13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 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: Fergus McDonald Title: Director, Head of Finance Phone: 44 131 718 1012 Signature, Place, and Date of Signing: /s/ Fergus McDonald Edinburgh, Scotland 2/8/2012 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 679 Form 13F Information Table Value Total: $ 5,612,480 -------------- (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 41431 506929 SH SOLE N/A 506929 0 0 ABB NPV ADR 000375204 861 45700 SH SOLE N/A 45700 0 0 ABBOTT LABORATORIES NPV 002824100 26085 463904 SH SOLE N/A 463904 0 0 ACCENTURE CLASS A USD0.00002 A G1151C101 42909 806098 SH SOLE N/A 806098 0 0 SHS ACE CHF30.57 H0023R105 39356 561262 SH SOLE N/A 561262 0 0 ACI WORLDWIDE USD0.005 004498101 8253 288260 SH SOLE N/A 288260 0 0 ACTIVISION BLIZZARD COM 00507V109 13003 1055400 SH SOLE N/A 1055400 0 0 ADOBE SYSTEMS USD0.0001 00724F101 4275 151268 SH SOLE N/A 151268 0 0 ADVANCED MICRO DEVICES USD0.01 007903107 93 17216 SH SOLE N/A 17216 0 0 AECOM TECHNOLOGY COM 00766T100 602 29287 SH SOLE N/A 29287 0 0 AES CORPORATION USD0.01 00130H105 374 31611 SH SOLE N/A 31611 0 0 AETNA USD.01 00817Y108 7546 178849 SH SOLE N/A 178849 0 0 AFLAC USD0.1 001055102 614 14193 SH SOLE N/A 14193 0 0 AGCO CORP USD 0.01 001084102 6791 158071 SH SOLE N/A 158071 0 0 AGCO CORP 1.250% CONV 001084AM4 7264 5885000 PRN SOLE N/A 5885000 0 0 15/12/36 AGILENT TECHNOLOGIES USD0.01 00846U101 13553 387999 SH SOLE N/A 387999 0 0 AGRIUM NPV 008916108 3356 50000 SH SOLE N/A 50000 0 0 AIR PRODUCTS & CHEMICALS USD1 009158106 4007 47036 SH SOLE N/A 47036 0 0 AIRGAS USD0.01 009363102 13105 167844 SH SOLE N/A 167844 0 0 ALCATEL ADR 013904305 155 100000 SH SOLE N/A 100000 0 0 ALCOA INC USD1 013817101 326 37780 SH SOLE N/A 37780 0 0 ALEXION PHARMACEUTICALS USD0.0001 015351109 1430 20000 SH SOLE N/A 20000 0 0 ALLEGHANY USD1.00 017175100 8355 29285 SH SOLE N/A 29285 0 0 ALLEGHENY TECH 4.250% CONV 01741RAD4 7005 5100000 PRN SOLE N/A 5100000 0 0 01/06/14 ALLEGHENY TECHNOLOGIES USD0.10 01741R102 6823 142732 SH SOLE N/A 142732 0 0 ALLERGAN USD0.01 018490102 3782 43112 SH SOLE N/A 43112 0 0 ALLIANCE DATA SYSTEM 1.750% CONV 018581AD0 8131 6080000 PRN SOLE N/A 6080000 0 0 01/08/13 ALLSTATE CORP USD0.01 020002101 5626 205269 SH SOLE N/A 205269 0 0 ALTERA CORPORATION USD0.001 021441100 1277 34437 SH SOLE N/A 34437 0 0 ALTRIA GROUP USD0.333 02209S103 9172 309349 SH SOLE N/A 309349 0 0 AMAZON.COM USD.01 023135106 53437 308704 SH SOLE N/A 308704 0 0 AMDOCS LTD ORD G02602103 17325 607241 SH SOLE N/A 607241 0 0 AMEREN CORPORATION USD0.01 023608102 248 7479 SH SOLE N/A 7479 0 0 AMERICA MOVIL SAB DE CV ADR 02364W105 13126 580782 SH SOLE N/A 580782 0 0 AMERICAN ELECTRIC POWER USD6.5 025537101 2027 49062 SH SOLE N/A 49062 0 0 AMERICAN EXPRESS USD0.20 025816109 15557 329879 SH SOLE N/A 329879 0 0 AMERICAN INTERNATIONAL GROUP USD 2.5 026874784 324 13947 SH SOLE N/A 13947 0 0 AMERICAN RAILCAR IND USD0.01 02916P103 7998 334344 SH SOLE N/A 334344 0 0 AMERICAN STATES WATER CO NPV 029899101 1745 50000 SH SOLE N/A 50000 0 0 AMERICAN TOWER USD0.01 CL A 029912201 8159 135954 SH SOLE N/A 135954 0 0 AMERICAN WATER WORKS CO INC USD0.01 030420103 13476 422974 SH SOLE N/A 422974 0 0 AMERICAS CAR MART USD0.01 03062T105 12869 328622 SH SOLE N/A 328622 0 0 AMERIPRISE FINANCIAL USD0.01 03076C106 1955 39379 SH SOLE N/A 39379 0 0 AMERISOURCEBERGEN USD.01 03073E105 318 8544 SH SOLE N/A 8544 0 0 AMERITRADE HOLDING USD0.01 87236Y108 260 16600 SH SOLE N/A 16600 0 0 AMETEK INC USD.01 031100100 6419 152500 SH SOLE N/A 152500 0 0 AMGEN 0.375% CONV 031162AQ3 18244 18170000 PRN SOLE N/A 18170000 0 0 01/02/13 AMGEN INC USD0.0001 031162100 2493 38831 SH SOLE N/A 38831 0 0 AMPHENOL CORP USD.001 CL A 032095101 247 5441 SH SOLE N/A 5441 0 0 ANADARKO PETROLEUM USD0.1 032511107 1191 15606 SH SOLE N/A 15606 0 0 ANALOG DEVICES USD0.167 032654105 332 9285 SH SOLE N/A 9285 0 0 ANDERSONS NPV 034164103 10197 233555 SH SOLE N/A 233555 0 0 ANGLOGOLD ASHANTI ADR 035128206 2179 51334 SH SOLE N/A 51334 0 0 AON CORP USD1 037389103 463 9883 SH SOLE N/A 9883 0 0 APACHE USD0.625 037411105 1632 18017 SH SOLE N/A 18017 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- APOLLO GRP NPV CL A 037604105 39445 732234 SH SOLE N/A 732234 0 0 APPLE INC NPV 037833100 143604 354586 SH SOLE N/A 354586 0 0 APPLIED MATERIALS USD0.01 038222105 5786 540742 SH SOLE N/A 540742 0 0 AQUA AMERICA USD0.50 03836W103 12128 550000 SH SOLE N/A 550000 0 0 ARCELORMITTAL 5.000% CONV 03938LAK0 12602 11880000 PRN SOLE N/A 11880000 0 0 15/05/14 ARCH COAL USD0.01 039380100 1025 70700 SH SOLE N/A 70700 0 0 ARCHER DANIELS 0.875% CONV 039483AW2 1694 1680000 PRN SOLE N/A 1680000 0 0 15/02/14 ARCHER-DANIELS-MIDLAND NPV 039483102 3445 120471 SH SOLE N/A 120471 0 0 ARCOS DORADOS HOLDINGS CL A G0457F107 557 27139 SH SOLE N/A 27139 0 0 ASTEC INDUSTRIES USD0.20 046224101 7568 235332 SH SOLE N/A 235332 0 0 AT&T USD1 00206R102 14528 480415 SH SOLE N/A 480415 0 0 ATLANTIC TELE NETWORK USD.01 049079205 12680 325474 SH SOLE N/A 325474 0 0 AUTODESK USD0.01 052769106 1522 50182 SH SOLE N/A 50182 0 0 AUTOMATIC DATA PROCESSING USD0.1 053015103 823 15240 SH SOLE N/A 15240 0 0 AUTOZONE USD0.01 053332102 312 962 SH SOLE N/A 962 0 0 AVALONBAY COMMUNITY USD0.01 REITS 053484101 415 3175 SH SOLE N/A 3175 0 0 AVON PRODUCTS USD0.25 054303102 234 13402 SH SOLE N/A 13402 0 0 AXIS CAPITAL HOLDINGS USD0.125 G0692U109 11647 364422 SH SOLE N/A 364422 0 0 BAIDU INC USD0.2 ADR 056752108 7849 67400 SH SOLE N/A 67400 0 0 BAKER HUGHES USD1.00 057224107 2115 43484 SH SOLE N/A 43484 0 0 BANCO BRADESCO NPV ADR 059460303 14874 891709 SH SOLE N/A 891709 0 0 BANCO SANTANDER BRASIL NPV ADR 05967A107 511 62800 SH SOLE N/A 62800 0 0 BANCO SANTANDER CHILE ADR 05965X109 12871 170025 SH SOLE N/A 170025 0 0 BANK OF AMERICA USD0.01 060505104 5418 976306 SH SOLE N/A 976306 0 0 BANK OF NEW YORK MELLON USD7.5 064058100 33203 1668495 SH SOLE N/A 1668495 0 0 BARD C.R. USD0.25 067383109 271 3169 SH SOLE N/A 3169 0 0 BARRICK GOLD CORP NPV 067901108 490 10821 SH SOLE N/A 10821 0 0 BAXTER INTERNATIONAL USD1 071813109 12937 261456 SH SOLE N/A 261456 0 0 BB&T CORPORATION USD5 054937107 596 23674 SH SOLE N/A 23674 0 0 BEAM INC COM 073730103 228 4453 SH SOLE N/A 4453 0 0 BECTON DICKINSON USD1 075887109 474 6347 SH SOLE N/A 6347 0 0 BED BATH & BEYOND USD0.01 075896100 2662 45927 SH SOLE N/A 45927 0 0 BERKSHIRE HATHAWAY INC USD0.0033 084670702 4263 55876 SH SOLE N/A 55876 0 0 BEST BUY USD0.1 086516101 236 10096 SH SOLE N/A 10096 0 0 BHP BILLITON PLC ADR 05545E209 1460 25000 SH SOLE N/A 25000 0 0 BIOGEN IDEC USD0.0005 09062X103 6139 55780 SH SOLE N/A 55780 0 0 BK OF AMERICA SER L 7.250% CONV 060505682 25953 32979 PRN SOLE N/A 32979 0 0 31/12/49 BLACKROCK INC USD0.01 09247X101 7393 41478 SH SOLE N/A 41478 0 0 BOEING USD5 097023105 4519 61603 SH SOLE N/A 61603 0 0 BOSTON PROPERTIES USD0.01 REITS 101121101 493 4953 SH SOLE N/A 4953 0 0 BOSTON PROPERTIES CONV 3.750% 10112RAG9 1003 875000 PRN SOLE N/A 875000 0 0 15/05/36 BOSTON SCIENTIFIC USD0.01 101137107 253 47530 SH SOLE N/A 47530 0 0 BOTTOMLINE TECHNOLOGIES USD0.001 101388106 8728 377171 SH SOLE N/A 377171 0 0 BP ADR 055622104 8414 196870 SH SOLE N/A 196870 0 0 BRASIL FOODS SA ADR 10552T107 4426 226400 SH SOLE N/A 226400 0 0 BRISTOL-MYERS SQUIBB USD0.10 110122108 2916 82755 SH SOLE N/A 82755 0 0 BRITISH AMERICAN TOBACCO ADR 110448107 1898 20000 SH SOLE N/A 20000 0 0 BROADCOM CORPORATION USD0.0001 A 111320107 3966 135116 SH SOLE N/A 135116 0 0 SHS BROWN-FORMAN USD0.15 115637209 257 3193 SH SOLE N/A 3193 0 0 BUNGE USD0.01 G16962105 981 17144 SH SOLE N/A 17144 0 0 CABLEVISION SYSTEMS NY USD0.01 A SHS 12686C109 4574 321881 SH SOLE N/A 321881 0 0 CABOT OIL & GAS USD0.1 127097103 249 3286 SH SOLE N/A 3286 0 0 CADIZ LTD USD0.01 127537207 962 100000 SH SOLE N/A 100000 0 0 CALIFORNIA WATER SERVICE USD0.01 130788102 7300 400000 SH SOLE N/A 400000 0 0 CAMERON INTL USD0.01 13342B105 2909 59130 SH SOLE N/A 59130 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- CAMPBELL SOUP USD0.0375 134429109 3381 101720 SH SOLE N/A 101720 0 0 CANADIAN PACIFIC COM 13645T100 222 3292 SH SOLE N/A 3292 0 0 CAPITAL ONE FINANCIAL USD0.01 14040H105 10325 244154 SH SOLE N/A 244154 0 0 CAPITALSOURCE USD0.01 14055X102 7535 1124601 SH SOLE N/A 1124601 0 0 CARDINAL FINANCIAL USD1 14149F109 7957 741605 SH SOLE N/A 741605 0 0 CARDINAL HEALTH NPV 14149Y108 11452 282005 SH SOLE N/A 282005 0 0 CARMAX USD0.5 143130102 211 6930 SH SOLE N/A 6930 0 0 CARNIVAL CORP USD.01 143658300 10767 329986 SH SOLE N/A 329986 0 0 CATERPILLAR USD1.00 149123101 15444 170462 SH SOLE N/A 170462 0 0 CBD PAO DE ACUCAR CIA ADR PRF SHS 20440T201 743 20405 SH SOLE N/A 20405 0 0 CBRE GROUP INC CL A 12504L109 186 12206 SH SOLE N/A 12206 0 0 CBS CORP B SHARES USD0.01 124857202 563 20731 SH SOLE N/A 20731 0 0 CELGENE USD0.01 151020104 5521 81679 SH SOLE N/A 81679 0 0 CEMEX SAB DE C 4.875% CV 151290AV5 4670 7100000 PRN SOLE N/A 7100000 0 0 15/03/15 CEMIG ADR 204409601 3099 174222 SH SOLE N/A 174222 0 0 CENTREPOINT ENERGY NPV 15189T107 312 15520 SH SOLE N/A 15520 0 0 CENTURYLINK INC USD1 156700106 744 19999 SH SOLE N/A 19999 0 0 CERNER USD0.01 156782104 460 7510 SH SOLE N/A 7510 0 0 CF INDUSTRIES USD0.01 125269100 33913 233914 SH SOLE N/A 233914 0 0 CH ROBINSON USD0.1 12541W209 437 6258 SH SOLE N/A 6258 0 0 CHARLES SCHWAB USD0.01 808513105 431 38329 SH SOLE N/A 38329 0 0 CHART INDUSTRIES INC USD 0.01 16115Q308 270 5000 SH SOLE N/A 5000 0 0 CHENIERE ENERGY INC COM 16411R208 435 50000 SH SOLE N/A 50000 0 0 CHESAPEAKE ENERGY USD0.01 165167107 450 20202 SH SOLE N/A 20202 0 0 CHESAPEAKE ENERGY 2.750% CONV 165167BW6 14679 14829000 PRN SOLE N/A 14829000 0 0 15/11/35 CHEVRON CORPORTION USD0.75 166764100 26945 253244 SH SOLE N/A 253244 0 0 CHICAGO BRIDGE AND IRON USD0.01 167250109 1134 30000 SH SOLE N/A 30000 0 0 CHINA LIFE INSURANCE NPV 16939P106 1849 50000 SH SOLE N/A 50000 0 0 CHINA MOBILE (HONG KONG) SPONSORED ADR 16941M109 1212 25000 SH SOLE N/A 25000 0 0 CHINA PETROLEUM & CHEM ADR 16941R108 2101 20000 SH SOLE N/A 20000 0 0 CHINA TELECOM CORPORATION LIMITED ADR 169426103 857 15000 SH SOLE N/A 15000 0 0 CHINA UNICOM ADR 16945R104 1057 50000 SH SOLE N/A 50000 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 2416 7154 SH SOLE N/A 7154 0 0 CHUBB CORPORATION USD1 171232101 5574 80532 SH SOLE N/A 80532 0 0 CHUNGHWA TELECOM ADR 17133Q502 1344 40000 SH SOLE N/A 40000 0 0 CHURCH & DWIGHT CO COM 171340102 543 11865 SH SOLE N/A 11865 0 0 CIA CERVECERIAS UNIDAS ADR 204429104 546 8649 SH SOLE N/A 8649 0 0 CIA SANEAMENTO BASICO DE ESTADO ADR 20441A102 8096 145474 SH SOLE N/A 145474 0 0 CIGNA USD0.25 125509109 348 8292 SH SOLE N/A 8292 0 0 CISCO SYSTEMS USD0.001 17275R102 6241 345200 SH SOLE N/A 345200 0 0 CITIGROUP INC COM NEW 172967424 17584 668325 SH SOLE N/A 668325 0 0 CITRIX SYSTEMS USD.001 177376100 347 5720 SH SOLE N/A 5720 0 0 CLEAN ENERGY FUELS CORPORATION COM 184499101 1183 94952 SH SOLE N/A 94952 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 23688 379926 SH SOLE N/A 379926 0 0 CLOROX COMPANY USD1 189054109 291 4371 SH SOLE N/A 4371 0 0 CME GROUP USD0.01 12572Q105 728 2989 SH SOLE N/A 2989 0 0 CMS ENERGY USD0.01 125896100 399 18072 SH SOLE N/A 18072 0 0 CNOOC NPV ADR 126132109 2376 13600 SH SOLE N/A 13600 0 0 COACH USD0.01 189754104 5500 90103 SH SOLE N/A 90103 0 0 COCA COLA USD0.25 191216100 12989 185631 SH SOLE N/A 185631 0 0 COCA COLA ENTERPRISES USD1 19122T109 12808 496803 SH SOLE N/A 496803 0 0 CODEXIS INC USD0.0001 192005106 529 100000 SH SOLE N/A 100000 0 0 COGNIZANT TECH SOLUTIONS USD.01 192446102 650 10103 SH SOLE N/A 10103 0 0 COLGATE PALMOLIVE USD1 194162103 10225 110675 SH SOLE N/A 110675 0 0 COMCAST CORP USD1 SP CL A 20030N200 43207 1833908 SH SOLE N/A 1833908 0 0 COMCAST CORPORATION USD0.01 CL A 20030N101 35820 1510761 SH SOLE N/A 1510761 0 0 COMPANHIA DE BEBIDAS DAS AMERICAS ADR 20441W203 20849 577690 SH SOLE N/A 577690 0 0 AMBEV PRF
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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- COMPANHIA ENERGETICA DE MINAS GERAIS ADR 204409882 9224 653695 SH SOLE N/A 653695 0 0 COMPUTER ASSOCIATES INTL USD0.1 12673P105 254 12575 SH SOLE N/A 12575 0 0 CONAGRA FOODS USD5.00 205887102 4038 153030 SH SOLE N/A 153030 0 0 CONCHO RESOURCES INC USD0.001 20605P101 2447 26100 SH SOLE N/A 26100 0 0 CONN'S USD0.01 208242107 11922 1075963 SH SOLE N/A 1075963 0 0 CONOCOPHILLIPS USD0.01 20825C104 74295 1019554 SH SOLE N/A 1019554 0 0 CONSOL ENERGY USD0.01 20854P109 258 7039 SH SOLE N/A 7039 0 0 CONSOLIDATED EDISON USD0.10 209115104 939 15148 SH SOLE N/A 15148 0 0 CONSTELLATION ENERGY NPV 210371100 382 9627 SH SOLE N/A 9627 0 0 COOPER INDUSTRIES USD0.01 A SHS G24140108 292 5400 SH SOLE N/A 5400 0 0 CORNING USD0.50 219350105 9269 714658 SH SOLE N/A 714658 0 0 COSTCO WHOLESALE USD0.005 22160K105 21610 259397 SH SOLE N/A 259397 0 0 COVANCE USD.01 222816100 421 9200 SH SOLE N/A 9200 0 0 COVIDIEN PLC SHS G2554F113 5496 122101 SH SOLE N/A 122101 0 0 CRA INTERNATIONAL NPV 12618T105 7335 370836 SH SOLE N/A 370836 0 0 CRAWFORD & COMPANY B USD1 224633107 6614 1073636 SH SOLE N/A 1073636 0 0 CRESUD SA SPONS ADR 226406106 875 76988 SH SOLE N/A 76988 0 0 CROWN CASTLE INTERNATIONAL USD0.01 228227104 15368 343186 SH SOLE N/A 343186 0 0 CSN ADR 20440W105 1680 205400 SH SOLE N/A 205400 0 0 CSX CORPORATION USD1.00 126408103 1705 80975 SH SOLE N/A 80975 0 0 CTC MEDIA USD0.01 12642X106 531 60500 SH SOLE N/A 60500 0 0 CUMMINS USD2.5 231021106 930 10568 SH SOLE N/A 10568 0 0 CVS CAREMARK CORP USD0.01 126650100 15626 383185 SH SOLE N/A 383185 0 0 DANAHER CORP 0.000% CONV 235851AF9 16040 12060000 PRN SOLE N/A 12060000 0 0 22/01/21 DANAHER CORPORATION USD0.01 235851102 21402 454984 SH SOLE N/A 454984 0 0 DARDEN RESTAURANTS NPV 237194105 203 4444 SH SOLE N/A 4444 0 0 DAVITA USD0.001 23918K108 19435 256367 SH SOLE N/A 256367 0 0 DEERE & COMPANY USD1 244199105 3059 39546 SH SOLE N/A 39546 0 0 DELL USD0.01 24702R101 15068 1030655 SH SOLE N/A 1030655 0 0 DELTA AIR LINES INC USD0.0001 247361702 25886 3199700 SH SOLE N/A 3199700 0 0 DENBURY RESOURCES USD0.001 247916208 190 12568 SH SOLE N/A 12568 0 0 DENTSPLY INTERNATIONAL USD.01 249030107 7972 228035 SH SOLE N/A 228035 0 0 DESARROLLADORA HOMEX NPV ADR 25030W100 830 49180 SH SOLE N/A 49180 0 0 DEVON ENERGY USD.1 25179M103 821 13249 SH SOLE N/A 13249 0 0 DEVRY USD0.01 251893103 7644 198741 SH SOLE N/A 198741 0 0 DIAGEO SPONSORED ADR 25243Q205 11889 136000 SH SOLE N/A 136000 0 0 DIAMOND OFFSHORE DRILLING USD0.01 25271C102 1027 18589 SH SOLE N/A 18589 0 0 DIRECTTV CL A 25490A101 9868 230775 SH SOLE N/A 230775 0 0 DISCOVER FINANCIAL USD0.01 254709108 1989 82902 SH SOLE N/A 82902 0 0 DISCOVERY COMMS - C NPV 25470F302 2351 62350 SH SOLE N/A 62350 0 0 DISCOVERY COMMUNICATIONS USD0.01 25470F104 352 8589 SH SOLE N/A 8589 0 0 DISH NETWORK USD0.01 25470M109 1315 46200 SH SOLE N/A 46200 0 0 DOLLAR TREE STORES USD0.01 256746108 515 6200 SH SOLE N/A 6200 0 0 DOMINION 2.125% CONV 25746UAT6 10485 6871000 PRN SOLE N/A 6871000 0 0 15/12/23 DOMINION RESOURCES INC NPV 25746U109 5337 100564 SH SOLE N/A 100564 0 0 DOVER CORPORATION USD1 260003108 341 5872 SH SOLE N/A 5872 0 0 DOW CHEMICAL USD2.5 260543103 1045 36337 SH SOLE N/A 36337 0 0 DR HORTON 2.000% CONV 23331ABB4 6031 5250000 PRN SOLE N/A 5250000 0 0 15/05/14 DR PEPPER SNAPPLE USD0.01 26138E109 288 7296 SH SOLE N/A 7296 0 0 DTE ENERGY COMPANY NPV 233331107 19088 350553 SH SOLE N/A 350553 0 0 DU PONT (E.I) DE NEMOURS USD0.3 263534109 2434 53160 SH SOLE N/A 53160 0 0 DUKE ENERGY NPV 26441C105 1341 60959 SH SOLE N/A 60959 0 0 EATON CORPORATION USD0.5 278058102 3006 69050 SH SOLE N/A 69050 0 0 EBAY USD.001 278642103 50814 1675384 SH SOLE N/A 1675384 0 0 ECOLAB USD1 278865100 893 15448 SH SOLE N/A 15448 0 0 ECOPETROL SA SPONSORED ADR 279158109 3393 76206 SH SOLE N/A 76206 0 0 EDISON INTERNATIONAL NPV 281020107 654 15795 SH SOLE N/A 15795 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- EDWARDS LIFESCIENCES CORP COM 28176E108 365 5161 SH SOLE N/A 5161 0 0 EL PASO USD3 28336L109 677 25471 SH SOLE N/A 25471 0 0 ELAN CORPORATION SPONSORED ADR 284131208 7728 563280 SH SOLE N/A 563280 0 0 ELECTRONIC ARTS USD0.01 285512109 224 10868 SH SOLE N/A 10868 0 0 EMBRAER SA ADR 29082A107 1118 44312 SH SOLE N/A 44312 0 0 EMC CORP 1.750% CONV 268648AM4 32155 22661000 PRN SOLE N/A 22661000 0 0 01/12/13 EMC CORPORATION MASSACHUSETTS USD0.01 268648102 5826 270481 SH SOLE N/A 270481 0 0 EMERSON ELECTRIC USD.5 291011104 8826 189449 SH SOLE N/A 189449 0 0 EMPRESA NACIONAL DE ELECTRICIDAD ADS 29244T101 1990 44881 SH SOLE N/A 44881 0 0 ENERSIS SPONSORED ADR NPV 29274F104 308 17500 SH SOLE N/A 17500 0 0 ENTERGY USD0.01 29364G103 6781 92823 SH SOLE N/A 92823 0 0 EOG RESOURCES USD0.01 26875P101 4235 42995 SH SOLE N/A 42995 0 0 EQUIFAX USD1.25 294429105 8037 207523 SH SOLE N/A 207523 0 0 EQUITABLE RESOURCES NPV 26884L109 1406 25662 SH SOLE N/A 25662 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 573 10041 SH SOLE N/A 10041 0 0 ERICSSON TEL ADR NPV 294821608 507 50000 SH SOLE N/A 50000 0 0 ESTEE LAUDER USD0.01 518439104 3210 28582 SH SOLE N/A 28582 0 0 EXELON CORP NPV 30161N101 15341 353723 SH SOLE N/A 353723 0 0 EXPEDITORS INTL OF WASHINGTON USD0.01 302130109 1572 38368 SH SOLE N/A 38368 0 0 EXPRESS SCRIPTS USD0.01 302182100 21813 488099 SH SOLE N/A 488099 0 0 EXXON MOBIL NPV 30231G102 135538 1599074 SH SOLE N/A 1599074 0 0 F5 NETWORKS USD0.01 315616102 10096 95143 SH SOLE N/A 95143 0 0 FAMILY DOLLAR STORES USD0.1 307000109 228 3962 SH SOLE N/A 3962 0 0 FASTENAL USD.01 311900104 5717 131088 SH SOLE N/A 131088 0 0 FEDEX USD0.10 31428X106 7563 90563 SH SOLE N/A 90563 0 0 FEMSA UNITS SPONSORED ADR 344419106 34113 489357 SH SOLE N/A 489357 0 0 FIDELITY NATIONAL INFORMATION USD0.01 31620M106 227 8537 SH SOLE N/A 8537 0 0 FIFTH THIRD BANCORP NPV 316773100 349 27497 SH SOLE N/A 27497 0 0 FIRST ENERGY USD0.1 337932107 38253 863503 SH SOLE N/A 863503 0 0 FISERV USD0.01 337738108 505 8594 SH SOLE N/A 8594 0 0 FLIR SYSTEMS USD.01 302445101 7464 297734 SH SOLE N/A 297734 0 0 FLOWERS FOODS INC USD0.01 343498101 8437 444520 SH SOLE N/A 444520 0 0 FLUOR CORPORATION USD0.01 343412102 276 5490 SH SOLE N/A 5490 0 0 FMC TECHNOLOGIES USD0.01 30249U101 2441 46730 SH SOLE N/A 46730 0 0 FOCUS MEDIA HOLDING ADR 34415V109 21624 1109493 SH SOLE N/A 1109493 0 0 FORD MOTOR COMPANY USD0.01 345370860 7945 739062 SH SOLE N/A 739062 0 0 FOREST LABORATORIES USD0.10 345838106 27244 900321 SH SOLE N/A 900321 0 0 FOSSIL INC USD.01 349882100 1801 22700 SH SOLE N/A 22700 0 0 FRANKLIN RESOURCES USD0.10 354613101 5953 61969 SH SOLE N/A 61969 0 0 FREEPORT-MCMORAN COPPER & GOLD USD0.1 35671D857 10524 286062 SH SOLE N/A 286062 0 0 FRONTIER COMMUNICATIONS CORP USD0.25 35906A108 159 30887 SH SOLE N/A 30887 0 0 FTI CONSULTING USD0.01 302941109 9692 228475 SH SOLE N/A 228475 0 0 GANNETT USD1 364730101 1610 120422 SH SOLE N/A 120422 0 0 GAP USD0.05 364760108 207 11147 SH SOLE N/A 11147 0 0 GATX COM 361448103 9742 223142 SH SOLE N/A 223142 0 0 GENERAL CABLE CORP 4.500% CONV 369300AL2 5794 6000000 PRN SOLE N/A 6000000 0 0 15/11/29 GENERAL ELECTRIC USD0.06 369604103 54371 3035784 SH SOLE N/A 3035784 0 0 GENERAL MILLS USD0.1 370334104 2827 69967 SH SOLE N/A 69967 0 0 GENESEE & WYOMING A USD.01 371559105 9433 155716 SH SOLE N/A 155716 0 0 GENUINE PARTS USD1.00 372460105 299 4893 SH SOLE N/A 4893 0 0 GENWORTH FINANCIAL USD0.001 CL A 37247D106 102 15654 SH SOLE N/A 15654 0 0 GERDAU NPV SPON ADR 373737105 4181 536026 SH SOLE N/A 536026 0 0 GILEAD SCIENCES USD.001 375558103 1158 28304 SH SOLE N/A 28304 0 0 GILEAD SCIENCES 0.625% CONV 375558AH6 11213 9870000 PRN SOLE N/A 9870000 0 0 01/05/13 GLAXOSMITHKLINE ADR 37733W105 456 10000 SH SOLE N/A 10000 0 0 GOL LINHAS AEREAS INTELIGENTES ADR 38045R107 312 47200 SH SOLE N/A 47200 0 0 GOLAR LNG LTD USD1 G9456A100 4001 90000 SH SOLE N/A 90000 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- GOLD FIELDS LTD SP ADR 38059T106 1638 107435 SH SOLE N/A 107435 0 0 GOLDCORP INC 2.000% CONV 380956AB8 7803 6400000 PRN SOLE N/A 6400000 0 0 01/08/14 GOLDMAN SACHS GROUP USD0.01 38141G104 10249 113331 SH SOLE N/A 113331 0 0 GOOGLE USD0.001 Cls A 38259P508 55562 86022 SH SOLE N/A 86022 0 0 GRAINGER WW USD0.5 384802104 2947 15741 SH SOLE N/A 15741 0 0 GRANITE CONSTRUCTION INC USD0.01 387328107 10344 436449 SH SOLE N/A 436449 0 0 GROUPON INC COM CL A 399473107 580 28100 SH SOLE N/A 28100 0 0 GRUPO AEROPORTUARIO ADR 40051E202 268 4794 SH SOLE N/A 4794 0 0 GRUPO TELEVISA ADR 40049J206 1489 70700 SH SOLE N/A 70700 0 0 GULF RESOURCES USD.001 40251W309 179 100000 SH SOLE N/A 100000 0 0 H&R BLOCK NPV 093671105 8956 548416 SH SOLE N/A 548416 0 0 HAEMONETICS CORP USD0.01 405024100 7061 115333 SH SOLE N/A 115333 0 0 HALLIBURTON USD2.5 406216101 5783 167617 SH SOLE N/A 167617 0 0 HANSEN NATURAL USD0.005 411310105 599 6500 SH SOLE N/A 6500 0 0 HARLEY-DAVIDSON USD0.01 412822108 282 7265 SH SOLE N/A 7265 0 0 HARTFORD FINANCIAL SERVICES USD.01 416515104 225 13875 SH SOLE N/A 13875 0 0 HARTFORD FINL SERVICES GP 7.250% CONV 416515708 5520 296800 PRN SOLE N/A 296800 0 0 01/04/13 HARVARD BIOSCIENCE USD0.01 416906105 5306 1374528 SH SOLE N/A 1374528 0 0 HCC INSURANCE USD1 404132102 8389 305044 SH SOLE N/A 305044 0 0 HCP USD1 40414L109 531 12820 SH SOLE N/A 12820 0 0 HDFC BANK ADR 40415F101 1253 47666 SH SOLE N/A 47666 0 0 HEALTH CARE REIT 3.000% CV 42217KAR7 8716 7580000 PRN SOLE N/A 7580000 0 0 01/12/21 HEALTH CARE REIT USD1 42217K106 306 5613 SH SOLE N/A 5613 0 0 HECKMANN CORP USD0.001 422680108 7968 1200000 SH SOLE N/A 1200000 0 0 HENRY SCHEIN USD0.01 806407102 22674 351979 SH SOLE N/A 351979 0 0 HERSHEY USD1 427866108 2928 47386 SH SOLE N/A 47386 0 0 HESS CORP USD1 42809H107 496 8739 SH SOLE N/A 8739 0 0 HEWLETT-PACKARD USD0.01 428236103 8128 315513 SH SOLE N/A 315513 0 0 HJ HEINZ USD0.25 423074103 2722 50361 SH SOLE N/A 50361 0 0 HOLLYFRONTIER CORPORATION COM 436106108 5024 214700 SH SOLE N/A 214700 0 0 HOME DEPOT USD0.05 437076102 3485 82899 SH SOLE N/A 82899 0 0 HONDA MOTOR SPONSORED ADR 438128308 3055 100000 SH SOLE N/A 100000 0 0 HONEYWELL INTERNATIONAL USD1 438516106 12901 237364 SH SOLE N/A 237364 0 0 HOST MARRIOTT USD0.01 44107P104 364 24686 SH SOLE N/A 24686 0 0 HSBC HOLDINGS SPONSORED ADR 404280406 1143 30000 SH SOLE N/A 30000 0 0 HUB GRP USD0.01 443320106 9841 303458 SH SOLE N/A 303458 0 0 HUDSON CITY BANCORP USD 0.01 443683107 111 17785 SH SOLE N/A 17785 0 0 HUMANA USD0.166 444859102 9875 112716 SH SOLE N/A 112716 0 0 HUNTINGTON BANCSHARES NPV 446150104 150 27353 SH SOLE N/A 27353 0 0 I SHARES SILVER TRUST ETF 46428Q109 1346 50000 SH SOLE N/A 50000 0 0 IAC/INTERACTIVE USD0.01 44919P508 10671 250494 SH SOLE N/A 250494 0 0 IAMGOLD CORP COM 450913108 4615 292600 SH SOLE N/A 292600 0 0 ICF INTERNATIONAL USD0.001 44925C103 9532 384661 SH SOLE N/A 384661 0 0 ICICI BANK ADR 45104G104 2123 80335 SH SOLE N/A 80335 0 0 IHS INC CLASS A USD0.01 451734107 3837 44537 SH SOLE N/A 44537 0 0 ILLINOIS TOOL WORKS USD0.01 452308109 13463 288222 SH SOLE N/A 288222 0 0 INDUSTRIAS BACHOCO ADR 456463108 241 12800 SH SOLE N/A 12800 0 0 INFORMATICA CORPORATION USD0.001 45666Q102 21886 592798 SH SOLE N/A 592798 0 0 INFOSYS LTD SP ADR 456788108 10537 205121 SH SOLE N/A 205121 0 0 INGERSOLL RAND A G47791101 318 10422 SH SOLE N/A 10422 0 0 INTEL CORP 2.950% CONV 458140AD2 20310 19600000 PRN SOLE N/A 19600000 0 0 15/12/35 INTEL CORPORATION USD0.001 458140100 54835 2261253 SH SOLE N/A 2261253 0 0 INTERCONTINENTAL EXCHANGE USD0.01 45865V100 19531 162015 SH SOLE N/A 162015 0 0 INTERDIGITAL USD0.01 45867G101 436 10000 SH SOLE N/A 10000 0 0 INTERNATIONAL BUSINESS MACHINES USD0.20 459200101 20718 112670 SH SOLE N/A 112670 0 0 INTERNATIONAL PAPER USD1 460146103 5840 197299 SH SOLE N/A 197299 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- INTERPUBLIC GROUP OF COMPANIES USD0.10 460690100 144 14806 SH SOLE N/A 14806 0 0 INTUIT USD0.01 461202103 2072 39390 SH SOLE N/A 39390 0 0 INTUITIVE SURGICAL USD0.001 46120E602 734 1585 SH SOLE N/A 1585 0 0 INVESCO NPV G491BT108 3456 172013 SH SOLE N/A 172013 0 0 INVITROGEN 1.500% CV 46185RAK6 2308 2330000 PRN SOLE N/A 2330000 0 0 15/02/24 IRON MOUNTAIN USD0.01 462846106 7185 233286 SH SOLE N/A 233286 0 0 ISHARES CHINA INDEX ETF 464287184 7819 225000 SH SOLE N/A 225000 0 0 ISHARES RUSSELL 2000 INDEX FUND ETF 464287655 7710 104307 SH SOLE N/A 104307 0 0 ITAU UNIBANCO ADR 465562106 34523 1862079 SH SOLE N/A 1862079 0 0 IVANHOE MINES LTD COM 46579N103 225 12696 SH SOLE N/A 12696 0 0 JM SMUCKER NPV 832696405 306 3909 SH SOLE N/A 3909 0 0 JOHNSON & JOHNSON USD1 478160104 49607 756440 SH SOLE N/A 756440 0 0 JOHNSON CONTROLS USD0.04166 478366107 14646 468537 SH SOLE N/A 468537 0 0 JOY GLOBAL USD1 481165108 1618 21579 SH SOLE N/A 21579 0 0 JPMORGAN CHASE & COMPANY USD1 46625H100 37893 1139987 SH SOLE N/A 1139987 0 0 JUNIPER NETWORKS USD0.00001 48203R104 2860 140147 SH SOLE N/A 140147 0 0 KANSAS CITY SOUTHERN USD 0.01 485170302 782 11500 SH SOLE N/A 11500 0 0 KELLOGG USD0.25 487836108 11503 227463 SH SOLE N/A 227463 0 0 KEYCORP USD1 493267108 1447 188108 SH SOLE N/A 188108 0 0 KIMBERLY-CLARK USD1.25 494368103 34454 468384 SH SOLE N/A 468384 0 0 KIMCO REALTY USD0.01 REITS 49446R109 201 12406 SH SOLE N/A 12406 0 0 KIRBY USD0.1 497266106 10141 154030 SH SOLE N/A 154030 0 0 KLA-TENCOR CORP USD.001 482480100 251 5206 SH SOLE N/A 5206 0 0 KNOLOGY INC COM 499183804 8799 620100 SH SOLE N/A 620100 0 0 KOHLS CORPORATION USD.01 500255104 413 8368 SH SOLE N/A 8368 0 0 KRAFT FOODS NPV 50075N104 3959 105996 SH SOLE N/A 105996 0 0 KROGER USD1 501044101 3196 131954 SH SOLE N/A 131954 0 0 KT CORP ADR 48268K101 3154 201800 SH SOLE N/A 201800 0 0 L-3 COMMUNICATIONS HOLDINGS USD0.01 502424104 5021 75300 SH SOLE N/A 75300 0 0 LABORATORY CORP OF AMERICA HLDGS USD0.1 50540R409 320 3717 SH SOLE N/A 3717 0 0 LAS VEGAS SANDS USD0.001 517834107 6425 150400 SH SOLE N/A 150400 0 0 LEGG MASON USD0.1 524901105 4967 206510 SH SOLE N/A 206510 0 0 LENNAR CORP USD0.1 CL A 526057104 1467 74658 SH SOLE N/A 74658 0 0 LIBERTY GLOBAL C USD0.01 530555309 1213 30700 SH SOLE N/A 30700 0 0 LIBERTY GLOBAL INC A USD0.01 530555101 410 10000 SH SOLE N/A 10000 0 0 LIBERTY INTERACTIVE CORP COM SER A 53071M104 1318 81300 SH SOLE N/A 81300 0 0 LIBERTY MEDIA 3.250% CV 530715AR2 5180 6341000 PRN SOLE N/A 6341000 0 0 15/03/31 LIBERTY MEDIA 3.125% CV 530718AF2 12981 11510000 PRN SOLE N/A 11510000 0 0 30/03/23 LIBERTY MEDIA HOLDING COM A 530322106 5645 72321 SH SOLE N/A 72321 0 0 LIFE TECHNOLOGIES USD0.01 53217V109 226 5804 SH SOLE N/A 5804 0 0 LILLY (ELI) & CO NPV 532457108 12524 301411 SH SOLE N/A 301411 0 0 LIMITED BRANDS USD0.50 532716107 700 17358 SH SOLE N/A 17358 0 0 LINCARE HOLDINGS USD0.01 532791100 14555 566131 SH SOLE N/A 566131 0 0 LINEAR 3.000% CONV 535678AC0 7621 7421000 PRN SOLE N/A 7421000 0 0 01/05/27 LINEAR TECHNOLOGY USD0.001 535678106 211 7017 SH SOLE N/A 7017 0 0 LINKEDIN CORPORATION COM CL A 53578A108 365 5800 SH SOLE N/A 5800 0 0 LKQ CORP USD0.01 501889208 10067 334801 SH SOLE N/A 334801 0 0 LOCKHEED MARTIN USD1 539830109 1060 13100 SH SOLE N/A 13100 0 0 LOEWS CORP USD0.01 540424108 365 9693 SH SOLE N/A 9693 0 0 LORILLARD USD0.01 544147101 1536 13477 SH SOLE N/A 13477 0 0 LOWE'S COMPANIES USD.5 548661107 43682 1721112 SH SOLE N/A 1721112 0 0 LSI LOGIC USD0.01 502161102 118 19830 SH SOLE N/A 19830 0 0 LUMOS NETWORKS CORP COM 550283105 4557 297036 SH SOLE N/A 297036 0 0 M&T BANK USD0.50 55261F104 281 3686 SH SOLE N/A 3686 0 0 MACY'S USD0.01 55616P104 402 12485 SH SOLE N/A 12485 0 0 MAGNA INTERNATIONAL COM 559222401 6830 205900 SH SOLE N/A 205900 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- MARATHON OIL USD1 565849106 17880 610856 SH SOLE N/A 610856 0 0 MARATHON PETROLEUM USD1 56585A102 364 10928 SH SOLE N/A 10928 0 0 MARKEL NPV 570535104 7999 19329 SH SOLE N/A 19329 0 0 MARKET VECTORS GOLD MINERS ETF ETF 57060U100 10628 206647 SH SOLE N/A 206647 0 0 MARRIOTT INTERNATIONAL A USD0.01 571903202 3239 111046 SH SOLE N/A 111046 0 0 MARSH & MCLENNAN USD1 571748102 1103 34873 SH SOLE N/A 34873 0 0 MARVELL TECHNOLOGY USD0.002 G5876H105 16029 1158200 SH SOLE N/A 1158200 0 0 MASCO CORPORATION USD1 574599106 113 10813 SH SOLE N/A 10813 0 0 MASTERCARD USD0.0001 57636Q104 10644 28551 SH SOLE N/A 28551 0 0 MATTEL USD1 577081102 503 18113 SH SOLE N/A 18113 0 0 MAXIM INTEGRATED PRODUCTS USD0.001 57772K101 9322 358000 SH SOLE N/A 358000 0 0 MCCORMICK & CO NPV 579780206 216 4279 SH SOLE N/A 4279 0 0 MCDONALDS CORPORATION USD0.01 580135101 6809 67869 SH SOLE N/A 67869 0 0 MCGRAW HILL COMPANIES USD1 580645109 439 9768 SH SOLE N/A 9768 0 0 MCKESSON CORPORATION USD0.01 58155Q103 12152 155979 SH SOLE N/A 155979 0 0 MDU RESOURCES USD1.00 552690109 4732 220500 SH SOLE N/A 220500 0 0 MEAD JOHNSON NUTRITION COMPANY USD0.01 582839106 477 6935 SH SOLE N/A 6935 0 0 MEDCO HEALTH SOLUTIONS USD.01 58405U102 1848 33058 SH SOLE N/A 33058 0 0 MEDNAX INC USD0.01 58502B106 16253 225732 SH SOLE N/A 225732 0 0 MEDTRONIC 1.625% CONV 585055AM8 12839 12747000 PRN SOLE N/A 12747000 0 0 15/04/13 MEDTRONIC INC USD0.10 585055106 42786 1118893 SH SOLE N/A 1118893 0 0 MERCK & CO USD0.01 58933Y105 15421 409162 SH SOLE N/A 409162 0 0 METABOLIX USD0.01 591018809 384 84584 SH SOLE N/A 84584 0 0 METLIFE USD0.01 59156R108 1074 34447 SH SOLE N/A 34447 0 0 METLIFE INC 5.000% 59156R116 7900 128500 PRN SOLE N/A 128500 0 0 00/01/00 METROPCS COMMUNICATIONS USD0.0001 591708102 3430 395130 SH SOLE N/A 395130 0 0 METTLER TOLEDO INT COM 592688105 9761 66080 SH SOLE N/A 66080 0 0 MICROCHIP TECHNOLOGY USD0.001 595017104 221 6037 SH SOLE N/A 6037 0 0 MICRON TECHNOLOGY USD0.10 595112103 185 29457 SH SOLE N/A 29457 0 0 MICROSEMI CORPORATION USD.2.00 595137100 7752 462819 SH SOLE N/A 462819 0 0 MICROSOFT CORPORATION USD0.0000125 594918104 93203 3590250 SH SOLE N/A 3590250 0 0 MINAS BUENAVENTURA NPV ADR 204448104 5545 144616 SH SOLE N/A 144616 0 0 MOBILE TELESYSTEMS ADR 607409109 4889 333248 SH SOLE N/A 333248 0 0 MOHAWK INDUSTRIES USD0.01 608190104 10826 180912 SH SOLE N/A 180912 0 0 MOLSON COORS 2.500% CV 60871RAA8 12185 11712000 PRN SOLE N/A 11712000 0 0 30/07/13 MOLSON COORS BREWING USD0.01 60871R209 218 5010 SH SOLE N/A 5010 0 0 MOLYCORP 5.500% CONV 608753208 3754 67100 PRN SOLE N/A 67100 0 0 01/03/14 MONSANTO USD0.01 61166W101 13897 198335 SH SOLE N/A 198335 0 0 MOODYS CORPORATION USD0.01 615369105 3233 95996 SH SOLE N/A 95996 0 0 MORGAN STANLEY USD0.01 617446448 1080 71367 SH SOLE N/A 71367 0 0 MOSAIC NPV 61945C103 3002 59533 SH SOLE N/A 59533 0 0 MOTOROLA MOBILITY HOLDINGS USD0.01 620097105 343 8844 SH SOLE N/A 8844 0 0 MOTOROLA SOLUTIONS INC USD 0.01 620076307 4803 103764 SH SOLE N/A 103764 0 0 MURPHY OIL USD1.00 626717102 379 6796 SH SOLE N/A 6796 0 0 MYLAN LABORATORIES USD0.5 628530107 294 13717 SH SOLE N/A 13717 0 0 NATIONAL AMERICAN UNIVERSITY HOLDINGS COM 63245Q105 519 69051 SH SOLE N/A 69051 0 0 NATIONAL OILWELL VARCO USD0.01 637071101 883 12985 SH SOLE N/A 12985 0 0 NAVISTAR 3.000% CONV 63934EAL2 6412 5900000 PRN SOLE N/A 5900000 0 0 15/10/14 NETAPP INC USD0.001 64110D104 410 11313 SH SOLE N/A 11313 0 0 NETEASE.COM ADR USD0.0001 64110W102 969 21600 SH SOLE N/A 21600 0 0 NEW ORIENTAL EDUCATION ADR 647581107 659 27400 SH SOLE N/A 27400 0 0 NEWMONT MINING USD1.6 651639106 36912 615099 SH SOLE N/A 615099 0 0 NEWMONT MINING 1.250% CONV 651639AH9 7040 5030000 PRN SOLE N/A 5030000 0 0 15/07/14 NEWS CORP USD0.01 A SHS 65248E104 1227 68788 SH SOLE N/A 68788 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- NEXEN INC COM 65334H102 2486 157100 SH SOLE N/A 157100 0 0 NEXTERA ENERGY INC USD0.01 65339F101 837 13744 SH SOLE N/A 13744 0 0 NII HOLDINGS USD0.001 62913F201 1042 48937 SH SOLE N/A 48937 0 0 NIKE NPV CL B 654106103 5022 52115 SH SOLE N/A 52115 0 0 NISOURCE USD0.01 65473P105 205 8606 SH SOLE N/A 8606 0 0 NOBLE ENERGY USD3.333 655044105 5518 58464 SH SOLE N/A 58464 0 0 NORDSTROM NPV 655664100 260 5224 SH SOLE N/A 5224 0 0 NORFOLK SOUTHERN CORPORATION USD1.00 655844108 3324 45628 SH SOLE N/A 45628 0 0 NORTHERN TRUST USD1.66 665859104 1176 29664 SH SOLE N/A 29664 0 0 NORTHROP GRUMAN USD1 666807102 456 7796 SH SOLE N/A 7796 0 0 NOVELLUS SYSTEMS NPV 670008101 3438 83269 SH SOLE N/A 83269 0 0 NRG ENERGY USD0.01 629377508 241 13300 SH SOLE N/A 13300 0 0 NTELOS HOLDINGS CORP NEW 67020Q305 4811 236647 SH SOLE N/A 236647 0 0 NTT CORP SPONSORED ADR 654624105 1266 50000 SH SOLE N/A 50000 0 0 NUANCE COMMUNIC 2.750% CONV 67020YAB6 6250 4300000 PRN SOLE N/A 4300000 0 0 15/08/27 NUCOR CORP USD0.40 670346105 869 21952 SH SOLE N/A 21952 0 0 NVIDIA CORPORATION USD0.001 67066G104 254 18309 SH SOLE N/A 18309 0 0 NYSE EURONEXT USD0.01 629491101 206 7878 SH SOLE N/A 7878 0 0 O REILLY AUTOMOTIVE INC USD 0.01 67103H107 3429 42896 SH SOLE N/A 42896 0 0 OCCIDENTAL PETROLEUM USD0.20 674599105 68840 734684 SH SOLE N/A 734684 0 0 OLD REPUBLIC INTL 3.750% CNV 680223AH7 5719 6550000 PRN SOLE N/A 6550000 0 0 15/03/18 OMNICOM 0.000% CNV 682134AA9 20738 19610000 PRN SOLE N/A 19610000 0 0 01/07/38 OMNICOM GROUP USD0.15 681919106 1239 27803 SH SOLE N/A 27803 0 0 ONEOK INC USD0.01 682680103 282 3251 SH SOLE N/A 3251 0 0 OPENWAVE SYSTEM INC USD0.001 683718308 157 100000 SH SOLE N/A 100000 0 0 ORACLE CORPORATION USD0.01 68389X105 4950 192985 SH SOLE N/A 192985 0 0 ORBITAL SCIENCES CORPORATION COM 685564106 9063 623745 SH SOLE N/A 623745 0 0 ORIGIN AGRITECH USD0.0001 G67828106 708 300000 SH SOLE N/A 300000 0 0 PACCAR USD1 693718108 35476 946793 SH SOLE N/A 946793 0 0 PALL CORPORATION USD.1 696429307 5913 103465 SH SOLE N/A 103465 0 0 PAMPA ENERGIA SA ADR 697660207 535 49789 SH SOLE N/A 49789 0 0 PARKER HANNIFIN USD0.05 701094104 371 4866 SH SOLE N/A 4866 0 0 PAYCHEX USD0.01 704326107 307 10185 SH SOLE N/A 10185 0 0 PEABODY ENERGY USD0.01 704549104 20068 606096 SH SOLE N/A 606096 0 0 PEABODY ENERGY 4.750% CONV 704549AG9 13693 13403000 PRN SOLE N/A 13403000 0 0 15/12/41 PENTAIR USD0.167 709631105 6658 200000 SH SOLE N/A 200000 0 0 PEOPLE UNITED FINANCIAL USD0.01 712704105 152 11865 SH SOLE N/A 11865 0 0 PEPSICO CAP STK USD0.0166 713448108 40204 606033 SH SOLE N/A 606033 0 0 PERFECT WORLD ADR 71372U104 13171 1259204 SH SOLE N/A 1259204 0 0 PERRIGO COMPANY COM 714290103 272 2800 SH SOLE N/A 2800 0 0 PETROBRAS ARGENTINA S.A ADR 71646J109 678 53710 SH SOLE N/A 53710 0 0 PETROBRAS ON ADR 71654V408 52398 2108552 SH SOLE N/A 2108552 0 0 PETROBRAS PN ADR 71654V101 24054 1024012 SH SOLE N/A 1024012 0 0 PETROCHINA ADR NPV 71646E100 1067 8586 SH SOLE N/A 8586 0 0 PFIZER INC USD0.05 717081103 90475 4180921 SH SOLE N/A 4180921 0 0 PG&E CORPORATION NPV 69331C108 840 20384 SH SOLE N/A 20384 0 0 PHILIP MORRIS INTL NPV 718172109 38565 491405 SH SOLE N/A 491405 0 0 PHILIPPINE LONG DISTANCE TELEPHONE ADR 718252604 3826 66400 SH SOLE N/A 66400 0 0 PICO HOLDINGS INC COM NEW 693366205 1027 50000 SH SOLE N/A 50000 0 0 PIONEER NATURAL RESOURCES USD0.01 723787107 1163 13000 SH SOLE N/A 13000 0 0 PITNEY BOWES USD1 724479100 1068 57586 SH SOLE N/A 57586 0 0 PLUM CREEK TIMBER USD0.01 729251108 4748 129910 SH SOLE N/A 129910 0 0 PNC FINANCIAL SERVICES USD5.00 693475105 951 16497 SH SOLE N/A 16497 0 0 POOL CORP USD0.001 73278L105 10489 348583 SH SOLE N/A 348583 0 0 POSCO ADR 693483109 2184 26600 SH SOLE N/A 26600 0 0 PPG INDUSTRIES USD1.67 693506107 422 5057 SH SOLE N/A 5057 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- PPL CORPORATION USD0.01 69351T106 523 17775 SH SOLE N/A 17775 0 0 PRAXAIR USD0.01 74005P104 32388 302979 SH SOLE N/A 302979 0 0 PRECISION CASTPARTS NPV 740189105 6358 38586 SH SOLE N/A 38586 0 0 PREMIERE GLOBAL SERVICES USD0.01 740585104 8237 973623 SH SOLE N/A 973623 0 0 PRESTIGE BRANDS USD0.01 74112D101 6072 538742 SH SOLE N/A 538742 0 0 PRICELINE.COM USD0.008 741503403 8302 17751 SH SOLE N/A 17751 0 0 PRINCIPAL FINANCIAL USD0.01 74251V102 10615 431496 SH SOLE N/A 431496 0 0 PROCTER & GAMBLE NPV 742718109 41111 616266 SH SOLE N/A 616266 0 0 PROGRESS ENERGY NPV 743263105 807 14404 SH SOLE N/A 14404 0 0 PROGRESSIVE CORPORATION USD1.00 743315103 393 20150 SH SOLE N/A 20150 0 0 PROLOGIS 0.01 COM 74340W103 434 15177 SH SOLE N/A 15177 0 0 PROLOGIS SER WI 3.250% CONV 74340XAT8 6056 5850000 PRN SOLE N/A 5850000 0 0 15/03/15 PRUDENTIAL FINANCIAL USD0.01 744320102 10929 218065 SH SOLE N/A 218065 0 0 PUBLIC SERVICE ENTERPRISE NPV 744573106 853 25844 SH SOLE N/A 25844 0 0 PUBLIC STORAGE USD0.10 REITS 74460D109 631 4695 SH SOLE N/A 4695 0 0 PULTE GROUP INC USD0.01 745867101 65 10290 SH SOLE N/A 10290 0 0 QUALCOMM USD.0001 747525103 10776 197002 SH SOLE N/A 197002 0 0 QUANTA SERVICES USD0.00001 74762E102 25554 1186922 SH SOLE N/A 1186922 0 0 QUEST DIAGNOSTICS USD0.01 74834L100 288 4962 SH SOLE N/A 4962 0 0 RALPH LAUREN CORPORATION CL A 751212101 3632 26307 SH SOLE N/A 26307 0 0 RANGE RESOURCES USD0.01 75281A109 1860 30033 SH SOLE N/A 30033 0 0 RAYONIER INC COM 754907103 8926 200000 SH SOLE N/A 200000 0 0 RAYTHEON USD.01 755111507 11205 231608 SH SOLE N/A 231608 0 0 RED HAT INC USD0.0001 756577102 253 6137 SH SOLE N/A 6137 0 0 REGAL BELOIT CORPORATION COM 758750103 1433 28119 SH SOLE N/A 28119 0 0 REGIONS FINANCIAL USD0.01 7591EP100 172 40036 SH SOLE N/A 40036 0 0 REPUBLIC SERVICES USD0.01 760759100 273 9902 SH SOLE N/A 9902 0 0 RESEARCH IN MOTION NPV 760975102 10212 704790 SH SOLE N/A 704790 0 0 RESMED INC USD.004 761152107 8635 340097 SH SOLE N/A 340097 0 0 REX ENERGY CORP COM 761565100 10304 698571 SH SOLE N/A 698571 0 0 REYNOLDS AMERICAN USD0.0001 761713106 436 10516 SH SOLE N/A 10516 0 0 ROCKWELL AUTOMATION USD1 773903109 327 4462 SH SOLE N/A 4462 0 0 ROCKWELL COLLINS USD.01 774341101 282 5093 SH SOLE N/A 5093 0 0 ROGERS COMM CL B 775109200 3988 103821 SH SOLE N/A 103821 0 0 ROPER INDUSTRIES USD0.01 776696106 14074 162028 SH SOLE N/A 162028 0 0 ROPER INDUSTRIES 0.000% CONV 776696AA4 4904 4500000 PRN SOLE N/A 4500000 0 0 15/01/34 ROSS STORES USD0.01 778296103 474 9970 SH SOLE N/A 9970 0 0 ROVI 2.625% CV 779376AB8 5844 5800000 PRN SOLE N/A 5800000 0 0 15/02/40 ROYAL BANK OF CANADA COM 780087102 2525 49665 SH SOLE N/A 49665 0 0 SAFEWAY INC USD0.01 786514208 24649 1171524 SH SOLE N/A 1171524 0 0 SALESFORCE.COM INC USD0.001 79466L302 979 9648 SH SOLE N/A 9648 0 0 SANDERSON FARMS USD1 800013104 11055 220527 SH SOLE N/A 220527 0 0 SANDISK CORP 1.500% CNV 80004CAD3 11052 9370000 PRN SOLE N/A 9370000 0 0 15/08/17 SANDISK CORPORATION USD0.001 80004C101 9481 192713 SH SOLE N/A 192713 0 0 SANOFI SP ADR 80105N105 8075 221000 SH SOLE N/A 221000 0 0 SARA LEE USD0.01 803111103 343 18150 SH SOLE N/A 18150 0 0 SBA COMMUNICATIONS USD0.01 78388J106 11498 267758 SH SOLE N/A 267758 0 0 SCHLUMBERGER USD0.01 806857108 10338 151365 SH SOLE N/A 151365 0 0 SEI INVESTMENTS USD0.01 784117103 3291 189799 SH SOLE N/A 189799 0 0 SEMPRA ENERGY NPV 816851109 577 10490 SH SOLE N/A 10490 0 0 SHERWIN WILLIAMS USD1.00 824348106 545 6103 SH SOLE N/A 6103 0 0 SIEMENS SPONSORED ADR 826197501 1912 20000 SH SOLE N/A 20000 0 0 SIGMA-ALDRICH USD1 826552101 241 3865 SH SOLE N/A 3865 0 0 SILVER STANDARD RESOURCES INC COM 82823L106 584 42268 SH SOLE N/A 42268 0 0 SIMON PROPERTY USD0.0001 REIT 828806109 1139 8835 SH SOLE N/A 8835 0 0 SIMPSON MANUFACTURING USD0.01 829073105 11240 334031 SH SOLE N/A 334031 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- SK TELECOM ADR 78440P108 622 45700 SH SOLE N/A 45700 0 0 SLM CORP USD0.2 78442P106 11276 841475 SH SOLE N/A 841475 0 0 SMITH A O CORPORATION COM 831865209 8022 200000 SH SOLE N/A 200000 0 0 SOHU COM INC COM 83408W103 210 4200 SH SOLE N/A 4200 0 0 SOUTHERN USD5 842587107 1757 37974 SH SOLE N/A 37974 0 0 SOUTHERN COPPER USD0.01 84265V105 1722 57090 SH SOLE N/A 57090 0 0 SOUTHWEST AIRLINES USD1 844741108 18751 2190562 SH SOLE N/A 2190562 0 0 SOUTHWESTERN ENERGY USD0.10 845467109 347 10865 SH SOLE N/A 10865 0 0 SPDR SP 500 ETF TRUST ETF TR TR UNIT 78462F103 22197 176871 SH SOLE N/A 176871 0 0 SPECTRA ENERGY NPV 847560109 25044 814453 SH SOLE N/A 814453 0 0 SPRINT NEXTEL USD2.00 852061100 32499 13948223 SH SOLE N/A 13948223 0 0 ST JUDE MEDICAL USD0.1 790849103 3628 105765 SH SOLE N/A 105765 0 0 STANLEY BLACK 4.750% CONV 854502309 9963 85200 PRN SOLE N/A 85200 0 0 17/11/15 STANLEY BLACK & DECKER USD2.5 854502101 10773 159359 SH SOLE N/A 159359 0 0 STAPLES USD0.0006 855030102 307 22136 SH SOLE N/A 22136 0 0 STARBUCKS CORPORATION NPV 855244109 8360 181705 SH SOLE N/A 181705 0 0 STARWOOD HOTELS & RESORTS USD0.01 85590A401 3130 65255 SH SOLE N/A 65255 0 0 STATE STREET USD1 857477103 11105 275546 SH SOLE N/A 275546 0 0 STERICYCLE USD0.01 858912108 751 9644 SH SOLE N/A 9644 0 0 STERLITE INDUSTRIES INDIA ADR 859737207 424 61145 SH SOLE N/A 61145 0 0 STRYKER CORP USD0.1 863667101 2303 46338 SH SOLE N/A 46338 0 0 SUNTRUST BANKS USD1 867914103 292 16524 SH SOLE N/A 16524 0 0 SYMANTEC 1.000% CONV 871503AF5 14143 12794000 PRN SOLE N/A 12794000 0 0 15/06/13 SYMANTEC CORP USD.01 871503108 12137 775543 SH SOLE N/A 775543 0 0 SYNGENTA ADR 87160A100 2358 40000 SH SOLE N/A 40000 0 0 SYNOPSYS USD0.01 871607107 558 20500 SH SOLE N/A 20500 0 0 SYSCO CORPORATION USD1 871829107 586 19992 SH SOLE N/A 19992 0 0 T ROWE PRICE GROUP USD0.20 74144T108 441 7744 SH SOLE N/A 7744 0 0 TAIWAN SEMICONDUCTOR MANUFACTURING ADR 874039100 2290 177365 SH SOLE N/A 177365 0 0 TAM SA SP ADR REP PRF 87484D103 277 14300 SH SOLE N/A 14300 0 0 TARGET CORPORATION USD0.0833 87612E106 2931 57216 SH SOLE N/A 57216 0 0 TATA MOTORS ADR USD0.10 876568502 1390 82261 SH SOLE N/A 82261 0 0 TECO ENERGY USD1 872375100 3842 200730 SH SOLE N/A 200730 0 0 TELE NORTE LESTE PARTICIPACOES L2 ADR 879246106 476 50000 SH SOLE N/A 50000 0 0 TELECOM CORPORATION OF NEW ZEALAND ADR 879278208 1596 200000 SH SOLE N/A 200000 0 0 LIMITED SP TELEDYNE TECHNOLOGIES USD0.01 879360105 7305 133200 SH SOLE N/A 133200 0 0 TELEF BRASIL ADR 87936R106 13394 490097 SH SOLE N/A 490097 0 0 TELEFLEX 3.875% CONV 879369AA4 8824 7250000 PRN SOLE N/A 7250000 0 0 01/08/17 TELEFONICA SPONSORED ADR 879382208 1718 100000 SH SOLE N/A 100000 0 0 TELEKOMUNIK INDONESIA IDR250 ADR 715684106 5140 167200 SH SOLE N/A 167200 0 0 TENARIS USD1.00 ADR 88031M109 2049 55100 SH SOLE N/A 55100 0 0 TENET HEALTHCARE USD.075 88033G100 79 15485 SH SOLE N/A 15485 0 0 TERADATA USD0.01 88076W103 291 6006 SH SOLE N/A 6006 0 0 TERNIUM USD1.00 ADR 880890108 545 29635 SH SOLE N/A 29635 0 0 TEVA PHARMACEUTICAL ADR 881624209 807 20000 SH SOLE N/A 20000 0 0 TEVA PHARMACEUTICAL 0.250% CONV 88163VAE9 15741 15120000 PRN SOLE N/A 15120000 0 0 01/02/26 TEXAS INSTRUMENTS USD1 882508104 32468 1115733 SH SOLE N/A 1115733 0 0 THERMO ELECTRON CORPORATION USD1 883556102 1344 29878 SH SOLE N/A 29878 0 0 TIFFANY & CO USD0.01 886547108 915 13813 SH SOLE N/A 13813 0 0 TIM PARTICIPACOES SA SP ADR 88706P205 2595 100589 SH SOLE N/A 100589 0 0 TIME WARNER USD0.01 887317303 1217 33688 SH SOLE N/A 33688 0 0 TIME WARNER CABLE USD0.01 88732J207 4321 67988 SH SOLE N/A 67988 0 0 TJX COMPANIES USD1 872540109 751 11637 SH SOLE N/A 11637 0 0 TOLL BROTHERS USD.01 889478103 1429 70000 SH SOLE N/A 70000 0 0 TOWERS WATSON AND CO CL A 891894107 22318 372400 SH SOLE N/A 372400 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- TRANSATLANTIC HLDGS USD1 893521104 381 6965 SH SOLE N/A 6965 0 0 TRAVELERS COS NPV 89417E109 38770 655228 SH SOLE N/A 655228 0 0 TRIMBLE NAVIGATION NPV 896239100 1599 36856 SH SOLE N/A 36856 0 0 TURKCELL ILETISIM HIZMET ADS 900111204 588 50000 SH SOLE N/A 50000 0 0 TYSON FOODS CLS A USD0.10 902494103 212 10254 SH SOLE N/A 10254 0 0 UNILEVER NY REG SHS NPV 904784709 1719 50000 SH SOLE N/A 50000 0 0 UNION PACIFIC USD2.5 907818108 48294 455862 SH SOLE N/A 455862 0 0 UNITED CONTINENTAL HOLDINGS USD.01 910047109 1371 72700 SH SOLE N/A 72700 0 0 UNITED PARCEL SERVICE CLASS B USD0.01 911312106 2177 29747 SH SOLE N/A 29747 0 0 UNITED TECHNOLOGIES USD1 913017109 9808 134214 SH SOLE N/A 134214 0 0 UNITEDHEALTH USD.01 91324P102 51679 1019721 SH SOLE N/A 1019721 0 0 UNIVERSAL TRUCKLOAD SERVICES NPV 91388P105 7590 419785 SH SOLE N/A 419785 0 0 UNUM GROUP USD0.10 91529Y106 201 9534 SH SOLE N/A 9534 0 0 US BANCORP USD0.01 902973304 69240 2559707 SH SOLE N/A 2559707 0 0 US STEEL CORP 4.000% CONV 912909AE8 5831 5250000 PRN SOLE N/A 5250000 0 0 15/05/14 VALE ON ADR 91912E105 18755 874338 SH SOLE N/A 874338 0 0 VALE PN ADR 91912E204 47318 2298101 SH SOLE N/A 2298101 0 0 VALERO ENERGY USD0.01 91913Y100 1883 89473 SH SOLE N/A 89473 0 0 VANGUARD MSCI EMERGING MARKETS ETF 922042858 2075 54892 SH SOLE N/A 54892 0 0 VARIAN MEDICAL SYSTEMS USD1 92220P105 249 3713 SH SOLE N/A 3713 0 0 VENTAS USD0.25 92276F100 524 9510 SH SOLE N/A 9510 0 0 VERIZON COMMUNICATIONS USD0.10 92343V104 19613 488863 SH SOLE N/A 488863 0 0 VF CORP USD1 918204108 353 2778 SH SOLE N/A 2778 0 0 VIACOM INC B NON VTG USD0.001 92553P201 818 18005 SH SOLE N/A 18005 0 0 VIASAT USD0.0001 92552V100 10119 219400 SH SOLE N/A 219400 0 0 VIMPELCOM LTD ADR W/I 92719A106 710 75000 SH SOLE N/A 75000 0 0 VISA INC CLASS A SHARES USD0.0001 92826C839 15231 150016 SH SOLE N/A 150016 0 0 VODAFONE GROUP PLC SP ADR 92857W209 10922 389800 SH SOLE N/A 389800 0 0 VORNADO REALTY 3.875% CV 929043AC1 6862 6875000 PRN SOLE N/A 6875000 0 0 15/04/25 VORNADO REALTY TRUST USD0.04 929042109 483 6279 SH SOLE N/A 6279 0 0 WALGREEN USD0.07812 931422109 51925 1570636 SH SOLE N/A 1570636 0 0 WAL-MART STORES USD0.10 931142103 74853 1252567 SH SOLE N/A 1252567 0 0 WALT DISNEY USD0.01 254687106 3936 104963 SH SOLE N/A 104963 0 0 WARNER CHILCOTT PLC USD0.01 G94368100 7404 489700 SH SOLE N/A 489700 0 0 WASTE CONNECTIONS USD.01 941053100 6590 198852 SH SOLE N/A 198852 0 0 WASTE MANAGEMENT USD.01 94106L109 4157 127112 SH SOLE N/A 127112 0 0 WATERS CORPORATION USD0.01 941848103 214 2886 SH SOLE N/A 2886 0 0 WATSON PHARMACEUTICALS USD0.0033 942683103 235 3900 SH SOLE N/A 3900 0 0 WEIGHT WATCHERS INTL NPV 948626106 4068 73952 SH SOLE N/A 73952 0 0 WELLPOINT USD0.01 94973V107 11876 179260 SH SOLE N/A 179260 0 0 WELLS FARGO 7.500% CONV 949746804 25424 24042 PRN SOLE N/A 24042 0 0 PERP WELLS FARGO & CO USD1.6667 949746101 80759 2930302 SH SOLE N/A 2930302 0 0 WESTERN DIGITAL USD0.01 958102105 233 7530 SH SOLE N/A 7530 0 0 WESTERN UNION USD0.01 959802109 379 20747 SH SOLE N/A 20747 0 0 WEYERHAEUSER USD1.25 962166104 7779 416662 SH SOLE N/A 416662 0 0 WHOLE FOODS MARKET COM 966837106 2308 33175 SH SOLE N/A 33175 0 0 WILLBROS GRP USD0.05 969203108 4599 1253130 SH SOLE N/A 1253130 0 0 WILLIAMS USD1 969457100 29430 891278 SH SOLE N/A 891278 0 0 WINDSTREAM CORP USD0.0001 97381W104 179 15244 SH SOLE N/A 15244 0 0 WIPRO ADR 97651M109 255 25000 SH SOLE N/A 25000 0 0 WISCONSIN ENERGY USD0.01 976657106 250 7164 SH SOLE N/A 7164 0 0 WR BERKLEY USD0.2 084423102 13572 394663 SH SOLE N/A 394663 0 0 WYNDHAM WORLDWIDE CORP USD0.01 98310W108 209 5537 SH SOLE N/A 5537 0 0 WYNN RESORTS USD0.01 983134107 37858 342638 SH SOLE N/A 342638 0 0 XCEL ENERGY USD2.50 98389B100 589 21312 SH SOLE N/A 21312 0 0 XEROX USD1 984121103 352 44207 SH SOLE N/A 44207 0 0 XILINX USD0.01 983919101 2413 75258 SH SOLE N/A 75258 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 --------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- XILINX 3.125% CONV 983919AD3 5408 4696000 PRN SOLE N/A 4696000 0 0 15/03/37 XILINX INC 2.625% CONV 983919AF8 3886 3050000 PRN SOLE N/A 3050000 0 0 15/06/17 XYLEM INC COM 98419M100 11357 442076 SH SOLE N/A 442076 0 0 YAHOO USD0.001 984332106 636 39480 SH SOLE N/A 39480 0 0 YAMANA GOLD INC COM 98462Y100 1541 104925 SH SOLE N/A 104925 0 0 YPF SA ADR 984245100 2616 75421 SH SOLE N/A 75421 0 0 YUM BRANDS NPV 988498101 3004 50911 SH SOLE N/A 50911 0 0 ZIMMER HOLDINGS USD0.01 98956P102 319 5976 SH SOLE N/A 5976 0 0