0001010521-11-000260.txt : 20110811 0001010521-11-000260.hdr.sgml : 20110811 20110811120155 ACCESSION NUMBER: 0001010521-11-000260 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110811 DATE AS OF CHANGE: 20110811 EFFECTIVENESS DATE: 20110811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MFC GLOBAL INVESTMENT MANAGEMENT (U.S.), LLC CENTRAL INDEX KEY: 0001034182 IRS NUMBER: 043168979 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03673 FILM NUMBER: 111026668 BUSINESS ADDRESS: STREET 1: 101 HUNTINGTON AVE CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 617-375-1500 MAIL ADDRESS: STREET 1: 101 HUNTINGTON AVENUE CITY: BOSTON STATE: MA ZIP: 02199 FORMER COMPANY: FORMER CONFORMED NAME: SOVEREIGN ASSET MANAGEMENT CORP/MA DATE OF NAME CHANGE: 19990329 13F-HR 1 mfc13f.txt MANULIFE ASSET MANAGEMENT (U.S.), 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: July 31, 2011 _ _______________ Check here if Amendment [ X]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries.
Institutional Investment Manager Filing this report: Name: Manulife Asset Management (U.S), LLC Address: 101 Huntington Avenue Boston, MA 02199
13F File Number: 28-03673 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 is, 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: Barry Evans ---------------------------- --------------- -------------- Title: President --------- ---------------------------- --------------- -------------- Phone: (617) 375-1500 --------- ---------------------------- --------------- Signature, Place, and Date of Signing: /s/ Barry Evans Boston, MA Aug 11, 2011 -------------------------------------- --------------- -------------- Signature Place Date
Report Type (Check only One): [ X ] 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).) [ ] 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: None ------------------------------------------------------------------------------------------------------------------------
FORM 13F SUMMARY PAGE Report Summary: Number of other included managers: 3 -------------- Form 13F information table entry total: 1008 --------------------------------------- -------------- Form 13F information table value total: $15,901,283 -------------- (thousands) List of other included managers:
Provide a numbered list of the name(s) and Form 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 1 28-11519 Manulife Financial Corporation 2 28-03983 John Hancock Life Insurance Company [U.S.A.] 3 28-04428 The Manufacturers Life Insurance Company
INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE AAR Corp COM 000361105 9 315 X 1, 2 315 0 0 ABB Ltd.-Spon ADR ADR 000375204 1,222 51,032 X 1, 2 51,032 0 0 ABN AMRO HLDG N V ADR ADR 000937102 355 7,058 X 1, 2 0 7,058 0 Aflac Inc. COM 001055102 30,740 660,758 X 1, 2 623,792 180 36,786 AMN HLTHCRE SERVICES INC COM 001744101 14,606 1,812,103 X 1, 2 1,812,103 0 0 App China Group COM 002023992 0 37,717 X 1, 2 37,717 0 0 AVI BIOPHARMA INC COM 002346104 1,241 844,302 X 1, 2 844,302 0 0 Abbott Laboratories COM 002824100 74,256 1,480,519 X 1, 2 1,453,459 3,211 23,849 ABERCROMBIE & FITCH COM 002896207 16 217 X 1, 2 217 0 0 ABITIBIBOWATER INC/NEW COM 003687209 17,645 965,275 X 1, 2 965,275 0 0 S&P500 USD Opal COM 004286774 6,910 10,000 X 1, 2 10,000 0 0 ACME PACKET INC COM 004764106 6 108 X 1, 2 108 0 0 AEGON N.V.-NY REG SHR ADR 007924103 292 44,001 X 1, 2 17,710 26,291 0 Aegon NV PFD 007924301 23,530 1,050,900 X 1, 2 1,050,900 0 0 Aegon NV PFD 007924400 7,480 338,000 X 1, 2 338,000 0 0 Agnico-Eagle Mines Ltd COM 008474108 337 6,037 X 1, 2 6,037 0 0 Air France-KLM ADR 009119108 2,108 174,118 X 1, 2 174,118 0 0 Air Products & Chemicals Inc COM 009158106 25,357 285,776 X 1, 2 285,776 0 0 AKZO NOBEL N V ADR SP COM 010199305 1,190 18,871 X 1, 2 17,400 1,180 291 Alabama Power Co PFD 010392561 4,830 193,200 X 1, 2 193,200 0 0 Alabama Power Co. PFD 010392595 39,725 1,594,733 X 1, 2 1,594,733 0 0 ALBEMARLE CORP COM 012653101 33,737 493,586 X 1, 2 469,606 125 23,855 Alcoa Inc. COM 013817101 0 16,365 X 1, 2 16,365 0 0 Alexandria Real Est Equities COM 015271109 250 3,050 X 1, 2 3,050 0 0 Align Technology Inc. COM 016255101 6,518 296,428 X 1, 2 296,428 0 0 ALLETE INC COM NEW COM 018522300 224 5,451 X 1, 2 2,691 2,761 -1 ALLIANCE DATA SYSTMS CRP COM 018581108 1,164 11,836 X 1, 2 11,836 0 0 Alliant Energy Corp. COM 018802108 17,637 447,520 X 1, 2 447,520 0 0 ALLIANZ SE-ADR ADR 018805101 1,971 141,329 X 1, 2 123,684 15,700 1,945 AMAZON.COM INC COM 023135106 95,882 430,892 X 1, 2 430,892 0 0 AMEDISYS INC COM 023436108 2,117 81,858 X 1, 2 81,858 0 0 Ameren Corp COM 023608102 18,301 635,000 X 1, 2 635,000 0 0 AMERICAN ELECTRIC POW COM 025537101 32,811 915,617 X 1, 2 904,057 8,390 3,170 American Express Co COM 025816109 21,692 433,495 X 1, 2 433,495 0 0 AMERICAN FINANCIAL GROUP PFD 025932302 26,341 1,039,100 X 1, 2 1,039,100 0 0 AMERICAN INTRNTIONAL-CW21 WTS 026874156 1 53 X 1, 2 53 0 0 American International Group Inc COM 026874784 3 100 X 1, 2 100 0 0 American Pacific Corp. COM 028740108 3,562 443,050 X 1, 2 443,050 0 0
Page 1 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE AMERICAN SCNCE & ENGINRI COM 029429107 24,300 299,524 X 1, 2 299,524 0 0 American Tower Corp COM 029912201 796 15,150 X 1, 2 15,150 0 0 American Water Works Co Inc COM 030420103 14,725 525,898 X 1, 2 525,898 0 0 AMERON INTERNATIONAL CRP COM 030710107 169 1,990 X 1, 2 1,990 0 0 Amgen COM 031162100 157,442 2,889,645 X 1, 2 2,887,948 0 1,697 Amphenol Corp COM 032095101 1,326 27,116 X 1, 2 27,116 0 0 ANADARKO PETE CORP CO COM 032511107 1,909 24,865 X 1, 2 3,010 21,855 0 ANALOG DEVICES INC COM 032654105 25,665 655,730 X 1, 2 608,283 250 47,197 Ancestry.com Inc COM 032803108 40,901 1,148,576 X 1, 2 1,148,576 0 0 Anchor Bancorp COM 032838104 2,288 250,000 X 1, 2 250,000 0 0 ANGIOTECH PHARMACEUTI COM 034918102 0 20,320 X 1, 2 0 20,320 0 ANNALY CPITL MNGMNT IN COM 035710409 3 170 X 1, 2 170 0 0 APACHE CORP COM COM 037411105 32,289 266,802 X 1, 2 259,847 6,222 733 APACHE CORP PFD 037411808 38,661 593,500 X 1, 2 593,500 0 0 APOLLO GLOBAL MNGMNT - A COM 037612306 5,853 338,117 X 1, 2 338,117 0 0 Apple Computer COM 037833100 180,811 464,168 X 1, 2 464,168 0 0 Applied Extrusion Tech - Class A COM 038196200 768 51,082 X 1, 2 51,082 0 0 ARCHER DANIELS MIDLAN COM 039483102 68,272 2,251,862 X 1, 2 2,211,001 225 40,636 ARM HOLDINGS PLC-SPONS ADR ADR 042068106 9 312 X 1, 2 312 0 0 ARTHROCARE CORP COM 043136100 3,753 113,541 X 1, 2 113,541 0 0 ARUBA NETWORKS INC COM 043176106 3 151 X 1, 2 151 0 0 ASCENT CAPITAL GROUP INC COM 043632108 3,910 81,263 X 1, 2 81,263 0 0 ASSCTD ESTATES REALTY CP COM 045604105 156 8,600 X 1, 2 8,600 0 0 ASTRAZENECA PLC-SPONS ADR ADR 046353108 1,758 35,134 X 1, 2 27,660 7,089 385 ATMEL CORP COM 049513104 10,173 840,765 X 1, 2 840,765 0 0 Atmos Energy Corp COM 049560105 27,914 835,000 X 1, 2 835,000 0 0 Atwood Oceanics Inc COM 050095108 22,831 488,894 X 1, 2 488,894 0 0 AUTODESK INC. COM 052769106 667 19,392 X 1, 2 19,392 0 0 Autoliv Inc COM 052800109 39 590 X 1, 2 590 0 0 Automatic Data Processing COM 053015103 27,266 521,347 X 1, 2 485,078 125 36,144 AVERY DENNISON CORP. COM 053611109 32,581 1,032,687 X 1, 2 1,032,687 0 0 BB&T CORP COM 054937107 46,813 1,846,640 X 1, 2 1,816,908 17,955 11,777 BAC Capital Trust II PFD 055188205 2,833 117,000 X 1, 2 117,000 0 0 BASF AG ADR SPONSORED COM 055262505 2,187 22,326 X 1, 2 16,069 6,040 217 BP P L C ADR SPONSORE COM 055622104 13,607 299,770 X 1, 2 289,405 10,365 0 Baidu.com Inc ADR 056752108 182 1,161 X 1, 2 1,161 0 0 BAKER HUGHES INC. COM 057224107 307 3,970 X 1, 2 3,970 0 0 Baltimore Gas & Electric PFD 059165688 2,067 20,250 X 1, 2 20,250 0 0
Page 2 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY ---------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE Baltimore Gas & Electric PFD 059165761 21,821 213,870 X 1, 2 213,870 0 0 BANK AMER CORP COM COM 060505104 217,142 22,437,733 X 1, 2 22,394,029 32,713 10,991 Bank of America Corp PFD 060505559 29,125 1,140,383 X 1, 2 1,140,383 0 0 Bank of America Corp PFD 060505575 11,675 500,000 X 1, 2 500,000 0 0 Bank of America Corp PFD 060505617 28,344 1,299,000 X 1, 2 1,299,000 0 0 Bank of America Corp PFD 060505682 34,070 34,953 X 1, 2 34,953 0 0 BANK OF AMERICA CORP PFD 060505740 16,409 715,000 X 1, 2 715,000 0 0 Bank of America Corp PFD 060505765 10,763 430,000 X 1, 2 430,000 0 0 Bank of Amercia Corp PFD 060505831 32,289 1,465,000 X 1, 2 1,465,000 0 0 Bank of Marin Bancorp/CA COM 063425102 521 13,524 X 1, 2 13,524 0 0 BANK OF NEW YORK MELL COM 064058100 1,284 71,922 X 1, 2 68,982 0 2,940 BAR HARBOR BANKSHARES COM 066849100 2,774 97,384 X 1, 2 97,384 0 0 Barrick Gold Corp COM 067901108 72,495 1,523,963 X 1, 2 1,523,963 0 0 BARR PHARMACEUTICALS COM 068306109 0 14,635 X 1, 2 1,600 13,035 0 BAXTER INTL INC COM 071813109 346 5,796 X 1, 2 5,706 0 90 BE AEROSPACE INC COM 073302101 9,460 237,678 X 1, 2 237,678 0 0 Becton Dickinson & Co COM 075887109 38,928 456,551 X 1, 2 434,698 110 21,743 BED BATH & BEYOND COM 075896100 1,083 18,516 X 1, 2 18,516 0 0 Berkshire Hathaway Cl B COM 084670702 36,946 502,287 X 1, 2 502,287 0 0 Berkshire Hills Bancorp COM 084680107 16,329 744,937 X 1, 2 744,937 0 0 BERRY PETROLEUM CO CL A COM 085789105 4,187 73,000 X 1, 2 73,000 0 0 BHP Billiton Ltd. ADR 088606108 3,285 34,857 X 1, 2 30,687 3,820 350 BIG LOTS INC COM 089302103 157 4,506 X 1, 2 4,506 0 0 Black Hills Corp COM 092113109 23,695 793,000 X 1, 2 793,000 0 0 BOEING CO. COM 097023105 30,253 429,308 X 1, 2 429,308 0 0 BORG WARNER INC COM 099724106 753 9,460 X 1, 2 9,460 0 0 Boston Private Financial Hldings Inc COM 101119105 1,181 170,456 X 1, 2 170,456 0 0 Boston Properties Inc COM 101121101 410 3,821 X 1, 2 3,821 0 0 Bridge Capital Holdings COM 108030107 1,689 150,564 X 1, 2 150,564 0 0 Brigham Exploration Co COM 109178103 7,354 231,258 X 1, 2 231,258 0 0 Bristol-Myers Squibb COM 110122108 1 18,505 X 1, 2 18,505 0 0 Broadcom Corp COM 111320107 1,653 44,590 X 1, 2 44,590 0 0 Bryn Mawr Bank Corp. COM 117665109 9,334 463,894 X 1, 2 463,894 0 0 CBS Corp New Class B COM 124857202 10,529 384,703 X 1, 2 384,703 0 0 CBS Corp PFD 124857400 13,014 514,400 X 1, 2 514,400 0 0 CIT GROUP INC COM COM 125581108 0 22,398 X 1, 2 2,400 19,998 0 CSX CORP COM 126408103 623 23,745 X 1, 2 0 23,745 0 CVB Financial Corp COM 126600105 6,293 649,462 X 1, 2 649,462 0 0
Page 3 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE CVS CORP COM COM 126650100 112,782 3,120,881 X 1, 2 3,118,236 0 2,645 Cabot Oil & Gas Corporation COM 127097103 207 2,797 X 1, 2 2,797 0 0 CALIFORNIA UNITED BANK COM 130781107 2,541 235,294 X 1, 2 235,294 0 0 CALPINE CORP COM 131347304 4 265 X 1, 2 265 0 0 Camden National Corp. COM 133034108 1,176 36,776 X 1, 2 36,776 0 0 Campbell Soup COM 134429109 2,463 104,813 X 1, 2 98,126 0 6,687 CANON INC-SPONS ADR ADR 138006309 1,759 36,942 X 1, 2 27,318 9,260 364 Carnival Corporation COM 143658300 24,305 729,877 X 1, 2 729,877 0 0 Carolina Power & Light Co PFD 144141405 11,961 122,875 X 1, 2 122,875 0 0 CARPENTER TECHNOLOGY COM 144285103 6,156 107,178 X 1, 2 107,178 0 0 CARREFOUR SA ADR COM 144430105 0 12,562 X 1, 2 12,562 0 0 CARREFOUR SA SPONSORE COM 144430204 882 106,708 X 1, 2 104,938 0 1,770 Carrizo Oil & Gas Inc COM 144577103 10,272 267,494 X 1, 2 267,494 0 0 Caterpillar, Inc. COM 149123101 39,243 380,527 X 1, 2 362,546 100 17,881 CATO CORP NEW CL A COM 149205106 209 7,240 X 1, 2 0 7,240 0 Celgene Corp COM 151020104 39 663 X 1, 2 663 0 0 Cemex SAB de CV ADR 151290889 1,580 184,460 X 1, 2 162,510 19,671 2,279 CEVA INC COM 157210105 16,465 544,831 X 1, 2 544,831 0 0 CHEESECAKE FACTORY (THE) COM 163072101 9 325 X 1, 2 325 0 0 CHEMTURA CORP COM 163893209 17,951 1,019,965 X 1, 2 1,019,965 0 0 CHEVRONTEXACO CORPORA COM 166764100 67,137 663,215 X 1, 2 629,593 19,844 13,778 CHINDEX INTERNATIONAL INC COM 169467107 1,238 108,280 X 1, 2 108,280 0 0 CHUBB CORP COM 171232101 1,785 40,960 X 1, 2 39,261 169 1,530 Church & Dwight Inc COM 171340102 653 16,185 X 1, 2 16,185 0 0 CINTAS CORP COM 172908105 11,714 359,892 X 1, 2 359,892 0 0 CITIGROUP INC COM COM 172967101 1 78,625 X 1, 2 40,421 37,025 1,179 CITIGROUP INC-CW19 WTS 172967226 722 1,032,125 X 1, 2 1,032,125 0 0 Citigroup Inc PFD 7.5% PFD 172967416 23,905 213,155 X 1, 2 213,155 0 0 CITIGROUP INC COM 172967424 4,476 114,795 X 1, 2 112,598 0 2,197 Citigroup Inc PFD 172967572 16,149 599,230 X 1, 2 599,230 0 0 Citigroup Capital X PFD 173064205 16,949 744,700 X 1, 2 744,700 0 0 CITIGROUP CAPITAL XIII PFD 173080201 15,159 560,000 X 1, 2 560,000 0 0 CITIZENS SOUTH BANKING CORP COM 176682102 4,023 978,792 X 1, 2 978,792 0 0 City Holding Co COM 177835105 4,457 142,521 X 1, 2 142,521 0 0 CLOROX CORP. COM 189054109 31,642 441,986 X 1, 2 441,986 0 0 Coca Cola COM 191216100 245 9,836 X 1, 2 8,126 0 1,710 Colgate-Palmolive COM 194162103 860 14,361 X 1, 2 8,668 0 5,693 Comerica Inc COM 200340107 25,095 783,487 X 1, 2 783,487 0 0
Page 4 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE COMERICA IN-CW18 WTS 200340115 4,657 493,295 X 1, 2 493,295 0 0 Commerce Bancshares Inc COM 200525103 29,804 700,063 X 1, 2 661,234 210 38,619 COMMUNITY TR BANCORP COM 204149108 228 8,220 X 1, 2 3,410 4,810 0 COMPUTER SCIENCES CORP COM 205363104 2,436 84,819 X 1, 2 60,677 19,460 4,682 Comverse Technology Inc COM 205862402 7,500 1,000,000 X 1, 2 1,000,000 0 0 Concur Technologies Inc COM 206708109 8,889 195,611 X 1, 2 195,611 0 0 CONS EDISON CO OF NY PFD 209111301 3,160 34,720 X 1, 2 34,720 0 0 CONS EDISON CO OF NY PFD 209111400 846 10,000 X 1, 2 10,000 0 0 Consolidated Edison Co of New York PFD 209111707 6,960 71,460 X 1, 2 71,460 0 0 Consolidated Edison Inc COM 209115104 17,095 325,000 X 1, 2 325,000 0 0 Constellation Energy Grp PFD 210387205 29,373 1,084,283 X 1, 2 1,084,283 0 0 Continental Airlines Financial Trust I PFD 210796306 48,068 1,356,418 X 1, 2 1,356,418 0 0 COVENTRY HEALTH CARE INC COM 222862104 12,769 399,046 X 1, 2 399,046 0 0 CREDIT SUISSE GROUP - ADR ADR 225401108 219 6,082 X 1, 2 6,082 0 0 Credit Suisse/Guernsey PFD 225448208 35,931 1,358,450 X 1, 2 1,358,450 0 0 Cresud SACIF y A ADR 226406106 205 13,510 X 1, 2 13,510 0 0 CULLEN FROST BANKERS COM 229899109 74,755 1,355,959 X 1, 2 1,316,128 210 39,621 CUMMINS INC COM 231021106 1,025 9,773 X 1, 2 9,773 0 0 DNB Financial Corp. COM 233237106 820 78,515 X 1, 2 78,515 0 0 DTE Energy Co COM 233331107 47,503 953,100 X 1, 2 953,100 0 0 DAI NIPPON PRTG LTD J COM 233806306 1,551 138,724 X 1, 2 131,589 5,075 2,060 DANA HOLDING CORP PFD 235825502 9,349 65,000 X 1, 2 65,000 0 0 Danaher Corp COM 235851102 82,115 1,672,060 X 1, 2 1,672,060 0 0 Darden Restaurants Inc COM 237194105 1,031 20,292 X 1, 2 20,292 0 0 DARLING INTERNATIONAL INC COM 237266101 14,809 877,316 X 1, 2 877,316 0 0 DEERE AND CO. COM 244199105 28,824 367,134 X 1, 2 367,134 0 0 Delta Air Lines Inc. COM 247361702 95,030 12,044,305 X 1, 2 12,044,305 0 0 Denbury Resources Inc COM 247916208 160,199 8,291,848 X 1, 2 8,291,848 0 0 DENTSPLY INTL INC COM 249030107 6,498 171,386 X 1, 2 158,371 0 13,015 DEUTSCHE BOERSE ADR COM 251542106 1,204 158,459 X 1, 2 156,061 0 2,398 Deutsche Telekom ADR 251566105 641 40,945 X 1, 2 19,785 21,160 0 DIAMONDROCK HOSPITALITY CO COM 252784301 1,770 173,200 X 1, 2 173,200 0 0 DICKS SPORTING GOODS INC COM 253393102 25 674 X 1, 2 674 0 0 DIGI INTL INC COM COM 253798102 132 10,179 X 1, 2 10,179 0 0 Digital Realty Trust Inc COM 253868103 5,283 86,315 X 1, 2 86,315 0 0 Disney (Walt) COM 254687106 6,295 174,509 X 1, 2 174,509 0 0 Discover Financial Services COM 254709108 6,620 258,503 X 1, 2 258,503 0 0 DOLLAR GENERAL CORP COM 256677105 81,153 2,579,555 X 1, 2 2,579,555 0 0
Page 5 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE DOW CHEMICAL CORP COM 260543103 3,065 109,056 X 1, 2 77,982 28,299 2,775 Dril-Quip Inc COM 262037104 2,486 35,252 X 1, 2 35,252 0 0 DuPont (E.I.) De Nemours COM 263534109 585 18,455 X 1, 2 12,010 0 6,445 Duke Realty Corp COM 264411505 2,630 245,065 X 1, 2 205,612 31,898 7,555 Duke Realty Corp PFD 264411745 8,150 338,180 X 1, 2 338,180 0 0 Duke Realty Corp PFD 264411760 8,892 371,600 X 1, 2 371,600 0 0 Duke Realty Corp PFD 264411778 27,766 1,154,025 X 1, 2 1,154,025 0 0 DUNKIN' BRANDS GROUP INC COM 265504100 868 30,001 X 1, 2 30,001 0 0 Duquesne Light 6.5% PFD 266228824 55,111 1,119,000 X 1, 2 1,119,000 0 0 ECB Bancorp COM 268253101 358 27,504 X 1, 2 27,504 0 0 EMC Corp COM 268648102 11,259 446,968 X 1, 2 446,968 0 0 E.ON AG - SPONSORED ARD ADR 268780103 2,000 70,624 X 1, 2 56,441 13,548 635 Eastern Virginia Bankshares COM 277196101 213 69,998 X 1, 2 69,998 0 0 Eaton Corp COM 278058102 1,505 29,261 X 1, 2 3,561 25,700 0 Ecolab Inc. COM 278865100 57,284 1,145,676 X 1, 2 1,145,676 0 0 ELECTRONIC ARTS INC C COM 285512109 1,528 91,241 X 1, 2 87,760 0 3,481 Emerson Electric Co. COM 291011104 42,498 785,202 X 1, 2 730,267 190 54,745 Encana Corp COM 292505104 2,228 73,265 X 1, 2 72,485 0 780 ENNIS INC COM COM 293389102 213 12,260 X 1, 2 0 12,260 0 Enterprise Products Partners COM 293792107 10 245 X 1, 2 245 0 0 Essex Property Trust Inc. COM 297178105 260 1,850 X 1, 2 1,850 0 0 EXIDE TECHNOLOGIES COM 302051206 1,121 156,545 X 1, 2 156,545 0 0 Expeditors International Washington COM 302130109 35,046 734,406 X 1, 2 734,406 0 0 Express Scripts Inc. COM 302182100 1,176 21,680 X 1, 2 21,680 0 0 FMC Corp COM 302491303 1,272 14,529 X 1, 2 14,529 0 0 FNB Corp COM 302520101 27,116 2,711,639 X 1, 2 2,711,639 0 0 FPC Capital I PFD 302552203 51,332 2,013,000 X 1, 2 2,013,000 0 0 FACTSET RSRCH SYSTEMS INC COM 303075105 10,317 112,030 X 1, 2 112,030 0 0 Freddie Mac PFD 313400624 275 94,750 X 1, 2 94,750 0 0 Federal Mogul Corp. CL A-W/I COM 313549404 662 34,548 X 1, 2 34,548 0 0 Fannie Mae PFD 313586752 1,150 483,075 X 1, 2 483,075 0 0 F5 NETWORKS INC COM 315616102 1,227 13,130 X 1, 2 13,130 0 0 Fifth Third Bancorp COM 316773100 20,630 1,630,846 X 1, 2 1,630,846 0 0 FIRST CALIFORNIA FINANCIAL G COM 319395109 2,062 563,300 X 1, 2 563,300 0 0 FIRST FINANCIAL HOLDINGS INC COM 320239106 2,726 328,059 X 1, 2 328,059 0 0 First Horizon National Corp COM 320517105 4,535 504,417 X 1, 2 504,417 0 0 FIRST MERCHANTS CORP COM 320817109 1,886 210,752 X 1, 2 210,752 0 0 FISERV INC COM COM 337738108 1,840 42,005 X 1, 2 40,550 0 1,455
Page 6 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE FIRST ENERGY COM 337932107 56,036 1,255,000 X 1, 2 1,255,000 0 0 Flushing Financial Corp COM 343873105 4,401 357,211 X 1, 2 357,211 0 0 FORD MOTOR CO-CW13 WTS 345370134 37 9,600 X 1, 2 9,600 0 0 Ford Motor Co COM 345370860 19,253 1,576,793 X 1, 2 1,576,793 0 0 FORTUNE BRANDS INC CO COM 349631101 927 14,535 X 1, 2 1,670 12,865 0 FOSTERS GROUP LTD ADR COM 350258307 600 108,776 X 1, 2 50,762 58,014 0 FRANKLIN RES INC COM 354613101 93,983 732,600 X 1, 2 716,781 85 15,734 FRESENIUS MED CARE AG COM 358029106 510 6,831 X 1, 2 0 6,831 0 GMAC CAPITAL TRUST I PFD 361860208 7,686 300,000 X 1, 2 300,000 0 0 GANNETT INC DEL COM 364730101 1,784 168,065 X 1, 2 139,138 23,160 5,767 G A P INC COM 364760108 685 37,825 X 1, 2 6,860 30,965 0 GAZPROM OAO-SPON ADR ADR 368287207 311 21,583 X 1, 2 21,583 0 0 GENERAL CABLE CORP COM 369300108 90 2,274 X 1, 2 2,274 0 0 GENERAL DYNAMICS CORP COM 369550108 2,790 48,549 X 1, 2 38,125 9,804 620 GENERAL ELEC CO COM 369604103 50,436 2,900,167 X 1, 2 2,784,553 31,440 84,174 General Electric Capital Corp PFD 369622451 3,861 154,000 X 1, 2 154,000 0 0 General Electric Capital Corp PFD 369622469 2,852 113,000 X 1, 2 113,000 0 0 General Electric Capital Corp PFD 369622527 892 35,000 X 1, 2 35,000 0 0 GENERAL GROWTH PROPERTIES COM 370023103 2,910 173,085 X 1, 2 173,085 0 0 General Mills Inc. COM 370334104 0 7,780 X 1, 2 7,780 0 0 GERON CORP COM 374163103 1,155 300,000 X 1, 2 300,000 0 0 GIANT INTERACTIVE GRO COM 374511103 119 16,162 X 1, 2 16,162 0 0 Gilead Sciences Inc COM 375558103 0 9,069 X 1, 2 9,069 0 0 Glasstech Class B COM 377265707 0 4,430 X 1, 2 4,430 0 0 Glasstech Inc Cl C COM 377265806 0 10 X 1, 2 10 0 0 GLASS TECH INC PREFERRED A PFD 377265863 143 143 X 1, 2 143 0 0 GLASS TECH INC PREFERRED B PFD 377265871 1,302 4,475 X 1, 2 4,475 0 0 GLASS TECH INC PREFERRED C PFD 377265889 0 11 X 1, 2 11 0 0 Goldcorp Inc COM 380956409 400 8,372 X 1, 2 8,372 0 0 GOODRICH CORP COM 382388106 32 338 X 1, 2 338 0 0 GOODYEAR TIRE & RUBBER PFD 382550309 5,398 100,000 X 1, 2 100,000 0 0 GRAHAM CORP COM 384556106 5,955 302,584 X 1, 2 302,584 0 0 Granite Broadcasting-CW12 WTS 387241110 0 29,220 X 1, 2 29,220 0 0 Granite Broadcasting Corp. COM 387241805 0 11,688 X 1, 2 11,688 0 0 GREEKTOWN SPRHLDNGS COM COM 392485108 2,977 42,220 X 1, 2 42,220 0 0 GRKTOWN SPRHLDINGS WRRNT WTS 392485116 16,201 202,511 X 1, 2 202,511 0 0 GRKTOWN SPRHOLDI-PREF A1 PFD 392485207 1,140 14,250 X 1, 2 14,250 0 0 GULF POWER CO PFD 402479745 12,378 473,000 X 1, 2 473,000 0 0
Page 7 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE Heco Capital Trust III PFD 404156200 24,466 976,700 X 1, 2 976,700 0 0 HSBC Holdings PLC ADR 404280406 2,169 43,789 X 1, 2 34,534 8,810 445 HSBC Holdings Plc PFD 404280604 10,680 440,600 X 1, 2 440,600 0 0 HSBC Holdings PLC PFD 404280703 1,330 50,000 X 1, 2 50,000 0 0 HSBC HOLDINGS PLC PFD PFD 404280802 10,535 385,900 X 1, 2 385,900 0 0 John Hancock BankThrift Opp Fund COM 409735206 810 51,562 X 1, 2 51,562 0 0 Hancock Holding Co COM 410120109 22,996 697,914 X 1, 2 697,914 0 0 HARTFORD FINL SVCS GRP PFD 416515708 2,001 84,075 X 1, 2 84,075 0 0 Hasbro Inc COM 418056107 27,730 646,576 X 1, 2 612,152 180 34,244 HEALTHCARE RLTY TR CO COM 421946104 220 10,686 X 1, 2 5,249 5,437 0 HEINEKEN NV-UNSPNSORD ADR ADR 423012202 602 20,026 X 1, 2 1,300 18,726 0 HEINZ H J CO COM 423074103 5 99 X 1, 2 99 0 0 HELMERICH & PAYNE COM 423452101 37,987 568,753 X 1, 2 538,747 165 29,841 HERITAGE COMMERCE CORP COM 426927109 5,489 1,099,999 X 1, 2 1,099,999 0 0 HERSHA HOSPITALITY TRUST COM 427825104 152 29,000 X 1, 2 29,000 0 0 Hewlett Packard Co. COM 428236103 110,814 3,160,651 X 1, 2 3,147,061 0 13,590 HEXCEL CORP COM 428291108 12,660 528,817 X 1, 2 528,817 0 0 Hingham Institution for Savings COM 433323102 4,240 80,000 X 1, 2 80,000 0 0 Hologic Inc COM 436440101 3,188 171,653 X 1, 2 171,653 0 0 HOMBURG CANADA REIT 144A COM 436870117 18,746 1,502,064 X 1, 2 1,502,064 0 0 Home Depot COM 437076102 52,935 1,526,318 X 1, 2 1,526,318 0 0 HONDAMOTOR CO LTD-SPNS ADR ADR 438128308 1,733 44,847 X 1, 2 34,501 9,866 480 HONEYWELL INTL INC COM 438516106 44,349 834,680 X 1, 2 832,630 0 2,050 HOOKER FURNITURE CORP COM 439038100 1,215 134,748 X 1, 2 134,748 0 0 HORIZON BANCORP INDIANA COM 440407104 1,555 56,357 X 1, 2 56,357 0 0 Hospira Inc COM 441060100 52,917 1,035,149 X 1, 2 1,035,149 0 0 HUNTINGTON BANCSHARES COM 446150104 7,921 1,306,787 X 1, 2 1,264,197 42,590 0 Huntsman Corp COM 447011107 11 550 X 1, 2 550 0 0 ICONIX BRAND GROUP INC COM 451055107 18,361 787,000 X 1, 2 787,000 0 0 ILLINOIS TOOL WKS INC COM 452308109 993 17,570 X 1, 2 6,185 0 11,385 Independent Bank Corp. -Mass COM 453836108 22,775 857,830 X 1, 2 857,830 0 0 INFOSYSTECHNOLOGIES-SP ADR ADR 456788108 149 2,391 X 1, 2 2,391 0 0 ING GROEP N V ADR SPO COM 456837103 190 15,338 X 1, 2 0 15,338 0 ING Group NV PFD 456837202 50,888 2,269,770 X 1, 2 2,269,770 0 0 ING Groep NV PFD 456837301 19,670 865,000 X 1, 2 865,000 0 0 ING Groep NV PFD 456837400 2,242 109,100 X 1, 2 109,100 0 0 ING Groep NV PFD 456837509 1,261 61,500 X 1, 2 61,500 0 0 Intel Corp COM 458140100 3,857 252,552 X 1, 2 225,945 127 26,480
Page 8 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE International Busi Machs COM 459200101 70,714 407,972 X 1, 2 379,547 95 28,330 INTRNTNAL FLAVORS & FRAG COM 459506101 632 10,330 X 1, 2 10,330 0 0 INTERNATIONAL PAPER C COM 460146103 2,458 101,798 X 1, 2 66,830 32,375 2,593 International Speedway Corp-CL A COM 460335201 15,085 539,323 X 1, 2 539,323 0 0 Interstate Power & Light Co PFD 461070872 57,727 2,012,790 X 1, 2 2,012,790 0 0 INTUIT COM 461202103 52,918 1,133,155 X 1, 2 1,133,155 0 0 Irobot Corp COM 462726100 9,073 259,528 X 1, 2 259,528 0 0 IRON MOUNTAIN INC COM 462846106 50,880 1,608,615 X 1, 2 1,608,615 0 0 IShares MSCI EMU COM 464286608 4,828 134,480 X 1, 2 134,480 0 0 iShareMSCI United KngdomIndexFnd COM 464286699 1,898 106,997 X 1, 2 106,997 0 0 IShares MSCI Germany Index COM 464286806 960 37,311 X 1, 2 37,311 0 0 iShares MSCI Japan Index Fund COM 464286848 2,897 270,539 X 1, 2 270,539 0 0 ISHARES TR DJ SEL DIV COM 464287168 420 7,940 X 1, 2 0 7,940 0 ISHARES IBOXX H/Y CORP BOND COM 464288513 24,006 263,653 X 1, 2 263,653 0 0 Ivanhoe Energy Inc COM 465790103 6,871 4,089,594 X 1, 2 4,089,594 0 0 JEFFERIES GROUP INC (NEW) COM 472319102 194 10,250 X 1, 2 10,250 0 0 JOHNSON & JOHNSON COM 478160104 71,028 1,089,889 X 1, 2 1,013,212 17,995 58,682 JOHNSON CONTROLS INC COM 478366107 1,277 34,555 X 1, 2 34,555 0 0 JOURNAL COMMUNICATION COM 481130102 81 15,612 X 1, 2 0 15,612 0 JOY GLOBAL INC COM 481165108 9 100 X 1, 2 100 0 0 KVH INDUSTRIES INC COM 482738101 12,620 1,318,747 X 1, 2 1,318,747 0 0 KAISER FEDERAL FINANCIAL GRO COM 483056107 3,959 310,000 X 1, 2 310,000 0 0 Kaiser Group Holdings Inc COM 483059101 2,377 81,949 X 1, 2 81,949 0 0 KEYW HOLDING CORP/THE COM 493723100 6,302 564,708 X 1, 2 564,708 0 0 Kimberly-Clark COM 494368103 0 3,917 X 1, 2 3,917 0 0 Kinross Gold Corp COM 496902404 226 13,845 X 1, 2 13,845 0 0 KIOR INC - CL A COM 497217109 3,974 275,000 X 1, 2 275,000 0 0 KOHLS CORP COM COM 500255104 2,066 56,833 X 1, 2 45,182 10,162 1,489 PHILIPS ELECTRONICS-NY SHR ADR 500472303 1,528 59,839 X 1, 2 47,373 11,936 530 KUBOTA CORP ADR COM 501173207 1,661 37,310 X 1, 2 31,275 5,615 420 KYOCERA CORP -SPONS ADR ADR 501556203 1,511 14,733 X 1, 2 13,158 1,415 160 LSB Industries Inc. COM 502160104 4,503 113,303 X 1, 2 113,303 0 0 Lakeland Financial Corp COM 511656100 3,354 148,756 X 1, 2 148,756 0 0 LAS VEGAS SANDS CORP COM 517834107 38 800 X 1, 2 800 0 0 LASALLE HOTEL PROPERTIES COM 517942108 225 9,000 X 1, 2 9,000 0 0 LEAP WIRELESS INTL INC COM 521863308 4 275 X 1, 2 275 0 0 LEAR CORP - W/I COM 521865204 23,010 469,590 X 1, 2 469,590 0 0 Leggett & Platt Inc. COM 524660107 8 385 X 1, 2 385 0 0
Page 9 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY ---------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE Lehman Brothers Holdings Inc PFD 524908704 6 595,560 X 1, 2 595,560 0 0 Lehman Brothers Holdings Inc PFD 524908720 2 219,300 X 1, 2 219,300 0 0 Lehman Brothers Holdings Inc PFD 524908886 49 696,201 X 1, 2 696,201 0 0 LENNAR CORP COM 526057104 41,018 2,318,694 X 1, 2 2,318,694 0 0 LIBERTY GLOBAL INC - A COM 530555101 182 4,360 X 1, 2 4,360 0 0 Eli Lilly & Co COM 532457108 651 17,000 X 1, 2 17,000 0 0 Linear Technology Corp. COM 535678106 8,526 291,000 X 1, 2 291,000 0 0 Live Nation Entertainment Inc COM 538034109 86,085 7,755,437 X 1, 2 7,755,437 0 0 Lockheed Martin Corporation COM 539830109 3,694 60,355 X 1, 2 46,242 12,060 2,053 LODGENET INTERACTIVE CORP COM 540211109 3,011 1,064,032 X 1, 2 1,064,032 0 0 LOUISIANA PAC CORP COM 546347105 4,301 555,000 X 1, 2 555,000 0 0 Lowe's Companies COM 548661107 100,196 4,642,988 X 1, 2 4,642,988 0 0 LUFKIN INDUSTRIES INC COM 549764108 3,389 41,591 X 1, 2 41,591 0 0 MDC HOLDINGS INC COM 552676108 4,205 186,000 X 1, 2 186,000 0 0 MDC Partners Inc COM 552697104 20,939 1,048,539 X 1, 2 1,048,539 0 0 Macerich Co/The COM 554382101 298 5,601 X 1, 2 5,601 0 0 MAGNA INTERNATIONAL INC COM 559222401 1,791 33,216 X 1, 2 27,735 5,044 437 Manitoba Telecom Services Inc COM 563486109 28 910 X 1, 2 910 0 0 Marathon Oil Corp. COM 565849106 3,827 110,026 X 1, 2 66,184 22,749 21,093 MARSHALL & ILSLEY COR COM 571837103 127 15,875 X 1, 2 0 15,875 0 MCCORMICK&CO-NON VTG SHRS COM 579780206 11,326 232,800 X 1, 2 232,800 0 0 McDonald's Corp. COM 580135101 48,908 584,678 X 1, 2 555,087 155 29,436 MCGRAW-HILL COMPANIES COM 580645109 540 12,875 X 1, 2 3,710 0 9,165 Mcmoran Exploration Co COM 582411104 3,200 190,000 X 1, 2 190,000 0 0 MEDTRONIC INC COM COM 585055106 93,079 2,610,279 X 1, 2 2,607,798 1 2,480 Microsoft COM 594918104 249,139 9,248,359 X 1, 2 9,122,035 825 125,499 Microchip Technology Inc COM 595017104 1,049 31,500 X 1, 2 5,338 0 26,162 MISS POWER CO PFD 605417773 6,591 262,500 X 1, 2 262,500 0 0 MITSUBISHI CORP ADR S COM 606769305 2,316 46,762 X 1, 2 36,866 9,391 505 MITSUBISHI UFJ FINL GRP-ADR ADR 606822104 1,898 429,732 X 1, 2 349,819 50,953 28,960 MOLYCORP INC COM 608753109 524 8,237 X 1, 2 8,237 0 0 MOODY S CORP COM 615369105 53,733 1,508,928 X 1, 2 1,508,928 0 0 MORGAN STANLEY COM NE COM 617446448 22,770 1,022,916 X 1, 2 1,011,376 11,540 0 Morgan Stanley Capital Trust III PFD 617460209 20,126 843,500 X 1, 2 843,500 0 0 MORGAN STANLEY CAP TR VI PFD 617461207 1,637 66,600 X 1, 2 66,600 0 0 Morgan Stanley Capital Trust IV PFD 617462205 31,570 1,328,160 X 1, 2 1,328,160 0 0 Morgan Stanley Capital Trust V PFD 617466206 21,429 932,100 X 1, 2 932,100 0 0 MOTOROLA INC COM COM 620076109 0 60,417 X 1, 2 7,790 52,627 0
Page 10 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE Mylan Laboratories COM 628530107 1,162 51,014 X 1, 2 51,014 0 0 NYSE Euronext COM 629491101 3,023 90,351 X 1, 2 90,351 0 0 Nasdaq Omx Group Inc. COM 631103108 1,906 107,966 X 1, 2 103,916 0 4,050 NATIONAL AUSTRALIA BK COM 632525408 283 10,318 X 1, 2 0 10,318 0 NATIONAL CITY CORP COM 635405103 0 20,170 X 1, 2 3,450 16,720 0 NATIONAL GRID PLC SPO COM 636274300 21,415 435,191 X 1, 2 431,936 2,785 470 NATIONAL - OILWELL INC COM 637071101 40 494 X 1, 2 494 0 0 NESTLE S A ADR SPON R ADR 641069406 2,779 44,791 X 1, 2 28,471 15,895 425 New York Cmnty Bancorp Inc COM 649445103 6,311 466,468 X 1, 2 466,468 0 0 Newmont Mining Corp COM 651639106 4,989 89,719 X 1, 2 89,719 0 0 NIDEC CORP SPONSORED COM 654090109 1,377 58,939 X 1, 2 57,951 0 988 NINTENDOCO LTD-UNSPONS ADR ADR 654445303 26,280 1,320,465 X 1, 2 1,320,465 0 0 NIPPON TEL & TEL - SP ADR ADR 654624105 1,862 76,952 X 1, 2 53,448 22,705 799 NISSAN MTRS SPONSORED COM 654744408 366 17,556 X 1, 2 0 17,556 0 NOKIA CORP ADR SPONSO COM 654902204 169 26,387 X 1, 2 16,231 10,156 0 Norfolk Southern Corp COM 655844108 37,589 499,975 X 1, 2 476,249 125 23,601 Northeast Community Bancorp COM 664112109 4,224 634,262 X 1, 2 634,262 0 0 Northeast Utilities COM 664397106 3,740 110,000 X 1, 2 110,000 0 0 NORTHERN TR CORP COM COM 665859104 14,312 342,275 X 1, 2 337,905 0 4,370 Northrim Bancorp Inc COM 666762109 1,525 77,232 X 1, 2 77,232 0 0 Northwest Natural Gas Co COM 667655104 5,911 132,500 X 1, 2 132,500 0 0 Nucor Corp COM 670346105 5 131 X 1, 2 131 0 0 OGE Energy Corp. COM 670837103 43,785 875,000 X 1, 2 875,000 0 0 OGX PETROLEO E-SPON ADR ADR 670849108 1,354 158,567 X 1, 2 158,567 0 0 Occidental Petroleum COM 674599105 85,842 864,890 X 1, 2 848,587 85 16,218 Ocean Spray Cranberries Inc PFD 675022404 66,496 725,250 X 1, 2 725,250 0 0 OIL STATES INTERNATIONAL INC COM 678026105 709 8,790 X 1, 2 8,790 0 0 OLD NATL BANCORP IND COM 680033107 214 19,801 X 1, 2 9,097 10,704 0 OLD REPUBLIC INTERNATIONAL COM 680223104 1,046 104,287 X 1, 2 43,527 53,390 7,370 OLIN CORP COM PAR $1 COM 680665205 259 11,411 X 1, 2 0 11,411 0 OMNICOM GROUP COM 681919106 41,601 886,640 X 1, 2 886,640 0 0 ONEOK INC NEW COM COM 682680103 34,186 469,577 X 1, 2 469,577 0 0 OPNET TECHNOLOGIES IN COM 683757108 367 8,970 X 1, 2 0 8,970 0 OSSEN INNVTION CO-SPON ADR ADR 688410109 94 29,897 X 1, 2 29,897 0 0 OWENS CORNING INC COM 690742101 59,870 1,682,690 X 1, 2 1,682,690 0 0 Owens-Illinois Inc COM 690768403 42,664 1,841,352 X 1, 2 1,841,352 0 0 Pico Holdings Inc COM 693366205 13,232 484,500 X 1, 2 484,500 0 0 PNC FINANCIAL CORP COM 693475105 54,522 1,013,983 X 1, 2 1,011,874 28 2,081
Page 11 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE POSCO ADR 693483109 2,289 21,049 X 1, 2 16,745 4,114 190 PPG Industries Inc COM 693506107 8 90 X 1, 2 90 0 0 PVH CORP COM 693656100 705 9,855 X 1, 2 9,855 0 0 PALL CORP COM 696429307 1,051 21,193 X 1, 2 21,193 0 0 PARK NATIONAL CORP COM 700658107 1,610 26,127 X 1, 2 26,127 0 0 Patterson-UTI Energy Inc COM 703481101 1,134 34,861 X 1, 2 34,861 0 0 Paychex Inc COM 704326107 6 230 X 1, 2 230 0 0 PENN VIRGINIA CORP COM 707882106 1,659 126,425 X 1, 2 126,425 0 0 PEOPLES BANCORP INC COM 709789101 1,399 117,306 X 1, 2 117,306 0 0 People's United Financial Inc COM 712704105 9 725 X 1, 2 725 0 0 Pepsi COM 713448108 130,948 2,009,066 X 1, 2 1,960,363 155 48,548 PERRIGO CO COM 714290103 18 198 X 1, 2 198 0 0 PFIZER INC COM 717081103 103,812 5,471,515 X 1, 2 5,418,702 46,105 6,708 PHILIP MORRIS INTL IN COM 718172109 50,040 724,583 X 1, 2 694,836 125 29,622 Pinnacle Airlines Corp COM 723443107 3,055 765,648 X 1, 2 765,648 0 0 PIONEER DRILLING COMPANY COM 723655106 4,082 250,919 X 1, 2 250,919 0 0 PLAINS ALL AMER PIPELINE COM 726503105 7 120 X 1, 2 120 0 0 PlainsExplrtion & Product Co COM 726505100 321 8,217 X 1, 2 8,217 0 0 PLUM CREEK TIMBER CO-REIT COM 729251108 5,193 135,859 X 1, 2 135,859 0 0 POLARIS INDUSTRIES INC COM 731068102 1,185 9,996 X 1, 2 9,996 0 0 POWELL INDUSTRIES INC COM 739128106 164 4,250 X 1, 2 4,250 0 0 PRECISION CASTPARTS CORP COM 740189105 1,432 8,874 X 1, 2 8,874 0 0 PRESIDENTIAL LIFE COR COM 740884101 251 24,045 X 1, 2 11,930 12,115 0 PRICELINE.COM INC COM 741503403 21 39 X 1, 2 39 0 0 Procter & Gamble COM 742718109 100,896 1,634,594 X 1, 2 1,589,655 195 44,744 Progress Energy Inc. COM 743263105 46,039 995,515 X 1, 2 995,515 0 0 Prosperity Bancshares Inc COM 743606105 17,158 413,150 X 1, 2 413,150 0 0 Prudential Financial Inc COM 744320102 107,705 1,835,469 X 1, 2 1,835,469 0 0 Public Service Enterprise Group COM 744573106 15,720 480,000 X 1, 2 480,000 0 0 Pulte Group Inc COM 745867101 42,582 6,198,295 X 1, 2 6,198,295 0 0 PURE CYCLE CORP COM 746228303 1,236 395,000 X 1, 2 395,000 0 0 Qualcom Inc Com COM 747525103 294,186 5,357,962 X 1, 2 5,310,618 220 47,124 QUANTEX BUILDING PRODUCTS COM 747619104 6,176 394,149 X 1, 2 394,149 0 0 RAYONIER INC COM 754907103 5 83 X 1, 2 83 0 0 RED HAT INC COM 756577102 1,018 24,182 X 1, 2 24,182 0 0 RENREN INC-ADR ADR 759892102 195 18,040 X 1, 2 18,040 0 0 Republic Services Inc. COM 760759100 89,988 3,099,844 X 1, 2 3,099,844 0 0 Rex Energy Corp. COM 761565100 11,897 1,074,717 X 1, 2 1,074,717 0 0
Page 12 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY ---------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE RIVERBED TECHNOLOGY INC COM 768573107 22 751 X 1, 2 751 0 0 ROBERT HALF INTN L INC COM 770323103 39,745 1,451,599 X 1, 2 1,451,599 0 0 ROCK - TENN COMPANY - CL A COM 772739207 7,337 119,372 X 1, 2 119,372 0 0 Rosetta Stone Inc. COM 777780107 7,723 559,623 X 1, 2 559,623 0 0 ROVI CORP COM 779376102 716 13,515 X 1, 2 13,515 0 0 ROWAN COMPANIES INC COM 779382100 777 19,826 X 1, 2 19,826 0 0 ROYAL BANK OF CANADA COM 780087102 38 710 X 1, 2 710 0 0 Royal Bank of Scotland Group Plc PFD 780097788 49,941 2,873,500 X 1, 2 2,873,500 0 0 ROYAL DUTCH SHELL PLC COM 780259206 50,777 707,959 X 1, 2 658,191 9,430 40,338 SPX CORPORATION COM 784635104 14 189 X 1, 2 189 0 0 SAFEWAY INC COM 786514208 25,181 1,248,439 X 1, 2 1,248,439 0 0 THE ST JOE COMPANY COM 790148100 243 13,700 X 1, 2 13,700 0 0 SANDY SPRING BANCORP INC COM 800363103 2,768 154,900 X 1, 2 154,900 0 0 Sasol Ltd ADR 803866300 239 4,775 X 1, 2 4,775 0 0 Schlumberger Limited COM 806857108 81,835 911,610 X 1, 2 909,510 0 2,100 Charles Schwab Corp COM 808513105 75,766 5,074,753 X 1, 2 5,074,753 0 0 SCHWEITZER-MAUDUIT INTL INC COM 808541106 5,265 93,842 X 1, 2 93,842 0 0 SEGA SAMMY HLDGS INC COM 815794102 62 12,880 X 1, 2 0 12,880 0 Siemens AG ADR 826197501 2,868 20,885 X 1, 2 14,522 6,133 230 Simon Property Group Inc COM 828806109 8,949 74,261 X 1, 2 74,261 0 0 SONY CORP-SPONSORED ADR ADR 835699307 1,745 66,559 X 1, 2 47,856 18,263 440 Southern Cal Edison PFD 842400731 24,445 250,877 X 1, 2 250,877 0 0 Southern Cal Ed PFD 842400749 37,188 384,000 X 1, 2 384,000 0 0 Southern Co/The COM 842587107 20,437 516,867 X 1, 2 516,867 0 0 SOUTHWEST GAS CORP CO COM 844895102 232 5,997 X 1, 2 2,897 3,100 0 Southwestern Energy Co COM 845467109 58,255 1,307,341 X 1, 2 1,307,341 0 0 Spectra Energy Corp-W/I COM 847560109 34,383 1,272,500 X 1, 2 1,272,500 0 0 Sprint Nextel Corporation COM 852061100 323 60,205 X 1, 2 9,340 50,865 0 STANLEY BLACK & DECKER INC COM 854502101 38,252 545,296 X 1, 2 515,290 140 29,866 STAPLES INC COM COM 855030102 102,431 6,341,435 X 1, 2 6,416,750 234 -75,549 STARBUCKS CORP COM 855244109 42 1,038 X 1, 2 1,038 0 0 STATE STR CORP COM 857477103 40,446 983,927 X 1, 2 968,487 0 15,440 STEELCASE INC-CL A COM 858155203 5,812 585,318 X 1, 2 585,318 0 0 STERIS CORP COM 859152100 151 4,302 X 1, 2 4,302 0 0 STWRT INFRMTION SERVICES COM 860372101 12,535 1,182,579 X 1, 2 1,182,579 0 0 STMICROELECTRONICS N COM 861012102 195 19,545 X 1, 2 11,155 8,390 0 Stryker Corp. COM 863667101 1,157 21,290 X 1, 2 21,290 0 0 SUCCESSFACTORS INC COM 864596101 13 495 X 1, 2 495 0 0
Page 13 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE SUN LIFE FINANCIAL INC COM 866796105 1,276 43,097 X 1, 2 42,544 0 553 Suncor Energy Inc COM 867224107 137,132 3,587,954 X 1, 2 3,587,954 0 0 SUNTRUST CAPITAL IX PFD 867885105 13,453 525,500 X 1, 2 525,500 0 0 Sunstone Hotel Investors Inc COM 867892101 178 20,000 X 1, 2 20,000 0 0 Suntrust Banks Inc COM 867914103 25,000 1,020,841 X 1, 2 1,020,841 0 0 SPRIOR ENRGY SERVICES INC COM 868157108 4,950 119,317 X 1, 2 119,317 0 0 SuperMedia Inc COM 868447103 588 161,128 X 1, 2 161,128 0 0 SUPERVALU INC COM COM 868536103 281 29,817 X 1, 2 3,730 26,087 0 SUSQUEHANNA BANCSHARE COM 869099101 197 24,572 X 1, 2 12,236 12,337 -1 SWIFT ENERGY CO COM COM 870738101 240 6,428 X 1, 2 2,758 3,670 0 SYCAMORE NETWORKS INC COM 871206405 21,811 1,107,180 X 1, 2 1,107,180 0 0 SYSCO CORP COM 871829107 276 8,840 X 1, 2 1,500 0 7,340 TCF Financial Corp. COM 872275102 26,494 2,082,866 X 1, 2 2,082,866 0 0 Teco Energy Inc. COM 872375100 10,562 570,000 X 1, 2 570,000 0 0 THQ INC COM 872443403 2,210 829,300 X 1, 2 829,300 0 0 TJX Companies Inc. COM 872540109 38,012 710,813 X 1, 2 676,205 170 34,438 TAIWAN SEMICONDUCTOR COM 874039100 166 13,144 X 1, 2 13,144 0 0 TAL INTERNATIONAL GROUP INC COM 874083108 35 1,120 X 1, 2 1,120 0 0 TELEFLEX INC COM 879369106 7,023 116,607 X 1, 2 116,607 0 0 TELEFONICA DE ESPANA ADR 879382208 2,411 102,395 X 1, 2 97,511 4,179 705 TELEPHONE & DATA SYSTEM PFD 879433837 26,084 1,028,150 X 1, 2 1,028,150 0 0 TELEPHONE & DATA SYSTEM PFD 879433845 26,261 1,045,426 X 1, 2 1,045,426 0 0 Telephone & Data Systems PFD 879433852 16,406 674,300 X 1, 2 674,300 0 0 TEL LABS INC COM 879664100 19,577 4,728,663 X 1, 2 4,728,663 0 0 Tenneco Inc COM 880349105 36 894 X 1, 2 894 0 0 Teva Pharmaceutical SPADR COM 881624209 5,522 137,714 X 1, 2 125,736 1,475 10,503 TEXAS INSTRUMENTS INC COM 882508104 47,578 1,478,318 X 1, 2 1,388,062 425 89,831 TEXTRON INC COM 883203101 67,835 2,932,757 X 1, 2 2,932,757 0 0 Thomas Properties Group COM 884453101 175 53,800 X 1, 2 53,800 0 0 THOMPSON CREEK METALS COM 884768102 265 28,263 X 1, 2 28,263 0 0 Thoratec Corp COM 885175307 7,048 209,214 X 1, 2 209,214 0 0 TIDEWATER INC COM 886423102 9,306 171,253 X 1, 2 171,253 0 0 TIFFANY & CO COM 886547108 22 282 X 1, 2 282 0 0 TIME WARNER INC COM 887317105 0 60,952 X 1, 2 6,715 54,237 0 TIME WARNER INC COM COM 887317303 2,428 95,660 X 1, 2 91,967 0 3,693 Toronto-Dominion Bank COM 891160509 1,427 16,847 X 1, 2 16,617 0 230 Trico Bancshares COM 896095106 8,599 580,252 X 1, 2 580,252 0 0 TRUSTMARK CORP COM 898402102 3,922 180,000 X 1, 2 180,000 0 0
Page 14 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE UDR INC COM 902653104 316 12,000 X 1, 2 12,000 0 0 UIL HOLDINGS CORP COM 902748102 27,683 867,000 X 1, 2 867,000 0 0 U.S. Bancorp COM 902973304 87,546 3,359,394 X 1, 2 3,359,394 0 0 Usg Corp COM 903293405 2 185 X 1, 2 185 0 0 USB CAPITAL XI PFD 903300200 13,512 533,000 X 1, 2 533,000 0 0 USB Capital VIII PFD 903307205 25,414 1,017,800 X 1, 2 1,017,800 0 0 Ultra Petroleum Corp. COM 903914109 35,246 752,802 X 1, 2 752,802 0 0 UNILEVER PLC-SPONSORED A ADR 904767704 5,994 216,196 X 1, 2 154,024 57,914 4,258 AmerenUE PFD 906548300 813 12,262 X 1, 2 12,262 0 0 Union Pacific COM 907818108 888 12,165 X 1, 2 12,165 0 0 UNITED CONTINENTAL HOLDINGS COM 910047109 1,911 105,449 X 1, 2 105,449 0 0 United Parcel Service - Cl B COM 911312106 18,584 268,483 X 1, 2 268,483 0 0 US CELLULAR CORP PFD 911684405 63,681 2,504,181 X 1, 2 2,504,181 0 0 United Technologies COM 913017109 114,330 1,357,579 X 1, 2 1,324,667 135 32,777 Univest Corp. Of PA COM 915271100 825 55,500 X 1, 2 55,500 0 0 VF Corporation COM 918204108 32,283 294,194 X 1, 2 275,941 85 18,168 Valley National Bancorp COM 919794107 11 861 X 1, 2 861 0 0 VALLEY NTNAL BANCORP-CW18 WTS 919794131 217 96,277 X 1, 2 96,277 0 0 VINCI S A ADR COM 927320101 1,318 82,346 X 1, 2 80,941 0 1,405 Virginia Electric & Power Co PFD 927804625 4,805 45,500 X 1, 2 45,500 0 0 VMWARE INC - CLASS A COM 928563402 18 184 X 1, 2 184 0 0 VOLVO AKTIEBOLAGET AD COM 928856400 528 30,177 X 1, 2 9,125 21,052 0 Vornado Realty Trust COM 929042109 453 4,837 X 1, 2 4,837 0 0 WMS Industries Inc. COM 929297109 11,168 405,066 X 1, 2 405,066 0 0 WSFS Financial Corp COM 929328102 8,820 222,099 X 1, 2 222,099 0 0 WABASH NATL CORP COM COM 929566107 2,462 325,335 X 1, 2 315,000 10,335 0 WACHOVIA CORP 2ND NEW COM 929903102 0 22,014 X 1, 2 1,915 20,099 0 Wal Mart COM 931142103 2,962 132,243 X 1, 2 124,277 87 7,879 Walgreen Co. COM 931422109 48,840 1,214,459 X 1, 2 1,175,762 200 38,497 WASHINGTON BANKING CO COM 937303105 2,573 198,419 X 1, 2 198,419 0 0 WSHINGTON FDRAL INC - CW18 WTS 938824117 526 100,126 X 1, 2 100,126 0 0 WASHINGTON MUT INC CO COM 939322103 1 10,779 X 1, 2 2,400 8,379 0 WASHINGTON TRUST BANCORP COM 940610108 7,932 348,210 X 1, 2 348,210 0 0 WAUSAU PAPER CORP COM COM 943315101 90 13,382 X 1, 2 13,382 0 0 WELLS FARGO & CO NEW COM 949746101 124,036 4,491,389 X 1, 2 4,466,606 0 24,783 Wells Fargo & Company PFD 949746804 25,343 23,870 X 1, 2 23,870 0 0 Wells Fargo & Company PFD 949746879 108,361 3,904,900 X 1, 2 3,904,900 0 0 WESBANCO INC COM 950810101 7,719 375,634 X 1, 2 375,634 0 0
Page 15 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE Westamerica Bancorporation COM 957090103 10,374 221,044 X 1, 2 221,044 0 0 WESTPAC BKG CORP SPON COM 961214301 1,445 12,027 X 1, 2 10,387 1,485 155 Weyerhaeuser Co COM 962166104 5,594 279,832 X 1, 2 279,832 0 0 CLAYTON WILLIAMS ENERGY INC COM 969490101 4,974 75,000 X 1, 2 75,000 0 0 Wisconsin Energy COM 976657106 0 8,400 X 1, 2 8,400 0 0 XO GROUP INC COM 983772104 5,033 538,237 X 1, 2 538,237 0 0 YANZHOU COAL MINING-SP ADR ADR 984846105 198 5,173 X 1, 2 5,173 0 0 Yum Brands Inc COM 988498101 599 11,345 X 1, 2 11,345 0 0 Zions Bancorporation COM 989701107 42,521 1,941,580 X 1, 2 1,941,580 0 0 ZIONS BANCORP PFD 989701503 32,029 1,212,776 X 1, 2 1,212,776 0 0 ZIONS BANCORP PFD 989701875 1,952 73,000 X 1, 2 73,000 0 0 PETROCHINA CO LTD -ADR ADR 71646E100 163 1,148 X 1, 2 1,148 0 0 PINNACLE BANKSHARES C COM 72345E102 151 22,338 X 1, 2 22,338 0 0 QUANTA SERVICES INC COM 74762E102 252 13,622 X 1, 2 13,622 0 0 AmerisourceBergen Corp COM 03073E105 14,397 350,740 X 1, 2 331,142 100 19,498 VALE S A ADR COM 91912E105 1,065 32,998 X 1, 2 32,998 0 0 Target Corporation COM 87612E106 37,382 731,027 X 1, 2 731,027 0 0 GENON ENERGY INC COM 37244E107 2,567 660,010 X 1, 2 660,010 0 0 NSTAR COM 67019E107 49,650 1,120,000 X 1, 2 1,120,000 0 0 RENASANT CORP COM 75970E107 1,612 105,382 X 1, 2 105,382 0 0 NAVISTAR INT CORP COM 63934E108 77 1,500 X 1, 2 1,500 0 0 Imax Corp COM 45245E109 12,542 661,483 X 1, 2 661,483 0 0 TOTAL FINA ELF S A AD COM 89151E109 24,077 442,064 X 1, 2 429,178 9,337 3,549 TRAVELERS COMPANIES I COM 89417E109 3,671 90,449 X 1, 2 70,654 17,800 1,995 Lehman Brother Holding Cap Trust V PFD 52520E200 3 46,600 X 1, 2 46,600 0 0 News Corporation Inc - Class B COM 65248E203 46,579 2,822,976 X 1, 2 2,822,976 0 0 BARCLAYS PLC-SPONS ADR ADR 06738E204 1,594 97,216 X 1, 2 81,509 14,657 1,050 JPM CHASE CAPITAL XXIX PFD 48125E207 42,713 1,681,615 X 1, 2 1,681,615 0 0 Phoenix Companies Inc PFD 71902E208 17,966 829,849 X 1, 2 829,849 0 0 A.C. Moore Arts & Crafts Inc COM 00086T103 2,270 1,226,955 X 1, 2 1,226,955 0 0 AMC NETWORKS INC-A COM 00164V103 11 302 X 1, 2 302 0 0 AT&T Inc. COM 00206R102 61,376 2,192,990 X 1, 2 2,119,351 4,688 68,951 ADOBE SYSTEMS INC COM 00724F101 35,918 1,295,744 X 1, 2 1,295,744 0 0 Aecom Technology Corp COM 00766T100 90 3,623 X 1, 2 3,623 0 0 Aetna Inc-New COM 00817Y108 3,231 77,882 X 1, 2 77,882 0 0 Agilent Technologies Inc COM 00846U101 25 603 X 1, 2 603 0 0 Alaska Comm Systems Group COM 01167P101 398 55,000 X 1, 2 55,000 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 984 16,903 X 1, 2 16,903 0 0
Page 16 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE ALLIANCEBERNSTEIN HDING LP COM 01881G106 25,712 1,512,462 X 1, 2 1,512,462 0 0 ALLSCRIPTS HLTHCARE SOLTION COM 01988P108 1,601 88,231 X 1, 2 88,231 0 0 Alpha Natural Resources Inc COM 02076X102 1,073 25,120 X 1, 2 25,120 0 0 AMCOR LTD ADR NEW COM 02341R302 302 9,802 X 1, 2 0 9,802 0 AMERICA MOVIL S A DE COM 02364W105 330 6,118 X 1, 2 6,118 0 0 AMERICAN CAPITAL LTD COM 02503Y103 8,071 834,600 X 1, 2 834,600 0 0 Ameriprise Financial Inc COM 03076C106 30,140 531,957 X 1, 2 505,511 140 26,306 AMERIS BANCORP COM 03076K108 8,576 847,454 X 1, 2 847,454 0 0 AMSURG CORP COM 03232P405 29,347 1,154,023 X 1, 2 1,154,023 0 0 ANGLO AMERICAN PLC-UNSP ADR 03485P201 1,986 80,457 X 1, 2 79,348 0 1,109 Apartment Invstmnt & Mngmnt Co PFD 03748R838 1,384 55,000 X 1, 2 55,000 0 0 APOLLO INVESTMENT CORP COM 03761U106 4,756 496,416 X 1, 2 496,416 0 0 ARES CAPITAL CORP COM 04010L103 11,481 711,329 X 1, 2 711,329 0 0 Artio Global Investors Inc COM 04315B107 87 7,885 X 1, 2 7,885 0 0 AVIVA PLC - SPON ADR ADR 05382A104 36 2,700 X 1, 2 2,700 0 0 BGE Capital Trust II PFD 05541Q206 66,458 2,656,181 X 1, 2 2,656,181 0 0 BNP PARIBAS-ADR ADR 05565A202 1,645 42,806 X 1, 2 33,804 8,567 435 BGICanadaLTD Unvrse Bnd Index COM 05699A920 89,867 3,555,965 X 1, 2 3,555,965 0 0 Bally Technologies Inc COM 05874B107 8,867 224,867 X 1, 2 224,867 0 0 BANCO SANT SA-SPON ADR ADR 05964H105 1,708 150,636 X 1, 2 148,877 0 1,759 BANCORPSOUTH CAP TRUST I PFD 05969E305 2,549 100,000 X 1, 2 100,000 0 0 BANKRATE INC COM 06647F102 18,271 998,954 X 1, 2 998,954 0 0 Barclays PLC PFD 06739H362 58,818 2,322,078 X 1, 2 2,322,078 0 0 Barclays Bank PLC PFD 06739H776 24,579 1,016,097 X 1, 2 1,016,097 0 0 BEAZER HOMES USA PFD 07556Q402 1,644 100,000 X 1, 2 100,000 0 0 BEAZER HOMES USA PFD 07556Q501 1,447 100,000 X 1, 2 100,000 0 0 BIOVAIL CORP COM COM 09067J109 0 19,703 X 1, 2 0 19,703 0 Blackrock Inc/New York COM 09247X101 38,122 213,618 X 1, 2 213,618 0 0 BLACKSTONE GROUP LP/THE COM 09253U108 2,053 123,596 X 1, 2 123,596 0 0 Blue Nile Inc COM 09578R103 32,278 762,004 X 1, 2 762,004 0 0 Boise Inc. COM 09746Y105 491 70,816 X 1, 2 70,816 0 0 BOND STREET HOLDINGS LLC-A COM 09788X106 30,340 1,480,000 X 1, 2 1,480,000 0 0 Brazil Ethanol Inc.-Unit COM 10575X200 10 1,043,559 X 1, 2 1,043,559 0 0 BROADSOFT INC COM 11133B409 7,427 254,272 X 1, 2 254,272 0 0 Broadridge Financial Solutions COM 11133T103 40,525 1,757,364 X 1, 2 1,757,364 0 0 CH Energy Group Inc COM 12541M102 53,981 1,057,000 X 1, 2 1,057,000 0 0 Cablevision Systems - Cl A COM 12686C109 29 1,209 X 1, 2 1,209 0 0 CAPITOL FEDERAL FINANCIAL IN COM 14057J101 2,383 208,300 X 1, 2 208,300 0 0
Page 17 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE Cardinal Health Inc COM 14149Y108 1,728 39,489 X 1, 2 39,489 0 0 CARDTRONICS INC COM 14161H108 10,649 463,389 X 1, 2 463,389 0 0 CAVIUM INC COM 14964U108 12,816 371,596 X 1, 2 371,596 0 0 Centerstate Banks Of Florida COM 15201P109 7,229 1,107,014 X 1, 2 1,107,014 0 0 CENVEO INC COM 15670S105 3,335 576,000 X 1, 2 576,000 0 0 CHARTER COMM-CW14 WTS 16117M123 91 7,605 X 1, 2 7,605 0 0 CHARTER COMM-CW14 WTS 16117M131 1,803 124,322 X 1, 2 124,322 0 0 CHARTER COMM COM COM 16117M305 8,516 157,711 X 1, 2 157,711 0 0 CHARTER COMM PRIV COM 16117M3PP 65,708 1,217,725 X 1, 2 1,217,725 0 0 Chimera Investment Corp. COM 16934Q109 3,587 1,164,768 X 1, 2 1,164,768 0 0 CHINA MOBILE LTD-SPON ADR ADR 16941M109 2,112 45,093 X 1, 2 35,413 9,249 431 CHINA PETROLEUM & CHEM-ADR ADR 16941R108 2,489 24,547 X 1, 2 19,912 4,395 240 Chinacast Education Corp COM 16946T109 5,535 1,125,000 X 1, 2 1,125,000 0 0 CHUNGHWA TELECOM CO L COM 17133Q502 1,737 50,005 X 1, 2 50,005 0 0 Cisco Systems, Inc. COM 17275R102 59,520 3,858,546 X 1, 2 3,841,289 485 16,772 CITADEL BROADCASTING-CW30 WTS 17285T114 6,711 196,980 X 1, 2 196,980 0 0 CITADEL BROADCASTING CORP-A COM 17285T205 537 15,677 X 1, 2 15,677 0 0 CITADEL BROADCASTING CORP-B COM 17285T304 3,664 106,658 X 1, 2 106,658 0 0 Citigroup Capital VII PFD 17306N203 5,901 235,000 X 1, 2 235,000 0 0 Citigroup Cap VIII 6.95% PFD 17306R204 45,722 1,846,600 X 1, 2 1,846,600 0 0 CITIGROUP CAPITAL XII PFD 17315D204 8,787 341,500 X 1, 2 341,500 0 0 CITIZENS REPUBLIC BANCORP IN COM 174420307X 10,599 1,153,368 X 1, 2 1,153,368 0 0 CLIFFS NATURAL RESOUR COM 18683K101 579 6,258 X 1, 2 6,258 0 0 CLP HOLDINGS LTD SPON COM 18946Q101 252 28,461 X 1, 2 28,461 0 0 COLLECTIVE BRANDS INC COM 19421W100 3,450 292,837 X 1, 2 292,837 0 0 Comcast Corp New COM 20030N101 12,672 527,541 X 1, 2 527,541 0 0 Comcast Corp Special CL A COM 20030N200 1,506 64,512 X 1, 2 64,512 0 0 Comcast Corp PFD 20030N309 12,919 507,430 X 1, 2 507,430 0 0 Comcast Corp PFD 20030N408 47,062 1,853,556 X 1, 2 1,853,556 0 0 Comcast Corp PFD 20030N507 6,362 248,500 X 1, 2 248,500 0 0 Cia Saneamento Basico De-ADR ADR 20441A102 182 3,056 X 1, 2 3,056 0 0 CONOCOPHILLIPS COM COM 20825C104 75,775 1,060,343 X 1, 2 1,018,360 16,594 25,389 Consol Energy Inc COM 20854P109 34,677 646,966 X 1, 2 646,966 0 0 CONSTELLATION BRANDS COM 21036P108 907 43,560 X 1, 2 6,850 36,710 0 CORESITE REALTY CORP COM 21870Q105 1,735 103,000 X 1, 2 103,000 0 0 Corporate Backed Trust Certificates PFD 21988G296 1,091 45,400 X 1, 2 45,400 0 0 Corporate Office Properties Trust S COM 22002T108 168 5,400 X 1, 2 5,400 0 0 CROWDGATHER INC COM 22787P107 880 1,599,461 X 1, 2 1,599,461 0 0
Page 18 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE CROWDGATHER INC - PP COM 22787P1PP 1,375 2,500,000 X 1, 2 2,500,000 0 0 CRWDGTHER INC WARRANT - PP WTS 22787P1PW 422 1,875,000 X 1, 2 1,875,000 0 0 DBS GROUP HLDGS LTD A COM 23304Y100 2,354 49,288 X 1, 2 38,439 10,304 545 DTE Energy Trust I PFD 23333Q201 16,875 633,200 X 1, 2 633,200 0 0 DSW Inc-Class A COM 23334L102 21,191 399,973 X 1, 2 399,973 0 0 DTE Energy Trust II PFD 23334U201 1,550 59,400 X 1, 2 59,400 0 0 Dell Inc COM 24702R101 9,028 555,884 X 1, 2 555,884 0 0 DEMAND MEDIA INC COM 24802N109 3,835 378,183 X 1, 2 378,183 0 0 DENDREON CORP COM 24823Q107 2,204 59,722 X 1, 2 59,722 0 0 DB Capital Funding VIII PFD 25153U204 8,311 362,600 X 1, 2 362,600 0 0 DB Cont Cap Trst II PFD 25153X208 32,882 1,394,475 X 1, 2 1,394,475 0 0 DB CONT CAP TRUST III PFD 25154A108 66,997 2,654,393 X 1, 2 2,654,393 0 0 DB Capital Funding X PFD 25154D102 12,819 515,422 X 1, 2 515,422 0 0 DEVON ENERGY CORP NEW COM 25179M103 1,938 39,331 X 1, 2 38,079 51 1,201 DEX ONE CORP COM 25212W100 352 174,256 X 1, 2 174,256 0 0 DIAGEO PLC ADR SPONSO COM 25243Q205 58,887 724,605 X 1, 2 715,892 4,658 4,055 DIAMOND OFFSHORE DRILLING COM 25271C102 1,779 36,908 X 1, 2 34,058 0 2,850 DIRECTV COM 25490A101 27 535 X 1, 2 535 0 0 Dominion Resources VA COM 25746U109 29,797 625,949 X 1, 2 625,949 0 0 Dominion Resources Inc PFD 25746U604 17,833 635,300 X 1, 2 635,300 0 0 Douglas Emmett Inc COM 25960P109 193 9,650 X 1, 2 9,650 0 0 DUKE ENERGY CORP NEW COM 26441C105 23,698 1,323,457 X 1, 2 1,281,394 36,113 5,950 DUPONT FABROS TECHNOLOGY COM 26613Q106 166 6,500 X 1, 2 6,500 0 0 E-COMMERCE CHINA-SPON ADR ADR 26833A105 13,194 1,167,606 X 1, 2 1,167,606 0 0 EOG Resources Inc COM 26875P101 9 90 X 1, 2 90 0 0 EQT Corp. COM 26884L109 37,270 587,118 X 1, 2 587,118 0 0 Eagle Materials Inc COM 26969P108 7,376 296,824 X 1, 2 296,824 0 0 EAST WEST BANCORP INC COM 27579R104 37,658 2,029,011 X 1, 2 2,029,011 0 0 ENSCO PLC-SPON ADR ADR 29358Q109 16,707 313,746 X 1, 2 313,746 0 0 Entergy Arkansas Inc PFD 29364D308 784 9,388 X 1, 2 9,388 0 0 ENTERGY ARKANSAS INC PFD 29364D779 5,595 219,000 X 1, 2 219,000 0 0 Entergy Arkansa Inc PFD 29364D787 11,299 460,000 X 1, 2 460,000 0 0 Entergy Corp COM 29364G103 30,006 449,193 X 1, 2 449,193 0 0 Entergy Mississippi Inc PFD 29364N405 773 8,190 X 1, 2 8,190 0 0 ENTERGY MISSISSIPPI INC PFD 29364N835 16,908 656,619 X 1, 2 656,619 0 0 ENTRGY MS - PREFERRED PFD 29364N843 8,735 329,000 X 1, 2 329,000 0 0 Entergy Mississippi Inc PFD 29364N850 21,721 864,500 X 1, 2 864,500 0 0 ENTERGY LOUISIANA LLC PFD 29364W306 16,766 625,600 X 1, 2 625,600 0 0
Page 19 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE ENTERGY LOUISIANA LLC PFD 29364W405 19,285 742,000 X 1, 2 742,000 0 0 Entergy Corp PFD 29365T203 4,548 159,586 X 1, 2 159,586 0 0 EVANS BANCORP INC COM 29911Q208 1,780 129,300 X 1, 2 129,300 0 0 Evercore Partners Inc-CL A COM 29977A105 4,786 168,358 X 1, 2 168,358 0 0 EXCEL TRUST INC COM 30068C109 1,285 112,000 X 1, 2 112,000 0 0 EXELON CORP COM COM 30161N101 2,170 73,329 X 1, 2 70,562 62 2,705 Exxon Mobil COM 30231G102 94,123 1,186,261 X 1, 2 1,108,937 16,464 60,860 FPL Group Capital Trust I PFD 30257V207 23,475 922,400 X 1, 2 922,400 0 0 FEDEX CORP COM 31428X106 59,674 665,098 X 1, 2 644,539 85 20,474 FELCOR LODGING (REIT) COM 31430F101 1,437 279,500 X 1, 2 279,500 0 0 FELCOR LODGING TRUST INC PFD 31430F200 10,691 411,993 X 1, 2 411,993 0 0 FELCOR LODGING TRUST INC PFD 31430F507 1,214 46,200 X 1, 2 46,200 0 0 Fifth Third Cap Trust VI PFD 31678V206 5 215 X 1, 2 215 0 0 First Bancorp Inc/ME COM 31866P102 2,158 146,499 X 1, 2 146,499 0 0 FIRST DEFIANCE FINL CORP COM 32006W106 5,154 351,559 X 1, 2 351,559 0 0 FIRST POTOMAC REALTY TRUST COM 33610F109 125 8,000 X 1, 2 8,000 0 0 FIRST SOUTHERN BANCORP INC COM 33644N1PP 2,523 219,375 X 1, 2 219,375 0 0 FIRST SOUTHERN CONVERT PFD PFD 33644N5PP 1,557 375 X 1, 2 375 0 0 First United Bancorp Inc/North COM 33740N105 6,448 1,087,313 X 1, 2 1,087,313 0 0 Fleet Capital Trust VIII PFD 33889X203 20,113 812,000 X 1, 2 812,000 0 0 Flowserve Corp COM 34354P105 777 7,815 X 1, 2 7,815 0 0 Frport-McMoran Copper & Gold Inc. COM 35671D857 21,359 403,301 X 1, 2 403,301 0 0 FRONTIER COMMUNICATIO COM 35906A108 570 74,751 X 1, 2 74,393 0 358 FUJIFILM HLDGS CORP A COM 35958N107 254 8,216 X 1, 2 0 8,216 0 GDF SUEZ SPONS ADR COM 36160B105 1,446 39,509 X 1, 2 38,954 0 555 ALLY FINANCIAL INC PFD 36186C202 2,925 125,000 X 1, 2 125,000 0 0 G-III APPAREL GROUP LTD COM 36237H101 6,933 224,598 X 1, 2 224,598 0 0 Gamestop Corp COM 36467W109 736 31,194 X 1, 2 31,194 0 0 GENERAL MOTORS CO PFD 37045V209 12,246 265,000 X 1, 2 265,000 0 0 GENWORTH FINL INC COM COM 37247D106 317 30,880 X 1, 2 3,840 27,040 0 Georgia Power Capital Trust VII PFD 37333T205 8,706 345,600 X 1, 2 345,600 0 0 Glacier Bancorp Inc COM 37637Q105 10,810 822,681 X 1, 2 822,681 0 0 GLAXOSMITHKLINE PLC A COM 37733W105 50,226 1,160,086 X 1, 2 1,072,603 32,836 54,647 GLOBAL EDUCATION & TECH-ADR ADR 37951A108 4,400 876,525 X 1, 2 876,525 0 0 Global Aviation Holdings Inc COM 37990V204 855 87,000 X 1, 2 87,000 0 0 GOLD RESV INC CL A COM 38068N108 124 48,870 X 1, 2 0 0 48,870 GOLDMAN SACHS GROUP I COM 38141G104 109,952 820,295 X 1, 2 819,834 0 461 Goldman Sachs Group Inc PFD 38144X500 19,549 784,800 X 1, 2 784,800 0 0
Page 20 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE GOLDMAN SACHS GROUP INC PFD 38145X111 50,842 2,050,924 X 1, 2 2,050,924 0 0 Google Inc Class A COM 38259P508 247,271 409,600 X 1, 2 409,600 0 0 GRKTOWN SUPERHLDINGS PFD PFD 392485207PP 49,532 619,156 X 1, 2 619,156 0 0 HCA HOLDINGS INC COM 40412C101 4,506 168,882 X 1, 2 168,882 0 0 HSBC USA Inc. PFD 40428H201 24,250 499,700 X 1, 2 499,700 0 0 HSBC USA INC PFD 40428H862 15,942 640,000 X 1, 2 640,000 0 0 HSBC Finance Corporation PFD 40429C607 21,428 895,800 X 1, 2 895,800 0 0 JH Tax Advantage Div Fund COM 41013V100 503 31,100 X 1, 2 31,100 0 0 Heritage Financial Corp COM 42722X106 3,590 275,481 X 1, 2 275,481 0 0 Heritage Oaks Bancorp. COM 42724R107 6,586 1,715,145 X 1, 2 1,715,145 0 0 HERITAGE FINANCIAL GROUP INC COM 42726X102 3,181 270,000 X 1, 2 270,000 0 0 HESS CORP COM 42809H107 24 347 X 1, 2 347 0 0 HOME FEDERAL BNCRP INC/MD COM 43710G105 3,701 346,177 X 1, 2 346,177 0 0 HOMEAWAY INC COM 43739Q100 786 20,000 X 1, 2 20,000 0 0 HOWARDHUGHES CORP/THE-W/I COM 44267D107 2,062 34,100 X 1, 2 34,100 0 0 ISTAR FINANCIAL INC COM 45031U101 18 2,500 X 1, 2 2,500 0 0 iStar Financial Inc PFD 45031U507 6,182 328,300 X 1, 2 328,300 0 0 iStar Financial Inc PFD 45031U606 9,532 506,757 X 1, 2 506,757 0 0 iStar Financial Inc PFD 45031U705 5,276 290,366 X 1, 2 290,366 0 0 iStar Financial Inc PFD 45031U804 4,845 272,210 X 1, 2 272,210 0 0 ICICI Bank Ltd.-Spon ADR ADR 45104G104 92 1,976 X 1, 2 1,976 0 0 IGATE CORP COM 45169U105 7,563 504,534 X 1, 2 504,534 0 0 IMPAX LABORATORIES INC COM 45256B101 5,158 243,554 X 1, 2 243,554 0 0 Integrys Energy Group Inc COM 45822P105 39,917 795,000 X 1, 2 795,000 0 0 INVESCO MORTGAGE CAPITAL COM 46131B100 21,136 1,079,490 X 1, 2 1,079,490 0 0 JDS UNIPHASE CORP COM 46612J507 14 1,033 X 1, 2 1,033 0 0 JP Morgan Chase Cap X PFD 46623D200 12,384 487,000 X 1, 2 487,000 0 0 JPMorgan Chase COM 46625H100 241,730 6,014,193 X 1, 2 5,970,690 26,373 17,130 JPMorgan Chase & Co PFD 46625H621 14,606 535,000 X 1, 2 535,000 0 0 JP MORGAN CHASE CAP XI PFD 46626V207 1,154 46,500 X 1, 2 46,500 0 0 JANUS CAP GROUP INC C COM 47102X105 13,249 1,567,319 X 1, 2 1,567,319 0 0 Joe's Jean Inc. COM 47777N101 1,970 2,431,773 X 1, 2 2,431,773 0 0 JOHN HANCOCK INVT TR COM 47803P302 469 28,500 X 1, 2 28,500 0 0 JUPITER TELECOM-UNSPON ADR ADR 48206M102 127 1,629 X 1, 2 1,629 0 0 KKR Financial Holdings LLC COM 48248A306 19 2,010 X 1, 2 2,010 0 0 KKR & CO LP COM 48248M102 672 45,824 X 1, 2 45,824 0 0 Kimco Realty Corp COM 49446R109 2,409 126,600 X 1, 2 126,600 0 0 Kimco Realty Corp PFD 49446R869 4,974 200,000 X 1, 2 200,000 0 0
Page 21 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE KINDER MORGAN INC COM 49456B101 593 21,000 X 1, 2 21,000 0 0 KODIAK OIL & GAS CORP COM 50015Q100 4,291 632,000 X 1, 2 632,000 0 0 KRAFT FOODS INC - A COM 50075N104 12 355 X 1, 2 355 0 0 LG DISPLAY CO LTD-ADR ADR 50186V102 1,204 86,991 X 1, 2 85,960 0 1,031 Lab Corp of America Holdings COM 50540R409 2,056 22,648 X 1, 2 22,648 0 0 Lehman Brothers Holding Cp Trust III PFD 52519Y209 62 1,135,400 X 1, 2 1,135,400 0 0 LIFEPOINT HOSPITALS I COM 53219L109 210 5,385 X 1, 2 2,815 2,570 0 LUMBER LIQUIDATORS HOLDINGS COM 55003T107 9,155 582,760 X 1, 2 582,760 0 0 M&T Bank Corporation COM 55261F104 23,166 268,627 X 1, 2 268,627 0 0 MBIA Inc COM 55262C100 173 18,750 X 1, 2 18,750 0 0 MB Financial Inc COM 55264U108 18,939 938,043 X 1, 2 938,043 0 0 MFA FINANCIAL INC COM 55272X102 4,333 578,492 X 1, 2 578,492 0 0 MGE ENERGY INC COM COM 55277P104 293 7,236 X 1, 2 0 7,236 0 Macquarie Infrastructure Co LLC COM 55608B105 274 10,500 X 1, 2 10,500 0 0 MADISON SQRE GARDEN CO-A COM 55826P100 104 3,935 X 1, 2 3,935 0 0 MAINSRCE FINANCIAL GROUP I COM 56062Y102 541 58,542 X 1, 2 58,542 0 0 Maxim Integrated Products COM 57772K101 5 200 X 1, 2 200 0 0 MCG CAPITAL CORP COM COM 58047P107 84 13,760 X 1, 2 0 13,760 0 McKesson Corp COM 58155Q103 33,834 417,086 X 1, 2 417,086 0 0 Medco Health Solutions Inc COM 58405U102 40,075 637,332 X 1, 2 637,332 0 0 MEDNAX INC COM 58502B106 11,170 163,877 X 1, 2 163,877 0 0 MERCK & COMPANY COM 58933Y105 58,640 1,746,073 X 1, 2 1,742,373 0 3,700 Merrill Lynch Preferred Cap Trust III PFD 59021F206 30,384 1,269,700 X 1, 2 1,269,700 0 0 ML Preferred Capital Trust IV PFD 59021G204 21,511 894,800 X 1, 2 894,800 0 0 Merrill Lynch Preferred Capital Trust PFD 59021K205 26,068 1,078,100 X 1, 2 1,078,100 0 0 METLIFE INC COM 59156R108 128,541 3,144,396 X 1, 2 3,136,086 0 8,310 METLIFE INC 5% 10/10/2012 PFD 59156R116 27,279 350,000 X 1, 2 350,000 0 0 Metlife Inc 6.5% Ser B PFD 59156R603 118,668 4,748,600 X 1, 2 4,748,600 0 0 MITEL NETWORKS CORP COM 60671Q104 125 28,000 X 1, 2 28,000 0 0 MOLSON COORS BREWING CO B COM 60871R209 3,618 105,274 X 1, 2 99,172 2,000 4,102 MONARCH FINANCIAL HLDGS PFD 60907Q209 2,561 98,500 X 1, 2 98,500 0 0 Monotype Imaging Holdings Inc. COM 61022P100 8,127 593,192 X 1, 2 593,192 0 0 Monsanto Co COM 61166W101 40,077 545,418 X 1, 2 545,418 0 0 MORGAN STANLEY CAP TRUST PFD 61750K208 3,121 127,700 X 1, 2 127,700 0 0 MOSAIC CO/THE COM 61945C103 32,099 453,892 X 1, 2 453,892 0 0 NetApp Inc. COM 64110D104 33 690 X 1, 2 690 0 0 NEWBRIDGE BANCORP COM 65080T102 203 42,276 X 1, 2 42,276 0 0 Nexen Inc PFD 65334H508 152,229 6,052,844 X 1, 2 6,052,844 0 0
Page 22 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE NEXTERA ENERGY INC COM 65339F101 6 112 X 1, 2 112 0 0 NEXTERA ENERGY CAPITAL PFD 65339K407 521 20,000 X 1, 2 20,000 0 0 NIELSEN HOLDINGS NV PFD 65410B201 592 10,000 X 1, 2 10,000 0 0 NISOURCE INC COM COM 65473P105 28,418 1,411,370 X 1, 2 1,356,645 54,725 0 NOMURA HOLDINGS INC-ADR ADR 65535H208 813 165,030 X 1, 2 127,385 36,140 1,505 NOVARTIS AG SPONSORED COM 66987V109 33,458 546,754 X 1, 2 541,687 4,642 425 NU SKIN ENTERPRISES INC COM 67018T105 24 650 X 1, 2 650 0 0 Nstar Electric Co. PFD 67021C305 10,781 130,286 X 1, 2 130,286 0 0 O'REILLY AUTOMOTIVE INC COM 67103H107 1,031 17,328 X 1, 2 17,328 0 0 OBAGI MEDICAL PRODUCTS INC COM 67423R108 3,899 375,966 X 1, 2 375,966 0 0 Oracle Corp COM COM 68389X105 45,092 1,485,166 X 1, 2 1,468,487 0 16,679 PLC Capital Trust IV PFD 69340N202 24,532 978,535 X 1, 2 978,535 0 0 PLC Capital Trust V PFD 69340Y208 10,759 448,279 X 1, 2 448,279 0 0 PMC-SIERRA INC COM COM 69344F106 249 47,092 X 1, 2 34,512 0 12,580 PMI GROUP INC COM 69344M101 79 79,475 X 1, 2 79,475 0 0 PNM Resources Inc COM 69349H107 8,381 558,000 X 1, 2 558,000 0 0 PPL Corporation COM 69351T106 11,960 428,664 X 1, 2 428,664 0 0 PPL CORPORATION PFD 69351T114 26,821 500,025 X 1, 2 500,025 0 0 PPL CORPORATION PFD 69351T601 63,662 1,135,000 X 1, 2 1,135,000 0 0 PPL Electric Utilities Corp PFD 69351U863 51,919 2,069,000 X 1, 2 2,069,000 0 0 Pacific Continental Corp. COM 69412V108 5,442 553,022 X 1, 2 553,022 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 6,481 200,090 X 1, 2 200,090 0 0 PARK STERLING CORP COM 70086Y105 3,871 825,406 X 1, 2 825,406 0 0 PARKWAY PROPERTIES (REITS) COM 70159Q104 215 12,216 X 1, 2 12,216 0 0 Petroleo Brasileiro SA-ADR ADR 71654V408 4,997 172,893 X 1, 2 152,003 14,233 6,657 Powershares QQQ COM 73935A104 2,062 35,570 X 1, 2 35,570 0 0 Praxair Inc COM 74005P104 29,948 279,184 X 1, 2 260,344 70 18,770 PRESTIGE BRANDS HLDGS COM 74112D101 158 12,285 X 1, 2 0 12,285 0 PRICE T ROWE GROUP IN COM 74144T108 57,574 990,732 X 1, 2 963,357 125 27,250 Principal Financial Group Inc. PFD 74251V300 4,016 160,000 X 1, 2 160,000 0 0 Progress Energy Inc COM 743263AA3 34 337,750 X 1, 2 337,750 0 0 PROLOGIS INC COM 74340W103 567 15,908 X 1, 2 15,908 0 0 ProShares UltraDOW 30 COM 74347R305 19 315 X 1, 2 315 0 0 PROSHARES ULTRASHORT EURO COM 74347W882 5 275 X 1, 2 275 0 0 PROSHARES ULTRA MSCI JAPAN COM 74347X708 6 75 X 75 0 0 PUBLIC STORAGE PFD 74460D125 3,730 149,500 X 149,500 0 0 PUBLIC STORAGE PFD 74460D141 9,476 371,600 X 371,600 0 0 PUBLIC STORAGE 6.5% 12/31/49 PFD 74460D158 5,791 224,450 X 224,450 0 0
Page 23 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY -------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE Public Storage Inc PFD 74460D497 877 35,000 X 35,000 0 0 Public Storage Inc PFD 74460D554 743 30,000 X 30,000 0 0 Public Storage Inc PFD 74460D570 1,989 80,000 X 80,000 0 0 QUEST DIAGNOSTICS INC COM 74834L100 31,779 586,546 X 569,081 17,465 0 QWEST CORP PFD 74913G204 80,410 3,098,638 X 3,098,638 0 0 RBS Capital Fund Trust V PFD 74928K208 23,607 1,760,366 X 1,760,366 0 0 RBS Capital Fund Trst VI PFD 74928M204 4,512 340,000 X 340,000 0 0 RBS Capital Fund Trst VII PFD 74928P207 18,185 1,348,000 X 1,348,000 0 0 RLJ LODGING TRUST COM 74965L101 138 8,000 X 8,000 0 0 Range Resources Corp COM 75281A109 459 7,043 X 7,043 0 0 Reddy Ice Holdings Inc COM 75734R105 849 283,977 X 283,977 0 0 REGIONS FINANCING TR III PFD 7591EM107 2,423 94,070 X 94,070 0 0 REGIONS FINANCIAL COR COM 7591EP100 250 40,290 X 3,605 36,685 0 REPSOL YPF SA -SPNSORD ADR ADR 76026T205 51 1,600 X 1,600 0 0 SL Green Realty Corp COM 78440X101 231 2,822 X 2,822 0 0 SLM Corp PFD 78442P205 34,911 775,790 X 775,790 0 0 SLM Corp PFD 78442P304 9,371 447,940 X 447,940 0 0 SPDR S&P 500 ETF Trust COM 78462F103 214,282 1,660,454 X 1,660,454 0 0 SPDR BARCLAYS CAP HIGH YEI COM 78464A417 23,975 595,660 X 595,660 0 0 SVB Financial Group COM 78486Q101 37,064 607,400 X 607,400 0 0 Salesforce.com Inc COM 79466L302 18 121 X 121 0 0 SANOFI-AVENTIS-ADR ADR 80105N105 2,846 77,057 X 61,182 12,061 3,814 Banco Santander PFD 80281R300 357 15,500 X 15,500 0 0 SANTANDER HOLDINGS USA PFD 80282K205 30,355 1,211,781 X 1,211,781 0 0 SCANA CORP NEW COM COM 80589M102 1,451 36,860 X 8,840 28,020 0 SCANA CORP 7.7% 1/30/2065 PFD 80589M201 54,845 1,976,400 X 1,976,400 0 0 SHIRE PHARMACEUTICALS COM 82481R106 1,663 16,414 X 11,904 4,510 0 SIERRA BANCORP COM 82620P102 4,608 400,000 X 400,000 0 0 Silver Standard Resources Inc COM 82823L106 1,531 55,884 X 55,884 0 0 Sirius XM Radio Inc. COM 82967N108 8,846 4,192,321 X 4,192,321 0 0 SMITH&NEPHEW PLC -SPON ADR ADR 83175M205 1,876 34,718 X 32,909 1,315 494 SNAP INTERACTIVE INC COM 83303W109 204 189,163 X 189,163 0 0 SNAP INTERACTIVE INC COM 83303W1PP 2,160 2,000,000 X 2,000,000 0 0 SNAP INTRACTIVE INC WARRANT WTS 83303W1PW 903 1,000,000 X 1,000,000 0 0 SOLAZYME INC COM 83415T101 2,769 121,199 X 121,199 0 0 SOLAR SENIOR CAPITAL LTD COM 83416M105 7,623 426,346 X 426,346 0 0 Sonosite Inc COM 83568G104 4,644 142,177 X 142,177 0 0 Southcoast Financial Corp COM 84129R100 591 222,896 X 222,896 0 0
Page 24 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE SPECTRUM BRNDS HLDINGS INC COM 84763R101 21,496 805,104 X 805,104 0 0 STAG INDUSTRIAL INC COM 85254J102 86 7,000 X 7,000 0 0 Stantec Inc COM 85472N109 672 23,540 X 23,540 0 0 Star Tribune COM 85519Y100 1,580 54,473 X 54,473 0 0 Star Tribune WTS 85519Y118 0 20,778 X 20,778 0 0 STORA ENSO AB ADR SPO COM 86210M106 456 43,444 X 11,645 31,799 0 STRATEGIC HOTELS & RSRTS PFD 86272T502 4,953 175,000 X 175,000 0 0 SUN BANCORP INC-NJ COM 86663B102 3,158 1,012,076 X 1,012,076 0 0 SWIFT TRANSPORTATION CO COM 87074U101 17,668 1,558,003 X 1,558,003 0 0 Synovus Financial Corp. COM 87161C105 17,347 9,479,454 X 9,479,454 0 0 TMS INTERNATIONAL CORP-A COM 87261Q103 10,368 837,482 X 837,482 0 0 TECHTARGET COM 87874R100 5,080 766,235 X 766,235 0 0 TEMBEC INC COM 87974D100 423 114,308 X 114,308 0 0 Tempur Pedic Intl Inc COM 88023U101 5,460 75,821 X 75,821 0 0 TESLA MOTORS INC COM 88160R101 484 17,165 X 17,165 0 0 3M CO COM COM 88579Y101 39,993 436,584 X 395,362 12,680 28,542 Time Warner Cable COM 88732J207 1,111 15,149 X 15,149 0 0 TRAVELZOO INC COM 89421Q106 19,722 373,516 X 373,516 0 0 TREX COMPANY INC COM 89531P105 8,938 424,015 X 424,015 0 0 TRUMP ENT COM COM 89816T202 2,339 584,817 X 584,817 0 0 SWIFT MAND COMM EXCH SEC PFD 90213G207 3,216 286,430 X 286,430 0 0 USA Mobility Inc COM 90341G103 1,927 116,728 X 116,728 0 0 US Airways Group Inc COM 90341W108 69 11,000 X 11,000 0 0 Ultimate Software Group Inc COM 90385D107 8,448 155,350 X 155,350 0 0 UNION FIRST MARKET BNKSHRES COM 90662P104 4,543 364,884 X 364,884 0 0 UNITED BANCORP INC COM 90944L103 2,655 885,000 X 885,000 0 0 UNITED UTILS PLC ADR COM 91311Q105 0 11,861 X 0 11,861 0 UnitedHealth Group Incorporated COM 91324P102 35 713 X 713 0 0 USB Capital PFD 91731L207 3,082 122,700 X 122,700 0 0 VALEANT PHARMACEUTICA COM 91911K102 344 6,630 X 6,630 0 0 Vectren Corporation COM 92240G101 26,674 1,010,000 X 1,010,000 0 0 VeriFone Systems Inc COM 92342Y109 9,649 245,089 X 245,089 0 0 Verizon COM 92343V104 29,091 861,122 X 826,919 30,888 3,315 VERISK ANALYTICS INC-CLASS A COM 92345Y106 16,988 510,165 X 510,165 0 0 Viacom Inc-Class B COM 92553P201 160 3,300 X 3,300 0 0 VIACOM PFD 92553P300 81,830 3,245,945 X 3,245,945 0 0 VIEWPOINT FINANCIAL GROUP COM 92672A101 911 69,957 X 69,957 0 0 Visa Inc. COM 92826C839 33,546 397,480 X 397,480 0 0
Page 25 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY ---------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE VODAFONE GROUP INC COM 92857W209 15,474 555,596 X 526,560 28,055 981 WABCO HOLDINGS INC COM 92927K102 731 11,592 X 11,592 0 0 Wachovia Corp PFD 92977V206 30,764 1,205,500 X 1,205,500 0 0 Walter Energy Inc COM 93317Q105 1,016 8,290 X 8,290 0 0 Walter Investment Management Co COM 93317W102 5,372 222,079 X 222,079 0 0 Warren Resources Inc COM 93564A100 42,462 10,432,825 X 10,432,825 0 0 WASTE MGMT INC DEL CO COM 94106L109 1,180 31,650 X 3,880 27,770 0 WELLCARE HEALTH PLANS INC COM 94946T106 3,033 69,163 X 69,163 0 0 WELLPOINT INC COM 94973V107 16,940 250,773 X 250,773 0 0 WENDY'S CO/THE COM 95058W100 7 1,285 X 1,285 0 0 Westar Energy Inc PFD 95709T704 17,590 693,877 X 693,877 0 0 WILLIAMS PARTNERS LP COM 96950F104 8 137 X 137 0 0 WILSHIRE BANCORP INC COM 97186T108 6,552 1,985,352 X 1,985,352 0 0 Xanadoo Co PFD 98387T301 6,562 345,350 X 345,350 0 0 Xcel Energy Inc COM 98389B100 37,680 1,570,000 X 1,570,000 0 0 Xcel Energy Inc PFD 98389B308 998 12,110 X 12,110 0 0 XCEL ENERGY INC PFD 98389B407 3,100 38,420 X 38,420 0 0 Xcel Energy Inc PFD 98389B506 3,392 42,671 X 42,671 0 0 Xcel Energy Inc PFD 98389B605 3,333 41,020 X 41,020 0 0 Xcel Energy Inc PFD 98389B704 7,205 77,350 X 77,350 0 0 Xcel Energy Inc PFD 98389B886 21,025 779,000 X 779,000 0 0 ZIMMER HLDGS INC COM COM 98956P102 4,782 89,521 X 87,841 0 1,680 Prudential Plc PFD B02FFZ2 5,693 227,100 X 227,100 0 0 ENERGY XXI BERMUDA COM B1YBPT9 9,023 275,000 X 275,000 0 0 NOBLE CORP COM B65Z9D7 49,226 1,335,134 X 1,335,134 0 0 DEUTSCHE BK A G ORD COM D18190898 1,503 25,379 X 20,530 4,629 220 100,000THS FIRST HORI COM DCA517101 0 45,924 X 45,924 0 0 SANTANDER FIN PFD SA UNI PFD E8683R144 39,592 1,421,100 X 1,421,100 0 0 Assured Guaranty Ltd COM G0585R106 3,814 269,537 X 269,537 0 0 Accenture PLC COM G1151C101 25 421 X 421 0 0 Cooper Industries PLC COM G24140108 7,537 144,092 X 144,092 0 0 Invesco Ltd COM G491BT108 4,210 189,801 X 189,801 0 0 Lazard Ltd COM G54050102 80,833 2,405,744 X 2,405,744 0 0 Maiden Holdings Ltd. COM G5753U112 2,359 254,500 X 254,500 0 0 MARVELL TECHNOLOGY GR COM G5876H105 1,403 141,653 X 136,366 0 5,287 PartnerRe Ltd COM G6852T105 3 51 X 51 0 0 Prudential Plc 6.5 PFD G7293H189 9,640 387,138 X 387,138 0 0 Renaissancere Holdings Limited PFD G7498P309 7,137 302,300 X 302,300 0 0
Page 26 of 27 INVSTMNT DSCRTN NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR SHRD SOLE OTHER OTHER VOTING AUTHORITY --------------------------- CLASS (x$1000) PRN AMT (A) (B) (C) MGR SOLE SHARED NONE ROYAL BK SCOTLAND GRO COM G76891111 8 13,645 X 0 13,645 0 SEACUBE CONTER LEASING LT COM G79978105 7,122 490,854 X 490,854 0 0 VELTI PLC COM G93285107 9,601 581,503 X 581,503 0 0 ACE Ltd. COM H0023R105 31,747 473,977 X 473,977 0 0 Weatherford International Ltd. COM H27013103 41,533 1,894,741 X 1,894,741 0 0 Angel Management COM JHFANGCMN 0 1,632 X 1,632 0 0 First American Financial Hldings Inc COM JHFFAMFPP 1,152 300,000 X 300,000 0 0 FIRST MI BANK PRIV PLCMNT COM JHFFMBPP1 23,953 3,350,000 X 3,350,000 0 0 Muzak Holdings LLC COM JHFMUZCOM 0 264,624 X 264,624 0 0 VERTIS HOLDINGS COM JHVERTIS7 19,710 1,065,383 X 1,065,383 0 0 Katanga Mining Warrants WTS KATWTS850 0 80,000 X 80,000 0 0 Check Point Software Technologies COM M22465104 3,039 53,244 X 18,879 34,365 0 MLI EMRGING MRKT DEBT FD X COM MLI0X4108 149 14,792 X 14,792 0 0 MLI GLOBAL OPPS FUND X COM MLI0X4110 268 28,724 X 28,724 0 0 MLI EMRGING MKT EQTY FUND X COM MLI0X8173 309 32,990 X 32,990 0 0 LYONDELLBASELL INDU-CL A COM N53745100 33,272 843,192 X 843,192 0 0 NXP SEMICONDUCTORS NV COM N6596X109 12,000 606,653 X 606,653 0 0 Copa Holdings SA-Class A COM P31076105 10,978 167,328 X 167,328 0 0 DIANA SHIPPING INC COM Y2066G104 128 13,085 X 13,085 0 0 DIANA CONTAINERSHIPS INC COM Y2069P101 2 325 X 325 0 0 Number of Securities 1008 15,901,283
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