Level Management

Level Global Investors as of Dec. 31, 2006

Portfolio Holdings for Level Global Investors

Level Global Investors holds 103 positions in its portfolio as reported in the December 2006 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Qualcomm (QCOM) 6.4 $127M 3.4M 37.79
Adobe Systems Incorporated (ADBE) 6.2 $123M 3.0M 41.12
Applied Materials (AMAT) 4.2 $83M 4.5M 18.45
Comcast Corporation (CMCSA) 3.3 $65M 1.5M 42.33
SanDisk Corporation 3.3 $65M 1.5M 43.03
Liberty Global 3.0 $59M 2.1M 28.00
Sina Corporation 2.6 $51M 1.8M 28.70
CB Richard Ellis 2.5 $50M 1.5M 33.20
Comverse Technology 2.4 $48M 2.3M 21.11
Lincoln National Corporation (LNC) 2.4 $47M 700k 66.40
Google 2.3 $46M 100k 460.48
Bearingpoint 2.3 $45M 5.8M 7.87
American Intl Group 2.2 $43M 600k 71.66
Mellon Financial Corp. 2.1 $42M 1.0M 42.15
Ntl Inc Del 2.0 $41M 1.6M 25.24
H.J. Heinz Company 1.9 $37M 825k 45.01
Charles Schwab Corporation (SCHW) 1.7 $34M 1.8M 19.34
Bank Of New York 1.7 $34M 850k 39.37
Alltel Corporation 1.7 $33M 550k 60.48
Wendys Internat'l 1.7 $33M 1.0M 33.09
Ameriprise Financial (AMP) 1.7 $33M 600k 54.50
Ceridian Corp. 1.6 $32M 1.2M 27.98
General Motors Corp 1.5 $30M 975k 30.72
Sap (SAP) 1.5 $29M 550k 53.10
Bea Systems 1.5 $29M 2.3M 12.58
Overseas Shipholding 1.4 $28M 500k 56.30
First Data Corp 1.4 $28M 1.1M 25.52
Tim Hortons Inc Com Stk 1.4 $28M 962k 28.96
Symantec Corporation 1.3 $26M 1.3M 20.85
Sprint Nextel Corporation 1.1 $23M 1.2M 18.89
Broadcom Corporation 1.1 $23M 700k 32.31
Ship Finance Intl 1.1 $22M 925k 23.76
News Corporation 1.1 $22M 1.0M 21.48
NII Holdings 1.1 $21M 325k 64.44
Cameron International Corporation 1.0 $20M 375k 53.05
Level 3 Communications 1.0 $20M 3.5M 5.60
Activision 1.0 $19M 1.1M 17.24
KBR (KBR) 0.9 $18M 700k 26.16
MetLife (MET) 0.9 $18M 300k 59.01
Liberty Media 0.9 $17M 175k 97.98
F5 Networks (FFIV) 0.8 $17M 227k 74.21
Focus Media Holding 0.8 $17M 250k 66.39
Lazard Ltd-cl A shs a 0.8 $15M 325k 47.34
Starbucks Corporation (SBUX) 0.7 $14M 400k 35.42
Barnes & Noble 0.7 $14M 350k 39.71
Cypress Semiconductor Corporation 0.6 $13M 750k 16.87
Range Resources (RRC) 0.6 $12M 450k 27.46
Scientific Games (LNW) 0.6 $12M 400k 30.23
Energy Conversion Devices 0.6 $12M 350k 33.98
General Mills (GIS) 0.6 $12M 200k 57.60
Home Inns & Hotels Management 0.6 $11M 300k 37.54
Borders (BGP) 0.5 $11M 470k 22.35
Westfield Financial 0.5 $10M 600k 16.98
Tessera Technologies 0.5 $10M 250k 40.34
Hess (HES) 0.5 $9.9M 200k 49.57
Vivo Particps 0.5 $9.2M 2.3M 4.10
Regis Corporation 0.5 $8.9M 225k 39.54
Fomento Economico Mexicano SAB (FMX) 0.4 $8.7M 75k 115.76
Grupo Televisa (TV) 0.4 $8.8M 325k 27.01
priceline.com Incorporated 0.4 $8.7M 200k 43.61
International Game Technology 0.4 $8.1M 175k 46.20
eLong 0.4 $7.8M 600k 13.01
Scotts Miracle-Gro Company (SMG) 0.4 $7.7M 150k 51.65
NOBLE CORPORATION Com Stk 0.4 $7.6M 100k 76.15
Abb (ABBNY) 0.4 $7.2M 400k 17.98
Charter Communications Inc D cl a 0.3 $6.9M 2.3M 3.06
Newfield Exploration 0.3 $6.9M 150k 45.95
SUPERIOR WELL SERVICES INC Com Stk 0.3 $6.4M 250k 25.56
National-Oilwell Var 0.3 $6.1M 100k 61.18
Linear Technology Corporation 0.3 $6.1M 200k 30.32
Metabolix 0.3 $6.2M 326k 18.94
Xto Energy 0.3 $5.9M 125k 47.05
GateHouse Media (GHSE) 0.3 $5.8M 315k 18.56
Southwestern Energy Company (SWN) 0.3 $5.3M 150k 35.05
Coca-Cola Company (KO) 0.2 $4.8M 100k 48.25
Archer Daniels Midland Company (ADM) 0.2 $4.8M 150k 31.96
Astoria Financial Corporation 0.2 $4.5M 150k 30.16
General Maritime Corp 0.2 $4.4M 125k 35.19
Aircastle 0.2 $4.4M 150k 29.50
DreamWorks Animation SKG 0.2 $4.4M 150k 29.49
Aercap Holdings Nv Ord Cmn (AER) 0.2 $4.1M 175k 23.18
Sohu 0.2 $3.6M 150k 24.00
Devon Energy Corporation (DVN) 0.2 $3.4M 50k 67.08
EMC Corporation 0.2 $3.3M 250k 13.20
New Oriental Education & Tech 0.2 $3.4M 100k 33.54
Cnx Gas 0.2 $3.2M 125k 25.50
Illinois Tool Works (ITW) 0.1 $2.3M 50k 46.20
O2Micro International 0.1 $2.0M 234k 8.55
Hurray Hldgs 0.1 $1.9M 300k 6.20
Wild Oats Markets 0.1 $1.4M 100k 14.38
Apple (AAPL) 0.1 $963k 250k 3.85
Bucyrus International 0.0 $870k 200k 4.35
NVIDIA Corporation (NVDA) 0.0 $495k 300k 1.65
Spdr S&p 500 Etf (SPY) 0.0 $325k 500k 0.65
Take-Two Interactive Software (TTWO) 0.0 $338k 250k 1.35
Cablevision Systems Corporation 0.0 $360k 200k 1.80
Citrix Systems 0.0 $140k 500k 0.28
Business Objects Sa Levallois 0.0 $105k 100k 1.05
Corning Incorporated (GLW) 0.0 $4.0k 200k 0.02
Washington Mutual 0.0 $80k 200k 0.40
Cisco Systems (CSCO) 0.0 $45k 2.3M 0.02
Electronic Arts (EA) 0.0 $9.0k 300k 0.03
Countrywide Financial Corp 0.0 $10k 200k 0.05