-----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, MyM3th1ROgHDAw5w0zJoW4IBt5GQW4em3/EGxSuxTfF3/aN+Pf7Ta4FxBs5BBZ1U z4VAUUWVyjkNhzRhWy/hsw== 0001166588-08-000037.txt : 20081125 0001166588-08-000037.hdr.sgml : 20081125 20081125095316 ACCESSION NUMBER: 0001166588-08-000037 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081125 DATE AS OF CHANGE: 20081125 EFFECTIVENESS DATE: 20081125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNP PARIBAS ARBITRAGE, SA CENTRAL INDEX KEY: 0001166588 IRS NUMBER: 233022591 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-10038 FILM NUMBER: 081212299 BUSINESS ADDRESS: STREET 1: 787 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 610 491 1492 MAIL ADDRESS: STREET 1: 555 CROTON ROAD CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 FORMER COMPANY: FORMER CONFORMED NAME: BNP PARIBAS ARBITRAGE, SNC DATE OF NAME CHANGE: 20080428 FORMER COMPANY: FORMER CONFORMED NAME: BNP PARIBAS ARBITRAGE SA DATE OF NAME CHANGE: 20020205 13F-HR/A 1 bnpparb13famend.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:Sep 30,2008 Check here if Amendment [ 1 ]; Amendment Number: This Amendment (Check only one.): [ X ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: BNP Paribas Arbitrage, SA Address: 555 CROTON RD KING OF PRUSSIA, PA 19406 13F File Number: 028 - 10038 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: Fred Hoevenaar Title: Managing Director, Compliance Phone: (212) 841- 3031 Signature ,Place, and Date of Signing: Fred Hoevenaar New York, NY 2008/11/25 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 managers(s).) List of Other Managers Reporting for this Manager: **NONE** I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total:2,058 Form 13F Information Table Value Total:$77,521,675,131 List of Other Included Managers: No. 13F File Number Name **NONE**
Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page 1 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AGNICO EAGLE MINES LTD COM 008474108 2498 43728 SH SOLE 43728 0 0 AGRIUM INC COM 008916108 2682 50660 SH SOLE 50660 0 0 BCE INC COM 05534B760 129136 4732384 SH SOLE 4732384 0 0 BANK NOVA SCOTIA HALIFAX COM 064149107 1040 23948 SH SOLE 23948 0 0 BARRICK GOLD CORP COM 067901108 10096 265761 SH SOLE 265761 0 0 BAYTEX ENERGY TR TRUST UNIT COM 073176109 3545 152427 SH SOLE 152427 0 0 BROOKFIELD ASSET MGMT INC COM 112585104 11560 307384 SH SOLE 307384 0 0 BROOKFIELD PPTYS CORP COM 112900105 1745 116289 SH SOLE 116289 0 0 CAE INC COM 124765108 6982 871805 SH SOLE 871805 0 0 CAMECO CORP COM 13321L108 3428 166442 SH SOLE 166442 0 0 CDN IMPERIAL BK OF COMMERCE COM 136069101 1035 19180 SH SOLE 19180 0 0 CANADIAN NATL RY CO COM 136375102 6854 147000 SH SOLE 147000 0 0 CANADIAN NAT RES LTD COM 136385101 10313 166984 SH SOLE 166984 0 0 CANADIAN PAC RY LTD COM 13645T100 2474 46694 SH SOLE 46694 0 0 DENISON MINES CORP COM 248356107 123 40656 SH SOLE 40656 0 0 ELDORADO GOLD CORP NEW COM 284902103 1021 158384 SH SOLE 158384 0 0 ENCANA CORP COM 292505104 14114 231030 SH SOLE 231030 0 0 ENERPLUS RES FD UNIT TR G COM 29274D604 7380 173096 SH SOLE 173096 0 0 FAIRFAX FINL HLDGS LTD SUB VTG COM 303901102 2398 8155 SH SOLE 8155 0 0 FORDING CDN COAL TR TR UNIT COM 345425102 6197 83415 SH SOLE 83415 0 0 GERDAU AMERISTEEL CORP COM 37373P105 655 69443 SH SOLE 69443 0 0 GILDAN ACTIVEWEAR INC COM 375916103 738 34038 SH SOLE 34038 0 0 GOLDCORP INC NEW COM 380956409 6914 214079 SH SOLE 214079 0 0 GROUPE CGI INC COM 39945C109 1124 128880 SH SOLE 128880 0 0 HARVEST ENERGY TR TRUST UNIT COM 41752X101 1520 100919 SH SOLE 100919 0 0 IMPERIAL OIL LTD COM 453038408 4194 101943 SH SOLE 101943 0 0 IVANHOE MINES LTD COM 46579N103 609 111975 SH SOLE 111975 0 0 KINROSS GOLD CORP COM NO PAR COM 496902404 3201 199305 SH SOLE 199305 0 0 LUNDIN MINING CORP COM 550372106 271 100363 SH SOLE 100363 0 0 MDS INC COM 55269P302 456 40007 SH SOLE 40007 0 0 MAGNA INTL INC COM 559222401 1291 25050 SH SOLE 25050 0 0 MANULIFE FINL CORP COM 56501R106 15961 469627 SH SOLE 469627 0 0 METHANEX CORP COM 59151K108 817 43550 SH SOLE 43550 0 0 NEXEN INC COM 65334H102 2885 137116 SH SOLE 137116 0 0 NORTEL NETWORKS CORP NEW COM 656568508 295 133319 SH SOLE 133319 0 0 NOVA CHEMICALS CORP COM 66977W109 528 25531 SH SOLE 25531 0 0 PAN AMERICAN SILVER CORP COM 697900108 807 35237 SH SOLE 35237 0 0 PENN WEST ENERGY TR TR UNIT COM 707885109 3252 146917 SH SOLE 146917 0 0 PETRO-CDA COM 71644E102 8481 265904 SH SOLE 265904 0 0 POTASH CORP SASK INC COM 73755L107 13634 106598 SH SOLE 106598 0 0 PRECISION DRILLING TR TR UNIT COM 740215108 1340 59424 SH SOLE 59424 0 0 PROVIDENT ENERGY TR TR UNIT COM 74386K104 971 116636 SH SOLE 116636 0 0 RESEARCH IN MOTION LTD COM 760975102 9522 153989 SH SOLE 153989 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 947 45497 SH SOLE 45497 0 0 ROGERS COMMUNICATIONS INC CL B COM 775109200 4538 143813 SH SOLE 143813 0 0 ROYAL BK CDA MONTREAL QUE COM 780087102 740 16598 SH SOLE 16598 0 0 SHAW COMMUNICATIONS INC CL B C COM 82028K200 2104 108590 SH SOLE 108590 0 0 SILVER WHEATON CORP COM 828336107 856 102620 SH SOLE 102620 0 0 SUNCOR ENERGY INC COM 867229106 13124 339928 SH SOLE 339928 0 0 TALISMAN ENERGY INC COM 87425E103 4118 311066 SH SOLE 311066 0 0 TECK COMINCO LTD CL B COM 878742204 3657 133945 SH SOLE 133945 0 0 THOMSON REUTERS CORP COM 884903105 397 15312 SH SOLE 15312 0 0 TORONTO DOMINION BK ONT COM 891160509 1668 29580 SH SOLE 29580 0 0 TRANSALTA CORP COM 89346D107 1706 66140 SH SOLE 66140 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page2 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TRANSCANADA CORP COM 89353D107 10964 371862 SH SOLE 371862 0 0 YAMANA GOLD INC COM 98462Y100 3122 381622 SH SOLE 381622 0 0 LUCENT TECHNOLOGIES INC DBCV 2 BOND CV 549463AG2 525000 5999999 PRN SOLE 5999999 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 3447 116231 SH SOLE 116231 0 0 ALCOA INC COM 013817101 42793 1895193 SH SOLE 1895193 0 0 ALCOA INC OPTION 013817101 309 9729 SH CALL SOLE 9729 0 0 ALCOA INC OPTION 013817101 10714 9455 SH PUT SOLE 9455 0 0 ADVANCE AUTO PARTS INC COM 00751Y106 256 6447 SH SOLE 6447 0 0 APPLE INC COM 037833100 191631 1686001 SH SOLE 1686001 0 0 APPLE INC OPTION 037833100 12177 13282 SH CALL SOLE 13282 0 0 APPLE INC OPTION 037833100 76948 27616 SH PUT SOLE 27616 0 0 ABB LTD COM 000375204 4447 229237 SH SOLE 229237 0 0 ABINGTON BANCORP INC COM 00350L109 1023 101060 SH SOLE 101060 0 0 AMERISOURCEBERGEN CORP COM 03073E105 2438 64760 SH SOLE 64760 0 0 ARKANSAS BEST CORP DEL COM 040790107 604 17938 SH SOLE 17938 0 0 ABITIBIBOWATER INC OPTION 003687100 9430 11099 SH PUT SOLE 11099 0 0 APPLIED BIOSYSTEMS INC DEL COM 038149100 1007 29409 SH SOLE 29409 0 0 AMBAC FINL GROUP INC COM 023139108 29 12572 SH SOLE 12572 0 0 ABBOTT LABS COM 002824100 44346 770156 SH SOLE 770156 0 0 ABBOTT LABS OPTION 002824100 2657 12434 SH PUT SOLE 12434 0 0 ABBOTT LABS OPTION 002824100 2617 8998 SH CALL SOLE 8998 0 0 AUTOBYTEL INC COM 05275N106 1856 1734610 SH SOLE 1734610 0 0 COMPANHIA DE BEBIDAS DAS AME S COM 20441W203 6403 117243 SH SOLE 117243 0 0 COMPANHIA DE BEBIDAS DAS AME S OPTION 20441W203 272 200 SH PUT SOLE 200 0 0 BARRICK GOLD CORP COM 067901108 62888 1711699 SH SOLE 1711699 0 0 BARRICK GOLD CORP OPTION 067901108 211 1920 SH CALL SOLE 1920 0 0 BARRICK GOLD CORP OPTION 067901108 1190 2200 SH PUT SOLE 2200 0 0 AMERICAN CAP LTD COM 02503Y103 1720 67419 SH SOLE 67419 0 0 AMERICAN CAMPUS CMNTYS INC COM 024835100 303 8930 SH SOLE 8930 0 0 ACE LTD SHS COM H0023R105 1429 26393 SH SOLE 26393 0 0 AMERICREDIT CORP COM 03060R101 453 44731 SH SOLE 44731 0 0 AMERICREDIT CORP OPTION 03060R101 535 535 SH PUT SOLE 535 0 0 ACERGY S A COM 00443E104 162 16091 SH SOLE 16091 0 0 ARCH COAL INC COM 039380100 2035 61865 SH SOLE 61865 0 0 ARCH COAL INC OPTION 039380100 2150 500 SH PUT SOLE 500 0 0 AMERICAN COMMERCIAL LINES COM 025195207 10683 1004066 SH SOLE 1004066 0 0 ACCENTURE LTD BERMUDA COM G1150G111 1531 40295 SH SOLE 40295 0 0 AFFILIATED COMPUTER SERVICES COM 008190100 970 19153 SH SOLE 19153 0 0 ACXIOM CORP COM 005125109 323 25736 SH SOLE 25736 0 0 AUTHENTIDATE HLDG CORP COM 052666104 77 168025 SH SOLE 168025 0 0 ADOBE SYS INC COM 00724F101 15310 387888 SH SOLE 387888 0 0 ADOBE SYS INC OPTION 00724F101 792 4536 SH PUT SOLE 4536 0 0 ADOBE SYS INC OPTION 00724F101 634 3908 SH CALL SOLE 3908 0 0 ANALOG DEVICES INC COM 032654105 1974 74898 SH SOLE 74898 0 0 ANALOG DEVICES INC OPTION 032654105 320 1789 SH PUT SOLE 1789 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 20284 925807 SH SOLE 925807 0 0 ARCHER DANIELS MIDLAND CO OPTION 039483102 5130 7932 SH PUT SOLE 7932 0 0 ARCHER DANIELS MIDLAND CO UNIT COM 039483201 30110 1000000 SH SOLE 1000000 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 6982 163326 SH SOLE 163326 0 0 ADAPTEC INC COM 00651F108 35 10666 SH SOLE 10666 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 461 7275 SH SOLE 7275 0 0 AUTODESK INC COM 052769106 2882 85889 SH SOLE 85889 0 0 ADTRAN INC COM 00738A106 1399 71793 SH SOLE 71793 0 0 ADAMS EXPRESS CO COM 006212104 4018 372894 SH SOLE 372894 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page3 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMEREN CORP COM 023608102 4165 106724 SH SOLE 106724 0 0 AEGON N V NY REGISTRY SH COM 007924103 866 98594 SH SOLE 98594 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 800 52468 SH SOLE 52468 0 0 AMERICAN ELEC PWR INC COM 025537101 3500 94516 SH SOLE 94516 0 0 AES CORP COM 00130H105 2138 182873 SH SOLE 182873 0 0 AETNA INC NEW COM 00817Y108 6383 176777 SH SOLE 176777 0 0 ASTORIA FINL CORP COM 046265104 771 37207 SH SOLE 37207 0 0 AFFYMETRIX INC COM 00826T108 99 12761 SH SOLE 12761 0 0 AMERICAN FINL GROUP INC OHIO COM 025932104 1502 50910 SH SOLE 50910 0 0 AFLAC INC COM 001055102 10109 172064 SH SOLE 172064 0 0 AFLAC INC OPTION 001055102 533 2801 SH PUT SOLE 2801 0 0 AGCO CORP COM 001084102 1095 25709 SH SOLE 25709 0 0 ISHARES TR LEHMAN AGG BND COM 464287226 11421 115843 SH SOLE 115843 0 0 ATHEROGENICS INC OPTION 047439104 78 15596 SH CALL SOLE 15596 0 0 ALLERGAN INC COM 018490102 6711 130304 SH SOLE 130304 0 0 AMERIGROUP CORP COM 03073T102 623 24694 SH SOLE 24694 0 0 AGRIUM INC COM 008916108 12417 221409 SH SOLE 221409 0 0 ASHFORD HOSPITALITY TR INC COM COM 044103109 78 19307 SH SOLE 19307 0 0 AMERICAN INTL GROUP INC COM 026874107 22305 6698261 SH SOLE 6698261 0 0 AMERICAN INTL GROUP INC OPTION 026874107 950 94825 SH CALL SOLE 94825 0 0 AMERICAN INTL GROUP INC OPTION 026874107 179850 81992 SH PUT SOLE 81992 0 0 APOLLO INVT CORP COM 03761U106 277 16221 SH SOLE 16221 0 0 APPLIED INDL TECHNOLOGIES IN COM 03820C105 555 20600 SH SOLE 20600 0 0 APARTMENT INVT & MGMT CO COM 03748R101 861 24577 SH SOLE 24577 0 0 ASSURANT INC COM 04621X108 4477 81408 SH SOLE 81408 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 1131 64858 SH SOLE 64858 0 0 ACADIA RLTY TR COM SH BEN INT COM 004239109 215 8501 SH SOLE 8501 0 0 AK STL HLDG CORP COM 001547108 572 22067 SH SOLE 22067 0 0 AK STL HLDG CORP OPTION 001547108 207 4414 SH CALL SOLE 4414 0 0 ALLIED CAP CORP NEW COM 01903Q108 2062 190913 SH SOLE 190913 0 0 ALKERMES INC COM 01642T108 155 11657 SH SOLE 11657 0 0 ALLSTATE CORP COM 020002101 13372 289934 SH SOLE 289934 0 0 ALPHARMA INC COM 020813101 225 6092 SH SOLE 6092 0 0 ALPHARMA INC BOND CV 020813AH4 977812 7500000 PRN SOLE 7500000 0 0 ALTERA CORP COM 021441100 7368 356278 SH SOLE 356278 0 0 ALTERA CORP OPTION 021441100 539 3297 SH PUT SOLE 3297 0 0 ALCATEL-LUCENT COM 013904305 2659 692451 SH SOLE 692451 0 0 AUTOLIV INC COM 052800109 6919 204993 SH SOLE 204993 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 343 8725 SH SOLE 8725 0 0 ALEXION PHARMACEUTICALS INC OPTION 015351109 2360 1000 SH CALL SOLE 1000 0 0 APPLIED MATLS INC COM 038222105 27583 1823094 SH SOLE 1823094 0 0 APPLIED MATLS INC OPTION 038222105 5157 17311 SH PUT SOLE 17311 0 0 AMB PROPERTY CORP COM 00163T109 566 12500 SH SOLE 12500 0 0 ADVANCED MICRO DEVICES INC COM 007903107 2524 480738 SH SOLE 480738 0 0 ADVANCED MICRO DEVICES INC OPTION 007903107 576 18445 SH CALL SOLE 18445 0 0 ADVANCED MICRO DEVICES INC OPTION 007903107 17371 40053 SH PUT SOLE 40053 0 0 AMGEN INC COM 031162100 35104 592266 SH SOLE 592266 0 0 AMGEN INC OPTION 031162100 1829 8010 SH PUT SOLE 8010 0 0 AMGEN INC OPTION 031162100 2754 8386 SH CALL SOLE 8386 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 410 20285 SH SOLE 20285 0 0 AMERICAN MED SYS HLDGS INC COM 02744M108 189 10657 SH SOLE 10657 0 0 AMERICAN MED SYS HLDGS INC BOND CV 02744MAA6 304662 2999999 PRN SOLE 2999999 0 0 AMERIPRISE FINL INC COM 03076C106 1311 34318 SH SOLE 34318 0 0 AMR CORP COM 001765106 254 25876 SH SOLE 25876 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page4 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMR CORP OPTION 001765106 1830 4555 SH PUT SOLE 4555 0 0 AMERICAN TOWER CORP COM 029912201 4038 112269 SH SOLE 112269 0 0 TD AMERITRADE HLDG CORP COM 87236Y108 247 14824 SH SOLE 14824 0 0 AMERICAN WOODMARK CORP COM 030506109 420 18729 SH SOLE 18729 0 0 AMERICA MOVIL SAB DE CV SPON COM 02364W105 23055 497300 SH SOLE 497300 0 0 AMERICA MOVIL SAB DE CV SPON OPTION 02364W105 5689 3606 SH PUT SOLE 3606 0 0 AMAZON COM INC COM 023135106 74307 1021264 SH SOLE 1021264 0 0 AMAZON COM INC OPTION 023135106 18244 23634 SH PUT SOLE 23634 0 0 AMAZON COM INC OPTION 023135106 11315 14197 SH CALL SOLE 14197 0 0 AUTONATION INC COM 05329W102 185 16497 SH SOLE 16497 0 0 ABERCROMBIE & FITCH CO COM 002896207 11286 286080 SH SOLE 286080 0 0 ABERCROMBIE & FITCH CO OPTION 002896207 4939 2778 SH PUT SOLE 2778 0 0 AMERICAN LD LEASE INC COM 027118108 1108 56999 SH SOLE 56999 0 0 ANNTAYLOR STORES CORP COM 036115103 962 46603 SH SOLE 46603 0 0 ANSYS INC COM 03662Q105 241 6359 SH SOLE 6359 0 0 AON CORP COM 037389103 2769 61583 SH SOLE 61583 0 0 SMITH A O COM 831865209 595 15175 SH SOLE 15175 0 0 APACHE CORP COM 037411105 40275 386219 SH SOLE 386219 0 0 APACHE CORP OPTION 037411105 2414 2345 SH CALL SOLE 2345 0 0 APACHE CORP OPTION 037411105 8344 4555 SH PUT SOLE 4555 0 0 ANADARKO PETE CORP COM 032511107 31128 641681 SH SOLE 641681 0 0 ANADARKO PETE CORP OPTION 032511107 1618 8230 SH CALL SOLE 8230 0 0 ANADARKO PETE CORP OPTION 032511107 6264 7249 SH PUT SOLE 7249 0 0 AIR PRODS & CHEMS INC COM 009158106 3434 50138 SH SOLE 50138 0 0 AMPHENOL CORP NEW COM 032095101 2153 53633 SH SOLE 53633 0 0 APOLLO GROUP INC COM 037604105 3745 63159 SH SOLE 63159 0 0 APOLLO GROUP INC OPTION 037604105 356 610 SH PUT SOLE 610 0 0 ARACRUZ CELULOSE S A SPON COM 038496204 460 12532 SH SOLE 12532 0 0 ARES CAP CORP COM 04010L103 133 12727 SH SOLE 12727 0 0 ARENA RESOURCES INC COM 040049108 390 10031 SH SOLE 10031 0 0 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 231 2056 SH SOLE 2056 0 0 AMERICAN INTL GROUP INC UNIT 9 COM 026874115 6549 762399 SH SOLE 762399 0 0 AEROPOSTALE COM 007865108 1905 59335 SH SOLE 59335 0 0 ARRIS GROUP INC COM 04269Q100 133 17180 SH SOLE 17180 0 0 ARROW ELECTRS INC COM 042735100 534 20373 SH SOLE 20373 0 0 ASSOCIATED BANC CORP COM 045487105 255 12793 SH SOLE 12793 0 0 LIBERTY ALL-STAR GROWTH FD I COM 529900102 1294 373013 SH SOLE 373013 0 0 ASHLAND INC NEW COM 044209104 6976 238579 SH SOLE 238579 0 0 ASHLAND INC NEW OPTION 044209104 3119 2855 SH PUT SOLE 2855 0 0 ASM INTL N V COM N07045102 695 37172 SH SOLE 37172 0 0 ASML HOLDING N V NY REG SHS COM N07059186 4979 282739 SH SOLE 282739 0 0 GRUPO AEROPORTUARIO DEL SURE S COM 40051E202 735 14797 SH SOLE 14797 0 0 AGL RES INC COM 001204106 262 8365 SH SOLE 8365 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 1292 43708 SH SOLE 43708 0 0 ALLEGHENY TECHNOLOGIES INC OPTION 01741R102 614 174 SH PUT SOLE 174 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 459 4891 SH SOLE 4891 0 0 ATLAS ENERGY RESOURCES LLC COM 049303100 4340 168203 SH SOLE 168203 0 0 ATMOS ENERGY CORP COM 049560105 228 8580 SH SOLE 8580 0 0 ACTIVISION BLIZZARD INC COM 00507V109 2636 170826 SH SOLE 170826 0 0 ANGLOGOLD ASHANTI LTD COM 035128206 1904 82425 SH SOLE 82425 0 0 AVALONBAY CMNTYS INC COM 053484101 1797 18262 SH SOLE 18262 0 0 AVOCENT CORP COM 053893103 574 28032 SH SOLE 28032 0 0 AVIGEN INC COM 053690103 4102 1025599 SH SOLE 1025599 0 0 AVID TECHNOLOGY INC COM 05367P100 552 22945 SH SOLE 22945 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page5 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AVON PRODS INC COM 054303102 6201 149160 SH SOLE 149160 0 0 AVON PRODS INC OPTION 054303102 265 633 SH CALL SOLE 633 0 0 AVNET INC COM 053807103 661 26847 SH SOLE 26847 0 0 AVERY DENNISON CORP COM 053611109 600 13485 SH SOLE 13485 0 0 ALLIED WASTE INDS INC COM PAR$ COM 019589308 1091 98180 SH SOLE 98180 0 0 ALLIED WASTE INDS INC COM PAR$ OPTION 019589308 1518 10038 SH PUT SOLE 10038 0 0 AXA COM 054536107 1768 54127 SH SOLE 54127 0 0 ANIXTER INTL INC COM 035290105 254 4268 SH SOLE 4268 0 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 1627 303543 SH SOLE 303543 0 0 AMERICAN AXLE & MFG HLDGS IN OPTION 024061103 7781 6024 SH PUT SOLE 6024 0 0 AMERICAN EXPRESS CO COM 025816109 57102 1611677 SH SOLE 1611677 0 0 AMERICAN EXPRESS CO OPTION 025816109 3976 19462 SH CALL SOLE 19462 0 0 AMERICAN EXPRESS CO OPTION 025816109 28475 28771 SH PUT SOLE 28771 0 0 AXIS CAPITAL HOLDINGS SHS COM G0692U109 279 8793 SH SOLE 8793 0 0 ALLEGHENY ENERGY INC COM 017361106 1533 41678 SH SOLE 41678 0 0 ALLIANZ SE SP COM 018805101 3751 273615 SH SOLE 273615 0 0 ASTRAZENECA PLC COM 046353108 1031 23500 SH SOLE 23500 0 0 AUTOZONE INC COM 053332102 2582 20934 SH SOLE 20934 0 0 AUTOZONE INC OPTION 053332102 228 214 SH PUT SOLE 214 0 0 BOEING CO COM 097023105 69367 1209542 SH SOLE 1209542 0 0 BOEING CO OPTION 097023105 909 8176 SH CALL SOLE 8176 0 0 BOEING CO OPTION 097023105 17494 16557 SH PUT SOLE 16557 0 0 BANK OF AMERICA CORPORATION COM 060505104 127335 3638130 SH SOLE 3638130 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 82041 157809 SH CALL SOLE 157809 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 456 250 SH PUT SOLE 250 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 51868 113229 SH PUT SOLE 113229 0 0 CREDICORP LTD COM G2519Y108 41682 669595 SH SOLE 669595 0 0 BAXTER INTL INC COM 071813109 51675 787371 SH SOLE 787371 0 0 BED BATH & BEYOND INC COM 075896100 6616 210628 SH SOLE 210628 0 0 BED BATH & BEYOND INC OPTION 075896100 367 1337 SH CALL SOLE 1337 0 0 BED BATH & BEYOND INC OPTION 075896100 318 1190 SH PUT SOLE 1190 0 0 BANCO BRADESCO S A SP COM 059460303 42451 2636680 SH SOLE 2636680 0 0 BANCO BRADESCO S A SP OPTION 059460303 240 1000 SH PUT SOLE 1000 0 0 BIOTECH HOLDRS TR DEPOSTRY RCP COM 09067D201 12342 67500 SH SOLE 67500 0 0 BIOTECH HOLDRS TR DEPOSTRY RCP OPTION 09067D201 860 1020 SH PUT SOLE 1020 0 0 BB&T CORP COM 054937107 17329 458444 SH SOLE 458444 0 0 BB&T CORP OPTION 054937107 1359 1811 SH CALL SOLE 1811 0 0 BANCO BILBAO VIZCAYA ARGENTA COM 05946K101 1257 77729 SH SOLE 77729 0 0 BEST BUY INC COM 086516101 35497 946597 SH SOLE 946597 0 0 BEST BUY INC OPTION 086516101 1219 10619 SH CALL SOLE 10619 0 0 BEST BUY INC OPTION 086516101 6380 7455 SH PUT SOLE 7455 0 0 BRINKS CO COM 109696104 10408 170569 SH SOLE 170569 0 0 BARD C R INC COM 067383109 3138 33072 SH SOLE 33072 0 0 BLUE COAT SYSTEMS INC COM 09534T508 156 11011 SH SOLE 11011 0 0 BLACKROCK ENHANCED DIV ACHV COM 09251A104 314 36178 SH SOLE 36178 0 0 BLACK & DECKER CORP COM 091797100 903 14864 SH SOLE 14864 0 0 BLACKROCK STRAT DIVD ACHIEVE COM 09249Y107 855 84278 SH SOLE 84278 0 0 BECTON DICKINSON & CO COM 075887109 13880 172939 SH SOLE 172939 0 0 BEBE STORES INC COM 075571109 436 44614 SH SOLE 44614 0 0 BECKMAN COULTER INC COM 075811109 272 3832 SH SOLE 3832 0 0 FRANKLIN RES INC COM 354613101 3328 37767 SH SOLE 37767 0 0 ENHANCED S&P500 CV CALL FD I COM 29332W107 313 25000 SH SOLE 25000 0 0 BROWN FORMAN CORP CL B COM 115637209 1168 16262 SH SOLE 16262 0 0 BLACKROCK GBL EQTY INCOME TR COM 09255D104 212 20023 SH SOLE 20023 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page6 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BUNGE LIMITED COM G16962105 7824 123833 SH SOLE 123833 0 0 BUNGE LIMITED OPTION G16962105 2194 475 SH PUT SOLE 475 0 0 BORDERS GROUP INC COM 099709107 2843 433356 SH SOLE 433356 0 0 BLACKROCK GLBL ENRGY & RES T COM 09250U101 1766 75000 SH SOLE 75000 0 0 BLACKROCK GLOBAL FLG INC TR COM 091941104 2421 216420 SH SOLE 216420 0 0 BENCHMARK ELECTRS INC COM 08160H101 545 38726 SH SOLE 38726 0 0 BAKER HUGHES INC COM 057224107 29076 480280 SH SOLE 480280 0 0 BAKER HUGHES INC OPTION 057224107 10351 7863 SH PUT SOLE 7863 0 0 BHP BILLITON LTD COM 088606108 1382 26585 SH SOLE 26585 0 0 BHP BILLITON LTD OPTION 088606108 733 450 SH PUT SOLE 450 0 0 BAIDU COM INC SPON COM 056752108 235951 950533 SH SOLE 950533 0 0 BAIDU COM INC SPON OPTION 056752108 3742 556 SH PUT SOLE 556 0 0 BOULDER GROWTH & INCOME FD I COM 101507101 82 13686 SH SOLE 13686 0 0 BIG LOTS INC COM 089302103 2725 97924 SH SOLE 97924 0 0 BIOGEN IDEC INC COM 09062X103 33740 670904 SH SOLE 670904 0 0 BIOGEN IDEC INC OPTION 09062X103 863 3545 SH CALL SOLE 3545 0 0 BIOGEN IDEC INC OPTION 09062X103 3788 3350 SH PUT SOLE 3350 0 0 BIO RAD LABS INC COM 090572207 214 2156 SH SOLE 2156 0 0 BJ SVCS CO COM 055482103 4072 212871 SH SOLE 212871 0 0 BJ SVCS CO OPTION 055482103 621 940 SH PUT SOLE 940 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 61667 1892777 SH SOLE 1892777 0 0 BANK OF NEW YORK MELLON CORP OPTION 064058100 531 983 SH PUT SOLE 983 0 0 BELO CORP COM SER A COM 080555105 1281 214871 SH SOLE 214871 0 0 BALL CORP COM 058498106 9384 237622 SH SOLE 237622 0 0 BLUE CHIP VALUE FD INC COM 095333100 364 105162 SH SOLE 105162 0 0 IMMUCOR INC COM 452526106 329 10303 SH SOLE 10303 0 0 BMC SOFTWARE INC COM 055921100 2200 76826 SH SOLE 76826 0 0 BADGER METER INC COM 056525108 260 5539 SH SOLE 5539 0 0 BEMIS INC COM 081437105 363 13837 SH SOLE 13837 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 74187 3558106 SH SOLE 3558106 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 530 33925 SH CALL SOLE 33925 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 10579 17528 SH PUT SOLE 17528 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 7293 78900 SH SOLE 78900 0 0 BURLINGTON NORTHN SANTA FE C OPTION 12189T104 339 1283 SH PUT SOLE 1283 0 0 BURLINGTON NORTHN SANTA FE C OPTION 12189T104 609 1222 SH CALL SOLE 1222 0 0 BANK HAWAII CORP COM 062540109 6708 125500 SH SOLE 125500 0 0 BP PLC COM 055622104 654 13043 SH SOLE 13043 0 0 BOSTON PRIVATE FINL HLDGS IN BOND CV 101119AB1 550208 6005000 PRN SOLE 6005000 0 0 BOSTON PRIVATE FINL HLDGS IN BOND CV 101119AC9 274875 2999999 PRN SOLE 2999999 0 0 BRADY CORP COM 104674106 690 19566 SH SOLE 19566 0 0 BROCADE COMMUNICATIONS SYS I COM 111621306 472 81140 SH SOLE 81140 0 0 BROADCOM CORP COM 111320107 6539 351011 SH SOLE 351011 0 0 BROADCOM CORP OPTION 111320107 1816 2556 SH PUT SOLE 2556 0 0 BRE PROPERTIES INC COM 05564E106 2105 42951 SH SOLE 42951 0 0 BERKSHIRE HATHAWAY INC DEL COM 084670108 2351 18 SH SOLE 18 0 0 BERKSHIRE HATHAWAY INC DEL CL BCOM 084670207 7168 1631 SH SOLE 1631 0 0 BARR PHARMACEUTICALS INC COM 068306109 2634 40336 SH SOLE 40336 0 0 BRASIL TELECOM PARTICIPACOES S COM 105530109 929 19010 SH SOLE 19010 0 0 BRISTOW GROUP INC PFD CNV 5.50%COM 110394400 2160 50000 SH SOLE 50000 0 0 BOSTON SCIENTIFIC CORP COM 101137107 5861 477647 SH SOLE 477647 0 0 BOSTON SCIENTIFIC CORP OPTION 101137107 306 7864 SH CALL SOLE 7864 0 0 BOSTON SCIENTIFIC CORP OPTION 101137107 348 1666 SH PUT SOLE 1666 0 0 PEABODY ENERGY CORP COM 704549104 6044 134310 SH SOLE 134310 0 0 BUCYRUS INTL INC NEW COM 118759109 267 5982 SH SOLE 5982 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page7 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ANHEUSER BUSCH COS INC COM 035229103 601193 9266236 SH SOLE 9266236 0 0 ANHEUSER BUSCH COS INC OPTION 035229103 366 2750 SH PUT SOLE 2750 0 0 COMPANIA DE MINAS BUENAVENTU COM 204448104 348 14815 SH SOLE 14815 0 0 BORGWARNER INC COM 099724106 256 7811 SH SOLE 7811 0 0 BROWN SHOE INC NEW COM 115736100 781 47655 SH SOLE 47655 0 0 BLACKSTONE GROUP L P COM UNIT COM 09253U108 1010 65855 SH SOLE 65855 0 0 BOSTON PROPERTIES INC COM 101121101 18508 197608 SH SOLE 197608 0 0 BOYD GAMING CORP COM 103304101 105 11232 SH SOLE 11232 0 0 BALLY TECHNOLOGIES INC COM 05874B107 406 13392 SH SOLE 13392 0 0 BEAZER HOMES USA INC COM 07556Q105 1354 226345 SH SOLE 226345 0 0 BEAZER HOMES USA INC OPTION 07556Q105 10096 4850 SH PUT SOLE 4850 0 0 CITIGROUP INC COM 172967101 530879 25883889 SH SOLE 25883889 0 0 CITIGROUP INC OPTION 172967101 52333 159883 SH CALL SOLE 159883 0 0 CITIGROUP INC OPTION 172967101 94151 286381 SH PUT SOLE 286381 0 0 CA INC COM 12673P105 5331 267099 SH SOLE 267099 0 0 CA INC OPTION 12673P105 3534 8881 SH PUT SOLE 8881 0 0 CACHE INC COM 127150308 204 29701 SH SOLE 29701 0 0 CONAGRA FOODS INC COM 205887102 3883 199529 SH SOLE 199529 0 0 CONAGRA FOODS INC OPTION 205887102 214 3200 SH PUT SOLE 3200 0 0 CARDINAL HEALTH INC COM 14149Y108 9822 199309 SH SOLE 199309 0 0 CACI INTL INC COM 127190304 213 4242 SH SOLE 4242 0 0 CONTINENTAL AIRLS INC CL B COM 210795308 886 53102 SH SOLE 53102 0 0 CONTINENTAL AIRLS INC CL B OPTION 210795308 4749 9850 SH CALL SOLE 9850 0 0 CONTINENTAL AIRLS INC CL B OPTION 210795308 11104 8400 SH PUT SOLE 8400 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 5645 146484 SH SOLE 146484 0 0 CAMERON INTERNATIONAL CORP OPTION 13342B105 1071 1088 SH PUT SOLE 1088 0 0 CASEYS GEN STORES INC COM 147528103 249 8257 SH SOLE 8257 0 0 CATERPILLAR INC DEL COM 149123101 27253 457262 SH SOLE 457262 0 0 CATERPILLAR INC DEL OPTION 149123101 904 7018 SH CALL SOLE 7018 0 0 CATERPILLAR INC DEL OPTION 149123101 8553 9239 SH PUT SOLE 9239 0 0 CAVIUM NETWORKS INC COM 14965A101 276 19573 SH SOLE 19573 0 0 CHUBB CORP COM 171232101 66999 1220384 SH SOLE 1220384 0 0 CINCINNATI BELL INC NEW COM 171871106 59 19154 SH SOLE 19154 0 0 COOPER INDS LTD COM G24182100 3143 78682 SH SOLE 78682 0 0 CB RICHARD ELLIS GROUP INC COM 12497T101 446 33367 SH SOLE 33367 0 0 CHRISTOPHER & BANKS CORP COM 171046105 426 55503 SH SOLE 55503 0 0 CBS CORP NEW CL B COM 124857202 5751 394442 SH SOLE 394442 0 0 CBS CORP NEW CL B OPTION 124857202 1799 1855 SH PUT SOLE 1855 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 2458 110549 SH SOLE 110549 0 0 CADBURY PLC SPONS COM 12721E102 221 5406 SH SOLE 5406 0 0 CIRCUIT CITY STORE INC COM 172737108 21 27498 SH SOLE 27498 0 0 CALGON CARBON CORP COM 129603106 289 14209 SH SOLE 14209 0 0 COCA COLA ENTERPRISES INC COM 191219104 1178 70243 SH SOLE 70243 0 0 CROWN CASTLE INTL CORP COM 228227104 616 21248 SH SOLE 21248 0 0 CAMECO CORP COM 13321L108 7817 350365 SH SOLE 350365 0 0 CARNIVAL CORP PAIRED CTF COM 143658300 5849 165458 SH SOLE 165458 0 0 CARNIVAL CORP PAIRED CTF OPTION 143658300 201 745 SH CALL SOLE 745 0 0 CITADEL BROADCASTING CORP COM 17285T106 42 53629 SH SOLE 53629 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 967 143072 SH SOLE 143072 0 0 CADENCE DESIGN SYSTEM INC BOND CV 127387AD0 836625 11500000 PRN SOLE 11500000 0 0 CEDAR SHOPPING CTRS INC COM 150602209 481 36393 SH SOLE 36393 0 0 CELANESE CORP DEL COM SER A COM 150870103 225 8049 SH SOLE 8049 0 0 CELANESE CORP DEL PFD 4.25% CO COM 150870202 13228 357118 SH SOLE 357118 0 0 CENTRAL FD CDA LTD COM 153501101 3286 303430 SH SOLE 303430 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page8 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CONSTELLATION ENERGY GROUP I COM 210371100 12495 514178 SH SOLE 514178 0 0 CELL GENESYS INC BOND CV 150921AB0 254593 6345000 PRN SOLE 6345000 0 0 CELGENE CORP COM 151020104 15164 239626 SH SOLE 239626 0 0 CELGENE CORP OPTION 151020104 1204 3484 SH CALL SOLE 3484 0 0 CEPHALON INC COM 156708109 923 11908 SH SOLE 11908 0 0 CENTRAL EUROPEAN MEDIA ENTRP COM G20045202 25450 389147 SH SOLE 389147 0 0 CF INDS HLDGS INC COM 125269100 1917 20965 SH SOLE 20965 0 0 CAPITOL FED FINL COM 14057C106 482 10869 SH SOLE 10869 0 0 COUGAR BIOTECHNOLOGY INC COM 222083107 656 19643 SH SOLE 19643 0 0 CHEMED CORP NEW BOND CV 16359RAC7 190938 2500000 PRN SOLE 2500000 0 0 CHESAPEAKE ENERGY CORP COM 165167107 12293 342805 SH SOLE 342805 0 0 CHESAPEAKE ENERGY CORP OPTION 165167107 1381 4325 SH CALL SOLE 4325 0 0 CHESAPEAKE ENERGY CORP OPTION 165167107 7584 11143 SH PUT SOLE 11143 0 0 CHESAPEAKE ENERGY CORP BOND CV 165167BZ9 9610312 100500000 PRN SOLE 100500000 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 2456 108002 SH SOLE 108002 0 0 CHINA MOBILE LIMITED COM 16941M109 12674 253077 SH SOLE 253077 0 0 CHINA MOBILE LIMITED OPTION 16941M109 3833 1299 SH PUT SOLE 1299 0 0 CHARMING SHOPPES INC COM 161133103 64 13144 SH SOLE 13144 0 0 C H ROBINSON WORLDWIDE INC COM 12541W209 1950 38272 SH SOLE 38272 0 0 CHICOS FAS INC COM 168615102 511 93435 SH SOLE 93435 0 0 CHUNGHWA TELECOM CO LTD SPON COM 17133Q304 921 38896 SH SOLE 38896 0 0 CHELSEA THERAPEUTICS INTL LT COM 163428105 883 271800 SH SOLE 271800 0 0 CHATTEM INC COM 162456107 206 2631 SH SOLE 2631 0 0 CIGNA CORP COM 125509109 3830 112714 SH SOLE 112714 0 0 BANCOLOMBIA S A SPON COM 05968L102 406 14280 SH SOLE 14280 0 0 CIENA CORP COM 171779309 690 68459 SH SOLE 68459 0 0 CIENA CORP OPTION 171779309 299 437 SH PUT SOLE 437 0 0 CIENA CORP BOND CV 171779AB7 357000 5999999 PRN SOLE 5999999 0 0 COMPANHIA ENERGETICA DE MINA SPCOM 204409601 610 30908 SH SOLE 30908 0 0 CHIMERA INVT CORP COM 16934Q109 11651 1876189 SH SOLE 1876189 0 0 CINCINNATI FINL CORP COM 172062101 799 28093 SH SOLE 28093 0 0 CIRCOR INTL INC COM 17273K109 468 10781 SH SOLE 10781 0 0 CIT GROUP INC COM 125581108 384 55161 SH SOLE 55161 0 0 CIT GROUP INC OPTION 125581108 310 500 SH PUT SOLE 500 0 0 CIT GROUP INC UNIT 99/99/9999 COM 125581405 7598 868300 SH SOLE 868300 0 0 COMSYS IT PARTNERS INC COM 20581E104 8014 824448 SH SOLE 824448 0 0 VALE CAP LTD NT RIO CV VALE COM 91912C208 36906 972483 SH SOLE 972483 0 0 VALE CAP LTD NT RIO P VALE COM 91912C307 11542 300000 SH SOLE 300000 0 0 COLGATE PALMOLIVE CO COM 194162103 64788 859822 SH SOLE 859822 0 0 COLGATE PALMOLIVE CO OPTION 194162103 615 1785 SH PUT SOLE 1785 0 0 COLGATE PALMOLIVE CO OPTION 194162103 1213 2475 SH CALL SOLE 2475 0 0 CORE LABORATORIES N V COM N22717107 253 2500 SH SOLE 2500 0 0 CLARCOR INC COM 179895107 339 8932 SH SOLE 8932 0 0 CLEVELAND CLIFFS INC COM 185896107 49642 937704 SH SOLE 937704 0 0 CORNERSTONE STRATEGIC VALUE COM 21924B104 36 13200 SH SOLE 13200 0 0 CELESTICA INC SUB VTG SHS OPTION 15101Q108 2279 6512 SH PUT SOLE 6512 0 0 CLEARWIRE CORP COM 185385309 9033 760316 SH SOLE 760316 0 0 CLOROX CO DEL COM 189054109 1721 27457 SH SOLE 27457 0 0 COMERICA INC COM 200340107 963 29376 SH SOLE 29376 0 0 COMCAST CORP NEW COM 20030N101 64729 3297437 SH SOLE 3297437 0 0 COMCAST CORP NEW OPTION 20030N101 510 16074 SH CALL SOLE 16074 0 0 COMCAST CORP NEW OPTION 20030N101 11056 35677 SH PUT SOLE 35677 0 0 COMCAST CORP NEW COM 20030N200 1051 53299 SH SOLE 53299 0 0 CME GROUP INC COM 12572Q105 5841 15721 SH SOLE 15721 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page9 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CME GROUP INC OPTION 12572Q105 2618 619 SH CALL SOLE 619 0 0 CME GROUP INC OPTION 12572Q105 7073 1129 SH PUT SOLE 1129 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 941 16949 SH SOLE 16949 0 0 CUMMINS INC COM 231021106 4019 91920 SH SOLE 91920 0 0 CUMMINS INC OPTION 231021106 993 463 SH PUT SOLE 463 0 0 CMS ENERGY CORP COM 125896100 503 40315 SH SOLE 40315 0 0 CENTENE CORP DEL COM 15135B101 510 24850 SH SOLE 24850 0 0 CLECO CORP NEW COM 12561W105 279 11067 SH SOLE 11067 0 0 CENTERPOINT ENERGY INC COM 15189T107 849 58249 SH SOLE 58249 0 0 CANADIAN NAT RES LTD COM 136385101 57438 839000 SH SOLE 839000 0 0 CONCUR TECHNOLOGIES INC COM 206708109 333 8696 SH SOLE 8696 0 0 CON-WAY INC COM 205944101 9276 210299 SH SOLE 210299 0 0 CONSOL ENERGY INC COM 20854P109 4723 102912 SH SOLE 102912 0 0 CONSOL ENERGY INC OPTION 20854P109 898 166 SH PUT SOLE 166 0 0 CAPITAL ONE FINL CORP COM 14040H105 4190 82163 SH SOLE 82163 0 0 CAPITAL ONE FINL CORP OPTION 14040H105 228 350 SH CALL SOLE 350 0 0 CAPITAL ONE FINL CORP OPTION 14040H105 1230 2183 SH CALL SOLE 2183 0 0 CABOT OIL & GAS CORP COM 127097103 647 17905 SH SOLE 17905 0 0 COACH INC COM 189754104 13339 532704 SH SOLE 532704 0 0 COACH INC OPTION 189754104 2099 7347 SH PUT SOLE 7347 0 0 ROCKWELL COLLINS INC COM 774341101 1266 26328 SH SOLE 26328 0 0 CONOCOPHILLIPS COM 20825C104 94996 1296876 SH SOLE 1296876 0 0 CONOCOPHILLIPS OPTION 20825C104 10442 27288 SH CALL SOLE 27288 0 0 CONOCOPHILLIPS OPTION 20825C104 22191 27726 SH PUT SOLE 27726 0 0 COSTCO WHSL CORP NEW COM 22160K105 8987 138409 SH SOLE 138409 0 0 COSTCO WHSL CORP NEW OPTION 22160K105 1324 3744 SH CALL SOLE 3744 0 0 COSTCO WHSL CORP NEW OPTION 22160K105 1177 6023 SH PUT SOLE 6023 0 0 COVIDIEN LTD COM G2552X108 12616 234674 SH SOLE 234674 0 0 CAMPBELL SOUP CO COM 134429109 1543 39977 SH SOLE 39977 0 0 CIT GROUP INC 8.75%PFD SER C COM 125581603 2964 89999 SH SOLE 89999 0 0 CPFL ENERGIA S A COM 126153105 446 7982 SH SOLE 7982 0 0 CAPELLA EDUCATION COMPANY COM 139594105 307 7168 SH SOLE 7168 0 0 COPANO ENERGY L L C COM UNITS COM 217202100 1342 54858 SH SOLE 54858 0 0 CAMDEN PPTY TR SH BEN INT COM 133131102 325 7090 SH SOLE 7090 0 0 COMPUWARE CORP COM 205638109 1069 110333 SH SOLE 110333 0 0 COMPLETE PRODUCTION SERVICES COM 20453E109 687 34150 SH SOLE 34150 0 0 CRANE CO COM 224399105 487 16382 SH SOLE 16382 0 0 CELERA CORP COM 15100E106 588 38033 SH SOLE 38033 0 0 CERADYNE INC COM 156710105 626 17087 SH SOLE 17087 0 0 CURAGEN CORP BOND CV 23126RAE1 414347 4825000 PRN SOLE 4825000 0 0 COMSTOCK RES INC COM 205768203 351 7018 SH SOLE 7018 0 0 CHARLES RIV LABS INTL INC COM 159864107 1422 25600 SH SOLE 25600 0 0 SALESFORCE COM INC COM 79466L302 2609 53911 SH SOLE 53911 0 0 CARDIOME PHARMA CORP COM 14159U202 760 100000 SH SOLE 100000 0 0 CROCS INC COM 227046109 37 10254 SH SOLE 10254 0 0 CARRIZO OIL & CO INC COM 144577103 270 7448 SH SOLE 7448 0 0 CARRIZO OIL & CO INC BOND CV 144577AA1 512031 7250000 PRN SOLE 7250000 0 0 COGDELL SPENCER INC COM 19238U107 7533 469638 SH SOLE 469638 0 0 COMPUTER SCIENCES CORP COM 205363104 3696 91974 SH SOLE 91974 0 0 CISCO SYS INC COM 17275R102 97423 4318401 SH SOLE 4318401 0 0 CISCO SYS INC OPTION 17275R102 6246 75764 SH CALL SOLE 75764 0 0 CISCO SYS INC OPTION 17275R102 25855 83416 SH PUT SOLE 83416 0 0 CAPITALSOURCE INC COM 14055X102 26149 2125920 SH SOLE 2125920 0 0 COINSTAR INC COM 19259P300 474 14797 SH SOLE 14797 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page10 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CSX CORP COM 126408103 7419 135956 SH SOLE 135956 0 0 CSX CORP OPTION 126408103 222 1017 SH PUT SOLE 1017 0 0 CSX CORP OPTION 126408103 325 912 SH CALL SOLE 912 0 0 CINTAS CORP COM 172908105 1358 47314 SH SOLE 47314 0 0 COOPER TIRE & RUBR CO OPTION 216831107 617 2517 SH PUT SOLE 2517 0 0 COMPANIA DE TELECOMUNICS CHI S COM 204449300 81 11822 SH SOLE 11822 0 0 CENTURYTEL INC COM 156700106 4655 127014 SH SOLE 127014 0 0 CATO CORP NEW COM 149205106 447 25491 SH SOLE 25491 0 0 CTRIP COM INTL LTD COM 22943F100 95608 2476242 SH SOLE 2476242 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 2458 107648 SH SOLE 107648 0 0 CENTEX CORP COM 152312104 698 43060 SH SOLE 43060 0 0 CENTEX CORP OPTION 152312104 226 300 SH PUT SOLE 300 0 0 CITRIX SYS INC COM 177376100 2017 79868 SH SOLE 79868 0 0 CARNIVAL PLC COM 14365C103 282 9100 SH SOLE 9100 0 0 CUTERA INC COM 232109108 463 43595 SH SOLE 43595 0 0 CABLEVISION SYS CORP COM 12686C109 319 12681 SH SOLE 12681 0 0 COVANCE INC COM 222816100 1941 21951 SH SOLE 21951 0 0 CASTLE CONV FD INC COM 148443104 467 25699 SH SOLE 25699 0 0 CONVERGYS CORP COM 212485106 377 25497 SH SOLE 25497 0 0 COVENTRY HEALTH CARE INC COM 222862104 1687 51825 SH SOLE 51825 0 0 CVS CAREMARK CORPORATION COM 126650100 48626 1444625 SH SOLE 1444625 0 0 CVS CAREMARK CORPORATION OPTION 126650100 263 7112 SH CALL SOLE 7112 0 0 CVS CAREMARK CORPORATION OPTION 126650100 3581 6818 SH PUT SOLE 6818 0 0 CHEVRON CORP NEW COM 166764100 214374 2599101 SH SOLE 2599101 0 0 CHEVRON CORP NEW OPTION 166764100 7420 13555 SH CALL SOLE 13555 0 0 CHEVRON CORP NEW OPTION 166764100 15038 19797 SH PUT SOLE 19797 0 0 CURTISS WRIGHT CORP COM 231561101 324 7123 SH SOLE 7123 0 0 CEMEX SAB DE CV SPON COM 151290889 17761 1031407 SH SOLE 1031407 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 395 75707 SH SOLE 75707 0 0 CYPRESS SEMICONDUCTOR CORP OPTION 232806109 756 2662 SH PUT SOLE 2662 0 0 CYBERSOURCE CORP COM 23251J106 162 10030 SH SOLE 10030 0 0 CYCLACEL PHARMACEUTICALS INC COM 23254L108 120 100000 SH SOLE 100000 0 0 COMMUNITY HEALTH SYS INC NEW OPTION 203668108 620 2000 SH PUT SOLE 2000 0 0 CYPRESS BIOSCIENCES INC PAR $ COM 232674507 6383 868450 SH SOLE 868450 0 0 CYPRESS BIOSCIENCES INC PAR $ OPTION 232674507 3504 3504 SH PUT SOLE 3504 0 0 DOMINION RES INC VA NEW COM 25746U109 15737 367869 SH SOLE 367869 0 0 DOMINION RES INC VA NEW OPTION 25746U109 221 1119 SH PUT SOLE 1119 0 0 DAIMLER AG REG SHS COM D1668R123 4021 79614 SH SOLE 79614 0 0 DARLING INTL INC COM 237266101 125 11233 SH SOLE 11233 0 0 DEUTSCHE BANK AG NAMEN AKT COM D18190898 3732 51272 SH SOLE 51272 0 0 DRESS BARN INC COM 261570105 1041 68114 SH SOLE 68114 0 0 DRESS BARN INC BOND CV 261570AB1 1191908 7514000 PRN SOLE 7514000 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 16606 412049 SH SOLE 412049 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 317 1642 SH CALL SOLE 1642 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 452 1046 SH PUT SOLE 1046 0 0 DEVELOPERS DIVERSIFIED RLTY COM 251591103 897 28316 SH SOLE 28316 0 0 DEVELOPERS DIVERSIFIED RLTY BOND CV 251591AQ6 852500 10000000 PRN SOLE 10000000 0 0 DILLARDS INC COM 254067101 248 21000 SH SOLE 21000 0 0 DEERE & CO COM 244199105 27254 550575 SH SOLE 550575 0 0 DEERE & CO OPTION 244199105 267 2182 SH CALL SOLE 2182 0 0 DEERE & CO OPTION 244199105 3070 3073 SH PUT SOLE 3073 0 0 DELL INC COM 24702R101 28947 1756503 SH SOLE 1756503 0 0 DELL INC OPTION 24702R101 1029 17404 SH CALL SOLE 17404 0 0 DELL INC OPTION 24702R101 9202 21401 SH PUT SOLE 21401 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page11 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DEAN FOODS CO NEW COM 242370104 883 37780 SH SOLE 37780 0 0 DEAN FOODS CO NEW OPTION 242370104 3224 10074 SH PUT SOLE 10074 0 0 DISCOVER FINL SVCS COM 254709108 8185 592226 SH SOLE 592226 0 0 DISCOVER FINL SVCS OPTION 254709108 1218 5605 SH PUT SOLE 5605 0 0 QUEST DIAGNOSTICS INC COM 74834L100 3500 67728 SH SOLE 67728 0 0 D R HORTON INC COM 23331A109 2049 157380 SH SOLE 157380 0 0 D R HORTON INC OPTION 23331A109 380 11252 SH CALL SOLE 11252 0 0 D R HORTON INC OPTION 23331A109 4988 6558 SH PUT SOLE 6558 0 0 DANAHER CORP DEL COM 235851102 15213 219203 SH SOLE 219203 0 0 DIAMONDS TR UNIT SER 1 COM 252787106 164755 1520441 SH SOLE 1520441 0 0 PROSHARES TR ULTRA O&G PRO COM 74347R719 1235 19842 SH SOLE 19842 0 0 DISNEY WALT CO COM DISNEY COM 254687106 47079 1534027 SH SOLE 1534027 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 1485 17572 SH CALL SOLE 17572 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 7912 29152 SH PUT SOLE 29152 0 0 DISH NETWORK CORP COM 25470M109 2289 108989 SH SOLE 108989 0 0 DICKS SPORTING GOODS INC COM 253393102 410 20941 SH SOLE 20941 0 0 DIGITAL RLTY TR INC COM 253868103 7252 153473 SH SOLE 153473 0 0 DOLLAR TREE INC COM 256746108 422 11606 SH SOLE 11606 0 0 GENENTECH INC COM 368710406 3560 40141 SH SOLE 40141 0 0 GENENTECH INC OPTION 368710406 1135 1455 SH PUT SOLE 1455 0 0 GENENTECH INC OPTION 368710406 906 931 SH CALL SOLE 931 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 361 3823 SH SOLE 3823 0 0 DENDREON CORP COM 24823Q107 87 15172 SH SOLE 15172 0 0 DENDREON CORP OPTION 24823Q107 454 16229 SH PUT SOLE 16229 0 0 DENDREON CORP OPTION 24823Q107 11718 61367 SH CALL SOLE 61367 0 0 DENDREON CORP BOND CV 24823QAB3 450125 6500000 PRN SOLE 6500000 0 0 DENBURY RES INC COM 247916208 538 28281 SH SOLE 28281 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 9741 94522 SH SOLE 94522 0 0 PROSHARES TR SHORT DOW 30 COM 74347R701 9064 130891 SH SOLE 130891 0 0 DOVER CORP COM 260003108 3023 74553 SH SOLE 74553 0 0 DOW CHEM CO COM 260543103 35748 1124857 SH SOLE 1124857 0 0 DOW CHEM CO OPTION 260543103 1144 20189 SH CALL SOLE 20189 0 0 DOW CHEM CO OPTION 260543103 6082 12097 SH PUT SOLE 12097 0 0 DPL INC COM 233293109 235 9489 SH SOLE 9489 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 352 13279 SH SOLE 13279 0 0 DELTA PETE CORP BOND CV 247907AD0 724983 9020000 PRN SOLE 9020000 0 0 DRESSER-RAND GROUP INC COM 261608103 1090 34632 SH SOLE 34632 0 0 DUKE REALTY CORP COM 264411505 454 18485 SH SOLE 18485 0 0 DARDEN RESTAURANTS INC COM 237194105 1128 39387 SH SOLE 39387 0 0 DIGITAL RIV INC COM 25388B104 842 25985 SH SOLE 25985 0 0 DSP GROUP INC COM 23332B106 457 59740 SH SOLE 59740 0 0 DEUTSCHE TELEKOM AG COM 251566105 8959 588262 SH SOLE 588262 0 0 DTE ENERGY CO COM 233331107 20934 521794 SH SOLE 521794 0 0 WISDOMTREE TRUST DIVID TOP 100 COM 97717W406 303 6600 SH SOLE 6600 0 0 DIRECTV GROUP INC COM 25459L106 7038 268839 SH SOLE 268839 0 0 DIRECTV GROUP INC OPTION 25459L106 280 7986 SH CALL SOLE 7986 0 0 DIRECTV GROUP INC OPTION 25459L106 529 2958 SH PUT SOLE 2958 0 0 DUKE ENERGY CORP NEW COM 26441C105 17707 1015907 SH SOLE 1015907 0 0 DEVRY INC DEL COM 251893103 250 5050 SH SOLE 5050 0 0 DAVITA INC COM 23918K108 2537 44497 SH SOLE 44497 0 0 COHEN & STEERS DIV MJRS FDIN COM 19248G106 2605 190000 SH SOLE 190000 0 0 DEVON ENERGY CORP NEW COM 25179M103 27526 301823 SH SOLE 301823 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 6689 7148 SH CALL SOLE 7148 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 6800 6973 SH PUT SOLE 6973 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page12 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ISHARES TR DJ SEL DIV INX COM 464287168 2748 51618 SH SOLE 51618 0 0 DYNEGY INC DEL COM 26817G102 447 124824 SH SOLE 124824 0 0 DYNEGY INC DEL OPTION 26817G102 2520 6000 SH PUT SOLE 6000 0 0 DEUTSCHE BK AG LDN BRH PS GOLD COM 25154H756 700 23290 SH SOLE 23290 0 0 ENI S P A COM 26874R108 3482 65752 SH SOLE 65752 0 0 EVERGREEN INCOME ADVANTAGE F C COM 30023Y105 1197 160700 SH SOLE 160700 0 0 BRINKER INTL INC COM 109641100 231 12922 SH SOLE 12922 0 0 EBAY INC COM 278642103 8490 379353 SH SOLE 379353 0 0 EBAY INC OPTION 278642103 365 10731 SH CALL SOLE 10731 0 0 EBAY INC OPTION 278642103 478 2555 SH PUT SOLE 2555 0 0 ENCANA CORP COM 292505104 2884 43881 SH SOLE 43881 0 0 ENCANA CORP OPTION 292505104 431 1003 SH CALL SOLE 1003 0 0 ENCANA CORP OPTION 292505104 1101 1306 SH PUT SOLE 1306 0 0 ISHARES INC MSCI CHILE INVES COM 464286640 2399 60379 SH SOLE 60379 0 0 ECOLAB INC COM 278865100 1688 34795 SH SOLE 34795 0 0 CONSOLIDATED EDISON INC COM 209115104 12346 287373 SH SOLE 287373 0 0 CONSOLIDATED EDISON INC OPTION 209115104 388 1138 SH CALL SOLE 1138 0 0 EDUCATION RLTY TR INC COM 28140H104 8393 757448 SH SOLE 757448 0 0 CLAYMORE EXCHANGE TRADED FD BN COM 18383M100 7213 207563 SH SOLE 207563 0 0 EVERGREEN ENERGY INC COM 30024B104 25 25648 SH SOLE 25648 0 0 BLACKROCK ENH EQ YLD FD INC COM 09256C105 654 60280 SH SOLE 60280 0 0 ISHARES TR MSCI EMERG MKT COM 464287234 77145 2257685 SH SOLE 2257685 0 0 ISHARES TR MSCI EAFE IDX COM 464287465 25891 459882 SH SOLE 459882 0 0 ISHARES TR MSCI EAFE IDX OPTION 464287465 2475 2500 SH PUT SOLE 2500 0 0 EATON VANCE SR FLTNG RTE TR COM 27828Q105 1199 110000 SH SOLE 110000 0 0 EATON VANCE FLTING RATE INC COM 278279104 1244 110801 SH SOLE 110801 0 0 EQUIFAX INC COM 294429105 711 20635 SH SOLE 20635 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 1960 11821 SH CALL SOLE 11821 0 0 ENERGEN CORP COM 29265N108 278 6134 SH SOLE 6134 0 0 EASTGROUP PPTY INC COM 277276101 268 5529 SH SOLE 5529 0 0 VAALCO ENERGY INC COM 91851C201 478 69874 SH SOLE 69874 0 0 ISHARES INC MSCI S KOREA OPTION 464286772 1034 2200 SH CALL SOLE 2200 0 0 ISHARES INC MSCI S KOREA OPTION 464286772 1144 2200 SH PUT SOLE 2200 0 0 EMPLOYERS HOLDINGS INC COM 292218104 30350 1746232 SH SOLE 1746232 0 0 ENERGY INFRASTRUCTURE ACQUI COM 29269P109 11798 1163516 SH SOLE 1163516 0 0 EDISON INTL COM 281020107 3686 92390 SH SOLE 92390 0 0 EASTMAN KODAK CO COM 277461109 8774 570504 SH SOLE 570504 0 0 EASTMAN KODAK CO OPTION 277461109 1210 34300 SH CALL SOLE 34300 0 0 EASTMAN KODAK CO OPTION 277461109 9660 30226 SH PUT SOLE 30226 0 0 EASTMAN KODAK CO BOND CV 277461BE8 933750 10000000 PRN SOLE 10000000 0 0 LAUDER ESTEE COS INC COM 518439104 1447 28985 SH SOLE 28985 0 0 EARTHLINK INC COM 270321102 107 12615 SH SOLE 12615 0 0 SYNERON MEDICAL LTD ORD SHS COM M87245102 424 29753 SH SOLE 29753 0 0 EMULEX CORP COM 292475209 821 76908 SH SOLE 76908 0 0 CALLAWAY GOLF CO COM 131193104 171 12139 SH SOLE 12139 0 0 E M C CORP MASS COM 268648102 27603 2307931 SH SOLE 2307931 0 0 E M C CORP MASS OPTION 268648102 255 14441 SH CALL SOLE 14441 0 0 E M C CORP MASS OPTION 268648102 6481 19779 SH PUT SOLE 19779 0 0 EMCOR GROUP INC COM 29084Q100 266 10121 SH SOLE 10121 0 0 EASTMAN CHEM CO COM 277432100 2873 52186 SH SOLE 52186 0 0 EMERSON ELEC CO COM 291011104 9401 230465 SH SOLE 230465 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 960 47994 SH SOLE 47994 0 0 ENERGY CONVERSION DEVICES IN COM 292659109 853 14639 SH SOLE 14639 0 0 ENERSIS S A COM 29274F104 876 53674 SH SOLE 53674 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page13 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- REED ELSEVIER N V SPONS COM 758204200 1580 53197 SH SOLE 53197 0 0 ENERGIZER HLDGS INC COM 29266R108 474 5880 SH SOLE 5880 0 0 ENTEGRIS INC COM 29362U104 340 70144 SH SOLE 70144 0 0 EMPRESA NACIONAL DE ELCTRCID COM 29244T101 329 7389 SH SOLE 7389 0 0 EOG RES INC COM 26875P101 6668 74534 SH SOLE 74534 0 0 EOG RES INC OPTION 26875P101 1170 2761 SH CALL SOLE 2761 0 0 EOG RES INC OPTION 26875P101 2789 3005 SH PUT SOLE 3005 0 0 EL PASO CORP COM 28336L109 2943 230630 SH SOLE 230630 0 0 EL PASO CORP OPTION 28336L109 2214 2869 SH PUT SOLE 2869 0 0 EL PASO PIPELINE PARTNERS L CO COM 283702108 804 50000 SH SOLE 50000 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 4896 190000 SH SOLE 190000 0 0 EDGE PETE CORP DEL PFD CONV A COM 279862205 3478 188000 SH SOLE 188000 0 0 ENTERTAINMENT PPTYS TR PFD C C COM 29380T402 24143 1207150 SH SOLE 1207150 0 0 ENTERTAINMENT PPTYS TR CONV PF COM 29380T600 9118 357558 SH SOLE 357558 0 0 EMBARQ CORP COM 29078E105 14270 351915 SH SOLE 351915 0 0 EQUITY RESIDENTIAL SH BEN INT COM 29476L107 11031 248399 SH SOLE 248399 0 0 EQUITABLE RES INC COM 294549100 378 10317 SH SOLE 10317 0 0 EVERGREEN MULTI SECT INC FUN C COM 30024Y104 864 70000 SH SOLE 70000 0 0 ERICSSON L M TEL CO COM 294821608 1701 180403 SH SOLE 180403 0 0 EMBRAER-EMPRESA BRASILEIRA D SPCOM 29081M102 1658 61397 SH SOLE 61397 0 0 EMBRAER-EMPRESA BRASILEIRA D SPOPTION 29081M102 234 450 SH PUT SOLE 450 0 0 ELECTRONIC ARTS INC COM 285512109 6669 180289 SH SOLE 180289 0 0 ESTERLINE TECHNOLOGIES CORP COM 297425100 374 9439 SH SOLE 9439 0 0 EVERGREEN SOLAR INC COM 30033R108 217 39242 SH SOLE 39242 0 0 EXPRESS SCRIPTS INC COM 302182100 6828 92499 SH SOLE 92499 0 0 ENSCO INTL INC COM 26874Q100 3832 66499 SH SOLE 66499 0 0 ENSCO INTL INC OPTION 26874Q100 961 1184 SH CALL SOLE 1184 0 0 ENSCO INTL INC OPTION 26874Q100 423 1134 SH PUT SOLE 1134 0 0 E TRADE FINANCIAL CORP COM 269246104 147 52668 SH SOLE 52668 0 0 ENTERCOM COMMUNICATIONS CORP COM 293639100 1762 350964 SH SOLE 350964 0 0 EATON CORP COM 278058102 3614 64320 SH SOLE 64320 0 0 ENTERGY CORP NEW COM 29364G103 6208 69740 SH SOLE 69740 0 0 ENTERGY CORP NEW OPTION 29364G103 765 1500 SH PUT SOLE 1500 0 0 ENTERGY CORP NEW EQUITY UNIT COM 29364G202 3900 75000 SH SOLE 75000 0 0 EATON VANCE TXMGD GL BUYWR O COM 27829C105 699 60255 SH SOLE 60255 0 0 EATON VANCE SR INCOME TR SH BE COM 27826S103 1091 222689 SH SOLE 222689 0 0 EATON VANCE TAX ADVT DIV INC COM 27828G107 1237 78910 SH SOLE 78910 0 0 EATON VANCE LTD DUR INCOME F COM 27828H105 1865 169264 SH SOLE 169264 0 0 ISHARES INC MSCI SWEDEN COM 464286756 388 18988 SH SOLE 18988 0 0 ISHARES INC MSCI HONG KONG COM 464286871 3414 258467 SH SOLE 258467 0 0 ISHARES INC MSCI JAPAN COM 464286848 1164 109175 SH SOLE 109175 0 0 ISHARES INC MSCI MALAYSIA COM 464286830 811 93700 SH SOLE 93700 0 0 ISHARES INC MSCI SINGAPORE COM 464286673 1233 126550 SH SOLE 126550 0 0 ISHARES INC MSCI TAIWAN COM 464286731 7572 701124 SH SOLE 701124 0 0 ISHARES INC MSCI UTD KINGD COM 464286699 408 24532 SH SOLE 24532 0 0 ISHARES INC MSCI MEX INVEST COM 464286822 59709 1279387 SH SOLE 1279387 0 0 ISHARES INC MSCI S KOREA COM 464286772 15363 386696 SH SOLE 386696 0 0 ISHARES INC MSCI BRAZIL COM 464286400 121698 2161217 SH SOLE 2161217 0 0 EXELON CORP COM 30161N101 49496 790418 SH SOLE 790418 0 0 EXELON CORP OPTION 30161N101 455 427 SH PUT SOLE 427 0 0 EXELIXIS INC COM 30161Q104 63 10372 SH SOLE 10372 0 0 EXTERRAN HLDGS INC COM 30225X103 270 8455 SH SOLE 8455 0 0 EXCEL MARITIME CARRIERS LTD COM V3267N107 2164 143498 SH SOLE 143498 0 0 EXPEDITORS INTL WASH INC COM 302130109 1626 46684 SH SOLE 46684 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page14 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- EXPEDIA INC DEL COM 30212P105 9748 645112 SH SOLE 645112 0 0 EXTRA SPACE STORAGE INC COM 30225T102 311 20225 SH SOLE 20225 0 0 ADVANCED MEDICAL OPTICS INC BOND CV 00763MAG3 711000 8000000 PRN SOLE 8000000 0 0 ISHARES INC MSCI STH AFRCA COM 464286780 3321 67692 SH SOLE 67692 0 0 FORD MTR CO DEL PAR $0.01 COM 345370860 7538 1449561 SH SOLE 1449561 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 1982 71227 SH CALL SOLE 71227 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 9877 44798 SH PUT SOLE 44798 0 0 FORD MTR CO DEL BOND CV 345370CF5 1811562 27499998 PRN SOLE 27499998 0 0 FIRST AMERN CORP CALIF COM 318522307 798 27043 SH SOLE 27043 0 0 FASTENAL CO COM 311900104 5407 109470 SH SOLE 109470 0 0 FURNITURE BRANDS INTL INC COM 360921100 577 54808 SH SOLE 54808 0 0 FOREST CITY ENTERPRISES INC COM 345550107 256 8351 SH SOLE 8351 0 0 FIRST TR FOUR CRNRS SR FLT R C COM 33733Q107 766 75442 SH SOLE 75442 0 0 FTI CONSULTING INC COM 302941109 8145 112755 SH SOLE 112755 0 0 ABERDEEN GLOBAL INCOME FD IN COM 003013109 839 85000 SH SOLE 85000 0 0 FIRST TR/FOUR CRNRS SR FLOAT COM 33733U108 3500 334893 SH SOLE 334893 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 27439 482655 SH SOLE 482655 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 421 7515 SH CALL SOLE 7515 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 14600 4259 SH PUT SOLE 4259 0 0 FREEPORT-MCMORAN COPPER & GO P COM 35671D782 72413 852820 SH SOLE 852820 0 0 FORDING CDN COAL TR TR UNIT COM 345425102 130955 1577770 SH SOLE 1577770 0 0 FAMILY DLR STORES INC COM 307000109 13343 563004 SH SOLE 563004 0 0 FRESH DEL MONTE PRODUCE INC COM G36738105 591 26621 SH SOLE 26621 0 0 FOUNDRY NETWORKS INC COM 35063R100 1836 100832 SH SOLE 100832 0 0 FEDEX CORP COM 31428X106 16372 207130 SH SOLE 207130 0 0 FEDEX CORP OPTION 31428X106 316 1511 SH CALL SOLE 1511 0 0 FEDEX CORP OPTION 31428X106 2597 2606 SH PUT SOLE 2606 0 0 FIRSTENERGY CORP COM 337932107 48104 718077 SH SOLE 718077 0 0 FIRST TR ENHANCED EQTY INC F COM 337318109 1460 131514 SH SOLE 131514 0 0 F5 NETWORKS INC COM 315616102 885 37862 SH SOLE 37862 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 1145 88750 SH SOLE 88750 0 0 SUNAMERICA FOCUSE ALPHA LC F COM 867038101 275 21219 SH SOLE 21219 0 0 FIRST HORIZON NATL CORP COM 320517105 244 26109 SH SOLE 26109 0 0 FEDERATED INVS INC PA CL B COM 314211103 391 13567 SH SOLE 13567 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 1224 66314 SH SOLE 66314 0 0 FISERV INC COM 337738108 4784 101088 SH SOLE 101088 0 0 FIFTH THIRD BANCORP COM 316773100 1056 88775 SH SOLE 88775 0 0 FIFTH THIRD BANCORP OPTION 316773100 863 2298 SH CALL SOLE 2298 0 0 FIFTH THIRD BANCORP CNV PFD DE COM 316773209 185058 1725000 SH SOLE 1725000 0 0 COMFORT SYS USA INC COM 199908104 456 34162 SH SOLE 34162 0 0 FOOT LOCKER INC COM 344849104 1449 89674 SH SOLE 89674 0 0 FLEXTRONICS INTL LTD COM Y2573F102 1189 167978 SH SOLE 167978 0 0 FLIR SYS INC COM 302445101 1116 29056 SH SOLE 29056 0 0 FLOWERS FOODS INC COM 343498101 343 11666 SH SOLE 11666 0 0 FLUOR CORP NEW COM 343412102 2767 49685 SH SOLE 49685 0 0 FLOWSERVE CORP COM 34354P105 569 6407 SH SOLE 6407 0 0 F M C CORP COM 302491303 461 8969 SH SOLE 8969 0 0 FOCUS MEDIA HLDG LTD COM 34415V109 432 15161 SH SOLE 15161 0 0 FIRSTMERIT CORP COM 337915102 235 11190 SH SOLE 11190 0 0 FRESENIUS MED CARE AG&CO KGA COM 358029106 2994 57638 SH SOLE 57638 0 0 FOMENTO ECONOMICO MEXICANO S S COM 344419106 5830 152856 SH SOLE 152856 0 0 FIDELITY NATIONAL FINANCIAL COM 31620R105 223 15138 SH SOLE 15138 0 0 FEDERAL NATL MTG ASSN COM 313586109 2226 1454927 SH SOLE 1454927 0 0 FEDERAL NATL MTG ASSN OPTION 313586109 266 302 SH PUT SOLE 302 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page15 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FORTUNE BRANDS INC COM 349631101 2954 51497 SH SOLE 51497 0 0 FORESTAR REAL ESTATE GROUP I COM 346233109 999 67732 SH SOLE 67732 0 0 FOSSIL INC COM 349882100 200 7093 SH SOLE 7093 0 0 FPL GROUP INC COM 302571104 58693 1166865 SH SOLE 1166865 0 0 BLACKROCK FLOAT RATE OME STR COM 09255X100 959 87200 SH SOLE 87200 0 0 BLACKROCK FL RATE OME STRA I C COM 09255Y108 1104 98485 SH SOLE 98485 0 0 FEDERAL HOME LN MTG CORP COM 313400301 618 361452 SH SOLE 361452 0 0 FRONTLINE LTD SHS COM G3682E127 2406 50053 SH SOLE 50053 0 0 FAIRPOINT COMMUNICATIONS INC COM 305560104 306 35304 SH SOLE 35304 0 0 FEDERAL REALTY INVT TR SH BEN COM 313747206 644 7520 SH SOLE 7520 0 0 FOREST LABS INC COM 345838106 23704 838205 SH SOLE 838205 0 0 FIRST SOLAR INC COM 336433107 1653 8750 SH SOLE 8750 0 0 FOREST OIL CORP PAR $0.01 COM 346091705 279 5623 SH SOLE 5623 0 0 FOREST OIL CORP PAR $0.01 OPTION 346091705 379 2440 SH PUT SOLE 2440 0 0 FUEL SYS SOLUTIONS INC COM 35952W103 224 6514 SH SOLE 6514 0 0 FRANKLIN UNVL TR SH BEN INT COM 355145103 257 49554 SH SOLE 49554 0 0 FRANCE TELECOM COM 35177Q105 5064 180807 SH SOLE 180807 0 0 FMC TECHNOLOGIES INC COM 30249U101 394 8454 SH SOLE 8454 0 0 FRONTIER COMMUNICATIONS CORP COM 35906A108 925 80421 SH SOLE 80421 0 0 FULLER H B CO COM 359694106 584 27997 SH SOLE 27997 0 0 FULTON FINL CORP PA COM 360271100 1582 145000 SH SOLE 145000 0 0 FOSTER WHEELER LTD SHS COM G36535139 7375 204248 SH SOLE 204248 0 0 ISHARES TR FTSE XNHUA IDX COM 464287184 39068 1133400 SH SOLE 1133400 0 0 ISHARES TR FTSE XNHUA IDX OPTION 464287184 760 10500 SH CALL SOLE 10500 0 0 ISHARES TR FTSE XNHUA IDX OPTION 464287184 525 500 SH PUT SOLE 500 0 0 PROSHARES TR ULTRA XIN CH25 COM 74347R321 207 2200 SH SOLE 2200 0 0 GENERAL AMERN INVS INC COM 368802104 772 29827 SH SOLE 29827 0 0 NICOR INC COM 654086107 788 17766 SH SOLE 17766 0 0 MARKET VECTORS ETF TR GOLD MIN OPTION 57060U100 450 1000 SH CALL SOLE 1000 0 0 GENERAL MTRS CORP DEB SR CONV BCOM 370442733 26255 2950000 SH SOLE 2950000 0 0 GANNETT INC COM 364730101 803 47482 SH SOLE 47482 0 0 DWS GLOBAL COMMODITIES STK F COM 23338Y100 3621 284667 SH SOLE 284667 0 0 GENERAL DYNAMICS CORP COM 369550108 10240 139092 SH SOLE 139092 0 0 GARDNER DENVER INC COM 365558105 597 17208 SH SOLE 17208 0 0 GABELLI DIVD & INCOME TR COM 36242H104 1633 118519 SH SOLE 118519 0 0 MARKET VECTORS ETF TR GOLD MIN COM 57060U100 282 8331 SH SOLE 8331 0 0 GENERAL ELECTRIC CO COM 369604103 358560 14061173 SH SOLE 14061173 0 0 GENERAL ELECTRIC CO OPTION 369604103 3978 59550 SH CALL SOLE 59550 0 0 GENERAL ELECTRIC CO OPTION 369604103 93714 162892 SH PUT SOLE 162892 0 0 GENZYME CORP COM 372917104 37853 467961 SH SOLE 467961 0 0 GUESS INC COM 401617105 366 10519 SH SOLE 10519 0 0 GAFISA S A SPONS COM 362607301 671 26125 SH SOLE 26125 0 0 GOLD FIELDS LTD NEW COM 38059T106 5110 532891 SH SOLE 532891 0 0 GOLDCORP INC NEW COM 380956409 37192 1175832 SH SOLE 1175832 0 0 GOLDCORP INC NEW OPTION 380956409 280 500 SH CALL SOLE 500 0 0 GRUPO FINANCIERO GALICIA S A SPCOM 399909100 55 11810 SH SOLE 11810 0 0 GERDAU S A COM 373737105 53758 4843103 SH SOLE 4843103 0 0 GENERAL GROWTH PPTYS INC COM 370021107 832 55091 SH SOLE 55091 0 0 GILEAD SCIENCES INC COM 375558103 20106 440627 SH SOLE 440627 0 0 GILEAD SCIENCES INC OPTION 375558103 871 2833 SH PUT SOLE 2833 0 0 GILEAD SCIENCES INC OPTION 375558103 1861 4392 SH CALL SOLE 4392 0 0 GENERAL MLS INC COM 370334104 39013 567715 SH SOLE 567715 0 0 GENERAL MLS INC OPTION 370334104 298 1000 SH CALL SOLE 1000 0 0 GLOBAL CROSSING LTD BOND CV 37932JAA1 1383756 15248000 PRN SOLE 15248000 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page16 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SPDR GOLD TRUST GOLD SHS COM 78463V107 33827 397637 SH SOLE 397637 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 1710 5000 SH CALL SOLE 5000 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 1950 3500 SH PUT SOLE 3500 0 0 CORNING INC COM 219350105 12456 796407 SH SOLE 796407 0 0 CORNING INC OPTION 219350105 348 5273 SH CALL SOLE 5273 0 0 CORNING INC OPTION 219350105 3393 10931 SH PUT SOLE 10931 0 0 GENERAL MTRS CORP COM 370442105 17547 1856847 SH SOLE 1856847 0 0 GENERAL MTRS CORP OPTION 370442105 1461 28425 SH CALL SOLE 28425 0 0 GENERAL MTRS CORP OPTION 370442105 87251 64706 SH PUT SOLE 64706 0 0 GENERAL MTRS CORP SENIOR DEBEN COM 370442691 4556 225000 SH SOLE 225000 0 0 GAMESTOP CORP NEW COM 36467W109 3100 90611 SH SOLE 90611 0 0 GAMESTOP CORP NEW OPTION 36467W109 550 500 SH PUT SOLE 500 0 0 GMARKET INC SPON COM 38012G100 9043 389125 SH SOLE 389125 0 0 GMX RES INC COM 38011M108 448 9367 SH SOLE 9367 0 0 GENTEX CORP COM 371901109 997 69723 SH SOLE 69723 0 0 GENWORTH FINL INC COM COM 37247D106 943 109492 SH SOLE 109492 0 0 GOL LINHAS AEREAS INTLG S A SP COM 38045R107 306 47107 SH SOLE 47107 0 0 GOOGLE INC COM 38259P508 98306 306728 SH SOLE 306728 0 0 GOOGLE INC OPTION 38259P508 8282 4963 SH CALL SOLE 4963 0 0 GOOGLE INC OPTION 38259P508 51427 7539 SH PUT SOLE 7539 0 0 GENUINE PARTS CO COM 372460105 1528 38004 SH SOLE 38004 0 0 GENERAL MTRS CORP DEB SR CV C COM 370442717 7600 950000 SH SOLE 950000 0 0 GAP INC DEL COM 364760108 5505 309593 SH SOLE 309593 0 0 GAP INC DEL OPTION 364760108 229 1470 SH PUT SOLE 1470 0 0 GOODRICH CORP COM 382388106 58026 1394854 SH SOLE 1394854 0 0 GRACE W R & CO DEL NEW COM 38388F108 8694 575000 SH SOLE 575000 0 0 S & P 500 GEARED FD INC COM 78381R105 950 84931 SH SOLE 84931 0 0 GARMIN LTD COM G37260109 4626 136289 SH SOLE 136289 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 69895 546054 SH SOLE 546054 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 4313 6373 SH CALL SOLE 6373 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 78723 30972 SH PUT SOLE 30972 0 0 GLAXOSMITHKLINE PLC COM 37733W105 204 4686 SH SOLE 4686 0 0 GLOBAL SOURCES LTD COM G39300101 338 33522 SH SOLE 33522 0 0 GASTAR EXPL LTD COM 367299104 293 225300 SH SOLE 225300 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 2172 141899 SH SOLE 141899 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 233 1834 SH CALL SOLE 1834 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 1266 2975 SH PUT SOLE 2975 0 0 GRAFTECH INTL LTD COM 384313102 158 10467 SH SOLE 10467 0 0 GTX INC DEL COM 40052B108 1174 61714 SH SOLE 61714 0 0 GREY WOLF INC COM 397888108 126 16178 SH SOLE 16178 0 0 GRAINGER W W INC COM 384802104 878 10090 SH SOLE 10090 0 0 GREAT PLAINS ENERGY INC COM 391164100 4479 201571 SH SOLE 201571 0 0 GYMBOREE CORP COM 403777105 1793 50497 SH SOLE 50497 0 0 HAEMONETICS CORP COM 405024100 245 3962 SH SOLE 3962 0 0 HALLIBURTON CO COM 406216101 72517 2238873 SH SOLE 2238873 0 0 HALLIBURTON CO OPTION 406216101 2919 23766 SH CALL SOLE 23766 0 0 HALLIBURTON CO OPTION 406216101 19048 19917 SH PUT SOLE 19917 0 0 HANSEN NAT CORP COM 411310105 456 15074 SH SOLE 15074 0 0 HARMAN INTL INDS INC COM 413086109 476 13962 SH SOLE 13962 0 0 HASBRO INC COM 418056107 1729 49809 SH SOLE 49809 0 0 HUNTINGTON BANCSHARES INC COM 446150104 739 92448 SH SOLE 92448 0 0 HUNTINGTON BANCSHARES INC PFD COM 446150401 50689 65312 SH SOLE 65312 0 0 HSBC HLDGS PLC SPON COM 404280406 1283 15873 SH SOLE 15873 0 0 HUDSON CITY BANCORP COM 443683107 2703 146513 SH SOLE 146513 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page17 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FIDUCIARY CLAYMORE DYNM EQ F COM 31647T100 156 14573 SH SOLE 14573 0 0 HEALTH CARE REIT INC COM 42217K106 306 5755 SH SOLE 5755 0 0 HCP INC COM 40414L109 2285 56937 SH SOLE 56937 0 0 HOME DEPOT INC COM 437076102 43631 1685233 SH SOLE 1685233 0 0 HOME DEPOT INC OPTION 437076102 4762 34501 SH CALL SOLE 34501 0 0 HOME DEPOT INC OPTION 437076102 15956 30506 SH PUT SOLE 30506 0 0 HDFC BANK LTD COM 40415F101 11599 136538 SH SOLE 136538 0 0 HESS CORP COM 42809H107 9878 120351 SH SOLE 120351 0 0 HESS CORP OPTION 42809H107 1072 1192 SH PUT SOLE 1192 0 0 HUMAN GENOME SCIENCES INC COM 444903108 967 152233 SH SOLE 152233 0 0 HUMAN GENOME SCIENCES INC OPTION 444903108 236 732 SH PUT SOLE 732 0 0 HUMAN GENOME SCIENCES INC BOND CV 444903AM0 450563 6750000 PRN SOLE 6750000 0 0 HUMAN GENOME SCIENCES INC BOND CV 444903AK4 354375 5000000 PRN SOLE 5000000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 19525 476344 SH SOLE 476344 0 0 PETROHAWK ENERGY CORP COM 716495106 473 21882 SH SOLE 21882 0 0 HECLA MNG CO 6.5% CONV PFD COM 422704304 3998 75000 SH SOLE 75000 0 0 HARMONIC INC COM 413160102 109 12858 SH SOLE 12858 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 109474 4508803 SH SOLE 4508803 0 0 HOME INNS & HOTELS MGMT INC SP COM 43713W107 4113 294817 SH SOLE 294817 0 0 HNI CORP COM 404251100 296 11677 SH SOLE 11677 0 0 HEALTH NET INC COM 42222G108 778 32951 SH SOLE 32951 0 0 HEINZ H J CO COM 423074103 21011 420465 SH SOLE 420465 0 0 HOOKER FURNITURE CORP COM 439038100 414 23296 SH SOLE 23296 0 0 HARLEY DAVIDSON INC COM 412822108 6068 162672 SH SOLE 162672 0 0 HOLOGIC INC COM 436440101 1244 64350 SH SOLE 64350 0 0 HOLOGIC INC BOND CV 436440AA9 2581250 35000000 PRN SOLE 35000000 0 0 HONEYWELL INTL INC COM 438516106 19103 459761 SH SOLE 459761 0 0 HONEYWELL INTL INC OPTION 438516106 2402 2591 SH PUT SOLE 2591 0 0 HORNBECK OFFSHORE SVCS INC N COM 440543106 305 7885 SH SOLE 7885 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 3974 141229 SH SOLE 141229 0 0 HOT TOPIC INC COM 441339108 468 70772 SH SOLE 70772 0 0 HELMERICH & PAYNE INC COM 423452101 1748 40479 SH SOLE 40479 0 0 HERCULES INC COM 427056106 317 16017 SH SOLE 16017 0 0 HEWLETT PACKARD CO COM 428236103 97762 2114221 SH SOLE 2114221 0 0 HEWLETT PACKARD CO OPTION 428236103 4800 31630 SH PUT SOLE 31630 0 0 HEWLETT PACKARD CO OPTION 428236103 7051 14761 SH CALL SOLE 14761 0 0 BLOCK H & R INC COM 093671105 23460 1031196 SH SOLE 1031196 0 0 BLOCK H & R INC OPTION 093671105 713 2937 SH PUT SOLE 2937 0 0 HORMEL FOODS CORP COM 440452100 666 18347 SH SOLE 18347 0 0 HRPT PPTYS TR COM SH BEN INT COM 40426W101 87 12624 SH SOLE 12624 0 0 HARRIS CORP DEL COM 413875105 1623 35120 SH SOLE 35120 0 0 HARSCO CORP COM 415864107 850 22849 SH SOLE 22849 0 0 SCHEIN HENRY INC COM 806407102 875 16253 SH SOLE 16253 0 0 HEIDRICK & STRUGGLES INTL IN COM 422819102 577 19153 SH SOLE 19153 0 0 HSN INC COM 404303109 971 88186 SH SOLE 88186 0 0 HOSPIRA INC COM 441060100 2617 68510 SH SOLE 68510 0 0 HOST HOTELS & RESORTS INC COM 44107P104 1600 120409 SH SOLE 120409 0 0 HERSHEY CO COM 427866108 1914 48414 SH SOLE 48414 0 0 HUTCHINSON TECHNOLOGY INC BOND CV 448407AF3 143000 2000000 PRN SOLE 2000000 0 0 HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 603 53510 SH SOLE 53510 0 0 HUBBELL INC CL B COM 443510201 417 11904 SH SOLE 11904 0 0 HUB GROUP INC COM 443320106 215 5709 SH SOLE 5709 0 0 HUMANA INC COM 444859102 2070 50236 SH SOLE 50236 0 0 HUNTSMAN CORP COM 447011107 44934 3566223 SH SOLE 3566223 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page18 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HURON CONSULTING GROUP INC COM 447462102 1164 20424 SH SOLE 20424 0 0 HEADWATERS INC COM 42210P102 212 15867 SH SOLE 15867 0 0 HEXCEL CORP NEW COM 428291108 156 11371 SH SOLE 11371 0 0 DESARROLLADORA HOMEX S A DE COM 25030W100 455 10284 SH SOLE 10284 0 0 BLACKROCK CORPOR HI YLD FD V COM 09255P107 393 48900 SH SOLE 48900 0 0 IAC INTERACTIVECORP PAR $.001 COM 44919P508 387 22354 SH SOLE 22354 0 0 IAC INTERACTIVECORP PAR $.001 OPTION 44919P508 210 6854 SH CALL SOLE 6854 0 0 IAC INTERACTIVECORP PAR $.001 OPTION 44919P508 1413 1406 SH PUT SOLE 1406 0 0 ISHARES TR DJ BROKER-DEAL COM 464288794 22781 793771 SH SOLE 793771 0 0 IDEARC INC COM 451663108 15 12213 SH SOLE 12213 0 0 INTEGRA LIFESCIENCES HLDGS C COM 457985208 376 8545 SH SOLE 8545 0 0 ISHARES TR NASDQ BIO INDX COM 464287556 14842 182424 SH SOLE 182424 0 0 ISHARES TR NASDQ BIO INDX OPTION 464287556 410 2000 SH PUT SOLE 2000 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 187256 1601029 SH SOLE 1601029 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 7912 24773 SH PUT SOLE 24773 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 24152 25893 SH CALL SOLE 25893 0 0 ICICI BK LTD COM 45104G104 34227 1455221 SH SOLE 1455221 0 0 ICICI BK LTD OPTION 45104G104 2850 5298 SH PUT SOLE 5298 0 0 INTERNATIONAL BANCSHARES COR COM 459044103 459 17006 SH SOLE 17006 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 883 10942 SH SOLE 10942 0 0 ISHARES TR COHEN&ST RLTY COM 464287564 24926 325065 SH SOLE 325065 0 0 INTERNATIONAL COAL GRP INC N COM 45928H106 66 10544 SH SOLE 10544 0 0 INTERDIGITAL INC COM 45867G101 454 18864 SH SOLE 18864 0 0 IDT CORP CL B COM 448947309 9 11974 SH SOLE 11974 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 381 48962 SH SOLE 48962 0 0 ISHARES TR DJ US UTILS COM 464287697 4174 52945 SH SOLE 52945 0 0 ISHARES TR 7-10 YR TRS BD COM 464287440 1076 12100 SH SOLE 12100 0 0 ISHARES TR DJ OIL&GAS EXP COM 464288851 3351 60000 SH SOLE 60000 0 0 ISHARES TR S&P EURO PLUS COM 464287861 502 12600 SH SOLE 12600 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 609 15434 SH SOLE 15434 0 0 INDIA FD INC COM 454089103 5088 155026 SH SOLE 155026 0 0 INFINEON TECHNOLOGIES AG COM 45662N103 257 45903 SH SOLE 45903 0 0 ING GLBL ADV & PREM OPP FUND COM 44982N109 1001 80447 SH SOLE 80447 0 0 ISHARES TR S&P NA NAT RES COM 464287374 7988 222070 SH SOLE 222070 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 1615 94028 SH SOLE 94028 0 0 ISHARES TR S&P NA SOFTWR COM 464287515 3520 80000 SH SOLE 80000 0 0 ISHARES TR S&P NA SEMICND COM 464287523 7952 196162 SH SOLE 196162 0 0 INTERVAL LEISURE GROUP INC COM 46113M108 932 89601 SH SOLE 89601 0 0 ISHARES TR S&P SMLCAP 600 COM 464287804 89265 1499999 SH SOLE 1499999 0 0 ISHARES TR S&P LTN AM 40 COM 464287390 26722 689597 SH SOLE 689597 0 0 INGRAM MICRO INC COM 457153104 444 27615 SH SOLE 27615 0 0 IMCLONE SYS INC BOND CV 45245WAF6 3648000 38000000 PRN SOLE 38000000 0 0 INFORMATICA CORP COM 45666Q102 798 61399 SH SOLE 61399 0 0 INFINERA CORPORATION COM 45667G103 100 10426 SH SOLE 10426 0 0 INFOSYS TECHNOLOGIES LTD COM 456788108 14635 439370 SH SOLE 439370 0 0 INFOSYS TECHNOLOGIES LTD OPTION 456788108 795 1500 SH PUT SOLE 1500 0 0 ING GROEP N V COM 456837103 1561 72967 SH SOLE 72967 0 0 BARCLAYS BK PLC IPMS INDIA ETN COM 06739F291 819 18090 SH SOLE 18090 0 0 INTEL CORP COM 458140100 168598 9001475 SH SOLE 9001475 0 0 INTEL CORP OPTION 458140100 590 4000 SH PUT SOLE 4000 0 0 INTEL CORP OPTION 458140100 6676 71960 SH CALL SOLE 71960 0 0 INTEL CORP OPTION 458140100 35566 81484 SH PUT SOLE 81484 0 0 INTUIT COM 461202103 8487 268486 SH SOLE 268486 0 0 ION GEOPHYSICAL CORP COM 462044108 147 10382 SH SOLE 10382 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page19 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- INTL PAPER CO COM 460146103 7816 298533 SH SOLE 298533 0 0 INTL PAPER CO OPTION 460146103 261 1234 SH CALL SOLE 1234 0 0 INTL PAPER CO OPTION 460146103 1690 7862 SH PUT SOLE 7862 0 0 INTERPUBLIC GROUP COS INC COM 460690100 1042 134456 SH SOLE 134456 0 0 INTERPUBLIC GROUP COS INC OPTION 460690100 1172 6846 SH PUT SOLE 6846 0 0 IMPERIAL SUGAR CO NEW COM 453096208 630 46538 SH SOLE 46538 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 2803 34000 SH CALL SOLE 34000 0 0 INGERSOLL-RAND COMPANY LTD COM G4776G101 3852 123581 SH SOLE 123581 0 0 INLAND REAL ESTATE CORP COM 457461200 264 16796 SH SOLE 16796 0 0 INLAND REAL ESTATE CORP BOND CV 457461AB7 1259344 14250000 PRN SOLE 14250000 0 0 IRON MTN INC COM 462846106 252 10341 SH SOLE 10341 0 0 INTERSIL CORP COM 46069S109 848 51116 SH SOLE 51116 0 0 ISIS PHARMACEUTICALS INC COM 464330109 173 10264 SH SOLE 10264 0 0 INTUITIVE SURGICAL INC COM 46120E602 3560 14775 SH SOLE 14775 0 0 ITC HLDGS CORP COM 465685105 295 5703 SH SOLE 5703 0 0 INTERMUNE INC COM 45884X103 39016 2280329 SH SOLE 2280329 0 0 INTERMUNE INC OPTION 45884X103 13583 8541 SH PUT SOLE 8541 0 0 ITRON INC COM 465741106 226 2558 SH SOLE 2558 0 0 ITT CORP NEW COM 450911102 1865 33532 SH SOLE 33532 0 0 BANCO ITAU HLDG FINANCIERA S SPCOM 059602201 39404 2251669 SH SOLE 2251669 0 0 BANCO ITAU HLDG FINANCIERA S SPOPTION 059602201 3234 3300 SH PUT SOLE 3300 0 0 ILLINOIS TOOL WKS INC COM 452308109 4614 103790 SH SOLE 103790 0 0 I2 TECHNOLOGIES INC COM 465754208 1030 76373 SH SOLE 76373 0 0 ISHARES TR S&P 500 VALUE COM 464287408 26529 443251 SH SOLE 443251 0 0 INVITROGEN CORP COM 46185R100 221 5850 SH SOLE 5850 0 0 ISHARES TR S&P 500 INDEX COM 464287200 1871 16015 SH SOLE 16015 0 0 ISHARES TR S&P500 GRW COM 464287309 4344 76513 SH SOLE 76513 0 0 INVESCO LTD SHS COM G491BT108 1666 79413 SH SOLE 79413 0 0 ISHARES TR RUSSELL 2000 COM 464287655 350407 5153043 SH SOLE 5153043 0 0 ISHARES TR DJ US ENERGY COM 464287796 2240 59640 SH SOLE 59640 0 0 ISHARES TR DJ US FINL SEC COM 464287788 17148 246954 SH SOLE 246954 0 0 ISHARES TR DJ US FINL SVC COM 464287770 6416 86782 SH SOLE 86782 0 0 ISHARES TR DJ US BAS MATL COM 464287838 11939 209348 SH SOLE 209348 0 0 ISHARES TR DJ US REAL EST COM 464287739 147812 2385981 SH SOLE 2385981 0 0 ISHARES TR TRANSP AVE IDX COM 464287192 13364 161580 SH SOLE 161580 0 0 ISHARES TR DJ US TECH SEC COM 464287721 7975 168132 SH SOLE 168132 0 0 JARDEN CORP COM 471109108 303 12934 SH SOLE 12934 0 0 SUN MICROSYSTEMS INC COM 866810203 8129 1069575 SH SOLE 1069575 0 0 SUN MICROSYSTEMS INC OPTION 866810203 1000 3862 SH PUT SOLE 3862 0 0 JABIL CIRCUIT INC COM 466313103 520 54481 SH SOLE 54481 0 0 JETBLUE AIRWAYS CORP COM 477143101 725 146486 SH SOLE 146486 0 0 JETBLUE AIRWAYS CORP OPTION 477143101 775 1700 SH PUT SOLE 1700 0 0 JACK IN THE BOX INC COM 466367109 260 12344 SH SOLE 12344 0 0 JOHNSON CTLS INC COM 478366107 4581 151036 SH SOLE 151036 0 0 PENNEY J C INC COM 708160106 9583 287443 SH SOLE 287443 0 0 PENNEY J C INC OPTION 708160106 3919 2766 SH PUT SOLE 2766 0 0 JDS UNIPHASE CORP PAR $0.001 COM 46612J507 534 63086 SH SOLE 63086 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 1207 22216 SH SOLE 22216 0 0 NUVEEN FLOATING RATE INCOME COM 67072T108 1615 210600 SH SOLE 210600 0 0 HENRY JACK & ASSOC INC COM 426281101 735 36154 SH SOLE 36154 0 0 JOHNSON & JOHNSON COM 478160104 97472 1406925 SH SOLE 1406925 0 0 JOHNSON & JOHNSON OPTION 478160104 4633 19614 SH PUT SOLE 19614 0 0 JOHNSON & JOHNSON OPTION 478160104 5052 16569 SH CALL SOLE 16569 0 0 JUNIPER NETWORKS INC COM 48203R104 13297 631071 SH SOLE 631071 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page20 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- JUNIPER NETWORKS INC OPTION 48203R104 202 2596 SH CALL SOLE 2596 0 0 JUNIPER NETWORKS INC OPTION 48203R104 2352 7679 SH PUT SOLE 7679 0 0 JANUS CAP GROUP INC COM 47102X105 972 40015 SH SOLE 40015 0 0 JONES APPAREL GROUP INC COM 480074103 201 10883 SH SOLE 10883 0 0 JOY GLOBAL INC COM 481165108 910 20155 SH SOLE 20155 0 0 JPMORGAN & CHASE & CO COM 46625H100 203230 4351812 SH SOLE 4351812 0 0 JPMORGAN & CHASE & CO OPTION 46625H100 63620 71126 SH CALL SOLE 71126 0 0 JPMORGAN & CHASE & CO OPTION 46625H100 24549 68049 SH PUT SOLE 68049 0 0 NUVEEN FLTNG RTE INCM OPP FD C COM 6706EN100 1223 161924 SH SOLE 161924 0 0 NUVEEN TAX ADVANTAGED DIV GR COM 67073G105 127 12231 SH SOLE 12231 0 0 JACKSON HEWITT TAX SVCS INC COM 468202106 1200 78223 SH SOLE 78223 0 0 NORDSTROM INC COM 655664100 8475 294064 SH SOLE 294064 0 0 NORDSTROM INC OPTION 655664100 1046 2210 SH PUT SOLE 2210 0 0 KELLOGG CO COM 487836108 11094 197757 SH SOLE 197757 0 0 KELLOGG CO OPTION 487836108 235 250 SH CALL SOLE 250 0 0 SPDR SERIES TRUST SPDR KBW BK COM 78464A797 7772 231300 SH SOLE 231300 0 0 KB HOME COM 48666K109 1345 68337 SH SOLE 68337 0 0 KB HOME OPTION 48666K109 6189 3110 SH PUT SOLE 3110 0 0 KBR INC COM 48242W106 169 11080 SH SOLE 11080 0 0 KINETIC CONCEPTS INC COM 49460W208 1104 38612 SH SOLE 38612 0 0 COLE KENNETH PRODTNS INC COM 193294105 439 29882 SH SOLE 29882 0 0 KAYDON CORP COM 486587108 202 4474 SH SOLE 4474 0 0 KEY ENERGY SVCS INC COM 492914106 292 25162 SH SOLE 25162 0 0 KOREA ELECTRIC PWR COM 500631106 1125 90839 SH SOLE 90839 0 0 KERYX BIOPHARMACEUTICALS INC COM 492515101 116 331508 SH SOLE 331508 0 0 KIRBY CORP COM 497266106 302 7970 SH SOLE 7970 0 0 KEYCORP NEW COM 493267108 1125 94187 SH SOLE 94187 0 0 KEYCORP NEW OPTION 493267108 280 1400 SH CALL SOLE 1400 0 0 KRAFT FOODS INC COM 50075N104 10010 305650 SH SOLE 305650 0 0 KRAFT FOODS INC OPTION 50075N104 715 3808 SH PUT SOLE 3808 0 0 KRAFT FOODS INC OPTION 50075N104 1385 4766 SH CALL SOLE 4766 0 0 KORN FERRY INTL COM 500643200 1045 58668 SH SOLE 58668 0 0 KING PHARMACEUTICALS INC COM 495582108 583 60843 SH SOLE 60843 0 0 KINROSS GOLD CORP COM NO PAR COM 496902404 201 12465 SH SOLE 12465 0 0 SPDR SERIES TRUST SPDR KBW INS COM 78464A789 2810 73158 SH SOLE 73158 0 0 KIMCO REALTY CORP COM 49446R109 2050 55497 SH SOLE 55497 0 0 KLA-TENCOR CORP COM 482480100 10785 340772 SH SOLE 340772 0 0 KLA-TENCOR CORP OPTION 482480100 2823 2950 SH PUT SOLE 2950 0 0 KIMBERLY CLARK CORP COM 494368103 15445 238197 SH SOLE 238197 0 0 KIMBERLY CLARK CORP OPTION 494368103 406 991 SH CALL SOLE 991 0 0 KIMBERLY CLARK CORP OPTION 494368103 1062 3075 SH PUT SOLE 3075 0 0 KINDER MORGAN ENERGY PARTNER U COM 494550106 420 8072 SH SOLE 8072 0 0 CARMAX INC COM 143130102 1163 83050 SH SOLE 83050 0 0 KNIGHT TRANSN INC COM 499064103 469 27644 SH SOLE 27644 0 0 COCA COLA CO COM 191216100 30254 572129 SH SOLE 572129 0 0 COCA COLA CO OPTION 191216100 4100 14561 SH CALL SOLE 14561 0 0 COCA COLA CO OPTION 191216100 3519 15069 SH PUT SOLE 15069 0 0 KOPPERS HOLDINGS INC COM 50060P106 306 8183 SH SOLE 8183 0 0 KROGER CO COM 501044101 6062 220600 SH SOLE 220600 0 0 KROGER CO OPTION 501044101 202 1154 SH CALL SOLE 1154 0 0 KROGER CO OPTION 501044101 480 2777 SH PUT SOLE 2777 0 0 SPDR SERIES TRUST KBW REGN BK COM 78464A698 9786 275660 SH SOLE 275660 0 0 KOHLS CORP COM 500255104 4628 100429 SH SOLE 100429 0 0 KOHLS CORP OPTION 500255104 208 725 SH CALL SOLE 725 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page21 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- KOHLS CORP OPTION 500255104 427 577 SH PUT SOLE 577 0 0 KEYCORP NEW PFD 7.75% SR A COM 493267405 131766 1550000 SH SOLE 1550000 0 0 LOEWS CORP COM 540424108 3323 84149 SH SOLE 84149 0 0 LAMAR ADVERTISING CO COM 512815101 445 14420 SH SOLE 14420 0 0 LAZARD LTD SHS A COM G54050102 1499 35057 SH SOLE 35057 0 0 LIBERTY GLOBAL INC COM SER A COM 530555101 1136 37498 SH SOLE 37498 0 0 LIBERTY GLOBAL INC COM SER C COM 530555309 240 8561 SH SOLE 8561 0 0 LIBBEY INC COM 529898108 4691 551250 SH SOLE 551250 0 0 U S AIRWAYS GROUP INC COM 90341W108 177 29419 SH SOLE 29419 0 0 LONGS DRUG STORES CORP COM 543162101 80076 1058640 SH SOLE 1058640 0 0 LEAR CORP OPTION 521865105 2200 5775 SH PUT SOLE 5775 0 0 LEAP WIRELESS INTL INC COM 521863308 314 8242 SH SOLE 8242 0 0 LEGGETT & PLATT INC COM 524660107 789 36217 SH SOLE 36217 0 0 LEHMAN BROS HLDGS INC 7.25%CON COM 52523J453 291 291429 SH SOLE 291429 0 0 LEHMAN BROS HLDGS INC COM 524908100 458 2130927 SH SOLE 2130927 0 0 LEHMAN BROS HLDGS INC OPTION 524908100 1990 2774 SH PUT SOLE 2774 0 0 LENNAR CORP COM 526057104 1937 127536 SH SOLE 127536 0 0 LENNAR CORP OPTION 526057104 966 2616 SH PUT SOLE 2616 0 0 CHINA LIFE INS CO LTD SPON COM 16939P106 11549 207643 SH SOLE 207643 0 0 CHINA LIFE INS CO LTD SPON OPTION 16939P106 205 1570 SH CALL SOLE 1570 0 0 CHINA LIFE INS CO LTD SPON OPTION 16939P106 1198 1250 SH PUT SOLE 1250 0 0 LEGACY RESERVES LP UNIT LP INT COM 524707304 3790 220715 SH SOLE 220715 0 0 LEGG MASON INC UNIT 99/99/9999 COM 524901303 49386 1405000 SH SOLE 1405000 0 0 LIGAND PHARMACEUTICALS INC CL BCOM 53220K207 8296 2812281 SH SOLE 2812281 0 0 ISHARES TR DJ US REAL EST OPTION 464287739 739 975 SH PUT SOLE 975 0 0 GOLDCORP INC NEW OPTION 380956409 2164 1388 SH PUT SOLE 1388 0 0 LABORATORY CORP AMER HLDGS COM 50540R409 2021 29073 SH SOLE 29073 0 0 LINN ENERGY LLC UNIT LTD LIAB COM 536020100 7891 515770 SH SOLE 515770 0 0 LIBERTY MEDIA CORP NEW INT COM COM 53071M104 1591 123220 SH SOLE 123220 0 0 LIZ CLAIBORNE INC COM 539320101 1440 87673 SH SOLE 87673 0 0 ISHARES INC MSCI MEX INVEST OPTION 464286822 628 1260 SH CALL SOLE 1260 0 0 ISHARES INC MSCI MEX INVEST OPTION 464286822 1050 1250 SH PUT SOLE 1250 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 12767 129848 SH SOLE 129848 0 0 L-3 COMMUNICATIONS HLDGS INC OPTION 502424104 341 1034 SH PUT SOLE 1034 0 0 LINEAR TECHNOLOGY CORP COM 535678106 2686 87599 SH SOLE 87599 0 0 LINEAR TECHNOLOGY CORP OPTION 535678106 457 2017 SH PUT SOLE 2017 0 0 LILLY ELI & CO COM 532457108 71227 1617682 SH SOLE 1617682 0 0 LILLY ELI & CO OPTION 532457108 506 6507 SH CALL SOLE 6507 0 0 LILLY ELI & CO OPTION 532457108 12949 13533 SH PUT SOLE 13533 0 0 LEGG MASON INC COM 524901105 3219 84566 SH SOLE 84566 0 0 LIBERTY MEDIA CORP NEW ENT COM COM 53071M500 665 26645 SH SOLE 26645 0 0 LOCKHEED MARTIN CORP COM 539830109 9740 88816 SH SOLE 88816 0 0 LOCKHEED MARTIN CORP OPTION 539830109 259 673 SH PUT SOLE 673 0 0 LOCKHEED MARTIN CORP OPTION 539830109 270 402 SH CALL SOLE 402 0 0 LINCOLN NATL CORP IND COM 534187109 2609 60947 SH SOLE 60947 0 0 LINCARE HLDGS INC COM 532791100 268 8891 SH SOLE 8891 0 0 LINCARE HLDGS INC OPTION 532791100 206 350 SH CALL SOLE 350 0 0 CHENIERE ENERGY INC BOND CV 16411RAE9 238125 15000000 PRN SOLE 15000000 0 0 ALLIANT ENERGY CORP COM 018802108 294 9128 SH SOLE 9128 0 0 LORILLARD INC COM 544147101 3381 47512 SH SOLE 47512 0 0 LOGITECH INTL S A SHS COM H50430232 1102 47248 SH SOLE 47248 0 0 LOWES COS INC COM 548661107 17799 751348 SH SOLE 751348 0 0 LOWES COS INC OPTION 548661107 746 11635 SH CALL SOLE 11635 0 0 LOWES COS INC OPTION 548661107 2676 12311 SH PUT SOLE 12311 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page22 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- LG DISPLAY CO LTD SPONS COM 50186V102 709 55801 SH SOLE 55801 0 0 LOUISIANA PAC CORP COM 546347105 562 60408 SH SOLE 60408 0 0 ISHARES TR IBOXX INV CPBD COM 464287242 1600 17815 SH SOLE 17815 0 0 LAM RESEARCH CORP COM 512807108 1100 34931 SH SOLE 34931 0 0 LIBERTY PPTY TR SH BEN INT COM 531172104 434 11529 SH SOLE 11529 0 0 LSI CORPORATION COM 502161102 658 122748 SH SOLE 122748 0 0 LIMITED BRANDS INC COM 532716107 3641 210220 SH SOLE 210220 0 0 LIMITED BRANDS INC OPTION 532716107 2367 22476 SH PUT SOLE 22476 0 0 LIFE TIME FITNESS INC COM 53217R207 1293 41359 SH SOLE 41359 0 0 LUCENT TECHNOLOGIES INC DBCV 2 BOND CV 549463AH0 208125 2999999 PRN SOLE 2999999 0 0 LEUCADIA NATL CORP COM 527288104 2700 59417 SH SOLE 59417 0 0 SOUTHWEST AIRLS CO COM 844741108 1670 115070 SH SOLE 115070 0 0 LUXOTTICA GROUP S P A COM 55068R202 2140 93100 SH SOLE 93100 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 754 279302 SH SOLE 279302 0 0 LAS VEGAS SANDS CORP COM 517834107 651 18016 SH SOLE 18016 0 0 LAWSON SOFTWARE INC NEW COM 52078P102 146 20844 SH SOLE 20844 0 0 LEXMARK INTL NEW COM 529771107 1065 32687 SH SOLE 32687 0 0 LEXINGTON REALTY TRUST PFD CON COM 529043309 32044 955100 SH SOLE 955100 0 0 LLOYDS TSB GROUP PLC COM 539439109 281 16794 SH SOLE 16794 0 0 LIVE NATION INC COM 538034109 178 10960 SH SOLE 10960 0 0 MACYS INC COM 55616P104 17492 972868 SH SOLE 972868 0 0 MASTERCARD INC COM 57636Q104 34997 197356 SH SOLE 197356 0 0 MASTERCARD INC OPTION 57636Q104 4364 954 SH CALL SOLE 954 0 0 MASTERCARD INC OPTION 57636Q104 33221 7205 SH PUT SOLE 7205 0 0 MACERICH CO COM 554382101 597 9372 SH SOLE 9372 0 0 MANPOWER INC COM 56418H100 5735 132888 SH SOLE 132888 0 0 MARRIOTT INTL INC NEW COM 571903202 2011 77076 SH SOLE 77076 0 0 MASCO CORP COM 574599106 1742 97075 SH SOLE 97075 0 0 MATTEL INC COM 577081102 1859 103037 SH SOLE 103037 0 0 MATTHEWS INTL CORP COM 577128101 241 4743 SH SOLE 4743 0 0 MBIA INC COM 55262C100 1268 106588 SH SOLE 106588 0 0 MBIA INC OPTION 55262C100 991 2555 SH PUT SOLE 2555 0 0 MOBILE TELESYSTEMS OJSC COM 607409109 12033 214842 SH SOLE 214842 0 0 MCDONALDS CORP COM 580135101 53834 872515 SH SOLE 872515 0 0 MCDONALDS CORP OPTION 580135101 1170 8815 SH PUT SOLE 8815 0 0 MCDONALDS CORP OPTION 580135101 6945 7945 SH CALL SOLE 7945 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 2470 83915 SH SOLE 83915 0 0 MCKESSON CORP COM 58155Q103 4005 74422 SH SOLE 74422 0 0 MOODYS CORP COM 615369105 2084 61283 SH SOLE 61283 0 0 MICROS SYS INC COM 594901100 417 15623 SH SOLE 15623 0 0 M D C HLDGS INC COM 552676108 1612 44063 SH SOLE 44063 0 0 MEREDITH CORP COM 589433101 2512 89570 SH SOLE 89570 0 0 MCDERMOTT INTL INC COM 580037109 698 27301 SH SOLE 27301 0 0 ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 3846 309181 SH SOLE 309181 0 0 MEDTRONIC INC COM 585055106 35038 699369 SH SOLE 699369 0 0 MEDTRONIC INC OPTION 585055106 557 3878 SH CALL SOLE 3878 0 0 MEDTRONIC INC OPTION 585055106 2269 6064 SH PUT SOLE 6064 0 0 MDU RES GROUP INC COM 552690109 14928 514742 SH SOLE 514742 0 0 MIDCAP SPDR TR UNIT SER 1 COM 595635103 153115 1161725 SH SOLE 1161725 0 0 MEDAREX INC COM 583916101 104 16078 SH SOLE 16078 0 0 MASSEY ENERGY CORP COM 576206106 313 8763 SH SOLE 8763 0 0 MENTOR GRAPHICS CORP COM 587200106 167 14737 SH SOLE 14737 0 0 MERRILL LYNCH & CO INC COM 590188108 64798 2561187 SH SOLE 2561187 0 0 MERRILL LYNCH & CO INC OPTION 590188108 2667 19268 SH CALL SOLE 19268 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page23 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MERRILL LYNCH & CO INC OPTION 590188108 27184 23133 SH PUT SOLE 23133 0 0 MESA AIR GROUP INC BOND CV 590479AD3 76500 25500000 PRN SOLE 25500000 0 0 METLIFE INC COM 59156R108 20040 357863 SH SOLE 357863 0 0 METLIFE INC OPTION 59156R108 3893 5376 SH PUT SOLE 5376 0 0 METLIFE INC UNIT 02/15/2010 COM 59156R702 1252 100000 SH SOLE 100000 0 0 MFA MTG INVTS INC COM 55272X102 3551 546342 SH SOLE 546342 0 0 MCAFEE INC COM 579064106 343 10106 SH SOLE 10106 0 0 MAGNA INTL INC COM 559222401 727 14200 SH SOLE 14200 0 0 MAGELLAN HEALTH SVCS INC COM 559079207 794 19329 SH SOLE 19329 0 0 MGM MIRAGE COM 552953101 204 7173 SH SOLE 7173 0 0 MGM MIRAGE OPTION 552953101 6128 3350 SH PUT SOLE 3350 0 0 MOHAWK INDS INC COM 608190104 1015 15055 SH SOLE 15055 0 0 MCGRAW HILL COS INC COM 580645109 3417 108114 SH SOLE 108114 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 7501 166678 SH SOLE 166678 0 0 MEDCO HEALTH SOLUTIONS INC OPTION 58405U102 333 438 SH PUT SOLE 438 0 0 MARSHALL & ILSLEY CORP NEW COM 571837103 1761 87371 SH SOLE 87371 0 0 MILLICOM INTL CELLULAR S A SHS COM L6388F110 1092 15901 SH SOLE 15901 0 0 MILLIPORE CORP COM 601073109 1095 15911 SH SOLE 15911 0 0 MIRANT CORP NEW COM 60467R100 235376 12869095 SH SOLE 12869095 0 0 MIRANT CORP NEW OPTION 60467R100 11202 8002 SH PUT SOLE 8002 0 0 MIRANT CORP NEW *W EXP 01/03/2 COM 60467R118 4000 1000000 SH SOLE 1000000 0 0 MCCORMICK & CO INC COM NON VTG COM 579780206 1430 37203 SH SOLE 37203 0 0 MKS INSTRUMENT INC COM 55306N104 456 22903 SH SOLE 22903 0 0 MILLER HERMAN INC COM 600544100 264 10799 SH SOLE 10799 0 0 MARTIN MARIETTA MATLS INC COM 573284106 11847 105794 SH SOLE 105794 0 0 MARSH & MCLENNAN COS INC COM 571748102 3613 113748 SH SOLE 113748 0 0 3M CO COM 88579Y101 27849 407686 SH SOLE 407686 0 0 3M CO OPTION 88579Y101 466 4174 SH CALL SOLE 4174 0 0 3M CO OPTION 88579Y101 6789 7011 SH PUT SOLE 7011 0 0 MCMORAN EXPLORATION CO PFD MAN COM 582411500 18773 120000 SH SOLE 120000 0 0 MAXIMUS INC COM 577933104 742 20153 SH SOLE 20153 0 0 MONSTER WORLDWIDE INC COM 611742107 1978 132645 SH SOLE 132645 0 0 ALTRIA GROUP INC COM 02209S103 42308 2132449 SH SOLE 2132449 0 0 ALTRIA GROUP INC OPTION 02209S103 448 1000 SH CALL SOLE 1000 0 0 ALTRIA GROUP INC OPTION 02209S103 4409 22467 SH CALL SOLE 22467 0 0 ALTRIA GROUP INC OPTION 02209S103 5426 13916 SH PUT SOLE 13916 0 0 MOOG INC COM 615394202 270 6286 SH SOLE 6286 0 0 MOLEX INC COM 608554101 628 27975 SH SOLE 27975 0 0 MONSANTO CO NEW COM 61166W101 57312 579025 SH SOLE 579025 0 0 MONSANTO CO NEW OPTION 61166W101 5792 5326 SH PUT SOLE 5326 0 0 MONSANTO CO NEW OPTION 61166W101 793 1460 SH CALL SOLE 1460 0 0 MOSAIC CO COM 61945A107 3796 55813 SH SOLE 55813 0 0 MOSAIC CO OPTION 61945A107 543 724 SH CALL SOLE 724 0 0 MOTOROLA INC COM 620076109 48302 6765007 SH SOLE 6765007 0 0 MOTOROLA INC OPTION 620076109 320 29567 SH CALL SOLE 29567 0 0 MOTOROLA INC OPTION 620076109 3850 9311 SH PUT SOLE 9311 0 0 MPS GROUP INC COM 553409103 143 14171 SH SOLE 14171 0 0 MERCK & CO INC COM 589331107 94715 3001113 SH SOLE 3001113 0 0 MERCK & CO INC OPTION 589331107 991 16872 SH CALL SOLE 16872 0 0 MERCK & CO INC OPTION 589331107 21740 28736 SH PUT SOLE 28736 0 0 MARATHON OIL CORP COM 565849106 16493 413675 SH SOLE 413675 0 0 MARATHON OIL CORP OPTION 565849106 556 1500 SH PUT SOLE 1500 0 0 MARATHON OIL CORP OPTION 565849106 2309 4930 SH PUT SOLE 4930 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 6385 686530 SH SOLE 686530 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page24 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MEDICIS PHARMACEUTICAL CORP COM 584690309 2414 161908 SH SOLE 161908 0 0 MORGAN STANLEY COM 617446448 35458 1541650 SH SOLE 1541650 0 0 MORGAN STANLEY OPTION 617446448 866 13421 SH CALL SOLE 13421 0 0 MORGAN STANLEY OPTION 617446448 57184 32594 SH PUT SOLE 32594 0 0 MICROSEMI CORP COM 595137100 500 19628 SH SOLE 19628 0 0 MICROSOFT CORP COM 594918104 248804 9321985 SH SOLE 9321985 0 0 MICROSOFT CORP OPTION 594918104 440 1000 SH PUT SOLE 1000 0 0 MICROSOFT CORP OPTION 594918104 12245 96744 SH CALL SOLE 96744 0 0 MICROSOFT CORP OPTION 594918104 660 1000 SH CALL SOLE 1000 0 0 MICROSOFT CORP OPTION 594918104 46593 135770 SH PUT SOLE 135770 0 0 MICROSTRATEGY INC COM 594972408 452 7591 SH SOLE 7591 0 0 ARCELORMITTAL SA LUXEMBOURG NY COM 03938L104 7425 150367 SH SOLE 150367 0 0 M & T BK CORP COM 55261F104 1642 18394 SH SOLE 18394 0 0 MGIC INVT CORP WIS COM 552848103 156 22244 SH SOLE 22244 0 0 MGIC INVT CORP WIS OPTION 552848103 277 469 SH PUT SOLE 469 0 0 MECHEL OAO COM 583840103 1736 96648 SH SOLE 96648 0 0 MATTSON TECHNOLOGY INC COM 577223100 455 96284 SH SOLE 96284 0 0 MANITOWOC INC COM 563571108 980 63006 SH SOLE 63006 0 0 MINERALS TECHNOLOGIES INC COM 603158106 638 10749 SH SOLE 10749 0 0 MICRON TECHNOLOGY INC COM 595112103 584 144254 SH SOLE 144254 0 0 MICRON TECHNOLOGY INC BOND CV 595112AH6 443250 9000000 PRN SOLE 9000000 0 0 MURPHY OIL CORP COM 626717102 27738 432455 SH SOLE 432455 0 0 MURPHY OIL CORP OPTION 626717102 1567 1888 SH PUT SOLE 1888 0 0 MV OIL TR TR UNITS COM 553859109 6953 473984 SH SOLE 473984 0 0 MACROVISION SOLUTIONS CORP COM 55611C108 554 35991 SH SOLE 35991 0 0 MEADWESTVACO CORP COM 583334107 794 34073 SH SOLE 34073 0 0 MYRIAD GENETICS INC COM 62855J104 5604 86370 SH SOLE 86370 0 0 MYRIAD GENETICS INC OPTION 62855J104 338 3255 SH PUT SOLE 3255 0 0 MYLAN INC COM 628530107 1443 126325 SH SOLE 126325 0 0 MYLAN INC BOND CV 628530AG2 845625 11000000 PRN SOLE 11000000 0 0 MYLAN INC PFD CONV COM 628530206 48270 61490 SH SOLE 61490 0 0 NAVISTAR INTL CORP NEW COM 63934E108 213 3930 SH SOLE 3930 0 0 NEUBERGER BERMAN INTER MUNI COM 64124P101 269 23586 SH SOLE 23586 0 0 NOBLE ENERGY INC COM 655044105 1731 31144 SH SOLE 31144 0 0 NABORS INDUSTRIES LTD SHS COM G6359F103 5784 232105 SH SOLE 232105 0 0 NABORS INDUSTRIES LTD SHS OPTION G6359F103 1088 1597 SH PUT SOLE 1597 0 0 NEUBERGER BERMAN CA INT MUN COM 64123C101 150 12800 SH SOLE 12800 0 0 NATIONAL CITY CORP COM 635405103 2700 1542723 SH SOLE 1542723 0 0 NATIONAL CITY CORP OPTION 635405103 688 2700 SH PUT SOLE 2700 0 0 NOVA CHEMICALS CORP OPTION 66977W109 3790 8830 SH PUT SOLE 8830 0 0 NASDAQ OMX GROUP INC COM 631103108 349 11417 SH SOLE 11417 0 0 NORDSON CORP COM 655663102 240 4887 SH SOLE 4887 0 0 NOBLE CORPORATION SHS COM G65422100 6615 150691 SH SOLE 150691 0 0 NEWMONT MINING CORP COM 651639106 16631 429082 SH SOLE 429082 0 0 NEWMONT MINING CORP OPTION 651639106 2246 8297 SH CALL SOLE 8297 0 0 NEWMONT MINING CORP OPTION 651639106 14680 11849 SH PUT SOLE 11849 0 0 NFJ DIVID INT & PREM STRTGY CO COM 65337H109 408 25068 SH SOLE 25068 0 0 NETFLIX INC COM 64110L106 605 19579 SH SOLE 19579 0 0 NEWFIELD EXPL CO COM 651290108 4723 147655 SH SOLE 147655 0 0 NATIONWIDE HEALTH PPTYS INC COM 638620104 220 6121 SH SOLE 6121 0 0 NATIONWIDE HEALTH PPTYS INC PF COM 638620302 9632 61349 SH SOLE 61349 0 0 NISOURCE INC COM 65473P105 1303 88270 SH SOLE 88270 0 0 NII HLDGS INC CL B COM 62913F201 2742 72317 SH SOLE 72317 0 0 NII HLDGS INC CL B OPTION 62913F201 840 382 SH PUT SOLE 382 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page25 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NEW JERSEY RES COM 646025106 248 6897 SH SOLE 6897 0 0 NIKE INC CL B COM 654106103 12525 187227 SH SOLE 187227 0 0 NIKE INC CL B OPTION 654106103 981 2814 SH PUT SOLE 2814 0 0 NIKE INC CL B OPTION 654106103 845 1391 SH CALL SOLE 1391 0 0 NALCO HOLDING COMPANY COM 62985Q101 225 12143 SH SOLE 12143 0 0 ANNALY CAP MGMT INC COM 035710409 9977 741801 SH SOLE 741801 0 0 NMT MED INC COM 629294109 107 34310 SH SOLE 34310 0 0 NMT MED INC OPTION 629294109 331 377 SH PUT SOLE 377 0 0 NOBLE CORPORATION SHS OPTION G65422100 343 442 SH PUT SOLE 442 0 0 NORTHROP GRUMMAN CORP COM 666807102 7901 130506 SH SOLE 130506 0 0 NOKIA CORP COM 654902204 23640 1267577 SH SOLE 1267577 0 0 NOKIA CORP OPTION 654902204 302 8176 SH CALL SOLE 8176 0 0 NOKIA CORP OPTION 654902204 3566 7688 SH PUT SOLE 7688 0 0 NATIONAL OILWELL VARCO INC COM 637071101 13570 270157 SH SOLE 270157 0 0 NATIONAL OILWELL VARCO INC OPTION 637071101 247 1700 SH CALL SOLE 1700 0 0 NATIONAL OILWELL VARCO INC OPTION 637071101 2725 959 SH PUT SOLE 959 0 0 NOVELL INC COM 670006105 1510 293776 SH SOLE 293776 0 0 NOVELL INC OPTION 670006105 460 2000 SH PUT SOLE 2000 0 0 NOVELL INC DBCV 0.500% 7/1 BOND CV 670006AC9 558750 5999999 PRN SOLE 5999999 0 0 NEUBERGER BERMAN INCOME OPP CO COM 64126L108 115 14815 SH SOLE 14815 0 0 NRG ENERGY INC COM 629377508 1059 42790 SH SOLE 42790 0 0 NRG ENERGY INC OPTION 629377508 9360 7725 SH PUT SOLE 7725 0 0 NRG ENERGY INC PFD CONV MAND COM 629377870 22836 98747 SH SOLE 98747 0 0 NEUBERGER BERMAN RE ES SEC F COM 64190A103 192 26800 SH SOLE 26800 0 0 NATURAL RESOURCE PARTNERS L CO COM 63900P103 1988 78500 SH SOLE 78500 0 0 NORFOLK SOUTHERN CORP COM 655844108 9981 150744 SH SOLE 150744 0 0 NORFOLK SOUTHERN CORP OPTION 655844108 749 1908 SH PUT SOLE 1908 0 0 NORFOLK SOUTHERN CORP OPTION 655844108 1239 1530 SH CALL SOLE 1530 0 0 NUVEEN SR INCOME FD COM 67067Y104 850 179000 SH SOLE 179000 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 13910 808241 SH SOLE 808241 0 0 NATIONAL SEMICONDUCTOR CORP OPTION 637640103 526 1236 SH PUT SOLE 1236 0 0 NEUSTAR INC COM 64126X201 480 24142 SH SOLE 24142 0 0 NORTEL NETWORKS CORP NEW COM 656568508 308 137377 SH SOLE 137377 0 0 NORTEL NETWORKS CORP NEW OPTION 656568508 1120 4000 SH PUT SOLE 4000 0 0 NETAPP INC COM 64110D104 27339 1499657 SH SOLE 1499657 0 0 NETAPP INC OPTION 64110D104 1536 1915 SH PUT SOLE 1915 0 0 NATCO GROUP INC COM 63227W203 377 9375 SH SOLE 9375 0 0 NUTRI SYS INC NEW COM 67069D108 2263 127699 SH SOLE 127699 0 0 NORTHERN TR CORP COM 665859104 3145 43559 SH SOLE 43559 0 0 NIPPON TELEG & TEL CORP COM 654624105 3710 164808 SH SOLE 164808 0 0 NBTY INC COM 628782104 1008 34140 SH SOLE 34140 0 0 NORTHEAST UTILS COM 664397106 32206 1255581 SH SOLE 1255581 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 376 30858 SH SOLE 30858 0 0 NUCOR CORP COM 670346105 14424 365167 SH SOLE 365167 0 0 NUCOR CORP OPTION 670346105 361 3287 SH CALL SOLE 3287 0 0 NUCOR CORP OPTION 670346105 6035 3087 SH PUT SOLE 3087 0 0 NUVASIVE INC COM 670704105 230 4658 SH SOLE 4658 0 0 NVIDIA CORP COM 67066G104 14524 1356109 SH SOLE 1356109 0 0 NVIDIA CORP OPTION 67066G104 2413 6749 SH PUT SOLE 6749 0 0 NOVELLUS SYS INC COM 670008101 1255 63899 SH SOLE 63899 0 0 NOVO-NORDISK A S COM 670100205 3160 61713 SH SOLE 61713 0 0 NVR INC COM 62944T105 467 816 SH SOLE 816 0 0 NOVARTIS A G COM 66987V109 3136 59352 SH SOLE 59352 0 0 NOVATEL WIRELESS INC COM 66987M604 293 48343 SH SOLE 48343 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page26 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NETWORK EQUIP TECHNOLOGIES COM 641208103 61 17861 SH SOLE 17861 0 0 NETWORK EQUIP TECHNOLOGIES BOND CV 641208AB9 118260 2000000 PRN SOLE 2000000 0 0 NEWELL RUBBERMAID INC COM 651229106 2153 124739 SH SOLE 124739 0 0 NORTHWEST NAT GAS CO COM 667655104 212 4081 SH SOLE 4081 0 0 NEWS CORP CL B COM 65248E203 11307 930628 SH SOLE 930628 0 0 NEWS CORP COM 65248E104 53138 4431849 SH SOLE 4431849 0 0 NEWS CORP OPTION 65248E104 849 2831 SH PUT SOLE 2831 0 0 NEXEN INC COM 65334H102 10221 440000 SH SOLE 440000 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 1678 99929 SH SOLE 99929 0 0 NEW YORK CMNTY CAP TR V BONUSESCOM 64944P307 3900 100000 SH SOLE 100000 0 0 NEW YORK TIMES CO COM 650111107 308 21519 SH SOLE 21519 0 0 NYSE EURONEXT COM 629491101 3215 82051 SH SOLE 82051 0 0 NYSE EURONEXT OPTION 629491101 446 218 SH PUT SOLE 218 0 0 OCWEN FINL CORP BOND CV 675746AD3 441250 5000000 PRN SOLE 5000000 0 0 OFFICE DEPOT INC COM 676220106 465 79963 SH SOLE 79963 0 0 ISHARES TR S&P 100 IDX FD COM 464287101 34461 649721 SH SOLE 649721 0 0 OMEGA HEALTHCARE INVS INC COM 681936100 321 16349 SH SOLE 16349 0 0 OWENS ILL INC COM 690768403 262 8898 SH SOLE 8898 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTCOM 678002106 27676 188654 SH SOLE 188654 0 0 OCEANEERING INTL INC COM 675232102 340 6385 SH SOLE 6385 0 0 ONEOK INC NEW COM 682680103 266 7733 SH SOLE 7733 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTOPTION 678002106 817 4917 SH CALL SOLE 4917 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTOPTION 678002106 18640 10237 SH PUT SOLE 10237 0 0 OLIN CORP PAR $1 COM 680665205 725 37354 SH SOLE 37354 0 0 OMNICOM GROUP INC COM 681919106 5064 131331 SH SOLE 131331 0 0 OMNICOM GROUP INC OPTION 681919106 248 1160 SH PUT SOLE 1160 0 0 OM GROUP INC COM 670872100 992 44079 SH SOLE 44079 0 0 OWENS & MINOR INC NEW COM 690732102 289 5957 SH SOLE 5957 0 0 OFFICEMAX INC DEL COM 67622P101 93 10448 SH SOLE 10448 0 0 ONYX PHARMACEUTICALS INC COM 683399109 4521 124952 SH SOLE 124952 0 0 ONYX PHARMACEUTICALS INC OPTION 683399109 209 4367 SH PUT SOLE 4367 0 0 ONYX PHARMACEUTICALS INC OPTION 683399109 352 2400 SH CALL SOLE 2400 0 0 ORBITAL SCIENCES CORP COM 685564106 216 9020 SH SOLE 9020 0 0 ORACLE CORP COM 68389X105 29990 1476607 SH SOLE 1476607 0 0 ORACLE CORP OPTION 68389X105 5169 41648 SH PUT SOLE 41648 0 0 ORACLE CORP OPTION 68389X105 5650 27172 SH CALL SOLE 27172 0 0 OLD REP INTL CORP COM 680223104 6229 488521 SH SOLE 488521 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 487 8344 SH SOLE 8344 0 0 OSI PHARMACEUTICALS INC COM 671040103 1058 21460 SH SOLE 21460 0 0 OSHKOSH CORP COM 688239201 1951 148278 SH SOLE 148278 0 0 OPEN TEXT CORP COM 683715106 425 12300 SH SOLE 12300 0 0 OMNIVISION TECHNOLOGIES INC COM 682128103 481 42156 SH SOLE 42156 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 44260 628254 SH SOLE 628254 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 4076 5844 SH CALL SOLE 5844 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 9337 9749 SH PUT SOLE 9749 0 0 OCH ZIFF CAP MGMT GROUP COM 67551U105 15781 1350000 SH SOLE 1350000 0 0 PLAINS ALL AMERN PIPELINE L UN COM 726503105 3962 100000 SH SOLE 100000 0 0 GPO AEROPORTUARIO DEL PAC SA S COM 400506101 458 17900 SH SOLE 17900 0 0 PACER INTL INC TENN COM 69373H106 568 34513 SH SOLE 34513 0 0 PALM INC NEW COM 696643105 72 12033 SH SOLE 12033 0 0 VERIFONE HLDGS INC COM 92342Y109 1042 63000 SH SOLE 63000 0 0 PAYCHEX INC COM 704326107 4456 134901 SH SOLE 134901 0 0 PEOPLES UNITED FINANCIAL INC COM 712704105 2390 124141 SH SOLE 124141 0 0 POWERSHARES ETF TRUST DYN BIOT COM 73935X856 905 50000 SH SOLE 50000 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page27 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PIONEER MUN & EQUITY INCOME COM 723761102 4939 441788 SH SOLE 441788 0 0 PEPSI BOTTLING GROUP INC COM 713409100 11290 387040 SH SOLE 387040 0 0 PITNEY BOWES INC COM 724479100 1716 51588 SH SOLE 51588 0 0 PETROLEO BRASILEIRO SA PETRO COM 71654V408 70655 1607630 SH SOLE 1607630 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 560 7610 SH CALL SOLE 7610 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 714 1623 SH PUT SOLE 1623 0 0 PETROLEO BRASILEIRO SA PETRO SPCOM 71654V101 27784 742486 SH SOLE 742486 0 0 PACCAR INC COM 693718108 5092 133323 SH SOLE 133323 0 0 PACCAR INC OPTION 693718108 270 132 SH PUT SOLE 132 0 0 PG&E CORP COM 69331C108 41884 1118386 SH SOLE 1118386 0 0 PLUM CREEK TIMBER CO INC COM 729251108 1715 34394 SH SOLE 34394 0 0 PRICELINE COM INC COM 741503403 1438 21020 SH SOLE 21020 0 0 PRECISION CASTPARTS CORP COM 740189105 2897 36773 SH SOLE 36773 0 0 PERINI CORP COM 713839108 417 16160 SH SOLE 16160 0 0 METROPCS COMMUNICATIONS INC COM 591708102 166 11887 SH SOLE 11887 0 0 SOUTHERN COPPER CORP COM 84265V105 5161 270481 SH SOLE 270481 0 0 PETRO-CDA COM 71644E102 227 6800 SH SOLE 6800 0 0 PIONEER DRILLING CO COM 723655106 231 17405 SH SOLE 17405 0 0 PATTERSON COMPANIES INC COM 703395103 1136 37343 SH SOLE 37343 0 0 PRIDE INTL INC DEL COM 74153Q102 552 18629 SH SOLE 18629 0 0 HANCOCK JOHN PATRIOT PREM II C COM 41013T105 3547 511496 SH SOLE 511496 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 21012 640815 SH SOLE 640815 0 0 PENN NATL GAMING INC COM 707569109 1174 44181 SH SOLE 44181 0 0 PETROLEUM & RES CORP COM 716549100 540 18300 SH SOLE 18300 0 0 PEPSICO INC COM 713448108 94154 1321087 SH SOLE 1321087 0 0 PEPSICO INC OPTION 713448108 4439 17706 SH PUT SOLE 17706 0 0 PEPSICO INC OPTION 713448108 4689 10343 SH CALL SOLE 10343 0 0 PEROT SYS CORP COM 714265105 178 10267 SH SOLE 10267 0 0 PETSMART INC COM 716768106 356 14427 SH SOLE 14427 0 0 PFIZER INC COM 717081103 290348 15745556 SH SOLE 15745556 0 0 PFIZER INC OPTION 717081103 7851 134452 SH CALL SOLE 134452 0 0 PFIZER INC OPTION 717081103 87449 176127 SH PUT SOLE 176127 0 0 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 2585 59428 SH SOLE 59428 0 0 PIMCO FLOATING RATE INCOME F COM 72201H108 855 85065 SH SOLE 85065 0 0 PIMCO FLOATING RATE STRTGY F COM 72201J104 1147 120769 SH SOLE 120769 0 0 PROVIDENT FINL SVCS INC COM 74386T105 701 42456 SH SOLE 42456 0 0 PROCTER & GAMBLE CO COM 742718109 150337 2157230 SH SOLE 2157230 0 0 PROCTER & GAMBLE CO OPTION 742718109 8211 30227 SH PUT SOLE 30227 0 0 PROCTER & GAMBLE CO OPTION 742718109 7534 18275 SH CALL SOLE 18275 0 0 POWERSHARES ETF TRUST GOLDEN D COM 73935X401 1002 52586 SH SOLE 52586 0 0 PROGRESS ENERGY INC COM 743263105 3015 69906 SH SOLE 69906 0 0 PROGRESSIVE CORP OHIO COM 743315103 2736 157225 SH SOLE 157225 0 0 PARKER HANNIFIN CORP COM 701094104 3952 74557 SH SOLE 74557 0 0 PARKER HANNIFIN CORP OPTION 701094104 536 400 SH PUT SOLE 400 0 0 PIONEER FLOATING RATE TR COM 72369J102 1191 118991 SH SOLE 118991 0 0 PACHOLDER HIGH YIELD FD INC COM 693742108 430 66599 SH SOLE 66599 0 0 KONINKLIJKE PHILIPS ELECTRS NY COM 500472303 1746 64091 SH SOLE 64091 0 0 PULTE HOMES INC COM 745867101 1037 74201 SH SOLE 74201 0 0 PULTE HOMES INC OPTION 745867101 222 200 SH PUT SOLE 200 0 0 POWERSHARES ETF TRUST WATER RE COM 73935X575 9200 500000 SH SOLE 500000 0 0 POLARIS INDS INC COM 731068102 9202 202291 SH SOLE 202291 0 0 PARKER DRILLING CO COM 701081101 335 41816 SH SOLE 41816 0 0 PACKAGING CORP AMER COM 695156109 214 9214 SH SOLE 9214 0 0 PERKINELMER INC COM 714046109 697 27926 SH SOLE 27926 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page28 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- POSCO COM 693483109 626 6707 SH SOLE 6707 0 0 POLYCOM INC COM 73172K104 256 11059 SH SOLE 11059 0 0 PROLOGIS SH BEN INT COM 743410102 5839 141490 SH SOLE 141490 0 0 PROLOGIS BOND CV 743410AS1 3044062 42500000 PRN SOLE 42500000 0 0 PALL CORP COM 696429307 949 27596 SH SOLE 27596 0 0 PLANTRONICS INC NEW COM 727493108 471 20897 SH SOLE 20897 0 0 PHILIP MORRIS INTL INC COM 718172109 77031 1601485 SH SOLE 1601485 0 0 PHILIP MORRIS INTL INC OPTION 718172109 827 9520 SH CALL SOLE 9520 0 0 PHILIP MORRIS INTL INC OPTION 718172109 651 1181 SH PUT SOLE 1181 0 0 PMC-SIERRA INC COM 69344F106 98 13159 SH SOLE 13159 0 0 PMI GROUP INC COM 69344M101 581 196952 SH SOLE 196952 0 0 PMI GROUP INC OPTION 69344M101 1707 3221 SH PUT SOLE 3221 0 0 POWER MED INTERVENTIONS INC COM 739299105 5195 1623359 SH SOLE 1623359 0 0 PUTNAM MUN OPPORTUNITIES TR SH COM 746922103 332 32089 SH SOLE 32089 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173209 371 20185 SH SOLE 20185 0 0 PNC FINL SVCS GROUP INC COM 693475105 6658 89125 SH SOLE 89125 0 0 PNC FINL SVCS GROUP INC OPTION 693475105 540 430 SH PUT SOLE 430 0 0 PNC FINL SVCS GROUP INC OPTION 693475105 2724 1660 SH CALL SOLE 1660 0 0 PINNACLE ENTMT INC COM 723456109 257 33966 SH SOLE 33966 0 0 PENTAIR INC COM 709631105 287 8300 SH SOLE 8300 0 0 PINNACLE WEST CAP CORP COM 723484101 1255 36473 SH SOLE 36473 0 0 PIEDMONT NAT GAS INC COM 720186105 363 11346 SH SOLE 11346 0 0 PEPCO HOLDINGS INC COM 713291102 17157 748888 SH SOLE 748888 0 0 PORTLAND GEN ELEC CO COM 736508847 211 8931 SH SOLE 8931 0 0 POTASH CORP SASK INC COM 73755L107 1015 7688 SH SOLE 7688 0 0 PILGRIMS PRIDE CORP COM 721467108 198 79356 SH SOLE 79356 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 271 6552 SH SOLE 6552 0 0 PPG INDS INC COM 693506107 1997 34245 SH SOLE 34245 0 0 PHARMACEUTICAL HLDRS TR DEPOSI COM 71712A206 40205 605500 SH SOLE 605500 0 0 PHARMACEUTICAL HLDRS TR DEPOSI OPTION 71712A206 470 1000 SH PUT SOLE 1000 0 0 PPL CORP COM 69351T106 3531 95385 SH SOLE 95385 0 0 ING PRIME RATE TR SH BEN INT COM 44977W106 1689 389166 SH SOLE 389166 0 0 PETROQUEST ENERGY INC COM 716748108 332 21641 SH SOLE 21641 0 0 PARTNERRE LTD COM G6852T105 235 3444 SH SOLE 3444 0 0 PROGRESS SOFTWARE CORP COM 743312100 258 9941 SH SOLE 9941 0 0 PROSPERITY BANCSHARES INC COM 743606105 756 22229 SH SOLE 22229 0 0 PRUDENTIAL FINL INC COM 744320102 13527 187880 SH SOLE 187880 0 0 PRUDENTIAL FINL INC OPTION 744320102 339 1540 SH CALL SOLE 1540 0 0 PRUDENTIAL FINL INC OPTION 744320102 3463 1239 SH PUT SOLE 1239 0 0 PRUDENTIAL FINL INC BOND CV 744320AJ1 1982190 21000000 PRN SOLE 21000000 0 0 PRUDENTIAL FINL INC BOND CV 744320AG7 1467750 15000000 PRN SOLE 15000000 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 645 52509 SH SOLE 52509 0 0 PHARMACEUTICAL RES INC BOND CV 717125AC2 992875 11750001 PRN SOLE 11750001 0 0 PAREXEL INTL CORP COM 699462107 241 8405 SH SOLE 8405 0 0 PUBLIC STORAGE COM 74460D109 2970 29996 SH SOLE 29996 0 0 PUGET ENERGY INC NEW COM 745310102 15699 587965 SH SOLE 587965 0 0 PROSHARES TR SHORT QQQ PSHS COM 74347R602 7671 116700 SH SOLE 116700 0 0 COLLECTIVE BRANDS INC COM 19421W100 200 10934 SH SOLE 10934 0 0 PSYCHIATRIC SOLUTIONS INC COM 74439H108 528 13905 SH SOLE 13905 0 0 PORTUGAL TELECOM SGPS S A COM 737273102 407 40330 SH SOLE 40330 0 0 PATTERSON UTI ENERGY INC COM 703481101 242 12100 SH SOLE 12100 0 0 PETROCHINA CO LTD COM 71646E100 4536 44151 SH SOLE 44151 0 0 PETROCHINA CO LTD OPTION 71646E100 550 250 SH PUT SOLE 250 0 0 PACTIV CORP COM 695257105 629 25352 SH SOLE 25352 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page29 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PHILLIPS VAN HEUSEN CORP COM 718592108 1013 26725 SH SOLE 26725 0 0 POWERWAVE TECHNOLOGIES INC COM 739363109 51 12979 SH SOLE 12979 0 0 PRAXAIR INC COM 74005P104 5287 73701 SH SOLE 73701 0 0 PIONEER NAT RES CO COM 723787107 3442 65838 SH SOLE 65838 0 0 PLAINS EXPL& PRODTN CO COM 726505100 480 13639 SH SOLE 13639 0 0 PETROBRAS ENERGIA PARTCPTNS SP COM 71646M102 193 19625 SH SOLE 19625 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 1596 494233 SH SOLE 494233 0 0 QWEST COMMUNICATIONS INTL IN OPTION 749121109 1367 8040 SH PUT SOLE 8040 0 0 QUALCOMM INC COM 747525103 105869 2463783 SH SOLE 2463783 0 0 QUALCOMM INC OPTION 747525103 15118 34242 SH PUT SOLE 34242 0 0 QUALCOMM INC OPTION 747525103 6895 22580 SH CALL SOLE 22580 0 0 FLEXTRONICS INTL LTD OPTION Y2573F102 2770 8934 SH PUT SOLE 8934 0 0 PROSHARES TR ULTRASHORT QQQ COM 74347R875 30273 553238 SH SOLE 553238 0 0 PROSHARES TR ULTRA QQQ PSHS COM 74347R206 45407 866883 SH SOLE 866883 0 0 QLOGIC CORP COM 747277101 4454 289963 SH SOLE 289963 0 0 POWERSHARES QQQ TRUST UNIT SER COM 73935A104 523677 13458686 SH SOLE 13458686 0 0 QUEST SOFTWARE INC COM 74834T103 511 40304 SH SOLE 40304 0 0 RYDER SYS INC COM 783549108 372 6000 SH SOLE 6000 0 0 RACKABLE SYS INC COM 750077109 338 34417 SH SOLE 34417 0 0 RITE AID CORP OPTION 767754104 109 21809 SH CALL SOLE 21809 0 0 RITE AID CORP OPTION 767754104 1032 2400 SH PUT SOLE 2400 0 0 RAE SYS INC COM 75061P102 17 10251 SH SOLE 10251 0 0 REYNOLDS AMERICAN INC COM 761713106 3072 63186 SH SOLE 63186 0 0 BANKRATE INC COM 06646V108 9605 246847 SH SOLE 246847 0 0 RENT A CTR INC NEW COM 76009N100 204 9166 SH SOLE 9166 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 4252 204930 SH SOLE 204930 0 0 ROYAL CARIBBEAN CRUISES LTD OPTION V7780T103 16967 18860 SH PUT SOLE 18860 0 0 RCN CORP COM 749361200 5918 482685 SH SOLE 482685 0 0 ROWAN COS INC COM 779382100 986 32259 SH SOLE 32259 0 0 ROYAL DUTCH SHELL PLC SPONS COM 780259206 2020 34229 SH SOLE 34229 0 0 ROYAL DUTCH SHELL PLC SPON COM 780259107 523 9161 SH SOLE 9161 0 0 DR REDDYS LABS LTD COM 256135203 520 46665 SH SOLE 46665 0 0 EVEREST RE GROUP LTD COM G3223R108 407 4701 SH SOLE 4701 0 0 REGENCY CTRS CORP COM 758849103 597 8957 SH SOLE 8957 0 0 REPSOL YPF S A COM 76026T205 4538 153005 SH SOLE 153005 0 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 1202 125174 SH SOLE 125174 0 0 REGIONS FINANCIAL CORP NEW OPTION 7591EP100 392 400 SH PUT SOLE 400 0 0 RF MICRODEVICES INC COM 749941100 49 16637 SH SOLE 16637 0 0 REINSURANCE GROUP AMER INC COM 759351406 62496 1157325 SH SOLE 1157325 0 0 REINSURANCE GROUP AMER INC CL BCOM 759351505 37590 792699 SH SOLE 792699 0 0 REINSURANCE GROUP AMER INC PFD COM 759351307 20070 337315 SH SOLE 337315 0 0 REGAL ENTMT GROUP COM 758766109 6732 426586 SH SOLE 426586 0 0 ROBERT HALF INTL INC COM 770323103 1102 44528 SH SOLE 44528 0 0 RMR HOSPITALITY REAL ESTATE COM 74963J108 514 50000 SH SOLE 50000 0 0 TRANSOCEAN INC NEW SHS COM G90073100 47594 433304 SH SOLE 433304 0 0 RESEARCH IN MOTION LTD COM 760975102 20599 301591 SH SOLE 301591 0 0 COMPANHIA VALE DO RIO DOCE COM 204412209 157345 8216424 SH SOLE 8216424 0 0 COMPANHIA VALE DO RIO DOCE OPTION 204412209 222 10600 SH CALL SOLE 10600 0 0 COMPANHIA VALE DO RIO DOCE OPTION 204412209 11252 7500 SH PUT SOLE 7500 0 0 COMPANHIA VALE DO RIO DOCE SPONCOM 204412100 5299 299397 SH SOLE 299397 0 0 REGIONAL BK HOLDRS TR DEPOSITR COM 75902E100 123338 1149900 SH SOLE 1149900 0 0 ROCK-TENN CO COM 772739207 236 5907 SH SOLE 5907 0 0 POLO RALPH LAUREN CORP COM 731572103 2941 44135 SH SOLE 44135 0 0 RESMED INC COM 761152107 204 4742 SH SOLE 4742 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page30 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- RENAISSANCERE HOLDINGS LTD COM G7496G103 19902 382729 SH SOLE 382729 0 0 AARON RENTS INC COM 002535201 202 7472 SH SOLE 7472 0 0 ROGERS CORP COM 775133101 472 12772 SH SOLE 12772 0 0 ROHM & HAAS CO COM 775371107 94298 1348939 SH SOLE 1348939 0 0 ROCKWELL AUTOMATION INC COM 773903109 915 24516 SH SOLE 24516 0 0 ROPER INDS INC NEW COM 776696106 577 10138 SH SOLE 10138 0 0 ROSS STORES INC COM 778296103 1622 44060 SH SOLE 44060 0 0 RANGE RES CORP COM 75281A109 3755 87583 SH SOLE 87583 0 0 DONNELLEY R R & SONS CO COM 257867101 1313 53518 SH SOLE 53518 0 0 RELIANT ENERGY INC COM 75952B105 364 49476 SH SOLE 49476 0 0 RELIANT ENERGY INC OPTION 75952B105 11068 10450 SH PUT SOLE 10450 0 0 RELIANCE STEEL & ALUMINUM CO COM 759509102 952 25077 SH SOLE 25077 0 0 REPUBLIC SVCS INC COM 760759100 1098 36609 SH SOLE 36609 0 0 RADIOSHACK CORP COM 750438103 1116 64588 SH SOLE 64588 0 0 RYDEX ETF TRUST S&P 500 EQ TRD COM 78355W106 7829 206396 SH SOLE 206396 0 0 RETAIL HOLDRS TR DEP RCPT COM 76127U101 291932 3238654 SH SOLE 3238654 0 0 RETAIL HOLDRS TR DEP RCPT OPTION 76127U101 506 2612 SH CALL SOLE 2612 0 0 RETAIL HOLDRS TR DEP RCPT OPTION 76127U101 5944 10769 SH PUT SOLE 10769 0 0 RAYTHEON CO COM 755111507 11636 217461 SH SOLE 217461 0 0 RAYTHEON CO OPTION 755111507 211 704 SH PUT SOLE 704 0 0 RIO TINTO PLC COM 767204100 23146 92768 SH SOLE 92768 0 0 COHEN & STEERS REIT & UTIL I COM 19247Y108 1571 125300 SH SOLE 125300 0 0 RESEARCH IN MOTION LTD OPTION 760975102 1085 4076 SH CALL SOLE 4076 0 0 RIVERBED TECHNOLOGY INC COM 768573107 136 10889 SH SOLE 10889 0 0 IMS HEALTH INC COM 449934108 965 51052 SH SOLE 51052 0 0 ROYAL BK CDA MONTREAL QUE COM 780087102 764 15907 SH SOLE 15907 0 0 RYANAIR HLDGS PLC COM 783513104 5727 255331 SH SOLE 255331 0 0 CLAYMORE EXCHANGE TRADED FD JA COM 18383M613 6055 409023 SH SOLE 409023 0 0 RYLAND GROUP INC COM 783764103 576 21720 SH SOLE 21720 0 0 RAYONIER INC COM 754907103 2411 50914 SH SOLE 50914 0 0 SPRINT NEXTEL CORP COM SER 1 COM 852061100 12570 2060686 SH SOLE 2060686 0 0 SPRINT NEXTEL CORP COM SER 1 OPTION 852061100 570 1325 SH PUT SOLE 1325 0 0 BANCO SANTANDER CHILE NEW SP COM 05965X109 230 5376 SH SOLE 5376 0 0 SAP AKTIENGESELLSCHAFT COM 803054204 3315 62042 SH SOLE 62042 0 0 SAPIENT CORP COM 803062108 78 10526 SH SOLE 10526 0 0 SATYAM COMPUTER SERVICES LTD COM 804098101 3100 191949 SH SOLE 191949 0 0 SBA COMMUNICATIONS CORP COM 78388J106 953 36855 SH SOLE 36855 0 0 SALLY BEAUTY HLDGS INC COM 79546E104 87 10074 SH SOLE 10074 0 0 STARBUCKS CORP COM 855244109 26036 1750904 SH SOLE 1750904 0 0 STARBUCKS CORP OPTION 855244109 301 1038 SH PUT SOLE 1038 0 0 LMP CAP & INCOME FD INC COM 50208A102 486 42011 SH SOLE 42011 0 0 SCANA CORP NEW COM 80589M102 2285 58700 SH SOLE 58700 0 0 SCHWAB CHARLES CORP NEW COM 808513105 84038 3232236 SH SOLE 3232236 0 0 SYCAMORE NETWORKS INC COM 871206108 34 10534 SH SOLE 10534 0 0 SADIA S A SPON COM 786326108 380 40532 SH SOLE 40532 0 0 SPECTRA ENERGY CORP COM 847560109 2951 123978 SH SOLE 123978 0 0 SEALED AIR CORP NEW COM 81211K100 642 29183 SH SOLE 29183 0 0 SPARTECH CORP COM 847220209 866 87515 SH SOLE 87515 0 0 SEI INVESTMENTS CO COM 784117103 223 10067 SH SOLE 10067 0 0 SEPRACOR INC BOND CV 817315AW4 446250 5000000 PRN SOLE 5000000 0 0 SMITHFIELD FOODS INC COM 832248108 541 34060 SH SOLE 34060 0 0 SMITHFIELD FOODS INC OPTION 832248108 672 23532 SH CALL SOLE 23532 0 0 SMITHFIELD FOODS INC OPTION 832248108 11937 13565 SH PUT SOLE 13565 0 0 SHUTTERFLY INC COM 82568P304 374 38896 SH SOLE 38896 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page31 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SWIFT ENERGY CO COM 870738101 375 9693 SH SOLE 9693 0 0 SCHERING PLOUGH CORP COM 806605101 12350 668659 SH SOLE 668659 0 0 SCHERING PLOUGH CORP OPTION 806605101 341 7246 SH CALL SOLE 7246 0 0 SCHERING PLOUGH CORP OPTION 806605101 1533 3197 SH PUT SOLE 3197 0 0 SCHERING PLOUGH CORP PFD CONV COM 806605705 20543 120000 SH SOLE 120000 0 0 PROSHARES TR SHORT S&P 500 COM 74347R503 5121 70052 SH SOLE 70052 0 0 SEARS HLDGS CORP COM 812350106 9845 105297 SH SOLE 105297 0 0 SEARS HLDGS CORP OPTION 812350106 4490 977 SH PUT SOLE 977 0 0 SUNSTONE HOTEL INVS INC NEW COM 867892101 2070 153357 SH SOLE 153357 0 0 MADDEN STEVEN LTD COM 556269108 524 21156 SH SOLE 21156 0 0 SHERWIN WILLIAMS CO COM 824348106 1959 34271 SH SOLE 34271 0 0 ISHARES TR 1-3 YR TRS BD COM 464287457 1771 21200 SH SOLE 21200 0 0 SIEMENS A G COM 826197501 1546 16467 SH SOLE 16467 0 0 SIGMA ALDRICH CORP COM 826552101 1330 25369 SH SOLE 25369 0 0 COMPANHIA SIDERURGICA NACION COM 20440W105 36809 1731361 SH SOLE 1731361 0 0 SIGMA DESIGNS INC COM 826565103 389 27389 SH SOLE 27389 0 0 SMITH INTL INC COM 832110100 4271 72840 SH SOLE 72840 0 0 SILICON IMAGE INC COM 82705T102 349 65441 SH SOLE 65441 0 0 SINA CORP COM G81477104 46504 1321142 SH SOLE 1321142 0 0 SIRIUS XM RADIO INC COM 82967N108 847 1486796 SH SOLE 1486796 0 0 SVB FINL GROUP OPTION 78486Q101 216 300 SH CALL SOLE 300 0 0 SIX FLAGS INC COM 83001P109 10 14129 SH SOLE 14129 0 0 SIX FLAGS INC PIERS COM 83001P505 6763 1209856 SH SOLE 1209856 0 0 PROSHARES TR ULTRASHRT FINL COM 74347R628 65800 651546 SH SOLE 651546 0 0 SK TELECOM LTD COM 78440P108 2894 153770 SH SOLE 153770 0 0 TANGER FACTORY OUTLET CTRS I COM 875465106 370 8453 SH SOLE 8453 0 0 SCHLUMBERGER LTD COM 806857108 48772 624566 SH SOLE 624566 0 0 SCHLUMBERGER LTD OPTION 806857108 4175 8855 SH CALL SOLE 8855 0 0 SCHLUMBERGER LTD OPTION 806857108 11415 10287 SH PUT SOLE 10287 0 0 SARA LEE CORP COM 803111103 3047 241281 SH SOLE 241281 0 0 SL GREEN RLTY CORP COM 78440X101 13412 206980 SH SOLE 206980 0 0 SLM CORP COM 78442P106 1306 105825 SH SOLE 105825 0 0 STERLITE INDS INDIA LTD ADS COM 859737207 2047 227140 SH SOLE 227140 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTCOM 816636203 31045 1256883 SH SOLE 1256883 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTOPTION 816636203 1122 4020 SH PUT SOLE 4020 0 0 SNAP ON INC COM 833034101 681 12930 SH SOLE 12930 0 0 SHANDA INTERACTIVE ENTMT LTD COM 81941Q203 425 16615 SH SOLE 16615 0 0 SANDISK CORP COM 80004C101 2970 151930 SH SOLE 151930 0 0 SANDISK CORP OPTION 80004C101 644 1545 SH PUT SOLE 1545 0 0 SENIOR HSG PPTYS TR SH BEN INT COM 81721M109 208 8731 SH SOLE 8731 0 0 SCRIPPS NETWORKS INTERACT IN COM 811065101 749 20621 SH SOLE 20621 0 0 SMITH & NEPHEW PLC SPDN COM 83175M205 298 5608 SH SOLE 5608 0 0 CHINA PETE & CHEM CORP SPON COM 16941R108 745 9517 SH SOLE 9517 0 0 SYNOPSYS INC COM 871607107 331 16601 SH SOLE 16601 0 0 SANOFI AVENTIS COM 80105N105 8640 262852 SH SOLE 262852 0 0 SOUTHERN CO COM 842587107 19660 521633 SH SOLE 521633 0 0 SOLUTIA INC COM 834376501 146 10427 SH SOLE 10427 0 0 SONUS NETWORKS INC COM 835916107 51 17858 SH SOLE 17858 0 0 SOURCE CAP INC COM 836144105 567 11943 SH SOLE 11943 0 0 SOVEREIGN BANCORP INC COM 845905108 2726 690015 SH SOLE 690015 0 0 SIMON PPTY GROUP INC NEW COM 828806109 15507 159865 SH SOLE 159865 0 0 SIMON PPTY GROUP INC NEW OPTION 828806109 286 448 SH PUT SOLE 448 0 0 SIMON PPTY GROUP INC NEW PFD C COM 828806802 134149 1705000 SH SOLE 1705000 0 0 SILICONWARE PRECISION INDS L S COM 827084864 478 82897 SH SOLE 82897 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page32 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- STAPLES INC COM 855030102 5826 258933 SH SOLE 258933 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 698 22419 SH SOLE 22419 0 0 SPIRIT AEROSYSTEMS HLDGS INC C COM 848574109 302 18814 SH SOLE 18814 0 0 SPSS INC COM 78462K102 427 14542 SH SOLE 14542 0 0 SPX CORP COM 784635104 3089 40118 SH SOLE 40118 0 0 SUNPOWER CORP COM COM 867652109 2442 34432 SH SOLE 34432 0 0 SPDR TR UNIT SER 1 COM 78462F103 2597186 22391462 SH SOLE 22391462 0 0 SOCIEDAD QUIMICA MINERA DE C S COM 833635105 442 17513 SH SOLE 17513 0 0 STERICYCLE INC COM 858912108 1399 23742 SH SOLE 23742 0 0 SEMPRA ENERGY COM 816851109 48665 964238 SH SOLE 964238 0 0 SIERRA PAC RES NEW COM 826428104 2708 282723 SH SOLE 282723 0 0 PROSHARES TR REAL EST PRO COM 74347R552 1580 20526 SH SOLE 20526 0 0 SRS LABS INC COM 78464M106 55 10000 SH SOLE 10000 0 0 SMURFIT-STONE CONTAINER CORP COM 832727101 212 45181 SH SOLE 45181 0 0 SMURFIT-STONE CONTAINER CORP OPTION 832727101 1196 2174 SH PUT SOLE 2174 0 0 STAGE STORES INC COM 85254C305 595 43527 SH SOLE 43527 0 0 SASOL LTD COM 803866300 801 18846 SH SOLE 18846 0 0 SCRIPPS E W CO OHIO COM 811054402 1433 202659 SH SOLE 202659 0 0 SOVRAN SELF STORAGE INC COM 84610H108 303 6774 SH SOLE 6774 0 0 SEASPAN CORP SHS COM Y75638109 331 18300 SH SOLE 18300 0 0 BANCO SANTANDER SA COM 05964H105 2093 139342 SH SOLE 139342 0 0 STERIS CORP COM 859152100 280 7464 SH SOLE 7464 0 0 SUNTRUST BKS INC COM 867914103 84714 1882959 SH SOLE 1882959 0 0 SUNTRUST BKS INC OPTION 867914103 3650 6131 SH CALL SOLE 6131 0 0 SUNTRUST BKS INC OPTION 867914103 1023 1832 SH PUT SOLE 1832 0 0 ST JUDE MED INC COM 790849103 26647 612705 SH SOLE 612705 0 0 STEEL DYNAMICS INC COM 858119100 749 43821 SH SOLE 43821 0 0 STMICROELECTRONICS N V NY REGI COM 861012102 1165 114466 SH SOLE 114466 0 0 STATOILHYDRO ASA COM 85771P102 1180 49575 SH SOLE 49575 0 0 SUNTECH PWR HLDGS CO LTD COM 86800C104 1445 40281 SH SOLE 40281 0 0 QUESTAR CORP COM 748356102 2764 67535 SH SOLE 67535 0 0 STATE STR CORP COM 857477103 4658 81899 SH SOLE 81899 0 0 STATE STR CORP OPTION 857477103 1400 1000 SH PUT SOLE 1000 0 0 SEAGATE TECHNOLOGY SHS COM G7945J104 284 23458 SH SOLE 23458 0 0 SEAGATE TECHNOLOGY SHS OPTION G7945J104 1680 2000 SH PUT SOLE 2000 0 0 CONSTELLATION BRANDS INC COM 21036P108 989 46081 SH SOLE 46081 0 0 CONSTELLATION BRANDS INC OPTION 21036P108 394 1939 SH PUT SOLE 1939 0 0 SUNCOR ENERGY INC COM 867229106 22698 538637 SH SOLE 538637 0 0 SUNCOR ENERGY INC OPTION 867229106 311 2962 SH CALL SOLE 2962 0 0 SUNCOR ENERGY INC OPTION 867229106 3615 4241 SH PUT SOLE 4241 0 0 SUNOCO INC COM 86764P109 2624 73743 SH SOLE 73743 0 0 SUPERIOR INDS INTL INC COM 868168105 533 27842 SH SOLE 27842 0 0 SAVIENT PHARMACEUTICALS INC COM 80517Q100 4274 286677 SH SOLE 286677 0 0 SUPERVALU INC COM 868536103 1494 68867 SH SOLE 68867 0 0 SAVVIS INC BOND CV 805423AA8 662500 10000000 PRN SOLE 10000000 0 0 SOFTWARE HOLDRS TR DEPOSITRY R COM 83404B103 5468 138000 SH SOLE 138000 0 0 STANLEY WKS COM 854616109 853 20441 SH SOLE 20441 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 123 14732 SH SOLE 14732 0 0 SOUTHWESTERN ENERGY CO COM 845467109 2283 74769 SH SOLE 74769 0 0 SOUTHWEST GAS CORP COM 844895102 220 7283 SH SOLE 7283 0 0 SAFEWAY INC COM 786514208 3210 135336 SH SOLE 135336 0 0 SYBASE INC COM 871130100 352 11511 SH SOLE 11511 0 0 SPDR TR UNIT SER 1 OPTION 78462F103 13786 91458 SH CALL SOLE 91458 0 0 STRYKER CORP COM 863667101 5007 80374 SH SOLE 80374 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page33 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SYMANTEC CORP COM 871503108 10199 520904 SH SOLE 520904 0 0 SYMANTEC CORP OPTION 871503108 810 12309 SH PUT SOLE 12309 0 0 SYMANTEC CORP OPTION 871503108 621 8168 SH CALL SOLE 8168 0 0 SYMANTEC CORP BOND CV 871503AF5 3273750 30000000 PRN SOLE 30000000 0 0 SYNGENTA AG COM 87160A100 872 20600 SH SOLE 20600 0 0 SYSCO CORP COM 871829107 14188 460185 SH SOLE 460185 0 0 AT&T INC COM 00206R102 177855 6370165 SH SOLE 6370165 0 0 AT&T INC OPTION 00206R102 2299 46486 SH CALL SOLE 46486 0 0 AT&T INC OPTION 00206R102 23784 46429 SH PUT SOLE 46429 0 0 TAM SA SP COM 87484D103 1075 57002 SH SOLE 57002 0 0 MOLSON COORS BREWING CO CL B COM 60871R209 1625 34749 SH SOLE 34749 0 0 MOLSON COORS BREWING CO CL B OPTION 60871R209 215 250 SH PUT SOLE 250 0 0 TIMBERLAND CO COM 887100105 718 41349 SH SOLE 41349 0 0 TCF FINL CORP COM 872275102 241 13370 SH SOLE 13370 0 0 TECK COMINCO LTD CL B COM 878742204 952 32699 SH SOLE 32699 0 0 TATA COMMUNICATIONS LTD SPONS COM 876564105 932 44131 SH SOLE 44131 0 0 TERADATA CORP DEL COM 88076W103 1463 75034 SH SOLE 75034 0 0 TIDEWATER INC COM 886423102 803 14511 SH SOLE 14511 0 0 TELEDYNE TECHNOLOGIES INC COM 879360105 306 5349 SH SOLE 5349 0 0 TECO ENERGY INC COM 872375100 590 37507 SH SOLE 37507 0 0 TELEFONICA S A COM 879382208 1424 19914 SH SOLE 19914 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 690 13812 SH SOLE 13812 0 0 TYCO ELECTRONICS LTD COM G9144P105 6424 232264 SH SOLE 232264 0 0 TERADYNE INC COM 880770102 433 55418 SH SOLE 55418 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 6172 134792 SH SOLE 134792 0 0 TEVA PHARMACEUTICAL INDS LTD OPTION 881624209 377 1658 SH PUT SOLE 1658 0 0 TEREX CORP NEW COM 880779103 2038 66762 SH SOLE 66762 0 0 TARGET CORP COM 87612E106 530990 10825476 SH SOLE 10825476 0 0 TARGET CORP OPTION 87612E106 2278 16905 SH CALL SOLE 16905 0 0 TARGET CORP OPTION 87612E106 52933 85096 SH PUT SOLE 85096 0 0 TENET HEALTHCARE CORP COM 88033G100 533 95957 SH SOLE 95957 0 0 TENET HEALTHCARE CORP OPTION 88033G100 228 4560 SH PUT SOLE 4560 0 0 TIM HORTONS INC COM 88706M103 299 10086 SH SOLE 10086 0 0 THOR INDS INC COM 885160101 914 36839 SH SOLE 36839 0 0 THQ INC COM 872443403 157 13011 SH SOLE 13011 0 0 TELECOM ITALIA S P A NEW SPON COM 87927Y102 3235 216855 SH SOLE 216855 0 0 TIBCO SOFTWARE INC COM 88632Q103 579 79106 SH SOLE 79106 0 0 TITANIUM METALS CORP COM 888339207 160 14069 SH SOLE 14069 0 0 TIFFANY & CO NEW COM 886547108 5328 150001 SH SOLE 150001 0 0 TIFFANY & CO NEW OPTION 886547108 377 1704 SH PUT SOLE 1704 0 0 TELMEX INTERNACIONAL SAB DE SP COM 879690105 47254 3634900 SH SOLE 3634900 0 0 ISHARES TR US TIPS BD FD COM 464287176 2893 28556 SH SOLE 28556 0 0 TIVO INC COM 888706108 551 75320 SH SOLE 75320 0 0 TJX COS INC NEW COM 872540109 6865 224946 SH SOLE 224946 0 0 TURKCELL ILETISIM HIZMETLERI S COM 900111204 1026 68470 SH SOLE 68470 0 0 TURKISH INVT FD INC COM 900145103 107 10638 SH SOLE 10638 0 0 TIMKEN CO COM 887389104 274 9650 SH SOLE 9650 0 0 TICKETMASTER COM 88633P302 905 84389 SH SOLE 84389 0 0 TELLABS INC COM 879664100 3498 861556 SH SOLE 861556 0 0 TELLABS INC OPTION 879664100 43 12483 SH CALL SOLE 12483 0 0 TELLABS INC OPTION 879664100 2903 5005 SH PUT SOLE 5005 0 0 P T TELEKOMUNIKASI INDONESIA COM 715684106 633 21242 SH SOLE 21242 0 0 TALISMAN ENERGY INC COM 87425E103 5195 365364 SH SOLE 365364 0 0 TORCHMARK CORP COM 891027104 1108 18525 SH SOLE 18525 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page34 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- THERMO FISHER SCIENTIFIC INC COM 883556102 5740 104357 SH SOLE 104357 0 0 THOMSON COM 885118109 75 21200 SH SOLE 21200 0 0 TELEFONOS DE MEXICO S A B SPON COM 879403780 94786 3681003 SH SOLE 3681003 0 0 THOMAS & BETTS CORP COM 884315102 502 12852 SH SOLE 12852 0 0 TELE NORTE LESTE PART S A SPON COM 879246106 703 40236 SH SOLE 40236 0 0 TOLL BROTHERS INC COM 889478103 3107 123133 SH SOLE 123133 0 0 TOLL BROTHERS INC OPTION 889478103 884 2456 SH PUT SOLE 2456 0 0 TOP SHIPS INC COM Y8897Y305 773 166666 SH SOLE 166666 0 0 TOTAL S A COM 89151E109 8049 132639 SH SOLE 132639 0 0 TRIQUINT SEMICONDUCTOR INC COM 89674K103 89 18551 SH SOLE 18551 0 0 TREE COM INC COM 894675107 60 12378 SH SOLE 12378 0 0 THOMSON REUTERS CORP COM 884903105 1674 61400 SH SOLE 61400 0 0 TRICO MARINE SERVICES INC BOND CV 896106AQ4 1597750 22000000 PRN SOLE 22000000 0 0 PRICE T ROWE GROUP INC COM 74144T108 3172 59053 SH SOLE 59053 0 0 TRAVELERS COMPANIES INC COM 89417E109 89994 1991013 SH SOLE 1991013 0 0 TRW AUTOMOTIVE HLDGS CORP OPTION 87264S106 1552 1125 SH PUT SOLE 1125 0 0 TENARIS S A COM 88031M109 10209 273773 SH SOLE 273773 0 0 TRACTOR SUPPLY CO COM 892356106 933 22194 SH SOLE 22194 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 1507 160869 SH SOLE 160869 0 0 TYSON FOODS INC COM 902494103 1077 90237 SH SOLE 90237 0 0 TYSON FOODS INC OPTION 902494103 1701 6761 SH PUT SOLE 6761 0 0 TESORO CORP COM 881609101 1748 106013 SH SOLE 106013 0 0 TOTAL SYS SVCS INC COM 891906109 926 56462 SH SOLE 56462 0 0 TERRESTAR CORP COM 881451108 329 328695 SH SOLE 328695 0 0 TETRA TECH INC NEW COM 88162G103 204 8473 SH SOLE 8473 0 0 TELECOM HLDRS TR DEPOSITRY RCPTCOM 87927P200 2620 100000 SH SOLE 100000 0 0 TATA MTRS LTD COM 876568502 12148 1585965 SH SOLE 1585965 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 242 14781 SH SOLE 14781 0 0 TUPPERWARE BRANDS CORP COM 899896104 2697 97614 SH SOLE 97614 0 0 GRUPO TELEVISA SA DE CV SP COM 40049J206 1233 56372 SH SOLE 56372 0 0 TIME WARNER CABLE INC COM 88732J108 410 16947 SH SOLE 16947 0 0 TITAN INTL INC ILL COM 88830M102 303 14195 SH SOLE 14195 0 0 PROSHARES TR ULTSHT RUS2000 COM 74347R834 10720 149092 SH SOLE 149092 0 0 TW TELECOM INC COM 87311L104 449 43204 SH SOLE 43204 0 0 TIME WARNER INC COM 887317105 67015 5111755 SH SOLE 5111755 0 0 TIME WARNER INC OPTION 887317105 404 24831 SH CALL SOLE 24831 0 0 TIME WARNER INC OPTION 887317105 7924 24233 SH PUT SOLE 24233 0 0 TERNIUM SA SPON COM 880890108 489 27699 SH SOLE 27699 0 0 TEXAS INSTRS INC COM 882508104 30802 1432664 SH SOLE 1432664 0 0 TEXAS INSTRS INC OPTION 882508104 330 22045 SH CALL SOLE 22045 0 0 TEXAS INSTRS INC OPTION 882508104 9506 16682 SH PUT SOLE 16682 0 0 TEXTRON INC COM 883203101 83187 2841102 SH SOLE 2841102 0 0 TEXTRON INC OPTION 883203101 224 344 SH PUT SOLE 344 0 0 TRI CONTL CORP COM 895436103 17538 1200379 SH SOLE 1200379 0 0 TYCO INTL LTD BERMUDA SHS COM G9143X208 9501 271305 SH SOLE 271305 0 0 TYCO INTL LTD BERMUDA SHS OPTION G9143X208 721 2216 SH PUT SOLE 2216 0 0 UNDER ARMOUR INC COM 904311107 633 19932 SH SOLE 19932 0 0 UAL CORP COM 902549807 480 54633 SH SOLE 54633 0 0 UAL CORP OPTION 902549807 763 644 SH PUT SOLE 644 0 0 UNIBANCO-UNIAO DE BANCOS BRA G COM 90458E107 20329 201433 SH SOLE 201433 0 0 UNIBANCO-UNIAO DE BANCOS BRA G OPTION 90458E107 954 300 SH PUT SOLE 300 0 0 UBS AG SHS COM H89231338 3274 186661 SH SOLE 186661 0 0 UDR INC COM 902653104 436 16686 SH SOLE 16686 0 0 NET 1 UEPS TECHNOLOGIES INC COM 64107N206 564 25242 SH SOLE 25242 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page35 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FOSTER WHEELER LTD SHS OPTION G36535139 1905 1463 SH PUT SOLE 1463 0 0 DOMTAR CORP COM 257559104 133 28913 SH SOLE 28913 0 0 UGI CORP NEW COM 902681105 2180 84561 SH SOLE 84561 0 0 UNISYS CORP COM 909214108 1986 722250 SH SOLE 722250 0 0 UNISYS CORP OPTION 909214108 2394 8996 SH PUT SOLE 8996 0 0 UNILEVER PLC SPON COM 904767704 3078 113109 SH SOLE 113109 0 0 UNITED MICROELECTRONICS CORP S COM 910873405 317 162357 SH SOLE 162357 0 0 UNILEVER N V N Y SHS COM 904784709 5612 199300 SH SOLE 199300 0 0 UNITED STATES OIL FUND LP UNITSOPTION 91232N108 6655 2875 SH PUT SOLE 2875 0 0 UNITEDHEALTH GROUP INC COM 91324P102 14310 563616 SH SOLE 563616 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 549 7173 SH CALL SOLE 7173 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 1952 2842 SH PUT SOLE 2842 0 0 UNUM GROUP COM 91529Y106 1770 70507 SH SOLE 70507 0 0 UNION PAC CORP COM 907818108 8711 122416 SH SOLE 122416 0 0 UNION PAC CORP OPTION 907818108 2016 4351 SH PUT SOLE 4351 0 0 UNION PAC CORP OPTION 907818108 5117 3860 SH CALL SOLE 3860 0 0 UNIT CORP COM 909218109 376 7539 SH SOLE 7539 0 0 UNITED ONLINE INC COM 911268100 494 52513 SH SOLE 52513 0 0 ULTRA PETROLEUM CORP COM 903914109 451 8144 SH SOLE 8144 0 0 UNITED PARCEL SERVICE INC CL B COM 911312106 51913 825455 SH SOLE 825455 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 1125 8675 SH CALL SOLE 8675 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 3589 6289 SH PUT SOLE 6289 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 6156 28343 SH PUT SOLE 28343 0 0 URBAN OUTFITTERS INC COM 917047102 463 14518 SH SOLE 14518 0 0 URS CORP NEW COM 903236107 527 14380 SH SOLE 14380 0 0 LIBERTY ALL STAR EQUITY FD SH COM 530158104 3006 666593 SH SOLE 666593 0 0 US BANCORP DEL COM 902973304 58003 1610292 SH SOLE 1610292 0 0 US BANCORP DEL OPTION 902973304 2353 20610 SH PUT SOLE 20610 0 0 US BANCORP DEL OPTION 902973304 6202 13441 SH CALL SOLE 13441 0 0 UNITED STATES OIL FUND LP UNITSCOM 91232N108 11791 143780 SH SOLE 143780 0 0 UST INC COM 902911106 65446 983555 SH SOLE 983555 0 0 USEC INC COM 90333E108 275 50770 SH SOLE 50770 0 0 REAVES UTIL INCOME FD COM SH B COM 756158101 1682 100000 SH SOLE 100000 0 0 UTILITIES HOLDRS TR DEPOSITRY COM 918019100 32633 302800 SH SOLE 302800 0 0 UNITED THERAPEUTICS CORP DEL BOND CV 91307CAD4 360312 2500000 PRN SOLE 2500000 0 0 UNITED TECHNOLOGIES CORP COM 913017109 64477 1073543 SH SOLE 1073543 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 1447 9498 SH CALL SOLE 9498 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 4011 6078 SH PUT SOLE 6078 0 0 MARVELL TECHNOLOGY GROUP LTD OPTION G5876H105 2575 6890 SH PUT SOLE 6890 0 0 PROSHARES TR ULTRA FINL PRO COM 74347R743 42456 2420502 SH SOLE 2420502 0 0 VISA INC COM COM 92826C839 3449 56175 SH SOLE 56175 0 0 VISA INC COM OPTION 92826C839 9732 2760 SH PUT SOLE 2760 0 0 VARIAN MED SYS INC COM 92220P105 1316 23032 SH SOLE 23032 0 0 VISTEON CORP OPTION 92839U107 4520 18835 SH PUT SOLE 18835 0 0 VALUECLICK INC COM 92046N102 880 85990 SH SOLE 85990 0 0 VOTORANTIM CELULOSE E PAPEL COM 92906P106 905 58744 SH SOLE 58744 0 0 VEOLIA ENVIRONNEMENT COM 92334N103 2002 48496 SH SOLE 48496 0 0 V F CORP COM 918204108 1920 24836 SH SOLE 24836 0 0 VONAGE HLDGS CORP COM 92886T201 12 12334 SH SOLE 12334 0 0 VIACOM INC NEW CL B COM 92553P201 4070 163842 SH SOLE 163842 0 0 VIGNETTE CORP COM 926734401 406 37769 SH SOLE 37769 0 0 OPEN JT STK CO-VIMPEL COMMUN COM 68370R109 10847 534336 SH SOLE 534336 0 0 VIVO PARTICIPACOES S A SPON COM 92855S101 129 31100 SH SOLE 31100 0 0 MERIDIAN BIOSCIENCE INC COM 589584101 352 12117 SH SOLE 12117 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page36 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- VALERO ENERGY CORP NEW COM 91913Y100 41368 1365280 SH SOLE 1365280 0 0 VALERO ENERGY CORP NEW OPTION 91913Y100 853 8833 SH CALL SOLE 8833 0 0 VALERO ENERGY CORP NEW OPTION 91913Y100 18567 12375 SH PUT SOLE 12375 0 0 VALLEY NATL BANCORP COM 919794107 747 35661 SH SOLE 35661 0 0 VULCAN MATLS CO COM 929160109 1702 22839 SH SOLE 22839 0 0 VIRGIN MEDIA INC COM 92769L101 9111 1153316 SH SOLE 1153316 0 0 VIRGIN MEDIA INC OPTION 92769L101 544 1350 SH PUT SOLE 1350 0 0 VALMONT INDS INC COM 920253101 296 3579 SH SOLE 3579 0 0 VMWARE INC COM 928563402 284 10677 SH SOLE 10677 0 0 VORNADO RLTY TR SH BEN INT COM 929042109 2996 32938 SH SOLE 32938 0 0 VODAFONE GROUP PLC NEW SPONS COM 92857W209 1254 56746 SH SOLE 56746 0 0 VIROPHARMA INC COM 928241108 1047 79834 SH SOLE 79834 0 0 VALIDUS HOLDINGS LTD COM SHS COM G9319H102 206 8851 SH SOLE 8851 0 0 VECTOR GROUP LTD DBCV 5.750% 6 BOND CV 92240MAL2 896000 8000000 PRN SOLE 8000000 0 0 VERIGY LTD SHS COM Y93691106 682 41876 SH SOLE 41876 0 0 VERISIGN INC COM 92343E102 3372 129292 SH SOLE 129292 0 0 VERISIGN INC OPTION 92343E102 839 4789 SH CALL SOLE 4789 0 0 VERISIGN INC OPTION 92343E102 672 1529 SH PUT SOLE 1529 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 673 20236 SH SOLE 20236 0 0 VERASUN ENERGY CORP COM 92336G106 158 50411 SH SOLE 50411 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 404 61099 SH SOLE 61099 0 0 VAN KAMPEN DYNAMIC CR OPPORT COM 921166104 1610 151500 SH SOLE 151500 0 0 VANTAGE DRILLING COMPANY ORD S COM G93205113 188 62767 SH SOLE 62767 0 0 VENTAS INC COM 92276F100 4739 95900 SH SOLE 95900 0 0 VAN KAMPEN SENIOR INCOME TR COM 920961109 14626 3584874 SH SOLE 3584874 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 63656 1983664 SH SOLE 1983664 0 0 VERIZON COMMUNICATIONS INC OPTION 92343V104 815 22441 SH CALL SOLE 22441 0 0 VERIZON COMMUNICATIONS INC OPTION 92343V104 17427 32380 SH PUT SOLE 32380 0 0 WESTAMERICA BANCORPORATION COM 957090103 748 12994 SH SOLE 12994 0 0 WALGREEN CO COM 931422109 26878 868141 SH SOLE 868141 0 0 WALGREEN CO OPTION 931422109 270 5523 SH CALL SOLE 5523 0 0 WALGREEN CO OPTION 931422109 3389 10131 SH PUT SOLE 10131 0 0 WASHINGTON MUT INC COM 939322103 32 384711 SH SOLE 384711 0 0 WASHINGTON MUT INC OPTION 939322103 708 621 SH PUT SOLE 621 0 0 WATERS CORP COM 941848103 1253 21538 SH SOLE 21538 0 0 WACHOVIA CORP NEW COM 929903102 8507 2430612 SH SOLE 2430612 0 0 WACHOVIA CORP NEW OPTION 929903102 110 21174 SH CALL SOLE 21174 0 0 WACHOVIA CORP NEW OPTION 929903102 31146 17293 SH PUT SOLE 17293 0 0 WABCO HLDGS INC COM 92927K102 18898 531728 SH SOLE 531728 0 0 WIMM BILL DANN FOODS OJSC COM 97263M109 5734 80757 SH SOLE 80757 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 469 13027 SH SOLE 13027 0 0 WACHOVIA CORP NEW CONV7.5%PFD COM 929903219 146809 381323 SH SOLE 381323 0 0 WASTE CONNECTIONS INC COM 941053100 748 21800 SH SOLE 21800 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 1333 40510 SH CALL SOLE 40510 0 0 WESTERN DIGITAL CORP COM 958102105 1645 77151 SH SOLE 77151 0 0 WESTERN DIGITAL CORP OPTION 958102105 872 908 SH PUT SOLE 908 0 0 WISCONSIN ENERGY CORP COM 976657106 436 9708 SH SOLE 9708 0 0 WENDYS INTL INC COM 950590109 265 13811 SH SOLE 13811 0 0 WELLS FARGO & CO NEW COM 949746101 69984 1864760 SH SOLE 1864760 0 0 WELLS FARGO & CO NEW OPTION 949746101 5246 24505 SH PUT SOLE 24505 0 0 WELLS FARGO & CO NEW OPTION 949746101 54767 67273 SH CALL SOLE 67273 0 0 WHOLE FOODS MKT INC COM 966837106 3004 149991 SH SOLE 149991 0 0 WHOLE FOODS MKT INC OPTION 966837106 412 4000 SH PUT SOLE 4000 0 0 MEMC ELECTR MATLS INC COM 552715104 3360 118886 SH SOLE 118886 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page37 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- WEATHERFORD INTERNATIONAL LT COM G95089101 35387 1407577 SH SOLE 1407577 0 0 WILLBROS GROUP INC COM 969199108 571 21535 SH SOLE 21535 0 0 WGL HLDGS INC COM 92924F106 368 11351 SH SOLE 11351 0 0 WOODWARD GOVERNOR CO COM 980745103 526 14922 SH SOLE 14922 0 0 W HLDG CO INC COM 929251106 12 22827 SH SOLE 22827 0 0 WHIRLPOOL CORP COM 963320106 10469 132033 SH SOLE 132033 0 0 WINDSTREAM CORP COM 97381W104 1113 101710 SH SOLE 101710 0 0 WIND RIVER SYSTEMS INC COM 973149107 129 12948 SH SOLE 12948 0 0 ENCORE WIRE CORP COM 292562105 372 20526 SH SOLE 20526 0 0 WIPRO LTD SPON COM 97651M109 4528 465893 SH SOLE 465893 0 0 WESTERN ASSET CLYM INFL OPP COM 95766R104 2847 272700 SH SOLE 272700 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 4009 27146 SH CALL SOLE 27146 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 32402 7464 SH PUT SOLE 7464 0 0 WELLPOINT INC COM 94973V107 8364 178822 SH SOLE 178822 0 0 WILLIAMS COS INC DEL COM 969457100 7448 314937 SH SOLE 314937 0 0 WILLIAMS COS INC DEL OPTION 969457100 484 1180 SH PUT SOLE 1180 0 0 WASTE MGMT INC DEL COM 94106L109 7275 231028 SH SOLE 231028 0 0 WAL MART STORES INC COM 931142103 156757 2617418 SH SOLE 2617418 0 0 WAL MART STORES INC OPTION 931142103 6061 50580 SH PUT SOLE 50580 0 0 WAL MART STORES INC OPTION 931142103 20475 26286 SH CALL SOLE 26286 0 0 WASHINGTON MUT INC CONV7.75%SE COM 939322814 55 197866 SH SOLE 197866 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 23221 36750 SH PUT SOLE 36750 0 0 WESTWOOD ONE INC COM 961815107 8 14457 SH SOLE 14457 0 0 WORTHINGTON INDS INC COM 981811102 1273 85235 SH SOLE 85235 0 0 WATSON PHARMACEUTICALS INC COM 942683103 1300 45609 SH SOLE 45609 0 0 WASHINGTON POST CO CL B COM 939640108 818 1470 SH SOLE 1470 0 0 WILLIAMS PARTNERS L P COM UNIT COM 96950F104 1292 50000 SH SOLE 50000 0 0 BERKLEY W R CORP COM 084423102 263 11160 SH SOLE 11160 0 0 WARNACO GROUP INC COM 934390402 480 10589 SH SOLE 10589 0 0 WASHINGTON REAL ESTATE INVT SH COM 939653101 2657 72533 SH SOLE 72533 0 0 WILLIS GROUP HOLDINGS LTD SHS COM G96655108 277 8585 SH SOLE 8585 0 0 WEST PHARMACEUTICAL SVSC INC COM 955306105 255 5225 SH SOLE 5225 0 0 WHITE MTNS INS GROUP LTD COM G9618E107 253 539 SH SOLE 539 0 0 AQUA AMERICA INC COM 03836W103 213 11968 SH SOLE 11968 0 0 WATTS WATER TECHNOLOGIES INC COM 942749102 556 20340 SH SOLE 20340 0 0 WESTERN UN CO COM 959802109 112693 4568003 SH SOLE 4568003 0 0 WATSON WYATT WORLDWIDE INC COM 942712100 1071 21533 SH SOLE 21533 0 0 WESCO INTL INC BOND CV 95082PAG0 349313 4500000 PRN SOLE 4500000 0 0 WOLVERINE WORLD WIDE INC COM 978097103 990 37409 SH SOLE 37409 0 0 WRIGLEY WM JR CO COM 982526105 112707 1419487 SH SOLE 1419487 0 0 WRIGHT EXPRESS CORP COM 98233Q105 251 8417 SH SOLE 8417 0 0 WEYERHAEUSER CO COM 962166104 42508 701685 SH SOLE 701685 0 0 WEYERHAEUSER CO OPTION 962166104 1260 2196 SH CALL SOLE 2196 0 0 WEYERHAEUSER CO OPTION 962166104 3449 4370 SH PUT SOLE 4370 0 0 WYETH COM 983024100 49643 1343889 SH SOLE 1343889 0 0 WYETH OPTION 983024100 693 9393 SH CALL SOLE 9393 0 0 WYETH OPTION 983024100 9387 11813 SH PUT SOLE 11813 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 4087 260161 SH SOLE 260161 0 0 WYNN RESORTS LTD COM 983134107 2239 27428 SH SOLE 27428 0 0 WYNN RESORTS LTD OPTION 983134107 1500 1000 SH PUT SOLE 1000 0 0 UNITED STATES STL CORP NEW COM 912909108 23235 299378 SH SOLE 299378 0 0 UNITED STATES STL CORP NEW OPTION 912909108 238 1494 SH CALL SOLE 1494 0 0 UNITED STATES STL CORP NEW OPTION 912909108 14904 4664 SH PUT SOLE 4664 0 0 EXCO RESOURCES INC COM 269279402 343 21021 SH SOLE 21021 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page38 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CIMAREX ENERGY CO COM 171798101 524 10706 SH SOLE 10706 0 0 XCEL ENERGY INC COM 98389B100 2417 120911 SH SOLE 120911 0 0 SPDR SERIES TRUST S&P HOMEBUILDCOM 78464A888 330 16800 SH SOLE 16800 0 0 EXIDE TECHNOLOGIES COM 302051206 76 10354 SH SOLE 10354 0 0 XL CAP LTD COM G98255105 1121 62484 SH SOLE 62484 0 0 SELECT SECTOR SPDR TR SBI MATE COM 81369Y100 203035 6078899 SH SOLE 6078899 0 0 SELECT SECTOR SPDR TR SBI MATE OPTION 81369Y100 244 16637 SH CALL SOLE 16637 0 0 SELECT SECTOR SPDR TR SBI MATE OPTION 81369Y100 4117 5999 SH PUT SOLE 5999 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y506 713726 11275295 SH SOLE 11275295 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 554271 27866816 SH SOLE 27866816 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 5960 69444 SH CALL SOLE 69444 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 63249 126296 SH PUT SOLE 126296 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y704 131338 4264235 SH SOLE 4264235 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y704 771 9150 SH PUT SOLE 9150 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y803 60110 3028196 SH SOLE 3028196 0 0 XILINX INC COM 983919101 7428 316763 SH SOLE 316763 0 0 XILINX INC OPTION 983919101 580 2461 SH PUT SOLE 2461 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y308 89763 3252290 SH SOLE 3252290 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y886 54253 1632657 SH SOLE 1632657 0 0 SELECT SECTOR SPDR TR SBI HEAL COM 81369Y209 104268 3469805 SH SOLE 3469805 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y407 12848 460517 SH SOLE 460517 0 0 SPDR SERIES TRUST S&P METALS M COM 78464A755 3389 72154 SH SOLE 72154 0 0 COVIDIEN LTD OPTION G2552X108 2381 6707 SH PUT SOLE 6707 0 0 EXXON MOBIL CORP COM 30231G102 258892 3333655 SH SOLE 3333655 0 0 EXXON MOBIL CORP OPTION 30231G102 13791 40026 SH CALL SOLE 40026 0 0 EXXON MOBIL CORP OPTION 30231G102 35818 54710 SH PUT SOLE 54710 0 0 SPDR SERIES TRUST S&P OILGAS E COM 78464A730 3720 82985 SH SOLE 82985 0 0 DENTSPLY INTL INC NEW COM 249030107 1007 26826 SH SOLE 26826 0 0 SPDR SERIES TRUST S&P RETAIL E COM 78464A714 20518 667263 SH SOLE 667263 0 0 XEROX CORP COM 984121103 3717 322345 SH SOLE 322345 0 0 XEROX CORP OPTION 984121103 2217 10790 SH PUT SOLE 10790 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 3308 23588 SH CALL SOLE 23588 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 31817 42956 SH PUT SOLE 42956 0 0 XTO ENERGY INC COM 98385X106 45831 985180 SH SOLE 985180 0 0 XTO ENERGY INC OPTION 98385X106 1537 12326 SH CALL SOLE 12326 0 0 XTO ENERGY INC OPTION 98385X106 6083 10182 SH PUT SOLE 10182 0 0 SPDR SERIES TRUST S&P HOMEBUILDOPTION 78464A888 272 3000 SH PUT SOLE 3000 0 0 WEATHERFORD INTERNATIONAL LT OPTION G95089101 477 6718 SH CALL SOLE 6718 0 0 WEATHERFORD INTERNATIONAL LT OPTION G95089101 10635 10226 SH PUT SOLE 10226 0 0 TRANSOCEAN INC NEW SHS OPTION G90073100 473 4908 SH CALL SOLE 4908 0 0 TRANSOCEAN INC NEW SHS OPTION G90073100 12883 6283 SH PUT SOLE 6283 0 0 YELLOW ROADWAY CORP BOND CV 985577AA3 1278380 16400000 PRN SOLE 16400000 0 0 YAHOO INC COM 984332106 58650 3390155 SH SOLE 3390155 0 0 YAHOO INC OPTION 984332106 396 16233 SH CALL SOLE 16233 0 0 YAHOO INC OPTION 984332106 22386 24497 SH PUT SOLE 24497 0 0 RESEARCH IN MOTION LTD OPTION 760975102 21941 6009 SH PUT SOLE 6009 0 0 GARMIN LTD OPTION G37260109 1803 308 SH PUT SOLE 308 0 0 SPDR TR UNIT SER 1 OPTION 78462F103 14307 20762 SH PUT SOLE 20762 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTOPTION 816636203 266 7116 SH CALL SOLE 7116 0 0 YUM BRANDS INC COM 988498101 6824 209275 SH SOLE 209275 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 14178 13382 SH PUT SOLE 13382 0 0 ZEP INC COM 98944B108 1207 68452 SH SOLE 68452 0 0 ZWEIG FD COM 989834106 5649 1582341 SH SOLE 1582341 0 0 ZIONS BANCORPORATION COM 989701107 557 14389 SH SOLE 14389 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 30,2008 Page39 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ZALE CORP NEW COM 988858106 1692 67689 SH SOLE 67689 0 0 ZIMMER HLDGS INC COM 98956P102 5740 88908 SH SOLE 88908 0 0 QUIKSILVER INC COM 74838C106 102 17712 SH SOLE 17712 0 0 ZORAN CORP COM 98975F101 377 46241 SH SOLE 46241 0 0 ZWEIG TOTAL RETURN FD INC COM 989837109 458 124765 SH SOLE 124765 0 0 SEALY CORP COM 812139301 9705 1502265 SH SOLE 1502265 0 0
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