0000919574-14-003323.txt : 20140515 0000919574-14-003323.hdr.sgml : 20140515 20140515122627 ACCESSION NUMBER: 0000919574-14-003323 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140331 FILED AS OF DATE: 20140515 DATE AS OF CHANGE: 20140515 EFFECTIVENESS DATE: 20140515 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: 14845269 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 primary_doc.xml 13F-HR LIVE false false false 0001080380 XXXXXXXX 03-31-2014 03-31-2014 false PROSPECTOR PARTNERS LLC
370 CHURCH STREET GUILFORD CT 06437
13F HOLDINGS REPORT 028-04685 N
John D. Gillespie Managing Member 203-458-1500 /s/ John D. Gillespie GUILFORD CT 05-15-2014 3 323 2099052 1 0001253840 028-10494 WHITE MOUNTAINS ADVISORS LLC 2 0001369817 028-12951 OneBeacon Insurance Group, Ltd. 3 0001402472 028-15501 PROSPECTOR FUNDS, INC.
INFORMATION TABLE 2 infotable.xml ABBOTT LABS COM 002824100 23880 620100 SH SOLE 2, 3 620100 0 0 ABBOTT LABS COM 002824100 8649 224600 SH DFND 1 0 224600 0 AFLAC INC COM 001055102 6525 103500 SH SOLE 2 103500 0 0 AFLAC INC COM 001055102 2276 36100 SH DFND 1 0 36100 0 ALLIANT TECHSYSTEMS INC COM 018804104 2516 17700 SH SOLE 2, 3 17700 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 1095 7700 SH DFND 1 0 7700 0 ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 6333 3400000 PRN SOLE 3 3400000 0 0 AMAG PHARMACEUTICALS INC COM 00163U106 766 39600 SH SOLE 3 39600 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 8942 178800 SH SOLE 2, 3 178800 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 3131 62600 SH DFND 1 0 62600 0 AMERISAFE INC COM 03071H100 1647 37500 SH SOLE 37500 0 0 ARCH CAP GROUP LTD ORD G0450A105 11495 199773 SH SOLE 199773 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 22935 577703 SH SOLE 2, 3 577703 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 5113 128800 SH DFND 1 0 128800 0 AURICO GOLD INC COM 05155C105 1680 386300 SH SOLE 2, 3 386300 0 0 AURICO GOLD INC COM 05155C105 590 135691 SH DFND 1 0 135691 0 AUTOMATIC DATA PROCESSING IN COM 053015103 27960 361900 SH SOLE 2, 3 361900 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 8939 115700 SH DFND 1 0 115700 0 AUXILIUM PHARMACEUTICALS INC NOTE 1.500% 7/1 05334DAA5 991 750000 PRN SOLE 2 750000 0 0 AUXILIUM PHARMACEUTICALS INC NOTE 1.500% 7/1 05334DAA5 1420 1075000 PRN DFND 1 0 1075000 0 AUXILIUM PHARMACEUTICALS INC COM 05334D107 603 22200 SH SOLE 3 22200 0 0 AVALONBAY CMNTYS INC COM 053484101 11175 85100 SH SOLE 2, 3 85100 0 0 AVALONBAY CMNTYS INC COM 053484101 3191 24300 SH DFND 1 0 24300 0 AXIS CAPITAL HOLDINGS LTD SHS G0692U109 5713 124600 SH SOLE 3 124600 0 0 BARRICK GOLD CORP COM 067901108 4866 272900 SH SOLE 2, 3 272900 0 0 BARRICK GOLD CORP COM 067901108 1398 78400 SH DFND 1 0 78400 0 BEAM INC COM 073730103 16818 201900 SH SOLE 2, 3 201900 0 0 BEAM INC COM 073730103 7189 86300 SH DFND 1 0 86300 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 58398 467300 SH SOLE 2, 3 467300 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 10485 83900 SH DFND 1 0 83900 0 BRIGGS & STRATTON CORP COM 109043109 436 19600 SH SOLE 2, 3 19600 0 0 BRIGGS & STRATTON CORP COM 109043109 187 8400 SH DFND 1 0 8400 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 747 20100 SH SOLE 20100 0 0 BSB BANCORP INC MD COM 05573H108 551 32000 SH SOLE 3 32000 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 8416 498900 SH SOLE 2, 3 498900 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 3172 188000 SH DFND 1 0 188000 0 CADENCE DESIGN SYSTEM INC COM 127387108 1686 108500 SH SOLE 3 108500 0 0 CAMECO CORP COM 13321L108 515 22500 SH SOLE 2, 3 22500 0 0 CAMECO CORP COM 13321L108 172 7500 SH DFND 1 0 7500 0 CAMPBELL SOUP CO COM 134429109 10448 232800 SH SOLE 2, 3 232800 0 0 CAMPBELL SOUP CO COM 134429109 4385 97700 SH DFND 1 0 97700 0 CAPITAL BK FINL CORP CL A COM 139794101 1662 66200 SH SOLE 3 66200 0 0 CAPITAL CITY BK GROUP INC COM 139674105 769 57900 SH SOLE 3 57900 0 0 CELADON GROUP INC COM 150838100 5272 219294 SH SOLE 2, 3 219294 0 0 CELADON GROUP INC COM 150838100 1161 48300 SH DFND 1 0 48300 0 CENTRAL PAC FINL CORP COM NEW 154760409 3432 169900 SH SOLE 2, 3 169900 0 0 CENTRAL PAC FINL CORP COM NEW 154760409 1366 67600 SH DFND 1 0 67600 0 CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 3356 3000000 PRN SOLE 2, 3 3000000 0 0 CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 1119 1000000 PRN DFND 1 0 1000000 0 CHICOPEE BANCORP INC COM 168565109 1479 83571 SH SOLE 3 83571 0 0 CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 4426 4350000 PRN SOLE 2, 3 4350000 0 0 CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 1170 1150000 PRN DFND 1 0 1150000 0 CHUBB CORP COM 171232101 25192 282109 SH SOLE 3 282109 0 0 CHURCH & DWIGHT INC COM 171340102 11883 172042 SH SOLE 2, 3 172042 0 0 CHURCH & DWIGHT INC COM 171340102 2853 41300 SH DFND 1 0 41300 0 CIRCOR INTL INC COM 17273K109 1162 15840 SH SOLE 3 15840 0 0 CITIGROUP INC COM NEW 172967424 15817 332289 SH SOLE 2, 3 332289 0 0 CITIGROUP INC COM NEW 172967424 3098 65090 SH DFND 1 0 65090 0 CITY NATL CORP COM 178566105 3039 38600 SH SOLE 2, 3 38600 0 0 CITY NATL CORP COM 178566105 1063 13500 SH DFND 1 0 13500 0 CNA FINL CORP COM 126117100 22159 518700 SH SOLE 2, 3 518700 0 0 CNA FINL CORP COM 126117100 4340 101600 SH DFND 1 0 101600 0 COCA COLA CO COM 191216100 23308 602900 SH SOLE 2, 3 602900 0 0 COCA COLA CO COM 191216100 9360 242100 SH DFND 1 0 242100 0 COMTECH TELECOMMUNICATIONS C COM NEW 205826209 22 700 SH SOLE 2 700 0 0 COMTECH TELECOMMUNICATIONS C COM NEW 205826209 51 1600 SH DFND 1 0 1600 0 COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 7708 7525000 PRN SOLE 2, 3 7525000 0 0 COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 2279 2225000 PRN DFND 1 0 2225000 0 CONOCOPHILLIPS COM 20825C104 18629 264800 SH SOLE 2, 3 264800 0 0 CONOCOPHILLIPS COM 20825C104 6768 96200 SH DFND 1 0 96200 0 CORNING INC COM 219350105 22373 1074600 SH SOLE 2, 3 1074600 0 0 CORNING INC COM 219350105 8322 399700 SH DFND 1 0 399700 0 CU BANCORP CALIF COM 126534106 754 41000 SH SOLE 3 41000 0 0 CURTISS WRIGHT CORP COM 231561101 8228 129500 SH SOLE 2, 3 129500 0 0 CURTISS WRIGHT CORP COM 231561101 3209 50500 SH DFND 1 0 50500 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 2546 65000 SH Call SOLE 65000 0 0 DARDEN RESTAURANTS INC COM 237194105 1853 36500 SH SOLE 2, 3 36500 0 0 DARDEN RESTAURANTS INC COM 237194105 563 11100 SH DFND 1 0 11100 0 DELTIC TIMBER CORP COM 247850100 2069 31724 SH SOLE 2, 3 31724 0 0 DELTIC TIMBER CORP COM 247850100 309 4733 SH DFND 1 0 4733 0 DENNYS CORP COM 24869P104 2344 364600 SH SOLE 3 364600 0 0 DIAMONDROCK HOSPITALITY CO COM 252784301 588 50000 SH SOLE 50000 0 0 DIME CMNTY BANCSHARES COM 253922108 1151 67800 SH SOLE 3 67800 0 0 DOMTAR CORP COM NEW 257559203 31041 276606 SH SOLE 2, 3 276606 0 0 DOMTAR CORP COM NEW 257559203 10998 98000 SH DFND 1 0 98000 0 DONEGAL GROUP INC CL A 257701201 1964 134700 SH SOLE 2, 3 134700 0 0 DONEGAL GROUP INC CL A 257701201 751 51500 SH DFND 1 0 51500 0 DREAMWORKS ANIMATION SKG INC CL A 26153C103 4649 175100 SH SOLE 2, 3 175100 0 0 DREAMWORKS ANIMATION SKG INC CL A 26153C103 1707 64300 SH DFND 1 0 64300 0 DU PONT E I DE NEMOURS & CO COM 263534109 18526 276100 SH SOLE 2, 3 276100 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 8481 126400 SH DFND 1 0 126400 0 EBAY INC COM 278642103 6021 109000 SH SOLE 2 109000 0 0 EBAY INC COM 278642103 1679 30400 SH DFND 1 0 30400 0 E M C CORP MASS COM 268648102 6768 246900 SH SOLE 2, 3 246900 0 0 E M C CORP MASS COM 268648102 2472 90200 SH DFND 1 0 90200 0 EMPIRE DIST ELEC CO COM 291641108 3794 156000 SH SOLE 2, 3 156000 0 0 EMPIRE DIST ELEC CO COM 291641108 1046 43000 SH DFND 1 0 43000 0 ENDURANCE SPECIALTY HLDGS LT SHS G30397106 10405 193300 SH SOLE 3 193300 0 0 ENERGIZER HLDGS INC COM 29266R108 7012 69600 SH SOLE 2, 3 69600 0 0 ENERGIZER HLDGS INC COM 29266R108 2649 26300 SH DFND 1 0 26300 0 EXPEDIA INC DEL COM NEW 30212P303 9425 130000 SH Call SOLE 130000 0 0 FIRST AMERN FINL CORP COM 31847R102 4062 153000 SH SOLE 2, 3 153000 0 0 FIRST AMERN FINL CORP COM 31847R102 1500 56500 SH DFND 1 0 56500 0 FIRST CTZNS BANCSHARES INC N CL A 31946M103 313 1300 SH SOLE 1300 0 0 FIRST DEFIANCE FINL CORP COM 32006W106 1193 44000 SH SOLE 3 0 44000 0 FIRST INTERNET BANCORP COM 320557101 569 25000 SH SOLE 25000 0 0 FIRST SEC GROUP INC COM NEW 336312202 1248 600000 SH SOLE 600000 0 0 FIRSTENERGY CORP COM 337932107 20425 600201 SH SOLE 2, 3 600201 0 0 FIRSTENERGY CORP COM 337932107 6871 201900 SH DFND 1 0 201900 0 FORESTAR GROUP INC COM 346233109 9535 535700 SH SOLE 2, 3 535700 0 0 FORESTAR GROUP INC COM 346233109 3097 174000 SH DFND 1 0 174000 0 FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 9838 9200000 PRN SOLE 2, 3 9200000 0 0 FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 2754 2575000 PRN DFND 1 0 2575000 0 FOX CHASE BANCORP INC NEW COM 35137T108 2015 119555 SH SOLE 2, 3 119555 0 0 FOX CHASE BANCORP INC NEW COM 35137T108 259 15400 SH DFND 1 0 15400 0 FRANKLIN RES INC COM 354613101 21418 395307 SH SOLE 2, 3 395307 0 0 FRANKLIN RES INC COM 354613101 3890 71800 SH DFND 1 0 71800 0 GALLAGHER ARTHUR J & CO COM 363576109 4401 92500 SH SOLE 3 92500 0 0 GENERAL MLS INC COM 370334104 6928 133700 SH SOLE 2 133700 0 0 GENERAL MLS INC COM 370334104 2363 45600 SH DFND 1 0 45600 0 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 8088 2191800 SH SOLE 2, 3 2191800 0 0 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 2564 694900 SH DFND 1 0 694900 0 FULLER H B CO COM 359694106 4176 86500 SH SOLE 2, 3 86500 0 0 FULLER H B CO COM 359694106 1347 27900 SH DFND 1 0 27900 0 HAEMONETICS CORP COM 405024100 3083 94600 SH SOLE 3 94600 0 0 HCC INS HLDGS INC COM 404132102 1055 23200 SH SOLE 23200 0 0 HESS CORP COM 42809H107 47250 570100 SH SOLE 2, 3 570100 0 0 HESS CORP COM 42809H107 14363 173300 SH DFND 1 0 173300 0 HILLSHIRE BRANDS CO COM 432589109 15466 415080 SH SOLE 2, 3 0 0 0 HILLSHIRE BRANDS CO COM 432589109 4254 114180 SH DFND 1 0 0 0 HOLOGIC INC FRNT 2.000%12/1 436440AB7 6173 5400000 PRN SOLE 2, 3 5400000 0 0 HOLOGIC INC FRNT 2.000%12/1 436440AB7 1829 1600000 PRN DFND 1 0 1600000 0 HOME DEPOT INC COM 437076102 10936 138200 SH SOLE 2, 3 138200 0 0 HOME DEPOT INC COM 437076102 2746 34700 SH DFND 1 0 34700 0 HOMETRUST BANCSHARES INC COM 437872104 4912 311300 SH SOLE 3 311300 0 0 HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 1462 1125000 PRN SOLE 2, 3 1125000 0 0 HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 487 375000 PRN DFND 1 0 375000 0 HOSPIRA INC COM 441060100 5869 135700 SH SOLE 2, 3 135700 0 0 HOSPIRA INC COM 441060100 2206 51000 SH DFND 1 0 51000 0 HOWARD HUGHES CORP COM 44267D107 813 5700 SH SOLE 3 5700 0 0 HYATT HOTELS CORP COM CL A 448579102 8640 160565 SH SOLE 2, 3 160565 0 0 HYATT HOTELS CORP COM CL A 448579102 1959 36400 SH DFND 1 0 36400 0 ILLINOIS TOOL WKS INC COM 452308109 5018 61700 SH SOLE 2 61700 0 0 ILLINOIS TOOL WKS INC COM 452308109 3538 43500 SH DFND 1 0 43500 0 INFINITY PPTY & CAS CORP COM 45665Q103 5653 83592 SH SOLE 3 83592 0 0 INTERCONTINENTALEXCHANGE GRO COM 45866F104 2987 15100 SH SOLE 2, 3 15100 0 0 INTERCONTINENTALEXCHANGE GRO COM 45866F104 613 3100 SH DFND 1 0 3100 0 INTEROIL CORP NOTE 2.750%11/1 460951AC0 3841 3775000 PRN SOLE 2, 3 3775000 0 0 INTEROIL CORP NOTE 2.750%11/1 460951AC0 1145 1125000 PRN DFND 1 0 1125000 0 INVACARE CORP COM 461203101 5037 264127 SH SOLE 2, 3 264127 0 0 INVACARE CORP COM 461203101 1001 52500 SH DFND 1 0 52500 0 INVESCO LTD SHS G491BT108 20472 553300 SH SOLE 2, 3 553300 0 0 INVESCO LTD SHS G491BT108 5313 143600 SH DFND 1 0 143600 0 J & J SNACK FOODS CORP COM 466032109 2985 31100 SH SOLE 3 31100 0 0 JACK IN THE BOX INC COM 466367109 1096 18600 SH SOLE 3 18600 0 0 JANUS CAP GROUP INC NOTE 0.750% 7/1 47102XAH8 7712 6437000 PRN SOLE 2, 3 6437000 0 0 JANUS CAP GROUP INC NOTE 0.750% 7/1 47102XAH8 2164 1806000 PRN DFND 1 0 1806000 0 JOHNSON & JOHNSON COM 478160104 26660 271400 SH SOLE 2, 3 271400 0 0 JOHNSON & JOHNSON COM 478160104 10363 105500 SH DFND 1 0 105500 0 JPMORGAN CHASE & CO COM 46625H100 18966 312400 SH SOLE 2 312400 0 0 JPMORGAN CHASE & CO COM 46625H100 4644 76500 SH DFND 1 0 76500 0 KINROSS GOLD CORP COM NO PAR 496902404 2554 616900 SH SOLE 2, 3 616900 0 0 KINROSS GOLD CORP COM NO PAR 496902404 646 156000 SH DFND 1 0 156000 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 4127 3100000 SH SOLE 2, 3 3100000 0 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 1198 900000 SH DFND 1 0 900000 0 LANCASTER COLONY CORP COM 513847103 10439 105000 SH SOLE 2, 3 105000 0 0 LANCASTER COLONY CORP COM 513847103 3798 38200 SH DFND 1 0 38200 0 LANDSTAR SYS INC COM 515098101 3050 51500 SH SOLE 3 51500 0 0 LEGG MASON INC COM 524901105 31106 634300 SH SOLE 2, 3 634300 0 0 LEGG MASON INC COM 524901105 7856 160200 SH DFND 1 0 160200 0 LEUCADIA NATL CORP COM 527288104 17723 632962 SH SOLE 2, 3 632962 0 0 LEUCADIA NATL CORP COM 527288104 2934 104800 SH DFND 1 0 104800 0 LOCKHEED MARTIN CORP COM 539830109 7166 43900 SH SOLE 2 43900 0 0 LOCKHEED MARTIN CORP COM 539830109 1698 10400 SH DFND 1 0 10400 0 LOEWS CORP COM 540424108 21192 481100 SH SOLE 2, 3 481100 0 0 LOEWS CORP COM 540424108 6986 158600 SH DFND 1 0 158600 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 637 27000 SH SOLE 27000 0 0 MARSH & MCLENNAN COS INC COM 571748102 10693 216900 SH SOLE 2 216900 0 0 MARSH & MCLENNAN COS INC COM 571748102 2302 46700 SH DFND 1 0 46700 0 MATTHEWS INTL CORP CL A 577128101 1690 41400 SH SOLE 2, 3 41400 0 0 MATTHEWS INTL CORP CL A 577128101 763 18700 SH DFND 1 0 18700 0 MAXIM INTEGRATED PRODS INC COM 57772K101 5644 170400 SH SOLE 2, 3 170400 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 2600 78500 SH DFND 1 0 78500 0 MCDONALDS CORP COM 580135101 10891 111100 SH SOLE 2, 3 111100 0 0 MCDONALDS CORP COM 580135101 4166 42500 SH DFND 1 0 42500 0 MERCK & CO INC NEW COM 58933Y105 27309 481048 SH SOLE 2, 3 481048 0 0 MERCK & CO INC NEW COM 58933Y105 11047 194600 SH DFND 1 0 194600 0 MERCURY GENL CORP NEW COM 589400100 406 9000 SH SOLE 9000 0 0 METLIFE INC COM 59156R108 10140 192051 SH SOLE 2, 3 192051 0 0 METLIFE INC COM 59156R108 2080 39400 SH DFND 1 0 39400 0 METRO BANCORP INC PA COM 59161R101 830 39280 SH SOLE 3 39280 0 0 MICROSOFT CORP COM 594918104 14387 351000 SH SOLE 2, 3 351000 0 0 MICROSOFT CORP COM 594918104 4099 100000 SH DFND 1 0 100000 0 MONDELEZ INTL INC CL A 609207105 2360 68300 SH SOLE 2 68300 0 0 MONDELEZ INTL INC CL A 609207105 1669 48300 SH DFND 1 0 48300 0 MONSTER BEVERAGE CORP COM 611740101 3993 57500 SH SOLE 2, 3 57500 0 0 MONSTER BEVERAGE CORP COM 611740101 778 11200 SH DFND 1 0 11200 0 MONTPELIER RE HOLDINGS LTD SHS G62185106 3681 123700 SH SOLE 2, 3 123700 0 0 MONTPELIER RE HOLDINGS LTD SHS G62185106 804 27000 SH DFND 1 0 27000 0 MURPHY OIL CORP COM 626717102 19644 312500 SH SOLE 2, 3 312500 0 0 MURPHY OIL CORP COM 626717102 8398 133600 SH DFND 1 0 133600 0 NAVIGATORS GROUP INC COM 638904102 688 11200 SH SOLE 11200 0 0 NETAPP INC COM 64110D104 5941 161000 SH SOLE 2, 3 161000 0 0 NETAPP INC COM 64110D104 1517 41100 SH DFND 1 0 41100 0 WESTFIELD FINANCIAL INC NEW COM 96008P104 1781 239000 SH SOLE 3 239000 0 0 NEWMONT MINING CORP COM 651639106 15452 659200 SH SOLE 2, 3 659200 0 0 NEWMONT MINING CORP COM 651639106 4130 176200 SH DFND 1 0 176200 0 NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 14311 13525000 PRN SOLE 2, 3 13525000 0 0 NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 4206 3975000 PRN DFND 1 0 3975000 0 NOODLES & CO CL A 65540B105 197 5000 SH SOLE 3 5000 0 0 NORTHGATE MINERALS CORP NOTE 3.500%10/0 666416AB8 4787 4625000 PRN SOLE 2, 3 4625000 0 0 NORTHGATE MINERALS CORP NOTE 3.500%10/0 666416AB8 1423 1375000 PRN DFND 1 0 1375000 0 NORTHROP GRUMMAN CORP COM 666807102 8452 68500 SH SOLE 2, 3 68500 0 0 NORTHROP GRUMMAN CORP COM 666807102 1937 15700 SH DFND 1 0 15700 0 NRG ENERGY INC COM NEW 629377508 14603 459214 SH SOLE 2, 3 459214 0 0 NRG ENERGY INC COM NEW 629377508 4410 138674 SH DFND 1 0 138674 0 OCEAN SHORE HLDG CO NEW COM 67501R103 717 50395 SH SOLE 3 50395 0 0 OCEANFIRST FINL CORP COM 675234108 3844 217300 SH SOLE 3 217300 0 0 OMNIAMERICAN BANCORP INC COM 68216R107 3535 155100 SH SOLE 2, 3 155100 0 0 OMNIAMERICAN BANCORP INC COM 68216R107 889 39022 SH DFND 1 0 39022 0 ORITANI FINL CORP DEL COM 68633D103 10456 661376 SH SOLE 2, 3 661376 0 0 ORITANI FINL CORP DEL COM 68633D103 2089 132100 SH DFND 1 0 132100 0 PACWEST BANCORP DEL COM 695263103 5514 128200 SH SOLE 2, 3 128200 0 0 PACWEST BANCORP DEL COM 695263103 1970 45800 SH DFND 1 0 45800 0 PARKWAY PPTYS INC COM 70159Q104 6959 381297 SH SOLE 2, 3 381297 0 0 PARKWAY PPTYS INC COM 70159Q104 1049 57500 SH DFND 1 0 57500 0 PATTERSON COMPANIES INC COM 703395103 10870 260300 SH SOLE 2, 3 260300 0 0 PATTERSON COMPANIES INC COM 703395103 2142 51300 SH DFND 1 0 51300 0 PAYCHEX INC COM 704326107 11664 273800 SH SOLE 2, 3 273800 0 0 PAYCHEX INC COM 704326107 4273 100300 SH DFND 1 0 100300 0 PEOPLES FED BANCSHARES INC COM 711037101 1851 103380 SH SOLE 3 103380 0 0 PEPCO HOLDINGS INC COM 713291102 3623 176900 SH SOLE 2, 3 176900 0 0 PEPCO HOLDINGS INC COM 713291102 1090 53200 SH DFND 1 0 53200 0 PEPSICO INC COM 713448108 13343 159800 SH SOLE 2, 3 159800 0 0 PEPSICO INC COM 713448108 3983 47700 SH DFND 1 0 47700 0 PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1452 110000 SH SOLE 110000 0 0 PFIZER INC COM 717081103 6170 192100 SH SOLE 2, 3 192100 0 0 PFIZER INC COM 717081103 1850 57600 SH DFND 1 0 57600 0 PHH CORP COM NEW 693320202 10760 416400 SH SOLE 2, 3 416400 0 0 PHH CORP COM NEW 693320202 4519 174900 SH DFND 1 0 174900 0 PHH CORP NOTE 4.000% 9/0 693320AN3 14797 13725000 PRN SOLE 2, 3 13725000 0 0 PHH CORP NOTE 4.000% 9/0 693320AN3 3531 3275000 PRN DFND 1 0 3275000 0 PICO HLDGS INC COM NEW 693366205 2344 90200 SH SOLE 3 90200 0 0 PLATINUM UNDERWRITER HLDGS L COM G7127P100 11603 193062 SH SOLE 2, 3 193062 0 0 PLATINUM UNDERWRITER HLDGS L COM G7127P100 240 4000 SH DFND 1 0 4000 0 POST PPTYS INC COM 737464107 19915 405600 SH SOLE 2, 3 405600 0 0 POST PPTYS INC COM 737464107 7223 147100 SH DFND 1 0 147100 0 PPL CORP COM 69351T106 2154 65000 SH Call SOLE 65000 0 0 PPL CORP COM 69351T106 497 15000 SH Call SOLE 15000 0 0 PPL CORP COM 69351T106 746 22500 SH Call SOLE 22500 0 0 PROASSURANCE CORP COM 74267C106 7944 178400 SH SOLE 178400 0 0 PROCTER & GAMBLE CO COM 742718109 14629 181496 SH SOLE 2 181496 0 0 PROCTER & GAMBLE CO COM 742718109 5690 70600 SH DFND 1 0 70600 0 PROGRESSIVE CORP OHIO COM 743315103 8816 364000 SH SOLE 3 364000 0 0 PSB HLDGS INC COM 69360W108 338 50381 SH SOLE 50381 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 15248 399800 SH SOLE 2, 3 399800 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 4665 122300 SH DFND 1 0 122300 0 RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 16172 16450000 PRN SOLE 2, 3 16450000 0 0 RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 4473 4550000 PRN DFND 1 0 4550000 0 RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 3307 3100000 PRN SOLE 2, 3 3100000 0 0 RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 960 900000 PRN DFND 1 0 900000 0 SAFETY INS GROUP INC COM 78648T100 3527 65500 SH SOLE 65500 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1765 100000 SH SOLE 100000 0 0 SANOFI SPONSORED ADR 80105N105 14931 285600 SH SOLE 2, 3 285600 0 0 SANOFI SPONSORED ADR 80105N105 5772 110400 SH DFND 1 0 110400 0 SCIENCE APPLICATNS INTL CP N COM 808625107 5122 137000 SH SOLE 2 137000 0 0 SCIENCE APPLICATNS INTL CP N COM 808625107 247 6600 SH DFND 1 0 6600 0 SI FINL GROUP INC MD COM 78425V104 467 41400 SH SOLE 3 41400 0 0 SIBANYE GOLD LTD SPONSORED ADR 825724206 2505 300775 SH SOLE 2, 3 300775 0 0 SIBANYE GOLD LTD SPONSORED ADR 825724206 766 91975 SH DFND 1 0 91975 0 SILGAN HOLDINGS INC COM 827048109 6715 135600 SH SOLE 2, 3 135600 0 0 SILGAN HOLDINGS INC COM 827048109 2446 49400 SH DFND 1 0 49400 0 SPDR GOLD TRUST GOLD SHS 78463V107 1669 13500 SH SOLE 2, 3 13500 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 396 3200 SH DFND 1 0 3200 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 20088 107400 SH SOLE 107400 0 0 STATE AUTO FINL CORP COM 855707105 14129 663000 SH SOLE 2, 3 663000 0 0 STATE AUTO FINL CORP COM 855707105 4899 229900 SH DFND 1 0 229900 0 STATE STR CORP COM 857477103 4409 63400 SH SOLE 63400 0 0 SUNCOR ENERGY INC NEW COM 867224107 3667 104900 SH SOLE 2 104900 0 0 SUNCOR ENERGY INC NEW COM 867224107 2482 71000 SH DFND 1 0 71000 0 SYMETRA FINL CORP COM 87151Q106 38100 1922300 SH SOLE 1922300 0 0 SYSCO CORP COM 871829107 5716 158200 SH SOLE 2, 3 158200 0 0 SYSCO CORP COM 871829107 2171 60100 SH DFND 1 0 60100 0 TALISMAN ENERGY INC COM 87425E103 17481 1751600 SH SOLE 2, 3 1751600 0 0 TALISMAN ENERGY INC COM 87425E103 6914 692800 SH DFND 1 0 692800 0 TECO ENERGY INC COM 872375100 5613 327300 SH SOLE 2, 3 327300 0 0 TECO ENERGY INC COM 872375100 1513 88200 SH DFND 1 0 88200 0 TELEPHONE & DATA SYS INC COM NEW 879433829 15637 596600 SH SOLE 2, 3 596600 0 0 TELEPHONE & DATA SYS INC COM NEW 879433829 5730 218600 SH DFND 1 0 218600 0 PNC FINL SVCS GROUP INC COM 693475105 14468 166300 SH SOLE 2 166300 0 0 PNC FINL SVCS GROUP INC COM 693475105 3950 45400 SH DFND 1 0 45400 0 TOOTSIE ROLL INDS INC COM 890516107 13926 465127 SH SOLE 2, 3 465127 0 0 TOOTSIE ROLL INDS INC COM 890516107 4880 162977 SH DFND 1 0 162977 0 TYCO INTERNATIONAL LTD SHS H89128104 6144 144900 SH SOLE 2, 3 144900 0 0 TYCO INTERNATIONAL LTD SHS H89128104 3201 75500 SH DFND 1 0 75500 0 UIL HLDG CORP COM 902748102 1612 43800 SH SOLE 3 43800 0 0 UNITED FINANCIAL BANCORP INC COM 91030T109 4585 249300 SH SOLE 2, 3 249300 0 0 UNITED FINANCIAL BANCORP INC COM 91030T109 1593 86600 SH DFND 1 0 86600 0 UNITED STATES LIME & MINERAL COM 911922102 809 14361 SH SOLE 3 14361 0 0 UNUM GROUP COM 91529Y106 1405 39800 SH SOLE 39800 0 0 US BANCORP DEL COM NEW 902973304 5267 122900 SH SOLE 2 122900 0 0 US BANCORP DEL COM NEW 902973304 1282 29900 SH DFND 1 0 29900 0 VERISIGN INC COM 92343E102 6151 114100 SH SOLE 2, 3 114100 0 0 VERISIGN INC COM 92343E102 2340 43400 SH DFND 1 0 43400 0 WALGREEN CO COM 931422109 12103 183300 SH SOLE 2, 3 183300 0 0 WALGREEN CO COM 931422109 4701 71200 SH DFND 1 0 71200 0 WAL-MART STORES INC COM 931142103 28868 377700 SH SOLE 2, 3 377700 0 0 WAL-MART STORES INC COM 931142103 9615 125800 SH DFND 1 0 125800 0 WASHINGTON TR BANCORP COM 940610108 1270 33900 SH SOLE 3 33900 0 0 WELLPOINT INC COM 94973V107 13489 135500 SH SOLE 2, 3 135500 0 0 WELLPOINT INC COM 94973V107 2608 26200 SH DFND 1 0 26200 0 WHITE MTNS INS GROUP LTD COM G9618E107 29995 50000 SH SOLE 50000 0 0 WILLIAMS CLAYTON ENERGY INC COM 969490101 13866 122700 SH SOLE 2, 3 122700 0 0 WILLIAMS CLAYTON ENERGY INC COM 969490101 5232 46300 SH DFND 1 0 46300 0 WPX ENERGY INC COM 98212B103 4333 240300 SH SOLE 2, 3 240300 0 0 WPX ENERGY INC COM 98212B103 1533 85000 SH DFND 1 0 85000 0 XEROX CORP COM 984121103 4970 439800 SH SOLE 2, 3 439800 0 0 XEROX CORP COM 984121103 1865 165000 SH DFND 1 0 165000 0 XILINX INC COM 983919101 9258 170600 SH SOLE 2, 3 170600 0 0 XILINX INC COM 983919101 1867 34400 SH DFND 1 0 34400 0 XL GROUP PLC SHS G98290102 19644 628600 SH SOLE 2, 3 628600 0 0 XL GROUP PLC SHS G98290102 1403 44900 SH DFND 1 0 44900 0 XYLEM INC COM 98419M100 2080 57100 SH SOLE 3 57100 0 0