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GAM

General American Investors Company
GAM

93 hedge funds and large institutions have $441M invested in General American Investors Company in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 24 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

12% more capital invested

Capital invested by funds: $394M → $441M (+$46.5M)

8% more funds holding

Funds holding: 86 → 93 (+7)

0.11% more ownership

Funds ownership: 29.34% → 29.45% (+0.11%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

42% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 24

Holders
93
Holders Change
+7
Holders Change %
+8.14%
% of All Funds
1.22%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
11
Increased
14
Reduced
24
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$14.1M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.78M
3
SIA
Sit Investment Associates
Minnesota
+$1.75M
4
AAM
Advisors Asset Management
Colorado
+$986K
5
Morgan Stanley
Morgan Stanley
New York
+$571K

Top Sellers

1
SFS
Shaker Financial Services
Virginia
-$6.15M
2
CA
Cornerstone Advisors
North Carolina
-$2.9M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.65M
4
PAS
Park Avenue Securities
New York
-$1.5M
5
SIC
Salem Investment Counselors
North Carolina
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
Luther King Capital Management (LKCM)
26
Luther King Capital Management (LKCM)
Texas
$1.44M – – –
MAA
27
Mraz Amerine & Associates
California
$1.37M -$94.1K -1,598 -7%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$1.23M -$36.7K -623 -3%
OMC
29
Overbrook Management Corp
New York
$1.02M – – –
Cetera Investment Advisers
30
Cetera Investment Advisers
Illinois
$946K +$10.7K +181 +1%
JIC
31
Joel Isaacson & Co
New York
$705K – – –
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$701K +$2.95K +50 +0.4%
PCA
33
Prosperity Capital Advisors
Ohio
$596K – – –
UCI
34
Uncommon Cents Investing
Wisconsin
$579K – – –
SC
35
Savant Capital
Illinois
$576K – – –
QC
36
Quantedge Capital
Singapore
$524K -$554K -9,400 -53%
AF
37
Apexium Financial
Texas
$519K – – –
Mariner
38
Mariner
Kansas
$491K +$1.35K +23 +0.3%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$436K – – –
Northern Trust
40
Northern Trust
Illinois
$408K – – –
PAS
41
Park Avenue Securities
New York
$395K -$1.5M -25,478 -80%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$393K -$1.65M -28,064 -82%
SC
43
Stolper & Co
Oklahoma
$363K – – –
Wealth Enhancement Advisory Services
44
Wealth Enhancement Advisory Services
Minnesota
$360K – – –
UBS Group
45
UBS Group
Switzerland
$348K -$296K -5,032 -47%
Focus Partners Wealth
46
Focus Partners Wealth
Massachusetts
$336K +$318K +5,397 New
MC
47
Matisse Capital
Oregon
$330K – – –
CAPTRUST Financial Advisors
48
CAPTRUST Financial Advisors
North Carolina
$325K – – –
SPWM
49
Schrum Private Wealth Management
Florida
$315K – – –
SWP
50
Stratos Wealth Partners
Ohio
$314K – – –
1
2
3 4

GAM Hedge Fund Activity: Q3 2025 in Review

93 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q3 2025, worth a combined $441M — up 12% from $394M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new GAM positions and 3 closed out — a net gain of 8 holders — while 14 added to existing stakes and 24 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $14.1M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $6.15M sold.

  • 93 institutional investors held General American Investors Company (GAM) as of Q3 2025, up from 86 in Q2 2025.
  • Funds reported $441M of General American Investors Company stock for Q3 2025, up 12% quarter-over-quarter.
  • 11 funds opened new General American Investors Company positions in Q3 2025 and 3 closed out, a net change of +8 holders.
  • The largest General American Investors Company buyer in Q3 2025 was Saba Capital Management, an estimated $14.1M added.
  • The largest General American Investors Company seller in Q3 2025 was Shaker Financial Services, an estimated $6.15M sold.

Based on aggregated 13F filings for Q3 2025.