0001193125-12-063008.txt : 20120215 0001193125-12-063008.hdr.sgml : 20120215 20120215134641 ACCESSION NUMBER: 0001193125-12-063008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120215 DATE AS OF CHANGE: 20120215 EFFECTIVENESS DATE: 20120215 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: 12615328 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 d302241d13fhr.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: December 31, 2011 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 February 15, 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: 98 Form 13F Information Table Value Total: (thousands) 256,889 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 12/31/2011
VOTING AUTHORITY -------------------------------- Market Value Shares/Par Investment Title of Class CUSIP (1000's) Value SH/PRN Discretion Sole Shared None Name of Issuer -------------- ----------- ------------ ---------- ------ ---------- --------- ------ ---- AMERIGROUP CORP 2.00% Conv Bond... BOND 03073T-AB-8 2,264 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 COVANTA HOLDING 1.00% Conv Bd..... BOND 22282E-AA-0 755 750,000 PRN Sole 750,000 ENERSYS 3.375% Convertible Bond... BOND 29275Y-AA-0 1,011 1,000,000 PRN Sole 1,000,000 LEUCADIA NATL 3.75% Conv Corp Bd.. BOND 527288-AX-2 1,364 1,190,000 PRN Sole 1,190,000 MEDICIS PHRM 2.50% Conv Corp Bd... BOND 58470K-AA-2 1,185 1,000,000 PRN Sole 1,000,000 NUANCE COMMUNIC 2.75% Conv Bds.... BOND 67020Y-AB-6 1,464 1,000,000 PRN Sole 1,000,000 TRANSOCEAN INC 1.50% Conv Bd...... BOND 893830-AW-9 2,741 2,800,000 PRN Sole 2,800,000 VERTEX PHARM 3.35% Corp Bond...... BOND 92532F-AN-0 1,048 1,000,000 PRN Sole 1,000,000 AAR CORP.......................... COM 000361-10-5 192 10,000 SH Sole 10,000 AGL RESOURCE INC.................. COM 001204-10-6 473 11,200 SH Sole 11,200 AT&T INC.......................... COM 00206R-10-2 302 10,000 SH Sole 10,000 ABBOTT LABORATORIES............... COM 002824-10-0 562 10,000 SH Sole 10,000 ADVANCED MICRO DEVICES INC........ COM 007903-10-7 432 80,000 SH Sole 80,000 ALTRIA GROUP INC.................. COM 02209S-10-3 178 6,000 SH Sole 6,000 ANADARKO PETROLEUM CORP........... COM 032511-10-7 6,106 80,000 SH Sole 80,000 APACHE CORP....................... COM 037411-10-5 1,812 20,000 SH Sole 20,000 BP AMOCO P L C ADR................ COM 055622-10-4 3,942 92,240 SH Sole 92,240 BABCOCK & WILCOX CO New........... COM 05615F-10-2 1,207 50,000 SH Sole 50,000 BARD-C R-INC...................... COM 067383-10-9 2,223 26,000 SH Sole 26,000 BARRICK GOLD CORP................. COM 067901-10-8 1,791 39,576 SH Sole 39,576 BAXTER INTERNATIONAL INC.......... COM 071813-10-9 3,464 70,000 SH Sole 70,000 BECTON DICKINSON.................. COM 075887-10-9 2,989 40,000 SH Sole 40,000 BHP BILLITON LTD.................. COM 088606-10-8 8,476 120,000 SH Sole 120,000 BRISTOL MYERS SQUIBB CO........... COM 110122-10-8 4,636 131,549 SH Sole 131,549 BROCADE COMMUNICATIONS SYSTEMS.... COM 111621-30-6 519 100,000 SH Sole 100,000 CVS CAREMARK CORP................. COM 126650-10-0 2,447 60,000 SH Sole 60,000 CAMPBELL SOUP CO.................. COM 134429-10-9 1,330 40,000 SH Sole 40,000 CANADIAN PACIFIC RAILWAY LTD...... COM 13645T-10-0 3,221 47,600 SH Sole 47,600 CENOVUS ENERGY INC................ COM 15135U-10-9 3,320 100,000 SH Sole 100,000 CHEVRON CORP...................... COM 166764-10-0 9,495 89,240 SH Sole 89,240 CISCO SYSTEMS..................... COM 17275R-10-2 5,786 320,000 SH Sole 320,000 CONOCOPHILLIPS.................... COM 20825C-10-4 9,109 125,000 SH Sole 125,000 DOMINION RESOURCES INC............ COM 25746U-10-9 1,833 34,528 SH Sole 34,528 DUPONT DENEMOURS & CO............. COM 263534-10-9 961 21,000 SH Sole 21,000 DUKE ENERGY HOLDING CORPORATION... COM 26441C-10-5 5,236 238,000 SH Sole 238,000 EMC CORP.......................... COM 268648-10-2 3,264 151,553 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 1,853 100,000 SH Sole 100,000 EXXON MOBIL CORP.................. COM 30231G-10-2 10,595 125,000 SH Sole 125,000 FLUOR CORP NEW.................... COM 343412-10-2 2,010 40,000 SH Sole 40,000 FLOWERS FOODS..................... COM 343498-10-1 1,730 91,162 SH Sole 91,162 FREEPORT MCMORAN COPPER & GOLD.... COM 35671D-85-7 910 24,740 SH Sole 24,740 GENERAL DYNAMICS CORPORATION...... COM 369550-10-8 1,328 20,000 SH Sole 20,000 GENERAL ELECTRIC CO............... COM 369604-10-3 716 40,000 SH Sole 40,000 GLOBAL PAYMENTS INC............... COM 37940X-10-2 2,559 54,000 SH Sole 54,000 HARRIS CORP....................... COM 413875-10-5 1,442 40,000 SH Sole 40,000 HEWLETT PACKARD COMPANY........... COM 428236-10-3 3,864 150,000 SH Sole 150,000 HOME DEPOT INC.................... COM 437076-10-2 3,363 80,000 SH Sole 80,000 HUNTINGTON INGALLS INDUSTRIES..... COM 446413-10-6 290 9,285 SH Sole 9,285 ILLINOIS TOOL WORKS INC........... COM 452308-10-9 280 6,000 SH Sole 6,000 INTEL CORP........................ COM 458140-10-0 2,425 100,000 SH Sole 100,000 INTERNATIONAL BUSINESS MACHS CORP. COM 459200-10-1 15,262 83,000 SH Sole 83,000 JPMORGAN CHASE & CO............... COM 46625H-10-0 1,995 60,000 SH Sole 60,000 JOHNSON & JOHNSON................. COM 478160-10-4 6,558 100,000 SH Sole 100,000 KRAFT FOODS INC................... COM 50075N-10-4 190 5,076 SH Sole 5,076 L-3 COMMUNICATIONS HLDGS.......... COM 502424-10-4 667 10,000 SH Sole 10,000 LINCOLN NATIONAL CORP............. COM 534187-10-9 441 22,734 SH Sole 22,734 LOCKHEED MARTIN CORPORATION....... COM 539830-10-9 6,472 80,000 SH Sole 80,000 MCDERMOTT INTERNATIONAL INC....... COM 580037-10-9 2,302 200,000 SH Sole 200,000
MERCK & COMPANY New................... COM 58933Y-10-5 4,147 110,000 SH Sole 110,000 MICROSOFT CORP........................ COM 594918-10-4 8,567 330,000 SH Sole 330,000 MONSANTO COMPANY...................... COM 61166W-10-1 717 10,234 SH Sole 10,234 NEWMONT MINING CORP................... COM 651639-10-6 4,054 67,561 SH Sole 67,561 NORTHROP GRUMMAN CORP................. COM 666807-10-2 3,258 55,712 SH Sole 55,712 NUANCE COMMUNICATIONS INC............. COM 67020Y-10-0 50 2,000 SH Sole 2,000 ORBITAL SCIENCES CORP................. COM 685564-10-6 1,216 83,700 SH Sole 83,700 PFIZER INC............................ COM 717081-10-3 4,459 206,050 SH Sole 206,050 PHILIP MORRIS INTERNATIONAL........... COM 718172-10-9 235 3,000 SH Sole 3,000 PIEDMONT NATURAL GAS COMPANY INC...... COM 720186-10-5 8,677 255,365 SH Sole 255,365 POWERSHARES DB INDEX COMMODITY ETF.... COM 73935S-10-5 671 25,000 SH Sole 25,000 PROGRESS ENERGY INC................... COM 743263-10-5 2,241 40,000 SH Sole 40,000 ULTRASHORT S&P 500 PROSHARES ETF...... COM 74347R-88-3 7,716 400,000 SH Sole 400,000 RAYTHEON CO........................... COM 755111-50-7 6,459 133,500 SH Sole 133,500 SCANA CORP............................ COM 80589M-10-2 2,073 46,000 SH Sole 46,000 SCANSOURCE INC........................ COM 806037-10-7 2,827 78,535 SH Sole 78,535 SCHLUMBERGER LTD...................... COM 806857-10-8 5,533 81,000 SH Sole 81,000 SPECTRA ENERGY CORP................... COM 847560-10-9 4,766 155,000 SH Sole 155,000 TEXAS INSTRUMENTS INC................. COM 882508-10-4 1,456 50,000 SH Sole 50,000 THERMO FISHER SCIENTIFIC INC.......... COM 883556-10-2 899 20,000 SH Sole 20,000 TRIMBLE NAVIGATIONS LTD............... COM 896239-10-0 1,302 30,000 SH Sole 30,000 UNITED TECHNOLOGIES CORP.............. COM 913017-10-9 8,405 115,000 SH Sole 115,000 VERTEX PHARMACEUTICALS................ COM 92532F-10-0 664 20,000 SH Sole 20,000 WILLIAMS COMPANIES.................... COM 969457-10-0 5,283 160,000 SH Sole 160,000 XEROX CORPORATION..................... COM 984121-10-3 1,194 150,000 SH Sole 150,000 ZIMMER HOLDINGS INC................... COM 98956P-10-2 267 5,000 SH Sole 5,000 COVIDIEN LTD.......................... COM G2554F-11-3 1,125 25,000 SH Sole 25,000 NABORS INDUSTRIES LTD................. COM G6359F-10-3 624 36,000 SH Sole 36,000 TRANSOCEAN INC........................ COM H8817H-10-0 921 23,992 SH Sole 23,992 BHP BILLITON LTD 01/21/12 CALLS....... CALL 088606-10-8 (2) 40,000 SH Sole 40,000 BROCADE COMMUNICATIONS 01/21/12 CALLS. CALL 111621-30-6 (11) 100,000 SH Sole 100,000 CISCO SYSTEMS 01/21/2012 CALLS........ CALL 17275R-10-2 (34) 40,000 SH Sole 40,000 CVS CAREMARK CORP 01/21/12 CALLS...... CALL 126650-10-0 (42) 30,000 SH Sole 30,000 EXXON MOBIL CORP 01/21/12 CALLS....... CALL 30231G-10-2 (29) 20,000 SH Sole 20,000 GENERAL ELECTRIC CO 01/21/12 CALLS.... CALL 369604-10-3 (79) 40,000 SH Sole 40,000 HOME DEPOT INC 01/21/12 CALLS......... CALL 437076-10-2 (62) 40,000 SH Sole 40,000 INTEL CORP 01/21/12 CALLS............. CALL 458140-10-0 (32) 40,000 SH Sole 40,000 MICROSOFT CORP 01/21/12 CALLS......... CALL 594918-10-4 (6) 40,000 SH Sole 40,000