-----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, K8OqbQIVoimAU1VScIM0REeeI+F8eFUnpBR/JrL2WaHYHoa2bppZBo9CwD4eHeb1 i6M1DOiiXFgLJY8twPImOQ== 0001166588-09-000029.txt : 20090514 0001166588-09-000029.hdr.sgml : 20090514 20090514140148 ACCESSION NUMBER: 0001166588-09-000029 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090514 DATE AS OF CHANGE: 20090514 EFFECTIVENESS DATE: 20090514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNP PARIBAS ARBITRAGE, SA CENTRAL INDEX KEY: 0001166588 IRS NUMBER: 233022591 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10038 FILM NUMBER: 09825711 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 1 bnpparb13f.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:Mar 31,2009 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: BNP Paribas Arbitrage, SA Address: 787 Seventh Avenue New York, NY 10019 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 2009/05/13 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:1,745 Form 13F Information Table Value Total:$61,739,320 (x$1,000) List of Other Included Managers: No. 13F File Number Name **NONE**
Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page 1 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ADVANTAGE ENERGY INCOME FD TR COM 00762L101 55 20814 SH SOLE 20814 0 0 AGNICO EAGLE MINES LTD COM 008474108 1815 32175 SH SOLE 32175 0 0 AGRIUM INC COM 008916108 1677 43183 SH SOLE 43183 0 0 BCE INC COM 05534B760 23162 1216384 SH SOLE 1216384 0 0 BANK MONTREAL QUE COM 063671101 90191 4355470 SH SOLE 4355470 0 0 BANK NOVA SCOTIA HALIFAX COM 064149107 4315 171548 SH SOLE 171548 0 0 BARRICK GOLD CORP COM 067901108 6731 208289 SH SOLE 208289 0 0 BAYTEX ENERGY TR TRUST UNIT COM 073176109 466 37035 SH SOLE 37035 0 0 BROOKFIELD ASSET MGMT INC COM 112585104 6634 236308 SH SOLE 236308 0 0 BROOKFIELD PPTYS CORP COM 112900105 1976 332286 SH SOLE 332286 0 0 CAE INC COM 124765108 3751 629831 SH SOLE 629831 0 0 CAMECO CORP COM 13321L108 3301 186067 SH SOLE 186067 0 0 CDN IMPERIAL BK OF COMMERCE COM 136069101 1309 34980 SH SOLE 34980 0 0 CANADIAN NATL RY CO COM 136375102 4587 123420 SH SOLE 123420 0 0 CANADIAN NAT RES LTD COM 136385101 6051 143610 SH SOLE 143610 0 0 CANADIAN PAC RY LTD COM 13645T100 1205 37765 SH SOLE 37765 0 0 CELESTICA INC SUB VTG SHS COM 15101Q108 312 80575 SH SOLE 80575 0 0 COTT CORP QUE COM 22163N106 33 39700 SH SOLE 39700 0 0 DENISON MINES CORP COM 248356107 145 192366 SH SOLE 192366 0 0 ELDORADO GOLD CORP NEW COM 284902103 4402 490084 SH SOLE 490084 0 0 ENCANA CORP COM 292505104 8070 186141 SH SOLE 186141 0 0 ENERPLUS RES FD UNIT TR G COM 29274D604 4640 153660 SH SOLE 153660 0 0 FAIRFAX FINL HLDGS LTD SUB VTG COM 303901102 5707 23014 SH SOLE 23014 0 0 GERDAU AMERISTEEL CORP COM 37373P105 514 145524 SH SOLE 145524 0 0 GILDAN ACTIVEWEAR INC COM 375916103 248 29400 SH SOLE 29400 0 0 GOLDCORP INC NEW COM 380956409 5766 169650 SH SOLE 169650 0 0 GROUPE CGI INC COM 39945C109 3175 381958 SH SOLE 381958 0 0 HARRY WINSTON DIAMOND CORP COM 41587B100 65 23733 SH SOLE 23733 0 0 HARVEST ENERGY TR TRUST UNIT COM 41752X101 1038 257049 SH SOLE 257049 0 0 IAMGOLD CORP COM 450913108 2392 286400 SH SOLE 286400 0 0 IMPERIAL OIL LTD COM 453038408 4160 114686 SH SOLE 114686 0 0 IVANHOE MINES LTD COM 46579N103 2011 334224 SH SOLE 334224 0 0 KINROSS GOLD CORP COM NO PAR COM 496902404 2601 142348 SH SOLE 142348 0 0 LUNDIN MINING CORP COM 550372106 113 82984 SH SOLE 82984 0 0 MDS INC COM 55269P302 199 39260 SH SOLE 39260 0 0 MI DEVS INC COM 55304X104 588 38764 SH SOLE 38764 0 0 MAGNA INTL INC COM 559222401 621 21796 SH SOLE 21796 0 0 MANULIFE FINL CORP COM 56501R106 3544 290589 SH SOLE 290589 0 0 METHANEX CORP COM 59151K108 1006 130555 SH SOLE 130555 0 0 NEXEN INC COM 65334H102 1783 105816 SH SOLE 105816 0 0 NORTEL NETWORKS CORP NEW COM 656568508 26 106442 SH SOLE 106442 0 0 NOVA CHEMICALS CORP COM 66977W109 140 25062 SH SOLE 25062 0 0 OPEN TEXT CORP COM 683715106 685 20352 SH SOLE 20352 0 0 PAN AMERICAN SILVER CORP COM 697900108 1897 107093 SH SOLE 107093 0 0 PENN WEST ENERGY TR TR UNIT COM 707885109 1011 90086 SH SOLE 90086 0 0 PETRO-CDA COM 71644E102 9593 341602 SH SOLE 341602 0 0 POTASH CORP SASK INC COM 73755L107 8581 98502 SH SOLE 98502 0 0 PRECISION DRILLING TR TR UNIT COM 740215108 3358 237890 SH SOLE 237890 0 0 PROVIDENT ENERGY TR TR UNIT COM 74386K104 1399 346345 SH SOLE 346345 0 0 RESEARCH IN MOTION LTD COM 760975102 5565 126671 SH SOLE 126671 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 553 36940 SH SOLE 36940 0 0 ROGERS COMMUNICATIONS INC CL B COM 775109200 2746 114381 SH SOLE 114381 0 0 ROYAL BK CDA MONTREAL QUE COM 780087102 1046 35198 SH SOLE 35198 0 0 SHAW COMMUNICATIONS INC CL B C COM 82028K200 1360 83262 SH SOLE 83262 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page2 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SILVER WHEATON CORP COM 828336107 2232 267236 SH SOLE 267236 0 0 SUNCOR ENERGY INC COM 867229106 2633 111075 SH SOLE 111075 0 0 TALISMAN ENERGY INC COM 87425E103 3395 312492 SH SOLE 312492 0 0 TECK COMINCO LTD CL B COM 878742204 629 103613 SH SOLE 103613 0 0 THOMSON REUTERS CORP COM 884903105 1855 72285 SH SOLE 72285 0 0 TORONTO DOMINION BK ONT COM 891160509 3129 89480 SH SOLE 89480 0 0 TRANSALTA CORP COM 89346D107 844 56751 SH SOLE 56751 0 0 TRANSCANADA CORP COM 89353D107 7475 326216 SH SOLE 326216 0 0 YAMANA GOLD INC COM 98462Y100 2339 293032 SH SOLE 293032 0 0 AMERICAN EQTY INVT LIFE HLD BOND CV 025676AE7 620000 10000000 PRN SOLE 10000000 0 0 CRAY INC BOND CV 225223AB2 557899 5943000 PRN SOLE 5943000 0 0 EXPRESSJET HOLDINGS INC BOND CV 30218UAB4 485491 6948000 PRN SOLE 6948000 0 0 MACROVISION CORP BOND CV 555904AB7 880855 9640000 PRN SOLE 9640000 0 0 MENTOR GRAPHICS CORP BOND CV 587200AD8 406187 4850000 PRN SOLE 4850000 0 0 NATIONAL CITY CORP BOND CV 635405AW3 546750 5999999 PRN SOLE 5999999 0 0 NEXTEL COMMUNICATIONS INC BOND CV 65332VAY9 1171824 12159000 PRN SOLE 12159000 0 0 PROTEIN DESIGN LABS INC BOND CV 74369LAF0 523838 6100000 PRN SOLE 6100000 0 0 QUICKSILVER RESOURCES INC DBCV BOND CV 74837RAB0 713750 10000000 PRN SOLE 10000000 0 0 SUNTECH PWR HLDGS CO LTD BOND CV 86800CAE4 457350 10000000 PRN SOLE 10000000 0 0 SYMANTEC CORP BOND CV 871503AD0 639438 6500000 PRN SOLE 6500000 0 0 TECH DATA CORP DBCV 2.750%12/1 BOND CV 878237AE6 855719 9850000 PRN SOLE 9850000 0 0 TEVA PHARMACEUTICAL FIN II L D BOND CV 88164RAA5 4135687 34500000 PRN SOLE 34500000 0 0 TEVA PHARMACEUTICAL FIN II L D BOND CV 88164RAB3 4519500 34500000 PRN SOLE 34500000 0 0 THORATEC CORP BOND CV 885175AB5 1837125 23000000 PRN SOLE 23000000 0 0 TRICO MARINE SERVICES INC DBCV BOND CV 896106AT8 145000 5000000 PRN SOLE 5000000 0 0 VERIFONE HLDGS INC BOND CV 92342YAB5 826725 15100000 PRN SOLE 15100000 0 0 YELLOW ROADWAY CORP BOND CV 985577AA3 546317 16400000 PRN SOLE 16400000 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 1878 122206 SH SOLE 122206 0 0 ALCOA INC COM 013817101 13174 1794862 SH SOLE 1794862 0 0 ALCOA INC OPTION 013817101 1052 9598 SH PUT SOLE 9598 0 0 ADVANCE AUTO PARTS INC COM 00751Y106 53848 1310800 SH SOLE 1310800 0 0 APPLE INC COM 037833100 129581 1232696 SH SOLE 1232696 0 0 APPLE INC OPTION 037833100 12398 10738 SH CALL SOLE 10738 0 0 APPLE INC OPTION 037833100 35298 29137 SH PUT SOLE 29137 0 0 ABB LTD COM 000375204 1406 100866 SH SOLE 100866 0 0 AMERISOURCEBERGEN CORP COM 03073E105 1847 56557 SH SOLE 56557 0 0 ARKANSAS BEST CORP DEL COM 040790107 270 14203 SH SOLE 14203 0 0 ABBOTT LABS COM 002824100 52411 1098760 SH SOLE 1098760 0 0 ABBOTT LABS OPTION 002824100 416 850 SH PUT SOLE 850 0 0 ABBOTT LABS OPTION 002824100 2762 9199 SH CALL SOLE 9199 0 0 COMPANHIA DE BEBIDAS DAS AME S COM 20441W203 6885 144198 SH SOLE 144198 0 0 BARRICK GOLD CORP COM 067901108 53380 1646520 SH SOLE 1646520 0 0 BARRICK GOLD CORP OPTION 067901108 2342 4671 SH CALL SOLE 4671 0 0 AMERICAN CAP LTD COM 02503Y103 37 20050 SH SOLE 20050 0 0 ACE LTD SHS COM H0023R105 643 15910 SH SOLE 15910 0 0 ARCH CAP GROUP LTD COM G0450A105 239 4429 SH SOLE 4429 0 0 ACERGY S A COM 00443E104 580 93915 SH SOLE 93915 0 0 ALUMINUM CORP CHINA LTD SPON COM 022276109 464 31746 SH SOLE 31746 0 0 ARCH COAL INC COM 039380100 201 15054 SH SOLE 15054 0 0 ACCENTURE LTD BERMUDA COM G1150G111 1888 68692 SH SOLE 68692 0 0 AFFILIATED COMPUTER SERVICES COM 008190100 1747 36475 SH SOLE 36475 0 0 ADOBE SYS INC COM 00724F101 9674 452288 SH SOLE 452288 0 0 ADOBE SYS INC OPTION 00724F101 217 4332 SH PUT SOLE 4332 0 0 ANALOG DEVICES INC COM 032654105 4101 212801 SH SOLE 212801 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page3 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ARCHER DANIELS MIDLAND CO COM 039483102 12144 437165 SH SOLE 437165 0 0 ARCHER DANIELS MIDLAND CO OPTION 039483102 479 1886 SH CALL SOLE 1886 0 0 ARCHER DANIELS MIDLAND CO OPTION 039483102 1142 5997 SH PUT SOLE 5997 0 0 ARCHER DANIELS MIDLAND CO UNIT COM 039483201 15073 410375 SH SOLE 410375 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 13001 369765 SH SOLE 369765 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 238 6441 SH SOLE 6441 0 0 AUTODESK INC COM 052769106 3212 191063 SH SOLE 191063 0 0 ADVENT SOFTWARE INC COM 007974108 211 6331 SH SOLE 6331 0 0 ADAMS EXPRESS CO COM 006212104 270 35891 SH SOLE 35891 0 0 AMEREN CORP COM 023608102 1090 47007 SH SOLE 47007 0 0 AEGON N V NY REGISTRY SH COM 007924103 1827 475699 SH SOLE 475699 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 383 31277 SH SOLE 31277 0 0 AMERICAN ELEC PWR INC COM 025537101 7001 277161 SH SOLE 277161 0 0 AES CORP COM 00130H105 1589 273474 SH SOLE 273474 0 0 AETNA INC NEW COM 00817Y108 4886 200808 SH SOLE 200808 0 0 ASTORIA FINL CORP COM 046265104 929 101108 SH SOLE 101108 0 0 AFLAC INC COM 001055102 1693 87458 SH SOLE 87458 0 0 AGCO CORP COM 001084102 397 20238 SH SOLE 20238 0 0 ISHARES TR BARCLYS US AGG B COM 464287226 14834 146189 SH SOLE 146189 0 0 AGL RES INC COM 001204106 2410 90832 SH SOLE 90832 0 0 ALLERGAN INC COM 018490102 2037 42645 SH SOLE 42645 0 0 AGRIUM INC COM 008916108 9222 257667 SH SOLE 257667 0 0 AMERICAN INTL GROUP INC COM 026874107 3228 3228196 SH SOLE 3228196 0 0 AMERICAN INTL GROUP INC OPTION 026874107 19 10519 SH CALL SOLE 10519 0 0 AMERICAN INTL GROUP INC UNIT 9 COM 026874115 5200 962999 SH SOLE 962999 0 0 APARTMENT INVT & MGMT CO COM 03748R101 102 18564 SH SOLE 18564 0 0 ASSURANT INC COM 04621X108 528 24245 SH SOLE 24245 0 0 GALLAGHER ARTHUR J & CO COM 363576109 1500 88228 SH SOLE 88228 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 2223 114593 SH SOLE 114593 0 0 AK STL HLDG CORP COM 001547108 137 19194 SH SOLE 19194 0 0 ALBEMARLE CORP COM 012653101 255 11722 SH SOLE 11722 0 0 ALLIED CAP CORP NEW COM 01903Q108 17 10465 SH SOLE 10465 0 0 ALLSTATE CORP COM 020002101 3352 175063 SH SOLE 175063 0 0 ALNYLAM PHARMACEUTICALS INC COM 02043Q107 191 10007 SH SOLE 10007 0 0 ALASKA COMMUNICATIONS SYS GR COM 01167P101 84 12567 SH SOLE 12567 0 0 ALTERA CORP COM 021441100 6933 395037 SH SOLE 395037 0 0 ALCATEL-LUCENT COM 013904305 2025 1088483 SH SOLE 1088483 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 452 11993 SH SOLE 11993 0 0 APPLIED MATLS INC COM 038222105 14739 1371067 SH SOLE 1371067 0 0 APPLIED MATLS INC OPTION 038222105 279 5018 SH CALL SOLE 5018 0 0 APPLIED MATLS INC OPTION 038222105 1593 8543 SH PUT SOLE 8543 0 0 ADVANCED MICRO DEVICES INC COM 007903107 675 221469 SH SOLE 221469 0 0 ADVANCED MICRO DEVICES INC OPTION 007903107 1277 15211 SH CALL SOLE 15211 0 0 ADVANCED MICRO DEVICES INC OPTION 007903107 4190 19308 SH PUT SOLE 19308 0 0 AMETEK INC NEW COM 031100100 842 26932 SH SOLE 26932 0 0 AMEDISYS INC COM 023436108 616 22402 SH SOLE 22402 0 0 AMGEN INC COM 031162100 32256 651372 SH SOLE 651372 0 0 AMGEN INC OPTION 031162100 2279 6661 SH CALL SOLE 6661 0 0 AMGEN INC OPTION 031162100 3673 5443 SH PUT SOLE 5443 0 0 AMGEN INC BOND CV 031162AN0 1085700 11550000 PRN SOLE 11550000 0 0 AMKOR TECHNOLOGY INC COM 031652100 30 11150 SH SOLE 11150 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 980 83419 SH SOLE 83419 0 0 AMERICAN MED SYS HLDGS INC BOND CV 02744MAA6 1734700 20900000 PRN SOLE 20900000 0 0 AMERON INTL INC COM 030710107 324 6150 SH SOLE 6150 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page4 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMERIPRISE FINL INC COM 03076C106 748 36497 SH SOLE 36497 0 0 AMR CORP COM 001765106 50 15617 SH SOLE 15617 0 0 AMERICAN SUPERCONDUCTOR CORP COM 030111108 200 11569 SH SOLE 11569 0 0 AMERICAN TOWER CORP COM 029912201 2305 75747 SH SOLE 75747 0 0 TD AMERITRADE HLDG CORP COM 87236Y108 296 21452 SH SOLE 21452 0 0 AMERICA MOVIL SAB DE CV SPON COM 02364W105 14532 536621 SH SOLE 536621 0 0 AMERICA MOVIL SAB DE CV SPON OPTION 02364W105 5645 1773 SH PUT SOLE 1773 0 0 AMAZON COM INC COM 023135106 31646 430910 SH SOLE 430910 0 0 AMAZON COM INC OPTION 023135106 2043 7590 SH PUT SOLE 7590 0 0 AMAZON COM INC OPTION 023135106 14526 12184 SH CALL SOLE 12184 0 0 AUTONATION INC COM 05329W102 240 17323 SH SOLE 17323 0 0 ABERCROMBIE & FITCH CO COM 002896207 222 9306 SH SOLE 9306 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 301 16969 SH SOLE 16969 0 0 AEGEAN MARINE PETROLEUM NETW S COM Y0017S102 329 19655 SH SOLE 19655 0 0 AON CORP COM 037389103 1851 45340 SH SOLE 45340 0 0 APACHE CORP COM 037411105 27131 423322 SH SOLE 423322 0 0 APACHE CORP OPTION 037411105 480 2071 SH CALL SOLE 2071 0 0 APACHE CORP OPTION 037411105 2748 3748 SH PUT SOLE 3748 0 0 ANADARKO PETE CORP COM 032511107 9875 253911 SH SOLE 253911 0 0 ANADARKO PETE CORP OPTION 032511107 2258 5682 SH PUT SOLE 5682 0 0 ANADARKO PETE CORP OPTION 032511107 1909 5428 SH CALL SOLE 5428 0 0 AIR PRODS & CHEMS INC COM 009158106 4308 76586 SH SOLE 76586 0 0 AMPHENOL CORP NEW COM 032095101 1558 54693 SH SOLE 54693 0 0 APOLLO GROUP INC COM 037604105 7616 97227 SH SOLE 97227 0 0 ARENA RESOURCES INC COM 040049108 293 11501 SH SOLE 11501 0 0 AIRGAS INC COM 009363102 539 15940 SH SOLE 15940 0 0 ARM HLDGS PLC COM 042068106 154 34940 SH SOLE 34940 0 0 AEROPOSTALE COM 007865108 249 9387 SH SOLE 9387 0 0 ARRIS GROUP INC COM 04269Q100 327 44344 SH SOLE 44344 0 0 ARROW ELECTRS INC COM 042735100 253 13286 SH SOLE 13286 0 0 ASSOCIATED BANC CORP COM 045487105 1816 117556 SH SOLE 117556 0 0 ASM INTL N V COM N07045102 201 24368 SH SOLE 24368 0 0 GRUPO AEROPORTUARIO DEL SURE S COM 40051E202 409 14221 SH SOLE 14221 0 0 ADVANTEST CORP SPON COM 00762U200 369 24502 SH SOLE 24502 0 0 ATHENAHEALTH INC COM 04685W103 982 40732 SH SOLE 40732 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 618 28180 SH SOLE 28180 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 477 7127 SH SOLE 7127 0 0 ATMEL CORP COM 049513104 193 53288 SH SOLE 53288 0 0 ATLAS ENERGY RESOURCES LLC COM 049303100 1775 168203 SH SOLE 168203 0 0 ATMOS ENERGY CORP COM 049560105 289 12518 SH SOLE 12518 0 0 ACTIVISION BLIZZARD INC COM 00507V109 5438 519847 SH SOLE 519847 0 0 ATWOOD OCEANICS INC COM 050095108 382 23040 SH SOLE 23040 0 0 ANGLOGOLD ASHANTI LTD COM 035128206 256 6971 SH SOLE 6971 0 0 ANGLOGOLD ASHANTI LTD OPTION 035128206 649 1100 SH PUT SOLE 1100 0 0 ANGLOGOLD ASHANTI LTD OPTION 035128206 847 1100 SH CALL SOLE 1100 0 0 AVALONBAY CMNTYS INC COM 053484101 1413 30034 SH SOLE 30034 0 0 AVALONBAY CMNTYS INC OPTION 053484101 572 300 SH PUT SOLE 300 0 0 AVON PRODS INC COM 054303102 4630 240769 SH SOLE 240769 0 0 AVNET INC COM 053807103 731 41776 SH SOLE 41776 0 0 AVERY DENNISON CORP COM 053611109 2762 123644 SH SOLE 123644 0 0 AMERICAN WTR WKS CO INC NEW COM 030420103 1053 54719 SH SOLE 54719 0 0 AXA COM 054536107 2401 200391 SH SOLE 200391 0 0 AMERICAN EXPRESS CO COM 025816109 8832 647958 SH SOLE 647958 0 0 AMERICAN EXPRESS CO OPTION 025816109 1661 10699 SH CALL SOLE 10699 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page5 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMERICAN EXPRESS CO OPTION 025816109 7297 18449 SH PUT SOLE 18449 0 0 AXIS CAPITAL HOLDINGS SHS COM G0692U109 272 12051 SH SOLE 12051 0 0 ALLEGHENY ENERGY INC COM 017361106 1100 47476 SH SOLE 47476 0 0 ALLIANZ SE SP COM 018805101 2533 302947 SH SOLE 302947 0 0 ASTRAZENECA PLC COM 046353108 476 13434 SH SOLE 13434 0 0 AUTOZONE INC COM 053332102 4231 26017 SH SOLE 26017 0 0 BOEING CO COM 097023105 19687 553312 SH SOLE 553312 0 0 BOEING CO OPTION 097023105 624 3313 SH PUT SOLE 3313 0 0 BANK OF AMERICA CORPORATION COM 060505104 63796 9354323 SH SOLE 9354323 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 7336 91229 SH CALL SOLE 91229 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 1066 250 SH PUT SOLE 250 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 86139 150376 SH PUT SOLE 150376 0 0 CREDICORP LTD COM G2519Y108 31495 672386 SH SOLE 672386 0 0 BAXTER INTL INC COM 071813109 11182 218317 SH SOLE 218317 0 0 BLACKBOARD INC COM 091935502 334 10536 SH SOLE 10536 0 0 BED BATH & BEYOND INC COM 075896100 5410 218573 SH SOLE 218573 0 0 BANCO BRADESCO S A SP COM 059460303 28210 2849466 SH SOLE 2849466 0 0 BANCO BRADESCO S A SP OPTION 059460303 825 2756 SH PUT SOLE 2756 0 0 BLOCKBUSTER INC COM 093679108 8 10920 SH SOLE 10920 0 0 BB&T CORP COM 054937107 4569 270017 SH SOLE 270017 0 0 BANCO BILBAO VIZCAYA ARGENTA COM 05946K101 3725 458213 SH SOLE 458213 0 0 BEST BUY INC COM 086516101 12704 334656 SH SOLE 334656 0 0 BEST BUY INC OPTION 086516101 1692 3962 SH PUT SOLE 3962 0 0 BEST BUY INC OPTION 086516101 4040 4740 SH CALL SOLE 4740 0 0 BARD C R INC COM 067383109 1361 17068 SH SOLE 17068 0 0 BLACK & DECKER CORP COM 091797100 205 6481 SH SOLE 6481 0 0 BLACK & DECKER CORP OPTION 091797100 451 1100 SH CALL SOLE 1100 0 0 BLACK & DECKER CORP OPTION 091797100 346 850 SH PUT SOLE 850 0 0 BLACKROCK STRAT DIVD ACHIEVE COM 09249Y107 296 44278 SH SOLE 44278 0 0 BECTON DICKINSON & CO COM 075887109 2923 43475 SH SOLE 43475 0 0 BE AEROSPACE INC COM 073302101 1021 117788 SH SOLE 117788 0 0 BEBE STORES INC COM 075571109 328 49132 SH SOLE 49132 0 0 BECKMAN COULTER INC COM 075811109 323 6330 SH SOLE 6330 0 0 STRATEGIC HOTELS & RESORTS I COM 86272T106 7 10341 SH SOLE 10341 0 0 FRANKLIN RES INC COM 354613101 1563 29022 SH SOLE 29022 0 0 BALDOR ELEC CO COM 057741100 274 18910 SH SOLE 18910 0 0 BROWN FORMAN CORP CL B COM 115637209 2194 56498 SH SOLE 56498 0 0 BUNGE LIMITED COM G16962105 3560 62847 SH SOLE 62847 0 0 BRIGGS & STRATTON CORP COM 109043109 1730 104846 SH SOLE 104846 0 0 BLACKROCK GLOBAL FLG INC TR COM 091941104 1503 165000 SH SOLE 165000 0 0 BUNGE LIMITED OPTION G16962105 292 369 SH CALL SOLE 369 0 0 BENCHMARK ELECTRS INC COM 08160H101 323 28876 SH SOLE 28876 0 0 BAKER HUGHES INC COM 057224107 8432 295350 SH SOLE 295350 0 0 BAKER HUGHES INC OPTION 057224107 2963 2032 SH PUT SOLE 2032 0 0 BHP BILLITON LTD COM 088606108 1474 33059 SH SOLE 33059 0 0 SOTHEBYS COM 835898107 163 18117 SH SOLE 18117 0 0 BAIDU INC SPON COM 056752108 11584 65595 SH SOLE 65595 0 0 BAIDU INC SPON OPTION 056752108 1787 123 SH PUT SOLE 123 0 0 BIOGEN IDEC INC COM 09062X103 16699 318561 SH SOLE 318561 0 0 BIOGEN IDEC INC OPTION 09062X103 560 1000 SH PUT SOLE 1000 0 0 SPDR SERIES TRUST BRCLYS 1-3MT COM 78464A680 1469 32023 SH SOLE 32023 0 0 BIO RAD LABS INC COM 090572207 280 4254 SH SOLE 4254 0 0 BJS WHOLESALE CLUB INC COM 05548J106 300 9393 SH SOLE 9393 0 0 BJ SVCS CO COM 055482103 2525 253730 SH SOLE 253730 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page6 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BANK OF NEW YORK MELLON CORP COM 064058100 8066 285515 SH SOLE 285515 0 0 BANK OF NEW YORK MELLON CORP OPTION 064058100 1152 6667 SH CALL SOLE 6667 0 0 BANK OF NEW YORK MELLON CORP OPTION 064058100 948 4780 SH PUT SOLE 4780 0 0 BURGER KING HLDGS INC COM 121208201 230 10016 SH SOLE 10016 0 0 BLACK HILLS CORP COM 092113109 1483 82883 SH SOLE 82883 0 0 BARNES & NOBLE INC COM 067774109 1185 55436 SH SOLE 55436 0 0 BLACKROCK INC COM 09247X101 432 3325 SH SOLE 3325 0 0 BALL CORP COM 058498106 8370 192850 SH SOLE 192850 0 0 IMMUCOR INC COM 452526106 264 10514 SH SOLE 10514 0 0 BMC SOFTWARE INC COM 055921100 2674 81016 SH SOLE 81016 0 0 BMC SOFTWARE INC OPTION 055921100 205 2134 SH PUT SOLE 2134 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 210 17011 SH SOLE 17011 0 0 BEMIS INC COM 081437105 572 27276 SH SOLE 27276 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 24058 1097544 SH SOLE 1097544 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 2181 11613 SH CALL SOLE 11613 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 228 1410 SH PUT SOLE 1410 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 5992 99612 SH SOLE 99612 0 0 BANK HAWAII CORP COM 062540109 2298 69682 SH SOLE 69682 0 0 BP PLC COM 055622104 462 11517 SH SOLE 11517 0 0 POPULAR INC COM 733174106 34 15784 SH SOLE 15784 0 0 OILSANDS QUEST INC COM 678046103 9 12005 SH SOLE 12005 0 0 BROCADE COMMUNICATIONS SYS I COM 111621306 82 23856 SH SOLE 23856 0 0 BROADCOM CORP COM 111320107 5335 267002 SH SOLE 267002 0 0 BERKSHIRE HATHAWAY INC DEL COM 084670108 4855 56 SH SOLE 56 0 0 BERKSHIRE HATHAWAY INC DEL CL BCOM 084670207 1593 565 SH SOLE 565 0 0 BRISTOW GROUP INC BOND CV 110394AC7 416602 6800000 PRN SOLE 6800000 0 0 BOSTON SCIENTIFIC CORP COM 101137107 3825 481093 SH SOLE 481093 0 0 BRITISH AMERN TOB PLC COM 110448107 262 5704 SH SOLE 5704 0 0 PEABODY ENERGY CORP COM 704549104 3518 140477 SH SOLE 140477 0 0 BORGWARNER INC COM 099724106 258 12710 SH SOLE 12710 0 0 BORGWARNER INC OPTION 099724106 855 4500 SH CALL SOLE 4500 0 0 BLACKSTONE GROUP L P COM UNIT COM 09253U108 221 30456 SH SOLE 30456 0 0 BOSTON PROPERTIES INC COM 101121101 1119 31958 SH SOLE 31958 0 0 BANCORPSOUTH INC COM 059692103 1517 72800 SH SOLE 72800 0 0 CITIGROUP INC COM 172967101 21319 8426663 SH SOLE 8426663 0 0 CITIGROUP INC OPTION 172967101 2600 159052 SH CALL SOLE 159052 0 0 CITIGROUP INC OPTION 172967101 53597 85709 SH PUT SOLE 85709 0 0 CA INC COM 12673P105 5861 332830 SH SOLE 332830 0 0 CA INC OPTION 12673P105 271 630 SH PUT SOLE 630 0 0 CADENCE PHARMACEUTICALS INC COM 12738T100 180 19167 SH SOLE 19167 0 0 CONAGRA FOODS INC COM 205887102 3540 209835 SH SOLE 209835 0 0 CARDINAL HEALTH INC COM 14149Y108 4898 155584 SH SOLE 155584 0 0 CACI INTL INC COM 127190304 382 10475 SH SOLE 10475 0 0 CANON INC COM 138006309 811 27949 SH SOLE 27949 0 0 CONTINENTAL AIRLS INC CL B OPTION 210795308 556 8850 SH CALL SOLE 8850 0 0 CONTINENTAL AIRLS INC CL B OPTION 210795308 2558 2150 SH PUT SOLE 2150 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 1052 47980 SH SOLE 47980 0 0 CAMERON INTERNATIONAL CORP OPTION 13342B105 408 126 SH PUT SOLE 126 0 0 CATERPILLAR INC DEL COM 149123101 17442 623829 SH SOLE 623829 0 0 CATERPILLAR INC DEL OPTION 149123101 1759 14752 SH CALL SOLE 14752 0 0 CATERPILLAR INC DEL OPTION 149123101 1069 7967 SH PUT SOLE 7967 0 0 CHUBB CORP COM 171232101 1645 38874 SH SOLE 38874 0 0 CINCINNATI BELL INC NEW COM 171871106 130 56434 SH SOLE 56434 0 0 COOPER INDS LTD COM G24182100 413 15957 SH SOLE 15957 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page7 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CB RICHARD ELLIS GROUP INC COM 12497T101 132 32633 SH SOLE 32633 0 0 CBS CORP NEW CL B COM 124857202 1495 389247 SH SOLE 389247 0 0 CBS CORP NEW CL B OPTION 124857202 320 200 SH PUT SOLE 200 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 386 23598 SH SOLE 23598 0 0 CADBURY PLC SPONS COM 12721E102 309 10206 SH SOLE 10206 0 0 CALGON CARBON CORP COM 129603106 1381 97455 SH SOLE 97455 0 0 COCA COLA ENTERPRISES INC COM 191219104 815 61816 SH SOLE 61816 0 0 CROWN CASTLE INTL CORP COM 228227104 503 24625 SH SOLE 24625 0 0 CAMECO CORP COM 13321L108 5460 318004 SH SOLE 318004 0 0 CROWN HOLDINGS INC COM 228368106 855 37632 SH SOLE 37632 0 0 CARNIVAL CORP PAIRED CTF COM 143658300 2893 133924 SH SOLE 133924 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 289 12014 SH SOLE 12014 0 0 COEUR D ALENE MINES CORP IDA COM 192108108 69 72901 SH SOLE 72901 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 89 21127 SH SOLE 21127 0 0 CADENCE DESIGN SYSTEM INC BOND CV 127387AD0 839500 11500000 PRN SOLE 11500000 0 0 CELANESE CORP DEL COM SER A COM 150870103 172 12892 SH SOLE 12892 0 0 CENTRAL EUROPEAN DIST CORP COM 153435102 1169 108603 SH SOLE 108603 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 1051 50849 SH SOLE 50849 0 0 CELGENE CORP COM 151020104 15284 344244 SH SOLE 344244 0 0 CHEMTURA CORP COM 163893100 1 13516 SH SOLE 13516 0 0 CNOOC LTD COM 126132109 2985 29668 SH SOLE 29668 0 0 CEPHALON INC COM 156708109 3084 45285 SH SOLE 45285 0 0 CERNER CORP COM 156782104 670 15233 SH SOLE 15233 0 0 CENTRAL EUROPEAN MEDIA ENTRP COM G20045202 968 84437 SH SOLE 84437 0 0 CF INDS HLDGS INC COM 125269100 1587 22312 SH SOLE 22312 0 0 BRINKS HOME SEC HLDGS INC COM 109699108 4849 214561 SH SOLE 214561 0 0 CULLEN FROST BANKERS INC COM 229899109 717 15284 SH SOLE 15284 0 0 CHURCH & DWIGHT INC COM 171340102 1102 21102 SH SOLE 21102 0 0 CHEMED CORP NEW BOND CV 16359RAC7 181250 2500000 PRN SOLE 2500000 0 0 CHESAPEAKE ENERGY CORP COM 165167107 25300 1482986 SH SOLE 1482986 0 0 CHESAPEAKE ENERGY CORP OPTION 165167107 1435 3965 SH PUT SOLE 3965 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 2667 120103 SH SOLE 120103 0 0 CHINA MOBILE LIMITED COM 16941M109 7715 177273 SH SOLE 177273 0 0 CHINA MOBILE LIMITED OPTION 16941M109 580 1000 SH CALL SOLE 1000 0 0 CHINA MOBILE LIMITED OPTION 16941M109 870 1000 SH PUT SOLE 1000 0 0 C H ROBINSON WORLDWIDE INC COM 12541W209 5009 109813 SH SOLE 109813 0 0 CHARTER COMMUNICATIONS INC D COM 16117M107 1 39344 SH SOLE 39344 0 0 CIGNA CORP COM 125509109 3158 179560 SH SOLE 179560 0 0 CIENA CORP COM 171779309 211 27142 SH SOLE 27142 0 0 COMPANHIA ENERGETICA DE MINA SPCOM 204409601 3511 237554 SH SOLE 237554 0 0 CINCINNATI FINL CORP COM 172062101 2195 95975 SH SOLE 95975 0 0 CIT GROUP INC COM 125581108 190 66730 SH SOLE 66730 0 0 COMSYS IT PARTNERS INC COM 20581E104 1823 825046 SH SOLE 825046 0 0 CARMIKE CINEMAS INC COM 143436400 131 50084 SH SOLE 50084 0 0 COLGATE PALMOLIVE CO COM 194162103 16125 273398 SH SOLE 273398 0 0 COLGATE PALMOLIVE CO OPTION 194162103 364 2714 SH CALL SOLE 2714 0 0 CORE LABORATORIES N V COM N22717107 402 5495 SH SOLE 5495 0 0 CLARCOR INC COM 179895107 888 35247 SH SOLE 35247 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 339 18648 SH SOLE 18648 0 0 CLEAN HARBORS INC COM 184496107 1271 26477 SH SOLE 26477 0 0 CLOROX CO DEL COM 189054109 3517 68323 SH SOLE 68323 0 0 COMERICA INC COM 200340107 839 45815 SH SOLE 45815 0 0 COMMERCIAL METALS CO COM 201723103 784 67891 SH SOLE 67891 0 0 COMCAST CORP NEW COM 20030N101 29038 2128873 SH SOLE 2128873 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page8 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- COMCAST CORP NEW OPTION 20030N101 1385 8767 SH CALL SOLE 8767 0 0 COMCAST CORP NEW OPTION 20030N101 7222 20628 SH PUT SOLE 20628 0 0 COMCAST CORP NEW COM 20030N200 401 31176 SH SOLE 31176 0 0 CME GROUP INC COM 12572Q105 6343 25744 SH SOLE 25744 0 0 CME GROUP INC OPTION 12572Q105 5106 900 SH CALL SOLE 900 0 0 CME GROUP INC OPTION 12572Q105 4121 225 SH PUT SOLE 225 0 0 CUMMINS INC COM 231021106 1397 54882 SH SOLE 54882 0 0 COMPASS MINERALS INTL INC COM 20451N101 237 4208 SH SOLE 4208 0 0 CMS ENERGY CORP COM 125896100 1184 100024 SH SOLE 100024 0 0 COMTECH TELECOMMUNICATIONS C COM 205826209 733 29590 SH SOLE 29590 0 0 COLONIAL BANCGROUP INC COM 195493309 11 12743 SH SOLE 12743 0 0 CNH GLOBAL N V SHS COM N20935206 161 15518 SH SOLE 15518 0 0 CLECO CORP NEW COM 12561W105 1402 64619 SH SOLE 64619 0 0 CONSECO INC COM 208464883 9 10049 SH SOLE 10049 0 0 CENTERPOINT ENERGY INC COM 15189T107 2008 192507 SH SOLE 192507 0 0 CANADIAN NAT RES LTD COM 136385101 32379 839700 SH SOLE 839700 0 0 CONCUR TECHNOLOGIES INC COM 206708109 658 34304 SH SOLE 34304 0 0 CONSOL ENERGY INC COM 20854P109 3742 148275 SH SOLE 148275 0 0 CORINTHIAN COLLEGES INC COM 218868107 527 27080 SH SOLE 27080 0 0 CAPITAL ONE FINL CORP COM 14040H105 4213 344186 SH SOLE 344186 0 0 CABOT OIL & GAS CORP COM 127097103 290 12312 SH SOLE 12312 0 0 COACH INC COM 189754104 1119 67011 SH SOLE 67011 0 0 COHERENT INC COM 192479103 282 16318 SH SOLE 16318 0 0 ROCKWELL COLLINS INC COM 774341101 2564 78553 SH SOLE 78553 0 0 3COM CORP COM 885535104 393 127072 SH SOLE 127072 0 0 CONOCOPHILLIPS COM 20825C104 81030 2069196 SH SOLE 2069196 0 0 CONOCOPHILLIPS OPTION 20825C104 2421 13397 SH CALL SOLE 13397 0 0 CONOCOPHILLIPS OPTION 20825C104 32503 26017 SH PUT SOLE 26017 0 0 COSTCO WHSL CORP NEW COM 22160K105 9386 202634 SH SOLE 202634 0 0 COSTCO WHSL CORP NEW OPTION 22160K105 461 1743 SH PUT SOLE 1743 0 0 COSTCO WHSL CORP NEW OPTION 22160K105 764 3442 SH CALL SOLE 3442 0 0 COVIDIEN LTD COM G2552X108 4912 147768 SH SOLE 147768 0 0 COPA HOLDINGS SA COM P31076105 1511 52704 SH SOLE 52704 0 0 CAMPBELL SOUP CO COM 134429109 2106 76965 SH SOLE 76965 0 0 CAMPBELL SOUP CO OPTION 134429109 467 1004 SH PUT SOLE 1004 0 0 CIT GROUP INC 8.75%PFD SER C COM 125581603 4322 237500 SH SOLE 237500 0 0 CPFL ENERGIA S A COM 126153105 642 15813 SH SOLE 15813 0 0 CAPELLA EDUCATION COMPANY COM 139594105 224 4226 SH SOLE 4226 0 0 CALPINE CORP COM 131347304 135 19877 SH SOLE 19877 0 0 CORN PRODS INTL INC COM 219023108 292 13758 SH SOLE 13758 0 0 COPART INC COM 217204106 848 28604 SH SOLE 28604 0 0 CAPSTONE TURBINE CORP COM 14067D102 9 12668 SH SOLE 12668 0 0 COMPUWARE CORP COM 205638109 599 90955 SH SOLE 90955 0 0 COMPLETE PRODUCTION SERVICES COM 20453E109 97 31521 SH SOLE 31521 0 0 CHENIERE ENERGY PARTNERS LP CO COM 16411Q101 1923 320548 SH SOLE 320548 0 0 CERADYNE INC COM 156710105 284 15652 SH SOLE 15652 0 0 CREE INC COM 225447101 1098 46675 SH SOLE 46675 0 0 CARTER INC COM 146229109 500 26575 SH SOLE 26575 0 0 CHARLES RIV LABS INTL INC COM 159864107 423 15546 SH SOLE 15546 0 0 SALESFORCE COM INC COM 79466L302 779 23796 SH SOLE 23796 0 0 CREDIT SUISSE GROUP COM 225401108 247 8089 SH SOLE 8089 0 0 COMPUTER SCIENCES CORP COM 205363104 3296 89472 SH SOLE 89472 0 0 CISCO SYS INC COM 17275R102 66162 3945244 SH SOLE 3945244 0 0 CISCO SYS INC OPTION 17275R102 2067 26019 SH CALL SOLE 26019 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page9 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CISCO SYS INC OPTION 17275R102 9240 50317 SH PUT SOLE 50317 0 0 CAPITALSOURCE INC COM 14055X102 2606 2136398 SH SOLE 2136398 0 0 CARLISLE COS INC COM 142339100 525 26729 SH SOLE 26729 0 0 COINSTAR INC COM 19259P300 232 7095 SH SOLE 7095 0 0 CSX CORP COM 126408103 2767 107054 SH SOLE 107054 0 0 CINTAS CORP COM 172908105 1521 61541 SH SOLE 61541 0 0 CENTURYTEL INC COM 156700106 252 8957 SH SOLE 8957 0 0 CATO CORP NEW COM 149205106 312 17070 SH SOLE 17070 0 0 CTRIP COM INTL LTD COM 22943F100 9538 348120 SH SOLE 348120 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 3989 191887 SH SOLE 191887 0 0 COMMSCOPE INC COM 203372107 368 32378 SH SOLE 32378 0 0 CENTEX CORP COM 152312104 601 80175 SH SOLE 80175 0 0 CITRIX SYS INC COM 177376100 4056 179146 SH SOLE 179146 0 0 CUTERA INC COM 232109108 269 42096 SH SOLE 42096 0 0 COVANTA HLDG CORP COM 22282E102 1303 99527 SH SOLE 99527 0 0 CABLEVISION SYS CORP COM 12686C109 494 38181 SH SOLE 38181 0 0 COVANCE INC COM 222816100 1976 55469 SH SOLE 55469 0 0 CONVERGYS CORP COM 212485106 245 30271 SH SOLE 30271 0 0 COVENTRY HEALTH CARE INC COM 222862104 188 14529 SH SOLE 14529 0 0 CVS CAREMARK CORPORATION COM 126650100 10998 400077 SH SOLE 400077 0 0 CVS CAREMARK CORPORATION OPTION 126650100 590 2000 SH CALL SOLE 2000 0 0 CVS CAREMARK CORPORATION OPTION 126650100 909 2482 SH PUT SOLE 2482 0 0 CHEVRON CORP NEW COM 166764100 61843 919737 SH SOLE 919737 0 0 CHEVRON CORP NEW OPTION 166764100 2835 10286 SH CALL SOLE 10286 0 0 CHEVRON CORP NEW OPTION 166764100 8912 11837 SH PUT SOLE 11837 0 0 CALIFORNIA WTR SVC GROUP COM 130788102 846 20210 SH SOLE 20210 0 0 CEMEX SAB DE CV SPON COM 151290889 7300 1167922 SH SOLE 1167922 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 97 14329 SH SOLE 14329 0 0 CYBERSOURCE CORP COM 23251J106 178 12052 SH SOLE 12052 0 0 CENTENNIAL COMMUNCTNS CORP N COM 15133V208 121 14649 SH SOLE 14649 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 382 24932 SH SOLE 24932 0 0 DOMINION RES INC VA NEW COM 25746U109 6564 211823 SH SOLE 211823 0 0 DAIMLER AG REG SHS COM D1668R123 3590 140574 SH SOLE 140574 0 0 DELTA AIR LINES INC DEL COM 247361702 190 33739 SH SOLE 33739 0 0 DARLING INTL INC COM 237266101 169 45515 SH SOLE 45515 0 0 DEUTSCHE BANK AG NAMEN AKT COM D18190898 3634 89399 SH SOLE 89399 0 0 DRESS BARN INC BOND CV 261570AB1 939250 7514000 PRN SOLE 7514000 0 0 DONALDSON INC COM 257651109 879 32755 SH SOLE 32755 0 0 NTT DOCOMO INC SPONS COM 62942M201 185 13569 SH SOLE 13569 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 14680 657395 SH SOLE 657395 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 657 3194 SH PUT SOLE 3194 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 590 3257 SH CALL SOLE 3257 0 0 PROSHARES TR PSHS ULTRA DOW30 COM 74347R305 2397 102804 SH SOLE 102804 0 0 DEVELOPERS DIVERSIFIED RLTY COM 251591103 40 18852 SH SOLE 18852 0 0 DEVELOPERS DIVERSIFIED RLTY BOND CV 251591AQ6 357000 7000000 PRN SOLE 7000000 0 0 DATA DOMAIN INC COM 23767P109 476 37850 SH SOLE 37850 0 0 DEERE & CO COM 244199105 8352 254106 SH SOLE 254106 0 0 DEERE & CO OPTION 244199105 1095 1695 SH CALL SOLE 1695 0 0 DECKERS OUTDOOR CORP COM 243537107 243 4575 SH SOLE 4575 0 0 DELL INC COM 24702R101 16018 1689674 SH SOLE 1689674 0 0 DELL INC OPTION 24702R101 5009 12368 SH PUT SOLE 12368 0 0 DIAGEO P L C SPON COM 25243Q205 484 10816 SH SOLE 10816 0 0 DEAN FOODS CO NEW COM 242370104 1290 71375 SH SOLE 71375 0 0 DISCOVER FINL SVCS COM 254709108 916 145221 SH SOLE 145221 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page10 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- QUEST DIAGNOSTICS INC COM 74834L100 1270 26739 SH SOLE 26739 0 0 D R HORTON INC COM 23331A109 1856 191343 SH SOLE 191343 0 0 DANAHER CORP DEL COM 235851102 12313 227085 SH SOLE 227085 0 0 DANAHER CORP DEL OPTION 235851102 660 1650 SH PUT SOLE 1650 0 0 DIAMONDS TR UNIT SER 1 COM 252787106 247863 3268232 SH SOLE 3268232 0 0 PROSHARES TR PSHS ULTRA O&G COM 74347R719 9163 427000 SH SOLE 427000 0 0 DISNEY WALT CO COM DISNEY COM 254687106 22051 1214258 SH SOLE 1214258 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 1675 11188 SH CALL SOLE 11188 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 3619 16105 SH PUT SOLE 16105 0 0 DISCOVERY COMMUNICATNS NEW COM COM 25470F302 285 19434 SH SOLE 19434 0 0 DISH NETWORK CORP COM 25470M109 1769 159214 SH SOLE 159214 0 0 DOLBY LABORATORIES INC COM 25659T107 288 8434 SH SOLE 8434 0 0 DEL MONTE FOODS CO COM 24522P103 555 76170 SH SOLE 76170 0 0 DIGITAL RLTY TR INC COM 253868103 1709 51518 SH SOLE 51518 0 0 DOLLAR TREE INC COM 256746108 571 12827 SH SOLE 12827 0 0 DELUXE CORP COM 248019101 1370 142213 SH SOLE 142213 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 389 5055 SH SOLE 5055 0 0 DENDREON CORP BOND CV 24823QAB3 380250 6500000 PRN SOLE 6500000 0 0 DIONEX CORP COM 254546104 452 9559 SH SOLE 9559 0 0 DENBURY RES INC COM 247916208 516 34725 SH SOLE 34725 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 3284 52247 SH SOLE 52247 0 0 DOVER CORP COM 260003108 1966 74532 SH SOLE 74532 0 0 DOW CHEM CO COM 260543103 10612 1258842 SH SOLE 1258842 0 0 DOW CHEM CO OPTION 260543103 18479 8371 SH PUT SOLE 8371 0 0 AMDOCS LTD COM G02602103 229 12390 SH SOLE 12390 0 0 DPL INC COM 233293109 2036 90330 SH SOLE 90330 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 842 49821 SH SOLE 49821 0 0 DUKE REALTY CORP COM 264411505 79 14423 SH SOLE 14423 0 0 DARDEN RESTAURANTS INC COM 237194105 3468 101232 SH SOLE 101232 0 0 DSP GROUP INC COM 23332B106 230 53328 SH SOLE 53328 0 0 DST SYS INC DEL COM 233326107 295 8534 SH SOLE 8534 0 0 DST SYS INC DEL DBCV 4.125% 8/1BOND CV 233326AB3 1218750 12500000 PRN SOLE 12500000 0 0 DSW INC COM 23334L102 256 27517 SH SOLE 27517 0 0 DEUTSCHE TELEKOM AG COM 251566105 2753 222883 SH SOLE 222883 0 0 DTE ENERGY CO COM 233331107 3501 126407 SH SOLE 126407 0 0 WISDOMTREE TRUST DIVID TOP 100 COM 97717W406 935 35100 SH SOLE 35100 0 0 DIRECTV GROUP INC COM 25459L106 9784 429321 SH SOLE 429321 0 0 DIRECTV GROUP INC OPTION 25459L106 640 2208 SH PUT SOLE 2208 0 0 DUKE ENERGY CORP NEW COM 26441C105 9379 654928 SH SOLE 654928 0 0 DEVRY INC DEL COM 251893103 294 6103 SH SOLE 6103 0 0 DAVITA INC COM 23918K108 2578 58647 SH SOLE 58647 0 0 COHEN & STEERS DIV MJRS FDIN COM 19248G106 984 140719 SH SOLE 140719 0 0 DEVON ENERGY CORP NEW COM 25179M103 27422 613613 SH SOLE 613613 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 562 395 SH PUT SOLE 395 0 0 ISHARES TR DJ SEL DIV INX COM 464287168 4520 144369 SH SOLE 144369 0 0 PROSHARES TR PSHS ULTASH DW30 COM 74347R867 3388 53669 SH SOLE 53669 0 0 DYNEGY INC DEL COM 26817G102 131 92994 SH SOLE 92994 0 0 ENI S P A COM 26874R108 2327 60734 SH SOLE 60734 0 0 ENCORE ACQUISITION CO COM 29255W100 539 23145 SH SOLE 23145 0 0 BRINKER INTL INC COM 109641100 242 16035 SH SOLE 16035 0 0 EBAY INC COM 278642103 13476 1072939 SH SOLE 1072939 0 0 EBAY INC OPTION 278642103 1450 14500 SH PUT SOLE 14500 0 0 ENCANA CORP COM 292505104 4791 117968 SH SOLE 117968 0 0 ENCANA CORP OPTION 292505104 1335 1470 SH PUT SOLE 1470 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page11 of 33 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 INC MSCI CHILE INVES COM 464286640 1811 52471 SH SOLE 52471 0 0 ECOLAB INC COM 278865100 1774 51077 SH SOLE 51077 0 0 CONSOLIDATED EDISON INC COM 209115104 1147 28954 SH SOLE 28954 0 0 CLAYMORE EXCHANGE TRADED FD BN COM 18383M100 4884 207563 SH SOLE 207563 0 0 EVERGREEN ENERGY INC COM 30024B104 43 30764 SH SOLE 30764 0 0 ISHARES TR MSCI EMERG MKT COM 464287234 69382 2796542 SH SOLE 2796542 0 0 PROSHARES TR PSHS UT SHT MSCI COM 74347R354 1597 38970 SH SOLE 38970 0 0 ISHARES TR MSCI EAFE IDX COM 464287465 12907 343350 SH SOLE 343350 0 0 EATON VANCE SR FLTNG RTE TR COM 27828Q105 919 110000 SH SOLE 110000 0 0 EATON VANCE FLTING RATE INC COM 278279104 915 110801 SH SOLE 110801 0 0 EQUIFAX INC COM 294429105 287 11745 SH SOLE 11745 0 0 ENERGEN CORP COM 29265N108 292 10008 SH SOLE 10008 0 0 EMPLOYERS HOLDINGS INC COM 292218104 16637 1743932 SH SOLE 1743932 0 0 EDISON INTL COM 281020107 4092 142050 SH SOLE 142050 0 0 ISHARES INC MSCI S KOREA OPTION 464286772 1267 3700 SH CALL SOLE 3700 0 0 EASTMAN KODAK CO COM 277461109 1708 449360 SH SOLE 449360 0 0 EASTMAN KODAK CO OPTION 277461109 3900 4450 SH PUT SOLE 4450 0 0 LAUDER ESTEE COS INC COM 518439104 1621 65766 SH SOLE 65766 0 0 ELAN PLC COM 284131208 88 13311 SH SOLE 13311 0 0 SYNERON MEDICAL LTD ORD SHS COM M87245102 291 49071 SH SOLE 49071 0 0 E M C CORP MASS COM 268648102 15505 1360117 SH SOLE 1360117 0 0 E M C CORP MASS OPTION 268648102 215 11426 SH PUT SOLE 11426 0 0 EMCOR GROUP INC COM 29084Q100 205 11948 SH SOLE 11948 0 0 EASTMAN CHEM CO COM 277432100 2517 93910 SH SOLE 93910 0 0 EMERSON ELEC CO COM 291011104 11783 412282 SH SOLE 412282 0 0 EMERSON ELEC CO OPTION 291011104 456 1984 SH CALL SOLE 1984 0 0 EMERSON ELEC CO OPTION 291011104 1031 2964 SH PUT SOLE 2964 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 1082 61187 SH SOLE 61187 0 0 ENERGY CONVERSION DEVICES IN COM 292659109 412 31022 SH SOLE 31022 0 0 ENERSIS S A COM 29274F104 981 64942 SH SOLE 64942 0 0 ENERGIZER HLDGS INC COM 29266R108 397 7990 SH SOLE 7990 0 0 EOG RES INC COM 26875P101 19314 352711 SH SOLE 352711 0 0 EOG RES INC OPTION 26875P101 1167 1310 SH CALL SOLE 1310 0 0 EOG RES INC OPTION 26875P101 877 600 SH PUT SOLE 600 0 0 EL PASO CORP COM 28336L109 1657 265071 SH SOLE 265071 0 0 EL PASO CORP OPTION 28336L109 2480 1784 SH PUT SOLE 1784 0 0 EDGE PETE CORP DEL PFD CONV A COM 279862205 173 188000 SH SOLE 188000 0 0 EPICOR SOFTWARE CORP BOND CV 29426LAA6 708500 13000000 PRN SOLE 13000000 0 0 ENTERTAINMENT PPTYS TR PFD C C COM 29380T402 6298 836350 SH SOLE 836350 0 0 ENTERTAINMENT PPTYS TR CONV PF COM 29380T600 1560 145000 SH SOLE 145000 0 0 EMBARQ CORP COM 29078E105 2830 74779 SH SOLE 74779 0 0 EQUINIX INC COM 29444U502 366 6510 SH SOLE 6510 0 0 EQUITY RESIDENTIAL SH BEN INT COM 29476L107 793 43207 SH SOLE 43207 0 0 EQT CORP COM 26884L109 1648 52617 SH SOLE 52617 0 0 ERESEARCHTECHNOLOGY INC COM 29481V108 258 48979 SH SOLE 48979 0 0 ERICSSON L M TEL CO COM 294821608 2327 287601 SH SOLE 287601 0 0 EMBRAER-EMPRESA BRASILEIRA D SPCOM 29081M102 303 22859 SH SOLE 22859 0 0 ELECTRONIC ARTS INC COM 285512109 5329 292950 SH SOLE 292950 0 0 ENERGYSOLUTIONS INC DEPOSITARY COM 292756202 675 78045 SH SOLE 78045 0 0 ITT EDUCATIONAL SERVICES INC COM 45068B109 648 5339 SH SOLE 5339 0 0 ESTERLINE TECHNOLOGIES CORP COM 297425100 1177 58273 SH SOLE 58273 0 0 EVERGREEN SOLAR INC COM 30033R108 75 35282 SH SOLE 35282 0 0 EXPRESS SCRIPTS INC COM 302182100 8693 188282 SH SOLE 188282 0 0 ENSCO INTL INC COM 26874Q100 2223 84203 SH SOLE 84203 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page12 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- E TRADE FINANCIAL CORP COM 269246104 374 301924 SH SOLE 301924 0 0 EATON CORP COM 278058102 3659 99262 SH SOLE 99262 0 0 ENTERGY CORP NEW COM 29364G103 6738 98955 SH SOLE 98955 0 0 EATON VANCE SR INCOME TR SH BE COM 27826S103 791 222689 SH SOLE 222689 0 0 EATON VANCE LTD DUR INCOME F COM 27828H105 1051 100000 SH SOLE 100000 0 0 EDWARDS LIFESCIENCES CORP COM 28176E108 289 4767 SH SOLE 4767 0 0 ISHARES INC MSCI AUSTRALIA COM 464286103 1324 98900 SH SOLE 98900 0 0 ISHARES INC MSCI CDA INDEX COM 464286509 1526 92687 SH SOLE 92687 0 0 ISHARES INC MSCI SWEDEN COM 464286756 552 39497 SH SOLE 39497 0 0 ISHARES INC MSCI GERMAN COM 464286806 1253 83707 SH SOLE 83707 0 0 ISHARES INC MSCI HONG KONG COM 464286871 2340 230135 SH SOLE 230135 0 0 ISHARES INC MSCI ITALY COM 464286855 620 49056 SH SOLE 49056 0 0 ISHARES INC MSCI JAPAN COM 464286848 1920 242984 SH SOLE 242984 0 0 ISHARES INC MSCI JAPAN OPTION 464286848 1025 22500 SH CALL SOLE 22500 0 0 ISHARES INC MSCI BELG INVEST COM 464286301 299 37282 SH SOLE 37282 0 0 ISHARES INC MSCI SWITZERLD COM 464286749 980 64346 SH SOLE 64346 0 0 ISHARES INC MSCI MALAYSIA COM 464286830 655 93700 SH SOLE 93700 0 0 ISHARES INC MSCI NETHR INVES COM 464286814 597 47876 SH SOLE 47876 0 0 ISHARES INC MSCI SPAIN COM 464286764 343 11416 SH SOLE 11416 0 0 ISHARES INC MSCI FRANCE COM 464286707 1580 91844 SH SOLE 91844 0 0 ISHARES INC MSCI SINGAPORE COM 464286673 377 59891 SH SOLE 59891 0 0 ISHARES INC MSCI TAIWAN COM 464286731 4436 549644 SH SOLE 549644 0 0 ISHARES INC MSCI UTD KINGD COM 464286699 2709 258460 SH SOLE 258460 0 0 ISHARES INC MSCI MEX INVEST COM 464286822 18084 661932 SH SOLE 661932 0 0 ISHARES INC MSCI S KOREA COM 464286772 1697 59621 SH SOLE 59621 0 0 ISHARES INC MSCI BRAZIL COM 464286400 43669 1158341 SH SOLE 1158341 0 0 EXELON CORP COM 30161N101 10268 226218 SH SOLE 226218 0 0 EXTERRAN HLDGS INC COM 30225X103 474 29563 SH SOLE 29563 0 0 EXPEDITORS INTL WASH INC COM 302130109 4666 164924 SH SOLE 164924 0 0 EXPEDIA INC DEL COM 30212P105 2606 286977 SH SOLE 286977 0 0 EXTRA SPACE STORAGE INC COM 30225T102 65 11844 SH SOLE 11844 0 0 ISHARES INC MSCI STH AFRCA COM 464286780 712 19152 SH SOLE 19152 0 0 FORD MTR CO DEL PAR $0.01 COM 345370860 3840 1460103 SH SOLE 1460103 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 222 12143 SH CALL SOLE 12143 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 5977 13330 SH PUT SOLE 13330 0 0 FORD MTR CO DEL BOND CV 345370CF5 1656563 47500000 PRN SOLE 47500000 0 0 FIRST AMERN CORP CALIF COM 318522307 236 8898 SH SOLE 8898 0 0 DIREXION SHS ETF TR FINL BULL COM 25459W508 52804 9600688 SH SOLE 9600688 0 0 FASTENAL CO COM 311900104 1931 60045 SH SOLE 60045 0 0 FIRST BANCORP P R COM 318672102 180 42167 SH SOLE 42167 0 0 FRIEDMAN BILLINGS RAMSEY GRO COM 358434108 2 10709 SH SOLE 10709 0 0 FIRST TR FOUR CRNRS SR FLT R C COM 33733Q107 654 85085 SH SOLE 85085 0 0 FTI CONSULTING INC COM 302941109 239 4834 SH SOLE 4834 0 0 ABERDEEN GLOBAL INCOME FD IN COM 003013109 722 85000 SH SOLE 85000 0 0 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 51 13728 SH SOLE 13728 0 0 FIRST TR/FOUR CRNRS SR FLOAT COM 33733U108 2880 357806 SH SOLE 357806 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 11653 305767 SH SOLE 305767 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 1275 6274 SH PUT SOLE 6274 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 1330 2061 SH CALL SOLE 2061 0 0 FREEPORT-MCMORAN COPPER & GO P COM 35671D782 14371 223900 SH SOLE 223900 0 0 FAMILY DLR STORES INC COM 307000109 1603 48027 SH SOLE 48027 0 0 FEDEX CORP COM 31428X106 12162 273355 SH SOLE 273355 0 0 FEDEX CORP OPTION 31428X106 3340 5646 SH PUT SOLE 5646 0 0 FIRSTENERGY CORP COM 337932107 7301 189156 SH SOLE 189156 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page13 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FIRST TR ENHANCED EQTY INC F COM 337318109 821 105048 SH SOLE 105048 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 568 63750 SH SOLE 63750 0 0 FIRST HORIZON NATL CORP COM 320517105 342 31825 SH SOLE 31825 0 0 FEDERATED INVS INC PA CL B COM 314211103 298 13392 SH SOLE 13392 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 329 18060 SH SOLE 18060 0 0 FISERV INC COM 337738108 2220 60889 SH SOLE 60889 0 0 FIFTH THIRD BANCORP COM 316773100 613 209873 SH SOLE 209873 0 0 FIFTH THIRD BANCORP CNV PFD DE COM 316773209 11901 288857 SH SOLE 288857 0 0 COMFORT SYS USA INC COM 199908104 289 27842 SH SOLE 27842 0 0 FOOT LOCKER INC COM 344849104 391 37356 SH SOLE 37356 0 0 FLEXTRONICS INTL LTD COM Y2573F102 1123 388686 SH SOLE 388686 0 0 FLIR SYS INC COM 302445101 3237 158044 SH SOLE 158044 0 0 FLUOR CORP NEW COM 343412102 3281 94968 SH SOLE 94968 0 0 FLOWSERVE CORP COM 34354P105 751 13378 SH SOLE 13378 0 0 F M C CORP COM 302491303 381 8828 SH SOLE 8828 0 0 FOCUS MEDIA HLDG LTD COM 34415V109 12180 1791141 SH SOLE 1791141 0 0 FIRSTMERIT CORP COM 337915102 1622 89140 SH SOLE 89140 0 0 FRESENIUS MED CARE AG&CO KGA COM 358029106 4747 122652 SH SOLE 122652 0 0 FOMENTO ECONOMICO MEXICANO S S COM 344419106 3384 134245 SH SOLE 134245 0 0 FNB CORP PA COM 302520101 1010 131659 SH SOLE 131659 0 0 FIDELITY NATIONAL FINANCIAL COM 31620R105 410 21000 SH SOLE 21000 0 0 FIRST NIAGARA FINL GP INC COM 33582V108 636 58366 SH SOLE 58366 0 0 FEDERAL NATL MTG ASSN COM 313586109 877 1253511 SH SOLE 1253511 0 0 FEDERAL NATL MTG ASSN OPTION 313586109 296 302 SH PUT SOLE 302 0 0 FINISAR COM 31787A101 13 30381 SH SOLE 30381 0 0 FORTUNE BRANDS INC COM 349631101 1242 50578 SH SOLE 50578 0 0 FPL GROUP INC COM 302571104 9532 187899 SH SOLE 187899 0 0 BLACKROCK FLOAT RATE OME STR COM 09255X100 781 87200 SH SOLE 87200 0 0 BLACKROCK FL RATE OME STRA I C COM 09255Y108 754 94186 SH SOLE 94186 0 0 FEDERAL HOME LN MTG CORP COM 313400301 97 127652 SH SOLE 127652 0 0 FREDS INC COM 356108100 121 10741 SH SOLE 10741 0 0 FAIRPOINT COMMUNICATIONS INC COM 305560104 13 16282 SH SOLE 16282 0 0 FEDERAL REALTY INVT TR SH BEN COM 313747206 472 10255 SH SOLE 10255 0 0 FOREST LABS INC COM 345838106 2582 117586 SH SOLE 117586 0 0 FIRST SOLAR INC COM 336433107 5391 40626 SH SOLE 40626 0 0 FRONTIER FINL CORP WASH COM 35907K105 14 13036 SH SOLE 13036 0 0 FRANCE TELECOM COM 35177Q105 3984 175834 SH SOLE 175834 0 0 FUEL TECH INC COM 359523107 442 42241 SH SOLE 42241 0 0 FMC TECHNOLOGIES INC COM 30249U101 400 12759 SH SOLE 12759 0 0 FRONTIER COMMUNICATIONS CORP COM 35906A108 1042 145119 SH SOLE 145119 0 0 FUJIFILM HLDGS CORP COM 35958N107 431 19602 SH SOLE 19602 0 0 FULTON FINL CORP PA COM 360271100 79 11865 SH SOLE 11865 0 0 FOSTER WHEELER AG COM H27178104 1598 91484 SH SOLE 91484 0 0 ISHARES TR FTSE XNHUA IDX COM 464287184 40957 1435563 SH SOLE 1435563 0 0 PROSHARES TR PSHS UL XIN CH25 COM 74347R321 704 26508 SH SOLE 26508 0 0 NICOR INC COM 654086107 3529 106190 SH SOLE 106190 0 0 GENERAL MTRS CORP DEB SR CONV BCOM 370442733 6350 2500000 SH SOLE 2500000 0 0 GANNETT INC COM 364730101 202 92015 SH SOLE 92015 0 0 DWS GLOBAL COMMODITIES STK F COM 23338Y100 1492 261768 SH SOLE 261768 0 0 GENERAL DYNAMICS CORP COM 369550108 10392 249859 SH SOLE 249859 0 0 GENERAL DYNAMICS CORP OPTION 369550108 821 1372 SH PUT SOLE 1372 0 0 GABELLI DIVD & INCOME TR COM 36242H104 637 76327 SH SOLE 76327 0 0 MARKET VECTORS ETF TR GOLD MIN COM 57060U100 328 8884 SH SOLE 8884 0 0 MARKET VECTORS ETF TR GOLD MIN OPTION 57060U100 908 2750 SH CALL SOLE 2750 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page14 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MARKET VECTORS ETF TR GOLD MIN OPTION 57060U100 1015 2750 SH PUT SOLE 2750 0 0 GENERAL ELECTRIC CO COM 369604103 84775 8385264 SH SOLE 8385264 0 0 GENERAL ELECTRIC CO OPTION 369604103 4190 122140 SH CALL SOLE 122140 0 0 GENERAL ELECTRIC CO OPTION 369604103 44095 136905 SH PUT SOLE 136905 0 0 GENZYME CORP COM 372917104 26368 443977 SH SOLE 443977 0 0 GENZYME CORP OPTION 372917104 820 2000 SH PUT SOLE 2000 0 0 GENZYME CORP OPTION 372917104 406 1170 SH CALL SOLE 1170 0 0 GAFISA S A SPONS COM 362607301 279 27966 SH SOLE 27966 0 0 GOLD FIELDS LTD NEW COM 38059T106 3751 330749 SH SOLE 330749 0 0 GFI GROUP INC COM 361652209 61 18989 SH SOLE 18989 0 0 GOLDCORP INC NEW COM 380956409 37971 1139591 SH SOLE 1139591 0 0 GERDAU S A COM 373737105 12096 2211284 SH SOLE 2211284 0 0 GRACO INC COM 384109104 324 18993 SH SOLE 18993 0 0 GENERAL GROWTH PPTYS INC COM 370021107 8920 12564072 SH SOLE 12564072 0 0 GREENHILL & CO INC COM 395259104 319 4318 SH SOLE 4318 0 0 GILEAD SCIENCES INC COM 375558103 28659 618708 SH SOLE 618708 0 0 GENERAL MLS INC COM 370334104 8903 178480 SH SOLE 178480 0 0 GENERAL MLS INC OPTION 370334104 478 819 SH PUT SOLE 819 0 0 GLOBAL CROSSING LTD BOND CV 37932JAA1 762400 15248000 PRN SOLE 15248000 0 0 SPDR GOLD TRUST GOLD SHS COM 78463V107 83086 920311 SH SOLE 920311 0 0 CORNING INC COM 219350105 6990 526763 SH SOLE 526763 0 0 CORNING INC OPTION 219350105 483 4112 SH CALL SOLE 4112 0 0 CORNING INC OPTION 219350105 1884 7399 SH PUT SOLE 7399 0 0 GENERAL MTRS CORP COM 370442105 1557 802751 SH SOLE 802751 0 0 GENERAL MTRS CORP OPTION 370442105 56228 27044 SH PUT SOLE 27044 0 0 GREEN MTN COFFEE ROASTERS IN COM 393122106 461 9597 SH SOLE 9597 0 0 GAMESTOP CORP NEW COM 36467W109 2860 102058 SH SOLE 102058 0 0 GMARKET INC SPON COM 38012G100 6386 389125 SH SOLE 389125 0 0 GMX RES INC COM 38011M108 462 71068 SH SOLE 71068 0 0 GENERAL COMMUNICATION INC COM 369385109 74 11054 SH SOLE 11054 0 0 GENWORTH FINL INC COM COM 37247D106 211 111212 SH SOLE 111212 0 0 GOL LINHAS AEREAS INTLG S A SP COM 38045R107 129 45571 SH SOLE 45571 0 0 RANDGOLD RES LTD OPTION 752344309 1460 500 SH CALL SOLE 500 0 0 GOOGLE INC COM 38259P508 73780 211974 SH SOLE 211974 0 0 GOOGLE INC OPTION 38259P508 3517 2301 SH CALL SOLE 2301 0 0 GOOGLE INC OPTION 38259P508 22022 5360 SH PUT SOLE 5360 0 0 GENUINE PARTS CO COM 372460105 3135 104992 SH SOLE 104992 0 0 GENERAL MTRS CORP DEB SR CV C COM 370442717 2413 950000 SH SOLE 950000 0 0 GEN-PROBE INC NEW COM 36866T103 223 4896 SH SOLE 4896 0 0 GAP INC DEL COM 364760108 2446 188265 SH SOLE 188265 0 0 GOODRICH CORP COM 382388106 69999 1847433 SH SOLE 1847433 0 0 GARMIN LTD COM G37260109 3207 151206 SH SOLE 151206 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 26787 252658 SH SOLE 252658 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 2926 2951 SH CALL SOLE 2951 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 9116 7554 SH PUT SOLE 7554 0 0 GLAXOSMITHKLINE PLC COM 37733W105 695 22360 SH SOLE 22360 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 417 66690 SH SOLE 66690 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 1819 1290 SH PUT SOLE 1290 0 0 GRAN TIERRA ENERGY INC COM 38500T101 29 11647 SH SOLE 11647 0 0 GUSHAN ENVIRONMENTAL ENRGY L S COM 40330W106 86 50768 SH SOLE 50768 0 0 GRANITE CONSTR INC COM 387328107 881 23503 SH SOLE 23503 0 0 GRAINGER W W INC COM 384802104 2001 28508 SH SOLE 28508 0 0 GYMBOREE CORP COM 403777105 1297 60742 SH SOLE 60742 0 0 HAEMONETICS CORP COM 405024100 260 4729 SH SOLE 4729 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page15 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HALLIBURTON CO COM 406216101 35513 2295585 SH SOLE 2295585 0 0 HALLIBURTON CO OPTION 406216101 381 13322 SH CALL SOLE 13322 0 0 HALLIBURTON CO OPTION 406216101 14486 20163 SH PUT SOLE 20163 0 0 HANSEN NAT CORP COM 411310105 1784 49556 SH SOLE 49556 0 0 HARMAN INTL INDS INC COM 413086109 223 16504 SH SOLE 16504 0 0 HASBRO INC COM 418056107 1913 76302 SH SOLE 76302 0 0 HUNTINGTON BANCSHARES INC COM 446150104 5796 3491438 SH SOLE 3491438 0 0 HSBC HLDGS PLC SPON COM 404280406 7841 277852 SH SOLE 277852 0 0 HANESBRANDS INC COM 410345102 215 22439 SH SOLE 22439 0 0 HUDSON CITY BANCORP COM 443683107 2090 178747 SH SOLE 178747 0 0 FIDUCIARY CLAYMORE DYNM EQ F COM 31647T100 790 200000 SH SOLE 200000 0 0 HEALTH CARE REIT INC COM 42217K106 740 24180 SH SOLE 24180 0 0 HCP INC COM 40414L109 1362 76290 SH SOLE 76290 0 0 HCP INC OPTION 40414L109 444 486 SH PUT SOLE 486 0 0 HOME DEPOT INC COM 437076102 29162 1237791 SH SOLE 1237791 0 0 HOME DEPOT INC OPTION 437076102 4526 23593 SH CALL SOLE 23593 0 0 HOME DEPOT INC OPTION 437076102 4986 22821 SH PUT SOLE 22821 0 0 HDFC BANK LTD COM 40415F101 8020 131632 SH SOLE 131632 0 0 HAWAIIAN ELEC INDUSTRIES COM 419870100 472 34363 SH SOLE 34363 0 0 HESS CORP COM 42809H107 8041 148351 SH SOLE 148351 0 0 HUMAN GENOME SCIENCES INC COM 444903108 11 13777 SH SOLE 13777 0 0 HUMAN GENOME SCIENCES INC BOND CV 444903AM0 224438 6750000 PRN SOLE 6750000 0 0 HUMAN GENOME SCIENCES INC BOND CV 444903AK4 183750 5000000 PRN SOLE 5000000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 861 109705 SH SOLE 109705 0 0 PETROHAWK ENERGY CORP COM 716495106 865 44982 SH SOLE 44982 0 0 HECLA MNG CO COM 422704106 55 27478 SH SOLE 27478 0 0 HECLA MNG CO 6.5% CONV PFD COM 422704304 1612 75000 SH SOLE 75000 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 27809 5410296 SH SOLE 5410296 0 0 HEALTH MGMT ASSOC INC NEW COM 421933102 43 16622 SH SOLE 16622 0 0 HONDA MOTOR LTD AMERN SHS COM 438128308 972 41012 SH SOLE 41012 0 0 HOME PROPERTIES INC OPTION 437306103 334 532 SH CALL SOLE 532 0 0 HOME INNS & HOTELS MGMT INC SP COM 43713W107 3889 394067 SH SOLE 394067 0 0 HMS HLDGS CORP COM 40425J101 252 7650 SH SOLE 7650 0 0 HEALTH NET INC COM 42222G108 354 24477 SH SOLE 24477 0 0 HEINZ H J CO COM 423074103 4875 147470 SH SOLE 147470 0 0 HEINZ H J CO OPTION 423074103 468 3422 SH CALL SOLE 3422 0 0 HOLLY CORP PAR $0.01 COM 435758305 341 16088 SH SOLE 16088 0 0 HARLEY DAVIDSON INC COM 412822108 2089 155986 SH SOLE 155986 0 0 HOLOGIC INC COM 436440101 2063 157578 SH SOLE 157578 0 0 HOLOGIC INC BOND CV 436440AA9 4361175 63900000 PRN SOLE 63900000 0 0 HONEYWELL INTL INC COM 438516106 10144 364094 SH SOLE 364094 0 0 HONEYWELL INTL INC OPTION 438516106 820 1000 SH PUT SOLE 1000 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 2658 209298 SH SOLE 209298 0 0 HOT TOPIC INC COM 441339108 329 29431 SH SOLE 29431 0 0 HELMERICH & PAYNE INC COM 423452101 1096 48119 SH SOLE 48119 0 0 HEWLETT PACKARD CO COM 428236103 28671 894291 SH SOLE 894291 0 0 HEWLETT PACKARD CO OPTION 428236103 3954 16252 SH CALL SOLE 16252 0 0 HEWLETT PACKARD CO OPTION 428236103 3721 16888 SH PUT SOLE 16888 0 0 BLOCK H & R INC COM 093671105 4051 222699 SH SOLE 222699 0 0 BLOCK H & R INC OPTION 093671105 253 2300 SH CALL SOLE 2300 0 0 BLOCK H & R INC OPTION 093671105 1350 3826 SH PUT SOLE 3826 0 0 HILL ROM HLDGS INC COM 431475102 6290 635966 SH SOLE 635966 0 0 HORMEL FOODS CORP COM 440452100 604 19042 SH SOLE 19042 0 0 HRPT PPTYS TR COM SH BEN INT COM 40426W101 40 12684 SH SOLE 12684 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page16 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HRPT PPTYS TR PFD CONV D COM 40426W507 26533 3008259 SH SOLE 3008259 0 0 HARRIS CORP DEL COM 413875105 2558 88397 SH SOLE 88397 0 0 HEALTHSPRING INC COM 42224N101 250 29821 SH SOLE 29821 0 0 SCHEIN HENRY INC COM 806407102 1369 34229 SH SOLE 34229 0 0 HOSPIRA INC COM 441060100 465 15059 SH SOLE 15059 0 0 HOST HOTELS & RESORTS INC COM 44107P104 326 83228 SH SOLE 83228 0 0 HERSHEY CO COM 427866108 984 28319 SH SOLE 28319 0 0 HUTCHINSON TECHNOLOGY INC BOND CV 448407AF3 51000 2000000 PRN SOLE 2000000 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 73 18637 SH SOLE 18637 0 0 HUBBELL INC CL B COM 443510201 2013 74683 SH SOLE 74683 0 0 HUB GROUP INC COM 443320106 700 41157 SH SOLE 41157 0 0 HUMANA INC COM 444859102 806 30914 SH SOLE 30914 0 0 HUNTSMAN CORP COM 447011107 4222 1348858 SH SOLE 1348858 0 0 HURON CONSULTING GROUP INC COM 447462102 399 9408 SH SOLE 9408 0 0 HEADWATERS INC COM 42210P102 39 12375 SH SOLE 12375 0 0 IAC INTERACTIVECORP PAR $.001 COM 44919P508 2141 140604 SH SOLE 140604 0 0 ISHARES TR DJ BROKER-DEAL COM 464288794 6990 350000 SH SOLE 350000 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 105358 1087397 SH SOLE 1087397 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 2674 14624 SH PUT SOLE 14624 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 9525 12296 SH CALL SOLE 12296 0 0 ICICI BK LTD COM 45104G104 11172 840653 SH SOLE 840653 0 0 EMPRESAS ICA S A DE CV SPONS COM 292448206 115 17077 SH SOLE 17077 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 1049 14090 SH SOLE 14090 0 0 INTERCONTINENTALEXCHANGE INC OPTION 45865V100 562 360 SH CALL SOLE 360 0 0 ISHARES TR COHEN&ST RLTY COM 464287564 12102 435953 SH SOLE 435953 0 0 INTERNATIONAL COAL GRP INC N COM 45928H106 25 15393 SH SOLE 15393 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 318 69827 SH SOLE 69827 0 0 ISHARES TR DJ US UTILS COM 464287697 4135 67945 SH SOLE 67945 0 0 ISHARES TR BARCLYS 7-10 YR COM 464287440 299 3100 SH SOLE 3100 0 0 ISHARES TR DJ OIL&GAS EXP COM 464288851 2054 60000 SH SOLE 60000 0 0 ISHARES TR S&P EURO PLUS COM 464287861 219 8566 SH SOLE 8566 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1670 54835 SH SOLE 54835 0 0 INFINEON TECHNOLOGIES AG COM 45662N103 861 761957 SH SOLE 761957 0 0 ISHARES TR S&P NA NAT RES COM 464287374 2543 107644 SH SOLE 107644 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 1013 109906 SH SOLE 109906 0 0 ISHARES TR S&P NA SOFTWR COM 464287515 19181 580000 SH SOLE 580000 0 0 IHS INC COM 451734107 222 5393 SH SOLE 5393 0 0 ISHARES TR S&P MIDCAP 400 COM 464287507 615 12627 SH SOLE 12627 0 0 ISHARES TR S&P LTN AM 40 COM 464287390 6633 258684 SH SOLE 258684 0 0 ILLUMINA INC COM 452327109 1332 35780 SH SOLE 35780 0 0 INGRAM MICRO INC COM 457153104 152 12000 SH SOLE 12000 0 0 INVERNESS MED INNOVATIONS IN P COM 46126P304 37603 224928 SH SOLE 224928 0 0 INFOSYS TECHNOLOGIES LTD COM 456788108 13746 516180 SH SOLE 516180 0 0 INFOSYS TECHNOLOGIES LTD OPTION 456788108 486 1800 SH CALL SOLE 1800 0 0 ING GROEP N V COM 456837103 2210 406173 SH SOLE 406173 0 0 INTEL CORP COM 458140100 99340 6609478 SH SOLE 6609478 0 0 INTEL CORP OPTION 458140100 590 4000 SH PUT SOLE 4000 0 0 INTEL CORP OPTION 458140100 10955 47629 SH CALL SOLE 47629 0 0 INTEL CORP OPTION 458140100 26316 53187 SH PUT SOLE 53187 0 0 INTUIT COM 461202103 6485 240198 SH SOLE 240198 0 0 INTL PAPER CO COM 460146103 2638 374654 SH SOLE 374654 0 0 INTL PAPER CO OPTION 460146103 2286 3915 SH PUT SOLE 3915 0 0 IPC HLDGS LTD COM G4933P101 220 8119 SH SOLE 8119 0 0 INTERPUBLIC GROUP COS INC COM 460690100 503 122159 SH SOLE 122159 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page17 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- INTERPUBLIC GROUP COS INC OPTION 460690100 525 1458 SH PUT SOLE 1458 0 0 INTREPID POTASH INC COM 46121Y102 216 11685 SH SOLE 11685 0 0 INGERSOLL-RAND COMPANY LTD COM G4776G101 1937 140332 SH SOLE 140332 0 0 INLAND REAL ESTATE CORP BOND CV 457461AB7 1450313 21250000 PRN SOLE 21250000 0 0 INVESTORS REAL ESTATE TR SH BE COM 461730103 117 11841 SH SOLE 11841 0 0 IRON MTN INC COM 462846106 1292 58282 SH SOLE 58282 0 0 IRON MTN INC OPTION 462846106 335 1266 SH CALL SOLE 1266 0 0 INTERSIL CORP COM 46069S109 916 79665 SH SOLE 79665 0 0 ISIS PHARMACEUTICALS INC COM 464330109 339 22557 SH SOLE 22557 0 0 INTUITIVE SURGICAL INC COM 46120E602 2894 30352 SH SOLE 30352 0 0 ITC HLDGS CORP COM 465685105 297 6818 SH SOLE 6818 0 0 ITRON INC COM 465741106 780 16464 SH SOLE 16464 0 0 ITT CORP NEW COM 450911102 3371 87634 SH SOLE 87634 0 0 BANCO ITAU HLDG FINANCIERA S SPCOM 059602201 18008 1655156 SH SOLE 1655156 0 0 ILLINOIS TOOL WKS INC COM 452308109 2297 74464 SH SOLE 74464 0 0 I2 TECHNOLOGIES INC COM 465754208 268 33923 SH SOLE 33923 0 0 ISHARES TR S&P 500 VALUE COM 464287408 3204 86132 SH SOLE 86132 0 0 ISHARES TR S&P 500 INDEX COM 464287200 11790 148079 SH SOLE 148079 0 0 ISHARES TR S&P500 GRW COM 464287309 18176 434214 SH SOLE 434214 0 0 INVESCO LTD SHS COM G491BT108 844 60876 SH SOLE 60876 0 0 ISHARES TR RUSSELL1000VAL COM 464287598 581 14249 SH SOLE 14249 0 0 ISHARES TR RUSSELL1000GRW COM 464287614 637 18149 SH SOLE 18149 0 0 ISHARES TR RUSSELL 2000 COM 464287655 316819 7534351 SH SOLE 7534351 0 0 ISHARES TR DJ US ENERGY COM 464287796 2505 98840 SH SOLE 98840 0 0 ISHARES TR DJ US FINL SVC COM 464287770 1265 36782 SH SOLE 36782 0 0 ISHARES TR DJ US REAL EST COM 464287739 45983 1806103 SH SOLE 1806103 0 0 ISHARES TR TRANSP AVE IDX COM 464287192 13074 273750 SH SOLE 273750 0 0 JARDEN CORP COM 471109108 290 22894 SH SOLE 22894 0 0 SUN MICROSYSTEMS INC COM 866810203 2226 304113 SH SOLE 304113 0 0 SUN MICROSYSTEMS INC OPTION 866810203 218 807 SH CALL SOLE 807 0 0 HUNT J B TRANS SVCS INC COM 445658107 752 31204 SH SOLE 31204 0 0 JABIL CIRCUIT INC COM 466313103 249 44845 SH SOLE 44845 0 0 JOHNSON CTLS INC COM 478366107 1593 132783 SH SOLE 132783 0 0 PENNEY J C INC COM 708160106 2255 112345 SH SOLE 112345 0 0 PENNEY J C INC OPTION 708160106 549 979 SH PUT SOLE 979 0 0 JDS UNIPHASE CORP PAR $0.001 COM 46612J507 310 95509 SH SOLE 95509 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 1328 34362 SH SOLE 34362 0 0 NUVEEN FLOATING RATE INCOME COM 67072T108 352 60000 SH SOLE 60000 0 0 HENRY JACK & ASSOC INC COM 426281101 190 11615 SH SOLE 11615 0 0 JOHNSON & JOHNSON COM 478160104 66023 1255192 SH SOLE 1255192 0 0 JOHNSON & JOHNSON OPTION 478160104 535 6071 SH CALL SOLE 6071 0 0 JOHNSON & JOHNSON OPTION 478160104 5002 7600 SH PUT SOLE 7600 0 0 JUNIPER NETWORKS INC COM 48203R104 5183 344395 SH SOLE 344395 0 0 JANUS CAP GROUP INC COM 47102X105 169 25465 SH SOLE 25465 0 0 JOY GLOBAL INC COM 481165108 2212 103838 SH SOLE 103838 0 0 JPMORGAN CHASE & CO COM 46625H100 57085 2147672 SH SOLE 2147672 0 0 JPMORGAN CHASE & CO OPTION 46625H100 34346 127975 SH CALL SOLE 127975 0 0 JPMORGAN CHASE & CO OPTION 46625H100 44045 121448 SH PUT SOLE 121448 0 0 NUVEEN FLTNG RTE INCM OPP FD C COM 6706EN100 632 120000 SH SOLE 120000 0 0 NORDSTROM INC COM 655664100 2650 158205 SH SOLE 158205 0 0 KELLOGG CO COM 487836108 7359 200894 SH SOLE 200894 0 0 KELLOGG CO OPTION 487836108 360 250 SH PUT SOLE 250 0 0 SPDR SERIES TRUST SPDR KBW BK COM 78464A797 2198 158599 SH SOLE 158599 0 0 KB HOME COM 48666K109 184 13924 SH SOLE 13924 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page18 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- KBR INC COM 48242W106 235 16986 SH SOLE 16986 0 0 KINETIC CONCEPTS INC COM 49460W208 1104 52256 SH SOLE 52256 0 0 KOREA ELECTRIC PWR COM 500631106 583 63736 SH SOLE 63736 0 0 KIRBY CORP COM 497266106 249 9336 SH SOLE 9336 0 0 KEYCORP NEW COM 493267108 853 108337 SH SOLE 108337 0 0 KEYCORP NEW OPTION 493267108 310 4539 SH CALL SOLE 4539 0 0 KEYCORP NEW PFD 7.75% SR A COM 493267405 45107 630605 SH SOLE 630605 0 0 KRAFT FOODS INC COM 50075N104 18947 850039 SH SOLE 850039 0 0 KRAFT FOODS INC OPTION 50075N104 1108 10629 SH CALL SOLE 10629 0 0 KRAFT FOODS INC OPTION 50075N104 2401 4079 SH PUT SOLE 4079 0 0 KING PHARMACEUTICALS INC COM 495582108 457 64623 SH SOLE 64623 0 0 KINROSS GOLD CORP COM NO PAR COM 496902404 226 12622 SH SOLE 12622 0 0 SPDR SERIES TRUST SPDR KBW INS COM 78464A789 499 25000 SH SOLE 25000 0 0 KIMCO REALTY CORP COM 49446R109 281 36843 SH SOLE 36843 0 0 KLA-TENCOR CORP COM 482480100 3206 160310 SH SOLE 160310 0 0 KLA-TENCOR CORP OPTION 482480100 226 200 SH PUT SOLE 200 0 0 KIMBERLY CLARK CORP COM 494368103 11184 242545 SH SOLE 242545 0 0 KINDER MORGAN ENERGY PARTNER U COM 494550106 651 13931 SH SOLE 13931 0 0 KENNAMETAL INC COM 489170100 807 49764 SH SOLE 49764 0 0 CARMAX INC COM 143130102 271 21762 SH SOLE 21762 0 0 KNOT INC COM 499184109 86 10536 SH SOLE 10536 0 0 COCA COLA CO COM 191216100 55194 1255842 SH SOLE 1255842 0 0 COCA COLA CO OPTION 191216100 779 2921 SH CALL SOLE 2921 0 0 COCA COLA CO OPTION 191216100 1599 2367 SH PUT SOLE 2367 0 0 KROGER CO COM 501044101 3409 160628 SH SOLE 160628 0 0 KROGER CO OPTION 501044101 311 800 SH PUT SOLE 800 0 0 SPDR SERIES TRUST KBW REGN BK COM 78464A698 8703 452798 SH SOLE 452798 0 0 KOHLS CORP COM 500255104 3735 88258 SH SOLE 88258 0 0 KYOCERA CORP COM 501556203 948 14159 SH SOLE 14159 0 0 LOEWS CORP COM 540424108 1863 84282 SH SOLE 84282 0 0 LABRANCHE & CO INC COM 505447102 48 12907 SH SOLE 12907 0 0 LATIN AMER EQUITY FD INC NEW COM 51827Q106 1034 52199 SH SOLE 52199 0 0 LAZARD LTD SHS A OPTION G54050102 255 500 SH CALL SOLE 500 0 0 LIBERTY GLOBAL INC COM SER A COM 530555101 724 49728 SH SOLE 49728 0 0 LDK SOLAR CO LTD COM 50183L107 129 20384 SH SOLE 20384 0 0 LEAP WIRELESS INTL INC COM 521863308 283 8128 SH SOLE 8128 0 0 LINCOLN ELEC HLDGS INC COM 533900106 1324 41772 SH SOLE 41772 0 0 LEGGETT & PLATT INC COM 524660107 1838 141459 SH SOLE 141459 0 0 LENNAR CORP COM 526057104 278 36971 SH SOLE 36971 0 0 LENNAR CORP OPTION 526057104 1073 1616 SH PUT SOLE 1616 0 0 CHINA LIFE INS CO LTD SPON COM 16939P106 9316 189199 SH SOLE 189199 0 0 CHINA LIFE INS CO LTD SPON OPTION 16939P106 677 3160 SH PUT SOLE 3160 0 0 LIGAND PHARMACEUTICALS INC CL BCOM 53220K207 2054 689258 SH SOLE 689258 0 0 ISHARES TR DJ US REAL EST OPTION 464287739 4035 2881 SH PUT SOLE 2881 0 0 GOLDCORP INC NEW OPTION 380956409 1919 1338 SH PUT SOLE 1338 0 0 LABORATORY CORP AMER HLDGS COM 50540R409 1793 30653 SH SOLE 30653 0 0 LIFE TECHNOLOGIES CORP COM 53217V109 2428 74760 SH SOLE 74760 0 0 LINN ENERGY LLC UNIT LTD LIAB COM 536020100 7675 515118 SH SOLE 515118 0 0 LIBERTY MEDIA CORP NEW INT COM COM 53071M104 633 218215 SH SOLE 218215 0 0 ISHARES INC MSCI MEX INVEST OPTION 464286822 274 2210 SH CALL SOLE 2210 0 0 ISHARES INC MSCI MEX INVEST OPTION 464286822 3064 2200 SH PUT SOLE 2200 0 0 LKQ CORP COM 501889208 1701 119201 SH SOLE 119201 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 2549 37591 SH SOLE 37591 0 0 LINEAR TECHNOLOGY CORP COM 535678106 4827 210030 SH SOLE 210030 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page19 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- LILLY ELI & CO COM 532457108 21692 649252 SH SOLE 649252 0 0 LILLY ELI & CO OPTION 532457108 2318 10148 SH CALL SOLE 10148 0 0 LILLY ELI & CO OPTION 532457108 15607 12402 SH PUT SOLE 12402 0 0 LEGG MASON INC COM 524901105 567 35658 SH SOLE 35658 0 0 LIBERTY MEDIA CORP NEW ENT COM COM 53071M500 995 49860 SH SOLE 49860 0 0 LEGG MASON INC UNIT 99/99/9999 COM 524901303 32226 1766800 SH SOLE 1766800 0 0 LOCKHEED MARTIN CORP COM 539830109 17161 248609 SH SOLE 248609 0 0 LOCKHEED MARTIN CORP OPTION 539830109 916 2437 SH PUT SOLE 2437 0 0 LINCOLN NATL CORP IND COM 534187109 358 53448 SH SOLE 53448 0 0 LINCARE HLDGS INC COM 532791100 434 19899 SH SOLE 19899 0 0 CHENIERE ENERGY INC COM 16411R208 281 65949 SH SOLE 65949 0 0 CHENIERE ENERGY INC BOND CV 16411RAE9 363750 15000000 PRN SOLE 15000000 0 0 ISHARES TR MSCI EAFE IDX OPTION 464287465 6634 17829 PRN PUT SOLE 17829 0 0 ALLIANT ENERGY CORP COM 018802108 1943 78706 SH SOLE 78706 0 0 LORILLARD INC COM 544147101 2143 34702 SH SOLE 34702 0 0 LOGITECH INTL S A SHS COM H50430232 1630 158562 SH SOLE 158562 0 0 LOWES COS INC COM 548661107 6829 374169 SH SOLE 374169 0 0 LOWES COS INC OPTION 548661107 549 7104 SH PUT SOLE 7104 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 201 9644 SH SOLE 9644 0 0 LIFEPOINT HOSPITALS INC BOND CV 53219LAH2 1065000 15000000 PRN SOLE 15000000 0 0 LOUISIANA PAC CORP COM 546347105 304 136453 SH SOLE 136453 0 0 LAM RESEARCH CORP COM 512807108 2160 94843 SH SOLE 94843 0 0 LAM RESEARCH CORP OPTION 512807108 316 400 SH PUT SOLE 400 0 0 LSI CORPORATION COM 502161102 750 246652 SH SOLE 246652 0 0 LIMITED BRANDS INC COM 532716107 730 83882 SH SOLE 83882 0 0 LIMITED BRANDS INC OPTION 532716107 3726 6460 SH PUT SOLE 6460 0 0 LUCENT TECHNOLOGIES INC DBCV 2 BOND CV 549463AH0 139875 2999999 PRN SOLE 2999999 0 0 LEUCADIA NATL CORP COM 527288104 1051 70560 SH SOLE 70560 0 0 SOUTHWEST AIRLS CO COM 844741108 1324 209085 SH SOLE 209085 0 0 LUXOTTICA GROUP S P A COM 55068R202 916 59490 SH SOLE 59490 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 296 322118 SH SOLE 322118 0 0 LAS VEGAS SANDS CORP COM 517834107 664 220757 SH SOLE 220757 0 0 LEXMARK INTL NEW COM 529771107 434 25724 SH SOLE 25724 0 0 LEXINGTON REALTY TRUST PFD CON COM 529043309 12189 880100 SH SOLE 880100 0 0 LLOYDS BANKING GROUP PLC COM 539439109 79 19681 SH SOLE 19681 0 0 MACYS INC COM 55616P104 2322 260848 SH SOLE 260848 0 0 MASTERCARD INC COM 57636Q104 4042 24134 SH SOLE 24134 0 0 PIMCO MUN ADVANTAGE FD INC COM 722015104 2288 250000 SH SOLE 250000 0 0 MANPOWER INC COM 56418H100 251 7953 SH SOLE 7953 0 0 MANHATTAN ASSOCS INC COM 562750109 302 17431 SH SOLE 17431 0 0 MARRIOTT INTL INC NEW COM 571903202 1520 92926 SH SOLE 92926 0 0 MASCO CORP COM 574599106 1672 239520 SH SOLE 239520 0 0 MATTEL INC COM 577081102 3027 262545 SH SOLE 262545 0 0 MARTEK BIOSCIENCES CORP COM 572901106 306 16742 SH SOLE 16742 0 0 MBIA INC COM 55262C100 135 29453 SH SOLE 29453 0 0 MOBILE TELESYSTEMS OJSC COM 607409109 7842 262114 SH SOLE 262114 0 0 MCDONALDS CORP COM 580135101 43961 805596 SH SOLE 805596 0 0 MCDONALDS CORP OPTION 580135101 578 2026 SH PUT SOLE 2026 0 0 MCDONALDS CORP OPTION 580135101 1205 2386 SH CALL SOLE 2386 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 2334 110169 SH SOLE 110169 0 0 MCKESSON CORP COM 58155Q103 3402 97087 SH SOLE 97087 0 0 MOODYS CORP COM 615369105 1309 57107 SH SOLE 57107 0 0 MERCURY GENL CORP NEW COM 589400100 2458 82759 SH SOLE 82759 0 0 MEDNAX INC COM 58502B106 1102 37399 SH SOLE 37399 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page20 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MCDERMOTT INTL INC COM 580037109 588 43905 SH SOLE 43905 0 0 MEDTRONIC INC COM 585055106 17051 578581 SH SOLE 578581 0 0 MEDTRONIC INC OPTION 585055106 1110 5988 SH PUT SOLE 5988 0 0 MEDTRONIC INC OPTION 585055106 674 5695 SH CALL SOLE 5695 0 0 MDU RES GROUP INC COM 552690109 292 18108 SH SOLE 18108 0 0 MIDCAP SPDR TR UNIT SER 1 COM 595635103 132957 1500812 SH SOLE 1500812 0 0 MASSEY ENERGY CORP COM 576206106 264 26113 SH SOLE 26113 0 0 MESA AIR GROUP INC COM 590479101 933 7315268 SH SOLE 7315268 0 0 METLIFE INC COM 59156R108 4954 217548 SH SOLE 217548 0 0 METLIFE INC OPTION 59156R108 268 813 SH CALL SOLE 813 0 0 METLIFE INC OPTION 59156R108 299 698 SH PUT SOLE 698 0 0 MF GLOBAL LTD SHS COM G60642108 53 12543 SH SOLE 12543 0 0 MFA FINANCIAL INC COM 55272X102 1764 300000 SH SOLE 300000 0 0 MCAFEE INC COM 579064106 479 14289 SH SOLE 14289 0 0 MIZUHO FINL GROUP INC COM 60687Y109 41 10327 SH SOLE 10327 0 0 MULTI FINELINE ELECTRONIX IN COM 62541B101 298 17702 SH SOLE 17702 0 0 ASML HOLDING N V NY REG SHS OPTION N07059186 229 1992 SH CALL SOLE 1992 0 0 MAGELLAN HEALTH SVCS INC COM 559079207 1177 32298 SH SOLE 32298 0 0 MGM MIRAGE COM 552953101 23 10047 SH SOLE 10047 0 0 MCGRAW HILL COS INC COM 580645109 2639 115409 SH SOLE 115409 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 4421 106949 SH SOLE 106949 0 0 MEDCO HEALTH SOLUTIONS INC OPTION 58405U102 237 192 SH PUT SOLE 192 0 0 MARSHALL & ILSLEY CORP NEW COM 571837103 426 75626 SH SOLE 75626 0 0 MILLICOM INTL CELLULAR S A SHS COM L6388F110 9561 258127 SH SOLE 258127 0 0 MILLIPORE CORP COM 601073109 2240 39025 SH SOLE 39025 0 0 MIRANT CORP NEW COM 60467R100 96756 8487326 SH SOLE 8487326 0 0 MCCORMICK & CO INC COM NON VTG COM 579780206 1342 45373 SH SOLE 45373 0 0 MARTIN MARIETTA MATLS INC COM 573284106 339 4270 SH SOLE 4270 0 0 MARSH & MCLENNAN COS INC COM 571748102 1722 85047 SH SOLE 85047 0 0 3M CO COM 88579Y101 50192 1009493 SH SOLE 1009493 0 0 3M CO OPTION 88579Y101 732 5870 SH CALL SOLE 5870 0 0 3M CO OPTION 88579Y101 4104 14038 SH PUT SOLE 14038 0 0 ALTRIA GROUP INC COM 02209S103 38681 2414572 SH SOLE 2414572 0 0 ALTRIA GROUP INC OPTION 02209S103 1966 19061 SH CALL SOLE 19061 0 0 ALTRIA GROUP INC OPTION 02209S103 5305 4137 SH PUT SOLE 4137 0 0 MOLEX INC COM 608554101 313 22784 SH SOLE 22784 0 0 MONSANTO CO NEW COM 61166W101 15274 183800 SH SOLE 183800 0 0 MONSANTO CO NEW OPTION 61166W101 1227 2356 SH PUT SOLE 2356 0 0 MONSANTO CO NEW OPTION 61166W101 789 3574 SH CALL SOLE 3574 0 0 MARKET VECTORS ETF TR AGRIBUS COM 57060U605 373 13180 SH SOLE 13180 0 0 MOSAIC CO COM 61945A107 7127 169779 SH SOLE 169779 0 0 MOTOROLA INC COM 620076109 11150 2635973 SH SOLE 2635973 0 0 MOTOROLA INC OPTION 620076109 981 16612 SH CALL SOLE 16612 0 0 MOTOROLA INC OPTION 620076109 785 7000 SH PUT SOLE 7000 0 0 MOVE INC COM COM 62458M108 15 10210 SH SOLE 10210 0 0 MPS GROUP INC COM 553409103 312 52441 SH SOLE 52441 0 0 MEDICAL PPTYS TRUST INC COM 58463J304 61 16750 SH SOLE 16750 0 0 MERCK & CO INC COM 589331107 63917 2389423 SH SOLE 2389423 0 0 MERCK & CO INC OPTION 589331107 6187 27302 SH CALL SOLE 27302 0 0 MERCK & CO INC OPTION 589331107 17379 26349 SH PUT SOLE 26349 0 0 MARATHON OIL CORP COM 565849106 4235 161077 SH SOLE 161077 0 0 MARATHON OIL CORP OPTION 565849106 931 4582 SH PUT SOLE 4582 0 0 MARATHON OIL CORP OPTION 565849106 662 3524 SH CALL SOLE 3524 0 0 MRV COMMUNICATIONS INC COM 553477100 4 12525 SH SOLE 12525 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page21 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MARVELL TECHNOLOGY GROUP LTD COM G5876H105 2555 278941 SH SOLE 278941 0 0 MORGAN STANLEY COM 617446448 20691 908680 SH SOLE 908680 0 0 MORGAN STANLEY OPTION 617446448 1965 8089 SH CALL SOLE 8089 0 0 MORGAN STANLEY OPTION 617446448 11201 16182 SH PUT SOLE 16182 0 0 MICROSOFT CORP COM 594918104 125386 6825586 SH SOLE 6825586 0 0 MICROSOFT CORP OPTION 594918104 8681 75731 SH CALL SOLE 75731 0 0 MICROSOFT CORP OPTION 594918104 61646 101557 SH PUT SOLE 101557 0 0 MSC INDL DIRECT INC COM 553530106 841 27070 SH SOLE 27070 0 0 MICROSTRATEGY INC COM 594972408 279 8173 SH SOLE 8173 0 0 ARCELORMITTAL SA LUXEMBOURG NY COM 03938L104 6209 309843 SH SOLE 309843 0 0 M & T BK CORP COM 55261F104 298 6590 SH SOLE 6590 0 0 MECHEL OAO COM 583840103 1029 246713 SH SOLE 246713 0 0 MITSUBISHI UFJ FINL GROUP IN COM 606822104 170 34637 SH SOLE 34637 0 0 MANITOWOC INC COM 563571108 145 44283 SH SOLE 44283 0 0 MICRON TECHNOLOGY INC COM 595112103 902 222222 SH SOLE 222222 0 0 MICRON TECHNOLOGY INC OPTION 595112103 596 5418 SH CALL SOLE 5418 0 0 MICRON TECHNOLOGY INC BOND CV 595112AH6 409500 9000000 PRN SOLE 9000000 0 0 MURPHY OIL CORP COM 626717102 2809 62738 SH SOLE 62738 0 0 MV OIL TR TR UNITS COM 553859109 5895 517085 SH SOLE 517085 0 0 MUELLER WTR PRODS INC COM SER ACOM 624758108 380 115288 SH SOLE 115288 0 0 MEADWESTVACO CORP COM 583334107 2334 194702 SH SOLE 194702 0 0 MONSTER WORLDWIDE INC COM 611742107 760 93212 SH SOLE 93212 0 0 MEXICO EQUITY & INCOME FD COM 592834105 103 24310 SH SOLE 24310 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 771 58365 SH SOLE 58365 0 0 MYLAN INC COM 628530107 1255 93602 SH SOLE 93602 0 0 MYLAN INC BOND CV 628530AG2 941875 11000000 PRN SOLE 11000000 0 0 MYLAN INC PFD CONV COM 628530206 78894 91604 SH SOLE 91604 0 0 NORDIC AMERICAN TANKER SHIPP COM G65773106 1104 37670 SH SOLE 37670 0 0 NOBLE ENERGY INC COM 655044105 975 18098 SH SOLE 18098 0 0 NABORS INDUSTRIES LTD SHS COM G6359F103 1793 179464 SH SOLE 179464 0 0 NCR CORP NEW COM 62886E108 103 12908 SH SOLE 12908 0 0 NOVA CHEMICALS CORP OPTION 66977W109 665 350 SH PUT SOLE 350 0 0 NASDAQ OMX GROUP INC COM 631103108 552 28176 SH SOLE 28176 0 0 NEWMONT MINING CORP COM 651639106 6325 141318 SH SOLE 141318 0 0 NEWMONT MINING CORP OPTION 651639106 2383 4029 SH CALL SOLE 4029 0 0 NEWMONT MINING CORP OPTION 651639106 4247 4617 SH PUT SOLE 4617 0 0 NEWFIELD EXPL CO COM 651290108 304 13378 SH SOLE 13378 0 0 NATIONWIDE HEALTH PPTYS INC PF COM 638620302 2735 28105 SH SOLE 28105 0 0 NISOURCE INC COM 65473P105 1426 145492 SH SOLE 145492 0 0 NII HLDGS INC CL B COM 62913F201 1415 94357 SH SOLE 94357 0 0 NEW JERSEY RES COM 646025106 492 14476 SH SOLE 14476 0 0 NIKE INC CL B COM 654106103 11185 238545 SH SOLE 238545 0 0 NIKE INC CL B OPTION 654106103 485 1000 SH CALL SOLE 1000 0 0 NIKE INC CL B OPTION 654106103 1746 1189 SH PUT SOLE 1189 0 0 NALCO HOLDING COMPANY COM 62985Q101 1983 151734 SH SOLE 151734 0 0 ANNALY CAP MGMT INC COM 035710409 4753 342656 SH SOLE 342656 0 0 ANNALY CAP MGMT INC OPTION 035710409 1059 5221 SH PUT SOLE 5221 0 0 NOMURA HLDGS INC COM 65535H208 115 22912 SH SOLE 22912 0 0 NORTHROP GRUMMAN CORP COM 666807102 2220 50863 SH SOLE 50863 0 0 NOKIA CORP COM 654902204 2498 214083 SH SOLE 214083 0 0 NOKIA CORP OPTION 654902204 665 666 SH PUT SOLE 666 0 0 NATIONAL OILWELL VARCO INC COM 637071101 6483 225815 SH SOLE 225815 0 0 NOVELL INC COM 670006105 848 199153 SH SOLE 199153 0 0 NRG ENERGY INC COM 629377508 11502 653543 SH SOLE 653543 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page22 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NRG ENERGY INC OPTION 629377508 12740 7600 SH PUT SOLE 7600 0 0 NISSAN MOTORS COM 654744408 100 13813 SH SOLE 13813 0 0 NORFOLK SOUTHERN CORP COM 655844108 4872 144348 SH SOLE 144348 0 0 NORFOLK SOUTHERN CORP OPTION 655844108 1908 1560 SH PUT SOLE 1560 0 0 NUVEEN SR INCOME FD COM 67067Y104 385 120000 SH SOLE 120000 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 1137 110745 SH SOLE 110745 0 0 NATIONAL SEMICONDUCTOR CORP OPTION 637640103 239 302 SH PUT SOLE 302 0 0 NEUSTAR INC COM 64126X201 467 27863 SH SOLE 27863 0 0 NSTAR COM 67019E107 479 15023 SH SOLE 15023 0 0 NETAPP INC COM 64110D104 17387 1171650 SH SOLE 1171650 0 0 NTELOS HLDGS CORP COM 67020Q107 527 29070 SH SOLE 29070 0 0 NORTHERN TR CORP COM 665859104 2487 41571 SH SOLE 41571 0 0 NIPPON TELEG & TEL CORP COM 654624105 227 11931 SH SOLE 11931 0 0 NORTHEAST UTILS COM 664397106 2000 92624 SH SOLE 92624 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 283 26066 SH SOLE 26066 0 0 NUCOR CORP COM 670346105 8580 224785 SH SOLE 224785 0 0 NUCOR CORP OPTION 670346105 394 1684 SH PUT SOLE 1684 0 0 NVIDIA CORP COM 67066G104 4480 454342 SH SOLE 454342 0 0 NVIDIA CORP OPTION 67066G104 420 4000 SH CALL SOLE 4000 0 0 NVIDIA CORP OPTION 67066G104 306 199 SH PUT SOLE 199 0 0 NV ENERGY INC COM 67073Y106 160 17022 SH SOLE 17022 0 0 NOVO-NORDISK A S COM 670100205 320 6674 SH SOLE 6674 0 0 NVR INC COM 62944T105 383 896 SH SOLE 896 0 0 NOVARTIS A G COM 66987V109 7567 200033 SH SOLE 200033 0 0 NOVATEL WIRELESS INC COM 66987M604 261 46468 SH SOLE 46468 0 0 NEWELL RUBBERMAID INC COM 651229106 236 37029 SH SOLE 37029 0 0 NEWS CORP CL B COM 65248E203 110 14332 SH SOLE 14332 0 0 NEWS CORP COM 65248E104 44376 6703377 SH SOLE 6703377 0 0 NEWS CORP OPTION 65248E104 227 1983 SH PUT SOLE 1983 0 0 NEXEN INC COM 65334H102 7462 440000 SH SOLE 440000 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 4294 384444 SH SOLE 384444 0 0 NEW YORK CMNTY CAP TR V UNIT 9 COM 64944P307 3010 100000 SH SOLE 100000 0 0 NEW YORK TIMES CO COM 650111107 169 37422 SH SOLE 37422 0 0 NYSE EURONEXT COM 629491101 2278 127236 SH SOLE 127236 0 0 NYSE EURONEXT OPTION 629491101 888 654 SH PUT SOLE 654 0 0 OMNICARE INC COM 681904108 245 9986 SH SOLE 9986 0 0 OFFICE DEPOT INC COM 676220106 121 92055 SH SOLE 92055 0 0 ISHARES TR S&P 100 IDX FD COM 464287101 12093 320526 SH SOLE 320526 0 0 OGE ENERGY CORP COM 670837103 2173 91220 SH SOLE 91220 0 0 OWENS ILL INC COM 690768403 655 45360 SH SOLE 45360 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTCOM 678002106 11830 159411 SH SOLE 159411 0 0 ONEOK INC NEW COM 682680103 2205 97416 SH SOLE 97416 0 0 OCEANAUT INC COM 675227102 2472 300000 SH SOLE 300000 0 0 OLIN CORP PAR $1 COM 680665205 2096 146850 SH SOLE 146850 0 0 OMNICOM GROUP INC COM 681919106 7303 312091 SH SOLE 312091 0 0 OMNICOM GROUP INC OPTION 681919106 1383 1460 SH PUT SOLE 1460 0 0 ON SEMICONDUCTOR CORP COM 682189105 189 48467 SH SOLE 48467 0 0 ONYX PHARMACEUTICALS INC COM 683399109 329 11529 SH SOLE 11529 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 2500 2125 SH CALL SOLE 2125 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 13817 12759 SH PUT SOLE 12759 0 0 ORMAT TECHNOLOGIES INC COM 686688102 621 22601 SH SOLE 22601 0 0 ORBITAL SCIENCES CORP COM 685564106 629 52861 SH SOLE 52861 0 0 ORACLE CORP COM 68389X105 60987 3375019 SH SOLE 3375019 0 0 ORACLE CORP OPTION 68389X105 1712 33547 SH CALL SOLE 33547 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page23 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ORACLE CORP OPTION 68389X105 3801 36399 SH PUT SOLE 36399 0 0 ODYSSEY RE HLDGS CORP COM 67612W108 840 22134 SH SOLE 22134 0 0 OLD REP INTL CORP COM 680223104 246 22779 SH SOLE 22779 0 0 O REILLY AUTOMOTIVE INC COM 686091109 3140 89700 SH SOLE 89700 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 345 15197 SH SOLE 15197 0 0 OSI PHARMACEUTICALS INC COM 671040103 318 8310 SH SOLE 8310 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 15249 274011 SH SOLE 274011 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 2883 7383 SH CALL SOLE 7383 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 6013 6516 SH PUT SOLE 6516 0 0 OCH ZIFF CAP MGMT GROUP COM 67551U105 8194 1350000 SH SOLE 1350000 0 0 GPO AEROPORTUARIO DEL PAC SA S COM 400506101 601 32917 SH SOLE 32917 0 0 PACWEST BANCORP DEL COM 695263103 1145 79883 SH SOLE 79883 0 0 PAETEC HOLDING CORP COM 695459107 53 36765 SH SOLE 36765 0 0 PEPSIAMERICAS INC COM 71343P200 209 12087 SH SOLE 12087 0 0 PAYCHEX INC COM 704326107 5332 207731 SH SOLE 207731 0 0 PEOPLES UNITED FINANCIAL INC COM 712704105 2924 162735 SH SOLE 162735 0 0 POWERSHARES ETF TRUST DYN BIOT COM 73935X856 635 50000 SH SOLE 50000 0 0 PEPSI BOTTLING GROUP INC COM 713409100 578 26122 SH SOLE 26122 0 0 PITNEY BOWES INC COM 724479100 2751 117797 SH SOLE 117797 0 0 PETROLEO BRASILEIRO SA PETRO COM 71654V408 124288 4079041 SH SOLE 4079041 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 10414 46467 SH PUT SOLE 46467 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 4893 12030 SH CALL SOLE 12030 0 0 PETROLEO BRASILEIRO SA PETRO SPCOM 71654V101 7110 290185 SH SOLE 290185 0 0 PANASONIC CORP COM 69832A205 321 29137 SH SOLE 29137 0 0 PACCAR INC COM 693718108 8079 313628 SH SOLE 313628 0 0 PACIFIC CAP BANCORP NEW COM 69404P101 591 87365 SH SOLE 87365 0 0 PG&E CORP COM 69331C108 4968 129979 SH SOLE 129979 0 0 PLUM CREEK TIMBER CO INC COM 729251108 1605 55225 SH SOLE 55225 0 0 PRICELINE COM INC COM 741503403 1654 20996 SH SOLE 20996 0 0 PRECISION CASTPARTS CORP COM 740189105 1817 30335 SH SOLE 30335 0 0 PERINI CORP COM 713839108 879 71485 SH SOLE 71485 0 0 METROPCS COMMUNICATIONS INC COM 591708102 925 54163 SH SOLE 54163 0 0 SOUTHERN COPPER CORP COM 84265V105 5865 336706 SH SOLE 336706 0 0 PETRO-CDA COM 71644E102 754 28378 SH SOLE 28378 0 0 PATTERSON COMPANIES INC COM 703395103 1210 64155 SH SOLE 64155 0 0 PRIDE INTL INC DEL COM 74153Q102 319 17754 SH SOLE 17754 0 0 HANCOCK JOHN PATRIOT PREM II C COM 41013T105 545 86249 SH SOLE 86249 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 1567 53180 SH SOLE 53180 0 0 PENN NATL GAMING INC COM 707569109 288 11939 SH SOLE 11939 0 0 PEPSICO INC COM 713448108 40158 780073 SH SOLE 780073 0 0 PEPSICO INC OPTION 713448108 1730 6693 SH PUT SOLE 6693 0 0 PEPSICO INC OPTION 713448108 2405 6669 SH CALL SOLE 6669 0 0 PETSMART INC COM 716768106 280 13355 SH SOLE 13355 0 0 PFIZER INC COM 717081103 159980 11745959 SH SOLE 11745959 0 0 PFIZER INC OPTION 717081103 2545 43231 SH CALL SOLE 43231 0 0 PFIZER INC OPTION 717081103 23838 62345 SH PUT SOLE 62345 0 0 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 487 59514 SH SOLE 59514 0 0 PROCTER & GAMBLE CO COM 742718109 111069 2358645 SH SOLE 2358645 0 0 PROCTER & GAMBLE CO OPTION 742718109 2245 3500 SH CALL SOLE 3500 0 0 PROCTER & GAMBLE CO OPTION 742718109 2313 16705 SH CALL SOLE 16705 0 0 PROCTER & GAMBLE CO OPTION 742718109 13948 13148 SH PUT SOLE 13148 0 0 POWERSHARES ETF TRUST GOLDEN D COM 73935X401 745 50486 SH SOLE 50486 0 0 PROGRESS ENERGY INC COM 743263105 1298 35805 SH SOLE 35805 0 0 PROGRESSIVE CORP OHIO COM 743315103 1451 107952 SH SOLE 107952 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page24 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PARKER HANNIFIN CORP COM 701094104 940 27651 SH SOLE 27651 0 0 PIONEER FLOATING RATE TR COM 72369J102 183 25000 SH SOLE 25000 0 0 KONINKLIJKE PHILIPS ELECTRS NY COM 500472303 709 47656 SH SOLE 47656 0 0 PULTE HOMES INC COM 745867101 749 68507 SH SOLE 68507 0 0 PULTE HOMES INC OPTION 745867101 773 4198 SH CALL SOLE 4198 0 0 PERKINELMER INC COM 714046109 638 49939 SH SOLE 49939 0 0 PROLOGIS SH BEN INT COM 743410102 275 42250 SH SOLE 42250 0 0 PROLOGIS SH BEN INT OPTION 743410102 240 4000 SH CALL SOLE 4000 0 0 PROLOGIS BOND CV 743410AS1 2151562 42500000 PRN SOLE 42500000 0 0 PALL CORP COM 696429307 1965 96182 SH SOLE 96182 0 0 PLANTRONICS INC NEW COM 727493108 372 30788 SH SOLE 30788 0 0 PHILIP MORRIS INTL INC COM 718172109 37805 1062522 SH SOLE 1062522 0 0 PHILIP MORRIS INTL INC OPTION 718172109 238 3304 SH CALL SOLE 3304 0 0 PMC-SIERRA INC COM 69344F106 293 45926 SH SOLE 45926 0 0 POWER MED INTERVENTIONS INC COM 739299105 619 1375612 SH SOLE 1375612 0 0 PUTNAM MANAGED MUN INCOM TR COM 746823103 2527 462847 SH SOLE 462847 0 0 PUTNAM MUN OPPORTUNITIES TR SH COM 746922103 1944 207740 SH SOLE 207740 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173209 553 55361 SH SOLE 55361 0 0 PNC FINL SVCS GROUP INC COM 693475105 2187 74674 SH SOLE 74674 0 0 PNC FINL SVCS GROUP INC OPTION 693475105 290 3032 SH CALL SOLE 3032 0 0 PENTAIR INC COM 709631105 1729 79779 SH SOLE 79779 0 0 PINNACLE WEST CAP CORP COM 723484101 3221 121262 SH SOLE 121262 0 0 PEPCO HOLDINGS INC COM 713291102 499 40015 SH SOLE 40015 0 0 PORTLAND GEN ELEC CO COM 736508847 435 24726 SH SOLE 24726 0 0 POTASH CORP SASK INC COM 73755L107 913 11299 SH SOLE 11299 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 1945 81981 SH SOLE 81981 0 0 PPG INDS INC COM 693506107 4372 118472 SH SOLE 118472 0 0 PHARMACEUTICAL HLDRS TR DEPOSI COM 71712A206 9323 165300 SH SOLE 165300 0 0 PPL CORP COM 69351T106 4196 146150 SH SOLE 146150 0 0 ING PRIME RATE TR SH BEN INT COM 44977W106 868 250000 SH SOLE 250000 0 0 PARTNERRE LTD COM G6852T105 301 4847 SH SOLE 4847 0 0 PRUDENTIAL FINL INC COM 744320102 2715 142730 SH SOLE 142730 0 0 PRUDENTIAL FINL INC OPTION 744320102 1271 2229 SH PUT SOLE 2229 0 0 PRUDENTIAL FINL INC OPTION 744320102 775 1650 SH CALL SOLE 1650 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 117 12401 SH SOLE 12401 0 0 PUBLIC STORAGE COM 74460D109 1365 24710 SH SOLE 24710 0 0 PEARSON PLC COM 705015105 207 20631 SH SOLE 20631 0 0 PSS WORLD MED INC COM 69366A100 335 23331 SH SOLE 23331 0 0 PORTUGAL TELECOM SGPS S A COM 737273102 996 129470 SH SOLE 129470 0 0 PATTERSON UTI ENERGY INC COM 703481101 1855 207084 SH SOLE 207084 0 0 PETROCHINA CO LTD COM 71646E100 981 12314 SH SOLE 12314 0 0 PACTIV CORP COM 695257105 1071 73433 SH SOLE 73433 0 0 PENN VA CORP COM 707882106 139 12617 SH SOLE 12617 0 0 PHILLIPS VAN HEUSEN CORP COM 718592108 924 40742 SH SOLE 40742 0 0 POWERWAVE TECHNOLOGIES INC COM 739363109 6 10431 SH SOLE 10431 0 0 QUANTA SVCS INC COM 74762E102 406 18916 SH SOLE 18916 0 0 PRAXAIR INC COM 74005P104 7291 108347 SH SOLE 108347 0 0 PIONEER NAT RES CO COM 723787107 853 51782 SH SOLE 51782 0 0 POWERSHARES ETF TRUST DYN OIL COM 73935X625 1365 132284 SH SOLE 132284 0 0 PLAINS EXPL& PRODTN CO COM 726505100 1504 87295 SH SOLE 87295 0 0 PETROBRAS ENERGIA PARTCPTNS SP COM 71646M102 139 24508 SH SOLE 24508 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 1872 547506 SH SOLE 547506 0 0 QUALCOMM INC COM 747525103 52523 1349847 SH SOLE 1349847 0 0 QUALCOMM INC OPTION 747525103 6489 17009 SH CALL SOLE 17009 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page25 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- QUALCOMM INC OPTION 747525103 6036 18463 SH PUT SOLE 18463 0 0 QLOGIC CORP COM 747277101 879 79074 SH SOLE 79074 0 0 POWERSHARES QQQ TRUST UNIT SER COM 73935A104 704156 23224149 SH SOLE 23224149 0 0 QUEST SOFTWARE INC COM 74834T103 569 44876 SH SOLE 44876 0 0 QUANTUM CORP COM DSSG COM 747906204 9 13981 SH SOLE 13981 0 0 RYDER SYS INC COM 783549108 280 9888 SH SOLE 9888 0 0 RACKABLE SYS INC COM 750077109 284 69901 SH SOLE 69901 0 0 RITE AID CORP COM 767754104 7 18941 SH SOLE 18941 0 0 RAE SYS INC COM 75061P102 7 14745 SH SOLE 14745 0 0 RALCORP HLDGS INC NEW COM 751028101 342 6354 SH SOLE 6354 0 0 REYNOLDS AMERICAN INC COM 761713106 1802 50278 SH SOLE 50278 0 0 REYNOLDS AMERICAN INC OPTION 761713106 1408 12418 SH CALL SOLE 12418 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 651 35000 SH SOLE 35000 0 0 REGAL BELOIT CORP COM 758750103 383 12498 SH SOLE 12498 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 987 123272 SH SOLE 123272 0 0 RCN CORP COM 749361200 40 10927 SH SOLE 10927 0 0 ROWAN COS INC COM 779382100 833 69591 SH SOLE 69591 0 0 ROYAL DUTCH SHELL PLC SPONS COM 780259206 4576 103303 SH SOLE 103303 0 0 ROYAL DUTCH SHELL PLC SPON COM 780259107 628 14393 SH SOLE 14393 0 0 EVEREST RE GROUP LTD COM G3223R108 443 6261 SH SOLE 6261 0 0 REGENCY CTRS CORP COM 758849103 356 13382 SH SOLE 13382 0 0 REPSOL YPF S A COM 76026T205 1799 105282 SH SOLE 105282 0 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 961 225626 SH SOLE 225626 0 0 RF MICRODEVICES INC COM 749941100 25 18736 SH SOLE 18736 0 0 REINSURANCE GROUP AMER INC COM 759351604 1296 40007 SH SOLE 40007 0 0 ROYAL GOLD INC COM 780287108 228 4884 SH SOLE 4884 0 0 ROYAL GOLD INC OPTION 780287108 317 326 SH PUT SOLE 326 0 0 ROBERT HALF INTL INC COM 770323103 1828 102526 SH SOLE 102526 0 0 RMR HOSPITALITY REAL ESTATE COM 74963J108 75 50000 SH SOLE 50000 0 0 RED HAT INC COM 756577102 1459 81789 SH SOLE 81789 0 0 TRANSOCEAN LTD REG SHS COM H8817H100 11568 196596 SH SOLE 196596 0 0 TRANSOCEAN INC BOND CV 893830AV1 1170488 13650001 PRN SOLE 13650001 0 0 RESEARCH IN MOTION LTD COM 760975102 31855 738920 SH SOLE 738920 0 0 COMPANHIA VALE DO RIO DOCE COM 204412209 78503 5902444 SH SOLE 5902444 0 0 COMPANHIA VALE DO RIO DOCE SPONCOM 204412100 7946 704455 SH SOLE 704455 0 0 REGIONAL BK HOLDRS TR DEPOSITR COM 75902E100 66708 1342480 SH SOLE 1342480 0 0 POLO RALPH LAUREN CORP COM 731572103 1762 41704 SH SOLE 41704 0 0 RAMBUS INC DEL COM 750917106 102 10777 SH SOLE 10777 0 0 RENAISSANCERE HOLDINGS LTD COM G7496G103 264 5344 SH SOLE 5344 0 0 ROGERS CORP COM 775133101 280 14846 SH SOLE 14846 0 0 ROHM & HAAS CO COM 775371107 436981 5542637 SH SOLE 5542637 0 0 ROHM & HAAS CO OPTION 775371107 890 1000 SH CALL SOLE 1000 0 0 ROCKWELL AUTOMATION INC COM 773903109 2541 116355 SH SOLE 116355 0 0 ROPER INDS INC NEW COM 776696106 569 13413 SH SOLE 13413 0 0 ROSS STORES INC COM 778296103 2364 65889 SH SOLE 65889 0 0 RPM INTL INC COM 749685103 1354 106338 SH SOLE 106338 0 0 RANGE RES CORP COM 75281A109 627 15231 SH SOLE 15231 0 0 DONNELLEY R R & SONS CO COM 257867101 1364 186078 SH SOLE 186078 0 0 RELIANT ENERGY INC COM 75952B105 97 30342 SH SOLE 30342 0 0 REPUBLIC SVCS INC COM 760759100 5694 331986 SH SOLE 331986 0 0 RADIOSHACK CORP COM 750438103 733 85476 SH SOLE 85476 0 0 RETAIL HOLDRS TR DEP RCPT COM 76127U101 217671 2939910 SH SOLE 2939910 0 0 RETAIL HOLDRS TR DEP RCPT OPTION 76127U101 3925 4019 SH CALL SOLE 4019 0 0 RETAIL HOLDRS TR DEP RCPT OPTION 76127U101 3992 8038 SH PUT SOLE 8038 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page26 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- RENTECH INC COM 760112102 7 13201 SH SOLE 13201 0 0 RAYTHEON CO COM 755111507 6371 163613 SH SOLE 163613 0 0 RIO TINTO PLC COM 767204100 286 2137 SH SOLE 2137 0 0 COHEN & STEERS REIT & UTIL I COM 19247Y108 478 110900 SH SOLE 110900 0 0 SPDR SERIES TRUST DJ WLSH REIT COM 78464A607 7775 294614 SH SOLE 294614 0 0 IMS HEALTH INC COM 449934108 1310 105043 SH SOLE 105043 0 0 RYANAIR HLDGS PLC COM 783513104 1078 46625 SH SOLE 46625 0 0 SPRINT NEXTEL CORP COM SER 1 COM 852061100 3778 1058126 SH SOLE 1058126 0 0 SAIC INC COM 78390X101 386 20672 SH SOLE 20672 0 0 SANMINA SCI CORP COM 800907107 10 34394 SH SOLE 34394 0 0 SAP AKTIENGESELLSCHAFT COM 803054204 4446 125981 SH SOLE 125981 0 0 SATYAM COMPUTER SERVICES LTD COM 804098101 112 71114 SH SOLE 71114 0 0 COMPANHIA DE SANEAMENTO BASI COM 20441A102 736 34477 SH SOLE 34477 0 0 STARBUCKS CORP COM 855244109 8022 722041 SH SOLE 722041 0 0 SCANA CORP NEW COM 80589M102 2608 84416 SH SOLE 84416 0 0 SCHNITZER STL INDS COM 806882106 1150 36640 SH SOLE 36640 0 0 SCHWAB CHARLES CORP NEW COM 808513105 3015 194502 SH SOLE 194502 0 0 SERVICE CORP INTL COM 817565104 62 17684 SH SOLE 17684 0 0 SYCAMORE NETWORKS INC COM 871206108 33 12347 SH SOLE 12347 0 0 SPECTRA ENERGY CORP COM 847560109 2167 153219 SH SOLE 153219 0 0 SEALED AIR CORP NEW COM 81211K100 306 22197 SH SOLE 22197 0 0 SEI INVESTMENTS CO COM 784117103 167 13718 SH SOLE 13718 0 0 SMITHFIELD FOODS INC COM 832248108 332 35115 SH SOLE 35115 0 0 SMITHFIELD FOODS INC OPTION 832248108 296 263 SH PUT SOLE 263 0 0 SEATTLE GENETICS INC COM 812578102 106 10768 SH SOLE 10768 0 0 SCHERING PLOUGH CORP COM 806605101 12930 549045 SH SOLE 549045 0 0 SHAW GROUP INC COM 820280105 775 28279 SH SOLE 28279 0 0 PROSHARES TR PSHS SHRT S&P500 COM 74347R503 702 8976 SH SOLE 8976 0 0 SEARS HLDGS CORP COM 812350106 3454 75568 SH SOLE 75568 0 0 SHIRE PLC COM 82481R106 863 24009 SH SOLE 24009 0 0 SHERWIN WILLIAMS CO COM 824348106 798 15349 SH SOLE 15349 0 0 ISHARES TR BARCLYS 1-3 YR COM 464287457 2714 32191 SH SOLE 32191 0 0 SIEMENS A G COM 826197501 2916 51187 SH SOLE 51187 0 0 SIGMA ALDRICH CORP COM 826552101 3698 97857 SH SOLE 97857 0 0 COMPANHIA SIDERURGICA NACION COM 20440W105 11794 794732 SH SOLE 794732 0 0 COMPANHIA SIDERURGICA NACION OPTION 20440W105 514 1784 SH PUT SOLE 1784 0 0 SMITH INTL INC COM 832110100 3146 146472 SH SOLE 146472 0 0 SILICON IMAGE INC COM 82705T102 260 108248 SH SOLE 108248 0 0 SINA CORP COM G81477104 30717 1321143 SH SOLE 1321143 0 0 SIRIUS XM RADIO INC COM 82967N108 410 1170629 SH SOLE 1170629 0 0 SIX FLAGS INC PIERS COM 83001P505 598 905700 SH SOLE 905700 0 0 SILICON LABORATORIES INC COM 826919102 317 12026 SH SOLE 12026 0 0 SCHLUMBERGER LTD COM 806857108 32282 794738 SH SOLE 794738 0 0 SCHLUMBERGER LTD OPTION 806857108 1350 5188 SH CALL SOLE 5188 0 0 SCHLUMBERGER LTD OPTION 806857108 4581 9095 SH PUT SOLE 9095 0 0 SARA LEE CORP COM 803111103 1365 168953 SH SOLE 168953 0 0 SLM CORP COM 78442P106 900 181875 SH SOLE 181875 0 0 SLM CORP OPTION 78442P106 891 2409 SH PUT SOLE 2409 0 0 STERLITE INDS INDIA LTD ADS COM 859737207 674 95316 SH SOLE 95316 0 0 ISHARES SILVER TRUST ISHARES COM 46428Q109 921 72022 SH SOLE 72022 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTCOM 816636203 23696 1267183 SH SOLE 1267183 0 0 PROSHARES TR PSHS BASIC MTRL COM 74347R651 3060 89918 SH SOLE 89918 0 0 SNAP ON INC COM 833034101 668 26625 SH SOLE 26625 0 0 SANDISK CORP COM 80004C101 847 66952 SH SOLE 66952 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page27 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SONY CORP COM 835699307 492 23855 SH SOLE 23855 0 0 SCRIPPS NETWORKS INTERACT IN COM 811065101 470 20888 SH SOLE 20888 0 0 CHINA PETE & CHEM CORP SPON COM 16941R108 787 12271 SH SOLE 12271 0 0 SYNOPSYS INC COM 871607107 297 14309 SH SOLE 14309 0 0 SYNOVUS FINL CORP COM 87161C105 92 28196 SH SOLE 28196 0 0 SANOFI AVENTIS COM 80105N105 5958 213321 SH SOLE 213321 0 0 SOUTHERN CO COM 842587107 13417 438173 SH SOLE 438173 0 0 SOUTHERN CO OPTION 842587107 359 3752 SH CALL SOLE 3752 0 0 SOHU COM INC COM 83408W103 556 13468 SH SOLE 13468 0 0 SONOCO PRODS CO COM 835495102 1542 73506 SH SOLE 73506 0 0 SONUS NETWORKS INC COM 835916107 22 13750 SH SOLE 13750 0 0 SIMON PPTY GROUP INC NEW COM 828806109 659 19035 SH SOLE 19035 0 0 SIMON PPTY GROUP INC NEW PFD C COM 828806802 22232 700000 SH SOLE 700000 0 0 SILICONWARE PRECISION INDS L S COM 827084864 141 24339 SH SOLE 24339 0 0 STAPLES INC COM 855030102 6670 368283 SH SOLE 368283 0 0 STAPLES INC OPTION 855030102 450 2002 SH CALL SOLE 2002 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 472 36612 SH SOLE 36612 0 0 SPX CORP COM 784635104 1321 28101 SH SOLE 28101 0 0 SUNPOWER CORP COM COM 867652109 698 29351 SH SOLE 29351 0 0 SPDR TR UNIT SER 1 COM 78462F103 1688362 21231916 SH SOLE 21231916 0 0 SOCIEDAD QUIMICA MINERA DE C S COM 833635105 201 7557 SH SOLE 7557 0 0 STERICYCLE INC COM 858912108 5310 111247 SH SOLE 111247 0 0 SEMPRA ENERGY COM 816851109 4103 88725 SH SOLE 88725 0 0 SASOL LTD COM 803866300 583 20155 SH SOLE 20155 0 0 PROSHARES TR PSHS ULT S&P 500 COM 74347R107 14155 717459 SH SOLE 717459 0 0 STARENT NETWORKS CORP COM 85528P108 503 31830 SH SOLE 31830 0 0 BANCO SANTANDER SA COM 05964H105 6933 1004722 SH SOLE 1004722 0 0 SUNTRUST BKS INC COM 867914103 1056 89951 SH SOLE 89951 0 0 ST JUDE MED INC COM 790849103 4032 110977 SH SOLE 110977 0 0 STEEL DYNAMICS INC COM 858119100 1520 172510 SH SOLE 172510 0 0 STMICROELECTRONICS N V NY REGI COM 861012102 2868 578220 SH SOLE 578220 0 0 STATOILHYDRO ASA COM 85771P102 368 21095 SH SOLE 21095 0 0 SUNTECH PWR HLDGS CO LTD COM 86800C104 1383 118328 SH SOLE 118328 0 0 QUESTAR CORP COM 748356102 901 30618 SH SOLE 30618 0 0 STRAYER ED INC COM 863236105 542 3011 SH SOLE 3011 0 0 STATE STR CORP COM 857477103 2314 75165 SH SOLE 75165 0 0 STATE STR CORP OPTION 857477103 372 1550 SH PUT SOLE 1550 0 0 STATE STR CORP OPTION 857477103 1820 4500 SH CALL SOLE 4500 0 0 SEAGATE TECHNOLOGY SHS COM G7945J104 1390 231295 SH SOLE 231295 0 0 CONSTELLATION BRANDS INC COM 21036P108 2247 188822 SH SOLE 188822 0 0 CONSTELLATION BRANDS INC OPTION 21036P108 736 920 SH PUT SOLE 920 0 0 SUNCOR ENERGY INC COM 867229106 9234 415738 SH SOLE 415738 0 0 SUNCOR ENERGY INC OPTION 867229106 588 4754 SH PUT SOLE 4754 0 0 SUNCOR ENERGY INC OPTION 867229106 785 3481 SH CALL SOLE 3481 0 0 SUNOCO INC COM 86764P109 2313 87365 SH SOLE 87365 0 0 SUPERIOR INDS INTL INC COM 868168105 290 24457 SH SOLE 24457 0 0 SUPERVALU INC COM 868536103 786 55041 SH SOLE 55041 0 0 SAVVIS INC BOND CV 805423AA8 556250 10000000 PRN SOLE 10000000 0 0 SOFTWARE HOLDRS TR DEPOSITRY R COM 83404B103 3553 118000 SH SOLE 118000 0 0 THINKORSWIM GROUP INC COM 88409C105 2477 286671 SH SOLE 286671 0 0 STANLEY WKS COM 854616109 728 25001 SH SOLE 25001 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 245 30446 SH SOLE 30446 0 0 SOUTHWESTERN ENERGY CO COM 845467109 3660 123277 SH SOLE 123277 0 0 SAFEWAY INC COM 786514208 1919 95050 SH SOLE 95050 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page28 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SAFEWAY INC OPTION 786514208 278 1196 SH CALL SOLE 1196 0 0 SENSIENT TECHNOLOGIES CORP COM 81725T100 1279 54406 SH SOLE 54406 0 0 SYBASE INC COM 871130100 319 10520 SH SOLE 10520 0 0 STRYKER CORP COM 863667101 3018 88646 SH SOLE 88646 0 0 SYMANTEC CORP COM 871503108 11228 751509 SH SOLE 751509 0 0 SYMANTEC CORP OPTION 871503108 392 2671 SH CALL SOLE 2671 0 0 SYMANTEC CORP OPTION 871503108 785 3884 SH PUT SOLE 3884 0 0 SYMANTEC CORP BOND CV 871503AF5 2936250 30000000 PRN SOLE 30000000 0 0 SYNGENTA AG COM 87160A100 430 10726 SH SOLE 10726 0 0 SYSCO CORP COM 871829107 5749 252149 SH SOLE 252149 0 0 SPDR TR UNIT SER 1 OPTION 78462F103 29239 75434 SH CALL SOLE 75434 0 0 SPDR TR UNIT SER 1 OPTION 78462F103 57347 90240 SH PUT SOLE 90240 0 0 AT&T INC COM 00206R102 106580 4229375 SH SOLE 4229375 0 0 AT&T INC OPTION 00206R102 8046 71943 SH CALL SOLE 71943 0 0 AT&T INC OPTION 00206R102 16206 40988 SH PUT SOLE 40988 0 0 TAM SA SP COM 87484D103 1485 269977 SH SOLE 269977 0 0 MOLSON COORS BREWING CO CL B COM 60871R209 1199 34981 SH SOLE 34981 0 0 TCF FINL CORP COM 872275102 1452 123486 SH SOLE 123486 0 0 TATA COMMUNICATIONS LTD SPONS COM 876564105 374 17483 SH SOLE 17483 0 0 TERADATA CORP DEL COM 88076W103 1058 65234 SH SOLE 65234 0 0 TDK CORP AMERN DEP SH COM 872351408 562 14835 SH SOLE 14835 0 0 TELEPHONE & DATA SYS INC COM 879433100 1379 52026 SH SOLE 52026 0 0 TIDEWATER INC COM 886423102 836 22519 SH SOLE 22519 0 0 TECO ENERGY INC COM 872375100 1247 111805 SH SOLE 111805 0 0 TECH DATA CORP COM 878237106 654 30046 SH SOLE 30046 0 0 TECHNE CORP COM 878377100 290 5301 SH SOLE 5301 0 0 TELEFONICA S A COM 879382208 4098 68736 SH SOLE 68736 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 941 36149 SH SOLE 36149 0 0 TYCO ELECTRONICS LTD COM G9144P105 1273 115279 SH SOLE 115279 0 0 TERADYNE INC COM 880770102 490 111785 SH SOLE 111785 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 16389 363804 SH SOLE 363804 0 0 TEREX CORP NEW COM 880779103 473 51183 SH SOLE 51183 0 0 TARGET CORP COM 87612E106 19442 565326 SH SOLE 565326 0 0 TARGET CORP OPTION 87612E106 6332 18018 SH CALL SOLE 18018 0 0 TARGET CORP OPTION 87612E106 12214 23041 SH PUT SOLE 23041 0 0 TENET HEALTHCARE CORP COM 88033G100 137 117802 SH SOLE 117802 0 0 HANOVER INS GROUP INC COM 410867105 393 13638 SH SOLE 13638 0 0 TIM HORTONS INC COM 88706M103 561 22110 SH SOLE 22110 0 0 THORATEC CORP COM 885175307 264 10266 SH SOLE 10266 0 0 TELECOM ITALIA S P A NEW SPON COM 87927Y102 4127 322661 SH SOLE 322661 0 0 TIBCO SOFTWARE INC COM 88632Q103 875 148984 SH SOLE 148984 0 0 TITANIUM METALS CORP COM 888339207 70 12792 SH SOLE 12792 0 0 TIFFANY & CO NEW COM 886547108 3176 147313 SH SOLE 147313 0 0 TELMEX INTERNACIONAL SAB DE SP COM 879690105 33473 3650295 SH SOLE 3650295 0 0 TJX COS INC NEW COM 872540109 2481 96774 SH SOLE 96774 0 0 TIMKEN CO COM 887389104 1029 73707 SH SOLE 73707 0 0 TELLABS INC COM 879664100 1609 351274 SH SOLE 351274 0 0 TOYOTA MOTOR CORP SP COM 892331307 652 10303 SH SOLE 10303 0 0 TORCHMARK CORP COM 891027104 547 20836 SH SOLE 20836 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 4464 125154 SH SOLE 125154 0 0 THOMSON COM 885118109 19 21200 SH SOLE 21200 0 0 TELEFONOS DE MEXICO S A B SPON COM 879403780 55780 3708770 SH SOLE 3708770 0 0 THOMAS & BETTS CORP COM 884315102 829 33148 SH SOLE 33148 0 0 TELE NORTE LESTE PART S A SPON COM 879246106 2466 178204 SH SOLE 178204 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page29 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TOLL BROTHERS INC COM 889478103 2532 139422 SH SOLE 139422 0 0 TOP SHIPS INC COM Y8897Y305 163 166666 SH SOLE 166666 0 0 TOTAL S A COM 89151E109 3883 79153 SH SOLE 79153 0 0 TERRA INDS INC COM 880915103 589 20955 SH SOLE 20955 0 0 TRADESTATION GROUP INC COM 89267P105 71 10695 SH SOLE 10695 0 0 TRICO MARINE SERVICES INC BOND CV 896106AQ4 238000 17000000 PRN SOLE 17000000 0 0 TRUSTMARK CORP COM 898402102 1382 75177 SH SOLE 75177 0 0 TRINITY INDS INC COM 896522109 495 54184 SH SOLE 54184 0 0 PRICE T ROWE GROUP INC COM 74144T108 1497 51884 SH SOLE 51884 0 0 TRAVELERS COMPANIES INC COM 89417E109 8502 209195 SH SOLE 209195 0 0 TRAVELERS COMPANIES INC OPTION 89417E109 1290 4990 SH PUT SOLE 4990 0 0 TENARIS S A COM 88031M109 1401 69450 SH SOLE 69450 0 0 SOUTH FINL GROUP INC COM 837841105 15 13223 SH SOLE 13223 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 290 32388 SH SOLE 32388 0 0 TYSON FOODS INC COM 902494103 821 87456 SH SOLE 87456 0 0 TESORO CORP COM 881609101 249 18491 SH SOLE 18491 0 0 TOTAL SYS SVCS INC COM 891906109 632 45748 SH SOLE 45748 0 0 TERRESTAR CORP COM 881451108 185 330317 SH SOLE 330317 0 0 TORO CO COM 891092108 641 26493 SH SOLE 26493 0 0 TETRA TECH INC NEW COM 88162G103 2017 98964 SH SOLE 98964 0 0 TELECOM HLDRS TR DEPOSITRY RCPTCOM 87927P200 2265 100000 SH SOLE 100000 0 0 TATA MTRS LTD COM 876568502 1328 269472 SH SOLE 269472 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 210 25124 SH SOLE 25124 0 0 TUPPERWARE BRANDS CORP COM 899896104 2069 121781 SH SOLE 121781 0 0 GRUPO TELEVISA SA DE CV SP COM 40049J206 904 66306 SH SOLE 66306 0 0 TIME WARNER CABLE INC COM 88732J207 9420 379854 SH SOLE 379854 0 0 TW TELECOM INC COM 87311L104 364 41630 SH SOLE 41630 0 0 TIME WARNER INC COM 887317105 10968 1301120 SH SOLE 1301120 0 0 TIME WARNER INC COM 887317105 28164 3340899 SH SOLE 3340899 0 0 TEXAS INDS INC COM 882491103 752 30071 SH SOLE 30071 0 0 TEXAS INSTRS INC COM 882508104 11435 692594 SH SOLE 692594 0 0 TEXAS INSTRS INC OPTION 882508104 208 3493 SH CALL SOLE 3493 0 0 TEXAS INSTRS INC OPTION 882508104 327 2884 SH PUT SOLE 2884 0 0 TEXTRON INC COM 883203101 455 79280 SH SOLE 79280 0 0 TIME WARNER INC OPTION 887317105 3841 25932 SH PUT SOLE 25932 0 0 TRI CONTL CORP COM 895436103 559 66348 SH SOLE 66348 0 0 TYCO INTL LTD BERMUDA SHS OPTION G9143X208 355 1392 SH PUT SOLE 1392 0 0 UNDER ARMOUR INC COM 904311107 169 10287 SH SOLE 10287 0 0 UNIBANCO-UNIAO DE BANCOS BRA COM 90458E107 7604 120271 SH SOLE 120271 0 0 UNITED STATES OIL FUND LP UNITSOPTION 91232N108 9168 11746 SH PUT SOLE 11746 0 0 UBS AG SHS COM H89231338 1551 164429 SH SOLE 164429 0 0 UNITED BANKSHARES INC WEST V COM 909907107 978 56756 SH SOLE 56756 0 0 UDR INC COM 902653104 127 14763 SH SOLE 14763 0 0 DOMTAR CORP COM 257559104 61 64164 SH SOLE 64164 0 0 UNISYS CORP COM 909214108 15 28936 SH SOLE 28936 0 0 UMB FINL CORP COM 902788108 554 13044 SH SOLE 13044 0 0 UNITED MICROELECTRONICS CORP S COM 910873405 126 49943 SH SOLE 49943 0 0 UNILEVER N V N Y SHS COM 904784709 6662 339897 SH SOLE 339897 0 0 UNITEDHEALTH GROUP INC COM 91324P102 21573 1030740 SH SOLE 1030740 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 818 10311 SH CALL SOLE 10311 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 5141 10134 SH PUT SOLE 10134 0 0 UNUM GROUP COM 91529Y106 666 53273 SH SOLE 53273 0 0 UNION PAC CORP COM 907818108 15310 372408 SH SOLE 372408 0 0 UNION PAC CORP OPTION 907818108 575 3424 SH CALL SOLE 3424 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page30 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- UNION PAC CORP OPTION 907818108 3971 4858 SH PUT SOLE 4858 0 0 UNISOURCE ENERGY CORP COM 909205106 1504 53344 SH SOLE 53344 0 0 UNITED PARCEL SERVICE INC CL B COM 911312106 16597 337200 SH SOLE 337200 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 3152 13952 SH CALL SOLE 13952 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 1777 3878 SH PUT SOLE 3878 0 0 URBAN OUTFITTERS INC COM 917047102 1140 69620 SH SOLE 69620 0 0 PROSHARES TR PSHS ULTRA R/EST COM 74347R677 13613 5556319 SH SOLE 5556319 0 0 URS CORP NEW COM 903236107 639 15815 SH SOLE 15815 0 0 LIBERTY ALL STAR EQUITY FD SH COM 530158104 847 290125 SH SOLE 290125 0 0 US BANCORP DEL COM 902973304 15516 1062015 SH SOLE 1062015 0 0 US BANCORP DEL OPTION 902973304 473 6059 SH CALL SOLE 6059 0 0 US BANCORP DEL OPTION 902973304 3621 12345 SH PUT SOLE 12345 0 0 UNITED STATES CELLULAR CORP COM 911684108 501 15036 SH SOLE 15036 0 0 UNITED STATES OIL FUND LP UNITSCOM 91232N108 70805 2437360 SH SOLE 2437360 0 0 USEC INC COM 90333E108 391 81562 SH SOLE 81562 0 0 ULTRATECH INC COM 904034105 296 23701 SH SOLE 23701 0 0 REAVES UTIL INCOME FD COM SH B COM 756158101 647 60000 SH SOLE 60000 0 0 UTILITIES HOLDRS TR DEPOSITRY COM 918019100 25232 302800 SH SOLE 302800 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 355 5377 SH SOLE 5377 0 0 UNITED THERAPEUTICS CORP DEL BOND CV 91307CAD4 259688 2500000 PRN SOLE 2500000 0 0 UNITRIN INC COM 913275103 1242 88848 SH SOLE 88848 0 0 UNITED TECHNOLOGIES CORP COM 913017109 22150 515353 SH SOLE 515353 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 1896 5161 SH CALL SOLE 5161 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 2156 5076 SH PUT SOLE 5076 0 0 UNIVERSAL CORP VA COM 913456109 2503 83673 SH SOLE 83673 0 0 PROSHARES TR PSHS ULTRA FINL COM 74347R743 11745 4499811 SH SOLE 4499811 0 0 VALSPAR CORP COM 920355104 1110 55559 SH SOLE 55559 0 0 COMPANHIA VALE DO RIO DOCE OPTION 204412209 2357 16419 SH CALL SOLE 16419 0 0 COMPANHIA VALE DO RIO DOCE OPTION 204412209 13844 29206 SH PUT SOLE 29206 0 0 VARIAN MED SYS INC COM 92220P105 984 32315 SH SOLE 32315 0 0 VOTORANTIM CELULOSE E PAPEL COM 92906P106 255 58244 SH SOLE 58244 0 0 VEOLIA ENVIRONNEMENT COM 92334N103 3110 148799 SH SOLE 148799 0 0 V F CORP COM 918204108 1640 28715 SH SOLE 28715 0 0 VIACOM INC NEW CL B COM 92553P201 2607 150007 SH SOLE 150007 0 0 OPEN JT STK CO-VIMPEL COMMUN COM 68370R109 9609 1469309 SH SOLE 1469309 0 0 VALERO ENERGY CORP NEW COM 91913Y100 16875 942734 SH SOLE 942734 0 0 VALERO ENERGY CORP NEW OPTION 91913Y100 10142 4926 SH PUT SOLE 4926 0 0 VALLEY NATL BANCORP COM 919794107 1957 158217 SH SOLE 158217 0 0 VULCAN MATLS CO COM 929160109 1078 24344 SH SOLE 24344 0 0 VIRGIN MEDIA INC COM 92769L101 287 59826 SH SOLE 59826 0 0 VALMONT INDS INC COM 920253101 215 4284 SH SOLE 4284 0 0 VORNADO RLTY TR SH BEN INT COM 929042109 744 22372 SH SOLE 22372 0 0 VODAFONE GROUP PLC NEW SPONS COM 92857W209 561 32204 SH SOLE 32204 0 0 VECTOR GROUP LTD DBCV 5.750% 6 BOND CV 92240MAL2 1402000 16000000 PRN SOLE 16000000 0 0 VERIGY LTD SHS COM Y93691106 305 36953 SH SOLE 36953 0 0 VERISIGN INC COM 92343E102 3606 191073 SH SOLE 191073 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 2658 92510 SH SOLE 92510 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 44 12689 SH SOLE 12689 0 0 VAN KAMPEN DYNAMIC CR OPPORT COM 921166104 840 126500 SH SOLE 126500 0 0 VENTAS INC COM 92276F100 1141 50446 SH SOLE 50446 0 0 VENTAS INC OPTION 92276F100 458 461 SH PUT SOLE 461 0 0 VECTREN CORP COM 92240G101 247 11706 SH SOLE 11706 0 0 VAN KAMPEN SENIOR INCOME TR COM 920961109 964 405000 SH SOLE 405000 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 44444 1471651 SH SOLE 1471651 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page31 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- VERIZON COMMUNICATIONS INC OPTION 92343V104 2191 16928 SH CALL SOLE 16928 0 0 VERIZON COMMUNICATIONS INC OPTION 92343V104 3198 13389 SH PUT SOLE 13389 0 0 WESTAMERICA BANCORPORATION COM 957090103 2100 46088 SH SOLE 46088 0 0 WALGREEN CO COM 931422109 6939 267295 SH SOLE 267295 0 0 WALGREEN CO OPTION 931422109 211 1362 SH PUT SOLE 1362 0 0 WATERS CORP COM 941848103 503 13610 SH SOLE 13610 0 0 WABCO HLDGS INC COM 92927K102 8182 664647 SH SOLE 664647 0 0 WIMM BILL DANN FOODS OJSC COM 97263M109 1032 32457 SH SOLE 32457 0 0 WASTE CONNECTIONS INC COM 941053100 725 28226 SH SOLE 28226 0 0 WARNER CHILCOTT LIMITED COM COM G9435N108 702 66685 SH SOLE 66685 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 17236 118058 SH CALL SOLE 118058 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 8890 46619 SH PUT SOLE 46619 0 0 WESTERN DIGITAL CORP COM 958102105 1408 72782 SH SOLE 72782 0 0 WISCONSIN ENERGY CORP COM 976657106 578 14038 SH SOLE 14038 0 0 WENDYS ARBYS GROUP INC COM 950587105 200 39764 SH SOLE 39764 0 0 WELLS FARGO & CO NEW COM 949746101 42451 2981084 SH SOLE 2981084 0 0 WELLS FARGO & CO NEW OPTION 949746101 10663 71436 SH CALL SOLE 71436 0 0 WELLS FARGO & CO NEW OPTION 949746101 47979 72781 SH PUT SOLE 72781 0 0 WELLS FARGO & CO NEW PERP PFD COM 949746804 12981 27100 SH SOLE 27100 0 0 WHOLE FOODS MKT INC COM 966837106 1134 67498 SH SOLE 67498 0 0 SELECT SECTOR SPDR TR SBI MATE OPTION 81369Y100 411 1733 SH PUT SOLE 1733 0 0 MEMC ELECTR MATLS INC COM 552715104 1844 111853 SH SOLE 111853 0 0 WEATHERFORD INTERNATIONAL LT R COM H27013103 3060 276467 SH SOLE 276467 0 0 WILLBROS GROUP INC DEL COM 969203108 290 29919 SH SOLE 29919 0 0 WOODWARD GOVERNOR CO COM 980745103 670 59963 SH SOLE 59963 0 0 WHIRLPOOL CORP COM 963320106 640 21621 SH SOLE 21621 0 0 WINDSTREAM CORP COM 97381W104 959 118972 SH SOLE 118972 0 0 ENCORE WIRE CORP COM 292562105 308 14371 SH SOLE 14371 0 0 WIPRO LTD SPON COM 97651M109 1266 178099 SH SOLE 178099 0 0 WESTERN ASSET CLYM INFL OPP COM 95766R104 107 10000 SH SOLE 10000 0 0 REGIONAL BK HOLDRS TR DEPOSITR OPTION 75902E100 1566 580 SH PUT SOLE 580 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 7524 23864 SH CALL SOLE 23864 0 0 WILMINGTON TRUST CORP COM 971807102 952 98291 SH SOLE 98291 0 0 WHITING PETE CORP NEW COM 966387102 22046 852845 SH SOLE 852845 0 0 WELLPOINT INC COM 94973V107 5228 137699 SH SOLE 137699 0 0 WALTER INDS INC COM 93317Q105 14544 635944 SH SOLE 635944 0 0 WILLIAMS COS INC DEL COM 969457100 1854 162901 SH SOLE 162901 0 0 WASTE MGMT INC DEL COM 94106L109 8605 336134 SH SOLE 336134 0 0 WMS INDS INC COM 929297109 1242 59405 SH SOLE 59405 0 0 WAL MART STORES INC COM 931142103 77850 1494244 SH SOLE 1494244 0 0 WAL MART STORES INC OPTION 931142103 9627 24144 SH CALL SOLE 24144 0 0 WAL MART STORES INC OPTION 931142103 6604 14391 SH PUT SOLE 14391 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 4637 23500 SH CALL SOLE 23500 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 25262 34000 SH PUT SOLE 34000 0 0 WORTHINGTON INDS INC COM 981811102 152 17394 SH SOLE 17394 0 0 WATSON PHARMACEUTICALS INC COM 942683103 938 30147 SH SOLE 30147 0 0 WASHINGTON POST CO CL B COM 939640108 1005 2815 SH SOLE 2815 0 0 BERKLEY W R CORP COM 084423102 324 14372 SH SOLE 14372 0 0 WILLIAMS SONOMA INC COM 969904101 682 67651 SH SOLE 67651 0 0 WATSCO INC COM 942622200 3189 93708 SH SOLE 93708 0 0 W & T OFFSHORE INC COM 92922P106 166 26999 SH SOLE 26999 0 0 AQUA AMERICA INC COM 03836W103 1655 82738 SH SOLE 82738 0 0 WATTS WATER TECHNOLOGIES INC COM 942749102 906 46297 SH SOLE 46297 0 0 WET SEAL INC COM 961840105 295 87749 SH SOLE 87749 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page32 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- WESTERN UN CO COM 959802109 26971 2145662 SH SOLE 2145662 0 0 TRANSOCEAN LTD REG SHS OPTION H8817H100 776 2361 SH CALL SOLE 2361 0 0 TRANSOCEAN LTD REG SHS OPTION H8817H100 306 792 SH PUT SOLE 792 0 0 WATSON WYATT WORLDWIDE INC COM 942712100 587 11881 SH SOLE 11881 0 0 WEYERHAEUSER CO COM 962166104 15825 573981 SH SOLE 573981 0 0 WEYERHAEUSER CO OPTION 962166104 1781 1228 SH PUT SOLE 1228 0 0 WYETH COM 983024100 28420 660318 SH SOLE 660318 0 0 WYETH OPTION 983024100 1400 6481 SH CALL SOLE 6481 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 222 52907 SH SOLE 52907 0 0 WYNN RESORTS LTD COM 983134107 3016 151025 SH SOLE 151025 0 0 UNITED STATES STL CORP NEW COM 912909108 7027 332541 SH SOLE 332541 0 0 UNITED STATES STL CORP NEW OPTION 912909108 14336 6932 SH PUT SOLE 6932 0 0 EXCO RESOURCES INC COM 269279402 120 12040 SH SOLE 12040 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y704 453 1200 SH PUT SOLE 1200 0 0 XCEL ENERGY INC COM 98389B100 868 46567 SH SOLE 46567 0 0 SPDR SERIES TRUST S&P HOMEBUILDCOM 78464A888 4292 404190 SH SOLE 404190 0 0 XL CAP LTD COM G98255105 327 59802 SH SOLE 59802 0 0 SELECT SECTOR SPDR TR SBI MATE COM 81369Y100 1437 64709 SH SOLE 64709 0 0 SELECT SECTOR SPDR TR SBI MATE OPTION 81369Y100 637 2046 SH CALL SOLE 2046 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y506 176498 4156812 SH SOLE 4156812 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 2971 21023 SH CALL SOLE 21023 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 32474 56259 SH PUT SOLE 56259 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 86964 9871009 SH SOLE 9871009 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y704 31107 1687850 SH SOLE 1687850 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y803 37838 2422411 SH SOLE 2422411 0 0 XILINX INC COM 983919101 6438 336000 SH SOLE 336000 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y308 17948 850610 SH SOLE 850610 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y886 21792 852915 SH SOLE 852915 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y886 1522 8700 SH PUT SOLE 8700 0 0 SELECT SECTOR SPDR TR SBI HEAL COM 81369Y209 52052 2150000 SH SOLE 2150000 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y407 6008 305762 SH SOLE 305762 0 0 SPDR SERIES TRUST S&P METALS M COM 78464A755 2613 104107 SH SOLE 104107 0 0 EXXON MOBIL CORP COM 30231G102 139045 2041774 SH SOLE 2041774 0 0 EXXON MOBIL CORP OPTION 30231G102 10575 37112 SH CALL SOLE 37112 0 0 EXXON MOBIL CORP OPTION 30231G102 23679 45613 SH PUT SOLE 45613 0 0 XOMA LTD COM G9825R107 6 10465 SH SOLE 10465 0 0 SPDR SERIES TRUST S&P OILGAS E COM 78464A730 14286 537085 SH SOLE 537085 0 0 DENTSPLY INTL INC NEW COM 249030107 985 36688 SH SOLE 36688 0 0 SPDR SERIES TRUST S&P RETAIL E COM 78464A714 27498 1200276 SH SOLE 1200276 0 0 SPDR SERIES TRUST S&P RETAIL E OPTION 78464A714 1050 5000 SH CALL SOLE 5000 0 0 XEROX CORP COM 984121103 1852 407023 SH SOLE 407023 0 0 XEROX CORP OPTION 984121103 1329 1290 SH PUT SOLE 1290 0 0 XTO ENERGY INC COM 98385X106 14748 481653 SH SOLE 481653 0 0 XTO ENERGY INC OPTION 98385X106 1334 2701 SH PUT SOLE 2701 0 0 WEATHERFORD INTERNATIONAL LT R OPTION H27013103 1323 11541 SH CALL SOLE 11541 0 0 WEATHERFORD INTERNATIONAL LT R OPTION H27013103 6538 7561 SH PUT SOLE 7561 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 47295 66317 SH PUT SOLE 66317 0 0 YAHOO INC COM 984332106 12630 985926 SH SOLE 985926 0 0 YAHOO INC OPTION 984332106 4131 5615 SH PUT SOLE 5615 0 0 RESEARCH IN MOTION LTD OPTION 760975102 667 2870 SH CALL SOLE 2870 0 0 RESEARCH IN MOTION LTD OPTION 760975102 11498 8339 SH PUT SOLE 8339 0 0 ISHARES TR FTSE XNHUA IDX OPTION 464287184 7212 26150 SH CALL SOLE 26150 0 0 ISHARES TR FTSE XNHUA IDX OPTION 464287184 3979 23500 SH PUT SOLE 23500 0 0 GARMIN LTD OPTION G37260109 1075 183 SH PUT SOLE 183 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Mar 31,2009 Page33 of 33 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- YUM BRANDS INC COM 988498101 4283 155871 SH SOLE 155871 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 15799 85449 SH CALL SOLE 85449 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 70215 162784 SH PUT SOLE 162784 0 0 CHECK POINT SOFTWARE TECH LT OPTION M22465104 450 1000 SH CALL SOLE 1000 0 0 CHECK POINT SOFTWARE TECH LT OPTION M22465104 230 1000 SH PUT SOLE 1000 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTOPTION 678002106 227 1334 SH CALL SOLE 1334 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTOPTION 678002106 4813 6594 SH PUT SOLE 6594 0 0 TIME WARNER INC OPTION 887317105 920 13496 SH CALL SOLE 13496 0 0 ZIONS BANCORPORATION COM 989701107 1324 134735 SH SOLE 134735 0 0 ZIMMER HLDGS INC COM 98956P102 2615 71640 SH SOLE 71640 0 0 ZENITH NATL INS CORP COM 989390109 2485 103050 SH SOLE 103050 0 0 ZOLL MED CORP COM 989922109 288 20070 SH SOLE 20070 0 0 ZORAN CORP COM 98975F101 311 35333 SH SOLE 35333 0 0 ISHARES TR MSCI EAFE IDX OPTION 464287465 4867 18335 SH CALL SOLE 18335 0 0 ZUMIEZ INC COM 989817101 333 34336 SH SOLE 34336 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 14510 57750 SH CALL SOLE 57750 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 30758 128904 SH PUT SOLE 128904 0 0
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