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 ≈ $58.38.
Trends to Q1 2026
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 |
| Q3 2025 | 95 |
| Q4 2025 | 94 |
| Q1 2026 | 95 |
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 2024 | 31 | 26 |
| Q3 2024 | 34 | 37 |
| Q4 2024 | 37 | 28 |
| Q1 2025 | 32 | 29 |
| Q2 2025 | 23 | 27 |
| Q3 2025 | 26 | 27 |
| Q4 2025 | 54 | 30 |
| Q1 2026 | 31 | 32 |
Biggest buyers
| LAZARD ASSET MANAGEMENT LLC | Added | +183.1k |
| Penserra Capital Management LLC | New | +105.9k |
| Allspring Global Investments Holdings, LLC | Added | +37.3k |
| Stolper Co | Added | +35.8k |
| Thomas J. Herzfeld Advisors, Inc. | Added | +32.5k |
| Altium Capital Management LLC | Added | +27.9k |
| SIT INVESTMENT ASSOCIATES INC | Added | +16.0k |
| Samalin Investment Counsel, LLC | New | +13.5k |
| Corient Private Wealth LP | New | +10.9k |
| Advisors Asset Management, Inc. | Added | +10.8k |
Biggest sellers
| Saba Capital Management, L.P. | Reduced | -246.3k |
| Shaker Financial Services, LLC | Reduced | -22.5k |
| Pathstone Holdings, LLC | Reduced | -12.4k |
| COHEN & STEERS, INC. | Reduced | -10.0k |
| ROYAL BANK OF CANADA | Reduced | -7.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Sold out | -6.0k |
| HighTower Advisors, LLC | Reduced | -4.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -4.4k |
| MERCER GLOBAL ADVISORS INC /ADV | Sold out | -4.1k |
| BCS Wealth Management | Reduced | -3.9k |
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 2026
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 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 | — |
| Q3 2025 | 1 | $10.1k | 0 | — | — |
| Q4 2025 | 2 | $608.5k | 0 | — | — |
| Q1 2026 | 3 | $287.3k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-30 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $15.9k638 shares |
| 2026-03-30 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $15.9k638 shares |
| 2026-03-27 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $5.0k200 shares |
| 2026-03-27 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $5.0k200 shares |
| 2026-03-20 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $27411 shares |
| 2026-03-13 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $74.8k3.0k shares |
| 2026-03-12 | Priest Jeffrey W President & CEO · 5.95% Preferred Stock | Bought | $19.9k800 shares |
| 2026-02-04 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $27.4k1.1k shares |
| 2026-02-03 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $42.5k1.7k shares |
| 2026-01-13 | Stark Eugene S VP Administration/CCO/PFO · 5.95% Preferred Stock | Bought | $99.9k4.0k shares |
| 2026-01-13 | Majmudar Anang K. Senior Vice-President · 5.95% Preferred Stock | Bought | $1.6k64 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 2026
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 3.45% of their portfolio | 1.8m $107.6m | Reduced -246.3k |
| LAZARD ASSET MANAGEMENT LLC 0.15% of their portfolio | 1.6m $92.4m | Added +183.1k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 6.87% of their portfolio | 817.5k $47.8m | Added +6.9k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 430.9k $25.2m | Added +37.3k |
| Bulldog Investors, LLP 3.90% of their portfolio | 296.4k $17.3m | Reduced -510 |
| NEVILLE RODIE & SHAW INC 1.25% of their portfolio | 294.0k $17.2m | Reduced -189 |
| 1607 Capital Partners, LLC 1.16% of their portfolio | 276.3k $16.2m | Reduced -1.2k |
| COHEN & STEERS, INC. 0.03% of their portfolio | 260.0k $15.2m | Reduced -10.0k |
| SIT INVESTMENT ASSOCIATES INC 0.30% of their portfolio | 248.7k $14.5m | Added +16.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 196.4k $11.5m | Reduced -7.9k |
| Pathstone Holdings, LLC 0.04% of their portfolio | 161.7k $9.5m | Reduced -12.4k |
| Advisors Asset Management, Inc. 0.13% of their portfolio | 129.9k $7.6m | Added +10.8k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.48% of their portfolio | 107.3k $6.3m | Unchanged |
| Penserra Capital Management LLC 0.07% of their portfolio | 105.9k $6.2m | New |
| MORGAN STANLEY 0.00% of their portfolio | 96.9k $5.7m | Reduced -791 |
| Altium Capital Management LLC 6.78% of their portfolio | 48.8k $2.9m | Added +27.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 42.9k $2.5m | Added +3.9k |
| Stolper Co 0.32% of their portfolio | 42.2k $1.1m | Added +35.8k |
| EVOLVE PRIVATE WEALTH, LLC 0.13% of their portfolio | 40.3k $2.4m | Reduced -59 |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 35.8k $2.1m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 35.4k $2.1m | Added +556 |
| Thomas J. Herzfeld Advisors, Inc. 0.65% of their portfolio | 32.7k $1.9m | Added +32.5k |
| CSS LLC/IL 0.10% of their portfolio | 31.0k $1.8m | Reduced -2.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 30.6k $1.8m | Reduced -903 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 29.6k $1.7m | Reduced -3.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 26.9k $1.6m | Added +237 |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 22.7k $1.3m | Reduced -1.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 20.6k $1.2m | Reduced -48 |
| HighTower Advisors, LLC 0.00% of their portfolio | 20.6k $1.2m | Reduced -4.6k |
| Mraz, Amerine & Associates, Inc. 0.18% of their portfolio | 20.4k $1.2m | Reduced -1.7k |
| WALLER FINANCIAL PLANNING GROUP, INC 0.25% of their portfolio | 19.6k $1.1m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 18.3k $1.1m | Reduced -3.4k |
| Mariner, LLC 0.00% of their portfolio | 17.8k $1.0m | Added +2.5k |
| Cetera Investment Advisers 0.00% of their portfolio | 16.5k $965.2k | Reduced -330 |
| Overbrook Management Corp 0.18% of their portfolio | 16.4k $958.6k | Unchanged |
| Samalin Investment Counsel, LLC 0.28% of their portfolio | 13.5k $789.1k | New |
| UBS Group AG 0.00% of their portfolio | 13.2k $772.4k | Added +3.6k |
| Advocate Investing Services LLC 0.61% of their portfolio | 12.3k $717.4k | Unchanged |
| Joel Isaacson & Co., LLC 0.02% of their portfolio | 11.9k $696.4k | Added +574 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.5k $674.0k | Reduced -616 |
| Corient Private Wealth LP 0.00% of their portfolio | 10.9k $639.0k | New |
| Savant Capital, LLC 0.00% of their portfolio | 10.3k $600.8k | Unchanged |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 10.2k $596.2k | Unchanged |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.03% of their portfolio | 9.6k $559.9k | Unchanged |
| Uncommon Cents Investing LLC 0.13% of their portfolio | 9.5k $555.9k | Added +200 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 8.8k $515.4k | Reduced -1.8k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio | 8.3k $552.3k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 7.5k $441.0k | Added +157 |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 7.3k $426.1k | New |
| Cornerstone Planning, LLC 0.09% of their portfolio | 7.1k $417.2k | Unchanged |
| NIXON PEABODY TRUST CO 0.03% of their portfolio | 7.0k $412.0k | Added +692 |
| Shaker Financial Services, LLC 0.14% of their portfolio | 6.7k $391.0k | Reduced -22.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 6.4k $375.8k | Reduced -532 |
| Focus Partners Wealth 0.00% of their portfolio | 6.4k $375.8k | Reduced -113 |
| SAGESPRING WEALTH PARTNERS, LLC 0.01% of their portfolio | 6.4k $374.6k | Unchanged |
| PARK AVENUE SECURITIES LLC 0.00% of their portfolio | 6.3k $366.0k | Reduced -644 |
| XTX Topco Ltd 0.01% of their portfolio | 5.8k $341.8k | Added +1.3k |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 5.6k $325.4k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 5.2k $305.5k | Unchanged |
| TOMPKINS FINANCIAL CORP 0.02% of their portfolio | 5.1k $298.4k | Unchanged |
| Capital Analysts, LLC 0.01% of their portfolio | 5.1k $298.0k | Unchanged |
| Schrum Private Wealth Management LLC 0.23% of their portfolio | 5.1k $296.0k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 4.6k $268.5k | Added +1.1k |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 4.6k $267.9k | Added +1.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 4.2k $247.5k | Added +3 |
| MISSION WEALTH MANAGEMENT, LP 0.01% of their portfolio | 4.2k $245.4k | Unchanged |
| Prospera Financial Services Inc 0.00% of their portfolio | 4.0k $234.7k | Unchanged |
| Essex Financial Services, Inc. 0.01% of their portfolio | 4.0k $234.5k | Unchanged |
| REGIONS FINANCIAL CORP 0.00% of their portfolio | 4.0k $234.1k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 4.0k $231.5k | New |
| BCS Wealth Management 0.05% of their portfolio | 3.9k $226.0k | Reduced -3.9k |
| Robinswood Financial LLC 0.07% of their portfolio | 3.8k $224.1k | Unchanged |
| Snowden Capital Advisors LLC 0.01% of their portfolio | 3.8k $221.8k | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 3.7k $216.2k | Reduced -2.2k |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 3.6k $208.4k | Unchanged |
| CIBC Bancorp USA Inc. 0.00% of their portfolio | 3.4k $201.1k | First filing |
| BESSEMER GROUP INC 0.00% of their portfolio | 2.9k $172.0k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.8k $162.2k | Unchanged |
| Evelyn Partners Investment Management LLP 0.00% of their portfolio | 2.1k $124.2k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2.0k $116.9k | Added +1.2k |
| EASTERN BANK 0.00% of their portfolio | 1.7k $100.7k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 1.4k $79.3k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.1k $65.2k | Unchanged |
| ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio | 1.0k $60.0k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 1.0k $59.5k | Added +755 |
| Birchwood Financial Partners, Inc. 0.05% of their portfolio | 918 $53.7k | Unchanged |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 890 $52.0k | New |
| Wall Street Financial Group, Inc. 0.03% of their portfolio | 865 $50.6k | New |
| BNP PARIBAS 0.00% of their portfolio | 750 $43.9k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 543 $31.7k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 145 $8.5k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 125 $7.1k | Reduced -611 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 36 $2.2k | Added +18 |
| ASSETMARK, INC 0.00% of their portfolio | 16 $936 | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $58 | Unchanged |