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 Calendar Year Ended March 31, 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
--------------------------
New York on the 15th day of May , 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.
- -------------------------- ------------- ------------------------ -----------
3. 8.
- -------------------------- ------------- ------------------------ -----------
4. 9.
- -------------------------- ------------- ------------------------ -----------
5. 10.
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Page 1 of 9 Pages
Loews Corporation
FORM 13F
Report for the Year Ended
March 31, 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 31% 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 9 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 Ltd. Common 008474108 $ 6,005 1,079,500 X 1,079,500
Amcast Ind.
Corp. Common 023395106 896 97,500 X 97,500
AMR Corp. Common 001765106 638 20,000 X 20,000
Apex Silver
Mines Ltd. Common G04074103 3,361 334,000 X 334,000
Archer Daniels
Midland Co. Common 039483102 9,794 949,700 X 949,700
Barrick Gold
Corp. Common 067901108 20,039 1,277,400 X 1,277,400
Battle Mountain
Gold Co. Common 071593107 1,163 600,000 X 600,000
Beckman Coulter
Inc. Common 075811109 2,568 40,000 X 40,000
Boeing Co. Common 097023105 1,513 40,000 X 40,000
CNA Financial
Corp. Common 126117100 5,152,470 159,457,480 X 159,457,480
Cadiz Inc. Common 127537108 2,550 300,000 X 300,000
Cambior Inc. Common 13201L103 244 300,000 X 300,000
Carnival Corp. Common 143658102 744 30,000 X 30,000
CHUBB Corp. Common 171232101 2,703 40,000 X 40,000
Clayton Home,
Inc. Common 184190106 405 40,000 X 40,000
Consolidated
Frtwys Corp. Common 209232107 236 40,000 X 40,000
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TOTAL $ 5,205,329
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</TABLE> Page 3 of 9 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
Diamond Offshore
Drilling, Inc. Common 25271C102 $ 2,799,619 70,100,000 X 70,100,000
Dow Chemical Co. Common 260543103 1,140 10,000 X 10,000
DuPont E.I. De
Nemours & Co. Common 263534109 2,118 40,000 X 40,000
Fairfield
Communities,
Inc. Common 304231301 318 40,000 X 40,000
Furniture Brands
International Common 360921100 1,340 71,250 X 71,250
Glamis Gold Ltd. Common 376775102 1,875 1,000,000 X 1,000,000
Homestake Mining Common 437614100 28,026 4,671,000 X 4,671,000
Houston Explora-
tion Company Common 442120101 1,170 65,000 X 65,000
IMC Global Inc. WT 449669118 11,111 X 11,111
122200
Kinross Gold
Corp. Common 496902107 1,625 1,040,000 X 1,040,000
Knightsbridge
Tankers Ltd. Common G5299G106 3,117 175,000 X 175,000
Landamerica
Financial Group Common 514936103 3,815 196,900 X 196,900
Med-Design Corp. Common 583926100 325 20,000 X 20,000
Metromedia Int'l.
Group Inc. Common 591695101 282 50,213 X 50,213
Mine Safety
Appliances Co. Common 602720104 1,108 16,000 X 16,000
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TOTAL $ 2,845,878
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</TABLE>
Page 4 of 9 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
Navistar Int'l.
Corp. Common 63934E108 $ 2,408 60,000 X 60,000
On Command Corp. Common 682160106 1,114 74,287 X 74,287
On Command Corp. WTS B 682160122 107 23,697 X 23,697
100703
Owens-Illinois
Inc. Common 690768403 1,350 80,000 X 80,000
Perrigo Co. Common 714290103 759 100,000 X 100,000
Placer Dome Inc. Common 725906101 17,063 2,100,000 X 2,100,000
Pfizer, Inc. Common 717081103 731 20,000 X 20,000
Potash Corp.
Sask Inc. Common 73755L107 3,000 60,000 X 60,000
Sabre Holding
Corp. Common 785905100 534 14,453 X 14,453
Stillwater Mining
Co. Common 86074Q102 6,634 165,850 X 165,850
TVX Gold Inc. Common 87308K101 2,025 2,700,000 X 2,700,000
Tetra Tech. Inc. Common 88162F105 1,188 50,000 X 50,000
Texas Industries
Inc. Common 882491103 633 20,000 X 20,000
Thermedics Inc. Common 883901100 508 62,000 X 62,000
Thermo Cardio
Systems Inc. Common 88355K200 4,542 324,400 X 324,400
Thermo Cardio SbDbCv
System 144A 04 88355KAA9 850 1,000,000 X 1,000,000
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TOTAL $ 43,446
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Page 5 of 9 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
Thermo Electron Common 883556102 $ 408 20,000 X 20,000
Corp.
Thermo Electron SubDbCv
Corp. 144A 03 883556AF9 925 1,000,000 X 1,000,000
Thermotrex Corp. SubDbCv 883666AA7 341 500,000 X 500,000
3.25% 07
WMS Industries,
Inc. Common 929297109 395 40,000 X 40,000
Windmere-Durable
Holdings, Inc. Common 973411101 590 40,000 X 40,000
UCAR Inter-
national Inc. Common 90262K109 264 20,000 X 20,000
USG Corp. Common 903293405 5,452 130,000 X 130,000
Agnico Eagle
Mines LTD Common 008474908 278 50,000(c) X 50,000(c)
AMR Corp. Common 001765956 1,913 60,000(p) X 60,000(p)
Barrick Gold
Corp. Common 067901908 784 50,000(c) X 50,000(c)
Barrick Gold
Corp. Common 067901958 11,766 750,000(p) X 750,000(p)
Beckman Coulter,
Inc. Common 075811959 2,568 40,000(p) X 40,000(p)
Boeing Common 097023955 4,348 115,000(p) X 115,000(p)
Cadiz Inc. Common 127537908 850 100,000(c) X 100,000(c)
Caterpillar Inc. Common 149123951 1,183 30,000(p) X 30,000(p)
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TOTAL $ 32,065
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</TABLE>
Page 6 of 9 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
Chase Manhattan
Corp. Common 16161A958 $ 1,744 20,000(p) X 20,000(p)
Chubb Corp. Common 191232951 4,729 70,000(p) X 70,000(p)
Dow Chemical Co. Common 260543953 4,560 40,000(p) X 40,000(p)
DuPont E I De
Nemours & Co. Common 263534959 3,706 70,000(p) X 70,000(p)
Exxon Mobil Corp. Common 30231G952 2,334 30,000(p) X 30,000(p)
General Electric
Corp. Common 369604953 24,870 160,000(p) X 160,000(p)
GoodYear Tire &
Rubber Co. Common 382550951 3,031 130,000(p) X 130,000(p)
Homestake Mining Common 437614900 11,100 1,850,000(c) X 1,850,000(c)
Homestake Mining Common 437614950 7,020 1,170,000(p) X 1,170,000(p)
Merrill Lynch
& Co. Inc. Common 590188958 2,095 20,000(p) X 20,000(p)
Minn. Mng. & Man. Common 604059955 7,085 80,000(p) X 80,000(p)
Navistar Int'l,
Corp. Common 63934E958 2,809 70,000(p) X 70,000(p)
Owens-Illinois
Inc. Common 690768953 1,350 80,000(p) X 80,000(p)
Paxson Communi-
cations Corp. Common 704231909 465 60,000(c) X 60,000(c)
Pfizer, Inc. Common 717081903 731 20,000(c) X 20,000(c)
Pfizer, Inc. Common 717081953 2,194 60,000(p) X 60,000(p)
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TOTAL $ 79,823
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Page 7 of 9 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
Placer Dome Common 725906901 $ 3,656 450,000(c) X 450,000(c)
Placer Dome Common 725906951 3,047 375,000(p) X 375,000(p)
Potash Corp.
Sask Inc. Common 73755L957 4,000 80,000(p) X 80,000(p)
Schlumberger Ltd. Common 806857958 1,530 20,000(p) X 20,000(p)
Thermo Cardio
Systems Inc. Common 88355K200 700 50,000(c) X 50,000(c)
Amazon.Com Inc. Common 023135956 1,340 20,000(p) X 20,000(p)
CDW Computer
Centers Inc. Common 125129956 1,689 20,000(p) X 20,000(p)
Carnival Corp. Common 143658952 993 40,000(p) X 40,000(p)
Clarus Corp. Common 182707909 1,413 20,000(c) X 20,000(c)
Dendrite Intl.
Inc. Common 248239955 419 20,000(p) X 20,000(p)
Gateway Inc. Common 367626958 2,120 40,000(p) X 40,000(p)
Hadco Corp. Common 404681908 1,298 20,000(c) X 20,000(c)
Immunex Corp Common 452528902 1,903 30,000(c) X 30,000(c)
Intel Common 458140950 5,278 40,000(p) X 40,000(p)
IBM Common 459200951 4,720 40,000(p) X 40,000(p)
Micron Tech. Common 595112903 630 10,000(c) X 10,000(c)
Micron Tech. Common 595112953 1,890 30,000(p) X 30,000(p)
MRV Communi-
cations Inc. Common 553477900 916 10,000(c) X 10,000(c)
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TOTAL $ 37,542
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Page 8 of 9 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
Pixar Inc. Common 725811953 $ 714 20,000(p) X 20,000(p)
THQ Inc. Common 872443953 715 40,000(p) X 40,000(p)
Prodigy Communi-
cation Corp. Common 74283P957 301 20,000(p) X 20,000(p)
Schwab Charles
Corp. Common 808513955 1,704 30,000(p) X 30,000(p)
Sportline Com
Inc. Common 848934955 1,178 40,000(p) X 40,000(p)
Tyco Int'l Ltd. Common 902124956 2,005 40,000(p) X 40,000(p)
USG Corp. Common 903293905 419 10,000(c) X 10,000(c)
Windmere Durable
Holdings Inc. Common 973411901 590 40,000(c) X 40,000(c)
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TOTAL $ 7,626
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AGGREGATE TOTAL $ 8,251,709
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Page 9 of 9 Pages
