0000919574-13-003462.txt : 20130515
0000919574-13-003462.hdr.sgml : 20130515
20130515130504
ACCESSION NUMBER: 0000919574-13-003462
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130331
FILED AS OF DATE: 20130515
DATE AS OF CHANGE: 20130515
EFFECTIVENESS DATE: 20130515
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROSPECTOR PARTNERS LLC
CENTRAL INDEX KEY: 0001080380
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-04685
FILM NUMBER: 13845292
BUSINESS ADDRESS:
STREET 1: 370 CHURCH STREET
CITY: GUILFORD
STATE: CT
ZIP: 06437
BUSINESS PHONE: (203) 458-1500
MAIL ADDRESS:
STREET 1: 370 CHURCH STREET
CITY: GUILFORD
STATE: CT
ZIP: 06437
13F-HR
1
d1382050_13f-hr.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended March 31, 2013
Check here if Amendment: |_|; Amendment Number:
This Amendment (Check only one): |_| is a restatement
|_| adds new holding entries.
Institutional Manager Filing this Report:
Name: Prospector Partners, LLC
Address: 370 Church Street
Guilford, CT 06437
13F File Number: 028-04685
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John D. Gillespie
Title: Managing Member
Phone: (203) 458-1500
Signature, Place and Date of Signing:
/s/ John D. Gillespie Guilford, CT May 15, 2013
----------------------- -------------------------- ----------------------
[Signature] [City, State] [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 managers(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: 334
Form 13F Information Table Value Total: $2,210,348
(thousands)
List of Other Included Managers:
No. Form 13F File Number Name
1. 028-00470 White Mountains Advisors LLC
2. 028-12951 OneBeacon Insurance Group, Ltd.
3. 028-xxxxx Prospector Funds, Inc.
FORM 13F INFORMATION TABLE
March 31, 2013
Prospector Partners, LLC
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 (x1000) PRN AMT PRN CALL DISCRETION MNGRS SOLE SHARED NONE
-------------- -------------- ----- ------- ------- --- ---- ---------- ----- ---- ------ ----
ABBOTT LABS COM 002824100 19,620 555,500 SH Sole 2, 3 555,500
ABBOTT LABS COM 002824100 5,535 156,700 SH Shared 1 156,700
ABBVIE INC COM 00287Y109 5,326 130,600 SH Sole 2, 3 130,600
ABBVIE INC COM 00287Y109 1,590 39,000 SH Shared 1 39,000
AFLAC INC COM 001055102 1,451 27,900 SH Sole NONE 27,900
ALLIANT TECHSYSTEMS INC COM 018804104 1,782 24,600 SH Sole 2, 3 24,600
ALLIANT TECHSYSTEMS INC COM 018804104 934 12,900 SH Shared 1 12,900
ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 10,036 9,250,000 PRN Sole 2, 3 9,250,000
ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 2,577 2,375,000 PRN Shared 1 2,375,000
ALTERRA CAPITAL HOLDINGS LIM COM G0229R108 4,457 141,500 SH Sole 2, 3 141,500
ALTERRA CAPITAL HOLDINGS LIM COM G0229R108 1,351 42,904 SH Shared 1 42,904
AMERICAN INTL GROUP INC COM NEW 026874784 8,102 208,700 SH Sole 2, 3 208,700
AMERICAN INTL GROUP INC COM NEW 026874784 2,457 63,300 SH Shared 1 63,300
AMERICAN ELEC PWR INC COM 025537101 97 2,000 SH Sole NONE 2,000
AMERICAN ELEC PWR INC COM 025537101 652 13,400 SH Shared 1 13,400
AMERISAFE INC COM 03071H100 1,166 32,800 SH Sole NONE 32,800
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 2,887 122,600 SH Sole 2, 3 122,600
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 739 31,400 SH Shared 1 31,400
ARCH CAP GROUP LTD ORD G0450A105 17,946 341,373 SH Sole 2, 3 341,373
ARCH CAP GROUP LTD ORD G0450A105 1,793 34,100 SH Shared 1 34,100
ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 20,251 20,050,000 PRN Sole 2, 3 20,050,000
ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 6,010 5,950,000 PRN Shared 1 5,950,000
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 22,639 586,803 SH Sole 2, 3 586,803
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 3,252 84,300 SH Shared 1 84,300
AURICO GOLD INC COM 05155C105 416 66,114 SH Sole 2, 3 66,114
AURICO GOLD INC COM 05155C105 113 17,991 SH Shared 1 17,991
AUTOMATIC DATA PROCESSING IN COM 053015103 46,801 719,800 SH Sole 2, 3 719,800
AUTOMATIC DATA PROCESSING IN COM 053015103 13,602 209,200 SH Shared 1 209,200
AXIS CAPITAL HOLDINGS INV SHS G0692U109 13,169 316,400 SH Sole 2, 3 316,400
AXIS CAPITAL HOLDINGS INV SHS G0692U109 1,981 47,600 SH Shared 1 47,600
BARRICK GOLD CORP COM 067901108 17,840 606,800 SH Sole 2, 3 606,800
BARRICK GOLD CORP COM 067901108 5,236 178,100 SH Shared 1 178,100
BEAM INC COM 073730103 16,590 261,100 SH Sole 2, 3 261,100
BEAM INC COM 073730103 5,293 83,300 SH Shared 1 83,300
BERKLEY W R CORP COM 084423102 3,625 81,700 SH Sole 3 81,700
BERKLEY W R CORP COM 084423102 634 14,300 SH Shared 1 14,300
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 51,673 495,900 SH Sole 2, 3 495,900
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 7,315 70,200 SH Shared 1 70,200
BMC SOFTWARE INC COM 055921100 6,046 130,500 SH Sole 2, 3 130,500
BMC SOFTWARE INC COM 055921100 1,677 36,200 SH Shared 1 36,200
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 253 10,200 SH Sole NONE 10,200
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 9,651 645,100 SH Sole 2, 3 645,100
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 2,907 194,300 SH Shared 1 194,300
CAMPBELL SOUP CO COM 134429109 17,650 389,100 SH Sole 2, 3 389,100
CAMPBELL SOUP CO COM 134429109 5,316 117,200 SH Shared 1 117,200
CAPE BANCORP INC COM 139209100 466 50,862 SH Sole 3 50,862
CELADON GROUP INC COM 150838100 2,849 136,600 SH Sole 3 136,600
CENTRAL PAC FINL CORP COM NEW 154760409 1,718 109,400 SH Sole 3 109,400
CENTRAL PAC FINL CORP COM NEW 154760409 834 53,100 SH Shared 1 53,100
CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 14,063 13,950,000 PRN Sole 2, 3 13,950,000
CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 5,091 5,050,000 PRN Shared 1 5,050,000
CHARTER FINL CORP WEST PT GA COM 16122M100 585 45,700 SH Sole 2 45,700
CHARTER FINL CORP WEST PT GA COM 16122M100 165 12,900 SH Shared 1 12,900
CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 6,589 6,000,000 PRN Sole 2, 3 6,000,000
CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 2,196 2,000,000 PRN Shared 1 2,000,000
CHICOPEE BANCORP INC COM 168565109 1,984 118,071 SH Sole 3 118,071
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 4,015 4,400,000 PRN Sole 2, 3 4,400,000
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 1,004 1,100,000 PRN Shared 1 1,100,000
CHUBB CORP COM 171232101 25,428 290,509 SH Sole 3 290,509
CHURCH & DWIGHT INC COM 171340102 9,189 142,182 SH Sole 2, 3 142,182
CHURCH & DWIGHT INC COM 171340102 1,422 22,000 SH Shared 1 22,000
CIRCOR INTL INC COM 17273K109 2,246 52,840 SH Sole 3 52,840
CISCO SYS INC COM 17275R102 4,489 214,700 SH Sole 2, 3 214,700
CISCO SYS INC COM 17275R102 1,163 55,600 SH Shared 1 55,600
CIT GROUP INC COM NEW 125581801 1,957 45,000 SH Sole 2, 3 45,000
CIT GROUP INC COM NEW 125581801 678 15,600 SH Shared 1 15,600
CITIGROUP INC COM NEW 172967424 5,828 131,729 SH Sole 2, 3 131,729
CITIGROUP INC COM NEW 172967424 1,132 25,590 SH Shared 1 25,590
CITY NATL CORP COM 178566105 1,608 27,300 SH Sole 3 27,300
CITY NATL CORP COM 178566105 642 10,900 SH Shared 1 10,900
WILLIAMS CLAYTON ENERGY INC COM 969490101 10,841 247,900 SH Sole 2, 3 247,900
WILLIAMS CLAYTON ENERGY INC COM 969490101 3,013 68,900 SH Shared 1 68,900
CLIFTON SVGS BANCORP INC COM 18712Q103 1,030 82,700 SH Sole 3 82,700
CNA FINL CORP COM 126117100 20,611 630,500 SH Sole 2, 3 630,500
CNA FINL CORP COM 126117100 2,144 65,600 SH Shared 1 65,600
COCA COLA CO COM 191216100 1,933 47,800 SH Sole NONE 47,800
COCA COLA CO COM 191216100 631 15,600 SH Shared 1 15,600
COCA COLA ENTERPRISES INC NE COM 19122T109 13,535 366,600 SH Sole 2, 3 366,600
COCA COLA ENTERPRISES INC NE COM 19122T109 3,943 106,800 SH Shared 1 106,800
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 8,036 7,850,000 PRN Sole 2, 3 7,850,000
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 1,689 1,650,000 PRN Shared 1 1,650,000
CONOCOPHILLIPS COM 20825C104 26,931 448,100 SH Sole 2, 3 448,100
CONOCOPHILLIPS COM 20825C104 8,150 135,600 SH Shared 1 135,600
CORNING INC COM 219350105 16,200 1,215,300 SH Sole 2, 3 1,215,300
CORNING INC COM 219350105 4,821 361,700 SH Shared 1 361,700
CURTISS WRIGHT CORP COM 231561101 11,066 318,900 SH Sole 2, 3 318,900
CURTISS WRIGHT CORP COM 231561101 3,397 97,900 SH Shared 1 97,900
DOLE FOOD CO INC NEW COM 256603101 2,904 266,400 SH Sole 2, 3 266,400
DOLE FOOD CO INC NEW COM 256603101 911 83,600 SH Shared 1 83,600
DOMTAR CORP COM NEW 257559203 31,212 402,107 SH Sole 2, 3 402,107
DOMTAR CORP COM NEW 257559203 9,353 120,500 SH Shared 1 120,500
DONEGAL GROUP INC CL A 257701201 2,886 189,000 SH Sole 2, 3 189,000
DONEGAL GROUP INC CL A 257701201 872 57,100 SH Shared 1 57,100
DREAMWORKS ANIMATION SKG INC CL A 26153C103 7,389 389,700 SH Sole 2, 3 389,700
DREAMWORKS ANIMATION SKG INC CL A 26153C103 2,245 118,400 SH Shared 1 118,400
E M C CORP MASS COM 268648102 4,049 169,500 SH Sole 2, 3 169,500
E M C CORP MASS COM 268648102 1,273 53,300 SH Shared 1 53,300
DU PONT E I DE NEMOURS & CO COM 263534109 35,528 722,700 SH Sole 2, 3 722,700
DU PONT E I DE NEMOURS & CO COM 263534109 12,157 247,300 SH Shared 1 247,300
EBAY INC COM 278642103 1,686 31,100 SH Sole 2 31,100
EBAY INC COM 278642103 423 7,800 SH Shared 1 7,800
EMPIRE DIST ELEC CO COM 291641108 2,802 125,100 SH Sole 2, 3 125,100
EMPIRE DIST ELEC CO COM 291641108 697 31,100 SH Shared 1 31,100
ENDO HEALTH SOLUTIONS INC NOTE 1.750% 4/1 29264FAB2 924 775,000 PRN Sole 2, 3 775,000
ENDO HEALTH SOLUTIONS INC NOTE 1.750% 4/1 29264FAB2 268 225,000 PRN Shared 1 225,000
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 9,988 208,900 SH Sole 3 208,900
ENERGIZER HLDGS INC COM 29266R108 12,656 126,900 SH Sole 2, 3 126,900
ENERGIZER HLDGS INC COM 29266R108 3,760 37,700 SH Shared 1 37,700
FIFTH THIRD BANCORP COM 316773100 7,248 444,400 SH Sole 2, 3 444,400
FIFTH THIRD BANCORP COM 316773100 1,316 80,700 SH Shared 1 80,700
FIRST AMERN FINL CORP COM 31847R102 8,134 318,100 SH Sole 2, 3 318,100
FIRST AMERN FINL CORP COM 31847R102 2,590 101,300 SH Shared 1 101,300
FIRST CONN BANCORP INC MD COM 319850103 763 51,800 SH Sole 3 51,800
FIRST DEFIANCE FINL CORP COM 32006W106 1,681 72,100 SH Sole 3 72,100
FIRSTENERGY CORP COM 337932107 10,357 245,420 SH Sole 2, 3 245,420
FIRSTENERGY CORP COM 337932107 3,279 77,700 SH Shared 1 77,700
FORESTAR GROUP INC COM 346233109 14,843 679,000 SH Sole 2, 3 679,000
FORESTAR GROUP INC COM 346233109 3,930 179,800 SH Shared 1 179,800
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 4,293 3,675,000 PRN Sole 2, 3 3,675,000
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 1,460 1,250,000 PRN Shared 1 1,250,000
FORTUNE BRANDS HOME & SEC IN COM 34964C106 4,653 124,300 SH Sole 2, 3 124,300
FORTUNE BRANDS HOME & SEC IN COM 34964C106 1,340 35,800 SH Shared 1 35,800
FOX CHASE BANCORP INC NEW COM 35137T108 3,435 203,403 SH Sole 3 203,403
FOX CHASE BANCORP INC NEW COM 35137T108 399 23,600 SH Shared 1 23,600
FRANKLIN RES INC COM 354613101 28,664 190,069 SH Sole 2, 3 190,069
FRANKLIN RES INC COM 354613101 4,539 30,100 SH Shared 1 30,100
GALLAGHER ARTHUR J & CO COM 363576109 5,502 133,200 SH Sole 3 133,200
GALLAGHER ARTHUR J & CO COM 363576109 574 13,900 SH Shared 1 13,900
GENERAL MLS INC COM 370334104 6,396 129,700 SH Sole 2 129,700
GENERAL MLS INC COM 370334104 3,496 70,900 SH Shared 1 70,900
GENTEX CORP COM 371901109 722 36,100 SH Sole 3 36,100
GLOBAL CASH ACCESS HLDGS INC COM 378967103 1,130 160,300 SH Sole 3 160,300
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 20,272 2,615,800 SH Sole 2, 3 2,615,800
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 6,267 808,600 SH Shared 1 808,600
GREENHILL & CO INC COM 395259104 2,146 40,200 SH Sole 3 40,200
FULLER H B CO COM 359694106 2,341 59,900 SH Sole 3 59,900
FULLER H B CO COM 359694106 1,333 34,100 SH Shared 1 34,100
HAEMONETICS CORP COM 405024100 967 23,200 SH Sole 3 23,200
HARRIS TEETER SUPERMARKETS I COM 414585109 970 22,700 SH Sole 3 22,700
HESS CORP COM 42809H107 60,797 849,000 SH Sole 2, 3 849,000
HESS CORP COM 42809H107 16,599 231,800 SH Shared 1 231,800
HILLSHIRE BRANDS CO COM 432589109 16,365 465,580 SH Sole 2, 3 465,580
HILLSHIRE BRANDS CO COM 432589109 4,955 140,980 SH Shared 1 140,980
HOLOGIC INC FRNT 2.000%12/1 436440AB7 5,705 4,725,000 PRN Sole 2, 3 4,725,000
HOLOGIC INC FRNT 2.000%12/1 436440AB7 1,540 1,275,000 PRN Shared 1 1,275,000
HOME DEPOT INC COM 437076102 7,201 103,200 SH Sole 3 103,200
HOME DEPOT INC COM 437076102 3,028 43,400 SH Shared 1 43,400
HOMETRUST BANCSHARES INC COM 437872104 4,685 296,500 SH Sole 3 296,500
HOMETRUST BANCSHARES INC COM 437872104 1,913 121,100 SH Shared 1 121,100
HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 1,205 1,200,000 PRN Sole 2, 3 1,200,000
HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 427 425,000 PRN Shared 1 425,000
HOSPIRA INC COM 441060100 6,172 188,000 SH Sole 2, 3 188,000
HOSPIRA INC COM 441060100 1,904 58,000 SH Shared 1 58,000
HOWARD HUGHES CORP COM 44267D107 687 8,200 SH Sole 3 8,200
HYATT HOTELS CORP COM CL A 448579102 6,781 156,865 SH Sole 2, 3 156,865
HYATT HOTELS CORP COM CL A 448579102 1,245 28,800 SH Shared 1 28,800
ILLINOIS TOOL WKS INC COM 452308109 1,560 25,600 SH Sole 2 25,600
ILLINOIS TOOL WKS INC COM 452308109 2,011 33,000 SH Shared 1 33,000
INFINITY PPTY & CAS CORP COM 45665Q103 1,697 30,200 SH Sole 3 30,200
INTERCONTINENTALEXCHANGE INC COM 45865V100 2,153 13,200 SH Sole 2, 3 13,200
INTERCONTINENTALEXCHANGE INC COM 45865V100 408 2,500 SH Shared 1 2,500
INTEROIL CORP NOTE 2.750%11/1 460951AC0 757 775,000 PRN Sole 2, 3 775,000
INTEROIL CORP NOTE 2.750%11/1 460951AC0 220 225,000 PRN Shared 1 225,000
INVESCO LTD SHS G491BT108 10,469 361,500 SH Sole 2, 3 361,500
INVESCO LTD SHS G491BT108 3,168 109,400 SH Shared 1 109,400
J & J SNACK FOODS CORP COM 466032109 2,361 30,700 SH Sole 3 30,700
JACK IN THE BOX INC COM 466367109 1,512 43,700 SH Sole 3 43,700
JACK IN THE BOX INC COM 466367109 764 22,100 SH Shared 1 22,100
JANUS CAP GROUP INC NOTE 3.250% 7/1 47102XAG0 7,761 7,400,000 PRN Sole 2, 3 7,400,000
JANUS CAP GROUP INC NOTE 3.250% 7/1 47102XAG0 2,727 2,600,000 PRN Shared 1 2,600,000
JOHNSON & JOHNSON COM 478160104 41,711 511,600 SH Sole 2, 3 511,600
JOHNSON & JOHNSON COM 478160104 13,493 165,500 SH Shared 1 165,500
JPMORGAN CHASE & CO COM 46625H100 17,366 365,900 SH Sole 2 365,900
JPMORGAN CHASE & CO COM 46625H100 2,454 51,700 SH Shared 1 51,700
KINROSS GOLD CORP COM NO PAR 496902404 1,718 216,600 SH Sole 2, 3 216,600
KINROSS GOLD CORP COM NO PAR 496902404 688 86,800 SH Shared 1 86,800
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 4,070 4,025,000 PRN Sole 2, 3 4,025,000
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 986 975,000 PRN Shared 1 975,000
LANCASTER COLONY CORP COM 513847103 5,282 68,600 SH Sole 2, 3 68,600
LANCASTER COLONY CORP COM 513847103 2,125 27,600 SH Shared 1 27,600
LEGG MASON INC COM 524901105 2,231 69,400 SH Sole 2, 3 69,400
LEGG MASON INC COM 524901105 402 12,500 SH Shared 1 12,500
LEUCADIA NATL CORP COM 527288104 19,578 713,762 SH Sole 2, 3 713,762
LEUCADIA NATL CORP COM 527288104 2,507 91,400 SH Shared 1 91,400
LOCKHEED MARTIN CORP COM 539830109 2,886 29,900 SH Sole 2 29,900
LOCKHEED MARTIN CORP COM 539830109 685 7,100 SH Shared 1 7,100
LOEWS CORP COM 540424108 26,244 595,500 SH Sole 2, 3 595,500
LOEWS CORP COM 540424108 8,153 185,000 SH Shared 1 185,000
MAIDEN HOLDINGS LTD SHS G5753U112 1,037 97,900 SH Sole NONE 97,900
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,022 27,000 SH Sole NONE 27,000
MARSH & MCLENNAN COS INC COM 571748102 3,376 88,900 SH Sole 2 88,900
MATTHEWS INTL CORP CL A 577128101 1,521 43,600 SH Sole 3 43,600
MATTHEWS INTL CORP CL A 577128101 904 25,900 SH Shared 1 25,900
MAXIM INTEGRATED PRODS INC COM 57772K101 4,600 140,900 SH Sole 2, 3 140,900
MAXIM INTEGRATED PRODS INC COM 57772K101 1,482 45,400 SH Shared 1 45,400
MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 7,575 7,575,000 PRN Sole 2 7,575,000
MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 425 425,000 PRN Shared 1 425,000
MERCK & CO INC NEW COM 58933Y105 3,801 85,948 SH Sole 2, 3 85,948
MERCK & CO INC NEW COM 58933Y105 2,694 60,900 SH Shared 1 60,900
MERCURY GENL CORP NEW COM 589400100 1,017 26,800 SH Sole NONE 26,800
METLIFE INC COM 59156R108 6,271 164,951 SH Sole 2, 3 164,951
METLIFE INC COM 59156R108 1,091 28,700 SH Shared 1 28,700
METRO BANCORP INC PA COM 59161R101 962 58,180 SH Sole 3 58,180
MICROSOFT CORP COM 594918104 12,812 447,800 SH Sole 2, 3 447,800
MICROSOFT CORP COM 594918104 3,522 123,100 SH Shared 1 123,100
MOLINA HEALTHCARE INC COM 60855R100 1,469 47,600 SH Sole 3 47,600
MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 1,832 1,775,000 PRN Sole 2, 3 1,775,000
MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 232 225,000 PRN Shared 1 225,000
MONSTER BEVERAGE CORP COM 611740101 2,931 61,400 SH Sole 2, 3 61,400
MONSTER BEVERAGE CORP COM 611740101 635 13,300 SH Shared 1 13,300
MONTPELIER RE HOLDINGS LTD SHS G62185106 14,171 544,000 SH Sole 2, 3 544,000
MONTPELIER RE HOLDINGS LTD SHS G62185106 3,535 135,700 SH Shared 1 135,700
MURPHY OIL CORP COM 626717102 24,683 387,300 SH Sole 2, 3 387,300
MURPHY OIL CORP COM 626717102 9,158 143,700 SH Shared 1 143,700
NAVIGATORS GROUP INC COM 638904102 5,816 99,002 SH Sole NONE 99,002
NEENAH PAPER INC COM 640079109 2,925 95,100 SH Sole 2, 3 95,100
NEENAH PAPER INC COM 640079109 907 29,500 SH Shared 1 29,500
NETAPP INC COM 64110D104 6,719 196,700 SH Sole 2, 3 196,700
NETAPP INC COM 64110D104 1,329 38,900 SH Shared 1 38,900
WESTFIELD FINANCIAL INC NEW COM 96008P104 2,268 291,500 SH Sole 3 291,500
NEWMONT MINING CORP COM 651639106 32,239 769,600 SH Sole 2, 3 769,600
NEWMONT MINING CORP COM 651639106 8,378 200,000 SH Shared 1 200,000
NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 3,418 3,050,000 PRN Sole 2, 3 3,050,000
NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 1,065 950,000 PRN Shared 1 950,000
NORTHGATE MINERALS CORP NOTE 3.500%10/0 666416AB8 1,621 1,575,000 PRN Sole 2, 3 1,575,000
NORTHGATE MINERALS CORP NOTE 3.500%10/0 666416AB8 437 425,000 PRN Shared 1 425,000
NORTHROP GRUMMAN CORP COM 666807102 3,276 46,700 SH Sole 2, 3 46,700
NORTHROP GRUMMAN CORP COM 666807102 673 9,600 SH Shared 1 9,600
NRG ENERGY INC COM NEW 629377508 20,475 772,942 SH Sole 2, 3 772,942
NRG ENERGY INC COM NEW 629377508 5,692 214,874 SH Shared 1 214,874
NV ENERGY INC COM 67073Y106 3,206 160,080 SH Sole 2, 3 160,080
NV ENERGY INC COM 67073Y106 529 26,400 SH Shared 1 26,400
OCEAN SHORE HLDG CO NEW COM 67501R103 1,154 76,949 SH Sole 3 76,949
OCEANFIRST FINL CORP COM 675234108 3,501 242,800 SH Sole 2, 3 242,800
OCEANFIRST FINL CORP COM 675234108 486 33,700 SH Shared 1 33,700
OMNIAMERICAN BANCORP INC COM 68216R107 1,636 64,700 SH Sole 3 64,700
ORACLE CORP COM 68389X105 4,340 134,200 SH Sole 2 134,200
ORACLE CORP COM 68389X105 1,197 37,000 SH Shared 1 37,000
ORITANI FINL CORP DEL COM 68633D103 10,150 655,261 SH Sole 2, 3 655,261
ORITANI FINL CORP DEL COM 68633D103 1,936 125,000 SH Shared 1 125,000
PACWEST BANCORP DEL COM 695263103 2,614 89,800 SH Sole 2, 3 89,800
PACWEST BANCORP DEL COM 695263103 926 31,800 SH Shared 1 31,800
PATTERSON COMPANIES INC COM 703395103 7,501 197,200 SH Sole 2, 3 197,200
PATTERSON COMPANIES INC COM 703395103 1,339 35,200 SH Shared 1 35,200
PAYCHEX INC COM 704326107 5,702 162,600 SH Sole 2, 3 162,600
PAYCHEX INC COM 704326107 1,824 52,000 SH Shared 1 52,000
PEOPLES FED BANCSHARES INC COM 711037101 584 30,580 SH Sole 3 30,580
PEPSICO INC COM 713448108 18,290 231,200 SH Sole 2, 3 231,200
PEPSICO INC COM 713448108 4,905 62,000 SH Shared 1 62,000
PFIZER INC COM 717081103 46,771 1,620,615 SH Sole 2, 3 1,620,615
PFIZER INC COM 717081103 13,027 451,400 SH Shared 1 451,400
PHH CORP NOTE 4.000% 9/0 693320AN3 18,277 16,625,000 PRN Sole 2, 3 16,625,000
PHH CORP NOTE 4.000% 9/0 693320AN3 4,810 4,375,000 PRN Shared 1 4,375,000
PICO HLDGS INC COM NEW 693366205 1,618 72,900 SH Sole 3 72,900
PLATINUM UNDERWRITER HLDGS L COM G7127P100 61,735 1,106,162 SH Sole 2, 3 1,106,162
PLATINUM UNDERWRITER HLDGS L COM G7127P100 10,956 196,300 SH Shared 1 196,300
POST HLDGS INC COM 737446104 8,611 200,575 SH Sole 3 200,575
POST HLDGS INC COM 737446104 1,451 33,800 SH Shared 1 33,800
POST PPTYS INC COM 737464107 20,540 436,100 SH Sole 2, 3 436,100
POST PPTYS INC COM 737464107 6,090 129,300 SH Shared 1 129,300
PROASSURANCE CORP COM 74267C106 331 7,000 SH Sole NONE 7,000
PROCTER & GAMBLE CO COM 742718109 11,495 149,170 SH Sole 2 149,170
PROCTER & GAMBLE CO COM 742718109 4,585 59,500 SH Shared 1 59,500
PROGRESSIVE CORP OHIO COM 743315103 9,562 378,400 SH Sole 3 378,400
PRUDENTIAL FINL INC COM 744320102 1,380 23,400 SH Sole NONE 23,400
PSB HLDGS INC COM 69360W108 681 114,486 SH Sole NONE 114,486
PUBLIC SVC ENTERPRISE GROUP COM 744573106 19,117 556,700 SH Sole 2, 3 556,700
PUBLIC SVC ENTERPRISE GROUP COM 744573106 5,333 155,300 SH Shared 1 155,300
RPM INTL INC COM 749685103 2,252 71,300 SH Sole 3 71,300
RPM INTL INC COM 749685103 1,437 45,500 SH Shared 1 45,500
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 10,470 9,050,000 PRN Sole 2, 3 9,050,000
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 2,256 1,950,000 PRN Shared 1 1,950,000
SAFETY INS GROUP INC COM 78648T100 2,959 60,200 SH Sole NONE 60,200
SIBANYE GOLD LTD SPONSORED ADR 825724206 3,808 673,925 SH Sole 2, 3 673,925
SIBANYE GOLD LTD SPONSORED ADR 825724206 1,108 196,150 SH Shared 1 196,150
SILGAN HOLDINGS INC COM 827048109 3,964 83,900 SH Sole 2, 3 83,900
SILGAN HOLDINGS INC COM 827048109 1,663 35,200 SH Shared 1 35,200
SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 4,411 3,750,000 PRN Sole 2, 3 3,750,000
SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 1,470 1,250,000 PRN Shared 1 1,250,000
SPDR GOLD TRUST GOLD SHS 78463V107 834 5,400 SH Sole NONE 5,400
SPDR S&P 500 ETF TR TR UNIT 78462F103 16,813 107,400 SH Sole NONE 107,400
STATE AUTO FINL CORP COM 855707105 14,894 855,000 SH Sole 2, 3 855,000
STATE AUTO FINL CORP COM 855707105 4,332 248,700 SH Shared 1 248,700
SUNCOR ENERGY INC NEW COM 867224107 1,666 55,500 SH Sole 2 55,500
SUNCOR ENERGY INC NEW COM 867224107 1,672 55,700 SH Shared 1 55,700
SYMANTEC CORP COM 871503108 10,222 414,200 SH Sole 2, 3 414,200
SYMANTEC CORP COM 871503108 2,488 100,800 SH Shared 1 100,800
SYMETRA FINL CORP COM 87151Q106 29,267 2,182,500 SH Sole NONE 2,182,500
SYSCO CORP COM 871829107 9,862 280,400 SH Sole 2, 3 280,400
SYSCO CORP COM 871829107 2,912 82,800 SH Shared 1 82,800
TALISMAN ENERGY INC COM 87425E103 5,117 417,700 SH Sole 2, 3 417,700
TALISMAN ENERGY INC COM 87425E103 1,559 127,300 SH Shared 1 127,300
TECO ENERGY INC COM 872375100 11,303 634,300 SH Sole 2, 3 634,300
TECO ENERGY INC COM 872375100 3,418 191,800 SH Shared 1 191,800
TELEPHONE & DATA SYS INC COM NEW 879433829 15,206 721,700 SH Sole 2, 3 721,700
TELEPHONE & DATA SYS INC COM NEW 879433829 4,492 213,200 SH Shared 1 213,200
PNC FINL SVCS GROUP INC COM 693475105 11,298 169,900 SH Sole 2 169,900
PNC FINL SVCS GROUP INC COM 693475105 2,906 43,700 SH Shared 1 43,700
THOMAS PPTYS GROUP INC COM 884453101 3,814 743,455 SH Sole 3 743,455
THOMAS PPTYS GROUP INC COM 884453101 490 95,500 SH Shared 1 95,500
TOOTSIE ROLL INDS INC COM 890516107 19,920 665,988 SH Sole 2, 3 665,988
TOOTSIE ROLL INDS INC COM 890516107 5,878 196,530 SH Shared 1 196,530
TOWER GROUP INTL LTD COM G8988C105 277 15,000 SH Sole NONE 15,000
TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 18,560 15,475,000 PRN Sole 2, 3 15,475,000
TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 4,827 4,025,000 PRN Shared 1 4,025,000
TYCO INTERNATIONAL LTD SHS H89128104 2,362 73,800 SH Sole 2, 3 73,800
TYCO INTERNATIONAL LTD SHS H89128104 1,498 46,800 SH Shared 1 46,800
UIL HLDG CORP COM 902748102 467 11,800 SH Sole 3 11,800
UNITED FINANCIAL BANCORP INC COM 91030T109 2,364 155,500 SH Sole 2, 3 155,500
UNITED FINANCIAL BANCORP INC COM 91030T109 993 65,300 SH Shared 1 65,300
UNS ENERGY CORP COM 903119105 8,180 167,153 SH Sole 2, 3 167,153
UNS ENERGY CORP COM 903119105 2,841 58,057 SH Shared 1 58,057
UNUM GROUP COM 91529Y106 4,783 169,300 SH Sole NONE 169,300
USEC INC NOTE 3.000%10/0 90333EAC2 22,848 67,200,000 PRN Sole 2, 3 67,200,000
USEC INC NOTE 3.000%10/0 90333EAC2 5,066 14,900,000 PRN Shared 1 14,900,000
VERISIGN INC COM 92343E102 1,480 31,300 SH Sole 2, 3 31,300
VERISIGN INC COM 92343E102 917 19,400 SH Shared 1 19,400
VIRGINIA COMM BANCORP INC COM 92778Q109 1,692 120,400 SH Sole 3 120,400
WALGREEN CO COM 931422109 24,045 504,300 SH Sole 2, 3 504,300 504,300
WALGREEN CO COM 931422109 7,266 152,400 SH Shared 1 152,400
WAL-MART STORES INC COM 931142103 33,322 445,300 SH Sole 2, 3 445,300
WAL-MART STORES INC COM 931142103 10,843 144,900 SH Shared 1 144,900
WASHINGTON TR BANCORP COM 940610108 1,265 46,200 SH Sole 3 46,200
WATERTONE FINANCIAL INC COM 941888109 104 12,600 SH Sole 3 12,600
WELLPOINT INC COM 94973V107 12,822 193,600 SH Sole 2, 3 193,600
WELLPOINT INC COM 94973V107 2,212 33,400 SH Shared 1 33,400
WHITE MTNS INS GROUP LTD COM G9618E107 28,356 50,000 SH Sole NONE 50,000
WPX ENERGY INC COM 98212B103 3,481 217,300 SH Sole 2, 3 217,300
WPX ENERGY INC COM 98212B103 1,004 62,700 SH Shared 1 62,700
XEROX CORP COM 984121103 7,055 820,400 SH Sole 2, 3 820,400
XEROX CORP COM 984121103 2,137 248,500 SH Shared 1 248,500
XILINX INC COM 983919101 7,832 205,200 SH Sole 2, 3 205,200
XILINX INC COM 983919101 1,508 39,500 SH Shared 1 39,500
XL GROUP PLC SHS G98290102 7,460 246,200 SH Sole 2, 3 246,200
SK 02081 0001 1382050