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GAM

General American Investors Company
GAM

88 hedge funds and large institutions have $245M invested in General American Investors Company in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

0.32% more ownership

Funds ownership: 27.68% → 28% (+0.32%)

3% less capital invested

Capital invested by funds: $251M → $245M (-$6.39M)

5% less funds holding

Funds holding: 93 → 88 (-5)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
88
Holders Change
-5
Holders Change %
-5.38%
% of All Funds
2.02%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.09%
New
5
Increased
26
Reduced
24
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$9.12M
2
SFS
Shaker Financial Services
Virginia
+$2.23M
3
1CP
1607 Capital Partners
Virginia
+$2.15M
4
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
+$1.49M
5
RJA
Raymond James & Associates
Florida
+$1.48M

Top Sellers

1
MC
Matisse Capital
Oregon
-$4.48M
2
RCM
Rivernorth Capital Management
Florida
-$3.94M
3
Geode Capital Management
Geode Capital Management
Massachusetts
-$3.07M
4
NRS
Neville Rodie & Shaw
New York
-$2.36M
5
LCM
Laurion Capital Management
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$35.7M – – –
BBPWM
2
Blue Bell Private Wealth Management
Pennsylvania
$23.2M +$1.49M +43,090 +7%
SCM
3
Saba Capital Management
New York
$21.2M – – –
RJA
4
Raymond James & Associates
Florida
$16.8M +$1.48M +42,611 +9%
RVPG
5
Relative Value Partners Group
$16.5M +$137K +3,959 +0.8%
SIA
6
Sit Investment Associates
Minnesota
$15.8M +$9.12M +263,081 +125%
CA
7
Cornerstone Advisors
North Carolina
$14.8M -$201K -5,800 -1%
1CP
8
1607 Capital Partners
Virginia
$14.4M +$2.15M +61,900 +17%
Morgan Stanley
9
Morgan Stanley
New York
$8.77M -$461K -13,302 -5%
SFS
10
Shaker Financial Services
Virginia
$6.78M +$2.23M +64,233 +46%
TJHA
11
Thomas J. Herzfeld Advisors
Florida
$6.22M -$22.1K -636 -0.3%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$5.51M – – –
Bank of America
13
Bank of America
North Carolina
$4.52M -$380K -10,958 -8%
WAM
14
Wolverine Asset Management
Illinois
$3.93M +$597K +17,232 +17%
MAA
15
Mraz Amerine & Associates
California
$3.89M -$209K -6,027 -5%
RCM
16
Rivernorth Capital Management
Florida
$3.68M -$3.94M -113,714 -51%
OMC
17
Overbrook Management Corp
New York
$3.59M – – –
Geode Capital Management
18
Geode Capital Management
Massachusetts
$2.78M -$3.07M -88,565 -52%
KLI
19
Kelman-Lazarov Inc
Tennessee
$2.48M -$166K -4,785 -6%
COLIM
20
City of London Investment Management
United Kingdom
$2.23M -$640K -18,460 -22%
First Trust Advisors
21
First Trust Advisors
Illinois
$2.12M +$68K +1,960 +3%
MC
22
Matisse Capital
Oregon
$2.06M -$4.48M -129,100 -68%
CAM
23
Columbia Asset Management
Michigan
$2.04M -$79.7K -2,300 -3%
BI
24
Bulldog Investors
New Jersey
$1.63M – – –
CC
25
Cannell & Co
New York
$1.28M +$19.3K +558 +1%
1
2 3 4

GAM Hedge Fund Activity: Q1 2018 in Review

88 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q1 2018, worth a combined $245M — down 2.5% from $251M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of GAM and 5 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 26 added.

The largest buyer was Sit Investment Associates, adding an estimated $9.12M. The largest seller was Matisse Capital, cutting an estimated $4.48M.

  • 88 institutional investors held General American Investors Company (GAM) as of Q1 2018, down from 93 in Q4 2017.
  • Funds reported $245M of General American Investors Company stock for Q1 2018, down 2.5% quarter-over-quarter.
  • 5 funds opened new General American Investors Company positions in Q1 2018 and 10 closed out, a net change of -5 holders.
  • The largest General American Investors Company buyer in Q1 2018 was Sit Investment Associates, an estimated $9.12M added.
  • The largest General American Investors Company seller in Q1 2018 was Matisse Capital, an estimated $4.48M sold.

Based on aggregated 13F filings for Q1 2018.