Babson Capital Management

Babson Capital Management as of March 31, 2013

Portfolio Holdings for Babson Capital Management

Babson Capital Management holds 0 positions in its portfolio as reported in the March 2013 quarterly 13F filing

                VOTING AUTHORITY
                                  TITLE OF              VALUE     SHARES/   SH/ PUT/ INVEST.  OTHER
          NAME OF ISSUER            CLASS    CUSIP    (X$1000)    PRN AMT   PRN CALL DISCRET. MGRS       SOLE    SHARED    NONE
 -------------------------------- -------- --------- ----------   -------   --- ---- -------- -----      ----    ------    ----
 {S}                              {C}          {C}
 ACCO BRANDS CORP.                COM      00081T108       3200    478873   SH       SOLE              478873         0       0
 ADT CORPORATION (THE)            COM      00101J106       1019     20800   SH       SOLE               20800         0       0
 AFLAC INC.                       COM      001055102       1873     36017   SH       SOLE               36017         0       0
 AGCO CORP.                       COM      001084102        219      4198   SH       SOLE                4198         0       0
 AGL RESOURCES INC.               COM      001204106        421     10024   SH       SOLE               10024         0       0
 AES CORP., THE                   COM      00130H105        947     75364   SH       SOLE               75364         0       0
 AK STEEL CORP.                   CONV     001546AP5      11228  12000000   PRN      SOLE            12000000         0       0
 AMC NETWORKS INC.                COM      00164V103        329      5200   SH       SOLE                5200         0       0
 AOL INC                          COM      00184X105       1105     28700   SH       SOLE               28700         0       0
 AT^T INC.                        COM      00206R102      16873    459869   SH       SOLE              459869         0       0
 ABBOTT LABORATORIES              COM      002824100       7539    213446   SH       SOLE              213446         0       0
 ABBVIE INC.                      COM      00287Y109       9962    244326   SH       SOLE              244326         0       0
 ABERCROMBIE & FITCH CO.          COM      002896207        590     12761   SH       SOLE               12761         0       0
 ABRAXAS PETROLEUM CORP           COM      003830106         23     10130   SH       SOLE               10130         0       0
 ACCURIDE CORP.                   COM      00439T206       7281   1350793   SH       SOLE             1350793         0       0
 ACTAVIS, INC.                    COM      00507K103        738      8017   SH       SOLE                8017         0       0
 ACTIVISION BLIZZARD, INC.        COM      00507V109        207     14200   SH       SOLE               14200         0       0
 ADELPHIA RECOVERY TRUST          COM      00685R409          0   1783299   SH       SOLE             1783299         0       0
 ADOBE SYSTEMS INC.               COM      00724F101        983     22595   SH       SOLE               22595         0       0
 ADVANCE AUTO PARTS INC.          COM      00751Y106        325      3940   SH       SOLE                3940         0       0
 AECOM TECHNOLOGY CORP.           COM      00766T100        997     30400   SH       SOLE               30400         0       0
 ADVANCED MICRO DEVICES INC.      COM      007903107        456    178747   SH       SOLE              178747         0       0
 ADVANCED MICRO DEVICES INC.      CONV     007903AL1      27363  27500000   PRN      SOLE            27500000         0       0
 AETNA INC.                       COM      00817Y108       1750     34232   SH       SOLE               34232         0       0
 AFFILIATED MANAGERS GROUP, INC   COM      008252108        286      1860   SH       SOLE                1860         0       0
 AGILENT TECHNOLOGIES INC.        COM      00846U101        481     11456   SH       SOLE               11456         0       0
 AGRIUM, INC.                     COM      008916108       1492     15300   SH       SOLE               15300         0       0
 AIR PRODUCTS AND CHEMICALS INC   COM      009158106       1194     13705   SH       SOLE               13705         0       0
 AIR TRANSPORT SVCS GROUP, INC.   COM      00922R105        408     70000   SH       SOLE               70000         0       0
 AIRGAS INC.                      COM      009363102       3308     33365   SH       SOLE               33365         0       0
 AKAMAI TECHNOLOGIES, INC.        COM      00971T101        390     11036   SH       SOLE               11036         0       0
 ALABAMA AIRCRAFT IND, INC.       COM      01023E100         41    903448   SH       SOLE              903448         0       0
 ALASKA AIR GROUP, INC.           COM      011659109        358      5600   SH       SOLE                5600         0       0
 ALCOA INC.                       COM      013817101       1313    154072   SH       SOLE              154072         0       0
 ALERE INC.                       COM      01449J105      11392    446200   SH       SOLE              446200         0       0
 ALEXANDRIA REAL ESTATE EQUITIE   REIT     015271109        213      3000   SH       SOLE                3000         0       0
 ALEXION PHARMACEUTICALS, INC.    COM      015351109        401      4350   SH       SOLE                4350         0       0
 ALLEGHANY CORP.                  COM      017175100        256       647   SH       SOLE                 647         0       0
 ALLERGAN INC.                    COM      018490102       1740     15586   SH       SOLE               15586         0       0
 ALLIANCE DATA SYSTEMS CORPORAT   COM      018581108        593      3660   SH       SOLE                3660         0       0
 ALLIANT ENERGY CORP.             COM      018802108        361      7200   SH       SOLE                7200         0       0
 ALLIANT TECHSYSTEMS INC.         COM      018804104        500      6900   SH       SOLE                6900         0       0
 ALLIED NEVADA GOLD CORP          COM      019344100        211     12800   SH       SOLE               12800         0       0
 ALLSTATE CORP.                   COM      020002101       3026     61660   SH       SOLE               61660         0       0
 ALPHA NATURAL RESOURCES INC.     COM      02076X102        611     74467   SH       SOLE               74467         0       0
 ALTRIA GROUP INC.                COM      02209S103       7509    218370   SH       SOLE              218370         0       0
 AMAZON.COM INC.                  COM      023135106       5407     20287   SH       SOLE               20287         0       0
 AMEREN CORP.                     COM      023608102        546     15580   SH       SOLE               15580         0       0
 AMERICAN CAPITAL AGENCY CORP     REIT     02503X105       1091     33300   SH       SOLE               33300         0       0
 AMERICAN CAPITAL LTD.            COM      02503Y103        701     48000   SH       SOLE               48000         0       0
 AMERICAN ELECTRIC POWER CO. IN   COM      025537101       2589     53258   SH       SOLE               53258         0       0
 AMERICAN EAGLE OUTFITTERS INC    COM      02553E106       1204     64400   SH       SOLE               64400         0       0
 AMERICAN EXPRESS COMPANY         COM      025816109       4867     72137   SH       SOLE               72137         0       0
 AMERICAN FINANCIAL GROUP, INC.   COM      025932104        378      7982   SH       SOLE                7982         0       0
 AMERICAN INTERNATIONAL GROUP I   COM      026874784       3890    100214   SH       SOLE              100214         0       0
 AMERICAN MEDIA INC.              COM      02744L209          0     15870   SH       SOLE               15870         0       0
 AMERICAN TOWER CORP.             REIT     03027X100        323      4202   SH       SOLE                4202         0       0
 AMERICAN WATER WORKS CO. INC.    COM      030420103        481     11600   SH       SOLE               11600         0       0
 AMERICA'S CAR-MART, INC.         COM      03062T105        519     11100   SH       SOLE               11100         0       0
 AMERISOURCEBERGEN CORP.          COM      03073E105       1166     22667   SH       SOLE               22667         0       0
 AMERIPRISE FINANCIAL INC.        COM      03076C106       1475     20018   SH       SOLE               20018         0       0
 AMETEK INC.                      COM      031100100        420      9675   SH       SOLE                9675         0       0
 AMGEN INC.                       COM      031162100       7968     77736   SH       SOLE               77736         0       0
 AMGEN INC.                       CONV     031162AE0      38175  47942857   PRN      SOLE            47942857         0       0
 AMPHENOL CORP.                   COM      032095101        759     10168   SH       SOLE               10168         0       0
 ANADARKO PETROLEUM CORP.         COM      032511107        884     10105   SH       SOLE               10105         0       0
 ANALOG DEVICES INC.              COM      032654105        687     14793   SH       SOLE               14793         0       0
 ANNALY CAPITAL MANAGEMENT, INC   REIT     035710409       1007     63360   SH       SOLE               63360         0       0
 ANTHRACITE CAPITAL, INC.         REIT     037023108          0     10000   SH       SOLE               10000         0       0
 APACHE CORP.                     COM      037411105        986     12767   SH       SOLE               12767         0       0
 APARTMENT INVESTMENT AND MANAG   REIT     03748R101        278      9049   SH       SOLE                9049         0       0
 APOLLO GROUP INC.                COM      037604105       1131     65024   SH       SOLE               65024         0       0
 APPLE, INC.                      COM      037833100      30820     69628   SH       SOLE               69628         0       0
 APPLIED MATERIALS INC.           COM      038222105       1919    142406   SH       SOLE              142406         0       0
 APPROACH RESOURCES, INC.         COM      03834A103        973     39546   SH       SOLE               39546         0       0
 AQUA AMERICA, INC.               COM      03836W103        553     17600   SH       SOLE               17600         0       0
 ARCH COAL, INC.                  COM      039380100        457     84100   SH       SOLE               84100         0       0
 ARCHER DANIELS MIDLAND CO.       COM      039483102       4243    125818   SH       SOLE              125818         0       0
 ARCHSTONE-SMITH TRUST            CONV     039584AC1      28650  30000000   PRN      SOLE            30000000         0       0
 ARK RESTAURANTS CORP.            COM      040712101       1509     71994   SH       SOLE               71994         0       0
 ARROW ELECTRONICS INC.           COM      042735100        500     12300   SH       SOLE               12300         0       0
 ASHLAND INC.                     COM      044209104        253      3400   SH       SOLE                3400         0       0
 ASSURANT INC.                    COM      04621X108       1154     25648   SH       SOLE               25648         0       0
 ASTEX PHARMACEUTICALS, INC.      COM      04624B103         56     12500   SH       SOLE               12500         0       0
 ATWOOD OCEANICS, INC.            COM      050095108        263      5000   SH       SOLE                5000         0       0
 AUTODESK, INC.                   COM      052769106        373      9034   SH       SOLE                9034         0       0
 AUTOMATIC DATA PROCESSING INC.   COM      053015103       1203     18510   SH       SOLE               18510         0       0
 AUTOZONE INC.                    COM      053332102        931      2348   SH       SOLE                2348         0       0
 AUXILIUM PHARMACEUTICALS, INC.   COM      05334D107        401     23198   SH       SOLE               23198         0       0
 AVALONBAY COMMUNITIES, INC.      REIT     053484101        280      2204   SH       SOLE                2204         0       0
 AVERY DENNISON CORP.             COM      053611109       2706     62797   SH       SOLE               62797         0       0
 AVNET INC.                       COM      053807103        431     11900   SH       SOLE               11900         0       0
 AVON PRODUCTS INC.               COM      054303102       1707     82301   SH       SOLE               82301         0       0
 BB^T CORP.                       COM      054937107       1791     57061   SH       SOLE               57061         0       0
 BMC SOFTWARE INC.                COM      055921100       1346     29064   SH       SOLE               29064         0       0
 B T U INTERNATIONAL, INC.        COM      056032105        612    269856   SH       SOLE              269856         0       0
 BABSON CAP PARTN INVS TRUST      COM      05616B100        745     51936   SH       SOLE               51936         0       0
 BAKER HUGHES INC.                COM      057224107        551     11868   SH       SOLE               11868         0       0
 BALCHEM CORP.                    COM      057665200        250      5700   SH       SOLE                5700         0       0
 BALL CORPORATION                 COM      058498106       1134     23822   SH       SOLE               23822         0       0
 BALLY TECHNOLOGIES INC.          COM      05874B107        218      4200   SH       SOLE                4200         0       0
 BANK OF AMERICA CORP.            COM      060505104      16194   1329579   SH       SOLE             1329579         0       0
 CONTEC HOLDINGS LTD              COM      061508WW3        865    866198   SH       SOLE              866198         0       0
 BANK OF HAWAII CORPORATION       COM      062540109        210      4118   SH       SOLE                4118         0       0
 BANK OF NEW YORK MELLON CORP.    COM      064058100       2770     98952   SH       SOLE               98952         0       0
 BARD (C.R.) INC.                 COM      067383109        520      5156   SH       SOLE                5156         0       0
 IPATH GOLDMAN SACHS CRUDE OIL    COM      06738C786        305     13400   SH       SOLE               13400         0       0
 BARRETT BUSINESS SERV, INC.      COM      068463108        427      8100   SH       SOLE                8100         0       0
 BILL BARRETT CORP.               COM      06846N104        383     18900   SH       SOLE               18900         0       0
 BASIC ENERGY SERVICES INC.       COM      06985P100        581     42493   SH       SOLE               42493         0       0
 BAXTER INTERNATIONAL INC.        COM      071813109        960     13203   SH       SOLE               13203         0       0
 BE AEROSPACE INC.                COM      073302101       1224     20300   SH       SOLE               20300         0       0
 BEAZER HOMES U S A, INC.         COM      07556Q881        255     16100   SH       SOLE               16100         0       0
 BECKMAN COULTER INC.             CONV     075811AD1       9565   8000000   PRN      SOLE             8000000         0       0
 BECTON DICKINSON & CO.           COM      075887109       2714     28378   SH       SOLE               28378         0       0
 BED BATH & BEYOND INC.           COM      075896100        775     12037   SH       SOLE               12037         0       0
 BEMIS CO. INC.                   COM      081437105       1162     28797   SH       SOLE               28797         0       0
 BERKSHIRE HATHAWAY INC.          COM      084670702      14834    142359   SH       SOLE              142359         0       0
 BEST BUY CO. INC.                COM      086516101        684     30900   SH       SOLE               30900         0       0
 B H P BILLITON LTD               ADR      088606108       3196     46700   SH       SOLE               46700         0       0
 BIMINI CAPITAL MGMT, INC.        REIT     090319401         70    211628   SH       SOLE              211628         0       0
 BIOGEN IDEC INC.                 COM      09062X103       2294     11896   SH       SOLE               11896         0       0
 BLACKROCK, INC.                  COM      09247X101       2787     10850   SH       SOLE               10850         0       0
 H^R BLOCK INC.                   COM      093671105       2616     88905   SH       SOLE               88905         0       0
 BLUGREEN CORPORATION             COM      096231105        107     10900   SH       SOLE               10900         0       0
 BOEING CO.                       COM      097023105       6393     74468   SH       SOLE               74468         0       0
 BOISE INC                        COM      09746Y105        154     17800   SH       SOLE               17800         0       0
 BOOZ ALLEN HAMILTON HOLDING CO   COM      099502106        910     67700   SH       SOLE               67700         0       0
 BORGWARNER INC.                  COM      099724106        513      6640   SH       SOLE                6640         0       0
 BOSTON PROPERTIES INC.           REIT     101121101        460      4550   SH       SOLE                4550         0       0
 BOSTON SCIENTIFIC CORP.          COM      101137107        741     94925   SH       SOLE               94925         0       0
 BRISTOL-MYERS SQUIBB CO.         COM      110122108       3130     75979   SH       SOLE               75979         0       0
 BRISTOW GROUP, INC.              COM      110394103        204      3100   SH       SOLE                3100         0       0
 BROADCOM CORPORATION             COM      111320107        610     17588   SH       SOLE               17588         0       0
 BROADRIDGE FINANCIAL SOLUTIONS   COM      11133T103       1518     61096   SH       SOLE               61096         0       0
 BROCADE COMMUNICATIONS SYSTEMS   COM      111621306        782    135600   SH       SOLE              135600         0       0
 BUCKEYE TECHNOLOGIES, INC.       COM      118255108        261      8700   SH       SOLE                8700         0       0
 BUCKLE, INC.                     COM      118440106        308      6600   SH       SOLE                6600         0       0
 CBIZ, INC.                       COM      124805102        106     16600   SH       SOLE               16600         0       0
 CBL & ASSOCIATES PROPERTIES, I   REIT     124830100        248     10500   SH       SOLE               10500         0       0
 CBS CORP.                        COM      124857202       3564     76327   SH       SOLE               76327         0       0
 CCS MEDICAL HOLDINGS INC         COM      12503E106        100     14236   SH       SOLE               14236         0       0
 CBOE HOLDINGS INC                COM      12503M108        310      8400   SH       SOLE                8400         0       0
 CBRE GROUP INC.                  COM      12504L109        246      9785   SH       SOLE                9785         0       0
 CF INDUSTRIES HOLDINGS, INC.     COM      125269100       7602     39934   SH       SOLE               39934         0       0
 C.H. ROBINSON WORLDWIDE, INC.    COM      12541W209        230      3874   SH       SOLE                3874         0       0
 CIGNA CORP.                      COM      125509109       2279     36551   SH       SOLE               36551         0       0
 CIT GROUP, INC.                  COM      125581801       2443     56209   SH       SOLE               56209         0       0
 CME GROUP INC.                   COM      12572Q105        701     11415   SH       SOLE               11415         0       0
 CMS ENERGY CORP.                 COM      125896100        751     26913   SH       SOLE               26913         0       0
 C S S INDUSTRIES, INC.           COM      125906107        299     11500   SH       SOLE               11500         0       0
 CSX CORP.                        COM      126408103       1187     48180   SH       SOLE               48180         0       0
 CVS CAREMARK CORP.               COM      126650100       7005    127377   SH       SOLE              127377         0       0
 CA, INC.                         COM      12673P105       2181     86648   SH       SOLE               86648         0       0
 CABLEVISION SYSTEMS CORP.        COM      12686C109       1604    107200   SH       SOLE              107200         0       0
 CABOT OIL & GAS CORPORATION      COM      127097103        437      6470   SH       SOLE                6470         0       0
 CADENCE DESIGN SYSTEMS, INC.     COM      127387108        276     19800   SH       SOLE               19800         0       0
 CAMDEN PROPERTY TRUST            REIT     133131102        241      3500   SH       SOLE                3500         0       0
 CAMPBELL SOUP COMPANY            COM      134429109        262      5789   SH       SOLE                5789         0       0
 CANADIAN NATURAL RESOURCES LTD   COM      136385101       1054     32800   SH       SOLE               32800         0       0
 CAPITAL ONE FINANCIAL CORP.      COM      14040H105       2685     48867   SH       SOLE               48867         0       0
 CAPITALSOURCE INC.               COM      14055X102        497     51700   SH       SOLE               51700         0       0
 CARDINAL HEALTH INC.             COM      14149Y108       1396     33533   SH       SOLE               33533         0       0
 CARDTRONICS INC.                 COM      14161H108       2746    100000   SH       SOLE              100000         0       0
 CAREFUSION CORP.                 COM      14170T101       1918     54838   SH       SOLE               54838         0       0
 CARIBE MEDIA INC                 COM      141874WW3        111     11105   SH       SOLE               11105         0       0
 CARLISLE COS. INC.               COM      142339100        671      9900   SH       SOLE                9900         0       0
 CARNIVAL CORP.                   COM      143658300        392     11437   SH       SOLE               11437         0       0
 CARTER'S INC.                    COM      146229109        590     10300   SH       SOLE               10300         0       0
 CASEY'S GENERAL STORES INC       COM      147528103        886     15200   SH       SOLE               15200         0       0
 CASH AMERICA INTL, INC.          COM      14754D100        304      5800   SH       SOLE                5800         0       0
 CATAMARAN CORP                   COM      148887102        290      5460   SH       SOLE                5460         0       0
 CATERPILLAR INC.                 COM      149123101       1342     15435   SH       SOLE               15435         0       0
 CELANESE CORPORATION             COM      150870103       1352     30690   SH       SOLE               30690         0       0
 CELGENE CORP.                    COM      151020104       3582     30897   SH       SOLE               30897         0       0
 CENTERPOINT ENERGY INC.          COM      15189T107       1329     55466   SH       SOLE               55466         0       0
 CENTRAL GARDEN & PET CO.         COM      153527106        755     87513   SH       SOLE               87513         0       0
 CENTURYLINK, INC.                COM      156700106       2015     57358   SH       SOLE               57358         0       0
 CERNER CORPORATION               COM      156782104        427      4500   SH       SOLE                4500         0       0
 CHASE PACKAGING CORP.            COM      161635107          0     19082   SH       SOLE               19082         0       0
 CHESAPEAKE ENERGY CORP.          CONV     165167BZ9      19049  19885000   PRN      SOLE            19885000         0       0
 CHESAPEAKE ENERGY CORP.          CONV     165167CA3      70420  74517174   PRN      SOLE            74517174         0       0
 CHESAPEAKE ENERGY CORP.          CONV     165167CB1       1777   2000000   PRN      SOLE             2000000         0       0
 CHEVRON CORPORATION              COM      166764100      20589    173284   SH       SOLE              173284         0       0
 CHICAGO BRIDGE & IRON COMPANY    COM      167250109       1066     17165   SH       SOLE               17165         0       0
 CHICO'S FAS, INC.                COM      168615102        498     29700   SH       SOLE               29700         0       0
 CHIMERA INVESTMENT CORP          REIT     16934Q109        783    245300   SH       SOLE              245300         0       0
 CHINA MOBILE LTD                 ADR      16941M109        218      4100   SH       SOLE                4100         0       0
 CHOICE HOTELS INTERNATIONAL IN   COM      169905106        322      7600   SH       SOLE                7600         0       0
 CHIQUITA BRANDS INTERNATIONAL    CONV     170032AT3       3445   3775000   PRN      SOLE             3775000         0       0
 CHUBB CORP., THE                 COM      171232101       1998     22824   SH       SOLE               22824         0       0
 CHURCH & DWIGHT CO. INC.         COM      171340102        411      6360   SH       SOLE                6360         0       0
 CINCINNATI FINANCIAL CORP.       COM      172062101       1309     27720   SH       SOLE               27720         0       0
 CINEMARK HOLDINGS INC.           COM      17243V102       5497    186700   SH       SOLE              186700         0       0
 CISCO SYSTEMS INC.               COM      17275R102      13196    631066   SH       SOLE              631066         0       0
 CINTAS CORP.                     COM      172908105        659     14927   SH       SOLE               14927         0       0
 CITIGROUP INC.                   COM      172967424      15313    346132   SH       SOLE              346132         0       0
 CITRIX SYSTEMS, INC.             COM      177376100        564      7822   SH       SOLE                7822         0       0
 CLEAN ENERGY FUELS CORP.         COM      184499101       2600    200000   SH       SOLE              200000         0       0
 CLEARWIRE CORP.                  COM      18538Q105        177     54600   SH       SOLE               54600         0       0
 CLIFFS NATURAL RESOURCES INC.    COM      18683K101        702     36906   SH       SOLE               36906         0       0
 CLOROX CO.                       COM      189054109       1335     15070   SH       SOLE               15070         0       0
 CLOUD PEAK ENERGY INC            COM      18911Q102        789     42000   SH       SOLE               42000         0       0
 COACH, INC.                      COM      189754104        525     10513   SH       SOLE               10513         0       0
 COCA-COLA CO., THE               COM      191216100       8518    210614   SH       SOLE              210614         0       0
 COCA-COLA ENTERPRISES INC.       COM      19122T109       2467     66814   SH       SOLE               66814         0       0
 COCA-COLA FEMSA SA DE CV         ADR      191241108        360      2200   SH       SOLE                2200         0       0
 COGNIZANT TECHNOLOGY SOLUTIONS   COM      192446102        792     10337   SH       SOLE               10337         0       0
 COLGATE-PALMOLIVE CO.            COM      194162103       3206     27161   SH       SOLE               27161         0       0
 COLUMBUS MCKINNON CORP.          COM      199333105       5951    309120   SH       SOLE              309120         0       0
 COMCAST CORP.                    COM      20030N101      13085    311493   SH       SOLE              311493         0       0
 COMERICA INC.                    COM      200340107        695     19307   SH       SOLE               19307         0       0
 COMMERCIAL METALS CO.            COM      201723103        206     13000   SH       SOLE               13000         0       0
 COMMUNITY HEALTH SYSTEMS INC.    COM      203668108        483     10200   SH       SOLE               10200         0       0
 CIA DE MINAS BUENAVENTURA SA     ADR      204448104        571     22000   SH       SOLE               22000         0       0
 COMPASS MINERALS INTERNATIONAL   COM      20451N101       2067     26200   SH       SOLE               26200         0       0
 COMPUTER SCIENCES CORP.          COM      205363104       2132     43316   SH       SOLE               43316         0       0
 COMPUWARE CORPORATION            COM      205638109        155     12411   SH       SOLE               12411         0       0
 COMTECH TELECOMMUNICATIONS       COM      205826209        214      8800   SH       SOLE                8800         0       0
 CONAGRA FOODS INC.               COM      205887102        872     24358   SH       SOLE               24358         0       0
 CONCHO RESOURCES, INC.           COM      20605P101       1091     11200   SH       SOLE               11200         0       0
 CONMED CORP.                     COM      207410101       2036     59758   SH       SOLE               59758         0       0
 CONOCOPHILLIPS                   COM      20825C104       2980     49587   SH       SOLE               49587         0       0
 CONSOLIDATED EDISON INC.         COM      209115104        540      8851   SH       SOLE                8851         0       0
 CONSTELLATION BRANDS INC.        COM      21036P108       1614     33864   SH       SOLE               33864         0       0
 COOPER COMPANIES INC.            COM      216648402        204      1900   SH       SOLE                1900         0       0
 COOPER-STANDARD HOLDINGS, INC.   COM      21676P103       3328     80000   SH       SOLE               80000         0       0
 COPART INCORPORATED              COM      217204106        380     11100   SH       SOLE               11100         0       0
 CORELOGIC INC.                   COM      21871D103        383     14800   SH       SOLE               14800         0       0
 CORNING INC.                     COM      219350105        970     72741   SH       SOLE               72741         0       0
 CORRECTIONS CORP. OF AMERICA     REIT     22025Y407        282      7200   SH       SOLE                7200         0       0
 COSTCO WHOLESALE CORP.           COM      22160K105       3703     34894   SH       SOLE               34894         0       0
 COTT CORP.                       COM      22163N106      23127   2285300   SH       SOLE             2285300         0       0
 COVANCE, INC.                    COM      222816100        543      7300   SH       SOLE                7300         0       0
 COVANTA HOLDING CORP.            COM      22282E102        241     12000   SH       SOLE               12000         0       0
 COVENTRY HEALTH CARE INC.        COM      222862104       1216     25853   SH       SOLE               25853         0       0
 CRANE CO.                        COM      224399105        227      4068   SH       SOLE                4068         0       0
 CREE, INC.                       COM      225447101        345      6300   SH       SOLE                6300         0       0
 CROWN CASTLE INTERNATIONAL COR   COM      228227104        370      5300   SH       SOLE                5300         0       0
 CROWN HOLDINGS INC.              COM      228368106       3416     82100   SH       SOLE               82100         0       0
 CUMMINS INC.                     COM      231021106        445      3838   SH       SOLE                3838         0       0
 DDR CORP.                        REIT     23317H102        179     10300   SH       SOLE               10300         0       0
 D.R. HORTON INC.                 COM      23331A109        393     16206   SH       SOLE               16206         0       0
 DST SYSTEMS, INC.                COM      233326107       1107     15520   SH       SOLE               15520         0       0
 DTE ENERGY CO.                   COM      233331107       1875     27437   SH       SOLE               27437         0       0
 DSW, INC.                        COM      23334L102        267      4200   SH       SOLE                4200         0       0
 DANAHER CORP.                    COM      235851102       2806     45148   SH       SOLE               45148         0       0
 DARDEN RESTAURANTS INC.          COM      237194105        317      6127   SH       SOLE                6127         0       0
 DARLING INTERNATIONAL INC.       COM      237266101       7274    405000   SH       SOLE              405000         0       0
 DAVITA HEALTHCARE PARTNERS INC   COM      23918K108        660      5568   SH       SOLE                5568         0       0
 DEAN FOODS COMPANY               COM      242370104        519     28609   SH       SOLE               28609         0       0
 DEERE & COMPANY                  COM      244199105       1465     17031   SH       SOLE               17031         0       0
 DELL INC.                        COM      24702R101       1820    127025   SH       SOLE              127025         0       0
 DELTA AIR LINES INC.             COM      247361702       3036    183891   SH       SOLE              183891         0       0
 DENBURY RESOURCES INC.           COM      247916208        841     45097   SH       SOLE               45097         0       0
 DENTSPLY INTERNATIONAL INC.      COM      249030107        342      8067   SH       SOLE                8067         0       0
 DETOUR GOLD CORP                 CONV     250669AA6       7037   6900000   PRN      SOLE             6900000         0       0
 DEVON ENERGY CORP.               COM      25179M103        767     13614   SH       SOLE               13614         0       0
 DIAL GLOBAL INC.                 COM      25247X107        126    407635   SH       SOLE              407635         0       0
 DIAMOND OFFSHORE DRILLING INC.   COM      25271C102       1256     18063   SH       SOLE               18063         0       0
 DIGITAL REALTY TRUST INC.        REIT     253868103        368      5500   SH       SOLE                5500         0       0
 DILLARD'S INC.                   COM      254067101       1068     13600   SH       SOLE               13600         0       0
 WALT DISNEY COMPANY, THE         COM      254687106       4279     75341   SH       SOLE               75341         0       0
 DISCOVER FINANCIAL SERVICES IN   COM      254709108       1797     40078   SH       SOLE               40078         0       0
 DISCOVERY COMMUNICATIONS INC.    COM      25470F104       1111     14100   SH       SOLE               14100         0       0
 DISH NETWORK CORP.               COM      25470M109       1353     35700   SH       SOLE               35700         0       0
 DIRECTV                          COM      25490A309       3516     62114   SH       SOLE               62114         0       0
 DOLBY LABORATORIES, INC.         COM      25659T107        212      6330   SH       SOLE                6330         0       0
 DOMINION RESOURCES INC.          COM      25746U109       1667     28658   SH       SOLE               28658         0       0
 DOMTAR CORP.                     COM      257559203        388      5000   SH       SOLE                5000         0       0
 R.R. DONNELLEY & SONS COMPANY    COM      257867101       4232    351300   SH       SOLE              351300         0       0
 DORMAN PRODUCTS, INC.            COM      258278100        201      5400   SH       SOLE                5400         0       0
 DOVER CORP.                      COM      260003108       1252     17176   SH       SOLE               17176         0       0
 DOW CHEMICAL CO., THE            COM      260543103       1063     33376   SH       SOLE               33376         0       0
 DR PEPPER SNAPPLE GROUP INC.     COM      26138E109        488     10414   SH       SOLE               10414         0       0
 DREW INDUSTRIES, INC.            COM      26168L205        294      8100   SH       SOLE                8100         0       0
 DRIL-QUIP, INC.                  COM      262037104        453      5200   SH       SOLE                5200         0       0
 DU PONT (E.I.) DE NEMOURS & CO   COM      263534109       2396     48731   SH       SOLE               48731         0       0
 DUKE ENERGY CORP.                COM      26441C204       3534     48681   SH       SOLE               48681         0       0
 DUN & BRADSTREET CORP., THE      COM      26483E100       1103     13165   SH       SOLE               13165         0       0
 E C C CAPITAL CORP.              REIT     26826M108         90   1200000   SH       SOLE             1200000         0       0
 EMC CORP.                        COM      268648102       4462    186757   SH       SOLE              186757         0       0
 EOG RESOURCES INC.               COM      26875P101        280      2185   SH       SOLE                2185         0       0
 ERA GROUP INC.                   COM      26885G109        284     13500   SH       SOLE               13500         0       0
 E*TRADE FINANCIAL CORP.          COM      269246401        190     17754   SH       SOLE               17754         0       0
 EARTHLINK, INC.                  COM      270321102         82     15200   SH       SOLE               15200         0       0
 EAST WEST BANCORP, INC.          COM      27579R104        226      8800   SH       SOLE                8800         0       0
 EASTMAN CHEMICAL CO.             COM      277432100       5098     72980   SH       SOLE               72980         0       0
 EBAY INC.                        COM      278642103       4467     82372   SH       SOLE               82372         0       0
 ECHOSTAR CORPORATION             COM      278768106       1057     27100   SH       SOLE               27100         0       0
 ECOLAB INC.                      COM      278865100        427      5324   SH       SOLE                5324         0       0
 EDISON INTERNATIONAL             COM      281020107       2151     42754   SH       SOLE               42754         0       0
 EIGHTH NOTE, INC                 COM      28257ZMM2      15000        15   SH       SOLE                  15         0       0
 EL PASO ELECTRIC COMPANY         COM      283677854        259      7700   SH       SOLE                7700         0       0
 ELECTRONIC ARTS INC.             COM      285512109        736     41523   SH       SOLE               41523         0       0
 EMCOR GROUP, INC.                COM      29084Q100        466     11000   SH       SOLE               11000         0       0
 EMERSON ELECTRIC CO.             COM      291011104       4409     78922   SH       SOLE               78922         0       0
 ENDO PHARMACEUTICALS HOLDINGS    COM      29264F205        302      9800   SH       SOLE                9800         0       0
 ENERGIZER HOLDINGS INC.          COM      29266R108        549      5500   SH       SOLE                5500         0       0
 ENERSYS                          COM      29275Y102       3646     80000   SH       SOLE               80000         0       0
 ENGILITY HOLDINGS, INC           COM      29285W104        256     10700   SH       SOLE               10700         0       0
 ENTERGY CORP                     COM      29364G103       1265     20009   SH       SOLE               20009         0       0
 EQUIFAX INC.                     COM      294429105        706     12278   SH       SOLE               12278         0       0
 EQUINIX INC.                     COM      29444U502        394      1820   SH       SOLE                1820         0       0
 EQUITY RESIDENTIAL               REIT     29476L107        428      7757   SH       SOLE                7757         0       0
 ESSEX PROPERTY TRUST INC.        REIT     297178105        206      1370   SH       SOLE                1370         0       0
 ESSEX RENTAL CORPORATION         COM      297187106        652    144191   SH       SOLE              144191         0       0
 ESTERLINE TECHNOLOGIES CORPORA   COM      297425100       1060     14000   SH       SOLE               14000         0       0
 EXELON CORP.                     COM      30161N101        843     24452   SH       SOLE               24452         0       0
 EXELIS INC.                      COM      30162A108        216     19800   SH       SOLE               19800         0       0
 EXPEDIA INC.                     COM      30212P303       2456     40940   SH       SOLE               40940         0       0
 EXPRESS SCRIPTS HOLDING COMPAN   COM      30219G108       4337     75226   SH       SOLE               75226         0       0
 EXTRA SPACE STORAGE, INC.        REIT     30225T102        385      9800   SH       SOLE                9800         0       0
 EZCORP INC                       COM      302301106        781     36700   SH       SOLE               36700         0       0
 EXXON CORP.                      COM      30231G102      35158    390166   SH       SOLE              390166         0       0
 FEDERAL REALTY INVESTMENT TRUS   REIT     313747206        209      1930   SH       SOLE                1930         0       0
 FEDERATED INVESTORS, INC.        COM      314211103       1082     45680   SH       SOLE               45680         0       0
 FEDEX CORP.                      COM      31428X106        371      3786   SH       SOLE                3786         0       0
 F5 NETWORKS, INC.                COM      315616102        201      2260   SH       SOLE                2260         0       0
 FIDELITY NATIONAL INFORMATION    COM      31620M106        760     19160   SH       SOLE               19160         0       0
 FIDELITY NATIONAL FINANCIAL IN   COM      31620R105        992     39300   SH       SOLE               39300         0       0
 FIFTH THIRD BANCORP              COM      316773100       2006    122893   SH       SOLE              122893         0       0
 FIRST INTERSTATE BANCSYSTEM IN   COM      32055Y201        209     11100   SH       SOLE               11100         0       0
 FIRST SOLAR INC.                 COM      336433107       1516     56200   SH       SOLE               56200         0       0
 FISERV INC.                      COM      337738108       1847     21035   SH       SOLE               21035         0       0
 FIRSTENERGY CORP.                COM      337932107       1141     27050   SH       SOLE               27050         0       0
 FLEETCOR TECHNOLOGIES, INC       COM      339041105        337      4400   SH       SOLE                4400         0       0
 FLUOR CORP.                      COM      343412102       2849     42956   SH       SOLE               42956         0       0
 FLOWSERVE CORP.                  COM      34354P105        701      4177   SH       SOLE                4177         0       0
 FOOT LOCKER INC.                 COM      344849104        489     14300   SH       SOLE               14300         0       0
 FORD MOTOR CO.                   COM      345370860       4256    323675   SH       SOLE              323675         0       0
 FOREST LABORATORIES, INC.        COM      345838106        420     11050   SH       SOLE               11050         0       0
 LB FOSTER CO                     COM      350060109        239      5400   SH       SOLE                5400         0       0
 FRANKLIN RESOURCES INC.          COM      354613101       1589     10535   SH       SOLE               10535         0       0
 FREEPORT-MCMORAN COPPER & GOLD   COM      35671D857       6578    198712   SH       SOLE              198712         0       0
 FRONTIER COMMUNICATIONS CORP.    COM      35906A108       1576    396245   SH       SOLE              396245         0       0
 GT ADVANCED TECHNOLOGOES, INC.   COM      36191U106         65     20000   SH       SOLE               20000         0       0
 GSE SYSTEMS INC                  COM      36227K106        944    472100   SH       SOLE              472100         0       0
 GAMESTOP CORP.                   COM      36467W109       1822     65112   SH       SOLE               65112         0       0
 GANNETT CO., INC.                COM      364730101       1518     69383   SH       SOLE               69383         0       0
 GAP INC., THE                    COM      364760108       1320     37295   SH       SOLE               37295         0       0
 GENERAL CABLE CORP.              COM      369300108        641     17500   SH       SOLE               17500         0       0
 GENERAL DYNAMICS CORP.           COM      369550108       1075     15251   SH       SOLE               15251         0       0
 GENERAL ELECTRIC CO.             COM      369604103      25164   1088401   SH       SOLE             1088401         0       0
 GENERAL GROWTH PROPERTIES, INC   REIT     370023103        202     10146   SH       SOLE               10146         0       0
 GENERAL MILLS INC.               COM      370334104       2013     40822   SH       SOLE               40822         0       0
 GENERAL MOTORS CO                COM      37045V100       2779     99921   SH       SOLE               99921         0       0
 GENERAL MOTORS CO                WAR      37045V118        902     48744   SH       SOLE               48744         0       0
 GENERAL MOTORS CO                WAR      37045V126        574     48744   SH       SOLE               48744         0       0
 GENTEX CORPORATION               COM      371901109        369     18460   SH       SOLE               18460         0       0
 GENUINE PARTS CO                 COM      372460105        809     10370   SH       SOLE               10370         0       0
 GEO SPECIALTY CHEMICALS, INC.    COM      37246R106          0     80750   SH       SOLE               80750         0       0
 GENWORTH FINANCIAL INC.          COM      37247D106       1212    121153   SH       SOLE              121153         0       0
 GEOMET, INC.                     COM      37250U201         13     85857   SH       SOLE               85857         0       0
 GILEAD SCIENCES, INC.            COM      375558103       2912     59522   SH       SOLE               59522         0       0
 GLOBAL PAYMENTS, INC.            COM      37940X102        405      8150   SH       SOLE                8150         0       0
 GOLD FIELDS LTD                  ADR      38059T106        505     65200   SH       SOLE               65200         0       0
 GOLD RESOURCE CORP               COM      38068T105        551     42300   SH       SOLE               42300         0       0
 GOLDMAN SACHS GROUP INC., THE    COM      38141G104       7858     53398   SH       SOLE               53398         0       0
 GOODYEAR TIRE & RUBBER CO., TH   COM      382550101        924     73212   SH       SOLE               73212         0       0
 GOOGLE INC.                      COM      38259P508      12667     15953   SH       SOLE               15953         0       0
 WR GRACE & COMPANY               COM      38388F108        481      6200   SH       SOLE                6200         0       0
 GRAPHIC PACKAGING HOLDING CO.    COM      388689101      23943   3196713   SH       SOLE             3196713         0       0
 GREAT LAKES DREDGE & DOCK CORP   COM      390607109       6929   1029400   SH       SOLE             1029400         0       0
 GREIF INC.                       COM      397624107       3019     56300   SH       SOLE               56300         0       0
 HCA HOLDINGS, INC.               COM      40412C101        470     11600   SH       SOLE               11600         0       0
 HCC INSURANCE HOLDINGS INC.      COM      404132102        444     10566   SH       SOLE               10566         0       0
 HCP INC.                         REIT     40414L109       1612     32311   SH       SOLE               32311         0       0
 HALCON RESOURCES CORPORATION     COM      40537Q209       1948    250000   SH       SOLE              250000         0       0
 HALLADOR ENERGY CO               COM      40609P105        211     30512   SH       SOLE               30512         0       0
 HALLIBURTON CO.                  COM      406216101       2301     56938   SH       SOLE               56938         0       0
 HANESBRANDS INC.                 COM      410345102        693     15200   SH       SOLE               15200         0       0
 HANOVER INSURANCE GROUP INC.,    COM      410867105        373      7500   SH       SOLE                7500         0       0
 HARLEY-DAVIDSON INC.             COM      412822108        490      9210   SH       SOLE                9210         0       0
 HARMAN INTERNATIONAL INDUSTRIE   COM      413086109        345      7743   SH       SOLE                7743         0       0
 HARRIS CORP.                     COM      413875105       1301     28094   SH       SOLE               28094         0       0
 HARTFORD FINANCIAL SERVICES GR   COM      416515104       1712     66370   SH       SOLE               66370         0       0
 HASBRO INC.                      COM      418056107       1252     28478   SH       SOLE               28478         0       0
 HATTERAS FINANCIAL CORP          REIT     41902R103        431     15700   SH       SOLE               15700         0       0
 HAWAIIAN HOLDINGS INC            COM      419879101         83     14400   SH       SOLE               14400         0       0
 HEALTH MANAGEMENT ASSOCIATES I   COM      421933102       1572    122100   SH       SOLE              122100         0       0
 HEALTH CARE REIT INC.            REIT     42217K106       1273     18746   SH       SOLE               18746         0       0
 HEINEKEN NV                      ADR      423012301        327      8700   SH       SOLE                8700         0       0
 HEINZ (H.J.) CO.                 COM      423074103       1758     24316   SH       SOLE               24316         0       0
 HELIX ENERGY SOLUTIONS GROUP     COM      42330P107       1009     44100   SH       SOLE               44100         0       0
 HELMERICH & PAYNE, INC.          COM      423452101       1635     26940   SH       SOLE               26940         0       0
 JACK HENRY & ASSOCIATES INC      COM      426281101        546     11800   SH       SOLE               11800         0       0
 HERSHEY COMPANY, THE             COM      427866108        767      8766   SH       SOLE                8766         0       0
 HERTZ GLOBAL HOLDINGS INC.       COM      42805T105        555     24900   SH       SOLE               24900         0       0
 HESS CORP                        COM      42809H107        363      5079   SH       SOLE                5079         0       0
 HEWLETT-PACKARD CO.              COM      428236103       5104    214137   SH       SOLE              214137         0       0
 HILL-ROM HOLDINGS INC.           COM      431475102        250      7100   SH       SOLE                7100         0       0
 HILLENBRAND, INC.                COM      431571108       7305    288981   SH       SOLE              288981         0       0
 HILLSHIRE BRANDS CO. (THE)       COM      432589109       1233     35080   SH       SOLE               35080         0       0
 HOLLYFRONTIER CORP.              COM      436106108       4580     89020   SH       SOLE               89020         0       0
 HOLOGIC INC.                     COM      436440101        211      9300   SH       SOLE                9300         0       0
 HOME DEPOT INC.                  COM      437076102       8612    123417   SH       SOLE              123417         0       0
 HONEYWELL INTERNATIONAL INC.     COM      438516106       5012     66517   SH       SOLE               66517         0       0
 HORMEL FOODS CORP.               COM      440452100        311      7528   SH       SOLE                7528         0       0
 HORNBECK OFFSHORE SERVICES INC   COM      440543106      14148    304503   SH       SOLE              304503         0       0
 HOSPIRA INC.                     COM      441060100        320      9741   SH       SOLE                9741         0       0
 HOST HOTELS & RESORTS INC.       REIT     44107P104        329     18788   SH       SOLE               18788         0       0
 HUBBELL INC.                     COM      443510201        253      2600   SH       SOLE                2600         0       0
 HUDSON CITY BANCORP, INC.        COM      443683107        756     87415   SH       SOLE               87415         0       0
 HUMANA INC.                      COM      444859102       1738     25149   SH       SOLE               25149         0       0
 HUNTINGTON BANCSHARES INC.       COM      446150104        997    134872   SH       SOLE              134872         0       0
 HUNTINGTON INGALLS INDUSTRIES    COM      446413106        809     15177   SH       SOLE               15177         0       0
 HUNTSMAN CORP.                   COM      447011107       1607     86500   SH       SOLE               86500         0       0
 ITT EDUCATIONAL SERVICES, INC.   COM      45068B109        407     29500   SH       SOLE               29500         0       0
 ITT CORP.                        COM      450911201        633     22250   SH       SOLE               22250         0       0
 IDEX CORP.                       COM      45167R104        532      9950   SH       SOLE                9950         0       0
 ILLINOIS TOOL WORKS INC.         COM      452308109       2299     37715   SH       SOLE               37715         0       0
 INGRAM MICRO INC.                COM      457153104        252     12800   SH       SOLE               12800         0       0
 INGREDION INCORPORATED           COM      457187102       3136     43356   SH       SOLE               43356         0       0
 INNOPHOS HOLDINGS INC.           COM      45774N108      10169    186394   SH       SOLE              186394         0       0
 INTEL CORP.                      COM      458140100       7445    340734   SH       SOLE              340734         0       0
 INTEL CORP.                      CONV     458140AD2      24393  22983000   PRN      SOLE            22983000         0       0
 INTERCONTINENTALEXCHANGE, INC.   COM      45865V100        466      2860   SH       SOLE                2860         0       0
 IBM CORPORATION                  COM      459200101      16554     77610   SH       SOLE               77610         0       0
 INTERNATIONAL FLAVORS & FRAGRA   COM      459506101        432      5633   SH       SOLE                5633         0       0
 INTERNATIONAL GAME TECHNOLOGY    COM      459902102       7149    433201   SH       SOLE              433201         0       0
 INTERNATIONAL PAPER COMPANY      COM      460146103       6847    146994   SH       SOLE              146994         0       0
 INTERPUBLIC GROUP OF COMPANIES   COM      460690100        276     21186   SH       SOLE               21186         0       0
 INTUIT INC.                      COM      461202103        571      8699   SH       SOLE                8699         0       0
 INTUITIVE SURGICAL, INC.         COM      46120E602        377       766   SH       SOLE                 766         0       0
 IRON MOUNTAIN INC.               COM      462846106        234      6413   SH       SOLE                6413         0       0
 ISHARES MSCI SINGAPORE INDEX F   ETF      464286673        350     25100   SH       SOLE               25100         0       0
 ISHARES MSCI TAIWAN INDEX FUND   ETF      464286731        225     16900   SH       SOLE               16900         0       0
 ISHARES MSCI SOUTH AFRICA INDE   ETF      464286780        294      4600   SH       SOLE                4600         0       0
 ISHARES MSCI                     COM      464286822        239      3200   SH       SOLE                3200         0       0
 ISHARES MSCI ITALY CAPPED INDE   ETF      464286855        253     21400   SH       SOLE               21400         0       0
 ISHARES MSCI HONG KONG INDEX F   ETF      464286871        264     13300   SH       SOLE               13300         0       0
 ISHARES TRUST                    ETF      464287184       1764     47800   SH       SOLE               47800         0       0
 ISHARES TRUST                    ETF      464287465       1500     25430   SH       SOLE               25430         0       0
 ISHARES TRUST                    ETF      464287598      12995    160100   SH       SOLE              160100         0       0
 ISHARES TRUST                    ETF      464287689      55636    595289   SH       SOLE              595289         0       0
 ISHARES MSCI NEW ZEALAND CAPPE   ETF      464289123        313      8400   SH       SOLE                8400         0       0
 ISHARES MSCI PHILIPPINES INVES   ETF      46429B408        272      6600   SH       SOLE                6600         0       0
 ISHARES MSCI RUSSIA CAPPED IND   ETF      46429B705        328     14900   SH       SOLE               14900         0       0
 ITRON INC.                       COM      465741106       4500     97000   SH       SOLE               97000         0       0
 JDS UNIPHASE CORPORATION         COM      46612J507        870     65127   SH       SOLE               65127         0       0
 JPMORGAN CHASE & CO.             COM      46625H100      17405    366743   SH       SOLE              366743         0       0
 JABIL CIRCUIT INC.               COM      466313103        632     34149   SH       SOLE               34149         0       0
 JACOBS ENGINEERING GROUP, INC.   COM      469814107       1724     30644   SH       SOLE               30644         0       0
 JANUS CAPITAL GROUP INC.         COM      47102X105        114     12200   SH       SOLE               12200         0       0
 JARDEN CORP.                     COM      471109108       1145     26700   SH       SOLE               26700         0       0
 JETBLUE AIRWAYS CORPORATION      COM      477143101       4140    600000   SH       SOLE              600000         0       0
 JOHNSON & JOHNSON                COM      478160104      17969    220400   SH       SOLE              220400         0       0
 JOHNSON CONTROLS INC.            COM      478366107        382     10877   SH       SOLE               10877         0       0
 JOY GLOBAL INC.                  COM      481165108       1244     20900   SH       SOLE               20900         0       0
 JUNIPER NETWORKS INC.            COM      48203R104        407     21937   SH       SOLE               21937         0       0
 KAR AUCTION SERVICES INC.        COM      48238T109      18751    936146   SH       SOLE              936146         0       0
 KLA-TENCOR CORP.                 COM      482480100        975     18487   SH       SOLE               18487         0       0
 KANSAS CITY SOUTHERN             COM      485170302       3027     27300   SH       SOLE               27300         0       0
 KELLOGG CO.                      COM      487836108       1399     21703   SH       SOLE               21703         0       0
 KEYCORP                          COM      493267108       1257    126236   SH       SOLE              126236         0       0
 KILROY REALTY CORP.              REIT     49427F108        230      4400   SH       SOLE                4400         0       0
 KIMBERLY-CLARK CORP.             COM      494368103       2773     28294   SH       SOLE               28294         0       0
 KIMCO REALTY CORP.               REIT     49446R109        681     30377   SH       SOLE               30377         0       0
 KINDER MORGAN INC.               COM      49456B101        214      5552   SH       SOLE                5552         0       0
 KOHL'S CORP.                     COM      500255104        908     19691   SH       SOLE               19691         0       0
 KRAFT FOODS GROUP INC.           COM      50076Q106       1830     35513   SH       SOLE               35513         0       0
 KROGER CO.                       COM      501044101       1874     56523   SH       SOLE               56523         0       0
 KRONOS WORLDWIDE INC.            COM      50105F105        340     21700   SH       SOLE               21700         0       0
 KULICKE & SOFFA INDUSTRIES       COM      501242101        175     15100   SH       SOLE               15100         0       0
 LIMITED BRANDS INC.              COM      501797104        648     14510   SH       SOLE               14510         0       0
 LKQ CORPORATION                  COM      501889208       1169     53700   SH       SOLE               53700         0       0
 LSI CORPORATION                  COM      502161102        189     28054   SH       SOLE               28054         0       0
 L-3 COMMUNICATIONS HOLDINGS IN   COM      502424104       3100     38298   SH       SOLE               38298         0       0
 LABORATORY CORPORATION OF AMER   COM      50540R409        579      6413   SH       SOLE                6413         0       0
 LAM RESEARCH CORP.               COM      512807108        245      5922   SH       SOLE                5922         0       0
 LAREDO PETROLEUM HOLDINGS INC    COM      516806106       4653    254396   SH       SOLE              254396         0       0
 LAS VEGAS SANDS CORP.            COM      517834107        208      3700   SH       SOLE                3700         0       0
 ESTEE LAUDER COMPANIES INC., T   COM      518439104        293      4566   SH       SOLE                4566         0       0
 LEAR CORP.                       COM      521865204       1495     27251   SH       SOLE               27251         0       0
 LEGGETT & PLATT INC.             COM      524660107        282      8341   SH       SOLE                8341         0       0
 LENDER PROCESSING SERVICES INC   COM      52602E102        710     27900   SH       SOLE               27900         0       0
 LENNAR CORP.                     COM      526057104        245      5900   SH       SOLE                5900         0       0
 LEUCADIA NATIONAL CORP.          COM      527288104       1019     37189   SH       SOLE               37189         0       0
 LEVEL 3 COMMUNICATIONS, INC.     CONV     52729NBR0       1390   1050000   PRN      SOLE             1050000         0       0
 LIBERTY GLOBAL INC.              COM      530555101        822     11200   SH       SOLE               11200         0       0
 LIBERTY INTERACTIVE CORPORATIO   COM      53071M104        545     25500   SH       SOLE               25500         0       0
 LIBERTY INTERACTIVE CORPORATIO   COM      53071M880        522      6900   SH       SOLE                6900         0       0
 LIBERTY PROPERTY L.P.            REIT     531172104        250      6268   SH       SOLE                6268         0       0
 LIBERTY MEDIA CORP               COM      531229102        426      3820   SH       SOLE                3820         0       0
 LIFE TECHNOLOGIES CORPORATION    COM      53217V109        859     13287   SH       SOLE               13287         0       0
 ELI LILLY & CO.                  COM      532457108       8158    143652   SH       SOLE              143652         0       0
 LINCOLN EDUCATIONAL SERVICES     COM      533535100        117     19900   SH       SOLE               19900         0       0
 LINCOLN ELECTRIC HOLDINGS, INC   COM      533900106        585     10800   SH       SOLE               10800         0       0
 LINCOLN NATIONAL CORP.           COM      534187109       1702     52202   SH       SOLE               52202         0       0
 LINEAR TECHNOLOGY CORPORATION    COM      535678106        511     13306   SH       SOLE               13306         0       0
 LOCKHEED MARTIN CORP.            COM      539830109       5621     58246   SH       SOLE               58246         0       0
 LOEWS CORP.                      COM      540424108        517     11746   SH       SOLE               11746         0       0
 LORAL SPACE & COMMUNICATIONS,    COM      543881106        372      5998   SH       SOLE                5998         0       0
 LORILLARD INC.                   COM      544147101       1407     34881   SH       SOLE               34881         0       0
 LOUISIANA-PACIFIC CORPORATION    COM      546347105        642     29700   SH       SOLE               29700         0       0
 LOWE'S COS. INC.                 COM      548661107       4696    123824   SH       SOLE              123824         0       0
 LYON WILLIAM HOMES               COM      552074205         29     10000   SH       SOLE               10000         0       0
 M^T BANK CORP.                   COM      55261F104       1286     12464   SH       SOLE               12464         0       0
 M F R I, INC.                    COM      552721102       2624    363965   SH       SOLE              363965         0       0
 MFA FINANCIAL, INC.              REIT     55272X102        979    105100   SH       SOLE              105100         0       0
 M K S INSTRUMENTS, INC.          COM      55306N104        375     13800   SH       SOLE               13800         0       0
 M W I VETERINARY SUPPLY, INC.    COM      55402X105        304      2300   SH       SOLE                2300         0       0
 MACERICH COMPANY, THE            REIT     554382101        547      8495   SH       SOLE                8495         0       0
 MACY'S INC.                      COM      55616P104       2545     60813   SH       SOLE               60813         0       0
 MADISON SQUARE GARDEN INC        COM      55826P100        276      4800   SH       SOLE                4800         0       0
 MANOR CARE, INC.                 CONV     564055AP6      28069  20833333   PRN      SOLE            20833333         0       0
 MARATHON OIL CORPORATION         COM      565849106       1780     52752   SH       SOLE               52752         0       0
 MARATHON PETROLEUM CORPORATION   COM      56585A102       5193     57955   SH       SOLE               57955         0       0
 MARSH & MCLENNAN COMPANIES INC   COM      571748102       1277     33643   SH       SOLE               33643         0       0
 MARRIOTT INTERNATIONAL INC.      COM      571903202        598     14149   SH       SOLE               14149         0       0
 MASCO CORP.                      COM      574599106       1149     56719   SH       SOLE               56719         0       0
 MASSEY ENERGY CO.                CONV     576203AJ2       8903   9250000   PRN      SOLE             9250000         0       0
 MASTERCARD INCORPORATED          COM      57636Q104       4520      8351   SH       SOLE                8351         0       0
 ALEXANDER & BALDWIN INC.         COM      57686G105        448     18200   SH       SOLE               18200         0       0
 MATTEL INC.                      COM      577081102       1049     23951   SH       SOLE               23951         0       0
 MCDERMOTT INTERNATIONAL INC.     COM      580037109        136     12400   SH       SOLE               12400         0       0
 MCDONALD'S CORP.                 COM      580135101       3062     30715   SH       SOLE               30715         0       0
 MCGRAW-HILL COMPANIES, THE       COM      580645109        528     10127   SH       SOLE               10127         0       0
 MCKESSON CORP.                   COM      58155Q103       2404     22266   SH       SOLE               22266         0       0
 MEAD JOHNSON NUTRITION COMPANY   COM      582839106       1173     15136   SH       SOLE               15136         0       0
 MEDIDATA SOLUTIONS INC           COM      58471A105        284      4900   SH       SOLE                4900         0       0
 MEDTRONIC INC.                   COM      585055106       6458    137507   SH       SOLE              137507         0       0
 MEDTRONIC INC.                   CONV     585055AB2       8020   8000000   PRN      SOLE             8000000         0       0
 MERCK & CO. INC.                 COM      58933Y105      11534    260783   SH       SOLE              260783         0       0
 MET-PRO CORP.                    COM      590876306        665     64349   SH       SOLE               64349         0       0
 METLIFE INC.                     COM      59156R108       2848     74925   SH       SOLE               74925         0       0
 METROPCS COMMUNICATIONS INC.     COM      591708102        854     78339   SH       SOLE               78339         0       0
 MICROS SYSTEMS INC               COM      594901100        905     19900   SH       SOLE               19900         0       0
 MICROSOFT CORP.                  COM      594918104      17810    622496   SH       SOLE              622496         0       0
 MICROCHIP TECHNOLOGY INC.        COM      595017104        245      6645   SH       SOLE                6645         0       0
 MICRON TECHNOLOGY INC.           COM      595112103        547     54850   SH       SOLE               54850         0       0
 MOHAWK INDUSTRIES INC.           COM      608190104        241      2130   SH       SOLE                2130         0       0
 MOLEX, INCORPORATED              COM      608554101        465     15903   SH       SOLE               15903         0       0
 MOLSON COORS BREWING COMPANY     COM      60871R209       1651     33725   SH       SOLE               33725         0       0
 MONDELEZ INTERNATIONAL, INC.     COM      609207105       2686     87746   SH       SOLE               87746         0       0
 MONSANTO CO.                     COM      61166W101      10234     96883   SH       SOLE               96883         0       0
 MOODY'S CORPORATION              COM      615369105       1524     28565   SH       SOLE               28565         0       0
 MORGAN STANLEY                   COM      617446448       3598    163693   SH       SOLE              163693         0       0
 MOSAIC CO., THE                  COM      61945C103        812     13600   SH       SOLE               13600         0       0
 MOTOROLA SOLUTIONS INC.          COM      620076307       1516     23671   SH       SOLE               23671         0       0
 MOTORS LIQUIDATION CO GUC TRUS   COM      62010U101        289     10729   SH       SOLE               10729         0       0
 MURPHY OIL CORP.                 COM      626717102        906     14233   SH       SOLE               14233         0       0
 MYLAN INC.                       COM      628530107        739     25506   SH       SOLE               25506         0       0
 MYRIAD GENETICS, INC.            COM      62855J104        241      9500   SH       SOLE                9500         0       0
 NCR CORP.                        COM      62886E108        313     11360   SH       SOLE               11360         0       0
 NRG ENERGY INC.                  COM      629377508       2040     77020   SH       SOLE               77020         0       0
 NYSE EURONEXT                    COM      629491101        906     23468   SH       SOLE               23468         0       0
 NABORS INDUSTRIES INC.           CONV     629568AF3       8307   8307373   PRN      SOLE             8307373         0       0
 NASDAQ OMX GROUP, INC., THE      COM      631103108        306      9467   SH       SOLE                9467         0       0
 NATIONAL OILWELL VARCO INC.      COM      637071101       1981     28003   SH       SOLE               28003         0       0
 NATIONAL RETAIL PROPERTIES INC   REIT     637417106        290      8000   SH       SOLE                8000         0       0
 NEEBO INC.                       COM      63983W108          0     88055   SH       SOLE               88055         0       0
 NEENAH ENTERPRISES, INC.         COM      64007R109       1343    154333   SH       SOLE              154333         0       0
 NETAPP INC.                      COM      64110D104       1591     46567   SH       SOLE               46567         0       0
 NETFLIX INC                      COM      64110L106        473      2496   SH       SOLE                2496         0       0
 NEUSTAR, INC.                    COM      64126X201        251      5400   SH       SOLE                5400         0       0
 NEW YORK COMMUNITY BANCORP, IN   COM      649445103        694     48340   SH       SOLE               48340         0       0
 NEWARK GROUP INC., THE           COM      650341MM9       1304    546783   SH       SOLE              546783         0       0
 NEWELL RUBBERMAID INC.           COM      651229106       1269     48621   SH       SOLE               48621         0       0
 NEWMARKET CORP.                  COM      651587107        312      1200   SH       SOLE                1200         0       0
 NEWMONT MINING CORP.             COM      651639106        743     17754   SH       SOLE               17754         0       0
 NEWS CORPORATION                 COM      65248E104       4602    150788   SH       SOLE              150788         0       0
 NEXTERA ENERGY INC.              COM      65339F101       3625     46668   SH       SOLE               46668         0       0
 NIKE INC.                        COM      654106103       2606     44164   SH       SOLE               44164         0       0
 NOBLE ENERGY INC.                COM      655044105        706      6111   SH       SOLE                6111         0       0
 NORDSTROM INC.                   COM      655664100        696     12619   SH       SOLE               12619         0       0
 NORFOLK SOUTHERN CORP.           COM      655844108        754      9786   SH       SOLE                9786         0       0
 NORTHEAST UTILITIES              COM      664397106        606     13964   SH       SOLE               13964         0       0
 NORTHERN OIL AND GAS INC         COM      665531109        482     33500   SH       SOLE               33500         0       0
 NORTHERN TRUST CORP.             COM      665859104        590     10820   SH       SOLE               10820         0       0
 NORTHROP GRUMMAN CORP.           COM      666807102       2771     39510   SH       SOLE               39510         0       0
 NOVATION CO INC                  REIT     66989V107      10014  19258775   SH       SOLE            19258775         0       0
 NOVO NORDISK A/S                 ADR      670100205       1195      7400   SH       SOLE                7400         0       0
 NU SKIN ENTERPRISES, INC.        COM      67018T105        911     20600   SH       SOLE               20600         0       0
 NUCOR CORP.                      COM      670346105       4200     91017   SH       SOLE               91017         0       0
 NV ENERGY INC.                   COM      67073Y106        558     27900   SH       SOLE               27900         0       0
 OGE ENERGY CORP.                 COM      670837103        295      4224   SH       SOLE                4224         0       0
 O'REILLY AUTOMOTIVE, INC.        COM      67103H107       1458     14227   SH       SOLE               14227         0       0
 OCCIDENTAL PETROLEUM CORP.       COM      674599105       1243     15865   SH       SOLE               15865         0       0
 OCEANEERING INTERNATIONAL, INC   COM      675232102        372      5600   SH       SOLE                5600         0       0
 OIL STATES INTERNATIONAL INC.    COM      678026105       1395     17100   SH       SOLE               17100         0       0
 OMNICARE INC.                    COM      681904108        978     24000   SH       SOLE               24000         0       0
 OMNICOM GROUP INC.               COM      681919106       1075     18245   SH       SOLE               18245         0       0
 OMNOVA SOLUTIONS INC.            COM      682129101       2071    270000   SH       SOLE              270000         0       0
 ONEOK INC.                       COM      682680103        529     11100   SH       SOLE               11100         0       0
 ORACLE CORP.                     COM      68389X105      12921    399545   SH       SOLE              399545         0       0
 OSHKOSH TRUCK CORPORATION        COM      688239201        824     19400   SH       SOLE               19400         0       0
 OWENS-ILLINOIS INC.              COM      690768403       1821     68338   SH       SOLE               68338         0       0
 PG^E CORP.                       COM      69331C108        572     12835   SH       SOLE               12835         0       0
 PNC FINANCIAL SERVICES GROUP     COM      693475105       2830     42558   SH       SOLE               42558         0       0
 PPG INDUSTRIES INC.              COM      693506107       1755     13103   SH       SOLE               13103         0       0
 PPL CORP.                        COM      69351T106       2110     67402   SH       SOLE               67402         0       0
 PVH CORP.                        COM      693656100        771      7220   SH       SOLE                7220         0       0
 PACKAGING CORP. OF AMERICA       COM      695156109        404      9000   SH       SOLE                9000         0       0
 PALL CORP.                       COM      696429307        447      6522   SH       SOLE                6522         0       0
 PARKER-HANNIFIN CORP.            COM      701094104       1246     13608   SH       SOLE               13608         0       0
 PATTERSON COMPANIES, INC.        COM      703395103       1965     51647   SH       SOLE               51647         0       0
 PATTERSON - UTI ENERGY, INC.     COM      703481101       1004     42100   SH       SOLE               42100         0       0
 PAYCHEX INC                      COM      704326107        456     12977   SH       SOLE               12977         0       0
 PEABODY ENERGY CORP.             COM      704549104       1952     92235   SH       SOLE               92235         0       0
 PENSKE AUTO GROUP INC            COM      70959W103        420     12600   SH       SOLE               12600         0       0
 PEOPLE'S UNITED FINANCIAL INC    COM      712704105        322     23910   SH       SOLE               23910         0       0
 PEPCO HOLDINGS INC.              COM      713291102        316     14799   SH       SOLE               14799         0       0
 PEPSICO INC.                     COM      713448108       8842    111775   SH       SOLE              111775         0       0
 PERKINELMER INC.                 COM      714046109        227      6740   SH       SOLE                6740         0       0
 PERRIGO COMPANY                  COM      714290103        231      1940   SH       SOLE                1940         0       0
 PETROBRAS ARGENTINA SA           ADR      71646J109        237     50000   SH       SOLE               50000         0       0
 PETSMART INC.                    COM      716768106       2142     34500   SH       SOLE               34500         0       0
 PFIZER INC.                      COM      717081103      16946    587200   SH       SOLE              587200         0       0
 PHILIP MORRIS INTERNATIONAL IN   COM      718172109       7854     84702   SH       SOLE               84702         0       0
 PHILLIPS 66                      COM      718546104       6807     97274   SH       SOLE               97274         0       0
 PIER 1 IMPORTS                   COM      720279108        336     14600   SH       SOLE               14600         0       0
 PINNACLE WEST CAPITAL CORP.      COM      723484101        503      8682   SH       SOLE                8682         0       0
 PITNEY BOWES INC.                COM      724479100       4023    270688   SH       SOLE              270688         0       0
 PLAINS EXPLORATION & PRODUCTIO   COM      726505100        246      5200   SH       SOLE                5200         0       0
 PLUM CREEK TIMBER CO. INC.       REIT     729251108        566     10836   SH       SOLE               10836         0       0
 POLARIS INDUSTRIES INC.          COM      731068102        213      2300   SH       SOLE                2300         0       0
 POOL CORPORATION                 COM      73278L105        538     11200   SH       SOLE               11200         0       0
 POPULAR INC.                     COM      733174700        561     20300   SH       SOLE               20300         0       0
 POST PROPERTIES INC.             REIT     737464107        409      8700   SH       SOLE                8700         0       0
 POWER-ONE, INC.                  COM      73930R102         49     11900   SH       SOLE               11900         0       0
 T ROWE PRICE GROUP, INC.         COM      74144T108       1138     15192   SH       SOLE               15192         0       0
 PRICELINE.COM INC.               COM      741503403       2249      3270   SH       SOLE                3270         0       0
 PRINCIPAL FINANCIAL GROUP, INC   COM      74251V102        965     28364   SH       SOLE               28364         0       0
 PROASSURANCE CORP.               COM      74267C106        539     11400   SH       SOLE               11400         0       0
 PROCTER & GAMBLE CO.             COM      742718109      18515    240260   SH       SOLE              240260         0       0
 PROGRESSIVE CORP., THE           COM      743315103        941     37248   SH       SOLE               37248         0       0
 PROGRESSIVE WASTE SOLUTIONS LT   COM      74339G101       2644    125000   SH       SOLE              125000         0       0
 PROLOGIS                         COM      74340W103        886     22165   SH       SOLE               22165         0       0
 PROSHARES ULTRASHORT RUSSELL20   ETF      74348A202       5142    260500   SH       SOLE              260500         0       0
 PROTECTIVE LIFE CORP.            COM      743674103        686     19166   SH       SOLE               19166         0       0
 PRUDENTIAL FINANCIAL, INC.       COM      744320102       1991     33762   SH       SOLE               33762         0       0
 PUBLIC SERVICE ENTERPRISE GROU   COM      744573106       1244     36233   SH       SOLE               36233         0       0
 PUBLIC STORAGE                   REIT     74460D109        946      6210   SH       SOLE                6210         0       0
 PULTEGROUP, INC.                 COM      745867101       2301    113639   SH       SOLE              113639         0       0
 QEP RESOURCES INC.               COM      74733V100        933     29287   SH       SOLE               29287         0       0
 QUALCOM, INC.                    COM      747525103       6653     99378   SH       SOLE               99378         0       0
 QUALITY DISTRIBUTION INC.        COM      74756M102      10895   1295400   SH       SOLE             1295400         0       0
 QUEST DIAGNOSTICS INC.           COM      74834L100       1098     19444   SH       SOLE               19444         0       0
 QUESTAR CORP.                    COM      748356102        209      8600   SH       SOLE                8600         0       0
 RPC, INC.                        COM      749660106       3787    249550   SH       SOLE              249550         0       0
 RALPH LAUREN CORPORATION         COM      751212101        463      2730   SH       SOLE                2730         0       0
 RANDGOLD RESOURCES LTD           ADR      752344309        926     10770   SH       SOLE               10770         0       0
 RAYMOND JAMES FINANCIAL, INC.    COM      754730109        258      5600   SH       SOLE                5600         0       0
 RAYONIER INC.                    REIT     754907103        398      6665   SH       SOLE                6665         0       0
 RAYTHEON CO.                     COM      755111507       2135     36313   SH       SOLE               36313         0       0
 REALOGY HOLDINGS CORP            COM      75605Y106        547     11200   SH       SOLE               11200         0       0
 REALTY INCOME CORP.              COM      756109104        281      6200   SH       SOLE                6200         0       0
 REGAL-BELOIT CORPORATION         COM      758750103        408      5000   SH       SOLE                5000         0       0
 REGAL ENTERTAINMENT GROUP        COM      758766109        281     16900   SH       SOLE               16900         0       0
 REGENCY CENTERS CORP.            REIT     758849103        291      5500   SH       SOLE                5500         0       0
 REGIONS FINANCIAL CORP.          COM      7591EP100       1383    168868   SH       SOLE              168868         0       0
 RELIANCE STEEL & ALUMINUM CO.    COM      759509102        711     10000   SH       SOLE               10000         0       0
 RENT-A-CENTER, INC.              COM      76009N100        247      6700   SH       SOLE                6700         0       0
 REPUBLIC SERVICES INC.           COM      760759100       3741    113389   SH       SOLE              113389         0       0
 RESMED INC.                      COM      761152107        468     10100   SH       SOLE               10100         0       0
 RESOLUTE FOREST PRODUCTS, INC.   COM      76117W109       1465     90574   SH       SOLE               90574         0       0
 RESOURCE CAPITAL CORPORATION     COM      76120W302        232     35000   SH       SOLE               35000         0       0
 REYNOLDS AMERICAN INC.           COM      761713106       1638     36842   SH       SOLE               36842         0       0
 RIO TINTO PLC                    ADR      767204100       2288     48600   SH       SOLE               48600         0       0
 ROBERT HALF INTERNATIONAL, INC   COM      770323103        236      6261   SH       SOLE                6261         0       0
 ROCK-TENN CO.                    COM      772739207      17743    191200   SH       SOLE              191200         0       0
 ROCKWELL AUTOMATION INC.         COM      773903109       1008     11669   SH       SOLE               11669         0       0
 ROCKWELL COLLINS INC.            COM      774341101        765     12125   SH       SOLE               12125         0       0
 ROGERS COMMUNICATIONS, INC.      COM      775109200        628     12292   SH       SOLE               12292         0       0
 ROPER INDUSTRIES INC.            COM      776696106       1994     15657   SH       SOLE               15657         0       0
 ROSS STORES INC.                 COM      778296103       1841     30368   SH       SOLE               30368         0       0
 ROVI CORPORATION                 COM      779376102        223     10400   SH       SOLE               10400         0       0
 ROYAL GOLD, INC.                 COM      780287108       1356     19100   SH       SOLE               19100         0       0
 RYDER SYSTEM INC.                COM      783549108        471      7886   SH       SOLE                7886         0       0
 SBA COMMUNICATIONS CORP.         COM      78388J106        480      6670   SH       SOLE                6670         0       0
 SAIC INC.                        COM      78390X101        355     26164   SH       SOLE               26164         0       0
 SL GREEN REALTY CORP.            REIT     78440X101        267      3100   SH       SOLE                3100         0       0
 SLM CORPORATION                  COM      78442P106        810     39509   SH       SOLE               39509         0       0
 SPDR GOLD TRUST                  ETF      78463V107        232      1500   SH       SOLE                1500         0       0
 SAFEWAY INC.                     COM      786514208       1250     47421   SH       SOLE               47421         0       0
 ST. JUDE MEDICAL INC.            COM      790849103       2088     51629   SH       SOLE               51629         0       0
 SALESFORCE.COM, INC.             COM      79466L302        688      3846   SH       SOLE                3846         0       0
 SALLY BEAUTY CO.                 COM      79546E104        206      7000   SH       SOLE                7000         0       0
 SCANA CORP.                      COM      80589M102        563     11020   SH       SOLE               11020         0       0
 HENRY SCHEIN, INC.               COM      806407102        268      2900   SH       SOLE                2900         0       0
 SCHLUMBERGER LTD.                COM      806857108       4648     62059   SH       SOLE               62059         0       0
 CHARLES SCHWAB CORP.             COM      808513105        899     50834   SH       SOLE               50834         0       0
 SCICLONE PHARMACEUTICALS INC     COM      80862K104         81     17700   SH       SOLE               17700         0       0
 SCRIPPS NETWORKS INTERACTIVE I   COM      811065101        399      6196   SH       SOLE                6196         0       0
 SELECT  SPDR CONSUMER            ETF      81369Y100        803     20500   SH       SOLE               20500         0       0
 SELECT  SPDR CONSUMER            ETF      81369Y209       1654     36000   SH       SOLE               36000         0       0
 SELECT  SPDR CONSUMER            COM      81369Y308       2469     62100   SH       SOLE               62100         0       0
 SELECT  SPDR CONSUMER            ETF      81369Y407        270      5100   SH       SOLE                5100         0       0
 SELECT  SPDR ENERGY SECTOR       ETF      81369Y506       2158     27200   SH       SOLE               27200         0       0
 SELECT SPDR FINANCIAL SECTOR     ETF      81369Y605       1788     98281   SH       SOLE               98281         0       0
 SELECT SPDR INDUSTRIAL SECTOR    ETF      81369Y704       1072     25700   SH       SOLE               25700         0       0
 SELECT SPDR TECHNOLOGY SECTOR    ETF      81369Y803       1871     61800   SH       SOLE               61800         0       0
 SELECT SPDR UTILITIES SECTOR     ETF      81369Y886       1363     34900   SH       SOLE               34900         0       0
 SEMPRA ENERGY                    COM      816851109        384      4804   SH       SOLE                4804         0       0
 SENIOR HOUSING PROPERTIES TRUS   REIT     81721M109        397     14800   SH       SOLE               14800         0       0
 SERVICE CORP. INTERNATIONAL      COM      817565104        318     19000   SH       SOLE               19000         0       0
 SHERWIN-WILLIAMS CO.             COM      824348106       1068      6320   SH       SOLE                6320         0       0
 SIBANYE GOLD LTD                 ADR      825724206         92     16300   SH       SOLE               16300         0       0
 SIGMA-ALDRICH CORP.              COM      826552101        370      4765   SH       SOLE                4765         0       0
 SIGNATURE BANK CORPORATION       COM      82669G104        260      3300   SH       SOLE                3300         0       0
 SILVER WHEATON CORPORATION       COM      828336107        332     10600   SH       SOLE               10600         0       0
 SIMON PROPERTY GROUP, INC        REIT     828806109       1318      8318   SH       SOLE                8318         0       0
 SIRIUS XM RADIO INC.             COM      82967N108        338    109800   SH       SOLE              109800         0       0
 SMITHFIELD FOODS INC.            COM      832248108        204      7700   SH       SOLE                7700         0       0
 J.M. SMUCKER CO. (THE)           COM      832696405       1716     17312   SH       SOLE               17312         0       0
 SNAP-ON INC.                     COM      833034101        576      6955   SH       SOLE                6955         0       0
 SOCIEDAD QUIMICA Y MINERA DE C   ADR      833635105        976     17600   SH       SOLE               17600         0       0
 SOLARWINDS INC                   COM      83416B109        272      4600   SH       SOLE                4600         0       0
 SOLECTRON CORPORATION            CONV     834182AL1       5440   8000000   PRN      SOLE             8000000         0       0
 SOLERA HOLDINGS INC.             COM      83421A104        222      3800   SH       SOLE                3800         0       0
 SONOCO PRODUCTS CO.              COM      835495102       3137     89667   SH       SOLE               89667         0       0
 SOUTHERN CO.                     COM      842587107       4228     90107   SH       SOLE               90107         0       0
 SOUTHERN COPPER CORP.            COM      84265V105       5970    158886   SH       SOLE              158886         0       0
 SOUTHWEST AIRLINES CO.           COM      844741108       4179    310049   SH       SOLE              310049         0       0
 SPECTRA ENERGY CORP              COM      847560109        493     16035   SH       SOLE               16035         0       0
 SPECTRASCIENCE, INC.             COM      84760E301          8    157715   SH       SOLE              157715         0       0
 SPRINT NEXTEL CORP.              COM      852061100       2172    349660   SH       SOLE              349660         0       0
 STANDARD PARKING CORP.           COM      853790103       5704    275600   SH       SOLE              275600         0       0
 STANLEY BLACK & DECKER INC.      COM      854502101        654      8081   SH       SOLE                8081         0       0
 STAPLES INC.                     COM      855030102        939     69848   SH       SOLE               69848         0       0
 STARBUCKS CORP.                  COM      855244109       1964     34472   SH       SOLE               34472         0       0
 STARZ - LIBERTY CAPITAL          COM      85571Q102        820     36995   SH       SOLE               36995         0       0
 STARWOOD HOTELS & RESORTS WORL   COM      85590A401        954     14975   SH       SOLE               14975         0       0
 STATE STREET CORP.               COM      857477103       3537     59861   SH       SOLE               59861         0       0
 STEEL DYNAMICS INC.              COM      858119100        545     34300   SH       SOLE               34300         0       0
 STERICYCLE, INC.                 COM      858912108        362      3414   SH       SOLE                3414         0       0
 STRYKER CORP.                    COM      863667101       1599     24509   SH       SOLE               24509         0       0
 SUNTRUST BANKS INC.              COM      867914103       2131     74000   SH       SOLE               74000         0       0
 SUPERIOR ENERGY SERVICES INC.    COM      868157108       5537    213200   SH       SOLE              213200         0       0
 SUPREME INDUSTRIES, INC.         COM      868607102       1405    302580   SH       SOLE              302580         0       0
 SYKES ENTERPRISES, INC.          COM      871237103        166     10400   SH       SOLE               10400         0       0
 SYMANTEC CORP.                   COM      871503108       2428     98334   SH       SOLE               98334         0       0
 SYNOPSIS, INC.                   COM      871607107        757     21100   SH       SOLE               21100         0       0
 SYNOVUS FINANCIAL CORP.          COM      87161C105        233     84200   SH       SOLE               84200         0       0
 SYNNEX CORP.                     COM      87162W100        270      7300   SH       SOLE                7300         0       0
 SYSCO CORP.                      COM      871829107        398     11300   SH       SOLE               11300         0       0
 TECO ENERGY INC.                 COM      872375100        198     11123   SH       SOLE               11123         0       0
 TCP CAPITAL CORP                 COM      87238Q103      25590   1603372   SH       SOLE             1603372         0       0
 TJX COMPANIES INC.               COM      872540109       4795    102566   SH       SOLE              102566         0       0
 TRW AUTOMOTIVE HOLDINGS CORP.    COM      87264S106        616     11190   SH       SOLE               11190         0       0
 TARGET CORP.                     COM      87612E106       2721     39753   SH       SOLE               39753         0       0
 TECH DATA CORP.                  COM      878237106        415      9100   SH       SOLE                9100         0       0
 TELECOM ARGENTINA SA             ADR      879273209        360     24800   SH       SOLE               24800         0       0
 TELEPHONE AND DATA SYSTEMS INC   COM      879433829        239     11353   SH       SOLE               11353         0       0
 TENET HEALTHCARE CORP.           COM      88033G407        781     16403   SH       SOLE               16403         0       0
 TERADYNE INC                     COM      880770102        215     13230   SH       SOLE               13230         0       0
 TEREX CORP.                      COM      880779103        416     12100   SH       SOLE               12100         0       0
 TESORO CORPORATION               COM      881609101       5157     88073   SH       SOLE               88073         0       0
 TEVA PHARMACEUTICAL IND LTD      COM      881624209        302      7600   SH       SOLE                7600         0       0
 TEXAS INSTRUMENTS INC.           COM      882508104       2621     73869   SH       SOLE               73869         0       0
 TEXTRON INC.                     COM      883203101       2460     82557   SH       SOLE               82557         0       0
 THERMO FISHER SCIENTIFIC INC.    COM      883556102       2130     27854   SH       SOLE               27854         0       0
 THOMSON REUTERS CORP.            COM      884903105        247      7600   SH       SOLE                7600         0       0
 THOR INDUSTRIES, INC.            COM      885160101        283      7700   SH       SOLE                7700         0       0
 THORATEC CORPORATION             COM      885175307        263      7000   SH       SOLE                7000         0       0
 3M CO.                           COM      88579Y101       5634     52987   SH       SOLE               52987         0       0
 TIME WARNER INC.                 COM      887317303       5722     99300   SH       SOLE               99300         0       0
 TIME WARNER CABLE INC.           COM      88732J207       2526     26294   SH       SOLE               26294         0       0
 TIMKEN COMPANY, THE              COM      887389104        899     15900   SH       SOLE               15900         0       0
 TORCHMARK CORP.                  COM      891027104        548      9153   SH       SOLE                9153         0       0
 TOTAL FINA ELF SA                COM      89151E109       2812     58600   SH       SOLE               58600         0       0
 TOTAL SYSTEM SERVICES INC.       COM      891906109        463     18628   SH       SOLE               18628         0       0
 TRANSDIGM GROUP INCORPORATED     COM      893641100        248      1620   SH       SOLE                1620         0       0
 TRAVELERS COMPANIES, INC., THE   COM      89417E109       3487     41425   SH       SOLE               41425         0       0
 TRIUMPH GROUP, INC.              COM      896818101       1351     17200   SH       SOLE               17200         0       0
 TYSON FOODS INC.                 COM      902494103       1502     60521   SH       SOLE               60521         0       0
 UGI CORPORATION                  COM      902681105        288      7488   SH       SOLE                7488         0       0
 U.S. BANCORP                     COM      902973304       4645    136899   SH       SOLE              136899         0       0
 URS CORPORATION                  COM      903236107        294      6200   SH       SOLE                6200         0       0
 USANA HEALTH SCIENCES            COM      90328M107        246      5100   SH       SOLE                5100         0       0
 USA MOBILITY, INC.               COM      90341G103        149     11200   SH       SOLE               11200         0       0
 U S AIRWAYS GROUP, INC.          COM      90341W108        246     14500   SH       SOLE               14500         0       0
 ULTRAPAR PARTICIPACOES SA        ADR      90400P101       1612     63500   SH       SOLE               63500         0       0
 UNION PACIFIC CORP.              COM      907818108      10752     75496   SH       SOLE               75496         0       0
 UNITED CONTINENTAL HOLDINGS IN   COM      910047109        367     11455   SH       SOLE               11455         0       0
 UNITED PARCEL SERVICE INC.       COM      911312106       2263     26345   SH       SOLE               26345         0       0
 UNITED RENTALS INC.              COM      911363109        396      7200   SH       SOLE                7200         0       0
 UNITED STATES STEEL CORP.        COM      912909108        746     38271   SH       SOLE               38271         0       0
 UNITED TECHNOLOGIES CORP.        COM      913017109       5377     57552   SH       SOLE               57552         0       0
 UNITED THERAPEUTICS CORP         COM      91307C102        359      5900   SH       SOLE                5900         0       0
 UNITEDHEALTH GROUP INCORPORATE   COM      91324P102       5689     99445   SH       SOLE               99445         0       0
 UNIVERSAL HEALTH SERVICES INC.   COM      913903100        467      7300   SH       SOLE                7300         0       0
 UNUM GROUP                       COM      91529Y106       1227     43406   SH       SOLE               43406         0       0
 URBAN OUTFITTERS, INC.           COM      917047102        435     11260   SH       SOLE               11260         0       0
 VF CORP.                         COM      918204108       1047      6240   SH       SOLE                6240         0       0
 VOXX INTERNATIONAL CORP          COM      91829F104        162     15100   SH       SOLE               15100         0       0
 VALE SA                          ADR      91912E105       1900    109900   SH       SOLE              109900         0       0
 VALERO ENERGY CORP.              COM      91913Y100       3836     84321   SH       SOLE               84321         0       0
 VALLEY NATIONAL BANCORP          COM      919794107        159     15546   SH       SOLE               15546         0       0
 VALSPAR CORP.                    COM      920355104        218      3500   SH       SOLE                3500         0       0
 VANGUARD MSCI EAFE ETF           ETF      921943858       2726     74840   SH       SOLE               74840         0       0
 VANGUARD FTSE EMERGING MARKETS   ETF      922042858       1321     30800   SH       SOLE               30800         0       0
 VANTIV INC                       COM      92210H105        240     10100   SH       SOLE               10100         0       0
 VARIAN MEDICAL SYSTEMS, INC.     COM      92220P105        279      3871   SH       SOLE                3871         0       0
 VENTAS INC.                      REIT     92276F100        714      9761   SH       SOLE                9761         0       0
 VANGUARD VALUE ETF               ETF      922908744       6488     98900   SH       SOLE               98900         0       0
 VERISIGN, INC.                   COM      92343E102       2104     44520   SH       SOLE               44520         0       0
 VERIZON COMMUNICATIONS INC.      COM      92343V104       7775    158187   SH       SOLE              158187         0       0
 VERTIS HOLDINGS INC.             COM      92535B205          0     70450   SH       SOLE               70450         0       0
 VIACOM INC.                      COM      92553P201       2992     48600   SH       SOLE               48600         0       0
 VIRGIN MEDIA INC.                COM      92769L101        754     15400   SH       SOLE               15400         0       0
 VISA INC.                        COM      92826C839       7742     45578   SH       SOLE               45578         0       0
 VISHAY INTERTECHNOLOGY INC.      COM      928298108        435     32000   SH       SOLE               32000         0       0
 VISTEON CORP.                    COM      92839U206        202      3500   SH       SOLE                3500         0       0
 VORNADO REALTY TRUST             REIT     929042109        844     10105   SH       SOLE               10105         0       0
 VORNADO REALTY LP                CONV     929043AC1       1001   1000000   PRN      SOLE             1000000         0       0
 VULCAN MATERIALS CO.             COM      929160109       1255     24263   SH       SOLE               24263         0       0
 W T OFFSHORE INC                 COM      92922P106        731     51500   SH       SOLE               51500         0       0
 WABTEC CORPORATION               COM      929740108       1327     13000   SH       SOLE               13000         0       0
 WADDELL & REED FINANCIAL INC.    COM      930059100        385      8800   SH       SOLE                8800         0       0
 WAL-MART STORES INC.             COM      931142103       8166    109115   SH       SOLE              109115         0       0
 WALGREEN CO.                     COM      931422109       3190     66863   SH       SOLE               66863         0       0
 WALTER ENERGY INC                COM      93317Q105        445     15600   SH       SOLE               15600         0       0
 WASHINGTON POST CO.              COM      939640108        949      2122   SH       SOLE                2122         0       0
 WASTE MANAGEMENT INC.            COM      94106L109        373      9539   SH       SOLE                9539         0       0
 WATERS CORPORATION               COM      941848103        396      4200   SH       SOLE                4200         0       0
 WEINGARTEN REALTY INVESTORS      REIT     948741103        205      6500   SH       SOLE                6500         0       0
 WELLPOINT INC.                   COM      94973V107       1968     29714   SH       SOLE               29714         0       0
 WELLS FARGO & CO.                COM      949746101      16252    439380   SH       SOLE              439380         0       0
 WESTERN DIGITAL CORPORATION      COM      958102105       3404     67683   SH       SOLE               67683         0       0
 WESTERN REFINING, INC.           COM      959319104        563     15900   SH       SOLE               15900         0       0
 WESTERN UNION COMPANY, THE       COM      959802109       1364     90715   SH       SOLE               90715         0       0
 WESTLAKE CHEMICAL CORP.          COM      960413102       1196     12800   SH       SOLE               12800         0       0
 WEYERHAEUSER CO.                 COM      962166104       1414     45044   SH       SOLE               45044         0       0
 WHIRLPOOL CORP.                  COM      963320106       1453     12267   SH       SOLE               12267         0       0
 WHOLE FOODS MARKET INC.          COM      966837106        482      5561   SH       SOLE                5561         0       0
 JOHN WILEY & SONS, INC.          COM      968223206        658     16900   SH       SOLE               16900         0       0
 WILLIAMS COMPANIES INC., THE     COM      969457100        242      6481   SH       SOLE                6481         0       0
 WINDSTREAM CORP.                 COM      97381W104        258     32351   SH       SOLE               32351         0       0
 WISCONSIN ENERGY CORP.           COM      976657106        591     13782   SH       SOLE               13782         0       0
 WORLD ACCEPTANCE CORP            COM      981419104        215      2500   SH       SOLE                2500         0       0
 WORLD FUEL SERVICES CORP.        COM      981475106        349      8800   SH       SOLE                8800         0       0
 WORTHINGTON INDUSTRIES, INC.     COM      981811102       3473    112100   SH       SOLE              112100         0       0
 WYNDHAM WORLDWIDE CORP.          COM      98310W108       1266     19631   SH       SOLE               19631         0       0
 WYNN LAS VEGAS LLC               REIT     983134107        777      6217   SH       SOLE                6217         0       0
 XCEL ENERGY INC.                 COM      98389B100       1135     38229   SH       SOLE               38229         0       0
 XILINX INC.                      COM      983919101        707     18527   SH       SOLE               18527         0       0
 XEROX CORP.                      COM      984121103       2305    267882   SH       SOLE              267882         0       0
 XYLEM INC.                       COM      98419M100        255      9256   SH       SOLE                9256         0       0
 YAHOO! INC.                      COM      984332106       1858     78963   SH       SOLE               78963         0       0
 YUM! BRANDS INC.                 COM      988498101        512      7111   SH       SOLE                7111         0       0
 ZEBRA TECHNOLOGIES CORP.         COM      989207105        921     19550   SH       SOLE               19550         0       0
 ZIMMER HOLDINGS INC.             COM      98956P102       1567     20839   SH       SOLE               20839         0       0
 ZIONS BANCORPORATION             COM      989701107        565     22626   SH       SOLE               22626         0       0
 XSTRATA CAPITAL CORPORATION A.   CONV     EG3053709      17733  17733000   PRN      SOLE            17733000         0       0
 MELCO CROWN SPV LTD              CONV     EG6839385      17562  17142857   PRN      SOLE            17142857         0       0
 AON PLC                          COM      G0408V102       1380     22452   SH       SOLE               22452         0       0
 ARCH CAPITAL GROUP LTD.          COM      G0450A105        800     15200   SH       SOLE               15200         0       0
 ASPEN INSURANCE HOLDINGS LTD.    COM      G05384105        737     19100   SH       SOLE               19100         0       0
 ASSURED GUARANTY, LTD.           COM      G0585R106        289     14000   SH       SOLE               14000         0       0
 AXIS CAPITAL HOLDINGS LTD.       COM      G0692U109        483     11600   SH       SOLE               11600         0       0
 ACCENTURE PLC                    COM      G1151C101       3822     50300   SH       SOLE               50300         0       0
 BUNGE LTD.                       COM      G16962105       2208     29900   SH       SOLE               29900         0       0
 COVIDIEN PLC                     COM      G2554F113       2510     37000   SH       SOLE               37000         0       0
 DELPHI AUTOMOTIVE PLC            COM      G27823106        946     21300   SH       SOLE               21300         0       0
 ENDURANCE SPECIALTY HOLDINGS L   COM      G30397106        770     16100   SH       SOLE               16100         0       0
 ENSCO PLC                        COM      G3157S106       1524     25400   SH       SOLE               25400         0       0
 EVEREST RE GROUP LTD.            COM      G3223R108        688      5300   SH       SOLE                5300         0       0
 FREESCALE SEMICONDUCTOR HOLDIN   COM      G3727Q101        492     33000   SH       SOLE               33000         0       0
 GENPACT LIMITED                  COM      G3922B107        242     13300   SH       SOLE               13300         0       0
 HERBALIFE LTD.                   COM      G4412G101        445     11880   SH       SOLE               11880         0       0
 INGERSOLL-RAND PLC               COM      G47791101       1674     30400   SH       SOLE               30400         0       0
 INVESCO LTD.                     COM      G491BT108        675     23335   SH       SOLE               23335         0       0
 LAZARD LTD.                      COM      G54050102        478     14000   SH       SOLE               14000         0       0
 MARVELL TECHNOLOGY GROUP, LTD    COM      G5876H105        287     27200   SH       SOLE               27200         0       0
 MONTPELIER RE HOLDINGS LTD       COM      G62185106        227      8700   SH       SOLE                8700         0       0
 NABORS INDUSTRIES LTD            COM      G6359F103       1120     69064   SH       SOLE               69064         0       0
 PARTNERRE LTD.                   COM      G6852T105       1043     11200   SH       SOLE               11200         0       0
 SEAGATE TECHNOLOGY               COM      G7945M107       2640     72200   SH       SOLE               72200         0       0
 SIGNET JEWELERS LTD              COM      G81276100        228      3400   SH       SOLE                3400         0       0
 VALIDUS HOLDINGS LTD.            COM      G9319H102        597     15957   SH       SOLE               15957         0       0
 VANTAGE DRILLING COMPANY         COM      G93205113      11920   6811000   SH       SOLE             6811000         0       0
 WARNER CHILCOTT PLC              COM      G94368100        248     18300   SH       SOLE               18300         0       0
 WHITE MOUNTAINS INSURANCE GROU   COM      G9618E107        253       447   SH       SOLE                 447         0       0
 XYRATEX LTD                      COM      G98268108        119     12000   SH       SOLE               12000         0       0
 XLIT LTD.                        COM      G98290102       2540     83835   SH       SOLE               83835         0       0
 ACE LTD.                         COM      H0023R105       2198     24700   SH       SOLE               24700         0       0
 ALLIED WORLD ASSURANCE COMPANY   COM      H01531104       1641     17700   SH       SOLE               17700         0       0
 GARMIN LTD                       COM      H2906T109        656     19840   SH       SOLE               19840         0       0
 NOBLE CORPORATION                COM      H5833N103        255      6700   SH       SOLE                6700         0       0
 TYCO INTERNATIONAL LTD.          COM      H89128104        891     27800   SH       SOLE               27800         0       0
 TE CONNECTIVITY LTD.             COM      H8912P106        494     11800   SH       SOLE               11800         0       0
 CNH GLOBAL N.V.                  COM      N20935206        223      5400   SH       SOLE                5400         0       0
 LYONDELLBASELL INDUSTRIES N.V.   COM      N53745100       7691    121524   SH       SOLE              121524         0       0
 QIAGEN N.V.                      COM      NL0000249        268     12700   SH       SOLE               12700         0       0
 COPA HOLDINGS SA                 COM      P31076105       2230     18640   SH       SOLE               18640         0       0
 AVAGO TECHNOLOGIES LTD           COM      Y0486S104        205      5700   SH       SOLE                5700         0       0
 OCEAN RIG UDW INC.               COM      Y64354205       6077    377277   SH       SOLE              377277         0       0