13F-HR 1 dec3110.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: ___________ This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Dinsmore Capital Management Co. Address: 65 Madison Avenue Suite 550 Morristown, New Jersey 07960 Form 13F File Number: 28-05466 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Gary I. Levine Title: Chief Financial Officer Phone: (973) 631-1177 Signature, Place, and Date of Signing: /s/ Gary I. Levine Morristown, New Jersey February 8, 2011 ------------------ ---------------------- ---------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Form 13F Information Table Entry Total: 119 Form 13F Information Table Value Total: $211,820 (thousands)
FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Alliant Techsystems Inc. cv. s CONV 018804AM6 2047 2000000 PRN Sole 2000000 Amgen, Inc. cv. sr. notes CONV 031162AQ3 2010 2000000 PRN Sole 2000000 Amylin Pharmaceuticals, Inc. c CONV 032346AF5 872 1000000 PRN Sole 1000000 Anixter International, Inc. sr CONV 035290AJ4 2528 2250000 PRN Sole 2250000 Anixter International, Inc. sr CONV 035290AH8 562 500000 PRN Sole 500000 Annaly Capital Management, Inc CONV 035710AA0 2916 2500000 PRN Sole 2500000 CEMEX, S.A.B. de C.V. cv. sub. CONV 151290AU7 2195 2000000 PRN Sole 2000000 CSG Systems International, Inc CONV 126349AC3 1022 1000000 PRN Sole 1000000 Central European Distribution CONV 153435AA0 932 1000000 PRN Sole 1000000 Cephalon Inc. cv. sr. sub. not CONV 156708AR0 2277 2000000 PRN Sole 2000000 Charles River Laboratories Int CONV 159864AB3 2010 2000000 PRN Sole 2000000 Chemed Corp. sr. cv. notes CONV 16359RAC7 1787 1780000 PRN Sole 1780000 China Medical Technologies, In CONV 169483AC8 1710 2000000 PRN Sole 2000000 Chiquita Brands Intl. cv. sr. CONV 170032AT3 1053 1081000 PRN Sole 1081000 Clearwire Communications LLC e CONV 18538TAG4 1026 1000000 PRN Sole 1000000 Coinstar, Inc. cv. sr. notes CONV 19259PAF9 797 500000 PRN Sole 500000 CommScope, Inc. sr. sub. cv. n CONV 203372AG2 652 500000 PRN Sole 500000 Comtech Telecommunications Cor CONV 205826AF7 1045 1000000 PRN Sole 1000000 Corporate Office Properties, L CONV 22003BAC0 1019 1000000 PRN Sole 1000000 Cubist Pharmaceuticals, Inc. c CONV 229678AC1 1521 1500000 PRN Sole 1500000 Digital River, Inc. sr. cv not CONV 25388BAC8 2063 2100000 PRN Sole 2100000 Dryships, Inc. cv. sr. notes CONV 262498AB4 1545 1500000 PRN Sole 1500000 EMC Corp. cv. sr. notes CONV 268648AM4 4231 2800000 PRN Sole 2800000 EMC Corp. cv. sr. notes 144A CONV 268648AL6 1511 1000000 PRN Sole 1000000 Endo Pharmacueticals Holdings, CONV 29264FAB2 2002 1500000 PRN Sole 1500000 Equinix, Inc. cv. sub. notes CONV 29444UAG1 3019 3000000 PRN Sole 3000000 Equinix, Inc. cv. sub. notes CONV 29444UAH9 1234 1000000 PRN Sole 1000000 Euronet Worldwide, Inc. cv. de CONV 298736AF6 1987 2000000 PRN Sole 2000000 Finisar Corporation cv. sr. no CONV 31787AAJ0 723 250000 PRN Sole 250000 GSI Commerce, Inc. cv. sr. not CONV 36238GAC6 913 837000 PRN Sole 837000 Gilead Sciences, Inc. cv. sr. CONV 375558AG8 1551 1500000 PRN Sole 1500000 Gilead Sciences, Inc. cv. sr. CONV 375558AL7 1035 1000000 PRN Sole 1000000 Gilead Sciences, Inc. cv. sr. CONV 375558AM5 784 750000 PRN Sole 750000 Goodrich Petroleum Corp. cv.sr CONV 382410AC2 1957 2000000 PRN Sole 2000000 Home Inns & Hotel Management I CONV 43713WAA5 1005 1000000 PRN Sole 1000000 Integra LifeSciences Holdings CONV 457985AH2 2145 2134000 PRN Sole 2134000 Intel Corp. jr. sub. cv. deb. CONV 458140AF7 1685 1400000 PRN Sole 1400000 Intel Corp. jr. sub. cv. deb. CONV 458140AC4 2503 2500000 PRN Sole 2500000 Jaguar Mining, Inc. cv. sr. no CONV 47009MAG8 1927 2100000 PRN Sole 2100000 Kaiser Aluminum Corp. cv. sr. CONV 483007AA8 2452 2000000 PRN Sole 2000000 Kaman Corporation cv. sr. note CONV 483548AD5 524 500000 PRN Sole 500000 Kinetic Concepts, Inc. cv. sr. CONV 49460WAF6 2641 2500000 PRN Sole 2500000 Knight Capital Group, Inc. cas CONV 499005AD8 1910 2000000 PRN Sole 2000000 LSB Industries, Inc. cv. sr. s CONV 502160AG9 2562 2500000 PRN Sole 2500000 Lehman Brothers Holdings, Inc. CONV 524908PL8 465 3000000 PRN Sole 3000000 Lexington Realty Trust cv. gua CONV 529043AA9 2452 2000000 PRN Sole 2000000 LifePoint Hospitals, Inc. cv. CONV 53219LAH2 2027 2000000 PRN Sole 2000000 MGM MIRAGE cv. sr. notes 144A CONV 552953BR1 1650 1500000 PRN Sole 1500000 McMoRan Exploration Co. cv. sr CONV 582411AE4 1411 1177000 PRN Sole 1177000 Micron Technology Inc cv. sr. CONV 595112AH6 1900 2000000 PRN Sole 2000000 Microsoft Corporation cv. sr. CONV 594918AE4 1079 1000000 PRN Sole 1000000 Millipore Corp. cv. sr. notes CONV 601073AD1 1861 1500000 PRN Sole 1500000 Morgans Hotel Group sr. sub. c CONV 61748WAA6 1675 2000000 PRN Sole 2000000 Mylan Laboratories Inc. sr. cv CONV 628530AG2 3191 3000000 PRN Sole 3000000 NETAPP, Inc. sr. cv. notes CONV 64110DAB0 894 500000 PRN Sole 500000 NII Holdings, Inc. cv notes CONV 62913FAJ1 1972 2000000 PRN Sole 2000000 National Financial Partners Co CONV 63607PAB5 1862 1500000 PRN Sole 1500000 Northgate Minerals Corp. cv. s CONV 666416AB8 1189 1100000 PRN Sole 1100000 Nuance Communications, Inc. sr CONV 67020YAB6 4715 4000000 PRN Sole 4000000 Oil States International, Inc. CONV 678026AB1 2056 1000000 PRN Sole 1000000 Old Republic International cv. CONV 680223AF1 3825 3000000 PRN Sole 3000000 Omnicare, Inc. cv. sr. deb. {7 CONV 681904AL2 234 254000 PRN Sole 254000 Onyx Pharmaceuticals, Inc. cv. CONV 683399AB5 1802 1500000 PRN Sole 1500000 Owens-Brockway Glass Container CONV 69073TAQ6 2022 2000000 PRN Sole 2000000 RTI International Metals, Inc. CONV 74973WAA5 885 850000 PRN Sole 850000 Regis Corp. cv. sr. notes CONV 758932AA5 641 500000 PRN Sole 500000 RightNow Technologies, Inc. cv CONV 76657RAA4 999 1000000 PRN Sole 1000000 Rovi Corp. cv. sr. notes 144A CONV 779376AA0 2171 1500000 PRN Sole 1500000 SBA Communications Corp. cv. s CONV 78388JAN6 2252 2000000 PRN Sole 2000000 SanDisk Corporation 1.5% cv. s CONV 80004CAD3 2267 2000000 PRN Sole 2000000 SonoSite Inc. cv. sr. notes CONV 83568GAA2 2481 2250000 PRN Sole 2250000 SunPower Corp. sr. cv. deb. CONV 867652AA7 2842 3000000 PRN Sole 3000000 SunPower Corporation sr. cash CONV 867652AD1 1353 1500000 PRN Sole 1500000 TeleCommunications Systems, In CONV 87929JAA1 954 1000000 PRN Sole 1000000 Teva Pharm. Finance Co. B.V. c CONV 88165FAA0 2753 2500000 PRN Sole 2500000 Titan International, Inc. sr. CONV 888305AA7 3157 1500000 PRN Sole 1500000 Tower Group, Inc. 5% cv. sr. n CONV 891777AB0 1721 1530000 PRN Sole 1530000 Transocean Inc. series C cv. s CONV 893830AW9 1945 2000000 PRN Sole 2000000 Trina Solar Ltd. cv. sr. notes CONV 89628EAA2 2310 1500000 PRN Sole 1500000 UAL Corp sr. sub cv notes CONV 902549AH7 2035 2000000 PRN Sole 2000000 Ultrapetrol (Bahamas) Limited CONV 90400XAD6 527 500000 PRN Sole 500000 United States Steel Corp. cv. CONV 912909AE8 1459 750000 PRN Sole 750000 Xilinx, Inc. cv. sr. notes 144 CONV 983919AE1 589 500000 PRN Sole 500000 ATP Oil & Gas Corp. cv. perp. PFD CV 00208J702 900 10000 SH Sole 10000 Amerivon Holdings LLC series A PFD CV 898876107 1508 1135620 SH Sole 1135620 Bank of America Corp. 7.25% no PFD CV 060505682 3062 3200 SH Sole 3200 Bunge Limited 4.875% cum. cv. PFD CV G16962204 1410 15000 SH Sole 15000 Chesapeake Energy 5% cv. pfd. PFD CV 165167826 3700 40000 SH Sole 40000 Crown Castle Int'l Corp. 6.25% PFD CV 228227401 1960 32000 SH Sole 32000 Fifth Third Bancorp 8.5% perp. PFD CV 316773209 3199 21750 SH Sole 21750 Ford Motor Co. Cap. Trust II 6 PFD CV 345395206 4927 95000 SH Sole 95000 NY Community Bancorp, Inc. 6% PFD CV 64944P307 2566 48000 SH Sole 48000 Stanley Black & Decker, Inc. c PFD CV 854502309 1737 16000 SH Sole 16000 Wells Fargo 7.5% srs L perp cv PFD CV 949746804 4000 4000 SH Sole 4000 Whiting Petroleum Corp. perp. PFD CV 966387201 262 262 SH Sole 262 2009 Dole Food ACES Trust 7% 1 PFD CV 90213B208 3127 240000 SH Sole 240000 2010 Swift 6%Mand Com Exch Sec PFD CV 90213G207 1215 100000 SH Sole 100000 AngloGold Ashanti Holdings Fin PFD CV 03512Q206 653 11800 SH Sole 11800 Apache Corp. 6% mandatory conv PFD CV 037411808 3036 46000 SH Sole 46000 BeazerHomesUSA, Inc. 7.25% Tan PFD CV 07556Q501 832 35000 SH Sole 35000 Citigroup Inc. 7.5% T-DECS PFD CV 172967416 3470 25500 SH Sole 25500 General Motors Co. 4.75% B man PFD CV 37045V209 2164 40000 SH Sole 40000 Great Plains Energy eq. units PFD CV 911648038 2870 45000 SH Sole 45000 Hartford Finl Services Group 7 PFD CV 416515708 1280 50000 SH Sole 50000 LehmanBro. Hldgs. 6% exchnote PFD CV 52522L350 388 100000 SH Sole 100000 Nextera Energy Inc. 7% equity PFD CV 65339F507 1980 40000 SH Sole 40000 UBS AG 9.375 exch. notes (SWC) PFD CV 90267B823 551 20000 SH Sole 20000 UBS mand. exch. note 6.75% (SO PFD CV 90265K205 2384 80000 SH Sole 80000 Vale Cap II 6.75% 2012 mand.cv PFD CV 91912F201 3706 38400 SH Sole 38400 Vale Cap II 6.75% 2012 mand.cv PFD CV 91912F300 1259 13000 SH Sole 13000 AT&T Inc. common stock COM 00206R102 2057 70000 SH Sole 70000 Abbott Laboratories common sto COM 002824100 479 10000 SH Sole 10000 Amerivon Holdings LLC common e COM 898873104 5 545456 SH Sole 545456 Bristol-Myers Squibb Company c COM 110122108 530 20000 SH Sole 20000 ConocoPhillips common stock COM 20825C104 1152 16923 SH Sole 16923 Merck & Company, Inc., common COM 58933Y105 852 23651 SH Sole 23651 The Walt Disney Company common COM 254687106 563 15000 SH Sole 15000 Verizon Communications, Inc. c COM 92343V104 2147 60000 SH Sole 60000 Whiting Petroleum Corp. common COM 966387102 369 3147 SH Sole 3147