General American Investors Company
GAM
73 hedge funds and large institutions have $308M invested in General American Investors Company in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
7% more capital invested
Capital invested by funds: $287M → $308M (+$20.9M)
3% more funds holding
Funds holding: 71 → 73 (+2)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.13% less ownership
Funds ownership: 30.93% → 30.8% (-0.13%)
28% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$989K |
| 2 |
EIP
Epoch Investment Partners
New York
|
+$813K |
| 3 |
Cohen & Steers
New York
|
+$786K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$597K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$593K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell & Co
New York
|
-$1.86M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$709K |
| 3 |
Morgan Stanley
New York
|
-$529K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$498K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$388K |
GAM Hedge Fund Activity: Q2 2023 in Review
73 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q2 2023, worth a combined $308M — up 7.3% from $287M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GAM positions and 5 closed out — a net gain of 3 holders — while 18 added to existing stakes and 25 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $989K. The largest seller was Cannell & Co, exiting entirely with an estimated $1.86M sold.
- 73 institutional investors held General American Investors Company (GAM) as of Q2 2023, up from 71 in Q1 2023.
- Funds reported $308M of General American Investors Company stock for Q2 2023, up 7.3% quarter-over-quarter.
- 8 funds opened new General American Investors Company positions in Q2 2023 and 5 closed out, a net change of +3 holders.
- The largest General American Investors Company buyer in Q2 2023 was Saba Capital Management, an estimated $989K added.
- The largest General American Investors Company seller in Q2 2023 was Cannell & Co, an estimated $1.86M sold.
Based on aggregated 13F filings for Q2 2023.