UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2011
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: Cincinnati Financial Corporation
Address: 6200 South Gilmore Road
Fairfield, Ohio 45014
13F File Number: 028-10798
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 the Report on Behalf of Reporting Manager:
Name: Martin F. Hollenbeck
Title: Chief Investment Officer
Phone: (513) 870-2000
Signature, Place and Date of Signing:
/s/ Martin F. Hollenbeck Fairfield, Ohio May 5, 2011
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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:
No. File No. Name
01 28-10753 The Cincinnati Insurance Company
02 28-10754 The Cincinnati Life Insurance Company
03 28-10755 The Cincinnati Casualty Company
04 28-10756 The Cincinnati Indemnity Company
05 28-12741 The Cincinnati Specialty Underwriters Insurance Company
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers 0
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Form 13F Information Table Entry Total: 59
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Form 13F Information Table Value Total 798,691
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(thousands)
List of Other Included Managers: None
2
Column 2 Column 3 Column 4 Column 5
Issuer Title of Class Cusip FMV (000) Shares/Principal SH/PRN
3M CO COMMON 88579Y101 17,672 189,000 SH
ABBOTT LABORATORIES COMMON 002824100 10,683 217,800 SH
AGL RESOURCES INC COMMON 001204106 25,338 635,997 SH
AMERIGAS PARTNERS-LP COMMON 030975106 380 7,900 SH
AT&T INC COMMON 00206R102 16,591 542,000 SH
AUTOMATIC DATA PROCESSING COMMON 053015103 5,131 100,000 SH
BAXTER INTERNATIONAL INC COMMON 071813109 12,636 235,000 SH
BLACKROCK INC COMMON 09247X101 7,035 35,000 SH
BOARDWALK PIPELINE PARTNERS COMMON 096627104 516 15,800 SH
BUCKEYE PARTNERS LP COMMON 118230101 769 12,100 SH
CHEVRON CORP COMMON 166764100 35,687 332,000 SH
CISCO SYSTEMS INC COMMON 17275R102 8,146 475,000 SH
CONOCOPHILLIPS COMMON 20825C104 7,986 100,000 SH
COPANO ENERGY LLC-UNITS COMMON 217202100 545 15,300 SH
DOVER CORP COMMON 260003108 48,043 730,800 SH
DUKE ENERGY CORP COMMON 26441C105 22,796 1,256,000 SH
EMERSON ELECTRIC CO COMMON 291011104 15,884 271,845 SH
ENBRIDGE ENERGY PARTNERS LP COMMON 29250R106 1,163 18,000 SH
ENDOCYTE INC COMMON 29269A102 12,783 1,491,610 SH
ENERGY TRANSFER EQUITY LP COMMON 29273V100 1,256 27,900 SH
ENERGY TRANSFER PARTNERS LP COMMON 29273R109 1,584 30,600 SH
ENTERPRISE PRODUCTS PARTNERS COMMON 293792107 4,984 115,750 SH
GENUINE PARTS CO COMMON 372460105 44,146 823,000 SH
HONEYWELL INTERNATIONAL INC COMMON 438516106 56,575 947,500 SH
INERGY LP COMMON 456615103 597 14,900 SH
INTEL CORP COMMON 458140100 11,214 555,700 SH
INTL BUSINESS MACHINES CORP COMMON 459200101 27,722 170,000 SH
JOHNSON & JOHNSON COMMON 478160104 17,775 300,000 SH
KINDER MORGAN ENERGY PRTNRS COMMON 494550106 3,423 46,200 SH
LINEAR TECHNOLOGY CORP COMMON 535678106 26,709 794,200 SH
LINN ENERGY LLC-UNITS COMMON 536020100 1,226 31,500 SH
MAGELLAN MIDSTREAM PARTNERS COMMON 559080106 1,550 25,900 SH
MARKWEST ENERGY PARTNERS LP COMMON 570759100 698 14,400 SH
MCDONALD'S CORP COMMON 580135101 34,061 447,638 SH
MEDTRONIC INC COMMON 585055106 27,142 689,750 SH
MEDTRONIC INC CONVERTIBLE DEB 585055AM8 2,421 2,350,000 PRN
MEDTRONIC INC CONVERTIBLE DEB 585055AK2 1,957 1,900,000 PRN
MERIDIAN BIOSCIENCE INC COMMON 589584101 18,712 780,000 SH
MICROCHIP TECHNOLOGY INC COMMON 595017104 23,186 610,000 SH
MICROSOFT CORP COMMON 594918104 22,470 885,000 SH
NUSTAR ENERGY LP COMMON 67058H102 808 11,900 SH
ONEOK PARTNERS LP COMMON 68268N103 1,186 14,400 SH
PAYCHEX INC COMMON 704326107 25,108 800,000 SH
PEPSICO INC COMMON 713448108 48,919 759,500 SH
PFIZER INC COMMON 717081103 8,002 394,000 SH
PLAINS ALL AMER PIPELINE LP COMMON 726503105 1,733 27,200 SH
PRAXAIR INC COMMON 74005P104 11,481 113,000 SH
PROCTER & GAMBLE CO/THE COMMON 742718109 3,074 49,900 SH
REGENCY ENERGY PARTNERS LP COMMON 75885Y107 448 16,400 SH
RPM INTERNATIONAL INC COMMON 749685103 19,571 824,725 SH
SPECTRA ENERGY CORP COMMON 847560109 5,325 195,900 SH
SUBURBAN PROPANE PARTNERS LP COMMON 864482104 468 8,300 SH
SUNOCO LOGISTICS PARTNERS LP COMMON 86764L108 443 5,100 SH
SYSCO CORP COMMON 871829107 27,108 978,613 SH
TC PIPELINES LP COMMON 87233Q108 369 7,100 SH
U S BANCORP COMMON 902973304 2,643 100,000 SH
VERIZON COMMUNICATIONS INC COMMON 92343V104 26,311 682,700 SH
WAL-MART STORES INC COMMON 931142103 35,991 691,464 SH
WILLIAMS PARTNERS LP COMMON 96950F104 513 9,900 SH
798,691
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Column 6 Column 7 Column 8
Issuer Investment Dis Oth Mgrs Sole Shared None
3M CO SOLE 189,000 - -
ABBOTT LABORATORIES SOLE 217,800 - -
AGL RESOURCES INC SOLE 635,997 - -
AMERIGAS PARTNERS-LP SOLE 7,900 - -
AT&T INC SOLE 542,000 - -
AUTOMATIC DATA PROCESSING SOLE 100,000 - -
BAXTER INTERNATIONAL INC SOLE 235,000 - -
BLACKROCK INC SOLE 35,000 - -
BOARDWALK PIPELINE PARTNERS SOLE 15,800 - -
BUCKEYE PARTNERS LP SOLE 12,100 - -
CHEVRON CORP SOLE 332,000 - -
CISCO SYSTEMS INC SOLE 475,000 - -
CONOCOPHILLIPS SOLE 100,000 - -
COPANO ENERGY LLC-UNITS SOLE 15,300 - -
DOVER CORP SOLE 730,800 - -
DUKE ENERGY CORP SOLE 1,256,000 - -
EMERSON ELECTRIC CO SOLE 271,845 - -
ENBRIDGE ENERGY PARTNERS LP SOLE 18,000 - -
ENDOCYTE INC SOLE 1,491,610 - -
ENERGY TRANSFER EQUITY LP SOLE 27,900 - -
ENERGY TRANSFER PARTNERS LP SOLE 30,600 - -
ENTERPRISE PRODUCTS PARTNERS SOLE 115,750 - -
GENUINE PARTS CO SOLE 823,000 - -
HONEYWELL INTERNATIONAL INC SOLE 947,500 - -
INERGY LP SOLE 14,900 - -
INTEL CORP SOLE 555,700 - -
INTL BUSINESS MACHINES CORP SOLE 170,000 - -
JOHNSON & JOHNSON SOLE 300,000 - -
KINDER MORGAN ENERGY PRTNRS SOLE 46,200 - -
LINEAR TECHNOLOGY CORP SOLE 794,200 - -
LINN ENERGY LLC-UNITS SOLE 31,500 - -
MAGELLAN MIDSTREAM PARTNERS SOLE 25,900 - -
MARKWEST ENERGY PARTNERS LP SOLE 14,400 - -
MCDONALD'S CORP SOLE 447,638 - -
MEDTRONIC INC SOLE 689,750 - -
MEDTRONIC INC SOLE - - -
MEDTRONIC INC SOLE - - -
MERIDIAN BIOSCIENCE INC SOLE 780,000 - -
MICROCHIP TECHNOLOGY INC SOLE 610,000 - -
MICROSOFT CORP SOLE 885,000 - -
NUSTAR ENERGY LP SOLE 11,900 - -
ONEOK PARTNERS LP SOLE 14,400 - -
PAYCHEX INC SOLE 800,000 - -
PEPSICO INC SOLE 759,500 - -
PFIZER INC SOLE 394,000 - -
PLAINS ALL AMER PIPELINE LP SOLE 27,200 - -
PRAXAIR INC SOLE 113,000 - -
PROCTER & GAMBLE CO/THE SOLE 49,900 - -
REGENCY ENERGY PARTNERS LP SOLE 16,400 - -
RPM INTERNATIONAL INC SOLE 824,725 - -
SPECTRA ENERGY CORP SOLE 195,900 - -
SUBURBAN PROPANE PARTNERS LP SOLE 8,300 - -
SUNOCO LOGISTICS PARTNERS LP SOLE 5,100 - -
SYSCO CORP SOLE 978,613 - -
TC PIPELINES LP SOLE 7,100 - -
U S BANCORP SOLE 100,000 - -
VERIZON COMMUNICATIONS INC SOLE 682,700 - -
WAL-MART STORES INC SOLE 691,464 - -
WILLIAMS PARTNERS LP SOLE 9,900 - -
4