Grace Brothers Management

Grace Brothers Management as of Sept. 30, 2012

Portfolio Holdings for Grace Brothers Management

Grace Brothers Management holds 48 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Western Refng Inc note 5.750% 6/1 5.2 $6.3M 2.5M 2.50
Cadence Design Sys Cvt 2.625 6 convert 5.1 $6.2M 3.5M 1.78
Onyx Pharmaceuticals Inc note 4.000% 8/1 5.1 $6.2M 2.8M 2.25
E M C Corp Mass note 1.750%12/0 5.0 $6.0M 3.5M 1.72
Biomarin Pharmaceutical Inc note 1.875% 4/2 4.7 $5.7M 2.8M 2.08
CUBIST PHARM CONVERTIBLE security 4.7 $5.7M 3.3M 1.75
Gilead Sciences Inc note 0.625% 5/0 3.7 $4.5M 3.0M 1.51
Viropharma Inc note 2.000% 3/1 3.6 $4.4M 2.5M 1.74
Trw Automotive 3.5% 12/01/15 conv 3.4 $4.1M 2.5M 1.65
Chart Industries 2% conv 3.3 $4.0M 3.0M 1.32
Equinix Inc note 3.000%10/1 3.2 $3.9M 2.0M 1.96
Virgin Media Inc note 6.500%11/1 2.8 $3.4M 2.0M 1.72
Sba Communications Corp note 4.000%10/0 2.8 $3.4M 1.6M 2.12
Alcoa Inc debt 2.8 $3.4M 2.3M 1.49
Gilead Sciences conv 2.6 $3.1M 2.0M 1.56
Holdings Inc Note 5.25 2.6 $3.1M 1.8M 1.77
Endo Pharmaceuticals Hldgs I note 1.750% 4/1 2.5 $3.1M 2.5M 1.22
United Rentals Inc note 4.000%11/1 2.5 $3.0M 1.0M 3.00
Mylan Inc note 3.750% 9/1 2.4 $2.9M 1.5M 1.92
Group 1 Automotive Inc frnt 2.250% 6/1 2.2 $2.7M 2.3M 1.16
Akorn Inc note 3.500% 6/0 2.1 $2.5M 1.5M 1.66
D R Horton Inc note 2.000% 5/1 2.0 $2.4M 1.5M 1.63
Mgm Mirage conv 2.0 $2.4M 2.3M 1.07
General Cable Corp Del New frnt 4.500% 11/1 1.8 $2.1M 2.0M 1.07
Mastec note 4% 06/14 1.7 $2.1M 1.5M 1.39
Micron Technology Inc Mu Cvt 1 convert 1.7 $2.0M 2.3M 0.90
Fifth Third Bancorp cnv pfd dep1/250 1.6 $1.9M 14k 142.71
Ppl Corporation 8.75% pfd cv 1.6 $1.9M 35k 54.89
Health Care Reit Pfd I 6.5% 1.5 $1.8M 32k 55.12
Chesapeake Energy 5.75% Conv Pfd p 1.3 $1.6M 1.7k 931.18
Nextera Energy Inc unit 1.3 $1.5M 30k 51.17
Cemex Sab De Cv conv bnd 1.2 $1.5M 1.5M 0.99
Meritage Homes Corp conv 1.2 $1.5M 1.5M 0.99
Omnicare Cap Tr Ii pfd b tr 4.00% 1.1 $1.4M 30k 46.74
Coinstar Inc note 4.000% 9/0 1.1 $1.3M 1.0M 1.30
Xpo Logistics note 4.5% 10/1 1.0 $1.2M 1.2M 0.99
Metlife Inc 5% 10/0/14 Conv Pr cv prf 0.9 $1.0M 15k 69.13
Hawaiian Holdings Inc conv 0.9 $1.0M 1.0M 1.04
PowerShares QQQ Trust, Series 1 0.8 $1.0M 15k 68.60
Peabody Energy Corp sdcv 4.750%12/1 0.7 $850k 1.0M 0.85
Royal Gold Inc conv 0.5 $605k 500k 1.21
Molycorp Inc Del....... Note 6.0% 9/1/17 0.5 $570k 500k 1.14
Gt Advanced Technologies Inc conv 0.4 $500k 500k 1.00
Sotheby's 0.4 $435k 14k 31.52
General Mtrs Co *w exp 07/10/201 0.3 $320k 39k 8.27
American International (AIG) 0.2 $262k 8.0k 32.75
Cisco Systems (CSCO) 0.2 $229k 12k 19.08
Ford Mtr Co Del *w exp 01/01/201 0.0 $41k 40k 1.02