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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 12/31/2025 | |
|---|---|
| NAV (XGAMX) | $65.20 |
| Common Closing Price | $58.73 |
| Preferred Liquidation Preference | $25.00 |
| Preferred Closing Price | $25.11 |
| Net Assets - Common | $1,566.1 mil. |
| Liquidation Value - Preferred | $190.0 mil. |
| Total | $1,756.1 mil. |
| Asset Coverage | 924% |
| Annual Data | |
|---|---|
| Expense Ratio | 1.07% |
| 2025 Dividend & Distribution | $6.65 |
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 December 31, 2025, the Company has repurchased a total of 33.8 million shares of Common Stock at a total cost of $1.1 billion. During the year ended December 31, 2025, 388,307 shares of Common Stock were repurchased at a cost of $21,671,102 a discount of 11.6% to net asset value.
| Years or Period | GAM Stockholder Return (Market Price)* | GAM Net Asset Value Return* | Standard & Poor's 500 Stock Index Return* |
|---|---|---|---|
| 1 Year | 28.31% | 25.75% | 17.88% |
| 3 Years | 27.84% | 24.53 | 23.01% |
| 5 Years | 17.90% | 16.40% | 14.42% |
| 10 Years | 14.84% | 14.11% | 14.82% |
| 20 Years | 9.8% | 9.54% | 10.99% |
| 30 Years | 12.02% | 11.56% | 10.33% |
| 40 Years | 12.34% | 12.30% | 11.44% |
| 50 Years | 14.35% | 13.72% | 12.02% |
| * With dividends and distributions reinvested/with income. |
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| Industry Sector | % Common Net Assets* | ||
|---|---|---|---|
| Information Technology | 27.1% | ||
| Financials | 17.5% | ||
| Industrials | 14.3% | ||
| Consumer Discretionary | 10.7% | ||
| Health Care | 9.8% | ||
| Communication Services | 8.4% | ||
| Consumer Staples | 6.8% | ||
| Energy | 5.7% | ||
| Materials | 3.2% | ||
| Utilities | 1.8% | ||
| Other | 1.7% | ||
| Total Long-Term Investments | 107.0 | ||
| Cash, equivalents, receivables and other assets less liabilities | 5.1 | ||
| Preferred Stock, at liquidation value | -12.1% | ||
| Total Net Assets Applicable to Common Stock | 100.0% | ||
| * Net Assets Applicable to the Company's Common Stock |
|||
| Holding | Shares | Value | % Common Net Assets* |
|---|---|---|---|
Alphabet Inc. - Class CAlphabet is a holding company that delivers cost-effective online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services as well as communication and collaboration tools, and sells other products and services (e.g., consumer subscription-based products, apps and in-app purchases, and devices). |
294,923 | $92,546,837 | 5.9% |
Microsoft CorporationMicrosoft offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, content, solution support, and consulting services. Products include operating systems, cross-device productivity and collaboration applications, server applications, business solution applications, desktop and server management tools, software development tools, video games, online advertising, and devices (e.g., PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. |
180,000 | $87,051,600 | 5.6% |
Berkshire Hathaway Inc. - Class ABerkshire Hathaway is a holding company owning subsidiaries engaged in numerous diverse business activities including insurance businesses conducted on both a primary basis and a reinsurance basis, a freight rail transportation business, and a group of utility and energy generation and distribution businesses. Berkshire also owns and operates numerous other businesses engaged in a variety of manufacturing, services, retailing and other activities. |
110 | $83,028,000 | 5.3% |
The TJX Companies, Inc.TJX is a leading off-price apparel and home fashions retailer in the United States and worldwide. TJX has numerous stores and branded e-commerce sites that offer a rapidly changing assortment of quality, fashionable, brand name and designer merchandise at prices generally substantially below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise. |
525,092 | $80,659,382 | 5.1% |
Republic Services, Inc.Republic Services is a provider of environmental services in the United States and Canada through collection operations, transfer stations, recycling centers, active landfills, treatment, recovery and disposal facilities, treatment, storage and disposal facilities, salt water disposal wells, deep injection wells, and a polymer center. Republic Services is also engaged in landfill gas-to-energy and other renewable energy projects and post-closure responsibility for closed landfills. |
335,625 | $80,659,382 | 5.1% |
Apple Inc.Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. |
275,705 | $74,953,161 | 4.8% |
ASML Holding N.V.ASML is a leading supplier to the semiconductor industry and provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). ASML pursues the advancement of more affordable, more powerful and more energy-efficient microchips by enabling the groundbreaking technology to solve some of humanity’s challenges. |
62,000 | $66,331,320 | 4.2% |
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 | $66,014,520 | 4.2% |
GE Vernova Inc.GE Vernova is a global leader in the electric power industry providing hardware and services to generate, transfer and convert electricity. The company enables 25% of global electricity generation via gas, wind, nuclear, hydro and wind power. |
100,000 | $65,357,000 | 4.2% |
Arch Capital Group Ltd.Arch Capital is a Bermuda-based company that provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Arch Capital provides a full range of property, casualty and mortgage insurance and reinsurance lines, and focuses on writing specialty lines of insurance and reinsurance. |
600,000 | $57,552,000 | 3.7% |
| $656,069,948 | 48.7% | ||
| * Net Assets Applicable to the Company's Common Stock |
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