-----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, EDzXmqrpxZl7yGVfqTOTtRRC7cXgenCekQBh3nzmsO3MOo9mHdimjfybWqGovrST k4VMvubtoIX9JzwHuSPgWw== 0001085146-08-001575.txt : 20081112 0001085146-08-001575.hdr.sgml : 20081111 20081112164042 ACCESSION NUMBER: 0001085146-08-001575 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081112 DATE AS OF CHANGE: 20081112 EFFECTIVENESS DATE: 20081112 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: 081181361 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 mack3q08.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: September 30, 2008 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 November 12, 2008 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: 498 Form13F Information Table Value Total: $5,875,818 (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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3COM CORP COM 885535104 809 347382 SH SOLE 347382 0 0 3M CO COM 88579Y101 13850 202745 SH SOLE 202745 0 0 A D C TELECOMMUNICATIONS COM NEW 000886309 628 74365 SH SOLE 74365 0 0 A H BELO CORP COM CL A 001282102 933 180900 SH SOLE 180900 0 0 ABBOTT LABS COM 002824100 18788 326300 SH SOLE 326300 0 0 ABERCROMBIE & FITCH CO CL A 002896207 14339 363495 SH SOLE 363495 0 0 ACTUANT CORP CL A NEW 00508X203 11297 447600 SH SOLE 447600 0 0 ACXIOM CORP COM 005125109 765 61024 SH SOLE 61024 0 0 ADVANCED ANALOGIC TECHNOLOGI COM 00752J108 834 179462 SH SOLE 179462 0 0 AERCAP HOLDINGS NV SHS N00985106 371 34946 SH SOLE 34946 0 0 AEROPOSTALE COM 007865108 2765 86100 SH SOLE 86100 0 0 AFC ENTERPRISES INC COM 00104Q107 819 112750 SH SOLE 112750 0 0 AFFILIATED COMPUTER SERVICES CL A 008190100 12733 251488 SH SOLE 251488 0 0 AFFILIATED MANAGERS GROUP COM 008252108 17970 216900 SH SOLE 216900 0 0 AFLAC INC COM 001055102 82577 1405559 SH SOLE 1405559 0 0 AGERE SYS INC NOTE 6.500%12/1 00845VAA8 10 10000 PRN SOLE 10000 0 0 AGL RES INC COM 001204106 7496 238866 SH SOLE 238866 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 19656 1127050 SH SOLE 1127050 0 0 ALASKA AIR GROUP INC COM 011659109 536 26292 SH SOLE 26292 0 0 ALCOA INC COM 013817101 3337 147786 SH SOLE 147786 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 2924 74400 SH SOLE 74400 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 14920 235400 SH SOLE 235400 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 22062 234850 SH SOLE 234850 0 0 ALTRIA GROUP INC COM 02209S103 9997 503900 SH SOLE 503900 0 0 ALZA CORP SDCV 7/2 02261WAB5 16873 17516000 PRN SOLE 17516000 0 0 AMBAC FINL GROUP INC COM 023139108 209 89673 SH SOLE 89673 0 0 AMEDISYS INC COM 023436108 1523 31300 SH SOLE 31300 0 0 AMEREN CORP COM 023608102 10586 271234 SH SOLE 271234 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 6728 441178 SH SOLE 441178 0 0 AMERICAN ELEC PWR INC COM 025537101 5544 149716 SH SOLE 149716 0 0 AMERICAN INTL GROUP INC UNIT 99/99/9999 026874115 5542 645136 SH SOLE 645136 0 0 AMERICAN TOWER CORP CL A 029912201 9690 269400 SH SOLE 269400 0 0 AMERIPRISE FINL INC COM 03076C106 6839 179027 SH SOLE 179027 0 0 AMGEN INC COM 031162100 4004 67564 SH SOLE 67564 0 0 AMGEN INC NOTE 0.125% 2/0 031162AN0 35952 39046000 PRN SOLE 39046000 0 0 AMPHENOL CORP NEW CL A 032095101 53832 1341100 SH SOLE 1341100 0 0 AMR CORP NOTE 4.500% 2/1 001765BB1 18075 19982000 PRN SOLE 19982000 0 0 ANIXTER INTL INC COM 035290105 18436 309800 SH SOLE 309800 0 0 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 18553 17573000 PRN SOLE 17573000 0 0 ANSYS INC COM 03662Q105 3219 85000 SH SOLE 85000 0 0 APOLLO GROUP INC CL A 037604105 1874 31600 SH SOLE 31600 0 0 APPLE INC COM 037833100 28309 249069 SH SOLE 249069 0 0 ARCH CHEMICALS INC COM 03937R102 3793 107467 SH SOLE 107467 0 0 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 3235 3976000 PRN SOLE 3976000 0 0 ARIBA INC COM NEW 04033V203 1202 85100 SH SOLE 85100 0 0 ARRIS GROUP INC COM 04269Q100 894 115700 SH SOLE 115700 0 0 ARVINMERITOR INC NOTE 4.000% 2/1 043353AH4 3261 4822000 PRN SOLE 4822000 0 0 ARVINMERITOR INC COM 043353101 500 38373 SH SOLE 38373 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 16190 588722 SH SOLE 588722 0 0 ASSET ACCEP CAP CORP COM 04543P100 458 43454 SH SOLE 43454 0 0 ASSURANT INC COM 04621X108 20394 370800 SH SOLE 370800 0 0 ASTEC INDS INC COM 046224101 1128 36600 SH SOLE 36600 0 0 AT&T INC COM 00206R102 24381 873256 SH SOLE 873256 0 0 ATWOOD OCEANICS INC COM 050095108 17858 490600 SH SOLE 490600 0 0 AUTODESK INC COM 052769106 34258 1021100 SH SOLE 1021100 0 0 AUTOZONE INC COM 053332102 37798 306451 SH SOLE 306451 0 0 AUXILIUM PHARMACEUTICALS INC COM 05334D107 881 27200 SH SOLE 27200 0 0 AVERY DENNISON CORP COM 053611109 7924 178151 SH SOLE 178151 0 0 AVNET INC COM 053807103 26905 1092366 SH SOLE 1092366 0 0 AVOCENT CORP COM 053893103 536 26209 SH SOLE 26209 0 0 AVON PRODS INC COM 054303102 14083 338765 SH SOLE 338765 0 0 BAKER HUGHES INC COM 057224107 37107 612928 SH SOLE 612928 0 0 BALL CORP COM 058498106 7800 197527 SH SOLE 197527 0 0 BALLY TECHNOLOGIES INC COM 05874B107 954 31500 SH SOLE 31500 0 0 BANK MUTUAL CORP NEW COM 063750103 790 69586 SH SOLE 69586 0 0 BANK OF AMERICA CORPORATION COM 060505104 31808 908806 SH SOLE 908806 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 5487 168407 SH SOLE 168407 0 0 BANKRATE INC COM 06646V108 1093 28100 SH SOLE 28100 0 0 BARD C R INC COM 067383109 14619 154100 SH SOLE 154100 0 0 BEARINGPOINT INC COM 074002106 306 588351 SH SOLE 588351 0 0 BEAZER HOMES USA INC NOTE 4.625% 6/1 07556QAL9 1300 2000000 PRN SOLE 2000000 0 0 BECTON DICKINSON & CO COM 075887109 38758 482900 SH SOLE 482900 0 0 BED BATH & BEYOND INC COM 075896100 7644 243385 SH SOLE 243385 0 0 BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 2991 103500 SH SOLE 103500 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 2008 75800 SH SOLE 75800 0 0 BJ SVCS CO COM 055482103 12307 643333 SH SOLE 643333 0 0 BOSTON SCIENTIFIC CORP COM 101137107 6126 499300 SH SOLE 499300 0 0 BP PLC SPONSORED ADR 055622104 71538 1426189 SH SOLE 1426189 0 0 BRINKER INTL INC COM 109641100 666 37200 SH SOLE 37200 0 0 BROOKLINE BANCORP INC DEL COM 11373M107 1034 80849 SH SOLE 80849 0 0 BRUSH ENGINEERED MATLS INC COM 117421107 497 26748 SH SOLE 26748 0 0 BUCKEYE TECHNOLOGIES INC COM 118255108 693 84625 SH SOLE 84625 0 0 BUCYRUS INTL INC NEW COM 118759109 2450 54842 SH SOLE 54842 0 0 C&D TECHNOLOGIES INC COM 124661109 1106 194763 SH SOLE 194763 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 25062 996071 SH SOLE 996071 0 0 CABOT CORP COM 127055101 1150 36193 SH SOLE 36193 0 0 CACI INTL INC NOTE 2.125% 5/0 127190AD8 16012 15563000 PRN SOLE 15563000 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 35349 917200 SH SOLE 917200 0 0 CAMERON INTERNATIONAL CORP NOTE 2.500% 6/1 13342BAB1 42376 33481000 PRN SOLE 33481000 0 0 CAPELLA EDUCATION COMPANY COM 139594105 6519 152100 SH SOLE 152100 0 0 CAPITAL ONE FINL CORP COM 14040H105 2892 56700 SH SOLE 56700 0 0 CARNIVAL CORP PAIRED CTF 143658300 9408 266152 SH SOLE 266152 0 0 CASH AMER INTL INC COM 14754D100 3622 100500 SH SOLE 100500 0 0 CATERPILLAR INC DEL COM 149123101 14376 241200 SH SOLE 241200 0 0 CELANESE CORP DEL PFD 4.25% CONV 150870202 21077 569688 SH SOLE 569688 0 0 CELERA CORP COM 15100E106 1009 65283 SH SOLE 65283 0 0 CELGENE CORP COM 151020104 31229 493500 SH SOLE 493500 0 0 CENTENNIAL COMMUNCTNS CORP N CL A NEW 15133V208 160 25654 SH SOLE 25654 0 0 CENTERPOINT ENERGY INC COM 15189T107 21517 1476817 SH SOLE 1476817 0 0 CENTRAL EUROPEAN DIST CORP COM 153435102 3864 85100 SH SOLE 85100 0 0 CEPHALON INC COM 156708109 12553 162000 SH SOLE 162000 0 0 CF INDS HLDGS INC COM 125269100 1500 16400 SH SOLE 16400 0 0 CH ENERGY GROUP INC COM 12541M102 901 20670 SH SOLE 20670 0 0 CHARTER COMMUNICATIONS INC D CL A 16117M107 37 50000 SH SOLE 50000 0 0 CHATTEM INC COM 162456107 19342 247400 SH SOLE 247400 0 0 CHEMTURA CORP COM 163893100 6480 1420966 SH SOLE 1420966 0 0 CHESAPEAKE CORP COM 165159104 44 66255 SH SOLE 66255 0 0 CHESAPEAKE ENERGY CORP NOTE 2.250%12/1 165167CB1 197 285000 PRN SOLE 285000 0 0 CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 3931 3665000 PRN SOLE 3665000 0 0 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 27569 28680000 PRN SOLE 28680000 0 0 CHEVRON CORP NEW COM 166764100 17801 215820 SH SOLE 215820 0 0 CHURCH & DWIGHT INC COM 171340102 6010 96800 SH SOLE 96800 0 0 CISCO SYS INC COM 17275R102 31775 1408447 SH SOLE 1408447 0 0 CIT GROUP INC 8.75%PFD SER C 125581603 4245 128920 SH SOLE 128920 0 0 CIT GROUP INC COM 125581108 581 83525 SH SOLE 83525 0 0 CITIGROUP INC COM 172967101 17348 845824 SH SOLE 845824 0 0 CLECO CORP NEW COM 12561W105 751 29732 SH SOLE 29732 0 0 COACH INC COM 189754104 26585 1061700 SH SOLE 1061700 0 0 COCA COLA CO COM 191216100 31807 601500 SH SOLE 601500 0 0 COLGATE PALMOLIVE CO COM 194162103 27382 363400 SH SOLE 363400 0 0 COLLECTIVE BRANDS INC COM 19421W100 809 44207 SH SOLE 44207 0 0 COMMERCIAL VEH GROUP INC COM 202608105 580 81527 SH SOLE 81527 0 0 COMMSCOPE INC COM 203372107 710 20500 SH SOLE 20500 0 0 COMPUTER SCIENCES CORP COM 205363104 11248 279872 SH SOLE 279872 0 0 COMSTOCK RES INC COM NEW 205768203 1977 39500 SH SOLE 39500 0 0 COMTECH TELECOMMUNICATIONS C NOTE 2.000% 2/0 205826AD2 12169 7745000 PRN SOLE 7745000 0 0 CONAGRA FOODS INC COM 205887102 17772 913235 SH SOLE 913235 0 0 CONOCOPHILLIPS COM 20825C104 14322 195525 SH SOLE 195525 0 0 CONSECO INC COM NEW 208464883 526 149291 SH SOLE 149291 0 0 CONSTELLATION BRANDS INC CL A 21036P108 9505 442909 SH SOLE 442909 0 0 COOPER TIRE & RUBR CO COM 216831107 675 78463 SH SOLE 78463 0 0 COPART INC COM 217204106 3910 102900 SH SOLE 102900 0 0 CORN PRODS INTL INC COM 219023108 10774 333758 SH SOLE 333758 0 0 COSTCO COMPANIES INC NOTE 8/1 22160QAC6 5431 3673000 PRN SOLE 3673000 0 0 COSTCO WHSL CORP NEW COM 22160K105 8761 134932 SH SOLE 134932 0 0 COVANCE INC COM 222816100 9646 109100 SH SOLE 109100 0 0 COVANTA HLDG CORP COM 22282E102 1005 42000 SH SOLE 42000 0 0 COVANTA HLDG CORP DBCV 1.000% 2/0 22282EAA0 45612 47421000 PRN SOLE 47421000 0 0 COVENTRY HEALTH CARE INC COM 222862104 20921 642739 SH SOLE 642739 0 0 CROSS CTRY HEALTHCARE INC COM 227483104 686 42111 SH SOLE 42111 0 0 CROWN HOLDINGS INC COM 228368106 15765 709800 SH SOLE 709800 0 0 CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 269 2865 SH SOLE 2865 0 0 CVS CAREMARK CORPORATION COM 126650100 19427 577166 SH SOLE 577166 0 0 CYBERSOURCE CORP COM 23251J106 2768 171800 SH SOLE 171800 0 0 CYPRESS SEMICONDUCTOR CORP NOTE 1.000% 9/1 232806AK5 12554 12626000 PRN SOLE 12626000 0 0 DANAHER CORP DEL COM 235851102 15134 218070 SH SOLE 218070 0 0 DAVITA INC COM 23918K108 4943 86700 SH SOLE 86700 0 0 DAWSON GEOPHYSICAL CO COM 239359102 1331 28500 SH SOLE 28500 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 7088 951410 SH SOLE 951410 0 0 DENTSPLY INTL INC NEW COM 249030107 1122 29900 SH SOLE 29900 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 15277 148235 SH SOLE 148235 0 0 DICKS SPORTING GOODS INC COM 253393102 3438 175600 SH SOLE 175600 0 0 DILLARDS INC CL A 254067101 520 44055 SH SOLE 44055 0 0 DIODES INC COM 254543101 2951 159949 SH SOLE 159949 0 0 DIRECTV GROUP INC COM 25459L106 44989 1719100 SH SOLE 1719100 0 0 DISNEY WALT CO COM DISNEY 254687106 16446 535882 SH SOLE 535882 0 0 DOLLAR TREE INC COM 256746108 1145 31500 SH SOLE 31500 0 0 DOUGLAS EMMETT INC COM 25960P109 8296 359624 SH SOLE 359624 0 0 DPL INC COM 233293109 4821 194400 SH SOLE 194400 0 0 DRIL-QUIP INC COM 262037104 1575 36300 SH SOLE 36300 0 0 DRS TECHNOLOGIES INC COM 23330X100 1229 16016 SH SOLE 16016 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 12762 316664 SH SOLE 316664 0 0 DUKE ENERGY CORP NEW COM 26441C105 10322 592184 SH SOLE 592184 0 0 E M C CORP MASS COM 268648102 21528 1799953 SH SOLE 1799953 0 0 E M C CORP MASS NOTE 1.750%12/0 268648AK8 49727 49945000 PRN SOLE 49945000 0 0 EDISON INTL COM 281020107 9074 227407 SH SOLE 227407 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 858 61611 SH SOLE 61611 0 0 EMBARQ CORP COM 29078E105 15825 390258 SH SOLE 390258 0 0 EMULEX CORP COM NEW 292475209 9174 859769 SH SOLE 859769 0 0 ENERGIZER HLDGS INC COM 29266R108 14934 185400 SH SOLE 185400 0 0 ENERGY CONVERSION DEVICES IN NOTE 3.000% 6/1 292659AA7 3396 4037000 PRN SOLE 4037000 0 0 ENI S P A SPONSORED ADR 26874R108 6701 126550 SH SOLE 126550 0 0 EQUINIX INC COM NEW 29444U502 19994 287840 SH SOLE 287840 0 0 EXTREME NETWORKS INC COM 30226D106 898 266596 SH SOLE 266596 0 0 EXXON MOBIL CORP COM 30231G102 18889 243226 SH SOLE 243226 0 0 FACTSET RESH SYS INC COM 303075105 13133 251350 SH SOLE 251350 0 0 FEDEX CORP COM 31428X106 8619 109042 SH SOLE 109042 0 0 FIDELITY NATIONAL FINANCIAL CL A 31620R105 764 51969 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SOLE 473650 0 0 FORMFACTOR INC COM 346375108 878 50419 SH SOLE 50419 0 0 FOSSIL INC COM 349882100 7896 279700 SH SOLE 279700 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 8272 145497 SH SOLE 145497 0 0 FREEPORT-MCMORAN COPPER & GO PFD CONV 35671D782 10681 125793 SH SOLE 125793 0 0 FRONTIER OIL CORP COM 35914P105 16861 915352 SH SOLE 915352 0 0 FTI CONSULTING INC COM 302941109 3272 45300 SH SOLE 45300 0 0 GAMESTOP CORP NEW CL A 36467W109 2295 67100 SH SOLE 67100 0 0 GAP INC DEL COM 364760108 12722 715513 SH SOLE 715513 0 0 GARDNER DENVER INC COM 365558105 1437 41400 SH SOLE 41400 0 0 GEN-PROBE INC NEW COM 36866T103 2244 42300 SH SOLE 42300 0 0 GENENTECH INC COM NEW 368710406 27198 306700 SH SOLE 306700 0 0 GENERAL CABLE CORP DEL NEW COM 369300108 11334 318100 SH SOLE 318100 0 0 GENERAL ELECTRIC CO COM 369604103 9040 354524 SH SOLE 354524 0 0 GENERAL MLS INC COM 370334104 23031 335145 SH SOLE 335145 0 0 GENESEE & WYO INC CL A 371559105 3133 83500 SH SOLE 83500 0 0 GENOPTIX INC COM 37243V100 1206 36900 SH SOLE 36900 0 0 GENWORTH FINL INC COM CL A 37247D106 3163 367380 SH SOLE 367380 0 0 GILEAD SCIENCES INC NOTE 0.625% 5/0 375558AH6 12777 10041000 PRN SOLE 10041000 0 0 GILEAD SCIENCES INC COM 375558103 32450 711921 SH SOLE 711921 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 24142 188614 SH SOLE 188614 0 0 GOOGLE INC CL A 38259P508 42633 106446 SH SOLE 106446 0 0 GRAFTECH INTL LTD COM 384313102 925 61200 SH SOLE 61200 0 0 GUESS INC COM 401617105 15516 446000 SH SOLE 446000 0 0 GULF ISLAND FABRICATION INC COM 402307102 3113 90300 SH SOLE 90300 0 0 GULFMARK OFFSHORE INC COM 402629109 2253 50200 SH SOLE 50200 0 0 GYMBOREE CORP COM 403777105 2286 64400 SH SOLE 64400 0 0 HALLIBURTON CO COM 406216101 36209 1117887 SH SOLE 1117887 0 0 HANSEN NAT CORP COM 411310105 3975 131400 SH SOLE 131400 0 0 HARRIS CORP DEL COM 413875105 16540 358000 SH SOLE 358000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 25555 623445 SH SOLE 623445 0 0 HCC INS HLDGS INC COM 404132102 10041 371902 SH SOLE 371902 0 0 HEALTHSPRING INC COM 42224N101 2103 99400 SH SOLE 99400 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 1513 62300 SH SOLE 62300 0 0 HERCULES OFFSHORE INC COM 427093109 323 21335 SH SOLE 21335 0 0 HESS CORP COM 42809H107 22674 276244 SH SOLE 276244 0 0 HEWLETT PACKARD CO COM 428236103 59645 1289913 SH SOLE 1289913 0 0 HIGHWOODS PPTYS INC COM 431284108 12248 344452 SH SOLE 344452 0 0 HITTITE MICROWAVE CORP COM 43365Y104 2960 88100 SH SOLE 88100 0 0 HOLOGIC INC FRNT 2.000%12/1 436440AA9 17938 24185000 PRN SOLE 24185000 0 0 HOLOGIC INC COM 436440101 19922 1030620 SH SOLE 1030620 0 0 HOME DEPOT INC COM 437076102 9642 372438 SH SOLE 372438 0 0 HONEYWELL INTL INC COM 438516106 13586 326975 SH SOLE 326975 0 0 HORNBECK OFFSHORE SVCS INC N COM 440543106 1950 50500 SH SOLE 50500 0 0 HOSPIRA INC COM 441060100 8759 229300 SH SOLE 229300 0 0 HSBC HLDGS PLC SPON ADR NEW 404280406 544 6725 SH SOLE 6725 0 0 HUB GROUP INC CL A 443320106 4443 118000 SH SOLE 118000 0 0 HUMANA INC COM 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4839 341000 SH SOLE 341000 0 0 IRON MTN INC COM 462846106 9305 381200 SH SOLE 381200 0 0 ISHARES TR DJ US REAL EST 464287739 7694 124200 SH SOLE 124200 0 0 ISHARES TR MSCI EAFE IDX 464287465 33732 599150 SH SOLE 599150 0 0 ISHARES TR RUSSELL MCP GR 464287481 4803 110600 SH SOLE 110600 0 0 ISHARES TR RUSSELL MCP VL 464287473 10413 265500 SH SOLE 265500 0 0 ISHARES TR RUSSELL1000VAL 464287598 5239 82002 SH SOLE 82002 0 0 ISHARES TR S&P EURO PLUS 464287861 64128 1608830 SH SOLE 1608830 0 0 ITRON INC COM 465741106 5214 58900 SH SOLE 58900 0 0 JOHNSON & JOHNSON COM 478160104 38213 551577 SH SOLE 551577 0 0 JOY GLOBAL INC COM 481165108 12493 276756 SH SOLE 276756 0 0 JPMORGAN & CHASE & CO COM 46625H100 33474 716789 SH SOLE 716789 0 0 KAYDON CORP COM 486587108 1117 24800 SH SOLE 24800 0 0 KENNAMETAL INC COM 489170100 713 26289 SH SOLE 26289 0 0 KEY ENERGY SVCS INC COM 492914106 492 42437 SH SOLE 42437 0 0 KEYCORP NEW COM 493267108 8717 729998 SH SOLE 729998 0 0 KIMBERLY CLARK CORP COM 494368103 14426 222485 SH SOLE 222485 0 0 KKR FINANCIAL HLDGS LLC COM 48248A306 457 71896 SH SOLE 71896 0 0 KOHLS CORP COM 500255104 44806 972351 SH SOLE 972351 0 0 KROGER CO COM 501044101 34876 1269163 SH SOLE 1269163 0 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 24908 22737000 PRN SOLE 22737000 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 23233 236300 SH SOLE 236300 0 0 LAYNE CHRISTENSEN CO COM 521050104 1751 49420 SH SOLE 49420 0 0 LIBBEY INC COM 529898108 172 20241 SH SOLE 20241 0 0 LINCOLN NATL CORP IND COM 534187109 7193 168011 SH SOLE 168011 0 0 LINN ENERGY LLC UNIT LTD LIAB 536020100 191 12500 SH SOLE 12500 0 0 LKQ CORP COM 501889208 16970 1000000 SH SOLE 1000000 0 0 LOGITECH INTL S A SHS H50430232 4333 185800 SH SOLE 185800 0 0 LORAL SPACE & COMMUNICATNS L COM 543881106 7539 510437 SH SOLE 510437 0 0 LOWES COS INC COM 548661107 13772 581352 SH SOLE 581352 0 0 LUFKIN INDS INC COM 549764108 2301 29000 SH SOLE 29000 0 0 MARATHON OIL CORP COM 565849106 6863 172151 SH SOLE 172151 0 0 MARINER ENERGY INC COM 56845T305 1330 64900 SH SOLE 64900 0 0 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 3916 106400 SH SOLE 106400 0 0 MARSHALL & ILSLEY CORP NEW COM 571837103 10281 510190 SH SOLE 510190 0 0 MCDERMOTT INTL INC COM 580037109 3884 152000 SH SOLE 152000 0 0 MCDONALDS CORP COM 580135101 11593 187900 SH SOLE 187900 0 0 MDS INC COM 55269P302 1369 114594 SH SOLE 114594 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 44649 992190 SH SOLE 992190 0 0 MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 573 38430 SH SOLE 38430 0 0 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 350 350000 PRN SOLE 350000 0 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 55479 55516000 PRN SOLE 55516000 0 0 MEMC ELECTR MATLS INC COM 552715104 27638 978000 SH SOLE 978000 0 0 MERRILL LYNCH & CO INC COM 590188108 4849 191666 SH SOLE 191666 0 0 MERRILL LYNCH & CO INC NOTE 3/1 590188W46 18396 19374000 PRN SOLE 19374000 0 0 METHODE ELECTRS INC COM 591520200 594 66477 SH SOLE 66477 0 0 METLIFE INC UNIT 02/15/2010 59156R702 9716 776065 SH SOLE 776065 0 0 METTLER TOLEDO INTERNATIONAL COM 592688105 2636 26900 SH SOLE 26900 0 0 MICROS SYS INC COM 594901100 10621 398400 SH SOLE 398400 0 0 MICROSEMI CORP COM 595137100 2680 105200 SH SOLE 105200 0 0 MICROSOFT CORP COM 594918104 91664 3434376 SH SOLE 3434376 0 0 MIDDLEBY CORP COM 596278101 1466 27000 SH SOLE 27000 0 0 MILLIPORE CORP COM 601073109 9673 140600 SH SOLE 140600 0 0 MKS INSTRUMENT INC COM 55306N104 554 27829 SH SOLE 27829 0 0 MOBILE MINI INC COM 60740F105 1697 87800 SH SOLE 87800 0 0 MODINE MFG CO COM 607828100 554 38233 SH SOLE 38233 0 0 MOLEX INC CL A 608554200 10307 495286 SH SOLE 495286 0 0 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 15138 13951000 PRN SOLE 13951000 0 0 MONOLITHIC PWR SYS INC COM 609839105 507 29200 SH SOLE 29200 0 0 MONSANTO CO NEW COM 61166W101 5508 55648 SH SOLE 55648 0 0 MORGAN STANLEY COM NEW 617446448 5714 248423 SH SOLE 248423 0 0 MOSAIC CO COM 61945A107 4360 64100 SH SOLE 64100 0 0 MYERS INDS INC COM 628464109 812 64420 SH SOLE 64420 0 0 MYRIAD GENETICS INC COM 62855J104 2070 31900 SH SOLE 31900 0 0 NABORS INDS INC NOTE 0.940% 5/1 629568AP1 1127 1248000 PRN SOLE 1248000 0 0 NATCO GROUP INC CL A 63227W203 2146 53400 SH SOLE 53400 0 0 NATIONAL CITY CORP COM 635405103 285 162982 SH SOLE 162982 0 0 NATIONAL OILWELL VARCO INC COM 637071101 42901 854100 SH SOLE 854100 0 0 NEUSTAR INC CL A 64126X201 2570 129200 SH SOLE 129200 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 2856 170100 SH SOLE 170100 0 0 NEWALLIANCE BANCSHARES INC COM 650203102 17778 1182795 SH SOLE 1182795 0 0 NEWFIELD EXPL CO COM 651290108 8880 277600 SH SOLE 277600 0 0 NEWS CORP CL A 65248E104 2667 222400 SH SOLE 222400 0 0 NEXTEL COMMUNICATIONS INC NOTE 5.250% 1/1 65332VAY9 13 14000 PRN SOLE 14000 0 0 NIKE INC CL B 654106103 5747 85900 SH SOLE 85900 0 0 NOKIA CORP SPONSORED ADR 654902204 12596 675744 SH SOLE 675744 0 0 NORFOLK SOUTHERN CORP COM 655844108 47085 711150 SH SOLE 711150 0 0 NORTHROP GRUMMAN CORP COM 666807102 8342 137786 SH SOLE 137786 0 0 NORTHWEST AIRLS CORP COM 667280408 17584 1947294 SH SOLE 1947294 0 0 NOVARTIS A G SPONSORED ADR 66987V109 34917 663826 SH SOLE 663826 0 0 NOVEN PHARMACEUTICALS INC COM 670009109 834 71416 SH SOLE 71416 0 0 NRG ENERGY INC COM NEW 629377508 27443 1108812 SH SOLE 1108812 0 0 NTELOS HLDGS CORP COM 67020Q107 12232 454900 SH SOLE 454900 0 0 NTT DOCOMO INC SPONS ADR 62942M201 1694 106600 SH SOLE 106600 0 0 NUCOR CORP COM 670346105 10097 255615 SH SOLE 255615 0 0 NUVASIVE INC COM 670704105 1500 30400 SH SOLE 30400 0 0 OCEANEERING INTL INC COM 675232102 1088 20400 SH SOLE 20400 0 0 OLIN CORP COM PAR $1 680665205 4673 240868 SH SOLE 240868 0 0 OMNICARE INC COM 681904108 1068 37120 SH SOLE 37120 0 0 OMNICOM GROUP INC COM 681919106 2437 63200 SH SOLE 63200 0 0 OMNICOM GROUP INC NOTE 2/0 681919AK2 8403 8585000 PRN SOLE 8585000 0 0 OMNITURE INC COM 68212S109 935 50900 SH SOLE 50900 0 0 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AG0 10085 11736000 PRN SOLE 11736000 0 0 ONEBEACON INSURANCE GROUP LT CL A G67742109 826 39033 SH SOLE 39033 0 0 ONYX PHARMACEUTICALS INC COM 683399109 2522 69700 SH SOLE 69700 0 0 OPNET TECHNOLOGIES INC COM 683757108 755 62000 SH SOLE 62000 0 0 OPTIONSXPRESS HLDGS INC COM 684010101 3878 199700 SH SOLE 199700 0 0 ORACLE CORP COM 68389X105 35675 1756547 SH SOLE 1756547 0 0 OSI PHARMACEUTICALS INC COM 671040103 1247 25300 SH SOLE 25300 0 0 OWENS ILL INC COM NEW 690768403 2793 95000 SH SOLE 95000 0 0 P A M TRANSN SVCS INC COM 693149106 416 38000 SH SOLE 38000 0 0 PACER INTL INC TENN COM 69373H106 742 45033 SH SOLE 45033 0 0 PACIFIC SUNWEAR CALIF INC COM 694873100 744 110519 SH SOLE 110519 0 0 PANERA BREAD CO CL A 69840W108 993 19500 SH SOLE 19500 0 0 PARAMETRIC TECHNOLOGY CORP COM NEW 699173209 1170 63600 SH SOLE 63600 0 0 PAREXEL INTL CORP COM 699462107 6678 233000 SH SOLE 233000 0 0 PARTNERRE LTD COM G6852T105 12863 188913 SH SOLE 188913 0 0 PATRIOT COAL CORP COM 70336T104 911 31360 SH SOLE 31360 0 0 PDL BIOPHARMA INC COM 69329Y104 744 79863 SH SOLE 79863 0 0 PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 11871 13115000 PRN SOLE 13115000 0 0 PEABODY ENERGY CORP COM 704549104 6440 143100 SH SOLE 143100 0 0 PENN VA CORP COM 707882106 2421 45300 SH SOLE 45300 0 0 PENTAIR INC COM 709631105 7550 218375 SH SOLE 218375 0 0 PEPCO HOLDINGS INC COM 713291102 13358 583053 SH SOLE 583053 0 0 PEPSICO INC COM 713448108 43061 604200 SH SOLE 604200 0 0 PETSMART INC COM 716768106 7413 300000 SH SOLE 300000 0 0 PFIZER INC COM 717081103 9169 497198 SH SOLE 497198 0 0 PG&E CORP COM 69331C108 8842 236095 SH SOLE 236095 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 13869 335400 SH SOLE 335400 0 0 PHARMERICA CORP COM 71714F104 758 33694 SH SOLE 33694 0 0 PHILIP MORRIS INTL INC COM 718172109 34805 723600 SH SOLE 723600 0 0 PHILLIPS VAN HEUSEN CORP COM 718592108 13909 366900 SH SOLE 366900 0 0 PHOENIX COS INC NEW COM 71902E109 798 86332 SH SOLE 86332 0 0 PIKE ELEC CORP COM 721283109 903 61322 SH SOLE 61322 0 0 PITNEY BOWES INC COM 724479100 13481 405319 SH SOLE 405319 0 0 PMA CAP CORP CL A 693419202 134 15190 SH SOLE 15190 0 0 PMI GROUP INC COM 69344M101 379 128349 SH SOLE 128349 0 0 PNC FINL SVCS GROUP INC COM 693475105 11554 154666 SH SOLE 154666 0 0 POLO RALPH LAUREN CORP CL A 731572103 13061 196000 SH SOLE 196000 0 0 POLYONE CORP COM 73179P106 112 17300 SH SOLE 17300 0 0 PRAXAIR INC COM 74005P104 28560 398100 SH SOLE 398100 0 0 PRECISION CASTPARTS CORP COM 740189105 42354 537630 SH SOLE 537630 0 0 PRESIDENTIAL LIFE CORP COM 740884101 219 13900 SH SOLE 13900 0 0 PRICELINE COM INC COM NEW 741503403 1405 20535 SH SOLE 20535 0 0 PROCTER & GAMBLE CO COM 742718109 9955 142836 SH SOLE 142836 0 0 PROGRESS SOFTWARE CORP COM 743312100 6635 255300 SH SOLE 255300 0 0 PROLOGIS SH BEN INT 743410102 7259 175892 SH SOLE 175892 0 0 PRUDENTIAL FINL INC COM 744320102 40754 566035 SH SOLE 566035 0 0 PRUDENTIAL FINL INC FRNT 12/1 744320AJ1 19110 20139000 PRN SOLE 20139000 0 0 QUADRAMED CORP COM NEW 74730W507 6715 814944 SH SOLE 814944 0 0 QUALCOMM INC COM 747525103 28960 673969 SH SOLE 673969 0 0 QUALITY SYS INC COM 747582104 2320 54900 SH SOLE 54900 0 0 QUANTA SVCS INC COM 74762E102 20095 743984 SH SOLE 743984 0 0 QUEST DIAGNOSTICS INC COM 74834L100 14843 287272 SH SOLE 287272 0 0 RADIAN GROUP INC COM 750236101 508 100818 SH SOLE 100818 0 0 RAYTHEON CO COM NEW 755111507 11732 219244 SH SOLE 219244 0 0 RBC BEARINGS INC COM 75524B104 1738 51600 SH SOLE 51600 0 0 RESEARCH IN MOTION LTD COM 760975102 28399 415800 SH SOLE 415800 0 0 RF MICRODEVICES INC COM 749941100 3348 1146700 SH SOLE 1146700 0 0 ROCKWELL AUTOMATION INC COM 773903109 21699 581136 SH SOLE 581136 0 0 ROPER INDS INC NEW COM 776696106 24624 432300 SH SOLE 432300 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 2565 123600 SH SOLE 123600 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 45052 763593 SH SOLE 763593 0 0 SANDERSON FARMS INC COM 800013104 2686 73100 SH SOLE 73100 0 0 SANOFI AVENTIS SPONSORED ADR 80105N105 6558 199500 SH SOLE 199500 0 0 SBA COMMUNICATIONS CORP COM 78388J106 16821 650200 SH SOLE 650200 0 0 SBA COMMUNICATIONS CORP NOTE 0.375%12/0 78388JAJ5 3456 3921000 PRN SOLE 3921000 0 0 SCHEIN HENRY INC COM 806407102 11651 216400 SH SOLE 216400 0 0 SCHERING PLOUGH CORP PFD CONV MAN07 806605705 47516 274960 SH SOLE 274960 0 0 SCHLUMBERGER LTD DBCV 2.125% 6/0 806857AD0 56275 28683000 PRN SOLE 28683000 0 0 SECURE COMPUTING CORP COM 813705100 863 157572 SH SOLE 157572 0 0 SEPRACOR INC COM 817315104 996 54374 SH SOLE 54374 0 0 SHIRE LIMITED SPONSORED ADR 82481R106 4066 85150 SH SOLE 85150 0 0 SIEMENS A G SPONSORED ADR 826197501 5560 59220 SH SOLE 59220 0 0 SINCLAIR BROADCAST GROUP INC NOTE 3.000% 5/1 829226AW9 36792 43285000 PRN SOLE 43285000 0 0 SMART BALANCE INC COM 83169Y108 482 73438 SH SOLE 73438 0 0 SMITH INTL INC COM 832110100 21470 366140 SH SOLE 366140 0 0 SMUCKER J M CO COM NEW 832696405 7534 148621 SH SOLE 148621 0 0 SOLERA HOLDINGS INC COM 83421A104 3145 109500 SH SOLE 109500 0 0 SOVEREIGN BANCORP INC COM 845905108 2028 513441 SH SOLE 513441 0 0 SPARTAN STORES INC NOTE 3.375% 5/1 846822AE4 11783 12636000 PRN SOLE 12636000 0 0 SPDR SERIES TRUST KBW REGN BK ETF 78464A698 5251 147917 SH SOLE 147917 0 0 SPECTRA ENERGY CORP COM 847560109 13440 564707 SH SOLE 564707 0 0 SPHERION CORP COM 848420105 286 58784 SH SOLE 58784 0 0 ST JUDE MED INC COM 790849103 45882 1054984 SH SOLE 1054984 0 0 ST MARY LD & EXPL CO NOTE 3.500% 4/0 792228AD0 15887 16623000 PRN SOLE 16623000 0 0 STAR GAS PARTNERS L P UNIT LTD PARTNR 85512C105 11819 5323898 SH SOLE 5323898 0 0 STEAK N SHAKE CO COM 857873103 490 56499 SH SOLE 56499 0 0 STEC INC COM 784774101 792 102878 SH SOLE 102878 0 0 STEEL DYNAMICS INC COM 858119100 2745 160600 SH SOLE 160600 0 0 STILLWATER MNG CO COM 86074Q102 586 100843 SH SOLE 100843 0 0 STONE ENERGY CORP COM 861642106 482 11376 SH SOLE 11376 0 0 SUNCOR ENERGY INC COM 867229106 10364 245954 SH SOLE 245954 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 2061 66200 SH SOLE 66200 0 0 SWIFT ENERGY CO COM 870738101 1737 44900 SH SOLE 44900 0 0 SYBASE INC COM 871130100 1179 38500 SH SOLE 38500 0 0 SYBASE INC NOTE 1.750% 2/2 871130AB6 25488 19787000 PRN SOLE 19787000 0 0 SYKES ENTERPRISES INC COM 871237103 3395 154600 SH SOLE 154600 0 0 TARGET CORP COM 87612E106 11419 232797 SH SOLE 232797 0 0 TECK COMINCO LTD CL B 878742204 9576 328842 SH SOLE 328842 0 0 TERADYNE INC COM 880770102 561 71811 SH SOLE 71811 0 0 TEREX CORP NEW COM 880779103 7535 246900 SH SOLE 246900 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 480 29400 SH SOLE 29400 0 0 TEVA PHARMACEUTICAL FIN CO B NOTE 1.750% 2/0 88165FAA0 22885 20411000 PRN SOLE 20411000 0 0 TEVA PHARMACEUTICAL FIN II L DBCV 0.500% 2/0 88164RAA5 46859 38163000 PRN SOLE 38163000 0 0 TEVA PHARMACEUTICAL FIN II L DBCV 0.250% 2/0 88164RAB3 785 588000 PRN SOLE 588000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 29669 648072 SH SOLE 648072 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 90585 1646993 SH SOLE 1646993 0 0 THOMAS WEISEL PARTNERS GRP I COM 884481102 553 65548 SH SOLE 65548 0 0 TIDEWATER INC COM 886423102 18898 341370 SH SOLE 341370 0 0 TIMKEN CO COM 887389104 4026 142017 SH SOLE 142017 0 0 TJX COS INC NEW COM 872540109 45711 1497725 SH SOLE 1497725 0 0 TJX COS INC NEW NOTE 2/1 872540AL3 491 487000 PRN SOLE 487000 0 0 TRACTOR SUPPLY CO COM 892356106 6792 161511 SH SOLE 161511 0 0 TRANSOCEAN INC NEW SHS G90073100 29109 265020 SH SOLE 265020 0 0 TRANSOCEAN SEDCO FOREX INC NOTE 1.625%12/1 893830AU3 5034 5314000 PRN SOLE 5314000 0 0 TRANSOCEAN SEDCO FOREX INC NOTE 1.500%12/1 893830AW9 60539 66569000 PRN SOLE 66569000 0 0 TRIMBLE NAVIGATION LTD COM 896239100 1459 56400 SH SOLE 56400 0 0 TRINITY INDS INC COM 896522109 677 26327 SH SOLE 26327 0 0 TRIUMPH GROUP INC NEW COM 896818101 3264 71400 SH SOLE 71400 0 0 TRIUMPH GROUP INC NEW NOTE 2.625%10/0 896818AB7 13555 13049000 PRN SOLE 13049000 0 0 TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 6070 7038000 PRN SOLE 7038000 0 0 TYSON FOODS INC NOTE 3.250%10/1 902494AP8 9030 9632000 PRN SOLE 9632000 0 0 UNITED RENTALS INC COM 911363109 695 45587 SH SOLE 45587 0 0 UNITED TECHNOLOGIES CORP COM 913017109 47054 783462 SH SOLE 783462 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 9791 93100 SH SOLE 93100 0 0 US BANCORP DEL COM NEW 902973304 16561 459778 SH SOLE 459778 0 0 VALE CAP LTD NT RIO CV VALE 91912C208 11258 296323 SH SOLE 296323 0 0 VANGUARD TAX-MANAGED FD EUROPE PAC ETF 921943858 23188 659300 SH SOLE 659300 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 25036 780162 SH SOLE 780162 0 0 VIRGIN MEDIA INC COM 92769L101 337 42602 SH SOLE 42602 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 766 115732 SH SOLE 115732 0 0 VOCUS INC COM 92858J108 981 28900 SH SOLE 28900 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 51248 2318913 SH SOLE 2318913 0 0 WABTEC CORP COM 929740108 2802 54700 SH SOLE 54700 0 0 WACHOVIA CORP NEW CONV7.5%PFD CL A 929903219 6684 17360 SH SOLE 17360 0 0 WADDELL & REED FINL INC CL A 930059100 422 17054 SH SOLE 17054 0 0 WAL MART STORES INC COM 931142103 52059 869248 SH SOLE 869248 0 0 WARNACO GROUP INC COM NEW 934390402 3361 74200 SH SOLE 74200 0 0 WASTE CONNECTIONS INC COM 941053100 1965 57300 SH SOLE 57300 0 0 WASTE CONNECTIONS INC NOTE 3.750% 4/0 941053AG5 40732 36182000 PRN SOLE 36182000 0 0 WATSON PHARMACEUTICALS INC DBCV 1.750% 3/1 942683AC7 10666 11397000 PRN SOLE 11397000 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 11770 468161 SH SOLE 468161 0 0 WELLS FARGO & CO NEW COM 949746101 17772 473549 SH SOLE 473549 0 0 WERNER ENTERPRISES INC COM 950755108 3029 139535 SH SOLE 139535 0 0 WESCO INTL INC COM 95082P105 7546 234508 SH SOLE 234508 0 0 WILLIAMS COS INC DEL COM 969457100 29584 1250900 SH SOLE 1250900 0 0 WILLIAMS SONOMA INC COM 969904101 8274 511367 SH SOLE 511367 0 0 WMS INDS INC COM 929297109 6521 213300 SH SOLE 213300 0 0 WRIGHT MED GROUP INC COM 98235T107 2183 71700 SH SOLE 71700 0 0 WYETH COM 983024100 15415 417290 SH SOLE 417290 0 0 XERIUM TECHNOLOGIES INC COM 98416J100 982 152458 SH SOLE 152458 0 0 XTO ENERGY INC COM 98385X106 24950 536325 SH SOLE 536325 0 0 YAMANA GOLD INC COM 98462Y100 5065 608047 SH SOLE 608047 0 0
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