The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101 4,059 38,184 SH   SOLE   38,184 0 0
ALERE INC PERP PFD CONV SE 01449J204 5,712 24,000 SH   SOLE   24,000 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 17,089 262,801 SH   SOLE   262,801 0 0
AUTOZONE INC COM 053332102 13,530 34,100 SH   SOLE   34,100 0 0
BERKLEY W R CORP COM 084423102 9,361 210,987 SH   SOLE   210,987 0 0
CADENCE DESIGN SYSTEM INC NOTE 1.500%12/1 127387AF5 27,456 27,500,000 PRN   SOLE   27,500,000 0 0
CARNIVAL CORP PAIRED CTF 143658300 7,687 224,100 SH   SOLE   224,100 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 9,516 202,507 SH   SOLE   202,507 0 0
CISCO SYS INC COM 17275R102 13,768 658,900 SH   SOLE   658,900 0 0
CLOROX CO DEL COM 189054109 4,299 48,565 SH   SOLE   48,565 0 0
COACH INC COM 189754104 8,153 163,100 SH   SOLE   163,100 0 0
COCA COLA CO COM 191216100 15,570 385,005 SH   SOLE   385,005 0 0
COLGATE PALMOLIVE CO COM 194162103 4,172 35,344 SH   SOLE   35,344 0 0
DARDEN RESTAURANTS INC COM 237194105 13,116 253,790 SH   SOLE   253,790 0 0
DELL INC COM 24702R101 850 59,284 SH   SOLE   59,284 0 0
DOLBY LABORATORIES INC COM 25659T107 1,674 49,871 SH   SOLE   49,871 0 0
EBAY INC COM 278642103 8,580 158,250 SH   SOLE   158,250 0 0
ELLINGTON FINANCIAL LLC COM 288522303 6,188 250,000 SH   SOLE   250,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 9,914 172,065 SH   SOLE   172,065 0 0
EXXON MOBIL CORP COM 30231G102 3,474 38,557 SH   SOLE   38,557 0 0
FOSSIL INC COM 349882100 3,864 40,000 SH   SOLE   40,000 0 0
GENERAL MLS INC COM 370334104 4,515 91,559 SH   SOLE   91,559 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 12,714 86,400 SH   SOLE   86,400 0 0
INTEL CORP COM 458140100 3,959 181,309 SH   SOLE   181,309 0 0
INTUIT COM 461202103 11,589 176,500 SH   SOLE   176,500 0 0
JDS UNIPHASE CORP NOTE 1.000% 5/1 46612JAD3 37,976 38,000,000 PRN   SOLE   38,000,000 0 0
JOHNSON & JOHNSON COM 478160104 13,431 164,737 SH   SOLE   164,737 0 0
KELLOGG CO COM 487836108 4,224 65,558 SH   SOLE   65,558 0 0
KINDER MORGAN INC DEL COM 49456B101 16,493 426,400 SH   SOLE   426,400 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 2,570 500,000 SH   SOLE   500,000 0 0
MCDONALDS CORP COM 580135101 4,066 40,788 SH   SOLE   40,788 0 0
MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 37,851 37,850,000 PRN   SOLE   37,850,000 0 0
MSCI INC COM 55354G100 10,957 322,932 SH   SOLE   322,932 0 0
NETAPP INC COM 64110D104 7,706 225,600 SH   SOLE   225,600 0 0
NORFOLK SOUTHERN CORP COM 655844108 4,314 55,968 SH   SOLE   55,968 0 0
ORACLE CORP COM 68389X105 10,049 310,819 SH   SOLE   310,819 0 0
PEPSICO INC COM 713448108 4,162 52,613 SH   SOLE   52,613 0 0
PROCTER & GAMBLE CO COM 742718109 3,967 51,473 SH   SOLE   51,473 0 0
PROGRESSIVE CORP OHIO COM 743315103 10,270 406,400 SH   SOLE   406,400 0 0
SANDISK CORP NOTE 1.000% 5/1 80004CAC5 38,217 38,250,000 PRN   SOLE   38,250,000 0 0
SONIC CORP COM 835451105 7,260 563,700 SH   SOLE   563,700 0 0
SYMANTEC CORP COM 871503108 14,063 569,800 SH   SOLE   569,800 0 0
SYSCO CORP COM 871829107 15,659 445,263 SH   SOLE   445,263 0 0
TARGET CORP COM 87612E106 9,768 142,700 SH   SOLE   142,700 0 0
TJX COS INC NEW COM 872540109 11,599 248,100 SH   SOLE   248,100 0 0
TRANSOCEAN LTD REG SHS H8817H100 8,224 158,279 SH   SOLE   158,279 0 0
WAL-MART STORES INC COM 931142103 4,234 56,584 SH   SOLE   56,584 0 0