FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 2012

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:     CNA Financial Corporation
Address:  333 S. Wabash
	  Chicago,IL 60604


13F File Number:  28-346

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: Lawrence J. Boysen
Title: Senior Vice President and Corporate Controller
Phone: (312) 822 5653
Signature, Place, and Date of Signing:

/s/ Lawrence J. Boysen             Chicago, IL                        08/14/2012
---------------------------------  ---------------------------------  ----------
[Signature]                        [City, State]                      [Date]



Assets reported herein are described as having shared
investment discretion among Loews Corporation, CNA Financial
Corporation, The Continental Corporation and Continental Casualty
Company. Each of the foregoing entities specifically disclaims
ownership of any securities in this report which are not
beneficially owned by that entity and states that such assets
are solely under the control of its board of directors. The
characterization of shared investment discretion with parent
holding companies is made solely as a consequence of SEC
interpretations regarding control of the subsidiary through
share ownership. Loews Corporation owns approximately 90%
of the outstanding shares of CNA Financial Corporation; CNA
Financial Corporation owns 100% of the outstanding shares of
The Continental Corporation; and The Continental Corporation owns
100% of the outstanding shares of Continental Casualty Company.
Loews Corporation will report separately on securities over which
it has investment discretion which are not part of this report.

Report Type (Check only one.):

 [  X ]              13F HOLDINGS REPORT.

 [    ]              13F NOTICE.

 [    ]              13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:




<Page>



FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: 3

Form 13F Information Table Entry Total: 168

Form 13F Information Table Value Total:  $379,934 (in thousands)



List of Other Included Managers:

No. 	13F File Number		 Name

1	28-217		Loews Corporation
2	28-172		The Continental Corporation
3	28-387		Continental Casualty Company

<Page>
<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
ABBOTT LABORATORIES         COM     002824100  2,898   44,950     SH       DEFINED    1,2,3            44,950
ACTUANT CORP                CL A    00508X203  1,483   54,600     SH       DEFINED    1,2,3            54,600
AEROPOSTALE INC             COM     007865108  880     49,375     SH       DEFINED    1,2,3            49,375
ALLSTATE CORPORATION        COM     020002101  2,210   62,975     SH       DEFINED    1,2,3            62,975
AMERICAN EQUITY INVT LIFE   COM     025676206  1,023   92,925     SH       DEFINED    1,2,3            92,925
AMERICAN INTERNATIONAL GRP  COM     026874784  1,810   56,400     SH       DEFINED    1,2,3            56,400
AMERICAN REPROGRAPHICS CO   COM     029263100  656     130,375    SH       DEFINED    1,2,3           130,375
AMGEN INC                   COM     031162100  3,646   50,000     SH       DEFINED    1,2,3            50,000
ANADARKO PETROLEUM CORP     COM     032511107  9,301   140,500    SH       DEFINED    1,2,3           140,500
APACHE CORP                 COM     037411105  5,713   65,000     SH       DEFINED    1,2,3            65,000
APOLLO GLOBAL MANAGEMENT    CL A    037612306  418     33,700     SH       DEFINED    1,2,3            33,700
APOLLO GROUP INC            CL A    037604105  2,135   59,000     SH       DEFINED    1,2,3            59,000
ARGAN INC                   COM     04010E109  184     13,195     SH       DEFINED    1,2,3            13,195
ARGO GROUP INTERNATIONAL    COM     G0464B107  1,327   45,350     SH       DEFINED    1,2,3            45,350
ARTHUR J GALLAGHER & CO     COM     363576109  768     21,900     SH       DEFINED    1,2,3            21,900
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
ARTIO GLOBAL INVESTORS INC  CL A    04315B107  228     65,200     SH       DEFINED    1,2,3            65,200
ASPEN INSURANCE HOLDINGS    SHS     G05384105  1,168   40,400     SH       DEFINED    1,2,3            40,400
ASSURANT INC                COM     04621X108  2,787   80,000     SH       DEFINED    1,2,3            80,000
AVNET INC                   COM     053807103  2,932   95,025     SH       DEFINED    1,2,3            95,025
BAKER HUGHES INC            COM     057224107  1,408   34,250     SH       DEFINED    1,2,3            34,250
BANK OF AMERICA CORP        COM     060505104  928     113,425    SH       DEFINED    1,2,3           113,425
BANK OF NEW YORK            COM     064058100  2,748   125,192    SH       DEFINED    1,2,3           125,192
BARRICK GOLD CORP           COM     067901108  3,640   96,886     SH       DEFINED    1,2,3            96,886
BAXTER INTL                 COM     071813109  1,026   19,308     SH       DEFINED    1,2,3            19,308
BBCN BANCORP INC            COM     073295107  1,307   120,000    SH       DEFINED    1,2,3           120,000
BLUEKNIGHT ENERGY PARTNERS  COM     09625U109  2,273   341,310    SH       DEFINED    1,2,3           341,310
BP PLC                      SPONS   055622104  2,255   55,614     SH       DEFINED    1,2,3            55,614
BRADY CORPORATION           CL A    104674106  1,675   60,875     SH       DEFINED    1,2,3            60,875
CABOT OIL & GAS CORP        COM     127097103  1,241   31,500     SH       DEFINED    1,2,3            31,500
CAL DIVE INTERNATIONAL INC  COM     12802T101  365     125,800    SH       DEFINED    1,2,3           125,800
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
CALLAWAY GOLF COMPANY       COM     131193104  169     28,600     SH       DEFINED    1,2,3            28,600
CANADIAN NATURAL RESOURCES  COM     136385101  537     20,000     SH       DEFINED    1,2,3            20,000
CAPITAL LEASE FUNDING INC   COM     140288101  915     220,387    SH       DEFINED    1,2,3           220,387
CAPITAL PRODUCT PARTNERS    COM     Y11082107  575     76,000     SH       DEFINED    1,2,3            76,000
CARPENTER TECHNOLOGY        COM     144285103  297     6,200      SH       DEFINED    1,2,3             6,200
CASTLE (A.M.) & CO          COM     148411101  423     39,800     SH       DEFINED    1,2,3            39,800
CIRCOR INTERNATIONAL INC    COM     17273K109  1,078   31,625     SH       DEFINED    1,2,3            31,625
CITIGROUP INC               COM     172967424  3,931   143,414    SH       DEFINED    1,2,3           143,414
CNO FINANCIAL GROUP INC     COM     12621E103  1,880   241,075    SH       DEFINED    1,2,3           241,075
COCA COLA CO                COM     191216100  649     8,300      SH       DEFINED    1,2,3             8,300
COLLECTIVE BRANDS INC       COM     19421W100  315     14,700     SH       DEFINED    1,2,3            14,700
COMCAST CORP                CL A    20030N200  7,850   250,000    SH       DEFINED    1,2,3           250,000
COMPUTER SCIENCES CORP      COM     205363104  1,670   67,275     SH       DEFINED    1,2,3            67,275
CONSTELLATION ENERGY PART   CL B    21038E101  285     180,260    SH       DEFINED    1,2,3           180,260
CON-WAY INC                 COM     205944101  1,137   31,475     SH       DEFINED    1,2,3            31,475
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
CURTISS-WRIGHT CORP         COM     231561101  1,002   32,275     SH       DEFINED    1,2,3            32,275
DELL COMPUTER CORP          COM     24702R101  1,822   145,675    SH       DEFINED    1,2,3           145,675
DELPHI AUTOMOTIVE PLC       SHS     G27823106  598     23,450     SH       DEFINED    1,2,3            23,450
DENBURY RESOURCES INC       COM     247916208  2,342   155,000    SH       DEFINED    1,2,3           155,000
DEVON ENERGY CORP           COM     25179M103  4,668   80,500     SH       DEFINED    1,2,3            80,500
DEVRY INC                   COM     251893103  813     26,250     SH       DEFINED    1,2,3            26,250
DIAMONDROCK HOSPITALITY CO  COM     252784301  1,307   128,171    SH       DEFINED    1,2,3           128,171
DIODES INC                  COM     254543101  1,327   70,675     SH       DEFINED    1,2,3            70,675
ENERSYS                     COM     29275Y102  763     21,750     SH       DEFINED    1,2,3            21,750
ENSCO INTERNATIONAL INC     SPONS   29358Q109  2,818   60,000     SH       DEFINED    1,2,3            60,000
ENTERGY CORP                COM     29364G103  1,896   27,925     SH       DEFINED    1,2,3            27,925
EOG RESOURCES INC           COM     26875P101  901     10,000     SH       DEFINED    1,2,3            10,000
EXXON MOBIL CORP            COM     30231G102  1,876   21,925     SH       DEFINED    1,2,3            21,925
EZCORP INC                  CL A    302301106  957     40,800     SH       DEFINED    1,2,3            40,800
FEDEX CORPORATION           COM     31428X106  7,649   83,500     SH       DEFINED    1,2,3            83,500
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
FIRST AMERICAN FINANCIAL    COM     31847R102  537     31,675     SH       DEFINED    1,2,3            31,675
FORTUNE BRANDS HOME & SEC   COM     34964C106  3,799   170,600    SH       DEFINED    1,2,3           170,600
FRANKLIN RESOURCES INC      COM     354613101  1,446   13,025     SH       DEFINED    1,2,3            13,025
GENERAL MOTORS              WARRANT 37045V118  546     49,558     SH       DEFINED    1,2,3            49,558
GENON ENERGY INC            COM     37244E107  1,160   678,164    SH       DEFINED    1,2,3           678,164
GLOBAL CASH ACCESS INC      COM     378967103  1,056   146,416    SH       DEFINED    1,2,3           146,416
GLOBAL INDEMNITY PLC        SHS     G39319101  353     17,408     SH       DEFINED    1,2,3            17,408
GOLDMAN SACHS GROUP INC     COM     38141G104  1,318   13,750     SH       DEFINED    1,2,3            13,750
GOOGLE INC                  CL A    38259P508  2,674   4,610      SH       DEFINED    1,2,3             4,610
GRAY TELEVISION INC         COM     389375106  620     421,444    SH       DEFINED    1,2,3           421,444
GREAT PLAINS ENERGY INC     COM     391164100  413     19,300     SH       DEFINED    1,2,3            19,300
GRIFFON CORPORATION         COM     398433102  1,085   126,419    SH       DEFINED    1,2,3           126,419
HALOZYME THERAPEUTICS INC   COM     40637H109  332     37,525     SH       DEFINED    1,2,3            37,525
HARSCO CORP                 COM     415864107  1,213   59,500     SH       DEFINED    1,2,3            59,500
HARTE-HANKS INC             COM     416196103  1,798   196,750    SH       DEFINED    1,2,3           196,750
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
HARTFORD FINANCIAL SVCS GRP COM     416515104  882     50,000     SH       DEFINED    1,2,3            50,000
HESS CORP                   COM     42809H107  1,853   42,650     SH       DEFINED    1,2,3            42,650
HEWLETT-PACKARD CO          COM     428236103  6,138   305,233    SH       DEFINED    1,2,3           305,233
HOSPITALITY PROPERTIES      COM SHS 44106M102  2,307   93,125     SH       DEFINED    1,2,3            93,125
HUNTINGTON INGALLS IND      COM     446413106  1,845   45,850     SH       DEFINED    1,2,3            45,850
ICONIX BRAND GROUP INC      COM     451055107  713     40,800     SH       DEFINED    1,2,3            40,800
INGERSOLL RAND CO           SHS     G47791101  2,091   49,570     SH       DEFINED    1,2,3            49,570
INNOSPEC INC                COM     45768S105  637     21,498     SH       DEFINED    1,2,3            21,498
INSIGHT ENTERPRISES INC     COM     45765U103  512     30,428     SH       DEFINED    1,2,3            30,428
INTERNATIONAL BUSINESS MACH COM     459200101  23,607  120,705    SH       DEFINED    1,2,3           120,705
INTERVAL LEISURE GROUP      COM     46113M108  293     15,435     SH       DEFINED    1,2,3            15,435
INVESCO LTD                 SHS     G491BT108  1,418   62,725     SH       DEFINED    1,2,3            62,725
JAKKS PACIFIC INC           COM     47012E106  641     40,025     SH       DEFINED    1,2,3            40,025
JOHNSON & JOHNSON           COM     478160104  4,831   71,505     SH       DEFINED    1,2,3            71,505
JONES APPAREL GROUP INC     COM     48020T101  1,368   143,075    SH       DEFINED    1,2,3           143,075
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
JPMORGAN CHASE & COMPANY    COM     46625H100  4,866   136,175    SH       DEFINED    1,2,3           136,175
KAISER ALUMINUM CORP        COM     483007704  394     7,600      SH       DEFINED    1,2,3             7,600
KAPSTONE PAPER & PACKAGING  COM     48562P103  314     19,800     SH       DEFINED    1,2,3            19,800
L-3 COMMUNICATIONS CORP     COM     502424104  2,133   28,825     SH       DEFINED    1,2,3            28,825
LEGG MASON INC              COM     524901105  2,592   98,299     SH       DEFINED    1,2,3            98,299
LENNAR CORP - B SHS         CL B    526057302  418     17,380     SH       DEFINED    1,2,3            17,380
LIFE TECHNOLOGIES CORP      COM     53217V109  2,163   48,075     SH       DEFINED    1,2,3            48,075
LINCOLN NATIONAL CORP IND   COM     534187109  3,937   180,000    SH       DEFINED    1,2,3           180,000
MASCO CORPORATION           COM     574599106  1,890   136,250    SH       DEFINED    1,2,3           136,250
MCGRAW HILL COMPANIES INC   COM     580645109  1,484   32,985     SH       DEFINED    1,2,3            32,985
MEDTRONIC INC               COM     585055106  2,244   57,935     SH       DEFINED    1,2,3            57,935
MERCK & CO. INC.            COM     58933Y105  6,719   160,932    SH       DEFINED    1,2,3           160,932
METLIFE INC                 COM     59156R108  4,331   140,400    SH       DEFINED    1,2,3           140,400
MI DEVELOPMENTS INC         CL A    55304X104  1,051   31,000     SH       DEFINED    1,2,3            31,000
MICROSOFT CORP              COM     594918104  9,391   307,005    SH       DEFINED    1,2,3           307,005
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
MILLER INDUSTRIES INC/TENN  COM     600551204  175     10,962     SH       DEFINED    1,2,3            10,962
MOHAWK INDUSTRIES INC       COM     608190104  1,658   23,750     SH       DEFINED    1,2,3            23,750
MONSTER WORLDWIDE INC       COM     611742107  899     108,150    SH       DEFINED    1,2,3           108,150
MORGAN ST DEAN WITTER DISC  COM     617446448  1,071   73,425     SH       DEFINED    1,2,3            73,425
MOTOROLA INC                COM     620076307  908     18,877     SH       DEFINED    1,2,3            18,877
MUELLER WATER PRODUCTS INC  COM     624758108  1,003   289,975    SH       DEFINED    1,2,3           289,975
NATL PENN BCSHS INC         COM     637138108  1,310   137,250    SH       DEFINED    1,2,3           137,250
NELNET INC-CL A             CL A    64031N108  334     14,500     SH       DEFINED    1,2,3            14,500
NORTHROP GRUMMAN CORP       COM     666807102  3,158   49,500     SH       DEFINED    1,2,3            49,500
NV ENERGY INC               COM     67073Y106  454     25,800     SH       DEFINED    1,2,3            25,800
OCCIDENTAL PETROLEUM        COM     674599105  7,719   90,000     SH       DEFINED    1,2,3            90,000
OFFICEMAX INC               COM     67622P101  543     107,250    SH       DEFINED    1,2,3           107,250
OMNICOM GROUP               COM     681919106  1,875   38,575     SH       DEFINED    1,2,3            38,575
ORACLE CORP                 COM     68389X105  11,526  388,065    SH       DEFINED    1,2,3           388,065
OVERHILL FARMS INC          COM     690212105  167     42,618     SH       DEFINED    1,2,3            42,618
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
OWENS CORNING               COM     690742101  1,692   59,300     SH       DEFINED    1,2,3            59,300
PACIFIC ETHANOL INC         COM     69423U206  352     992,389    SH       DEFINED    1,2,3           992,389
PAR PHARMACEUTICAL COS INC  COM     69888P106  369     10,200     SH       DEFINED    1,2,3            10,200
PARK STERLING CORP          COM     70086Y105  484     102,666    SH       DEFINED    1,2,3           102,666
PARTNERRE LTD               COM     G6852T105  2,106   27,825     SH       DEFINED    1,2,3            27,825
PFIZER INC                  COM     717081103  4,600   200,000    SH       DEFINED    1,2,3           200,000
PHH CORP                    COM     693320202  1,380   78,950     SH       DEFINED    1,2,3            78,950
PHOTOMEDEX INC              COM     719358301  1,273   104,770    SH       DEFINED    1,2,3           104,770
PIKE ELECTRIC CORP          COM     721283109  446     57,750     SH       DEFINED    1,2,3            57,750
PIONEER NATURAL RESOURCES   COM     723787107  3,528   40,000     SH       DEFINED    1,2,3            40,000
PITNEY-BOWES  INC           COM     724479100  1,168   78,046     SH       DEFINED    1,2,3            78,046
PNC FINANCIAL CORP          COM     693475105  1,556   25,469     SH       DEFINED    1,2,3            25,469
PORTLAND GENERAL ELECTRIC   COM     736508847  414     15,525     SH       DEFINED    1,2,3            15,525
PRIMERICA INC               COM     74164M108  1,530   57,250     SH       DEFINED    1,2,3            57,250
PROTECTIVE LIFE CORP        COM     743674103  538     18,300     SH       DEFINED    1,2,3            18,300
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
RENT-A-CENTER INC           COM     76009N100  1,162   34,475     SH       DEFINED    1,2,3            34,475
RENTECH NITROGEN PARTNERS   COM     760113100  8,168   296,900    SH       DEFINED    1,2,3           296,900
ROYAL DUTCH SHELL PLC       SPONS   780259206  2,445   36,266     SH       DEFINED    1,2,3            36,266
SEALY CORP                  SR SECD 812139400  298     5,114      SH       DEFINED    1,2,3             5,114
SEARS HOLDINGS CORP         COM     812350106  1,043   17,465     SH       DEFINED    1,2,3            17,465
SKECHERS USA INC            CL A    830566105  918     45,067     SH       DEFINED    1,2,3            45,067
SPDR GOLD TRUST             SHS     78463V107  38,798  250,000    SH       DEFINED    1,2,3           250,000
STAPLES INC                 COM     855030102  5,930   454,422    SH       DEFINED    1,2,3           454,422
STATE STREET CORP           COM     857477103  1,312   29,400     SH       DEFINED    1,2,3            29,400
SUPERIOR ENERGY SERVICES INCCOM     868157108  204     10,100     SH       DEFINED    1,2,3            10,100
TCF FINANCIAL CORP          COM     872275102  1,236   107,675    SH       DEFINED    1,2,3           107,675
TE CONNECTIVITY LTD         REG SHS H84989104  1,757   55,075     SH       DEFINED    1,2,3            55,075
TENET HEALTHCARE CORP       COM     88033G100  183     34,900     SH       DEFINED    1,2,3            34,900
THERMO FISHER SCIENTIFIC    COM     883556102  2,900   55,858     SH       DEFINED    1,2,3            55,858
THOR INDUSTRIES INC         COM     885160101  952     34,725     SH       DEFINED    1,2,3            34,725
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
TRANSMONTAIGNE PARTNERS     COM     89376V100  738     22,200     SH       DEFINED    1,2,3            22,200
TRAVELERS COS INC           COM     89417E109  8,938   140,000    SH       DEFINED    1,2,3           140,000
TUTOR PERINI CORP           COM     901109108  839     66,250     SH       DEFINED    1,2,3            66,250
UFP TECHNOLOGIES INC        COM     902673102  438     25,943     SH       DEFINED    1,2,3            25,943
UNITED CONTINENTAL HOLDINGS COM     910047109  2,396   98,485     SH       DEFINED    1,2,3            98,485
UNITED STATIONERS INC       COM     913004107  900     33,400     SH       DEFINED    1,2,3            33,400
UNUM CORP                   COM     91529Y106  851     44,500     SH       DEFINED    1,2,3            44,500
URANIUM ENERGY CORP         COM     916896103  646     281,900    SH       DEFINED    1,2,3           281,900
VALASSIS COMMUNICATIONS INC COM     918866104  1,899   87,300     SH       DEFINED    1,2,3            87,300
VCA ANTECH INC              COM     918194101  1,052   47,850     SH       DEFINED    1,2,3            47,850
VIRTUS INVESTMENT PARTNERS  COM     92828Q109  1,588   19,600     SH       DEFINED    1,2,3            19,600
WEBSTER FINANCIAL CORP      COM     947890109  1,235   57,000     SH       DEFINED    1,2,3            57,000
WET SEAL INC                CL A    961840105  146     46,300     SH       DEFINED    1,2,3            46,300
WPX ENERGY INC              COM     98212B103  1,804   111,507    SH       DEFINED    1,2,3           111,507
WSFS FINANCIAL CORP         COM     929328102  610     15,100     SH       DEFINED    1,2,3            15,100
</Table>

<Table>
<Caption>

                         <c>     <c>      <c>       <c>       <c>  <c>  <c>        <c>       <c>    <c>    <c>
Column                      Column  Column   Column    Column              Column     Column    Column
1:                          2:      3:       4:        5:                  6:         7:        8:

Name                        Title                      Shares or                                Voting Authority
of                          of      CUSIP    Value     Principal SH/  Put/ Investment Other     ------------------
Issuer                      Class   Number   (x$1000)  Amount    PRN  Call Discretion Mgrs      Sole   Shared None
XEROX CORP                  COM     984121103  6,151   781,555    SH       DEFINED    1,2,3           781,555
XL GROUP PLC                SHS     G98290102  848     40,300     SH       DEFINED    1,2,3            40,300
YAHOO! INC                  COM     984332106  3,021   190,866    SH       DEFINED    1,2,3           190,866
</Table>