Horizon Global Advisers

Horizon Global Advisers as of March 31, 2012

Portfolio Holdings for Horizon Global Advisers

Horizon Global Advisers holds 88 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Liberty Media Corp lcpad 8.3 $11M 126k 88.15
Howard Hughes 6.8 $9.0M 141k 63.87
Sears Holdings Corporation 6.0 $8.0M 120k 66.24
Virtus Investment Partners (VRTS) 5.8 $7.7M 90k 85.77
Jarden Corporation 5.5 $7.4M 184k 40.23
Leucadia National 5.0 $6.7M 255k 26.10
Icahn Enterprises (IEP) 4.3 $5.8M 134k 43.13
AutoNation (AN) 4.3 $5.7M 166k 34.31
Las Vegas Sands (LVS) 3.9 $5.3M 91k 57.56
Brookfield Asset Management 3.8 $5.1M 160k 31.57
General Growth Properties 2.9 $3.9M 230k 16.99
Wynn Resorts (WYNN) 2.4 $3.2M 26k 124.86
Wpx Energy 2.2 $2.9M 163k 18.01
Air Lease Corp (AL) 2.1 $2.8M 116k 24.07
Continental Resources 1.8 $2.3M 27k 85.82
DreamWorks Animation SKG 1.6 $2.2M 118k 18.45
Greenlight Capital Re Ltd cl a (GLRE) 1.3 $1.8M 71k 24.62
AutoZone (AZO) 1.3 $1.8M 4.7k 371.72
MasterCard Incorporated (MA) 1.2 $1.6M 3.9k 420.33
Berkshire Hathaway (BRK.A) 1.2 $1.6M 13.00 121846.15
Novagold Resources Inc Cad (NG) 1.1 $1.5M 202k 7.18
Franco-Nevada Corporation (FNV) 1.1 $1.4M 33k 42.97
SPDR S&P China (GXC) 1.1 $1.4M 21k 68.34
Ascent Media Corporation 1.0 $1.3M 29k 47.29
Limited Brands 0.9 $1.2M 26k 47.99
DISH Network 0.8 $1.1M 33k 32.93
Eaton Vance Senior Floating Rate Fund (EFR) 0.8 $1.1M 70k 15.24
ING Prime Rate Trust 0.8 $1.1M 189k 5.70
Cme (CME) 0.8 $1.0M 3.6k 289.14
Mcewen Mining 0.8 $1.0M 229k 4.44
Invesco Van Kampen Senior Income Trust (VVR) 0.7 $946k 193k 4.91
Vornado Realty Trust (VNO) 0.7 $934k 11k 84.19
Pimco Income Strategy Fund II (PFN) 0.7 $928k 91k 10.15
Eaton Vance Floating-Rate Income Trust (EFT) 0.7 $889k 55k 16.24
Google 0.7 $879k 1.4k 641.14
Eaton Vance Limited Duration Income Fund (EVV) 0.6 $846k 53k 16.04
PCM Fund (PCM) 0.6 $837k 76k 11.01
PIMCO Income Opportunity Fund 0.6 $844k 32k 26.34
Invesco Van Kampen Dyn Cr Opp Fund 0.6 $801k 69k 11.67
First Trust/Four Corners SFRI Fund II (FCT) 0.6 $782k 52k 14.95
Nuveen Floating Rate Income Fund (JFR) 0.6 $768k 65k 11.91
BlackRock Floating Rate Income Strat. Fn (FRA) 0.5 $690k 47k 14.81
Eaton Vance Senior Income Trust (EVF) 0.5 $667k 93k 7.21
WisdomTree India Earnings Fund (EPI) 0.5 $657k 34k 19.27
Blackrock Fl Rate Ome Stra I 0.5 $637k 46k 13.95
Nuveen Senior Income Fund 0.5 $602k 84k 7.13
Pioneer Floating Rate Trust (PHD) 0.4 $561k 43k 12.95
Forest City Enterprises 0.4 $543k 35k 15.64
Pimco Income Strategy Fund (PFL) 0.4 $544k 48k 11.35
iShares FTSE/Xinhua China 25 Index (FXI) 0.4 $529k 14k 36.66
Nuveen Mult Curr St Gv Incm 0.4 $535k 41k 13.21
Equity Lifestyle Properties (ELS) 0.4 $516k 7.4k 69.73
& PROD CO shares Brookfield 0.4 $511k 48k 10.58
CBOE Holdings (CBOE) 0.4 $491k 17k 28.37
Colfax Corporation 0.4 $499k 14k 35.22
Nuveen Fltng Rte Incm Opp 0.4 $495k 41k 12.03
WisdomTree Investments (WT) 0.3 $422k 51k 8.36
Market Vectors Gaming 0.3 $355k 9.9k 35.75
Berkshire Hathaway (BRK.B) 0.3 $341k 4.2k 81.00
Claymore/AlphaShares China Real Est ETF 0.2 $315k 19k 16.94
BlackRock Floating Rate Income Trust (BGT) 0.2 $311k 22k 14.27
Nuveen Div. Advantage Muni. Fund (NAD) 0.2 $312k 21k 14.56
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.2 $309k 21k 14.75
Lennar Corporation (LEN) 0.2 $298k 11k 27.09
AllianceBernstein Global Hgh Incm (AWF) 0.2 $280k 19k 14.97
Putnam Managed Municipal Income Trust (PMM) 0.2 $278k 36k 7.68
BlackRock Senior High Income Fund 0.2 $261k 64k 4.10
Dreyfus Strategic Muni. 0.2 $253k 28k 9.09
Pioneer Municipal High Income Trust (MHI) 0.2 $251k 17k 14.71
Nuveen California Select Qlty Mun Inc Fu 0.2 $258k 17k 15.52
Via 0.2 $246k 5.2k 47.31
LMP Corporate Loan Fund 0.2 $242k 20k 11.86
Pioneer Municipal High Income Advantage (MAV) 0.2 $235k 16k 14.66
Invesco Municipal Income Opp Trust (OIA) 0.2 $229k 34k 6.83
MFS Municipal Income Trust (MFM) 0.2 $225k 31k 7.26
Nuveen Performance Plus Municipal Fund 0.2 $226k 15k 15.48
Invesco Municipal Inc Opp Trust II (OIB) 0.2 $223k 30k 7.50
Market Vectors High Yield Muni. Ind 0.2 $219k 7.0k 31.24
Invesco Municipal Inc Opp Trust III 0.2 $219k 26k 8.29
MFS High Income Municipal Trust (CXE) 0.2 $215k 40k 5.34
Eaton Vance Cali Muni Bnd Fnd (EVM) 0.2 $215k 18k 11.91
MFS High Yield Municipal Trust (CMU) 0.1 $182k 37k 4.89
Templeton Emerging Markets Income Fund (TEI) 0.1 $175k 11k 15.64
Nuveen Insured CA Premium Inc Fd II 0.1 $171k 12k 14.53
Nuveen Premium Income Muni Fd 4 0.1 $145k 11k 13.39
Rouse Pptys 0.1 $140k 10k 13.46
IDT Corporation (IDT) 0.1 $93k 10k 9.26
Genie Energy Ltd-b cl b (GNE) 0.1 $97k 10k 9.66