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 ≈ $56.04.
Trends to Q2 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 |
| Q2 2025 | 88 |
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 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 |
| Q2 2025 | 23 | 27 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +200.6k |
| Saba Capital Management, L.P. | Added | +186.1k |
| Allspring Global Investments Holdings, LLC | Added | +33.3k |
| COHEN & STEERS, INC. | Added | +22.7k |
| BANK OF AMERICA CORP /DE/ | Added | +10.6k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Added | +7.3k |
| LPL Financial LLC | Added | +6.4k |
| HighTower Advisors, LLC | Added | +4.8k |
| DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. | New | +4.0k |
| Prospera Financial Services Inc | New | +3.6k |
Biggest sellers
| Pathstone Holdings, LLC | Reduced | -85.2k |
| Shaker Financial Services, LLC | Reduced | -48.8k |
| Cornerstone Advisors, LLC | Reduced | -44.3k |
| Thrivent Financial for Lutherans | Sold out | -28.2k |
| 1607 Capital Partners, LLC | Reduced | -19.3k |
| AQR Arbitrage LLC | Sold out | -15.5k |
| Epoch Investment Partners, Inc. | Reduced | -13.2k |
| Spire Wealth Management | Sold out | -5.1k |
| Quantedge Capital Pte Ltd | Reduced | -3.7k |
| CSS LLC/IL | Reduced | -3.1k |
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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 3 | $104.7k | 2 | $808.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-17 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $8.7k355 shares |
| 2025-05-22 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $24.8k1.0k shares |
| 2025-05-08 | DAVIDSON SPENCER Director · By Trusts · 5.95% Preferred Stock | Sold | $431.9k17.4k shares |
| 2025-05-08 | TRUST FBO ALTSCHUL ARTHUR G UW ALTSCHUL HELEN G Director is a Trustee · Series B 5.95% Preferred Stock | Sold | $431.9k17.4k shares |
| 2025-05-08 | ALTSCHUL ARTHUR G JR Director · Director is a Trustee and Beneficiary · Series B 5.95% Preferred Stock | Sold | $431.9k17.4k shares |
| 2025-05-08 | Priest Jeffrey W President & CEO · 5.95% Preferred Stock | Bought | $28.2k1.1k shares |
| 2025-04-08 | TRUST FBO ALTSCHUL ARTHUR G JR UW ALTSCHUL FRANK Trustee is a director · Series B 5.95% Preferred Stock | Sold | $49.2k2.0k shares |
| 2025-04-08 | ALTSCHUL ARTHUR G JR Director · Trustee/Beneficiary · Series B 5.95% Preferred Stock | Sold | $49.2k2.0k shares |
| 2025-04-01 | DAVIDSON SPENCER Director · By Trusts · 5.95% Preferred Stock | Sold | $278.1k11.2k shares |
| 2025-04-01 | TRUST FBO ALTSCHUL ARTHUR G UW ALTSCHUL HELEN G Trustee is a director · Series B 5.95% Preferred Stock | Sold | $49.7k2.0k shares |
| 2025-04-01 | ALTSCHUL ARTHUR G JR Director · TTEE/Beneficiary · Series B 5.95% Preferred Stock | Sold | $49.7k2.0k shares |
| 2025-04-01 | Priest Jeffrey W President & CEO · 5.95% Preferred Stock | Bought | $42.9k1.7k 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 2025
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 2.75% of their portfolio | 1.8m $101.0m | Added +186.1k |
| LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio | 1.3m $74.8m | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.87% of their portfolio | 733.9k $41.1m | Added +7.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 396.6k $22.2m | Added +200.6k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 367.6k $20.6m | Added +33.3k |
| Bulldog Investors, LLP 4.85% of their portfolio | 342.1k $19.2m | Unchanged |
| 1607 Capital Partners, LLC 1.39% of their portfolio | 305.2k $17.1m | Reduced -19.3k |
| COHEN & STEERS, INC. 0.03% of their portfolio | 265.8k $14.9m | Added +22.7k |
| SIT INVESTMENT ASSOCIATES INC 0.30% of their portfolio | 248.2k $13.9m | Unchanged |
| Pathstone Holdings, LLC 0.04% of their portfolio | 202.7k $11.4m | Reduced -85.2k |
| Shaker Financial Services, LLC 2.23% of their portfolio | 109.8k $6.2m | Reduced -48.8k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.59% of their portfolio | 107.3k $6.0m | Unchanged |
| Cornerstone Advisors, LLC 0.19% of their portfolio | 96.2k $5.4m | Reduced -44.3k |
| MORGAN STANLEY 0.00% of their portfolio | 82.4k $4.6m | Added +2.3k |
| Advisors Asset Management, Inc. 0.08% of their portfolio | 80.7k $4.5m | Added +2.7k |
| Epoch Investment Partners, Inc. 0.01% of their portfolio | 49.2k $2.8m | Reduced -13.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 41.6k $2.3m | Added +10.6k |
| CSS LLC/IL 0.13% of their portfolio | 37.6k $2.1m | Reduced -3.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 36.2k $2.0m | Reduced -487 |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 35.8k $2.0m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 34.4k $1.9m | Added +2.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 33.8k $1.9m | Reduced -323 |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 31.8k $1.8m | Added +3.1k |
| NEVILLE RODIE & SHAW INC 0.11% of their portfolio | 26.8k $1.5m | Reduced -310 |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 26.1k $1.5m | Reduced -230 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 25.7k $1.4m | Added +550 |
| SALEM INVESTMENT COUNSELORS INC 0.04% of their portfolio | 24.0k $1.3m | Unchanged |
| Mraz, Amerine & Associates, Inc. 0.21% of their portfolio | 23.7k $1.3m | Added +1.0k |
| HighTower Advisors, LLC 0.00% of their portfolio | 20.5k $1.1m | Added +4.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 20.4k $1.1m | Reduced -495 |
| LPL Financial LLC 0.00% of their portfolio | 19.8k $1.1m | Added +6.4k |
| Quantedge Capital Pte Ltd 0.91% of their portfolio | 17.8k $998.5k | Reduced -3.7k |
| Overbrook Management Corp 0.17% of their portfolio | 16.4k $918.8k | Reduced -1.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 15.0k $841.9k | Reduced -1.9k |
| Joel Isaacson & Co., LLC 0.03% of their portfolio | 11.3k $635.3k | Reduced -1.0k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.2k $629.0k | Added +591 |
| UBS Group AG 0.00% of their portfolio | 10.6k $595.6k | Added +1.5k |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.04% of their portfolio | 9.6k $536.6k | Unchanged |
| Uncommon Cents Investing LLC 0.14% of their portfolio | 9.3k $521.6k | Unchanged |
| Savant Capital, LLC 0.00% of their portfolio | 9.3k $519.3k | Unchanged |
| Apexium Financial, LP 0.02% of their portfolio | 8.3k $467.7k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 7.9k $440.9k | Added +2.6k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 7.0k $393.0k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 6.8k $382.3k | Reduced -69 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 6.6k $367.2k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 6.3k $351.0k | Reduced -453 |
| Stolper Co 0.11% of their portfolio | 5.8k $327.0k | Reduced -36 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 5.7k $322.2k | Reduced -322 |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 5.5k $307.4k | Reduced -96 |
| Matisse Capital 0.14% of their portfolio | 5.3k $297.0k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 5.2k $292.8k | Reduced -1.3k |
| Schrum Private Wealth Management LLC 0.23% of their portfolio | 5.1k $283.7k | Unchanged |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 5.1k $283.1k | Unchanged |
| Tyler-Stone Wealth Management 0.04% of their portfolio | 4.9k $273.4k | Unchanged |
| Compass Wealth Management LLC 0.06% of their portfolio | 4.8k $271.7k | Unchanged |
| TOMPKINS FINANCIAL CORP 0.02% of their portfolio | 4.6k $257.9k | Unchanged |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.19% of their portfolio | 4.6k $256.1k | Reduced -253 |
| MISSION WEALTH MANAGEMENT, LP 0.01% of their portfolio | 4.2k $235.2k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 4.0k $225.9k | Unchanged |
| Essex Financial Services, Inc. 0.01% of their portfolio | 4.0k $224.7k | Unchanged |
| DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. 0.16% of their portfolio | 4.0k $221.9k | New |
| BESSEMER GROUP INC 0.00% of their portfolio | 3.9k $216.0k | Reduced -501 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.8k $210.5k | Added +1.1k |
| Prospera Financial Services Inc 0.00% of their portfolio | 3.6k $202.8k | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 3.6k $202.5k | New |
| REGIONS FINANCIAL CORP 0.00% of their portfolio | 3.6k $202.3k | New |
| GRIMES & Co WEALTH MANAGEMENT, LLC 0.01% of their portfolio | 3.6k $201.9k | New |
| Robinswood Financial LLC 0.07% of their portfolio | 3.5k $193.7k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 3.4k $192.7k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 3.1k $174.9k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.5k $140.2k | Unchanged |
| Evelyn Partners Investment Management LLP 0.00% of their portfolio | 2.2k $125.8k | Unchanged |
| EASTERN BANK 0.00% of their portfolio | 1.7k $96.6k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 1.3k $74.0k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.1k $61.6k | Unchanged |
| ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio | 1.0k $57.5k | Unchanged |
| BNP PARIBAS 0.00% of their portfolio | 750 $42.0k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 744 $41.7k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 380 $21.3k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 131 $7.3k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 122 $6.8k | First filing |
| Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio | 112 $6.3k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 94 $5.2k | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 17 $933 | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 16 $897 | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 9 $504 | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $56 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |