Tenor Capital Management

Tenor Capital Management as of March 31, 2011

Portfolio Holdings for Tenor Capital Management

Tenor Capital Management holds 52 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Virgin Media Inc note 6.500%11/1 9.3 $167M 97M 1.72
Cephalon Inc note 2.000% 6/0 6.6 $119M 71M 1.67
Netapp Inc note 1.750% 6/0 6.6 $118M 74M 1.59
Omnicom Group Inc debt 6.4 $114M 111M 1.03
Amgen Inc note 0.375% 2/0 6.1 $110M 111M 0.99
Valeant Pharmaceuticals Intl note 4.000%11/1 4.3 $76M 19M 3.95
Alliant Techsystems Inc note 2.750% 9/1 4.2 $75M 74M 1.01
L-3 Communications Corp debt 3.000% 8/0 3.9 $71M 70M 1.01
Liberty Global Inc note 4.500% 11/1 3.9 $70M 41M 1.72
Kinross Gold Corp note 1.750% 3/1 3.9 $70M 69M 1.01
Amylin Pharmaceuticals Inc note 2.500% 4/1 3.7 $67M 66M 1.01
Ual Corp note 4.500% 6/3 3.4 $60M 59M 1.03
Allergan Inc note 1.500% 4/0 3.0 $54M 47M 1.13
Advanced Micro Devices Inc note 5.750% 8/1 2.8 $51M 48M 1.05
Nii Hldgs Inc note 3.125% 6/1 2.8 $50M 49M 1.02
Equinix Inc note 2.500% 4/1 2.8 $49M 47M 1.05
Hologic Inc frnt 2.000%12/1 2.3 $42M 43M 0.97
Lucent Technologies Inc dbcv 2.875% 6/1 2.3 $42M 42M 0.98
Medtronic Inc note 1.625% 4/1 2.2 $39M 38M 1.04
Trina Solar Limited note 4.000% 7/1 2.2 $39M 20M 1.90
Newport Corp note 2.500% 2/1 2.0 $36M 35M 1.04
Golden Star Res Ltd Cda dbcv 4.000%11/3 1.2 $22M 22M 1.02
Sesi L L C frnt 1.500%12/1 1.1 $21M 20M 1.06
Equinix Inc note 3.000%10/1 1.1 $19M 18M 1.10
Mylan Inc note 3.750% 9/1 1.1 $19M 11M 1.84
Advanced Micro Devices Inc note 6.000% 5/0 1.0 $19M 18M 1.06
On Semiconductor Corp note 4/1 0.9 $15M 14M 1.13
Lucent Technologies Inc dbcv 2.750% 6/1 0.8 $15M 17M 0.90
Jetblue Airways Corp dbcv 6.750%10/1 0.8 $13M 8.3M 1.62
Metlife Inc 5% 10/0/14 Conv Pr cv prf 0.7 $13M 150k 84.73
Barnes Group Inc note 3.750% 8/0 0.7 $12M 12M 1.02
Incyte Corp note 4.750%10/0 0.7 $12M 6.0M 2.03
Liberty Media 3.750 2/15/30 deb 3.750% 0.5 $9.6M 17M 0.58
Chesapeake Energy Corp note 2.500% 5/1 0.5 $9.3M 8.5M 1.09
Gsi Commerce Inc note 2.500% 6/0 0.5 $9.1M 8.0M 1.14
Cubist Pharmaceuticals Inc note 2.250% 6/1 0.5 $8.9M 8.2M 1.09
LDK Solar 0.4 $7.9M 649k 12.24
Thoratec Corp note 1.379% 5/1 0.4 $6.9M 9.0M 0.77
Cemex SAB de CV (CX) 0.3 $6.2M 691k 8.93
Boise Inc *w exp 06/18/201 0.3 $5.4M 3.2M 1.69
Iconix Brand Group Inc note 1.875% 6/3 0.3 $5.1M 5.0M 1.02
United Dominion Realty Tr In note 4.000%12/1 0.3 $5.1M 5.0M 1.01
General Motors Company (GM) 0.3 $4.7M 153k 31.03
United Auto Group Inc note 3.500% 4/0 0.2 $4.1M 4.0M 1.02
Liberty Global 0.1 $2.8M 69k 39.99
Jetblue Airways Corp dbcv 6.750%10/1 0.1 $2.3M 7.8M 0.29
Cbiz Inc note 3.125% 6/0 0.1 $2.0M 2.0M 1.01
Barrett Bill Corp note 5.000% 3/1 0.1 $1.2M 1.2M 1.03
Eastman Kodak Company 0.1 $888k 275k 3.23
Valeant Pharmaceuticals Int 0.0 $782k 16k 49.81
Accelrys 0.0 $487k 61k 8.00
Decode Genetics Inc note 3.500% 4/1 0.0 $61k 6.1M 0.01