General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six-month period ended June 30, 2025. The Form N-CSR contains the Company’s June 30, 2025 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com . The Semi-Annual Report is expected to be mailed to stockholders shortly.
The Semi-Annual Report indicates that as of or for the six months ended:
| 6/30/25 |
| 6/30/24 | |
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Net Assets Applicable to Common Stock | $1,485,083,433 |
| $1,402,088,131 | |
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Net Assets Per Common Share | $63.79* |
| $60.14 | |
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Net Investment Income | $5,949,971 |
| $5,740,826 | |
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Per Share | $0.26 |
| $0.25 | |
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Net Gain on Investments | 144,433,108 |
| 188,287,805 | |
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Per Share | $6.24 |
| $8.17 | |
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Common Shares Outstanding | 23,279,512 |
| 23,313,823 |
* |
| After a distribution of $4.07 per share from net long-term capital gains and a dividend of $0.43 per share paid in December 2024 and a distribution of $0.25 per share from long-term capital gains paid in March 2025. |
The largest stock holdings in the Company’s portfolio as of June 30, 2025, included: Microsoft, Republic Services, Berkshire Hathaway, TJX Companies, and Amazon.
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