Polar Securities

Polar Securities as of Dec. 31, 2012

Portfolio Holdings for Polar Securities

Polar Securities holds 164 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 10.3 $266M 500k 532.17
Notes 6.3 $161M 53M 3.07
Virgin Media Inc note 6.500%11/1 4.0 $103M 50M 2.06
Spdr S&p 500 Etf (SPY) 3.3 $85M 600k 142.41
Gilead Sciences conv 2.6 $67M 40M 1.68
CUBIST PHARM CONVERTIBLE security 2.1 $55M 35M 1.58
Sba Communications Corp note 4.000%10/0 1.8 $47M 20M 2.37
Cadence Design Sys Cvt 2.625 6 convert 1.8 $46M 25M 1.84
Biomarin Pharmaceutical Inc note 1.875% 4/2 1.5 $38M 16M 2.47
Trw Automotive 3.5% 12/01/15 conv 1.5 $38M 20M 1.91
Wesco Intl Inc dbcv 6.000% 9/1 1.4 $37M 15M 2.48
Group Cgi Cad Cl A 1.4 $37M 1.6M 23.13
Open Text Corp (OTEX) 1.3 $34M 614k 55.89
Mcmoran Exploration note 4.000%12/3 1.3 $34M 30M 1.13
Valeant Pharmaceuticals Int 1.2 $31M 510k 59.77
Equinix Inc note 3.000%10/1 1.1 $28M 15M 1.95
Ual Corp note 6.000%10/1 1.1 $28M 10M 2.76
SPDR KBW Regional Banking (KRE) 1.0 $26M 933k 27.97
Volcano Corporation note 1.750%12/0 1.0 $25M 25M 1.01
Electronics For Imaging 0.9 $24M 1.2M 18.99
Firstservice Corp sdcv 6.500%12/3 0.8 $22M 20M 1.12
Move 0.8 $22M 2.9M 7.57
SPDR Gold Trust (GLD) 0.8 $21M 131k 162.02
Amgen (AMGN) 0.8 $21M 244k 86.20
Research In Motion 0.8 $21M 1.8M 11.87
First Majestic Silver Corp (AG) 0.8 $21M 1.0M 20.19
Catamaran 0.8 $21M 437k 47.10
Transglobe Energy Corp 0.8 $20M 2.1M 9.39
Brunswick Corporation (BC) 0.8 $20M 674k 29.09
Bruker Corporation (BRKR) 0.8 $19M 1.3M 15.24
Endo Pharmaceuticals Hldgs I note 1.750% 4/1 0.8 $19M 18M 1.10
Fei Co note 2.875% 6/0 0.7 $19M 10M 1.89
Corporate Executive Board Company 0.7 $19M 395k 47.46
Newport Corporation 0.7 $18M 1.4M 13.45
Heartland Payment Systems 0.7 $18M 625k 29.50
Nextera Energy Inc unit 0.7 $18M 350k 50.24
Fidelity National Information Services (FIS) 0.7 $17M 490k 34.81
Stanley Black & Decker (SWK) 0.7 $17M 230k 73.97
Yahoo! 0.7 $17M 850k 19.90
Robert Half International (RHI) 0.7 $17M 525k 31.82
McDonald's Corporation (MCD) 0.6 $17M 187k 88.21
Hot Topic 0.6 $17M 1.7M 9.63
Cooper Companies 0.6 $16M 175k 92.48
International Game Technology 0.6 $16M 1.1M 14.17
Mylan Inc note 3.750% 9/1 0.6 $16M 7.5M 2.13
Aurico Gold 0.6 $16M 1.9M 8.18
Bottomline Tech Del Inc note 1.500%12/0 0.6 $16M 14M 1.12
Salix Pharmaceuticals Inc note 2.750% 5/1 0.6 $15M 13M 1.15
Ashland 0.6 $15M 185k 80.41
3M Company (MMM) 0.6 $15M 158k 92.85
Broadcom Corporation 0.6 $15M 442k 33.21
Apache Corporation 0.6 $14M 184k 78.50
Johnson & Johnson (JNJ) 0.6 $14M 200k 70.10
Hologic (HOLX) 0.6 $14M 705k 20.01
Coinstar Inc note 4.000% 9/0 0.6 $14M 10M 1.42
Tyson Foods (TSN) 0.5 $14M 716k 19.40
Pepsi (PEP) 0.5 $14M 200k 68.43
Equifax (EFX) 0.5 $13M 246k 54.12
Kinder Morgan (KMI) 0.5 $13M 376k 35.33
Lowe's Companies (LOW) 0.5 $13M 367k 35.52
Regal-beloit Corporation (RRX) 0.5 $13M 188k 70.47
Tahoe Resources 0.5 $13M 726k 18.20
Jarden Corporation 0.5 $13M 242k 51.70
Procter & Gamble Company (PG) 0.5 $12M 180k 67.89
Krispy Kreme Doughnuts 0.5 $13M 1.3M 9.38
McGraw-Hill Companies 0.5 $12M 219k 54.67
Harley-Davidson (HOG) 0.5 $12M 240k 48.83
eBay (EBAY) 0.5 $12M 230k 51.00
C.H. Robinson Worldwide (CHRW) 0.5 $12M 182k 63.22
& PROD CO shares Brookfield 0.4 $11M 622k 17.94
Endeavour Silver Corp (EXK) 0.4 $11M 1.4M 7.89
Shfl Entertainment 0.4 $11M 752k 14.50
Extreme Networks (EXTR) 0.4 $11M 2.9M 3.64
Time Warner 0.4 $10M 216k 47.83
M/i Homes Inc note 3.250% 9/1 0.4 $10M 8.0M 1.30
Lennox International (LII) 0.4 $10M 192k 52.52
Stillwater Mng Co note 1.750%10/1 0.4 $9.9M 8.5M 1.17
Cobalt Intl Energy Inc note 0.4 $10M 10M 1.01
Cummins (CMI) 0.4 $9.9M 91k 108.35
Akamai Technologies (AKAM) 0.4 $9.8M 240k 40.91
Scorpio Tankers 0.4 $9.9M 1.4M 7.11
Blue Wolf Mongolia Holdings 0.4 $9.8M 1000k 9.85
Molycorp Inc Del....... Note 6.0% 9/1/17 0.4 $9.8M 10M 0.98
Discover Financial Services 0.4 $9.5M 248k 38.55
Carmike Cinemas 0.4 $9.4M 630k 15.00
Exfo 0.4 $9.5M 1.8M 5.25
Interface (TILE) 0.4 $9.5M 591k 16.07
Scg Finl Acquisition 0.4 $9.4M 951k 9.93
Allstate Corporation (ALL) 0.4 $9.4M 233k 40.17
Gap (GAP) 0.4 $9.3M 300k 31.04
inContact, Inc . 0.3 $8.9M 1.7M 5.18
Wells Fargo & Company (WFC) 0.3 $8.7M 253k 34.18
Las Vegas Sands (LVS) 0.3 $8.7M 188k 46.16
Linear Technology Corporation 0.3 $8.7M 253k 34.30
Knight Transportation 0.3 $8.8M 602k 14.63
Owens-Illinois 0.3 $8.7M 408k 21.27
Nexen 0.3 $8.8M 325k 26.94
Icg Group 0.3 $8.5M 743k 11.43
Bellatrix Exploration 0.3 $8.5M 2.0M 4.28
Hercules Offshore 0.3 $8.2M 1.3M 6.17
Costamare (CMRE) 0.3 $8.2M 588k 13.92
Global Eagle Acquisition Cor 0.3 $8.3M 838k 9.96
Cadence Design Systems (CDNS) 0.3 $8.0M 589k 13.51
Synopsys (SNPS) 0.3 $7.5M 235k 31.83
WNS 0.3 $7.2M 693k 10.43
Trio Merget Corp Com Stk 0.3 $7.1M 715k 9.91
Collabrium Japan Acquisitn C unit 99/99/9999 0.3 $7.1M 700k 10.19
Ford Motor Company (F) 0.3 $7.0M 543k 12.82
Ford Mtr Co Del *w exp 01/01/201 0.3 $6.9M 1.8M 3.81
Coca-Cola Company (KO) 0.3 $6.6M 182k 36.25
iShares Dow Jones US Home Const. (ITB) 0.3 $6.8M 321k 21.16
Wpx Energy 0.3 $6.8M 456k 14.88
Aquasition Corp Unit Ex 000017 0.3 $6.7M 668k 10.03
Sprott Physical Silver Tr tr unit (PSLV) 0.2 $6.4M 532k 12.04
stock 0.2 $6.4M 491k 13.00
Weyerhaeuser Company (WY) 0.2 $6.3M 225k 27.82
Cliffs Natural Resources 0.2 $6.3M 163k 38.57
Sprint Nextel Corporation 0.2 $5.8M 1.0M 5.67
Nautilus Marine Acquisit Cor shsadded 0.2 $6.0M 595k 10.10
News Corporation 0.2 $5.8M 220k 26.24
Silver Bay Rlty Tr 0.2 $5.6M 300k 18.83
Roi Acquisition 0.2 $5.4M 551k 9.77
Lattice Semiconductor (LSCC) 0.2 $5.1M 1.3M 3.99
Bravo Brio Restaurant 0.2 $5.0M 375k 13.43
Gsi 0.2 $5.1M 592k 8.66
Responsys 0.2 $5.1M 861k 5.96
China Growth Equity Inv 0.2 $5.0M 500k 10.03
Hudson Global 0.2 $5.2M 1.2M 4.48
Andina Acquisition 0.2 $5.1M 515k 9.88
Bgs Acquisition Corp sh 0.2 $5.2M 530k 9.86
Hyde Pk Acquisition Corp Ii 0.2 $5.1M 503k 10.05
Pfizer (PFE) 0.2 $4.9M 194k 25.08
Prime Acquisition Corp 0.2 $4.8M 488k 9.92
Tronox 0.2 $5.0M 274k 18.25
AFLAC Incorporated (AFL) 0.2 $4.7M 88k 53.13
Red Robin Gourmet Burgers (RRGB) 0.2 $4.6M 131k 35.29
New Gold Inc Cda (NGD) 0.2 $4.4M 395k 11.03
CHART ACQUISITION CORP UNIT 99/99/9999 Added unit 0.2 $4.0M 400k 10.05
FXCM 0.1 $3.8M 379k 10.07
Infinity Cross Bo 0.1 $3.8M 478k 7.90
Bce (BCE) 0.1 $3.5M 81k 42.94
Celestica 0.1 $3.5M 425k 8.15
American Reprographics Company 0.1 $3.3M 1.3M 2.56
Ym Biosciences 0.1 $3.2M 1.1M 2.87
Sprott Physical Gold Trust (PHYS) 0.1 $2.9M 201k 14.21
Turquoisehillres 0.1 $2.9M 388k 7.61
Equinix Inc note 4.750% 6/1 0.1 $2.5M 1.0M 2.53
Linear Technology Corp note 3.000% 5/0 0.1 $2.6M 2.5M 1.05
Exxon Mobil Corporation (XOM) 0.1 $2.5M 29k 86.53
Market Vectors Steel 0.1 $2.1M 42k 48.68
Roadrunner Transportation Services Hold. 0.1 $1.8M 100k 18.14
Imris (IMRSQ) 0.1 $1.7M 461k 3.69
Silver Standard Res 0.1 $1.6M 107k 14.81
Pembina Pipeline Corp (PBA) 0.1 $1.7M 58k 28.64
Infinity Cross Border Acquisition unit 0.0 $421k 50k 8.42
Armour Residential Reit Inc *w exp 11/07/201 0.0 $9.2k 306k 0.03
Nevada Gold & Casinos 0.0 $114k 149k 0.77
China Metro-rural Hldgs 0.0 $79k 103k 0.77
Global Eagle Acquisition Cor *w exp 05/13/201 0.0 $35k 49k 0.71
Nautilus Marine Acquisit Cor *w exp 06/17/201 0.0 $107k 395k 0.27
Universal Business Pmt Sol A 0.0 $128k 28k 4.56
Blue Wolf Mongolia Holdings *w exp 07/20/201 0.0 $49k 169k 0.29
Roi Acquisition Corp *w exp 02/28/201 0.0 $63k 149k 0.42
Andina Acquisition Corp *w exp 99/99/999 0.0 $88k 350k 0.25