Stevens Capital Management as of March 31, 2008
Portfolio Holdings for Stevens Capital Management
Stevens Capital Management holds 0 positions in its portfolio as reported in the March 2008 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
1ST INDEPENDENCE FINL GRP IN COM 32053S107 1231 70572 SH SOLE 70572
3M CO COM 88579Y101 11034 139404 SH SOLE 139404
A D C TELECOMMUNICATIONS COM NEW 000886309 2131 176440 SH SOLE 176440
ABB LTD SPONSORED ADR 000375204 3837 142526 SH SOLE 142526
ABBOTT LABS COM 002824100 15007 272111 SH SOLE 272111
ABERCROMBIE & FITCH CO CL A 002896207 12640 172825 SH SOLE 172825
ABINGTON BANCORP INC COM 00350L109 799 77450 SH SOLE 77450
ABX HOLDINGS INC COM 00080S101 219 74514 SH SOLE 74514
ACCENTURE LTD BERMUDA CL A G1150G111 4034 114702 SH SOLE 114702
ACTIVISION INC NEW COM NEW 004930202 7040 257778 SH SOLE 257778
ACTUANT CORP SDCV 2.000%11/1 00508XAB0 784 500000 PRN SOLE 500000
ACUITY BRANDS INC COM 00508Y102 516 12014 SH SOLE 12014
ACXIOM CORP COM 005125109 431 36351 SH SOLE 36351
ADAPTEC INC COM 00651F108 334 113717 SH SOLE 113717
ADMINISTAFF INC COM 007094105 255 10798 SH SOLE 10798
ADOBE SYS INC COM 00724F101 16231 456059 SH SOLE 456059
ADTRAN INC COM 00738A106 901 48709 SH SOLE 48709
ADVANCE AUTO PARTS INC COM 00751Y106 2481 72872 SH SOLE 72872
ADVANCED MICRO DEVICES INC COM 007903107 1938 329110 SH SOLE 329110
ADVENT SOFTWARE INC COM 007974108 1261 29589 SH SOLE 29589
AEROPOSTALE COM 007865108 1763 65020 SH SOLE 65020
AETNA INC NEW COM 00817Y108 4409 104761 SH SOLE 104761
AFFYMETRIX INC COM 00826T108 810 46529 SH SOLE 46529
AGCO CORP NOTE 1.250%12/1 001084AM4 826 500000 PRN SOLE 500000
AGL RES INC COM 001204106 4314 125712 SH SOLE 125712
AGNICO EAGLE MINES LTD COM 008474108 2252 33262 SH SOLE 33262
AGRIUM INC COM 008916108 3945 63520 SH SOLE 63520
AIR PRODS & CHEMS INC COM 009158106 4494 48845 SH SOLE 48845
AIRGAS INC COM 009363102 1796 39496 SH SOLE 39496
AIRTRAN HLDGS INC COM 00949P108 583 88308 SH SOLE 88308
AKAMAI TECHNOLOGIES INC COM 00971T101 425 15090 SH SOLE 15090
ALBERTO CULVER CO NEW COM 013078100 2684 97916 SH SOLE 97916
ALEXANDER & BALDWIN INC COM 014482103 787 18264 SH SOLE 18264
ALEXION PHARMACEUTICALS INC NOTE 1.375% 2/0 015351AF6 989 500000 PRN SOLE 500000
ALFA CORP COM 015385107 7887 358838 SH SOLE 358838
ALIGN TECHNOLOGY INC COM 016255101 485 43658 SH SOLE 43658
ALLEGHENY ENERGY INC COM 017361106 6764 133943 SH SOLE 133943
ALLEGHENY TECHNOLOGIES INC COM 01741R102 7905 110771 SH SOLE 110771
ALLERGAN INC COM 018490102 10614 188216 SH SOLE 188216
ALLERGAN INC NOTE 1.500% 4/0 018490AL6 1103 1000000 PRN SOLE 1000000
ALLIANT ENERGY CORP COM 018802108 1169 33384 SH SOLE 33384
ALLIANT TECHSYSTEMS INC NOTE 2.750% 2/1 018804AH7 680 500000 PRN SOLE 500000
ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 735 500000 PRN SOLE 500000
ALLIANZ SE SP ADR 1/10 SH 018805101 842 42805 SH SOLE 42805
ALLSTATE CORP COM 020002101 1571 32694 SH SOLE 32694
ALPHARMA INC NOTE 2.125% 3/1 020813AH4 526 500000 PRN SOLE 500000
ALTERA CORP COM 021441100 5076 275396 SH SOLE 275396
ALTRA HOLDINGS INC COM 02208R106 716 53252 SH SOLE 53252
AMBAC FINL GROUP INC COM 023139108 2724 473715 SH SOLE 473715
AMBASSADORS INTL INC COM 023178106 392 52856 SH SOLE 52856
AMCOMP INC COM 02342J101 6723 550179 SH SOLE 550179
AMDOCS LTD ORD G02602103 818 28849 SH SOLE 28849
AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 494 500000 PRN SOLE 500000
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 1249 19604 SH SOLE 19604
AMERICAN CAMPUS CMNTYS INC COM 024835100 1546 56492 SH SOLE 56492
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 5564 317757 SH SOLE 317757
AMERICAN ELEC PWR INC COM 025537101 13242 318094 SH SOLE 318094
AMERICAN FINL GROUP INC OHIO COM 025932104 383 14970 SH SOLE 14970
AMERICAN FINL GROUP INC OHIO NOTE 1.486% 6/0 025932AD6 224 500000 PRN SOLE 500000
AMERICAN FINL RLTY TR COM 02607P305 6529 822325 SH SOLE 822325
AMERICAN ORIENTAL BIOENGR IN COM 028731107 202 24937 SH SOLE 24937
AMERICAN TOWER CORP NOTE 3.000% 8/1 029912AR3 985 500000 PRN SOLE 500000
AMERICREDIT CORP COM 03060R101 1483 147267 SH SOLE 147267
AMERIPRISE FINL INC COM 03076C106 926 17853 SH SOLE 17853
AMERIS BANCORP COM 03076K108 1114 69395 SH SOLE 69395
AMERISOURCEBERGEN CORP COM 03073E105 3392 82773 SH SOLE 82773
AMETEK INC NEW COM 031100100 952 21670 SH SOLE 21670
ANADARKO PETE CORP COM 032511107 24530 389187 SH SOLE 389187
ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 583 500000 PRN SOLE 500000
ANNALY CAP MGMT INC COM 035710409 364 23746 SH SOLE 23746
ANSOFT CORP COM 036384105 7306 239400 SH SOLE 239400
AON CORP COM 037389103 4624 115034 SH SOLE 115034
APPLE INC COM 037833100 29788 207583 SH SOLE 207583
APPLIED MATLS INC COM 038222105 9683 496296 SH SOLE 496296
APTARGROUP INC COM 038336103 1881 48310 SH SOLE 48310
AQUILA INC COM 03840P102 6831 2128099 SH SOLE 2128099
ARCH COAL INC COM 039380100 7048 162028 SH SOLE 162028
ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 1164 1000000 PRN SOLE 1000000
ARMSTRONG WORLD INDS INC NEW COM 04247X102 451 12658 SH SOLE 12658
ARRIS GROUP INC COM 04269Q100 820 140810 SH SOLE 140810
ART TECHNOLOGY GROUP INC COM 04289L107 444 114532 SH SOLE 114532
ASE TEST LTD ORD Y02516105 6967 478842 SH SOLE 478842
ASHFORD HOSPITALITY TR INC COM SHS 044103109 850 149674 SH SOLE 149674
ASIAINFO HLDGS INC COM 04518A104 454 41772 SH SOLE 41772
ASSURANT INC COM 04621X108 8203 134781 SH SOLE 134781
ASTRAZENECA PLC SPONSORED ADR 046353108 1238 32580 SH SOLE 32580
ATHEROS COMMUNICATIONS INC COM 04743P108 359 17249 SH SOLE 17249
AU OPTRONICS CORP SPONSORED ADR 002255107 522 30392 SH SOLE 30392
AUTODESK INC COM 052769106 7617 241969 SH SOLE 241969
AUTOZONE INC COM 053332102 5404 47472 SH SOLE 47472
AVALONBAY CMNTYS INC COM 053484101 13199 136749 SH SOLE 136749
AVIS BUDGET GROUP COM 053774105 1252 117906 SH SOLE 117906
AVISTA CORP COM 05379B107 951 48622 SH SOLE 48622
AVNET INC DBCV 2.000% 3/1 053807AL7 1122 1000000 PRN SOLE 1000000
AVON PRODS INC COM 054303102 11907 301145 SH SOLE 301145
BAKER HUGHES INC COM 057224107 7617 111193 SH SOLE 111193
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 334 14696 SH SOLE 14696
BANK OF AMERICA CORPORATION COM 060505104 10456 275816 SH SOLE 275816
BANK OF NEW YORK MELLON CORP COM 064058100 24770 593571 SH SOLE 593571
BANKFINANCIAL CORP COM 06643P104 416 26141 SH SOLE 26141
BANNER CORP COM 06652V109 1310 56862 SH SOLE 56862
BARCLAYS PLC ADR 06738E204 1307 36115 SH SOLE 36115
BARD C R INC COM 067383109 2812 29170 SH SOLE 29170
BARNES & NOBLE INC COM 067774109 368 12013 SH SOLE 12013
BAXTER INTL INC COM 071813109 5774 99867 SH SOLE 99867
BEA SYS INC COM 073325102 15603 814772 SH SOLE 814772
BECKMAN COULTER INC COM 075811109 2786 43161 SH SOLE 43161
BECTON DICKINSON & CO COM 075887109 13822 161007 SH SOLE 161007
BELO CORP COM SER A 080555105 937 88622 SH SOLE 88622
BEMIS INC COM 081437105 2954 116178 SH SOLE 116178
BENEFICIAL MUTUAL BANCORP IN COM 08173R104 524 52990 SH SOLE 52990
BERKLEY W R CORP COM 084423102 1992 71926 SH SOLE 71926
BEST BUY INC COM 086516101 16182 390315 SH SOLE 390315
BEST BUY INC SDCV 2.250% 1/1 086516AF8 1075 1000000 PRN SOLE 1000000
BHP BILLITON PLC SPONSORED ADR 05545E209 616 10490 SH SOLE 10490
BIG LOTS INC COM 089302103 843 37820 SH SOLE 37820
BIOVAIL CORP COM 09067J109 1155 108418 SH SOLE 108418
BJS WHOLESALE CLUB INC COM 05548J106 2432 68133 SH SOLE 68133
BLACK & DECKER CORP COM 091797100 8571 129661 SH SOLE 129661
BLACKROCK INC DBCV 2.625% 2/1 09247XAB7 2058 1000000 PRN SOLE 1000000
BOB EVANS FARMS INC COM 096761101 1305 47290 SH SOLE 47290
BOEING CO COM 097023105 16857 226666 SH SOLE 226666
BORDERS GROUP INC COM 099709107 327 55705 SH SOLE 55705
BORGWARNER INC COM 099724106 2887 67098 SH SOLE 67098
BOSTON PROPERTIES INC COM 101121101 6015 65336 SH SOLE 65336
BP PLC SPONSORED ADR 055622104 5340 88054 SH SOLE 88054
BRIDGE CAP HLDGS COM 108030107 1110 52100 SH SOLE 52100
BRIGHT HORIZON FAMILY SOLUTI COM 109195107 3073 71410 SH SOLE 71410
BRIGHTPOINT INC COM NEW 109473405 318 38002 SH SOLE 38002
BRINKS CO COM 109696104 3714 55277 SH SOLE 55277
BRISTOL MYERS SQUIBB CO COM 110122108 472 22146 SH SOLE 22146
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 221 12571 SH SOLE 12571
BRONCO DRILLING CO INC COM 112211107 6739 418286 SH SOLE 418286
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1065 39678 SH SOLE 39678
BROOKFIELD PPTYS CORP COM 112900105 2725 141114 SH SOLE 141114
BROWN & BROWN INC COM 115236101 834 47978 SH SOLE 47978
BRUNSWICK CORP COM 117043109 871 54535 SH SOLE 54535
BUNGE LIMITED COM G16962105 1055 12146 SH SOLE 12146
BURLINGTON NORTHN SANTA FE C COM 12189T104 4361 47290 SH SOLE 47290
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 5525 101560 SH SOLE 101560
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 1617 75441 SH SOLE 75441
CADBURY SCHWEPPES PLC ADR 127209302 962 21748 SH SOLE 21748
CAL DIVE INTL INC NOTE 3.250%12/1 127914AB5 610 500000 PRN SOLE 500000
CAL DIVE INTL INC DEL COM 12802T101 400 38518 SH SOLE 38518
CALLAWAY GOLF CO COM 131193104 763 51978 SH SOLE 51978
CALPINE CORP COM NEW 131347304 482 26159 SH SOLE 26159
CAMERON INTERNATIONAL CORP COM 13342B105 3087 74128 SH SOLE 74128
CAMERON INTERNATIONAL CORP NOTE 2.500% 6/1 13342BAB1 701 500000 PRN SOLE 500000
CANADIAN NAT RES LTD COM 136385101 4331 63454 SH SOLE 63454
CANADIAN NATL RY CO COM 136375102 841 17413 SH SOLE 17413
CARDINAL FINL CORP COM 14149F109 644 72589 SH SOLE 72589
CARDINAL STATE BANK DURHAM N COM 141546101 1339 89260 SH SOLE 89260
CARDIOME PHARMA CORP COM NEW 14159U202 366 43560 SH SOLE 43560
CARLISLE COS INC COM 142339100 1435 42920 SH SOLE 42920
CARNIVAL CORP PAIRED CTF 143658300 5242 129486 SH SOLE 129486
CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 546 500000 PRN SOLE 500000
CARNIVAL PLC ADR 14365C103 551 13662 SH SOLE 13662
CARPENTER TECHNOLOGY CORP COM 144285103 4041 72191 SH SOLE 72191
CATHAY GENERAL BANCORP COM 149150104 908 43816 SH SOLE 43816
CB RICHARD ELLIS GROUP INC CL A 12497T101 263 12162 SH SOLE 12162
CBRL GROUP INC COM 12489V106 625 17465 SH SOLE 17465
CBS CORP NEW CL B 124857202 14047 636188 SH SOLE 636188
CDC CORP SHS A G2022L106 532 150809 SH SOLE 150809
CEDAR SHOPPING CTRS INC COM NEW 150602209 630 53929 SH SOLE 53929
CELESTICA INC SUB VTG SHS 15101Q108 217 32308 SH SOLE 32308
CELGENE CORP NOTE 1.750% 6/0 151020AC8 2528 500000 PRN SOLE 500000
CENTENNIAL BK HLDGS INC DEL COM 151345303 539 85850 SH SOLE 85850
CENTERPOINT ENERGY INC COM 15189T107 4179 292852 SH SOLE 292852
CENTERPOINT ENERGY INC NOTE 3.750% 5/1 15189TAM9 637 500000 PRN SOLE 500000
CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 1091 500000 PRN SOLE 500000
CENTURYTEL INC COM 156700106 4055 121979 SH SOLE 121979
CENVEO INC COM 15670S105 223 21329 SH SOLE 21329
CEPHALON INC NOTE 6/1 156708AL3 611 500000 PRN SOLE 500000
CEPHALON INC NOTE 2.000% 6/0 156708AP4 1829 1219000 PRN SOLE 1219000
CERNER CORP COM 156782104 2886 77403 SH SOLE 77403
CF INDS HLDGS INC COM 125269100 3952 38139 SH SOLE 38139
CGG VERITAS SPONSORED ADR 204386106 512 10332 SH SOLE 10332
CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 1330 1000000 PRN SOLE 1000000
CHENIERE ENERGY INC COM NEW 16411R208 1345 67941 SH SOLE 67941
CHEVRON CORP NEW COM 166764100 3891 45584 SH SOLE 45584
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 525 13384 SH SOLE 13384
CHINA NETCOM GROUP CORP HK L SPONSORED ADR 16940Q101 750 12932 SH SOLE 12932
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 1193 18985 SH SOLE 18985
CHOICEPOINT INC COM 170388102 6609 138847 SH SOLE 138847
CHUBB CORP COM 171232101 16357 330581 SH SOLE 330581
CHUNGHWA TELECOM CO LTD SPON ADR NEW 17133Q304 853 32797 SH SOLE 32797
CHURCH & DWIGHT INC COM 171340102 2654 48930 SH SOLE 48930
CINCINNATI BELL INC NEW COM 171871106 457 107300 SH SOLE 107300
CINCINNATI FINL CORP COM 172062101 896 23564 SH SOLE 23564
CINTAS CORP COM 172908105 4347 152329 SH SOLE 152329
CIT GROUP INC COM 125581108 2019 170414 SH SOLE 170414
CITIGROUP INC COM 172967101 3198 149279 SH SOLE 149279
CITIZENS COMMUNICATIONS CO COM 17453B101 262 24972 SH SOLE 24972
CITIZENS REPUBLIC BANCORP IN COM 174420109 323 25969 SH SOLE 25969
CITRIX SYS INC COM 177376100 11147 380059 SH SOLE 380059
CITY NATL CORP COM 178566105 2845 57529 SH SOLE 57529
CKE RESTAURANTS INC NOTE 4.000%10/0 12561EAG0 1345 1000000 PRN SOLE 1000000
CLAYMORE EXCHANGE TRADED FD CLEAR SPIN OFF 18383M605 243 10600 SH SOLE 10600
CLEAR CHANNEL COMMUNICATIONS COM 184502102 6694 229101 SH SOLE 229101
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 502 26410 SH SOLE 26410
CLOROX CO DEL COM 189054109 8111 143200 SH SOLE 143200
CLOUGH GLOBAL EQUITY FD COM 18914C100 202 11200 SH SOLE 11200
CMS ENERGY CORP COM 125896100 2849 210388 SH SOLE 210388
CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 564 500000 PRN SOLE 500000
CMS ENERGY CORP NOTE 3.375% 7/1 125896AY6 1333 1028000 PRN SOLE 1028000
CNA FINL CORP COM 126117100 315 12227 SH SOLE 12227
CNOOC LTD SPONSORED ADR 126132109 3775 25714 SH SOLE 25714
CNX GAS CORP COM 12618H309 1002 31052 SH SOLE 31052
COACH INC COM 189754104 434 14391 SH SOLE 14391
COCA COLA ENTERPRISES INC COM 191219104 4510 186380 SH SOLE 186380
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 8295 287706 SH SOLE 287706
COHERENT INC COM 192479103 593 21266 SH SOLE 21266
COLE KENNETH PRODTNS INC CL A 193294105 221 13059 SH SOLE 13059
COLGATE PALMOLIVE CO COM 194162103 8114 104142 SH SOLE 104142
COLLAGENEX PHARMACEUTICALS I COM 19419B100 6785 409491 SH SOLE 409491
COLONIAL BANCGROUP INC COM 195493309 1039 107886 SH SOLE 107886
COLUMBIA BANCORP ORE COM 197231103 299 17513 SH SOLE 17513
COMCAST HOLDINGS CORP ZONES CV2% PCS 200300507 505 15550 PRN SOLE 15550
COMERICA INC COM 200340107 8098 230856 SH SOLE 230856
COMMERCE BANCORP INC NJ COM 200519106 13795 383960 SH SOLE 383960
COMMERCE GROUP INC MASS COM 200641108 8994 249427 SH SOLE 249427
COMMSCOPE INC COM 203372107 5446 156367 SH SOLE 156367
COMMUNITY BANCORP NEV COM 20343T100 207 15266 SH SOLE 15266
COMMUNITY FINL CORP VA COM 20365L100 533 66600 SH SOLE 66600
COMMUNITY WEST BANCSHARES COM 204157101 251 27100 SH SOLE 27100
COMPUTER ASSOC INTL INC NOTE 1.625%12/1 204912AQ2 1217 1000000 PRN SOLE 1000000
COMPUWARE CORP COM 205638109 649 88440 SH SOLE 88440
COMTECH TELECOMMUNICATIONS C NOTE 2.000% 2/0 205826AD2 499 384000 PRN SOLE 384000
CONAGRA FOODS INC COM 205887102 8676 362275 SH SOLE 362275
CONCEPTUS INC COM 206016107 641 34521 SH SOLE 34521
CONSECO INC COM NEW 208464883 389 38121 SH SOLE 38121
CONSOL ENERGY INC COM 20854P109 1968 28437 SH SOLE 28437
CONSTELLATION BRANDS INC CL A 21036P108 3452 195368 SH SOLE 195368
CONTINENTAL AIRLS INC CL B 210795308 332 17280 SH SOLE 17280
COOPER INDS LTD CL A G24182100 3542 88217 SH SOLE 88217
CORE LABORATORIES LP NOTE 0.250%10/3 21868FAB9 1694 1250000 PRN SOLE 1250000
CORNING INC COM 219350105 4667 194131 SH SOLE 194131
COSTCO WHSL CORP NEW COM 22160K105 5450 83881 SH SOLE 83881
COVANTA HLDG CORP COM 22282E102 815 29620 SH SOLE 29620
COVANTA HLDG CORP DBCV 1.000% 2/0 22282EAA0 554 500000 PRN SOLE 500000
COVIDIEN LTD COM G2552X108 1420 32094 SH SOLE 32094
COWEN GROUP INC COM 223621103 1101 155329 SH SOLE 155329
CREDIT SUISSE GROUP SPONSORED ADR 225401108 3211 63109 SH SOLE 63109
CROCS INC COM 227046109 218 12477 SH SOLE 12477
CSG SYS INTL INC COM 126349109 511 44966 SH SOLE 44966
CUMMINS INC COM 231021106 2874 61379 SH SOLE 61379
CUMULUS MEDIA INC CL A 231082108 984 154269 SH SOLE 154269
CVS CAREMARK CORPORATION COM 126650100 11740 289807 SH SOLE 289807
CYPRESS SEMICONDUCTOR CORP NOTE 1.000% 9/1 232806AK5 2369 2000000 PRN SOLE 2000000
CYTEC INDS INC COM 232820100 3741 69469 SH SOLE 69469
DARDEN RESTAURANTS INC COM 237194105 3264 100270 SH SOLE 100270
DEAN FOODS CO NEW COM 242370104 1638 81522 SH SOLE 81522
DEERE & CO COM 244199105 8358 103903 SH SOLE 103903
DELIA'S INC NEW COM 246911101 351 131566 SH SOLE 131566
DELUXE CORP COM 248019101 439 22854 SH SOLE 22854
DENBURY RES INC COM NEW 247916208 5148 180325 SH SOLE 180325
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 1004 60579 SH SOLE 60579
DEVRY INC DEL COM 251893103 2190 52347 SH SOLE 52347
DIAMONDROCK HOSPITALITY CO COM 252784301 358 28244 SH SOLE 28244
DICKS SPORTING GOODS INC COM 253393102 4052 151320 SH SOLE 151320
DIEBOLD INC COM 253651103 7562 201396 SH SOLE 201396
DIGITAL RIV INC COM 25388B104 2377 76748 SH SOLE 76748
DIODES INC COM 254543101 319 14532 SH SOLE 14532
DIRECTV GROUP INC COM 25459L106 3372 136004 SH SOLE 136004
DISCOVER FINL SVCS COM 254709108 1538 93930 SH SOLE 93930
DISNEY WALT CO COM DISNEY 254687106 9232 294185 SH SOLE 294185
DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 533 500000 PRN SOLE 500000
DOLLAR TREE INC COM 256746108 4456 161509 SH SOLE 161509
DOMINION RES INC VA NEW NOTE 2.125%12/1 25746UAT6 568 500000 PRN SOLE 500000
DONALDSON INC COM 257651109 2829 70232 SH SOLE 70232
DONNELLEY R R & SONS CO COM 257867101 1877 61930 SH SOLE 61930
DOVER CORP COM 260003108 3114 74533 SH SOLE 74533
DOW CHEM CO COM 260543103 6754 183291 SH SOLE 183291
DOWNEY FINL CORP COM 261018105 500 27185 SH SOLE 27185
DPL INC COM 233293109 453 17676 SH SOLE 17676
DREAMWORKS ANIMATION SKG INC CL A 26153C103 473 18362 SH SOLE 18362
DRESS BARN INC COM 261570105 789 60952 SH SOLE 60952
DST SYS INC DEL DBCV 4.125% 8/1 233326AB3 538 370000 PRN SOLE 370000
DST SYS INC DEL DBCV 3.625% 8/1 233326AD9 999 737000 PRN SOLE 737000
DUKE ENERGY CORP NEW COM 26441C105 3450 193259 SH SOLE 193259
DWS GLOBAL COMMODITIES STK F COM 23338Y100 455 27038 SH SOLE 27038
E M C CORP MASS COM 268648102 14179 988763 SH SOLE 988763
E Z EM INC COM NEW 269305405 6824 325437 SH SOLE 325437
EAGLE BANCORP INC MD COM 268948106 1109 85000 SH SOLE 85000
EARTHLINK INC COM 270321102 369 48817 SH SOLE 48817
EASTMAN KODAK CO NOTE 3.375%10/1 277461BE8 483 500000 PRN SOLE 500000
EATON CORP COM 278058102 13159 165166 SH SOLE 165166
EATON VANCE CORP COM NON VTG 278265103 1945 63756 SH SOLE 63756
EATON VANCE TX ADV GLBL DIV COM 27828S101 253 11300 SH SOLE 11300
ECHELON CORP COM 27874N105 309 22874 SH SOLE 22874
ECOLAB INC COM 278865100 6011 138414 SH SOLE 138414
EDISON INTL COM 281020107 12229 249461 SH SOLE 249461
EDUCATION RLTY TR INC COM 28140H104 700 55655 SH SOLE 55655
EDWARDS LIFESCIENCES CORP COM 28176E108 1661 37282 SH SOLE 37282
EDWARDS LIFESCIENCES CORP DBCV 3.875% 5/1 28176EAB4 499 500000 PRN SOLE 500000
EL PASO CORP COM 28336L109 398 23943 SH SOLE 23943
EMBARQ CORP COM 29078E105 6288 156804 SH SOLE 156804
EMCOR GROUP INC COM 29084Q100 336 15126 SH SOLE 15126
EMERGING MKTS TELECOMNC FD N COM 290890102 377 17100 SH SOLE 17100
ENCANA CORP COM 292505104 933 12317 SH SOLE 12317
ENCYSIVE PHARMACEUTICALS INC COM 29256X107 6758 2875927 SH SOLE 2875927
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 2798 116890 SH SOLE 116890
ENERGY EAST CORP COM 29266M109 6022 249655 SH SOLE 249655
ENI S P A SPONSORED ADR 26874R108 1744 25601 SH SOLE 25601
ENTERCOM COMMUNICATIONS CORP CL A 293639100 510 51371 SH SOLE 51371
EPICOR SOFTWARE CORP NOTE 2.375% 5/1 29426LAA6 874 1000000 PRN SOLE 1000000
EQUIFAX INC COM 294429105 2458 71289 SH SOLE 71289
EQUINIX INC DBCV 2.500% 2/1 29444UAE6 1103 638000 PRN SOLE 638000
EQUITABLE RES INC COM 294549100 4155 70537 SH SOLE 70537
EQUITY LIFESTYLE PPTYS INC COM 29472R108 1431 28995 SH SOLE 28995
ESS TECHNOLOGY INC COM 269151106 1545 1030038 SH SOLE 1030038
ESSA BANCORP INC COM 29667D104 524 44626 SH SOLE 44626
ESTERLINE TECHNOLOGIES CORP COM 297425100 528 10484 SH SOLE 10484
EUROPEAN EQUITY FUND COM 298768102 1011 94468 SH SOLE 94468
EV3 INC COM 26928A200 345 42419 SH SOLE 42419
EVEREST RE GROUP LTD COM G3223R108 2410 26916 SH SOLE 26916
EXELIXIS INC COM 30161Q104 645 92798 SH SOLE 92798
EXPEDIA INC DEL COM 30212P105 3338 152493 SH SOLE 152493
EXPEDITORS INTL WASH INC COM 302130109 622 13763 SH SOLE 13763
EXXON MOBIL CORP COM 30231G102 36359 429875 SH SOLE 429875
F M C CORP COM NEW 302491303 1185 21350 SH SOLE 21350
F5 NETWORKS INC COM 315616102 2161 118947 SH SOLE 118947
FAMILY DLR STORES INC COM 307000109 4035 206901 SH SOLE 206901
FEDERAL HOME LN MTG CORP COM 313400301 6856 270774 SH SOLE 270774
FEDERAL NATL MTG ASSN COM 313586109 7478 284110 SH SOLE 284110
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1675 21482 SH SOLE 21482
FEDERATED INVS INC PA CL B 314211103 5374 137222 SH SOLE 137222
FEI CO NOTE 2.875% 6/0 30241LAF6 498 500000 PRN SOLE 500000
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RADIOSHACK CORP COM 750438103 489 30101 SH SOLE 30101
RADISYS CORP COM 750459109 324 32109 SH SOLE 32109
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 489 23155 SH SOLE 23155
RANDGOLD RES LTD ADR 752344309 1183 25527 SH SOLE 25527
RAYONIER INC COM 754907103 3389 78017 SH SOLE 78017
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RENT A CTR INC NEW COM 76009N100 235 12817 SH SOLE 12817
REPUBLIC SVCS INC COM 760759100 685 23441 SH SOLE 23441
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RIO TINTO PLC SPONSORED ADR 767204100 17183 41723 SH SOLE 41723
RMR REAL ESTATE FD SH BEN INT 74963F106 325 30300 SH SOLE 30300
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ROLLINS INC COM 775711104 408 23084 SH SOLE 23084
ROMA FINANCIAL CORP COM 77581P109 295 19764 SH SOLE 19764
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ROYAL BK SCOTLAND GROUP PLC SP ADR REP SHS 780097721 661 97499 SH SOLE 97499
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ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1249 18108 SH SOLE 18108
RPM INTL INC NOTE 1.389% 5/1 749685AK9 292 500000 PRN SOLE 500000
RTI BIOLOGICS INC COM 74975N105 248 26262 SH SOLE 26262
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RURAL CELLULAR CORP CL A 781904107 6821 154222 SH SOLE 154222
RYANAIR HLDGS PLC SPONSORED ADR 783513104 1033 36520 SH SOLE 36520
RYDER SYS INC COM 783549108 5945 97600 SH SOLE 97600
SADIA S A SPON ADR PFD 786326108 246 13821 SH SOLE 13821
SAFECO CORP COM 786429100 1224 27898 SH SOLE 27898
SAIC INC COM 78390X101 699 37585 SH SOLE 37585
SAKS INC NOTE 2.000% 3/1 79377WAL2 578 500000 PRN SOLE 500000
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SAP AKTIENGESELLSCHAFT SPONSORED ADR 803054204 1587 32019 SH SOLE 32019
SCANA CORP NEW COM 80589M102 3381 92428 SH SOLE 92428
SCHLUMBERGER LTD DBCV 2.125% 6/0 806857AD0 2188 1000000 PRN SOLE 1000000
SCHWAB CHARLES CORP NEW COM 808513105 2901 154077 SH SOLE 154077
SCIELE PHARMA INC COM 808627103 361 18504 SH SOLE 18504
SCOTTS MIRACLE GRO CO CL A 810186106 1854 57193 SH SOLE 57193
SCPIE HLDGS INC COM 78402P104 6829 247860 SH SOLE 247860
SECURE COMPUTING CORP COM 813705100 216 33552 SH SOLE 33552
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1840 45585 SH SOLE 45585
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1917 62000 SH SOLE 62000
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 10300 414976 SH SOLE 414976
SEMPRA ENERGY COM 816851109 12996 243913 SH SOLE 243913
SEPRACOR INC COM 817315104 1428 73141 SH SOLE 73141
SEPRACOR INC NOTE 12/1 817315AT1 961 1000000 PRN SOLE 1000000
SERVICE CORP INTL COM 817565104 1552 153010 SH SOLE 153010
SHAW GROUP INC COM 820280105 534 11330 SH SOLE 11330
SHERWIN WILLIAMS CO COM 824348106 5308 103997 SH SOLE 103997
SIEMENS A G SPONSORED ADR 826197501 3705 34012 SH SOLE 34012
SIGMATEL INC COM 82661W107 4141 1432832 SH SOLE 1432832
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SILVER WHEATON CORP COM 828336107 1219 78495 SH SOLE 78495
SIMON PPTY GROUP INC NEW COM 828806109 19424 209060 SH SOLE 209060
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SK TELECOM LTD SPONSORED ADR 78440P108 1513 69998 SH SOLE 69998
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SL GREEN RLTY CORP COM 78440X101 7642 93797 SH SOLE 93797
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SMITH INTL INC COM 832110100 914 14233 SH SOLE 14233
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STATE STR CORP COM 857477103 3877 49079 SH SOLE 49079
STATOILHYDRO ASA SPONSORED ADR 85771P102 1446 48422 SH SOLE 48422
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STMICROELECTRONICS N V NY REGISTRY 861012102 1132 106148 SH SOLE 106148
STRATEGIC HOTELS & RESORTS I COM 86272T106 793 60406 SH SOLE 60406
STRYKER CORP COM 863667101 6509 100062 SH SOLE 100062
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SYBASE INC NOTE 1.750% 2/2 871130AB6 586 500000 PRN SOLE 500000
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SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 535 500000 PRN SOLE 500000
SYMANTEC CORP NOTE 1.000% 6/1 871503AF5 536 500000 PRN SOLE 500000
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TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 4909 477995 SH SOLE 477995
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TANGER PPTYS LTD PARTNERSHIP NOTE 3.750% 8/1 875484AE7 578 500000 PRN SOLE 500000
TARGET CORP COM 87612E106 3809 75162 SH SOLE 75162
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TELEFONICA S A SPONSORED ADR 879382208 2008 23211 SH SOLE 23211
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TEMPLE INLAND INC COM 879868107 1115 87647 SH SOLE 87647
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TERNIUM SA SPON ADR 880890108 412 11482 SH SOLE 11482
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TEVA PHARMACEUTICAL FIN II L DBCV 0.500% 2/0 88164RAA5 1232 1000000 PRN SOLE 1000000
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TIBCO SOFTWARE INC COM 88632Q103 281 39353 SH SOLE 39353
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TRANSOCEAN INC NEW SHS G90073100 8704 64381 SH SOLE 64381
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TRIUMPH GROUP INC NEW NOTE 2.625%10/0 896818AB7 622 500000 PRN SOLE 500000
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TYCO ELECTRONICS LTD COM NEW G9144P105 746 21733 SH SOLE 21733
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UAL CORP COM NEW 902549807 713 33121 SH SOLE 33121
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UNION PAC CORP COM 907818108 4750 37885 SH SOLE 37885
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VALSPAR CORP COM 920355104 238 12013 SH SOLE 12013
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