UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2007
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name:GENERAL AMERICAN INVESTORS COMPANY, INC.
Address: 450 Lexington Ave, Suite 3300
New York, NY 10017
13F File Number: 28-461
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Eugene S. Stark
Title: Vice-President, Administration
Phone: 212-916-8447
Signature, Place, and Date of Signing:
Eugene S. Stark New York, NY October 19, 2007
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 61
Form 13F Information Table Value Total: $1374207071
List of Other Included Managers:
No. 13F File Number Name
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- x$1000 PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ABB Ltd. ADR COMMON 000375204 26230 1000000 SH SOLE 1000000 0 0
Arch Capital Group Ltd. COMMON G0450A105 24927 335000 SH SOLE 335000 0 0
Adams Express Company COMMON 006212104 1657 110806 SH SOLE 110806 0 0
American International Group,Inc COMMON 026874107 21986 325000 SH SOLE 325000 0 0
Alexander & Baldwin, Inc. COMMON 014482103 11836 236100 SH SOLE 236100 0 0
Alkermes, Inc. COMMON 01642T108 1472 80000 SH SOLE 80000 0 0
The Allstate Corporation COMMON 020002101 15727 275000 SH SOLE 275000 0 0
Ameriprise Financial, Inc. COMMON 03076C106 3787 60000 SH SOLE 60000 0 0
Apache Corporation COMMON 037411105 54036 600000 SH SOLE 600000 0 0
Activision, Inc. COMMON 004930202 15113 700000 SH SOLE 700000 0 0
Avaya Inc. COMMON 053499109 1526 90000 SH SOLE 90000 0 0
AXIS Capital Holdings Limited COMMON G0692U109 14202 365000 SH SOLE 365000 0 0
Bank of America Corporation COMMON 060505104 10054 200000 SH SOLE 200000 0 0
BearingPoint, Inc. COMMON 074002106 7108 1755000 SH SOLE 1755000 0 0
Biogen Idec Inc. COMMON 09062X103 6633 100000 SH SOLE 100000 0 0
Berkshire Hathaway Inc. Class A COMMON 084670108 32590 275 SH SOLE 275 0 0
CB Richard Ellis Group, Inc. COMMON 12497T101 13953 501200 SH SOLE 501200 0 0
Central Securities Corporation COMMON 155123102 798 28226 SH SOLE 28226 0 0
Costco Wholesale Corporation COMMON 22160K105 35288 575000 SH SOLE 575000 0 0
Carpenter Technology Corporation COMMON 144285103 19567 150500 SH SOLE 150500 0 0
Cisco Systems, Inc. COMMON 17275R102 29817 900000 SH SOLE 900000 0 0
CEMEX, S.A. de C.V. ADR COMMON 151290889 68232 2280483 SH SOLE 2280483 0 0
Cytokinetics, Incorporated COMMON 23282W100 3097 604900 SH SOLE 604900 0 0
Dell Inc. COMMON 24702R101 42780 1550000 SH SOLE 1550000 0 0
Diageo plc ADR COMMON 25243Q205 30706 350000 SH SOLE 350000 0 0
Genentech, Inc. COMMON 368710406 15604 200000 SH SOLE 200000 0 0
Fidelity National Financial, Inc COMMON 31620R105 15732 900000 SH SOLE 900000 0 0
Gilead Sciences, Inc. COMMON 375558103 4884 119500 SH SOLE 119500 0 0
Halliburton Company COMMON 406216101 30720 800000 SH SOLE 800000 0 0
The Home Depot, Inc. COMMON 437076102 41458 1278000 SH SOLE 1278000 0 0
Hewitt Associates, Inc.Class A COMMON 42822Q100 22082 630000 SH SOLE 630000 0 0
Intermec, Inc. COMMON 458786100 3396 130000 SH SOLE 130000 0 0
Lamar Advertising Company COMMON 512815101 19588 400000 SH SOLE 400000 0 0
Leap Wireless International, Inc COMMON 521863308 12409 152500 SH SOLE 152500 0 0
Lowe's Companies, Inc. COMMON 548661107 4904 175000 SH SOLE 175000 0 0
MetLife, Inc. COMMON 59156R108 17433 250000 SH SOLE 250000 0 0
Microsoft Corporation COMMON 594918104 21211 720000 SH SOLE 720000 0 0
M&T Bank Corporation COMMON 55261F104 31035 300000 SH SOLE 300000 0 0
Nelnet, Inc. COMMON 64031N108 16872 925000 SH SOLE 925000 0 0
NetEase.com, Inc. COMMON 64110W102 4141 245000 SH SOLE 245000 0 0
MetroPCS Communications Inc. COMMON 591708102 8263 302900 SH SOLE 302900 0 0
PepsiCo, Inc. COMMON 713448108 18315 250000 SH SOLE 250000 0 0
PartnerRe Ltd. COMMON G6852T105 24487 310000 SH SOLE 310000 0 0
Patterson-UTI Energy, Inc. COMMON 703481101 22570 1000000 SH SOLE 1000000 0 0
QUALCOMM Incorporated COMMON 747525103 33808 800000 SH SOLE 800000 0 0
Everest Re Group, Ltd. COMMON G3223R108 38584 350000 SH SOLE 350000 0 0
Republic Services, Inc. COMMON 760759100 28834 881500 SH SOLE 881500 0 0
Royce Value Trust COMMON 780910105 2262 117083 SH SOLE 117083 0 0
Sprint Nextel Corporation COMMON 852061100 25175 1325000 SH SOLE 1325000 0 0
Target Corporation COMMON 87612E106 33883 533000 SH SOLE 533000 0 0
THQ Inc. COMMON 872443403 7869 315000 SH SOLE 315000 0 0
The TJX Companies, Inc. COMMON 872540109 61047 2100000 SH SOLE 2100000 0 0
Talisman Energy Inc. COMMON 87425E103 59100 3000000 SH SOLE 3000000 0 0
Transatlantic Holdings, Inc. COMMON 893521104 10901 155000 SH SOLE 155000 0 0
Textron Inc. COMMON 883203101 31715 509800 SH SOLE 509800 0 0
United Technologies Corporation COMMON 913017109 26156 325000 SH SOLE 325000 0 0
Wachovia Corporation COMMON 929903102 32598 650000 SH SOLE 650000 0 0
Weatherford International Ltd. COMMON G95089101 68860 1025000 SH SOLE 1025000 0 0
Waste Management, Inc. COMMON 94106L109 25663 680000 SH SOLE 680000 0 0
Wal-Mart Stores, Inc. COMMON 931142103 20516 470000 SH SOLE 470000 0 0
Xerox Corporation COMMON 984121103 39015 2250000 SH SOLE 2250000 0 0