-----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, PykEw0Ba4ZsZYd0YSuCAUSfJbpi0VkQyhvQ9WaASwaatYVgwyJyWvzK9Ti+KCEGb 5LPFDtloi6MLTSfvlTawrg== 0001085146-08-000549.txt : 20080422 0001085146-08-000549.hdr.sgml : 20080422 20080422164910 ACCESSION NUMBER: 0001085146-08-000549 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080422 DATE AS OF CHANGE: 20080422 EFFECTIVENESS DATE: 20080422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACKAY SHIELDS LLC CENTRAL INDEX KEY: 0000061227 IRS NUMBER: 134080466 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00046 FILM NUMBER: 08769671 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-758-5400 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: MACKAY SHIELDS FINANCIAL CORP DATE OF NAME CHANGE: 19920929 13F-HR 1 mack1q08.txt MACKAY SHIELDS 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: 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: MacKay Shields LLC Address: 9 West 57th Street, 34th Floor New York, NY 10019 13F File Number: 28-00046 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: Rene A. Bustamante Title: Chief Compliance Officer Phone: (212) 230-3811 Signature, Place, and Date of Signing: /s/ Rene A. Bustamante New York, NY April 21, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 554 Form13F Information Table Value Total: $8,404,864 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. 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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- A H BELO CORP COM CL A 001282102 2309 202040 SH SOLE 202040 0 0 AAR CORP COM 000361105 6970 255600 SH SOLE 255600 0 0 ABERCROMBIE & FITCH CO CL A 002896207 43388 593225 SH SOLE 593225 0 0 ACTUANT CORP CL A NEW 00508X203 11314 374500 SH SOLE 374500 0 0 AEROPOSTALE COM 007865108 3667 135250 SH SOLE 135250 0 0 AETNA INC NEW COM 00817Y108 1982 47100 SH SOLE 47100 0 0 AFFILIATED COMPUTER SERVICES CL A 008190100 30428 607227 SH SOLE 607227 0 0 AFFILIATED MANAGERS GROUP COM 008252108 36912 360855 SH SOLE 360855 0 0 AFLAC INC COM 001055102 72877 1122052 SH SOLE 1122052 0 0 AIR PRODS & CHEMS INC COM 009158106 225 2450 SH SOLE 2450 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 35898 1274800 SH SOLE 1274800 0 0 ALCOA INC COM 013817101 8803 244116 SH SOLE 244116 0 0 ALCON INC COM SHS H01301102 7343 51620 SH SOLE 51620 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 1631 27500 SH SOLE 27500 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 35458 496885 SH SOLE 496885 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 3264 68700 SH SOLE 68700 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 25691 248150 SH SOLE 248150 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 969 22300 SH SOLE 22300 0 0 ALTRIA GROUP INC COM 02209S103 11767 530025 SH SOLE 530025 0 0 ALZA CORP SDCV 7/2 02261WAB5 14553 4589690 PRN SOLE 4589690 0 0 AMEDISYS INC COM 023436108 6648 169000 SH SOLE 169000 0 0 AMEREN CORP COM 023608102 11706 265803 SH SOLE 265803 0 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 438 21370 SH SOLE 21370 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 32660 1865187 SH SOLE 1865187 0 0 AMERICAN ELEC PWR INC COM 025537101 8630 207291 SH SOLE 207291 0 0 AMERICAN ORIENTAL BIOENGR IN COM 028731107 1371 169200 SH SOLE 169200 0 0 AMERICAN TOWER CORP CL A 029912201 8156 208000 SH SOLE 208000 0 0 AMERIGROUP CORP COM 03073T102 1309 47900 SH SOLE 47900 0 0 AMERIPRISE FINL INC COM 03076C106 10269 198060 SH SOLE 198060 0 0 AMERISTAR CASINOS INC COM 03070Q101 454 24850 SH SOLE 24850 0 0 AMGEN INC COM 031162100 16496 394825 SH SOLE 394825 0 0 AMGEN INC NOTE 0.125% 2/0 031162AN0 34330 3283386 PRN SOLE 3283386 0 0 AMPHENOL CORP NEW CL A 032095101 73678 1977925 SH SOLE 1977925 0 0 AMR CORP NOTE 4.500% 2/1 001765BB1 15604 1899232 PRN SOLE 1899232 0 0 ANIXTER INTL INC COM 035290105 17412 271900 SH SOLE 271900 0 0 ANSYS INC COM 03662Q105 3597 104200 SH SOLE 104200 0 0 APPLE INC COM 037833100 75888 528835 SH SOLE 528835 0 0 ARCH CHEMICALS INC COM 03937R102 6324 169738 SH SOLE 169738 0 0 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 3060 59917 PRN SOLE 59917 0 0 ARCTIC CAT INC COM 039670104 250 34310 SH SOLE 34310 0 0 ARRIS GROUP INC COM 04269Q100 486 83500 SH SOLE 83500 0 0 ARTHROCARE CORP COM 043136100 5700 170900 SH SOLE 170900 0 0 ARUBA NETWORKS INC COM 043176106 179 34300 SH SOLE 34300 0 0 ARVINMERITOR INC NOTE 4.000% 2/1 043353AH4 3908 188627 PRN SOLE 188627 0 0 ARVINMERITOR INC COM 043353101 466 37225 SH SOLE 37225 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 16467 624200 SH SOLE 624200 0 0 ASSOCIATED ESTATES RLTY CORP COM 045604105 623 54430 SH SOLE 54430 0 0 ASSURANT INC COM 04621X108 46794 768875 SH SOLE 768875 0 0 ASTEC INDS INC COM 046224101 1547 39900 SH SOLE 39900 0 0 ASTRAZENECA PLC SPONSORED ADR 046353108 6865 180900 SH SOLE 180900 0 0 AT&T INC COM 00206R102 57956 1513226 SH SOLE 1513226 0 0 ATMI INC COM 00207R101 1110 39900 SH SOLE 39900 0 0 ATWOOD OCEANICS INC COM 050095108 27067 295100 SH SOLE 295100 0 0 AUTODESK INC COM 052769106 20555 652950 SH SOLE 652950 0 0 AUTOZONE INC COM 053332102 36520 320826 SH SOLE 320826 0 0 AVERY DENNISON CORP COM 053611109 13105 266096 SH SOLE 266096 0 0 AVNET INC COM 053807103 15521 474200 SH SOLE 474200 0 0 AVON PRODS INC COM 054303102 12040 304500 SH SOLE 304500 0 0 AXSYS TECHNOLOGIES INC COM 054615109 599 12000 SH SOLE 12000 0 0 BAKER HUGHES INC COM 057224107 46163 673902 SH SOLE 673902 0 0 BALL CORP COM 058498106 14232 309797 SH SOLE 309797 0 0 BALLY TECHNOLOGIES INC COM 05874B107 2630 76600 SH SOLE 76600 0 0 BANK OF AMERICA CORPORATION COM 060505104 114799 2606967 SH SOLE 2606967 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 17978 430805 SH SOLE 430805 0 0 BANKRATE INC COM 06646V108 1741 34900 SH SOLE 34900 0 0 BANKUNITED FINL CORP CL A 06652B103 125 24875 SH SOLE 24875 0 0 BARD C R INC COM 067383109 13833 143500 SH SOLE 143500 0 0 BARR PHARMACEUTICALS INC COM 068306109 46257 957502 SH SOLE 957502 0 0 BASIC ENERGY SVCS INC NEW COM 06985P100 782 35415 SH SOLE 35415 0 0 BEAZER HOMES USA INC NOTE 4.625% 6/1 07556QAL9 706 19440 PRN SOLE 19440 0 0 BECTON DICKINSON & CO COM 075887109 22647 263800 SH SOLE 263800 0 0 BED BATH & BEYOND INC COM 075896100 7595 257468 SH SOLE 257468 0 0 BELO CORP COM SER A 080555105 9253 875400 SH SOLE 875400 0 0 BENCHMARK ELECTRS INC COM 08160H101 2082 116000 SH SOLE 116000 0 0 BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 3343 126500 SH SOLE 126500 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 3052 86300 SH SOLE 86300 0 0 BJ SVCS CO COM 055482103 24817 870454 SH SOLE 870454 0 0 BOSTON SCIENTIFIC CORP COM 101137107 6426 499300 SH SOLE 499300 0 0 BP PLC SPONSORED ADR 055622104 74212 1223604 SH SOLE 1223604 0 0 BRIGHAM EXPLORATION CO COM 109178103 715 117845 SH SOLE 117845 0 0 BRISTOL MYERS SQUIBB CO DBCV 9/1 110122AN8 847 20591 PRN SOLE 20591 0 0 BROWN SHOE INC NEW COM 115736100 346 22940 SH SOLE 22940 0 0 BUCKEYE TECHNOLOGIES INC COM 118255108 532 47635 SH SOLE 47635 0 0 BUCYRUS INTL INC NEW CL A 118759109 4381 43100 SH SOLE 43100 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 9614 448607 SH SOLE 448607 0 0 CALLON PETE CO DEL COM 13123X102 992 54825 SH SOLE 54825 0 0 CAMERON INTERNATIONAL CORP NOTE 2.500% 6/1 13342BAB1 56399 4163799 PRN SOLE 4163799 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 52775 1267400 SH SOLE 1267400 0 0 CAPELLA EDUCATION COMPANY COM 139594105 10969 200900 SH SOLE 200900 0 0 CAPITAL ONE FINL CORP COM 14040H105 3790 77000 SH SOLE 77000 0 0 CARNIVAL CORP PAIRED CTF 143658300 26675 658988 SH SOLE 658988 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 5160 92200 SH SOLE 92200 0 0 CASELLA WASTE SYS INC CL A 147448104 493 45075 SH SOLE 45075 0 0 CASH AMER INTL INC COM 14754D100 1067 29300 SH SOLE 29300 0 0 CATERPILLAR INC DEL COM 149123101 26656 340475 SH SOLE 340475 0 0 CBS CORP NEW CL B 124857202 8469 383521 SH SOLE 383521 0 0 CELANESE CORP DEL COM SER A 150870103 24125 595853 SH SOLE 595853 0 0 CELANESE CORP DEL PFD 4.25% CONV 150870202 3284 64895 SH SOLE 64895 0 0 CELGENE CORP COM 151020104 33926 553525 SH SOLE 553525 0 0 CENTENNIAL COMMUNCTNS CORP N CL A NEW 15133V208 502 85000 SH SOLE 85000 0 0 CENTER FINL CORP CALIF COM 15146E102 373 41150 SH SOLE 41150 0 0 CENTERPOINT ENERGY INC COM 15189T107 31319 2194725 SH SOLE 2194725 0 0 CENTRAL EUROPEAN DIST CORP COM 153435102 7378 126800 SH SOLE 126800 0 0 CEPHALON INC COM 156708109 11895 184700 SH SOLE 184700 0 0 CERAGON NETWORKS LTD ORD M22013102 983 104000 SH SOLE 104000 0 0 CF INDS HLDGS INC COM 125269100 2342 22600 SH SOLE 22600 0 0 CHARMING SHOPPES INC COM 161133103 254 52620 SH SOLE 52620 0 0 CHATTEM INC COM 162456107 16638 250800 SH SOLE 250800 0 0 CHEMTURA CORP COM 163893100 10501 1430701 SH SOLE 1430701 0 0 CHESAPEAKE CORP COM 165159104 250 51915 SH SOLE 51915 0 0 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 35539 544616 PRN SOLE 544616 0 0 CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 3666 2746000 PRN SOLE 2746000 0 0 CHEVRON CORP NEW COM 166764100 37952 444604 SH SOLE 444604 0 0 CHURCH & DWIGHT INC DBCV 5.250% 8/1 171340AC6 30489 3092710 PRN SOLE 3092710 0 0 CINEMARK HOLDINGS INC COM 17243V102 1889 147681 SH SOLE 147681 0 0 CISCO SYS INC COM 17275R102 46078 1912750 SH SOLE 1912750 0 0 CIT GROUP INC COM 125581108 209 17600 SH SOLE 17600 0 0 CITIGROUP INC COM 172967101 85803 3146567 SH SOLE 3146567 0 0 COACH INC COM 189754104 29837 989625 SH SOLE 989625 0 0 COCA COLA CO COM 191216100 41967 689450 SH SOLE 689450 0 0 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 17101 593175 SH SOLE 593175 0 0 COHEN & STEERS INC COM 19247A100 1939 73200 SH SOLE 73200 0 0 COLGATE PALMOLIVE CO COM 194162103 29951 384425 SH SOLE 384425 0 0 COMMERCIAL METALS CO COM 201723103 3644 121600 SH SOLE 121600 0 0 COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 15300 399047 SH SOLE 399047 0 0 COMPLETE PRODUCTION SERVICES COM 20453E109 845 36825 SH SOLE 36825 0 0 COMPUTER SCIENCES CORP COM 205363104 9117 223528 SH SOLE 223528 0 0 COMSTOCK RES INC COM NEW 205768203 1354 33600 SH SOLE 33600 0 0 COMTECH TELECOMMUNICATIONS C NOTE 2.000% 2/0 205826AD2 10914 369079 PRN SOLE 369079 0 0 CONOCOPHILLIPS COM 20825C104 38634 506939 SH SOLE 506939 0 0 CONSECO INC DBCV 3.500% 9/3 208464BH9 15156 682851 PRN SOLE 682851 0 0 CONSOLIDATED COMM HLDGS INC COM 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SH SOLE 6000 0 0 CVS CAREMARK CORPORATION COM 126650100 50090 1236479 SH SOLE 1236479 0 0 CYBERSOURCE CORP COM 23251J106 2476 169500 SH SOLE 169500 0 0 CYPRESS SEMICONDUCTOR CORP NOTE 1.000% 9/1 232806AK5 13220 1692920 PRN SOLE 1692920 0 0 DANAHER CORP DEL COM 235851102 18957 249335 SH SOLE 249335 0 0 DAVITA INC COM 23918K108 4141 86700 SH SOLE 86700 0 0 DAWSON GEOPHYSICAL CO COM 239359102 3247 48100 SH SOLE 48100 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 9478 1102055 SH SOLE 1102055 0 0 DEVON ENERGY CORP NEW DEB 4.900% 8/1 25179MAA1 5236 2176951 PRN SOLE 2176951 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 28229 242519 SH SOLE 242519 0 0 DICKS SPORTING GOODS INC COM 253393102 12945 483400 SH SOLE 483400 0 0 DIODES INC COM 254543101 4840 220399 SH SOLE 220399 0 0 DIRECTV GROUP INC COM 25459L106 46401 1871750 SH SOLE 1871750 0 0 DOLLAR TREE INC COM 256746108 2765 100200 SH SOLE 100200 0 0 DOMINOS PIZZA INC COM 25754A201 618 45780 SH SOLE 45780 0 0 DOUGLAS EMMETT INC COM 25960P109 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SOFTWARE CORP COM 29426L108 1219 108800 SH SOLE 108800 0 0 EQUINIX INC COM NEW 29444U502 18198 273700 SH SOLE 273700 0 0 ERICSSON L M TEL CO ADR B SEK 10 294821608 10399 528927 SH SOLE 528927 0 0 EXXON MOBIL CORP COM 30231G102 66349 784453 SH SOLE 784453 0 0 EZCORP INC CL A NON VTG 302301106 506 41080 SH SOLE 41080 0 0 FACTSET RESH SYS INC COM 303075105 13206 245150 SH SOLE 245150 0 0 FEDERAL HOME LN MTG CORP COM 313400301 18632 735841 SH SOLE 735841 0 0 FEDERAL NATL MTG ASSN COM 313586109 5301 201400 SH SOLE 201400 0 0 FEDEX CORP COM 31428X106 17931 193486 SH SOLE 193486 0 0 FELCOR LODGING TR INC COM 31430F101 359 29870 SH SOLE 29870 0 0 FIRST CMNTY BANCORP CALIF COM 31983B101 595 22155 SH SOLE 22155 0 0 FIRST COMWLTH FINL CORP PA COM 319829107 625 53930 SH SOLE 53930 0 0 FIRST REGL BANCORP COM 33615C101 474 28875 SH SOLE 28875 0 0 FIRSTENERGY CORP COM 337932107 22807 332357 SH SOLE 332357 0 0 FISHER SCIENTIFIC INTL INC NOTE 3.250% 3/0 338032AX3 20684 1398457 PRN SOLE 1398457 0 0 FLIR SYS INC COM 302445101 3915 130100 SH SOLE 130100 0 0 FLOWSERVE CORP COM 34354P105 1127 10800 SH SOLE 10800 0 0 FLUOR CORP NEW COM 343412102 22487 159300 SH SOLE 159300 0 0 FMC TECHNOLOGIES INC COM 30249U101 6622 116400 SH SOLE 116400 0 0 FNB CORP PA COM 302520101 662 42437 SH SOLE 42437 0 0 FORD MTR CO DEL NOTE 4.250%12/1 345370CF5 13655 4052370 PRN SOLE 4052370 0 0 FOREST LABS INC COM 345838106 21065 526493 SH SOLE 526493 0 0 FOSSIL INC COM 349882100 702 23000 SH SOLE 23000 0 0 FOUNDATION COAL HLDGS INC COM 35039W100 583 11590 SH SOLE 11590 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 66903 673625 SH SOLE 673625 0 0 FRONTIER OIL CORP COM 35914P105 28218 1035112 SH SOLE 1035112 0 0 FROZEN FOOD EXPRESS INDS INC COM 359360104 475 59865 SH SOLE 59865 0 0 FTI CONSULTING INC COM 302941109 5001 70400 SH SOLE 70400 0 0 FURNITURE BRANDS INTL INC COM 360921100 240 20525 SH SOLE 20525 0 0 GAMESTOP CORP NEW CL A 36467W109 4633 89600 SH SOLE 89600 0 0 GANNETT INC COM 364730101 11169 384478 SH SOLE 384478 0 0 GAP INC DEL COM 364760108 14729 748385 SH SOLE 748385 0 0 GARDNER DENVER INC COM 365558105 2530 68200 SH SOLE 68200 0 0 GEN-PROBE INC NEW COM 36866T103 9495 197000 SH SOLE 197000 0 0 GENCO SHIPPING & TRADING LTD SHS Y2685T107 791 14025 SH SOLE 14025 0 0 GENENTECH INC COM NEW 368710406 35671 439410 SH SOLE 439410 0 0 GENERAL CABLE CORP DEL NEW COM 369300108 21496 363900 SH SOLE 363900 0 0 GENERAL ELECTRIC CO COM 369604103 41349 1117225 SH SOLE 1117225 0 0 GENERAL GROWTH PPTYS INC COM 370021107 6998 183337 SH SOLE 183337 0 0 GENERAL MLS INC FRNT 4/1 370334BD5 14897 3144610 PRN SOLE 3144610 0 0 GENERAL MLS INC COM 370334104 43972 734320 SH SOLE 734320 0 0 GENERAL MTRS CORP COM 370442105 25643 815903 SH SOLE 815903 0 0 GENERAL MTRS CORP DEB SR CV C 33 370442717 2179 132085 SH SOLE 132085 0 0 GENESEE & WYO INC CL A 371559105 3529 102600 SH SOLE 102600 0 0 GENWORTH FINL INC COM CL A 37247D106 56655 2502460 SH SOLE 2502460 0 0 GEORGIA GULF CORP COM PAR $0.01 373200203 201 29000 SH SOLE 29000 0 0 GILEAD SCIENCES INC COM 375558103 38246 742200 SH SOLE 742200 0 0 GLOBAL PARTNERS LP COM UNITS 37946R109 310 17205 SH SOLE 17205 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 45001 272092 SH SOLE 272092 0 0 GOOGLE INC CL A 38259P508 54211 123075 SH SOLE 123075 0 0 GRANT PRIDECO INC COM 38821G101 1511 30700 SH SOLE 30700 0 0 GREAT ATLANTIC & PAC TEA INC COM 390064103 612 23340 SH SOLE 23340 0 0 GUESS INC COM 401617105 10765 266000 SH SOLE 266000 0 0 GULF ISLAND FABRICATION INC COM 402307102 3673 127900 SH SOLE 127900 0 0 GULFMARK OFFSHORE INC COM 402629109 4487 82000 SH SOLE 82000 0 0 GYMBOREE CORP COM 403777105 4088 102500 SH SOLE 102500 0 0 HALLIBURTON CO COM 406216101 49989 1271025 SH SOLE 1271025 0 0 HALLIBURTON CO NOTE 3.125% 7/1 406216AM3 58388 3655468 PRN SOLE 3655468 0 0 HANSEN NAT CORP COM 411310105 5133 145400 SH SOLE 145400 0 0 HARRIS CORP DEL COM 413875105 17320 356900 SH SOLE 356900 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 45734 603597 SH SOLE 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COM 439038100 621 27790 SH SOLE 27790 0 0 HORNBECK OFFSHORE SVCS INC N COM 440543106 3823 83700 SH SOLE 83700 0 0 HOSPIRA INC COM 441060100 7143 167000 SH SOLE 167000 0 0 HUB GROUP INC CL A 443320106 4368 132800 SH SOLE 132800 0 0 ICON PUB LTD CO SPONSORED ADR 45103T107 18143 279600 SH SOLE 279600 0 0 IDACORP INC COM 451107106 569 17710 SH SOLE 17710 0 0 II VI INC COM 902104108 7425 195500 SH SOLE 195500 0 0 IMMUCOR INC COM 452526106 2963 138850 SH SOLE 138850 0 0 INDEPENDENT BANK CORP MASS COM 453836108 683 23125 SH SOLE 23125 0 0 INFINITY PPTY & CAS CORP COM 45665Q103 586 14095 SH SOLE 14095 0 0 INFOUSA INC NEW COM 456818301 361 59060 SH SOLE 59060 0 0 INGRAM MICRO INC CL A 457153104 6738 425654 SH SOLE 425654 0 0 INSIGHT ENTERPRISES INC COM 45765U103 438 25050 SH SOLE 25050 0 0 INTEL CORP SDCV 2.950%12/1 458140AD2 27390 3702877 PRN SOLE 3702877 0 0 INTEL CORP COM 458140100 70011 3305518 SH SOLE 3305518 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 58441 447825 SH SOLE 447825 0 0 INTERFACE INC CL A 458665106 2028 144360 SH SOLE 144360 0 0 INTERLINE BRANDS INC COM 458743101 3317 178800 SH SOLE 178800 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 50969 442675 SH SOLE 442675 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 26582 661075 SH SOLE 661075 0 0 INTERSIL CORP CL A 46069S109 1856 72300 SH SOLE 72300 0 0 INVACARE CORP COM 461203101 583 26160 SH SOLE 26160 0 0 INVENTIV HEALTH INC COM 46122E105 1593 55300 SH SOLE 55300 0 0 INVERNESS MED INNOVATIONS IN COM 46126P106 4960 164800 SH SOLE 164800 0 0 INVESTMENT TECHNOLOGY GRP NE COM 46145F105 13089 283425 SH SOLE 283425 0 0 ION GEOPHYSICAL CORP COM 462044108 4706 341000 SH SOLE 341000 0 0 IOWA TELECOMM SERVICES INC COM 462594201 494 27855 SH SOLE 27855 0 0 ISHARES TR RUSSELL MCP VL 464287473 4745 36900 SH SOLE 36900 0 0 ISHARES TR RUSSELL1000VAL 464287598 9867 134900 SH SOLE 134900 0 0 ISHARES TR RUSSELL MCP GR 464287481 5602 55300 SH SOLE 55300 0 0 ISHARES TR MSCI EAFE IDX 464287465 288 198700 SH PUT SOLE 198700 0 0 ISHARES TR MSCI EAFE IDX 464287465 77095 1072250 SH SOLE 1072250 0 0 ISHARES TR DJ US REAL EST 464287739 6783 104200 SH SOLE 104200 0 0 ISHARES TR S&P EURO PLUS 464287861 7708 73400 SH SOLE 73400 0 0 ISLE OF CAPRI CASINOS INC COM 464592104 262 36600 SH SOLE 36600 0 0 ITRON INC COM 465741106 5928 65700 SH SOLE 65700 0 0 JER INVT TR INC COM 46614H301 348 41050 SH SOLE 41050 0 0 JOHNSON & JOHNSON COM 478160104 52132 803646 SH SOLE 803646 0 0 JOY GLOBAL INC COM 481165108 24363 373889 SH SOLE 373889 0 0 JP MORGAN CHASE & CO COM 46625H100 38057 886063 SH SOLE 886063 0 0 KAPSTONE PAPER & PACKAGING C COM 48562P103 181 27400 SH SOLE 27400 0 0 KBW INC COM 482423100 599 27165 SH SOLE 27165 0 0 KEYCORP NEW COM 493267108 10221 465676 SH SOLE 465676 0 0 KIMBERLY CLARK CORP COM 494368103 24405 378080 SH SOLE 378080 0 0 KNIGHT CAPITAL GROUP INC CL A 499005106 752 46280 SH SOLE 46280 0 0 KNOLL INC COM NEW 498904200 1477 128000 SH SOLE 128000 0 0 KOHLS CORP COM 500255104 49672 1158114 SH SOLE 1158114 0 0 KROGER CO COM 501044101 47551 1872106 SH SOLE 1872106 0 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 27040 2784623 PRN SOLE 2784623 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 26515 242500 SH SOLE 242500 0 0 LACLEDE GROUP INC COM 505597104 901 25275 SH SOLE 25275 0 0 LAKELAND FINL CORP COM 511656100 700 30885 SH SOLE 30885 0 0 LAS VEGAS SANDS CORP COM 517834107 644 8750 SH SOLE 8750 0 0 LAYNE CHRISTENSEN CO COM 521050104 4872 139120 SH SOLE 139120 0 0 LENNOX INTL INC COM 526107107 9719 270200 SH SOLE 270200 0 0 LIBBEY INC COM 529898108 664 39422 SH SOLE 39422 0 0 LIFECELL CORP COM 531927101 4396 104600 SH SOLE 104600 0 0 LINCOLN NATL CORP IND COM 534187109 8645 166257 SH SOLE 166257 0 0 LKQ CORP COM 501889208 23250 1034700 SH SOLE 1034700 0 0 LOCKHEED MARTIN CORP DBCV 8/1 539830AP4 5832 57929 PRN SOLE 57929 0 0 LODGENET INTERACTIVE CORP COM 540211109 126 20725 SH SOLE 20725 0 0 LOGITECH INTL S A SHS H50430232 16706 656668 SH SOLE 656668 0 0 LORAL SPACE & COMMUNICATNS L COM 543881106 12441 521857 SH SOLE 521857 0 0 LOWES COS INC COM 548661107 22603 985313 SH SOLE 985313 0 0 LOWES COS INC NOTE 10/1 548661CG0 32075 4272927 PRN SOLE 4272927 0 0 LUBYS INC COM 549282101 484 68415 SH SOLE 68415 0 0 LUFKIN INDS INC COM 549764108 3287 51500 SH SOLE 51500 0 0 MADDEN STEVEN LTD COM 556269108 321 18735 SH SOLE 18735 0 0 MANPOWER INC COM 56418H100 12426 220870 SH SOLE 220870 0 0 MARINER ENERGY INC COM 56845T305 3257 120600 SH SOLE 120600 0 0 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 5361 100000 SH SOLE 100000 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 511 10700 SH SOLE 10700 0 0 MARSHALL & ILSLEY CORP NEW COM 571837103 12230 527149 SH SOLE 527149 0 0 MASTEC INC COM 576323109 401 48795 SH SOLE 48795 0 0 MBIA INC COM 55262C100 35 77000 SH PUT SOLE 77000 0 0 MCDERMOTT INTL INC COM 580037109 4194 76500 SH SOLE 76500 0 0 MEDALLION FINL CORP COM 583928106 399 44170 SH SOLE 44170 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 39173 894575 SH SOLE 894575 0 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 56482 6316479 PRN SOLE 6316479 0 0 MEMC ELECTR MATLS INC COM 552715104 90022 1269699 SH SOLE 1269699 0 0 MERCK & CO INC COM 589331107 14000 368900 SH SOLE 368900 0 0 MERRILL LYNCH & CO INC NOTE 3/1 590188W46 2927 2753000 SH SOLE 2753000 0 0 MERRILL LYNCH & CO INC COM 590188108 11498 282211 SH SOLE 282211 0 0 MERRILL LYNCH & CO INC NOTE 3/1 590188W46 29292 380286 PRN SOLE 380286 0 0 METLIFE INC COM 59156R108 35588 564136 SH SOLE 564136 0 0 MGE ENERGY INC COM 55277P104 750 22020 SH SOLE 22020 0 0 MICROS SYS INC COM 594901100 12787 379900 SH SOLE 379900 0 0 MICROSOFT CORP COM 594918104 96206 3389927 SH SOLE 3389927 0 0 MIDDLEBY CORP COM 596278101 4186 67100 SH SOLE 67100 0 0 MILLER INDS INC TENN COM NEW 600551204 261 27065 SH SOLE 27065 0 0 MILLIPORE CORP COM 601073109 9242 137100 SH SOLE 137100 0 0 MOBILE MINI INC COM 60740F105 1547 81400 SH SOLE 81400 0 0 MOLEX INC CL A 608554200 11008 503569 SH SOLE 503569 0 0 MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 4398 65108 PRN SOLE 65108 0 0 MONSANTO CO NEW COM 61166W101 6199 55600 SH SOLE 55600 0 0 MORGAN STANLEY COM NEW 617446448 27896 610408 SH SOLE 610408 0 0 MOSAIC CO COM 61945A107 14200 138400 SH SOLE 138400 0 0 NATCO GROUP INC CL A 63227W203 4352 93100 SH SOLE 93100 0 0 NATIONAL OILWELL VARCO INC COM 637071101 68960 1181225 SH SOLE 1181225 0 0 NCI BUILDING SYS INC COM 628852105 414 17105 SH SOLE 17105 0 0 NETFLIX INC COM 64110L106 754 21760 SH SOLE 21760 0 0 NETGEAR INC COM 64111Q104 4265 213800 SH SOLE 213800 0 0 NEUSTAR INC CL A 64126X201 4520 170700 SH SOLE 170700 0 0 NEW FRONTIER MEDIA INC COM 644398109 378 84815 SH SOLE 84815 0 0 NEWALLIANCE BANCSHARES INC COM 650203102 16860 1375274 SH SOLE 1375274 0 0 NEWCASTLE INVT CORP COM 65105M108 145 17530 SH SOLE 17530 0 0 NEWFIELD EXPL CO COM 651290108 15464 292600 SH SOLE 292600 0 0 NEWS CORP CL A 65248E104 9398 501250 SH SOLE 501250 0 0 NGP CAP RES CO COM 62912R107 834 50810 SH SOLE 50810 0 0 NIKE INC CL B 654106103 8429 123950 SH SOLE 123950 0 0 NOKIA CORP SPONSORED ADR 654902204 37454 1178844 SH SOLE 1178844 0 0 NORDSTROM INC COM 655664100 20278 622027 SH SOLE 622027 0 0 NORFOLK SOUTHERN CORP COM 655844108 42552 783350 SH SOLE 783350 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 46492 468430 PRN SOLE 468430 0 0 NORTHROP GRUMMAN CORP COM 666807102 28935 371864 SH SOLE 371864 0 0 NORTHSTAR RLTY FIN CORP COM 66704R100 246 30095 SH SOLE 30095 0 0 NORTHWEST AIRLS CORP COM 667280408 70438 7835157 SH SOLE 7835157 0 0 NORTHWEST PIPE CO COM 667746101 779 18330 SH SOLE 18330 0 0 NOVARTIS A G SPONSORED ADR 66987V109 36861 719526 SH SOLE 719526 0 0 NRG ENERGY INC COM NEW 629377508 57367 1471337 SH SOLE 1471337 0 0 NTELOS HLDGS CORP COM 67020Q107 11923 492700 SH SOLE 492700 0 0 NTT DOCOMO INC SPONS ADR 62942M201 1626 106600 SH SOLE 106600 0 0 NUCOR CORP COM 670346105 12106 178706 SH SOLE 178706 0 0 NVIDIA CORP COM 67066G104 32533 1643900 SH SOLE 1643900 0 0 OLD DOMINION FGHT LINES INC COM 679580100 508 15945 SH SOLE 15945 0 0 OLD NATL BANCORP IND COM 680033107 613 34030 SH SOLE 34030 0 0 OLIN CORP COM PAR $1 680665205 6833 345822 SH SOLE 345822 0 0 OMNICOM GROUP INC NOTE 2/0 681919AK2 10593 193544 PRN SOLE 193544 0 0 OMNICOM GROUP INC COM 681919106 4284 96975 SH SOLE 96975 0 0 OMNITURE INC COM 68212S109 1469 63300 SH SOLE 63300 0 0 OPTIONSXPRESS HLDGS INC COM 684010101 5117 247100 SH SOLE 247100 0 0 ORACLE CORP COM 68389X105 58596 2995725 SH SOLE 2995725 0 0 OSHKOSH CORP COM 688239201 11860 326900 SH SOLE 326900 0 0 OWENS ILL INC COM NEW 690768403 2381 42200 SH SOLE 42200 0 0 OYO GEOSPACE CORP COM 671074102 2307 50800 SH SOLE 50800 0 0 P A M TRANSN SVCS INC COM 693149106 435 27970 SH SOLE 27970 0 0 PAREXEL INTL CORP COM 699462107 9913 379800 SH SOLE 379800 0 0 PARK ELECTROCHEMICAL CORP COM 700416209 715 27670 SH SOLE 27670 0 0 PARKWAY PPTYS INC COM 70159Q104 543 14690 SH SOLE 14690 0 0 PARTNERRE LTD COM G6852T105 14660 192137 SH SOLE 192137 0 0 PATRIOT COAL CORP COM 70336T104 403 8580 SH SOLE 8580 0 0 PEABODY ENERGY CORP COM 704549104 7823 153400 SH SOLE 153400 0 0 PENN VA CORP COM 707882106 386 8755 SH SOLE 8755 0 0 PENTAIR INC COM 709631105 20346 637806 SH SOLE 637806 0 0 PEPCO HOLDINGS INC COM 713291102 14237 575917 SH SOLE 575917 0 0 PEPSICO INC COM 713448108 27743 384250 SH SOLE 384250 0 0 PFF BANCORP INC COM 69331W104 170 20485 SH SOLE 20485 0 0 PFIZER INC COM 717081103 20611 984751 SH SOLE 984751 0 0 PG&E CORP COM 69331C108 10566 286962 SH SOLE 286962 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 14875 355000 SH SOLE 355000 0 0 PHILLIPS VAN HEUSEN CORP COM 718592108 7921 208900 SH SOLE 208900 0 0 PITNEY BOWES INC COM 724479100 14853 424123 SH SOLE 424123 0 0 PLAYBOY ENTERPRISES INC CL B 728117300 577 69320 SH SOLE 69320 0 0 PMA CAP CORP CL A 693419202 1415 120100 SH SOLE 120100 0 0 PNC FINL SVCS GROUP INC COM 693475105 61732 941468 SH SOLE 941468 0 0 POLO RALPH LAUREN CORP CL A 731572103 25894 444225 SH SOLE 444225 0 0 POLYONE CORP COM 73179P106 117 18400 SH SOLE 18400 0 0 PORTLAND GEN ELEC CO COM NEW 736508847 474 21030 SH SOLE 21030 0 0 PRAXAIR INC COM 74005P104 36881 437860 SH SOLE 437860 0 0 PRE PAID LEGAL SVCS INC COM 740065107 427 10060 SH SOLE 10060 0 0 PRECISION CASTPARTS CORP COM 740189105 73994 724860 SH SOLE 724860 0 0 PRESIDENTIAL LIFE CORP COM 740884101 1226 70290 SH SOLE 70290 0 0 PRESTIGE BRANDS HLDGS INC COM 74112D101 291 35545 SH SOLE 35545 0 0 PRICELINE COM INC COM NEW 741503403 4387 36300 SH SOLE 36300 0 0 PRIDE INTL INC DEL NOTE 3.250% 5/0 74153QAD4 40006 5217663 PRN SOLE 5217663 0 0 PROCTER & GAMBLE CO COM 742718109 392 5600 SH SOLE 5600 0 0 PROGRESS SOFTWARE CORP COM 743312100 10894 364100 SH SOLE 364100 0 0 PROSPECT CAPITAL CORPORATION COM 74348T102 388 25475 SH SOLE 25475 0 0 PRUDENTIAL FINL INC COM 744320102 74387 950627 SH SOLE 950627 0 0 QUADRAMED CORP COM 74730W101 49865 19140458 SH SOLE 19140458 0 0 QUALITY SYS INC COM 747582104 1998 66900 SH SOLE 66900 0 0 QUANTA SVCS INC COM 74762E102 16300 703500 SH SOLE 703500 0 0 QUEST DIAGNOSTICS INC COM 74834L100 18440 407315 SH SOLE 407315 0 0 R H DONNELLEY CORP COM NEW 74955W307 73 14400 SH SOLE 14400 0 0 RAM ENERGY RESOURCES INC COM 75130P109 745 151420 SH SOLE 151420 0 0 RAYTHEON CO COM NEW 755111507 17047 263831 SH SOLE 263831 0 0 RBC BEARINGS INC COM 75524B104 2785 75000 SH SOLE 75000 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 7203 332560 SH SOLE 332560 0 0 RESEARCH IN MOTION LTD COM 760975102 33394 297550 SH SOLE 297550 0 0 RESOURCE CAP CORP COM 76120W302 200 26415 SH SOLE 26415 0 0 RF MICRODEVICES INC COM 749941100 2135 802700 SH SOLE 802700 0 0 RLI CORP COM 749607107 588 11870 SH SOLE 11870 0 0 ROCK-TENN CO CL A 772739207 621 20725 SH SOLE 20725 0 0 ROGERS CORP COM 775133101 1500 44900 SH SOLE 44900 0 0 ROPER INDS INC NEW COM 776696106 26772 450400 SH SOLE 450400 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 37233 539758 SH SOLE 539758 0 0 RTI INTL METALS INC COM 74973W107 3884 85900 SH SOLE 85900 0 0 RUDOLPH TECHNOLOGIES INC COM 781270103 390 39870 SH SOLE 39870 0 0 RURAL / METRO CORP COM 781748108 261 111900 SH SOLE 111900 0 0 RUSH ENTERPRISES INC CL B 781846308 608 41385 SH SOLE 41385 0 0 RYANAIR HLDGS PLC SPONSORED ADR 783513104 15504 548244 SH SOLE 548244 0 0 SAFECO CORP COM 786429100 9622 219289 SH SOLE 219289 0 0 SALEM COMMUNICATIONS CORP DE CL A 794093104 237 59200 SH SOLE 59200 0 0 SANDERSON FARMS INC COM 800013104 4896 128800 SH SOLE 128800 0 0 SANDY SPRING BANCORP INC COM 800363103 745 27065 SH SOLE 27065 0 0 SAUL CTRS INC COM 804395101 834 16610 SH SOLE 16610 0 0 SBA COMMUNICATIONS CORP NOTE 0.375%12/0 78388JAJ5 24229 3352554 PRN SOLE 3352554 0 0 SBA COMMUNICATIONS CORP COM 78388J106 19920 667800 SH SOLE 667800 0 0 SCANSOURCE INC COM 806037107 847 23395 SH SOLE 23395 0 0 SCHEIN HENRY INC COM 806407102 15429 268800 SH SOLE 268800 0 0 SCHEIN HENRY INC NOTE 3.000% 8/1 806407AB8 12399 1294788 PRN SOLE 1294788 0 0 SCHERING PLOUGH CORP COM 806605101 27874 1569051 SH SOLE 1569051 0 0 SCHERING PLOUGH CORP PFD CONV MAN07 806605705 1608 10500 SH SOLE 10500 0 0 SCHLUMBERGER LTD DBCV 1.500% 6/0 806857AC2 71170 3168139 PRN SOLE 3168139 0 0 SCIELE PHARMA INC COM 808627103 2358 120900 SH SOLE 120900 0 0 SELECTIVE INS GROUP INC COM 816300107 413 17277 SH SOLE 17277 0 0 SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 1209 42100 SH SOLE 42100 0 0 SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 823 27670 SH SOLE 27670 0 0 SIMPSON MANUFACTURING CO INC COM 829073105 582 21430 SH SOLE 21430 0 0 SINCLAIR BROADCAST GROUP INC CL A 829226109 680 76265 SH SOLE 76265 0 0 SINCLAIR BROADCAST GROUP INC NOTE 3.000% 5/1 829226AW9 39389 2118697 PRN SOLE 2118697 0 0 SIRIUS SATELLITE RADIO INC NOTE 3.250%10/1 82966UAD5 3597 2041868 PRN SOLE 2041868 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 9508 1306000 SH SOLE 1306000 0 0 SMITH INTL INC COM 832110100 26959 419725 SH SOLE 419725 0 0 SMUCKER J M CO COM NEW 832696405 4138 81748 SH SOLE 81748 0 0 SOUTHERN COPPER CORP COM 84265V105 76936 740985 SH SOLE 740985 0 0 SOVEREIGN BANCORP INC COM 845905108 3116 334303 SH SOLE 334303 0 0 SPARTAN STORES INC NOTE 3.375% 5/1 846822AE4 13938 456961 PRN SOLE 456961 0 0 SPDR SERIES TRUST KBW REGL BKG 78464A698 6954 197900 SH SOLE 197900 0 0 SPECTRA ENERGY CORP COM 847560109 17061 749929 SH SOLE 749929 0 0 ST JUDE MED INC COM 790849103 32228 746200 SH SOLE 746200 0 0 STAR GAS PARTNERS L P UNIT LTD PARTNR 85512C105 17814 5937848 SH SOLE 5937848 0 0 STEEL DYNAMICS INC COM 858119100 7877 238400 SH SOLE 238400 0 0 STONE ENERGY CORP COM 861642106 617 11795 SH SOLE 11795 0 0 STREETTRACKS GOLD TR GOLD SHS 863307104 1708 18900 SH SOLE 18900 0 0 SUNCOR ENERGY INC COM 867229106 32421 336498 SH SOLE 336498 0 0 SUNOCO INC COM 86764P109 299 5700 SH SOLE 5700 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 2623 66200 SH SOLE 66200 0 0 SWIFT ENERGY CO COM 870738101 3644 81000 SH SOLE 81000 0 0 SYBASE INC NOTE 1.750% 2/2 871130AB6 19315 3018234 PRN SOLE 3018234 0 0 SYKES ENTERPRISES INC COM 871237103 4410 250700 SH SOLE 250700 0 0 SYNNEX CORP COM 87162W100 605 28505 SH SOLE 28505 0 0 TALBOTS INC COM 874161102 286 26560 SH SOLE 26560 0 0 TARGET CORP COM 87612E106 27258 537843 SH SOLE 537843 0 0 TECHNITROL INC COM 878555101 3459 149555 SH SOLE 149555 0 0 TECK COMINCO LTD CL B 878742204 16455 401720 SH SOLE 401720 0 0 TEREX CORP NEW COM 880779103 27963 447400 SH SOLE 447400 0 0 TERRA INDS INC COM 880915103 1730 48700 SH SOLE 48700 0 0 TESORO CORP COM 881609101 10998 366600 SH SOLE 366600 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 759 36500 SH SOLE 36500 0 0 TEVA PHARMACEUTICAL FIN CO B NOTE 1.750% 2/0 88165FAA0 17166 294718 PRN SOLE 294718 0 0 TEVA PHARMACEUTICAL FIN II L DBCV 0.500% 2/0 88164RAA5 46856 5664903 PRN SOLE 5664903 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 42043 911006 SH SOLE 911006 0 0 TEXAS INSTRS INC COM 882508104 20779 735043 SH SOLE 735043 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 103017 1812400 SH SOLE 1812400 0 0 TIDEWATER INC COM 886423102 12787 232039 SH SOLE 232039 0 0 TIMKEN CO COM 887389104 4261 143363 SH SOLE 143363 0 0 TJX COS INC NEW COM 872540109 97473 2947469 SH SOLE 2947469 0 0 TNS INC COM 872960109 930 45075 SH SOLE 45075 0 0 TOWER GROUP INC COM 891777104 1583 62900 SH SOLE 62900 0 0 TRANSOCEAN INC NEW SHS G90073100 50109 370631 SH SOLE 370631 0 0 TRANSOCEAN SEDCO FOREX INC NOTE 1.500%12/1 893830AW9 71259 6148111 PRN SOLE 6148111 0 0 TRANSOCEAN SEDCO FOREX INC NOTE 1.625%12/1 893830AU3 5439 29358 PRN SOLE 29358 0 0 TRIMBLE NAVIGATION LTD COM 896239100 1515 53000 SH SOLE 53000 0 0 TRIUMPH GROUP INC NEW COM 896818101 6086 106900 SH SOLE 106900 0 0 TRIUMPH GROUP INC NEW NOTE 2.625%10/0 896818AB7 23045 1412568 PRN SOLE 1412568 0 0 TRONOX INC CL A 897051108 382 95635 SH SOLE 95635 0 0 TRUEBLUE INC COM 89785X101 442 32900 SH SOLE 32900 0 0 TRUSTCO BK CORP N Y COM 898349105 408 45903 SH SOLE 45903 0 0 TUESDAY MORNING CORP COM NEW 899035505 204 39440 SH SOLE 39440 0 0 TWEEN BRANDS INC COM 901166108 2343 94700 SH SOLE 94700 0 0 UNIFI INC COM 904677101 301 104200 SH SOLE 104200 0 0 UNISOURCE ENERGY CORP COM 909205106 396 17810 SH SOLE 17810 0 0 UNITED CMNTY FINL CORP OHIO COM 909839102 399 64435 SH SOLE 64435 0 0 UNITED TECHNOLOGIES CORP COM 913017109 43367 630150 SH SOLE 630150 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 8341 96200 SH SOLE 96200 0 0 UNITEDHEALTH GROUP INC COM 91324P102 18639 542461 SH SOLE 542461 0 0 UNIVERSAL FST PRODS INC COM 913543104 424 13180 SH SOLE 13180 0 0 US BANCORP DEL COM NEW 902973304 10495 324340 SH SOLE 324340 0 0 VALE CAP LTD NT RIO CV VALE 91912C208 1565 23708 SH SOLE 23708 0 0 VALERO ENERGY CORP NEW COM 91913Y100 255 5200 SH SOLE 5200 0 0 VANGUARD TAX-MANAGED FD EUROPE PAC ETF 921943858 20661 468400 SH SOLE 468400 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 9183 326200 SH SOLE 326200 0 0 VERIFONE HLDGS INC COM 92342Y109 2777 175000 SH SOLE 175000 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 46626 1279157 SH SOLE 1279157 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 34703 1175963 SH SOLE 1175963 0 0 W-H ENERGY SVCS INC COM 92925E108 4344 63100 SH SOLE 63100 0 0 WABTEC CORP COM 929740108 2256 59900 SH SOLE 59900 0 0 WAL MART STORES INC COM 931142103 63540 1206136 SH SOLE 1206136 0 0 WALTER INDS INC COM 93317Q105 810 12940 SH SOLE 12940 0 0 WARNACO GROUP INC COM NEW 934390402 4650 117900 SH SOLE 117900 0 0 WATSON PHARMACEUTICALS INC DBCV 1.750% 3/1 942683AC7 9857 3004345 PRN SOLE 3004345 0 0 WATTS WATER TECHNOLOGIES INC CL A 942749102 663 23645 SH SOLE 23645 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 18625 257000 SH SOLE 257000 0 0 WELLPOINT INC COM 94973V107 925 20950 SH SOLE 20950 0 0 WELLS FARGO & CO NEW COM 949746101 24608 845607 SH SOLE 845607 0 0 WELLS FARGO & CO NEW DBCV 5/0 949746FA4 298 5980 PRN SOLE 5980 0 0 WERNER ENTERPRISES INC COM 950755108 7316 394181 SH SOLE 394181 0 0 WESCO INTL INC COM 95082P105 9080 248840 SH SOLE 248840 0 0 WESTERN REFNG INC COM 959319104 189 14000 SH SOLE 14000 0 0 WESTLAKE CHEM CORP COM 960413102 276 21130 SH SOLE 21130 0 0 WILLIAMS COS INC DEL COM 969457100 59841 1814472 SH SOLE 1814472 0 0 WILLIAMS SONOMA INC COM 969904101 13076 539464 SH SOLE 539464 0 0 WINDSTREAM CORP COM 97381W104 359 30000 SH SOLE 30000 0 0 WMS INDS INC COM 929297109 3629 100900 SH SOLE 100900 0 0 WORLD FUEL SVCS CORP COM 981475106 1373 48900 SH SOLE 48900 0 0 WORTHINGTON INDS INC COM 981811102 643 38090 SH SOLE 38090 0 0 WYETH COM 983024100 27464 657642 SH SOLE 657642 0 0 XERIUM TECHNOLOGIES INC COM 98416J100 90 70025 SH SOLE 70025 0 0 XTO ENERGY INC COM 98385X106 71113 1149575 SH SOLE 1149575 0 0 ZYGO CORP COM 989855101 554 44500 SH SOLE 44500 0 0
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