The horrific mass murder at Sandy Hook Elementary School in Newtown, Connecticut was a wake-up call for our nation, and underscored a growing epidemic of gun violence that threatens every American. In New York City, we initiated the process of divesting our public pension fund holdings in companies that manufacture military-grade assault weapons and high-capacity ammunition magazines for sale on the civilian market.
The days of quietly condoning business as usual are over. Investors have a choice to make -- profit off an industry that puts military-grade weapons on our streets, or become a force for change? Join our call for action today by pledging to divest your gun investments and urge institutional investors to do the same.
GET THE FACTS
- Learn which hedge funds and money managers invest in the gun industry
TAKE THE PLEDGE
- If you have investments, click here to take the pledge not to invest in companies that sell military grade weapons and high-capacity ammunition on the civilian market.
URGE WALL STREET TO CHANGE
- We're looking to generate 50,000 phone calls to the hedge funds with the largest gun holdings. It only takes a couple minutes to make a difference. We'll walk you through who to call and what to say. Click here to get started.
- Use our sample letter to contact the institutional investors on our lists (hedge funds & money managers) and encourage them to join Wall Street for Change by divesting from companies that sell military grade weapons and high-capacity ammunition on the civilian market
No. | Name of firm & total holdings | Change last qtr (% shares) |
|---|---|---|
1 | Cerberus Capital Management $700-957 million** | ** |
2 | Tiger Global Management, LLC $36.3 million** | ** |
3 | Dreman Value Management $30.2 million | OLN:  1% |
4 | Renaissance Technologies, LLC $30 million | SWHC: 43%RGR: 71.6% |
5 | Impala Asset Management $27.8 million | SWHC:  NEWRGR: NEW |
[ click here for complete list & contacts ]
On 12/18/12, Cerberus announced they would sell their 94% stake in the Freedom Group. According to press reports, Tiger Global sold all gun holdings in early 2013.
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No. | Name of firm & total holdings | Change last qtr (% shares) |
|---|---|---|
1 | Black Rock $342 million | SWHC: 94%RGR: 5%OLN: 3.5% |
2 | Vanguard Group $198 million | SWHC: 18%RGR: 1.7%OLN: 3.4% |
3 | State Street Corporation $166 million | OLN: .18%RGR: .07%OLN: 4.65% |
4 | Allianz Asset Management AG $88.4 million | OLN: 57.5%RGR: .38%OLN: 30.9% |
5 | Heartland Advisors $72.3 million | OLN: .07% |
[ click here for complete list & contacts ]
Data based on last SEC filing (12/31/12).
After securing divestment measures at their respective pension funds, Public Advocate Bill de Blasio and California State Treasurer Bill Lockyer are urging the rest of the nation’s leading pension funds to take action against gun manufacturers.
In a joint-letter to 55 of the nation’s largest public pension funds, de Blasio and Lockyer applauded successful actions in New York, California, Philadelphia and Chicago against manufacturers of assault weapons and high-capacity ammunition clips for civilians and urged the funds to take similar steps. [ Download the letters here (.pdf) ]