-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HwMq7l7Erz40otENcbvAqM9t8UyHTGMk/z2AKWx6lx7Ku5LF9VSuQbx5PsBJtdCm JMyk1GlAC3kwrkAeHTT0pQ== 0001166588-07-000022.txt : 20071113 0001166588-07-000022.hdr.sgml : 20071112 20071113121339 ACCESSION NUMBER: 0001166588-07-000022 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071113 DATE AS OF CHANGE: 20071113 EFFECTIVENESS DATE: 20071113 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: 071236134 BUSINESS ADDRESS: STREET 1: 555 CROTON ROAD CITY: KING OF PRUSSIA STATE: PA ZIP: 19046 BUSINESS PHONE: 610 491 1492 MAIL ADDRESS: STREET 1: 555 CROTON ROAD CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 13F-HR 1 bnpparb13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended:Sep 28,2007 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: BNP Paribas Arbitrage, SA Address: 555 CROTON RD KING OF PRUSSIA, PA 19406 13F File Number: 028 - 10038 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Fred Hoevenaar Title: Managing Director, Compliance Phone: 212-841-3031 Signature ,Place, and Date of Signing: Fred Hoevenaar New York, NY 2007/11/13 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting managers(s).) List of Other Managers Reporting for this Manager: **NONE** I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total:2,052 Form 13F Information Table Value Total:$94,097,116,534 List of Other Included Managers: No. 13F File Number Name **NONE**
Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page 1 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ADVANTAGE ENERGY INCOME FD TR COM 00762L101 369 30114 SH SOLE 30114 0 0 AGNICO EAGLE MINES LTD COM 008474108 203 4175 SH SOLE 4175 0 0 AGRIUM INC COM 008916108 227 4195 SH SOLE 4195 0 0 ALCAN INC COM 013716105 1069 10625 SH SOLE 10625 0 0 BCE INC COM 05534B760 24636 775852 SH SOLE 775852 0 0 BANK MONTREAL QUE COM 063671101 710 10840 SH SOLE 10840 0 0 BANK NOVA SCOTIA HALIFAX COM 064149107 1196 22448 SH SOLE 22448 0 0 BARRICK GOLD CORP COM 067901108 995 25189 SH SOLE 25189 0 0 BAYTEX ENERGY TR TRUST UNIT COM 073176109 5301 260335 SH SOLE 260335 0 0 BROOKFIELD ASSET MGMT INC COM 112585104 1252 27108 SH SOLE 27108 0 0 BROOKFIELD PPTYS CORP COM 112900105 479 19376 SH SOLE 19376 0 0 CAE INC COM 124765108 3821 286283 SH SOLE 286283 0 0 CAMECO CORP COM 13321L108 1299 27840 SH SOLE 27840 0 0 CDN IMPERIAL BK OF COMMERCE COM 136069101 2329 23280 SH SOLE 23280 0 0 CANADIAN NATL RY CO COM 136375102 861 14920 SH SOLE 14920 0 0 CANADIAN NAT RES LTD COM 136385101 2208 29210 SH SOLE 29210 0 0 CANADIAN PAC RY LTD COM 13645T100 315 4465 SH SOLE 4465 0 0 CANETIC RES TR COM 137513107 1117 73192 SH SOLE 73192 0 0 DENISON MINES CORP COM 248356107 1398 125694 SH SOLE 125694 0 0 ENCANA CORP COM 292505104 1371 22241 SH SOLE 22241 0 0 ENERPLUS RES FD UNIT TR G COM 29274D604 10431 205760 SH SOLE 205760 0 0 FORDING CDN COAL TR TR UNIT COM 345425102 3314 85867 SH SOLE 85867 0 0 GOLDCORP INC NEW COM 380956409 605 20250 SH SOLE 20250 0 0 HARVEST ENERGY TR TRUST UNIT COM 41752X101 1397 52068 SH SOLE 52068 0 0 IMPERIAL OIL LTD COM 453038408 441 8889 SH SOLE 8889 0 0 KINROSS GOLD CORP COM NO PAR COM 496902404 260 17248 SH SOLE 17248 0 0 MAGNA INTL INC COM 559222401 350 3596 SH SOLE 3596 0 0 NEXEN INC COM 65334H102 464 15116 SH SOLE 15116 0 0 NORTEL NETWORKS CORP NEW COM 656568508 203 12138 SH SOLE 12138 0 0 PENN WEST ENERGY TR TR UNIT COM 707885109 3582 115240 SH SOLE 115240 0 0 PETRO-CDA COM 71644E102 814 14150 SH SOLE 14150 0 0 POTASH CORP SASK INC COM 73755L107 963 9202 SH SOLE 9202 0 0 PROVIDENT ENERGY TR TR UNIT COM 74386K104 221 17481 SH SOLE 17481 0 0 QUEBECOR WORLD INC COM NON-VTG COM 748203106 110 12043 SH SOLE 12043 0 0 RESEARCH IN MOTION LTD COM 760975102 1464 14571 SH SOLE 14571 0 0 ROGERS COMMUNICATIONS INC CL B COM 775109200 706 15481 SH SOLE 15481 0 0 ROYAL BK CDA MONTREAL QUE COM 780087102 2087 37598 SH SOLE 37598 0 0 SHAW COMMUNICATIONS INC CL B C COM 82028K200 239 9562 SH SOLE 9562 0 0 SUNCOR ENERGY INC COM 867229106 1295 13475 SH SOLE 13475 0 0 TALISMAN ENERGY INC COM 87425E103 610 31036 SH SOLE 31036 0 0 THOMSON CORP COM 884903105 840 19738 SH SOLE 19738 0 0 TORONTO DOMINION BK ONT COM 891160509 1899 24780 SH SOLE 24780 0 0 TRANSALTA CORP COM 89346D107 642 20451 SH SOLE 20451 0 0 TRANSCANADA CORP COM 89353D107 2065 65464 SH SOLE 65464 0 0 YAMANA GOLD INC COM 98462Y100 177 17632 SH SOLE 17632 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 4438 120340 SH SOLE 120340 0 0 ALCOA INC COM 013817101 608094 15544323 SH SOLE 15544323 0 0 ALCOA INC OPTION 013817101 4216 19585 SH PUT SOLE 19585 0 0 ALCOA INC OPTION 013817101 4524 14152 SH CALL SOLE 14152 0 0 AIRTRAN HLDGS INC BOND CV 00949PAB4 1394688 12288000 PRN SOLE 12288000 0 0 ADVANCE AUTO PARTS INC COM 00751Y106 49224 1466745 SH SOLE 1466745 0 0 APPLE INC COM 037833100 225889 1471876 SH SOLE 1471876 0 0 APPLE INC OPTION 037833100 13385 32279 SH PUT SOLE 32279 0 0 APPLE INC OPTION 037833100 75226 20285 SH CALL SOLE 20285 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page2 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ADVANCED ANALOGIC TECHNOLOGI COM 00752J108 180 16950 SH SOLE 16950 0 0 ANGLO AMERN PLC COM 03485P201 3585 107166 SH SOLE 107166 0 0 ABB LTD COM 000375204 1561 59518 SH SOLE 59518 0 0 AMERISOURCEBERGEN CORP COM 03073E105 4950 109195 SH SOLE 109195 0 0 APPLERA CORP COM AP BIO GRP COM 038020103 19359 558865 SH SOLE 558865 0 0 AMBAC FINL GROUP INC COM 023139108 2601 41347 SH SOLE 41347 0 0 AMBAC FINL GROUP INC OPTION 023139108 1624 1784 SH PUT SOLE 1784 0 0 ABN AMRO HLDG NV COM 000937102 6245 118954 SH SOLE 118954 0 0 ABBOTT LABS COM 002824100 202223 3771402 SH SOLE 3771402 0 0 ABBOTT LABS OPTION 002824100 6928 26397 SH PUT SOLE 26397 0 0 ABBOTT LABS OPTION 002824100 5289 16555 SH CALL SOLE 16555 0 0 COMPANHIA DE BEBIDAS DAS AME S COM 20441W203 9658 132072 SH SOLE 132072 0 0 BARRICK GOLD CORP COM 067901108 3765 93464 SH SOLE 93464 0 0 BARRICK GOLD CORP OPTION 067901108 3065 3820 SH CALL SOLE 3820 0 0 ABITIBI-CONSOLIDATED INC COM 003924107 2766 1580811 SH SOLE 1580811 0 0 AMERICAN CAPITAL STRATEGIES COM 024937104 5477 128172 SH SOLE 128172 0 0 ACE LTD COM G0070K103 16872 278560 SH SOLE 278560 0 0 ACE LTD OPTION G0070K103 1232 4250 SH PUT SOLE 4250 0 0 AMERICREDIT CORP OPTION 03060R101 304 565 SH PUT SOLE 565 0 0 ARCH CAP GROUP LTD COM G0450A105 666 8957 SH SOLE 8957 0 0 ACERGY S A COM 00443E104 891 30000 SH SOLE 30000 0 0 ARCH COAL INC COM 039380100 1154 34191 SH SOLE 34191 0 0 ALCON INC COM SHS COM H01301102 529 3676 SH SOLE 3676 0 0 ACCENTURE LTD BERMUDA COM G1150G111 5286 131322 SH SOLE 131322 0 0 AFFILIATED COMPUTER SERVICES COM 008190100 8630 171777 SH SOLE 171777 0 0 ACXIOM CORP COM 005125109 4642 234567 SH SOLE 234567 0 0 ADOBE SYS INC COM 00724F101 37434 857401 SH SOLE 857401 0 0 ADOBE SYS INC OPTION 00724F101 323 5117 SH PUT SOLE 5117 0 0 ADOBE SYS INC OPTION 00724F101 997 3479 SH CALL SOLE 3479 0 0 ANALOG DEVICES INC COM 032654105 20399 564131 SH SOLE 564131 0 0 ANALOG DEVICES INC OPTION 032654105 354 4131 SH CALL SOLE 4131 0 0 ANALOG DEVICES INC OPTION 032654105 1222 5634 SH PUT SOLE 5634 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 17781 537505 SH SOLE 537505 0 0 ARCHER DANIELS MIDLAND CO OPTION 039483102 415 8270 SH CALL SOLE 8270 0 0 ARCHER DANIELS MIDLAND CO OPTION 039483102 1387 7453 SH PUT SOLE 7453 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 46225 1006417 SH SOLE 1006417 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 9098 117487 SH SOLE 117487 0 0 AUTODESK INC COM 052769106 12152 243195 SH SOLE 243195 0 0 AUTODESK INC OPTION 052769106 338 650 SH CALL SOLE 650 0 0 ADAMS EXPRESS CO COM 006212104 3277 219203 SH SOLE 219203 0 0 AMEREN CORP COM 023608102 12272 233743 SH SOLE 233743 0 0 AEGON N V ORD AMER REG COM 007924103 2786 146389 SH SOLE 146389 0 0 ADVANCED ENERGY INDS COM 007973100 473 31299 SH SOLE 31299 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 16883 641706 SH SOLE 641706 0 0 AMERICAN ELEC PWR INC COM 025537101 30565 663300 SH SOLE 663300 0 0 AERCAP HOLDINGS NV SHS COM N00985106 597 24000 SH SOLE 24000 0 0 AES CORP COM 00130H105 6007 299731 SH SOLE 299731 0 0 AETNA INC NEW COM 00817Y108 14656 270057 SH SOLE 270057 0 0 AETNA INC NEW OPTION 00817Y108 280 914 SH CALL SOLE 914 0 0 AMERICAN FINL GROUP INC OHIO COM 025932104 5551 194630 SH SOLE 194630 0 0 AFLAC INC COM 001055102 10592 185694 SH SOLE 185694 0 0 AFLAC INC OPTION 001055102 725 2958 SH CALL SOLE 2958 0 0 AMERICAN FINL RLTY TR COM 02607P305 6796 844200 SH SOLE 844200 0 0 AGCO CORP COM 001084102 451 8886 SH SOLE 8886 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page3 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AGCO CORP BOND CV 001084AM4 618750 4500000 PRN SOLE 4500000 0 0 ISHARES TR LEHMAN AGG BND COM 464287226 1327 13264 SH SOLE 13264 0 0 ALLERGAN INC COM 018490102 8085 125404 SH SOLE 125404 0 0 ALLERGAN INC BOND CV 018490AL6 173437 1499999 PRN SOLE 1499999 0 0 KONINKLIJKE AHOLD N V SPON COM 500467402 1121 74370 SH SOLE 74370 0 0 ANTHRACITE CAP INC COM 037023108 128 14100 SH SOLE 14100 0 0 AMERICAN INTL GROUP INC COM 026874107 315468 4663240 SH SOLE 4663240 0 0 AMERICAN INTL GROUP INC OPTION 026874107 19623 83340 SH PUT SOLE 83340 0 0 AMERICAN INTL GROUP INC OPTION 026874107 8683 36367 SH CALL SOLE 36367 0 0 ALBANY INTL CORP COM 012348108 4030 107504 SH SOLE 107504 0 0 APOLLO INVT CORP COM 03761U106 8574 412200 SH SOLE 412200 0 0 ANTARES PHARMA INC COM 036642106 142 100000 SH SOLE 100000 0 0 APARTMENT INVT & MGMT CO COM 03748R101 1442 31952 SH SOLE 31952 0 0 ASSURANT INC COM 04621X108 19501 364507 SH SOLE 364507 0 0 GALLAGHER ARTHUR J & CO COM 363576109 2504 86444 SH SOLE 86444 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 4866 169366 SH SOLE 169366 0 0 AK STL HLDG CORP COM 001547108 1840 41874 SH SOLE 41874 0 0 AK STL HLDG CORP OPTION 001547108 203 3120 SH PUT SOLE 3120 0 0 AK STL HLDG CORP OPTION 001547108 825 2322 SH CALL SOLE 2322 0 0 ALCAN INC COM 013716105 513060 5126500 SH SOLE 5126500 0 0 ALLIED CAP CORP NEW COM 01903Q108 855 29102 SH SOLE 29102 0 0 ALLSTATE CORP COM 020002101 9811 171552 SH SOLE 171552 0 0 ALLSTATE CORP OPTION 020002101 832 5147 SH CALL SOLE 5147 0 0 ALPHARMA INC BOND CV 020813AH4 2362500 26250000 PRN SOLE 26250000 0 0 ALTERA CORP COM 021441100 10534 437446 SH SOLE 437446 0 0 ALTERA CORP OPTION 021441100 584 10163 SH PUT SOLE 10163 0 0 ALTERA CORP OPTION 021441100 1134 6106 SH CALL SOLE 6106 0 0 ALCATEL-LUCENT COM 013904305 4878 479201 SH SOLE 479201 0 0 ALCATEL-LUCENT OPTION 013904305 155 13430 SH CALL SOLE 13430 0 0 ALCATEL-LUCENT OPTION 013904305 1125 4458 SH PUT SOLE 4458 0 0 ALSIUS CORPORATION UNIT 08/03/ COM 021211206 226 26405 SH SOLE 26405 0 0 AUTOLIV INC COM 052800109 1400 23431 SH SOLE 23431 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 540 8282 SH SOLE 8282 0 0 ALEXION PHARMACEUTICALS INC OPTION 015351109 1660 500 SH CALL SOLE 500 0 0 AMERICAN GREETINGS CORP COM 026375105 993 37596 SH SOLE 37596 0 0 APPLIED MATLS INC COM 038222105 15996 772731 SH SOLE 772731 0 0 APPLIED MATLS INC OPTION 038222105 1882 32794 SH PUT SOLE 32794 0 0 APPLIED MATLS INC OPTION 038222105 2862 27754 SH CALL SOLE 27754 0 0 AMB PROPERTY CORP COM 00163T109 7504 125469 SH SOLE 125469 0 0 APPLIED MICRO CIRCUITS CORP COM 03822W109 226 71575 SH SOLE 71575 0 0 ADVANCED MICRO DEVICES INC COM 007903107 15228 1153660 SH SOLE 1153660 0 0 ADVANCED MICRO DEVICES INC OPTION 007903107 1923 21911 SH CALL SOLE 21911 0 0 ADVANCED MICRO DEVICES INC OPTION 007903107 16903 61059 SH PUT SOLE 61059 0 0 AMGEN INC COM 031162100 88052 1556521 SH SOLE 1556521 0 0 AMGEN INC OPTION 031162100 2433 11332 SH CALL SOLE 11332 0 0 AMGEN INC OPTION 031162100 7307 15265 SH PUT SOLE 15265 0 0 AMGEN INC BOND CV 031162AN0 3542854 38000000 PRN SOLE 38000000 0 0 AMKOR TECHNOLOGY INC COM 031652100 1616 140300 SH SOLE 140300 0 0 AMKOR TECHNOLOGY INC OPTION 031652100 364 4962 SH PUT SOLE 4962 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 5316 106322 SH SOLE 106322 0 0 AMYLIN PHARMACEUTICALS INC OPTION 032346108 318 1104 SH CALL SOLE 1104 0 0 AMERICAN MED SYS HLDGS INC BOND CV 02744MAA6 540500 5000000 PRN SOLE 5000000 0 0 AMERIPRISE FINL INC COM 03076C106 5732 90826 SH SOLE 90826 0 0 AMR CORP COM 001765106 26580 1192484 SH SOLE 1192484 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page4 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMR CORP OPTION 001765106 1595 8356 SH CALL SOLE 8356 0 0 AMR CORP OPTION 001765106 9042 15985 SH PUT SOLE 15985 0 0 AMERICAN TOWER CORP COM 029912201 4723 108481 SH SOLE 108481 0 0 AMERICAN TOWER CORP OPTION 029912201 478 967 SH CALL SOLE 967 0 0 TD AMERITRADE HLDG CORP COM 87236Y108 4058 222712 SH SOLE 222712 0 0 AMERICA MOVIL SAB DE CV SPON COM 02364W105 25560 399371 SH SOLE 399371 0 0 AMERICA MOVIL SAB DE CV SPON OPTION 02364W105 2260 2000 SH CALL SOLE 2000 0 0 AMREIT COM 032158107 752 95000 SH SOLE 95000 0 0 AMAZON COM INC COM 023135106 366301 3932376 SH SOLE 3932376 0 0 AMAZON COM INC OPTION 023135106 2294 20576 SH PUT SOLE 20576 0 0 AMAZON COM INC OPTION 023135106 54514 12987 SH CALL SOLE 12987 0 0 AUTONATION INC COM 05329W102 618 34885 SH SOLE 34885 0 0 ANADIGICS INC COM 032515108 389 21514 SH SOLE 21514 0 0 ANDERSONS INC COM 034164103 2724 56736 SH SOLE 56736 0 0 ANDREW CORP COM 034425108 16417 1185321 SH SOLE 1185321 0 0 AMERICAN CMNTY NEWSPAPERS IN U COM 02520T202 337 70000 SH SOLE 70000 0 0 ABERCROMBIE & FITCH CO COM 002896207 24143 299165 SH SOLE 299165 0 0 ABERCROMBIE & FITCH CO OPTION 002896207 1367 3376 SH PUT SOLE 3376 0 0 ABERCROMBIE & FITCH CO OPTION 002896207 916 3432 SH CALL SOLE 3432 0 0 AMERICAN LD LEASE INC COM 027118108 1279 56999 SH SOLE 56999 0 0 AON CORP COM 037389103 3823 85308 SH SOLE 85308 0 0 APACHE CORP COM 037411105 79589 883738 SH SOLE 883738 0 0 APACHE CORP OPTION 037411105 2582 3098 SH CALL SOLE 3098 0 0 ANADARKO PETE CORP COM 032511107 42299 786950 SH SOLE 786950 0 0 ANADARKO PETE CORP OPTION 032511107 804 3681 SH PUT SOLE 3681 0 0 ANADARKO PETE CORP OPTION 032511107 835 2650 SH CALL SOLE 2650 0 0 AIR PRODS & CHEMS INC COM 009158106 14345 146732 SH SOLE 146732 0 0 AMPHENOL CORP NEW COM 032095101 3392 85301 SH SOLE 85301 0 0 APOGEE ENTERPRISES INC COM 037598109 270 10400 SH SOLE 10400 0 0 APOLLO GROUP INC COM 037604105 11029 183363 SH SOLE 183363 0 0 APOLLO GROUP INC OPTION 037604105 357 1796 SH PUT SOLE 1796 0 0 APOLLO GROUP INC OPTION 037604105 676 4452 SH CALL SOLE 4452 0 0 ARACRUZ CELULOSE S A SPON COM 038496204 611 8300 SH SOLE 8300 0 0 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 11599 120496 SH SOLE 120496 0 0 AIRGAS INC COM 009363102 7367 142683 SH SOLE 142683 0 0 ARENA PHARMACEUTICALS INC COM 040047102 5927 541269 SH SOLE 541269 0 0 ARENA PHARMACEUTICALS INC OPTION 040047102 357 1710 SH CALL SOLE 1710 0 0 AEROPOSTALE COM 007865108 554 29091 SH SOLE 29091 0 0 ARROW ELECTRS INC COM 042735100 1026 24125 SH SOLE 24125 0 0 ASSOCIATED BANC CORP COM 045487105 298 10058 SH SOLE 10058 0 0 AMERICAN STD COS INC DEL COM 029712106 59537 1671436 SH SOLE 1671436 0 0 ADMINISTAFF INC COM 007094105 534 14700 SH SOLE 14700 0 0 ASHLAND INC NEW COM 044209104 1311 21771 SH SOLE 21771 0 0 ASIAINFO HLDGS INC COM 04518A104 207 22800 SH SOLE 22800 0 0 ASM INTL N V COM N07045102 3323 116267 SH SOLE 116267 0 0 ARCHSTONE SMITH TR COM 039583109 79043 1314316 SH SOLE 1314316 0 0 ASPREVA PHARMACEUTICALS CORP COM 04538T109 361 17600 SH SOLE 17600 0 0 ASE TEST LTD COM Y02516105 923 64199 SH SOLE 64199 0 0 ALLTEL CORP COM 020039103 175619 2520362 SH SOLE 2520362 0 0 AFTERMARKET TECHNOLOGY CORP COM 008318107 352 11100 SH SOLE 11100 0 0 ATHEROS COMMUNICATIONS INC COM 04743P108 270 9000 SH SOLE 9000 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 5071 46125 SH SOLE 46125 0 0 ATMEL CORP COM 049513104 80 15443 SH SOLE 15443 0 0 ATLAS ENERGY RESOURCES LLC COM 049303100 6895 218203 SH SOLE 218203 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page5 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ACTUANT CORP COM 00508X203 18061 277988 SH SOLE 277988 0 0 ACTIVISION INC NEW COM 004930202 4011 185768 SH SOLE 185768 0 0 ATWOOD OCEANICS INC COM 050095108 482 6300 SH SOLE 6300 0 0 ANGLOGOLD ASHANTI LTD COM 035128206 2311 49276 SH SOLE 49276 0 0 AU OPTRONICS CORP COM 002255107 650 38445 SH SOLE 38445 0 0 YAMANA GOLD INC COM 98462Y100 796 67600 SH SOLE 67600 0 0 AVAYA INC COM 053499109 74263 4378706 SH SOLE 4378706 0 0 AVALONBAY CMNTYS INC COM 053484101 8502 72010 SH SOLE 72010 0 0 AVANIR PHARMACEUTICALS COM 05348P401 97 45385 SH SOLE 45385 0 0 AVON PRODS INC COM 054303102 11271 300332 SH SOLE 300332 0 0 AVENTINE RENEWABLE ENERGY COM 05356X403 682 64506 SH SOLE 64506 0 0 AVNET INC COM 053807103 368 9223 SH SOLE 9223 0 0 AVERY DENNISON CORP COM 053611109 2236 39222 SH SOLE 39222 0 0 ALLIED WASTE INDS INC COM PAR$ COM 019589308 1093 85700 SH SOLE 85700 0 0 ALLIED WASTE INDS INC COM PAR$ OPTION 019589308 1686 21597 SH PUT SOLE 21597 0 0 AXA COM 054536107 35724 800800 SH SOLE 800800 0 0 AXCAN PHARMA INC COM 054923107 717 34500 SH SOLE 34500 0 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 1659 65716 SH SOLE 65716 0 0 AMERICAN AXLE & MFG HLDGS IN OPTION 024061103 2419 14881 SH PUT SOLE 14881 0 0 AMERICAN EXPRESS CO COM 025816109 114981 1936686 SH SOLE 1936686 0 0 AMERICAN EXPRESS CO OPTION 025816109 9295 36633 SH PUT SOLE 36633 0 0 AMERICAN EXPRESS CO OPTION 025816109 18543 24873 SH CALL SOLE 24873 0 0 ALLEGHENY ENERGY INC COM 017361106 2456 46991 SH SOLE 46991 0 0 ALLIANZ SE SP COM 018805101 16275 699396 SH SOLE 699396 0 0 ASTRAZENECA PLC COM 046353108 563 11237 SH SOLE 11237 0 0 AUTOZONE INC COM 053332102 2327 20039 SH SOLE 20039 0 0 ASPEN TECHNOLOGY INC COM 045327103 465 32499 SH SOLE 32499 0 0 BOEING CO COM 097023105 53691 511396 SH SOLE 511396 0 0 BOEING CO OPTION 097023105 3276 13717 SH PUT SOLE 13717 0 0 BOEING CO OPTION 097023105 13561 8410 SH CALL SOLE 8410 0 0 BANK OF AMERICA CORPORATION COM 060505104 535077 10644058 SH SOLE 10644058 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 10531 45617 SH CALL SOLE 45617 0 0 BANK OF AMERICA CORPORATION OPTION 060505104 18640 69103 SH PUT SOLE 69103 0 0 BRASKEM S A SP COM 105532105 5414 287538 SH SOLE 287538 0 0 CREDICORP LTD COM G2519Y108 45175 667285 SH SOLE 667285 0 0 BAXTER INTL INC COM 071813109 39103 694786 SH SOLE 694786 0 0 BAXTER INTL INC OPTION 071813109 215 1220 SH PUT SOLE 1220 0 0 BAYER A G COM 072730302 11193 141054 SH SOLE 141054 0 0 BED BATH & BEYOND INC COM 075896100 16483 483093 SH SOLE 483093 0 0 BANCO BRADESCO S A SP COM 059460303 35397 1205210 SH SOLE 1205210 0 0 BANCO BRADESCO S A SP OPTION 059460303 345 5500 SH PUT SOLE 5500 0 0 BIOTECH HOLDRS TR DEPOSTRY RCP COM 09067D201 1652 9400 SH SOLE 9400 0 0 BLOCKBUSTER INC COM 093679108 160 29800 SH SOLE 29800 0 0 BB&T CORP COM 054937107 11895 294508 SH SOLE 294508 0 0 BANCO BILBAO VIZCAYA ARGENTA COM 05946K101 7102 305078 SH SOLE 305078 0 0 BANKATLANTIC BANCORP COM 065908501 2272 262000 SH SOLE 262000 0 0 BEST BUY INC COM 086516101 19360 420679 SH SOLE 420679 0 0 BEST BUY INC OPTION 086516101 623 4049 SH CALL SOLE 4049 0 0 BEST BUY INC OPTION 086516101 1740 6469 SH PUT SOLE 6469 0 0 BRUNSWICK CORP COM 117043109 2664 116528 SH SOLE 116528 0 0 BRUNSWICK CORP OPTION 117043109 327 963 SH PUT SOLE 963 0 0 BRINKS CO COM 109696104 37052 663055 SH SOLE 663055 0 0 BARD C R INC COM 067383109 3714 42111 SH SOLE 42111 0 0 BLACK & DECKER CORP COM 091797100 7645 91776 SH SOLE 91776 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page6 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BLACKROCK DIVID ACHIEVRS TM COM 09250N107 260 18689 SH SOLE 18689 0 0 BECTON DICKINSON & CO COM 075887109 41824 509736 SH SOLE 509736 0 0 BRADLEY PHARMACEUTICALS INC COM 104576103 282 15520 SH SOLE 15520 0 0 BEA SYS INC COM 073325102 4383 316041 SH SOLE 316041 0 0 BECKMAN COULTER INC COM 075811109 292 3953 SH SOLE 3953 0 0 FRANKLIN RES INC COM 354613101 6001 47069 SH SOLE 47069 0 0 BERKLEY W R CORP COM 084423102 2062 69591 SH SOLE 69591 0 0 BALDOR ELEC CO COM 057741100 35837 897058 SH SOLE 897058 0 0 BROWN FORMAN CORP CL B COM 115637209 2593 34615 SH SOLE 34615 0 0 BUNGE LIMITED COM G16962105 2004 18646 SH SOLE 18646 0 0 BUNGE LIMITED OPTION G16962105 578 345 SH CALL SOLE 345 0 0 GENERAL CABLE CORP DEL NEW BOND CV 369300AD0 291250 2000000 PRN SOLE 2000000 0 0 BAKER HUGHES INC COM 057224107 33853 374606 SH SOLE 374606 0 0 BAKER HUGHES INC OPTION 057224107 1439 5363 SH PUT SOLE 5363 0 0 BHP BILLITON LTD COM 088606108 3460 44016 SH SOLE 44016 0 0 BHP BILLITON LTD OPTION 088606108 1568 980 SH CALL SOLE 980 0 0 SOTHEBYS COM 835898107 438 9175 SH SOLE 9175 0 0 BAIDU COM INC SPON COM 056752108 1461 5044 SH SOLE 5044 0 0 BIG LOTS INC COM 089302103 2189 73372 SH SOLE 73372 0 0 BIOGEN IDEC INC COM 09062X103 63463 956775 SH SOLE 956775 0 0 BIOGEN IDEC INC OPTION 09062X103 333 6827 SH PUT SOLE 6827 0 0 BIOGEN IDEC INC OPTION 09062X103 8766 5474 SH CALL SOLE 5474 0 0 BIODEL INC COM 09064M105 852 50000 SH SOLE 50000 0 0 BJS WHOLESALE CLUB INC COM 05548J106 213 6434 SH SOLE 6434 0 0 BJ SVCS CO COM 055482103 10888 410089 SH SOLE 410089 0 0 BJ SVCS CO OPTION 055482103 315 1000 SH PUT SOLE 1000 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 16755 379584 SH SOLE 379584 0 0 BARNES & NOBLE INC COM 067774109 2539 72016 SH SOLE 72016 0 0 BUILDING MATLS HLDG CORP COM 120113105 295 27900 SH SOLE 27900 0 0 BALL CORP COM 058498106 3240 60270 SH SOLE 60270 0 0 BMC SOFTWARE INC COM 055921100 2026 64883 SH SOLE 64883 0 0 BIOMED REALTY TRUST INC COM 09063H107 2491 103348 SH SOLE 103348 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 6057 243245 SH SOLE 243245 0 0 BIOMARIN PHARMACEUTICAL INC OPTION 09061G101 1290 19204 SH PUT SOLE 19204 0 0 BEMIS INC COM 081437105 917 31486 SH SOLE 31486 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 245089 8504118 SH SOLE 8504118 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 5706 51224 SH PUT SOLE 51224 0 0 BRISTOL MYERS SQUIBB CO OPTION 110122108 11126 117369 SH CALL SOLE 117369 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 30878 380413 SH SOLE 380413 0 0 BURLINGTON NORTHN SANTA FE C OPTION 12189T104 1739 6175 SH CALL SOLE 6175 0 0 BURLINGTON NORTHN SANTA FE C OPTION 12189T104 1496 5437 SH PUT SOLE 5437 0 0 BUSINESS OBJECTS S A COM 12328X107 5139 114521 SH SOLE 114521 0 0 BAUSCH & LOMB INC COM 071707103 23458 366534 SH SOLE 366534 0 0 BOWATER INC COM 102183100 3390 227238 SH SOLE 227238 0 0 BP PLC COM 055622104 309 4450 SH SOLE 4450 0 0 POPULAR INC COM 733174106 4684 381396 SH SOLE 381396 0 0 BP PRUDHOE BAY RTY TR UNIT BEN COM 055630107 539 7175 SH SOLE 7175 0 0 OILSANDS QUEST INC COM 678046103 505 113999 SH SOLE 113999 0 0 BRO COM 11133T103 696 36702 SH SOLE 36702 0 0 BROCADE COMMUNICATIONS SYS I COM 111621306 4652 543514 SH SOLE 543514 0 0 BROADCOM CORP COM 111320107 21602 592817 SH SOLE 592817 0 0 BROADCOM CORP OPTION 111320107 1952 9628 SH PUT SOLE 9628 0 0 BROADCOM CORP OPTION 111320107 942 5101 SH CALL SOLE 5101 0 0 BRE PROPERTIES INC COM 05564E106 1791 32018 SH SOLE 32018 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page7 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BG PLC COM 055434203 2860 33190 SH SOLE 33190 0 0 BRUKER BIOSCIENCES CORP COM 116794108 414 47100 SH SOLE 47100 0 0 BROOKS AUTOMATION INC COM 114340102 147 10300 SH SOLE 10300 0 0 BARR PHARMACEUTICALS INC COM 068306109 3622 63641 SH SOLE 63641 0 0 BRASIL TELECOM PARTICIPACOES S COM 105530109 293 3921 SH SOLE 3921 0 0 BRISTOW GROUP INC PFD CNV 5.50%COM 110394400 12430 221300 SH SOLE 221300 0 0 BEAR STEARNS COS INC COM 073902108 24323 198053 SH SOLE 198053 0 0 BEAR STEARNS COS INC OPTION 073902108 2733 2710 SH CALL SOLE 2710 0 0 BEAR STEARNS COS INC OPTION 073902108 11963 12839 SH PUT SOLE 12839 0 0 BOSTON SCIENTIFIC CORP COM 101137107 9889 708881 SH SOLE 708881 0 0 BT GROUP PLC COM 05577E101 1118 17790 SH SOLE 17790 0 0 COMMUNITY BANKERS ACQUISITN UN COM 20361R200 79 10000 SH SOLE 10000 0 0 BAYTEX ENERGY TR TRUST UNIT COM 073176109 569 28000 SH SOLE 28000 0 0 PEABODY ENERGY CORP COM 704549104 13852 289363 SH SOLE 289363 0 0 PEABODY ENERGY CORP OPTION 704549104 246 560 SH PUT SOLE 560 0 0 PEABODY ENERGY CORP OPTION 704549104 490 510 SH CALL SOLE 510 0 0 ANHEUSER BUSCH COS INC COM 035229103 17720 354463 SH SOLE 354463 0 0 ANHEUSER BUSCH COS INC OPTION 035229103 416 2458 SH CALL SOLE 2458 0 0 BIOVAIL CORP COM 09067J109 802 46200 SH SOLE 46200 0 0 COMPANIA DE MINAS BUENAVENTU COM 204448104 511 10688 SH SOLE 10688 0 0 BUFFALO WILD WINGS INC COM 119848109 328 8700 SH SOLE 8700 0 0 BROWN SHOE INC NEW COM 115736100 631 32517 SH SOLE 32517 0 0 BLACKSTONE GROUP L P COM UNIT COM 09253U108 4088 163000 SH SOLE 163000 0 0 BLUELINX HLDGS INC COM 09624H109 325 46100 SH SOLE 46100 0 0 BOSTON PROPERTIES INC COM 101121101 10798 103927 SH SOLE 103927 0 0 BOYD GAMING CORP COM 103304101 2062 48120 SH SOLE 48120 0 0 BOYD GAMING CORP OPTION 103304101 280 650 SH PUT SOLE 650 0 0 BEAZER HOMES USA INC COM 07556Q105 1540 186699 SH SOLE 186699 0 0 BEAZER HOMES USA INC OPTION 07556Q105 4500 7329 SH PUT SOLE 7329 0 0 CITIGROUP INC COM 172967101 512989 10991826 SH SOLE 10991826 0 0 CITIGROUP INC OPTION 172967101 5322 41793 SH CALL SOLE 41793 0 0 CITIGROUP INC OPTION 172967101 43075 123485 SH PUT SOLE 123485 0 0 CA INC COM 12673P105 96264 3742771 SH SOLE 3742771 0 0 CA INC OPTION 12673P105 556 9474 SH PUT SOLE 9474 0 0 CA INC OPTION 12673P105 3356 14347 SH CALL SOLE 14347 0 0 CONAGRA FOODS INC COM 205887102 4817 184359 SH SOLE 184359 0 0 CARDINAL HEALTH INC COM 14149Y108 13529 216366 SH SOLE 216366 0 0 CARDINAL HEALTH INC OPTION 14149Y108 282 381 SH PUT SOLE 381 0 0 CONTINENTAL AIRLS INC CL B COM 210795308 12195 369216 SH SOLE 369216 0 0 CONTINENTAL AIRLS INC CL B OPTION 210795308 4754 10997 SH PUT SOLE 10997 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 1350 14630 SH SOLE 14630 0 0 AVIS BUDGET GROUP COM 053774105 889 38847 SH SOLE 38847 0 0 CATERPILLAR INC DEL COM 149123101 43505 554694 SH SOLE 554694 0 0 CATERPILLAR INC DEL OPTION 149123101 4273 13990 SH PUT SOLE 13990 0 0 CATERPILLAR INC DEL OPTION 149123101 10611 11619 SH CALL SOLE 11619 0 0 CHUBB CORP COM 171232101 82680 1541391 SH SOLE 1541391 0 0 COOPER INDS LTD COM G24182100 3130 61267 SH SOLE 61267 0 0 CBEYOND INC COM 149847105 489 12000 SH SOLE 12000 0 0 CB RICHARD ELLIS GROUP INC COM 12497T101 1665 59793 SH SOLE 59793 0 0 COMMERCE BANCORP INC NJ COM 200519106 19010 490211 SH SOLE 490211 0 0 CHICAGO BRIDGE & IRON CO N V N COM 167250109 1085 25200 SH SOLE 25200 0 0 CBL & ASSOC PPTYS INC COM 124830100 1488 42441 SH SOLE 42441 0 0 CBS CORP NEW CL B COM 124857202 151504 4809653 SH SOLE 4809653 0 0 CBS CORP NEW CL B OPTION 124857202 835 4810 SH CALL SOLE 4810 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page8 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CBS CORP NEW CL B OPTION 124857202 307 1397 SH PUT SOLE 1397 0 0 COMMERCE BANCSHARES INC COM 200525103 634 13821 SH SOLE 13821 0 0 CABOT CORP COM 127055101 211 5933 SH SOLE 5933 0 0 CIRCUIT CITY STORE INC COM 172737108 31304 3957466 SH SOLE 3957466 0 0 CIRCUIT CITY STORE INC OPTION 172737108 1695 2388 SH PUT SOLE 2388 0 0 COCA COLA ENTERPRISES INC COM 191219104 1832 75644 SH SOLE 75644 0 0 COCA COLA ENTERPRISES INC OPTION 191219104 250 1000 SH CALL SOLE 1000 0 0 CROWN CASTLE INTL CORP COM 228227104 3796 93438 SH SOLE 93438 0 0 CAMECO CORP COM 13321L108 13617 294494 SH SOLE 294494 0 0 CARNIVAL CORP PAIRED CTF COM 143658300 7850 162079 SH SOLE 162079 0 0 COMPUCREDIT CORP COM 20478N100 263 12100 SH SOLE 12100 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 159509 4260381 SH SOLE 4260381 0 0 COEUR D ALENE MINES CORP IDA COM 192108108 824 217300 SH SOLE 217300 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 5241 236195 SH SOLE 236195 0 0 C D W CORP COM 12512N105 141129 1618452 SH SOLE 1618452 0 0 CAREER EDUCATION CORP COM 141665109 729 26036 SH SOLE 26036 0 0 CENTRAL FD CDA LTD COM 153501101 3047 310000 SH SOLE 310000 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 51354 598601 SH SOLE 598601 0 0 CONSTELLATION ENERGY GROUP I OPTION 210371100 264 1715 SH CALL SOLE 1715 0 0 CONSTELLATION ENERGY GROUP I OPTION 210371100 587 929 SH PUT SOLE 929 0 0 CELGENE CORP COM 151020104 31203 437567 SH SOLE 437567 0 0 CELGENE CORP OPTION 151020104 280 1911 SH PUT SOLE 1911 0 0 CELGENE CORP OPTION 151020104 330 243 SH CALL SOLE 243 0 0 BRIGHTPOINT INC COM 109473405 579 38550 SH SOLE 38550 0 0 CERIDIAN CORP NEW COM 156779100 2412 69424 SH SOLE 69424 0 0 CENTRAL GARDEN & PET CO COM 153527205 108 12000 SH SOLE 12000 0 0 CENTURY ALUM CO COM 156431108 421 8000 SH SOLE 8000 0 0 CNOOC LTD COM 126132109 350 2103 SH SOLE 2103 0 0 CEPHALON INC COM 156708109 4379 59936 SH SOLE 59936 0 0 CEPHALON INC OPTION 156708109 1690 1692 SH CALL SOLE 1692 0 0 CEPHALON INC BOND CV 156708AL3 270000 2000000 PRN SOLE 2000000 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 15910 836942 SH SOLE 836942 0 0 COUNTRYWIDE FINANCIAL CORP OPTION 222372104 7640 15854 SH PUT SOLE 15854 0 0 COMMERCE GROUP INC MASS COM 200641108 248 8400 SH SOLE 8400 0 0 CHURCH & DWIGHT INC COM 171340102 610 12973 SH SOLE 12973 0 0 CDC CORP SHS A COM G2022L106 317 43200 SH SOLE 43200 0 0 CHESAPEAKE ENERGY CORP COM 165167107 8340 236530 SH SOLE 236530 0 0 CHESAPEAKE ENERGY CORP OPTION 165167107 2315 22714 SH PUT SOLE 22714 0 0 CHESAPEAKE ENERGY CORP BOND CV 165167CA3 2604187 25499999 PRN SOLE 25499999 0 0 CHESAPEAKE ENERGY CORP BOND CV 165167BZ9 4187125 41000000 PRN SOLE 41000000 0 0 CHECK POINT SOFTWARE TECH LT COM M22465104 10335 410451 SH SOLE 410451 0 0 CHINA MOBILE LIMITED COM 16941M109 1527 18616 SH SOLE 18616 0 0 C H ROBINSON WORLDWIDE INC COM 12541W209 9251 170396 SH SOLE 170396 0 0 CHICOS FAS INC COM 168615102 4371 311105 SH SOLE 311105 0 0 CHUNGHWA TELECOM CO LTD COM 17133Q205 1133 61303 SH SOLE 61303 0 0 CHARTER COMMUNICATIONS INC D COM 16117M107 1790 693800 SH SOLE 693800 0 0 CHARTER COMMUNICATIONS INC D OPTION 16117M107 623 17800 SH PUT SOLE 17800 0 0 CHINA UNICOM LTD COM 16945R104 982 47100 SH SOLE 47100 0 0 CIGNA CORP COM 125509109 9792 183752 SH SOLE 183752 0 0 CIENA CORP COM 171779309 2520 66183 SH SOLE 66183 0 0 CIENA CORP BOND CV 171779AE1 112500 1000000 PRN SOLE 1000000 0 0 COMPANHIA ENERGETICA DE MINA SPCOM 204409601 6030 282721 SH SOLE 282721 0 0 CINCINNATI FINL CORP COM 172062101 3809 87957 SH SOLE 87957 0 0 CIT GROUP INC COM 125581108 3196 79495 SH SOLE 79495 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page9 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CHECKFREE CORP NEW COM 162813109 2437 52359 SH SOLE 52359 0 0 CKX INC COM 12562M106 954 77512 SH SOLE 77512 0 0 COLGATE PALMOLIVE CO COM 194162103 101225 1419310 SH SOLE 1419310 0 0 COLGATE PALMOLIVE CO OPTION 194162103 249 558 SH CALL SOLE 558 0 0 CLEVELAND CLIFFS INC COM 185896107 788 8963 SH SOLE 8963 0 0 MACK CALI RLTY CORP COM 554489104 792 19277 SH SOLE 19277 0 0 CLOROX CO DEL COM 189054109 3290 53947 SH SOLE 53947 0 0 COMERICA INC COM 200340107 7004 136579 SH SOLE 136579 0 0 COMCAST CORP NEW COM 20030N101 49468 2045828 SH SOLE 2045828 0 0 COMCAST CORP NEW OPTION 20030N101 6795 29633 SH PUT SOLE 29633 0 0 COMCAST CORP NEW OPTION 20030N101 6808 31728 SH CALL SOLE 31728 0 0 COMCAST CORP NEW COM 20030N200 926 38632 SH SOLE 38632 0 0 CME GROUP INC COM 12572Q105 11173 19023 SH SOLE 19023 0 0 CME GROUP INC OPTION 12572Q105 666 435 SH CALL SOLE 435 0 0 CUMMINS INC COM 231021106 4132 32305 SH SOLE 32305 0 0 CUMULUS MEDIA INC COM 231082108 2434 238186 SH SOLE 238186 0 0 CMS ENERGY CORP COM 125896100 5601 332995 SH SOLE 332995 0 0 CNA FINL CORP COM 126117100 862 21914 SH SOLE 21914 0 0 COLONIAL BANCGROUP INC COM 195493309 243 11233 SH SOLE 11233 0 0 CONSECO INC COM 208464883 323 20200 SH SOLE 20200 0 0 CENTERPOINT ENERGY INC COM 15189T107 1764 110044 SH SOLE 110044 0 0 CHINA TECHFAITH WIRLS COMM T COM 169424108 134 20000 SH SOLE 20000 0 0 CON-WAY INC COM 205944101 666 14471 SH SOLE 14471 0 0 CONSOL ENERGY INC COM 20854P109 12327 264519 SH SOLE 264519 0 0 CORINTHIAN COLLEGES INC COM 218868107 744 46791 SH SOLE 46791 0 0 CAPITAL ONE FINL CORP COM 14040H105 14848 223509 SH SOLE 223509 0 0 CAPITAL ONE FINL CORP OPTION 14040H105 830 9221 SH CALL SOLE 9221 0 0 CAPITAL ONE FINL CORP OPTION 14040H105 228 350 SH CALL SOLE 350 0 0 CAPITAL ONE FINL CORP OPTION 14040H105 5396 13188 SH PUT SOLE 13188 0 0 COACH INC COM 189754104 15326 324222 SH SOLE 324222 0 0 COACH INC OPTION 189754104 1089 3410 SH PUT SOLE 3410 0 0 ROCKWELL COLLINS INC COM 774341101 5169 70774 SH SOLE 70774 0 0 3COM CORP COM 885535104 62 12556 SH SOLE 12556 0 0 CONOCOPHILLIPS COM 20825C104 79264 903092 SH SOLE 903092 0 0 CONOCOPHILLIPS OPTION 20825C104 5616 28861 SH PUT SOLE 28861 0 0 CONOCOPHILLIPS OPTION 20825C104 44101 30304 SH CALL SOLE 30304 0 0 COSTCO WHSL CORP NEW COM 22160K105 15509 252706 SH SOLE 252706 0 0 COSTCO WHSL CORP NEW OPTION 22160K105 920 1275 SH CALL SOLE 1275 0 0 COVIDIEN LTD COM G2552X108 8877 213907 SH SOLE 213907 0 0 CAMPBELL SOUP CO COM 134429109 24135 652306 SH SOLE 652306 0 0 CHESAPEAKE UTILS CORP COM 165303108 763 22473 SH SOLE 22473 0 0 CORN PRODS INTL INC COM 219023108 1816 39600 SH SOLE 39600 0 0 CAMDEN PPTY TR SH BEN INT COM 133131102 296 4604 SH SOLE 4604 0 0 COMPUWARE CORP COM 205638109 688 85773 SH SOLE 85773 0 0 COMPLETE PRODUCTION SERVICES COM 20453E109 5960 291000 SH SOLE 291000 0 0 CHENIERE ENERGY PARTNERS LP CO COM 16411Q101 18430 1000000 SH SOLE 1000000 0 0 CERADYNE INC COM 156710105 704 9293 SH SOLE 9293 0 0 CREE INC COM 225447101 401 12884 SH SOLE 12884 0 0 CURAGEN CORP BOND CV 23126RAE1 281125 4325000 PRN SOLE 4325000 0 0 COMSTOCK RES INC COM 205768203 2216 71863 SH SOLE 71863 0 0 CHARLES RIV LABS INTL INC COM 159864107 244 4343 SH SOLE 4343 0 0 CARDIOME PHARMA CORP COM 14159U202 1133 120000 SH SOLE 120000 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 776 5972 SH SOLE 5972 0 0 CRYSTAL RIV CAP INC COM 229393301 4018 239000 SH SOLE 239000 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page10 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CREDIT SUISSE GROUP COM 225401108 563 8482 SH SOLE 8482 0 0 COGDELL SPENCER INC COM 19238U107 8772 474150 SH SOLE 474150 0 0 COMPUTER SCIENCES CORP COM 205363104 3966 70945 SH SOLE 70945 0 0 CISCO SYS INC COM 17275R102 263812 7962968 SH SOLE 7962968 0 0 CISCO SYS INC OPTION 17275R102 11262 150280 SH PUT SOLE 150280 0 0 CISCO SYS INC OPTION 17275R102 66174 96458 SH CALL SOLE 96458 0 0 CAPITALSOURCE INC COM 14055X102 21026 1038847 SH SOLE 1038847 0 0 CADBURY SCHWEPPES PLC COM 127209302 1137 24451 SH SOLE 24451 0 0 CSG SYS INTL INC COM 126349109 674 31733 SH SOLE 31733 0 0 CASH AMER INTL INC COM 14754D100 773 20547 SH SOLE 20547 0 0 CSX CORP COM 126408103 6065 141939 SH SOLE 141939 0 0 CSX CORP OPTION 126408103 812 2500 SH CALL SOLE 2500 0 0 CSX CORP OPTION 126408103 485 1300 SH PUT SOLE 1300 0 0 CINTAS CORP COM 172908105 6326 170513 SH SOLE 170513 0 0 COOPER TIRE & RUBR CO OPTION 216831107 245 7317 SH PUT SOLE 7317 0 0 CENTURYTEL INC COM 156700106 1439 31138 SH SOLE 31138 0 0 CATO CORP NEW COM 149205106 380 18600 SH SOLE 18600 0 0 CTS CORP COM 126501105 143 11100 SH SOLE 11100 0 0 COGNIZANT TECHNOLOGY SOLUTIO COM 192446102 11530 144499 SH SOLE 144499 0 0 COMMSCOPE INC COM 203372107 517 10293 SH SOLE 10293 0 0 CENTEX CORP COM 152312104 9103 342611 SH SOLE 342611 0 0 CENTEX CORP OPTION 152312104 3450 3475 SH PUT SOLE 3475 0 0 CITRIX SYS INC COM 177376100 15113 374826 SH SOLE 374826 0 0 CITRIX SYS INC OPTION 177376100 291 8332 SH PUT SOLE 8332 0 0 CUBIC CORP COM 229669106 611 14500 SH SOLE 14500 0 0 CARNIVAL PLC COM 14365C103 432 9100 SH SOLE 9100 0 0 COVANTA HLDG CORP DBCV 1.000% BOND CV 22282EAA0 1409237 13849999 PRN SOLE 13849999 0 0 CVB FINL CORP COM 126600105 907 77500 SH SOLE 77500 0 0 CABLEVISION SYS CORP COM 12686C109 9664 276582 SH SOLE 276582 0 0 COVANCE INC COM 222816100 313 4013 SH SOLE 4013 0 0 CONVERGYS CORP COM 212485106 1654 95278 SH SOLE 95278 0 0 COVENTRY HEALTH CARE INC COM 222862104 5388 86604 SH SOLE 86604 0 0 VALE CAP LTD NT RIO P VALE COM 91912C307 5747 85000 SH SOLE 85000 0 0 CVS CAREMARK CORPORATION COM 126650100 33179 837231 SH SOLE 837231 0 0 CHEVRON CORP NEW COM 166764100 186355 1991403 SH SOLE 1991403 0 0 CHEVRON CORP NEW OPTION 166764100 8888 38471 SH PUT SOLE 38471 0 0 CHEVRON CORP NEW OPTION 166764100 46753 27911 SH CALL SOLE 27911 0 0 CEMEX SAB DE CV SPON COM 151290889 27364 914573 SH SOLE 914573 0 0 CEMEX SAB DE CV SPON OPTION 151290889 2968 5300 SH PUT SOLE 5300 0 0 COX RADIO INC COM 224051102 659 50500 SH SOLE 50500 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 563 19271 SH SOLE 19271 0 0 CYPRESS SEMICONDUCTOR CORP OPTION 232806109 1938 2404 SH CALL SOLE 2404 0 0 CYCLACEL PHARMACEUTICALS INC COM 23254L108 278 50000 SH SOLE 50000 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 896 28491 SH SOLE 28491 0 0 CYMER INC COM 232572107 783 20400 SH SOLE 20400 0 0 CYPRESS BIOSCIENCES INC PAR $ COM 232674507 5576 407340 SH SOLE 407340 0 0 CYTYC CORP COM 232946103 4229 88743 SH SOLE 88743 0 0 CITIZENS COMMUNICATIONS CO COM 17453B101 2434 169974 SH SOLE 169974 0 0 DOMINION RES INC VA NEW COM 25746U109 9054 107399 SH SOLE 107399 0 0 DAIMLERCHRYSLER AG COM D1668R123 14349 143206 SH SOLE 143206 0 0 DELTA AIR LINES INC DEL COM 247361702 5557 309579 SH SOLE 309579 0 0 DEUTSCHE BANK AG NAMEN COM D18190898 11420 88951 SH SOLE 88951 0 0 DRESS BARN INC BOND CV 261570AB1 608801 3514000 PRN SOLE 3514000 0 0 DREMAN/CLAYMORE DIVID & INC COM 26153R100 3994 200000 SH SOLE 200000 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page11 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DU PONT E I DE NEMOURS & CO COM 263534109 31377 633112 SH SOLE 633112 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 282 4621 SH PUT SOLE 4621 0 0 DU PONT E I DE NEMOURS & CO OPTION 263534109 1388 1616 SH CALL SOLE 1616 0 0 PROSHARES TR ULTRA DOW 30 COM 74347R305 1400 14197 SH SOLE 14197 0 0 DEVELOPERS DIVERSIFIED RLTY COM 251591103 2318 41491 SH SOLE 41491 0 0 DILLARDS INC COM 254067101 640 29333 SH SOLE 29333 0 0 DILLARDS INC OPTION 254067101 399 1008 SH PUT SOLE 1008 0 0 DEERE & CO COM 244199105 60666 408747 SH SOLE 408747 0 0 DEERE & CO OPTION 244199105 789 496 SH CALL SOLE 496 0 0 DECKERS OUTDOOR CORP COM 243537107 511 4650 SH SOLE 4650 0 0 ETABLISSEMENTS DELHAIZE FRER COM 29759W101 442 4600 SH SOLE 4600 0 0 DELL INC COM 24702R101 151506 5489341 SH SOLE 5489341 0 0 DELL INC OPTION 24702R101 3821 25949 SH PUT SOLE 25949 0 0 DELL INC OPTION 24702R101 4270 17173 SH CALL SOLE 17173 0 0 DIAGEO P L C SPON COM 25243Q205 1140 13000 SH SOLE 13000 0 0 DEAN FOODS CO NEW COM 242370104 1180 46123 SH SOLE 46123 0 0 DISCOVER FINL SVCS COM 254709108 4099 197050 SH SOLE 197050 0 0 QUEST DIAGNOSTICS INC COM 74834L100 4823 83486 SH SOLE 83486 0 0 D R HORTON INC COM 23331A109 1655 129160 SH SOLE 129160 0 0 D R HORTON INC OPTION 23331A109 21903 22879 SH PUT SOLE 22879 0 0 DANAHER CORP DEL COM 235851102 11254 136070 SH SOLE 136070 0 0 DIAMONDS TR UNIT SER 1 COM 252787106 38978 280600 SH SOLE 280600 0 0 DIODES INC COM 254543101 770 24000 SH SOLE 24000 0 0 DIODES INC BOND CV 254543AA9 210250 2000000 PRN SOLE 2000000 0 0 DISNEY WALT CO COM DISNEY COM 254687106 32637 949025 SH SOLE 949025 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 4406 23590 SH PUT SOLE 23590 0 0 DISNEY WALT CO COM DISNEY OPTION 254687106 9589 29997 SH CALL SOLE 29997 0 0 DISCOVERY HOLDING CO COM 25468Y107 4849 168073 SH SOLE 168073 0 0 ECHOSTAR COMMUNICATIONS NEW COM 278762109 10897 232801 SH SOLE 232801 0 0 HANCOCK JOHN PATRIOT SELCT D COM 41013U102 2267 178500 SH SOLE 178500 0 0 DOW JONES & CO INC COM 260561105 1379 23098 SH SOLE 23098 0 0 DIGITAL RLTY TR INC COM 253868103 6545 166166 SH SOLE 166166 0 0 DOLLAR TREE STORES INC COM 256747106 560 13808 SH SOLE 13808 0 0 DELUXE CORP COM 248019101 550 14927 SH SOLE 14927 0 0 GENENTECH INC COM 368710406 4992 63990 SH SOLE 63990 0 0 GENENTECH INC OPTION 368710406 476 787 SH PUT SOLE 787 0 0 GENENTECH INC OPTION 368710406 411 1469 SH CALL SOLE 1469 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 488 4947 SH SOLE 4947 0 0 DENDREON CORP OPTION 24823Q107 2381 38517 SH PUT SOLE 38517 0 0 DENDREON CORP OPTION 24823Q107 23940 72536 SH CALL SOLE 72536 0 0 DENBURY RES INC COM 247916208 339 7586 SH SOLE 7586 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 13529 119422 SH SOLE 119422 0 0 DIAMOND OFFSHORE DRILLING IN OPTION 25271C102 325 1585 SH PUT SOLE 1585 0 0 DIAMOND OFFSHORE DRILLING IN OPTION 25271C102 2364 1513 SH CALL SOLE 1513 0 0 PROSHARES TR SHORT DOW 30 COM 74347R701 813 14305 SH SOLE 14305 0 0 DOVER CORP COM 260003108 3263 64045 SH SOLE 64045 0 0 DOW CHEM CO COM 260543103 179079 4158827 SH SOLE 4158827 0 0 DOW CHEM CO OPTION 260543103 1214 8802 SH PUT SOLE 8802 0 0 DOW CHEM CO OPTION 260543103 2702 16872 SH CALL SOLE 16872 0 0 DOW 30 COVERED CALL FD INC COM 260582101 605 30600 SH SOLE 30600 0 0 DOW 30SM ENHANCED PREM & INC COM 260537105 483 27200 SH SOLE 27200 0 0 COINMACH SVC CORP COM 19259W206 1826 152290 SH SOLE 152290 0 0 DRESSER-RAND GROUP INC COM 261608103 974 22800 SH SOLE 22800 0 0 DUKE REALTY CORP COM 264411505 549 16228 SH SOLE 16228 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page12 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DARDEN RESTAURANTS INC COM 237194105 4333 103505 SH SOLE 103505 0 0 DRYSHIPS INC SHS COM Y2109Q101 401 4415 SH SOLE 4415 0 0 DOWNEY FINL CORP COM 261018105 29759 514870 SH SOLE 514870 0 0 DST SYS INC DEL COM 233326107 293 3411 SH SOLE 3411 0 0 DEUTSCHE TELEKOM AG COM 251566105 8088 412034 SH SOLE 412034 0 0 DTE ENERGY CO COM 233331107 8762 180876 SH SOLE 180876 0 0 DIRECTV GROUP INC COM 25459L106 5443 224180 SH SOLE 224180 0 0 DUKE ENERGY CORP NEW COM 26441C105 10520 562866 SH SOLE 562866 0 0 DUKE ENERGY CORP NEW OPTION 26441C105 213 1421 SH CALL SOLE 1421 0 0 DAVITA INC COM 23918K108 205 3242 SH SOLE 3242 0 0 COHEN & STEERS DIV MJRS FDIN COM 19248G106 4821 254400 SH SOLE 254400 0 0 DEVON ENERGY CORP NEW COM 25179M103 35574 427570 SH SOLE 427570 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 871 5357 SH PUT SOLE 5357 0 0 DEVON ENERGY CORP NEW OPTION 25179M103 6199 9426 SH CALL SOLE 9426 0 0 DREAMWORKS ANIMATION SKG INC COM 26153C103 298 8924 SH SOLE 8924 0 0 PROSHARES TR ULTRASHT DOW30 COM 74347R867 20572 443453 SH SOLE 443453 0 0 DYCOM INDS INC COM 267475101 542 17685 SH SOLE 17685 0 0 DYNEGY INC DEL COM 26817G102 1754 189822 SH SOLE 189822 0 0 ENI S P A COM 26874R108 8765 118836 SH SOLE 118836 0 0 ENERGY EAST CORP COM 29266M109 835 30854 SH SOLE 30854 0 0 BRINKER INTL INC COM 109641100 2574 93795 SH SOLE 93795 0 0 EBAY INC COM 278642103 63095 1616985 SH SOLE 1616985 0 0 EBAY INC OPTION 278642103 1604 9930 SH PUT SOLE 9930 0 0 EBAY INC OPTION 278642103 11904 16319 SH CALL SOLE 16319 0 0 ENNIS INC COM 293389102 282 12800 SH SOLE 12800 0 0 ENCANA CORP COM 292505104 8553 138292 SH SOLE 138292 0 0 ENCANA CORP OPTION 292505104 652 3156 SH PUT SOLE 3156 0 0 ENCANA CORP OPTION 292505104 839 2138 SH CALL SOLE 2138 0 0 ECI TELECOM LTD COM 268258100 1482 148792 SH SOLE 148792 0 0 ECOLAB INC COM 278865100 18806 398438 SH SOLE 398438 0 0 CONSOLIDATED EDISON INC COM 209115104 5518 119184 SH SOLE 119184 0 0 EDUCATION RLTY TR INC COM 28140H104 15287 1132359 SH SOLE 1132359 0 0 ELECTRONIC DATA SYS NEW COM 285661104 10871 497759 SH SOLE 497759 0 0 ELECTRONIC DATA SYS NEW OPTION 285661104 873 1520 SH PUT SOLE 1520 0 0 EVERGREEN ENERGY INC COM 30024B104 148 28981 SH SOLE 28981 0 0 SWEDISH EXPT CR CORP ELMTS SPE COM 870297504 2348 224500 SH SOLE 224500 0 0 ISHARES TR MSCI EMERG MKT COM 464287234 18699 125122 SH SOLE 125122 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 3440 2000 SH CALL SOLE 2000 0 0 ISHARES TR MSCI EMERG MKT OPTION 464287234 4192 13000 SH PUT SOLE 13000 0 0 ISHARES TR MSCI EAFE IDX COM 464287465 6044 73174 SH SOLE 73174 0 0 EQUIFAX INC COM 294429105 2036 53409 SH SOLE 53409 0 0 EASTGROUP PPTY INC COM 277276101 1124 24832 SH SOLE 24832 0 0 EDISON INTL COM 281020107 19174 345786 SH SOLE 345786 0 0 EASTMAN KODAK CO COM 277461109 52893 1976568 SH SOLE 1976568 0 0 EASTMAN KODAK CO OPTION 277461109 2110 20097 SH PUT SOLE 20097 0 0 EASTMAN KODAK CO OPTION 277461109 2320 15230 SH CALL SOLE 15230 0 0 LAUDER ESTEE COS INC COM 518439104 2950 69466 SH SOLE 69466 0 0 ENDESA S A COM 29258N107 1734 30369 SH SOLE 30369 0 0 ELAN PLC COM 284131208 527 25041 SH SOLE 25041 0 0 ELAN PLC OPTION 284131208 215 3018 SH PUT SOLE 3018 0 0 ELAN PLC OPTION 284131208 3596 8733 SH CALL SOLE 8733 0 0 EMULEX CORP COM 292475209 607 31638 SH SOLE 31638 0 0 CALLAWAY GOLF CO COM 131193104 925 57774 SH SOLE 57774 0 0 E M C CORP MASS COM 268648102 21128 1015758 SH SOLE 1015758 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page13 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- E M C CORP MASS OPTION 268648102 348 11301 SH PUT SOLE 11301 0 0 E M C CORP MASS OPTION 268648102 5742 10809 SH CALL SOLE 10809 0 0 EQUITY MEDIA HLDGS CORP UNIT 0 COM 294725205 92 23200 SH SOLE 23200 0 0 EMCOR GROUP INC COM 29084Q100 941 30000 SH SOLE 30000 0 0 TEMPLETON EMERGING MKTS FD I COM 880191101 709 29813 SH SOLE 29813 0 0 EASTMAN CHEM CO COM 277432100 7797 116845 SH SOLE 116845 0 0 EMERSON ELEC CO COM 291011104 18963 356322 SH SOLE 356322 0 0 EMERSON ELEC CO OPTION 291011104 4305 5889 SH CALL SOLE 5889 0 0 ENEL SOCIETA PER AZIONI COM 29265W108 3856 68400 SH SOLE 68400 0 0 ENERGY CONVERSION DEVICES IN COM 292659109 510 22455 SH SOLE 22455 0 0 ENERSIS S A COM 29274F104 1311 73897 SH SOLE 73897 0 0 EQUITY INNS INC COM 294703103 21518 952986 SH SOLE 952986 0 0 ENERGIZER HLDGS INC COM 29266R108 712 6422 SH SOLE 6422 0 0 ENERSYS COM 29275Y102 373 21000 SH SOLE 21000 0 0 ENTEGRIS INC COM 29362U104 636 73300 SH SOLE 73300 0 0 EOG RES INC COM 26875P101 27974 386756 SH SOLE 386756 0 0 EOG RES INC OPTION 26875P101 592 2982 SH CALL SOLE 2982 0 0 EOG RES INC OPTION 26875P101 474 4214 SH PUT SOLE 4214 0 0 EL PASO CORP COM 28336L109 12383 729722 SH SOLE 729722 0 0 EL PASO CORP OPTION 28336L109 338 2351 SH CALL SOLE 2351 0 0 EDGE PETE CORP DEL PFD CONV A COM 279862205 9141 188000 SH SOLE 188000 0 0 ENTERTAINMENT PPTYS TR COM SH COM 29380T105 607 11952 SH SOLE 11952 0 0 ENTERTAINMENT PPTYS TR PFD C C COM 29380T402 21475 987800 SH SOLE 987800 0 0 EMBARQ CORP COM 29078E105 5295 95227 SH SOLE 95227 0 0 EQUITY RESIDENTIAL SH BEN INT COM 29476L107 9623 227163 SH SOLE 227163 0 0 ERP OPER LTD PARTNERSHIP BOND CV 26884AAV5 395160 4000000 PRN SOLE 4000000 0 0 EQUITABLE RES INC COM 294549100 27517 530505 SH SOLE 530505 0 0 ERICSSON L M TEL CO COM 294821608 4408 110760 SH SOLE 110760 0 0 ERICSSON L M TEL CO OPTION 294821608 347 465 SH CALL SOLE 465 0 0 EMBRAER-EMPRESA BRASILEIRA D SPCOM 29081M102 3675 83682 SH SOLE 83682 0 0 EMBRAER-EMPRESA BRASILEIRA D SPOPTION 29081M102 520 2000 SH PUT SOLE 2000 0 0 ELECTRONIC ARTS INC COM 285512109 19470 347744 SH SOLE 347744 0 0 ELECTRONIC ARTS INC OPTION 285512109 342 269 SH CALL SOLE 269 0 0 EVERGREEN SOLAR INC COM 30033R108 930 104113 SH SOLE 104113 0 0 EXPRESS SCRIPTS INC COM 302182100 15224 272741 SH SOLE 272741 0 0 ESSEX PPTY TR INC COM 297178105 3491 29693 SH SOLE 29693 0 0 ENSCO INTL INC COM 26874Q100 7523 134094 SH SOLE 134094 0 0 ENSCO INTL INC OPTION 26874Q100 333 1430 SH PUT SOLE 1430 0 0 E TRADE FINANCIAL CORP COM 269246104 3204 245485 SH SOLE 245485 0 0 E TRADE FINANCIAL CORP OPTION 269246104 532 2115 SH PUT SOLE 2115 0 0 EATON CORP COM 278058102 13459 135894 SH SOLE 135894 0 0 ENTERGY CORP NEW COM 29364G103 29825 275414 SH SOLE 275414 0 0 ISHARES INC MSCI GERMAN COM 464286806 4601 133047 SH SOLE 133047 0 0 ISHARES INC MSCI HONG KONG COM 464286871 4877 231927 SH SOLE 231927 0 0 ISHARES INC MSCI JAPAN COM 464286848 364 25400 SH SOLE 25400 0 0 ISHARES INC MSCI MALAYSIA COM 464286830 1405 118199 SH SOLE 118199 0 0 ISHARES INC MSCI TAIWAN COM 464286731 1294 77043 SH SOLE 77043 0 0 ISHARES INC MSCI UTD KINGD COM 464286699 654 25400 SH SOLE 25400 0 0 ISHARES INC MSCI MEXICO COM 464286822 65990 1122472 SH SOLE 1122472 0 0 ISHARES INC MSCI S KOREA COM 464286772 7236 106313 SH SOLE 106313 0 0 ISHARES INC MSCI BRAZIL COM 464286400 229307 3117701 SH SOLE 3117701 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 6073 2450 SH CALL SOLE 2450 0 0 ISHARES INC MSCI BRAZIL OPTION 464286400 1304 11939 SH PUT SOLE 11939 0 0 CORPORATE EXECUTIVE BRD CO COM 21988R102 5153 69411 SH SOLE 69411 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page14 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- EXELON CORP COM 30161N101 35631 472806 SH SOLE 472806 0 0 EXELON CORP OPTION 30161N101 310 1567 SH PUT SOLE 1567 0 0 EXELON CORP OPTION 30161N101 1587 4000 SH CALL SOLE 4000 0 0 EXTERRAN HLDGS INC COM 30225X103 296 3681 SH SOLE 3681 0 0 EXPEDITORS INTL WASH INC COM 302130109 6012 127109 SH SOLE 127109 0 0 EXPEDIA INC DEL COM 30212P105 8717 273425 SH SOLE 273425 0 0 ADVANCED MEDICAL OPTICS INC BOND CV 00763MAG3 376000 4000000 PRN SOLE 4000000 0 0 EZCORP INC COM 302301106 135 10000 SH SOLE 10000 0 0 FORD MTR CO DEL PAR $0.01 COM 345370860 101657 11973690 SH SOLE 11973690 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 531 35052 SH PUT SOLE 35052 0 0 FORD MTR CO DEL PAR $0.01 OPTION 345370860 8504 86982 SH CALL SOLE 86982 0 0 FORD MTR CO DEL BOND CV 345370CF5 3038750 26000000 PRN SOLE 26000000 0 0 FIRST AMERN CORP CALIF COM 318522307 6073 165840 SH SOLE 165840 0 0 FASTENAL CO COM 311900104 4033 88824 SH SOLE 88824 0 0 FIRST BANCORP P R COM 318672102 4681 492700 SH SOLE 492700 0 0 FOREST CITY ENTERPRISES INC COM 345550107 329 5963 SH SOLE 5963 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 75393 718783 SH SOLE 718783 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 1974 9138 SH PUT SOLE 9138 0 0 FREEPORT-MCMORAN COPPER & GO OPTION 35671D857 40936 18266 SH CALL SOLE 18266 0 0 FREEPORT-MCMORAN COPPER & GO P COM 35671D782 222419 1434036 SH SOLE 1434036 0 0 FORDING CDN COAL TR TR UNIT COM 345425102 745 19212 SH SOLE 19212 0 0 FAMILY DLR STORES INC COM 307000109 4167 156891 SH SOLE 156891 0 0 FEDEX CORP COM 31428X106 23329 222713 SH SOLE 222713 0 0 FEDEX CORP OPTION 31428X106 1525 1875 SH PUT SOLE 1875 0 0 FEDEX CORP OPTION 31428X106 454 3312 SH CALL SOLE 3312 0 0 FIRSTENERGY CORP COM 337932107 16888 266630 SH SOLE 266630 0 0 FEI CO COM 30241L109 509 16202 SH SOLE 16202 0 0 FIRST TR FIDCRY ASST MNGT CO COM 337318109 1737 100000 SH SOLE 100000 0 0 F5 NETWORKS INC COM 315616102 3724 100140 SH SOLE 100140 0 0 F5 NETWORKS INC OPTION 315616102 329 546 SH PUT SOLE 546 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 2769 134722 SH SOLE 134722 0 0 FIRST HORIZON NATL CORP COM 320517105 9311 349266 SH SOLE 349266 0 0 FEDERATED INVS INC PA CL B COM 314211103 1474 37116 SH SOLE 37116 0 0 SOURCEFIRE INC COM 83616T108 303 33317 SH SOLE 33317 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 3012 67873 SH SOLE 67873 0 0 FISERV INC COM 337738108 9634 189420 SH SOLE 189420 0 0 FIFTH THIRD BANCORP COM 316773100 182130 5375749 SH SOLE 5375749 0 0 FOOT LOCKER INC COM 344849104 286 18684 SH SOLE 18684 0 0 FLEXTRONICS INTL LTD COM Y2573F102 4841 432980 SH SOLE 432980 0 0 FLAMEL TECHNOLOGIES SA COM 338488109 141 15725 SH SOLE 15725 0 0 FLUOR CORP NEW COM 343412102 17154 119145 SH SOLE 119145 0 0 1 800 FLOWERS COM COM 68243Q106 464 40000 SH SOLE 40000 0 0 F M C CORP COM 302491303 25562 491387 SH SOLE 491387 0 0 FOCUS MEDIA HLDG LTD COM 34415V109 1048 18063 SH SOLE 18063 0 0 FIRST MARBLEHEAD CORP COM 320771108 65185 1718551 SH SOLE 1718551 0 0 FRESENIUS MED CARE AG&CO KGA COM 358029106 9664 182137 SH SOLE 182137 0 0 FOMENTO ECONOMICO MEXICANO S S COM 344419106 5144 137538 SH SOLE 137538 0 0 FIDELITY NATIONAL FINANCIAL COM 31620R105 2477 141695 SH SOLE 141695 0 0 FEDERAL NATL MTG ASSN COM 313586109 58136 956022 SH SOLE 956022 0 0 FEDERAL NATL MTG ASSN OPTION 313586109 2042 8241 SH PUT SOLE 8241 0 0 FEDERAL NATL MTG ASSN OPTION 313586109 2484 5305 SH CALL SOLE 5305 0 0 FORTUNE BRANDS INC COM 349631101 4075 50012 SH SOLE 50012 0 0 FPL GROUP INC COM 302571104 36546 600299 SH SOLE 600299 0 0 FPL GROUP INC OPTION 302571104 297 843 SH CALL SOLE 843 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page15 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FPL GROUP INC OPTION 302571104 203 910 SH PUT SOLE 910 0 0 FEDERAL HOME LN MTG CORP COM 313400301 128883 2184083 SH SOLE 2184083 0 0 FEDERAL HOME LN MTG CORP OPTION 313400301 486 2761 SH CALL SOLE 2761 0 0 FEDERAL HOME LN MTG CORP OPTION 313400301 1592 5550 SH PUT SOLE 5550 0 0 FLORIDA ROCK INDS INC COM 341140101 472 7560 SH SOLE 7560 0 0 FEDERAL REALTY INVT TR SH BEN COM 313747206 2270 25625 SH SOLE 25625 0 0 FOREST LABS INC COM 345838106 4455 119455 SH SOLE 119455 0 0 REDDY ICE HLDGS INC COM 75734R105 4510 171023 SH SOLE 171023 0 0 FIRST SOLAR INC COM 336433107 759 6447 SH SOLE 6447 0 0 FRANCE TELECOM COM 35177Q105 9253 276707 SH SOLE 276707 0 0 FMC TECHNOLOGIES INC COM 30249U101 486 8423 SH SOLE 8423 0 0 FRONTIER OIL CORP COM 35914P105 1786 42886 SH SOLE 42886 0 0 FULLER H B CO COM 359694106 896 30200 SH SOLE 30200 0 0 FULTON FINL CORP PA COM 360271100 518 36013 SH SOLE 36013 0 0 FOSTER WHEELER LTD SHS COM G36535139 7434 56629 SH SOLE 56629 0 0 NICOR INC COM 654086107 578 13469 SH SOLE 13469 0 0 GREATER CHINA FD INC COM 39167B102 369 9050 SH SOLE 9050 0 0 GANNETT INC COM 364730101 24403 558421 SH SOLE 558421 0 0 GANNETT CO INC BOND CV 364725AG6 1490700 15000000 PRN SOLE 15000000 0 0 GENESCO INC COM 371532102 1244 26977 SH SOLE 26977 0 0 DWS GLOBAL COMMODITIES STK F COM 23338Y100 5133 261768 SH SOLE 261768 0 0 GENERAL DYNAMICS CORP COM 369550108 120367 1424963 SH SOLE 1424963 0 0 GENERAL DYNAMICS CORP OPTION 369550108 335 2768 SH PUT SOLE 2768 0 0 GENERAL DYNAMICS CORP OPTION 369550108 229 740 SH CALL SOLE 740 0 0 GARDNER DENVER INC COM 365558105 889 22800 SH SOLE 22800 0 0 GABELLI DIVD & INCOME TR COM 36242H104 387 18000 SH SOLE 18000 0 0 GENERAL ELECTRIC CO COM 369604103 811424 19599607 SH SOLE 19599607 0 0 GENERAL ELECTRIC CO OPTION 369604103 15426 139711 SH PUT SOLE 139711 0 0 GENERAL ELECTRIC CO OPTION 369604103 32058 84037 SH CALL SOLE 84037 0 0 GENZYME CORP COM 372917104 28063 452928 SH SOLE 452928 0 0 GENZYME CORP OPTION 372917104 366 2273 SH CALL SOLE 2273 0 0 GENZYME CORP OPTION 372917104 918 2256 SH PUT SOLE 2256 0 0 NEW GERMANY FD INC COM 644465106 5815 331700 SH SOLE 331700 0 0 GOLD FIELDS LTD NEW COM 38059T106 4147 229228 SH SOLE 229228 0 0 GENERAL FINANCE CORP UNIT 04/0 COM 369822200 304 30000 SH SOLE 30000 0 0 GOLDCORP INC NEW COM 380956409 6921 226482 SH SOLE 226482 0 0 GOLDCORP INC NEW OPTION 380956409 794 13082 SH PUT SOLE 13082 0 0 GERDAU S A COM 373737105 10682 407396 SH SOLE 407396 0 0 GENERAL GROWTH PPTYS INC COM 370021107 6795 126728 SH SOLE 126728 0 0 GROUPE CGI INC COM 39945C109 490 43000 SH SOLE 43000 0 0 GULF ISLAND FABRICATION INC COM 402307102 276 7200 SH SOLE 7200 0 0 GILEAD SCIENCES INC COM 375558103 39462 965538 SH SOLE 965538 0 0 GILEAD SCIENCES INC OPTION 375558103 763 8464 SH PUT SOLE 8464 0 0 GILEAD SCIENCES INC OPTION 375558103 2897 6348 SH CALL SOLE 6348 0 0 GENERAL MLS INC COM 370334104 65386 1127157 SH SOLE 1127157 0 0 GLOBAL LOGISTICS ACQUISITION U COM 379414204 522 60999 SH SOLE 60999 0 0 GLOBAL CROSSING LTD BOND CV 37932JAA1 2075677 18148000 PRN SOLE 18148000 0 0 GLOBAL INDS LTD COM 379336100 1066 41400 SH SOLE 41400 0 0 STREETTRACKS GOLD TR GOLD SHS COM 863307104 665 9043 SH SOLE 9043 0 0 GOLDEN TELECOM INC COM 38122G107 348 4325 SH SOLE 4325 0 0 GREAT LAKES BANCORP INC NEW COM 390914109 847 63000 SH SOLE 63000 0 0 CORNING INC COM 219350105 14170 574851 SH SOLE 574851 0 0 CORNING INC OPTION 219350105 413 8244 SH PUT SOLE 8244 0 0 CORNING INC OPTION 219350105 1287 11193 SH CALL SOLE 11193 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page16 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- GENLYTE GROUP INC COM 372302109 315 4901 SH SOLE 4901 0 0 GENERAL MTRS CORP COM 370442105 95209 2594256 SH SOLE 2594256 0 0 GENERAL MTRS CORP OPTION 370442105 7621 61160 SH PUT SOLE 61160 0 0 GENERAL MTRS CORP OPTION 370442105 22730 39322 SH CALL SOLE 39322 0 0 GENERAL MTRS CORP SENIOR DEBEN COM 370442691 7772 275000 SH SOLE 275000 0 0 GAMESTOP CORP NEW COM 36467W109 282 4998 SH SOLE 4998 0 0 GATX CORP COM 361448103 4103 95971 SH SOLE 95971 0 0 GERDAU AMERISTEEL CORP COM 37373P105 572 47900 SH SOLE 47900 0 0 GENCO SHIPPING & TRADING LTD S COM Y2685T107 240 3668 SH SOLE 3668 0 0 GENWORTH FINL INC COM COM 37247D106 3871 125967 SH SOLE 125967 0 0 GOL LINHAS AEREAS INTLG S A SP COM 38045R107 20742 864265 SH SOLE 864265 0 0 GOL LINHAS AEREAS INTLG S A SP OPTION 38045R107 370 1300 SH CALL SOLE 1300 0 0 GOL LINHAS AEREAS INTLG S A SP OPTION 38045R107 1859 4300 SH PUT SOLE 4300 0 0 GOOGLE INC COM 38259P508 100218 176668 SH SOLE 176668 0 0 GOOGLE INC OPTION 38259P508 5239 3602 SH PUT SOLE 3602 0 0 GOOGLE INC OPTION 38259P508 11600 1728 SH CALL SOLE 1728 0 0 GENUINE PARTS CO COM 372460105 7451 149023 SH SOLE 149023 0 0 GROUP 1 AUTOMOTIVE INC BOND CV 398905AE9 788812 10500000 PRN SOLE 10500000 0 0 GAP INC DEL COM 364760108 31277 1696128 SH SOLE 1696128 0 0 GAP INC DEL OPTION 364760108 294 1305 SH PUT SOLE 1305 0 0 GARMIN LTD OPTION G37260109 4973 1005 SH CALL SOLE 1005 0 0 GOODRICH CORP COM 382388106 4151 60840 SH SOLE 60840 0 0 GRACE W R & CO DEL NEW COM 38388F108 288 10706 SH SOLE 10706 0 0 GARMIN LTD COM G37260109 15583 130515 SH SOLE 130515 0 0 GRANT PRIDECO INC COM 38821G101 503 9231 SH SOLE 9231 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 107750 497138 SH SOLE 497138 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 11207 16196 SH PUT SOLE 16196 0 0 GOLDMAN SACHS GROUP INC OPTION 38141G104 22023 8876 SH CALL SOLE 8876 0 0 GLOBALSANTAFE CORP SHS COM G3930E101 2909 38268 SH SOLE 38268 0 0 GLAXOSMITHKLINE PLC COM 37733W105 668 12563 SH SOLE 12563 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 1775 58360 SH SOLE 58360 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 289 12356 SH PUT SOLE 12356 0 0 GOODYEAR TIRE & RUBR CO OPTION 382550101 30789 19109 SH CALL SOLE 19109 0 0 GOODYEAR TIRE & RUBR CO BOND CV 382550AR2 349182 1368000 PRN SOLE 1368000 0 0 GENITOPE CORP COM 37229P507 382 85287 SH SOLE 85287 0 0 GUITAR CTR MGMT INC COM 402040109 5266 88808 SH SOLE 88808 0 0 GATEWAY INC COM 367626108 1025 545388 SH SOLE 545388 0 0 GREY WOLF INC COM 397888108 809 123503 SH SOLE 123503 0 0 GRAINGER W W INC COM 384802104 2394 26248 SH SOLE 26248 0 0 GREAT PLAINS ENERGY INC COM 391164100 1130 39216 SH SOLE 39216 0 0 GETTY IMAGES INC COM 374276103 723 25972 SH SOLE 25972 0 0 GYMBOREE CORP COM 403777105 426 12100 SH SOLE 12100 0 0 HARBOR ACQUISITION CORPORATI U COM 41145X206 236 40000 SH SOLE 40000 0 0 HALLIBURTON CO COM 406216101 23680 616663 SH SOLE 616663 0 0 HALLIBURTON CO OPTION 406216101 1322 20441 SH PUT SOLE 20441 0 0 HALLIBURTON CO OPTION 406216101 3852 8391 SH CALL SOLE 8391 0 0 HARMAN INTL INDS INC COM 413086109 4124 47669 SH SOLE 47669 0 0 HASBRO INC COM 418056107 2419 86748 SH SOLE 86748 0 0 HILLENBRAND INDS INC COM 431573104 210 3809 SH SOLE 3809 0 0 HUNTINGTON BANCSHARES INC COM 446150104 4545 267657 SH SOLE 267657 0 0 HUDSON CITY BANCORP COM 443683107 2807 182531 SH SOLE 182531 0 0 HCC INS HLDGS INC COM 404132102 2330 81341 SH SOLE 81341 0 0 HEALTH CARE REIT INC COM 42217K106 3283 74200 SH SOLE 74200 0 0 HCP INC COM 40414L109 734 22141 SH SOLE 22141 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page17 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MANOR CARE INC NEW COM 564055101 8616 133796 SH SOLE 133796 0 0 HOME DEPOT INC COM 437076102 158573 4888189 SH SOLE 4888189 0 0 HOME DEPOT INC OPTION 437076102 7500 40360 SH CALL SOLE 40360 0 0 HOME DEPOT INC OPTION 437076102 10708 22386 SH PUT SOLE 22386 0 0 HDFC BANK LTD COM 40415F101 519 4845 SH SOLE 4845 0 0 HD PARTNERS ACQUISITION CORP U COM 40415K209 164 20000 SH SOLE 20000 0 0 HESS CORP COM 42809H107 10549 158564 SH SOLE 158564 0 0 HARRAHS ENTMT INC COM 413619107 8826 101526 SH SOLE 101526 0 0 HARRAHS ENTMT INC OPTION 413619107 1761 6704 SH CALL SOLE 6704 0 0 HUMAN GENOME SCIENCES INC BOND CV 444903AM0 881500 10250000 PRN SOLE 10250000 0 0 HUMAN GENOME SCIENCES INC BOND CV 444903AK4 281625 2999999 PRN SOLE 2999999 0 0 INTERNET HOLDRS TR DEPOSIT RCPTCOM 46059W102 307 4700 SH SOLE 4700 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 10921 118006 SH SOLE 118006 0 0 HILTON HOTELS CORP COM 432848109 8599 184963 SH SOLE 184963 0 0 HILTON HOTELS CORP OPTION 432848109 5425 3300 SH CALL SOLE 3300 0 0 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 728 17148 SH SOLE 17148 0 0 HEALTH MGMT ASSOC INC NEW COM 421933102 106 15287 SH SOLE 15287 0 0 HOME PROPERTIES INC COM 437306103 1550 29698 SH SOLE 29698 0 0 HARMONY GOLD MNG LTD COM 413216300 813 68250 SH SOLE 68250 0 0 HEALTH NET INC COM 42222G108 10809 199988 SH SOLE 199988 0 0 HEINZ H J CO COM 423074103 112108 2426581 SH SOLE 2426581 0 0 HOLLY CORP PAR $0.01 COM 435758305 333 5566 SH SOLE 5566 0 0 HORIZON OFFSHORE INC COM 44043J204 1436 87000 SH SOLE 87000 0 0 HARLEY DAVIDSON INC COM 412822108 16063 347615 SH SOLE 347615 0 0 HARLEY DAVIDSON INC OPTION 412822108 1229 837 SH PUT SOLE 837 0 0 HOLOGIC INC COM 436440101 1439 23592 SH SOLE 23592 0 0 HOLOGIC INC OPTION 436440101 292 926 SH CALL SOLE 926 0 0 HONEYWELL INTL INC COM 438516106 19698 331232 SH SOLE 331232 0 0 HONEYWELL INTL INC OPTION 438516106 273 4179 SH PUT SOLE 4179 0 0 HONEYWELL INTL INC OPTION 438516106 1521 1452 SH CALL SOLE 1452 0 0 STARWOOD HOTELS&RESORTS WRLD COM 85590A401 61462 1011716 SH SOLE 1011716 0 0 STARWOOD HOTELS&RESORTS WRLD OPTION 85590A401 4638 11300 SH PUT SOLE 11300 0 0 STARWOOD HOTELS&RESORTS WRLD OPTION 85590A401 710 15050 SH CALL SOLE 15050 0 0 HOVNANIAN ENTERPRISES INC COM 442487203 4498 405592 SH SOLE 405592 0 0 HOVNANIAN ENTERPRISES INC OPTION 442487203 4544 6660 SH PUT SOLE 6660 0 0 HELMERICH & PAYNE INC COM 423452101 271 8262 SH SOLE 8262 0 0 HERCULES INC COM 427056106 1443 68664 SH SOLE 68664 0 0 HEWLETT PACKARD CO COM 428236103 123595 2482330 SH SOLE 2482330 0 0 HEWLETT PACKARD CO OPTION 428236103 6000 48520 SH PUT SOLE 48520 0 0 HEWLETT PACKARD CO OPTION 428236103 31926 32220 SH CALL SOLE 32220 0 0 HOSPITALITY PPTYS TR COM SH BE COM 44106M102 320 7874 SH SOLE 7874 0 0 BLOCK H & R INC COM 093671105 58359 2755387 SH SOLE 2755387 0 0 HRPT PPTYS TR COM SH BEN INT COM 40426W101 108 10947 SH SOLE 10947 0 0 HARRIS CORP DEL COM 413875105 3650 63162 SH SOLE 63162 0 0 HEALTHSPRING INC COM 42224N101 849 43538 SH SOLE 43538 0 0 HARSCO CORP COM 415864107 314 5293 SH SOLE 5293 0 0 HEIDRICK & STRUGGLES INTL IN COM 422819102 361 9900 SH SOLE 9900 0 0 HOSPIRA INC COM 441060100 2958 71360 SH SOLE 71360 0 0 HOST HOTELS & RESORTS INC COM 44107P104 9275 413319 SH SOLE 413319 0 0 HERSHEY CO COM 427866108 4047 87210 SH SOLE 87210 0 0 HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 838 44250 SH SOLE 44250 0 0 HUBBELL INC CL B COM 443510201 589 10310 SH SOLE 10310 0 0 HUMANA INC COM 444859102 6387 91393 SH SOLE 91393 0 0 HUNTSMAN CORP COM 447011107 19274 727610 SH SOLE 727610 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page18 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- HUNTSMAN CORP OPTION 447011107 3116 7700 SH CALL SOLE 7700 0 0 HUNTSMAN CORP PFD MND CV 5% COM 447011206 12077 243544 SH SOLE 243544 0 0 DESARROLLADORA HOMEX S A DE COM 25030W100 2941 52985 SH SOLE 52985 0 0 IAC INTERACTIVECORP COM 44919P300 7831 263951 SH SOLE 263951 0 0 IAC INTERACTIVECORP OPTION 44919P300 1181 8940 SH PUT SOLE 8940 0 0 IAC INTERACTIVECORP OPTION 44919P300 1847 8809 SH CALL SOLE 8809 0 0 ISHARES TRUST DJ BROKER-DEAL COM 464288794 17437 335125 SH SOLE 335125 0 0 IDEARC INC COM 451663108 3122 99195 SH SOLE 99195 0 0 ISHARES TR NASDQ BIO INDX OPTION 464287556 200 1500 SH PUT SOLE 1500 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 191694 1627286 SH SOLE 1627286 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 7600 41188 SH PUT SOLE 41188 0 0 INTERNATIONAL BUSINESS MACHS OPTION 459200101 64223 29407 SH CALL SOLE 29407 0 0 ICICI BK LTD COM 45104G104 5299 100517 SH SOLE 100517 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 3028 19935 SH SOLE 19935 0 0 INTERDIGITAL INC COM 45867G101 659 31713 SH SOLE 31713 0 0 ISHARES TR 7-10 YR TRS BD COM 464287440 2441 29100 SH SOLE 29100 0 0 ISHARES TRUST DJ OIL&GAS EXP COM 464288851 3555 60000 SH SOLE 60000 0 0 ISHARES TR S&P EURO PLUS COM 464287861 1180 9900 SH SOLE 9900 0 0 IDEX CORP COM 45167R104 203 5567 SH SOLE 5567 0 0 ISHARES TRUST DJ OIL EQUIP COM 464288844 1277 20000 SH SOLE 20000 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 20825 393959 SH SOLE 393959 0 0 INDIA FD INC COM 454089103 283 5208 SH SOLE 5208 0 0 INTERFACE INC COM 458665106 498 27600 SH SOLE 27600 0 0 INFINEON TECHNOLOGIES AG COM 45662N103 3716 216269 SH SOLE 216269 0 0 INDIA GLOBALIZATION CAP INC UN COM 45408X209 477 70000 SH SOLE 70000 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 9538 221287 SH SOLE 221287 0 0 INTERNATIONAL GAME TECHNOLOG OPTION 459902102 589 1464 SH CALL SOLE 1464 0 0 INTERNATIONAL GAME TECHNOLOG D BOND CV 459902AP7 397000 4000000 PRN SOLE 4000000 0 0 ISHARES TR S&P GSTI SOFTW COM 464287515 4000 80000 SH SOLE 80000 0 0 ISHARES TRUST DJ HEALTH CARE COM 464288828 12392 210000 SH SOLE 210000 0 0 INFORMATION SERVICES GROUP I U COM 45675Y203 82 10000 SH SOLE 10000 0 0 II VI INC COM 902104108 497 14400 SH SOLE 14400 0 0 ISHARES TR S&P SMLCAP 600 COM 464287804 58988 845702 SH SOLE 845702 0 0 AQUILA INC COM 03840P102 2933 731339 SH SOLE 731339 0 0 ISHARES TR S&P LTN AM 40 COM 464287390 16796 69550 SH SOLE 69550 0 0 INDYMAC BANCORP INC COM 456607100 9040 382886 SH SOLE 382886 0 0 INDYMAC BANCORP INC OPTION 456607100 913 3528 SH PUT SOLE 3528 0 0 INDYMAC BANCORP INC OPTION 456607100 985 3630 SH CALL SOLE 3630 0 0 IMCLONE SYS INC COM 45245W109 34353 830976 SH SOLE 830976 0 0 IMCLONE SYS INC OPTION 45245W109 4167 22168 SH PUT SOLE 22168 0 0 IMCLONE SYS INC OPTION 45245W109 1662 2351 SH CALL SOLE 2351 0 0 IMCLONE SYS INC BOND CV 45245WAF6 3802750 41000000 PRN SOLE 41000000 0 0 IMATION CORP COM 45245A107 9176 374066 SH SOLE 374066 0 0 INFOSYS TECHNOLOGIES LTD COM 456788108 5778 119412 SH SOLE 119412 0 0 ING GROUP N V COM 456837103 2430 54847 SH SOLE 54847 0 0 INFOSPACE INC COM 45678T201 48645 2770204 SH SOLE 2770204 0 0 INTEL CORP COM 458140100 328919 12719229 SH SOLE 12719229 0 0 INTEL CORP OPTION 458140100 590 4000 SH PUT SOLE 4000 0 0 INTEL CORP OPTION 458140100 10021 134832 SH PUT SOLE 134832 0 0 INTEL CORP OPTION 458140100 34002 88206 SH CALL SOLE 88206 0 0 INTUIT COM 461202103 20064 662194 SH SOLE 662194 0 0 INTUIT OPTION 461202103 771 5314 SH CALL SOLE 5314 0 0 INTL PAPER CO COM 460146103 32214 898071 SH SOLE 898071 0 0 INTL PAPER CO OPTION 460146103 490 5851 SH PUT SOLE 5851 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page19 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- INTERPUBLIC GROUP COS INC COM 460690100 1515 145984 SH SOLE 145984 0 0 INTERPUBLIC GROUP COS INC OPTION 460690100 203 4816 SH PUT SOLE 4816 0 0 INTERPUBLIC GROUP COS INC OPTION 460690100 1100 11000 SH CALL SOLE 11000 0 0 QUEBECOR WORLD INC COM NON-VTG COM 748203106 775 80000 SH SOLE 80000 0 0 INGERSOLL-RAND COMPANY LTD COM G4776G101 4505 82710 SH SOLE 82710 0 0 IRON MTN INC OPTION 462846106 236 800 SH CALL SOLE 800 0 0 INTERSIL CORP COM 46069S109 1828 54672 SH SOLE 54672 0 0 INTERSIL CORP OPTION 46069S109 289 7214 SH PUT SOLE 7214 0 0 ISIS PHARMACEUTICALS INC COM 464330109 1402 93668 SH SOLE 93668 0 0 INTUITIVE SURGICAL INC COM 46120E602 5311 23092 SH SOLE 23092 0 0 INVESTMENT TECHNOLOGY GRP NE COM 46145F105 8915 207414 SH SOLE 207414 0 0 INVESTMENT TECHNOLOGY GRP NE OPTION 46145F105 498 1510 SH CALL SOLE 1510 0 0 INTERMUNE INC COM 45884X103 10105 528246 SH SOLE 528246 0 0 INTERMUNE INC OPTION 45884X103 422 5493 SH CALL SOLE 5493 0 0 INTERMUNE INC OPTION 45884X103 1348 3066 SH PUT SOLE 3066 0 0 ITT CORP NEW COM 450911102 6191 91144 SH SOLE 91144 0 0 BANCO ITAU HLDG FINANCIERA S SPCOM 059602201 14780 291977 SH SOLE 291977 0 0 ILLINOIS TOOL WKS INC COM 452308109 53731 900919 SH SOLE 900919 0 0 IMPERIAL TOBACCO GROUP PLC COM 453142101 679 7400 SH SOLE 7400 0 0 ISHARES TR S&P 500 VALUE COM 464287408 6760 82984 SH SOLE 82984 0 0 INVITROGEN CORP COM 46185R100 249 3052 SH SOLE 3052 0 0 INVITROGEN CORP OPTION 46185R100 1934 977 SH CALL SOLE 977 0 0 IVANHOE MINES LTD COM 46579N103 2971 227650 SH SOLE 227650 0 0 ISHARES TR S&P 500 INDEX COM 464287200 37580 245669 SH SOLE 245669 0 0 INVESCO PLC COM 46127U104 1345 49274 SH SOLE 49274 0 0 ISHARES TR RUSSELL 2000 COM 464287655 202160 2525109 SH SOLE 2525109 0 0 ISHARES TR RUSL 2000 VALU COM 464287630 15578 202500 SH SOLE 202500 0 0 ISHARES TR DJ US REAL EST COM 464287739 26380 344967 SH SOLE 344967 0 0 ISHARES TR TRANSP AVE IDX COM 464287192 60655 700000 SH SOLE 700000 0 0 ISHARES TR DJ US TELECOMM COM 464287713 1639 48418 SH SOLE 48418 0 0 JARDEN CORP COM 471109108 585 18900 SH SOLE 18900 0 0 JAKKS PAC INC COM 47012E106 507 19000 SH SOLE 19000 0 0 JA SOLAR HOLDINGS CO LTD SPON COM 466090107 499 11100 SH SOLE 11100 0 0 SUN MICROSYSTEMS INC COM 866810104 50838 9045977 SH SOLE 9045977 0 0 HUNT J B TRANS SVCS INC COM 445658107 26634 1012708 SH SOLE 1012708 0 0 JABIL CIRCUIT INC COM 466313103 2428 106290 SH SOLE 106290 0 0 JETBLUE AWYS CORP COM 477143101 4836 524478 SH SOLE 524478 0 0 JETBLUE AWYS CORP OPTION 477143101 1292 6650 SH PUT SOLE 6650 0 0 NUVEEN CORE EQUITY ALPHA FUN COM 67090X107 658 38850 SH SOLE 38850 0 0 JOHNSON CTLS INC COM 478366107 67913 574999 SH SOLE 574999 0 0 JOHNSON CTLS INC OPTION 478366107 303 850 SH PUT SOLE 850 0 0 JOHNSON CTLS INC OPTION 478366107 808 550 SH CALL SOLE 550 0 0 PENNEY J C INC COM 708160106 54007 852254 SH SOLE 852254 0 0 PENNEY J C INC OPTION 708160106 880 2365 SH CALL SOLE 2365 0 0 PENNEY J C INC OPTION 708160106 2812 5720 SH PUT SOLE 5720 0 0 JDS UNIPHASE CORP PAR $0.001 COM 46612J507 1431 95675 SH SOLE 95675 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 987 13059 SH SOLE 13059 0 0 JONES LANG LASALLE INC COM 48020Q107 277 2700 SH SOLE 2700 0 0 NUVEEN INVTS INC COM 67090F106 758 12239 SH SOLE 12239 0 0 JOHNSON & JOHNSON COM 478160104 142334 2166419 SH SOLE 2166419 0 0 JOHNSON & JOHNSON OPTION 478160104 6941 37158 SH PUT SOLE 37158 0 0 JOHNSON & JOHNSON OPTION 478160104 7792 27902 SH CALL SOLE 27902 0 0 JUNIPER NETWORKS INC COM 48203R104 20431 558076 SH SOLE 558076 0 0 JUNIPER NETWORKS INC OPTION 48203R104 215 7447 SH PUT SOLE 7447 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page20 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- JUNIPER NETWORKS INC OPTION 48203R104 6491 5068 SH CALL SOLE 5068 0 0 JANUS CAP GROUP INC COM 47102X105 1316 46532 SH SOLE 46532 0 0 JONES APPAREL GROUP INC COM 480074103 635 30031 SH SOLE 30031 0 0 JOS A BANK CLOTHIERS INC COM 480838101 448 13400 SH SOLE 13400 0 0 JOY GLOBAL INC COM 481165108 4779 93956 SH SOLE 93956 0 0 JP MORGAN CHASE & CO COM 46625H100 578896 12634126 SH SOLE 12634126 0 0 JP MORGAN CHASE & CO OPTION 46625H100 25613 115724 SH PUT SOLE 115724 0 0 JP MORGAN CHASE & CO OPTION 46625H100 13772 46997 SH CALL SOLE 46997 0 0 WILEY JOHN & SONS INC COM 968223206 6927 154179 SH SOLE 154179 0 0 NORDSTROM INC COM 655664100 2734 58315 SH SOLE 58315 0 0 KELLOGG CO COM 487836108 20845 372227 SH SOLE 372227 0 0 KAISER ALUMINUM CORP PAR $0.01COM 483007704 583 8264 SH SOLE 8264 0 0 KOOKMIN BK NEW COM 50049M109 796 9706 SH SOLE 9706 0 0 SPDR SERIES TRUST KBW BK ETF COM 78464A797 17238 328979 SH SOLE 328979 0 0 KB HOME COM 48666K109 8423 336129 SH SOLE 336129 0 0 KB HOME OPTION 48666K109 22762 16166 SH PUT SOLE 16166 0 0 KBR INC COM 48242W106 283 7298 SH SOLE 7298 0 0 SPDR SERIES TRUST KBW CAP MKTS COM 78464A771 23675 359799 SH SOLE 359799 0 0 KINETIC CONCEPTS INC COM 49460W208 847 15050 SH SOLE 15050 0 0 KAYDON CORP COM 486587108 1778 34200 SH SOLE 34200 0 0 KOREA ELECTRIC PWR COM 500631106 9518 411139 SH SOLE 411139 0 0 KERYX BIOPHARMACEUTICALS INC COM 492515101 994 100000 SH SOLE 100000 0 0 KERYX BIOPHARMACEUTICALS INC OPTION 492515101 1628 4962 SH CALL SOLE 4962 0 0 KIRBY CORP COM 497266106 649 14700 SH SOLE 14700 0 0 KEYCORP NEW COM 493267108 3509 108548 SH SOLE 108548 0 0 KFORCE INC COM 493732101 270 21000 SH SOLE 21000 0 0 KRAFT FOODS INC COM 50075N104 74848 2168889 SH SOLE 2168889 0 0 KORN FERRY INTL COM 500643200 520 31526 SH SOLE 31526 0 0 KING PHARMACEUTICALS INC COM 495582108 1707 145681 SH SOLE 145681 0 0 SPDR SERIES TRUST KBW INS ETF COM 78464A789 1432 25000 SH SOLE 25000 0 0 KIMCO REALTY CORP COM 49446R109 3744 82823 SH SOLE 82823 0 0 KLA-TENCOR CORP COM 482480100 9437 169177 SH SOLE 169177 0 0 KLA-TENCOR CORP OPTION 482480100 1764 10672 SH PUT SOLE 10672 0 0 KLA-TENCOR CORP OPTION 482480100 1316 5526 SH CALL SOLE 5526 0 0 KIMBERLY CLARK CORP COM 494368103 115523 1644218 SH SOLE 1644218 0 0 KIMBERLY CLARK CORP OPTION 494368103 719 2266 SH PUT SOLE 2266 0 0 KENNAMETAL INC COM 489170100 926 11021 SH SOLE 11021 0 0 CARMAX INC COM 143130102 2510 123486 SH SOLE 123486 0 0 COCA COLA CO COM 191216100 322689 5614916 SH SOLE 5614916 0 0 COCA COLA CO OPTION 191216100 1460 26751 SH PUT SOLE 26751 0 0 COCA COLA CO OPTION 191216100 24817 40147 SH CALL SOLE 40147 0 0 KROGER CO COM 501044101 14177 497077 SH SOLE 497077 0 0 KILROY RLTY CORP COM 49427F108 1754 28936 SH SOLE 28936 0 0 SPDR SERIES TRUST KBW REGL BKG COM 78464A698 5924 134548 SH SOLE 134548 0 0 KOHLS CORP COM 500255104 15668 273294 SH SOLE 273294 0 0 KOHLS CORP OPTION 500255104 454 551 SH PUT SOLE 551 0 0 KOHLS CORP OPTION 500255104 247 1159 SH CALL SOLE 1159 0 0 K-SWISS INC COM 482686102 3977 173600 SH SOLE 173600 0 0 KT CORP COM 48268K101 287 11459 SH SOLE 11459 0 0 KYPHON INC COM 501577100 1154 16488 SH SOLE 16488 0 0 LAMAR ADVERTISING CO COM 512815101 2533 51733 SH SOLE 51733 0 0 LAZARD LTD SHS A COM G54050102 1484 35000 SH SOLE 35000 0 0 LIBERTY GLOBAL INC COM SER A COM 530555101 5301 129241 SH SOLE 129241 0 0 LIBERTY GLOBAL INC COM SER C COM 530555309 243 6276 SH SOLE 6276 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page21 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- LIBERTY MEDIA HLDG CORP CAP CO COM 53071M302 4871 39019 SH SOLE 39019 0 0 U S AIRWAYS GROUP INC COM 90341W108 8952 341010 SH SOLE 341010 0 0 U S AIRWAYS GROUP INC OPTION 90341W108 234 5483 SH CALL SOLE 5483 0 0 U S AIRWAYS GROUP INC OPTION 90341W108 2330 2000 SH PUT SOLE 2000 0 0 LADISH INC COM 505754200 399 7200 SH SOLE 7200 0 0 LEAR CORP OPTION 521865105 742 10661 SH PUT SOLE 10661 0 0 LINCOLN ELEC HLDGS INC COM 533900106 594 7653 SH SOLE 7653 0 0 LEGGETT & PLATT INC COM 524660107 1667 86997 SH SOLE 86997 0 0 LEHMAN BROS HLDGS INC COM 524908100 35508 575207 SH SOLE 575207 0 0 LEHMAN BROS HLDGS INC OPTION 524908100 1920 7573 SH CALL SOLE 7573 0 0 LEHMAN BROS HLDGS INC OPTION 524908100 6083 16776 SH PUT SOLE 16776 0 0 LENNAR CORP COM 526057104 31784 1403251 SH SOLE 1403251 0 0 LENNAR CORP OPTION 526057104 442 6432 SH CALL SOLE 6432 0 0 LENNAR CORP OPTION 526057104 22126 16732 SH PUT SOLE 16732 0 0 ACCREDITED HOME LENDRS HLDG COM 00437P107 180 15457 SH SOLE 15457 0 0 LEVITT CORP COM 52742P108 103 51125 SH SOLE 51125 0 0 CHINA LIFE INS CO LTD SPON COM 16939P106 712 8259 SH SOLE 8259 0 0 LACLEDE GROUP INC COM 505597104 575 17800 SH SOLE 17800 0 0 LABORATORY CORP AMER HLDGS COM 50540R409 3433 43884 SH SOLE 43884 0 0 LAIDLAW INTL INC COM 50730R102 194469 5521558 SH SOLE 5521558 0 0 LIBERTY MEDIA HLDG CORP INT CO COM 53071M104 11770 612709 SH SOLE 612709 0 0 LIZ CLAIBORNE INC COM 539320101 1480 43120 SH SOLE 43120 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 5853 57304 SH SOLE 57304 0 0 LINEAR TECHNOLOGY CORP COM 535678106 10257 293140 SH SOLE 293140 0 0 LINEAR TECHNOLOGY CORP OPTION 535678106 1481 12326 SH CALL SOLE 12326 0 0 LINEAR TECHNOLOGY CORP OPTION 535678106 1032 6138 SH PUT SOLE 6138 0 0 LILLY ELI & CO COM 532457108 163893 2878857 SH SOLE 2878857 0 0 LILLY ELI & CO OPTION 532457108 4659 18303 SH PUT SOLE 18303 0 0 LILLY ELI & CO OPTION 532457108 4575 9943 SH CALL SOLE 9943 0 0 LEGG MASON INC COM 524901105 39998 474524 SH SOLE 474524 0 0 LEGG MASON INC OPTION 524901105 2516 2744 SH PUT SOLE 2744 0 0 LOCKHEED MARTIN CORP COM 539830109 21996 202743 SH SOLE 202743 0 0 LOCKHEED MARTIN CORP OPTION 539830109 306 1234 SH PUT SOLE 1234 0 0 LOCKHEED MARTIN CORP OPTION 539830109 763 763 SH CALL SOLE 763 0 0 LINCOLN NATL CORP IND COM 534187109 16863 255619 SH SOLE 255619 0 0 LINCARE HLDGS INC COM 532791100 203 5530 SH SOLE 5530 0 0 CHENIERE ENERGY INC COM 16411R208 286 7307 SH SOLE 7307 0 0 CHENIERE ENERGY INC OPTION 16411R208 1344 1600 SH CALL SOLE 1600 0 0 ALLIANT ENERGY CORP COM 018802108 279 7280 SH SOLE 7280 0 0 LANDRYS RESTAURANTS INC COM 51508L103 3368 127300 SH SOLE 127300 0 0 LANDRYS RESTAURANTS INC OPTION 51508L103 297 900 SH PUT SOLE 900 0 0 LOGITECH INTL S A SHS COM H50430232 3355 113543 SH SOLE 113543 0 0 LOWES COS INC COM 548661107 19598 699441 SH SOLE 699441 0 0 LOWES COS INC OPTION 548661107 219 2275 SH CALL SOLE 2275 0 0 LOWES COS INC OPTION 548661107 834 3718 SH PUT SOLE 3718 0 0 LG PHILIP LCD CO LTD SPONS COM 50186V102 281 11724 SH SOLE 11724 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 207 6913 SH SOLE 6913 0 0 LIFEPOINT HOSPITALS INC BOND CV 53219LAH2 356000 4000000 PRN SOLE 4000000 0 0 ISHARES TR IBOXX INV CPBD COM 464287242 1697 16084 SH SOLE 16084 0 0 LAFARGE COPPEE S A SPON COM 505861401 1455 37672 SH SOLE 37672 0 0 LAM RESEARCH CORP COM 512807108 6290 118101 SH SOLE 118101 0 0 LAM RESEARCH CORP OPTION 512807108 333 2342 SH PUT SOLE 2342 0 0 LABOR READY INC COM 505401208 700 37800 SH SOLE 37800 0 0 LIBERTY PPTY TR SH BEN INT COM 531172104 423 10512 SH SOLE 10512 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page22 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ISHARES TR DJ US REAL EST OPTION 464287739 946 1550 SH PUT SOLE 1550 0 0 LSI CORPORATION COM 502161102 1465 197460 SH SOLE 197460 0 0 LIMITED BRANDS INC COM 532716107 1764 77053 SH SOLE 77053 0 0 LOEWS CORP COM 540424108 6004 124179 SH SOLE 124179 0 0 LEUCADIA NATL CORP COM 527288104 3199 66346 SH SOLE 66346 0 0 SOUTHWEST AIRLS CO COM 844741108 6885 465170 SH SOLE 465170 0 0 SOUTHWEST AIRLS CO OPTION 844741108 1024 12050 SH PUT SOLE 12050 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 4613 991993 SH SOLE 991993 0 0 LAS VEGAS SANDS CORP COM 517834107 4477 33555 SH SOLE 33555 0 0 LAS VEGAS SANDS CORP OPTION 517834107 314 3400 SH PUT SOLE 3400 0 0 LAS VEGAS SANDS CORP OPTION 517834107 900 267 SH CALL SOLE 267 0 0 FIRST DATA CORP OPTION 319963104 230 207 SH CALL SOLE 207 0 0 LEXMARK INTL NEW COM 529771107 3032 73007 SH SOLE 73007 0 0 LEXINGTON REALTY TRUST PFD CON COM 529043309 27501 625100 SH SOLE 625100 0 0 LLOYDS TSB GROUP PLC COM 539439109 1182 26580 SH SOLE 26580 0 0 LYONDELL CHEMICAL CO COM 552078107 22050 475736 SH SOLE 475736 0 0 LUBRIZOL CORP COM 549271104 644 9901 SH SOLE 9901 0 0 MACYS INC COM 55616P104 59837 1851398 SH SOLE 1851398 0 0 MACYS INC OPTION 55616P104 863 676 SH PUT SOLE 676 0 0 MASTERCARD INC COM 57636Q104 346 2335 SH SOLE 2335 0 0 MASTERCARD INC OPTION 57636Q104 3005 2548 SH PUT SOLE 2548 0 0 MASTERCARD INC OPTION 57636Q104 8208 3716 SH CALL SOLE 3716 0 0 MACERICH CO COM 554382101 4350 49673 SH SOLE 49673 0 0 MANPOWER INC COM 56418H100 1441 22396 SH SOLE 22396 0 0 MANHATTAN ASSOCS INC COM 562750109 365 13300 SH SOLE 13300 0 0 MANTECH INTL CORP COM 564563104 820 22800 SH SOLE 22800 0 0 MARRIOTT INTL INC NEW COM 571903202 4784 110054 SH SOLE 110054 0 0 MARRIOTT INTL INC NEW OPTION 571903202 283 3241 SH CALL SOLE 3241 0 0 MASCO CORP COM 574599106 78614 3392920 SH SOLE 3392920 0 0 MATTEL INC COM 577081102 3770 160680 SH SOLE 160680 0 0 MBIA INC COM 55262C100 98059 1606208 SH SOLE 1606208 0 0 MBIA INC OPTION 55262C100 2588 17500 SH PUT SOLE 17500 0 0 MBIA INC OPTION 55262C100 1089 5066 SH CALL SOLE 5066 0 0 MOBILE TELESYSTEMS OJSC COM 607409109 1803 26015 SH SOLE 26015 0 0 MCDONALDS CORP COM 580135101 55778 1024012 SH SOLE 1024012 0 0 MCDONALDS CORP OPTION 580135101 1556 12537 SH PUT SOLE 12537 0 0 MCDONALDS CORP OPTION 580135101 13551 10614 SH CALL SOLE 10614 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 6634 182652 SH SOLE 182652 0 0 MCKESSON CORP COM 58155Q103 7609 129423 SH SOLE 129423 0 0 MOODYS CORP COM 615369105 6330 125591 SH SOLE 125591 0 0 MOODYS CORP OPTION 615369105 295 4000 SH CALL SOLE 4000 0 0 MOODYS CORP OPTION 615369105 1801 3258 SH PUT SOLE 3258 0 0 MERCURY GENL CORP NEW COM 589400100 702 13023 SH SOLE 13023 0 0 M D C HLDGS INC COM 552676108 475 11613 SH SOLE 11613 0 0 MEDICINES CO COM 584688105 713 40053 SH SOLE 40053 0 0 MEREDITH CORP COM 589433101 627 10940 SH SOLE 10940 0 0 MCDERMOTT INTL INC COM 580037109 9161 169394 SH SOLE 169394 0 0 MCDERMOTT INTL INC OPTION 580037109 5396 2844 SH CALL SOLE 2844 0 0 MEDTRONIC INC COM 585055106 203432 3606303 SH SOLE 3606303 0 0 MEDTRONIC INC OPTION 585055106 1201 8400 SH PUT SOLE 8400 0 0 MEDTRONIC INC OPTION 585055106 2340 6787 SH CALL SOLE 6787 0 0 MEDTRONIC INC BOND CV 585055AL0 1216875 11000000 PRN SOLE 11000000 0 0 MEDTRONIC INC BOND CV 585055AM8 563125 5000000 PRN SOLE 5000000 0 0 MDU RES GROUP INC COM 552690109 1072 38498 SH SOLE 38498 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page23 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MEDIVATION INC COM 58501N101 602 30000 SH SOLE 30000 0 0 MIDCAP SPDR TR UNIT SER 1 COM 595635103 245721 1527639 SH SOLE 1527639 0 0 MEDAREX INC COM 583916101 21402 1511426 SH SOLE 1511426 0 0 MEDAREX INC OPTION 583916101 7405 64882 SH CALL SOLE 64882 0 0 MEDAREX INC OPTION 583916101 7945 34993 SH PUT SOLE 34993 0 0 MASSEY ENERGY CORP COM 576206106 419 19186 SH SOLE 19186 0 0 MASSEY ENERGY CORP OPTION 576206106 204 1277 SH PUT SOLE 1277 0 0 MENTOR GRAPHICS CORP COM 587200106 374 24786 SH SOLE 24786 0 0 METHANEX CORP COM 59151K108 1364 53700 SH SOLE 53700 0 0 MERRILL LYNCH & CO INC COM 590188108 52989 743390 SH SOLE 743390 0 0 MERRILL LYNCH & CO INC OPTION 590188108 6186 24999 SH CALL SOLE 24999 0 0 MERRILL LYNCH & CO INC OPTION 590188108 18313 31971 SH PUT SOLE 31971 0 0 MESA AIR GROUP INC BOND CV 590479AD3 1319625 25500000 PRN SOLE 25500000 0 0 METLIFE INC COM 59156R108 18989 272321 SH SOLE 272321 0 0 METLIFE INC OPTION 59156R108 511 2503 SH PUT SOLE 2503 0 0 METLIFE INC OPTION 59156R108 2143 2697 SH CALL SOLE 2697 0 0 METHODE ELECTRS INC COM 591520200 280 18600 SH SOLE 18600 0 0 MCAFEE INC COM 579064106 3854 110521 SH SOLE 110521 0 0 MAGNA INTL INC COM 559222401 1069 11100 SH SOLE 11100 0 0 MAGELLAN HEALTH SVCS INC COM 559079207 868 21400 SH SOLE 21400 0 0 MGM MIRAGE COM 552953101 614 6865 SH SOLE 6865 0 0 MOHAWK INDS INC COM 608190104 416 5115 SH SOLE 5115 0 0 M/I HOMES INC COM 55305B101 146 10500 SH SOLE 10500 0 0 MCGRAW HILL COS INC COM 580645109 9932 195086 SH SOLE 195086 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 6995 77391 SH SOLE 77391 0 0 MEDCO HEALTH SOLUTIONS INC OPTION 58405U102 340 2416 SH PUT SOLE 2416 0 0 MEDCO HEALTH SOLUTIONS INC OPTION 58405U102 1616 1992 SH CALL SOLE 1992 0 0 MARSHALL & ILSLEY CORP COM 571834100 2642 60355 SH SOLE 60355 0 0 MILLICOM INTL CELLULAR S A SHS COM L6388F110 5236 62407 SH SOLE 62407 0 0 MILLIPORE CORP COM 601073109 1982 26144 SH SOLE 26144 0 0 MIRANT CORP NEW COM 60467R100 203729 5008089 SH SOLE 5008089 0 0 MIRANT CORP NEW OPTION 60467R100 560 4000 SH CALL SOLE 4000 0 0 MCCORMICK & CO INC COM NON VTG COM 579780206 1930 53657 SH SOLE 53657 0 0 MIDLAND CO COM 597486109 2068 37636 SH SOLE 37636 0 0 MILLER HERMAN INC COM 600544100 680 25039 SH SOLE 25039 0 0 MARTIN MARIETTA MATLS INC COM 573284106 444 3322 SH SOLE 3322 0 0 MILLENNIUM PHARMACEUTICALS I COM 599902103 269 26499 SH SOLE 26499 0 0 MARSH & MCLENNAN COS INC COM 571748102 11365 445693 SH SOLE 445693 0 0 MARSH & MCLENNAN COS INC OPTION 571748102 480 1000 SH PUT SOLE 1000 0 0 3M CO COM 88579Y101 30396 324808 SH SOLE 324808 0 0 3M CO OPTION 88579Y101 1701 11356 SH PUT SOLE 11356 0 0 3M CO OPTION 88579Y101 7080 7140 SH CALL SOLE 7140 0 0 MCCLATCHY CO COM 579489105 243 12171 SH SOLE 12171 0 0 MONSTER WORLDWIDE INC COM 611742107 4313 126616 SH SOLE 126616 0 0 ALTRIA GROUP INC COM 02209S103 431295 6203000 SH SOLE 6203000 0 0 ALTRIA GROUP INC OPTION 02209S103 4813 24456 SH PUT SOLE 24456 0 0 ALTRIA GROUP INC OPTION 02209S103 18100 33894 SH CALL SOLE 33894 0 0 MGI PHARMA INC COM 552880106 4447 160076 SH SOLE 160076 0 0 MOLINA HEALTHCARE INC COM 60855R100 696 19200 SH SOLE 19200 0 0 MOLEX INC COM 608554101 2056 76346 SH SOLE 76346 0 0 MONSANTO CO NEW COM 61166W101 62624 730392 SH SOLE 730392 0 0 MONSANTO CO NEW OPTION 61166W101 253 5640 SH PUT SOLE 5640 0 0 MONSANTO CO NEW OPTION 61166W101 1307 765 SH CALL SOLE 765 0 0 MOSAIC CO COM 61945A107 560 10457 SH SOLE 10457 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page24 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MOSAIC CO OPTION 61945A107 1940 1000 SH CALL SOLE 1000 0 0 MOTOROLA INC COM 620076109 119172 6431290 SH SOLE 6431290 0 0 MOTOROLA INC OPTION 620076109 4386 34924 SH CALL SOLE 34924 0 0 MOTOROLA INC OPTION 620076109 2143 28363 SH PUT SOLE 28363 0 0 MOVADO GROUP INC COM 624580106 543 17000 SH SOLE 17000 0 0 MPS GROUP INC COM 553409103 159 14239 SH SOLE 14239 0 0 MONOLITHIC PWR SYS INC COM 609839105 429 16900 SH SOLE 16900 0 0 MERCK & CO INC COM 589331107 233643 4520079 SH SOLE 4520079 0 0 MERCK & CO INC OPTION 589331107 5856 47285 SH PUT SOLE 47285 0 0 MERCK & CO INC OPTION 589331107 30018 28700 SH CALL SOLE 28700 0 0 MARATHON OIL CORP COM 565849106 16717 293175 SH SOLE 293175 0 0 MARATHON OIL CORP OPTION 565849106 491 4118 SH PUT SOLE 4118 0 0 MARATHON OIL CORP OPTION 565849106 2817 5519 SH CALL SOLE 5519 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 7825 478005 SH SOLE 478005 0 0 MEDICIS PHARMACEUTICAL CORP OPTION 584690309 7093 30505 SH CALL SOLE 30505 0 0 MEDICIS PHARMACEUTICAL CORP OPTION 584690309 581 981 SH PUT SOLE 981 0 0 MORGAN STANLEY COM 617446448 139727 2217882 SH SOLE 2217882 0 0 MORGAN STANLEY OPTION 617446448 14487 35848 SH PUT SOLE 35848 0 0 MORGAN STANLEY OPTION 617446448 11515 18900 SH CALL SOLE 18900 0 0 MICROSOFT CORP COM 594918104 297803 10108715 SH SOLE 10108715 0 0 MICROSOFT CORP OPTION 594918104 17395 127422 SH PUT SOLE 127422 0 0 MICROSOFT CORP OPTION 594918104 440 1000 SH PUT SOLE 1000 0 0 MICROSOFT CORP OPTION 594918104 660 1000 SH CALL SOLE 1000 0 0 MICROSOFT CORP OPTION 594918104 28044 134482 SH CALL SOLE 134482 0 0 MICROSTRATEGY INC COM 594972408 500 6300 SH SOLE 6300 0 0 ARCELOR MITTAL NY REGISTRY SH COM 03937E101 8061 102870 SH SOLE 102870 0 0 M & T BK CORP COM 55261F104 2114 20431 SH SOLE 20431 0 0 MAHANAGAR TEL NIGAM LTD SPONS COM 559778402 81 10321 SH SOLE 10321 0 0 MANNATECH INC COM 563771104 556 68600 SH SOLE 68600 0 0 MGIC INVT CORP WIS COM 552848103 1431 44287 SH SOLE 44287 0 0 MGIC INVT CORP WIS OPTION 552848103 18580 10536 SH PUT SOLE 10536 0 0 VAIL RESORTS INC COM 91879Q109 524 8410 SH SOLE 8410 0 0 MANITOWOC INC COM 563571108 430 9700 SH SOLE 9700 0 0 MICRON TECHNOLOGY INC COM 595112103 5046 454565 SH SOLE 454565 0 0 MICRON TECHNOLOGY INC OPTION 595112103 352 5832 SH CALL SOLE 5832 0 0 MICRON TECHNOLOGY INC OPTION 595112103 1281 11214 SH PUT SOLE 11214 0 0 MICRON TECHNOLOGY INC BOND CV 595112AH6 779000 8000000 PRN SOLE 8000000 0 0 MURPHY OIL CORP COM 626717102 5465 78190 SH SOLE 78190 0 0 MURPHY OIL CORP OPTION 626717102 260 467 SH CALL SOLE 467 0 0 MEADWESTVACO CORP COM 583334107 52103 1764398 SH SOLE 1764398 0 0 MEXICO EQUITY & INCOME FD COM 592834105 269 8100 SH SOLE 8100 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 9603 327177 SH SOLE 327177 0 0 MAXIM INTEGRATED PRODS INC OPTION 57772K101 1213 4557 SH PUT SOLE 4557 0 0 MYERS INDS INC COM 628464109 2712 136855 SH SOLE 136855 0 0 MYRIAD GENETICS INC COM 62855J104 15821 303378 SH SOLE 303378 0 0 MYRIAD GENETICS INC OPTION 62855J104 1621 5054 SH PUT SOLE 5054 0 0 MYLAN LABS INC COM 628530107 1914 119903 SH SOLE 119903 0 0 MYLAN LABS INC BOND CV 628530AG2 1752750 19000000 PRN SOLE 19000000 0 0 PROSHARES TR SHORT MDCAP400 COM 74347R800 559 9621 SH SOLE 9621 0 0 NASH FINCH CO BOND CV 631158AD4 234768 4891000 PRN SOLE 4891000 0 0 NOBLE ENERGY INC COM 655044105 6740 96235 SH SOLE 96235 0 0 NABORS INDUSTRIES LTD SHS COM G6359F103 5191 168688 SH SOLE 168688 0 0 NABORS INDS INC BOND CV 629568AP1 1198438 12500000 PRN SOLE 12500000 0 0 NATIONAL CITY CORP COM 635405103 28754 1146047 SH SOLE 1146047 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page25 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NATIONAL CITY CORP OPTION 635405103 504 850 SH PUT SOLE 850 0 0 NCR CORP NEW COM 62886E108 5278 105981 SH SOLE 105981 0 0 NOVA CHEMICALS CORP OPTION 66977W109 364 5058 SH PUT SOLE 5058 0 0 NASDAQ STOCK MARKET INC COM 631103108 1818 48240 SH SOLE 48240 0 0 NOBLE CORPORATION SHS COM G65422100 9269 188979 SH SOLE 188979 0 0 NEWMONT MINING CORP COM 651639106 107709 2407983 SH SOLE 2407983 0 0 NEWMONT MINING CORP OPTION 651639106 589 10310 SH CALL SOLE 10310 0 0 NEWMONT MINING CORP OPTION 651639106 4332 14939 SH PUT SOLE 14939 0 0 NEOPHARM INC COM 640919106 307 310487 SH SOLE 310487 0 0 NEOPHARM INC OPTION 640919106 1288 3142 SH PUT SOLE 3142 0 0 NET SERVICOS DE COMUNICACAO SP COM 64109T201 423 25485 SH SOLE 25485 0 0 NETLOGIC MICROSYSTEMS INC COM 64118B100 508 14075 SH SOLE 14075 0 0 NETFLIX INC COM 64110L106 575 27696 SH SOLE 27696 0 0 NATIONAL FINL PARTNERS CORP COM 63607P208 3932 74213 SH SOLE 74213 0 0 NATIONWIDE FINL SVCS INC COM 638612101 1586 29464 SH SOLE 29464 0 0 NEWFIELD EXPL CO COM 651290108 10269 213233 SH SOLE 213233 0 0 NEON COMMUNICATIONS GROUP IN COM 64050T101 475 96839 SH SOLE 96839 0 0 NATIONWIDE HEALTH PPTYS INC COM 638620104 226 7513 SH SOLE 7513 0 0 NISOURCE INC COM 65473P105 1841 96211 SH SOLE 96211 0 0 NICE SYS LTD COM 653656108 839 23404 SH SOLE 23404 0 0 NII HLDGS INC CL B COM 62913F201 10513 127971 SH SOLE 127971 0 0 BLUE NILE INC COM 09578R103 264 2800 SH SOLE 2800 0 0 NEW JERSEY RES COM 646025106 266 5355 SH SOLE 5355 0 0 NIKE INC CL B COM 654106103 41858 713564 SH SOLE 713564 0 0 NIKE INC CL B OPTION 654106103 955 1477 SH CALL SOLE 1477 0 0 NALCO HOLDING COMPANY COM 62985Q101 478 16105 SH SOLE 16105 0 0 ANNALY CAP MGMT INC COM 035710409 565 35488 SH SOLE 35488 0 0 NYMEX HOLDINGS INC COM 62948N104 43685 335573 SH SOLE 335573 0 0 NYMEX HOLDINGS INC OPTION 62948N104 1726 11810 SH CALL SOLE 11810 0 0 NORTHROP GRUMMAN CORP COM 666807102 9125 116985 SH SOLE 116985 0 0 NOKIA CORP COM 654902204 4399 115975 SH SOLE 115975 0 0 NOKIA CORP OPTION 654902204 5292 6291 SH CALL SOLE 6291 0 0 NATIONAL OILWELL VARCO INC COM 637071101 16185 112007 SH SOLE 112007 0 0 NOVELL INC COM 670006105 2253 294840 SH SOLE 294840 0 0 NOVELL INC DBCV 7.830% 7/1 BOND CV 670006AC9 476250 5000000 PRN SOLE 5000000 0 0 NOVEN PHARMACEUTICALS INC COM 670009109 230 14422 SH SOLE 14422 0 0 ENPRO INDS INC DBCV 3.937%10/1 BOND CV 29355XAB3 428250 2999999 PRN SOLE 2999999 0 0 NRG ENERGY INC COM 629377508 3563 84250 SH SOLE 84250 0 0 NRG ENERGY INC OPTION 629377508 1924 4580 SH PUT SOLE 4580 0 0 NRG ENERGY INC OPTION 629377508 3572 4176 SH CALL SOLE 4176 0 0 NRG ENERGY INC PFD CONV MAND COM 629377870 28780 78900 SH SOLE 78900 0 0 NEUBERGER BERMAN RLTY INC FD COM 64126G109 1660 79700 SH SOLE 79700 0 0 NORFOLK SOUTHERN CORP COM 655844108 8560 164906 SH SOLE 164906 0 0 NORFOLK SOUTHERN CORP OPTION 655844108 5170 11240 SH CALL SOLE 11240 0 0 NORFOLK SOUTHERN CORP OPTION 655844108 840 6845 SH PUT SOLE 6845 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 29385 1083500 SH SOLE 1083500 0 0 NATIONAL SEMICONDUCTOR CORP OPTION 637640103 1781 56257 SH PUT SOLE 56257 0 0 NATIONAL SEMICONDUCTOR CORP OPTION 637640103 791 6575 SH CALL SOLE 6575 0 0 NEUSTAR INC COM 64126X201 354 10332 SH SOLE 10332 0 0 NSTAR COM 67019E107 30016 862285 SH SOLE 862285 0 0 NORTEL NETWORKS CORP NEW COM 656568508 2148 126518 SH SOLE 126518 0 0 NORTEL NETWORKS CORP NEW OPTION 656568508 1130 850 SH PUT SOLE 850 0 0 NETWORK APPLIANCE INC COM 64120L104 15097 561019 SH SOLE 561019 0 0 NETWORK APPLIANCE INC OPTION 64120L104 2043 4445 SH PUT SOLE 4445 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page26 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- NETEASE COM INC COM 64110W102 975 57700 SH SOLE 57700 0 0 NORTHERN TR CORP COM 665859104 39810 600723 SH SOLE 600723 0 0 NBTY INC COM 628782104 1381 34010 SH SOLE 34010 0 0 NORTHEAST UTILS COM 664397106 26846 939644 SH SOLE 939644 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 3761 194766 SH SOLE 194766 0 0 NUCOR CORP COM 670346105 68216 1147068 SH SOLE 1147068 0 0 NUCOR CORP OPTION 670346105 3102 4315 SH CALL SOLE 4315 0 0 NUCOR CORP OPTION 670346105 1117 2976 SH PUT SOLE 2976 0 0 NVIDIA CORP COM 67066G104 27301 753343 SH SOLE 753343 0 0 NVIDIA CORP OPTION 67066G104 545 6305 SH PUT SOLE 6305 0 0 NVIDIA CORP OPTION 67066G104 3551 2613 SH CALL SOLE 2613 0 0 NOVELLUS SYS INC COM 670008101 3152 115629 SH SOLE 115629 0 0 NOVELLUS SYS INC OPTION 670008101 402 905 SH PUT SOLE 905 0 0 NOVO-NORDISK A S COM 670100205 472 3900 SH SOLE 3900 0 0 NVR INC COM 62944T105 378 803 SH SOLE 803 0 0 NOVARTIS A G COM 66987V109 13091 238191 SH SOLE 238191 0 0 NAVTEQ CORP COM 63936L100 2162 27723 SH SOLE 27723 0 0 NORTHWEST AIRLS CORP COM 667280408 308 17323 SH SOLE 17323 0 0 NORTHWESTERN CORP COM 668074305 19125 703900 SH SOLE 703900 0 0 NEWELL RUBBERMAID INC COM 651229106 5233 181588 SH SOLE 181588 0 0 NEWS CORP CL B COM 65248E203 1395 59643 SH SOLE 59643 0 0 NEWS CORP COM 65248E104 93967 4273160 SH SOLE 4273160 0 0 QUANEX CORP COM 747620102 796 16935 SH SOLE 16935 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 672 35279 SH SOLE 35279 0 0 NEW YORK TIMES CO COM 650111107 2644 133815 SH SOLE 133815 0 0 NYSE EURONEXT COM 629491101 4834 61062 SH SOLE 61062 0 0 NYSE EURONEXT OPTION 629491101 1536 7500 SH CALL SOLE 7500 0 0 OMNICARE INC COM 681904108 386 11639 SH SOLE 11639 0 0 OFFICE DEPOT INC COM 676220106 1706 82724 SH SOLE 82724 0 0 ISHARES TR S&P 100 IDX FD COM 464287101 119595 1671959 SH SOLE 1671959 0 0 OGE ENERGY CORP COM 670837103 20419 616887 SH SOLE 616887 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTCOM 678002106 35999 187740 SH SOLE 187740 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTOPTION 678002106 260 6547 SH PUT SOLE 6547 0 0 O2MICRO INTERNATIONAL LTD SPONSCOM 67107W100 532 34400 SH SOLE 34400 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 17052 30760 SH CALL SOLE 30760 0 0 ONEOK INC NEW COM 682680103 254 5351 SH SOLE 5351 0 0 SOUTHWEST BANCORP INC OKLA COM 844767103 442 23480 SH SOLE 23480 0 0 OMNICOM GROUP INC COM 681919106 31684 658843 SH SOLE 658843 0 0 OFFICEMAX INC DEL COM 67622P101 46768 1364688 SH SOLE 1364688 0 0 OMEGA NAVIGATION ENTERPRISES C COM Y6476R105 5281 265000 SH SOLE 265000 0 0 ON SEMICONDUCTOR CORP COM 682189105 1594 126896 SH SOLE 126896 0 0 ONYX PHARMACEUTICALS INC COM 683399109 6556 150635 SH SOLE 150635 0 0 ONYX PHARMACEUTICALS INC OPTION 683399109 357 3763 SH PUT SOLE 3763 0 0 ONYX PHARMACEUTICALS INC OPTION 683399109 2480 3792 SH CALL SOLE 3792 0 0 GOLDCORP INC NEW OPTION 380956409 2262 3471 SH CALL SOLE 3471 0 0 ORACLE CORP COM 68389X105 79958 3693209 SH SOLE 3693209 0 0 ORACLE CORP OPTION 68389X105 2580 78291 SH PUT SOLE 78291 0 0 ORACLE CORP OPTION 68389X105 23608 51959 SH CALL SOLE 51959 0 0 OLD REP INTL CORP COM 680223104 265 14160 SH SOLE 14160 0 0 OSI PHARMACEUTICALS INC COM 671040103 278 8175 SH SOLE 8175 0 0 OSHKOSH TRUCK CORP COM 688239201 289 4656 SH SOLE 4656 0 0 OMNIVISION TECHNOLOGIES INC COM 682128103 1138 50064 SH SOLE 50064 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 72498 1131368 SH SOLE 1131368 0 0 OCCIDENTAL PETE CORP DEL OPTION 674599105 1716 10396 SH PUT SOLE 10396 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page27 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- OCCIDENTAL PETE CORP DEL OPTION 674599105 6515 8350 SH CALL SOLE 8350 0 0 PAN AMERICAN SILVER CORP COM 697900108 778 26931 SH SOLE 26931 0 0 PACER INTL INC TENN COM 69373H106 322 16900 SH SOLE 16900 0 0 PALM INC NEW COM 696643105 24424 1501172 SH SOLE 1501172 0 0 PALM INC NEW OPTION 696643105 677 5234 SH CALL SOLE 5234 0 0 VERIFONE HLDGS INC COM 92342Y109 3088 69650 SH SOLE 69650 0 0 PAYCHEX INC COM 704326107 15549 379251 SH SOLE 379251 0 0 PAYCHEX INC OPTION 704326107 389 3408 SH PUT SOLE 3408 0 0 PAYCHEX INC OPTION 704326107 339 1941 SH CALL SOLE 1941 0 0 PEOPLES UNITED FINANCIAL INC COM 712704105 214 12373 SH SOLE 12373 0 0 POWERSHARES ETF TRUST DYN BIOT COM 73935X856 956 50000 SH SOLE 50000 0 0 PEPSI BOTTLING GROUP INC COM 713409100 11010 296201 SH SOLE 296201 0 0 PITNEY BOWES INC COM 724479100 4763 104868 SH SOLE 104868 0 0 PETROLEO BRASILEIRO SA PETRO COM 71654V408 51366 680348 SH SOLE 680348 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 613 15369 SH PUT SOLE 15369 0 0 PETROLEO BRASILEIRO SA PETRO OPTION 71654V408 3360 2000 SH CALL SOLE 2000 0 0 PETROLEO BRASILEIRO SA PETRO SPCOM 71654V101 56930 879907 SH SOLE 879907 0 0 PACCAR INC COM 693718108 20630 241994 SH SOLE 241994 0 0 PG&E CORP COM 69331C108 32011 669689 SH SOLE 669689 0 0 POTLATCH CORP NEW COM 737630103 9797 217558 SH SOLE 217558 0 0 PLUM CREEK TIMBER CO INC COM 729251108 2242 50081 SH SOLE 50081 0 0 PRICELINE COM INC COM 741503403 2396 27000 SH SOLE 27000 0 0 PRECISION CASTPARTS CORP COM 740189105 6360 42979 SH SOLE 42979 0 0 SOUTHERN COPPER CORP COM 84265V105 3115 25153 SH SOLE 25153 0 0 PERDIGAO S A COMERCIO E INDS SPCOM 71361V303 1067 24299 SH SOLE 24299 0 0 PATTERSON COMPANIES INC COM 703395103 5343 138384 SH SOLE 138384 0 0 PRIDE INTL INC DEL COM 74153Q102 380 10394 SH SOLE 10394 0 0 PRIDE INTL INC DEL OPTION 74153Q102 708 2550 SH CALL SOLE 2550 0 0 PDL BIOPHARMA INC COM 69329Y104 707 32721 SH SOLE 32721 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 110776 1258959 SH SOLE 1258959 0 0 PUBLIC SVC ENTERPRISE GROUP OPTION 744573106 670 2574 SH PUT SOLE 2574 0 0 PUBLIC SVC ENTERPRISE GROUP OPTION 744573106 1168 6649 SH CALL SOLE 6649 0 0 PACIFIC ETHANOL INC COM 69423U107 598 62125 SH SOLE 62125 0 0 PENN NATL GAMING INC COM 707569109 6488 109931 SH SOLE 109931 0 0 PENN NATL GAMING INC OPTION 707569109 600 1500 SH CALL SOLE 1500 0 0 PEPSICO INC COM 713448108 198829 2714012 SH SOLE 2714012 0 0 PEPSICO INC OPTION 713448108 1404 21878 SH PUT SOLE 21878 0 0 PEPSICO INC OPTION 713448108 12060 19487 SH CALL SOLE 19487 0 0 PETSMART INC COM 716768106 2419 75846 SH SOLE 75846 0 0 PFF BANCORP INC COM 69331W104 225 14690 SH SOLE 14690 0 0 PFIZER INC COM 717081103 553736 22666233 SH SOLE 22666233 0 0 PFIZER INC OPTION 717081103 15967 149012 SH CALL SOLE 149012 0 0 PFIZER INC OPTION 717081103 34916 171052 SH PUT SOLE 171052 0 0 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 5211 82596 SH SOLE 82596 0 0 PROCTER & GAMBLE CO COM 742718109 300061 4265870 SH SOLE 4265870 0 0 PROCTER & GAMBLE CO OPTION 742718109 3440 30406 SH PUT SOLE 30406 0 0 PROCTER & GAMBLE CO OPTION 742718109 25907 33977 SH CALL SOLE 33977 0 0 PENGROWTH ENERGY TR TR UNIT COM 706902509 369 19609 SH SOLE 19609 0 0 PROGRESS ENERGY INC COM 743263105 14239 303928 SH SOLE 303928 0 0 PROGRESSIVE CORP OHIO COM 743315103 6654 342836 SH SOLE 342836 0 0 PARKER HANNIFIN CORP COM 701094104 6040 54011 SH SOLE 54011 0 0 KONINKLIJKE PHILIPS ELECTRS NY COM 500472303 4024 89551 SH SOLE 89551 0 0 PHH CORP COM 693320202 1743 66318 SH SOLE 66318 0 0 PULTE HOMES INC COM 745867101 1646 120936 SH SOLE 120936 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page28 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PULTE HOMES INC OPTION 745867101 728 1610 SH PUT SOLE 1610 0 0 PHARMATHENE INC COM 71714G102 96 19100 SH SOLE 19100 0 0 PHARMATHENE INC *W EXP 07/27/2 COM 71714G110 60 70000 SH SOLE 70000 0 0 PARKER DRILLING CO COM 701081101 325 40000 SH SOLE 40000 0 0 PERKINELMER INC COM 714046109 1025 35098 SH SOLE 35098 0 0 POSCO COM 693483109 2598 14535 SH SOLE 14535 0 0 PHOTRONICS INC COM 719405102 233 20400 SH SOLE 20400 0 0 POLYCOM INC COM 73172K104 399 14872 SH SOLE 14872 0 0 PROLOGIS SH BEN INT COM 743410102 12948 195151 SH SOLE 195151 0 0 PALL CORP COM 696429307 2026 52095 SH SOLE 52095 0 0 PSYCHEMEDICS CORP COM 744375205 945 54746 SH SOLE 54746 0 0 PMI GROUP INC COM 69344M101 2399 73366 SH SOLE 73366 0 0 PMI GROUP INC OPTION 69344M101 1415 1750 SH PUT SOLE 1750 0 0 PNC FINL SVCS GROUP INC COM 693475105 126288 1854443 SH SOLE 1854443 0 0 PNC FINL SVCS GROUP INC OPTION 693475105 206 1532 SH CALL SOLE 1532 0 0 PNC FINL SVCS GROUP INC OPTION 693475105 1066 2060 SH PUT SOLE 2060 0 0 PENTAIR INC COM 709631105 414 12484 SH SOLE 12484 0 0 PINNACLE WEST CAP CORP COM 723484101 1192 30167 SH SOLE 30167 0 0 PEPCO HOLDINGS INC COM 713291102 3829 141399 SH SOLE 141399 0 0 PORTLAND GEN ELEC CO COM 736508847 15120 543900 SH SOLE 543900 0 0 CATALINA MARKETING CORP COM 148867104 5188 160165 SH SOLE 160165 0 0 PENWEST PHARMACEUTICALS CO OPTION 709754105 225 5000 SH PUT SOLE 5000 0 0 PPG INDS INC COM 693506107 4802 63560 SH SOLE 63560 0 0 PHARMACEUTICAL HLDRS TR DEPOSI COM 71712A206 5411 67600 SH SOLE 67600 0 0 PPL CORP COM 69351T106 9311 201103 SH SOLE 201103 0 0 POST PPTYS INC COM 737464107 2775 71710 SH SOLE 71710 0 0 PRA INTL COM 69353C101 726 24700 SH SOLE 24700 0 0 PARTNERRE LTD COM G6852T105 394 4982 SH SOLE 4982 0 0 PERFICIENT INC COM 71375U101 317 14500 SH SOLE 14500 0 0 PRIMUS GUARANTY LTD SHS COM G72457107 3156 300000 SH SOLE 300000 0 0 PRUDENTIAL FINL INC COM 744320102 16093 164916 SH SOLE 164916 0 0 PRUDENTIAL FINL INC OPTION 744320102 1846 4385 SH PUT SOLE 4385 0 0 PRUDENTIAL FINL INC OPTION 744320102 5316 7018 SH CALL SOLE 7018 0 0 PRUDENTIAL FINL INC BOND CV 744320AG7 819064 8000000 PRN SOLE 8000000 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 1144 61619 SH SOLE 61619 0 0 PHARMACEUTICAL RES INC BOND CV 717125AC2 367500 4000000 PRN SOLE 4000000 0 0 PAREXEL INTL CORP COM 699462107 429 10400 SH SOLE 10400 0 0 PUBLIC STORAGE COM 74460D109 14633 186054 SH SOLE 186054 0 0 PROSHARES TR SHORT QQQ PSHS COM 74347R602 496 9274 SH SOLE 9274 0 0 PORTUGAL TELECOM SGPS S A COM 737273102 1193 84975 SH SOLE 84975 0 0 PATTERSON UTI ENERGY INC COM 703481101 5290 234379 SH SOLE 234379 0 0 PETROCHINA CO LTD COM 71646E100 2396 12944 SH SOLE 12944 0 0 PETROCHINA CO LTD OPTION 71646E100 1014 315 SH CALL SOLE 315 0 0 PACTIV CORP COM 695257105 1940 67705 SH SOLE 67705 0 0 PROVIDENT ENERGY TR TR UNIT COM 74386K104 502 39559 SH SOLE 39559 0 0 QUANTA SVCS INC BOND CV 74762EAE2 396000 2999999 PRN SOLE 2999999 0 0 PRAXAIR INC COM 74005P104 26291 313886 SH SOLE 313886 0 0 PIONEER NAT RES CO COM 723787107 3242 72076 SH SOLE 72076 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 4830 527257 SH SOLE 527257 0 0 QUALCOMM INC COM 747525103 212696 5033036 SH SOLE 5033036 0 0 QUALCOMM INC OPTION 747525103 13173 49881 SH PUT SOLE 49881 0 0 QUALCOMM INC OPTION 747525103 5943 17534 SH CALL SOLE 17534 0 0 FLEXTRONICS INTL LTD OPTION Y2573F102 665 9262 SH PUT SOLE 9262 0 0 PROSHARES TR ULTRASHORT QQQ COM 74347R875 18786 484793 SH SOLE 484793 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page29 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- PROSHARES TR ULTRA QQQ PSHS COM 74347R206 1230 11375 SH SOLE 11375 0 0 QLOGIC CORP COM 747277101 1923 142976 SH SOLE 142976 0 0 POWERSHARES QQQ TRUST UNIT SER COM 73935A104 851545 16563793 SH SOLE 16563793 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 1281 54379 SH PUT SOLE 54379 0 0 POWERSHARES QQQ TRUST UNIT SER OPTION 73935A104 15407 16785 SH CALL SOLE 16785 0 0 RYDER SYS INC COM 783549108 890 18170 SH SOLE 18170 0 0 RITE AID CORP COM 767754104 492 106504 SH SOLE 106504 0 0 RITE AID CORP OPTION 767754104 411 27527 SH CALL SOLE 27527 0 0 RITE AID CORP OPTION 767754104 276 2400 SH PUT SOLE 2400 0 0 RAE SYS INC COM 75061P102 40 12000 SH SOLE 12000 0 0 REYNOLDS AMERICAN INC COM 761713106 5707 89742 SH SOLE 89742 0 0 FREIGHTCAR AMER INC COM 357023100 340 8900 SH SOLE 8900 0 0 RAIT FINANCIAL TRUST COM 749227104 175 21269 SH SOLE 21269 0 0 REGAL BELOIT CORP BOND CV 758750AB9 2399876 12723000 PRN SOLE 12723000 0 0 ROGERS COMMUNICATIONS INC CL B COM 775109200 437 9600 SH SOLE 9600 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1474 37772 SH SOLE 37772 0 0 ROYAL CARIBBEAN CRUISES LTD OPTION V7780T103 355 4174 SH CALL SOLE 4174 0 0 ROYAL CARIBBEAN CRUISES LTD OPTION V7780T103 1068 3450 SH PUT SOLE 3450 0 0 RC2 CORP COM 749388104 288 10400 SH SOLE 10400 0 0 ROWAN COS INC COM 779382100 1495 40878 SH SOLE 40878 0 0 RADIAN GROUP INC OPTION 750236101 6708 3101 SH PUT SOLE 3101 0 0 ROYAL DUTCH SHELL PLC SPONS COM 780259206 914 11116 SH SOLE 11116 0 0 ROYAL DUTCH SHELL PLC SPON COM 780259107 3517 42838 SH SOLE 42838 0 0 EVEREST RE GROUP LTD COM G3223R108 440 3987 SH SOLE 3987 0 0 REGENCY CTRS CORP COM 758849103 603 7859 SH SOLE 7859 0 0 REPSOL YPF S A COM 76026T205 2665 75057 SH SOLE 75057 0 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 8283 280983 SH SOLE 280983 0 0 REGAL ENTMT GROUP BOND CV 758766AB5 2408062 14270000 PRN SOLE 14270000 0 0 ROYAL GOLD INC COM 780287108 307 9363 SH SOLE 9363 0 0 ROBERT HALF INTL INC COM 770323103 1673 56032 SH SOLE 56032 0 0 RMR HOSPITALITY REAL ESTATE COM 74963J108 247 13200 SH SOLE 13200 0 0 TRANSOCEAN INC COM G90078109 40273 356241 SH SOLE 356241 0 0 RESEARCH IN MOTION LTD COM 760975102 36960 375041 SH SOLE 375041 0 0 COMPANHIA VALE DO RIO DOCE COM 204412209 164224 4840068 SH SOLE 4840068 0 0 COMPANHIA VALE DO RIO DOCE OPTION 204412209 631 10970 SH PUT SOLE 10970 0 0 COMPANHIA VALE DO RIO DOCE OPTION 204412209 14246 16172 SH CALL SOLE 16172 0 0 COMPANHIA VALE DO RIO DOCE SPONCOM 204412100 10685 375571 SH SOLE 375571 0 0 REGIONAL BK HOLDRS TR DEPOSITR COM 75902E100 128305 865000 SH SOLE 865000 0 0 POLO RALPH LAUREN CORP COM 731572103 5126 65923 SH SOLE 65923 0 0 RAMBUS INC DEL COM 750917106 3006 157279 SH SOLE 157279 0 0 RAMBUS INC DEL OPTION 750917106 538 2722 SH CALL SOLE 2722 0 0 RAMBUS INC DEL OPTION 750917106 206 2160 SH PUT SOLE 2160 0 0 ROHM & HAAS CO COM 775371107 14012 251698 SH SOLE 251698 0 0 ROCKWELL AUTOMATION INC COM 773903109 4205 60493 SH SOLE 60493 0 0 ROPER INDS INC NEW COM 776696106 933 14239 SH SOLE 14239 0 0 ROSS STORES INC COM 778296103 7873 307078 SH SOLE 307078 0 0 RAMCO-GERSHENSON PPTYS TR COM COM 751452202 7056 225858 SH SOLE 225858 0 0 RANGE RES CORP COM 75281A109 386 9495 SH SOLE 9495 0 0 DONNELLEY R R & SONS CO COM 257867101 2419 66154 SH SOLE 66154 0 0 RELIANT ENERGY INC COM 75952B105 1118 43669 SH SOLE 43669 0 0 RELIANT ENERGY INC OPTION 75952B105 640 3000 SH PUT SOLE 3000 0 0 RELIANT ENERGY INC OPTION 75952B105 723 900 SH CALL SOLE 900 0 0 RELIANCE STEEL & ALUMINUM CO COM 759509102 268 4738 SH SOLE 4738 0 0 REPUBLIC SVCS INC COM 760759100 17137 523909 SH SOLE 523909 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page30 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- RADIOSHACK CORP COM 750438103 1713 82924 SH SOLE 82924 0 0 RYDEX ETF TRUST S&P 500 EQ TRD COM 78355W106 1468 29356 SH SOLE 29356 0 0 RADISYS CORP BOND CV 750459AD1 1793248 19439000 PRN SOLE 19439000 0 0 RETAIL HOLDRS TR DEP RCPT COM 76127U101 76459 764060 SH SOLE 764060 0 0 RAYTHEON CO COM 755111507 182889 2865698 SH SOLE 2865698 0 0 RAYTHEON CO OPTION 755111507 1221 2047 SH CALL SOLE 2047 0 0 REUTERS GROUP PLC COM 76132M102 227 2863 SH SOLE 2863 0 0 COHEN & STEERS REIT & UTIL I COM 19247Y108 3625 173800 SH SOLE 173800 0 0 RESEARCH IN MOTION LTD OPTION 760975102 22521 6450 SH CALL SOLE 6450 0 0 REDWOOD TR INC COM 758075402 3462 104224 SH SOLE 104224 0 0 IMS HEALTH INC COM 449934108 2434 79425 SH SOLE 79425 0 0 RYANAIR HLDGS PLC COM 783513104 3131 75418 SH SOLE 75418 0 0 RYERSON INC COM 78375P107 1488 44102 SH SOLE 44102 0 0 CLAYMORE RAYMOND JAMES SB1 E COM 183833102 14205 724368 SH SOLE 724368 0 0 RYLAND GROUP INC COM 783764103 4621 215627 SH SOLE 215627 0 0 RYLAND GROUP INC OPTION 783764103 4039 2845 SH PUT SOLE 2845 0 0 RAYONIER INC COM 754907103 26962 561247 SH SOLE 561247 0 0 SPRINT NEXTEL CORP COM FON COM 852061100 129296 6805033 SH SOLE 6805033 0 0 SPRINT NEXTEL CORP COM FON OPTION 852061100 3780 19351 SH PUT SOLE 19351 0 0 SPRINT NEXTEL CORP COM FON OPTION 852061100 1922 17227 SH CALL SOLE 17227 0 0 SAFECO CORP COM 786429100 24790 404933 SH SOLE 404933 0 0 SONIC AUTOMOTIVE INC COM 83545G102 1341 56000 SH SOLE 56000 0 0 SONIC AUTOMOTIVE INC BOND CV 83545GAK8 1014964 8845000 PRN SOLE 8845000 0 0 BANCO SANTANDER CHILE NEW SP COM 05965X109 238 4700 SH SOLE 4700 0 0 SANMINA SCI CORP COM 800907107 36 16751 SH SOLE 16751 0 0 SAP AKTIENGESELLSCHAFT COM 803054204 21887 373061 SH SOLE 373061 0 0 SAP AKTIENGESELLSCHAFT OPTION 803054204 379 701 SH CALL SOLE 701 0 0 SATYAM COMPUTER SERVICES LTD COM 804098101 558 21547 SH SOLE 21547 0 0 SBA COMMUNICATIONS CORP COM 78388J106 3165 89717 SH SOLE 89717 0 0 SALLY BEAUTY HLDGS INC COM 79546E104 545 64486 SH SOLE 64486 0 0 STARBUCKS CORP COM 855244109 74791 2854600 SH SOLE 2854600 0 0 STARBUCKS CORP OPTION 855244109 456 7613 SH CALL SOLE 7613 0 0 STARBUCKS CORP OPTION 855244109 2469 6492 SH PUT SOLE 6492 0 0 LMP CAP & INCOME FD INC COM 50208A102 336 17000 SH SOLE 17000 0 0 SCANA CORP NEW COM 80589M102 375 9671 SH SOLE 9671 0 0 SCHOLASTIC CORP COM 807066105 876 25120 SH SOLE 25120 0 0 SCHWAB CHARLES CORP NEW COM 808513105 71778 3323041 SH SOLE 3323041 0 0 SCHWAB CHARLES CORP NEW OPTION 808513105 802 3696 SH CALL SOLE 3696 0 0 STEELCASE INC COM 858155203 5487 305200 SH SOLE 305200 0 0 SADIA S A SP COM 786326108 1252 22479 SH SOLE 22479 0 0 PROSHARES TR ULTRASHT SP500 COM 74347R883 18661 368290 SH SOLE 368290 0 0 SPECTRA ENERGY CORP COM 847560109 22351 913044 SH SOLE 913044 0 0 SEALED AIR CORP NEW COM 81211K100 1846 72230 SH SOLE 72230 0 0 SEMCO ENERGY INC COM 78412D109 3523 446576 SH SOLE 446576 0 0 SEPRACOR INC COM 817315104 1782 64783 SH SOLE 64783 0 0 SEPRACOR INC BOND CV 817315AW4 1069500 11999999 PRN SOLE 11999999 0 0 SMITHFIELD FOODS INC COM 832248108 2021 64163 SH SOLE 64163 0 0 SMITHFIELD FOODS INC OPTION 832248108 407 2880 SH PUT SOLE 2880 0 0 SMITHFIELD FOODS INC OPTION 832248108 1019 6800 SH CALL SOLE 6800 0 0 ISTAR FINL INC COM 45031U101 3079 90600 SH SOLE 90600 0 0 SCHERING PLOUGH CORP COM 806605101 31757 1004022 SH SOLE 1004022 0 0 SCHERING PLOUGH CORP OPTION 806605101 429 6410 SH PUT SOLE 6410 0 0 SCHERING PLOUGH CORP OPTION 806605101 5210 5550 SH CALL SOLE 5550 0 0 SHAW GROUP INC COM 820280105 883 15200 SH SOLE 15200 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page31 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SHANGHAI CENTURY ACQUISIT CO U COM G80637120 237 23299 SH SOLE 23299 0 0 SEARS HLDGS CORP COM 812350106 30935 243199 SH SOLE 243199 0 0 SEARS HLDGS CORP OPTION 812350106 801 7167 SH CALL SOLE 7167 0 0 SEARS HLDGS CORP OPTION 812350106 10805 3877 SH PUT SOLE 3877 0 0 SHIRE PLC COM 82481R106 717 9694 SH SOLE 9694 0 0 SHERWIN WILLIAMS CO COM 824348106 2258 34359 SH SOLE 34359 0 0 ISHARES TR 1-3 YR TRS BD COM 464287457 991 12200 SH SOLE 12200 0 0 SIEMENS A G COM 826197501 21449 156276 SH SOLE 156276 0 0 SIGMA ALDRICH CORP COM 826552101 7266 149073 SH SOLE 149073 0 0 COMPANHIA SIDERURGICA NACION COM 20440W105 12683 179850 SH SOLE 179850 0 0 SMITH INTL INC COM 832110100 11886 166471 SH SOLE 166471 0 0 SMITH INTL INC OPTION 832110100 508 442 SH CALL SOLE 442 0 0 APEX SILVER MINES LTD COM G04074103 862 44343 SH SOLE 44343 0 0 GRUPO SIMEC S A B DE C V COM 400491106 3277 313888 SH SOLE 313888 0 0 SIRF TECHNOLOGY HLDGS INC COM 82967H101 320 15000 SH SOLE 15000 0 0 SIRIUS SATELLITE RADIO INC COM 82966U103 3640 1043089 SH SOLE 1043089 0 0 SIRIUS SATELLITE RADIO INC OPTION 82966U103 494 25860 SH CALL SOLE 25860 0 0 SIRIUS SATELLITE RADIO INC OPTION 82966U103 364 2276 SH PUT SOLE 2276 0 0 SIX FLAGS INC COM 83001P109 363 105019 SH SOLE 105019 0 0 SIX FLAGS INC OPTION 83001P109 223 1280 SH PUT SOLE 1280 0 0 SIX FLAGS INC PIERS COM 83001P505 11401 541600 SH SOLE 541600 0 0 SK TELECOM LTD COM 78440P108 1518 51109 SH SOLE 51109 0 0 SKECHERS U S A INC COM 830566105 599 27100 SH SOLE 27100 0 0 SKYWEST INC COM 830879102 3977 158000 SH SOLE 158000 0 0 SILICON LABORATORIES INC COM 826919102 369 8833 SH SOLE 8833 0 0 SCHLUMBERGER LTD COM 806857108 60096 572340 SH SOLE 572340 0 0 SCHLUMBERGER LTD OPTION 806857108 2040 16892 SH PUT SOLE 16892 0 0 SCHLUMBERGER LTD OPTION 806857108 39753 14089 SH CALL SOLE 14089 0 0 SARA LEE CORP COM 803111103 24003 1438149 SH SOLE 1438149 0 0 SL GREEN RLTY CORP COM 78440X101 558 4781 SH SOLE 4781 0 0 SLM CORP COM 78442P106 67876 1366537 SH SOLE 1366537 0 0 SLM CORP OPTION 78442P106 3849 14843 SH PUT SOLE 14843 0 0 SLM CORP OPTION 78442P106 2427 8551 SH CALL SOLE 8551 0 0 SOLECTRON CORP COM 834182107 1020 261585 SH SOLE 261585 0 0 ISHARES SILVER TRUST ISHARES COM 46428Q109 592 4335 SH SOLE 4335 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTCOM 816636203 111587 2913500 SH SOLE 2913500 0 0 STEIN MART INC COM 858375108 3409 448000 SH SOLE 448000 0 0 STANDARD MICROSYSTEMS CORP COM 853626109 615 16000 SH SOLE 16000 0 0 SNAP ON INC COM 833034101 995 20076 SH SOLE 20076 0 0 SHANDA INTERACTIVE ENTMT LTD COM 81941Q203 383 10306 SH SOLE 10306 0 0 SANDISK CORP COM 80004C101 9581 173880 SH SOLE 173880 0 0 SANDISK CORP OPTION 80004C101 562 5279 SH PUT SOLE 5279 0 0 SANDISK CORP OPTION 80004C101 1416 3876 SH CALL SOLE 3876 0 0 SANDISK CORP BOND CV 80004CAC5 1900000 20000000 PRN SOLE 20000000 0 0 SONY CORP COM 835699307 231 4800 SH SOLE 4800 0 0 SMITH & NEPHEW PLC SPDN COM 83175M205 343 5608 SH SOLE 5608 0 0 CHINA PETE & CHEM CORP SPON COM 16941R108 936 7600 SH SOLE 7600 0 0 CHINA PETE & CHEM CORP SPON OPTION 16941R108 352 250 SH CALL SOLE 250 0 0 SYNOPSYS INC COM 871607107 246 9076 SH SOLE 9076 0 0 SYNOVUS FINL CORP COM 87161C105 7133 254299 SH SOLE 254299 0 0 SANOFI AVENTIS COM 80105N105 2279 53716 SH SOLE 53716 0 0 SOUTHERN CO COM 842587107 11121 306545 SH SOLE 306545 0 0 SONOCO PRODS CO COM 835495102 291 9626 SH SOLE 9626 0 0 SOVEREIGN BANCORP INC COM 845905108 4749 278684 SH SOLE 278684 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page32 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SOVEREIGN BANCORP INC OPTION 845905108 267 3940 SH CALL SOLE 3940 0 0 SOVEREIGN BANCORP INC OPTION 845905108 2429 3560 SH PUT SOLE 3560 0 0 STANDARD PAC CORP NEW COM 85375C101 768 139819 SH SOLE 139819 0 0 STANDARD PAC CORP NEW OPTION 85375C101 1670 1000 SH PUT SOLE 1000 0 0 SIMON PPTY GROUP INC NEW COM 828806109 18484 184837 SH SOLE 184837 0 0 SIMON PPTY GROUP INC NEW OPTION 828806109 525 750 SH PUT SOLE 750 0 0 SIMON PPTY GROUP INC NEW PFD C COM 828806802 78419 975000 SH SOLE 975000 0 0 SILICONWARE PRECISION INDS L S COM 827084864 809 66887 SH SOLE 66887 0 0 STAPLES INC COM 855030102 14922 694369 SH SOLE 694369 0 0 SPX CORP COM 784635104 1473 15912 SH SOLE 15912 0 0 SUNPOWER CORP COM COM 867652109 3392 40954 SH SOLE 40954 0 0 SPDR TR UNIT SER 1 COM 78462F103 1842222 12073808 SH SOLE 12073808 0 0 SEQUA CORPORATION COM 817320104 1137 6860 SH SOLE 6860 0 0 SOCIEDAD QUIMICA MINERA DE C S COM 833635105 334 1934 SH SOLE 1934 0 0 SEMPRA ENERGY COM 816851109 96726 1664245 SH SOLE 1664245 0 0 SMURFIT-STONE CONTAINER CORP OPTION 832727101 463 6123 SH PUT SOLE 6123 0 0 SASOL LTD COM 803866300 1710 39787 SH SOLE 39787 0 0 PROSHARES TR ULTRA S&P 500 COM 74347R107 3599 37691 SH SOLE 37691 0 0 SCRIPPS E W CO OHIO COM 811054204 1086 25851 SH SOLE 25851 0 0 BANCO SANTANDER CENT HISPANO COM 05964H105 4912 254353 SH SOLE 254353 0 0 SUNTRUST BKS INC COM 867914103 44990 594556 SH SOLE 594556 0 0 SUNTRUST BKS INC OPTION 867914103 374 2220 SH CALL SOLE 2220 0 0 SUNTRUST BKS INC OPTION 867914103 1999 5062 SH PUT SOLE 5062 0 0 ST JUDE MED INC COM 790849103 8935 202738 SH SOLE 202738 0 0 SUNOPTA INC COM 8676EP108 150 10350 SH SOLE 10350 0 0 STEEL DYNAMICS INC COM 858119100 246 5259 SH SOLE 5259 0 0 STMICROELECTRONICS N V NY REGI COM 861012102 878 52400 SH SOLE 52400 0 0 STATION CASINOS INC COM 857689103 752 8592 SH SOLE 8592 0 0 STATION CASINOS INC OPTION 857689103 422 1167 SH CALL SOLE 1167 0 0 SUNTECH PWR HLDGS CO LTD COM 86800C104 2938 73633 SH SOLE 73633 0 0 QUESTAR CORP COM 748356102 3994 76027 SH SOLE 76027 0 0 STRATTEC SEC CORP COM 863111100 446 9504 SH SOLE 9504 0 0 STATE STR CORP COM 857477103 46020 675173 SH SOLE 675173 0 0 STATE STR CORP OPTION 857477103 999 5011 SH PUT SOLE 5011 0 0 STATE STR CORP OPTION 857477103 2332 3794 SH CALL SOLE 3794 0 0 SEAGATE TECHNOLOGY SHS COM G7945J104 526 20562 SH SOLE 20562 0 0 CONSTELLATION BRANDS INC COM 21036P108 1554 64187 SH SOLE 64187 0 0 SUNCOR ENERGY INC COM 867229106 10351 109178 SH SOLE 109178 0 0 SUNCOR ENERGY INC OPTION 867229106 738 2309 SH PUT SOLE 2309 0 0 SUNCOR ENERGY INC OPTION 867229106 685 441 SH CALL SOLE 441 0 0 SOUTHERN UN CO NEW COM 844030106 2744 88209 SH SOLE 88209 0 0 SUMMER INFANT INC UNIT 04/20/2 COM 865646202 366 69100 SH SOLE 69100 0 0 SUNOCO INC COM 86764P109 4694 66315 SH SOLE 66315 0 0 SUNOCO INC OPTION 86764P109 546 2600 SH PUT SOLE 2600 0 0 SUPERIOR INDS INTL INC COM 868168105 2453 113073 SH SOLE 113073 0 0 SUPERGEN INC COM 868059106 136 31299 SH SOLE 31299 0 0 SUPERTEX INC COM 868532102 858 21514 SH SOLE 21514 0 0 SUPERVALU INC COM 868536103 2127 54533 SH SOLE 54533 0 0 STILLWATER MNG CO COM 86074Q102 352 34200 SH SOLE 34200 0 0 SOFTWARE HOLDRS TR DEPOSITRY R COM 83404B103 4321 100000 SH SOLE 100000 0 0 STANLEY WKS COM 854616109 1491 26557 SH SOLE 26557 0 0 SOUTHWESTERN ENERGY CO COM 845467109 1203 28745 SH SOLE 28745 0 0 SAFEWAY INC COM 786514208 28357 856436 SH SOLE 856436 0 0 SPDR TR UNIT SER 1 OPTION 78462F103 2240 1564 SH CALL SOLE 1564 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page33 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- STRYKER CORP COM 863667101 8755 127321 SH SOLE 127321 0 0 SYMANTEC CORP COM 871503108 27555 1421835 SH SOLE 1421835 0 0 SYMANTEC CORP OPTION 871503108 336 5805 SH PUT SOLE 5805 0 0 SYMANTEC CORP OPTION 871503108 813 5486 SH CALL SOLE 5486 0 0 SYNGENTA AG COM 87160A100 629 14522 SH SOLE 14522 0 0 SYSCO CORP COM 871829107 14411 404909 SH SOLE 404909 0 0 SYSCO CORP OPTION 871829107 205 1365 SH CALL SOLE 1365 0 0 SUEZ COM 864686100 690 11742 SH SOLE 11742 0 0 AT&T INC COM 00206R102 463710 10959809 SH SOLE 10959809 0 0 AT&T INC OPTION 00206R102 8150 79337 SH PUT SOLE 79337 0 0 AT&T INC OPTION 00206R102 50356 65125 SH CALL SOLE 65125 0 0 TAM SA SP COM 87484D103 6223 227124 SH SOLE 227124 0 0 MOLSON COORS BREWING CO CL B COM 60871R209 1766 17720 SH SOLE 17720 0 0 TCF FINL CORP COM 872275102 251 9594 SH SOLE 9594 0 0 TELEPHONE & DATA SYS INC COM 879433100 327 4906 SH SOLE 4906 0 0 TIDEWATER INC COM 886423102 846 13469 SH SOLE 13469 0 0 TECO ENERGY INC COM 872375100 1385 84325 SH SOLE 84325 0 0 TELEFONICA S A COM 879382208 5721 68267 SH SOLE 68267 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 953 18594 SH SOLE 18594 0 0 TEKTRONIX INC COM 879131100 734 26477 SH SOLE 26477 0 0 TYCO ELECTRONICS LTD COM G9144P105 7386 208475 SH SOLE 208475 0 0 TYCO ELECTRONICS LTD OPTION G9144P105 265 1000 SH CALL SOLE 1000 0 0 TENNECO INC COM 880349105 471 15200 SH SOLE 15200 0 0 TERADYNE INC COM 880770102 831 60242 SH SOLE 60242 0 0 TEVA PHARMACEUTICAL INDS LTD COM 881624209 31974 718997 SH SOLE 718997 0 0 TEVA PHARMACEUTICAL INDS LTD OPTION 881624209 250 2180 SH PUT SOLE 2180 0 0 TEVA PHARMACEUTICAL INDS LTD OPTION 881624209 300 425 SH CALL SOLE 425 0 0 TEREX CORP NEW COM 880779103 4987 56018 SH SOLE 56018 0 0 TELEFLEX INC COM 879369106 1094 14036 SH SOLE 14036 0 0 TREDEGAR CORP COM 894650100 481 27900 SH SOLE 27900 0 0 TARGET CORP COM 87612E106 1381240 21727863 SH SOLE 21727863 0 0 TARGET CORP OPTION 87612E106 41578 152063 SH PUT SOLE 152063 0 0 TARGET CORP OPTION 87612E106 24260 26670 SH CALL SOLE 26670 0 0 TENET HEALTHCARE CORP COM 88033G100 486 144671 SH SOLE 144671 0 0 TENET HEALTHCARE CORP OPTION 88033G100 3332 8329 SH PUT SOLE 8329 0 0 TIM HORTONS INC COM 88706M103 214 6126 SH SOLE 6126 0 0 THQ INC COM 872443403 408 16350 SH SOLE 16350 0 0 THERAVANCE INC COM 88338T104 1819 69713 SH SOLE 69713 0 0 TREEHOUSE FOODS INC COM 89469A104 411 15200 SH SOLE 15200 0 0 TELECOM ITALIA S P A NEW SPON COM 87927Y102 1559 51500 SH SOLE 51500 0 0 TITANIUM METALS CORP COM 888339207 1060 31600 SH SOLE 31600 0 0 TIFFANY & CO NEW COM 886547108 9303 177712 SH SOLE 177712 0 0 TEMPLE INLAND INC COM 879868107 112291 2133595 SH SOLE 2133595 0 0 ISHARES TR US TIPS BD FD COM 464287176 1396 13679 SH SOLE 13679 0 0 TIVO INC COM 888706108 2567 404321 SH SOLE 404321 0 0 TJX COS INC NEW COM 872540109 5322 183082 SH SOLE 183082 0 0 TEEKAY CORPORATION COM Y8564W103 3947 67114 SH SOLE 67114 0 0 TURKCELL ILETISIM HIZMETLERI S COM 900111204 1104 51900 SH SOLE 51900 0 0 TELLABS INC COM 879664100 25734 2703177 SH SOLE 2703177 0 0 TELLABS INC OPTION 879664100 1330 19985 SH CALL SOLE 19985 0 0 TELLABS INC OPTION 879664100 4298 19764 SH PUT SOLE 19764 0 0 P T TELEKOMUNIKASI INDONESIA COM 715684106 258 5282 SH SOLE 5282 0 0 TALISMAN ENERGY INC COM 87425E103 1814 92100 SH SOLE 92100 0 0 THORNBURG MTG INC OPTION 885218107 208 3690 SH PUT SOLE 3690 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page34 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TELEMIG CELULAR PART S A SPON COM 87944E105 475 8100 SH SOLE 8100 0 0 TORCHMARK CORP COM 891027104 2070 33215 SH SOLE 33215 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 8729 151227 SH SOLE 151227 0 0 THERMO FISHER SCIENTIFIC INC OPTION 883556102 2340 500 SH CALL SOLE 500 0 0 THOMSON COM 885118109 323 21200 SH SOLE 21200 0 0 TELEFONOS DE MEXICO S A B SPON COM 879403780 118291 3598745 SH SOLE 3598745 0 0 THOMAS & BETTS CORP COM 884315102 1503 25625 SH SOLE 25625 0 0 TELE NORTE LESTE PART S A SPON COM 879246106 2940 130916 SH SOLE 130916 0 0 TERRA NITROGEN CO L P COM UNIT COM 881005201 1103 8700 SH SOLE 8700 0 0 TOUSA INC COM 872962105 135 83550 SH SOLE 83550 0 0 TOUSA INC OPTION 872962105 10352 10050 SH PUT SOLE 10050 0 0 TOLL BROTHERS INC COM 889478103 19631 982034 SH SOLE 982034 0 0 TOLL BROTHERS INC OPTION 889478103 12269 14089 SH PUT SOLE 14089 0 0 TIERONE CORP COM 88650R108 418 15800 SH SOLE 15800 0 0 NOVAMERICAN STL INC COM 669959108 1719 33915 SH SOLE 33915 0 0 TOPPS INC COM 890786106 993 102440 SH SOLE 102440 0 0 TOTAL S A COM 89151E109 3380 41708 SH SOLE 41708 0 0 THOMAS PPTYS GROUP INC COM 884453101 2499 208290 SH SOLE 208290 0 0 TRIBUNE CO NEW COM 896047107 2592 94888 SH SOLE 94888 0 0 PRICE T ROWE GROUP INC COM 74144T108 9666 173566 SH SOLE 173566 0 0 TRAVELERS COMPANIES INC COM 89417E109 225710 4483720 SH SOLE 4483720 0 0 TENARIS S A COM 88031M109 607 11538 SH SOLE 11538 0 0 TAIWAN SEMICONDUCTOR MFG LTD COM 874039100 2888 285359 SH SOLE 285359 0 0 TYSON FOODS INC COM 902494103 1658 92880 SH SOLE 92880 0 0 TYSON FOODS INC OPTION 902494103 338 1954 SH PUT SOLE 1954 0 0 TESORO CORP COM 881609101 2905 63134 SH SOLE 63134 0 0 TESORO CORP OPTION 881609101 1165 2922 SH PUT SOLE 2922 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 911 24300 SH SOLE 24300 0 0 TOTAL SYS SVCS INC COM 891906109 995 35800 SH SOLE 35800 0 0 TELECOM HLDRS TR DEPOSITRY RCPTCOM 87927P200 4142 100000 SH SOLE 100000 0 0 TUPPERWARE BRANDS CORP COM 899896104 667 21173 SH SOLE 21173 0 0 GRUPO TELEVISA SA DE CV SP COM 40049J206 8703 360062 SH SOLE 360062 0 0 21ST CENTY INS GROUP COM 90130N103 330 15000 SH SOLE 15000 0 0 TWEEN BRANDS INC COM 901166108 552 16800 SH SOLE 16800 0 0 TIME WARNER CABLE INC COM 88732J108 8390 255784 SH SOLE 255784 0 0 PROSHARES TR ULTSHR RU20000 COM 74347R834 962 14600 SH SOLE 14600 0 0 TIME WARNER TELECOM INC COM 887319101 2457 111823 SH SOLE 111823 0 0 TIME WARNER INC COM 887317105 208256 11342939 SH SOLE 11342939 0 0 TIME WARNER INC OPTION 887317105 2188 43888 SH CALL SOLE 43888 0 0 TIME WARNER INC OPTION 887317105 9049 48398 SH PUT SOLE 48398 0 0 TIME WARNER TELECOM INC DBCV 2 BOND CV 887319AC5 1204875 9000000 PRN SOLE 9000000 0 0 TEXAS INDS INC COM 882491103 611 7780 SH SOLE 7780 0 0 TEXAS INSTRS INC COM 882508104 36702 1003059 SH SOLE 1003059 0 0 TEXAS INSTRS INC OPTION 882508104 3731 40556 SH PUT SOLE 40556 0 0 TEXAS INSTRS INC OPTION 882508104 8441 25924 SH CALL SOLE 25924 0 0 TEXTRON INC COM 883203101 341637 5491681 SH SOLE 5491681 0 0 TXU CORP COM 873168108 704608 10290751 SH SOLE 10290751 0 0 TRI CONTL CORP COM 895436103 495 20428 SH SOLE 20428 0 0 TYCO INTL LTD BERMUDA SHS COM G9143X208 11207 252755 SH SOLE 252755 0 0 UAL CORP COM 902549807 23408 503072 SH SOLE 503072 0 0 UAL CORP OPTION 902549807 1883 5615 SH PUT SOLE 5615 0 0 UAL CORP OPTION 902549807 8681 7346 SH CALL SOLE 7346 0 0 UNIONBANCAL CORP COM 908906100 377 6451 SH SOLE 6451 0 0 UNIBANCO-UNIAO DE BANCOS BRA G COM 90458E107 6087 46273 SH SOLE 46273 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page35 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- UBS AG SHS COM H89231338 1578 29640 SH SOLE 29640 0 0 UNITED CMNTY BKS BLAIRSVLE G C COM 90984P105 1089 44400 SH SOLE 44400 0 0 UDR INC COM 902653104 378 15553 SH SOLE 15553 0 0 UNIVERSAL FST PRODS INC COM 913543104 311 10400 SH SOLE 10400 0 0 DOMTAR CORP COM 257559104 141 17252 SH SOLE 17252 0 0 UGI CORP NEW COM 902681105 282 10872 SH SOLE 10872 0 0 UNISYS CORP COM 909214108 787 118818 SH SOLE 118818 0 0 UNISYS CORP OPTION 909214108 822 6678 SH PUT SOLE 6678 0 0 UNILEVER PLC SPON COM 904767704 701 22149 SH SOLE 22149 0 0 ULTRAPETROL BAHAMAS LTD COM P94398107 224 13500 SH SOLE 13500 0 0 UNITED MICROELECTRONICS CORP COM 910873207 630 175435 SH SOLE 175435 0 0 UNILEVER N V N Y SHS COM 904784709 5867 190165 SH SOLE 190165 0 0 UNITEDHEALTH GROUP INC COM 91324P102 73584 1519389 SH SOLE 1519389 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 5168 13559 SH PUT SOLE 13559 0 0 UNITEDHEALTH GROUP INC OPTION 91324P102 2771 14488 SH CALL SOLE 14488 0 0 UNUM GROUP COM 91529Y106 3691 150853 SH SOLE 150853 0 0 UNION PAC CORP COM 907818108 27156 240187 SH SOLE 240187 0 0 UNION PAC CORP OPTION 907818108 561 2279 SH PUT SOLE 2279 0 0 UNION PAC CORP OPTION 907818108 5481 3539 SH CALL SOLE 3539 0 0 UNIT CORP COM 909218109 9937 205310 SH SOLE 205310 0 0 UNITED ONLINE INC COM 911268100 632 42100 SH SOLE 42100 0 0 ULTRA PETROLEUM CORP COM 903914109 1577 25418 SH SOLE 25418 0 0 ULTRA PETROLEUM CORP OPTION 903914109 595 571 SH CALL SOLE 571 0 0 UNITED PARCEL SERVICE INC CL B COM 911312106 93851 1249678 SH SOLE 1249678 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 2002 9000 SH PUT SOLE 9000 0 0 UNITED PARCEL SERVICE INC CL B OPTION 911312106 3482 14817 SH CALL SOLE 14817 0 0 UNITED RENTALS INC COM 911363109 26034 809250 SH SOLE 809250 0 0 LIBERTY ALL STAR EQUITY FD SH COM 530158104 143 17400 SH SOLE 17400 0 0 US BANCORP DEL COM 902973304 93157 2863735 SH SOLE 2863735 0 0 US BANCORP DEL OPTION 902973304 3043 20325 SH PUT SOLE 20325 0 0 US BANCORP DEL OPTION 902973304 3460 29426 SH CALL SOLE 29426 0 0 US BIOENERGY CORP COM 90342V109 636 82463 SH SOLE 82463 0 0 U S G CORP COM 903293405 421 11225 SH SOLE 11225 0 0 UNITED STATES CELLULAR CORP COM 911684108 628 6400 SH SOLE 6400 0 0 USA MOBILITY INC COM 90341G103 349 20700 SH SOLE 20700 0 0 UST INC COM 902911106 4092 82510 SH SOLE 82510 0 0 USEC INC COM 90333E108 1724 168211 SH SOLE 168211 0 0 COHEN & STEERS SELECT UTIL F COM 19248A109 5216 200007 SH SOLE 200007 0 0 REAVES UTIL INCOME FD COM SH B COM 756158101 1457 57600 SH SOLE 57600 0 0 UTILITIES HOLDRS TR DEPOSITRY COM 918019100 72775 502800 SH SOLE 502800 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 2469 37103 SH SOLE 37103 0 0 UNITED THERAPEUTICS CORP DEL OPTION 91307C102 6443 10947 SH PUT SOLE 10947 0 0 UNITED THERAPEUTICS CORP DEL OPTION 91307C102 6545 10282 SH CALL SOLE 10282 0 0 UNITED THERAPEUTICS CORP DEL BOND CV 91307CAD4 1083750 10000000 PRN SOLE 10000000 0 0 UNITED TECHNOLOGIES CORP COM 913017109 42662 530099 SH SOLE 530099 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 1443 15250 SH PUT SOLE 15250 0 0 UNITED TECHNOLOGIES CORP OPTION 913017109 14270 12228 SH CALL SOLE 12228 0 0 MARVELL TECHNOLOGY GROUP LTD OPTION G5876H105 211 1406 SH PUT SOLE 1406 0 0 VARIAN MED SYS INC COM 92220P105 2259 53930 SH SOLE 53930 0 0 VISTEON CORP OPTION 92839U107 3073 17150 SH PUT SOLE 17150 0 0 VALUECLICK INC COM 92046N102 323 14388 SH SOLE 14388 0 0 VOTORANTIM CELULOSE E PAPEL COM 92906P106 1544 53952 SH SOLE 53952 0 0 CHECK POINT SOFTWARE TECH LT OPTION M22465104 248 1861 SH CALL SOLE 1861 0 0 VEOLIA ENVIRONNEMENT COM 92334N103 2955 34310 SH SOLE 34310 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page36 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- VEECO INSTRS INC DEL COM 922417100 273 14075 SH SOLE 14075 0 0 GLOBALSANTAFE CORP SHS OPTION G3930E101 3656 4247 SH CALL SOLE 4247 0 0 GLOBALSANTAFE CORP SHS OPTION G3930E101 762 4895 SH PUT SOLE 4895 0 0 V F CORP COM 918204108 24111 298586 SH SOLE 298586 0 0 VIACOM INC NEW CL B COM 92553P201 8247 211617 SH SOLE 211617 0 0 VIACOM INC NEW CL B OPTION 92553P201 872 5309 SH PUT SOLE 5309 0 0 VIACOM INC NEW CL B OPTION 92553P201 924 7179 SH CALL SOLE 7179 0 0 OPEN JT STK CO-VIMPEL COMMUN COM 68370R109 1402 51867 SH SOLE 51867 0 0 VIVO PARTICIPACOES S A SPON COM 92855S101 830 167277 SH SOLE 167277 0 0 MERIDIAN BIOSCIENCE INC COM 589584101 528 17400 SH SOLE 17400 0 0 NOBLE CORPORATION SHS OPTION G65422100 696 2305 SH CALL SOLE 2305 0 0 NOBLE CORPORATION SHS OPTION G65422100 322 815 SH PUT SOLE 815 0 0 VALERO ENERGY CORP NEW COM 91913Y100 47656 709381 SH SOLE 709381 0 0 VALERO ENERGY CORP NEW OPTION 91913Y100 6359 15120 SH PUT SOLE 15120 0 0 VALERO ENERGY CORP NEW OPTION 91913Y100 7673 16703 SH CALL SOLE 16703 0 0 VALLEY NATL BANCORP COM 919794107 3280 147872 SH SOLE 147872 0 0 VULCAN MATLS CO COM 929160109 3418 38339 SH SOLE 38339 0 0 VIRGIN MEDIA INC COM 92769L101 118449 4880479 SH SOLE 4880479 0 0 VIRGIN MEDIA INC OPTION 92769L101 318 1317 SH PUT SOLE 1317 0 0 VORNADO RLTY TR SH BEN INT COM 929042109 14990 137081 SH SOLE 137081 0 0 VANGUARD INDEX FDS REIT ETF COM 922908553 14835 207600 SH SOLE 207600 0 0 VODAFONE GROUP PLC NEW SPONS COM 92857W209 2245 61858 SH SOLE 61858 0 0 TRANSOCEAN INC OPTION G90078109 6930 3533 SH CALL SOLE 3533 0 0 TRANSOCEAN INC OPTION G90078109 788 6887 SH PUT SOLE 6887 0 0 VOLVO AKTIEBOLAGET COM 928856400 801 46181 SH SOLE 46181 0 0 BOWATER INC OPTION 102183100 4434 7407 SH PUT SOLE 7407 0 0 VIROPHARMA INC COM 928241108 631 70900 SH SOLE 70900 0 0 VENOCO INC COM 92275P307 698 40700 SH SOLE 40700 0 0 VERISIGN INC COM 92343E102 34498 1022475 SH SOLE 1022475 0 0 VERISIGN INC OPTION 92343E102 1772 3293 SH CALL SOLE 3293 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 4322 112527 SH SOLE 112527 0 0 VERASUN ENERGY CORP COM 92336G106 696 63271 SH SOLE 63271 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 219 16828 SH SOLE 16828 0 0 VIDESH SANCHAR NIGAM LTD SPON COM 92659G600 227 10365 SH SOLE 10365 0 0 VENTAS INC COM 92276F100 9338 225551 SH SOLE 225551 0 0 VIAD CORP COM 92552R406 2138 59400 SH SOLE 59400 0 0 VERIZON COMMUNICATIONS COM 92343V104 209582 4733108 SH SOLE 4733108 0 0 VERIZON COMMUNICATIONS OPTION 92343V104 6705 53985 SH PUT SOLE 53985 0 0 VERIZON COMMUNICATIONS OPTION 92343V104 33353 51681 SH CALL SOLE 51681 0 0 WALGREEN CO COM 931422109 26614 563383 SH SOLE 563383 0 0 WALGREEN CO OPTION 931422109 318 7279 SH PUT SOLE 7279 0 0 WALGREEN CO OPTION 931422109 404 4681 SH CALL SOLE 4681 0 0 WATERS CORP COM 941848103 3056 45671 SH SOLE 45671 0 0 WACHOVIA CORP NEW COM 929903102 76194 1519320 SH SOLE 1519320 0 0 WACHOVIA CORP NEW OPTION 929903102 2830 20630 SH CALL SOLE 20630 0 0 WACHOVIA CORP NEW OPTION 929903102 12446 31795 SH PUT SOLE 31795 0 0 WABCO HLDGS INC COM 92927K102 24893 532462 SH SOLE 532462 0 0 WIMM BILL DANN FOODS OJSC COM 97263M109 572 5235 SH SOLE 5235 0 0 WELLCARE HEALTH PLANS INC COM 94946T106 1150 10907 SH SOLE 10907 0 0 WCI CMNTYS INC COM 92923C104 211 35290 SH SOLE 35290 0 0 WCI CMNTYS INC OPTION 92923C104 424 480 SH PUT SOLE 480 0 0 WESTERN DIGITAL CORP COM 958102105 1385 54697 SH SOLE 54697 0 0 WISCONSIN ENERGY CORP COM 976657106 16569 367955 SH SOLE 367955 0 0 WENDYS INTL INC COM 950590109 1869 53547 SH SOLE 53547 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page37 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- WELLS FARGO & CO NEW COM 949746101 89019 2499141 SH SOLE 2499141 0 0 WELLS FARGO & CO NEW OPTION 949746101 6594 66654 SH PUT SOLE 66654 0 0 WELLS FARGO & CO NEW OPTION 949746101 11128 42243 SH CALL SOLE 42243 0 0 WHOLE FOODS MKT INC COM 966837106 8030 164003 SH SOLE 164003 0 0 MEMC ELECTR MATLS INC COM 552715104 5453 92643 SH SOLE 92643 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 10367 154318 SH SOLE 154318 0 0 WEATHERFORD INTERNATIONAL LT OPTION G95089101 1842 2184 SH CALL SOLE 2184 0 0 WEATHERFORD INTERNATIONAL LT OPTION G95089101 236 3703 SH PUT SOLE 3703 0 0 WILLBROS GROUP INC COM 969199108 1676 49300 SH SOLE 49300 0 0 WGL HLDGS INC COM 92924F106 842 24852 SH SOLE 24852 0 0 W-H ENERGY SVCS INC COM 92925E108 509 6900 SH SOLE 6900 0 0 WHIRLPOOL CORP COM 963320106 1960 22003 SH SOLE 22003 0 0 WINDSTREAM CORP COM 97381W104 4839 342726 SH SOLE 342726 0 0 WIPRO LTD SPON COM 97651M109 147 10178 SH SOLE 10178 0 0 WELLPOINT INC COM 94973V107 17659 223758 SH SOLE 223758 0 0 WASHINGTON MUT INC COM 939322103 11380 322277 SH SOLE 322277 0 0 WASHINGTON MUT INC OPTION 939322103 991 4961 SH CALL SOLE 4961 0 0 WASHINGTON MUT INC OPTION 939322103 3775 8394 SH PUT SOLE 8394 0 0 WILLIAMS COS INC DEL COM 969457100 197414 5796073 SH SOLE 5796073 0 0 WILLIAMS COS INC DEL OPTION 969457100 243 2858 SH PUT SOLE 2858 0 0 WILLIAMS COS INC DEL OPTION 969457100 1284 6220 SH CALL SOLE 6220 0 0 WARNER MUSIC GROUP CORP COM 934550104 3012 298265 SH SOLE 298265 0 0 WASTE MGMT INC DEL COM 94106L109 10592 280662 SH SOLE 280662 0 0 WMS INDS INC COM 929297109 496 15000 SH SOLE 15000 0 0 WAL MART STORES INC COM 931142103 421706 9661067 SH SOLE 9661067 0 0 WAL MART STORES INC OPTION 931142103 6507 42543 SH CALL SOLE 42543 0 0 WAL MART STORES INC OPTION 931142103 16837 62680 SH PUT SOLE 62680 0 0 WORTHINGTON INDS INC COM 981811102 1913 81209 SH SOLE 81209 0 0 WATSON PHARMACEUTICALS INC COM 942683103 896 27650 SH SOLE 27650 0 0 WASHINGTON POST CO CL B COM 939640108 297 370 SH SOLE 370 0 0 WESTAR ENERGY INC COM 95709T100 4612 187765 SH SOLE 187765 0 0 WEINGARTEN RLTY INVS SH BEN INTCOM 948741103 280 6764 SH SOLE 6764 0 0 WARNACO GROUP INC COM 934390402 655 16775 SH SOLE 16775 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTOPTION 816636203 5320 14442 SH CALL SOLE 14442 0 0 SEMICONDUCTOR HLDRS TR DEP RCPTOPTION 816636203 1225 31340 SH PUT SOLE 31340 0 0 WILLIAMS SONOMA INC COM 969904101 478 14664 SH SOLE 14664 0 0 AQUA AMERICA INC COM 03836W103 1472 64909 SH SOLE 64909 0 0 WESTERN UN CO COM 959802109 5940 283279 SH SOLE 283279 0 0 WATSON WYATT WORLDWIDE INC COM 942712100 33727 750492 SH SOLE 750492 0 0 WESCO INTL INC BOND CV 95082PAG0 421250 5000000 PRN SOLE 5000000 0 0 WRIGLEY WM JR CO COM 982526105 9246 143956 SH SOLE 143956 0 0 WEYERHAEUSER CO COM 962166104 114306 1581001 SH SOLE 1581001 0 0 WEYERHAEUSER CO OPTION 962166104 515 435 SH PUT SOLE 435 0 0 WYETH COM 983024100 109726 2462996 SH SOLE 2462996 0 0 WYETH OPTION 983024100 1458 14114 SH CALL SOLE 14114 0 0 WYETH OPTION 983024100 7426 14849 SH PUT SOLE 14849 0 0 WYNDHAM WORLDWIDE CORP COM 98310W108 1707 52112 SH SOLE 52112 0 0 WYNN RESORTS LTD COM 983134107 12461 79088 SH SOLE 79088 0 0 WYNN RESORTS LTD OPTION 983134107 401 1450 SH PUT SOLE 1450 0 0 WYNN RESORTS LTD OPTION 983134107 1182 200 SH CALL SOLE 200 0 0 UNITED STATES STL CORP NEW COM 912909108 29425 277747 SH SOLE 277747 0 0 UNITED STATES STL CORP NEW OPTION 912909108 2255 6513 SH PUT SOLE 6513 0 0 UNITED STATES STL CORP NEW OPTION 912909108 3111 2354 SH CALL SOLE 2354 0 0 XCEL ENERGY INC COM 98389B100 2667 123823 SH SOLE 123823 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page38 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SPDR SERIES TRUST OILGAS EQUIP COM 78464A748 2810 70555 SH SOLE 70555 0 0 SPDR SERIES TRUST S&P HOMEBUILDCOM 78464A888 5834 272624 SH SOLE 272624 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y886 203 1600 SH CALL SOLE 1600 0 0 XL CAP LTD COM G98255105 3890 49112 SH SOLE 49112 0 0 XL CAP LTD OPTION G98255105 481 2170 SH PUT SOLE 2170 0 0 SELECT SECTOR SPDR TR SBI MATE COM 81369Y100 48494 1151597 SH SOLE 1151597 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y506 77790 1039971 SH SOLE 1039971 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 1358 10353 SH PUT SOLE 10353 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 301864 8795557 SH SOLE 8795557 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 1450 15875 SH CALL SOLE 15875 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y605 2505 20000 SH PUT SOLE 20000 0 0 RYDEX ETF TRUST TOP 50 ETF COM 78355W205 5697 49620 SH SOLE 49620 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y704 112970 2750000 SH SOLE 2750000 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y803 2032 75353 SH SOLE 75353 0 0 XILINX INC COM 983919101 19761 755985 SH SOLE 755985 0 0 XILINX INC OPTION 983919101 404 6724 SH CALL SOLE 6724 0 0 XILINX INC OPTION 983919101 2846 9872 SH PUT SOLE 9872 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y308 2924 104500 SH SOLE 104500 0 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y886 125593 3155614 SH SOLE 3155614 0 0 SELECT SECTOR SPDR TR SBI HEAL COM 81369Y209 15616 441760 SH SOLE 441760 0 0 SELECT SECTOR SPDR TR SBI CONS COM 81369Y407 47159 1280455 SH SOLE 1280455 0 0 SELECT SECTOR SPDR TR SBI CONS OPTION 81369Y407 625 2500 SH PUT SOLE 2500 0 0 COVIDIEN LTD OPTION G2552X108 1504 11117 SH CALL SOLE 11117 0 0 COVIDIEN LTD OPTION G2552X108 3377 19056 SH PUT SOLE 19056 0 0 XM SATELLITE RADIO HLDGS INC COM 983759101 10047 709028 SH SOLE 709028 0 0 XM SATELLITE RADIO HLDGS INC BOND CV 983759AC5 351000 4000000 PRN SOLE 4000000 0 0 EXXON MOBIL CORP COM 30231G102 305377 3299235 SH SOLE 3299235 0 0 EXXON MOBIL CORP OPTION 30231G102 21440 109146 SH PUT SOLE 109146 0 0 EXXON MOBIL CORP OPTION 30231G102 103358 60541 SH CALL SOLE 60541 0 0 SPDR SERIES TRUST S&P OILGAS E COM 78464A730 470 10000 SH SOLE 10000 0 0 U S XPRESS ENTERPRISES INC COM 90338N103 2699 136572 SH SOLE 136572 0 0 DENTSPLY INTL INC NEW COM 249030107 3680 88376 SH SOLE 88376 0 0 SPDR SERIES TRUST S&P RETAIL E COM 78464A714 39603 1017545 SH SOLE 1017545 0 0 XEROX CORP COM 984121103 5605 323230 SH SOLE 323230 0 0 XEROX CORP OPTION 984121103 271 3237 SH PUT SOLE 3237 0 0 SELECT SECTOR SPDR TR SBI INT- OPTION 81369Y506 10860 17233 SH CALL SOLE 17233 0 0 XTO ENERGY INC COM 98385X106 54925 888184 SH SOLE 888184 0 0 XTO ENERGY INC OPTION 98385X106 449 4950 SH PUT SOLE 4950 0 0 XTO ENERGY INC OPTION 98385X106 359 730 SH CALL SOLE 730 0 0 LIBERTY MEDIA HLDG CORP CAP CO OPTION 53071M302 100 10000 SH PUT SOLE 10000 0 0 YUCHENG TECHNOLOGIES LTD COM G98777108 192 20000 SH SOLE 20000 0 0 YELLOW ROADWAY CORP BOND CV 985577AA3 756000 7000000 PRN SOLE 7000000 0 0 YAHOO INC COM 984332106 57984 2160154 SH SOLE 2160154 0 0 YAHOO INC OPTION 984332106 11711 49357 SH PUT SOLE 49357 0 0 YAHOO INC OPTION 984332106 1569 16541 SH CALL SOLE 16541 0 0 ISHARES TR RUSSELL 2000 OPTION 464287655 10025 29650 SH PUT SOLE 29650 0 0 GARMIN LTD OPTION G37260109 218 233 SH PUT SOLE 233 0 0 YRC WORLDWIDE INC COM 984249102 410 14993 SH SOLE 14993 0 0 YUM BRANDS INC COM 988498101 11622 343534 SH SOLE 343534 0 0 ZIONS BANCORPORATION COM 989701107 1789 26049 SH SOLE 26049 0 0 ZIONS BANCORPORATION OPTION 989701107 225 1300 SH CALL SOLE 1300 0 0 ZIONS BANCORPORATION OPTION 989701107 2120 1000 SH PUT SOLE 1000 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPTOPTION 678002106 2643 1501 SH CALL SOLE 1501 0 0 ZIMMER HLDGS INC COM 98956P102 7651 94469 SH SOLE 94469 0 0 Manager: BNP Paribas Arbitrage, SA Period End Date: Sep 28,2007 Page39 of 39 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ----
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