Welcome to our dedicated page for GENERAL AMERICAN INVESTORS CO 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. filings document proxy governance for a closed-end investment company with NYSE-listed common stock and 5.95% Cumulative Preferred Stock, Series B. The company’s definitive proxy materials describe annual meeting matters, director elections, class voting by common and preferred shareholders, Audit Committee actions and related governance procedures.
These regulatory records also reflect capital-structure subjects specific to the fund, including preferred stock rights within shareholder voting mechanics and board oversight of the company’s investment-company governance framework.
General American Investors Company, Inc. chairman Spencer Davidson reports beneficial ownership of 1,439,001 shares of common stock, representing 6.0% of the outstanding shares as of December 31, 2025. The amendment updates his Schedule 13D to align with a January 5, 2026 Form 4/A.
The filing states that changes in his holdings arose from company share repurchases, the termination or expiration of certain trusts, and reinvestment of dividends or distributions. Davidson holds the shares for investment purposes for his own account and, other than matters arising from his role as a director, currently has no plans or proposals relating to major corporate actions such as mergers, asset sales, or changes in control.
General American Investors Co. Inc. chairman Spencer Davidson filed an amended insider ownership report. The filing updates his beneficial holdings in both the company’s common stock (GAM) and its 5.95% preferred stock as of a transaction date of 12/08/2025, correcting balances previously reported.
Following the corrections, Davidson is shown as beneficially owning 1,422,966 shares of GAM common stock directly, 11,487 common shares indirectly through trusts, and 4,548 common shares in an IRA. He also reports 179,387 shares of 5.95% preferred stock held directly, 1,000 preferred shares in an IRA, and 5,000 preferred shares held indirectly through trusts. The amendment is described as made "to correct balance previously reported," and does not describe new derivative securities.
General American Investors Company, Inc. insider trading report: President and CEO Jeffrey W. Priest reported buying 5.95% Preferred Stock of the company on 12/10/2025. He acquired 16,608 shares in an open-market purchase coded "P" at a price of $25.0037 per share.
After this transaction, Mr. Priest directly owned 34,891 shares of the 5.95% Preferred Stock. He also reported beneficial ownership of the company’s common stock GAM both directly and indirectly, including shares held by a parent, under power of attorney, and through an employees’ thrift plan trust, while disclaiming beneficial interest in certain indirect holdings.
General American Investors Co. Inc. (GAM) chairman Spencer Davidson reported a purchase of 2,000 shares of the company’s 5.95% Preferred Stock on 12/08/2025 at a price of $25.0372 per share. After this transaction, he beneficially owned 179,099 preferred shares through Hudson Partnership, 1,000 preferred shares in an IRA account, and 5,000 preferred shares through various trusts. He also reported beneficial ownership of 1,422,966 common shares through Hudson Partnership, 11,487 common shares through trusts, and 4,548 common shares in an IRA account.
GENERAL AMERICAN INVESTORS CO INC (GAM) President & CEO Jeffrey W. Priest reported a small preferred stock purchase. On 12/08/2025, he acquired 60 shares of the company’s 5.95% Preferred Stock in an open-market purchase at $25 per share, as shown in Table I.
After this transaction, Mr. Priest is reported as beneficially owning various amounts of both GAM common stock and the 5.95% Preferred Stock, held directly and indirectly through a parent, a power of attorney, and an employees’ thrift plan trust. The footnotes state that he has dispositive power over certain indirect holdings but disclaims beneficial interest in those shares.
General American Investors Company reported an insider transaction by Senior Vice-President Anang K. Majmudar. On 12/08/2025, the officer purchased 36 shares of the company’s 5.95% Preferred Stock at a price of $24.98 per share. After this transaction, he beneficially owned 7,641 shares of this preferred stock held directly in joint tenancy with his spouse.
The filing also shows 4,703 shares of GAM common stock held directly and 28,787 shares held indirectly through the issuer’s Employees’ Thrift Plan Trust, in which the reporting person disclaims beneficial interest.
General American Investors Co. Inc. (GAM) president and CEO Jeffrey W. Priest reported an open-market purchase of 5.95% preferred stock. On 11/24/2025 he bought 7,651 shares of 5.95% Preferred Stock at $24.95 per share.
Following this transaction, he reports beneficial ownership of 18,223 shares of the 5.95% Preferred Stock directly, with additional indirect preferred holdings of 7,739 shares through a parent and 19,502 shares by power of attorney. He also reports GAM common stock holdings, including 45,611 shares directly and additional indirect positions held through related accounts and a thrift plan trust, some of which he disclaims beneficial interest in.
GENERAL AMERICAN INVESTORS CO INC (GAM) filed a Form 4 disclosing insider purchases by Chairman Spencer Davidson. On 11/24/2025, he purchased 4,120 shares of the company’s 5.95% Preferred Stock at $24.98 per share. On 11/25/2025, he made an additional purchase of 1,201 shares of the same 5.95% Preferred Stock, also at $24.98 per share.
The filing also lists existing holdings of GAM common stock and preferred stock held directly, in an IRA, and indirectly through various trusts where he serves as trustee. It notes that he discontinued service on two trusts in 2024 and disclaims any beneficial interest in those related shares.
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.