General American Investors Company
GAM
64 hedge funds and large institutions have $357M invested in General American Investors Company in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 6 closing their positions.
1.06% more ownership
Funds ownership: 31.37% → 32.43% (+1.1%)
4% more capital invested
Capital invested by funds: $343M → $357M (+$13.9M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
3% less funds holding
Funds holding: 66 → 64 (-2)
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$19.5M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.43M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$836K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$699K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Overbrook Management Corp
New York
|
-$2.48M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$2.17M |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$1.28M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.15M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$935K |
GAM Hedge Fund Activity: Q3 2014 in Review
64 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2014, worth a combined $357M — up 4.1% from $343M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GAM and 4 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 18 added.
The largest buyer was Bulldog Investors, adding an estimated $19.5M. The largest seller was Overbrook Management Corp, cutting an estimated $2.48M.
- 64 institutional investors held General American Investors Company (GAM) as of Q3 2014, down from 66 in Q2 2014.
- Funds reported $357M of General American Investors Company stock for Q3 2014, up 4.1% quarter-over-quarter.
- 4 funds opened new General American Investors Company positions in Q3 2014 and 6 closed out, a net change of -2 holders.
- The largest General American Investors Company buyer in Q3 2014 was Bulldog Investors, an estimated $19.5M added.
- The largest General American Investors Company seller in Q3 2014 was Overbrook Management Corp, an estimated $2.48M sold.
Based on aggregated 13F filings for Q3 2014.