Horizon Global Advisers

Horizon Global Advisers as of Sept. 30, 2011

Portfolio Holdings for Horizon Global Advisers

Horizon Global Advisers holds 88 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
AutoNation (AN) 7.0 $11M 348k 32.78
Las Vegas Sands (LVS) 5.8 $9.5M 248k 38.34
Franco-Nevada Corporation (FNV) 5.8 $9.5M 263k 36.07
Sears Holdings Corporation 5.5 $8.9M 155k 57.52
Jarden Corporation 5.2 $8.5M 300k 28.26
Leucadia National 5.1 $8.3M 367k 22.68
Liberty Media 4.6 $7.5M 118k 63.55
Brookfield Asset Management 4.4 $7.2M 261k 27.55
Liberty Media 3.9 $6.4M 96k 66.11
Howard Hughes 3.8 $6.2M 148k 42.10
Virtus Investment Partners (VRTS) 3.1 $5.1M 95k 53.61
General Growth Properties 2.9 $4.7M 390k 12.10
Icahn Enterprises (IEP) 2.6 $4.3M 118k 36.21
DreamWorks Animation SKG 2.5 $4.0M 220k 18.18
MasterCard Incorporated (MA) 2.3 $3.7M 12k 317.09
Forest City Enterprises 2.3 $3.7M 348k 10.66
Wynn Resorts (WYNN) 2.0 $3.3M 28k 115.07
Greenlight Capital Re Ltd cl a (GLRE) 1.8 $2.9M 139k 20.73
Limited Brands 1.7 $2.8M 72k 38.51
Imperial Oil (IMO) 1.6 $2.6M 71k 36.11
Grupo Televisa (TV) 1.4 $2.3M 127k 18.39
Vornado Realty Trust (VNO) 1.3 $2.1M 29k 74.61
AutoZone (AZO) 1.3 $2.1M 6.7k 319.06
Cnooc 1.2 $2.0M 12k 160.23
Cme (CME) 1.2 $2.0M 7.9k 246.34
Berkshire Hathaway (BRK.A) 1.1 $1.7M 16.00 106750.00
SPDR S&P China (GXC) 0.8 $1.2M 22k 55.79
Ascent Media Corporation 0.7 $1.2M 30k 39.30
ICICI Bank (IBN) 0.6 $1.0M 30k 34.71
Valhi 0.6 $1.0M 19k 54.14
Eaton Vance Senior Floating Rate Fund (EFR) 0.6 $992k 70k 14.21
ING Prime Rate Trust 0.6 $963k 189k 5.11
U.S. Gold Corporation 0.6 $918k 229k 4.01
Eaton Vance Floating-Rate Income Trust (EFT) 0.5 $839k 60k 14.08
Invesco Van Kampen Senior Income Trust (VVR) 0.5 $813k 193k 4.22
Pimco Income Strategy Fund II (PFN) 0.5 $801k 91k 8.76
PCM Fund (PCM) 0.5 $803k 80k 10.10
PIMCO Income Opportunity Fund 0.5 $788k 32k 24.59
Eaton Vance Limited Duration Income Fund (EVV) 0.5 $773k 53k 14.65
First Trust/Four Corners SFRI Fund II (FCT) 0.5 $758k 57k 13.40
Invesco Van Kampen Dyn Cr Opp Fund 0.5 $730k 69k 10.64
CB Richard Ellis 0.4 $670k 50k 13.44
Nuveen Floating Rate Income Fund (JFR) 0.4 $653k 65k 10.12
BlackRock Floating Rate Income Strat. Fn (FRA) 0.4 $641k 50k 12.72
WisdomTree India Earnings Fund (EPI) 0.4 $618k 34k 18.12
Berkshire Hathaway (BRK.B) 0.4 $604k 8.5k 70.98
Nuveen Mult Curr St Gv Incm 0.4 $598k 46k 13.00
Canadian Natural Resources (CNQ) 0.4 $589k 20k 29.23
Eaton Vance Senior Income Trust (EVF) 0.4 $583k 93k 6.30
Blackrock Fl Rate Ome Stra I 0.3 $572k 49k 11.62
Nuveen Senior Income Fund 0.3 $568k 84k 6.73
BOK Financial Corporation (BOKF) 0.3 $535k 11k 46.80
Pimco Income Strategy Fund (PFL) 0.3 $542k 54k 10.02
Pioneer Floating Rate Trust (PHD) 0.3 $514k 43k 11.86
First Trust ISE Revere Natural Gas 0.3 $483k 31k 15.81
iShares FTSE/Xinhua China 25 Index (FXI) 0.3 $444k 14k 30.77
Carnival Corporation (CCL) 0.3 $436k 14k 30.24
CBOE Holdings (CBOE) 0.3 $423k 17k 24.44
Nuveen Fltng Rte Incm Opp 0.3 $429k 41k 10.43
Market Vectors Gaming 0.2 $373k 13k 27.78
WisdomTree Investments (WT) 0.2 $354k 51k 7.01
& PROD CO shares Brookfield 0.2 $321k 48k 6.65
NYSE Euronext 0.2 $318k 14k 23.22
BlackRock Floating Rate Income Trust (BGT) 0.2 $314k 25k 12.65
Nuveen Div. Advantage Muni. Fund (NAD) 0.2 $299k 21k 13.95
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.2 $300k 21k 14.32
Pioneer Municipal High Income Trust (MHI) 0.2 $279k 19k 14.49
Nuveen California Select Qlty Mun Inc Fu 0.2 $274k 19k 14.61
Dreyfus Strategic Muni. 0.2 $266k 31k 8.47
Putnam Managed Municipal Income Trust (PMM) 0.2 $269k 36k 7.44
AllianceBernstein Global Hgh Incm (AWF) 0.1 $243k 19k 12.99
Claymore/AlphaShares China Real Est ETF 0.1 $246k 19k 13.23
Market Vectors High Yield Muni. Ind 0.1 $238k 7.9k 30.09
Pioneer Municipal High Income Advantage (MAV) 0.1 $250k 18k 13.82
Eaton Vance Cali Muni Bnd Fnd (EVM) 0.1 $249k 20k 12.22
BlackRock Senior High Income Fund 0.1 $232k 64k 3.65
MFS Municipal Income Trust (MFM) 0.1 $235k 35k 6.72
MFS High Income Municipal Trust (CXE) 0.1 $222k 45k 4.89
LMP Corporate Loan Fund 0.1 $218k 20k 10.69
Invesco Municipal Income Opp Trust (OIA) 0.1 $212k 34k 6.32
Nuveen Performance Plus Municipal Fund 0.1 $212k 15k 14.52
Invesco Municipal Inc Opp Trust II (OIB) 0.1 $209k 30k 7.03
Loews Corporation (L) 0.1 $203k 5.9k 34.41
Templeton Emerging Markets Income Fund (TEI) 0.1 $190k 13k 14.84
Invesco Municipal Inc Opp Trust III 0.1 $202k 26k 7.65
Nuveen Insured CA Premium Inc Fd II 0.1 $188k 13k 14.16
MFS High Yield Municipal Trust (CMU) 0.1 $185k 42k 4.41
Nuveen Premium Income Muni Fd 4 0.1 $163k 13k 12.60