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 June 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 11th day of August , 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.
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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 Year Ended
June 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 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 8 Pages
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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 $ 8,053 1,251,000 X 1,251,000
Amcast Ind.
Corp. Common 023395106 875 100,000 X 100,000
Apex Silver
Mines Ltd. Common G04074103 3,319 334,000 X 334,000
Applica Inc. Common 03815A106 614 54,300 X 54,300
Archer Daniels
Midland Co. Common 039483102 9,319 949,700 X 949,700
Barrick Gold
Corp. Common 067901108 24,533 1,350,000 X 1,350,000
Battle Mountain
Gold Co. Common 071593107 1,313 600,000 X 600,000
Beckman Coulter
Inc. Common 075811109 1,168 20,000 X 20,000
Boeing Co. Common 097023105 2,091 50,000 X 50,000
Cadiz Inc. Common 127537108 1,280 160,000 X 160,000
Cambior Inc. Common 13201L103 150 300,000 X 300,000
Caterpillar Inc. Common 149123101 338 10,000 X 10,000
Chubb Corp. Common 171232101 2,460 40,000 X 40,000
Clayton Home,
Inc. Common 184190106 320 40,000 X 40,000
CNA Financial
Corp. Common 126117100 5,421,554 159,457,480 X 159,457,480
Consolidated
Frtwys Corp. Common 209232107 325 80,000 X 80,000
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TOTAL $ 5,477,712
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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 $ 2,462,263 70,100,000 X 70,100,000
Dow Chemical Co. Common 260543103 906 30,000 X 30,000
DuPont E.I. De
Nemours & Co. Common 263534109 1,750 40,000 X 40,000
Furniture Brands
International Common 360921100 1,079 71,250 X 71,250
General Motors
Corp. Common 370442105 4,645 80,000 X 80,000
Glamis Gold Ltd. Common 376775102 1,938 1,000,000 X 1,000,000
Homestake Mining Common 437614100 32,113 4,671,000 X 4,671,000
Houston Explora-
tion Company Common 442120101 1,633 65,000 X 65,000
IMC Global Inc. WT 449669118 11,111 X 11,111
122200
Intl. Paper Inc. Common 460146103 5,963 200,000 X 200,000
K Mart Corp. Common 482584109 1,363 200,000 X 200,000
Kinross Gold
Corp. Common 496902107 975 1,040,000 X 1,040,000
Knightsbridge
Tankers Ltd. Common G5299G106 2,440 122,000 X 122,000
Landamerica
Financial Group Common 514936103 4,332 196,900 X 196,900
Med-Design Corp. Common 583926100 230 20,000 X 20,000
Metromedia Int'l.
Group Inc. Common 591695101 239 50,213 X 50,213
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TOTAL $ 2,521,869
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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
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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
Mine Safety
Appliances Co. Common 602720104 $ 1,200 50,000 X 50,000
Navistar Int'l.
Corp. Common 63934E108 1,864 60,000 X 60,000
On Command Corp. Common 682160106 1,059 74,287 X 74,287
On Command Corp. WTS B 682160122 96 23,697 X 23,697
100703
Owens-Illinois
Inc. Common 690768403 935 80,000 X 80,000
J.C. Penney Co. Common 708160106 1,106 60,000 X 60,000
Perrigo Co. Common 714290103 631 100,000 X 100,000
Placer Dome Inc. Common 725906101 20,081 2,100,000 X 2,100,000
Potash Corp.
Sask Inc. Common 73755L107 5,519 100,000 X 100,000
Stillwater Mining
Co. Common 86074Q102 4,428 158,850 X 158,850
Taiwan Common 874039209 3,842 99,000 X 99,000
Semiconductor
Mfg. Ltd.
Telefonos SPON 879403980 2,288 40,000 X 40,000
de Mexico ADR
ORD L
Thermedics Inc. Common 883901100 795 80,000 X 80,000
Thermo Cardio
Systems Inc. Common 88355K200 3,500 350,000 X 350,000
TVX Gold Inc. Common 87308K101 1,688 2,700,000 X 2,700,000
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TOTAL $ 49,032
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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
UCAR Inter-
national Inc. Common 90262K109 $ 523 40,000 X 40,000
USG Corp. Common 903293405 2,125 70,000 X 70,000
WMS Industries,
Inc. Common 929297109 618 40,000 X 40,000
Agnico Eagle
Mines LTD Common 008474908 322 50,000(c) X 50,000(c)
AMR Corp. Common 001765956 1,586 60,000(p) X 60,000(p)
Barrick Gold
Corp. Common 067901908 908 50,000(c) X 50,000(c)
Barrick Gold
Corp. Common 067901958 13,629 750,000(p) X 750,000(p)
Beckman Coulter,
Inc. Common 075811959 1,168 20,000(p) X 20,000(p)
Boeing Common 097023955 4,808 115,000(p) X 115,000(p)
Bristol Meyers
Squibb Co. Common 110122958 2,330 40,000(p) X 40,000(p)
Cadiz Inc. Common 127537908 800 100,000(c) X 100,000(c)
Caterpillar Inc. Common 149123951 2,710 80,000(p) X 80,000(p)
Chase Manhattan
Corp. Common 16161A958 2,303 50,000(p) X 50,000(p)
Chubb Corp. Common 191232951 4,305 70,000(p) X 70,000(p)
Dow Chemical Co. Common 260543953 3,623 120,000(p) X 120,000(p)
DuPont E I de
Nemours & Co. Common 263534959 3,063 70,000(p) X 70,000(p)
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TOTAL $ 44,821
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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
Exxon Mobil Corp. Common 30231G952 $ 2,355 30,000(p) X 30,000(p)
General Electric
Corp. Common 369604953 25,440 480,000(p) X 480,000(p)
General Motors Common 370442955 4,645 80,000(p) X 80,000(p)
Corp.
GoodYear Tire &
Rubber Co. Common 382550951 2,600 130,000(p) X 130,000(p)
Homestake Mining Common 437614900 18,047 2,625,000(c) X 2,625,000(c)
Homestake Mining Common 437614950 8,044 1,170,000(p) X 1,170,000(p)
Intl Paper Co. Common 460146953 5,963 200,000(p) X 200,000(p)
K Mart Corp. Common 482584959 1,363 200,000(p) X 200,000(p)
Merrill Lynch
& Co. Inc. Common 590188958 2,300 20,000(p) X 20,000(p)
Minn. Mng. & Man. Common 604059955 3,340 40,000(p) X 40,000(p)
Navistar Int'l,
Corp. Common 63934E958 1,864 60,000(p) X 60,000(p)
Owens-Illinois
Inc. Common 690768953 935 80,000(p) X 80,000(p)
Paxson Communi-
cations Corp. Common 704231909 480 60,000(c) X 60,000(c)
J.C. Penney Co. Common 708160906 1,106 60,000(c) X 60,000(c)
J.C. Penney Co. Common 708160956 1,106 60,000(p) X 60,000(p)
Pfizer, Inc. Common 717081953 2,858 60,000(p) X 60,000(p)
Placer Dome Common 725906901 4,303 450,000(c) X 450,000(c)
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TOTAL $ 86,749
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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
Placer Dome Common 725906951 $ 3,586 375,000(p) X 375,000(p)
Potash Corp.
Sask Inc. Common 73755L957 8,830 160,000(p) X 160,000(p)
Schlumberger Ltd. Common 806857958 1,493 20,000(p) X 20,000(p)
Stillwater Mining Common 86074Q902 1,951 70,000(c) X 70,000(c)
Thermo Cardio
Systems Inc. Common 88355K200 500 50,000(c) X 50,000(c)
Amazon.Com Inc. Common 023135906 726 20,000(c) X 20,000(c)
CDW Computer
Centers Inc. Common 125129956 1,250 20,000(p) X 20,000(p)
Gateway Inc. Common 367626958 2,280 40,000(p) X 40,000(p)
IBM Common 459200951 3,287 30,000(p) X 30,000(p)
Intel Common 458140950 5,348 40,000(p) X 40,000(p)
Micron Tech. Common 595112903 1,780 20,000(c) X 20,000(c)
Micron Tech. Common 595112953 2,670 30,000(p) X 30,000(p)
Nvidia Corp. Common 67066G904 3,814 60,000(c) X 60,000(c)
Nvidia Corp. Common 67066G954 3,814 60,000(p) X 60,000(p)
Pixar Inc. Common 725811953 705 20,000(p) X 20,000(p)
Sportline Com
Inc. Common 848934955 341 20,000(p) X 20,000(p)
THQ Inc. Common 872443953 609 50,000(p) X 50,000(p)
Tyco Int'l Ltd. Common 902124956 1,885 40,000(p) X 40,000(p)
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TOTAL $ 44,869
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AGGREGATE TOTAL $ 8,225,052
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Page 8 of 8 Pages
