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13D Filing: Billionaire Mario Gabelli Raises Exposure to Kaman Corporation (KAMN)

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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
Gabelli Funds 1,244,418 1,244,418 1,244,418 4.61%
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%
Mario Gabelli
Mario Gabelli
GAMCO Investors

Page 1 of 18 SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 20)
Kaman Corporation
(Name of Issuer)
Class A Common Stock  Par Value $1.00 Per Share
(Title of Class of Securities)
___________________            483548103________________________
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
_______________March 9, 2016_________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .
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