0001193125-12-326113.txt : 20120731 0001193125-12-326113.hdr.sgml : 20120731 20120731170555 ACCESSION NUMBER: 0001193125-12-326113 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120731 DATE AS OF CHANGE: 20120731 EFFECTIVENESS DATE: 20120731 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: 12997557 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 d383044d13fhr.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: June 30, 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 July 20, 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: 111 Form 13F Information Table Value Total: (thousands) 266,185 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 6/30/2012
VOTING AUTHORITY TITLE OF MARKET VALUE SHARES/PAR INVESTMENT --------------------- NAME OF ISSUER CLASS CUSIP (100'S) VALUE SH/PRN DISCRETION SOLE SHARED NONE -------------- -------- ----------- ------------ ---------- ------ ---------- --------- ------ ---- AAR CORP 1.625% Conv Bd BOND 000361-AK-1 1,877 2,000,000 PRN Sole 2,000,000 CERADYNE INC 2.875% Conv Corp Bd BOND 156710-AA-3 2,882 2,875,000 PRN Sole 2,875,000 ENERSYS 3.375% Convertible Bond BOND 29275Y-AA-0 1,138 1,000,000 PRN Sole 1,000,000 LEUCADIA NATL 3.75% Conv Corp Bd BOND 527288-AX-2 1,300 1,190,000 PRN Sole 1,190,000 MEDICIS PHRM 2.50% Conv Corp Bd BOND 58470K-AA-2 1,259 1,000,000 PRN Sole 1,000,000 NUANCE COMMUNIC 2.75% Conv Bds BOND 67020Y-AB-6 1,379 1,000,000 PRN Sole 1,000,000 TRANSOCEAN INC 1.50% Conv Bd BOND 893830-AW-9 2,786 2,800,000 PRN Sole 2,800,000 VERTEX PHARM 3.35% Corp Bond BOND 92532F-AN-0 1,306 1,000,000 PRN Sole 1,000,000 AAR CORP COM 000361-10-5 404 30,000 SH Sole 30,000 AGL RESOURCE INC. COM 001204-10-6 434 11,200 SH Sole 11,200 AT&T INC COM 00206R-10-2 357 10,000 SH Sole 10,000 ABBOTT LABORATORIES COM 002824-10-0 645 10,000 SH Sole 10,000 ADVANCED MICRO DEVICES INC. COM 007903-10-7 458 80,000 SH Sole 80,000 ALTRIA GROUP INC COM 02209S-10-3 207 6,000 SH Sole 6,000 AMERIGROUP CORP COM 03073T-10-2 863 13,097 SH Sole 13,097 ANADARKO PETROLEUM CORP COM 032511-10-7 5,296 80,000 SH Sole 80,000 APACHE CORP COM 037411-10-5 1,758 20,000 SH Sole 20,000 BP AMOCO P L C ADR COM 055622-10-4 3,739 92,240 SH Sole 92,240 BABCOCK & WILCOX CO New COM 05615F-10-2 1,225 50,000 SH Sole 50,000 BARD-C R-INC COM 067383-10-9 2,793 26,000 SH Sole 26,000 BARRICK GOLD CORP COM 067901-10-8 1,518 39,576 SH Sole 39,576 BAXTER INTERNATIONAL INC COM 071813-10-9 3,721 70,000 SH Sole 70,000 BECTON DICKINSON COM 075887-10-9 2,990 40,000 SH Sole 40,000 BHP BILLITON LTD COM 088606-10-8 9,142 140,000 SH Sole 140,000 BRISTOL MYERS SQUIBB CO COM 110122-10-8 4,729 131,549 SH Sole 131,549 BROCADE COMMUNICATIONS SYSTEMS COM 111621-30-6 493 100,000 SH Sole 100,000 CVS CAREMARK CORP COM 126650-10-0 1,402 30,000 SH Sole 30,000 CAMPBELL SOUP CO COM 134429-10-9 1,335 40,000 SH Sole 40,000 CANADIAN PACIFIC RAILWAY LTD COM 13645T-10-0 3,557 47,600 SH Sole 47,600 CENOVUS ENERGY INC COM 15135U-10-9 3,237 100,000 SH Sole 100,000 CHEVRON CORP COM 166764-10-0 9,415 89,240 SH Sole 89,240 CISCO SYSTEMS COM 17275R-10-2 5,838 340,000 SH Sole 340,000 CONOCOPHILLIPS COM 20825C-10-4 6,985 125,000 SH Sole 125,000 DIREXION DAILY FINL BEAR ETF COM 25459W-14-4 2,718 120,000 SH Sole 120,000 DOMINION RESOURCES INC COM 25746U-10-9 1,865 34,528 SH Sole 34,528 DUPONT DENEMOURS & CO COM 263534-10-9 1,062 21,000 SH Sole 21,000 DUKE ENERGY HOLDING CORPORATION COM 26441C-10-5 5,488 238,000 SH Sole 238,000 EMC CORP COM 268648-10-2 5,166 201,553 SH Sole 201,553
EXCO RESOURCES INC COM 269279-40-2 546 71,900 SH Sole 71,900 ECHO GLOBAL LOGISTICS INC COM 27875T-10-1 132 6,900 SH Sole 6,900 ENCANA CORPORATION COM 292505-10-4 3,180 150,000 SH Sole 150,000 EXXON MOBIL CORP COM 30231G-10-2 8,985 105,000 SH Sole 105,000 FLUOR CORP NEW COM 343412-10-2 1,974 40,000 SH Sole 40,000 FLOWERS FOODS COM 343498-10-1 2,118 91,162 SH Sole 91,162 FREEPORT MCMORAN COPPER & GOLD COM 35671D-85-7 1,524 44,740 SH Sole 44,740 GENERAL DYNAMICS CORPORATION COM 369550-10-8 1,319 20,000 SH Sole 20,000 GLOBAL PAYMENTS INC COM 37940X-10-2 2,334 54,000 SH Sole 54,000 GUIDEWIRE SOFTWARE INC COM 40171V-10-0 1,406 50,000 SH Sole 50,000 HARRIS CORP COM 413875-10-5 1,674 40,000 SH Sole 40,000 HEWLETT PACKARD COMPANY COM 428236-10-3 3,017 150,000 SH Sole 150,000 HOME DEPOT INC COM 437076-10-2 2,120 40,000 SH Sole 40,000 HORNBECK OFFSHORE SERVICES INC COM 440543-10-6 1,163 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 452308-10-9 317 6,000 SH Sole 6,000 INTEL CORP COM 458140-10-0 1,599 60,000 SH Sole 60,000 INTERNATIONAL BUSINESS MACHS CORP COM 459200-10-1 16,233 83,000 SH Sole 83,000 JPMORGAN CHASE & CO COM 46625H-10-0 1,072 30,000 SH Sole 30,000 JOHNSON & JOHNSON COM 478160-10-4 6,756 100,000 SH Sole 100,000 KRAFT FOODS INC COM 50075N-10-4 196 5,076 SH Sole 5,076 L-3 COMMUNICATIONS HLDGS COM 502424-10-4 740 10,000 SH Sole 10,000 LINCOLN NATIONAL CORP COM 534187-10-9 497 22,734 SH Sole 22,734 LOCKHEED MARTIN CORPORATION COM 539830-10-9 6,966 80,000 SH Sole 80,000 MCDERMOTT INTERNATIONAL INC COM 580037-10-9 2,228 200,000 SH Sole 200,000 MERCK & COMPANY New COM 58933Y-10-5 4,593 110,000 SH Sole 110,000 MICROSOFT CORP COM 594918-10-4 8,565 280,000 SH Sole 280,000 MONSANTO COMPANY COM 61166W-10-1 847 10,234 SH Sole 10,234 NEWMONT MINING CORP COM 651639-10-6 3,277 67,561 SH Sole 67,561 NORTHROP GRUMMAN CORP COM 666807-10-2 3,554 55,712 SH Sole 55,712 NUANCE COMMUNICATIONS INC COM 67020Y-10-0 1,000 42,000 SH Sole 42,000 ORBITAL SCIENCES CORP COM 685564-10-6 1,081 83,700 SH Sole 83,700 PALL CORP COM 696429-30-7 274 5,000 SH Sole 5,000 PFIZER INC COM 717081-10-3 4,739 206,050 SH Sole 206,050 PHILIP MORRIS INTERNATIONAL COM 718172-10-9 262 3,000 SH Sole 3,000 PHILLIPS 66 COM 718546-10-4 2,078 62,500 SH Sole 62,500 PIEDMONT NATURAL GAS COMPANY INC COM 720186-10-5 8,385 260,488 SH Sole 260,488 POWERSHARES DB INDEX COMMODITY ETF COM 73935S-10-5 644 25,000 SH Sole 25,000 PROGRESS ENERGY INC COM 743263-10-5 2,407 40,000 SH Sole 40,000 ULTRASHORT S&P 500 PROSHARES ETF COM 74347R-88-3 6,236 400,000 SH Sole 400,000 RAYTHEON CO COM 755111-50-7 7,555 133,500 SH Sole 133,500 SCANA CORP COM 80589M-10-2 2,201 46,000 SH Sole 46,000 SCANSOURCE INC. COM 806037-10-7 2,406 78,535 SH Sole 78,535 SCHLUMBERGER LTD COM 806857-10-8 5,258 81,000 SH Sole 81,000 SPECTRA ENERGY CORP COM 847560-10-9 4,504 155,000 SH Sole 155,000 TEXAS INSTRUMENTS INC COM 882508-10-4 1,435 50,000 SH Sole 50,000 THERMO FISHER SCIENTIFIC INC COM 883556-10-2 1,038 20,000 SH Sole 20,000 TRIMBLE NAVIGATIONS LTD COM 896239-10-0 1,380 30,000 SH Sole 30,000 UNITED TECHNOLOGIES CORP COM 913017-10-9 8,686 115,000 SH Sole 115,000
VERTEX PHARMACEUTICALS COM 92532F-10-0 1,118 20,000 SH Sole 20,000 WILLIAMS COMPANIES COM 969457-10-0 4,611 160,000 SH Sole 160,000 WPX ENERGY INC COM 98212B-10-3 1,618 100,000 SH Sole 100,000 XEROX CORPORATION COM 984121-10-3 1,181 150,000 SH Sole 150,000 ZIMMER HOLDINGS INC COM 98956P-10-2 322 5,000 SH Sole 5,000 COVIDIEN LTD COM G2554F-11-3 1,338 25,000 SH Sole 25,000 NABORS INDUSTRIES LTD COM G6359F-10-3 518 36,000 SH Sole 36,000 TRANSOCEAN INC. COM H8817H-10-0 2,669 59,662 SH Sole 59,662 ADVANCED MICRO Jul 21 CALLS 007903-10-7 (1) (40,000) SH Sole (40,000) CISCO Sept 22 CALLS 17275R-10-2 (9) (18,500) SH Sole (18,500) CVS CAREMARK Aug 18 CALLS 126650-10-0 (4) (5,000) SH Sole (5,000) DIREXION ETF Jul 21 CALLS 25459W-14-4 (5) (60,000) SH Sole (60,000) DIREXION ETF Oct 20 CALLS 25459W-14-4 (19) (22,500) SH Sole (22,500) EMC CORP Jul 21 CALLS 268648-10-2 (2) (80,000) SH Sole (80,000) ENCANA CORP Jul 21 CALLS 292505-10-4 (56) (40,000) SH Sole (40,000) EXCO RES Sept 22 CALLS 269279-40-2 (56) (50,000) SH Sole (50,000) HEWLETT PACKARD Aug 18 CALLS 428236-10-3 (3) (100,000) SH Sole (100,000) HOME DEPOT Aug 18 CALLS 437076-10-2 (210) (30,000) SH Sole (30,000) INTEL CORP Oct 20 CALLS 458140-10-0 (29) (40,000) SH Sole (40,000) JOHNSON & JOHNSON Jul 21 CALLS 478160-10-4 (81) (30,000) SH Sole (30,000) JP MORGAN Sept 22 CALLS 46625H-10-0 (20) (10,000) SH Sole (10,000) PROSHARES ETF Sept 22 CALLS 74347R-88-3 (54) (180,000) SH Sole (180,000) TRANSOCEAN LTD Aug 18 CALLS H8817H-10-0 (1) (20,000) SH Sole (20,000) VERTEX PHARM Jul 21 CALLS 92532F-10-0 (280) (20,000) SH Sole (20,000) 111 ISSUES 266,185