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GENERAL AMERICAN INVESTORS CO INC

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13F filer, CIK 40417, NEW YORK, NY

GENERAL AMERICAN INVESTORS CO INC reported $1,772,348,696 across 79 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 46.62% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000040417-26-000031

Period
2025-12-31
Reported value
$1.77B
Holdings
79
Top 10 weight
46.62%
New
9
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ONTOnew+80,000$12.6M
SPRYnew+559,959$6.52M
RVMDnew+64,045$5.1M
MRVIadded+1,448,907$4.71M
COLBnew+165,556$4.63M

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
THCreduced-61,601-$12.2M
AEMreduced-60,728-$10.3M
DHRexited-50,010-$9.91M
AGIreduced-231,219-$8.92M
ADBEexited-20,006-$7.06M

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, Q4 2025

Share positions as resolved from 13F-HR 0000040417-26-000031, largest first. % of portfolio is the value over $1,606,259,196, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 419,923 shares; 2024Q4: 409,923 shares; 2025Q1: 399,923 shares; 2025Q2: 294,923 shares; 2025Q3: 294,923 shares; 2025Q4: 294,923 shares 294,923$92.5M5.76%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 180,000 shares; 2025Q1: 180,000 shares; 2025Q2: 180,000 shares; 2025Q3: 180,000 shares; 2025Q4: 180,000 shares 180,000$87.1M5.42%0Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 110 shares; 2024Q4: 110 shares; 2025Q1: 110 shares; 2025Q2: 110 shares; 2025Q3: 110 shares; 2025Q4: 110 shares 110$83M5.17%0Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 525,092 shares; 2024Q4: 525,092 shares; 2025Q1: 525,092 shares; 2025Q2: 525,092 shares; 2025Q3: 525,092 shares; 2025Q4: 525,092 shares 525,092$80.7M5.02%0Timeline
RSGREPUBLIC SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 395,625 shares; 2024Q4: 395,625 shares; 2025Q1: 380,625 shares; 2025Q2: 355,625 shares; 2025Q3: 355,625 shares; 2025Q4: 355,625 shares 355,625$75.4M4.69%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 316,000 shares; 2024Q4: 316,000 shares; 2025Q1: 291,000 shares; 2025Q2: 291,000 shares; 2025Q3: 280,705 shares; 2025Q4: 275,705 shares 275,705$75M4.67%-5,000Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,000 shares; 2024Q4: 62,000 shares; 2025Q1: 62,000 shares; 2025Q2: 62,000 shares; 2025Q3: 62,000 shares; 2025Q4: 62,000 shares 62,000$66.3M4.13%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 286,000 shares; 2024Q4: 286,000 shares; 2025Q1: 286,000 shares; 2025Q2: 286,000 shares; 2025Q3: 286,000 shares; 2025Q4: 286,000 shares 286,000$66M4.11%0Timeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 110,000 shares; 2024Q4: 110,000 shares; 2025Q1: 110,000 shares; 2025Q2: 110,000 shares; 2025Q3: 100,000 shares; 2025Q4: 100,000 shares 100,000$65.4M4.07%0Timeline
ACGLARCH CAP GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 600,000 shares; 2024Q4: 600,000 shares; 2025Q1: 600,000 shares; 2025Q2: 600,000 shares; 2025Q3: 600,000 shares; 2025Q4: 600,000 shares 600,000$57.6M3.58%0Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,000 shares; 2024Q4: 190,000 shares; 2025Q1: 190,000 shares; 2025Q2: 190,000 shares; 2025Q3: 163,000 shares; 2025Q4: 143,000 shares 143,000$49.5M3.08%-20,000Timeline
EGEVEREST GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,686 shares; 2024Q4: 144,286 shares; 2025Q1: 144,286 shares; 2025Q2: 144,286 shares; 2025Q3: 144,286 shares; 2025Q4: 129,196 shares 129,196$43.8M2.73%-15,090Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 504,230 shares; 2024Q4: 504,230 shares; 2025Q1: 504,230 shares; 2025Q2: 454,230 shares; 2025Q3: 439,230 shares; 2025Q4: 389,230 shares 389,230$35.6M2.22%-50,000Timeline
NNINELNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 243,415 shares; 2024Q4: 243,415 shares; 2025Q1: 243,415 shares; 2025Q2: 243,415 shares; 2025Q3: 243,415 shares; 2025Q4: 243,415 shares 243,415$32.4M2.01%0Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 415,000 shares; 2024Q4: 415,000 shares; 2025Q1: 355,000 shares; 2025Q2: 305,000 shares; 2025Q3: 240,000 shares; 2025Q4: 179,272 shares 179,272$30.4M1.89%-60,728Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 60,000 shares; 2025Q1: 59,379 shares; 2025Q2: 160,979 shares; 2025Q3: 160,979 shares; 2025Q4: 160,979 shares 160,979$30M1.87%0Timeline
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 207,350 shares; 2024Q4: 207,350 shares; 2025Q1: 212,350 shares; 2025Q2: 377,350 shares; 2025Q3: 377,350 shares; 2025Q4: 377,350 shares 377,350$29.9M1.86%0Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,000 shares; 2024Q4: 38,500 shares; 2025Q1: 34,500 shares; 2025Q2: 34,500 shares; 2025Q3: 33,000 shares; 2025Q4: 33,000 shares 33,000$28.5M1.77%0Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,000 shares; 2024Q4: 165,000 shares; 2025Q1: 165,000 shares; 2025Q2: 165,000 shares; 2025Q3: 165,000 shares; 2025Q4: 155,000 shares 155,000$28.4M1.77%-10,000Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,000 shares; 2024Q4: 80,000 shares; 2025Q1: 80,000 shares; 2025Q2: 80,000 shares; 2025Q3: 80,000 shares; 2025Q4: 80,000 shares 80,000$25.8M1.6%0Timeline
REGNREGENERON PHARMACEUTICALSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,876 shares; 2024Q4: 14,876 shares; 2025Q1: 14,876 shares; 2025Q2: 9,876 shares; 2025Q3: 31,362 shares; 2025Q4: 31,362 shares 31,362$24.2M1.51%0Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 204,326 shares; 2024Q4: 204,326 shares; 2025Q1: 204,326 shares; 2025Q2: 204,326 shares; 2025Q3: 204,326 shares; 2025Q4: 204,326 shares 204,326$21.5M1.34%0Timeline
TYLTYLER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,381 shares; 2024Q4: 41,381 shares; 2025Q1: 41,381 shares; 2025Q2: 41,381 shares; 2025Q3: 44,381 shares; 2025Q4: 46,681 shares 46,681$21.2M1.32%+2,300Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,000 shares; 2024Q4: 27,000 shares; 2025Q1: 27,000 shares; 2025Q2: 32,000 shares; 2025Q3: 32,000 shares; 2025Q4: 32,000 shares 32,000$21.1M1.32%0Timeline
LHXL3HARRIS TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,785 shares; 2024Q4: 70,785 shares; 2025Q1: 70,785 shares; 2025Q2: 70,785 shares; 2025Q3: 70,785 shares; 2025Q4: 70,785 shares 70,785$20.8M1.29%0Timeline
EXPEEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,157 shares; 2024Q4: 173,157 shares; 2025Q1: 173,157 shares; 2025Q2: 143,157 shares; 2025Q3: 73,157 shares; 2025Q4: 73,157 shares 73,157$20.7M1.29%0Timeline
MTBM & T BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,100 shares; 2024Q4: 101,100 shares; 2025Q1: 101,100 shares; 2025Q2: 101,100 shares; 2025Q3: 101,100 shares; 2025Q4: 101,100 shares 101,100$20.4M1.27%0Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,000 shares; 2024Q4: 160,000 shares; 2025Q1: 160,000 shares; 2025Q2: 160,000 shares; 2025Q3: 160,000 shares; 2025Q4: 140,000 shares 140,000$20.1M1.25%-20,000Timeline
ANETARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 164,679 shares; 2025Q3: 150,679 shares; 2025Q4: 140,679 shares 140,679$18.4M1.15%-10,000Timeline
TAT&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 906,602 shares; 2024Q4: 906,602 shares; 2025Q1: 806,602 shares; 2025Q2: 724,639 shares; 2025Q3: 724,639 shares; 2025Q4: 724,639 shares 724,639$18M1.12%0Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,100 shares; 2024Q4: 146,100 shares; 2025Q1: 146,100 shares; 2025Q2: 146,100 shares; 2025Q3: 146,100 shares; 2025Q4: 146,100 shares 146,100$17.6M1.09%0Timeline
DDOMINION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 290,000 shares; 2024Q4: 290,000 shares; 2025Q1: 290,000 shares; 2025Q2: 290,000 shares; 2025Q3: 290,000 shares; 2025Q4: 290,000 shares 290,000$17M1.06%0Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,020,030 shares 1,020,030$16.8M1.05%0Timeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,900 shares; 2024Q4: 119,900 shares; 2025Q1: 119,900 shares; 2025Q2: 119,900 shares; 2025Q3: 119,900 shares; 2025Q4: 119,900 shares 119,900$14.7M0.92%0Timeline
NNNEXTNAV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 800,210 shares 800,210$13.3M0.83%-176,765Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 81,991 shares; 2024Q4: 86,391 shares; 2025Q1: 86,391 shares; 2025Q2: 86,391 shares; 2025Q3: 86,391 shares; 2025Q4: 86,391 shares 86,391$13.2M0.82%0Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,583 shares; 2024Q4: 115,583 shares; 2025Q1: 115,583 shares; 2025Q2: 115,583 shares; 2025Q3: 160,583 shares; 2025Q4: 160,583 shares 160,583$13.1M0.82%0Timeline
ONTOONTO INNOVATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 80,000 shares 80,000$12.6M0.79%newTimeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 540,808 shares; 2024Q4: 515,808 shares; 2025Q1: 515,808 shares; 2025Q2: 515,808 shares; 2025Q3: 505,808 shares; 2025Q4: 505,808 shares 505,808$12.6M0.78%0Timeline
VYXNCR VOYIX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 541,727 shares; 2025Q2: 827,556 shares; 2025Q3: 1,090,007 shares; 2025Q4: 1,180,314 shares 1,180,314$12M0.75%+90,307Timeline
AEPAMERICAN ELEC PWR CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,000 shares; 2025Q4: 100,000 shares 100,000$11.5M0.72%0Timeline
METMETLIFE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 220,327 shares; 2024Q4: 220,327 shares; 2025Q1: 220,327 shares; 2025Q2: 160,327 shares; 2025Q3: 140,327 shares; 2025Q4: 140,327 shares 140,327$11.1M0.69%0Timeline
VEEVVEEVA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,457 shares; 2024Q4: 49,457 shares; 2025Q1: 29,457 shares; 2025Q2: 48,006 shares; 2025Q3: 48,006 shares; 2025Q4: 48,006 shares 48,006$10.7M0.67%0Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,652 shares; 2024Q4: 61,652 shares; 2025Q1: 71,652 shares; 2025Q2: 41,652 shares; 2025Q3: 41,652 shares; 2025Q4: 41,652 shares 41,652$10.7M0.67%0Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 35,000 shares; 2025Q1: 35,000 shares; 2025Q2: 30,000 shares; 2025Q3: 30,000 shares; 2025Q4: 30,000 shares 30,000$9.82M0.61%0Timeline
IDYAIDEAYA BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,000 shares; 2024Q4: 120,261 shares; 2025Q1: 260,261 shares; 2025Q2: 260,261 shares; 2025Q3: 280,261 shares; 2025Q4: 280,261 shares 280,261$9.69M0.6%0Timeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 672,438 shares; 2024Q4: 672,438 shares; 2025Q1: 597,438 shares; 2025Q2: 472,438 shares; 2025Q3: 472,438 shares; 2025Q4: 241,219 shares 241,219$9.31M0.58%-231,219Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 60,000 shares; 2025Q3: 40,000 shares; 2025Q4: 30,000 shares 30,000$7.95M0.49%-10,000Timeline
OLEDUNIVERSAL DISPLAY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,009 shares; 2024Q4: 65,009 shares; 2025Q1: 65,009 shares; 2025Q2: 65,009 shares; 2025Q3: 65,009 shares; 2025Q4: 65,009 shares 65,009$7.59M0.47%0Timeline
ARCOARCOS DORADOS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 381,694 shares; 2025Q2: 431,694 shares; 2025Q3: 700,178 shares; 2025Q4: 950,178 shares 950,178$6.97M0.43%+250,000Timeline
INDIINDIE SEMICONDUCTOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,954,849 shares 1,954,849$6.9M0.43%+250,000Timeline
SPRYARS PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 559,959 shares 559,959$6.52M0.41%newTimeline
THCTENET HEALTHCARE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,601 shares; 2024Q4: 106,601 shares; 2025Q1: 106,601 shares; 2025Q2: 106,601 shares; 2025Q3: 91,601 shares; 2025Q4: 30,000 shares 30,000$5.96M0.37%-61,601Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,611 shares; 2024Q4: 30,611 shares; 2025Q1: 30,611 shares; 2025Q2: 30,611 shares; 2025Q3: 30,611 shares; 2025Q4: 30,611 shares 30,611$5.86M0.37%0Timeline
UECURANIUM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,107,974 shares; 2025Q2: 1,107,974 shares; 2025Q3: 500,000 shares; 2025Q4: 500,000 shares 500,000$5.84M0.36%0Timeline
MRVIMARAVAI LIFESCIENCES HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 136,409 shares; 2025Q4: 1,585,316 shares 1,585,316$5.15M0.32%+1,448,907Timeline
RVMDREVOLUTION MEDICINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 64,045 shares 64,045$5.1M0.32%newTimeline
IAUXI-80 GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,474,389 shares 3,474,389$5.07M0.32%-752,604Timeline
COLBCOLUMBIA BKG SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 165,556 shares 165,556$4.63M0.29%newTimeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 957,591 shares; 2024Q4: 957,591 shares; 2025Q1: 957,591 shares; 2025Q2: 957,591 shares; 2025Q3: 957,591 shares; 2025Q4: 957,591 shares 957,591$4.44M0.28%0Timeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 84,900 shares; 2025Q4: 50,000 shares 50,000$4.25M0.26%-34,900Timeline
BBBLACKBERRY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,026,996 shares 1,026,996$3.89M0.24%newTimeline
VALNVALNEVA SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 354,361 shares; 2024Q4: 354,361 shares; 2025Q1: 354,361 shares; 2025Q2: 354,361 shares; 2025Q3: 354,361 shares; 2025Q4: 354,361 shares 354,361$3.13M0.19%0Timeline
ADXADAMS DIVERSIFIED EQUITY FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 131,124 shares; 2024Q4: 131,124 shares; 2025Q1: 131,124 shares; 2025Q2: 131,124 shares; 2025Q3: 131,124 shares; 2025Q4: 131,124 shares 131,124$3.06M0.19%0Timeline
VOEVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,700 shares; 2024Q4: 13,700 shares; 2025Q1: 13,700 shares; 2025Q2: 13,700 shares; 2025Q3: 13,700 shares; 2025Q4: 13,700 shares 13,700$2.43M0.15%0Timeline
RVTROYCE SMALL CAP TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,877 shares; 2024Q4: 150,877 shares; 2025Q1: 150,877 shares; 2025Q2: 150,877 shares; 2025Q3: 150,877 shares; 2025Q4: 150,877 shares 150,877$2.43M0.15%0Timeline
NOBLPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,500 shares; 2024Q4: 17,500 shares; 2025Q1: 17,500 shares; 2025Q2: 17,500 shares; 2025Q3: 17,500 shares; 2025Q4: 22,500 shares 22,500$2.34M0.15%+5,000Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 243,593 shares; 2024Q4: 243,593 shares; 2025Q1: 243,593 shares; 2025Q2: 243,593 shares; 2025Q3: 243,593 shares; 2025Q4: 100,593 shares 100,593$1.34M0.08%-143,000Timeline

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
MSFTMICROSOFT CORP COMput140,000$65.7M+70,000
GOOGALPHABET INC COMput100,000$30.5M-75,000
TJXTJX COS INC NEW COMput100,000$14.5M-30,000
EXPEEXPEDIA GROUP INC Stockput50,000$14Mnew
AAPLAPPLE INC COMput50,000$13.5M0
CCJCAMECO CORP Stockput75,000$7.12M+34,200
RTXRTX CORPORATION COMput37,200$6.51Mnew
THCTENET HEALTHCARE CORP Stockput30,000$5.85M0
METMETLIFE INC Stockput50,000$3.88Mnew
UECURANIUM ENERGY CORP Stockput200,000$2.6M0
SOLVSOLVENTUM CORP Stockput22,700$1.93Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
AVGOBROADCOM INC50,000$15Mput
DHRDANAHER CORP DEL50,010$9.91Mshares
ADBEADOBE INC20,006$7.06Mshares
ASTLALGOMA STL GROUP INC280,136$996Kshares
ALMALMONTY INDS INC40,721$246Kshares

How Q4 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 0000040417-26-000031 base2026-02-13acceptance time not in the bulk data set