General American Investors Company
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$6.77M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$6.5M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.89M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.32M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$17.8M |
| 2 |
SCM
Saba Capital Management
New York
|
-$4.01M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.89M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.06M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$823K |
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.