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GAM

General American Investors Company
GAM

70 hedge funds and large institutions have $304M invested in General American Investors Company in 2021 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

7% more capital invested

Capital invested by funds: $286M → $304M (+$18.8M)

0.64% less ownership

Funds ownership: 29.2% → 28.56% (-0.64%)

3% less funds holding

Funds holding: 72 → 70 (-2)

14% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 21

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
70
Holders Change
-2
Holders Change %
-2.78%
% of All Funds
1.22%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
6
Increased
18
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SFS
Shaker Financial Services
Virginia
+$4.1M
2
WAM
Wolverine Asset Management
Illinois
+$860K
3
Barclays
Barclays
United Kingdom
+$520K
4
PPA
Parametric Portfolio Associates
Washington
+$387K
5
SKK
Shepherd Kaplan Krochuk
Massachusetts
+$371K

Top Sellers

1
Cohen & Steers
Cohen & Steers
New York
-$3.2M
2
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
-$2.48M
3
SIA
Sit Investment Associates
Minnesota
-$2.23M
4
QC
Quantedge Capital
Singapore
-$2.05M
5
Wells Fargo
Wells Fargo
California
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$56.3M – – –
1CP
2
1607 Capital Partners
Virginia
$35.5M +$29.7K +700 +0.1%
SIA
3
Sit Investment Associates
Minnesota
$30.7M -$2.23M -52,509 -7%
BBPWM
4
Blue Bell Private Wealth Management
Pennsylvania
$26.7M -$2.48M -58,396 -9%
CA
5
Cornerstone Advisors
North Carolina
$19M -$127K -3,000 -0.7%
SCM
6
Saba Capital Management
New York
$18.8M -$217K -5,115 -1%
PPA
7
Parametric Portfolio Associates
Washington
$16.7M +$387K +9,097 +2%
BI
8
Bulldog Investors
New Jersey
$12.5M – – –
SFS
9
Shaker Financial Services
Virginia
$8.12M +$4.1M +96,539 +107%
RJA
10
Raymond James & Associates
Florida
$7.59M +$197K +4,645 +3%
Bank of America
11
Bank of America
North Carolina
$6.76M -$467K -10,988 -7%
MC
12
Matisse Capital
Oregon
$5.64M -$1.05M -24,628 -16%
Wells Fargo
13
Wells Fargo
California
$4.62M -$1.82M -42,767 -29%
LCS
14
Levin Capital Strategies
New York
$4.48M – – –
1832 Asset Management
15
1832 Asset Management
Ontario, Canada
$4.03M – – –
OMC
16
Overbrook Management Corp
New York
$4.01M – – –
Morgan Stanley
17
Morgan Stanley
New York
$3.97M +$265K +6,232 +7%
MAA
18
Mraz Amerine & Associates
California
$3.41M -$69.7K -1,639 -2%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$3.13M +$86.5K +2,036 +3%
TJHA
20
Thomas J. Herzfeld Advisors
Florida
$3.13M -$11.7K -275 -0.4%
WAM
21
Wolverine Asset Management
Illinois
$3.13M +$860K +20,229 +39%
First Trust Advisors
22
First Trust Advisors
Illinois
$2.67M -$18.7K -440 -0.7%
Cohen & Steers
23
Cohen & Steers
New York
$2.14M -$3.2M -75,304 -60%
CC
24
Cannell & Co
New York
$1.87M – – –
CL
25
CSS LLC
Illinois
$1.46M – – –
1
2 3 4

GAM Hedge Fund Activity: Q2 2021 in Review

70 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q2 2021, worth a combined $304M — up 6.6% from $286M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of GAM and 6 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 18 added.

The largest buyer was Shaker Financial Services, adding an estimated $4.1M. The largest seller was Cohen & Steers, cutting an estimated $3.2M.

  • 70 institutional investors held General American Investors Company (GAM) as of Q2 2021, down from 72 in Q1 2021.
  • Funds reported $304M of General American Investors Company stock for Q2 2021, up 6.6% quarter-over-quarter.
  • 6 funds opened new General American Investors Company positions in Q2 2021 and 8 closed out, a net change of -2 holders.
  • The largest General American Investors Company buyer in Q2 2021 was Shaker Financial Services, an estimated $4.1M added.
  • The largest General American Investors Company seller in Q2 2021 was Cohen & Steers, an estimated $3.2M sold.

Based on aggregated 13F filings for Q2 2021.