Stevens Capital Management as of Dec. 31, 2007
Portfolio Holdings for Stevens Capital Management
Stevens Capital Management holds 0 positions in its portfolio as reported in the December 2007 quarterly 13F filing
{S} {C}
VALUE SHRS/PRN SH/ PUT/ INV OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) AMOUNT PRN CALL DISCR MANAGERS SOLE
3COM CORP COM 885535104 1492 330146 SH SOLE 330146
99 CENTS ONLY STORES COM 65440K106 681 85547 SH SOLE 85547
A D C TELECOMMUNICATIONS COM NEW 000886309 3573 229743 SH SOLE 229743
AARON RENTS INC COM 002535201 206 10698 SH SOLE 10698
ABX AIR INC COM 00080S101 272 64984 SH SOLE 64984
ACCENTURE LTD BERMUDA CL A G1150G111 4561 126579 SH SOLE 126579
ACTIVISION INC NEW COM NEW 004930202 7435 250334 SH SOLE 250334
ACTUANT CORP SDCV 2.000%11/1 00508XAB0 865 500000 PRN SOLE 500000
ADAMS EXPRESS CO COM 006212104 220 15582 SH SOLE 15582
ADAMS RESPIRATORY THERAPEUTI COM 00635P107 6581 110169 SH SOLE 110169
ADAPTEC INC COM 00651F108 265 78324 SH SOLE 78324
ADMINISTAFF INC COM 007094105 286 10115 SH SOLE 10115
ADOBE SYS INC COM 00724F101 14676 343455 SH SOLE 343455
ADVANCED MICRO DEVICES INC COM 007903107 5953 793727 SH SOLE 793727
ADVENT CLAY GBL CONV SEC INC COM BENE INTER 007639107 228 14900 SH SOLE 14900
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 238 14900 SH SOLE 14900
AEGON N V ORD AMER REG 007924103 332 18954 SH SOLE 18954
AES CORP COM 00130H105 2099 98110 SH SOLE 98110
AETNA INC NEW COM 00817Y108 15474 268042 SH SOLE 268042
AGCO CORP NOTE 1.250%12/1 001084AM4 903 500000 PRN SOLE 500000
AGL RES INC COM 001204106 3245 86205 SH SOLE 86205
AIR PRODS & CHEMS INC COM 009158106 5891 59733 SH SOLE 59733
AIRGAS INC COM 009363102 793 15219 SH SOLE 15219
AKAMAI TECHNOLOGIES INC COM 00971T101 1551 44834 SH SOLE 44834
ALABAMA NATL BANCORP DELA COM 010317105 9561 122877 SH SOLE 122877
ALBERTO CULVER CO NEW COM 013078100 2320 94540 SH SOLE 94540
ALCATEL-LUCENT SPONSORED ADR 013904305 1231 168182 SH SOLE 168182
ALEXION PHARMACEUTICALS INC NOTE 1.375% 2/0 015351AF6 1219 500000 PRN SOLE 500000
ALFA CORP COM 015385107 7797 359797 SH SOLE 359797
ALLEGHENY TECHNOLOGIES INC COM 01741R102 18299 211795 SH SOLE 211795
ALLERGAN INC NOTE 1.500% 4/0 018490AL6 1171 1000000 PRN SOLE 1000000
ALLIANCE DATA SYSTEMS CORP COM 018581108 1542 20559 SH SOLE 20559
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 201 15000 SH SOLE 15000
ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 792 500000 PRN SOLE 500000
ALLIANT TECHSYSTEMS INC NOTE 2.750% 2/1 018804AH7 741 500000 PRN SOLE 500000
ALPHARMA INC NOTE 2.125% 3/1 020813AH4 442 500000 PRN SOLE 500000
ALTRA HOLDINGS INC COM 02208R106 782 47049 SH SOLE 47049
ALTRIA GROUP INC COM 02209S103 17602 232890 SH SOLE 232890
ALUMINUM CORP CHINA LTD SPON ADR H SHS 022276109 2770 54707 SH SOLE 54707
AMAZON COM INC NOTE 4.750% 2/0 023135AF3 605 500000 PRN SOLE 500000
AMB PROPERTY CORP COM 00163T109 2249 39074 SH SOLE 39074
AMBAC FINL GROUP INC COM 023139108 5305 205857 SH SOLE 205857
AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 508 500000 PRN SOLE 500000
AMERICAN CAPITAL STRATEGIES COM 024937104 6925 210105 SH SOLE 210105
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1916 92267 SH SOLE 92267
AMERICAN FINL GROUP INC OHIO COM 025932104 1769 61264 SH SOLE 61264
AMERICAN FINL GROUP INC OHIO NOTE 1.486% 6/0 025932AD6 253 500000 PRN SOLE 500000
AMERICAN FINL RLTY TR COM 02607P305 6591 821849 SH SOLE 821849
AMERICAN INTL GROUP INC COM 026874107 1713 29386 SH SOLE 29386
AMERICAN ORIENTAL BIOENGR IN COM 028731107 436 39342 SH SOLE 39342
AMERICAN TOWER CORP NOTE 3.000% 8/1 029912AR3 1061 500000 PRN SOLE 500000
AMERIPRISE FINL INC COM 03076C106 8591 155880 SH SOLE 155880
AMERIS BANCORP COM 03076K108 1143 67829 SH SOLE 67829
AMERISOURCEBERGEN CORP COM 03073E105 2199 48999 SH SOLE 48999
AMGEN INC COM 031162100 9187 197834 SH SOLE 197834
AMIS HLDGS INC COM 031538101 6900 688615 SH SOLE 688615
AMN HEALTHCARE SERVICES INC COM 001744101 201 11682 SH SOLE 11682
AMR CORP NOTE 4.500% 2/1 001765BB1 1042 1000000 PRN SOLE 1000000
AMYLIN PHARMACEUTICALS INC NOTE 3.000% 6/1 032346AE8 471 500000 PRN SOLE 500000
ANALOG DEVICES INC COM 032654105 3552 112037 SH SOLE 112037
ANDREW CORP NOTE 3.250% 8/1 034425AB4 546 500000 PRN SOLE 500000
ANGLO AMERN PLC ADR NEW 03485P201 397 13077 SH SOLE 13077
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 1975 46134 SH SOLE 46134
ANNTAYLOR STORES CORP COM 036115103 3794 148452 SH SOLE 148452
ANTHRACITE CAP INC COM 037023108 364 50240 SH SOLE 50240
AON CORP COM 037389103 1181 24766 SH SOLE 24766
APACHE CORP COM 037411105 11981 111414 SH SOLE 111414
APOGEE ENTERPRISES INC COM 037598109 209 12204 SH SOLE 12204
APPALACHIAN BANCSHARES INC COM 037675105 245 24900 SH SOLE 24900
AQUA AMERICA INC COM 03836W103 566 26702 SH SOLE 26702
AQUILA INC COM 03840P102 7874 2111064 SH SOLE 2111064
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 3077 39783 SH SOLE 39783
ARKANSAS BEST CORP DEL COM 040790107 434 19768 SH SOLE 19768
ASE TEST LTD ORD Y02516105 6706 472559 SH SOLE 472559
ASHFORD HOSPITALITY TR INC COM SHS 044103109 483 67137 SH SOLE 67137
ASHLAND INC NEW COM 044209104 3506 73914 SH SOLE 73914
ASML HOLDING N V NY REG SHS N07059186 5741 183466 SH SOLE 183466
ASPREVA PHARMACEUTICALS CORP COM 04538T109 11466 441012 SH SOLE 441012
ASSURANT INC COM 04621X108 2060 30794 SH SOLE 30794
ASTA FDG INC COM 046220109 364 13767 SH SOLE 13767
ASTORIA FINL CORP COM 046265104 2310 99265 SH SOLE 99265
ASTRAZENECA PLC SPONSORED ADR 046353108 1764 41202 SH SOLE 41202
AU OPTRONICS CORP SPONSORED ADR 002255107 664 34583 SH SOLE 34583
AUBURN NATL BANCORP COM 050473107 325 14804 SH SOLE 14804
AUTOLIV INC COM 052800109 2774 52626 SH SOLE 52626
AUTOMATIC DATA PROCESSING IN COM 053015103 12893 289539 SH SOLE 289539
AUTOZONE INC COM 053332102 6610 55121 SH SOLE 55121
AVALONBAY CMNTYS INC COM 053484101 5565 59118 SH SOLE 59118
AVIS BUDGET GROUP COM 053774105 2217 170574 SH SOLE 170574
AVISTA CORP COM 05379B107 1129 52434 SH SOLE 52434
AVNET INC DBCV 2.000% 3/1 053807AL7 1170 1000000 PRN SOLE 1000000
AVOCENT CORP COM 053893103 1493 64052 SH SOLE 64052
AVON PRODS INC COM 054303102 4203 106336 SH SOLE 106336
AXA SPONSORED ADR 054536107 556 13995 SH SOLE 13995
AXCAN PHARMA INC COM 054923107 3109 135153 SH SOLE 135153
BAIDU COM INC SPON ADR REP A 056752108 7037 18025 SH SOLE 18025
BAKER HUGHES INC COM 057224107 21386 263705 SH SOLE 263705
BALL CORP COM 058498106 4094 90988 SH SOLE 90988
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 2480 102261 SH SOLE 102261
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 338 13089 SH SOLE 13089
BANCO SANTANDER SA ADR 05964H105 230 10673 SH SOLE 10673
BANK OF NEW YORK MELLON CORP COM 064058100 6404 131334 SH SOLE 131334
BANNER CORP COM 06652V109 1988 69183 SH SOLE 69183
BARNES & NOBLE INC COM 067774109 691 20067 SH SOLE 20067
BAXTER INTL INC COM 071813109 8511 146608 SH SOLE 146608
BB^T CORP COM 054937107 2216 72248 SH SOLE 72248
BEA SYS INC COM 073325102 10615 672674 SH SOLE 672674
BEAR STEARNS COS INC COM 073902108 2034 23046 SH SOLE 23046
BECKMAN COULTER INC COM 075811109 1487 20431 SH SOLE 20431
BED BATH & BEYOND INC COM 075896100 7097 241482 SH SOLE 241482
BENEFICIAL MUTUAL BANCORP IN COM 08173R104 393 40394 SH SOLE 40394
BERKLEY W R CORP COM 084423102 2005 67251 SH SOLE 67251
BEST BUY INC SDCV 2.250% 1/1 086516AF8 1197 1000000 PRN SOLE 1000000
BIG LOTS INC COM 089302103 2927 183027 SH SOLE 183027
BIW LTD COM 05547U102 889 37645 SH SOLE 37645
BJS WHOLESALE CLUB INC COM 05548J106 3852 113859 SH SOLE 113859
BLACK & DECKER CORP COM 091797100 7650 109828 SH SOLE 109828
BLACKROCK ENH EQ YLD FD INC COM 09256C105 247 15300 SH SOLE 15300
BLACKROCK ENHANCED DIV ACHV COM 09251A104 267 23500 SH SOLE 23500
BLACKROCK MUNIHOLDINGS CALIF COM 09254L107 245 19100 SH SOLE 19100
BLACKROCK MUNIHOLDINGS FLA I COM 09254P108 264 21157 SH SOLE 21157
BLACKROCK MUNIHOLDINGS N J I COM 09254X101 262 19900 SH SOLE 19900
BLACKROCK MUNIHOLDINGS N Y I COM 09255C106 229 17800 SH SOLE 17800
BLACKROCK MUNIYIELD CALIF IN COM 09254N103 231 17900 SH SOLE 17900
BLACKROCK MUNIYIELD MICH INS COM 09254V105 226 17100 SH SOLE 17100
BLACKROCK MUNIYIELD N Y INSD COM 09255E102 214 17300 SH SOLE 17300
BLACKROCK MUNYIELD INSD FD I COM 09254E103 263 20700 SH SOLE 20700
BLACKROCK PFD & EQ ADVANTAGE COM 092508100 236 13800 SH SOLE 13800
BLACKROCK PFD OPPORTUNITY TR COM SHS 09249V103 227 13100 SH SOLE 13100
BLACKROCK REAL ASSET EQUITY COM 09254B109 227 13400 SH SOLE 13400
BLACKROCK STRAT DIVD ACHIEVE COM 09249Y107 231 18800 SH SOLE 18800
BLOCK H & R INC COM 093671105 1729 93125 SH SOLE 93125
BOARDWALK BANCORP INC COM 09661Q103 1305 59200 SH SOLE 59200
BOB EVANS FARMS INC COM 096761101 934 34668 SH SOLE 34668
BOEING CO COM 097023105 4818 55093 SH SOLE 55093
BORDERS GROUP INC COM 099709107 1249 117259 SH SOLE 117259
BOSTON PROPERTIES INC COM 101121101 9382 102192 SH SOLE 102192
BOYD GAMING CORP COM 103304101 1573 46167 SH SOLE 46167
BP PLC SPONSORED ADR 055622104 2858 39058 SH SOLE 39058
BRADLEY PHARMACEUTICALS INC COM 104576103 6651 337635 SH SOLE 337635
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 379 21128 SH SOLE 21128
BRE PROPERTIES INC CL A 05564E106 3071 75761 SH SOLE 75761
BRIDGE CAP HLDGS COM 108030107 1123 52300 SH SOLE 52300
BRINKER INTL INC COM 109641100 2419 123682 SH SOLE 123682
BRINKS CO COM 109696104 2568 42991 SH SOLE 42991
BROADCOM CORP CL A 111320107 14692 562047 SH SOLE 562047
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 508 22639 SH SOLE 22639
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 359 48958 SH SOLE 48958
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 647 18147 SH SOLE 18147
BROOKFIELD PPTYS CORP COM 112900105 2431 126309 SH SOLE 126309
BROOKLINE BANCORP INC DEL COM 11373M107 1033 101669 SH SOLE 101669
BROWN & BROWN INC COM 115236101 1417 60283 SH SOLE 60283
BRUNSWICK CORP COM 117043109 2327 136501 SH SOLE 136501
BUNGE LIMITED COM G16962105 6829 58662 SH SOLE 58662
CA INC COM 12673P105 6249 250468 SH SOLE 250468
CADENCE DESIGN SYSTEM INC NOTE 8/1 127387AB4 576 500000 PRN SOLE 500000
CAESARS ENTMT INC FRNT 4/1 127687AB7 677 500000 PRN SOLE 500000
CAL DIVE INTL INC DEL COM 12802T101 724 54648 SH SOLE 54648
CAMERON INTERNATIONAL CORP COM 13342B105 3593 74659 SH SOLE 74659
CAMPBELL SOUP CO COM 134429109 603 16883 SH SOLE 16883
CANADIAN NATL RY CO COM 136375102 1377 29337 SH SOLE 29337
CANADIAN PAC RY LTD COM 13645T100 729 11274 SH SOLE 11274
CARDINAL FINL CORP COM 14149F109 1043 111911 SH SOLE 111911
CARDINAL HEALTH INC COM 14149Y108 5528 95715 SH SOLE 95715
CARDINAL STATE BANK DURHAM N COM 141546101 1378 89260 SH SOLE 89260
CAREER EDUCATION CORP COM 141665109 388 15445 SH SOLE 15445
CARLISLE COS INC COM 142339100 1248 33706 SH SOLE 33706
CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 583 500000 PRN SOLE 500000
CARNIVAL PLC ADR 14365C103 486 11071 SH SOLE 11071
CAROLINA NATL CORP COM 144060100 336 19000 SH SOLE 19000
CARPENTER TECHNOLOGY CORP COM 144285103 4992 66414 SH SOLE 66414
CARRIER ACCESS CORP COM 144460102 2522 1050784 SH SOLE 1050784
CBRL GROUP INC COM 12489V106 512 15815 SH SOLE 15815
CEDAR SHOPPING CTRS INC COM NEW 150602209 262 25624 SH SOLE 25624
CELESTICA INC SUB VTG SHS 15101Q108 400 68988 SH SOLE 68988
CELGENE CORP COM 151020104 12942 280076 SH SOLE 280076
CELGENE CORP NOTE 1.750% 6/0 151020AC8 1908 500000 PRN SOLE 500000
CENTENNIAL BK HLDGS INC DEL COM 151345303 1072 185492 SH SOLE 185492
CENTER BANCORP INC COM 151408101 215 19480 SH SOLE 19480
CENTERPOINT ENERGY INC COM 15189T107 4121 240592 SH SOLE 240592
CENTERPOINT ENERGY INC NOTE 3.750% 5/1 15189TAM9 762 500000 PRN SOLE 500000
CENTRAL PAC FINL CORP COM 154760102 258 13997 SH SOLE 13997
CENTRAL VA BANKSHARES INC COM 155792104 308 16900 SH SOLE 16900
CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 916 500000 PRN SOLE 500000
CENTURYTEL INC COM 156700106 3925 94674 SH SOLE 94674
CEPHALON INC NOTE 6/1 156708AL3 667 500000 PRN SOLE 500000
CEPHALON INC NOTE 2.000% 6/0 156708AP4 2005 1219000 PRN SOLE 1219000
CF INDS HLDGS INC COM 125269100 2194 19932 SH SOLE 19932
CHAMPION ENTERPRISES INC COM 158496109 475 50410 SH SOLE 50410
CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 1467 1000000 PRN SOLE 1000000
CHECK POINT SOFTWARE TECH LT ORD M22465104 308 14032 SH SOLE 14032
CHEMTURA CORP COM 163893100 482 61813 SH SOLE 61813
CHENIERE ENERGY INC COM NEW 16411R208 1010 30940 SH SOLE 30940
CHESAPEAKE ENERGY CORP COM 165167107 1472 37550 SH SOLE 37550
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 1105 1000000 PRN SOLE 1000000
CHEVRON CORP NEW COM 166764100 10926 117068 SH SOLE 117068
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 4035 46448 SH SOLE 46448
CHINA NETCOM GROUP CORP HK L SPONSORED ADR 16940Q101 632 10632 SH SOLE 10632
CHITTENDEN CORP COM 170228100 14092 395628 SH SOLE 395628
CHUBB CORP COM 171232101 7215 132189 SH SOLE 132189
CHUNGHWA TELECOM CO LTD SPONSORED ADR 17133Q205 464 25336 SH SOLE 25336
CIENA CORP NOTE 0.875% 6/1 171779AE1 1040 1000000 PRN SOLE 1000000
CINCINNATI BELL INC NEW COM 171871106 1025 215712 SH SOLE 215712
CINTAS CORP COM 172908105 4359 129656 SH SOLE 129656
CISCO SYS INC COM 17275R102 26263 970200 SH SOLE 970200
CIT GROUP INC COM 125581108 5690 236769 SH SOLE 236769
CITIGROUP INC COM 172967101 3642 123693 SH SOLE 123693
CITIZENS COMMUNICATIONS CO COM 17453B101 3633 285355 SH SOLE 285355
CITY NATL CORP COM 178566105 1612 27066 SH SOLE 27066
CKE RESTAURANTS INC NOTE 4.000%10/0 12561EAG0 1563 1000000 PRN SOLE 1000000
CLAYMONT STEEL HOLDINGS INC COM 18382P104 6594 282414 SH SOLE 282414
CLAYMORE EXCHANGE TRADED FD CLEAR SPIN OFF 18383M605 285 10600 SH SOLE 10600
CLEAR CHANNEL COMMUNICATIONS COM 184502102 1428 41357 SH SOLE 41357
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 315 11399 SH SOLE 11399
CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 666 500000 PRN SOLE 500000
CMS ENERGY CORP NOTE 3.375% 7/1 125896AY6 1704 1028000 PRN SOLE 1028000
CNA FINL CORP COM 126117100 709 21018 SH SOLE 21018
CNOOC LTD SPONSORED ADR 126132109 2587 15449 SH SOLE 15449
COACH INC COM 189754104 6376 208514 SH SOLE 208514
COCA COLA CO COM 191216100 12425 202456 SH SOLE 202456
COCA COLA ENTERPRISES INC COM 191219104 4957 190436 SH SOLE 190436
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 536 10871 SH SOLE 10871
COGNEX CORP COM 192422103 262 13010 SH SOLE 13010
COGNOS INC COM 19244C109 7498 130241 SH SOLE 130241
COLDWATER CREEK INC COM 193068103 298 44555 SH SOLE 44555
COLEY PHARMACEUTICAL GROUP I COM 19388P106 7649 956093 SH SOLE 956093
COLGATE PALMOLIVE CO COM 194162103 3974 50979 SH SOLE 50979
COLLECTIVE BRANDS INC COM 19421W100 1370 78799 SH SOLE 78799
COLONIAL BANCGROUP INC COM 195493309 1028 75935 SH SOLE 75935
COMCAST HOLDINGS CORP ZONES CV2% PCS 200300507 607 15550 PRN SOLE 15550
COMMERCE BANCORP INC NJ COM 200519106 14584 382392 SH SOLE 382392
COMMERCE GROUP INC MASS COM 200641108 8844 245794 SH SOLE 245794
COMMUNITY CAP CORP S C COM 20363C102 409 27291 SH SOLE 27291
COMMUNITY FINL CORP VA COM 20365L100 599 66600 SH SOLE 66600
COMMUNITY TR BANCORP INC COM 204149108 1622 58915 SH SOLE 58915
COMMUNITY WEST BANCSHARES COM 204157101 251 27100 SH SOLE 27100
COMPANHIA VALE DO RIO DOCE SPON ADR PFD 204412100 599 21422 SH SOLE 21422
COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 711 21777 SH SOLE 21777
COMPUTER ASSOC INTL INC NOTE 1.625%12/1 204912AQ2 1301 1000000 PRN SOLE 1000000
COMPUTER SCIENCES CORP COM 205363104 2820 56999 SH SOLE 56999
COMPUWARE CORP COM 205638109 750 84480 SH SOLE 84480
COMTECH TELECOMMUNICATIONS C NOTE 2.000% 2/0 205826AD2 673 384000 PRN SOLE 384000
CONAGRA FOODS INC COM 205887102 8411 353547 SH SOLE 353547
CONCEPTUS INC COM 206016107 241 12531 SH SOLE 12531
CONSECO INC COM NEW 208464883 479 38119 SH SOLE 38119
CONSOLIDATED EDISON INC COM 209115104 3628 74260 SH SOLE 74260
CONTINENTAL AIRLS INC CL B 210795308 437 19657 SH SOLE 19657
COOPER CAMERON CORP DBCV 1.500% 5/1 216640AE2 1398 500000 PRN SOLE 500000
COOPER INDS LTD CL A G24182100 955 18062 SH SOLE 18062
CORE LABORATORIES LP NOTE 0.250%10/3 21868FAB9 1766 1250000 PRN SOLE 1250000
CORN PRODS INTL INC COM 219023108 2934 79826 SH SOLE 79826
CORNING INC COM 219350105 2061 85906 SH SOLE 85906
CORPORATE EXECUTIVE BRD CO COM 21988R102 2187 36388 SH SOLE 36388
COUNTRYWIDE FINANCIAL CORP COM 222372104 5689 636395 SH SOLE 636395
COVANTA HLDG CORP DBCV 1.000% 2/0 22282EAA0 1694 1500000 PRN SOLE 1500000
COVENTRY HEALTH CARE INC COM 222862104 3951 66681 SH SOLE 66681
COVIDIEN LTD COM G2552X108 839 18946 SH SOLE 18946
COWEN GROUP INC COM 223621103 1019 107100 SH SOLE 107100
CRANE CO COM 224399105 663 15448 SH SOLE 15448
CRESCENT BKG CO COM 225646108 511 40000 SH SOLE 40000
CRESCENT FINL CORP COM 225744101 250 26300 SH SOLE 26300
CSG SYS INTL INC COM 126349109 1045 70989 SH SOLE 70989
CSX CORP COM 126408103 1140 25918 SH SOLE 25918
CULLEN FROST BANKERS INC COM 229899109 2328 45950 SH SOLE 45950
CUMULUS MEDIA INC CL A 231082108 1210 150488 SH SOLE 150488
CUTERA INC COM 232109108 354 22573 SH SOLE 22573
CVS CAREMARK CORPORATION COM 126650100 616 15494 SH SOLE 15494
CYPRESS SEMICONDUCTOR CORP NOTE 1.000% 9/1 232806AK5 1607 1000000 PRN SOLE 1000000
CYTEC INDS INC COM 232820100 1763 28627 SH SOLE 28627
DAIMLER AG REG SHS D1668R123 1267 13254 SH SOLE 13254
DCT INDUSTRIAL TRUST INC COM 233153105 396 42526 SH SOLE 42526
DELTA PETE CORP COM NEW 247907207 268 14233 SH SOLE 14233
DESARROLLADORA HOMEX S A DE SPONSORED ADR 25030W100 600 12135 SH SOLE 12135
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 1142 52718 SH SOLE 52718
DEVRY INC DEL COM 251893103 2397 46132 SH SOLE 46132
DIAMONDROCK HOSPITALITY CO COM 252784301 1281 85499 SH SOLE 85499
DICKS SPORTING GOODS INC COM 253393102 3103 111791 SH SOLE 111791
DICKS SPORTING GOODS INC NOTE 1.606% 2/1 253393AB8 497 500000 PRN SOLE 500000
DIEBOLD INC COM 253651103 1424 49133 SH SOLE 49133
DIGITAL RIV INC COM 25388B104 4181 126440 SH SOLE 126440
DIRECTV GROUP INC COM 25459L106 2395 103605 SH SOLE 103605
DISCOVER FINL SVCS COM 254709108 1171 77672 SH SOLE 77672
DISNEY WALT CO COM DISNEY 254687106 14458 447878 SH SOLE 447878
DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 569 500000 PRN SOLE 500000
DOCUMENT SCIENCES CORP COM 25614R105 1166 80500 SH SOLE 80500
DOLLAR TREE STORES INC COM 256747106 2385 92016 SH SOLE 92016
DOMINION RES INC VA NEW NOTE 2.125%12/1 25746UAT6 645 500000 PRN SOLE 500000
DONNELLEY R R & SONS CO COM 257867101 1658 43945 SH SOLE 43945
DOW CHEM CO COM 260543103 10078 255660 SH SOLE 255660
DPL INC COM 233293109 2743 92502 SH SOLE 92502
DREMAN/CLAYMORE DIVID & INC COM 26153R100 235 14900 SH SOLE 14900
DRS TECHNOLOGIES INC COM 23330X100 1431 26371 SH SOLE 26371
DST SYS INC DEL DBCV 4.125% 8/1 233326AB3 651 370000 PRN SOLE 370000
DST SYS INC DEL DBCV 3.625% 8/1 233326AD9 1255 737000 PRN SOLE 737000
DU PONT E I DE NEMOURS & CO COM 263534109 8738 198183 SH SOLE 198183
DWS DREMAN VAL INCOME EDGE F COM 23339M105 236 17100 SH SOLE 17100
DWS GLOBAL COMMODITIES STK F COM 23338Y100 819 46500 SH SOLE 46500
DYCOM INDS INC COM 267475101 1277 47916 SH SOLE 47916
DYNEGY INC DEL CL A 26817G102 2741 383955 SH SOLE 383955
E M C CORP MASS COM 268648102 2654 143224 SH SOLE 143224
E M C CORP MASS NOTE 1.750%12/0 268648AM4 1364 1000000 PRN SOLE 1000000
E Z EM INC COM NEW 269305405 6653 320940 SH SOLE 320940
EAGLE BANCORP INC MD COM 268948106 1029 85000 SH SOLE 85000
EARTHLINK INC NOTE 3.250%11/1 270321AA0 514 500000 PRN SOLE 500000
EASTMAN CHEM CO COM 277432100 5019 82156 SH SOLE 82156
EASTMAN KODAK CO NOTE 3.375%10/1 277461BE8 508 500000 PRN SOLE 500000
EATON VANCE LTD DUR INCOME F COM 27828H105 279 18700 SH SOLE 18700
EATON VANCE TAX MNGED BUY WR COM 27828X100 281 16100 SH SOLE 16100
EATON VANCE TX MGD DIV EQ IN COM 27828N102 246 14800 SH SOLE 14800
EATON VANCE TXMGD GL BUYWR O COM 27829C105 267 15400 SH SOLE 15400
EBAY INC COM 278642103 5778 174092 SH SOLE 174092
EDISON INTL COM 281020107 11790 220914 SH SOLE 220914
EDWARDS LIFESCIENCES CORP COM 28176E108 1796 39047 SH SOLE 39047
EDWARDS LIFESCIENCES CORP DBCV 3.875% 5/1 28176EAB4 502 500000 PRN SOLE 500000
EL PASO CORP COM 28336L109 904 52428 SH SOLE 52428
ELECTRONIC DATA SYS NEW COM 285661104 348 16795 SH SOLE 16795
EMBARQ CORP COM 29078E105 1194 24116 SH SOLE 24116
EMCOR GROUP INC COM 29084Q100 449 19022 SH SOLE 19022
EMULEX CORP COM NEW 292475209 250 15348 SH SOLE 15348
ENCANA CORP COM 292505104 3498 51477 SH SOLE 51477
ENCORE ACQUISITION CO COM 29255W100 2219 66507 SH SOLE 66507
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 2589 97061 SH SOLE 97061
ENERGEN CORP COM 29265N108 3141 48902 SH SOLE 48902
ENERGY EAST CORP COM 29266M109 6786 249394 SH SOLE 249394
ENTERCOM COMMUNICATIONS CORP CL A 293639100 588 42935 SH SOLE 42935
ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 940 20002 SH SOLE 20002
EOG RES INC COM 26875P101 10481 117431 SH SOLE 117431
EPIC BANCORP COM 294250105 503 45400 SH SOLE 45400
EPICOR SOFTWARE CORP NOTE 2.375% 5/1 29426LAA6 901 1000000 PRN SOLE 1000000
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EQUINIX INC DBCV 2.500% 2/1 29444UAE6 1657 638000 PRN SOLE 638000
EQUITABLE RES INC COM 294549100 548 10279 SH SOLE 10279
ESSA BANCORP INC COM 29667D104 276 24524 SH SOLE 24524
EUROPEAN EQUITY FUND COM 298768102 1087 87700 SH SOLE 87700
EV3 INC COM 26928A200 226 17783 SH SOLE 17783
EVEREST RE GROUP LTD COM G3223R108 4397 43797 SH SOLE 43797
EVERGREEN MULTI SECT INC FUN COM SHS 30024Y104 247 15700 SH SOLE 15700
EXELON CORP COM 30161N101 6980 85499 SH SOLE 85499
EXPEDITORS INTL WASH INC COM 302130109 1594 35666 SH SOLE 35666
EXXON MOBIL CORP COM 30231G102 7944 84787 SH SOLE 84787
F N B CORP VA COM 302930102 1425 61336 SH SOLE 61336
F N B UNITED CORP COM 302519103 545 44860 SH SOLE 44860
F5 NETWORKS INC COM 315616102 1957 68636 SH SOLE 68636
FAIR ISAAC CORP COM 303250104 1532 47643 SH SOLE 47643
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 2258 156504 SH SOLE 156504
FAIRFAX FINL HLDGS LTD DBCV 5.000% 7/1 303901AL6 675 500000 PRN SOLE 500000
FEDERAL SIGNAL CORP COM 313855108 392 34965 SH SOLE 34965
FEDEX CORP COM 31428X106 4416 49519 SH SOLE 49519
FEI CO NOTE 2.875% 6/0 30241LAF6 549 500000 PRN SOLE 500000
FEI CO NOTE 6/1 30241LAD1 1049 1000000 PRN SOLE 1000000
FELCOR LODGING TR INC COM 31430F101 819 52536 SH SOLE 52536
FIDELITY NATL INFORMATION SV COM 31620M106 1869 44932 SH SOLE 44932
FIRST CHARTER CORP COM 319439105 8305 278138 SH SOLE 278138
FIRST CMNTY BANCORP CALIF COM 31983B101 2841 68901 SH SOLE 68901
FIRST CONSULTING GROUP INC COM 31986R103 7556 584372 SH SOLE 584372
FIRST HORIZON NATL CORP COM 320517105 3175 174936 SH SOLE 174936
FIRST IND CORP COM 32054R108 10750 335927 SH SOLE 335927
FIRST MUTUAL BANCSHARES INC COM 32190E102 3760 137167 SH SOLE 137167
FIRST POTOMAC RLTY TR COM 33610F109 872 50405 SH SOLE 50405
FIRST SEC GROUP INC COM 336312103 666 74200 SH SOLE 74200
FIRST ST BANCORPORATION COM 336453105 1426 102599 SH SOLE 102599
FIRST TR ENHANCED EQTY INC F COM 337318109 261 16200 SH SOLE 16200
FIRST TR GALLATIN SPEC FINAN COM BENE INTER 33733G109 240 20000 SH SOLE 20000
FIRSTENERGY CORP COM 337932107 3878 53614 SH SOLE 53614
FLEETWOOD ENTERPRISES INC COM 339099103 330 55169 SH SOLE 55169
FLEXTRONICS INTL LTD NOTE 1.000% 8/0 33938EAL1 1022 1000000 PRN SOLE 1000000
FLIR SYS INC NOTE 3.000% 6/0 302445AB7 2928 1000000 PRN SOLE 1000000
FLOWSERVE CORP COM 34354P105 3980 41374 SH SOLE 41374
FLUOR CORP NEW COM 343412102 5819 39931 SH SOLE 39931
FLUOR CORP NEW NOTE 1.500% 2/1 343412AA0 1297 500000 PRN SOLE 500000
FMC TECHNOLOGIES INC COM 30249U101 1393 24567 SH SOLE 24567
FORD MTR CO DEL COM PAR $0.01 345370860 5571 827719 SH SOLE 827719
FOREST OIL CORP COM PAR $0.01 346091705 4137 81364 SH SOLE 81364
FORESTAR REAL ESTATE GROUP I COM 346233109 1152 48852 SH SOLE 48852
FORTUNE BRANDS INC COM 349631101 3058 42266 SH SOLE 42266
FOX CHASE BANCORP COM 35137P106 274 24000 SH SOLE 24000
FPL GROUP INC COM 302571104 11836 174629 SH SOLE 174629
FRANCE TELECOM SPONSORED ADR 35177Q105 573 16078 SH SOLE 16078
FRANKLIN RES INC COM 354613101 7820 68340 SH SOLE 68340
FRANKLIN STREET PPTYS CORP COM 35471R106 333 22472 SH SOLE 22472
FRONTIER OIL CORP COM 35914P105 4249 104704 SH SOLE 104704
FULLER H B CO COM 359694106 248 11042 SH SOLE 11042
FURNITURE BRANDS INTL INC COM 360921100 566 56233 SH SOLE 56233
G B & T BANCSHARES INC COM 361462104 5100 544822 SH SOLE 544822
GABELLI GLOBAL MULTIMEDIA TR COM 36239Q109 225 17420 SH SOLE 17420
GANNETT INC COM 364730101 399 10221 SH SOLE 10221
GARMIN LTD ORD G37260109 1554 16024 SH SOLE 16024
GARTNER INC COM 366651107 568 32331 SH SOLE 32331
GEMSTAR-TV GUIDE INTL INC COM 36866W106 6572 1380604 SH SOLE 1380604
GEN-PROBE INC NEW COM 36866T103 1071 17017 SH SOLE 17017
GENCORP INC COM 368682100 230 19722 SH SOLE 19722
GENERAL AMERN INVS INC COM 368802104 366 10550 SH SOLE 10550
GENERAL CABLE CORP DEL NEW NOTE 0.875%11/1 369300AD0 804 500000 PRN SOLE 500000
GENERAL DYNAMICS CORP COM 369550108 13168 147972 SH SOLE 147972
GENERAL ELECTRIC CO COM 369604103 5562 150028 SH SOLE 150028
GENERAL GROWTH PPTYS INC COM 370021107 9933 241201 SH SOLE 241201
GENERAL MLS INC COM 370334104 4042 70916 SH SOLE 70916
GENERAL MTRS CORP COM 370442105 4136 166158 SH SOLE 166158
GENESIS MICROCHIP INC DEL COM 37184C103 6690 780663 SH SOLE 780663
GENLYTE GROUP INC COM 372302109 6697 70348 SH SOLE 70348
GENTEX CORP COM 371901109 484 27240 SH SOLE 27240
GENUINE PARTS CO COM 372460105 2924 63157 SH SOLE 63157
GLIMCHER RLTY TR SH BEN INT 379302102 221 15497 SH SOLE 15497
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 950 66916 SH SOLE 66916
GOODMAN GLOBAL INC COM 38239A100 1559 63513 SH SOLE 63513
GOODRICH CORP COM 382388106 6723 95216 SH SOLE 95216
GOODYEAR TIRE & RUBR CO COM 382550101 577 20438 SH SOLE 20438
GOOGLE INC CL A 38259P508 13110 18959 SH SOLE 18959
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 465 10427 SH SOLE 10427
GRACO INC COM 384109104 1049 28154 SH SOLE 28154
GRAINGER W W INC COM 384802104 2301 26290 SH SOLE 26290
GRANITE CONSTR INC COM 387328107 2873 79418 SH SOLE 79418
GRANT PRIDECO INC COM 38821G101 6284 113196 SH SOLE 113196
GREAT LAKES BANCORP INC NEW COM 390914109 5032 392500 SH SOLE 392500
GREAT PEE DEE BANCORP INC COM 39115R100 1524 66600 SH SOLE 66600
GREEN BANKSHARES INC COM NEW 394361208 778 40517 SH SOLE 40517
GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 676 32493 SH SOLE 32493
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 2831 119091 SH SOLE 119091
GUARANTY FINL GROUP INC COM 40108N106 782 48852 SH SOLE 48852
GUESS INC COM 401617105 4080 107686 SH SOLE 107686
H & Q HEALTHCARE FD SH BEN INT 404052102 564 34119 SH SOLE 34119
HALLIBURTON CO COM 406216101 15190 400685 SH SOLE 400685
HANCOCK JOHN PATRIOT PREM II COM SH BEN INT 41013T105 763 76564 SH SOLE 76564
HANESBRANDS INC COM 410345102 1263 46475 SH SOLE 46475
HANMI FINL CORP COM 410495105 743 86154 SH SOLE 86154
HANSEN NAT CORP COM 411310105 1864 42081 SH SOLE 42081
HARMAN INTL INDS INC COM 413086109 1003 13610 SH SOLE 13610
HARRAHS ENTMT INC COM 413619107 1250 14084 SH SOLE 14084
HARRINGTON WEST FINL GROUP I COM 41383L104 1495 132900 SH SOLE 132900
HARSCO CORP COM 415864107 1900 29650 SH SOLE 29650
HARTFORD FINL SVCS GROUP INC COM 416515104 15760 180750 SH SOLE 180750
HASBRO INC COM 418056107 745 29136 SH SOLE 29136
HASBRO INC DBCV 2.750%12/0 418056AN7 638 500000 PRN SOLE 500000
HCC INS HLDGS INC COM 404132102 1337 46618 SH SOLE 46618
HCC INS HLDGS INC NOTE 1.300% 4/0 404132AB8 941 722000 PRN SOLE 722000
HEADWATERS INC COM 42210P102 335 28574 SH SOLE 28574
HEALTH CARE REIT INC NOTE 4.750%12/0 42217KAP1 524 500000 PRN SOLE 500000
HEALTH NET INC COM 42222G108 2509 51952 SH SOLE 51952
HEALTHSOUTH CORP COM NEW 421924309 434 20645 SH SOLE 20645
HEINZ H J CO COM 423074103 1438 30816 SH SOLE 30816
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 990 23850 SH SOLE 23850
HELMERICH & PAYNE INC COM 423452101 606 15120 SH SOLE 15120
HENRY JACK & ASSOC INC COM 426281101 1595 65539 SH SOLE 65539
HERITAGE FINL CORP WASH COM 42722X106 824 41400 SH SOLE 41400
HERSHA HOSPITALITY TR SH BEN INT A 427825104 208 21902 SH SOLE 21902
HEWLETT PACKARD CO COM 428236103 19680 389848 SH SOLE 389848
HIGHWOODS PPTYS INC COM 431284108 2645 90021 SH SOLE 90021
HNI CORP COM 404251100 1135 32383 SH SOLE 32383
HORACE MANN EDUCATORS CORP N COM 440327104 490 25890 SH SOLE 25890
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 3684 114345 SH SOLE 114345
HOST HOTELS & RESORTS INC COM 44107P104 518 30390 SH SOLE 30390
HRPT PPTYS TR COM SH BEN INT 40426W101 1723 222910 SH SOLE 222910
HSBC HLDGS PLC SPON ADR NEW 404280406 2272 27143 SH SOLE 27143
HUDSON CITY BANCORP COM 443683107 2189 145740 SH SOLE 145740
HUMAN GENOME SCIENCES INC COM 444903108 206 19772 SH SOLE 19772
HUMANA INC COM 444859102 5564 73884 SH SOLE 73884
HUNTSMAN CORP COM 447011107 1612 62720 SH SOLE 62720
IAC INTERACTIVECORP COM NEW 44919P300 7390 274514 SH SOLE 274514
IAMGOLD CORP COM 450913108 306 37826 SH SOLE 37826
IBT BANCORP INC PA COM 44923F108 697 25295 SH SOLE 25295
ICONIX BRAND GROUP INC COM 451055107 230 11681 SH SOLE 11681
IMAGE ENTMT INC COM NEW 452439201 1307 356000 SH SOLE 356000
IMATION CORP COM 45245A107 473 22528 SH SOLE 22528
IMS HEALTH INC COM 449934108 789 34238 SH SOLE 34238
INDYMAC BANCORP INC COM 456607100 1528 256833 SH SOLE 256833
ING RISK MANAGED NAT RES FD COM 449810100 244 14400 SH SOLE 14400
INGRAM MICRO INC CL A 457153104 2304 127725 SH SOLE 127725
INTEGRATED DEVICE TECHNOLOGY COM 458118106 2163 191224 SH SOLE 191224
INTEGRYS ENERGY GROUP INC COM 45822P105 1316 25467 SH SOLE 25467
INTERACTIVE BROKERS GROUP IN COM 45841N107 482 14912 SH SOLE 14912
INTERMUNE INC NOTE 0.250% 3/0 45884XAC7 931 1000000 PRN SOLE 1000000
INTERNATIONAL BUSINESS MACHS COM 459200101 4824 44627 SH SOLE 44627
INTERPUBLIC GROUP COS INC NOTE 4.500% 3/1 460690AT7 503 500000 PRN SOLE 500000
INTERSIL CORP CL A 46069S109 6062 247644 SH SOLE 247644
INVESTORS BANCORP INC COM 46146P102 887 62739 SH SOLE 62739
ISHARES SILVER TRUST ISHARES 46428Q109 8020 54654 SH SOLE 54654
ITC HLDGS CORP COM 465685105 1524 27008 SH SOLE 27008
ITT EDUCATIONAL SERVICES INC COM 45068B109 4299 50416 SH SOLE 50416
J2 GLOBAL COMMUNICATIONS INC COM NEW 46626E205 230 10862 SH SOLE 10862
JANUS CAP GROUP INC COM 47102X105 4866 148131 SH SOLE 148131
JAPAN EQUITY FD INC COM 471057109 212 28600 SH SOLE 28600
JEFFERIES GROUP INC NEW COM 472319102 721 31285 SH SOLE 31285
JEFFERSON BANCSHARES INC TEN COM 472375104 796 78800 SH SOLE 78800
JETBLUE AWYS CORP COM 477143101 1508 255627 SH SOLE 255627
JOHNSON & JOHNSON COM 478160104 4769 71500 SH SOLE 71500
JUNIPER NETWORKS INC NOTE 6/1 48203RAC8 1654 1000000 PRN SOLE 1000000
K V PHARMACEUTICAL CO NOTE 2.500% 5/1 482740AC1 636 500000 PRN SOLE 500000
KANSAS CITY SOUTHERN COM NEW 485170302 2505 72972 SH SOLE 72972
KB HOME COM 48666K109 7315 338676 SH SOLE 338676
KBR INC COM 48242W106 391 10069 SH SOLE 10069
KEARNY FINL CORP COM 487169104 332 27850 SH SOLE 27850
KELLOGG CO COM 487836108 9483 180875 SH SOLE 180875
KENNAMETAL INC COM 489170100 2998 79192 SH SOLE 79192
KILROY RLTY CORP COM 49427F108 2917 53077 SH SOLE 53077
KINDRED HEALTHCARE INC COM 494580103 1195 47820 SH SOLE 47820
KINETIC CONCEPTS INC COM NEW 49460W208 3544 66164 SH SOLE 66164
KING PHARMACEUTICALS INC COM 495582108 208 20293 SH SOLE 20293
KKR FINANCIAL HLDGS LLC COM 48248A306 249 17730 SH SOLE 17730
KNBT BANCORP INC COM 482921103 7857 509564 SH SOLE 509564
KNOT INC COM 499184109 319 20008 SH SOLE 20008
KOHLS CORP COM 500255104 11329 247350 SH SOLE 247350
KOREA EQUITY FD INC COM 50063B104 1132 86400 SH SOLE 86400
KOREA FD COM 500634100 1134 42791 SH SOLE 42791
KROGER CO COM 501044101 10241 383403 SH SOLE 383403
KT CORP SPONSORED ADR 48268K101 831 32196 SH SOLE 32196
L-3 COMMUNICATIONS HLDGS INC COM 502424104 4150 39171 SH SOLE 39171
LABORATORY CORP AMER HLDGS NOTE 9/1 50540RAG7 513 500000 PRN SOLE 500000
LAM RESEARCH CORP COM 512807108 6499 150340 SH SOLE 150340
LAMAR ADVERTISING CO NOTE 2.875%12/3 512815AH4 580 500000 PRN SOLE 500000
LAS VEGAS SANDS CORP COM 517834107 1971 19127 SH SOLE 19127
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 1502 47085 SH SOLE 47085
LEGGETT & PLATT INC COM 524660107 2217 127139 SH SOLE 127139
LEUCADIA NATL CORP NOTE 3.750% 4/1 527288AX2 2943 1360000 PRN SOLE 1360000
LEVEL 3 COMMUNICATIONS INC NOTE 6.000% 9/1 52729NAG5 459 500000 PRN SOLE 500000
LG PHILIP LCD CO LTD SPONS ADR REP 50186V102 1066 41049 SH SOLE 41049
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 835 118485 SH SOLE 118485
LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 1038 1000000 PRN SOLE 1000000
LIBERTY PPTY TR SH BEN INT 531172104 611 21222 SH SOLE 21222
LIFE TIME FITNESS INC COM 53217R207 2750 55347 SH SOLE 55347
LIFEPOINT HOSPITALS INC COM 53219L109 864 29062 SH SOLE 29062
LINCOLN NATL CORP IND COM 534187109 3465 59510 SH SOLE 59510
LIVE NATION INC COM 538034109 1272 87589 SH SOLE 87589
LIZ CLAIBORNE INC COM 539320101 3607 177226 SH SOLE 177226
LLOYDS TSB GROUP PLC SPONSORED ADR 539439109 507 13465 SH SOLE 13465
LOCKHEED MARTIN CORP COM 539830109 13690 130062 SH SOLE 130062
LOCKHEED MARTIN CORP DBCV 8/1 539830AP4 737 500000 PRN SOLE 500000
LOEWS CORP CAROLNA GP STK 540424207 5428 63630 SH SOLE 63630
LONGS DRUG STORES CORP COM 543162101 501 10656 SH SOLE 10656
LOUISIANA PAC CORP COM 546347105 207 15111 SH SOLE 15111
LOWES COS INC NOTE 10/1 548661CG0 451 500000 PRN SOLE 500000
LUBRIZOL CORP COM 549271104 3143 58040 SH SOLE 58040
M & T BK CORP COM 55261F104 2730 33470 SH SOLE 33470
M D C HLDGS INC COM 552676108 439 11828 SH SOLE 11828
MACERICH CO COM 554382101 3884 54665 SH SOLE 54665
MACYS INC COM 55616P104 12011 464292 SH SOLE 464292
MADDEN STEVEN LTD COM 556269108 468 23392 SH SOLE 23392
MADISON CLAYMORE CVRD CALL F COM 556582104 301 26400 SH SOLE 26400
MALAYSIA FD INC COM 560905101 217 20000 SH SOLE 20000
MANITOWOC INC COM 563571108 4019 82308 SH SOLE 82308
MANOR CARE INC NEW NOTE 2.125% 4/1 564055AK7 2133 991000 PRN SOLE 991000
MANPOWER INC COM 56418H100 5089 89437 SH SOLE 89437
MARATHON OIL CORP COM 565849106 19015 312437 SH SOLE 312437
MARSHALL & ILSLEY CORP NEW COM 571837103 2512 94879 SH SOLE 94879
MARTEK BIOSCIENCES CORP COM 572901106 311 10517 SH SOLE 10517
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 243 17410 SH SOLE 17410
MATRIX SVC CO COM 576853105 333 15247 SH SOLE 15247
MATTEL INC COM 577081102 2054 107904 SH SOLE 107904
MBIA INC COM 55262C100 5906 317009 SH SOLE 317009
MCCORMICK & CO INC COM NON VTG 579780206 2276 60047 SH SOLE 60047
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MCGRAW HILL COS INC COM 580645109 11412 260487 SH SOLE 260487
MEDAREX INC COM 583916101 402 38617 SH SOLE 38617
MEDICAL PPTYS TRUST INC COM 58463J304 547 53654 SH SOLE 53654
MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 1590 1500000 PRN SOLE 1500000
MENS WEARHOUSE INC COM 587118100 606 22479 SH SOLE 22479
MENTOR GRAPHICS CORP COM 587200106 268 24838 SH SOLE 24838
MERCK & CO INC COM 589331107 17164 295370 SH SOLE 295370
MERCURY GENL CORP NEW COM 589400100 689 13839 SH SOLE 13839
MEREDITH CORP COM 589433101 1989 36182 SH SOLE 36182
MERRILL LYNCH & CO INC COM 590188108 5357 101126 SH SOLE 101126
METHANEX CORP COM 59151K108 478 17322 SH SOLE 17322
METLIFE INC COM 59156R108 21186 343822 SH SOLE 343822
MEXICO EQUITY & INCOME FD COM 592834105 631 25700 SH SOLE 25700
MEXICO FD INC COM 592835102 3977 113300 SH SOLE 113300
MGI PHARMA INC COM 552880106 7036 173610 SH SOLE 173610
MICRON TECHNOLOGY INC COM 595112103 5358 739082 SH SOLE 739082
MICRON TECHNOLOGY INC NOTE 1.875% 6/0 595112AH6 799 1000000 PRN SOLE 1000000
MIDWEST AIR GROUP INC COM 597911106 1421 95986 SH SOLE 95986
MILLER HERMAN INC COM 600544100 2337 72151 SH SOLE 72151
MINERALS TECHNOLOGIES INC COM 603158106 1083 16178 SH SOLE 16178
MIRANT CORP NEW COM 60467R100 1244 31918 SH SOLE 31918
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 460 49338 SH SOLE 49338
MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 355 37125 SH SOLE 37125
MOLSON COORS BREWING CO CL B 60871R209 4507 87306 SH SOLE 87306
MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 1184 1000000 PRN SOLE 1000000
MONEYGRAM INTL INC COM 60935Y109 6979 454062 SH SOLE 454062
MONSANTO CO NEW COM 61166W101 22767 203837 SH SOLE 203837
MONSTER WORLDWIDE INC COM 611742107 5381 166072 SH SOLE 166072
MOODYS CORP COM 615369105 3694 103475 SH SOLE 103475
MORGAN STANLEY ASIA PAC FD I COM 61744U106 387 19200 SH SOLE 19200
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MTC TECHNOLOGIES INC COM 55377A106 1065 45325 SH SOLE 45325
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NABORS INDS INC NOTE 0.940% 5/1 629568AP1 938 1000000 PRN SOLE 1000000
NABORS INDUSTRIES LTD SHS G6359F103 3874 141444 SH SOLE 141444
NATIONAL BANKSHARES INC VA COM 634865109 516 30200 SH SOLE 30200
NATIONAL RETAIL PROPERTIES I NOTE 3.950% 9/1 637417AA4 524 500000 PRN SOLE 500000
NATIONAL SEMICONDUCTOR CORP COM 637640103 1635 72197 SH SOLE 72197
NATIONWIDE HEALTH PPTYS INC COM 638620104 1439 45882 SH SOLE 45882
NATROL INC COM 638789107 2450 563211 SH SOLE 563211
NAVTEQ CORP COM 63936L100 15392 203601 SH SOLE 203601
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NETMANAGE INC COM NEW 641144308 1212 202011 SH SOLE 202011
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NII HLDGS INC NOTE 2.750% 8/1 62913FAF9 1218 1000000 PRN SOLE 1000000
NIKE INC CL B 654106103 5703 88779 SH SOLE 88779
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 369 14953 SH SOLE 14953
NOBLE CORPORATION SHS G65422100 1817 32151 SH SOLE 32151
NOKIA CORP SPONSORED ADR 654902204 1101 28682 SH SOLE 28682
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NUCOR CORP COM 670346105 2670 45092 SH SOLE 45092
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NVIDIA CORP COM 67066G104 3196 93953 SH SOLE 93953
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OLD MUTUAL CLAYMORE LNG SHT COM 68003N103 242 15800 SH SOLE 15800
OLIN CORP COM PAR $1 680665205 1918 99213 SH SOLE 99213
OMEGA FINL CORP COM 682092101 2060 70405 SH SOLE 70405
OMNICARE INC COM 681904108 696 30516 SH SOLE 30516
OMNICOM GROUP INC COM 681919106 6513 137038 SH SOLE 137038
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ONEBEACON INSURANCE GROUP LT CL A G67742109 678 31522 SH SOLE 31522
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OPEN TEXT CORP COM 683715106 460 14636 SH SOLE 14636
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