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GAM

General American Investors Company
GAM

62 hedge funds and large institutions have $319M invested in General American Investors Company in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

11% more funds holding

Funds holding: 56 → 62 (+6)

7% more capital invested

Capital invested by funds: $298M → $319M (+$21.7M)

6% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 16

0.19% more ownership

Funds ownership: 31.47% → 31.66% (+0.19%)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
62
Holders Change
+6
Holders Change %
+10.71%
% of All Funds
2.01%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.16%
New
9
Increased
17
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$4.5M
2
DT
Diversified Trust
Tennessee
+$1.31M
3
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
+$632K
4
1CP
1607 Capital Partners
Virginia
+$526K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$262K

Top Sellers

1
Lazard Asset Management
Lazard Asset Management
New York
-$1.39M
2
Morgan Stanley
Morgan Stanley
New York
-$1.36M
3
WAM
Wolverine Asset Management
Illinois
-$889K
4
DA
Doliver Advisors
Texas
-$561K
5
OMC
Overbrook Management Corp
New York
-$501K
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$110M -$1.39M -41,540 -1%
OMC
2
Overbrook Management Corp
New York
$34.3M -$501K -15,000 -1%
GFM
3
Gramercy Funds Management
Connecticut
$27.6M – – –
KIM
4
Karpus Investment Management
New York
$26.8M +$4.5M +134,725 +21%
BI
5
Bulldog Investors
New Jersey
$21.4M -$295K -8,823 -1%
RCM
6
Rivernorth Capital Management
Florida
$11.2M +$100K +3,000 +0.9%
Morgan Stanley
7
Morgan Stanley
New York
$9.84M -$1.36M -40,615 -12%
1CP
8
1607 Capital Partners
Virginia
$9.3M +$526K +15,728 +6%
Goldman Sachs
9
Goldman Sachs
New York
$8.26M -$390K -11,683 -5%
HSBC Holdings
10
HSBC Holdings
United Kingdom
$7.36M – – –
DT
11
Diversified Trust
Tennessee
$7.01M +$1.31M +39,200 +24%
BBPWM
12
Blue Bell Private Wealth Management
Pennsylvania
$5.73M +$632K +18,915 +13%
MAA
13
Mraz Amerine & Associates
California
$5.39M -$121K -3,627 -2%
Bank of America
14
Bank of America
North Carolina
$3.89M +$176K +5,276 +5%
COLIM
15
City of London Investment Management
United Kingdom
$3.25M +$24.1K +722 +0.8%
CA
16
Cornerstone Advisors
North Carolina
$3.12M – – –
CAN
17
Cetera Advisor Networks
California
$3.02M -$197K -5,908 -6%
Wells Fargo
18
Wells Fargo
California
$2.76M +$157K +4,699 +6%
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$2.6M +$33.4K +1,000 +1%
SG Americas Securities
20
SG Americas Securities
New York
$2.51M – – –
RJFSA
21
Raymond James Financial Services Advisors
Florida
$1.38M -$458K -13,700 -25%
NRS
22
Neville Rodie & Shaw
New York
$1.13M +$41.1K +1,230 +4%
DA
23
Doliver Advisors
Texas
$1.13M -$561K -16,783 -34%
KFC
24
Klingenstein Fields & Co
New York
$962K – – –
LCS
25
Levin Capital Strategies
New York
$849K – – –
1
2 3

GAM Hedge Fund Activity: Q3 2013 in Review

62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2013, worth a combined $319M — up 7.3% from $298M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new GAM positions and 3 closed out — a net gain of 6 holders — while 17 added to existing stakes and 16 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $4.5M. The largest seller was Lazard Asset Management, cutting an estimated $1.39M.

  • 62 institutional investors held General American Investors Company (GAM) as of Q3 2013, up from 56 in Q2 2013.
  • Funds reported $319M of General American Investors Company stock for Q3 2013, up 7.3% quarter-over-quarter.
  • 9 funds opened new General American Investors Company positions in Q3 2013 and 3 closed out, a net change of +6 holders.
  • The largest General American Investors Company buyer in Q3 2013 was Karpus Investment Management, an estimated $4.5M added.
  • The largest General American Investors Company seller in Q3 2013 was Lazard Asset Management, an estimated $1.39M sold.

Based on aggregated 13F filings for Q3 2013.