General American Investors Company
GAM
66 hedge funds and large institutions have $304M invested in General American Investors Company in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
5% more funds holding
Funds holding: 63 → 66 (+3)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
3.28% less ownership
Funds ownership: 32.3% → 29.02% (-3.3%)
9% less capital invested
Capital invested by funds: $333M → $304M (-$29.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$9.16M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.32M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.39M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.18M |
| 5 |
CC
Cannell & Co
New York
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$19.4M |
| 2 |
Lazard Asset Management
New York
|
-$12.1M |
| 3 |
OMC
Overbrook Management Corp
New York
|
-$8.41M |
| 4 |
KFC
Klingenstein Fields & Co
New York
|
-$1.05M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$803K |
GAM Hedge Fund Activity: Q1 2014 in Review
66 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q1 2014, worth a combined $304M — down 8.8% from $333M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new GAM positions and 7 closed out — a net gain of 4 holders — while 22 added to existing stakes and 20 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $9.16M. The largest seller was Bulldog Investors, cutting an estimated $19.4M.
- 66 institutional investors held General American Investors Company (GAM) as of Q1 2014, up from 63 in Q4 2013.
- Funds reported $304M of General American Investors Company stock for Q1 2014, down 8.8% quarter-over-quarter.
- 11 funds opened new General American Investors Company positions in Q1 2014 and 7 closed out, a net change of +4 holders.
- The largest General American Investors Company buyer in Q1 2014 was Raymond James & Associates, an estimated $9.16M added.
- The largest General American Investors Company seller in Q1 2014 was Bulldog Investors, an estimated $19.4M sold.
Based on aggregated 13F filings for Q1 2014.