-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U3VrJVOxEW9B9a9ypj8SK/3UL1W77LWBLlTt6qXzewetM9F1wb2PRiTrgR3PzHjg TF61EyKEnE4q20fsYE+Xig== 0000061227-04-000018.txt : 20040812 0000061227-04-000018.hdr.sgml : 20040812 20040812130353 ACCESSION NUMBER: 0000061227-04-000018 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040630 FILED AS OF DATE: 20040812 EFFECTIVENESS DATE: 20040812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACKAY SHIELDS LLC CENTRAL INDEX KEY: 0000061227 IRS NUMBER: 134080466 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00046 FILM NUMBER: 04969520 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-758-5400 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: MACKAY SHIELDS FINANCIAL CORP DATE OF NAME CHANGE: 19920929 13F-HR 1 f13.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: 06/30/2004 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: Mackay Shields LLC Address: 9 West 57th Street 33rd Floor New York, NY 10019 13F File Number: 28-00046 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: Mark Goldstein Title: Chief Compliance Officer Phone: 212-230-3835 Signature, Place, and Date of Signing: /s/ Mark Goldstein New York, NY/USA August 12, 2004 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 611 Form13F Information Table Value Total: $10,956,338,993 List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- A C MOORE ARTS & CRAFTS INC COM 00086T103 3365546 122339 SH SOLE 122339 0 0 ABLE LABORATORIES INC COM NEW 00371N407 2106084 102436 SH SOLE 102436 0 0 ACTUANT CORP CL A NEW 00508X203 7634164 195798 SH SOLE 195798 0 0 ADTRAN INC COM 00738A106 3206857 96100 SH SOLE 96100 0 0 ADVANCE AUTO PARTS INC COM 00751Y106 7796621 176474 SH SOLE 176474 0 0 ADVANCED MICRO DEVICES INC DBCV 4.750% 2/0 007903AE7 4523700 4435000 SH SOLE 4435000 0 0 AFFILIATED MANAGERS GROUP NOTE 5/0 008252AC2 6852427 6720000 SH SOLE 6720000 0 0 AFLAC INC COM 001055102 9228977 226145 SH SOLE 226145 0 0 AGCO CORP COM 001084102 10806447 530508 SH SOLE 530508 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 88582980 3025375 SH SOLE 3025375 0 0 AGILENT TECHNOLOGIES INC DBCV 3.000%12/0 00846UAB7 10213107 9600000 SH SOLE 9600000 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 1340865 74700 SH SOLE 74700 0 0 ALBERTSONS INC COM 013104104 138300 5211 SH SOLE 5211 0 0 ALCOA INC COM 013817101 46075529 1394960 SH SOLE 1394960 0 0 ALKERMES INC COM 01642T108 3856484 283565 SH SOLE 283565 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 767486 42520 SH SOLE 42520 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 3020875 71500 SH SOLE 71500 0 0 ALLIANCE GAMING CORP COM NEW 01859P609 2998521 174739 SH SOLE 174739 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 2783793 43950 SH SOLE 43950 0 0 ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 1958548 148600 SH SOLE 148600 0 0 ALLSTATE CORP COM 020002101 54652074 1174051 SH SOLE 1174051 0 0 ALLTEL CORP COM 020039103 48953235 967073 SH SOLE 967073 0 0 ALLTEL CORP CORP UNT 7.75% 020039822 130416 2600 SH SOLE 2600 0 0 ALLTEL CORP COM 020039103 936369 18498 SH SOLE 18498 0 0 ALTERA CORP COM 021441100 1857592 83600 SH SOLE 83600 0 0 ALTIRIS INC COM 02148M100 8685719 314586 SH SOLE 314586 0 0 ALZA CORP SDCV 7/2 02261WAB5 20653243 26490000 SH SOLE 26490000 0 0 AMDOCS LTD ORD G02602103 2047782 87400 SH SOLE 87400 0 0 AMERICA ONLINE INC DEL NOTE 12/0 02364JAC8 2491125 3900000 SH SOLE 3900000 0 0 AMERICAN INTL GROUP INC NOTE 0.500% 5/1 026874AN7 13462669 13935000 SH SOLE 13935000 0 0 AMERICAN PHARMACEUTICALS PTN COM 02886P109 8546350 281315 SH SOLE 281315 0 0 AMGEN INC NOTE 3/0 031162AE0 10750794 14120000 SH SOLE 14120000 0 0 AMKOR TECHNOLOGY INC NOTE 5.750% 6/0 031652AN0 8134000 8300000 SH SOLE 8300000 0 0 AQUILA INC COM 03840P102 1444292 405700 SH SOLE 405700 0 0 ARCH CHEMICALS INC COM 03937R102 14478678 502383 SH SOLE 502383 0 0 ASK JEEVES INC NOTE 6/0 045174AB5 3847338 1595000 SH SOLE 1595000 0 0 ASPECT COMMUNICATIONS CORP COM 04523Q102 6222610 438212 SH SOLE 438212 0 0 ASSET ACCEP CAP CORP COM 04543P100 982600 57800 SH SOLE 57800 0 0 ASSURED GUARANTY LTD COM G0585R106 1057680 62400 SH SOLE 62400 0 0 ATMEL CORP SDCV 5/2 049513AE4 5510582 11940000 SH SOLE 11940000 0 0 ATMI INC COM 00207R101 4402836 161217 SH SOLE 161217 0 0 AUGUST TECHNOLOGY CORP COM 05106U105 3035019 242027 SH SOLE 242027 0 0 AVAYA INC NOTE 10/3 053499AA7 346775 572000 SH SOLE 572000 0 0 AVAYA INC NOTE 10/3 053499AA7 7208689 11217000 SH SOLE 11217000 0 0 AVID TECHNOLOGY INC COM 05367P100 2466564 45200 SH SOLE 45200 0 0 AXIS CAPITAL HOLDINGS SHS G0692U109 562800 20100 SH SOLE 20100 0 0 BANK ONE CORP COM 06423A103 46825242 918142 SH SOLE 918142 0 0 BANKNORTH GROUP INC NEW COM 06646R107 87696 2700 SH SOLE 2700 0 0 BENCHMARK ELECTRS INC COM 08160H101 1329870 45700 SH SOLE 45700 0 0 BIOTECH HOLDERS TR DEPOSTRY RCPTS 09067D201 7102825 48500 SH SOLE 48500 0 0 BJ SVCS CO NOTE 0.500% 4/2 055482AF0 48602684 56826000 SH SOLE 56826000 0 0 BOSTON SCIENTIFIC CORP COM 101137107 91459320 2136900 SH SOLE 2136900 0 0 BOWATER INC COM 102183100 104443387 2511262 SH SOLE 2511262 0 0 BOYD GAMING CORP COM 103304101 1859900 70000 SH SOLE 70000 0 0 BRINKER INTL INC DBCV 10/1 109641AC4 21250969 31698000 SH SOLE 31698000 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 43418411 1772180 SH SOLE 1772180 0 0 BROCADE COMMUNICATIONS SYS I NOTE 2.000% 1/0 111621AB4 7450130 8075000 SH SOLE 8075000 0 0 BROOKLINE BANCORP INC DEL COM 11373M107 1223478 83400 SH SOLE 83400 0 0 BROOKS AUTOMATION INC COM 114340102 5466755 271303 SH SOLE 271303 0 0 BRUNSWICK CORP COM 117043109 9282000 227500 SH SOLE 227500 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 59473670 1695856 SH SOLE 1695856 0 0 BURLINGTON RES INC COM 122014103 11530566 318700 SH SOLE 318700 0 0 C D W CORP COM 12512N105 3828788 60050 SH SOLE 60050 0 0 CADBURY SCHWEPPES PLC ADR 127209302 50252875 1428928 SH SOLE 1428928 0 0 CALLAWAY GOLF CO COM 131193104 8119021 715963 SH SOLE 715963 0 0 CAMBREX CORP COM 132011107 533160 21132 SH SOLE 21132 0 0 CANON INC ADR 138006309 8846807 165888 SH SOLE 165888 0 0 CAPITAL ONE FINL CORP COM 14040H105 78595972 1149400 SH SOLE 1149400 0 0 CARDINAL HEALTH INC COM 14149Y108 73879984 1054675 SH SOLE 1054675 0 0 CAREMARK RX INC COM 141705103 85147430 2584925 SH SOLE 2584925 0 0 CELGENE CORP COM 151020104 1906758 33300 SH SOLE 33300 0 0 CENDANT CORP COM 151313103 82447783 3367965 SH SOLE 3367965 0 0 CENTEX CORP COM 152312104 2957738 64650 SH SOLE 64650 0 0 CENTURYTEL INC COM 156700106 84112 2800 SH SOLE 2800 0 0 CHEMED CORP NEW COM 16359R103 8730000 180000 SH SOLE 180000 0 0 CHEMICAL FINL CORP COM 163731102 1343829 36428 SH SOLE 36428 0 0 CHEROKEE INTL CORP COM 164450108 8723307 943482 SH SOLE 943482 0 0 CHESAPEAKE ENERGY CORP COM 165167107 4655936 316300 SH SOLE 316300 0 0 CHESAPEAKE ENERGY CORP PFD CONV 5% 165167800 6893123 60150 SH SOLE 60150 0 0 CHESAPEAKE ENERGY CORP PFD CONV 6% 165167701 5457038 70300 SH SOLE 70300 0 0 CHEVRONTEXACO CORP COM 166764100 49770544 528855 SH SOLE 528855 0 0 CHICOS FAS INC COM 168615102 8119542 179795 SH SOLE 179795 0 0 CHITTENDEN CORP COM 170228100 2514666 71541 SH SOLE 71541 0 0 CHRISTOPHER & BANKS CORP COM 171046105 802263 45300 SH SOLE 45300 0 0 CIENA CORP NOTE 3.750% 2/0 171779AA9 82092564 90217000 SH SOLE 90217000 0 0 CIMAREX ENERGY CO COM 171798101 1358083 44925 SH SOLE 44925 0 0 CISCO SYS INC COM 17275R102 99461482 4196687 SH SOLE 4196687 0 0 CITIGROUP GLOBAL MKTS HLDG I NOTE 0.500%10/0 173073BJ5 13930813 12650000 SH SOLE 12650000 0 0 CITIGROUP INC COM 172967101 171637127 3691121 SH SOLE 3691121 0 0 CITY NATL CORP COM 178566105 85410 1300 SH SOLE 1300 0 0 CLAIRES STORES INC COM 179584107 2678908 123452 SH SOLE 123452 0 0 CLARCOR INC COM 179895107 6391115 139544 SH SOLE 139544 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 23790294 643851 SH SOLE 643851 0 0 CNF INC COM 12612W104 83120 2000 SH SOLE 2000 0 0 COACH INC COM 189754104 5501431 121740 SH SOLE 121740 0 0 COCA COLA CO COM 191216100 40384 800 SH SOLE 800 0 0 COGNOS INC COM 19244C109 1627200 45000 SH SOLE 45000 0 0 COHU INC COM 192576106 115230 6052 SH SOLE 6052 0 0 COLDWATER CREEK INC COM 193068103 3666095 138500 SH SOLE 138500 0 0 COLGATE PALMOLIVE CO COM 194162103 70522848 1206550 SH SOLE 1206550 0 0 COLUMBIA SPORTSWEAR CO COM 198516106 2370508 43400 SH SOLE 43400 0 0 COLUMBUS MCKINNON CORP N Y COM 199333105 2215738 313400 SH SOLE 313400 0 0 COMCAST CORP NEW CL A 20030N101 10791550 385000 SH SOLE 385000 0 0 COMMERCIAL CAP BANCORP INC COM 20162L105 4216446 242743 SH SOLE 242743 0 0 COMPASS BANCSHARES INC COM 20449H109 15577266 362262 SH SOLE 362262 0 0 COMPUTER ASSOC INTL INC NOTE 1.625%12/1 204912AQ2 9994196 6530000 SH SOLE 6530000 0 0 COMPUTER SCIENCES CORP COM 205363104 88436985 1904738 SH SOLE 1904738 0 0 CONOCOPHILLIPS COM 20825C104 59972714 786115 SH SOLE 786115 0 0 CONSTAR INTL INC NEW COM 21036U107 1315485 282900 SH SOLE 282900 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 1227960 32400 SH SOLE 32400 0 0 CONTINENTAL AIRLS INC CL B 210795308 1754584 154317 SH SOLE 154317 0 0 COOPER CAMERON CORP COM 216640102 4870000 100000 SH SOLE 100000 0 0 COOPER COS INC COM NEW 216648402 14247930 225549 SH SOLE 225549 0 0 COOPER INDS LTD CL A G24182100 28026014 471739 SH SOLE 471739 0 0 COORS ADOLPH CO CL B 217016104 108510 1500 SH SOLE 1500 0 0 CORN PRODS INTL INC COM 219023108 102410 2200 SH SOLE 2200 0 0 CORNING INC NOTE 3.500%11/0 219350AK1 17169180 12105000 SH SOLE 12105000 0 0 CORPORATE EXECUTIVE BRD CO COM 21988R102 5900186 102097 SH SOLE 102097 0 0 COVENTRY HEALTH CARE INC COM 222862104 13397427 273976 SH SOLE 273976 0 0 CRANE CO COM 224399105 50098 1596 SH SOLE 1596 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 6187288 172781 SH SOLE 172781 0 0 CROMPTON CORP COM 227116100 3986678 632806 SH SOLE 632806 0 0 CS FIRST BOSTON NY BRH SR MT MTNF 0.500% 3/2 2254C0CL9 19359135 20930000 SH SOLE 20930000 0 0 CSK AUTO CORP COM 125965103 744956 43463 SH SOLE 43463 0 0 CSX CORP COM 126408103 7283559 222263 SH SOLE 222263 0 0 CULLEN FROST BANKERS INC COM 229899109 1664700 37200 SH SOLE 37200 0 0 CUMMINS INC COM 231021106 41812188 668995 SH SOLE 668995 0 0 CVS CORP COM 126650100 78499747 1868152 SH SOLE 1868152 0 0 CYMER INC COM 232572107 3886272 103800 SH SOLE 103800 0 0 CYMER INC NOTE 3.500% 2/1 232572AE7 8477099 8240000 SH SOLE 8240000 0 0 CYMER INC COM 232572107 52266 1396 SH SOLE 1396 0 0 CYPRESS SEMICONDUCTOR CORP NOTE 1.250% 6/1 232806AH2 15926451 13330000 SH SOLE 13330000 0 0 CYTYC CORP COM 232946103 13257499 522566 SH SOLE 522566 0 0 D R HORTON INC COM 23331A109 4178691 147137 SH SOLE 147137 0 0 DANAHER CORP DEL COM 235851102 95935981 1850260 SH SOLE 1850260 0 0 DDI CORP COM PAR $ .001 233162304 2340612 284400 SH SOLE 284400 0 0 DELL INC COM 24702R101 83925365 2342975 SH SOLE 2342975 0 0 DELPHI CORP COM 247126105 20611022 1929871 SH SOLE 1929871 0 0 DELTA AIR LINES INC DEL NOTE 8.000% 6/0 247361YP7 18895757 31000000 SH SOLE 31000000 0 0 DENDREON CORP COM 24823Q107 1063300 86800 SH SOLE 86800 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 5336568 97525 SH SOLE 97525 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 30645452 1286003 SH SOLE 1286003 0 0 DICKS SPORTING GOODS INC COM 253393102 4025345 120700 SH SOLE 120700 0 0 DIGITAS INC COM 25388K104 6706372 608012 SH SOLE 608012 0 0 DIME CMNTY BANCSHARES COM 253922108 3790678 216858 SH SOLE 216858 0 0 DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 16183618 14940000 SH SOLE 14940000 0 0 DJ ORTHOPEDICS INC COM 23325G104 7038460 306020 SH SOLE 306020 0 0 DORAL FINL CORP COM 25811P100 8579288 248675 SH SOLE 248675 0 0 DOVER CORP COM 260003108 84770455 2013550 SH SOLE 2013550 0 0 DST SYS INC DEL DBCV 4.125% 8/1 233326AB3 14487954 11360000 SH SOLE 11360000 0 0 DTE ENERGY CO COM 233331107 6752464 166563 SH SOLE 166563 0 0 DUQUESNE LT HLDGS INC COM 266233105 84964 4400 SH SOLE 4400 0 0 E TRADE FINANCIAL CORP COM 269246104 5045375 452500 SH SOLE 452500 0 0 E TRADE FINANCIAL CORP NOTE 6.000% 2/0 269246AB0 19392385 16500000 SH SOLE 16500000 0 0 EAGLE MATERIALS INC COM 26969P108 8967133 126335 SH SOLE 126335 0 0 EFUNDS CORP COM 28224R101 1716103 98063 SH SOLE 98063 0 0 ELECTRONIC ARTS INC COM 285512109 81644985 1496700 SH SOLE 1496700 0 0 ELECTRONIC DATA SYS NEW NOTE 3.875% 7/1 285661AF1 19769480 19500000 SH SOLE 19500000 0 0 EMULEX CORP COM NEW 292475209 1399518 97800 SH SOLE 97800 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 2178505 92900 SH SOLE 92900 0 0 ENERGEN CORP COM 29265N108 1574168 32802 SH SOLE 32802 0 0 ENERGIZER HLDGS INC COM 29266R108 333180 7404 SH SOLE 7404 0 0 ENERGY EAST CORP COM 29266M109 8380316 345580 SH SOLE 345580 0 0 ENI S P A SPONSORED ADR 26874R108 1763381 17625 SH SOLE 17625 0 0 ENSCO INTL INC COM 26874Q100 40544681 1393288 SH SOLE 1393288 0 0 ENTERGY CORP NEW COM 29364G103 9550097 170507 SH SOLE 170507 0 0 EON LABS INC COM 29412E100 3708258 90600 SH SOLE 90600 0 0 EPICOR SOFTWARE CORP COM 29426L108 7608258 541513 SH SOLE 541513 0 0 EQUITABLE RES INC COM 294549100 103420 2000 SH SOLE 2000 0 0 EVERGREEN RES INC COM NO PAR 299900308 5652768 139920 SH SOLE 139920 0 0 EXTREME NETWORKS INC NOTE 3.500%12/0 30226DAB2 6705775 6940000 SH SOLE 6940000 0 0 EXXON MOBIL CORP COM 30231G102 56332131 1268456 SH SOLE 1268456 0 0 FACTSET RESH SYS INC COM 303075105 7983903 168900 SH SOLE 168900 0 0 FAIRCHILD SEMICONDUCTOR CORP NOTE 5.000%11/0 303727AJ0 198250 200000 SH SOLE 200000 0 0 FAIRCHILD SEMICONDUCTOR CORP NOTE 5.000%11/0 303727AJ0 13895494 13760000 SH SOLE 13760000 0 0 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 6376115 389500 SH SOLE 389500 0 0 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 51615 3153 SH SOLE 3153 0 0 FEDEX CORP COM 31428X106 96829608 1185330 SH SOLE 1185330 0 0 FINISAR NOTE 5.250%10/1 31787AAC5 3984325 4045000 SH SOLE 4045000 0 0 FIRST DATA CORP COM 319963104 76639177 1721455 SH SOLE 1721455 0 0 FIRST HEALTH GROUP CORP COM 320960107 4362433 279464 SH SOLE 279464 0 0 FIRSTENERGY CORP COM 337932107 13532843 361744 SH SOLE 361744 0 0 FISERV INC COM 337738108 805023 20700 SH SOLE 20700 0 0 FISHER SCIENTIFIC INTL INC NOTE 2.500%10/0 338032AW5 20490429 14420000 SH SOLE 14420000 0 0 FISHER SCIENTIFIC INTL INC COM NEW 338032204 68482838 1185850 SH SOLE 1185850 0 0 FISHER SCIENTIFIC INTL INC NOTE 3.250% 3/0 338032AX3 6368520 6080000 SH SOLE 6080000 0 0 FLIR SYS INC COM 302445101 11096937 202130 SH SOLE 202130 0 0 FLOWSERVE CORP COM 34354P105 157122 6300 SH SOLE 6300 0 0 FLUOR CORP NEW COM 343412102 2774394 58200 SH SOLE 58200 0 0 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 41354193 750856 SH SOLE 750856 0 0 FOREST LABS INC COM 345838106 73126319 1291300 SH SOLE 1291300 0 0 FORRESTER RESH INC COM 346563109 1088004 58338 SH SOLE 58338 0 0 FOSSIL INC COM 349882100 6469096 237398 SH SOLE 237398 0 0 FREDS INC CL A 356108100 28982 1312 SH SOLE 1312 0 0 FREEPORT-MCMORAN COPPER & GO NOTE 7.000% 2/1 35671DAK1 6975505 4950000 SH SOLE 4950000 0 0 FRESH DEL MONTE PRODUCE INC ORD G36738105 7064229 279550 SH SOLE 279550 0 0 FULLER H B CO COM 359694106 1797720 63300 SH SOLE 63300 0 0 GANNETT INC COM 364730101 63903929 753140 SH SOLE 753140 0 0 GAP INC DEL NOTE 5.750% 3/1 364760AJ7 7898639 4991000 SH SOLE 4991000 0 0 GAP INC DEL COM 364760108 59662760 2460320 SH SOLE 2460320 0 0 GAP INC DEL COM 364760108 158813 6549 SH SOLE 6549 0 0 GAP INC DEL NOTE 5.750% 3/1 364760AJ7 586235 377000 SH SOLE 377000 0 0 GARMIN LTD ORD G37260109 2781704 75100 SH SOLE 75100 0 0 GENENTECH INC COM NEW 368710406 43037960 765800 SH SOLE 765800 0 0 GENERAL ELEC CO COM 369604103 80710020 2491050 SH SOLE 2491050 0 0 GENERAL GROWTH PPTYS INC COM 370021107 1763939 59653 SH SOLE 59653 0 0 GENERAL MLS INC DBCV 10/2 370334AU8 6966850 9815000 SH SOLE 9815000 0 0 GENERAL MLS INC COM 370334104 53898878 1133997 SH SOLE 1133997 0 0 GENERAL MTRS CORP DEB SR CONV B 370442733 14814098 584842 SH SOLE 584842 0 0 GENERAL MTRS CORP DEB SR CV C 33 370442717 33874545 1156800 SH SOLE 1156800 0 0 GENERAL MTRS CORP DEB SR CV C 33 370442717 418205 14401 SH SOLE 14401 0 0 GETTY IMAGES INC COM 374276103 3066000 51100 SH SOLE 51100 0 0 GILEAD SCIENCES INC COM 375558103 5744848 85744 SH SOLE 85744 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 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PPTYS TR COM SH BEN INT 44106M102 101520 2400 SH SOLE 2400 0 0 HOT TOPIC INC COM 441339108 5775968 281892 SH SOLE 281892 0 0 HOUSTON EXPL CO COM 442120101 1348773 26018 SH SOLE 26018 0 0 HOVNANIAN ENTERPRISES INC CL A 442487203 9597419 276503 SH SOLE 276503 0 0 HUDSON UNITED BANCORP COM 444165104 1856544 49800 SH SOLE 49800 0 0 HUGHES SUPPLY INC COM 444482103 9057070 153692 SH SOLE 153692 0 0 HUMAN GENOME SCIENCES INC COM 444903108 559205 48083 SH SOLE 48083 0 0 IDEXX LABS INC COM 45168D104 3335820 53000 SH SOLE 53000 0 0 ILEX ONCOLOGY INC COM 451923106 37835 1514 SH SOLE 1514 0 0 ILLINOIS TOOL WKS INC COM 452308109 93776584 977960 SH SOLE 977960 0 0 IMAGISTICS INTERNATIONAL INC COM 45247T104 578153 16332 SH SOLE 16332 0 0 IMC GLOBAL INC COM 449669100 1120240 83600 SH SOLE 83600 0 0 IMCLONE SYS INC COM 45245W109 1243955 14500 SH SOLE 14500 0 0 INCO LTD DBCV 1.000% 3/1 453258AT2 5614025 4460000 SH SOLE 4460000 0 0 INDYMAC BANCORP INC COM 456607100 6250480 197800 SH SOLE 197800 0 0 INPUT/OUTPUT INC COM 457652105 829000 100000 SH SOLE 100000 0 0 INSITUFORM TECHNOLOGIES INC CL A 457667103 244164 15007 SH SOLE 15007 0 0 INTEGRA LIFESCIENCES HLDGS C COM NEW 457985208 6425277 182174 SH SOLE 182174 0 0 INTEGRATED CIRCUIT SYS INC COM 45811K208 9386713 345608 SH SOLE 345608 0 0 INTEGRATED ELECTRICAL SVC COM 45811E103 202659 25175 SH SOLE 25175 0 0 INTEL CORP COM 458140100 87988110 3187975 SH SOLE 3187975 0 0 INTER TEL INC COM 458372109 6431348 257563 SH SOLE 257563 0 0 INTERACTIVECORP COM 45840Q101 74954413 2486875 SH SOLE 2486875 0 0 INTERDIGITAL COMMUNICATIONS COM 45866A105 2228985 118500 SH SOLE 118500 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 97232712 1103037 SH SOLE 1103037 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 84344860 2185100 SH SOLE 2185100 0 0 INTERNATIONAL GAME TECHNOLOG DBCV 1/2 459902AL6 20613695 24018000 SH SOLE 24018000 0 0 INTERPUBLIC GROUP COS INC PFD CONV SER A 460690308 14294090 276500 SH SOLE 276500 0 0 INTERSIL CORP CL A 46069S109 3047562 140700 SH SOLE 140700 0 0 INTERSTATE BAKERIES CORP DEL COM 46072H108 512565 47241 SH SOLE 47241 0 0 INTL PAPER CO DBCV 6/2 460146BM4 17184183 30906000 SH SOLE 30906000 0 0 INTL PAPER CO COM 460146103 31101590 695785 SH SOLE 695785 0 0 INVESTORS FINL SERVICES CORP COM 461915100 8494091 194908 SH SOLE 194908 0 0 ISHARES INC MSCI UTD KINGD 464286699 5941908 367920 SH SOLE 367920 0 0 ISHARES TR RUSSELL 2000 464287655 4854109 41140 SH SOLE 41140 0 0 ISHARES TR RUSL 2000 VALU 464287630 3842290 22300 SH SOLE 22300 0 0 ISHARES TR RUSL 3000 VALU 464287663 3126800 40000 SH SOLE 40000 0 0 ISHARES TR RUSSELL1000VAL 464287598 23597574 392900 SH SOLE 392900 0 0 IXIA COM 45071R109 3089811 314015 SH SOLE 314015 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 1177856 29910 SH SOLE 29910 0 0 JARDEN CORP COM 471109108 7433267 206537 SH SOLE 206537 0 0 JEFFERIES GROUP INC NEW COM 472319102 7573081 244925 SH SOLE 244925 0 0 JOHNSON & JOHNSON COM 478160104 86441777 1551917 SH SOLE 1551917 0 0 JOY GLOBAL INC COM 481165108 3323011 110989 SH SOLE 110989 0 0 K V PHARMACEUTICAL CO CL A 482740206 3102673 134373 SH SOLE 134373 0 0 KB HOME COM 48666K109 3338850 48650 SH SOLE 48650 0 0 KEANE INC COM 486665102 731785 53454 SH SOLE 53454 0 0 KENNAMETAL INC COM 489170100 91600 2000 SH SOLE 2000 0 0 KERR MCGEE CORP COM 492386107 96689967 1798214 SH SOLE 1798214 0 0 KERR MCGEE CORP DECS 080404 492386305 11728417 203430 SH SOLE 203430 0 0 KEY ENERGY SVCS INC COM 492914106 3236032 342800 SH SOLE 342800 0 0 KIMBERLY CLARK CORP COM 494368103 52577050 798073 SH SOLE 798073 0 0 KIRBY CORP COM 497266106 4232320 108800 SH SOLE 108800 0 0 KLA-TENCOR CORP COM 482480100 55916184 1132365 SH SOLE 1132365 0 0 KOGER EQUITY INC COM 500228101 1542104 66700 SH SOLE 66700 0 0 KOHLS CORP COM 500255104 67492621 1596325 SH SOLE 1596325 0 0 KRAFT FOODS INC CL A 50075N104 30761818 971017 SH SOLE 971017 0 0 KROGER CO COM 501044101 27631841 1518233 SH SOLE 1518233 0 0 KROLL INC COM 501049100 8569842 232371 SH SOLE 232371 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 3486960 52200 SH SOLE 52200 0 0 LA QUINTA CORP PAIRED CTF 50419U202 2160480 257200 SH SOLE 257200 0 0 LA Z BOY INC COM 505336107 677846 37700 SH SOLE 37700 0 0 LABORATORY CORP AMER HLDGS NOTE 9/1 50540RAC6 61045969 80915000 SH SOLE 80915000 0 0 LABORATORY CORP AMER HLDGS COM NEW 50540R409 2385811 60096 SH SOLE 60096 0 0 LAMAR ADVERTISING CO NOTE 2.875%12/3 512815AG6 10663211 9761000 SH SOLE 9761000 0 0 LEAR CORP COM 521865105 88485 1500 SH SOLE 1500 0 0 LEARNING TREE INTL INC COM 522015106 1078891 74355 SH SOLE 74355 0 0 LEGG MASON INC COM 524901105 3886127 42700 SH SOLE 42700 0 0 LEGG MASON INC NOTE 6/0 524901AG0 15918194 21790000 SH SOLE 21790000 0 0 LEHMAN BROS HLDGS INC COM 524908100 1166375 15500 SH SOLE 15500 0 0 LEHMAN BROS HLDGS INC NOTE 0.250% 5/0 524908FN5 35762800 30830000 SH SOLE 30830000 0 0 LEHMAN BROS HLDGS INC MTN BE MTNF 0.250% 9/2 52517PVE8 37606969 33995000 SH SOLE 33995000 0 0 LENNAR CORP CL A 526057104 71644123 1602060 SH SOLE 1602060 0 0 LENNAR CORP CL B 526057302 244686 5906 SH SOLE 5906 0 0 LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 332104 291000 SH SOLE 291000 0 0 LIMITED BRANDS INC COM 532716107 805970 43100 SH SOLE 43100 0 0 LINCARE HLDGS INC DBCV 3.000% 6/1 532791AB6 53329805 54560000 SH SOLE 54560000 0 0 LLOYDS TSB GROUP PLC SPONSORED ADR 539439109 1722281 53990 SH SOLE 53990 0 0 LOEWS CORP NOTE 3.125% 9/1 540424AL2 10058106 9850000 SH SOLE 9850000 0 0 LOWES COS INC NOTE 0.861%10/1 548661CG0 7063581 6985000 SH SOLE 6985000 0 0 LOWES COS INC COM 548661107 76038799 1446980 SH SOLE 1446980 0 0 LSI LOGIC CORP COM 502161102 59436 7800 SH SOLE 7800 0 0 LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 64584267 67426000 SH SOLE 67426000 0 0 LYONDELL CHEMICAL CO COM 552078107 2035500 117050 SH SOLE 117050 0 0 M D C HLDGS INC COM 552676108 8596064 135137 SH SOLE 135137 0 0 MANHATTAN ASSOCS INC COM 562750109 6799745 220199 SH SOLE 220199 0 0 MANITOWOC INC COM 563571108 81240 2400 SH SOLE 2400 0 0 MARCONI CORP PLC NEW SPONSORED ADR 56630M101 8976056 352272 SH SOLE 352272 0 0 MARSH & MCLENNAN COS INC COM 571748102 46575899 1026353 SH SOLE 1026353 0 0 MARSHALL & ILSLEY CORP COM 571834100 5801894 148424 SH SOLE 148424 0 0 MATTEL INC COM 577081102 13207014 723672 SH SOLE 723672 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 91686512 1749075 SH SOLE 1749075 0 0 MAXTOR CORP COM NEW 577729205 1251744 188800 SH SOLE 188800 0 0 MCGRAW HILL COS INC COM 580645109 1102608 14400 SH SOLE 14400 0 0 MEADWESTVACO CORP COM 583334107 17224804 586077 SH SOLE 586077 0 0 MEDIACOM COMMUNICATIONS CORP CL A 58446K105 907902 116100 SH SOLE 116100 0 0 MEDICINES CO COM 584688105 3960198 129800 SH SOLE 129800 0 0 MEDICINES CO COM 584688105 14492 475 SH SOLE 475 0 0 MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 8322863 208332 SH SOLE 208332 0 0 MEDTRONIC INC COM 585055106 70764387 1452471 SH SOLE 1452471 0 0 MEDTRONIC INC DBCV 1.250% 9/1 585055AB2 30896031 30010000 SH SOLE 30010000 0 0 MENTOR GRAPHICS CORP COM 587200106 1430975 92500 SH SOLE 92500 0 0 MERCK & CO INC COM 589331107 86159300 1813880 SH SOLE 1813880 0 0 MERCURY INTERACTIVE CORP COM 589405109 2660922 53400 SH SOLE 53400 0 0 MERISTAR HOSPITALITY CORP COM 58984Y103 4105710 600250 SH SOLE 600250 0 0 MERITAGE CORP COM 59001A102 3518570 51142 SH SOLE 51142 0 0 MERRILL LYNCH & CO INC COM 590188108 45929693 850865 SH SOLE 850865 0 0 MERRILL LYNCH & CO INC COM 590188108 148391 2749 SH SOLE 2749 0 0 MERRILL LYNCH CO INC MTN BE MTNF 0.250% 7/2 59018YRQ6 13274019 12305000 SH SOLE 12305000 0 0 MESA AIR GROUP INC COM 590479101 590578 73001 SH SOLE 73001 0 0 MGI PHARMA INC COM 552880106 3111552 115200 SH SOLE 115200 0 0 MGI PHARMA INC COM 552880106 33519 1241 SH SOLE 1241 0 0 MICHAELS STORES INC COM 594087108 7480000 136000 SH SOLE 136000 0 0 MICRON TECHNOLOGY INC NOTE 2.500% 2/0 595112AG8 4729335 3320000 SH SOLE 3320000 0 0 MICROS SYS INC COM 594901100 7262898 151405 SH SOLE 151405 0 0 MICROSOFT CORP COM 594918104 107642155 3768983 SH SOLE 3768983 0 0 MINERALS TECHNOLOGIES INC COM 603158106 127600 2200 SH SOLE 2200 0 0 MINORPLANET SYS USA INC COM NEW 604363200 941578 2139949 SH SOLE 2139949 0 0 MKS INSTRUMENT INC COM 55306N104 4080809 178826 SH SOLE 178826 0 0 MOHAWK INDS INC COM 608190104 6291714 85800 SH SOLE 85800 0 0 MOLINA HEALTHCARE INC COM 60855R100 4085260 107000 SH SOLE 107000 0 0 MORGAN STANLEY COM NEW 617446448 76747896 1454385 SH SOLE 1454385 0 0 MORGAN STANLEY NOTE 5/3 617446JH3 13630512 11865000 SH SOLE 11865000 0 0 MOTOROLA INC EQTY UNIT 7% 620076208 5434556 107600 SH SOLE 107600 0 0 MOTOROLA INC COM 620076109 85684 4695 SH SOLE 4695 0 0 MOTOROLA INC COM 620076109 29307073 1605867 SH SOLE 1605867 0 0 MOVIE GALLERY INC COM 624581104 2042975 104500 SH SOLE 104500 0 0 MSC INDL DIRECT INC CL A 553530106 6219042 189374 SH SOLE 189374 0 0 NABI BIOPHARMACEUTICALS COM 629519109 3469908 244016 SH SOLE 244016 0 0 NABORS INDS INC DBCV 2/0 629568AF3 7355700 11145000 SH SOLE 11145000 0 0 NATIONAL-OILWELL INC COM 637071101 2790014 88600 SH SOLE 88600 0 0 NAVISTAR FINL CORP NOTE 4.750% 4/0 638902AM8 19967250 20220000 SH SOLE 20220000 0 0 NAVISTAR INTL CORP NEW NOTE 2.500%12/1 63934EAG3 11669648 8849000 SH SOLE 8849000 0 0 NAVISTAR INTL CORP NEW COM 63934E108 111640545 2880303 SH SOLE 2880303 0 0 NEKTAR THERAPEUTICS COM 640268108 3936212 197205 SH SOLE 197205 0 0 NETBANK INC COM 640933107 1978669 181031 SH SOLE 181031 0 0 NETFLIX COM INC COM 64110L106 12996256 361506 SH SOLE 361506 0 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 4743445 91484 SH SOLE 91484 0 0 NEW CENTURY FINANCIAL CORP COM 64352D101 5800998 123900 SH SOLE 123900 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 53600127 2730521 SH SOLE 2730521 0 0 NII HLDGS INC CL B NEW 62913F201 16827549 499482 SH SOLE 499482 0 0 NOBLE ENERGY INC COM 655044105 96900 1900 SH SOLE 1900 0 0 NOKIA CORP SPONSORED ADR 654902204 32592124 2243087 SH SOLE 2243087 0 0 NORFOLK SOUTHERN CORP COM 655844108 30975 1168 SH SOLE 1168 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8109228300 107958000SH SOLE 107958000 0 0 NORTHROP GRUMMAN CORP COM 666807102 53806111 1001976 SH SOLE 1001976 0 0 NOVARTIS A G SPONSORED ADR 66987V109 12665400 285000 SH SOLE 285000 0 0 NOVELLUS SYS INC COM 670008101 1627020 51750 SH SOLE 51750 0 0 NTT DOCOMO INC SPONS ADR 62942M201 287790 15900 SH SOLE 15900 0 0 NUI CORP COM 629431107 623420 42700 SH SOLE 42700 0 0 NVIDIA CORP COM 67066G104 1838850 89700 SH SOLE 89700 0 0 ODYSSEY HEALTHCARE INC COM 67611V101 6044514 321175 SH SOLE 321175 0 0 OFFSHORE LOGISTICS INC COM 676255102 1540976 54800 SH SOLE 54800 0 0 OLIN CORP COM PAR $1 680665205 7453172 422995 SH SOLE 422995 0 0 OMNICOM GROUP INC NOTE 2/0 681919AK2 308063 310000 SH SOLE 310000 0 0 OMNICOM GROUP INC COM 681919106 77852895 1025865 SH SOLE 1025865 0 0 OMNOVA SOLUTIONS INC COM 682129101 993080 162800 SH SOLE 162800 0 0 OPEN SOLUTIONS INC COM 68371P102 3522180 141000 SH SOLE 141000 0 0 ORACLE CORP COM 68389X105 64242155 5384925 SH SOLE 5384925 0 0 OSHKOSH B GOSH INC CL A 688222207 665675 26659 SH SOLE 26659 0 0 OSHKOSH TRUCK CORP COM 688239201 6221001 108550 SH SOLE 108550 0 0 OSI PHARMACEUTICALS INC NOTE 3.250% 9/0 671040AD5 520725 318000 SH SOLE 318000 0 0 OSI PHARMACEUTICALS INC COM 671040103 3018495 42852 SH SOLE 42852 0 0 OSI PHARMACEUTICALS INC NOTE 3.250% 9/0 671040AD5 6712720 4058000 SH SOLE 4058000 0 0 OWENS ILL INC COM NEW 690768403 21061689 1256664 SH SOLE 1256664 0 0 OXFORD HEALTH PLANS INC COM 691471106 6571776 119400 SH SOLE 119400 0 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 3973362 96558 SH SOLE 96558 0 0 PACIFICARE HEALTH SYS DEL COM 695112102 3734556 96600 SH SOLE 96600 0 0 PACKAGING CORP AMER COM 695156109 1792500 75000 SH SOLE 75000 0 0 PALL CORP COM 696429307 102141 3900 SH SOLE 3900 0 0 PANERA BREAD CO CL A 69840W108 4527410 126182 SH SOLE 126182 0 0 PARKER DRILLING CO COM 701081101 4973323 1301917 SH SOLE 1301917 0 0 PARKER DRILLING CO NOTE 5.500% 8/0 701081AD3 11251092 6362000 SH SOLE 6362000 0 0 PATHMARK STORES INC NEW COM 70322A101 1905000 250000 SH SOLE 250000 0 0 PATTERSON DENTAL CO COM 703412106 4734731 61900 SH SOLE 61900 0 0 PAXAR CORP COM 704227107 710528 36400 SH SOLE 36400 0 0 PAYLESS SHOESOURCE INC COM 704379106 7072498 474346 SH SOLE 474346 0 0 PEABODY ENERGY CORP COM 704549104 7474665 133500 SH SOLE 133500 0 0 PENN NATL GAMING INC COM 707569109 5061041 152441 SH SOLE 152441 0 0 PEPSICO INC COM 713448108 71277259 1322889 SH SOLE 1322889 0 0 PETCO ANIMAL SUPPLIES COM NEW 716016209 7865360 244190 SH SOLE 244190 0 0 PFIZER INC COM 717081103 92175389 2688897 SH SOLE 2688897 0 0 PG&E CORP COM 69331C108 3980724 142474 SH SOLE 142474 0 0 PG&E CORP COM 69331C108 45151 1616 SH SOLE 1616 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 4338194 136550 SH SOLE 136550 0 0 PINNACLE WEST CAP CORP COM 723484101 96936 2400 SH SOLE 2400 0 0 PITNEY BOWES INC COM 724479100 16461442 372010 SH SOLE 372010 0 0 PLACER DOME INC COM 725906101 3470272 208550 SH SOLE 208550 0 0 PMA CAP CORP DBCV 4.250% 9/3 693419AA1 23871507 22455000 SH SOLE 22455000 0 0 PMI GROUP INC DBCV 2.500% 7/1 69344MAE1 281444 245000 SH SOLE 245000 0 0 PMI GROUP INC COM 69344M101 1376233 31623 SH SOLE 31623 0 0 PMI GROUP INC COM 69344M101 21681664 498200 SH SOLE 498200 0 0 PNC FINL SVCS GROUP INC COM 693475105 42479659 800295 SH SOLE 800295 0 0 POLYONE CORP COM 73179P106 1000784 134514 SH SOLE 134514 0 0 POST PPTYS INC COM 737464107 1786895 61300 SH SOLE 61300 0 0 PPL CORP COM 69351T106 13158796 286684 SH SOLE 286684 0 0 PRAXAIR INC COM 74005P104 84474105 2116615 SH SOLE 2116615 0 0 PREMCOR INC COM 74045Q104 8871825 236582 SH SOLE 236582 0 0 PREMIERE TECHNOLOGIES INC NOTE 5.750% 7/0 74058FAC6 5627280 5703000 SH SOLE 5703000 0 0 PRIDE INTL INC SDCV 4/2 741932AB3 272644 555000 SH SOLE 555000 0 0 PRIDE INTL INC DEL FRNT 2.500% 3/0 74153QAB8 582400 512000 SH SOLE 512000 0 0 PRIDE INTL INC DEL COM 74153Q102 58796838 3436402 SH SOLE 3436402 0 0 PRIDE INTL INC DEL COM 74153Q102 1273754 74445 SH SOLE 74445 0 0 PRIDE INTL INC DEL FRNT 2.500% 3/0 74153QAB8 42813987 37221000 SH SOLE 37221000 0 0 PRIORITY HEALTHCARE CORP CL B 74264T102 2164185 94300 SH SOLE 94300 0 0 PROCTER & GAMBLE CO COM 742718109 18820725 345715 SH SOLE 345715 0 0 PROGRESS SOFTWARE CORP COM 743312100 6453174 297793 SH SOLE 297793 0 0 PROQUEST COMPANY COM 74346P102 656725 24100 SH SOLE 24100 0 0 PROVIDIAN FINL CORP NOTE 3.250% 8/1 74406AAA0 39978731 38895000 SH SOLE 38895000 0 0 PROVIDIAN FINL CORP COM 74406A102 6262623 426900 SH SOLE 426900 0 0 PROVINCE HEALTHCARE CO NOTE 4.250%10/1 743977AE0 17598564 15235000 SH SOLE 15235000 0 0 PRUDENTIAL FINL INC COM 744320102 132718 2856 SH SOLE 2856 0 0 PRUDENTIAL FINL INC COM 744320102 48802236 1050188 SH SOLE 1050188 0 0 PSS WORLD MED INC COM 69366A100 3512488 313615 SH SOLE 313615 0 0 QLOGIC CORP COM 747277101 4671863 175700 SH SOLE 175700 0 0 QUALITY DISTR INC FLA COM 74756M102 297810 27000 SH SOLE 27000 0 0 QUEST DIAGNOSTICS INC DBCV 1.750%11/3 74834LAF7 15529644 14561000 SH SOLE 14561000 0 0 QUEST DIAGNOSTICS INC COM 74834L100 4946554 58229 SH SOLE 58229 0 0 RADWARE LTD ORD M81873107 3920191 229924 SH SOLE 229924 0 0 RAYTHEON CO COM NEW 755111507 60440426 1689696 SH SOLE 1689696 0 0 REGAL ENTMT GROUP CL A 758766109 4475587 247270 SH SOLE 247270 0 0 REINSURANCE GROUP AMER INC COM 759351109 1943070 47800 SH SOLE 47800 0 0 RELIANT ENERGY INC NOTE 5.000% 8/1 75952BAD7 14597672 10395000 SH SOLE 10395000 0 0 RENAL CARE GROUP INC COM 759930100 1040282 31400 SH SOLE 31400 0 0 RESPIRONICS INC COM 761230101 6918165 117756 SH SOLE 117756 0 0 ROPER INDS INC NEW COM 776696106 12378595 217550 SH SOLE 217550 0 0 ROWAN COS INC COM 779382100 72697262 2987968 SH SOLE 2987968 0 0 ROYAL DUTCH PETE CO NY REG EUR .56 780257804 7276544 140800 SH SOLE 140800 0 0 RUSSELL CORP COM 782352108 234432 13053 SH SOLE 13053 0 0 RYANAIR HLDGS PLC SPONSORED ADR 783513104 7232907 220650 SH SOLE 220650 0 0 RYLAND GROUP INC COM 783764103 7174303 91743 SH SOLE 91743 0 0 S & T BANCORP INC COM 783859101 954347 29842 SH SOLE 29842 0 0 SAFENET INC COM 78645R107 2051088 74100 SH SOLE 74100 0 0 SAFEWAY INC COM NEW 786514208 8207449 323893 SH SOLE 323893 0 0 SALIX PHARMACEUTICALS INC COM 795435106 2631585 79866 SH SOLE 79866 0 0 SAP AKTIENGESELLSCHAFT SPONSORED ADR 803054204 1647063 39300 SH SOLE 39300 0 0 SBC COMMUNICATIONS INC COM 78387G103 23432144 966274 SH SOLE 966274 0 0 SCANA CORP NEW COM 80589M102 87288 2400 SH SOLE 2400 0 0 SCANSOURCE INC COM 806037107 8060026 135645 SH SOLE 135645 0 0 SCHEIN HENRY INC COM 806407102 3731574 59100 SH SOLE 59100 0 0 SCHLUMBERGER LTD DBCV 1.500% 6/0 806857AC2 76900246 71871000 SH SOLE 71871000 0 0 SCHOLASTIC CORP COM 807066105 32945 1100 SH SOLE 1100 0 0 SCIENTIFIC GAMES CORP CL A 80874P109 6012525 314134 SH SOLE 314134 0 0 SCOTTISH RE GROUP LTD ORD G7885T104 2046000 88000 SH SOLE 88000 0 0 SELECT COMFORT CORP COM 81616X103 7883698 277595 SH SOLE 277595 0 0 SEMTECH CORP COM 816850101 2072579 88045 SH SOLE 88045 0 0 SENSIENT TECHNOLOGIES CORP COM 81725T100 756203 35205 SH SOLE 35205 0 0 SERENA SOFTWARE INC COM 817492101 1712430 89703 SH SOLE 89703 0 0 SHARPER IMAGE CORP COM 820013100 4945651 157555 SH SOLE 157555 0 0 SIEBEL SYS INC COM 826170102 1480248 138600 SH SOLE 138600 0 0 SIERRA HEALTH SVCS INC COM 826322109 6512477 145693 SH SOLE 145693 0 0 SIERRA PAC RES NEW COM 826428104 5006489 649350 SH SOLE 649350 0 0 SIGMATEL INC COM 82661W107 5158673 177518 SH SOLE 177518 0 0 SILICON GRAPHICS INC COM 827056102 3317930 1508150 SH SOLE 1508150 0 0 SILICON LABORATORIES INC COM 826919102 6127470 132200 SH SOLE 132200 0 0 SINCLAIR BROADCAST GROUP INC CL A 829226109 2992473 291380 SH SOLE 291380 0 0 SL GREEN RLTY CORP COM 78440X101 121680 2600 SH SOLE 2600 0 0 SMITH & WOLLENSKY RESTAURANT COM 831758107 2087399 335056 SH SOLE 335056 0 0 SMURFIT-STONE CONTAINER CORP COM 832727101 129875897 6510070 SH SOLE 6510070 0 0 SOUTHERN CO COM 842587107 405185 13900 SH SOLE 13900 0 0 SOUTHTRUST CORP COM 844730101 16811406 433172 SH SOLE 433172 0 0 SOVEREIGN BANCORP INC COM 845905108 11599096 524846 SH SOLE 524846 0 0 SPDR TR UNIT SER 1 78462F103 6413680 56000 SH SOLE 56000 0 0 SPRINT CORP COM FON GROUP 852061100 18189213 1033478 SH SOLE 1033478 0 0 SPX CORP COM 784635104 3819690 82250 SH SOLE 82250 0 0 ST JUDE MED INC COM 790849103 2753660 36400 SH SOLE 36400 0 0 ST PAUL TRAVELERS INC COM 792860108 63378939 1563368 SH SOLE 1563368 0 0 STARTEK INC COM 85569C107 4829420 134900 SH SOLE 134900 0 0 STATE STR CORP UNIT 99/99/9999 857477202 3319597 14380 SH SOLE 14380 0 0 STATION CASINOS INC COM 857689103 10259929 211982 SH SOLE 211982 0 0 STEINER LEISURE LTD ORD P8744Y102 1658800 75400 SH SOLE 75400 0 0 STERICYCLE INC COM 858912108 3492450 67500 SH SOLE 67500 0 0 STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 2554610 88090 SH SOLE 88090 0 0 SUN COMMUNITIES INC COM 866674104 1532355 40700 SH SOLE 40700 0 0 SUNOCO INC COM 86764P109 668010 10500 SH SOLE 10500 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 3230753 321468 SH SOLE 321468 0 0 SUPERVALU INC NOTE 11/0 868536AP8 824500 2425000 SH SOLE 2425000 0 0 SUPERVALU INC NOTE 11/0 868536AP8 30115454 86735000 SH SOLE 86735000 0 0 SYMANTEC CORP COM 871503108 91931433 2099850 SH SOLE 2099850 0 0 SYMANTEC CORP NOTE 3.000%11/0 871503AB4 5696662 2200000 SH SOLE 2200000 0 0 SYNOPSYS INC COM 871607107 5205021 183082 SH SOLE 183082 0 0 SYSCO CORP COM 871829107 75660053 2109285 SH SOLE 2109285 0 0 TARGET CORP COM 87612E106 75901535 1787180 SH SOLE 1787180 0 0 TARO PHARMACEUTICAL INDS LTD ORD M8737E108 8747937 201102 SH SOLE 201102 0 0 TECHNITROL INC COM 878555101 1927200 88000 SH SOLE 88000 0 0 TELIK INC COM 87959M109 4290991 179765 SH SOLE 179765 0 0 TELLABS INC COM 879664100 1633655 186917 SH SOLE 186917 0 0 TEMPLE INLAND INC COM 879868107 47851542 690997 SH SOLE 690997 0 0 TEREX CORP NEW COM 880779103 126281 3700 SH SOLE 3700 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 4602434 255407 SH SOLE 255407 0 0 TEVA PHARMACEUTICAL FIN NV NOTE 0.750% 8/1 88163XAB1 52371728 33165000 SH SOLE 33165000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 89506791 1331550 SH SOLE 1331550 0 0 TEVA PHARMACEUTICALS FIN B V DBCV 0.375%11/1 88164MAB4 103838 65000 SH SOLE 65000 0 0 TEXAS INSTRS INC COM 882508104 69405232 2870357 SH SOLE 2870357 0 0 THOMAS INDS INC COM 884425109 1211800 36500 SH SOLE 36500 0 0 THQ INC COM NEW 872443403 1291560 56400 SH SOLE 56400 0 0 TIDEWATER INC COM 886423102 1490000 50000 SH SOLE 50000 0 0 TIME WARNER INC COM 887317105 1390578 79100 SH SOLE 79100 0 0 TIMKEN CO COM 887389104 15611219 589325 SH SOLE 589325 0 0 TJX COS INC NEW COM 872540109 78986804 3272030 SH SOLE 3272030 0 0 TOO INC COM 890333107 550031 32936 SH SOLE 32936 0 0 TORO CO COM 891092108 9872863 140900 SH SOLE 140900 0 0 TRAMMELL CROW CO COM 89288R106 1637010 116100 SH SOLE 116100 0 0 TRANSOCEAN INC ORD G90078109 88623599 3062322 SH SOLE 3062322 0 0 TRIBUNE CO NEW SB DB EXCH2%29 896047305 294120 3600 SH SOLE 3600 0 0 TRIMBLE NAVIGATION LTD COM 896239100 6275010 225801 SH SOLE 225801 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 9973818 529115 SH SOLE 529115 0 0 TXU CORP FRNT 7/1 873168AE8 602545 440000 SH SOLE 440000 0 0 TYCO INTL GROUP S A DBCV 3.125% 1/1 902118BE7 582750 360000 SH SOLE 360000 0 0 TYCO INTL GROUP S A DBCV 3.125% 1/1 902118BG2 23450584 14288000 SH SOLE 14288000 0 0 TYCO INTL GROUP S A DBCV 2.750% 1/1 902118BF4 59723418 39390000 SH SOLE 39390000 0 0 UBS AG NAMEN AKT H8920M855 6474063 91107 SH SOLE 91107 0 0 UCBH HOLDINGS INC COM 90262T308 11044180 279458 SH SOLE 279458 0 0 UGI CORP NEW COM 902681105 2452440 76400 SH SOLE 76400 0 0 UNITED DEFENSE INDS INC COM 91018B104 2520000 72000 SH SOLE 72000 0 0 UNITED ONLINE INC COM 911268100 5953941 338100 SH SOLE 338100 0 0 UNITED TECHNOLOGIES CORP COM 913017109 88798264 970685 SH SOLE 970685 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 1287630 50200 SH SOLE 50200 0 0 UNITEDGLOBALCOM CL A 913247508 12586195916286497 SH SOLE 16286497 0 0 UNITEDHEALTH GROUP INC COM 91324P102 103842649 1668155 SH SOLE 1668155 0 0 UNIVERSAL HLTH SVCS INC CL B 913903100 29357027 639726 SH SOLE 639726 0 0 UNIVERSAL TECHNICAL INST INC COM 913915104 2150386 53800 SH SOLE 53800 0 0 UNOCAL CORP COM 915289102 26171550 688725 SH SOLE 688725 0 0 US BANCORP DEL COM NEW 902973304 37720132 1368655 SH SOLE 1368655 0 0 USF&G CORP NOTE 3/0 903290AD6 3887813 4785000 SH SOLE 4785000 0 0 UTSTARCOM INC COM 918076100 1848275 61100 SH SOLE 61100 0 0 VALERO ENERGY CORP NEW COM 91913Y100 23729551 321713 SH SOLE 321713 0 0 VALMONT INDS INC COM 920253101 916000 40000 SH SOLE 40000 0 0 VARIAN MED SYS INC COM 92220P105 3340635 42100 SH SOLE 42100 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 3821296 99100 SH SOLE 99100 0 0 VCA ANTECH INC COM 918194101 7276393 162347 SH SOLE 162347 0 0 VERITAS SOFTWARE CO COM 923436109 81030949 2925305 SH SOLE 2925305 0 0 VERIZON COMMUNICATIONS COM 92343V104 66612798 1840641 SH SOLE 1840641 0 0 VERIZON GLOBAL FDG CORP NOTE 5/1 92344GAN6 11925413 19590000 SH SOLE 19590000 0 0 VERTEX PHARMACEUTICALS INC NOTE 5.000% 9/1 92532FAD2 14226187 13235000 SH SOLE 13235000 0 0 VIACOM INC CL B 925524308 46558055 1303417 SH SOLE 1303417 0 0 VIASYS HEALTHCARE INC COM NEW 92553Q209 535296 25600 SH SOLE 25600 0 0 VISTEON CORP COM 92839U107 921930 79000 SH SOLE 79000 0 0 VODAFONE GROUP PLC NEW SPONSORED ADR 92857W100 3765398 170380 SH SOLE 170380 0 0 WABASH NATL CORP COM 929566107 60362 2191 SH SOLE 2191 0 0 WABASH NATL CORP COM 929566107 5898455 214100 SH SOLE 214100 0 0 WABTEC CORP COM 929740108 1560460 86500 SH SOLE 86500 0 0 WACHOVIA CORP 2ND NEW COM 929903102 49852460 1120280 SH SOLE 1120280 0 0 WADDELL & REED FINL INC CL A 930059100 1923570 87000 SH SOLE 87000 0 0 WAL MART STORES INC COM 931142103 66072403 1252320 SH SOLE 1252320 0 0 WALGREEN CO COM 931422109 81317159 2245710 SH SOLE 2245710 0 0 WARNACO GROUP INC COM NEW 934390402 2095095 98500 SH SOLE 98500 0 0 WASHINGTON MUT INC COM 939322103 59390 1537 SH SOLE 1537 0 0 WASHINGTON MUT INC COM 939322103 28937766 748907 SH SOLE 748907 0 0 WATTS WATER TECHNOLOGIES INC CL A 942749102 1262392 46842 SH SOLE 46842 0 0 WAUSAU-MOSINEE PAPER CORP COM 943315101 2508535 145002 SH SOLE 145002 0 0 WCI CMNTYS INC COM 92923C104 8458770 379147 SH SOLE 379147 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 29848728 663600 SH SOLE 663600 0 0 WELLCHOICE INC COM 949475107 4520880 109200 SH SOLE 109200 0 0 WELLPOINT HEALTH NETWORK NEW COM 94973H108 92556663 826325 SH SOLE 826325 0 0 WELLS FARGO & CO NEW COM 949746101 1224722 21400 SH SOLE 21400 0 0 WESTCORP INC COM 957907108 11836771 260435 SH SOLE 260435 0 0 WHOLE FOODS MKT INC SDCV 3/0 966837AC0 31425499 30554000 SH SOLE 30554000 0 0 WILSON GREATBATCH TECHNOLOGI COM 972232102 1474027 52738 SH SOLE 52738 0 0 WINNEBAGO INDS INC COM 974637100 10464496 280700 SH SOLE 280700 0 0 WINTRUST FINANCIAL CORP COM 97650W108 8752979 173292 SH SOLE 173292 0 0 WIRELESS FACILITIES INC COM 97653A103 4758182 484047 SH SOLE 484047 0 0 WMS INDS INC COM 929297109 6677048 224062 SH SOLE 224062 0 0 XEROX CORP PFD CONV SER C 984121509 7259725 53965 SH SOLE 53965 0 0 XL CAP LTD CL A G98255105 1490863 19757 SH SOLE 19757 0 0 XL CAP LTD DBCV 5/2 98372PAB4 15107782 23655000 SH SOLE 23655000 0 0 XM SATELLITE RADIO HLDGS INC CL A 983759101 605838 22200 SH SOLE 22200 0 0 YANKEE CANDLE INC COM 984757104 7475276 255565 SH SOLE 255565 0 0 YELLOW ROADWAY CORP COM 985577105 95664 2400 SH SOLE 2400 0 0
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