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GAM

General American Investors Company
GAM

73 hedge funds and large institutions have $269M invested in General American Investors Company in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 12

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

4% more funds holding

Funds holding: 70 → 73 (+3)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

2.89% less ownership

Funds ownership: 31.47% → 28.57% (-2.9%)

19% less capital invested

Capital invested by funds: $331M → $269M (-$62M)

Holders
73
Holders Change
+3
Holders Change %
+4.29%
% of All Funds
2.04%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
7
Increased
26
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$7.08M
2
WAM
Wolverine Asset Management
Illinois
+$3.64M
3
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
+$2.97M
4
SFS
Shaker Financial Services
Virginia
+$1.77M
5
GFM
Gramercy Funds Management
Connecticut
+$912K

Top Sellers

1
Lazard Asset Management
Lazard Asset Management
New York
-$30.9M
2
BI
Bulldog Investors
New Jersey
-$9.27M
3
Goldman Sachs
Goldman Sachs
New York
-$3.74M
4
SIA
Sit Investment Associates
Minnesota
-$2.79M
5
OMC
Overbrook Management Corp
New York
-$2.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$56.4M -$30.9M -927,976 -34%
KIM
2
Karpus Investment Management
New York
$43.3M +$7.08M +212,728 +18%
BI
3
Bulldog Investors
New Jersey
$29.1M -$9.27M -278,637 -23%
GFM
4
Gramercy Funds Management
Connecticut
$23.6M +$912K +27,399 +4%
RCM
5
Rivernorth Capital Management
Florida
$12M +$504K +15,162 +4%
Morgan Stanley
6
Morgan Stanley
New York
$11.6M +$315K +9,466 +3%
RJA
7
Raymond James & Associates
Florida
$10.7M +$427K +12,848 +4%
OMC
8
Overbrook Management Corp
New York
$10.6M -$2.74M -82,325 -19%
1CP
9
1607 Capital Partners
Virginia
$8.42M +$822K +24,698 +10%
BBPWM
10
Blue Bell Private Wealth Management
Pennsylvania
$7.44M +$2.97M +89,331 +59%
WAM
11
Wolverine Asset Management
Illinois
$7.3M +$3.64M +109,351 +87%
MAA
12
Mraz Amerine & Associates
California
$4.65M -$27.4K -825 -0.5%
RVPG
13
Relative Value Partners Group
$4.59M +$29.2K +878 +0.6%
SFS
14
Shaker Financial Services
Virginia
$3.75M +$1.77M +53,071 +78%
Bank of America
15
Bank of America
North Carolina
$3.59M +$72.2K +2,170 +2%
TJHA
16
Thomas J. Herzfeld Advisors
Florida
$3.46M +$49.9K +1,500 +1%
CA
17
Cornerstone Advisors
North Carolina
$2.35M -$289K -8,700 -10%
COLIM
18
City of London Investment Management
United Kingdom
$2.23M – – –
CAM
19
Columbia Asset Management
Michigan
$1.98M +$532K +16,000 +27%
DA
20
Doliver Advisors
Texas
$1.84M -$83K -2,496 -4%
PNC Financial Services Group
21
PNC Financial Services Group
Pennsylvania
$1.68M +$493K +14,825 +38%
Geode Capital Management
22
Geode Capital Management
Massachusetts
$1.31M – – –
NRS
23
Neville Rodie & Shaw
New York
$1.2M +$210K +6,300 +19%
Goldman Sachs
24
Goldman Sachs
New York
$1.18M -$3.74M -112,346 -75%
First Trust Advisors
25
First Trust Advisors
Illinois
$1.07M +$9.71K +292 +0.9%
1
2 3 4

GAM Hedge Fund Activity: Q3 2015 in Review

73 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2015, worth a combined $269M — down 19% from $331M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new GAM positions and 4 closed out — a net gain of 3 holders — while 26 added to existing stakes and 12 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $7.08M. The largest seller was Lazard Asset Management, cutting an estimated $30.9M.

  • 73 institutional investors held General American Investors Company (GAM) as of Q3 2015, up from 70 in Q2 2015.
  • Funds reported $269M of General American Investors Company stock for Q3 2015, down 19% quarter-over-quarter.
  • 7 funds opened new General American Investors Company positions in Q3 2015 and 4 closed out, a net change of +3 holders.
  • The largest General American Investors Company buyer in Q3 2015 was Karpus Investment Management, an estimated $7.08M added.
  • The largest General American Investors Company seller in Q3 2015 was Lazard Asset Management, an estimated $30.9M sold.

Based on aggregated 13F filings for Q3 2015.