0000060086-12-000023.txt : 20120813 0000060086-12-000023.hdr.sgml : 20120813 20120813135723 ACCESSION NUMBER: 0000060086-12-000023 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120813 DATE AS OF CHANGE: 20120813 EFFECTIVENESS DATE: 20120813 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: 121027033 BUSINESS ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10065-8087 BUSINESS PHONE: 212-521-2000 MAIL ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10065-8087 13F-HR 1 form_13f63012.txt LOEWS CORPORATION FORM 13-F FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------ FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended June 30, 2012 Check here if Amendment: [ ]; Amendment Number: ------- This Amendment: [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Loews Corporation ------------------------------------------------------------------------------ Address: 667 Madison Avenue New York New York 10065 ------------------------------------------------------------------------------ (Street) (City) (State) (Zip) Form 13F File Number: 28-217 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: Gary W. Garson ------------------------------------------------------------------------------ Title: General Counsel and Senior Vice President ------------------------------------------------------------------------------ Phone: 212-521-2932 ------------------------------------------------------------------------------ Signature, Place, and Date of Signing: /s/ Gary W. Garson ------------------------------------------------------------------------------ (Signature) Place: 667 Madison Avenue New York New York 10065 ------------------------------------------------------------------------------ (Street) (City) (State) (Zip) Date: August 13, 2012 ------------------------------------------------------------------------------ Page 1 of 19 Loews Corporation ("Loews"), by virtue of its approximately 90% ownership of voting securities of CNA Financial Corporation whose business address is 333 South Wabash Avenue, Chicago, Illinois 60604 ("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. CNA is reporting on behalf of Loews regarding the CNA Securities. Report Type: [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager. Form 13F File Number: 28-346 Name: CNA Financial Corporation Page 2 of 19 FORM 13F SUMMARY PAGE REPORT SUMMARY Number of Other Included Managers: NONE. Form 13F Information Table Entry Total: 202 Form 13F Information Table Value Total: $14,551.2 (million) List of Other Included Managers: NONE. Page 3 of 19
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None A123 SYSTEMS INC Common 03739T108 864 685,400 SH Sole 685,400 ABBOTT LABS Common 002824100 6,587 102,175 SH Sole 102,175 AGNICO-EAGLE Common 008474108 748 18,484 SH Sole 18,484 MINES LTD ALLSTATE CORP Common 020002101 203 5,781 SH Sole 5,781 ALVARION LTD Common M0861T100 266 700,000 SH Sole 700,000 AMERICAN CAPITAL Common 02503X105 1,512 45,000 SH Sole 45,000 AGENCY CORP AMERICAN Common 029263100 54 10,825 SH Sole 10,825 REPROGRAPHICS CO AMGEN INC Common 031162100 248 3,400 SH Sole 3,400 AMKOR Common 031652100 195 40,000 SH Sole 40,000 ANADARKO Common 032511107 880 13,300 SH Sole 13,300 PETROLEUM CORP AON PLC Common 037389103 2,573 55,000 SH Sole 55,000 APACHE CORP Common 037411105 359 4,080 SH Sole 4,080 ARTIO GLOBAL Common 04315B107 50 14,400 SH Sole 14,400 INVESTORS INC ASHLAND INC Common 044209104 4,505 65,000 SH Sole 65,000 ----------- TOTAL 19,044 ----------- Page 4 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None AURICO GOLD INC Common 05155C105 2,964 370,048 SH Sole 370,048 AURIZON MINES LTD Common 05155P106 1,686 371,271 SH Sole 371,271 AVNET INC Common 053807103 270 8,750 SH Sole 8,750 BANK OF AMERICA Warrant 060505153 1,023 125,000 SH Sole 125,000 CORP W EXP 10/28/2018 BANK OF NEW YORK Common 064058100 279 12,723 SH Sole 12,723 MELLON CORP BARRICK GOLD Common 067901108 13,351 355,376 SH Sole 355,376 BEMIS COMPANY Common 081437105 3,918 125,000 SH Sole 125,000 BOARDWALK Common 096627104 2,838,139 102,719,466 SH Sole 102,719,466 PIPELINE PARTNERS BORGWARNER INC Common 099724106 3,280 50,000 SH Shared Defined 50,000 BP PLC-SPONS ADR Common 055622104 210 5,174 SH Sole 5,174 BROCADE Common 111621306 1,873 380,000 SH Sole 380,000 COMMUNICATIONS CAL DIVE Common 12802T101 80 27,673 SH Sole 27,673 INTERNATIONAL INC CAPITAL ONE Common 14040H105 3,280 60,000 SH Sole 60,000 FINANCIAL CORP ----------- TOTAL 2,870,353 ----------- Page 5 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None CAPLEASE INC Common 140288101 203 48,798 SH Sole 48,798 CARDINAL HEALTH Common 14149Y108 4,200 100,000 SH Sole 100,000 CATERPILLAR INC Common 149123101 3,396 40,000 SH Sole 40,000 CF INDUSTRIES Common 125269100 20,536 106,000 SH Sole 106,000 HOLDINGS INC CISCO SYSTEMS INC Common 17275R102 11,392 663,500 SH Sole 663,500 CITIGROUP INC Common 172967424 1,478 53,930 SH Sole 53,930 CNA FINANCIAL CORP Common 126117100 6,718,848 242,382,673 SH Sole 242,382,673 CNO FINANCIAL Common 12621E103 315 40,348 SH Sole 40,348 GROUP INC COEUR D'ALENE Common 192108504 3,620 206,154 SH Sole 206,154 MINES CORP COMCAST CORP- Common 20030N200 4,679 149,000 SH Sole 149,000 SPECIAL CL A COMSTOCK MINING Common 205750102 146 58,951 SH Sole 58,951 CUMMINS INC Common 231021106 1,938 20,000 SH Sole 20,000 CVS CAREMARK CORP Common 126650100 7,010 150,000 SH Sole 150,000 ----------- TOTAL 6,777,761 ----------- Page 6 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None DELL INC Common 24702R101 167 13,375 SH Sole 13,375 DENBURY Common 247916208 4,459 295,100 SH Sole 295,100 RESOURCES INC DEVON ENERGY Common 25179M103 377 6,500 SH Sole 6,500 CORPORATION DIAMOND OFFSHORE Common 25271C102 4,145,286 70,104,620 SH Sole 70,104,620 DRILLING DIRECTV-CLASS A Common 25490A101 2,929 60,000 SH Sole 60,000 DU PONT (E.I.) DE Common 263534109 13,654 270,000 SH Sole 270,000 NEMOURS EATON CORP Common 278058102 7,926 200,000 SH Sole 200,000 EMC CORP Common 268648102 1,538 60,000 SH Sole 60,000 ENERGIZER Common 29266R108 3,763 50,000 SH Sole 50,000 HOLDINGS INC ENSCO PLC-CL A Common 29358Q109 559 11,900 SH Sole 11,900 EXETER RESOURCE Common 301835104 987 593,958 SH Sole 593,958 EZCORP INC-CL A Common 302301106 213 9,100 SH Sole 9,100 FEDEX CORP Common 31428X106 861 9,400 SH Sole 9,400 ----------- TOTAL 4,182,719 ----------- Page 7 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None FIFTH THIRD Common 316773100 4,020 300,000 SH Sole 300,000 FORD MOTOR CO Common 345370860 3,836 400,000 SH Sole 400,000 FORTUNE BRANDS Common 34964C106 327 14,700 SH Sole 14,700 HOME & SECURI GENERAL MOTORS CO Common 37045V100 6,705 340,000 SH Sole 340,000 GENERAL MOTORS Warrant 37045V126 805 40,800 SH Sole 40,800 CO W EXP 07/10/2019 GENON ENERGY INC Common 37244E107 118 69,042 SH Sole 69,042 GLOBAL CASH Common 378967103 234 32,444 SH Sole 32,444 ACCESS HOLDINGS GOLDCORP INC Common 380956409 6,013 160,000 SH Sole 160,000 GOLDEN STAR Common 38119T104 211 182,248 SH Sole 182,248 RESOURCES LTD GREEN PLAINS Common 393222104 2,501 400,800 SH Sole 400,800 RENEWABLE ENERG HARSCO CORP Common 415864107 2,999 147,175 SH Sole 147,175 HARTE-HANKS INC Common 416196103 138 15,064 SH Sole 15,064 ----------- TOTAL 27,907 ----------- Page 8 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None HASBRO INC Common 418056107 7,113 210,000 SH Sole 210,000 HEWLETT-PACKARD Common 428236103 8,433 419,320 SH Sole 419,320 HOSPITALITY Common 44106M102 212 8,550 SH Sole 8,550 PROPERTIES TRUST HUDBAY MINERALS Common 443628102 1,088 141,016 SH Sole 141,016 ILLINOIS TOOL WORKS Common 452308109 5,289 100,000 SH Sole 100,000 INFINERA CORP Common 45667G103 1,710 250,000 SH Sole 250,000 INGERSOLL-RAND PLC Common G47791101 213 5,045 SH Sole 5,045 INTL BUSINESS Common 459200101 10,683 54,624 SH Sole 54,624 MACHINES CORP JAGUAR MINING INC Common 47009M103 634 542,163 SH Sole 542,163 JDS UNIPHASE CORP Common 46612J507 523 47,500 SH Sole 47,500 JOHNSON & JOHNSON Common 478160104 12,727 188,387 SH Sole 188,387 JONES GROUP INC Common 48020T101 107 11,203 SH Sole 11,203 JOY GLOBAL INC Common 481165108 1,702 30,000 SH Sole 30,000 ----------- TOTAL 50,434 ----------- Page 9 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None JPMORGAN CHASE & Common 46625H100 1,945 54,433 SH Sole 54,433 KIMBER RESOURCES Common 49435N101 460 641,515 SH Sole 641,515 KIMBERLY-CLARK Common 494368103 7,539 90,000 SH Sole 90,000 KINROSS GOLD Common 496902404 7,822 959,759 SH Sole 959,759 KOBEX MINERALS Common 49989C105 134 238,285 SH Sole 238,285 KRAFT FOODS INC- Common 50075N104 8,883 230,000 SH Sole 230,000 CLASS A LEGG MASON INC Common 524901105 264 10,004 SH Sole 10,004 LIFE TECHNOLOGIES Common 53217V109 220 4,890 SH Sole 4,890 CORP LINCOLN NATIONAL Common 534187109 394 18,000 SH Sole 18,000 CORP LOCKHEED MARTIN Common 539830109 2,612 30,000 SH Sole 30,000 LOWE'S COS INC Common 548661107 4,550 160,000 SH Sole 160,000 MAG SILVER CORP Common 55903Q104 1,858 210,888 SH Sole 210,888 MARKET VECTORS JR Common 57060U589 2,939 153,000 SH Sole 153,000 GOLD MINER ----------- TOTAL 39,620 ----------- Page 10 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None MARTIN MARIETTA Common 573284106 3,153 40,000 SH Sole 40,000 MATERIALS MASCO CORP Common 574599106 174 12,550 SH Sole 12,550 MATTEL INC Common 577081102 8,110 250,000 SH Sole 250,000 MEDTRONIC INC Common 585055106 228 5,895 SH Sole 5,895 MERCK & CO. INC. Common 58933Y105 684 16,394 SH Sole 16,394 METLIFE INC Common 59156R108 443 14,350 SH Sole 14,350 MICROSOFT CORP Common 594918104 31,224 1,020,717 SH Sole 1,020,717 MIDWAY GOLD CORP Common 598153104 262 197,679 SH Sole 197,679 MORGANS HOTEL Common 61748W108 6,181 1,315,000 SH Sole 1,315,000 GROUP CO MUELLER WATER Common 624758108 136 39,189 SH Sole 39,189 PRODUCTS INC-A NATIONAL OILWELL Common 637071101 10,955 170,000 SH Sole 170,000 VARCO INC NATL PENN BCSHS Common 637138108 99 10,400 SH Sole 10,400 NEWELL Common 651229106 4,989 275,000 SH Sole 275,000 RUBBERMAID INC ----------- TOTAL 66,638 ----------- Page 11 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None NEWMONT MINING Common 651639106 4,851 100,000 SH Sole 100,000 NORTHROP Common 666807102 293 4,591 SH Sole 4,591 GRUMMAN CORP NYSE EURONEXT Common 629491101 3,581 140,000 SH Sole 140,000 OCCIDENTAL Common 674599105 1,021 11,900 SH Sole 11,900 PETROLEUM CORP OCH-ZIFF CAPITAL Common 67551U105 3,411 450,000 SH Shared Defined 450,000 MGT-A ORACLE CORP Common 68389X105 16,678 561,540 SH Sole 561,540 PAN AMERICAN Common 697900108 2,548 147,905 SH Sole 147,905 SILVER CORP PARK STERLING CORP Common 70086Y105 107 22,700 SH Sole 22,700 PARKER HANNIFIN Common 701094104 2,306 30,000 SH Sole 30,000 PFIZER INC Common 717081103 6,187 269,000 SH Sole 269,000 PMC - SIERRA INC Common 69344F106 2,088 340,000 SH Sole 340,000 PNC FINANCIAL Common 693475105 4,408 72,139 SH Sole 72,139 SERVICES GROUP PPL CORPORATION Common 69351T106 834 30,000 SH Sole 30,000 ----------- TOTAL 48,313 ----------- Page 12 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None PRETIUM Common 74139C102 965 69,500 SH Sole 69,500 RESOURCES INC RANDGOLD Common 752344309 1,628 18,085 SH Sole 18,085 RESOURCES LTD- REINSURANCE Common 759351604 426 8,000 SH Sole 8,000 GROUP OF AMERICA REPUBLIC SERVICES Common 760759100 5,954 225,000 SH Sole 225,000 INC ROYAL DUTCH Common 780259206 4,013 59,515 SH Sole 59,515 SHELL PLC-ADR RUBICON MINERALS Common 780911103 4,286 1,401,817 SH Sole 1,401,817 CORP SCHLUMBERGER LTD Common 806857108 9,931 153,000 SH Sole 153,000 SCHWAB CHARLES Common 808513105 1,810 140,000 SH Sole 140,000 CORP SEAGATE Common G7945M107 11,623 470,000 SH Sole 470,000 SONOCO PRODUCTS Common 835495102 3,015 100,000 SH Sole 100,000 STAPLES INC Common 855030102 7,878 603,716 SH Sole 603,716 STILLWATER MINING Common 86074Q102 7,584 888,074 SH Sole 888,074 SUNCOR ENERGY INC Common 867224107 8,752 302,300 SH Sole 302,300 ----------- TOTAL 67,865 ----------- Page 13 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None TARGET CORP Common 87612E106 5,237 90,000 SH Sole 90,000 THERMO FISHER Common 883556102 295 5,685 SH Sole 5,685 SCIENTIFIC INC THORATEC CORP Common 885175307 739 22,000 SH Sole 22,000 TIME WARNER CABLE Common 88732J207 5,747 70,000 SH Sole 70,000 TOTAL SA-SPON ADR Common 89151E109 8,091 180,000 SH Sole 180,000 TRAVELERS COS INC Common 89417E109 830 13,000 SH Sole 13,000 UBS AG-REG Common H89231338 145 12,425 SH Sole 12,425 UNITED Common 910047109 244 10,015 SH Sole 10,015 CONTINENTAL UNITED PARCEL Common 911312106 6,301 80,000 SH Sole 80,000 SERVICE-CL B URANIUM ENERGY Common 916896103 143 62,341 SH Sole 62,341 VIRTUS INVESTMENT Common 92828Q109 269 3,318 SH Sole 3,318 PARTNERS VISTA GOLD CORP Common 927926303 5,118 1,758,748 SH Sole 1,758,748 WALT DISNEY CO Common 254687106 2,425 50,000 SH Sole 50,000 ----------- TOTAL 35,584 ----------- Page 14 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None WELLPOINT INC Common 94973V107 300 4,700 SH Sole 4,700 WESTERN DIGITAL Common 958102105 6,858 225,000 SH Sole 225,000 WESTERN UNION CO Common 959802109 2,273 135,000 SH Sole 135,000 WET SEAL INC-CLASS Common 961840105 34 10,800 SH Sole 10,800 WHITING Common 966387102 329 8,000 SH Sole 8,000 PETROLEUM CORP WPX ENERGY INC Common 98212B103 184 11,353 SH Sole 11,353 WYNN RESORTS LTD Common 983134107 3,112 30,000 SH Shared Defined 30,000 XEROX CORP Common 984121103 780 99,075 SH Sole 99,075 YAHOO! INC Common 984332106 307 19,409 SH Sole 19,409 ZHONE Common 98950P884 445 680,000 SH Sole 680,000 TECHNOLOGIES INC ZOLTEK COMPANIES Common 98975W104 1,874 207,500 SH Sole 207,500 ----------- TOTAL 16,496 ----------- Page 15 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None BANK OF AMERICA Common 060505904 4,090 500,000 SH Call Shared Defined 500,000 BARRICK GOLD Common 067901908 8,265 220,000 SH Call Sole 220,000 BARRICK GOLD Common 067901958 15,028 400,000 SH Put Sole 400,000 BOEING CO Common 097023955 5,201 70,000 SH Put Sole 70,000 CAMECO CORP Common 13321L958 877 40,000 SH Put Sole 40,000 CARDINAL HEALTH Common 14149Y958 4,200 100,000 SH Put Sole 100,000 CATERPILLAR INC Common 149123901 8,491 100,000 SH Call Shared Defined 100,000 CATERPILLAR INC Common 149123951 8,491 100,000 SH Put Sole 100,000 CF INDUSTRIES Common 125269950 3,875 20,000 SH Put Sole 20,000 HOLDINGS INC CHEVRON CORP Common 166764950 6,327 60,000 SH Put Sole 60,000 CISCO SYSTEMS INC Common 17275R952 5,151 300,000 SH Put Sole 300,000 CITIGROUP INC Common 172967904 1,096 40,000 SH Call Sole 40,000 CITIGROUP INC Common 172967954 2,193 80,000 SH Put Sole 80,000 ----------- TOTAL 73,285 ----------- Page 16 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None CUMMINS INC Common 231021956 5,815 60,000 SH Put Sole 60,000 DU PONT E I DE Common 263534959 8,597 170,000 SH Put Sole 170,000 NEMOURS EATON CORP Common 278058952 3,963 100,000 SH Put Sole 100,000 FREEPORT- Common 35671D907 5,111 150,000 SH Call Shared Defined 150,000 MCMORAN COPPER GENERAL MOTORS CO Common 37045V900 2,958 150,000 SH Call Shared Defined 150,000 GOLDCORP INC Common 380956959 6,013 160,000 SH Put Sole 160,000 INTEL CORP Common 458140950 2,132 80,000 SH Put Sole 80,000 INTL BUSINESS Common 459200901 9,779 50,000 SH Call Shared Defined 50,000 MACHINES CORP INTL BUSINESS Common 459200951 7,823 40,000 SH Put Sole 40,000 MACHINES CORP JOY GLOBAL INC Common 481165958 3,971 70,000 SH Put Sole 70,000 LAS VEGAS SANDS Common 517834907 5,436 125,000 SH Call Shared Defined 125,000 LOWE'S COS INC Common 548661907 7,110 250,000 SH Call Shared Defined 250,000 LOWE'S COS INC Common 548661957 6,826 240,000 SH Put Sole 240,000 ----------- TOTAL 75,534 ----------- Page 17 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None MACY'S INC Common 55616P904 8,588 250,000 SH Call Shared Defined 250,000 MARATHON OIL Common 565849956 1,534 60,000 SH Put Sole 60,000 MARKET VECTORS JR Common 57060U959 6,916 360,000 SH Put Sole 360,000 GOLD MINER MARTIN MARIETTA Common 573284956 8,670 110,000 SH Put Sole 110,000 MATERIALS MASTERCARD INC- Common 57636Q954 4,301 10,000 SH Put Sole 10,000 CLASS A MERCK & CO. INC. Common 58933Y955 4,175 100,000 SH Put Sole 100,000 MICROSOFT CORP Common 594918954 8,871 290,000 SH Put Sole 290,000 MORGAN STANLEY Common 617446958 5,544 380,000 SH Put Sole 380,000 NEWMONT MINING Common 651639956 4,851 100,000 SH Put Sole 100,000 PARKER HANNIFIN Common 701094954 3,844 50,000 SH Put Sole 50,000 POWERSHARES QQQ Common 73935A904 9,624 150,000 SH Call Shared Defined 150,000 NASDAQ 100 PRUDENTIAL Common 744320952 6,779 140,000 SH Put Sole 140,000 FINANCIAL INC SCHWAB CHARLES Common 808513955 3,362 260,000 SH Put Sole 260,000 CORP ----------- TOTAL 77,059 ----------- Page 18 of 19 Pages
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Title Shares or Voting Authority(Shares) of CUSIP Value Principal Investment Other ------------------------- Name of Issuer Class Number (x$1000) Amount SH/PRN Put/Call Discretion Managers Sole Shared None SPDR S&P 500 ETF Common 78462F953 68,170 500,000 SH Put Shared Defined 500,000 TRUST STAPLES INC Common 855030952 1,305 100,000 SH Put Sole 100,000 TESLA MOTORS INC Common 88160R901 15,645 500,000 SH Call Shared Defined 500,000 UNITED Common 910047959 4,866 200,000 SH Put Sole 200,000 CONTINENTAL UNITED PARCEL Common 911312956 9,451 120,000 SH Put Sole 120,000 SERVICE-CL B VISA INC-CLASS A Common 92826C959 12,363 100,000 SH Put Sole 100,000 SHARES VULCAN MATERIALS Common 929160959 794 20,000 SH Put Sole 20,000 WALT DISNEY CO Common 254687956 6,305 130,000 SH Put Sole 130,000 WHIRLPOOL CORP Common 963320956 3,669 60,000 SH Put Sole 60,000 ----------- TOTAL $ 122,568 ----------- AGGREGATE $14,551,179 =========== Page 19 of 19 Pages