0001193125-12-222189.txt : 20120509
0001193125-12-222189.hdr.sgml : 20120509
20120509163239
ACCESSION NUMBER: 0001193125-12-222189
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120509
DATE AS OF CHANGE: 20120509
EFFECTIVENESS DATE: 20120509
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Canal Insurance CO
CENTRAL INDEX KEY: 0001313473
IRS NUMBER: 570133332
STATE OF INCORPORATION: SC
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-11026
FILM NUMBER: 12826198
BUSINESS ADDRESS:
STREET 1: P.O. BOX 7
CITY: GREENVILLE
STATE: SC
ZIP: 29602
BUSINESS PHONE: 864-250-9291
MAIL ADDRESS:
STREET 1: P.O. BOX 7
CITY: GREENVILLE
STATE: SC
ZIP: 29602
13F-HR
1
d350252d13fhr.txt
13F-HR
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2012
Check here if Amendment [ ]; Amendment Number: _____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Canal Insurance Co.
Address: P.O. Box 7
Greenville, SC 29602
Form 13F File Number: 28-11026
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that al required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Rick Timmons
Title: Secretary, Treasurer & Senior Vice President - Investments
Phone: (864) 250-9291
Signature, Place, and Date of Signing:
Greenville,
/s/ William R. Timmons, III South Carolina May 9, 2012
--------------------------- ------------------- -----------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
Number of Other Included Mangers: None
Form 13F Information Table Entry Total: 102
Form 13F Information Table Value Total: (thousands) 266,347
List of Other Included Mangers: None
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report. None
CANAL INSURANCE COMPANY
AND CANAL INDEMNITY COMPANY
SEC 13-F
as of 3/31/2012
VOTING AUTHORITY
TITLE OF MARKET VALUE SHARES/PAR INVESTMENT ---------------------
NAME OF ISSUER CLASS CUSIP (1000'S) VALUE SH/PRN DISCRETION SOLE SHARED NONE
--------------------------------- -------- ----------- ------------ ---------- ------ ---------- --------- ------ ----
AMERIGROUP CORP 2.00% Conv Bond BOND 03073T-AB-8 2,530 1,600,000 PRN Sole 1,600,000
CERADYNE INC 2.875% Conv Corp Bd BOND 156710-AA-3 2,875 2,875,000 PRN Sole 2,875,000
ENERSYS 3.375% Convertible Bond BOND 29275Y-AA-0 1,163 1,000,000 PRN Sole 1,000,000
LEUCADIA NATL 3.75% Conv Corp Bd BOND 527288-AX-2 1,499 1,190,000 PRN Sole 1,190,000
MEDICIS PHRM 2.50% Conv Corp Bd BOND 58470K-AA-2 1,325 1,000,000 PRN Sole 1,000,000
NUANCE COMMUNIC 2.75% Conv Bds BOND 67020Y-AB-6 1,456 1,000,000 PRN Sole 1,000,000
TRANSOCEAN INC 1.50% Conv Bd BOND 893830-AW-9 2,772 2,800,000 PRN Sole 2,800,000
VERTEX PHARM 3.35% Corp Bond BOND 92532F-AN-0 1,146 1,000,000 PRN Sole 1,000,000
AAR CORP COM 000361-10-5 183 10,000 SH Sole 10,000
AGL RESOURCE INC. COM 001204-10-6 439 11,200 SH Sole 11,200
AT&T INC COM 00206R-10-2 312 10,000 SH Sole 10,000
ABBOTT LABORATORIES COM 002824-10-0 613 10,000 SH Sole 10,000
ADVANCED MICRO DEVICES INC. COM 007903-10-7 642 80,000 SH Sole 80,000
ALTRIA GROUP INC COM 02209S-10-3 185 6,000 SH Sole 6,000
ANADARKO PETROLEUM CORP COM 032511-10-7 6,267 80,000 SH Sole 80,000
APACHE CORP COM 037411-10-5 2,009 20,000 SH Sole 20,000
BP AMOCO P L C ADR COM 055622-10-4 4,151 92,240 SH Sole 92,240
BABCOCK & WILCOX CO New COM 05615F-10-2 1,288 50,000 SH Sole 50,000
BARD-C R-INC COM 067383-10-9 2,567 26,000 SH Sole 26,000
BARRICK GOLD CORP COM 067901-10-8 1,716 39,576 SH Sole 39,576
BAXTER INTERNATIONAL INC COM 071813-10-9 4,185 70,000 SH Sole 70,000
BECTON DICKINSON COM 075887-10-9 3,106 40,000 SH Sole 40,000
BHP BILLITON LTD COM 088606-10-8 8,688 120,000 SH Sole 120,000
BRISTOL MYERS SQUIBB CO COM 110122-10-8 4,440 131,549 SH Sole 131,549
BROCADE COMMUNICATIONS SYSTEMS COM 111621-30-6 575 100,000 SH Sole 100,000
CVS CAREMARK CORP COM 126650-10-0 1,344 30,000 SH Sole 30,000
CAMPBELL SOUP CO COM 134429-10-9 1,354 40,000 SH Sole 40,000
CANADIAN PACIFIC RAILWAY LTD COM 13645T-10-0 3,604 47,600 SH Sole 47,600
CENOVUS ENERGY INC COM 15135U-10-9 3,590 100,000 SH Sole 100,000
CHEVRON CORP COM 166764-10-0 9,570 89,240 SH Sole 89,240
CISCO SYSTEMS COM 17275R-10-2 5,922 280,000 SH Sole 280,000
CONOCOPHILLIPS COM 20825C-10-4 9,501 125,000 SH Sole 125,000
DIREXION DAILY FINL BEAR ETF COM 25459W-14-4 2,478 120,000 SH Sole 120,000
DOMINION RESOURCES INC COM 25746U-10-9 1,768 34,528 SH Sole 34,528
DUPONT DENEMOURS & CO COM 263534-10-9 1,111 21,000 SH Sole 21,000
DUKE ENERGY HOLDING CORPORATION COM 26441C-10-5 5,000 238,000 SH Sole 238,000
EMC CORP COM 268648-10-2 4,528 151,553 SH Sole 151,553
ECHO GLOBAL LOGISTICS INC COM 27875T-10-1 111 6,900 SH Sole 6,900
ENCANA CORPORATION COM 292505-10-4 1,959 100,000 SH Sole 100,000
EXXON MOBIL CORP COM 30231G-10-2 9,107 105,000 SH Sole 105,000
FLUOR CORP NEW COM 343412-10-2 2,402 40,000 SH Sole 40,000
FLOWERS FOODS COM 343498-10-1 1,857 91,162 SH Sole 91,162
FREEPORT MCMORAN COPPER & GOLD COM 35671D-85-7 941 24,740 SH Sole 24,740
GENERAL DYNAMICS CORPORATION COM 369550-10-8 1,468 20,000 SH Sole 20,000
GLOBAL PAYMENTS INC COM 37940X-10-2 2,563 54,000 SH Sole 54,000
GUIDEWIRE SOFTWARE INC COM 40171V-10-0 1,539 50,000 SH Sole 50,000
HARRIS CORP COM 413875-10-5 1,803 40,000 SH Sole 40,000
HEWLETT PACKARD COMPANY COM 428236-10-3 3,575 150,000 SH Sole 150,000
HOME DEPOT INC COM 437076-10-2 2,012 40,000 SH Sole 40,000
HORNBECK OFFSHORE SERVICES INC COM 440543-10-6 1,261 30,000 SH Sole 30,000
HUNTINGTON INGALLS INDUSTRIES COM 446413-10-6 374 9,285 SH Sole 9,285
ILLINOIS TOOL WORKS INC COM 452308-10-9 343 6,000 SH Sole 6,000
INTEL CORP COM 458140-10-0 1,687 60,000 SH Sole 60,000
INTERNATIONAL BUSINESS MACHS CORP COM 459200-10-1 17,318 83,000 SH Sole 83,000
JOHNSON & JOHNSON COM 478160-10-4 6,596 100,000 SH Sole 100,000
KRAFT FOODS INC COM 50075N-10-4 193 5,076 SH Sole 5,076
L-3 COMMUNICATIONS HLDGS COM 502424-10-4 708 10,000 SH Sole 10,000
LINCOLN NATIONAL CORP COM 534187-10-9 599 22,734 SH Sole 22,734
LOCKHEED MARTIN CORPORATION COM 539830-10-9 7,189 80,000 SH Sole 80,000
MCDERMOTT INTERNATIONAL INC COM 580037-10-9 2,562 200,000 SH Sole 200,000
MERCK & COMPANY New COM 58933Y-10-5 4,224 110,000 SH Sole 110,000
MICROSOFT CORP COM 594918-10-4 9,030 280,000 SH Sole 280,000
MONSANTO COMPANY COM 61166W-10-1 816 10,234 SH Sole 10,234
NEWMONT MINING CORP COM 651639-10-6 3,464 67,561 SH Sole 67,561
NORTHROP GRUMMAN CORP COM 666807-10-2 3,403 55,712 SH Sole 55,712
NUANCE COMMUNICATIONS INC COM 67020Y-10-0 51 2,000 SH Sole 2,000
ORBITAL SCIENCES CORP COM 685564-10-6 1,101 83,700 SH Sole 83,700
PFIZER INC COM 717081-10-3 4,669 206,050 SH Sole 206,050
PHILIP MORRIS INTERNATIONAL COM 718172-10-9 266 3,000 SH Sole 3,000
PIEDMONT NATURAL GAS COMPANY INC COM 720186-10-5 8,008 257,738 SH Sole 257,738
POWERSHARES DB INDEX COMMODITY
ETF COM 73935S-10-5 720 25,000 SH Sole 25,000
PROGRESS ENERGY INC COM 743263-10-5 2,124 40,000 SH Sole 40,000
ULTRASHORT S&P 500 PROSHARES ETF COM 74347R-88-3 6,036 400,000 SH Sole 400,000
RAYTHEON CO COM 755111-50-7 7,046 133,500 SH Sole 133,500
SCANA CORP COM 80589M-10-2 2,098 46,000 SH Sole 46,000
SCANSOURCE INC. COM 806037-10-7 2,931 78,535 SH Sole 78,535
SCHLUMBERGER LTD COM 806857-10-8 5,664 81,000 SH Sole 81,000
SPECTRA ENERGY CORP COM 847560-10-9 4,890 155,000 SH Sole 155,000
TEXAS INSTRUMENTS INC COM 882508-10-4 1,681 50,000 SH Sole 50,000
THERMO FISHER SCIENTIFIC INC COM 883556-10-2 1,128 20,000 SH Sole 20,000
TRIMBLE NAVIGATIONS LTD COM 896239-10-0 1,633 30,000 SH Sole 30,000
UNITED TECHNOLOGIES CORP COM 913017-10-9 9,538 115,000 SH Sole 115,000
VERTEX PHARMACEUTICALS COM 92532F-10-0 820 20,000 SH Sole 20,000
WILLIAMS COMPANIES COM 969457-10-0 4,930 160,000 SH Sole 160,000
WPX ENERGY INC COM 98212B-10-3 1,801 100,000 SH Sole 100,000
XEROX CORPORATION COM 984121-10-3 1,212 150,000 SH Sole 150,000
ZIMMER HOLDINGS INC COM 98956P-10-2 321 5,000 SH Sole 5,000
COVIDIEN LTD COM G2554F-11-3 1,367 25,000 SH Sole 25,000
NABORS INDUSTRIES LTD COM G6359F-10-3 630 36,000 SH Sole 36,000
TRANSOCEAN INC. COM H8817H-10-0 1,312 23,992 SH Sole 23,992
ADVANCED MICRO DEVICES INC.
07/21/12 CALLS CALLS 007903-10-7 (30) -40,000 SH Sole -40,000
BHP BILLITON LTD 05/19/12 CALLS CALLS 088606-10-8 (1) -20,000 SH Sole -20,000
BROCADE COMMUNICATIONS SYSTEMS
04/21/12 CALLS CALLS 111621-30-6 (8) -100,000 SH Sole -100,000
CISCO SYSTEMS 06/16/12 CALLS CALLS 17275R-10-2 (91) -60,000 SH Sole -60,000
CVS CAREMARK CORP 05/19/12 CALLS CALLS 126650-10-0 (74) -30,000 SH Sole -30,000
EMC CORP 04/21/12 CALLS CALLS 268648-10-2 (35) -50,000 SH Sole -50,000
HOME DEPOT INC 05/19/12 CALLS CALLS 437076-10-2 (132) -30,000 SH Sole -30,000
JOHNSON & JOHNSON 07/21/12 CALLS CALLS 478160-10-4 (56) -30,000 SH Sole -30,000
MCDERMOTT INTERNATIONAL INC
05/19/12 CALLS CALLS 580037-10-9 (32) -80,000 SH Sole -80,000
RAYTHEON CO 05/19/12 CALLS CALLS 755111-50-7 (37) -30,000 SH Sole -30,000
TRANSOCEAN INC. 08/18/12 CALLS CALLS H8817H-10-0 (56) -20,000 SH Sole -20,000
VERTEX PHARMACEUTICALS 07/21/12
CALLS CALLS 92532F-10-0 (82) -20,000 SH Sole -20,000
266,347