Horizon Global Advisers

Horizon Global Advisers as of Dec. 31, 2010

Portfolio Holdings for Horizon Global Advisers

Horizon Global Advisers holds 87 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Las Vegas Sands (LVS) 6.6 $11M 248k 45.95
Sears Holdings Corporation 6.1 $11M 144k 73.75
Brookfield Asset Management 5.9 $10M 305k 33.29
Leucadia National 5.7 $9.9M 338k 29.18
Jarden Corporation 5.3 $9.1M 294k 30.87
Forest City Enterprises 4.1 $7.1M 426k 16.69
Loews Corporation (L) 3.7 $6.4M 165k 38.91
General Growth Properties 3.5 $6.0M 387k 15.48
Liberty Media 3.3 $5.7M 91k 62.56
Carnival Corporation (CCL) 2.1 $3.7M 81k 46.11
AutoNation (AN) 2.1 $3.6M 129k 28.20
Imperial Oil (IMO) 2.1 $3.6M 88k 40.52
Howard Hughes 2.0 $3.4M 62k 54.41
Grupo Televisa (TV) 1.9 $3.3M 129k 25.92
Cnooc 1.9 $3.3M 14k 238.33
Silver Wheaton Corp 1.9 $3.2M 83k 39.03
Icahn Enterprises (IEP) 1.8 $3.1M 88k 35.25
MasterCard Incorporated (MA) 1.8 $3.1M 14k 224.06
ICICI Bank (IBN) 1.7 $3.0M 59k 50.64
Cme (CME) 1.7 $3.0M 9.2k 321.66
Wynn Resorts (WYNN) 1.7 $2.9M 28k 103.81
Canadian Natural Resources (CNQ) 1.6 $2.8M 63k 44.41
Cenovus Energy (CVE) 1.6 $2.8M 84k 33.23
Virtus Investment Partners (VRTS) 1.6 $2.8M 62k 45.36
Berkshire Hathaway (BRK.A) 1.5 $2.6M 22.00 120409.09
China Life Insurance Company 1.5 $2.6M 43k 61.17
Greenlight Capital Re Ltd cl a (GLRE) 1.4 $2.5M 93k 26.80
Vornado Realty Trust (VNO) 1.4 $2.4M 29k 83.30
Nasdaq Omx (NDAQ) 1.3 $2.3M 98k 23.73
Liberty Media 1.1 $1.9M 29k 66.46
U.S. Gold Corporation 1.1 $1.8M 229k 8.07
AutoZone (AZO) 1.1 $1.8M 6.7k 272.47
SPDR S&P China (GXC) 1.0 $1.7M 22k 76.22
CB Richard Ellis 0.8 $1.3M 65k 20.47
Eaton Vance Senior Floating Rate Fund (EFR) 0.7 $1.1M 70k 16.21
DreamWorks Animation SKG 0.6 $1.1M 36k 29.44
ING Prime Rate Trust 0.6 $1.1M 189k 5.69
Suncor Energy (SU) 0.6 $1.0M 27k 38.28
Eaton Vance Floating-Rate Income Trust (EFT) 0.6 $953k 60k 16.00
Berkshire Hathaway (BRK.B) 0.5 $917k 12k 80.09
BOK Financial Corporation (BOKF) 0.5 $899k 17k 53.40
WisdomTree India Earnings Fund (EPI) 0.5 $899k 34k 26.36
Invesco Van Kampen Senior Income Trust (VVR) 0.5 $903k 193k 4.69
Pimco Income Strategy Fund II (PFN) 0.5 $905k 91k 9.90
PCM Fund (PCM) 0.5 $858k 80k 10.79
Eaton Vance Limited Duration Income Fund (EVV) 0.5 $846k 53k 16.04
Invesco Van Kampen Dyn Cr Opp Fund 0.5 $837k 69k 12.20
PIMCO Income Opportunity Fund 0.5 $820k 32k 25.59
First Trust/Four Corners SFRI Fund II (FCT) 0.5 $790k 57k 13.97
Nuveen Floating Rate Income Fund (JFR) 0.4 $761k 65k 11.80
BlackRock Floating Rate Income Strat. Fn (FRA) 0.4 $749k 50k 14.87
Blackrock Fl Rate Ome Stra I 0.4 $674k 49k 13.69
Eaton Vance Senior Income Trust (EVF) 0.4 $662k 93k 7.15
Nuveen Mult Curr St Gv Incm 0.4 $633k 46k 13.76
iShares FTSE/Xinhua China 25 Index (FXI) 0.4 $621k 14k 43.04
Pimco Income Strategy Fund (PFL) 0.4 $622k 54k 11.50
Nuveen Senior Income Fund 0.3 $602k 84k 7.13
Pioneer Floating Rate Trust (PHD) 0.3 $558k 43k 12.88
NYSE Euronext 0.3 $522k 17k 29.98
Nuveen Fltng Rte Incm Opp 0.3 $497k 41k 12.08
Market Vectors Gaming 0.3 $460k 15k 31.42
First Trust ISE Revere Natural Gas 0.2 $432k 22k 19.64
BlackRock Floating Rate Income Trust (BGT) 0.2 $410k 25k 16.52
Claymore/AlphaShares China Real Est ETF 0.2 $370k 19k 19.89
Lender Processing Services 0.2 $318k 11k 29.51
Nuveen Div. Advantage Muni. Fund (NAD) 0.2 $276k 21k 12.88
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.2 $278k 21k 13.27
AllianceBernstein Global Hgh Incm (AWF) 0.1 $267k 19k 14.28
Pioneer Municipal High Income Trust (MHI) 0.1 $258k 19k 13.40
LMP Corporate Loan Fund 0.1 $239k 20k 11.72
BlackRock Senior High Income Fund 0.1 $247k 64k 3.88
Dreyfus Strategic Muni. 0.1 $244k 31k 7.77
Putnam Managed Municipal Income Trust (PMM) 0.1 $250k 36k 6.91
Nuveen California Select Qlty Mun Inc Fu 0.1 $244k 19k 13.01
Market Vectors High Yield Muni. Ind 0.1 $225k 7.9k 28.45
MFS Municipal Income Trust (MFM) 0.1 $224k 35k 6.41
Pioneer Municipal High Income Advantage (MAV) 0.1 $224k 18k 12.39
Eaton Vance Cali Muni Bnd Fnd (EVM) 0.1 $229k 20k 11.24
Templeton Emerging Markets Income Fund (TEI) 0.1 $209k 13k 16.33
Invesco Municipal Income Opp Trust (OIA) 0.1 $207k 34k 6.18
Invesco Municipal Inc Opp Trust II (OIB) 0.1 $202k 30k 6.80
MFS High Income Municipal Trust (CXE) 0.1 $213k 45k 4.69
Nuveen Performance Plus Municipal Fund 0.1 $197k 15k 13.49
Invesco Municipal Inc Opp Trust III 0.1 $193k 26k 7.31
MFS High Yield Municipal Trust (CMU) 0.1 $181k 42k 4.31
Nuveen Insured CA Premium Inc Fd II 0.1 $167k 13k 12.58
Nuveen Premium Income Muni Fd 4 0.1 $154k 13k 11.90