-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MrQ721mq4dbIygUMeUIvtRwJlvEtAza0IAdwgOuD/a+8GHgSHHHc1TqxgnjUVpbH YslidclpQptJGqnv7TZL7Q== 0000919574-08-008185.txt : 20081114 0000919574-08-008185.hdr.sgml : 20081114 20081114112634 ACCESSION NUMBER: 0000919574-08-008185 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081114 DATE AS OF CHANGE: 20081114 EFFECTIVENESS DATE: 20081114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROSPECTOR PARTNERS LLC CENTRAL INDEX KEY: 0001080380 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04685 FILM NUMBER: 081188134 BUSINESS ADDRESS: STREET 1: 370 CHURCH STREET 2: STREET CITY: GUILFORD STATE: CT ZIP: 06437 MAIL ADDRESS: STREET 1: 370 CHURCH STREET 2: STREET CITY: GUILFORD STATE: CT ZIP: 06437 13F-HR 1 d938406_13f-hr.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 September 30, 2008 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Prospector Partners, LLC Address: 370 Church Street Guilford, CT 06437 13F File Number: 028-04685 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: John D. Gillespie Title: Managing Member Phone: (203) 458-1500 Signature, Place and Date of Signing: /s/ John D. Gillespie Guilford, CT November 14, 2008 - ----------------------- -------------------------- ---------------------- [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 managers(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: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 5 Form 13F Information Table Entry Total: 329 Form 13F Information Table Value Total: $2,628,178 --------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1. 028-00470 White Mountains Advisors LLC 2. 028-11122 Leucadia National Corporation 3. 028-13130 Lancashire Insurance Company Limited 4. 028-12599 Montpelier Re Holdings, Ltd. 5. 028-12951 OneBeacon Insurance Group, Ltd. ----------------------- -------------------------------------- FORM 13F INFORMATION TABLE Prospector Partners, LLC
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE ABINGTON BANCORP INC COM 00350L109 2,529 249,940 SH SOLE NONE 249,940 AETNA INC NEW COM 00817Y108 10,010 277,200 SH SOLE NONE 277,200 AETNA INC NEW COM 00817Y108 1,423 39,400 SH SHARED 1 39,400 AFC ENTERPRISES INC COM 00104Q107 129 17,700 SH SOLE NONE 17,700 AFFILIATED MANAGERS GROUP COM 008252108 2,229 26,900 SH SOLE NONE 26,900 AFFILIATED MANAGERS GROUP COM 008252108 307 3,700 SH SHARED 1 3,700 ALCOA INC COM 013817101 16,109 713,400 SH SOLE 2,3,4,5 713,400 ALCOA INC COM 013817101 7,345 325,300 SH SHARED 1 325,300 AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 16,216 16,675,000 PRN SOLE 2,3,4,5 16,675,000 AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 9,069 9,325,000 PRN SHARED 1 9,325,000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 352 23,100 SH SOLE NONE 23,100 AMERICAN EXPRESS CO COM 025816109 1,772 50,000 CALL SOLE NONE 50,000 AMERICAN WTR WKS CO INC NEW COM 030420103 770 35,800 SH SOLE NONE 35,800 AMERICAN WTR WKS CO INC NEW COM 030420103 155 7,200 SH SHARED 1 7,200 AMERICREDIT CORP COM 03060R101 2,512 248,000 SH SOLE NONE 248,000 AMERISAFE INC COM 03071H100 1,305 71,700 SH SOLE NONE 71,700 AMGEN INC NOTE 0.125% 2/0 031162AN0 43,865 47,875,000 PRN SOLE 2,3,4,5 47,875,000 AMGEN INC NOTE 0.125% 2/0 031162AN0 23,021 25,125,000 PRN SHARED 1 25,125,000 AMR CORP NOTE 4.500% 2/1 001765BB1 9,788 10,875,000 PRN SOLE 2,3,4,5 10,875,000 AMR CORP NOTE 4.500% 2/1 001765BB1 5,513 6,125,000 PRN SHARED 1 6,125,000 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 5,368 232,400 SH SOLE 2,3,4,5 232,400 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 2,139 92,600 SH SHARED 1 92,600 AON CORP COM 037389103 7,472 166,200 SH SOLE NONE 166,200 AON CORP COM 037389103 1,142 25,400 SH SHARED 1 25,400 ARCH CAP GROUP LTD ORD G0450A105 1,417 19,400 SH SOLE NONE 19,400 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 29,944 37,025,000 PRN SOLE 2,3,4,5 37,025,000 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 16,155 19,975,000 PRN SHARED 1 19,975,000 ASSURANT INC COM 04621X108 5,473 99,500 SH SOLE NONE 99,500 ASSURANT INC COM 04621X108 979 17,800 SH SHARED 1 17,800 AUTOMATIC DATA PROCESSING IN COM 053015103 22,897 535,600 SH SOLE 2,3,4,5 535,600 AUTOMATIC DATA PROCESSING IN COM 053015103 9,747 228,000 SH SHARED 1 228,000 AXIS CAPITAL HOLDINGS SHS G0692U109 14,076 443,900 SH SOLE NONE 443,900 AXIS CAPITAL HOLDINGS SHS G0692U109 441 13,900 SH SHARED 1 13,900 BANKFINANCIAL CORP COM 06643P104 831 56,600 SH SOLE NONE 56,600 BANKFINANCIAL CORP COM 06643P104 338 23,000 SH SHARED 1 23,000 BARRICK GOLD CORP COM 067901108 48,335 1,315,600 SH SOLE 2,3,4,5 1,315,600 BARRICK GOLD CORP COM 067901108 21,537 586,200 SH SHARED 1 586,200 BERKLEY W R CORP COM 084423102 1,597 67,800 SH SOLE NONE 67,800 BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,828 14 SH SOLE NONE 14 BERKSHIRE HATHAWAY INC DEL CL B 084670207 102,298 23,276 SH SOLE 2,3,4,5 23,276 BERKSHIRE HATHAWAY INC DEL CL B 084670207 27,130 6,173 SH SHARED 1 6,173 BEVERLY NATL CORP COM 088115100 322 18,000 SH SOLE NONE 18,000 BLOCK H & R INC COM 093671105 25,632 1,126,700 SH SOLE 2,3,4,5 1,126,700 BLOCK H & R INC COM 093671105 11,484 504,800 SH SHARED 1 504,800 BROOKLYN FEDERAL BANCORP INC COM 114039100 1,594 107,800 SH SOLE NONE 107,800 CACI INTL INC CL A 127190304 2,181 43,540 SH SOLE NONE 43,540 CACI INTL INC CL A 127190304 1,263 25,200 SH SHARED 1 25,200 CALPINE CORP COM NEW 131347304 50,439 3,879,903 SH SOLE 2,3,4,5 3,879,903 CALPINE CORP COM NEW 131347304 19,060 1,466,166 SH SHARED 1 1,466,166 CAPITOL FED FINL COM 14057C106 10,298 232,300 SH SOLE 2,3,4,5 232,300 CAPITOL FED FINL COM 14057C106 4,690 105,800 SH SHARED 1 105,800 CARNIVAL CORP DBCV 4/2 143658AV4 12,874 20,475,000 PRN SOLE 2,3,4,5 20,475,000 CARNIVAL CORP DBCV 4/2 143658AV4 7,246 11,525,000 PRN SHARED 1 11,525,000 CENTURY BANCORP INC CL A NON VTG 156432106 357 23,850 SH SOLE NONE 23,850 CERADYNE INC COM 156710105 568 15,500 SH SOLE NONE 15,500 CERADYNE INC COM 156710105 477 13,000 SH SHARED 1 13,000 CHICOPEE BANCORP INC COM 168565109 2,745 209,400 SH SOLE NONE 209,400 CHUBB CORP COM 171232101 7,544 137,409 SH SOLE NONE 137,409 CHUBB CORP COM 171232101 856 15,600 SH SHARED 1 15,600 CHURCH & DWIGHT INC COM 171340102 4,978 80,170 SH SOLE NONE 80,170 CHURCH & DWIGHT INC COM 171340102 1,391 22,400 SH SHARED 1 22,400 CIGNA CORP COM 125509109 5,923 174,300 SH SOLE NONE 174,300 CIGNA CORP COM 125509109 1,013 29,800 SH SHARED 1 29,800 CIMAREX ENERGY CO COM 171798101 24,748 506,000 SH SOLE 2,3,4,5 506,000 CIMAREX ENERGY CO COM 171798101 12,575 257,100 SH SHARED 1 257,100 CINCINNATI FINL CORP COM 172062101 17,888 628,982 SH SOLE 2,3,4,5 628,982 CINCINNATI FINL CORP COM 172062101 5,736 201,700 SH SHARED 1 201,700 CINCINNATI FINL CORP COM 172062101 2,176 76,500 CALL SOLE NONE 76,500 CMS ENERGY CORP COM 125896100 7,447 597,200 SH SOLE NONE 597,200 CMS ENERGY CORP COM 125896100 1,120 89,800 SH SHARED 1 89,800 CMS ENERGY CORP NOTE 2.875% 12/0 125896AW0 12,979 12,525,000 PRN SOLE 2,3,4,5 12,525,000 CMS ENERGY CORP NOTE 2.875% 12/0 125896AW0 6,710 6,475,000 PRN SHARED 1 6,475,000 COCA COLA CO COM 191216100 12,189 230,500 SH SOLE 2,3,4,5 230,500 COCA COLA CO COM 191216100 5,214 98,600 SH SHARED 1 98,600 COCA COLA ENTERPRISES INC COM 191219104 12,212 728,200 SH SOLE 2,3,4,5 728,200 COCA COLA ENTERPRISES INC COM 191219104 5,229 311,800 SH SHARED 1 311,800 COMERICA INC COM 200340107 2,981 90,900 SH SOLE NONE 90,900 COMERICA INC COM 200340107 128 3,900 SH SHARED 1 3,900 COMMERCIAL METALS CO COM 201723103 236 14,000 SH SOLE 2,3,4,5 14,000 COMMERCIAL METALS CO COM 201723103 101 6,000 SH SHARED 1 6,000 CONAGRA FOODS INC COM 205887102 232 11,900 SH SOLE NONE 11,900 CONNECTICUT BK&TR CO HART NE COM 207546102 519 101,686 SH SOLE NONE 101,686 COWEN GROUP INC COM 223621103 1,393 166,783 SH SOLE NONE 166,783 COWLITZ BANCORP LONGVIEW WAS COM 223767104 400 63,449 SH SOLE NONE 63,449 CRM HOLDINGS LTD COM G2554P103 710 263,104 SH SOLE NONE 263,104 DANVERS BANCORP INC COM 236442109 970 76,100 SH SOLE NONE 76,100 DIAGEO P L C SPON ADR NEW 25243Q205 1,763 25,600 SH SOLE NONE 25,600 DIAGEO P L C SPON ADR NEW 25243Q205 3,725 54,100 SH SHARED 1 54,100 DISNEY WALT CO COM DISNEY 254687106 4,378 142,651 SH SOLE 2,3,4,5 142,651 DISNEY WALT CO COM DISNEY 254687106 1,770 57,662 SH SHARED 1 57,662 DOMTAR CORP COM 257559104 16,942 3,682,973 SH SOLE 2,3,4,5 3,682,973 DOMTAR CORP COM 257559104 6,654 1,446,541 SH SHARED 1 1,446,541 DONEGAL GROUP INC CL A 257701201 1,318 72,700 SH SOLE 2,3,4,5 72,700 DONEGAL GROUP INC CL A 257701201 517 28,500 SH SHARED 1 28,500 DU PONT E I DE NEMOURS & CO COM 263534109 71,117 1,764,700 SH SOLE 2,3,4,5 1,764,700 DU PONT E I DE NEMOURS & CO COM 263534109 30,983 768,800 SH SHARED 1 768,800 DYNEGY INC DEL CL A 26817G102 1,285 359,000 SH SOLE 2,3,4,5 359,000 DYNEGY INC DEL CL A 26817G102 505 141,000 SH SHARED 1 141,000 EASTMAN KODAK CO NOTE 3.375%10/1 277461BE8 36,141 38,705,000 PRN SOLE 2,3,4,5 38,705,000 EASTMAN KODAK CO NOTE 3.375%10/1 277461BE8 19,912 21,325,000 PRN SHARED 1 21,325,000 EL PASO CORP COM 28336L109 5,297 415,100 SH SOLE 2,3,4,5 415,100 EL PASO CORP COM 28336L109 2,104 164,900 SH SHARED 1 164,900 EL PASO ELEC CO COM NEW 283677854 9,351 445,281 SH SOLE 2,3,4,5 445,281 EL PASO ELEC CO COM NEW 283677854 2,812 133,883 SH SHARED 1 133,883 EL PASO ENERGY CAP TR I PFD CV TR SECS 283678209 1,202 36,100 SH SOLE 2,3,4,5 36,100 EL PASO ENERGY CAP TR I PFD CV TR SECS 283678209 473 14,200 SH SHARED 1 14,200 ENCORE ACQUISITION CO COM 29255W100 12,735 304,800 SH SOLE 2,3,4,5 304,800 ENCORE ACQUISITION CO COM 29255W100 6,672 159,700 SH SHARED 1 159,700 ERP OPER LTD PARTNERSHIP NOTE 3.850% 8/1 26884AAV5 25,395 27,600,000 PRN SOLE 2,3,4,5 27,600,000 ERP OPER LTD PARTNERSHIP NOTE 3.850% 8/1 26884AAV5 14,170 15,400,000 PRN SHARED 1 15,400,000 ESSA BANCORP INC COM 29667D104 710 51,100 SH SOLE NONE 51,100 FIFTH STREET FINANCE CORP COM 31678a103 3,245 322,838 SH SOLE NONE 322,838 FIFTH STREET FINANCE CORP COM 31678a103 499 49,700 SH SHARED 1 49,700 FLEETWOOD ENTERPRISES INC SDCV 5.000%12/1 339099AD5 564 600,000 PRN SOLE 2,3,4,5 600,000 FLEETWOOD ENTERPRISES INC SDCV 5.000%12/1 339099AD5 376 400,000 PRN SHARED 1 400,000 FORTUNE BRANDS INC COM 349631101 9,143 159,400 SH SOLE 2,3,4,5 159,400 FORTUNE BRANDS INC COM 349631101 4,004 69,800 SH SHARED 1 69,800 FOX CHASE BANCORP COM 35137P106 3,399 290,500 SH SOLE 2,3,4,5 290,500 FOX CHASE BANCORP COM 35137P106 96 8,200 SH SHARED 1 8,200 FRANKLIN RES INC COM 354613101 11,857 134,537 SH SOLE NONE 134,537 FRANKLIN RES INC COM 354613101 1,839 20,863 SH SHARED 1 20,863 GALLAGHER ARTHUR J & CO COM 363576109 6,669 259,900 SH SOLE 2,3,4,5 259,900 GALLAGHER ARTHUR J & CO COM 363576109 1,907 74,300 SH SHARED 1 74,300 GENTEX CORP COM 371901109 562 39,300 SH SOLE NONE 39,300 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 23,056 2,404,200 SH SOLE 2,3,4,5 2,404,200 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 9,911 1,033,500 SH SHARED 1 1,033,500 GOLDMAN SACHS GROUP INC COM 38141G104 1,946 15,200 SH SOLE NONE 15,200 GOLDMAN SACHS GROUP INC COM 38141G104 333 2,600 SH SHARED 1 2,600 GRAPHIC PACKAGING HLDG CO COM 388689101 4,951 1,980,300 SH SOLE 2,3,4,5 1,980,300 GRAPHIC PACKAGING HLDG CO COM 388689101 1,612 644,800 SH SHARED 1 644,800 GUARANTY BANCORP DEL COM 40075T102 2,614 428,590 SH SOLE NONE 428,590 GUARANTY BANCORP DEL COM 40075T102 10,328 1,693,042 SH SHARED 1 1,693,042 HAMPDEN BANCORP INC COM 40867E107 1,074 109,900 SH SOLE NONE 109,900 HANOVER INS GROUP INC COM 410867105 9,150 201,000 SH SOLE NONE 201,000 HANSEN NAT CORP COM 411310105 221 7,300 SH SOLE NONE 7,300 HARTFORD FINL SVCS GROUP INC COM 416515104 1,230 30,000 CALL SOLE NONE 30,000 HERSHEY CO COM 427866108 8,278 209,360 SH SOLE 2,3,4,5 209,360 HERSHEY CO COM 427866108 4,298 108,700 SH SHARED 1 108,700 HESS CORP COM 42809H107 27,514 335,210 SH SOLE 2,3,4,5 335,210 HESS CORP COM 42809H107 11,421 139,142 SH SHARED 1 139,142 HEWLETT PACKARD CO COM 428236103 3,537 76,500 SH SOLE 2,3,4,5 76,500 HEWLETT PACKARD CO COM 428236103 1,669 36,100 SH SHARED 1 36,100 HUGOTON RTY TR TEX UNIT BEN INT 444717102 2,853 106,300 SH SOLE NONE 106,300 HUGOTON RTY TR TEX UNIT BEN INT 444717102 1,892 70,500 SH SHARED 1 70,500 IAMGOLD CORP COM 450913108 922 164,000 SH SOLE NONE 164,000 INTERACTIVE DATA CORP COM 45840J107 1,004 39,800 SH SOLE NONE 39,800 INTERNATIONAL SPEEDWAY CORP CL A 460335201 558 14,340 SH SOLE NONE 14,340 INTERNATIONAL SPEEDWAY CORP CL A 460335201 232 5,960 SH SHARED 1 5,960 INTL PAPER CO COM 460146103 5,741 219,300 SH SOLE 2,3,4,5 219,300 INTL PAPER CO COM 460146103 2,346 89,600 SH SHARED 1 89,600 INVESCO LTD SHS G491BT108 17,489 833,600 SH SOLE NONE 833,600 INVESCO LTD SHS G491BT108 2,182 104,000 SH SHARED 1 104,000 INVESTORS BANCORP INC COM 46146P102 2,647 175,900 SH SOLE 2,3,4,5 175,900 INVESTORS BANCORP INC COM 46146P102 1,148 76,300 SH SHARED 1 76,300 JETBLUE AIRWAYS CORP DBCV 3.750% 3/1 477143AC5 4,208 5,725,000 PRN SOLE 2,3,4,5 5,725,000 JETBLUE AIRWAYS CORP DBCV 3.750% 3/1 477143AC5 2,407 3,275,000 PRN SHARED 1 3,275,000 JOHNSON & JOHNSON COM 478160104 3,062 44,200 SH SOLE NONE 44,200 JOHNSON & JOHNSON COM 478160104 617 8,900 SH SHARED 1 8,900 JPMORGAN & CHASE & CO COM 46625H100 6,762 144,800 SH SOLE NONE 144,800 JPMORGAN & CHASE & CO COM 46625H100 1,041 22,300 SH SHARED 1 22,300 KEARNY FINL CORP COM 487169104 469 38,317 SH SOLE NONE 38,317 KEARNY FINL CORP COM 487169104 185 15,100 SH SHARED 1 15,100 KINROSS GOLD CORP COM NO PAR 496902404 545 33,800 SH SOLE NONE 33,800 KINROSS GOLD CORP COM NO PAR 496902404 401 24,900 SH SHARED 1 24,900 LEUCADIA NATL CORP COM 527288104 28,113 618,686 SH SOLE NONE 618,686 LEUCADIA NATL CORP COM 527288104 3,974 87,460 SH SHARED 1 87,460 LOEWS CORP COM 540424108 12,048 305,100 SH SOLE 2,3,4,5 305,100 LOEWS CORP COM 540424108 5,193 131,500 SH SHARED 1 131,500 LSB CORP COM 50215P100 568 53,300 SH SOLE NONE 53,300 M D C HLDGS INC COM 552676108 6,041 165,100 SH SOLE NONE 165,100 M D C HLDGS INC COM 552676108 893 24,400 SH SHARED 1 24,400 MARATHON OIL CORP COM 565849106 11,889 298,200 SH SOLE 2,3,4,5 298,200 MARATHON OIL CORP COM 565849106 5,111 128,200 SH SHARED 1 128,200 MAX CAPITAL GROUP LTD SHS G6052F103 5,965 256,800 SH SOLE 2,3,4,5 256,800 MAX CAPITAL GROUP LTD SHS G6052F103 2,351 101,200 SH SHARED 1 101,200 MEADWESTVACO CORP COM 583334107 6,124 262,700 SH SOLE 2,3,4,5 262,700 MEADWESTVACO CORP COM 583334107 2,618 112,300 SH SHARED 1 112,300 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 26,417 26,550,000 PRN SOLE 2,3,4,5 26,550,000 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 16,368 16,450,000 PRN SHARED 1 16,450,000 MERCER INS GROUP INC COM 587902107 413 25,200 SH SOLE 2,3,4,5 25,200 MERCER INS GROUP INC COM 587902107 162 9,900 SH SHARED 1 9,900 MERCK & CO INC COM 589331107 353 11,200 SH SOLE NONE 11,200 MERCK & CO INC COM 589331107 208 6,600 SH SHARED 1 6,600 MERCURY GENL CORP NEW COM 589400100 2,316 42,300 SH SOLE NONE 42,300 MEREDITH CORP COM 589433101 29,655 1,057,600 SH SOLE 2,3,4,5 1,057,600 MEREDITH CORP COM 589433101 12,806 456,700 SH SHARED 1 456,700 METLIFE INC COM 59156R108 18,291 326,625 SH SOLE NONE 326,625 METLIFE INC COM 59156R108 3,373 60,224 SH SHARED 1 60,224 MICROSOFT CORP COM 594918104 1,439 53,900 SH SOLE NONE 53,900 MICROSOFT CORP COM 594918104 2,181 81,700 SH SHARED 1 81,700 MILLIPORE CORP NOTE 3.750% 6/0 601073AD1 10,314 10,900,000 PRN SOLE 2,3,4,5 10,900,000 MILLIPORE CORP NOTE 3.750% 6/0 601073AD1 5,299 5,600,000 PRN SHARED 1 5,600,000 MIRANT CORP NEW COM 60467R100 83,588 4,570,142 SH SOLE 2,3,4,5 4,570,142 MIRANT CORP NEW COM 60467R100 31,934 1,745,989 SH SHARED 1 1,745,989 MIRANT CORP NEW *W EXP 01/03/201 60467R126 923 211,583 SH SOLE 2, 3, 4 211,583 MIRANT CORP NEW *W EXP 01/03/201 60467R126 1,621 371,824 SH SHARED 1 371,824 MMC ENERGY INC COM NEW 55312Q208 515 343,300 SH SOLE 2,3,4,5 343,300 MMC ENERGY INC COM NEW 55312Q208 195 129,800 SH SHARED 1 129,800 MOHAWK INDS INC COM 608190104 1,604 23,800 SH SOLE NONE 23,800 MOHAWK INDS INC COM 608190104 775 11,500 SH SHARED 1 11,500 NEENAH PAPER INC COM 640079109 8,352 421,800 SH SOLE 2,3,4,5 421,800 NEENAH PAPER INC COM 640079109 3,412 172,300 SH SHARED 1 172,300 NEW YORK TIMES CO CL A 650111107 9,156 640,700 SH SOLE 2,3,4,5 640,700 NEW YORK TIMES CO CL A 650111107 4,058 284,000 SH SHARED 1 284,000 NEWMONT MINING CORP COM 651639106 52,993 1,367,200 SH SOLE 2,3,4,5 1,367,200 NEWMONT MINING CORP COM 651639106 20,485 528,500 SH SHARED 1 528,500 NEXEN INC COM 65334H102 42,869 1,845,400 SH SOLE 2,3,4,5 1,845,400 NEXEN INC COM 65334H102 20,419 879,000 SH SHARED 1 879,000 NORTHGATE MINERALS CORP COM 666416102 2,341 1,787,100 SH SOLE 2,3,4,5 1,787,100 NORTHGATE MINERALS CORP COM 666416102 940 717,400 SH SHARED 1 717,400 NORTHWESTERN CORP COM NEW 668074305 11,502 457,700 SH SOLE 2,3,4,5 457,700 NORTHWESTERN CORP COM NEW 668074305 4,466 177,700 SH SHARED 1 177,700 NOVAGOLD RES INC NOTE 5.500% 5/0 66987EAA5 3,624 3,950,000 PRN SOLE 2,3,4,5 3,950,000 NOVAGOLD RES INC NOTE 5.500% 5/0 66987EAA5 1,881 2,050,000 PRN SHARED 1 2,050,000 NOVELLUS SYS INC COM 670008101 678 34,500 SH SOLE NONE 34,500 NOVELLUS SYS INC COM 670008101 799 40,700 SH SHARED 1 40,700 NVR INC COM 62944T105 2,460 4,300 SH SOLE NONE 4,300 NVR INC COM 62944T105 355 620 SH SHARED 1 620 OCEAN SHORE HLDG CO COM 67501P107 705 76,200 SH SOLE NONE 76,200 ORITANI FINL CORP COM 686323106 11,850 703,270 SH SOLE 2,3,4,5 703,270 ORITANI FINL CORP COM 686323106 2,944 174,730 SH SHARED 1 174,730 PACTIV CORP COM 695257105 561 22,600 SH SOLE NONE 22,600 PACTIV CORP COM 695257105 747 30,100 SH SHARED 1 30,100 PACWEST BANCORP DEL COM 695263103 2,355 82,354 SH SOLE NONE 82,354 PACWEST BANCORP DEL COM 695263103 169 5,900 SH SHARED 1 5,900 PARKER DRILLING CO COM 701081101 8,787 1,095,600 SH SOLE 2,3,4,5 1,095,600 PARKER DRILLING CO COM 701081101 3,676 458,400 SH SHARED 1 458,400 PEPSICO INC COM 713448108 7,704 108,100 SH SOLE NONE 108,100 PEPSICO INC COM 713448108 2,993 42,000 SH SHARED 1 42,000 PETRO-CDA COM 71644E102 26,847 805,000 SH SOLE 2,3,4,5 805,000 PETRO-CDA COM 71644E102 11,773 353,000 SH SHARED 1 353,000 PFIZER INC COM 717081103 26,832 1,455,100 SH SOLE 2,3,4,5 1,455,100 PFIZER INC COM 717081103 12,572 681,800 SH SHARED 1 681,800 PLAINS EXPL& PRODTN CO COM 726505100 11,828 336,405 SH SOLE 2,3,4,5 336,405 PLAINS EXPL& PRODTN CO COM 726505100 5,052 143,697 SH SHARED 1 143,697 PLATINUM UNDERWRITER HLDGS L COM G7127P100 19,837 559,100 SH SOLE 2,3,4,5 559,100 PLATINUM UNDERWRITER HLDGS L COM G7127P100 3,087 87,000 SH SHARED 1 87,000 POST PPTYS INC COM 737464107 59,509 2,127,600 SH SOLE 2,3,4,5 2,127,600 POST PPTYS INC COM 737464107 26,311 940,700 SH SHARED 1 940,700 PRESIDENTIAL LIFE CORP COM 740884101 215 13,600 SH SOLE NONE 13,600 PRESIDENTIAL LIFE CORP COM 74267C106 1,156 20,634 SH SOLE NONE 20,634 PROCTER & GAMBLE CO COM 742718109 5,240 75,190 SH SOLE NONE 75,190 PROCTER & GAMBLE CO COM 742718109 2,537 36,400 SH SHARED 1 36,400 PROGRESSIVE CORP OHIO COM 743315103 7,226 415,300 SH SOLE NONE 415,300 PROGRESSIVE CORP OHIO COM 743315103 914 52,500 SH SHARED 1 52,500 PROSHARES TR ULTRASHRT FINL 74347R628 1,182 11,700 SH SOLE NONE 11,700 PRUDENTIAL FINL INC FRNT 12/1 744320AG7 14,678 15,000,000 PRN SOLE 2,3,4,5 15,000,000 PRUDENTIAL FINL INC FRNT 12/1 744320AG7 7,339 7,500,000 PRN SHARED 1 7,500,000 PSB HLDGS INC COM 69360W108 822 102,760 SH SOLE NONE 102,760 REGIONAL BK HOLDRS TR DEPOSITRY RCPT 75902E100 3,078 28,700 SH SOLE NONE 28,700 REINSURANCE GROUP AMER INC CL B 759351505 2,920 61,581 SH SOLE NONE 61,581 REINSURANCE GROUP AMER INC CL B 759351505 467 9,846 SH SHARED 1 9,846 RELIANT ENERGY INC COM 75952b105 474 64,500 SH SOLE NONE 64,500 RELIANT ENERGY INC COM 75952b105 78 10,600 SH SHARED 1 10,600 REPUBLIC FIRST BANCORP INC COM 760416107 760 88,323 SH SOLE NONE 88,323 ROCKVILLE FINL INC COM 774186100 2,207 140,100 SH SOLE 2,3,4,5 140,100 ROCKVILLE FINL INC COM 774186100 942 59,800 SH SHARED 1 59,800 ROMA FINANCIAL CORP COM 77581P109 9,927 673,004 SH SOLE 2,3,4,5 673,004 ROMA FINANCIAL CORP COM 77581P109 2,617 177,400 SH SHARED 1 177,400 SAIC INC COM 78390X101 6,712 331,800 SH SOLE NONE 331,800 SAIC INC COM 78390X101 1,742 86,100 SH SHARED 1 86,100 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 3,909 102,800 SH SOLE NONE 102,800 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,042 27,400 SH SHARED 1 27,400 SCHERING PLOUGH CORP COM 806605101 1,474 79,800 SH SOLE NONE 79,800 SCHERING PLOUGH CORP COM 806605101 1,784 96,600 SH SHARED 1 96,600 SELECTIVE INS GROUP INC COM 816300107 2,930 127,840 SH SOLE NONE 127,840 SIERRA PAC RES NEW COM 826428104 28,996 3,026,700 SH SOLE 2,3,4,5 3,026,700 SIERRA PAC RES NEW COM 826428104 9,404 981,600 SH SHARED 1 981,600 SPDR GOLD TRUST GOLD SHS 78463V107 14,785 173,800 SH SOLE NONE 173,800 ST JUDE MED INC DBCV 1.220%12/1 790849AD5 3,598 3,625,000 PRN SOLE 2,3,4,5 3,625,000 ST JUDE MED INC DBCV 1.220%12/1 790849AD5 2,357 2,375,000 PRN SHARED 1 2,375,000 STATE AUTO FINL CORP COM 855707105 20,584 708,100 SH SOLE 2,3,4,5 708,100 STATE AUTO FINL CORP COM 855707105 9,154 314,900 SH SHARED 1 314,900 STATE BANCORP INC N.Y COM 855716106 1,204 80,807 SH SOLE NONE 80,807 SUPERVALU INC COM 868536103 4,213 194,139 SH SOLE 2,3,4,5 194,139 SUPERVALU INC COM 868536103 1,702 78,443 SH SHARED 1 78,443 SYMANTEC CORP COM 871503108 237 12,100 SH SOLE NONE 12,100 TALISMAN ENERGY INC COM 87425E103 18,743 1,318,100 SH SOLE 2,3,4,5 1,318,100 TALISMAN ENERGY INC COM 87425E103 9,024 634,600 SH SHARED 1 634,600 THOMAS PPTYS GROUP INC COM 884453101 13,146 1,301,582 SH SOLE 2,3,4,5 1,301,582 THOMAS PPTYS GROUP INC COM 884453101 4,010 397,000 SH SHARED 1 397,000 TIMBERLAND BANCORP INC COM 887098101 202 26,780 SH SOLE NONE 26,780 TIMBERLAND BANCORP INC COM 887098101 54 7,160 SH SHARED 1 7,160 TOOTSIE ROLL INDS INC COM 890516107 23,451 811,187 SH SOLE 2,3,4,5 811,187 TOOTSIE ROLL INDS INC COM 890516107 10,345 357,846 SH SHARED 1 357,846 TORO CO COM 891092108 991 24,000 SH SOLE NONE 24,000 TORO CO COM 891092108 1,222 29,600 SH SHARED 1 29,600 TYCO INTL LTD BERMUDA SHS G9143X208 4,882 139,400 SH SOLE 2,3,4,5 139,400 TYCO INTL LTD BERMUDA SHS G9143X208 1,958 55,900 SH SHARED 1 55,900 UAL CORP DBCV 5.000% 2/0 902549AE4 4,888 11,400,000 PRN SOLE 2,3,4,5 11,400,000 UAL CORP DBCV 5.000% 2/0 902549AE4 2,830 6,600,000 PRN SHARED 1 6,600,000 UNIONBANCAL CORP COM 908906100 7,446 101,595 SH SOLE NONE 101,595 UNIONBANCAL CORP COM 908906100 1,210 16,503 SH SHARED 1 16,503 UNISOURCE ENERGY CORP COM 909205106 49,521 1,696,500 SH SOLE 2,3,4,5 1,696,500 UNISOURCE ENERGY CORP COM 909205106 17,879 612,500 SH SHARED 1 612,500 UNISOURCE ENERGY CORP NOTE 4.500% 3/0 909205AB2 18,558 20,450,000 PRN SOLE 2,3,4,5 20,450,000 UNISOURCE ENERGY CORP NOTE 4.500% 3/0 909205AB2 10,890 12,000,000 PRN SHARED 1 12,000,000 UNITED FINANCIAL BANCORP INC COM 91030T109 1,874 126,200 SH SOLE NONE 126,200 UNITED FINANCIAL BANCORP INC COM 91030T109 3 200 SH SHARED 1 200 US BANCORP DEL DBCV 2/0 902973AT3 13,517 13,775,000 PRN SOLE 2,3,4,5 13,775,000 US BANCORP DEL DBCV 2/0 902973AT3 8,071 8,225,000 PRN SHARED 1 8,225,000 USF&G CORP NOTE 3/0 903290AD6 8,779 8,947,000 PRN SOLE 2,3,4,5 8,947,000 USF&G CORP NOTE 3/0 903290AD6 3,732 3,803,000 PRN SHARED 1 3,803,000 UST INC COM 902911106 7,020 105,500 SH SOLE NONE 105,500 UST INC COM 902911106 2,515 37,800 SH SHARED 1 37,800 WALGREEN CO COM 931422109 1,111 35,900 SH SOLE 2,3,4,5 35,900 WALGREEN CO COM 931422109 437 14,100 SH SHARED 1 14,100 WASHINGTON POST CO CL B 939640108 445 800 SH SOLE NONE 800 WATERSTONE FINANCIAL INC COM 941888109 3,808 389,800 SH SOLE 2,3,4,5 389,800 WATERSTONE FINANCIAL INC COM 941888109 1,536 157,200 SH SHARED 1 157,200 WELLCARE HEALTH PLANS INC COM 94946T106 1,368 38,000 SH SOLE NONE 38,000 WESCO FINL CORP COM 950817106 697 1,951 SH SOLE NONE 1,951 WESTERN UN CO COM 959802109 493 20,000 SH SOLE NONE 20,000 WESTFIELD FINANCIAL INC NEW COM 96008P104 1,000 97,105 SH SOLE NONE 97,105 WHITE MTNS INS GROUP LTD COM G9618E107 23,488 50,000 SH SOLE NONE 50,000 WHITE RIVER CAPITAL INC COM 96445P105 197 14,330 SH SOLE NONE 14,330 WILLIAMS CLAYTON ENERGY INC COM 969490101 2,976 42,200 SH SOLE 2,3,4,5 42,200 WILLIAMS CLAYTON ENERGY INC COM 969490101 1,199 17,000 SH SHARED 1 17,000 WYETH DBCV 1/1 983024AD2 31,284 32,175,000 PRN SOLE 2,3,4,5 32,175,000 WYETH DBCV 1/1 983024AD2 18,692 19,225,000 PRN SHARED 1 19,225,000 XEROX CORP COM 984121103 20,942 1,816,289 SH SOLE 2,3,4,5 1,816,289 XEROX CORP COM 984121103 8,925 774,038 SH SHARED 1 774,038 YELLOW ROADWAY CORP NOTE 3.375%11/2 985577AB1 2,815 4,425,000 PRN SOLE 2,3,4,5 4,425,000 YELLOW ROADWAY CORP NOTE 3.375%11/2 985577AB1 1,638 2,575,000 PRN SHARED 1 2,575,000 YELLOW ROADWAY CORP NOTE 5.000% 8/0 985577AA3 2,159 2,525,000 PRN SOLE 2,3,4,5 2,525,000 YELLOW ROADWAY CORP NOTE 5.000% 8/0 985577AA3 1,261 1,475,000 PRN SHARED 1 1,475,000 ZEBRA TECHNOLOGIES CORP CL A 989207105 1,626 58,400 SH SOLE NONE 58,400 ZEBRA TECHNOLOGIES CORP CL A 989207105 925 33,200 SH SHARED 1 33,200 ZENITH NATL INS CORP COM 989390109 6,896 188,200 SH SOLE NONE 188,200
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