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, 2006
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:
/s/Eugene S. Stark New York, NY February 09, 2007
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: $1332807138
List of Other Included Managers:
No. 13F File Number Name
NONE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
-------------- --------- --------- -------- ------------- -------- -------- ------------------
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
ABB Ltd. ADR COMMON 000375204 20677 1150000 SH SOLE 1150000 0 0
Arch Capital Group Ltd. COMMON G0450A105 23664 350000 SH SOLE 350000 0 0
Adams Express Company COMMON 006212104 1537 110806 SH SOLE 110806 0 0
American International Group,Inc COMMON 026874107 25798 360000 SH SOLE 360000 0 0
Alkermes, Inc. COMMON 01642T108 2340 175000 SH SOLE 175000 0 0
The Allstate Corporation COMMON 020002101 17905 275000 SH SOLE 275000 0 0
Ameriprise Financial, Inc. COMMON 03076C106 3270 60000 SH SOLE 60000 0 0
American Tower Corporation COMMON 029912201 28892 775000 SH SOLE 775000 0 0
Apache Corporation COMMON 037411105 54871 825000 SH SOLE 825000 0 0
Activision, Inc. COMMON 004930202 12068 700000 SH SOLE 700000 0 0
Avaya Inc. COMMON 053499109 7759 555000 SH SOLE 555000 0 0
AXIS Capital Holdings Limited COMMON G0692U109 13348 400000 SH SOLE 400000 0 0
Bank of America Corporation COMMON 060505104 14415 270000 SH SOLE 270000 0 0
Biogen Idec Inc. COMMON 09062X103 8362 170000 SH SOLE 170000 0 0
Berkshire Hathaway Inc. Class A COMMON 084670108 32997 300 SH SOLE 300 0 0
Cephalon, Inc. COMMON 156708109 10562 150000 SH SOLE 150000 0 0
Central Securities Corporation COMMON 155123102 752 28226 SH SOLE 28226 0 0
Costco Wholesale Corporation COMMON 22160K105 37009 700000 SH SOLE 700000 0 0
Cisco Systems, Inc. COMMON 17275R102 24597 900000 SH SOLE 900000 0 0
CEMEX, S.A. de C.V. ADR COMMON 151290889 79647 2350862 SH SOLE 2350862 0 0
Cytokinetics, Incorporated COMMON 23282W100 4525 604900 SH SOLE 604900 0 0
Diageo plc ADR COMMON 25243Q205 27759 350000 SH SOLE 350000 0 0
Dollar General Corporation COMMON 256669102 40150 2500000 SH SOLE 2500000 0 0
Genentech, Inc. COMMON 368710406 16226 200000 SH SOLE 200000 0 0
EMC Corporation COMMON 268648102 3960 300000 SH SOLE 300000 0 0
Halliburton Company COMMON 406216101 26393 850000 SH SOLE 850000 0 0
The Home Depot, Inc. COMMON 437076102 63051 1570000 SH SOLE 1570000 0 0
Intermec, Inc. COMMON 458786100 2306 95000 SH SOLE 95000 0 0
Lamar Advertising Company COMMON 512815101 22887 350000 SH SOLE 350000 0 0
Medtronic, Inc. COMMON 585055106 24080 450000 SH SOLE 450000 0 0
MedImmune, Inc. COMMON 584699102 12301 380000 SH SOLE 380000 0 0
MetLife, Inc. COMMON 59156R108 16818 285000 SH SOLE 285000 0 0
MFA Mortgage Investments, Inc. COMMON 55272X102 7113 925000 SH SOLE 925000 0 0
Molex Incorporated Class A COMMON 608554200 15235 550000 SH SOLE 550000 0 0
Microsoft Corporation COMMON 594918104 21499 720000 SH SOLE 720000 0 0
M&T Bank Corporation COMMON 55261F104 37870 310000 SH SOLE 310000 0 0
Annaly Capital Management, Inc. COMMON 035710409 7651 550000 SH SOLE 550000 0 0
NetEase.com, Inc. COMMON 64110W102 3738 200000 SH SOLE 200000 0 0
PepsiCo, Inc. COMMON 713448108 14074 225000 SH SOLE 225000 0 0
Pfizer Inc COMMON 717081103 34911 1347900 SH SOLE 1347900 0 0
PartnerRe Ltd. COMMON G6852T105 23795 335000 SH SOLE 335000 0 0
Patterson-UTI Energy, Inc. COMMON 703481101 23230 1000000 SH SOLE 1000000 0 0
QUALCOMM Incorporated COMMON 747525103 26453 700000 SH SOLE 700000 0 0
Everest Re Group, Ltd. COMMON G3223R108 49055 500000 SH SOLE 500000 0 0
Republic Services, Inc. COMMON 760759100 47787 1175000 SH SOLE 1175000 0 0
Rio Tinto plc ADR COMMON 767204100 13812 65000 SH SOLE 65000 0 0
Royce Value Trust COMMON 780910105 2433 109547 SH SOLE 109547 0 0
Sprint Nextel Corporation COMMON 852061100 13884 735000 SH SOLE 735000 0 0
SunTrust Banks, Inc. COMMON 867914103 14357 170000 SH SOLE 170000 0 0
Constellation Brands, Inc. COMMON 21036P108 9432 325000 SH SOLE 325000 0 0
THQ Inc. COMMON 872443403 6992 215000 SH SOLE 215000 0 0
The TJX Companies, Inc. COMMON 872540109 59892 2100000 SH SOLE 2100000 0 0
Talisman Energy Inc. COMMON 87425E103 50970 3000000 SH SOLE 3000000 0 0
Transatlantic Holdings, Inc. COMMON 893521104 14283 230000 SH SOLE 230000 0 0
VeriSign, Inc. COMMON 92343E102 2730 113500 SH SOLE 113500 0 0
Wachovia Corporation COMMON 929903102 35017 614864 SH SOLE 614864 0 0
Weatherford International Ltd. COMMON G95089101 50984 1220000 SH SOLE 1220000 0 0
Wal-Mart Stores, Inc. COMMON 931142103 26554 575000 SH SOLE 575000 0 0
Xerox Corporation COMMON 984121103 38138 2250000 SH SOLE 2250000 0 0