Clough Capital Partners

--------------- ---------------------- as of March 31, 2012

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

--------------- ---------------------- holds 154 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 500 Index (IVV) 16.2 $549M 390k 1408.47
Us Natural Gas Fd Etf 4.0 $137M 8.6M 15.92
Microsoft Corporation (MSFT) 3.7 $125M 3.9M 32.25
Google 2.5 $84M 131k 641.24
Bank of America Corporation (BAC) 1.9 $63M 6.5M 9.57
Apple (AAPL) 1.7 $59M 98k 599.51
Ares Capital Corporation (ARCC) 1.7 $56M 3.5M 16.35
Citigroup (C) 1.6 $54M 1.5M 36.55
Marathon Petroleum Corp (MPC) 1.6 $53M 1.2M 43.36
TransDigm Group Incorporated (TDG) 1.4 $46M 393k 115.76
American Capital Agency 1.3 $45M 1.5M 29.54
Walt Disney Company (DIS) 1.3 $45M 1.0M 43.78
Golar Lng (GLNG) 1.3 $45M 1.2M 38.05
Transocean (RIG) 1.3 $44M 808k 54.70
Arrow Electronics (ARW) 1.2 $42M 1.0M 41.97
Morgan Stanley (MS) 1.2 $42M 2.1M 19.64
Seagate Technology Com Stk 1.2 $41M 1.5M 26.95
National-Oilwell Var 1.2 $40M 497k 79.47
Sanofi-Aventis SA (SNY) 1.1 $39M 1.0M 38.75
Ens 1.1 $38M 724k 52.93
Williams Companies (WMB) 1.1 $38M 1.2M 30.81
eBay (EBAY) 1.1 $36M 985k 36.90
Liberty Media 1.1 $36M 1.9M 19.09
Goldman Sachs (GS) 1.1 $36M 288k 124.37
H&R Block (HRB) 1.0 $35M 2.1M 16.47
Solar Cap (SLRC) 1.0 $35M 1.6M 22.07
National Grid 1.0 $35M 688k 50.48
Noble Corporation Com Stk 1.0 $34M 909k 37.47
ViaSat (VSAT) 1.0 $34M 705k 48.21
Hatteras Financial 1.0 $34M 1.2M 27.90
Avnet (AVT) 1.0 $33M 913k 36.39
Capstead Mortgage Corporation 1.0 $33M 2.5M 13.11
Liberty Media Corp lcpad 1.0 $33M 370k 88.15
Cameron International Corporation 0.9 $30M 574k 52.83
Western Digital (WDC) 0.9 $30M 723k 41.39
Market Vectors Oil Service Etf 0.9 $30M 728k 40.62
CBS Corporation 0.8 $28M 822k 33.91
Sensata Technologies Hldg Bv 0.8 $28M 821k 33.48
MasterCard Incorporated (MA) 0.8 $27M 63k 420.53
Via 0.8 $26M 543k 47.46
Visa (V) 0.8 $26M 216k 118.00
Orient-exp Htls 0.7 $25M 2.4M 10.20
Focus Media Holding 0.7 $25M 986k 25.12
McDermott International 0.7 $24M 1.9M 12.81
News Corporation 0.7 $24M 1.2M 19.70
Delta Air Lines (DAL) 0.7 $24M 2.4M 9.91
PennantPark Investment (PNNT) 0.7 $23M 2.2M 10.40
Cinemark Holdings (CNK) 0.7 $22M 1.0M 21.95
Anadarko Petroleum Corporation 0.7 $22M 281k 78.34
EMC Corporation 0.7 $22M 732k 29.88
Pioneer Natural Resources 0.6 $22M 193k 111.59
Oil States International (OIS) 0.6 $22M 276k 78.06
Valero Energy Corporation (VLO) 0.6 $21M 832k 25.77
Hollyfrontier Corp 0.6 $21M 657k 32.15
Time Warner 0.6 $20M 539k 37.75
Western Refining 0.6 $19M 1.0M 18.82
Verisk Analytics (VRSK) 0.6 $19M 404k 46.97
Te Connectivity Ltd for 0.6 $19M 510k 36.75
Diamond Offshore Drilling 0.5 $18M 269k 66.75
Tidewater 0.5 $18M 331k 54.02
InterOil Corporation 0.5 $18M 351k 51.41
Calpine Corporation 0.5 $17M 1.0M 17.21
AES Corporation (AES) 0.5 $17M 1.3M 13.07
Rowan Companies 0.5 $17M 503k 32.93
Crown Holdings (CCK) 0.5 $16M 440k 36.83
Wesco Aircraft Holdings 0.5 $16M 1.0M 16.20
Lamar Advertising Company 0.5 $16M 493k 32.41
Tesoro Corporation 0.4 $15M 553k 26.84
VeriFone Systems 0.4 $15M 282k 51.87
MGM Resorts International. (MGM) 0.4 $15M 1.1M 13.62
BP (BP) 0.4 $14M 313k 45.00
Hldgs (UAL) 0.4 $14M 665k 21.50
American Electric Power Company (AEP) 0.4 $14M 358k 38.58
Golar Lng Partners Lp unit 0.4 $14M 370k 37.12
Tenaris (TS) 0.4 $14M 352k 38.23
Seadrill 0.4 $13M 358k 37.51
Edison International (EIX) 0.4 $12M 292k 42.51
EOG Resources (EOG) 0.4 $12M 110k 111.10
Liberty Global 0.3 $12M 235k 50.08
Cys Investments 0.3 $12M 906k 13.09
Foster Wheeler Ltd Com Stk 0.3 $12M 512k 22.76
People's United Financial 0.3 $11M 852k 13.24
NiSource (NI) 0.3 $11M 443k 24.35
Micron Technology (MU) 0.3 $11M 1.3M 8.10
Energy Xxi 0.3 $11M 290k 36.11
Oge Energy Corp (OGE) 0.3 $11M 199k 53.50
Chart Industries (GTLS) 0.3 $11M 144k 73.33
Allison Transmission Hldngs I (ALSN) 0.3 $10M 435k 23.88
Copa Holdings Sa-class A (CPA) 0.3 $10M 127k 79.20
Solar Senior Capital 0.3 $10M 634k 16.11
Hess (HES) 0.3 $9.9M 168k 58.95
Towers Watson & Co 0.3 $10M 151k 66.07
CMS Energy Corporation (CMS) 0.3 $9.5M 433k 22.00
Northeast Utilities System 0.3 $9.6M 259k 37.12
Monro Muffler Brake (MNRO) 0.3 $9.3M 223k 41.49
Golub Capital BDC (GBDC) 0.3 $9.2M 606k 15.27
Amc Networks Inc Cl A (AMCX) 0.3 $8.7M 195k 44.63
Companhia de Bebidas das Americas 0.2 $8.4M 202k 41.32
KBR (KBR) 0.2 $8.1M 228k 35.55
iShares MSCI Japan Index 0.2 $8.2M 804k 10.18
Georgia Gulf Corporation 0.2 $8.1M 232k 34.88
Goodyear Tire Rubr Pfd 5.875% p 0.2 $8.1M 197k 41.43
Medley Capital Corporation 0.2 $7.8M 691k 11.27
Skullcandy 0.2 $7.0M 444k 15.83
Dynex Capital 0.2 $6.5M 672k 9.71
Westlake Chemical Corporation (WLK) 0.2 $6.4M 99k 64.79
Morgan Stanley China A Share Fund (CAF) 0.2 $6.3M 324k 19.59
Zhongpin 0.2 $5.7M 510k 11.25
FleetCor Technologies 0.2 $5.8M 150k 38.77
Discover Financial Services 0.2 $5.5M 166k 33.34
Scientific Games (LNW) 0.2 $5.5M 474k 11.66
Loews Corporation (L) 0.1 $5.0M 125k 39.87
Goodyear Tire & Rubber Company (GT) 0.1 $5.1M 453k 11.22
Valley National Ban (VLY) 0.1 $4.6M 358k 12.95
priceline.com Incorporated 0.1 $4.7M 6.6k 717.58
THL Credit 0.1 $4.6M 357k 12.86
Duke Energy Corporation 0.1 $4.4M 209k 21.01
Graphic Packaging Holding Company (GPK) 0.1 $4.5M 813k 5.52
Nasdaq Omx (NDAQ) 0.1 $3.7M 143k 25.90
SandRidge Energy 0.1 $3.8M 489k 7.83
NV Energy 0.1 $3.6M 223k 16.12
American Capital Mortgage In 0.1 $3.4M 156k 21.77
Jacobs Engineering 0.1 $3.1M 71k 44.37
Agnico (AEM) 0.1 $3.2M 96k 33.38
AirMedia 0.1 $3.0M 990k 3.08
Las Vegas Sands (LVS) 0.1 $2.6M 46k 57.56
SELECT INCOME REIT COM SH BEN int 0.1 $2.8M 125k 22.58
Exxon Mobil Corporation (XOM) 0.1 $2.3M 26k 86.73
SPDR Gold Trust (GLD) 0.1 $2.3M 14k 162.14
Exelon Corporation (EXC) 0.1 $2.1M 54k 39.21
Market Vectors Gold Miners ETF 0.1 $2.0M 41k 49.54
Weatherford International Lt reg 0.1 $1.9M 124k 15.09
Genon Energy 0.1 $2.2M 1.0M 2.08
Global X China Consumer ETF (CHIQ) 0.1 $1.8M 124k 14.90
Pennantpark Floating Rate Capi (PFLT) 0.1 $1.8M 150k 11.75
Royal Dutch Shell 0.0 $1.3M 18k 70.14
Alliant Energy Corporation (LNT) 0.0 $1.4M 33k 43.31
PowerShares DB US Dollar Index Bullish 0.0 $1.5M 69k 21.91
Chevron Corporation (CVX) 0.0 $944k 8.8k 107.27
Schlumberger (SLB) 0.0 $902k 13k 69.91
Entergy Corporation (ETR) 0.0 $1.1M 17k 67.19
State Street Corporation (STT) 0.0 $596k 13k 45.50
Helmerich & Payne (HP) 0.0 $542k 10k 53.92
Cenovus Energy (CVE) 0.0 $694k 19k 35.96
Deere & Company (DE) 0.0 $696k 8.6k 80.93
Occidental Petroleum Corporation (OXY) 0.0 $519k 5.4k 95.26
Msci (MSCI) 0.0 $795k 22k 36.81
Clean Energy Fuels (CLNE) 0.0 $526k 25k 21.30
Spdr S&p 500 Etf (SPY) 0.0 $268k 1.9k 141.05
Denbury Resources 0.0 $479k 26k 18.21
Market Vectors Junior Gold Miners ETF 0.0 $275k 11k 24.55
Giant Interactive 0.0 $483k 99k 4.90
AsiaInfo-Linkage 0.0 $145k 12k 12.61
Noah Holdings (NOAH) 0.0 $160k 20k 8.00