13F-HR 1 r13f1q09holdings.txt OAKTREE CAPITAL MANAGEMENT, L.P. 13F FILING 03-31-2009 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2009 Check here if Amendment [ ] ; Amendment Number: This Amendment (Check only one.) : [ ] is a restatement. [ ] adds new holding entries. Institutional Manager Filing this Report: Name: Oaktree Capital Management, L.P. Address:333 South Grand Avenue 28 Floor Los Angeles, CA 90071 13F File Number: 28-5050 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: [ Kristin Scott ] Title: [ Managing Director ] Phone: [ 213-830-6225 ] Signature, Place, and Date of Signing: [ ] Los Angeles, CA April 29, 2009 Following a reorganization in May 2007, the ultimate parent company of Oaktree Capital Management, L.P. is Oaktree Capital Group Holdings GP, LLC. Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT [ ] 13F NOTICE REPORT [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 4 Form 13F Information Table Entry Total: 222 Form 13F Information Table Value Total: 4,351,083 List of Other Included Managers: No. 13F File Number Name 1. 028-12809 Oaktree Capital Group Holdings GP, LLC 2. 028-12810 Oaktree Capital Group Holdings, L.P. 3. 028-12811 Oaktree Capital Group, LLC 4. 028-12812 Oaktree Holdings, Inc. FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHOR NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000 PRN AMT PRN DSCRETN MGRS SOLE SHARE NONE * AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 11,131 411,048 SH DEFINED 1,2,3,4 411,048 * BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 8,776 806,604 SH DEFINED 1,2,3,4 806,604 * BARRICK GOLD CORP COM 067901108 13,221 407,800 SH DEFINED 1,2,3,4 407,800 * CHARTER COMMUNICATIONS INC D CL A 16117M107 419 20,132,603 SH DEFINED 1,2,3,4 20,132,603 * CHINA MOBILE LIMITED SPONSORED ADR 16941M109 13,957 320,700 SH DEFINED 1,2,3,4 320,700 * CMS ENERGY CORP COM 125896100 8,314 702,204 SH DEFINED 1,2,3,4 702,204 * CNOOC LTD SPONSORED ADR 126132109 9,366 93,100 SH DEFINED 1,2,3,4 93,100 * COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 2,586 124,400 SH DEFINED 1,2,3,4 124,400 * COMCAST CORP NEW CL A 20030N101 25,773 1,889,500 SH DEFINED 1,2,3,4 1,889,500 * COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 9,994 209,300 SH DEFINED 1,2,3,4 209,300 * COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 9,031 679,000 SH DEFINED 1,2,3,4 679,000 * COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 5,220 217,700 SH DEFINED 1,2,3,4 217,700 * EXCO RESOURCES INC COM 269279402 347,789 34,778,946 SH DEFINED 1,2,3,4 34,778,946 * GENCO SHIPPING & TRADING LTD SHS Y2685T107 18,665 1,512,532 SH DEFINED 1,2,3,4 1,512,532 * GERDAU S A SPONSORED ADR 373737105 8,831 1,614,400 SH DEFINED 1,2,3,4 1,614,400 * GT SOLAR INTL INC COM 3623E0209 313,891 7,217,255 SH DEFINED 1,2,3,4 7,217,255 * HSBC HLDGS PLC SPON ADR NEW 404280406 4,975 176,300 SH DEFINED 1,2,3,4 176,300 * ICICI BK LTD ADR 45104G104 2,682 201,800 SH DEFINED 1,2,3,4 201,800 * INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 6,223 233,700 SH DEFINED 1,2,3,5 233,700 * ISHARES TR FTSE XNHUA IDX 464287184 3,138 110,000 SH DEFINED 1,2,3,4 110,000 * LG DISPLAY CO LTD SPONS ADR REP 50186V102 4,754 465,200 SH DEFINED 1,2,3,4 465,200 * MELCO CROWN ENTMT LTD ADR 585464100 6,243 1,903,400 SH DEFINED 1,2,3,4 1,903,400 * MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1,711 57,188 SH DEFINED 1,2,3,6 57,188 * NRG ENERGY INC COM NEW 629377508 8,800 500,000 SH DEFINED 1,2,3,4 500,000 * OWENS CORNING NEW COM 690742101 5,650 625,000 SH DEFINED 1,2,3,4 625,000 * PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 36,264 1,480,178 SH DEFINED 1,2,3,4 1,480,178 * PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,285 75,000 SH DEFINED 1,2,3,7 75,000 * PIKE ELEC CORP COM 721283109 6,073 656,586 SH DEFINED 1,2,3,4 656,586 * PT INDOSAT TBK SPONSORED ADR 744383100 2,486 125,000 SH DEFINED 1,2,3,8 125,000 * TENARIS S A SPONSORED ADR 88031M109 2,314 114,718 SH DEFINED 1,2,3,9 114,718 * TIME WARNER CABLE INC CL A 88732J108 42,637 1,719,251 SH DEFINED 1,2,3,4 1,719,251 * TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 7,244 589,414 SH DEFINED 1,2,3,4 589,414 * VOTORANTIM CELULOSE E PAPEL SPONSORED ADR 92906P106 2,830 646,054 SH DEFINED 1,2,3,4 646,054 A D C TELECOMMUNICATIONS FRNT 6/1 000886AB7 7,857 13,733,000 PRN DEFINED 1,2,3,4 13,733,000 AFFORDABLE RESIDENTIAL CMNTY NOTE 7.500% 8/1 00828UAB9 114 117,000 PRN DEFINED 1,2,3,4 117,000 AFFYMETRIX INC NOTE 3.500% 1/1 00826TAG3 4,270 8,095,000 PRN DEFINED 1,2,3,4 8,095,000 AGERE SYS INC NOTE 6.500%12/1 00845VAA8 9,641 9,555,000 PRN DEFINED 1,2,3,4 9,555,000 AIRTRAN HLDGS INC NOTE 7.000% 7/0 00949PAB4 5,864 7,718,000 PRN DEFINED 1,2,3,4 7,718,000 ALBANY INTL CORP NOTE 2.250% 3/1 012348AC2 4,743 8,410,000 PRN DEFINED 1,2,3,4 8,410,000 ALLERGAN INC NOTE 1.500% 4/0 018490AL6 50,843 48,970,000 PRN DEFINED 1,2,3,4 48,970,000 ALLIANCE HEALTHCARE SRVCS IN COM NEW 018606202 147,077 21,629,005 SH DEFINED 1,2,3,4 21,629,005 ALLIANT TECHSYSTEMS INC NOTE 2.750% 9/1 018804AN4 7,875 8,230,000 PRN DEFINED 1,2,3,4 8,230,000 AMERICAN MED SYS HLDGS INC NOTE 3.250% 7/0 02744MAA6 28,632 34,689,000 PRN DEFINED 1,2,3,4 34,689,000 AMERIGROUP CORP NOTE 2.000% 5/1 03073TAB8 64,571 72,200,000 PRN DEFINED 1,2,3,4 72,200,000 AMGEN INC NOTE 0.125% 2/0 031162AN0 41,915 44,735,000 PRN DEFINED 1,2,3,4 44,735,000 AMGEN INC NOTE 0.375% 2/0 031162AQ3 44,643 48,880,000 PRN DEFINED 1,2,3,4 48,880,000 AMYLIN PHARMACEUTICALS INC NOTE 2.500% 4/1 032346AD0 14,449 16,706,000 PRN DEFINED 1,2,3,4 16,706,000 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 31,994 33,435,000 PRN DEFINED 1,2,3,4 33,435,000 ARCHER DANIELS MIDLAND CO UNIT 99/99/9999 039483201 4,862 175,000 SH DEFINED 1,2,3,4 175,000 ARRIS GROUP INC NOTE 2.000%11/1 04269QAC4 23,199 30,495,000 PRN DEFINED 1,2,3,4 30,495,000 ASM INTL NV NOTE 4.250%12/0 00207DAG7 8,842 12,582,000 PRN DEFINED 1,2,3,4 12,582,000 ASPECT MED SYS INC NOTE 2.500% 6/1 045235AB4 2,197 4,100,000 PRN DEFINED 1,2,3,4 4,100,000 ASPEN INSURANCE HOLDINGS LTD PFD PRP INC EQ G05384113 25,409 627,380 SH DEFINED 1,2,3,4 627,380 ATS MED INC NOTE 6.000%10/1 002083AB9 1,036 1,250,000 PRN DEFINED 1,2,3,4 1,250,000 BARNES GROUP INC NOTE 3.375% 3/1 067806AD1 12,717 20,030,000 PRN DEFINED 1,2,3,4 20,030,000 BARNES GROUP INC NOTE 3.750% 8/0 067806AB5 13,991 16,070,000 PRN DEFINED 1,2,3,4 16,070,000 BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 27,413 34,175,000 PRN DEFINED 1,2,3,4 34,175,000 BAUER EDDIE HLDGS INC NOTE 5.250% 4/0 071625AB3 150 750,000 PRN DEFINED 1,2,3,4 750,000 BRISTOW GROUP INC NOTE 3.000% 6/1 110394AC7 17,802 30,075,000 PRN DEFINED 1,2,3,4 30,075,000 BRISTOW GROUP INC PFD CNV 5.50% 110394400 775 25,000 SH DEFINED 1,2,3,4 25,000 CACI INTL INC NOTE 2.125% 5/0 127190AD8 16,685 19,310,000 PRN DEFINED 1,2,3,4 19,310,000 CARRIZO OIL & CO INC NOTE 4.375% 6/0 144577AA1 18,685 36,195,000 PRN DEFINED 1,2,3,4 36,195,000 CELANESE CORP DEL PFD 4.25% CONV 150870202 12,303 603,100 SH DEFINED 1,2,3,4 603,100 CELL GENESYS INC NOTE 3.125%11/0 150921AB0 1,260 3,000,000 PRN DEFINED 1,2,3,4 3,000,000 CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 2,612 6,000,000 PRN DEFINED 1,2,3,4 6,000,000 CERADYNE INC NOTE 2.875%12/1 156710AA3 4,079 5,000,000 PRN DEFINED 1,2,3,4 5,000,000 CHATTEM INC NOTE 1.625% 5/0 162456AR8 27,234 34,215,000 PRN DEFINED 1,2,3,4 34,215,000 CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 16,415 22,600,000 PRN DEFINED 1,2,3,4 22,600,000 CHESAPEAKE ENERGY CORP NOTE 2.250%12/1 165167CB1 41,562 79,690,000 PRN DEFINED 1,2,3,4 79,690,000 CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 45,737 60,403,000 PRN DEFINED 1,2,3,4 60,403,000 CHINA MED TECHNOLOGIES INC NOTE 4.000% 8/1 169483AC8 14,173 30,810,000 PRN DEFINED 1,2,3,4 30,810,000 CIENA CORP NOTE 0.250% 5/0 171779AB7 51,242 84,109,000 PRN DEFINED 1,2,3,4 84,109,000 CIT GROUP INC UNIT 99/99/9999 125581405 2,165 446,300 SH DEFINED 1,2,3,4 446,300 CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 33,652 32,500,000 PRN DEFINED 1,2,3,4 32,500,000 CONMED CORP NOTE 2.500%11/1 207410AD3 13,450 17,000,000 PRN DEFINED 1,2,3,4 17,000,000 CONTINENTAL AIRLS INC NOTE 5.000% 6/1 210795PJ3 43,788 53,750,000 PRN DEFINED 1,2,3,4 53,750,000 CORE LABORATORIES LP NOTE 0.250%10/3 21868FAB9 52,447 53,795,000 PRN DEFINED 1,2,3,4 53,795,000 COVANTA HLDG CORP DBCV 1.000% 2/0 22282EAA0 46,342 58,854,000 PRN DEFINED 1,2,3,4 58,854,000 CRAY INC NOTE 3.000%12/0 225223AB2 2,846 2,983,000 PRN DEFINED 1,2,3,4 2,983,000 CSG SYS INTL INC NOTE 2.500% 6/1 126349AB5 27,553 30,700,000 PRN DEFINED 1,2,3,4 30,700,000 CTS CORP NOTE 2.125% 5/0 126501AC9 13,006 13,104,000 PRN DEFINED 1,2,3,4 13,104,000 CUBIST PHARMACEUTICALS INC NOTE 2.250% 6/1 229678AC1 52,700 65,585,000 PRN DEFINED 1,2,3,4 65,585,000 CV THERAPEUTICS INC NOTE 2.000% 5/1 126667AD6 2,864 2,900,000 PRN DEFINED 1,2,3,4 2,900,000 CV THERAPEUTICS INC NOTE 2.750% 5/1 126667AF1 4,489 4,000,000 PRN DEFINED 1,2,3,4 4,000,000 DIODES INC NOTE 2.250%10/0 254543AA9 3,121 4,000,000 PRN DEFINED 1,2,3,4 4,000,000 DIXIE GROUP INC SDCV 7.000% 5/1 255519AA8 237 280,000 PRN DEFINED 1,2,3,4 280,000 E M C CORP MASS NOTE 1.750%12/0 268648AM4 21,794 22,000,000 PRN DEFINED 1,2,3,4 22,000,000 E M C CORP MASS NOTE 1.750%12/0 268648AK8 54,355 54,400,000 PRN DEFINED 1,2,3,4 54,400,000 EARTHLINK INC NOTE 3.250%11/1 270321AA0 29,709 30,850,000 PRN DEFINED 1,2,3,4 30,850,000 ENDEAVOR INTL CORP INC NOTE 6.000% 1/1 29257MAB6 3,705 6,150,000 PRN DEFINED 1,2,3,4 6,150,000 ENERSYS NOTE 3.375% 6/0 29275YAA0 3,840 6,000,000 PRN DEFINED 1,2,3,4 6,000,000 EPICOR SOFTWARE CORP NOTE 2.375% 5/1 29426LAA6 2,804 5,000,000 PRN DEFINED 1,2,3,4 5,000,000 EPIX PHARMACEUTICALS INC NOTE 3.000% 6/1 26881QAB7 225 1,950,000 PRN DEFINED 1,2,3,4 1,950,000 EQUINIX INC NOTE 2.500% 4/1 29444UAF3 61,612 73,805,000 PRN DEFINED 1,2,3,4 73,805,000 EQUINIX INC NOTE 3.000%10/1 29444UAG1 6,839 9,495,000 PRN DEFINED 1,2,3,4 9,495,000 EURONET WORLDWIDE INC DBCV 1.625%12/1 298736AD1 8,045 8,350,000 PRN DEFINED 1,2,3,4 8,350,000 EURONET WORLDWIDE INC NOTE 3.500%10/1 298736AF6 3,532 4,840,000 PRN DEFINED 1,2,3,4 4,840,000 FEDERAL MOGUL CORP COM 313549404 5,328 797,600 SH DEFINED 1,2,3,4 797,600 FEI CO NOTE 2.875% 6/0 30241LAF6 9,834 11,774,000 PRN DEFINED 1,2,3,4 11,774,000 FIFTH THIRD BANCORP CNV PFD DEP1/250 316773209 23,936 591,000 SH DEFINED 1,2,3,4 591,000 FINANCIAL FED CORP DBCV 2.000% 4/1 317492AF3 5,009 5,000,000 PRN DEFINED 1,2,3,4 5,000,000 FIVE STAR QUALITY CARE INC NOTE 3.750%10/1 33832DAB2 4,161 10,850,000 PRN DEFINED 1,2,3,4 10,850,000 GENERAL MTRS CORP DEB SR CONV B 370442733 760 280,000 PRN DEFINED 1,2,3,4 280,000 GENESCO INC SDCV 4.125% 6/1 371532AN2 2,069 2,000,000 PRN DEFINED 1,2,3,4 2,000,000 GILEAD SCIENCES INC NOTE 0.500% 5/0 375558AG8 35,792 28,427,000 PRN DEFINED 1,2,3,4 28,427,000 GLOBAL CROSSING LTD NOTE 5.000% 5/1 37932JAA1 6,411 12,510,000 PRN DEFINED 1,2,3,4 12,510,000 GLOBAL INDS LTD DBCV 2.750% 8/0 379336AE0 5,473 15,850,000 PRN DEFINED 1,2,3,4 15,850,000 GOODRICH PETE CORP NOTE 3.250%12/0 382410AB4 43,162 57,935,000 PRN DEFINED 1,2,3,4 57,935,000 GRAVITY CO LTD SPONSORED ADR 38911N107 210 327,181 SH DEFINED 1,2,3,4 327,181 GREATBATCH INC SDCV 2.250% 6/1 39153LAB2 6,718 8,840,000 PRN DEFINED 1,2,3,4 8,840,000 GRIFFON CORP NOTE 4.000% 7/1 398433AC6 19,510 20,978,000 PRN DEFINED 1,2,3,4 20,978,000 HOLOGIC INC FRNT 2.000%12/1 436440AA9 35,103 51,490,000 PRN DEFINED 1,2,3,4 51,490,000 HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 32,051 52,990,000 PRN DEFINED 1,2,3,4 52,990,000 HOSPITALITY PPTYS TR NOTE 3.800% 3/1 44106MAK8 33,398 46,000,000 PRN DEFINED 1,2,3,4 46,000,000 HUTCHINSON TECHNOLOGY INC NOTE 2.250% 3/1 448407AE6 1,710 1,960,000 PRN DEFINED 1,2,3,4 1,960,000 HUTCHINSON TECHNOLOGY INC NOTE 3.250% 1/1 448407AF3 1,090 4,000,000 PRN DEFINED 1,2,3,4 4,000,000 ICONIX BRAND GROUP INC NOTE 1.875% 6/3 451055AB3 2,627 4,000,000 PRN DEFINED 1,2,3,4 4,000,000 INFORMATICA CORP NOTE 3.000% 3/1 45666QAB8 36,909 36,950,000 PRN DEFINED 1,2,3,4 36,950,000 INTERNATIONAL GAME TECHNOLOG DBCV 2.600%12/1 459902AP7 4,386 4,500,000 PRN DEFINED 1,2,3,4 4,500,000 INVERNESS MED INNOVATIONS IN NOTE 3.000% 5/1 46126PAD8 9,662 11,400,000 PRN DEFINED 1,2,3,4 11,400,000 INVERNESS MED INNOVATIONS IN PFD CONV SER B 46126P304 38,035 230,945 SH DEFINED 1,2,3,4 230,945 INVITROGEN CORP NOTE 1.500% 2/1 46185RAK6 41,651 46,415,000 PRN DEFINED 1,2,3,4 46,415,000 INVITROGEN CORP NOTE 2.000% 8/0 46185RAJ9 21,657 20,000,000 PRN DEFINED 1,2,3,4 20,000,000 INVITROGEN CORP NOTE 3.250% 6/1 46185RAM2 23,072 24,005,000 PRN DEFINED 1,2,3,4 24,005,000 ITRON INC NOTE 2.500% 8/0 465741AJ5 29,015 29,400,000 PRN DEFINED 1,2,3,4 29,400,000 JDS UNIPHASE CORP NOTE 1.000% 5/1 46612JAD3 18,875 30,000,000 PRN DEFINED 1,2,3,4 30,000,000 JETBLUE AIRWAYS CORP DBCV 3.750% 3/1 477143AC5 1,987 2,231,000 PRN DEFINED 1,2,3,4 2,231,000 JOHNSON CTLS INC NOTE 6.500% 9/3 478366AS6 24,466 19,000,000 PRN DEFINED 1,2,3,4 19,000,000 KENDLE INTERNATIONAL INC NOTE 3.375% 7/1 48880LAA5 16,561 21,295,000 PRN DEFINED 1,2,3,4 21,295,000 KEYCORP NEW PFD 7.75% SR A 493267405 54,938 778,607 SH DEFINED 1,2,3,4 778,607 KING PHARMACEUTICALS INC NOTE 1.250% 4/0 495582AJ7 8,611 12,294,000 PRN DEFINED 1,2,3,4 12,294,000 KULICKE & SOFFA INDS INC NOTE 0.875% 6/0 501242AT8 4,322 9,023,000 PRN DEFINED 1,2,3,4 9,023,000 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 64,852 66,617,000 PRN DEFINED 1,2,3,4 66,617,000 LAWSON SOFTWARE INC NEW NOTE 2.500% 4/1 52078PAA0 16,894 21,385,000 PRN DEFINED 1,2,3,4 21,385,000 LECROY CORP NOTE 4.000%10/1 52324WAB5 1,580 3,967,000 PRN DEFINED 1,2,3,4 3,967,000 LIFETIME BRANDS INC NOTE 4.750% 7/1 53222QAB9 2,106 4,680,000 PRN DEFINED 1,2,3,4 4,680,000 LODGIAN INC COM PAR $.01 54021P403 5,857 2,788,865 SH DEFINED 1,2,3,4 2,788,865 LSI CORPORATION NOTE 4.000% 5/1 502161AJ1 1,900 2,000,000 PRN DEFINED 1,2,3,4 2,000,000 LUCENT TECHNOLOGIES INC DBCV 2.750% 6/1 549463AG2 7,993 9,000,000 PRN DEFINED 1,2,3,4 9,000,000 MAGMA DESIGN AUTOMATION NOTE 2.000% 5/1 559181AC6 1,550 2,463,000 PRN DEFINED 1,2,3,4 2,463,000 MAXTOR CORP NOTE 2.375% 8/1 577729AE6 10,825 16,580,000 PRN DEFINED 1,2,3,4 16,580,000 MAXTOR CORP NOTE 6.800% 4/3 577729AC0 8,252 8,524,000 PRN DEFINED 1,2,3,4 8,524,000 MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 10,890 13,648,000 PRN DEFINED 1,2,3,4 13,648,000 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 54,559 57,612,000 PRN DEFINED 1,2,3,4 57,612,000 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 933 1,044,000 PRN DEFINED 1,2,3,4 1,044,000 MERCURY COMPUTER SYS NOTE 2.000% 5/0 589378AB4 2,863 2,877,000 PRN DEFINED 1,2,3,4 2,877,000 MERIX CORP NOTE 4.000% 5/1 590049AB8 1,109 4,175,000 PRN DEFINED 1,2,3,4 4,175,000 MICRON TECHNOLOGY INC NOTE 1.875% 6/0 595112AH6 12,282 26,500,000 PRN DEFINED 1,2,3,4 26,500,000 MILLIPORE CORP NOTE 3.750% 6/0 601073AD1 942 1,000,000 PRN DEFINED 1,2,3,4 1,000,000 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 24,948 24,205,000 PRN DEFINED 1,2,3,4 24,205,000 MYLAN INC NOTE 1.250% 3/1 628530AG2 18,652 21,500,000 PRN DEFINED 1,2,3,4 21,500,000 NATIONAL CITY CORP NOTE 4.000% 2/0 635405AW3 2,750 3,000,000 PRN DEFINED 1,2,3,4 3,000,000 NATIONAL RETAIL PROPERTIES I NOTE 5.125% 6/1 637417AC0 11,165 14,500,000 PRN DEFINED 1,2,3,4 14,500,000 NETWORK EQUIP TECHNOLOGIES NOTE 3.750%12/1 641208AC7 1,426 2,500,000 PRN DEFINED 1,2,3,4 2,500,000 NETWORK EQUIP TECHNOLOGIES SDCV 7.250% 5/1 641208AA1 1,837 2,826,000 PRN DEFINED 1,2,3,4 2,826,000 NEWMONT MINING CORP NOTE 3.000% 2/1 651639AK2 42,655 34,408,000 PRN DEFINED 1,2,3,4 34,408,000 NEWPORT CORP NOTE 2.500% 2/1 651824AB0 9,036 13,197,000 PRN DEFINED 1,2,3,4 13,197,000 NEXTEL COMMUNICATIONS INC NOTE 5.250% 1/1 65332VAY9 8,306 8,550,000 PRN DEFINED 1,2,3,4 8,550,000 NII HLDGS INC NOTE 2.750% 8/1 62913FAF9 44,566 48,500,000 PRN DEFINED 1,2,3,4 48,500,000 NII HLDGS INC NOTE 3.125% 6/1 62913FAJ1 12,148 16,920,000 PRN DEFINED 1,2,3,4 16,920,000 OMNICARE INC DBCV 3.250%12/1 681904AL2 5,915 9,000,000 PRN DEFINED 1,2,3,4 9,000,000 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AG0 57,900 85,600,000 PRN DEFINED 1,2,3,4 85,600,000 ON SEMICONDUCTOR CORP NOTE 4/1 682189AE5 10,340 11,000,000 PRN DEFINED 1,2,3,4 11,000,000 OVERSTOCK COM INC DEL NOTE 3.750%12/0 690370AB7 2,937 5,500,000 PRN DEFINED 1,2,3,4 5,500,000 PALM HARBOR HOMES NOTE 3.250% 5/1 696639AB9 769 2,866,000 PRN DEFINED 1,2,3,4 2,866,000 PARKER DRILLING CO NOTE 2.125% 7/1 701081AR2 3,120 5,455,000 PRN DEFINED 1,2,3,4 5,455,000 PENN VA CORP NOTE 4.500%11/1 707882AA4 25,088 41,860,000 PRN DEFINED 1,2,3,4 41,860,000 PHARMACEUTICAL RES INC NOTE 2.875% 9/3 717125AC2 18,939 20,163,000 PRN DEFINED 1,2,3,4 20,163,000 PIONEER NAT RES CO NOTE 2.875% 1/1 723787AH0 8,038 10,840,000 PRN DEFINED 1,2,3,4 10,840,000 PROTEIN DESIGN LABS INC NOTE 2.000% 2/1 74369LAF0 13,179 15,500,000 PRN DEFINED 1,2,3,4 15,500,000 PROTEIN DESIGN LABS INC NOTE 2.750% 8/1 74369LAD5 12,243 12,763,000 PRN DEFINED 1,2,3,4 12,763,000 PRUDENTIAL FINL INC FRNT 12/1 744320AJ1 52,511 53,700,000 PRN DEFINED 1,2,3,4 53,700,000 QWEST COMMUNICATIONS INTL IN NOTE 3.500%11/1 749121BY4 77,260 83,513,000 PRN DEFINED 1,2,3,4 83,513,000 RADISYS CORP NOTE 2.750% 2/1 750459AE9 3,123 4,750,000 PRN DEFINED 1,2,3,4 4,750,000 RAMBUS INC DEL NOTE 2/0 750917AB2 16,925 18,087,000 PRN DEFINED 1,2,3,4 18,087,000 RAYONIER TRS HLDGS INC NOTE 3.750%10/1 75508AAB2 856 945,000 PRN DEFINED 1,2,3,4 945,000 RHI ENTMT INC DEL COM 74957T104 292 143,308 SH DEFINED 1,2,3,4 143,308 RICHARDSON ELECTRS LTD NOTE 7.750%12/1 763165AE7 1,534 1,989,000 PRN DEFINED 1,2,3,4 1,989,000 RICHARDSON ELECTRS LTD NOTE 8.000% 6/1 763165AG2 1,771 2,240,000 PRN DEFINED 1,2,3,4 2,240,000 SANDISK CORP NOTE 1.000% 5/1 80004CAC5 4,536 7,500,000 PRN DEFINED 1,2,3,4 7,500,000 SAVVIS INC NOTE 3.000% 5/1 805423AA8 6,441 11,334,000 PRN DEFINED 1,2,3,4 11,334,000 SCHERING PLOUGH CORP PFD CONV MAN07 806605705 5,726 27,200 SH DEFINED 1,2,3,4 27,200 SEACOR HOLDINGS INC DBCV 2.875%12/1 811904AJ0 16,316 17,050,000 PRN DEFINED 1,2,3,4 17,050,000 SEPRACOR INC NOTE 10/1 817315AW4 8,346 8,615,000 PRN DEFINED 1,2,3,4 8,615,000 SESI L L C NOTE 1.500%12/1 78412FAH7 43,537 60,043,000 PRN DEFINED 1,2,3,4 60,043,000 SFBC INTL INC NOTE 2.250% 8/1 784121AB1 15,783 15,973,000 PRN DEFINED 1,2,3,4 15,973,000 SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 5,785 8,590,000 PRN DEFINED 1,2,3,4 8,590,000 SONOSITE INC NOTE 3.750% 7/1 83568GAA2 5,307 6,100,000 PRN DEFINED 1,2,3,4 6,100,000 ST MARY LD & EXPL CO NOTE 3.500% 4/0 792228AD0 44,075 61,492,000 PRN DEFINED 1,2,3,4 61,492,000 STEWART ENTERPRISES INC NOTE 3.125% 7/1 860370AH8 7,092 11,416,000 PRN DEFINED 1,2,3,4 11,416,000 SUNPOWER CORP DBCV 0.750% 8/0 867652AB5 28,877 33,850,000 PRN DEFINED 1,2,3,4 33,850,000 SUNTECH PWR HLDGS CO LTD NOTE 0.250% 2/1 86800CAC8 24,351 26,521,000 PRN DEFINED 1,2,3,4 26,521,000 SUNTECH PWR HLDGS CO LTD NOTE 3.000% 3/1 86800CAE4 7,612 15,500,000 PRN DEFINED 1,2,3,4 15,500,000 SYBASE INC NOTE 1.750% 2/2 871130AB6 2,205 1,760,000 PRN DEFINED 1,2,3,4 1,760,000 SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 44,571 45,030,000 PRN DEFINED 1,2,3,4 45,030,000 SYNAPTICS INC NOTE 0.750%12/0 87157DAB5 6,860 6,923,000 PRN DEFINED 1,2,3,4 6,923,000 TECH DATA CORP DBCV 2.750%12/1 878237AE6 13,246 15,037,000 PRN DEFINED 1,2,3,4 15,037,000 TELKONET INC COM 879604106 1,697 1,321,720 SH DEFINED 1,2,3,4 1,321,720 TEVA PHARMACEUTICAL FIN CO B NOTE 1.750% 2/0 88165FAA0 113,788 104,503,000PRN DEFINED 1,2,3,4 104,503,000 TRANSOCEAN INC NOTE 1.500%12/1 893830AW9 13,660 16,480,000 PRN DEFINED 1,2,3,4 16,480,000 TRANSOCEAN INC NOTE 1.500%12/1 893830AV1 52,837 61,460,000 PRN DEFINED 1,2,3,4 61,460,000 TRANSOCEAN INC NOTE 1.625%12/1 893830AU3 41,551 45,255,000 PRN DEFINED 1,2,3,4 45,255,000 TREX INC NOTE 6.000% 7/0 89531PAA3 525 1,050,000 PRN DEFINED 1,2,3,4 1,050,000 TRICO MARINE SERVICES INC NOTE 3.000% 1/1 896106AQ4 5,066 33,770,000 PRN DEFINED 1,2,3,4 33,770,000 TRIUMPH GROUP INC NEW NOTE 2.625%10/0 896818AB7 19,569 20,355,000 PRN DEFINED 1,2,3,4 20,355,000 TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 5,841 9,000,000 PRN DEFINED 1,2,3,4 9,000,000 TYSON FOODS INC NOTE 3.250%10/1 902494AP8 8,898 9,820,000 PRN DEFINED 1,2,3,4 9,820,000 UAL CORP NOTE 4.500% 6/3 902549AH7 11,217 32,600,000 PRN DEFINED 1,2,3,4 32,600,000 UNISOURCE ENERGY CORP NOTE 4.500% 3/0 909205AB2 13,977 16,300,000 PRN DEFINED 1,2,3,4 16,300,000 UNITED RENTALS NORTH AMER IN NOTE 1.875%10/1 911365AH7 420 550,000 PRN DEFINED 1,2,3,4 550,000 VALEANT PHARMACEUTICALS INTL NOTE 3.000% 8/1 91911XAB0 22,010 22,390,000 PRN DEFINED 1,2,3,4 22,390,000 VALEANT PHARMACEUTICALS INTL NOTE 4.000%11/1 91911XAD6 9,657 11,665,000 PRN DEFINED 1,2,3,4 11,665,000 VORNADO RLTY L P DBCV 3.625%11/1 929043AE7 18,456 23,350,000 PRN DEFINED 1,2,3,4 23,350,000 WASTE CONNECTIONS INC NOTE 3.750% 4/0 941053AG5 18,280 17,866,000 PRN DEFINED 1,2,3,4 17,866,000 WATSON PHARMACEUTICALS INC DBCV 1.750% 3/1 942683AC7 16,277 16,694,000 PRN DEFINED 1,2,3,4 16,694,000 WEBMD CORP NOTE 1.750% 6/1 94769MAE5 21,164 22,500,000 PRN DEFINED 1,2,3,4 22,500,000 WESCO INTL INC DBCV 2.625%10/1 95082PAE5 8,862 10,100,000 PRN DEFINED 1,2,3,4 10,100,000 WILSON GREATBATCH TECHNOLOGI SDCV 2.250% 6/1 972232AB8 11,644 12,938,000 PRN DEFINED 1,2,3,4 12,938,000 WORLD ACCEP CORPORATION NOTE 3.000%10/0 981417AB4 1,551 2,405,000 PRN DEFINED 1,2,3,4 2,405,000 WRIGHT MED GROUP INC NOTE 2.625%12/0 98235TAA5 6,773 10,000,000 PRN DEFINED 1,2,3,4 10,000,000 WSP HOLDINGS LIMITED ADR 92934F104 25,781 7,044,000 SH DEFINED 1,2,3,4 7,044,000 YINGLI GREEN ENERGY HLDG CO NOTE 12/1 98584BAA1 3,540 6,000,000 PRN DEFINED 1,2,3,4 6,000,000
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