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, 2011
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, 2011
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: $876075827
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 MNGRS SOLE SHARED NONE
---------------- -------------- ----- ------ ------------------------ -------- ------ ------ -----
Apple Inc. COMMON 037833100 22879 60000 SH SOLE 60000 0 0
ABB Ltd. ADR COMMON 000375204 20496 1200000 SH SOLE 1200000 0 0
Arch Capital Group Ltd. COMMON G0450A105 28591 875000 SH SOLE 875000 0 0
Adams Express Company COMMON 006212104 1227 133254 SH SOLE 133254 0 0
Amgen Inc. COMMON 031162100 2198 40000 SH SOLE 40000 0 0
Alpha Natural Resources, Inc. COMMON 02076X102 8274 467700 SH SOLE 467700 0 0
Aon Corporation COMMON 037389103 13874 330492 SH SOLE 330492 0 0
Apache Corporation COMMON 037411105 23789 296478 SH SOLE 296478 0 0
ASML Holding N.V. COMMON N07059186 19861 575000 SH SOLE 575000 0 0
American Express Company COMMON 025816109 14144 315000 SH SOLE 315000 0 0
Berkshire Hathaway Inc. Class A COMMON 084670108 11748 110 SH SOLE 110 0 0
Celgene Corporation COMMON 151020104 10525 170000 SH SOLE 170000 0 0
Central Securities Corporation COMMON 155123102 723 36686 SH SOLE 36686 0 0
Canadian Natural Resources COMMON 136385101 8781 300000 SH SOLE 300000 0 0
Costco Wholesale Corporation COMMON 22160K105 32400 394500 SH SOLE 394500 0 0
Cisco Systems, Inc. COMMON 17275R102 14880 960000 SH SOLE 960000 0 0
Cytokinetics, Incorporated COMMON 23282W100 620 529900 SH SOLE 529900 0 0
Dell Inc. COMMON 24702R101 14352 1015000 SH SOLE 1015000 0 0
Diageo plc ADR COMMON 25243Q205 26576 350000 SH SOLE 350000 0 0
Devon Energy Corporation COMMON 25179M103 7211 130062 SH SOLE 130062 0 0
Epoch Holding Corporation COMMON 29428R103 22617 1666667 SH SOLE 1666667 0 0
Ford Motor Company COMMON 345370860 12223 1264063 SH SOLE 1264063 0 0
Freeport-McMoRan COMMON 35671D857 6090 200000 SH SOLE 200000 0 0
Gilead Sciences, Inc. COMMON 375558103 21903 564500 SH SOLE 564500 0 0
Halliburton Company COMMON 406216101 22890 750000 SH SOLE 750000 0 0
International Game Technology COMMON 459902102 10898 750000 SH SOLE 750000 0 0
JPMorgan Chase & Co. COMMON 46625H100 15662 520000 SH SOLE 520000 0 0
JPMorgan Chase & Co. COMMON 46634E114 2095 225000 SH SOLE 225000 0 0
Kohl's Corporation COMMON 500255104 2455 50000 SH SOLE 50000 0 0
MetLife, Inc. COMMON 59156R108 9103 325000 SH SOLE 325000 0 0
MSCI Inc. Class A COMMON 55354G100 7734 255000 SH SOLE 255000 0 0
Microsoft Corporation COMMON 594918104 19165 770000 SH SOLE 770000 0 0
M&T Bank Corporation COMMON 55261F104 7689 110000 SH SOLE 110000 0 0
The Manitowoc Company, Inc. COMMON 563571108 6039 900000 SH SOLE 900000 0 0
Nelnet, Inc. COMMON 64031N108 12113 645000 SH SOLE 645000 0 0
Nucor Corporation COMMON 670346105 4746 150000 SH SOLE 150000 0 0
Poniard Pharmaceuticals, Inc. COMMON 732449301 24 195344 SH SOLE 195344 0 0
PepsiCo, Inc. COMMON 713448108 20118 325000 SH SOLE 325000 0 0
Pfizer Inc. COMMON 717081103 13363 755808 SH SOLE 755808 0 0
PartnerRe Ltd. COMMON G6852T105 14374 275000 SH SOLE 275000 0 0
Platinum Underwriters COMMON G7127P100 12300 400000 SH SOLE 400000 0 0
QUALCOMM Incorporated COMMON 747525103 34041 700000 SH SOLE 700000 0 0
Everest Re Group, Ltd. COMMON G3223R108 19448 245000 SH SOLE 245000 0 0
Republic Services, Inc. COMMON 760759100 26856 957100 SH SOLE 957100 0 0
Royce Value Trust, Inc. COMMON 780910105 1680 151605 SH SOLE 151605 0 0
Teradata Corporation COMMON 88076W103 19271 360000 SH SOLE 360000 0 0
Target Corporation COMMON 87612E106 22558 460000 SH SOLE 460000 0 0
The TJX Companies, Inc. COMMON 872540109 83893 1512400 SH SOLE 1512400 0 0
The Travelers Companies, Inc. COMMON 89417E109 8771 180000 SH SOLE 180000 0 0
Towers Watson & Co. Class A COMMON 891894107 12315 206000 SH SOLE 206000 0 0
United Technologies Corporation COMMON 913017109 22867 325000 SH SOLE 325000 0 0
Visteon Corporation COMMON 92839U206 11856 275713 SH SOLE 275713 0 0
Vodafone Group Plc ADR COMMON 92857W209 9702 378100 SH SOLE 378100 0 0
Weatherford International Ltd. COMMON G95089101 25031 2050000 SH SOLE 2050000 0 0
Waste Management, Inc. COMMON 94106L109 20513 630000 SH SOLE 630000 0 0
Wal-Mart Stores, Inc. COMMON 931142103 17283 333000 SH SOLE 333000 0 0
Xerox Corporation COMMON 984121103 13243 1900000 SH SOLE 1900000 0 0