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GAM

General American Investors Company

82 hedge funds and large institutions have $262M invested in General American Investors Company in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

4% more funds holding

Funds holding: 7982 (+3)

0% more funds holding in top 10

Funds holding in top 10: 66 (0)

0% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 23

3% less capital invested

Capital invested by funds: $270M → $262M (-$7.77M)

1.8% less ownership

Funds ownership: 30.35%28.55% (-1.8%)

Holders
82
Holders Change
+3
Holders Change %
+3.8%
% of All Funds
2.19%
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.16%
New
8
Increased
23
Reduced
23
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$42.3M -$5.88M -180,902 -12%
Lazard Asset Management
2
Lazard Asset Management
New York
$36.4M -$18.3M -562,965 -34%
GFM
3
Gramercy Funds Management
Connecticut
$20.9M -$2.26M -69,493 -10%
BBPWM
4
Blue Bell Private Wealth Management
Pennsylvania
$15.2M +$2.6M +79,887 +21%
RJA
5
Raymond James & Associates
Florida
$13.1M +$574K +17,663 +5%
RCM
6
Rivernorth Capital Management
Florida
$12.4M
CA
7
Cornerstone Advisors
North Carolina
$8.42M +$739K +22,730 +10%
OMC
8
Overbrook Management Corp
New York
$7.65M -$1.3M -39,919 -15%
SCM
9
Saba Capital Management
New York
$7.49M +$7.45M +229,412 New
1CP
10
1607 Capital Partners
Virginia
$7.43M -$153K -4,700 -2%
RVPG
11
Relative Value Partners Group
$6.83M +$119K +3,648 +2%
BI
12
Bulldog Investors
New Jersey
$6.18M +$83.3K +2,563 +1%
WAM
13
Wolverine Asset Management
Illinois
$5.86M -$1.78M -54,935 -23%
MC
14
Matisse Capital
Oregon
$5.74M +$3.25K +100 +0.1%
SFS
15
Shaker Financial Services
Virginia
$4.99M +$161K +4,945 +3%
MAA
16
Mraz Amerine & Associates
California
$4.86M -$27.1K -835 -0.6%
Morgan Stanley
17
Morgan Stanley
New York
$4.74M -$5.56M -171,025 -54%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$4.33M +$4.31M +132,756 New
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$3.79M +$63.2K +1,945 +2%
COLIM
20
City of London Investment Management
United Kingdom
$3.72M +$1.04M +32,000 +39%
Bank of America
21
Bank of America
North Carolina
$3.52M -$728K -22,400 -17%
KLI
22
Kelman-Lazarov Inc
Tennessee
$3.34M -$122K -3,763 -4%
1832 Asset Management
23
1832 Asset Management
Ontario, Canada
$3.27M +$1.62M +50,000 +100%
CRC
24
Curi RMB Capital
Illinois
$2.67M +$2.03M +62,618 +329%
CAM
25
Columbia Asset Management
Michigan
$2.11M +$1.95M +60,000 +314%

GAM Hedge Fund Activity: Q3 2016 in Review

82 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2016, worth a combined $262M — down 2.9% from $270M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new GAM positions and 4 closed out — a net gain of 4 holders — while 23 added to existing stakes and 23 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.45M. The largest seller was Lazard Asset Management, cutting an estimated $18.3M.

  • 82 institutional investors held General American Investors Company (GAM) as of Q3 2016, up from 79 in Q2 2016.
  • Funds reported $262M of General American Investors Company stock for Q3 2016, down 2.9% quarter-over-quarter.
  • 8 funds opened new General American Investors Company positions in Q3 2016 and 4 closed out, a net change of +4 holders.
  • The largest General American Investors Company buyer in Q3 2016 was Saba Capital Management, an estimated $7.45M added.
  • The largest General American Investors Company seller in Q3 2016 was Lazard Asset Management, an estimated $18.3M sold.

Based on aggregated 13F filings for Q3 2016.