Oaktree Capital Management LP
Howard Marks & Bruce Karsh · As of Q2 2013 · filed Aug 13, 2013
| FBP FIRST BANCORP PUERTO RICO | 7.3% | Held | 50,684,485 | $358.8M |
| EXCO RESOURCES INC | 5.7% | Held | 36,778,946 | $281.0M |
| CHARTER COMMUNICATION-A | 5.0% | Reduced −1.3% | 1,973,595 | $244.4M |
| DYNEGY INC | 3.6% | Added +8.0% | 7,800,986 | $175.9M |
| CIEI 2.625 12/01/19 PRN COBALT INTL ENERGY INC | 3.2% | Added +9.7% | 146,500,000 | $155.5M |
| DELPHI AUTOMOTIVE PLC | 3.1% | Reduced −25.0% | 3,000,000 | $152.1M |
| SLXP 1.5 03/15/19 PRN SALIX PHARMACEUTICALS LT | 2.8% | New | 113,465,000 | $136.1M |
| TSLA 1.5 06/01/18 PRN TESLA INC | 2.3% | New | 98,400,000 | $111.7M |
| MGM 4.25 04/15/15 PRN MGM RESORTS INTL | 2.1% | Added +25.2% | 91,865,000 | $102.6M |
| SNDK 1.5 08/15/17 PRN SANDISK CORP | 1.9% | Reduced −20.7% | 68,930,000 | $92.4M |
| OCR 3.75 04/01/42 PRN OMNICARE INC | 1.9% | Reduced −31.1% | 73,560,000 | $91.6M |
| CEMEX 4.875 03/15/15 PRN CEMEX SAB DE CV | 1.8% | Added +43.9% | 75,077,000 | $86.6M |
| BKD 2.75 06/15/18 PRN BROOKDALE SENIOR LIVING | 1.8% | Reduced −2.1% | 72,975,000 | $86.2M |
| ALLIANCE HEALTHCARE SERVICES | 1.5% | Held | 4,756,490 | $74.4M |
| FCE 4.25 08/15/18 PRN FOREST CITY REALTY TRUST | 1.5% | Reduced −3.7% | 65,171,000 | $73.3M |
| MTG MGIC INVESTMENT CORP | 1.5% | Added +166.7% | 12,000,000 | $72.8M |
| ON 2.625 12/15/26 B PRN ON SEMICONDUCTOR CORP | 1.4% | Reduced −3.3% | 58,945,000 | $68.1M |
| LRCX 0.5 05/15/16 PRN LAM RESEARCH CORP | 1.1% | Added +227.4% | 53,200,000 | $56.2M |
| MENT 4 04/01/31 PRN MENTOR GRAPHICS CORP | 1.1% | Reduced −9.8% | 43,806,000 | $53.3M |
| HLX 3.25 03/15/32 PRN HELIX ENERGY SOLUTIONS | 1.1% | Reduced −9.8% | 41,392,000 | $52.8M |
| GWR 5 10/01/15 GENESEE & WYOMING INC | 1.0% | Reduced −7.6% | 427,500 | $51.3M |
| INTC 2.95 12/15/35 PRN INTEL CORP | 1.0% | Added +29.4% | 46,225,000 | $50.5M |
| HOLX 0 03/01/42 2012 PRN HOLOGIC INC | 0.9% | Reduced −7.9% | 46,575,000 | $46.4M |
| GPI 2.25 06/15/36 PRN GROUP 1 AUTOMOTIVE INC | 0.9% | Added +8.4% | 38,202,000 | $45.9M |
| MTG 2 04/01/20 PRN MGIC INVESTMENT CORP | 0.9% | Reduced −2.5% | 39,500,000 | $45.0M |
| CRIMSON EXPLORATION INC | 0.9% | Held | 15,524,819 | $43.8M |
| ALR 3 PERP B ALERE INC | 0.9% | Added +2.7% | 190,800 | $42.9M |
| INTC 3.25 08/01/39 PRN INTEL CORP | 0.9% | Reduced −1.5% | 33,000,000 | $42.2M |
| RWT 4.625 04/15/18 PRN REDWOOD TRUST INC | 0.9% | Reduced −2.9% | 42,250,000 | $42.0M |
| RTX 7.5 08/01/15 UNITED TECHNOLOGIES CORP | 0.8% | Reduced −3.6% | 664,950 | $39.5M |
| HWM 1.625 10/15/19 PRN ARCONIC INC | 0.8% | New | 41,100,000 | $38.9M |
| RTI 3 12/01/15 PRN RTI INTERNATIONAL METALS | 0.8% | Reduced −9.0% | 35,475,000 | $38.8M |
| HTWR 3.5 12/15/17 PRN HEARTWARE INTERNATIONAL | 0.8% | New | 30,625,000 | $38.3M |
| VSH VISHAY INTERTECHNOLOGY INC | 0.8% | Held | 2,750,000 | $38.2M |
| DHCP 4.5 11/01/19 PRN DITECH HOLDING CORP | 0.8% | Added +14.1% | 36,505,000 | $37.1M |
| PLAB 3.25 04/01/16 PRN PHOTRONICS INC | 0.7% | Added +161.2% | 32,758,000 | $35.9M |
| NRG NRG ENERGY INC | 0.7% | Added +45.3% | 1,325,000 | $35.4M |
| MTNA 6 01/15/16 PRN ARCELORMITTAL | 0.7% | Reduced −26.8% | 1,880,000 | $35.3M |
| DBRG 5 04/15/23 PRN DIGITALBRIDGE GROUP INC | 0.7% | New | 33,520,000 | $33.9M |
| TTWO 1.75 12/01/16 PRN TAKE-TWO INTERACTIVE SOF | 0.7% | Reduced −26.7% | 29,828,000 | $33.0M |
| MTH 1.875 09/15/32 PRN MERITAGE HOMES CORP | 0.7% | Added +5.0% | 29,650,000 | $32.5M |
| X 2.75 04/01/19 PRN UNITED STATES STEEL CORP | 0.6% | New | 32,100,000 | $31.9M |
| KBH 1.375 02/01/19 PRN KB HOME | 0.6% | Added +13.5% | 29,500,000 | $31.1M |
| APOLLO GLOBAL MANAGEMENT - A | 0.6% | Held | 1,250,000 | $30.1M |
| TRAK 1.5 03/15/17 PRN DEALERTRACK TECHNOLOGIES | 0.6% | New | 26,000,000 | $30.1M |
| ORI 3.75 03/15/18 PRN OLD REPUBLIC INTL CORP | 0.6% | Reduced −19.5% | 26,023,000 | $29.6M |
| HOLX 0 12/15/37 2010 PRN HOLOGIC INC | 0.6% | Reduced −18.6% | 26,179,000 | $29.4M |
| GTY GETTY REALTY CORP | 0.6% | Held | 1,422,221 | $29.4M |
| XPO 4.5 10/01/17 PRN XPO LOGISTICS INC | 0.6% | Reduced −1.4% | 23,440,000 | $29.0M |
| AIG AMERICAN INTERNATIONAL GROUP | 0.6% | Added +22.9% | 645,000 | $28.8M |
| CZREUR CAESARS ENTERTAINMENT CORP | 0.6% | Reduced −18.2% | 2,077,157 | $28.5M |
| BPZR 6.5 03/01/15 * PRN BPZ RESOURCES INC | 0.6% | Reduced −4.6% | 34,665,000 | $28.2M |
| WNC 3.375 05/01/18 PRN WABASH NATIONAL CORP | 0.6% | Reduced −1.4% | 21,980,000 | $27.2M |
| DLLR 3 04/01/28 PRN DFC GLOBAL CORP | 0.6% | Held | 26,190,000 | $27.1M |
| VGR V2.5 01/15/19 PRN VECTOR GROUP LTD | 0.5% | Reduced −3.7% | 21,185,000 | $25.6M |
| TTWO 1 07/01/18 PRN TAKE-TWO INTERACTIVE SOF | 0.5% | New | 25,000,000 | $24.4M |
| RDN 2.25 03/01/19 PRN RADIAN GROUP INC | 0.5% | Reduced −28.6% | 18,750,000 | $24.3M |
| BKNG 1 03/15/18 PRN BOOKING HOLDINGS INC | 0.5% | Reduced −63.3% | 19,825,000 | $23.1M |
| EPAY 1.5 12/01/17 PRN BOTTOMLINE TECHNOLOGIES | 0.4% | Reduced −12.5% | 19,250,000 | $21.3M |
| LEVEL 3 COMMUNICATIONS INC | 0.4% | Held | 1,000,000 | $21.1M |
| STWD 4.55 03/01/18 PRN STARWOOD PROPERTY TRUST | 0.4% | New | 20,000,000 | $20.7M |
| TMS INTERNATIONAL CORP-A | 0.4% | Added +26.2% | 1,382,425 | $20.5M |
| EPR 5.75 PERP C EPR PROPERTIES | 0.4% | Reduced −14.5% | 887,821 | $20.4M |
| SSWSJ 1.75 10/15/32 SWC PRN STILLWATER MINING CO | 0.4% | Reduced −38.3% | 19,432,000 | $20.3M |
| AMD 6 05/01/15 PRN ADVANCED MICRO DEVICES | 0.4% | Added +36.6% | 19,667,000 | $20.2M |
| PODD 3.75 06/15/16 PRN INSULET CORPORATION | 0.4% | Reduced −14.3% | 15,199,000 | $20.0M |
| NLY 5 05/15/15 PRN ANNALY CAPITAL MGMT | 0.4% | Added +43.5% | 18,916,000 | $19.1M |
| CAA 0.25 06/01/19 PRN CALATLANTIC GROUP INC | 0.4% | New | 21,000,000 | $19.1M |
| SSLTIN 4 10/30/14 PRN STERLITE INDUSTRIES LTD | 0.4% | Reduced −8.5% | 19,586,000 | $19.0M |
| BGCP 4.5 07/15/16 PRN BGC PARTNERS INC | 0.4% | Reduced −12.2% | 18,676,000 | $19.0M |
| GTAT 3 10/01/17 PRN GT ADV TECHNOLOGIES INC | 0.4% | Added +300.0% | 22,000,000 | $18.9M |
| CQB 4.25 08/15/16 PRN CHIQUITA BRANDS INTL | 0.4% | Added +7.7% | 18,500,000 | $17.7M |
| ICON 2.5 06/01/16 PRN ICONIX BRAND GROUP INC | 0.4% | New | 15,305,000 | $17.5M |
| ORBOTECH LTD | 0.4% | Held | 1,400,000 | $17.4M |
| MTOR 0 02/15/27 PRN MERITOR INC | 0.3% | Added +57.3% | 18,878,000 | $16.9M |
| WBMD 2.5 01/31/18 PRN WEBMD HEALTH CORP | 0.3% | Reduced −4.6% | 18,074,000 | $16.8M |
| TTMI 3.25 05/15/15 PRN TTM TECHNOLOGIES | 0.3% | Added +13.7% | 16,643,000 | $16.7M |
| NEM 1.625 07/15/17 B PRN NEWMONT MINING CORP | 0.3% | New | 15,400,000 | $16.5M |
| HQCL 3.5 01/15/18 PRN HANWHA Q CELLS CO LTD | 0.3% | Reduced −14.4% | 19,310,000 | $16.4M |
| SGY 1.75 03/01/17 PRN STONE ENERGY CORP | 0.3% | New | 17,491,000 | $16.3M |
| DRYS 5 12/01/14 PRN DRYSHIPS INC | 0.3% | Reduced −10.0% | 18,000,000 | $16.1M |
| MTNA 5 05/15/14 PRN ARCELORMITTAL | 0.3% | Added +31.8% | 14,500,000 | $14.9M |
| AIR 2.25 03/01/16 B PRN AAR CORP | 0.3% | Reduced −25.4% | 15,000,000 | $14.9M |
| MODV 6.5 05/15/14 PRN PROVIDENCE SERVICE CORP | 0.3% | Reduced −4.5% | 13,882,000 | $14.9M |
| KCG 3.5 03/15/15 PRN KNIGHT CAPITAL GROUP INC | 0.3% | Added +144.3% | 14,659,000 | $14.7M |
| COMMONWEALTH REIT | 0.3% | Added +42.5% | 586,829 | $13.5M |
| CUMULUS MEDIA INC-CL A | 0.3% | Held | 3,985,983 | $13.5M |
| BRS 3 06/15/38 PRN BRISTOW GROUP INC | 0.3% | Added +38.9% | 11,545,000 | $13.5M |
| GMED 2.75 07/01/17 PRN NUVASIVE INC | 0.3% | Reduced −25.0% | 13,500,000 | $13.3M |
| EXE 2.5 05/15/37 PRN CHESAPEAKE ENERGY CORP | 0.3% | Added +16.7% | 14,000,000 | $13.3M |
| ALUFP 2.875 06/15/23 A PRN ALCATEL-LUCENT USA INC | 0.3% | Added +12.7% | 13,318,000 | $13.1M |
| TWGP 5 09/15/14 PRN TOWER GROUP INTL LTD | 0.3% | New | 11,949,000 | $12.9M |
| X 4 05/15/14 PRN UNITED STATES STEEL CORP | 0.3% | New | 12,000,000 | $12.3M |
| NAV 3 10/15/14 PRN NAVISTAR INTL CORP | 0.2% | Reduced −73.0% | 12,550,000 | $12.2M |
| GDP 5 10/01/29 PRN GOODRICH PETROLEUM CORP | 0.2% | Added +15.8% | 12,104,000 | $12.1M |
| PSEC 5.5 08/15/16 PRN PROSPECT CAPITAL CORP | 0.2% | Reduced −8.1% | 11,272,000 | $11.9M |
| SAFEWAY INC | 0.2% | Reduced −50.0% | 500,000 | $11.8M |
| AFFX 4 07/01/19 PRN AFFYMETRIX INC | 0.2% | Added +27.3% | 11,650,000 | $11.7M |
| GBX 3.5 04/01/18 PRN GREENBRIER COS INC | 0.2% | Reduced −47.7% | 11,250,000 | $11.6M |
| GECBLE 0.875 11/15/13 PRN GENERAL CABLE CORP | 0.2% | Reduced −10.9% | 11,495,000 | $11.5M |
| MTG 5 05/01/17 PRN MGIC INVESTMENT CORP | 0.2% | Reduced −47.8% | 10,935,000 | $11.3M |
| HMIN 2 12/15/15 PRN HOMEINNS HOTEL GROUP | 0.2% | Added +4.2% | 12,474,000 | $11.1M |
| ETRA E*TRADE FINANCIAL CORP | 0.2% | New | 875,000 | $11.1M |
| YRCW 10 03/31/15 A PRN YRC WORLDWIDE INC | 0.2% | New | 10,500,000 | $10.7M |
| T 4.5 07/15/14 PRN LEAP WIRELESS INTL INC | 0.2% | Added +73.1% | 10,386,000 | $10.5M |
| OCR 3.25 12/15/35 OCR PRN OMNICARE INC | 0.2% | Reduced −35.8% | 10,154,000 | $10.5M |
| Vale S.A. PFD | 0.2% | New | 845,600 | $10.3M |
| TITN 3.75 05/01/19 PRN TITAN MACHINERY INC | 0.2% | New | 10,784,000 | $10.2M |
| ANR 3.75 12/15/17 PRN ALPHA NATURAL RESOURCES | 0.2% | New | 11,750,000 | $10.1M |
| MHGC 2.375 10/15/14 PRN MORGANS HOTEL GROUP CO | 0.2% | Added +96.6% | 10,177,000 | $10.1M |
| PULSE ELECTRONICS CORP | 0.2% | New | 3,844,659 | $10.1M |
| AFSI 5.5 12/15/21 PRN AMTRUST FINANCIAL SERVIC | 0.2% | Reduced −64.5% | 7,142,000 | $10.0M |
| HOLX 0 12/15/43 PRN HOLOGIC INC | 0.2% | Added +109.0% | 9,404,000 | $9.7M |
| AVHI 7.5 02/15/16 PRN AV HOMES INC | 0.2% | Held | 8,835,000 | $9.3M |
| PYX 5.5 07/15/14 PRN ALLIANCE ONE INTL INC | 0.2% | Held | 8,876,000 | $9.0M |
| CETV 5 11/15/15 PRN CENTRAL EURO MEDIA ENTER | 0.2% | New | 8,695,000 | $8.4M |
| JKS 4 05/15/16 144A PRN JINKOSOLAR HOLDING CO LT | 0.2% | Added +635.2% | 12,153,000 | $8.4M |
| ROGVX 2.5 09/15/18 PRN INTERMUNE INC | 0.2% | Added +25.0% | 9,992,000 | $8.3M |
| PBR PETROLEO BRASILEIRO-SPON ADR | 0.2% | Added +89.3% | 597,830 | $8.0M |
| CDNS 1.5 12/15/13 B PRN CADENCE DESIGN SYS INC | 0.2% | New | 8,000,000 | $8.0M |
| DLLR 2.875 06/30/27 PRN DFC GLOBAL CORP | 0.2% | Added +40.0% | 7,880,000 | $7.8M |
| HW 8.75 02/01/16 PRN HEADWATERS INC | 0.2% | Added +57.5% | 6,846,000 | $7.7M |
| FLG 6 11/01/51 FLAGSTAR BANK NA | 0.1% | New | 150,000 | $7.2M |
| GCN 2 08/01/14 PRN GOLDCORP INC | 0.1% | Reduced −13.7% | 6,968,000 | $7.1M |
| MNKD 3.75 12/15/13 PRN MANNKIND CORP | 0.1% | New | 7,378,000 | $7.0M |
| PLPC PREFORMED LINE PRODUCTS CO | 0.1% | Added +195.9% | 105,181 | $7.0M |
| ARAY 3.75 08/01/16 PRN ACCURAY INC | 0.1% | New | 7,140,000 | $6.8M |
| ARCC 4.875 03/15/17 PRN ARES CAPITAL CORP | 0.1% | Added +4.2% | 6,250,000 | $6.6M |
| Cia Brasileira de Distribuicao Grupo Pao | 0.1% | Added +8.0% | 143,739 | $6.5M |
| VIV1USD TELEFONICA BRASIL-ADR PREF | 0.1% | Added +11.0% | 285,700 | $6.5M |
| TTMCHF TATA MOTORS LTD-SPON ADR | 0.1% | New | 274,800 | $6.4M |
| NGCN 5.5 05/01/15 PRN NOVAGOLD RESOURCES INC | 0.1% | Held | 6,350,000 | $6.4M |
| IOC 2.75 11/15/15 PRN INTEROIL CORP | 0.1% | Added +8.5% | 6,400,000 | $6.2M |
| MCP 6 09/01/17 PRN MOLYCORP INC | 0.1% | Added +680.0% | 7,800,000 | $5.9M |
| IART 1.625 12/15/16 PRN INTEGRA LIFESCIENCES HLD | 0.1% | Reduced −89.1% | 5,733,000 | $5.6M |
| CSTMEUR CONSTELLIUM NV- CLASS A | 0.1% | New | 331,082 | $5.3M |
| FVE 3.75 10/15/26 PRN FIVE STAR QUALITY CARE I | 0.1% | Held | 5,300,000 | $5.3M |
| IEP F 08/15/13 PRN ICAHN ENTERPRISES LP | 0.1% | New | 5,000,000 | $5.0M |
| JAKK 4.5 11/01/14 PRN JAKKS PACIFIC INC | 0.1% | Reduced −5.0% | 4,750,000 | $4.9M |
| BALTIC TRADING LTD | 0.1% | New | 1,303,000 | $4.8M |
| JEF 3.875 11/01/29 PRN JEFFERIES GROUP LLC | 0.1% | Reduced −64.3% | 4,236,000 | $4.5M |
| ENDP 1.75 04/15/15 PRN ENDO HEALTH SOLUTIONS | 0.1% | Reduced −82.6% | 3,360,000 | $4.5M |
| WSP HOLDINGS LTD-ADR | 0.1% | Held | 1,408,800 | $4.4M |
| Grupo Financiero Santander Mex | 0.1% | Added +10.3% | 300,800 | $4.3M |
| RFMD 1 04/15/14 PRN RF MICRO DEVICES INC | 0.1% | Reduced −61.9% | 4,000,000 | $4.0M |
| EXE 2.75 11/15/35 PRN CHESAPEAKE ENERGY CORP | 0.1% | Reduced −55.6% | 4,000,000 | $4.0M |
| HTCH 8.5 01/15/26 PRN HUTCHINSON TECHNOLOGY | 0.1% | New | 4,000,000 | $4.0M |
| BVN CIA DE MINAS BUENAVENTUR-ADR | 0.1% | Added +68.6% | 251,327 | $3.7M |
| EPR 9 PERP E EPR PROPERTIES | 0.1% | Held | 107,500 | $3.5M |
| HA 5 03/15/16 PRN HAWAIIAN HOLDINGS INC | 0.1% | Added +149.4% | 3,117,000 | $3.4M |
| 18614USD GOLDCORP INC | 0.1% | Reduced −12.8% | 138,410 | $3.4M |
| GSCCN 5 06/01/17 PRN GOLDEN STAR RESOURCES | 0.1% | New | 5,000,000 | $3.3M |
| PSEC 5.375 10/15/17 PRN PROSPECT CAPITAL CORP | 0.1% | New | 3,000,000 | $3.1M |
| GENCO SHIPPING & TRADING LTD | 0.1% | Held | 1,512,532 | $2.5M |
| GPRE 5.75 11/01/15 PRN GREEN PLAINS RENEWABLE E | 0.0% | Reduced −82.6% | 2,000,000 | $2.3M |
| GSAT 8 04/01/28 PRN GLOBALSTAR INC | 0.0% | New | 2,116,000 | $2.0M |
| TSM TAIWAN SEMICONDUCTOR-SP ADR | 0.0% | Added +198.3% | 104,598 | $1.9M |
| FCX 5.25 10/06/13 PRN MCMORAN EXPLORATION CO | 0.0% | Reduced −76.7% | 1,750,000 | $1.8M |
| HDB HDFC BANK LTD-ADR | 0.0% | Added +79.3% | 42,267 | $1.5M |
| ANR 2.375 04/15/15 PRN ALPHA NATURAL RESOURCES | 0.0% | Reduced −75.3% | 1,640,000 | $1.5M |
| FURNITURE BRANDS INTL INC | 0.0% | New | 371,428 | $1.5M |
| ITUB ITAU UNIBANCO H-SPON PRF ADR | 0.0% | Added +143.3% | 112,569 | $1.5M |
| TV GRUPO TELEVISA SA-SPON ADR | 0.0% | Added +136.8% | 56,600 | $1.4M |
| COMPANHIA DE BEBIDAS SPON ADR PFD | 0.0% | Added +123.1% | 36,688 | $1.4M |
| CX CEMEX SAB-SPONS ADR PART CER | 0.0% | Added +80.3% | 111,084 | $1.2M |
| MBTGBP MOBILE TELESYSTEMS-SP ADR | 0.0% | Added +93.2% | 56,753 | $1.1M |
| PKX POSCO HOLDINGS INC -SPON ADR | 0.0% | Added +71.7% | 14,809 | $964K |
| AMG 3.95 08/15/38 PRN AFFILIATED MANAGERS GROU | 0.0% | Reduced −33.0% | 712,000 | $919K |
| TKC TURKCELL ILETISIM HIZMET-ADR | 0.0% | New | 63,696 | $915K |
| SQM QUIMICA Y MINERA CHIL-SP ADR | 0.0% | Added +146.4% | 22,325 | $902K |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| RGLD 2.875 06/15/19 PRN ROYAL GOLD INC | 55,185,000 | $58.5M |
| UTHR 1 09/15/16 PRN UNITED THERAPEUTICS CORP | 37,610,000 | $51.7M |
| PHIANA 1.75 12/01/17 PRN VOLCANO CORP | 45,075,000 | $44.8M |
| MU 1.5 08/01/31 A PRN MICRON TECHNOLOGY INC | 33,135,000 | $38.5M |
| LRCX 1.25 05/15/18 PRN LAM RESEARCH CORP | 31,794,000 | $34.1M |
| GTLS 2 08/01/18 PRN CHART INDUSTRIES INC | 22,943,000 | $31.4M |
| INVA 2.125 01/15/23 PRN INNOVIVA INC | 24,500,000 | $27.0M |
| AKS 5 11/15/19 PRN AK STEEL CORP | 28,210,000 | $26.8M |
| XXIA 3 12/15/15 PRN IXIA | 17,927,000 | $23.8M |
| CAA 1.25 08/01/32 PRN CALATLANTIC GROUP INC | 18,033,000 | $23.3M |
| MU 1.875 08/01/31 B PRN MICRON TECHNOLOGY INC | 17,460,000 | $20.5M |
| GM 4.75 12/01/13 B GENERAL MOTORS CO | 427,400 | $18.4M |
| CITUSD CIT GROUP INC | 405,979 | $17.7M |
| RGCARE 3.5 05/15/14 PRN LIFEPOINT HOSPITALS INC | 15,592,000 | $17.1M |
| PULSE ELECTRONICS CORP | 38,446,588 | $15.6M |
| SPWR 4.5 03/15/15 PRN SUNPOWER CORP | 15,252,000 | $15.4M |
| ENDP 1.5 07/15/18 PRN AUXILIUM PHARMACEUTICALS | 11,500,000 | $11.6M |
| FCNCA FIRST CITIZENS BCSHS -CL A | 62,000 | $10.9M |
| RASF 7 04/01/31 PRN RAIT FINANCIAL TRUST | 8,500,000 | $10.8M |
| MU 1.875 06/01/27 PRN MICRON TECHNOLOGY INC | 10,000,000 | $10.6M |
| CAPITAL BANK FINANCIAL-CL A | 616,949 | $10.6M |
| RMBS 5 06/15/14 PRN RAMBUS INC | 10,000,000 | $10.2M |
| SPWR 4.75 04/15/14 PRN SUNPOWER CORP | 9,688,000 | $9.7M |
| EA 0.75 07/15/16 PRN ELECTRONIC ARTS INC | 10,000,000 | $9.7M |
| ALR 3 05/15/16 PRN ALERE INC | 9,794,000 | $9.7M |
| VALE VALE SA-SP ADR | 460,356 | $9.6M |
| RDN 3 11/15/17 PRN RADIAN GROUP INC | 7,430,000 | $9.0M |
| DNDN 2.875 01/15/16 PRN DENDREON CORP | 10,250,000 | $8.2M |
| LLTC 3 05/01/27 A PRN LINEAR TECHNOLOGY CORP | 7,590,000 | $8.2M |
| Qihoo 360 Technology Co Ltd | 257,900 | $7.7M |
| AIR 1.625 03/01/14 A PRN AAR CORP | 7,719,000 | $7.6M |
| EXTC 0 09/18/13 PRN EXIDE TECHNOLOGIES LLC | 7,500,000 | $7.1M |
| CIEN 0.875 06/15/17 PRN CIENA CORP | 7,000,000 | $6.3M |
| ZINC 3.8 07/01/17 PRN METALS RECOVERY HLDG LLC | 5,976,000 | $6.0M |
| STEI 3.125 07/15/14 PRN STEWART ENTERPRISES | 5,285,000 | $5.6M |
| SNDK 1 05/15/13 PRN SANDISK CORP | 5,070,000 | $5.1M |
| UMC UNITED MICROELECTRON-SP ADR | 2,520,221 | $5.0M |
| MLCO MELCO RESORTS & ENTERT-ADR | 292,530 | $4.9M |
| NUAN 2.75 11/01/31 PRN NUANCE COMMUNICATIONS | 4,500,000 | $4.7M |
| ANR 3.25 08/01/15 PRN ALPHA APPALACHIA HOLDING | 4,553,000 | $4.4M |
| ARCO ARCOS DORADOS HOLDINGS INC-A | 342,900 | $4.1M |
| MCP 3.25 06/15/16 PRN MOLYCORP INC | 6,550,000 | $4.1M |
| JRCC 4.5 12/01/15 PRN JAMES RIVER COAL COMPANY | 10,850,000 | $3.7M |
| CIG CIA ENERGETICA DE-SPON ADR | 335,944 | $3.6M |
| PHH 4 09/01/14 PRN PHH CORP | 3,000,000 | $3.3M |
| FURNITURE BRANDS INTL INC | 2,600,000 | $2.6M |
| MOH 3.75 10/01/14 MOH PRN MOLINA HEALTHCARE INC | 2,090,000 | $2.5M |
| CEMEX 3.25 03/15/16 PRN CEMEX SAB DE CV | 1,625,000 | $2.2M |
| MFIC 5.75 01/15/16 PRN APOLLO INVESTMENT CORP | 1,953,000 | $2.1M |
| JRCC 3.125 03/15/18 PRN JAMES RIVER COAL COMPANY | 9,345,000 | $1.9M |
| ARCC 5.75 02/01/16 PRN ARES CAPITAL CORP | 1,735,000 | $1.9M |
| JEF 3.75 04/15/14 PRN LEUCADIA NATIONAL CORP | 977,000 | $1.3M |
| TX TERNIUM SA-SPONSORED ADR | 25,900 | $610K |
| SCCO SOUTHERN COPPER CORP | 16,014 | $606K |
| ON 2.625 12/15/26 PRN ON SEMICONDUCTOR CORP | 370,000 | $386K |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.