General American Investors Co. Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), General American Investors Co. Inc. reported 68 stock positions worth $1.6 billion. Its top holding was Alphabet Class C (GOOG) at 5.8% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Berkshire Hathaway Class A (BRK.A, 5.2%). Compared with Q3 2025, it opened 5 new positions, sold out of 4, added to 6 and reduced 15. The biggest buy was a new position in Onto Innovation (ONTO) and the biggest sale Tenet Healthcare (THC, shares −67%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0000040417
Portfolio Value
$1.6B (Q4 2025)
SEC Filing
0000040417-26-000031 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $1.6B $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 68 stocks · $1.6B
GOOG Alphabet Inc. Class C 5.76% 294,923 $92.5M No change
MSFT Microsoft Corp. 5.42% 180,000 $87.1M No change
BRK.A Berkshire Hathaway Inc. Class A 5.17% 110 $83.0M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 5.02% 525,092 $80.7M No change
RSG Republic Services Inc. 4.69% 355,625 $75.4M No change
AAPL Apple Inc. 4.67% 275,705 $75.0M Reduce -1.8%
ASML ASML Holding NV-NY Reg SHS 4.13% 62,000 $66.3M No change
AMZN Amazon.com Inc. 4.11% 286,000 $66.0M No change
GEV GE Vernova Inc. 4.07% 100,000 $65.4M No change
ACGL Arch Capital Group Ltd. 3.58% 600,000 $57.6M No change
AVGO Broadcom Inc. 3.08% 143,000 $49.5M Reduce -12.3%
EG Everest Group Ltd. 2.73% 129,196 $43.8M Reduce -10.5%
CCJ Cameco Corp. 2.22% 389,230 $35.6M Reduce -11.4%
NNI Nelnet Inc. Class A 2.01% 243,415 $32.4M No change
AEM Agnico Eagle Mines Ltd. 1.89% 179,272 $30.4M Reduce -25.3%
NVDA Nvidia Corp. 1.87% 160,979 $30.0M No change
SOLV Solventum Corp. 1.86% 377,350 $29.9M No change
COST Costco Wholesale Corp. 1.77% 33,000 $28.5M No change
RTX RTX Corp. 1.77% 155,000 $28.4M Reduce -6.1%
JPM JPMorgan Chase & Co. 1.60% 80,000 $25.8M No change
REGN Regeneron Pharmaceuticals 1.51% 31,362 $24.2M No change
MRK Merck & Co. Inc. 1.34% 204,326 $21.5M No change
TYL Tyler Technologies Inc. 1.32% 46,681 $21.2M Add +5.2%
META Meta Platforms Inc. Class A 1.31% 32,000 $21.1M No change
LHX L3HARRIS Technologies Inc. 1.29% 70,785 $20.8M No change
EXPE Expedia Group Inc. 1.29% 73,157 $20.7M No change
MTB M & T Bank Corp. filed as M & T BK CORP 1.27% 101,100 $20.4M No change
PEP Pepsico Inc. 1.25% 140,000 $20.1M Reduce -12.5%
ANET Arista Networks Inc. 1.15% 140,679 $18.4M Reduce -6.6%
T AT&T Inc. 1.12% 724,639 $18.0M No change
XOM Exxon Mobil Corp. 1.09% 146,100 $17.6M No change
D Dominion Energy Inc. 1.06% 290,000 $17.0M No change
ET Energy Transfer LP 1.05% 1,020,030 $16.8M No change
GILD Gilead Sciences Inc. 0.92% 119,900 $14.7M No change
NN Nextnav Inc. 0.83% 800,210 $13.3M Reduce -18.1%
CVX Chevron Corp. 0.82% 86,391 $13.2M No change
UBER Uber Technologies Inc. 0.82% 160,583 $13.1M No change
ONTO Onto Innovation Inc. 0.79% 80,000 $12.6M New
PFE Pfizer Inc. 0.78% 505,808 $12.6M No change
VYX NCR Voyix Corp. 0.75% 1,180,314 $12.0M Add +8.3%
AEP American Electric Power 0.72% 100,000 $11.5M No change
MET Metlife Inc. 0.69% 140,327 $11.1M No change
VEEV Veeva Systems Inc. Class A 0.67% 48,006 $10.7M No change
AMAT Applied Materials Inc. 0.67% 41,652 $10.7M No change
AMGN Amgen Inc. 0.61% 30,000 $9.8M No change
IDYA Ideaya Biosciences Inc. 0.60% 280,261 $9.7M No change
AGI Alamos Gold Inc. Class A 0.58% 241,219 $9.3M Reduce -48.9%
CRM Salesforce Inc. 0.49% 30,000 $7.9M Reduce -25.0%
OLED Universal Display Corp. 0.47% 65,009 $7.6M No change
ARCO Arcos Dorados Holdings Inc. Class A 0.43% 950,178 $7.0M Add +35.7%
INDI Indie Semiconductor Inc. Class A 0.43% 1,954,849 $6.9M Add +14.7%
SPRY Ars Pharmaceuticals Inc. 0.41% 559,959 $6.5M New
THC Tenet Healthcare Corp. 0.37% 30,000 $6.0M Reduce -67.3%
RSP Invesco S&P 500 Equal Weight 0.37% 30,611 $5.9M No change
UEC Uranium Energy Corp. 0.36% 500,000 $5.8M No change
MRVI Maravai Lifesciences Hldgs-A 0.32% 1,585,316 $5.2M Add +1062.2%
RVMD Revolution Medicines Inc. 0.32% 64,045 $5.1M New
IAUX I-80 Gold Corp. 0.32% 3,474,389 $5.1M Reduce -17.8%
COLB Columbia Banking System Inc. 0.29% 165,556 $4.6M New
GSM Ferroglobe PLC 0.28% 957,591 $4.4M No change
MRVL Marvell Technology Inc. 0.26% 50,000 $4.2M Reduce -41.1%
BB Blackberry Ltd. 0.24% 1,026,996 $3.9M New
VALN Valneva SE - ADR 0.19% 354,361 $3.1M No change
ADX Adams Diversified Equity 0.19% 131,124 $3.1M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.15% 13,700 $2.4M No change
RVT Royce Small-Cap Trust Inc. 0.15% 150,877 $2.4M No change
NOBL Proshares S&P 500 Dividend A 0.15% 22,500 $2.3M Add +28.6%
CLF Cleveland-Cliffs Inc. 0.08% 100,593 $1.3M Reduce -58.7%

Options reported separately and not counted above: MSFT puts ($65.7M), GOOG puts ($30.5M), TJX puts ($14.5M), EXPE puts ($14.0M), AAPL puts ($13.5M), CCJ puts ($7.1M), RTX puts ($6.5M), THC puts ($5.8M), MET puts ($3.9M), UEC puts ($2.6M), SOLV puts ($1.9M).

Portfolio Sells Q3 2025 → Q4 2025
THC Tenet Healthcare Corp. Reduce -67.3% 0.37% −0.79
AEM Agnico Eagle Mines Ltd. Reduce -25.3% 1.89% −0.64
DHR Danaher Corp. Sold out 0.00% −0.62
AGI Alamos Gold Inc. Class A Reduce -48.9% 0.58% −0.45
ADBE Adobe Inc. Sold out 0.00% −0.44
EG Everest Group Ltd. Reduce -10.5% 2.73% −0.43
AVGO Broadcom Inc. Reduce -12.3% 3.08% −0.28
ANET Arista Networks Inc. Reduce -6.6% 1.15% −0.23
MRVL Marvell Technology Inc. Reduce -41.1% 0.26% −0.18
PEP Pepsico Inc. Reduce -12.5% 1.25% −0.16
CLF Cleveland-Cliffs Inc. Reduce -58.7% 0.08% −0.10
CRM Salesforce Inc. Reduce -25.0% 0.49% −0.10
CCJ Cameco Corp. Reduce -11.4% 2.22% −0.09
ASTL Algoma Steel Group Inc. Sold out 0.00% −0.06
NN Nextnav Inc. Reduce -18.1% 0.83% −0.05
ALM Almonty Industries Inc. Sold out 0.00% −0.02
RTX RTX Corp. Reduce -6.1% 1.77% +0.04
IAUX I-80 Gold Corp. Reduce -17.8% 0.32% +0.06
AAPL Apple Inc. Reduce -1.8% 4.67% +0.19

Portfolio Buys Q3 2025 → Q4 2025
ONTO Onto Innovation Inc. New 0.79% +0.79
SPRY Ars Pharmaceuticals Inc. New 0.41% +0.41
RVMD Revolution Medicines Inc. New 0.32% +0.32
MRVI Maravai Lifesciences Hldgs-A Add +1062.2% 0.32% +0.30
COLB Columbia Banking System Inc. New 0.29% +0.29
BB Blackberry Ltd. New 0.24% +0.24
ARCO Arcos Dorados Holdings Inc. Class A Add +35.7% 0.43% +0.14
NOBL Proshares S&P 500 Dividend A Add +28.6% 0.15% +0.03
INDI Indie Semiconductor Inc. Class A Add +14.7% 0.43% −0.00
VYX NCR Voyix Corp. Add +8.3% 0.75% −0.11
TYL Tyler Technologies Inc. Add +5.2% 1.32% −0.13

Options Activity Q3 2025 → Q4 2025
MSFT Microsoft Corp. put Add +100.0% 140,000 $65.7M
GOOG Alphabet Inc. Class C put Reduce -42.9% 100,000 $30.5M
AVGO Broadcom Inc. put Sold out 50,000 $15.0Mbefore exit
TJX TJX Companies Inc. put Reduce -23.1% 100,000 $14.5M
EXPE Expedia Group Inc. put New 50,000 $14.0M
CCJ Cameco Corp. put Add +83.8% 75,000 $7.1M
RTX RTX Corp. put New 37,200 $6.5M
MET Metlife Inc. put New 50,000 $3.9M
SOLV Solventum Corp. put New 22,700 $1.9M

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