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, 2010
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 AVE 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 October 20, 2010
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: 59
Form 13F Information Table Value Total: $944769650
List of Other Included Managers:
No. 13F File Number Name
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----VOTING AUTHORITY-----
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------- ---------------- --------- ------ -------- --- ---- ------- ---------- -------- ------- -----
Apple Inc. COMMON 037833100 17025 60000 SH SOLE 60000 0 0
ABB Ltd. ADR COMMON 000375204 25344 1200000 SH SOLE 1200000 0 0
Arch Capital Group Ltd. COMMON G0450A105 26397 315000 SH SOLE 315000 0 0
Adams Express Company COMMON 006212104 1280 128815 SH SOLE 128815 0 0
Alexander & Baldwin, Inc. COMMON 014482103 8226 236100 SH SOLE 236100 0 0
Amgen Inc. COMMON 031162100 2204 40000 SH SOLE 40000 0 0
Alpha Natural Resources, Inc. COMMON 02076X102 10872 264200 SH SOLE 264200 0 0
Apache Corporation COMMON 037411105 28984 296478 SH SOLE 296478 0 0
ASML Holding N.V. COMMON N07059186 20811 700000 SH SOLE 700000 0 0
American Express Company COMMON 025816109 13660 325000 SH SOLE 325000 0 0
Berkshire Hathaway Inc. Class A COMMON 084670108 13695 110 SH SOLE 110 0 0
Celgene Corporation COMMON 151020104 5761 100000 SH SOLE 100000 0 0
Cephalon, Inc. COMMON 156708109 23858 382100 SH SOLE 382100 0 0
Central Securities Corporation COMMON 155123102 706 35500 SH SOLE 35500 0 0
Canadian Natural Resources COMMON 136385101 8650 250000 SH SOLE 250000 0 0
Costco Wholesale Corporation COMMON 22160K105 37082 575000 SH SOLE 575000 0 0
Cisco Systems, Inc. COMMON 17275R102 21024 960000 SH SOLE 960000 0 0
CEMEX, S.A. de C.V. ADR COMMON 151290889 16548 1946880 SH SOLE 1946880 0 0
Cytokinetics, Incorporated COMMON 23282W100 1399 529900 SH SOLE 529900 0 0
Dell Inc. COMMON 24702R101 16731 1290000 SH SOLE 1290000 0 0
Diageo plc ADR COMMON 25243Q205 24154 350000 SH SOLE 350000 0 0
Devon Energy Corporation COMMON 25179M103 8420 130062 SH SOLE 130062 0 0
Epoch Holding Corporation COMMON 29428R103 21467 1666667 SH SOLE 1666667 0 0
Fidelity National Financial, Inc COMMON 31620R105 10997 700000 SH SOLE 700000 0 0
Gilead Sciences, Inc. COMMON 375558103 20102 564500 SH SOLE 564500 0 0
Halliburton Company COMMON 406216101 26456 800000 SH SOLE 800000 0 0
Hewitt Associates, Inc.Class A COMMON 42822Q100 23505 466100 SH SOLE 466100 0 0
International Game Technology COMMON 459902102 10838 750000 SH SOLE 750000 0 0
J.C. Penney Company, Inc. COMMON 708160106 10872 400000 SH SOLE 400000 0 0
JPMorgan Chase & Co. COMMON 46625H100 16176 425000 SH SOLE 425000 0 0
JPMorgan Chase & Co. COMMON 46634E114 2042 175000 SH SOLE 175000 0 0
Leap Wireless International, Inc COMMON 521863308 963 78000 SH SOLE 78000 0 0
MetLife, Inc. COMMON 59156R108 10766 280000 SH SOLE 280000 0 0
MSCI Inc. Class A COMMON 55354G100 9963 300000 SH SOLE 300000 0 0
Microsoft Corporation COMMON 594918104 13959 570000 SH SOLE 570000 0 0
M&T Bank Corporation COMMON 55261F104 8999 110000 SH SOLE 110000 0 0
The Manitowoc Company, Inc. COMMON 563571108 12110 1000000 SH SOLE 1000000 0 0
Nelnet, Inc. COMMON 64031N108 13808 603500 SH SOLE 603500 0 0
NetEase.com, Inc. COMMON 64110W102 6630 168100 SH SOLE 168100 0 0
Nucor Corporation COMMON 670346105 5730 150000 SH SOLE 150000 0 0
Poniard Pharmaceuticals, Inc. COMMON 732449301 113 195344 SH SOLE 195344 0 0
PepsiCo, Inc. COMMON 713448108 19932 300000 SH SOLE 300000 0 0
Pfizer Inc. COMMON 717081103 12977 755808 SH SOLE 755808 0 0
PartnerRe Ltd. COMMON G6852T105 21248 265000 SH SOLE 265000 0 0
QUALCOMM Incorporated COMMON 747525103 31593 700000 SH SOLE 700000 0 0
Everest Re Group, Ltd. COMMON G3223R108 21618 250000 SH SOLE 250000 0 0
Republic Services, Inc. COMMON 760759100 28935 949000 SH SOLE 949000 0 0
Royce Value Trust, Inc. COMMON 780910105 1760 144955 SH SOLE 144955 0 0
Symetra Financial Corporation COMMON 87151Q106 2092 200000 SH SOLE 200000 0 0
Teradata Corporation COMMON 88076W103 17352 450000 SH SOLE 450000 0 0
The TJX Companies, Inc. COMMON 872540109 72854 1632400 SH SOLE 1632400 0 0
Transatlantic Holdings, Inc. COMMON 893521104 4218 83000 SH SOLE 83000 0 0
The Travelers Companies, Inc. COMMON 89417E109 10420 200000 SH SOLE 200000 0 0
United Technologies Corporation COMMON 913017109 23150 325000 SH SOLE 325000 0 0
Verifone Holdings, Inc. 1 3/8% NOTE 92342YAB5 9912 10000000 PAR SOLE 10000000 0 0
Weatherford International Ltd. COMMON G95089101 36765 2150000 SH SOLE 2150000 0 0
Waste Management, Inc. COMMON 94106L109 22516 630000 SH SOLE 630000 0 0
Wal-Mart Stores, Inc. COMMON 931142103 29436 550000 SH SOLE 550000 0 0
Xerox Corporation COMMON 984121103 19665 1900000 SH SOLE 1900000 0 0