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GAM

General American Investors Company
GAM

88 hedge funds and large institutions have $265M invested in General American Investors Company in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

7% more capital invested

Capital invested by funds: $248M → $265M (+$16.7M)

6% more funds holding

Funds holding: 83 → 88 (+5)

0.35% less ownership

Funds ownership: 27.9% → 27.55% (-0.35%)

17% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 24

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
88
Holders Change
+5
Holders Change %
+6.02%
% of All Funds
2.01%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
9
Increased
20
Reduced
24
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
+$6.77M
2
BI
Bulldog Investors
New Jersey
+$6.5M
3
1CP
1607 Capital Partners
Virginia
+$3.89M
4
CA
Cornerstone Advisors
North Carolina
+$3.32M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.97M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$17.8M
2
SCM
Saba Capital Management
New York
-$4.01M
3
SFS
Shaker Financial Services
Virginia
-$3.89M
4
RCM
Rivernorth Capital Management
Florida
-$3.06M
5
WAM
Wolverine Asset Management
Illinois
-$823K
Name Holding Trade Value Shares
Change 		Change in
Stake
COLIM
26
City of London Investment Management
United Kingdom
$1.26M – – –
CL
27
CSS LLC
Illinois
$1.14M – – –
EIP
28
Epoch Investment Partners
New York
$1.13M – – –
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$1.11M +$1.08M +29,981 New
UBS Group
30
UBS Group
Switzerland
$1.09M +$277K +7,686 +35%
SIA
31
Sit Investment Associates
Minnesota
$1.07M -$17.8M -494,343 -94%
BC
32
Brinker Capital
Pennsylvania
$1.06M +$311K +8,617 +43%
ZIG
33
Zuckerman Investment Group
Illinois
$1.05M – – –
MC
34
Matisse Capital
Oregon
$914K -$400K -11,109 -31%
Millennium Management
35
Millennium Management
New York
$908K +$885K +24,542 New
LCS
36
Levin Capital Strategies
New York
$875K – – –
CRC
37
Curi RMB Capital
Illinois
$863K -$269K -7,468 -24%
NMC
38
Nine Masts Capital
Hong Kong
$740K +$721K +20,000 New
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$693K -$15.3K -425 -2%
Citigroup
40
Citigroup
New York
$650K +$87.7K +2,433 +16%
UCI
41
Uncommon Cents Investing
Wisconsin
$592K – – –
QCIG
42
Quad-Cities Investment Group
Iowa
$584K +$10.1K +280 +2%
SKK
43
Shepherd Kaplan Krochuk
Massachusetts
$537K -$19.8K -550 -4%
Creative Planning
44
Creative Planning
Kansas
$497K -$6.24K -173 -1%
CCP
45
Cardan Capital Partners
Colorado
$482K +$45.1K +1,251 +11%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$454K +$107K +2,978 +32%
SWP
47
Stratos Wealth Partners
Ohio
$446K -$2.92K -81 -0.7%
PA
48
Pinnacle Associates
New York
$428K – – –
Brown Advisory
49
Brown Advisory
Maryland
$410K +$400K +11,087 New
JMPWA
50
JP Morgan Private Wealth Advisors
California
$403K – – –
1
2
3 4

GAM Hedge Fund Activity: Q3 2018 in Review

88 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2018, worth a combined $265M — up 6.7% from $248M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new GAM positions and 4 closed out — a net gain of 5 holders — while 20 added to existing stakes and 24 trimmed.

The largest buyer was Lazard Asset Management, adding an estimated $6.77M. The largest seller was Sit Investment Associates, cutting an estimated $17.8M.

  • 88 institutional investors held General American Investors Company (GAM) as of Q3 2018, up from 83 in Q2 2018.
  • Funds reported $265M of General American Investors Company stock for Q3 2018, up 6.7% quarter-over-quarter.
  • 9 funds opened new General American Investors Company positions in Q3 2018 and 4 closed out, a net change of +5 holders.
  • The largest General American Investors Company buyer in Q3 2018 was Lazard Asset Management, an estimated $6.77M added.
  • The largest General American Investors Company seller in Q3 2018 was Sit Investment Associates, an estimated $17.8M sold.

Based on aggregated 13F filings for Q3 2018.