UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2003
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 October 28, 2003
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: 56
Form 13F Information Table Value Total: $781,943,153
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 1,057,957 89,430 N X 89,430
American International Gro COMMON 026874107 19,329,500 335,000 N X 335,000
Alkermes, Inc. COMMON 01642T108 4,664,800 340,000 N X 340,000
Applied Materials, Inc. COMMON 038222105 3,626,000 200,000 N X 200,000
Annuity and Life Re (Holdi COMMON G03910109 1,140,000 1,000,000 N X 1,000,000
ASM International N.V. COMMON N07045102 3,682,500 250,000 N X 250,000
The Boeing Company COMMON 097023105 686,600 20,000 N X 20,000
Baxter International Inc. COMMON 071813109 26,154,000 900,000 N X 900,000
Bancroft Convertible Fund COMMON 059695106 340,320 17,725 N X 17,725
Bristol-Myers Squibb Compa COMMON 110122108 7,698,000 300,000 N X 300,000
Berkshire Hathaway Inc. COMMON 084670108 22,500,000 300 N X 300
Brooks Automation, Inc. COMMON 114340102 10,272,350 491,500 N X 491,500
Coca-Cola Enterprises Inc. COMMON 191219104 5,241,500 275,000 N X 275,000
Central Securities Corpora COMMON 155123102 2,083,488 105,976 N X 105,976
CIENA Corporation COMMON 171779101 3,223,000 550,000 N X 550,000
Costco Wholesale Corporati COMMON 22160K105 21,805,000 700,000 N X 700,000
Cox Communications, Inc. - COMMON 224044107 19,604,400 620,000 N X 620,000
Cisco Systems, Inc. COMMON 17275R102 17,631,000 900,000 N X 900,000
Genentech, Inc. COMMON 368710406 26,846,900 335,000 N X 335,000
Devon Energy Corporation COMMON 25179M103 13,459,467 279,300 N X 279,300
EMC Corporation COMMON 268648102 3,789,000 300,000 N X 300,000
EMCORE Corporation COMMON 290846104 579,180 197,000 N X 197,000
Ethan Allen Interiors Inc. COMMON 297602104 9,900,000 275,000 N X 275,000
Golden West Financial COMMON 381317106 35,804,000 400,000 N X 400,000
Genaera Corporation COMMON 36867G100 1,277,100 270,000 N X 270,000
Genta Incorporated COMMON 37245M207 4,751,250 375,000 N X 375,000
Halliburton Company COMMON 406216101 15,762,500 650,000 N X 650,000
The Home Depot, Inc. COMMON 437076102 61,948,250 1,945,000 N X 1,945,000
Health Net, Inc. COMMON 42222G108 22,010,650 695,000 N X 695,000
IDEC Pharmaceuticals Corpo COMMON 449370105 9,154,750 275,000 N X 275,000
John Hancock Financial Ser COMMON 41014S106 14,365,000 425,000 N X 425,000
Juniper Networks, Inc. COMMON 48203R104 6,750,000 450,000 N X 450,000
Medtronic, Inc. COMMON 585055106 13,606,800 290,000 N X 290,000
MedImmune, Inc. COMMON 584699102 7,729,020 234,000 N X 234,000
MedImmune Vaccines, Inc. 5 CONV C 053762AD2 10,050,000 10,000,000 N X 10,000,000
MetLife, Inc. COMMON 59156R108 12,201,750 435,000 N X 435,000
Millennium Pharmaceuticals COMMON 599902103 1,854,000 120,000 N X 120,000
Molex Incorporated Class A COMMON 608554200 16,945,475 692,500 N X 692,500
M&T Bank Corporation COMMON 55261F104 27,063,000 310,000 N X 310,000
Max Re Capital Ltd. COMMON G6052F103 1,872,200 110,000 N X 110,000
Annaly Mortgage Management COMMON 035710409 9,441,500 575,000 N X 575,000
Newell Rubbermaid Inc. COMMON 651229106 2,708,750 125,000 N X 125,000
OSI Pharmaceuticals, Inc. COMMON 671040103 2,448,750 75,000 N X 75,000
PepsiCo, Inc. COMMON 713448108 6,874,500 150,000 N X 150,000
Pfizer Inc COMMON 717081103 33,418,000 1,100,000 N X 1,100,000
PartnerRe Ltd. COMMON G6852T105 25,335,000 500,000 N X 500,000
Everest Re Group, Ltd. COMMON G3223R108 51,860,400 690,000 N X 690,000
Reinsurance Group of Ameri COMMON 759351109 17,318,750 425,000 N X 425,000
Republic Services, Inc. COMMON 760759100 26,602,000 1,175,000 N X 1,175,000
Royce Value Trust COMMON 780910105 1,460,946 92,759 N X 92,759
SunTrust Banks, Inc. COMMON 867914103 13,583,250 225,000 N X 225,000
The TJX Companies, Inc. COMMON 872540109 48,550,000 2,500,000 N X 2,500,000
Transatlantic Holdings, In COMMON 893521104 16,357,600 230,000 N X 230,000
VeriSign, Inc. COMMON 92343E102 4,711,000 350,000 N X 350,000
Wal-Mart Stores, Inc. COMMON 931142103 31,834,500 570,000 N X 570,000
Zarlink Semiconductor Inc. COMMON 989139100 977,500 250,000 N X 250,000