GAM
General American Investors Company
About: General American Investors Co Inc is a closed-end, diversified management investment company. The primary investment objective of the company is long-term capital appreciation through investment in companies with above-average growth potential. It focuses on equity securities with growth potential at reasonable valuations.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 3 (+1) [Q1 2025]
29% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 21
0.56% more ownership
Funds ownership: 29.28% [Q4 2024] → 29.84% (+0.56%) [Q1 2025]
0% less capital invested
Capital invested by funds: $353M [Q4 2024] → $353M (-$627K) [Q1 2025]
7% less funds holding
Funds holding: 88 [Q4 2024] → 82 (-6) [Q1 2025]
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Research analyst outlook
We haven’t received any recent analyst ratings for GAM.
Financial journalist opinion
Positive
Seeking Alpha
1 week ago
GAM: Nearly 7% Average Income, Attractive Discount, And Solid Past Performance
General American Investors is a closed-end fund that invests in a diversified and balanced portfolio of equities of large-cap U.S. listed stocks. GAM uses nearly 12% leverage in the form of preferred shares, for which it pays 5.95% in distributions quarterly. GAM's past performance is solid, especially the long-term performance. In some ways, this is a proxy for the S&P500 in terms of capital appreciation with the benefit of significant income.
Positive
Seeking Alpha
1 week ago
2 Picks For Monthly Distributions And Participating With Activists
Closed-end funds offer unique opportunities due to the structure, which allows for the share price to swing wildly different from the underlying portfolio value. There are activist groups that specifically target these in a way to take advantage of this feature within the closed-end fund space. On top of that, it also provides significant diversification by investing in already diversified CEFs, and additionally, this can translate into strong monthly distributions.
Negative
Seeking Alpha
1 month ago
GAM: Tech Exposure Could Mean Short-Term Pain
General American Investors Company is a closed-end fund that has historically outperformed the S&P 500 Index, attracting investors despite being underfollowed and underheld. The fund primarily invests in American common equities, which may face downside risk due to capital outflows from the U.S. and overvaluation concerns. Despite its value-oriented approach, the fund holds significant positions in richly valued mega-cap technology stocks, potentially dragging down performance amid ongoing capital flight.
Neutral
Business Wire
4 months ago
General American Investors Company Common/Preferred Stock – Dividend/Distribution
NEW YORK--(BUSINESS WIRE)--GAM Declares 2024 Spill-Over Dividend and Distribution on Common Stock & Quarterly Dividend and Distribution on Preferred Stock.
Positive
Seeking Alpha
4 months ago
GAM: A Value-Oriented Fund With A Strong Performance History
General American Investors Company has outperformed the S&P 500 Index over the past 30 years, delivering a 3,418.47% total return since 1995. The fund focuses on long-term capital appreciation through a diversified portfolio, with a lower emphasis on the information technology sector compared to the S&P 500. The fund has a very low turnover compared to most, which appears to be the result of a very value-oriented buy-and-hold strategy.
Neutral
Business Wire
6 months ago
General American Investors Announces Issue Price for the 2024 Year-End Dividend and Distribution Payable on December 27, 2024
NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2024 year-end dividend and distribution on its common stock will be $52.26 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 13, 2024, which was below the.
Neutral
Business Wire
6 months ago
General American Investors Company Announces: Action Taken by the Board of Directors
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,4.
Positive
Seeking Alpha
6 months ago
5 Best CEFs This Month For 8.5% Yield (November 2024)
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Neutral
Business Wire
7 months ago
General American Investors Company Actions Taken by the Board of Directors
NEW YORK--(BUSINESS WIRE)--Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $4.50 per share on its outstanding shares of common stock as follows: A distribution of $4.05 per share from net long-term capital gains on securities sold. A dividend of $0.45 per share from estimated undistributed net investment income for the full year 2024. Determination as to taxability wi.
Positive
Seeking Alpha
8 months ago
GAM: Moving To Hold After The Run-Up (Rating Downgrade)
General American Investors has outperformed the S&P 500 by over 25% since our last coverage, driven by a tightening discount to NAV and portfolio outperformance. GAM's portfolio mimics the S&P 500 but with only 70 stocks, focusing on NAV growth and a 5% distribution yield. The current market conditions and GAM's stretched valuation metrics prompt us to downgrade the fund from 'Buy' to 'Hold'.
Charts implemented using Lightweight Charts™