UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2004
Institutional Investment Manager Filing this Report:
Name: General American Investors Company, Inc.
Address: 450 Lexington Avenue, 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:
Name: Eugene L. DeStaebler, Jr.
Title: Vice-President, Administration
Phone: 212-916-8400
Signature, Place and Date of Signing:
Eugene L. DeStaebler, Jr. New York, NY August 10, 2004
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
NONE
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: 60
Form 13F Information Table Value Total: $1,049,228,390
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST. DISC. OTHER VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SH/ SHARED MGRS.
CLASS VALUE AMOUNT PRN SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
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Adams Express Company COMMON 006212104 1,196,825 94,090 N X 94,090
Agere Systems Inc. Class A COMMON 00845V100 2,300,000 1,000,000 N X 1,000,000
American International Gro COMMON 026874107 18,889,200 265,000 N X 265,000
Alkermes, Inc. COMMON 01642T108 4,624,000 340,000 N X 340,000
Applied Materials, Inc. COMMON 038222105 2,609,460 133,000 N X 133,000
American Tower Corporation COMMON 029912201 8,360,000 550,000 N X 550,000
Annuity and Life Re (Holdi COMMON G03910109 512,500 625,000 N X 625,000
Apache Corporation COMMON 037411105 14,807,000 340,000 N X 340,000
Bank of America Corporatio COMMON 060505104 15,570,080 184,000 N X 184,000
Baxter International Inc. COMMON 071813109 31,059,000 900,000 N X 900,000
Bancroft Convertible Fund COMMON 059695106 381,840 20,877 N X 20,877
Biogen Idec Inc. COMMON 09062X103 15,812,500 250,000 N X 250,000
Bristol-Myers Squibb Compa COMMON 110122108 7,350,000 300,000 N X 300,000
Berkshire Hathaway Inc. COMMON 084670108 26,685,000 300 N X 300
Brooks Automation, Inc. COMMON 114340102 9,903,725 491,500 N X 491,500
Central Securities Corpora COMMON 155123102 2,628,180 113,040 N X 113,040
CIENA Corporation COMMON 171779101 2,035,000 550,000 N X 550,000
Costco Wholesale Corporati COMMON 22160K105 28,826,000 700,000 N X 700,000
Cox Communications, Inc. - COMMON 224044107 17,229,800 620,000 N X 620,000
Cisco Systems, Inc. COMMON 17275R102 21,330,000 900,000 N X 900,000
CEMEX, S.A. de C.V. COMMON 151290889 16,005,000 550,000 N X 550,000
Diageo plc COMMON 25243Q205 19,162,500 350,000 N X 350,000
Genentech, Inc. COMMON 368710406 31,472,000 560,000 N X 560,000
Devon Energy Corporation COMMON 25179M103 52,800,000 800,000 N X 800,000
EMC Corporation COMMON 268648102 3,420,000 300,000 N X 300,000
EMCORE Corporation COMMON 290846104 642,220 197,000 N X 197,000
El Paso Corporation 0% CONV C 28336LAC3 10,800,000 22,500,000 N X 22,500,000
Ethan Allen Interiors Inc. COMMON 297602104 9,875,250 275,000 N X 275,000
Golden West Financial COMMON 381317106 34,563,750 325,000 N X 325,000
Genaera Corporation COMMON 36867G100 1,134,000 270,000 N X 270,000
Gilead Sciences, Inc. COMMON 375558103 3,350,000 50,000 N X 50,000
Genta Incorporated COMMON 37245M207 937,500 375,000 N X 375,000
Halliburton Company COMMON 406216101 18,912,500 625,000 N X 625,000
The Home Depot, Inc. COMMON 437076102 67,584,000 1,920,000 N X 1,920,000
Juniper Networks, Inc. COMMON 48203R104 11,056,500 450,000 N X 450,000
Lamar Advertising Company COMMON 512815101 11,921,250 275,000 N X 275,000
Medtronic, Inc. COMMON 585055106 21,924,000 450,000 N X 450,000
MedImmune, Inc. COMMON 584699102 10,642,450 455,000 N X 455,000
MetLife, Inc. COMMON 59156R108 15,594,750 435,000 N X 435,000
MFA Mortgage Investments, COMMON 55272X102 7,565,000 850,000 N X 850,000
Millennium Pharmaceuticals COMMON 599902103 1,656,000 120,000 N X 120,000
Molex Incorporated Class A COMMON 608554200 19,505,200 715,000 N X 715,000
Montpelier Re Holdings Ltd COMMON G62185106 6,116,250 175,000 N X 175,000
Microsoft Corporation COMMON 594918104 43,554,000 1,525,000 N X 1,525,000
M&T Bank Corporation COMMON 55261F104 29,682,000 340,000 N X 340,000
Annaly Mortgage Management COMMON 035710409 13,144,000 775,000 N X 775,000
NetIQ Corporation COMMON 64115P102 7,959,600 603,000 N X 603,000
PepsiCo, Inc. COMMON 713448108 8,082,000 150,000 N X 150,000
Pfizer Inc COMMON 717081103 45,421,000 1,325,000 N X 1,325,000
PartnerRe Ltd. COMMON G6852T105 28,365,000 500,000 N X 500,000
Everest Re Group, Ltd. COMMON G3223R108 52,234,000 650,000 N X 650,000
Reinsurance Group of Ameri COMMON 759351109 18,089,250 445,000 N X 445,000
Republic Services, Inc. COMMON 760759100 34,004,500 1,175,000 N X 1,175,000
Royce Value Trust COMMON 780910105 1,737,350 98,657 N X 98,657
SunTrust Banks, Inc. COMMON 867914103 13,322,950 205,000 N X 205,000
The TJX Companies, Inc. COMMON 872540109 60,350,000 2,500,000 N X 2,500,000
Total S.A. ADR COMMON 89151E109 23,731,760 247,000 N X 247,000
Transatlantic Holdings, In COMMON 893521104 18,222,750 225,000 N X 225,000
VeriSign, Inc. COMMON 92343E102 6,965,000 350,000 N X 350,000
Wal-Mart Stores, Inc. COMMON 931142103 35,613,000 675,000 N X 675,000