13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/2012 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: F&C Asset Management plc Address: 80 George Street Edinburgh EH2 3BU Scotland, UK Form 13F File Number: 028-11312 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: Marrack Tonkin Title: Company Secretary Phone: 44 131 718 1247 Signature, Place, and Date of Signing: /s/ Marrack Tonkin Edinburgh, Scotland 4/30/2012 --------------------------------- --------------------------------- ---------- [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: 667 Form 13F Information Table Value Total: $ 6,078,761 -------------- (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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- 3M USD.01 88579Y101 41644 466805 SH SOLE N/A 466805 0 0 A O SMITH CORPORATION COM 831865209 11238 250000 SH SOLE N/A 250000 0 0 ABB NPV ADR 000375204 1298 63600 SH SOLE N/A 63600 0 0 ABBOTT LABORATORIES NPV 002824100 28296 461668 SH SOLE N/A 461668 0 0 ACCENTURE USD0.00002 G1151C101 56873 881753 SH SOLE N/A 881753 0 0 CLASS A ACE CHF30.57 H0023R105 44677 610344 SH SOLE N/A 610344 0 0 ACI WORLDWIDE USD0.005 004498101 11605 288260 SH SOLE N/A 288260 0 0 ADOBE SYSTEMS USD0.0001 00724F101 5585 162783 SH SOLE N/A 162783 0 0 ADVANCED MICRO DEVICES USD0.01 007903107 138 17216 SH SOLE N/A 17216 0 0 AECOM TECHNOLOGY COM 00766T100 653 29192 SH SOLE N/A 29192 0 0 AES CORPORATION USD0.01 00130H105 373 28511 SH SOLE N/A 28511 0 0 AETNA USD.01 00817Y108 11760 234454 SH SOLE N/A 234454 0 0 AFLAC USD0.1 001055102 616 13393 SH SOLE N/A 13393 0 0 AGCO CORP 1.250% CONV 001084AM4 7107 5565000 PRN SOLE N/A 5565000 0 0 15/12/36 AGCO CORP USD 0.01 001084102 3326 70464 SH SOLE N/A 70464 0 0 AGILENT TECHNOLOGIES USD0.01 00846U101 23161 520354 SH SOLE N/A 520354 0 0 AGRIUM NPV 008916108 1727 20000 SH SOLE N/A 20000 0 0 AIR PRODUCTS & CHEMICALS USD1 009158106 3271 35637 SH SOLE N/A 35637 0 0 AIRGAS USD0.01 009363102 14871 167144 SH SOLE N/A 167144 0 0 ALCOA INC USD1 013817101 267 26680 SH SOLE N/A 26680 0 0 ALEXION PHARMACEUTICALS USD0.0001 015351109 3250 35000 SH SOLE N/A 35000 0 0 ALLEGHANY USD1.00 017175100 10973 33342 SH SOLE N/A 33342 0 0 ALLEGHENY TECH 4.250% CONV 01741RAD4 6108 4850000 PRN SOLE N/A 4850000 0 0 01/06/14 ALLEGHENY TECHNOLOGIES USD0.10 01741R102 5876 142732 SH SOLE N/A 142732 0 0 ALLERGAN USD0.01 018490102 3790 39712 SH SOLE N/A 39712 0 0 ALLSTATE CORP USD0.01 020002101 6715 203969 SH SOLE N/A 203969 0 0 ALPHA NATURAL RESOURCES USD0.01 02076X102 221 14502 SH SOLE N/A 14502 0 0 ALTERA CORPORATION USD0.001 021441100 1276 32037 SH SOLE N/A 32037 0 0 ALTRIA GROUP USD0.333 02209S103 9272 300349 SH SOLE N/A 300349 0 0 AMAZON.COM USD.01 023135106 68885 340156 SH SOLE N/A 340156 0 0 AMDOCS GBP0.01 G02602103 23860 755532 SH SOLE N/A 755532 0 0 AMERICA MOVIL SAB DE CV ADR 02364W105 12587 506935 SH SOLE N/A 506935 0 0 AMERICAN ELECTRIC POWER USD6.5 025537101 2495 64662 SH SOLE N/A 64662 0 0 AMERICAN EXPRESS USD0.20 025816109 17898 309379 SH SOLE N/A 309379 0 0 AMERICAN INTERNATIONAL GROUP USD 2.5 026874784 458 14847 SH SOLE N/A 14847 0 0 AMERICAN RAILCAR IND USD0.01 02916P103 7858 334244 SH SOLE N/A 334244 0 0 AMERICAN STATES WATER CO NPV 029899101 4518 125000 SH SOLE N/A 125000 0 0 AMERICAN TOWER CORP NEW COM 03027X100 8503 134954 SH SOLE N/A 134954 0 0 AMERICAN WATER WORKS CO INC USD0.01 030420103 12724 373891 SH SOLE N/A 373891 0 0 AMERICAS CAR MART USD0.01 03062T105 14432 328222 SH SOLE N/A 328222 0 0 AMERIPRISE FINANCIAL USD0.01 03076C106 2038 35679 SH SOLE N/A 35679 0 0 AMERISOURCEBERGEN USD.01 03073E105 946 23844 SH SOLE N/A 23844 0 0 AMERITRADE HOLDING USD0.01 87236Y108 582 29500 SH SOLE N/A 29500 0 0 AMGEN 0.375% CONV 031162AQ3 17675 17320000 PRN SOLE N/A 17320000 0 0 01/02/13 AMGEN INC USD0.0001 031162100 2401 35331 SH SOLE N/A 35331 0 0 AMPHENOL CORP USD.001 CLASS 032095101 283 4741 SH SOLE N/A 4741 0 0 A ANADARKO PETROLEUM USD0.1 032511107 1097 14006 SH SOLE N/A 14006 0 0 ANALOG DEVICES USD0.167 032654105 327 8085 SH SOLE N/A 8085 0 0 ANDERSONS NPV 034164103 11365 233555 SH SOLE N/A 233555 0 0 ANGLOGOLD ASHANTI ADR 035128206 2055 55661 SH SOLE N/A 55661 0 0 AON CORP USD1 037389103 406 8283 SH SOLE N/A 8283 0 0 APACHE USD0.625 037411105 2161 21517 SH SOLE N/A 21517 0 0 APPLE INC NPV 037833100 208929 348529 SH SOLE N/A 348529 0 0 APPLIED MATERIALS USD0.01 038222105 5576 448242 SH SOLE N/A 448242 0 0 AQUA AMERICA USD0.50 03836W103 11145 500000 SH SOLE N/A 500000 0 0 ARCELORMITTAL 5.000% CONV 03938LAK0 14563 13280000 PRN SOLE N/A 13280000 0 0 15/05/14 ARCH COAL USD0.01 039380100 854 79700 SH SOLE N/A 79700 0 0 ARCHER DANIELS 0.875% CONV 039483AW2 1207 1180000 PRN SOLE N/A 1180000 0 0 15/02/14 ARCHER-DANIELS-MIDLAND NPV 039483102 1012 31971 SH SOLE N/A 31971 0 0 ASML HOLDINGS NY REG SHS N07059186 44876 1599359 SH SOLE N/A 1599359 0 0 ASSURANT USD0.01 04621X108 273 6734 SH SOLE N/A 6734 0 0 ASTEC INDUSTRIES USD0.20 046224101 8579 235232 SH SOLE N/A 235232 0 0 AT&T USD1 00206R102 14009 448715 SH SOLE N/A 448715 0 0 ATLANTIC TELE NETWORK USD.01 049079205 11827 325274 SH SOLE N/A 325274 0 0 AUTODESK USD0.01 052769106 2450 57882 SH SOLE N/A 57882 0 0 AUTOMATIC DATA PROCESSING USD0.1 053015103 791 14340 SH SOLE N/A 14340 0 0 AUTOZONE USD0.01 053332102 283 762 SH SOLE N/A 762 0 0 AVALONBAY COMMUNITY USD0.01 REITS 053484101 519 3675 SH SOLE N/A 3675 0 0 AVON PRODUCTS USD0.25 054303102 217 11202 SH SOLE N/A 11202 0 0 AXIS CAPITAL HOLDINGS USD0.125 G0692U109 7079 213423 SH SOLE N/A 213423 0 0 BAIDU INC SPON ADR 056752108 9694 66500 SH SOLE N/A 66500 0 0 BAKER HUGHES USD1.00 057224107 465 11084 SH SOLE N/A 11084 0 0 BALL NPV 058498106 2822 65802 SH SOLE N/A 65802 0 0 BANCO BRADESCO NPV ADR 059460303 30471 1742182 SH SOLE N/A 1742182 0 0 BANCO SANTANDER BRASIL NPV ADR 05967A107 500 54500 SH SOLE N/A 54500 0 0 BANCO SANTANDER CENTRAL HISPANO ADR 05964H105 1149 150000 SH SOLE N/A 150000 0 0 BANCO SANTANDER CHILE ADR 05965X109 24215 281279 SH SOLE N/A 281279 0 0 BANCOLOMBIA SPONS NPV ADR 05968L102 3069 47471 SH SOLE N/A 47471 0 0 BANK OF AMERICA USD0.01 060505104 9071 948806 SH SOLE N/A 948806 0 0 BANK OF NEW YORK MELLON USD7.5 064058100 35675 1479044 SH SOLE N/A 1479044 0 0 BARCLAYS ADR 06738E204 1136 75000 SH SOLE N/A 75000 0 0 BARD C.R. USD0.25 067383109 214 2169 SH SOLE N/A 2169 0 0 BAXTER INTERNATIONAL USD1 071813109 16586 277456 SH SOLE N/A 277456 0 0 BB&T CORPORATION USD5 054937107 599 19074 SH SOLE N/A 19074 0 0 BEAM INC COM 073730103 261 4453 SH SOLE N/A 4453 0 0 BECTON DICKINSON USD1 075887109 431 5547 SH SOLE N/A 5547 0 0 BED BATH & BEYOND USD0.01 075896100 1797 27327 SH SOLE N/A 27327 0 0 BERKSHIRE HATHAWAY INC USD0.0033 084670702 3877 47776 SH SOLE N/A 47776 0 0 BIOGEN IDEC USD0.0005 09062X103 7268 57680 SH SOLE N/A 57680 0 0 BK OF AMERICA 7.250% SER L 060505682 30559 31279 PRN SOLE N/A 31279 0 0 31/12/49
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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- BLACKROCK INC USD0.01 09247X101 8244 40233 SH SOLE N/A 40233 0 0 BOEING USD5 097023105 4351 58503 SH SOLE N/A 58503 0 0 BOSTON PROPERTIES 3.750% CONV 10112RAG9 1005 875000 PRN SOLE N/A 875000 0 0 15/05/36 BOSTON PROPERTIES USD0.01 REITS 101121101 478 4553 SH SOLE N/A 4553 0 0 BOSTON SCIENTIFIC USD0.01 101137107 244 40830 SH SOLE N/A 40830 0 0 BOTTOMLINE TECHNOLOGIES USD0.001 101388106 10527 376771 SH SOLE N/A 376771 0 0 BP ADR 055622104 6609 146870 SH SOLE N/A 146870 0 0 BRASIL FOODS SA ADR 10552T107 4386 219200 SH SOLE N/A 219200 0 0 BRISTOL-MYERS SQUIBB USD0.10 110122108 2935 86955 SH SOLE N/A 86955 0 0 BRITISH AMERICAN TOBACCO ADR 110448107 2126 21000 SH SOLE N/A 21000 0 0 BROADCOM CORPORATION USD0.0001 A 111320107 6002 152716 SH SOLE N/A 152716 0 0 SHARES BROWN-FORMAN USD0.15 115637209 225 2693 SH SOLE N/A 2693 0 0 BUNGE USD0.01 G16962105 10993 160672 SH SOLE N/A 160672 0 0 CABLEVISION SYSTEMS NY USD0.01 A 12686C109 8288 564586 SH SOLE N/A 564586 0 0 SHARES CADIZ LTD USD0.01 127537207 920 100000 SH SOLE N/A 100000 0 0 CALIFORNIA WATER SERVICE USD0.01 130788102 911 50000 SH SOLE N/A 50000 0 0 CAMECO CORP NPV 13321L108 322 15000 SH SOLE N/A 15000 0 0 CAMERON INTL USD0.01 13342B105 2849 53930 SH SOLE N/A 53930 0 0 CAMPBELL SOUP USD0.0375 134429109 3331 98420 SH SOLE N/A 98420 0 0 CANADIAN NAT RAILWAY COM 136375102 237 3000 SH SOLE N/A 3000 0 0 CANADIAN PACIFIC COM 13645T100 248 3292 SH SOLE N/A 3292 0 0 CAPITAL ONE FINANCIAL USD0.01 14040H105 13607 244115 SH SOLE N/A 244115 0 0 CARDINAL FINANCIAL USD1 14149F109 8379 741505 SH SOLE N/A 741505 0 0 CARDINAL HEALTH NPV 14149Y108 13432 311580 SH SOLE N/A 311580 0 0 CARNIVAL CORP USD.01 143658300 10031 312686 SH SOLE N/A 312686 0 0 CATERPILLAR USD1.00 149123101 17219 161648 SH SOLE N/A 161648 0 0 CBD PAO DE ACUCAR CIA ADR PREF SHS 20440T201 939 19728 SH SOLE N/A 19728 0 0 CBS CORP B SHARES USD0.01 124857202 571 16831 SH SOLE N/A 16831 0 0 CELGENE USD0.01 151020104 6138 79179 SH SOLE N/A 79179 0 0 CEMENTOS PACASMAYO ADR 15126Q109 1495 130000 SH SOLE N/A 130000 0 0 CEMEX SAB DE C 4.875% CV 151290AV5 6720 7100000 PRN SOLE N/A 7100000 0 0 15/03/15 CEMEX SAB SPONSORED ADR NPV 151290889 914 117900 SH SOLE N/A 117900 0 0 CEMIG ADR 204409601 2878 121020 SH SOLE N/A 121020 0 0 CENTREPOINT ENERGY NPV 15189T107 207 10520 SH SOLE N/A 10520 0 0 CENTURYLINK INC USD1 156700106 703 18199 SH SOLE N/A 18199 0 0 CERNER USD0.01 156782104 511 6710 SH SOLE N/A 6710 0 0 CF INDUSTRIES USD0.01 125269100 9514 52086 SH SOLE N/A 52086 0 0 CH ROBINSON USD0.1 12541W209 312 4758 SH SOLE N/A 4758 0 0 CHARLES SCHWAB USD0.01 808513105 440 30629 SH SOLE N/A 30629 0 0 CHART INDUSTRIES INC USD 0.01 16115Q308 367 5000 SH SOLE N/A 5000 0 0 CHENIERE ENERGY INC COM NEW 16411R208 749 50000 SH SOLE N/A 50000 0 0 CHESAPEAKE ENERGY 2.750% CONV 165167BW6 14030 14029000 PRN SOLE N/A 14029000 0 0 15/11/35 CHESAPEAKE ENERGY USD0.01 165167107 387 16702 SH SOLE N/A 16702 0 0 CHEVRON CORPORTION USD0.75 166764100 33032 308024 SH SOLE N/A 308024 0 0 CHICAGO BRIDGE AND IRON USD0.01 167250109 2160 50000 SH SOLE N/A 50000 0 0 CHINA MOBILE (HONG KONG) SPONSORED ADR 16941M109 5621 102050 SH SOLE N/A 102050 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 3450 8254 SH SOLE N/A 8254 0 0 CHUBB CORPORATION USD1 171232101 3946 57093 SH SOLE N/A 57093 0 0 CHURCH & DWIGHT CO COM 171340102 1646 33464 SH SOLE N/A 33464 0 0 CIA SANEAMENTO BASICO DE ESTADO ADR 20441A102 9537 124474 SH SOLE N/A 124474 0 0 CIGNA USD0.25 125509109 354 7192 SH SOLE N/A 7192 0 0 CISCO SYSTEMS USD0.001 17275R102 6996 330800 SH SOLE N/A 330800 0 0 CITIGROUP INC NEW 172967424 22059 603525 SH SOLE N/A 603525 0 0 CITRIX SYSTEMS USD.001 177376100 404 5120 SH SOLE N/A 5120 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 27627 398890 SH SOLE N/A 398890 0 0 CLOROX COMPANY USD1 189054109 259 3771 SH SOLE N/A 3771 0 0 CME GROUP USD0.01 12572Q105 575 1989 SH SOLE N/A 1989 0 0 CMS ENERGY USD0.01 125896100 397 18072 SH SOLE N/A 18072 0 0 CNOOC ADR NPV 126132109 1103 5400 SH SOLE N/A 5400 0 0 COACH USD0.01 189754104 7255 93883 SH SOLE N/A 93883 0 0 COCA COLA USD0.25 19122T109 13448 470205 SH SOLE N/A 470205 0 0 COCA COLA ENTERPRISES USD1 191216100 11010 148764 SH SOLE N/A 148764 0 0 CODEXIS INC USD0.0001 192005106 364 100000 SH SOLE N/A 100000 0 0 COGENT COMMUNICATION GROUP USD0.001 19239V302 572 30000 SH SOLE N/A 30000 0 0 COGNIZANT TECH SOLUTIONS USD.01 192446102 662 8603 SH SOLE N/A 8603 0 0 COLGATE PALMOLIVE USD1 194162103 10060 102880 SH SOLE N/A 102880 0 0 COMCAST CORP USD1 SPECIAL 20030N200 59111 2003749 SH SOLE N/A 2003749 0 0 CLASS A COMCAST CORPORATION USD0.01 CLASS 20030N101 44662 1488223 SH SOLE N/A 1488223 0 0 A COMPANHIA DE BEBIDAS DAS AMERICAS ADR 20441W203 24554 594519 SH SOLE N/A 594519 0 0 AMBEV PRF COMPANHIA ENERGETICA DE MINAS GERAIS ADR 204409882 12376 603695 SH SOLE N/A 603695 0 0 COMPUTER ASSOCIATES INTL USD0.1 12673P105 1394 50575 SH SOLE N/A 50575 0 0 CONAGRA FOODS USD5.00 205887102 2816 107230 SH SOLE N/A 107230 0 0 CONCHO RESOURCES INC USD0.001 20605P101 2378 23300 SH SOLE N/A 23300 0 0 CONN'S USD0.01 208242107 16510 1075563 SH SOLE N/A 1075563 0 0 CONOCOPHILLIPS USD0.01 20825C104 74389 978677 SH SOLE N/A 978677 0 0 CONSOLIDATED EDISON USD0.10 209115104 756 12939 SH SOLE N/A 12939 0 0 COOPER INDUSTRIES USD0.01 A G24140108 249 3900 SH SOLE N/A 3900 0 0 SHARES COPEL PFB ADR 20441B407 4467 190000 SH SOLE N/A 190000 0 0 CORNING USD0.50 219350105 11393 809191 SH SOLE N/A 809191 0 0 COSAN LIMITED CLASS A SHARES G25343107 5198 350000 SH SOLE N/A 350000 0 0 COSTCO WHOLESALE USD0.005 22160K105 23724 261274 SH SOLE N/A 261274 0 0 COVANCE USD.01 222816100 419 8800 SH SOLE N/A 8800 0 0 COVIDIEN PLC SHS G2554F113 6713 122778 SH SOLE N/A 122778 0 0 CRA INTERNATIONAL NPV 12618T105 9352 370836 SH SOLE N/A 370836 0 0 CRAWFORD & COMPANY USD1 CL B 224633107 5261 1073636 SH SOLE N/A 1073636 0 0 CRESUD SA SPONS ADR 226406106 692 56172 SH SOLE N/A 56172 0 0 CROWN CASTLE INTERNATIONAL USD0.01 228227104 20731 388659 SH SOLE N/A 388659 0 0 CSN ADR 20440W105 2086 220700 SH SOLE N/A 220700 0 0 CSX CORPORATION USD1.00 126408103 2569 119375 SH SOLE N/A 119375 0 0 CUMMINS USD2.5 231021106 9467 78868 SH SOLE N/A 78868 0 0 CVS CAREMARK CORP USD0.01 126650100 18195 406148 SH SOLE N/A 406148 0 0 DANAHER CORP 0.000% CONV 235851AF9 17900 11010000 PRN SOLE N/A 11010000 0 0 22/01/21 DANAHER CORPORATION USD0.01 235851102 23542 420384 SH SOLE N/A 420384 0 0 DAVITA USD0.001 23918K108 23072 255867 SH SOLE N/A 255867 0 0
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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- DEERE & COMPANY USD1 244199105 3889 48069 SH SOLE N/A 48069 0 0 DELL USD0.01 24702R101 16423 989943 SH SOLE N/A 989943 0 0 DELTA AIR LINES INC USD0.0001 247361702 7847 791828 SH SOLE N/A 791828 0 0 DENBURY RESOURCES USD0.001 247916208 189 10368 SH SOLE N/A 10368 0 0 DENTSPLY INTERNATIONAL USD.01 249030107 9107 226935 SH SOLE N/A 226935 0 0 DESARROLLADORA HOMEX NPV ADR 25030W100 646 34444 SH SOLE N/A 34444 0 0 DEVON ENERGY USD.1 25179M103 850 11949 SH SOLE N/A 11949 0 0 DEVRY USD0.01 251893103 6731 198741 SH SOLE N/A 198741 0 0 DIAGEO SPONSORED ADR 25243Q205 10326 107000 SH SOLE N/A 107000 0 0 DIAMOND OFFSHORE DRILLING USD0.01 25271C102 1281 19189 SH SOLE N/A 19189 0 0 DIRECTTV CLASS A 25490A101 11931 241806 SH SOLE N/A 241806 0 0 DISCOVER FINANCIAL USD0.01 254709108 7942 238202 SH SOLE N/A 238202 0 0 DISCOVERY COMMS NPV SER C 25470F302 2839 60550 SH SOLE N/A 60550 0 0 DISCOVERY COMMUNICATIONS USD0.01 NEW 25470F104 379 7489 SH SOLE N/A 7489 0 0 COM A DISH NETWORK USD0.01 25470M109 1805 54800 SH SOLE N/A 54800 0 0 DOCTOR REDDY'S LABORATORIES ADR 256135203 521 15070 SH SOLE N/A 15070 0 0 DOLLAR TREE STORES USD0.01 256746108 586 6200 SH SOLE N/A 6200 0 0 DOMINION 2.125% CONV 25746UAT6 8537 5771000 PRN SOLE N/A 5771000 0 0 15/12/23 DOMINION RESOURCES INC NPV 25746U109 4259 83164 SH SOLE N/A 83164 0 0 DOVER CORPORATION USD1 260003108 326 5172 SH SOLE N/A 5172 0 0 DOW CHEMICAL USD2.5 260543103 1169 33737 SH SOLE N/A 33737 0 0 DR HORTON 2.000% CONV 23331ABB4 5721 4400000 PRN SOLE N/A 4400000 0 0 15/05/14 DR PEPPER SNAPPLE USD0.01 26138E109 249 6196 SH SOLE N/A 6196 0 0 DTE ENERGY COMPANY NPV 233331107 18597 338003 SH SOLE N/A 338003 0 0 DU PONT (E.I) DE NEMOURS USD0.3 263534109 1960 37060 SH SOLE N/A 37060 0 0 DUKE ENERGY NPV 26441C105 1090 51896 SH SOLE N/A 51896 0 0 EATON CORPORATION USD0.5 278058102 416 8350 SH SOLE N/A 8350 0 0 EBAY USD.001 278642103 57093 1547243 SH SOLE N/A 1547243 0 0 ECOLAB USD1 278865100 1015 16448 SH SOLE N/A 16448 0 0 ECOPETROL SA SPONSORED ADR 279158109 5670 92808 SH SOLE N/A 92808 0 0 EDISON INTERNATIONAL NPV 281020107 586 13795 SH SOLE N/A 13795 0 0 EDWARDS LIFESCIENCES CORP COM 28176E108 594 8161 SH SOLE N/A 8161 0 0 EL PASO USD3 28336L109 596 20171 SH SOLE N/A 20171 0 0 ELAN CORPORATION SPONSORED ADR 284131208 7776 518028 SH SOLE N/A 518028 0 0 EMBRAER SA ADR 29082A107 1623 50740 SH SOLE N/A 50740 0 0 EMC CORP 1.750% CONV 268648AM4 33520 17811000 PRN SOLE N/A 17811000 0 0 01/12/13 EMC CORPORATION MASSACHUSETTS USD0.01 268648102 11969 400581 SH SOLE N/A 400581 0 0 EMERSON ELECTRIC USD.5 291011104 10216 195786 SH SOLE N/A 195786 0 0 EMPRESA NACIONAL DE ELECTRICIDAD ADS 29244T101 2779 51475 SH SOLE N/A 51475 0 0 ENTERGY USD0.01 29364G103 6224 92623 SH SOLE N/A 92623 0 0 ENTERPRISE PRODUCTS PARTNERS COM 293792107 1230 24380 SH SOLE N/A 24380 0 0 EOG RESOURCES USD0.01 26875P101 4066 36595 SH SOLE N/A 36595 0 0 EQUIFAX USD1.25 294429105 9048 204419 SH SOLE N/A 204419 0 0 EQUINIX USD0.001 29444U502 1586 10072 SH SOLE N/A 10072 0 0 EQUITABLE RESOURCES NPV 26884L109 1049 21762 SH SOLE N/A 21762 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 535 8541 SH SOLE N/A 8541 0 0 ERICSSON TEL NPV ADR 294821608 258 25000 SH SOLE N/A 25000 0 0 ESTEE LAUDER USD0.01 518439104 1038 16764 SH SOLE N/A 16764 0 0 EXELON CORP NPV 30161N101 13902 354648 SH SOLE N/A 354648 0 0 EXPEDITORS INTL OF WASHINGTON USD0.01 302130109 1710 36768 SH SOLE N/A 36768 0 0 EXPRESS SCRIPTS USD0.01 302182100 25281 466705 SH SOLE N/A 466705 0 0 EXXON MOBIL NPV 30231G102 132556 1528375 SH SOLE N/A 1528375 0 0 F5 NETWORKS USD0.01 315616102 8772 65003 SH SOLE N/A 65003 0 0 FAMILY DOLLAR STORES USD0.1 307000109 206 3262 SH SOLE N/A 3262 0 0 FASTENAL USD.01 311900104 6134 113388 SH SOLE N/A 113388 0 0 FEDEX USD0.10 31428X106 8448 91863 SH SOLE N/A 91863 0 0 FEMSA UNITS SPONSORED ADR 344419106 34920 424457 SH SOLE N/A 424457 0 0 FIDELITY NATIONAL INFORMATION USD0.01 31620M106 230 6937 SH SOLE N/A 6937 0 0 FIFTH THIRD BANCORP NPV 316773100 650 46297 SH SOLE N/A 46297 0 0 FINANCIAL SELECT SECTOR SPDR SHS 81369Y605 8793 557241 SH SOLE N/A 557241 0 0 FIRST ENERGY USD0.1 337932107 38678 848383 SH SOLE N/A 848383 0 0 FISERV USD0.01 337738108 666 9594 SH SOLE N/A 9594 0 0 FLIR SYSTEMS USD.01 302445101 7530 297734 SH SOLE N/A 297734 0 0 FLOWERS FOODS INC USD0.01 343498101 9055 444520 SH SOLE N/A 444520 0 0 FLUOR CORPORATION USD0.01 343412102 288 4790 SH SOLE N/A 4790 0 0 FMC TECHNOLOGIES USD0.01 30249U101 2109 41830 SH SOLE N/A 41830 0 0 FOCUS MEDIA HOLDING ADR 34415V109 29372 1169253 SH SOLE N/A 1169253 0 0 FORD MOTOR COMPANY USD0.01 345370860 9379 750921 SH SOLE N/A 750921 0 0 FOREST LABORATORIES USD0.10 345838106 29993 864602 SH SOLE N/A 864602 0 0 FOSSIL INC USD.01 349882100 3827 29000 SH SOLE N/A 29000 0 0 FRANKLIN RESOURCES USD0.10 354613101 7302 58869 SH SOLE N/A 58869 0 0 FREEPORT-MCMORAN COPPER & GOLD USD0.1 35671D857 11195 294294 SH SOLE N/A 294294 0 0 FRONTIER COMMUNICATIONS CORP USD0.25 35906A108 128 30887 SH SOLE N/A 30887 0 0 FTI CONSULTING USD0.01 302941109 8565 228275 SH SOLE N/A 228275 0 0 GANNETT USD1 364730101 1806 117822 SH SOLE N/A 117822 0 0 GAP USD0.05 364760108 226 8647 SH SOLE N/A 8647 0 0 GATX COM 361448103 8993 223142 SH SOLE N/A 223142 0 0 GENERAL CABLE CORP 4.500% CONV 369300AL2 6109 5700000 PRN SOLE N/A 5700000 0 0 15/11/29 GENERAL ELECTRIC USD0.06 369604103 59198 2949559 SH SOLE N/A 2949559 0 0 GENERAL MILLS USD0.1 370334104 1730 43867 SH SOLE N/A 43867 0 0 GENERAL MOTORS CO COM 37045V100 13043 508700 SH SOLE N/A 508700 0 0 GENESEE & WYOMING USD.01 CL A 371559105 8499 155716 SH SOLE N/A 155716 0 0 GENUINE PARTS USD1.00 372460105 251 3993 SH SOLE N/A 3993 0 0 GENWORTH FINANCIAL USD0.001 CLASS 37247D106 130 15654 SH SOLE N/A 15654 0 0 A GERDAU NPV SPONS ADR 373737105 4641 482465 SH SOLE N/A 482465 0 0 GILEAD SCIENCES 0.625% 375558AH6 12311 9370000 PRN SOLE N/A 9370000 0 0 01/05/13 CONV GILEAD SCIENCES USD.001 375558103 3186 65204 SH SOLE N/A 65204 0 0 GOL LINHAS AEREAS INTELIGENTES ADR 38045R107 676 100400 SH SOLE N/A 100400 0 0 GOLAR LNG LTD USD1 G9456A100 3805 100000 SH SOLE N/A 100000 0 0 GOLD FIELDS LTD SPON ADR 38059T106 1493 107435 SH SOLE N/A 107435 0 0 GOLDCORP INC 2.000% 380956AB8 7296 6050000 PRN SOLE N/A 6050000 0 0 01/08/14 CONV GOLDMAN SACHS GROUP USD0.01 38141G104 13424 107932 SH SOLE N/A 107932 0 0 GOOGLE USD0.001 CLS A 38259P508 51167 79794 SH SOLE N/A 79794 0 0 GRAINGER WW USD0.5 384802104 3145 14641 SH SOLE N/A 14641 0 0
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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- GRAND CANYON EDUCATION INC COM 38526M106 7615 428797 SH SOLE N/A 428797 0 0 GRANITE CONSTRUCTION INC USD0.01 387328107 12541 436349 SH SOLE N/A 436349 0 0 GROUPON INC COM CL A 399473107 516 28100 SH SOLE N/A 28100 0 0 GRUPO AEROPORTUARIO ADR 40051E202 532 7768 SH SOLE N/A 7768 0 0 GRUPO TELEVISA ADR 40049J206 1587 75300 SH SOLE N/A 75300 0 0 H&R BLOCK NPV 093671105 10415 632356 SH SOLE N/A 632356 0 0 HAEMONETICS CORP USD0.01 405024100 8054 115585 SH SOLE N/A 115585 0 0 HALLIBURTON USD2.5 406216101 5208 156926 SH SOLE N/A 156926 0 0 HARLEY-DAVIDSON USD0.01 412822108 1323 26965 SH SOLE N/A 26965 0 0 HARTFORD FINANCIAL SERVICES USD.01 416515104 231 10975 SH SOLE N/A 10975 0 0 HARTFORD FINL SVCS GP 7.250% CONV 416515708 6082 283800 PRN SOLE N/A 283800 0 0 01/04/13 HARVARD BIOSCIENCE USD0.01 416906105 5383 1373328 SH SOLE N/A 1373328 0 0 HCC INSURANCE USD1 404132102 9502 304844 SH SOLE N/A 304844 0 0 HCP USD1 40414L109 403 10220 SH SOLE N/A 10220 0 0 HDFC BANK ADR 40415F101 1114 32666 SH SOLE N/A 32666 0 0 HEALTH CARE REIT 3.000% CONV 42217KAR7 8288 7180000 PRN SOLE N/A 7180000 0 0 01/12/21 HEALTH CARE REIT USD1 42217K106 308 5613 SH SOLE N/A 5613 0 0 HELMERICH & PAYNE USD0.1 423452101 1098 20343 SH SOLE N/A 20343 0 0 HENRY SCHEIN USD0.01 806407102 15411 203664 SH SOLE N/A 203664 0 0 HERBALIFE LTD USD SHS G4412G101 5533 80400 SH SOLE N/A 80400 0 0 HERSHEY USD1 427866108 931 15186 SH SOLE N/A 15186 0 0 HESS CORP USD1 42809H107 450 7639 SH SOLE N/A 7639 0 0 HEWLETT-PACKARD USD0.01 428236103 8279 347413 SH SOLE N/A 347413 0 0 HJ HEINZ USD0.25 423074103 1278 23861 SH SOLE N/A 23861 0 0 HOLLYFRONTIER CORPORATION COM 436106108 3275 101900 SH SOLE N/A 101900 0 0 HOME DEPOT USD0.05 437076102 3798 75499 SH SOLE N/A 75499 0 0 HONDA MOTOR SPONSORED ADR 438128308 384 10000 SH SOLE N/A 10000 0 0 HONEYWELL INTERNATIONAL USD1 438516106 14845 243164 SH SOLE N/A 243164 0 0 HOST MARRIOTT USD0.01 44107P104 328 19986 SH SOLE N/A 19986 0 0 HSBC HOLDINGS SPONSORED ADR 404280406 888 20000 SH SOLE N/A 20000 0 0 HUB GRP USD0.01 443320106 11268 312729 SH SOLE N/A 312729 0 0 HUDSON CITY BANCORP USD 0.01 443683107 130 17785 SH SOLE N/A 17785 0 0 HUMANA USD0.166 444859102 9224 99741 SH SOLE N/A 99741 0 0 HUNT JB TRANSPORT USD0.01 445658107 402 7400 SH SOLE N/A 7400 0 0 HUNTINGTON BANCSHARES NPV 446150104 128 19853 SH SOLE N/A 19853 0 0 IAC/INTERACTIVE USD0.01 44919P508 14725 299958 SH SOLE N/A 299958 0 0 IAMGOLD CORP COM 450913108 5673 429932 SH SOLE N/A 429932 0 0 ICF INTERNATIONAL USD0.001 44925C103 9756 384561 SH SOLE N/A 384561 0 0 ICICI BANK ADR 45104G104 3025 86742 SH SOLE N/A 86742 0 0 IHS INC USD0.01 CLASS 451734107 3756 40105 SH SOLE N/A 40105 0 0 A ILLINOIS TOOL WORKS USD0.01 452308109 16187 283392 SH SOLE N/A 283392 0 0 INDUSTRIAS BACHOCO ADR 456463108 269 12800 SH SOLE N/A 12800 0 0 INFORMATICA CORPORATION USD0.001 45666Q102 22997 434812 SH SOLE N/A 434812 0 0 INFOSYS LTD SPON ADR 456788108 11721 205521 SH SOLE N/A 205521 0 0 INGERSOLL RAND A SHS G47791101 402 9718 SH SOLE N/A 9718 0 0 INTEL CORP 2.950% CONV 458140AD2 23565 20300000 PRN SOLE N/A 20300000 0 0 15/12/35 INTEL CORPORATION USD0.001 458140100 66359 2360258 SH SOLE N/A 2360258 0 0 INTERCONTINENTAL EXCHANGE USD0.01 45865V100 18590 135276 SH SOLE N/A 135276 0 0 INTERNATIONAL BUSINESS MACHINES USD0.20 459200101 14976 71775 SH SOLE N/A 71775 0 0 INTERNATIONAL PAPER USD1 460146103 7259 206799 SH SOLE N/A 206799 0 0 INTERPUBLIC GROUP OF COMPANIES USD0.10 460690100 130 11406 SH SOLE N/A 11406 0 0 INTUIT USD0.01 461202103 2237 37190 SH SOLE N/A 37190 0 0 INTUITIVE SURGICAL USD0.001 46120E602 750 1385 SH SOLE N/A 1385 0 0 INVESCO NPV G491BT108 4777 179113 SH SOLE N/A 179113 0 0 IRON MOUNTAIN USD0.01 462846106 9731 337871 SH SOLE N/A 337871 0 0 ISHARES CHINA INDEX NPV 464287184 357 10000 SH SOLE N/A 10000 0 0 ISHARES DOW JONES HOME CONSTRUCTION NPV 464288752 19185 1303311 SH SOLE N/A 1303311 0 0 INDEX FUND ISHARES LEHMAN AGGREGATE BOND FUND NPV 464287226 5490 50000 SH SOLE N/A 50000 0 0 ISHARES MSCI TAIWAN INDEX FUND NPV 464286731 2688 200000 SH SOLE N/A 200000 0 0 ISHARES RUSSELL 2000 INDEX FUND NPV 464287655 9373 113140 SH SOLE N/A 113140 0 0 ITAU UNIBANCO ADR 465562106 27930 1456179 SH SOLE N/A 1456179 0 0 ITRON NPV 465741106 4540 100000 SH SOLE N/A 100000 0 0 IVANHOE MINES LTD COM SER A 46579N103 449 28566 SH SOLE N/A 28566 0 0 JM SMUCKER NPV 832696405 229 2809 SH SOLE N/A 2809 0 0 JOHNSON & JOHNSON USD1 478160104 19731 299139 SH SOLE N/A 299139 0 0 JOHNSON CONTROLS USD0.04166 478366107 14562 448334 SH SOLE N/A 448334 0 0 JOY GLOBAL USD1 481165108 241 3279 SH SOLE N/A 3279 0 0 JPMORGAN CHASE & COMPANY USD1 46625H100 57679 1254438 SH SOLE N/A 1254438 0 0 JUNIPER NETWORKS USD0.00001 48203R104 2548 111347 SH SOLE N/A 111347 0 0 KANSAS CITY SOUTHERN USD 0.01 485170302 1025 14300 SH SOLE N/A 14300 0 0 KBR USD0.001 48242W106 711 20000 SH SOLE N/A 20000 0 0 KELLOGG USD0.25 487836108 874 16303 SH SOLE N/A 16303 0 0 KEYCORP USD1 493267108 359 42208 SH SOLE N/A 42208 0 0 KIMBERLY-CLARK USD1.25 494368103 32395 438478 SH SOLE N/A 438478 0 0 KIRBY USD0.1 497266106 10127 153930 SH SOLE N/A 153930 0 0 KLA-TENCOR CORP USD.001 482480100 7739 142206 SH SOLE N/A 142206 0 0 KNOLOGY INC COM SER A 499183804 11280 619800 SH SOLE N/A 619800 0 0 KOHLS CORPORATION USD.01 500255104 7281 145568 SH SOLE N/A 145568 0 0 KOREA ELECTRIC POWER SPONSORED ADR 500631106 228 23472 SH SOLE N/A 23472 0 0 KRAFT FOODS NPV 50075N104 2835 74596 SH SOLE N/A 74596 0 0 KROGER USD1 501044101 10820 446554 SH SOLE N/A 446554 0 0 KT CORP ADR 48268K101 1181 86256 SH SOLE N/A 86256 0 0 L-3 COMMUNICATIONS HOLDINGS USD0.01 502424104 5327 75300 SH SOLE N/A 75300 0 0 LABORATORY CORP OF AMERICA HLDGS USD0.1 50540R409 253 2759 SH SOLE N/A 2759 0 0 LAS VEGAS SANDS USD0.001 517834107 8941 155339 SH SOLE N/A 155339 0 0 LEGG MASON USD0.1 524901105 7479 267764 SH SOLE N/A 267764 0 0 LENNAR CORP USD0.1 CLASS A 526057104 2845 104658 SH SOLE N/A 104658 0 0 SHS LIBERTY GLOBAL C USD0.01 530555309 1403 29300 SH SOLE N/A 29300 0 0 LIBERTY INTERACTIVE CORP COM SER A 53071M104 1552 81300 SH SOLE N/A 81300 0 0 LIBERTY MEDIA 3.125% CV 530718AF2 13169 10910000 PRN SOLE N/A 10910000 0 0 30/03/23 LIBERTY MEDIA 3.250% CV 530715AR2 5414 5991000 PRN SOLE N/A 5991000 0 0 15/03/31 LIBERTY MEDIA HOLDING COM CL A 530322106 5958 67635 SH SOLE N/A 67635 0 0 LIFE TECHNOLOGIES USD0.01 53217V109 728 14904 SH SOLE N/A 14904 0 0 LILLY (ELI) & CO NPV 532457108 13041 323927 SH SOLE N/A 323927 0 0
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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- LIMITED BRANDS USD0.50 532716107 2331 48558 SH SOLE N/A 48558 0 0 LINCARE HOLDINGS USD0.01 532791100 14494 560480 SH SOLE N/A 560480 0 0 LINCOLN NATIONAL NPV 534187109 208 7908 SH SOLE N/A 7908 0 0 LINEAR 3.000% CONV 535678AC0 7540 7021000 PRN SOLE N/A 7021000 0 0 01/05/27 LINKEDIN CORPORATION COM CL A 53578A108 1224 12000 SH SOLE N/A 12000 0 0 LKQ CORP USD0.01 501889208 10423 334701 SH SOLE N/A 334701 0 0 LOCKHEED MARTIN USD1 539830109 1240 13800 SH SOLE N/A 13800 0 0 LOEWS CORP USD0.01 540424108 347 8693 SH SOLE N/A 8693 0 0 LORILLARD USD0.01 544147101 2561 19777 SH SOLE N/A 19777 0 0 LOWE'S COMPANIES USD.5 548661107 56526 1801346 SH SOLE N/A 1801346 0 0 LSI LOGIC USD0.01 502161102 123 14130 SH SOLE N/A 14130 0 0 LUMOS NETWORKS CORP COM 550283105 3194 296836 SH SOLE N/A 296836 0 0 M&T BANK USD0.50 55261F104 268 3086 SH SOLE N/A 3086 0 0 MACY'S USD0.01 55616P104 552 13885 SH SOLE N/A 13885 0 0 MAGNA INTERNATIONAL COM 559222401 1129 23850 SH SOLE N/A 23850 0 0 MARATHON OIL USD1 565849106 20798 656287 SH SOLE N/A 656287 0 0 MARATHON PETROLEUM USD1 56585A102 426 9828 SH SOLE N/A 9828 0 0 MARKEL NPV 570535104 8640 19312 SH SOLE N/A 19312 0 0 MARKET VECTORS RUSSIA ETF ETF 57060U506 5842 200000 SH SOLE N/A 200000 0 0 MARRIOTT INTERNATIONAL USD0.01 CL A 571903202 3931 103846 SH SOLE N/A 103846 0 0 MARSH & MCLENNAN USD1 571748102 986 30073 SH SOLE N/A 30073 0 0 MARVELL TECHNOLOGY USD0.002 G5876H105 17236 1096433 SH SOLE N/A 1096433 0 0 MASCO CORPORATION USD1 574599106 145 10813 SH SOLE N/A 10813 0 0 MASTERCARD USD0.0001 57636Q104 12175 28951 SH SOLE N/A 28951 0 0 MATTEL USD1 577081102 283 8413 SH SOLE N/A 8413 0 0 MAXIM INTEGRATED PRODUCTS USD0.001 57772K101 9240 323180 SH SOLE N/A 323180 0 0 MCDONALDS CORPORATION USD0.01 580135101 7619 77669 SH SOLE N/A 77669 0 0 MCGRAW HILL COMPANIES USD1 580645109 347 7168 SH SOLE N/A 7168 0 0 MCKESSON CORPORATION USD0.01 58155Q103 13492 153718 SH SOLE N/A 153718 0 0 MDU RESOURCES USD1.00 552690109 4903 219069 SH SOLE N/A 219069 0 0 MEAD JOHNSON NUTRITION COMPANY USD0.01 582839106 1257 15235 SH SOLE N/A 15235 0 0 MEDCO HEALTH SOLUTIONS USD.01 58405U102 770 10958 SH SOLE N/A 10958 0 0 MEDNAX INC USD0.01 58502B106 16781 225643 SH SOLE N/A 225643 0 0 MEDTRONIC 1.625% CONV 585055AM8 10915 10747000 PRN SOLE N/A 10747000 0 0 15/04/13 MEDTRONIC INC USD0.10 585055106 41025 1046834 SH SOLE N/A 1046834 0 0 MERCK & CO USD0.01 58933Y105 16291 424240 SH SOLE N/A 424240 0 0 METABOLIX USD0.01 591018809 239 84584 SH SOLE N/A 84584 0 0 METLIFE USD0.01 59156R108 1100 29447 SH SOLE N/A 29447 0 0 METLIFE INC 5.000% PFD CNV 59156R116 8642 122400 PRN SOLE N/A 122400 0 0 99/99/99 METROPCS COMMUNICATIONS USD0.0001 591708102 4342 481337 SH SOLE N/A 481337 0 0 METTLER TOLEDO INT COM 592688105 12204 66055 SH SOLE N/A 66055 0 0 MICRON TECHNOLOGY USD0.10 595112103 201 24857 SH SOLE N/A 24857 0 0 MICROSEMI CORPORATION USD.2.00 595137100 12038 561488 SH SOLE N/A 561488 0 0 MICROSOFT CORPORATION USD0.0000125 594918104 108050 3349860 SH SOLE N/A 3349860 0 0 MINAS BUENAVENTURA NPV ADR 204448104 4475 111025 SH SOLE N/A 111025 0 0 MOBILE TELESYSTEMS ADR 607409109 5176 282257 SH SOLE N/A 282257 0 0 MOHAWK INDUSTRIES USD0.01 608190104 12039 181012 SH SOLE N/A 181012 0 0 MOLSON COORS 2.500% CV 60871RAA8 11646 11112000 PRN SOLE N/A 11112000 0 0 30/07/13 MOLSON COORS BREWING USD0.01 60871R209 4147 91710 SH SOLE N/A 91710 0 0 MOLYCORP 5.500% CONV 608753208 4559 63900 PRN SOLE N/A 63900 0 0 01/03/14 MONSANTO USD0.01 61166W101 18253 228849 SH SOLE N/A 228849 0 0 MONSTER BEVERAGE CORP USD0.005 611740101 807 13000 SH SOLE N/A 13000 0 0 MOODYS CORPORATION USD0.01 615369105 208 4937 SH SOLE N/A 4937 0 0 MORGAN STANLEY USD0.01 617446448 1256 63967 SH SOLE N/A 63967 0 0 MOSAIC NPV 61945C103 975 17633 SH SOLE N/A 17633 0 0 MOTOROLA MOBILITY HOLDINGS USD0.01 620097105 1194 30444 SH SOLE N/A 30444 0 0 MOTOROLA SOLUTIONS INC USD 0.01 620076307 3612 71058 SH SOLE N/A 71058 0 0 MURPHY OIL USD1.00 626717102 270 4796 SH SOLE N/A 4796 0 0 MYLAN LABORATORIES USD0.5 628530107 277 11817 SH SOLE N/A 11817 0 0 NATIONAL AMERICAN UNIVERSITY HOLDINGS COM 63245Q105 432 68551 SH SOLE N/A 68551 0 0 NATIONAL OILWELL VARCO USD0.01 637071101 952 11985 SH SOLE N/A 11985 0 0 NAVISTAR 3.000% CONV 63934EAL2 6216 5600000 PRN SOLE N/A 5600000 0 0 15/10/14 NETAPP INC USD0.001 64110D104 860 19213 SH SOLE N/A 19213 0 0 NETEASE.COM ADR USD0.0001 64110W102 1539 26500 SH SOLE N/A 26500 0 0 NEW ORIENTAL EDUCATION ADR 647581107 739 26900 SH SOLE N/A 26900 0 0 NEWMONT MINING 1.250% CONV 651639AH9 6162 4880000 PRN SOLE N/A 4880000 0 0 15/07/14 NEWMONT MINING USD1.6 651639106 30838 601599 SH SOLE N/A 601599 0 0 NEWS CORP USD0.01 A SHS 65248E104 1119 56788 SH SOLE N/A 56788 0 0 NEXEN COM NEW 65334H102 3050 167302 SH SOLE N/A 167302 0 0 NEXTERA ENERGY INC USD0.01 65339F101 681 11144 SH SOLE N/A 11144 0 0 NII HOLDINGS USD0.001 62913F201 896 48937 SH SOLE N/A 48937 0 0 NIKE NPV CLASS B 654106103 5563 51315 SH SOLE N/A 51315 0 0 NOBLE ENERGY USD3.333 655044105 6462 66091 SH SOLE N/A 66091 0 0 NORDSTROM NPV 655664100 247 4424 SH SOLE N/A 4424 0 0 NORFOLK SOUTHERN CORPORATION USD1.00 655844108 2672 40584 SH SOLE N/A 40584 0 0 NORTHERN TRUST USD1.66 665859104 1364 28764 SH SOLE N/A 28764 0 0 NORTHROP GRUMAN USD1 666807102 391 6396 SH SOLE N/A 6396 0 0 NOVELLUS SYSTEMS NPV 670008101 5644 113087 SH SOLE N/A 113087 0 0 NRG ENERGY USD0.01 629377508 208 13300 SH SOLE N/A 13300 0 0 NTELOS HOLDINGS CORP COM NEW 67020Q305 4898 236747 SH SOLE N/A 236747 0 0 NUANCE COMMUNIC 2.750% CONV 67020YAB6 4674 3200000 PRN SOLE N/A 3200000 0 0 15/08/27 NUANCE COMMUNICATIONS INC COM 67020Y100 635 24851 SH SOLE N/A 24851 0 0 NUCOR CORP USD0.40 670346105 342 7952 SH SOLE N/A 7952 0 0 NVIDIA CORPORATION USD0.001 67066G104 237 15409 SH SOLE N/A 15409 0 0 O REILLY AUTOMOTIVE INC USD 0.01 67103H107 3598 39396 SH SOLE N/A 39396 0 0 OCCIDENTAL PETROLEUM USD0.20 674599105 83029 872061 SH SOLE N/A 872061 0 0 OLD REPUBLIC INT'L 3.750% CNV 680223AH7 6168 6250000 PRN SOLE N/A 6250000 0 0 15/03/18 OMNICOM CNV 0.000% 682134AA9 19894 18210000 PRN SOLE N/A 18210000 0 0 01/07/38 OMNICOM GROUP USD0.15 681919106 1302 25703 SH SOLE N/A 25703 0 0 ONEOK INC USD0.01 682680103 348 4261 SH SOLE N/A 4261 0 0 OPENWAVE SYSTEM INC USD0.001 683718308 227 100000 SH SOLE N/A 100000 0 0 ORACLE CORPORATION USD0.01 68389X105 3780 129685 SH SOLE N/A 129685 0 0 ORBITAL SCIENCES CORPORATION COM 685564106 8198 623445 SH SOLE N/A 623445 0 0 ORIGIN AGRITECH USD0.0001 G67828106 447 182498 SH SOLE N/A 182498 0 0
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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- PACCAR USD1 693718108 42704 912092 SH SOLE N/A 912092 0 0 PALL CORPORATION USD.1 696429307 6134 102865 SH SOLE N/A 102865 0 0 PAMPA ENERGIA SA ADR 697660207 617 71947 SH SOLE N/A 71947 0 0 PARKER HANNIFIN USD0.05 701094104 318 3766 SH SOLE N/A 3766 0 0 PAYCHEX USD0.01 704326107 278 8985 SH SOLE N/A 8985 0 0 PEABODY ENERGY 4.750% CONV 704549AG9 11666 12153000 PRN SOLE N/A 12153000 0 0 15/12/41 PEABODY ENERGY USD0.01 704549104 212 7318 SH SOLE N/A 7318 0 0 PENTAIR USD0.167 709631105 14521 305000 SH SOLE N/A 305000 0 0 PEPSICO CAP STK USD0.0166 713448108 37806 569884 SH SOLE N/A 569884 0 0 PERRIGO COMPANY COM 714290103 289 2800 SH SOLE N/A 2800 0 0 PETROBRAS ARGENTINA S.A ADR 71646J109 962 71434 SH SOLE N/A 71434 0 0 PETROBRAS ON ADR 71654V408 39176 1475547 SH SOLE N/A 1475547 0 0 PETROBRAS PN ADR 71654V101 26217 1025711 SH SOLE N/A 1025711 0 0 PETROCHINA ADR NPV 71646E100 1550 11031 SH SOLE N/A 11031 0 0 PFIZER INC USD0.05 717081103 90978 4014933 SH SOLE N/A 4014933 0 0 PG&E CORPORATION NPV 69331C108 776 17884 SH SOLE N/A 17884 0 0 PHILIP MORRIS INTL NPV 718172109 42743 482426 SH SOLE N/A 482426 0 0 PHILIPPINE LONG DISTANCE TELEPHONE ADR 718252604 3775 60700 SH SOLE N/A 60700 0 0 PICO HOLDINGS INC COM NEW 693366205 1173 50000 SH SOLE N/A 50000 0 0 PIONEER NATURAL RESOURCES USD0.01 723787107 1741 15600 SH SOLE N/A 15600 0 0 PITNEY BOWES USD1 724479100 956 54386 SH SOLE N/A 54386 0 0 PLUM CREEK TIMBER USD0.01 729251108 6438 154910 SH SOLE N/A 154910 0 0 PNC FINANCIAL SERVICES USD5.00 693475105 2212 34297 SH SOLE N/A 34297 0 0 POOL CORP USD0.001 73278L105 13036 348383 SH SOLE N/A 348383 0 0 POSCO ADR 693483109 1227 14661 SH SOLE N/A 14661 0 0 PPG INDUSTRIES USD1.67 693506107 379 3957 SH SOLE N/A 3957 0 0 PPL CORPORATION USD0.01 69351T106 9744 344815 SH SOLE N/A 344815 0 0 PRAXAIR USD0.01 74005P104 33721 294144 SH SOLE N/A 294144 0 0 PRECISION CASTPARTS NPV 740189105 6775 39186 SH SOLE N/A 39186 0 0 PREMIERE GLOBAL SERVICES USD0.01 740585104 8799 973323 SH SOLE N/A 973323 0 0 PRESTIGE BRANDS USD0.01 74112D101 3098 177243 SH SOLE N/A 177243 0 0 PRICELINE.COM USD0.008 741503403 13239 18451 SH SOLE N/A 18451 0 0 PRINCIPAL FINANCIAL USD0.01 74251V102 12495 423420 SH SOLE N/A 423420 0 0 PROCTER & GAMBLE NPV 742718109 38940 579384 SH SOLE N/A 579384 0 0 PROGRESS ENERGY NPV 743263105 659 12404 SH SOLE N/A 12404 0 0 PROGRESSIVE CORPORATION USD1.00 743315103 367 15850 SH SOLE N/A 15850 0 0 PROLOGIS COM 74340W103 406 11277 SH SOLE N/A 11277 0 0 PROLOGIS 3.250% CONV 74340XAT8 5586 4950000 PRN SOLE N/A 4950000 0 0 15/03/15 PRUDENTIAL FINANCIAL USD0.01 744320102 15944 251564 SH SOLE N/A 251564 0 0 PUBLIC SERVICE ENTERPRISE NPV 744573106 535 17477 SH SOLE N/A 17477 0 0 PUBLIC STORAGE USD0.10 REITS 74460D109 649 4695 SH SOLE N/A 4695 0 0 PULTE GROUP INC USD0.01 745867101 91 10290 SH SOLE N/A 10290 0 0 PVH CORP COM 693656100 1697 19000 SH SOLE N/A 19000 0 0 QUALCOMM USD.0001 747525103 13224 194302 SH SOLE N/A 194302 0 0 QUANTA SERVICES USD0.00001 74762E102 10096 483053 SH SOLE N/A 483053 0 0 QUEST DIAGNOSTICS USD0.01 74834L100 261 4262 SH SOLE N/A 4262 0 0 RALPH LAUREN CORPORATION CL A 751212101 4342 24907 SH SOLE N/A 24907 0 0 RANGE RESOURCES USD0.01 75281A109 1182 20333 SH SOLE N/A 20333 0 0 RAYONIER INC COM 754907103 13227 300000 SH SOLE N/A 300000 0 0 RAYTHEON USD.01 755111507 12301 233108 SH SOLE N/A 233108 0 0 RED HAT INC USD0.0001 756577102 314 5237 SH SOLE N/A 5237 0 0 REGAL BELOIT CORPORATION COM 758750103 1115 17012 SH SOLE N/A 17012 0 0 REGIONS FINANCIAL USD0.01 7591EP100 270 40936 SH SOLE N/A 40936 0 0 REPUBLIC SERVICES USD0.01 760759100 260 8502 SH SOLE N/A 8502 0 0 RESEARCH IN MOTION NPV 760975102 13850 942179 SH SOLE N/A 942179 0 0 RESMED INC USD.004 761152107 10364 335295 SH SOLE N/A 335295 0 0 REX ENERGY CORP COM 761565100 9980 935332 SH SOLE N/A 935332 0 0 REYNOLDS AMERICAN USD0.0001 761713106 349 8416 SH SOLE N/A 8416 0 0 RIO TINTO PLC SP ADR 767204100 222 4000 SH SOLE N/A 4000 0 0 ROCKWELL AUTOMATION USD1 773903109 316 3962 SH SOLE N/A 3962 0 0 ROCKWELL COLLINS USD.01 774341101 253 4393 SH SOLE N/A 4393 0 0 ROGERS COMM CLASS B 775109200 4065 103053 SH SOLE N/A 103053 0 0 ROPER INDUSTRIES 0.000% CONV 776696AA4 5302 4250000 PRN SOLE N/A 4250000 0 0 15/01/34 ROPER INDUSTRIES USD0.01 776696106 16010 161459 SH SOLE N/A 161459 0 0 ROSS STORES USD0.01 778296103 341 5870 SH SOLE N/A 5870 0 0 ROVI 2.625% CV 779376AB8 5796 5500000 PRN SOLE N/A 5500000 0 0 15/02/40 RR DONNELLEY & SONS USD1.25 257867101 1200 96834 SH SOLE N/A 96834 0 0 SAFEWAY INC USD0.01 786514208 36957 1828634 SH SOLE N/A 1828634 0 0 SALESFORCE.COM INC USD0.001 79466L302 3020 19548 SH SOLE N/A 19548 0 0 SANDERSON FARMS USD1 800013104 8499 160273 SH SOLE N/A 160273 0 0 SANDISK CORP 1.500% CNV 80004CAD3 10485 8870000 PRN SOLE N/A 8870000 0 0 15/08/17 SANDISK CORPORATION USD0.001 80004C101 9096 183461 SH SOLE N/A 183461 0 0 SANOFI SP ADR 80105N105 8021 207000 SH SOLE N/A 207000 0 0 SARA LEE USD0.01 803111103 324 15050 SH SOLE N/A 15050 0 0 SBA COMMUNICATIONS USD0.01 78388J106 13595 267558 SH SOLE N/A 267558 0 0 SCHLUMBERGER USD0.01 806857108 10858 155265 SH SOLE N/A 155265 0 0 SEI INVESTMENTS USD0.01 784117103 3941 190462 SH SOLE N/A 190462 0 0 SEMPRA ENERGY NPV 816851109 527 8790 SH SOLE N/A 8790 0 0 SHERWIN WILLIAMS USD1.00 824348106 2489 22903 SH SOLE N/A 22903 0 0 SIGMA-ALDRICH USD1 826552101 238 3265 SH SOLE N/A 3265 0 0 SILICONWARE PRECISION ADR NPV 827084864 603 100000 SH SOLE N/A 100000 0 0 SILVER STANDARD RESOURCES INC INC COM 82823L106 636 42268 SH SOLE N/A 42268 0 0 SIMON PROPERTY USD0.0001 REIT 828806109 1258 8635 SH SOLE N/A 8635 0 0 SIMPSON MANUFACTURING USD0.01 829073105 10766 333831 SH SOLE N/A 333831 0 0 SK TELECOM ADR 78440P108 635 45700 SH SOLE N/A 45700 0 0 SLM CORP USD0.2 78442P106 13195 837757 SH SOLE N/A 837757 0 0 SMITHFIELD FOODS USD0.50 832248108 220 10000 SH SOLE N/A 10000 0 0 SOUTHERN USD5 84265V105 1210 38171 SH SOLE N/A 38171 0 0 SOUTHERN COPPER USD0.01 842587107 1607 35774 SH SOLE N/A 35774 0 0 SOUTHWEST AIRLINES USD1 844741108 19241 2337880 SH SOLE N/A 2337880 0 0 SOUTHWESTERN ENERGY USD0.10 845467109 296 9665 SH SOLE N/A 9665 0 0 SPDR SP 500 ETF TRUST ETF 78462F103 32952 234169 SH SOLE N/A 234169 0 0 SPECTRA ENERGY NPV 847560109 23654 749717 SH SOLE N/A 749717 0 0 SPRINT NEXTEL USD2.00 852061100 12738 4469547 SH SOLE N/A 4469547 0 0
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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- ST JUDE MEDICAL USD0.1 790849103 4918 111001 SH SOLE N/A 111001 0 0 STANLEY BLACK 4.750% CONV 854502309 9796 80700 PRN SOLE N/A 80700 0 0 17/11/15 STANLEY BLACK & DECKER USD2.5 854502101 11964 155459 SH SOLE N/A 155459 0 0 STAPLES USD0.0006 855030102 318 19636 SH SOLE N/A 19636 0 0 STARBUCKS CORPORATION NPV 855244109 10910 195205 SH SOLE N/A 195205 0 0 STARWOOD HOTELS & RESORTS USD0.01 85590A401 3811 67555 SH SOLE N/A 67555 0 0 STATE STREET USD1 857477103 13972 307146 SH SOLE N/A 307146 0 0 STERICYCLE USD0.01 858912108 1062 12698 SH SOLE N/A 12698 0 0 STERLITE INDUSTRIES INDIA ADR 859737207 721 84392 SH SOLE N/A 84392 0 0 STRYKER CORP USD0.1 863667101 2981 53738 SH SOLE N/A 53738 0 0 SUNTRUST BANKS USD1 867914103 353 14624 SH SOLE N/A 14624 0 0 SYMANTEC 1.000% CONV 871503AF5 13599 12094000 PRN SOLE N/A 12094000 0 0 15/06/13 SYMANTEC CORP USD.01 871503108 19602 1048811 SH SOLE N/A 1048811 0 0 SYNGENTA ADR 87160A100 3442 50000 SH SOLE N/A 50000 0 0 SYNOPSYS USD0.01 871607107 1705 55600 SH SOLE N/A 55600 0 0 SYSCO CORPORATION USD1 871829107 448 14992 SH SOLE N/A 14992 0 0 T ROWE PRICE GROUP USD0.20 74144T108 421 6444 SH SOLE N/A 6444 0 0 TAIWAN SEMICONDUCTOR MANUFACTURING ADR 874039100 2099 137458 SH SOLE N/A 137458 0 0 TAM SA SP ADR REP PFD 87484D103 668 26600 SH SOLE N/A 26600 0 0 TARGET CORPORATION USD0.0833 87612E106 3171 54416 SH SOLE N/A 54416 0 0 TATA MOTORS ADR USD 0.10 876568502 10428 386655 SH SOLE N/A 386655 0 0 TECO ENERGY USD1 872375100 3794 216154 SH SOLE N/A 216154 0 0 TELEDYNE TECHNOLOGIES USD0.01 879360105 8405 133300 SH SOLE N/A 133300 0 0 TELEF BRASIL ADR 87936R106 11417 372878 SH SOLE N/A 372878 0 0 TELEFLEX 3.875% CONV 879369AA4 8099 6850000 PRN SOLE N/A 6850000 0 0 01/08/17 TELEFONICA SPONSORED ADR 879382208 821 50000 SH SOLE N/A 50000 0 0 TELEKOMUNIK INDONESIA ADR IDR250 715684106 5487 180747 SH SOLE N/A 180747 0 0 TENARIS USD1.00 ADR 88031M109 2806 73398 SH SOLE N/A 73398 0 0 TENET HEALTHCARE USD.075 88033G100 82 15485 SH SOLE N/A 15485 0 0 TERADATA USD0.01 88076W103 293 4306 SH SOLE N/A 4306 0 0 TERNIUM USD1.00 ADR 880890108 701 29635 SH SOLE N/A 29635 0 0 TETRA TECH USD.01 88162G103 264 10000 SH SOLE N/A 10000 0 0 TEVA PHARMACEUTICAL 0.250% CONV 88163VAE9 15633 14370000 PRN SOLE N/A 14370000 0 0 01/02/26 TEVA PHARMACEUTICAL ADR 881624209 1352 30000 SH SOLE N/A 30000 0 0 TEXAS INSTRUMENTS USD1 882508104 35766 1064153 SH SOLE N/A 1064153 0 0 THERMO ELECTRON CORPORATION USD1 883556102 2756 48878 SH SOLE N/A 48878 0 0 TIFFANY & CO USD0.01 886547108 561 8113 SH SOLE N/A 8113 0 0 TIM PARTICIPACOES SPON ADR 88706P205 2949 91414 SH SOLE N/A 91414 0 0 TIME WARNER USD0.01 88732J207 6161 75592 SH SOLE N/A 75592 0 0 TIME WARNER CABLE USD0.01 887317303 1015 26888 SH SOLE N/A 26888 0 0 TJX COMPANIES USD1 872540109 868 21874 SH SOLE N/A 21874 0 0 TOLL BROTHERS USD.01 889478103 1200 50000 SH SOLE N/A 50000 0 0 TOTAL SYSTEM SERVICE USD0.1 891906109 977 42351 SH SOLE N/A 42351 0 0 TOWERS WATSON AND CO CLASS A 891894107 24753 374641 SH SOLE N/A 374641 0 0 TRAVELERS COS NPV 89417E109 38112 643791 SH SOLE N/A 643791 0 0 TRIMBLE NAVIGATION NPV 896239100 2579 47398 SH SOLE N/A 47398 0 0 TYSON FOODS USD0.10 CL A 902494103 539 28154 SH SOLE N/A 28154 0 0 ULTRA PETROLEUM NPV 903914109 954 42162 SH SOLE N/A 42162 0 0 UNILEVER NY REG SHS NPV 904784709 680 20000 SH SOLE N/A 20000 0 0 UNION PACIFIC USD2.5 907818108 50472 469596 SH SOLE N/A 469596 0 0 UNITED PARCEL SERVICE USD0.01 CLASS 911312106 2135 26447 SH SOLE N/A 26447 0 0 B UNITED TECHNOLOGIES USD1 913017109 10024 120885 SH SOLE N/A 120885 0 0 UNITEDHEALTH USD.01 91324P102 59194 1004311 SH SOLE N/A 1004311 0 0 UNIVERSAL TRUCKLOAD SERVICES NPV 91388P105 6299 419385 SH SOLE N/A 419385 0 0 US BANCORP USD0.01 902973304 80367 2536829 SH SOLE N/A 2536829 0 0 US STEEL CORP 4.000% CONV 912909AE8 5928 4950000 PRN SOLE N/A 4950000 0 0 15/05/14 VALE ON ADR 91912E105 22384 959438 SH SOLE N/A 959438 0 0 VALE PN ADR 91912E204 39740 1752982 SH SOLE N/A 1752982 0 0 VALERO ENERGY USD0.01 91913Y100 991 38473 SH SOLE N/A 38473 0 0 VANGUARD MSCI EMERGING MARKETS ETF ETF 922042858 1741 40067 SH SOLE N/A 40067 0 0 VARIAN MEDICAL SYSTEMS USD1 92220P105 215 3113 SH SOLE N/A 3113 0 0 VENTAS USD0.25 92276F100 497 8710 SH SOLE N/A 8710 0 0 VERIFONE SYSTEMS INC USD0.01 92342Y109 12420 239487 SH SOLE N/A 239487 0 0 VERIZON COMMUNICATIONS USD0.10 92343V104 28002 732465 SH SOLE N/A 732465 0 0 VF CORP USD1 918204108 318 2178 SH SOLE N/A 2178 0 0 VIACOM INC USD0.001 B NON 92553P201 802 16905 SH SOLE N/A 16905 0 0 VTG VIASAT USD0.0001 92552V100 10587 219600 SH SOLE N/A 219600 0 0 VIRGIN MEDIA USD0.01 92769L101 543 21733 SH SOLE N/A 21733 0 0 VISA INC USD0.0001 92826C839 19095 161824 SH SOLE N/A 161824 0 0 CLASS A VODAFONE GROUP PLC SPON ADR 92857W209 11473 414800 SH SOLE N/A 414800 0 0 VORNADO REALTY 3.875% CV 929043AC1 6636 6525000 PRN SOLE N/A 6525000 0 0 15/04/25 VORNADO REALTY TRUST USD0.04 929042109 428 5079 SH SOLE N/A 5079 0 0 WALGREEN USD0.07812 931422109 22899 683768 SH SOLE N/A 683768 0 0 WAL-MART STORES USD0.10 931142103 73402 1199373 SH SOLE N/A 1199373 0 0 WALT DISNEY USD0.01 254687106 4499 102763 SH SOLE N/A 102763 0 0 WASTE CONNECTIONS USD.01 941053100 9260 284665 SH SOLE N/A 284665 0 0 WASTE MANAGEMENT USD.01 94106L109 3415 97679 SH SOLE N/A 97679 0 0 WATERS CORPORATION USD0.01 941848103 5317 57386 SH SOLE N/A 57386 0 0 WATSON PHARMACEUTICALS USD0.0033 942683103 3688 55000 SH SOLE N/A 55000 0 0 WEIGHT WATCHERS INTL NPV 948626106 5490 71127 SH SOLE N/A 71127 0 0 WELLPOINT USD0.01 94973V107 14381 194860 SH SOLE N/A 194860 0 0 WELLS FARGO 7.500% CONV 949746804 25357 22742 PRN SOLE N/A 22742 0 0 PERP WELLS FARGO & CO USD1.6667 949746101 99428 2912366 SH SOLE N/A 2912366 0 0 WESTERN DIGITAL USD0.01 958102105 262 6330 SH SOLE N/A 6330 0 0 WESTERN UNION USD0.01 959802109 4216 239547 SH SOLE N/A 239547 0 0 WEYERHAEUSER USD1.25 962166104 11281 514662 SH SOLE N/A 514662 0 0 WHOLE FOODS MARKET COM 966837106 2877 34575 SH SOLE N/A 34575 0 0 WILLBROS GRP USD0.05 969203108 4058 1252530 SH SOLE N/A 1252530 0 0 WILLIAMS USD1 969457100 28834 935875 SH SOLE N/A 935875 0 0 WILLIAMS-SONOMA USD0.01 969904101 11281 300985 SH SOLE N/A 300985 0 0 WINDSTREAM CORP USD0.0001 97381W104 178 15244 SH SOLE N/A 15244 0 0 WIPRO ADR 97651M109 1099 100000 SH SOLE N/A 100000 0 0 WISCONSIN ENERGY USD0.01 976657106 206 5864 SH SOLE N/A 5864 0 0 WR BERKLEY USD0.2 084423102 15337 424612 SH SOLE N/A 424612 0 0
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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ ---- WYNN RESORTS USD0.01 983134107 36824 294874 SH SOLE N/A 294874 0 0 XCEL ENERGY USD2.50 98389B100 485 18312 SH SOLE N/A 18312 0 0 XEROX USD1 984121103 277 34307 SH SOLE N/A 34307 0 0 XILINX USD0.01 983919101 2537 69558 SH SOLE N/A 69558 0 0 XILINX 3.125% CONV 983919AD3 5460 4296000 PRN SOLE N/A 4296000 0 0 15/03/37 XILINX INC 2.625% CONV 983919AF8 4827 3550000 PRN SOLE N/A 3550000 0 0 15/06/17 XYLEM INC COM 98419M100 16420 591925 SH SOLE N/A 591925 0 0 YAHOO USD0.001 984332106 486 31980 SH SOLE N/A 31980 0 0 YAMANA GOLD INC COM 98462Y100 1012 64775 SH SOLE N/A 64775 0 0 YOUKU.COM INC SPON ADR 98742U100 1006 45763 SH SOLE N/A 45763 0 0 YPF SA ADR 984245100 1777 62543 SH SOLE N/A 62543 0 0 YUM BRANDS NPV 988498101 4414 62011 SH SOLE N/A 62011 0 0 ZIMMER HOLDINGS USD0.01 98956P102 288 4476 SH SOLE N/A 4476 0 0