Clough Capital Partners

--- --------------------- ---------------------- as of Dec. 31, 2011

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

--- --------------------- ---------------------- holds 173 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 500 Index (IVV) 24.1 $855M 680k 1257.60
Caterpillar (CAT) 2.7 $95M 1.0M 90.60
Microsoft Corporation (MSFT) 2.6 $94M 3.6M 25.96
Apple (AAPL) 2.2 $80M 196k 405.00
Goodyear Tire & Rubber Company (GT) 2.2 $78M 5.5M 14.17
National Grid 2.1 $74M 1.5M 48.48
Ares Capital Corporation (ARCC) 1.5 $55M 3.5M 15.45
TransDigm Group Incorporated (TDG) 1.3 $45M 470k 95.68
Solar Cap (SLRC) 1.1 $41M 1.8M 22.09
Golar Lng (GLNG) 1.1 $40M 901k 44.45
Arrow Electronics (ARW) 1.1 $38M 1.0M 37.41
Sanofi-Aventis SA (SNY) 1.1 $38M 1.0M 36.54
American Capital Agency 1.1 $37M 1.3M 28.08
American Electric Power Company (AEP) 1.0 $36M 859k 41.31
Halliburton Company (HAL) 1.0 $34M 990k 34.51
National-Oilwell Var 0.9 $34M 499k 67.99
Dominion Resources (D) 0.9 $32M 609k 53.08
Liberty Media 0.9 $32M 1.9M 16.22
Capstead Mortgage Corporation 0.9 $32M 2.5M 12.44
Citigroup (C) 0.9 $32M 1.2M 26.31
Anadarko Petroleum Corporation 0.8 $30M 391k 76.33
PPL Corporation (PPL) 0.8 $29M 994k 29.42
Avnet (AVT) 0.8 $29M 930k 31.09
Oil Service HOLDRs 0.8 $28M 240k 114.88
Hldgs (UAL) 0.8 $28M 1.5M 18.87
MasterCard Incorporated (MA) 0.8 $27M 74k 372.82
Liberty Media Corp lcpad 0.8 $27M 349k 78.05
Northeast Utilities System 0.8 $27M 741k 36.07
Google 0.8 $27M 42k 645.91
H&R Block (HRB) 0.7 $26M 1.6M 16.33
Royal Dutch Shell 0.7 $26M 354k 73.09
Delta Air Lines (DAL) 0.7 $26M 3.2M 8.09
NiSource (NI) 0.7 $26M 1.1M 23.81
Visa (V) 0.7 $26M 253k 101.53
Cameron International Corporation 0.7 $26M 522k 49.19
Xerox Corporation 0.7 $24M 3.0M 7.96
SanDisk Corporation 0.7 $24M 494k 49.21
Hatteras Financial 0.7 $24M 919k 26.37
CMS Energy Corporation (CMS) 0.7 $24M 1.1M 22.08
News Corporation 0.7 $24M 1.3M 17.84
Hess (HES) 0.7 $24M 413k 56.80
Owens-Illinois 0.7 $24M 1.2M 19.38
PennantPark Investment (PNNT) 0.7 $23M 2.3M 10.10
CBS Corporation 0.6 $23M 839k 27.14
Ens 0.6 $22M 476k 46.92
Superior Energy Services 0.6 $22M 784k 28.44
InterOil Corporation 0.6 $22M 434k 51.13
Sensata Technologies Hldg Bv 0.6 $22M 843k 26.28
FirstEnergy (FE) 0.6 $22M 487k 44.30
Oil States International (OIS) 0.6 $22M 281k 76.37
ViaSat (VSAT) 0.6 $21M 456k 46.12
SPDR Gold Trust (GLD) 0.6 $20M 130k 151.99
Oge Energy Corp (OGE) 0.6 $20M 345k 56.71
Goldcorp 0.5 $19M 436k 44.25
Edison International (EIX) 0.5 $19M 461k 41.40
Bank of America Corporation (BAC) 0.5 $19M 3.4M 5.56
Morgan Stanley (MS) 0.5 $19M 1.2M 15.13
DTE Energy Company (DTE) 0.5 $19M 344k 54.45
eBay (EBAY) 0.5 $19M 611k 30.33
Nike (NKE) 0.5 $18M 187k 96.37
CenterPoint Energy (CNP) 0.5 $18M 896k 20.42
Marathon Petroleum Corp (MPC) 0.5 $18M 550k 33.29
Orient-exp Htls 0.5 $18M 2.4M 7.47
Tenaris (TS) 0.5 $18M 469k 37.18
Verisk Analytics (VRSK) 0.5 $17M 414k 40.13
Hornbeck Offshore Services 0.5 $17M 542k 31.02
Dresser-Rand 0.5 $17M 338k 49.91
Focus Media Holding 0.5 $17M 848k 19.49
Copa Holdings Sa-class A (CPA) 0.5 $16M 279k 58.67
Te Connectivity Ltd for 0.5 $16M 522k 30.81
BP (BP) 0.4 $16M 362k 42.74
Micron Technology (MU) 0.4 $16M 2.5M 6.29
American Express Company (AXP) 0.4 $15M 307k 47.17
Pioneer Natural Resources 0.4 $15M 165k 89.48
Ingram Micro 0.4 $15M 796k 18.19
Quicksilver Resources 0.4 $14M 2.1M 6.71
Calpine Corporation 0.4 $14M 870k 16.33
Wesco Aircraft Holdings 0.4 $14M 1.0M 13.99
Directv 0.4 $14M 327k 42.76
Pinnacle West Capital Corporation (PNW) 0.4 $14M 281k 48.18
Goldman Sachs (GS) 0.4 $13M 146k 90.43
M&T Bank Corporation (MTB) 0.4 $13M 174k 76.34
Via 0.4 $13M 290k 45.41
Lamar Advertising Company 0.4 $13M 475k 27.50
Forest Oil Corporation 0.3 $12M 909k 13.55
MGM Resorts International. (MGM) 0.3 $13M 1.2M 10.43
Valassis Communications 0.3 $12M 629k 19.23
Seagate Technology Com Stk 0.3 $12M 737k 16.40
Energy Xxi 0.3 $12M 369k 31.88
Barrick Gold Corp (GOLD) 0.3 $9.8M 217k 45.25
Solar Senior Capital 0.3 $10M 640k 15.75
Xcel Energy (XEL) 0.3 $9.6M 348k 27.64
Golub Capital BDC (GBDC) 0.3 $9.5M 610k 15.50
Goodyear Tire Rubr Pfd 5.875% p 0.3 $9.7M 200k 48.61
People's United Financial 0.3 $9.2M 712k 12.85
PG&E Corporation (PCG) 0.3 $9.1M 221k 41.22
Towers Watson & Co 0.3 $9.3M 155k 59.93
Crown Holdings (CCK) 0.2 $8.8M 262k 33.58
Newmont Mining Corporation (NEM) 0.2 $8.9M 148k 60.01
Helmerich & Payne (HP) 0.2 $8.9M 153k 58.36
Occidental Petroleum Corporation (OXY) 0.2 $9.1M 97k 93.70
Patterson-UTI Energy (PTEN) 0.2 $9.0M 450k 19.98
Monro Muffler Brake (MNRO) 0.2 $8.8M 227k 38.79
Chunghwa Telecom Co Ltd - (CHT) 0.2 $8.8M 265k 33.28
Time Warner 0.2 $8.3M 230k 36.14
International Business Machines (IBM) 0.2 $8.2M 44k 183.88
Kodiak Oil & Gas 0.2 $8.0M 846k 9.50
Golar Lng Partners Lp unit 0.2 $8.2M 268k 30.66
Cys Investments 0.2 $8.2M 625k 13.14
Exxon Mobil Corporation (XOM) 0.2 $7.7M 90k 84.76
AES Corporation (AES) 0.2 $7.8M 659k 11.84
EOG Resources (EOG) 0.2 $7.8M 79k 98.52
Amazon (AMZN) 0.2 $7.7M 44k 173.11
Nabors Industries 0.2 $7.9M 458k 17.34
Companhia de Bebidas das Americas 0.2 $7.3M 202k 36.09
Cinemark Holdings (CNK) 0.2 $7.4M 402k 18.49
Integrys Energy 0.2 $7.3M 136k 54.18
Nexen 0.2 $7.3M 457k 15.91
Medley Capital Corporation 0.2 $7.1M 687k 10.40
Williams Companies (WMB) 0.2 $6.7M 203k 33.02
EMC Corporation 0.2 $6.7M 313k 21.54
LKQ Corporation (LKQ) 0.2 $6.4M 211k 30.08
Dynex Capital 0.2 $6.2M 683k 9.13
Cenovus Energy (CVE) 0.2 $5.8M 176k 33.20
WABCO Holdings 0.1 $5.3M 122k 43.40
Duke Energy Corporation 0.1 $4.6M 209k 22.00
Scientific Games (LNW) 0.1 $4.8M 492k 9.70
W.R. Grace & Co. 0.1 $4.5M 98k 45.92
THL Credit 0.1 $4.5M 370k 12.21
Valley National Ban (VLY) 0.1 $4.4M 358k 12.37
Genon Energy 0.1 $4.3M 1.7M 2.61
Graphic Packaging Holding Company (GPK) 0.1 $3.6M 844k 4.26
NV Energy 0.1 $3.6M 223k 16.35
Agnico (AEM) 0.1 $3.6M 100k 36.32
Kinross Gold Corp (KGC) 0.1 $3.6M 312k 11.40
GulfMark Offshore 0.1 $3.4M 81k 42.01
Banco Santander (BSBR) 0.1 $3.3M 405k 8.14
Dell 0.1 $3.4M 231k 14.63
Jacobs Engineering 0.1 $3.0M 73k 40.58
priceline.com Incorporated 0.1 $3.0M 6.4k 467.66
Constellation Energy 0.1 $2.3M 59k 39.68
Morgan Stanley China A Share Fund (CAF) 0.1 $2.4M 126k 19.35
Market Vectors Gold Miners ETF 0.1 $2.4M 46k 51.44
Pantry 0.1 $1.8M 150k 11.97
Eldorado Gold Corp 0.1 $1.8M 132k 13.71
AirMedia 0.1 $1.7M 456k 3.63
Chevron Corporation (CVX) 0.0 $1.3M 12k 106.36
Alliant Energy Corporation (LNT) 0.0 $1.5M 33k 44.10
Rowan Companies 0.0 $1.3M 44k 30.34
China Life Insurance Company 0.0 $1.4M 38k 36.97
PowerShares DB US Dollar Index Bullish 0.0 $1.5M 69k 22.46
Babcock & Wilcox 0.0 $1.3M 53k 24.14
Pennantpark Floating Rate Capi (PFLT) 0.0 $1.5M 150k 10.30
SandRidge Energy 0.0 $924k 113k 8.16
Entergy Corporation (ETR) 0.0 $1.2M 17k 73.05
Apache Corporation 0.0 $589k 6.5k 90.62
Deere & Company (DE) 0.0 $665k 8.6k 77.33
Schlumberger (SLB) 0.0 $881k 13k 68.28
KB Financial (KB) 0.0 $545k 17k 31.32
Msci (MSCI) 0.0 $711k 22k 32.92
Carrizo Oil & Gas 0.0 $638k 24k 26.36
Seadrill 0.0 $783k 24k 33.18
State Street Corporation (STT) 0.0 $528k 13k 40.31
Peabody Energy Corporation 0.0 $333k 10k 33.08
Spdr S&p 500 Etf (SPY) 0.0 $238k 1.9k 125.26
Arch Coal 0.0 $321k 22k 14.51
Perfect World 0.0 $316k 30k 10.46
CONSOL Energy 0.0 $241k 6.6k 36.77
Denbury Resources 0.0 $397k 26k 15.10
Market Vectors Junior Gold Miners ETF 0.0 $277k 11k 24.73
Giant Interactive 0.0 $402k 99k 4.08
AsiaInfo-Linkage 0.0 $89k 12k 7.74
Xueda Education 0.0 $62k 18k 3.50