General American Investors Co. Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), General American Investors Co. Inc. reported 67 stock positions worth $1.6 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 5.2%) and Republic Services (RSG, 5.1%). Compared with Q2 2025, it opened 4 new positions, sold out of 1, added to 6 and reduced 17. The biggest buy was Regeneron Pharmaceuticals (REGN, shares +218%) and the biggest sale Expedia (EXPE, shares −49%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0000040417
Portfolio Value
$1.6B (Q3 2025)
SEC Filing
0000040417-25-000050 ↗ filed Oct 31, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.6B $1.6B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 67 stocks · $1.6B
MSFT Microsoft Corp. 5.83% 180,000 $93.2M No change
BRK.A Berkshire Hathaway Inc. Class A 5.19% 110 $83.0M No change
RSG Republic Services Inc. 5.11% 355,625 $81.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.75% 525,092 $75.9M No change
GOOG Alphabet Inc. Class C 4.50% 294,923 $71.8M No change
AAPL Apple Inc. 4.47% 280,705 $71.5M Reduce -3.5%
AMZN Amazon.com Inc. 3.93% 286,000 $62.8M No change
GEV GE Vernova Inc. 3.85% 100,000 $61.5M Reduce -9.1%
ASML ASML Holding NV-NY Reg SHS 3.76% 62,000 $60.0M No change
ACGL Arch Capital Group Ltd. 3.41% 600,000 $54.4M No change
AVGO Broadcom Inc. 3.37% 163,000 $53.8M Reduce -14.2%
EG Everest Group Ltd. 3.16% 144,286 $50.5M No change
AEM Agnico Eagle Mines Ltd. 2.53% 240,000 $40.5M Reduce -21.3%
CCJ Cameco Corp. 2.31% 439,230 $36.8M Reduce -3.3%
COST Costco Wholesale Corp. 1.91% 33,000 $30.5M Reduce -4.3%
NNI Nelnet Inc. Class A 1.91% 243,415 $30.5M No change
NVDA Nvidia Corp. 1.88% 160,979 $30.0M No change
RTX RTX Corp. 1.73% 165,000 $27.6M No change
SOLV Solventum Corp. 1.72% 377,350 $27.5M No change
JPM JPMorgan Chase & Co. 1.58% 80,000 $25.2M No change
META Meta Platforms Inc. Class A 1.47% 32,000 $23.5M No change
TYL Tyler Technologies Inc. 1.45% 44,381 $23.2M Add +7.3%
PEP Pepsico Inc. 1.41% 160,000 $22.5M No change
ANET Arista Networks Inc. 1.37% 150,679 $22.0M Reduce -8.5%
LHX L3HARRIS Technologies Inc. 1.35% 70,785 $21.6M No change
T AT&T Inc. 1.28% 724,639 $20.5M No change
MTB M & T Bank Corp. filed as M & T BK CORP 1.25% 101,100 $20.0M No change
THC Tenet Healthcare Corp. 1.16% 91,601 $18.6M Reduce -14.1%
D Dominion Energy Inc. 1.11% 290,000 $17.7M No change
REGN Regeneron Pharmaceuticals 1.10% 31,362 $17.6M Add +217.6%
ET Energy Transfer LP 1.10% 1,020,030 $17.5M No change
MRK Merck & Co. Inc. 1.07% 204,326 $17.1M No change
XOM Exxon Mobil Corp. 1.03% 146,100 $16.5M No change
AGI Alamos Gold Inc. Class A 1.03% 472,438 $16.5M No change
UBER Uber Technologies Inc. 0.98% 160,583 $15.7M Add +38.9%
EXPE Expedia Group Inc. 0.98% 73,157 $15.6M Reduce -48.9%
VEEV Veeva Systems Inc. Class A 0.90% 48,006 $14.3M No change
NN Nextnav Inc. 0.87% 976,975 $14.0M Reduce -12.8%
VYX NCR Voyix Corp. 0.86% 1,090,007 $13.7M Add +31.7%
CVX Chevron Corp. 0.84% 86,391 $13.4M No change
GILD Gilead Sciences Inc. 0.83% 119,900 $13.3M No change
PFE Pfizer Inc. 0.81% 505,808 $12.9M Reduce -1.9%
MET Metlife Inc. 0.72% 140,327 $11.6M Reduce -12.5%
AEP American Electric Power 0.70% 100,000 $11.3M New
DHR Danaher Corp. 0.62% 50,010 $9.9M No change
CRM Salesforce Inc. 0.59% 40,000 $9.5M Reduce -33.3%
OLED Universal Display Corp. 0.58% 65,009 $9.3M No change
AMAT Applied Materials Inc. 0.53% 41,652 $8.5M No change
AMGN Amgen Inc. 0.53% 30,000 $8.5M No change
IDYA Ideaya Biosciences Inc. 0.48% 280,261 $7.6M Add +7.7%
MRVL Marvell Technology Inc. 0.45% 84,900 $7.1M New
ADBE Adobe Inc. 0.44% 20,006 $7.1M Reduce -23.1%
INDI Indie Semiconductor Inc. Class A 0.43% 1,704,849 $6.9M Reduce -7.7%
UEC Uranium Energy Corp. 0.42% 500,000 $6.7M Reduce -54.9%
RSP Invesco S&P 500 Equal Weight 0.36% 30,611 $5.8M No change
ARCO Arcos Dorados Holdings Inc. Class A 0.30% 700,178 $4.7M Add +62.2%
GSM Ferroglobe PLC 0.27% 957,591 $4.4M No change
VALN Valneva SE - ADR 0.27% 354,361 $4.3M No change
IAUX I-80 Gold Corp. 0.25% 4,226,993 $4.0M No change
CLF Cleveland-Cliffs Inc. 0.19% 243,593 $3.0M No change
ADX Adams Diversified Equity 0.18% 131,124 $2.9M No change
RVT Royce Small-Cap Trust Inc. 0.15% 150,877 $2.4M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.15% 13,700 $2.4M No change
NOBL Proshares S&P 500 Dividend A 0.11% 17,500 $1.8M No change
ASTL Algoma Steel Group Inc. 0.06% 280,136 $996K Reduce -65.7%
MRVI Maravai Lifesciences Hldgs-A 0.02% 136,409 $391K New
ALM Almonty Industries Inc. 0.02% 40,721 $246K New

Options reported separately and not counted above: GOOG puts ($37.3M), MSFT puts ($35.5M), TJX puts ($17.1M), AVGO puts ($15.0M), AAPL puts ($11.3M), THC puts ($5.5M), CCJ puts ($2.9M), UEC puts ($2.6M).

Portfolio Sells Q2 2025 → Q3 2025
EXPE Expedia Group Inc. Reduce -48.9% 0.98% −0.64
CRM Salesforce Inc. Reduce -33.3% 0.59% −0.51
COST Costco Wholesale Corp. Reduce -4.3% 1.91% −0.38
ASTL Algoma Steel Group Inc. Reduce -65.7% 0.06% −0.32
NN Nextnav Inc. Reduce -12.8% 0.87% −0.27
SIGA Siga Technologies Inc. Sold out 0.00% −0.24
ADBE Adobe Inc. Reduce -23.1% 0.44% −0.23
AVGO Broadcom Inc. Reduce -14.2% 3.37% −0.15
MET Metlife Inc. Reduce -12.5% 0.72% −0.14
THC Tenet Healthcare Corp. Reduce -14.1% 1.16% −0.10
UEC Uranium Energy Corp. Reduce -54.9% 0.42% −0.09
GEV GE Vernova Inc. Reduce -9.1% 3.85% −0.06
PFE Pfizer Inc. Reduce -1.9% 0.81% −0.03
INDI Indie Semiconductor Inc. Class A Reduce -7.7% 0.43% −0.01
CCJ Cameco Corp. Reduce -3.3% 2.31% +0.04
AEM Agnico Eagle Mines Ltd. Reduce -21.3% 2.53% +0.10
ANET Arista Networks Inc. Reduce -8.5% 1.37% +0.24
AAPL Apple Inc. Reduce -3.5% 4.47% +0.46

Portfolio Buys Q2 2025 → Q3 2025
REGN Regeneron Pharmaceuticals Add +217.6% 1.10% +0.76
AEP American Electric Power New 0.70% +0.70
MRVL Marvell Technology Inc. New 0.45% +0.45
UBER Uber Technologies Inc. Add +38.9% 0.98% +0.26
VYX NCR Voyix Corp. Add +31.7% 0.86% +0.20
IDYA Ideaya Biosciences Inc. Add +7.7% 0.48% +0.11
ARCO Arcos Dorados Holdings Inc. Class A Add +62.2% 0.30% +0.07
MRVI Maravai Lifesciences Hldgs-A New 0.02% +0.02
ALM Almonty Industries Inc. New 0.02% +0.02
TYL Tyler Technologies Inc. Add +7.3% 1.45% −0.19

Options Activity Q2 2025 → Q3 2025
GOOG Alphabet Inc. Class C put New 175,000 $37.3M
MSFT Microsoft Corp. put Add +40.0% 70,000 $35.5M
TJX TJX Companies Inc. put Add +62.5% 130,000 $17.1M
AAPL Apple Inc. put Add +25.0% 50,000 $11.3M
GEV GE Vernova Inc. put Sold out 20,000 $9.6Mbefore exit
THC Tenet Healthcare Corp. put New 30,000 $5.5M
CCJ Cameco Corp. put Reduce -70.9% 40,800 $2.9M
UEC Uranium Energy Corp. put New 200,000 $2.6M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 69$1.6BASML, GEV, BRK.A, AAPL, GOOG
Q1 2026 68$1.5BGEV, BRK.A, TJX, RSG, ASML
Q4 2025 68$1.6BGOOG, MSFT, BRK.A, TJX, RSG
Q3 2025 67$1.6BMSFT, BRK.A, RSG, TJX, GOOG
Q2 2025 64$1.5BMSFT, RSG, BRK.A, TJX, AMZN
Q1 2025 63$1.3BRSG, BRK.A, MSFT, AAPL, TJX
Q4 2024 62$1.4BRSG, AAPL, GOOG, MSFT, BRK.A
Q3 2024 70$1.4BMSFT, RSG, BRK.A, AAPL, GOOG
Q2 2024 70$1.4BMSFT, RSG, GOOG, ASML, BRK.A
Q1 2024 70$1.3BMSFT, RSG, BRK.A, GOOG, ASML