According to a recent 13D filing with the US Securities and Exchange Commission, billionaire Mario Gabelli‘s GAMCO Investors and its affiliates own 19.27% of Kaman Corporation (NYSE:KAMN). The filing showed that the position amasses 5.21 million shares and the largest parts of the aggregate amount are held by GAMCO Investors and Gabelli Funds with 3.75 million shares and 1.24 million shares, respectively. In its latest 13F, GAMCO reported ownership of 3.58 million shares of Kaman.
Kaman Corporation (NYSE:KAMN) has experienced an increase in enthusiasm from smart money during the fourth quarter. KAMN was in 18 hedge funds’ portfolios at the end of the fourth quarter of 2015, compared to 15 hedge funds in our database with KAMN holdings at the end of the previous quarter.
Aside from GAMCO, other investors with substantial positions in Kaman include Amy Minella of Cardinal Capital, with a $40.4 million position; the fund has 2.3% of its 13F portfolio invested in the stock. Chuck Royce’s Royce & Associates, Joel Greenblatt’s Gotham Asset Management and Israel Englander’s Millennium Management also ranked among the largest shareholders of KAMN at the end of last year.
Moreover, several funds initiated new stakes in Kaman during the last three months of 2015. Coe Capital Management, managed by Mark Coe, created the largest position in Kaman Corporation (NYSE:KAMN), followed by Mike Vranos’s Ellington and John A. Levin’s Levin Capital Strategies.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|GAMCO Asset Management Inc. I.D. No. 13-40445||3,499,172||3,751,372||3,751,372||13.88%|
|Teton Advisors, Inc. I.D. No. 13-4008049||197,301||197,301||197,301||0.73%|
|MJG Associates, Inc. I.D. No. 06-1304||8,000||8,000||8,000||0.03%|
|Gabelli Securities, Inc. I.D. No. 13-3379374||4,000||4,000||4,000||0.01%|
|GGCP, Inc. I.D. No. 13-3056041||0.00%|
|Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b)||0.00%|
|GAMCO Investors, Inc. I.D. No. 13-400786||0.00%|
|Mario J. Gabelli||500||500||500||0.00%|