Wolverine Asset Management buys $7,718,265 stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Wolverine Asset Management scooped up 55,333 additional shares in General American Investors Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 234,384 shares of General American Investors Co. which is valued at $7,718,265.General American Investors Co. makes up approximately 0.68% of Wolverine Asset Management’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. reduced its stake in GAM by selling 436 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 81,686 shares of GAM which is valued at $2,689,920. General American Investors Co. makes up approx 0.34% of Landscape Capital Management L.l.c.’s portfolio. 1832 Asset Management added GAM to its portfolio by purchasing 50,000 company shares during the most recent quarter which is valued at $1,646,500. General American Investors Co. makes up approx 0.01% of 1832 Asset Management’s portfolio.Bulldog Investors reduced its stake in GAM by selling 2,563 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 186,696 shares of GAM which is valued at $6,147,899. General American Investors Co. makes up approx 1.55% of Bulldog Investors’s portfolio.Gramercy Funds Management reduced its stake in GAM by selling 17,348 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 709,309 shares of GAM which is valued at $23,357,545. General American Investors Co. makes up approx 9.33% of Gramercy Funds Management’s portfolio.Rathbone Brothers Plc reduced its stake in GAM by selling 2,000 shares or 16.99% in the most recent quarter. The Hedge Fund company now holds 9,774 shares of GAM which is valued at $317,362. General American Investors Co. makes up approx 0.02% of Rathbone Brothers Plc’s portfolio.

General American Investors Co. opened for trading at $32.91 and hit $33.01 on the upside on Thursday, eventually ending the session at $32.96, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 52,462 shares. Company has a market cap of $967 M.

General American Investors Company Inc. is a diversified closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Company’s investment approach focuses on the selection of individual stocks each of which is expected to meet a clearly defined portfolio objective. The Company’s portfolio of investments include financials information technology consumer discretionary consumer staples energy health care industrials telecommunication services materials short-term securities and other.

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