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 45 10000 SH CALL SOLE 10000
ABERCROMBIE & FITCH CO CL A 002896207 716 8958 SH SOLE 8958
ACM MANAGED DLR INCOME FD COM 000949107 78 10900 SH SOLE 10900
ACME COMMUNICATION INC COM 004631107 36 13300 SH SOLE 13300
ACTIONS SEMICONDUCTOR CO LTD ADR 00507E107 59 14516 SH SOLE 14516
ADVANCED ENERGY INDS COM 007973100 159 12159 SH SOLE 12159
ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 133 26586 SH SOLE 26586
AFFILIATED MANAGERS GROUP COM 008252108 247 2107 SH SOLE 2107
AIRNET SYS INC COM 009417106 40 21200 SH SOLE 21200
ALLIANCE CALIF MUN INCOME FD COM 018546101 146 10800 SH SOLE 10800
ALLIANCE ONE INTL INC COM 018772103 66 16195 SH SOLE 16195
ALTRIA GROUP INC COM 02209S103 227 3000 SH CALL SOLE 3000
AMARIN CORP PLC SPONSORED ADR 023111107 15 56641 SH SOLE 56641
AMERICAN CMNTY NEWSPAPERS IN COM 02520T103 42 15100 SH SOLE 15100
AMERICAN EQTY INVT LIFE HLD COM 025676206 185 22267 SH SOLE 22267
AMERICAN STRATEGIC INCM PTFL COM 030098107 122 11500 SH SOLE 11500
AMERICAN STS WTR CO COM 029899101 260 6893 SH SOLE 6893
ANGIOTECH PHARMACEUTICALS IN COM 034918102 143 41195 SH SOLE 41195
ANSOFT CORP COM 036384105 241 9322 SH SOLE 9322
APTARGROUP INC COM 038336103 241 5884 SH SOLE 5884
ARENA PHARMACEUTICALS INC COM 040047102 112 14329 SH SOLE 14329
ARIAD PHARMACEUTICALS INC COM 04033A100 57 13355 SH SOLE 13355
ARMSTRONG WORLD INDS INC NEW COM 04247X102 386 9636 SH SOLE 9636
ASSISTED LIVING CONCPT NEV N CL A 04544X102 156 20762 SH SOLE 20762
ATARI INC COM NEW 04651M204 26 20812 SH SOLE 20812
AURORA OIL & GAS CORP COM 052036100 18 11700 SH SOLE 11700
AVANEX CORP COM 05348W109 46 46485 SH SOLE 46485
AVANIR PHARMACEUTICALS CL A NEW 05348P401 27 21330 SH SOLE 21330
BALLARD PWR SYS INC COM 05858H104 55 10474 SH SOLE 10474
BANCOLOMBIA S A SPON ADR PREF 05968L102 228 6693 SH SOLE 6693
BANK NOVA SCOTIA HALIFAX COM 064149107 404 7991 SH SOLE 7991
BANK OF MARIN BANCORP COM 063425102 284 9699 SH SOLE 9699
BARCLAYS BK PLC IP MSCI IND 36 06739F291 983 10050 SH SOLE 10050
BEACON POWER CORP COM 073677106 34 22621 SH SOLE 22621
BERKSHIRE HATHAWAY INC DEL CL B 084670207 289 61 SH SOLE 61
BFC FINL CORP CL A 055384200 20 13445 SH SOLE 13445
BLACKROCK CORE BD TR SHS BEN INT 09249E101 135 11500 SH SOLE 11500
BLACKROCK LONG-TERM MUNI ADV COM 09250B103 133 11300 SH SOLE 11300
BLACKROCK MUNIHLDGS FD INC COM 09254A101 169 14000 SH SOLE 14000
BLACKROCK MUNIYIELD FLA INC COM 09254R104 155 12200 SH SOLE 12200
BLACKROCK MUNIYIELD FLA INSD COM 09254T100 171 13600 SH SOLE 13600
BLACKROCK MUNIYIELD N J INSD COM 09255A100 174 13000 SH SOLE 13000
BLACKROCK MUNIYIELD PA INSD COM 09255G107 175 12800 SH SOLE 12800
BLACKROCK MUNIYIELD QUALITY COM 09254G108 145 12500 SH SOLE 12500
BLUE COAT SYSTEMS INC COM NEW 09534T508 211 6430 SH SOLE 6430
BOEING CO COM 097023105 262 3000 SH CALL SOLE 3000
BOOKHAM INC COM 09856E105 25 10646 SH SOLE 10646
BROWN SHOE INC NEW COM 115736100 172 11336 SH SOLE 11336
BSD MED CORP DEL COM 055662100 56 11200 SH SOLE 11200
BT GROUP PLC ADR 05577E101 307 5694 SH SOLE 5694
C COR INC COM 125010108 227 20655 SH SOLE 20655
CADBURY SCHWEPPES PLC ADR 127209302 258 5218 SH SOLE 5218
CALLWAVE INC DEL COM 13126N101 69 22300 SH SOLE 22300
CANON INC ADR 138006309 332 7244 SH SOLE 7244
CAPITOL FED FINL COM 14057C106 221 7143 SH SOLE 7143
CAPSTONE TURBINE CORP COM 14067D102 51 31086 SH SOLE 31086
CAPTARIS INC COM 14071N104 55 12753 SH SOLE 12753
CARBO CERAMICS INC COM 140781105 211 5674 SH SOLE 5674
CARDIAC SCIENCE CORP COM 14141A108 180 22300 SH SOLE 22300
CASH AMER INTL INC COM 14754D100 270 8371 SH SOLE 8371
CASUAL MALE RETAIL GRP INC COM 148711104 100 19244 SH SOLE 19244
CATALYST PHARM PARTNERS INC COM 14888U101 42 12080 SH SOLE 12080
CAVALIER HOMES INC COM 149507105 26 13394 SH SOLE 13394
CDC CORP SHS A G2022L106 155 31810 SH SOLE 31810
CELL GENESYS INC COM 150921104 40 17351 SH SOLE 17351
CENTERSTATE BKS FLA INC COM 15201P109 129 10652 SH SOLE 10652
CENVEO INC COM 15670S105 195 11138 SH SOLE 11138
CERADYNE INC COM 156710105 200 4271 SH SOLE 4271
CERNER CORP COM 156782104 400 7098 SH SOLE 7098
CGG VERITAS SPONSORED ADR 204386106 280 4998 SH SOLE 4998
CHARTER COMMUNICATIONS INC D CL A 16117M107 50 42842 SH SOLE 42842
CHARTWELL DIVD & INCOME FD I COM 16139P104 88 12100 SH SOLE 12100
CHESAPEAKE ENERGY CORP PFD CONV 165167842 562 5000 SH SOLE 5000
CHIPMOS TECH BERMUDA LTD SHS G2110R106 57 13474 SH SOLE 13474
CHRISTOPHER & BANKS CORP COM 171046105 160 13978 SH SOLE 13978
CHURCH & DWIGHT INC COM 171340102 264 4889 SH SOLE 4889
CIBER INC COM 17163B102 69 11327 SH SOLE 11327
COHEN & STEERS SELECT UTIL F COM 19248A109 239 8700 SH SOLE 8700
CONCORD CAMERA CORP COM NEW 206156200 45 14100 SH SOLE 14100
CONEXANT SYSTEMS INC COM 207142100 32 38250 SH SOLE 38250
CONOCOPHILLIPS COM 20825C104 876 9925 SH SOLE 9925
CONSOLIDATED MERCANTILE INC COM 20950N107 14 10700 SH SOLE 10700
COVAD COMMUNICATIONS GROUP I COM 222814204 16 18700 SH SOLE 18700
COVENANT TRANSN GROUP INC CL A 22284P105 97 14406 SH SOLE 14406
CRAY INC COM NEW 225223304 119 19809 SH SOLE 19809
CREDIT SUISSE GROUP SPONSORED ADR 225401108 504 8393 SH SOLE 8393
CRITICAL THERAPEUTICS INC COM 22674T105 51 39931 SH SOLE 39931
CROWN CRAFTS INC COM 228309100 47 13300 SH SOLE 13300
CSG SYS INTL INC NOTE 2.500% 6/1 126349AB5 427 500000 PRN SOLE 500000
CURTISS WRIGHT CORP COM 231561101 240 4773 SH SOLE 4773
CYTRX CORP COM NEW 232828301 34 12132 SH SOLE 12132
DAG MEDIA INC COM 233729102 71 54500 SH SOLE 54500
DEL MONTE FOODS CO COM 24522P103 158 16721 SH SOLE 16721
DELAWARE INV MN MUN INC FD I COM 24610V103 141 11000 SH SOLE 11000
DENNYS CORP COM 24869P104 79 21033 SH SOLE 21033
DEVON ENERGY CORP NEW COM 25179M103 276 3108 SH SOLE 3108
DIAGEO P L C SPON ADR NEW 25243Q205 791 9218 SH SOLE 9218
DIGITAL ANGEL CORP COM 253830103 10 16444 SH SOLE 16444
DOMTAR CORP COM 257559104 196 25516 SH SOLE 25516
DONALDSON INC COM 257651109 212 4566 SH SOLE 4566
DRESS BARN INC COM 261570105 165 13188 SH SOLE 13188
DTF TAX-FREE INCOME INC COM 23334J107 190 13500 SH SOLE 13500
DUFF & PHELPS UTIL CORP BD T COM 26432K108 152 14700 SH SOLE 14700
DWS HIGH INCOME TR SHS 23337C109 56 11700 SH SOLE 11700
DWS MUN INCOME TR COM 23338M106 142 13400 SH SOLE 13400
EAGLE MATERIALS INC COM 26969P108 237 6676 SH SOLE 6676
ECTEL LTD ORD M29925100 50 17500 SH SOLE 17500
EMERGING MKTS TELECOMNC FD N COM 290890102 201 7400 SH SOLE 7400
EMERSON RADIO CORP COM NEW 291087203 22 16700 SH SOLE 16700
ENCYSIVE PHARMACEUTICALS INC COM 29256X107 11 13080 SH SOLE 13080
ENERGIZER HLDGS INC COM 29266R108 252 2249 SH SOLE 2249
ENTERTAINMENT DIST CO INC COM 29382J105 15 22238 SH SOLE 22238
ESS TECHNOLOGY INC COM 269151106 46 34752 SH SOLE 34752
EVCI CAREER COLLEGES HLDG CO COM NEW 26926P308 7 26700 SH SOLE 26700
EVOLUTION PETROLEUM CORP COM 30049A107 59 11600 SH SOLE 11600
EXXON MOBIL CORP COM 30231G102 328 3500 SH CALL SOLE 3500
EZCORP INC CL A NON VTG 302301106 195 17268 SH SOLE 17268
FAIRFAX FINL HLDGS LTD SUB VTG 303901102 365 1277 SH SOLE 1277
FCSTONE GROUP INC COM 31308T100 213 4631 SH SOLE 4631
FEDERATED PREM INTR MUN INC COM 31423M105 181 14600 SH SOLE 14600
FEDFIRST FINL CORP COM 31429X105 107 11900 SH SOLE 11900
FELDMAN MALL PPTYS INC COM 314308107 185 50000 SH SOLE 50000
FIBERTOWER CORP COM 31567R100 58 25279 SH SOLE 25279
FINISAR COM 31787A101 36 24573 SH SOLE 24573
FINISH LINE INC CL A 317923100 38 15667 SH SOLE 15667
FIRST CASH FINL SVCS INC COM 31942D107 151 10313 SH SOLE 10313
FIRST SOLAR INC COM 336433107 2786 10429 SH SOLE 10429
FORTRESS INTL GROUP INC COM 34958D102 73 14990 SH SOLE 14990
FOSTER WHEELER LTD SHS NEW G36535139 445 2870 SH SOLE 2870
FRANKLIN COVEY CO COM 353469109 103 13073 SH SOLE 13073
FREMONT GEN CORP COM 357288109 68 19530 SH SOLE 19530
GAMMON GOLD INC COM 36467T106 102 12716 SH SOLE 12716
GAYLORD ENTMT CO NEW COM 367905106 206 5079 SH SOLE 5079
GENERAL EMPLOYMENT ENTERPRIS COM 369730106 47 29000 SH SOLE 29000
GENEREX BIOTECHNOLOGY CP DEL COM 371485103 18 11209 SH SOLE 11209
GENESCO INC COM 371532102 231 6103 SH SOLE 6103
GENTA INC COM PAR $0.001 37245M504 8 15636 SH SOLE 15636
GEORGIA GULF CORP COM PAR $0.01 373200203 371 56000 SH PUT SOLE 56000
GERON CORP COM 374163103 66 11532 SH SOLE 11532
GIGA TRONICS INC COM 375175106 21 11040 SH SOLE 11040
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 381 7564 SH SOLE 7564
GLOBAL INCOME FD INC COM 37934Y108 64 16352 SH SOLE 16352
GOLDEN STAR RES LTD CDA COM 38119T104 47 15025 SH SOLE 15025
GOLDEN TELECOM INC COM 38122G107 681 6741 SH SOLE 6741
GOLDLEAF FINANCIAL SOLUTIONS COM NEW 38144H208 17 10600 SH SOLE 10600
GRAFTECH INTL LTD COM 384313102 196 11019 SH SOLE 11019
GRAVITY CO LTD SPONSORED ADR 38911N107 42 13400 SH SOLE 13400
GREAT LAKES DREDGE & DOCK CO COM 390607109 157 18026 SH SOLE 18026
GREY WOLF INC COM 397888108 130 24335 SH SOLE 24335
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 88 11576 SH SOLE 11576
HANDLEMAN CO DEL COM 410252100 26 15100 SH SOLE 15100
HANOVER CAP MTG HLDGS INC COM 410761100 4 11100 SH SOLE 11100
HARLEY DAVIDSON INC COM 412822108 253 5427 SH SOLE 5427
HECLA MNG CO COM 422704106 173 18455 SH SOLE 18455
HUANENG PWR INTL INC SPON ADR H SHS 443304100 225 5437 SH SOLE 5437
HUBBELL INC CL B 443510201 401 7780 SH SOLE 7780
IMAX CORP COM 45245E109 71 10371 SH SOLE 10371
INDUSTRIAL ENTERPRISES AMER COM NEW 456132208 7 11900 SH SOLE 11900
INFOCUS CORP COM 45665B106 20 11200 SH SOLE 11200
ING PRIME RATE TR SH BEN INT 44977W106 87 14000 SH SOLE 14000
INTEGRITY BANCSHARES INC COM 45818G101 27 15687 SH SOLE 15687
INTEL CORP SDCV 2.950%12/1 458140AD2 1073 1000000 PRN SOLE 1000000
INTERNATIONAL BUSINESS MACHS COM 459200101 216 2000 SH PUT SOLE 2000
INTERNATIONAL COAL GRP INC N COM 45928H106 66 12264 SH SOLE 12264
INTERSTATE HOTELS & RESRTS I COM 46088S106 106 26700 SH SOLE 26700
INTUITIVE SURGICAL INC COM NEW 46120E602 1769 5478 SH SOLE 5478
INVERNESS MED INNOVATIONS IN COM 46126P106 2190 38975 SH SOLE 38975
INVESCO LTD SHS G491BT108 449 14321 SH SOLE 14321
INVESTMENT TECHNOLOGY GRP NE COM 46145F105 252 5287 SH SOLE 5287
ION MEDIA NETWORKS INC CL A 46205A103 86 64400 SH SOLE 64400
IPASS INC COM 46261V108 42 10237 SH SOLE 10237
IRELAND BK SPONSORED ADR 46267Q103 415 6864 SH SOLE 6864
IRWIN FINL CORP COM 464119106 117 15971 SH SOLE 15971
ISHARES INC MSCI EMU INDEX 464286608 394 3300 SH SOLE 3300
ISHARES INC MSCI BRAZIL 464286400 13842 171741 SH SOLE 171741
ISHARES TR RUSSELL 2000 464287655 949 12500 SH CALL SOLE 12500
ISHARES TR S^P GBL FIN 464287333 2269 28425 SH SOLE 28425
ISHARES TR S^P GBL HLTHCR 464287325 4359 74749 SH SOLE 74749
IVANHOE ENERGY INC COM 465790103 34 21967 SH SOLE 21967
JACOBS ENGR GROUP INC DEL COM 469814107 696 7282 SH SOLE 7282
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 156 16400 SH SOLE 16400
JARDEN CORP COM 471109108 218 9217 SH SOLE 9217
JENNIFER CONVS INC COM 476153101 70 14800 SH SOLE 14800
JOHNSON & JOHNSON COM 478160104 200 3000 SH CALL SOLE 3000
JOY GLOBAL INC COM 481165108 581 8829 SH SOLE 8829
JUPITERMEDIA CORP COM 48207D101 66 17302 SH SOLE 17302
K-SWISS INC CL A 482686102 185 10212 SH SOLE 10212
KODIAK OIL & GAS CORP COM 50015Q100 35 16000 SH SOLE 16000
KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 242 5672 SH SOLE 5672
KOOKMIN BK NEW SPONSORED ADR 50049M109 341 4650 SH SOLE 4650
KULICKE & SOFFA INDS INC COM 501242101 102 14906 SH SOLE 14906
LATTICE SEMICONDUCTOR CORP COM 518415104 34 10552 SH SOLE 10552
LAZARD LTD SHS A G54050102 220 5411 SH SOLE 5411
LEADIS TECHNOLOGY INC COM 52171N103 64 22490 SH SOLE 22490
LEHMAN BR FIRST TR INCM OPP COM 525178109 150 12700 SH SOLE 12700
LEVEL 3 COMMUNICATIONS INC COM 52729N100 106 34827 SH SOLE 34827
LEVITT CORP CL A 52742P108 92 41700 SH SOLE 41700
LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 463 626000 PRN SOLE 626000
LIGAND PHARMACEUTICALS INC CL B 53220K207 53 10911 SH SOLE 10911
LOGICVISION INC COM 54140W107 15 14800 SH SOLE 14800
LUCENT TECHNOLOGIES INC DBCV 2.750% 6/1 549463AG2 457 500000 PRN SOLE 500000
MAD CATZ INTERACTIVE INC COM 556162105 43 37000 SH SOLE 37000
MADISON STRTG SECTOR PREM FD COM 558268108 171 11000 SH SOLE 11000
MANNKIND CORP COM 56400P201 82 10318 SH SOLE 10318
MARKEL CORP COM 570535104 455 926 SH SOLE 926
MASTEC INC COM 576323109 107 10483 SH SOLE 10483
MAXIMUS INC COM 577933104 284 7352 SH SOLE 7352
MAXYGEN INC COM 577776107 131 16336 SH SOLE 16336
MBIA CAP CLAYMORE MNG DUR IN COM 55266X100 133 10700 SH SOLE 10700
MEADE INSTRUMENTS CORP COM 583062104 77 62400 SH SOLE 62400
MECHEL OAO SPONSORED ADR 583840103 294 3025 SH SOLE 3025
MEDIA SCIENCES INTL INC COM 58446X107 52 12200 SH SOLE 12200
MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 512 500000 PRN SOLE 500000
MELCO PBL ENTMNT LTD ADR 585464100 160 13811 SH SOLE 13811
MERCADOLIBRE INC COM 58733R102 298 4036 SH SOLE 4036
MERIDIAN GOLD INC PUT 589975951 102 16143 SH SOLE 16143
METAVANTE TECHNOLOGIES INC COM 591407101 220 9436 SH SOLE 9436
METROPOLITAN HEALTH NETWORKS COM 592142103 49 20600 SH SOLE 20600
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 117 17404 SH SOLE 17404
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 119 22500 SH SOLE 22500
MFS HIGH YIELD MUN TR SH BEN INT 59318E102 100 20980 SH SOLE 20980
MFS INTER INCOME TR SH BEN INT 55273C107 80 13200 SH SOLE 13200
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 109 18900 SH SOLE 18900
MFS SPL VALUE TR SH BEN INT 55274E102 83 10900 SH SOLE 10900
MIDCAP SPDR TR UNIT SER 1 595635103 758 4880 SH SOLE 4880
MINE SAFETY APPLIANCES CO COM 602720104 250 4821 SH SOLE 4821
MOHAWK INDS INC COM 608190104 298 4011 SH SOLE 4011
MOVIE STAR INC COM 624591103 28 17200 SH SOLE 17200
MRV COMMUNICATIONS INC COM 553477100 26 11116 SH SOLE 11116
MVC CAPITAL INC COM 553829102 191 11846 SH SOLE 11846
MYLAN INC NOTE 1.250% 3/1 628530AG2 909 1000000 PRN SOLE 1000000
NARA BANCORP INC COM 63080P105 171 14651 SH SOLE 14651
NASH FINCH CO COM 631158102 209 5929 SH SOLE 5929
NASTECH PHARMACEUTICAL INC COM PAR $0.006 631728409 44 11485 SH SOLE 11485
NATIONWIDE FINL SVCS INC CL A 638612101 202 4490 SH SOLE 4490
NAVIGATORS GROUP INC COM 638904102 202 3101 SH SOLE 3101
NCR CORP NEW COM 62886E108 228 9084 SH SOLE 9084
NEKTAR THERAPEUTICS COM 640268108 296 44052 SH SOLE 44052
NEOSE TECHNOLOGIES INC COM 640522108 32 30300 SH SOLE 30300
NETSOL TECHNOLOGIES INC COM NEW 64115A204 32 13451 SH SOLE 13451
NEUBERGER BERMAN CA INT MUN COM 64123C101 160 12400 SH SOLE 12400
NEUBERGER BERMAN INTER MUNI COM 64124P101 190 14800 SH SOLE 14800
NEVADA GOLD & CASINOS INC COM NEW 64126Q206 30 24400 SH SOLE 24400
NEVSUN RES LTD COM 64156L101 55 22900 SH SOLE 22900
NEWPORT CORP COM 651824104 131 10214 SH SOLE 10214
NEWSTAR FINANCIAL INC COM 65251F105 98 11887 SH SOLE 11887
NORTH AMERN PALLADIUM LTD COM 656912102 48 13102 SH SOLE 13102
NORTHWEST AIRLS CORP COM 667280408 168 11595 SH SOLE 11595
NOVAVAX INC COM 670002104 40 12002 SH SOLE 12002
NPS PHARMACEUTICALS INC COM 62936P103 94 24637 SH SOLE 24637
NUVEEN EQUITY PREM & GROWTH COM 6706EW100 185 10800 SH SOLE 10800
NUVEEN FLA INVT QUALITY MUN COM 670970102 166 12800 SH SOLE 12800
NUVEEN FLA QUALITY INCOME MU COM 670978105 155 11900 SH SOLE 11900
NUVEEN INSD CA PREM INCOME 2 COM 67061U108 170 13000 SH SOLE 13000
NUVEEN INSD CALIF DIVID COM 67071M104 180 13300 SH SOLE 13300
NUVEEN INSD DIVID ADVANTAGE COM 67071L106 179 13266 SH SOLE 13266
NUVEEN INSD FLA PREM INCOME COM 67101V108 170 12800 SH SOLE 12800
NUVEEN INSD NEW YORK DIVID COM 67071N102 166 12500 SH SOLE 12500
NUVEEN INSD NY PREM INCOME F COM 67101R107 173 13300 SH SOLE 13300
NUVEEN MD DIV ADV MUN FD 3 COM 67072A109 130 10400 SH SOLE 10400
NUVEEN MICH PREM INCOME MUN COM 67101Q109 197 15400 SH SOLE 15400
NUVEEN MICH QUALITY INCOME M COM 670979103 149 11400 SH SOLE 11400
NUVEEN N C DIV ADV FD 2 COM 67071D104 168 12556 SH SOLE 12556
NUVEEN N C PREM INCOME MUN F SH BEN INT 67060P100 158 12200 SH SOLE 12200
NUVEEN N Y INVT QUALITY MUN COM 67062X101 159 12200 SH SOLE 12200
NUVEEN NJ DIV ADVANTAGE MUN COM 67069Y102 131 10100 SH SOLE 10100
NUVEEN OHIO QUALITY INCOME M COM 670980101 187 13500 SH SOLE 13500
NUVEEN PA INVT QUALITY MUN F COM 670972108 141 10900 SH SOLE 10900
NUVEEN PA PREM INCOME MUN FD COM 67061F101 158 12700 SH SOLE 12700
NUVEEN TEX QUALITY INCOME MU COM 670983105 130 10000 SH SOLE 10000
NUVELO INC COM NEW 67072M301 32 17263 SH SOLE 17263
NYMEX HOLDINGS INC COM 62948N104 668 5000 SH PUT SOLE 5000
OMNICARE INC DBCV 3.250%12/1 681904AL2 364 500000 PRN SOLE 500000
OPEN JT STK CO-VIMPEL COMMUN SPONSORED ADR 68370R109 242 5815 SH SOLE 5815
OPTIMAL GROUP INC CL A NEW 68388R208 50 12041 SH SOLE 12041
OSCIENT PHARMACEUTICALS CORP COM NEW 68812R303 16 11780 SH SOLE 11780
OVERHILL FARMS INC COM 690212105 32 11100 SH SOLE 11100
PAINCARE HLDGS INC COM 69562E104 7 58400 SH SOLE 58400
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 1268 1000000 PRN SOLE 1000000
PEMCO AVIATION INC COM 706444106 429 1977 SH SOLE 1977
PERDIGAO S A COMERCIO E INDS SP ADR COM NEW 71361V303 224 4540 SH SOLE 4540
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 629 5455 SH SOLE 5455
PHARMACEUTICAL HLDRS TR DEPOSITRY RCPT 71712A206 1220 15400 SH SOLE 15400
PHOTOMEDEX INC COM 719358103 25 26000 SH SOLE 26000
PIMCO MUN ADVANTAGE FD INC COM 722015104 163 12600 SH SOLE 12600
PLACER DOME INC DBCV 2.750%10/1 725906AK7 887 500000 PRN SOLE 500000
PLAINS EXPL& PRODTN CO COM 726505100 365 6750 SH SOLE 6750
POSCO SPONSORED ADR 693483109 823 5469 SH SOLE 5469
POST PPTYS INC COM 737464107 254 7221 SH SOLE 7221
POWERWAVE TECHNOLOGIES INC COM 739363109 85 21146 SH SOLE 21146
PRESTIGE BRANDS HLDGS INC COM 74112D101 76 10210 SH SOLE 10210
PROCTER & GAMBLE CO COM 742718109 220 3000 SH CALL SOLE 3000
PROLIANCE INTL INC COM 74340R104 49 27400 SH SOLE 27400
PULTE HOMES INC COM 745867101 176 16713 SH SOLE 16713
PUTNAM HIGH YIELD MUN TR SH BEN INT 746781103 102 15200 SH SOLE 15200
PUTNAM INVT GRADE MUN TR COM 746805100 114 12000 SH SOLE 12000
PUTNAM MANAGED MUN INCOM TR COM 746823103 112 16000 SH SOLE 16000
PUTNAM MUN BD FD INC SH BEN INT 74683V100 187 15900 SH SOLE 15900
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 99 15900 SH SOLE 15900
QUADRAMED CORP COM 74730W101 24 12720 SH SOLE 12720
QUANTUM CORP NOTE 4.375% 8/0 747906AE5 464 500000 PRN SOLE 500000
QUEBECOR WORLD INC COM NON-VTG 748203106 24 13351 SH SOLE 13351
QUIKSILVER INC COM 74838C106 116 13560 SH SOLE 13560
RAND LOGISTICS INC UNIT 10/26/2008 752182204 115 10000 SH SOLE 10000
RAND LOGISTICS INC COM 752182105 99 15400 SH SOLE 15400
REDENVELOPE INC COM 75733R601 50 10800 SH SOLE 10800
RELM WIRELESS CORP COM 759525108 79 25000 SH SOLE 25000
RENAISSANCE CAP GRWTH INCM I COM 75966V105 88 14400 SH SOLE 14400
RENTECH INC COM 760112102 22 11900 SH SOLE 11900
RETAIL VENTURES INC COM 76128Y102 184 36065 SH SOLE 36065
RF MICRODEVICES INC COM 749941100 80 14002 SH SOLE 14002
RITCHIE BROS AUCTIONEERS COM 767744105 329 3978 SH SOLE 3978
RITE AID CORP COM 767754104 47 16721 SH SOLE 16721
RIVERBED TECHNOLOGY INC COM 768573107 221 8269 SH SOLE 8269
RMR ASIA REAL ESTATE FUND COM BENE INTER 74964Q101 182 12100 SH SOLE 12100
ROCKFORD CORP COM 77316P101 40 20500 SH SOLE 20500
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 536 6366 SH SOLE 6366
SADIA S A SP ADR PFD 30 786326108 263 4604 SH SOLE 4604
SALLY BEAUTY HLDGS INC COM 79546E104 175 19285 SH SOLE 19285
SANDISK CORP NOTE 1.000% 5/1 80004CAC5 401 500000 PRN SOLE 500000
SANMINA SCI CORP COM 800907107 26 14023 SH SOLE 14023
SCHOOL SPECIALTY INC COM 807863105 236 6838 SH SOLE 6838
SCOTTISH RE GROUP LIMITED SHS G73537410 10 14115 SH SOLE 14115
SEACHANGE INTL INC COM 811699107 169 23441 SH SOLE 23441
SECURITY NATL FINL CORP CL A NEW 814785309 45 11100 SH SOLE 11100
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1612 45800 SH SOLE 45800
SELECTICA INC COM 816288104 47 26100 SH SOLE 26100
SELIGMAN SELECT MUN FD INC COM 816344105 125 12700 SH SOLE 12700
SEMICONDUCTOR MFG INTL CORP SPONSORED ADR 81663N206 160 30864 SH SOLE 30864
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 163 16800 SH SOLE 16800
SHAW GROUP INC COM 820280105 219 3629 SH SOLE 3629
SIEMENS A G SPONSORED ADR 826197501 711 4519 SH SOLE 4519
SIERRA HEALTH SVCS INC DBCV 2.250% 3/1 826322AB5 2294 500000 PRN SOLE 500000
SILICON IMAGE INC COM 82705T102 58 12761 SH SOLE 12761
SILVERSTAR HLDGS LTD ORD G81365101 36 20677 SH SOLE 20677
SINCLAIR BROADCAST GROUP INC CL A 829226109 95 11570 SH SOLE 11570
SIRIUS SATELLITE RADIO INC NOTE 2.500% 2/1 82966UAC7 544 519000 PRN SOLE 519000
SIRIUS SATELLITE RADIO INC NOTE 3.250%10/1 82966UAD5 865 895000 PRN SOLE 895000
SIX FLAGS INC COM 83001P109 34 16594 SH SOLE 16594
SKYWORKS SOLUTIONS INC COM 83088M102 199 23437 SH SOLE 23437
SOHU COM INC COM 83408W103 211 3872 SH SOLE 3872
SONUS PHARMACEUTICALS INC COM 835692104 5 12397 SH SOLE 12397
SOUTH JERSEY INDS INC COM 838518108 303 8390 SH SOLE 8390
SOUTHWESTERN ENERGY CO COM 845467109 408 7323 SH SOLE 7323
SPANISH BROADCASTING SYS INC CL A 846425882 39 21061 SH SOLE 21061
SPARK NETWORKS INC COM 84651P100 56 11300 SH SOLE 11300
SPARTECH CORP COM NEW 847220209 174 12324 SH SOLE 12324
SPHERION CORP COM 848420105 161 22080 SH SOLE 22080
ST MARY LD & EXPL CO COM 792228108 233 6027 SH SOLE 6027
STEIN MART INC COM 858375108 52 10929 SH SOLE 10929
STILLWATER MNG CO COM 86074Q102 186 19248 SH SOLE 19248
STREETTRACKS GOLD TR GOLD SHS 863307104 22095 268371 SH SOLE 268371
SUN-TIMES MEDIA GROUP INC COM 86688Q100 33 14816 SH SOLE 14816
SUNOCO INC COM 86764P109 720 9934 SH SOLE 9934
SUNPOWER CORP DBCV 1.250% 2/1 867652AA7 180 77000 PRN SOLE 77000
SUNRISE SENIOR LIVING INC COM 86768K106 304 9901 SH SOLE 9901
SUPER MICRO COMPUTER INC COM 86800U104 91 11852 SH SOLE 11852
SYMYX TECHNOLOGIES COM 87155S108 146 19054 SH SOLE 19054
TARGETED GENETICS CORP COM NEW 87612M306 18 11700 SH SOLE 11700
TARRAGON CORP COM 876287103 19 12687 SH SOLE 12687
TEAMSTAFF INC COM NEW 87815U204 26 37038 SH SOLE 37038
TELE NORTE LESTE PART S A SPON ADR PFD 879246106 196 10142 SH SOLE 10142
THOR INDS INC COM 885160101 221 5805 SH SOLE 5805
TIBCO SOFTWARE INC COM 88632Q103 91 11321 SH SOLE 11321
TIFFANY & CO NEW COM 886547108 311 6753 SH SOLE 6753
TRANSACT TECHNOLOGIES INC COM 892918103 63 13100 SH SOLE 13100
TRANSATLANTIC HLDGS INC COM 893521104 398 5478 SH SOLE 5478
TRIDENT MICROSYSTEMS INC COM 895919108 72 10945 SH SOLE 10945
TRIPLE CROWN MEDIA INC COM 89675K102 90 18900 SH SOLE 18900
TRONOX INC COM CL B 897051207 92 10649 SH SOLE 10649
TS^W CLAYMORE TAX ADVNTG BL COM 87280R108 153 11700 SH SOLE 11700
TYCO ELECTRONICS LTD COM NEW G9144P105 362 9758 SH SOLE 9758
U S CONCRETE INC COM 90333L102 130 38925 SH SOLE 38925
U S G CORP COM NEW 903293405 209 5847 SH SOLE 5847
UNIT CORP COM 909218109 262 5657 SH SOLE 5657
UNIVERSAL POWER GROUP INC COM 913788105 49 12200 SH SOLE 12200
US GOLD CORPORATION COM PAR $0.10 912023207 44 14924 SH SOLE 14924
VAALCO ENERGY INC COM NEW 91851C201 66 14220 SH SOLE 14220
VANDA PHARMACEUTICALS INC COM 921659108 116 16866 SH SOLE 16866
VERICHIP CORP COM 92342V105 35 15700 SH SOLE 15700
VIROPHARMA INC COM 928241108 162 20423 SH SOLE 20423
VIVO PARTICIPACOES S A SPON ADR PFD 92855S101 190 34724 SH SOLE 34724
VIVUS INC COM 928551100 57 11019 SH SOLE 11019
VONAGE HLDGS CORP COM 92886T201 30 13169 SH SOLE 13169
W HLDG CO INC COM 929251106 45 37497 SH SOLE 37497
WEINGARTEN RLTY INVS NOTE 3.950% 8/0 948741AF0 938 1000000 PRN SOLE 1000000
WESBANCO INC COM 950810101 757 36745 SH SOLE 36745
WESTAFF INC COM 957070105 65 16300 SH SOLE 16300
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 118 10100 SH SOLE 10100
WESTWOOD ONE INC COM 961815107 70 35051 SH SOLE 35051
WILSHIRE ENTERPRISES INC COM 971889100 63 19301 SH SOLE 19301
WIND RIVER SYSTEMS INC COM 973149107 161 18067 SH SOLE 18067
WINTHROP RLTY TR SH BEN INT 976391102 132 25003 SH SOLE 25003
WOODWARD GOVERNOR CO COM 980745103 221 3257 SH SOLE 3257
WORKSTREAM INC COM 981402100 30 33200 SH SOLE 33200
WRIGHT EXPRESS CORP COM 98233Q105 313 8818 SH SOLE 8818
YOUNG BROADCASTING INC CL A 987434107 20 18600 SH SOLE 18600
ZALE CORP NEW COM 988858106 197 12250 SH SOLE 12250
ZVUE CORP COM 988801106 31 18070 SH SOLE 18070