General American Investors Company
83 hedge funds and large institutions have $270M invested in General American Investors Company in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 4 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
12% more capital invested
Capital invested by funds: $242M → $270M (+$28M)
1% more funds holding
Funds holding: 82 → 83 (+1)
0.91% more ownership
Funds ownership: 28.87% → 29.78% (+0.91%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$30.3M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$4.78M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.71M |
| 4 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$1.69M |
| 5 |
Morgan Stanley
New York
|
+$714K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$13.5M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.13M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.28M |
| 4 |
OMC
Overbrook Management Corp
New York
|
-$2.84M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
76
Allworth Financial
Folsom,
California
| $22K | – | – | – |
|
77
Citigroup
New York
| $18K | +$99 | +3 | +0.5% |
|
|
KF
78
Krilogy Financial
St. Louis,
Missouri
| $13K | – | – | – |
|
|
MRCM
79
M&R Capital Management
Summit,
New Jersey
| $10K | – | – | – |
|
|
LTFS
80
Ladenburg Thalmann Financial Services
Miami,
Florida
| $9K | – | – | – |
|
|
CPIG
81
Chicago Partners Investment Group
Chicago,
Illinois
| $8K | – | – | – |
|
82
US Bancorp
Minneapolis,
Minnesota
| $7K | – | – | – |
|
83
Fifth Third Bancorp
Cincinnati,
Ohio
| $6K | – | – | – |
|
|
BWM
84
Baystate Wealth Management
Boston,
Massachusetts
| $4K | – | – | – |
|
|
GFM
85
Gramercy Funds Management
Greenwich,
Connecticut
| – | -$1.81M | -57,972 | Closed |
|
|
WAM
86
Weiss Asset Management
Boston,
Massachusetts
| – | -$258K | -8,303 | Closed |
|
|
RTS
87
Round Table Services
Westfield,
New Jersey
| – | -$247K | -7,907 | Closed |
|
88
SEI Investments
Oaks,
Pennsylvania
| – | -$28K | -909 | Closed |
|
GAM Hedge Fund Activity: Q1 2017 in Review
83 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q1 2017, worth a combined $270M — up 12% from $242M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GAM positions and 4 closed out — a net gain of 2 holders — while 29 added to existing stakes and 25 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $30.3M. The largest seller was Karpus Investment Management, cutting an estimated $13.5M.
- 83 institutional investors held General American Investors Company (GAM) as of Q1 2017, up from 82 in Q4 2016.
- Funds reported $270M of General American Investors Company stock for Q1 2017, up 12% quarter-over-quarter.
- 6 funds opened new General American Investors Company positions in Q1 2017 and 4 closed out, a net change of +2 holders.
- The largest General American Investors Company buyer in Q1 2017 was Saba Capital Management, an estimated $30.3M added.
- The largest General American Investors Company seller in Q1 2017 was Karpus Investment Management, an estimated $13.5M sold.
Based on aggregated 13F filings for Q1 2017.