Seneca Capital Investments

- --- -------------------- ----- as of Dec. 31, 2010

Portfolio Holdings for - --- -------------------- -----

- --- -------------------- ----- holds 74 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
General Mtrs Co jr pfd cnv srb 29.8 $306M 5.6k 54109.93
Dynegy 8.0 $82M 15M 5.62
St. Joe Company (JOE) 5.4 $56M 2.6M 21.85
Genon Energy 3.3 $34M 8.8M 3.81
Suno 2.4 $25M 610k 40.31
Penn Virginia Corporation 2.3 $24M 1.4M 16.82
Chemtura Corporation 2.2 $23M 1.4M 15.98
Cit 2.2 $22M 475k 47.10
Genworth Financial (GNW) 2.2 $22M 1.7M 13.14
Verigy 2.0 $21M 1.6M 13.02
Directv 1.9 $20M 500k 39.94
Industries N shs - a - (LYB) 1.8 $18M 520k 34.40
Apple (AAPL) 1.7 $18M 55k 322.41
Pfizer (PFE) 1.7 $18M 1.0M 17.51
Six Flags Entertainment (SIX) 1.6 $17M 307k 54.40
Williams Companies (WMB) 1.6 $16M 651k 24.72
Via 1.6 $16M 400k 39.61
Murphy Oil Corporation (MUR) 1.5 $16M 210k 74.55
Liberty Media 1.4 $15M 220k 66.48
Solutia 1.4 $14M 625k 23.08
Usec Inc note 3.000%10/0 1.3 $14M 15M 0.90
NCR Corporation (VYX) 1.3 $13M 860k 15.37
CareFusion Corporation 1.2 $13M 500k 25.70
Mi Devs Inc cl a sub vtg 1.2 $12M 452k 27.10
CF Industries Holdings (CF) 1.2 $12M 88k 135.16
Motorola 1.1 $12M 1.3M 9.07
Citi 1.1 $11M 2.4M 4.73
Massey Energy Company 1.1 $11M 210k 53.64
Genzyme Corporation 1.0 $11M 150k 71.20
Hess (HES) 1.0 $11M 138k 76.54
Noranda Aluminum Holding Corporation 1.0 $10M 707k 14.60
Smurfit-stone Container Corp 1.0 $9.9M 385k 25.60
Huntsman Corporation (HUN) 0.8 $8.6M 550k 15.61
Seadrill 0.8 $8.6M 255k 33.92
ROYAL BK SCOTLAND Group Plc sp adr pref t 0.8 $8.5M 527k 16.16
Flagstar Ban 0.8 $8.2M 5.1M 1.63
Airgas 0.6 $6.2M 100k 62.48
Cloud Peak Energy 0.6 $5.9M 252k 23.23
United States Oil Fund 0.6 $5.6M 144k 39.00
BPZ Resources 0.5 $5.5M 1.2M 4.76
Ltx Credence Corporation 0.5 $4.8M 650k 7.40
Atlas Energy 0.4 $4.4M 100k 43.95
JPMorgan Chase & Co. (JPM) 0.4 $4.2M 100k 42.44
Hansen Natural Corporation 0.4 $4.2M 80k 52.29
Puda Coal (PUDA) 0.4 $4.1M 290k 14.25
Covanta Holding Corporation 0.4 $3.9M 229k 17.19
LDK Solar 0.3 $2.9M 292k 10.12
Allis-Chalmers Energy 0.3 $3.0M 419k 7.09
Toreador Resources Corporation 0.2 $2.3M 150k 15.52
Usec 0.2 $2.3M 380k 6.02
Cheniere Energy (LNG) 0.2 $2.1M 377k 5.52
Ford Motor Company (F) 0.2 $1.6M 95k 16.79
Bristow 0.2 $1.7M 35k 47.36
Royal Bk Scotland Group Plc adr pref shs r 0.1 $1.4M 95k 14.58
Computer Sciences Corporation 0.1 $888k 18k 49.61
General Motors Company (GM) 0.1 $833k 23k 36.86
Ciena Corp note 0.250% 5/0 0.0 $261k 281k 0.93
Verifone Sys Inc note 1.375% 6/1 0.0 $259k 240k 1.08
EMC Corporation 0.0 $337k 15k 22.93
First Industrial Realty Trust (FR) 0.0 $339k 39k 8.76
Sandisk Corp note 1.000% 5/1 0.0 $198k 202k 0.98
Belo 0.0 $224k 32k 7.08
Pmi Group 0.0 $211k 64k 3.30
Radian (RDN) 0.0 $244k 30k 8.07
Wendy's Arby's 0.0 $173k 37k 4.63
Hologic Inc frnt 2.000%12/1 0.0 $76k 80k 0.95
Nii Hldgs Inc note 3.125% 6/1 0.0 $79k 80k 0.99
Level 3 Communications 0.0 $140k 143k 0.98
McClatchy Company 0.0 $60k 13k 4.66
Rite Aid Corporation 0.0 $76k 86k 0.88
Developers Diversified Rlty note 1.750%11/1 0.0 $120k 113k 1.06
Parker Drilling Company 0.0 $48k 10k 4.62
Boise Inc *w exp 06/18/201 0.0 $17k 22k 0.76
China Hydroelectric Corporat w exp 01/25/201 0.0 $5.0k 17k 0.29