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 ≈ $41.77.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 71 |
| Q4 2022 | 76 |
| Q1 2023 | 73 |
| Q2 2023 | 75 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 35 | 26 |
| Q1 2023 | 22 | 33 |
| Q2 2023 | 24 | 30 |
Biggest buyers
| Saba Capital Management, L.P. | Added | +24.9k |
| Epoch Investment Partners, Inc. | New | +20.4k |
| COHEN & STEERS, INC. | Added | +19.8k |
| Thomas J. Herzfeld Advisors, Inc. | Added | +15.0k |
| AQR Arbitrage LLC | Added | +14.9k |
| Walleye Capital LLC | New | +10.8k |
| Shaker Financial Services, LLC | Added | +10.5k |
| OSAIC HOLDINGS, INC. | Added | +8.1k |
| FIRST MANHATTAN CO. LLC. | Added | +5.1k |
| Schrum Private Wealth Management LLC | New | +5.1k |
Biggest sellers
| Cannell & Co. | Sold out | -47.9k |
| Allspring Global Investments Holdings, LLC | Reduced | -17.8k |
| INTEGRATED CAPITAL MANAGEMENT, INC. | Sold out | -16.7k |
| MORGAN STANLEY | Reduced | -13.3k |
| 1607 Capital Partners, LLC | Reduced | -12.5k |
| Cetera Advisors LLC | Sold out | -10.0k |
| PARK AVENUE SECURITIES LLC | Reduced | -8.9k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -7.8k |
| Atlas Wealth LLC | Reduced | -6.9k |
| Bulldog Investors, LLP | Reduced | -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.
| 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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 2 | $163.6k | 0 | — | — |
| Q3 2022 | 1 | $17.0k | 0 | — | — |
| Q4 2022 | 1 | $99.6k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 2 | $26 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-24 | DAVIDSON SPENCER Director · By Trusts · 5.95% Preferred Stock | Sold | $261 share |
| 2023-05-24 | Siri von Reis 2012 Family Trust Director · 5.95% Preferred Stock | Sold | $261 share |
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
| Manager | Shares | Change |
|---|---|---|
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 1.3m $54.8m | Unchanged |
| 1607 Capital Partners, LLC 2.87% of their portfolio | 959.5k $40.0m | Reduced -12.5k |
| Saba Capital Management, L.P. 0.95% of their portfolio | 693.2k $28.9m | Added +24.9k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.92% of their portfolio | 626.6k $26.1m | Added +3.2k |
| MORGAN STANLEY 0.00% of their portfolio | 601.3k $25.1m | Reduced -13.3k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 529.6k $22.1m | Reduced -17.8k |
| Atlas Wealth LLC 2.90% of their portfolio | 370.9k $15.8m | Reduced -6.9k |
| Bulldog Investors, LLP 4.49% of their portfolio | 324.5k $13.5m | Reduced -6.8k |
| Cornerstone Advisors, LLC 0.62% of their portfolio | 311.3k $13.0m | Reduced -3.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 185.9k $7.8m | Added +4.0k |
| Shaker Financial Services, LLC 2.13% of their portfolio | 116.9k $4.9m | Added +10.5k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 110.7k $4.6m | Added +19.8k |
| Almitas Capital LLC 2.00% of their portfolio | 109.9k $4.7m | Added +100 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 107.7k $4.5m | Added +1.9k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.50% of their portfolio | 103.2k $4.3m | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 1.37% of their portfolio | 82.2k $3.4m | Added +15.0k |
| Overbrook Management Corp 0.81% of their portfolio | 81.7k $3.4m | Reduced -600 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 49.5k $2.1m | Added +4.2k |
| Mraz, Amerine & Associates, Inc. 0.44% of their portfolio | 45.3k $1.9m | Reduced -4.9k |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 42.3k $1.8m | Reduced -3.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 41.3k $1.7m | Reduced -2.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 35.8k $1.5m | Unchanged |
| CSS LLC/IL 0.11% of their portfolio | 34.6k $1.4m | Added +100 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 33.8k $1.4m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 30.9k $1.3m | Reduced -7.8k |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 29.8k $1.2m | Reduced -8.9k |
| NEVILLE RODIE & SHAW INC 0.10% of their portfolio | 28.3k $1.2m | Unchanged |
| Karpus Management, Inc. 0.04% of their portfolio | 27.0k $1.1m | Unchanged |
| Quantedge Capital Pte Ltd 0.49% of their portfolio | 26.3k $1.1m | Reduced -2.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 23.2k $965.9k | Reduced -2.6k |
| AQR Arbitrage LLC 0.04% of their portfolio | 20.9k $873.3k | Added +14.9k |
| Epoch Investment Partners, Inc. 0.00% of their portfolio | 20.4k $852.7k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 17.8k $743.0k | Reduced -3.2k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 17.2k $717.5k | Added +3.7k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.05% of their portfolio | 14.5k $604.7k | Reduced -3.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 14.0k $584.5k | Added +8.1k |
| Uncommon Cents Investing LLC 0.16% of their portfolio | 11.0k $458.2k | Reduced -119 |
| Walleye Capital LLC 0.01% of their portfolio | 10.8k $450.1k | New |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.06% of their portfolio | 9.6k $399.5k | Unchanged |
| REGIONS FINANCIAL CORP 0.00% of their portfolio | 9.2k $382.3k | Unchanged |
| Stratos Wealth Partners, LTD. 0.01% of their portfolio | 8.6k $359.6k | Unchanged |
| Savant Capital, LLC 0.01% of their portfolio | 8.6k $359.4k | Added +124 |
| Apexium Financial, LP 0.03% of their portfolio | 8.5k $356.5k | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 8.4k $349.3k | Added +856 |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 8.3k $345.6k | Added +5.1k |
| Mariner, LLC 0.00% of their portfolio | 8.2k $342.0k | Reduced -11 |
| PINNACLE ASSOCIATES LTD 0.01% of their portfolio | 8.1k $337.8k | Added +222 |
| Veritable, L.P. 0.01% of their portfolio | 8.1k $336.6k | Unchanged |
| JACOBS & CO/CA 0.04% of their portfolio | 7.5k $313.0k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 7.2k $300.4k | Reduced -3.6k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.04% of their portfolio | 7.1k $294.2k | Added +958 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 6.5k $273.0k | Reduced -62 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 6.5k $269.0k | Reduced -256 |
| UBS Group AG 0.00% of their portfolio | 6.0k $250.7k | Reduced -198 |
| RAYMOND JAMES TRUST N.A. 0.01% of their portfolio | 5.7k $236.0k | Unchanged |
| Valeo Financial Advisors, LLC 0.01% of their portfolio | 5.6k $235.6k | Unchanged |
| Stolper Co 0.10% of their portfolio | 5.5k $230.0k | Reduced -124 |
| Spire Wealth Management 0.01% of their portfolio | 5.1k $211.2k | Unchanged |
| Schrum Private Wealth Management LLC 0.23% of their portfolio | 5.1k $211.2k | New |
| Compass Wealth Management LLC 0.06% of their portfolio | 4.8k $202.3k | New |
| BESSEMER GROUP INC 0.00% of their portfolio | 4.5k $189.0k | Reduced -61 |
| HARBOUR INVESTMENTS, INC. 0.01% of their portfolio | 3.1k $129.6k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.2k $90.0k | Unchanged |
| Tyler-Stone Wealth Management 0.05% of their portfolio | 2.1k $88.0k | First filing |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 2.0k $83.5k | Not comparable |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9k $77.6k | New |
| Elequin Capital, LP 0.01% of their portfolio | 540 $22.5k | Reduced -3.9k |
| Global Trust Asset Management, LLC 0.01% of their portfolio | 392 $16.4k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 337 $14.1k | Unchanged |
| JNBA Financial Advisors 0.00% of their portfolio | 295 $12.3k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 124 $5.2k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 58 $2.0k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 14 $584 | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $42 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |