Historical Stock Holdings

Seth Klarman - Baupost Group

PeriodPortfolio ValueTop 20 holdings history (left to right)
2017   Q3$7.99 B LNG
Cheniere Energy Inc.
11.69% of portfolio
SYF
Synchrony Financial
11.39% of portfolio
VSAT
Viasat Inc.
10.60% of portfolio
QRVO
Qorvo Inc.
7.97% of portfolio
AGN
Allergan Plc
7.61% of portfolio
CLNS
Colony NorthStar Inc.
7.53% of portfolio
FOXA
Twenty-First Century Fox
6.32% of portfolio
AR
Antero Resources
5.96% of portfolio
PBF
PBF Energy Inc.
5.44% of portfolio
TBPH
Theravance Biopharma Inc.
3.99% of portfolio
DVMT
Dell Technologies Inc.
2.95% of portfolio
FOX
Twenty-First Century Fox CL B
2.38% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
2.29% of portfolio
CAH
Cardinal Health Inc.
2.12% of portfolio
ESRX
Express Scripts
2.03% of portfolio
VRTV
Veritiv Corp.
1.24% of portfolio
ATRA
Atara Biotherapeutics Inc.
1.11% of portfolio
MCK
McKesson Corp.
0.96% of portfolio
PRTK
Paratek Pharmaceuticals
0.75% of portfolio
IMOS
ChipMOS TECH
0.74% of portfolio
2017   Q2$8.7 B LNG
Cheniere Energy Inc.
11.61% of portfolio
SYF
Synchrony Financial
10.04% of portfolio
VSAT
Viasat Inc.
10.02% of portfolio
CLNS
Colony NorthStar Inc.
7.76% of portfolio
AGN
Allergan Plc
6.80% of portfolio
QRVO
Qorvo Inc.
6.55% of portfolio
FOXA
Twenty-First Century Fox
6.24% of portfolio
AR
Antero Resources
5.26% of portfolio
TBPH
Theravance Biopharma Inc.
4.25% of portfolio
PBF
PBF Energy Inc.
4.02% of portfolio
DVMT
Dell Technologies Inc.
3.97% of portfolio
QCOM
QUALCOMM Inc.
3.31% of portfolio
FOX
Twenty-First Century Fox CL B
2.33% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
2.14% of portfolio
ESRX
Express Scripts
1.88% of portfolio
CAH
Cardinal Health Inc.
1.82% of portfolio
VRTV
Veritiv Corp.
1.58% of portfolio
FWP
Forward Pharma A/S
1.49% of portfolio
CAR
Avis Budget Group Inc.
1.25% of portfolio
ATRA
Atara Biotherapeutics Inc.
0.86% of portfolio
2017   Q1$8.43 B LNG
Cheniere Energy Inc.
12.18% of portfolio
VSAT
Viasat Inc.
9.96% of portfolio
FOXA
Twenty-First Century Fox
7.35% of portfolio
CLNS
Colony NorthStar Inc.
7.33% of portfolio
SYF
Synchrony Financial
7.18% of portfolio
AGN
Allergan Plc
6.89% of portfolio
QRVO
Qorvo Inc.
5.84% of portfolio
DVMT
Dell Technologies Inc.
4.29% of portfolio
PBF
PBF Energy Inc.
4.13% of portfolio
TBPH
Theravance Biopharma Inc.
4.05% of portfolio
AR
Antero Resources
3.92% of portfolio
QCOM
QUALCOMM Inc.
3.55% of portfolio
FOX
Twenty-First Century Fox CL B
2.74% of portfolio
INVA
Innoviva Inc.
1.90% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
1.88% of portfolio
VRTV
Veritiv Corp.
1.87% of portfolio
MCK
McKesson Corp.
1.76% of portfolio
FWP
Forward Pharma A/S
1.42% of portfolio
ATRA
Atara Biotherapeutics Inc.
1.31% of portfolio
CAH
Cardinal Health Inc.
1.00% of portfolio
2016   Q4$7.6 B LNG
Cheniere Energy Inc.
11.85% of portfolio
VSAT
Viasat Inc.
11.47% of portfolio
SYF
Synchrony Financial
9.87% of portfolio
AGN
Allergan Plc
9.49% of portfolio
FOXA
Twenty-First Century Fox
7.06% of portfolio
PBF
PBF Energy Inc.
5.77% of portfolio
DVMT
Dell Technologies Inc.
4.81% of portfolio
AR
Antero Resources
4.52% of portfolio
TBPH
Theravance Biopharma Inc.
3.89% of portfolio
NSAM
Northstar Asset Management Grp
3.67% of portfolio
NRF
NorthStar Realty Finance Corp.
2.91% of portfolio
FOX
Twenty-First Century Fox CL B
2.61% of portfolio
VRTV
Veritiv Corp.
2.15% of portfolio
INVA
Innoviva Inc.
2.10% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
1.99% of portfolio
MCK
McKesson Corp.
1.85% of portfolio
CLNY
Colony Capital Inc.
1.85% of portfolio
FWP
Forward Pharma A/S
1.06% of portfolio
ATRA
Atara Biotherapeutics Inc.
1.00% of portfolio
CAH
Cardinal Health Inc.
0.98% of portfolio
2016   Q3$7 B LNG
Cheniere Energy Inc.
17.35% of portfolio
VSAT
Viasat Inc.
12.31% of portfolio
SYF
Synchrony Financial
7.03% of portfolio
AGN
Allergan Plc
6.59% of portfolio
AR
Antero Resources
5.59% of portfolio
PBF
PBF Energy Inc.
5.09% of portfolio
DVMT
Dell Technologies Inc.
4.55% of portfolio
FOXA
Twenty-First Century Fox
4.41% of portfolio
TBPH
Theravance Biopharma Inc.
3.81% of portfolio
PYPL
PayPal Holdings Inc.
2.93% of portfolio
FOX
Twenty-First Century Fox CL B
2.57% of portfolio
INVA
Innoviva Inc.
2.35% of portfolio
VRTV
Veritiv Corp.
2.18% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
1.96% of portfolio
NSAM
Northstar Asset Management Grp
1.83% of portfolio
OLN
Olin Corp.
1.81% of portfolio
VMW
VMware Inc.
1.68% of portfolio
ATRA
Atara Biotherapeutics Inc.
1.64% of portfolio
FWP
Forward Pharma A/S
1.61% of portfolio
LVNTA
Liberty Ventures
1.41% of portfolio
2016   Q2$7.33 B EMC
EMC Corp.
21.12% of portfolio
LNG
Cheniere Energy Inc.
15.29% of portfolio
VSAT
Viasat Inc.
11.24% of portfolio
AGN
Allergan Plc
6.31% of portfolio
AR
Antero Resources
5.14% of portfolio
OLN
Olin Corp.
3.64% of portfolio
PBF
PBF Energy Inc.
3.45% of portfolio
C
Citigroup Inc.
2.99% of portfolio
FOXA
Twenty-First Century Fox
2.84% of portfolio
PYPL
PayPal Holdings Inc.
2.82% of portfolio
FOX
Twenty-First Century Fox CL B
2.71% of portfolio
INVA
Innoviva Inc.
2.53% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
2.33% of portfolio
TBPH
Theravance Biopharma Inc.
2.28% of portfolio
VMW
VMware Inc.
1.76% of portfolio
ATRA
Atara Biotherapeutics Inc.
1.65% of portfolio
VRTV
Veritiv Corp.
1.56% of portfolio
FWP
Forward Pharma A/S
1.33% of portfolio
LVNTA
Liberty Ventures
1.25% of portfolio
IMOS
ChipMOS TECH
0.93% of portfolio
2016   Q1$6.87 B EMC
EMC Corp.
20.13% of portfolio
LNG
Cheniere Energy Inc.
14.71% of portfolio
VSAT
Viasat Inc.
12.34% of portfolio
AR
Antero Resources
7.79% of portfolio
AGN
Allergan Plc
6.72% of portfolio
PBF
PBF Energy Inc.
5.15% of portfolio
PYPL
PayPal Holdings Inc.
3.97% of portfolio
INVA
Innoviva Inc.
3.63% of portfolio
FOXA
Twenty-First Century Fox
3.13% of portfolio
FOX
Twenty-First Century Fox CL B
2.99% of portfolio
OLN
Olin Corp.
2.72% of portfolio
TBPH
Theravance Biopharma Inc.
1.78% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
1.75% of portfolio
VMW
VMware Inc.
1.72% of portfolio
VRTV
Veritiv Corp.
1.65% of portfolio
ATRA
Atara Biotherapeutics Inc.
1.49% of portfolio
FWP
Forward Pharma A/S
1.33% of portfolio
NG
NovaGold Resources
1.10% of portfolio
IMOS
ChipMOS TECH
0.95% of portfolio
KLXI
KLX Inc.
0.94% of portfolio
2015   Q4$5.45 B LNG
Cheniere Energy Inc.
17.84% of portfolio
EMC
EMC Corp.
13.79% of portfolio
VSAT
Viasat Inc.
12.92% of portfolio
AR
Antero Resources
7.67% of portfolio
PBF
PBF Energy Inc.
7.45% of portfolio
PYPL
PayPal Holdings Inc.
7.38% of portfolio
INVA
Innoviva Inc.
3.83% of portfolio
FOX
Twenty-First Century Fox CL B
3.26% of portfolio
ATRA
Atara Biotherapeutics Inc.
2.60% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
2.39% of portfolio
OLN
Olin Corp.
2.22% of portfolio
FOXA
Twenty-First Century Fox
2.04% of portfolio
TBPH
Theravance Biopharma Inc.
1.93% of portfolio
VRTV
Veritiv Corp.
1.92% of portfolio
FWP
Forward Pharma A/S
1.87% of portfolio
NG
NovaGold Resources
1.47% of portfolio
IMOS
ChipMOS TECH
1.36% of portfolio
SEMI
SunEdison Semiconductor Ltd.
1.21% of portfolio
KLXI
KLX Inc.
1.13% of portfolio
FTR
Frontier Communications Corp.
0.94% of portfolio
2015   Q3$5.94 B LNG
Cheniere Energy Inc.
18.43% of portfolio
VSAT
Viasat Inc.
12.48% of portfolio
AA
Alcoa Corp.
8.50% of portfolio
PXD
Pioneer Natural Resources
8.47% of portfolio
AR
Antero Resources
5.73% of portfolio
PYPL
PayPal Holdings Inc.
5.70% of portfolio
PBF
PBF Energy Inc.
5.24% of portfolio
EBAY
eBay Inc.
3.83% of portfolio
FOX
Twenty-First Century Fox CL B
2.97% of portfolio
ATRA
Atara Biotherapeutics Inc.
2.84% of portfolio
INVA
Innoviva Inc.
2.40% of portfolio
FWP
Forward Pharma A/S
2.13% of portfolio
OLN
Olin Corp.
1.98% of portfolio
FOXA
Twenty-First Century Fox
1.86% of portfolio
VRTV
Veritiv Corp.
1.75% of portfolio
AER
AerCap Holdings N.V.
1.58% of portfolio
SEMI
SunEdison Semiconductor Ltd.
1.49% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
1.42% of portfolio
NG
NovaGold Resources
1.32% of portfolio
TBPH
Theravance Biopharma Inc.
1.19% of portfolio
2015   Q2$5.92 B LNG
Cheniere Energy Inc.
17.97% of portfolio
VSAT
Viasat Inc.
11.74% of portfolio
PXD
Pioneer Natural Resources
9.52% of portfolio
EBAY
eBay Inc.
9.48% of portfolio
MU
Micron Technology
6.27% of portfolio
INVA
Innoviva Inc.
6.05% of portfolio
PBF
PBF Energy Inc.
5.29% of portfolio
AR
Antero Resources
4.65% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
4.35% of portfolio
ATRA
Atara Biotherapeutics Inc.
4.29% of portfolio
FWP
Forward Pharma A/S
3.45% of portfolio
SEMI
SunEdison Semiconductor Ltd.
2.42% of portfolio
VRTV
Veritiv Corp.
1.53% of portfolio
TBPH
Theravance Biopharma Inc.
1.41% of portfolio
OCN
Ocwen Financial Corp.
1.32% of portfolio
C.WS.A
Citigroup WTS A
1.28% of portfolio
NG
NovaGold Resources
1.25% of portfolio
IMOS
ChipMOS TECH
1.21% of portfolio
FTR
Frontier Communications Corp.
1.13% of portfolio
KLXI
KLX Inc.
1.12% of portfolio
2015   Q1$5.81 B LNG
Cheniere Energy Inc.
18.40% of portfolio
VSAT
Viasat Inc.
11.84% of portfolio
EBAY
eBay Inc.
9.25% of portfolio
MU
Micron Technology
9.21% of portfolio
PXD
Pioneer Natural Resources
8.92% of portfolio
AR
Antero Resources
5.68% of portfolio
INVA
Innoviva Inc.
5.36% of portfolio
PBF
PBF Energy Inc.
5.06% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
4.91% of portfolio
SEMI
SunEdison Semiconductor Ltd.
3.51% of portfolio
ATRA
Atara Biotherapeutics Inc.
3.32% of portfolio
FWP
Forward Pharma A/S
2.62% of portfolio
TBPH
Theravance Biopharma Inc.
1.90% of portfolio
VRTV
Veritiv Corp.
1.73% of portfolio
IMOS
ChipMOS TECH
1.39% of portfolio
OCN
Ocwen Financial Corp.
1.11% of portfolio
NG
NovaGold Resources
1.11% of portfolio
KLXI
KLX Inc.
1.00% of portfolio
KOS
Kosmos Energy Ltd.
0.99% of portfolio
PRTK
Paratek Pharmaceuticals
0.93% of portfolio
2014   Q4$4.95 B LNG
Cheniere Energy Inc.
19.64% of portfolio
VSAT
Viasat Inc.
14.69% of portfolio
MU
Micron Technology
13.94% of portfolio
EBAY
eBay Inc.
10.56% of portfolio
AR
Antero Resources
6.44% of portfolio
INVA
Innoviva Inc.
5.67% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
5.23% of portfolio
PBF
PBF Energy Inc.
4.66% of portfolio
VRTV
Veritiv Corp.
2.43% of portfolio
FWP
Forward Pharma A/S
2.26% of portfolio
TBPH
Theravance Biopharma Inc.
1.83% of portfolio
OCN
Ocwen Financial Corp.
1.82% of portfolio
SEMI
SunEdison Semiconductor Ltd.
1.56% of portfolio
IMOS
ChipMOS TECH
1.55% of portfolio
BXE
Bellatrix Exploration Ltd.
1.33% of portfolio
NG
NovaGold Resources
1.29% of portfolio
PRTK
Paratek Pharmaceuticals
1.25% of portfolio
KOS
Kosmos Energy Ltd.
1.23% of portfolio
ATRA
Atara Biotherapeutics Inc.
1.20% of portfolio
ELOS
Syneron Medical Ltd.
0.46% of portfolio
2014   Q3$5.59 B MU
Micron Technology
31.66% of portfolio
LNG
Cheniere Energy Inc.
16.03% of portfolio
VSAT
Viasat Inc.
11.37% of portfolio
EBAY
eBay Inc.
6.18% of portfolio
INVA
Innoviva Inc.
6.06% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
4.50% of portfolio
OCN
Ocwen Financial Corp.
3.28% of portfolio
PBF
PBF Energy Inc.
3.07% of portfolio
AR
Antero Resources
2.71% of portfolio
TBPH
Theravance Biopharma Inc.
2.50% of portfolio
VRTV
Veritiv Corp.
2.12% of portfolio
RFMD
RF Micro Devices Inc.
2.01% of portfolio
TQNT
TriQuint Semiconductor
2.01% of portfolio
SEMI
SunEdison Semiconductor Ltd.
1.43% of portfolio
IMOS
ChipMOS TECH
1.33% of portfolio
NG
NovaGold Resources
1.18% of portfolio
KOS
Kosmos Energy Ltd.
0.85% of portfolio
ELOS
Syneron Medical Ltd.
0.54% of portfolio
KIN
Kindred Biosciences Inc.
0.50% of portfolio
AOI
Alliance One International Inc.
0.22% of portfolio
2014   Q2$6.05 B MU
Micron Technology
28.16% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
21.00% of portfolio
VSAT
Viasat Inc.
11.06% of portfolio
INVA
Innoviva Inc.
10.05% of portfolio
LNG
Cheniere Energy Inc.
7.10% of portfolio
EBAY
eBay Inc.
3.67% of portfolio
TBPH
Theravance Biopharma Inc.
3.20% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
2.68% of portfolio
PBF
PBF Energy Inc.
2.47% of portfolio
RFMD
RF Micro Devices Inc.
1.55% of portfolio
TQNT
TriQuint Semiconductor
1.54% of portfolio
NG
NovaGold Resources
1.51% of portfolio
IMOS
ChipMOS TECH
1.31% of portfolio
SEMI
SunEdison Semiconductor Ltd.
1.16% of portfolio
KOS
Kosmos Energy Ltd.
0.88% of portfolio
KIN
Kindred Biosciences Inc.
0.85% of portfolio
ELOS
Syneron Medical Ltd.
0.68% of portfolio
BYD
Boyd Gaming Corp.
0.56% of portfolio
AOI
Alliance One International Inc.
0.26% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
0.12% of portfolio
2014   Q1$4.06 B MU
Micron Technology
30.13% of portfolio
VSAT
Viasat Inc.
19.39% of portfolio
INVA
Innoviva Inc.
15.79% of portfolio
LNG
Cheniere Energy Inc.
7.72% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
7.47% of portfolio
BP
BP plc
3.75% of portfolio
PBF
PBF Energy Inc.
3.44% of portfolio
KERX
Keryx Biopharmaceuticals Inc.
2.65% of portfolio
NG
NovaGold Resources
1.93% of portfolio
IMOS
ChipMOS TECH
1.79% of portfolio
RFMD
RF Micro Devices Inc.
1.28% of portfolio
KIN
Kindred Biosciences Inc.
1.26% of portfolio
TQNT
TriQuint Semiconductor
1.26% of portfolio
ELOS
Syneron Medical Ltd.
1.23% of portfolio
AOI
Alliance One International Inc.
0.46% of portfolio
NCQ
NovaCopper Inc.
0.17% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
0.14% of portfolio
ALDW
Alon USA Partners LP
0.14% of portfolio
2013   Q4$3.45 B MU
Micron Technology
32.58% of portfolio
INVA
Innoviva Inc.
20.83% of portfolio
VSAT
Viasat Inc.
20.22% of portfolio
BP
BP plc
7.99% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
6.40% of portfolio
FNF
Fidelity National Financial Inc.
1.86% of portfolio
IMOS
ChipMOS TECH
1.83% of portfolio
PBF
PBF Energy Inc.
1.80% of portfolio
NG
NovaGold Resources
1.60% of portfolio
ELOS
Syneron Medical Ltd.
1.43% of portfolio
ROVI
Rovi Corp.
1.23% of portfolio
KIN
Kindred Biosciences Inc.
0.94% of portfolio
AOI
Alliance One International Inc.
0.56% of portfolio
NCQ
NovaCopper Inc.
0.22% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
0.20% of portfolio
ALDW
Alon USA Partners LP
0.16% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
0.15% of portfolio
2013   Q3$3.4 B MU
Micron Technology
32.90% of portfolio
INVA
Innoviva Inc.
22.27% of portfolio
VSAT
Viasat Inc.
20.60% of portfolio
BP
BP plc
6.92% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
4.53% of portfolio
ROVI
Rovi Corp.
3.48% of portfolio
ORCL
Oracle Corp.
2.33% of portfolio
IMOS
ChipMOS TECH
1.74% of portfolio
NG
NovaGold Resources
1.48% of portfolio
ELOS
Syneron Medical Ltd.
1.01% of portfolio
PBF
PBF Energy Inc.
0.63% of portfolio
AOI
Alliance One International Inc.
0.55% of portfolio
CPF
Central Pacific Financial
0.41% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
0.38% of portfolio
NCQ
NovaCopper Inc.
0.28% of portfolio
ITRN
Ituran Location & Control Ltd.
0.26% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
0.23% of portfolio
2013   Q2$3.84 B VSAT
Viasat Inc.
20.46% of portfolio
BP
BP plc
20.21% of portfolio
INVA
Innoviva Inc.
16.59% of portfolio
MU
Micron Technology
15.48% of portfolio
AIG
American International Group
11.78% of portfolio
ROVI
Rovi Corp.
3.66% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
2.52% of portfolio
ORCL
Oracle Corp.
1.91% of portfolio
IMOS
ChipMOS TECH
1.39% of portfolio
NG
NovaGold Resources
1.19% of portfolio
ELOS
Syneron Medical Ltd.
0.91% of portfolio
AUY
Yamana Gold Inc.
0.81% of portfolio
AOI
Alliance One International Inc.
0.76% of portfolio
CPF
Central Pacific Financial
0.70% of portfolio
ITRN
Ituran Location & Control Ltd.
0.46% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
0.40% of portfolio
KGC
Kinross Gold Corp.
0.28% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
0.25% of portfolio
NCQ
NovaCopper Inc.
0.23% of portfolio
PVG
Pretium Resources Inc.
0.03% of portfolio
2013   Q1$2.93 B BP
BP plc
24.73% of portfolio
VSAT
Viasat Inc.
18.16% of portfolio
AIG
American International Group
15.68% of portfolio
INVA
Innoviva Inc.
10.91% of portfolio
ROVI
Rovi Corp.
5.96% of portfolio
NWS
News Corp. CL B
4.24% of portfolio
ORCL
Oracle Corp.
3.73% of portfolio
ELN
Elan Corp. Plc
3.67% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
3.14% of portfolio
NG
NovaGold Resources
2.68% of portfolio
ELOS
Syneron Medical Ltd.
1.39% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
1.23% of portfolio
AOI
Alliance One International Inc.
1.08% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
1.00% of portfolio
CPF
Central Pacific Financial
0.96% of portfolio
ITRN
Ituran Location & Control Ltd.
0.72% of portfolio
DTV
DIRECTV Group Inc.
0.40% of portfolio
NCQ
NovaCopper Inc.
0.31% of portfolio
2012   Q4$2.99 B BP
BP plc
15.23% of portfolio
VSAT
Viasat Inc.
14.32% of portfolio
ORCL
Oracle Corp.
11.65% of portfolio
NWS
News Corp. CL B
11.43% of portfolio
INVA
Innoviva Inc.
10.09% of portfolio
AIG
American International Group
8.27% of portfolio
NWSA
News Corp.
6.87% of portfolio
GNW
Genworth Financial Inc.
3.77% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
3.36% of portfolio
NG
NovaGold Resources
3.27% of portfolio
ANV
Allied Nevada Gold Corp.
2.88% of portfolio
ROVI
Rovi Corp.
2.14% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
1.32% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
1.16% of portfolio
ELOS
Syneron Medical Ltd.
1.16% of portfolio
AOI
Alliance One International Inc.
1.07% of portfolio
CPF
Central Pacific Financial
0.94% of portfolio
ITRN
Ituran Location & Control Ltd.
0.77% of portfolio
NCQ
NovaCopper Inc.
0.30% of portfolio
2012   Q3$3.26 B BP
BP plc
14.65% of portfolio
ORCL
Oracle Corp.
13.05% of portfolio
VSAT
Viasat Inc.
12.34% of portfolio
INVA
Innoviva Inc.
10.79% of portfolio
NWSA
News Corp.
9.82% of portfolio
HPQ
HP Inc.
7.53% of portfolio
NWS
News Corp. CL B
7.36% of portfolio
ANV
Allied Nevada Gold Corp.
6.06% of portfolio
NG
NovaGold Resources
3.61% of portfolio
GNW
Genworth Financial Inc.
2.41% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
1.92% of portfolio
ROVI
Rovi Corp.
1.84% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
1.68% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
1.63% of portfolio
MSFT
Microsoft Corp.
1.28% of portfolio
ELOS
Syneron Medical Ltd.
1.20% of portfolio
AOI
Alliance One International Inc.
0.87% of portfolio
CPF
Central Pacific Financial
0.79% of portfolio
ITRN
Ituran Location & Control Ltd.
0.60% of portfolio
NCQ
NovaCopper Inc.
0.30% of portfolio
2012   Q2$3.78 B BP
BP plc
14.42% of portfolio
HPQ
HP Inc.
14.28% of portfolio
ORCL
Oracle Corp.
12.41% of portfolio
VSAT
Viasat Inc.
10.62% of portfolio
NWSA
News Corp.
8.87% of portfolio
INVA
Innoviva Inc.
8.55% of portfolio
NWS
News Corp. CL B
6.35% of portfolio
MSFT
Microsoft Corp.
5.66% of portfolio
ANV
Allied Nevada Gold Corp.
3.79% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
2.72% of portfolio
GNW
Genworth Financial Inc.
2.24% of portfolio
NG
NovaGold Resources
2.23% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
1.64% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
1.63% of portfolio
HES
Hess Corp.
1.15% of portfolio
ELOS
Syneron Medical Ltd.
1.10% of portfolio
AOI
Alliance One International Inc.
0.80% of portfolio
CPF
Central Pacific Financial
0.67% of portfolio
ITRN
Ituran Location & Control Ltd.
0.49% of portfolio
SCMR
Sycamore Networks Inc.
0.20% of portfolio
2012   Q1$2.91 B VSAT
Viasat Inc.
17.43% of portfolio
BP
BP plc
14.44% of portfolio
HPQ
HP Inc.
14.15% of portfolio
NWSA
News Corp.
10.21% of portfolio
INVA
Innoviva Inc.
9.77% of portfolio
MSFT
Microsoft Corp.
7.77% of portfolio
NWS
News Corp. CL B
7.33% of portfolio
ANV
Allied Nevada Gold Corp.
4.49% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
2.78% of portfolio
NG
NovaGold Resources
2.47% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
2.17% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
2.12% of portfolio
ELOS
Syneron Medical Ltd.
1.48% of portfolio
AOI
Alliance One International Inc.
1.14% of portfolio
CPF
Central Pacific Financial
0.80% of portfolio
ITRN
Ituran Location & Control Ltd.
0.78% of portfolio
SCMR
Sycamore Networks Inc.
0.32% of portfolio
MGAM-OL
Multimedia Games Inc.
0.22% of portfolio
ALR
Alere Inc.
0.12% of portfolio
2011   Q4$3.28 B BP
BP plc
15.63% of portfolio
VSAT
Viasat Inc.
14.76% of portfolio
HPQ
HP Inc.
14.72% of portfolio
INVA
Innoviva Inc.
9.58% of portfolio
MSFT
Microsoft Corp.
9.49% of portfolio
NWSA
News Corp.
8.18% of portfolio
NWS
News Corp. CL B
5.90% of portfolio
ANV
Allied Nevada Gold Corp.
3.70% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
2.67% of portfolio
GNW
Genworth Financial Inc.
2.00% of portfolio
NG
NovaGold Resources
1.93% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
1.84% of portfolio
PDLI
PDL BioPharma Inc.
1.51% of portfolio
ALR
Alere Inc.
1.41% of portfolio
ELOS
Syneron Medical Ltd.
1.35% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
1.29% of portfolio
CBIO
Catalyst Biosciences
1.02% of portfolio
AOI
Alliance One International Inc.
0.73% of portfolio
CPF
Central Pacific Financial
0.71% of portfolio
ITRN
Ituran Location & Control Ltd.
0.70% of portfolio
2011   Q3$2.97 B BP
BP plc
16.70% of portfolio
HPQ
HP Inc.
15.70% of portfolio
VSAT
Viasat Inc.
11.79% of portfolio
NWSA
News Corp.
10.98% of portfolio
MSFT
Microsoft Corp.
10.07% of portfolio
INVA
Innoviva Inc.
9.66% of portfolio
ANV
Allied Nevada Gold Corp.
4.22% of portfolio
PDLI
PDL BioPharma Inc.
2.92% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
2.59% of portfolio
NWS
News Corp. CL B
2.25% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
2.14% of portfolio
ALR
Alere Inc.
2.05% of portfolio
GNW
Genworth Financial Inc.
1.93% of portfolio
BBEP
Breitburn Energy Partners LP
1.47% of portfolio
ELOS
Syneron Medical Ltd.
1.34% of portfolio
NG
NovaGold Resources
1.09% of portfolio
AOI
Alliance One International Inc.
0.72% of portfolio
ITRN
Ituran Location & Control Ltd.
0.66% of portfolio
CPF
Central Pacific Financial
0.63% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
0.42% of portfolio
2011   Q2$2.35 B VSAT
Viasat Inc.
18.48% of portfolio
NWSA
News Corp.
14.33% of portfolio
MSFT
Microsoft Corp.
13.26% of portfolio
INVA
Innoviva Inc.
12.23% of portfolio
BP
BP plc
10.35% of portfolio
ANV
Allied Nevada Gold Corp.
5.08% of portfolio
ALR
Alere Inc.
4.82% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
3.88% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
3.84% of portfolio
CSE
CapitalSource Inc.
2.86% of portfolio
PDLI
PDL BioPharma Inc.
2.31% of portfolio
BBEP
Breitburn Energy Partners LP
2.07% of portfolio
ELOS
Syneron Medical Ltd.
1.98% of portfolio
AOI
Alliance One International Inc.
1.21% of portfolio
CPF
Central Pacific Financial
1.07% of portfolio
ITRN
Ituran Location & Control Ltd.
1.01% of portfolio
MGAM-OL
Multimedia Games Inc.
0.49% of portfolio
IDIX
Idenix Pharmaceuticals Inc.
0.27% of portfolio
VOXX
VOXX International Corp.
0.25% of portfolio
SCMR
Sycamore Networks Inc.
0.21% of portfolio
2011   Q1$1.71 B VSAT
Viasat Inc.
23.42% of portfolio
NWSA
News Corp.
19.59% of portfolio
INVA
Innoviva Inc.
18.41% of portfolio
ALR
Alere Inc.
7.10% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
5.74% of portfolio
ANV
Allied Nevada Gold Corp.
5.10% of portfolio
CSE
CapitalSource Inc.
4.30% of portfolio
BBEP
Breitburn Energy Partners LP
3.84% of portfolio
PDLI
PDL BioPharma Inc.
3.56% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
2.75% of portfolio
AOI
Alliance One International Inc.
2.07% of portfolio
ITRN
Ituran Location & Control Ltd.
1.48% of portfolio
ELOS
Syneron Medical Ltd.
1.14% of portfolio
MGAM-OL
Multimedia Games Inc.
0.87% of portfolio
VOXX
VOXX International Corp.
0.50% of portfolio
SCMR
Sycamore Networks Inc.
0.14% of portfolio
2010   Q4$1.68 B VSAT
Viasat Inc.
26.60% of portfolio
INVA
Innoviva Inc.
19.42% of portfolio
NWSA
News Corp.
16.53% of portfolio
CSE
CapitalSource Inc.
6.77% of portfolio
ALR
Alere Inc.
6.76% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
6.57% of portfolio
BBEP
Breitburn Energy Partners LP
5.22% of portfolio
AOI
Alliance One International Inc.
2.22% of portfolio
PDLI
PDL BioPharma Inc.
2.08% of portfolio
REGN
Regeneron Pharmaceuticals
1.96% of portfolio
ITRN
Ituran Location & Control Ltd.
1.79% of portfolio
AVEO
AVEO Pharmaceuticals Inc.
1.74% of portfolio
ELOS
Syneron Medical Ltd.
0.91% of portfolio
MGAM-OL
Multimedia Games Inc.
0.86% of portfolio
VOXX
VOXX International Corp.
0.55% of portfolio
2010   Q3$1.61 B VSAT
Viasat Inc.
25.72% of portfolio
INVA
Innoviva Inc.
16.26% of portfolio
NWSA
News Corp.
15.49% of portfolio
BBEP
Breitburn Energy Partners LP
8.14% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
7.27% of portfolio
CSE
CapitalSource Inc.
6.74% of portfolio
STRZA
Starz
4.04% of portfolio
UFS
Domtar Corp.
3.22% of portfolio
ALR
Alere Inc.
2.89% of portfolio
SLRC
Solar Capital Ltd.
2.36% of portfolio
AOI
Alliance One International Inc.
2.27% of portfolio
REGN
Regeneron Pharmaceuticals
1.71% of portfolio
ITRN
Ituran Location & Control Ltd.
1.54% of portfolio
ELOS
Syneron Medical Ltd.
0.93% of portfolio
MGAM-OL
Multimedia Games Inc.
0.60% of portfolio
VOXX
VOXX International Corp.
0.45% of portfolio
EXXI
Energy XXI Gulf Coast Inc.
0.38% of portfolio
2010   Q2$1.33 B VSAT
Viasat Inc.
24.35% of portfolio
NWSA
News Corp.
17.09% of portfolio
INVA
Innoviva Inc.
12.26% of portfolio
BBEP
Breitburn Energy Partners LP
9.28% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
8.13% of portfolio
CSE
CapitalSource Inc.
7.24% of portfolio
UFS
Domtar Corp.
6.73% of portfolio
ADCT
ADC Telecommunications
3.15% of portfolio
SLRC
Solar Capital Ltd.
2.90% of portfolio
AOI
Alliance One International Inc.
2.35% of portfolio
ITRN
Ituran Location & Control Ltd.
1.95% of portfolio
STRZA
Starz
1.64% of portfolio
ELOS
Syneron Medical Ltd.
1.16% of portfolio
MGAM-OL
Multimedia Games Inc.
0.88% of portfolio
VOXX
VOXX International Corp.
0.58% of portfolio
EXXI
Energy XXI Gulf Coast Inc.
0.31% of portfolio
2010   Q1$1.64 B NWSA
News Corp.
20.40% of portfolio
VSAT
Viasat Inc.
18.43% of portfolio
INVA
Innoviva Inc.
10.59% of portfolio
UFS
Domtar Corp.
10.55% of portfolio
BBEP
Breitburn Energy Partners LP
7.75% of portfolio
CSE
CapitalSource Inc.
6.93% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
5.73% of portfolio
DTV
DIRECTV Group Inc.
3.34% of portfolio
FACT
Facet Biotech Corp.
3.30% of portfolio
AOI
Alliance One International Inc.
2.74% of portfolio
SLRC
Solar Capital Ltd.
2.47% of portfolio
ADCT
ADC Telecommunications
2.24% of portfolio
ITRN
Ituran Location & Control Ltd.
1.68% of portfolio
STRZA
Starz
1.41% of portfolio
ELOS
Syneron Medical Ltd.
1.00% of portfolio
VOXX
VOXX International Corp.
0.82% of portfolio
MGAM-OL
Multimedia Games Inc.
0.62% of portfolio
2009   Q4$1.36 B NWSA
News Corp.
24.71% of portfolio
UFS
Domtar Corp.
11.86% of portfolio
VSAT
Viasat Inc.
11.53% of portfolio
INVA
Innoviva Inc.
9.75% of portfolio
BBEP
Breitburn Energy Partners LP
6.64% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
6.28% of portfolio
CSE
CapitalSource Inc.
5.94% of portfolio
CIT
CIT Group
5.26% of portfolio
FACT
Facet Biotech Corp.
4.54% of portfolio
DTV
DIRECTV Group Inc.
3.98% of portfolio
AOI
Alliance One International Inc.
3.17% of portfolio
ITRN
Ituran Location & Control Ltd.
1.63% of portfolio
LMDIA
Liberty Media Ent. OLD
1.44% of portfolio
ELOS
Syneron Medical Ltd.
1.16% of portfolio
MGAM-OL
Multimedia Games Inc.
1.15% of portfolio
VOXX
VOXX International Corp.
0.94% of portfolio
2009   Q3$1.13 B NWSA
News Corp.
25.97% of portfolio
INVA
Innoviva Inc.
11.67% of portfolio
LMDIA
Liberty Media Ent. OLD
11.59% of portfolio
UFS
Domtar Corp.
10.05% of portfolio
BBEP
Breitburn Energy Partners LP
8.53% of portfolio
VSAT
Viasat Inc.
7.15% of portfolio
CSE
CapitalSource Inc.
6.73% of portfolio
FACT
Facet Biotech Corp.
5.35% of portfolio
AOI
Alliance One International Inc.
3.48% of portfolio
ELOS
Syneron Medical Ltd.
2.11% of portfolio
ITRN
Ituran Location & Control Ltd.
1.57% of portfolio
ENZN
Enzon Pharmaceuticals Inc.
1.51% of portfolio
RHIE
RHI Entertainment Inc.
1.35% of portfolio
MGAM-OL
Multimedia Games Inc.
1.18% of portfolio
VOXX
VOXX International Corp.
1.09% of portfolio
FYR
Sapphire Industrials Corp.
0.25% of portfolio
GHC-OLD
Global Consumer Acquisition Corp.
0.19% of portfolio
PAX
Prospect Acquisition Corp.
0.13% of portfolio
EST
Enterprise Acquisition Corp.
0.03% of portfolio
BPW
BPW Acquisition Corp.
0.02% of portfolio
2009   Q2$1.03 B NWSA
News Corp.
21.67% of portfolio
CSE
CapitalSource Inc.
14.06% of portfolio
INVA
Innoviva Inc.
12.79% of portfolio
LMDIA
Liberty Media Ent. OLD
10.90% of portfolio
PDLI
PDL BioPharma Inc.
9.67% of portfolio
BBEP
Breitburn Energy Partners LP
6.31% of portfolio
UFS
Domtar Corp.
5.18% of portfolio
FACT
Facet Biotech Corp.
3.93% of portfolio
AOI
Alliance One International Inc.
3.23% of portfolio
VSAT
Viasat Inc.
3.05% of portfolio
ELOS
Syneron Medical Ltd.
2.15% of portfolio
RHIE
RHI Entertainment Inc.
1.51% of portfolio
ITRN
Ituran Location & Control Ltd.
1.37% of portfolio
MGAM-OL
Multimedia Games Inc.
1.25% of portfolio
HRZ
Horizon Lines Inc.
1.11% of portfolio
VOXX
VOXX International Corp.
1.09% of portfolio
NWS
News Corp. CL B
0.45% of portfolio
GHQ
GHL Acquisition Corp.
0.08% of portfolio
FYR
Sapphire Industrials Corp.
0.08% of portfolio
GHC-OLD
Global Consumer Acquisition Corp.
0.06% of portfolio
2009   Q1$1.01 B NWSA
News Corp.
18.03% of portfolio
INVA
Innoviva Inc.
15.21% of portfolio
PDLI
PDL BioPharma Inc.
10.91% of portfolio
LMDIA
Liberty Media Ent. OLD
8.22% of portfolio
AROC
Archrock Inc.
7.82% of portfolio
LINE
Linn Energy LLC
5.90% of portfolio
BBEP
Breitburn Energy Partners LP
5.49% of portfolio
FACT
Facet Biotech Corp.
4.12% of portfolio
NWS
News Corp. CL B
4.11% of portfolio
UFS
Domtar Corp.
3.82% of portfolio
CSE
CapitalSource Inc.
3.60% of portfolio
VSAT
Viasat Inc.
2.53% of portfolio
AOI
Alliance One International Inc.
2.34% of portfolio
ELOS
Syneron Medical Ltd.
1.81% of portfolio
ITRN
Ituran Location & Control Ltd.
1.29% of portfolio
HRZ
Horizon Lines Inc.
1.09% of portfolio
OMN
Omnova Solutions
0.93% of portfolio
RHIE
RHI Entertainment Inc.
0.74% of portfolio
VOXX
VOXX International Corp.
0.65% of portfolio
MGAM-OL
Multimedia Games Inc.
0.55% of portfolio
2008   Q4$1.11 B NWSA
News Corp.
13.89% of portfolio
LINE
Linn Energy LLC
10.80% of portfolio
INVA
Innoviva Inc.
10.10% of portfolio
AROC
Archrock Inc.
9.47% of portfolio
PDLI
PDL BioPharma Inc.
8.01% of portfolio
LMDIA
Liberty Media Ent. OLD
6.56% of portfolio
BBEP
Breitburn Energy Partners LP
5.19% of portfolio
UFS
Domtar Corp.
5.04% of portfolio
NWS
News Corp. CL B
4.66% of portfolio
IAC
IAC/InterActive Corp.
3.89% of portfolio
RHIE
RHI Entertainment Inc.
2.68% of portfolio
VSAT
Viasat Inc.
2.67% of portfolio
FACT
Facet Biotech Corp.
2.40% of portfolio
ELOS
Syneron Medical Ltd.
2.32% of portfolio
GHQ
GHL Acquisition Corp.
1.83% of portfolio
AOI
Alliance One International Inc.
1.63% of portfolio
FWONA
Liberty Media Corp Formula One Series A
1.47% of portfolio
CSE
CapitalSource Inc.
1.43% of portfolio
HRZ
Horizon Lines Inc.
1.15% of portfolio
ITRN
Ituran Location & Control Ltd.
1.13% of portfolio
2008   Q3$1.63 B NWSA
News Corp.
12.38% of portfolio
LINE
Linn Energy LLC
9.40% of portfolio
PDLI
PDL BioPharma Inc.
7.90% of portfolio
LMDIA
Liberty Media Ent. OLD
7.35% of portfolio
UFS
Domtar Corp.
6.30% of portfolio
ANTM
Anthem Inc.
5.84% of portfolio
AROC
Archrock Inc.
5.67% of portfolio
BBEP
Breitburn Energy Partners LP
5.63% of portfolio
INVA
Innoviva Inc.
4.78% of portfolio
IAC
IAC/InterActive Corp.
3.72% of portfolio
RHIE
RHI Entertainment Inc.
3.18% of portfolio
FYR
Sapphire Industrials Corp.
3.09% of portfolio
ELOS
Syneron Medical Ltd.
2.69% of portfolio
APL
Atlas Pipeline Partners LP
2.59% of portfolio
HRZ
Horizon Lines Inc.
2.34% of portfolio
VSAT
Viasat Inc.
1.77% of portfolio
AOI
Alliance One International Inc.
1.43% of portfolio
GHQ
GHL Acquisition Corp.
1.32% of portfolio
UNH
United Health Group Inc.
1.23% of portfolio
NWS
News Corp. CL B
1.19% of portfolio
2008   Q2$1.98 B ANTM
Anthem Inc.
13.27% of portfolio
NWSA
News Corp.
9.34% of portfolio
AROC
Archrock Inc.
8.16% of portfolio
PDLI
PDL BioPharma Inc.
7.95% of portfolio
UNH
United Health Group Inc.
6.18% of portfolio
UFS
Domtar Corp.
6.15% of portfolio
LINE
Linn Energy LLC
5.24% of portfolio
LMDIA
Liberty Media Ent. OLD
3.91% of portfolio
INVA
Innoviva Inc.
3.76% of portfolio
HRZ
Horizon Lines Inc.
3.57% of portfolio
APL
Atlas Pipeline Partners LP
3.27% of portfolio
ELOS
Syneron Medical Ltd.
2.56% of portfolio
FYR
Sapphire Industrials Corp.
2.55% of portfolio
BGP
Borders Group
1.73% of portfolio
GHC-OLD
Global Consumer Acquisition Corp.
1.38% of portfolio
CSE
CapitalSource Inc.
1.29% of portfolio
MAQ
Marathon Acquisition Corp.
1.14% of portfolio
VSAT
Viasat Inc.
1.14% of portfolio
VOXX
VOXX International Corp.
1.08% of portfolio
GHQ
GHL Acquisition Corp.
1.06% of portfolio
2008   Q1$1.64 B NWSA
News Corp.
14.09% of portfolio
ANTM
Anthem Inc.
12.01% of portfolio
AROC
Archrock Inc.
8.04% of portfolio
UFS
Domtar Corp.
7.73% of portfolio
LINE
Linn Energy LLC
6.01% of portfolio
HRZ
Horizon Lines Inc.
5.03% of portfolio
APL
Atlas Pipeline Partners LP
4.07% of portfolio
INVA
Innoviva Inc.
3.43% of portfolio
ELOS
Syneron Medical Ltd.
2.77% of portfolio
FYR
Sapphire Industrials Corp.
2.58% of portfolio
MAQ
Marathon Acquisition Corp.
2.49% of portfolio
IP
International Paper
2.36% of portfolio
BGP
Borders Group
1.78% of portfolio
GHC-OLD
Global Consumer Acquisition Corp.
1.64% of portfolio
HEK
Heckmann Corp.
1.59% of portfolio
OMN
Omnova Solutions
1.44% of portfolio
VOXX
VOXX International Corp.
1.42% of portfolio
TCW
Triplecrown Acquisition Corp.
1.39% of portfolio
ACMR
AC Moore Arts & Crafts Inc.
1.39% of portfolio
AOI
Alliance One International Inc.
1.35% of portfolio
2007   Q4$1.75 B SLM
SLM Corp.
25.16% of portfolio
NWSA
News Corp.
7.14% of portfolio
LINE
Linn Energy LLC
5.89% of portfolio
UFS
Domtar Corp.
4.67% of portfolio
FAF
First Amer'n Corp.
4.28% of portfolio
APL
Atlas Pipeline Partners LP
4.06% of portfolio
AROC
Archrock Inc.
4.01% of portfolio
HRZ
Horizon Lines Inc.
4.01% of portfolio
MAQ
Marathon Acquisition Corp.
2.34% of portfolio
HEK
Heckmann Corp.
2.10% of portfolio
DSP
SP Acquisition Holdings Inc.
2.10% of portfolio
ELOS
Syneron Medical Ltd.
2.02% of portfolio
TOH
Hicks Acquisition Co. I Inc.
1.83% of portfolio
ACMR
AC Moore Arts & Crafts Inc.
1.76% of portfolio
GHC-OLD
Global Consumer Acquisition Corp.
1.68% of portfolio
OMN
Omnova Solutions
1.48% of portfolio
NAQ
NRDC Acquisition Corp.
1.41% of portfolio
TCW
Triplecrown Acquisition Corp.
1.35% of portfolio
NFG
National Fuel Gas
1.33% of portfolio
PAX
Prospect Acquisition Corp.
1.30% of portfolio
2007   Q3$952 M NWSA
News Corp.
14.13% of portfolio
UFS
Domtar Corp.
8.19% of portfolio
AROC
Archrock Inc.
8.11% of portfolio
SLM
SLM Corp.
7.39% of portfolio
ELOS
Syneron Medical Ltd.
5.71% of portfolio
FAF
First Amer'n Corp.
5.46% of portfolio
BR
Broadridge Financial Solutions
4.45% of portfolio
MAQ
Marathon Acquisition Corp.
4.38% of portfolio
OMN
Omnova Solutions
3.68% of portfolio
FRH
Freedom Acquisition Holdings Inc.
3.31% of portfolio
HRZ
Horizon Lines Inc.
2.70% of portfolio
NFG
National Fuel Gas
2.46% of portfolio
SCHS
School Specialty
2.19% of portfolio
QNTA
Quanta Capital Holdings Ltd.
1.97% of portfolio
GAV
Grubb & Ellis Realty Advisors Inc.
1.83% of portfolio
ACMR
AC Moore Arts & Crafts Inc.
1.79% of portfolio
CORE
Core Mark Holding Co. Inc.
1.66% of portfolio
INSP
InfoSpace Inc.
1.46% of portfolio
AMV
Alternative Asset Management Acquisition Corp.
1.39% of portfolio
MGAM-OL
Multimedia Games Inc.
1.39% of portfolio
2007   Q2$965 M SLM
SLM Corp.
25.66% of portfolio
HD
Home Depot
6.12% of portfolio
FAF
First Amer'n Corp.
5.16% of portfolio
ELOS
Syneron Medical Ltd.
5.00% of portfolio
UCO
Universal Compression Holdings Inc.
4.88% of portfolio
NWSA
News Corp.
4.33% of portfolio
MAQ
Marathon Acquisition Corp.
4.31% of portfolio
OMN
Omnova Solutions
3.95% of portfolio
UFS
Domtar Corp.
3.82% of portfolio
SCHS
School Specialty
3.74% of portfolio
SEA
Star Maritime Acquisition Corp.
3.61% of portfolio
NFG
National Fuel Gas
2.24% of portfolio
INSP
InfoSpace Inc.
2.21% of portfolio
FRH
Freedom Acquisition Holdings Inc.
2.05% of portfolio
GAV
Grubb & Ellis Realty Advisors Inc.
1.76% of portfolio
MGAM-OL
Multimedia Games Inc.
1.73% of portfolio
QNTA
Quanta Capital Holdings Ltd.
1.73% of portfolio
CORE
Core Mark Holding Co. Inc.
1.57% of portfolio
HRZ
Horizon Lines Inc.
1.57% of portfolio
SHA
Shanghai Century Acquisition Corp.
1.15% of portfolio
2007   Q1$764 M SLM
SLM Corp.
21.16% of portfolio
UFS
Domtar Corp.
7.62% of portfolio
HD
Home Depot
7.22% of portfolio
NWSA
News Corp.
5.96% of portfolio
ELOS
Syneron Medical Ltd.
5.31% of portfolio
MAQ
Marathon Acquisition Corp.
4.88% of portfolio
INSP
InfoSpace Inc.
4.88% of portfolio
OMN
Omnova Solutions
3.98% of portfolio
SEA
Star Maritime Acquisition Corp.
3.82% of portfolio
NFG
National Fuel Gas
2.83% of portfolio
HRZ
Horizon Lines Inc.
2.79% of portfolio
FRH
Freedom Acquisition Holdings Inc.
2.26% of portfolio
MGAM-OL
Multimedia Games Inc.
2.20% of portfolio
GAV
Grubb & Ellis Realty Advisors Inc.
2.20% of portfolio
CORE
Core Mark Holding Co. Inc.
1.97% of portfolio
QNTA
Quanta Capital Holdings Ltd.
1.90% of portfolio
CDS.U
Cold Spring Cap Inc.
1.72% of portfolio
HLS
Healthsouth Corp.
1.38% of portfolio
SHA
Shanghai Century Acquisition Corp.
1.33% of portfolio
NAO-OLD
North American Insurance Leaders Inc.
1.28% of portfolio
2006   Q4$756 M MLS
Mills Corp.
13.42% of portfolio
NWSA
News Corp.
11.91% of portfolio
HD
Home Depot
11.69% of portfolio
APOL
Apollo Education Group Inc.
7.38% of portfolio
ELOS
Syneron Medical Ltd.
5.39% of portfolio
INSP
InfoSpace Inc.
4.76% of portfolio
OMN
Omnova Solutions
4.39% of portfolio
SEA
Star Maritime Acquisition Corp.
3.69% of portfolio
HRZ
Horizon Lines Inc.
3.58% of portfolio
MAQ
Marathon Acquisition Corp.
3.11% of portfolio
HLS
Healthsouth Corp.
3.00% of portfolio
NFG
National Fuel Gas
2.55% of portfolio
JAZ
Jazz Technologies Inc.
2.51% of portfolio
GAV
Grubb & Ellis Realty Advisors Inc.
2.20% of portfolio
CORE
Core Mark Holding Co. Inc.
1.98% of portfolio
QNTA
Quanta Capital Holdings Ltd.
1.98% of portfolio
MGAM-OL
Multimedia Games Inc.
1.90% of portfolio
CDS.U
Cold Spring Cap Inc.
1.68% of portfolio
SHA
Shanghai Century Acquisition Corp.
1.28% of portfolio
NAO-OLD
North American Insurance Leaders Inc.
1.26% of portfolio