General American Investors Company
GAM
93 hedge funds and large institutions have $252M invested in General American Investors Company in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 25 reducing their positions, and 2 closing their positions.
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
52% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 25
11% more funds holding
Funds holding: 84 → 93 (+9)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
2.45% less ownership
Funds ownership: 30.13% → 27.68% (-2.4%)
14% less capital invested
Capital invested by funds: $293M → $252M (-$40.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.55M |
| 2 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$2.48M |
| 3 |
NRS
Neville Rodie & Shaw
New York
|
+$2.35M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.33M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$21.2M |
| 2 |
SCM
Saba Capital Management
New York
|
-$14.4M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.81M |
| 4 |
Morgan Stanley
New York
|
-$1.56M |
| 5 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$1.46M |
GAM Hedge Fund Activity: Q4 2017 in Review
93 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q4 2017, worth a combined $252M — down 14% from $293M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new GAM positions and 2 closed out — a net gain of 9 holders — while 38 added to existing stakes and 25 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.55M. The largest seller was Karpus Investment Management, cutting an estimated $21.2M.
- 93 institutional investors held General American Investors Company (GAM) as of Q4 2017, up from 84 in Q3 2017.
- Funds reported $252M of General American Investors Company stock for Q4 2017, down 14% quarter-over-quarter.
- 11 funds opened new General American Investors Company positions in Q4 2017 and 2 closed out, a net change of +9 holders.
- The largest General American Investors Company buyer in Q4 2017 was Sit Investment Associates, an estimated $2.55M added.
- The largest General American Investors Company seller in Q4 2017 was Karpus Investment Management, an estimated $21.2M sold.
Based on aggregated 13F filings for Q4 2017.