Loews 13F Combination Report Shows $12.06B in 28 Positions

Rhea-AI Filing Summary

Loews Corporation filed a Form 13F combination report for the quarter ended 06-30-2025, disclosing 28 reported positions with a total reported 13F value of $12,055,068,614. The filing states Loews owns approximately 92% of voting securities of CNA Financial Corporation and that CNA is reporting certain securities on Loews' behalf, which explains why some holdings may be reported by another manager. The provided excerpt does not include the detailed holdings table, so position-level composition and sector exposure cannot be assessed from this text.

Insights

Institutional Investor Analyst

TL;DR: Loews reports $12.06B across 28 13F positions; CNA handles certain securities due to a ~92% ownership stake—routine disclosure with limited insight here.

The Form 13F combination report shows a sizable 13F footprint of $12,055,068,614 across 28 entries, which indicates material long-equity holdings subject to public disclosure rules. The declaration that CNA Financial Corporation is reporting certain securities on Loews' behalf due to Loews' ~92% voting ownership clarifies reporting responsibility but also means this excerpt may not represent the manager's complete public disclosure. Without the information table of individual holdings, it's not possible to determine concentration, top holdings, or sector allocation from the provided content.

Corporate Governance / Compliance Expert

TL;DR: Filing discloses reporting relationships and a certified signatory; compliance presentation is standard, but the excerpt lacks the holdings table needed for deeper review.

The cover-page language, signer attestation, and explicit statement that CNA reports certain securities on Loews' behalf align with Form 13F requirements to disclose reporting managers and relationships. The report is identified as a 13F combination report, signaling that some holdings are reported elsewhere, and the summary quantifies 28 entries totaling $12,055,068,614. From a compliance perspective, the critical next step is review of the associated information table (not included here) to verify accuracy, timing, and completeness of disclosed positions.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 06-30-2025

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:	Loews Corp
Address:	9 West 57th Street
	New York, NY 10019-2714
Form 13F File Number:	028-00217
CRD Number (if applicable):
SEC File Number (if applicable):

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:		Marc Alpert
Title:		Senior Vice President and General Counsel
Phone:		212-521-2923
Signature, Place, and Date of Signing:
Marc Alpert			New York, NY	08-14-2025
[Signature]			[City, State]	[Date]
Loews Corporation (Loews), by virtue of its approximately 92% ownership of voting securities of CNA Financial Corporation (as of 6/30/2025) whose business address is 151 North Franklin Street, Chicago, Illinois 60606 (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 (Check only one.):
	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).)
X	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).)

List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.]
		Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
		CNA Financial Corporation	028-00346

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		0
	Form 13F Information Table Entry Total:		28
	Form 13F Information Table Value Total:		12,055,068,614
			(round to nearest dollar)

List of Other Included Managers:

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.

[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

NONE

FAQ

What total 13F value did Loews (L) report for the quarter?

The report shows a total 13F value of $12,055,068,614.

How many holdings did Loews (L) disclose on this Form 13F?

The Form 13F information table entry total is 28 holdings.

Why is CNA Financial Corporation mentioned in Loews' 13F filing (L)?

Loews states it owns approximately 92% of CNA's voting securities, and CNA is reporting certain securities on Loews' behalf.

Is this filing a full 13F holdings report for Loews (L)?

The filing is identified as a 13F combination report, meaning a portion of Loews' holdings are reported here and a portion are reported by other manager(s).

Can I see Loews' individual holdings from this excerpt?

No. The provided excerpt does not include the detailed 13F information table with individual holdings.