# EDGAR Filing Document

**Accession Number:** 0000040417
**File Stem:** 0001387131-23-002279
**Filing Date:** 2023-2
**Character Count:** 25681
**Document Hash:** cfa424a3b908fd05c694a9b8ec8af8df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002279.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001387131-23-002279

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GENERAL AMERICAN INVESTORS CO INC
- **CENTRAL INDEX KEY:** 0000040417
- **IRS NUMBER:** 135098450
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00041
- **FILM NUMBER:** 23651971

**BUSINESS ADDRESS:**
- **STREET 1:** 530 FIFTH AVE
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 2129168400

**MAIL ADDRESS:**
- **STREET 1:** 530 FIFTH AVE
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** GENERAL AMERICAN INVESTORS CO INC

- **b. Investment Company Act file number:** 811-00041

- **c. CIK number of Registrant:** 0000040417

- **d. LEI of Registrant:** 254900MHIF9G7IS1T951

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 530 Fifth Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 2129168400

**Item A.2. Information about the Series.**

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1252456830.00

**Total Liabilities:** $211297185.00

**Net Assets:** $1041159645.00

**Assets Attributable to Miscellaneous Securities:** $5966888.00

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 7.56%                | 8.36%                | -5.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3668891.00             | $83835892.00                               |
| Month 2  | $5840047.00              | $71972620.00                               |
| Month 3  | $-273294.00              | $-60085812.00                              |

### Schedule of Portfolio Investments

| Name                                     | Title                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                      | Common Stock                         | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     62000 | NS      | $6806980.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc.                               | Common Stock                         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     30000 | NS      | $10095900.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Limited               | Common Stock                         | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |    415141 | NS      | $21583180.59  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AIXTRON SE                               | Common Stock                         | CUSIP: N/A<br>LEI: 5299004UJ4D51M25LD67       | Long             | EC               | CORP              | DE        |    383364 | NS      | $11067727.43  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc. - Class A               | Common Stock                         | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |   1400842 | NS      | $14162512.62  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Algoma Steel Group Inc.                  | Common Stock                         | CUSIP: 015658107<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |    970960 | NS      | $6155886.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc. - Class C                  | Common Stock                         | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    510000 | NS      | $45252300.00  | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                         | Common Stock                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    286000 | NS      | $24024000.00  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc.                                | Common Stock                         | CUSIP: 00183L102<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |   1481732 | NS      | $3482070.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                               | Common Stock                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    321000 | NS      | $41707530.00  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                  | Common Stock                         | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     61652 | NS      | $6003671.76   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                  | Common Stock                         | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |    913403 | NS      | $57343440.34  | 5.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                        | NY Reg Shrs                          | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     79600 | NS      | $43493440.00  | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Limited            | Common Stock                         | CUSIP: G0692U109<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    250000 | NS      | $13542500.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc.                   | Common Stock                         | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    394592 | NS      | $16628106.88  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc. - Class A        | Common Stock                         | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       110 | NS      | $51558205.60  | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc.                            | Common Stock                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     30000 | NS      | $16773900.00  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                       | Common Stock                         | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    619230 | NS      | $14037944.10  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                      | Common Stock                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81991 | NS      | $14716564.59  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                      | Common Stock                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    500000 | NS      | $23820000.00  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc.                    | Common Stock                         | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    313593 | NS      | $5051983.23   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation             | Common Stock                         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     53000 | NS      | $24194500.00  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation plc                    | Common Stock                         | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     86131 | NS      | $13518260.45  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                       | MLP                                  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   1470030 | NS      | $17449256.10  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group, Ltd.                   | Common Stock                         | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |    129196 | NS      | $42798758.92  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                      | Common Stock                         | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167065 | NS      | $14634894.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                    | Common Stock                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    119900 | NS      | $10293415.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulf Coast Ultra Deep Royalty Trust      | Royalty Trst                         | CUSIP: 40222T104<br>LEI: 549300LVVWU3NPP3DF95 | Long             | EC               | CORP              | US        |   1173370 | NS      | $45761.43     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corporation                         | Common Stock                         | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     83512 | NS      | $11843671.84  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corporation                     | Common Stock                         | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    198248 | NS      | $5447855.04   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Intra-Cellular Therapies, Inc.           | Common Stock                         | CUSIP: 46116X101<br>LEI: 5299002U2KGF193IJA20 | Long             | EC               | CORP              | US        |    283439 | NS      | $14999591.88  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                     | Common Stock                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     80000 | NS      | $10728000.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                     | Common Stock                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |    100000 | NS      | $14506000.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                        | Common Stock                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    179326 | NS      | $19896219.70  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc. - Class A           | Common Stock                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     29500 | NS      | $3550030.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc. - Class A           | Common Stock                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                      | Common Stock                         | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                            | Common Stock                         | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    170327 | NS      | $12326564.99  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                    | Common Stock                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    235000 | NS      | $56357700.00  | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet, Inc. - Class A                   | Common Stock                         | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |    243415 | NS      | $22089911.25  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle S.A.                              | Common Stock                         | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |    325000 | NS      | $37658032.77  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Paratek Pharmaceuticals, Inc.            | Common Stock                         | CUSIP: 699374302<br>LEI: 5493007V5QDIWECEYV79 | Long             | EC               | CORP              | US        |   1884393 | NS      | $3523814.91   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                            | Common Stock                         | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    140000 | NS      | $25292400.00  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                              | Common Stock                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    345808 | NS      | $17719201.92  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corporation        | Common Stock                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    165000 | NS      | $16651800.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.          | Common Stock                         | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     15076 | NS      | $10877183.24  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                  | Common Stock                         | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    524895 | NS      | $67706206.05  | 6.50%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                        | Common Stock                         | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    257950 | NS      | $36113000.00  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                        | Common Stock                         | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corporation                       | Common Stock                         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     95000 | NS      | $14158800.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corporation                       | Common Stock                         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corporation                       | Common Stock                         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corporation                       | Common Stock                         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Companies, Inc./The                  | Common Stock                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    550092 | NS      | $43787323.20  | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Companies, Inc./The                  | Common Stock                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                 | Common Stock                         | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     31620 | NS      | $10194604.20  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                  | Common Stock                         | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    400000 | NS      | $9892000.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                             | Common Stock                         | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |    435000 | NS      | $21824805.95  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corporation            | Common Stock                         | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58009 | NS      | $6267292.36   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Valneva SE                               | Common Stock                         | CUSIP: F9635C101<br>LEI: 969500DIVIP5VKNW4948 | Long             | EC               | CORP              | FR        |    223201 | NS      | $1487071.67   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Valneva SE - ADS                         | ADR                                  | CUSIP: 92025Y103<br>LEI: 969500DIVIP5VKNW4948 | Long             | EC               | CORP              | FR        |    345000 | NS      | $4416000.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VBI Vaccines, Inc.                       | Common Stock                         | CUSIP: 91822J103<br>LEI: 52990076U5YRLVGDJE40 | Long             | EC               | CORP              | US        |   1877497 | NS      | $734289.08    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Venator Materials PLC                    | Common Stock                         | CUSIP: G9329Z100<br>LEI: 549300WFXC4YL5IHX316 | Long             | EC               | CORP              | GB        |    874076 | NS      | $471913.63    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company /The                 | Common Stock                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    111478 | NS      | $9685208.64   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SS Inst. Treas Plus MM Fund TPL          | Open-End Fund                        | CUSIP: 85749Q448<br>LEI: 549300PNASLVKQG64331 | Long             |  | CORP              | US        |  71841530 | PA      | $71841529.95  | 6.90%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Department of the Treasury | US Treasury Bill 3.014% Due 02-16-23 | CUSIP: 912796X79<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24903719.50  | 2.39%             | 2023-02-16      | None          | 3.01%                 | No            |                  2 | On Loan: No      |
| United States Department of the Treasury | US Treasury Bill 4.134% Due 02-16-23 | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24867957.75  | 2.39%             | 2023-02-16      | None          | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Department of the Treasury | US Treasury Bill 4.547% Due 06-29-23 | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24435198.00  | 2.35%             | 2023-06-29      | None          | 4.55%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-21

**Name of Applicant:** GENERAL AMERICAN INVESTORS CO INC

**Signature:** /s/ Eugene S. Stark

**Name of Signer:** Eugene S. Stark

**Title:** Vice-President, CCO, PFO