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GAM

General American Investors Company
GAM

86 hedge funds and large institutions have $394M invested in General American Investors Company in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

12% more capital invested

Capital invested by funds: $353M → $394M (+$41.2M)

2% more funds holding

Funds holding: 84 → 86 (+2)

0.53% less ownership

Funds ownership: 29.87% → 29.34% (-0.53%)

22% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 23

Holders
86
Holders Change
+2
Holders Change %
+2.38%
% of All Funds
1.13%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
6
Increased
18
Reduced
23
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.7M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.74M
3
Cohen & Steers
Cohen & Steers
New York
+$1.18M
4
Bank of America
Bank of America
North Carolina
+$553K
5
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
+$379K

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$4.44M
2
SFS
Shaker Financial Services
Virginia
-$2.55M
3
CA
Cornerstone Advisors
North Carolina
-$2.31M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.56M
5
1CP
1607 Capital Partners
Virginia
-$1.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAG
76
Armstrong Advisory Group
Massachusetts
$57.5K – – –
BP
77
BNP Paribas
France
$42K – – –
Northwestern Mutual Wealth Management
78
Northwestern Mutual Wealth Management
Wisconsin
$41.7K – – –
SPIA
79
Steward Partners Investment Advisory
New York
$21.3K – – –
NA
80
NewEdge Advisors
Louisiana
$7.34K – – –
GRP
81
Global Retirement Partners
California
$6.84K +$6.36K +122 New
TJHA
82
Thomas J. Herzfeld Advisors
Florida
$6.28K – – –
Jones Financial Companies
83
Jones Financial Companies
Missouri
$5.23K – – –
EWA
84
EverSource Wealth Advisors
Alabama
$933 – – –
AssetMark Inc
85
AssetMark Inc
California
$897 – – –
Comerica Bank
86
Comerica Bank
Texas
$504 – – –
HNB
87
Huntington National Bank
Ohio
$56 – – –
Thrivent Financial for Lutherans
88
Thrivent Financial for Lutherans
Minnesota
– -$1.56M -28,237 Closed
AA
89
AQR Arbitrage
Connecticut
– -$783K -15,543 Closed
SWM
90
Spire Wealth Management
Virginia
– -$255K -5,062 Closed
PBK
91
Peoples Bank (Kansas)
Kansas
– -$43.3K -859 Closed
1 2 3
4

GAM Hedge Fund Activity: Q2 2025 in Review

86 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in General American Investors Company (GAM) for Q2 2025, worth a combined $394M — up 12% from $353M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new GAM positions and 4 closed out — a net gain of 2 holders — while 18 added to existing stakes and 23 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $9.7M. The largest seller was Pathstone Holdings, cutting an estimated $4.44M.

  • 86 institutional investors held General American Investors Company (GAM) as of Q2 2025, up from 84 in Q1 2025.
  • Funds reported $394M of General American Investors Company stock for Q2 2025, up 12% quarter-over-quarter.
  • 6 funds opened new General American Investors Company positions in Q2 2025 and 4 closed out, a net change of +2 holders.
  • The largest General American Investors Company buyer in Q2 2025 was Saba Capital Management, an estimated $9.7M added.
  • The largest General American Investors Company seller in Q2 2025 was Pathstone Holdings, an estimated $4.44M sold.

Based on aggregated 13F filings for Q2 2025.