Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in GAM held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Saba Capital Management, L.P. | 1.8M | $107.6M | -11.8% | 7.902% | 3.59% |
| 2 | LAZARD ASSET MANAGEMENT LLC | 1.6M | $92.4M | +13.1% | 6.790% | 0.15% |
| 3 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 818K | $47.8M | +0.9% | 3.512% | 6.87% |
| 4 | Allspring Global Investments Holdings, LLC | 431K | $25.2M | +9.5% | 1.851% | 0.04% |
| 5 | Bulldog Investors, LLP | 296K | $17.3M | -0.2% | 1.273% | 3.90% |
| 6 | 1607 Capital Partners, LLC | 276K | $16.2M | -0.4% | 1.187% | 1.16% |
| 7 | ROYAL BANK OF CANADA | 196K | $11.5M | -3.9% | 0.844% | 0.00% |
| 8 | Pathstone Holdings, LLC | 162K | $9.5M | -7.1% | 0.694% | 0.04% |
| 9 | LEVIN CAPITAL STRATEGIES, L.P. | 107K | $6.3M | 0.0% | 0.461% | 0.48% |
| 10 | MORGAN STANLEY | 97K | $5.7M | -0.8% | 0.416% | 0.00% |
| 11 | Altium Capital Management LP | 49K | $2.9M | +133.9% | 0.209% | 6.78% |
| 12 | FIRST TRUST ADVISORS LP | 43K | $2.5M | +10.1% | 0.184% | 0.00% |
| 13 | EVOLVE PRIVATE WEALTH, LLC | 40K | $2.4M | -0.1% | 0.173% | 0.13% |
| 14 | CAPSTONE INVESTMENT ADVISORS, LLC | 36K | $2.1M | 0.0% | 0.154% | 0.00% |
| 15 | STIFEL FINANCIAL CORP | 35K | $2.1M | +1.6% | 0.152% | 0.00% |
| 16 | Thomas J. Herzfeld Advisors, Inc. | 33K | $1.9M | +26239.5% | 0.140% | 0.65% |
| 17 | CSS LLC/IL | 31K | $1.8M | -6.8% | 0.133% | 0.09% |
| 18 | BANK OF AMERICA CORP /DE/ | 31K | $1.8M | -2.9% | 0.131% | 0.00% |
| 19 | WELLS FARGO & COMPANY/MN | 30K | $1.7M | -11.2% | 0.127% | 0.00% |
| 20 | EverSource Wealth Advisors, LLC | 3K | $1.7M | +15572.2% | 0.012% | 0.05% |
| 21 | RAYMOND JAMES FINANCIAL INC | 27K | $1.6M | +0.9% | 0.115% | 0.00% |
| 22 | GUGGENHEIM CAPITAL LLC | 23K | $1.3M | -4.6% | 0.097% | 0.01% |
| 23 | COMMONWEALTH EQUITY SERVICES, LLC | 21K | $1.2M | -0.2% | 0.089% | 0.00% |
| 24 | HighTower Advisors, LLC | 21K | $1.2M | -18.2% | 0.088% | 0.00% |
| 25 | Mraz, Amerine & Associates, Inc. | 20K | $1.2M | -7.8% | 0.087% | 0.18% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in GAM — a direct measure of their conviction.
Filings activity in GAM during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new GAM position in Q1 2026
Institutions that fully closed their GAM position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 92 | +1.1% | 26.24% | 2.32 pp | $387M | 8.1% |
| Q4 2025 | 91 | 3.2% | 28.56% | +1.78 pp | $422M | +6.6% |
| Q3 2025 | 94 | +11% | 26.78% | +7.82 pp | $395M | +41% |
| Q2 2025 | 85 | +0.0% | 18.96% | +1.85 pp | $280M | +11% |
| Q1 2025 | 85 | 3.4% | 17.11% | 0.10 pp | $252M | 0.6% |
| Q4 2024 | 88 | 2.2% | 17.21% | 1.19 pp | $254M | 6.5% |
| Q3 2024 | 90 | +4.7% | 18.40% | 0.48 pp | $272M | 2.5% |
| Q2 2024 | 86 | — | 18.88% | — | $279M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Apr 20, 2026 | Majmudar Anang K. | Buy | 500 | $24.66 | $12K |
| Apr 17, 2026 | Majmudar Anang K. | Buy | 1K | $24.81 | $25K |
| Apr 8, 2026 | Priest Jeffrey W | Buy | 5K | $24.68 | $123K |
| Apr 8, 2026 | Stark Eugene S | Buy | 1K | $24.92 | $29K |
Quick answers to the most common questions about buying GAM stock.
Based on Q1 2026 13F filings, institutional ownership of General American Investors Company, Inc. stands at 26.2%, held across 92 reporting institutions.
Saba Capital Management, L.P. is the largest reported institutional holder of GAM, with approximately 1,839,593 shares worth $0.11B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of GAM.
Our composite Smart Money Score for GAM is 28 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
9 institutions opened new positions in GAM during Q1 2026, while 8 fully exited. 24 added to existing positions and 59 trimmed.
GAM institutional ownership fell by 2.32 percentage points quarter-over-quarter, with a net change of +1 holders.
The top 10 institutions account for 87.6% of all reported 13F value in GAM, and the top 25 account for 94.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
General American Investors Company, Inc. (GAM) Institutional Ownership