Polar Securities

Polar Securities as of Sept. 30, 2012

Portfolio Holdings for Polar Securities

Polar Securities holds 147 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 8.5 $158M 1.1M 143.97
Notes 6.1 $114M 38M 3.01
Virgin Media Inc note 6.500%11/1 2.8 $52M 30M 1.72
Group Cgi Cad Cl A 2.5 $48M 1.8M 26.86
Sba Communications Corp note 4.000%10/0 2.3 $42M 20M 2.12
CUBIST PHARM CONVERTIBLE security 1.9 $35M 20M 1.75
Open Text Corp (OTEX) 1.8 $34M 614k 55.14
Catamaran 1.8 $33M 335k 97.97
Biomarin Pharmaceutical Inc note 1.875% 4/2 1.7 $31M 15M 2.09
Gilead Sciences conv 1.7 $31M 20M 1.56
Valeant Pharmaceuticals Int 1.5 $28M 510k 55.27
Cadence Design Sys Cvt 2.625 6 convert 1.4 $27M 15M 1.78
Equifax (EFX) 1.3 $24M 515k 46.58
Bruker Corporation (BRKR) 1.3 $24M 1.8M 13.09
First Majestic Silver Corp (AG) 1.3 $24M 1.0M 23.17
Equinix Inc note 3.000%10/1 1.3 $24M 12M 1.97
Ual Corp note 6.000%10/1 1.3 $24M 10M 2.35
Coca-Cola Company (KO) 1.2 $23M 600k 37.93
Transglobe Energy Corp 1.2 $23M 2.1M 10.86
SPDR KBW Regional Banking (KRE) 1.2 $23M 801k 28.64
Firstservice Corp sdcv 6.500%12/3 1.2 $23M 20M 1.17
Trw Automotive 3.5% 12/01/15 conv 1.1 $22M 13M 1.65
Electronics For Imaging 1.1 $20M 1.2M 16.62
Precision Drilling Corporation 1.1 $20M 2.5M 7.84
IDEX Corporation (IEX) 1.0 $19M 453k 41.77
Move 1.0 $19M 2.2M 8.62
Johnson & Johnson (JNJ) 1.0 $19M 270k 68.91
Fei Co note 2.875% 6/0 1.0 $18M 10M 1.83
Endo Pharmaceuticals Hldgs I note 1.750% 4/1 1.0 $18M 15M 1.22
Equinix Inc note 4.750% 6/1 0.9 $17M 6.8M 2.54
Verizon Communications (VZ) 0.9 $17M 375k 45.57
Fidelity National Information Services (FIS) 0.9 $16M 525k 31.22
Google 0.9 $17M 22k 754.52
Brunswick Corporation (BC) 0.9 $17M 728k 22.63
Ashland 0.9 $16M 227k 71.60
Apache Corporation 0.8 $16M 184k 86.47
Cooper Companies 0.8 $16M 166k 94.46
Tahoe Resources 0.8 $15M 751k 20.36
Stanley Black & Decker (SWK) 0.8 $15M 194k 76.25
Republic Services (RSG) 0.7 $14M 502k 27.51
Celestica 0.7 $14M 1.9M 7.14
Abbott Laboratories (ABT) 0.7 $14M 200k 68.56
iShares Dow Jones US Home Const. (ITB) 0.7 $14M 709k 19.35
Family Dollar Stores 0.7 $13M 200k 66.30
Research In Motion 0.7 $13M 1.8M 7.50
Synopsys (SNPS) 0.7 $13M 392k 32.99
Coinstar Inc note 4.000% 9/0 0.7 $13M 10M 1.30
Stericycle (SRCL) 0.6 $12M 133k 90.48
Lowe's Companies (LOW) 0.6 $12M 396k 30.24
C.H. Robinson Worldwide (CHRW) 0.6 $12M 205k 58.58
Hologic (HOLX) 0.6 $12M 582k 20.22
Cadence Design Systems (CDNS) 0.6 $12M 911k 12.86
Enbridge (ENB) 0.6 $12M 296k 39.03
Molycorp Inc Del....... Note 6.0% 9/1/17 0.6 $12M 10M 1.16
CoreLogic 0.6 $11M 423k 26.53
Interface (TILE) 0.6 $11M 838k 13.21
Standard Pacific Corp cnv 0.6 $11M 10M 1.11
McGraw-Hill Companies 0.6 $11M 199k 54.59
Las Vegas Sands (LVS) 0.6 $11M 234k 46.37
Krispy Kreme Doughnuts 0.6 $11M 1.4M 7.93
Williams Companies (WMB) 0.6 $11M 300k 34.97
Nextera Energy Inc unit 0.6 $10M 200k 51.28
Altria (MO) 0.5 $10M 300k 33.39
Regal-beloit Corporation (RRX) 0.5 $10M 143k 70.48
Salix Pharmaceuticals Inc note 2.750% 5/1 0.5 $9.7M 8.3M 1.17
Lennox International (LII) 0.5 $9.4M 193k 48.36
Scg Finl Acquisition 0.5 $9.4M 951k 9.83
Harley-Davidson (HOG) 0.5 $9.2M 216k 42.37
CareFusion Corporation 0.5 $9.1M 322k 28.39
WNS 0.5 $8.8M 855k 10.24
E M C Corp Mass note 1.750%12/0 0.5 $8.6M 5.0M 1.72
Knight Transportation 0.5 $8.6M 602k 14.30
Australia Acquisition Corp 0.5 $8.6M 850k 10.14
& PROD CO shares Brookfield 0.5 $8.7M 622k 13.98
M/i Homes Inc note 3.250% 9/1 0.5 $8.6M 8.0M 1.07
Devon Energy Corporation (DVN) 0.5 $8.4M 139k 60.50
Broadcom Corporation 0.5 $8.4M 242k 34.57
Scorpio Tankers 0.5 $8.4M 1.4M 6.00
Halliburton Company (HAL) 0.4 $8.2M 244k 33.69
Nexen 0.4 $8.2M 325k 25.34
Global Eagle Acquisition Cor 0.4 $8.3M 838k 9.88
Fifth & Pac Cos 0.4 $8.2M 640k 12.78
stock 0.4 $8.2M 592k 13.94
ValueClick 0.4 $8.0M 468k 17.16
Extreme Networks (EXTR) 0.4 $8.0M 2.4M 3.35
TELUS Corporation 0.4 $7.6M 122k 62.53
Gilead Sciences conv 0.4 $7.6M 5.0M 1.51
Universal Business Pmt Sol A 0.4 $7.5M 1.3M 6.03
Aurico Gold 0.4 $7.0M 1.0M 6.99
Newport Corporation 0.4 $7.0M 631k 11.06
Gordmans Stores 0.4 $7.0M 380k 18.45
Sanmina-SCI Corporation 0.4 $6.8M 795k 8.51
Blue Wolf Mongolia Holdings 0.3 $6.6M 670k 9.82
Shuffle Master 0.3 $6.3M 396k 15.81
Akamai Technologies (AKAM) 0.3 $6.0M 157k 38.26
Nautilus Marine Acquisit Cor shsadded 0.3 $6.0M 596k 10.05
China Growth Equity Inv 0.3 $6.0M 603k 9.94
International Game Technology 0.3 $5.8M 444k 13.09
Hercules Offshore 0.3 $5.6M 1.2M 4.87
Trio Merget Corp Com Stk 0.3 $5.6M 565k 9.95
Tronox 0.3 $5.6M 249k 22.65
Companhia de Bebidas das Americas 0.3 $5.4M 140k 38.26
Roi Acquisition 0.3 $5.3M 551k 9.65
Andina Acquisition 0.3 $5.0M 515k 9.80
Bgs Acquisition Corp sh 0.3 $5.0M 510k 9.81
Hyde Pk Acquisition Corp Ii 0.3 $5.1M 503k 10.05
Integrated Device Technology 0.3 $4.8M 819k 5.87
New Gold Inc Cda (NGD) 0.3 $4.8M 395k 12.22
Prime Acquisition Corp 0.3 $4.8M 488k 9.88
Baytex Energy Corp (BTE) 0.2 $4.7M 100k 47.44
Ihs 0.2 $4.3M 44k 97.36
Global Payments (GPN) 0.2 $4.1M 97k 41.83
Cott Corp 0.2 $4.1M 523k 7.90
A. O. Smith Corporation (AOS) 0.2 $4.1M 72k 57.53
FXCM 0.2 $4.0M 424k 9.55
Exfo 0.2 $4.2M 857k 4.90
Analog Devices (ADI) 0.2 $3.9M 99k 39.17
Linear Technology Corporation 0.2 $3.9M 121k 31.82
Harmonic (HLIT) 0.2 $3.9M 853k 4.54
Imris (IMRSQ) 0.2 $3.8M 851k 4.48
Theravance Inc note 3.000% 1/1 0.2 $3.6M 3.0M 1.19
Ctrip.com International 0.2 $3.6M 211k 16.88
Hudson Global 0.2 $3.6M 807k 4.46
Central Garden & Pet (CENTA) 0.2 $3.4M 283k 12.08
Turquoisehillres 0.2 $3.3M 388k 8.48
Crocs (CROX) 0.2 $3.0M 183k 16.21
Coherent 0.1 $2.7M 59k 45.86
Ford Mtr Co Del *w exp 01/01/201 0.1 $2.6M 2.6M 1.03
Medicis Pharmaceutical conv 0.1 $2.7M 2.5M 1.08
MIPS Technologies 0.1 $2.5M 342k 7.39
Silver Standard Res 0.1 $2.2M 139k 16.03
Semgroup Corp wts 0.1 $2.3M 171k 13.43
Lattice Semiconductor (LSCC) 0.1 $2.0M 513k 3.84
iShares Silver Trust (SLV) 0.1 $2.1M 64k 33.47
SPDR Gold Trust (GLD) 0.1 $1.6M 9.1k 171.87
Cameco Corporation (CCJ) 0.1 $1.1M 56k 19.45
Mindspeed Technologies 0.1 $1.2M 335k 3.46
inContact, Inc . 0.1 $941k 145k 6.50
Sprott Physical Gold Trust (PHYS) 0.0 $780k 51k 15.20
Nevada Gold & Casinos 0.0 $126k 149k 0.85
Andina Acquisition Corp *w exp 99/99/999 0.0 $98k 350k 0.28
Armour Residential Reit Inc *w exp 11/07/201 0.0 $9.2k 306k 0.03
China Metro-rural Hldgs 0.0 $88k 104k 0.85
Cazador Acquisition Corporat *w exp 99/99/999 0.0 $63k 150k 0.42
Nautilus Marine Acquisit Cor *w exp 06/17/201 0.0 $64k 400k 0.16
Blue Wolf Mongolia Holdings *w exp 07/20/201 0.0 $68k 169k 0.40
Roi Acquisition Corp *w exp 02/28/201 0.0 $57k 149k 0.38