Southpaw Asset Management

Southpaw Asset Management as of Dec. 31, 2010

Portfolio Holdings for Southpaw Asset Management

Southpaw Asset Management holds 19 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Kinross Gold Corp note 1.750% 3/1 13.4 $34M 33M 1.03
Arvinmeritor Inc frnt 4.000% 2/1 11.1 $28M 25M 1.10
Mcmoran Exploration Co. Cv. Sr conv 10.8 $27M 23M 1.18
Symantec Corp note 0.750% 6/1 9.8 $25M 24M 1.04
United Rentals North Amer In note 1.875%10/1 9.3 $23M 22M 1.05
Intel Corp sdcv 4.7 $12M 12M 1.00
General Mtrs Co jr pfd cnv srb 4.7 $12M 215k 54.11
Barnes Group Inc note 3.750% 8/0 4.2 $11M 10M 1.06
Micron Technology Inc note 1.875% 6/0 3.9 $9.8M 11M 0.94
Arvinmeritor Inc frnt 4.625% 3/0 3.9 $9.8M 7.8M 1.26
D R Horton Inc note 2.000% 5/1 3.6 $9.1M 8.0M 1.13
Annaly Cap Mgmt Inc note 4.000% 2/1 3.6 $9.1M 7.8M 1.16
Mentor Graphics Corp sdcv 6.250% 3/0 3.1 $7.7M 7.5M 1.03
Hornbeck Offshore Svcs Inc N frnt 1.625%11/1 3.0 $7.4M 8.1M 0.92
Time Warner Telecom Inc dbcv 2.375% 4/0 2.7 $6.8M 6.1M 1.11
Interpublic Group Cos Inc note 4.250% 3/1 2.7 $6.7M 6.0M 1.11
Sesi L L C frnt 1.500%12/1 2.1 $5.2M 5.1M 1.01
Valero Energy Corporation (VLO) 1.9 $4.6M 200k 23.12
Navistar Intl Corp New note 3.000%10/1 1.6 $4.0M 3.0M 1.33