# EDGAR Filing Document

**Accession Number:** 0001313473
**File Stem:** 0001313473-23-000002
**Filing Date:** 2023-2
**Character Count:** 12821
**Document Hash:** 7e972a3a56189042e0a04f773458e276
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001313473-23-000002.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001313473-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**EFFECTIVENESS DATE**: 20230201

**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:** 23577294

**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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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<br>**Address:** P.o. Box 7<br>Greenville, SC 29602

**Form 13F File Number:** 028-11026

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 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:** William R. Timmons III<br>**Title:** SVP Investments<br>**Phone:** 8642509291

**Signature, Place, and Date of Signing:**

/s/ William R. Timmons III  Greenville, SC  02-01-2023<br>[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 are reported 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).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 101

**Form 13F Information Table Value Total:** $365902

      (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**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ISHARES U S ETF TR | ETF | 46431W507 |  | 4927 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ISHARES TR | ETF | 46429B655 |  | 3926 | 78000 | SH |  | SOLE |  | 78000 | 0 | 0 |
| AAR CORP | COM | 000361105 |  | 269 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 4392 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 15353 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 5140 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ARK ETF TR | ETF | 00214Q807 |  | 496 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3130 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| BK OF AMERICA CORP | COM | 060505104 |  | 1325 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 1713 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 5097 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 4863 | 19123 | SH |  | SOLE |  | 19123 | 0 | 0 |
| BHP GROUP LTD | COM | 088606108 |  | 2482 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| BLACKROCK RES  COMMODITIES | COM | 09257A108 |  | 2024 | 203029 | SH |  | SOLE |  | 203029 | 0 | 0 |
| BLOOM ENERGY CORP | COM | 093712107 |  | 956 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| BP PLC | COM | 055622104 |  | 11527 | 330000 | SH |  | SOLE |  | 330000 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 8634 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| CAMPBELL SOUP CO | COM | 134429109 |  | 851 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 7450 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 413 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CERENCE INC | COM | 156727109 |  | 1019 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 21402 | 119240 | SH |  | SOLE |  | 119240 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5310 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 17706 | 190000 | SH |  | SOLE |  | 190000 | 0 | 0 |
| DIREXION SHS ETF TR | ETF | 25460E265 |  | 669 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 4292 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM | 26441C204 |  | 15466 | 150166 | SH |  | SOLE |  | 150166 | 0 | 0 |
| EMBECTA CORP | COM | 29082K105 |  | 97 | 3825 | SH |  | SOLE |  | 3825 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 2996 | 76720 | SH |  | SOLE |  | 76720 | 0 | 0 |
| ENERSYS | COM | 29275Y102 |  | 2903 | 39321 | SH |  | SOLE |  | 39321 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 2412 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 12685 | 115000 | SH |  | SOLE |  | 115000 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 984 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 1437 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FLUENCE ENERGY INC | COM | 34379V103 |  | 1201 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 6897 | 199000 | SH |  | SOLE |  | 199000 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 4962 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| GLOBAL X FDS | ETF | 37954Y855 |  | 768 | 13100 | SH |  | SOLE |  | 13100 | 0 | 0 |
| GSK PLC | COM | 37733W204 |  | 7116 | 202500 | SH |  | SOLE |  | 202500 | 0 | 0 |
| HALEON PLC | COM | 405552100 |  | 800 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 3172 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 11412 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 13249 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 570 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 542 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 1221 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM | 50077B207 |  | 1620 | 157000 | SH |  | SOLE |  | 157000 | 0 | 0 |
| KYNDRYL HLDGS INC | COM | 50155Q100 |  | 160 | 14400 | SH |  | SOLE |  | 14400 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 6246 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| LIGHTBRIDGE CORP | COM | 53224K302 |  | 23 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| LIVENT CORP | COM | 53814L108 |  | 2981 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 16589 | 34100 | SH |  | SOLE |  | 34100 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 2635 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| MAXEON SOLAR TECHNOLOGIES LT | COM | Y58473102 |  | 402 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 17867 | 74500 | SH |  | SOLE |  | 74500 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 3304 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| NIO INC | COM | 62914V106 |  | 390 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 21875 | 40093 | SH |  | SOLE |  | 40093 | 0 | 0 |
| NUSCALE PWR CORP | COM | 67079K100 |  | 821 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 783 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 7901 | 154200 | SH |  | SOLE |  | 154200 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 3383 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| PROTERRA INC | COM | 74374T109 |  | 226 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 10462 | 103662 | SH |  | SOLE |  | 103662 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM | 76954A103 |  | 1751 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 1243 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SAMSARA INC | COM | 79589L106 |  | 497 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1428 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 398 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 1150 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4956 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 |  | 1352 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 2537 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| VANECK ETF TRUST | ETF | 92189H805 |  | 1523 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 2679 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 668 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 374 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 11343 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM | 934423104 |  | 628 | 66288 | SH |  | SOLE |  | 66288 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 4945 | 150300 | SH |  | SOLE |  | 150300 | 0 | 0 |
| WOODSIDE ENERGY GROUP | COM | 980228308 |  | 350 | 14456 | SH |  | SOLE |  | 14456 | 0 | 0 |
| BK OF AMERICA CORP | OPTION | 060505104 |  | 17 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| BAXTER INTL INC | OPTION | 071813109 |  | 6 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| BP PLC | OPTION | 055622104 |  | 228 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| BP PLC | OPTION | 055622104 |  | 146 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CVS HEALTH CORP | OPTION | 126650100 |  | 2 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| CVS HEALTH CORP | OPTION | 126650100 |  | 1 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| CHEVRON CORP NEW | OPTION | 166764100 |  | 99 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| CHEVRON CORP NEW | OPTION | 166764100 |  | 23 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | OPTION | 293792107 |  | 2 | 500 | SH | Call | SOLE |  | 500 | 0 | 0 |
| FLUOR CORP NEW | OPTION | 343412102 |  | 725 | 490 | SH | Call | SOLE |  | 490 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | OPTION | 502431109 |  | 64 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| NORTHROP GRUMMAN CORP | OPTION | 666807102 |  | 294 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| VALERO ENERGY CORP | OPTION | 91913Y100 |  | 80 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| WALMART INC | OPTION | 931142103 |  | 40 | 300 | SH | Call | SOLE |  | 300 | 0 | 0 |
| WALMART INC | OPTION | 931142103 |  | 174 | 300 | SH | Call | SOLE |  | 300 | 0 | 0 |
| EXXON MOBIL CORP | OPTION | 30231G102 |  | 65 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| LIVENT CORP | OPTION | 53814L108 |  | 38 | 500 | SH | Call | SOLE |  | 500 | 0 | 0 |
| MICROSOFT CORP | OPTION | 594918104 |  | 102 | 100 | SH | Call | SOLE |  | 100 | 0 | 0 |
| ABBVIE INC | OPTION | 00287Y109 |  | 440 | 250 | SH | Call | SOLE |  | 250 | 0 | 0 |
| LOCKHEED MARTIN CORP | OPTION | 539830109 |  | 1610 | 75 | SH | Call | SOLE |  | 75 | 0 | 0 |

---