Horizon Global Advisers

Horizon Global Advisers as of March 31, 2011

Portfolio Holdings for Horizon Global Advisers

Horizon Global Advisers holds 86 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Leucadia National 7.2 $14M 367k 37.54
Sears Holdings Corporation 6.3 $12M 146k 82.65
AutoNation (AN) 5.9 $11M 322k 35.37
Jarden Corporation 5.6 $11M 303k 35.57
Brookfield Asset Management 5.5 $11M 327k 32.46
Las Vegas Sands (LVS) 5.5 $11M 248k 42.22
Forest City Enterprises 4.2 $8.0M 424k 18.83
Liberty Media 3.5 $6.7M 91k 73.67
Loews Corporation (L) 3.3 $6.2M 145k 43.08
General Growth Properties 3.1 $5.9M 378k 15.48
Howard Hughes 3.0 $5.7M 80k 70.64
Virtus Investment Partners (VRTS) 2.5 $4.8M 82k 58.91
Imperial Oil (IMO) 2.3 $4.4M 87k 51.07
Icahn Enterprises (IEP) 1.9 $3.7M 94k 39.95
Wynn Resorts (WYNN) 1.8 $3.5M 28k 127.14
Cenovus Energy (CVE) 1.7 $3.3M 83k 39.38
Canadian Natural Resources (CNQ) 1.6 $3.1M 63k 49.43
Grupo Televisa (TV) 1.6 $3.1M 127k 24.53
Cnooc 1.6 $3.1M 12k 252.96
MasterCard Incorporated (MA) 1.5 $3.0M 12k 251.64
Berkshire Hathaway (BRK.A) 1.4 $2.8M 22.00 125272.73
Greenlight Capital Re Ltd cl a (GLRE) 1.4 $2.6M 92k 28.20
Vornado Realty Trust (VNO) 1.3 $2.5M 29k 87.49
Nasdaq Omx (NDAQ) 1.3 $2.5M 97k 25.83
Cme (CME) 1.2 $2.4M 7.9k 301.46
Liberty Media 1.2 $2.2M 29k 77.58
ICICI Bank (IBN) 1.1 $2.2M 44k 49.82
DreamWorks Animation SKG 1.1 $2.2M 78k 27.92
U.S. Gold Corporation 1.1 $2.0M 229k 8.83
Carnival Corporation (CCL) 1.1 $2.0M 52k 38.36
AutoZone (AZO) 0.9 $1.8M 6.7k 273.52
SPDR S&P China (GXC) 0.9 $1.8M 22k 80.31
Ascent Media Corporation 0.8 $1.5M 30k 48.82
CB Richard Ellis 0.7 $1.3M 50k 26.70
Suncor Energy (SU) 0.6 $1.2M 27k 44.82
Silver Wheaton Corp 0.6 $1.1M 26k 43.33
Eaton Vance Senior Floating Rate Fund (EFR) 0.6 $1.1M 70k 16.44
ING Prime Rate Trust 0.6 $1.1M 189k 6.02
Invesco Van Kampen Senior Income Trust (VVR) 0.5 $988k 193k 5.13
Eaton Vance Floating-Rate Income Trust (EFT) 0.5 $982k 60k 16.48
Pimco Income Strategy Fund II (PFN) 0.5 $953k 91k 10.42
Berkshire Hathaway (BRK.B) 0.5 $911k 11k 83.58
Invesco Van Kampen Dyn Cr Opp Fund 0.5 $904k 69k 13.17
PCM Fund (PCM) 0.5 $872k 80k 10.96
PIMCO Income Opportunity Fund 0.5 $878k 32k 27.40
WisdomTree India Earnings Fund (EPI) 0.4 $845k 34k 24.78
Eaton Vance Limited Duration Income Fund (EVV) 0.4 $843k 53k 15.98
First Trust/Four Corners SFRI Fund II (FCT) 0.4 $840k 57k 14.85
Nuveen Floating Rate Income Fund (JFR) 0.4 $795k 65k 12.33
BlackRock Floating Rate Income Strat. Fn (FRA) 0.4 $785k 50k 15.58
Blackrock Fl Rate Ome Stra I 0.4 $695k 49k 14.12
Eaton Vance Senior Income Trust (EVF) 0.3 $673k 93k 7.27
iShares FTSE/Xinhua China 25 Index (FXI) 0.3 $648k 14k 44.91
Pimco Income Strategy Fund (PFL) 0.3 $647k 54k 11.96
Nuveen Senior Income Fund 0.3 $642k 84k 7.60
Nuveen Mult Curr St Gv Incm 0.3 $641k 46k 13.94
BOK Financial Corporation (BOKF) 0.3 $590k 11k 51.61
NYSE Euronext 0.3 $583k 17k 35.13
Pioneer Floating Rate Trust (PHD) 0.3 $578k 43k 13.34
First Trust ISE Revere Natural Gas 0.3 $513k 22k 23.32
Nuveen Fltng Rte Incm Opp 0.3 $504k 41k 12.25
Market Vectors Gaming 0.2 $432k 13k 32.17
Claymore/AlphaShares China Real Est ETF 0.2 $366k 19k 19.68
BlackRock Floating Rate Income Trust (BGT) 0.2 $370k 25k 14.91
AllianceBernstein Global Hgh Incm (AWF) 0.1 $278k 19k 14.87
BlackRock Senior High Income Fund 0.1 $262k 64k 4.12
Nuveen Div. Advantage Muni. Fund (NAD) 0.1 $271k 21k 12.65
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.1 $276k 21k 13.17
LMP Corporate Loan Fund 0.1 $253k 20k 12.40
Dreyfus Strategic Muni. 0.1 $252k 31k 8.03
Pioneer Municipal High Income Trust (MHI) 0.1 $250k 19k 12.99
Putnam Managed Municipal Income Trust (PMM) 0.1 $249k 36k 6.88
Nuveen California Select Qlty Mun Inc Fu 0.1 $242k 19k 12.91
Market Vectors High Yield Muni. Ind 0.1 $224k 7.9k 28.32
MFS Municipal Income Trust (MFM) 0.1 $223k 35k 6.38
Pioneer Municipal High Income Advantage (MAV) 0.1 $228k 18k 12.61
Templeton Emerging Markets Income Fund (TEI) 0.1 $213k 13k 16.64
Invesco Municipal Income Opp Trust (OIA) 0.1 $202k 34k 6.03
MFS High Income Municipal Trust (CXE) 0.1 $213k 45k 4.69
Eaton Vance Cali Muni Bnd Fnd (EVM) 0.1 $210k 20k 10.31
Nuveen Performance Plus Municipal Fund 0.1 $195k 15k 13.36
Invesco Municipal Inc Opp Trust III 0.1 $190k 26k 7.19
Invesco Municipal Inc Opp Trust II (OIB) 0.1 $195k 30k 6.56
MFS High Yield Municipal Trust (CMU) 0.1 $177k 42k 4.22
Nuveen Insured CA Premium Inc Fd II 0.1 $164k 13k 12.36
Nuveen Premium Income Muni Fd 4 0.1 $149k 13k 11.51