Vault-13

GENERAL AMERN INVS CO INC GAM

COM · Closed-End Fund · CUSIP 368802104

75 institutional holders +2 vs Q1 2023
7,379,7597.4m shares reported held*
$308.3mreported value*
6 new 18 added 25 reduced 5 sold out net sold ≈ $406.1k (-23.1k shares)

* 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 ≈ $41.77.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 71Q4 22: 76Q1 23: 73Q2 23: 7575Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202271
Q4 202276
Q1 202373
Q2 202375

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 35 bought or addedQ4 22: 26 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 33 cut or sold outQ1 23Q2 23: 24 bought or addedQ2 23: 30 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223526
Q1 20232233
Q2 20232430

Biggest buyers

Saba Capital Management, L.P. Added +24,857+24.9k
Epoch Investment Partners, Inc. New +20,438+20.4k
COHEN & STEERS, INC. Added +19,763+19.8k
Thomas J. Herzfeld Advisors, Inc. Added +14,997+15.0k
AQR Arbitrage LLC Added +14,903+14.9k
Walleye Capital LLC New +10,789+10.8k
Shaker Financial Services, LLC Added +10,487+10.5k
OSAIC HOLDINGS, INC. Added +8,133+8.1k
FIRST MANHATTAN CO. LLC. Added +5,074+5.1k
Schrum Private Wealth Management LLC New +5,062+5.1k

Biggest sellers

Cannell & Co. Sold out -47,894-47.9k
Allspring Global Investments Holdings, LLC Reduced -17,808-17.8k
INTEGRATED CAPITAL MANAGEMENT, INC. Sold out -16,725-16.7k
MORGAN STANLEY Reduced -13,301-13.3k
1607 Capital Partners, LLC Reduced -12,512-12.5k
Cetera Advisors LLC Sold out -9,978-10.0k
PARK AVENUE SECURITIES LLC Reduced -8,900-8.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -7,753-7.8k
Atlas Wealth LLC Reduced -6,940-6.9k
Bulldog Investors, LLP Reduced -6,821-6.8k

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.

HolderStakeChangeShares Last filed
Saba Capital Management, L.P. 13D · may seek influence -1.0 pts · filed 2026-06-29
Stated purposeNot Applicable. Full filing
7.3% -1.0 pts 1.8m≈ $111.7m 2026-06-29
LAZARD ASSET MANAGEMENT LLC 13G · institution +1.1 pts · filed 2026-05-15 6.7% +1.1 pts 1.6m≈ $100.8m 2026-05-15
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% 1.4m≈ $91.7m 2026-01-06

Insider purchases and sales in Q2 2023

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)

BuyingSelling
202Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 0 buyingQ4 21: 0 sellingQ4 21Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 2 buyingQ2 22: 0 sellingQ2 22Q3 22: 1 buyingQ3 22: 0 sellingQ4 22: 1 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 2 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20222$163.6k0——
Q3 20221$17.0k0——
Q4 20221$99.6k0——
Q1 20230—0——
Q2 20230—2$26—
DateInsiderTradeSharesPrice ValueTheir holding
2023-05-24 DAVIDSON SPENCER Director · By Trusts · 5.95% Preferred Stock Sold 1 $25.71 $261 share -<1%
2023-05-24 Siri von Reis 2012 Family Trust Director · 5.95% Preferred Stock Sold 1 $25.71 $261 share -<1%

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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 1,314,3031.3m $54.8m $54.8m 0.07% Unchanged
2 1607 Capital Partners, LLC 2.87% of their portfolio Richmond, VA 959,526959.5k $40.0m $40.0m 2.87% Reduced -12.5k -12,512
3 Saba Capital Management, L.P. 0.95% of their portfolio NEW YORK, NY 693,236693.2k $28.9m $28.9m 0.95% Added +24.9k +24,857
4 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.92% of their portfolio BLUE BELL, PA 626,567626.6k $26.1m $26.1m 6.92% Added +3.2k +3,250
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 601,300601.3k $25.1m $25.1m 0.00% Reduced -13.3k -13,301
6 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 529,582529.6k $22.1m $22.1m 0.04% Reduced -17.8k -17,808
7 Atlas Wealth LLC 2.90% of their portfolio CINCINNATI, OH 370,863370.9k $15.8m $15.8m 2.90% Reduced -6.9k -6,940
8 Bulldog Investors, LLP 4.49% of their portfolio SADDLE BROOK, NJ 324,541324.5k $13.5m $13.5m 4.49% Reduced -6.8k -6,821
9 Cornerstone Advisors, LLC 0.62% of their portfolio ASHEVILLE, NC 311,287311.3k $13.0m $13.0m 0.62% Reduced -3.9k -3,874
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 185,866185.9k $7.8m $7.8m 0.00% Added +4.0k +4,049
11 Shaker Financial Services, LLC 2.13% of their portfolio Arlington, VA 116,895116.9k $4.9m $4.9m 2.13% Added +10.5k +10,487
12 COHEN & STEERS, INC. 0.01% of their portfolio NEW YORK, NY 110,748110.7k $4.6m $4.6m 0.01% Added +19.8k +19,763
13 Almitas Capital LLC 2.00% of their portfolio SANTA MONICA, CA 109,864109.9k $4.7m $4.7m 2.00% Added +100 +100
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 107,652107.7k $4.5m $4.5m 0.00% Added +1.9k +1,930
15 LEVIN CAPITAL STRATEGIES, L.P. 0.50% of their portfolio NEW YORK, NY 103,175103.2k $4.3m $4.3m 0.50% Unchanged
16 Thomas J. Herzfeld Advisors, Inc. 1.37% of their portfolio MIAMI BEACH, FL 82,24282.2k $3.4m $3.4m 1.37% Added +15.0k +14,997
17 Overbrook Management Corp 0.81% of their portfolio NEW YORK, NY 81,71981.7k $3.4m $3.4m 0.81% Reduced -600 -600
18 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 49,54049.5k $2.1m $2.1m 0.00% Added +4.2k +4,155
19 Mraz, Amerine & Associates, Inc. 0.44% of their portfolio Modesto, CA 45,27945.3k $1.9m $1.9m 0.44% Reduced -4.9k -4,855
20 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 42,28042.3k $1.8m $1.8m 0.03% Reduced -3.7k -3,681
21 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 41,31341.3k $1.7m $1.7m 0.00% Reduced -2.3k -2,340
22 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 35,84535.8k $1.5m $1.5m 0.00% Unchanged
23 CSS LLC/IL 0.11% of their portfolio CHICAGO, IL 34,63934.6k $1.4m $1.4m 0.11% Added +100 +100
24 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 33,79433.8k $1.4m $1.4m 0.01% Unchanged
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 30,89330.9k $1.3m $1.3m 0.00% Reduced -7.8k -7,753
26 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 29,81429.8k $1.2m $1.2m 0.02% Reduced -8.9k -8,900
27 NEVILLE RODIE & SHAW INC 0.10% of their portfolio NEW YORK, NY 28,34728.3k $1.2m $1.2m 0.10% Unchanged
28 Karpus Management, Inc. 0.04% of their portfolio Pittsford, NY 27,00027.0k $1.1m $1.1m 0.04% Unchanged
29 Quantedge Capital Pte Ltd 0.49% of their portfolio Singapore, U0 26,26726.3k $1.1m $1.1m 0.49% Reduced -2.4k -2,400
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 23,15223.2k $965.9k $965.9k 0.00% Reduced -2.6k -2,561
31 AQR Arbitrage LLC 0.04% of their portfolio Greenwich, CT 20,93220.9k $873.3k $873.3k 0.04% Added +14.9k +14,903
32 Epoch Investment Partners, Inc. 0.00% of their portfolio New York, NY 20,43820.4k $852.7k $852.7k 0.00% New
33 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 17,77217.8k $743.0k $743.0k 0.00% Reduced -3.2k -3,156
34 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 17,19917.2k $717.5k $717.5k 0.01% Added +3.7k +3,684
35 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.05% of their portfolio London, X0 14,49614.5k $604.7k $604.7k 0.05% Reduced -3.0k -3,000
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 14,00914.0k $584.5k $584.5k 0.00% Added +8.1k +8,133
37 Uncommon Cents Investing LLC 0.16% of their portfolio JANESVILLE, WI 10,98311.0k $458.2k $458.2k 0.16% Reduced -119 -119
38 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 10,78910.8k $450.1k $450.1k 0.01% New
39 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.06% of their portfolio Westlake, OH 9,5769.6k $399.5k $399.5k 0.06% Unchanged
40 REGIONS FINANCIAL CORP 0.00% of their portfolio BIRMINGHAM, AL 9,1639.2k $382.3k $382.3k 0.00% Unchanged
41 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 8,6198.6k $359.6k $359.6k 0.01% Unchanged
42 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 8,6148.6k $359.4k $359.4k 0.01% Added +124 +124
43 Apexium Financial, LP 0.03% of their portfolio Dallas, TX 8,5458.5k $356.5k $356.5k 0.03% Unchanged
44 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 8,3738.4k $349.3k $349.3k 0.00% Added +856 +856
45 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 8,2848.3k $345.6k $345.6k 0.00% Added +5.1k +5,074
46 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,1988.2k $342.0k $342.0k 0.00% Reduced -11 -11
47 PINNACLE ASSOCIATES LTD 0.01% of their portfolio NEW YORK, NY 8,0978.1k $337.8k $337.8k 0.01% Added +222 +222
48 Veritable, L.P. 0.01% of their portfolio Newtown Square, PA 8,0678.1k $336.6k $336.6k 0.01% Unchanged
49 JACOBS & CO/CA 0.04% of their portfolio SAN FRANCISCO, CA 7,5167.5k $313.0k $313.0k 0.04% Unchanged
50 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 7,2017.2k $300.4k $300.4k 0.00% Reduced -3.6k -3,624
51 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.04% of their portfolio Englewood, NJ 7,0517.1k $294.2k $294.2k 0.04% Added +958 +958
52 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 6,5326.5k $273.0k $273.0k 0.00% Reduced -62 -62
53 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 6,4526.5k $269.0k $269.0k 0.00% Reduced -256 -256
54 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,0106.0k $250.7k $250.7k 0.00% Reduced -198 -198
55 RAYMOND JAMES TRUST N.A. 0.01% of their portfolio ST. PETERSBURG, FL 5,6625.7k $236.0k $236.0k 0.01% Unchanged
56 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 5,6465.6k $235.6k $235.6k 0.01% Unchanged
57 Stolper Co 0.10% of their portfolio TULSA, OK 5,5045.5k $230.0k $230.0k 0.10% Reduced -124 -124
58 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 5,0625.1k $211.2k $211.2k 0.01% Unchanged
59 Schrum Private Wealth Management LLC 0.23% of their portfolio ST. AUGUSTINE, FL 5,0625.1k $211.2k $211.2k 0.23% New
60 Compass Wealth Management LLC 0.06% of their portfolio GUILFORD, CT 4,8484.8k $202.3k $202.3k 0.06% New
61 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 4,5274.5k $189.0k $189.0k 0.00% Reduced -61 -61
62 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 3,1063.1k $129.6k $129.6k 0.01% Unchanged
63 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,1582.2k $90.0k $90.0k 0.00% Unchanged
64 Tyler-Stone Wealth Management 0.05% of their portfolio Beachwood, OH 2,1162.1k $88.0k $88.0k 0.05% First filing
65 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 2,0022.0k $83.5k $83.5k 0.00% Not comparable
66 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,8611.9k $77.6k $77.6k 0.00% New
67 Elequin Capital, LP 0.01% of their portfolio NEW YORK, NY 540540 $22.5k $22.5k 0.01% Reduced -3.9k -3,902
68 Global Trust Asset Management, LLC 0.01% of their portfolio PALM BEACH GARDENS, FL 392392 $16.4k $16.4k 0.01% Unchanged
69 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 337337 $14.1k $14.1k 0.00% Unchanged
70 JNBA Financial Advisors 0.00% of their portfolio BLOOMINGTON, MN 295295 $12.3k $12.3k 0.00% Unchanged
71 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 124124 $5.2k $5.2k 0.00% Unchanged
72 CWM, LLC 0.00% of their portfolio OMAHA, NE 5858 $2.0k $2.0k 0.00% New
73 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1414 $584 $584 0.00% Unchanged
74 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $42 $42 0.00% Unchanged
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged