General American Investors Company
90 hedge funds and large institutions have $371M invested in General American Investors Company in 2024 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 27 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
5% more funds holding
Funds holding: 86 → 90 (+4)
3% more capital invested
Capital invested by funds: $361M → $371M (+$10.4M)
1.39% less ownership
Funds ownership: 30.68% → 29.29% (-1.4%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
26% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$26.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.07M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$4.13M |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$1.99M |
| 5 |
Capstone Investment Advisors
New York
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$19.1M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$11.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$9.23M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$5.8M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$5.4M |
GAM Hedge Fund Activity: Q3 2024 in Review
90 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2024, worth a combined $371M — up 2.9% from $361M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GAM positions and 10 closed out — a net gain of 4 holders — while 20 added to existing stakes and 27 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $26.6M. The largest seller was Atlas Wealth, exiting entirely with an estimated $19.1M sold.
- 90 institutional investors held General American Investors Company (GAM) as of Q3 2024, up from 86 in Q2 2024.
- Funds reported $371M of General American Investors Company stock for Q3 2024, up 2.9% quarter-over-quarter.
- 14 funds opened new General American Investors Company positions in Q3 2024 and 10 closed out, a net change of +4 holders.
- The largest General American Investors Company buyer in Q3 2024 was Saba Capital Management, an estimated $26.6M added.
- The largest General American Investors Company seller in Q3 2024 was Atlas Wealth, an estimated $19.1M sold.
Based on aggregated 13F filings for Q3 2024.