Associated Capital Group
AC was delisted on the 4th of September, 2025.
50 hedge funds and large institutions have $82.4M invested in Associated Capital Group in 2020 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 20 reducing their positions, and 3 closing their positions.
1.5% less ownership
Funds ownership: 71.78% → 70.28% (-1.5%)
2% less funds holding
Funds holding: 51 → 50 (-1)
7% less capital invested
Capital invested by funds: $88.2M → $82.4M (-$5.78M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howland Capital Management
Boston,
Massachusetts
|
+$274K |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$170K |
| 3 |
JP Morgan Chase
New York
|
+$130K |
| 4 |
Morgan Stanley
New York
|
+$78.5K |
| 5 |
BlackRock
New York
|
+$47.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$2.14M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$779K |
| 3 |
PGIM
Pacific Global Investment Management
Glendale,
California
|
-$229K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$196K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$140K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TH
51
TCTC Holdings
Dallas,
Texas
| – | -$20K | -542 | Closed |
|
52
Fidelity Investments
Boston,
Massachusetts
| – | -$2K | -45 | Closed |
|
AC Hedge Fund Activity: Q4 2020 in Review
50 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Associated Capital Group (AC) for Q4 2020, worth a combined $82.4M — down 6.5% from $88.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of AC and 2 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 10 added.
The largest buyer was Howland Capital Management, opening a new position worth an estimated $274K. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $2.14M.
- 50 institutional investors held Associated Capital Group (AC) as of Q4 2020, down from 51 in Q3 2020.
- Funds reported $82.4M of Associated Capital Group stock for Q4 2020, down 6.5% quarter-over-quarter.
- 2 funds opened new Associated Capital Group positions in Q4 2020 and 3 closed out, a net change of -1 holder.
- The largest Associated Capital Group buyer in Q4 2020 was Howland Capital Management, an estimated $274K added.
- The largest Associated Capital Group seller in Q4 2020 was Horizon Kinetics Asset Management, an estimated $2.14M sold.
Based on aggregated 13F filings for Q4 2020.