UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F HOLDINGS REPORT
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 June 30, 1999
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| (Please read instructions before preparing form.) |
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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.
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|Intentional misstatements or omissions of facts constitute Federal Criminal |
|Violations. |
| See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
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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 16th day of August , 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.
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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 Quarter Ended
June 30, 1999
Loews Corporation ("Loews"), by virtue of its approximately 85% 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 32% 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
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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 $ 7,425 1,200,000 X 1,200,000
Amcast Ind.
Corp. Common 023395106 816 50,000 X 50,000
America On Line, Common 02364J104 2,750 25,000 X 25,000
Inc.
Barrick Gold
Corp. Common 067901108 25,551 1,318,800 X 1,318,800
Battle Mountain Common 071593107 1,706 700,000 X 700,000
Gold
BE Aerospace Inc. Common 073302101 374 20,000 X 20,000
Beckman Coulter Common 075811109 973 20,000 X 20,000
Inc.
Boeing Co. Common 097023105 5,060 115,000 X 115,000
CNA Financial Common 126117100 6,350,379 157,528,780 X 157,528,780
Corp.
Cadiz Inc. Common 127535108 4,609 488,400 X 488,400
Cambior Inc. Common 13201L103 975 300,000 X 300,000
Coltec
Industries Common 196879100 868 40,000 X 40,000
Consolidated Common 209232107 128 10,000 X 10,000
Frtwys
Diamond Offshore Common 25271C102 1,989,088 70,100,000 X 70,100,000
DuPont E.I. De Common 263534109 2,733 40,000 X 40,000
Nemours
EEX Corp. Common 26842V207 3,416 492,333 X 492,333
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TOTAL $ 8,396,851
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Page 3 of 8 Pages
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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 $ 8,138 150,000 X 150,000
Fairfield Common 304231301 714 44,300 X 44,300
Communities, Inc.
Furniture Brands Common 360921100 1,986 71,250 X 71,250
International
Glamis Gold Common 376775102 1,875 1,000,000 X 1,000,000
Hanover
Compressor Common 410768105 321 10,000 X 10,000
Homestake Mining Common 437614100 21,802 2,671,000 X 2,671,000
Houston Explora- Common 442120101 1,231 65,000 X 65,000
tion Company
Kinross Gold
Corp. Common 496902107 1,755 1,040,000 X 1,040,000
Metromedia Int'l. Common 591695101 377 50,213 X 50,213
Group Inc.
Mine Safety Common 602720104 896 14,000 X 14,000
Appliances Co.
Minn. Mng. & Man Common 604059105 4,347 50,000 X 50,000
Miramar Mining Common 60466E100 300 500,000 X 500,000
Corp.
Navistar Int'l. Common 63934E108 2,500 50,000 X 50,000
Inc.
On Command Corp. Common 682160106 1,309 74,287 X 74,287
On Command Corp. WTS B 682160122 154 23,697 X 23,697
100703
PLC Systems Inc. Common 69341D104 70 20,000 X 20,000
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TOTAL $ 47,775
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</TABLE>
Page 4 of 8 Pages
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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
Peoples Bank Common 710198102 $ 1,522 50,000 X 50,000
(Bridgeport)
Perrigo Co. Common 714290103 606 79,500 X 79,500
Placer Dome Common 725906101 17,625 1,500,000 X 1,500,000
Pfizer, Inc. Common 717081103 2,180 20,000 X 20,000
Stillwater Mining Common 86074Q102 11,984 368,750 X 368,750
Co.
TJ Int'l. Common 872534102 930 30,000 X 30,000
TVX Gold Inc. Common 87308K101 2,800 2,800,000 X 2,800,000
Texas Industries Common 882491103 1,550 40,000 X 40,000
Thermo Cardio SB DB
System CV 88355KAA9 1,958 180,000 X 180,000
144A 04
Thero Electron SubDbCv 883556AF9 1,545 77,000 X 77,000
Corp. 144A 03
Windmere-Durable Common 973411101 2,531 150,000 X 150,000
Holdings, Inc.
Thermedics Inc. Common 883901100 1,491 160,000 X 160,000
USG Corp. Common 903293405 12,320 220,000 X 220,000
AMR Corp. Common 001765956 1,365 20,000(p) X 20,000(p)
Barrick Gold
Corp. Common 067901908 3,875 200,000(c) X 200,000(c)
Barrick Gold
Corp. Common 067901958 10,656 550,000(p) X 550,000(p)
Beckman Coulter, Common 075811959 973 20,000(p) X 20,000(p)
Inc. -----------
TOTAL $ 75,911
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Page 5 of 8 Pages
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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
Boeing Common 097023955 $ 5,373 140,000(p) X 140,000(p)
Caterpillar Inc. Common 149123951 9,000 150,000(p) X 150,000(p)
Del.
Chase Manhattan Common 16161A958 8,650 100,000(p) X 100,000(p)
Corp.
Clear Channel Common 184502952 6,894 100,000(p) X 100,000(p)
Delta Airlines Common 247361958 4,610 80,000(p) X 80,000(p)
Disney Walt Co. Common 254687906 69,328 2,250,000(c) X 2,250,000(c)
Disney Walt Co. Common 254687956 254,203 8,250,000(p) X 8,250,000(p)
Dow Chemical Co. Common 260543953 6,344 50,000(p) X 50,000(p)
DuPont E I De Common 263545959 4,782 70,000(p) X 70,000(p)
Nemours
Exxon Corp. Common 302290951 8,484 110,000(p) X 110,000(p)
General Electric Common 369604953 11,300 100,000(p) X 100,000(p)
Corp.
Homestake Mining Common 437614900 409 50,000(c) X 50,000(c)
Homestake Mining Common 437614950 8,693 1,070,000(p) X 1,070,000(p)
Merrill Lynch Common 590188958 6,360 80,000(p) X 80,000(p)
& Co.
Minn. Mng. & Man. Common 604059905 4,347 50,000(c) X 50,000(c)
Minn. Mng. & Man. Common 604059955 4,347 50,000(p) X 50,000(p)
Nanister Int'l, Common 63934E958 2,500 50,000(p) X 50,000(p)
Inc. -----------
Total $ 415,624
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Page 6 of 8 Pages
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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
Nike, Inc. Common 654106953 $ 3,169 50,000(p) X 50,000(p)
Pfizer, Inc. Common 717081953 2,180 20,000(p) X 20,000(p)
Placer Dome Common 725906951 4,406 375,000(p) X 375,000(p)
Potash Corp. Common 73755L957 1,758 40,000(p) X 40,000(p)
Schlumberger Ltd. Common 806857958 2,548 40,000(p) X 40,000(p)
Time Warner Inc. Common 887315959 14,525 200,000(p) X 200,000(p)
US Airways Common 911905957 1,307 30,000(p) X 30,000(p)
Windmere Common 973411901 675 40,000(c) X 40,000(c)
ABR Info. Common 00077R958 1,801 20,000(p) X 20,000(p)
Amazon Com. Inc. Common 023135906 1,251 10,000(c) X 10,000(c)
America Online Common 023645904 1,650 15,000(c) X 15,000(c)
America Online Common 02364J954 4,400 40,000(p) X 40,000(p)
Beringer Wine Common 084102952 1,253 30,000(p) X 30,000(p)
Centocor Inc. Common 152342951 466 10,000(p) X 10,000(p)
Clear Channel Common 184502952 5,515 80,000(p) X 80,000(p)
Coca Cola Common 191219954 2,480 40,000(p) X 40,000(p)
Data Transmission Common 238017957 534 19,000(p) X 19,000(p)
Network
Gateway Common 367833950 1,181 20,000(p) X 20,000(p)
Intel Common 458140950 2,380 40,000(p) X 40,000(p)
IBM Common 459200951 2,585 20,000(p) X 20,000(p)
Staples, Inc. Common 855030952 1,238 40,000(p) X 40,000(p)
-----------
TOTAL $ 57,302
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Page 7 of 8 Pages
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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
Sunrise Assisted Common 86768K956 $ 1,395 40,000(p) X 40,000(p)
Living Inc. -----------
AGGREGATE TOTAL $ 8,994,858
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Page 8 of 8 Pages
