-----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, FTlseUWQOY8sQraNHpt+XiSw0KWFwLIsVNYFX7If0cBtG7u99nAFkkyA4/VYhmlC fxQowu7PJHD3Pg4fapqKaQ== 0000919574-10-003334.txt : 20100514 0000919574-10-003334.hdr.sgml : 20100514 20100514164212 ACCESSION NUMBER: 0000919574-10-003334 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100514 DATE AS OF CHANGE: 20100514 EFFECTIVENESS DATE: 20100514 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: 10834273 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 d1098240_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 March 31, 2010 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 May 14, 2010 - ----------------------- -------------------------- ---------------------- [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: 2 Form 13F Information Table Entry Total: 328 Form 13F Information Table Value Total: $1,846,868 (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. 028-12951 OneBeacon Insurance Group, Ltd. ----------------------- ---------------------------------- FORM 13F INFORMATION TABLE Prospector Partners, LLC
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COL 7 COLUMN 8 TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE - -------------- --------- ------ -------- -------- --- ----- ----------- ----- ----- ------- ----- ABINGTON BANCORP INC COM 00350L109 778 98,540 SH SOLE NONE 98,540 ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 3,910 3,925,000 PRN SHARED 1 3,925,000 ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 10,037 10,075,000 PRN SOLE 2 10,075,000 ALBERTO CULVER CO NEW COM 013078100 581 22,200 SH SHARED 1 22,200 ALBERTO CULVER CO NEW COM 013078100 3,959 151,400 SH SOLE NONE 151,400 ALLEGHANY CORP DEL COM 017175100 1,900 6,533 SH SOLE NONE 6,533 ALLEGHENY ENERGY INC COM 017361106 9,902 430,500 SH SHARED 1 430,500 ALLEGHENY ENERGY INC COM 017361106 27,471 1,194,400 SH SOLE 2 1,194,400 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,483 80,100 SH SOLE NONE 80,100 AMERICAN PHYSICIANS SVC GROU COM 028882108 215 8,600 SH SOLE NONE 8,600 AMERIGROUP CORP COM 03073T102 1,187 35,700 SH SOLE NONE 35,700 AMGEN INC NOTE 0.125% 2/0 031162AN0 11,633 11,750,000 PRN SHARED 1 11,750,000 AMGEN INC NOTE 0.125% 2/0 031162AN0 34,898 35,250,000 PRN SOLE 2 35,250,000 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 1,082 28,500 SH SHARED 1 28,500 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 2,596 68,400 SH SOLE 2 68,400 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 10,406 10,825,000 PRN SHARED 1 10,825,000 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 27,756 28,875,000 PRN SOLE 2 28,875,000 AON CORP COM 037389103 9,798 229,400 SH SOLE NONE 229,400 APPLE INC COM 037833100 212 900 SH SHARED 1 900 APPLE INC COM 037833100 2,350 10,000 SH SOLE NONE 10,000 APPLE INC COM 037833100 3,102 13,200 CALL SOLE NONE 13,200 ARCH CAP GROUP LTD ORD G0450A105 3,294 43,200 SH SHARED 1 43,200 ARCH CAP GROUP LTD ORD G0450A105 25,399 333,100 SH SOLE 2 333,100 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 3,792 3,825,000 PRN SHARED 1 3,825,000 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 11,077 11,175,000 PRN SOLE 2 11,175,000 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 6,968 241,600 SH SOLE NONE 241,600 ASSURANT INC COM 04621X108 11,060 321,700 SH SOLE NONE 321,700 AUTOMATIC DATA PROCESSING IN COM 053015103 9,703 218,200 SH SHARED 1 218,200 AUTOMATIC DATA PROCESSING IN COM 053015103 24,218 544,600 SH SOLE 2 544,600 BARRICK GOLD CORP COM 067901108 10,049 262,100 SH SHARED 1 262,100 BARRICK GOLD CORP COM 067901108 25,416 662,900 SH SOLE 2 662,900 BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,705 14 SH SOLE NONE 14 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 6,615 81,400 SH SHARED 1 81,400 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 35,673 438,950 SH SOLE 2 438,950 BIOGEN IDEC INC COM 09062X103 189 3,300 SH SHARED 1 3,300 BIOGEN IDEC INC COM 09062X103 5,314 92,600 SH SOLE NONE 92,600 BLOCK H & R INC COM 093671105 4,286 240,800 SH SHARED 1 240,800 BLOCK H & R INC COM 093671105 17,186 965,500 SH SOLE 2 965,500 BMC SOFTWARE INC COM 055921100 300 7,900 SH SHARED 1 7,900 BMC SOFTWARE INC COM 055921100 3,553 93,500 SH SOLE NONE 93,500 BRINKER INTL INC COM 109641100 100 5,200 SH SHARED 1 5,200 BRINKER INTL INC COM 109641100 4,968 257,700 SH SOLE NONE 257,700 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 472 22,100 SH SOLE NONE 22,100 BROADWIND ENERGY INC COM 11161T108 671 150,000 SH SOLE NONE 150,000 BROOKLYN FEDERAL BANCORP INC COM 114039100 680 80,900 SH SOLE NONE 80,900 CA INC COM 12673P105 617 26,300 SH SOLE NONE 26,300 CACI INTL INC CL A 127190304 808 16,540 SH SOLE NONE 16,540 CALPINE CORP COM NEW 131347304 7,198 605,366 SH SHARED 1 605,366 CALPINE CORP COM NEW 131347304 16,147 1,358,068 SH SOLE 2 1,358,068 CAMPBELL SOUP CO COM 134429109 3,344 94,600 SH SHARED 1 94,600 CAMPBELL SOUP CO COM 134429109 7,773 219,900 SH SOLE 2 219,900 CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 2,357 2,200,000 PRN SHARED 1 2,200,000 CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 6,213 5,800,000 PRN SOLE 2 5,800,000 CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 2,534 2,800,000 PRN SHARED 1 2,800,000 CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 7,421 8,200,000 PRN SOLE 2 8,200,000 CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 2,505 2,459,000 PRN SHARED 1 2,459,000 CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 6,826 6,700,000 PRN SOLE 2 6,700,000 CHICOPEE BANCORP INC COM 168565109 1,301 102,471 SH SOLE NONE 102,471 CHUBB CORP COM 171232101 10,215 197,009 SH SOLE NONE 197,009 CHURCH & DWIGHT INC COM 171340102 15,370 229,570 SH SOLE NONE 229,570 CHURCH & DWIGHT INC COM 171340102 562 8,400 CALL SOLE NONE 8,400 CIENA CORP NOTE 0.250% 5/0 171779AB7 2,884 3,475,000 PRN SOLE NONE 3,475,000 CIMAREX ENERGY CO COM 171798101 2,910 49,000 SH SHARED 1 49,000 CIMAREX ENERGY CO COM 171798101 8,598 144,800 SH SOLE 2 144,800 CINCINNATI FINL CORP COM 172062101 2,115 73,150 SH SOLE NONE 73,150 CISCO SYS INC COM 17275R102 1,145 44,000 SH SOLE NONE 44,000 CLIFTON SVGS BANCORP INC COM 18712Q103 104 11,172 SH SOLE NONE 11,172 CLOROX CO DEL COM 189054109 199 3,100 SH SHARED 1 3,100 CLOROX CO DEL COM 189054109 4,281 66,750 SH SOLE NONE 66,750 CMS ENERGY CORP COM 125896100 5,893 381,200 SH SOLE NONE 381,200 CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 6,845 5,675,000 PRN SHARED 1 5,675,000 CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 19,692 16,325,000 PRN SOLE 2 16,325,000 CMS ENERGY CORP NOTE 5.500% 6/1 125896BD1 1,552 1,300,000 PRN SHARED 1 1,300,000 CMS ENERGY CORP NOTE 5.500% 6/1 125896BD1 4,417 3,700,000 PRN SOLE 2 3,700,000 COCA COLA CO COM 191216100 2,739 49,800 SH SHARED 1 49,800 COCA COLA CO COM 191216100 11,776 214,100 SH SOLE 2 214,100 COCA COLA ENTERPRISES INC COM 191219104 3,734 135,000 SH SHARED 1 135,000 COCA COLA ENTERPRISES INC COM 191219104 8,478 306,500 SH SOLE 2 306,500 COMCAST CORP NEW CL A SPL 20030N200 3,673 204,400 SH SHARED 1 204,400 COMCAST CORP NEW CL A SPL 20030N200 8,635 480,500 SH SOLE 2 480,500 CONNECTICUT BK&TR CO HART NE COM 207546102 458 101,686 SH SOLE NONE 101,686 CRM HOLDINGS LTD COM G2554P103 59 171,887 SH SOLE NONE 171,887 DANVERS BANCORP INC COM 236442109 413 29,880 SH SOLE NONE 29,880 DEL MONTE FOODS CO COM 24522P103 3,201 220,000 PUT SOLE NONE 220,000 DELPHI FINL GROUP INC CL A 247131105 523 20,800 SH SOLE NONE 20,800 DIAGEO P L C SPON ADR NEW 25243Q205 1,039 15,400 SH SOLE NONE 15,400 DISNEY WALT CO COM DISNEY 254687106 1,024 29,323 SH SHARED 1 29,323 DISNEY WALT CO COM DISNEY 254687106 2,032 58,216 SH SOLE 2 58,216 DOMINION RES INC VA NEW NOTE 2.125%12/1 25746UAT6 4,237 3,625,000 PRN SHARED 1 3,625,000 DOMINION RES INC VA NEW NOTE 2.125%12/1 25746UAT6 10,957 9,375,000 PRN SOLE 2 9,375,000 DOMTAR CORP COM NEW 257559203 11,143 173,002 SH SHARED 1 173,002 DOMTAR CORP COM NEW 257559203 28,603 444,079 SH SOLE 2 444,079 DONEGAL GROUP INC CL A 257701201 432 29,800 SH SHARED 1 29,800 DONEGAL GROUP INC CL A 257701201 903 62,200 SH SOLE 2 62,200 DU PONT E I DE NEMOURS & CO COM 263534109 15,064 404,500 SH SHARED 1 404,500 DU PONT E I DE NEMOURS & CO COM 263534109 34,503 926,500 SH SOLE 2 926,500 E M C CORP MASS COM 268648102 382 21,200 SH SHARED 1 21,200 E M C CORP MASS COM 268648102 1,606 89,000 SH SOLE NONE 89,000 E M C CORP MASS COM 268648102 2,796 155,000 CALL SOLE NONE 155,000 EL PASO CORP COM 28336L109 1,467 135,300 SH SHARED 1 135,300 EL PASO CORP COM 28336L109 3,302 304,600 SH SOLE 2 304,600 EL PASO ELEC CO COM NEW 283677854 275 13,351 SH SHARED 1 13,351 EL PASO ELEC CO COM NEW 283677854 642 31,146 SH SOLE NONE 31,146 EL PASO ENERGY CAP TR I PFD CV TR SECS 283678209 1,214 32,700 SH SHARED 1 32,700 EL PASO ENERGY CAP TR I PFD CV TR SECS 283678209 2,958 79,700 SH SOLE 2 79,700 EMPIRE DIST ELEC CO COM 291641108 398 22,100 SH SHARED 1 22,100 EMPIRE DIST ELEC CO COM 291641108 2,607 144,700 SH SOLE NONE 144,700 EMPLOYERS HOLDINGS INC COM 292218104 196 13,200 SH SOLE NONE 13,200 EMULEX CORP COM NEW 292475209 1,637 123,300 SH SOLE NONE 123,300 F5 NETWORKS INC COM 315616102 733 11,900 SH SOLE NONE 11,900 F5 NETWORKS INC COM 315616102 2,465 40,000 CALL SOLE NONE 40,000 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 538 50,500 SH SOLE NONE 50,500 FIFTH THIRD BANCORP COM 316773100 202 14,900 SH SHARED 1 14,900 FIFTH THIRD BANCORP COM 316773100 201 14,800 SH SOLE NONE 14,800 FIRST HORIZON NATL CORP COM 320517105 3,291 234,266 SH SOLE NONE 234,266 FORESTAR GROUP INC COM 346233109 1,575 83,400 SH SHARED 1 83,400 FORESTAR GROUP INC COM 346233109 4,320 228,800 SH SOLE NONE 228,800 FORTUNE BRANDS INC COM 349631101 4,046 83,400 SH SHARED 1 83,400 FORTUNE BRANDS INC COM 349631101 10,881 224,300 SH SOLE 2 224,300 FOX CHASE BANCORP COM 35137P106 1,672 154,700 SH SOLE NONE 154,700 FRANKLIN RES INC COM 354613101 18,186 163,982 SH SOLE NONE 163,982 GALLAGHER ARTHUR J & CO COM 363576109 1,353 55,100 SH SHARED 1 55,100 GALLAGHER ARTHUR J & CO COM 363576109 4,338 176,700 SH SOLE 2 176,700 GENERAL MLS INC COM 370334104 2,074 29,300 SH SOLE NONE 29,300 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 10,278 814,400 SH SHARED 1 814,400 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 24,494 1,940,900 SH SOLE 2 1,940,900 GOLDMAN SACHS GROUP INC COM 38141G104 2,030 11,900 SH SOLE NONE 11,900 GRAPHIC PACKAGING HLDG CO COM 388689101 883 244,600 SH SOLE NONE 244,600 GUARANTY BANCORP DEL COM 40075T102 2,057 1,293,628 SH SHARED 1 1,293,628 GUARANTY BANCORP DEL COM 40075T102 520 327,172 SH SOLE NONE 327,172 HALLMARK FINL SVCS INC EC COM NEW 40624Q203 389 43,200 SH SOLE NONE 43,200 HESS CORP COM 42809H107 3,249 51,943 SH SHARED 1 51,943 HESS CORP COM 42809H107 15,619 249,708 SH SOLE 2 249,708 HEWLETT PACKARD CO COM 428236103 808 15,200 SH SHARED 1 15,200 HEWLETT PACKARD CO COM 428236103 8,653 162,800 SH SOLE NONE 162,800 HOME DEPOT INC COM 437076102 395 12,200 SH SHARED 1 12,200 HOME DEPOT INC COM 437076102 3,426 105,900 SH SOLE NONE 105,900 HUDSON VALLEY HOLDING CORP COM 444172100 541 22,300 SH SOLE NONE 22,300 HUGOTON RTY TR TEX UNIT BEN INT 444717102 4,505 272,340 SH SOLE NONE 272,340 HUMANA INC COM 444859102 178 3,800 SH SOLE NONE 3,800 INTERACTIVE DATA CORP COM 45840J107 1,274 39,800 SH SOLE NONE 39,800 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1,163 24,400 SH SHARED 1 24,400 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 3,275 68,700 SH SOLE NONE 68,700 INVESCO LTD SHS G491BT108 4,577 208,900 SH SOLE NONE 208,900 INVESCO LTD SHS G491BT108 1,041 47,500 CALL SOLE NONE 47,500 INVESTORS BANCORP INC COM 46146P102 251 19,000 SH SHARED 1 19,000 INVESTORS BANCORP INC COM 46146P102 309 23,400 SH SOLE NONE 23,400 JOHNSON & JOHNSON COM 478160104 802 12,300 SH SHARED 1 12,300 JOHNSON & JOHNSON COM 478160104 1,487 22,800 SH SOLE NONE 22,800 JPMORGAN CHASE & CO COM 46625H100 412 9,200 SH SHARED 1 9,200 JPMORGAN CHASE & CO COM 46625H100 10,642 237,800 SH SOLE NONE 237,800 KINROSS GOLD CORP COM NO PAR 496902404 378 22,100 SH SHARED 1 22,100 KINROSS GOLD CORP COM NO PAR 496902404 2,468 144,400 SH SOLE NONE 144,400 KINROSS GOLD CORP NOTE 1.750% 3/1 496902AD9 3,689 3,675,000 PRN SHARED 1 3,675,000 KINROSS GOLD CORP NOTE 1.750% 3/1 496902AD9 9,862 9,825,000 PRN SOLE 2 9,825,000 LEUCADIA NATL CORP COM 527288104 387 15,600 SH SHARED 1 15,600 LEUCADIA NATL CORP COM 527288104 19,597 789,884 SH SOLE NONE 789,884 LEXMARK INTL NEW CL A 529771107 105 2,900 SH SOLE NONE 2,900 LEXMARK INTL NEW CL A 529771107 3,608 100,000 CALL SOLE NONE 100,000 LOCKHEED MARTIN CORP COM 539830109 2,596 31,200 SH SOLE NONE 31,200 LOEWS CORP COM 540424108 7,527 201,900 SH SHARED 1 201,900 LOEWS CORP COM 540424108 17,701 474,800 SH SOLE 2 474,800 LSB CORP COM 50215P100 469 37,500 SH SOLE NONE 37,500 MAIDEN HOLDINGS LTD SHS G5753U112 531 71,800 SH SOLE NONE 71,800 MARATHON OIL CORP COM 565849106 4,676 147,800 SH SHARED 1 147,800 MARATHON OIL CORP COM 565849106 11,030 348,600 SH SOLE 2 348,600 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 8,380 188,700 SH SOLE NONE 188,700 MASTERCARD INC CL A 57636Q104 5,425 21,360 SH SOLE NONE 21,360 MAX CAPITAL GROUP LTD SHS G6052F103 1,934 84,104 SH SHARED 1 84,104 MAX CAPITAL GROUP LTD SHS G6052F103 7,150 311,000 SH SOLE 2 311,000 MAXTOR CORP NOTE 6.800% 4/3 577729AC0 606 600,000 PRN SHARED 1 600,000 MAXTOR CORP NOTE 6.800% 4/3 577729AC0 4,464 4,420,000 PRN SOLE 2 4,420,000 MAXTOR CORP NOTE 2.375% 8/1 577729AE6 1,341 1,150,000 PRN SOLE NONE 1,150,000 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 9,146 9,000,000 PRN SHARED 1 9,000,000 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 27,540 27,100,000 PRN SOLE 2 27,100,000 MERCER INS GROUP INC COM 587902107 421 23,400 SH SHARED 1 23,400 MERCER INS GROUP INC COM 587902107 1,894 105,200 SH SOLE NONE 105,200 MERCK & CO INC NEW COM 58933Y105 1,419 37,993 SH SOLE NONE 37,993 MEREDITH CORP COM 589433101 4,573 132,900 SH SHARED 1 132,900 MEREDITH CORP COM 589433101 11,376 330,600 SH SOLE NONE 330,600 METLIFE INC COM 59156R108 5,905 136,251 SH SOLE NONE 136,251 MICROSOFT CORP COM 594918104 788 26,900 SH SHARED 1 26,900 MICROSOFT CORP COM 594918104 2,076 70,900 SH SOLE NONE 70,900 MILLIPORE CORP NOTE 3.750% 6/0 601073AD1 11,105 8,875,000 PRN SHARED 1 8,875,000 MILLIPORE CORP NOTE 3.750% 6/0 601073AD1 28,935 23,125,000 PRN SOLE 2 23,125,000 MIRANT CORP NEW COM 60467R100 9,165 843,904 SH SHARED 1 843,904 MIRANT CORP NEW COM 60467R100 28,353 2,610,756 SH SOLE 2 2,610,756 MIRANT CORP NEW *W EXP 01/03/201 60467R126 39 322,663 SH SHARED 1 322,663 MIRANT CORP NEW *W EXP 01/03/201 60467R126 38 317,625 SH SOLE NONE 317,625 MOLSON COORS BREWING CO CL B 60871R209 101 2,400 SH SHARED 1 2,400 MOLSON COORS BREWING CO CL B 60871R209 1,581 37,600 SH SOLE NONE 37,600 MORGAN STANLEY COM NEW 617446448 398 13,600 SH SHARED 1 13,600 MORGAN STANLEY COM NEW 617446448 2,818 96,200 SH SOLE NONE 96,200 MORTONS RESTAURANT GRP INC N COM 619430101 587 96,400 SH SOLE NONE 96,400 MURPHY OIL CORP COM 626717102 820 14,600 SH SHARED 1 14,600 MURPHY OIL CORP COM 626717102 4,894 87,100 SH SOLE NONE 87,100 NEENAH PAPER INC COM 640079109 1,723 108,800 SH SHARED 1 108,800 NEENAH PAPER INC COM 640079109 4,739 299,200 SH SOLE 2 299,200 NETAPP INC NOTE 1.750% 6/0 64110DAB0 5,066 4,325,000 PRN SOLE NONE 4,325,000 NETAPP INC COM 64110D104 2,109 64,800 SH SOLE NONE 64,800 NEW YORK TIMES CO CL A 650111107 915 82,200 SH SHARED 1 82,200 NEW YORK TIMES CO CL A 650111107 1,954 175,600 SH SOLE NONE 175,600 NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 3,209 2,500,000 PRN SHARED 1 2,500,000 NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 8,986 7,000,000 PRN SOLE 2 7,000,000 NEWMONT MINING CORP COM 651639106 8,841 173,600 SH SHARED 1 173,600 NEWMONT MINING CORP COM 651639106 34,291 673,300 SH SOLE 2 673,300 NEXEN INC COM 65334H102 14,216 575,300 SH SHARED 1 575,300 NEXEN INC COM 65334H102 37,171 1,504,300 SH SOLE 2 1,504,300 NORTHERN TR CORP COM 665859104 4,095 74,100 SH SOLE NONE 74,100 NORTHGATE MINERALS CORP COM 666416102 905 301,800 SH SHARED 1 301,800 NORTHGATE MINERALS CORP COM 666416102 1,881 627,100 SH SOLE 2 627,100 NORTHWESTERN CORP COM NEW 668074305 399 14,900 SH SHARED 1 14,900 NORTHWESTERN CORP COM NEW 668074305 432 16,100 SH SOLE NONE 16,100 NOVAGOLD RES INC NOTE 5.500% 5/0 66987EAA5 1,318 1,300,000 PRN SHARED 1 1,300,000 NOVAGOLD RES INC NOTE 5.500% 5/0 66987EAA5 4,080 4,025,000 PRN SOLE 2 4,025,000 NV ENERGY INC COM 67073Y106 3,456 280,300 SH SHARED 1 280,300 NV ENERGY INC COM 67073Y106 22,367 1,814,000 SH SOLE 2 1,814,000 NVR INC COM 62944T105 13,411 18,460 SH SOLE NONE 18,460 OCEAN SHORE HLDG CO NEW COM 67501R103 604 56,449 SH SOLE NONE 56,449 OCEANFIRST FINL CORP COM 675234108 852 75,000 SH SOLE NONE 75,000 OMNIAMERICAN BANCORP INC COM 68216R107 1,726 149,700 SH SOLE NONE 149,700 ORITANI FINL CORP COM 686323106 3,367 209,541 SH SOLE NONE 209,541 PAN AMERICAN SILVER CORP COM 697900108 1,053 45,500 SH SOLE NONE 45,500 PENN MILLERS HLDG CORP COM 707561106 1,236 101,739 SH SOLE NONE 101,739 PENN VA CORP NOTE 4.500%11/1 707882AA4 2,538 2,700,000 PRN SHARED 1 2,700,000 PENN VA CORP NOTE 4.500%11/1 707882AA4 6,862 7,300,000 PRN SOLE 2 7,300,000 PEPSICO INC COM 713448108 595 9,000 SH SHARED 1 9,000 PEPSICO INC COM 713448108 6,662 100,700 SH SOLE NONE 100,700 PFIZER INC COM 717081103 7,465 435,300 SH SHARED 1 435,300 PFIZER INC COM 717081103 20,838 1,215,015 SH SOLE 2 1,215,015 PHILIP MORRIS INTL INC COM 718172109 198 3,800 SH SHARED 1 3,800 PHILIP MORRIS INTL INC COM 718172109 365 7,000 SH SOLE NONE 7,000 PICO HLDGS INC COM NEW 693366205 2,376 63,900 SH SOLE NONE 63,900 PLATINUM UNDERWRITER HLDGS L COM G7127P100 6,103 164,600 SH SHARED 1 164,600 PLATINUM UNDERWRITER HLDGS L COM G7127P100 45,679 1,231,900 SH SOLE 2 1,231,900 POPULAR INC COM 733174106 512 175,900 SH SOLE NONE 175,900 POST PPTYS INC COM 737464107 6,932 314,800 SH SHARED 1 314,800 POST PPTYS INC COM 737464107 17,722 804,800 SH SOLE 2 804,800 PRESIDENTIAL LIFE CORP COM 740884101 136 13,600 SH SOLE NONE 13,600 PROCTER & GAMBLE CO COM 742718109 595 9,400 SH SHARED 1 9,400 PROCTER & GAMBLE CO COM 742718109 7,774 122,864 SH SOLE NONE 122,864 PROGRESSIVE CORP OHIO COM 743315103 7,451 390,300 SH SOLE NONE 390,300 PRUDENTIAL FINL INC COM 744320102 3,872 64,000 SH SOLE NONE 64,000 PSB HLDGS INC COM 69360W108 462 102,760 SH SOLE NONE 102,760 PURECYCLE CORP COM NEW 746228303 133 54,800 SH SOLE NONE 54,800 QLOGIC CORP COM 747277101 911 44,900 SH SOLE NONE 44,900 QUALCOMM INC COM 747525103 420 10,000 SH SHARED 1 10,000 QUALCOMM INC COM 747525103 495 11,800 SH SOLE NONE 11,800 RENAISSANCERE HOLDINGS LTD COM G7496G103 1,498 26,400 SH SOLE NONE 26,400 REPSOL YPF S A SPONSORED ADR 76026T205 5,379 226,200 SH SHARED 1 226,200 REPSOL YPF S A SPONSORED ADR 76026T205 12,194 512,800 SH SOLE 2 512,800 ROCKVILLE FINL INC COM 774186100 191 15,700 SH SHARED 1 15,700 ROCKVILLE FINL INC COM 774186100 215 17,600 SH SOLE NONE 17,600 ROMA FINANCIAL CORP COM 77581P109 133 10,600 SH SHARED 1 10,600 ROMA FINANCIAL CORP COM 77581P109 4,161 331,832 SH SOLE NONE 331,832 RTI INTL METALS INC COM 74973W107 297 9,800 SH SHARED 1 9,800 RTI INTL METALS INC COM 74973W107 2,262 74,576 SH SOLE 2 74,576 SAFETY INS GROUP INC COM 78648T100 991 26,300 SH SOLE NONE 26,300 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 452 21,700 SH SHARED 1 21,700 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 6,446 309,300 SH SOLE NONE 309,300 SARA LEE CORP COM 803111103 1,679 120,500 SH SHARED 1 120,500 SARA LEE CORP COM 803111103 4,572 328,200 SH SOLE 2 328,200 SEAGATE TECHNOLOGY SHS G7945J104 3,217 176,200 CALL SOLE NONE 176,200 SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 2,204 1,925,000 PRN SHARED 1 1,925,000 SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 5,811 5,075,000 PRN SOLE 2 5,075,000 SPDR GOLD TRUST GOLD SHS 78463V107 17,988 165,100 SH SOLE NONE 165,100 STATE AUTO FINL CORP COM 855707105 4,443 247,500 SH SHARED 1 247,500 STATE AUTO FINL CORP COM 855707105 10,433 581,200 SH SOLE 2 581,200 SUPERVALU INC COM 868536103 2,747 164,702 SH SHARED 1 164,702 SUPERVALU INC COM 868536103 6,680 400,496 SH SOLE 2 400,496 SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 1,428 1,375,000 PRN SOLE NONE 1,375,000 SYMANTEC CORP COM 871503108 278 16,400 SH SOLE NONE 16,400 SYMETRA FINL CORP COM 87151Q106 31,222 2,368,900 SH SOLE NONE 2,368,900 SYMS CORP COM 871551107 120 12,000 SH SOLE NONE 12,000 SYNOPSYS INC COM 871607107 199 8,900 SH SHARED 1 8,900 SYNOPSYS INC COM 871607107 1,387 62,000 SH SOLE NONE 62,000 TCF FINL CORP COM 872275102 351 22,000 PUT SOLE NONE 22,000 TELEPHONE & DATA SYS INC COM 879433100 2,525 74,600 SH SHARED 1 74,600 TELEPHONE & DATA SYS INC COM 879433100 5,805 171,500 SH SOLE 2 171,500 TERADATA CORP DEL COM 88076W103 199 6,900 SH SHARED 1 6,900 TERADATA CORP DEL COM 88076W103 1,956 67,700 SH SOLE NONE 67,700 TERRITORIAL BANCORP INC COM 88145X108 1,414 74,300 SH SOLE NONE 74,300 THOMAS PPTYS GROUP INC COM 884453101 1,891 572,987 SH SOLE NONE 572,987 TOLL BROTHERS INC COM 889478103 98 4,700 SH SHARED 1 4,700 TOLL BROTHERS INC COM 889478103 4,312 207,300 SH SOLE NONE 207,300 TOOTSIE ROLL INDS INC COM 890516107 5,572 206,133 SH SHARED 1 206,133 TOOTSIE ROLL INDS INC COM 890516107 12,820 474,287 SH SOLE 2 474,287 TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 3,370 4,300,000 PRN SHARED 1 4,300,000 TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 9,170 11,700,000 PRN SOLE 2 11,700,000 TYCO INTERNATIONAL LTD SHS H89128104 1,538 40,200 SH SHARED 1 40,200 TYCO INTERNATIONAL LTD SHS H89128104 10,764 281,400 SH SOLE NONE 281,400 UAL CORP DBCV 5.000% 2/0 902549AE4 4,034 4,100,000 PRN SHARED 1 4,100,000 UAL CORP DBCV 5.000% 2/0 902549AE4 13,478 13,700,000 PRN SOLE 2 13,700,000 UNISOURCE ENERGY CORP NOTE 4.500% 3/0 909205AB2 7,128 7,200,000 PRN SHARED 1 7,200,000 UNISOURCE ENERGY CORP NOTE 4.500% 3/0 909205AB2 23,562 23,800,000 PRN SOLE 2 23,800,000 UNISOURCE ENERGY CORP COM 909205106 1,497 47,600 SH SHARED 1 47,600 UNISOURCE ENERGY CORP COM 909205106 7,847 249,600 SH SOLE 2 249,600 UNITED FINANCIAL BANCORP INC COM 91030T109 818 58,500 SH SOLE NONE 58,500 US BANCORP DEL DBCV 12/1 902973AM8 1,485 1,500,000 PRN SHARED 1 1,500,000 US BANCORP DEL DBCV 12/1 902973AM8 3,465 3,500,000 PRN SOLE 2 3,500,000 USEC INC NOTE 3.000%10/0 90333EAC2 13,647 16,900,000 PRN SHARED 1 16,900,000 USEC INC NOTE 3.000%10/0 90333EAC2 34,400 42,600,000 PRN SOLE 2 42,600,000 USEC INC COM 90333E108 78 13,500 SH SHARED 1 13,500 USEC INC COM 90333E108 190 33,000 SH SOLE 2 33,000 VISA INC COM CL A 92826C839 2,649 29,100 PUT SOLE NONE 29,100 WAL MART STORES INC COM 931142103 400 7,200 SH SHARED 1 7,200 WAL MART STORES INC COM 931142103 901 16,200 SH SOLE NONE 16,200 WALGREEN CO COM 931422109 2,162 58,300 SH SHARED 1 58,300 WALGREEN CO COM 931422109 4,773 128,700 SH SOLE 2 128,700 WASHINGTON POST CO CL B 939640108 355 800 SH SOLE NONE 800 WATERSTONE FINANCIAL INC COM 941888109 183 50,500 SH SHARED 1 50,500 WATERSTONE FINANCIAL INC COM 941888109 468 129,200 SH SOLE NONE 129,200 WELLPOINT INC COM 94973V107 296 4,600 SH SHARED 1 4,600 WELLPOINT INC COM 94973V107 5,846 90,800 SH SOLE NONE 90,800 WESCO FINL CORP COM 950817106 752 1,951 SH SOLE NONE 1,951 WESTERN UN CO COM 959802109 339 20,000 SH SOLE NONE 20,000 WESTFIELD FINANCIAL INC NEW COM 96008P104 965 105,000 SH SOLE NONE 105,000 WHITE MTNS INS GROUP LTD COM G9618E107 17,750 50,000 SH SOLE NONE 50,000 WHITE RIVER CAPITAL INC COM 96445P105 196 14,330 SH SOLE NONE 14,330 WILLIAMS CLAYTON ENERGY INC COM 969490101 2,774 79,300 SH SHARED 1 79,300 WILLIAMS CLAYTON ENERGY INC COM 969490101 6,300 180,100 SH SOLE 2 180,100 XEROX CORP COM 984121103 5,112 524,341 SH SHARED 1 524,341 XEROX CORP COM 984121103 16,377 1,679,681 SH SOLE 2 1,679,681 XILINX INC COM 983919101 4,860 190,600 SH SOLE NONE 190,600 XYRATEX LTD COM G98268108 1,703 100,563 SH SOLE NONE 100,563 YUM BRANDS INC COM 988498101 199 5,200 SH SHARED 1 5,200 YUM BRANDS INC COM 988498101 3,542 92,400 SH SOLE NONE 92,400 ZENITH NATL INS CORP COM 989390109 4,526 118,100 SH SOLE NONE 118,100
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