Steelhead Partners

Steelhead Partners as of Dec. 31, 2011

Portfolio Holdings for Steelhead Partners

Steelhead Partners holds 75 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
AbitibiBowater 15.3 $185M 13M 14.55
Alpha Natural Resources 8.1 $97M 4.8M 20.43
Level 3 Communications Inc note 6.500%10/0 4.7 $56M 46M 1.22
Level 3 Communications conv 3.5 $43M 37M 1.15
Hologic Inc frnt 2.000%12/1 2.9 $35M 36M 0.96
Gold Resv Inc note 5.500% 6/1 2.8 $34M 42M 0.82
Sandisk Corp note 1.000% 5/1 2.8 $33M 34M 0.99
Euronet Worldwide Inc note 3.500%10/1 2.7 $33M 33M 1.00
Gold Reserve 2.7 $33M 12M 2.80
Best Buy Inc sdcv 2.250% 1/1 2.7 $32M 32M 1.00
Level 3 Communications 2.7 $32M 1.9M 16.99
C&j Energy Services 2.6 $31M 1.5M 20.93
Endeavour International C 2.5 $30M 3.5M 8.69
Advanced Micro Devices Inc note 6.000% 5/0 2.4 $29M 30M 0.98
Netapp Inc note 1.750% 6/0 2.4 $29M 23M 1.26
Fei Co note 2.875% 6/0 2.4 $29M 19M 1.47
Finisar Corp note 5.000%10/1 2.2 $27M 15M 1.85
RF MICRO DEVICE CONVERTIBLE security 2.2 $27M 26M 1.01
Ixia note 2.1 $26M 26M 0.98
Jetblue Airways Corp dbcv 6.750%10/1 1.9 $22M 17M 1.34
iShares Russell 2000 Index (IWM) 1.8 $22M 4.0M 5.46
Iconix Brand Group Inc note 1.875% 6/3 1.8 $21M 21M 0.99
Icahn Enterprises Lp conv bnd 1.7 $21M 22M 0.95
James River Coal Company 1.7 $21M 3.0M 6.92
TAKE-TWO INTER CONVERTIBLE security 1.7 $21M 15M 1.44
Nuance Communications Inc dbcv 2.750% 8/1 1.6 $20M 14M 1.44
Level 3 Communications Inc note 1.6 $19M 18M 1.09
Pendrell Corp 1.5 $18M 7.0M 2.56
Live Nation Entertainment In note 2.875% 7/1 1.4 $17M 19M 0.89
Microsoft Corp 1.2 $15M 5.9M 2.45
Rambus Inc Del note 5.000% 6/1 1.1 $13M 14M 0.98
Advanced Micro Devices Inc note 5.750% 8/1 1.1 $13M 13M 1.01
Lucent Technologies Inc dbcv 2.875% 6/1 0.8 $9.7M 11M 0.88
Enzon Pharmaceuticals Inc bond 0.8 $9.6M 9.5M 1.01
Scorpio Tankers 0.7 $8.9M 1.8M 4.89
Smith & Wesson Holding Corporation 0.7 $8.6M 2.0M 4.36
Powershares Qqq Trust unit ser 1 0.7 $8.0M 10M 0.80
General Mtrs Co call 0.7 $8.0M 3.5M 2.28
Sonde Resources 0.6 $7.0M 2.7M 2.59
Vantage Drilling Company ord (VTGDF) 0.5 $6.2M 5.4M 1.16
Cadence Design Sys Inc 1.5 12- convert 0.5 $6.2M 6.3M 0.98
Providence Svc Corp note 6.500% 5/1 0.5 $5.9M 6.0M 0.99
Mercer International (MERC) 0.4 $5.2M 853k 6.10
Pantry Inc note 3.000%11/1 0.4 $4.9M 5.0M 0.98
Cray 0.4 $4.8M 740k 6.47
Unisys Corp 6.25% Cv Pfd A cvp 0.4 $4.9M 80k 60.60
Arcelor Mittal-class A Ny Re cmn 0.4 $4.6M 1.2M 3.85
Charming Shoppes Inc note 1.125% 5/0 0.3 $4.2M 4.6M 0.91
Jetblue Airways Corp dbcv 6.750%10/1 0.3 $3.4M 2.6M 1.29
Vonage Holdings 0.2 $2.5M 1.0M 2.45
United Therapeutics conv 0.2 $2.3M 2.0M 1.17
Rf Microdevices Inc note 0.750% 4/1 0.1 $1.0M 1.0M 1.00
Microsoft Corporation (MSFT) 0.1 $1.0M 39k 25.96
Calpine Corporation 0.1 $686k 42k 16.33
tw tele 0.1 $562k 29k 19.38
Peabody Energy Corporation 0.0 $467k 14k 33.09
SandRidge Energy 0.0 $450k 55k 8.15
Frontline Limited Usd2.5 0.0 $429k 100k 4.29
Progressive Corporation (PGR) 0.0 $341k 18k 19.49
Arch Coal 0.0 $407k 28k 14.52
JetBlue Airways Corporation (JBLU) 0.0 $337k 65k 5.18
Teekay Shipping Marshall Isl (TK) 0.0 $321k 12k 26.75
CONSOL Energy 0.0 $415k 11k 36.67
Seaspan Corp 0.0 $376k 28k 13.67
Prophecy Coal Corp 0.0 $400k 1.0M 0.40
Transocean 0.0 $192k 5.0k 38.40
Lockheed Martin Corporation (LMT) 0.0 $243k 3.0k 81.00
Nexen 0.0 $302k 19k 15.89
Limelight Networks 0.0 $296k 100k 2.96
General Motors Company (GM) 0.0 $221k 11k 20.28
Jetblue Airways Corp dbcv 5.500%10/1 0.0 $267k 198k 1.35
Paragon Shipping 0.0 $86k 135k 0.64
Globalstar (GSAT) 0.0 $97k 180k 0.54
Arch Coal Inc call 0.0 $56k 350k 0.16
Rackspace Hosting Inc cmn 0.0 $7.5k 150k 0.05