Pangaea Logistics Solutions Ltd.

SecurityPANL / Pangaea Logistics Solutions Ltd.
InstitutionD. E. Shaw & Co., Inc.
ManagerDE Shaw
Latest Disclosed Ownership96,739 shares
Latest Disclosed Value $ 684,912
D. E. Shaw & Co., Inc. reports 35.00% increase in ownership of PANL / Pangaea Logistics Solutions Ltd.

On May 15, 2026 - D. E. Shaw & Co., Inc. filed a 13F-HR form disclosing ownership of 96,739 shares of Pangaea Logistics Solutions Ltd. (US:PANL) valued at $684,912 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 71,660 shares of Pangaea Logistics Solutions Ltd.. This represents a change in shares of 35.00% during the quarter. The current value of the position is $707,162 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 96,739 25,079 35.00 685 38.74 0.0003
2026-02-17 2025-12-31 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 71,660 54,640 321.03 493 473.26 0.0003
2025-11-14 2025-09-30 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 17,020 17,020 86 0.0000
2025-08-14 2025-06-30 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 0 -26,759 -100.00 0 -100.00
2025-05-15 2025-03-31 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 26,759 -30,554 -53.31 127 -58.63 0.0001
2025-02-14 2024-12-31 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 57,313 57,313 307 0.0002
2024-05-15 2024-03-31 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 0 -30,145 -100.00 0 -100.00
2024-02-14 2023-12-31 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 30,145 30,145 248 0.0002
2022-02-14 2021-12-31 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 0 -48,106 -100.00 0 -100.00
2021-11-15 2021-09-30 13F PANGAEA LOGISTICS SOLUTION L SHS G6891L105 48,106 48,106 243 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.