Grace Brothers Management

Grace Brothers Management as of Sept. 30, 2011

Portfolio Holdings for Grace Brothers Management

Grace Brothers Management holds 54 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
E M C Corp Mass note 1.750%12/0 4.9 $4.9M 3.5M 1.41
Alcoa Inc debt 4.5 $4.5M 2.8M 1.64
Alliance Data Systems Corp note 1.750% 8/0 4.4 $4.4M 3.5M 1.27
Netapp Inc note 1.750% 6/0 4.2 $4.3M 3.5M 1.22
Biomarin Pharmaceutical Inc bond cv 3.7 $3.7M 2.3M 1.66
Cadence Design Sys Cvt 2.625 6 convert 3.4 $3.5M 2.5M 1.38
United Rentals Inc note 4.000%11/1 3.3 $3.4M 2.0M 1.68
CUBIST PHARM CONVERTIBLE security 3.0 $3.1M 2.3M 1.36
Textron Inc note 4.500% 5/0 3.0 $3.0M 2.0M 1.52
Endo Pharmaceu note 1.75% 4/1 2.8 $2.8M 2.5M 1.13
Enpro Industries Inc note 2.5 $2.5M 2.3M 1.12
Virgin Media Inc note 6.500%11/1 2.2 $2.3M 1.5M 1.51
Newmont Mining Corp note 1.250% 7/1 2.2 $2.3M 1.5M 1.50
Sothebys note 3.125% 6/1 2.2 $2.2M 2.0M 1.11
Caci Intl Inc note 2.125% 5/0 2.2 $2.2M 2.0M 1.10
Chart Industries 2% conv 2.1 $2.1M 2.3M 0.92
Western Refng Inc note 5.750% 6/1 2.0 $2.0M 1.5M 1.36
Trw Automotive 3.5% 12/01/15 conv 2.0 $2.0M 1.5M 1.35
Intermune cv 5.0% 1.9 $2.0M 2.1M 0.93
Ppl Corporation 8.75% pfd cv 1.9 $1.9M 35k 54.51
Phh Corp note 4.000% 9/0 1.9 $1.9M 2.0M 0.95
Coinstar Inc note 4.000% 9/0 1.9 $1.9M 1.5M 1.25
Old Republic Intl Corp note 1.8 $1.8M 2.0M 0.91
General Cable Corp Del New note 0.875%11/1 1.8 $1.8M 2.0M 0.90
Live Nation Entertainment In note 2.875% 7/1 1.8 $1.8M 2.0M 0.90
Fei Co note 2.875% 6/0 1.8 $1.8M 1.5M 1.19
Annaly Cap Mgmt Inc note 4.000% 2/1 1.7 $1.7M 1.5M 1.14
Metlife Inc 5% 10/0/14 Conv Pr cv prf 1.7 $1.7M 30k 56.57
D Synnex Corp Ser B Sr Uns Conv convrt bonds 1.6 $1.7M 1.5M 1.10
Holdings Inc Note 5.25 1.6 $1.6M 1.3M 1.30
Insulet Corp note 5.375% 6/1 1.6 $1.6M 1.8M 0.91
United States Stl Corp New note 4.000% 5/1 1.6 $1.6M 1.5M 1.04
Health Care Reit Pfd I 6.5% 1.5 $1.5M 32k 45.81
Sba Communications Corp note 4.000%10/0 1.4 $1.4M 1.1M 1.29
Level 3 Communications Inc note 6.500%10/0 1.4 $1.4M 1.0M 1.42
Energy Xxi Bermuda Ltd conv prf 1.3 $1.3M 5.0k 262.20
St Mary Ld & Expl Co note 3.500% 4/0 1.2 $1.2M 1.0M 1.21
On Semiconductor Corporation note 1.875%12/ 1.2 $1.2M 1.0M 1.18
Brookdale Senior Living note 1.2 $1.2M 1.6M 0.75
Ciena Corp note 0.875% 6/1 1.1 $1.1M 1.5M 0.73
Covanta Hldg Corp dbcv 1.000% 2/0 1.1 $1.1M 1.0M 1.09
Nielsen Holdings 6.25% 2/01/13 pfd cv 1.1 $1.1M 20k 53.00
Mcmoran Exploration Co. Cv. Sr conv 1.0 $1.0M 1.0M 1.01
Mf Global Hldgs Ltd note 1.875% 2/0 1.0 $975k 1.3M 0.78
SanDisk Corporation 0.9 $900k 22k 40.36
Interoil Corp note 2.750%11/1 0.8 $800k 1.0M 0.80
PowerShares QQQ Trust, Series 1 0.8 $787k 15k 52.47
Arvinmeritor Inc frnt 4.625% 3/0 0.8 $760k 1.0M 0.76
Symantec Corporation 0.7 $735k 45k 16.30
Anglogold Asha mand bd cv 13 0.7 $730k 15k 48.67
Molycorp, Inc. pfd conv ser a 0.7 $661k 9.5k 69.58
Intel Corporation (INTC) 0.5 $480k 23k 21.33
Cisco Systems (CSCO) 0.3 $310k 20k 15.50
Ford Mtr Co Del *w exp 01/01/201 0.1 $115k 52k 2.21