-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q54idErcviq1Shi4rHJVclWyHm/fL3hoam/U2lvV8zHfb/23JZHImdGGfyETTakJ a1Aw18ULqBMcjuqaW2TUKQ== 0000060086-02-000005.txt : 20020414 0000060086-02-000005.hdr.sgml : 20020414 ACCESSION NUMBER: 0000060086-02-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011231 FILED AS OF DATE: 20020225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOEWS CORP CENTRAL INDEX KEY: 0000060086 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 132646102 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00217 FILM NUMBER: 02557498 BUSINESS ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10021-8087 BUSINESS PHONE: 2125452000 MAIL ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10021-8087 13F-HR 1 dec.txt DOCUMENT YEAR ENDED 12/31/01 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 Quarter Ended December 31, 2001 ------------------ If amended report check here: [ ] Loews Corporation - ------------------------------------------------------------------------------ Name of Institutional Investment Manager 667 Madison Avenue New York New York 10021 - ------------------------------------------------------------------------------ Business Address (Street) (City) (State) (Zip) Barry Hirsch, Senior Vice President (212) 521-2920 - ------------------------------------------------------------------------------ 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 25th day of February, 2002. - -------- ----------- --------------- Loews Corporation ------------------------------------------- (Name of Institutional Investment Manager) By: /s/ Barry Hirsch ------------------------------------------- (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.: - -------------------------- ------------- ------------------------ ----------- 1. None 6. - -------------------------- ------------- ------------------------ ----------- 2. 7. - -------------------------- ------------- ------------------------ ----------- 3. 8. - -------------------------- ------------- ------------------------ ----------- 4. 9. - -------------------------- ------------- ------------------------ ----------- 5. 10. - -------------------------- ------------- ------------------------ ----------- Page 1 of 23 Pages Loews Corporation FORM 13F Report for the Quarter Ended December 31, 2001 Loews Corporation ("Loews"), by virtue of its approximately 89% 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 25% 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 23 Pages
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 Abercombie & Common 002896207 $ 345 13,000 X 13,000 Fitch Co. ACE Ltd. Common G0070K103 402 10,000 X 10,000 Adelphia Common 006848105 1,091 35,000 X 35,000 Communications CL A Aetna Inc Common 00817Y108 1,089 33,000 X 33,000 Aeroflex Inc. Common 007768104 246 13,000 X 13,000 Agnico Eagle Common 008474108 370 37,500 X 37,500 Mines Ltd. Agrium Inc Common 008916108 350 33,000 X 33,000 AK Stl Hldg Corp Common 001547108 2,879 253,000 X 253,000 Allegheny Energy Common 017361106 489 13,500 X 13,500 Inc. Allegheny Technologies Inc Common 01741R029 3,018 180,200 X 180,200 Allied Waste Common 019589308 222 15,800 X 15,800 America Movil Common 02364W105 448 23,000 X 23,000 S A DE CV American Eagle Common 02553E106 256 9,800 X 9,800 Outfitters New American Express Common 025816109 600 16,800 X 16,800 Corp. American Natl Common 028591105 1,936 23,025 X 23,025 Ins Co. ----------- TOTAL $ 13,741 -----------
Page 3 of 23 Pages
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 American Common 028884104 $ 309 14,225 X 14,225 Physicians Capital AMR Corp Common 001765106 2,230 100,000 X 100,000 Anixter Intl Cos Common 035290105 205 7,050 X 7,050 Apache Corp Common 037411105 1,180 23,650 X 23,650 Apex Silver WTS G04074111 50 167,000 X 167,000 Mines Ltd. 110402 Applebees Intl Common 037899101 404 11,800 X 11,800 Applica Inc. Common 03815A106 1,261 140,000 X 140,000 Aramark Corp Common 038521100 404 15,000 X 15,000 AT&T Corp Common 001957109 201 11,100 X 11,100 AT&T Wireless Common 001957406 7,185 500,000 X 500,000 Atlas Air Common 049164106 350 23,900 X 23,900 Worldwide Hldgs Inc Autonation Inc Common 05329W102 244 19,800 X 19,800 Avery Dennison Common 053611109 283 5,000 X 5,000 Corp Ballard Pwr Sys Common 05858H104 316 10,700 X 10,700 Inc Bank One Corp Common 06423A103 297 7,600 X 7,600 Barrick Gold Common 067901108 47,674 2,988,990 X 2,988,990 Corp. Beverly Common 087851309 860 100,000 X 100,000 Enterprises Inc ----------- TOTAL $ 63,453 -----------
Page 4 of 23 Pages
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 Bisys Group Inc Common 055472104 $ 486 7,600 X 7,600 Black & Decker Common 091797100 438 11,600 X 11,600 Corp Boeing Common 097023105 5,130 132,275 X 132,275 Bowne & Co Inc Common 103043105 137 10,700 X 10,700 Brinker Intl Inc Common 109641100 318 10,700 X 10,700 Cablevision Sys Common 12686C109 2,373 50,000 X 50,000 Corp Cadiz Inc. Common 127537108 802 100,000 X 100,000 Calpine Corp Common 131347106 4,617 275,000 X 275,000 Capstone Turbine Common 14067D102 541 100,000 X 100,000 Corp Carnival Corp Common 143658102 2,106 75,000 X 75,000 Caterpillar Inc. Common 149123101 3,135 60,000 X 60,000 CBRL Group Inc Common 12489V106 469 15,925 X 15,925 CEC Entmt Inc Common 125137109 542 12,500 X 12,500 Celestica Inc Common 15101Q108 335 8,300 X 8,300 Centex Corp Common 152312104 2,004 35,100 X 35,100 Certegy Inc Common 156880106 277 8,100 X 8,100 Chicos Fas Inc Common 162510200 278 7,000 X 7,000 Christopher & Common 171046105 380 11,100 X 11,100 Banks Corp ----------- TOTAL $ 24,368 -----------
Page 5 of 23 Pages
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 Clear Channel Common 184502102 $ 285 5,600 X 5,600 Comm Cleveland Cliffs Common 185896107 4,304 235,200 X 235,200 Inc. CMS Energy Corp Common 125896100 298 12,400 X 12,400 CNA Financial Common 126117100 5,792,451 198,575,624 X 198,575,624 Corp. CNF Inc Common 12612W104 1,039 30,975 X 30,975 Convergys Corp Common 212485106 217 5,800 X 5,800 Compaq Computer Common 204493100 2,240 229,500 X 229,500 Corp. Computer Common 204912109 517 15,000 X 15,000 Associates Cooper Common 216669101 829 23,750 X 23,750 Industries Copart Inc Common 217204106 466 12,800 X 12,800 Corinthian Common 218868107 270 6,600 X 6,600 Colleges Inc Corporate Common 21988R102 539 14,700 X 14,700 Executive Brd Co Costco Whsl. Common 22160K105 391 8,800 X 8,800 Corp. New Countrywide Cr Common 222372104 229 5,600 X 5,600 Inds Inc ----------- TOTAL $ 5,804,075 -----------
Page 6 of 23 Pages
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 CV Therapeutics Common 126667104 $ 244 4,700 X 4,700 Inc Cytec Common 232820100 318 11,775 X 11,775 Industries Darden Common 237194105 219 6,200 X 6,200 Restaurants Inc Del Monte Foods Common 24522P103 156 18,375 X 18,375 Inc Delphi Auto Sys. Common 247126105 1,682 123,100 X 123,100 Corp. Delphi Finl Group Common 247131105 1,878 56,400 X 56,400 Inc Developers Common 251591103 1,910 100,000 X 100,000 Diversified Rlty Co Diamond Offshore Common 25271C102 2,131,040 70,100,000 X 70,100,000 Drilling Dollar Thrifty Common 256743105 1,395 90,000 X 90,000 Automotive GP Dollar Tree Common 256747106 402 13,000 X 13,000 Stores Inc Dow Chemical Co. Common 260543103 3,277 97,000 X 97,000 DuPont E.I. De Common 263534109 850 20,000 X 20,000 Nemours & Co. Earthlink Inc Common 270321102 180 14,800 X 14,800 Eaton Corp. Common 278058102 558 7,500 X 7,500 ----------- TOTAL $ 2,144,109 -----------
Page 7 of 23 Pages
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 Echostar New 278762109 $ 363 13,200 X 13,200 Communications Common Eclipsys Corp Common 278856109 271 16,200 X 16,200 Edwards Ag Inc Common 281760108 499 11,300 X 11,300 Efunds Corp Common 28224R101 202 14,700 X 14,700 Emcore Corp Common 290846104 327 24,300 X 24,300 Emmis Common 291525103 258 10,900 X 10,900 Communications Corp Emulex Corp Common 292475209 320 8,100 X 8,100 EOG Res Inc. Common 26875P101 1,400 35,800 X 35,800 Equity Common 294741103 830 27,600 X 27,600 Office Prop. Trst. Equity Common 29476L107 365 12,700 X 12,700 Residential Pptys Tr Esterline Common 297425100 209 13,050 X 13,050 Technologies Corp Everest Re Group Common 299808105 332 4,700 X 4,700 Ltd Exelon Corp. Common 30161N101 795 16,600 X 16,600 Family DLR Stores Common 307000109 402 13,400 X 13,400 Federated Dept Common 31410H101 2,045 50,000 X 50,000 Stores ----------- TOTAL $ 8,618 -----------
Page 8 of 23 Pages
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 Fedex Corp Common 31304N107 $ 1,422 27,400 X 27,400 Felcor Lodging Common 31430F101 501 30,000 X 30,000 Tr Inc First Data Corp Common 319963104 1,106 14,100 X 14,100 Fortune Brands Common 349631101 648 16,375 X 16,375 FMC Corp Common 302491303 4,526 76,075 X 76,075 Ford Motor Co Common 345370860 629 40,000 X 40,000 (Del) Foundry Common 35063R100 212 2,600 X 2,600 Networks Inc Fox Entmt Common 35138T107 218 8,200 X 8,200 Group Inc FPL Group Inc Common 302571104 327 5,800 X 5,800 Freeport-McMoran Common 35671D857 688 51,400 X 51,400 Copper & Gold Frontline Ltd Common 35906P105 1,032 100,000 X 100,000 Gables Common 362418105 206 6,975 X 6,975 Residential Tr Gannett Inc. Common 364730101 316 4,700 X 4,700 Gap Inc Del Common 364760108 1,401 100,500 X 100,500 General Elec Co Common 369604103 689 17,200 X 17,200 ----------- TOTAL $ 13,921 -----------
Page 9 of 23 Pages
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 Glimcher Rlty Tr Common 379302102 $ 206 10,925 X 10,925 General Mls Inc Common 370334104 400 7,700 X 7,700 General Mtrs Corp Common 370442832 294 19,000 X 19,000 Gentex Corp Common 371901109 203 7,600 X 7,600 Georgia Pac Corp Common 373298108 364 13,200 X 13,200 Glamis Gold Ltd Common 376775102 1,805 500,000 X 500,000 Goodyear Tire & Common 382550101 1,500 63,000 X 63,000 Rubber Co Healthcare Rlty Common 421946104 522 18,625 X 18,625 Tr Health Net Inc Common 42222G108 862 39,575 X 39,575 Healthsouth Corp Common 421924101 371 25,000 X 25,000 Hearst-Argyle Common 422317107 1,078 50,000 X 50,000 Television Inc. Hercules Inc Common 427056106 160 15,975 X 15,975 Hershey Foods Common 427866108 751 11,100 X 11,100 Corp Hewlett Packard Common 428236103 469 22,825 X 22,825 Co Hilton Hotels Common 432848109 1,092 100,000 X 100,000 Corp ----------- TOTAL $ 10,077 -----------
Page 10 of 23 Pages
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 Hot Topic Inc Common 441339108 $ 261 8,300 X 8,300 Intl. Paper Inc. Common 460146103 3,579 88,700 X 88,700 IBM Common 459200101 6,423 53,100 X 53,100 ICN Common 448924100 228 6,800 X 6,800 Pharmaceuticals Inc New Informatica Corp Common 45666Q102 251 17,300 X 17,300 International Common 459902102 450 6,400 X 6,400 Game Technology Internet Sec Sys Common 450306105 279 8,700 X 8,700 Inc JDS Uniphase Corp Common 46612J101 189 21,800 X 21,800 Jefferson Pilot Common 475070108 763 16,500 X 16,500 Corp Jones Apparel Common 480074103 312 9,400 X 9,400 Grp Inc JP Morgan Chase Common 46625H100 349 9,600 X 9,600 Co Kennametal Inc Common 489170100 203 5,050 X 5,050 Keycorp New Common 493267108 224 9,200 X 9,200 Kerr McGee Corp Common 492386107 2,466 45,000 X 45,000 Kindred Common 494580103 858 16,500 X 16,500 Healthcare Inc Kinross Gold Common 496902107 342 450,000 X 450,000 Corp. ----------- TOTAL $ 17,177 -----------
Page 11 of 23 Pages
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 Korea Telecom Common 50063P103 $ 3,050 150,000 X 150,000 Kraft Foods Inc Common 50075N104 466 13,700 X 13,700 Lam Research Corp Common 512807108 204 8,800 X 8,800 Lamar Advert Co Common 512815101 648 15,300 X 15,300 Lear Corp Common 521865105 876 22,975 X 22,975 Legato Sys Inc Common 524651106 294 22,700 X 22,700 Lehman Brothers Common 524908100 554 8,300 X 8,300 Lennox Intl inc Common 526107107 1,315 135,600 X 135,600 Liberty Media-A Common 001957208 1,120 80,000 X 80,000 Limited Inc Common 532716107 346 23,500 X 23,500 Lincoln Natl Common 534187109 1,787 36,800 X 36,800 Corp Ind Lowes Cos Inc Common 548661107 478 10,300 X 10,300 Lubrizol Corp Common 549271104 635 18,100 X 18,100 Magna Intl Inc Common 559222401 1,269 20,000 X 20,000 Marathon Oil Corp Common 902905827 3,864 128,800 X 128,800 Marsh & McLennan Common 571748102 355 3,300 X 3,300 Cos. Cin Marvell Common G5876H105 236 6,600 X 6,600 Technology Group Ltd ----------- TOTAL $ 17,497 -----------
Page 12 of 23 Pages
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 Mattel Inc Common 577081102 $ 556 32,300 X 32,300 Maxtor Corp Common 577729205 $ 2,236 352,750 X 352,750 MBIA Inc Common 55262C100 1,566 29,200 X 29,200 MBNA Corp Common 55262L100 936 26,600 X 26,600 Medicis Pharm Common 584690309 381 5,900 X 5,900 Corp Metromedia Int?l. Common 591695101 41 50,213 X 50,213 Group Inc. MGIC Invt Corp Common 552848103 444 7,200 X 7,200 WIS Michaels Stores Common 594087108 339 10,300 X 10,300 Inc Microtune Inc Del Common 87229N101 284 12,100 X 12,100 Millipore Corp Common 601073109 388 6,400 X 6,400 Mine Safety Common 602720104 803 20,000 X 20,000 Appliances Co. Miramar Mining Common 60466E100 160 330,000 X 330,000 Corp. Mirant Corp Common 604675108 244 15,200 X 15,200 Monsanto Co New Common 61166W101 273 8,075 X 8,075 Morgan Stanely DW Common 617446448 615 11,000 X 11,000 Motorola Inc. Common 620076109 1,502 100,000 X 100,000 ----------- TOTAL $ 10,768 -----------
Page 13 of 23 Pages
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 Nacco Inds Inc Common 629579103 $ 260 4,575 X 4,575 National City Common 635405103 605 20,700 X 20,700 Corp Netegrity Inc Common 64110P107 273 14,100 X 14,100 Netiq Corp Common 64115P102 250 7,100 X 7,100 Newell Common 651229106 2,206 80,000 X 80,000 Rubbermaid Inc News Corp LTD- Common 652487802 4,158 145,000 X 145,000 Spons Adr Prf Nisource Inc Common 65473P105 473 20,500 X 20,500 Norfolk Southern Common 655844108 1,283 70,000 X 70,000 Corp Nortek Inc Common 656559101 1,116 40,000 X 40,000 Nortel Netowrks Common 656568102 149 20,000 X 20,000 Corp New Northern Tr Corp Common 665859104 506 8,400 X 8,400 Northrop Grumman Common 666807102 262 2,600 X 2,600 Corp NRG Energy Inc Common 666807102 975 62,900 X 62,900 Nuance Comm Inc Common 669967101 273 30,000 X 30,000 Numercial Common 67053T101 268 7,600 X 7,600 Technologies Inc Ocean Energy Inc Common 67481E106 1,536 80,000 X 80,000 Office Depot Inc Common 676220106 495 26,700 X 26,700 ----------- TOTAL $ 15,088 -----------
Page 14 of 23 Pages
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 Officemax Inc Common 67622M108 $ 1,199 266,400 X 226,400 Old Rep Int'l Common 680223104 1,315 46,950 X 46,950 Corp On Command Corp. Common 682160106 120 65,996 X 65,996 Orient Express Common G67743107 2,869 158,500 X 158,500 Hotels Overseas Ship- Common 690368105 574 25,500 X 25,500 holding Group Inc Oxford Health Common 691471106 326 10,800 X 10,800 Plans Inc Payless Shoes Common 704379106 994 17,700 X 17,700 Inc Perkin Elmer Inc Common 714046109 609 17,400 X 17,400 Philip Morris Common 718154107 4,878 106,400 X 106,400 Cos Inc Pioneer Std Common 723877106 134 10,525 X 10,525 Electrs Inc Placer Dome Inc. Common 725906101 14,456 1,325,000 X 1,325,000 Pepsico Inc Common 713448108 297 6,100 X 6,100 Plexus Corp Common 729132100 242 9,100 X 9,100 PNM Res Inc Common 69349H107 261 9,325 X 9,325 Potash Corp. Common 73755L107 5,021 81,800 X 81,800 Sask Inc. ----------- TOTAL $ 33,295 -----------
Page 15 of 23 Pages
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 Power Common 739276103 $ 311 13,600 X 13,600 Integrations Inc Power One Inc Common 739308104 328 31,500 X 31,500 Powerwave Common 739363109 349 20,200 X 20,200 Technologies Inc PPL Corp Common 693499105 324 9,300 X 9,300 Praxair Inc Common 74005P104 276 5,000 X 5,000 Precision Common 74022D100 475 18,400 X 18,400 Drilling Corp T Rowe Price Common 741477103 601 17,300 X 17,300 Group Inc Progress Energy Common 743263105 423 9,400 X 9,400 Inc Providian Fincl Common 74406A102 169 47,525 X 47,525 Corp Prudential Fincl Common 744320102 33,190 1,000,000 X 1,000,000 Inc Public Svc Common 744573106 257 6,100 X 6,100 Enterprise Grp Pulte Homes Inc Common 745867101 2,010 45,000 X 45,000 Quantum Corp Common 747906204 645 65,525 X 65,525 Radian Group Common 750236101 680 15,825 X 15,825 Rational Software Common 75409P202 318 16,300 X 16,300 Corp ----------- TOTAL $ 40,356 -----------
Page 16 of 23 Pages
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 Raytheon Co Common 755111101 $ 3,156 97,200 X 97,200 Reliant Energy Common 75952J108 223 8,400 X 8,400 Inc Republic Bancorp Common 760282103 210 15,130 X 15,130 Inc Retek Inc Common 76128Q109 248 8,300 X 8,300 RH Donnelley Corp Common 74955W307 251 8,625 X 8,625 Russell Corp Common 782352108 2,465 164,200 X 164,200 Ryerson Tull Inc Common 78375P107 11,431 1,039,200 X 1,039,200 New Safeway Inc Common 786514208 200 4,800 X 4,800 Sandisk Corp Common 80004C101 194 13,500 X 13,500 Sara Lee Corp Common 803111103 575 25,850 X 25,850 Schulman A Inc Common 808194104 683 50,000 X 50,000 Scientific Common 808655104 1,010 42,200 X 42,200 Atlanta Inc Schwab Charles Common 808513105 456 29,500 X 29,500 Corp SEI Investments Common 784117103 320 7,100 X 7,100 Co Sempra Energy Common 816851109 258 10,500 X 10,500 Servicemaster Co Common 81760N109 732 53,075 X 53,075 ----------- TOTAL $ 22,412 -----------
Page 17 of 23 Pages
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 Sherwin Williams Common 824348406 $ 811 29,500 X 29,500 Co Sierra Pac Res Common 826428104 534 35,500 X 35,500 New Skechers USA Inc Common 830566105 316 21,600 X 21,600 Skywest Inc Common 830879102 262 10,300 X 10,300 SLI Inc Common 78442T108 27 10,175 X 10,175 Sonicwall Inc Common 835470105 264 13,600 X 13,600 Southtrust Corp Common 844730101 843 34,175 X 34,175 Southwest Airls Common 844741108 1,109 60,000 X 60,000 Co Sovereign Bancorp Common 845905108 2,142 175,000 X 175,000 Inc Stein Mart Inc Common 858375108 104 12,475 X 12,475 Still Well Common 860831106 245 9,000 X 9,000 Finl Inc Taiwan Common 874039126 1,359 543,547 X 543,547 Semiconductor Ord Taro Common M8737E108 300 7,500 X 7,500 Pharmaceutical Teekay Shipping Common Y8564W103 2,265 65,000 X 65,000 Marshall Island Telefonica S A Common 879382208 429 10,700 X 10,700 ----------- TOTAL $ 11,010 -----------
Page 18 of 23 Pages
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 Telephone and Common 879433100 $ 485 5,400 X 5,400 Data Sys Inc Tellabs Inc Common 879664100 559 37,375 X 37,375 Texas Instrs Inc Common 882508104 1,400 50,000 X 50,000 Textron Inc Common 883203101 1,658 40,000 X 40,000 Thoratec Corp Common 885175307 4,420 260,000 X 260,000 Timken Co Common 887389104 2,427 150,000 X 150,000 Toys R Us Inc Common 892335100 525 25,300 X 25,300 Travelocity Common 893953109 339 11,800 X 11,800 Com Inc Trigon Healthcare Common 89618L100 403 5,800 X 5,800 Inc Trinity Inds Inc Common 896522109 203 7,475 X 7,475 Trizec Hahn Common 896938107 598 38,075 X 38,075 Corp Unifi Inc Common 904677101 525 72,400 X 72,400 Union Pacific Common 907818108 925 16,225 X 16,225 Corp United Defenses Common 91018B104 421 20,000 X 20,000 Inds Inc Universal Corp VA Common 913456109 256 7,025 X 7,025 Unumprovident Common 91529Y106 254 9,600 X 9,600 Corp ----------- TOTAL $ 15,398 -----------
Page 19 of 23 Pages
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 US Bancorp Del Common 902973304 $ 1,737 83,000 X 83,000 US Freightways Common 916906100 202 6,425 X 6,425 Corp Utilicorp UTD Inc Common 918005109 287 11,400 X 11,400 Utstarcom Inc Common 918076100 234 8,200 X 8,200 Valero Energy Common 91913Y100 4,574 120,000 X 120,000 Ventas Inc Common 92276F100 198 17,175 X 17,175 Visteon Corp Common 92839U107 1,504 100,000 X 100,000 Vodafone Group Common 92857W100 2,568 100,000 X 100,000 PLC New Wachovia Corp Common 929903102 430 13,700 X 13,700 2nd New Wal Mart Stores Common 931142103 386 6,700 X 6,700 Inc Washington Mut Common 939322103 409 12,500 X 12,500 Inc Wells Fargo & Common 949746101 661 15,200 X 15,200 Co. New Wendys Intl Inc Common 950590109 513 17,600 X 17,600 Weyerhaeuser Co Common 962166104 222 4,100 X 4,100 Whirlpool Corp Common 963320106 827 11,275 X 11,275 Willamette Inds Common 969133107 386 7,400 X 7,400 Inc ----------- TOTAL $ 15,138 -----------
Page 20 of 23 Pages
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 Worldcom Inc Common 55268B106 1,478 105,000 X 105,000 GA New Xcel Energy Inc Common 98389B100 447 16,100 X 16,100 XL Cap Ltd Common G98255105 381 4,175 X 4,175 XTO Energy Common 98385X106 348 19,900 X 19,900 ----------- TOTAL $ 2,654 -----------
Page 21 of 23 Pages
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 Barrick Gold Common 067901908 $ 12,760 800,000(c) X 800,000(c) Corp. Barrick Gold Common 067901958 23,447 1,470,000(p) X 1,470,000(p) Corp. Boeing Co. Common 097039558 4,460 115,000(p) X 115,000(p) Bristol Meyers Common 110122958 2,040 40,000(p) X 40,000(p) Squibb Cablvsn Systems Common 126924909 1,186 25,000(c) X 25,000(c) Cablvsn Systems Common 12686C959 1,186 25,000(p) X 25,000(p) Caterpillar Inc. Common 149123951 5,225 100,000(p) X 100,000(p) Chubb Corp. Common 191232951 2,070 30,000(p) X 30,000(p) Compaq Common 204493950 781 80,000(p) X 80,000(p) Deere & Co. Common 244199955 8,732 200,000(p) X 200,000(p) Dow Chemical Co. Common 260543953 6,080 180,000(p) X 180,000(p) DuPont E I de Common 263534959 2,126 50,000(p) X 50,000(p) Nemours & Co. Ford Motor Co. Common 345370950 1,572 100,000(p) X 100,000(p) Gap Inc Common 364760958 1,394 100,000(p) X 100,000(p) GoodYear Tire & Common 382550951 3,095 130,000(p) X 130,000(p) Rubber Co. Intl Paper Co. Common 460146953 8,070 200,000(p) X 200,000(p) JP Morgan Common 46625H950 1,454 40,000(p) X 40,000(p) Merril Lynch Common 590188958 4,170 80,000(p) X 80,000(p) ----------- TOTAL $ 89,848 -----------
Page 22 of 23 Pages
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 Motorola Common 620076959 $ 1,502 100,000(p) X 100,000(p) Newell Rubbermaid Common 651229956 2,757 100,000(p) X 100,000(p) Nortel Netwrks Common 656568902 1,492 200,000(p) X 200,000(p) Placer Dome Common 725906901 2,182 200,000(c) X 200,000(c) Placer Dome Common 725906951 4,055 371,700(p) X 371,700(p) Potash Corp. Common 73755L957 6,138 100,000(p) X 100,000(p) Sask Inc. Schlumberger Common 806857958 6,594 120,000(p) X 120,.000(p) Southwest Common 844741958 2,772 150,000(p) X 150,000(p) Airlines Sunoco Common 86764P909 5,601 150,000(c) X 150,000(c) Texas Instruments Common 882508904 280 10,000(c) X 10,000(c) Texas Instruments Common 882508954 2,800 100,000(p) X 100,000(p) Tiffany & Co Common 886547958 3,147 100,000(p) X 100,000(p) ----------- TOTAL $ 39,320 ----------- AGGREGATE TOTAL $ 8,412,323 ===========
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