Loeb Arbitrage Management

Loeb Arbitrage Management as of March 31, 2011

Portfolio Holdings for Loeb Arbitrage Management

Loeb Arbitrage Management holds 129 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Family Dollar Stores 4.9 $16M 316k 51.32
Pride International 4.2 $14M 321k 42.95
Fronteer Gold 3.5 $12M 760k 15.13
Genzyme Corporation 3.4 $11M 147k 76.15
Beckman Coulter 2.4 $7.9M 95k 83.07
Citi 2.2 $7.4M 1.7M 4.42
Verint Systems (VRNT) 2.1 $7.0M 196k 35.84
Emergency Medical Services Corporation 2.0 $6.5M 103k 63.59
Industries N shs - a - (LYB) 1.9 $6.3M 160k 39.55
Dollar Thrifty Automotive 1.8 $6.0M 90k 66.73
Australia Acquisition Corp 1.8 $5.9M 610k 9.64
Alberto-Culver Company 1.7 $5.5M 148k 37.27
Atheros Communications 1.6 $5.3M 119k 44.66
Pfizer (PFE) 1.5 $5.0M 249k 20.31
AirTran Holdings 1.5 $5.0M 668k 7.45
Smurfit-stone Container Corp 1.5 $4.9M 126k 38.65
IDT Corporation (IDT) 1.4 $4.7M 174k 26.95
Cephalon 1.4 $4.6M 60k 76.08
Capital Gold Corporation 1.4 $4.5M 705k 6.44
Adobe Systems Incorporated (ADBE) 1.4 $4.5M 137k 33.16
Tenet Healthcare Corporation 1.4 $4.5M 602k 7.45
Nicor 1.3 $4.4M 82k 53.71
RAE Systems (RAE) 1.3 $4.3M 2.4M 1.76
NYSE Euronext 1.3 $4.2M 118k 35.17
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 1.2 $4.1M 3.9k 1035.28
Technology Research Corporation (TRCI) 1.2 $4.0M 560k 7.14
Schlumberger (SLB) 1.2 $3.9M 42k 93.26
DOUBLE HULL TANKERS INC COM Stk 1.2 $3.9M 810k 4.81
BJ's Wholesale Club 1.1 $3.8M 77k 48.82
Wimm-Bill-Dann Foods OJSC 1.1 $3.7M 110k 33.47
Semgroup Corp cl a 1.1 $3.6M 128k 28.16
Dionex Corporation 1.1 $3.5M 30k 118.07
Packaging Corporation of America (PKG) 1.0 $3.4M 118k 28.89
Clinical Data (CLDA) 1.0 $3.4M 111k 30.30
RehabCare 1.0 $3.4M 91k 36.87
America Service (ASGR) 1.0 $3.3M 131k 25.64
Retail Ventures 1.0 $3.3M 192k 17.25
Cazador Acquisition Corporat 1.0 $3.2M 329k 9.68
Pulse Electronics 0.9 $3.1M 519k 6.05
Wilmington Trust Corporation 0.9 $3.1M 685k 4.52
Zoran Corporation 0.9 $3.1M 299k 10.39
Solitario Expl & Rty Corp (XPL) 0.9 $3.1M 862k 3.59
TGC Industries 0.9 $3.0M 385k 7.77
GSI Commerce 0.9 $2.9M 100k 29.27
EXCO Resources 0.9 $2.9M 140k 20.66
Universal American Corporation 0.9 $2.8M 124k 22.91
Lear Corporation (LEA) 0.8 $2.8M 57k 48.88
Celera Corporation 0.8 $2.8M 340k 8.11
Pennichuck Corporation (PNNW) 0.8 $2.6M 92k 28.49
Big Lots (BIG) 0.8 $2.5M 59k 43.44
Usec Inc note 3.000%10/0 0.8 $2.5M 3.1M 0.80
International Coal 0.8 $2.5M 219k 11.30
Mosaic Company 0.7 $2.4M 30k 78.74
Ladish 0.7 $2.4M 43k 54.64
SPDR Gold Trust (GLD) 0.7 $2.2M 16k 139.88
Answers Corporation 0.7 $2.2M 211k 10.40
JPMorgan Chase & Co. (JPM) 0.6 $2.1M 46k 46.11
ITT Corporation 0.6 $2.1M 35k 60.06
Massey Energy Company 0.6 $2.1M 30k 68.37
Qwest Communications International 0.6 $2.0M 287k 6.83
Conexant Systems 0.6 $1.9M 809k 2.39
Barclays Bk Plc Ipsp croil etn 0.6 $1.9M 68k 28.21
Sara Lee 0.6 $1.8M 105k 17.67
Spectrum Control 0.6 $1.8M 93k 19.68
NTELOS Holdings 0.6 $1.8M 98k 18.40
VCG Holding (VCGH) 0.5 $1.8M 802k 2.22
R.G. Barry 0.5 $1.7M 133k 13.09
NovaMed 0.5 $1.7M 129k 13.20
Airgas 0.5 $1.7M 25k 66.44
Cloud Peak Energy 0.5 $1.6M 75k 21.59
Emergent (LZR) 0.5 $1.6M 185k 8.46
Williams Companies (WMB) 0.5 $1.5M 48k 31.19
Marshall & Ilsley Corporation 0.4 $1.4M 178k 7.99
Novell 0.4 $1.4M 239k 5.93
Terremark Worldwide 0.4 $1.4M 75k 19.00
A.C. Moore Arts & Crafts 0.4 $1.4M 500k 2.74
Crexus Investment 0.4 $1.4M 120k 11.42
Lubrizol Corporation 0.4 $1.3M 10k 134.00
Pain Therapeutics 0.4 $1.3M 140k 9.56
Hughes Communications 0.4 $1.4M 23k 59.69
CNA Surety Corporation 0.4 $1.3M 51k 25.26
RC2 Corporation 0.4 $1.3M 45k 28.11
Cheniere Energy Inc note 2.250% 8/0 0.4 $1.2M 1.5M 0.82
Tongjitang Chinese Medicines (TCM) 0.3 $1.2M 260k 4.47
Lawson Software 0.3 $1.1M 95k 12.09
L-1 Identity Solutions 0.3 $1.1M 95k 11.78
Global Defense Tech Sys 0.3 $1.1M 46k 24.22
Whitney Holding 0.3 $1.1M 81k 13.62
Benihana 0.3 $1.1M 128k 8.43
Tollgrade Communications (TLGD) 0.3 $1.1M 105k 10.08
Shamir Optical Industry 0.3 $1.1M 77k 13.72
XETA Technologies (XETA) 0.3 $1.1M 196k 5.46
Abington Ban 0.3 $963k 79k 12.23
Chemspec International (CPC) 0.3 $912k 124k 7.37
Marathon Oil Corporation (MRO) 0.3 $906k 17k 53.29
TomoTherapy Incorporated 0.3 $871k 191k 4.57
Silverleaf Resorts (SVLF) 0.2 $835k 345k 2.42
1-800-flowers (FLWS) 0.2 $842k 255k 3.30
Visteon Corporation (VC) 0.2 $722k 12k 62.52
Accuride Corporation 0.2 $659k 47k 13.89
Caraco Pharmaceutical Laboratories 0.2 $612k 118k 5.20
Qiao Xing Mobile 0.2 $642k 157k 4.09
RCM Technologies (RCMT) 0.2 $626k 123k 5.09
Center Financial Corporation 0.2 $597k 81k 7.34
iStar Financial 0.2 $551k 60k 9.18
LaBranche & Co 0.1 $470k 120k 3.93
Hallmark Financial Services 0.1 $456k 54k 8.38
Qiao Xing Universal Telephone Com Stk 0.1 $461k 222k 2.08
Novartis (NVS) 0.1 $421k 7.8k 54.32
Ats 0.1 $443k 98k 4.51
ProLogis 0.1 $400k 25k 16.00
99 Cents Only Stores 0.1 $392k 20k 19.60
Ltx Credence Corporation 0.1 $322k 35k 9.14
NaviSite 0.1 $329k 60k 5.48
Rome Ban (ROME) 0.1 $290k 26k 11.28
Ness Technologies 0.1 $256k 40k 6.40
Online Resources Corporation 0.1 $265k 70k 3.79
Rural/Metro Corporation 0.1 $256k 15k 17.07
WPCS International Incorporated (WPCS) 0.1 $231k 97k 2.38
drugstore 0.1 $193k 50k 3.86
Cazador Acquisition Corporat *w exp 99/99/999 0.1 $210k 466k 0.45
AUSTRALIA ACQUISITION Corp *w Exp99/99/999 warrant 0.1 $209k 653k 0.32
Mentor Graphics Corporation 0.1 $164k 82k 2.00
iShares MSCI Japan Index 0.0 $113k 306k 0.37
Theragenics Corporation 0.0 $105k 50k 2.10
Northrop Grumman Corporation (NOC) 0.0 $81k 18k 4.50
Endwave Corporation (ENWV) 0.0 $55k 23k 2.38
Cryptologic 0.0 $33k 20k 1.65
iShares MSCI Hong Kong Index Fund (EWH) 0.0 $5.3k 66k 0.08