Mariner Investment Group

Mariner Investment as of Sept. 30, 2011

Portfolio Holdings for Mariner Investment

Mariner Investment holds 104 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
National Retail Properties I note 3.950% 9/1 11.7 $16M 15M 1.13
Liberty Media Corp New deb 3.125% 3/3 10.0 $14M 13M 1.09
E M C Corp Mass note 1.750%12/0 7.5 $11M 8.0M 1.31
Great Plains Energy Inc unit 06/15/2042 7.5 $11M 173k 60.33
Health Care Reit Inc Cvt cv bnd 5.0 $7.0M 6.5M 1.07
Health Care Reit Inc note 3.000%12/0 4.9 $6.9M 6.5M 1.06
Unisource Energy Corp note 4.500% 3/0 4.8 $6.7M 6.2M 1.07
Alliance Data Systems Corp note 1.750% 8/0 4.5 $6.4M 5.0M 1.27
Omnicare Cap Tr Ii pfd b tr 4.00% 4.2 $5.8M 145k 40.19
Annaly Cap Mgmt Inc note 4.000% 2/1 3.4 $4.7M 4.1M 1.14
Crexus Investment 3.2 $4.4M 500k 8.88
Vornado Rlty L P debt 3.0 $4.2M 4.0M 1.04
Procter & Gamble Company (PG) 2.9 $4.0M 63k 63.18
Horizon Lines Inc note 4.250% 8/1 2.5 $3.6M 4.9M 0.73
ROYAL BK SCOTLAND Group Plc sp adr pref t 1.5 $2.1M 176k 12.05
Kinder Morgan Management 1.5 $2.1M 36k 58.68
Newcastle Investment 1.5 $2.0M 500k 4.07
Entertainment Pptys Tr pfd c cnv 5.75% 1.4 $2.0M 109k 18.50
Pendrell Corp 1.3 $1.8M 798k 2.25
Graphic Packaging Holding Company (GPK) 1.0 $1.4M 400k 3.45
Devon Energy Corporation (DVN) 1.0 $1.4M 25k 55.40
Unisys Corp 6.25% Cv Pfd A cvp 0.8 $1.2M 21k 54.75
Vector (VGR) 0.8 $1.1M 67k 17.19
Boise 0.8 $1.1M 206k 5.17
Corning Incorporated (GLW) 0.6 $824k 67k 12.36
Rite Aid Corporation 0.6 $821k 838k 0.98
Ralcorp Holdings 0.5 $690k 9.0k 76.67
Annaly Capital Management 0.5 $636k 236k 2.69
Calumet Specialty Products Partners, L.P (CLMT) 0.5 $644k 38k 16.94
American Eagle Outfitters (AEO) 0.4 $609k 52k 11.72
Medco Health Solutions 0.4 $586k 13k 46.88
Resolute Energy Corp *w exp 09/25/201 0.4 $587k 391k 1.50
Visteon Corporation (VC) 0.3 $469k 11k 43.03
Boston Properties (BXP) 0.3 $446k 5.0k 89.20
EXCO Resources 0.3 $429k 40k 10.72
Sociedad Quimica y Minera (SQM) 0.3 $430k 9.0k 47.78
Alexandria Real Estate Equities (ARE) 0.3 $430k 7.0k 61.43
CurrencyShares Euro Trust 0.3 $436k 55k 7.93
Magnachip Semiconductor Corp (MX) 0.3 $431k 64k 6.71
FedEx Corporation (FDX) 0.3 $413k 6.1k 67.70
Lowe's Companies (LOW) 0.3 $425k 22k 19.32
Potash Corp. Of Saskatchewan I 0.3 $392k 9.0k 43.56
Charles Schwab Corporation (SCHW) 0.3 $372k 33k 11.27
Teva Pharmaceutical Industries (TEVA) 0.3 $372k 10k 37.20
Aeropostale 0.3 $375k 35k 10.83
Avon Products 0.2 $353k 18k 19.61
Seadrill 0.2 $330k 12k 27.50
Newell Rubbermaid (NWL) 0.2 $314k 27k 11.86
Sprint Nextel Corporation 0.2 $304k 100k 3.04
Sara Lee 0.2 $301k 18k 16.36
Gray Television (GTN) 0.2 $293k 188k 1.56
Noble Energy 0.2 $283k 4.0k 70.75
Occidental Petroleum Corporation (OXY) 0.2 $286k 4.0k 71.50
SL Green Realty 0.2 $285k 4.9k 58.16
ROYAL BK SCOTLAND Group Plc sp adr pref m 0.2 $265k 25k 10.69
Royal Gold (RGLD) 0.2 $256k 4.0k 64.00
Bunge 0.2 $233k 4.0k 58.25
Cincinnati Bell 0.2 $232k 75k 3.09
AES Corporation (AES) 0.2 $220k 23k 9.74
Staples 0.2 $226k 17k 13.29
Jones Group 0.2 $230k 25k 9.20
Peabody Energy Corporation 0.1 $203k 6.0k 33.83
Marathon Oil Corporation (MRO) 0.1 $216k 10k 21.60
Spdr S&p 500 Etf (SPY) 0.1 $180k 31k 5.81
RMR Asia Pacific Real Estate Fund 0.1 $177k 13k 13.31
Flagstar Ban 0.1 $168k 343k 0.49
Grifols S A 0.1 $174k 27k 6.38
MPG Office Trust 0.1 $147k 70k 2.10
Cobalt Intl Energy 0.1 $154k 20k 7.70
TravelCenters of America 0.1 $155k 44k 3.53
Penn Virginia Corporation 0.1 $139k 25k 5.56
Beazer Homes Usa Inc. unit 99/99/99 0.1 $137k 14k 9.95
Royce Value Trust (RVT) 0.1 $141k 13k 11.05
Range Resources (RRC) 0.1 $128k 18k 7.31
iShares MSCI Singapore Index Fund 0.1 $132k 12k 11.00
Sanofi Aventis Wi Conval Rt 0.1 $127k 120k 1.06
Lloyds TSB (LYG) 0.1 $103k 49k 2.10
Whole Foods Market 0.1 $85k 10k 8.50
ACCO Brands Corporation (ACCO) 0.1 $72k 15k 4.80
EQT Corporation (EQT) 0.1 $76k 10k 7.60
iShares Dow Jones US Real Estate (IYR) 0.1 $74k 15k 4.93
Eagle Rock Energy Partners L *w exp 05/15/201 0.1 $63k 18k 3.46
El Paso Corporation 0.0 $50k 65k 0.78
Walt Disney Company (DIS) 0.0 $52k 20k 2.60
Beazer Homes USA 0.0 $58k 39k 1.50
Talbots 0.0 $51k 19k 2.68
Chesapeake Energy Corporation 0.0 $50k 29k 1.75
Trust Spanish (SBSAA) 0.0 $49k 29k 1.67
Brigham Exploration Company 0.0 $48k 15k 3.20
Murphy Oil Corporation (MUR) 0.0 $27k 21k 1.29
EOG Resources (EOG) 0.0 $22k 15k 1.47
Clorox Company (CLX) 0.0 $32k 25k 1.28
Horizon Lines (HRZ) 0.0 $26k 61k 0.43
Alpha Natural Resources 0.0 $34k 30k 1.13
Resolute Energy 0.0 $25k 250k 0.10
Newfield Exploration 0.0 $8.1k 13k 0.62
Halliburton Company (HAL) 0.0 $19k 27k 0.70
Kingsway Finl Svcs 0.0 $18k 25k 0.72
Barclays Bk Plc ipth s^p vix 0.0 $20k 200k 0.10
BP (BP) 0.0 $2.0k 10k 0.20
General Electric Company 0.0 $2.3k 57k 0.04
Ford Motor Company (F) 0.0 $1.9k 38k 0.05
AMR Corporation 0.0 $86k 25k 3.43
Hollyfrontier Corp 0.0 $1.0k 10k 0.10