CNA Financial (CNA) 13F-HR Quarterly holdings report by institutional manager

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 INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	852	114,450	SH		DFND	1,2,3	0	114,450	0
ABBOTT LABORATORIES	COM	002824100	1,068	27,725	SH		DFND	1,2,3	0	27,725	0
ACTUANT CORP-CL A	CL A	00508X203	1,597	46,775	SH		DFND	1,2,3	0	46,775	0
AETNA INC	COM	00817Y108	5,248	70,000	SH		DFND	1,2,3	0	70,000	0
AMERICAN AIRLINES GROUP INC	COM	02376R102	5,124	140,000	SH		DFND	1,2,3	0	140,000	0
AMERICAN EQUITY INVT LIFE HL	COM	025676206	1,155	48,900	SH		DFND	1,2,3	0	48,900	0
AMERICAN INTERNATIONAL GROUP	COM NEW	026874784	3,096	61,900	SH		DFND	1,2,3	0	61,900	0
ANADARKO PETROLEUM CORP	COM	032511107	15,734	185,626	SH		DFND	1,2,3	0	185,626	0
ANTERO RESOURCES CORP	COM	03674X106	2,329	37,200	SH		DFND	1,2,3	0	37,200	0
APACHE CORP	COM	037411105	5,392	65,000	SH		DFND	1,2,3	0	65,000	0
APPLE COMPUTER INC	COM	037833100	1,328	2,475	SH		DFND	1,2,3	0	2,475	0
ARGAN INC	COM	04010E109	433	14,551	SH		DFND	1,2,3	0	14,551	0
ARRIS CORP	COM	04270V106	1,045	37,100	SH		DFND	1,2,3	0	37,100	0
ASSOCIATED BANC-CORP	COM	045487105	1,116	61,850	SH		DFND	1,2,3	0	61,850	0
ASSURANT INC	COM	04621X108	8,276	127,400	SH		DFND	1,2,3	0	127,400	0
AVNET INC	COM	053807103	4,345	93,375	SH		DFND	1,2,3	0	93,375	0
BP PLC-SPONS ADR	SPONSORED ADR	055622104	3,988	82,907	SH		DFND	1,2,3	0	82,907	0
BAKER HUGHES INC	COM	057224107	3,132	48,175	SH		DFND	1,2,3	0	48,175	0
BANCORPSOUTH INC	COM	059692103	275	11,005	SH		DFND	1,2,3	0	11,005	0
BANK OF AMERICA CORP	COM	060505104	2,372	137,900	SH		DFND	1,2,3	0	137,900	0
BANK OF NEW YORK_MELLON COMMON STK	COM	064058100	1,419	40,217	SH		DFND	1,2,3	0	40,217	0
BARNES & NOBLE INC	COM	067774109	932	44,571	SH		DFND	1,2,3	0	44,571	0
BARRICK GOLD CORP	COM	067901108	3,159	177,159	SH		DFND	1,2,3	0	177,159	0
BBCN BANCORP INC	COM	073295107	1,482	86,450	SH		DFND	1,2,3	0	86,450	0
BECTON DICKINSON & CO	COM	075887109	2,064	17,625	SH		DFND	1,2,3	0	17,625	0
BLUEKNIGHT ENERGY PARTNERS LP	COM UNIT	09625U109	1,503	168,863	SH		DFND	1,2,3	0	168,863	0
BOEING COMPANY	COM	097023105	3,137	25,000	SH		DFND	1,2,3	0	25,000	0
BRADY CORPORATION - CL A	CL A	104674106	1,416	52,150	SH		DFND	1,2,3	0	52,150	0
CIGNA CORP	COM	125509109	2,583	30,850	SH		DFND	1,2,3	0	30,850	0
CNO FINANCIAL GROUP	COM	12621E103	2,398	132,500	SH		DFND	1,2,3	0	132,500	0
CVR PARTNERS LP	COM	126633106	5,130	242,100	SH		DFND	1,2,3	0	242,100	0
CAL DIVE INTERNATIONAL INC	COM	12802T101	540	317,900	SH		DFND	1,2,3	0	317,900	0
CALLAWAY GOLF COMPANY	COM	131193104	319	31,200	SH		DFND	1,2,3	0	31,200	0
CARPENTER TECHNOLOGY	COM	144285103	1,096	16,600	SH		DFND	1,2,3	0	16,600	0
CASH AMERICA INTL INC	COM	14754D100	647	16,700	SH		DFND	1,2,3	0	16,700	0
CASTLE (A.M.) & CO	COM	148411101	649	44,200	SH		DFND	1,2,3	0	44,200	0
CHEMED CORP	COM	16359R103	1,313	14,675	SH		DFND	1,2,3	0	14,675	0
CISCO SYSTEMS INC	COM	17275R102	1,569	70,000	SH		DFND	1,2,3	0	70,000	0
CITIGROUP INC	COM	172967424	6,645	139,611	SH		DFND	1,2,3	0	139,611	0
CLIFFS NATURAL RESOURCES INC	COM	18683K101	537	26,255	SH		DFND	1,2,3	0	26,255	0
COCA COLA CO COMMON STOCK	COM	191216100	642	16,600	SH		DFND	1,2,3	0	16,600	0
COLUMBUS MCKINNON CORP/NY	COM	199333105	1,146	42,793	SH		DFND	1,2,3	0	42,793	0
COMCAST CORP CL A SPL	CL A	20030N200	4,877	100,000	SH		DFND	1,2,3	0	100,000	0
CON-WAY INC	COM	205944101	1,473	35,850	SH		DFND	1,2,3	0	35,850	0
COVANTA HOLDING CORP	COM	22282E102	332	19,107	SH		DFND	1,2,3	0	19,107	0
COVANTA HOLDING CORP	NOTE 3.250% 6/0	22282EAC6	4,973	4,280,000	PRN		DFND	1,2,3	0	4,280,000	0
CRAY INC	COM NEW	225223304	2,378	63,709	SH		DFND	1,2,3	0	63,709	0
DANA HOLDING CORP	COM	235825205	1,762	75,699	SH		DFND	1,2,3	0	75,699	0
DEERE & CO	COM	244199105	5,448	60,000	SH		DFND	1,2,3	0	60,000	0
DELTA AIR LINES INC	COM NEW	247361702	8,311	239,845	SH		DFND	1,2,3	0	239,845	0
DENBURY RESOURCES INC	COM	247916208	2,542	155,000	SH		DFND	1,2,3	0	155,000	0
DEVON ENERGY CORP	COM	25179M103	3,982	59,500	SH		DFND	1,2,3	0	59,500	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	1,243	105,771	SH		DFND	1,2,3	0	105,771	0
DIODES INC	COM	254543101	1,954	74,800	SH		DFND	1,2,3	0	74,800	0
DOW CHEMICAL CORP COMMON STOCK	COM	260543103	1,643	33,820	SH		DFND	1,2,3	0	33,820	0
EMC CORPORATION COMMON STOCK	COM	268648102	1,645	60,000	SH		DFND	1,2,3	0	60,000	0
ENBRIDGE ENERGY PARTNERS LP	COM	29250R106	6,030	220,000	SH		DFND	1,2,3	0	220,000	0
ENGILITY HOLDINGS INC - W/I	COM	29285W104	592	13,130	SH		DFND	1,2,3	0	13,130	0
EZCORP INC-CL A	CL A	302301106	631	58,500	SH		DFND	1,2,3	0	58,500	0
EXXON MOBIL CORP	COM	30231G102	2,586	26,475	SH		DFND	1,2,3	0	26,475	0
FEDEX CORPORATION	COM	31428X106	8,616	65,000	SH		DFND	1,2,3	0	65,000	0
FIRST CITIZENS BCSHS -CL A	CL A	31946M103	709	2,945	SH		DFND	1,2,3	0	2,945	0
FIRST HORIZON NATIONAL CORP	COM	320517105	666	54,000	SH		DFND	1,2,3	0	54,000	0
FIRST MIDWEST BANCORP INC/IL	COM	320867104	798	46,700	SH		DFND	1,2,3	0	46,700	0
FOREST CITY ENTERPRISES-CL A	CL A	345550107	1,467	76,827	SH		DFND	1,2,3	0	76,827	0
GENREAL MOTORS CO	COM	37045V100	3,813	110,785	SH		DFND	1,2,3	0	110,785	0
GENERAL MOTORS-CW16	WARRANT	37045V118	1,356	54,576	SH		DFND	1,2,3	0	54,576	0
GENTIVA HEALTH SERVICES	COM	37247A102	1,578	173,033	SH		DFND	1,2,3	0	173,033	0
GLOBAL CASH ACCESS INC	COM	378967103	683	99,616	SH		DFND	1,2,3	0	99,616	0
GOLDMAN SACHS GROUP INC	COM	38141G104	2,470	15,075	SH		DFND	1,2,3	0	15,075	0
GOOGLE INC-CL A	CL A	38259P508	1,042	935	SH		DFND	1,2,3	0	935	0
GOVERNMENT PROPERTIES INCOME	COM SHS BEN INT	38376A103	809	32,100	SH		DFND	1,2,3	0	32,100	0
GRANITE REAL ESTATE INVESTMENT TRST	UNIT	387437114	1,414	39,000	SH		DFND	1,2,3	0	39,000	0
GREAT PLAINS ENERGY INC	COM	391164100	711	26,300	SH		DFND	1,2,3	0	26,300	0
GRIFFON CORPORATION	COM	398433102	1,074	89,919	SH		DFND	1,2,3	0	89,919	0
HARSCO CORP	COM	415864107	780	33,300	SH		DFND	1,2,3	0	33,300	0
HEALTH INSURANCE INNOVATIO-A	COM CL A	42225K106	321	31,000	SH		DFND	1,2,3	0	31,000	0
HESS CORP	COM	42809H107	502	6,055	SH		DFND	1,2,3	0	6,055	0
HEWLETT-PACKARED CO COMMON STOCK	COM	428236103	6,783	209,605	SH		DFND	1,2,3	0	209,605	0
HOSPITALITY PROPERTIES TRUST	COM SHS	44106M102	1,934	67,350	SH		DFND	1,2,3	0	67,350	0
ICONIX BRAND GROUP INC	COM	451055107	915	23,300	SH		DFND	1,2,3	0	23,300	0
ING US INC	COM	45685E106	2,716	74,875	SH		DFND	1,2,3	0	74,875	0
INGRAM MICRO INC-CL A	CL A	457153104	1,105	37,375	SH		DFND	1,2,3	0	37,375	0
INSIGHT ENTERPRISES INC	COM	45765U103	1,481	58,968	SH		DFND	1,2,3	0	58,968	0
INORG CHEM NEC	COM	45768S105	981	21,698	SH		DFND	1,2,3	0	21,698	0
INTERNATIONAL BUSINESS MACHINE COMMON STOCK	COM	459200101	7,700	40,000	SH		DFND	1,2,3	0	40,000	0
INTERPUBLIC GROUP COS	COM	460690100	2,507	146,275	SH		DFND	1,2,3	0	146,275	0
JPMORGAN CHASE & COMPANY	COM	46625H100	10,392	171,175	SH		DFND	1,2,3	0	171,175	0
JIVE SOFTWARE INC	COM	47760A108	1,218	152,115	SH		DFND	1,2,3	0	152,115	0
JOHNSON & JOHNSON COMMON STOCK	COM	478160104	5,575	56,750	SH		DFND	1,2,3	0	56,750	0
KAISER ALUMINUM CORP	COM	483007704	714	10,000	SH		DFND	1,2,3	0	10,000	0
KAPSTONE PAPER AND PACKAGING	COM	48562P103	386	13,400	SH		DFND	1,2,3	0	13,400	0
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	1,792	18,250	SH		DFND	1,2,3	0	18,250	0
LEGG MASON INC	COM	524901105	3,345	68,200	SH		DFND	1,2,3	0	68,200	0
LENNAR CORP - B SHS	CL B	526057302	744	22,780	SH		DFND	1,2,3	0	22,780	0
LEXMARK INTL GROUP INC-CL A	CL A	529771107	727	15,700	SH		DFND	1,2,3	0	15,700	0
LINCOLN NATIONAL CORP INDIANA	COM	534187109	9,881	195,000	SH		DFND	1,2,3	0	195,000	0
MASONITE INTERNATIONAL CORP	COM	575385109	2,466	43,625	SH		DFND	1,2,3	0	43,625	0
MATTHEWS INTL CORP-CLASS A	CL A	577128101	789	19,325	SH		DFND	1,2,3	0	19,325	0
MERCER INTERNATIONAL INC	COM	588056101	289	38,500	SH		DFND	1,2,3	0	38,500	0
MERCK & CO. INC.	COM	58933Y105	4,173	73,504	SH		DFND	1,2,3	0	73,504	0
METLIFE INC	COM	59156R108	8,505	161,075	SH		DFND	1,2,3	0	161,075	0
MICROSOFT CORP	COM	594918104	15,825	386,076	SH		DFND	1,2,3	0	386,076	0
HERMAN MILLER INC	COM	600544100	870	27,075	SH		DFND	1,2,3	0	27,075	0
MILLER INDUSTRIES INC/TENN	COM	600551204	318	16,262	SH		DFND	1,2,3	0	16,262	0
MONSTER WORLDWIDE INC	COM	611742107	1,202	160,675	SH		DFND	1,2,3	0	160,675	0
MORGAN STANLEY	COM	617446448	2,158	69,225	SH		DFND	1,2,3	0	69,225	0
MUELLER WATER PRODUCTS INC-A	COM	624758108	1,168	122,925	SH		DFND	1,2,3	0	122,925	0
MURPHY USA INC	COM	626755102	1,918	47,250	SH		DFND	1,2,3	0	47,250	0
NRG ENERGY INC	COM NEW	629377508	1,095	34,446	SH		DFND	1,2,3	0	34,446	0
NATL PENN BCSHS INC	COM	637138108	1,389	132,900	SH		DFND	1,2,3	0	132,900	0
NELNET INC-CL A	CL A	64031N108	299	7,300	SH		DFND	1,2,3	0	7,300	0
NEWS CORP - CLASS A	CL A	65249B109	3,768	218,815	SH		DFND	1,2,3	0	218,815	0
NEWS CORP - CLASS B	CL B	65249B208	1,933	115,750	SH		DFND	1,2,3	0	115,750	0
NOVAGOLD RESOURCES INC	COM NEW	66987E206	799	221,363	SH		DFND	1,2,3	0	221,363	0
OCI PARTNERS LP	COM UNIT REP LP	67091N108	1,608	75,000	SH		DFND	1,2,3	0	75,000	0
OCCIDENTAL PETROLEUM	COM	674599105	11,167	117,189	SH		DFND	1,2,3	0	117,189	0
OMNICOM GROUP	COM	681919106	1,474	20,300	SH		DFND	1,2,3	0	20,300	0
ON SEMICONDUCTOR CORPORATION	COM	682189105	3,610	384,075	SH		DFND	1,2,3	0	384,075	0
ORACLE CORP	COM	68389X105	15,996	391,010	SH		DFND	1,2,3	0	391,010	0
OWENS CORNING	COM	690742101	1,962	45,450	SH		DFND	1,2,3	0	45,450	0
PG&E CORPORATION	COM	69331C108	2,374	54,960	SH		DFND	1,2,3	0	54,960	0
PHH CORP	COM	693320202	1,122	43,425	SH		DFND	1,2,3	0	43,425	0
PNC FINANCIAL SERVICES GROUP	COM	693475105	2,616	30,069	SH		DFND	1,2,3	0	30,069	0
PARK STERLING CORP	COM	70086Y105	592	88,966	SH		DFND	1,2,3	0	88,966	0
PARKER HANNIFIN CORP	COM	701094104	1,790	14,950	SH		DFND	1,2,3	0	14,950	0
PETROLOGISTICS LP	UNIT LTD PTH INT	71672U101	3,732	300,000	SH		DFND	1,2,3	0	300,000	0
PFIZER INC COMMON STOCK	COM	717081103	9,381	292,071	SH		DFND	1,2,3	0	292,071	0
PHOTOMEDEX INC	COM	719358301	1,659	104,770	SH		DFND	1,2,3	0	104,770	0
PIONEER NATURAL RESOURCES CO	COM	723787107	6,737	36,000	SH		DFND	1,2,3	0	36,000	0
PIPER JAFFRAY COS	COM	724078100	1,876	40,970	SH		DFND	1,2,3	0	40,970	0
PORTLAND GENERAL ELECTRIC	COM	736508847	411	12,700	SH		DFND	1,2,3	0	12,700	0
PRIMERICA INC	COM	74164M108	1,289	27,356	SH		DFND	1,2,3	0	27,356	0
PULTE CORP	COM	745867101	4,702	245,000	SH		DFND	1,2,3	0	245,000	0
QEP MIDSTREAM PARTNERS LP	COM UNIT RP LTD	74735R115	2,923	125,000	SH		DFND	1,2,3	0	125,000	0
REINSURANCE GROUP OF AMERICA	COM NEW	759351604	1,911	24,000	SH		DFND	1,2,3	0	24,000	0
RENT-A-CENTER INC	COM	76009N100	2,798	105,200	SH		DFND	1,2,3	0	105,200	0
RENTECH NITROGEN PARTNERS LP	COM	760113100	7,558	406,148	SH		DFND	1,2,3	0	406,148	0
RICE ENERGY INC	COM	762760106	1,847	70,000	SH		DFND	1,2,3	0	70,000	0
ROYAL DUTCH SHELL PLC-ADR	SPONSORED ADR	780259206	3,215	44,008	SH		DFND	1,2,3	0	44,008	0
SPDR GOLD TRUST	SHS	78463V107	30,903	250,000	SH		DFND	1,2,3	0	250,000	0
SCHNITZER STEEL INDS INC-A	CL A	806882106	1,115	38,650	SH		DFND	1,2,3	0	38,650	0
SCIENCE APPLICATIONS INTE	COM	808625107	494	13,200	SH		DFND	1,2,3	0	13,200	0
STAPLES INC	COM	855030102	2,999	264,428	SH		DFND	1,2,3	0	264,428	0
STATE STREET CORP	COM	857477103	2,043	29,375	SH		DFND	1,2,3	0	29,375	0
STONERIDGE INC	COM	86183P102	864	76,900	SH		DFND	1,2,3	0	76,900	0
SUPERIOR ENERGY SERVICES INC	COM	868157108	4,148	134,850	SH		DFND	1,2,3	0	134,850	0
SYNOVUS FINANCIAL CORP	COM	87161C105	1,339	395,125	SH		DFND	1,2,3	0	395,125	0
TCF FINANCIAL CORP	COM	872275102	1,358	81,500	SH		DFND	1,2,3	0	81,500	0
TRW AUTOMOTIVE HOLDINGS CORP	COM	87264S106	2,189	26,825	SH		DFND	1,2,3	0	26,825	0
TENET HEALTHCARE CORP	COM NEW	88033G407	476	11,125	SH		DFND	1,2,3	0	11,125	0
TEREX CORP	COM	880779103	2,257	50,950	SH		DFND	1,2,3	0	50,950	0
TEVA PHARMACEUTICAL-SP ADR	COM	881624209	2,349	44,455	SH		DFND	1,2,3	0	44,455	0
TETRA TECH INC	COM	88162G103	1,593	53,825	SH		DFND	1,2,3	0	53,825	0
THERMO FISHER SCIENTIFIC INC COMMON STOCK	COM	883556102	656	5,458	SH		DFND	1,2,3	0	5,458	0
TITAN MACHINERY INC	COM	88830R101	398	25,400	SH		DFND	1,2,3	0	25,400	0
TRAVELERS COS INC/THE	COM	89417E109	9,787	115,000	SH		DFND	1,2,3	0	115,000	0
TUPPERWARE CORP	COM	899896104	720	8,600	SH		DFND	1,2,3	0	8,600	0
TUTOR PERINI CORP	COM	901109108	1,804	62,925	SH		DFND	1,2,3	0	62,925	0
UFP TECHNOLOGIES INC	COM	902673102	352	14,443	SH		DFND	1,2,3	0	14,443	0
URS CORP	COM	903236107	2,281	48,475	SH		DFND	1,2,3	0	48,475	0
UAL CORP	COM	910047109	2,232	50,000	SH		DFND	1,2,3	0	50,000	0
UNITED STATIONERS INC	COM	913004107	507	12,350	SH		DFND	1,2,3	0	12,350	0
URANIUM ENERGY CORP	COM	916896103	423	320,100	SH		DFND	1,2,3	0	320,100	0
VCA ANTECH INC	COM	918194101	1,059	32,850	SH		DFND	1,2,3	0	32,850	0
VIRTUS INVESTMENT PARTNERS	COM	92828Q109	1,869	10,795	SH		DFND	1,2,3	0	10,795	0
WSFS FINANCIAL CORP	COM	929328102	538	7,525	SH		DFND	1,2,3	0	7,525	0
WALTER INDUSTRIES INC	COM	93317Q105	933	123,419	SH		DFND	1,2,3	0	123,419	0
WEBSTER FINANCIAL CORP	COM	947890109	1,348	43,400	SH		DFND	1,2,3	0	43,400	0
WELLCARE GROUP INC	COM	94946T106	1,454	22,885	SH		DFND	1,2,3	0	22,885	0
WET SEAL INC/THE CLASS A	CL A	961840105	93	70,400	SH		DFND	1,2,3	0	70,400	0
WILEY (JOHN) & SONS-CLASS A	CL A	968223206	623	10,800	SH		DFND	1,2,3	0	10,800	0
WPX ENERGY INC-W/I	COM	98212B103	6,762	375,020	SH		DFND	1,2,3	0	375,020	0
ARGO GROUP INTERNATIONAL	COM	G0464B107	1,615	35,225	SH		DFND	1,2,3	0	35,225	0
ASPEN INSURANCE HOLDINGS LTD	SHS	G05384105	1,675	42,200	SH		DFND	1,2,3	0	42,200	0
EATON CORP PLC	SHS	G29183103	3,634	48,370	SH		DFND	1,2,3	0	48,370	0
ENDO INTERNATIONAL PLC	SHS	G30401106	629	9,167	SH		DFND	1,2,3	0	9,167	0
ENSCO INTERNATIONAL PLC	SHS CL A	G3157S106	3,167	60,000	SH		DFND	1,2,3	0	60,000	0
INVESCO LTD	SHS	G491BT108	2,120	57,300	SH		DFND	1,2,3	0	57,300	0
PARTNERRE LTD	COM	G6852T105	2,106	20,350	SH		DFND	1,2,3	0	20,350	0
ROWAN COS INC (FORMERLY ROWAN DRILLING)	SHS CL A	G7665A101	2,358	70,000	SH		DFND	1,2,3	0	70,000	0
XL GROUP PLC	SHS	G98290102	316	10,100	SH		DFND	1,2,3	0	10,100	0
OCEAN RIG UDW INC	SHS	Y64354205	1,022	57,444	SH		DFND	1,2,3	0	57,444	0