported holding DAC in 13F filings for the quarter ended 2026-03-31. Together they hold about 19% of the company; the top 10 hold 13%. 24 opened new positions that quarter. Held by Acadian Asset Management, Goldman Sachs, Two Sigma, among others. On the short side, 552k shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (7.6 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

DAC has cut its share count 9.4% over the past five years, spending $328.73M on repurchases. It pays a dividend, and has for 5 years running, raised 4 years straight; the current rate is $3.45 a share annually. Cash returned over the past three years: $249.51M in dividends and $258.12M in repurchases.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

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