Mariner Investment Group

Mariner Investment as of March 31, 2011

Portfolio Holdings for Mariner Investment

Mariner Investment holds 77 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
Chemtura Corporation 9.4 $40M 2.3M 17.20
Horizon Lines Inc note 4.250% 8/1 9.3 $40M 51M 0.78
Semgroup Corp cl a 8.5 $36M 1.3M 28.16
Suno 8.2 $35M 765k 45.59
ROYAL BK SCOTLAND Group Plc sp adr pref t 5.4 $23M 1.2M 19.67
Vector (VGR) 5.2 $22M 1.3M 17.29
Temple-Inland 5.1 $22M 927k 23.40
Energy Xxi 4.6 $19M 568k 34.10
Ameristar Casinos 4.1 $18M 984k 17.75
ICO Global Communications (ICOG) 4.0 $17M 6.4M 2.67
Avis Budget (CAR) 4.0 $17M 950k 17.91
Graphic Packaging Holding Company (GPK) 3.1 $13M 2.4M 5.42
Rite Aid Corporation 2.5 $11M 10M 1.06
ROYAL BK SCOTLAND Group Plc sp adr pref m 2.5 $11M 617k 17.21
iShares MSCI Emerging Markets Indx (EEM) 2.4 $10M 210k 48.67
RSC Holdings 2.3 $9.7M 676k 14.38
MF Global Holdings 2.3 $9.7M 1.2M 8.28
ROYAL BK SCOTLAND Group Plc adr pref ser n 2.0 $8.4M 495k 17.01
iShares MSCI Chile Inv. Mt. Idx (ECH) 1.5 $6.3M 88k 71.84
Bon-Ton Stores (BONTQ) 1.5 $6.3M 404k 15.50
K-V Pharmaceutical Company 1.0 $4.3M 719k 5.99
Spdr S&p 500 Etf (SPY) 1.0 $4.1M 4.0M 1.02
iShares MSCI Brazil Index (EWZ) 0.9 $3.9M 50k 77.52
Procter & Gamble Company (PG) 0.9 $3.6M 63k 57.64
iShares MSCI Taiwan Index 0.8 $3.3M 220k 14.86
Beazer Homes Usa Inc. unit 99/99/99 0.7 $3.0M 144k 20.94
Gray Television (GTN) 0.7 $2.8M 1.4M 2.07
Flagstar Ban 0.7 $2.8M 1.8M 1.50
iStar Financial 0.5 $2.2M 242k 9.18
Spanish Broadcasting System (SBSA) 0.5 $2.2M 2.3M 0.93
Magnachip Semiconductor Corp (MX) 0.4 $1.8M 128k 13.75
ProShares Short 20+ Year Treasury ETF (TBF) 0.3 $1.4M 31k 44.32
Freeport-McMoRan Copper & Gold (FCX) 0.3 $1.2M 21k 55.57
United States Oil Fund 0.2 $832k 400k 2.08
Vale (VALE) 0.2 $667k 20k 33.35
Pos (PKX) 0.2 $686k 6.0k 114.33
Walter Energy 0.2 $677k 5.0k 135.40
Market Vectors-Coal ETF 0.1 $609k 12k 50.75
Potash Corp. Of Saskatchewan I 0.1 $531k 9.0k 59.00
Horizon Lines (HRZ) 0.1 $543k 639k 0.85
Pan American Silver Corp Can (PAAS) 0.1 $520k 14k 37.14
Silver Wheaton Corp 0.1 $522k 12k 43.50
Petroleo Brasileiro SA (PBR) 0.1 $485k 12k 40.42
Crexus Investment 0.1 $468k 41k 11.43
Sociedad Quimica y Minera (SQM) 0.1 $442k 8.0k 55.25
Bunge 0.1 $434k 6.0k 72.33
ACCO Brands Corporation (ACCO) 0.1 $429k 45k 9.53
Mechel Oao spon adr p 0.1 $412k 38k 10.90
Hovnanian Enterprises Inc unit 99/99/9999 0.1 $424k 20k 21.20
Seadrill 0.1 $361k 10k 36.10
PennyMac Mortgage Investment Trust (PMT) 0.1 $345k 19k 18.40
Valero Energy Corporation (VLO) 0.1 $332k 150k 2.21
Tesoro Corporation 0.1 $356k 200k 1.78
Moly 0.1 $360k 6.0k 60.00
Peabody Energy Corporation 0.1 $288k 4.0k 72.00
Frontline Limited Usd2.5 0.1 $297k 12k 24.75
Mosaic Company 0.1 $315k 4.0k 78.75
Invesco Mortgage Capital 0.1 $279k 13k 21.84
American International (AIG) 0.1 $271k 7.7k 35.19
Rare Element Res (REEMF) 0.1 $237k 18k 13.17
Blackrock Build America Bond Trust (BBN) 0.1 $248k 14k 17.48
Cameco Corporation (CCJ) 0.1 $211k 7.0k 30.14
Rio Tinto (RIO) 0.1 $213k 3.0k 71.00
Cincinnati Bell 0.1 $201k 75k 2.68
American Capital Agency 0.1 $210k 7.2k 29.15
Dryships/drys 0.0 $167k 34k 4.96
Newcastle Investment 0.0 $156k 26k 6.03
Capitol Federal Financial (CFFN) 0.0 $180k 16k 11.25
Puda Coal (PUDA) 0.0 $172k 14k 12.29
Sprint Nextel Corporation 0.0 $116k 25k 4.64
Pimco Municipal Income Fund II (PML) 0.0 $145k 14k 10.09
Promotora De Informaciones S adr cl b conv 0.0 $142k 12k 11.93
Qimonda Fin Llc Note 6.750% 3/2 0.0 $106k 3.5M 0.03
Level 3 Communications 0.0 $44k 30k 1.47
Kingsway Finl Svcs 0.0 $23k 25k 0.92
iShares Russell 2000 Index (IWM) 0.0 $11k 21k 0.52
Citizens Republic Ban 0.0 $13k 15k 0.88