Mariner Investment Group

Mariner Investment as of March 31, 2012

Portfolio Holdings for Mariner Investment

Mariner Investment holds 89 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Liberty Media Corp New deb 3.125% 3/3 17.8 $33M 27M 1.21
Omnicare Cap Tr Ii pfd b tr 4.00% 10.3 $19M 395k 47.66
National Retail Properties I note 5.125% 6/1 8.5 $16M 14M 1.12
Great Plains Energy Inc unit 06/15/2042 7.5 $14M 225k 61.10
Ppl Corporation 8.75% pfd cv 5.1 $9.4M 175k 53.63
National Retail Properties I note 3.950% 9/1 4.7 $8.6M 7.5M 1.14
Goodrich Corporation 3.9 $7.1M 57k 125.45
General Mtrs Co *w exp 07/10/201 3.6 $6.7M 399k 16.69
Entertainment Pptys Tr pfd c cnv 5.75% 3.5 $6.3M 311k 20.28
Progress Energy 3.2 $5.9M 112k 53.11
Annaly Cap Mgmt Inc note 4.000% 2/1 2.6 $4.8M 4.1M 1.16
El Paso Energy Cap Tr I pfd cv tr secs (EP.PC) 2.2 $4.1M 88k 46.10
Halliburton Company (HAL) 2.2 $4.0M 121k 33.18
Spdr S&p 500 Etf (SPY) 2.0 $3.7M 1.6M 2.38
RSC Holdings 2.0 $3.7M 165k 22.59
Unisource Energy Corp note 4.500% 3/0 1.8 $3.2M 3.0M 1.07
Kinder Morgan Management 1.6 $3.0M 40k 74.64
El Paso Corporation 1.2 $2.3M 77k 29.55
Tesoro Corporation 1.2 $2.1M 80k 26.84
RMR Asia Pacific Real Estate Fund 1.1 $2.0M 124k 16.10
L-3 Communications Corp debt 3.000% 8/0 1.1 $2.0M 2.0M 0.98
Novellus Systems 0.9 $1.7M 35k 49.91
Transcend Services 0.8 $1.5M 50k 29.36
Nstar 0.6 $1.2M 24k 48.63
Foster Wheeler Ltd Com Stk 0.6 $1.0M 46k 22.76
General Electric Company 0.6 $1.0M 50k 20.08
Apache Corporation 0.6 $1.0M 10k 100.40
Valero Energy Corporation (VLO) 0.6 $1.0M 39k 25.77
Cablevision Systems Corporation 0.6 $1.0M 69k 14.68
Kirby Corporation (KEX) 0.5 $987k 15k 65.80
Hollyfrontier Corp 0.5 $965k 30k 32.17
Concho Resources 0.5 $919k 9.0k 102.11
United States Steel Corporation 0.5 $881k 30k 29.37
PharMerica Corporation 0.4 $702k 57k 12.42
True Religion Apparel 0.4 $685k 25k 27.40
Quest Software 0.4 $686k 30k 23.25
American Water Works (AWK) 0.4 $681k 20k 34.05
Freeport-McMoRan Copper & Gold (FCX) 0.3 $495k 13k 38.08
Kinder Morgan Energy Partners 0.3 $497k 6.0k 82.83
Resolute Energy Corp *w exp 09/25/201 0.3 $477k 320k 1.49
Apollo Residential Mortgage 0.2 $448k 24k 18.40
Us Natural Gas Fd Etf 0.2 $393k 25k 15.91
Sprott Physical Silver Tr tr unit (PSLV) 0.2 $360k 26k 13.64
Comcast Corporation 0.2 $289k 9.8k 29.49
McMoRan Exploration 0.1 $247k 71k 3.47
Kodiak Oil & Gas 0.1 $249k 25k 9.96
Annaly Capital Management 0.1 $234k 236k 0.99
Comverse Technology 0.1 $240k 35k 6.86
Cnooc 0.1 $225k 1.1k 204.55
ROYAL BK SCOTLAND Group Plc sp adr pref t 0.1 $224k 12k 18.98
Walgreen Company 0.1 $201k 6.0k 33.50
Directv 0.1 $178k 78k 2.28
Stillwater Mining Company 0.1 $177k 14k 12.64
ROYAL BK SCOTLAND Group Plc sp adr pref m 0.1 $186k 11k 16.46
Mosaic (MOS) 0.1 $184k 71k 2.58
Rex Energy Corporation 0.1 $160k 15k 10.67
Willbros 0.1 $171k 53k 3.24
Sanofi Aventis Wi Conval Rt 0.1 $162k 120k 1.35
Gastar Exploration 0.1 $149k 50k 2.98
iShares MSCI Singapore Index Fund 0.1 $155k 12k 12.92
Pepsi (PEP) 0.1 $124k 50k 2.48
Quicksilver Resources 0.1 $126k 25k 5.04
Alpha Natural Resources 0.1 $105k 75k 1.40
Cameron International Corporation 0.1 $118k 51k 2.30
Cosi 0.1 $108k 100k 1.08
Carnival Corporation (CCL) 0.1 $87k 60k 1.45
Vornado Realty Trust (VNO) 0.1 $84k 25k 3.36
Chesapeake Energy Corporation 0.1 $90k 54k 1.68
A. H. Belo Corporation 0.1 $93k 19k 4.89
Gramercy Capital 0.0 $76k 29k 2.67
Talbots 0.0 $58k 19k 3.05
AutoNation (AN) 0.0 $32k 100k 0.32
Costco Wholesale Corporation (COST) 0.0 $45k 13k 3.60
Hewlett-Packard Company 0.0 $44k 75k 0.59
Caterpillar (CAT) 0.0 $13k 14k 0.91
Gap (GAP) 0.0 $12k 25k 0.48
Guess? (GES) 0.0 $20k 71k 0.28
CurrencyShares Japanese Yen Trust 0.0 $10k 10k 1.00
Cazador Acquisition Corporat *w exp 99/99/999 0.0 $10k 31k 0.32
Hicks Acquisition Co Ii-cw17 0.0 $19k 30k 0.63
Marathon Petroleum Corp (MPC) 0.0 $15k 20k 0.75
Las Vegas Sands (LVS) 0.0 $6.0k 35k 0.17
Baker Hughes Incorporated 0.0 $2.1k 36k 0.06
General Mills (GIS) 0.0 $5.0k 50k 0.10
Total (TTE) 0.0 $8.0k 10k 0.80
Lowe's Companies (LOW) 0.0 $1.0k 26k 0.04
Yahoo! 0.0 $8.5k 107k 0.08
ATP Oil & Gas Corporation 0.0 $7.0k 20k 0.35
B&G Foods (BGS) 0.0 $3.0k 10k 0.30