Thomas E. Claugus’ GMT Capital just reported 8.1% passive stake in Oppenheimer Holdings Inc. (OPY) in its 13G filing today. According to the disclosure, GMT Capital now has 1.10 million shares in OPY. Since GMT Capital revealed 1.25 million OPY shares in its last 13F, this is an 11.7% decrease in its position. OPY had a mixed performance before it suddenly hit by the Greek debt deterioration in early August. Now the stock is struggling near its 2-year low, and has dropped by 35% year to date. Now OPY is trading at $16.73.
In the second quarter, according to Insider Monkey’s hedge fund tracking list, three hedge funds had OPY in their portfolios. Thomas E. Claugus’ GMT Capital took the most with 1.25 million shares., representing a 9.17% stake. Chuck Royce’s Royce & Associates had 125 thousand shares, and David E. Shaw’s D E Slaw had 23 thousand shares.
GMT Capital Corp is a private investment company, targeting on long-term absolute returns in Basic Materials, Technology, Services, Financial, Consumer Goods and some other sectors. The company had a 13F portfolio of $4.4 billion in the second quarter. Mr. Thomas E. Claugus is the Founder and President at GMT Capital Corp. Before he found the GMT Capital in 1990, he acted as a manager for Europe of the polymers division of Rohm and Haas.
Oppenheimer Holdings Inc. is a middle-market investment bank and service broker-dealer. The Company engages in a range of activities in retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services and investment advisory and asset management services. The Company operates Oppenheimer & Co. Inc. (Oppenheimer), Oppenheimer Asset Management (OAM), Freedom Investments Inc. (Freedom), Oppenheimer Trust Company (Oppenheimer Trust), OPY Credit Corp. and Oppenheimer Multifamily Housing & Healthcare Finance, Inc. (OMHHF). The company was founded in 1977 and is headquartered in New York City, NY.