UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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: 100 Park Avenue, 35th Floor
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 February 08, 2008
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: 57
Form 13F Information Table Value Total: $1269651079
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 28800 1000000 SH SOLE 1000000 0 0
Arch Capital Group Ltd. COMMON G0450A105 23567 335000 SH SOLE 335000 0 0
Adams Express Company COMMON 006212104 1663 117798 SH SOLE 117798 0 0
American International Group,Inc COMMON 026874107 21280 365000 SH SOLE 365000 0 0
Alexander & Baldwin, Inc. COMMON 014482103 12197 236100 SH SOLE 236100 0 0
Alkermes, Inc. COMMON 01642T108 1247 80000 SH SOLE 80000 0 0
The Allstate Corporation COMMON 020002101 15147 290000 SH SOLE 290000 0 0
Apache Corporation COMMON 037411105 64524 600000 SH SOLE 600000 0 0
Activision, Inc. COMMON 004930202 20790 700000 SH SOLE 700000 0 0
AXIS Capital Holdings Limited COMMON G0692U109 14224 365000 SH SOLE 365000 0 0
BearingPoint, Inc. COMMON 074002106 4967 1755000 SH SOLE 1755000 0 0
Biogen Idec Inc. COMMON 09062X103 5123 90000 SH SOLE 90000 0 0
Berkshire Hathaway Inc. Class A COMMON 084670108 30444 215 SH SOLE 215 0 0
CB Richard Ellis Group, Inc. COMMON 12497T101 8620 400000 SH SOLE 400000 0 0
Central Securities Corporation COMMON 155123102 821 30578 SH SOLE 30578 0 0
Chimera Investment Corporation COMMON 16934Q109 9834 550000 SH SOLE 550000 0 0
Costco Wholesale Corporation COMMON 22160K105 40112 575000 SH SOLE 575000 0 0
Carpenter Technology Corporation COMMON 144285103 24130 321000 SH SOLE 321000 0 0
Cisco Systems, Inc. COMMON 17275R102 24363 900000 SH SOLE 900000 0 0
CEMEX, S.A. de C.V. ADR COMMON 151290889 57539 2225862 SH SOLE 2225862 0 0
Cytokinetics, Incorporated COMMON 23282W100 2506 529900 SH SOLE 529900 0 0
Dell Inc. COMMON 24702R101 36765 1500000 SH SOLE 1500000 0 0
Diageo plc ADR COMMON 25243Q205 30041 350000 SH SOLE 350000 0 0
Genentech, Inc. COMMON 368710406 13414 200000 SH SOLE 200000 0 0
Fidelity National Financial, Inc COMMON 31620R105 18263 1250000 SH SOLE 1250000 0 0
Gilead Sciences, Inc. COMMON 375558103 5498 119500 SH SOLE 119500 0 0
Halliburton Company COMMON 406216101 30328 800000 SH SOLE 800000 0 0
The Home Depot, Inc. COMMON 437076102 34429 1278000 SH SOLE 1278000 0 0
Hewitt Associates, Inc.Class A COMMON 42822Q100 24123 630000 SH SOLE 630000 0 0
Lamar Advertising Company COMMON 512815101 15579 324100 SH SOLE 324100 0 0
Leap Wireless International, Inc COMMON 521863308 7113 152500 SH SOLE 152500 0 0
MetLife, Inc. COMMON 59156R108 15405 250000 SH SOLE 250000 0 0
Microsoft Corporation COMMON 594918104 25632 720000 SH SOLE 720000 0 0
M&T Bank Corporation COMMON 55261F104 24471 300000 SH SOLE 300000 0 0
Nelnet, Inc. COMMON 64031N108 11757 925000 SH SOLE 925000 0 0
NetEase.com, Inc. COMMON 64110W102 4645 245000 SH SOLE 245000 0 0
MetroPCS Communications Inc. COMMON 591708102 14072 723500 SH SOLE 723500 0 0
PepsiCo, Inc. COMMON 713448108 17078 225000 SH SOLE 225000 0 0
PartnerRe Ltd. COMMON G6852T105 23934 290000 SH SOLE 290000 0 0
Patterson-UTI Energy, Inc. COMMON 703481101 13664 700000 SH SOLE 700000 0 0
QUALCOMM Incorporated COMMON 747525103 31480 800000 SH SOLE 800000 0 0
Everest Re Group, Ltd. COMMON G3223R108 34136 340000 SH SOLE 340000 0 0
Republic Services, Inc. COMMON 760759100 27635 881500 SH SOLE 881500 0 0
Royce Value Trust COMMON 780910105 2233 120191 SH SOLE 120191 0 0
Sprint Nextel Corporation COMMON 852061100 12080 920000 SH SOLE 920000 0 0
Target Corporation COMMON 87612E106 16655 333100 SH SOLE 333100 0 0
THQ Inc. COMMON 872443403 10289 365000 SH SOLE 365000 0 0
The TJX Companies, Inc. COMMON 872540109 60333 2100000 SH SOLE 2100000 0 0
Talisman Energy Inc. COMMON 87425E103 55560 3000000 SH SOLE 3000000 0 0
Transatlantic Holdings, Inc. COMMON 893521104 10901 150000 SH SOLE 150000 0 0
Textron Inc. COMMON 883203101 36349 509800 SH SOLE 509800 0 0
United Technologies Corporation COMMON 913017109 24876 325000 SH SOLE 325000 0 0
Wachovia Corporation COMMON 929903102 23388 615000 SH SOLE 615000 0 0
Weatherford International Ltd. COMMON G95089101 70315 1025000 SH SOLE 1025000 0 0
Waste Management, Inc. COMMON 94106L109 22216 680000 SH SOLE 680000 0 0
Wal-Mart Stores, Inc. COMMON 931142103 22339 470000 SH SOLE 470000 0 0
Xerox Corporation COMMON 984121103 30761 1900000 SH SOLE 1900000 0 0