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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO
SECTION 13(f)OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Quarter Ended September 30, 1999
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If amended report check here: [ ]
Loews Corporation
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Name of Institutional Investment Manager
667 Madison Avenue New York New York 10021
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Business Address (Street) (City) (State) (Zip)
Barry Hirsch, Senior Vice President (212) 521-2920
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Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral
parts of this Form and that the submission of any amendment represents that
all unamended items, statements and schedules remain true, correct and
complete as previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned Institutional investment manager has caused this report to be
signed on its behalf in the City of New York and State of
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New York on the 12th day of November , 1999.
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Loews Corporation
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(Name of Institutional Investment Manager)
By: /s/ Barry Hirsch
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(Manual Signature of Person Duly Authorized
to Submit This Report)
Name and 13F file number of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report):
(List in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.: Name: 13F File
No.:
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1. None 6.
- -------------------------- ------------- ------------------------ -----------
2. 7.
- -------------------------- ------------- ------------------------ -----------
3. 8.
- -------------------------- ------------- ------------------------ -----------
4. 9.
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5. 10.
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Page 1 of 8 Pages
Loews Corporation
FORM 13F
Report for the Quarter Ended
September 30, 1999
Loews Corporation ("Loews"), by virtue of its approximately 86% ownership of
voting securities of CNA Financial Corporation whose business address is CNA
Plaza, Chicago, Illinois 60685 ("CNA"), may be deemed to have investment
discretion regarding certain securities (the "CNA Securities") as to which
investment discretion is deemed to be exercised by CNA. Pursuant to General
Instruction B of Form 13F, CNA is reporting on behalf of Loews regarding the
CNA Securities.
Mr. Laurence A. Tisch and Mr. Preston R. Tisch own in the aggregate
approximately 33% of the outstanding Common Stock of Loews. Mr. Laurence A.
Tisch and Mr. Preston R. Tisch are the Co-Chairman of the Board of Loews.
Laurence A. Tisch and Preston R. Tisch are brothers and may be deemed to be
control persons of Loews.
Page 2 of 8 Pages
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Investment Discretion
-----------------------
Title Fair Market Shares or (b) Shared- Managers Voting Authority (Shares)
of CUSIP Value (In Principal As Defined (c)Shared- See -------------------------
Name of Issuer Class Number Thousands) Amount (a)Sole In Instr. v Other Instr. v (a)Sole (b)Shared (c)None
Agnico Eagle
Mines Common 008474108 $ 9,300 1,200,000 X 1,200,000
Amcast Ind.
Corp. Common 023395106 666 50,000 X 50,000
America On Line, Common 02364J104 4,163 40,000 X 40,000
Inc.
AMR Corp. Common 001765106 545 10,000 X 10,000
Barrick Gold
Corp. Common 067901108 27,188 1,250,000 X 1,250,000
Battle Mountain Common 071593107 1,913 600,000 X 600,000
Gold
BE Aerospace Inc. Common 073302101 238 20,000 X 20,000
Beckman Coulter Common 075811109 903 20,000 X 20,000
Inc.
Boeing Co. Common 097023105 4,902 115,000 X 115,000
CNA Financial Common 126117100 5,540,937 158,312,480 X 158,312,480
Corp.
Cadiz Inc. Common 127535108 4,599 480,900 X 480,900
Cambior Inc. Common 13201L103 1,050 300,000 X 300,000
CHUBB Corp. Common 171232101 1,985 40,000 X 40,000
Coca Cola Co. Common 191219104 531 11,000 X 11,000
Consolidated Common 209232107 198 20,000 X 20,000
Frtwys
Delta Airlines Common 247361108 970 20,000 X 20,000
Diamond Offshore Common 25271C102 2,339,588 70,100,000 X 70,100,000
DuPont E.I. De Common 263534109 3,025 50,000 X 50,000
Nemours -----------
TOTAL $ 7,942,701
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Page 3 of 8 Pages
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Investment Discretion
-----------------------
Title Fair Market Shares or (b) Shared- Managers Voting Authority (Shares)
of CUSIP Value (In Principal As Defined (c)Shared- See -------------------------
Name of Issuer Class Number Thousands) Amount (a)Sole In Instr. v Other Instr. v (a)Sole (b)Shared (c)None
FDX Corp. Common 31304N107 $ 5,831 150,000 X 150,000
Furniture Brands Common 360921100 1,403 71,250 X 71,250
International
Glamis Gold Common 376775102 2,500 1,000,000 X 1,000,000
Homestake Mining Common 437614100 40,159 4,375,000 X 4,375,000
Houston Explora- Common 442120101 1,410 65,000 X 65,000
tion Company
IDT Corp. Common 448947101 3,239 154,700 X 154,700
IMC Global Inc. WT 449669118 16,180 11,111 X 11,111
122200
Kinross Gold
Corp. Common 496902107 2,990 1,040,000 X 1,040,000
Landamerica Common 514936103 4,021 203,600 X 203,600
Financial Group
Med-Design Inc. Common 583926100 76 20,000 X 20,000
Metromedia Int'l. Common 591695101 207 50,213 X 50,213
Group Inc.
Mine Safety Common 602720104 960 16,000 X 16,000
Appliances Co.
Miramar Mining Common 60466E100 370 500,000 X 500,000
Corp.
Navistar Int'l. Common 63934E108 2,325 50,000 X 50,000
Inc.
On Command Corp. Common 682160106 1,411 74,287 X 74,287
On Command Corp. WTS B 682160122 151 23,697 X 23,697
100703
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TOTAL $ 83,233
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Page 4 of 8 Pages
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Investment Discretion
-----------------------
Title Fair Market Shares or (b) Shared- Managers Voting Authority (Shares)
of CUSIP Value (In Principal As Defined (c)Shared- See -------------------------
Name of Issuer Class Number Thousands) Amount (a)Sole In Instr. v Other Instr. v (a)Sole (b)Shared (c)None
Owens Illionis Common 690768403 $ 991 50,000 X 50,000
Inc.
Perrigo Co. Common 714290103 626 79,500 X 79,500
Pixar Inc. Common 725811103 1,505 40,000 X 40,000
Placer Dome Common 725906101 30,494 2,050,000 X 2,050,000
Pfizer, Inc. Common 717081103 1,435 40,000 X 40,000
Potash Corp. Common 73755L107 1,033 20,000 X 20,000
Staples Inc. Common 855030102 873 40,000 X 40,000
Stillwater Mining Common 86074Q102 9,910 368,750 X 368,750
Co.
Sunrise Assist Common 86768K106 1,063 40,000 X 40,000
Living
Taiwan Common 874039100 10,017 2,383,740 X 2,383,740
Semiconductor
TJ Int'l. Common 872534102 251 10,000 X 10,000
TVX Gold Inc. Common 87308K101 3,713 2,700,000 X 2,700,000
Tetra Tech. Inc. Common 88162F105 668 40,000 X 40,000
Texas Industries Common 882491103 740 20,000 X 20,000
Thermedics Inc. Common 883901100 1,180 160,000 X 160,000
Thermo Cardio Common 88355K200 1,283 180,000 X 180,000
System
Thermo Cardio SbDbCv
System 144A 04 88355KAA9 820 1,000,000 X 1,000,000
Thermo Electron Common 883556102 1,035 77,000 X 77,000
Corp. -----------
TOTAL $ 67,637
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Page 5 of 8 Pages
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Investment Discretion
-----------------------
Title Fair Market Shares or (b) Shared- Managers Voting Authority (Shares)
of CUSIP Value (In Principal As Defined (c)Shared- See -------------------------
Name of Issuer Class Number Thousands) Amount (a)Sole In Instr. v Other Instr. v (a)Sole (b)Shared (c)None
Thermo Electron SubDbCv 883556AF9 $ 860 1,000,000 X 1,000,000
Corp. 144A 03
Thermotrex Corp. SubDbCv 883666AA7 330 500,000 X 500,000
3.25% 07
Windmere-Durable Common 973411101 1,206 100,000 X 100,000
Holdings, Inc.
USG Corp. Common 903293405 9,525 200,000 X 200,000
AMR Corp. Common 001765956 3,270 60,000(p) X 60,000(p)
Barrick Gold
Corp. Common 067901908 5,438 250,000(c) X 250,000(c)
Barrick Gold
Corp. Common 067901958 16,313 750,000(p) X 750,000(p)
Beckman Coulter, Common 075811959 903 20,000(p) X 20,000(p)
Inc.
Boeing Common 097023955 5,968 140,000(p) X 140,000(p)
Cadiz Inc. Common 127537908 239 25,000(c) X 25,000(c)
Caterpillar Inc. Common 149123951 9,866 180,000(p) X 180,000(p)
Del.
Chase Manhattan Common 16161A958 7,538 100,000(p) X 100,000(p)
Corp.
Chubb Corp. Common 171232901 993 20,000(c) X 20,000(c)
Chubb Corp. Common 191232951 1,985 40,000(p) X 40,000(p)
Clear Channel Common 184502952 7,988 100,000(p) X 100,000(p)
Delta Airlines Common 247361958 3,880 80,000(p) X 80,000(p)
Disney Walt Co. Common 254687906 58,500 2,250,000(c) X 2,250,000(c)
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TOTAL $ 134,802
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Page 6 of 8 Pages
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Investment Discretion
-----------------------
Title Fair Market Shares or (b) Shared- Managers Voting Authority (Shares)
of CUSIP Value (In Principal As Defined (c)Shared- See -------------------------
Name of Issuer Class Number Thousands) Amount (a)Sole In Instr. v Other Instr. v (a)Sole (b)Shared (c)None
Disney Walt Co. Common 254687956 $ 125,788 4,838,000(p) X 4,838,000(p)
Dow Chemical Co. Common 260543953 7,954 70,000(p) X 70,000(p)
DuPont E I De Common 263545959 4,235 70,000(p) X 70,000(p)
Nemours
Exxon Corp. Common 302290951 9,880 130,000(p) X 130,000(p)
FDX Corp. Common 31304N957 7,775 200,000(p) X 200,000(p)
General Electric Common 369604953 16,599 140,000(p) X 140,000(p)
Corp.
Homestake Mining Common 437614900 15,619 1,700,000(c) X 1,700,000(c)
Homestake Mining Common 437614950 10,750 1,170,000(p) X 1,170,000(p)
Merrill Lynch Common 590188958 6,738 100,000(p) X 100,000(p)
& Co.
Minn. Mng. & Man. Common 604059955 3,843 40,000(p) X 40,000(p)
Navistar Int'l, Common 63934E958 2,325 50,000(p) X 50,000(p)
Inc.
Nike, Inc. Common 654106953 2,844 50,000(p) X 50,000(p)
Owens Illinois Common 690768953 99 50,000(p) X 50,000(p)
Inc.
Pfizer, Inc. Common 717081953 2,153 60,000(p) X 60,000(p)
Placer Dome Common 725906901 8,181 550,000(c) X 550,000(c)
Placer Dome Common 725906951 6,322 425,000(p) X 425,000(p)
Potash Corp. Common 73755L957 3,098 60,000(p) X 60,000(p)
Schlumberger Ltd. Common 806857958 2,493 40,000(p) X 40,000(p)
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TOTAL $ 236,696
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Page 7 of 8 Pages
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Investment Discretion
-----------------------
Title Fair Market Shares or (b) Shared- Managers Voting Authority (Shares)
of CUSIP Value (In Principal As Defined (c)Shared- See -------------------------
Name of Issuer Class Number Thousands) Amount (a)Sole In Instr. v Other Instr. v (a)Sole (b)Shared (c)None
Amazon Com. Inc. Common 023135906 $ 799 10,000(c) X 10,000(c)
America Online Common 023645904 1,041 10,000(c) X 10,000(c)
America Online Common 02364J954 5,203 50,000(p) X 50,000(p)
CDW Computer Common 125129956 1,955 40,000(p) X 40,000(p)
Clear Channel Common 184502952 6,390 80,000(p) X 80,000(p)
Coca Cola Common 191219954 3,860 80,000(p) X 80,000(p)
Gateway Common 367833950 1,760 40,000(p) X 40,000(p)
Intel Common 458140950 2,973 40,000(p) X 40,000(p)
IBM Common 459200951 2,420 20,000(p) X 20,000(p)
Micron Tech. Common 595112903 665 10,000(c) X 10,000(c)
Micron Tech. Common 595112953 1,995 30,000(p) X 30,000(p)
Priceline.Com Common 741503906 645 10,000(c) X 10,000(c)
Seitel Inc. Common 816074956 98 10,000(p) X 10,000(p)
Staples, Inc. Common 855030952 873 40,000(p) X 40,000(p)
Sunrise Assisted Common 86768K956 1,063 40,000(p) X 40,000(p)
Living Inc.
U.S. Airways Common 911905957 788 30,000(p) X 30,000(p)
Windmere Durable Common 973411901 482 40,000(c) X 40,000(c)
Holdings Inc. -----------
TOTAL $ 33,010
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AGGREGATE TOTAL $ 8,498,079
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Page 8 of 8 Pages