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GAM

General American Investors Company
GAM

83 hedge funds and large institutions have $270M invested in General American Investors Company in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

16% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 25

12% more capital invested

Capital invested by funds: $242M → $270M (+$28M)

1% more funds holding

Funds holding: 82 → 83 (+1)

0.91% more ownership

Funds ownership: 28.87% → 29.78% (+0.91%)

Holders
83
Holders Change
+1
Holders Change %
+1.22%
% of All Funds
2.07%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.12%
New
6
Increased
29
Reduced
25
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$30.3M
2
SFS
Shaker Financial Services
Virginia
+$4.78M
3
1CP
1607 Capital Partners
Virginia
+$1.71M
4
BC
Brinker Capital
Pennsylvania
+$1.69M
5
Morgan Stanley
Morgan Stanley
New York
+$714K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$13.5M
2
WAM
Wolverine Asset Management
Illinois
-$4.13M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$3.28M
4
OMC
Overbrook Management Corp
New York
-$2.84M
5
LCM
Landscape Capital Management
New Jersey
-$2.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
EIP
26
Epoch Investment Partners
New York
$1.36M -$218K -6,645 -14%
GC
27
Guggenheim Capital
Illinois
$1.23M +$76.7K +2,334 +7%
CC
28
Cannell & Co
New York
$1.16M +$6.9K +210 +0.6%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$1.15M +$54.7K +1,665 +5%
ZIG
30
Zuckerman Investment Group
Illinois
$1.15M -$77.4K -2,355 -6%
DA
31
Doliver Advisors
Texas
$886K -$8.77K -267 -1%
CL
32
CSS LLC
Illinois
$847K -$131K -4,000 -14%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$767K -$460K -14,010 -38%
LCS
34
Levin Capital Strategies
New York
$726K – – –
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$637K -$161K -4,893 -20%
Wells Fargo
36
Wells Fargo
California
$635K +$16.6K +505 +3%
LW
37
Linscomb Wealth
Texas
$561K -$190K -5,796 -26%
First Manhattan
38
First Manhattan
New York
$549K +$5.75K +175 +1%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$548K +$365K +11,110 +211%
SI
40
SII Investments
Wisconsin
$539K – – –
LCM
41
Landscape Capital Management
New Jersey
$516K -$2.29M -69,709 -82%
SKK
42
Shepherd Kaplan Krochuk
Massachusetts
$499K +$62.4K +1,900 +15%
RG
43
Rathbones Group
United Kingdom
$435K +$105K +3,193 +33%
IA
44
IFP Advisors
Florida
$435K +$381K +11,585 +825%
SWP
45
Stratos Wealth Partners
Ohio
$434K -$73.4K -2,236 -15%
Creative Planning
46
Creative Planning
Kansas
$412K – – –
AA
47
AQR Arbitrage
Connecticut
$398K -$793K -24,147 -67%
WAM
48
Wolverine Asset Management
Illinois
$395K -$4.13M -125,627 -91%
PA
49
Pinnacle Associates
New York
$388K – – –
BC
50
Banced Corp
Illinois
$380K – – –
1
2
3 4

GAM Hedge Fund Activity: Q1 2017 in Review

83 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q1 2017, worth a combined $270M — up 12% from $242M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new GAM positions and 4 closed out — a net gain of 2 holders — while 29 added to existing stakes and 25 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $30.3M. The largest seller was Karpus Investment Management, cutting an estimated $13.5M.

  • 83 institutional investors held General American Investors Company (GAM) as of Q1 2017, up from 82 in Q4 2016.
  • Funds reported $270M of General American Investors Company stock for Q1 2017, up 12% quarter-over-quarter.
  • 6 funds opened new General American Investors Company positions in Q1 2017 and 4 closed out, a net change of +2 holders.
  • The largest General American Investors Company buyer in Q1 2017 was Saba Capital Management, an estimated $30.3M added.
  • The largest General American Investors Company seller in Q1 2017 was Karpus Investment Management, an estimated $13.5M sold.

Based on aggregated 13F filings for Q1 2017.