-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Brhw08XvtsQRIbQsZFeDeGTc2q2Zg7NXWEUZuFOkCKMCF3rleANiAynl8BnVr1Lg KAl4bgsDaGfitmg0VQmraw== 0001140361-08-013111.txt : 20080520 0001140361-08-013111.hdr.sgml : 20080520 20080520141325 ACCESSION NUMBER: 0001140361-08-013111 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080520 DATE AS OF CHANGE: 20080520 EFFECTIVENESS DATE: 20080520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVENT CAPITAL MANAGEMENT /DE/ CENTRAL INDEX KEY: 0001097278 IRS NUMBER: 134168910 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05049 FILM NUMBER: 08848107 BUSINESS ADDRESS: STREET 1: 30 BROAD STREET 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2124821600 MAIL ADDRESS: STREET 1: 30 BROAD STREET 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 13F-HR 1 form13fhr.txt ADVENT CAPITAL 13F HR 3-31-2008 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, 2008 Check here if Amendment [ ]; Amendment Number: ------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Advent Capital Management ----------------------------------------------------- Address: 1065 Ave of the Americas 31st Floor New York, NY 10018 ----------------------------------------------------- Form 13F File Number: 28-05049 -------- 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: /s/ Paul L Latronica ------------------------- Title: Vice President ------------------------- Phone: 212-482-1606 ------------------------- Signature, Place, and Date of Signing: /s/ Paul L Latronica New York, NY 5/20/2008 - -------------------- ------------ --------- [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 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: [If there are no entries in this list, omit this section.] 13F File Number Name 28-____________ ________________________________________ [Repeat as necessary.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 327 ----------- Form 13F Information Table Value Total: $3,850,156 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE
FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- ---- ------ -------- PLACER DOME INC2.75000000 10/1 CONV 725906AK7 1349 823000 PRN SOLE 0 0 823000 ADC TELECOM B FLTR 2013 CONV 000886AB7 8486 10389000 PRN SOLE 0 0 10389000 ADC TELECOMUNICATIONS I CONV 000886AE1 4419 4490000 PRN SOLE 0 0 4490000 Archer Daniels .875% 2014 CONV 039483AW2 1794 1498000 PRN SOLE 0 0 1498000 AES TRUST VII CONV PFD6.0% 05/ PFD CV 00103V305 4139 83082 SH SOLE 0 0 83082 ALLERGAN INC 1.5% 04/01/26 CONV 018490AL6 44110 40161000 PRN SOLE 0 0 40161000 ASSURED GUARANTY LTD. COM B00V7H8 1807 71439 SH SOLE 0 0 71439 APRIA HEALTHCARE 3.375% 09/33 CONV 037933AB4 7680 7654000 PRN SOLE 0 0 7654000 ASPEN INSURANCE HLDS LTD PFD CV G05384113 7217 146264 SH SOLE 0 0 146264 5.625% AAR CORP COM 361105 1872 80000 SH SOLE 0 0 80000 AAR CORP 1.625% 144a CONV 000361AJ4 5734 6500000 PRN SOLE 0 0 6500000 AAR CORP CONV 000361AH8 14737 14646000 PRN SOLE 0 0 14646000 ALLEGHANY CORP 5.375% 2009 PFD CV 17175209 3852 12000 SH SOLE 0 0 12000 AFFILIATED MANAGERS 5.15% PFD CV 00170F308 2336 60000 SH SOLE 0 0 60000 10/15/1937 AFFILIATED MANAGERS 5.1% 144A PFD CV 00169X104 10990 250000 SH SOLE 0 0 250000 PREF AFFILIATED MANAGERS 5.1% PFD CV 00169X203 7164 162961 SH SOLE 0 0 162961 AMGEN INC. COM 31162100 2512 60000 SH SOLE 0 0 60000 AMGEN .375 02/01/13 CONV 031162AQ3 20120 23506000 PRN SOLE 0 0 23506000 AMKOR TECH CONV 031652AX8 7749 8000000 PRN SOLE 0 0 8000000 AMYLIN PHARM INC. 3% CONV 032346AF5 2506 3000000 PRN SOLE 0 0 3000000 AMERICAN MEDICAL SYS 3.25% CONV 02744MAA6 3387 3532000 PRN SOLE 0 0 3532000 2036 AMR CORPORATION4.50000000 02/1 CONV 001765BB1 33248 35447000 PRN SOLE 0 0 35447000 AMAZON.COM SUB DEB CONV 4 3/ CONV 023135AF3 9549 8693000 PRN SOLE 0 0 8693000 ASIA CEMENT CORP, 0% 2/20/13 CONV 347678079 3943 3500000 PRN SOLE 0 0 3500000 AVNET, INC.2.00000000 03/15/20 CONV 053807AL7 15818 15232000 PRN SOLE 0 0 15232000 AVERY DENNISON 7.875% PFD PFD CV 53611307 23533 495433 SH SOLE 0 0 495433 ALLIED WASTE COM 19589308 4944 400000 SH SOLE 0 0 400000 ALLIED WASTE CONV 019589AD2 17386 18707000 PRN SOLE 0 0 18707000 ANIXTER INTL INC 1% 2013 CONV 035290AJ4 1850 1705000 PRN SOLE 0 0 1705000 BANK OF AMERICA CORP PFD 7.25% PFD CV 60505682 59867 57308 SH SOLE 0 0 57308 BILL BARRETT CORP 5% 3/15/28 CONV 06846NAA2 4430 4000000 PRN SOLE 0 0 4000000 BECKMAN COULTER 2.5% 2036 CONV 075811AD1 9186 8145000 PRN SOLE 0 0 8145000 BECKMAN COULTER 2.5% 12/2036 CONV 075811AC3 5270 4673000 PRN SOLE 0 0 4673000 BUNGE LTD 5.125% PFD PFD CV G16962113 10435 9824 SH SOLE 0 0 9824 BUNGE LTD PFD CV B1HMD51 3748 27000 SH SOLE 0 0 27000 GENERAL CABLE CORPCMN COM 369300108 2345 35000 SH SOLE 0 0 35000 GENERAL CABLE CORP 1% 10/15/12 CONV 369300AK4 4141 4000000 PRN SOLE 0 0 4000000 GENERAL CABLE CORP 1% 10/15/12 CONV 369300AJ7 10015 9600000 PRN SOLE 0 0 9600000 GENERAL CABLE CORP CONV 369300AD0 26 18000 PRN SOLE 0 0 18000 Blackrock Inc CONV 09247XAB7 628 306000 PRN SOLE 0 0 306000 BRISTOL MYERS COM 110122108 2197 100000 SH SOLE 0 0 100000 BOSTON PRIVATE FINANCIAL 3% CONV 101119AC9 21619 24173000 PRN SOLE 0 0 24173000 2027 BES FINANCE LTD. 1.25% 5/26/11 CONV 344580732 17889 16500000 PRN SOLE 0 0 16500000 BRISTOW GROUP IN PFD CV 110394400 10465 160000 SH SOLE 0 0 160000 PEABODY ENERGY CORP 4.75% 2066 CONV 704549AG9 29835 24067000 PRN SOLE 0 0 24067000 Citigroup pfd 6.5% PFD CV 172967598 12368 238500 SH SOLE 0 0 238500 CONTINENTAL AIRLINES COM 210795308 899 50000 SH SOLE 0 0 50000 CONTINENTAL AIR PFD CV 210796306 24154 970226 SH SOLE 0 0 970226 CAMERON INTERNATIONAL CORP COM 13342B105 1969 40000 SH SOLE 0 0 40000 COOPER CAMERON 2.5% 2026 CONV 13342BAB1 40750 26184000 PRN SOLE 0 0 26184000 BROADWING INC PFD CV 171871403 1200 30000 SH SOLE 0 0 30000 CUBIST PHARM CONV 229678AC1 6508 7000000 PRN SOLE 0 0 7000000 CROWN CASTLE INTL PFD CV 228227401 11346 195462 SH SOLE 0 0 195462 CARNIVAL CORP CONV 143658AN2 28831 26441000 PRN SOLE 0 0 26441000 COMPUCREDIT CORP 3.625% CONV 20478NAB6 1901 4743000 PRN SOLE 0 0 4743000 05/30/25 COMPUCREDIT CORP 5.875% 2035 CONV 20478NAD2 1962 5304000 PRN SOLE 0 0 5304000 CCS TERM LOAN L+300 PFD CV 21390 24000000 SH SOLE 0 0 24000000 COEUR D'ALENE CONV 192108AQ1 3868 4691000 PRN SOLE 0 0 4691000 COEUR D'ALENE MINES CORP 3.25% CONV 192108AR9 2563 3000000 PRN SOLE 0 0 3000000 CADENCE DESIGN SYS INC. CONV 127387AD0 6446 7171000 PRN SOLE 0 0 7171000 CADENCE DESIGN SYS INC CONV 127387AC2 3217 3581000 PRN SOLE 0 0 3581000 CELANESE PFD CV 150870202 7427 129495 SH SOLE 0 0 129495 CEPHALON A CONV 156708AK5 3029 2759000 PRN SOLE 0 0 2759000 CEPHALON B 0% 06/15/2033 CONV 156708AL3 12025 10000000 PRN SOLE 0 0 10000000 COUNTRYWIDE FINANCIAL FLT A's CONV 222372AN4 30514 32796000 PRN SOLE 0 0 32796000 COUNTRYWIDE FINL CORP 2.61875% CONV 222372AP9 3994 4492000 PRN SOLE 0 0 4492000 FLT B's Loews Corp - Carolina Group COM 540424207 460 7000 SH SOLE 0 0 7000 CHAMPION ENTERPR 2.75% 11/1/37 CONV 158496AC3 3545 4000000 PRN SOLE 0 0 4000000 CHURCH & DWIGHT CONV 171340AC6 5734 3104000 PRN SOLE 0 0 3104000 CHINA OVERSEAS 0% 2014 CONV 296963571 3040 2500000 PRN SOLE 0 0 2500000 CHINA INFRASTRUCTURE 0% 2012 CONV 295259864 9207 10090000 PRN SOLE 0 0 10090000 CHESAPEAKE 4.50% PFD CV 165167842 10944 85000 SH SOLE 0 0 85000 CHESAPEAKE 2.75% 2035 CONV 165167BW6 11741 8000000 PRN SOLE 0 0 8000000 CHESAPEAKE 5% 12/31/49 PFD CV 165167826 11031 75191 SH SOLE 0 0 75191 CIENA CORP 0.25% 5/1/13 CONV 171779AB7 3010 2990000 PRN SOLE 0 0 2990000 CIT GROUP 7.75% 11/15/15 PFD CV 125581405 1193 102100 SH SOLE 0 0 102100 PREFFERED COMVERSE TECHNOLOGY INC. COM 205862402 3490 200000 SH SOLE 0 0 200000 COMVERSE TECHNOLOGY INC CONV 205862AM7 34744 31752000 PRN SOLE 0 0 31752000 CENTERPOINT ENERGY PFD CV 15189T206 2351 81591 SH SOLE 0 0 81591 COVAD CONV 222814AR6 7756 7775000 PRN SOLE 0 0 7775000 COMPUWARE CORP COM 205638109 2451 325000 SH SOLE 0 0 325000 COM 159864107 5149 88700 SH SOLE 0 0 88700 CSX CORP CONV 126408GA5 217 97000 PRN SOLE 0 0 97000 CV THERAPEUTICS 3.25% OF 2013 CONV 126667AG9 5380 7277000 PRN SOLE 0 0 7277000 DEVON ENERGY 4.9% 2008 CONV 25179MAA1 4881 2722000 PRN SOLE 0 0 2722000 DEVELOPERS DIVERSIFIED 3% 2012 CONV 251591AS2 10854 12316000 PRN SOLE 0 0 12316000 DELL/MERRILL SYNTHETIC 14.85% PFD CV 59022Y386 11017 572023 SH SOLE 0 0 572023 DANAHER CORP CONV 235851AF9 2090 1810000 PRN SOLE 0 0 1810000 DISH NETWORK CORP COM 25470M109 1492 50000 SH SOLE 0 0 50000 DICKS SPORTING GOODS INCCMN COM 253393102 1593 55700 SH SOLE 0 0 55700 DICKS SPORTING GOODS FRN CONV 253393AB8 3086 3000000 PRN SOLE 0 0 3000000 AMDOCS LIMITEDORDINARY SHARES COM 2256908 4158 132500 SH SOLE 0 0 132500 AMDOCS CONV 02342TAD1 7491 7519000 PRN SOLE 0 0 7519000 DUKE REALTY LTD PARTNER 3.75% CONV 26441YAN7 1551 1710000 PRN SOLE 0 0 1710000 DIGITAL RIVER CONV 25388BAB0 35033 34532000 PRN SOLE 0 0 34532000 DRS TECHNOLOGIES CONV 23330XAK6 5287 4505000 PRN SOLE 0 0 4505000 ELECTRONIC DATA SYSTEMS CORP3. CONV 285661AF1 8885 9000000 PRN SOLE 0 0 9000000 EASTMAN KODAK COMPANY3.3750000 CONV 277461BE8 43309 44628000 PRN SOLE 0 0 44628000 EMC COM 268648102 273 17700 SH SOLE 0 0 17700 EMC CORP 12/1/2011 CONV 268648AK8 13943 11713000 PRN SOLE 0 0 11713000 EMC CORP 12/1/2011 CONV 268648AJ1 192 161000 PRN SOLE 0 0 161000 EMC CORP 1.75% 2013 CONV 268648AM4 2417 2023000 PRN SOLE 0 0 2023000 EQUINIX INCCMN COM 29444U502 1917 21200 SH SOLE 0 0 21200 EQIX 5.5% PFD CV 22541L889 3929 51516 SH SOLE 0 0 51516 EQUINIX INC. 2.5% 4/2012 CONV 29444UAF3 15264 14491000 PRN SOLE 0 0 14491000 ENTERGY CORP. 7.625% PFD CV 29364G202 25471 378922 SH SOLE 0 0 378922 iShares MSCI Hong Kong COM 464286871 592 30000 SH SOLE 0 0 30000 EXCEL MARITIME 1.875% 10/15/27 CONV 300668AA8 1638 2000000 PRN SOLE 0 0 2000000 ADVANCED MEDICAL OPTICS, INC.2 CONV 00763MAG3 4961 5408000 PRN SOLE 0 0 5408000 ADVANCED MED OPT 1.375% 2025 CONV 00763MAJ7 10972 13000000 PRN SOLE 0 0 13000000 REGIS FORD MOTOR CO. PFD CV 345395206 19984 542312 SH SOLE 0 0 542312 FORD MOTOR 4.25% 2036 CONV 345370CF5 5342 4840000 PRN SOLE 0 0 4840000 FOREST CITY ENTERPRISES-CL A CONV 345550AH0 27504 31772000 PRN SOLE 0 0 31772000 FAIRCHILD SEMI CONV 303727AJ0 7960 8000000 PRN SOLE 0 0 8000000 FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 3469 30500 SH SOLE 0 0 30500 FREEPORT-MCMORAN COPPER & GOLD PFD CV 35671D790 104048 42558 SH SOLE 0 0 42558 FREEPORT-MCMORAN PFD PFD CV 35671D782 53143 325878 SH SOLE 0 0 325878 FEI COMPANY 2.875% 06/01/2013 CONV 30241LAF6 4983 5000000 PRN SOLE 0 0 5000000 FINANCIAL FEDERAL CORP 144A2.0 CONV 317492AF3 2497 2500000 PRN SOLE 0 0 2500000 FLEETWOOD ENTERPRISES, INC5.00 CONV 339099AD5 1817 2000000 PRN SOLE 0 0 2000000 FLEXTRONICS INTERNATIONAL LTD1 CONV 33938EAL1 17429 18000000 PRN SOLE 0 0 18000000 FLUOR CORP CONV 343412AA0 858 313000 PRN SOLE 0 0 313000 FANNIE MAE 5.375% PFD CV 313586810 25267 346 SH SOLE 0 0 346 WILSON GREATBATCH 2.25% CONV 39153LAB2 6244 7500000 PRN SOLE 0 0 7500000 06/15/13 GENERAL MTRS CORP5.25% SRS B C PFD CV 370442733 31359 1778682 SH SOLE 0 0 1778682 GOODRICH PETROLEUM CORP 3.25% CONV 382410AB4 5419 6300000 PRN SOLE 0 0 6300000 2026 General Electric COM 369604103 1635 50000 SH SOLE 0 0 50000 GENTING/ RESORTS WORLD 1% 2008 CONV 181974212 2943 2050000 PRN SOLE 0 0 2050000 GENZYME COM 372917104 3517 50000 SH SOLE 0 0 50000 GENZYME CORPORATION1.25000000 CONV 372917AN4 39397 35533000 PRN SOLE 0 0 35533000 GILEAD SCIENCES INC COM 375558103 678 13100 SH SOLE 0 0 13100 GILEAD SCIENCES CONV 375558AG8 19982 14005000 PRN SOLE 0 0 14005000 GILEAD SCIENCES .625% 2013 CONV 375558AH6 2625 1794000 PRN SOLE 0 0 1794000 GAMESTOP CORP-CL A COM 36467W109 3550 64500 SH SOLE 0 0 64500 CITIGROUP FUNDING GENWORTH PFD CV 17308C858 3199 136000 SH SOLE 0 0 136000 09/27/08 GENERAL MOTORS CORPORATIONCONV PFD CV 370442717 11716 629238 SH SOLE 0 0 629238 GENERAL MOTORS 1.5% 2009 PFD CV 370442691 12562 531600 SH SOLE 0 0 531600 HALLIBURTON COMPANY 3.125% CONV 406216AM3 15513 6333000 PRN SOLE 0 0 6333000 07/15/2023 HCC INSURANCE HOLDINGS CONV 404132AB8 10034 8719000 PRN SOLE 0 0 8719000 HEALTH CARE REIT INC 4.75% CONV 42217KAP1 973 861000 PRN SOLE 0 0 861000 HEALTHSOUTH 6.5% PERP PFD CV 421924200 5920 7000 SH SOLE 0 0 7000 HMA LOAN TLB L+175 CONV KYN40305 2892 3125000 PRN SOLE 0 0 3125000 HEALTH MNGMT ASSOCIATES INC1.5 CONV 421933AF9 21741 21798000 PRN SOLE 0 0 21798000 HOLOGIC, INC COM 436440101 8418 288400 SH SOLE 0 0 288400 HOLOGIC INC 2% STEP-CPN CONV 436440AA9 14985 15183000 PRN SOLE 0 0 15183000 12/15/37 HONGKONG LAND 2.75% 2012 CONV 237975932 3177 2500000 PRN SOLE 0 0 2500000 HOSPITALITY PROP 3.8% 2027 CONV 44106MAK8 3683 4143000 PRN SOLE 0 0 4143000 HOSPITALITY PROP 3.8% 2027 CONV 44106MAJ1 617 694000 PRN SOLE 0 0 694000 HRPT PROPERTIES TRUST PFD CV 40426W507 12397 702396 SH SOLE 0 0 702396 HOST HOTELS & RESORTS 2.625% CONV 44107TAE6 18280 21052000 PRN SOLE 0 0 21052000 2027 INTEGRA LIFESCIENCES HLD 2.75% CONV 457985AG4 14141 14964000 PRN SOLE 0 0 14964000 2010 INTEGRA LIFESCIENCES HLD CONV 457985AH2 2281 2500000 PRN SOLE 0 0 2500000 2.375% 2012 INTL GAME TECH COM 459902102 6948 200000 SH SOLE 0 0 200000 INTL GAME TECH 2.6% 2036 CONV 459902AP7 31117 31709000 PRN SOLE 0 0 31709000 INTL GAME TECH 2.6% 2036 CONV 459902AN2 6649 6775000 PRN SOLE 0 0 6775000 INTEL CORP COM 458140100 4942 222000 SH SOLE 0 0 222000 INTEL CORP 2.95% 2035 CONV 458140AD2 24820 24741000 PRN SOLE 0 0 24741000 INTERPUBLIC GROUP COSCMN COM 460690100 2263 250000 SH SOLE 0 0 250000 ELF SPECIAL FIN LTD FLTR 2009 CONV 285915AD6 8986 90 PRN SOLE 0 0 90 LIBOR+35 INTERPUBLIC GRP 4.25% 2023 CONV 460690BA7 3055 3000000 PRN SOLE 0 0 3000000 ISIS PHARM COM 464330109 1060 90000 SH SOLE 0 0 90000 ISIS PHARM 2.625% FEB 2027 CONV 464337AE4 1382 1301000 PRN SOLE 0 0 1301000 ITRON INC 2.5% 2026 CONV 465741AJ5 23836 15036000 PRN SOLE 0 0 15036000 INVITROGEN 3.25% 2025 CONV 46185RAM2 19575 17000000 PRN SOLE 0 0 17000000 JETBLUE AIRWAYS 3.75% 3/15/35 CONV 477143AC5 18470 24514000 PRN SOLE 0 0 24514000 JNJ/ALZA CONV 02261WAB5 6972 7442000 PRN SOLE 0 0 7442000 JNJ/ALZA CONV 02261WAA7 210 224000 PRN SOLE 0 0 224000 NORDSTROM INC COM 655664100 423 12000 SH SOLE 0 0 12000 KAYDON CORP 4% 5/23/23 CONV 486587AB4 9392 5209000 PRN SOLE 0 0 5209000 KINROSS GOLD CORP 1.75% 2028 CONV 496902AB3 10238 10231000 PRN SOLE 0 0 10231000 KENDLE INTERNATIONAL 3.375% CONV 48880LAA5 7229 6395000 PRN SOLE 0 0 6395000 2012 KANSAS CITY SOUTHERN 5.125 PFD CV 485170807 4067 2500 SH SOLE 0 0 2500 PREP LAMAR ADVERTISING 2.875% 2010 CONV 512815AH4 20487 20000000 PRN SOLE 0 0 20000000 LAZARD PFD PFD CV G54050110 3240 100000 SH SOLE 0 0 100000 LEHMAN BROTHERS HOLDINGS PFD CV 52523J453 20421 17050 SH SOLE 0 0 17050 LIONS GATE 3.625% OF 2025 CONV 535919AG9 4935 5000000 PRN SOLE 0 0 5000000 LAB CORP CONV 50540RAG7 3033 2938000 PRN SOLE 0 0 2938000 Linear Tech Corp. B's 3.125% CONV 535678AD8 28461 28847000 PRN SOLE 0 0 28847000 2027 Linear Tech Corp. B's 3.125% CONV 535678AB2 5975 6056000 PRN SOLE 0 0 6056000 2027 LOCKHEED MARTIN CORP FRN 08/15 CONV 539830AP4 7118 4866000 PRN SOLE 0 0 4866000 LINCARE HOLDINGS 2.75% A's CONV 532791AE0 3434 4000000 PRN SOLE 0 0 4000000 LIFEPOINT HOSPITAL 3.25% CONV 53219LAG4 4357 5136000 PRN SOLE 0 0 5136000 08/15/25 LSI CORP CONV 502161AJ1 23797 24306000 PRN SOLE 0 0 24306000 LUCENT TECHNOLOGIES CAP TR ICO PFD CV 549462307 32484 42781 SH SOLE 0 0 42781 LUCENT TECH CONV 549463AG2 13032 14282000 PRN SOLE 0 0 14282000 LUCENT TECHNOLOGIES INC.2.7500 CONV 549463AH0 5003 6185000 PRN SOLE 0 0 6185000 LEVEL 3 COMM CONV 52729NAS9 1724 2000000 PRN SOLE 0 0 2000000 LEVEL 3 COMMUNICATIONS INCCONV CONV 52729NAG5 10853 11500000 PRN SOLE 0 0 11500000 MEDTRONIC INC 1.5% 2011 CONV 585055AL0 45837 44215000 PRN SOLE 0 0 44215000 MEDTRONIC INC 1.625% CONV 585055AM8 19722 19053000 PRN SOLE 0 0 19053000 MERRILL LYNCH CO INCCMN COM 590188108 2492 50000 SH SOLE 0 0 50000 MERRILL LYNCH 0% 2032 CONV 590188W46 99909 87992000 PRN SOLE 0 0 87992000 METLIFE INC 6.375% PFD CV 59156R702 26622 901207 SH SOLE 0 0 901207 MILLICOM INTL CELLULAR S.A. COM 2418128 2037 18856 SH SOLE 0 0 18856 MILLIPORE 3.75% 2026 CONV 601073AD1 28425 27128000 PRN SOLE 0 0 27128000 MCMORAN EXPLORATION 6.75% PFD PFD CV 582411500 2375 12910 SH SOLE 0 0 12910 Monsanto Company COM 61166W101 741 6500 SH SOLE 0 0 6500 Merck & Co. INC COM 589331107 2853 75000 SH SOLE 0 0 75000 MEDICIS PHARMACEUTICALS CONV 584690AB7 10708 10746000 PRN SOLE 0 0 10746000 MICROSOFT CORP COM 594918104 627 22000 SH SOLE 0 0 22000 MICRON TECHNOLOGY 1.875% 2014 CONV 595112AH6 4765 5985000 PRN SOLE 0 0 5985000 MYLAN INC 6.5% PFD PFD CV 628530206 54868 59016 SH SOLE 0 0 59016 MYLAN LABORATORIES INC 1.25% CONV 628530AG2 6826 7947000 PRN SOLE 0 0 7947000 2012 ALLEGRO NABTESCO/CITI SYNTH 8% CONV 01748AAB8 11001 12500000 PRN SOLE 0 0 12500000 7/16/08 NASH FINCH FRN 2035 CONV 631158AD4 6230 13928000 PRN SOLE 0 0 13928000 NABORS INDUSTRIES CONV 629568AP1 25921 24558000 PRN SOLE 0 0 24558000 Nabor Inds (exchanged) CONV 629568AL0 1023 930000 PRN SOLE 0 0 930000 NATIONAL CITY CORP. 4% 2/1/11 CONV 635405AW3 43537 51388000 PRN SOLE 0 0 51388000 NASDAQ STOCK MARKET INC COM 631103108 940 25800 SH SOLE 0 0 25800 NASDAQ STOCK MKT INC 2.5% 144a CONV 631103AB4 12917 13000000 PRN SOLE 0 0 13000000 NEWMONT MINING 1.25@ 2014 A's CONV 651639AH9 2847 2465000 PRN SOLE 0 0 2465000 NEWMONT MINING 1.25% 2014 A'S CONV 651639AF3 403 349000 PRN SOLE 0 0 349000 NEWMONT MINING 1.625% 2017 CONV 651639AJ5 3896 3385000 PRN SOLE 0 0 3385000 NEWS CORP .75% 2023 PFD CV 65248V304 4141 3976 SH SOLE 0 0 3976 NII HOLDINGS, INC.CMN CLASS B COM 62913F201 8919 195000 SH SOLE 0 0 195000 NII HOLDINGS 3.125% 2012 CONV 62913FAJ1 31590 37679000 PRN SOLE 0 0 37679000 NII HOLDINGS 3.125% 2012 CONV 62913FAG7 11666 13914000 PRN SOLE 0 0 13914000 NII HOLDINGS 2.75% 25 CONV 62913FAF9 13159 11438000 PRN SOLE 0 0 11438000 NOVELL INC 2% 2024 CONV 670006AC9 49832 52114000 PRN SOLE 0 0 52114000 NRG ENERGY PFD A 5.75% PFD CV 629377870 36650 97474 SH SOLE 0 0 97474 03/16/2009 NORTHWEST AIRLINES CORP. 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