Alpine Securities USVI

Alpine Securities USVI as of Dec. 31, 2011

Portfolio Holdings for Alpine Securities USVI

Alpine Securities USVI holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

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

AMARIN CORP PLC                SPONS ADR NEW  023111206   562    75000     SH               SOLE              75000
HALLIBURTON CO                      COM       406216101   1726   50000     SH               SOLE              50000
HUMAN GENOME SCIENCES INC           COM       444903108   739    100000    SH               SOLE              100000
PETROLEO BRASILEIRO SA PETRO   SPONSORED ADR  71654V408   3728   150000    SH               SOLE              150000