-----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, BLrRO4Bu5eTYcCp0qVWpN1zATYyKhSkvo4nZZ3w6/OyvsZY7dq+Pv6nSJpUmID/1 F6Hlo1utYiL3hyQAUOxodQ== 0001085146-07-000018.txt : 20070117 0001085146-07-000018.hdr.sgml : 20070117 20070116211917 ACCESSION NUMBER: 0001085146-07-000018 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070117 DATE AS OF CHANGE: 20070116 EFFECTIVENESS DATE: 20070117 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: 07533402 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 mack4q06.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: December 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 January 15, 2007 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: 517 Form13F Information Table Value Total: $10,667,652 (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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABBOTT LABS COM 002824100 49610 1018474 SH SOLE 1018474 0 0 ABERCROMBIE & FITCH CO CL A 002896207 2374 34100 SH SOLE 34100 0 0 ACTEL CORP COM 004934105 1347 74171 SH SOLE 74171 0 0 ACTUANT CORP CL A NEW 00508X203 2171 45564 SH SOLE 45564 0 0 ADMINISTAFF INC COM 007094105 4308 100707 SH SOLE 100707 0 0 ADVANCED MICRO DEVICES INC COM 007903107 64937 3190974 SH SOLE 3190974 0 0 AES CORP COM 00130H105 5155 233900 SH SOLE 233900 0 0 AETNA INC NEW COM 00817Y108 3282 76000 SH SOLE 76000 0 0 AFFILIATED MANAGERS GROUP COM 008252108 32065 305000 SH SOLE 305000 0 0 AFLAC INC COM 001055102 63784 1386606 SH SOLE 1386606 0 0 AIR PRODS & CHEMS INC COM 009158106 3343 47569 SH SOLE 47569 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 50107 943275 SH SOLE 943275 0 0 ALCOA INC COM 013817101 32966 1098494 SH SOLE 1098494 0 0 ALESCO FINL INC COM 014485106 1178 110100 SH SOLE 110100 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 21863 241100 SH SOLE 241100 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 12225 195700 SH SOLE 195700 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 12295 157250 SH SOLE 157250 0 0 ALLTEL CORP COM 020039103 18469 305374 SH SOLE 305374 0 0 ALZA CORP SDCV 7/2 02261WAB5 32605 35651000 PRN SOLE 35651000 0 0 AMAZON COM INC NOTE 4.750% 2/0 023135AF3 9221 9350000 PRN SOLE 9350000 0 0 AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 5665 5295000 PRN SOLE 5295000 0 0 AMDOCS LTD ORD G02602103 9250 238700 SH SOLE 238700 0 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 1486 78265 SH SOLE 78265 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 13548 434100 SH SOLE 434100 0 0 AMERICAN EXPRESS CO COM 025816109 70004 1153844 SH SOLE 1153844 0 0 AMERICAN STD COS INC DEL COM 029712106 68211 1487682 SH SOLE 1487682 0 0 AMERICAN WOODMARK CORP COM 030506109 937 22400 SH SOLE 22400 0 0 AMERICREDIT CORP COM 03060R101 10670 423900 SH SOLE 423900 0 0 AMERIPRISE FINL INC COM 03076C106 28216 517718 SH SOLE 517718 0 0 AMGEN INC NOTE 3/0 031162AL4 45 60000 PRN SOLE 60000 0 0 AMGEN INC COM 031162100 47026 688418 SH SOLE 688418 0 0 AMGEN INC NOTE 0.125% 2/0 031162AN0 39965 40731000 PRN SOLE 40731000 0 0 AMPHENOL CORP NEW CL A 032095101 20381 328300 SH SOLE 328300 0 0 AMR CORP COM 001765106 1512 50000 SH SOLE 50000 0 0 AMR CORP NOTE 4.500% 2/1 001765BB1 9077 5966000 PRN SOLE 5966000 0 0 ANGIOTECH PHARMACEUTICALS IN COM 034918102 1337 162800 SH SOLE 162800 0 0 ANIXTER INTL INC COM 035290105 10739 197778 SH SOLE 197778 0 0 APACHE CORP COM 037411105 22933 344800 SH SOLE 344800 0 0 APOGEE ENTERPRISES INC COM 037598109 1410 72995 SH SOLE 72995 0 0 APPLE COMPUTER INC COM 037833100 93106 1097425 SH SOLE 1097425 0 0 ARCH CHEMICALS INC COM 03937R102 18984 569919 SH SOLE 569919 0 0 ARCTIC CAT INC COM 039670104 1320 75020 SH SOLE 75020 0 0 ARRIS GROUP INC COM 04269Q100 5378 429860 SH SOLE 429860 0 0 ARTHROCARE CORP COM 043136100 7567 189545 SH SOLE 189545 0 0 ARVINMERITOR INC NOTE 4.625% 3/0 043353AF8 8825 7805000 PRN SOLE 7805000 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 25106 952436 SH SOLE 952436 0 0 ASTEC INDS INC COM 046224101 2338 66600 SH SOLE 66600 0 0 AT&T INC COM 00206R102 54817 1533331 SH SOLE 1533331 0 0 ATHEROS COMMUNICATIONS INC COM 04743P108 1541 72300 SH SOLE 72300 0 0 ATMI INC COM 00207R101 1569 51400 SH SOLE 51400 0 0 ATWOOD OCEANICS INC COM 050095108 20951 427835 SH SOLE 427835 0 0 AUDIOCODES LTD NOTE 2.000%11/0 050732AB2 9931 11050000 PRN SOLE 11050000 0 0 AUTODESK INC COM 052769106 28265 698600 SH SOLE 698600 0 0 AVIS BUDGET GROUP COM 053774105 933 43020 SH SOLE 43020 0 0 AVISTA CORP COM 05379B107 1268 50100 SH SOLE 50100 0 0 AVNET INC COM 053807103 10725 420100 SH SOLE 420100 0 0 AVOCENT CORP COM 053893103 12791 377874 SH SOLE 377874 0 0 BAKER HUGHES INC COM 057224107 79326 1062500 SH SOLE 1062500 0 0 BALL CORP COM 058498106 46708 1071303 SH SOLE 1071303 0 0 BANK NEW YORK INC COM 064057102 58937 1496998 SH SOLE 1496998 0 0 BANK OF AMERICA CORPORATION COM 060505104 159476 2987003 SH SOLE 2987003 0 0 BARNES & NOBLE INC COM 067774109 9679 243741 SH SOLE 243741 0 0 BARR PHARMACEUTICALS INC COM 068306109 73062 1457732 SH SOLE 1457732 0 0 BEA SYS INC COM 073325102 30313 2409625 SH SOLE 2409625 0 0 BEAZER HOMES USA INC COM 07556Q105 2980 63390 SH SOLE 63390 0 0 BEBE STORES INC COM 075571109 1328 67100 SH SOLE 67100 0 0 BED BATH & BEYOND INC COM 075896100 49219 1291850 SH SOLE 1291850 0 0 BERKLEY W R CORP COM 084423102 10714 310450 SH SOLE 310450 0 0 BERRY PETE CO CL A 085789105 1278 41200 SH SOLE 41200 0 0 BEST BUY INC COM 086516101 49131 998800 SH SOLE 998800 0 0 BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 3544 157603 SH SOLE 157603 0 0 BJ SVCS CO COM 055482103 47485 1619550 SH SOLE 1619550 0 0 BLACK & DECKER CORP COM 091797100 712 8900 SH SOLE 8900 0 0 BLOCK H & R INC COM 093671105 24483 1062626 SH SOLE 1062626 0 0 BLUEGREEN CORP COM 096231105 784 61100 SH SOLE 61100 0 0 BON-TON STORES INC COM 09776J101 3912 112892 SH SOLE 112892 0 0 BOWATER INC COM 102183100 2911 129396 SH SOLE 129396 0 0 BOYD GAMING CORP COM 103304101 2633 58100 SH SOLE 58100 0 0 BP PLC SPONSORED ADR 055622104 63617 948234 SH SOLE 948234 0 0 BROOKS AUTOMATION INC COM 114340102 1395 96850 SH SOLE 96850 0 0 BRUSH ENGINEERED MATLS INC COM 117421107 4896 144992 SH SOLE 144992 0 0 C D W CORP COM 12512N105 2925 41600 SH SOLE 41600 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 10686 375200 SH SOLE 375200 0 0 CADBURY SCHWEPPES PLC ADR 127209302 6543 152400 SH SOLE 152400 0 0 CAL DIVE INTL INC NOTE 3.250%12/1 127914AB5 4468 3525000 PRN SOLE 3525000 0 0 CAMBREX CORP COM 132011107 1120 49295 SH SOLE 49295 0 0 CANON INC ADR 138006309 5364 94841 SH SOLE 94841 0 0 CAPITAL ONE FINL CORP COM 14040H105 39476 513875 SH SOLE 513875 0 0 CAPITALSOURCE INC COM 14055X102 9122 334000 SH SOLE 334000 0 0 CARAUSTAR INDS INC COM 140909102 1559 192700 SH SOLE 192700 0 0 CAREMARK RX INC COM 141705103 44045 771225 SH SOLE 771225 0 0 CARMIKE CINEMAS INC COM 143436400 1472 72170 SH SOLE 72170 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 1815 17700 SH SOLE 17700 0 0 CASH AMER INTL INC COM 14754D100 8448 180120 SH SOLE 180120 0 0 CATERPILLAR INC DEL COM 149123101 35640 581125 SH SOLE 581125 0 0 CELADON GROUP INC COM 150838100 3745 223530 SH SOLE 223530 0 0 CELANESE CORP DEL PFD 4.25% CONV 150870202 25204 700106 SH SOLE 700106 0 0 CELGENE CORP COM 151020104 2819 49000 SH SOLE 49000 0 0 CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 7123 4505000 PRN SOLE 4505000 0 0 CEPHALON INC COM 156708109 8337 118400 SH SOLE 118400 0 0 CERADYNE INC COM 156710105 9031 159839 SH SOLE 159839 0 0 CHARLOTTE RUSSE HLDG INC COM 161048103 4175 135774 SH SOLE 135774 0 0 CHATTEM INC COM 162456107 5952 118867 SH SOLE 118867 0 0 CHEMTURA CORP COM 163893100 19638 2039324 SH SOLE 2039324 0 0 CHESAPEAKE CORP COM 165159104 1128 66250 SH SOLE 66250 0 0 CHEVRON CORP NEW COM 166764100 67351 915968 SH SOLE 915968 0 0 CHILDRENS PL RETAIL STORES I COM 168905107 9068 142751 SH SOLE 142751 0 0 CHURCH & DWIGHT INC DBCV 5.250% 8/1 171340AC6 19807 13688000 PRN SOLE 13688000 0 0 CIENA CORP NOTE 3.750% 2/0 171779AA9 72907 79270000 PRN SOLE 79270000 0 0 CISCO SYS INC COM 17275R102 51844 1896950 SH SOLE 1896950 0 0 CITIGROUP FDG INC NOTE 0.500% 2/0 17308CDA1 14403 15680000 PRN SOLE 15680000 0 0 CITIGROUP INC COM 172967101 142439 2557242 SH SOLE 2557242 0 0 CITIZENS BKG CORP MICH COM 174420109 1330 50200 SH SOLE 50200 0 0 COACH INC COM 189754104 107210 2495575 SH SOLE 2495575 0 0 COEUR D ALENE MINES CORP IDA NOTE 1.250% 1/1 192108AQ1 5850 6145000 PRN SOLE 6145000 0 0 COHEN & STEERS INC COM 19247A100 1607 40000 SH SOLE 40000 0 0 COLDWATER CREEK INC COM 193068103 3961 161535 SH SOLE 161535 0 0 COMCAST CORP NEW CL A 20030N101 96333 2275753 SH SOLE 2275753 0 0 COMMERCIAL METALS CO COM 201723103 8545 331200 SH SOLE 331200 0 0 COMPASS BANCSHARES INC COM 20449H109 19532 327447 SH SOLE 327447 0 0 COMPUTER SCIENCES CORP COM 205363104 39604 742048 SH SOLE 742048 0 0 COMSTOCK RES INC COM NEW 205768203 1373 44200 SH SOLE 44200 0 0 CONMED CORP COM 207410101 1106 47825 SH SOLE 47825 0 0 CONOCOPHILLIPS COM 20825C104 58522 813368 SH SOLE 813368 0 0 CONSECO INC DBCV 3.500% 9/3 208464BH9 31128 31060000 PRN SOLE 31060000 0 0 CONSOL ENERGY INC COM 20854P109 945 29400 SH SOLE 29400 0 0 COOPER CAMERON CORP DBCV 1.500% 5/1 216640AE2 52991 32848000 PRN SOLE 32848000 0 0 COOPER TIRE & RUBR CO COM 216831107 904 63200 SH SOLE 63200 0 0 COPANO ENERGY L L C COM UNITS 217202100 1121 18800 SH SOLE 18800 0 0 CORNING INC COM 219350105 60156 3215200 SH SOLE 3215200 0 0 COST PLUS INC CALIF COM 221485105 1617 157000 SH SOLE 157000 0 0 COSTCO COMPANIES INC NOTE 8/1 22160QAC6 41838 34670000 PRN SOLE 34670000 0 0 COVANCE INC COM 222816100 5938 100800 SH SOLE 100800 0 0 COVENTRY HEALTH CARE INC COM 222862104 45358 906254 SH SOLE 906254 0 0 COWEN GROUP INC COM 223621103 1148 54300 SH SOLE 54300 0 0 CRA INTL INC COM 12618T105 6270 119654 SH SOLE 119654 0 0 CSS INDS INC COM 125906107 1341 37900 SH SOLE 37900 0 0 CSX CORP COM 126408103 25002 726160 SH SOLE 726160 0 0 CTS CORP COM 126501105 966 61500 SH SOLE 61500 0 0 CULLEN FROST BANKERS INC COM 229899109 1370 24535 SH SOLE 24535 0 0 CVB FINL CORP COM 126600105 1342 92800 SH SOLE 92800 0 0 CVS CORP COM 126650100 43486 1406837 SH SOLE 1406837 0 0 CYMER INC COM 232572107 3637 82772 SH SOLE 82772 0 0 CYTYC CORP COM 232946103 18319 647300 SH SOLE 647300 0 0 DADE BEHRING HLDGS INC COM 23342J206 7775 195305 SH SOLE 195305 0 0 DAKTRONICS INC COM 234264109 1938 52595 SH SOLE 52595 0 0 DANAHER CORP DEL COM 235851102 82440 1138050 SH SOLE 1138050 0 0 DAVITA INC COM 23918K108 11359 199700 SH SOLE 199700 0 0 DAWSON GEOPHYSICAL CO COM 239359102 4251 116667 SH SOLE 116667 0 0 DCT INDUSTRIAL TRUST INC COM 233153105 1770 150000 SH SOLE 150000 0 0 DEVON ENERGY CORP NEW DEB 4.900% 8/1 25179MAA1 14148 10185000 PRN SOLE 10185000 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 10372 130800 SH SOLE 130800 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 45396 567878 SH SOLE 567878 0 0 DIAMOND OFFSHORE DRILLING IN DBCV 1.500% 4/1 25271CAE2 39712 24225000 PRN SOLE 24225000 0 0 DICKS SPORTING GOODS INC COM 253393102 3008 61400 SH SOLE 61400 0 0 DIGITAS INC COM 25388K104 3673 273864 SH SOLE 273864 0 0 DIODES INC COM 254543101 13595 383167 SH SOLE 383167 0 0 DIODES INC NOTE 2.250%10/0 254543AA9 5826 6098000 PRN SOLE 6098000 0 0 DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 57179 46784000 PRN SOLE 46784000 0 0 DOUGLAS EMMETT INC COM 25960P109 5318 200000 SH SOLE 200000 0 0 DOVER CORP COM 260003108 3795 77425 SH SOLE 77425 0 0 DRESSER-RAND GROUP INC COM 261608103 5523 225684 SH SOLE 225684 0 0 DRS TECHNOLOGIES INC COM 23330X100 2048 38870 SH SOLE 38870 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 68522 1406725 SH SOLE 1406725 0 0 DUKE ENERGY CORP NEW COM 26441C105 19180 577530 SH SOLE 577530 0 0 E M C CORP MASS COM 268648102 56299 4265050 SH SOLE 4265050 0 0 EDISON INTL COM 281020107 30514 670917 SH SOLE 670917 0 0 ELECTRONIC DATA SYS NEW NOTE 3.875% 7/1 285661AF1 21835 20456000 PRN SOLE 20456000 0 0 EMULEX CORP COM NEW 292475209 18959 971745 SH SOLE 971745 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 5599 203000 SH SOLE 203000 0 0 ENERGY EAST CORP COM 29266M109 14183 571893 SH SOLE 571893 0 0 ENI S P A SPONSORED ADR 26874R108 4649 69112 SH SOLE 69112 0 0 ENPRO INDS INC COM 29355X107 937 28200 SH SOLE 28200 0 0 ENSCO INTL INC COM 26874Q100 77930 1556733 SH SOLE 1556733 0 0 ENTERGY CORP NEW COM 29364G103 21757 235671 SH SOLE 235671 0 0 EPICOR SOFTWARE CORP COM 29426L108 2487 184100 SH SOLE 184100 0 0 ERICSSON L M TEL CO ADR B SEK 10 294821608 33287 828250 SH SOLE 828250 0 0 ESSEX CORP COM 296744105 1205 50400 SH SOLE 50400 0 0 EURONET WORLDWIDE INC COM 298736109 858 28900 SH SOLE 28900 0 0 EXXON MOBIL CORP COM 30231G102 90526 1181330 SH SOLE 1181330 0 0 F5 NETWORKS INC COM 315616102 801 10800 SH SOLE 10800 0 0 FACTSET RESH SYS INC COM 303075105 27462 486223 SH SOLE 486223 0 0 FAIRPOINT COMMUNICATIONS INC COM 305560104 1025 54100 SH SOLE 54100 0 0 FEDEX CORP COM 31428X106 68186 627750 SH SOLE 627750 0 0 FELCOR LODGING TR INC COM 31430F101 1339 61300 SH SOLE 61300 0 0 FIRST CASH FINL SVCS INC COM 31942D107 5114 197694 SH SOLE 197694 0 0 FIRST MERCHANTS CORP COM 320817109 1376 50600 SH SOLE 50600 0 0 FIRSTENERGY CORP COM 337932107 25966 430600 SH SOLE 430600 0 0 FISHER SCIENTIFIC INTL INC NOTE 2.500%10/0 338032AW5 20796 10455000 PRN SOLE 10455000 0 0 FISHER SCIENTIFIC INTL INC NOTE 3.250% 3/0 338032AX3 32501 25039000 PRN SOLE 25039000 0 0 FLIR SYS INC COM 302445101 5306 166694 SH SOLE 166694 0 0 FLUOR CORP NEW COM 343412102 9553 117000 SH SOLE 117000 0 0 FNB CORP PA COM 302520101 1376 75300 SH SOLE 75300 0 0 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 11281 329247 SH SOLE 329247 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 1127 150000 SH SOLE 150000 0 0 FOREST LABS INC COM 345838106 21189 418749 SH SOLE 418749 0 0 GAMESTOP CORP NEW CL A 36467W109 6115 110957 SH SOLE 110957 0 0 GANNETT INC COM 364730101 56277 930818 SH SOLE 930818 0 0 GAP INC DEL COM 364760108 50090 2568689 SH SOLE 2568689 0 0 GARMIN LTD ORD G37260109 6740 121100 SH SOLE 121100 0 0 GEN-PROBE INC NEW COM 36866T103 6415 122499 SH SOLE 122499 0 0 GENENTECH INC COM NEW 368710406 53832 663525 SH SOLE 663525 0 0 GENERAL ELECTRIC CO COM 369604103 82406 2214625 SH SOLE 2214625 0 0 GENERAL GROWTH PPTYS INC COM 370021107 15275 292448 SH SOLE 292448 0 0 GENERAL MLS INC COM 370334104 61563 1068788 SH SOLE 1068788 0 0 GENERAL MTRS CORP DEB SR CONV B 370442733 8707 410000 SH SOLE 410000 0 0 GENLYTE GROUP INC COM 372302109 11779 150805 SH SOLE 150805 0 0 GENWORTH FINL INC COM CL A 37247D106 92586 2706407 SH SOLE 2706407 0 0 GETTY IMAGES INC COM 374276103 21516 502485 SH SOLE 502485 0 0 GIANT INDS INC COM 374508109 5213 69551 SH SOLE 69551 0 0 GILEAD SCIENCES INC COM 375558103 66170 1019100 SH SOLE 1019100 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 27116 514236 SH SOLE 514236 0 0 GLOBAL PMTS INC COM 37940X102 8723 188400 SH SOLE 188400 0 0 GLOBALSANTAFE CORP SHS G3930E101 16734 284696 SH SOLE 284696 0 0 GLOBIX CORP COM NEW 37957F200 33946 11283005 SH SOLE 11283005 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 38202 191632 SH SOLE 191632 0 0 GRAFTECH INTL LTD COM 384313102 1452 209848 SH SOLE 209848 0 0 GRAINGER W W INC COM 384802104 37853 541225 SH SOLE 541225 0 0 GRANT PRIDECO INC COM 38821G101 2044 51400 SH SOLE 51400 0 0 GSI GROUP INC CDA COM 36229U102 835 86200 SH SOLE 86200 0 0 GUESS INC COM 401617105 3863 60900 SH SOLE 60900 0 0 GUITAR CTR MGMT INC COM 402040109 7281 160172 SH SOLE 160172 0 0 GULF ISLAND FABRICATION INC COM 402307102 3677 99661 SH SOLE 99661 0 0 GULFMARK OFFSHORE INC COM 402629109 4099 109554 SH SOLE 109554 0 0 GYMBOREE CORP COM 403777105 4024 105442 SH SOLE 105442 0 0 HANGER ORTHOPEDIC GROUP INC COM NEW 41043F208 794 105400 SH SOLE 105400 0 0 HANOVER INS GROUP INC COM 410867105 4763 97600 SH SOLE 97600 0 0 HARLEY DAVIDSON INC COM 412822108 61547 873375 SH SOLE 873375 0 0 HARMAN INTL INDS INC COM 413086109 51201 512475 SH SOLE 512475 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 52906 566989 SH SOLE 566989 0 0 HEALTH MGMT ASSOC INC NEW NOTE 4.375% 8/0 421933AF9 9263 9070000 PRN SOLE 9070000 0 0 HEALTH NET INC COM 42222G108 14048 288700 SH SOLE 288700 0 0 HEALTHSPRING INC COM 42224N101 4199 206344 SH SOLE 206344 0 0 HEALTHTRONICS INC COM 42222L107 903 135625 SH SOLE 135625 0 0 HEALTHWAYS INC COM 422245100 6204 130030 SH SOLE 130030 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 9628 306914 SH SOLE 306914 0 0 HESS CORP COM 42809H107 25120 506756 SH SOLE 506756 0 0 HEWLETT PACKARD CO NOTE 10/1 428236AC7 7965 10969000 PRN SOLE 10969000 0 0 HIBBETT SPORTING GOODS INC COM 428565105 7019 229900 SH SOLE 229900 0 0 HIGHWOODS PPTYS INC COM 431284108 18754 460097 SH SOLE 460097 0 0 HILTON HOTELS CORP NOTE 3.375% 4/1 432848AZ2 59098 37297000 PRN SOLE 37297000 0 0 HITTITE MICROWAVE CORP COM 43365Y104 3728 115365 SH SOLE 115365 0 0 HOLLY CORP COM PAR $0.01 435758305 4532 88168 SH SOLE 88168 0 0 HOLOGIC INC COM 436440101 1759 37200 SH SOLE 37200 0 0 HOME DEPOT INC COM 437076102 60457 1505407 SH SOLE 1505407 0 0 HONEYWELL INTL INC COM 438516106 49632 1097074 SH SOLE 1097074 0 0 HOOPER HOLMES INC COM 439104100 1284 388030 SH SOLE 388030 0 0 HORIZON OFFSHORE INC COM NEW 44043J204 1367 83880 SH SOLE 83880 0 0 HORNBECK OFFSHORE SVCS INC N COM 440543106 3991 111778 SH SOLE 111778 0 0 HOT TOPIC INC COM 441339108 1408 105550 SH SOLE 105550 0 0 HOUSTON WIRE & CABLE CO COM 44244K109 1245 59558 SH SOLE 59558 0 0 HUTCHINSON TECHNOLOGY INC COM 448407106 497 21100 SH SOLE 21100 0 0 HYDRIL COM 448774109 4500 59843 SH SOLE 59843 0 0 HYPERION SOLUTIONS CORP COM 44914M104 2107 58621 SH SOLE 58621 0 0 II VI INC COM 902104108 4573 163673 SH SOLE 163673 0 0 IMMUCOR INC COM 452526106 11160 381831 SH SOLE 381831 0 0 INDEPENDENT BANK CORP MASS COM 453836108 1416 39300 SH SOLE 39300 0 0 INPUT/OUTPUT INC COM 457652105 2119 155500 SH SOLE 155500 0 0 INTEGRA LIFESCIENCES HLDGS C COM NEW 457985208 2873 67447 SH SOLE 67447 0 0 INTEL CORP COM 458140100 96457 4763277 SH SOLE 4763277 0 0 INTEL CORP SDCV 2.950%12/1 458140AD2 20802 22834000 PRN SOLE 22834000 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 11189 103700 SH SOLE 103700 0 0 INTERFACE INC CL A 458665106 3910 274979 SH SOLE 274979 0 0 INTERLINE BRANDS INC COM 458743101 3957 176086 SH SOLE 176086 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 36807 378870 SH SOLE 378870 0 0 INTERPUBLIC GROUP COS INC NOTE 4.500% 3/1 460690AT7 14375 12066000 PRN SOLE 12066000 0 0 INVENTIV HEALTH INC COM 46122E105 8753 247625 SH SOLE 247625 0 0 IOWA TELECOMM SERVICES INC COM 462594201 1060 53800 SH SOLE 53800 0 0 IRWIN FINL CORP COM 464119106 1395 61660 SH SOLE 61660 0 0 ISHARES TR MSCI EAFE IDX 464287465 531 7250 SH SOLE 7250 0 0 ISHARES TR RUSSELL 3000 464287689 485 5911 SH SOLE 5911 0 0 ISHARES TR RUSSELL MCP VL 464287473 32661 223044 SH SOLE 223044 0 0 ISHARES TR RUSSELL1000VAL 464287598 31288 378729 SH SOLE 378729 0 0 ITRON INC COM 465741106 7156 138033 SH SOLE 138033 0 0 J2 GLOBAL COMMUNICATIONS INC COM NEW 46626E205 14418 529119 SH SOLE 529119 0 0 JARDEN CORP COM 471109108 8801 252989 SH SOLE 252989 0 0 JEFFERIES GROUP INC NEW COM 472319102 9207 343292 SH SOLE 343292 0 0 JOHNSON & JOHNSON COM 478160104 115040 1742506 SH SOLE 1742506 0 0 JOURNAL COMMUNICATIONS INC CL A 481130102 1425 113000 SH SOLE 113000 0 0 JOURNAL REGISTER CO COM 481138105 1422 194740 SH SOLE 194740 0 0 JOY GLOBAL INC COM 481165108 11658 241175 SH SOLE 241175 0 0 JP MORGAN CHASE & CO COM 46625H100 102438 2120881 SH SOLE 2120881 0 0 KADANT INC COM 48282T104 2189 89790 SH SOLE 89790 0 0 KELLY SVCS INC CL A 488152208 1276 44100 SH SOLE 44100 0 0 KEYCORP NEW COM 493267108 26665 701154 SH SOLE 701154 0 0 KIMBERLY CLARK CORP COM 494368103 27083 398583 SH SOLE 398583 0 0 KIRBY CORP COM 497266106 9137 267721 SH SOLE 267721 0 0 KITE RLTY GROUP TR COM 49803T102 1326 71200 SH SOLE 71200 0 0 KNIGHT TRANSN INC COM 499064103 2371 139070 SH SOLE 139070 0 0 KNOLL INC COM NEW 498904200 4400 200012 SH SOLE 200012 0 0 KOHLS CORP COM 500255104 78674 1149700 SH SOLE 1149700 0 0 KOPPERS HOLDINGS INC COM 50060P106 667 25575 SH SOLE 25575 0 0 KROGER CO COM 501044101 79899 3463303 SH SOLE 3463303 0 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 19373 18315000 PRN SOLE 18315000 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 65688 803225 SH SOLE 803225 0 0 LA Z BOY INC COM 505336107 1344 113228 SH SOLE 113228 0 0 LAS VEGAS SANDS CORP COM 517834107 10371 115900 SH SOLE 115900 0 0 LAYNE CHRISTENSEN CO COM 521050104 1083 33000 SH SOLE 33000 0 0 LEHMAN BROS HLDGS INC COM 524908100 41187 527225 SH SOLE 527225 0 0 LENNOX INTL INC COM 526107107 5687 185800 SH SOLE 185800 0 0 LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 33585 33457000 PRN SOLE 33457000 0 0 LIFECELL CORP COM 531927101 2792 115642 SH SOLE 115642 0 0 LINEAR TECHNOLOGY CORP COM 535678106 16732 551850 SH SOLE 551850 0 0 LLOYDS TSB GROUP PLC SPONSORED ADR 539439109 6235 137575 SH SOLE 137575 0 0 LOGITECH INTL S A SHS H50430232 33534 1172940 SH SOLE 1172940 0 0 LORAL SPACE & COMMUNICATNS L COM 543881106 46658 1086189 SH SOLE 1086189 0 0 LOWES COS INC NOTE 0.861%10/1 548661CG0 4312 3965000 PRN SOLE 3965000 0 0 LOWES COS INC COM 548661107 63569 2040746 SH SOLE 2040746 0 0 LUCENT TECHNOLOGIES INC SDCV 8.000% 8/0 549463AK3 42215 41443000 PRN SOLE 41443000 0 0 LUMINENT MTG CAP INC COM 550278303 1132 116600 SH SOLE 116600 0 0 LYDALL INC DEL COM 550819106 1342 124135 SH SOLE 124135 0 0 MACROVISION CORP COM 555904101 2275 80500 SH SOLE 80500 0 0 MANNKIND CORP COM 56400P201 7178 435300 SH SOLE 435300 0 0 MARSHALL & ILSLEY CORP COM 571834100 27185 565055 SH SOLE 565055 0 0 MATRIA HEALTHCARE INC COM NEW 576817209 4103 142806 SH SOLE 142806 0 0 MCDERMOTT INTL INC COM 580037109 7855 154450 SH SOLE 154450 0 0 MCGRAW HILL COS INC COM 580645109 2442 35900 SH SOLE 35900 0 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 30671 28589000 PRN SOLE 28589000 0 0 MEMC ELECTR MATLS INC COM 552715104 13777 352000 SH SOLE 352000 0 0 MENTOR GRAPHICS CORP COM 587200106 5120 283991 SH SOLE 283991 0 0 MERCANTILE BANK CORP COM 587376104 1441 38217 SH SOLE 38217 0 0 MERITAGE HOMES CORP COM 59001A102 2852 59762 SH SOLE 59762 0 0 MERRILL LYNCH & CO INC NOTE 3/1 590188W46 3713 2799000 PRN SOLE 2799000 0 0 MERRILL LYNCH & CO INC COM 590188108 51009 547894 SH SOLE 547894 0 0 MESABI TR CTF BEN INT 590672101 870 31400 SH SOLE 31400 0 0 MICROS SYS INC COM 594901100 9745 184915 SH SOLE 184915 0 0 MICROSOFT CORP COM 594918104 146869 4918603 SH SOLE 4918603 0 0 MOBILE MINI INC COM 60740F105 6472 240227 SH SOLE 240227 0 0 MOLEX INC CL A 608554200 18414 664770 SH SOLE 664770 0 0 MORGAN STANLEY COM NEW 617446448 103009 1265005 SH SOLE 1265005 0 0 MORTONS RESTAURANT GRP INC N COM 619430101 964 57900 SH SOLE 57900 0 0 MOTOROLA INC COM 620076109 119327 5803798 SH SOLE 5803798 0 0 NARA BANCORP INC COM 63080P105 1391 66500 SH SOLE 66500 0 0 NASDAQ STOCK MARKET INC COM 631103108 11494 373300 SH SOLE 373300 0 0 NATIONAL FUEL GAS CO N J COM 636180101 4625 120000 SH SOLE 120000 0 0 NATIONAL OILWELL VARCO INC COM 637071101 12542 205000 SH SOLE 205000 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 50659 2231675 SH SOLE 2231675 0 0 NEKTAR THERAPEUTICS COM 640268108 3944 259293 SH SOLE 259293 0 0 NEWFIELD EXPL CO COM 651290108 13753 299300 SH SOLE 299300 0 0 NEWS CORP CL A 65248E104 49038 2282975 SH SOLE 2282975 0 0 NEXSTAR BROADCASTING GROUP I CL A 65336K103 1494 324675 SH SOLE 324675 0 0 NII HLDGS INC NOTE 2.750% 8/1 62913FAF9 21954 15114000 PRN SOLE 15114000 0 0 NIKE INC CL B 654106103 49310 497925 SH SOLE 497925 0 0 NOKIA CORP SPONSORED ADR 654902204 47758 2351386 SH SOLE 2351386 0 0 NORFOLK SOUTHERN CORP COM 655844108 48408 962575 SH SOLE 962575 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 133370138299000 PRN SOLE 138299000 0 0 NORTHROP GRUMMAN CORP COM 666807102 26392 389839 SH SOLE 389839 0 0 NORTHSTAR RLTY FIN CORP COM 66704R100 1077 65000 SH SOLE 65000 0 0 NOVARTIS A G SPONSORED ADR 66987V109 37115 646372 SH SOLE 646372 0 0 NOVATEL INC COM 669954109 4159 104229 SH SOLE 104229 0 0 NRG ENERGY INC PFD CONV MAND 629377870 22616 84048 SH SOLE 84048 0 0 NTL INC DEL COM 62941W101 8307 329133 SH SOLE 329133 0 0 NUTRI SYS INC NEW COM 67069D108 1109 17500 SH SOLE 17500 0 0 O CHARLEYS INC COM 670823103 1245 58500 SH SOLE 58500 0 0 OLIN CORP COM PAR $1 680665205 10775 652237 SH SOLE 652237 0 0 OMNICOM GROUP INC COM 681919106 59204 566325 SH SOLE 566325 0 0 OMNICOM GROUP INC NOTE 2/0 681919AK2 10321 9945000 PRN SOLE 9945000 0 0 OMNOVA SOLUTIONS INC COM 682129101 1366 298335 SH SOLE 298335 0 0 OPTIONSXPRESS HLDGS INC COM 684010101 3444 151800 SH SOLE 151800 0 0 OREGON STL MLS INC COM 686079104 11652 186700 SH SOLE 186700 0 0 OSHKOSH TRUCK CORP COM 688239201 11800 243700 SH SOLE 243700 0 0 OWENS ILL INC COM NEW 690768403 14219 770673 SH SOLE 770673 0 0 PAREXEL INTL CORP COM 699462107 4245 146525 SH SOLE 146525 0 0 PARTNERRE LTD COM G6852T105 23505 330913 SH SOLE 330913 0 0 PEABODY ENERGY CORP COM 704549104 43284 1071125 SH SOLE 1071125 0 0 PENN NATL GAMING INC COM 707569109 14139 339723 SH SOLE 339723 0 0 PENTAIR INC COM 709631105 37675 1199842 SH SOLE 1199842 0 0 PEPSICO INC COM 713448108 59211 946614 SH SOLE 946614 0 0 PFIZER INC COM 717081103 77935 3009087 SH SOLE 3009087 0 0 PG&E CORP COM 69331C108 17850 377136 SH SOLE 377136 0 0 PG&E CORP NOTE 9.500% 6/3 69331CAD0 10438 3060000 PRN SOLE 3060000 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 9089 282100 SH SOLE 282100 0 0 PHELPS DODGE CORP COM 717265102 2083 17400 SH SOLE 17400 0 0 PHILLIPS VAN HEUSEN CORP COM 718592108 23657 471532 SH SOLE 471532 0 0 PHOENIX COS INC NEW COM 71902E109 1174 73900 SH SOLE 73900 0 0 PHOTRONICS INC COM 719405102 861 52700 SH SOLE 52700 0 0 PINNACLE AIRL CORP COM 723443107 1147 68100 SH SOLE 68100 0 0 PITNEY BOWES INC COM 724479100 25973 562304 SH SOLE 562304 0 0 PLAYBOY ENTERPRISES INC CL B 728117300 810 70700 SH SOLE 70700 0 0 PMI GROUP INC COM 69344M101 100250 2125293 SH SOLE 2125293 0 0 PNC FINL SVCS GROUP INC COM 693475105 77606 1048163 SH SOLE 1048163 0 0 POLARIS INDS INC COM 731068102 1302 27800 SH SOLE 27800 0 0 POLYONE CORP COM 73179P106 138 18400 SH SOLE 18400 0 0 PPL CORP COM 69351T106 23973 668907 SH SOLE 668907 0 0 PRAXAIR INC COM 74005P104 79317 1336875 SH SOLE 1336875 0 0 PRECISION CASTPARTS CORP COM 740189105 26709 341200 SH SOLE 341200 0 0 PREMIERE GLOBAL SVCS INC COM 740585104 3090 327350 SH SOLE 327350 0 0 PRIDE INTL INC DEL NOTE 3.250% 5/0 74153QAD4 21915 17343000 PRN SOLE 17343000 0 0 PRIDE INTL INC DEL COM 74153Q102 6441 214627 SH SOLE 214627 0 0 PROCTER & GAMBLE CO COM 742718109 360 5600 SH SOLE 5600 0 0 PROGENICS PHARMACEUTICALS IN COM 743187106 1896 73652 SH SOLE 73652 0 0 PROGRESS SOFTWARE CORP COM 743312100 2103 75300 SH SOLE 75300 0 0 PRUDENTIAL FINL INC COM 744320102 98484 1147039 SH SOLE 1147039 0 0 QLOGIC CORP COM 747277101 6944 316800 SH SOLE 316800 0 0 QUADRAMED CORP COM 74730W101 15489 5227709 SH SOLE 5227709 0 0 QUALITY DISTR INC FLA COM 74756M102 1299 97485 SH SOLE 97485 0 0 QUANTA SVCS INC COM 74762E102 7538 383214 SH SOLE 383214 0 0 QUEST DIAGNOSTICS INC COM 74834L100 89846 1695221 SH SOLE 1695221 0 0 RAYTHEON CO COM NEW 755111507 24557 465097 SH SOLE 465097 0 0 RBC BEARINGS INC COM 75524B104 5608 195671 SH SOLE 195671 0 0 REALOGY CORP COM 75605E100 3261 107550 SH SOLE 107550 0 0 REGAL BELOIT CORP COM 758750103 1271 24200 SH SOLE 24200 0 0 RESEARCH IN MOTION LTD COM 760975102 25927 202900 SH SOLE 202900 0 0 RESPIRONICS INC COM 761230101 2707 71700 SH SOLE 71700 0 0 ROGERS CORP COM 775133101 3764 63644 SH SOLE 63644 0 0 ROPER INDS INC NEW COM 776696106 16187 322200 SH SOLE 322200 0 0 ROWAN COS INC COM 779382100 69616 2096875 SH SOLE 2096875 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 9607 135825 SH SOLE 135825 0 0 RYANAIR HLDGS PLC SPONSORED ADR 783513104 23034 282624 SH SOLE 282624 0 0 S & T BANCORP INC COM 783859101 1375 39647 SH SOLE 39647 0 0 SAFECO CORP COM 786429100 21445 342840 SH SOLE 342840 0 0 SAFENET INC COM 78645R107 1373 57365 SH SOLE 57365 0 0 SCHEIN HENRY INC NOTE 3.000% 8/1 806407AB8 21901 18036000 PRN SOLE 18036000 0 0 SCHEIN HENRY INC COM 806407102 9316 190200 SH SOLE 190200 0 0 SCHERING PLOUGH CORP PFD CONV MAND 806605606 16430 288798 SH SOLE 288798 0 0 SCHLUMBERGER LTD DBCV 1.500% 6/0 806857AC2 70007 39522000 PRN SOLE 39522000 0 0 SCIELE PHARMA INC COM 808627103 4205 175200 SH SOLE 175200 0 0 SCIENTIFIC GAMES CORP CL A 80874P109 2403 79500 SH SOLE 79500 0 0 SCOTTS MIRACLE GRO CO CL A 810186106 9829 190300 SH SOLE 190300 0 0 SEMCO ENERGY INC COM 78412D109 1360 222980 SH SOLE 222980 0 0 SEPRACOR INC NOTE 10/1 817315AW4 18340 16941000 PRN SOLE 16941000 0 0 SHOE CARNIVAL INC COM 824889109 999 31600 SH SOLE 31600 0 0 SIERRA HEALTH SVCS INC COM 826322109 13197 366173 SH SOLE 366173 0 0 SIMPLETECH INC COM 828823104 4577 360924 SH SOLE 360924 0 0 SINCLAIR BROADCAST GROUP INC CL A 829226109 1031 98200 SH SOLE 98200 0 0 SIRIUS SATELLITE RADIO INC NOTE 2.500% 2/1 82966UAC7 8445 8120000 PRN SOLE 8120000 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 3924 554300 SH SOLE 554300 0 0 SMUCKER J M CO COM NEW 832696405 2760 56937 SH SOLE 56937 0 0 SOVEREIGN BANCORP INC COM 845905108 26186 1031335 SH SOLE 1031335 0 0 SPANSION INC COM CL A 84649R101 856 57600 SH SOLE 57600 0 0 SPDR TR UNIT SER 1 78462F103 11293 79700 SH SOLE 79700 0 0 SPECTRUM BRANDS INC COM 84762L105 1262 115810 SH SOLE 115810 0 0 SPRINT NEXTEL CORP COM FON 852061100 38774 2052620 SH SOLE 2052620 0 0 STAR GAS PARTNERS L P UNIT LTD PARTNR 85512C105 30560 8538240 SH SOLE 8538240 0 0 STARBUCKS CORP COM 855244109 556 15700 SH SOLE 15700 0 0 STATION CASINOS INC COM 857689103 1478 18100 SH SOLE 18100 0 0 STEEL DYNAMICS INC COM 858119100 1032 31800 SH SOLE 31800 0 0 STEIN MART INC COM 858375108 800 60300 SH SOLE 60300 0 0 STEWART ENTERPRISES INC CL A 860370105 1361 217680 SH SOLE 217680 0 0 STEWART INFORMATION SVCS COR COM 860372101 1322 30500 SH SOLE 30500 0 0 STIFEL FINL CORP COM 860630102 977 24900 SH SOLE 24900 0 0 STRIDE RITE CORP COM 863314100 1114 73900 SH SOLE 73900 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 3366 103000 SH SOLE 103000 0 0 SUPERTEX INC COM 868532102 3909 99600 SH SOLE 99600 0 0 SUPERVALU INC NOTE 11/0 868536AP8 5401 15000000 PRN SOLE 15000000 0 0 SYKES ENTERPRISES INC COM 871237103 4350 246592 SH SOLE 246592 0 0 TARGET CORP COM 87612E106 63719 1116900 SH SOLE 1116900 0 0 TEMPLE INLAND INC COM 879868107 15331 333067 SH SOLE 333067 0 0 TEMPUR PEDIC INTL INC COM 88023U101 4106 200700 SH SOLE 200700 0 0 TEREX CORP NEW COM 880779103 30187 467431 SH SOLE 467431 0 0 TESORO CORP COM 881609101 13075 198800 SH SOLE 198800 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 7453 184765 SH SOLE 184765 0 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 9979 390115 SH SOLE 390115 0 0 TEVA PHARMACEUTICAL FIN II L DBCV 0.250% 2/0 88164RAB3 30689 31444000 PRN SOLE 31444000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 57520 1852434 SH SOLE 1852434 0 0 TEVA PHARMACEUTICALS FIN B V DBCV 0.375%11/1 88164MAB4 7990 5503000 PRN SOLE 5503000 0 0 TEXAS INSTRS INC COM 882508104 35085 1218210 SH SOLE 1218210 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 104298 2302900 SH SOLE 2302900 0 0 TIBCO SOFTWARE INC COM 88632Q103 2956 313100 SH SOLE 313100 0 0 TIDEWATER INC COM 886423102 7051 145800 SH SOLE 145800 0 0 TIME WARNER INC COM 887317105 24560 1127647 SH SOLE 1127647 0 0 TIME WARNER TELECOM INC DBCV 2.375% 4/0 887319AC5 6123 4850000 PRN SOLE 4850000 0 0 TIMKEN CO COM 887389104 10935 374761 SH SOLE 374761 0 0 TJX COS INC NEW COM 872540109 4823 169125 SH SOLE 169125 0 0 TODCO COM 88889T107 3277 95905 SH SOLE 95905 0 0 TOWER GROUP INC COM 891777104 5871 188985 SH SOLE 188985 0 0 TRANSOCEAN INC ORD G90078109 111257 1375410 SH SOLE 1375410 0 0 TRANSOCEAN SEDCO FOREX INC DBCV 1.500% 5/1 893830AD1 6667 5680000 PRN SOLE 5680000 0 0 TRAVELZOO INC COM 89421Q106 3982 132968 SH SOLE 132968 0 0 TRIBUNE CO NEW COM 896047107 52198 1695845 SH SOLE 1695845 0 0 TRIDENT MICROSYSTEMS INC COM 895919108 9252 508897 SH SOLE 508897 0 0 TRIMBLE NAVIGATION LTD COM 896239100 9879 194743 SH SOLE 194743 0 0 TRONOX INC CL A 897051108 795 49700 SH SOLE 49700 0 0 TRUSTCO BK CORP N Y COM 898349105 1331 119700 SH SOLE 119700 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 28957 1119305 SH SOLE 1119305 0 0 TWEEN BRANDS INC COM 901166108 3885 97300 SH SOLE 97300 0 0 UNION DRILLING INC COM 90653P105 725 51500 SH SOLE 51500 0 0 UNITED AMER INDEMNITY LTD CL A 90933T109 1165 46000 SH SOLE 46000 0 0 UNITED ONLINE INC COM 911268100 817 61500 SH SOLE 61500 0 0 UNITED TECHNOLOGIES CORP COM 913017109 73381 1173725 SH SOLE 1173725 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 3175 58400 SH SOLE 58400 0 0 UNITEDHEALTH GROUP INC COM 91324P102 47322 880739 SH SOLE 880739 0 0 UNIVERSAL HLTH SVCS INC CL B 913903100 12988 234320 SH SOLE 234320 0 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 663 19800 SH SOLE 19800 0 0 US BANCORP DEL COM NEW 902973304 41924 1158458 SH SOLE 1158458 0 0 VALERO ENERGY CORP NEW COM 91913Y100 27320 534004 SH SOLE 534004 0 0 VARIAN MED SYS INC COM 92220P105 12416 261000 SH SOLE 261000 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 2051 45050 SH SOLE 45050 0 0 VERIZON COMMUNICATIONS COM 92343V104 46882 1258924 SH SOLE 1258924 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 54288 1954908 SH SOLE 1954908 0 0 W-H ENERGY SVCS INC COM 92925E108 4314 88600 SH SOLE 88600 0 0 WABASH NATL CORP COM 929566107 920 60900 SH SOLE 60900 0 0 WABTEC CORP COM 929740108 9212 303207 SH SOLE 303207 0 0 WACHOVIA CORP 2ND NEW COM 929903102 45123 792329 SH SOLE 792329 0 0 WADDELL & REED FINL INC CL A 930059100 1194 43625 SH SOLE 43625 0 0 WASHINGTON MUT INC COM 939322103 29098 639661 SH SOLE 639661 0 0 WATSCO INC COM 942622200 1005 21300 SH SOLE 21300 0 0 WATSON PHARMACEUTICALS INC DBCV 1.750% 3/1 942683AC7 15316 16467000 PRN SOLE 16467000 0 0 WAUSAU PAPER CORP COM 943315101 1361 90782 SH SOLE 90782 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 76285 1825425 SH SOLE 1825425 0 0 WEBEX COMMUNICATIONS INC COM 94767L109 7570 216972 SH SOLE 216972 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 4790 69519 SH SOLE 69519 0 0 WELLPOINT INC COM 94973V107 76725 975025 SH SOLE 975025 0 0 WELLS FARGO & CO NEW COM 949746101 39150 1100944 SH SOLE 1100944 0 0 WERNER ENTERPRISES INC COM 950755108 1264 72300 SH SOLE 72300 0 0 WESCO INTL INC COM 95082P105 12262 208500 SH SOLE 208500 0 0 WESCO INTL INC DBCV 2.625%10/1 95082PAE5 8265 5318000 PRN SOLE 5318000 0 0 WILLIAMS SONOMA INC COM 969904101 22576 718072 SH SOLE 718072 0 0 WINDSTREAM CORP COM 97381W104 3214 226026 SH SOLE 226026 0 0 WITNESS SYS INC COM 977424100 1613 92000 SH SOLE 92000 0 0 WORLD ACCEP CORP DEL COM 981419104 5994 127663 SH SOLE 127663 0 0 WORLD FUEL SVCS CORP COM 981475106 9464 212855 SH SOLE 212855 0 0 WYETH COM 983024100 29685 582975 SH SOLE 582975 0 0 WYETH DBCV 1/1 983024AD2 2715 2501000 PRN SOLE 2501000 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 2755 86040 SH SOLE 86040 0 0 XL CAP LTD CL A G98255105 1845 25614 SH SOLE 25614 0 0 ZENITH NATL INS CORP COM 989390109 3164 67450 SH SOLE 67450 0 0
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