-----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, Uq7VYHGe6/btQMOIPuT6qqP9srnKk+Vgn3+Qg39TwnCc2XjAbMq4Xo1DxP90ccvt xd9H6FbVcHX32TgjniOwBw== 0001085146-06-000237.txt : 20060413 0001085146-06-000237.hdr.sgml : 20060413 20060413105616 ACCESSION NUMBER: 0001085146-06-000237 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060331 FILED AS OF DATE: 20060413 DATE AS OF CHANGE: 20060413 EFFECTIVENESS DATE: 20060413 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: 06757507 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 mack1q06.txt MACKAY SHIELDS LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2006 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, 34th 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: Rene A. Bustamante Title: Chief Compliance Officer Phone: (212) 230-3811 Signature, Place, and Date of Signing: /s/ Rene A. Bustamante New York, NY April 07, 2006 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: 554 Form13F Information Table Value Total: $11,483,460 (thousands) 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 (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO NOTE 11/2 88579YAB7 3553 4015000 PRN SOLE 4015000 0 0 3M CO COM 88579Y101 42424 560500 SH SOLE 560500 0 0 A C MOORE ARTS & CRAFTS INC COM 00086T103 2907 157963 SH SOLE 157874 0 0 A S V INC COM 001963107 7624 236621 SH SOLE 236419 0 0 ABBOTT LABS COM 002824100 54218 1276597 SH SOLE 1275726 0 0 ABITIBI-CONSOLIDATED INC COM 003924107 36686 8839951 SH SOLE 8824685 0 0 ACTEL CORP COM 004934105 2861 179496 SH SOLE 179496 0 0 ACTIVISION INC NEW COM NEW 004930202 5268 381997 SH SOLE 381997 0 0 ACTUANT CORP CL A NEW 00508X203 10200 166617 SH SOLE 166507 0 0 ADOLOR CORP COM 00724X102 3175 133373 SH SOLE 133292 0 0 ADVANCE AUTO PARTS INC COM 00751Y106 3240 77800 SH SOLE 77800 0 0 ADVANCED DIGITAL INFORMATION COM 007525108 1500 170790 SH SOLE 170790 0 0 AES CORP COM 00130H105 5715 335000 SH SOLE 335000 0 0 AETNA INC NEW COM 00817Y108 5405 110000 SH SOLE 110000 0 0 AFFILIATED COMPUTER SERVICES CL A 008190100 5474 91750 SH SOLE 91750 0 0 AFFILIATED MANAGERS GROUP NOTE 5/0 008252AC2 22019 11765000 PRN SOLE 11765000 0 0 AFFILIATED MANAGERS GROUP COM 008252108 28834 270464 SH SOLE 270370 0 0 AFLAC INC COM 001055102 49999 1107879 SH SOLE 1107470 0 0 AGCO CORP COM 001084102 11190 539548 SH SOLE 537939 0 0 AIR PRODS & CHEMS INC COM 009158106 5202 77419 SH SOLE 77419 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 12995 395100 SH SOLE 395100 0 0 ALCOA INC COM 013817101 26430 864863 SH SOLE 864112 0 0 ALCON INC COM SHS H01301102 3493 33500 SH SOLE 33500 0 0 ALKERMES INC COM 01642T108 1871 84870 SH SOLE 84801 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 12089 197600 SH SOLE 197600 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 2095 44800 SH SOLE 44800 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 8740 113250 SH SOLE 113250 0 0 ALLSTATE CORP COM 020002101 35489 681049 SH SOLE 680640 0 0 ALLTEL CORP COM 020039103 61073 943211 SH SOLE 942047 0 0 ALTERA CORP COM 021441100 2378 115200 SH SOLE 115200 0 0 ALZA CORP SDCV 7/2 02261WAB5 24050 29275000 PRN SOLE 29275000 0 0 ALZA CORP SDCV 7/2 02261WAB5 1503 1847000 SH SOLE 1734000 0 0 AMAZON COM INC NOTE 4.750% 2/0 023135AF3 8970 9380000 PRN SOLE 9380000 0 0 AMDOCS LTD ORD G02602103 2420 67100 SH SOLE 67100 0 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 2598 151665 SH SOLE 151665 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 7829 262200 SH SOLE 262200 0 0 AMERICAN EXPRESS CO COM 025816109 67655 1287444 SH SOLE 1287444 0 0 AMERICAN EXPRESS CO DBCV 1.850%12/0 025816AS8 38411 36840000 PRN SOLE 36840000 0 0 AMERICAN INTL GROUP INC DBCV 11/0 026874AP2 9127 13300000 PRN SOLE 13300000 0 0 AMERICAN RAILCAR INDS INC COM 02916P103 870 24800 SH SOLE 24800 0 0 AMERICAN STD COS INC DEL COM 029712106 77840 1816144 SH SOLE 1814197 0 0 AMERICREDIT CORP COM 03060R101 1967 64000 SH SOLE 64000 0 0 AMERIPRISE FINL INC COM 03076C106 16152 358453 SH SOLE 358453 0 0 AMGEN INC NOTE 3/0 031162AL4 22124 29275000 PRN SOLE 29094000 0 0 AMGEN INC COM 031162100 76969 1057993 SH SOLE 1057993 0 0 AMPHENOL CORP NEW CL A 032095101 13082 250700 SH SOLE 250700 0 0 AMR CORP COM 001765106 1353 50000 SH SOLE 50000 0 0 ANGIOTECH PHARMACEUTICALS IN COM 034918102 1058 71500 SH SOLE 71500 0 0 ANIXTER INTL INC COM 035290105 5466 114400 SH SOLE 114400 0 0 AON CORP DBCV 3.500%11/1 037389AT0 24799 12750000 PRN SOLE 12668000 0 0 APACHE CORP COM 037411105 36810 561900 SH SOLE 561900 0 0 APOGEE ENTERPRISES INC COM 037598109 1111 65795 SH SOLE 65795 0 0 APPLE COMPUTER INC COM 037833100 73950 1179050 SH SOLE 1179050 0 0 APPLIED FILMS CORP COM 038197109 1930 99310 SH SOLE 99310 0 0 APRIA HEALTHCARE GROUP INC COM 037933108 7675 334010 SH SOLE 333218 0 0 ARAMARK CORP CL B 038521100 6706 227004 SH SOLE 225542 0 0 ARCH CHEMICALS INC COM 03937R102 19482 640866 SH SOLE 639606 0 0 ARCH COAL INC COM 039380100 30609 403063 SH SOLE 402994 0 0 ARCTIC CAT INC COM 039670104 1926 80070 SH SOLE 80070 0 0 ARGON ST INC COM 040149106 2542 75800 SH SOLE 75743 0 0 ARRIS GROUP INC COM 04269Q100 5473 397723 SH SOLE 397526 0 0 ARTHROCARE CORP COM 043136100 9083 189944 SH SOLE 189845 0 0 ASTEC INDS INC COM 046224101 2323 64700 SH SOLE 64700 0 0 AT&T INC COM 00206R102 34491 1275530 SH SOLE 1274692 0 0 ATMI INC COM 00207R101 1120 37100 SH SOLE 37100 0 0 ATWOOD OCEANICS INC COM 050095108 20465 202609 SH SOLE 202542 0 0 AUDIOCODES LTD NOTE 2.000%11/0 050732AB2 11927 12205000 PRN SOLE 12205000 0 0 AUTODESK INC COM 052769106 9048 234900 SH SOLE 234900 0 0 AVID TECHNOLOGY INC COM 05367P100 1717 39500 SH SOLE 39500 0 0 AVOCENT CORP COM 053893103 9081 286096 SH SOLE 286002 0 0 BAKER HUGHES INC COM 057224107 88633 1295800 SH SOLE 1295800 0 0 BANK OF AMERICA CORPORATION COM 060505104 96259 2113726 SH SOLE 2112091 0 0 BANTA CORP COM 066821109 2425 46655 SH SOLE 46655 0 0 BEAZER HOMES USA INC COM 07556Q105 7342 111748 SH SOLE 111657 0 0 BED BATH & BEYOND INC COM 075896100 62337 1623350 SH SOLE 1623350 0 0 BELDEN CDT INC COM 077454106 1512 55515 SH SOLE 55515 0 0 BENCHMARK ELECTRS INC COM 08160H101 1039 27105 SH SOLE 27105 0 0 BERKLEY W R CORP COM 084423102 8784 151300 SH SOLE 151300 0 0 BERKSHIRE HILLS BANCORP INC COM 084680107 824 23575 SH SOLE 23575 0 0 BEST BUY INC COM 086516101 84492 1510675 SH SOLE 1510675 0 0 BJ SVCS CO COM 055482103 81648 2359775 SH SOLE 2359775 0 0 BLACK & DECKER CORP COM 091797100 773 8900 SH SOLE 8900 0 0 BLOCK H & R INC COM 093671105 20979 969008 SH SOLE 966717 0 0 BMC SOFTWARE INC COM 055921100 19166 884842 SH SOLE 883762 0 0 BOB EVANS FARMS INC COM 096761101 1764 59390 SH SOLE 59390 0 0 BOSTON SCIENTIFIC CORP COM 101137107 6294 273067 SH SOLE 271401 0 0 BOWATER INC COM 102183100 17883 604556 SH SOLE 603271 0 0 BOYD GAMING CORP COM 103304101 7251 145200 SH SOLE 145200 0 0 BP PLC SPONSORED ADR 055622104 28711 416459 SH SOLE 416459 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 15141 615230 SH SOLE 614832 0 0 BRONCO DRILLING CO INC COM 112211107 4846 184277 SH SOLE 184121 0 0 BROOKLINE BANCORP INC DEL COM 11373M107 1557 100500 SH SOLE 100500 0 0 BRUNSWICK CORP COM 117043109 13116 337525 SH SOLE 337525 0 0 BUILDERS FIRSTSOURCE INC COM 12008R107 7114 313227 SH SOLE 313114 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 14536 174436 SH SOLE 174079 0 0 C D W CORP COM 12512N105 2472 42000 SH SOLE 42000 0 0 CADBURY SCHWEPPES PLC ADR 127209302 71977 1799846 SH SOLE 1797198 0 0 CAL DIVE INTL INC NOTE 3.250%12/1 127914AB5 4854 3400000 PRN SOLE 3400000 0 0 CALLAWAY GOLF CO COM 131193104 1266 73604 SH SOLE 73604 0 0 CAMBREX CORP COM 132011107 3010 154021 SH SOLE 154021 0 0 CANON INC ADR 138006309 17579 266428 SH SOLE 266428 0 0 CAPITAL ONE FINL CORP COM 14040H105 74328 923100 SH SOLE 923100 0 0 CAREMARK RX INC COM 141705103 92015 1870975 SH SOLE 1870975 0 0 CARMIKE CINEMAS INC COM 143436400 2463 102070 SH SOLE 102070 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 1626 17200 SH SOLE 17200 0 0 CEDAR SHOPPING CTRS INC COM NEW 150602209 852 53775 SH SOLE 53775 0 0 CELANESE CORP DEL PFD 4.25% CONV 150870202 8558 279900 SH SOLE 279900 0 0 CELGENE CORP COM 151020104 3378 76400 SH SOLE 76400 0 0 CENDANT CORP COM 151313103 11733 676250 SH SOLE 676250 0 0 CENTEX CORP COM 152312104 60146 970250 SH SOLE 970250 0 0 CENTRAL PAC FINL CORP COM 154760102 781 21270 SH SOLE 21270 0 0 CEPHALON INC COM 156708109 5447 90400 SH SOLE 90400 0 0 CERADYNE INC COM 156710105 8902 178392 SH SOLE 178287 0 0 CHATTEM INC COM 162456107 7546 200408 SH SOLE 200260 0 0 CHEMTURA CORP COM 163893100 24413 2072437 SH SOLE 2067106 0 0 CHESAPEAKE ENERGY CORP COM 165167107 1018 32400 SH SOLE 32400 0 0 CHEVRON CORP NEW COM 166764100 34408 593544 SH SOLE 593120 0 0 CHICOS FAS INC COM 168615102 37529 923440 SH SOLE 923440 0 0 CHILDRENS PL RETAIL STORES I COM 168905107 9923 171386 SH SOLE 171254 0 0 CHITTENDEN CORP COM 170228100 2100 72488 SH SOLE 72488 0 0 CHRISTOPHER & BANKS CORP COM 171046105 3591 154713 SH SOLE 154713 0 0 CHURCH & DWIGHT INC DBCV 5.250% 8/1 171340AC6 15120 11525000 PRN SOLE 11525000 0 0 CIENA CORP NOTE 3.750% 2/0 171779AA9 83585 91432000 PRN SOLE 91378000 0 0 CIMAREX ENERGY CO COM 171798101 1256 29025 SH SOLE 29025 0 0 CITIGROUP FDG INC NOTE 0.500% 2/0 17308CDA1 15071 15690000 PRN SOLE 15690000 0 0 CITIGROUP INC COM 172967101 121937 2581786 SH SOLE 2580199 0 0 CITRIX SYS INC COM 177376100 25222 665475 SH SOLE 665475 0 0 CLARCOR INC COM 179895107 6207 174347 SH SOLE 174222 0 0 CLECO CORP NEW COM 12561W105 1574 70510 SH SOLE 70510 0 0 COACH INC COM 189754104 99202 2868775 SH SOLE 2868775 0 0 COLDWATER CREEK INC COM 193068103 9540 343164 SH SOLE 342897 0 0 COMCAST CORP NEW CL A 20030N101 55523 2122454 SH SOLE 2120864 0 0 COMMERCIAL CAP BANCORP INC COM 20162L105 892 63420 SH SOLE 63420 0 0 COMMERCIAL METALS CO COM 201723103 10773 201400 SH SOLE 201400 0 0 COMPASS BANCSHARES INC COM 20449H109 24465 483395 SH SOLE 482581 0 0 COMPUTER SCIENCES CORP COM 205363104 68261 1228817 SH SOLE 1227427 0 0 COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 28789 1223500 SH SOLE 1223500 0 0 CONMED CORP COM 207410101 723 37750 SH SOLE 37750 0 0 CONOCOPHILLIPS COM 20825C104 40427 640165 SH SOLE 639800 0 0 CONSECO INC PFD B CV 5.50% 208464867 27890 936494 SH SOLE 931118 0 0 CONSOL ENERGY INC COM 20854P109 2010 27100 SH SOLE 27100 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 2927 53500 SH SOLE 53500 0 0 COOPER CAMERON CORP DBCV 1.500% 5/1 216640AE2 35927 26003000 PRN SOLE 25873000 0 0 COOPER COS INC COM NEW 216648402 6900 127700 SH SOLE 127700 0 0 CORNING INC COM 219350105 119844 4453525 SH SOLE 4453525 0 0 COST PLUS INC CALIF COM 221485105 3249 189975 SH SOLE 189975 0 0 COSTCO COMPANIES INC NOTE 8/1 22160QAC6 42040 33988000 PRN SOLE 33851000 0 0 COVANCE INC COM 222816100 3302 56200 SH SOLE 56200 0 0 COVENTRY HEALTH CARE INC COM 222862104 53430 989804 SH SOLE 989804 0 0 CRA INTL INC COM 12618T105 5880 119364 SH SOLE 119281 0 0 CSK AUTO CORP COM 125965103 939 67678 SH SOLE 67678 0 0 CSX CORP COM 126408103 17370 290465 SH SOLE 289627 0 0 CULLEN FROST BANKERS INC COM 229899109 2141 39835 SH SOLE 39835 0 0 CV THERAPEUTICS INC COM 126667104 2656 120309 SH SOLE 120218 0 0 CVS CORP COM 126650100 45472 1522356 SH SOLE 1521284 0 0 CYMER INC COM 232572107 3863 85018 SH SOLE 84972 0 0 CYTYC CORP COM 232946103 10875 385900 SH SOLE 385900 0 0 D R HORTON INC COM 23331A109 82469 2482498 SH SOLE 2482498 0 0 DADE BEHRING HLDGS INC COM 23342J206 7410 207506 SH SOLE 207340 0 0 DANAHER CORP DEL COM 235851102 84685 1332575 SH SOLE 1332575 0 0 DEPOMED INC COM 249908104 601 92100 SH SOLE 92100 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 6545 103192 SH SOLE 103192 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 20965 234237 SH SOLE 233745 0 0 DIAMOND OFFSHORE DRILLING IN DBCV 1.500% 4/1 25271CAE2 42478 23005000 PRN SOLE 23005000 0 0 DIAMONDROCK HOSPITALITY CO COM 252784301 901 65225 SH SOLE 65225 0 0 DICKS SPORTING GOODS INC COM 253393102 2436 61400 SH SOLE 61400 0 0 DIGITAS INC COM 25388K104 8127 564361 SH SOLE 563897 0 0 DIODES INC COM 254543101 9972 240277 SH SOLE 240126 0 0 DIRECT GEN CORP COM 25456W204 2106 123825 SH SOLE 123825 0 0 DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 49644 45935000 PRN SOLE 45749000 0 0 DOVER CORP COM 260003108 5264 108400 SH SOLE 108400 0 0 DRESSER-RAND GROUP INC COM 261608103 2827 113774 SH SOLE 113690 0 0 DRS TECHNOLOGIES INC COM 23330X100 9323 169909 SH SOLE 169823 0 0 DTE ENERGY CO COM 233331107 7710 192328 SH SOLE 191453 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 46626 1104608 SH SOLE 1103882 0 0 DUKE ENERGY CORP COM 264399106 8561 293687 SH SOLE 293051 0 0 E M C CORP MASS COM 268648102 65709 4820900 SH SOLE 4820900 0 0 EAGLE MATERIALS INC COM 26969P108 29176 457587 SH SOLE 457533 0 0 EATON CORP COM 278058102 2029 27800 SH SOLE 27800 0 0 EBAY INC COM 278642103 30598 783350 SH SOLE 783350 0 0 EDUCATION RLTY TR INC COM 28140H104 939 61400 SH SOLE 61400 0 0 EFUNDS CORP COM 28224R101 1591 61563 SH SOLE 61563 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 7579 231000 SH SOLE 231000 0 0 ENERGY EAST CORP COM 29266M109 14459 595013 SH SOLE 593445 0 0 ENI S P A SPONSORED ADR 26874R108 3890 68312 SH SOLE 68312 0 0 ENSCO INTL INC COM 26874Q100 136322 2649589 SH SOLE 2647703 0 0 ENTERGY CORP NEW COM 29364G103 16631 241250 SH SOLE 240685 0 0 EPICOR SOFTWARE CORP COM 29426L108 6829 508481 SH SOLE 508249 0 0 ESSEX CORP COM 296744105 1015 46100 SH SOLE 46100 0 0 EURONET WORLDWIDE INC COM 298736109 1214 32100 SH SOLE 32100 0 0 EVERGREEN SOLAR INC NOTE 4.375% 7/0 30033RAB4 9496 4470000 PRN SOLE 4470000 0 0 EXXON MOBIL CORP COM 30231G102 72655 1193797 SH SOLE 1192938 0 0 F5 NETWORKS INC COM 315616102 1211 16700 SH SOLE 16700 0 0 FACTSET RESH SYS INC COM 303075105 18274 412055 SH SOLE 411949 0 0 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1428 74900 SH SOLE 74900 0 0 FEDEX CORP COM 31428X106 89976 796675 SH SOLE 796675 0 0 FIRST NIAGARA FINL GP INC COM 33582V108 1043 71115 SH SOLE 71115 0 0 FIRSTENERGY CORP COM 337932107 29612 605564 SH SOLE 604737 0 0 FISHER SCIENTIFIC INTL INC NOTE 3.250% 3/0 338032AX3 16626 15401000 PRN SOLE 15268000 0 0 FISHER SCIENTIFIC INTL INC COM NEW 338032204 85848 1261550 SH SOLE 1261550 0 0 FISHER SCIENTIFIC INTL INC NOTE 2.500%10/0 338032AW5 15978 10445000 PRN SOLE 10445000 0 0 FLIR SYS INC COM 302445101 5580 196394 SH SOLE 196279 0 0 FLIR SYS INC NOTE 3.000% 6/0 302445AB7 5748 4000000 PRN SOLE 4000000 0 0 FLUOR CORP NEW COM 343412102 8563 99800 SH SOLE 99800 0 0 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 10501 348341 SH SOLE 346476 0 0 FOREST LABS INC COM 345838106 19199 430168 SH SOLE 429492 0 0 FOUNDATION COAL HLDGS INC COM 35039W100 5996 145745 SH SOLE 145635 0 0 FREMONT GEN CORP COM 357288109 2654 123100 SH SOLE 123100 0 0 GAMESTOP CORP NEW CL A 36467W109 3098 65726 SH SOLE 65679 0 0 GANNETT INC COM 364730101 47633 794938 SH SOLE 793667 0 0 GAP INC DEL COM 364760108 37302 1996900 SH SOLE 1994833 0 0 GARMIN LTD ORD G37260109 8594 108200 SH SOLE 108200 0 0 GEN-PROBE INC NEW COM 36866T103 6424 116544 SH SOLE 116503 0 0 GENENTECH INC COM NEW 368710406 62859 743800 SH SOLE 743800 0 0 GENERAL ELECTRIC CO COM 369604103 80506 2314725 SH SOLE 2314725 0 0 GENERAL GROWTH PPTYS INC COM 370021107 9576 195948 SH SOLE 195948 0 0 GENERAL MLS INC COM 370334104 68057 1342883 SH SOLE 1341200 0 0 GENERAL MTRS CORP DEB SR CONV B 370442733 6771 415900 SH SOLE 415900 0 0 GENLYTE GROUP INC COM 372302109 8860 130026 SH SOLE 129938 0 0 GENWORTH FINL INC COM CL A 37247D106 76427 2286176 SH SOLE 2283115 0 0 GENZYME CORP NOTE 1.250%12/0 372917AN4 29265 26754000 PRN SOLE 26617000 0 0 GETTY IMAGES INC COM 374276103 2366 31600 SH SOLE 31600 0 0 GIANT INDS INC COM 374508109 8289 119205 SH SOLE 119148 0 0 GILEAD SCIENCES INC COM 375558103 79657 1280250 SH SOLE 1280250 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 17831 340871 SH SOLE 340871 0 0 GLOBAL IMAGING SYSTEMS COM 37934A100 5741 151153 SH SOLE 151033 0 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COM 413086109 65806 592150 SH SOLE 592150 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 65482 812945 SH SOLE 812279 0 0 HAWK CORP CL A 420089104 657 47175 SH SOLE 47175 0 0 HCA INC COM 404119109 17195 375537 SH SOLE 375366 0 0 HEALTH MGMT ASSOC INC NEW NOTE 1.500% 8/0 421933AF9 14156 14050000 PRN SOLE 14050000 0 0 HEALTH NET INC COM 42222G108 12309 242200 SH SOLE 242200 0 0 HEALTHTRONICS INC COM 42222L107 788 95275 SH SOLE 95275 0 0 HEALTHWAYS INC COM 422245100 8716 171085 SH SOLE 170947 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 13292 350701 SH SOLE 350498 0 0 HERLEY INDS INC DEL COM 427398102 2292 109755 SH SOLE 109755 0 0 HEWLETT PACKARD CO NOTE 10/1 428236AC7 4854 7555000 PRN SOLE 7555000 0 0 HIBBETT SPORTING GOODS INC COM 428565105 8039 243678 SH SOLE 243486 0 0 HIGHLAND HOSPITALITY CORP COM 430141101 1365 107390 SH SOLE 107390 0 0 HIGHWOODS PPTYS INC COM 431284108 16338 484379 SH SOLE 483195 0 0 HILTON HOTELS CORP NOTE 3.375% 4/1 432848AZ2 51331 42035000 PRN SOLE 41881000 0 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356114 SH SOLE 355894 0 0 J2 GLOBAL COMMUNICATIONS INC COM NEW 46626E205 8995 191389 SH SOLE 191323 0 0 JAMES RIVER COAL CO COM NEW 470355207 5741 169003 SH SOLE 168867 0 0 JARDEN CORP COM 471109108 8590 261498 SH SOLE 261302 0 0 JEFFERIES GROUP INC NEW COM 472319102 10064 172025 SH SOLE 171886 0 0 JO-ANN STORES INC COM 47758P307 1343 99800 SH SOLE 99800 0 0 JOHNSON & JOHNSON COM 478160104 67287 1136217 SH SOLE 1136217 0 0 JOS A BANK CLOTHIERS INC COM 480838101 11848 247091 SH SOLE 246924 0 0 JOURNAL REGISTER CO COM 481138105 2961 243140 SH SOLE 243140 0 0 JOY GLOBAL INC COM 481165108 13321 222875 SH SOLE 222875 0 0 JP MORGAN CHASE & CO COM 46625H100 56611 1359552 SH SOLE 1358624 0 0 KADANT INC COM 48282T104 3794 167115 SH SOLE 167115 0 0 KB HOME COM 48666K109 7382 113600 SH SOLE 113600 0 0 KEANE INC COM 486665102 2000 127002 SH SOLE 127002 0 0 KELLWOOD CO COM 488044108 1288 41035 SH SOLE 41035 0 0 KERR MCGEE CORP COM 492386107 24538 257003 SH SOLE 256842 0 0 KEYCORP NEW COM 493267108 26784 727813 SH SOLE 726287 0 0 KIMBERLY CLARK CORP COM 494368103 36496 631409 SH SOLE 630974 0 0 KIRBY CORP COM 497266106 9413 138202 SH SOLE 138093 0 0 KNIGHT TRANSN INC COM 499064103 4678 236868 SH SOLE 236687 0 0 KOHLS CORP COM 500255104 70346 1327025 SH SOLE 1327025 0 0 KOS PHARMACEUTICALS INC COM 500648100 19472 407621 SH SOLE 406875 0 0 KROGER CO COM 501044101 84325 4141712 SH SOLE 4136380 0 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 18972 18325000 PRN SOLE 18325000 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 85001 990800 SH SOLE 990800 0 0 LA Z BOY INC COM 505336107 2868 168728 SH SOLE 168728 0 0 LABOR READY INC COM NEW 505401208 3025 126300 SH SOLE 126300 0 0 LABORATORY CORP AMER HLDGS NOTE 9/1 50540RAC6 97511119115000 PRN SOLE 119115000 0 0 LANDAMERICA FINL GROUP INC COM 514936103 7029 103600 SH SOLE 103600 0 0 LAS VEGAS SANDS CORP COM 517834107 8374 147800 SH SOLE 147800 0 0 LEARNING TREE INTL INC COM 522015106 1124 92755 SH SOLE 92755 0 0 LEGG MASON INC NOTE 6/0 524901AG0 4806 3300000 PRN SOLE 3300000 0 0 LEGG MASON INC COM 524901105 2030 16200 SH SOLE 16200 0 0 LENNAR CORP CL A 526057104 82326 1363460 SH SOLE 1363460 0 0 LENNOX INTL INC COM 526107107 5223 174900 SH SOLE 174900 0 0 LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 34025 33479000 PRN SOLE 33287000 0 0 LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 1327 1268000 PRN SOLE 1187000 0 0 LIMITED BRANDS INC COM 532716107 2209 90300 SH SOLE 90300 0 0 LINCARE HLDGS INC DBCV 3.000% 6/1 532791AB6 48861 51285000 PRN SOLE 51285000 0 0 LINEAR TECHNOLOGY CORP COM 535678106 45686 1302350 SH SOLE 1302350 0 0 LLOYDS TSB GROUP PLC SPONSORED ADR 539439109 2281 59375 SH SOLE 59375 0 0 LOGITECH INTERNATIONAL S A SPONSORED ADR 541419107 11332 285000 SH SOLE 285000 0 0 LORAL SPACE & COMMUNICATNS L COM 543881106 45263 1500126 SH SOLE 1500126 0 0 LOWES COS INC COM 548661107 78825 1223225 SH SOLE 1223225 0 0 LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 35785 36796000 PRN SOLE 36796000 0 0 LUCENT TECHNOLOGIES INC COM 549463107 45587 14946560 SH SOLE 14925490 0 0 LUCENT TECHNOLOGIES INC SDCV 8.000% 8/0 549463AK3 43557 42315000 PRN SOLE 42315000 0 0 LYDALL INC DEL COM 550819106 1981 205285 SH SOLE 205285 0 0 M D C HLDGS INC COM 552676108 10647 165557 SH SOLE 165478 0 0 MANNKIND CORP COM 56400P201 7463 365100 SH SOLE 365100 0 0 MARSHALL & ILSLEY CORP COM 571834100 21565 494828 SH SOLE 493545 0 0 MASCO CORP COM 574599106 530 16300 SH SOLE 16300 0 0 MASSEY ENERGY CORP COM 576206106 13032 361312 SH SOLE 361203 0 0 MATRIA HEALTHCARE INC COM NEW 576817209 6468 170381 SH SOLE 170298 0 0 MATTEL INC COM 577081102 14033 774016 SH SOLE 772612 0 0 MATTSON TECHNOLOGY INC COM 577223100 1746 145465 SH SOLE 145465 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 25398 683650 SH SOLE 683650 0 0 MCDERMOTT INTL INC COM 580037109 5625 103300 SH SOLE 103300 0 0 MCGRAW HILL COS INC COM 580645109 2149 37300 SH SOLE 37300 0 0 MEDTRONIC INC DBCV 1.250% 9/1 585055AD8 27610 27605000 PRN SOLE 27466000 0 0 MEMC ELECTR MATLS INC COM 552715104 1126 30500 SH SOLE 30500 0 0 MENTOR GRAPHICS CORP COM 587200106 1748 158210 SH SOLE 158210 0 0 MERCANTILE BANK CORP COM 587376104 2107 53898 SH SOLE 53898 0 0 MERITAGE HOMES CORP COM 59001A102 5309 96586 SH SOLE 96511 0 0 MERRILL LYNCH & CO INC COM 590188108 44091 559812 SH SOLE 559453 0 0 MERRILL LYNCH & CO INC NOTE 3/1 590188W46 2671 2319000 PRN SOLE 2177000 0 0 MICHAELS STORES INC COM 594087108 8786 233800 SH SOLE 233800 0 0 MICREL INC COM 594793101 1421 95905 SH SOLE 95830 0 0 MICROS SYS INC COM 594901100 8461 183654 SH SOLE 183553 0 0 MICROSEMI CORP COM 595137100 4045 138980 SH SOLE 138875 0 0 MICROSOFT CORP COM 594918104 58378 2145478 SH SOLE 2145478 0 0 MKS INSTRUMENT INC COM 55306N104 1129 48200 SH SOLE 48200 0 0 MOBILE MINI INC COM 60740F105 3302 106800 SH SOLE 106800 0 0 MOHAWK INDS INC COM 608190104 8815 109200 SH SOLE 109200 0 0 MOLEX INC CL A 608554200 44500 1497306 SH SOLE 1494241 0 0 MORGAN STANLEY COM NEW 617446448 56711 902753 SH SOLE 902323 0 0 MOSAIC CO COM 61945A107 1052 73300 SH SOLE 73300 0 0 MOTOROLA INC COM 620076109 94202 4111799 SH SOLE 4111410 0 0 MSC INDL DIRECT INC CL A 553530106 12659 234337 SH SOLE 234158 0 0 MYOGEN INC COM 62856E104 2680 73974 SH SOLE 73930 0 0 NATIONAL OILWELL VARCO INC COM 637071101 9990 155800 SH SOLE 155800 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 64716 2324575 SH SOLE 2324575 0 0 NAVIGANT INTL INC COM 63935R108 1019 83000 SH SOLE 83000 0 0 NAVISTAR INTL CORP NEW COM 63934E108 5190 188204 SH SOLE 187370 0 0 NBTY INC COM 628782104 678 30125 SH SOLE 30125 0 0 NEKTAR THERAPEUTICS COM 640268108 5412 265553 SH SOLE 265401 0 0 NEWFIELD EXPL CO COM 651290108 13714 327300 SH SOLE 327300 0 0 NEXSTAR BROADCASTING GROUP I CL A 65336K103 2554 491175 SH SOLE 491175 0 0 NIKE INC CL B 654106103 69252 813775 SH SOLE 813775 0 0 NOKIA CORP SPONSORED ADR 654902204 60679 2929892 SH SOLE 2928056 0 0 NORFOLK SOUTHERN CORP COM 655844108 62931 1163875 SH SOLE 1163875 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 130971138128000 PRN SOLE 138128000 0 0 NORTH FORK BANCORPORATION NY COM 659424105 22392 776689 SH SOLE 775294 0 0 NORTHROP GRUMMAN CORP COM 666807102 42045 615672 SH SOLE 615397 0 0 NOVARTIS A G SPONSORED ADR 66987V109 24870 448672 SH SOLE 448672 0 0 NRG ENERGY INC PFD CONV MAND 629377870 24934 104221 SH SOLE 103630 0 0 NTL INC NEW COM 62941W101 5623 193147 SH SOLE 193147 0 0 OLD DOMINION FGHT LINES INC COM 679580100 6765 251017 SH SOLE 250815 0 0 OLIN CORP COM PAR $1 680665205 15400 717266 SH SOLE 715735 0 0 OMNICARE INC COM 681904108 50831 924375 SH SOLE 924375 0 0 OMNICOM GROUP INC COM 681919106 54088 649700 SH SOLE 649700 0 0 OMNOVA SOLUTIONS INC COM 682129101 2748 448985 SH SOLE 448985 0 0 OREGON STL MLS INC COM 686079104 8126 158800 SH SOLE 158800 0 0 OSHKOSH TRUCK CORP COM 688239201 13002 208900 SH SOLE 208900 0 0 OWENS ILL INC COM NEW 690768403 24962 1437078 SH SOLE 1434899 0 0 PARKWAY PPTYS INC COM 70159Q104 876 20060 SH SOLE 20060 0 0 PARTNERRE LTD COM G6852T105 20222 325694 SH SOLE 324903 0 0 PEABODY ENERGY CORP COM 704549104 107942 2141275 SH SOLE 2141275 0 0 PENN NATL GAMING INC COM 707569109 18985 450097 SH SOLE 449921 0 0 PEPSICO INC COM 713448108 41140 711889 SH SOLE 711889 0 0 PERFORMANCE FOOD GROUP CO COM 713755106 1092 35005 SH SOLE 35005 0 0 PETCO ANIMAL SUPPLIES COM NEW 716016209 2811 119249 SH SOLE 119160 0 0 PFIZER INC COM 717081103 92204 3699995 SH SOLE 3697661 0 0 PG&E CORP COM 69331C108 15827 406874 SH SOLE 406166 0 0 PG&E CORP NOTE 9.500% 6/3 69331CAD0 8789 3095000 PRN SOLE 3095000 0 0 PHARMACEUTICAL HLDRS TR DEPOSITRY RCPT 71712A206 11817 165500 SH SOLE 165500 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 7265 209900 SH SOLE 209900 0 0 PHELPS DODGE CORP COM 717265102 1176 14600 SH SOLE 14600 0 0 PHH CORP COM NEW 693320202 1014 37964 SH SOLE 37964 0 0 PITNEY BOWES INC COM 724479100 24651 574208 SH SOLE 573568 0 0 PMA CAP CORP DBCV 6.500% 9/3 693419AD5 14609 12360000 PRN SOLE 12360000 0 0 PMI GROUP INC DBCV 2.500% 7/1 69344MAE1 327 305000 PRN SOLE 305000 0 0 PMI GROUP INC COM 69344M101 120157 2616646 SH SOLE 2613146 0 0 PNC FINL SVCS GROUP INC COM 693475105 31211 463687 SH SOLE 463687 0 0 POLYONE CORP COM 73179P106 171 18400 SH SOLE 18400 0 0 PPL CORP COM 69351T106 22069 750647 SH SOLE 749661 0 0 PRA INTL COM 69353C101 2596 104706 SH SOLE 104631 0 0 PRAXAIR INC COM 74005P104 88922 1612375 SH SOLE 1612375 0 0 PREMIERE GLOBAL SVCS INC COM 740585104 3266 405750 SH SOLE 405750 0 0 PRIDE INTL INC DEL NOTE 3.250% 5/0 74153QAD4 52811 39490000 PRN SOLE 39351000 0 0 PRIDE INTL INC DEL COM 74153Q102 35387 1134932 SH SOLE 1133130 0 0 PROCTER & GAMBLE CO COM 742718109 874 15161 SH SOLE 14868 0 0 PROGENICS PHARMACEUTICALS IN COM 743187106 1995 75334 SH SOLE 75276 0 0 PROGRESS SOFTWARE CORP COM 743312100 2129 73200 SH SOLE 73200 0 0 PRUDENTIAL FINL INC COM 744320102 36568 482367 SH SOLE 482025 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 16215 253200 SH SOLE 253200 0 0 QLOGIC CORP COM 747277101 4650 240300 SH SOLE 240300 0 0 QUADRAMED CORP COM 74730W101 13229 5689459 SH SOLE 5689459 0 0 QUALCOMM INC COM 747525103 59577 1177175 SH SOLE 1177175 0 0 QUALITY DISTR INC FLA COM 74756M102 2745 210640 SH SOLE 210640 0 0 QUEST DIAGNOSTICS INC COM 74834L100 69613 1356975 SH SOLE 1356975 0 0 RAILAMERICA INC COM 750753105 533 50000 SH SOLE 50000 0 0 RAYTHEON CO COM NEW 755111507 22074 481552 SH SOLE 480482 0 0 REGAL ENTMT GROUP CL A 758766109 7110 377988 SH SOLE 376078 0 0 REINSURANCE GROUP AMER INC COM 759351109 1281 27095 SH SOLE 27095 0 0 REMINGTON OIL & GAS CORP COM 759594302 8576 198427 SH SOLE 198288 0 0 RESEARCH IN MOTION LTD COM 760975102 19030 224200 SH SOLE 224200 0 0 RESPIRONICS INC COM 761230101 2619 67300 SH SOLE 67300 0 0 ROPER INDS INC NEW COM 776696106 7873 161900 SH SOLE 161900 0 0 ROWAN COS INC COM 779382100 76371 1737287 SH SOLE 1735406 0 0 RUSSELL CORP COM 782352108 784 56828 SH SOLE 56828 0 0 RYANAIR HLDGS PLC SPONSORED ADR 783513104 18514 338524 SH SOLE 338524 0 0 RYLAND GROUP INC COM 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7189 145400 SH SOLE 145400 0 0 SHUFFLE MASTER INC COM 825549108 2025 56650 SH SOLE 56650 0 0 SIERRA HEALTH SVCS INC COM 826322109 21426 526444 SH SOLE 526224 0 0 SIERRA PAC RES NEW COM 826428104 1898 137415 SH SOLE 137415 0 0 SIGMATEL INC COM 82661W107 369 42260 SH SOLE 42260 0 0 SILICON LABORATORIES INC COM 826919102 3116 56694 SH SOLE 56646 0 0 SIMPSON MANUFACTURING CO INC COM 829073105 11938 275692 SH SOLE 275638 0 0 SIRIUS SATELLITE RADIO INC COM 82966U103 3765 741100 SH SOLE 741100 0 0 SIRIUS SATELLITE RADIO INC NOTE 2.500% 2/1 82966UAC7 10268 7907000 PRN SOLE 7835000 0 0 SLM CORP DBCV 7/2 78442PAC0 1537 1524000 PRN SOLE 1432000 0 0 SMART & FINAL INC COM 831683107 987 60190 SH SOLE 60190 0 0 SMUCKER J M CO COM NEW 832696405 2599 65467 SH SOLE 64790 0 0 SOVEREIGN BANCORP INC COM 845905108 28336 1293291 SH SOLE 1290521 0 0 SPARTAN STORES INC COM 846822104 729 57150 SH SOLE 57150 0 0 SPARTECH CORP COM NEW 847220209 1010 42100 SH SOLE 42100 0 0 SPDR TR UNIT SER 1 78462F103 10347 79700 SH SOLE 79700 0 0 SPECTRUM BRANDS INC COM 84762L105 1090 50175 SH SOLE 50175 0 0 SPRINT NEXTEL CORP COM FON 852061100 90264 3493176 SH SOLE 3491062 0 0 ST JOE CO COM 790148100 10218 162600 SH SOLE 162600 0 0 ST JUDE MED INC DBCV 2.800%12/1 790849AB9 27007 27223000 PRN SOLE 27078000 0 0 STANLEY WKS COM 854616109 5613 110800 SH SOLE 110800 0 0 STARBUCKS CORP COM 855244109 565 15000 SH SOLE 15000 0 0 STATE STR CORP COM 857477103 16901 279677 SH SOLE 279368 0 0 STATION CASINOS INC COM 857689103 2913 36700 SH SOLE 36700 0 0 STEEL DYNAMICS INC COM 858119100 1577 27800 SH SOLE 27800 0 0 STELLENT INC COM 85856W105 810 68300 SH SOLE 68300 0 0 STERLING FINL CORP WASH COM 859319105 873 30100 SH SOLE 30100 0 0 STEWART ENTERPRISES INC CL A 860370105 1878 328830 SH SOLE 328830 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 2759 103000 SH SOLE 103000 0 0 SURMODICS INC COM 868873100 2204 62312 SH SOLE 62261 0 0 SYMBION INC DEL COM 871507109 2283 100815 SH SOLE 100738 0 0 TARGET CORP COM 87612E106 67177 1291625 SH SOLE 1291625 0 0 TEMPLE INLAND INC COM 879868107 15711 352657 SH SOLE 351442 0 0 TEREX CORP NEW COM 880779103 30450 384275 SH SOLE 384152 0 0 TESORO CORP COM 881609101 16197 237000 SH SOLE 237000 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 5845 182199 SH SOLE 182072 0 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 13239 281458 SH SOLE 281239 0 0 TEVA PHARMACEUTICAL FIN II L DBCV 0.250% 2/0 88164RAB3 33830 30968000 PRN SOLE 30798000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 10252 249075 SH SOLE 249075 0 0 TEVA PHARMACEUTICALS FIN B V DBCV 0.375%11/1 88164MAB4 21513 11180000 PRN SOLE 11180000 0 0 TEXAS INSTRS INC COM 882508104 14128 435123 SH SOLE 434790 0 0 TIDEWATER INC COM 886423102 7826 141700 SH SOLE 141700 0 0 TIME WARNER INC COM 887317105 50143 2986521 SH SOLE 2984546 0 0 TIMKEN CO COM 887389104 12457 386021 SH SOLE 384890 0 0 TJX COS INC NEW COM 872540109 6139 247325 SH SOLE 247325 0 0 TORO CO COM 891092108 13141 275200 SH SOLE 275200 0 0 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 10127 93000 SH SOLE 93000 0 0 TRAMMELL CROW CO COM 89288R106 1628 45665 SH SOLE 45665 0 0 TRANSOCEAN INC ORD G90078109 152490 1898997 SH SOLE 1897954 0 0 TRIAD GTY INC COM 895925105 988 21060 SH SOLE 21060 0 0 TRIBUNE CO NEW COM 896047107 41548 1514675 SH SOLE 1512464 0 0 TRIDENT MICROSYSTEMS INC COM 895919108 2272 78200 SH SOLE 78200 0 0 TRIMBLE NAVIGATION LTD COM 896239100 9013 200072 SH SOLE 199936 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 27236 1168932 SH SOLE 1166523 0 0 U S XPRESS ENTERPRISES INC CL A 90338N103 1308 67200 SH SOLE 67200 0 0 UBS AG NAMEN AKT H8920M855 14038 127649 SH SOLE 127649 0 0 UCBH HOLDINGS INC COM 90262T308 6313 333712 SH SOLE 333466 0 0 UGI CORP NEW COM 902681105 2029 96290 SH SOLE 96290 0 0 UNITED TECHNOLOGIES CORP COM 913017109 86210 1487150 SH SOLE 1487150 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 3712 56000 SH SOLE 56000 0 0 UNITEDHEALTH GROUP INC COM 91324P102 125620 2248839 SH SOLE 2248839 0 0 UNIVERSAL HLTH SVCS INC CL B 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COM 931422109 63964 1483050 SH SOLE 1483050 0 0 WARNACO GROUP INC COM NEW 934390402 2018 84100 SH SOLE 84100 0 0 WASHINGTON MUT INC COM 939322103 27827 652925 SH SOLE 652496 0 0 WAUSAU PAPER CORP COM 943315101 2603 183682 SH SOLE 183682 0 0 WCI CMNTYS INC COM 92923C104 10102 363128 SH SOLE 362922 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 109491 2393241 SH SOLE 2393241 0 0 WEBEX COMMUNICATIONS INC COM 94767L109 2448 72700 SH SOLE 72700 0 0 WEBMD CORP NOTE 1.750% 6/1 94769MAE5 6145 6685000 PRN SOLE 6685000 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 3252 71550 SH SOLE 71497 0 0 WELLPOINT INC COM 94973V107 110297 1424475 SH SOLE 1424475 0 0 WELLS FARGO & CO NEW COM 949746101 40469 633613 SH SOLE 633047 0 0 WESCO INTL INC COM 95082P105 11031 162200 SH SOLE 162200 0 0 WHOLE FOODS MKT INC SDCV 3/0 966837AC0 2914 2038000 PRN SOLE 1911000 0 0 WINDROSE MED PPTYS TR COM 973491103 757 50175 SH SOLE 50175 0 0 WINNEBAGO INDS INC COM 974637100 3438 113300 SH SOLE 113300 0 0 WINTRUST FINANCIAL CORP COM 97650W108 8877 152597 SH SOLE 152510 0 0 WITNESS SYS INC COM 977424100 8156 321092 SH SOLE 320896 0 0 WORLD FUEL SVCS CORP COM 981475106 3110 76900 SH SOLE 76900 0 0 WYETH COM 983024100 35943 740784 SH SOLE 740172 0 0 WYETH DBCV 1/1 983024AD2 1466 1377000 PRN SOLE 1285000 0 0 XL CAP LTD CL A G98255105 1808 28202 SH SOLE 27926 0 0 YAHOO INC COM 984332106 22257 689925 SH SOLE 689925 0 0 YAHOO INC FRNT 4/0 984332AB2 24278 15098000 PRN SOLE 15043000 0 0 ZENITH NATL INS CORP COM 989390109 4753 98750 SH SOLE 98750 0 0 ZORAN CORP COM 98975F101 1106 50570 SH SOLE 50570 0 0
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