General American Investors Reports Q2 2025 Financials, Net Assets at $1.485 Billion

General American Investors filed its Certified Shareholder Report for the six-month period ended June 30, 2025. The report indicates that as of June 30, 2025, the company's net assets applicable to common stock were $1.485 billion, with net assets per common share at $63.79. Net investment income was $5.95 million, and net gain on investments was $144.43 million. The largest stock holdings in the portfolio included Microsoft, Republic Services, Berkshire Hathaway, TJX Companies, and Amazon.

General American Investors Company, Inc. (GAM), a closed-end investment company listed on the New York Stock Exchange, has filed its Certified Shareholder Report (Form N-CSR) for the six-month period ended June 30, 2025. The report, available at the SEC’s website and the company’s website, provides an overview of the company’s financial performance and portfolio composition during the period.

Key highlights from the Semi-Annual Report include:

- Net Assets Applicable to Common Stock: As of June 30, 2025, the company's net assets applicable to common stock stood at $1,485,083,433, compared to $1,402,088,131 for the same period in 2024. This represents a growth of approximately 5.9% year-over-year.
- Net Assets Per Common Share: The net assets per common share increased to $63.79 as of June 30, 2025, up from $60.14 in the same period last year.
- Net Investment Income: The company reported net investment income of $5,949,971 for the six-month period, a slight increase from $5,740,826 in the previous year.
- Net Gain on Investments: The net gain on investments was $144,433,108, representing a significant decrease from the previous year's $188,287,805.
- Common Shares Outstanding: The number of common shares outstanding remained relatively stable at 23,279,512.

The largest stock holdings in the company’s portfolio as of June 30, 2025, included Microsoft, Republic Services, Berkshire Hathaway, TJX Companies, and Amazon. These holdings reflect the company’s diversified investment strategy, which aims to balance risk and return.

The report also notes that the net assets per share calculation includes distributions of $4.07 per share from net long-term capital gains and a dividend of $0.43 per share paid in December 2024, as well as a distribution of $0.25 per share from long-term capital gains paid in March 2025.

The Semi-Annual Report is expected to be mailed to stockholders shortly. Investors and financial professionals are encouraged to review the full report for a comprehensive understanding of the company’s financial performance and investment strategies.

References:
[1] https://www.businesswire.com/news/home/20250801683720/en/General-American-Investors-Files-Certified-Shareholder-Report-for-Period-Ended-June-30-2025
[2] https://www.stocktitan.net/news/GAM/general-american-investors-files-certified-shareholder-report-for-rzrf2o78ho8a.html