Welcome to our dedicated page for General American Investors SEC filings (Ticker: GAM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
General American Investors Company, Inc. (NYSE: GAM) is a closed-end management investment company that files periodic reports and other documents with the U.S. Securities and Exchange Commission. In its public communications, the company notes that it files Certified Shareholder Reports on Form N-CSR, which include semi-annual reports for stockholders. These reports contain information such as net assets applicable to common stock, net asset value per common share, net investment income, net gains on investments, and the number of common shares outstanding as of specified dates.
For a closed-end investment company like General American Investors, SEC filings provide insight into its portfolio of equity securities, investment results, and capital structure, including common stock and 5.95% Cumulative Preferred Stock, Series B. The company’s announcements reference that its Form N-CSR filings are available on the SEC’s website and that semi-annual reports are mailed to stockholders.
On Stock Titan’s filings page for GAM, users can access these regulatory documents as they become available through the SEC’s EDGAR system. AI-powered summaries help explain the contents of lengthy filings by highlighting key figures, portfolio changes, and important disclosures in plain language. This can be particularly useful when reviewing detailed shareholder reports or other investment company filings.
In addition to periodic reports, investors may be interested in filings that relate to dividends and distributions, share repurchase activity authorized by the Board of Directors, and information about the company’s preferred stock. Stock Titan also surfaces insider transaction reports on Form 4, when filed, and provides context around changes in ownership by directors and officers. Annual and semi-annual reports, along with other relevant filings, are organized so that users can quickly locate specific documents and use AI-generated insights to better understand General American Investors’ regulatory disclosures.
General American Investors Co Inc (GAM) Chairman Spencer Davidson reported an insider purchase of the company’s 5.95% preferred stock. On 11/18/2025, he acquired 1,462 shares of this preferred stock at a price of $24.98 per share, reported as a purchase transaction.
Following the reported transactions, he is shown as beneficially owning common shares of GAM both directly and indirectly through a partnership, various trusts, and an IRA account. For the 5.95% preferred stock, he is reported as holding 171,778 shares directly, with additional preferred shares held in an IRA and by trusts. Some indirect holdings are attributed to Hudson Partnership, where he is general partner, and to trusts for which he serves as trustee.
GENERAL AMERICAN INVESTORS CO INC (GAM) reported an insider transaction on a Form 4 for Chairman Spencer Davidson. On 11/14/2025, Davidson reported a purchase coded "P" of 5.95% Preferred Stock, acquiring 5,868 shares at a price of $24.98 per share. After the reported transactions, he beneficially owned GAM common stock consisting of 1,422,966 shares held directly through Hudson Partnership, 11,487 shares held indirectly by various trusts where he serves as trustee, and 4,548 shares held in an IRA account. For the 5.95% Preferred Stock, he beneficially owned 170,316 shares held through Hudson Partnership, 1,000 shares in an IRA account, and 5,000 shares held by trusts. The filing is made by one reporting person and reflects Davidson’s roles and indirect ownership structures.
General American Investors (GAM) Chairman Spencer Davidson reported open‑market purchases of the company’s 5.95% Preferred Stock. On 11/12/2025, he purchased 16,824 shares at $24.9753 per share, and on 11/13/2025, he purchased 3,427 shares at $24.98 per share. Following these transactions, his directly held 5.95% Preferred Stock position is shown as 164,448 shares.
The filing also lists beneficial holdings in GAM equity, including 1,422,966 shares held directly, 11,487 shares held indirectly by trusts, and 4,548 shares held in an IRA, as described in the footnotes.
General American Investors (GAM): Chairman Spencer Davidson reported buying 21,610 shares of the company’s 5.95% Preferred Stock on 11/07/2025 at $24.9964 per share.
After the trade, he reported beneficial ownership of the 5.95% Preferred Stock including 144,197 shares held directly, 1,000 shares held in an IRA, and 5,000 shares held by trusts. He also reported common stock holdings including 1,422,966 shares held via Hudson Partnership and 11,487 shares held by trusts.
General American Investors Co. (GAM) reported insider activity: Chairman Spencer Davidson purchased 5.95% Preferred Stock in two open-market transactions. He bought 179 shares at $24.98 on 11/05/2025 and 168 shares at $24.99 on 11/06/2025. Following these transactions, direct holdings of the 5.95% Preferred Stock were 122,419 shares and then 122,587 shares.
The filing also lists other beneficial ownership: Common Stock of 1,422,966 shares direct, 11,487 shares indirect by trusts, and 4,548 shares direct held in an IRA. For the 5.95% Preferred Stock, additional positions shown include 1,000 shares direct in an IRA and 5,000 shares indirect by trusts.
General American Investors (GAM): Form 4 insider activity — Chairman Spencer Davidson reported open‑market purchases (Code P) of the company’s 5.95% Preferred Stock. On 11/03/2025, he bought 52 shares at $24.95. On 11/04/2025, he bought 1,684 shares at $24.98.
Following these transactions, beneficial ownership reported for the 5.95% Preferred Stock included 122,240 shares direct (footnote (1)), 1,000 shares direct via an IRA (footnote (3)), and 5,000 shares indirect by trusts (footnote (2)). Common Stock beneficial ownership was 1,422,966 shares direct (footnote (1)), 4,548 shares direct via an IRA (footnote (3)), and 11,487 shares indirect by trusts (footnote (2)).
General American Investors (GAM) Chairman Spencer Davidson reported an insider purchase. On 10/31/2025, he bought 2,657 shares of the company’s 5.95% Preferred Stock at $24.98 per share.
Following the transactions, his beneficial holdings include 120,504 shares of 5.95% Preferred Stock (Direct, note 1), 1,000 (Direct, note 3), and 5,000 (Indirect via trusts, note 2). For common stock, he reports 1,422,966 shares (Direct, note 1), 11,487 (Indirect via trusts, note 2), and 4,548 (Direct via IRA, note 3).
General American Investors (GAM) reported insider purchases by its Chairman via a Form 4. On 10/29/2025, the reporting person purchased 3,811 shares of the company’s 5.95% Preferred Stock at $24.98. On 10/30/2025, an additional 7,394 preferred shares were purchased at $24.979.
Following these transactions, the filing lists 117,847 shares of 5.95% Preferred Stock held directly. The filing also shows common stock beneficial ownership of 1,422,966 shares held directly, 11,487 shares held indirectly by trusts, and 4,548 shares held directly in an IRA. Some securities are noted as held through entities or trusts, with explanatory footnotes identifying the nature of those holdings.
General American Investors (GAM): Chairman Spencer Davidson reported purchases of the company’s 5.95% Preferred Stock. He bought 3,400 shares on 10/23/2025 and 3,808 shares on 10/24/2025 at $24.98 per share (Transaction Code P).
Following the reported transactions, beneficial ownership included 106,642 shares of 5.95% Preferred Stock (direct) and 5,000 shares of 5.95% Preferred Stock (by trusts). Reported common stock holdings included 1,422,966 shares (direct), 11,487 shares (by trusts), and 4,548 shares (held in an IRA).
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