Managing Member

0001218558-14-000001.txt : 20140211 0001218558-14-000001.hdr.sgml : 20140211 20140211165826 ACCESSION NUMBER: 0001218558-14-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140211 DATE AS OF CHANGE: 20140211 EFFECTIVENESS DATE: 20140211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRACE BROTHERS MANAGEMENT LLC CENTRAL INDEX KEY: 0001218558 IRS NUMBER: 364407165 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10359 FILM NUMBER: 14595025 BUSINESS ADDRESS: STREET 1: GRACE BROTHERS MANAGEMENT LLC STREET 2: 1560 SHERMAN AVENUE STE 900 CITY: EVANSTON STATE: IL ZIP: 60201 BUSINESS PHONE: 8477331230 MAIL ADDRESS: STREET 1: 1560 SHERMAN AVE. STREET 2: SUITE 900 CITY: EVANSTON STATE: IL ZIP: 60201 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001218558 XXXXXXXX 12-31-2013 12-31-2013 GRACE BROTHERS MANAGEMENT LLC

1560 SHERMAN AVE. SUITE 900 EVANSTON IL 60201

13F HOLDINGS REPORT 028-10359 N Michael Brailov Managing Member 847-733-0225 Michael Brailov Evanston IL 02-11-2014 0 49 119679 false INFORMATION TABLE 2 Grace_Brothers_data20131231.xml ARCELORMITTAL MAND CV NT 16 L0302D178 1040 40000 SH SOLE 40000 0 0 AEGEAN MARINE NOTE 4.0% 11/0 Y0020QAA9 1588 1500000 PRN SOLE 1500000 0 0 AK STL CORP NOTE 5.0% 11/1 001546AP5 1635 1000000 PRN SOLE 1000000 0 0 ALPHA NATURAL RE NOTE 4.875% 12/1 02076XAF9 1078 1000000 PRN SOLE 1000000 0 0 ALTRA INDL MOTIO NOTE 2.75% 3/0 02208RAE6 2073 1500000 PRN SOLE 1500000 0 0 AMERICAN RLTY NOTE 3.0% 8/0 02917TAA2 2006 2000000 PRN SOLE 2000000 0 0 ASCENT CAP GR NOTE 4.0% 7/1 043632AA6 1345 1250000 PRN SOLE 1250000 0 0 BLACKSTONE MTG TR NOTE 5.25% 12/0 09257WAA8 1053 1000000 PRN SOLE 1000000 0 0 BOTTOMLINE TEC NOTE 1.5% 12/0 101388AA4 1937 1430000 PRN SOLE 1430000 0 0 CADENCE DESIGN NOTE 2.625% 6/1 127387AJ7 3764 2000000 PRN SOLE 2000000 0 0 CEMEX SAB DE C NOTE 3.25% 3/16 151290BB8 1979 1500000 PRN SOLE 1500000 0 0 CEMEX SAB DE C NOTE 3.75% 3/18 151290BC6 1363 1000000 PRN SOLE 1000000 0 0 CHART INDS INC NOTE 2.0% 8/0 16115QAC4 5025 3250000 PRN SOLE 3250000 0 0 CHESAPEAKE ENERGY PFD CONV 165167784 1508 1300 SH SOLE 1300 0 0 CISCO SYS INC COM 17275R102 157 7000 SH SOLE 7000 0 0 CROWN CASTLE INTL CNV PFD STK SR A 228227500 2560 25500 SH SOLE 25500 0 0 DEALERTRACK TECH NOTE 1.5% 3/1 242309AB8 2089 1500000 PRN SOLE 1500000 0 0 ENDO PHARMACEU NOTE 1.75% 4/1 29264FAB2 4633 2000000 PRN SOLE 2000000 0 0 ENERGY XXI BER CONV PRF 29274U309 1030 3500 SH SOLE 3500 0 0 ENERSYS NOTE 3.375% 6/0 29275YAA0 3094 1750000 PRN SOLE 1750000 0 0 ENPRO INDS INC DBCV 3.938% 10/ 29355XAB3 3601 2040000 PRN SOLE 2040000 0 0 GT ADVANCED TE NOTE 3.0% 12/15 36191UAB2 1121 1100000 PRN SOLE 1100000 0 0 GILEAD SCIENCE NOTE 1.625% 5/1 375558AP8 12540 3800000 PRN SOLE 3800000 0 0 GREEN PLAINS REN NOTE 5.75% 11/0 393222AB0 2181 1500000 PRN SOLE 1500000 0 0 GROUP 1 AUTOMO NOTE 3.0% 3/15/ 398905AG4 2003 1000000 PRN SOLE 1000000 0 0 GROUP 1 AUTOMO NOTE 2.25% 6/15 398905AE9 1265 1000000 PRN SOLE 1000000 0 0 HEALTHCARE REI CONV PRF 42217K601 2179 42500 SH SOLE 42500 0 0 JARDEN CORP NOTE 1.875% 9/1 471109AH1 2129 1500000 PRN SOLE 1500000 0 0 M/I HOMES INC NOTE 3.25% 9/1 55292PAA3 1528 1175000 PRN SOLE 1175000 0 0 MICRON TECHNOL NOTE 3.0% 11/15 595112AY9 1139 1150000 PRN SOLE 1150000 0 0 MICRON TECHNOL NOTE 2.375% 5/1 595112AW3 6392 2750000 PRN SOLE 2750000 0 0 MYLAN INC NOTE 3.75% 9/1 628530AJ6 3280 1000000 PRN SOLE 1000000 0 0 OMNICARE INC NOTE 3.5% 2/1 681904AQ1 1015 1000000 PRN SOLE 1000000 0 0 PPL CORP UNIT 69351T114 1613 30500 SH SOLE 30500 0 0 POWERSHARES QQ UNIT SER 1 73935A104 1231 14000 SH SOLE 14000 0 0 RAIT FINANCIAL TR NOTE 4.0% 10/0 749227AB0 996 1000000 PRN SOLE 1000000 0 0 RTI INTL METAL NOTE 3.0% 12/0 74973WAB3 3435 3250000 PRN SOLE 3250000 0 0 RADIAN GROUP I NOTE 3.0% 11/1 750236AN1 4109 2800000 PRN SOLE 2800000 0 0 RESOURCE CAP CORP NOTE 6.0% 12/0 76120WAA2 1008 1000000 PRN SOLE 1000000 0 0 RYLAND GROUP I NOTE 1.625% 5/1 783764AQ6 4583 3000000 PRN SOLE 3000000 0 0 SALIX PHARMACEU NOTE 1.5% 3/1 795435AE6 2993 2000000 PRN SOLE 2000000 0 0 SANDISK CORP NOTE 1.5% 8/1 80004CAD3 3692 2500000 PRN SOLE 2500000 0 0 SOLARCITY CORP NOTE 2.75% 11/0 83416TAA8 1783 1500000 PRN SOLE 1500000 0 0 STANLEY BLACK & DEC UNIT 854502804 1544 15000 SH SOLE 150000 0 0 STARWOOD PPTY NOTE 4.0% 1/15/ 85571BAB1 1111 1000000 PRN SOLE 1000000 0 0 TTM TECHNOLOGIES NOTE 1.75% 12/15 87305RAD1 2168 2000000 PRN SOLE 2000000 0 0 TESLA MTRS INC NOTE 1.5% 6/0 88160RAA9 3120 2250000 PRN SOLE 2250000 0 0 UNITED THERAPE NOTE 1.0% 9/15/ 91307CAF9 3562 1500000 PRN SOLE 1500000 0 0 WEB COM INC NOTE 1.0% 8/15 94733AAA2 1401 1240000 PRN SOLE 1240000 0 0