Lazard Asset Management Acquires 6.7% Stake in General American Investors Co Inc

Lazard Asset Management LLC filed a Schedule 13G on May 15, 2026, disclosing a new significant stake in General American Investors Co Inc (GAM). As of the event date of March 31, 2026, Lazard Asset Management reported beneficial ownership of 1,580,674 shares of common stock, representing 6.7% of the company's total shares outstanding. This filing marks a substantial increase from a previously reported 0.0% position, establishing Lazard as a major institutional holder. The reporting person, an investment adviser based in New York, indicated that it holds sole voting and sole dispositive power over the entire 1,580,674 shares. The filing was made under Rule 13d-1(b), certifying that the securities were acquired in the ordinary course of business and not with the intent of changing or influencing the control of the issuer. This passive investment highlights Lazard's increased conviction in the closed-end fund's equity.