0000021175-13-000019.txt : 20130510
0000021175-13-000019.hdr.sgml : 20130510
20130510111434
ACCESSION NUMBER: 0000021175-13-000019
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130331
FILED AS OF DATE: 20130510
DATE AS OF CHANGE: 20130510
EFFECTIVENESS DATE: 20130510
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CNA FINANCIAL CORP
CENTRAL INDEX KEY: 0000021175
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 366169860
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-00346
FILM NUMBER: 13831740
BUSINESS ADDRESS:
STREET 1: CNA
STREET 2: 333 S. WABASH
CITY: CHICAGO
STATE: IL
ZIP: 60604
BUSINESS PHONE: 3128225000
MAIL ADDRESS:
STREET 1: CNA
STREET 2: 333 S. WABASH
CITY: CHICAGO
STATE: IL
ZIP: 60604
13F-HR
1
cnaf0313.txt
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2013
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: CNA Financial Corporation
Address: 333 S. Wabash
Chicago,IL 60604
13F File Number: 28-346
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 all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lawrence J. Boysen
Title: Senior Vice President and Corporate Controller
Phone: (312) 822 5653
Signature, Place, and Date of Signing:
/s/ Lawrence J. Boysen Chicago, IL 05/10/2013
--------------------------------- --------------------------------- ----------
[Signature] [City, State] [Date]
Assets reported herein are described as having shared
investment discretion among Loews Corporation, CNA Financial
Corporation, The Continental Corporation and Continental Casualty
Company. Each of the foregoing entities specifically disclaims
ownership of any securities in this report which are not
beneficially owned by that entity and states that such assets
are solely under the control of its board of directors. The
characterization of shared investment discretion with parent
holding companies is made solely as a consequence of SEC
interpretations regarding control of the subsidiary through
share ownership. Loews Corporation owns approximately 90%
of the outstanding shares of CNA Financial Corporation; CNA
Financial Corporation owns 100% of the outstanding shares of
The Continental Corporation; and The Continental Corporation owns
100% of the outstanding shares of Continental Casualty Company.
Loews Corporation will report separately on securities over which
it has investment discretion which are not part of this report.
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 175
Form 13F Information Table Value Total: $451,644 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-217 Loews Corporation
2 28-172 The Continental Corporation
3 28-387 Continental Casualty Company
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ABBOTT LABORATORIES COM 002824100 979 27,725 SH DEFINED 1,2,3 27,725
ACTUANT CORP CL A 00508X203 1,414 46,175 SH DEFINED 1,2,3 46,175
AEROPOSTALE INC COM 007865108 1,275 93,750 SH DEFINED 1,2,3 93,750
AMEREN CORPORATION COM 023608102 872 24,905 SH DEFINED 1,2,3 24,905
AMERICAN EQUITY INVT LIFE HLCOM 025676206 1,384 92,925 SH DEFINED 1,2,3 92,925
AMERICAN INTERNATIONAL GRP COM NEW 026874784 2,512 64,700 SH DEFINED 1,2,3 64,700
AMERICAN REPROGRAPHICS CO COM 00191G103 389 130,375 SH DEFINED 1,2,3 130,375
ANADARKO PETROLEUM CORP COM 032511107 14,412 164,806 SH DEFINED 1,2,3 164,806
ANIXTER INTERNATIONAL INC COM 035290105 991 14,175 SH DEFINED 1,2,3 14,175
ANTEC CORP COM 04269Q100 512 29,800 SH DEFINED 1,2,3 29,800
APACHE CORP COM 037411105 5,015 65,000 SH DEFINED 1,2,3 65,000
APOLLO GROUP INC CL A 037604105 1,074 61,800 SH DEFINED 1,2,3 61,800
APPLE COMPUTER INC COM 037833100 1,543 3,485 SH DEFINED 1,2,3 3,485
ARGAN INC COM 04010E109 250 16,777 SH DEFINED 1,2,3 16,777
ARGO GROUP INTERNATIONAL COM G0464B107 1,583 38,250 SH DEFINED 1,2,3 38,250
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ARTIO GLOBAL INVESTORS INC CL A 04315B107 277 101,800 SH DEFINED 1,2,3 101,800
ASPEN INSURANCE HOLDINGS SHS G05384105 1,462 37,900 SH DEFINED 1,2,3 37,900
ASSURANT INC COM 04621X108 6,652 147,800 SH DEFINED 1,2,3 147,800
AVNET INC COM 053807103 2,986 82,475 SH DEFINED 1,2,3 82,475
BABCOCK & WILCOX CO/THE COM 05615F102 1,178 41,447 SH DEFINED 1,2,3 41,447
BAKER HUGHES INC COM 057224107 2,673 57,600 SH DEFINED 1,2,3 57,600
BANCORPSOUTH INC COM 059692103 526 32,300 SH DEFINED 1,2,3 32,300
BANK OF AMERICA CORP COM 060505104 1,779 146,050 SH DEFINED 1,2,3 146,050
BANK OF NEW YORK COM 064058100 1,531 54,687 SH DEFINED 1,2,3 54,687
BARNES & NOBLE INC COM 067774109 961 58,406 SH DEFINED 1,2,3 58,406
BARRICK GOLD CORP COM 067901108 3,387 115,211 SH DEFINED 1,2,3 115,211
BBCN BANCORP INC COM 073295107 1,333 102,050 SH DEFINED 1,2,3 102,050
BECTON DICKINSON & CO COM 075887109 2,156 22,550 SH DEFINED 1,2,3 22,550
BLUEKNIGHT ENERGY PARTNERS COM 09625U109 2,700 315,110 SH DEFINED 1,2,3 315,110
BOEING COMPANY COM 097023105 2,790 32,500 SH DEFINED 1,2,3 32,500
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
BP PLC SPONS 055622104 3,057 72,182 SH DEFINED 1,2,3 72,182
BRADY CORPORATION CL A 104674106 1,590 47,425 SH DEFINED 1,2,3 47,425
CABOT OIL & GAS CORP COM 127097103 2,130 31,500 SH DEFINED 1,2,3 31,500
CAL DIVE INTERNATIONAL INC COM 12802T101 395 219,600 SH DEFINED 1,2,3 219,600
CALLAWAY GOLF COMPANY COM 131193104 189 28,600 SH DEFINED 1,2,3 28,600
CANADIAN NATURAL RESOURCES COM 136385101 643 20,000 SH DEFINED 1,2,3 20,000
CAPITAL LEASE FUNDING INC COM 140288101 1,088 170,781 SH DEFINED 1,2,3 170,781
CAPITAL PRODUCT PARTNERS COM Y11082107 2,484 300,000 SH DEFINED 1,2,3 300,000
CARPENTER TECHNOLOGY COM 144285103 483 9,800 SH DEFINED 1,2,3 9,800
CASH AMERICA INTL INC COM 14754D100 336 6,400 SH DEFINED 1,2,3 6,400
CASTLE (A.M.) & CO COM 148411101 858 49,000 SH DEFINED 1,2,3 49,000
CIRCOR INTERNATIONAL INC COM 17273K109 1,065 25,050 SH DEFINED 1,2,3 25,050
CITIGROUP INC COM 172967424 6,412 144,936 SH DEFINED 1,2,3 144,936
COCA COLA CO COM 191216100 671 16,600 SH DEFINED 1,2,3 16,600
COMCAST CORP CL A 20030N200 9,903 250,000 SH DEFINED 1,2,3 250,000
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
CONSECO INC COM 12621E103 1,701 148,600 SH DEFINED 1,2,3 148,600
CON-WAY INC COM 205944101 1,467 41,675 SH DEFINED 1,2,3 41,675
CURTISS-WRIGHT CORP COM 231561101 1,120 32,275 SH DEFINED 1,2,3 32,275
CVR REFINING LP COMUNIT 12663P107 2,499 72,044 SH DEFINED 1,2,3 72,044
DANA HOLDING CORP COM 235825205 1,076 60,324 SH DEFINED 1,2,3 60,324
DEERE & CO COM 244199105 5,159 60,000 SH DEFINED 1,2,3 60,000
DELL COMPUTER CORP COM 24702R101 2,088 145,675 SH DEFINED 1,2,3 145,675
DELPHI AUTOMOTIVE PLC SHS G27823106 2,733 61,550 SH DEFINED 1,2,3 61,550
DELTA AIR LINES INC COM NEW 247361702 1,651 100,000 SH DEFINED 1,2,3 100,000
DENBURY RESOURCES INC COM 247916208 2,891 155,000 SH DEFINED 1,2,3 155,000
DEVON ENERGY CORP COM 25179M103 4,542 80,500 SH DEFINED 1,2,3 80,500
DIAMONDROCK HOSPITALITY CO COM 252784301 985 105,771 SH DEFINED 1,2,3 105,771
DIODES INC COM 254543101 1,483 70,675 SH DEFINED 1,2,3 70,675
EATON CORP PLC SHS G29183103 1,777 29,020 SH DEFINED 1,2,3 29,020
EMC CORPORATION COM 268648102 1,433 60,000 SH DEFINED 1,2,3 60,000
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ENBRIDGE ENERGY PARTNERS LP COM 29250R106 6,631 220,000 SH DEFINED 1,2,3 220,000
ENDO HEALTH SOLUTIONS INC COM 29264F205 498 16,200 SH DEFINED 1,2,3 16,200
ENERGY TRANSFER EQUITY LP COM UNIT29273V100 3,509 60,000 SH DEFINED 1,2,3 60,000
ENGILITY HOLDINGS INC - W/I COM 29285W104 685 28,575 SH DEFINED 1,2,3 28,575
ENSCO INTERNATIONAL INC SHS CL AG3157S106 3,600 60,000 SH DEFINED 1,2,3 60,000
ENTERGY CORP COM 29364G103 1,613 25,500 SH DEFINED 1,2,3 25,500
EXXON MOBIL CORP COM 30231G102 1,608 17,850 SH DEFINED 1,2,3 17,850
EZCORP INC CL A 302301106 814 38,200 SH DEFINED 1,2,3 38,200
FEDEX CORPORATION COM 31428X106 8,200 83,500 SH DEFINED 1,2,3 83,500
FORTUNE BRANDS HOME & SEC COM 34964C106 261 6,975 SH DEFINED 1,2,3 6,975
FRANKLIN RESOURCES INC COM 354613101 1,482 9,825 SH DEFINED 1,2,3 9,825
GENERAL DYNAMICS CORP. COM 369550108 1,738 24,650 SH DEFINED 1,2,3 24,650
GENERAL MOTORS WARRANT 37045V118 1,013 109,152 SH DEFINED 1,2,3 109,152
GLOBAL CASH ACCESS INC COM 378967103 1,242 176,216 SH DEFINED 1,2,3 176,216
GOLDMAN SACHS GROUP INC COM 38141G104 2,218 15,075 SH DEFINED 1,2,3 15,075
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
GOOGLE INC CL A 38259P508 2,641 3,325 SH DEFINED 1,2,3 3,325
GOVERNMENT PROPERTIES INCOMECOM SHS 38376A103 401 15,600 SH DEFINED 1,2,3 15,600
GRANITE REAL ESTATE INVESTMEUNIT 387437114 1,195 31,300 SH DEFINED 1,2,3 31,300
GREAT PLAINS ENERGY INC COM 391164100 480 20,700 SH DEFINED 1,2,3 20,700
GRIFFON CORPORATION COM 398433102 1,507 126,419 SH DEFINED 1,2,3 126,419
HARSCO CORP COM 415864107 1,508 60,900 SH DEFINED 1,2,3 60,900
HARTE-HANKS INC COM 416196103 1,533 196,750 SH DEFINED 1,2,3 196,750
HERMAN MILLER INC COM 600544100 749 27,075 SH DEFINED 1,2,3 27,075
HESS CORP COM 42809H107 1,226 17,115 SH DEFINED 1,2,3 17,115
HEWLETT-PACKARD CO COM 428236103 8,085 339,135 SH DEFINED 1,2,3 339,135
HOSPITALITY PROPERTIES COM SHS 44106M102 2,131 77,675 SH DEFINED 1,2,3 77,675
HUNTINGTON INGALLS IND COM 446413106 1,096 20,550 SH DEFINED 1,2,3 20,550
ICONIX BRAND GROUP INC COM 451055107 1,055 40,800 SH DEFINED 1,2,3 40,800
INGERSOLL RAND CO SHS G47791101 957 17,405 SH DEFINED 1,2,3 17,405
INGRAM MICRO INC CL A 457153104 1,473 74,850 SH DEFINED 1,2,3 74,850
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
INORG CHEM NEC COM 45768S105 952 21,498 SH DEFINED 1,2,3 21,498
INSIGHT ENTERPRISES INC COM 45765U103 1,216 58,968 SH DEFINED 1,2,3 58,968
INTERNATIONAL BUSINESS MACH COM 459200101 17,095 80,145 SH DEFINED 1,2,3 80,145
INVESCO LTD SHS G491BT108 2,298 79,350 SH DEFINED 1,2,3 79,350
JAKKS PACIFIC INC COM 47012E106 672 64,106 SH DEFINED 1,2,3 64,106
JOHNSON & JOHNSON COM 478160104 4,627 56,750 SH DEFINED 1,2,3 56,750
JONES APPAREL GROUP INC COM 48020T101 1,540 121,059 SH DEFINED 1,2,3 121,059
JPMORGAN CHASE & COMPANY COM 46625H100 8,124 171,175 SH DEFINED 1,2,3 171,175
KAISER ALUMINUM CORP COM 483007704 621 9,600 SH DEFINED 1,2,3 9,600
KAPSTONE PAPER & PACKAGING COM 48562P103 503 18,100 SH DEFINED 1,2,3 18,100
L-3 COMMUNICATIONS CORP COM 502424104 1,974 24,400 SH DEFINED 1,2,3 24,400
LABORATORY CRP OF AMER HLDGSCOM NEW 50540R409 1,646 18,250 SH DEFINED 1,2,3 18,250
LEGG MASON INC COM 524901105 2,546 79,179 SH DEFINED 1,2,3 79,179
LENNAR CORP CL B 526057302 419 12,980 SH DEFINED 1,2,3 12,980
LEXMARK INTL GROUP INC CL A 529771107 581 22,000 SH DEFINED 1,2,3 22,000
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
LINCOLN NATIONAL CORP IND COM 534187109 6,620 203,000 SH DEFINED 1,2,3 203,000
MARKWEST ENERGY PARTNERS LP UNIT LP 570759100 6,075 100,000 SH DEFINED 1,2,3 100,000
MASCO CORPORATION COM 574599106 1,860 91,875 SH DEFINED 1,2,3 91,875
MATTHEWS INTL CORP CL A 577128101 1,013 29,025 SH DEFINED 1,2,3 29,025
MEDTRONIC INC COM 585055106 1,192 25,390 SH DEFINED 1,2,3 25,390
MERCK & CO. INC. COM 58933Y105 4,532 102,534 SH DEFINED 1,2,3 102,534
METLIFE INC COM 59156R108 5,450 143,350 SH DEFINED 1,2,3 143,350
MICROSOFT CORP COM 594918104 15,957 557,830 SH DEFINED 1,2,3 557,830
MILLER INDUSTRIES INC/TENN COM 600551204 176 10,962 SH DEFINED 1,2,3 10,962
MONSTER WORLDWIDE INC COM 611742107 759 149,750 SH DEFINED 1,2,3 149,750
MORGAN ST DEAN WITTER DISC COM 617446448 1,823 82,950 SH DEFINED 1,2,3 82,950
MUELLER WATER PRODUCTS INC COM 624758108 1,481 249,775 SH DEFINED 1,2,3 249,775
NATL PENN BCSHS INC COM 637138108 1,352 126,475 SH DEFINED 1,2,3 126,475
NELNET INC-CL A CL A 64031N108 439 13,000 SH DEFINED 1,2,3 13,000
NORTHROP GRUMMAN CORP COM 666807102 1,526 21,750 SH DEFINED 1,2,3 21,750
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
NRG ENERGY INC COM NEW 629377508 912 34,446 SH DEFINED 1,2,3 34,446
NV ENERGY INC COM 67073Y106 543 27,100 SH DEFINED 1,2,3 27,100
OCCIDENTAL PETROLEUM COM 674599105 9,634 122,935 SH DEFINED 1,2,3 122,935
OMNICOM GROUP COM 681919106 1,928 32,725 SH DEFINED 1,2,3 32,725
ORACLE CORP COM 68389X105 11,294 349,335 SH DEFINED 1,2,3 349,335
OWENS CORNING COM 690742101 1,666 42,250 SH DEFINED 1,2,3 42,250
P G & E CORPORATION COM 69331C108 3,017 67,748 SH DEFINED 1,2,3 67,748
PACIFIC ETHANOL INC COM 69423U206 334 992,389 SH DEFINED 1,2,3 992,389
PARK STERLING CORP COM 70086Y105 518 91,866 SH DEFINED 1,2,3 91,866
PARTNERRE LTD COM G6852T105 2,174 23,350 SH DEFINED 1,2,3 23,350
PETROLOGISTICS LP UNIT LTD71672U101 2,756 200,000 SH DEFINED 1,2,3 200,000
PFIZER INC COM 717081103 10,008 346,785 SH DEFINED 1,2,3 346,785
PHH CORP COM 693320202 1,056 48,100 SH DEFINED 1,2,3 48,100
PHOTOMEDEX INC COM 719358301 1,686 104,770 SH DEFINED 1,2,3 104,770
PIONEER NATURAL RESOURCES COM 723787107 4,970 40,000 SH DEFINED 1,2,3 40,000
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
PITNEY-BOWES INC COM 724479100 780 52,473 SH DEFINED 1,2,3 52,473
PNC FINANCIAL CORP COM 693475105 2,171 32,644 SH DEFINED 1,2,3 32,644
PORTLAND GENERAL ELECTRIC COM 736508847 203 6,700 SH DEFINED 1,2,3 6,700
PRIMERICA INC COM 74164M108 1,004 30,631 SH DEFINED 1,2,3 30,631
PROTECTIVE LIFE CORP COM 743674103 754 21,060 SH DEFINED 1,2,3 21,060
RENT-A-CENTER INC COM 76009N100 1,813 49,075 SH DEFINED 1,2,3 49,075
RENTECH NITROGEN PARTNERS COM 760113100 4,521 126,000 SH DEFINED 1,2,3 126,000
ROWAN COS INC SHS CL AG7665A101 2,652 75,000 SH DEFINED 1,2,3 75,000
ROYAL DUTCH SHELL PLC SPONS 780259206 2,425 37,217 SH DEFINED 1,2,3 37,217
SKECHERS USA INC CL A 830566105 802 37,942 SH DEFINED 1,2,3 37,942
SPDR GOLD TRUST SHS 78463V107 38,618 250,000 SH DEFINED 1,2,3 250,000
SPRINT CORP COM 852061100 3,539 569,896 SH DEFINED 1,2,3 569,896
STAPLES INC COM 855030102 4,076 303,752 SH DEFINED 1,2,3 303,752
STATE STREET CORP COM 857477103 2,387 40,400 SH DEFINED 1,2,3 40,400
SUPERIOR ENERGY SERVICES INCCOM 868157108 283 10,900 SH DEFINED 1,2,3 10,900
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
SYNOVUS FINANCIAL CORP COM 87161C105 443 160,050 SH DEFINED 1,2,3 160,050
TCF FINANCIAL CORP COM 872275102 1,611 107,675 SH DEFINED 1,2,3 107,675
TE CONNECTIVITY LTD REG SHS H84989104 2,309 55,075 SH DEFINED 1,2,3 55,075
TENET HEALTHCARE CORP COM NEW 88033G407 415 8,725 SH DEFINED 1,2,3 8,725
THERMO FISHER SCIENTIFIC COM 883556102 835 10,913 SH DEFINED 1,2,3 10,913
THOR INDUSTRIES INC COM 885160101 235 6,375 SH DEFINED 1,2,3 6,375
TRAVELERS COS INC COM 89417E109 11,787 140,000 SH DEFINED 1,2,3 140,000
TUPPERWARE CORP COM 899896104 719 8,800 SH DEFINED 1,2,3 8,800
TUTOR PERINI CORP COM 901109108 1,279 66,250 SH DEFINED 1,2,3 66,250
UAL CORP COM 910047109 1,669 52,130 SH DEFINED 1,2,3 52,130
UFP TECHNOLOGIES INC COM 902673102 379 19,243 SH DEFINED 1,2,3 19,243
UNITED STATIONERS INC COM 913004107 1,312 33,950 SH DEFINED 1,2,3 33,950
UNUM CORP COM 91529Y106 1,257 44,500 SH DEFINED 1,2,3 44,500
URANIUM ENERGY CORP COM 916896103 684 310,700 SH DEFINED 1,2,3 310,700
URS CORP COM 903236107 2,129 44,900 SH DEFINED 1,2,3 44,900
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
VALASSIS COMMUNICATIONS INC COM 918866104 1,998 66,900 SH DEFINED 1,2,3 66,900
VCA ANTECH INC COM 918194101 1,675 71,325 SH DEFINED 1,2,3 71,325
VIRTUS INVESTMENT PARTNERS COM 92828Q109 2,011 10,795 SH DEFINED 1,2,3 10,795
WALTER INDUSTRIES INC COM 93317Q105 1,171 41,100 SH DEFINED 1,2,3 41,100
WEBSTER FINANCIAL CORP COM 947890109 1,053 43,400 SH DEFINED 1,2,3 43,400
WET SEAL INC CL A 961840105 220 72,900 SH DEFINED 1,2,3 72,900
WPX ENERGY INC COM 98212B103 4,911 306,540 SH DEFINED 1,2,3 306,540
WSFS FINANCIAL CORP COM 929328102 734 15,100 SH DEFINED 1,2,3 15,100
XEROX CORP COM 984121103 4,563 530,535 SH DEFINED 1,2,3 530,535
XL GROUP PLC SHS G98290102 997 32,900 SH DEFINED 1,2,3 32,900