Vault-13

GENERAL AMERN INVS CO INC GAM

COM · Closed-End Fund · CUSIP 368802104

88 institutional holders +2 vs Q1 2025
7,232,9337.2m shares reported held*
$405.3mreported value*
5 new 18 added 23 reduced 4 sold out net bought ≈ $13.0m (+231.5k 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 ≈ $56.04.

Trends to Q2 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: 86Q2 25: 8888Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 202588

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 35 bought or addedQ3 23: 22 cut or sold outQ4 23: 35 bought or addedQ4 23: 27 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 32 cut or sold outQ2 24: 31 bought or addedQ2 24: 26 cut or sold outQ2 24Q3 24: 34 bought or addedQ3 24: 37 cut or sold outQ4 24: 37 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 29 cut or sold outQ2 25: 23 bought or addedQ2 25: 27 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233522
Q4 20233527
Q1 20242432
Q2 20243126
Q3 20243437
Q4 20243728
Q1 20253229
Q2 20252327

Biggest buyers

ROYAL BANK OF CANADA Added +200,609+200.6k
Saba Capital Management, L.P. Added +186,111+186.1k
Allspring Global Investments Holdings, LLC Added +33,338+33.3k
COHEN & STEERS, INC. Added +22,730+22.7k
BANK OF AMERICA CORP /DE/ Added +10,607+10.6k
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Added +7,277+7.3k
LPL Financial LLC Added +6,360+6.4k
HighTower Advisors, LLC Added +4,833+4.8k
DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. New +3,960+4.0k
Prospera Financial Services Inc New +3,618+3.6k

Biggest sellers

Pathstone Holdings, LLC Reduced -85,225-85.2k
Shaker Financial Services, LLC Reduced -48,832-48.8k
Cornerstone Advisors, LLC Reduced -44,259-44.3k
Thrivent Financial for Lutherans Sold out -28,237-28.2k
1607 Capital Partners, LLC Reduced -19,314-19.3k
AQR Arbitrage LLC Sold out -15,543-15.5k
Epoch Investment Partners, Inc. Reduced -13,221-13.2k
Spire Wealth Management Sold out -5,062-5.1k
Quantedge Capital Pte Ltd Reduced -3,700-3.7k
CSS LLC/IL Reduced -3,100-3.1k

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.

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 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
404Q3 23: 2 buyingQ3 23: 0 sellingQ4 23: 1 buyingQ4 23: 0 sellingQ4 23Q1 24: 2 buyingQ1 24: 0 sellingQ2 24: 3 buyingQ2 24: 1 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 3 buyingQ4 24: 0 sellingQ4 24Q1 25: 3 buyingQ1 25: 0 sellingQ2 25: 3 buyingQ2 25: 2 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
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——
Q2 20253$104.7k2$808.8k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-17 Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock Bought 355 $24.62 $8.7k355 shares +5%
2025-05-22 Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock Bought 1,000 $24.80 $24.8k1.0k shares +9%
2025-05-08 DAVIDSON SPENCER Director · By Trusts · 5.95% Preferred Stock Sold 17,400 $24.82 $431.9k17.4k shares -78%
2025-05-08 TRUST FBO ALTSCHUL ARTHUR G UW ALTSCHUL HELEN G Director is a Trustee · Series B 5.95% Preferred Stock Sold 17,400 $24.82 $431.9k17.4k shares -100%
2025-05-08 ALTSCHUL ARTHUR G JR Director · Director is a Trustee and Beneficiary · Series B 5.95% Preferred Stock Sold 17,400 $24.82 $431.9k17.4k shares -78%
2025-05-08 Priest Jeffrey W President & CEO · 5.95% Preferred Stock Bought 1,141 $24.75 $28.2k1.1k shares +7%
2025-04-08 TRUST FBO ALTSCHUL ARTHUR G JR UW ALTSCHUL FRANK Trustee is a director · Series B 5.95% Preferred Stock Sold 2,000 $24.62 $49.2k2.0k shares -100%
2025-04-08 ALTSCHUL ARTHUR G JR Director · Trustee/Beneficiary · Series B 5.95% Preferred Stock Sold 2,000 $24.62 $49.2k2.0k shares -8%
2025-04-01 DAVIDSON SPENCER Director · By Trusts · 5.95% Preferred Stock Sold 11,199 $24.83 $278.1k11.2k shares -33%
2025-04-01 TRUST FBO ALTSCHUL ARTHUR G UW ALTSCHUL HELEN G Trustee is a director · Series B 5.95% Preferred Stock Sold 2,000 $24.83 $49.7k2.0k shares -100%
2025-04-01 ALTSCHUL ARTHUR G JR Director · TTEE/Beneficiary · Series B 5.95% Preferred Stock Sold 2,000 $24.83 $49.7k2.0k shares -8%
2025-04-01 Priest Jeffrey W President & CEO · 5.95% Preferred Stock Bought 1,735 $24.75 $42.9k1.7k shares +11%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 2.75% of their portfolio NEW YORK, NY 1,802,6451.8m $101.0m $101.0m 2.75% Added +186.1k +186,111
2 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 1,333,8941.3m $74.8m $74.8m 0.10% Unchanged
3 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.87% of their portfolio BLUE BELL, PA 733,863733.9k $41.1m $41.1m 6.87% Added +7.3k +7,277
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 396,572396.6k $22.2m $22.2m 0.00% Added +200.6k +200,609
5 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 367,595367.6k $20.6m $20.6m 0.03% Added +33.3k +33,338
6 Bulldog Investors, LLP 4.85% of their portfolio SADDLE BROOK, NJ 342,110342.1k $19.2m $19.2m 4.85% Unchanged
7 1607 Capital Partners, LLC 1.39% of their portfolio Richmond, VA 305,228305.2k $17.1m $17.1m 1.39% Reduced -19.3k -19,314
8 COHEN & STEERS, INC. 0.03% of their portfolio NEW YORK, NY 265,799265.8k $14.9m $14.9m 0.03% Added +22.7k +22,730
9 SIT INVESTMENT ASSOCIATES INC 0.30% of their portfolio Minneapolis, MN 248,197248.2k $13.9m $13.9m 0.30% Unchanged
10 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 202,669202.7k $11.4m $11.4m 0.04% Reduced -85.2k -85,225
11 Shaker Financial Services, LLC 2.23% of their portfolio Arlington, VA 109,796109.8k $6.2m $6.2m 2.23% Reduced -48.8k -48,832
12 LEVIN CAPITAL STRATEGIES, L.P. 0.59% of their portfolio NEW YORK, NY 107,324107.3k $6.0m $6.0m 0.59% Unchanged
13 Cornerstone Advisors, LLC 0.19% of their portfolio ASHEVILLE, NC 96,15496.2k $5.4m $5.4m 0.19% Reduced -44.3k -44,259
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 82,43482.4k $4.6m $4.6m 0.00% Added +2.3k +2,323
15 Advisors Asset Management, Inc. 0.08% of their portfolio Monument, CO 80,70680.7k $4.5m $4.5m 0.08% Added +2.7k +2,676
16 Epoch Investment Partners, Inc. 0.01% of their portfolio New York, NY 49,19549.2k $2.8m $2.8m 0.01% Reduced -13.2k -13,221
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 41,64841.6k $2.3m $2.3m 0.00% Added +10.6k +10,607
18 CSS LLC/IL 0.13% of their portfolio CHICAGO, IL 37,59637.6k $2.1m $2.1m 0.13% Reduced -3.1k -3,100
19 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 36,21936.2k $2.0m $2.0m 0.00% Reduced -487 -487
20 CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio NEW YORK, NY 35,84135.8k $2.0m $2.0m 0.02% Unchanged
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,38134.4k $1.9m $1.9m 0.00% Added +2.8k +2,810
22 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 33,75733.8k $1.9m $1.9m 0.00% Reduced -323 -323
23 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 31,82331.8k $1.8m $1.8m 0.02% Added +3.1k +3,141
24 NEVILLE RODIE & SHAW INC 0.11% of their portfolio NEW YORK, NY 26,75526.8k $1.5m $1.5m 0.11% Reduced -310 -310
25 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 26,11926.1k $1.5m $1.5m 0.01% Reduced -230 -230
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 25,70625.7k $1.4m $1.4m 0.00% Added +550 +550
27 SALEM INVESTMENT COUNSELORS INC 0.04% of their portfolio WINSTON-SALEM, NC 24,00624.0k $1.3m $1.3m 0.04% Unchanged
28 Mraz, Amerine & Associates, Inc. 0.21% of their portfolio Modesto, CA 23,67923.7k $1.3m $1.3m 0.21% Added +1.0k +1,000
29 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 20,46720.5k $1.1m $1.1m 0.00% Added +4.8k +4,833
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 20,42620.4k $1.1m $1.1m 0.00% Reduced -495 -495
31 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,77319.8k $1.1m $1.1m 0.00% Added +6.4k +6,360
32 Quantedge Capital Pte Ltd 0.91% of their portfolio Singapore, U0 17,81717.8k $998.5k $998.5k 0.91% Reduced -3.7k -3,700
33 Overbrook Management Corp 0.17% of their portfolio NEW YORK, NY 16,39516.4k $918.8k $918.8k 0.17% Reduced -1.9k -1,877
34 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 15,02315.0k $841.9k $841.9k 0.00% Reduced -1.9k -1,950
35 Joel Isaacson & Co., LLC 0.03% of their portfolio NEW YORK, NY 11,33611.3k $635.3k $635.3k 0.03% Reduced -1.0k -1,035
36 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,22011.2k $629.0k $629.0k 0.00% Added +591 +591
37 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,62910.6k $595.6k $595.6k 0.00% Added +1.5k +1,549
38 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.04% of their portfolio Westlake, OH 9,5769.6k $536.6k $536.6k 0.04% Unchanged
39 Uncommon Cents Investing LLC 0.14% of their portfolio JANESVILLE, WI 9,3079.3k $521.6k $521.6k 0.14% Unchanged
40 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 9,2669.3k $519.3k $519.3k 0.00% Unchanged
41 Apexium Financial, LP 0.02% of their portfolio Dallas, TX 8,3458.3k $467.7k $467.7k 0.02% Unchanged
42 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,8687.9k $440.9k $440.9k 0.00% Added +2.6k +2,609
43 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 7,0167.0k $393.0k $393.0k 0.00% Unchanged
44 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,8226.8k $382.3k $382.3k 0.00% Reduced -69 -69
45 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 6,5526.6k $367.2k $367.2k 0.00% Unchanged
46 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 6,2636.3k $351.0k $351.0k 0.01% Reduced -453 -453
47 Stolper Co 0.11% of their portfolio TULSA, OK 5,8435.8k $327.0k $327.0k 0.11% Reduced -36 -36
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 5,6915.7k $322.2k $322.2k 0.00% Reduced -322 -322
49 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 5,4855.5k $307.4k $307.4k 0.00% Reduced -96 -96
50 Matisse Capital 0.14% of their portfolio PORTLAND, OR 5,3005.3k $297.0k $297.0k 0.14% Unchanged
51 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 5,2245.2k $292.8k $292.8k 0.00% Reduced -1.3k -1,325
52 Schrum Private Wealth Management LLC 0.23% of their portfolio ST. AUGUSTINE, FL 5,0625.1k $283.7k $283.7k 0.23% Unchanged
53 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 5,0515.1k $283.1k $283.1k 0.00% Unchanged
54 Tyler-Stone Wealth Management 0.04% of their portfolio Beachwood, OH 4,8784.9k $273.4k $273.4k 0.04% Unchanged
55 Compass Wealth Management LLC 0.06% of their portfolio GUILFORD, CT 4,8484.8k $271.7k $271.7k 0.06% Unchanged
56 TOMPKINS FINANCIAL CORP 0.02% of their portfolio ITHACA, NY 4,6024.6k $257.9k $257.9k 0.02% Unchanged
57 INTEGRATED CAPITAL MANAGEMENT, INC. 0.19% of their portfolio JESSUP, PA 4,5704.6k $256.1k $256.1k 0.19% Reduced -253 -253
58 MISSION WEALTH MANAGEMENT, LP 0.01% of their portfolio Santa Barbara, CA 4,1974.2k $235.2k $235.2k 0.01% Unchanged
59 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 4,0314.0k $225.9k $225.9k 0.00% Unchanged
60 Essex Financial Services, Inc. 0.01% of their portfolio ESSEX, CT 4,0104.0k $224.7k $224.7k 0.01% Unchanged
61 DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. 0.16% of their portfolio Singapore, U0 3,9604.0k $221.9k $221.9k 0.16% New
62 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 3,8623.9k $216.0k $216.0k 0.00% Reduced -501 -501
63 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,7553.8k $210.5k $210.5k 0.00% Added +1.1k +1,103
64 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 3,6183.6k $202.8k $202.8k 0.00% New
65 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,6143.6k $202.5k $202.5k 0.00% New
66 REGIONS FINANCIAL CORP 0.00% of their portfolio BIRMINGHAM, AL 3,6103.6k $202.3k $202.3k 0.00% New
67 GRIMES & Co WEALTH MANAGEMENT, LLC 0.01% of their portfolio WESTBOROUGH, MA 3,6023.6k $201.9k $201.9k 0.01% New
68 Robinswood Financial LLC 0.07% of their portfolio KIRKLAND, WA 3,4563.5k $193.7k $193.7k 0.07% Unchanged
69 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 3,4393.4k $192.7k $192.7k 0.00% Unchanged
70 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,1213.1k $174.9k $174.9k 0.00% Unchanged
71 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,5022.5k $140.2k $140.2k 0.00% Unchanged
72 Evelyn Partners Investment Management LLP 0.00% of their portfolio London, X0 2,2452.2k $125.8k $125.8k 0.00% Unchanged
73 EASTERN BANK 0.00% of their portfolio BOSTON, MA 1,7231.7k $96.6k $96.6k 0.00% Unchanged
74 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,3211.3k $74.0k $74.0k 0.00% Unchanged
75 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,1001.1k $61.6k $61.6k 0.00% Unchanged
76 ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio NEEDHAM, MA 1,0261.0k $57.5k $57.5k 0.00% Unchanged
77 BNP PARIBAS 0.00% of their portfolio NEW YORK, NY 750750 $42.0k $42.0k 0.00% Unchanged
78 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 744744 $41.7k $41.7k 0.00% Unchanged
79 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 380380 $21.3k $21.3k 0.00% Unchanged
80 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 131131 $7.3k $7.3k 0.00% Unchanged
81 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 122122 $6.8k $6.8k 0.00% First filing
82 Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio MIAMI BEACH, FL 112112 $6.3k $6.3k 0.00% Unchanged
83 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 9494 $5.2k $5.2k 0.00% Unchanged
84 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1717 $933 $933 0.00% Unchanged
85 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1616 $897 $897 0.00% Unchanged
86 COMERICA BANK 0.00% of their portfolio DALLAS, TX 99 $504 $504 0.00% Unchanged
87 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $56 $56 0.00% Unchanged
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged