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GAM

General American Investors Company
GAM

62 hedge funds and large institutions have $319M invested in General American Investors Company in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

11% more funds holding

Funds holding: 56 → 62 (+6)

7% more capital invested

Capital invested by funds: $298M → $319M (+$21.7M)

6% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 16

0.19% more ownership

Funds ownership: 31.47% → 31.66% (+0.19%)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
62
Holders Change
+6
Holders Change %
+10.71%
% of All Funds
2.01%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.16%
New
9
Increased
17
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$4.5M
2
DT
Diversified Trust
Tennessee
+$1.31M
3
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
+$632K
4
1CP
1607 Capital Partners
Virginia
+$526K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$262K

Top Sellers

1
Lazard Asset Management
Lazard Asset Management
New York
-$1.39M
2
Morgan Stanley
Morgan Stanley
New York
-$1.36M
3
WAM
Wolverine Asset Management
Illinois
-$889K
4
DA
Doliver Advisors
Texas
-$561K
5
OMC
Overbrook Management Corp
New York
-$501K
Name Holding Trade Value Shares
Change 		Change in
Stake
TNBTD
26
Trustmark National Bank Trust Department
Mississippi
$844K – – –
US Bancorp
27
US Bancorp
Minnesota
$664K -$33.7K -1,008 -5%
LPL Financial
28
LPL Financial
California
$534K -$78.5K -2,350 -13%
Ameriprise
29
Ameriprise
Minnesota
$495K +$7.95K +238 +2%
TC
30
Taylor Cottrill
New Hampshire
$465K +$138K +4,115 +43%
RJA
31
Raymond James & Associates
Florida
$419K -$38.8K -1,162 -9%
SI
32
SII Investments
Wisconsin
$351K – – –
TC
33
TFS Capital
Pennsylvania
$340K +$87K +2,603 +35%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$339K -$33 -1 -0%
GC
35
Guggenheim Capital
Illinois
$310K – – –
HTC
36
Haverford Trust Company
Pennsylvania
$307K -$150K -4,503 -33%
PA
37
Pinnacle Associates
New York
$291K – – –
SFS
38
Shaker Financial Services
Virginia
$271K -$435K -13,026 -62%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$267K +$262K +7,826 New
VKH
40
Virtu KCG Holdings
New York
$262K +$256K +7,669 New
FFA
41
First Foundation Advisors
California
$253K +$247K +7,400 New
GCP
42
GSA Capital Partners
United Kingdom
$253K +$247K +7,400 New
RG
43
Rathbones Group
United Kingdom
$205K +$201K +6,000 New
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$201K +$40.5K +1,212 +26%
First Manhattan
45
First Manhattan
New York
$196K – – –
Creative Planning
46
Creative Planning
Kansas
$181K – – –
KTC
47
Kistler-Tiffany Companies
Pennsylvania
$101K – – –
MA
48
MUFG Americas
New York
$88K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$85K – – –
ClearBridge Investments
50
ClearBridge Investments
New York
$65K +$35.9K +1,075 +130%
1
2
3

GAM Hedge Fund Activity: Q3 2013 in Review

62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2013, worth a combined $319M — up 7.3% from $298M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new GAM positions and 3 closed out — a net gain of 6 holders — while 17 added to existing stakes and 16 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $4.5M. The largest seller was Lazard Asset Management, cutting an estimated $1.39M.

  • 62 institutional investors held General American Investors Company (GAM) as of Q3 2013, up from 56 in Q2 2013.
  • Funds reported $319M of General American Investors Company stock for Q3 2013, up 7.3% quarter-over-quarter.
  • 9 funds opened new General American Investors Company positions in Q3 2013 and 3 closed out, a net change of +6 holders.
  • The largest General American Investors Company buyer in Q3 2013 was Karpus Investment Management, an estimated $4.5M added.
  • The largest General American Investors Company seller in Q3 2013 was Lazard Asset Management, an estimated $1.39M sold.

Based on aggregated 13F filings for Q3 2013.