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, 2000
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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 9th day of November, 2000.
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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.
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3. 8.
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4. 9.
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5. 10.
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Page 1 of 8 Pages
Loews Corporation
FORM 13F
Report for the Year Ended
September 30, 2000
Loews Corporation ("Loews"), by virtue of its approximately 87% 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 30% 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
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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 Ltd. Common 008474108 $ 7,271 1,251,000 X 1,251,000
Amcast Ind.
Corp. Common 023395106 566 60,000 X 60,000
Apex Silver
Mines Ltd. Common G04074103 3,382 334,000 X 334,000
Apex Silver WTS G04074111 261 167,000 X 167,000
Mines Ltd. 110402
Applica Inc. Common 03815A106 408 66,000 X 66,000
Archer Daniels
Midland Co. Common 039483102 75,302 8,730,645 X 8,730,645
Barrick Gold
Corp. Common 067901108 24,954 1,636,300 X 1,636,300
Battle Mountain
Gold Co. Common 071593107 1,050 600,000 X 600,000
Boeing Co. Common 097023105 1,260 20,000 X 20,000
Cadiz Inc. Common 127537108 1,500 150,000 X 150,000
Cambior Inc. Common 13201L103 150 300,000 X 300,000
Caterpillar Inc. Common 149123101 2,025 60,000 X 60,000
Chubb Corp. Common 171232101 1,187 15,000 X 15,000
CNA Financial
Corp. Common 126117100 6,099,248 159,457,480 X 159,457,480
Consolidated
Frtwys Corp. Common 209232107 500 100,000 X 100,000
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TOTAL $ 6,219,064
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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
Diamond Offshore
Drilling, Inc. Common 25271C102 $ 2,869,719 70,100,000 X 70,100,000
Dow Chemical Co. Common 260543103 3,741 150,000 X 150,000
DuPont E.I. De
Nemours & Co. Common 263534109 2,072 50,000 X 50,000
Furniture Brands
International Common 360921100 1,185 71,250 X 71,250
Goodyear Tire &
Rubber Co. Common 382550101 720 40,000 X 40,000
General Motors
Corp. Common 370442105 4,550 70,000 X 70,000
Glamis Gold Ltd. Common 376775102 1,500 1,000,000 X 1,000,000
Homestake Mining Common 437614100 24,231 4,671,000 X 4,671,000
IMC Global Inc. WT 449669118 11,111 X 11,111
122200
Intl. Paper Inc. Common 460146103 5,738 200,000 X 200,000
Intel Corp. Common 458140100 831 20,000 X 20,000
Kinross Gold
Corp. Common 496902107 574 1,020,000 X 1,020,000
Knightsbridge
Tankers Ltd. Common G5299G106 2,669 122,000 X 122,000
Lihir Gold Ltd. Sponsored 532349107 828 2,500,000 X 2.500,000
ADR
Lernout & Hauspie
Speech Prods. Common B5628B104 131 10,000 X 10,000
Maytag Corp. Common 578592107 3,106 100,000 X 100,000
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TOTAL $ 2,921,595
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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
Med-Design Corp. Common 583926100 $ 296 20,000 X 20,000
Metromedia Int'l.
Group Inc. Common 591695101 188 50,213 X 50,213
Mine Safety
Appliances Co. Common 602720104 750 34,000 X 34,000
Navistar Int'l.
Corp. Common 63934E108 2,395 80,000 X 80,000
Nvidia Corp. Common 67066G104 1,638 20,000 X 20,000
On Command Corp. Common 682160106 912 74,287 X 74,287
On Command Corp. WTS B 682160122 62 23,697 X 23,697
100703
Owens-Illinois
Inc. Common 690768403 740 80,000 X 80,000
J.C. Penney Co. Common 708160106 591 50,000 X 50,000
Perrigo Co. Common 714290103 684 100,000 X 100,000
Placer Dome Inc. Common 725906101 19,847 2,103,000 X 2,103,000
Potash Corp.
Sask Inc. Common 73755L107 5,230 100,000 X 100,000
Seagate
Technology Inc. Common 811804103 11,785 170,800 X 170,800
Stillwater Mining
Co. Common 86074Q102 2,121 78,350 X 78,350
Snap On Inc. Common 833034101 1,614 68,500 X 68,500
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TOTAL $ 48,853
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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
Telefonos SPON 879403780 $ 1,596 30,000 X 30,000
de Mexico ADR
ORD L
Thermo Cardio
Systems Inc. Common 88355K200 3,437 390,000 X 390,000
TVX Gold Inc. Common 87308K101 876 539,000 X 539,000
USG Corp. Common 903293405 501 20,000 X 20,000
Western Res Inc. Common 959425109 1,081 50,000 X 50,000
Barrick Gold
Corp. Common 067901908 3,344 219,300(c) X 219,300(c)
Barrick Gold
Corp. Common 067901958 9,913 650,000(p) X 650,000(p)
Boeing Common 097023955 7,245 115,000(p) X 115,000(p)
Bristol Meyers
Squibb Co. Common 110122958 2,285 40,000(p) X 40,000(p)
Caterpillar Inc. Common 149123951 6,075 180,000(p) X 180,000(p)
Chase Manhattan
Corp. Common 16161A958 1,850 40,000(p) X 40,000(p)
Chubb Corp. Common 191232951 5,539 70,000(p) X 70,000(p)
Deere & Co. Common 244199955 8,313 250,000(p) X 250,000(p)
Dow Chemical Co. Common 260543953 4,489 180,000(p) X 180,000(p)
DuPont E I de
Nemours & Co. Common 263534959 2,072 50,000(p) X 50,000(p)
Exxon Mobil Corp. Common 30231G952 2,674 30,000(p) X 30,000(p)
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TOTAL $ 61,290
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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
Ford Motor Co. Common 345370950 $ 2,531 100,000(p) X 100,000(p)
General Electric
Corp. Common 369604953 27,690 480,000(p) X 480,000(p)
General Motors Common 370442955 5,200 80,000(p) X 80,000(p)
Corp.
GoodYear Tire &
Rubber Co. Common 382550951 2,340 130,000(p) X 130,000(p)
Homestake Mining Common 437614900 9,597 1,850,000(c) X 1,850,000(c)
Homestake Mining Common 437614950 6,069 1,170,000(p) X 1,170,000(p)
Intl Paper Co. Common 460146953 5,738 200,000(p) X 200,000(p)
K Mart Corp. Common 482584959 1,188 200,000(p) X 200,000(p)
Maytag Corp. Common 578592907 621 20,000(c) X 20,000(c)
Maytag Corp. Common 578592957 7,764 250,000(p) X 250,000(p)
Merrill Lynch
& Co. Inc. Common 590188958 2,640 40,000(p) X 40,000(p)
Minn. Mng. & Man. Common 604059955 3,645 40,000(p) X 40,000(p)
Navistar Int'l,
Corp. Common 63934E958 2,395 80,000(p) X 80,000(p)
Owens-Illinois
Inc. Common 690768953 740 80,000(p) X 80,000(p)
J.C. Penney Co. Common 708160906 709 60,000(c) X 60,000(c)
J.C. Penney Co. Common 708160956 709 60,000(p) X 60,000(p)
Pfizer, Inc. Common 717081953 4,044 90,000(p) X 90,000(p)
Placer Dome Common 725906901 8,635 915,000(c) X 915,000(c)
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TOTAL $ 92,255
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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
Placer Dome Common 725906951 $ 3,539 375,000(p) X 375,000(p)
Potash Corp. Common 73755L907 523 10,000(c) 10,000(c)
Sask Inc.
Potash Corp.
Sask Inc. Common 73755L957 8,370 160,000(p) X 160,000(p)
Schlumberger Ltd. Common 806857958 1,646 20,000(p) X 20,000(p)
Stillwater Mining Common 86074Q902 541 20,000(c) X 20,000(c)
Gateway Inc. Common 367626958 1,880 40,000(p) X 40,000(p)
IBM Common 459200951 3,371 30,000(p) X 30,000(p)
Intel Common 458140950 1,247 30,000(p) X 30,000(p)
Lernout & Hauspie Common B5628B954 525 40,000(p) X 40,000(p)
Speech Prods
Micron Tech. Common 595112903 1,388 30,000(c) X 30,000(c)
Nvidia Corp. Common 67066G904 2,456 30,000(c) X 30,000(c)
Nvidia Corp. Common 67066G954 2,456 30,000(p) X 30,000(p)
Salton Inc. Common 795757953 1,293 40,000(p) X 40,000(p)
THQ Inc. Common 872443953 698 30,000(p) X 30,000(p)
Western Res Inc. Common 959425959 1,081 50,000(p) X 50,000(p)
Viacom Inc. Common 925524958 1,173 20,000(p) X 20,000(p)
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TOTAL $ 32,187
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AGGREGATE TOTAL $ 9,375,244
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Page 8 of 8 Pages
