Tenor Capital Management

Tenor Capital Management as of Dec. 31, 2010

Portfolio Holdings for Tenor Capital Management

Tenor Capital Management holds 58 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
L-3 Communications Corp debt 3.000% 8/0 10.8 $177M 174M 1.02
Virgin Media Inc note 6.500%11/1 9.9 $162M 97M 1.67
Amgen Inc note 0.375% 2/0 6.8 $111M 111M 1.00
Omnicom Group Inc debt 6.7 $110M 109M 1.01
Cephalon Inc note 2.000% 6/0 6.1 $100M 71M 1.41
Liberty Global Inc note 4.500% 11/1 3.6 $58M 39M 1.50
Convergys Corp sdcv 5.750% 9/1 3.5 $58M 41M 1.40
Amylin Pharmaceuticals Inc note 2.500% 4/1 3.5 $56M 56M 1.00
Alliant Techsystems Inc note 2.750% 9/1 3.4 $56M 54M 1.03
Illumina Inc note 0.625% 2/1 3.4 $55M 19M 2.90
Amgen Inc note 0.125% 2/0 3.1 $52M 52M 1.00
Netapp Inc note 1.750% 6/0 3.1 $50M 28M 1.78
Commscope Inc note 3.250% 7/0 2.6 $43M 33M 1.32
Ual Corp note 4.500% 6/3 2.4 $40M 39M 1.03
Equinix Inc note 2.500% 4/1 2.4 $39M 38M 1.03
Nii Hldgs Inc note 3.125% 6/1 2.3 $38M 39M 0.99
Trina Solar Limited note 4.000% 7/1 2.1 $35M 22M 1.56
Advanced Micro Devices Inc note 5.750% 8/1 1.9 $32M 30M 1.05
Hologic Inc frnt 2.000%12/1 1.9 $32M 33M 0.95
Valeant Pharmaceuticals Intl note 4.000%11/1 1.6 $26M 11M 2.25
Golden Star Res Ltd Cda dbcv 4.000%11/3 1.5 $25M 22M 1.15
Ford Mtr Co Cap Tr Ii pfd tr cv6.5% 1.5 $25M 473k 51.92
Equinix Inc note 3.000%10/1 1.5 $24M 24M 1.01
Incyte Corp note 4.750%10/0 1.4 $23M 11M 2.09
Sesi L L C frnt 1.500%12/1 1.3 $21M 21M 1.02
Mylan Inc note 3.750% 9/1 1.1 $18M 11M 1.74
Informatica Corp note 3.000% 3/1 1.1 $17M 7.8M 2.21
On Semiconductor Corp note 4/1 0.9 $15M 14M 1.12
Jetblue Airways Corp dbcv 6.750%10/1 0.8 $13M 7.8M 1.61
Jetblue Airways Corp dbcv 6.750%10/1 0.8 $12M 7.5M 1.65
Shanda Interactive Entmt Ltd note 2.000% 9/1 0.7 $11M 9.7M 1.15
Kinross Gold Corp note 1.750% 3/1 0.6 $10M 10M 1.04
Thoratec Corp note 1.379% 5/1 0.6 $9.8M 12M 0.85
Liberty Media 3.750 2/15/30 deb 3.750% 0.6 $9.4M 17M 0.57
General Motors Company (GM) 0.5 $7.6M 206k 36.86
Chesapeake Energy Corp note 2.500% 5/1 0.5 $7.6M 8.5M 0.89
Chesapeake Energy Corp note 2.750%11/1 0.5 $7.4M 7.5M 0.99
Coinstar Inc note 4.000% 9/0 0.4 $7.2M 4.5M 1.61
LDK Solar 0.4 $6.6M 649k 10.12
Medtronic Inc note 1.625% 4/1 0.3 $5.1M 5.0M 1.01
Wyndham Worldwide Corp note 3.500% 5/0 0.3 $4.8M 2.0M 2.42
Mgic Invt Corp Wis note 5.000% 5/0 0.3 $4.7M 4.0M 1.17
Stewart Enterprises Inc note 3.125% 7/1 0.2 $3.7M 3.8M 0.99
Finisar Corp note 5.000%10/1 0.2 $3.3M 1.1M 2.91
Ciena Corp note 0.250% 5/0 0.1 $2.3M 2.5M 0.92
Barnes Group Inc note 3.750% 8/0 0.1 $2.1M 2.0M 1.07
Cbiz Inc note 3.125% 6/0 0.1 $2.0M 2.0M 1.00
Verigy Ltd note 5.250% 7/1 0.1 $1.2M 1.0M 1.21
Us Airways Group Inc note 7.250% 5/1 0.1 $1.2M 500k 2.41
China Integrated Energy (CBEH) 0.1 $921k 125k 7.38
Dryships/drys 0.1 $835k 152k 5.49
Dryships Inc. note 5.000%12/0 0.0 $692k 665k 1.04
Lannett Company 0.0 $531k 95k 5.59
Accelrys 0.0 $550k 66k 8.29
HearUSA 0.0 $456k 501k 0.91
Oxygen Biotherapeutics (OXBT) 0.0 $427k 223k 1.92
Valeant Pharmaceuticals Int 0.0 $399k 16k 25.21
Decode Genetics Inc note 3.500% 4/1 0.0 $61k 6.1M 0.01