GENERAL AMERICAN INVESTORS CO INC
Long book
$1.51B
Q1 2026
Positions
68
Top-10 weight
44%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsGENERAL AMERICAN INVESTORS CO INC is a diversified fundamental manager, running a $1.51B US long book across 68 positions.
The portfolio is moderately concentrated (top 10 ≈ 44% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: GE VERNOVA INC, BERKSHIRE HATHAWAY INC-CL A, TJX COMPANIES INC, REPUBLIC SERVICES INC, ASML HOLDING NV-NY REG SHS.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.7%
Q2 2024
+4.1%
Q3 2024
+0.5%
Q4 2024
-0.5%
Q1 2025
+10.1%
Q2 2025
+9.9%
Q3 2025
+3.6%
Q4 2025
+1.1%
Q1 2026
+10.9%
Sector allocation
Technology 26%
Financials 17%
Industrials 13%
Consumer discretionary 12%
Healthcare 9%
Utilities 8%
Materials 7%
Energy 3%
Long book by quarter
What does GENERAL AMERICAN own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GEV GE VERNOVA INC | Industrials | 91.0K | $79.4M | 5.3% | -9.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 110 | $79.0M | 5.2% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 484.8K | $77.4M | 5.1% | -7.7% |
| RSG REPUBLIC SERVICES INC | Utilities | 335.6K | $73.5M | 4.9% | -5.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 55.0K | $72.6M | 4.8% | -11.3% |
| AAPL APPLE INC | Technology | 265.7K | $67.4M | 4.5% | -3.6% |
| GOOG ALPHABET INC-CL C | Technology | 209.9K | $60.2M | 4.0% | -28.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 286.0K | $59.6M | 3.9% | Held |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 530.2K | $50.9M | 3.4% | -11.6% |
| MSFT MICROSOFT CORP | Technology | 126.4K | $46.8M | 3.1% | -29.8% |
| AVGO BROADCOM INC | Technology | 138.0K | $42.7M | 2.8% | -3.5% |
| EG EVEREST GROUP LTD | Financials | 129.2K | $42.2M | 2.8% | Held |
| AEM AGNICO EAGLE MINES LTD | Materials | 189.3K | $38.4M | 2.5% | +5.6% |
| CCJ CAMECO CORP | Materials | 339.2K | $36.8M | 2.4% | -12.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 33.0K | $32.9M | 2.2% | Held |
| NNI NELNET INC-CL A | Financials | 234.0K | $30.2M | 2.0% | -3.9% |
| RTX RTX CORP | Industrials | 150.0K | $28.9M | 1.9% | -3.2% |
| NVDA NVIDIA CORP | Technology | 161.0K | $28.1M | 1.9% | Held |
| SOLV SOLVENTUM CORP | Healthcare | 377.4K | $24.6M | 1.6% | Held |
| MRK MERCK & CO. INC. | Healthcare | 204.3K | $24.6M | 1.6% | Held |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 31.4K | $24.2M | 1.6% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 80.0K | $23.5M | 1.6% | Held |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 65.8K | $22.7M | 1.5% | -7.1% |
| T AT&T INC | Communications | 774.6K | $22.5M | 1.5% | +6.9% |
| MTB M & T BANK CORP | Financials | 101.1K | $20.9M | 1.4% | Held |
| PEP PEPSICO INC | Consumer staples | 130.0K | $20.2M | 1.3% | -7.1% |
| ET ENERGY TRANSFER LP | Utilities | 1.0M | $19.7M | 1.3% | Held |
| XOM EXXON MOBIL CORP | Energy | 115.1K | $19.5M | 1.3% | -21.2% |
| META META PLATFORMS INC-CLASS A | Technology | 32.0K | $18.3M | 1.2% | Held |
| D DOMINION ENERGY INC | Utilities | 290.0K | $17.9M | 1.2% | Held |
| CVX CHEVRON CORP | Energy | 86.4K | $17.9M | 1.2% | Held |
| GILD GILEAD SCIENCES INC | Healthcare | 119.9K | $16.7M | 1.1% | Held |
| ONTO ONTO INNOVATION INC | Other | 80.0K | $16.4M | 1.1% | Held |
| TYL TYLER TECHNOLOGIES INC | Technology | 46.7K | $16.0M | 1.1% | Held |
| ANET ARISTA NETWORKS INC | Technology | 125.1K | $15.4M | 1.0% | -11.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 210.6K | $15.1M | 1.0% | +31.1% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 152.0K | $15.1M | 1.0% | +204.0% |
| AMAT APPLIED MATERIALS INC | Technology | 41.7K | $14.2M | 0.9% | Held |
| PFE PFIZER INC | Healthcare | 505.8K | $14.2M | 0.9% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 100.0K | $13.1M | 0.9% | Held |
| AMGN AMGEN INC | Healthcare | 30.0K | $10.6M | 0.7% | Held |
| BA BOEING CO/THE | Industrials | 52.1K | $10.4M | 0.7% | New |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 58.0K | $10.2M | 0.7% | +20.8% |
| NN NEXTNAV INC | Technology | 620.2K | $9.9M | 0.7% | -22.5% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 211.2K | $9.4M | 0.6% | -12.4% |
| IDYA IDEAYA BIOSCIENCES INC | Healthcare | 280.3K | $9.3M | 0.6% | Held |
| ARCO ARCOS DORADOS HOLDINGS INC-A | Consumer discretionary | 950.2K | $7.8M | 0.5% | Held |
| MET METLIFE INC | Financials | 90.3K | $6.4M | 0.4% | -35.6% |
| NOW SERVICENOW INC | Technology | 60.0K | $6.3M | 0.4% | New |
| UEC URANIUM ENERGY CORP | Materials | 454.9K | $6.1M | 0.4% | -9.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 69 | $1.52B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 81 | $1.77B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 80 | $1.73B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 71 | $1.56B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 67 | $1.37B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 64 | $1.44B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 71 | $1.45B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 72 | $1.44B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 75 | $1.40B | canonical | SEC ↗ |
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