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GAM

General American Investors Company
GAM

73 hedge funds and large institutions have $308M invested in General American Investors Company in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

8% more capital invested

Capital invested by funds: $286M → $308M (+$22.7M)

3% more funds holding

Funds holding: 71 → 73 (+2)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.13% less ownership

Funds ownership: 30.93% → 30.8% (-0.13%)

28% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 25

Holders
73
Holders Change
+2
Holders Change %
+2.82%
% of All Funds
1.15%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
8
Increased
18
Reduced
25
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$989K
2
EIP
Epoch Investment Partners
New York
+$813K
3
Cohen & Steers
Cohen & Steers
New York
+$786K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$597K
5
AA
AQR Arbitrage
Connecticut
+$593K

Top Sellers

1
CC
Cannell & Co
New York
-$1.86M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$709K
3
Morgan Stanley
Morgan Stanley
New York
-$529K
4
1CP
1607 Capital Partners
Virginia
-$498K
5
CA
Cetera Advisors
Colorado
-$388K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Park Avenue Securities
New York
$1.24M -$354K -8,900 -23%
NRS
27
Neville Rodie & Shaw
New York
$1.18M – – –
KIM
28
Karpus Investment Management
New York
$1.13M – – –
QC
29
Quantedge Capital
Singapore
$1.1M -$95.5K -2,400 -8%
Wells Fargo
30
Wells Fargo
California
$966K -$102K -2,561 -10%
AA
31
AQR Arbitrage
Connecticut
$873K +$593K +14,903 +247%
EIP
32
Epoch Investment Partners
New York
$853K +$813K +20,438 New
HighTower Advisors
33
HighTower Advisors
Illinois
$743K -$126K -3,156 -15%
GC
34
Guggenheim Capital
Illinois
$718K +$147K +3,684 +27%
COLIM
35
City of London Investment Management
United Kingdom
$605K -$119K -3,000 -17%
Osaic Holdings
36
Osaic Holdings
Arizona
$584K +$324K +8,133 +138%
UCI
37
Uncommon Cents Investing
Wisconsin
$458K -$4.74K -119 -1%
Walleye Capital
38
Walleye Capital
New York
$450K +$429K +10,789 New
PCA
39
Prosperity Capital Advisors
Ohio
$400K – – –
RFC
40
Regions Financial Corp
Alabama
$382K – – –
SWP
41
Stratos Wealth Partners
Ohio
$360K – – –
SC
42
Savant Capital
Illinois
$359K +$4.93K +124 +1%
AF
43
Apexium Financial
Texas
$356K – – –
RJA
44
Raymond James & Associates
Florida
$349K +$34.1K +856 +11%
First Manhattan
45
First Manhattan
New York
$346K +$202K +5,074 +158%
Mariner
46
Mariner
Kansas
$342K -$438 -11 -0.1%
PA
47
Pinnacle Associates
New York
$338K +$8.83K +222 +3%
V
48
Veritable
Delaware
$337K – – –
JC
49
Jacobs & Co
California
$313K – – –
CAPTRUST Financial Advisors
50
CAPTRUST Financial Advisors
North Carolina
$300K -$144K -3,624 -33%
1
2
3 4

GAM Hedge Fund Activity: Q2 2023 in Review

73 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q2 2023, worth a combined $308M — up 7.9% from $286M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new GAM positions and 5 closed out — a net gain of 3 holders — while 18 added to existing stakes and 25 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $989K. The largest seller was Cannell & Co, exiting entirely with an estimated $1.86M sold.

  • 73 institutional investors held General American Investors Company (GAM) as of Q2 2023, up from 71 in Q1 2023.
  • Funds reported $308M of General American Investors Company stock for Q2 2023, up 7.9% quarter-over-quarter.
  • 8 funds opened new General American Investors Company positions in Q2 2023 and 5 closed out, a net change of +3 holders.
  • The largest General American Investors Company buyer in Q2 2023 was Saba Capital Management, an estimated $989K added.
  • The largest General American Investors Company seller in Q2 2023 was Cannell & Co, an estimated $1.86M sold.

Based on aggregated 13F filings for Q2 2023.