General American Investors Company
82 hedge funds and large institutions have $262M invested in General American Investors Company in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
4% more funds holding
Funds holding: 79 → 82 (+3)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
3% less capital invested
Capital invested by funds: $270M → $262M (-$7.77M)
1.8% less ownership
Funds ownership: 30.35% → 28.55% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.45M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$4.31M |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$2.6M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.03M |
| 5 |
CAM
Columbia Asset Management
Ann Arbor,
Michigan
|
+$1.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$18.3M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.88M |
| 3 |
Morgan Stanley
New York
|
-$5.56M |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$2.26M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KF
76
Krilogy Financial
St. Louis,
Missouri
| $13K | – | – | – |
|
|
LTFS
77
Ladenburg Thalmann Financial Services
Miami,
Florida
| $9K | -$11.6K | -358 | -57% |
|
|
MRCM
78
M&R Capital Management
Summit,
New Jersey
| $9K | +$8.94K | +275 | New |
|
|
CPIG
79
Chicago Partners Investment Group
Chicago,
Illinois
| $8K | – | – | – |
|
|
AG
80
Advisor Group
Phoenix,
Arizona
| $7K | – | – | – |
|
81
Fifth Third Bancorp
Cincinnati,
Ohio
| $6K | – | – | – |
|
82
US Bancorp
Minneapolis,
Minnesota
| $6K | +$3.02K | +93 | +89% |
|
|
LCS
83
Levin Capital Strategies
New York
| $812 | – | – | – |
|
|
FFA
84
First Foundation Advisors
Irvine,
California
| – | -$1.05M | -34,029 | Closed |
|
|
SWP
85
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$505K | -16,377 | Closed |
|
|
TCT
86
TIAA CREF Trust
St Louis,
Missouri
| – | -$324K | -10,502 | Closed |
|
|
JMPWA
87
JP Morgan Private Wealth Advisors
San Francisco,
California
| – | -$204K | -6,644 | Closed |
|
GAM Hedge Fund Activity: Q3 2016 in Review
82 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2016, worth a combined $262M — down 2.9% from $270M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GAM positions and 4 closed out — a net gain of 4 holders — while 23 added to existing stakes and 23 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.45M. The largest seller was Lazard Asset Management, cutting an estimated $18.3M.
- 82 institutional investors held General American Investors Company (GAM) as of Q3 2016, up from 79 in Q2 2016.
- Funds reported $262M of General American Investors Company stock for Q3 2016, down 2.9% quarter-over-quarter.
- 8 funds opened new General American Investors Company positions in Q3 2016 and 4 closed out, a net change of +4 holders.
- The largest General American Investors Company buyer in Q3 2016 was Saba Capital Management, an estimated $7.45M added.
- The largest General American Investors Company seller in Q3 2016 was Lazard Asset Management, an estimated $18.3M sold.
Based on aggregated 13F filings for Q3 2016.