Level Management

Level Global Investors as of Sept. 30, 2004

Portfolio Holdings for Level Global Investors

Level Global Investors holds 11 positions in its portfolio as reported in the September 2004 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Google 22.3 $9.7M 75k 129.60
Goldman Sachs (GS) 16.1 $7.0M 75k 93.24
eBay (EBAY) 15.8 $6.9M 75k 91.95
International Business Machines (IBM) 14.8 $6.4M 75k 85.75
MGIC Investment (MTG) 7.7 $3.3M 50k 66.56
International Paper Company (IP) 7.0 $3.0M 75k 40.41
Overstock (BYON) 4.2 $1.8M 50k 36.74
Stelmar Shipping 3.9 $1.7M 45k 37.80
Echostar Communications Corpor 3.6 $1.6M 50k 31.12
Si Intl Inc Com Stk 3.5 $1.5M 70k 21.91
Aquantive 1.1 $483k 50k 9.66