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GAI
General American Investors Portfolio holdings
AUM
$1.69B
1-Year Est. Return
40.94%
This Fund
S&P 500
This Quarter
Est. Return
+1.35%
1 Year Est. Return
+40.94%
3 Year Est. Return
+128.91%
5 Year Est. Return
+178.43%
10 Year Est. Return
+618.93%
AUM
$1.01B
AUM Growth
-$42.2M
(-4%)
Cap. Flow
-$43M
Cap. Flow
% of AUM
-4.24%
Top 10 Holdings %
Top 10 Hldgs %
41.23%
Holding
73
New
4
Increased
8
Reduced
13
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expedia Group
EXPE
|
+$10.5M |
| 2 |
Elanco Animal Health
ELAN
|
+$6.29M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$3.74M |
| 4 |
VAL
Valaris plc Class A Ordinary Share
VAL
|
+$1.78M |
| 5 |
Cisco
CSCO
|
+$1.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
|
+$10.5M |
| 2 |
Madison Square Garden
MSGS
|
+$9.45M |
| 3 |
PETX
Aratana Therapeutics, Inc.
PETX
|
+$7.31M |
| 4 |
DXC Technology
DXC
|
+$5.6M |
| 5 |
eBay
EBAY
|
+$5.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.67% |
| 2 | Technology | 19.86% |
| 3 | Industrials | 12.69% |
| 4 | Consumer Discretionary | 11.34% |
| 5 | Communication Services | 11.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TJX Companies
TJX
$139B
| $58.8M | 5.8% |
1,055,037
| – | – |
|
2
Republic Services
RSG
$69.2B
| $51.7M | 5.1% |
597,895
| – | – |
|
3
Microsoft
MSFT
$3.75T
| $50.1M | 4.94% |
360,686
| – | – |
|
4
Arch Capital
ACGL
$33.4B
| $45.3M | 4.47% |
1,080,000
| – | – |
|
5
Alphabet (Google) Class C
GOOG
$4.23T
| $43.3M | 4.27% |
710,000
| – | – |
|
6
ASML
ASML
$605B
| $42.4M | 4.18% |
170,850
| – | – |
|
7
Berkshire Hathaway Class A
BRK.A
$1.1T
| $34.3M | 3.38% |
110
| – | – |
|
8
Amazon
AMZN
$2.73T
| $31.2M | 3.08% |
360,000
| – | – |
|
|
9
Cisco
CSCO
$434B
| $31.2M | 3.07% |
630,886
+30,886
| +5% | +$1.61M |
|
10
RTX Corp
RTX
$263B
| $29.7M | 2.93% |
345,673
| – | – |
|
11
Everest Group
EG
$14.6B
| $27.9M | 2.75% |
105,000
| – | – |
|
12
Delta Air Lines
DAL
$52.5B
| $25.1M | 2.48% |
436,511
+20,000
| +5% | +$1.18M |
|
13
Costco
COST
$408B
| $24.5M | 2.42% |
85,200
| – | – |
|
14
Nelnet
NNI
$4.56B
| $22.3M | 2.19% |
350,000
-20,000
| -5% | -$1.28M |
|
15
JPMorgan Chase
JPM
$931B
| $21.5M | 2.12% |
182,300
| – | – |
|
16
Gilead Sciences
GILD
$182B
| $21.1M | 2.08% |
333,600
| – | – |
|
17
AXIS Capital
AXS
$7.3B
| $19.7M | 1.94% |
295,000
| – | – |
|
18
PepsiCo
PEP
$186B
| $19.2M | 1.89% |
140,000
| – | – |
|
|
GLIBA
19
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $19.2M | 1.89% |
309,199
-50,000
| -14% | -$3.09M |
|
20
Target
TGT
$72.1B
| $18.9M | 1.86% |
176,800
-40,000
| -18% | -$3.8M |
|
21
Apple
AAPL
$4.86T
| $18.8M | 1.86% |
336,000
| – | – |
|
22
MetLife
MET
$62.1B
| $17.9M | 1.77% |
380,000
| – | – |
|
23
M&T Bank
MTB
$34.3B
| $17.4M | 1.71% |
110,000
| – | – |
|
24
Merck
MRK
$357B
| $15.6M | 1.54% |
194,080
| – | – |
|
25
Diageo
DEO
$49.1B
| $15.2M | 1.5% |
93,210
| – | – |
|
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General American Investors's Q3 2019 Portfolio in Review
As of Q3 2019, General American Investors held 73 positions worth $1.01B, down 4% from $1.06B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
General American Investors withdrew a net $43M in Q3 2019, closing 5 positions and reducing 13 holdings. Its most notable exit was Liberty Expedia Holdings, Inc. Class A Common Stock, an estimated $10.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 21% a quarter earlier, followed by Technology and Industrials.
Against the trend, General American Investors opened a new position in Expedia Group worth $10.6M.
- General American Investors's largest Q3 2019 buy was Expedia Group: 79,201 shares worth $10.6M.
- General American Investors added most to Paramount Global Class B in Q3 2019, an estimated $3.74M increase.
- General American Investors's biggest Q3 2019 reduction was Madison Square Garden, cutting an estimated $9.45M.
- General American Investors fully exited Liberty Expedia Holdings, Inc. Class A Common Stock in Q3 2019, selling an estimated $10.5M.
- General American Investors's ten largest holdings make up 41% of its $1.01B portfolio in Q3 2019.
- General American Investors opened 4 new positions and closed 5 in Q3 2019.
- General American Investors's portfolio value fell 4% quarter-over-quarter to $1.01B.
Based on General American Investors's 13F filing for Q3 2019, filed 25 Oct 2019.