Alpine Securities USVI

Alpine Securities USVI as of Dec. 31, 2010

Portfolio Holdings for Alpine Securities USVI

Alpine Securities USVI holds 0 positions in its portfolio as reported in the December 2010 quarterly 13F filing

                VALUE              SH/  PUT/INVESTMENT  OTHER   VOTING AUTHORITY
         NAME OF ISSUER          TITLE OF CLASS     CUSIP    ($000's)   AMOUNT   PRN  CALLDISCRETION  MANAGER   SOLE  SHARED NONE
-----------------------------------------------------------  --------  ----------------------------------------------------------
              {S}                      {C}           {C}        {C}      {C}     {C}  {C}     {C}       {C}     {C}     {C}   {C}

ACTIVE POWER INC                       COM        00504W100     49      19744    SH          SOLE              19744
AMERICAN INTL GROUP INC              COM NEW      026874784     461      8000    SH          SOLE               8000
BANK OF AMERICA CORPORATION            COM        060505104     667     50000    SH          SOLE              50000
CITIGROUP INC                          COM        172967101     66      14000    SH          SOLE              14000
COMERICA INC                    *W EXP 11/14/201  200340115    5748     348334   SH          SOLE              348334
CONVERTED ORGANICS INC                 COM        21254S107     76      200000   SH          SOLE              200000
ENCANA CORP                            COM        292505104    3640     125000   SH          SOLE              125000
GENON ENERGY INC CMN                   COM        37244E107     762      5336    SH          SOLE               5336
KING PHARMACEUTICALS INC               COM        495582108    3493     248600   SH          SOLE              248600
PETROLEO BRASILEIRO SA PETRO      SPONSORED ADR   71654V408    1892     50000    SH          SOLE              50000
POSCO                             SPONSORED ADR   693483109     538      5000    SH          SOLE               5000
PROSHARES TR                    PSHS ULTSHRT QQQ  74347R875    4653     400000   SH          SOLE              400000
QUANTUM FUEL SYS TECH WORLDW           COM        74765E109     142     315731   SH          SOLE              315731
SPDR S^P 500 ETF TR                  TR UNIT      78462F103    5747     45700    SH          SOLE              45700
U S GEOTHERMAL INC                     COM        90338S102     23      19248    SH          SOLE              19248
WASHINGTON FED INC              *W EXP 11/14/201  938824117     456     82900    SH          SOLE              82900