Loeb Arbitrage Management

Loeb Arbitrage Management as of Dec. 31, 2011

Portfolio Holdings for Loeb Arbitrage Management

Loeb Arbitrage Management holds 77 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Novellus Systems 9.9 $23M 546k 41.29
Transatlantic Holdings 9.7 $22M 402k 54.73
Southern Union Company 7.4 $17M 400k 42.11
Goodrich Corporation 5.5 $13M 101k 123.70
NetLogic Microsystems 4.1 $9.4M 190k 49.57
S1 Corporation 3.8 $8.6M 900k 9.57
Dollar Thrifty Automotive 3.4 $7.6M 109k 70.26
SuccessFactors 3.1 $7.2M 180k 39.87
Complete Production Services 3.1 $7.1M 212k 33.56
Central European Media sr nt cv 5%15 2.9 $6.6M 11M 0.63
RSC Holdings 2.4 $5.6M 300k 18.50
El Paso Corporation 2.0 $4.5M 170k 26.57
99 Cents Only Stores 2.0 $4.5M 204k 21.95
American Dental Partners 1.9 $4.4M 233k 18.83
Winn-Dixie Stores 1.9 $4.2M 450k 9.38
Gyrodyne Company of America 1.7 $3.9M 38k 102.00
Ralcorp Holdings 1.7 $3.8M 45k 85.49
Pennichuck Corporation (PNNW) 1.6 $3.5M 123k 28.83
Gold Reserve 1.5 $3.3M 1.2M 2.80
Constellation Energy 1.4 $3.2M 81k 39.67
Advanced Analogic Technologies In 1.4 $3.1M 545k 5.78
Global Eagle Acquisition Cor 1.4 $3.1M 325k 9.57
Affymax (AFFY) 1.3 $3.0M 455k 6.61
HealthSpring 1.3 $2.9M 53k 54.53
Charming Shoppes 1.1 $2.5M 510k 4.90
Shanda Interactive Entertainment 1.0 $2.3M 58k 40.01
Inx (INXI) 1.0 $2.3M 264k 8.75
Unisys Corp 6.25% Cv Pfd A cvp 1.0 $2.3M 38k 60.60
DemandTec 1.0 $2.3M 172k 13.17
Lam Research Corporation (LRCX) 1.0 $2.2M 59k 37.02
SonoSite 0.9 $2.2M 40k 53.85
Mbia (MBI) 0.9 $2.0M 176k 11.59
RightNow Technologies 0.9 $2.0M 48k 42.74
ISTA Pharmaceuticals 0.8 $1.8M 260k 7.05
McCormick & Schmick's Seafood Restaurant (MSSR) 0.8 $1.8M 204k 8.74
Morton's Restaurant 0.7 $1.6M 237k 6.88
Pharmasset 0.7 $1.5M 12k 128.17
Pinnacle Data Systems (PNS) 0.7 $1.5M 633k 2.38
Visteon Corporation (VC) 0.7 $1.5M 30k 49.93
Tekelec 0.7 $1.5M 135k 10.93
Comverse Technology 0.6 $1.4M 200k 6.86
Blue Coat Systems 0.6 $1.3M 52k 25.44
Yahoo! 0.6 $1.3M 80k 16.12
Delphi Financial 0.5 $1.2M 27k 44.29
Maxygen 0.5 $1.2M 209k 5.63
Onyx Pharmaceuticals 0.5 $1.2M 27k 43.96
Commercial Metals Company (CMC) 0.5 $1.1M 83k 13.83
WCA Waste Corporation (WCAA) 0.5 $1.1M 170k 6.51
Cryptologic 0.5 $1.1M 461k 2.37
Motorola Mobility Holdings 0.4 $989k 26k 38.78
Parkvale Financial (PVSA) 0.4 $973k 40k 24.58
Veno 0.4 $963k 142k 6.78
Chinacast Education Corporation (CAST) 0.4 $907k 148k 6.12
Solitario Expl & Rty Corp (XPL) 0.4 $859k 601k 1.43
PharMerica Corporation 0.3 $774k 51k 15.18
China Real Estate Info Corp 0.2 $551k 136k 4.05
Tower Ban 0.2 $469k 16k 28.53
Valpey-Fisher Corporation (VPF) 0.2 $486k 118k 4.12
Sanofi Aventis Wi Conval Rt 0.2 $467k 390k 1.20
Cogdell Spencer 0.2 $425k 100k 4.25
Fushi Copperweld 0.2 $406k 54k 7.52
Vulcan Materials Company (VMC) 0.2 $394k 10k 39.40
AUSTRALIA ACQUISITION Corp *w Exp99/99/999 warrant 0.2 $395k 1.1M 0.37
Magma Design Automation 0.2 $359k 50k 7.18
JAKKS Pacific 0.1 $310k 22k 14.09
Herald National Bank (HNB) 0.1 $298k 85k 3.51
Baldwin Technology 0.1 $280k 311k 0.90
Global Eagle Acquisition Cor *w exp 05/13/201 0.1 $225k 500k 0.45
Parlux Fragrances 0.1 $215k 42k 5.09
Denison Mines Corp (DNN) 0.1 $194k 155k 1.25
Jaguar Mng 0.1 $195k 31k 6.39
Vertro (VTRO) 0.1 $149k 144k 1.03
Amarin Corporation (AMRN) 0.1 $138k 55k 2.51
Universal Business Pmt Sol A *w exp 05/09/201 0.1 $142k 525k 0.27
Cazador Acquisition Corporat *w exp 99/99/999 0.1 $117k 585k 0.20
Talbots 0.0 $80k 30k 2.67
iShares MSCI Japan Index 0.0 $11k 350k 0.03