Level Management

Level Global Investors as of Dec. 31, 2005

Portfolio Holdings for Level Global Investors

Level Global Investors holds 71 positions in its portfolio as reported in the December 2005 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Google 6.9 $76M 183k 414.86
Motorola 6.1 $67M 3.0M 22.59
Altria (MO) 5.5 $60M 800k 74.72
Qualcomm (QCOM) 4.3 $47M 1.1M 43.08
Adobe Systems Incorporated (ADBE) 3.4 $37M 1.0M 36.96
Business Objects Sa Levallois 3.2 $35M 875k 40.41
Viacom Inc cl b 3.0 $33M 1.0M 32.60
Liberty Global 2.7 $30M 1.4M 21.20
SVB Financial (SIVBQ) 2.6 $28M 600k 46.84
SanDisk Corporation 2.3 $25M 400k 62.82
Digitas 2.3 $25M 2.0M 12.52
Overseas Shipholding 2.2 $24M 485k 50.39
Hewlett-Packard Company 2.2 $24M 850k 28.63
Synaptics, Incorporated (SYNA) 2.2 $24M 965k 24.72
Ctrip.com International 2.1 $23M 400k 57.75
Focus Media Holding 2.0 $22M 650k 33.77
Washington Mutual 2.0 $22M 500k 43.50
Oracle Corporation (ORCL) 1.9 $21M 1.8M 12.21
Dell 1.9 $21M 700k 29.95
International Business Machines (IBM) 1.9 $21M 250k 82.20
Merrill Lynch & Co. 1.9 $20M 300k 67.73
Infosys Technologies (INFY) 1.9 $20M 250k 80.86
Scientific Games (LNW) 1.6 $18M 650k 27.28
Mellon Financial Corp. 1.6 $17M 500k 34.25
Electronic Data Systems Corp 1.5 $17M 700k 24.04
Wendys Internat'l 1.5 $17M 300k 55.26
Marsh & McLennan Companies (MMC) 1.4 $16M 500k 31.76
Unibanco-gdr gdrprdreput 1.4 $16M 250k 63.57
Cogent 1.3 $15M 640k 22.68
Birch Mountain Resources (BHMNF) 1.3 $14M 2.0M 7.17
Applied Materials (AMAT) 1.3 $14M 800k 17.94
Bea Systems 1.3 $14M 1.5M 9.40
Unisys Corp. 1.3 $14M 2.4M 5.83
Standard Pacific 1.0 $11M 300k 36.80
Hudson City Ban 1.0 $11M 900k 12.12
Allstate Corporation (ALL) 1.0 $11M 200k 54.07
eBay (EBAY) 1.0 $11M 250k 43.22
American Intl Group 0.9 $10M 150k 68.23
Energy Conversion Devices 0.9 $10M 250k 40.75
MEMC Electronic Materials 0.9 $10M 450k 22.17
Tibco Software 0.8 $9.3M 1.3M 7.47
Satyam Computer Services (SAYCY) 0.8 $9.1M 250k 36.59
Beazer Homes USA 0.8 $9.1M 125k 72.84
Transocean 0.8 $8.7M 125k 69.69
SunPower Corporation 0.8 $8.5M 250k 33.99
SLM Corporation (SLM) 0.8 $8.3M 150k 55.09
CBS Corporation 0.7 $7.7M 300k 25.50
Aon Corporation 0.7 $7.2M 200k 35.95
Ensco International Incorporat 0.7 $7.1M 160k 44.35
Marvell Technology Group 0.6 $7.0M 125k 56.09
Federal Home Loan Mortgage (FMCC) 0.6 $6.5M 100k 65.35
THQ 0.6 $6.1M 255k 23.85
FirstFed Financial 0.5 $5.5M 100k 54.52
Lincoln National Corporation (LNC) 0.5 $5.3M 100k 53.03
Franklin Resources (BEN) 0.4 $4.7M 50k 94.02
Activision 0.4 $4.5M 325k 13.74
ValueClick 0.4 $4.5M 250k 18.11
Ship Finance Intl 0.4 $4.3M 255k 16.90
eLong 0.3 $3.6M 356k 10.10
Spansion Inc Com Stk 0.3 $3.5M 250k 13.93
GameStop (GME) 0.3 $3.2M 100k 31.82
Suntech Power Holdings 0.2 $2.7M 100k 27.25
Marchex (MCHX) 0.2 $2.2M 100k 22.49
Southwestern Energy Company 0.2 $1.8M 50k 35.94
Global Industries 0.1 $1.4M 125k 11.35
EOG Resources (EOG) 0.1 $600k 200k 3.00
InterOil Corporation 0.0 $308k 150k 2.05
Electronic Arts (EA) 0.0 $108k 200k 0.54
Countrywide Financial Corp 0.0 $80k 250k 0.32
Micron Technology (MU) 0.0 $80k 1.0M 0.08
MicroStrategy Incorporated (MSTR) 0.0 $3.0k 50k 0.06