Latest statistics and disclosures from GRACE BROTHERS MANAGEMENT's latest quarterly 13F-HR filing:

• Top 5 stock holdings are Biomarin Pharmaceutical Inc note 1.875% 4/2, Cadence Design Sys Cvt 2.625 6 convert, Gilead Sciences conv, Western Refng Inc note 5.750% 6/1, United Rentals Inc note 4.000%11/1. These five stock positions account for 26.38% of GRACE BROTHERS MANAGEMENT's total stock portfolio.
• Added to shares of Gilead Sciences conv, Notes Gencorp Inc. 4.0625% dbcv, Cobalt Intl Energy Inc note, M/i Homes Inc note 3.250% 9/1, Bottomline Tech Del Inc note 1.500%12/0, Thrx 2 1/8 01/15/23, Gilead Sciences conv, Forestar Group Inc note, Stillwater Mng Co note 1.750%10/1, Uthr 1 09/15/16.
• Started new stock positions in Arcelormittal Sa Luxembourg mand cv nt 16, M/i Homes Inc note 3.250% 9/1, Gilead Sciences conv, Bottomline Tech Del Inc note 1.500%12/0, Thrx 2 1/8 01/15/23, Cobalt Intl Energy Inc note, Micron Technology Inc. conv, Radian Group Inc note, Rwt 4 5/8 04/15/18, Cemex Sab De Cv conv bnd, Forestar Group Inc note, Continental Airls Inc note 4.500% 1/1, Auxilium Pharmaceuticals note, M/i Homes Inc note 3.000% 3/0, Notes Gencorp Inc. 4.0625% dbcv, Stillwater Mng Co note 1.750%10/1, Altra Holdings, Inc note 2.750% 3/0, Uthr 1 09/15/16, Group 1 Automo note 3.0% 3/15/.
• Reduced shares in these stocks: E M C Corp Mass note 1.750%12/0 (-$5.60M), Gilead Sciences Inc note 0.625% 5/0, Virgin Media Inc note 6.500%11/1, Holdings Inc Note 5.25, Bottomline Tec note 1.5% 12/0, Cobalt Intl En note 2.625% 12/, Mgm Mirage conv, Trw Automotive 3.5% 12/01/15 conv, D R Horton Inc note 2.000% 5/1, Stillwater Mng Co note 1.875% 3/1.
• Sold out of its positions in Note 3.50, Bottomline Tec note 1.5% 12/0, Chesapeake Energy 5.75% Conv Pfd pfd, Ciena Corp note 0.250% 5/0, Cobalt Intl En note 2.625% 12/, Coinstar Inc note 4.000% 9/0, D R Horton Inc note 2.000% 5/1, E M C Corp Mass note 1.750%12/0, Equinix Inc note 3.000%10/1, Gilead Sciences Inc note 0.625% 5/0, Holdings Inc Note 5.25, Mgm Mirage conv, BID, Stillwater Mng Co note 1.875% 3/1, Trw Automotive 3.5% 12/01/15 conv, Virgin Media Inc note 6.500%11/1, Volcano Corporation note 1.750%12/0, Walter Invt Mgmt Corp note.
• As of March 31, 2013, GRACE BROTHERS MANAGEMENT has $115.52M in assets under management (AUM). Assets under management dropped from a total value of $115.94M to $115.52M.
• Independent of market fluctuations, GRACE BROTHERS MANAGEMENT was a net seller by $8.55M worth of stocks in the most recent quarter.