-----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, VpV6ly1xSKMSwsXqiewb+jDDylqdPC0NVodJiqIisKDZMW5y69XF4+YdoQTlhEYN rYV6tYkQXnl3ci4uLSVaug== 0001166588-11-000001.txt : 20110214 0001166588-11-000001.hdr.sgml : 20110214 20110214151123 ACCESSION NUMBER: 0001166588-11-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 EFFECTIVENESS DATE: 20110214 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: 11606740 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 bnpparb13fhr.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:Dec 31,2010 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, SNC Address: 787 Seventh Ave. New York, NY 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: M. Andrews Yeo Title: Chief Operating Office, EQ&D, BNP Paribas Securities Corp. Phone: (917) 472-4991 Signature ,Place, and Date of Signing: M. Andrews Yeo New York, NY 2011/01/12 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting managers(s).) List of Other Managers Reporting for this Manager: **NONE** I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 2,591 Form 13F Information Table Value Total: $94,676,453 (X$1,000) List of Other Included Managers: No. 13F File Number Name **NONE**
Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page 1 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ADVANCED MICRO DEVICES INC BOND CV 007903AN7 133352 1301000 PRN SOLE 1301000 0 0 AFFILIATED MANAGERS GROUP BOND CV 008252AL2 106431 961000 PRN SOLE 961000 0 0 ALLEGHENY TECHNOLOGIES INC BOND CV 01741RAD4 120851 801000 PRN SOLE 801000 0 0 ALLIANT TECHSYSTEMS INC BOND CV 018804AK0 193275 1718000 PRN SOLE 1718000 0 0 ALLIANT TECHSYSTEMS INC BOND CV 018804AN4 18643 183000 PRN SOLE 183000 0 0 AMERIGROUP CORP BOND CV 03073TAB8 466511 4013000 PRN SOLE 4013000 0 0 AMGEN INC BOND CV 031162AQ3 194300 1943000 PRN SOLE 1943000 0 0 ARVINMERITOR INC BOND CV 043353AF8 350438 2773000 PRN SOLE 2773000 0 0 ARVINMERITOR INC BOND CV 043353AH4 615654 5616000 PRN SOLE 5616000 0 0 BECKMAN COULTER INC BOND CV 075811AD1 279492 2449000 PRN SOLE 2449000 0 0 BIOMARIN PHARMACEUTICAL INC BOND CV 09061GAC5 467500 2750000 PRN SOLE 2750000 0 0 CMS ENERGY CORP BOND CV 125896AW0 333213 2300000 PRN SOLE 2300000 0 0 CAL DIVE INTL INC BOND CV 127914AB5 83472 865000 PRN SOLE 865000 0 0 CAMERON INTERNATIONAL CORP BOND CV 13342BAB1 254914 1755000 PRN SOLE 1755000 0 0 CHENIERE ENERGY INC BOND CV 16411RAE9 1253750 17000000 PRN SOLE 17000000 0 0 COMMSCOPE INC BOND CV 203372AG2 673660 5182000 PRN SOLE 5182000 0 0 CUBIST PHARMACEUTICALS INC BOND CV 229678AC1 303 3000 PRN SOLE 3000 0 0 CUBIST PHARMACEUTICALS INC BOND CV 229678AD9 267094 2750000 PRN SOLE 2750000 0 0 D R HORTON INC BOND CV 23331ABB4 791000 7000000 PRN SOLE 7000000 0 0 DANAHER CORP DEL BOND CV 235851AF9 237284 1732000 PRN SOLE 1732000 0 0 DRYSHIPS INC. BOND CV 262498AB4 194750 1900000 PRN SOLE 1900000 0 0 EASTMAN KODAK CO BOND CV 277461BJ7 521875 5000000 PRN SOLE 5000000 0 0 GENCO SHIPPING & TRADING LTD BOND CV 36869MAA3 235398 2305000 PRN SOLE 2305000 0 0 GOODRICH PETE CORP BOND CV 382410AB4 59848 603000 PRN SOLE 603000 0 0 GOODRICH PETE CORP BOND CV 382410AC2 323285 3320000 PRN SOLE 3320000 0 0 HERTZ GLOBAL HOLDINGS INC BOND CV 42805TAA3 2876250 15000000 PRN SOLE 15000000 0 0 INCYTE CORP BOND CV 45337CAJ1 1040201 5010000 PRN SOLE 5010000 0 0 INGERSOLL-RAND GLOBAL HLDG C BOND CV 45687AAD4 1989375 7500000 PRN SOLE 7500000 0 0 INTERPUBLIC GROUP COS INC BOND CV 460690BE9 10519 90000 PRN SOLE 90000 0 0 INVITROGEN CORP BOND CV 46185RAM2 37405 314000 PRN SOLE 314000 0 0 JEFFERIES GROUP INC NEW DBCV 3 BOND CV 472319AG7 46879 447000 PRN SOLE 447000 0 0 KING PHARMACEUTICALS INC BOND CV 495582AJ7 386469 3889000 PRN SOLE 3889000 0 0 LIBERTY GLOBAL INC BOND CV 530555AB7 2747250 18500000 PRN SOLE 18500000 0 0 MF GLOBAL LTD BOND CV 55276YAB2 246685 2060000 PRN SOLE 2060000 0 0 MACROVISION CORP BOND CV 555904AB7 1106875 5000000 PRN SOLE 5000000 0 0 MICROCHIP TECHNOLOGY INC SDCV BOND CV 595017AB0 72813 595000 PRN SOLE 595000 0 0 MICRON TECHNOLOGY INC BOND CV 595112AJ2 352000 2000000 PRN SOLE 2000000 0 0 MYLAN INC BOND CV 628530AJ6 3109500 18000000 PRN SOLE 18000000 0 0 NAVISTAR INTL CORP NEW BOND CV 63934EAL2 66750 500000 PRN SOLE 500000 0 0 NETAPP INC BOND CV 64110DAB0 2404236 13488000 PRN SOLE 13488000 0 0 NEWMONT MINING CORP BOND CV 651639AH9 236569 1650000 PRN SOLE 1650000 0 0 NEWMONT MINING CORP BOND CV 651639AJ5 817298 5622000 PRN SOLE 5622000 0 0 NEWPARK RES INC BOND CV 651718AC2 593175 6600000 PRN SOLE 6600000 0 0 NORTHGATE MINERALS CORP BOND CV 666416AB8 299736 2785000 PRN SOLE 2785000 0 0 OIL STS INTL INC BOND CV 678026AB1 205125 1000000 PRN SOLE 1000000 0 0 OLD REP INTL CORP BOND CV 680223AF1 381 3000 PRN SOLE 3000 0 0 ON SEMICONDUCTOR CORP BOND CV 682189AG0 50715 433000 PRN SOLE 433000 0 0 PHH CORP BOND CV 693320AH6 774086 6400000 PRN SOLE 6400000 0 0 PMI GROUP INC BOND CV 69344MAK7 28298 343000 PRN SOLE 343000 0 0 PROLOGIS BOND CV 743410AQ5 1208766 12179000 PRN SOLE 12179000 0 0 PROLOGIS BOND CV 743410AY8 66339 599000 PRN SOLE 599000 0 0 RADIAN GROUP INC BOND CV 750236AK7 195750 2000000 PRN SOLE 2000000 0 0 RAYONIER TRS HLDGS INC BOND CV 75508AAB2 168512 1525000 PRN SOLE 1525000 0 0 REGIS CORP MINN BOND CV 758932AA5 766500 6000000 PRN SOLE 6000000 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page2 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ROPER INDS INC NEW BOND CV 776696AA4 23844 250000 PRN SOLE 250000 0 0 SBA COMMUNICATIONS CORP BOND CV 78388JAM8 2227500 15000000 PRN SOLE 15000000 0 0 SBA COMMUNICATIONS CORP BOND CV 78388JAN6 112125 1000000 PRN SOLE 1000000 0 0 SVB FINL GROUP BOND CV 78486QAB7 646500 6000000 PRN SOLE 6000000 0 0 SANDISK CORP BOND CV 80004CAD3 430392 3813000 PRN SOLE 3813000 0 0 STERLITE INDS INDIA LTD BOND CV 859737AB4 48880 470000 PRN SOLE 470000 0 0 TECH DATA CORP DBCV 2.750%12/1 BOND CV 878237AE6 574562 5518000 PRN SOLE 5518000 0 0 TEXTRON INC BOND CV 883203BN0 1096300 5770000 PRN SOLE 5770000 0 0 THORATEC CORP BOND CV 885175AB5 463375 5500000 PRN SOLE 5500000 0 0 TRIUMPH GROUP INC NEW BOND CV 896818AB7 1086312 6500000 PRN SOLE 6500000 0 0 VERTEX PHARMACEUTICALS INC BOND CV 92532FAN0 1049172 10375000 PRN SOLE 10375000 0 0 VIRGIN MEDIA INC BOND CV 92769LAB7 1942639 11738000 PRN SOLE 11738000 0 0 VORNADO RLTY L P DEB 3.875% 4/1BOND CV 929043AC1 1273178 11483000 PRN SOLE 11483000 0 0 WESCO INTL INC DBCV 6.000% 9/1 BOND CV 95082PAH8 1237500 6000000 PRN SOLE 6000000 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 6086 146893 SH SOLE 146893 0 0 ALCOA INC COM 013817101 31821 2067610 SH SOLE 2067610 0 0 ALCOA INC OPTION 013817101 1196 23504 SH PUT SOLE 23504 0 0 ALCOA INC OPTION 013817101 1453 3000 SH CALL SOLE 3000 0 0 AIRTRAN HLDGS INC COM 00949P108 1489 201545 SH SOLE 201545 0 0 AARONS INC PAR $0.50 COM 002535300 550 26998 SH SOLE 26998 0 0 ADVANCE AUTO PARTS INC COM 00751Y106 2468 37314 SH SOLE 37314 0 0 APPLE INC COM 037833100 556084 1723970 SH SOLE 1723970 0 0 APPLE INC OPTION 037833100 11698 39008 SH PUT SOLE 39008 0 0 APPLE INC OPTION 037833100 70103 9960 SH CALL SOLE 9960 0 0 ATLAS AIR WORLDWIDE HLDGS IN COM 049164205 308 5510 SH SOLE 5510 0 0 ALLIANCEBERNSTEIN HOLDING LP U COM 01881G106 905 38796 SH SOLE 38796 0 0 ADVANCED BATTERY TECHNOLOG I COM 00752H102 53 13721 SH SOLE 13721 0 0 ABB LTD COM 000375204 7172 319474 SH SOLE 319474 0 0 AMERISOURCEBERGEN CORP COM 03073E105 3976 116530 SH SOLE 116530 0 0 ACCO BRANDS CORP COM 00081T108 100 11773 SH SOLE 11773 0 0 ABM INDS INC COM 000957100 455 17299 SH SOLE 17299 0 0 ABBOTT LABS COM 002824100 129028 2693126 SH SOLE 2693126 0 0 ABBOTT LABS OPTION 002824100 1086 12347 SH CALL SOLE 12347 0 0 ABBOTT LABS OPTION 002824100 3552 19285 SH PUT SOLE 19285 0 0 COMPANHIA DE BEBIDAS DAS AME S COM 20441W203 24783 798671 SH SOLE 798671 0 0 ABOVENET INC COM 00374N107 612 10472 SH SOLE 10472 0 0 BARRICK GOLD CORP COM 067901108 21997 413628 SH SOLE 413628 0 0 BARRICK GOLD CORP OPTION 067901108 691 1610 SH CALL SOLE 1610 0 0 AMERICAN CAP LTD COM 02503Y103 554 73332 SH SOLE 73332 0 0 AMERICAN CAMPUS CMNTYS INC COM 024835100 845 26609 SH SOLE 26609 0 0 ACCELRYS INC COM 00430U103 95 11445 SH SOLE 11445 0 0 ACE LTD SHS COM H0023R105 18721 300741 SH SOLE 300741 0 0 ARCH CAP GROUP LTD COM G0450A105 35544 403678 SH SOLE 403678 0 0 ACERGY S A COM 00443E104 3013 123678 SH SOLE 123678 0 0 ALUMINUM CORP CHINA LTD SPON COM 022276109 1617 70973 SH SOLE 70973 0 0 ARCH COAL INC COM 039380100 6544 186660 SH SOLE 186660 0 0 ACI WORLDWIDE INC COM 004498101 346 12880 SH SOLE 12880 0 0 ALCON INC COM SHS COM H01301102 8233 50386 SH SOLE 50386 0 0 AXCELIS TECHNOLOGIES INC COM 054540109 78 22475 SH SOLE 22475 0 0 AECOM TECHNOLOGY CORP DELAWA COM 00766T100 1535 54885 SH SOLE 54885 0 0 ACCENTURE PLC IRELAND SHS CLAS COM G1151C101 9094 187551 SH SOLE 187551 0 0 ACORDA THERAPEUTICS INC COM 00484M106 228 8381 SH SOLE 8381 0 0 ACACIA RESH CORP ACACIA TCH COM 003881307 201 7742 SH SOLE 7742 0 0 ALBERTO CULVER CO NEW COM 013078100 13185 355964 SH SOLE 355964 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page3 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ACXIOM CORP COM 005125109 480 27961 SH SOLE 27961 0 0 ALLIANCE DATA SYSTEMS CORP BOND CV 018581AD0 237666 2216000 PRN SOLE 2216000 0 0 ADOBE SYS INC COM 00724F101 32249 1047739 SH SOLE 1047739 0 0 ADOBE SYS INC OPTION 00724F101 1758 2144 SH PUT SOLE 2144 0 0 ANALOG DEVICES INC COM 032654105 4748 126041 SH SOLE 126041 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 41099 1366316 SH SOLE 1366316 0 0 ARCHER DANIELS MIDLAND CO OPTION 039483102 293 4546 SH PUT SOLE 4546 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 19274 416457 SH SOLE 416457 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 3686 51890 SH SOLE 51890 0 0 ALLIANCE DATA SYSTEMS CORP OPTION 018581108 356 1607 SH PUT SOLE 1607 0 0 AUTODESK INC COM 052769106 9510 248950 SH SOLE 248950 0 0 ADTRAN INC COM 00738A106 862 23797 SH SOLE 23797 0 0 ADVENT SOFTWARE INC COM 007974108 350 6047 SH SOLE 6047 0 0 ADVANCE AMER CASH ADVANCE CT COM 00739W107 65 11500 SH SOLE 11500 0 0 ASSOCIATED ESTATES RLTY CORP COM 045604105 253 16564 SH SOLE 16564 0 0 AMEREN CORP COM 023608102 8289 294058 SH SOLE 294058 0 0 AEGON N V NY REGISTRY SH COM 007924103 1543 251783 SH SOLE 251783 0 0 AMERICAN EQTY INVT LIFE HLD COM 025676206 159 12708 SH SOLE 12708 0 0 AGNICO EAGLE MINES LTD COM 008474108 4730 61669 SH SOLE 61669 0 0 AGNICO EAGLE MINES LTD OPTION 008474108 248 7980 SH PUT SOLE 7980 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1906 130284 SH SOLE 130284 0 0 AMERICAN ELEC PWR INC COM 025537101 11211 311582 SH SOLE 311582 0 0 APPLIED ENERGETICS INC COM 03819M106 14 17032 SH SOLE 17032 0 0 AES CORP COM 00130H105 5987 491574 SH SOLE 491574 0 0 AETNA INC NEW COM 00817Y108 11209 367385 SH SOLE 367385 0 0 ASTORIA FINL CORP COM 046265104 551 39632 SH SOLE 39632 0 0 AFFYMETRIX INC COM 00826T108 76 15120 SH SOLE 15120 0 0 AMERICAN FINL GROUP INC OHIO COM 025932104 1504 46587 SH SOLE 46587 0 0 AFLAC INC COM 001055102 29926 530314 SH SOLE 530314 0 0 AFLAC INC OPTION 001055102 325 500 SH CALL SOLE 500 0 0 AGCO CORP BOND CV 001084AM4 129554 957000 PRN SOLE 957000 0 0 AGCO CORP COM 001084102 7257 143245 SH SOLE 143245 0 0 ISHARES TR BARCLY USAGG B COM 464287226 51257 484700 SH SOLE 484700 0 0 ARGO GROUP INTL HLDGS LTD COM G0464B107 253 6746 SH SOLE 6746 0 0 AGL RES INC COM 001204106 965 26930 SH SOLE 26930 0 0 ALLERGAN INC COM 018490102 16342 237980 SH SOLE 237980 0 0 AMERICAN CAPITAL AGENCY CORP COM 02503X105 312 10854 SH SOLE 10854 0 0 ASSURED GUARANTY LTD COM G0585R106 1458 82385 SH SOLE 82385 0 0 AMERIGROUP CORP COM 03073T102 1010 22997 SH SOLE 22997 0 0 AGRIUM INC COM 008916108 7458 81286 SH SOLE 81286 0 0 ALLIED HEALTHCARE INTL INC COM 01923A109 26 10126 SH SOLE 10126 0 0 ASPEN INSURANCE HOLDINGS LTD S COM G05384105 815 28475 SH SOLE 28475 0 0 ASHFORD HOSPITALITY TR INC COM COM 044103109 170 17665 SH SOLE 17665 0 0 AMERICAN INTL GROUP INC COM 026874784 14285 247919 SH SOLE 247919 0 0 AMERICAN INTL GROUP INC OPTION 026874784 2987 2493 SH CALL SOLE 2493 0 0 ALBANY INTL CORP COM 012348108 334 14098 SH SOLE 14098 0 0 APOLLO INVT CORP COM 03761U106 816 73716 SH SOLE 73716 0 0 AAR CORP COM 000361105 235 8537 SH SOLE 8537 0 0 ANTARES PHARMA INC COM 036642106 26 15439 SH SOLE 15439 0 0 APPLIED INDL TECHNOLOGIES IN COM 03820C105 472 14521 SH SOLE 14521 0 0 APARTMENT INVT & MGMT CO COM 03748R101 3386 131024 SH SOLE 131024 0 0 ASSURANT INC COM 04621X108 3399 88248 SH SOLE 88248 0 0 GALLAGHER ARTHUR J & CO COM 363576109 1885 64833 SH SOLE 64833 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 14078 299208 SH SOLE 299208 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page4 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ACADIA RLTY TR COM SH BEN INT COM 004239109 299 16406 SH SOLE 16406 0 0 AKORN INC COM 009728106 70 11599 SH SOLE 11599 0 0 AK STL HLDG CORP COM 001547108 17682 1080133 SH SOLE 1080133 0 0 ALBEMARLE CORP COM 012653101 1164 20862 SH SOLE 20862 0 0 ALCOA INC BOND CV 013817AT8 5256224 21248000 PRN SOLE 21248000 0 0 ALLETE INC COM 018522300 250 6714 SH SOLE 6714 0 0 ALEXANDER & BALDWIN INC COM 014482103 379 9475 SH SOLE 9475 0 0 ALIGN TECHNOLOGY INC COM 016255101 614 31431 SH SOLE 31431 0 0 ALASKA AIR GROUP INC COM 011659109 1105 19486 SH SOLE 19486 0 0 ALKERMES INC COM 01642T108 400 32588 SH SOLE 32588 0 0 ALLSTATE CORP COM 020002101 15642 490666 SH SOLE 490666 0 0 ALLSTATE CORP OPTION 020002101 366 1750 SH CALL SOLE 1750 0 0 ALERE INC COM 01449J105 566 15475 SH SOLE 15475 0 0 ALTERRA CAPITAL HOLDINGS LIM COM G0229R108 450 20783 SH SOLE 20783 0 0 ALLOS THERAPEUTICS INC COM 019777101 77 16750 SH SOLE 16750 0 0 ALTERA CORP COM 021441100 10704 300854 SH SOLE 300854 0 0 ALCATEL-LUCENT COM 013904305 4237 1431526 SH SOLE 1431526 0 0 AUTOLIV INC COM 052800109 3009 38119 SH SOLE 38119 0 0 ALEXANDERS INC COM 014752109 324 785 SH SOLE 785 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 2268 28155 SH SOLE 28155 0 0 AMERICAN GREETINGS CORP COM 026375105 336 15145 SH SOLE 15145 0 0 APPLIED MATLS INC COM 038222105 8923 635079 SH SOLE 635079 0 0 AMB PROPERTY CORP COM 00163T109 5248 165513 SH SOLE 165513 0 0 APPLIED MICRO CIRCUITS CORP COM 03822W406 153 14300 SH SOLE 14300 0 0 ADVANCED MICRO DEVICES INC COM 007903107 11362 1388938 SH SOLE 1388938 0 0 ADVANCED MICRO DEVICES INC OPTION 007903107 224 6423 SH PUT SOLE 6423 0 0 ADVANCED MICRO DEVICES INC BOND CV 007903AL1 27404 272000 PRN SOLE 272000 0 0 AMETEK INC NEW COM 031100100 3017 76863 SH SOLE 76863 0 0 AMEDISYS INC COM 023436108 787 23484 SH SOLE 23484 0 0 AFFILIATED MANAGERS GROUP COM 008252108 2917 29398 SH SOLE 29398 0 0 AMGEN INC COM 031162100 96764 1762548 SH SOLE 1762548 0 0 AMGEN INC OPTION 031162100 944 4294 SH CALL SOLE 4294 0 0 AMGEN INC OPTION 031162100 3419 17147 SH PUT SOLE 17147 0 0 JPMORGAN CHASE & CO ALERIAN ML COM 46625H365 486 13378 SH SOLE 13378 0 0 AMKOR TECHNOLOGY INC COM 031652100 405 54635 SH SOLE 54635 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 1080 73398 SH SOLE 73398 0 0 AMERICAN MED SYS HLDGS INC COM 02744M108 336 17832 SH SOLE 17832 0 0 AMERICAN MED SYS HLDGS INC BOND CV 02744MAB4 610000 5000000 PRN SOLE 5000000 0 0 AMERIPRISE FINL INC COM 03076C106 11136 193505 SH SOLE 193505 0 0 AMR CORP COM 001765106 4367 560632 SH SOLE 560632 0 0 AMR CORP OPTION 001765106 294 4950 SH PUT SOLE 4950 0 0 AMERICAN SUPERCONDUCTOR CORP COM 030111108 2637 92228 SH SOLE 92228 0 0 AMERICAN TOWER CORP COM 029912201 9218 178506 SH SOLE 178506 0 0 TD AMERITRADE HLDG CORP COM 87236Y108 4215 221984 SH SOLE 221984 0 0 AMERICA MOVIL SAB DE CV SPON COM 02364W105 5664 98778 SH SOLE 98778 0 0 AMAZON COM INC COM 023135106 62974 349855 SH SOLE 349855 0 0 AMAZON COM INC OPTION 023135106 2653 10181 SH PUT SOLE 10181 0 0 AMAZON COM INC OPTION 023135106 24679 4405 SH CALL SOLE 4405 0 0 AUTONATION INC COM 05329W102 907 32150 SH SOLE 32150 0 0 ANADIGICS INC COM 032515108 97 14004 SH SOLE 14004 0 0 AMERICAN NATL INS CO COM 028591105 234 2735 SH SOLE 2735 0 0 ABERCROMBIE & FITCH CO COM 002896207 2781 48252 SH SOLE 48252 0 0 ANWORTH MORTGAGE ASSET CP COM 037347101 177 25323 SH SOLE 25323 0 0 ANNTAYLOR STORES CORP COM 036115103 850 31048 SH SOLE 31048 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page5 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ALPHA NATURAL RESOURCES INC COM 02076X102 9923 165299 SH SOLE 165299 0 0 ALPHA NATURAL RESOURCES INC BOND CV 02076XAA0 337853 2526000 PRN SOLE 2526000 0 0 ANSYS INC COM 03662Q105 1265 24293 SH SOLE 24293 0 0 ALLIED NEVADA GOLD CORP COM 019344100 428 16274 SH SOLE 16274 0 0 AEGEAN MARINE PETROLEUM NETW S COM Y0017S102 876 84022 SH SOLE 84022 0 0 ALPINE TOTAL DYNAMIC DIVID F C COM 021060108 552 93185 SH SOLE 93185 0 0 ALLIANCE ONE INTL INC COM 018772103 81 19149 SH SOLE 19149 0 0 AOL INC COM 00184X105 1255 52914 SH SOLE 52914 0 0 AON CORP COM 037389103 11389 247536 SH SOLE 247536 0 0 A123 SYS INC COM 03739T108 150 15765 SH SOLE 15765 0 0 SMITH A O COM 831865209 309 8120 SH SOLE 8120 0 0 APACHE CORP COM 037411105 31531 264452 SH SOLE 264452 0 0 APACHE CORP OPTION 037411105 235 2587 SH PUT SOLE 2587 0 0 APACHE CORP OPTION 037411105 2290 1850 SH CALL SOLE 1850 0 0 ANADARKO PETE CORP COM 032511107 22217 291714 SH SOLE 291714 0 0 ANADARKO PETE CORP OPTION 032511107 5210 2500 SH CALL SOLE 2500 0 0 AIR PRODS & CHEMS INC COM 009158106 12084 132864 SH SOLE 132864 0 0 AMERICAN PUBLIC EDUCATION IN COM 02913V103 253 6790 SH SOLE 6790 0 0 MORGAN STANLEY ASIA PAC FD I COM 61744U106 494 29121 SH SOLE 29121 0 0 AMPHENOL CORP NEW COM 032095101 7367 139583 SH SOLE 139583 0 0 ACME PACKET INC COM 004764106 503 9460 SH SOLE 9460 0 0 ATLAS PIPELINE PARTNERS LP UNI COM 049392103 328 13294 SH SOLE 13294 0 0 APOLLO GROUP INC COM 037604105 13079 331209 SH SOLE 331209 0 0 APOLLO GROUP INC OPTION 037604105 2963 915 SH PUT SOLE 915 0 0 ACCURAY INC COM 004397105 74 10941 SH SOLE 10941 0 0 ARBITRON INC COM 03875Q108 284 6838 SH SOLE 6838 0 0 ARIBA INC COM 04033V203 452 19226 SH SOLE 19226 0 0 ARES CAP CORP COM 04010L103 1195 72511 SH SOLE 72511 0 0 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 2957 40363 SH SOLE 40363 0 0 AIRGAS INC COM 009363102 4256 68143 SH SOLE 68143 0 0 AIRGAS INC OPTION 009363102 288 2850 SH PUT SOLE 2850 0 0 AIRGAS INC OPTION 009363102 405 1500 SH CALL SOLE 1500 0 0 ARIAD PHARMACEUTICALS INC COM 04033A100 144 28298 SH SOLE 28298 0 0 ARVINMERITOR INC COM 043353101 596 29032 SH SOLE 29032 0 0 ARVINMERITOR INC OPTION 043353101 477 1100 SH CALL SOLE 1100 0 0 ARENA PHARMACEUTICALS INC COM 040047102 43 24901 SH SOLE 24901 0 0 AEROPOSTALE COM 007865108 1173 47623 SH SOLE 47623 0 0 ARRIS GROUP INC COM 04269Q100 569 50753 SH SOLE 50753 0 0 ARRAY BIOPHARMA INC COM 04269X105 31 10485 SH SOLE 10485 0 0 ART TECHNOLOGY GROUP INC COM 04289L107 949 158659 SH SOLE 158659 0 0 ARUBA NETWORKS INC COM 043176106 346 16558 SH SOLE 16558 0 0 ARROW ELECTRS INC COM 042735100 2036 59441 SH SOLE 59441 0 0 ASSOCIATED BANC CORP COM 045487105 1427 94223 SH SOLE 94223 0 0 LIBERTY ALL-STAR GROWTH FD I COM 529900102 471 110874 SH SOLE 110874 0 0 ASHLAND INC NEW COM 044209104 1485 29194 SH SOLE 29194 0 0 ASIAINFO-LINKAGE INC COM 04518A104 236 14264 SH SOLE 14264 0 0 ASM INTL N V NY REGISTER SH COM N07045102 3019 86224 SH SOLE 86224 0 0 ASML HOLDING N V NY REG SHS COM N07059186 1318 34375 SH SOLE 34375 0 0 GRUPO AEROPORTUARIO DEL SURE S COM 40051E202 4073 72152 SH SOLE 72152 0 0 ALPHATEC HOLDINGS INC COM 02081G102 30 11225 SH SOLE 11225 0 0 ATHENAHEALTH INC COM 04685W103 295 7206 SH SOLE 7206 0 0 ATHEROS COMMUNICATIONS INC COM 04743P108 346 9640 SH SOLE 9640 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 5281 95699 SH SOLE 95699 0 0 ALLEGHENY TECHNOLOGIES INC OPTION 01741R102 1850 1000 SH CALL SOLE 1000 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page6 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ALLIANT TECHSYSTEMS INC COM 018804104 917 12324 SH SOLE 12324 0 0 ATLAS ENERGY INC COM 049298102 1472 33475 SH SOLE 33475 0 0 ATMEL CORP COM 049513104 1488 120774 SH SOLE 120774 0 0 ATMOS ENERGY CORP COM 049560105 672 21553 SH SOLE 21553 0 0 APTARGROUP INC COM 038336103 786 16516 SH SOLE 16516 0 0 AIR TRANSPORT SERVICES GRP I COM 00922R105 93 11733 SH SOLE 11733 0 0 ACTUANT CORP COM 00508X203 693 26043 SH SOLE 26043 0 0 ACTIVISION BLIZZARD INC COM 00507V109 3535 284138 SH SOLE 284138 0 0 ATWOOD OCEANICS INC COM 050095108 628 16792 SH SOLE 16792 0 0 ANGLOGOLD ASHANTI LTD COM 035128206 376 7632 SH SOLE 7632 0 0 ANGLOGOLD ASHANTI HLDGS FIN MA COM 03512Q206 3433 61885 SH SOLE 61885 0 0 AUXILIUM PHARMACEUTICALS INC COM 05334D107 518 24572 SH SOLE 24572 0 0 YAMANA GOLD INC COM 98462Y100 2480 193779 SH SOLE 193779 0 0 YAMANA GOLD INC OPTION 98462Y100 289 4500 SH CALL SOLE 4500 0 0 YAMANA GOLD INC OPTION 98462Y100 168 25517 SH PUT SOLE 25517 0 0 AVISTA CORP COM 05379B107 269 11949 SH SOLE 11949 0 0 AVALONBAY CMNTYS INC COM 053484101 9051 80419 SH SOLE 80419 0 0 AVAGO TECHNOLOGIES LTD SHS COM Y0486S104 1066 37525 SH SOLE 37525 0 0 AVI BIOPHARMA INC COM 002346104 51 24047 SH SOLE 24047 0 0 AVANIR PHARMACEUTICALS INC COM 05348P401 87 21304 SH SOLE 21304 0 0 AVIAT NETWORKS INC COM 05366Y102 78 15411 SH SOLE 15411 0 0 AVON PRODS INC COM 054303102 13187 453781 SH SOLE 453781 0 0 AVNET INC COM 053807103 3204 97002 SH SOLE 97002 0 0 AVERY DENNISON CORP COM 053611109 3036 71706 SH SOLE 71706 0 0 ALLIED WRLD ASSUR COM HLDG A S COM H01531104 985 16573 SH SOLE 16573 0 0 AMERICAN WTR WKS CO INC NEW COM 030420103 6015 237841 SH SOLE 237841 0 0 ALPINE GLOBAL PREMIER PPTYS CO COM 02083A103 303 42673 SH SOLE 42673 0 0 ABRAXAS PETE CORP COM 003830106 66 14372 SH SOLE 14372 0 0 ANIXTER INTL INC COM 035290105 1002 16770 SH SOLE 16770 0 0 ANIXTER INTL INC BOND CV 035290AJ4 43967 393000 PRN SOLE 393000 0 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 996 77478 SH SOLE 77478 0 0 AMERICAN EXPRESS CO COM 025816109 59458 1385325 SH SOLE 1385325 0 0 AMERICAN EXPRESS CO OPTION 025816109 1184 18710 SH PUT SOLE 18710 0 0 AMERICAN EXPRESS CO OPTION 025816109 473 4066 SH CALL SOLE 4066 0 0 AXIS CAPITAL HOLDINGS SHS COM G0692U109 2589 72171 SH SOLE 72171 0 0 ALLEGHENY ENERGY INC COM 017361106 2711 111847 SH SOLE 111847 0 0 ACUITY BRANDS INC COM 00508Y102 947 16428 SH SOLE 16428 0 0 AIRCASTLE LTD COM G0129K104 115 10977 SH SOLE 10977 0 0 AURIZON MINES LTD COM 05155P106 228 31200 SH SOLE 31200 0 0 ASTRAZENECA PLC COM 046353108 893 19336 SH SOLE 19336 0 0 AUTOZONE INC COM 053332102 4012 14717 SH SOLE 14717 0 0 ASPEN TECHNOLOGY INC COM 045327103 568 44742 SH SOLE 44742 0 0 BARNES GROUP INC COM 067806109 216 10461 SH SOLE 10461 0 0 BOEING CO COM 097023105 34106 522612 SH SOLE 522612 0 0 BOEING CO OPTION 097023105 560 3794 SH CALL SOLE 3794 0 0 BOEING CO OPTION 097023105 1454 9967 SH PUT SOLE 9967 0 0 BANK OF AMERICA CORPORATION COM 060505104 1022023 76613423 SH SOLE 76613423 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 5581 90333 SH CALL SOLE 90333 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 215047 686901 SH PUT SOLE 686901 0 0 BRASKEM S A SP COM 105532105 449 17900 SH SOLE 17900 0 0 BROOKFIELD ASSET MGMT INC COM 112585104 3599 108096 SH SOLE 108096 0 0 CREDICORP LTD COM G2519Y108 87663 737221 SH SOLE 737221 0 0 BASIC ENERGY SVCS INC NEW COM 06985P100 226 13722 SH SOLE 13722 0 0 BAXTER INTL INC COM 071813109 17165 339096 SH SOLE 339096 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page7 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BLACKBOARD INC COM 091935502 932 22558 SH SOLE 22558 0 0 BED BATH & BEYOND INC COM 075896100 9261 188417 SH SOLE 188417 0 0 BANCO BRADESCO S A SP COM 059460303 51036 2515337 SH SOLE 2515337 0 0 BANCO BRADESCO S A SP OPTION 059460303 1421 9630 SH PUT SOLE 9630 0 0 BARRETT BILL CORP COM 06846N104 1440 35005 SH SOLE 35005 0 0 BHP BILLITON PLC COM 05545E209 1017 12630 SH SOLE 12630 0 0 BIGBAND NETWORKS INC COM 089750509 31 11042 SH SOLE 11042 0 0 BB&T CORP COM 054937107 20873 793934 SH SOLE 793934 0 0 BB&T CORP OPTION 054937107 347 900 SH PUT SOLE 900 0 0 BEST BUY INC COM 086516101 14939 435666 SH SOLE 435666 0 0 BEST BUY INC OPTION 086516101 722 751 SH PUT SOLE 751 0 0 BRUNSWICK CORP COM 117043109 366 19540 SH SOLE 19540 0 0 BCE INC COM 05534B760 360 10147 SH SOLE 10147 0 0 BRINKS CO COM 109696104 480 17851 SH SOLE 17851 0 0 BALCHEM CORP COM 057665200 208 6165 SH SOLE 6165 0 0 BARD C R INC COM 067383109 10308 112325 SH SOLE 112325 0 0 BARCLAYS PLC COM 06738E204 618 37392 SH SOLE 37392 0 0 BLUE COAT SYSTEMS INC COM 09534T508 567 18975 SH SOLE 18975 0 0 BELDEN INC COM 077454106 373 10136 SH SOLE 10136 0 0 BRANDYWINE RLTY TR SH BEN INT COM 105368203 891 76487 SH SOLE 76487 0 0 BECTON DICKINSON & CO COM 075887109 8655 102403 SH SOLE 102403 0 0 BE AEROSPACE INC COM 073302101 1104 29810 SH SOLE 29810 0 0 BECKMAN COULTER INC COM 075811109 2502 33257 SH SOLE 33257 0 0 BEACON ROOFING SUPPLY INC COM 073685109 339 18992 SH SOLE 18992 0 0 STRATEGIC HOTELS & RESORTS I COM 86272T106 314 59423 SH SOLE 59423 0 0 FRANKLIN RES INC COM 354613101 20290 182452 SH SOLE 182452 0 0 FRANKLIN RES INC OPTION 354613101 282 1241 SH CALL SOLE 1241 0 0 BRIGHAM EXPLORATION CO COM 109178103 1051 38591 SH SOLE 38591 0 0 BALDOR ELEC CO COM 057741100 5858 92929 SH SOLE 92929 0 0 BROWN FORMAN CORP CL B COM 115637209 4257 61151 SH SOLE 61151 0 0 BUNGE LIMITED COM G16962105 20181 308015 SH SOLE 308015 0 0 BGC PARTNERS INC COM 05541T101 100 12078 SH SOLE 12078 0 0 BRIGGS & STRATTON CORP COM 109043109 489 24826 SH SOLE 24826 0 0 BORDERS GROUP INC COM 099709107 10 11148 SH SOLE 11148 0 0 B & G FOODS INC NEW COM 05508R106 140 10163 SH SOLE 10163 0 0 DIREXION SHS ETF TR DLY LRG CA COM 25459W862 7150 100000 SH SOLE 100000 0 0 BENCHMARK ELECTRS INC COM 08160H101 247 13593 SH SOLE 13593 0 0 BAKER HUGHES INC COM 057224107 10149 177527 SH SOLE 177527 0 0 BHP BILLITON LTD COM 088606108 1429 15376 SH SOLE 15376 0 0 SOTHEBYS COM 835898107 1456 32345 SH SOLE 32345 0 0 BAIDU INC SPON COM 056752108 35547 368248 SH SOLE 368248 0 0 BAIDU INC SPON OPTION 056752108 236 8326 SH PUT SOLE 8326 0 0 BAIDU INC SPON OPTION 056752108 20242 4960 SH CALL SOLE 4960 0 0 BIG LOTS INC COM 089302103 1933 63458 SH SOLE 63458 0 0 BIOGEN IDEC INC COM 09062X103 34832 519497 SH SOLE 519497 0 0 SPDR SERIES TRUST BRCLYS 1-3MT COM 78464A680 2939 64090 SH SOLE 64090 0 0 IESI BFC LTD COM 44951D108 1483 61022 SH SOLE 61022 0 0 BIO RAD LABS INC COM 090572207 501 4824 SH SOLE 4824 0 0 BJS WHOLESALE CLUB INC COM 05548J106 626 13076 SH SOLE 13076 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 31030 1027484 SH SOLE 1027484 0 0 BANK OF NEW YORK MELLON CORP OPTION 064058100 2512 9446 SH CALL SOLE 9446 0 0 BLACKROCK KELSO CAPITAL CORP COM 092533108 171 15421 SH SOLE 15421 0 0 BROOKDALE SR LIVING INC COM 112463104 956 44647 SH SOLE 44647 0 0 BUCKLE INC COM 118440106 215 5696 SH SOLE 5696 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page8 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BLACK HILLS CORP COM 092113109 713 23763 SH SOLE 23763 0 0 BUCKEYE TECHNOLOGIES INC COM 118255108 834 39698 SH SOLE 39698 0 0 BANK MUTUAL CORP NEW COM 063750103 48 10048 SH SOLE 10048 0 0 BARNES & NOBLE INC COM 067774109 208 14685 SH SOLE 14685 0 0 BELO CORP COM SER A COM 080555105 140 19800 SH SOLE 19800 0 0 BLACKROCK INC COM 09247X101 10009 52517 SH SOLE 52517 0 0 BLACKBAUD INC COM 09227Q100 252 9744 SH SOLE 9744 0 0 BALL CORP COM 058498106 8069 118568 SH SOLE 118568 0 0 BLOUNT INTL INC NEW COM 095180105 164 10403 SH SOLE 10403 0 0 IMMUCOR INC COM 452526106 1221 61561 SH SOLE 61561 0 0 BMC SOFTWARE INC COM 055921100 9591 203455 SH SOLE 203455 0 0 BANK MONTREAL QUE COM 063671101 143469 2492083 SH SOLE 2492083 0 0 BIOMED REALTY TRUST INC COM 09063H107 992 53201 SH SOLE 53201 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 212 7885 SH SOLE 7885 0 0 BIOMARIN PHARMACEUTICAL INC BOND CV 09061GAD3 12639 88000 PRN SOLE 88000 0 0 BEMIS INC COM 081437105 2671 81778 SH SOLE 81778 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 45072 1702107 SH SOLE 1702107 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 824 12542 SH PUT SOLE 12542 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 819 17218 SH CALL SOLE 17218 0 0 BANK NOVA SCOTIA HALIFAX COM 064149107 12033 210369 SH SOLE 210369 0 0 BOB EVANS FARMS INC COM 096761101 641 19440 SH SOLE 19440 0 0 BANK HAWAII CORP COM 062540109 1592 33714 SH SOLE 33714 0 0 BOK FINL CORP COM 05561Q201 520 9736 SH SOLE 9736 0 0 BP PLC COM 055622104 9347 211622 SH SOLE 211622 0 0 BIOSANTE PHARMACEUTICALS INC COM 09065V203 25 15100 SH SOLE 15100 0 0 BOSTON PRIVATE FINL HLDGS IN COM 101119105 102 15554 SH SOLE 15554 0 0 BRIDGEPOINT ED INC COM 10807M105 258 13592 SH SOLE 13592 0 0 BROOKFIELD PPTYS CORP COM 112900105 3353 191252 SH SOLE 191252 0 0 POPULAR INC COM 733174106 1237 393996 SH SOLE 393996 0 0 BPZ RESOURCES INC COM 055639108 97 20464 SH SOLE 20464 0 0 BRO COM 11133T103 1504 68586 SH SOLE 68586 0 0 BRADY CORP COM 104674106 343 10529 SH SOLE 10529 0 0 BROCADE COMMUNICATIONS SYS I COM 111621306 1139 215353 SH SOLE 215353 0 0 BROADCOM CORP COM 111320107 16964 389530 SH SOLE 389530 0 0 BRE PROPERTIES INC COM 05564E106 2035 46786 SH SOLE 46786 0 0 BRF-BRASIL FOODS S A COM 10552T107 669 39656 SH SOLE 39656 0 0 BERKSHIRE HATHAWAY INC DEL COM 084670108 11684 97 SH SOLE 97 0 0 BERKSHIRE HATHAWAY INC DEL CL BCOM 084670702 154774 1932014 SH SOLE 1932014 0 0 BERKSHIRE HATHAWAY INC DEL CL BOPTION 084670702 770 3241 SH CALL SOLE 3241 0 0 BERKSHIRE HATHAWAY INC DEL CL BOPTION 084670702 2772 15263 SH PUT SOLE 15263 0 0 BROOKLINE BANCORP INC DEL COM 11373M107 411 37885 SH SOLE 37885 0 0 BRUKER CORP COM 116794108 265 15982 SH SOLE 15982 0 0 BROOKS AUTOMATION INC COM 114340102 129 14187 SH SOLE 14187 0 0 BROWN & BROWN INC COM 115236101 1495 62453 SH SOLE 62453 0 0 BRISTOW GROUP INC COM 110394103 368 7771 SH SOLE 7771 0 0 BRISTOW GROUP INC BOND CV 110394AC7 652256 6450000 PRN SOLE 6450000 0 0 BERRY PETE CO COM 085789105 485 11100 SH SOLE 11100 0 0 BANCO SANTANDER BRASIL S A ADS COM 05967A107 6520 479430 SH SOLE 479430 0 0 BOSTON SCIENTIFIC CORP COM 101137107 11027 1456699 SH SOLE 1456699 0 0 BOSTON SCIENTIFIC CORP OPTION 101137107 1327 3960 SH PUT SOLE 3960 0 0 BAYTEX ENERGY TR TRUST UNIT COM 073176109 0 61850 SH SOLE 61850 0 0 BOULDER TOTAL RETURN FD INC COM 101541100 404 26010 SH SOLE 26010 0 0 PEABODY ENERGY CORP COM 704549104 25637 400702 SH SOLE 400702 0 0 PEABODY ENERGY CORP SDCV 4.750 BOND CV 704549AG9 41529 321000 PRN SOLE 321000 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page9 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BUCYRUS INTL INC NEW COM 118759109 13904 155525 SH SOLE 155525 0 0 FIRST BUSEY CORP COM 319383105 54 11385 SH SOLE 11385 0 0 COMPANIA DE MINAS BUENAVENTU COM 204448104 10629 217102 SH SOLE 217102 0 0 BORGWARNER INC COM 099724106 6100 84294 SH SOLE 84294 0 0 BORGWARNER INC OPTION 099724106 1480 350 SH CALL SOLE 350 0 0 BROADWIND ENERGY INC COM 11161T108 47 20374 SH SOLE 20374 0 0 BUFFALO WILD WINGS INC COM 119848109 380 8666 SH SOLE 8666 0 0 BLACKSTONE GROUP L P COM UNIT COM 09253U108 224 15849 SH SOLE 15849 0 0 BOSTON PROPERTIES INC COM 101121101 12348 143409 SH SOLE 143409 0 0 BANCORPSOUTH INC COM 059692103 1067 66886 SH SOLE 66886 0 0 BOYD GAMING CORP COM 103304101 3431 323644 SH SOLE 323644 0 0 BALLY TECHNOLOGIES INC COM 05874B107 621 14722 SH SOLE 14722 0 0 BOISE INC COM 09746Y105 119 15023 SH SOLE 15023 0 0 BEAZER HOMES USA INC COM 07556Q105 1689 313335 SH SOLE 313335 0 0 CITIGROUP INC COM 172967101 428030 90492587 SH SOLE 90492587 0 0 CITIGROUP INC OPTION 172967101 1830 98074 SH CALL SOLE 98074 0 0 CITIGROUP INC OPTION 172967101 66175 936952 SH PUT SOLE 936952 0 0 CA INC COM 12673P105 12499 511435 SH SOLE 511435 0 0 CACI INTL INC COM 127190304 1452 27183 SH SOLE 27183 0 0 CAE INC COM 124765108 1670 144853 SH SOLE 144853 0 0 CONAGRA FOODS INC COM 205887102 5684 251744 SH SOLE 251744 0 0 CARDINAL HEALTH INC COM 14149Y108 4965 129594 SH SOLE 129594 0 0 CAMAC ENERGY INC COM 131745101 21 10576 SH SOLE 10576 0 0 CHEESECAKE FACTORY INC COM 163072101 818 26665 SH SOLE 26665 0 0 CAL MAINE FOODS INC COM 128030202 464 14705 SH SOLE 14705 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 8270 163026 SH SOLE 163026 0 0 AVIS BUDGET GROUP COM 053774105 2544 163483 SH SOLE 163483 0 0 CASEYS GEN STORES INC COM 147528103 988 23233 SH SOLE 23233 0 0 CATERPILLAR INC DEL COM 149123101 55994 597845 SH SOLE 597845 0 0 CATERPILLAR INC DEL OPTION 149123101 1176 13334 SH PUT SOLE 13334 0 0 CATERPILLAR INC DEL OPTION 149123101 2969 1644 SH CALL SOLE 1644 0 0 CATO CORP NEW COM 149205106 408 14901 SH SOLE 14901 0 0 CATHAY GENERAL BANCORP COM 149150104 496 29682 SH SOLE 29682 0 0 CAVIUM NETWORKS INC COM 14965A101 361 9577 SH SOLE 9577 0 0 CHUBB CORP COM 171232101 22067 370008 SH SOLE 370008 0 0 CINCINNATI BELL INC NEW COM 171871106 218 78034 SH SOLE 78034 0 0 COMPANHIA BRASILEIRA DE DIST S COM 20440T201 366 8716 SH SOLE 8716 0 0 COOPER INDUSTRIES PLC SHS COM G24140108 2560 43912 SH SOLE 43912 0 0 CB RICHARD ELLIS GROUP INC COM 12497T101 6656 324998 SH SOLE 324998 0 0 CHICAGO BRIDGE & IRON CO N V N COM 167250109 2913 88550 SH SOLE 88550 0 0 CBL & ASSOC PPTYS INC COM 124830100 967 55259 SH SOLE 55259 0 0 CIBER INC COM 17163B102 65 13995 SH SOLE 13995 0 0 CRACKER BARREL OLD CTRY STOR COM 22410J106 281 5136 SH SOLE 5136 0 0 CBS CORP NEW CL B COM 124857202 5945 312069 SH SOLE 312069 0 0 COMMERCE BANCSHARES INC COM 200525103 1677 42219 SH SOLE 42219 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 271 12667 SH SOLE 12667 0 0 CABOT CORP COM 127055101 592 15712 SH SOLE 15712 0 0 CALGON CARBON CORP COM 129603106 1403 92820 SH SOLE 92820 0 0 COCA COLA ENTERPRISES INC NE COM 19122T109 6674 266654 SH SOLE 266654 0 0 CROWN CASTLE INTL CORP COM 228227104 3606 82280 SH SOLE 82280 0 0 CROWN CASTLE INTL CORP OPTION 228227104 205 4836 SH CALL SOLE 4836 0 0 CAMECO CORP COM 13321L108 12468 308762 SH SOLE 308762 0 0 CROWN HOLDINGS INC COM 228368106 1970 59031 SH SOLE 59031 0 0 CARNIVAL CORP PAIRED CTF COM 143658300 7661 166152 SH SOLE 166152 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page10 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CABOT MICROELECTRONICS CORP COM 12709P103 215 5190 SH SOLE 5190 0 0 COEUR D ALENE MINES CORP IDA COM 192108504 518 18958 SH SOLE 18958 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 596 72141 SH SOLE 72141 0 0 CEDAR SHOPPING CTRS INC COM 150602209 146 23152 SH SOLE 23152 0 0 CELANESE CORP DEL COM SER A COM 150870103 2501 60743 SH SOLE 60743 0 0 CHINA EASTN AIRLS LTD SPON COM 16937R104 840 33057 SH SOLE 33057 0 0 CAREER EDUCATION CORP COM 141665109 577 27816 SH SOLE 27816 0 0 CENTRAL EUROPEAN DIST CORP COM 153435102 360 15726 SH SOLE 15726 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 4520 147578 SH SOLE 147578 0 0 CELLCOM ISRAEL LTD SHS COM M2196U109 664 20301 SH SOLE 20301 0 0 CELGENE CORP COM 151020104 45559 770354 SH SOLE 770354 0 0 CELGENE CORP OPTION 151020104 2761 4631 SH PUT SOLE 4631 0 0 CELGENE CORP RIGHT 12/31/2011 COM 151020112 85 17420 SH SOLE 17420 0 0 BRIGHTPOINT INC COM 109473405 138 15778 SH SOLE 15778 0 0 CENTRAL GARDEN & PET CO COM 153527205 120 12167 SH SOLE 12167 0 0 CENTURY ALUM CO COM 156431108 791 50945 SH SOLE 50945 0 0 CNOOC LTD COM 126132109 10451 43845 SH SOLE 43845 0 0 CEPHALON INC COM 156708109 9504 153990 SH SOLE 153990 0 0 CEPHALON INC BOND CV 156708AP4 2246000 16000000 PRN SOLE 16000000 0 0 CERNER CORP COM 156782104 6350 67028 SH SOLE 67028 0 0 CF INDS HLDGS INC COM 125269100 10327 76411 SH SOLE 76411 0 0 CAREFUSION CORP COM 14170T101 2170 84430 SH SOLE 84430 0 0 CULLEN FROST BANKERS INC COM 229899109 2073 33925 SH SOLE 33925 0 0 CAPITAL GOLD CORP COM 14018Y205 66 13089 SH SOLE 13089 0 0 COGNEX CORP COM 192422103 257 8722 SH SOLE 8722 0 0 CGG VERITAS COM 204386106 3334 108995 SH SOLE 108995 0 0 CHINA TELECOM CORP LTD SPON COM 169426103 2438 46631 SH SOLE 46631 0 0 CHURCH & DWIGHT INC COM 171340102 2300 33329 SH SOLE 33329 0 0 CHEMED CORP NEW COM 16359R103 312 4910 SH SOLE 4910 0 0 CHESAPEAKE ENERGY CORP COM 165167107 16777 647522 SH SOLE 647522 0 0 CHESAPEAKE ENERGY CORP BOND CV 165167BZ9 357000 4000000 PRN SOLE 4000000 0 0 CHESAPEAKE ENERGY CORP BOND CV 165167BW6 33348 336000 PRN SOLE 336000 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 1292 27928 SH SOLE 27928 0 0 CHINA MOBILE LIMITED COM 16941M109 6999 141058 SH SOLE 141058 0 0 CHARMING SHOPPES INC COM 161133103 90 25234 SH SOLE 25234 0 0 C H ROBINSON WORLDWIDE INC COM 12541W209 5531 68979 SH SOLE 68979 0 0 C H ROBINSON WORLDWIDE INC OPTION 12541W209 968 400 SH CALL SOLE 400 0 0 CHICOS FAS INC COM 168615102 540 44855 SH SOLE 44855 0 0 CATALYST HEALTH SOLUTIONS IN COM 14888B103 378 8133 SH SOLE 8133 0 0 CHINA UNICOM (HONG KONG) LTD COM 16945R104 4441 311642 SH SOLE 311642 0 0 CIGNA CORP COM 125509109 8754 238778 SH SOLE 238778 0 0 BANCOLOMBIA S A SPON COM 05968L102 2547 41144 SH SOLE 41144 0 0 CIENA CORP COM 171779309 504 23927 SH SOLE 23927 0 0 CIENA CORP BOND CV 171779AB7 204320 2233000 PRN SOLE 2233000 0 0 CIENA CORP BOND CV 171779AE1 22632 276000 PRN SOLE 276000 0 0 COMPANHIA ENERGETICA DE MINA SPCOM 204409601 9298 560482 SH SOLE 560482 0 0 STAR SCIENTIFIC INC COM 85517P101 41 21180 SH SOLE 21180 0 0 CHIMERA INVT CORP COM 16934Q109 1625 395337 SH SOLE 395337 0 0 CINCINNATI FINL CORP COM 172062101 6552 206763 SH SOLE 206763 0 0 CAMELOT INFORMATION SYS INC AD COM 13322V105 475 19873 SH SOLE 19873 0 0 CNINSURE INC COM 18976M103 598 34587 SH SOLE 34587 0 0 CIT GROUP INC COM 125581801 5147 109273 SH SOLE 109273 0 0 SEACOR HOLDINGS INC COM 811904101 293 2896 SH SOLE 2896 0 0 CKX INC COM 12562M106 586 145343 SH SOLE 145343 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page11 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- COLGATE PALMOLIVE CO COM 194162103 37232 463260 SH SOLE 463260 0 0 COLGATE PALMOLIVE CO OPTION 194162103 868 4318 SH CALL SOLE 4318 0 0 COLGATE PALMOLIVE CO OPTION 194162103 1292 5270 SH PUT SOLE 5270 0 0 CORE LABORATORIES N V COM N22717107 5146 57786 SH SOLE 57786 0 0 CLARCOR INC COM 179895107 468 10907 SH SOLE 10907 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 10441 133837 SH SOLE 133837 0 0 CORELOGIC INC COM 21871D103 1364 73669 SH SOLE 73669 0 0 CLEAN HARBORS INC COM 184496107 3191 37953 SH SOLE 37953 0 0 MACK CALI RLTY CORP COM 554489104 1946 58873 SH SOLE 58873 0 0 CLEAN ENERGY FUELS CORP COM 184499101 142 10262 SH SOLE 10262 0 0 COLONIAL PPTYS TR COM SH BEN I COM 195872106 538 29803 SH SOLE 29803 0 0 CONTINENTAL RESOURCES INC COM 212015101 206 3503 SH SOLE 3503 0 0 CLARIENT INC COM 180489106 184 36864 SH SOLE 36864 0 0 CLEARWIRE CORP NEW COM 18538Q105 470 91194 SH SOLE 91194 0 0 CLOROX CO DEL COM 189054109 7811 123434 SH SOLE 123434 0 0 CDN IMPERIAL BK OF COMMERCE COM 136069101 6946 88592 SH SOLE 88592 0 0 COMERICA INC COM 200340107 8264 195637 SH SOLE 195637 0 0 COMMERCIAL METALS CO COM 201723103 546 32914 SH SOLE 32914 0 0 COMCAST CORP NEW COM 20030N101 41465 1887363 SH SOLE 1887363 0 0 COMCAST CORP NEW OPTION 20030N101 872 27263 SH PUT SOLE 27263 0 0 COMCAST CORP NEW OPTION 20030N101 3591 9983 SH CALL SOLE 9983 0 0 COMCAST CORP NEW COM 20030N200 3819 183537 SH SOLE 183537 0 0 CME GROUP INC COM 12572Q105 21072 65493 SH SOLE 65493 0 0 CHINA MED TECHNOLOGIES INC COM 169483104 394 35073 SH SOLE 35073 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 3712 17457 SH SOLE 17457 0 0 CUMMINS INC COM 231021106 15292 139001 SH SOLE 139001 0 0 COMPELLENT TECHNOLOGIES INC COM 20452A108 3587 130020 SH SOLE 130020 0 0 CAPSTEAD MTG CORP COM NO PAR COM 14067E506 191 15187 SH SOLE 15187 0 0 COMPASS MINERALS INTL INC COM 20451N101 1099 12316 SH SOLE 12316 0 0 CMS ENERGY CORP COM 125896100 4812 258706 SH SOLE 258706 0 0 COMTECH TELECOMMUNICATIONS C COM 205826209 371 13370 SH SOLE 13370 0 0 CNA FINL CORP COM 126117100 621 22951 SH SOLE 22951 0 0 CENTENE CORP DEL COM 15135B101 267 10526 SH SOLE 10526 0 0 CNH GLOBAL N V SHS COM N20935206 4125 86403 SH SOLE 86403 0 0 CANADIAN NATL RY CO COM 136375102 6115 92001 SH SOLE 92001 0 0 CINEMARK HOLDINGS INC COM 17243V102 210 12202 SH SOLE 12202 0 0 CLECO CORP NEW COM 12561W105 921 29937 SH SOLE 29937 0 0 CNO FINL GROUP INC COM 12621E103 344 50717 SH SOLE 50717 0 0 CENTERPOINT ENERGY INC COM 15189T107 10314 656136 SH SOLE 656136 0 0 CANADIAN NAT RES LTD COM 136385101 11056 248896 SH SOLE 248896 0 0 CONCUR TECHNOLOGIES INC COM 206708109 841 16192 SH SOLE 16192 0 0 CON-WAY INC COM 205944101 476 13007 SH SOLE 13007 0 0 CONSOL ENERGY INC COM 20854P109 32745 671826 SH SOLE 671826 0 0 CONSOL ENERGY INC OPTION 20854P109 533 602 SH CALL SOLE 602 0 0 CONEXANT SYSTEMS INC COM 207142308 29 17837 SH SOLE 17837 0 0 CORINTHIAN COLLEGES INC COM 218868107 100 19178 SH SOLE 19178 0 0 CAPITAL ONE FINL CORP COM 14040H105 18839 442646 SH SOLE 442646 0 0 CAPITAL ONE FINL CORP OPTION 14040H105 257 12555 SH PUT SOLE 12555 0 0 CABOT OIL & GAS CORP COM 127097103 1838 48559 SH SOLE 48559 0 0 COACH INC COM 189754104 13072 236337 SH SOLE 236337 0 0 COHERENT INC COM 192479103 243 5374 SH SOLE 5374 0 0 ROCKWELL COLLINS INC COM 774341101 9446 162127 SH SOLE 162127 0 0 CONOCOPHILLIPS COM 20825C104 66308 973681 SH SOLE 973681 0 0 CONOCOPHILLIPS OPTION 20825C104 2980 32092 SH PUT SOLE 32092 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page12 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CONOCOPHILLIPS OPTION 20825C104 9046 8810 SH CALL SOLE 8810 0 0 COSTCO WHSL CORP NEW COM 22160K105 19846 274839 SH SOLE 274839 0 0 COSTCO WHSL CORP NEW OPTION 22160K105 1637 2150 SH CALL SOLE 2150 0 0 COVIDIEN PLC SHS COM G2554F105 26493 580226 SH SOLE 580226 0 0 CANADIAN PAC RY LTD COM 13645T100 2702 41692 SH SOLE 41692 0 0 CAMPBELL SOUP CO COM 134429109 8472 243802 SH SOLE 243802 0 0 CEPHEID COM 15670R107 307 13473 SH SOLE 13473 0 0 CPI INTERNATIONAL INC COM 12618M100 896 46327 SH SOLE 46327 0 0 CALIFORNIA PIZZA KITCHEN INC COM 13054D109 302 17488 SH SOLE 17488 0 0 CPFL ENERGIA S A COM 126153105 3217 41889 SH SOLE 41889 0 0 CAPELLA EDUCATION COMPANY COM 139594105 267 4003 SH SOLE 4003 0 0 CALPINE CORP COM 131347304 1230 92194 SH SOLE 92194 0 0 CORN PRODS INTL INC COM 219023108 843 18318 SH SOLE 18318 0 0 COPART INC COM 217204106 632 16912 SH SOLE 16912 0 0 CAPSTONE TURBINE CORP COM 14067D102 50 52357 SH SOLE 52357 0 0 CAMDEN PPTY TR SH BEN INT COM 133131102 2684 49721 SH SOLE 49721 0 0 CONCEPTUS INC COM 206016107 234 16964 SH SOLE 16964 0 0 COMPUWARE CORP COM 205638109 1115 95544 SH SOLE 95544 0 0 COMPLETE PRODUCTION SERVICES COM 20453E109 1571 53175 SH SOLE 53175 0 0 CRANE CO COM 224399105 470 11438 SH SOLE 11438 0 0 CELERA CORP COM 15100E106 111 17678 SH SOLE 17678 0 0 CITIZENS REPUBLIC BANCORP IN COM 174420109 52 83972 SH SOLE 83972 0 0 CREE INC COM 225447101 6095 92503 SH SOLE 92503 0 0 CARTER INC COM 146229109 388 13161 SH SOLE 13161 0 0 CURIS INC COM 231269101 33 16722 SH SOLE 16722 0 0 COMSTOCK RES INC COM 205768203 311 12660 SH SOLE 12660 0 0 CHARLES RIV LABS INTL INC COM 159864107 708 19910 SH SOLE 19910 0 0 SALESFORCE COM INC COM 79466L302 11837 89675 SH SOLE 89675 0 0 SALESFORCE COM INC OPTION 79466L302 447 110 SH CALL SOLE 110 0 0 CROCS INC COM 227046109 336 19617 SH SOLE 19617 0 0 CARBO CERAMICS INC COM 140781105 430 4152 SH SOLE 4152 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 481 11947 SH SOLE 11947 0 0 CIRRUS LOGIC INC COM 172755100 191 11947 SH SOLE 11947 0 0 CARRIZO OIL & CO INC COM 144577103 232 6731 SH SOLE 6731 0 0 CARRIZO OIL & CO INC BOND CV 144577AA1 138316 1415000 PRN SOLE 1415000 0 0 CREDIT SUISSE GROUP COM 225401108 5167 127857 SH SOLE 127857 0 0 COMPUTER SCIENCES CORP COM 205363104 3251 65550 SH SOLE 65550 0 0 CISCO SYS INC COM 17275R102 153863 7605690 SH SOLE 7605690 0 0 CISCO SYS INC OPTION 17275R102 412 23282 SH CALL SOLE 23282 0 0 CISCO SYS INC OPTION 17275R102 14715 91885 SH PUT SOLE 91885 0 0 CAPITALSOURCE INC COM 14055X102 885 124634 SH SOLE 124634 0 0 COSTAR GROUP INC COM 22160N109 253 4398 SH SOLE 4398 0 0 CASH AMER INTL INC COM 14754D100 237 6431 SH SOLE 6431 0 0 CARLISLE COS INC COM 142339100 1112 27973 SH SOLE 27973 0 0 COINSTAR INC COM 19259P300 807 14295 SH SOLE 14295 0 0 COINSTAR INC BOND CV 19259PAF9 953250 6000000 PRN SOLE 6000000 0 0 CSX CORP COM 126408103 12703 196607 SH SOLE 196607 0 0 CINTAS CORP COM 172908105 2674 95645 SH SOLE 95645 0 0 COOPER TIRE & RUBR CO COM 216831107 848 35973 SH SOLE 35973 0 0 CITY TELECOM H K LTD COM 178677209 408 27563 SH SOLE 27563 0 0 CENTURYLINK INC COM 156700106 8367 181213 SH SOLE 181213 0 0 CTRIP COM INTL LTD AMERICAN DE COM 22943F100 2945 72807 SH SOLE 72807 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 12752 173987 SH SOLE 173987 0 0 COMMSCOPE INC COM 203372107 4471 143197 SH SOLE 143197 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page13 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CITRIX SYS INC COM 177376100 10737 156957 SH SOLE 156957 0 0 COUSINS PPTYS INC COM 222795106 451 54077 SH SOLE 54077 0 0 COVANTA HLDG CORP COM 22282E102 3606 209769 SH SOLE 209769 0 0 CVB FINL CORP COM 126600105 178 20507 SH SOLE 20507 0 0 CABLEVISION SYS CORP COM 12686C109 4773 141048 SH SOLE 141048 0 0 COVANCE INC COM 222816100 1832 35629 SH SOLE 35629 0 0 CENOVUS ENERGY INC COM 15135U109 5531 166404 SH SOLE 166404 0 0 CONVERGYS CORP COM 212485106 565 42913 SH SOLE 42913 0 0 COVENTRY HEALTH CARE INC COM 222862104 2507 94965 SH SOLE 94965 0 0 COMMVAULT SYSTEMS INC COM 204166102 309 10792 SH SOLE 10792 0 0 CENVEO INC COM 15670S105 62 11644 SH SOLE 11644 0 0 CVS CAREMARK CORPORATION COM 126650100 28835 829313 SH SOLE 829313 0 0 CVS CAREMARK CORPORATION OPTION 126650100 702 7198 SH PUT SOLE 7198 0 0 CVS CAREMARK CORPORATION OPTION 126650100 2003 7578 SH CALL SOLE 7578 0 0 CHEVRON CORP NEW COM 166764100 110790 1214141 SH SOLE 1214141 0 0 CHEVRON CORP NEW OPTION 166764100 2923 31507 SH PUT SOLE 31507 0 0 CHEVRON CORP NEW OPTION 166764100 5467 8544 SH CALL SOLE 8544 0 0 CURTISS WRIGHT CORP COM 231561101 329 9921 SH SOLE 9921 0 0 COMMONWEALTH REIT COM SH BEN I COM 203233101 1054 41316 SH SOLE 41316 0 0 COLDWATER CREEK INC COM 193068103 43 13625 SH SOLE 13625 0 0 CEMEX SAB DE CV SPON COM 151290889 4349 406103 SH SOLE 406103 0 0 CONCHO RES INC COM 20605P101 5812 66297 SH SOLE 66297 0 0 CORRECTIONS CORP AMER NEW COM 22025Y407 722 28817 SH SOLE 28817 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 445 23976 SH SOLE 23976 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 821 21981 SH SOLE 21981 0 0 CYMER INC COM 232572107 293 6494 SH SOLE 6494 0 0 CITY NATL CORP COM 178566105 1531 24956 SH SOLE 24956 0 0 CHANGYOU COM LTD ADS REP COM 15911M107 391 13699 SH SOLE 13699 0 0 CYPRESS BIOSCIENCES INC PAR $ COM 232674507 586 90487 SH SOLE 90487 0 0 CYPRESS SHARPRIDGE INVTS INC COM 23281A307 147 11380 SH SOLE 11380 0 0 CYTEC INDS INC COM 232820100 1070 20169 SH SOLE 20169 0 0 CYTOKINETICS INC COM 23282W100 21 10214 SH SOLE 10214 0 0 CYTRX CORP COM 232828301 24 23909 SH SOLE 23909 0 0 CYTORI THERAPEUTICS INC COM 23283K105 52 10035 SH SOLE 10035 0 0 COSAN LTD SHS A COM G25343107 1435 105326 SH SOLE 105326 0 0 DOMINION RES INC VA NEW COM 25746U109 13983 327311 SH SOLE 327311 0 0 DELTA AIR LINES INC DEL COM 247361702 1515 120261 SH SOLE 120261 0 0 DANA HLDG CORP COM 235825205 716 41626 SH SOLE 41626 0 0 DARLING INTL INC COM 237266101 239 18005 SH SOLE 18005 0 0 DEUTSCHE BANK AG NAMEN AKT COM D18190898 218 4187 SH SOLE 4187 0 0 DIEBOLD INC COM 253651103 615 19191 SH SOLE 19191 0 0 DRESS BARN INC COM 261570105 1293 48949 SH SOLE 48949 0 0 DONALDSON INC COM 257651109 1076 18466 SH SOLE 18466 0 0 DCT INDUSTRIAL TRUST INC COM 233153105 457 86101 SH SOLE 86101 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 32468 650930 SH SOLE 650930 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 845 18758 SH PUT SOLE 18758 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 2209 4609 SH CALL SOLE 4609 0 0 DYNAMEX INC COM 26784F103 833 33641 SH SOLE 33641 0 0 DEVELOPERS DIVERSIFIED RLTY COM 251591103 2214 157115 SH SOLE 157115 0 0 DILLARDS INC COM 254067101 323 8519 SH SOLE 8519 0 0 DILLARDS INC OPTION 254067101 839 2850 SH CALL SOLE 2850 0 0 DEERE & CO COM 244199105 32753 394382 SH SOLE 394382 0 0 DEERE & CO OPTION 244199105 434 4482 SH PUT SOLE 4482 0 0 DEERE & CO OPTION 244199105 448 1057 SH CALL SOLE 1057 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page14 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DECKERS OUTDOOR CORP COM 243537107 1170 14678 SH SOLE 14678 0 0 DOUGLAS EMMETT INC COM 25960P109 1140 68650 SH SOLE 68650 0 0 DELL INC COM 24702R101 54784 4043112 SH SOLE 4043112 0 0 DELL INC OPTION 24702R101 3475 41454 SH PUT SOLE 41454 0 0 DENNYS CORP COM 24869P104 74 20562 SH SOLE 20562 0 0 DEPOMED INC COM 249908104 72 11346 SH SOLE 11346 0 0 DEX ONE CORP COM 25212W100 81 10908 SH SOLE 10908 0 0 DEAN FOODS CO NEW COM 242370104 8656 979201 SH SOLE 979201 0 0 DELPHI FINL GROUP INC COM 247131105 366 12695 SH SOLE 12695 0 0 DISCOVER FINL SVCS COM 254709108 9053 488568 SH SOLE 488568 0 0 DUPONT FABROS TECHNOLOGY INC COM 26613Q106 434 20381 SH SOLE 20381 0 0 DOLLAR GEN CORP NEW COM 256677105 795 25914 SH SOLE 25914 0 0 DG FASTCHANNEL INC COM 23326R109 240 8318 SH SOLE 8318 0 0 DUOYUAN GLOBAL WTR INC COM 266043108 2784 217990 SH SOLE 217990 0 0 QUEST DIAGNOSTICS INC COM 74834L100 3215 59575 SH SOLE 59575 0 0 DWS HIGH INCOME OPPORT FD IN COM 23339M204 2145 152325 SH SOLE 152325 0 0 D R HORTON INC COM 23331A109 7667 642674 SH SOLE 642674 0 0 D R HORTON INC OPTION 23331A109 2262 19841 SH PUT SOLE 19841 0 0 DANAHER CORP DEL COM 235851102 14964 317228 SH SOLE 317228 0 0 DHT HOLDINGS INC COM Y2065G105 50 10800 SH SOLE 10800 0 0 SPDR DOW JONES INDL AVRG ETF U COM 78467X109 62397 539625 SH SOLE 539625 0 0 SPDR DOW JONES INDL AVRG ETF U OPTION 78467X109 1489 9060 SH PUT SOLE 9060 0 0 PROSHARES TR PSHS ULTRA O&G COM 74347R719 218 4761 SH SOLE 4761 0 0 DIODES INC COM 254543101 846 31328 SH SOLE 31328 0 0 DISNEY WALT CO COM DISNEY COM 254687106 40075 1068387 SH SOLE 1068387 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 990 21787 SH PUT SOLE 21787 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 2609 6595 SH CALL SOLE 6595 0 0 DISCOVERY COMMUNICATNS NEW COM COM 25470F104 9414 225747 SH SOLE 225747 0 0 DISCOVERY COMMUNICATNS NEW COM COM 25470F302 3271 89153 SH SOLE 89153 0 0 DISH NETWORK CORP COM 25470M109 1017 51738 SH SOLE 51738 0 0 DICKS SPORTING GOODS INC COM 253393102 777 20725 SH SOLE 20725 0 0 DOLBY LABORATORIES INC COM 25659T107 1765 26467 SH SOLE 26467 0 0 DEL MONTE FOODS CO COM 24522P103 7047 374836 SH SOLE 374836 0 0 DIGITAL RLTY TR INC COM 253868103 22615 438792 SH SOLE 438792 0 0 DOLLAR TREE INC COM 256746108 4053 72266 SH SOLE 72266 0 0 DELUXE CORP COM 248019101 1078 46839 SH SOLE 46839 0 0 DIAMOND FOODS INC COM 252603105 252 4746 SH SOLE 4746 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 4465 54388 SH SOLE 54388 0 0 DENDREON CORP BOND CV 24823QAB3 2650312 7500000 PRN SOLE 7500000 0 0 DIONEX CORP COM 254546104 6713 56881 SH SOLE 56881 0 0 DENBURY RES INC COM 247916208 8805 461219 SH SOLE 461219 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 9403 140616 SH SOLE 140616 0 0 DOVER CORP COM 260003108 7603 130079 SH SOLE 130079 0 0 DOW CHEM CO COM 260543103 49429 1447842 SH SOLE 1447842 0 0 DOW CHEM CO OPTION 260543103 2350 30238 SH PUT SOLE 30238 0 0 AMDOCS LTD COM G02602103 375 13666 SH SOLE 13666 0 0 DPL INC COM 233293109 1207 46947 SH SOLE 46947 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 8885 252711 SH SOLE 252711 0 0 DELTA PETE CORP COM 247907207 31 40768 SH SOLE 40768 0 0 DELTA PETE CORP BOND CV 247907AD0 255 3000 PRN SOLE 3000 0 0 DOMINOS PIZZA INC COM 25754A201 838 52556 SH SOLE 52556 0 0 DRESSER-RAND GROUP INC COM 261608103 4591 107804 SH SOLE 107804 0 0 DUKE REALTY CORP COM 264411505 8702 698372 SH SOLE 698372 0 0 DIAMONDROCK HOSPITALITY CO COM 252784301 759 63231 SH SOLE 63231 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page15 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DARDEN RESTAURANTS INC COM 237194105 9613 206997 SH SOLE 206997 0 0 DIGITAL RIV INC COM 25388B104 517 15029 SH SOLE 15029 0 0 DWS RREEF WRLD REAL ESTATE F COM 23339T209 2586 141716 SH SOLE 141716 0 0 DRIL-QUIP INC COM 262037104 5037 64804 SH SOLE 64804 0 0 DURECT CORP COM 266605104 64 18664 SH SOLE 18664 0 0 DRYSHIPS INC SHS COM Y2109Q101 109 19800 SH SOLE 19800 0 0 DRUGSTORE COM INC COM 262241102 43 19486 SH SOLE 19486 0 0 DST SYS INC DEL COM 233326107 421 9490 SH SOLE 9490 0 0 DSW INC COM 23334L102 283 7227 SH SOLE 7227 0 0 DTE ENERGY CO COM 233331107 7705 170019 SH SOLE 170019 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 13345 282375 SH SOLE 282375 0 0 DIRECTV COM COM 25490A101 26171 655431 SH SOLE 655431 0 0 DUKE ENERGY CORP NEW COM 26441C105 16312 915912 SH SOLE 915912 0 0 DEVRY INC DEL COM 251893103 2614 54474 SH SOLE 54474 0 0 DAVITA INC COM 23918K108 6977 100397 SH SOLE 100397 0 0 DYNAVAX TECHNOLOGIES CORP COM 268158102 70 21990 SH SOLE 21990 0 0 DEVON ENERGY CORP NEW COM 25179M103 21863 278471 SH SOLE 278471 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 358 4791 SH PUT SOLE 4791 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 2004 3603 SH CALL SOLE 3603 0 0 CAL DIVE INTL INC DEL COM 12802T101 115 20354 SH SOLE 20354 0 0 ISHARES TR DJ SEL DIV INX COM 464287168 398880 8000000 SH SOLE 8000000 0 0 DREAMWORKS ANIMATION SKG INC COM 26153C103 1007 34165 SH SOLE 34165 0 0 DEXCOM INC COM 252131107 186 13614 SH SOLE 13614 0 0 DYAX CORP COM 26746E103 42 19573 SH SOLE 19573 0 0 DYNEGY INC DEL COM 26817G300 1201 213639 SH SOLE 213639 0 0 BRINKER INTL INC COM 109641100 827 39628 SH SOLE 39628 0 0 EBAY INC COM 278642103 39502 1419410 SH SOLE 1419410 0 0 EBAY INC OPTION 278642103 1285 42392 SH PUT SOLE 42392 0 0 EBAY INC OPTION 278642103 4145 10616 SH CALL SOLE 10616 0 0 CENTRAIS ELETRICAS BRASILEIR COM 15234Q207 2222 161618 SH SOLE 161618 0 0 ECOPETROL S A COM 279158109 2207 50607 SH SOLE 50607 0 0 ENCANA CORP COM 292505104 4555 156418 SH SOLE 156418 0 0 ECOLAB INC COM 278865100 6482 128570 SH SOLE 128570 0 0 CONSOLIDATED EDISON INC COM 209115104 9144 184471 SH SOLE 184471 0 0 EDUCATION RLTY TR INC COM 28140H104 181 23249 SH SOLE 23249 0 0 NEW ORIENTAL ED & TECH GRP I S COM 647581107 1512 14368 SH SOLE 14368 0 0 EL PASO ELEC CO COM 283677854 265 9626 SH SOLE 9626 0 0 EURONET WORLDWIDE INC COM 298736109 339 19419 SH SOLE 19419 0 0 ISHARES TR MSCI EMERG MKT COM 464287234 672023 14105677 SH SOLE 14105677 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 8742 36768 SH CALL SOLE 36768 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 10443 84768 SH PUT SOLE 84768 0 0 ISHARES TR MSCI EAFE IDX COM 464287465 104575 1796202 SH SOLE 1796202 0 0 ISHARES TR MSCI EAFE IDX OPTION 464287465 1649 9850 SH CALL SOLE 9850 0 0 ISHARES TR MSCI EAFE IDX OPTION 464287465 1299 6836 SH PUT SOLE 6836 0 0 EQUIFAX INC COM 294429105 4798 134768 SH SOLE 134768 0 0 EAGLE BULK SHIPPING INC COM Y2187A101 65 13103 SH SOLE 13103 0 0 ENERGEN CORP COM 29265N108 1628 33728 SH SOLE 33728 0 0 ELDORADO GOLD CORP NEW COM 284902103 2120 114186 SH SOLE 114186 0 0 NIC INC COM 62914B100 115 11804 SH SOLE 11804 0 0 EASTGROUP PPTY INC COM 277276101 465 10979 SH SOLE 10979 0 0 VAALCO ENERGY INC COM 91851C201 81 11252 SH SOLE 11252 0 0 EMPLOYERS HOLDINGS INC COM 292218104 19470 1113859 SH SOLE 1113859 0 0 EDISON INTL COM 281020107 5057 131022 SH SOLE 131022 0 0 E HOUSE CHINA HLDGS LTD COM 26852W103 737 49291 SH SOLE 49291 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page16 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- EASTMAN KODAK CO COM 277461109 11344 2116327 SH SOLE 2116327 0 0 EASTMAN KODAK CO OPTION 277461109 389 7993 SH CALL SOLE 7993 0 0 EASTMAN KODAK CO OPTION 277461109 7741 27152 SH PUT SOLE 27152 0 0 LAUDER ESTEE COS INC COM 518439104 5526 68474 SH SOLE 68474 0 0 ENDOLOGIX INC COM 29266S106 72 10114 SH SOLE 10114 0 0 EARTHLINK INC COM 270321102 939 109179 SH SOLE 109179 0 0 EQUITY LIFESTYLE PPTYS INC COM 29472R108 633 11319 SH SOLE 11319 0 0 EMULEX CORP COM 292475209 1796 154052 SH SOLE 154052 0 0 CALLAWAY GOLF CO COM 131193104 113 13957 SH SOLE 13957 0 0 E M C CORP MASS COM 268648102 39802 1738074 SH SOLE 1738074 0 0 E M C CORP MASS OPTION 268648102 6600 9280 SH CALL SOLE 9280 0 0 E M C CORP MASS BOND CV 268648AM4 2429581 16130000 PRN SOLE 16130000 0 0 E M C CORP MASS BOND CV 268648AK8 25309 175000 PRN SOLE 175000 0 0 EMCOR GROUP INC COM 29084Q100 416 14355 SH SOLE 14355 0 0 EASTMAN CHEM CO COM 277432100 4275 50841 SH SOLE 50841 0 0 EMERSON ELEC CO COM 291011104 35226 616167 SH SOLE 616167 0 0 EMERSON ELEC CO OPTION 291011104 1342 739 SH CALL SOLE 739 0 0 ENBRIDGE INC COM 29250N105 0 79614 SH SOLE 79614 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 2077 58162 SH SOLE 58162 0 0 ENERGY CONVERSION DEVICES IN COM 292659109 76 16552 SH SOLE 16552 0 0 ENDURANCE SPECIALTY HLDGS LT S COM G30397106 738 16009 SH SOLE 16009 0 0 ENERSIS S A COM 29274F104 3041 130946 SH SOLE 130946 0 0 REED ELSEVIER N V SPONS COM 758204200 2761 110976 SH SOLE 110976 0 0 ENERNOC INC COM 292764107 740 30965 SH SOLE 30965 0 0 ENERGIZER HLDGS INC COM 29266R108 2390 32790 SH SOLE 32790 0 0 ENERSYS COM 29275Y102 336 10456 SH SOLE 10456 0 0 ENTEGRIS INC COM 29362U104 403 53901 SH SOLE 53901 0 0 ENTROPIC COMMUNICATIONS INC COM 29384R105 166 13756 SH SOLE 13756 0 0 ENZON PHARMACEUTICALS INC COM 293904108 129 10621 SH SOLE 10621 0 0 EMPRESA NACIONAL DE ELCTRCID COM 29244T101 247 4400 SH SOLE 4400 0 0 EOG RES INC COM 26875P101 17984 196741 SH SOLE 196741 0 0 EOG RES INC OPTION 26875P101 382 1436 SH CALL SOLE 1436 0 0 EATON VANCE ENH EQTY INC FD COM 278277108 683 55960 SH SOLE 55960 0 0 EL PASO CORP COM 28336L109 10254 745230 SH SOLE 745230 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 452 10852 SH SOLE 10852 0 0 EPICOR SOFTWARE CORP COM 29426L108 277 27379 SH SOLE 27379 0 0 ISHARES INC MSCI PAC J IDX COM 464286665 799 17000 SH SOLE 17000 0 0 ENTERTAINMENT PPTYS TR COM SH COM 29380T105 878 18981 SH SOLE 18981 0 0 EQUINIX INC COM 29444U502 20537 252726 SH SOLE 252726 0 0 EQUITY RESIDENTIAL SH BEN INT COM 29476L107 15175 292107 SH SOLE 292107 0 0 ERP OPER LTD PARTNERSHIP BOND CV 26884AAV5 131250 1250000 PRN SOLE 1250000 0 0 EQT CORP COM 26884L109 6349 141594 SH SOLE 141594 0 0 EQUITY ONE COM 294752100 476 26199 SH SOLE 26199 0 0 ERESEARCHTECHNOLOGY INC COM 29481V108 77 10491 SH SOLE 10491 0 0 ENERPLUS RES FD UNIT TR G COM 29274D604 1057 34282 SH SOLE 34282 0 0 ERICSSON L M TEL CO COM 294821608 4735 410688 SH SOLE 410688 0 0 ERIE INDTY CO COM 29530P102 725 11067 SH SOLE 11067 0 0 EMBRAER S A SP COM 29082A107 253 8606 SH SOLE 8606 0 0 ELECTRONIC ARTS INC COM 285512109 2752 168039 SH SOLE 168039 0 0 ENERGYSOLUTIONS INC COM 292756202 746 133935 SH SOLE 133935 0 0 ESCO TECHNOLOGIES INC COM 296315104 221 5850 SH SOLE 5850 0 0 ITT EDUCATIONAL SERVICES INC COM 45068B109 1384 21736 SH SOLE 21736 0 0 ESTERLINE TECHNOLOGIES CORP COM 297425100 441 6435 SH SOLE 6435 0 0 EVERGREEN SOLAR INC COM 30033R108 17 28862 SH SOLE 28862 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page17 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- EXPRESS SCRIPTS INC COM 302182100 25816 477641 SH SOLE 477641 0 0 ESSEX PPTY TR INC COM 297178105 2529 22138 SH SOLE 22138 0 0 E TRADE FINANCIAL CORP COM 269246401 3181 198790 SH SOLE 198790 0 0 EATON VANCE RISK MNGD DIV EQ COM 27829G106 1228 92500 SH SOLE 92500 0 0 EATON CORP COM 278058102 10752 105921 SH SOLE 105921 0 0 ENTERGY CORP NEW COM 29364G103 12055 170199 SH SOLE 170199 0 0 EATON VANCE TXMGD GL BUYWR O COM 27829C105 564 46075 SH SOLE 46075 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 608 53727 SH SOLE 53727 0 0 EATON VANCE CORP COM NON VTG COM 278265103 3013 99668 SH SOLE 99668 0 0 ENTRAVISION COMMUNICATIONS C COM 29382R107 27 10700 SH SOLE 10700 0 0 EATON VANCE LTD DUR INCOME F COM 27828H105 481 30000 SH SOLE 30000 0 0 EDWARDS LIFESCIENCES CORP COM 28176E108 4809 59487 SH SOLE 59487 0 0 ISHARES INC MSCI AUSTRALIA COM 464286103 763 30000 SH SOLE 30000 0 0 EAST WEST BANCORP INC COM 27579R104 1588 81234 SH SOLE 81234 0 0 ISHARES INC MSCI HONG KONG COM 464286871 12614 666727 SH SOLE 666727 0 0 ISHARES INC MSCI HONG KONG OPTION 464286871 180 18000 SH PUT SOLE 18000 0 0 ISHARES INC MSCI JAPAN COM 464286848 435 39861 SH SOLE 39861 0 0 ISHARES INC MSCI JAPAN OPTION 464286848 847 20500 SH CALL SOLE 20500 0 0 ISHARES INC MSCI MALAYSIA COM 464286830 1563 108700 SH SOLE 108700 0 0 ISHARES INC MSCI SINGAPORE COM 464286673 1001 72300 SH SOLE 72300 0 0 ISHARES INC MSCI TAIWAN COM 464286731 2148 137506 SH SOLE 137506 0 0 ISHARES INC MSCI UTD KINGD COM 464286699 413 23778 SH SOLE 23778 0 0 ISHARES INC MSCI MEX INVEST COM 464286822 65968 1065379 SH SOLE 1065379 0 0 ISHARES INC MSCI MEX INVEST OPTION 464286822 458 1070 SH CALL SOLE 1070 0 0 ISHARES INC MSCI MEX INVEST OPTION 464286822 1128 8761 SH PUT SOLE 8761 0 0 ISHARES INC MSCI S KOREA COM 464286772 711 11615 SH SOLE 11615 0 0 ISHARES INC MSCI BRAZIL COM 464286400 71905 929002 SH SOLE 929002 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 3032 56684 SH CALL SOLE 56684 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 9010 52331 SH PUT SOLE 52331 0 0 EXACT SCIENCES CORP COM 30063P105 63 10504 SH SOLE 10504 0 0 CORPORATE EXECUTIVE BRD CO COM 21988R102 496 13203 SH SOLE 13203 0 0 EXELON CORP COM 30161N101 21251 510354 SH SOLE 510354 0 0 EXELIXIS INC COM 30161Q104 193 23458 SH SOLE 23458 0 0 EATON VANCE TAX MNG GBL DV E COM 27829F108 1002 95143 SH SOLE 95143 0 0 EXTERRAN HLDGS INC COM 30225X103 385 16090 SH SOLE 16090 0 0 EXPEDITORS INTL WASH INC COM 302130109 13262 242899 SH SOLE 242899 0 0 EXPEDIA INC DEL COM 30212P105 8847 352609 SH SOLE 352609 0 0 EXTRA SPACE STORAGE INC COM 30225T102 607 34882 SH SOLE 34882 0 0 EXTREME NETWORKS INC COM 30226D106 61 19590 SH SOLE 19590 0 0 ENERGY XXI (BERMUDA) LTD USD U COM G10082140 483 17459 SH SOLE 17459 0 0 ISHARES INC MSCI STH AFRCA COM 464286780 3507 46954 SH SOLE 46954 0 0 EZCORP INC COM 302301106 272 10009 SH SOLE 10009 0 0 FORD MTR CO DEL PAR $0.01 COM 345370860 90206 5372593 SH SOLE 5372593 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 6544 162379 SH PUT SOLE 162379 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 13453 30067 SH CALL SOLE 30067 0 0 FORD MTR CO CAP TR II PFD TR C COM 345395206 10093 194419 SH SOLE 194419 0 0 FORD MTR CO DEL *W EXP 01/01/2 COM 345370134 5717 701500 SH SOLE 701500 0 0 FIRST AMERN FINL CORP COM 31847R102 591 39537 SH SOLE 39537 0 0 DIREXION SHS ETF TR DLY FIN BU COM 25459W516 53020 1904176 SH SOLE 1904176 0 0 FASTENAL CO COM 311900104 3824 63821 SH SOLE 63821 0 0 FLAGSTAR BANCORP INC COM 337930507 20 12087 SH SOLE 12087 0 0 FBR CAPITAL MARKETS CORP COM 30247C301 40 10446 SH SOLE 10446 0 0 FURNITURE BRANDS INTL INC COM 360921100 52 10189 SH SOLE 10189 0 0 FIRST BANCORP P R COM 318672102 28 60310 SH SOLE 60310 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page18 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FIBRIA CELULOSE S A SP COM 31573A109 410 25654 SH SOLE 25654 0 0 FOREST CITY ENTERPRISES INC COM 345550107 839 50268 SH SOLE 50268 0 0 FUELCELL ENERGY INC COM 35952H106 59 25689 SH SOLE 25689 0 0 FIRST COMWLTH FINL CORP PA COM 319829107 163 23068 SH SOLE 23068 0 0 FIRST CASH FINL SVCS INC COM 31942D107 201 6500 SH SOLE 6500 0 0 FELCOR LODGING TR INC COM 31430F101 3718 528152 SH SOLE 528152 0 0 FTI CONSULTING INC COM 302941109 610 16353 SH SOLE 16353 0 0 FIRST CTZNS BANCSHARES INC N COM 31946M103 399 2113 SH SOLE 2113 0 0 FAIRCHILD SEMICONDUCTOR INTL COM 303726103 555 35556 SH SOLE 35556 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 64150 534185 SH SOLE 534185 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 2167 13582 SH PUT SOLE 13582 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 8575 1739 SH CALL SOLE 1739 0 0 FIRST TR EXCHANGE TRADED FD DJ COM 33733E302 6864 200000 SH SOLE 200000 0 0 FAMILY DLR STORES INC COM 307000109 4879 98156 SH SOLE 98156 0 0 FRESH DEL MONTE PRODUCE INC COM G36738105 215 8630 SH SOLE 8630 0 0 FACTSET RESH SYS INC COM 303075105 2314 24680 SH SOLE 24680 0 0 FEDEX CORP COM 31428X106 26106 280676 SH SOLE 280676 0 0 FEDEX CORP OPTION 31428X106 536 5634 SH PUT SOLE 5634 0 0 FEDEX CORP OPTION 31428X106 285 2428 SH CALL SOLE 2428 0 0 FIRSTENERGY CORP COM 337932107 4221 114008 SH SOLE 114008 0 0 FEI CO COM 30241L109 217 8235 SH SOLE 8235 0 0 FIRST FINL BANCORP OH COM 320209109 227 12300 SH SOLE 12300 0 0 FIRST FINL BANKSHARES COM 32020R109 233 4556 SH SOLE 4556 0 0 F5 NETWORKS INC COM 315616102 7256 55743 SH SOLE 55743 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 7246 413109 SH SOLE 413109 0 0 SUNAMERICA FOCUSE ALPHA LC F COM 867038101 3024 192142 SH SOLE 192142 0 0 FIRST HORIZON NATL CORP COM 320517105 2456 208480 SH SOLE 208480 0 0 FAIR ISAAC CORP COM 303250104 362 15478 SH SOLE 15478 0 0 FEDERATED INVS INC PA CL B COM 314211103 2014 76945 SH SOLE 76945 0 0 FINISH LINE INC COM 317923100 240 13949 SH SOLE 13949 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 5660 206645 SH SOLE 206645 0 0 FISERV INC COM 337738108 12717 217156 SH SOLE 217156 0 0 FIFTH THIRD BANCORP COM 316773100 12316 838991 SH SOLE 838991 0 0 FIFTH THIRD BANCORP OPTION 316773100 261 1183 SH CALL SOLE 1183 0 0 FOOT LOCKER INC COM 344849104 6486 330600 SH SOLE 330600 0 0 FOOT LOCKER INC OPTION 344849104 269 585 SH CALL SOLE 585 0 0 FLEXTRONICS INTL LTD COM Y2573F102 2801 356800 SH SOLE 356800 0 0 FLIR SYS INC COM 302445101 4891 164397 SH SOLE 164397 0 0 FLOWERS FOODS INC COM 343498101 571 21211 SH SOLE 21211 0 0 FLOW INTL CORP COM 343468104 42 10261 SH SOLE 10261 0 0 FLUOR CORP NEW COM 343412102 5795 87459 SH SOLE 87459 0 0 FLOWSERVE CORP COM 34354P105 4162 34909 SH SOLE 34909 0 0 FIRST MIDWEST BANCORP DEL COM 320867104 182 15758 SH SOLE 15758 0 0 F M C CORP COM 302491303 5593 70006 SH SOLE 70006 0 0 FOCUS MEDIA HLDG LTD COM 34415V109 1168 53265 SH SOLE 53265 0 0 FIRST MARBLEHEAD CORP COM 320771108 28 12790 SH SOLE 12790 0 0 FIRSTMERIT CORP COM 337915102 932 47103 SH SOLE 47103 0 0 FRESENIUS MED CARE AG&CO KGA COM 358029106 1975 34238 SH SOLE 34238 0 0 FOMENTO ECONOMICO MEXICANO S S COM 344419106 2591 46341 SH SOLE 46341 0 0 FNB CORP PA COM 302520101 338 34392 SH SOLE 34392 0 0 FIDELITY NATIONAL FINANCIAL COM 31620R105 2391 174812 SH SOLE 174812 0 0 FIRST NIAGARA FINL GP INC COM 33582V108 1884 134786 SH SOLE 134786 0 0 FINISAR CORP COM 31787A507 499 16802 SH SOLE 16802 0 0 FORTUNE BRANDS INC COM 349631101 6819 113186 SH SOLE 113186 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page19 of 49 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FORTUNE BRANDS INC OPTION 349631101 217 1550 SH CALL SOLE 1550 0 0 FERRO CORP COM 315405100 273 18654 SH SOLE 18654 0 0 FORMFACTOR INC COM 346375108 97 10970 SH SOLE 10970 0 0 FOSSIL INC COM 349882100 1412 20038 SH SOLE 20038 0 0 FIRST POTOMAC RLTY TR COM 33610F109 346 20597 SH SOLE 20597 0 0 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 212 24214 SH SOLE 24214 0 0 FORCE PROTECTION INC COM 345203202 84 15297 SH SOLE 15297 0 0 FEDERAL REALTY INVT TR SH BEN COM 313747206 4699 60304 SH SOLE 60304 0 0 FOREST LABS INC COM 345838106 9013 281844 SH SOLE 281844 0 0 FIFTH STREET FINANCE CORP COM 31678A103 143 11744 SH SOLE 11744 0 0 FIRST SOLAR INC COM 336433107 14339 110181 SH SOLE 110181 0 0 FRANKLIN STREET PPTYS CORP COM 35471R106 413 28983 SH SOLE 28983 0 0 FLAGSTONE REINSURANCE HOLDIN COM L3466T104 145 11514 SH SOLE 11514 0 0 FEDERAL SIGNAL CORP COM 313855108 91 13329 SH SOLE 13329 0 0 FOREST OIL CORP PAR $0.01 COM 346091705 6051 159374 SH SOLE 159374 0 0 FUEL SYS SOLUTIONS INC COM 35952W103 291 9910 SH SOLE 9910 0 0 FRANCE TELECOM COM 35177Q105 2560 121420 SH SOLE 121420 0 0 FMC TECHNOLOGIES INC COM 30249U101 6597 74204 SH SOLE 74204 0 0 FORTINET INC COM 34959E109 288 8892 SH SOLE 8892 0 0 FRONTIER OIL CORP COM 35914P105 509 28274 SH SOLE 28274 0 0 FRONTIER COMMUNICATIONS CORP COM 35906A108 4584 471132 SH SOLE 471132 0 0 FRONTIER COMMUNICATIONS CORP OPTION 35906A108 154 24610 SH PUT SOLE 24610 0 0 FRONTIER COMMUNICATIONS CORP OPTION 35906A108 2093 8221 SH CALL SOLE 8221 0 0 FIBERTOWER CORP COM 31567R209 48 10780 SH SOLE 10780 0 0 FULLER H B CO COM 359694106 219 10658 SH SOLE 10658 0 0 FULTON FINL CORP PA COM 360271100 1124 108710 SH SOLE 108710 0 0 FOSTER WHEELER AG COM H27178104 1070 30993 SH SOLE 30993 0 0 FX ENERGY INC COM 302695101 191 30994 SH SOLE 30994 0 0 ISHARES TR FTSE XNHUA IDX COM 464287184 64391 1494327 SH SOLE 1494327 0 0 ISHARES TR FTSE XNHUA IDX OPTION 464287184 924 5100 SH CALL SOLE 5100 0 0 ISHARES TR FTSE XNHUA IDX OPTION 464287184 764 39700 SH PUT SOLE 39700 0 0 GIANT INTERACTIVE GROUP INC COM 374511103 705 99028 SH SOLE 99028 0 0 GABELLI EQUITY TR INC COM 362397101 602 106122 SH SOLE 106122 0 0 SHANDA GAMES LTD SP COM 81941U105 576 89532 SH SOLE 89532 0 0 NICOR INC COM 654086107 2491 49898 SH SOLE 49898 0 0 GLACIER BANCORP INC NEW COM 37637Q105 233 15450 SH SOLE 15450 0 0 GLOBAL CASH ACCESS HLDGS INC COM 378967103 36 11197 SH SOLE 11197 0 0 GANNETT INC COM 364730101 25633 1698644 SH SOLE 1698644 0 0 GENERAL DYNAMICS CORP COM 369550108 10381 146287 SH SOLE 146287 0 0 GENERAL DYNAMICS CORP OPTION 369550108 215 500 SH CALL SOLE 500 0 0 GARDNER DENVER INC COM 365558105 898 13050 SH SOLE 13050 0 0 GOODRICH PETE CORP COM 382410405 742 42058 SH SOLE 42058 0 0 GABELLI DIVD & INCOME TR COM 36242H104 276 18000 SH SOLE 18000 0 0 MARKET VECTORS ETF TR GOLD MIN COM 57060U100 10021 163023 SH SOLE 163023 0 0 MARKET VECTORS ETF TR GOLD MIN OPTION 57060U100 5019 6961 SH CALL SOLE 6961 0 0 MARKET VECTORS ETF TR GOLD MIN OPTION 57060U100 1125 6253 SH PUT SOLE 6253 0 0 GENERAL ELECTRIC CO COM 369604103 165027 9022817 SH SOLE 9022817 0 0 GENERAL ELECTRIC CO OPTION 369604103 2558 9300 SH CALL SOLE 9300 0 0 GENERAL ELECTRIC CO OPTION 369604103 9054 56447 SH CALL SOLE 56447 0 0 GENERAL ELECTRIC CO OPTION 369604103 16611 245808 SH PUT SOLE 245808 0 0 GREIF INC COM 397624107 519 8377 SH SOLE 8377 0 0 GENON ENERGY INC COM 37244E107 99225 26043337 SH SOLE 26043337 0 0 GENZYME CORP COM 372917104 34483 484309 SH SOLE 484309 0 0 GEO GROUP INC COM 36159R103 326 13232 SH SOLE 13232 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page20 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- GEOEYE INC COM 37250W108 203 4779 SH SOLE 4779 0 0 GERON CORP COM 374163103 140 26898 SH SOLE 26898 0 0 GUESS INC COM 401617105 686 14497 SH SOLE 14497 0 0 GAYLORD ENTMT CO NEW COM 367905106 271 7540 SH SOLE 7540 0 0 GAFISA S A SPONS COM 362607301 2960 203702 SH SOLE 203702 0 0 GOLD FIELDS LTD NEW COM 38059T106 6152 339312 SH SOLE 339312 0 0 GFI GROUP INC COM 361652209 66 14100 SH SOLE 14100 0 0 GOLDCORP INC NEW COM 380956409 12635 274798 SH SOLE 274798 0 0 GOLDCORP INC NEW OPTION 380956409 1080 2610 SH CALL SOLE 2610 0 0 GOLDCORP INC NEW OPTION 380956409 495 7962 SH PUT SOLE 7962 0 0 GERDAU S A COM 373737105 35632 2546956 SH SOLE 2546956 0 0 GERDAU S A OPTION 373737105 268 7069 SH PUT SOLE 7069 0 0 GEORGIA GULF CORP COM PAR$0.01 COM 373200302 655 27241 SH SOLE 27241 0 0 GRACO INC COM 384109104 558 14134 SH SOLE 14134 0 0 GENERAL GROWTH PPTYS INC NEW COM 370023103 4919 317759 SH SOLE 317759 0 0 GREENHILL & CO INC COM 395259104 1294 15837 SH SOLE 15837 0 0 GROUPE CGI INC COM 39945C109 2386 138211 SH SOLE 138211 0 0 GILDAN ACTIVEWEAR INC COM 375916103 741 26007 SH SOLE 26007 0 0 GILEAD SCIENCES INC COM 375558103 41214 1137252 SH SOLE 1137252 0 0 GILEAD SCIENCES INC OPTION 375558103 1889 4800 SH PUT SOLE 4800 0 0 GILEAD SCIENCES INC BOND CV 375558AH6 385875 3500000 PRN SOLE 3500000 0 0 GENERAL MLS INC COM 370334104 18119 509100 SH SOLE 509100 0 0 GLOBAL INDS LTD COM 379336100 152 21930 SH SOLE 21930 0 0 GLOBAL INDS LTD DBCV 2.750% 8/0BOND CV 379336AE0 28125 375000 PRN SOLE 375000 0 0 GLEACHER & CO INC COM 377341102 37 15573 SH SOLE 15573 0 0 SPDR GOLD TRUST GOLD SHS COM 78463V107 166781 1202287 SH SOLE 1202287 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 16411 11566 SH CALL SOLE 11566 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 3117 32458 SH PUT SOLE 32458 0 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 91 12315 SH SOLE 12315 0 0 CORNING INC COM 219350105 17338 897437 SH SOLE 897437 0 0 CORNING INC OPTION 219350105 281 1650 SH PUT SOLE 1650 0 0 CORNING INC OPTION 219350105 532 1500 SH CALL SOLE 1500 0 0 GENERAL MTRS CO COM 37045V100 5032 136520 SH SOLE 136520 0 0 GENERAL MTRS CO JR PFD CNV SRB COM 37045V209 15152 280019 SH SOLE 280019 0 0 GREEN MTN COFFEE ROASTERS IN COM 393122106 1345 40923 SH SOLE 40923 0 0 GREEN MTN COFFEE ROASTERS IN OPTION 393122106 253 528 SH CALL SOLE 528 0 0 GAMESTOP CORP NEW COM 36467W109 2144 93694 SH SOLE 93694 0 0 GENERAL MOLY INC COM 370373102 89 13745 SH SOLE 13745 0 0 GENERAL MARITIME CORP NEW SHS COM Y2693R101 52 16063 SH SOLE 16063 0 0 GATX CORP COM 361448103 395 11194 SH SOLE 11194 0 0 GMX RES INC COM 38011M108 157 28387 SH SOLE 28387 0 0 GENTEX CORP COM 371901109 1023 34621 SH SOLE 34621 0 0 GENWORTH FINL INC COM COM 37247D106 9101 692618 SH SOLE 692618 0 0 GOL LINHAS AEREAS INTLG S A SP COM 38045R107 3905 253931 SH SOLE 253931 0 0 RANDGOLD RES LTD OPTION 752344309 385 500 SH CALL SOLE 500 0 0 GOOGLE INC COM 38259P508 265248 446568 SH SOLE 446568 0 0 GOOGLE INC OPTION 38259P508 5463 8026 SH PUT SOLE 8026 0 0 GOOGLE INC OPTION 38259P508 8200 1878 SH CALL SOLE 1878 0 0 GOVERNMENT PPTYS INCOME TR COM COM 38376A103 312 11636 SH SOLE 11636 0 0 GENUINE PARTS CO COM 372460105 3854 75065 SH SOLE 75065 0 0 GROUP 1 AUTOMOTIVE INC COM 398905109 222 5325 SH SOLE 5325 0 0 GRAPHIC PACKAGING HLDG CO COM 388689101 94 24289 SH SOLE 24289 0 0 GLOBAL PMTS INC COM 37940X102 2499 54077 SH SOLE 54077 0 0 GREEN PLAINS RENEWABLE ENERG COM 393222104 268 23829 SH SOLE 23829 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page21 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- GEN-PROBE INC NEW COM 36866T103 685 11739 SH SOLE 11739 0 0 GAP INC DEL COM 364760108 4708 212634 SH SOLE 212634 0 0 GOODRICH CORP COM 382388106 4171 47357 SH SOLE 47357 0 0 GRACE W R & CO DEL NEW COM 38388F108 1057 30100 SH SOLE 30100 0 0 GARMIN LTD SHS COM H2906T109 3703 119490 SH SOLE 119490 0 0 GLIMCHER RLTY TR SH BEN INT COM 379302102 287 34215 SH SOLE 34215 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 142171 845449 SH SOLE 845449 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 2306 1944 SH CALL SOLE 1944 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 14695 20729 SH PUT SOLE 20729 0 0 GLOBALSTAR INC COM 378973408 23 15537 SH SOLE 15537 0 0 GUANGSHEN RY LTD COM 40065W107 579 29637 SH SOLE 29637 0 0 GSI COMMERCE INC COM 36238G102 872 37557 SH SOLE 37557 0 0 GLAXOSMITHKLINE PLC COM 37733W105 4309 109880 SH SOLE 109880 0 0 GLOBE SPECIALTY METALS INC COM 37954N206 407 23825 SH SOLE 23825 0 0 GOLDEN STAR RES LTD CDA COM 38119T104 256 55768 SH SOLE 55768 0 0 GASTAR EXPL LTD COM 367299203 182 42285 SH SOLE 42285 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 1727 145759 SH SOLE 145759 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 203 1893 SH CALL SOLE 1893 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 480 1000 SH PUT SOLE 1000 0 0 GRAN TIERRA ENERGY INC COM 38500T101 338 41944 SH SOLE 41944 0 0 GRAFTECH INTL LTD COM 384313102 541 27252 SH SOLE 27252 0 0 CHART INDS INC PAR $0.01 COM 16115Q308 211 6244 SH SOLE 6244 0 0 GRAY TELEVISION INC COM 389375106 20 10754 SH SOLE 10754 0 0 CENTRAL GOLDTRUST TR UNIT COM 153546106 1757 32333 SH SOLE 32333 0 0 GETTY RLTY CORP NEW COM 374297109 277 8871 SH SOLE 8871 0 0 GRANITE CONSTR INC COM 387328107 359 13077 SH SOLE 13077 0 0 GENESEE & WYO INC COM 371559105 447 8436 SH SOLE 8436 0 0 GRAINGER W W INC COM 384802104 3027 21916 SH SOLE 21916 0 0 GREAT PLAINS ENERGY INC COM 391164100 635 32760 SH SOLE 32760 0 0 GENCORP INC COM 368682100 62 12042 SH SOLE 12042 0 0 HAWAIIAN HOLDINGS INC COM 419879101 85 10860 SH SOLE 10860 0 0 HAEMONETICS CORP COM 405024100 345 5460 SH SOLE 5460 0 0 HANMI FINL CORP COM 410495105 26 22546 SH SOLE 22546 0 0 HAIN CELESTIAL GROUP INC COM 405217100 239 8831 SH SOLE 8831 0 0 HALLIBURTON CO COM 406216101 61881 1515575 SH SOLE 1515575 0 0 HALLIBURTON CO OPTION 406216101 2085 14649 SH PUT SOLE 14649 0 0 HALLIBURTON CO OPTION 406216101 1005 3200 SH CALL SOLE 3200 0 0 HALOZYME THERAPEUTICS INC COM 40637H109 137 17237 SH SOLE 17237 0 0 HANSEN NAT CORP COM 411310105 2675 51175 SH SOLE 51175 0 0 CLAYMORE EXCHANGE TRD FD TR GU COM 18383Q853 395 13150 SH SOLE 13150 0 0 HARMAN INTL INDS INC COM 413086109 1771 38259 SH SOLE 38259 0 0 HASBRO INC COM 418056107 6646 140865 SH SOLE 140865 0 0 HUNTINGTON BANCSHARES INC COM 446150104 5506 801391 SH SOLE 801391 0 0 HSBC HLDGS PLC SPON COM 404280406 3570 69937 SH SOLE 69937 0 0 HANCOCK HLDG CO COM 410120109 489 14029 SH SOLE 14029 0 0 HANESBRANDS INC COM 410345102 610 24010 SH SOLE 24010 0 0 HUDSON CITY BANCORP COM 443683107 6220 488207 SH SOLE 488207 0 0 HCC INS HLDGS INC COM 404132102 1825 63059 SH SOLE 63059 0 0 HEALTH CARE REIT INC COM 42217K106 7077 148558 SH SOLE 148558 0 0 HEALTH CARE REIT INC BOND CV 42217KAP1 55438 500000 PRN SOLE 500000 0 0 HEALTH CARE REIT INC BOND CV 42217KAQ9 140604 1271000 PRN SOLE 1271000 0 0 HCP INC COM 40414L109 11114 302100 SH SOLE 302100 0 0 HEALTHCARE SVCS GRP INC COM 421906108 231 14222 SH SOLE 14222 0 0 HOME DEPOT INC COM 437076102 33506 955685 SH SOLE 955685 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page22 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HOME DEPOT INC OPTION 437076102 1575 6582 SH CALL SOLE 6582 0 0 HOME DEPOT INC OPTION 437076102 1491 33666 SH PUT SOLE 33666 0 0 HDFC BANK LTD COM 40415F101 18356 109843 SH SOLE 109843 0 0 HAWAIIAN ELEC INDUSTRIES COM 419870100 513 22500 SH SOLE 22500 0 0 HEICO CORP NEW COM 422806109 327 6406 SH SOLE 6406 0 0 HECKMANN CORP COM 422680108 96 19014 SH SOLE 19014 0 0 HERCULES OFFSHORE INC COM 427093109 87 24958 SH SOLE 24958 0 0 HESS CORP COM 42809H107 24007 313654 SH SOLE 313654 0 0 HESS CORP OPTION 42809H107 1402 684 SH CALL SOLE 684 0 0 ENER1 INC COM 29267A203 50 13304 SH SOLE 13304 0 0 HUMAN GENOME SCIENCES INC COM 444903108 4605 192772 SH SOLE 192772 0 0 HOWARD HUGHES CORP COM 44267D107 528 9706 SH SOLE 9706 0 0 HARTE-HANKS INC COM 416196103 344 26972 SH SOLE 26972 0 0 HIBBETT SPORTS INC COM 428567101 227 6148 SH SOLE 6148 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 18593 701904 SH SOLE 701904 0 0 HARTFORD FINL SVCS GROUP INC D COM 416515708 3458 135032 SH SOLE 135032 0 0 HIGHWOODS PPTYS INC COM 431284108 1691 53094 SH SOLE 53094 0 0 PETROHAWK ENERGY CORP COM 716495106 6788 371945 SH SOLE 371945 0 0 HECLA MNG CO COM 422704106 728 64638 SH SOLE 64638 0 0 HECLA MNG CO OPTION 422704106 3076 3714 SH CALL SOLE 3714 0 0 HERBALIFE LTD COM USD SHS COM G4412G101 1047 15312 SH SOLE 15312 0 0 HARMONIC INC COM 413160102 212 24788 SH SOLE 24788 0 0 HEALTHSOUTH CORP COM 421924309 21795 1052391 SH SOLE 1052391 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 522 43006 SH SOLE 43006 0 0 HEALTH MGMT ASSOC INC NEW COM 421933102 1390 145723 SH SOLE 145723 0 0 HOME PROPERTIES INC COM 437306103 856 15432 SH SOLE 15432 0 0 HOME INNS & HOTELS MGMT INC SP COM 43713W107 1731 42254 SH SOLE 42254 0 0 HMS HLDGS CORP COM 40425J101 393 6070 SH SOLE 6070 0 0 HNI CORP COM 404251100 535 17145 SH SOLE 17145 0 0 HUANENG PWR INTL INC SPON COM 443304100 1045 48870 SH SOLE 48870 0 0 HEALTH NET INC COM 42222G108 599 21947 SH SOLE 21947 0 0 HEINZ H J CO COM 423074103 23659 478356 SH SOLE 478356 0 0 HEINZ H J CO OPTION 423074103 456 2310 SH CALL SOLE 2310 0 0 HOLLY CORP PAR $0.01 COM 435758305 242 5925 SH SOLE 5925 0 0 HARLEY DAVIDSON INC COM 412822108 3807 109805 SH SOLE 109805 0 0 HOLOGIC INC COM 436440101 2364 125635 SH SOLE 125635 0 0 HONEYWELL INTL INC COM 438516106 29547 555814 SH SOLE 555814 0 0 HORNBECK OFFSHORE SVCS INC N BOND CV 440543AE6 63679 695000 PRN SOLE 695000 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 8160 134255 SH SOLE 134255 0 0 HOVNANIAN ENTERPRISES INC COM 442487203 47 11578 SH SOLE 11578 0 0 HELMERICH & PAYNE INC COM 423452101 5939 122501 SH SOLE 122501 0 0 HEWLETT PACKARD CO COM 428236103 125712 2986044 SH SOLE 2986044 0 0 HEWLETT PACKARD CO OPTION 428236103 1962 5639 SH CALL SOLE 5639 0 0 HEWLETT PACKARD CO OPTION 428236103 9009 39792 SH PUT SOLE 39792 0 0 HOSPITALITY PPTYS TR COM SH BE COM 44106M102 3815 165580 SH SOLE 165580 0 0 HEALTHCARE RLTY TR COM 421946104 548 25895 SH SOLE 25895 0 0 BLOCK H & R INC COM 093671105 3661 307350 SH SOLE 307350 0 0 BLOCK H & R INC OPTION 093671105 312 1057 SH PUT SOLE 1057 0 0 HILL ROM HLDGS INC COM 431475102 621 15778 SH SOLE 15778 0 0 HORMEL FOODS CORP COM 440452100 2803 54673 SH SOLE 54673 0 0 HARRIS CORP DEL COM 413875105 6599 145673 SH SOLE 145673 0 0 HEALTHSPRING INC COM 42224N101 830 31276 SH SOLE 31276 0 0 HARSCO CORP COM 415864107 1344 47448 SH SOLE 47448 0 0 SCHEIN HENRY INC COM 806407102 2581 42043 SH SOLE 42043 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page23 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HSN INC COM 404303109 494 16106 SH SOLE 16106 0 0 HOSPIRA INC COM 441060100 10569 189780 SH SOLE 189780 0 0 HOST HOTELS & RESORTS INC COM 44107P104 12234 684637 SH SOLE 684637 0 0 HOST HOTELS & RESORTS INC OPTION 44107P104 1380 2300 SH CALL SOLE 2300 0 0 HERSHEY CO COM 427866108 4248 90085 SH SOLE 90085 0 0 HERSHA HOSPITALITY TR SH BEN I COM 427825104 379 57351 SH SOLE 57351 0 0 HUTCHINSON TECHNOLOGY INC BOND CV 448407AF3 143250 2000000 PRN SOLE 2000000 0 0 HEARTLAND EXPRESS INC COM 422347104 381 23756 SH SOLE 23756 0 0 HATTERAS FINL CORP COM 41902R103 303 10005 SH SOLE 10005 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 225 15530 SH SOLE 15530 0 0 HUBBELL INC CL B COM 443510201 1089 18116 SH SOLE 18116 0 0 HUB GROUP INC COM 443320106 285 8097 SH SOLE 8097 0 0 HUMANA INC COM 444859102 8813 160999 SH SOLE 160999 0 0 HUNTSMAN CORP COM 447011107 785 50315 SH SOLE 50315 0 0 HEADWATERS INC COM 42210P102 103 22422 SH SOLE 22422 0 0 HEXCEL CORP NEW COM 428291108 383 21176 SH SOLE 21176 0 0 HYPERCOM CORP COM 44913M105 418 49974 SH SOLE 49974 0 0 ISHARES TR HIGH YLD CORP COM 464288513 1422 15751 SH SOLE 15751 0 0 IAC INTERACTIVECORP PAR $.001 COM 44919P508 779 27148 SH SOLE 27148 0 0 IAMGOLD CORP COM 450913108 1052 59097 SH SOLE 59097 0 0 ISHARES TR DJ BROKER-DEAL COM 464288794 10157 350000 SH SOLE 350000 0 0 INTEGRA LIFESCIENCES HLDGS C COM 457985208 217 4589 SH SOLE 4589 0 0 ISHARES TR NASDQ BIO INDX COM 464287556 37368 400000 SH SOLE 400000 0 0 IBERIABANK CORP COM 450828108 342 5780 SH SOLE 5780 0 0 INTERACTIVE BROKERS GROUP IN COM 45841N107 205 11503 SH SOLE 11503 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 189365 1290306 SH SOLE 1290306 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 2563 19591 SH PUT SOLE 19591 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 3768 4984 SH CALL SOLE 4984 0 0 ICICI BK LTD COM 45104G104 22683 447918 SH SOLE 447918 0 0 ICICI BK LTD OPTION 45104G104 377 1000 SH PUT SOLE 1000 0 0 ICICI BK LTD OPTION 45104G104 920 1000 SH CALL SOLE 1000 0 0 INTERNATIONAL BANCSHARES COR COM 459044103 403 20096 SH SOLE 20096 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 12120 101718 SH SOLE 101718 0 0 ICON PUB LTD CO COM 45103T107 274 12508 SH SOLE 12508 0 0 INTERNATIONAL COAL GRP INC N COM 45928H106 1626 210067 SH SOLE 210067 0 0 ICO GLOBAL COMM HLDGS LTD DE COM 44930K108 31 20677 SH SOLE 20677 0 0 ICONIX BRAND GROUP INC COM 451055107 304 15724 SH SOLE 15724 0 0 L-1 IDENTITY SOLUTIONS INC COM 50212A106 6570 551645 SH SOLE 551645 0 0 IDACORP INC COM 451107106 685 18522 SH SOLE 18522 0 0 INTERDIGITAL INC COM 45867G101 1102 26468 SH SOLE 26468 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 516 77480 SH SOLE 77480 0 0 IDEXX LABS INC COM 45168D104 923 13337 SH SOLE 13337 0 0 ISHARES TR S&P EURO PLUS COM 464287861 690 17556 SH SOLE 17556 0 0 IDEX CORP COM 45167R104 880 22507 SH SOLE 22507 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 3996 71890 SH SOLE 71890 0 0 INTERFACE INC COM 458665106 171 10933 SH SOLE 10933 0 0 ISHARES TR S&P NA NAT RES COM 464287374 1709 40985 SH SOLE 40985 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 27835 1573503 SH SOLE 1573503 0 0 ISHARES TR S&P NA SOFTWR COM 464287515 13437 230000 SH SOLE 230000 0 0 IHS INC COM 451734107 2316 28808 SH SOLE 28808 0 0 II VI INC COM 902104108 296 6379 SH SOLE 6379 0 0 ISHARES TR S&P SMLCAP 600 COM 464287804 2677 39101 SH SOLE 39101 0 0 ISHARES TR S&P LTN AM 40 COM 464287390 20284 376601 SH SOLE 376601 0 0 ILLUMINA INC COM 452327109 5152 81333 SH SOLE 81333 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page24 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- INGRAM MICRO INC COM 457153104 804 42138 SH SOLE 42138 0 0 IMMUNOGEN INC COM 45253H101 135 14590 SH SOLE 14590 0 0 IMMUNOMEDICS INC COM 452907108 49 13789 SH SOLE 13789 0 0 IMPERIAL OIL LTD COM 453038408 2908 71763 SH SOLE 71763 0 0 INTERMEC INC COM 458786100 133 10538 SH SOLE 10538 0 0 INTERNAP NETWORK SVCS CORP PA COM 45885A300 68 11260 SH SOLE 11260 0 0 INCYTE CORP COM 45337C102 586 35360 SH SOLE 35360 0 0 INFORMATICA CORP COM 45666Q102 1094 24847 SH SOLE 24847 0 0 INFINERA CORPORATION COM 45667G103 195 18890 SH SOLE 18890 0 0 INFOSYS TECHNOLOGIES LTD COM 456788108 45127 593146 SH SOLE 593146 0 0 ING GROEP N V COM 456837103 1189 121420 SH SOLE 121420 0 0 INHIBITEX INC COM 45719T103 28 10832 SH SOLE 10832 0 0 INOVIO PHARMACEUTICALS INC COM 45773H102 20 17574 SH SOLE 17574 0 0 INSITUFORM TECHNOLOGIES INC COM 457667103 226 8543 SH SOLE 8543 0 0 WORLD FUEL SVCS CORP COM 981475106 918 25386 SH SOLE 25386 0 0 INTEL CORP COM 458140100 114335 5436747 SH SOLE 5436747 0 0 INTEL CORP OPTION 458140100 5551 41551 SH CALL SOLE 41551 0 0 INTEL CORP OPTION 458140100 8826 78083 SH PUT SOLE 78083 0 0 INTUIT COM 461202103 9798 198733 SH SOLE 198733 0 0 ION GEOPHYSICAL CORP COM 462044108 579 68291 SH SOLE 68291 0 0 INTL PAPER CO COM 460146103 9585 351886 SH SOLE 351886 0 0 INTL PAPER CO OPTION 460146103 255 1894 SH CALL SOLE 1894 0 0 INTERPUBLIC GROUP COS INC COM 460690100 8647 814261 SH SOLE 814261 0 0 INTREPID POTASH INC COM 46121Y102 4440 119062 SH SOLE 119062 0 0 IMPAX LABORATORIES INC COM 45256B101 899 44685 SH SOLE 44685 0 0 INGERSOLL-RAND PLC SHS COM G47791101 8073 171433 SH SOLE 171433 0 0 INGERSOLL-RAND PLC SHS OPTION G47791101 209 855 SH CALL SOLE 855 0 0 INLAND REAL ESTATE CORP COM 457461200 272 30869 SH SOLE 30869 0 0 INVESTORS REAL ESTATE TR SH BE COM 461730103 280 31173 SH SOLE 31173 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 2000 67378 SH SOLE 67378 0 0 IRON MTN INC COM 462846106 5545 221729 SH SOLE 221729 0 0 INVESTORS BANCORP INC COM 46146P102 137 10429 SH SOLE 10429 0 0 INTERSIL CORP COM 46069S109 691 45222 SH SOLE 45222 0 0 ISIS PHARMACEUTICALS INC COM 464330109 203 20069 SH SOLE 20069 0 0 INSPIRE PHARMACEUTICALS INC COM 457733103 107 12785 SH SOLE 12785 0 0 INTUITIVE SURGICAL INC COM 46120E602 9307 36109 SH SOLE 36109 0 0 GARTNER INC COM 366651107 645 19435 SH SOLE 19435 0 0 ITC HLDGS CORP COM 465685105 257 4145 SH SOLE 4145 0 0 INTERMUNE INC COM 45884X103 351 9638 SH SOLE 9638 0 0 ITRON INC COM 465741106 1782 32141 SH SOLE 32141 0 0 ITT CORP NEW COM 450911102 4143 79509 SH SOLE 79509 0 0 ITAU UNIBANCO HLDG SA SPON COM 465562106 75747 3154790 SH SOLE 3154790 0 0 ITAU UNIBANCO HLDG SA SPON OPTION 465562106 1693 11576 SH PUT SOLE 11576 0 0 ILLINOIS TOOL WKS INC COM 452308109 10079 188745 SH SOLE 188745 0 0 ISHARES TR S&P 500 VALUE COM 464287408 4766 79984 SH SOLE 79984 0 0 IVANHOE MINES LTD COM 46579N103 4462 194671 SH SOLE 194671 0 0 ISHARES TR S&P 500 INDEX COM 464287200 45456 360045 SH SOLE 360045 0 0 INVESCO LTD SHS COM G491BT108 10125 420810 SH SOLE 420810 0 0 ISHARES TR RUSSELL 1000 COM 464287622 10255 146800 SH SOLE 146800 0 0 ISHARES TR RSSL MCRCP IDX COM 464288869 10022 200000 SH SOLE 200000 0 0 ISHARES TR RUSSELL1000VAL COM 464287598 7023 108262 SH SOLE 108262 0 0 ISHARES TR RUSSELL1000GRW COM 464287614 1317 23001 SH SOLE 23001 0 0 ISHARES TR RUSSELL 2000 COM 464287655 632898 8089191 SH SOLE 8089191 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 11760 51850 SH PUT SOLE 51850 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page25 of 49 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ISHARES TR RUSSELL 2000 OPTION 464287655 27341 32625 SH CALL SOLE 32625 0 0 ISHARES TR RUSL 2000 VALU COM 464287630 9509 133754 SH SOLE 133754 0 0 ISHARES TR RUSL 2000 GROW COM 464287648 87420 1000000 SH SOLE 1000000 0 0 ISHARES TR RUSSELL MCP GR COM 464287481 6293 111172 SH SOLE 111172 0 0 ISHARES TR DJ US FINL SEC COM 464287788 1209 21032 SH SOLE 21032 0 0 ISHARES TR DJ US REAL EST COM 464287739 437362 7815620 SH SOLE 7815620 0 0 ISHARES TR DJ US REAL EST OPTION 464287739 6843 10685 SH CALL SOLE 10685 0 0 ISHARES TR DJ US REAL EST OPTION 464287739 1065 7178 SH PUT SOLE 7178 0 0 JACK IN THE BOX INC COM 466367109 270 12769 SH SOLE 12769 0 0 JAGUAR MNG INC COM 47009M103 130 18234 SH SOLE 18234 0 0 JARDEN CORP COM 471109108 1012 32776 SH SOLE 32776 0 0 JO-ANN STORES INC COM 47758P307 2958 49116 SH SOLE 49116 0 0 JA SOLAR HOLDINGS CO LTD SPON COM 466090107 1875 270901 SH SOLE 270901 0 0 HUNT J B TRANS SVCS INC COM 445658107 1846 45240 SH SOLE 45240 0 0 JABIL CIRCUIT INC COM 466313103 2578 128338 SH SOLE 128338 0 0 JETBLUE AIRWAYS CORP COM 477143101 5015 758636 SH SOLE 758636 0 0 J CREW GROUP INC COM 46612H402 5042 116879 SH SOLE 116879 0 0 JOHNSON CTLS INC COM 478366107 22223 581753 SH SOLE 581753 0 0 JOHNSON CTLS INC OPTION 478366107 494 1300 SH PUT SOLE 1300 0 0 J2 GLOBAL COMMUNICATIONS INC COM 46626E205 984 34003 SH SOLE 34003 0 0 PENNEY J C INC COM 708160106 7291 225652 SH SOLE 225652 0 0 PENNEY J C INC OPTION 708160106 452 1800 SH CALL SOLE 1800 0 0 JDA SOFTWARE GROUP INC COM 46612K108 265 9468 SH SOLE 9468 0 0 JDS UNIPHASE CORP PAR $0.001 COM 46612J507 2026 139883 SH SOLE 139883 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 3004 65513 SH SOLE 65513 0 0 JEFFERIES GROUP INC NEW COM 472319102 2447 91901 SH SOLE 91901 0 0 NUVEEN FLOATING RATE INCOME COM 67072T108 362 30640 SH SOLE 30640 0 0 HENRY JACK & ASSOC INC COM 426281101 946 32466 SH SOLE 32466 0 0 JONES LANG LASALLE INC COM 48020Q107 2348 27975 SH SOLE 27975 0 0 JAMBA INC COM 47023A101 30 13017 SH SOLE 13017 0 0 JOHNSON & JOHNSON COM 478160104 131187 2121051 SH SOLE 2121051 0 0 JOHNSON & JOHNSON OPTION 478160104 4876 17292 SH CALL SOLE 17292 0 0 JOHNSON & JOHNSON OPTION 478160104 3010 27779 SH PUT SOLE 27779 0 0 SPDR SERIES TRUST BRCLYS YLD E COM 78464A417 2003 50452 SH SOLE 50452 0 0 JUNIPER NETWORKS INC COM 48203R104 17993 487339 SH SOLE 487339 0 0 JUNIPER NETWORKS INC OPTION 48203R104 467 1750 SH PUT SOLE 1750 0 0 JANUS CAP GROUP INC COM 47102X105 2636 203240 SH SOLE 203240 0 0 JONES GROUP INC COM 48020T101 926 59608 SH SOLE 59608 0 0 51JOB INC SP COM 316827104 513 10410 SH SOLE 10410 0 0 ST JOE CO COM 790148100 772 35353 SH SOLE 35353 0 0 JOS A BANK CLOTHIERS INC COM 480838101 701 17379 SH SOLE 17379 0 0 JOY GLOBAL INC COM 481165108 5464 62989 SH SOLE 62989 0 0 JPMORGAN CHASE & CO COM 46625H100 402941 9498844 SH SOLE 9498844 0 0 JPMORGAN CHASE & CO OPTION 46625H100 18638 94644 SH CALL SOLE 94644 0 0 JPMORGAN CHASE & CO OPTION 46625H100 57275 176550 SH PUT SOLE 176550 0 0 WILEY JOHN & SONS INC COM 968223206 502 11091 SH SOLE 11091 0 0 NORDSTROM INC COM 655664100 3028 71453 SH SOLE 71453 0 0 NORDSTROM INC OPTION 655664100 578 1500 SH CALL SOLE 1500 0 0 KELLOGG CO COM 487836108 12596 246600 SH SOLE 246600 0 0 SPDR SERIES TRUST SPDR KBW BK COM 78464A797 1747 67411 SH SOLE 67411 0 0 KB HOME COM 48666K109 15088 1118461 SH SOLE 1118461 0 0 KB HOME OPTION 48666K109 871 2150 SH PUT SOLE 2150 0 0 KBR INC COM 48242W106 3132 102774 SH SOLE 102774 0 0 KBW INC COM 482423100 210 7525 SH SOLE 7525 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page26 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- KNIGHT CAP GROUP INC COM 499005106 8698 630775 SH SOLE 630775 0 0 KINETIC CONCEPTS INC COM 49460W208 2855 68180 SH SOLE 68180 0 0 KAYDON CORP COM 486587108 295 7255 SH SOLE 7255 0 0 KOREA EQUITY FD INC COM 50063B104 396 32406 SH SOLE 32406 0 0 KEY ENERGY SVCS INC COM 492914106 360 27729 SH SOLE 27729 0 0 KOREA ELECTRIC PWR COM 500631106 1682 124471 SH SOLE 124471 0 0 KERYX BIOPHARMACEUTICALS INC COM 492515101 47 10328 SH SOLE 10328 0 0 KIRBY CORP COM 497266106 792 17974 SH SOLE 17974 0 0 KEYCORP NEW COM 493267108 6644 750689 SH SOLE 750689 0 0 KOREA FD COM 500634209 286 6482 SH SOLE 6482 0 0 KRAFT FOODS INC COM 50075N104 42517 1349309 SH SOLE 1349309 0 0 KRAFT FOODS INC OPTION 50075N104 1153 21921 SH PUT SOLE 21921 0 0 KRAFT FOODS INC OPTION 50075N104 1787 7810 SH CALL SOLE 7810 0 0 KORN FERRY INTL COM 500643200 401 17373 SH SOLE 17373 0 0 KING PHARMACEUTICALS INC COM 495582108 3279 233349 SH SOLE 233349 0 0 KINROSS GOLD CORP COM NO PAR COM 496902404 5099 268945 SH SOLE 268945 0 0 KINROSS GOLD CORP COM NO PAR OPTION 496902404 291 11924 SH PUT SOLE 11924 0 0 SPDR SERIES TRUST SPDR KBW INS COM 78464A789 1076 25000 SH SOLE 25000 0 0 KIMCO RLTY CORP COM 49446R109 10523 583315 SH SOLE 583315 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 115 16466 SH SOLE 16466 0 0 KLA-TENCOR CORP COM 482480100 6016 155690 SH SOLE 155690 0 0 KULICKE & SOFFA INDS INC COM 501242101 316 43860 SH SOLE 43860 0 0 KIMBERLY CLARK CORP COM 494368103 26463 419774 SH SOLE 419774 0 0 KIMBERLY CLARK CORP OPTION 494368103 292 5027 SH PUT SOLE 5027 0 0 KINDER MORGAN ENERGY PARTNER U COM 494550106 1295 18427 SH SOLE 18427 0 0 KINDER MORGAN MANAGEMENT LLC S COM 49455U100 1312 19615 SH SOLE 19615 0 0 KENNAMETAL INC COM 489170100 793 20096 SH SOLE 20096 0 0 CARMAX INC COM 143130102 6014 188632 SH SOLE 188632 0 0 KINDRED HEALTHCARE INC COM 494580103 420 22855 SH SOLE 22855 0 0 KNOLL INC COM 498904200 171 10218 SH SOLE 10218 0 0 KNIGHT TRANSN INC COM 499064103 244 12860 SH SOLE 12860 0 0 COCA COLA CO COM 191216100 99068 1506272 SH SOLE 1506272 0 0 COCA COLA CO OPTION 191216100 6294 10209 SH CALL SOLE 10209 0 0 COCA COLA CO OPTION 191216100 2994 24026 SH PUT SOLE 24026 0 0 KODIAK OIL & GAS CORP COM 50015Q100 255 38616 SH SOLE 38616 0 0 KOPIN CORP COM 500600101 61 14588 SH SOLE 14588 0 0 KROGER CO COM 501044101 5479 245058 SH SOLE 245058 0 0 KILROY RLTY CORP COM 49427F108 797 21861 SH SOLE 21861 0 0 SPDR SERIES TRUST KBW REGN BK COM 78464A698 9919 375000 SH SOLE 375000 0 0 KITE RLTY GROUP TR COM 49803T102 129 23828 SH SOLE 23828 0 0 KAPSTONE PAPER & PACKAGING C COM 48562P103 585 38221 SH SOLE 38221 0 0 KOHLS CORP COM 500255104 10591 194907 SH SOLE 194907 0 0 KANSAS CITY SOUTHERN COM 485170302 2080 43456 SH SOLE 43456 0 0 KT CORP COM 48268K101 3347 160932 SH SOLE 160932 0 0 QUICKSILVER RESOURCES INC COM 74837R104 465 31533 SH SOLE 31533 0 0 KAYNE ANDERSON ENRGY TTL RT COM 48660P104 261 8961 SH SOLE 8961 0 0 LOEWS CORP COM 540424108 12112 311284 SH SOLE 311284 0 0 LAMAR ADVERTISING CO COM 512815101 791 19845 SH SOLE 19845 0 0 LANCASTER COLONY CORP COM 513847103 423 7389 SH SOLE 7389 0 0 MAGMA DESIGN AUTOMATION COM 559181102 69 13764 SH SOLE 13764 0 0 LAZARD LTD SHS A COM G54050102 1534 38837 SH SOLE 38837 0 0 LIBERTY GLOBAL INC COM SER A COM 530555101 2414 68229 SH SOLE 68229 0 0 LIBERTY GLOBAL INC COM SER C COM 530555309 900 26560 SH SOLE 26560 0 0 LIBERTY MEDIA CORP NEW CAP COM COM 53071M302 349 5583 SH SOLE 5583 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page27 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- U S AIRWAYS GROUP INC COM 90341W108 1214 121315 SH SOLE 121315 0 0 LDK SOLAR CO LTD COM 50183L107 2752 271954 SH SOLE 271954 0 0 LDK SOLAR CO LTD OPTION 50183L107 380 2129 SH PUT SOLE 2129 0 0 LEAR CORP COM 521865204 727 7370 SH SOLE 7370 0 0 LINCOLN ELEC HLDGS INC COM 533900106 703 10774 SH SOLE 10774 0 0 LEGGETT & PLATT INC COM 524660107 1776 78031 SH SOLE 78031 0 0 LENNAR CORP COM 526057104 1831 97657 SH SOLE 97657 0 0 LENNAR CORP OPTION 526057104 537 5291 SH CALL SOLE 5291 0 0 CHINA LIFE INS CO LTD SPON COM 16939P106 6707 109649 SH SOLE 109649 0 0 LAN AIRLINES S A COM 501723100 3669 119200 SH SOLE 119200 0 0 LONGTOP FINL TECHNOLOGIES LT COM 54318P108 912 25221 SH SOLE 25221 0 0 LITTELFUSE INC COM 537008104 412 8764 SH SOLE 8764 0 0 LIONS GATE ENTMNT CORP COM 535919203 96 14686 SH SOLE 14686 0 0 LABORATORY CORP AMER HLDGS COM 50540R409 4149 47196 SH SOLE 47196 0 0 LHC GROUP INC COM 50187A107 442 14739 SH SOLE 14739 0 0 LASALLE HOTEL PPTYS COM SH BEN COM 517942108 756 28645 SH SOLE 28645 0 0 LIFE TECHNOLOGIES CORP COM 53217V109 5402 97332 SH SOLE 97332 0 0 LENNOX INTL INC COM 526107107 2003 42354 SH SOLE 42354 0 0 LINN ENERGY LLC UNIT LTD LIAB OPTION 536020100 595 2333 SH CALL SOLE 2333 0 0 LIBERTY MEDIA CORP NEW INT COM COM 53071M104 4756 301597 SH SOLE 301597 0 0 LIONBRIDGE TECHNOLOGIES INC COM 536252109 44 12026 SH SOLE 12026 0 0 LIZ CLAIBORNE INC COM 539320101 190 26481 SH SOLE 26481 0 0 LKQ CORP COM 501889208 3118 137252 SH SOLE 137252 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 5983 84873 SH SOLE 84873 0 0 L-3 COMMUNICATIONS HLDGS INC OPTION 502424104 227 1897 SH PUT SOLE 1897 0 0 L-3 COMMUNICATIONS CORP DEBT 3 BOND CV 502413AW7 50125 500000 PRN SOLE 500000 0 0 LIMELIGHT NETWORKS INC COM 53261M104 58 10024 SH SOLE 10024 0 0 LINEAR TECHNOLOGY CORP COM 535678106 4040 116790 SH SOLE 116790 0 0 LINEAR TECHNOLOGY CORP BOND CV 535678AC0 110558 1043000 PRN SOLE 1043000 0 0 LILLY ELI & CO COM 532457108 28536 814386 SH SOLE 814386 0 0 LILLY ELI & CO OPTION 532457108 718 5897 SH PUT SOLE 5897 0 0 LILLY ELI & CO OPTION 532457108 751 4318 SH CALL SOLE 4318 0 0 LEGG MASON INC COM 524901105 5989 165129 SH SOLE 165129 0 0 LOCKHEED MARTIN CORP COM 539830109 31847 455545 SH SOLE 455545 0 0 LOCKHEED MARTIN CORP OPTION 539830109 1260 5598 SH PUT SOLE 5598 0 0 LINCOLN NATL CORP IND COM 534187109 39151 1407794 SH SOLE 1407794 0 0 LINCARE HLDGS INC COM 532791100 869 32378 SH SOLE 32378 0 0 CHENIERE ENERGY INC COM 16411R208 69 12452 SH SOLE 12452 0 0 ALLIANT ENERGY CORP COM 018802108 2263 61540 SH SOLE 61540 0 0 LORILLARD INC COM 544147101 17767 216517 SH SOLE 216517 0 0 LOGITECH INTL S A SHS COM H50430232 513 27656 SH SOLE 27656 0 0 LOWES COS INC COM 548661107 24300 968910 SH SOLE 968910 0 0 LOWES COS INC OPTION 548661107 1208 6500 SH CALL SOLE 6500 0 0 LOWES COS INC OPTION 548661107 653 6486 SH PUT SOLE 6486 0 0 LPL INVT HLDGS INC COM 50213H100 251 6896 SH SOLE 6896 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 474 12885 SH SOLE 12885 0 0 LENDER PROCESSING SVCS INC COM 52602E102 2783 94286 SH SOLE 94286 0 0 LOUISIANA PAC CORP COM 546347105 708 74793 SH SOLE 74793 0 0 LAM RESEARCH CORP COM 512807108 3225 62291 SH SOLE 62291 0 0 LIBERTY PPTY TR SH BEN INT COM 531172104 3578 112095 SH SOLE 112095 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 380 62718 SH SOLE 62718 0 0 CAPLEASE INC COM 140288101 134 22971 SH SOLE 22971 0 0 LSI CORPORATION COM 502161102 2083 347780 SH SOLE 347780 0 0 LANDSTAR SYS INC COM 515098101 479 11711 SH SOLE 11711 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page28 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- LIBERTY MEDIA CORP NEW LIB STA COM 53071M708 275 4134 SH SOLE 4134 0 0 LTC PPTYS INC COM 502175102 283 10086 SH SOLE 10086 0 0 LIMITED BRANDS INC COM 532716107 8003 260441 SH SOLE 260441 0 0 LIFE TIME FITNESS INC COM 53217R207 901 21987 SH SOLE 21987 0 0 LADENBURG THALMAN FIN SVCS I COM 50575Q102 24 20151 SH SOLE 20151 0 0 LTX-CREDENCE CORP COM 502403207 803 108496 SH SOLE 108496 0 0 LUCENT TECHNOLOGIES INC DBCV 2 BOND CV 549463AH0 61344 650000 PRN SOLE 650000 0 0 LUFKIN INDS INC COM 549764108 408 6536 SH SOLE 6536 0 0 LEUCADIA NATL CORP COM 527288104 4472 153267 SH SOLE 153267 0 0 LULULEMON ATHLETICA INC COM 550021109 683 9988 SH SOLE 9988 0 0 SOUTHWEST AIRLS CO COM 844741108 6201 477716 SH SOLE 477716 0 0 LUXOTTICA GROUP S P A COM 55068R202 3470 113323 SH SOLE 113323 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 2271 2317277 SH SOLE 2317277 0 0 LAS VEGAS SANDS CORP COM 517834107 17553 382012 SH SOLE 382012 0 0 LAS VEGAS SANDS CORP OPTION 517834107 367 3373 SH PUT SOLE 3373 0 0 LAS VEGAS SANDS CORP OPTION 517834107 6090 2000 SH CALL SOLE 2000 0 0 LAWSON SOFTWARE INC NEW COM 52078P102 277 29902 SH SOLE 29902 0 0 LEXMARK INTL NEW COM 529771107 1970 56563 SH SOLE 56563 0 0 LEXINGTON REALTY TRUST COM 529043101 367 46123 SH SOLE 46123 0 0 LEXICON PHARMACEUTICALS INC COM 528872104 60 41607 SH SOLE 41607 0 0 LIVE NATION ENTERTAINMENT IN COM 538034109 365 31922 SH SOLE 31922 0 0 LUBRIZOL CORP COM 549271104 4022 37628 SH SOLE 37628 0 0 LA Z BOY INC COM 505336107 101 11212 SH SOLE 11212 0 0 MACYS INC COM 55616P104 6070 239918 SH SOLE 239918 0 0 MACYS INC OPTION 55616P104 480 1950 SH CALL SOLE 1950 0 0 MASTERCARD INC COM 57636Q104 7067 31535 SH SOLE 31535 0 0 MID-AMER APT CMNTYS INC COM 59522J103 846 13323 SH SOLE 13323 0 0 MACERICH CO COM 554382101 6066 128050 SH SOLE 128050 0 0 MANPOWER INC COM 56418H100 2171 34593 SH SOLE 34593 0 0 MANHATTAN ASSOCS INC COM 562750109 388 12709 SH SOLE 12709 0 0 MANTECH INTL CORP COM 564563104 525 12706 SH SOLE 12706 0 0 MARRIOTT INTL INC NEW COM 571903202 9075 218466 SH SOLE 218466 0 0 MASCO CORP COM 574599106 5036 397789 SH SOLE 397789 0 0 MASIMO CORP COM 574795100 606 20859 SH SOLE 20859 0 0 MATTEL INC COM 577081102 8376 329387 SH SOLE 329387 0 0 MARTEK BIOSCIENCES CORP COM 572901106 661 21113 SH SOLE 21113 0 0 MATTHEWS INTL CORP COM 577128101 401 11459 SH SOLE 11459 0 0 MB FINANCIAL INC NEW COM 55264U108 195 11255 SH SOLE 11255 0 0 MBIA INC COM 55262C100 1218 101617 SH SOLE 101617 0 0 MOBILE TELESYSTEMS OJSC COM 607409109 32209 1543335 SH SOLE 1543335 0 0 MCDONALDS CORP COM 580135101 60323 785871 SH SOLE 785871 0 0 MCDONALDS CORP OPTION 580135101 2852 20327 SH PUT SOLE 20327 0 0 MCDONALDS CORP OPTION 580135101 4425 5762 SH CALL SOLE 5762 0 0 MCG CAPITAL CORP COM 58047P107 114 16339 SH SOLE 16339 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 8082 236237 SH SOLE 236237 0 0 MCKESSON CORP COM 58155Q103 7575 107625 SH SOLE 107625 0 0 MOODYS CORP COM 615369105 6637 250075 SH SOLE 250075 0 0 MOLYCORP INC DEL COM 608753109 275 5518 SH SOLE 5518 0 0 MICREL INC COM 594793101 354 27251 SH SOLE 27251 0 0 MICROS SYS INC COM 594901100 937 21363 SH SOLE 21363 0 0 MERCURY GENL CORP NEW COM 589400100 1115 25921 SH SOLE 25921 0 0 MEDNAX INC COM 58502B106 1425 21182 SH SOLE 21182 0 0 M D C HLDGS INC COM 552676108 249 8666 SH SOLE 8666 0 0 MEDICINES CO COM 584688105 161 11399 SH SOLE 11399 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page29 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MEREDITH CORP COM 589433101 922 26597 SH SOLE 26597 0 0 MCDERMOTT INTL INC COM 580037109 2086 100831 SH SOLE 100831 0 0 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 22203 1152185 SH SOLE 1152185 0 0 MEDTRONIC INC COM 585055106 35513 957470 SH SOLE 957470 0 0 MEDTRONIC INC OPTION 585055106 1695 12854 SH PUT SOLE 12854 0 0 MEDTRONIC INC OPTION 585055106 672 2293 SH CALL SOLE 2293 0 0 MEDTRONIC INC BOND CV 585055AL0 771500 7715000 PRN SOLE 7715000 0 0 MEDTRONIC INC BOND CV 585055AM8 1595309 15854000 PRN SOLE 15854000 0 0 MDU RES GROUP INC COM 552690109 1801 88854 SH SOLE 88854 0 0 SPDR S&P MIDCAP 400 ETF TR UTS COM 78467Y107 328741 1996244 SH SOLE 1996244 0 0 MASSEY ENERGY COMPANY COM 576206106 6253 116555 SH SOLE 116555 0 0 MASSEY ENERGY COMPANY OPTION 576206106 2159 5600 SH CALL SOLE 5600 0 0 MASSEY ENERGY CO BOND CV 576203AJ2 471822 4833000 PRN SOLE 4833000 0 0 MERCADOLIBRE INC COM 58733R102 310 4655 SH SOLE 4655 0 0 MENTOR GRAPHICS CORP COM 587200106 489 40770 SH SOLE 40770 0 0 METHANEX CORP COM 59151K108 454 14920 SH SOLE 14920 0 0 METLIFE INC COM 59156R108 35295 794218 SH SOLE 794218 0 0 METLIFE INC OPTION 59156R108 1391 1938 SH CALL SOLE 1938 0 0 MF GLOBAL HLDGS LTD COM 55277J108 361 43139 SH SOLE 43139 0 0 MFA FINANCIAL INC COM 55272X102 2946 361081 SH SOLE 361081 0 0 MCAFEE INC COM 579064106 13609 293870 SH SOLE 293870 0 0 MAGNA INTL INC COM 559222401 2281 43862 SH SOLE 43862 0 0 MGE ENERGY INC COM 55277P104 211 4941 SH SOLE 4941 0 0 MONEYGRAM INTL INC COM 60935Y109 48 17544 SH SOLE 17544 0 0 MAGELLAN HEALTH SVCS INC COM 559079207 344 7266 SH SOLE 7266 0 0 MGM RESORTS INTERNATIONAL COM 552953101 11487 773509 SH SOLE 773509 0 0 MOHAWK INDS INC COM 608190104 2230 39293 SH SOLE 39293 0 0 MAIDEN HOLDINGS LTD SHS COM G5753U112 84 10669 SH SOLE 10669 0 0 MCGRAW HILL COS INC COM 580645109 7153 196465 SH SOLE 196465 0 0 MAGNUM HUNTER RES CORP DEL COM 55973B102 82 11337 SH SOLE 11337 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 20602 336244 SH SOLE 336244 0 0 MARSHALL & ILSLEY CORP NEW COM 571837103 6997 1011143 SH SOLE 1011143 0 0 MILLICOM INTL CELLULAR S A SHS COM L6388F110 345 3609 SH SOLE 3609 0 0 MIDDLEBY CORP COM 596278101 305 3613 SH SOLE 3613 0 0 MEADOWBROOK INS GROUP INC COM 58319P108 123 11987 SH SOLE 11987 0 0 MITCHAM INDS INC COM 606501104 117 10100 SH SOLE 10100 0 0 MIPS TECHNOLOGIES INC COM 604567107 180 11853 SH SOLE 11853 0 0 MICROMET INC COM 59509C105 163 20129 SH SOLE 20129 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 8179 131383 SH SOLE 131383 0 0 MCCORMICK & CO INC COM NON VTG COM 579780206 3465 74468 SH SOLE 74468 0 0 MARKEL CORP COM 570535104 1406 3719 SH SOLE 3719 0 0 MKS INSTRUMENT INC COM 55306N104 342 13957 SH SOLE 13957 0 0 MILLER HERMAN INC COM 600544100 546 21570 SH SOLE 21570 0 0 MUELLER INDS INC COM 624756102 267 8171 SH SOLE 8171 0 0 MARTIN MARIETTA MATLS INC COM 573284106 2025 21957 SH SOLE 21957 0 0 MARTIN MARIETTA MATLS INC OPTION 573284106 500 250 SH CALL SOLE 250 0 0 MARSH & MCLENNAN COS INC COM 571748102 13456 492177 SH SOLE 492177 0 0 3M CO COM 88579Y101 52919 613202 SH SOLE 613202 0 0 3M CO OPTION 88579Y101 1547 8447 SH PUT SOLE 8447 0 0 3M CO OPTION 88579Y101 676 3254 SH CALL SOLE 3254 0 0 MCMORAN EXPLORATION CO COM 582411104 362 21123 SH SOLE 21123 0 0 MAXIMUS INC COM 577933104 590 8991 SH SOLE 8991 0 0 MCCLATCHY CO COM 579489105 60 12845 SH SOLE 12845 0 0 MANNKIND CORP COM 56400P201 119 14708 SH SOLE 14708 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page30 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MONRO MUFFLER BRAKE INC COM 610236101 217 6281 SH SOLE 6281 0 0 ALTRIA GROUP INC COM 02209S103 38534 1565154 SH SOLE 1565154 0 0 ALTRIA GROUP INC OPTION 02209S103 811 3760 SH CALL SOLE 3760 0 0 ALTRIA GROUP INC OPTION 02209S103 951 22187 SH PUT SOLE 22187 0 0 ALTRIA GROUP INC OPTION 02209S103 1511 13153 SH CALL SOLE 13153 0 0 MOOG INC COM 615394202 392 9842 SH SOLE 9842 0 0 MOLEX INC COM 608554101 2406 105885 SH SOLE 105885 0 0 MONSANTO CO NEW COM 61166W101 77173 1108164 SH SOLE 1108164 0 0 MONSANTO CO NEW OPTION 61166W101 5395 22181 SH PUT SOLE 22181 0 0 MONSANTO CO NEW OPTION 61166W101 5134 5187 SH CALL SOLE 5187 0 0 MORNINGSTAR INC COM 617700109 446 8409 SH SOLE 8409 0 0 MOSAIC CO COM 61945A107 17971 235341 SH SOLE 235341 0 0 MOSAIC CO OPTION 61945A107 1565 500 SH CALL SOLE 500 0 0 MOTOROLA INC COM 620076109 21591 2380534 SH SOLE 2380534 0 0 MOTOROLA INC OPTION 620076109 2487 10900 SH CALL SOLE 10900 0 0 MOTOROLA INC OPTION 620076109 537 25463 SH PUT SOLE 25463 0 0 MOVE INC COM COM 62458M108 84 32702 SH SOLE 32702 0 0 MELCO CROWN ENTMT LTD COM 585464100 1087 170885 SH SOLE 170885 0 0 MPG OFFICE TR INC COM 553274101 29 10590 SH SOLE 10590 0 0 MEDICAL PPTYS TRUST INC COM 58463J304 492 45404 SH SOLE 45404 0 0 MONOLITHIC PWR SYS INC COM 609839105 292 17685 SH SOLE 17685 0 0 MINDRAY MEDICAL INTL LTD SPON COM 602675100 1257 47599 SH SOLE 47599 0 0 MERGE HEALTHCARE INC COM 589499102 39 10434 SH SOLE 10434 0 0 MONTPELIER RE HOLDINGS LTD SHS COM G62185106 280 14050 SH SOLE 14050 0 0 MERCK & CO INC NEW COM 58933Y105 84182 2335787 SH SOLE 2335787 0 0 MERCK & CO INC NEW OPTION 58933Y105 2387 28621 SH PUT SOLE 28621 0 0 MERCK & CO INC NEW OPTION 58933Y105 4593 16974 SH CALL SOLE 16974 0 0 MARATHON OIL CORP COM 565849106 11769 317824 SH SOLE 317824 0 0 MARATHON OIL CORP OPTION 565849106 600 1000 SH CALL SOLE 1000 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 6365 343146 SH SOLE 343146 0 0 MEDICIS PHARMACEUTICAL CORP COM 584690309 1722 64284 SH SOLE 64284 0 0 MORGAN STANLEY COM 617446448 68607 2521385 SH SOLE 2521385 0 0 MORGAN STANLEY OPTION 617446448 268 3278 SH CALL SOLE 3278 0 0 MORGAN STANLEY OPTION 617446448 2820 44425 SH PUT SOLE 44425 0 0 MINE SAFETY APPLIANCES CO COM 602720104 338 10864 SH SOLE 10864 0 0 MICROSEMI CORP COM 595137100 517 22558 SH SOLE 22558 0 0 MSCI INC COM 55354G100 2392 61401 SH SOLE 61401 0 0 MICROSOFT CORP COM 594918104 182186 6527607 SH SOLE 6527607 0 0 MICROSOFT CORP OPTION 594918104 5719 117879 SH PUT SOLE 117879 0 0 MICROSOFT CORP OPTION 594918104 9787 62592 SH CALL SOLE 62592 0 0 MSC INDL DIRECT INC COM 553530106 662 10229 SH SOLE 10229 0 0 MICROSTRATEGY INC COM 594972408 637 7450 SH SOLE 7450 0 0 ARCELORMITTAL SA LUXEMBOURG NY COM 03938L104 3200 83928 SH SOLE 83928 0 0 M & T BK CORP COM 55261F104 8411 96621 SH SOLE 96621 0 0 METTLER TOLEDO INTERNATIONAL COM 592688105 1170 7736 SH SOLE 7736 0 0 MGIC INVT CORP WIS COM 552848103 3652 358409 SH SOLE 358409 0 0 MECHEL OAO COM 583840103 8901 304518 SH SOLE 304518 0 0 VAIL RESORTS INC COM 91879Q109 410 7876 SH SOLE 7876 0 0 MATTSON TECHNOLOGY INC COM 577223100 33 10977 SH SOLE 10977 0 0 MANITOWOC INC COM 563571108 227 17277 SH SOLE 17277 0 0 MINERALS TECHNOLOGIES INC COM 603158106 467 7144 SH SOLE 7144 0 0 MASTEC INC COM 576323109 273 18706 SH SOLE 18706 0 0 MICRON TECHNOLOGY INC COM 595112103 5599 698092 SH SOLE 698092 0 0 MICRON TECHNOLOGY INC OPTION 595112103 264 3000 SH CALL SOLE 3000 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page31 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MICRON TECHNOLOGY INC BOND CV 595112AH6 920052 9736000 PRN SOLE 9736000 0 0 MURPHY OIL CORP COM 626717102 6415 86045 SH SOLE 86045 0 0 MICROVISION INC DEL COM 594960106 36 19554 SH SOLE 19554 0 0 MENS WEARHOUSE INC COM 587118100 614 24565 SH SOLE 24565 0 0 MUELLER WTR PRODS INC COM SER ACOM 624758108 3383 811297 SH SOLE 811297 0 0 DIREXION SHS ETF TR DLY MIDCAP COM 25459W730 4761 100000 SH SOLE 100000 0 0 MEADWESTVACO CORP COM 583334107 2285 87361 SH SOLE 87361 0 0 MONSTER WORLDWIDE INC COM 611742107 1259 53270 SH SOLE 53270 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 6374 269836 SH SOLE 269836 0 0 CHINA MING YANG WIND PWR GRO COM 16951C108 437 37967 SH SOLE 37967 0 0 MYRIAD GENETICS INC COM 62855J104 395 17296 SH SOLE 17296 0 0 MYLAN INC COM 628530107 7573 358402 SH SOLE 358402 0 0 MYLAN INC BOND CV 628530AG2 76124 719000 PRN SOLE 719000 0 0 NORTHERN DYNASTY MINERALS LT COM 66510M204 286 20000 SH SOLE 20000 0 0 NEWALLIANCE BANCSHARES INC COM 650203102 1061 70831 SH SOLE 70831 0 0 NORDIC AMERICAN TANKER SHIPP COM G65773106 260 9998 SH SOLE 9998 0 0 NATIONAL INSTRS CORP COM 636518102 529 14065 SH SOLE 14065 0 0 NAVISTAR INTL CORP NEW COM 63934E108 3622 62551 SH SOLE 62551 0 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 78 10261 SH SOLE 10261 0 0 NOBLE ENERGY INC COM 655044105 10606 123212 SH SOLE 123212 0 0 NABORS INDUSTRIES LTD SHS COM G6359F103 2742 116899 SH SOLE 116899 0 0 NABORS INDS INC BOND CV 629568AP1 49688 500000 PRN SOLE 500000 0 0 NAVIGANT CONSULTING INC COM 63935N107 176 19139 SH SOLE 19139 0 0 NATIONAL CINEMEDIA INC COM 635309107 227 11420 SH SOLE 11420 0 0 NCR CORP NEW COM 62886E108 650 42306 SH SOLE 42306 0 0 NEWCASTLE INVT CORP COM 65105M108 90 13493 SH SOLE 13493 0 0 NASDAQ OMX GROUP INC COM 631103108 6261 263831 SH SOLE 263831 0 0 NASDAQ OMX GROUP INC OPTION 631103108 347 770 SH CALL SOLE 770 0 0 99 CENTS ONLY STORES COM 65440K106 283 17777 SH SOLE 17777 0 0 NORDSON CORP COM 655663102 1191 12965 SH SOLE 12965 0 0 NOBLE CORPORATION BAAR NAMEN - COM H5833N103 3768 105341 SH SOLE 105341 0 0 NEXTERA ENERGY INC COM 65339F101 14258 274248 SH SOLE 274248 0 0 NEWMONT MINING CORP COM 651639106 25820 420323 SH SOLE 420323 0 0 NEWMONT MINING CORP OPTION 651639106 936 16869 SH PUT SOLE 16869 0 0 NEWMONT MINING CORP OPTION 651639106 3542 5602 SH CALL SOLE 5602 0 0 NETLOGIC MICROSYSTEMS INC COM 64118B100 880 28005 SH SOLE 28005 0 0 NEWMARKET CORP COM 651587107 846 6858 SH SOLE 6858 0 0 NATIONAL FUEL GAS CO N J COM 636180101 1249 19030 SH SOLE 19030 0 0 NETFLIX INC COM 64110L106 10351 58914 SH SOLE 58914 0 0 NETFLIX INC OPTION 64110L106 418 388 SH CALL SOLE 388 0 0 NETFLIX INC OPTION 64110L106 210 122 SH PUT SOLE 122 0 0 NEWFIELD EXPL CO COM 651290108 5965 82723 SH SOLE 82723 0 0 NATIONAL HEALTH INVS INC COM 63633D104 452 10033 SH SOLE 10033 0 0 NATIONWIDE HEALTH PPTYS INC COM 638620104 3376 92806 SH SOLE 92806 0 0 NISOURCE INC COM 65473P105 1942 110235 SH SOLE 110235 0 0 NII HLDGS INC CL B COM 62913F201 3839 85969 SH SOLE 85969 0 0 NEW JERSEY RES COM 646025106 657 15229 SH SOLE 15229 0 0 NIKE INC CL B COM 654106103 31540 369230 SH SOLE 369230 0 0 NIKE INC CL B OPTION 654106103 3975 2504 SH CALL SOLE 2504 0 0 NEKTAR THERAPEUTICS COM 640268108 321 25018 SH SOLE 25018 0 0 NALCO HOLDING COMPANY COM 62985Q101 7925 248137 SH SOLE 248137 0 0 ANNALY CAP MGMT INC COM 035710409 6412 357832 SH SOLE 357832 0 0 NATIONAL RETAIL PROPERTIES I COM 637417106 905 34138 SH SOLE 34138 0 0 NATIONAL RETAIL PROPERTIES I BOND CV 637417AC0 69600 600000 PRN SOLE 600000 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page32 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NORTHROP GRUMMAN CORP COM 666807102 24100 372030 SH SOLE 372030 0 0 NORTHERN OIL & GAS INC NEV COM 665531109 327 12024 SH SOLE 12024 0 0 NOKIA CORP COM 654902204 18077 1751691 SH SOLE 1751691 0 0 NATIONAL OILWELL VARCO INC COM 637071101 15206 226110 SH SOLE 226110 0 0 NOVELL INC COM 670006105 4199 709245 SH SOLE 709245 0 0 NATIONAL PENN BANCSHARES INC COM 637138108 224 27870 SH SOLE 27870 0 0 NPS PHARMACEUTICALS INC COM 62936P103 114 14423 SH SOLE 14423 0 0 NEWPARK RES INC PAR $.01 NEW COM 651718504 120 19529 SH SOLE 19529 0 0 NORTHSTAR RLTY FIN CORP COM 66704R100 75 15839 SH SOLE 15839 0 0 NRG ENERGY INC COM 629377508 8352 427449 SH SOLE 427449 0 0 NORFOLK SOUTHERN CORP COM 655844108 15342 244229 SH SOLE 244229 0 0 NORFOLK SOUTHERN CORP OPTION 655844108 301 3043 SH PUT SOLE 3043 0 0 INSIGHT ENTERPRISES INC COM 45765U103 133 10083 SH SOLE 10083 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 2368 172126 SH SOLE 172126 0 0 NEUSTAR INC COM 64126X201 1311 50314 SH SOLE 50314 0 0 NSTAR COM 67019E107 2853 67634 SH SOLE 67634 0 0 NETAPP INC COM 64110D104 47448 863323 SH SOLE 863323 0 0 NETEASE COM INC COM 64110W102 2047 56634 SH SOLE 56634 0 0 NETGEAR INC COM 64111Q104 289 8593 SH SOLE 8593 0 0 NORTHERN TR CORP COM 665859104 10422 188094 SH SOLE 188094 0 0 NIPPON TELEG & TEL CORP COM 654624105 482 20999 SH SOLE 20999 0 0 NORTHEAST UTILS COM 664397106 4526 141975 SH SOLE 141975 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 3226 177435 SH SOLE 177435 0 0 NUCOR CORP COM 670346105 15405 351558 SH SOLE 351558 0 0 NUCOR CORP OPTION 670346105 808 2679 SH PUT SOLE 2679 0 0 NU SKIN ENTERPRISES INC COM 67018T105 325 10741 SH SOLE 10741 0 0 NUVASIVE INC COM 670704105 380 14806 SH SOLE 14806 0 0 NOVAVAX INC COM 670002104 47 19432 SH SOLE 19432 0 0 NVIDIA CORP COM 67066G104 33122 2150773 SH SOLE 2150773 0 0 NVIDIA CORP OPTION 67066G104 574 2814 SH PUT SOLE 2814 0 0 NV ENERGY INC COM 67073Y106 756 53837 SH SOLE 53837 0 0 NOVELLUS SYS INC COM 670008101 1902 58835 SH SOLE 58835 0 0 NVR INC COM 62944T105 889 1286 SH SOLE 1286 0 0 NORTHWEST BANCSHARES INC MD COM 667340103 278 23643 SH SOLE 23643 0 0 NORTHWESTERN CORP COM 668074305 226 7855 SH SOLE 7855 0 0 NEWELL RUBBERMAID INC COM 651229106 2163 118958 SH SOLE 118958 0 0 NORTHWEST NAT GAS CO COM 667655104 269 5795 SH SOLE 5795 0 0 NEWS CORP CL B COM 65248E203 1742 106103 SH SOLE 106103 0 0 NEWS CORP COM 65248E104 24600 1689530 SH SOLE 1689530 0 0 NEWS CORP OPTION 65248E104 644 3219 SH CALL SOLE 3219 0 0 QUANEX BUILDING PRODUCTS COR COM 747619104 230 12105 SH SOLE 12105 0 0 NEXEN INC COM 65334H102 2254 98419 SH SOLE 98419 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 6237 330870 SH SOLE 330870 0 0 NEW YORK CMNTY BANCORP INC OPTION 649445103 524 1311 SH CALL SOLE 1311 0 0 NEW YORK TIMES CO COM 650111107 2949 300929 SH SOLE 300929 0 0 NYSE EURONEXT COM 629491101 7466 249039 SH SOLE 249039 0 0 REALTY INCOME CORP COM 756109104 3018 88239 SH SOLE 88239 0 0 OASIS PETE INC NEW COM 674215108 283 10434 SH SOLE 10434 0 0 OWENS CORNING NEW COM 690742101 2162 69404 SH SOLE 69404 0 0 OCLARO INC COM 67555N206 209 15923 SH SOLE 15923 0 0 OCWEN FINL CORP COM 675746309 153 16074 SH SOLE 16074 0 0 OCCAM NETWORKS INC COM 67457P309 316 36444 SH SOLE 36444 0 0 OMNICARE INC COM 681904108 2530 99655 SH SOLE 99655 0 0 OLD DOMINION FGHT LINES INC COM 679580100 305 9545 SH SOLE 9545 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page33 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- OFFICE DEPOT INC COM 676220106 6030 1116715 SH SOLE 1116715 0 0 ISHARES TR S&P 100 IDX FD COM 464287101 17553 309734 SH SOLE 309734 0 0 ORIENT-EXPRESS HOTELS LTD COM G67743107 292 22466 SH SOLE 22466 0 0 CORPORATE OFFICE PPTYS TR SH B COM 22002T108 1813 51882 SH SOLE 51882 0 0 OGE ENERGY CORP COM 670837103 1344 29510 SH SOLE 29510 0 0 OMEGA HEALTHCARE INVS INC COM 681936100 1251 55735 SH SOLE 55735 0 0 OWENS ILL INC COM 690768403 4419 143956 SH SOLE 143956 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTCOM 678002106 61168 435265 SH SOLE 435265 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTOPTION 678002106 4055 1001 SH CALL SOLE 1001 0 0 OCEANEERING INTL INC COM 675232102 1086 14750 SH SOLE 14750 0 0 OIL STS INTL INC COM 678026105 965 15064 SH SOLE 15064 0 0 ONEOK INC NEW COM 682680103 4635 83560 SH SOLE 83560 0 0 OLIN CORP PAR $1 COM 680665205 737 35914 SH SOLE 35914 0 0 OMNICOM GROUP INC COM 681919106 10772 235204 SH SOLE 235204 0 0 OM GROUP INC COM 670872100 263 6835 SH SOLE 6835 0 0 OWENS & MINOR INC NEW COM 690732102 964 32755 SH SOLE 32755 0 0 OFFICEMAX INC DEL COM 67622P101 928 52446 SH SOLE 52446 0 0 OLD NATL BANCORP IND COM 680033107 224 18859 SH SOLE 18859 0 0 ON SEMICONDUCTOR CORP COM 682189105 766 77538 SH SOLE 77538 0 0 ONYX PHARMACEUTICALS INC COM 683399109 1734 47027 SH SOLE 47027 0 0 OPENTABLE INC COM 68372A104 244 3468 SH SOLE 3468 0 0 OPKO HEALTH INC COM 68375N103 70 19030 SH SOLE 19030 0 0 OPENWAVE SYS INC COM 683718308 36 16823 SH SOLE 16823 0 0 ORMAT TECHNOLOGIES INC COM 686688102 320 10820 SH SOLE 10820 0 0 ORBITAL SCIENCES CORP COM 685564106 210 12251 SH SOLE 12251 0 0 ORACLE CORP COM 68389X105 92921 2968710 SH SOLE 2968710 0 0 ORACLE CORP OPTION 68389X105 1749 52025 SH PUT SOLE 52025 0 0 ORACLE CORP OPTION 68389X105 5928 15777 SH CALL SOLE 15777 0 0 OLD REP INTL CORP COM 680223104 2873 210755 SH SOLE 210755 0 0 ORITANI FINL CORP DEL COM 68633D103 147 12011 SH SOLE 12011 0 0 O REILLY AUTOMOTIVE INC COM 686091109 11110 183884 SH SOLE 183884 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 1494 42190 SH SOLE 42190 0 0 OSHKOSH CORP COM 688239201 2391 67856 SH SOLE 67856 0 0 OPEN TEXT CORP COM 683715106 1483 32200 SH SOLE 32200 0 0 OMNIVISION TECHNOLOGIES INC COM 682128103 356 12030 SH SOLE 12030 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 45917 468061 SH SOLE 468061 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 1797 11964 SH PUT SOLE 11964 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 3121 3077 SH CALL SOLE 3077 0 0 OYO GEOSPACE CORP COM 671074102 220 2219 SH SOLE 2219 0 0 PLAINS ALL AMERN PIPELINE L UN COM 726503105 229 3649 SH SOLE 3649 0 0 PAN AMERICAN SILVER CORP COM 697900108 2827 68606 SH SOLE 68606 0 0 GPO AEROPORTUARIO DEL PAC SA S COM 400506101 1315 32369 SH SOLE 32369 0 0 PACWEST BANCORP DEL COM 695263103 249 11666 SH SOLE 11666 0 0 PAETEC HOLDING CORP COM 695459107 102 27276 SH SOLE 27276 0 0 VERIFONE SYS INC COM 92342Y109 729 18911 SH SOLE 18911 0 0 PAYCHEX INC COM 704326107 8691 281174 SH SOLE 281174 0 0 PEOPLES UNITED FINANCIAL INC COM 712704105 3559 254042 SH SOLE 254042 0 0 PITNEY BOWES INC COM 724479100 4300 177838 SH SOLE 177838 0 0 PETROLEO BRASILEIRO SA PETRO COM 71654V408 170234 4498777 SH SOLE 4498777 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 741 3474 SH CALL SOLE 3474 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 1770 3203 SH PUT SOLE 3203 0 0 PETROLEO BRASILEIRO SA PETRO SPCOM 71654V101 20309 594349 SH SOLE 594349 0 0 PEP BOYS MANNY MOE & JACK COM 713278109 152 11293 SH SOLE 11293 0 0 PACCAR INC COM 693718108 18134 316257 SH SOLE 316257 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page34 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PG&E CORP COM 69331C108 9609 200854 SH SOLE 200854 0 0 POTLATCH CORP NEW COM 737630103 501 15404 SH SOLE 15404 0 0 PLUM CREEK TIMBER CO INC COM 729251108 4245 113352 SH SOLE 113352 0 0 PRICELINE COM INC COM 741503403 15003 37550 SH SOLE 37550 0 0 PRICELINE COM INC OPTION 741503403 4509 333 SH CALL SOLE 333 0 0 PRECISION CASTPARTS CORP COM 740189105 15091 108405 SH SOLE 108405 0 0 METROPCS COMMUNICATIONS INC COM 591708102 2676 211890 SH SOLE 211890 0 0 PATRIOT COAL CORP COM 70336T104 997 51483 SH SOLE 51483 0 0 PIONEER DRILLING CO COM 723655106 101 11478 SH SOLE 11478 0 0 PATTERSON COMPANIES INC COM 703395103 2007 65531 SH SOLE 65531 0 0 PRIDE INTL INC DEL COM 74153Q102 6293 190705 SH SOLE 190705 0 0 PRIDE INTL INC DEL OPTION 74153Q102 678 4675 SH CALL SOLE 4675 0 0 PDL BIOPHARMA INC COM 69329Y104 483 77560 SH SOLE 77560 0 0 PIEDMONT OFFICE REALTY TR IN C COM 720190206 762 37816 SH SOLE 37816 0 0 PEBBLEBROOK HOTEL TR COM 70509V100 309 15202 SH SOLE 15202 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 9498 298575 SH SOLE 298575 0 0 PENNSYLVANIA RL ESTATE INVT SH COM 709102107 320 22043 SH SOLE 22043 0 0 PETROLEUM & RES CORP COM 716549100 283 10483 SH SOLE 10483 0 0 PEPSICO INC COM 713448108 94064 1439826 SH SOLE 1439826 0 0 PEPSICO INC OPTION 713448108 2895 17755 SH PUT SOLE 17755 0 0 PEPSICO INC OPTION 713448108 2615 8638 SH CALL SOLE 8638 0 0 PETROLEUM DEV CORP COM 716578109 929 21997 SH SOLE 21997 0 0 PETSMART INC COM 716768106 2320 58268 SH SOLE 58268 0 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 389 8028 SH SOLE 8028 0 0 PFIZER INC COM 717081103 128685 7349202 SH SOLE 7349202 0 0 PFIZER INC OPTION 717081103 4629 36479 SH CALL SOLE 36479 0 0 PFIZER INC OPTION 717081103 6470 95655 SH PUT SOLE 95655 0 0 PFIZER INC OPTION 717081103 200 500 SH PUT SOLE 500 0 0 PRINCIPAL FINL GROUP INC COM 74251V102 10165 312199 SH SOLE 312199 0 0 PROVIDENT FINL SVCS INC COM 74386T105 197 13047 SH SOLE 13047 0 0 PROCTER & GAMBLE CO COM 742718109 157683 2451159 SH SOLE 2451159 0 0 PROCTER & GAMBLE CO OPTION 742718109 7801 21001 SH CALL SOLE 21001 0 0 PROCTER & GAMBLE CO OPTION 742718109 3403 43716 SH PUT SOLE 43716 0 0 PENGROWTH ENERGY TR TR UNIT COM 706902509 3174 246800 SH SOLE 246800 0 0 PREMIERE GLOBAL SVCS INC COM 740585104 112 16521 SH SOLE 16521 0 0 PROGRESS ENERGY INC COM 743263105 15447 355278 SH SOLE 355278 0 0 PROGRESSIVE CORP OHIO COM 743315103 13749 691948 SH SOLE 691948 0 0 PARKER HANNIFIN CORP COM 701094104 7601 88074 SH SOLE 88074 0 0 KONINKLIJKE PHILIPS ELECTRS NY COM 500472303 3498 113948 SH SOLE 113948 0 0 PHH CORP COM 693320202 370 15966 SH SOLE 15966 0 0 PULTE GROUP INC COM 745867101 14296 1901090 SH SOLE 1901090 0 0 PULTE GROUP INC OPTION 745867101 294 17600 SH CALL SOLE 17600 0 0 SPROTT PHYSICAL GOLD TRUST UNITCOM 85207H104 1102 89275 SH SOLE 89275 0 0 POLARIS INDS INC COM 731068102 1851 23723 SH SOLE 23723 0 0 PIER 1 IMPORTS INC COM 720279108 405 38549 SH SOLE 38549 0 0 PARKER DRILLING CO COM 701081101 3928 859509 SH SOLE 859509 0 0 PACKAGING CORP AMER COM 695156109 632 24441 SH SOLE 24441 0 0 PERKINELMER INC COM 714046109 1551 60089 SH SOLE 60089 0 0 PROTECTIVE LIFE CORP COM 743674103 1257 47190 SH SOLE 47190 0 0 PHOTRONICS INC COM 719405102 65 11072 SH SOLE 11072 0 0 CHILDRENS PL RETAIL STORES I COM 168905107 421 8478 SH SOLE 8478 0 0 POLYCOM INC COM 73172K104 864 22174 SH SOLE 22174 0 0 PROLOGIS SH BEN INT COM 743410102 12626 874379 SH SOLE 874379 0 0 PROLOGIS BOND CV 743410AS1 2134773 21455000 PRN SOLE 21455000 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page35 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PALL CORP COM 696429307 6405 129179 SH SOLE 129179 0 0 PLANTRONICS INC NEW COM 727493108 1417 38078 SH SOLE 38078 0 0 PLEXUS CORP COM 729132100 275 8901 SH SOLE 8901 0 0 PHILIP MORRIS INTL INC COM 718172109 84562 1444764 SH SOLE 1444764 0 0 PHILIP MORRIS INTL INC OPTION 718172109 1231 2821 SH CALL SOLE 2821 0 0 PHILIP MORRIS INTL INC OPTION 718172109 3150 22780 SH PUT SOLE 22780 0 0 PMC-SIERRA INC COM 69344F106 210 24470 SH SOLE 24470 0 0 PMI GROUP INC COM 69344M101 3273 991713 SH SOLE 991713 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173209 995 44180 SH SOLE 44180 0 0 PNC FINL SVCS GROUP INC COM 693475105 35739 588579 SH SOLE 588579 0 0 PINNACLE ENTMT INC COM 723456109 256 18253 SH SOLE 18253 0 0 PNM RES INC COM 69349H107 431 33127 SH SOLE 33127 0 0 PENTAIR INC COM 709631105 6390 175028 SH SOLE 175028 0 0 PANERA BREAD CO COM 69840W108 21300 210449 SH SOLE 210449 0 0 PINNACLE WEST CAP CORP COM 723484101 1985 47893 SH SOLE 47893 0 0 PHOENIX COS INC NEW COM 71902E109 61 24048 SH SOLE 24048 0 0 PIEDMONT NAT GAS INC COM 720186105 526 18811 SH SOLE 18811 0 0 POLYONE CORP COM 73179P106 1353 108298 SH SOLE 108298 0 0 PEPCO HOLDINGS INC COM 713291102 5174 283531 SH SOLE 283531 0 0 POOL CORPORATION COM 73278L105 242 10751 SH SOLE 10751 0 0 PORTLAND GEN ELEC CO COM 736508847 357 16439 SH SOLE 16439 0 0 POTASH CORP SASK INC COM 73755L107 19381 125179 SH SOLE 125179 0 0 POWER INTEGRATIONS INC COM 739276103 844 21015 SH SOLE 21015 0 0 PILGRIMS PRIDE CORP NEW COM 72147K108 74 10378 SH SOLE 10378 0 0 PRE PAID LEGAL SVCS INC COM 740065107 373 6196 SH SOLE 6196 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 1489 54877 SH SOLE 54877 0 0 PPG INDS INC COM 693506107 6295 74873 SH SOLE 74873 0 0 PHARMACEUTICAL HLDRS TR DEPOSI COM 71712A206 10100 155500 SH SOLE 155500 0 0 PEREGRINE PHARMACEUTICALS IN COM 713661304 29 12696 SH SOLE 12696 0 0 PPL CORP COM 69351T106 6232 236792 SH SOLE 236792 0 0 PPL CORP UNIT 99/99/9999 COM 69351T601 3686 67100 SH SOLE 67100 0 0 POLYPORE INTL INC COM 73179V103 396 9722 SH SOLE 9722 0 0 ING PRIME RATE TR SH BEN INT COM 44977W106 328 57700 SH SOLE 57700 0 0 POST PPTYS INC COM 737464107 722 19881 SH SOLE 19881 0 0 PETROQUEST ENERGY INC COM 716748108 89 11754 SH SOLE 11754 0 0 PROASSURANCE CORP COM 74267C106 414 6837 SH SOLE 6837 0 0 PORTFOLIO RECOVERY ASSOCS IN COM 73640Q105 278 3697 SH SOLE 3697 0 0 PARTNERRE LTD COM G6852T105 3451 42952 SH SOLE 42952 0 0 PERRIGO CO COM 714290103 2226 35153 SH SOLE 35153 0 0 PROGRESS SOFTWARE CORP COM 743312100 379 8950 SH SOLE 8950 0 0 PROMOTORA DE INFORMACIONES S COM 74343G303 1834 192200 SH SOLE 192200 0 0 PROSPERITY BANCSHARES INC COM 743606105 788 20055 SH SOLE 20055 0 0 PRUDENTIAL FINL INC COM 744320102 26575 452648 SH SOLE 452648 0 0 PRUDENTIAL FINL INC OPTION 744320102 428 4055 SH PUT SOLE 4055 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 939 24378 SH SOLE 24378 0 0 PAREXEL INTL CORP COM 699462107 270 12739 SH SOLE 12739 0 0 PUBLIC STORAGE COM 74460D109 16605 163729 SH SOLE 163729 0 0 PS BUSINESS PKS INC CALIF COM 69360J107 436 7823 SH SOLE 7823 0 0 PROSPECT CAPITAL CORPORATION COM 74348T102 195 18017 SH SOLE 18017 0 0 COLLECTIVE BRANDS INC COM 19421W100 691 32768 SH SOLE 32768 0 0 PSS WORLD MED INC COM 69366A100 280 12405 SH SOLE 12405 0 0 PACIFIC SUNWEAR CALIF INC COM 694873100 75 13893 SH SOLE 13893 0 0 PATTERSON UTI ENERGY INC COM 703481101 849 39413 SH SOLE 39413 0 0 PLATINUM UNDERWRITER HLDGS L COM G7127P100 400 8895 SH SOLE 8895 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page36 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PETROCHINA CO LTD COM 71646E100 6892 52415 SH SOLE 52415 0 0 PENN VA CORP COM 707882106 292 17354 SH SOLE 17354 0 0 PHILLIPS VAN HEUSEN CORP COM 718592108 1760 27939 SH SOLE 27939 0 0 PRIVATEBANCORP INC COM 742962103 161 11184 SH SOLE 11184 0 0 POWERWAVE TECHNOLOGIES INC COM 739363109 70 27602 SH SOLE 27602 0 0 PENN WEST ENERGY TR TR UNIT COM 707885109 1991 83241 SH SOLE 83241 0 0 POWER ONE INC NEW COM 73930R102 450 44089 SH SOLE 44089 0 0 QUANTA SVCS INC COM 74762E102 2778 139456 SH SOLE 139456 0 0 PERFECT WORLD CO LTD SPON COM 71372U104 805 34034 SH SOLE 34034 0 0 PRAXAIR INC COM 74005P104 19987 209353 SH SOLE 209353 0 0 PRAXAIR INC OPTION 74005P104 286 520 SH CALL SOLE 520 0 0 PRAXAIR INC OPTION 74005P104 264 4777 SH PUT SOLE 4777 0 0 PIONEER NAT RES CO COM 723787107 32606 375556 SH SOLE 375556 0 0 PLAINS EXPL& PRODTN CO COM 726505100 3553 110551 SH SOLE 110551 0 0 PLAINS EXPL& PRODTN CO OPTION 726505100 376 1492 SH CALL SOLE 1492 0 0 PAPA JOHNS INTL INC COM 698813102 381 13747 SH SOLE 13747 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 11356 1492234 SH SOLE 1492234 0 0 QUALCOMM INC COM 747525103 84089 1699101 SH SOLE 1699101 0 0 QUALCOMM INC OPTION 747525103 1149 28167 SH PUT SOLE 28167 0 0 QUALCOMM INC OPTION 747525103 3239 8362 SH CALL SOLE 8362 0 0 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 179 12122 SH SOLE 12122 0 0 QEP RES INC COM 74733V100 3825 105351 SH SOLE 105351 0 0 QIAGEN N V COM N72482107 1057 54046 SH SOLE 54046 0 0 QLOGIC CORP COM 747277101 4246 249455 SH SOLE 249455 0 0 POWERSHARES QQQ TRUST UNIT SER COM 73935A104 330124 6061762 SH SOLE 6061762 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 4595 12750 SH CALL SOLE 12750 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 1952 68332 SH PUT SOLE 68332 0 0 QUEST SOFTWARE INC COM 74834T103 820 29567 SH SOLE 29567 0 0 QUALITY SYS INC COM 747582104 958 13722 SH SOLE 13722 0 0 QUANTUM CORP COM DSSG COM 747906204 171 45951 SH SOLE 45951 0 0 RYDER SYS INC COM 783549108 1155 21939 SH SOLE 21939 0 0 RITE AID CORP COM 767754104 9907 11217515 SH SOLE 11217515 0 0 RALCORP HLDGS INC NEW COM 751028101 1715 26373 SH SOLE 26373 0 0 REYNOLDS AMERICAN INC COM 761713106 8702 266754 SH SOLE 266754 0 0 REYNOLDS AMERICAN INC OPTION 761713106 877 1532 SH CALL SOLE 1532 0 0 RAM ENERGY RESOURCES INC COM 75130P109 22 12147 SH SOLE 12147 0 0 RAIT FINANCIAL TRUST COM 749227104 46 21032 SH SOLE 21032 0 0 RACKSPACE HOSTING INC COM 750086100 1254 39915 SH SOLE 39915 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 1237 53664 SH SOLE 53664 0 0 REGAL BELOIT CORP COM 758750103 583 8733 SH SOLE 8733 0 0 ROBBINS & MYERS INC COM 770196103 210 5865 SH SOLE 5865 0 0 ROGERS COMMUNICATIONS INC CL B COM 775109200 2604 75192 SH SOLE 75192 0 0 RENT A CTR INC NEW COM 76009N100 798 24714 SH SOLE 24714 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 3165 67331 SH SOLE 67331 0 0 ROYAL CARIBBEAN CRUISES LTD OPTION V7780T103 1831 1400 SH CALL SOLE 1400 0 0 ROWAN COS INC COM 779382100 2162 61932 SH SOLE 61932 0 0 RUDDICK CORP COM 781258108 608 16501 SH SOLE 16501 0 0 RADIAN GROUP INC COM 750236101 10188 1262411 SH SOLE 1262411 0 0 ROYAL DUTCH SHELL PLC SPONS COM 780259206 5297 79313 SH SOLE 79313 0 0 ROYAL DUTCH SHELL PLC SPON COM 780259107 609 9138 SH SOLE 9138 0 0 DR REDDYS LABS LTD COM 256135203 1144 30944 SH SOLE 30944 0 0 EVEREST RE GROUP LTD COM G3223R108 3432 40458 SH SOLE 40458 0 0 REGENCY CTRS CORP COM 758849103 3408 80676 SH SOLE 80676 0 0 REPSOL YPF S A COM 76026T205 3618 129474 SH SOLE 129474 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page37 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- RPC INC COM 749660106 243 13396 SH SOLE 13396 0 0 REX ENERGY CORPORATION COM 761565100 216 15798 SH SOLE 15798 0 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 8462 1208790 SH SOLE 1208790 0 0 RF MICRODEVICES INC COM 749941100 998 135848 SH SOLE 135848 0 0 REINSURANCE GROUP AMER INC COM 759351604 2133 39717 SH SOLE 39717 0 0 ROYAL GOLD INC COM 780287108 421 7701 SH SOLE 7701 0 0 REGIS CORP MINN COM 758932107 362 21802 SH SOLE 21802 0 0 ROBERT HALF INTL INC COM 770323103 1991 65056 SH SOLE 65056 0 0 RED HAT INC COM 756577102 8848 193821 SH SOLE 193821 0 0 TRANSOCEAN LTD REG SHS COM H8817H100 3497 50315 SH SOLE 50315 0 0 TRANSOCEAN INC BOND CV 893830AV1 308896 3136000 PRN SOLE 3136000 0 0 TRANSOCEAN LTD REG SHS OPTION H8817H100 246 3000 PRN CALL SOLE 3000 0 0 RIGEL PHARMACEUTICALS INC COM 766559603 83 11008 SH SOLE 11008 0 0 RESEARCH IN MOTION LTD COM 760975102 43409 746763 SH SOLE 746763 0 0 RESEARCH IN MOTION LTD OPTION 760975102 407 3001 SH CALL SOLE 3001 0 0 RESEARCH IN MOTION LTD OPTION 760975102 1711 10456 SH PUT SOLE 10456 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 82 11247 SH SOLE 11247 0 0 RAYMOND JAMES FINANCIAL INC COM 754730109 1787 54639 SH SOLE 54639 0 0 REGIONAL BK HOLDRS TR DEPOSITR COM 75902E100 76990 898580 SH SOLE 898580 0 0 ROCK-TENN CO COM 772739207 2986 55349 SH SOLE 55349 0 0 POLO RALPH LAUREN CORP COM 731572103 7014 63231 SH SOLE 63231 0 0 RLI CORP COM 749607107 275 5239 SH SOLE 5239 0 0 RAMBUS INC DEL COM 750917106 3195 156005 SH SOLE 156005 0 0 RESMED INC COM 761152107 1270 36649 SH SOLE 36649 0 0 RENAISSANCERE HOLDINGS LTD COM G7496G103 2169 34054 SH SOLE 34054 0 0 REALNETWORKS INC COM 75605L104 77 18291 SH SOLE 18291 0 0 ROCKWOOD HLDGS INC COM 774415103 437 11159 SH SOLE 11159 0 0 RETAIL OPPORTUNITY INVTS COR COM 76131N101 169 17038 SH SOLE 17038 0 0 ROCKWELL AUTOMATION INC COM 773903109 6743 94029 SH SOLE 94029 0 0 ROLLINS INC COM 775711104 474 24009 SH SOLE 24009 0 0 ROPER INDS INC NEW COM 776696106 5600 73265 SH SOLE 73265 0 0 ROSETTA RESOURCES INC COM 777779307 425 11288 SH SOLE 11288 0 0 ROSS STORES INC COM 778296103 6333 100126 SH SOLE 100126 0 0 ROVI CORP COM 779376102 1686 27183 SH SOLE 27183 0 0 RPM INTL INC COM 749685103 1442 65267 SH SOLE 65267 0 0 RAMCO-GERSHENSON PPTYS TR COM COM 751452202 187 14987 SH SOLE 14987 0 0 RANGE RES CORP COM 75281A109 5052 112317 SH SOLE 112317 0 0 DONNELLEY R R & SONS CO COM 257867101 2530 144828 SH SOLE 144828 0 0 RSC HOLDINGS INC COM 74972L102 103 10588 SH SOLE 10588 0 0 RELIANCE STEEL & ALUMINUM CO COM 759509102 1529 29920 SH SOLE 29920 0 0 REPUBLIC SVCS INC COM 760759100 10852 363429 SH SOLE 363429 0 0 RADIOSHACK CORP COM 750438103 1409 76183 SH SOLE 76183 0 0 RESOURCE CAP CORP COM 76120W302 75 10181 SH SOLE 10181 0 0 ROFIN SINAR TECHNOLOGIES INC COM 775043102 218 6162 SH SOLE 6162 0 0 MARKET VECTORS ETF TR RUSSIA E COM 57060U506 1346 35511 SH SOLE 35511 0 0 MARKET VECTORS ETF TR RUSSIA E OPTION 57060U506 1245 1500 SH CALL SOLE 1500 0 0 RUBY TUESDAY INC COM 781182100 184 14064 SH SOLE 14064 0 0 RETAIL HOLDRS TR DEP RCPT COM 76127U101 193294 1815310 SH SOLE 1815310 0 0 RTI INTL METALS INC COM 74973W107 577 21398 SH SOLE 21398 0 0 RTI BIOLOGICS INC COM 74975N105 32 12158 SH SOLE 12158 0 0 RENTECH INC COM 760112102 57 46698 SH SOLE 46698 0 0 RAYTHEON CO COM 755111507 8054 173809 SH SOLE 173809 0 0 RIVERBED TECHNOLOGY INC COM 768573107 1806 51350 SH SOLE 51350 0 0 ROYCE VALUE TR INC COM 780910105 255 17568 SH SOLE 17568 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page38 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- REDWOOD TR INC COM 758075402 256 17150 SH SOLE 17150 0 0 RYANAIR HLDGS PLC COM 783513104 527 17140 SH SOLE 17140 0 0 RYLAND GROUP INC COM 783764103 3340 196141 SH SOLE 196141 0 0 RAYONIER INC COM 754907103 3354 63870 SH SOLE 63870 0 0 SPRINT NEXTEL CORP COM SER 1 COM 852061100 14300 3380557 SH SOLE 3380557 0 0 SPRINT NEXTEL CORP COM SER 1 OPTION 852061100 942 17104 SH PUT SOLE 17104 0 0 SANDERSON FARMS INC COM 800013104 922 23550 SH SOLE 23550 0 0 SAIC INC COM 78390X101 1994 125740 SH SOLE 125740 0 0 BOSTON BEER INC COM 100557107 840 8833 SH SOLE 8833 0 0 SANMINA SCI CORP COM 800907206 195 16998 SH SOLE 16998 0 0 SAP AG SPON COM 803054204 1786 35293 SH SOLE 35293 0 0 SAPIENT CORP COM 803062108 268 22138 SH SOLE 22138 0 0 SATCON TECHNOLOGY CORP COM 803893106 112 24803 SH SOLE 24803 0 0 SBA COMMUNICATIONS CORP COM 78388J106 1551 37895 SH SOLE 37895 0 0 SALLY BEAUTY HLDGS INC COM 79546E104 297 20442 SH SOLE 20442 0 0 STERLING BANCSHARES INC COM 858907108 138 19598 SH SOLE 19598 0 0 SIGNATURE BK NEW YORK N Y COM 82669G104 447 8932 SH SOLE 8932 0 0 COMPANHIA DE SANEAMENTO BASI COM 20441A102 5655 106932 SH SOLE 106932 0 0 STARBUCKS CORP COM 855244109 29833 928509 SH SOLE 928509 0 0 SOUTHERN COPPER CORP COM 84265V105 18334 376159 SH SOLE 376159 0 0 SOUTHERN COPPER CORP OPTION 84265V105 2233 1365 SH CALL SOLE 1365 0 0 SCANA CORP NEW COM 80589M102 6148 151438 SH SOLE 151438 0 0 SCHOLASTIC CORP COM 807066105 310 10509 SH SOLE 10509 0 0 SCHNITZER STL INDS COM 806882106 665 10020 SH SOLE 10020 0 0 SCHNITZER STL INDS OPTION 806882106 458 250 SH CALL SOLE 250 0 0 SCHWAB CHARLES CORP NEW COM 808513105 39729 2321956 SH SOLE 2321956 0 0 SERVICE CORP INTL COM 817565104 490 59335 SH SOLE 59335 0 0 COMSCORE INC COM 20564W105 254 11356 SH SOLE 11356 0 0 SIMCERE PHARMACEUTICAL GROUP S COM 82859P104 400 35024 SH SOLE 35024 0 0 STEELCASE INC COM 858155203 174 16504 SH SOLE 16504 0 0 SELECT COMFORT CORP COM 81616X103 108 11791 SH SOLE 11791 0 0 SANDRIDGE ENERGY INC COM 80007P307 423 57768 SH SOLE 57768 0 0 PROSHARES TR PSHS ULSHT SP500 COM 74347R883 218 9177 SH SOLE 9177 0 0 SPECTRA ENERGY CORP COM 847560109 11747 470065 SH SOLE 470065 0 0 SEALED AIR CORP NEW COM 81211K100 1744 68518 SH SOLE 68518 0 0 SEI INVESTMENTS CO COM 784117103 2699 113454 SH SOLE 113454 0 0 SELECT MED HLDGS CORP COM 81619Q105 78 10617 SH SOLE 10617 0 0 STIFEL FINL CORP COM 860630102 454 7317 SH SOLE 7317 0 0 SMITHFIELD FOODS INC COM 832248108 6466 313418 SH SOLE 313418 0 0 STANCORP FINL GROUP INC COM 852891100 1142 25301 SH SOLE 25301 0 0 ISTAR FINL INC COM 45031U101 162 20753 SH SOLE 20753 0 0 SHIP FINANCE INTERNATIONAL L S COM G81075106 205 9504 SH SOLE 9504 0 0 SHUTTERFLY INC COM 82568P304 217 6219 SH SOLE 6219 0 0 SFN GROUP INC COM 784153108 107 11008 SH SOLE 11008 0 0 SUCCESSFACTORS INC COM 864596101 393 13577 SH SOLE 13577 0 0 SWIFT ENERGY CO COM 870738101 494 12617 SH SOLE 12617 0 0 SEATTLE GENETICS INC COM 812578102 270 18061 SH SOLE 18061 0 0 SINGAPORE FD INC COM 82929L109 504 33185 SH SOLE 33185 0 0 SCIENTIFIC GAMES CORP COM 80874P109 244 24465 SH SOLE 24465 0 0 STONE ENERGY CORP COM 861642106 373 16749 SH SOLE 16749 0 0 SHAW GROUP INC COM 820280105 807 23563 SH SOLE 23563 0 0 SHUFFLE MASTER INC COM 825549108 132 11530 SH SOLE 11530 0 0 SINOPEC SHANGHAI PETROCHEMIC S COM 82935M109 907 17590 SH SOLE 17590 0 0 SEARS HLDGS CORP COM 812350106 3296 44695 SH SOLE 44695 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page39 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SUNSTONE HOTEL INVS INC NEW COM 867892101 508 49176 SH SOLE 49176 0 0 MADDEN STEVEN LTD COM 556269108 590 14130 SH SOLE 14130 0 0 SHIRE PLC COM 82481R106 825 11397 SH SOLE 11397 0 0 SAUER-DANFOSS INC COM 804137107 853 30195 SH SOLE 30195 0 0 SHERWIN WILLIAMS CO COM 824348106 2825 33732 SH SOLE 33732 0 0 ISHARES TR BARCLYS 1-3 YR COM 464287457 2115 25179 SH SOLE 25179 0 0 SIEMENS A G COM 826197501 1871 15059 SH SOLE 15059 0 0 SIGMA ALDRICH CORP COM 826552101 8897 133662 SH SOLE 133662 0 0 COMPANHIA SIDERURGICA NACION COM 20440W105 28393 1703240 SH SOLE 1703240 0 0 COMPANHIA SIDERURGICA NACION OPTION 20440W105 1050 5600 SH PUT SOLE 5600 0 0 SIGNET JEWELERS LIMITED SHS COM G81276100 500 11529 SH SOLE 11529 0 0 SELECTIVE INS GROUP INC COM 816300107 208 11472 SH SOLE 11472 0 0 SILICON IMAGE INC COM 82705T102 119 16183 SH SOLE 16183 0 0 SIRIUS XM RADIO INC COM 82967N108 3154 1935038 SH SOLE 1935038 0 0 SIRIUS XM RADIO INC OPTION 82967N108 141 16238 SH PUT SOLE 16238 0 0 SIRONA DENTAL SYSTEMS INC COM 82966C103 302 7217 SH SOLE 7217 0 0 SVB FINL GROUP COM 78486Q101 840 15828 SH SOLE 15828 0 0 SOUTH JERSEY INDS INC COM 838518108 344 6510 SH SOLE 6510 0 0 SMUCKER J M CO COM 832696405 3318 50545 SH SOLE 50545 0 0 SHAW COMMUNICATIONS INC CL B C COM 82028K200 0 63634 SH SOLE 63634 0 0 SAKS INC COM 79377W108 679 63426 SH SOLE 63426 0 0 TANGER FACTORY OUTLET CTRS I COM 875465106 841 16421 SH SOLE 16421 0 0 SKECHERS U S A INC COM 830566105 353 17666 SH SOLE 17666 0 0 SKYWEST INC COM 830879102 191 12237 SH SOLE 12237 0 0 SILICON LABORATORIES INC COM 826919102 1123 24410 SH SOLE 24410 0 0 SCHLUMBERGER LTD COM 806857108 77477 927868 SH SOLE 927868 0 0 SCHLUMBERGER LTD OPTION 806857108 1843 13658 SH PUT SOLE 13658 0 0 SCHLUMBERGER LTD OPTION 806857108 751 495 SH CALL SOLE 495 0 0 SARA LEE CORP COM 803111103 8276 472654 SH SOLE 472654 0 0 SL GREEN RLTY CORP COM 78440X101 3939 58340 SH SOLE 58340 0 0 SILGAN HOLDINGS INC COM 827048109 966 26985 SH SOLE 26985 0 0 SOLERA HOLDINGS INC COM 83421A104 958 18673 SH SOLE 18673 0 0 SLM CORP COM 78442P106 7383 586385 SH SOLE 586385 0 0 RIVERSOURCE LASALLE INTL R/E COM 76932W102 2290 243581 SH SOLE 243581 0 0 STERLITE INDS INDIA LTD ADS COM 859737207 3161 191126 SH SOLE 191126 0 0 SOLTA MED INC COM 83438K103 40 13119 SH SOLE 13119 0 0 ISHARES SILVER TRUST ISHARES COM 46428Q109 3375 111833 SH SOLE 111833 0 0 ISHARES SILVER TRUST ISHARES OPTION 46428Q109 3798 3500 SH CALL SOLE 3500 0 0 SILVER WHEATON CORP COM 828336107 7212 184744 SH SOLE 184744 0 0 SALIX PHARMACEUTICALS INC COM 795435106 570 12137 SH SOLE 12137 0 0 SM ENERGY CO COM 78454L100 1182 20058 SH SOLE 20058 0 0 SMART BALANCE INC COM 83169Y108 60 13754 SH SOLE 13754 0 0 SCOTTS MIRACLE GRO CO COM 810186106 770 15171 SH SOLE 15171 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTCOM 816636203 48922 1503895 SH SOLE 1503895 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTOPTION 816636203 483 1400 SH CALL SOLE 1400 0 0 SEMICONDUCTOR MFG INTL CORP COM 81663N206 960 262402 SH SOLE 262402 0 0 SMART MODULAR TECHNOLOGIES I O COM G82245104 65 11270 SH SOLE 11270 0 0 SEMTECH CORP COM 816850101 743 32834 SH SOLE 32834 0 0 SNAP ON INC COM 833034101 2499 44176 SH SOLE 44176 0 0 SHANDA INTERACTIVE ENTMT LTD COM 81941Q203 1100 27745 SH SOLE 27745 0 0 SANDISK CORP COM 80004C101 12107 242812 SH SOLE 242812 0 0 SANDISK CORP OPTION 80004C101 1300 2050 SH CALL SOLE 2050 0 0 SANDISK CORP BOND CV 80004CAC5 144375 1500000 PRN SOLE 1500000 0 0 SENIOR HSG PPTYS TR SH BEN INT COM 81721M109 2968 135256 SH SOLE 135256 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page40 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SCRIPPS NETWORKS INTERACT IN COM 811065101 2463 47602 SH SOLE 47602 0 0 CHINA PETE & CHEM CORP SPON COM 16941R108 3475 36313 SH SOLE 36313 0 0 SYNOPSYS INC COM 871607107 2036 75650 SH SOLE 75650 0 0 SANTARUS INC COM 802817304 38 11696 SH SOLE 11696 0 0 SYNOVUS FINL CORP COM 87161C105 1119 423917 SH SOLE 423917 0 0 SYNOVUS FINL CORP UNIT 99/99/9 COM 87161C204 1786 71688 SH SOLE 71688 0 0 SOUTHERN CO COM 842587107 24218 633484 SH SOLE 633484 0 0 SOUTHERN CO OPTION 842587107 248 5475 SH CALL SOLE 5475 0 0 SOLUTIA INC COM 834376501 801 34702 SH SOLE 34702 0 0 SOHU COM INC OPTION 83408W103 327 584 SH CALL SOLE 584 0 0 SOHU COM INC OPTION 83408W103 266 1651 SH PUT SOLE 1651 0 0 RENESOLA LTD SPONS ADS COM 75971T103 551 63062 SH SOLE 63062 0 0 GT SOLAR INTL INC COM 3623E0209 123 13448 SH SOLE 13448 0 0 SONOCO PRODS CO COM 835495102 1176 34920 SH SOLE 34920 0 0 SONIC CORP COM 835451105 136 13418 SH SOLE 13418 0 0 S1 CORPORATION COM 78463B101 76 10957 SH SOLE 10957 0 0 SONUS NETWORKS INC COM 835916107 120 45044 SH SOLE 45044 0 0 DIREXION SHS ETF TR DLY SCOND COM 25459W458 7499 150000 SH SOLE 150000 0 0 ISHARES TR PHLX SOX SEMICND COM 464287523 22280 400000 SH SOLE 400000 0 0 STANDARD PAC CORP NEW COM 85375C101 4742 1030894 SH SOLE 1030894 0 0 SIMON PPTY GROUP INC NEW COM 828806109 36439 366254 SH SOLE 366254 0 0 SIMON PPTY GROUP INC NEW OPTION 828806109 487 513 SH CALL SOLE 513 0 0 STAPLES INC COM 855030102 9804 430554 SH SOLE 430554 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 1622 46366 SH SOLE 46366 0 0 SESI L L C BOND CV 78412FAH7 254688 2500000 PRN SOLE 2500000 0 0 SAPPI LTD SPON COM 803069202 340 66000 SH SOLE 66000 0 0 SPECTRUM PHARMACEUTICALS INC COM 84763A108 73 10599 SH SOLE 10599 0 0 SPREADTRUM COMMUNICATIONS IN COM 849415203 683 37184 SH SOLE 37184 0 0 SUPPORT COM INC COM 86858W101 66 10163 SH SOLE 10163 0 0 SPX CORP COM 784635104 2640 36924 SH SOLE 36924 0 0 SUNPOWER CORP COM COM 867652109 1229 95807 SH SOLE 95807 0 0 SPDR S&P 500 ETF TR TR UNIT COM 78462F103 2049767 16300331 SH SOLE 16300331 0 0 SPDR S&P 500 ETF TR TR UNIT OPTION 78462F103 3647 40831 SH PUT SOLE 40831 0 0 SPDR S&P 500 ETF TR TR UNIT OPTION 78462F103 12825 31370 SH CALL SOLE 31370 0 0 SOCIEDAD QUIMICA MINERA DE C S COM 833635105 4546 77820 SH SOLE 77820 0 0 SEQUENOM INC COM 817337405 163 20306 SH SOLE 20306 0 0 STERICYCLE INC COM 858912108 7554 93349 SH SOLE 93349 0 0 SEMPRA ENERGY COM 816851109 5441 103678 SH SOLE 103678 0 0 SRA INTL INC COM 78464R105 342 16717 SH SOLE 16717 0 0 SUNRISE SENIOR LIVING INC COM 86768K106 65 11969 SH SOLE 11969 0 0 SMURFIT-STONE CONTAINER CORP COM 83272A104 322 12591 SH SOLE 12591 0 0 SIMPSON MANUFACTURING CO INC COM 829073105 813 26318 SH SOLE 26318 0 0 SOVRAN SELF STORAGE INC COM 84610H108 416 11297 SH SOLE 11297 0 0 BANCO SANTANDER SA COM 05964H105 845 79318 SH SOLE 79318 0 0 STERIS CORP COM 859152100 934 25605 SH SOLE 25605 0 0 STEC INC COM 784774101 226 12804 SH SOLE 12804 0 0 STEWART ENTERPRISES INC COM 860370105 118 17638 SH SOLE 17638 0 0 STEMCELLS INC COM 85857R105 29 26454 SH SOLE 26454 0 0 SUNTRUST BKS INC COM 867914103 44160 1496437 SH SOLE 1496437 0 0 ST JUDE MED INC COM 790849103 7914 185126 SH SOLE 185126 0 0 STEEL DYNAMICS INC COM 858119100 4033 220388 SH SOLE 220388 0 0 STMICROELECTRONICS N V NY REGI COM 861012102 3239 310268 SH SOLE 310268 0 0 STATOIL ASA COM 85771P102 1030 43350 SH SOLE 43350 0 0 SUNTECH PWR HLDGS CO LTD COM 86800C104 3158 394208 SH SOLE 394208 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page41 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- QUESTAR CORP COM 748356102 2082 119562 SH SOLE 119562 0 0 STRAYER ED INC COM 863236105 594 3904 SH SOLE 3904 0 0 STATE STR CORP COM 857477103 28842 622406 SH SOLE 622406 0 0 STATE STR CORP OPTION 857477103 1118 2426 SH PUT SOLE 2426 0 0 STUDENT LN CORP COM 863902102 606 18676 SH SOLE 18676 0 0 CHINA DIGITAL TV HLDG CO LTD COM 16938G107 412 58123 SH SOLE 58123 0 0 STARWOOD PPTY TR INC COM 85571B105 219 10183 SH SOLE 10183 0 0 SEAGATE TECHNOLOGY PLC SHS COM G7945M107 3990 265463 SH SOLE 265463 0 0 CONSTELLATION BRANDS INC COM 21036P108 2080 93913 SH SOLE 93913 0 0 SUNCOR ENERGY INC NEW COM 867224107 14000 365621 SH SOLE 365621 0 0 SOUTHERN UN CO NEW COM 844030106 818 33993 SH SOLE 33993 0 0 SUN COMMUNITIES INC COM 866674104 247 7421 SH SOLE 7421 0 0 SUNOCO INC COM 86764P109 4487 111300 SH SOLE 111300 0 0 SUPERGEN INC COM 868059106 33 12762 SH SOLE 12762 0 0 CNA SURETY CORP COM 12612L108 4955 209250 SH SOLE 209250 0 0 SUSQUEHANNA BANCSHARES INC P COM 869099101 270 27846 SH SOLE 27846 0 0 7 DAYS GROUP HLDGS LTD COM 81783J101 466 21899 SH SOLE 21899 0 0 SAVIENT PHARMACEUTICALS INC COM 80517Q100 216 19432 SH SOLE 19432 0 0 SYNIVERSE HLDGS INC COM 87163F106 7114 230592 SH SOLE 230592 0 0 SUPERVALU INC COM 868536103 4264 442829 SH SOLE 442829 0 0 SUPERVALU INC OPTION 868536103 919 4108 SH PUT SOLE 4108 0 0 SAVVIS INC COM 805423308 207 8127 SH SOLE 8127 0 0 STILLWATER MNG CO COM 86074Q102 372 17429 SH SOLE 17429 0 0 SMITH & WESSON HLDG CORP COM 831756101 49 13217 SH SOLE 13217 0 0 SOLARWINDS INC COM 83416B109 347 18044 SH SOLE 18044 0 0 STANLEY BLACK & DECKER INC COM 854502101 30559 456990 SH SOLE 456990 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 1363 47623 SH SOLE 47623 0 0 SCHWEITZER-MAUDUIT INTL INC COM 808541106 248 3941 SH SOLE 3941 0 0 SOUTHWESTERN ENERGY CO COM 845467109 5359 143174 SH SOLE 143174 0 0 SOUTHWEST GAS CORP COM 844895102 363 9907 SH SOLE 9907 0 0 SAFEWAY INC COM 786514208 3554 158007 SH SOLE 158007 0 0 SENSIENT TECHNOLOGIES CORP COM 81725T100 853 23224 SH SOLE 23224 0 0 SYMETRA FINL CORP COM 87151Q106 188 13701 SH SOLE 13701 0 0 STRYKER CORP COM 863667101 25869 481729 SH SOLE 481729 0 0 SYKES ENTERPRISES INC COM 871237103 569 28076 SH SOLE 28076 0 0 SYMANTEC CORP COM 871503108 13871 828608 SH SOLE 828608 0 0 SYMANTEC CORP BOND CV 871503AF5 284062 2500000 PRN SOLE 2500000 0 0 SYNAPTICS INC COM 87157D109 932 31728 SH SOLE 31728 0 0 SYNTROLEUM CORP COM 871630109 28 15232 SH SOLE 15232 0 0 SYNGENTA AG COM 87160A100 4791 81507 SH SOLE 81507 0 0 SYSCO CORP COM 871829107 9885 336225 SH SOLE 336225 0 0 AT&T INC COM 00206R102 148690 5060922 SH SOLE 5060922 0 0 AT&T INC OPTION 00206R102 300 1000 SH CALL SOLE 1000 0 0 AT&T INC OPTION 00206R102 4781 58939 SH CALL SOLE 58939 0 0 AT&T INC OPTION 00206R102 9218 80622 SH PUT SOLE 80622 0 0 MOLSON COORS BREWING CO CL B COM 60871R209 6224 124018 SH SOLE 124018 0 0 TASER INTL INC COM 87651B104 64 13714 SH SOLE 13714 0 0 TRANSATLANTIC PETROLEUM LTD SHSCOM G89982105 106 31920 SH SOLE 31920 0 0 TIMBERLAND CO COM 887100105 387 15753 SH SOLE 15753 0 0 THOMPSON CREEK METALS CO INC COM 884768102 537 36507 SH SOLE 36507 0 0 TCF FINL CORP COM 872275102 1098 74165 SH SOLE 74165 0 0 TECK RESOURCES LTD CL B COM 878742204 9003 145610 SH SOLE 145610 0 0 TATA COMMUNICATIONS LTD SPONS COM 876564105 2051 180700 SH SOLE 180700 0 0 TAUBMAN CTRS INC COM 876664103 1597 31646 SH SOLE 31646 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page42 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TERADATA CORP DEL COM 88076W103 8706 211521 SH SOLE 211521 0 0 TRANSDIGM GROUP INC COM 893641100 271 3757 SH SOLE 3757 0 0 TELEPHONE & DATA SYS INC COM 879433100 1433 39200 SH SOLE 39200 0 0 TIDEWATER INC COM 886423102 662 12290 SH SOLE 12290 0 0 TELEDYNE TECHNOLOGIES INC COM 879360105 347 7892 SH SOLE 7892 0 0 TECO ENERGY INC COM 872375100 1652 92813 SH SOLE 92813 0 0 TECH DATA CORP COM 878237106 552 12540 SH SOLE 12540 0 0 TECHNE CORP COM 878377100 568 8642 SH SOLE 8642 0 0 TELEFONICA S A COM 879382208 267 3900 SH SOLE 3900 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 4694 96762 SH SOLE 96762 0 0 TYCO ELECTRONICS LTD SWITZER S COM H8912P106 4595 129793 SH SOLE 129793 0 0 TENNECO INC COM 880349105 564 13700 SH SOLE 13700 0 0 TELECOM ARGENTINA S A SPON COM 879273209 416 16700 SH SOLE 16700 0 0 TERADYNE INC COM 880770102 1369 97511 SH SOLE 97511 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 11454 219717 SH SOLE 219717 0 0 TEREX CORP NEW COM 880779103 812 26147 SH SOLE 26147 0 0 TAIWAN GREATER CHINA FD SH BEN COM 874037104 753 99021 SH SOLE 99021 0 0 TFS FINL CORP COM 87240R107 539 59797 SH SOLE 59797 0 0 TELEFLEX INC COM 879369106 509 9463 SH SOLE 9463 0 0 TRIUMPH GROUP INC NEW COM 896818101 329 3682 SH SOLE 3682 0 0 TARGET CORP COM 87612E106 21180 352229 SH SOLE 352229 0 0 TARGET CORP OPTION 87612E106 405 11605 SH PUT SOLE 11605 0 0 TARGET CORP OPTION 87612E106 1084 6388 SH CALL SOLE 6388 0 0 TENET HEALTHCARE CORP COM 88033G100 4033 602786 SH SOLE 602786 0 0 HANOVER INS GROUP INC COM 410867105 1157 24775 SH SOLE 24775 0 0 TIM HORTONS INC COM 88706M103 1646 39921 SH SOLE 39921 0 0 THOR INDS INC COM 885160101 326 9595 SH SOLE 9595 0 0 THORATEC CORP COM 885175307 386 13644 SH SOLE 13644 0 0 THQ INC COM 872443403 124 20533 SH SOLE 20533 0 0 THERAVANCE INC COM 88338T104 334 13342 SH SOLE 13342 0 0 TREEHOUSE FOODS INC COM 89469A104 395 7736 SH SOLE 7736 0 0 TELECOM ITALIA S P A NEW SPON COM 87927Y102 1570 121310 SH SOLE 121310 0 0 TIBCO SOFTWARE INC COM 88632Q103 1236 62687 SH SOLE 62687 0 0 TITANIUM METALS CORP COM 888339207 618 35944 SH SOLE 35944 0 0 TIFFANY & CO NEW COM 886547108 10229 164266 SH SOLE 164266 0 0 TIFFANY & CO NEW OPTION 886547108 201 628 SH CALL SOLE 628 0 0 TEMPLE INLAND INC COM 879868107 1747 82234 SH SOLE 82234 0 0 TIVO INC COM 888706108 213 24667 SH SOLE 24667 0 0 TJX COS INC NEW COM 872540109 8827 198860 SH SOLE 198860 0 0 TEKELEC COM 879101103 485 40758 SH SOLE 40758 0 0 TIMKEN CO COM 887389104 1167 24452 SH SOLE 24452 0 0 TELLABS INC COM 879664100 9237 1362375 SH SOLE 1362375 0 0 TALBOTS INC COM 874161102 127 14872 SH SOLE 14872 0 0 TALECRIS BIOTHERAPEUTICS HLD COM 874227101 316 13577 SH SOLE 13577 0 0 TALEO CORP COM 87424N104 392 14172 SH SOLE 14172 0 0 TALISMAN ENERGY INC COM 87425E103 8806 396864 SH SOLE 396864 0 0 TOYOTA MOTOR CORP SP COM 892331307 3637 46254 SH SOLE 46254 0 0 FISHER SCIENTIFIC INTL INC BOND CV 338032AX3 64088 459000 PRN SOLE 459000 0 0 TORCHMARK CORP COM 891027104 6090 101935 SH SOLE 101935 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 11518 208064 SH SOLE 208064 0 0 TERREMARK WORLDWIDE INC COM 881448203 163 12593 SH SOLE 12593 0 0 TELEFONOS DE MEXICO S A B SPON COM 879403780 2671 165474 SH SOLE 165474 0 0 THOMAS & BETTS CORP COM 884315102 609 12601 SH SOLE 12601 0 0 TELE NORTE LESTE PART S A SPON COM 879246106 5914 402344 SH SOLE 402344 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page43 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TEEKAY TANKERS LTD COM Y8565N102 725 58727 SH SOLE 58727 0 0 TODD SHIPYARDS CORP DEL COM 889039103 261 11659 SH SOLE 11659 0 0 TOLL BROTHERS INC COM 889478103 3326 175063 SH SOLE 175063 0 0 TOMOTHERAPY INC COM 890088107 38 10657 SH SOLE 10657 0 0 TOTAL S A COM 89151E109 3151 58916 SH SOLE 58916 0 0 TEMPUR PEDIC INTL INC COM 88023U101 949 23687 SH SOLE 23687 0 0 TORTOISE PWR & ENERGY INFRAS COM 89147X104 291 11887 SH SOLE 11887 0 0 TRIQUINT SEMICONDUCTOR INC COM 89674K103 454 38794 SH SOLE 38794 0 0 TOOTSIE ROLL INDS INC COM 890516107 267 9223 SH SOLE 9223 0 0 TRANSATLANTIC HLDGS INC COM 893521104 2623 50816 SH SOLE 50816 0 0 THOMSON REUTERS CORP COM 884903105 7795 209157 SH SOLE 209157 0 0 TRIDENT MICROSYSTEMS INC COM 895919108 28 15678 SH SOLE 15678 0 0 TRUE RELIGION APPAREL INC COM 89784N104 491 22074 SH SOLE 22074 0 0 TRIMBLE NAVIGATION LTD COM 896239100 1453 36398 SH SOLE 36398 0 0 TRUSTMARK CORP COM 898402102 739 29733 SH SOLE 29733 0 0 TRINITY INDS INC COM 896522109 497 18663 SH SOLE 18663 0 0 PRICE T ROWE GROUP INC COM 74144T108 16022 248247 SH SOLE 248247 0 0 TRANSCANADA CORP COM 89353D107 7185 188877 SH SOLE 188877 0 0 TRUSTCO BK CORP N Y COM 898349105 106 16685 SH SOLE 16685 0 0 TRAVELERS COMPANIES INC COM 89417E109 25791 462954 SH SOLE 462954 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1963 37249 SH SOLE 37249 0 0 TRW AUTOMOTIVE HLDGS CORP OPTION 87264S106 415 2000 SH CALL SOLE 2000 0 0 TENARIS S A COM 88031M109 2866 58518 SH SOLE 58518 0 0 TRACTOR SUPPLY CO COM 892356106 899 18530 SH SOLE 18530 0 0 TRINA SOLAR LIMITED SPON COM 89628E104 2507 107065 SH SOLE 107065 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 178 14215 SH SOLE 14215 0 0 TYSON FOODS INC COM 902494103 5680 329830 SH SOLE 329830 0 0 TESORO CORP COM 881609101 2858 154155 SH SOLE 154155 0 0 TESORO CORP OPTION 881609101 688 1516 SH CALL SOLE 1516 0 0 TELECOMUNICACOES DE SAO PAUL S COM 87929A102 265 10832 SH SOLE 10832 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 549 24772 SH SOLE 24772 0 0 TOTAL SYS SVCS INC COM 891906109 3392 220571 SH SOLE 220571 0 0 TELECOMMUNICATION SYS INC COM 87929J103 519 111204 SH SOLE 111204 0 0 TORO CO COM 891092108 692 11227 SH SOLE 11227 0 0 TELETECH HOLDINGS INC COM 879939106 316 15346 SH SOLE 15346 0 0 TETRA TECH INC NEW COM 88162G103 3965 158233 SH SOLE 158233 0 0 T-3 ENERGY SRVCS INC COM 87306E107 511 12842 SH SOLE 12842 0 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 197 16637 SH SOLE 16637 0 0 TATA MTRS LTD COM 876568502 5108 174101 SH SOLE 174101 0 0 TTM TECHNOLOGIES INC COM 87305R109 314 21051 SH SOLE 21051 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 202 16473 SH SOLE 16473 0 0 TELUS CORP NON-VTG SHS COM 87971M202 0 82387 SH SOLE 82387 0 0 TUPPERWARE BRANDS CORP COM 899896104 1088 22815 SH SOLE 22815 0 0 ISHARES INC MSCI TURKEY FD COM 464286715 411 6200 SH SOLE 6200 0 0 GRUPO TELEVISA SA DE CV SP COM 40049J206 3830 147718 SH SOLE 147718 0 0 TOWERS WATSON & CO COM 891894107 556 10674 SH SOLE 10674 0 0 TIME WARNER CABLE INC COM 88732J207 13924 210874 SH SOLE 210874 0 0 TOWER GROUP INC COM 891777104 202 7898 SH SOLE 7898 0 0 TITAN INTL INC ILL COM 88830M102 262 13403 SH SOLE 13403 0 0 TW TELECOM INC COM 87311L104 1031 60456 SH SOLE 60456 0 0 TIME WARNER INC COM 887317303 22003 683963 SH SOLE 683963 0 0 TEXAS INDS INC COM 882491103 205 4484 SH SOLE 4484 0 0 TEXAS INSTRS INC COM 882508104 20271 623734 SH SOLE 623734 0 0 TEXAS INSTRS INC OPTION 882508104 2188 3694 SH CALL SOLE 3694 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page44 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TEXAS ROADHOUSE INC COM 882681109 213 12433 SH SOLE 12433 0 0 TEXTRON INC COM 883203101 3782 160002 SH SOLE 160002 0 0 TYCO INTERNATIONAL LTD SHS COM H89128104 15825 381887 SH SOLE 381887 0 0 DIREXION SHS ETF TR DLY TECH B COM 25459W102 9100 200000 SH SOLE 200000 0 0 UNDER ARMOUR INC COM 904311107 888 16198 SH SOLE 16198 0 0 UNITED CONTL HLDGS INC COM 910047109 2982 125189 SH SOLE 125189 0 0 UNIVERSAL AMERICAN CORP COM 913377107 392 19175 SH SOLE 19175 0 0 URSTADT BIDDLE PPTYS INS COM 917286205 208 10708 SH SOLE 10708 0 0 UBS AG SHS COM H89231338 2685 163023 SH SOLE 163023 0 0 UNITED BANKSHARES INC WEST V COM 909907107 461 15798 SH SOLE 15798 0 0 UNITED CMNTY BKS BLAIRSVLE G C COM 90984P105 37 18735 SH SOLE 18735 0 0 UDR INC COM 902653104 3147 133800 SH SOLE 133800 0 0 UNITED DOMINION REALTY TR IN BOND CV 910197AM4 596487 5950000 PRN SOLE 5950000 0 0 URANIUM ENERGY CORP COM 916896103 75 12469 SH SOLE 12469 0 0 DOMTAR CORP COM 257559203 1013 13347 SH SOLE 13347 0 0 UGI CORP NEW COM 902681105 820 25972 SH SOLE 25972 0 0 UNIVERSAL HLTH SVCS INC CL B COM 913903100 985 22696 SH SOLE 22696 0 0 UIL HLDG CORP COM 902748102 327 10929 SH SOLE 10929 0 0 UNISYS CORP COM 909214306 5870 226741 SH SOLE 226741 0 0 UNILEVER PLC SPON COM 904767704 448 14509 SH SOLE 14509 0 0 ULTA SALON COSMETCS & FRAG I COM 90384S303 247 7255 SH SOLE 7255 0 0 ULTIMATE SOFTWARE GROUP INC COM 90385D107 257 5295 SH SOLE 5295 0 0 UMB FINL CORP COM 902788108 287 6914 SH SOLE 6914 0 0 UMPQUA HLDGS CORP COM 904214103 299 24583 SH SOLE 24583 0 0 UNILEVER N V N Y SHS COM 904784709 593 18892 SH SOLE 18892 0 0 UNITED NAT FOODS INC COM 911163103 414 11281 SH SOLE 11281 0 0 UNITED STATES NATL GAS FUND UN COM 912318102 23741 3962476 SH SOLE 3962476 0 0 UNITED STATES NATL GAS FUND UN OPTION 912318102 5808 27206 SH PUT SOLE 27206 0 0 UNITEDHEALTH GROUP INC COM 91324P102 27553 763042 SH SOLE 763042 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 780 2250 SH CALL SOLE 2250 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 523 3450 SH PUT SOLE 3450 0 0 UNUM GROUP COM 91529Y106 5392 222614 SH SOLE 222614 0 0 UNION PAC CORP COM 907818108 31950 344812 SH SOLE 344812 0 0 UNION PAC CORP OPTION 907818108 934 7385 SH PUT SOLE 7385 0 0 UNISOURCE ENERGY CORP COM 909205106 569 15870 SH SOLE 15870 0 0 UNIT CORP COM 909218109 500 10750 SH SOLE 10750 0 0 UNITED ONLINE INC COM 911268100 123 18615 SH SOLE 18615 0 0 ULTRA PETROLEUM CORP COM 903914109 2201 46065 SH SOLE 46065 0 0 UNITED PARCEL SERVICE INC CL B COM 911312106 45326 624491 SH SOLE 624491 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 907 13997 SH PUT SOLE 13997 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 4367 7029 SH CALL SOLE 7029 0 0 URBAN OUTFITTERS INC COM 917047102 5471 152775 SH SOLE 152775 0 0 PROSHARES TR ULT R/EST COM 74347X625 3698 73060 SH SOLE 73060 0 0 UNITED RENTALS INC COM 911363109 524 23015 SH SOLE 23015 0 0 UNITED RENTALS INC OPTION 911363109 281 2725 SH CALL SOLE 2725 0 0 URS CORP NEW COM 903236107 1654 39751 SH SOLE 39751 0 0 US BANCORP DEL COM 902973304 50116 1858196 SH SOLE 1858196 0 0 US BANCORP DEL OPTION 902973304 1269 7046 SH CALL SOLE 7046 0 0 US BANCORP DEL OPTION 902973304 1078 28866 SH PUT SOLE 28866 0 0 UNITED STATES OIL FUND LP UNITSCOM 91232N108 21177 542989 SH SOLE 542989 0 0 UNITED STATES OIL FUND LP UNITSOPTION 91232N108 975 7491 SH PUT SOLE 7491 0 0 UNITED STATIONERS INC COM 913004107 337 5275 SH SOLE 5275 0 0 USEC INC COM 90333E108 235 39113 SH SOLE 39113 0 0 USEC INC BOND CV 90333EAC2 5040 56000 PRN SOLE 56000 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page45 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- REAVES UTIL INCOME FD COM SH B COM 756158101 254 11349 SH SOLE 11349 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 720 11383 SH SOLE 11383 0 0 UNITED THERAPEUTICS CORP DEL BOND CV 91307CAD4 1954392 11616000 PRN SOLE 11616000 0 0 UNITRIN INC COM 913275103 691 28159 SH SOLE 28159 0 0 UTSTARCOM INC COM 918076100 48 23497 SH SOLE 23497 0 0 UNITED TECHNOLOGIES CORP COM 913017109 48988 622311 SH SOLE 622311 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 1701 17567 SH PUT SOLE 17567 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 1082 1783 SH CALL SOLE 1783 0 0 UNIVERSAL CORP VA COM 913456109 964 23682 SH SOLE 23682 0 0 US GOLD CORPORATION PAR $0.10 COM 912023207 195 24204 SH SOLE 24204 0 0 VISA INC COM COM 92826C839 10385 147563 SH SOLE 147563 0 0 VALSPAR CORP COM 920355104 821 23818 SH SOLE 23818 0 0 VALE S A COM 91912E105 107298 3103788 SH SOLE 3103788 0 0 VALE S A OPTION 91912E105 2665 6288 SH CALL SOLE 6288 0 0 VALE S A OPTION 91912E105 3597 43234 SH PUT SOLE 43234 0 0 VALE S A COM 91912E204 59297 1962193 SH SOLE 1962193 0 0 VARIAN MED SYS INC COM 92220P105 9460 136543 SH SOLE 136543 0 0 VALASSIS COMMUNICATIONS INC COM 918866104 836 25835 SH SOLE 25835 0 0 VALUECLICK INC COM 92046N102 694 43303 SH SOLE 43303 0 0 VEECO INSTRS INC DEL COM 922417100 848 19744 SH SOLE 19744 0 0 V F CORP COM 918204108 6195 71883 SH SOLE 71883 0 0 VONAGE HLDGS CORP COM 92886T201 51 22931 SH SOLE 22931 0 0 VIACOM INC NEW CL B COM 92553P201 12195 307886 SH SOLE 307886 0 0 VICAL INC COM 925602104 32 15716 SH SOLE 15716 0 0 VIMPELCOM LTD COM 92719A106 7726 513681 SH SOLE 513681 0 0 VANCEINFO TECHNOLOGIES INC COM 921564100 982 28435 SH SOLE 28435 0 0 ORTHOVITA INC COM 68750U102 30 14988 SH SOLE 14988 0 0 VIVO PARTICIPACOES S A SPON COM 92855S200 328 10072 SH SOLE 10072 0 0 MERIDIAN BIOSCIENCE INC COM 589584101 203 8763 SH SOLE 8763 0 0 VALERO ENERGY CORP NEW COM 91913Y100 9216 398614 SH SOLE 398614 0 0 VALERO ENERGY CORP NEW OPTION 91913Y100 1758 6231 SH CALL SOLE 6231 0 0 VALLEY NATL BANCORP COM 919794107 1447 101207 SH SOLE 101207 0 0 VULCAN MATLS CO COM 929160109 6708 151220 SH SOLE 151220 0 0 VIRGIN MEDIA INC COM 92769L101 3749 137612 SH SOLE 137612 0 0 VALMONT INDS INC COM 920253101 9222 103938 SH SOLE 103938 0 0 VMWARE INC COM 928563402 10547 118628 SH SOLE 118628 0 0 VMWARE INC OPTION 928563402 245 350 SH PUT SOLE 350 0 0 VORNADO RLTY TR SH BEN INT COM 929042109 19563 234762 SH SOLE 234762 0 0 VODAFONE GROUP PLC NEW SPONS COM 92857W209 6558 248016 SH SOLE 248016 0 0 VOLCANO CORPORATION COM 928645100 293 10745 SH SOLE 10745 0 0 VIROPHARMA INC COM 928241108 352 20337 SH SOLE 20337 0 0 VISTAPRINT N V SHS COM N93540107 243 5292 SH SOLE 5292 0 0 VENOCO INC COM 92275P307 214 11579 SH SOLE 11579 0 0 VALIDUS HOLDINGS LTD COM SHS COM G9319H102 1333 43562 SH SOLE 43562 0 0 VECTOR GROUP LTD DBCV 6/1 BOND CV 92240MAL2 578750 5000000 PRN SOLE 5000000 0 0 VERIGY LTD SHS COM Y93691106 1029 79000 SH SOLE 79000 0 0 VERINT SYS INC COM 92343X100 298 9400 SH SOLE 9400 0 0 VERISK ANALYTICS INC COM 92345Y106 1899 55715 SH SOLE 55715 0 0 VERISIGN INC COM 92343E102 6721 205730 SH SOLE 205730 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 3249 92757 SH SOLE 92757 0 0 PHARMASSET INC COM 71715N106 274 6298 SH SOLE 6298 0 0 VALEANT PHARMACEUTICALS INTL COM 91911K102 1105 39065 SH SOLE 39065 0 0 VIASAT INC COM 92552V100 318 7152 SH SOLE 7152 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 235 6348 SH SOLE 6348 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page46 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- VISHAY INTERTECHNOLOGY INC COM 928298108 672 45774 SH SOLE 45774 0 0 VANTAGE DRILLING COMPANY ORD S COM G93205113 66 32681 SH SOLE 32681 0 0 VENTAS INC COM 92276F100 7801 148652 SH SOLE 148652 0 0 VANGUARD INDEX FDS GROWTH ETF COM 922908736 3354 54609 SH SOLE 54609 0 0 VECTREN CORP COM 92240G101 579 22813 SH SOLE 22813 0 0 VIVUS INC COM 928551100 164 17456 SH SOLE 17456 0 0 BARCLAYS BK PLC IPTH S&P VIX COM 06740C261 2633 70000 SH SOLE 70000 0 0 BARCLAYS BK PLC IPTH S&P VIX OPTION 06740C261 396 9675 SH CALL SOLE 9675 0 0 BARCLAYS BK PLC IPTH S&P VIX OPTION 06740C261 7850 5000 SH PUT SOLE 5000 0 0 BARCLAYS BK PLC IPATH S&P MT E COM 06740C519 36514 555260 SH SOLE 555260 0 0 BARCLAYS BK PLC IPATH S&P MT E OPTION 06740C519 1970 8500 SH CALL SOLE 8500 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 56534 1580034 SH SOLE 1580034 0 0 VERIZON COMMUNICATIONS INC OPTION 92343V104 4184 17386 SH CALL SOLE 17386 0 0 VERIZON COMMUNICATIONS INC OPTION 92343V104 4872 30047 SH PUT SOLE 30047 0 0 WABTEC CORP COM 929740108 615 11633 SH SOLE 11633 0 0 WESTAMERICA BANCORPORATION COM 957090103 674 12149 SH SOLE 12149 0 0 WALGREEN CO COM 931422109 20816 534282 SH SOLE 534282 0 0 WALGREEN CO OPTION 931422109 656 4791 SH PUT SOLE 4791 0 0 WALGREEN CO OPTION 931422109 5252 6301 SH CALL SOLE 6301 0 0 WESTERN ALLIANCE BANCORP COM 957638109 104 14151 SH SOLE 14151 0 0 WATERS CORP COM 941848103 9373 120619 SH SOLE 120619 0 0 WAVE SYSTEMS CORP COM 943526301 68 17198 SH SOLE 17198 0 0 WABCO HLDGS INC COM 92927K102 434 7128 SH SOLE 7128 0 0 WIMM BILL DANN FOODS OJSC COM 97263M109 6858 207993 SH SOLE 207993 0 0 WEBMD HEALTH CORP COM 94770V102 260 5093 SH SOLE 5093 0 0 WEBSTER FINL CORP CONN COM 947890109 521 26466 SH SOLE 26466 0 0 WEST COAST BANCORP ORE NEW COM 952145100 53 18955 SH SOLE 18955 0 0 WESCO INTL INC COM 95082P105 207 3925 SH SOLE 3925 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 492 16288 SH SOLE 16288 0 0 WASTE CONNECTIONS INC COM 941053100 3092 112322 SH SOLE 112322 0 0 WARNER CHILCOTT PLC IRELAND SH COM G94368100 1435 63613 SH SOLE 63613 0 0 WESTERN DIGITAL CORP COM 958102105 8956 264201 SH SOLE 264201 0 0 WESTERN DIGITAL CORP OPTION 958102105 330 816 SH CALL SOLE 816 0 0 WADDELL & REED FINL INC COM 930059100 1908 54063 SH SOLE 54063 0 0 WISCONSIN ENERGY CORP COM 976657106 6013 102163 SH SOLE 102163 0 0 WENDYS ARBYS GROUP INC COM 950587105 346 74848 SH SOLE 74848 0 0 WERNER ENTERPRISES INC COM 950755108 413 18266 SH SOLE 18266 0 0 WELLS FARGO & CO NEW COM 949746101 192935 6225704 SH SOLE 6225704 0 0 WELLS FARGO & CO NEW OPTION 949746101 7443 25772 SH CALL SOLE 25772 0 0 WELLS FARGO & CO NEW OPTION 949746101 9230 59906 SH PUT SOLE 59906 0 0 WHOLE FOODS MKT INC COM 966837106 10922 215885 SH SOLE 215885 0 0 MEMC ELECTR MATLS INC COM 552715104 2357 209366 SH SOLE 209366 0 0 WASHINGTON FED INC COM 938824109 1094 64628 SH SOLE 64628 0 0 WEATHERFORD INTERNATIONAL LT R COM H27013103 18782 823762 SH SOLE 823762 0 0 WEATHERFORD INTERNATIONAL LT R OPTION H27013103 480 3000 SH CALL SOLE 3000 0 0 WEATHERFORD INTERNATIONAL LT R OPTION H27013103 337 5874 SH PUT SOLE 5874 0 0 WILLBROS GROUP INC DEL COM 969203108 102 10420 SH SOLE 10420 0 0 WGL HLDGS INC COM 92924F106 878 24559 SH SOLE 24559 0 0 WOODWARD GOVERNOR CO COM 980745103 1902 50643 SH SOLE 50643 0 0 WHIRLPOOL CORP COM 963320106 5378 60542 SH SOLE 60542 0 0 WHIRLPOOL CORP OPTION 963320106 300 429 SH CALL SOLE 429 0 0 WINDSTREAM CORP COM 97381W104 5320 381637 SH SOLE 381637 0 0 WINN DIXIE STORES INC COM 974280307 87 12061 SH SOLE 12061 0 0 WIPRO LTD SPON COM 97651M109 6197 400550 SH SOLE 400550 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page47 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- WILMINGTON TRUST CORP COM 971807102 369 84921 SH SOLE 84921 0 0 WESTLAKE CHEM CORP COM 960413102 206 4729 SH SOLE 4729 0 0 WHITING PETE CORP NEW COM 966387102 1270 10836 SH SOLE 10836 0 0 WELLPOINT INC COM 94973V107 15223 267722 SH SOLE 267722 0 0 WELLPOINT INC OPTION 94973V107 675 1410 SH PUT SOLE 1410 0 0 WALTER ENERGY INC COM 93317Q105 1370 10717 SH SOLE 10717 0 0 WASTE MGMT INC DEL COM 94106L109 11853 321480 SH SOLE 321480 0 0 WILLIAMS COS INC DEL COM 969457100 9307 376495 SH SOLE 376495 0 0 WMS INDS INC COM 929297109 625 13813 SH SOLE 13813 0 0 WAL MART STORES INC COM 931142103 86032 1595253 SH SOLE 1595253 0 0 WAL MART STORES INC OPTION 931142103 1918 17682 SH CALL SOLE 17682 0 0 WAL MART STORES INC OPTION 931142103 4275 32368 SH PUT SOLE 32368 0 0 WABASH NATL CORP COM 929566107 171 14446 SH SOLE 14446 0 0 WESTERN REFNG INC COM 959319104 115 10835 SH SOLE 10835 0 0 VCA ANTECH INC COM 918194101 968 41557 SH SOLE 41557 0 0 WORTHINGTON INDS INC COM 981811102 394 21440 SH SOLE 21440 0 0 WATSON PHARMACEUTICALS INC COM 942683103 5325 103096 SH SOLE 103096 0 0 WASHINGTON POST CO CL B COM 939640108 1041 2368 SH SOLE 2368 0 0 WAUSAU PAPER CORP COM 943315101 88 10230 SH SOLE 10230 0 0 WPP PLC COM 92933H101 223 3600 SH SOLE 3600 0 0 WESTAR ENERGY INC COM 95709T100 687 27293 SH SOLE 27293 0 0 BERKLEY W R CORP COM 084423102 2489 90893 SH SOLE 90893 0 0 WARNACO GROUP INC COM 934390402 1115 20241 SH SOLE 20241 0 0 WASHINGTON REAL ESTATE INVT SH COM 939653101 803 25900 SH SOLE 25900 0 0 WARREN RES INC COM 93564A100 70 15410 SH SOLE 15410 0 0 WEINGARTEN RLTY INVS SH BEN INTCOM 948741103 2086 87780 SH SOLE 87780 0 0 WILLIS GROUP HOLDINGS PUBLIC S COM G96666105 1423 41084 SH SOLE 41084 0 0 WILLIAMS SONOMA INC COM 969904101 852 23877 SH SOLE 23877 0 0 WATSCO INC COM 942622200 1067 16914 SH SOLE 16914 0 0 WEST PHARMACEUTICAL SVSC INC COM 955306105 299 7252 SH SOLE 7252 0 0 WINTRUST FINANCIAL CORP COM 97650W108 248 7495 SH SOLE 7495 0 0 WHITE MTNS INS GROUP LTD COM G9618E107 1581 4710 SH SOLE 4710 0 0 WHITNEY HLDG CORP COM 966612103 293 20740 SH SOLE 20740 0 0 AQUA AMERICA INC COM 03836W103 6836 304087 SH SOLE 304087 0 0 WATTS WATER TECHNOLOGIES INC COM 942749102 3802 103896 SH SOLE 103896 0 0 WET SEAL INC COM 961840105 80 21607 SH SOLE 21607 0 0 WEIGHT WATCHERS INTL INC NEW COM 948626106 1131 30179 SH SOLE 30179 0 0 WESTERN UN CO COM 959802109 11736 632000 SH SOLE 632000 0 0 WOLVERINE WORLD WIDE INC COM 978097103 346 10840 SH SOLE 10840 0 0 WUXI PHARMATECH CAYMAN INC SPO COM 929352102 1461 90524 SH SOLE 90524 0 0 WRIGHT EXPRESS CORP COM 98233Q105 383 8326 SH SOLE 8326 0 0 WEYERHAEUSER CO COM 962166104 8868 468454 SH SOLE 468454 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 4939 164850 SH SOLE 164850 0 0 WYNN RESORTS LTD COM 983134107 11368 109475 SH SOLE 109475 0 0 UNITED STATES STL CORP NEW COM 912909108 26952 461356 SH SOLE 461356 0 0 UNITED STATES STL CORP NEW OPTION 912909108 924 7456 SH PUT SOLE 7456 0 0 UNITED STATES STL CORP NEW OPTION 912909108 4029 3878 SH CALL SOLE 3878 0 0 EXCO RESOURCES INC COM 269279402 1267 65220 SH SOLE 65220 0 0 CIMAREX ENERGY CO COM 171798101 8041 90830 SH SOLE 90830 0 0 XCEL ENERGY INC COM 98389B100 6461 274372 SH SOLE 274372 0 0 SPDR SERIES TRUST S&P HOMEBUILDCOM 78464A888 14242 818960 SH SOLE 818960 0 0 SPDR SERIES TRUST S&P HOMEBUILDOPTION 78464A888 399 6443 SH CALL SOLE 6443 0 0 EXIDE TECHNOLOGIES COM 302051206 170 18028 SH SOLE 18028 0 0 XL GROUP PLC SHS COM G98290102 5306 243194 SH SOLE 243194 0 0 Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Dec 31,2010 Page48 of 49 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 - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SELECT SECTOR SPDR TR SBI MATE COM 81369Y100 63205 1645544 SH SOLE 1645544 0 0 SELECT SECTOR SPDR TR SBI MATE OPTION 81369Y100 335 12646 SH PUT SOLE 12646 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y506 93202 1365598 SH SOLE 1365598 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 390 2124 SH CALL SOLE 2124 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 3965 34004 SH PUT SOLE 34004 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 183225 11487465 SH SOLE 11487465 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 6240 74501 SH CALL SOLE 74501 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 9741 163962 SH PUT SOLE 163962 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y704 133630 3832233 SH SOLE 3832233 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y704 388 1250 SH CALL SOLE 1250 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y704 2860 21849 SH PUT SOLE 21849 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y803 52411 2080625 SH SOLE 2080625 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y803 7029 70386 SH PUT SOLE 70386 0 0 XILINX INC COM 983919101 9859 340203 SH SOLE 340203 0 0 XILINX INC SDCV 3.125% 3/1 BOND CV 983919AD3 147680 1420000 PRN SOLE 1420000 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y308 33975 1159156 SH SOLE 1159156 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y308 432 13218 SH CALL SOLE 13218 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y308 1566 35215 SH PUT SOLE 35215 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y886 18107 577765 SH SOLE 577765 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y886 823 13691 SH PUT SOLE 13691 0 0 SELECT SECTOR SPDR TR SBI HEAL COM 81369Y209 87925 2791263 SH SOLE 2791263 0 0 SELECT SECTOR SPDR TR SBI HEAL OPTION 81369Y209 1698 9418 SH CALL SOLE 9418 0 0 SELECT SECTOR SPDR TR SBI HEAL OPTION 81369Y209 2672 28862 SH PUT SOLE 28862 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y407 89834 2401346 SH SOLE 2401346 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y407 728 1500 SH CALL SOLE 1500 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y407 3511 44274 SH PUT SOLE 44274 0 0 EXXON MOBIL CORP COM 30231G102 253540 3467455 SH SOLE 3467455 0 0 EXXON MOBIL CORP OPTION 30231G102 5699 58171 SH PUT SOLE 58171 0 0 EXXON MOBIL CORP OPTION 30231G102 20343 36356 SH CALL SOLE 36356 0 0 SPDR SERIES TRUST S&P OILGAS E COM 78464A730 105500 2000000 SH SOLE 2000000 0 0 EXETER RES CORP COM 301835104 454 73029 SH SOLE 73029 0 0 DENTSPLY INTL INC NEW COM 249030107 3604 105464 SH SOLE 105464 0 0 SPDR SERIES TRUST S&P RETAIL E COM 78464A714 53970 1116000 SH SOLE 1116000 0 0 XYRATEX LTD COM G98268108 297 18224 SH SOLE 18224 0 0 XEROX CORP COM 984121103 15888 1379185 SH SOLE 1379185 0 0 XEROX CORP OPTION 984121103 320 3200 SH PUT SOLE 3200 0 0 SPDR SERIES TRUST S&P SEMICNDC COM 78464A862 10920 200000 SH SOLE 200000 0 0 ALLEGHANY CORP DEL COM 017175100 751 2452 SH SOLE 2452 0 0 YINGLI GREEN ENERGY HLDG CO COM 98584B103 2695 272814 SH SOLE 272814 0 0 YAHOO INC COM 984332106 17617 1059347 SH SOLE 1059347 0 0 YAHOO INC OPTION 984332106 7547 17374 SH PUT SOLE 17374 0 0 U STORE IT TR COM 91274F104 345 36189 SH SOLE 36189 0 0 YUM BRANDS INC COM 988498101 17273 352143 SH SOLE 352143 0 0 YANZHOU COAL MNG CO LTD SPON COM 984846105 2156 70459 SH SOLE 70459 0 0 ZEBRA TECHNOLOGIES CORP COM 989207105 519 13666 SH SOLE 13666 0 0 ZIONS BANCORPORATION COM 989701107 3675 151670 SH SOLE 151670 0 0 ZIX CORP COM 98974P100 54 12720 SH SOLE 12720 0 0 ZALICUS INC COM 98887C105 23 14506 SH SOLE 14506 0 0 ZIMMER HLDGS INC COM 98956P102 12213 227506 SH SOLE 227506 0 0 CHINA SOUTHN AIRLS LTD SPON COM 169409109 833 27302 SH SOLE 27302 0 0 QUIKSILVER INC COM 74838C106 142 28081 SH SOLE 28081 0 0 ZORAN CORP COM 98975F101 98 11177 SH SOLE 11177 0 0 SEALY CORP COM 812139301 31 10599 SH SOLE 10599 0 0
-----END PRIVACY-ENHANCED MESSAGE-----