Skip to content
Disclosery

GENERAL AMERICAN INVESTORS CO INC

Follow

13F filer, CIK 40417, NEW YORK, NY

GENERAL AMERICAN INVESTORS CO INC reported $1,725,167,458 across 75 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-31. Its ten largest share positions make up 44.79% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000040417-25-000050

Period
2025-09-30
Reported value
$1.73B
Holdings
75
Top 10 weight
44.79%
New
7
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
REGNadded+21,486$12.1M
AEPnew+100,000$11.2M
MRVLnew+84,900$7.14M
UBERadded+45,000$4.41M
VYXadded+262,451$3.29M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
EXPEreduced-70,000-$15M
AEMreduced-65,000-$11M
AVGOreduced-27,000-$8.91M
UECreduced-607,974-$8.11M
GEVreduced-10,000-$6.15M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0000040417-25-000050, largest first. % of portfolio is the value over $1,597,917,958, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 180,000 shares; 2025Q1: 180,000 shares; 2025Q2: 180,000 shares; 2025Q3: 180,000 shares 180,000$93.2M5.83%0Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 110 shares; 2024Q4: 110 shares; 2025Q1: 110 shares; 2025Q2: 110 shares; 2025Q3: 110 shares 110$83M5.19%0Timeline
RSGREPUBLIC SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 395,625 shares; 2024Q4: 395,625 shares; 2025Q1: 380,625 shares; 2025Q2: 355,625 shares; 2025Q3: 355,625 shares 355,625$81.6M5.11%0Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 525,092 shares; 2024Q4: 525,092 shares; 2025Q1: 525,092 shares; 2025Q2: 525,092 shares; 2025Q3: 525,092 shares 525,092$75.9M4.75%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 419,923 shares; 2024Q4: 409,923 shares; 2025Q1: 399,923 shares; 2025Q2: 294,923 shares; 2025Q3: 294,923 shares 294,923$71.8M4.5%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 316,000 shares; 2024Q4: 316,000 shares; 2025Q1: 291,000 shares; 2025Q2: 291,000 shares; 2025Q3: 280,705 shares 280,705$71.5M4.47%-10,295Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 286,000 shares; 2024Q4: 286,000 shares; 2025Q1: 286,000 shares; 2025Q2: 286,000 shares; 2025Q3: 286,000 shares 286,000$62.8M3.93%0Timeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 110,000 shares; 2024Q4: 110,000 shares; 2025Q1: 110,000 shares; 2025Q2: 110,000 shares; 2025Q3: 100,000 shares 100,000$61.5M3.85%-10,000Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,000 shares; 2024Q4: 62,000 shares; 2025Q1: 62,000 shares; 2025Q2: 62,000 shares; 2025Q3: 62,000 shares 62,000$60M3.76%0Timeline
ACGLARCH CAP GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 600,000 shares; 2024Q4: 600,000 shares; 2025Q1: 600,000 shares; 2025Q2: 600,000 shares; 2025Q3: 600,000 shares 600,000$54.4M3.41%0Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,000 shares; 2024Q4: 190,000 shares; 2025Q1: 190,000 shares; 2025Q2: 190,000 shares; 2025Q3: 163,000 shares 163,000$53.8M3.37%-27,000Timeline
EGEVEREST GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,686 shares; 2024Q4: 144,286 shares; 2025Q1: 144,286 shares; 2025Q2: 144,286 shares; 2025Q3: 144,286 shares 144,286$50.5M3.16%0Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 415,000 shares; 2024Q4: 415,000 shares; 2025Q1: 355,000 shares; 2025Q2: 305,000 shares; 2025Q3: 240,000 shares 240,000$40.5M2.53%-65,000Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 504,230 shares; 2024Q4: 504,230 shares; 2025Q1: 504,230 shares; 2025Q2: 454,230 shares; 2025Q3: 439,230 shares 439,230$36.8M2.31%-15,000Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,000 shares; 2024Q4: 38,500 shares; 2025Q1: 34,500 shares; 2025Q2: 34,500 shares; 2025Q3: 33,000 shares 33,000$30.5M1.91%-1,500Timeline
NNINELNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 243,415 shares; 2024Q4: 243,415 shares; 2025Q1: 243,415 shares; 2025Q2: 243,415 shares; 2025Q3: 243,415 shares 243,415$30.5M1.91%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 60,000 shares; 2025Q1: 59,379 shares; 2025Q2: 160,979 shares; 2025Q3: 160,979 shares 160,979$30M1.88%0Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,000 shares; 2024Q4: 165,000 shares; 2025Q1: 165,000 shares; 2025Q2: 165,000 shares; 2025Q3: 165,000 shares 165,000$27.6M1.73%0Timeline
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 207,350 shares; 2024Q4: 207,350 shares; 2025Q1: 212,350 shares; 2025Q2: 377,350 shares; 2025Q3: 377,350 shares 377,350$27.5M1.72%0Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,000 shares; 2024Q4: 80,000 shares; 2025Q1: 80,000 shares; 2025Q2: 80,000 shares; 2025Q3: 80,000 shares 80,000$25.2M1.58%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,000 shares; 2024Q4: 27,000 shares; 2025Q1: 27,000 shares; 2025Q2: 32,000 shares; 2025Q3: 32,000 shares 32,000$23.5M1.47%0Timeline
TYLTYLER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,381 shares; 2024Q4: 41,381 shares; 2025Q1: 41,381 shares; 2025Q2: 41,381 shares; 2025Q3: 44,381 shares 44,381$23.2M1.45%+3,000Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,000 shares; 2024Q4: 160,000 shares; 2025Q1: 160,000 shares; 2025Q2: 160,000 shares; 2025Q3: 160,000 shares 160,000$22.5M1.41%0Timeline
ANETARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 164,679 shares; 2025Q3: 150,679 shares 150,679$22M1.37%-14,000Timeline
LHXL3HARRIS TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,785 shares; 2024Q4: 70,785 shares; 2025Q1: 70,785 shares; 2025Q2: 70,785 shares; 2025Q3: 70,785 shares 70,785$21.6M1.35%0Timeline
TAT&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 906,602 shares; 2024Q4: 906,602 shares; 2025Q1: 806,602 shares; 2025Q2: 724,639 shares; 2025Q3: 724,639 shares 724,639$20.5M1.28%0Timeline
MTBM & T BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,100 shares; 2024Q4: 101,100 shares; 2025Q1: 101,100 shares; 2025Q2: 101,100 shares; 2025Q3: 101,100 shares 101,100$20M1.25%0Timeline
THCTENET HEALTHCARE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,601 shares; 2024Q4: 106,601 shares; 2025Q1: 106,601 shares; 2025Q2: 106,601 shares; 2025Q3: 91,601 shares 91,601$18.6M1.16%-15,000Timeline
DDOMINION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 290,000 shares; 2024Q4: 290,000 shares; 2025Q1: 290,000 shares; 2025Q2: 290,000 shares; 2025Q3: 290,000 shares 290,000$17.7M1.11%0Timeline
REGNREGENERON PHARMACEUTICALSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,876 shares; 2024Q4: 14,876 shares; 2025Q1: 14,876 shares; 2025Q2: 9,876 shares; 2025Q3: 31,362 shares 31,362$17.6M1.1%+21,486Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,020,030 shares; 2024Q4: 1,020,030 shares; 2025Q1: 1,020,030 shares; 2025Q2: 1,020,030 shares; 2025Q3: 1,020,030 shares 1,020,030$17.5M1.1%0Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 204,326 shares; 2024Q4: 204,326 shares; 2025Q1: 204,326 shares; 2025Q2: 204,326 shares; 2025Q3: 204,326 shares 204,326$17.1M1.07%0Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,100 shares; 2024Q4: 146,100 shares; 2025Q1: 146,100 shares; 2025Q2: 146,100 shares; 2025Q3: 146,100 shares 146,100$16.5M1.03%0Timeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 672,438 shares; 2024Q4: 672,438 shares; 2025Q1: 597,438 shares; 2025Q2: 472,438 shares; 2025Q3: 472,438 shares 472,438$16.5M1.03%0Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,583 shares; 2024Q4: 115,583 shares; 2025Q1: 115,583 shares; 2025Q2: 115,583 shares; 2025Q3: 160,583 shares 160,583$15.7M0.98%+45,000Timeline
EXPEEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,157 shares; 2024Q4: 173,157 shares; 2025Q1: 173,157 shares; 2025Q2: 143,157 shares; 2025Q3: 73,157 shares 73,157$15.6M0.98%-70,000Timeline
VEEVVEEVA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,457 shares; 2024Q4: 49,457 shares; 2025Q1: 29,457 shares; 2025Q2: 48,006 shares; 2025Q3: 48,006 shares 48,006$14.3M0.9%0Timeline
NNNEXTNAV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,666,948 shares; 2024Q4: 855,000 shares; 2025Q1: 1,120,227 shares; 2025Q2: 1,120,227 shares; 2025Q3: 976,975 shares 976,975$14M0.87%-143,252Timeline
VYXNCR VOYIX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 541,727 shares; 2025Q2: 827,556 shares; 2025Q3: 1,090,007 shares 1,090,007$13.7M0.86%+262,451Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 81,991 shares; 2024Q4: 86,391 shares; 2025Q1: 86,391 shares; 2025Q2: 86,391 shares; 2025Q3: 86,391 shares 86,391$13.4M0.84%0Timeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,900 shares; 2024Q4: 119,900 shares; 2025Q1: 119,900 shares; 2025Q2: 119,900 shares; 2025Q3: 119,900 shares 119,900$13.3M0.83%0Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 540,808 shares; 2024Q4: 515,808 shares; 2025Q1: 515,808 shares; 2025Q2: 515,808 shares; 2025Q3: 505,808 shares 505,808$12.9M0.81%-10,000Timeline
METMETLIFE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 220,327 shares; 2024Q4: 220,327 shares; 2025Q1: 220,327 shares; 2025Q2: 160,327 shares; 2025Q3: 140,327 shares 140,327$11.6M0.72%-20,000Timeline
AEPAMERICAN ELEC PWR CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,000 shares 100,000$11.2M0.7%newTimeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,010 shares; 2024Q4: 55,010 shares; 2025Q1: 50,010 shares; 2025Q2: 50,010 shares; 2025Q3: 50,010 shares 50,010$9.91M0.62%0Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 60,000 shares; 2025Q3: 40,000 shares 40,000$9.48M0.59%-20,000Timeline
OLEDUNIVERSAL DISPLAY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,009 shares; 2024Q4: 65,009 shares; 2025Q1: 65,009 shares; 2025Q2: 65,009 shares; 2025Q3: 65,009 shares 65,009$9.34M0.58%0Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,652 shares; 2024Q4: 61,652 shares; 2025Q1: 71,652 shares; 2025Q2: 41,652 shares; 2025Q3: 41,652 shares 41,652$8.53M0.53%0Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 35,000 shares; 2025Q1: 35,000 shares; 2025Q2: 30,000 shares; 2025Q3: 30,000 shares 30,000$8.47M0.53%0Timeline
IDYAIDEAYA BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,000 shares; 2024Q4: 120,261 shares; 2025Q1: 260,261 shares; 2025Q2: 260,261 shares; 2025Q3: 280,261 shares 280,261$7.63M0.48%+20,000Timeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 84,900 shares 84,900$7.14M0.45%newTimeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,500 shares; 2024Q4: 32,500 shares; 2025Q1: 31,006 shares; 2025Q2: 26,006 shares; 2025Q3: 20,006 shares 20,006$7.06M0.44%-6,000Timeline
INDIINDIE SEMICONDUCTOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,347,393 shares; 2024Q4: 1,095,168 shares; 2025Q1: 1,946,921 shares; 2025Q2: 1,846,921 shares; 2025Q3: 1,704,849 shares 1,704,849$6.94M0.43%-142,072Timeline
UECURANIUM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,107,974 shares; 2025Q2: 1,107,974 shares; 2025Q3: 500,000 shares 500,000$6.67M0.42%-607,974Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,611 shares; 2024Q4: 30,611 shares; 2025Q1: 30,611 shares; 2025Q2: 30,611 shares; 2025Q3: 30,611 shares 30,611$5.81M0.36%0Timeline
ARCOARCOS DORADOS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 381,694 shares; 2025Q2: 431,694 shares; 2025Q3: 700,178 shares 700,178$4.73M0.3%+268,484Timeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 957,591 shares; 2024Q4: 957,591 shares; 2025Q1: 957,591 shares; 2025Q2: 957,591 shares; 2025Q3: 957,591 shares 957,591$4.36M0.27%0Timeline
VALNVALNEVA SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 354,361 shares; 2024Q4: 354,361 shares; 2025Q1: 354,361 shares; 2025Q2: 354,361 shares; 2025Q3: 354,361 shares 354,361$4.32M0.27%0Timeline
IAUXI-80 GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,665,199 shares; 2024Q4: 2,979,371 shares; 2025Q1: 3,602,447 shares; 2025Q2: 4,226,993 shares; 2025Q3: 4,226,993 shares 4,226,993$4.04M0.25%0Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 243,593 shares; 2024Q4: 243,593 shares; 2025Q1: 243,593 shares; 2025Q2: 243,593 shares; 2025Q3: 243,593 shares 243,593$2.97M0.19%0Timeline
ADXADAMS DIVERSIFIED EQUITY FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 131,124 shares; 2024Q4: 131,124 shares; 2025Q1: 131,124 shares; 2025Q2: 131,124 shares; 2025Q3: 131,124 shares 131,124$2.92M0.18%0Timeline
RVTROYCE SMALL CAP TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,877 shares; 2024Q4: 150,877 shares; 2025Q1: 150,877 shares; 2025Q2: 150,877 shares; 2025Q3: 150,877 shares 150,877$2.43M0.15%0Timeline
VOEVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,700 shares; 2024Q4: 13,700 shares; 2025Q1: 13,700 shares; 2025Q2: 13,700 shares; 2025Q3: 13,700 shares 13,700$2.39M0.15%0Timeline
NOBLPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,500 shares; 2024Q4: 17,500 shares; 2025Q1: 17,500 shares; 2025Q2: 17,500 shares; 2025Q3: 17,500 shares 17,500$1.8M0.11%0Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 816,056 shares; 2024Q4: 816,056 shares; 2025Q1: 816,056 shares; 2025Q2: 816,056 shares; 2025Q3: 280,136 shares 280,136$996K0.06%-535,920Timeline
MRVIMARAVAI LIFESCIENCES HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 136,409 shares 136,409$391K0.02%newTimeline
ALMALMONTY INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 40,721 shares 40,721$246K0.02%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
GOOGALPHABET INC COMput175,000$37.3Mnew
MSFTMICROSOFT CORP COMput70,000$35.5M+20,000
TJXTJX COS INC NEW COMput130,000$17.1M+50,000
AVGOBROADCOM INC COMput50,000$15M0
AAPLAPPLE INC COMput50,000$11.2M+10,000
THCTENET HEALTHCARE CORP Stockput30,000$5.55Mnew
CCJCAMECO CORP Stockput40,800$2.86M-99,200
UECURANIUM ENERGY CORP Stockput200,000$2.6Mnew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
GEVGE VERNOVA INC20,000$9.6Mput
SIGASIGA TECHNOLOGIES INC539,738$3.52Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000040417-25-000050 base2025-10-31acceptance time not in the bulk data set