0001166588-11-000002.txt : 20110516 0001166588-11-000002.hdr.sgml : 20110516 20110516162406 ACCESSION NUMBER: 0001166588-11-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 EFFECTIVENESS DATE: 20110516 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: 11847278 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:Mar 31,2011 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 10019 13F File Number: 028 - 10038 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: M. Andrews Yeo Title: COO, EQ&D, BNP Paribas Securities Corp. Phone: (917) 472-4991 Signature ,Place, and Date of Signing: M. Andrews Yeo New York, NY 2011/05/16 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: 2,365 Form 13F Information Table Value Total: $101,956,531 (x$1,000) List of Other Included Managers: No. 13F File Number Name **NONE**

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page 1 of 45 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 134328 1301000 PRN SOLE 1301000 0 0 ALLEGHENY TECHNOLOGIES INC BOND CV 01741RAD4 153715 874000 PRN SOLE 874000 0 0 ALLIANT TECHSYSTEMS INC BOND CV 018804AK0 310023 2793000 PRN SOLE 2793000 0 0 ALLIANT TECHSYSTEMS INC BOND CV 018804AN4 18437 183000 PRN SOLE 183000 0 0 AMERIGROUP CORP BOND CV 03073TAB8 104226 679000 PRN SOLE 679000 0 0 ANNALY CAP MGMT INC BOND CV 035710AA0 464500 4000000 PRN SOLE 4000000 0 0 ARCELORMITTAL SA LUXEMBOURG BOND CV 03938LAK0 2175000 15000000 PRN SOLE 15000000 0 0 ARVINMERITOR INC BOND CV 043353AF8 905743 8060000 PRN SOLE 8060000 0 0 ARVINMERITOR INC BOND CV 043353AH4 258003 2616000 PRN SOLE 2616000 0 0 BECKMAN COULTER INC BOND CV 075811AD1 66856 563000 PRN SOLE 563000 0 0 BEST BUY INC SDCV 2.250% 1/1 BOND CV 086516AF8 11391 111000 PRN SOLE 111000 0 0 BIOMARIN PHARMACEUTICAL INC BOND CV 09061GAC5 439313 2750000 PRN SOLE 2750000 0 0 CAL DIVE INTL INC BOND CV 127914AB5 10038 100000 PRN SOLE 100000 0 0 CAMERON INTERNATIONAL CORP BOND CV 13342BAB1 430387 2667000 PRN SOLE 2667000 0 0 CEPHALON INC BOND CV 156708AR0 640686 5367000 PRN SOLE 5367000 0 0 CHENIERE ENERGY INC BOND CV 16411RAE9 1285944 15827000 PRN SOLE 15827000 0 0 CUBIST PHARMACEUTICALS INC BOND CV 229678AC1 324 3000 PRN SOLE 3000 0 0 D R HORTON INC BOND CV 23331ABB4 1083000 9500000 PRN SOLE 9500000 0 0 DANAHER CORP DEL BOND CV 235851AF9 231150 1541000 PRN SOLE 1541000 0 0 DRYSHIPS INC. BOND CV 262498AB4 190238 1900000 PRN SOLE 1900000 0 0 EASTMAN KODAK CO BOND CV 277461BJ7 465767 5226000 PRN SOLE 5226000 0 0 EXTERRAN HLDGS INC BOND CV 30225XAA1 523110 4240000 PRN SOLE 4240000 0 0 FORD MTR CO DEL BOND CV 345370CN8 848250 4680000 PRN SOLE 4680000 0 0 GENCO SHIPPING & TRADING LTD BOND CV 36869MAA3 298992 3185000 PRN SOLE 3185000 0 0 GENERAL CABLE CORP DEL NEW BOND CV 369300AL2 666011 4770000 PRN SOLE 4770000 0 0 GILEAD SCIENCES INC BOND CV 375558AG8 327000 3000000 PRN SOLE 3000000 0 0 GOLDCORP INC NEW BOND CV 380956AB8 118192 927000 PRN SOLE 927000 0 0 GOODRICH PETE CORP BOND CV 382410AB4 10403 103000 PRN SOLE 103000 0 0 GOODRICH PETE CORP BOND CV 382410AC2 777693 7662000 PRN SOLE 7662000 0 0 HEALTH CARE REIT INC BOND CV 42217KAR7 229750 2022000 PRN SOLE 2022000 0 0 HERCULES OFFSHORE INC BOND CV 427093AD1 1984 21000 PRN SOLE 21000 0 0 HERTZ GLOBAL HOLDINGS INC BOND CV 42805TAA3 3627000 18000000 PRN SOLE 18000000 0 0 HOLOGIC INC BOND CV 436440AB7 112382 924000 PRN SOLE 924000 0 0 INCYTE CORP BOND CV 45337CAJ1 1014667 5067000 PRN SOLE 5067000 0 0 INGERSOLL-RAND GLOBAL HLDG C BOND CV 45687AAD4 2036250 7500000 PRN SOLE 7500000 0 0 INVACARE CORP SDCV 4.125% 2/0 BOND CV 461203AD3 136375 1000000 PRN SOLE 1000000 0 0 INVITROGEN CORP BOND CV 46185RAM2 129794 1168000 PRN SOLE 1168000 0 0 LIBERTY GLOBAL INC BOND CV 530555AB7 3740000 22000000 PRN SOLE 22000000 0 0 MF GLOBAL LTD BOND CV 55276YAB2 20174 169000 PRN SOLE 169000 0 0 MF GLOBAL HLDGS LTD BOND CV 55277JAA6 862050 8400000 PRN SOLE 8400000 0 0 MGIC INVT CORP WIS BOND CV 552848AD5 1179681 10798000 PRN SOLE 10798000 0 0 MACROVISION CORP BOND CV 555904AB7 948750 5000000 PRN SOLE 5000000 0 0 MICROCHIP TECHNOLOGY INC SDCV BOND CV 595017AB0 53868 395000 PRN SOLE 395000 0 0 MICRON TECHNOLOGY INC BOND CV 595112AJ2 176625 750000 PRN SOLE 750000 0 0 MYLAN INC BOND CV 628530AJ6 2851065 15516000 PRN SOLE 15516000 0 0 NAVISTAR INTL CORP NEW BOND CV 63934EAL2 377500 2500000 PRN SOLE 2500000 0 0 NETAPP INC BOND CV 64110DAB0 1420804 8957000 PRN SOLE 8957000 0 0 NEWMONT MINING CORP BOND CV 651639AH9 994469 7541000 PRN SOLE 7541000 0 0 NEWMONT MINING CORP BOND CV 651639AJ5 356113 2633000 PRN SOLE 2633000 0 0 NEWMONT MINING CORP BOND CV 651639AK2 111965 914000 PRN SOLE 914000 0 0 NORTHGATE MINERALS CORP BOND CV 666416AB8 181436 1835000 PRN SOLE 1835000 0 0 OIL STS INTL INC BOND CV 678026AB1 240750 1000000 PRN SOLE 1000000 0 0 OLD REP INTL CORP BOND CV 680223AF1 360 3000 PRN SOLE 3000 0 0 OMNICARE INC BOND CV 681904AN8 902125 7000000 PRN SOLE 7000000 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page2 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ON SEMICONDUCTOR CORP BOND CV 682189AG0 269765 2291000 PRN SOLE 2291000 0 0 PHH CORP BOND CV 693320AH6 46736 400000 PRN SOLE 400000 0 0 PMI GROUP INC BOND CV 69344MAK7 26454 343000 PRN SOLE 343000 0 0 PROLOGIS BOND CV 743410AQ5 117605 1179000 PRN SOLE 1179000 0 0 PROLOGIS BOND CV 743410AY8 586875 5000000 PRN SOLE 5000000 0 0 RADIAN GROUP INC BOND CV 750236AK7 54600 600000 PRN SOLE 600000 0 0 RAYONIER TRS HLDGS INC BOND CV 75508AAB2 182809 1525000 PRN SOLE 1525000 0 0 REGIS CORP MINN BOND CV 758932AA5 133875 1000000 PRN SOLE 1000000 0 0 ROPER INDS INC NEW BOND CV 776696AA4 26781 250000 PRN SOLE 250000 0 0 SBA COMMUNICATIONS CORP BOND CV 78388JAM8 1825000 12500000 PRN SOLE 12500000 0 0 SBA COMMUNICATIONS CORP BOND CV 78388JAN6 114000 1000000 PRN SOLE 1000000 0 0 SVB FINL GROUP BOND CV 78486QAB7 612750 6000000 PRN SOLE 6000000 0 0 SALIX PHARMACEUTICALS INC BOND CV 795435AC0 641983 5965000 PRN SOLE 5965000 0 0 SANDISK CORP BOND CV 80004CAD3 907359 8012000 PRN SOLE 8012000 0 0 SAVIENT PHARMACEUTICALS INC BOND CV 80517QAA8 175875 1500000 PRN SOLE 1500000 0 0 SOTHEBYS BOND CV 835898AC1 246563 1500000 PRN SOLE 1500000 0 0 STERLITE INDS INDIA LTD BOND CV 859737AB4 84560 828000 PRN SOLE 828000 0 0 TECH DATA CORP DBCV 2.750%12/1 BOND CV 878237AE6 581850 5400000 PRN SOLE 5400000 0 0 TELEFLEX INC BOND CV 879369AA4 468407 4159000 PRN SOLE 4159000 0 0 TEVA PHARMACEUTICAL FIN LLC DB BOND CV 88163VAE9 50439 441000 PRN SOLE 441000 0 0 TEXTRON INC BOND CV 883203BN0 256800 1200000 PRN SOLE 1200000 0 0 THORATEC CORP BOND CV 885175AB5 422813 5500000 PRN SOLE 5500000 0 0 TRIUMPH GROUP INC NEW BOND CV 896818AB7 1966500 12000000 PRN SOLE 12000000 0 0 UNITED DOMINION REALTY TR IN BOND CV 910197AK8 501250 5000000 PRN SOLE 5000000 0 0 UNITED STATES STL CORP NEW BOND CV 912909AE8 1914938 10500000 PRN SOLE 10500000 0 0 VIRGIN MEDIA INC BOND CV 92769LAB7 1524375 9000000 PRN SOLE 9000000 0 0 VORNADO RLTY L P DEB 3.875% 4/1BOND CV 929043AC1 31478 282000 PRN SOLE 282000 0 0 WESCO INTL INC DBCV 6.000% 9/1 BOND CV 95082PAH8 1425000 6000000 PRN SOLE 6000000 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 1078 24080 SH SOLE 24080 0 0 ALCOA INC COM 013817101 19900 1126845 SH SOLE 1126845 0 0 ALCOA INC OPTION 013817101 313 18750 SH PUT SOLE 18750 0 0 ALCOA INC OPTION 013817101 1560 2000 SH CALL SOLE 2000 0 0 AIRTRAN HLDGS INC COM 00949P108 1402 188255 SH SOLE 188255 0 0 AARONS INC PAR $0.50 COM 002535300 322 12709 SH SOLE 12709 0 0 ADVANCE AUTO PARTS INC COM 00751Y106 2347 35772 SH SOLE 35772 0 0 APPLE INC COM 037833100 750064 2152217 SH SOLE 2152217 0 0 APPLE INC OPTION 037833100 28175 32322 SH PUT SOLE 32322 0 0 APPLE INC OPTION 037833100 16083 6872 SH CALL SOLE 6872 0 0 ATLAS AIR WORLDWIDE HLDGS IN COM 049164205 280 4013 SH SOLE 4013 0 0 ALLIANCEBERNSTEIN HOLDING LP U COM 01881G106 222 10205 SH SOLE 10205 0 0 ADVANCED BATTERY TECHNOLOG I COM 00752H102 22 11092 SH SOLE 11092 0 0 ABB LTD COM 000375204 4584 189508 SH SOLE 189508 0 0 AMERISOURCEBERGEN CORP COM 03073E105 1480 37423 SH SOLE 37423 0 0 ABM INDS INC COM 000957100 213 8379 SH SOLE 8379 0 0 ABBOTT LABS COM 002824100 51215 1044140 SH SOLE 1044140 0 0 ABBOTT LABS OPTION 002824100 2460 8796 SH CALL SOLE 8796 0 0 ABBOTT LABS OPTION 002824100 2205 8194 SH PUT SOLE 8194 0 0 COMPANHIA DE BEBIDAS DAS AME S COM 20441W203 23261 821670 SH SOLE 821670 0 0 ABOVENET INC COM 00374N107 230 3546 SH SOLE 3546 0 0 BARRICK GOLD CORP COM 067901108 4400 84760 SH SOLE 84760 0 0 AMERICAN CAP LTD COM 02503Y103 544 54858 SH SOLE 54858 0 0 AMERICAN CAMPUS CMNTYS INC COM 024835100 505 15314 SH SOLE 15314 0 0 ACE LTD SHS COM H0023R105 1128 17430 SH SOLE 17430 0 0 ARCH CAP GROUP LTD COM G0450A105 36646 369452 SH SOLE 369452 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page3 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ALUMINUM CORP CHINA LTD SPON COM 022276109 1006 42501 SH SOLE 42501 0 0 ARCH COAL INC COM 039380100 3262 90506 SH SOLE 90506 0 0 ACI WORLDWIDE INC COM 004498101 333 10148 SH SOLE 10148 0 0 AXCELIS TECHNOLOGIES INC COM 054540109 45 16985 SH SOLE 16985 0 0 AECOM TECHNOLOGY CORP DELAWA COM 00766T100 749 26999 SH SOLE 26999 0 0 ACCENTURE PLC IRELAND SHS CLAS COM G1151C101 8686 158020 SH SOLE 158020 0 0 ACACIA RESH CORP ACACIA TCH COM 003881307 244 7105 SH SOLE 7105 0 0 ALBERTO CULVER CO NEW COM 013078100 12321 330587 SH SOLE 330587 0 0 ACXIOM CORP COM 005125109 330 22978 SH SOLE 22978 0 0 ALLIANCE DATA SYSTEMS CORP BOND CV 018581AD0 273010 2268000 PRN SOLE 2268000 0 0 ADOBE SYS INC COM 00724F101 14202 428290 SH SOLE 428290 0 0 ANALOG DEVICES INC COM 032654105 1270 32259 SH SOLE 32259 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 29447 817739 SH SOLE 817739 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 8098 157819 SH SOLE 157819 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 3335 38833 SH SOLE 38833 0 0 AUTODESK INC COM 052769106 751 17034 SH SOLE 17034 0 0 ADTRAN INC COM 00738A106 2948 69423 SH SOLE 69423 0 0 ADVENT SOFTWARE INC COM 007974108 278 9706 SH SOLE 9706 0 0 ADAMS EXPRESS CO COM 006212104 1448 127322 SH SOLE 127322 0 0 ASSOCIATED ESTATES RLTY CORP COM 045604105 161 10130 SH SOLE 10130 0 0 AMEREN CORP COM 023608102 249 8879 SH SOLE 8879 0 0 AEGON N V NY REGISTRY SH COM 007924103 979 130497 SH SOLE 130497 0 0 AGNICO EAGLE MINES LTD COM 008474108 2443 36816 SH SOLE 36816 0 0 AGNICO EAGLE MINES LTD OPTION 008474108 321 600 SH PUT SOLE 600 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 773 48674 SH SOLE 48674 0 0 AMERICAN ELEC PWR INC COM 025537101 2533 72087 SH SOLE 72087 0 0 APPLIED ENERGETICS INC COM 03819M106 12 17651 SH SOLE 17651 0 0 AES CORP COM 00130H105 2699 207592 SH SOLE 207592 0 0 AETNA INC NEW COM 00817Y108 1383 36952 SH SOLE 36952 0 0 ASTORIA FINL CORP COM 046265104 360 25056 SH SOLE 25056 0 0 AFFYMETRIX INC COM 00826T108 59 11373 SH SOLE 11373 0 0 AMERICAN FINL GROUP INC OHIO COM 025932104 850 24258 SH SOLE 24258 0 0 AFLAC INC COM 001055102 7524 142559 SH SOLE 142559 0 0 AFLAC INC OPTION 001055102 694 1817 SH PUT SOLE 1817 0 0 AGCO CORP COM 001084102 7190 130802 SH SOLE 130802 0 0 ISHARES TR BARCLY USAGG B COM 464287226 2721 25886 SH SOLE 25886 0 0 AGL RES INC COM 001204106 619 15530 SH SOLE 15530 0 0 ALLERGAN INC COM 018490102 3960 55761 SH SOLE 55761 0 0 ALLERGAN INC BOND CV 018490AL6 4320590 38663000 PRN SOLE 38663000 0 0 AMERICAN CAPITAL AGENCY CORP COM 02503X105 747 25650 SH SOLE 25650 0 0 ASSURED GUARANTY LTD COM G0585R106 1034 69386 SH SOLE 69386 0 0 AMERIGROUP CORP COM 03073T102 1016 15811 SH SOLE 15811 0 0 AGRIUM INC COM 008916108 5911 64074 SH SOLE 64074 0 0 ASPEN INSURANCE HOLDINGS LTD S COM G05384105 677 24581 SH SOLE 24581 0 0 ASHFORD HOSPITALITY TR INC COM COM 044103109 122 11069 SH SOLE 11069 0 0 AMERICAN INTL GROUP INC COM 026874784 6640 188947 SH SOLE 188947 0 0 AMERICAN INTL GROUP INC OPTION 026874784 442 1004 SH PUT SOLE 1004 0 0 AMERICAN INTL GROUP INC *W EXP COM 026874156 391 35135 SH SOLE 35135 0 0 APOLLO INVT CORP COM 03761U106 1050 87031 SH SOLE 87031 0 0 ANTARES PHARMA INC COM 036642106 24 13133 SH SOLE 13133 0 0 APPLIED INDL TECHNOLOGIES IN COM 03820C105 232 6970 SH SOLE 6970 0 0 APARTMENT INVT & MGMT CO COM 03748R101 214 8408 SH SOLE 8408 0 0 ASSURANT INC COM 04621X108 1375 35711 SH SOLE 35711 0 0 GALLAGHER ARTHUR J & CO COM 363576109 1003 32974 SH SOLE 32974 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page4 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AKAMAI TECHNOLOGIES INC COM 00971T101 5223 137453 SH SOLE 137453 0 0 AK STL HLDG CORP COM 001547108 16037 1016313 SH SOLE 1016313 0 0 ALBEMARLE CORP COM 012653101 2136 35738 SH SOLE 35738 0 0 ALCOA INC BOND CV 013817AT8 4231125 15044000 PRN SOLE 15044000 0 0 ALEXANDER & BALDWIN INC COM 014482103 432 9467 SH SOLE 9467 0 0 ALIGN TECHNOLOGY INC COM 016255101 835 40778 SH SOLE 40778 0 0 ALASKA AIR GROUP INC COM 011659109 956 15076 SH SOLE 15076 0 0 ALKERMES INC COM 01642T108 200 15418 SH SOLE 15418 0 0 ALLSTATE CORP COM 020002101 2358 74205 SH SOLE 74205 0 0 ALERE INC COM 01449J105 243 6219 SH SOLE 6219 0 0 ALTERRA CAPITAL HOLDINGS LIM COM G0229R108 260 11675 SH SOLE 11675 0 0 ALLOS THERAPEUTICS INC COM 019777101 40 12650 SH SOLE 12650 0 0 ALTERA CORP COM 021441100 1529 34743 SH SOLE 34743 0 0 ALCATEL-LUCENT COM 013904305 1453 250036 SH SOLE 250036 0 0 AUTOLIV INC COM 052800109 3850 51867 SH SOLE 51867 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 3777 38275 SH SOLE 38275 0 0 AMERICAN GREETINGS CORP COM 026375105 280 11868 SH SOLE 11868 0 0 APPLIED MATLS INC COM 038222105 4748 303949 SH SOLE 303949 0 0 AMB PROPERTY CORP COM 00163T109 3593 99889 SH SOLE 99889 0 0 APPLIED MICRO CIRCUITS CORP COM 03822W406 112 10775 SH SOLE 10775 0 0 ADVANCED MICRO DEVICES INC COM 007903107 11912 1385133 SH SOLE 1385133 0 0 ADVANCED MICRO DEVICES INC BOND CV 007903AL1 25472 247000 PRN SOLE 247000 0 0 AMETEK INC NEW COM 031100100 2516 57362 SH SOLE 57362 0 0 AMEDISYS INC COM 023436108 480 13721 SH SOLE 13721 0 0 AFFILIATED MANAGERS GROUP COM 008252108 3219 29434 SH SOLE 29434 0 0 AMGEN INC COM 031162100 25131 470183 SH SOLE 470183 0 0 AMGEN INC OPTION 031162100 481 3353 SH CALL SOLE 3353 0 0 AMGEN INC OPTION 031162100 1246 6526 SH PUT SOLE 6526 0 0 AMKOR TECHNOLOGY INC COM 031652100 2237 331868 SH SOLE 331868 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 1362 119766 SH SOLE 119766 0 0 AMYLIN PHARMACEUTICALS INC BOND CV 032346AF5 671746 7811000 PRN SOLE 7811000 0 0 AMERICAN MED SYS HLDGS INC COM 02744M108 294 13577 SH SOLE 13577 0 0 AMERICAN MED SYS HLDGS INC BOND CV 02744MAB4 1469875 11000000 PRN SOLE 11000000 0 0 AMERIPRISE FINL INC COM 03076C106 1974 32321 SH SOLE 32321 0 0 AMR CORP COM 001765106 4544 703469 SH SOLE 703469 0 0 AMR CORP OPTION 001765106 330 4850 SH PUT SOLE 4850 0 0 AMERICAN SUPERCONDUCTOR CORP COM 030111108 2893 116342 SH SOLE 116342 0 0 AMERICAN TOWER CORP COM 029912201 3047 58792 SH SOLE 58792 0 0 TD AMERITRADE HLDG CORP COM 87236Y108 3303 158278 SH SOLE 158278 0 0 AMERICA MOVIL SAB DE CV SPON COM 02364W105 7139 122870 SH SOLE 122870 0 0 AMAZON COM INC COM 023135106 19812 109988 SH SOLE 109988 0 0 AMAZON COM INC OPTION 023135106 5447 6577 SH PUT SOLE 6577 0 0 AMAZON COM INC OPTION 023135106 11108 4427 SH CALL SOLE 4427 0 0 AUTONATION INC COM 05329W102 254 7189 SH SOLE 7189 0 0 ANADIGICS INC COM 032515108 47 10526 SH SOLE 10526 0 0 ABERCROMBIE & FITCH CO COM 002896207 4160 70865 SH SOLE 70865 0 0 ABERCROMBIE & FITCH CO OPTION 002896207 388 775 SH CALL SOLE 775 0 0 ANWORTH MORTGAGE ASSET CP COM 037347101 135 18993 SH SOLE 18993 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 4916 82800 SH SOLE 82800 0 0 ALPHA NATURAL RESOURCES INC BOND CV 02076XAA0 19992 147000 PRN SOLE 147000 0 0 ANSYS INC COM 03662Q105 1127 20793 SH SOLE 20793 0 0 ALLIED NEVADA GOLD CORP COM 019344100 430 12112 SH SOLE 12112 0 0 AEGEAN MARINE PETROLEUM NETW S COM Y0017S102 460 56324 SH SOLE 56324 0 0 ALPINE TOTAL DYNAMIC DIVID F C COM 021060108 154 25000 SH SOLE 25000 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page5 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ALLIANCE ONE INTL INC COM 018772103 58 14304 SH SOLE 14304 0 0 AOL INC COM 00184X105 954 48844 SH SOLE 48844 0 0 AON CORP COM 037389103 1692 31951 SH SOLE 31951 0 0 A123 SYS INC COM 03739T108 75 11826 SH SOLE 11826 0 0 SMITH A O COM 831865209 260 5874 SH SOLE 5874 0 0 APACHE CORP COM 037411105 7439 56823 SH SOLE 56823 0 0 APACHE CORP OPTION 037411105 809 1864 SH PUT SOLE 1864 0 0 APACHE CORP OPTION 037411105 1010 440 SH CALL SOLE 440 0 0 ANADARKO PETE CORP COM 032511107 4056 49510 SH SOLE 49510 0 0 ANADARKO PETE CORP OPTION 032511107 506 1229 SH PUT SOLE 1229 0 0 AIR PRODS & CHEMS INC COM 009158106 4692 52024 SH SOLE 52024 0 0 AMPHENOL CORP NEW COM 032095101 5445 100115 SH SOLE 100115 0 0 ACME PACKET INC COM 004764106 527 7433 SH SOLE 7433 0 0 APOLLO GROUP INC COM 037604105 8503 203856 SH SOLE 203856 0 0 ARIBA INC COM 04033V203 488 14301 SH SOLE 14301 0 0 ARES CAP CORP COM 04010L103 1493 88104 SH SOLE 88104 0 0 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1789 22951 SH SOLE 22951 0 0 AIRGAS INC COM 009363102 1423 21430 SH SOLE 21430 0 0 ARIAD PHARMACEUTICALS INC COM 04033A100 152 20235 SH SOLE 20235 0 0 ARENA PHARMACEUTICALS INC COM 040047102 26 19009 SH SOLE 19009 0 0 AEROPOSTALE COM 007865108 1193 49038 SH SOLE 49038 0 0 ARRIS GROUP INC COM 04269Q100 263 20628 SH SOLE 20628 0 0 ARUBA NETWORKS INC COM 043176106 474 14018 SH SOLE 14018 0 0 ARROW ELECTRS INC COM 042735100 2529 60394 SH SOLE 60394 0 0 ASSOCIATED BANC CORP COM 045487105 799 53832 SH SOLE 53832 0 0 ASCENT MEDIA CORP COM SER A COM 043632108 287 5865 SH SOLE 5865 0 0 LIBERTY ALL-STAR GROWTH FD I COM 529900102 545 118174 SH SOLE 118174 0 0 ASHLAND INC NEW COM 044209104 2811 48660 SH SOLE 48660 0 0 ASM INTL N V NY REGISTER SH COM N07045102 4070 102804 SH SOLE 102804 0 0 ASML HOLDING N V NY REG SHS COM N07059186 1627 36562 SH SOLE 36562 0 0 ASCENA RETAIL GROUP INC COM 04351G101 669 20634 SH SOLE 20634 0 0 GRUPO AEROPORTUARIO DEL SURE S COM 40051E202 4821 82025 SH SOLE 82025 0 0 ATHENAHEALTH INC COM 04685W103 411 9112 SH SOLE 9112 0 0 ATHEROS COMMUNICATIONS INC COM 04743P108 4144 92787 SH SOLE 92787 0 0 ALLEGHENY TECHNOLOGIES INC OPTION 01741R102 2870 1000 SH CALL SOLE 1000 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 406 5752 SH SOLE 5752 0 0 ATMEL CORP COM 049513104 486 35631 SH SOLE 35631 0 0 ATMOS ENERGY CORP COM 049560105 626 18361 SH SOLE 18361 0 0 APTARGROUP INC COM 038336103 562 11208 SH SOLE 11208 0 0 ACTUANT CORP COM 00508X203 866 29852 SH SOLE 29852 0 0 ACTIVISION BLIZZARD INC COM 00507V109 5561 506923 SH SOLE 506923 0 0 ATWOOD OCEANICS INC COM 050095108 756 16281 SH SOLE 16281 0 0 ANGLOGOLD ASHANTI LTD COM 035128206 419 8732 SH SOLE 8732 0 0 ANGLOGOLD ASHANTI HLDGS FIN MA COM 03512Q206 3231 60010 SH SOLE 60010 0 0 AU OPTRONICS CORP COM 002255107 4160 473800 SH SOLE 473800 0 0 YAMANA GOLD INC COM 98462Y100 443 36000 SH SOLE 36000 0 0 AVISTA CORP COM 05379B107 207 8948 SH SOLE 8948 0 0 AVALONBAY CMNTYS INC COM 053484101 595 4952 SH SOLE 4952 0 0 AVAGO TECHNOLOGIES LTD SHS COM Y0486S104 1904 61226 SH SOLE 61226 0 0 AVI BIOPHARMA INC COM 002346104 33 17940 SH SOLE 17940 0 0 AVALON RARE METALS INC COM 053470100 676 83581 SH SOLE 83581 0 0 AVANIR PHARMACEUTICALS INC COM 05348P401 59 14526 SH SOLE 14526 0 0 AVIAT NETWORKS INC COM 05366Y102 63 12271 SH SOLE 12271 0 0 AVON PRODS INC COM 054303102 6820 252206 SH SOLE 252206 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page6 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AVNET INC COM 053807103 4338 127252 SH SOLE 127252 0 0 AVERY DENNISON CORP COM 053611109 1600 38132 SH SOLE 38132 0 0 ALLIED WRLD ASSUR COM HLDG A S COM H01531104 534 8521 SH SOLE 8521 0 0 AMERICAN WTR WKS CO INC NEW COM 030420103 4399 156832 SH SOLE 156832 0 0 ABRAXAS PETE CORP COM 003830106 73 12459 SH SOLE 12459 0 0 ANIXTER INTL INC COM 035290105 320 4575 SH SOLE 4575 0 0 ANIXTER INTL INC BOND CV 035290AJ4 49322 393000 PRN SOLE 393000 0 0 AMERICAN EXPRESS CO COM 025816109 27140 600433 SH SOLE 600433 0 0 AMERICAN EXPRESS CO OPTION 025816109 1995 12011 SH PUT SOLE 12011 0 0 AMERICAN EXPRESS CO OPTION 025816109 322 1200 SH CALL SOLE 1200 0 0 AXIS CAPITAL HOLDINGS SHS COM G0692U109 1864 53384 SH SOLE 53384 0 0 ACUITY BRANDS INC COM 00508Y102 763 13046 SH SOLE 13046 0 0 AURIZON MINES LTD COM 05155P106 284 40400 SH SOLE 40400 0 0 ASTRAZENECA PLC COM 046353108 758 16437 SH SOLE 16437 0 0 AUTOZONE INC COM 053332102 1349 4933 SH SOLE 4933 0 0 ASPEN TECHNOLOGY INC COM 045327103 487 32491 SH SOLE 32491 0 0 BOEING CO COM 097023105 29282 396074 SH SOLE 396074 0 0 BOEING CO OPTION 097023105 1293 9535 SH PUT SOLE 9535 0 0 BOEING CO OPTION 097023105 257 726 SH CALL SOLE 726 0 0 BANK OF AMERICA CORPORATION COM 060505104 880451 66050362 SH SOLE 66050362 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 8476 191724 SH CALL SOLE 191724 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 116327 549747 SH PUT SOLE 549747 0 0 BRASKEM S A SP COM 105532105 455 16900 SH SOLE 16900 0 0 CREDICORP LTD COM G2519Y108 78370 746880 SH SOLE 746880 0 0 BASIC ENERGY SVCS INC NEW COM 06985P100 262 10263 SH SOLE 10263 0 0 BAXTER INTL INC COM 071813109 5107 94972 SH SOLE 94972 0 0 BAXTER INTL INC OPTION 071813109 446 1653 SH CALL SOLE 1653 0 0 BLACKBOARD INC COM 091935502 401 11070 SH SOLE 11070 0 0 BED BATH & BEYOND INC COM 075896100 807 16710 SH SOLE 16710 0 0 BANCO BRADESCO S A SP COM 059460303 48808 2352188 SH SOLE 2352188 0 0 BANCO BRADESCO S A SP OPTION 059460303 549 5213 SH PUT SOLE 5213 0 0 BARRETT BILL CORP COM 06846N104 1134 28415 SH SOLE 28415 0 0 BARRETT BILL CORP BOND CV 06846NAA2 30638 300000 PRN SOLE 300000 0 0 BB&T CORP COM 054937107 1421 51763 SH SOLE 51763 0 0 BEST BUY INC COM 086516101 3083 107330 SH SOLE 107330 0 0 BEST BUY INC OPTION 086516101 426 351 SH PUT SOLE 351 0 0 BRUNSWICK CORP COM 117043109 491 19326 SH SOLE 19326 0 0 BCE INC COM 05534B760 1205 33147 SH SOLE 33147 0 0 BRINKS CO COM 109696104 478 14447 SH SOLE 14447 0 0 BARD C R INC COM 067383109 3006 30255 SH SOLE 30255 0 0 BARCLAYS PLC COM 06738E204 1900 104733 SH SOLE 104733 0 0 BLUE COAT SYSTEMS INC COM 09534T508 343 12174 SH SOLE 12174 0 0 BELDEN INC COM 077454106 284 7555 SH SOLE 7555 0 0 BRANDYWINE RLTY TR SH BEN INT COM 105368203 379 31179 SH SOLE 31179 0 0 BECTON DICKINSON & CO COM 075887109 6138 77093 SH SOLE 77093 0 0 BE AEROSPACE INC COM 073302101 994 27990 SH SOLE 27990 0 0 BECKMAN COULTER INC COM 075811109 9109 109650 SH SOLE 109650 0 0 STRATEGIC HOTELS & RESORTS I COM 86272T106 230 35692 SH SOLE 35692 0 0 FRANKLIN RES INC COM 354613101 630 5034 SH SOLE 5034 0 0 BRIGHAM EXPLORATION CO COM 109178103 837 22523 SH SOLE 22523 0 0 BRIGHAM EXPLORATION CO OPTION 109178103 584 1300 SH CALL SOLE 1300 0 0 BROWN FORMAN CORP CL B COM 115637209 3529 51675 SH SOLE 51675 0 0 BUNGE LIMITED COM G16962105 24896 344205 SH SOLE 344205 0 0 GENERAL CABLE CORP DEL NEW COM 369300108 205 4723 SH SOLE 4723 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page7 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BENCHMARK ELECTRS INC COM 08160H101 193 10155 SH SOLE 10155 0 0 BAKER HUGHES INC COM 057224107 1415 19276 SH SOLE 19276 0 0 BHP BILLITON LTD COM 088606108 742 7744 SH SOLE 7744 0 0 SOTHEBYS COM 835898107 629 11962 SH SOLE 11962 0 0 BAIDU INC SPON COM 056752108 52064 377793 SH SOLE 377793 0 0 BIG LOTS INC COM 089302103 2691 61963 SH SOLE 61963 0 0 BIOGEN IDEC INC COM 09062X103 10942 148931 SH SOLE 148931 0 0 SPDR SERIES TRUST BRCLYS 1-3MT COM 78464A680 4105 89541 SH SOLE 89541 0 0 IESI BFC LTD COM 44951D108 1306 51494 SH SOLE 51494 0 0 BIO RAD LABS INC COM 090572207 405 3370 SH SOLE 3370 0 0 BJS WHOLESALE CLUB INC COM 05548J106 492 10071 SH SOLE 10071 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 7170 240037 SH SOLE 240037 0 0 BANK OF NEW YORK MELLON CORP OPTION 064058100 1340 2224 SH CALL SOLE 2224 0 0 BLACKROCK KELSO CAPITAL CORP COM 092533108 156 15444 SH SOLE 15444 0 0 BROOKDALE SR LIVING INC COM 112463104 1073 38306 SH SOLE 38306 0 0 BLACK HILLS CORP COM 092113109 297 8871 SH SOLE 8871 0 0 BUCKEYE TECHNOLOGIES INC COM 118255108 595 21859 SH SOLE 21859 0 0 BARNES & NOBLE INC COM 067774109 102 11108 SH SOLE 11108 0 0 BELO CORP COM SER A COM 080555105 134 15260 SH SOLE 15260 0 0 BLACKROCK INC COM 09247X101 6675 33208 SH SOLE 33208 0 0 BLACKBAUD INC COM 09227Q100 202 7412 SH SOLE 7412 0 0 BALL CORP COM 058498106 2237 62386 SH SOLE 62386 0 0 IMMUCOR INC COM 452526106 928 46899 SH SOLE 46899 0 0 BMC SOFTWARE INC COM 055921100 5065 101828 SH SOLE 101828 0 0 BANK MONTREAL QUE COM 063671101 154881 2383515 SH SOLE 2383515 0 0 BIOMED REALTY TRUST INC COM 09063H107 581 30530 SH SOLE 30530 0 0 BIOMARIN PHARMACEUTICAL INC BOND CV 09061GAD3 161367 1192000 PRN SOLE 1192000 0 0 BEMIS INC COM 081437105 382 11638 SH SOLE 11638 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 26071 986432 SH SOLE 986432 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 581 8469 SH CALL SOLE 8469 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 775 7628 SH PUT SOLE 7628 0 0 BLACKROCK INCOME OPP TRUST I COM 092475102 298 32000 SH SOLE 32000 0 0 BANK NOVA SCOTIA HALIFAX COM 064149107 1664 27100 SH SOLE 27100 0 0 BOB EVANS FARMS INC COM 096761101 300 9201 SH SOLE 9201 0 0 BANK HAWAII CORP COM 062540109 633 13230 SH SOLE 13230 0 0 BOK FINL CORP COM 05561Q201 266 5149 SH SOLE 5149 0 0 BP PLC COM 055622104 6290 142509 SH SOLE 142509 0 0 BIOSANTE PHARMACEUTICALS INC COM 09065V203 39 19609 SH SOLE 19609 0 0 BOSTON PRIVATE FINL HLDGS IN COM 101119105 82 11573 SH SOLE 11573 0 0 BRIDGEPOINT ED INC COM 10807M105 218 12747 SH SOLE 12747 0 0 BROOKFIELD PPTYS CORP COM 112900105 2497 140894 SH SOLE 140894 0 0 POPULAR INC COM 733174106 637 218067 SH SOLE 218067 0 0 BPZ RESOURCES INC COM 055639108 81 15218 SH SOLE 15218 0 0 BRO COM 11133T103 932 41091 SH SOLE 41091 0 0 BRADY CORP COM 104674106 731 20471 SH SOLE 20471 0 0 BROCADE COMMUNICATIONS SYS I COM 111621306 378 61434 SH SOLE 61434 0 0 BROADCOM CORP COM 111320107 13990 355252 SH SOLE 355252 0 0 BROADCOM CORP OPTION 111320107 612 2000 SH PUT SOLE 2000 0 0 BRE PROPERTIES INC COM 05564E106 1244 26359 SH SOLE 26359 0 0 BRF-BRASIL FOODS S A COM 10552T107 851 44560 SH SOLE 44560 0 0 BERKSHIRE HATHAWAY INC DEL COM 084670108 13532 108 SH SOLE 108 0 0 BERKSHIRE HATHAWAY INC DEL CL BCOM 084670702 23780 284350 SH SOLE 284350 0 0 BERKSHIRE HATHAWAY INC DEL CL BOPTION 084670702 1387 11366 SH PUT SOLE 11366 0 0 BERKSHIRE HATHAWAY INC DEL CL BOPTION 084670702 3090 5367 SH CALL SOLE 5367 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page8 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BROOKLINE BANCORP INC DEL COM 11373M107 1005 95474 SH SOLE 95474 0 0 BRUKER CORP COM 116794108 244 11703 SH SOLE 11703 0 0 BROOKS AUTOMATION INC COM 114340102 147 10738 SH SOLE 10738 0 0 BROWN & BROWN INC COM 115236101 831 32215 SH SOLE 32215 0 0 BRISTOW GROUP INC COM 110394103 274 5796 SH SOLE 5796 0 0 BRISTOW GROUP INC BOND CV 110394AC7 642175 6450000 PRN SOLE 6450000 0 0 BERRY PETE CO COM 085789105 422 8364 SH SOLE 8364 0 0 BANCO SANTANDER BRASIL S A ADS COM 05967A107 8899 725848 SH SOLE 725848 0 0 BOSTON SCIENTIFIC CORP COM 101137107 3825 531966 SH SOLE 531966 0 0 BOSTON SCIENTIFIC CORP OPTION 101137107 218 2000 SH PUT SOLE 2000 0 0 BAYTEX ENERGY CORP COM 07317Q105 0 63150 SH SOLE 63150 0 0 PEABODY ENERGY CORP COM 704549104 5070 70456 SH SOLE 70456 0 0 PEABODY ENERGY CORP SDCV 4.750 BOND CV 704549AG9 307533 2321000 PRN SOLE 2321000 0 0 BUCYRUS INTL INC NEW COM 118759109 23238 254110 SH SOLE 254110 0 0 FIRST BUSEY CORP COM 319383105 60 11877 SH SOLE 11877 0 0 COMPANIA DE MINAS BUENAVENTU COM 204448104 11474 267029 SH SOLE 267029 0 0 BORGWARNER INC COM 099724106 5451 68408 SH SOLE 68408 0 0 BROADWIND ENERGY INC COM 11161T108 20 15189 SH SOLE 15189 0 0 BLACKSTONE GROUP L P COM UNIT COM 09253U108 1009 56427 SH SOLE 56427 0 0 BOSTON PROPERTIES INC COM 101121101 4126 43503 SH SOLE 43503 0 0 BANCORPSOUTH INC COM 059692103 377 24419 SH SOLE 24419 0 0 BOYD GAMING CORP COM 103304101 4896 522467 SH SOLE 522467 0 0 BOISE INC COM 09746Y105 652 71227 SH SOLE 71227 0 0 BEAZER HOMES USA INC COM 07556Q105 4947 1082455 SH SOLE 1082455 0 0 CITIGROUP INC COM 172967101 374815 84799878 SH SOLE 84799878 0 0 CITIGROUP INC OPTION 172967101 2724 223679 SH CALL SOLE 223679 0 0 CITIGROUP INC OPTION 172967101 86318 1049998 SH PUT SOLE 1049998 0 0 CA INC COM 12673P105 3938 162870 SH SOLE 162870 0 0 CACI INTL INC COM 127190304 303 4943 SH SOLE 4943 0 0 CACI INTL INC BOND CV 127190AD8 352203 2812000 PRN SOLE 2812000 0 0 CAE INC COM 124765108 1904 143153 SH SOLE 143153 0 0 CONAGRA FOODS INC COM 205887102 1818 76549 SH SOLE 76549 0 0 CARDINAL HEALTH INC COM 14149Y108 3449 83863 SH SOLE 83863 0 0 CHEESECAKE FACTORY INC COM 163072101 6034 200534 SH SOLE 200534 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 7352 128764 SH SOLE 128764 0 0 AVIS BUDGET GROUP COM 053774105 2331 130178 SH SOLE 130178 0 0 CASEYS GEN STORES INC COM 147528103 272 6981 SH SOLE 6981 0 0 CATERPILLAR INC DEL COM 149123101 60539 543679 SH SOLE 543679 0 0 CATERPILLAR INC DEL OPTION 149123101 974 9901 SH PUT SOLE 9901 0 0 CATERPILLAR INC DEL OPTION 149123101 2406 2930 SH CALL SOLE 2930 0 0 CATO CORP NEW COM 149205106 379 15481 SH SOLE 15481 0 0 CATHAY GENERAL BANCORP COM 149150104 398 23363 SH SOLE 23363 0 0 CAVIUM NETWORKS INC COM 14965A101 1112 24758 SH SOLE 24758 0 0 CHUBB CORP COM 171232101 3870 63116 SH SOLE 63116 0 0 CINCINNATI BELL INC NEW COM 171871106 94 35230 SH SOLE 35230 0 0 COMPANHIA BRASILEIRA DE DIST S COM 20440T201 391 9321 SH SOLE 9321 0 0 COOPER INDUSTRIES PLC SHS COM G24140108 4815 74185 SH SOLE 74185 0 0 CBEYOND INC COM 149847105 195 16732 SH SOLE 16732 0 0 CB RICHARD ELLIS GROUP INC COM 12497T101 1582 59238 SH SOLE 59238 0 0 CHICAGO BRIDGE & IRON CO N V N COM 167250109 2582 63508 SH SOLE 63508 0 0 CBL & ASSOC PPTYS INC COM 124830100 553 31720 SH SOLE 31720 0 0 CIBER INC COM 17163B102 72 10695 SH SOLE 10695 0 0 CRACKER BARREL OLD CTRY STOR COM 22410J106 600 12218 SH SOLE 12218 0 0 CBS CORP NEW CL B COM 124857202 943 37658 SH SOLE 37658 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page9 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- COMMERCE BANCSHARES INC COM 200525103 1237 30580 SH SOLE 30580 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 242 9597 SH SOLE 9597 0 0 CABOT CORP COM 127055101 515 11134 SH SOLE 11134 0 0 CALGON CARBON CORP COM 129603106 1060 66768 SH SOLE 66768 0 0 COCA COLA ENTERPRISES INC NE COM 19122T109 833 30511 SH SOLE 30511 0 0 CROWN CASTLE INTL CORP COM 228227104 3658 85966 SH SOLE 85966 0 0 CAMECO CORP COM 13321L108 13938 463981 SH SOLE 463981 0 0 CROWN HOLDINGS INC COM 228368106 3988 103380 SH SOLE 103380 0 0 CARNIVAL CORP PAIRED CTF COM 143658300 4774 124461 SH SOLE 124461 0 0 CHINA MEDIAEXPRESS HLDGS INC COM 169442100 151 12700 SH SOLE 12700 0 0 COEUR D ALENE MINES CORP IDA COM 192108504 493 14177 SH SOLE 14177 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 615 63076 SH SOLE 63076 0 0 CEDAR SHOPPING CTRS INC COM 150602209 85 14040 SH SOLE 14040 0 0 CELANESE CORP DEL COM SER A COM 150870103 2560 57697 SH SOLE 57697 0 0 CHINA EASTN AIRLS LTD SPON COM 16937R104 363 19098 SH SOLE 19098 0 0 CAREER EDUCATION CORP COM 141665109 917 40379 SH SOLE 40379 0 0 CENTRAL EUROPEAN DIST CORP BOND CV 153435AA0 3128 36000 PRN SOLE 36000 0 0 CENTRAL FD CDA LTD COM 153501101 8629 385748 SH SOLE 385748 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 612 19670 SH SOLE 19670 0 0 CELLCOM ISRAEL LTD SHS COM M2196U109 503 15193 SH SOLE 15193 0 0 CELGENE CORP COM 151020104 9842 170941 SH SOLE 170941 0 0 CELGENE CORP RIGHT 12/31/2011 COM 151020112 100 40605 SH SOLE 40605 0 0 BRIGHTPOINT INC COM 109473405 133 12282 SH SOLE 12282 0 0 CENTURY ALUM CO COM 156431108 190 10157 SH SOLE 10157 0 0 CNOOC LTD COM 126132109 8652 34193 SH SOLE 34193 0 0 CEPHALON INC COM 156708109 5926 77890 SH SOLE 77890 0 0 CEPHALON INC BOND CV 156708AP4 1419206 8543000 PRN SOLE 8543000 0 0 CERNER CORP COM 156782104 2084 18739 SH SOLE 18739 0 0 CF INDS HLDGS INC COM 125269100 5701 41676 SH SOLE 41676 0 0 CAREFUSION CORP COM 14170T101 218 7725 SH SOLE 7725 0 0 CULLEN FROST BANKERS INC COM 229899109 1076 18229 SH SOLE 18229 0 0 COGNEX CORP COM 192422103 364 12897 SH SOLE 12897 0 0 CHINA TELECOM CORP LTD SPON COM 169426103 1666 27318 SH SOLE 27318 0 0 CHURCH & DWIGHT INC COM 171340102 1467 18490 SH SOLE 18490 0 0 CHEMED CORP NEW COM 16359R103 201 3011 SH SOLE 3011 0 0 CHESAPEAKE ENERGY CORP COM 165167107 11787 351649 SH SOLE 351649 0 0 CHESAPEAKE ENERGY CORP BOND CV 165167BZ9 1195 11000 PRN SOLE 11000 0 0 CHESAPEAKE ENERGY CORP BOND CV 165167BW6 39377 338000 PRN SOLE 338000 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 1643 32187 SH SOLE 32187 0 0 CHINA MOBILE LIMITED COM 16941M109 6290 136006 SH SOLE 136006 0 0 CHEMTURA CORP COM 163893209 860 50012 SH SOLE 50012 0 0 CHARMING SHOPPES INC COM 161133103 81 19039 SH SOLE 19039 0 0 C H ROBINSON WORLDWIDE INC COM 12541W209 8228 110996 SH SOLE 110996 0 0 CHICOS FAS INC COM 168615102 501 33656 SH SOLE 33656 0 0 CATALYST HEALTH SOLUTIONS IN COM 14888B103 344 6145 SH SOLE 6145 0 0 CHINA UNICOM (HONG KONG) LTD COM 16945R104 1550 93374 SH SOLE 93374 0 0 CIGNA CORP COM 125509109 2202 49738 SH SOLE 49738 0 0 BANCOLOMBIA S A SPON COM 05968L102 654 10444 SH SOLE 10444 0 0 COBALT INTL ENERGY INC COM 19075F106 237 14125 SH SOLE 14125 0 0 CIENA CORP COM 171779309 1212 46733 SH SOLE 46733 0 0 CIENA CORP OPTION 171779309 320 1852 SH PUT SOLE 1852 0 0 CIENA CORP OPTION 171779309 243 1022 SH CALL SOLE 1022 0 0 CIENA CORP BOND CV 171779AB7 49266 483000 PRN SOLE 483000 0 0 CIENA CORP BOND CV 171779AE1 51351 526000 PRN SOLE 526000 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page10 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- COMPANHIA ENERGETICA DE MINA SPCOM 204409601 9546 495379 SH SOLE 495379 0 0 STAR SCIENTIFIC INC COM 85517P101 72 15928 SH SOLE 15928 0 0 CHIMERA INVT CORP COM 16934Q109 599 151159 SH SOLE 151159 0 0 CINCINNATI FINL CORP COM 172062101 6727 205166 SH SOLE 205166 0 0 CAMELOT INFORMATION SYS INC AD COM 13322V105 177 10639 SH SOLE 10639 0 0 CNINSURE INC COM 18976M103 244 18865 SH SOLE 18865 0 0 CIT GROUP INC COM 125581801 10276 241497 SH SOLE 241497 0 0 SEACOR HOLDINGS INC COM 811904101 372 4025 SH SOLE 4025 0 0 CKX INC COM 12562M106 706 167239 SH SOLE 167239 0 0 COLGATE PALMOLIVE CO COM 194162103 19059 235991 SH SOLE 235991 0 0 COLGATE PALMOLIVE CO OPTION 194162103 2769 7324 SH CALL SOLE 7324 0 0 COLGATE PALMOLIVE CO OPTION 194162103 521 4621 SH PUT SOLE 4621 0 0 CORE LABORATORIES N V COM N22717107 872 8538 SH SOLE 8538 0 0 CLARCOR INC COM 179895107 368 8184 SH SOLE 8184 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 3170 32250 SH SOLE 32250 0 0 CORELOGIC INC COM 21871D103 526 28417 SH SOLE 28417 0 0 CLEAN HARBORS INC COM 184496107 2338 23696 SH SOLE 23696 0 0 MACK CALI RLTY CORP COM 554489104 1159 34177 SH SOLE 34177 0 0 COLONIAL PPTYS TR COM SH BEN I COM 195872106 336 17429 SH SOLE 17429 0 0 CONTINENTAL RESOURCES INC COM 212015101 317 4436 SH SOLE 4436 0 0 CLEARWATER PAPER CORP COM 18538R103 968 11888 SH SOLE 11888 0 0 CLOROX CO DEL COM 189054109 5304 75696 SH SOLE 75696 0 0 CDN IMPERIAL BK OF COMMERCE COM 136069101 1572 18200 SH SOLE 18200 0 0 COMERICA INC COM 200340107 3866 105271 SH SOLE 105271 0 0 COMCAST CORP NEW COM 20030N101 16914 684212 SH SOLE 684212 0 0 COMCAST CORP NEW OPTION 20030N101 430 19063 SH PUT SOLE 19063 0 0 COMCAST CORP NEW OPTION 20030N101 5477 11503 SH CALL SOLE 11503 0 0 COMCAST CORP NEW COM 20030N200 4093 176273 SH SOLE 176273 0 0 CME GROUP INC COM 12572Q105 6361 21096 SH SOLE 21096 0 0 CHINA MED TECHNOLOGIES INC COM 169483104 194 16646 SH SOLE 16646 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 6780 24893 SH SOLE 24893 0 0 CHIPOTLE MEXICAN GRILL INC OPTION 169656105 615 300 SH PUT SOLE 300 0 0 CUMMINS INC COM 231021106 11804 107685 SH SOLE 107685 0 0 CUMMINS INC OPTION 231021106 471 800 SH PUT SOLE 800 0 0 CAPSTEAD MTG CORP COM NO PAR COM 14067E506 147 11493 SH SOLE 11493 0 0 COMPASS MINERALS INTL INC COM 20451N101 820 8766 SH SOLE 8766 0 0 CMS ENERGY CORP COM 125896100 313 15924 SH SOLE 15924 0 0 CENTENE CORP DEL COM 15135B101 260 7869 SH SOLE 7869 0 0 CNH GLOBAL N V SHS COM N20935206 4182 86131 SH SOLE 86131 0 0 CANADIAN NATL RY CO COM 136375102 241 3200 SH SOLE 3200 0 0 CINEMARK HOLDINGS INC COM 17243V102 220 11393 SH SOLE 11393 0 0 CLECO CORP NEW COM 12561W105 661 19284 SH SOLE 19284 0 0 CONMED CORP COM 207410101 337 12808 SH SOLE 12808 0 0 CNO FINL GROUP INC COM 12621E103 371 49458 SH SOLE 49458 0 0 CENTERPOINT ENERGY INC COM 15189T107 622 35428 SH SOLE 35428 0 0 CANADIAN NAT RES LTD COM 136385101 1630 32976 SH SOLE 32976 0 0 CONCUR TECHNOLOGIES INC COM 206708109 726 13087 SH SOLE 13087 0 0 CONSOL ENERGY INC COM 20854P109 35242 657135 SH SOLE 657135 0 0 CONEXANT SYSTEMS INC COM 207142308 32 13282 SH SOLE 13282 0 0 CORINTHIAN COLLEGES INC COM 218868107 64 14439 SH SOLE 14439 0 0 CAPITAL ONE FINL CORP COM 14040H105 4461 85845 SH SOLE 85845 0 0 CABOT OIL & GAS CORP COM 127097103 446 8426 SH SOLE 8426 0 0 COACH INC COM 189754104 5017 96403 SH SOLE 96403 0 0 COACH INC OPTION 189754104 293 1014 SH PUT SOLE 1014 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page11 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- COHERENT INC COM 192479103 234 4032 SH SOLE 4032 0 0 ROCKWELL COLLINS INC COM 774341101 3382 52167 SH SOLE 52167 0 0 COOPER COS INC COM 216648402 797 11476 SH SOLE 11476 0 0 CONOCOPHILLIPS COM 20825C104 20592 257856 SH SOLE 257856 0 0 CONOCOPHILLIPS OPTION 20825C104 2292 13145 SH PUT SOLE 13145 0 0 CONOCOPHILLIPS OPTION 20825C104 6833 7126 SH CALL SOLE 7126 0 0 COSTCO WHSL CORP NEW COM 22160K105 6417 87524 SH SOLE 87524 0 0 CANADIAN PAC RY LTD COM 13645T100 610 9479 SH SOLE 9479 0 0 CAMPBELL SOUP CO COM 134429109 17265 521446 SH SOLE 521446 0 0 CEPHEID COM 15670R107 271 9656 SH SOLE 9656 0 0 CPFL ENERGIA S A COM 126153105 3138 35904 SH SOLE 35904 0 0 CAPELLA EDUCATION COMPANY COM 139594105 943 18946 SH SOLE 18946 0 0 CALPINE CORP COM 131347304 1628 102603 SH SOLE 102603 0 0 COPART INC COM 217204106 1033 23834 SH SOLE 23834 0 0 CAPSTONE TURBINE CORP COM 14067D102 68 37616 SH SOLE 37616 0 0 CAMDEN PPTY TR SH BEN INT COM 133131102 1544 27178 SH SOLE 27178 0 0 CONCEPTUS INC COM 206016107 230 15928 SH SOLE 15928 0 0 COMPUWARE CORP COM 205638109 1112 96236 SH SOLE 96236 0 0 COMPLETE PRODUCTION SERVICES COM 20453E109 524 16483 SH SOLE 16483 0 0 CRANE CO COM 224399105 413 8535 SH SOLE 8535 0 0 CELERA CORP COM 15100E106 432 53310 SH SOLE 53310 0 0 CITIZENS REPUBLIC BANCORP IN COM 174420109 56 62729 SH SOLE 62729 0 0 CREE INC COM 225447101 3068 66458 SH SOLE 66458 0 0 CARTER INC COM 146229109 378 13207 SH SOLE 13207 0 0 CURIS INC COM 231269101 41 12549 SH SOLE 12549 0 0 COMSTOCK RES INC COM 205768203 1143 36943 SH SOLE 36943 0 0 CHARLES RIV LABS INTL INC COM 159864107 387 10082 SH SOLE 10082 0 0 SALESFORCE COM INC COM 79466L302 3640 27250 SH SOLE 27250 0 0 CROCS INC COM 227046109 249 13973 SH SOLE 13973 0 0 CARBO CERAMICS INC COM 140781105 444 3146 SH SOLE 3146 0 0 CIRRUS LOGIC INC COM 172755100 2110 100341 SH SOLE 100341 0 0 CIRRUS LOGIC INC OPTION 172755100 725 2901 SH PUT SOLE 2901 0 0 CARRIZO OIL & CO INC COM 144577103 211 5714 SH SOLE 5714 0 0 CARRIZO OIL & CO INC BOND CV 144577AA1 66267 666000 PRN SOLE 666000 0 0 COMPUTER SCIENCES CORP COM 205363104 596 12240 SH SOLE 12240 0 0 CISCO SYS INC COM 17275R102 114651 6685192 SH SOLE 6685192 0 0 CISCO SYS INC OPTION 17275R102 1159 20833 SH CALL SOLE 20833 0 0 CISCO SYS INC OPTION 17275R102 19022 70142 SH PUT SOLE 70142 0 0 CAPITALSOURCE INC COM 14055X102 580 82453 SH SOLE 82453 0 0 CASH AMER INTL INC COM 14754D100 219 4745 SH SOLE 4745 0 0 CARLISLE COS INC COM 142339100 732 16440 SH SOLE 16440 0 0 COINSTAR INC COM 19259P300 749 16319 SH SOLE 16319 0 0 COINSTAR INC BOND CV 19259PAF9 553000 4000000 PRN SOLE 4000000 0 0 CSX CORP COM 126408103 6658 84703 SH SOLE 84703 0 0 CSX CORP OPTION 126408103 217 400 SH CALL SOLE 400 0 0 CINTAS CORP COM 172908105 1481 48915 SH SOLE 48915 0 0 COOPER TIRE & RUBR CO COM 216831107 252 9787 SH SOLE 9787 0 0 CITY TELECOM H K LTD COM 178677209 194 12798 SH SOLE 12798 0 0 CENTURYLINK INC COM 156700106 3993 96098 SH SOLE 96098 0 0 CTRIP COM INTL LTD AMERICAN DE COM 22943F100 3195 77014 SH SOLE 77014 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 4984 61230 SH SOLE 61230 0 0 CITRIX SYS INC COM 177376100 5239 71311 SH SOLE 71311 0 0 COUSINS PPTYS INC COM 222795106 295 35307 SH SOLE 35307 0 0 COVANTA HLDG CORP COM 22282E102 3451 202022 SH SOLE 202022 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page12 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CVB FINL CORP COM 126600105 131 14076 SH SOLE 14076 0 0 CABLEVISION SYS CORP COM 12686C109 420 12131 SH SOLE 12131 0 0 COVANCE INC COM 222816100 1830 33442 SH SOLE 33442 0 0 CONVERGYS CORP COM 212485106 267 18622 SH SOLE 18622 0 0 COVENTRY HEALTH CARE INC COM 222862104 821 25776 SH SOLE 25776 0 0 COMMVAULT SYSTEMS INC COM 204166102 355 8891 SH SOLE 8891 0 0 CVS CAREMARK CORPORATION COM 126650100 13131 382595 SH SOLE 382595 0 0 CVS CAREMARK CORPORATION OPTION 126650100 540 2877 SH PUT SOLE 2877 0 0 CVS CAREMARK CORPORATION OPTION 126650100 1549 4386 SH CALL SOLE 4386 0 0 CHEVRON CORP NEW COM 166764100 47561 442467 SH SOLE 442467 0 0 CHEVRON CORP NEW OPTION 166764100 2005 12124 SH PUT SOLE 12124 0 0 CHEVRON CORP NEW OPTION 166764100 3942 5289 SH CALL SOLE 5289 0 0 CURTISS WRIGHT CORP COM 231561101 310 8830 SH SOLE 8830 0 0 SPDR SERIES TRUST BRCLYS CAP C COM 78464A359 596 14136 SH SOLE 14136 0 0 COMMONWEALTH REIT COM SH BEN I COM 203233101 455 17536 SH SOLE 17536 0 0 COLDWATER CREEK INC COM 193068103 36 13754 SH SOLE 13754 0 0 CEMEX SAB DE CV SPON COM 151290889 14760 1652804 SH SOLE 1652804 0 0 CONCHO RES INC COM 20605P101 4749 44260 SH SOLE 44260 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 886 45709 SH SOLE 45709 0 0 CYBERONICS INC COM 23251P102 315 9905 SH SOLE 9905 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 1008 25218 SH SOLE 25218 0 0 CYMER INC COM 232572107 275 4865 SH SOLE 4865 0 0 CITY NATL CORP COM 178566105 1096 19219 SH SOLE 19219 0 0 CYPRESS SHARPRIDGE INVTS INC COM 23281A307 140 11041 SH SOLE 11041 0 0 CYTEC INDS INC COM 232820100 1059 19481 SH SOLE 19481 0 0 CYTRX CORP COM 232828301 16 18228 SH SOLE 18228 0 0 COSAN LTD SHS A COM G25343107 3104 240630 SH SOLE 240630 0 0 DOMINION RES INC VA NEW COM 25746U109 7012 156876 SH SOLE 156876 0 0 DELTA AIR LINES INC DEL COM 247361702 2374 242196 SH SOLE 242196 0 0 DANA HLDG CORP COM 235825205 1104 63503 SH SOLE 63503 0 0 E-COMMERCE CHINA DANGDANG IN S COM 26833A105 229 11086 SH SOLE 11086 0 0 DARLING INTL INC COM 237266101 1998 130024 SH SOLE 130024 0 0 DEUTSCHE BANK AG NAMEN AKT COM D18190898 1558 26376 SH SOLE 26376 0 0 POWERSHARES DB CMDTY IDX TRA U COM 73935S105 508 16638 SH SOLE 16638 0 0 DIEBOLD INC COM 253651103 546 15408 SH SOLE 15408 0 0 POWERSHS DB MULTI SECT COMM DB COM 73936B101 481 15281 SH SOLE 15281 0 0 DONALDSON INC COM 257651109 841 13718 SH SOLE 13718 0 0 CLAYMORE DIVID & INCOME FD COM 18385J105 229 13690 SH SOLE 13690 0 0 DCT INDUSTRIAL TRUST INC COM 233153105 318 57251 SH SOLE 57251 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 20671 376047 SH SOLE 376047 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 1469 13154 SH PUT SOLE 13154 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 758 2465 SH CALL SOLE 2465 0 0 DEVELOPERS DIVERSIFIED RLTY COM 251591103 1205 86098 SH SOLE 86098 0 0 DILLARDS INC COM 254067101 262 6521 SH SOLE 6521 0 0 DEERE & CO COM 244199105 15076 155594 SH SOLE 155594 0 0 DEERE & CO OPTION 244199105 1081 1057 SH CALL SOLE 1057 0 0 DECKERS OUTDOOR CORP COM 243537107 3151 36576 SH SOLE 36576 0 0 ETABLISSEMENTS DELHAIZE FRER COM 29759W101 603 7376 SH SOLE 7376 0 0 DOUGLAS EMMETT INC COM 25960P109 522 27843 SH SOLE 27843 0 0 DELL INC COM 24702R101 23008 1585647 SH SOLE 1585647 0 0 DELL INC OPTION 24702R101 463 7212 SH CALL SOLE 7212 0 0 DELL INC OPTION 24702R101 1969 15172 SH PUT SOLE 15172 0 0 DENNYS CORP COM 24869P104 62 15184 SH SOLE 15184 0 0 DEAN FOODS CO NEW COM 242370104 2595 259514 SH SOLE 259514 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page13 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DELPHI FINL GROUP INC COM 247131105 240 7811 SH SOLE 7811 0 0 DISCOVER FINL SVCS COM 254709108 401 16618 SH SOLE 16618 0 0 DUPONT FABROS TECHNOLOGY INC COM 26613Q106 272 11205 SH SOLE 11205 0 0 DOLLAR GEN CORP NEW COM 256677105 1426 45472 SH SOLE 45472 0 0 DUOYUAN GLOBAL WTR INC COM 266043108 746 123704 SH SOLE 123704 0 0 QUEST DIAGNOSTICS INC COM 74834L100 308 5336 SH SOLE 5336 0 0 D R HORTON INC COM 23331A109 9545 819314 SH SOLE 819314 0 0 D R HORTON INC OPTION 23331A109 1682 17341 SH PUT SOLE 17341 0 0 DANAHER CORP DEL COM 235851102 9419 181474 SH SOLE 181474 0 0 DHT HOLDINGS INC COM Y2065G105 65 13471 SH SOLE 13471 0 0 SPDR DOW JONES INDL AVRG ETF U COM 78467X109 87449 710850 SH SOLE 710850 0 0 DIODES INC COM 254543101 707 20753 SH SOLE 20753 0 0 DISNEY WALT CO COM DISNEY COM 254687106 26496 614897 SH SOLE 614897 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 1000 16062 SH PUT SOLE 16062 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 5378 10526 SH CALL SOLE 10526 0 0 DISCOVERY COMMUNICATNS NEW COM COM 25470F104 2797 70107 SH SOLE 70107 0 0 DISCOVERY COMMUNICATNS NEW COM COM 25470F302 3105 88182 SH SOLE 88182 0 0 DISH NETWORK CORP COM 25470M109 1275 52323 SH SOLE 52323 0 0 DICKS SPORTING GOODS INC COM 253393102 625 15630 SH SOLE 15630 0 0 DOLBY LABORATORIES INC COM 25659T107 1359 27611 SH SOLE 27611 0 0 DIGITAL RLTY TR INC COM 253868103 15146 260504 SH SOLE 260504 0 0 DOLLAR TREE INC COM 256746108 4571 82331 SH SOLE 82331 0 0 DELUXE CORP COM 248019101 961 36220 SH SOLE 36220 0 0 DIAMOND FOODS INC COM 252603105 201 3597 SH SOLE 3597 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 1693 21104 SH SOLE 21104 0 0 DANVERS BANCORP INC COM 236442109 3205 149636 SH SOLE 149636 0 0 DENDREON CORP BOND CV 24823QAB3 2823750 7500000 PRN SOLE 7500000 0 0 DIONEX CORP COM 254546104 4899 41499 SH SOLE 41499 0 0 DENBURY RES INC COM 247916208 924 37883 SH SOLE 37883 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 7240 93177 SH SOLE 93177 0 0 DOVER CORP COM 260003108 5758 87588 SH SOLE 87588 0 0 DOW CHEM CO COM 260543103 16421 434988 SH SOLE 434988 0 0 DOW CHEM CO OPTION 260543103 449 2018 SH CALL SOLE 2018 0 0 DOW CHEM CO OPTION 260543103 1960 18727 SH PUT SOLE 18727 0 0 AMDOCS LTD COM G02602103 515 17868 SH SOLE 17868 0 0 DPL INC COM 233293109 1251 45648 SH SOLE 45648 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 2112 56830 SH SOLE 56830 0 0 DELTA PETE CORP COM 247907207 30 32486 SH SOLE 32486 0 0 DELTA PETE CORP BOND CV 247907AD0 258 3000 PRN SOLE 3000 0 0 DOMINOS PIZZA INC COM 25754A201 782 42447 SH SOLE 42447 0 0 DRESSER-RAND GROUP INC COM 261608103 982 18306 SH SOLE 18306 0 0 DUKE REALTY CORP COM 264411505 5965 425793 SH SOLE 425793 0 0 DIAMONDROCK HOSPITALITY CO COM 252784301 426 38117 SH SOLE 38117 0 0 DARDEN RESTAURANTS INC COM 237194105 4764 96976 SH SOLE 96976 0 0 DIGITAL RIV INC COM 25388B104 215 5738 SH SOLE 5738 0 0 DRIL-QUIP INC COM 262037104 769 9732 SH SOLE 9732 0 0 DURECT CORP COM 266605104 51 14064 SH SOLE 14064 0 0 DRYSHIPS INC SHS COM Y2109Q101 2648 535000 SH SOLE 535000 0 0 DRUGSTORE COM INC COM 262241102 267 69397 SH SOLE 69397 0 0 DST SYS INC DEL COM 233326107 507 9595 SH SOLE 9595 0 0 DSW INC COM 23334L102 284 7114 SH SOLE 7114 0 0 DTE ENERGY CO COM 233331107 272 5550 SH SOLE 5550 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 1554 23282 SH SOLE 23282 0 0 DIRECTV COM COM 25490A101 12425 265496 SH SOLE 265496 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page14 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DIRECTV COM OPTION 25490A101 388 2500 SH PUT SOLE 2500 0 0 DUKE ENERGY CORP NEW COM 26441C105 6735 371074 SH SOLE 371074 0 0 DUKE ENERGY CORP NEW OPTION 26441C105 243 5255 SH CALL SOLE 5255 0 0 DUKE ENERGY CORP NEW OPTION 26441C105 213 1806 SH PUT SOLE 1806 0 0 DEVRY INC DEL COM 251893103 678 12310 SH SOLE 12310 0 0 DAVITA INC COM 23918K108 350 4097 SH SOLE 4097 0 0 DYNAVAX TECHNOLOGIES CORP COM 268158102 43 15682 SH SOLE 15682 0 0 DEVON ENERGY CORP NEW COM 25179M103 11405 124280 SH SOLE 124280 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 557 3235 SH CALL SOLE 3235 0 0 CAL DIVE INTL INC DEL COM 12802T101 433 62027 SH SOLE 62027 0 0 DYAX CORP COM 26746E103 23 14024 SH SOLE 14024 0 0 DYNEGY INC DEL COM 26817G300 833 146321 SH SOLE 146321 0 0 ENI S P A COM 26874R108 2951 60066 SH SOLE 60066 0 0 BRINKER INTL INC COM 109641100 1082 42769 SH SOLE 42769 0 0 EBAY INC COM 278642103 22606 728294 SH SOLE 728294 0 0 EBAY INC OPTION 278642103 1018 8492 SH PUT SOLE 8492 0 0 EBAY INC OPTION 278642103 786 3353 SH CALL SOLE 3353 0 0 EBIX INC COM 278715206 316 13362 SH SOLE 13362 0 0 CENTRAIS ELETRICAS BRASILEIR COM 15234Q207 2221 143179 SH SOLE 143179 0 0 ECOPETROL S A COM 279158109 984 23619 SH SOLE 23619 0 0 ECOLAB INC COM 278865100 4472 87658 SH SOLE 87658 0 0 CONSOLIDATED EDISON INC COM 209115104 1574 31038 SH SOLE 31038 0 0 EDUCATION RLTY TR INC COM 28140H104 144 17923 SH SOLE 17923 0 0 NEW ORIENTAL ED & TECH GRP I S COM 647581107 915 9146 SH SOLE 9146 0 0 EL PASO ELEC CO COM 283677854 220 7228 SH SOLE 7228 0 0 ISHARES TR MSCI EMERG MKT COM 464287234 211141 4338209 SH SOLE 4338209 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 2061 6976 SH CALL SOLE 6976 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 5425 46732 SH PUT SOLE 46732 0 0 ISHARES TR MSCI EAFE INDEX COM 464287465 42142 701437 SH SOLE 701437 0 0 ISHARES TR MSCI EAFE INDEX OPTION 464287465 1313 4637 SH CALL SOLE 4637 0 0 ISHARES TR MSCI EAFE INDEX OPTION 464287465 1145 3611 SH PUT SOLE 3611 0 0 EQUIFAX INC COM 294429105 1089 28023 SH SOLE 28023 0 0 ENERGEN CORP COM 29265N108 1253 19852 SH SOLE 19852 0 0 ELDORADO GOLD CORP NEW COM 284902103 1217 74827 SH SOLE 74827 0 0 EASTGROUP PPTY INC COM 277276101 274 6231 SH SOLE 6231 0 0 EMPLOYERS HOLDINGS INC COM 292218104 4134 200090 SH SOLE 200090 0 0 EDISON INTL COM 281020107 3337 91204 SH SOLE 91204 0 0 E HOUSE CHINA HLDGS LTD COM 26852W103 329 27968 SH SOLE 27968 0 0 EASTMAN KODAK CO COM 277461109 6563 2031902 SH SOLE 2031902 0 0 EASTMAN KODAK CO OPTION 277461109 228 4500 SH CALL SOLE 4500 0 0 EASTMAN KODAK CO OPTION 277461109 1253 9075 SH PUT SOLE 9075 0 0 LAUDER ESTEE COS INC COM 518439104 862 8945 SH SOLE 8945 0 0 ELAN PLC COM 284131208 350 50911 SH SOLE 50911 0 0 EARTHLINK INC COM 270321102 135 17277 SH SOLE 17277 0 0 COMPANHIA PARANAENSE ENERG C S COM 20441B407 218 7845 SH SOLE 7845 0 0 EQUITY LIFESTYLE PPTYS INC COM 29472R108 368 6385 SH SOLE 6385 0 0 EMULEX CORP COM 292475209 342 32097 SH SOLE 32097 0 0 CALLAWAY GOLF CO COM 131193104 71 10472 SH SOLE 10472 0 0 E M C CORP MASS COM 268648102 21426 806690 SH SOLE 806690 0 0 E M C CORP MASS OPTION 268648102 10679 12210 SH CALL SOLE 12210 0 0 E M C CORP MASS BOND CV 268648AM4 3608803 21166000 PRN SOLE 21166000 0 0 E M C CORP MASS BOND CV 268648AK8 589511 3562000 PRN SOLE 3562000 0 0 EMCOR GROUP INC COM 29084Q100 335 10818 SH SOLE 10818 0 0 EASTMAN CHEM CO COM 277432100 2812 28308 SH SOLE 28308 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page15 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- EMERSON ELEC CO COM 291011104 19158 327886 SH SOLE 327886 0 0 EMERSON ELEC CO OPTION 291011104 635 3131 SH PUT SOLE 3131 0 0 EMERGENCY MEDICAL SVCS CORP COM 29100P102 6843 107607 SH SOLE 107607 0 0 ENBRIDGE INC COM 29250N105 976 15877 SH SOLE 15877 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 2122 55606 SH SOLE 55606 0 0 ENERGY CONVERSION DEVICES IN COM 292659109 33 14585 SH SOLE 14585 0 0 ENDURANCE SPECIALTY HLDGS LT S COM G30397106 411 8418 SH SOLE 8418 0 0 ENERSIS S A COM 29274F104 3375 162090 SH SOLE 162090 0 0 REED ELSEVIER N V SPONS COM 758204200 2491 96447 SH SOLE 96447 0 0 ENERNOC INC COM 292764107 537 28099 SH SOLE 28099 0 0 ENERGIZER HLDGS INC COM 29266R108 1936 27203 SH SOLE 27203 0 0 ENERSYS COM 29275Y102 307 7713 SH SOLE 7713 0 0 ENTEGRIS INC COM 29362U104 340 38717 SH SOLE 38717 0 0 ENTROPIC COMMUNICATIONS INC COM 29384R105 672 79509 SH SOLE 79509 0 0 EMPRESA NACIONAL DE ELCTRCID COM 29244T101 289 5200 SH SOLE 5200 0 0 WELLS FARGO ADV GLB DIV OPP COM 94987C103 154 15700 SH SOLE 15700 0 0 EOG RES INC COM 26875P101 1490 12573 SH SOLE 12573 0 0 EATON VANCE ENHANCED EQ INC COM 278274105 483 39164 SH SOLE 39164 0 0 EATON VANCE ENH EQTY INC FD COM 278277108 466 36859 SH SOLE 36859 0 0 EL PASO CORP COM 28336L109 4002 222325 SH SOLE 222325 0 0 WISDOMTREE TRUST INDIA ERNGS FDCOM 97717W422 4593 185200 SH SOLE 185200 0 0 EPICOR SOFTWARE CORP COM 29426L108 274 24771 SH SOLE 24771 0 0 ISHARES INC MSCI PAC J IDX COM 464286665 1094 22648 SH SOLE 22648 0 0 ENTERTAINMENT PPTYS TR COM SH COM 29380T105 510 10902 SH SOLE 10902 0 0 EQUINIX INC COM 29444U502 27433 301127 SH SOLE 301127 0 0 EQUITY RESIDENTIAL SH BEN INT COM 29476L107 858 15205 SH SOLE 15205 0 0 ERP OPER LTD PARTNERSHIP BOND CV 26884AAV5 127975 1250000 PRN SOLE 1250000 0 0 EQT CORP COM 26884L109 487 9762 SH SOLE 9762 0 0 EQUITY ONE COM 294752100 331 17659 SH SOLE 17659 0 0 ERICSSON L M TEL CO COM 294821608 219 17039 SH SOLE 17039 0 0 ERIE INDTY CO COM 29530P102 427 6011 SH SOLE 6011 0 0 EMBRAER S A SP COM 29082A107 307 9111 SH SOLE 9111 0 0 ELECTRONIC ARTS INC COM 285512109 3016 154427 SH SOLE 154427 0 0 ENERGYSOLUTIONS INC COM 292756202 575 96397 SH SOLE 96397 0 0 EMERITUS CORP COM 291005106 244 9594 SH SOLE 9594 0 0 ESCO TECHNOLOGIES INC COM 296315104 677 17737 SH SOLE 17737 0 0 ITT EDUCATIONAL SERVICES INC COM 45068B109 1329 18420 SH SOLE 18420 0 0 ESTERLINE TECHNOLOGIES CORP COM 297425100 392 5544 SH SOLE 5544 0 0 EXPRESS SCRIPTS INC COM 302182100 12809 230331 SH SOLE 230331 0 0 EXPRESS SCRIPTS INC OPTION 302182100 291 1942 SH PUT SOLE 1942 0 0 ESSEX PPTY TR INC COM 297178105 1594 12851 SH SOLE 12851 0 0 E TRADE FINANCIAL CORP COM 269246401 1292 82650 SH SOLE 82650 0 0 EATON CORP COM 278058102 3869 69783 SH SOLE 69783 0 0 ENERGY TRANSFER PRTNRS L P UNI COM 29273R109 954 18422 SH SOLE 18422 0 0 ENTERGY CORP NEW COM 29364G103 4878 72579 SH SOLE 72579 0 0 EATON VANCE CORP COM NON VTG COM 278265103 2129 66031 SH SOLE 66031 0 0 EATON VANCE LTD DUR INCOME F COM 27828H105 479 30000 SH SOLE 30000 0 0 EDWARDS LIFESCIENCES CORP COM 28176E108 1390 15975 SH SOLE 15975 0 0 ISHARES INC MSCI AUSTRALIA COM 464286103 838 31462 SH SOLE 31462 0 0 EAST WEST BANCORP INC COM 27579R104 1026 46740 SH SOLE 46740 0 0 ISHARES INC MSCI HONG KONG COM 464286871 7036 371707 SH SOLE 371707 0 0 ISHARES INC MSCI JAPAN COM 464286848 4592 445208 SH SOLE 445208 0 0 ISHARES INC MSCI JAPAN OPTION 464286848 553 6167 SH PUT SOLE 6167 0 0 ISHARES INC MSCI MALAYSIA COM 464286830 1608 108700 SH SOLE 108700 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page16 of 45 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ISHARES INC MSCI SINGAPORE COM 464286673 668 48832 SH SOLE 48832 0 0 ISHARES INC MSCI TAIWAN COM 464286731 3141 211306 SH SOLE 211306 0 0 ISHARES INC MSCI UTD KINGD COM 464286699 503 28080 SH SOLE 28080 0 0 ISHARES INC MSCI MEX INVEST COM 464286822 128714 2047963 SH SOLE 2047963 0 0 ISHARES INC MSCI MEX INVEST OPTION 464286822 439 2326 SH PUT SOLE 2326 0 0 ISHARES INC MSCI S KOREA COM 464286772 2433 37815 SH SOLE 37815 0 0 ISHARES INC MSCI BRAZIL COM 464286400 246079 3174798 SH SOLE 3174798 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 1996 4648 SH CALL SOLE 4648 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 4789 17385 SH PUT SOLE 17385 0 0 CORPORATE EXECUTIVE BRD CO COM 21988R102 422 10449 SH SOLE 10449 0 0 EXELON CORP COM 30161N101 9349 226692 SH SOLE 226692 0 0 EXELON CORP OPTION 30161N101 221 1283 SH CALL SOLE 1283 0 0 EXELON CORP OPTION 30161N101 415 2069 SH PUT SOLE 2069 0 0 EXELIXIS INC COM 30161Q104 268 23698 SH SOLE 23698 0 0 EATON VANCE TAX MNG GBL DV E COM 27829F108 1514 143143 SH SOLE 143143 0 0 EXTERRAN HLDGS INC COM 30225X103 379 15971 SH SOLE 15971 0 0 EXPEDITORS INTL WASH INC COM 302130109 3521 70207 SH SOLE 70207 0 0 EXPEDIA INC DEL COM 30212P105 1824 80488 SH SOLE 80488 0 0 EXPEDIA INC DEL OPTION 30212P105 211 1249 SH PUT SOLE 1249 0 0 EXTRA SPACE STORAGE INC COM 30225T102 421 20333 SH SOLE 20333 0 0 EXTREME NETWORKS INC COM 30226D106 52 14861 SH SOLE 14861 0 0 ENERGY XXI (BERMUDA) LTD USD U COM G10082140 407 11934 SH SOLE 11934 0 0 ISHARES INC MSCI STH AFRCA COM 464286780 4242 58172 SH SOLE 58172 0 0 EZCORP INC COM 302301106 235 7481 SH SOLE 7481 0 0 FORD MTR CO DEL PAR $0.01 COM 345370860 31991 2145590 SH SOLE 2145590 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 9187 26481 SH CALL SOLE 26481 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 20362 148158 SH PUT SOLE 148158 0 0 FORD MTR CO DEL BOND CV 345370CF5 359250 2000000 PRN SOLE 2000000 0 0 FORD MTR CO DEL *W EXP 01/01/2 COM 345370134 4476 701500 SH SOLE 701500 0 0 FIRST AMERN FINL CORP COM 31847R102 513 31085 SH SOLE 31085 0 0 DIREXION SHS ETF TR DLY FIN BU COM 25459W516 57534 1900056 SH SOLE 1900056 0 0 FASTENAL CO COM 311900104 1867 28797 SH SOLE 28797 0 0 FLAGSTAR BANCORP INC COM 337930507 21 14206 SH SOLE 14206 0 0 FIBRIA CELULOSE S A SP COM 31573A109 227 13823 SH SOLE 13823 0 0 FOREST CITY ENTERPRISES INC COM 345550107 350 18566 SH SOLE 18566 0 0 FUELCELL ENERGY INC COM 35952H106 55 25657 SH SOLE 25657 0 0 FIRST COMWLTH FINL CORP PA COM 319829107 137 19974 SH SOLE 19974 0 0 FELCOR LODGING TR INC COM 31430F101 3009 490904 SH SOLE 490904 0 0 FELCOR LODGING TR INC PFD CV A COM 31430F200 968 35745 SH SOLE 35745 0 0 FTI CONSULTING INC COM 302941109 302 7880 SH SOLE 7880 0 0 FIRST CTZNS BANCSHARES INC N COM 31946M103 225 1123 SH SOLE 1123 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 19524 351464 SH SOLE 351464 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 4048 9573 SH PUT SOLE 9573 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 2096 2647 SH CALL SOLE 2647 0 0 FAMILY DLR STORES INC COM 307000109 3724 72566 SH SOLE 72566 0 0 FACTSET RESH SYS INC COM 303075105 1586 15141 SH SOLE 15141 0 0 FEDEX CORP COM 31428X106 1562 16693 SH SOLE 16693 0 0 FIRSTENERGY CORP COM 337932107 7962 214673 SH SOLE 214673 0 0 FEI CO COM 30241L109 207 6134 SH SOLE 6134 0 0 F5 NETWORKS INC COM 315616102 4484 43719 SH SOLE 43719 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 4311 215444 SH SOLE 215444 0 0 SUNAMERICA FOCUSE ALPHA LC F COM 867038101 2199 121029 SH SOLE 121029 0 0 FIRST HORIZON NATL CORP COM 320517105 208 18568 SH SOLE 18568 0 0 FAIR ISAAC CORP COM 303250104 390 12335 SH SOLE 12335 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page17 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FORTRESS INVESTMENT GROUP LL COM 34958B106 852 150000 SH SOLE 150000 0 0 FEDERATED INVS INC PA CL B COM 314211103 1436 53674 SH SOLE 53674 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 1388 42456 SH SOLE 42456 0 0 FISERV INC COM 337738108 5813 92680 SH SOLE 92680 0 0 FIFTH THIRD BANCORP COM 316773100 563 40572 SH SOLE 40572 0 0 FOOT LOCKER INC COM 344849104 4764 241573 SH SOLE 241573 0 0 FLEXTRONICS INTL LTD COM Y2573F102 4236 567112 SH SOLE 567112 0 0 FLIR SYS INC COM 302445101 1271 36735 SH SOLE 36735 0 0 FLOWERS FOODS INC COM 343498101 839 30820 SH SOLE 30820 0 0 FLUOR CORP NEW COM 343412102 4353 59096 SH SOLE 59096 0 0 FLOWSERVE CORP COM 34354P105 2013 15632 SH SOLE 15632 0 0 FIRST MIDWEST BANCORP DEL COM 320867104 140 11853 SH SOLE 11853 0 0 FOCUS MEDIA HLDG LTD COM 34415V109 1521 49577 SH SOLE 49577 0 0 FIRSTMERIT CORP COM 337915102 555 32520 SH SOLE 32520 0 0 FRESENIUS MED CARE AG&CO KGA COM 358029106 209 3090 SH SOLE 3090 0 0 FOMENTO ECONOMICO MEXICANO S S COM 344419106 3593 61218 SH SOLE 61218 0 0 FNB CORP PA COM 302520101 202 19138 SH SOLE 19138 0 0 FIDELITY NATIONAL FINANCIAL COM 31620R105 1762 124694 SH SOLE 124694 0 0 FIRST NIAGARA FINL GP INC COM 33582V108 1344 98944 SH SOLE 98944 0 0 FINISAR CORP COM 31787A507 549 22310 SH SOLE 22310 0 0 FORTUNE BRANDS INC COM 349631101 250 4042 SH SOLE 4042 0 0 FORTUNE BRANDS INC OPTION 349631101 440 2000 SH CALL SOLE 2000 0 0 FERRO CORP COM 315405100 3058 184303 SH SOLE 184303 0 0 FOSSIL INC COM 349882100 2013 21500 SH SOLE 21500 0 0 FIRST POTOMAC RLTY TR COM 33610F109 190 12087 SH SOLE 12087 0 0 FIRST INDUSTRIAL REALTY TRUS COM 32054K103 237 19915 SH SOLE 19915 0 0 FORCE PROTECTION INC COM 345203202 57 11598 SH SOLE 11598 0 0 FEDERAL REALTY INVT TR SH BEN COM 313747206 2993 36698 SH SOLE 36698 0 0 FOREST LABS INC COM 345838106 741 22934 SH SOLE 22934 0 0 FIFTH STREET FINANCE CORP COM 31678A103 138 10369 SH SOLE 10369 0 0 FIRST SOLAR INC COM 336433107 9712 60380 SH SOLE 60380 0 0 FRANKLIN STREET PPTYS CORP COM 35471R106 235 16709 SH SOLE 16709 0 0 FOREST OIL CORP PAR $0.01 COM 346091705 1770 46783 SH SOLE 46783 0 0 FRANCE TELECOM COM 35177Q105 2792 124048 SH SOLE 124048 0 0 FMC TECHNOLOGIES INC COM 30249U101 4465 47254 SH SOLE 47254 0 0 FORTINET INC COM 34959E109 975 22083 SH SOLE 22083 0 0 FRONTIER OIL CORP COM 35914P105 1532 52264 SH SOLE 52264 0 0 FRONTIER COMMUNICATIONS CORP COM 35906A108 4033 490656 SH SOLE 490656 0 0 FRONTIER COMMUNICATIONS CORP OPTION 35906A108 1280 4925 SH CALL SOLE 4925 0 0 FULLER H B CO COM 359694106 834 38847 SH SOLE 38847 0 0 FULTON FINL CORP PA COM 360271100 680 61246 SH SOLE 61246 0 0 FOSTER WHEELER AG COM H27178104 1059 28154 SH SOLE 28154 0 0 FX ENERGY INC COM 302695101 191 22897 SH SOLE 22897 0 0 ISHARES TR FTSE CHINA25 IDX COM 464287184 63973 1424479 SH SOLE 1424479 0 0 ISHARES TR FTSE CHINA25 IDX OPTION 464287184 2021 14879 SH CALL SOLE 14879 0 0 ISHARES TR FTSE CHINA25 IDX OPTION 464287184 1351 17787 SH PUT SOLE 17787 0 0 GIANT INTERACTIVE GROUP INC COM 374511103 377 50659 SH SOLE 50659 0 0 SHANDA GAMES LTD SP COM 81941U105 277 43484 SH SOLE 43484 0 0 NICOR INC COM 654086107 956 17801 SH SOLE 17801 0 0 GLACIER BANCORP INC NEW COM 37637Q105 174 11541 SH SOLE 11541 0 0 GREAT BASIN GOLD LTD COM 390124105 1050 397821 SH SOLE 397821 0 0 GANNETT INC COM 364730101 23410 1537120 SH SOLE 1537120 0 0 GENERAL DYNAMICS CORP COM 369550108 20629 269445 SH SOLE 269445 0 0 GENERAL DYNAMICS CORP OPTION 369550108 412 1244 SH CALL SOLE 1244 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page18 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- GARDNER DENVER INC COM 365558105 1151 14747 SH SOLE 14747 0 0 GDL FUND COM SH BEN IT COM 361570104 931 68813 SH SOLE 68813 0 0 GABELLI DIVD & INCOME TR COM 36242H104 299 18000 SH SOLE 18000 0 0 MARKET VECTORS ETF TR GOLD MIN COM 57060U100 16636 276798 SH SOLE 276798 0 0 MARKET VECTORS ETF TR GOLD MIN OPTION 57060U100 1931 2872 SH CALL SOLE 2872 0 0 MARKET VECTORS ETF TR GOLD MIN OPTION 57060U100 1546 8435 SH PUT SOLE 8435 0 0 GENERAL ELECTRIC CO COM 369604103 85503 4264495 SH SOLE 4264495 0 0 GENERAL ELECTRIC CO OPTION 369604103 2558 9300 SH CALL SOLE 9300 0 0 GENERAL ELECTRIC CO OPTION 369604103 6236 49665 SH CALL SOLE 49665 0 0 GENERAL ELECTRIC CO OPTION 369604103 18601 205268 SH PUT SOLE 205268 0 0 GREIF INC COM 397624107 394 6026 SH SOLE 6026 0 0 GENON ENERGY INC COM 37244E107 98135 25757107 SH SOLE 25757107 0 0 GENZYME CORP COM 372917104 7691 100986 SH SOLE 100986 0 0 GEO GROUP INC COM 36159R103 253 9858 SH SOLE 9858 0 0 GERON CORP COM 374163103 97 19126 SH SOLE 19126 0 0 GUESS INC COM 401617105 2111 53656 SH SOLE 53656 0 0 GAYLORD ENTMT CO NEW COM 367905106 509 14675 SH SOLE 14675 0 0 GAFISA S A SPONS COM 362607301 3749 291999 SH SOLE 291999 0 0 GOLD FIELDS LTD NEW COM 38059T106 4425 253412 SH SOLE 253412 0 0 GFI GROUP INC COM 361652209 53 10622 SH SOLE 10622 0 0 GOLDCORP INC NEW COM 380956409 8911 178944 SH SOLE 178944 0 0 GOLDCORP INC NEW OPTION 380956409 1549 3340 SH CALL SOLE 3340 0 0 GOLDCORP INC NEW OPTION 380956409 267 2462 SH PUT SOLE 2462 0 0 GERDAU S A COM 373737105 54383 4350644 SH SOLE 4350644 0 0 GERDAU S A OPTION 373737105 1134 10250 SH PUT SOLE 10250 0 0 GEORGIA GULF CORP COM PAR$0.01 COM 373200302 1683 45499 SH SOLE 45499 0 0 GRACO INC COM 384109104 225 4936 SH SOLE 4936 0 0 GENERAL GROWTH PPTYS INC NEW COM 370023103 2905 187638 SH SOLE 187638 0 0 GREENHILL & CO INC COM 395259104 1442 21915 SH SOLE 21915 0 0 GROUPE CGI INC COM 39945C109 3871 184956 SH SOLE 184956 0 0 GILEAD SCIENCES INC COM 375558103 60165 1416654 SH SOLE 1416654 0 0 GILEAD SCIENCES INC OPTION 375558103 243 1351 SH CALL SOLE 1351 0 0 GILEAD SCIENCES INC BOND CV 375558AH6 243750 2000000 PRN SOLE 2000000 0 0 GENERAL MLS INC COM 370334104 9463 258902 SH SOLE 258902 0 0 GENERAL MLS INC OPTION 370334104 213 3000 SH CALL SOLE 3000 0 0 GLOBAL INDS LTD COM 379336100 164 16791 SH SOLE 16791 0 0 GLOBAL INDS LTD DBCV 2.750% 8/0BOND CV 379336AE0 30281 375000 PRN SOLE 375000 0 0 GLEACHER & CO INC COM 377341102 20 11609 SH SOLE 11609 0 0 SPDR GOLD TRUST GOLD SHS COM 78463V107 95244 680996 SH SOLE 680996 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 2721 2202 SH CALL SOLE 2202 0 0 SPDR GOLD TRUST GOLD SHS OPTION 78463V107 1551 21116 SH PUT SOLE 21116 0 0 CORNING INC COM 219350105 40567 1966391 SH SOLE 1966391 0 0 CORNING INC OPTION 219350105 645 1500 SH CALL SOLE 1500 0 0 GENERAL MTRS CO COM 37045V100 8684 279860 SH SOLE 279860 0 0 GENERAL MTRS CO JR PFD CNV SRB COM 37045V209 6055 125625 SH SOLE 125625 0 0 GREEN MTN COFFEE ROASTERS IN COM 393122106 1275 19737 SH SOLE 19737 0 0 GAMESTOP CORP NEW COM 36467W109 2030 90154 SH SOLE 90154 0 0 GENERAL MOLY INC COM 370373102 65 12124 SH SOLE 12124 0 0 GENERAL MARITIME CORP NEW SHS COM Y2693R101 24 11777 SH SOLE 11777 0 0 GATX CORP COM 361448103 342 8842 SH SOLE 8842 0 0 GMX RES INC COM 38011M108 295 47845 SH SOLE 47845 0 0 GENTEX CORP COM 371901109 732 24211 SH SOLE 24211 0 0 GENWORTH FINL INC COM COM 37247D106 3186 236692 SH SOLE 236692 0 0 GOL LINHAS AEREAS INTLG S A SP COM 38045R107 4507 328247 SH SOLE 328247 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page19 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- GOOGLE INC COM 38259P508 109297 186272 SH SOLE 186272 0 0 GOOGLE INC OPTION 38259P508 1053 687 SH CALL SOLE 687 0 0 GOOGLE INC OPTION 38259P508 5951 3643 SH PUT SOLE 3643 0 0 GENUINE PARTS CO COM 372460105 2622 48889 SH SOLE 48889 0 0 GROUP 1 AUTOMOTIVE INC COM 398905109 600 14014 SH SOLE 14014 0 0 GRAPHIC PACKAGING HLDG CO COM 388689101 99 18216 SH SOLE 18216 0 0 GLOBAL PMTS INC COM 37940X102 1255 25662 SH SOLE 25662 0 0 GULFPORT ENERGY CORP COM 402635304 384 10638 SH SOLE 10638 0 0 GREEN PLAINS RENEWABLE ENERG COM 393222104 517 43048 SH SOLE 43048 0 0 GEN-PROBE INC NEW COM 36866T103 575 8660 SH SOLE 8660 0 0 GAP INC DEL COM 364760108 2742 121007 SH SOLE 121007 0 0 GOODRICH CORP COM 382388106 6618 77376 SH SOLE 77376 0 0 GRACE W R & CO DEL NEW COM 38388F108 1114 29087 SH SOLE 29087 0 0 GARMIN LTD SHS COM H2906T109 4845 143090 SH SOLE 143090 0 0 GLIMCHER RLTY TR SH BEN INT COM 379302102 227 24497 SH SOLE 24497 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 76929 485052 SH SOLE 485052 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 945 1486 SH CALL SOLE 1486 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 19069 16807 SH PUT SOLE 16807 0 0 GLOBALSTAR INC COM 378973408 15 12023 SH SOLE 12023 0 0 GUANGSHEN RY LTD COM 40065W107 295 15673 SH SOLE 15673 0 0 GSI COMMERCE INC COM 36238G102 1621 55373 SH SOLE 55373 0 0 GLAXOSMITHKLINE PLC COM 37733W105 3671 95574 SH SOLE 95574 0 0 GLOBE SPECIALTY METALS INC COM 37954N206 358 15737 SH SOLE 15737 0 0 GOLDEN STAR RES LTD CDA COM 38119T104 123 41347 SH SOLE 41347 0 0 GASTAR EXPL LTD COM 367299203 188 38735 SH SOLE 38735 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 504 33636 SH SOLE 33636 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 544 4350 SH CALL SOLE 4350 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 380 1000 SH PUT SOLE 1000 0 0 GLOBAL DEFENSE TECH SYS INC COM 37950B107 629 25980 SH SOLE 25980 0 0 GRAFTECH INTL LTD COM 384313102 428 20728 SH SOLE 20728 0 0 CHART INDS INC PAR $0.01 COM 16115Q308 258 4693 SH SOLE 4693 0 0 CENTRAL GOLDTRUST TR UNIT COM 153546106 1176 21641 SH SOLE 21641 0 0 GRANITE CONSTR INC COM 387328107 289 10298 SH SOLE 10298 0 0 GENESEE & WYO INC COM 371559105 364 6259 SH SOLE 6259 0 0 GRAINGER W W INC COM 384802104 5480 39806 SH SOLE 39806 0 0 GREAT PLAINS ENERGY INC COM 391164100 449 22424 SH SOLE 22424 0 0 HAEMONETICS CORP COM 405024100 267 4075 SH SOLE 4075 0 0 HANMI FINL CORP COM 410495105 21 17254 SH SOLE 17254 0 0 HAIN CELESTIAL GROUP INC COM 405217100 223 6907 SH SOLE 6907 0 0 HALLIBURTON CO COM 406216101 40290 808396 SH SOLE 808396 0 0 HALLIBURTON CO OPTION 406216101 1213 4725 SH PUT SOLE 4725 0 0 HALLIBURTON CO OPTION 406216101 3282 1900 SH CALL SOLE 1900 0 0 HALOZYME THERAPEUTICS INC COM 40637H109 83 12410 SH SOLE 12410 0 0 HANSEN NAT CORP COM 411310105 1862 30915 SH SOLE 30915 0 0 HARMAN INTL INDS INC COM 413086109 1256 26830 SH SOLE 26830 0 0 HASBRO INC COM 418056107 2175 46429 SH SOLE 46429 0 0 HUNTINGTON BANCSHARES INC COM 446150104 397 59761 SH SOLE 59761 0 0 HSBC HLDGS PLC SPON COM 404280406 3489 67363 SH SOLE 67363 0 0 HANCOCK HLDG CO COM 410120109 330 10055 SH SOLE 10055 0 0 HANESBRANDS INC COM 410345102 322 11908 SH SOLE 11908 0 0 HUDSON CITY BANCORP COM 443683107 4573 472426 SH SOLE 472426 0 0 HCC INS HLDGS INC COM 404132102 1101 35150 SH SOLE 35150 0 0 HEALTH CARE REIT INC COM 42217K106 1192 22725 SH SOLE 22725 0 0 HEALTH CARE REIT INC BOND CV 42217KAQ9 531728 4737000 PRN SOLE 4737000 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page20 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HCP INC COM 40414L109 4697 123804 SH SOLE 123804 0 0 HEALTHCARE SVCS GRP INC COM 421906108 213 12124 SH SOLE 12124 0 0 HOME DEPOT INC COM 437076102 19589 528566 SH SOLE 528566 0 0 HOME DEPOT INC OPTION 437076102 659 4538 SH CALL SOLE 4538 0 0 HOME DEPOT INC OPTION 437076102 1243 8603 SH PUT SOLE 8603 0 0 HDFC BANK LTD COM 40415F101 19134 112590 SH SOLE 112590 0 0 HAWAIIAN ELEC INDUSTRIES COM 419870100 395 15945 SH SOLE 15945 0 0 HEICO CORP NEW COM 422806109 300 4794 SH SOLE 4794 0 0 HECKMANN CORP COM 422680108 93 14204 SH SOLE 14204 0 0 HERCULES OFFSHORE INC COM 427093109 126 19070 SH SOLE 19070 0 0 HESS CORP COM 42809H107 3719 43650 SH SOLE 43650 0 0 HESS CORP OPTION 42809H107 268 375 SH CALL SOLE 375 0 0 ENER1 INC COM 29267A203 31 10362 SH SOLE 10362 0 0 HUMAN GENOME SCIENCES INC COM 444903108 3115 113473 SH SOLE 113473 0 0 HUMAN GENOME SCIENCES INC BOND CV 444903AM0 5508 34000 PRN SOLE 34000 0 0 HOWARD HUGHES CORP COM 44267D107 308 4367 SH SOLE 4367 0 0 HARTE-HANKS INC COM 416196103 134 11288 SH SOLE 11288 0 0 HIBBETT SPORTS INC COM 428567101 353 9863 SH SOLE 9863 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 3355 124594 SH SOLE 124594 0 0 HARTFORD FINL SVCS GROUP INC D COM 416515708 2986 114632 SH SOLE 114632 0 0 HITTITE MICROWAVE CORP COM 43365Y104 375 5881 SH SOLE 5881 0 0 HIGHWOODS PPTYS INC COM 431284108 1094 31253 SH SOLE 31253 0 0 PETROHAWK ENERGY CORP COM 716495106 5845 238185 SH SOLE 238185 0 0 HECLA MNG CO COM 422704106 413 45533 SH SOLE 45533 0 0 HECLA MNG CO OPTION 422704106 1496 2572 SH CALL SOLE 2572 0 0 HERBALIFE LTD COM USD SHS COM G4412G101 2358 28982 SH SOLE 28982 0 0 HARMONIC INC COM 413160102 169 18001 SH SOLE 18001 0 0 HEALTHSOUTH CORP COM 421924309 28288 1132429 SH SOLE 1132429 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 548 31874 SH SOLE 31874 0 0 HEALTH MGMT ASSOC INC NEW COM 421933102 510 46803 SH SOLE 46803 0 0 HOME PROPERTIES INC COM 437306103 520 8816 SH SOLE 8816 0 0 HOME INNS & HOTELS MGMT INC SP COM 43713W107 2259 57091 SH SOLE 57091 0 0 HMS HLDGS CORP COM 40425J101 361 4406 SH SOLE 4406 0 0 HNI CORP COM 404251100 434 13756 SH SOLE 13756 0 0 HUANENG PWR INTL INC SPON COM 443304100 649 27623 SH SOLE 27623 0 0 HEALTH NET INC COM 42222G108 565 17289 SH SOLE 17289 0 0 HEINZ H J CO COM 423074103 4337 88829 SH SOLE 88829 0 0 HOLLY CORP PAR $0.01 COM 435758305 782 12864 SH SOLE 12864 0 0 HARLEY DAVIDSON INC COM 412822108 1503 35364 SH SOLE 35364 0 0 HOLOGIC INC COM 436440101 2536 114255 SH SOLE 114255 0 0 HONEYWELL INTL INC COM 438516106 6645 111290 SH SOLE 111290 0 0 HONEYWELL INTL INC OPTION 438516106 464 4405 SH PUT SOLE 4405 0 0 HONEYWELL INTL INC OPTION 438516106 224 1067 SH CALL SOLE 1067 0 0 HORNBECK OFFSHORE SVCS INC N BOND CV 440543AE6 321179 3269000 PRN SOLE 3269000 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 4560 78464 SH SOLE 78464 0 0 STARWOOD HOTELS&RESORTS WRLD OPTION 85590A401 214 800 SH PUT SOLE 800 0 0 HOVNANIAN ENTERPRISES INC COM 442487203 74 21088 SH SOLE 21088 0 0 HELMERICH & PAYNE INC COM 423452101 828 12056 SH SOLE 12056 0 0 HEWLETT PACKARD CO COM 428236103 74417 1816387 SH SOLE 1816387 0 0 HEWLETT PACKARD CO OPTION 428236103 2195 9371 SH CALL SOLE 9371 0 0 HEWLETT PACKARD CO OPTION 428236103 7219 20322 SH PUT SOLE 20322 0 0 HOSPITALITY PPTYS TR COM SH BE COM 44106M102 2464 106430 SH SOLE 106430 0 0 HEALTHCARE RLTY TR COM 421946104 358 15751 SH SOLE 15751 0 0 BLOCK H & R INC COM 093671105 193 11511 SH SOLE 11511 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page21 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BLOCK H & R INC OPTION 093671105 278 7342 SH PUT SOLE 7342 0 0 BLOCK H & R INC OPTION 093671105 1211 6604 SH CALL SOLE 6604 0 0 HILL ROM HLDGS INC COM 431475102 413 10862 SH SOLE 10862 0 0 HORMEL FOODS CORP COM 440452100 3523 126540 SH SOLE 126540 0 0 HARRIS CORP DEL COM 413875105 1582 31888 SH SOLE 31888 0 0 HEALTHSPRING INC COM 42224N101 352 9414 SH SOLE 9414 0 0 HARSCO CORP COM 415864107 493 13981 SH SOLE 13981 0 0 SCHEIN HENRY INC COM 806407102 2650 37768 SH SOLE 37768 0 0 HSN INC COM 404303109 1036 32351 SH SOLE 32351 0 0 HANWHA SOLARONE CO LTD COM 41135V103 203 26740 SH SOLE 26740 0 0 HOSPIRA INC COM 441060100 673 12190 SH SOLE 12190 0 0 HOST HOTELS & RESORTS INC COM 44107P104 5842 331763 SH SOLE 331763 0 0 HOST HOTELS & RESORTS INC OPTION 44107P104 1311 2300 SH CALL SOLE 2300 0 0 HERSHA HOSPITALITY TR SH BEN I COM 427825104 206 34694 SH SOLE 34694 0 0 HUTCHINSON TECHNOLOGY INC BOND CV 448407AF3 2886 37000 PRN SOLE 37000 0 0 CHINA LODGING GROUP LTD COM 16949N109 174 10000 SH SOLE 10000 0 0 HATTERAS FINL CORP COM 41902R103 389 13827 SH SOLE 13827 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 676 43232 SH SOLE 43232 0 0 HUBBELL INC CL B COM 443510201 772 10866 SH SOLE 10866 0 0 HUB GROUP INC COM 443320106 220 6084 SH SOLE 6084 0 0 HUGHES COMMUNICATIONS INC COM 444398101 694 11625 SH SOLE 11625 0 0 HUMANA INC COM 444859102 1344 19220 SH SOLE 19220 0 0 HUNTSMAN CORP COM 447011107 291 16733 SH SOLE 16733 0 0 HEADWATERS INC COM 42210P102 113 19156 SH SOLE 19156 0 0 HEXCEL CORP NEW COM 428291108 316 16047 SH SOLE 16047 0 0 ISHARES TR HIGH YLD CORP COM 464288513 1510 16425 SH SOLE 16425 0 0 IAC INTERACTIVECORP PAR $.001 COM 44919P508 399 12915 SH SOLE 12915 0 0 ISHARES GOLD TRUST ISHARES COM 464285105 623 44411 SH SOLE 44411 0 0 IBERIABANK CORP COM 450828108 254 4231 SH SOLE 4231 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 77014 472275 SH SOLE 472275 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 3570 12432 SH PUT SOLE 12432 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 8202 6614 SH CALL SOLE 6614 0 0 ICICI BK LTD COM 45104G104 22370 448925 SH SOLE 448925 0 0 ICICI BK LTD OPTION 45104G104 471 1669 SH PUT SOLE 1669 0 0 ICICI BK LTD OPTION 45104G104 980 1250 SH CALL SOLE 1250 0 0 INTERNATIONAL BANCSHARES COR COM 459044103 320 17459 SH SOLE 17459 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 2445 19793 SH SOLE 19793 0 0 INTERNATIONAL COAL GRP INC N COM 45928H106 1638 144981 SH SOLE 144981 0 0 ICO GLOBAL COMM HLDGS LTD DE COM 44930K108 58 21694 SH SOLE 21694 0 0 ICONIX BRAND GROUP INC COM 451055107 334 15560 SH SOLE 15560 0 0 L-1 IDENTITY SOLUTIONS INC COM 50212A106 3533 299922 SH SOLE 299922 0 0 IDACORP INC COM 451107106 611 16027 SH SOLE 16027 0 0 INTERDIGITAL INC COM 45867G101 1041 21822 SH SOLE 21822 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 703 95302 SH SOLE 95302 0 0 IDEXX LABS INC COM 45168D104 797 10324 SH SOLE 10324 0 0 ISHARES TR S&P EURO PLUS COM 464287861 843 20169 SH SOLE 20169 0 0 IDEX CORP COM 45167R104 716 16406 SH SOLE 16406 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 1407 22584 SH SOLE 22584 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 22144 1364405 SH SOLE 1364405 0 0 IGATE CORP COM 45169U105 220 11695 SH SOLE 11695 0 0 ISHARES TR S&P NA SOFTWR COM 464287515 1860 30000 SH SOLE 30000 0 0 IHS INC COM 451734107 1743 19636 SH SOLE 19636 0 0 II VI INC COM 902104108 205 4126 SH SOLE 4126 0 0 INTRALINKS HLDGS INC COM 46118H104 643 24065 SH SOLE 24065 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page22 of 45 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 S&P LTN AM 40 COM 464287390 15917 295918 SH SOLE 295918 0 0 ILLUMINA INC COM 452327109 3663 52277 SH SOLE 52277 0 0 INGRAM MICRO INC COM 457153104 760 36153 SH SOLE 36153 0 0 IMMUNOGEN INC COM 45253H101 101 11091 SH SOLE 11091 0 0 IMMUNOMEDICS INC COM 452907108 39 10167 SH SOLE 10167 0 0 IMPERIAL OIL LTD COM 453038408 412 8063 SH SOLE 8063 0 0 INCYTE CORP COM 45337C102 267 16825 SH SOLE 16825 0 0 INFORMATICA CORP COM 45666Q102 1027 19672 SH SOLE 19672 0 0 INFINERA CORPORATION COM 45667G103 190 22696 SH SOLE 22696 0 0 INFOSYS TECHNOLOGIES LTD COM 456788108 44081 614792 SH SOLE 614792 0 0 ING GROEP N V COM 456837103 4176 328556 SH SOLE 328556 0 0 INOVIO PHARMACEUTICALS INC COM 45773H102 22 19780 SH SOLE 19780 0 0 WORLD FUEL SVCS CORP COM 981475106 1084 26697 SH SOLE 26697 0 0 INTEL CORP COM 458140100 61921 3068412 SH SOLE 3068412 0 0 INTEL CORP OPTION 458140100 2209 34121 SH CALL SOLE 34121 0 0 INTEL CORP OPTION 458140100 7855 58706 SH PUT SOLE 58706 0 0 INTUIT COM 461202103 8438 158884 SH SOLE 158884 0 0 ION GEOPHYSICAL CORP COM 462044108 259 20373 SH SOLE 20373 0 0 INTL PAPER CO COM 460146103 5782 191586 SH SOLE 191586 0 0 INTL PAPER CO OPTION 460146103 263 3000 SH PUT SOLE 3000 0 0 INTERPUBLIC GROUP COS INC COM 460690100 2342 186310 SH SOLE 186310 0 0 IPG PHOTONICS CORP COM 44980X109 248 4308 SH SOLE 4308 0 0 INTREPID POTASH INC COM 46121Y102 5016 144042 SH SOLE 144042 0 0 IMPAX LABORATORIES INC COM 45256B101 613 24072 SH SOLE 24072 0 0 INGERSOLL-RAND PLC SHS COM G47791101 1701 35207 SH SOLE 35207 0 0 INLAND REAL ESTATE CORP COM 457461200 178 18691 SH SOLE 18691 0 0 INVESTORS REAL ESTATE TR SH BE COM 461730103 182 19167 SH SOLE 19167 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 1568 47438 SH SOLE 47438 0 0 IRON MTN INC COM 462846106 494 15817 SH SOLE 15817 0 0 INTERSIL CORP COM 46069S109 135 10846 SH SOLE 10846 0 0 ISIS PHARMACEUTICALS INC COM 464330109 143 15773 SH SOLE 15773 0 0 INTUITIVE SURGICAL INC COM 46120E602 4171 12507 SH SOLE 12507 0 0 GARTNER INC COM 366651107 766 18379 SH SOLE 18379 0 0 ITC HLDGS CORP COM 465685105 301 4306 SH SOLE 4306 0 0 INTERMUNE INC COM 45884X103 386 8188 SH SOLE 8188 0 0 ITRON INC COM 465741106 1272 22532 SH SOLE 22532 0 0 ITT CORP NEW COM 450911102 1514 25211 SH SOLE 25211 0 0 ITAU UNIBANCO HLDG SA SPON COM 465562106 78796 3276344 SH SOLE 3276344 0 0 ITAU UNIBANCO HLDG SA SPON OPTION 465562106 1436 10199 SH PUT SOLE 10199 0 0 ILLINOIS TOOL WKS INC COM 452308109 13517 251622 SH SOLE 251622 0 0 ISHARES TR S&P 500 VALUE COM 464287408 5064 79984 SH SOLE 79984 0 0 IVANHOE MINES LTD COM 46579N103 4665 169897 SH SOLE 169897 0 0 BARCLAYS BK PLC INV 500 SHT FT COM 06740P668 1107 50000 SH SOLE 50000 0 0 INVESCO MORTGAGE CAPITAL INC COM 46131B100 339 15510 SH SOLE 15510 0 0 ISHARES TR S&P 500 INDEX COM 464287200 65644 493530 SH SOLE 493530 0 0 INVESCO LTD SHS COM G491BT108 5259 205733 SH SOLE 205733 0 0 ISHARES TR RUSSELL 1000 COM 464287622 10851 146891 SH SOLE 146891 0 0 ISHARES TR RSSL MCRCP IDX COM 464288869 10632 200000 SH SOLE 200000 0 0 ISHARES TR RUSSELL1000VAL COM 464287598 8807 128253 SH SOLE 128253 0 0 ISHARES TR RUSSELL1000GRW COM 464287614 2383 39407 SH SOLE 39407 0 0 ISHARES TR RUSSELL 2000 COM 464287655 728517 8655305 SH SOLE 8655305 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 18300 62526 SH PUT SOLE 62526 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 55232 84745 SH CALL SOLE 84745 0 0 ISHARES TR RUSL 2000 VALU COM 464287630 9854 130718 SH SOLE 130718 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page23 of 45 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 RUSL 2000 GROW COM 464287648 95340 1000000 SH SOLE 1000000 0 0 ISHARES TR RUSSELL MIDCAP COM 464287499 98091 900000 SH SOLE 900000 0 0 ISHARES TR DJ US REAL EST COM 464287739 256640 4320544 SH SOLE 4320544 0 0 ISHARES TR DJ US REAL EST OPTION 464287739 786 751 SH CALL SOLE 751 0 0 ISHARES TR DJ US REAL EST OPTION 464287739 1843 3999 SH PUT SOLE 3999 0 0 ISHARES TR DJ US TELECOMM COM 464287713 1667 70001 SH SOLE 70001 0 0 JACK IN THE BOX INC COM 466367109 348 15363 SH SOLE 15363 0 0 JAGUAR MNG INC COM 47009M103 70 13379 SH SOLE 13379 0 0 JARDEN CORP COM 471109108 520 14628 SH SOLE 14628 0 0 JA SOLAR HOLDINGS CO LTD SPON COM 466090107 1211 172746 SH SOLE 172746 0 0 HUNT J B TRANS SVCS INC COM 445658107 1004 22094 SH SOLE 22094 0 0 JABIL CIRCUIT INC COM 466313103 2412 118061 SH SOLE 118061 0 0 JETBLUE AIRWAYS CORP COM 477143101 5005 798290 SH SOLE 798290 0 0 JOHNSON CTLS INC COM 478366107 7757 186610 SH SOLE 186610 0 0 JOHNSON CTLS INC OPTION 478366107 299 1300 SH PUT SOLE 1300 0 0 J2 GLOBAL COMMUNICATIONS INC COM 46626E205 798 27048 SH SOLE 27048 0 0 PENNEY J C INC COM 708160106 13892 386854 SH SOLE 386854 0 0 JDA SOFTWARE GROUP INC COM 46612K108 400 13234 SH SOLE 13234 0 0 JDS UNIPHASE CORP PAR $0.001 COM 46612J507 1740 83478 SH SOLE 83478 0 0 JDS UNIPHASE CORP PAR $0.001 OPTION 46612J507 210 200 SH PUT SOLE 200 0 0 JEFFERIES GROUP INC NEW COM 472319102 2072 83077 SH SOLE 83077 0 0 HENRY JACK & ASSOC INC COM 426281101 1056 31148 SH SOLE 31148 0 0 JINKOSOLAR HLDG CO LTD COM 47759T100 240 8876 SH SOLE 8876 0 0 JONES LANG LASALLE INC COM 48020Q107 1639 16435 SH SOLE 16435 0 0 JOHNSON & JOHNSON COM 478160104 76846 1296974 SH SOLE 1296974 0 0 JOHNSON & JOHNSON OPTION 478160104 2859 18251 SH CALL SOLE 18251 0 0 JOHNSON & JOHNSON OPTION 478160104 3672 19834 SH PUT SOLE 19834 0 0 JUNIPER NETWORKS INC COM 48203R104 13233 314475 SH SOLE 314475 0 0 JANUS CAP GROUP INC COM 47102X105 4485 359699 SH SOLE 359699 0 0 JONES GROUP INC COM 48020T101 204 14802 SH SOLE 14802 0 0 51JOB INC SP COM 316827104 341 5333 SH SOLE 5333 0 0 ST JOE CO COM 790148100 533 21254 SH SOLE 21254 0 0 JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 468 51400 SH SOLE 51400 0 0 JOS A BANK CLOTHIERS INC COM 480838101 425 8361 SH SOLE 8361 0 0 JOY GLOBAL INC COM 481165108 19920 201603 SH SOLE 201603 0 0 JPMORGAN CHASE & CO COM 46625H100 162624 3527630 SH SOLE 3527630 0 0 JPMORGAN CHASE & CO OPTION 46625H100 21037 100545 SH PUT SOLE 100545 0 0 JPMORGAN CHASE & CO OPTION 46625H100 5592 45233 SH CALL SOLE 45233 0 0 WILEY JOHN & SONS INC COM 968223206 398 7822 SH SOLE 7822 0 0 NORDSTROM INC COM 655664100 14538 323939 SH SOLE 323939 0 0 NORDSTROM INC OPTION 655664100 600 1500 SH CALL SOLE 1500 0 0 KELLOGG CO COM 487836108 10806 200186 SH SOLE 200186 0 0 KB HOME COM 48666K109 10393 835417 SH SOLE 835417 0 0 KBR INC COM 48242W106 3376 89376 SH SOLE 89376 0 0 KNIGHT CAP GROUP INC COM 499005106 7956 593757 SH SOLE 593757 0 0 KINETIC CONCEPTS INC COM 49460W208 3600 66161 SH SOLE 66161 0 0 KAYDON CORP COM 486587108 242 6167 SH SOLE 6167 0 0 KOREA EQUITY FD INC COM 50063B104 441 32406 SH SOLE 32406 0 0 KEY ENERGY SVCS INC COM 492914106 565 36321 SH SOLE 36321 0 0 KOREA ELECTRIC PWR COM 500631106 1515 123773 SH SOLE 123773 0 0 KIRBY CORP COM 497266106 589 10289 SH SOLE 10289 0 0 KEYCORP NEW COM 493267108 447 50388 SH SOLE 50388 0 0 KRAFT FOODS INC COM 50075N104 23815 759395 SH SOLE 759395 0 0 KRAFT FOODS INC OPTION 50075N104 1443 11395 SH PUT SOLE 11395 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page24 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- KRAFT FOODS INC OPTION 50075N104 2466 6426 SH CALL SOLE 6426 0 0 KORN FERRY INTL COM 500643200 307 13805 SH SOLE 13805 0 0 KINROSS GOLD CORP COM NO PAR COM 496902404 4122 261746 SH SOLE 261746 0 0 KINROSS GOLD CORP COM NO PAR OPTION 496902404 617 3031 SH PUT SOLE 3031 0 0 KIMCO RLTY CORP COM 49446R109 3316 180826 SH SOLE 180826 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 206 29264 SH SOLE 29264 0 0 KLA-TENCOR CORP COM 482480100 2904 61373 SH SOLE 61373 0 0 KULICKE & SOFFA INDS INC COM 501242101 106 11382 SH SOLE 11382 0 0 KIMBERLY CLARK CORP COM 494368103 7032 107742 SH SOLE 107742 0 0 KIMBERLY CLARK CORP OPTION 494368103 366 1462 SH CALL SOLE 1462 0 0 KAYNE ANDERSON MDSTM ENERGY COM 48661E108 303 12100 SH SOLE 12100 0 0 KINDER MORGAN ENERGY PARTNER U COM 494550106 1058 14280 SH SOLE 14280 0 0 KINDER MORGAN MANAGEMENT LLC S COM 49455U100 1262 19242 SH SOLE 19242 0 0 KENNAMETAL INC COM 489170100 544 13945 SH SOLE 13945 0 0 CARMAX INC COM 143130102 1509 46999 SH SOLE 46999 0 0 KINDRED HEALTHCARE INC COM 494580103 447 18729 SH SOLE 18729 0 0 COCA COLA CO COM 191216100 20019 301767 SH SOLE 301767 0 0 COCA COLA CO OPTION 191216100 1663 18342 SH PUT SOLE 18342 0 0 COCA COLA CO OPTION 191216100 7652 14732 SH CALL SOLE 14732 0 0 KODIAK OIL & GAS CORP COM 50015Q100 187 27973 SH SOLE 27973 0 0 KOPIN CORP COM 500600101 51 11075 SH SOLE 11075 0 0 KROGER CO COM 501044101 1461 60937 SH SOLE 60937 0 0 KILROY RLTY CORP COM 49427F108 485 12501 SH SOLE 12501 0 0 SPDR SERIES TRUST KBW REGN BK COM 78464A698 16644 625000 SH SOLE 625000 0 0 KITE RLTY GROUP TR COM 49803T102 76 14284 SH SOLE 14284 0 0 KAPSTONE PAPER & PACKAGING C COM 48562P103 204 11905 SH SOLE 11905 0 0 KOHLS CORP COM 500255104 6439 121408 SH SOLE 121408 0 0 KANSAS CITY SOUTHERN COM 485170302 1556 28580 SH SOLE 28580 0 0 KT CORP COM 48268K101 781 39977 SH SOLE 39977 0 0 QUICKSILVER RESOURCES INC COM 74837R104 1097 76626 SH SOLE 76626 0 0 KAYNE ANDERSON ENRGY TTL RT COM 48660P104 508 16057 SH SOLE 16057 0 0 LOEWS CORP COM 540424108 862 20005 SH SOLE 20005 0 0 LAMAR ADVERTISING CO COM 512815101 1015 27475 SH SOLE 27475 0 0 LANCASTER COLONY CORP COM 513847103 369 6085 SH SOLE 6085 0 0 MAGMA DESIGN AUTOMATION COM 559181102 73 10760 SH SOLE 10760 0 0 LAZARD LTD SHS A COM G54050102 1356 32623 SH SOLE 32623 0 0 LIBERTY GLOBAL INC COM SER A COM 530555101 6428 155226 SH SOLE 155226 0 0 LIBERTY GLOBAL INC COM SER C COM 530555309 1073 26821 SH SOLE 26821 0 0 LIBERTY MEDIA CORP NEW CAP COM COM 53071M302 1122 15224 SH SOLE 15224 0 0 U S AIRWAYS GROUP INC COM 90341W108 575 66057 SH SOLE 66057 0 0 LDK SOLAR CO LTD COM 50183L107 2307 188462 SH SOLE 188462 0 0 LDK SOLAR CO LTD OPTION 50183L107 387 2031 SH PUT SOLE 2031 0 0 LEAR CORP COM 521865204 415 8484 SH SOLE 8484 0 0 LINCOLN ELEC HLDGS INC COM 533900106 541 7120 SH SOLE 7120 0 0 LEGGETT & PLATT INC COM 524660107 796 32492 SH SOLE 32492 0 0 LENNAR CORP COM 526057104 702 38736 SH SOLE 38736 0 0 CHINA LIFE INS CO LTD SPON COM 16939P106 4967 88618 SH SOLE 88618 0 0 LAN AIRLINES S A COM 501723100 3050 119200 SH SOLE 119200 0 0 LONGTOP FINL TECHNOLOGIES LT COM 54318P108 637 20259 SH SOLE 20259 0 0 LITTELFUSE INC COM 537008104 360 6301 SH SOLE 6301 0 0 LIONS GATE ENTMNT CORP COM 535919203 69 11062 SH SOLE 11062 0 0 LABORATORY CORP AMER HLDGS COM 50540R409 616 6681 SH SOLE 6681 0 0 LHC GROUP INC COM 50187A107 522 17397 SH SOLE 17397 0 0 LASALLE HOTEL PPTYS COM SH BEN COM 517942108 496 18375 SH SOLE 18375 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page25 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- LIFE TECHNOLOGIES CORP COM 53217V109 3785 72208 SH SOLE 72208 0 0 LENNOX INTL INC COM 526107107 1214 23081 SH SOLE 23081 0 0 LINN ENERGY LLC UNIT LTD LIAB COM 536020100 841 21591 SH SOLE 21591 0 0 LIBERTY MEDIA CORP NEW INT COM COM 53071M104 5561 346708 SH SOLE 346708 0 0 LIZ CLAIBORNE INC COM 539320101 2856 529916 SH SOLE 529916 0 0 LKQ CORP COM 501889208 1640 68063 SH SOLE 68063 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 7162 91459 SH SOLE 91459 0 0 LINEAR TECHNOLOGY CORP COM 535678106 4023 119631 SH SOLE 119631 0 0 LINEAR TECHNOLOGY CORP BOND CV 535678AC0 22871 213000 PRN SOLE 213000 0 0 LILLY ELI & CO COM 532457108 14277 405936 SH SOLE 405936 0 0 LILLY ELI & CO OPTION 532457108 553 5053 SH PUT SOLE 5053 0 0 LILLY ELI & CO OPTION 532457108 1259 6024 SH CALL SOLE 6024 0 0 LEGG MASON INC COM 524901105 5512 152735 SH SOLE 152735 0 0 LOCKHEED MARTIN CORP COM 539830109 7307 90885 SH SOLE 90885 0 0 LINCOLN NATL CORP IND COM 534187109 37132 1236093 SH SOLE 1236093 0 0 LINCARE HLDGS INC COM 532791100 579 19508 SH SOLE 19508 0 0 ALLIANT ENERGY CORP COM 018802108 899 23086 SH SOLE 23086 0 0 LORILLARD INC COM 544147101 1881 19793 SH SOLE 19793 0 0 LOGITECH INTL S A SHS COM H50430232 344 18999 SH SOLE 18999 0 0 LOWES COS INC COM 548661107 14335 542381 SH SOLE 542381 0 0 LOWES COS INC OPTION 548661107 888 2500 SH CALL SOLE 2500 0 0 LENDER PROCESSING SVCS INC COM 52602E102 2042 63431 SH SOLE 63431 0 0 LOUISIANA PAC CORP COM 546347105 582 55420 SH SOLE 55420 0 0 LAM RESEARCH CORP COM 512807108 4217 74418 SH SOLE 74418 0 0 LIBERTY PPTY TR SH BEN INT COM 531172104 2195 66731 SH SOLE 66731 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 266 45005 SH SOLE 45005 0 0 CAPLEASE INC COM 140288101 75 13756 SH SOLE 13756 0 0 LSI CORPORATION COM 502161102 1119 164553 SH SOLE 164553 0 0 LIBERTY MEDIA CORP NEW LIB STA COM 53071M708 312 4020 SH SOLE 4020 0 0 LTC PPTYS INC COM 502175102 219 7727 SH SOLE 7727 0 0 LIMITED BRANDS INC COM 532716107 1294 39341 SH SOLE 39341 0 0 LIFE TIME FITNESS INC COM 53217R207 484 12966 SH SOLE 12966 0 0 LADENBURG THALMAN FIN SVCS I COM 50575Q102 18 15456 SH SOLE 15456 0 0 LTX-CREDENCE CORP COM 502403207 529 57990 SH SOLE 57990 0 0 LUCENT TECHNOLOGIES INC DBCV 2 BOND CV 549463AH0 435859 4505000 PRN SOLE 4505000 0 0 LUFKIN INDS INC COM 549764108 453 4849 SH SOLE 4849 0 0 LULULEMON ATHLETICA INC COM 550021109 560 6292 SH SOLE 6292 0 0 SOUTHWEST AIRLS CO COM 844741108 1233 97590 SH SOLE 97590 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 3446 2344022 SH SOLE 2344022 0 0 LAS VEGAS SANDS CORP COM 517834107 27553 652599 SH SOLE 652599 0 0 LAS VEGAS SANDS CORP OPTION 517834107 1466 4350 SH PUT SOLE 4350 0 0 LAWSON SOFTWARE INC NEW COM 52078P102 2054 169742 SH SOLE 169742 0 0 LEXMARK INTL NEW COM 529771107 215 5806 SH SOLE 5806 0 0 LEXINGTON REALTY TRUST COM 529043101 254 27168 SH SOLE 27168 0 0 LEXICON PHARMACEUTICALS INC COM 528872104 52 30816 SH SOLE 30816 0 0 LYONDELLBASELL INDUSTRIES N SH COM N53745100 2224 56245 SH SOLE 56245 0 0 LIVE NATION ENTERTAINMENT IN COM 538034109 244 24359 SH SOLE 24359 0 0 LUBRIZOL CORP COM 549271104 20305 151576 SH SOLE 151576 0 0 MACYS INC COM 55616P104 6302 259777 SH SOLE 259777 0 0 MACYS INC OPTION 55616P104 267 2850 SH CALL SOLE 2850 0 0 MACYS INC OPTION 55616P104 328 2000 SH PUT SOLE 2000 0 0 MASTERCARD INC COM 57636Q104 3550 14104 SH SOLE 14104 0 0 MID-AMER APT CMNTYS INC COM 59522J103 556 8661 SH SOLE 8661 0 0 MACERICH CO COM 554382101 3818 77078 SH SOLE 77078 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page26 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MANPOWER INC COM 56418H100 2146 34121 SH SOLE 34121 0 0 MANHATTAN ASSOCS INC COM 562750109 279 8512 SH SOLE 8512 0 0 MANTECH INTL CORP COM 564563104 302 7128 SH SOLE 7128 0 0 MARRIOTT INTL INC NEW COM 571903202 14311 402229 SH SOLE 402229 0 0 MARRIOTT INTL INC NEW OPTION 571903202 574 1750 SH PUT SOLE 1750 0 0 MASCO CORP COM 574599106 2779 199615 SH SOLE 199615 0 0 MASIMO CORP COM 574795100 252 7603 SH SOLE 7603 0 0 MATTEL INC COM 577081102 5913 237197 SH SOLE 237197 0 0 MATTHEWS INTL CORP COM 577128101 329 8528 SH SOLE 8528 0 0 MBIA INC COM 55262C100 457 45566 SH SOLE 45566 0 0 MOBILE TELESYSTEMS OJSC COM 607409109 35403 1667585 SH SOLE 1667585 0 0 MCDONALDS CORP COM 580135101 49045 644565 SH SOLE 644565 0 0 MCDONALDS CORP OPTION 580135101 2639 7799 SH PUT SOLE 7799 0 0 MCDONALDS CORP OPTION 580135101 4872 6288 SH CALL SOLE 6288 0 0 MCG CAPITAL CORP COM 58047P107 80 12225 SH SOLE 12225 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 613 16131 SH SOLE 16131 0 0 MCKESSON CORP COM 58155Q103 7535 95319 SH SOLE 95319 0 0 MOODYS CORP COM 615369105 1371 40419 SH SOLE 40419 0 0 MOLYCORP INC DEL COM 608753109 2686 44746 SH SOLE 44746 0 0 MOLYCORP INC DEL PFD CONV SER ACOM 608753208 9842 85900 SH SOLE 85900 0 0 MICREL INC COM 594793101 283 20997 SH SOLE 20997 0 0 MICROS SYS INC COM 594901100 505 10213 SH SOLE 10213 0 0 MERCURY GENL CORP NEW COM 589400100 362 9258 SH SOLE 9258 0 0 MEDNAX INC COM 58502B106 965 14483 SH SOLE 14483 0 0 M D C HLDGS INC COM 552676108 205 8089 SH SOLE 8089 0 0 MEDICINES CO COM 584688105 288 17708 SH SOLE 17708 0 0 MEREDITH CORP COM 589433101 472 13907 SH SOLE 13907 0 0 MCDERMOTT INTL INC COM 580037109 1566 61685 SH SOLE 61685 0 0 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 25381 1209186 SH SOLE 1209186 0 0 MEDTRONIC INC COM 585055106 6940 176378 SH SOLE 176378 0 0 MEDTRONIC INC OPTION 585055106 434 2202 SH CALL SOLE 2202 0 0 MEDTRONIC INC OPTION 585055106 228 6756 SH PUT SOLE 6756 0 0 MEDTRONIC INC BOND CV 585055AL0 144000 1440000 PRN SOLE 1440000 0 0 MEDTRONIC INC BOND CV 585055AM8 1816096 17632000 PRN SOLE 17632000 0 0 MDU RES GROUP INC COM 552690109 1663 72415 SH SOLE 72415 0 0 SPDR S&P MIDCAP 400 ETF TR UTS COM 78467Y107 64322 358239 SH SOLE 358239 0 0 MASSEY ENERGY COMPANY COM 576206106 2600 38039 SH SOLE 38039 0 0 MASSEY ENERGY CO BOND CV 576203AJ2 884298 7817000 PRN SOLE 7817000 0 0 MERCADOLIBRE INC COM 58733R102 306 3748 SH SOLE 3748 0 0 MENTOR GRAPHICS CORP COM 587200106 252 17234 SH SOLE 17234 0 0 METLIFE INC COM 59156R108 13504 301894 SH SOLE 301894 0 0 METLIFE INC OPTION 59156R108 284 1925 SH CALL SOLE 1925 0 0 METLIFE INC OPTION 59156R108 1130 4450 SH PUT SOLE 4450 0 0 METLIFE INC UNIT 99/99/9999 COM 59156R116 8687 102375 SH SOLE 102375 0 0 MF GLOBAL HLDGS LTD COM 55277J108 1777 214671 SH SOLE 214671 0 0 MFA FINANCIAL INC COM 55272X102 5034 613882 SH SOLE 613882 0 0 MINEFINDERS LTD COM 602900102 2292 174000 SH SOLE 174000 0 0 MONEYGRAM INTL INC COM 60935Y109 44 12947 SH SOLE 12947 0 0 MAGELLAN HEALTH SVCS INC COM 559079207 268 5455 SH SOLE 5455 0 0 MGM RESORTS INTERNATIONAL COM 552953101 13262 1008539 SH SOLE 1008539 0 0 MOHAWK INDS INC COM 608190104 1426 23317 SH SOLE 23317 0 0 MCGRAW HILL COS INC COM 580645109 1963 49822 SH SOLE 49822 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 8831 157244 SH SOLE 157244 0 0 MEDCO HEALTH SOLUTIONS INC OPTION 58405U102 385 500 SH PUT SOLE 500 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page27 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MARSHALL & ILSLEY CORP NEW COM 571837103 7380 923677 SH SOLE 923677 0 0 MILLICOM INTL CELLULAR S A SHS COM L6388F110 3060 31817 SH SOLE 31817 0 0 MIDDLEBY CORP COM 596278101 254 2728 SH SOLE 2728 0 0 MIPS TECHNOLOGIES INC COM 604567107 261 24852 SH SOLE 24852 0 0 MICROMET INC COM 59509C105 82 14699 SH SOLE 14699 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 3002 51823 SH SOLE 51823 0 0 MCCORMICK & CO INC COM NON VTG COM 579780206 4315 90221 SH SOLE 90221 0 0 MARKEL CORP COM 570535104 915 2208 SH SOLE 2208 0 0 MKS INSTRUMENT INC COM 55306N104 503 15116 SH SOLE 15116 0 0 MILLER HERMAN INC COM 600544100 471 17132 SH SOLE 17132 0 0 MUELLER INDS INC COM 624756102 221 6048 SH SOLE 6048 0 0 MARTIN MARIETTA MATLS INC COM 573284106 1621 18074 SH SOLE 18074 0 0 MARTIN MARIETTA MATLS INC OPTION 573284106 430 250 SH CALL SOLE 250 0 0 MARSH & MCLENNAN COS INC COM 571748102 567 19019 SH SOLE 19019 0 0 MOTOROLA MOBILITY HLDGS INC COM 620097105 2469 101176 SH SOLE 101176 0 0 MOTOROLA MOBILITY HLDGS INC OPTION 620097105 915 6757 SH PUT SOLE 6757 0 0 3M CO COM 88579Y101 23169 247801 SH SOLE 247801 0 0 3M CO OPTION 88579Y101 931 5852 SH PUT SOLE 5852 0 0 3M CO OPTION 88579Y101 1315 4049 SH CALL SOLE 4049 0 0 MAGELLAN MIDSTREAM PRTNRS LP C COM 559080106 413 6902 SH SOLE 6902 0 0 MCMORAN EXPLORATION CO COM 582411104 306 17285 SH SOLE 17285 0 0 MAXIMUS INC COM 577933104 905 11147 SH SOLE 11147 0 0 MCCLATCHY CO COM 579489105 4931 1450432 SH SOLE 1450432 0 0 MANNKIND CORP COM 56400P201 39 10763 SH SOLE 10763 0 0 ALTRIA GROUP INC COM 02209S103 22391 860209 SH SOLE 860209 0 0 ALTRIA GROUP INC OPTION 02209S103 811 3760 SH CALL SOLE 3760 0 0 ALTRIA GROUP INC OPTION 02209S103 1002 16999 SH PUT SOLE 16999 0 0 ALTRIA GROUP INC OPTION 02209S103 1059 7942 SH CALL SOLE 7942 0 0 MOOG INC COM 615394202 335 7307 SH SOLE 7307 0 0 MOLEX INC COM 608554101 1049 41748 SH SOLE 41748 0 0 MONSANTO CO NEW COM 61166W101 50931 704825 SH SOLE 704825 0 0 MONSANTO CO NEW OPTION 61166W101 3317 11544 SH PUT SOLE 11544 0 0 MONSANTO CO NEW OPTION 61166W101 4171 3386 SH CALL SOLE 3386 0 0 MORNINGSTAR INC COM 617700109 268 4587 SH SOLE 4587 0 0 MOSAIC CO COM 61945A107 21803 276865 SH SOLE 276865 0 0 MOSAIC CO OPTION 61945A107 2156 1400 SH CALL SOLE 1400 0 0 MOVE INC COM COM 62458M108 58 24262 SH SOLE 24262 0 0 MELCO CROWN ENTMT LTD COM 585464100 541 71237 SH SOLE 71237 0 0 MEDICAL PPTYS TRUST INC COM 58463J304 318 27491 SH SOLE 27491 0 0 MONOLITHIC PWR SYS INC COM 609839105 258 18167 SH SOLE 18167 0 0 MINDRAY MEDICAL INTL LTD SPON COM 602675100 697 27646 SH SOLE 27646 0 0 MERCK & CO INC NEW COM 58933Y105 37594 1138865 SH SOLE 1138865 0 0 MERCK & CO INC NEW OPTION 58933Y105 3355 16145 SH CALL SOLE 16145 0 0 MERCK & CO INC NEW OPTION 58933Y105 3511 24521 SH PUT SOLE 24521 0 0 MARATHON OIL CORP COM 565849106 2314 43412 SH SOLE 43412 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 7579 487368 SH SOLE 487368 0 0 MEDICIS PHARMACEUTICAL CORP COM 584690309 622 19423 SH SOLE 19423 0 0 MORGAN STANLEY COM 617446448 17930 656280 SH SOLE 656280 0 0 MORGAN STANLEY OPTION 617446448 1446 18975 SH PUT SOLE 18975 0 0 MINE SAFETY APPLIANCES CO COM 602720104 314 8564 SH SOLE 8564 0 0 MICROSEMI CORP COM 595137100 1292 62379 SH SOLE 62379 0 0 MSCI INC COM 55354G100 1202 32651 SH SOLE 32651 0 0 MICROSOFT CORP COM 594918104 122060 4807393 SH SOLE 4807393 0 0 MICROSOFT CORP OPTION 594918104 4468 28187 SH CALL SOLE 28187 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page28 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MICROSOFT CORP OPTION 594918104 9709 63198 SH PUT SOLE 63198 0 0 MOTOROLA SOLUTIONS INC COM 620076307 7749 173384 SH SOLE 173384 0 0 MOTOROLA SOLUTIONS INC OPTION 620076307 332 5738 SH PUT SOLE 5738 0 0 MOTOROLA SOLUTIONS INC OPTION 620076307 593 2536 SH CALL SOLE 2536 0 0 MICROSTRATEGY INC COM 594972408 380 2824 SH SOLE 2824 0 0 ARCELORMITTAL SA LUXEMBOURG NY COM 03938L104 9647 266871 SH SOLE 266871 0 0 M & T BK CORP COM 55261F104 247 2792 SH SOLE 2792 0 0 METTLER TOLEDO INTERNATIONAL COM 592688105 1025 5957 SH SOLE 5957 0 0 MGIC INVT CORP WIS COM 552848103 8190 921240 SH SOLE 921240 0 0 MERITAGE HOMES CORP COM 59001A102 339 14042 SH SOLE 14042 0 0 MECHEL OAO COM 583840103 10224 332067 SH SOLE 332067 0 0 VAIL RESORTS INC COM 91879Q109 697 14295 SH SOLE 14295 0 0 MANITOWOC INC COM 563571108 423 19345 SH SOLE 19345 0 0 MINERALS TECHNOLOGIES INC COM 603158106 401 5851 SH SOLE 5851 0 0 MICRON TECHNOLOGY INC COM 595112103 17789 1550951 SH SOLE 1550951 0 0 MICRON TECHNOLOGY INC OPTION 595112103 810 3000 SH CALL SOLE 3000 0 0 MICRON TECHNOLOGY INC OPTION 595112103 2536 20701 SH PUT SOLE 20701 0 0 MICRON TECHNOLOGY INC BOND CV 595112AH6 815625 7500000 PRN SOLE 7500000 0 0 MURPHY OIL CORP COM 626717102 6913 94157 SH SOLE 94157 0 0 MICROVISION INC DEL COM 594960106 23 17242 SH SOLE 17242 0 0 MENS WEARHOUSE INC COM 587118100 5644 208570 SH SOLE 208570 0 0 MUELLER WTR PRODS INC COM SER ACOM 624758108 2050 457605 SH SOLE 457605 0 0 MARKWEST ENERGY PARTNERS L P U OPTION 570759100 380 1119 SH CALL SOLE 1119 0 0 MEADWESTVACO CORP COM 583334107 1359 44815 SH SOLE 44815 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 5258 205406 SH SOLE 205406 0 0 MYLAN INC COM 628530107 6174 272463 SH SOLE 272463 0 0 MYLAN INC BOND CV 628530AG2 203731 1850000 PRN SOLE 1850000 0 0 NEWALLIANCE BANCSHARES INC COM 650203102 5189 349654 SH SOLE 349654 0 0 NATIONAL INSTRS CORP COM 636518102 498 15193 SH SOLE 15193 0 0 NAVISTAR INTL CORP NEW COM 63934E108 4028 58097 SH SOLE 58097 0 0 NAVISITE INC COM 63935M208 559 101748 SH SOLE 101748 0 0 NOBLE ENERGY INC COM 655044105 5648 58438 SH SOLE 58438 0 0 NABORS INDS INC BOND CV 629568AP1 49750 500000 PRN SOLE 500000 0 0 NCR CORP NEW COM 62886E108 767 40692 SH SOLE 40692 0 0 NEWCASTLE INVT CORP COM 65105M108 91 15114 SH SOLE 15114 0 0 NASDAQ OMX GROUP INC COM 631103108 2268 87778 SH SOLE 87778 0 0 99 CENTS ONLY STORES COM 65440K106 1262 64382 SH SOLE 64382 0 0 NORDSON CORP COM 655663102 1192 10363 SH SOLE 10363 0 0 NOBLE CORPORATION BAAR NAMEN - COM H5833N103 1283 28122 SH SOLE 28122 0 0 NEXTERA ENERGY INC COM 65339F101 5869 106474 SH SOLE 106474 0 0 NEWMONT MINING CORP COM 651639106 25816 472992 SH SOLE 472992 0 0 NEWMONT MINING CORP OPTION 651639106 1391 3850 SH PUT SOLE 3850 0 0 NETLOGIC MICROSYSTEMS INC COM 64118B100 715 17005 SH SOLE 17005 0 0 NEWMARKET CORP COM 651587107 671 4242 SH SOLE 4242 0 0 NATIONAL FUEL GAS CO N J COM 636180101 1098 14838 SH SOLE 14838 0 0 NETFLIX INC COM 64110L106 5332 22425 SH SOLE 22425 0 0 NETFLIX INC OPTION 64110L106 1406 548 SH CALL SOLE 548 0 0 NETFLIX INC OPTION 64110L106 877 303 SH PUT SOLE 303 0 0 NEWFIELD EXPL CO COM 651290108 728 9580 SH SOLE 9580 0 0 NEW GOLD INC CDA COM 644535106 126 10743 SH SOLE 10743 0 0 NATIONAL HEALTH INVS INC COM 63633D104 292 6089 SH SOLE 6089 0 0 NATIONWIDE HEALTH PPTYS INC COM 638620104 2112 49659 SH SOLE 49659 0 0 NISOURCE INC COM 65473P105 840 43799 SH SOLE 43799 0 0 NII HLDGS INC CL B COM 62913F201 1437 34495 SH SOLE 34495 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page29 of 45 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NEW JERSEY RES COM 646025106 316 7365 SH SOLE 7365 0 0 NIKE INC CL B COM 654106103 30764 406398 SH SOLE 406398 0 0 NIKE INC CL B OPTION 654106103 304 1231 SH PUT SOLE 1231 0 0 NEKTAR THERAPEUTICS COM 640268108 271 28649 SH SOLE 28649 0 0 NALCO HOLDING COMPANY COM 62985Q101 4022 147260 SH SOLE 147260 0 0 ANNALY CAP MGMT INC COM 035710409 5091 291731 SH SOLE 291731 0 0 NATIONAL RETAIL PROPERTIES I COM 637417106 509 19482 SH SOLE 19482 0 0 NATIONAL RETAIL PROPERTIES I BOND CV 637417AC0 21529 185000 PRN SOLE 185000 0 0 NORTHROP GRUMMAN CORP COM 666807102 1098 17505 SH SOLE 17505 0 0 NORTHERN OIL & GAS INC NEV COM 665531109 1255 47016 SH SOLE 47016 0 0 NOKIA CORP COM 654902204 6026 708122 SH SOLE 708122 0 0 NOKIA CORP OPTION 654902204 213 5519 SH CALL SOLE 5519 0 0 NOKIA CORP OPTION 654902204 227 4064 SH PUT SOLE 4064 0 0 NATIONAL OILWELL VARCO INC COM 637071101 9461 119351 SH SOLE 119351 0 0 NATIONAL OILWELL VARCO INC OPTION 637071101 469 677 SH PUT SOLE 677 0 0 NOVELL INC COM 670006105 3456 582739 SH SOLE 582739 0 0 NATIONAL PENN BANCSHARES INC COM 637138108 158 20381 SH SOLE 20381 0 0 NPS PHARMACEUTICALS INC COM 62936P103 107 11172 SH SOLE 11172 0 0 NEWPARK RES INC PAR $.01 NEW COM 651718504 119 15103 SH SOLE 15103 0 0 NORTHSTAR RLTY FIN CORP COM 66704R100 63 11712 SH SOLE 11712 0 0 NRG ENERGY INC COM 629377508 4002 185787 SH SOLE 185787 0 0 NORFOLK SOUTHERN CORP COM 655844108 3500 50523 SH SOLE 50523 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 1001 69827 SH SOLE 69827 0 0 NEUSTAR INC COM 64126X201 1233 48221 SH SOLE 48221 0 0 NSTAR COM 67019E107 2694 58231 SH SOLE 58231 0 0 NETAPP INC COM 64110D104 47263 981627 SH SOLE 981627 0 0 NETEASE COM INC COM 64110W102 1002 20235 SH SOLE 20235 0 0 NETGEAR INC COM 64111Q104 634 19545 SH SOLE 19545 0 0 NORTHERN TR CORP COM 665859104 3154 62141 SH SOLE 62141 0 0 NORTHEAST UTILS COM 664397106 1594 46071 SH SOLE 46071 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 1862 95261 SH SOLE 95261 0 0 NUCOR CORP COM 670346105 8584 186533 SH SOLE 186533 0 0 NUCOR CORP OPTION 670346105 563 1102 SH PUT SOLE 1102 0 0 NU SKIN ENTERPRISES INC COM 67018T105 902 31382 SH SOLE 31382 0 0 NUVASIVE INC COM 670704105 665 26276 SH SOLE 26276 0 0 NOVAVAX INC COM 670002104 38 14635 SH SOLE 14635 0 0 NVIDIA CORP COM 67066G104 34481 1867893 SH SOLE 1867893 0 0 NV ENERGY INC COM 67073Y106 629 42238 SH SOLE 42238 0 0 NOVELLUS SYS INC COM 670008101 996 26822 SH SOLE 26822 0 0 NVR INC COM 62944T105 838 1109 SH SOLE 1109 0 0 NOVARTIS A G COM 66987V109 263 4848 SH SOLE 4848 0 0 NORTHWEST BANCSHARES INC MD COM 667340103 223 17768 SH SOLE 17768 0 0 NEWELL RUBBERMAID INC COM 651229106 4885 255356 SH SOLE 255356 0 0 NEWS CORP CL B COM 65248E203 1887 101347 SH SOLE 101347 0 0 NEWS CORP COM 65248E104 2410 137092 SH SOLE 137092 0 0 NEWS CORP OPTION 65248E104 617 7384 SH CALL SOLE 7384 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 3966 229770 SH SOLE 229770 0 0 NEW YORK TIMES CO COM 650111107 332 35057 SH SOLE 35057 0 0 NYSE EURONEXT COM 629491101 3063 87098 SH SOLE 87098 0 0 REALTY INCOME CORP COM 756109104 1679 48039 SH SOLE 48039 0 0 OASIS PETE INC NEW COM 674215108 246 7794 SH SOLE 7794 0 0 OWENS CORNING NEW COM 690742101 1304 36231 SH SOLE 36231 0 0 OCWEN FINL CORP COM 675746309 133 12082 SH SOLE 12082 0 0 OMNICARE INC COM 681904108 2504 83482 SH SOLE 83482 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page30 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- OMNICARE INC DBCV 3.250%12/1 BOND CV 681904AL2 3339 36000 PRN SOLE 36000 0 0 OLD DOMINION FGHT LINES INC COM 679580100 243 6911 SH SOLE 6911 0 0 OFFICE DEPOT INC COM 676220106 6525 1409199 SH SOLE 1409199 0 0 ISHARES TR S&P 100 IDX FD COM 464287101 28769 484733 SH SOLE 484733 0 0 ORIENT-EXPRESS HOTELS LTD COM G67743107 201 16241 SH SOLE 16241 0 0 CORPORATE OFFICE PPTYS TR SH B COM 22002T108 979 27087 SH SOLE 27087 0 0 OGE ENERGY CORP COM 670837103 823 16274 SH SOLE 16274 0 0 OMEGA HEALTHCARE INVS INC COM 681936100 868 38834 SH SOLE 38834 0 0 OWENS ILL INC COM 690768403 4855 160815 SH SOLE 160815 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTCOM 678002106 47313 287865 SH SOLE 287865 0 0 OCEANEERING INTL INC COM 675232102 1982 22159 SH SOLE 22159 0 0 O2MICRO INTERNATIONAL LTD SPONSCOM 67107W100 196 25826 SH SOLE 25826 0 0 OIL STS INTL INC COM 678026105 1162 15263 SH SOLE 15263 0 0 ONEOK INC NEW COM 682680103 3230 48302 SH SOLE 48302 0 0 OLIN CORP PAR $1 COM 680665205 901 39316 SH SOLE 39316 0 0 OMNICOM GROUP INC COM 681919106 4809 98019 SH SOLE 98019 0 0 OM GROUP INC COM 670872100 276 7553 SH SOLE 7553 0 0 OWENS & MINOR INC NEW COM 690732102 595 18307 SH SOLE 18307 0 0 OFFICEMAX INC DEL COM 67622P101 1944 150229 SH SOLE 150229 0 0 OLD NATL BANCORP IND COM 680033107 203 18921 SH SOLE 18921 0 0 ON SEMICONDUCTOR CORP COM 682189105 1010 102465 SH SOLE 102465 0 0 ONYX PHARMACEUTICALS INC COM 683399109 464 13191 SH SOLE 13191 0 0 OPENTABLE INC COM 68372A104 275 2588 SH SOLE 2588 0 0 OPKO HEALTH INC COM 68375N103 66 17723 SH SOLE 17723 0 0 OPENWAVE SYS INC COM 683718308 26 12192 SH SOLE 12192 0 0 OPNEXT INC COM 68375V105 27 11223 SH SOLE 11223 0 0 ORMAT TECHNOLOGIES INC COM 686688102 263 10365 SH SOLE 10365 0 0 ORACLE CORP COM 68389X105 61504 1839638 SH SOLE 1839638 0 0 ORACLE CORP OPTION 68389X105 1478 7671 SH CALL SOLE 7671 0 0 ORACLE CORP OPTION 68389X105 3666 23943 SH PUT SOLE 23943 0 0 OLD REP INTL CORP COM 680223104 1766 139172 SH SOLE 139172 0 0 O REILLY AUTOMOTIVE INC NEW COM 67103H107 2948 51312 SH SOLE 51312 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 1346 41870 SH SOLE 41870 0 0 OSHKOSH CORP COM 688239201 1971 55697 SH SOLE 55697 0 0 OPEN TEXT CORP COM 683715106 1982 31800 SH SOLE 31800 0 0 OMNIVISION TECHNOLOGIES INC COM 682128103 316 8899 SH SOLE 8899 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 10640 101828 SH SOLE 101828 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 1867 1969 SH CALL SOLE 1969 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 1892 8186 SH PUT SOLE 8186 0 0 PLAINS ALL AMERN PIPELINE L UN COM 726503105 698 10955 SH SOLE 10955 0 0 PAN AMERICAN SILVER CORP COM 697900108 2108 56766 SH SOLE 56766 0 0 GPO AEROPORTUARIO DEL PAC SA S COM 400506101 1181 27800 SH SOLE 27800 0 0 PAETEC HOLDING CORP COM 695459107 69 20559 SH SOLE 20559 0 0 NORTH AMERN PALLADIUM LTD COM 656912102 1187 182900 SH SOLE 182900 0 0 UNIVERSAL DISPLAY CORP COM 91347P105 361 6555 SH SOLE 6555 0 0 VERIFONE SYS INC COM 92342Y109 975 17742 SH SOLE 17742 0 0 PAYCHEX INC COM 704326107 7099 226188 SH SOLE 226188 0 0 PITNEY BOWES INC COM 724479100 1754 68286 SH SOLE 68286 0 0 PITNEY BOWES INC OPTION 724479100 398 3150 SH CALL SOLE 3150 0 0 PETROLEO BRASILEIRO SA PETRO COM 71654V408 133934 3312729 SH SOLE 3312729 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 780 1543 SH CALL SOLE 1543 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 1154 3330 SH PUT SOLE 3330 0 0 PETROLEO BRASILEIRO SA PETRO SPCOM 71654V101 7880 221709 SH SOLE 221709 0 0 PACCAR INC COM 693718108 1827 34892 SH SOLE 34892 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page31 of 45 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 4294 97183 SH SOLE 97183 0 0 POTLATCH CORP NEW COM 737630103 482 11979 SH SOLE 11979 0 0 PLUM CREEK TIMBER CO INC COM 729251108 3371 77288 SH SOLE 77288 0 0 PRICELINE COM INC COM 741503403 9505 18769 SH SOLE 18769 0 0 PRICELINE COM INC OPTION 741503403 2653 738 SH PUT SOLE 738 0 0 PRICELINE COM INC OPTION 741503403 4776 227 SH CALL SOLE 227 0 0 PRECISION CASTPARTS CORP COM 740189105 425 2886 SH SOLE 2886 0 0 METROPCS COMMUNICATIONS INC COM 591708102 647 39850 SH SOLE 39850 0 0 PATRIOT COAL CORP COM 70336T104 926 35831 SH SOLE 35831 0 0 PATTERSON COMPANIES INC COM 703395103 1564 48575 SH SOLE 48575 0 0 PRIDE INTL INC DEL COM 74153Q102 8652 201451 SH SOLE 201451 0 0 PRIDE INTL INC DEL OPTION 74153Q102 405 1800 SH CALL SOLE 1800 0 0 PDL BIOPHARMA INC COM 69329Y104 134 23048 SH SOLE 23048 0 0 PIEDMONT OFFICE REALTY TR IN C COM 720190206 378 19496 SH SOLE 19496 0 0 PEBBLEBROOK HOTEL TR COM 70509V100 204 9226 SH SOLE 9226 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 1704 54089 SH SOLE 54089 0 0 PENNSYLVANIA RL ESTATE INVT SH COM 709102107 193 13538 SH SOLE 13538 0 0 PENN NATL GAMING INC COM 707569109 462 12454 SH SOLE 12454 0 0 PEPSICO INC COM 713448108 32365 502477 SH SOLE 502477 0 0 PEPSICO INC OPTION 713448108 2655 8068 SH CALL SOLE 8068 0 0 PEPSICO INC OPTION 713448108 2387 10878 SH PUT SOLE 10878 0 0 PETSMART INC COM 716768106 3541 86467 SH SOLE 86467 0 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 4328 93703 SH SOLE 93703 0 0 PFIZER INC COM 717081103 50767 2499597 SH SOLE 2499597 0 0 PFIZER INC OPTION 717081103 4405 73340 SH PUT SOLE 73340 0 0 PFIZER INC OPTION 717081103 200 500 SH PUT SOLE 500 0 0 PFIZER INC OPTION 717081103 8664 30558 SH CALL SOLE 30558 0 0 PRINCIPAL FINL GROUP INC COM 74251V102 3313 103166 SH SOLE 103166 0 0 PROCTER & GAMBLE CO COM 742718109 72543 1177648 SH SOLE 1177648 0 0 PROCTER & GAMBLE CO OPTION 742718109 1110 10576 SH CALL SOLE 10576 0 0 PROCTER & GAMBLE CO OPTION 742718109 3489 20297 SH PUT SOLE 20297 0 0 PENGROWTH ENERGY CORP COM 70706P104 2514 181800 SH SOLE 181800 0 0 PROGRESS ENERGY INC COM 743263105 1313 28465 SH SOLE 28465 0 0 PROGRESS ENERGY INC OPTION 743263105 455 3500 SH CALL SOLE 3500 0 0 PROGRESSIVE CORP OHIO COM 743315103 226 10677 SH SOLE 10677 0 0 PARKER HANNIFIN CORP COM 701094104 3163 33403 SH SOLE 33403 0 0 KONINKLIJKE PHILIPS ELECTRS NY COM 500472303 1936 60187 SH SOLE 60187 0 0 PHH CORP COM 693320202 616 28310 SH SOLE 28310 0 0 PULTE GROUP INC COM 745867101 10860 1467628 SH SOLE 1467628 0 0 PULTE GROUP INC OPTION 745867101 36 12000 SH CALL SOLE 12000 0 0 POLARIS INDS INC COM 731068102 1432 16456 SH SOLE 16456 0 0 PIER 1 IMPORTS INC COM 720279108 933 91938 SH SOLE 91938 0 0 PARKER DRILLING CO COM 701081101 131 18979 SH SOLE 18979 0 0 PERKINELMER INC COM 714046109 2021 76939 SH SOLE 76939 0 0 PROTECTIVE LIFE CORP COM 743674103 1258 47385 SH SOLE 47385 0 0 CHILDRENS PL RETAIL STORES I COM 168905107 210 4211 SH SOLE 4211 0 0 POLYCOM INC COM 73172K104 2099 40486 SH SOLE 40486 0 0 PROLOGIS SH BEN INT COM 743410102 2401 150230 SH SOLE 150230 0 0 PROLOGIS BOND CV 743410AS1 2084490 20976000 PRN SOLE 20976000 0 0 PALL CORP COM 696429307 6039 104829 SH SOLE 104829 0 0 PLANTRONICS INC NEW COM 727493108 688 18795 SH SOLE 18795 0 0 PLEXUS CORP COM 729132100 225 6426 SH SOLE 6426 0 0 PHILIP MORRIS INTL INC COM 718172109 32718 498528 SH SOLE 498528 0 0 PHILIP MORRIS INTL INC OPTION 718172109 3725 5280 SH CALL SOLE 5280 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page32 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PHILIP MORRIS INTL INC OPTION 718172109 1583 11132 SH PUT SOLE 11132 0 0 PMC-SIERRA INC COM 69344F106 313 41708 SH SOLE 41708 0 0 PMI GROUP INC COM 69344M101 3896 1442934 SH SOLE 1442934 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173209 877 39007 SH SOLE 39007 0 0 PNC FINL SVCS GROUP INC COM 693475105 6994 111034 SH SOLE 111034 0 0 PNC FINL SVCS GROUP INC OPTION 693475105 366 925 SH PUT SOLE 925 0 0 PNC FINL SVCS GROUP INC OPTION 693475105 437 850 SH CALL SOLE 850 0 0 PINNACLE ENTMT INC COM 723456109 209 15328 SH SOLE 15328 0 0 PNM RES INC COM 69349H107 396 26572 SH SOLE 26572 0 0 PENTAIR INC COM 709631105 4202 111205 SH SOLE 111205 0 0 PANERA BREAD CO COM 69840W108 27253 214588 SH SOLE 214588 0 0 PINNACLE WEST CAP CORP COM 723484101 4349 101635 SH SOLE 101635 0 0 PHOENIX COS INC NEW COM 71902E109 48 17635 SH SOLE 17635 0 0 PIEDMONT NAT GAS INC COM 720186105 350 11517 SH SOLE 11517 0 0 POLYONE CORP COM 73179P106 398 27992 SH SOLE 27992 0 0 PEPCO HOLDINGS INC COM 713291102 1766 94686 SH SOLE 94686 0 0 POOL CORPORATION COM 73278L105 225 9343 SH SOLE 9343 0 0 PORTLAND GEN ELEC CO COM 736508847 294 12350 SH SOLE 12350 0 0 POTASH CORP SASK INC COM 73755L107 13444 228127 SH SOLE 228127 0 0 POWER INTEGRATIONS INC COM 739276103 1596 41649 SH SOLE 41649 0 0 PILGRIMS PRIDE CORP NEW COM 72147K108 837 108622 SH SOLE 108622 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 1225 44232 SH SOLE 44232 0 0 PPG INDS INC COM 693506107 2974 31238 SH SOLE 31238 0 0 PPG INDS INC OPTION 693506107 250 1000 SH PUT SOLE 1000 0 0 PPG INDS INC OPTION 693506107 560 931 SH CALL SOLE 931 0 0 PHARMACEUTICAL HLDRS TR DEPOSI COM 71712A206 10280 155500 SH SOLE 155500 0 0 PEREGRINE PHARMACEUTICALS IN COM 713661304 26 11160 SH SOLE 11160 0 0 PPL CORP COM 69351T106 1859 73475 SH SOLE 73475 0 0 PPL CORP UNIT 99/99/9999 COM 69351T601 3572 67100 SH SOLE 67100 0 0 POLYPORE INTL INC COM 73179V103 210 3647 SH SOLE 3647 0 0 POST PPTYS INC COM 737464107 447 11376 SH SOLE 11376 0 0 PROASSURANCE CORP COM 74267C106 311 4912 SH SOLE 4912 0 0 PORTFOLIO RECOVERY ASSOCS IN COM 73640Q105 285 3348 SH SOLE 3348 0 0 PARTNERRE LTD COM G6852T105 2628 33167 SH SOLE 33167 0 0 PERRIGO CO COM 714290103 2091 26293 SH SOLE 26293 0 0 PROGRESS SOFTWARE CORP COM 743312100 359 12334 SH SOLE 12334 0 0 PROSPERITY BANCSHARES INC COM 743606105 604 14114 SH SOLE 14114 0 0 PRUDENTIAL FINL INC COM 744320102 6753 109655 SH SOLE 109655 0 0 PRUDENTIAL FINL INC OPTION 744320102 284 1093 SH PUT SOLE 1093 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 714 22976 SH SOLE 22976 0 0 PAREXEL INTL CORP COM 699462107 239 9587 SH SOLE 9587 0 0 PUBLIC STORAGE COM 74460D109 4729 42637 SH SOLE 42637 0 0 PS BUSINESS PKS INC CALIF COM 69360J107 276 4771 SH SOLE 4771 0 0 PROSPECT CAPITAL CORPORATION COM 74348T102 169 13828 SH SOLE 13828 0 0 PRICESMART INC COM 741511109 416 11362 SH SOLE 11362 0 0 COLLECTIVE BRANDS INC COM 19421W100 397 18415 SH SOLE 18415 0 0 PSS WORLD MED INC COM 69366A100 253 9319 SH SOLE 9319 0 0 PACIFIC SUNWEAR CALIF INC COM 694873100 37 10266 SH SOLE 10266 0 0 PATTERSON UTI ENERGY INC COM 703481101 2348 79902 SH SOLE 79902 0 0 PLATINUM UNDERWRITER HLDGS L COM G7127P100 238 6245 SH SOLE 6245 0 0 PETROCHINA CO LTD COM 71646E100 6154 40423 SH SOLE 40423 0 0 PETROCHINA CO LTD OPTION 71646E100 308 518 SH PUT SOLE 518 0 0 PENN VA CORP COM 707882106 253 14923 SH SOLE 14923 0 0 PHILLIPS VAN HEUSEN CORP COM 718592108 1179 18133 SH SOLE 18133 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page33 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- POWERWAVE TECHNOLOGIES INC COM 739363109 120 26620 SH SOLE 26620 0 0 POWER ONE INC NEW COM 73930R102 358 40969 SH SOLE 40969 0 0 QUANTA SVCS INC COM 74762E102 868 38716 SH SOLE 38716 0 0 PERFECT WORLD CO LTD SPON COM 71372U104 377 17793 SH SOLE 17793 0 0 PRAXAIR INC COM 74005P104 7301 71862 SH SOLE 71862 0 0 PRAXAIR INC OPTION 74005P104 678 2677 SH PUT SOLE 2677 0 0 PIONEER NAT RES CO COM 723787107 27586 270665 SH SOLE 270665 0 0 PIONEER NAT RES CO BOND CV 723787AH0 975563 5500000 PRN SOLE 5500000 0 0 PLAINS EXPL& PRODTN CO COM 726505100 3010 83071 SH SOLE 83071 0 0 PAPA JOHNS INTL INC COM 698813102 395 12468 SH SOLE 12468 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 6977 1021470 SH SOLE 1021470 0 0 QUALCOMM INC COM 747525103 58412 1065329 SH SOLE 1065329 0 0 QUALCOMM INC OPTION 747525103 1424 11117 SH PUT SOLE 11117 0 0 QUALCOMM INC OPTION 747525103 4974 8103 SH CALL SOLE 8103 0 0 QEP RES INC COM 74733V100 560 13810 SH SOLE 13810 0 0 QIAGEN N V COM N72482107 1502 74896 SH SOLE 74896 0 0 QLOGIC CORP COM 747277101 2017 108738 SH SOLE 108738 0 0 POWERSHARES QQQ TRUST UNIT SER COM 73935A104 123421 2149070 SH SOLE 2149070 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 9547 29605 SH CALL SOLE 29605 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 577 7600 SH PUT SOLE 7600 0 0 NASDAQ PREM INCM & GRW FD IN COM 63110R105 596 40700 SH SOLE 40700 0 0 QUEST SOFTWARE INC COM 74834T103 675 26566 SH SOLE 26566 0 0 QUALITY SYS INC COM 747582104 250 2997 SH SOLE 2997 0 0 QUANTUM CORP COM DSSG COM 747906204 90 35827 SH SOLE 35827 0 0 RYDER SYS INC COM 783549108 667 13172 SH SOLE 13172 0 0 RITE AID CORP COM 767754104 7936 7486694 SH SOLE 7486694 0 0 RADIANT SYSTEMS INC COM 75025N102 261 14781 SH SOLE 14781 0 0 RALCORP HLDGS INC NEW COM 751028101 1599 23366 SH SOLE 23366 0 0 REYNOLDS AMERICAN INC COM 761713106 9454 266079 SH SOLE 266079 0 0 RAM ENERGY RESOURCES INC COM 75130P109 25 12257 SH SOLE 12257 0 0 RAIT FINANCIAL TRUST COM 749227104 45 18466 SH SOLE 18466 0 0 RACKSPACE HOSTING INC COM 750086100 2087 48699 SH SOLE 48699 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 1485 52764 SH SOLE 52764 0 0 REGAL BELOIT CORP COM 758750103 517 7006 SH SOLE 7006 0 0 ROBBINS & MYERS INC COM 770196103 261 5683 SH SOLE 5683 0 0 RENT A CTR INC NEW COM 76009N100 836 23951 SH SOLE 23951 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 2438 59099 SH SOLE 59099 0 0 RC2 CORP COM 749388104 2584 91950 SH SOLE 91950 0 0 ROWAN COS INC COM 779382100 506 11450 SH SOLE 11450 0 0 RUDDICK CORP COM 781258108 245 6341 SH SOLE 6341 0 0 RADIAN GROUP INC COM 750236101 13343 1959292 SH SOLE 1959292 0 0 ROYAL DUTCH SHELL PLC SPONS COM 780259206 4134 56735 SH SOLE 56735 0 0 ROYAL DUTCH SHELL PLC SPON COM 780259107 669 9138 SH SOLE 9138 0 0 DR REDDYS LABS LTD COM 256135203 1224 32821 SH SOLE 32821 0 0 EVEREST RE GROUP LTD COM G3223R108 2459 27882 SH SOLE 27882 0 0 RARE ELEMENT RES LTD COM 75381M102 496 37639 SH SOLE 37639 0 0 REGENCY CTRS CORP COM 758849103 2120 48767 SH SOLE 48767 0 0 REGENERON PHARMACEUTICALS COM 75886F107 249 5537 SH SOLE 5537 0 0 RPC INC COM 749660106 1443 56993 SH SOLE 56993 0 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 2517 346679 SH SOLE 346679 0 0 RF MICRODEVICES INC COM 749941100 1465 228561 SH SOLE 228561 0 0 REINSURANCE GROUP AMER INC COM 759351604 1088 17333 SH SOLE 17333 0 0 REGAL ENTMT GROUP COM 758766109 218 16136 SH SOLE 16136 0 0 ROYAL GOLD INC COM 780287108 251 4786 SH SOLE 4786 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page34 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- REGIS CORP MINN COM 758932107 310 17475 SH SOLE 17475 0 0 REHABCARE GROUP INC COM 759148109 2936 79627 SH SOLE 79627 0 0 ROBERT HALF INTL INC COM 770323103 1138 37182 SH SOLE 37182 0 0 RED HAT INC COM 756577102 13608 299812 SH SOLE 299812 0 0 TRANSOCEAN LTD REG SHS COM H8817H100 1038 13317 SH SOLE 13317 0 0 TRANSOCEAN INC BOND CV 893830AV1 13379 136000 PRN SOLE 136000 0 0 RESEARCH IN MOTION LTD COM 760975102 32157 568753 SH SOLE 568753 0 0 RESEARCH IN MOTION LTD OPTION 760975102 412 3493 SH CALL SOLE 3493 0 0 RESEARCH IN MOTION LTD OPTION 760975102 1098 4079 SH PUT SOLE 4079 0 0 RIO TINTO PLC COM 767204100 1055 14831 SH SOLE 14831 0 0 RAYMOND JAMES FINANCIAL INC COM 754730109 1314 34366 SH SOLE 34366 0 0 REGIONAL BK HOLDRS TR DEPOSITR COM 75902E100 75939 875080 SH SOLE 875080 0 0 ROCK-TENN CO COM 772739207 1357 19574 SH SOLE 19574 0 0 POLO RALPH LAUREN CORP COM 731572103 1471 11895 SH SOLE 11895 0 0 RAMBUS INC DEL COM 750917106 735 37231 SH SOLE 37231 0 0 RESMED INC COM 761152107 925 30849 SH SOLE 30849 0 0 RENAISSANCERE HOLDINGS LTD COM G7496G103 1692 24526 SH SOLE 24526 0 0 REALNETWORKS INC COM 75605L104 52 14059 SH SOLE 14059 0 0 ROCKWOOD HLDGS INC COM 774415103 1612 32761 SH SOLE 32761 0 0 RETAIL OPPORTUNITY INVTS COR COM 76131N101 113 10344 SH SOLE 10344 0 0 ROCKWELL AUTOMATION INC COM 773903109 1394 14730 SH SOLE 14730 0 0 ROLLINS INC COM 775711104 392 19292 SH SOLE 19292 0 0 ROPER INDS INC NEW COM 776696106 3791 43850 SH SOLE 43850 0 0 ROSETTA RESOURCES INC COM 777779307 403 8465 SH SOLE 8465 0 0 ROSS STORES INC COM 778296103 4837 68009 SH SOLE 68009 0 0 ROVI CORP COM 779376102 1399 26080 SH SOLE 26080 0 0 RPM INTL INC COM 749685103 530 22326 SH SOLE 22326 0 0 RANGE RES CORP COM 75281A109 319 5462 SH SOLE 5462 0 0 REPUBLIC SVCS INC COM 760759100 2795 93048 SH SOLE 93048 0 0 MARKET VECTORS ETF TR RUSSIA E OPTION 57060U506 1725 1500 SH CALL SOLE 1500 0 0 RUBY TUESDAY INC COM 781182100 139 10575 SH SOLE 10575 0 0 RETAIL HOLDRS TR DEP RCPT COM 76127U101 186953 1764210 SH SOLE 1764210 0 0 RENTECH INC COM 760112102 44 35320 SH SOLE 35320 0 0 RAYTHEON CO COM 755111507 9560 187926 SH SOLE 187926 0 0 RURAL / METRO CORP COM 781748108 910 53420 SH SOLE 53420 0 0 RIVERBED TECHNOLOGY INC COM 768573107 2500 66407 SH SOLE 66407 0 0 ROYCE VALUE TR INC COM 780910105 765 49707 SH SOLE 49707 0 0 REDWOOD TR INC COM 758075402 182 11687 SH SOLE 11687 0 0 ROYAL BK CDA MONTREAL QUE COM 780087102 309 4985 SH SOLE 4985 0 0 RYLAND GROUP INC COM 783764103 1418 89187 SH SOLE 89187 0 0 RAYONIER INC COM 754907103 2538 40727 SH SOLE 40727 0 0 SPRINT NEXTEL CORP COM SER 1 COM 852061100 10582 2280687 SH SOLE 2280687 0 0 SPRINT NEXTEL CORP COM SER 1 OPTION 852061100 1415 23999 SH PUT SOLE 23999 0 0 SANDERSON FARMS INC COM 800013104 493 10731 SH SOLE 10731 0 0 SONIC AUTOMOTIVE INC COM 83545G102 1277 91184 SH SOLE 91184 0 0 SAIC INC COM 78390X101 2916 172318 SH SOLE 172318 0 0 BOSTON BEER INC COM 100557107 576 6218 SH SOLE 6218 0 0 SANMINA SCI CORP COM 800907206 439 39146 SH SOLE 39146 0 0 SAP AG SPON COM 803054204 1186 19333 SH SOLE 19333 0 0 SAPIENT CORP COM 803062108 191 16665 SH SOLE 16665 0 0 SATCON TECHNOLOGY CORP COM 803893106 68 17717 SH SOLE 17717 0 0 SBA COMMUNICATIONS CORP COM 78388J106 2186 55081 SH SOLE 55081 0 0 SALLY BEAUTY HLDGS INC COM 79546E104 214 15300 SH SOLE 15300 0 0 STERLING BANCSHARES INC COM 858907108 989 114849 SH SOLE 114849 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page35 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SIGNATURE BK NEW YORK N Y COM 82669G104 373 6618 SH SOLE 6618 0 0 COMPANHIA DE SANEAMENTO BASI COM 20441A102 3503 59643 SH SOLE 59643 0 0 STARBUCKS CORP COM 855244109 10944 296179 SH SOLE 296179 0 0 STARBUCKS CORP OPTION 855244109 242 300 SH CALL SOLE 300 0 0 SOUTHERN COPPER CORP COM 84265V105 19939 495144 SH SOLE 495144 0 0 SOUTHERN COPPER CORP OPTION 84265V105 518 700 SH CALL SOLE 700 0 0 SCANA CORP NEW COM 80589M102 5464 138797 SH SOLE 138797 0 0 SCHNITZER STL INDS OPTION 806882106 443 250 SH CALL SOLE 250 0 0 SCHWAB CHARLES CORP NEW COM 808513105 1809 100321 SH SOLE 100321 0 0 SERVICE CORP INTL COM 817565104 459 41483 SH SOLE 41483 0 0 SIMCERE PHARMACEUTICAL GROUP S COM 82859P104 220 17027 SH SOLE 17027 0 0 STEELCASE INC COM 858155203 142 12436 SH SOLE 12436 0 0 SELECT COMFORT CORP COM 81616X103 311 25776 SH SOLE 25776 0 0 SANDRIDGE ENERGY INC COM 80007P307 914 71413 SH SOLE 71413 0 0 SPECTRA ENERGY CORP COM 847560109 2652 97559 SH SOLE 97559 0 0 SEALED AIR CORP NEW COM 81211K100 899 33714 SH SOLE 33714 0 0 SEI INVESTMENTS CO COM 784117103 1835 76852 SH SOLE 76852 0 0 STIFEL FINL CORP COM 860630102 399 5558 SH SOLE 5558 0 0 SMITHFIELD FOODS INC COM 832248108 7893 328064 SH SOLE 328064 0 0 SMITHFIELD FOODS INC BOND CV 832248AR9 691625 5500000 PRN SOLE 5500000 0 0 STANCORP FINL GROUP INC COM 852891100 695 15070 SH SOLE 15070 0 0 ISTAR FINL INC COM 45031U101 189 20601 SH SOLE 20601 0 0 SHUTTERFLY INC COM 82568P304 237 4531 SH SOLE 4531 0 0 SFN GROUP INC COM 784153108 347 24614 SH SOLE 24614 0 0 SUCCESSFACTORS INC COM 864596101 465 11908 SH SOLE 11908 0 0 SWIFT ENERGY CO COM 870738101 851 19948 SH SOLE 19948 0 0 SEATTLE GENETICS INC COM 812578102 232 14907 SH SOLE 14907 0 0 SCIENTIFIC GAMES CORP COM 80874P109 180 20648 SH SOLE 20648 0 0 STONE ENERGY CORP COM 861642106 313 9378 SH SOLE 9378 0 0 SHAW GROUP INC COM 820280105 1192 33666 SH SOLE 33666 0 0 SINOPEC SHANGHAI PETROCHEMIC S COM 82935M109 460 9658 SH SOLE 9658 0 0 SEARS HLDGS CORP COM 812350106 3942 47698 SH SOLE 47698 0 0 SUNSTONE HOTEL INVS INC NEW COM 867892101 281 27571 SH SOLE 27571 0 0 MADDEN STEVEN LTD COM 556269108 790 16836 SH SOLE 16836 0 0 SHIRE PLC COM 82481R106 546 6278 SH SOLE 6278 0 0 SHERWIN WILLIAMS CO COM 824348106 4909 58447 SH SOLE 58447 0 0 ISHARES TR BARCLYS 1-3 YR COM 464287457 3462 41341 SH SOLE 41341 0 0 SIEMENS A G COM 826197501 904 6584 SH SOLE 6584 0 0 SIGMA ALDRICH CORP COM 826552101 7967 125190 SH SOLE 125190 0 0 COMPANHIA SIDERURGICA NACION COM 20440W105 34085 2045917 SH SOLE 2045917 0 0 COMPANHIA SIDERURGICA NACION OPTION 20440W105 925 4500 SH PUT SOLE 4500 0 0 SIGNET JEWELERS LIMITED SHS COM G81276100 288 6254 SH SOLE 6254 0 0 SILICON IMAGE INC COM 82705T102 108 12087 SH SOLE 12087 0 0 SIRIUS XM RADIO INC COM 82967N108 3493 2116994 SH SOLE 2116994 0 0 SIRIUS XM RADIO INC OPTION 82967N108 91 16238 SH PUT SOLE 16238 0 0 SIRONA DENTAL SYSTEMS INC COM 82966C103 905 18038 SH SOLE 18038 0 0 SVB FINL GROUP COM 78486Q101 706 12398 SH SOLE 12398 0 0 SOUTH JERSEY INDS INC COM 838518108 275 4910 SH SOLE 4910 0 0 SMUCKER J M CO COM 832696405 4790 67102 SH SOLE 67102 0 0 SHAW COMMUNICATIONS INC CL B C COM 82028K200 0 16634 SH SOLE 16634 0 0 PROSHARES TR PSHS ULTSHT FINL COM 74347X146 1237 21529 SH SOLE 21529 0 0 SAKS INC COM 79377W108 2125 187859 SH SOLE 187859 0 0 TANGER FACTORY OUTLET CTRS I COM 875465106 498 18961 SH SOLE 18961 0 0 SKECHERS U S A INC COM 830566105 397 19312 SH SOLE 19312 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page36 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SILICON LABORATORIES INC COM 826919102 751 17390 SH SOLE 17390 0 0 SCHLUMBERGER LTD COM 806857108 23248 249283 SH SOLE 249283 0 0 SCHLUMBERGER LTD OPTION 806857108 3029 14379 SH PUT SOLE 14379 0 0 SCHLUMBERGER LTD OPTION 806857108 1458 1646 SH CALL SOLE 1646 0 0 SARA LEE CORP COM 803111103 2043 115596 SH SOLE 115596 0 0 SL GREEN RLTY CORP COM 78440X101 2357 31344 SH SOLE 31344 0 0 SILGAN HOLDINGS INC COM 827048109 241 6327 SH SOLE 6327 0 0 SOLERA HOLDINGS INC COM 83421A104 880 17214 SH SOLE 17214 0 0 SLM CORP COM 78442P106 1205 78739 SH SOLE 78739 0 0 RIVERSOURCE LASALLE INTL R/E COM 76932W102 1798 182143 SH SOLE 182143 0 0 STERLITE INDS INDIA LTD ADS COM 859737207 2876 186260 SH SOLE 186260 0 0 ISHARES SILVER TRUST ISHARES COM 46428Q109 231 6282 SH SOLE 6282 0 0 ISHARES SILVER TRUST ISHARES OPTION 46428Q109 5967 3500 SH CALL SOLE 3500 0 0 SILVER WHEATON CORP COM 828336107 7924 182744 SH SOLE 182744 0 0 SALIX PHARMACEUTICALS INC COM 795435106 319 9113 SH SOLE 9113 0 0 SM ENERGY CO COM 78454L100 1156 15588 SH SOLE 15588 0 0 ST MARY LD & EXPL CO BOND CV 792228AD0 143125 1000000 PRN SOLE 1000000 0 0 SMART BALANCE INC COM 83169Y108 48 10443 SH SOLE 10443 0 0 SCOTTS MIRACLE GRO CO COM 810186106 968 16729 SH SOLE 16729 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTCOM 816636203 64053 1851767 SH SOLE 1851767 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTOPTION 816636203 649 1400 SH CALL SOLE 1400 0 0 SEMICONDUCTOR MFG INTL CORP COM 81663N206 545 143530 SH SOLE 143530 0 0 SEMTECH CORP COM 816850101 479 19150 SH SOLE 19150 0 0 SNAP ON INC COM 833034101 773 12870 SH SOLE 12870 0 0 SHANDA INTERACTIVE ENTMT LTD COM 81941Q203 479 11404 SH SOLE 11404 0 0 SANDISK CORP COM 80004C101 9505 206231 SH SOLE 206231 0 0 SANDISK CORP OPTION 80004C101 372 1904 SH PUT SOLE 1904 0 0 SANDISK CORP OPTION 80004C101 660 1756 SH CALL SOLE 1756 0 0 SANDISK CORP BOND CV 80004CAC5 161906 1650000 PRN SOLE 1650000 0 0 SENIOR HSG PPTYS TR SH BEN INT COM 81721M109 1778 77188 SH SOLE 77188 0 0 SCRIPPS NETWORKS INTERACT IN COM 811065101 3663 73123 SH SOLE 73123 0 0 CHINA PETE & CHEM CORP SPON COM 16941R108 2402 23879 SH SOLE 23879 0 0 SYNOPSYS INC COM 871607107 1901 68756 SH SOLE 68756 0 0 SYNOVUS FINL CORP COM 87161C105 634 264278 SH SOLE 264278 0 0 SYNOVUS FINL CORP UNIT 99/99/9 COM 87161C204 2127 92088 SH SOLE 92088 0 0 SANOFI AVENTIS COM 80105N105 1180 33491 SH SOLE 33491 0 0 SOUTHERN CO COM 842587107 13947 365971 SH SOLE 365971 0 0 SOUTHERN CO OPTION 842587107 230 2144 SH CALL SOLE 2144 0 0 SOLUTIA INC COM 834376501 500 19698 SH SOLE 19698 0 0 SOHU COM INC COM 83408W103 823 9205 SH SOLE 9205 0 0 RENESOLA LTD SPONS ADS COM 75971T103 366 34679 SH SOLE 34679 0 0 GT SOLAR INTL INC COM 3623E0209 517 48436 SH SOLE 48436 0 0 SONOCO PRODS CO COM 835495102 579 15977 SH SOLE 15977 0 0 SONIC CORP COM 835451105 92 10111 SH SOLE 10111 0 0 SONUS NETWORKS INC COM 835916107 127 33784 SH SOLE 33784 0 0 DIREXION SHS ETF TR DLY SCOND COM 25459W458 14360 250000 SH SOLE 250000 0 0 SPECTRUM CTL INC COM 847615101 533 27096 SH SOLE 27096 0 0 STANDARD PAC CORP NEW COM 85375C101 4007 1074240 SH SOLE 1074240 0 0 SIMON PPTY GROUP INC NEW COM 828806109 2320 21651 SH SOLE 21651 0 0 SIMON PPTY GROUP INC NEW OPTION 828806109 230 1716 SH PUT SOLE 1716 0 0 SIMON PPTY GROUP INC NEW OPTION 828806109 334 754 SH CALL SOLE 754 0 0 STAPLES INC COM 855030102 10436 537390 SH SOLE 537390 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 920 22433 SH SOLE 22433 0 0 SAPPI LTD SPON COM 803069202 350 66000 SH SOLE 66000 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page37 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SPIRIT AEROSYSTEMS HLDGS INC C COM 848574109 888 34584 SH SOLE 34584 0 0 SPREADTRUM COMMUNICATIONS IN COM 849415203 358 19299 SH SOLE 19299 0 0 SPX CORP COM 784635104 2076 26148 SH SOLE 26148 0 0 SUNPOWER CORP COM COM 867652109 3169 184888 SH SOLE 184888 0 0 SPDR S&P 500 ETF TR TR UNIT COM 78462F103 2487967 18764365 SH SOLE 18764365 0 0 SPDR S&P 500 ETF TR TR UNIT OPTION 78462F103 10478 95692 SH CALL SOLE 95692 0 0 SPDR S&P 500 ETF TR TR UNIT OPTION 78462F103 4030 51163 SH PUT SOLE 51163 0 0 SOCIEDAD QUIMICA MINERA DE C S COM 833635105 4295 77717 SH SOLE 77717 0 0 SEQUENOM INC COM 817337405 93 14702 SH SOLE 14702 0 0 STERICYCLE INC COM 858912108 4236 47773 SH SOLE 47773 0 0 SEMPRA ENERGY COM 816851109 3334 62317 SH SOLE 62317 0 0 PROSHARES TR REAL EST COM 74347X583 167 10815 SH SOLE 10815 0 0 SRA INTL INC COM 78464R105 372 13121 SH SOLE 13121 0 0 SUNRISE SENIOR LIVING INC COM 86768K106 161 13502 SH SOLE 13502 0 0 SMURFIT-STONE CONTAINER CORP COM 83272A104 9849 254818 SH SOLE 254818 0 0 3SBIO INC COM 88575Y105 221 12754 SH SOLE 12754 0 0 SOVRAN SELF STORAGE INC COM 84610H108 273 6896 SH SOLE 6896 0 0 STRATASYS INC COM 862685104 333 7092 SH SOLE 7092 0 0 BANCO SANTANDER SA COM 05964H105 3328 284212 SH SOLE 284212 0 0 STERIS CORP COM 859152100 621 17979 SH SOLE 17979 0 0 STEWART ENTERPRISES INC COM 860370105 101 13267 SH SOLE 13267 0 0 STEMCELLS INC COM 85857R105 19 20820 SH SOLE 20820 0 0 SUNTRUST BKS INC COM 867914103 14837 514443 SH SOLE 514443 0 0 ST JUDE MED INC COM 790849103 3438 67063 SH SOLE 67063 0 0 STEEL DYNAMICS INC COM 858119100 2743 146148 SH SOLE 146148 0 0 STMICROELECTRONICS N V NY REGI COM 861012102 5180 417053 SH SOLE 417053 0 0 STEINER LEISURE LTD COM P8744Y102 396 8552 SH SOLE 8552 0 0 STATOIL ASA COM 85771P102 1753 63426 SH SOLE 63426 0 0 SUNTECH PWR HLDGS CO LTD COM 86800C104 2022 205033 SH SOLE 205033 0 0 QUESTAR CORP COM 748356102 990 56722 SH SOLE 56722 0 0 STRAYER ED INC COM 863236105 406 3108 SH SOLE 3108 0 0 STATE STR CORP COM 857477103 7198 160160 SH SOLE 160160 0 0 STATE STR CORP OPTION 857477103 201 1350 SH PUT SOLE 1350 0 0 CHINA DIGITAL TV HLDG CO LTD COM 16938G107 234 32790 SH SOLE 32790 0 0 STARWOOD PPTY TR INC COM 85571B105 268 12006 SH SOLE 12006 0 0 SEAGATE TECHNOLOGY PLC SHS COM G7945M107 6631 460314 SH SOLE 460314 0 0 CONSTELLATION BRANDS INC COM 21036P108 473 23315 SH SOLE 23315 0 0 SUNCOR ENERGY INC NEW COM 867224107 2120 47274 SH SOLE 47274 0 0 SOUTHERN UN CO NEW COM 844030106 744 25999 SH SOLE 25999 0 0 SUNOCO INC COM 86764P109 1848 40531 SH SOLE 40531 0 0 CNA SURETY CORP COM 12612L108 6279 248571 SH SOLE 248571 0 0 SUSQUEHANNA BANCSHARES INC P COM 869099101 196 20940 SH SOLE 20940 0 0 7 DAYS GROUP HLDGS LTD COM 81783J101 244 12008 SH SOLE 12008 0 0 SAVIENT PHARMACEUTICALS INC COM 80517Q100 114 10785 SH SOLE 10785 0 0 SUPERVALU INC COM 868536103 393 43954 SH SOLE 43954 0 0 SAVVIS INC COM 805423308 225 6077 SH SOLE 6077 0 0 STILLWATER MNG CO COM 86074Q102 1233 53772 SH SOLE 53772 0 0 SMITH & WESSON HLDG CORP COM 831756101 36 10047 SH SOLE 10047 0 0 STANLEY BLACK & DECKER INC COM 854502101 10994 143529 SH SOLE 143529 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 2056 63456 SH SOLE 63456 0 0 SOUTHWESTERN ENERGY CO COM 845467109 1396 32482 SH SOLE 32482 0 0 SOUTHWEST GAS CORP COM 844895102 317 8145 SH SOLE 8145 0 0 SAFEWAY INC COM 786514208 592 25168 SH SOLE 25168 0 0 SXC HEALTH SOLUTIONS CORP COM 78505P100 253 4618 SH SOLE 4618 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page38 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SENSIENT TECHNOLOGIES CORP COM 81725T100 536 14966 SH SOLE 14966 0 0 STRYKER CORP COM 863667101 10645 175088 SH SOLE 175088 0 0 SYKES ENTERPRISES INC COM 871237103 306 15455 SH SOLE 15455 0 0 SYMANTEC CORP COM 871503108 7632 411647 SH SOLE 411647 0 0 SYMANTEC CORP OPTION 871503108 1801 7000 SH CALL SOLE 7000 0 0 SYMANTEC CORP BOND CV 871503AF5 646309 5358000 PRN SOLE 5358000 0 0 SYNAPTICS INC COM 87157D109 1138 42134 SH SOLE 42134 0 0 SYNTROLEUM CORP COM 871630109 26 11708 SH SOLE 11708 0 0 SYNGENTA AG COM 87160A100 211 3243 SH SOLE 3243 0 0 SYSCO CORP COM 871829107 5024 181373 SH SOLE 181373 0 0 AT&T INC COM 00206R102 60635 1980877 SH SOLE 1980877 0 0 AT&T INC OPTION 00206R102 300 1000 SH CALL SOLE 1000 0 0 AT&T INC OPTION 00206R102 8681 53012 SH CALL SOLE 53012 0 0 AT&T INC OPTION 00206R102 7676 52414 SH PUT SOLE 52414 0 0 MOLSON COORS BREWING CO CL B COM 60871R209 1733 36956 SH SOLE 36956 0 0 TASER INTL INC COM 87651B104 43 10488 SH SOLE 10488 0 0 TRANSATLANTIC PETROLEUM LTD SHSCOM G89982105 75 24114 SH SOLE 24114 0 0 TIMBERLAND CO COM 887100105 534 12945 SH SOLE 12945 0 0 PROSHARES TR PSHS ULTSH 20YRS COM 74347R297 1123 30000 SH SOLE 30000 0 0 THOMPSON CREEK METALS CO INC COM 884768102 1765 140771 SH SOLE 140771 0 0 TCF FINL CORP COM 872275102 790 49838 SH SOLE 49838 0 0 TECK RESOURCES LTD CL B COM 878742204 2975 56110 SH SOLE 56110 0 0 TATA COMMUNICATIONS LTD SPONS COM 876564105 2165 198767 SH SOLE 198767 0 0 TAUBMAN CTRS INC COM 876664103 1181 22043 SH SOLE 22043 0 0 TERADATA CORP DEL COM 88076W103 4219 83219 SH SOLE 83219 0 0 TRANSDIGM GROUP INC COM 893641100 305 3636 SH SOLE 3636 0 0 TELEPHONE & DATA SYS INC COM 879433100 883 26200 SH SOLE 26200 0 0 TELEDYNE TECHNOLOGIES INC COM 879360105 303 5858 SH SOLE 5858 0 0 TECO ENERGY INC COM 872375100 303 16149 SH SOLE 16149 0 0 TECH DATA CORP COM 878237106 641 12599 SH SOLE 12599 0 0 TECHNE CORP COM 878377100 479 6695 SH SOLE 6695 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 382 7554 SH SOLE 7554 0 0 TENNECO INC COM 880349105 562 13231 SH SOLE 13231 0 0 TERADYNE INC COM 880770102 1058 59397 SH SOLE 59397 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 13348 266050 SH SOLE 266050 0 0 TEREX CORP NEW COM 880779103 1273 34365 SH SOLE 34365 0 0 TAIWAN GREATER CHINA FD SH BEN COM 874037104 714 99021 SH SOLE 99021 0 0 TFS FINL CORP COM 87240R107 222 20914 SH SOLE 20914 0 0 TELEFLEX INC COM 879369106 407 7026 SH SOLE 7026 0 0 TRIUMPH GROUP INC NEW COM 896818101 529 5978 SH SOLE 5978 0 0 TARGET CORP COM 87612E106 30090 601684 SH SOLE 601684 0 0 TARGET CORP OPTION 87612E106 1670 10259 SH PUT SOLE 10259 0 0 TENET HEALTHCARE CORP COM 88033G100 1585 212744 SH SOLE 212744 0 0 TENET HEALTHCARE CORP OPTION 88033G100 231 3550 SH CALL SOLE 3550 0 0 HANOVER INS GROUP INC COM 410867105 803 17740 SH SOLE 17740 0 0 TIM HORTONS INC COM 88706M103 236 5201 SH SOLE 5201 0 0 THOR INDS INC COM 885160101 383 11464 SH SOLE 11464 0 0 THORATEC CORP COM 885175307 278 10716 SH SOLE 10716 0 0 THQ INC COM 872443403 80 17601 SH SOLE 17601 0 0 THERAVANCE INC COM 88338T104 273 11267 SH SOLE 11267 0 0 TREEHOUSE FOODS INC COM 89469A104 320 5633 SH SOLE 5633 0 0 TELECOM ITALIA S P A NEW SPON COM 87927Y102 2557 166287 SH SOLE 166287 0 0 TIBCO SOFTWARE INC COM 88632Q103 1199 43986 SH SOLE 43986 0 0 TITANIUM METALS CORP COM 888339207 2002 107750 SH SOLE 107750 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page39 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TIFFANY & CO NEW COM 886547108 1706 27765 SH SOLE 27765 0 0 TEMPLE INLAND INC COM 879868107 1276 54535 SH SOLE 54535 0 0 TIVO INC COM 888706108 1475 168530 SH SOLE 168530 0 0 TJX COS INC NEW COM 872540109 21028 422847 SH SOLE 422847 0 0 TEKELEC COM 879101103 89 11005 SH SOLE 11005 0 0 TIMKEN CO COM 887389104 869 16625 SH SOLE 16625 0 0 TELLABS INC COM 879664100 391 74554 SH SOLE 74554 0 0 TALBOTS INC COM 874161102 63 10445 SH SOLE 10445 0 0 TALECRIS BIOTHERAPEUTICS HLD COM 874227101 378 14098 SH SOLE 14098 0 0 TALEO CORP COM 87424N104 222 6231 SH SOLE 6231 0 0 ISHARES TR BARCLYS 20+ YR COM 464287432 46074 500100 SH SOLE 500100 0 0 TORCHMARK CORP COM 891027104 2210 33249 SH SOLE 33249 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 3198 57574 SH SOLE 57574 0 0 TELEFONOS DE MEXICO S A B SPON COM 879403780 4119 225598 SH SOLE 225598 0 0 THOMAS & BETTS CORP COM 884315102 551 9263 SH SOLE 9263 0 0 NEUTRAL TANDEM INC COM 64128B108 239 16236 SH SOLE 16236 0 0 TELE NORTE LESTE PART S A SPON COM 879246106 7221 411934 SH SOLE 411934 0 0 TOLL BROTHERS INC COM 889478103 1296 65545 SH SOLE 65545 0 0 TOTAL S A COM 89151E109 5509 90363 SH SOLE 90363 0 0 TEMPUR PEDIC INTL INC COM 88023U101 1520 29999 SH SOLE 29999 0 0 TRIQUINT SEMICONDUCTOR INC COM 89674K103 325 25139 SH SOLE 25139 0 0 TOOTSIE ROLL INDS INC COM 890516107 236 8325 SH SOLE 8325 0 0 TRANSATLANTIC HLDGS INC COM 893521104 2437 50080 SH SOLE 50080 0 0 THOMSON REUTERS CORP COM 884903105 2942 74979 SH SOLE 74979 0 0 TRIDENT MICROSYSTEMS INC COM 895919108 18 15879 SH SOLE 15879 0 0 TRUE RELIGION APPAREL INC COM 89784N104 481 20507 SH SOLE 20507 0 0 TRIMBLE NAVIGATION LTD COM 896239100 1254 24808 SH SOLE 24808 0 0 TRUSTMARK CORP COM 898402102 444 18955 SH SOLE 18955 0 0 PRICE T ROWE GROUP INC COM 74144T108 3636 54737 SH SOLE 54737 0 0 TRANSCANADA CORP COM 89353D107 2134 52662 SH SOLE 52662 0 0 TRUSTCO BK CORP N Y COM 898349105 74 12556 SH SOLE 12556 0 0 TRAVELERS COMPANIES INC COM 89417E109 19117 321408 SH SOLE 321408 0 0 TRAVELERS COMPANIES INC OPTION 89417E109 268 2653 SH PUT SOLE 2653 0 0 TRAVELERS COMPANIES INC OPTION 89417E109 488 750 SH CALL SOLE 750 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 3747 68023 SH SOLE 68023 0 0 TENARIS S A COM 88031M109 2396 48446 SH SOLE 48446 0 0 TRACTOR SUPPLY CO COM 892356106 720 12032 SH SOLE 12032 0 0 TRINA SOLAR LIMITED SPON COM 89628E104 2034 67524 SH SOLE 67524 0 0 TRINA SOLAR LIMITED BOND CV 89628EAA2 32821 174000 PRN SOLE 174000 0 0 TESLA MTRS INC COM 88160R101 307 11056 SH SOLE 11056 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 1827 149994 SH SOLE 149994 0 0 TYSON FOODS INC COM 902494103 3183 165879 SH SOLE 165879 0 0 TYSON FOODS INC BOND CV 902494AP8 976875 7500000 PRN SOLE 7500000 0 0 TESORO CORP COM 881609101 203 7580 SH SOLE 7580 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 317 17356 SH SOLE 17356 0 0 TOTAL SYS SVCS INC COM 891906109 1883 104522 SH SOLE 104522 0 0 TELECOMMUNICATION SYS INC COM 87929J103 430 103814 SH SOLE 103814 0 0 TORO CO COM 891092108 611 9230 SH SOLE 9230 0 0 TETRA TECH INC NEW COM 88162G103 1785 72302 SH SOLE 72302 0 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 938 60877 SH SOLE 60877 0 0 TATA MTRS LTD COM 876568502 11610 417782 SH SOLE 417782 0 0 TTM TECHNOLOGIES INC COM 87305R109 232 12794 SH SOLE 12794 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 173 11283 SH SOLE 11283 0 0 TELUS CORP NON-VTG SHS COM 87971M202 0 81887 SH SOLE 81887 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page40 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TUPPERWARE BRANDS CORP COM 899896104 18666 312619 SH SOLE 312619 0 0 ISHARES INC MSCI TURKEY FD COM 464286715 396 6200 SH SOLE 6200 0 0 GRUPO TELEVISA SA DE CV SP COM 40049J206 4879 198886 SH SOLE 198886 0 0 TOWERS WATSON & CO COM 891894107 413 7449 SH SOLE 7449 0 0 TIME WARNER CABLE INC COM 88732J207 2364 33135 SH SOLE 33135 0 0 TOWER GROUP INC COM 891777104 2550 106097 SH SOLE 106097 0 0 TITAN INTL INC ILL COM 88830M102 213 8008 SH SOLE 8008 0 0 TWO HBRS INVT CORP COM 90187B101 172 16464 SH SOLE 16464 0 0 TW TELECOM INC COM 87311L104 501 26100 SH SOLE 26100 0 0 TIME WARNER INC COM 887317303 12116 339383 SH SOLE 339383 0 0 TIME WARNER INC OPTION 887317303 384 3892 SH PUT SOLE 3892 0 0 TIME WARNER INC OPTION 887317303 830 3703 SH CALL SOLE 3703 0 0 TEXAS INSTRS INC COM 882508104 12358 357572 SH SOLE 357572 0 0 TEXAS INSTRS INC OPTION 882508104 333 494 SH CALL SOLE 494 0 0 TEXTRON INC COM 883203101 500 18257 SH SOLE 18257 0 0 TYCO INTERNATIONAL LTD SHS COM H89128104 8273 184800 SH SOLE 184800 0 0 UNDER ARMOUR INC COM 904311107 691 10159 SH SOLE 10159 0 0 UNITED CONTL HLDGS INC COM 910047109 1622 70536 SH SOLE 70536 0 0 UNIVERSAL AMERICAN CORP COM 913377107 468 20425 SH SOLE 20425 0 0 UBS AG SHS COM H89231338 554 30666 SH SOLE 30666 0 0 UNITED CMNTY BKS BLAIRSVLE G C COM 90984P105 31 13102 SH SOLE 13102 0 0 UDR INC COM 902653104 1741 71455 SH SOLE 71455 0 0 UNITED DOMINION REALTY TR IN BOND CV 910197AM4 404000 4000000 PRN SOLE 4000000 0 0 URANIUM ENERGY CORP COM 916896103 41 10172 SH SOLE 10172 0 0 DOMTAR CORP COM 257559203 1643 17900 SH SOLE 17900 0 0 UGI CORP NEW COM 902681105 653 19837 SH SOLE 19837 0 0 UNIVERSAL HLTH SVCS INC CL B COM 913903100 794 16074 SH SOLE 16074 0 0 UNIVERSAL HLTH SVCS INC CL B OPTION 913903100 200 1000 SH CALL SOLE 1000 0 0 UIL HLDG CORP COM 902748102 250 8180 SH SOLE 8180 0 0 UNISYS CORP COM 909214306 1489 47707 SH SOLE 47707 0 0 UNISYS CORP PFD SER A 6.25% COM 909214405 1700 19000 SH SOLE 19000 0 0 ULTA SALON COSMETCS & FRAG I COM 90384S303 321 6669 SH SOLE 6669 0 0 ULTIMATE SOFTWARE GROUP INC COM 90385D107 248 4219 SH SOLE 4219 0 0 UMPQUA HLDGS CORP COM 904214103 214 18665 SH SOLE 18665 0 0 UNILEVER N V N Y SHS COM 904784709 3432 109448 SH SOLE 109448 0 0 UNITED NAT FOODS INC COM 911163103 389 8678 SH SOLE 8678 0 0 UNITED STATES NATL GAS FUND UN COM 912318110 28958 2518053 SH SOLE 2518053 0 0 UNITEDHEALTH GROUP INC COM 91324P102 18732 414419 SH SOLE 414419 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 312 1650 SH PUT SOLE 1650 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 1673 1750 SH CALL SOLE 1750 0 0 UNUM GROUP COM 91529Y106 5397 205613 SH SOLE 205613 0 0 UNION PAC CORP COM 907818108 6192 62975 SH SOLE 62975 0 0 UNION PAC CORP OPTION 907818108 556 3359 SH PUT SOLE 3359 0 0 UNISOURCE ENERGY CORP COM 909205106 208 5744 SH SOLE 5744 0 0 UNIT CORP COM 909218109 724 11685 SH SOLE 11685 0 0 UNITED ONLINE INC COM 911268100 89 14064 SH SOLE 14064 0 0 ULTRA PETROLEUM CORP COM 903914109 2645 53705 SH SOLE 53705 0 0 UNITED PARCEL SERVICE INC CL B COM 911312106 12764 171741 SH SOLE 171741 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 1774 5989 SH CALL SOLE 5989 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 854 8277 SH PUT SOLE 8277 0 0 URBAN OUTFITTERS INC COM 917047102 3281 109988 SH SOLE 109988 0 0 UNITED RENTALS INC COM 911363109 974 29262 SH SOLE 29262 0 0 URS CORP NEW COM 903236107 1408 30580 SH SOLE 30580 0 0 US BANCORP DEL COM 902973304 21987 831896 SH SOLE 831896 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page41 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- US BANCORP DEL OPTION 902973304 2024 14381 SH PUT SOLE 14381 0 0 UNITED STATES OIL FUND LP UNITSCOM 91232N108 21638 507923 SH SOLE 507923 0 0 UNITED STATES OIL FUND LP UNITSOPTION 91232N108 1383 5021 SH CALL SOLE 5021 0 0 UNITED STATES OIL FUND LP UNITSOPTION 91232N108 1459 14109 SH PUT SOLE 14109 0 0 UNITED STATIONERS INC COM 913004107 734 10335 SH SOLE 10335 0 0 USEC INC COM 90333E108 118 26828 SH SOLE 26828 0 0 USEC INC BOND CV 90333EAC2 4424 56000 PRN SOLE 56000 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 1497 22338 SH SOLE 22338 0 0 UNITRIN INC COM 913275103 505 16338 SH SOLE 16338 0 0 UTSTARCOM INC COM 918076100 40 16999 SH SOLE 16999 0 0 UNITED TECHNOLOGIES CORP COM 913017109 15964 188589 SH SOLE 188589 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 1197 11076 SH PUT SOLE 11076 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 751 1992 SH CALL SOLE 1992 0 0 UNIVERSAL CORP VA COM 913456109 315 7237 SH SOLE 7237 0 0 US GOLD CORPORATION PAR $0.10 COM 912023207 137 15487 SH SOLE 15487 0 0 VISA INC COM COM 92826C839 8692 118060 SH SOLE 118060 0 0 VALSPAR CORP COM 920355104 631 16136 SH SOLE 16136 0 0 VALE S A COM 91912E105 68709 2060252 SH SOLE 2060252 0 0 VALE S A OPTION 91912E105 539 1976 SH CALL SOLE 1976 0 0 VALE S A OPTION 91912E105 2257 7825 SH PUT SOLE 7825 0 0 VALE S A COM 91912E204 60346 2044246 SH SOLE 2044246 0 0 VARIAN MED SYS INC COM 92220P105 2949 43605 SH SOLE 43605 0 0 VISTEON CORP COM 92839U206 937 15000 SH SOLE 15000 0 0 VALASSIS COMMUNICATIONS INC COM 918866104 1476 50650 SH SOLE 50650 0 0 VALUECLICK INC COM 92046N102 1011 69953 SH SOLE 69953 0 0 VEOLIA ENVIRONNEMENT COM 92334N103 619 19855 SH SOLE 19855 0 0 VEECO INSTRS INC DEL COM 922417100 1690 33236 SH SOLE 33236 0 0 V F CORP COM 918204108 2825 28673 SH SOLE 28673 0 0 VONAGE HLDGS CORP COM 92886T201 79 17391 SH SOLE 17391 0 0 VIACOM INC NEW CL B COM 92553P201 987 21210 SH SOLE 21210 0 0 VICAL INC COM 925602104 36 12118 SH SOLE 12118 0 0 VIMPELCOM LTD COM 92719A106 6696 474223 SH SOLE 474223 0 0 VISIONCHINA MEDIA INC SPONS COM 92833U103 213 49284 SH SOLE 49284 0 0 VANCEINFO TECHNOLOGIES INC COM 921564100 533 16983 SH SOLE 16983 0 0 ORTHOVITA INC COM 68750U102 31 14698 SH SOLE 14698 0 0 VIVO PARTICIPACOES S A SPON COM 92855S200 430 10645 SH SOLE 10645 0 0 VALERO ENERGY CORP NEW COM 91913Y100 1575 52825 SH SOLE 52825 0 0 VALLEY NATL BANCORP COM 919794107 689 49369 SH SOLE 49369 0 0 VIRGIN MEDIA INC COM 92769L101 5156 185537 SH SOLE 185537 0 0 VALMONT INDS INC COM 920253101 11413 109356 SH SOLE 109356 0 0 VMWARE INC COM 928563402 8769 107541 SH SOLE 107541 0 0 VMWARE INC OPTION 928563402 202 350 SH PUT SOLE 350 0 0 VORNADO RLTY TR SH BEN INT COM 929042109 9384 107241 SH SOLE 107241 0 0 VODAFONE GROUP PLC NEW SPONS COM 92857W209 9882 343738 SH SOLE 343738 0 0 VOLCANO CORPORATION COM 928645100 203 7939 SH SOLE 7939 0 0 VIROPHARMA INC COM 928241108 253 12703 SH SOLE 12703 0 0 VALIDUS HOLDINGS LTD COM SHS COM G9319H102 954 28620 SH SOLE 28620 0 0 VERIGY LTD SHS COM Y93691106 2131 151229 SH SOLE 151229 0 0 VERINT SYS INC COM 92343X100 362 10100 SH SOLE 10100 0 0 VERISK ANALYTICS INC COM 92345Y106 1701 51933 SH SOLE 51933 0 0 VERISIGN INC COM 92343E102 4108 113440 SH SOLE 113440 0 0 VERISIGN INC SDCV 3.250% 8/1 BOND CV 92343EAD4 602500 5000000 PRN SOLE 5000000 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 5969 124533 SH SOLE 124533 0 0 PHARMASSET INC COM 71715N106 412 5235 SH SOLE 5235 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page42 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- VIASAT INC COM 92552V100 214 5374 SH SOLE 5374 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 596 12252 SH SOLE 12252 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 777 43778 SH SOLE 43778 0 0 VANTAGE DRILLING COMPANY ORD S COM G93205113 44 24614 SH SOLE 24614 0 0 VENTAS INC COM 92276F100 473 8715 SH SOLE 8715 0 0 VECTREN CORP COM 92240G101 408 15011 SH SOLE 15011 0 0 VIVUS INC COM 928551100 82 13273 SH SOLE 13273 0 0 BARCLAYS BK PLC IPTH S&P VIX COM 06740C261 98611 3357558 SH SOLE 3357558 0 0 BARCLAYS BK PLC IPTH S&P VIX OPTION 06740C261 67136 82970 SH PUT SOLE 82970 0 0 BARCLAYS BK PLC IPATH S&P MT E COM 06740C519 5574 101260 SH SOLE 101260 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 43192 1120703 SH SOLE 1120703 0 0 VERIZON COMMUNICATIONS INC OPTION 92343V104 3829 11112 SH CALL SOLE 11112 0 0 VERIZON COMMUNICATIONS INC OPTION 92343V104 4915 36693 SH PUT SOLE 36693 0 0 WABTEC CORP COM 929740108 1316 19404 SH SOLE 19404 0 0 WESTAMERICA BANCORPORATION COM 957090103 446 8679 SH SOLE 8679 0 0 WALGREEN CO COM 931422109 8331 207548 SH SOLE 207548 0 0 WALGREEN CO OPTION 931422109 718 3901 SH PUT SOLE 3901 0 0 WALGREEN CO OPTION 931422109 2158 2667 SH CALL SOLE 2667 0 0 WESTERN ALLIANCE BANCORP COM 957638109 90 10894 SH SOLE 10894 0 0 WATERS CORP COM 941848103 310 3573 SH SOLE 3573 0 0 WAVE SYSTEMS CORP COM 943526301 41 12942 SH SOLE 12942 0 0 WABCO HLDGS INC COM 92927K102 910 14759 SH SOLE 14759 0 0 WIMM BILL DANN FOODS OJSC COM 97263M109 4634 138442 SH SOLE 138442 0 0 WEBMD HEALTH CORP COM 94770V102 1310 24515 SH SOLE 24515 0 0 WEBSTER FINL CORP CONN COM 947890109 499 23270 SH SOLE 23270 0 0 WEST COAST BANCORP ORE NEW COM 952145100 52 14979 SH SOLE 14979 0 0 WESCO INTL INC COM 95082P105 202 3231 SH SOLE 3231 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 544 12968 SH SOLE 12968 0 0 WASTE CONNECTIONS INC COM 941053100 2405 83535 SH SOLE 83535 0 0 WARNER CHILCOTT PLC IRELAND SH COM G94368100 2955 127055 SH SOLE 127055 0 0 WESTERN DIGITAL CORP COM 958102105 5842 156675 SH SOLE 156675 0 0 WADDELL & REED FINL INC COM 930059100 1958 48206 SH SOLE 48206 0 0 WISCONSIN ENERGY CORP COM 976657106 1020 33458 SH SOLE 33458 0 0 WENDYS ARBYS GROUP INC COM 950587105 285 56729 SH SOLE 56729 0 0 WERNER ENTERPRISES INC COM 950755108 349 13181 SH SOLE 13181 0 0 WELLS FARGO & CO NEW COM 949746101 58694 1850948 SH SOLE 1850948 0 0 WELLS FARGO & CO NEW OPTION 949746101 4005 11653 SH CALL SOLE 11653 0 0 WELLS FARGO & CO NEW OPTION 949746101 5817 39679 SH PUT SOLE 39679 0 0 WHOLE FOODS MKT INC COM 966837106 7873 119476 SH SOLE 119476 0 0 WHOLE FOODS MKT INC OPTION 966837106 933 665 SH CALL SOLE 665 0 0 MEMC ELECTR MATLS INC COM 552715104 1799 138845 SH SOLE 138845 0 0 WASHINGTON FED INC COM 938824109 596 34352 SH SOLE 34352 0 0 WEATHERFORD INTERNATIONAL LT R COM H27013103 13267 587021 SH SOLE 587021 0 0 WEATHERFORD INTERNATIONAL LT R OPTION H27013103 271 3150 SH PUT SOLE 3150 0 0 WGL HLDGS INC COM 92924F106 663 16989 SH SOLE 16989 0 0 WINNEBAGO INDS INC COM 974637100 2355 176110 SH SOLE 176110 0 0 WHIRLPOOL CORP COM 963320106 1586 18581 SH SOLE 18581 0 0 WHIRLPOOL CORP OPTION 963320106 226 1333 SH PUT SOLE 1333 0 0 WINDSTREAM CORP COM 97381W104 4282 332475 SH SOLE 332475 0 0 WIPRO LTD SPON COM 97651M109 6116 417474 SH SOLE 417474 0 0 WILMINGTON TRUST CORP COM 971807102 86 19109 SH SOLE 19109 0 0 WHITING PETE CORP NEW COM 966387102 2063 28085 SH SOLE 28085 0 0 WELLPOINT INC COM 94973V107 5571 79831 SH SOLE 79831 0 0 WELLPOINT INC OPTION 94973V107 210 1150 SH PUT SOLE 1150 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page43 of 45 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 ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- WALTER ENERGY INC COM 93317Q105 2109 15575 SH SOLE 15575 0 0 WASTE MGMT INC DEL COM 94106L109 11398 305247 SH SOLE 305247 0 0 WILLIAMS COS INC DEL COM 969457100 10282 329766 SH SOLE 329766 0 0 WRIGHT MED GROUP INC COM 98235T107 427 25097 SH SOLE 25097 0 0 WMS INDS INC COM 929297109 1313 37138 SH SOLE 37138 0 0 WAL MART STORES INC COM 931142103 49353 948194 SH SOLE 948194 0 0 WAL MART STORES INC OPTION 931142103 1504 6413 SH CALL SOLE 6413 0 0 WAL MART STORES INC OPTION 931142103 4177 11476 SH PUT SOLE 11476 0 0 WABASH NATL CORP COM 929566107 125 10799 SH SOLE 10799 0 0 WESTERN REFNG INC COM 959319104 661 38969 SH SOLE 38969 0 0 VCA ANTECH INC COM 918194101 819 32523 SH SOLE 32523 0 0 WORTHINGTON INDS INC COM 981811102 346 16529 SH SOLE 16529 0 0 WATSON PHARMACEUTICALS INC COM 942683103 2512 44858 SH SOLE 44858 0 0 WESTAR ENERGY INC COM 95709T100 537 20331 SH SOLE 20331 0 0 BERKLEY W R CORP COM 084423102 1406 43664 SH SOLE 43664 0 0 WARNACO GROUP INC COM 934390402 370 6476 SH SOLE 6476 0 0 WASHINGTON REAL ESTATE INVT SH COM 939653101 460 14811 SH SOLE 14811 0 0 WARREN RES INC COM 93564A100 58 11293 SH SOLE 11293 0 0 WEINGARTEN RLTY INVS SH BEN INTCOM 948741103 1186 47338 SH SOLE 47338 0 0 WESCO FINL CORP COM 950817106 15974 41044 SH SOLE 41044 0 0 WILLIS GROUP HOLDINGS PUBLIC S COM G96666105 1556 38555 SH SOLE 38555 0 0 WATSCO INC COM 942622200 421 6035 SH SOLE 6035 0 0 WEST PHARMACEUTICAL SVSC INC COM 955306105 243 5428 SH SOLE 5428 0 0 WINTRUST FINANCIAL CORP COM 97650W108 204 5545 SH SOLE 5545 0 0 W & T OFFSHORE INC COM 92922P106 728 31926 SH SOLE 31926 0 0 WHITE MTNS INS GROUP LTD COM G9618E107 1224 3361 SH SOLE 3361 0 0 WHITNEY HLDG CORP COM 966612103 394 28899 SH SOLE 28899 0 0 AQUA AMERICA INC COM 03836W103 3642 159117 SH SOLE 159117 0 0 WATTS WATER TECHNOLOGIES INC COM 942749102 2281 59733 SH SOLE 59733 0 0 WET SEAL INC COM 961840105 69 16099 SH SOLE 16099 0 0 WESTERN UN CO COM 959802109 7331 352946 SH SOLE 352946 0 0 WOODWARD INC COM 980745103 1295 37470 SH SOLE 37470 0 0 WOLVERINE WORLD WIDE INC COM 978097103 304 8151 SH SOLE 8151 0 0 WUXI PHARMATECH CAYMAN INC SPO COM 929352102 401 25955 SH SOLE 25955 0 0 WRIGHT EXPRESS CORP COM 98233Q105 329 6344 SH SOLE 6344 0 0 WEYERHAEUSER CO COM 962166104 5438 221073 SH SOLE 221073 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 417 13112 SH SOLE 13112 0 0 WYNN RESORTS LTD COM 983134107 9597 75474 SH SOLE 75474 0 0 UNITED STATES STL CORP NEW COM 912909108 10285 190681 SH SOLE 190681 0 0 UNITED STATES STL CORP NEW OPTION 912909108 761 3673 SH PUT SOLE 3673 0 0 UNITED STATES STL CORP NEW OPTION 912909108 1886 1600 SH CALL SOLE 1600 0 0 EXCO RESOURCES INC COM 269279402 1813 87763 SH SOLE 87763 0 0 CIMAREX ENERGY CO COM 171798101 5500 47726 SH SOLE 47726 0 0 XCEL ENERGY INC COM 98389B100 1227 51349 SH SOLE 51349 0 0 SPDR SERIES TRUST S&P HOMEBUILDCOM 78464A888 15068 827455 SH SOLE 827455 0 0 SPDR SERIES TRUST S&P HOMEBUILDOPTION 78464A888 324 3000 SH CALL SOLE 3000 0 0 EXIDE TECHNOLOGIES COM 302051206 134 12024 SH SOLE 12024 0 0 SELECT SECTOR SPDR TR SBI MATE COM 81369Y100 7343 183474 SH SOLE 183474 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y506 47004 589386 SH SOLE 589386 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 3099 4722 SH CALL SOLE 4722 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 5189 22149 SH PUT SOLE 22149 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 308345 18813025 SH SOLE 18813025 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 7397 50499 SH CALL SOLE 50499 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 11857 245456 SH PUT SOLE 245456 0 0

Manager: BNP PARIBAS ARBITRAGE, SNC Period End Date: Mar 31,2011 Page44 of 45 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 INT- COM 81369Y704 103457 2746771 SH SOLE 2746771 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y704 2076 22065 SH PUT SOLE 22065 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y803 5749 220577 SH SOLE 220577 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y803 543 5472 SH CALL SOLE 5472 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y803 4417 52790 SH PUT SOLE 52790 0 0 XILINX INC COM 983919101 3804 115966 SH SOLE 115966 0 0 XILINX INC SDCV 3.125% 3/1 BOND CV 983919AD3 12336 106000 PRN SOLE 106000 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y308 9075 303316 SH SOLE 303316 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y308 235 13218 SH CALL SOLE 13218 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y308 575 15002 SH PUT SOLE 15002 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y886 4900 153758 SH SOLE 153758 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y886 1143 14000 SH PUT SOLE 14000 0 0 SELECT SECTOR SPDR TR SBI HEAL COM 81369Y209 86357 2608192 SH SOLE 2608192 0 0 SELECT SECTOR SPDR TR SBI HEAL OPTION 81369Y209 2004 8750 SH CALL SOLE 8750 0 0 SELECT SECTOR SPDR TR SBI HEAL OPTION 81369Y209 2556 31528 SH PUT SOLE 31528 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y407 106507 2727440 SH SOLE 2727440 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y407 220 1500 SH CALL SOLE 1500 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y407 2347 15378 SH PUT SOLE 15378 0 0 SPDR SERIES TRUST S&P METALS M COM 78464A755 38034 511966 SH SOLE 511966 0 0 EXXON MOBIL CORP COM 30231G102 134736 1601524 SH SOLE 1601524 0 0 EXXON MOBIL CORP OPTION 30231G102 4911 30324 SH PUT SOLE 30324 0 0 EXXON MOBIL CORP OPTION 30231G102 34855 27110 SH CALL SOLE 27110 0 0 DENTSPLY INTL INC NEW COM 249030107 3543 95777 SH SOLE 95777 0 0 SPDR SERIES TRUST S&P RETAIL E COM 78464A714 108107 2128095 SH SOLE 2128095 0 0 SPDR SERIES TRUST S&P RETAIL E OPTION 78464A714 400 1000 SH PUT SOLE 1000 0 0 XEROX CORP COM 984121103 1949 183042 SH SOLE 183042 0 0 IXIA COM 45071R109 267 16838 SH SOLE 16838 0 0 ALLEGHANY CORP DEL COM 017175100 463 1400 SH SOLE 1400 0 0 YINGLI GREEN ENERGY HLDG CO COM 98584B103 1817 140873 SH SOLE 140873 0 0 YAHOO INC COM 984332106 15502 929362 SH SOLE 929362 0 0 YAHOO INC OPTION 984332106 1473 5469 SH PUT SOLE 5469 0 0 YOUKU COM INC COM 98742U100 376 7919 SH SOLE 7919 0 0 U STORE IT TR COM 91274F104 256 24312 SH SOLE 24312 0 0 YUM BRANDS INC COM 988498101 11623 226217 SH SOLE 226217 0 0 YANZHOU COAL MNG CO LTD SPON COM 984846105 1588 43778 SH SOLE 43778 0 0 ZEBRA TECHNOLOGIES CORP COM 989207105 527 13431 SH SOLE 13431 0 0 ZIONS BANCORPORATION COM 989701107 222 9646 SH SOLE 9646 0 0 ZIX CORP COM 98974P100 40 10807 SH SOLE 10807 0 0 ZALICUS INC COM 98887C105 31 12556 SH SOLE 12556 0 0 ZIMMER HLDGS INC COM 98956P102 2239 36994 SH SOLE 36994 0 0 CHINA SOUTHN AIRLS LTD SPON COM 169409109 373 16784 SH SOLE 16784 0 0 QUIKSILVER INC COM 74838C106 94 21156 SH SOLE 21156 0 0 ZWEIG TOTAL RETURN FD INC COM 989837109 909 261998 SH SOLE 261998 0 0