General American Investors Company, Inc.
US ˙ NYSE ˙ US3688021043

SecurityGAM / General American Investors Company, Inc.
InstitutionSaba Capital Management, L.P.
ManagerBoaz Ronald Weinstein
Latest Disclosed Ownership1,939,630 shares
Ownership 8.33%
Saba Capital Management, L.P. ownership in GAM / General American Investors Company, Inc.

2025-08-18 - Saba Capital Management, L.P. has filed an SCHEDULE 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,939,630 shares of General American Investors Company, Inc. (US:GAM). This represents 8.33 percent ownership of the company. In their previous filing dated 2025-05-02 , Saba Capital Management, L.P. had reported owning 1,720,363 shares, indicating an increase of 12.75 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-08-18 2025-08-18 13D/A 1,720,363 1,939,630 12.75 8.33 13.64
2025-05-02 2025-05-02 13D/A 1,462,896 1,720,363 17.60 7.33 16.91
2024-11-26 2024-11-26 13D/A 1,195,263 1,462,896 22.39 6.27 22.22
2024-10-28 2024-10-28 13D 1,195,263 5.13

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F GENERAL AMERN INVS COM 368802104 1,839,593 -246,292 -11.81 107,561 -12.20 2.9713
2026-02-17 2025-12-31 13F GENERAL AMERN INVS COM 368802104 2,085,885 44,324 2.17 122,504 -3.54 3.6404
2025-11-14 2025-09-30 13F GENERAL AMERN INVS COM 368802104 2,041,561 238,916 13.25 127,006 25.72 3.4727
2025-08-14 2025-06-30 13F GENERAL AMERN INVS COM 368802104 1,802,645 186,111 11.51 101,020 24.07 2.3733
2025-05-15 2025-03-31 13F GENERAL AMERN INVS COM 368802104 1,616,534 152,234 10.40 81,425 9.01 2.2014
2025-02-14 2024-12-31 13F GENERAL AMERN INVS COM 368802104 1,464,300 437,632 42.63 74,694 35.71 1.7502
2024-11-14 2024-09-30 13F GENERAL AMERN INVS COM 368802104 1,026,668 515,783 100.96 55,040 116.68 1.1471
2024-08-14 2024-06-30 13F GENERAL AMERN INVS COM 368802104 510,885 0 0.00 25,401 6.90 0.4223
2024-05-15 2024-03-31 13F GENERAL AMERN INVS COM 368802104 510,885 0 0.00 23,761 8.29 0.4069
2024-02-14 2023-12-31 13F GENERAL AMERN INVS COM 368802104 510,885 0 0.00 21,943 4.40 0.4413
2023-11-14 2023-09-30 13F GENERAL AMERN INVS COM 368802104 510,885 -182,351 -26.30 21,018 -27.33 0.5045
2023-08-14 2023-06-30 13F GENERAL AMERN INVS COM 368802104 693,236 24,857 3.72 28,922 11.21 0.7529
2023-05-15 2023-03-31 13F GENERAL AMERN INVS COM 368802104 668,379 324,838 94.56 26,007 109.40 0.4963
2023-02-14 2022-12-31 13F GENERAL AMERN INVS COM 368802104 343,541 -64,585 -15.82 12,419 -10.10 0.1681
2022-11-16 2022-09-30 13F/A-1 GENERAL AMERN INVS COM 368802104 408,126 0 0.00 13,815 -4.27 0.1558
2022-11-14 2022-09-30 13F GENERAL AMERN INVS COM 368802104 408,126 0 13,815 0.1565
2022-08-15 2022-06-30 13F GENERAL AMERN INVS COM 368802104 408,126 -24,082 -5.57 14,431 -21.38 0.1684
2022-06-03 2022-03-31 13F/A-1 GENERAL AMERN INVS COM 368802104 432,208 0 0.00 18,356 -3.92 0.2614
2022-05-16 2022-03-31 13F GENERAL AMERN INVS COM 368802104 432,208 0 18,356 0.2614
2022-02-14 2021-12-31 13F GENERAL AMERN INVS COM 368802104 432,208 0 0.00 19,104 2.65 0.2891
2021-11-15 2021-09-30 13F GENERAL AMERN INVS COM 368802104 432,208 0 0.00 18,611 -0.83 0.4550
2021-08-16 2021-06-30 13F GENERAL AMERN INVS COM 368802104 432,208 -5,115 -1.17 18,766 7.71 0.5375
2021-05-17 2021-03-31 13F GENERAL AMERN INVS COM 368802104 437,323 0 0.00 17,423 7.13 0.5581
2021-02-16 2020-12-31 13F GENERAL AMERN INVS COM 368802104 437,323 0 0.00 16,264 9.54 0.6663
2020-11-16 2020-09-30 13F GENERAL AMERN INVS COM 368802104 437,323 0 0.00 14,847 6.71 0.6170
2020-08-14 2020-06-30 13F GENERAL AMERN INVS COM 368802104 437,323 0 0.00 13,914 15.99 0.6083
2020-05-15 2020-03-31 13F GENERAL AMERN INVS COM 368802104 437,323 0 0.00 11,996 -27.32 0.6310
2020-02-14 2019-12-31 13F GENERAL AMERN INVS COM 368802104 437,323 0 0.00 16,505 3.82 0.7831
2019-11-14 2019-09-30 13F GENERAL AMERN INVS COM 368802104 437,323 -8,211 -1.84 15,897 0.54 0.7380
2019-08-14 2019-06-30 13F GENERAL AMERN INVS COM 368802104 445,534 0 0.00 15,812 6.54 0.6741
2019-05-15 2019-03-31 13F GENERAL AMERN INVS COM 368802104 445,534 0 0.00 14,841 17.13 0.6492
2019-02-14 2018-12-31 13F GENERAL AMERN INVS COM 368802104 445,534 11,421 2.63 12,671 -21.09 0.4551
2018-11-14 2018-09-30 13F GENERAL AMERN INVS COM 368802104 434,113 -111,181 -20.39 16,058 -14.24 0.8258
2018-08-14 2018-06-30 13F GENERAL AMERN INVS COM 368802104 545,294 -87,582 -13.84 18,725 -11.60 1.1662
2018-05-15 2018-03-31 13F GENERAL AMERN INVS COM 368802104 632,876 0 0.00 21,182 -2.71 1.1761
2018-02-14 2017-12-31 13F GENERAL AMERN INVS COM 368802104 632,876 -413,350 -39.51 21,771 -42.21 1.7035
2017-11-14 2017-09-30 13F GENERAL AMERN INVS COM 368802104 1,046,226 -95,106 -8.33 37,675 -3.90 3.8177
2018-01-31 2017-06-30 13F/A-1 GENERAL AMERN INVS COM 368802104 1,141,332 -39,459 -3.34 39,205 -0.92 3.5550
2017-08-14 2017-06-30 13F GENERAL AMERN INVS COM 368802104 1,141,332 -39,459 39,205
2017-05-15 2017-03-31 13F GENERAL AMERN INVS COM 368802104 1,180,791 923,267 358.52 39,568 393.55 3.5378
2017-02-15 2016-12-31 13F/A-1 GENERAL AMERN INVS COM 368802104 257,524 28,112 12.25 8,017 7.04 0.8150
2017-02-14 2016-12-31 13F GENERAL AMERN INVS COM 368802104 257,524 8,017
2016-11-14 2016-09-30 13F GENERAL AMERN INVS COM 368802104 229,412 229,412 7,490 0.7316
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.