UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: GLG Partners, Inc. Address: 390 Park Avenue, 20th Floor New York, NY 10022 13F File Number: 028-13068 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: Alejandro San Miguel Title: General Counsel and Corporate Secretary Phone: 212-224-7200 Signature, Place, and Date of Signing: /s/ Alejandro San Miguel New York, NY May 12, 2010 CERTAIN SECTION 13(F) SECURITIES HAVE BEEN OMITTED FROM THIS REPORT BECAUSE THOSE SECURITIES ARE PART OF THE LEHMAN BANKRUPTCY AND THEREFORE THE INSTITUTIONAL INVESTMENT MANAGER FILING THIS FORM 13F (GLG) DOES NOT HAVE INVESTMENT DISCRETION OVER THOSE SECURITIES. Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 571 Form 13F Information Table Value Total: $4,591,338 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 028-10979 GLG Partners LP 02 028-13070 GLG Inc. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 8166 97718 SH DEFINED 01 97718 0 0 ABBOTT LABS COM 002824100 11156 211763 SH DEFINED 01 211763 0 0 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 13396 319327 SH DEFINED 01 319327 0 0 ACE LTD SHS H0023R105 2734 52284 SH DEFINED 01 52284 0 0 AERCAP HOLDINGS NV SHS N00985106 8544 741632 SH DEFINED 01 741632 0 0 AES CORP COM 00130H105 8715 792301 SH DEFINED 01 792301 0 0 AETNA INC NEW COM 00817Y108 4965 141423 SH DEFINED 01 141423 0 0 AFFORDABLE RESIDENTIAL CMNTY NOTE 7.500% 8/1 00828UAB9 17424 16190000 PRN DEFINED 01 16190000 0 0 AFLAC INC COM 001055102 3025 55724 SH DEFINED 01 55724 0 0 AGNICO EAGLE MINES LTD COM 008474108 2895 52000 SH DEFINED 01 52000 0 0 AIR PRODS & CHEMS INC COM 009158106 1979 26760 SH DEFINED 01 26760 0 0 AIRCASTLE LTD COM G0129K104 2963 312889 SH DEFINED 01 312889 0 0 AIRGAS INC COM 009363102 30983 487000 SH DEFINED 01 487000 0 0 AK STL HLDG CORP COM 001547108 1983 86751 SH DEFINED 01 86751 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 1014 32262 SH DEFINED 01 32262 0 0 ALBEMARLE CORP COM 012653101 2512 58915 SH DEFINED 01 58915 0 0 ALCOA INC COM 013817101 9968 700000 SH PUT DEFINED 01 700000 0 0 ALCOA INC COM 013817101 9968 700000 SH CALL DEFINED 01 700000 0 0 ALCON INC COM SHS H01301102 66144 409406 SH DEFINED 01 409406 0 0 ALLEGHENY ENERGY INC COM 017361106 660 28691 SH DEFINED 01 28691 0 0 ALLERGAN INC COM 018490102 2810 43020 SH DEFINED 01 43020 0 0 ALLERGAN INC COM 018490102 3397 52000 SH CALL DEFINED 01 52000 0 0 ALLIANT ENERGY CORP COM 018802108 538 16172 SH DEFINED 01 16172 0 0 ALLIED IRISH BKS P L C SPON ADR ORD 019228402 499 155000 SH DEFINED 01 155000 0 0 ALLSTATE CORP COM 020002101 2578 79803 SH DEFINED 01 79803 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 1746 35000 SH DEFINED 01 35000 0 0 ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 993 44324 SH DEFINED 01 44324 0 0 AMAZON COM INC COM 023135106 9518 70127 SH DEFINED 01 70127 0 0 AMEREN CORP COM 023608102 921 35310 SH DEFINED 01 35310 0 0 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 7249 144000 SH DEFINED 01 144000 0 0 AMERICAN CAP LTD COM 02503Y103 435 85648 SH DEFINED 01 85648 0 0 AMERICAN EXPRESS CO COM 025816109 6890 166983 SH DEFINED 01 166983 0 0 AMERICAN TOWER CORP CL A 029912201 4410 103493 SH DEFINED 01 103493 0 0 AMERICAN WTR WKS CO INC NEW COM 030420103 950 43647 SH DEFINED 01 43647 0 0 AMERICREDIT CORP NOTE 2.125% 9/1 03060RAR2 4856 5000000 PRN DEFINED 01 5000000 0 0 AMERIPRISE FINL INC COM 03076C106 2747 60562 SH DEFINED 01 60562 0 0 AMGEN INC COM 031162100 28335 474151 SH DEFINED 01 474151 0 0 AMGEN INC NOTE 0.375% 2/0 031162AQ3 30506 30000000 PRN DEFINED 01 30000000 0 0 AMR CORP NOTE 6.250%10/1 001765BC9 11400 10000000 PRN DEFINED 01 10000000 0 0 ANADARKO PETE CORP COM 032511107 5628 77278 SH DEFINED 01 77278 0 0 ANCESTRY COM INC COM 032803108 2809 165732 SH DEFINED 01 165732 0 0 ANNALY CAP MGMT INC NOTE 4.000% 2/1 035710AA0 5019 5000000 PRN DEFINED 01 5000000 0 0 APACHE CORP COM 037411105 5410 53302 SH DEFINED 01 53302 0 0 APPLE INC COM 037833100 38907 165610 SH DEFINED 01 165610 0 0 APPLIED MATLS INC COM 038222105 2796 207436 SH DEFINED 01 207436 0 0 ARLINGTON ASSET INVT CORP CL A NEW 041356205 557 31250 SH DEFINED 01 31250 0 0 AT&T INC COM 00206R102 9498 367551 SH DEFINED 01 367551 0 0 ATLAS ENERGY INC COM 049298102 3393 109020 SH DEFINED 01 109020 0 0 AU OPTRONICS CORP SPONSORED ADR 002255107 4625 408185 SH DEFINED 01 408185 0 0 AUTOLIV INC COM 052800109 208 4034 SH DEFINED 01 4034 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 3338 75052 SH DEFINED 01 75052 0 0 AUTOZONE INC COM 053332102 2675 15454 SH DEFINED 01 15454 0 0 AVON PRODS INC COM 054303102 1059 31270 SH DEFINED 01 31270 0 0 BAIDU INC SPON ADR REP A 056752108 547 916 SH DEFINED 01 916 0 0 BAKER HUGHES INC COM 057224107 2208 47146 SH DEFINED 01 47146 0 0 BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 1740 140000 SH DEFINED 01 140000 0 0 BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 969 14200 SH DEFINED 01 14200 0 0 BANK OF AMERICA CORPORATION COM 060505104 52777 2956716 SH DEFINED 01 2956716 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 7570 245145 SH DEFINED 01 245145 0 0 BAXTER INTL INC COM 071813109 5115 87891 SH DEFINED 01 87891 0 0 BECKMAN COULTER INC COM 075811109 1074 17100 SH CALL DEFINED 01 17100 0 0 BECTON DICKINSON & CO COM 075887109 2952 37497 SH DEFINED 01 37497 0 0 BED BATH & BEYOND INC COM 075896100 7619 174109 SH DEFINED 01 174109 0 0 BED BATH & BEYOND INC COM 075896100 4376 100000 SH CALL DEFINED 01 100000 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 5481 45 SH DEFINED 01 45 0 0 BEST BUY INC COM 086516101 17562 412832 SH DEFINED 01 412832 0 0 BIOGEN IDEC INC COM 09062X103 2866 49971 SH DEFINED 01 49971 0 0 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 7598 6000000 PRN DEFINED 01 6000000 0 0 BIOMIMETIC THERAPEUTICS INC COM 09064X101 18382 1397838 SH DEFINED 01 1397838 0 0 BJ SVCS CO COM 055482103 843 39381 SH DEFINED 01 39381 0 0 BLACKROCK CORPOR HI YLD FD V COM 09255P107 16407 1490200 SH DEFINED 01 1490200 0 0 BLACKROCK CREDIT ALL INC TR COM 092508100 12860 1055000 SH DEFINED 01 1055000 0 0 BLACKROCK FLOAT RATE OME STR COM 09255X100 8050 520002 SH DEFINED 01 520002 0 0 BLACKROCK GLOBAL OPP EQTY TR COM 092501105 10491 535000 SH DEFINED 01 535000 0 0 BLACKROCK MUNIHOLDINGS N Y I COM 09255C106 8285 592600 SH DEFINED 01 592600 0 0 BMB MUNAI INC COM 09656A105 3250 10000000 PRN DEFINED 01 10000000 0 0 BMC SOFTWARE INC COM 055921100 729 19194 SH DEFINED 01 19194 0 0 BOEING CO COM 097023105 3692 50843 SH DEFINED 01 50843 0 0 BOSTON PPTYS LTD PARTNERSHIP NOTE 3.750% 5/1 10112RAG9 21275 20000000 PRN DEFINED 01 20000000 0 0 BOSTON SCIENTIFIC CORP COM 101137107 4388 607817 SH DEFINED 01 607817 0 0 BRE PROPERTIES INC NOTE 4.125% 8/1 05564EBH8 2005 2000000 PRN DEFINED 01 2000000 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 967 36233 SH DEFINED 01 36233 0 0 BROADCOM CORP CL A 111320107 2652 79914 SH DEFINED 01 79914 0 0 BROCADE COMMUNICATIONS SYS I COM NEW 111621306 857 150000 SH CALL DEFINED 01 150000 0 0 BUCYRUS INTL INC NEW COM 118759109 8579 130000 SH PUT DEFINED 01 130000 0 0 C H ROBINSON WORLDWIDE INC COM NEW 12541W209 1456 26062 SH DEFINED 01 26062 0 0 CA INC COM 12673P105 1832 78046 SH DEFINED 01 78046 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 9630 398928 SH DEFINED 01 398928 0 0 CABOT OIL & GAS CORP COM 127097103 2218 60275 SH DEFINED 01 60275 0 0 CALPINE CORP COM NEW 131347304 739 62127 SH DEFINED 01 62127 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 1482 34574 SH DEFINED 01 34574 0 0 CAMPBELL SOUP CO COM 134429109 1150 32537 SH DEFINED 01 32537 0 0 CAPITAL ONE FINL CORP COM 14040H105 2594 62633 SH DEFINED 01 62633 0 0 CAPITALSOURCE INC COM 14055X102 776 138795 SH DEFINED 01 138795 0 0 CARDINAL HEALTH INC COM 14149Y108 4109 114045 SH DEFINED 01 114045 0 0 CAREER EDUCATION CORP COM 141665109 30492 963705 SH DEFINED 01 963705 0 0 CAREER EDUCATION CORP COM 141665109 25312 800000 SH CALL DEFINED 01 800000 0 0 CATERPILLAR INC DEL COM 149123101 5801 92297 SH DEFINED 01 92297 0 0 CELGENE CORP COM 151020104 4395 70926 SH DEFINED 01 70926 0 0 CEMEX SAB DE CV SPON ADR NEW 151290889 1793 175607 SH DEFINED 01 175607 0 0 CENTERPOINT ENERGY INC COM 15189T107 886 61666 SH DEFINED 01 61666 0 0 CENTRAL EUROPEAN DIST CORP COM 153435102 3427 97883 SH DEFINED 01 97883 0 0 CHENIERE ENERGY INC NOTE 2.250% 8/0 16411RAE9 15939 25400000 PRN DEFINED 01 25400000 0 0 CHESAPEAKE ENERGY CORP COM 165167107 1962 83000 SH DEFINED 01 83000 0 0 CHEVRON CORP NEW COM 166764100 6103 80478 SH DEFINED 01 80478 0 0 CHINA MED TECHNOLOGIES INC NOTE 3.500%11/1 169483AB0 21692 27900000 PRN DEFINED 01 27900000 0 0 CHINA MED TECHNOLOGIES INC SPONSORED ADR 169483104 1388 101900 SH PUT DEFINED 01 101900 0 0 CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 1612 19600 SH DEFINED 01 19600 0 0 CHURCH & DWIGHT INC COM 171340102 761 11369 SH DEFINED 01 11369 0 0 CIMAREX ENERGY CO COM 171798101 662 11153 SH DEFINED 01 11153 0 0 CISCO SYS INC COM 17275R102 46157 1773234 SH DEFINED 01 1773234 0 0 CIT GROUP INC COM NEW 125581801 10843 278305 SH DEFINED 01 278305 0 0 CITIGROUP INC COM 172967101 8100 2000000 SH PUT DEFINED 01 2000000 0 0 CITIGROUP INC COM 172967101 12428 3068721 SH DEFINED 01 3068721 0 0 CITIZENS REPUBLIC BANCORP IN COM 174420109 4112 3606813 SH DEFINED 01 3606813 0 0 CITRIX SYS INC COM 177376100 1286 27089 SH DEFINED 01 27089 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 2700 38055 SH DEFINED 01 38055 0 0 CLOROX CO DEL COM 189054109 9143 142546 SH DEFINED 01 142546 0 0 CLOUD PEAK ENERGY INC COM 18911Q102 4424 265881 SH DEFINED 01 265881 0 0 CME GROUP INC COM 12572Q105 2735 8651 SH DEFINED 01 8651 0 0 CMS ENERGY CORP COM 125896100 747 48313 SH DEFINED 01 48313 0 0 CNOOC LTD SPONSORED ADR 126132109 240 1456 SH DEFINED 01 1456 0 0 CNX GAS CORP COM 12618H309 2074 54500 SH DEFINED 01 54500 0 0 COCA COLA CO COM 191216100 36453 662776 SH DEFINED 01 662776 0 0 COCA COLA ENTERPRISES INC COM 191219104 2559 92525 SH DEFINED 01 92525 0 0 COLGATE PALMOLIVE CO COM 194162103 5093 59734 SH DEFINED 01 59734 0 0 COMCAST CORP NEW CL A 20030N101 6861 364563 SH DEFINED 01 364563 0 0 COMERICA INC COM 200340107 3911 102805 SH DEFINED 01 102805 0 0 COMPUCREDIT CORP NOTE 5.875%11/3 20478NAD2 5743 11964000 PRN DEFINED 01 11964000 0 0 COMPUTER SCIENCES CORP COM 205363104 1338 24560 SH DEFINED 01 24560 0 0 CONOCOPHILLIPS COM 20825C104 7346 143553 SH DEFINED 01 143553 0 0 CONSOL ENERGY INC COM 20854P109 5886 137969 SH DEFINED 01 137969 0 0 CONSOLIDATED EDISON INC COM 209115104 3803 85379 SH DEFINED 01 85379 0 0 COOPER INDUSTRIES PLC SHS G24140108 1274 26566 SH DEFINED 01 26566 0 0 CORNING INC COM 219350105 14787 731658 SH DEFINED 01 731658 0 0 COSTCO WHSL CORP NEW COM 22160K105 4036 67598 SH DEFINED 01 67598 0 0 COVIDIEN PLC SHS G2554F105 3864 76855 SH DEFINED 01 76855 0 0 CROWN CASTLE INTL CORP COM 228227104 3075 80425 SH DEFINED 01 80425 0 0 CROWN HOLDINGS INC COM 228368106 9252 343164 SH DEFINED 01 343164 0 0 CSX CORP COM 126408103 3180 62474 SH DEFINED 01 62474 0 0 CUMMINS INC COM 231021106 1887 30468 SH DEFINED 01 30468 0 0 CVB FINL CORP COM 126600105 4889 492320 SH DEFINED 01 492320 0 0 CVS CAREMARK CORPORATION COM 126650100 7857 214902 SH DEFINED 01 214902 0 0 D R HORTON INC COM 23331A109 669 53066 SH DEFINED 01 53066 0 0 D R HORTON INC NOTE 2.000% 5/1 23331ABB4 21627 18445000 PRN DEFINED 01 18445000 0 0 DANAHER CORP DEL COM 235851102 3123 39084 SH DEFINED 01 39084 0 0 DEERE & CO COM 244199105 5358 90115 SH DEFINED 01 90115 0 0 DELL INC COM 24702R101 6312 420511 SH DEFINED 01 420511 0 0 DENBURY RES INC COM NEW 247916208 4130 244834 SH DEFINED 01 244834 0 0 DENDREON CORP COM 24823Q107 8206 225000 SH PUT DEFINED 01 225000 0 0 DESARROLLADORA HOMEX S A DE SPONSORED ADR 25030W100 396 14000 SH DEFINED 01 14000 0 0 DEVELOPERS DIVERSIFIED RLTY NOTE 3.000% 3/1 251591AS2 4850 5000000 PRN DEFINED 01 5000000 0 0 DEVON ENERGY CORP NEW COM 25179M103 6045 93823 SH DEFINED 01 93823 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 714 8035 SH DEFINED 01 8035 0 0 DIGITALGLOBE INC COM NEW 25389M877 4485 160455 SH DEFINED 01 160455 0 0 DIRECTV COM CL A 25490A101 5648 167056 SH DEFINED 01 167056 0 0 DISCOVER FINL SVCS COM 254709108 11645 781518 SH DEFINED 01 781518 0 0 DISH NETWORK CORP CL A 25470M109 899 43157 SH DEFINED 01 43157 0 0 DISNEY WALT CO COM DISNEY 254687106 9071 259836 SH DEFINED 01 259836 0 0 DOLAN MEDIA CO COM 25659P402 3878 356762 SH DEFINED 01 356762 0 0 DOLLAR TREE INC COM 256746108 3050 51499 SH DEFINED 01 51499 0 0 DOW CHEM CO COM 260543103 4000 135262 SH DEFINED 01 135262 0 0 DREAMWORKS ANIMATION SKG INC CL A 26153C103 788 20000 SH DEFINED 01 20000 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 4095 109950 SH DEFINED 01 109950 0 0 DUKE ENERGY CORP NEW COM 26441C105 1555 95295 SH DEFINED 01 95295 0 0 DUKE REALTY CORP COM NEW 264411505 496 40022 SH DEFINED 01 40022 0 0 E M C CORP MASS COM 268648102 5611 311051 SH DEFINED 01 311051 0 0 E M C CORP MASS NOTE 1.750%12/0 268648AM4 44363 35455000 PRN DEFINED 01 35455000 0 0 EBAY INC COM 278642103 5036 186753 SH DEFINED 01 186753 0 0 EDISON INTL COM 281020107 2335 68346 SH DEFINED 01 68346 0 0 EL PASO CORP COM 28336L109 9513 877612 SH DEFINED 01 877612 0 0 ELECTRONIC ARTS INC COM 285512109 870 46620 SH DEFINED 01 46620 0 0 ENDEAVOR INTL CORP INC NOTE 6.000% 1/1 29257MAB6 4625 5000000 PRN DEFINED 01 5000000 0 0 ENERGEN CORP COM 29265N108 446 9584 SH DEFINED 01 9584 0 0 ENERGIZER HLDGS INC COM 29266R108 714 11369 SH DEFINED 01 11369 0 0 ENSCO INTL PLC SPONSORED ADR 29358Q109 2452 54756 SH DEFINED 01 54756 0 0 ENTERGY CORP NEW COM 29364G103 2907 35733 SH DEFINED 01 35733 0 0 ENZON PHARMACEUTICALS INC NOTE 4.000% 6/0 293904AE8 13255 11000000 PRN DEFINED 01 11000000 0 0 EOG RES INC COM 26875P101 1394 15000 SH CALL DEFINED 01 15000 0 0 EOG RES INC COM 26875P101 5301 57033 SH DEFINED 01 57033 0 0 EQT CORP COM 26884L109 1100 26820 SH DEFINED 01 26820 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 1340 34233 SH DEFINED 01 34233 0 0 EVERGREEN SOLAR INC NOTE 4.000% 7/1 30033RAC2 2625 5000000 PRN DEFINED 01 5000000 0 0 EXCO RESOURCES INC COM 269279402 1844 100350 SH DEFINED 01 100350 0 0 EXPEDITORS INTL WASH INC COM 302130109 2297 62211 SH DEFINED 01 62211 0 0 EXPRESS SCRIPTS INC COM 302182100 4139 40676 SH DEFINED 01 40676 0 0 EXXON MOBIL CORP COM 30231G102 48372 722190 SH DEFINED 01 722190 0 0 FEDEX CORP COM 31428X106 3998 42805 SH DEFINED 01 42805 0 0 FIFTH THIRD BANCORP COM 316773100 4381 323093 SH DEFINED 01 323093 0 0 FIRST SOLAR INC COM 336433107 846 6896 SH DEFINED 01 6896 0 0 FIRSTENERGY CORP COM 337932107 1200 30711 SH DEFINED 01 30711 0 0 FLAGSTAR BANCORP INC COM 337930101 480 800000 SH DEFINED 01 800000 0 0 FLOTEK INDS INC DEL COM 343389102 64 50000 SH DEFINED 01 50000 0 0 FLOTEK INDS INC DEL NOTE 5.250% 2/1 343389AA0 1118 2000000 PRN DEFINED 01 2000000 0 0 FLUOR CORP NEW COM 343412102 1319 28365 SH DEFINED 01 28365 0 0 FMC TECHNOLOGIES INC COM 30249U101 1054 16305 SH DEFINED 01 16305 0 0 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 2318 50000 SH DEFINED 01 50000 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 5098 405604 SH DEFINED 01 405604 0 0 FORD MTR CO DEL NOTE 4.250%11/1 345370CN8 14975 10000000 PRN DEFINED 01 10000000 0 0 FORD MTR CO DEL NOTE 4.250%12/1 345370CF5 26239 17500000 PRN DEFINED 01 17500000 0 0 FOREST LABS INC COM 345838106 2208 70408 SH DEFINED 01 70408 0 0 FOREST OIL CORP COM PAR $0.01 346091705 1723 66739 SH DEFINED 01 66739 0 0 FORESTAR GROUP INC COM 346233109 1704 90274 SH DEFINED 01 90274 0 0 FOSTER WHEELER AG COM H27178104 18123 667743 SH DEFINED 01 667743 0 0 FPL GROUP INC COM 302571104 2852 59015 SH DEFINED 01 59015 0 0 FRANKLIN TEMPLETON LTD DUR I COM 35472T101 15198 1135001 SH DEFINED 01 1135001 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 22187 265585 SH DEFINED 01 265585 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 6516 78000 SH PUT DEFINED 01 78000 0 0 GAMESTOP CORP NEW CL A 36467W109 507 23122 SH DEFINED 01 23122 0 0 GENERAL DYNAMICS CORP COM 369550108 1874 24269 SH DEFINED 01 24269 0 0 GENERAL ELECTRIC CO COM 369604103 14490 796141 SH DEFINED 01 796141 0 0 GENERAL MLS INC COM 370334104 1702 24037 SH DEFINED 01 24037 0 0 GENZYME CORP COM 372917104 2101 40529 SH DEFINED 01 40529 0 0 GILEAD SCIENCES INC COM 375558103 6175 135773 SH DEFINED 01 135773 0 0 GILEAD SCIENCES INC NOTE 0.500% 5/0 375558AG8 6056 5000000 PRN DEFINED 01 5000000 0 0 GILEAD SCIENCES INC NOTE 0.625% 5/0 375558AH6 10140 8000000 PRN DEFINED 01 8000000 0 0 GLG PARTNERS INC COM 37929X107 4021 1309664 SH DEFINED 01 1309664 0 0 GLG PARTNERS INC UNIT 12/28/2011 37929X206 293 90200 SH DEFINED 01 90200 0 0 GLOBALSTAR INC COM 378973408 136 100000 SH DEFINED 01 100000 0 0 GOLDCORP INC NEW COM 380956409 387 10400 SH DEFINED 01 10400 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 17088 100146 SH DEFINED 01 100146 0 0 GOODRICH CORP COM 382388106 1587 22500 SH DEFINED 01 22500 0 0 GOODRICH PETE CORP COM NEW 382410405 1575 100694 SH DEFINED 01 100694 0 0 GOODRICH PETE CORP NOTE 5.000%10/0 382410AC2 4369 5000000 PRN DEFINED 01 5000000 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 4973 393459 SH DEFINED 01 393459 0 0 GOOGLE INC CL A 38259P508 37367 65901 SH DEFINED 01 65901 0 0 GREAT ATLANTIC & PAC TEA INC NOTE 6.750%12/1 390064AK9 21875 25000000 PRN DEFINED 01 25000000 0 0 GREAT PLAINS ENERGY INC UNIT 06/15/2042 391164803 4172 65800 SH DEFINED 01 65800 0 0 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 631 30000 SH DEFINED 01 30000 0 0 GT SOLAR INTL INC COM 3623E0209 3881 742029 SH DEFINED 01 742029 0 0 HALLIBURTON CO COM 406216101 4348 144318 SH DEFINED 01 144318 0 0 HARLEY DAVIDSON INC COM 412822108 3245 115615 SH DEFINED 01 115615 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 6510 229056 SH DEFINED 01 229056 0 0 HASBRO INC COM 418056107 4311 112618 SH DEFINED 01 112618 0 0 HASBRO INC COM 418056107 5742 150000 SH CALL DEFINED 01 150000 0 0 HDFC BANK LTD ADR REPS 3 SHS 40415F101 245 1760 SH DEFINED 01 1760 0 0 HECKMANN CORP *W EXP 11/09/201 422680116 520 742300 SH DEFINED 01 742300 0 0 HEINZ H J CO COM 423074103 1904 41750 SH DEFINED 01 41750 0 0 HELMERICH & PAYNE INC COM 423452101 614 16125 SH DEFINED 01 16125 0 0 HESS CORP COM 42809H107 2668 42657 SH DEFINED 01 42657 0 0 HEWLETT PACKARD CO COM 428236103 19518 367230 SH DEFINED 01 367230 0 0 HOLOGIC INC COM 436440101 729 39318 SH DEFINED 01 39318 0 0 HOME DEPOT INC COM 437076102 6303 194830 SH DEFINED 01 194830 0 0 HONEYWELL INTL INC COM 438516106 7007 154776 SH DEFINED 01 154776 0 0 HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 4169 5000000 PRN DEFINED 01 5000000 0 0 HOSPITALITY PPTYS TR NOTE 3.800% 3/1 44106MAK8 45678 45649000 PRN DEFINED 01 45649000 0 0 ICICI BK LTD ADR 45104G104 25918 606969 SH DEFINED 01 606969 0 0 ILLINOIS TOOL WKS INC COM 452308109 2946 62197 SH DEFINED 01 62197 0 0 ILLUMINA INC COM 452327109 680 17480 SH DEFINED 01 17480 0 0 INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 683 11620 SH DEFINED 01 11620 0 0 INGERSOLL-RAND PLC SHS G47791101 1723 49414 SH DEFINED 01 49414 0 0 INTEL CORP COM 458140100 36397 1635094 SH DEFINED 01 1635094 0 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 1022 9107 SH DEFINED 01 9107 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 46733 364387 SH DEFINED 01 364387 0 0 INTERNATIONAL COAL GRP INC N NOTE 9.000% 8/0 45928HAD8 4095 3500000 PRN DEFINED 01 3500000 0 0 INTEROIL CORP COM 460951106 7290 112500 SH DEFINED 01 112500 0 0 INTERPUBLIC GROUP COS INC NOTE 4.250% 3/1 460690BA7 5231 5000000 PRN DEFINED 01 5000000 0 0 INTUIT COM 461202103 1830 53289 SH DEFINED 01 53289 0 0 IRELAND BK SPONSORED ADR 46267Q103 223 25000 SH DEFINED 01 25000 0 0 ISHARES INC MSCI AUSTRALIA 464286103 996 41500 SH DEFINED 01 41500 0 0 ISHARES INC MSCI MEX INVEST 464286822 42696 800000 SH CALL DEFINED 01 800000 0 0 ISHARES INC MSCI S KOREA 464286772 2463 49255 SH DEFINED 01 49255 0 0 ISHARES INC MSCI TAIWAN 464286731 19453 1550000 SH DEFINED 01 1550000 0 0 ISHARES SILVER TRUST ISHARES 46428Q109 3428 200000 SH DEFINED 01 200000 0 0 ISHARES TR INDEX FTSE XNHUA IDX 464287184 2947 70000 SH DEFINED 01 70000 0 0 ISHARES TR INDEX MSCI EMERG MKT 464287234 21895 519800 SH DEFINED 01 519800 0 0 ISHARES TR INDEX MSCI EMERG MKT 464287234 12001 284900 SH PUT DEFINED 01 284900 0 0 ISHARES TR INDEX RUSSELL 2000 464287655 3390 50000 SH PUT DEFINED 01 50000 0 0 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 10272 467138 SH DEFINED 01 467138 0 0 ITT CORP NEW COM 450911102 1491 27803 SH DEFINED 01 27803 0 0 IVANHOE MINES LTD COM 46579N103 875 50000 SH DEFINED 01 50000 0 0 JACKSON HEWITT TAX SVCS INC COM 468202106 40 20000 SH PUT DEFINED 01 20000 0 0 JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AF8 6894 5000000 PRN DEFINED 01 5000000 0 0 JOHNSON & JOHNSON COM 478160104 526 8063 SH DEFINED 01 8063 0 0 JONES LANG LASALLE INC COM 48020Q107 9964 136700 SH DEFINED 01 136700 0 0 JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 3843 250000 SH DEFINED 01 250000 0 0 JPMORGAN CHASE & CO COM 46625H100 52280 1168278 SH DEFINED 01 1168278 0 0 JUNIPER NETWORKS INC COM 48203R104 2399 78189 SH DEFINED 01 78189 0 0 KBR INC COM 48242W106 2093 94428 SH DEFINED 01 94428 0 0 KELLOGG CO COM 487836108 3405 63722 SH DEFINED 01 63722 0 0 KINROSS GOLD CORP COM NO PAR 496902404 1777 104000 SH DEFINED 01 104000 0 0 KINROSS GOLD CORP NOTE 1.750% 3/1 496902AD9 5050 5000000 PRN DEFINED 01 5000000 0 0 KLA-TENCOR CORP COM 482480100 460 14892 SH DEFINED 01 14892 0 0 KOHLS CORP COM 500255104 8185 149422 SH DEFINED 01 149422 0 0 KRAFT FOODS INC CL A 50075N104 6583 217692 SH DEFINED 01 217692 0 0 KROGER CO COM 501044101 6899 318529 SH DEFINED 01 318529 0 0 LAM RESEARCH CORP COM 512807108 1942 52035 SH DEFINED 01 52035 0 0 LAMAR ADVERTISING CO CL A 512815101 1727 50278 SH DEFINED 01 50278 0 0 LEAP WIRELESS INTL INC NOTE 4.500% 7/1 521863AL4 3058 3500000 PRN DEFINED 01 3500000 0 0 LEAR CORP COM NEW 521865204 9738 122725 SH DEFINED 01 122725 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 5.250%12/1 52729NBF6 9750 10000000 PRN DEFINED 01 10000000 0 0 LG DISPLAY CO LTD SPONS ADR REP 50186V102 5371 303805 SH DEFINED 01 303805 0 0 LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 12250 25000000 PRN DEFINED 01 25000000 0 0 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 1561 42909 SH DEFINED 01 42909 0 0 LIBERTY MEDIA CORP NEW DEB 3.125% 3/3 530718AF2 27820 26000000 PRN DEFINED 01 26000000 0 0 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 2083 136065 SH DEFINED 01 136065 0 0 LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 2992 54719 SH DEFINED 01 54719 0 0 LILLY ELI & CO COM 532457108 3742 103304 SH DEFINED 01 103304 0 0 LINCOLN EDL SVCS CORP COM 533535100 10120 400000 SH DEFINED 01 400000 0 0 LINCOLN NATL CORP IND COM 534187109 4062 132306 SH DEFINED 01 132306 0 0 LINEAR TECHNOLOGY CORP COM 535678106 907 32087 SH DEFINED 01 32087 0 0 LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 5865 6000000 PRN DEFINED 01 6000000 0 0 LOCKHEED MARTIN CORP COM 539830109 4202 50494 SH DEFINED 01 50494 0 0 LOWES COS INC COM 548661107 3517 145087 SH DEFINED 01 145087 0 0 MACYS INC COM 55616P104 2177 100000 SH CALL DEFINED 01 100000 0 0 MACYS INC COM 55616P104 8636 396702 SH DEFINED 01 396702 0 0 MANPOWER INC COM 56418H100 5084 89011 SH DEFINED 01 89011 0 0 MARATHON OIL CORP COM 565849106 2757 87149 SH DEFINED 01 87149 0 0 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 938 20800 SH DEFINED 01 20800 0 0 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 13530 300000 SH CALL DEFINED 01 300000 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 55695 1254100 SH PUT DEFINED 01 1254100 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 35941 809298 SH DEFINED 01 809298 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 22205 500000 SH CALL DEFINED 01 500000 0 0 MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 307 10000 SH DEFINED 01 10000 0 0 MARTIN MARIETTA MATLS INC COM 573284106 2194 26254 SH DEFINED 01 26254 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 634 31058 SH DEFINED 01 31058 0 0 MASCO CORP COM 574599106 1195 77025 SH DEFINED 01 77025 0 0 MASSEY ENERGY CORP COM 576206106 1255 24006 SH DEFINED 01 24006 0 0 MASTERCARD INC CL A 57636Q104 5409 21295 SH DEFINED 01 21295 0 0 MATTEL INC COM 577081102 1301 57222 SH DEFINED 01 57222 0 0 MCAFEE INC COM 579064106 2244 55906 SH DEFINED 01 55906 0 0 MCDERMOTT INTL INC COM 580037109 3147 116892 SH DEFINED 01 116892 0 0 MCKESSON CORP COM 58155Q103 2727 41500 SH DEFINED 01 41500 0 0 MDU RES GROUP INC COM 552690109 600 27813 SH DEFINED 01 27813 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 5203 100000 SH CALL DEFINED 01 100000 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 6361 122266 SH DEFINED 01 122266 0 0 MECHEL OAO SPONSORED ADR 583840103 2343 82439 SH DEFINED 01 82439 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 5043 78113 SH DEFINED 01 78113 0 0 MEDTRONIC INC COM 585055106 9893 219705 SH DEFINED 01 219705 0 0 MEDTRONIC INC NOTE 1.500% 4/1 585055AL0 33109 32500000 PRN DEFINED 01 32500000 0 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 21175 20000000 PRN DEFINED 01 20000000 0 0 MEMC ELECTR MATLS INC COM 552715104 1920 125270 SH DEFINED 01 125270 0 0 MERCK & CO INC NEW COM 58933Y105 14537 389215 SH DEFINED 01 389215 0 0 METLIFE INC COM 59156R108 7899 182250 SH DEFINED 01 182250 0 0 METROPCS COMMUNICATIONS INC COM 591708102 572 80773 SH DEFINED 01 80773 0 0 MF GLOBAL LTD NOTE 9.000% 6/2 55276YAB2 23374 20150000 PRN DEFINED 01 20150000 0 0 MFA FINANCIAL INC COM 55272X102 1357 184421 SH DEFINED 01 184421 0 0 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017ab0 9950 10000000 PRN DEFINED 01 10000000 0 0 MICRON TECHNOLOGY INC NOTE 1.875% 6/0 595112AH6 7169 7500000 PRN DEFINED 01 7500000 0 0 MICROSOFT CORP COM 594918104 71025 2426544 SH DEFINED 01 2426544 0 0 MILLICOM INTL CELLULAR S A SHS NEW L6388F110 7307 81963 SH DEFINED 01 81963 0 0 MILLIPORE CORP COM 601073109 43953 416220 SH DEFINED 01 416220 0 0 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 8874 159900 SH DEFINED 01 159900 0 0 MONSANTO CO NEW COM 61166W101 3571 50000 SH CALL DEFINED 01 50000 0 0 MONSANTO CO NEW COM 61166W101 10000 140013 SH DEFINED 01 140013 0 0 MORGAN STANLEY COM NEW 617446448 7876 268899 SH DEFINED 01 268899 0 0 MOSAIC CO COM 61945A107 28549 469790 SH DEFINED 01 469790 0 0 MOSAIC CO COM 61945A107 23688 389800 SH PUT DEFINED 01 389800 0 0 MOTOROLA INC COM 620076109 2495 355480 SH DEFINED 01 355480 0 0 MSCI INC CL A 55354G100 6577 182182 SH DEFINED 01 182182 0 0 MURPHY OIL CORP COM 626717102 1548 27548 SH DEFINED 01 27548 0 0 MYLAN INC COM 628530107 953 41959 SH DEFINED 01 41959 0 0 MYLAN INC PFD CONV 628530206 6784 5000 SH DEFINED 01 5000 0 0 NABORS INDUSTRIES LTD SHS G6359F103 795 40519 SH DEFINED 01 40519 0 0 NATIONAL CINEMEDIA INC COM 635309107 259 15000 SH DEFINED 01 15000 0 0 NATIONAL OILWELL VARCO INC COM 637071101 2128 52438 SH DEFINED 01 52438 0 0 NAVISTAR INTL CORP NEW COM 63934E108 3802 85000 SH DEFINED 01 85000 0 0 NETAPP INC COM 64110D104 3658 112358 SH DEFINED 01 112358 0 0 NETAPP INC NOTE 1.750% 6/0 64110DAB0 8725 7410000 PRN DEFINED 01 7410000 0 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 2334 915220 SH DEFINED 01 915220 0 0 NEWCASTLE INVT CORP COM 65105M108 528 163326 SH DEFINED 01 163326 0 0 NEWFIELD EXPL CO COM 651290108 12228 234926 SH DEFINED 01 234926 0 0 NEWMONT MINING CORP COM 651639106 3774 74105 SH DEFINED 01 74105 0 0 NEWS CORP CL A 65248E104 4949 343425 SH DEFINED 01 343425 0 0 NEWSTAR FINANCIAL INC COM 65251F105 320 50137 SH DEFINED 01 50137 0 0 NIKE INC CL B 654106103 4289 58353 SH DEFINED 01 58353 0 0 NISOURCE INC COM 65473P105 675 42700 SH DEFINED 01 42700 0 0 NOBLE ENERGY INC COM 655044105 8400 115072 SH DEFINED 01 115072 0 0 NOMURA HLDGS INC SPONSORED ADR 65535H208 1833 250000 SH DEFINED 01 250000 0 0 NORFOLK SOUTHERN CORP COM 655844108 3025 54131 SH DEFINED 01 54131 0 0 NORTH AMERN ENERGY PARTNERS COM 656844107 1590 165805 SH DEFINED 01 165805 0 0 NORTHEAST UTILS COM 664397106 711 25733 SH DEFINED 01 25733 0 0 NPS PHARMACEUTICALS INC COM 62936P103 14201 2817570 SH DEFINED 01 2817570 0 0 NRG ENERGY INC COM NEW 629377508 774 37015 SH DEFINED 01 37015 0 0 NSTAR COM 67019E107 845 23844 SH DEFINED 01 23844 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 2703 162432 SH DEFINED 01 162432 0 0 NUVEEN N Y INVT QUALITY MUN COM 67062X101 15768 1111200 SH DEFINED 01 1111200 0 0 NV ENERGY INC COM 67073Y106 2391 193935 SH DEFINED 01 193935 0 0 NVIDIA CORP COM 67066G104 1418 81585 SH DEFINED 01 81585 0 0 O REILLY AUTOMOTIVE INC COM 686091109 819 19627 SH DEFINED 01 19627 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 10950 129525 SH DEFINED 01 129525 0 0 ODYSSEY MARINE EXPLORATION I COM 676118102 4010 3060776 SH DEFINED 01 3060776 0 0 OLD REP INTL CORP NOTE 8.000% 5/1 680223AF1 8924 7219000 PRN DEFINED 01 7219000 0 0 OMNICARE INC DBCV 3.250%12/1 681904AL2 2113 2500000 PRN DEFINED 01 2500000 0 0 OMNICOM GROUP INC NOTE 7/3 681919AV8 4975 5000000 PRN DEFINED 01 5000000 0 0 ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AG0 10313 10000000 PRN DEFINED 01 10000000 0 0 ONEOK INC NEW COM 682680103 694 15203 SH DEFINED 01 15203 0 0 OPEN JT STK CO-VIMPEL COMMUN SPONSORED ADR 68370R109 4492 244000 SH DEFINED 01 244000 0 0 ORACLE CORP COM 68389X105 15446 601262 SH DEFINED 01 601262 0 0 ORIENTAL FINL GROUP INC COM 68618W100 653 48345 SH DEFINED 01 48345 0 0 OSI PHARMACEUTICALS INC COM 671040103 17865 300000 SH DEFINED 01 300000 0 0 OSI PHARMACEUTICALS INC COM 671040103 17865 300000 SH PUT DEFINED 01 300000 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 2603 66358 SH DEFINED 01 66358 0 0 PACTIV CORP COM 695257105 4111 163265 SH DEFINED 01 163265 0 0 PEABODY ENERGY CORP COM 704549104 11882 260000 SH PUT DEFINED 01 260000 0 0 PENSKE AUTOMOTIVE GRP INC COM 70959W103 7135 494765 SH DEFINED 01 494765 0 0 PEPCO HOLDINGS INC COM 713291102 513 29894 SH DEFINED 01 29894 0 0 PEPSICO INC COM 713448108 17395 262930 SH DEFINED 01 262930 0 0 PETROHAWK ENERGY CORP COM 716495106 32356 1595459 SH DEFINED 01 1595459 0 0 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 8052 203390 SH DEFINED 01 203390 0 0 PFIZER INC COM 717081103 8738 509486 SH DEFINED 01 509486 0 0 PG&E CORP COM 69331C108 5641 132979 SH DEFINED 01 132979 0 0 PHARMACEUTICAL HLDRS TR DEPOSITRY RCPT 71712A206 17308 260892 SH DEFINED 01 260892 0 0 PHILIP MORRIS INTL INC COM 718172109 294 5629 SH DEFINED 01 5629 0 0 PLAINS EXPL& PRODTN CO COM 726505100 10432 347844 SH DEFINED 01 347844 0 0 PNC FINL SVCS GROUP INC COM 693475105 17630 295305 SH DEFINED 01 295305 0 0 POPULAR INC COM 733174106 32576 11194418 SH DEFINED 01 11194418 0 0 POTASH CORP SASK INC COM 73755L107 33418 280000 SH CALL DEFINED 01 280000 0 0 POTASH CORP SASK INC COM 73755L107 12406 103944 SH DEFINED 01 103944 0 0 POTASH CORP SASK INC COM 73755L107 59675 500000 SH PUT DEFINED 01 500000 0 0 PPL CORP COM 69351T106 3382 122058 SH DEFINED 01 122058 0 0 PRECISION CASTPARTS CORP COM 740189105 2664 21024 SH DEFINED 01 21024 0 0 PRICELINE COM INC COM NEW 741503403 2243 8795 SH DEFINED 01 8795 0 0 PROCTER & GAMBLE CO COM 742718109 26970 426266 SH DEFINED 01 426266 0 0 PROGRESS ENERGY INC COM 743263105 5446 138359 SH DEFINED 01 138359 0 0 PROLOGIS NOTE 2.250% 4/0 743410AQ5 6338 6500000 PRN DEFINED 01 6500000 0 0 PROLOGIS NOTE 2.625% 5/1 743410AS1 78066 82500000 PRN DEFINED 01 82500000 0 0 PROLOGIS NOTE 3.250% 3/1 743410AY8 14718 14500000 PRN DEFINED 01 14500000 0 0 PROLOGIS SH BEN INT 743410102 944 71519 SH DEFINED 01 71519 0 0 PROSHARES TR PSHS ULTRSHT O&G 74347R586 429 35000 SH DEFINED 01 35000 0 0 PROSHARES TR PSHS ULTSHT FINL 74347R628 385 20000 SH DEFINED 01 20000 0 0 PROTECTIVE LIFE CORP COM 743674103 963 43813 SH DEFINED 01 43813 0 0 PRUDENTIAL FINL INC COM 744320102 8499 140478 SH DEFINED 01 140478 0 0 PUBLIC STORAGE COM 74460D109 1013 11011 SH DEFINED 01 11011 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 1527 51737 SH DEFINED 01 51737 0 0 QUALCOMM INC COM 747525103 12722 302970 SH DEFINED 01 302970 0 0 QUESTAR CORP COM 748356102 2721 62993 SH DEFINED 01 62993 0 0 QWEST COMMUNICATIONS INTL IN COM 749121109 6054 1159705 SH DEFINED 01 1159705 0 0 RANGE RES CORP COM 75281A109 5115 109139 SH DEFINED 01 109139 0 0 RED HAT INC COM 756577102 786 26857 SH DEFINED 01 26857 0 0 RESEARCH IN MOTION LTD COM 760975102 13691 185138 SH DEFINED 01 185138 0 0 ROBERT HALF INTL INC COM 770323103 657 21581 SH DEFINED 01 21581 0 0 ROCKWELL AUTOMATION INC COM 773903109 4849 86030 SH DEFINED 01 86030 0 0 ROCKWELL COLLINS INC COM 774341101 3382 54028 SH DEFINED 01 54028 0 0 RRI ENERGY INC COM 74971X107 461 125000 SH DEFINED 01 125000 0 0 SAFEWAY INC COM NEW 786514208 2486 100000 SH PUT DEFINED 01 100000 0 0 SAFEWAY INC COM NEW 786514208 3888 156398 SH DEFINED 01 156398 0 0 SALESFORCE COM INC COM 79466L302 2249 30202 SH DEFINED 01 30202 0 0 SANDERSON FARMS INC COM 800013104 2681 50000 SH DEFINED 01 50000 0 0 SANDY SPRING BANCORP INC COM 800363103 828 55188 SH DEFINED 01 55188 0 0 SAVIENT PHARMACEUTICALS INC COM 80517Q100 1084 75000 SH DEFINED 01 75000 0 0 SCANA CORP NEW COM 80589M102 684 18204 SH DEFINED 01 18204 0 0 SCHLUMBERGER LTD COM 806857108 11985 188856 SH DEFINED 01 188856 0 0 SCHWAB CHARLES CORP NEW COM 808513105 4200 224722 SH DEFINED 01 224722 0 0 SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 8259 186225 SH DEFINED 01 186225 0 0 SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 5963 103674 SH DEFINED 01 103674 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3988 250000 SH PUT DEFINED 01 250000 0 0 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 312 10000 SH PUT DEFINED 01 10000 0 0 SEMPRA ENERGY COM 816851109 1685 33776 SH DEFINED 01 33776 0 0 SIGA TECHNOLOGIES INC COM 826917106 1459 220000 SH DEFINED 01 220000 0 0 SIMON PPTY GROUP INC NEW COM 828806109 3705 44158 SH DEFINED 01 44158 0 0 SIMS METAL MANAGEMENT LTD SPONS ADR 829160100 982 50000 SH DEFINED 01 50000 0 0 SMITH INTL INC COM 832110100 20051 468267 SH DEFINED 01 468267 0 0 SOLARFUN POWER HOLDINGS CO L SPONSORED ADR 83415U108 1043 133500 SH DEFINED 01 133500 0 0 SOMAXON PHARMACEUTICALS INC COM 834453102 1775 205000 SH DEFINED 01 205000 0 0 SOTHEBYS COM 835898107 15328 400000 SH PUT DEFINED 01 400000 0 0 SOTHEBYS COM 835898107 1244 40000 SH DEFINED 01 40000 0 0 SOTHEBYS COM 835898107 6218 200000 SH CALL DEFINED 01 200000 0 0 SOTHEBYS NOTE 3.125% 6/1 835898AC1 7313 6500000 PRN DEFINED 01 6500000 0 0 SOUTHERN CO COM 842587107 4015 121073 SH DEFINED 01 121073 0 0 SOUTHWESTERN ENERGY CO COM 845467109 5739 140950 SH DEFINED 01 140950 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 68279 626700 SH CALL DEFINED 01 626700 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 5448 50000 SH DEFINED 01 50000 0 0 SPDR S&P 500 ETF TR UNIT SER 1 S&P 78462F103 163800 1400000 SH PUT DEFINED 01 1400000 0 0 SPDR S&P 500 ETF TR UNIT SER 1 S&P 78462F103 2340 20000 SH DEFINED 01 20000 0 0 SPDR SERIES TRUST S&P METALS MNG 78464A755 24718 435100 SH PUT DEFINED 01 435100 0 0 SPDR SERIES TRUST S&P OILGAS EXP 78464A730 10713 254273 SH DEFINED 01 254273 0 0 SPDR SERIES TRUST S&P RETAIL ETF 78464A714 10325 250000 SH PUT DEFINED 01 250000 0 0 SPECTRA ENERGY CORP COM 847560109 2108 93578 SH DEFINED 01 93578 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 1780 468511 SH DEFINED 01 468511 0 0 SPX CORP COM 784635104 1258 18964 SH DEFINED 01 18964 0 0 ST JUDE MED INC COM 790849103 540 13151 SH DEFINED 01 13151 0 0 STAPLES INC COM 855030102 2594 110915 SH DEFINED 01 110915 0 0 STARWOOD PPTY TR INC COM 85571B105 1045 54150 SH DEFINED 01 54150 0 0 STATE STR CORP COM 857477103 5244 116167 SH DEFINED 01 116167 0 0 STEEL DYNAMICS INC COM 858119100 2436 139449 SH DEFINED 01 139449 0 0 STREAM GLOBAL SVCS INC *W EXP 10/17/201 86323M118 210 300000 SH DEFINED 01 300000 0 0 STRYKER CORP COM 863667101 2651 46328 SH DEFINED 01 46328 0 0 SUNCOR ENERGY INC NEW COM 867224107 16921 520000 SH CALL DEFINED 01 520000 0 0 SUNCOR ENERGY INC NEW COM 867224107 7569 232593 SH DEFINED 01 232593 0 0 SUNOCO INC COM 86764P109 448 15085 SH DEFINED 01 15085 0 0 SUNPOWER CORP COM CL A 867652109 945 50000 SH CALL DEFINED 01 50000 0 0 SUNTECH PWR HLDGS CO LTD NOTE 3.000% 3/1 86800CAE4 2166 2500000 PRN DEFINED 01 2500000 0 0 SUPERVALU INC COM 868536103 2750 164867 SH DEFINED 01 164867 0 0 SYMANTEC CORP NOTE 1.000% 6/1 871503AF5 32025 30000000 PRN DEFINED 01 30000000 0 0 SYMETRA FINL CORP COM 87151Q106 3737 283552 SH DEFINED 01 283552 0 0 SYSCO CORP COM 871829107 1475 50000 SH DEFINED 01 50000 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 178 17998 SH DEFINED 01 17998 0 0 TAKE-TWO INTERACTIVE SOFTWAR NOTE 4.375% 6/0 874054AA7 3533 3000000 PRN DEFINED 01 3000000 0 0 TALECRIS BIOTHERAPEUTICS HLD COM 874227101 4664 234149 SH DEFINED 01 234149 0 0 TARGET CORP COM 87612E106 6249 118804 SH DEFINED 01 118804 0 0 TD AMERITRADE HLDG CORP COM 87236Y108 854 44794 SH DEFINED 01 44794 0 0 TEMPLE INLAND INC COM 879868107 2518 123268 SH DEFINED 01 123268 0 0 TENARIS S A SPONSORED ADR 88031M109 1288 30000 SH DEFINED 01 30000 0 0 TERADYNE INC COM 880770102 1067 95530 SH DEFINED 01 95530 0 0 TEREX CORP NEW COM 880779103 12973 571240 SH DEFINED 01 571240 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3438 54500 SH CALL DEFINED 01 54500 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 8831 140000 SH DEFINED 01 140000 0 0 TEXAS INSTRS INC COM 882508104 1989 81299 SH DEFINED 01 81299 0 0 TEXAS INSTRS INC COM 882508104 3671 150000 SH PUT DEFINED 01 150000 0 0 TEXTRON INC COM 883203101 2395 112806 SH DEFINED 01 112806 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 3426 66594 SH DEFINED 01 66594 0 0 TIME WARNER INC COM NEW 887317303 2597 83065 SH DEFINED 01 83065 0 0 TITAN INTL INC ILL COM 88830M102 319 36500 SH DEFINED 01 36500 0 0 TJX COS INC NEW COM 872540109 4252 100000 SH CALL DEFINED 01 100000 0 0 TJX COS INC NEW COM 872540109 23727 558009 SH DEFINED 01 558009 0 0 TOMOTHERAPY INC COM 890088107 830 243391 SH DEFINED 01 243391 0 0 TOYOTA MOTOR CORP CALL 892331907 7157 89000 SH CALL DEFINED 01 89000 0 0 TRANSATLANTIC HLDGS INC COM 893521104 4023 76194 SH DEFINED 01 76194 0 0 TRANSOCEAN INC NOTE 1.500%12/1 893830AV1 2439 2500000 PRN DEFINED 01 2500000 0 0 TRANSOCEAN INC NOTE 1.500%12/1 893830AW9 84756 88750000 PRN DEFINED 01 88750000 0 0 TRANSOCEAN LTD REG SHS H8817H100 7755 89781 SH DEFINED 01 89781 0 0 TRAVELERS COMPANIES INC COM 89417E109 4718 87461 SH DEFINED 01 87461 0 0 TREX CO INC NOTE 6.000% 7/0 89531PAA3 3003 2500000 PRN DEFINED 01 2500000 0 0 TUPPERWARE BRANDS CORP COM 899896104 4822 100000 SH CALL DEFINED 01 100000 0 0 TUPPERWARE BRANDS CORP COM 899896104 7803 161816 SH DEFINED 01 161816 0 0 TYCO INTERNATIONAL LTD SHS H89128104 5524 144431 SH DEFINED 01 144431 0 0 UAL CORP NOTE 4.500% 6/3 902549AH7 29685 29985000 PRN DEFINED 01 29985000 0 0 ULTRA PETROLEUM CORP COM 903914109 3557 76272 SH DEFINED 01 76272 0 0 ULTRA PETROLEUM CORP COM 903914109 4663 100000 SH CALL DEFINED 01 100000 0 0 ULTRATECH INC COM 904034105 2470 181643 SH DEFINED 01 181643 0 0 UNION PAC CORP COM 907818108 5441 74228 SH DEFINED 01 74228 0 0 UNITED DOMINION REALTY TR IN NOTE 3.625% 9/1 910197AM4 21700 21700000 PRN DEFINED 01 21700000 0 0 UNITED DOMINION REALTY TR IN NOTE 4.000%12/1 910197AK8 5405 5358000 PRN DEFINED 01 5358000 0 0 UNITED PARCEL SERVICE INC CL B 911312106 20926 324885 SH DEFINED 01 324885 0 0 UNITED STATES NATL GAS FUND UNIT 912318102 1189 172000 SH DEFINED 01 172000 0 0 UNITED STATES STL CORP NEW COM 912909108 3303 52000 SH PUT DEFINED 01 52000 0 0 UNITED TECHNOLOGIES CORP COM 913017109 11621 157866 SH DEFINED 01 157866 0 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 1660 30000 SH DEFINED 01 30000 0 0 UNITED WESTN BANCORP INC COM 913201109 281 185000 SH DEFINED 01 185000 0 0 UNITEDHEALTH GROUP INC COM 91324P102 14902 456142 SH DEFINED 01 456142 0 0 US BANCORP DEL COM NEW 902973304 8074 311975 SH DEFINED 01 311975 0 0 USEC INC NOTE 3.000%10/0 90333EAC2 8088 10000000 PRN DEFINED 01 10000000 0 0 VALE S A ADR 91912E105 19314 600000 SH PUT DEFINED 01 600000 0 0 VALE S A ADR 91912E105 6509 202196 SH DEFINED 01 202196 0 0 VALE S A ADR REPSTG PFD 91912E204 17313 623653 SH DEFINED 01 623653 0 0 VALERO ENERGY CORP NEW COM 91913Y100 1756 89135 SH DEFINED 01 89135 0 0 VALUECLICK INC COM 92046N102 358 35344 SH DEFINED 01 35344 0 0 VANDA PHARMACEUTICALS INC COM 921659108 289 25000 SH DEFINED 01 25000 0 0 VANTAGE DRILLING COMPANY *W EXP 05/24/201 G93205121 0 550000 SH DEFINED 01 550000 0 0 VERISK ANALYTICS INC CL A 92345Y106 1706 60495 SH DEFINED 01 60495 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 4588 147915 SH DEFINED 01 147915 0 0 VIACOM INC NEW CL B 92553P201 17927 521425 SH DEFINED 01 521425 0 0 VIRGIN MEDIA INC COM 92769L101 55061 3190099 SH DEFINED 01 3190099 0 0 VISA INC COM CL A 92826C839 18919 207837 SH DEFINED 01 207837 0 0 VMWARE INC CL A COM 928563402 10914 204766 SH DEFINED 01 204766 0 0 VORNADO RLTY L P DBCV 3.625%11/1 929043AE7 5050 5000000 PRN DEFINED 01 5000000 0 0 VORNADO RLTY L P DEB 3.875% 4/1 929043AC1 16538 15000000 PRN DEFINED 01 15000000 0 0 WAL MART STORES INC COM 931142103 20504 368781 SH DEFINED 01 368781 0 0 WALGREEN CO COM 931422109 2968 80029 SH DEFINED 01 80029 0 0 WALTER ENERGY INC COM 93317Q105 12311 133427 SH DEFINED 01 133427 0 0 WALTER INVT MGMT CORP COM 93317W102 1016 63520 SH DEFINED 01 63520 0 0 WEATHERFORD INTERNATIONAL LT REG H27013103 10264 647190 SH DEFINED 01 647190 0 0 WEBMD CORP NOTE 3.125% 9/0 94769MAG0 9213 7000000 PRN DEFINED 01 7000000 0 0 WELLPOINT INC COM 94973V107 14165 220019 SH DEFINED 01 220019 0 0 WELLS FARGO & CO NEW COM 949746101 28616 919545 SH DEFINED 01 919545 0 0 WEST COAST BANCORP ORE NEW COM 952145100 2294 889021 SH DEFINED 01 889021 0 0 WESTAR ENERGY INC COM 95709T100 830 37235 SH DEFINED 01 37235 0 0 WHOLE FOODS MKT INC COM 966837106 1556 43038 SH DEFINED 01 43038 0 0 WILLBROS GROUP INC DEL COM 969203108 480 40000 SH DEFINED 01 40000 0 0 WILLIAMS COS INC DEL COM 969457100 10815 468162 SH DEFINED 01 468162 0 0 WIMM BILL DANN FOODS OJSC SPONSORED ADR 97263M109 475 21200 SH DEFINED 01 21200 0 0 WISCONSIN ENERGY CORP COM 976657106 1396 28253 SH DEFINED 01 28253 0 0 XCEL ENERGY INC COM 98389B100 1462 68941 SH DEFINED 01 68941 0 0 XEROX CORP COM 984121103 975 100000 SH DEFINED 01 100000 0 0 XILINX INC COM 983919101 949 37232 SH DEFINED 01 37232 0 0 XTO ENERGY INC COM 98385X106 3630 76940 SH DEFINED 01 76940 0 0 YAHOO INC COM 984332106 10926 661007 SH DEFINED 01 661007 0 0 YINGLI GREEN ENERGY HLDG CO NOTE 12/1 98584BAA1 2225 2000000 PRN DEFINED 01 2000000 0 0 YUM BRANDS INC COM 988498101 2878 75091 SH DEFINED 01 75091 0 0 ZIMMER HLDGS INC COM 98956P102 1954 33006 SH DEFINED 01 33006 0 0