Vault-13

GENERAL AMERN INVS CO INC GAM

COM · Closed-End Fund · CUSIP 368802104

86 institutional holders -6 vs Q4 2024
7,001,3047.0m shares reported held*
$353.0mreported value*
5 new 27 added 21 reduced 8 sold out net bought ≈ $4.0m (+79.6k 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 ≈ $50.42.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 71Q4 22: 76Q1 23: 73Q2 23: 75Q3 23: 78Q4 23: 83Q1 24: 83Q2 24: 88Q3 24: 92Q4 24: 92Q1 25: 8686Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202271
Q4 202276
Q1 202373
Q2 202375
Q3 202378
Q4 202383
Q1 202483
Q2 202488
Q3 202492
Q4 202492
Q1 202586

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 24 bought or addedQ2 23: 30 cut or sold outQ3 23: 35 bought or addedQ3 23: 22 cut or sold outQ3 23Q4 23: 35 bought or addedQ4 23: 27 cut or sold outQ1 24: 24 bought or addedQ1 24: 32 cut or sold outQ1 24Q2 24: 31 bought or addedQ2 24: 26 cut or sold outQ3 24: 34 bought or addedQ3 24: 37 cut or sold outQ3 24Q4 24: 37 bought or addedQ4 24: 28 cut or sold outQ1 25: 32 bought or addedQ1 25: 29 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20232430
Q3 20233522
Q4 20233527
Q1 20242432
Q2 20243126
Q3 20243437
Q4 20243728
Q1 20253229

Biggest buyers

Shaker Financial Services, LLC New +158,628+158.6k
Saba Capital Management, L.P. Added +152,234+152.2k
ROYAL BANK OF CANADA Added +54,223+54.2k
COHEN & STEERS, INC. Added +21,000+21.0k
Bulldog Investors, LLP Added +17,569+17.6k
Joel Isaacson & Co., LLC New +12,371+12.4k
Advisors Asset Management, Inc. Added +11,427+11.4k
RAYMOND JAMES FINANCIAL INC Added +9,528+9.5k
SIT INVESTMENT ASSOCIATES INC Added +9,147+9.1k
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Added +8,453+8.5k

Biggest sellers

1607 Capital Partners, LLC Reduced -94,764-94.8k
Cornerstone Advisors, LLC Reduced -62,112-62.1k
Sanctuary Advisors, LLC Sold out -41,134-41.1k
Allspring Global Investments Holdings, LLC Reduced -34,155-34.2k
Concurrent Investment Advisors, LLC Sold out -30,668-30.7k
MORGAN STANLEY Reduced -30,503-30.5k
Cannell & Spears LLC Sold out -26,816-26.8k
Pathstone Holdings, LLC Reduced -25,620-25.6k
AQR Arbitrage LLC Reduced -22,125-22.1k
BANK OF AMERICA CORP /DE/ Reduced -7,175-7.2k

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.

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 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)

BuyingSelling
404Q2 23: 0 buyingQ2 23: 2 sellingQ3 23: 2 buyingQ3 23: 0 sellingQ3 23Q4 23: 1 buyingQ4 23: 0 sellingQ1 24: 2 buyingQ1 24: 0 sellingQ1 24Q2 24: 3 buyingQ2 24: 1 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 3 buyingQ4 24: 0 sellingQ1 25: 3 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—2$26—
Q3 20232$187.0k0——
Q4 20231$13.0k0——
Q1 20242$79.2k0——
Q2 20243$285.1k1$565.9k—
Q3 20240—0——
Q4 20243$198.3k0——
Q1 20253$250.4k0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-03-10 Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock Bought 950 $24.68 $23.4k950 shares +15%
2025-03-07 Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock Bought 5,000 $24.70 $123.5k5.0k shares +34%
2025-03-07 Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock Bought 900 $24.69 $22.2k900 shares +17%
2025-03-07 Grassi Craig Anthony Vice-President · By Spouse · 5.95% Preferred Stock Bought 100 $24.70 $2.5k100 shares +10%
2025-03-06 Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock Bought 2,500 $25.00 $62.5k2.5k shares +21%
2025-03-06 Grassi Craig Anthony Vice-President · By Spouse · 5.95% Preferred Stock Bought 650 $25.00 $16.2k650 shares +186%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 2.23% of their portfolio NEW YORK, NY 1,616,5341.6m $81.4m $81.4m 2.23% Added +152.2k +152,234
2 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 1,333,8941.3m $67.2m $67.2m 0.10% Unchanged
3 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.93% of their portfolio BLUE BELL, PA 726,586726.6k $36.6m $36.6m 6.93% Added +8.5k +8,453
4 Bulldog Investors, LLP 4.66% of their portfolio SADDLE BROOK, NJ 342,110342.1k $17.2m $17.2m 4.66% Added +17.6k +17,569
5 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 334,257334.3k $16.8m $16.8m 0.03% Reduced -34.2k -34,155
6 1607 Capital Partners, LLC 1.32% of their portfolio Richmond, VA 324,542324.5k $16.3m $16.3m 1.32% Reduced -94.8k -94,764
7 Pathstone Holdings, LLC 0.06% of their portfolio ENGLEWOOD, NJ 287,894287.9k $14.7m $14.7m 0.06% Reduced -25.6k -25,620
8 SIT INVESTMENT ASSOCIATES INC 0.29% of their portfolio Minneapolis, MN 248,197248.2k $12.5m $12.5m 0.29% Added +9.1k +9,147
9 COHEN & STEERS, INC. 0.02% of their portfolio NEW YORK, NY 243,069243.1k $12.2m $12.2m 0.02% Added +21.0k +21,000
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 195,963196.0k $9.9m $9.9m 0.00% Added +54.2k +54,223
11 Shaker Financial Services, LLC 3.11% of their portfolio Arlington, VA 158,628158.6k $8.0m $8.0m 3.11% New
12 Cornerstone Advisors, LLC 0.30% of their portfolio ASHEVILLE, NC 140,413140.4k $7.1m $7.1m 0.30% Reduced -62.1k -62,112
13 LEVIN CAPITAL STRATEGIES, L.P. 0.57% of their portfolio NEW YORK, NY 107,324107.3k $5.4m $5.4m 0.57% Added +2.5k +2,467
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 80,11180.1k $4.0m $4.0m 0.00% Reduced -30.5k -30,503
15 Advisors Asset Management, Inc. 0.07% of their portfolio Monument, CO 78,03078.0k $3.9m $3.9m 0.07% Added +11.4k +11,427
16 Epoch Investment Partners, Inc. 0.02% of their portfolio New York, NY 62,41662.4k $3.1m $3.1m 0.02% Reduced -2.8k -2,800
17 CSS LLC/IL 0.14% of their portfolio CHICAGO, IL 40,69640.7k $2.0m $2.0m 0.14% Added +1.7k +1,655
18 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 36,70636.7k $1.8m $1.8m 0.00% Added +476 +476
19 CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio NEW YORK, NY 35,84135.8k $1.8m $1.8m 0.02% Unchanged
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 34,08034.1k $1.7m $1.7m 0.00% Unchanged
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 31,57131.6k $1.6m $1.6m 0.00% Reduced -327 -327
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 31,04131.0k $1.6m $1.6m 0.00% Reduced -7.2k -7,175
23 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 28,68228.7k $1.4m $1.4m 0.02% Reduced -1.0k -1,042
24 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 28,23728.2k $1.6m $1.6m 0.00% Unchanged
25 NEVILLE RODIE & SHAW INC 0.11% of their portfolio NEW YORK, NY 27,06527.1k $1.4m $1.4m 0.11% Unchanged
26 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 26,34926.3k $1.3m $1.3m 0.01% Reduced -1.4k -1,400
27 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 25,15625.2k $1.3m $1.3m 0.00% Added +9.5k +9,528
28 SALEM INVESTMENT COUNSELORS INC 0.04% of their portfolio WINSTON-SALEM, NC 24,00624.0k $1.2m $1.2m 0.04% Unchanged
29 Mraz, Amerine & Associates, Inc. 0.20% of their portfolio Modesto, CA 22,67922.7k $1.1m $1.1m 0.20% Added +29 +29
30 Quantedge Capital Pte Ltd 0.34% of their portfolio Singapore, U0 21,51721.5k $1.1m $1.1m 0.34% Added +400 +400
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 20,92120.9k $1.1m $1.1m 0.00% Reduced -2.7k -2,730
32 Overbrook Management Corp 0.22% of their portfolio NEW YORK, NY 18,27218.3k $920.4k $920.4k 0.22% Reduced -2.5k -2,511
33 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 16,97317.0k $854.9k $854.9k 0.00% Reduced -38 -38
34 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 15,63415.6k $787.5k $787.5k 0.00% Reduced -3.8k -3,809
35 AQR Arbitrage LLC 0.02% of their portfolio Greenwich, CT 15,54315.5k $782.9k $782.9k 0.02% Reduced -22.1k -22,125
36 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,41313.4k $675.6k $675.6k 0.00% Added +3.9k +3,865
37 Joel Isaacson & Co., LLC 0.03% of their portfolio NEW YORK, NY 12,37112.4k $623.1k $623.1k 0.03% New
38 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,62910.6k $535.0k $535.0k 0.00% Added +301 +301
39 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.04% of their portfolio Westlake, OH 9,5769.6k $485.2k $485.2k 0.04% Unchanged
40 Uncommon Cents Investing LLC 0.14% of their portfolio JANESVILLE, WI 9,3079.3k $468.8k $468.8k 0.14% Reduced -1.0k -1,000
41 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 9,2669.3k $466.7k $466.7k 0.00% Added +45 +45
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 9,0809.1k $457.4k $457.4k 0.00% Added +595 +595
43 Apexium Financial, LP 0.03% of their portfolio Dallas, TX 8,3458.3k $420.3k $420.3k 0.03% Unchanged
44 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 7,0167.0k $353.0k $353.0k 0.00% Added +44 +44
45 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,8916.9k $347.1k $347.1k 0.00% Added +1.1k +1,146
46 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 6,7166.7k $338.3k $338.3k 0.01% New
47 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 6,5526.6k $330.0k $330.0k 0.00% Reduced -900 -900
48 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 6,5496.5k $329.9k $329.9k 0.00% Added +6 +6
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,0136.0k $302.9k $302.9k 0.00% New
50 Stolper Co 0.10% of their portfolio TULSA, OK 5,8795.9k $296.0k $296.0k 0.10% Unchanged
51 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 5,5815.6k $281.1k $281.1k 0.00% Unchanged
52 Matisse Capital 0.14% of their portfolio PORTLAND, OR 5,3005.3k $267.0k $267.0k 0.14% Unchanged
53 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,2595.3k $264.9k $264.9k 0.00% Reduced -86 -86
54 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 5,0625.1k $255.0k $255.0k 0.01% Unchanged
55 Schrum Private Wealth Management LLC 0.22% of their portfolio ST. AUGUSTINE, FL 5,0625.1k $255.0k $255.0k 0.22% Unchanged
56 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 5,0515.1k $254.5k $254.5k 0.00% Added +16 +16
57 Tyler-Stone Wealth Management 0.04% of their portfolio Beachwood, OH 4,8784.9k $245.7k $245.7k 0.04% Unchanged
58 Compass Wealth Management LLC 0.06% of their portfolio GUILFORD, CT 4,8484.8k $244.2k $244.2k 0.06% Unchanged
59 INTEGRATED CAPITAL MANAGEMENT, INC. 0.19% of their portfolio JESSUP, PA 4,8234.8k $242.9k $242.9k 0.19% Reduced -373 -373
60 TOMPKINS FINANCIAL CORP 0.02% of their portfolio ITHACA, NY 4,6024.6k $231.8k $231.8k 0.02% New
61 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 4,3634.4k $220.0k $220.0k 0.00% Reduced -552 -552
62 MISSION WEALTH MANAGEMENT, LP 0.01% of their portfolio Santa Barbara, CA 4,1974.2k $211.4k $211.4k 0.01% Unchanged
63 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 4,0314.0k $203.0k $203.0k 0.00% Unchanged
64 Essex Financial Services, Inc. 0.01% of their portfolio ESSEX, CT 4,0104.0k $202.0k $202.0k 0.01% Unchanged
65 Robinswood Financial LLC 0.06% of their portfolio KIRKLAND, WA 3,4563.5k $174.1k $174.1k 0.06% Unchanged
66 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 3,4393.4k $155.8k $155.8k 0.00% Unchanged
67 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,1213.1k $157.2k $157.2k 0.00% Added +15 +15
68 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,6522.7k $133.6k $133.6k 0.00% Added +235 +235
69 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,5022.5k $126.0k $126.0k 0.00% Added +12 +12
70 Evelyn Partners Investment Management LLP 0.00% of their portfolio London, X0 2,2452.2k $113.1k $113.1k 0.00% Unchanged
71 EASTERN BANK 0.00% of their portfolio BOSTON, MA 1,7231.7k $86.8k $86.8k 0.00% Unchanged
72 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,3211.3k $67.0k $67.0k 0.00% Added +720 +720
73 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,1001.1k $55.7k $55.7k 0.00% Unchanged
74 ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio NEEDHAM, MA 1,0261.0k $52.3k $52.3k 0.00% Unchanged
75 Peoples Bank/KS 0.03% of their portfolio PRATT, KS 859859 $43.3k $43.3k 0.03% Unchanged
76 BNP PARIBAS 0.00% of their portfolio NEW YORK, NY 750750 $37.8k $37.8k 0.00% Unchanged
77 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 744744 $37.5k $37.5k 0.00% Unchanged
78 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 380380 $19.1k $19.1k 0.00% Unchanged
79 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 131131 $6.6k $6.6k 0.00% Unchanged
80 Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio MIAMI BEACH, FL 112112 $5.6k $5.6k 0.00% Added +1 +1
81 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 9494 $4.7k $4.7k 0.00% Added +37 +37
82 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1717 $839 $839 0.00% Unchanged
83 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1616 $806 $806 0.00% Unchanged
84 COMERICA BANK 0.00% of their portfolio DALLAS, TX 99 $453 $453 0.00% Reduced -1 -1
85 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $50 $50 0.00% Unchanged
86 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged