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GAM

General American Investors Company
GAM

66 hedge funds and large institutions have $353M invested in General American Investors Company in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 14

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

3% more funds holding

Funds holding: 64 → 66 (+2)

1.8% more ownership

Funds ownership: 32.43% → 34.23% (+1.8%)

1% less capital invested

Capital invested by funds: $357M → $353M (-$4.26M)

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

Holders
66
Holders Change
+2
Holders Change %
+3.13%
% of All Funds
1.76%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.16%
New
14
Increased
30
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$13.7M
2
Lazard Asset Management
Lazard Asset Management
New York
+$8.1M
3
BI
Bulldog Investors
New Jersey
+$2.4M
4
WAM
Weiss Asset Management
Massachusetts
+$2.16M
5
MIG
Mariner Investment Group
New York
+$873K

Top Sellers

1
WAM
Wolverine Asset Management
Illinois
-$4.51M
2
SFS
Shaker Financial Services
Virginia
-$3.34M
3
KIM
Karpus Investment Management
New York
-$2.34M
4
CAN
Cetera Advisor Networks
California
-$1.2M
5
CA
Cornerstone Advisors
North Carolina
-$1.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$98.1M +$8.1M +226,932 +9%
BI
2
Bulldog Investors
New Jersey
$46.3M +$2.4M +67,147 +5%
KIM
3
Karpus Investment Management
New York
$42.3M -$2.34M -65,397 -5%
GFM
4
Gramercy Funds Management
Connecticut
$27.4M +$161K +4,500 +0.6%
OMC
5
Overbrook Management Corp
New York
$15.7M – – –
SIA
6
Sit Investment Associates
Minnesota
$13.5M +$13.7M +384,502 New
RCM
7
Rivernorth Capital Management
Florida
$13M +$212K +5,930 +2%
RJA
8
Raymond James & Associates
Florida
$12.7M +$395K +11,066 +3%
Morgan Stanley
9
Morgan Stanley
New York
$12.2M +$811K +22,702 +7%
1CP
10
1607 Capital Partners
Virginia
$9.59M +$220K +6,150 +2%
HSBC Holdings
11
HSBC Holdings
United Kingdom
$7.7M +$158K +4,419 +2%
Goldman Sachs
12
Goldman Sachs
New York
$7.69M +$458K +12,839 +6%
BBPWM
13
Blue Bell Private Wealth Management
Pennsylvania
$6.42M -$910K -25,487 -12%
MAA
14
Mraz Amerine & Associates
California
$5.34M -$38.3K -1,072 -0.7%
CA
15
Cornerstone Advisors
North Carolina
$4.05M -$1.17M -32,684 -22%
Bank of America
16
Bank of America
North Carolina
$4M +$494K +13,840 +14%
TJHA
17
Thomas J. Herzfeld Advisors
Florida
$3.34M +$330K +9,243 +11%
COLIM
18
City of London Investment Management
United Kingdom
$3.01M -$425K -11,907 -12%
SG Americas Securities
19
SG Americas Securities
New York
$2.28M -$49.5K -1,386 -2%
WAM
20
Weiss Asset Management
Massachusetts
$2.11M +$2.16M +60,410 New
PNC Financial Services Group
21
PNC Financial Services Group
Pennsylvania
$1.25M +$10.7K +300 +0.8%
NRS
22
Neville Rodie & Shaw
New York
$1.18M +$17.6K +493 +1%
First Trust Advisors
23
First Trust Advisors
Illinois
$1.17M +$100K +2,800 +9%
CC
24
Cannell & Co
New York
$1.1M +$54.3K +1,522 +5%
RJFSA
25
Raymond James Financial Services Advisors
Florida
$1.02M +$56.8K +1,591 +6%
1
2 3 4

GAM Hedge Fund Activity: Q4 2014 in Review

66 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q4 2014, worth a combined $353M — down 1.2% from $357M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new GAM positions and 11 closed out — a net gain of 3 holders — while 30 added to existing stakes and 14 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $13.7M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $4.51M sold.

  • 66 institutional investors held General American Investors Company (GAM) as of Q4 2014, up from 64 in Q3 2014.
  • Funds reported $353M of General American Investors Company stock for Q4 2014, down 1.2% quarter-over-quarter.
  • 14 funds opened new General American Investors Company positions in Q4 2014 and 11 closed out, a net change of +3 holders.
  • The largest General American Investors Company buyer in Q4 2014 was Sit Investment Associates, an estimated $13.7M added.
  • The largest General American Investors Company seller in Q4 2014 was Wolverine Asset Management, an estimated $4.51M sold.

Based on aggregated 13F filings for Q4 2014.