Kayne Anderson declared a reduced holding of 4,573,918 shares, equal to a 4.40% stake in the Evangelos Marinakis led company today.
SEC filings suggest the hedge fund has more than halved its stake in the shipowner.
In April it boasted a 10.67% interest in Capital Product Partners, a filing from the time shows.
Sponsor Capital Maritime & Trading is the largest shareholder in the MLP with 14.8%,