0001140361-12-023540.txt : 20120508
0001140361-12-023540.hdr.sgml : 20120508
20120508125156
ACCESSION NUMBER: 0001140361-12-023540
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120508
DATE AS OF CHANGE: 20120508
EFFECTIVENESS DATE: 20120508
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: 12820550
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
NONE
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/2012
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: 1271 Ave of Americas
45th Floor
New York, NY 10020
Form 13F File Number: 028-05049
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 submission.
Persons Signing this Report on Behalf of Reporting Manager:
Name: Paul L Latronica
Title: Vice President
Phone: 212-482-1606
Signature, Place, and Date of Signing:
/s/ Paul L Latronica New York, NY 5/8/2012
--------------------------------- --------------------------------- ----------
[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:
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 289
Form 13F Information Table Value Total: $ 4,778,007
--------------
(In Thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------------- -------------- --------- -------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---------
ALCOA CONV 013817AT8 25922 15977000 PRN SOLE 0 0 15977000
AIRTRAN HOLDING CONV 00949PAD0 3063 2422000 PRN SOLE 0 0 2422000
APPLE COMPUTER INC COM 37833100 876 1500 SH SOLE 0 0 1500
SUBSEA 2.25% 2013 CONV 267243417 32730 26700000 PRN SOLE 0 0 26700000
ARCHER DANIELS CONV 039483AW2 31530 31089000 PRN SOLE 0 0 31089000
AMERICAN EQUITY 3.5% 2015 CONV 025676AJ6 14109 12139000 PRN SOLE 0 0 12139000
AMERICAN EQUITY CONV 025676AE7 436 434000 PRN SOLE 0 0 434000
AGCO CORP CONV 001084AM4 7617 6013000 PRN SOLE 0 0 6013000
ASPEN INSURANCE HLDS LTD 5.625% PFD CV G05384113 1473 26424 SH SOLE 0 0 26424
AAR CORP 1.625% CONV 000361AK1 6902 7292000 PRN SOLE 0 0 7292000
AAR CORP 2.25% CONV 000361AM7 1609 1785000 PRN SOLE 0 0 1785000
AIR LEASE CORP 3.875% 2018 144A CONV 00912XAA2 5522 5182000 PRN SOLE 0 0 5182000
ADVANCED MICRO DEVICES 6% 2015 CONV 007903AL1 19964 19324000 PRN SOLE 0 0 19324000
AFFILIATED MANAGERS CONV 008252AL2 58353 52779000 PRN SOLE 0 0 52779000
AMGEN INC B's CONV 031162AQ3 123234 119981000 PRN SOLE 0 0 119981000
AFRICAN MINERALS 8.5% 2017 CONV 742395287 8374 7400000 PRN SOLE 0 0 7400000
ANGLOGOLD HOLDINGS 144a CONV 03512QAA5 11032 10350000 PRN SOLE 0 0 10350000
ANGLOGOLD HOLDINGS REGS CONV 430548056 10872 10200000 PRN SOLE 0 0 10200000
ALPHA NATURAL RESOURCES CONV 02076XAA0 10647 11650000 PRN SOLE 0 0 11650000
MASSEY ENERGY CONV 576203AJ2 70303 77163000 PRN SOLE 0 0 77163000
APACHE CORP PFD CV 37411808 23751 447114 SH SOLE 0 0 447114
ARES CAPITAL CORP 5.125 2016 CONV 04010LAD5 29318 29028000 PRN SOLE 0 0 29028000
ARES CAPITAL CORP 5.75% CONV 04010LAA1 23899 23054000 PRN SOLE 0 0 23054000
ARES CAPITAL CORP CONV 04010LAF0 15274 15500000 PRN SOLE 0 0 15500000
ARCELOR MITTAL CONV 03938LAK0 55148 52345000 PRN SOLE 0 0 52345000
ALEXANDRIA REAL ESTATE PFD CV 15271505 25953 995494 SH SOLE 0 0 995494
ARRIS GROUP INC CONV 04269QAC4 12433 11843000 PRN SOLE 0 0 11843000
ALLEGHENY TECHNOLOGIES 4.25% CONV 01741RAD4 29127 22855000 PRN SOLE 0 0 22855000
Alliant Tech CONV 018804AK0 20858 20368000 PRN SOLE 0 0 20368000
ANIXTER INTERNATIONAL INC COM 35290105 686 10000 SH SOLE 0 0 10000
ANIXTER INTL CONV 035290AJ4 3594 2991000 PRN SOLE 0 0 2991000
BANK OF AMERICA CRP PFD CV 60505682 58796 60366 SH SOLE 0 0 60366
GENERAL CABLE CORP CONV 369300AD0 17867 18288000 PRN SOLE 0 0 18288000
GENERAL CABLE CORP 4.5% 11/15/2029 CONV 369300AL2 5354 5019000 PRN SOLE 0 0 5019000
SOTHEBY'S CONV 835898AC1 6384 5000000 PRN SOLE 0 0 5000000
BROOKDALE SENIOR LIVING CONV 112463AA2 8574 9047000 PRN SOLE 0 0 9047000
BIOMED REALTY CONV 09064AAB7 14065 11638000 PRN SOLE 0 0 11638000
BIOMARIN PHARM COM 09061G101 347 10000 SH SOLE 0 0 10000
PEABODY ENERGY CORP CONV 704549AG9 29076 30286000 PRN SOLE 0 0 30286000
BOSTON PROPERTIES CONV 10112RAM6 56130 51213000 PRN SOLE 0 0 51213000
BOSTON PROPERTIES CONV 10112RAG9 4553 3943000 PRN SOLE 0 0 3943000
CITIGROUP PFD 7.5% PFD CV 172967416 17795 182574 SH SOLE 0 0 182574
CACI International Inc. CONV 127190AD8 4658 3808000 PRN SOLE 0 0 3808000
AVIS BUDGET GROUP CONV 053774AB1 7968 6941000 PRN SOLE 0 0 6941000
CATEPILLAR INC COM 149123101 719 7000 SH SOLE 0 0 7000
CUBIST PHARM CONV 229678AC1 14013 9930000 PRN SOLE 0 0 9930000
CUBIST PHARMACEUTICALS 2.5% 11/1/2017 CONV 229678AD9 3419 2172000 PRN SOLE 0 0 2172000
CHEMED CORP CONV 16359RAC7 549 545000 PRN SOLE 0 0 545000
CHINA OVERSEAS CONV 296963571 6249 4800000 PRN SOLE 0 0 4800000
CHINA UNICOM 0.75% 2015 REG S CONV 546152645 20762 19200000 PRN SOLE 0 0 19200000
CHESAPEAKE ENERGY CONV 165167BW6 1737 1867000 PRN SOLE 0 0 1867000
CHESAPEAKE ENERGY 2.5% 5/15/37 CONV 165167BZ9 52569 60336000 PRN SOLE 0 0 60336000
CHESAPEAKE ENERGY 2.5% 2037 CONV 165167CA3 4555 5303000 PRN SOLE 0 0 5303000
CHESAPEAKE ENERGY 5.75% PREP PFD CV 165167784 2191 2530 SH SOLE 0 0 2530
CHARMING SHOPPES CONV 161133AE3 6494 6874000 PRN SOLE 0 0 6874000
CHINA UNICOM-ADR COM 16945R104 228 13125 SH SOLE 0 0 13125
CIENA CORP. CONV 171779AF8 39601 36303000 PRN SOLE 0 0 36303000
CENTERPOINT ENERGY PFD CV 15189T206 21846 587491 SH SOLE 0 0 587491
CONOCOPHILIPS COM 20825C104 1289 18000 SH SOLE 0 0 18000
CHARLES RIVER LAB 2.25% 2013 CONV 159864AB3 1457 1450000 PRN SOLE 0 0 1450000
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------------- -------------- --------- -------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---------
CSG SYSTEMS 144a CONV 126349AC3 4961 5144000 PRN SOLE 0 0 5144000
COVANTA HOLDINGS CONV 22282EAC6 11452 10100000 PRN SOLE 0 0 10100000
CEMEX SAB CONV 151290AV5 9930 11000000 PRN SOLE 0 0 11000000
DEVELOPERS DIVERSIFIED 1.75% CONV 251591AX1 22063 20370000 PRN SOLE 0 0 20370000
11/15/2040
DR HORTON CONV 23331ABB4 13840 10100000 PRN SOLE 0 0 10100000
DANAHER CORP CONV 235851AF9 5627 3569000 PRN SOLE 0 0 3569000
DIALOG 1% 2017 CONV 757015606 847 800000 PRN SOLE 0 0 800000
DISH NETWORK CORP COM 25470M109 160 5000 SH SOLE 0 0 5000
DFC GLOBAL CORP 3.25% 2017 144a CONV 23324TAA5 16966 16125000 PRN SOLE 0 0 16125000
DFC GLOBAL GROUP CONV 256664AC7 450 400000 PRN SOLE 0 0 400000
DENDREON CORP 2.875% CONV 24823QAC1 17893 22230000 PRN SOLE 0 0 22230000
DIAMOND OFFSHORE DRILLING, INC COM 25271C102 1371 20000 SH SOLE 0 0 20000
DARDEN RESTAURANTS COM 237194105 751 15000 SH SOLE 0 0 15000
DIGITAL RIVER 2% 11/1/30 CONV 25388BAD6 15433 16069000 PRN SOLE 0 0 16069000
DRYSHIPS INC 5% 12/1/14 CONV 262498AB4 7644 9350000 PRN SOLE 0 0 9350000
DST SYSTEMS C's CONV 233326AE7 16011 12722000 PRN SOLE 0 0 12722000
DUNE ENERGY IN COM 265338707 0 4 SH SOLE 0 0 4
EMC CORP CONV 268648AM4 56967 32038000 PRN SOLE 0 0 32038000
ENDO PHARMA HLDG CONV 29264FAB2 29450 22316000 PRN SOLE 0 0 22316000
EQUINIX INC CONV 29444UAG1 45194 28725000 PRN SOLE 0 0 28725000
ELECTRONIC ARTS INC CONV 285512AB5 59678 64577000 PRN SOLE 0 0 64577000
FORD MOTOR CONV 345370CN8 13315 8970000 PRN SOLE 0 0 8970000
FOREST CITY CONV 345550AK3 10603 8682000 PRN SOLE 0 0 8682000
FOREST CITY ENTERPRISES CONV 345550AN7 36005 34999000 PRN SOLE 0 0 34999000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 575 15000 SH SOLE 0 0 15000
FIFTH THIRD BANK PFD CV 316773209 14633 103186 SH SOLE 0 0 103186
FIDELITY NATIONAL FINANCE 144A CONV 31620RAD7 34381 31322000 PRN SOLE 0 0 31322000
WILSON GREATBATCH CONV 39153LAB2 9008 9029000 PRN SOLE 0 0 9029000
GREENBRIER COS INC 3.5% CONV 393657AG6 16796 18582000 PRN SOLE 0 0 18582000
GOODRICH PETROLEUM CONV 382410AC2 19360 19836000 PRN SOLE 0 0 19836000
GAYLORD ENTERTAINMENT CONV 367905AE6 4853 3721000 PRN SOLE 0 0 3721000
GOLDCORP INC COM 380956409 3826 100000 SH SOLE 0 0 100000
GOLDCORP INC. CONV 380956AB8 60331 52576000 PRN SOLE 0 0 52576000
GILEAD SCIENCES CONV 375558AH6 955 685000 PRN SOLE 0 0 685000
GILEAD SCIENCES CONV 375558AN3 105142 82911000 PRN SOLE 0 0 82911000
GILEAD SCIENCES CONV 375558AP8 46561 35140000 PRN SOLE 0 0 35140000
GENERAL MOTORS CO COM 37045V100 14398 626008 SH SOLE 0 0 626008
GENERAL MOTORS CO CV PREF PFD CV 37045V209 15255 390760 SH SOLE 0 0 390760
GROUP 1 AUTO INC CONV 398905AE9 24513 21870000 PRN SOLE 0 0 21870000
HEALTH CARE REIT INC 6.5% PFD CV 42217K601 1071 20000 SH SOLE 0 0 20000
HEALTH CARE REIT CONV 42217KAQ9 3414 2991000 PRN SOLE 0 0 2991000
HEALTH CARE REIT INC. CONV 42217KAR7 70100 60552000 PRN SOLE 0 0 60552000
HEALTHSOUTH 6.5% PFD PFD CV 421924408 29862 28918 SH SOLE 0 0 28918
HELIX ENERGY SOLUTIONS CONV 42330PAG2 1726 1500000 PRN SOLE 0 0 1500000
HOLOGIC INC CONV 436440AA9 295 297000 PRN SOLE 0 0 297000
HOLOGIC INC CONV 436440AB7 13786 12735000 PRN SOLE 0 0 12735000
HOLOGIC INC CONV 436440AC5 62805 66817000 PRN SOLE 0 0 66817000
HONHAI 0% 2013 CONV 547488840 7596 7600000 PRN SOLE 0 0 7600000
HORNBECK OFFSHORE CONV 440543AE6 9390 8667000 PRN SOLE 0 0 8667000
HOST HOTELS & RESORTS LP CONV 44107TAG1 10126 7495000 PRN SOLE 0 0 7495000
INTEGRA LIFESCIENCES HLD CONV 457985AJ8 1879 2000000 PRN SOLE 0 0 2000000
ICONIX BRAND GROUP INC CONV 451055AC1 36125 38447000 PRN SOLE 0 0 38447000
INTERDIGITAL INC 2.5% CONV 458660AB3 10417 10689000 PRN SOLE 0 0 10689000
INTL GAME TECH CONV 459902AQ5 71390 64686000 PRN SOLE 0 0 64686000
ILLUMINA INC COM 452327109 980 22000 SH SOLE 0 0 22000
ILLUMINA INC 0 1/4 2016 CONV 452327AC3 71345 77433000 PRN SOLE 0 0 77433000
INMARSAT PLC CONV 331843523 4022 3300000 PRN SOLE 0 0 3300000
INTEL CORP CONV 458140AD2 39262 34394000 PRN SOLE 0 0 34394000
INTEL CORP CONV 458140AF7 38061 27167000 PRN SOLE 0 0 27167000
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------------- -------------- --------- -------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---------
INTERPUBLIC GROUP 5.25% PFD CV 460690803 6619 6157 SH SOLE 0 0 6157
INTERPUBLIC GROUP CONV 460690BE9 37493 33198000 PRN SOLE 0 0 33198000
INGERSOLL RAND CO. COM 43946358 765 18000 SH SOLE 0 0 18000
ISIS PHARMACEUTICAL CONV 464337AE4 29118 30122000 PRN SOLE 0 0 30122000
Illinois Tool Works COM 452308109 574 10000 SH SOLE 0 0 10000
JAGUAR MINING CONV 47009MAG8 2967 4260000 PRN SOLE 0 0 4260000
JAIPRAKASH ASSOCIATES CONV 312165599 1225 870000 PRN SOLE 0 0 870000
JEFFERIES GROUP CONV 472319AG7 15261 16320000 PRN SOLE 0 0 16320000
JOHNSON & JOHNSON COM 478160104 651 10000 SH SOLE 0 0 10000
JANUS CAPITAL GROUP CONV 47102XAG0 24924 24038000 PRN SOLE 0 0 24038000
JPMORGAN CHASE & CO COM 46625H100 765 17800 SH SOLE 0 0 17800
KAMAN CORP 3.25% 11/15/2017 CONV 483548AD5 3091 2542000 PRN SOLE 0 0 2542000
KEY CORP PFD CV 493267405 39149 351838 SH SOLE 0 0 351838
KKR FINANCIAL CONV 48248AAD0 13030 9249000 PRN SOLE 0 0 9249000
KINROSS GOLD CONV 496902AD9 8223 8294000 PRN SOLE 0 0 8294000
KIMBERLY CLARK CORP COM 494368103 1256 16000 SH SOLE 0 0 16000
KILROY REALTY LP CONV 49427RAC6 4633 3377000 PRN SOLE 0 0 3377000
LIBERTY MEDIA/AOL CONV 530718AF2 12366 10289000 PRN SOLE 0 0 10289000
LARSEN & TOUBRO CONV 457843398 4690 4700000 PRN SOLE 0 0 4700000
LENNAR CORP CONV 526057BC7 13562 11487000 PRN SOLE 0 0 11487000
LENNAR CORP 2.75% 12/15/2020 CONV 526057BE3 11050 7772000 PRN SOLE 0 0 7772000
LAB CORP CONV 50540RAG7 3801 3229000 PRN SOLE 0 0 3229000
LIFE TECHNOLOGIES COM 53217V109 1178 25400 SH SOLE 0 0 25400
L-3 COMMUNICATIONS CONV 502413AW7 38031 38824000 PRN SOLE 0 0 38824000
LINEAR TECH A's CONV 535678AC0 46612 44302000 PRN SOLE 0 0 44302000
LINCARE HOLDINGS 2.75% B'S 11/1/37 CONV 532791AF7 27155 25293000 PRN SOLE 0 0 25293000
LIFEPOINT HOSPITAL CONV 53219LAH2 36017 34519000 PRN SOLE 0 0 34519000
LAM RESEARCH CORP COM 512807108 1200 28800 SH SOLE 0 0 28800
LAM RESEARCH CORP "A" CONV 512807AH1 39985 40171000 PRN SOLE 0 0 40171000
LAM RESEARCH CORP "B" CONV 512807AK4 11005 10928000 PRN SOLE 0 0 10928000
LIMITED BRANDS INC COM 532716107 994 20000 SH SOLE 0 0 20000
LUCENT TECHNOLOGIES PFD CV 549462307 8696 11078 SH SOLE 0 0 11078
LUCENT TECHNOLOGIES INC.2.7500 CONV 549463AH0 47313 47802000 PRN SOLE 0 0 47802000
LUKOIL 2.625% 2015 CONV 563898062 59079 55000000 PRN SOLE 0 0 55000000
Microchip Technology Inc. COM 595017104 707 20000 SH SOLE 0 0 20000
MEDTRONIC INC CONV 585055AM8 38660 38365000 PRN SOLE 0 0 38365000
MEDIVATION INC COM 58501N101 607 7500 SH SOLE 0 0 7500
MEDIVATION INC 2.625% 2017 CONV 58501NAA9 2288 2053000 PRN SOLE 0 0 2053000
MENTOR GRAPHICS 4% 2031 CONV 587200AK2 16515 15423000 PRN SOLE 0 0 15423000
METLIFE INC 5% PFD CV 59156R116 44686 646005 SH SOLE 0 0 646005
MGM MIRAGE CONV 55303QAE0 78164 73568000 PRN SOLE 0 0 73568000
MANKIND CORP COM 56400P201 1028 459757 SH SOLE 0 0 459757
MTR GAMING GROUP INC COM 553769100 167 32835 SH SOLE 0 0 32835
MOLINA HEALTHCARE INC. CONV 60855RAA8 16043 14210000 PRN SOLE 0 0 14210000
LIBERTY MEDIA CONV 530715AN1 20142 33500000 PRN SOLE 0 0 33500000
MICROSOFT CORP CONV 594918AE4 44897 41137000 PRN SOLE 0 0 41137000
ARVINMERITOR CONV 043353AF8 11131 12400000 PRN SOLE 0 0 12400000
MERITOR INC CONV 043353AH4 15739 19776000 PRN SOLE 0 0 19776000
MICRON TECHNOLOGY INC CONV 595112AK9 653 719000 PRN SOLE 0 0 719000
MICRON TECHNOLOGY INC. CONV 595112AL7 24119 26276000 PRN SOLE 0 0 26276000
MICRON TECH 2032 144a 2.375% 144a CONV 595112AN3 8613 9000000 PRN SOLE 0 0 9000000
MYLAN INC. CONV 628530AJ6 6309 3606000 PRN SOLE 0 0 3606000
NAVISTAR INTERNATIONAL CONV 63934EAL2 49486 47675000 PRN SOLE 0 0 47675000
NextEra Energy Inc. PFD CV 65339F507 3367 63000 SH SOLE 0 0 63000
NEWMONT MINING CORP COM 651639106 953 20000 SH SOLE 0 0 20000
NEWMONT MINING A's CONV 651639AH9 26236 21423000 PRN SOLE 0 0 21423000
ANNALY CAPITAL MANAGEMENT COM 35710409 775 47500 SH SOLE 0 0 47500
ANNALY CAPITAL CONV 035710AA0 19939 16747000 PRN SOLE 0 0 16747000
NATL RETAIL PROPERTY CONV 637417AA4 1071 925000 PRN SOLE 0 0 925000
NATIONAL RETAIL PROPERTY CONV 637417AC0 17371 15358000 PRN SOLE 0 0 15358000
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------------- -------------- --------- -------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---------
NOBLE GROUP LTD 0% 2014 CONV 301628383 12528 8920000 PRN SOLE 0 0 8920000
NEWPARK RESOURCE 4% 2017 CONV 651718AC2 12471 12557000 PRN SOLE 0 0 12557000
NETAPP INC CONV 64110DAB0 44176 34103000 PRN SOLE 0 0 34103000
NUANCE COMMUNICATIONS 144a 2031 CONV 67020YAC4 9578 8548000 PRN SOLE 0 0 8548000
NUVASIVE INCE 2.75% CONV 670704AC9 6889 7981000 PRN SOLE 0 0 7981000
NEWELL FIN PFD 5.25% 12/01/27 PFD CV 651195307 25950 552375 SH SOLE 0 0 552375
OMNICARE CONV 681904AL2 21241 22155000 PRN SOLE 0 0 22155000
OMNICARE INC 3.75% '42 CONV 681904AP3 13915 14000000 PRN SOLE 0 0 14000000
OWENS-ILLINOIS INC CONV 69073TAQ6 60516 62051000 PRN SOLE 0 0 62051000
OMNICOM GROUP CONV 682134AA9 19431 17671000 PRN SOLE 0 0 17671000
ON SEMICONDUCTOR CONV 682189AG0 27535 25466000 PRN SOLE 0 0 25466000
ON SEMICONDUCTOR 2.625 2026 CONV 682189AH8 14846 13133000 PRN SOLE 0 0 13133000
ONYX PHARMACEUTICALS COM 683399109 341 7500 SH SOLE 0 0 7500
ONYX PHARMACEUTICALS CONV 683399AB5 11346 8143000 PRN SOLE 0 0 8143000
ORBITAL SCIENCES CONV 685564AN6 11189 11288000 PRN SOLE 0 0 11288000
OLD REPUBLIC INTL CONV 680223AF1 15544 15510000 PRN SOLE 0 0 15510000
OLD REPUUBLIC INTL CORP 3.75% CONV 680223AH7 6020 6201000 PRN SOLE 0 0 6201000
Occidental Petroleum Corp COM 674599105 912 10000 SH SOLE 0 0 10000
PALADIN ENERGY 5% 03/11/13 CONV 349087451 8975 9000000 PRN SOLE 0 0 9000000
KHAZANAH INTO PARKSON 0% 19 CONV 759986432 7783 8000000 PRN SOLE 0 0 8000000
PACCAR INC COM 693718108 859 20000 SH SOLE 0 0 20000
PRICELINE.COM CONV 741503AM8 4645 1842000 PRN SOLE 0 0 1842000
PRICELINE.COM 2018 1% CONV 741503AP1 52672 47665000 PRN SOLE 0 0 47665000
PATRIOT COAL CORP. 3.25% 5/31/13 CONV 70336TAA2 9293 9695000 PRN SOLE 0 0 9695000
PDL BIO PHARMA 2% CONV 69329YAC8 4222 4058000 PRN SOLE 0 0 4058000
PHOTRONICS INC 3.25% CONV 719405AG7 9272 9352000 PRN SOLE 0 0 9352000
PROLOGIS CONV 74340XAT8 2182 1916000 PRN SOLE 0 0 1916000
INSULET CORP 2016 3.75 CONV 45784PAC5 610 600000 PRN SOLE 0 0 600000
PPL CORPORATION 9.5% PFD PFD CV 69351T601 554 10379 SH SOLE 0 0 10379
PPL CORPORATION 8.75% PFD CV 69351T114 8796 170938 SH SOLE 0 0 170938
PREMIER OIL FINANCE CONV 304206161 6104 5300000 PRN SOLE 0 0 5300000
PROSPECT CAPITAL GROUP CONV 74348TAD4 445 450000 PRN SOLE 0 0 450000
PROSPECT CAPITAL CORP 5.375% CONV 74348TAF9 3477 3500000 PRN SOLE 0 0 3500000
PHILLIPS 66 COM 718546104 303 9000 SH SOLE 0 0 9000
PIONEER NATURAL RESOURCES CO. CONV 723787AH0 1211 600000 PRN SOLE 0 0 600000
QBE FUNDING TRUST CONV 506038909 9595 15200000 PRN SOLE 0 0 15200000
Qiagen NV 1.5% 8/18/24 CONV 198529116 4235 3210000 PRN SOLE 0 0 3210000
QIAGEN CONV 254367179 13098 11600000 PRN SOLE 0 0 11600000
ULTRASHORT QQQ PROSHARES COM 74347X237 921 30000 SH SOLE 0 0 30000
RITE AID COM 767754104 137 94500 SH SOLE 0 0 94500
REGIS CORP 5% 7/15/14 CONV 758932AA5 5205 3930000 PRN SOLE 0 0 3930000
ROVI CORP CONV 779376AB8 29252 28659000 PRN SOLE 0 0 28659000
RADIOSHACK CORP CONV 750438AC7 36793 38781000 PRN SOLE 0 0 38781000
RAYONIER INC CONV 75508AAB2 2757 2206000 PRN SOLE 0 0 2206000
RAYONIER INC CONV 75508AAC0 8445 5936000 PRN SOLE 0 0 5936000
SONIC AUTOMOTIVE INC CONV 83545GAQ5 9168 6240000 PRN SOLE 0 0 6240000
SBA COMMUNICATION CONV 78388JAN6 28937 21997000 PRN SOLE 0 0 21997000
SBRA HEALTH CARE REIT INC COM 78573L106 837 50000 SH SOLE 0 0 50000
SHENGDATECH INC 6.5% CONV 823213AD5 75 3550000 PRN SOLE 0 0 3550000
SMITHFIELD FOODS CONV 832248AR9 13060 11842000 PRN SOLE 0 0 11842000
SEATTLE GENETICS INC COM 812578102 297 15000 SH SOLE 0 0 15000
STONE ENERGY 1.75% 2017 CONV 861642AL0 29775 30875000 PRN SOLE 0 0 30875000
Shire plc 2.75% 14 CONV 299687482 21991 18630000 PRN SOLE 0 0 18630000
SIEMENS FINANCIERINGSMAT CONV 00A1G0WA1 16186 16500000 PRN SOLE 0 0 16500000
SIEMENS 1.65% 2019 CONV 00A1G0WC7 3191 3250000 PRN SOLE 0 0 3250000
SIRIUS XM RADIO CONV 98375YAU0 15706 10816000 PRN SOLE 0 0 10816000
SAKS HOLDINGS CONV 79377WAL2 27546 25859000 PRN SOLE 0 0 25859000
SL GREEN OPERTATING PARTNERS CONV 78444FAC0 40130 34463000 PRN SOLE 0 0 34463000
SALIX PHARMACEUTICAL CONV 795435AC0 7237 5605000 PRN SOLE 0 0 5605000
SALIX PHARMACEUTICALS 1.5% CONV 795435AD8 23778 23380000 PRN SOLE 0 0 23380000
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------------- -------------- --------- -------- ------------------ ---------- -------- ---------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---------
SANDISK CORP COM 80004C101 2061 55700 SH SOLE 0 0 55700
SANDISK CORP 1.5% CONV 80004CAD3 57893 55812000 PRN SOLE 0 0 55812000
SYNOVUS FINANCIAL CORP PFD PFD CV 87161C204 2276 115400 SH SOLE 0 0 115400
SANOFI-AVENTIS ADR COM 80105N105 1909 50000 SH SOLE 0 0 50000
STEWART ENTERPRISES CONV 860370AH8 6110 6205000 PRN SOLE 0 0 6205000
STEEL DYNAMICS CONV 858119AP5 28340 26111000 PRN SOLE 0 0 26111000
STILLWATER MINING COMPANY CONV 86074QAF9 753 763000 PRN SOLE 0 0 763000
STANLEY BLACK & DECKER 4.75% PFD CV 854502309 34351 287453 SH SOLE 0 0 287453
SYMANTEC CORP COM 871503108 5652 341800 SH SOLE 0 0 341800
SYMANTEC CONV 871503AF5 47217 44307000 PRN SOLE 0 0 44307000
AT&T CORP.CMN COM 00206R102 1251 38000 SH SOLE 0 0 38000
MOLSON COORS CONV 60871RAA8 26100 25314000 PRN SOLE 0 0 25314000
TATA STEEL LTD 4.5% 11/21/2014 CONV 466930780 648 656000 PRN SOLE 0 0 656000
TEVA PHARMACEUTICAL C's CONV 88163VAE9 1931 1769000 PRN SOLE 0 0 1769000
TELEFLEX INC 3.875% CONV 879369AA4 13349 11293000 PRN SOLE 0 0 11293000
THERAVANCE INC. COM 88338T104 325 15000 SH SOLE 0 0 15000
TIBCO SOFTWARE INC CONV 88632QAA1 28876 28350000 PRN SOLE 0 0 28350000
TIFFANY & CO COM 886547108 719 10500 SH SOLE 0 0 10500
TITAN MACHINERY 2019 3.75% 144a CONV 88830RAA9 7033 6500000 PRN SOLE 0 0 6500000
DEALERTRACK HOLDINGS 1.5% 2017 CONV 242309AA0 4438 4200000 PRN SOLE 0 0 4200000
TRINITY INDUSTRIES INC CONV 896522AF6 45076 42611000 PRN SOLE 0 0 42611000
TRW AUTOMOTIVE 3.5% 12/01/15 CONV 87264MAH2 2246 1300000 PRN SOLE 0 0 1300000
TTM TECHNOLOGIES 3.25% 5/15/15 CONV 87305RAC3 29303 28076000 PRN SOLE 0 0 28076000
TAKE-TWO INTERACTIVE CONV 874054AA7 7901 5456000 PRN SOLE 0 0 5456000
TAKE TWO INTERACTIVE 1.75% 2016 CONV 874054AB5 19421 19209000 PRN SOLE 0 0 19209000
TOWER GROUP INC CONV 891777AC8 10385 9771000 PRN SOLE 0 0 9771000
TEXTRON INC CONV 883203BN0 2734 1330000 PRN SOLE 0 0 1330000
CONTINENTAL AIRLINES CONV 210795PU8 9105 6610000 PRN SOLE 0 0 6610000
UBISYS CORP 6.25% PFD CV 909214405 1189 20000 SH SOLE 0 0 20000
UMC 0% 2016 CONV 628626375 11086 11100000 PRN SOLE 0 0 11100000
UNION PACIFIC CORPORATION COM 907818108 1124 10000 SH SOLE 0 0 10000
UNITED THERAPEUTICS CONV 91307CAE2 12078 10872000 PRN SOLE 0 0 10872000
VEDANTA RESOURCES JERSEY CONV 434722087 1039 1100000 PRN SOLE 0 0 1100000
VEDANTA RESOURCES JERSEY 4% CONV 493253396 5098 5300000 PRN SOLE 0 0 5300000
VIGRIN MEDIA CONV 92769LAB7 15414 10193000 PRN SOLE 0 0 10193000
VERTEX PHARMACEUTICALS 3.35% CONV 92532FAN0 4107 3645000 PRN SOLE 0 0 3645000
VISHAY INTERTECHNOLOGY 2.25% CONV 928298AG3 7506 7679000 PRN SOLE 0 0 7679000
11/15/2040
VISHAY INTERTECH 144a 2.25% CONV 928298AJ7 1203 1461000 PRN SOLE 0 0 1461000
VERIZON COMMUNICATIONS INC COM 92343V104 1086 26900 SH SOLE 0 0 26900
WEBMD HEALTH 2.5% CONV 94770VAF9 66422 77086000 PRN SOLE 0 0 77086000
WELLS FARGO CORP PFD CV 949746804 67018 59626 SH SOLE 0 0 59626
WILMAR 0% 2012 CONV 334272712 7358 6200000 PRN SOLE 0 0 6200000
WALTER INDS INC (NEW)CMN COM 93317Q105 663 10000 SH SOLE 0 0 10000
WABASH NATIONAL CORP 3.375 '18 CONV 929566AH0 4274 4150000 PRN SOLE 0 0 4150000
WYNN RESORTS LTD COM 983134107 10252 76848 SH SOLE 0 0 76848
US STEEL CORP. CONV 912909AE8 12995 11252000 PRN SOLE 0 0 11252000
XILINX CONV 983919AF8 2962 2205000 PRN SOLE 0 0 2205000
IXIA 3% 144A CONV 45071RAB5 16554 15769000 PRN SOLE 0 0 15769000
YRC WORLDWIDE INC COM 984249102 9 1214 SH SOLE 0 0 1214
YRCW PFD COM 984249201 136 16512 SH SOLE 0 0 16512