GENERAL AMERN INVS CO INC GAM
COM · Closed-End Fund · CUSIP 368802104
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $63.82.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 71 |
| Q4 2022 | 76 |
| Q1 2023 | 73 |
| Q2 2023 | 75 |
| Q3 2023 | 78 |
| Q4 2023 | 83 |
| Q1 2024 | 83 |
| Q2 2024 | 88 |
| Q3 2024 | 92 |
| Q4 2024 | 92 |
| Q1 2025 | 86 |
| Q2 2025 | 88 |
| Q3 2025 | 95 |
| Q4 2025 | 94 |
| Q1 2026 | 95 |
| Q2 2026 | 106 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 34 | 37 |
| Q4 2024 | 37 | 28 |
| Q1 2025 | 32 | 29 |
| Q2 2025 | 23 | 27 |
| Q3 2025 | 26 | 27 |
| Q4 2025 | 54 | 30 |
| Q1 2026 | 31 | 32 |
| Q2 2026 | 35 | 31 |
Biggest buyers
| Atlas Wealth LLC | New | +170.5k |
| Shaker Financial Services, LLC | Added | +74.6k |
| Allspring Global Investments Holdings, LLC | Added | +26.8k |
| RAYMOND JAMES FINANCIAL INC | Added | +23.2k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +21.4k |
| Cambridge Investment Research Advisors, Inc. | Added | +12.4k |
| Samalin Investment Counsel, LLC | Added | +11.7k |
| PNC Financial Services Group, Inc. | Added | +9.9k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Added | +7.9k |
| XTX Topco Ltd | Added | +6.7k |
Biggest sellers
| 1607 Capital Partners, LLC | Reduced | -166.7k |
| Saba Capital Management, L.P. | Reduced | -88.1k |
| Stolper Co | Reduced | -35.9k |
| WELLS FARGO & COMPANY/MN | Reduced | -29.6k |
| Pathstone Holdings, LLC | Reduced | -13.1k |
| Corient Private Wealth LP | Sold out | -10.9k |
| SIT INVESTMENT ASSOCIATES INC | Reduced | -9.0k |
| Advisors Asset Management, Inc. | Reduced | -8.8k |
| HighTower Advisors, LLC | Reduced | -6.4k |
| UBS Group AG | Reduced | -5.7k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
-1.0 pts · filed 2026-06-29
Stated purposeNot Applicable. Full filing |
7.3% |
| LAZARD ASSET MANAGEMENT LLC 13G · institution +1.1 pts · filed 2026-05-15 | 6.7% |
DAVIDSON SPENCER
13D · may seek influence
filed 2026-01-06
Stated purposeMr. Davidson acquired the Shares reported herein for investment purposes in the ordinary course of investing in securities for his own account. The purpose of this filing is to conform information reported herein to the January 5, 2026 Form 4/A. Other than as may have arisen in his capacity as a director of the Issuer, Mr. Davidson currently has no plans or proposals that relate to, or would result in, any of the matters listed in Item 4(a)-G) of Schedule 13D. Full filing |
6.0% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 3 | $198.3k | 0 | — | — |
| Q1 2025 | 3 | $250.4k | 0 | — | — |
| Q2 2025 | 3 | $104.7k | 2 | $808.8k | — |
| Q3 2025 | 1 | $10.1k | 0 | — | — |
| Q4 2025 | 2 | $608.5k | 0 | — | — |
| Q1 2026 | 3 | $287.3k | 0 | — | — |
| Q2 2026 | 3 | $313.5k | 0 | — | — |
| Q3 2026 | 4 | $444.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-23 | DAVIDSON SPENCER Chairman · 5.95% Preferred Stock | Bought | $227.5k10.0k shares |
| 2026-09-23 | Stark Eugene S VP Administration · 5.95% Preferred Stock | Bought | $113.8k5.0k shares |
| 2026-09-22 | Grassi Craig Anthony Vice-President · By Spouse · 5.95% Preferred Stock | Bought | $46.2k2.0k shares |
| 2026-09-18 | Priest Jeffrey W President & CEO · 5.95% Preferred Stock | Bought | $93.8k4.0k shares |
| 2026-09-17 | Jin Samantha X. Treasurer/PAO/PFO · 5.95% Preferred Stock | Bought | $47.4k2.0k shares |
| 2026-09-17 | Jin Samantha X. Treasurer/PAO/PFO · 5.95% Preferred Stock | Bought | $23.7k1.0k shares |
| 2026-09-15 | Stark Eugene S VP Administration · 5.95% Preferred Stock | Bought | $120.0k5.0k shares |
| 2026-04-20 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $12.3k500 shares |
| 2026-04-17 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $24.8k1.0k shares |
| 2026-04-08 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $152.9k6.2k shares |
| 2026-04-08 | Priest Jeffrey W President & CEO · 5.95% Preferred Stock | Bought | $123.5k5.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 3.41% of their portfolio | 1.8m $111.7m | Reduced -88.1k |
| LAZARD ASSET MANAGEMENT LLC 0.15% of their portfolio | 1.6m $101.0m | Added +3.2k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.56% of their portfolio | 825.5k $52.6m | Added +7.9k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 457.7k $29.2m | Added +26.8k |
| Bulldog Investors, LLP 4.16% of their portfolio | 296.4k $18.9m | Unchanged |
| NEVILLE RODIE & SHAW INC 1.21% of their portfolio | 294.0k $18.7m | Unchanged |
| COHEN & STEERS, INC. 0.03% of their portfolio | 260.0k $16.6m | Unchanged |
| SIT INVESTMENT ASSOCIATES INC 0.29% of their portfolio | 239.7k $15.3m | Reduced -9.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 194.8k $12.4m | Reduced -1.7k |
| Atlas Wealth LLC 1.55% of their portfolio | 170.5k $10.9m | New |
| Pathstone Holdings, LLC 0.03% of their portfolio | 148.5k $9.5m | Reduced -13.1k |
| Advisors Asset Management, Inc. 0.12% of their portfolio | 121.1k $7.7m | Reduced -8.8k |
| Penserra Capital Management LLC 0.05% of their portfolio | 110.1k $7.0m | Added +4.2k |
| 1607 Capital Partners, LLC 0.61% of their portfolio | 109.5k $7.0m | Reduced -166.7k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.46% of their portfolio | 107.3k $6.8m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 98.4k $6.3m | Added +1.5k |
| Shaker Financial Services, LLC 1.62% of their portfolio | 81.3k $5.2m | Added +74.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 50.0k $3.2m | Added +23.2k |
| Altium Capital Management LLC 6.55% of their portfolio | 48.8k $3.1m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 43.3k $2.8m | Added +382 |
| EVOLVE PRIVATE WEALTH, LLC 0.15% of their portfolio | 38.2k $2.4m | Reduced -2.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 37.1k $2.4m | Added +1.7k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 35.8k $2.3m | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 0.62% of their portfolio | 31.9k $2.0m | Reduced -726 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 30.6k $1.9m | Unchanged |
| CSS LLC/IL 0.08% of their portfolio | 29.8k $1.9m | Reduced -1.2k |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 28.7k $1.8m | Added +21.4k |
| Samalin Investment Counsel, LLC 0.51% of their portfolio | 25.2k $1.6m | Added +11.7k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 24.7k $1.6m | Added +2.0k |
| Mariner, LLC 0.00% of their portfolio | 20.8k $1.3m | Added +3.0k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 20.0k $1.3m | Added +12.4k |
| WALLER FINANCIAL PLANNING GROUP, INC 0.26% of their portfolio | 19.6k $1.2m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 18.9k $1.2m | Added +599 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 18.9k $1.2m | Reduced -1.8k |
| Mraz, Amerine & Associates, Inc. 0.17% of their portfolio | 18.2k $1.2m | Reduced -2.2k |
| Overbrook Management Corp 0.16% of their portfolio | 16.4k $1.0m | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 15.2k $966.1k | Reduced -1.4k |
| HighTower Advisors, LLC 0.00% of their portfolio | 14.2k $903.4k | Reduced -6.4k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 13.0k $832.0k | Added +1.5k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 12.6k $806.3k | Added +9.9k |
| XTX Topco Ltd 0.01% of their portfolio | 12.6k $802.3k | Added +6.7k |
| Advocate Investing Services LLC 0.60% of their portfolio | 12.3k $782.1k | Unchanged |
| Joel Isaacson & Co., LLC 0.02% of their portfolio | 11.9k $759.3k | Unchanged |
| Savant Capital, LLC 0.00% of their portfolio | 10.3k $655.1k | Unchanged |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 10.2k $650.0k | Unchanged |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.03% of their portfolio | 9.6k $610.5k | Unchanged |
| Uncommon Cents Investing LLC 0.13% of their portfolio | 9.5k $606.1k | Unchanged |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio | 8.3k $532.0k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 7.5k $480.8k | Reduced -5.7k |
| Cornerstone Planning, LLC 0.11% of their portfolio | 7.1k $454.9k | Unchanged |
| NIXON PEABODY TRUST CO 0.03% of their portfolio | 7.0k $449.2k | Unchanged |
| Stolper Co 0.10% of their portfolio | 6.3k $402.0k | Reduced -35.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 6.2k $395.8k | Reduced -220 |
| READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio | 6.1k $391.2k | New |
| Focus Partners Wealth 0.00% of their portfolio | 5.8k $367.1k | Reduced -669 |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 5.6k $354.7k | Unchanged |
| PARK AVENUE SECURITIES LLC 0.00% of their portfolio | 5.5k $351.0k | Reduced -753 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 5.2k $333.0k | Reduced -1 |
| SAGESPRING WEALTH PARTNERS, LLC 0.01% of their portfolio | 5.2k $333.0k | Reduced -1.2k |
| TOMPKINS FINANCIAL CORP 0.02% of their portfolio | 5.1k $325.3k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 5.1k $324.2k | New |
| Schrum Private Wealth Management LLC 0.26% of their portfolio | 5.1k $251.7k | Unchanged |
| IMC-Chicago, LLC 0.00% of their portfolio | 4.9k $314.2k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 4.9k $313.9k | Added +332 |
| Compass Wealth Management LLC 0.06% of their portfolio | 4.8k $309.1k | New |
| Capital Analysts, LLC 0.01% of their portfolio | 4.5k $286.0k | Reduced -619 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 4.3k $271.6k | Reduced -322 |
| Advisory Advocates, LLC 0.23% of their portfolio | 4.3k $271.6k | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 4.2k $269.9k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 4.2k $264.8k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 4.1k $261.9k | Added +150 |
| Prospera Financial Services Inc 0.00% of their portfolio | 4.0k $255.8k | Unchanged |
| Essex Financial Services, Inc. 0.01% of their portfolio | 4.0k $255.6k | Unchanged |
| REGIONS FINANCIAL CORP 0.00% of their portfolio | 4.0k $255.2k | Unchanged |
| MISSION WEALTH MANAGEMENT, LP 0.00% of their portfolio | 4.0k $252.7k | Reduced -233 |
| BCS Wealth Management 0.04% of their portfolio | 3.9k $246.5k | Unchanged |
| Robinswood Financial LLC 0.07% of their portfolio | 3.8k $244.3k | Unchanged |
| Snowden Capital Advisors LLC 0.01% of their portfolio | 3.8k $241.8k | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 3.7k $235.7k | Unchanged |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 3.6k $227.2k | Unchanged |
| CIBC Bancorp USA Inc. 0.00% of their portfolio | 3.4k $219.2k | Unchanged |
| MAI Capital Management 0.00% of their portfolio | 3.3k $211.8k | New |
| Evercore Wealth Management, LLC 0.00% of their portfolio | 3.3k $211.2k | New |
| Quad-Cities Investment Group, LLC 0.07% of their portfolio | 3.2k $206.9k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 3.2k $201.7k | Reduced -5.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.0k $190.3k | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2.7k $169.3k | Added +657 |
| BESSEMER GROUP INC 0.00% of their portfolio | 2.3k $145.0k | Reduced -665 |
| Evelyn Partners Group Ltd 0.00% of their portfolio | 2.1k $135.5k | First filing |
| Institute for Wealth Management, LLC. 0.01% of their portfolio | 1.8k $115.3k | New |
| EASTERN BANK 0.00% of their portfolio | 1.7k $109.8k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.1k $69.4k | Unchanged |
| ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio | 1.0k $65.4k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 1.0k $64.7k | Unchanged |
| Birchwood Financial Partners, Inc. 0.05% of their portfolio | 918 $58.5k | Unchanged |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 890 $56.7k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 438 $27.9k | Reduced -105 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 145 $9.2k | Unchanged |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 134 $8.5k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 134 $8.5k | First filing |