<SEC-DOCUMENT>0000060086-21-000018.txt : 20210812
<SEC-HEADER>0000060086-21-000018.hdr.sgml : 20210812
<ACCEPTANCE-DATETIME>20210812152643
ACCESSION NUMBER:		0000060086-21-000018
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210630
FILED AS OF DATE:		20210812
DATE AS OF CHANGE:		20210812
EFFECTIVENESS DATE:		20210812

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:		211167204

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      <filer>
        <credentials>
          <cik>0000060086</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>06-30-2021</periodOfReport>
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  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>06-30-2021</reportCalendarOrQuarter>
      <filingManager>
        <name>Loews Corp</name>
        <address>
          <com:street1>667 Madison Ave</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10065-8087</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F COMBINATION REPORT</reportType>
      <form13FFileNumber>028-00217</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <name>CNA Financial Corporation</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>Y</provideInfoForInstruction5>
      <additionalInformation>Loews Corporation (Loews), by virtue of its approximately 89.6% ownership of voting securities of CNA Financial Corporation 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.</additionalInformation>
    </coverPage>
    <signatureBlock>
      <name>Marc Alpert</name>
      <title>Senior Vice President and General Counsel</title>
      <phone>212-521-2923</phone>
      <signature>Marc Alpert</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>08-12-2021</signatureDate>
    </signatureBlock>
    <summaryPage>
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      <tableValueTotal>11637832</tableValueTotal>
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    <nameOfIssuer>ABBVIE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00287Y109</cusip>
    <value>18022</value>
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    <nameOfIssuer>AIR PRODS &amp; CHEMS IN</nameOfIssuer>
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    <nameOfIssuer>ALAMOS GOLD INC NEW</nameOfIssuer>
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    <nameOfIssuer>AMC ENTMT HLDGS INC</nameOfIssuer>
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    <titleOfClass>COM</titleOfClass>
    <cusip>00191U102</cusip>
    <value>219</value>
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      <sshPrnamt>2261</sshPrnamt>
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    <nameOfIssuer>B2GOLD CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>11777Q209</cusip>
    <value>2910</value>
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      <sshPrnamt>693527</sshPrnamt>
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    <votingAuthority>
      <Sole>693527</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BERRY GLOBAL GROUP I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>08579W103</cusip>
    <value>24852</value>
    <shrsOrPrnAmt>
      <sshPrnamt>381050</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>381050</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>BRISTOL-MYERS SQUIBB</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>110122108</cusip>
    <value>22051</value>
    <shrsOrPrnAmt>
      <sshPrnamt>330000</sshPrnamt>
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    <votingAuthority>
      <Sole>330000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>CAREMAX CL A ORD</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>14171W103</cusip>
    <value>10000</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1000000</sshPrnamt>
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    <votingAuthority>
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    <titleOfClass>COM</titleOfClass>
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      <sshPrnamt>75000</sshPrnamt>
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    <nameOfIssuer>COMCAST CORP NEW</nameOfIssuer>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <titleOfClass>COM</titleOfClass>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>GORES HLDGS V INC</nameOfIssuer>
    <titleOfClass>COM CL A</titleOfClass>
    <cusip>382864106</cusip>
    <value>34380</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3404000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3404000</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>IAMGOLD CORP</nameOfIssuer>
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      <Sole>79000</Sole>
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      <None>0</None>
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    <nameOfIssuer>INGREDION INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>457187102</cusip>
    <value>12218</value>
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      <sshPrnamt>135000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>135000</Sole>
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      <None>0</None>
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    <nameOfIssuer>INSTALLED BLDG PRODS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45780R101</cusip>
    <value>379</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3101</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3101</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>JACOBS ENGR GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>469814107</cusip>
    <value>10007</value>
    <shrsOrPrnAmt>
      <sshPrnamt>75000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>75000</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>JOHN BEAN TECHNOLOGIES</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>477839104</cusip>
    <value>251</value>
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      <sshPrnamt>1759</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1759</Sole>
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      <None>0</None>
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    <nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46625H100</cusip>
    <value>10499</value>
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      <sshPrnamt>67500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>67500</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>KEYSIGHT TECHNOLOGIES</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>49338L103</cusip>
    <value>10423</value>
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      <sshPrnamt>67500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>67500</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>KIRKLAND LAKE GOLD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>49741E100</cusip>
    <value>6199</value>
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      <sshPrnamt>160900</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>160900</Sole>
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      <None>0</None>
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    <nameOfIssuer>LIBERTY TRIPADVISOR</nameOfIssuer>
    <titleOfClass>COM SER A</titleOfClass>
    <cusip>531465102</cusip>
    <value>72</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17653</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17653</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>LYONDELLBASELL IND</nameOfIssuer>
    <titleOfClass>SHS - A -</titleOfClass>
    <cusip>N53745100</cusip>
    <value>8744</value>
    <shrsOrPrnAmt>
      <sshPrnamt>85000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>85000</Sole>
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      <None>0</None>
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    <nameOfIssuer>NORTHROP GRUMMAN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>666807102</cusip>
    <value>7269</value>
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      <sshPrnamt>20000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>20000</Sole>
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      <None>0</None>
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    <nameOfIssuer>OSISKO GOLD ROYALTIE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68827L101</cusip>
    <value>6330</value>
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      <sshPrnamt>461782</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>461782</Sole>
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      <None>0</None>
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    <nameOfIssuer>PERPETUA RESOURCES CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>714266103</cusip>
    <value>7938</value>
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      <sshPrnamt>1083496</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>1083496</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>74139C102</cusip>
    <value>7106</value>
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      <sshPrnamt>742600</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>742600</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>743315103</cusip>
    <value>11785</value>
    <shrsOrPrnAmt>
      <sshPrnamt>120000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>120000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SILVERCREST METALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>828363101</cusip>
    <value>1897</value>
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      <sshPrnamt>216510</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>216510</Sole>
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      <None>0</None>
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    <nameOfIssuer>SITEONE LANDSCAPE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>82982L103</cusip>
    <value>345</value>
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      <sshPrnamt>2038</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2038</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPROTT INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>852066208</cusip>
    <value>3582</value>
    <shrsOrPrnAmt>
      <sshPrnamt>90993</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>90993</Sole>
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      <None>0</None>
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    <nameOfIssuer>SS&amp;C TECHNOLOGIES</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78467J100</cusip>
    <value>11530</value>
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      <sshPrnamt>160000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>160000</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>784730103</cusip>
    <value>1788</value>
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      <sshPrnamt>114689</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>114689</Sole>
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      <None>0</None>
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    <nameOfIssuer>TELEDYNE TECHNOLOGIES</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>879360105</cusip>
    <value>13821</value>
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      <sshPrnamt>33000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>33000</Sole>
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      <None>0</None>
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    <nameOfIssuer>VERTIV HOLDINGS CO</nameOfIssuer>
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    <cusip>92537N108</cusip>
    <value>305</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <cusip>927926303</cusip>
    <value>3940</value>
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    <cusip>949746101</cusip>
    <value>24230</value>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
