Loeb Arbitrage Management

Loeb Arbitrage Management as of Dec. 31, 2010

Portfolio Holdings for Loeb Arbitrage Management

Loeb Arbitrage Management holds 110 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
Emergency Medical Services Corporation 6.8 $19M 297k 64.61
Alcon 4.6 $13M 81k 163.39
Genzyme Corporation 3.4 $9.7M 137k 71.20
Industries N shs - a - (LYB) 2.8 $7.9M 231k 34.40
Del Monte Foods Company 2.5 $7.2M 383k 18.80
McAfee 2.5 $7.1M 154k 46.31
CNA Surety Corporation 2.5 $7.0M 297k 23.68
Pride International 2.4 $6.8M 205k 33.00
Promotora De Informaciones S adr cl b conv 2.3 $6.5M 683k 9.54
A D A M 2.2 $6.3M 884k 7.18
Usec Inc note 3.000%10/0 2.2 $6.3M 7.0M 0.90
China Med Technologies Inc note 4.000% 8/1 2.0 $5.6M 6.5M 0.85
Occam Networks (OCNW) 1.9 $5.4M 625k 8.67
RAE Systems (RAE) 1.8 $5.2M 3.2M 1.61
Adobe Systems Incorporated (ADBE) 1.8 $5.1M 165k 30.78
Australia Acquisition Corp 1.7 $4.8M 498k 9.65
DOUBLE HULL TANKERS INC COM Stk 1.7 $4.8M 1.0M 4.65
AirTran Holdings 1.7 $4.7M 642k 7.39
Monroe Bancorp 1.6 $4.7M 325k 14.37
T-3 Energy Services 1.6 $4.6M 115k 39.83
CommScope 1.6 $4.5M 145k 31.22
Syniverse Holdings 1.6 $4.4M 144k 30.85
King Pharmaceuticals 1.5 $4.4M 310k 14.05
Airgas 1.4 $4.1M 66k 62.46
Semgroup Corp cl a 1.4 $3.9M 143k 27.17
Nicor 1.3 $3.7M 75k 49.92
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 1.3 $3.7M 3.7k 1000.54
Solitario Expl & Rty Corp (XPL) 1.3 $3.6M 988k 3.63
VCG Holding (VCGH) 1.2 $3.3M 1.5M 2.19
Alberto-Culver Company 1.1 $3.2M 88k 37.04
Cazador Acquisition Corporat 1.1 $3.1M 325k 9.65
Jo-Ann Stores 1.1 $3.0M 50k 60.22
Bucyrus International 1.0 $2.9M 33k 89.39
Eurand N V 1.0 $3.0M 250k 11.83
EXCO Resources 1.0 $2.9M 150k 19.42
Tenet Healthcare Corporation 1.0 $2.9M 433k 6.69
Qiao Xing Mobile 1.0 $2.9M 705k 4.06
Dollar Thrifty Automotive 0.9 $2.7M 57k 47.25
Matrixx Initiatives (MTXX) 0.9 $2.6M 311k 8.46
J. Crew 0.9 $2.6M 60k 43.13
Dynamex 0.9 $2.6M 104k 24.76
Baldor Electric Company 0.9 $2.5M 40k 63.05
Zoran Corporation 0.9 $2.5M 280k 8.80
Harvest Natural Resources 0.8 $2.4M 197k 12.17
First Franklin (FFHS) 0.8 $2.4M 165k 14.35
Dionex Corporation 0.8 $2.3M 20k 118.03
Capital Gold Corporation 0.8 $2.3M 453k 5.11
Beckman Coulter 0.7 $2.1M 28k 75.23
NGAS Resources (NGAS) 0.7 $2.1M 3.7M 0.56
BMP Sunstone (BJGP) 0.7 $2.0M 205k 9.91
L-1 Identity Solutions 0.7 $2.0M 165k 11.91
Trintech Group Plc spons 0.7 $1.9M 296k 6.57
Packaging Corporation of America (PKG) 0.6 $1.8M 70k 25.84
Mediacom Communications Corporation 0.6 $1.8M 210k 8.47
SPDR Gold Trust (GLD) 0.6 $1.7M 13k 138.72
Ladish 0.6 $1.7M 36k 48.63
Cloud Peak Energy 0.6 $1.7M 75k 23.23
Lincoln National Corporation (LNC) 0.6 $1.7M 61k 27.81
Massey Energy Company 0.5 $1.4M 25k 53.66
China Medical Technologies 0.5 $1.3M 117k 11.24
Cypress Bioscience (CYPB) 0.5 $1.3M 200k 6.48
Pain Therapeutics 0.4 $1.2M 180k 6.75
Cadence Financial Corporation 0.4 $1.2M 498k 2.46
Talecris Biotherapeutics Holdings 0.4 $1.2M 53k 23.30
Voltaire Ltd ord 0.4 $1.2M 141k 8.65
Smurfit-stone Container Corp 0.4 $1.2M 47k 25.60
Qwest Communications International 0.4 $1.2M 154k 7.61
Applied Signal Technology 0.4 $1.1M 30k 37.90
Nu Horizons Electronics (NUHC) 0.4 $1.1M 163k 6.98
Pennichuck Corporation (PNNW) 0.4 $1.1M 42k 27.36
Cheniere Energy Inc note 2.250% 8/0 0.4 $1.1M 1.5M 0.74
Novell 0.4 $1.1M 185k 5.92
CPI International 0.4 $1.1M 55k 19.36
Pre-Paid Legal Services 0.4 $1.0M 17k 60.24
China Med Technologies Inc note 3.500%11/1 0.3 $1.0M 1.0M 1.00
Richardson Electronics (RELL) 0.3 $925k 79k 11.69
Hewlett-Packard Company 0.3 $912k 22k 42.11
Medical Action Industries 0.3 $856k 89k 9.57
Whitney Holding 0.3 $849k 60k 14.15
Shamir Optical Industry 0.3 $841k 61k 13.74
Benihana 0.3 $827k 103k 8.01
Martek Biosciences 0.3 $783k 25k 31.32
Citi 0.3 $739k 1.3M 0.59
Tongjitang Chinese Medicines (TCM) 0.2 $666k 156k 4.27
1-800-flowers (FLWS) 0.2 $644k 239k 2.69
NaviSite 0.2 $664k 179k 3.71
Ness Technologies 0.2 $594k 100k 5.94
Todd Shipyards Corporation (TOD) 0.2 $587k 26k 22.40
Optelecom-nkf 0.2 $610k 253k 2.41
PRGX Global 0.2 $565k 89k 6.33
Qiao Xing Universal Telephone Com Stk 0.2 $569k 201k 2.83
Mercer Insurance (MIGP) 0.2 $572k 20k 28.00
WPCS International Incorporated (WPCS) 0.2 $560k 205k 2.73
Universal American Corporation 0.2 $511k 25k 20.44
Furiex Pharmaceuticals 0.2 $506k 35k 14.46
RCM Technologies (RCMT) 0.2 $463k 100k 4.63
Dynegy 0.1 $431k 77k 5.62
Rock Of Ages Corp Vt cl a 0.1 $399k 76k 5.23
Genoptix 0.1 $380k 20k 19.00
Lasercard Corp 0.1 $338k 54k 6.25
Doral Financial 0.1 $317k 230k 1.38
Caraco Pharmaceutical Laboratories 0.1 $204k 45k 4.53
BlueLinx Holdings 0.1 $194k 53k 3.66
Ltx Credence Corporation 0.1 $161k 22k 7.39
Fushi Copperweld 0.1 $136k 15k 8.86
Lions Gate Entertainment 0.1 $149k 23k 6.53
Northrop Grumman Corporation (NOC) 0.0 $69k 19k 3.61
iShares MSCI Japan Index 0.0 $23k 258k 0.09
Research In Motion 0.0 $9.2k 49k 0.19
iShares MSCI Hong Kong Index Fund (EWH) 0.0 $3.0k 34k 0.09