-----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, HxRhRkSgFIGiEex/ZysMPkZElXz1fJMcT+ztG7KwA9oFXEnSciIKk+axVd/rR+gK D+W6Xob+ZROM1ZNXjrUz/Q== 0000919574-10-006466.txt : 20101115 0000919574-10-006466.hdr.sgml : 20101115 20101115105411 ACCESSION NUMBER: 0000919574-10-006466 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100930 FILED AS OF DATE: 20101115 DATE AS OF CHANGE: 20101115 EFFECTIVENESS DATE: 20101115 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: 101189865 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 d1146356_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, 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 November 15, 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: 321 Form 13F Information Table Value Total: $1,923,038 (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 September 30, 2010 Prospector Partners, LLC
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - --------------------------- --------------- --------- -------- ------------------- ---------- -------- ------------------------ VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE - --------------------------- --------------- --------- -------- --------- --- ---- ---------- -------- -------- --------- ---- ABBOTT LABS COM 002824100 2,189 41,900 SH SHARED 1 41,900 ABBOTT LABS COM 002824100 11,864 227,100 SH SOLE 2 227,100 ABINGTON BANCORP INC COM 00350L109 1,039 98,540 SH SOLE NONE 98,540 ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 2,137 2,100,000 PRN SHARED 1 2,100,000 ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 14,143 13,900,000 PRN SOLE 2 13,900,000 AIR PRODS & CHEMS INC COM 009158106 1,002 12,100 SH SOLE NONE 12,100 ALBERTO CULVER CO NEW COM 013078100 1,028 27,300 SH SHARED 1 27,300 ALBERTO CULVER CO NEW COM 013078100 6,785 180,200 SH SOLE NONE 180,200 ALLEGHANY CORP DEL COM 017175100 4,071 13,434 SH SOLE NONE 13,434 ALLEGHENY ENERGY INC COM 017361106 6,792 277,000 SH SHARED 1 277,000 ALLEGHENY ENERGY INC COM 017361106 36,260 1,478,800 SH SOLE 2 1,478,800 ALLIANT TECHSYSTEMS INC COM 018804104 173 2,300 SH SHARED 1 2,300 ALLIANT TECHSYSTEMS INC COM 018804104 2,089 27,700 SH SOLE NONE 27,700 ALLIANT TECHSYSTEMS INC NOTE 2.750% 2/1 018804AH7 150 150,000 PRN SHARED 1 150,000 ALLIANT TECHSYSTEMS INC NOTE 2.750% 2/1 018804AH7 1,852 1,850,000 PRN SOLE NONE 1,850,000 ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 257 225,000 PRN SHARED 1 225,000 ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 3,167 2,775,000 PRN SOLE NONE 2,775,000 ALTERRA CAPITAL HOLDINGS LIM COM G0229R108 624 31,304 SH SHARED 1 31,304 ALTERRA CAPITAL HOLDINGS LIM COM G0229R108 7,195 361,200 SH SOLE 2 361,200 AMEREN CORP COM 023608102 579 20,400 SH SHARED 1 20,400 AMEREN CORP COM 023608102 3,689 129,900 SH SOLE NONE 129,900 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 434 29,000 SH SHARED 1 29,000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,779 118,900 SH SOLE NONE 118,900 AMERICAN ELEC PWR INC COM 025537101 801 22,100 SH SHARED 1 22,100 AMERICAN ELEC PWR INC COM 025537101 4,061 112,100 SH SOLE NONE 112,100 AMERICAN MED SYS HLDGS INC COM 02744M108 566 28,900 SH SOLE NONE 28,900 AMERIGROUP CORP COM 03073T102 1,199 28,233 SH SOLE NONE 28,233 AMERISAFE INC COM 03071H100 317 16,900 SH SOLE NONE 16,900 AMGEN INC NOTE 0.125% 2/0 031162AN0 5,405 5,425,000 PRN SHARED 1 5,425,000 AMGEN INC NOTE 0.125% 2/0 031162AN0 21,494 21,575,000 PRN SOLE 2 21,575,000 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 536 11,600 SH SHARED 1 11,600 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 3,389 73,300 SH SOLE 2 73,300 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 6,154 5,875,000 PRN SHARED 1 5,875,000 ANIXTER INTL INC NOTE 1.000% 2/1 035290AJ4 37,317 35,625,000 PRN SOLE 2 35,625,000 AON CORP COM 037389103 974 24,900 SH SHARED 1 24,900 AON CORP COM 037389103 10,196 260,700 SH SOLE NONE 260,700 APPLE INC COM 037833100 284 1,000 SH SHARED 1 1,000 APPLE INC COM 037833100 2,469 8,700 SH SOLE NONE 8,700 ARCH CAP GROUP LTD ORD G0450A105 1,291 15,400 SH SHARED 1 15,400 ARCH CAP GROUP LTD ORD G0450A105 25,198 300,691 SH SOLE 2 300,691 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 3,479 3,325,000 PRN SHARED 1 3,325,000 ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 21,631 20,675,000 PRN SOLE 2 20,675,000 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 58 1,900 SH SHARED 1 1,900 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 7,422 245,103 SH SOLE NONE 245,103 ASSURANT INC COM 04621X108 6,980 171,500 SH SOLE NONE 171,500 AUTOMATIC DATA PROCESSING IN COM 053015103 7,242 172,300 SH SHARED 1 172,300 AUTOMATIC DATA PROCESSING IN COM 053015103 39,134 931,100 SH SOLE 2 931,100 BARRICK GOLD CORP COM 067901108 5,499 118,800 SH SHARED 1 118,800 BARRICK GOLD CORP COM 067901108 36,310 784,400 SH SOLE 2 784,400 BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,743 14 SH SOLE NONE 14 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,415 41,300 SH SHARED 1 41,300 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 35,523 429,650 SH SOLE 2 429,650 BIOGEN IDEC INC COM 09062X103 567 10,100 SH SHARED 1 10,100 BIOGEN IDEC INC COM 09062X103 3,749 66,800 SH SOLE NONE 66,800 BLOCK H & R INC COM 093671105 2,335 180,300 SH SOLE NONE 180,300 BLUE COAT SYSTEMS INC COM NEW 09534T508 325 13,500 SH SOLE NONE 13,500 BMC SOFTWARE INC COM 055921100 1,044 25,800 SH SHARED 1 25,800 BMC SOFTWARE INC COM 055921100 5,343 132,000 SH SOLE NONE 132,000 BRINKER INTL INC COM 109641100 500 26,500 SH SHARED 1 26,500 BRINKER INTL INC COM 109641100 4,932 261,500 SH SOLE NONE 261,500 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 505 22,100 SH SOLE NONE 22,100 CACI INTL INC CL A 127190304 749 16,540 SH SOLE NONE 16,540 CALPINE CORP COM NEW 131347304 2,001 160,700 SH SHARED 1 160,700 CALPINE CORP COM NEW 131347304 10,554 847,734 SH SOLE 2 847,734 CAMPBELL SOUP CO COM 134429109 1,505 42,100 SH SHARED 1 42,100 CAMPBELL SOUP CO COM 134429109 8,040 224,900 SH SOLE 2 224,900 CAPE BANCORP INC COM 139209100 605 79,662 SH SOLE NONE 79,662 CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 559 575,000 PRN SHARED 1 575,000 CENTURY ALUM CO NOTE 1.750% 8/0 156431AE8 3,331 3,425,000 PRN SOLE NONE 3,425,000 CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 1,933 1,975,000 PRN SHARED 1 1,975,000 CHARLES RIV LABS INTL INC NOTE 2.250% 6/1 159864AB3 11,280 11,525,000 PRN SOLE 2 11,525,000 CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 287 300,000 PRN SHARED 1 300,000 CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 1,628 1,700,000 PRN SOLE 2 1,700,000 CHICOPEE BANCORP INC COM 168565109 1,157 102,471 SH SOLE NONE 102,471 CHUBB CORP COM 171232101 15,946 279,809 SH SOLE NONE 279,809 CHURCH & DWIGHT INC COM 171340102 552 8,500 SH SHARED 1 8,500 CHURCH & DWIGHT INC COM 171340102 10,687 164,570 SH SOLE NONE 164,570 CIENA CORP NOTE 0.250% 5/0 171779AB7 2,164 2,425,000 PRN SOLE NONE 2,425,000 CINCINNATI FINL CORP COM 172062101 3,071 106,450 SH SOLE NONE 106,450 CISCO SYS INC COM 17275R102 1,018 46,500 SH SHARED 1 46,500 CISCO SYS INC COM 17275R102 5,019 229,200 SH SOLE NONE 229,200 CITIGROUP INC COM 172967101 266 68,200 SH SHARED 1 68,200 CITIGROUP INC COM 172967101 3,230 828,300 SH SOLE NONE 828,300 CLIFTON SVGS BANCORP INC COM 18712Q103 610 70,900 SH SOLE NONE 70,900 CLOROX CO DEL COM 189054109 1,102 16,500 SH SHARED 1 16,500 CLOROX CO DEL COM 189054109 6,526 97,750 SH SOLE NONE 97,750 CMS ENERGY CORP COM 125896100 4,883 271,000 SH SOLE NONE 271,000 CNA FINL CORP COM 126117100 602 21,500 SH SOLE NONE 21,500 COCA COLA CO COM 191216100 3,991 68,200 SH SHARED 1 68,200 COCA COLA CO COM 191216100 14,636 250,100 SH SOLE 2 250,100 COCA COLA ENTERPRISES INC COM 191219104 2,759 89,000 SH SHARED 1 89,000 COCA COLA ENTERPRISES INC COM 191219104 15,051 485,500 SH SOLE 2 485,500 COMCAST CORP NEW CL A SPL 20030N200 1,881 110,600 SH SHARED 1 110,600 COMCAST CORP NEW CL A SPL 20030N200 10,194 599,300 SH SOLE 2 599,300 CONNECTICUT BK&TR CO HART NE COM 207546102 488 101,686 SH SOLE NONE 101,686 DIAGEO P L C SPON ADR NEW 25243Q205 959 13,900 SH SOLE NONE 13,900 DISNEY WALT CO COM DISNEY 254687106 377 11,400 SH SHARED 1 11,400 DISNEY WALT CO COM DISNEY 254687106 2,521 76,139 SH SOLE 2 76,139 DOMINION RES INC VA NEW NOTE 2.125%12/1 25746UAT6 828 675,000 PRN SHARED 1 675,000 DOMINION RES INC VA NEW NOTE 2.125%12/1 25746UAT6 5,058 4,125,000 PRN SOLE 2 4,125,000 DOMTAR CORP COM NEW 257559203 6,329 98,000 SH SHARED 1 98,000 DOMTAR CORP COM NEW 257559203 37,533 581,181 SH SOLE 2 581,181 DONEGAL GROUP INC CL A 257701201 340 26,000 SH SHARED 1 26,000 DONEGAL GROUP INC CL A 257701201 1,778 136,000 SH SOLE 2 136,000 DU PONT E I DE NEMOURS & CO COM 263534109 8,933 200,200 SH SHARED 1 200,200 DU PONT E I DE NEMOURS & CO COM 263534109 47,141 1,056,500 SH SOLE 2 1,056,500 E M C CORP MASS COM 268648102 1,377 67,800 SH SHARED 1 67,800 E M C CORP MASS COM 268648102 3,995 196,700 SH SOLE NONE 196,700 E M C CORP MASS COM 268648102 6,296 310,000 CALL SOLE NONE 310,000 EL PASO CORP COM 28336L109 708 57,200 SH SHARED 1 57,200 EL PASO CORP COM 28336L109 4,490 362,700 SH SOLE 2 362,700 EL PASO ELEC CO COM NEW 283677854 583 24,497 SH SOLE NONE 24,497 EL PASO ENERGY CAP TR I PFD CV TR SECS 283678209 566 14,800 SH SHARED 1 14,800 EL PASO ENERGY CAP TR I PFD CV TR SECS 283678209 3,110 81,300 SH SOLE 2 81,300 EMPIRE DIST ELEC CO COM 291641108 784 38,900 SH SHARED 1 38,900 EMPIRE DIST ELEC CO COM 291641108 3,033 150,500 SH SOLE NONE 150,500 EMPLOYERS HOLDINGS INC COM 292218104 315 20,000 SH SOLE NONE 20,000 EMULEX CORP COM NEW 292475209 1,287 123,300 SH SOLE NONE 123,300 ENSTAR GROUP LIMITED SHS G3075P101 741 10,200 SH SOLE NONE 10,200 FIFTH THIRD BANCORP COM 316773100 543 45,100 SH SHARED 1 45,100 FIRST AMERN FINL CORP COM 31847R102 807 54,000 SH SHARED 1 54,000 FIRST AMERN FINL CORP COM 31847R102 4,422 296,000 SH SOLE 2 296,000 FIRST DEFIANCE FINL CORP COM 32006W106 324 32,100 SH SOLE NONE 32,100 FIRST HORIZON NATL CORP COM 320517105 5,004 438,522 SH SOLE NONE 438,522 FORESTAR GROUP INC COM 346233109 868 50,900 SH SHARED 1 50,900 FORESTAR GROUP INC COM 346233109 6,160 361,300 SH SOLE 2 361,300 FORTUNE BRANDS INC COM 349631101 2,629 53,400 SH SHARED 1 53,400 FORTUNE BRANDS INC COM 349631101 16,541 336,000 SH SOLE 2 336,000 FOX CHASE BANCORP INC NEW COM 35137T108 237 25,000 SH SHARED 1 25,000 FOX CHASE BANCORP INC NEW COM 35137T108 2,045 216,203 SH SOLE NONE 216,203 FRANKLIN RES INC COM 354613101 1,326 12,400 SH SHARED 1 12,400 FRANKLIN RES INC COM 354613101 21,389 200,082 SH SOLE NONE 200,082 GALLAGHER ARTHUR J & CO COM 363576109 343 13,000 SH SHARED 1 13,000 GALLAGHER ARTHUR J & CO COM 363576109 4,475 169,700 SH SOLE 2 169,700 GILEAD SCIENCES INC NOTE 0.625% 5/0 375558AH6 934 850,000 PRN SHARED 1 850,000 GILEAD SCIENCES INC NOTE 0.625% 5/0 375558AH6 5,659 5,150,000 PRN SOLE 2 5,150,000 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 7,843 513,600 SH SHARED 1 513,600 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 41,453 2,714,700 SH SOLE 2 2,714,700 GRACO INC COM 384109104 1,333 42,000 SH SOLE NONE 42,000 GREATBATCH INC SDCV 2.250% 6/1 39153LAB2 12,983 13,775,000 PRN SOLE 2 13,775,000 GREATBATCH INC SDCV 2.250% 6/1 39153LAB2 2,097 2,225,000 PRN SHARED 1 2,225,000 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 199 22,800 SH SOLE NONE 22,800 HAMPDEN BANCORP INC COM 40867E107 277 27,566 SH SOLE NONE 27,566 HESS CORP COM 42809H107 2,548 43,100 SH SHARED 1 43,100 HESS CORP COM 42809H107 17,390 294,151 SH SOLE 2 294,151 HEWLETT PACKARD CO COM 428236103 1,249 29,700 SH SHARED 1 29,700 HEWLETT PACKARD CO COM 428236103 6,512 154,800 SH SOLE NONE 154,800 HOME DEPOT INC COM 437076102 1,495 47,200 SH SHARED 1 47,200 HOME DEPOT INC COM 437076102 4,749 149,900 SH SOLE NONE 149,900 HORSEHEAD HLDG CORP COM 440694305 832 84,300 SH SOLE NONE 84,300 HUGOTON RTY TR TEX UNIT BEN INT 444717102 534 26,700 SH SOLE NONE 26,700 HUMANA INC COM 444859102 447 8,900 SH SHARED 1 8,900 HUMANA INC COM 444859102 1,547 30,800 SH SOLE NONE 30,800 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 3,062 63,100 SH SOLE NONE 63,100 INVESCO LTD SHS G491BT108 771 36,300 SH SHARED 1 36,300 INVESCO LTD SHS G491BT108 4,567 215,100 SH SOLE NONE 215,100 JOHNSON & JOHNSON COM 478160104 2,708 43,700 SH SHARED 1 43,700 JOHNSON & JOHNSON COM 478160104 9,145 147,600 SH SOLE 2 147,600 JPMORGAN CHASE & CO COM 46625H100 2,136 56,100 SH SHARED 1 56,100 JPMORGAN CHASE & CO COM 46625H100 12,479 327,800 SH SOLE NONE 327,800 KINROSS GOLD CORP COM NO PAR 496902404 1,377 73,300 SH SHARED 1 73,300 KINROSS GOLD CORP COM NO PAR 496902404 3,352 178,400 SH SOLE NONE 178,400 KINROSS GOLD CORP NOTE 1.750% 3/1 496902AD9 4,253 4,175,000 PRN SHARED 1 4,175,000 KINROSS GOLD CORP NOTE 1.750% 3/1 496902AD9 15,612 15,325,000 PRN SOLE 2 15,325,000 LEUCADIA NATL CORP COM 527288104 1,429 60,500 SH SHARED 1 60,500 LEUCADIA NATL CORP COM 527288104 18,837 797,484 SH SOLE NONE 797,484 LEXMARK INTL NEW CL A 529771107 5,578 125,000 PUT SOLE NONE 125,000 LOCKHEED MARTIN CORP COM 539830109 2,224 31,200 SH SOLE NONE 31,200 LOEWS CORP COM 540424108 3,957 104,400 SH SHARED 1 104,400 LOEWS CORP COM 540424108 21,254 560,800 SH SOLE 2 560,800 MAIDEN HOLDINGS LTD SHS G5753U112 698 91,700 SH SOLE NONE 91,700 MAJESTIC CAPITAL LTD SHS G5760D103 64 171,887 SH SOLE NONE 171,887 MARATHON OIL CORP COM 565849106 3,568 107,800 SH SHARED 1 107,800 MARATHON OIL CORP COM 565849106 19,218 580,600 SH SOLE 2 580,600 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 9,424 168,500 SH SOLE NONE 168,500 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 2,935 167,600 SH SOLE NONE 167,600 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 4,305 4,300,000 PRN SHARED 1 4,300,000 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 16,721 16,700,000 PRN SOLE 2 16,700,000 MERCER INS GROUP INC COM 587902107 112 6,300 SH SHARED 1 6,300 MERCER INS GROUP INC COM 587902107 3,594 201,900 SH SOLE 2 201,900 MERCK & CO INC NEW COM 58933Y105 1,053 28,593 SH SOLE NONE 28,593 MEREDITH CORP COM 589433101 8,777 263,500 SH SOLE NONE 263,500 METLIFE INC COM 59156R108 8,130 211,451 SH SOLE NONE 211,451 MF GLOBAL HLDGS LTD COM 55277J108 1,294 179,700 SH SOLE NONE 179,700 MICROSOFT CORP COM 594918104 1,555 63,500 SH SHARED 1 63,500 MICROSOFT CORP COM 594918104 4,592 187,500 SH SOLE NONE 187,500 MIRANT CORP NEW *W EXP 01/03/201 60467R126 6 283,658 SH SHARED 1 283,658 MIRANT CORP NEW *W EXP 01/03/201 60467R126 8 356,630 SH SOLE NONE 356,630 MIRANT CORP NEW COM 60467R100 5,078 509,800 SH SHARED 1 509,800 MIRANT CORP NEW COM 60467R100 33,866 3,400,160 SH SOLE 2 3,400,160 MIRANT CORP NEW COM 60467R100 1,484 149,000 CALL SOLE NONE 149,000 MOLSON COORS BREWING CO CL B 60871R209 704 14,900 SH SHARED 1 14,900 MOLSON COORS BREWING CO CL B 60871R209 4,264 90,300 SH SOLE NONE 90,300 MORGAN STANLEY COM NEW 617446448 526 21,300 SH SHARED 1 21,300 MORGAN STANLEY COM NEW 617446448 2,643 107,100 SH SOLE NONE 107,100 MORTONS RESTAURANT GRP INC N COM 619430101 573 117,177 SH SOLE NONE 117,177 MURPHY OIL CORP COM 626717102 1,492 24,100 SH SHARED 1 24,100 MURPHY OIL CORP COM 626717102 5,635 91,000 SH SOLE NONE 91,000 NAVIGATORS GROUP INC COM 638904102 379 8,500 SH SHARED 1 8,500 NAVIGATORS GROUP INC COM 638904102 4,900 109,800 SH SOLE 2 109,800 NEENAH PAPER INC COM 640079109 530 34,900 SH SHARED 1 34,900 NEENAH PAPER INC COM 640079109 5,124 337,100 SH SOLE 2 337,100 NEW YORK TIMES CO CL A 650111107 39 5,000 SH SHARED 1 5,000 NEW YORK TIMES CO CL A 650111107 1,918 247,800 SH SOLE NONE 247,800 NEWMONT MINING CORP COM 651639106 5,772 91,900 SH SHARED 1 91,900 NEWMONT MINING CORP COM 651639106 50,763 808,200 SH SOLE 2 808,200 NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 1,675 1,150,000 PRN SHARED 1 1,150,000 NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 10,703 7,350,000 PRN SOLE 2 7,350,000 NEXEN INC COM 65334H102 7,465 371,400 SH SHARED 1 371,400 NEXEN INC COM 65334H102 40,526 2,016,200 SH SOLE 2 2,016,200 NORTHERN TR CORP COM 665859104 6,840 141,800 SH SOLE NONE 141,800 NORTHGATE MINERALS CORP COM 666416102 429 141,500 SH SHARED 1 141,500 NORTHGATE MINERALS CORP COM 666416102 2,795 922,400 SH SOLE 2 922,400 NORTHWESTERN CORP COM NEW 668074305 174 6,100 SH SHARED 1 6,100 NORTHWESTERN CORP COM NEW 668074305 214 7,500 SH SOLE NONE 7,500 NV ENERGY INC COM 67073Y106 430 32,700 SH SHARED 1 32,700 NV ENERGY INC COM 67073Y106 17,839 1,356,600 SH SOLE 2 1,356,600 NVR INC COM 62944T105 453 700 SH SHARED 1 700 NVR INC COM 62944T105 10,419 16,090 SH SOLE NONE 16,090 OCEAN SHORE HLDG CO NEW COM 67501R103 603 56,449 SH SOLE NONE 56,449 OMNIAMERICAN BANCORP INC COM 68216R107 2,422 214,900 SH SOLE NONE 214,900 ORITANI FINL CORP DEL COM 68633D103 200 20,000 SH SHARED 1 20,000 ORITANI FINL CORP DEL COM 68633D103 5,259 526,961 SH SOLE NONE 526,961 PENN MILLERS HLDG CORP COM 707561106 1,614 109,139 SH SOLE NONE 109,139 PENN VA CORP NOTE 4.500%11/1 707882AA4 1,194 1,225,000 PRN SHARED 1 1,225,000 PENN VA CORP NOTE 4.500%11/1 707882AA4 8,556 8,775,000 PRN SOLE 2 8,775,000 PEPSICO INC COM 713448108 2,259 34,000 SH SHARED 1 34,000 PEPSICO INC COM 713448108 11,966 180,100 SH SOLE NONE 180,100 PFIZER INC COM 717081103 5,788 337,100 SH SHARED 1 337,100 PFIZER INC COM 717081103 28,266 1,646,215 SH SOLE 2 1,646,215 PHH CORP NOTE 4.000% 4/1 693320AH6 584 500,000 PRN SOLE NONE 500,000 PHILIP MORRIS INTL INC COM 718172109 1,966 35,100 SH SHARED 1 35,100 PHILIP MORRIS INTL INC COM 718172109 3,793 67,700 SH SOLE NONE 67,700 PICO HLDGS INC COM NEW 693366205 1,821 61,000 SH SOLE NONE 61,000 PLATINUM UNDERWRITER HLDGS L COM G7127P100 4,191 96,300 SH SHARED 1 96,300 PLATINUM UNDERWRITER HLDGS L COM G7127P100 51,826 1,190,856 SH SOLE 2 1,190,856 POPULAR INC COM 733174106 871 300,430 SH SOLE NONE 300,430 POST PPTYS INC COM 737464107 3,448 123,500 SH SHARED 1 123,500 POST PPTYS INC COM 737464107 20,552 736,100 SH SOLE 2 736,100 PROCTER & GAMBLE CO COM 742718109 810 13,500 SH SHARED 1 13,500 PROCTER & GAMBLE CO COM 742718109 4,406 73,464 SH SOLE NONE 73,464 PROGRESSIVE CORP OHIO COM 743315103 7,833 375,300 SH SOLE NONE 375,300 PRUDENTIAL FINL INC COM 744320102 4,448 82,100 SH SOLE NONE 82,100 PSB HLDGS INC COM 69360W108 418 114,486 SH SOLE NONE 114,486 PURECYCLE CORP COM NEW 746228303 155 54,800 SH SOLE NONE 54,800 QLOGIC CORP COM 747277101 427 24,200 SH SOLE NONE 24,200 QLOGIC CORP COM 747277101 3,147 178,400 CALL SOLE NONE 178,400 QUALCOMM INC COM 747525103 451 10,000 SH SHARED 1 10,000 QUALCOMM INC COM 747525103 532 11,800 SH SOLE NONE 11,800 RENAISSANCERE HOLDINGS LTD COM G7496G103 1,037 17,300 SH SOLE NONE 17,300 REPSOL YPF S A SPONSORED ADR 76026T205 2,612 101,500 SH SHARED 1 101,500 REPSOL YPF S A SPONSORED ADR 76026T205 18,803 730,800 SH SOLE 2 730,800 ROMA FINANCIAL CORP COM 77581P109 496 47,110 SH SOLE NONE 47,110 RTI INTL METALS INC COM 74973W107 967 31,576 SH SOLE NONE 31,576 SAFETY INS GROUP INC COM 78648T100 2,273 54,100 SH SOLE NONE 54,100 SARA LEE CORP COM 803111103 600 44,700 SH SHARED 1 44,700 SARA LEE CORP COM 803111103 5,050 376,000 SH SOLE 2 376,000 SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 1,899 1,800,000 PRN SHARED 1 1,800,000 SMITHFIELD FOODS INC NOTE 4.000% 6/3 832248AR9 10,761 10,200,000 PRN SOLE 2 10,200,000 SPDR GOLD TRUST GOLD SHS 78463V107 21,118 165,100 SH SOLE NONE 165,100 SPDR S&P 500 ETF TR TR UNIT 78462F103 19,709 172,700 SH SOLE NONE 172,700 STATE AUTO FINL CORP COM 855707105 2,272 149,400 SH SHARED 1 149,400 STATE AUTO FINL CORP COM 855707105 12,542 824,600 SH SOLE 2 824,600 STEWART INFORMATION SVCS COR COM 860372101 226 20,000 SH SOLE NONE 20,000 SUPERVALU INC COM 868536103 1,487 129,000 SH SHARED 1 129,000 SUPERVALU INC COM 868536103 7,158 620,798 SH SOLE 2 620,798 SYMANTEC CORP COM 871503108 133 8,800 SH SOLE NONE 8,800 SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 1,403 1,375,000 PRN SOLE NONE 1,375,000 SYMETRA FINL CORP COM 87151Q106 24,924 2,382,773 SH SOLE NONE 2,382,773 SYMS CORP COM 871551107 92 12,000 SH SOLE NONE 12,000 SYNOPSYS INC COM 871607107 220 8,900 SH SHARED 1 8,900 SYNOPSYS INC COM 871607107 1,496 60,400 SH SOLE NONE 60,400 TELEPHONE & DATA SYS INC COM 879433100 1,502 45,800 SH SHARED 1 45,800 TELEPHONE & DATA SYS INC COM 879433100 8,243 251,300 SH SOLE 2 251,300 TERADATA CORP DEL COM 88076W104 748 19,400 SH SHARED 1 19,400 TERADATA CORP DEL COM 88076W103 3,544 91,900 SH SOLE NONE 91,900 TERRITORIAL BANCORP INC COM 88145X108 1,765 104,900 SH SOLE NONE 104,900 THOMAS PPTYS GROUP INC COM 884453101 2,149 601,987 SH SOLE NONE 601,987 TOLL BROTHERS INC COM 889478103 843 44,300 SH SHARED 1 44,300 TOLL BROTHERS INC COM 889478103 4,411 231,900 SH SOLE NONE 231,900 TOOTSIE ROLL INDS INC COM 890516107 2,489 100,029 SH SHARED 1 100,029 TOOTSIE ROLL INDS INC COM 890516107 16,007 643,388 SH SOLE 2 643,388 TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 2,149 2,375,000 PRN SHARED 1 2,375,000 TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 14,141 15,625,000 PRN SOLE 2 15,625,000 TYCO INTERNATIONAL LTD SHS H89128104 195 5,300 SH SHARED 1 5,300 TYCO INTERNATIONAL LTD SHS H89128104 9,377 255,300 SH SOLE 2 255,300 UAL CORP DBCV 5.000% 2/0 902549AE4 2,476 2,475,000 PRN SHARED 1 2,475,000 UAL CORP DBCV 5.000% 2/0 902549AE4 14,334 14,325,000 PRN SOLE 2 14,325,000 UNISOURCE ENERGY CORP COM 909205106 247 7,400 SH SHARED 1 7,400 UNISOURCE ENERGY CORP COM 909205106 7,181 214,800 SH SOLE 2 214,800 UNISOURCE ENERGY CORP NOTE 4.500% 3/0 909205AB2 4,506 4,500,000 PRN SHARED 1 4,500,000 UNISOURCE ENERGY CORP NOTE 4.500% 3/0 909205AB2 25,532 25,500,000 PRN SOLE 2 25,500,000 UNUM GROUP COM 91529Y106 4,184 188,900 SH SOLE NONE 188,900 USEC INC COM 90333E108 145 28,000 SH SHARED 1 28,000 USEC INC COM 90333E108 719 138,500 SH SOLE 2 138,500 USEC INC NOTE 3.000%10/0 90333EAC2 8,387 10,600,000 PRN SHARED 1 10,600,000 USEC INC NOTE 3.000%10/0 90333EAC2 50,957 64,400,000 PRN SOLE 2 64,400,000 VIEWPOINT FINL GROUP INC MD COM 92672A101 1,962 212,100 SH SOLE NONE 212,100 WAL MART STORES INC COM 931142103 2,135 39,900 SH SHARED 1 39,900 WAL MART STORES INC COM 931142103 3,168 59,200 SH SOLE 2 59,200 WALGREEN CO COM 931422109 3,132 93,500 SH SHARED 1 93,500 WALGREEN CO COM 931422109 16,867 503,500 SH SOLE 2 503,500 WASHINGTON POST CO CL B 939640108 320 800 SH SOLE NONE 800 WATERSTONE FINANCIAL INC COM 941888109 717 179,700 SH SOLE NONE 179,700 WELLPOINT INC COM 94973V107 1,371 24,200 SH SHARED 1 24,200 WELLPOINT INC COM 94973V107 8,303 146,600 SH SOLE NONE 146,600 WESCO FINL CORP COM 950817106 699 1,951 SH SOLE NONE 1,951 WESTERN UN CO COM 959802109 353 20,000 SH SOLE NONE 20,000 WESTFIELD FINANCIAL INC NEW COM 96008P104 832 106,700 SH SOLE NONE 106,700 WHITE MTNS INS GROUP LTD COM G9618E107 15,423 50,000 SH SOLE NONE 50,000 WHITE RIVER CAPITAL INC COM 96445P105 237 14,330 SH SOLE NONE 14,330 WILLIAMS CLAYTON ENERGY INC COM 969490101 2,514 49,700 SH SHARED 1 49,700 WILLIAMS CLAYTON ENERGY INC COM 969490101 13,750 271,800 SH SOLE 2 271,800 XEROX CORP COM 984121103 3,997 386,200 SH SHARED 1 386,200 XEROX CORP COM 984121103 23,053 2,227,322 SH SOLE 2 2,227,322 XILINX INC COM 983919101 982 36,900 SH SHARED 1 36,900 XILINX INC COM 983919101 4,949 186,000 SH SOLE NONE 186,000 YUM BRANDS INC COM 988498101 493 10,700 SH SHARED 1 10,700 YUM BRANDS INC COM 988498101 4,178 90,700 SH SOLE NONE 90,700
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