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| Company Information | |
|---|---|
| Stock Exchange | NYSE |
| Common Stock Symbol | GAM |
| Preferred Stock Symbol | GAM Pr b |
| Common Stock Cusip | 368802104 |
| Preferred Stock Cusip | 368802401 |
| Quarter Ended Data 06/30/2024 | |
|---|---|
| NAV (XGAMX) | $60.14 |
| Common Closing Price | $49.72 |
| Preferred Liquidation Preference | $25.00 |
| Preferred Closing Price | $24.84 |
| Net Assets - Common | $1,402.1 mil. |
| Liquidation Value - Preferred | $190.0 mil. |
| Total | $1,593.1 mil. |
| Asset Coverage | 838% |
| Annual Data | |
|---|---|
| Expense Ratio | 1.35% |
| 2023 Dividend & Distribution | $2.65 |
Since March 1995, the Board of Directors has authorized the repurchase of Common Stock in the open market when the shares trade at a discount to net asset value of at least 8%. Through June 30, 2024, the Company has repurchased a total of 32.9 million shares of Common Stock at a total cost of $1.0 billion. During the six months ended June 30, 2024, 418,501 shares of Common Stock were repurchased at a cost of $19,318,784 a discount of 18.0% to net asset value.
| Industry Sector | % Common Net Assets* | ||
|---|---|---|---|
| Information Technology | 25.6% | ||
| Financials | 19.0% | ||
| Health Care | 10.8% | ||
| Industrials | 10.4% | ||
| Consumer Discretionary | 10.1% | ||
| Communication Services | 8.8% | ||
| Consumer Staples | 8.5% | ||
| Energy | 6.1% | ||
| Materials | 4.6% | ||
| Utilities | 1.0% | ||
| Other | 0.6% | ||
| Total Long-Term Investments | 105.5% | ||
| Cash, equivalents, receivables and other assets less liabilities | 8.1% | ||
| Preferred Stock, at liquidation value | -13.6% | ||
| Total Net Assets Applicable to Common Stock | 100.0% | ||
| * Net Assets Applicable to the Company's Common Stock |
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| Holding | Shares | Value | % Common Net Assets* |
|---|---|---|---|
Microsoft CorporationMicrosoft is a global provider of software, services, and hardware devices. The company produces the Windows operating system, Office productivity suite, Azure public cloud service, and Xbox gaming console. |
205,000 | $91,624,750 | 6.5% |
Republic Services, Inc.Republic Services is a provider of non-hazardous, solid waste collection and disposal services in the U.S. The efficient operation of its routes and facilities combined with appropriate pricing enables Republic Services to generate significant free cash flow. |
435,625 | $84,659,363 | 6.0% |
Alphabet Inc. - Class CAlphabet is a global technology firm with a dominant market share in internet search, online advertising, desktop and mobile operating systems, as well as a growing share of cloud computing platforms. Alphabet has a wide competitive moat, a strong business franchise, and potential growth catalysts. |
419,923 | $77,022,277 | 5.5% |
ASML Holding N.V.ASML is a global provider of lithography systems for the semiconductor industry, manufacturing highly complex equipment critical to the production of integrated circuits or microchips. ASML has established a dominant market share in next-generation lithography. ASML has strong growth prospects, margin leverage, and shareholder-friendly capital allocation. |
66,100 | $67,602,453 | 4.8% |
Berkshire Hathaway Inc. - Class ABerkshire Hathaway is a holding company owning many subsidiaries mainly in the insurance, railroad, utility/energy, aerospace, manufacturing, retail, and finance industries. The company also holds various common stock investments. Berkshire is positioned to provide long term, relatively defensive returns due to its conservative balance sheet. |
110 | $67,346,510 | 4.8% |
Arch Capital Group Ltd.Arch Capital generates premiums of approximately $15 billion and has a high quality A+ rated balance sheet. The company’s management team exercises prudent underwriting discipline, insurance cycle management, expense control, and share buybacks yielding above average book value growth and shareholder returns. |
660,249 | $66,612,522 | 4.8% |
Apple Inc.Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The company’s growth prospects look favorable as the shift to mobile computing expands globally and as more products and services are added to the Apple ecosystem. |
316,000 | $66,555,920 | 4.7% |
The TJX Companies, Inc.Through its T.J. Maxx and Marshalls divisions, TJX is the leading off-price retailer. The continued growth of these divisions in the U.S. and Europe, along with expansion of related U.S. and foreign off-price formats, provide ongoing growth opportunities. |
525,092 | $57,812,629 | 4.1% |
Amazon.com, Inc.Amazon serves consumers through online and physical stores and focuses on selection, price, and convenience. Amazon offers programs that enable sellers to grow their businesses, sell their products, and fulfill orders using services, and programs to publish and sell content. Amazon serves developers and enterprises through AWS, which offers a broad set of on-demand technology services. Amazon also manufactures and sells electronic devices and provides advertising services to sellers, vendors, publishers, authors, and others. |
286,000 | $55,269,500 | 4.0% |
Everest Re Group, Ltd.Everest Re is one of the largest independent U.S. property and casualty reinsurers, generates annual premiums of approximately $14 billion, has a high quality investment portfolio, and a well-reserved A+ balance sheet. This Bermuda domiciled company has a strong management team that exercises prudent underwriting discipline and efficient expense control, resulting in above-average earnings and book value growth. |
134,686 | $51,318,060 | 3.7% |
| $685,823,984 | 48.9% | ||
| * Net Assets Applicable to the Company's Common Stock |
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