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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14.1M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.78M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.75M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$986K |
| 5 |
Morgan Stanley
New York
|
+$571K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$6.15M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.65M |
| 4 |
PAS
Park Avenue Securities
New York
|
-$1.5M |
| 5 |
SIC
Salem Investment Counselors
Winston Salem,
North Carolina
|
-$1.36M |
GAM Hedge Fund Activity: Q3 2025 in Review
93 of the 7,639 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.