UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2005
Institutional Investment Manager Filing this Report:
Name: General American Investors Company, Inc.
Address: 450 Lexington Avenue, Suite 3300
New York, NY 10017
Form 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 L. DeStaebler, Jr.
Title: Vice-President, Administration
Phone: 212-916-8400
Signature, Place and Date of Signing:
/s/ Eugene L. DeStaebler, Jr. New York, NY May 13, 2005
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
NONE
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 61
Form 13F Information Table Value Total: $1,154,751
(thousands)
FORM 13F INFORMATION TABLE
COLUMN1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
-------------- --------- -------- -------- ----------------- --------------- -------- -----------------
NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
CLASS (x$1000) PRN AMT PRN CALL DISCTRETION MANAGERS SOLE SHARED NONE
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Arch Capital Group Ltd. COMMON G0450A105 13,614 340,000 SH SOLE 340,000
Adams Express Company COMMON 006212104 1,281 99,518 SH SOLE 99,518
Aspen Insurance Holdings L COMMON G05384105 1,639 65,000 SH SOLE 65,000
American International Gro COMMON 026874107 21,056 380,000 SH SOLE 380,000
Alkermes, Inc. COMMON 01642T108 3,529 340,000 SH SOLE 340,000
American Tower Corporation COMMON 029912201 10,027 550,000 SH SOLE 550,000
Annuity and Life Re (Holdi COMMON G03910109 470 500,000 SH SOLE 500,000
Apache Corporation COMMON 037411105 40,718 665,000 SH SOLE 665,000
Bank of America Corporatio COMMON 060505104 16,229 368,000 SH SOLE 368,000
Bancroft Convertible Fund COMMON 059695106 372 21,088 SH SOLE 21,088
Biogen Idec Inc. COMMON 09062X103 6,902 200,000 SH SOLE 200,000
Bristol-Myers Squibb Compa COMMON 110122108 7,638 300,000 SH SOLE 300,000
Berkshire Hathaway Inc. Cl COMMON 084670108 26,100 300 SH SOLE 300
Brooks Automation, Inc. COMMON 114340102 7,461 491,500 SH SOLE 491,500
Central Securities Corpora COMMON 155123102 2,797 119,319 SH SOLE 119,319
CIENA Corporation COMMON 171779101 946 550,000 SH SOLE 550,000
Costco Wholesale Corporati COMMON 22160K105 30,926 700,000 SH SOLE 700,000
Cisco Systems, Inc. COMMON 17275R102 16,101 900,000 SH SOLE 900,000
CEMEX, S.A. de C.V. ADR COMMON 151290889 39,875 1,100,000 SH SOLE 1,100,000
Cytokinetics, Incorporated COMMON 23282W100 1,804 275,000 SH SOLE 275,000
Diageo plc COMMON 25243Q205 19,915 350,000 SH SOLE 350,000
Dollar General Corporation COMMON 256669102 10,955 500,000 SH SOLE 500,000
Genentech, Inc. COMMON 368710406 22,644 400,000 SH SOLE 400,000
Devon Energy Corporation COMMON 25179M103 76,400 1,600,000 SH SOLE 1,600,000
EMC Corporation COMMON 268648102 3,696 300,000 SH SOLE 300,000
EMCORE Corporation COMMON 290846104 664 197,000 SH SOLE 197,000
EOG Resources, Inc. COMMON 26875P101 29,244 600,000 SH SOLE 600,000
Ethan Allen Interiors Inc. COMMON 297602104 8,800 275,000 SH SOLE 275,000
Golden West Financial COMMON 381317106 36,300 600,000 SH SOLE 600,000
Genaera Corporation COMMON 36867G100 616 270,000 SH SOLE 270,000
Halliburton Company COMMON 406216101 22,706 525,000 SH SOLE 525,000
The Home Depot, Inc. COMMON 437076102 73,421 1,920,000 SH SOLE 1,920,000
Juniper Networks, Inc. COMMON 48203R104 3,309 150,000 SH SOLE 150,000
Lafarge North America Inc. COMMON 505862102 5,307 90,800 SH SOLE 90,800
Lamar Advertising Company COMMON 512815101 20,145 500,000 SH SOLE 500,000
Medtronic, Inc. COMMON 585055106 22,928 450,000 SH SOLE 450,000
MedImmune, Inc. COMMON 584699102 10,834 455,000 SH SOLE 455,000
MetLife, Inc. COMMON 59156R108 15,640 400,000 SH SOLE 400,000
MFA Mortgage Investments, COMMON 55272X102 5,898 775,000 SH SOLE 775,000
Millennium Pharmaceuticals COMMON 599902103 1,010 120,000 SH SOLE 120,000
Molex Incorporated Class A COMMON 608554200 16,874 715,000 SH SOLE 715,000
Montpelier Re Holdings Ltd COMMON G62185106 3,866 110,000 SH SOLE 110,000
Microsoft Corporation COMMON 594918104 36,859 1,525,000 SH SOLE 1,525,000
M&T Bank Corporation COMMON 55261F104 31,639 310,000 SH SOLE 310,000
Annaly Mortgage Management COMMON 035710409 5,159 275,000 SH SOLE 275,000
NetIQ Corporation COMMON 64115P102 7,121 623,000 SH SOLE 623,000
PepsiCo, Inc. COMMON 713448108 7,954 150,000 SH SOLE 150,000
Pfizer Inc COMMON 717081103 33,494 1,275,000 SH SOLE 1,275,000
PartnerRe Ltd. COMMON G6852T105 30,685 475,000 SH SOLE 475,000
Patterson-UTI Energy, Inc. COMMON 703481101 16,263 650,000 SH SOLE 650,000
Everest Re Group, Ltd. COMMON G3223R108 53,194 625,000 SH SOLE 625,000
Reinsurance Group of Ameri COMMON 759351109 14,903 350,000 SH SOLE 350,000
Republic Services, Inc. COMMON 760759100 39,339 1,175,000 SH SOLE 1,175,000
Royce Value Trust COMMON 780910105 2,005 105,654 SH SOLE 105,654
SunTrust Banks, Inc. COMMON 867914103 14,774 205,000 SH SOLE 205,000
The TJX Companies, Inc. COMMON 872540109 61,575 2,500,000 SH SOLE 2,500,000
Total S.A. ADR COMMON 89151E109 38,686 330,000 SH SOLE 330,000
Transatlantic Holdings, In COMMON 893521104 16,522 249,500 SH SOLE 249,500
Unocal Corporation COMMON 915289102 46,267 750,000 SH SOLE 750,000
VeriSign, Inc. COMMON 92343E102 3,831 133,500 SH SOLE 133,500
Wal-Mart Stores, Inc. COMMON 931142103 33,824 675,000 SH SOLE 675,000