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 ≈ $50.42.
Trends to Q1 2025
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 24 | 30 |
| Q3 2023 | 35 | 22 |
| Q4 2023 | 35 | 27 |
| Q1 2024 | 24 | 32 |
| Q2 2024 | 31 | 26 |
| Q3 2024 | 34 | 37 |
| Q4 2024 | 37 | 28 |
| Q1 2025 | 32 | 29 |
Biggest buyers
| Shaker Financial Services, LLC | New | +158.6k |
| Saba Capital Management, L.P. | Added | +152.2k |
| ROYAL BANK OF CANADA | Added | +54.2k |
| COHEN & STEERS, INC. | Added | +21.0k |
| Bulldog Investors, LLP | Added | +17.6k |
| Joel Isaacson & Co., LLC | New | +12.4k |
| Advisors Asset Management, Inc. | Added | +11.4k |
| RAYMOND JAMES FINANCIAL INC | Added | +9.5k |
| SIT INVESTMENT ASSOCIATES INC | Added | +9.1k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Added | +8.5k |
Biggest sellers
| 1607 Capital Partners, LLC | Reduced | -94.8k |
| Cornerstone Advisors, LLC | Reduced | -62.1k |
| Sanctuary Advisors, LLC | Sold out | -41.1k |
| Allspring Global Investments Holdings, LLC | Reduced | -34.2k |
| Concurrent Investment Advisors, LLC | Sold out | -30.7k |
| MORGAN STANLEY | Reduced | -30.5k |
| Cannell & Spears LLC | Sold out | -26.8k |
| Pathstone Holdings, LLC | Reduced | -25.6k |
| AQR Arbitrage LLC | Reduced | -22.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -7.2k |
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 Q1 2025
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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 2 | $26 | — |
| Q3 2023 | 2 | $187.0k | 0 | — | — |
| Q4 2023 | 1 | $13.0k | 0 | — | — |
| Q1 2024 | 2 | $79.2k | 0 | — | — |
| Q2 2024 | 3 | $285.1k | 1 | $565.9k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 3 | $198.3k | 0 | — | — |
| Q1 2025 | 3 | $250.4k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-10 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $23.4k950 shares |
| 2025-03-07 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $123.5k5.0k shares |
| 2025-03-07 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $22.2k900 shares |
| 2025-03-07 | Grassi Craig Anthony Vice-President · By Spouse · 5.95% Preferred Stock | Bought | $2.5k100 shares |
| 2025-03-06 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $62.5k2.5k shares |
| 2025-03-06 | Grassi Craig Anthony Vice-President · By Spouse · 5.95% Preferred Stock | Bought | $16.2k650 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 2.23% of their portfolio | 1.6m $81.4m | Added +152.2k |
| LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio | 1.3m $67.2m | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.93% of their portfolio | 726.6k $36.6m | Added +8.5k |
| Bulldog Investors, LLP 4.66% of their portfolio | 342.1k $17.2m | Added +17.6k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 334.3k $16.8m | Reduced -34.2k |
| 1607 Capital Partners, LLC 1.32% of their portfolio | 324.5k $16.3m | Reduced -94.8k |
| Pathstone Holdings, LLC 0.06% of their portfolio | 287.9k $14.7m | Reduced -25.6k |
| SIT INVESTMENT ASSOCIATES INC 0.29% of their portfolio | 248.2k $12.5m | Added +9.1k |
| COHEN & STEERS, INC. 0.02% of their portfolio | 243.1k $12.2m | Added +21.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 196.0k $9.9m | Added +54.2k |
| Shaker Financial Services, LLC 3.11% of their portfolio | 158.6k $8.0m | New |
| Cornerstone Advisors, LLC 0.30% of their portfolio | 140.4k $7.1m | Reduced -62.1k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.57% of their portfolio | 107.3k $5.4m | Added +2.5k |
| MORGAN STANLEY 0.00% of their portfolio | 80.1k $4.0m | Reduced -30.5k |
| Advisors Asset Management, Inc. 0.07% of their portfolio | 78.0k $3.9m | Added +11.4k |
| Epoch Investment Partners, Inc. 0.02% of their portfolio | 62.4k $3.1m | Reduced -2.8k |
| CSS LLC/IL 0.14% of their portfolio | 40.7k $2.0m | Added +1.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 36.7k $1.8m | Added +476 |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 35.8k $1.8m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 34.1k $1.7m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 31.6k $1.6m | Reduced -327 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 31.0k $1.6m | Reduced -7.2k |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 28.7k $1.4m | Reduced -1.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 28.2k $1.6m | Unchanged |
| NEVILLE RODIE & SHAW INC 0.11% of their portfolio | 27.1k $1.4m | Unchanged |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 26.3k $1.3m | Reduced -1.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 25.2k $1.3m | Added +9.5k |
| SALEM INVESTMENT COUNSELORS INC 0.04% of their portfolio | 24.0k $1.2m | Unchanged |
| Mraz, Amerine & Associates, Inc. 0.20% of their portfolio | 22.7k $1.1m | Added +29 |
| Quantedge Capital Pte Ltd 0.34% of their portfolio | 21.5k $1.1m | Added +400 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 20.9k $1.1m | Reduced -2.7k |
| Overbrook Management Corp 0.22% of their portfolio | 18.3k $920.4k | Reduced -2.5k |
| Cetera Investment Advisers 0.00% of their portfolio | 17.0k $854.9k | Reduced -38 |
| HighTower Advisors, LLC 0.00% of their portfolio | 15.6k $787.5k | Reduced -3.8k |
| AQR Arbitrage LLC 0.02% of their portfolio | 15.5k $782.9k | Reduced -22.1k |
| LPL Financial LLC 0.00% of their portfolio | 13.4k $675.6k | Added +3.9k |
| Joel Isaacson & Co., LLC 0.03% of their portfolio | 12.4k $623.1k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 10.6k $535.0k | Added +301 |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.04% of their portfolio | 9.6k $485.2k | Unchanged |
| Uncommon Cents Investing LLC 0.14% of their portfolio | 9.3k $468.8k | Reduced -1.0k |
| Savant Capital, LLC 0.00% of their portfolio | 9.3k $466.7k | Added +45 |
| UBS Group AG 0.00% of their portfolio | 9.1k $457.4k | Added +595 |
| Apexium Financial, LP 0.03% of their portfolio | 8.3k $420.3k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 7.0k $353.0k | Added +44 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 6.9k $347.1k | Added +1.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 6.7k $338.3k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 6.6k $330.0k | Reduced -900 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 6.5k $329.9k | Added +6 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 6.0k $302.9k | New |
| Stolper Co 0.10% of their portfolio | 5.9k $296.0k | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 5.6k $281.1k | Unchanged |
| Matisse Capital 0.14% of their portfolio | 5.3k $267.0k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 5.3k $264.9k | Reduced -86 |
| Spire Wealth Management 0.01% of their portfolio | 5.1k $255.0k | Unchanged |
| Schrum Private Wealth Management LLC 0.22% of their portfolio | 5.1k $255.0k | Unchanged |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 5.1k $254.5k | Added +16 |
| Tyler-Stone Wealth Management 0.04% of their portfolio | 4.9k $245.7k | Unchanged |
| Compass Wealth Management LLC 0.06% of their portfolio | 4.8k $244.2k | Unchanged |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.19% of their portfolio | 4.8k $242.9k | Reduced -373 |
| TOMPKINS FINANCIAL CORP 0.02% of their portfolio | 4.6k $231.8k | New |
| BESSEMER GROUP INC 0.00% of their portfolio | 4.4k $220.0k | Reduced -552 |
| MISSION WEALTH MANAGEMENT, LP 0.01% of their portfolio | 4.2k $211.4k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 4.0k $203.0k | Unchanged |
| Essex Financial Services, Inc. 0.01% of their portfolio | 4.0k $202.0k | Unchanged |
| Robinswood Financial LLC 0.06% of their portfolio | 3.5k $174.1k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 3.4k $155.8k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 3.1k $157.2k | Added +15 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.7k $133.6k | Added +235 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.5k $126.0k | Added +12 |
| Evelyn Partners Investment Management LLP 0.00% of their portfolio | 2.2k $113.1k | Unchanged |
| EASTERN BANK 0.00% of their portfolio | 1.7k $86.8k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 1.3k $67.0k | Added +720 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.1k $55.7k | Unchanged |
| ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio | 1.0k $52.3k | Unchanged |
| Peoples Bank/KS 0.03% of their portfolio | 859 $43.3k | Unchanged |
| BNP PARIBAS 0.00% of their portfolio | 750 $37.8k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 744 $37.5k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 380 $19.1k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 131 $6.6k | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio | 112 $5.6k | Added +1 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 94 $4.7k | Added +37 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 17 $839 | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 16 $806 | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 9 $453 | Reduced -1 |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $50 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |