UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/2010
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: Nomura Holdings Inc.
Address: 1-9-1, Nihonbash Chuo-ku, Tokyo 103-8011, Japan
Form 13F File Number: 001-15270
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.
Persons Signing this Report on Behalf of Reporting Manager:
Name: Brendan Daly
Title: Chief Compliance Officer
Phone: 212-667-1246
Signature, Place, and Date of Signing:
/s/ Brendan Daly New York, NY 8/9/2010
--------------------------------- --------------------------------- ----------
[Signature] [City, State] [Date]
Report Type (Check only one):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 5
Form 13F Information Table Entry Total: 470
Form 13F Information Table Value Total: $1,431,342,413
--------------
(In Thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
2 28-04985 Nomura International plc
---- -------------------- ----------------------------------------------------
3 28-04993 Nomura Securities (Bermuda)
---- -------------------- ----------------------------------------------------
4 28-04983 Nomura Securities International, Inc.
---- -------------------- ----------------------------------------------------
5 14-88809 Nomura Corporate Research and Asset Management Inc.
---- -------------------- ----------------------------------------------------
6 28-04979 Nomura Securities Company, Ltd.
---- -------------------- ----------------------------------------------------
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
FRONTLINE LTD G3682E127 784 27500 SH DEFINED 2 27500 0 0
INGERSOLL-RAND PLC G47791101 3,832 107500 SH DEFINED 2 107500 0 0
NABORS INDUSTRIES LTD G6359F103 2,361 130603 SH DEFINED 2 130603 0 0
SIGNET JEWELERS LIMITED G81276100 232 8400 SH DEFINED 2 8400 0 0
UTI WORLDWIDE INC G87210103 191 15500 SH DEFINED 2 15500 0 0
MILLICOM INTL CELLULAR S A L6388F110 940 11600 SH DEFINED 1 11600 0 0
ROYAL CARIBBEAN CRUISES LTD V7780T103 2,168 93300 SH DEFINED 2 93300 0 0
AK STL HLDG CORP 001547108 1,641 137700 SH DEFINED 1 137700 0 0
AMN HEALTHCARE SERVICES INC 001744101 88 11800 SH DEFINED 1 11800 0 0
AMR CORP 001765106 183 27000 SH DEFINED 1 27000 0 0
AMR CORP 001765106 332 48100 SH DEFINED 2 48100 0 0
AT&T INC 00206R102 1,102 41605 SH DEFINED 2 41605 0 0
AU OPTRONICS CORP 002255107 1,332 150000 SH DEFINED 1 150000 0 0
ACTUANT CORP 00508XAB0 15 15000 PRN DEFINED 1 15000 0 0
ADOBE SYS INC 00724F101 8,218 305684 SH DEFINED 2 305684 0 0
ADVANCED MICRO DEVICES INC 007903AN7 986 1000000 PRN DEFINED 1 1000000 0 0
AETNA INC NEW 00817Y108 957 36042 SH DEFINED 2 36042 0 0
AIRGAS INC 009363102 677 10886 SH DEFINED 1 10886 0 0
ALASKA AIR GROUP INC 011659109 295 6400 SH DEFINED 2 6400 0 0
ALCOA INC 013817AT8 6,631 3900000 PRN DEFINED 1 3900000 0 0
ALCOA INC 013817101 4,917 488785 SH DEFINED 1 488785 0 0
ALEXION PHARMACEUTICALS INC 015351109 1,172 22910 SH DEFINED 1 22910 0 0
ALLEGHENY TECHNOLOGIES INC 01741R102 1,095 24800 SH DEFINED 1 24800 0 0
ALLEGHENY TECHNOLOGIES INC 01741R102 274 6010 SH DEFINED 2 6010 0 0
ALLERGAN INC 018490AL6 223 205000 PRN DEFINED 1 205000 0 0
ALLIANCE DATA SYSTEMS CORP 018581AD0 488 500000 PRN DEFINED 1 500000 0 0
ALLIANCE ONE INTL INC 018772103 97 27400 SH DEFINED 1 27400 0 0
ALLIANT TECHSYSTEMS INC 018804AH7 2,418 2552000 PRN DEFINED 1 2552000 0 0
ALLIANT TECHSYSTEMS INC 018804AN4 6,921 7139000 PRN DEFINED 1 7139000 0 0
AMAZON COM INC 023135106 283 2600 SH DEFINED 1 2600 0 0
AMERICAN EXPRESS CO 025816109 1,160 28757 SH DEFINED 2 28757 0 0
AMERICAN INTL GROUP INC 026874784 977 28396 SH DEFINED 1 28396 0 0
AMERICAN INTL GROUP INC 026874784 647 19049 SH DEFINED 1 19049 0 0
AMGEN INC 031162AQ3 1,731 1753000 PRN DEFINED 1 1753000 0 0
AMGEN INC 031162100 361 6880 SH DEFINED 1 6880 0 0
ANADARKO PETE CORP 032511107 5,909 163753 SH DEFINED 1 163753 0 0
ANGLOGOLD ASHANTI LTD 035128206 1,098 25327 SH DEFINED 2 25327 0 0
ANIXTER INTL INC 035290AJ4 22 24000 PRN DEFINED 1 24000 0 0
ANNALY CAP MGMT INC 035710AA0 5,390 5295000 PRN DEFINED 1 5295000 0 0
A123 SYS INC 03739T108 235 25000 SH DEFINED 1 25000 0 0
APACHE CORP 037411105 212 2519 SH DEFINED 1 2519 0 0
APACHE CORP 037411105 2,815 33003 SH DEFINED 2 33003 0 0
APOLLO GROUP INC 037604105 242 5600 SH DEFINED 2 5600 0 0
APPLE INC 037833100 251 1000 SH DEFINED 1 1000 0 0
APPLE INC 037833100 3,116 12134 SH DEFINED 2 12134 0 0
APPLIED MICRO CIRCUITS CORP 03822W406 428 40900 SH DEFINED 1 40900 0 0
ARCELORMITTAL SA LUXEMBOURG 03938LAK0 3,328 2850000 SH DEFINED 1 2850000 0 0
ARCELORMITTAL SA LUXEMBOURG 03938L104 318 11903 SH DEFINED 1 11903 0 0
ARCHER DANIELS MIDLAND CO 039483102 1,342 52000 SH DEFINED 1 52000 0 0
ARCTIC CAT INC 039670104 96 10553 SH DEFINED 1 10553 0 0
ARRIS GROUP INC 04269QAC4 62 66000 PRN DEFINED 1 66000 0 0
ARVINMERITOR INC 043353AF8 2,695 3000000 PRN DEFINED 1 3000000 0 0
ASCENT SOLAR TECHNOLOGIES IN 043635101 43 16000 SH DEFINED 1 16000 0 0
ASHLAND INC NEW 044209104 1,675 34500 SH DEFINED 2 34500 0 0
ATLAS ENERGY INC 049298102 785 28800 SH DEFINED 2 28800 0 0
AUTODESK INC 052769106 3,495 141668 SH DEFINED 2 141668 0 0
AUTOLIV INC 052800109 5,013 102600 SH DEFINED 2 102600 0 0
BP PLC 055622104 4,259 147500 SH DEFINED 1 147500 0 0
BAKER HUGHES INC 057224107 1,495 35965 SH DEFINED 1 35965 0 0
BALLY TECHNOLOGIES INC 05874B107 230 6900 SH DEFINED 2 6900 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
BANK OF AMERICA CORPORATION 060505104 4,395 305889 SH DEFINED 1 305889 0 0
BANK OF AMERICA CORPORATION 060505104 675 46348 SH DEFINED 2 46348 0 0
BANK OF AMERICA CORPORATION 060505104 337 23494 SH DEFINED 4 23494 0 0
BANK OF NEW YORK MELLON CORP 064058100 240 9591 SH DEFINED 2 9591 0 0
BANNER CORP 06652V109 79 40385 SH DEFINED 1 40385 0 0
BARCLAYS PLC 06738E204 1,390 87500 SH DEFINED 1 87500 0 0
BARCLAYS BK PLC 06740C527 14,347 459846 SH DEFINED 1 459846 0 0
BASIC ENERGY SVCS INC NEW 06985P100 106 13798 SH DEFINED 1 13798 0 0
BECKMAN COULTER INC 075811109 1,642 27240 SH DEFINED 1 27240 0 0
BED BATH & BEYOND INC 075896100 3,490 92203 SH DEFINED 2 92203 0 0
BELDEN INC 077454106 220 10000 SH DEFINED 2 10000 0 0
BERKSHIRE HATHAWAY 084670108 1,200 890 SH DEFINED 1 890 0 0
BERRY PETE CO 085789105 997 38800 SH DEFINED 2 38800 0 0
BEST BUY INC 086516AF8 504 486000 PRN DEFINED 1 486000 0 0
BEST BUY INC 086516101 2,477 73157 SH DEFINED 1 73157 0 0
BLOCK H & R INC 093671105 193 12236 SH DEFINED 2 12236 0 0
BOEING CO 097023105 1,295 20251 SH DEFINED 2 20251 0 0
BOSTON PROPERTIES INC 101121101 378 5300 SH DEFINED 1 5300 0 0
BOVIE MEDICAL CORP 10211F100 98 33110 SH DEFINED 1 33110 0 0
BRISTOL MYERS SQUIBB CO 110122108 228 9116 SH DEFINED 2 9116 0 0
BROADWIND ENERGY INC 11161T108 636 227300 SH DEFINED 1 227300 0 0
BRUKER CORP 116794108 291 24000 SH DEFINED 2 24000 0 0
CMS ENERGY CORP 125896AW0 2,907 2500000 PRN DEFINED 1 2500000 0 0
CSX CORP 126408103 311 6200 SH DEFINED 2 6200 0 0
CABLEVISION SYS CORP 12686C109 1,507 62787 SH DEFINED 1 62787 0 0
CABOT CORP 127055101 313 13000 SH DEFINED 2 13000 0 0
CACI INTL INC 127190AD8 430 438000 PRN DEFINED 1 438000 0 0
CALGON CARBON CORP 129603106 226 17100 SH DEFINED 1 17100 0 0
CALLAWAY GOLF CO 131193104 79 13100 SH DEFINED 1 13100 0 0
CAMERON INTERNATIONAL CORP 13342B105 1,714 52710 SH DEFINED 1 52710 0 0
CANADIAN SOLAR INC 136635109 500 51200 SH DEFINED 1 51200 0 0
CARDIUM THERAPEUTICS INC 141916106 43 125528 SH DEFINED 1 125528 0 0
CARNIVAL CORP 143658300 483 16000 SH DEFINED 1 16000 0 0
CARTER INC 146229109 383 14600 SH DEFINED 2 14600 0 0
CATERPILLAR INC DEL 149123101 421 6858 SH DEFINED 2 6858 0 0
CEDAR SHOPPING CTRS INC 150602209 60 10100 SH DEFINED 1 10100 0 0
CENTRAL EUROPEAN DIST CORP 153435AA0 948 1150000 PRN DEFINED 1 1150000 0 0
CENTRAL PAC FINL CORP 154760102 92 61416 SH DEFINED 1 61416 0 0
CEPHALON INC 156708AP4 2,572 2000000 PRN DEFINED 1 2000000 0 0
CEPHALON INC 156708109 2,615 46080 SH DEFINED 1 46080 0 0
CEPHALON INC 156708109 48,688 857946 SH DEFINED 2 857946 0 0
CHESAPEAKE ENERGY CORP 165167CB1 32 45000 PRN DEFINED 1 45000 0 0
CHESAPEAKE ENERGY CORP 165167107 1,876 87672 SH DEFINED 2 87672 0 0
CHEVRON CORP NEW 166764100 1,794 26437 SH DEFINED 1 26437 0 0
CHINA BAK BATTERY INC 16936Y100 34 20000 SH DEFINED 1 20000 0 0
CHINA FIRE & SEC GROUP INC 16938R103 250 27257 SH DEFINED 1 27257 0 0
CIBER INC 17163B102 85 30950 SH DEFINED 1 30950 0 0
CIENA CORP 171779AB7 185 230000 PRN DEFINED 1 230000 0 0
CIENA CORP 171779309 244 19300 SH DEFINED 1 19300 0 0
CITIGROUP INC 172967101 6,281 1670500 SH DEFINED 1 1670500 0 0
CITIGROUP INC 172967101 729 242550 SH DEFINED 1 242550 0 0
CITIGROUP INC 172967101 2,175 570146 SH DEFINED 2 570146 0 0
CITIGROUP INC 172967101 738 196467 SH DEFINED 4 196467 0 0
COACH INC 189754104 1,015 27319 SH DEFINED 2 27319 0 0
COCA COLA CO 191216100 703 13954 SH DEFINED 2 13954 0 0
COMMERCIAL METALS CO 201723103 655 49600 SH DEFINED 2 49600 0 0
COMMUNITY HEALTH SYS INC NEW 203668108 870 25700 SH DEFINED 2 25700 0 0
COMSTOCK RES INC 205768203 512 18500 SH DEFINED 2 18500 0 0
COMVERGE INC 205859101 98 11000 SH DEFINED 1 11000 0 0
CON-WAY INC 205944101 209 6981 SH DEFINED 1 6981 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
CONOCOPHILLIPS 20825C104 737 15024 SH DEFINED 1 15024 0 0
CONTINENTAL AIRLS INC 210795308 1,117 50800 SH DEFINED 2 50800 0 0
CORRECTIONS CORP AMER NEW 22025Y407 467 24500 SH DEFINED 2 24500 0 0
CUMMINS INC 231021106 366 5479 SH DEFINED 2 5479 0 0
D R HORTON INC 23331A109 3,070 312329 SH DEFINED 1 312329 0 0
D R HORTON INC 23331A109 234 23361 SH DEFINED 2 23361 0 0
DST SYS INC DEL 233326AE7 143 147000 PRN DEFINED 1 147000 0 0
DANA HOLDING CORP 235825205 434 43481 SH DEFINED 1 43481 0 0
DANAHER CORP DEL 235851AF9 1,028 952000 SH DEFINED 1 952000 0 0
DELTA AIR LINES INC DEL 247361702 275 23431 SH DEFINED 1 23431 0 0
DELTA AIR LINES INC DEL 247361702 1,986 169054 SH DEFINED 2 169054 0 0
DENBURY RES INC 247916208 1,508 101200 SH DEFINED 2 101200 0 0
DEVON ENERGY CORP NEW 25179M103 203 3339 SH DEFINED 1 3339 0 0
DEVON ENERGY CORP NEW 25179M103 8,917 144005 SH DEFINED 2 144005 0 0
DEX ONE CORP 25212W100 9,156 481933 SH DEFINED 1 481933 0 0
DISCOVERY LABORATORIES INC N 254668106 58 307436 SH DEFINED 1 307436 0 0
DIRECTV 25490A101 230 6800 SH DEFINED 1 6800 0 0
DOW CHEM CO 260543103 1,889 79641 SH DEFINED 1 79641 0 0
DOW CHEM CO 260543103 284 11721 SH DEFINED 2 11721 0 0
DRYSHIPS INC. 262498AB4 110 150000 PRN DEFINED 1 150000 0 0
DU PONT E I DE NEMOURS & CO 263534109 1,480 42800 SH DEFINED 1 42800 0 0
DU PONT E I DE NEMOURS & CO 263534109 465 13246 SH DEFINED 2 13246 0 0
DYNCORP INTL INC 26817C101 438 25000 SH DEFINED 1 25000 0 0
E M C CORP MASS 268648AM4 18,930 14959000 PRN DEFINED 1 14959000 0 0
EXCO RESOURCES INC 269279402 1,030 70500 SH DEFINED 2 70500 0 0
ECHELON CORP 27874N105 271 37000 SH DEFINED 1 37000 0 0
ECLIPSYS CORP 278856109 265 14899 SH DEFINED 1 14899 0 0
EDWARDS LIFESCIENCES CORP 28176E108 317 5663 SH DEFINED 1 5663 0 0
EL PASO CORP 28336L109 2,060 181500 SH DEFINED 2 181500 0 0
EMCORE CORP 290846104 17 20000 SH DEFINED 1 20000 0 0
EMERGENCY MEDICAL SVCS CORP 29100P102 251 5100 SH DEFINED 2 5100 0 0
ENCORE CAP GROUP INC 292554102 6,107 296318 SH DEFINED 2 296318 0 0
ENERGY CONVERSION DEVICES IN 292659109 164 40000 SH DEFINED 1 40000 0 0
ENER1 INC 29267A203 325 96300 SH DEFINED 1 96300 0 0
EQUINIX INC 29444U502 85,012 1046700 SH DEFINED 2 1046700 0 0
EVERGREEN ENERGY INC 30024B104 26 253636 SH DEFINED 1 253636 0 0
EXTERRAN HLDGS INC 30225XAA1 4,872 3795000 PRN DEFINED 1 3795000 0 0
EXXON MOBIL CORP 30231G102 2,625 45997 SH DEFINED 1 45997 0 0
FTI CONSULTING INC 302941109 431 9900 SH DEFINED 1 9900 0 0
FARMERS CAP BK CORP 309562106 65 13001 SH DEFINED 1 13001 0 0
FEDERAL MOGUL CORP 313549404 1,070 82190 SH DEFINED 1 82190 0 0
FEDEX CORP 31428X106 286 3993 SH DEFINED 2 3993 0 0
FIRST BANCORP P R 318672102 28 53400 SH DEFINED 1 53400 0 0
FIRST COMWLTH FINL CORP PA 319829107 56 10800 SH DEFINED 1 10800 0 0
FIRST FINANCIAL NORTHWEST IN 32022K102 135 34190 SH DEFINED 1 34190 0 0
FORD MTR CO DEL 345370CF5 9,582 7691000 PRN DEFINED 1 7691000 0 0
FORD MTR CO DEL 345370860 470 45146 SH DEFINED 2 45146 0 0
FOREST CITY ENTERPRISES INC 345550107 23,871 2108800 SH DEFINED 2 2108800 0 0
FORTRESS INVESTMENT GROUP LLC 34958B106 60,487,666 173599601 SH DEFINED 1 60487666 0 0
FOSSIL INC 349882100 823 23500 SH DEFINED 2 23500 0 0
FRANKLIN RES INC 354613101 237 2748 SH DEFINED 2 2748 0 0
FREEPORT-MCMORAN COPPER & GO 35671D857 4,700 79500 SH DEFINED 1 79500 0 0
FREEPORT-MCMORAN COPPER & GO 35671D857 1,920 32473 SH DEFINED 1 19923 0 12550
FREEPORT-MCMORAN COPPER & GO 35671D857 681 11240 SH DEFINED 2 11240 0 0
FUEL SYS SOLUTIONS INC 35952W103 778 30000 SH DEFINED 1 30000 0 0
FULLER H B CO 359694106 189 10000 SH DEFINED 2 10000 0 0
GSE SYS INC 36227K106 149 36799 SH DEFINED 1 36799 0 0
GAYLORD ENTMT CO NEW 367905106 23,286 1054183 SH DEFINED 2 1054183 0 0
GENERAL ELECTRIC CO 369604103 1,447 100348 SH DEFINED 1 100348 0 0
GENERAL ELECTRIC CO 369604103 861 59291 SH DEFINED 2 59291 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
GENWORTH FINL INC 37247D106 197 14758 SH DEFINED 2 14758 0 0
GENZYME CORP 372917104 1,081 21305 SH DEFINED 1 21305 0 0
GEORGIA GULF CORP 373200302 2,109 158108 SH DEFINED 1 133687 0 18529
GERBER SCIENTIFIC INC 373730100 82 15400 SH DEFINED 1 15400 0 0
GILEAD SCIENCES INC 375558103 1,957 57100 SH DEFINED 1 57100 0 0
GLOBAL INDS LTD 379336100 166 37000 SH DEFINED 2 37000 0 0
GOL LINHAS AEREAS INTLG S A 38045R107 2,012 161872 SH DEFINED 2 161872 0 0
GOLDCORP INC NEW 380956409 1,529 34871 SH DEFINED 2 34871 0 0
GOLDMAN SACHS GROUP INC 38141G104 4,026 30671 SH DEFINED 1 30671 0 0
GOLDMAN SACHS GROUP INC 38141G104 238 1796 SH DEFINED 2 1796 0 0
GOOGLE INC 38259P508 444 1000 SH DEFINED 1 1000 0 0
GRACE W R & CO DEL NEW 38388F108 202 9621 SH DEFINED 1 9621 0 0
GYMBOREE CORP 403777105 389 9112 SH DEFINED 2 9112 0 0
HSBC HLDGS PLC 404280406 286 6286 SH DEFINED 2 6286 0 0
HAMPTON ROADS BANKSHARES INC 409321106 28 37339 SH DEFINED 1 37339 0 0
HANESBRANDS INC 410345102 396 16500 SH DEFINED 2 16500 0 0
HANMI FINL CORP 410495105 65 52200 SH DEFINED 1 52200 0 0
HEALTH CARE REIT INC 42217KAP1 10 10000 PRN DEFINED 1 10000 0 0
HEALTH CARE REIT INC 42217KAQ9 73 69000 PRN DEFINED 1 69000 0 0
HEALTH CARE REIT INC 42217K106 930 22100 SH DEFINED 1 22100 0 0
HELMERICH & PAYNE INC 423452101 375 9900 SH DEFINED 2 9900 0 0
HEMISPHERX BIOPHARMA INC 42366C103 112 240235 SH DEFINED 1 240235 0 0
HEWLETT PACKARD CO 428236103 340 7821 SH DEFINED 2 7821 0 0
HOLOGIC INC 436440101 174 12520 SH DEFINED 1 12520 0 0
HONDA MOTOR LTD 438128308 3,738 130050 SH DEFINED 1 130050 0 0
HORNBECK OFFSHORE C/S 440543106 134.582 9218 SH DEFINED 1 9218 0 0
HUMAN GENOME SCIENCES INC 444903AK4 3,177 2000000 PRN DEFINED 1 2000000 0 0
HUMAN GENOME SCIENCES INC 444903108 209 9230 SH DEFINED 1 9230 0 0
ICICI BK LTD 45104G104 518 14357 SH DEFINED 2 14357 0 0
IDENIX PHARMACEUTICALS INC 45166R204 1,551 301476 SH DEFINED 2 301476 0 0
ILLINOIS TOOL WKS INC 452308109 200 4776 SH DEFINED 2 4776 0 0
INFORMATICA CORP 45666QAB8 11,876 9490000 PRN DEFINED 1 9490000 0 0
INFORMATION SERVICES GROUP I 45675Y104 96 48057 SH DEFINED 1 48057 0 0
INGERSOLL-RAND GLOBAL HLDG C 45687AAD4 4,978 2531000 SH DEFINED 1 2531000 0 0
INSMED INC 457669208 163 243071 SH DEFINED 1 243071 0 0
INNOPHOS HOLDINGS INC 45774N108 270 10360 SH DEFINED 1 10360 0 0
INTEL CORP 458140AD2 151 160000 PRN DEFINED 1 160000 0 0
INTEL CORP 458140100 1,002 50737 SH DEFINED 2 50737 0 0
INTERNATIONAL BUSINESS MACHS 459200101 389 3112 SH DEFINED 2 3112 0 0
INTERNATIONAL GAME TECHNOLOG 459902102 183 11700 SH DEFINED 1 11700 0 0
INTERNATIONAL GAME TECHNOLOG 459902102 1,777 110709 SH DEFINED 2 110709 0 0
INTL PAPER CO 460146103 663 29300 SH DEFINED 1 29300 0 0
INTL PAPER CO 460146103 4,060 176913 SH DEFINED 2 176913 0 0
INTERNATIONAL RECTIFIER CORP 460254105 372 20000 SH DEFINED 1 20000 0 0
INTERPUBLIC GROUP COS INC 460690BA7 2,005 2000000 PRN DEFINED 1 2000000 0 0
INVERNESS MED INNOVATIONS IN 46126PAD8 273 320000 SH DEFINED 1 320000 0 0
JA SOLAR HOLDINGS CO LTD 466090107 928 200000 SH DEFINED 1 200000 0 0
J CREW GROUP INC 46612H402 1,631 44000 SH DEFINED 2 44000 0 0
JPMORGAN CHASE & CO 46625H100 5,396 147395 SH DEFINED 1 147395 0 0
JPMORGAN CHASE & CO 46625H100 942 25387 SH DEFINED 2 25387 0 0
JABIL CIRCUIT INC 466313103 195 14241 SH DEFINED 2 14241 0 0
JACKSON HEWITT TAX SVCS INC 468202106 65 58304 SH DEFINED 1 58304 0 0
JAKKS PAC INC 47012E106 157 10920 SH DEFINED 1 10920 0 0
JANUS CAP GROUP INC 47102XAG0 83 84000 PRN DEFINED 1 84000 0 0
JARDEN CORP 471109108 209 7800 SH DEFINED 2 7800 0 0
JEFFERIES GROUP INC NEW 472319102 1,648 78220 SH DEFINED 1 78220 0 0
JO-ANN STORES INC 47758P307 281 7500 SH DEFINED 2 7500 0 0
JOHNSON & JOHNSON 478160104 737 12444 SH DEFINED 2 12444 0 0
JOHNSON CTLS INC 478366107 247 9068 SH DEFINED 2 9068 0 0
K V PHARMACEUTICAL CO 482740206 62 73890 SH DEFINED 1 73890 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
KAISER ALUMINUM CORP 483007704 20,101 579800 SH DEFINED 2 579800 0 0
KB HOME 48666K109 181 16462 SH DEFINED 2 16462 0 0
KELLY SVCS INC 488152208 162 10960 SH DEFINED 1 10960 0 0
KINDRED HEALTHCARE INC 494580103 128 10000 SH DEFINED 2 10000 0 0
KING PHARMACEUTICALS INC 495582AJ7 304 350000 PRN DEFINED 1 350000 0 0
KINROSS GOLD CORP 496902404 815 47705 SH DEFINED 2 47705 0 0
KITE RLTY GROUP TR 49803T102 85 20403 SH DEFINED 1 20403 0 0
KORN FERRY INTL 500643200 159 11500 SH DEFINED 2 11500 0 0
KRAFT FOODS INC 50075N104 588 20909 SH DEFINED 2 20909 0 0
L-1 IDENTITY SOLUTIONS INC 50212A106 1,107 135255 SH DEFINED 1 135255 0 0
L-3 COMMUNICATIONS CORP 502413AW7 3,658 3657000 PRN DEFINED 1 3657000 0 0
LA Z BOY INC 505336107 159 21500 SH DEFINED 2 21500 0 0
LABRANCHE & CO INC 505447102 73 17136 SH DEFINED 1 17136 0 0
LEAR CORP 521865204 1,529 23104 SH DEFINED 1 20284 0 2820
LENNAR CORP 526057104 276 19900 SH DEFINED 1 19900 0 0
LENNAR CORP 526057104 200 14115 SH DEFINED 2 14115 0 0
LEVEL 3 COMMUNICATIONS INC 52729NBF6 114 120000 PRN DEFINED 1 120000 0 0
LEXINGTON REALTY TRUST 529043101 100 16800 SH DEFINED 1 16800 0 0
LIBERTY MEDIA CORP 530715AN1 1,066 2457000 PRN DEFINED 1 2457000 0 0
LIBERTY MEDIA CORP 530715AR2 18 30000 PRN DEFINED 1 30000 0 0
LIFEPOINT HOSPITALS INC 53219LAH2 495 540000 PRN DEFINED 1 540000 0 0
LINEAR TECHNOLOGY CORP 535678AC0 90 92000 PRN DEFINED 1 92000 0 0
LYDALL INC DEL 550819106 108 14162 SH DEFINED 1 14162 0 0
MF GLOBAL LTD 55276YAB2 639 625000 PRN DEFINED 1 625000 0 0
MF GLOBAL HLDGS LTD 55277J108 25,124 4400000 SH DEFINED 2 4400000 0 0
MGM MIRAGE 552953101 776 80555 SH DEFINED 1 80555 0 0
MANITOWOC INC 563571108 854 93500 SH DEFINED 1 93500 0 0
MANNATECH INC 563771104 57 28675 SH DEFINED 1 28675 0 0
MARKET VECTORS ETF TR 57060U100 2,598 50000 SH DEFINED 1 50000 0 0
MARRIOTT INTL INC NEW 571903202 1,819 58978 SH DEFINED 2 58978 0 0
MASCO CORP 574599BB1 1,035 2021000 SH DEFINED 1 2021000 0 0
MAXTOR CORP 577729AE6 26 26000 PRN DEFINED 1 26000 0 0
MCCLATCHY CO 579489105 145 40000 SH DEFINED 1 40000 0 0
MCDERMOTT INTL INC 580037109 1,054 48000 SH DEFINED 2 48000 0 0
MCDONALDS CORP 580135101 1,258 18854 SH DEFINED 2 18854 0 0
MEAD JOHNSON NUTRITION CO 582839106 5,017 100100 SH DEFINED 1 100100 0 0
MECHEL OAO 583840103 1,779 94368 SH DEFINED 2 94368 0 0
MEDCATH CORP 58404W109 120 15294 SH DEFINED 1 15294 0 0
MEDTRONIC INC 585055AM8 2,012 2008000 PRN DEFINED 1 2008000 0 0
MENTOR GRAPHICS CORP 587200AF3 861 884000 PRN DEFINED 1 884000 0 0
MERCADOLIBRE INC 58733R102 1,208 23000 SH DEFINED 2 23000 0 0
MERCK & CO INC NEW 58933Y105 3,642 104149 SH DEFINED 1 104149 0 0
MERCK & CO INC NEW 58933Y105 439 12576 SH DEFINED 2 12576 0 0
MICROSOFT CORP 594918104 1,015 44118 SH DEFINED 1 44118 0 0
MICROSOFT CORP 594918104 1,071 45516 SH DEFINED 2 45516 0 0
MICROCHIP TECHNOLOGY INC 595017AB0 1,361 1400000 PRN DEFINED 1 1400000 0 0
MICRON TECHNOLOGY INC 595112AH6 986 1122000 PRN DEFINED 1 1122000 0 0
MICRON TECHNOLOGY INC 595112AJ2 4,490 2500000 PRN DEFINED 1 2500000 0 0
MIRANT CORP NEW 60467R100 228 21678 SH DEFINED 1 21678 0 0
MITSUBISHI UFJ FINL GROUP IN 606822104 2,280 500000 SH DEFINED 1 500000 0 0
MOBILE TELESYSTEMS OJSC 607409109 5,880 304917 SH DEFINED 2 304917 0 0
MOLSON COORS BREWING CO 60871RAA8 12 12000 PRN DEFINED 1 12000 0 0
MONSANTO CO NEW 61166W101 1,201 26201 SH DEFINED 2 26201 0 0
MORGAN STANLEY 617446448 2,521 108631 SH DEFINED 1 108631 0 0
MYLAN INC 628530AG2 393 393000 PRN DEFINED 1 393000 0 0
MYRIAD GENETICS INC 62855J104 152 10200 SH DEFINED 2 10200 0 0
NII HLDGS INC 62913F201 219 6586 SH DEFINED 2 6586 0 0
NRG ENERGY INC 629377508 8363 394353 SH DEFINED 1 376703 0 0
NYSE EURONEXT 629491101 1,447 52400 SH DEFINED 1 52400 0 0
NASH FINCH CO 631158AD4 4,667 10880000 PRN DEFINED 1 10880000 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
NATIONAL FINL PARTNERS CORP 63607P208 190 19500 SH DEFINED 1 19500 0 0
NATIONAL FUEL GAS CO N J 636180101 405 8700 SH DEFINED 2 8700 0 0
NATIONAL PENN BANCSHARES INC 637138108 70 11700 SH DEFINED 1 11700 0 0
NAUTILUS INC 63910B102 22 14516 SH DEFINED 1 14516 0 0
NAVISTAR INTL CORP BD 63934EAL2 2,018 1739000 PRN DEFINED 1 1739000 0 0
NAVISTAR INTL CORP NEW 63934E108 1,286 26150 SH DEFINED 1 26150 0 0
NETAPP INC 64110DAB0 1,447 1126000 PRN DEFINED 1 1126000 0 0
NETFLIX INC 64110L106 327 2900 SH DEFINED 2 2900 0 0
NEWELL RUBBERMAID INC 651229AH9 4,966 2740000 PRN DEFINED 1 2740000 0 0
NEWELL RUBBERMAID INC 651229106 67,466 4608357 SH DEFINED 2 4608357 0 0
NEWMONT MINING CORP 651639AH9 182 128000 PRN DEFINED 1 128000 0 0
NEWMONT MINING CORP 651639106 1,784 28900 SH DEFINED 1 28900 0 0
NORFOLK SOUTHERN CORP 655844108 231 4300 SH DEFINED 2 4300 0 0
NOVELLUS SYS INC 670008101 372 14370 SH DEFINED 2 14370 0 0
NUVASIVE INC 670704105 556 15700 SH DEFINED 1 15700 0 0
NV ENERGY INC 67073Y106 570 48300 SH DEFINED 2 48300 0 0
OCCIDENTAL PETE CORP DEL 674599105 470 6098 SH DEFINED 1 6098 0 0
OCCIDENTAL PETE CORP DEL 674599105 7,938 100509 SH DEFINED 2 100509 0 0
OIL SVC HOLDRS TR 678002106 1,901 20088 SH DEFINED 1 20088 0 0
OIL STS INTL INC 678026AB1 1,631 1208000 PRN DEFINED 1 1208000 0 0
OLD REP INTL CORP 680223AF1 1,137 955000 PRN DEFINED 1 955000 0 0
OLD SECOND BANCORP INC ILL 680277100 43 21696 SH DEFINED 1 21696 0 0
OLIN CORP 680665205 461 25500 SH DEFINED 2 25500 0 0
OMNICOM GROUP INC 681919AV8 4,987 5000000 SH DEFINED 1 5000000 0 0
ON SEMICONDUCTOR CORP 682189105 288 45200 SH DEFINED 1 45200 0 0
ONYX PHARMACEUTICALS INC 683399109 368 17073 SH DEFINED 1 17073 0 0
ORACLE CORP 68389X105 256 11864 SH DEFINED 2 11864 0 0
ORION ENERGY SYSTEMS INC 686275108 111 35314 SH DEFINED 1 35314 0 0
OSTEOTECH INC 688582105 65 20666 SH DEFINED 1 20666 0 0
OXIGENE INC 691828107 30 79941 SH DEFINED 1 79941 0 0
PHH CORP 693320202 20,099 1055668 SH DEFINED 2 1055668 0 0
P F CHANGS CHINA BISTRO INC 69333Y108 492 12420 SH DEFINED 2 12420 0 0
PACIFIC CAP BANCORP NEW 69404P101 68 94531 SH DEFINED 1 94531 0 0
PATTERSON UTI ENERGY INC 703481101 1,784 134500 SH DEFINED 2 134500 0 0
PEABODY ENERGY CORP 704549AG9 83 86000 PRN DEFINED 1 86000 0 0
PENNSYLVANIA RL ESTATE INVT 709102107 157 12870 SH DEFINED 1 12870 0 0
PEP BOYS MANNY MOE & JACK 713278109 112 12700 SH DEFINED 1 12700 0 0
PETROHAWK ENERGY CORP 716495106 1,328 78300 SH DEFINED 2 78300 0 0
PETROQUEST ENERGY INC 716748108 133 19800 SH DEFINED 2 19800 0 0
PFIZER INC 717081103 682 47890 SH DEFINED 1 47890 0 0
PFIZER INC 717081103 546 38033 SH DEFINED 2 38033 0 0
PHASE FORWARD INC 71721R406 1,668 100000 SH DEFINED 1 100000 0 0
PIONEER NAT RES CO 723787107 4,060 67000 SH DEFINED 2 67000 0 0
PLACER DOME INC 725906AK7 368 200000 SH DEFINED 1 200000 0 0
POWERSHARES QQQ TRUST 73935A104 17,989 421205 SH DEFINED 1 421205 0 0
POWERSHARES QQQ TRUST 73935A104 207 4772 SH DEFINED 2 4772 0 0
PRAXAIR INC 74005P104 241 3122 SH DEFINED 2 3122 0 0
PREMIERWEST BANCORP 740921101 75 188700 SH DEFINED 1 188700 0 0
PRIDE INTL INC DEL 74153Q102 1,104 49200 SH DEFINED 2 49200 0 0
PROCTER & GAMBLE CO 742718109 6,499 108364 SH DEFINED 1 108364 0 0
PROCTER & GAMBLE CO 742718109 606 10050 SH DEFINED 2 10050 0 0
PROLOGIS 743410AY8 1,119 1254000 PRN DEFINED 1 1254000 0 0
PROSHARES TR II 74347W858 1,884 100000 SH DEFINED 2 100000 0 0
PRUDENTIAL FINL INC 744320102 1,715 31963 SH DEFINED 1 31963 0 0
QUALITY DISTR INC FLA 74756M102 1,394 269721 SH DEFINED 1 231793 0 37928
QUEST DIAGNOSTICS INC 74834L100 228 4553 SH DEFINED 2 4553 0 0
QUESTAR CORP 748356102 545 11916 SH DEFINED 2 11916 0 0
QUICKSILVER RESOURCES INC 74837R104 871 79200 SH DEFINED 2 79200 0 0
QUIKSILVER INC 74838C106 263 71312 SH DEFINED 1 71312 0 0
QWEST COMMUNICATIONS INTL IN 749121BY4 7,013 6350000 PRN DEFINED 1 6350000 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
QWEST COMMUNICATIONS INTL IN 749121109 525 100000 SH DEFINED 1 100000 0 0
RADIO ONE INC 75040P405 23 16719 SH DEFINED 2 16719 0 0
RANGE RES CORP 75281A109 3,858 93500 SH DEFINED 2 93500 0 0
REGIONS FINANCIAL CORP NEW 7591EP100 1,307 198667 SH DEFINED 1 198667 0 0
REGIONS FINANCIAL CORP NEW 7591EP100 196 28786 SH DEFINED 2 28786 0 0
REPROS THERAPEUTICS INC 76028H100 13 38439 SH DEFINED 1 38439 0 0
REPUBLIC FIRST BANCORP INC 760416107 28 14519 SH DEFINED 1 14519 0 0
RETAIL HOLDRS TR 76127U101 3,612 42050 SH DEFINED 1 42050 0 0
RETAIL HOLDRS TR 76127U101 223 2600 SH DEFINED 2 2600 0 0
ROCK-TENN CO 772739207 670 13500 SH DEFINED 2 13500 0 0
ROCKWELL MEDICAL TECH 774374102 177 33182 SH DEFINED 1 33182 0 0
ROSETTA RESOURCES INC 777779307 425 21500 SH DEFINED 2 21500 0 0
ROWAN COS INC 779382100 217 9731 SH DEFINED 2 9731 0 0
SBA COMMUNICATIONS CORP 78388JAN6 553 554000 PRN DEFINED 1 554000 0 0
SBA COMMUNICATIONS CORP 78388J106 13,612 400257 SH DEFINED 2 400257 0 0
SK TELECOM LTD 78440P108 1,031 70000 SH DEFINED 1 70000 0 0
SK TELECOM LTD 78440P108 1,176 78700 SH DEFINED 2 78700 0 0
SPDR S&P 500 ETF TR 78462F103 11,919 115480 SH DEFINED 1 115480 0 0
SPDR GOLD TRUST 78463V107 97,786 803637 SH DEFINED 1 803637 0 0
SPDR SERIES TRUST 78464A755 499 10941 SH DEFINED 2 10941 0 0
SPDR DOW JONES INDL AVRG ETF 78467X109 16,467 168500 SH DEFINED 1 168500 0 0
SAFEWAY INC 786514208 224 11369 SH DEFINED 2 11369 0 0
ST JUDE MED INC 790849103 2,871 79571 SH DEFINED 1 79571 0 0
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SAP AG 803054204 7,576 171027 SH DEFINED 2 171027 0 0
SCHLUMBERGER LTD 806857108 601 10874 SH DEFINED 1 10874 0 0
SELECT SECTOR SPDR TR 81369Y100 11,509 405700 SH DEFINED 1 405700 0 0
SELECT SECTOR SPDR TR 81369Y100 28042 984207 SH DEFINED 2 984207 0 0
SKYWORKS SOLUTIONS INC 83088M102 236 13600 SH DEFINED 2 13600 0 0
SMITHFIELD FOODS INC 832248AR9 1,441 1500000 PRN DEFINED 1 1500000 0 0
SOLUTIA INC 834376501 2,364 180511 SH DEFINED 1 167289 0 13222
SONY CORP 835699307 3,343 125300 SH DEFINED 1 125300 0 0
SOUTH FINL GROUP INC 837841105 23 85680 SH DEFINED 1 85680 0 0
SOUTHWESTERN ENERGY CO 845467109 5,357 138643 SH DEFINED 2 138643 0 0
SPRINT NEXTEL CORP 852061100 1,482 341082 SH DEFINED 2 341082 0 0
STANLEY BLACK & DECKER INC 854502101 757 15000 SH DEFINED 1 15000 0 0
STAPLES INC 855030102 3,361 174208 SH DEFINED 2 174208 0 0
STEEL DYNAMICS INC 858119100 1,797 136300 SH DEFINED 1 136300 0 0
STRAYER ED INC 863236105 561 2700 SH DEFINED 2 2700 0 0
SUNOCO INC 86764P109 29,177 839158 SH DEFINED 1 839158 0 0
SUSQUEHANNA BANCSHARES INC P 869099101 110 13320 SH DEFINED 1 13320 0 0
SYMANTEC CORP 871503AD0 2,049 2069000 PRN DEFINED 1 2069000 0 0
SYMANTEC CORP 871503AF5 169 167000 PRN DEFINED 1 167000 0 0
TRW AUTOMOTIVE HLDGS CORP 87264S106 785 28500 SH DEFINED 1 28500 0 0
TAIWAN SEMICONDUCTOR MFG LTD 874039100 222 22410 SH DEFINED 2 22410 0 0
TAKE-TWO INTERACTIVE SOFTWAR 874054AA7 37 36000 PRN DEFINED 1 36000 0 0
TAKE-TWO INTERACTIVE SOFTWAR 874054109 29,502 3278018 SH DEFINED 2 3278018 0 0
TALBOTS INC 874161102 478 46393 SH DEFINED 1 46393 0 0
TECH DATA CORP 878237106 277 7800 SH DEFINED 1 7800 0 0
TELECOMMUNICATION SYS INC 87929J103 3,933 950000 SH DEFINED 2 950000 0 0
TERADYNE INC 880770102 839 83730 SH DEFINED 2 83730 0 0
TEREX CORP NEW 880779AV5 3,314 2470000 PRN DEFINED 1 2470000 0 0
TEVA PHARMACEUTICAL INDS LTD 881624209 1,472 28320 SH DEFINED 1 28320 0 0
TEVA PHARMACEUTICAL FIN CO B 88165FAA0 62 55000 SH DEFINED 1 55000 0 0
TEXTRON INC 883203BN0 2,874 1970000 PRN DEFINED 1 1970000 0 0
TEXTRON INC 883203101 107,705 6346800 SH DEFINED 2 6346800 0 0
THERMO FISHER SCIENTIFIC INC 883556102 734 14970 SH DEFINED 1 14970 0 0
THERMO FISHER SCIENTIFIC INC 883556102 254 5119 SH DEFINED 2 5119 0 0
TIFFANY & CO NEW 886547108 216 5636 SH DEFINED 2 5636 0 0
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------------------- -------------- --------- ---------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- ---------- --------- --- ---- ---------- -------- -------- ------ -----
TIMBERLAND CO 887100105 218 13500 SH DEFINED 2 13500 0 0
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ULTRA PETROLEUM CORP 903914109 2,411 54500 SH DEFINED 2 54500 0 0
UNION PAC CORP 907818108 233 3300 SH DEFINED 2 3300 0 0
UNIT CORP 909218109 276 6800 SH DEFINED 2 6800 0 0
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UNITED STATES STL CORP NEW 912909AE8 6,493 4650000 PRN DEFINED 1 4650000 0 0
UNITED STATES STL CORP NEW 912909108 1 29 SH DEFINED 4 29 0 0
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VCA ANTECH INC 918194101 749 30257 SH DEFINED 2 30257 0 0
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VALERO ENERGY CORP NEW 91913Y100 2,563 142599 SH DEFINED 1 142599 0 0
VEOLIA ENVIRONNEMENT 92334N103 682 29200 SH DEFINED 1 29200 0 0
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VISA INC 92826C839 120,576 1704255 SH DEFINED 1 1704255 0 0
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WELLS FARGO & CO NEW 949746101 235 9204 SH DEFINED 1 9204 0 0
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WHIRLPOOL CORP 963320106 2,846 32408 SH DEFINED 1 32408 0 0
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WINDSTREAM CORP 97381W104 110 10334 SH DEFINED 2 10334 0 0
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WYNDHAM WORLDWIDE CORP 98310W108 9,161 454905 SH DEFINED 1 454905 0 0
WYNDHAM WORLDWIDE CORP 98310W108 44,312 2199438 SH DEFINED 2 2199438 0 0
XILINX INC 983919AD3 2,085 2298000 PRN DEFINED 1 2298000 0 0
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ZOLL MED CORP 989922109 2 100 SH DEFINED 1 100 0 0