| ***** NEW POSITIONS TAKEN | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| APOLLO GROUP INCC | 1431600 | $38.97 | $55,789,000 | ||||
| ENCORE WIRE CORPC | 333826 | $22.01 | $7,348,000 | ||||
| HEALTHSOUTH CORPC | 1000000 | $22.65 | $22,650,000 | ||||
| MARATHON ACQUISITION CORPC | 3130400 | $7.50 | $23,478,000 | ||||
| NATIONAL FUEL GAS CO N JC | 500000 | $38.54 | $19,270,000 | ||||
| ***** SOLD OFF | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| CATALYTICA ENERGY SYS INCC | 2730700 | $1.11 | $3,031,000 | ||||
| DURA AUTOMOTIVE SYSTEMS CORPC | 500200 | $0.26 | $130,000 | ||||
| SANFILIPPO JOHN B & SON INCC | 634367 | $10.20 | $6,471,000 | ||||
| WALTER INDS INCC | 410000 | $42.68 | $17,499,000 | ||||
| ***** HOLD POSITIONS | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| ACQUICOR TECHNOLOGY INCC | 3377983 | 3377983 | $5.62 | $5.57 | $18,984,000 | $18,815,000 | |
| ACUSPHERE INCC | 2016098 | 2016098 | $2.44 | $3.61 | $4,919,000 | $7,278,000 | |
| COLD SPRING CAP INCC | 2332050 | 2332050 | $5.44 | $5.37 | $12,689,000 | $12,523,000 | |
| CORE MARK HOLDING CO INCC | 447545 | 447545 | $33.45 | $31.34 | $14,970,000 | $14,026,000 | |
| COURTSIDE ACQUISITION CORPC | 1495500 | 1495500 | $5.43 | $5.30 | $8,121,000 | $7,926,000 | |
| ENDEAVOR ACQUISITION CORPC | 233100 | 233100 | $9.19 | $7.44 | $2,142,000 | $1,734,000 | |
| GENERAL FINANCE CORPC | 538700 | 538700 | $7.70 | $7.35 | $4,148,000 | $3,959,000 | |
| GLOBAL LOGISTICS ACQUISITIONC | 1160100 | 1160100 | $7.64 | $7.54 | $8,863,000 | $8,747,000 | |
| GRUBB&ELLIS RLTY ADVISORS INC | 2948100 | 2948100 | $5.65 | $5.59 | $16,657,000 | $16,480,000 | |
| INDIA GLOBALIZATION CAP INCC | 1066800 | 1066800 | $5.84 | $5.50 | $6,230,000 | $5,867,000 | |
| JK ACQUISITION CORPC | 1453300 | 1453300 | $5.65 | $5.47 | $8,211,000 | $7,950,000 | |
| MILLS CORPC | 5071500 | 5071500 | $20.00 | $16.71 | $101,430,000 | $84,745,000 | |
| NORTH AMERN INS LEADERS INCC | 1293300 | 1293300 | $7.34 | $7.32 | $9,493,000 | $9,467,000 | |
| SYNERON MEDICAL LTDO | 1500000 | 1500000 | $27.13 | $23.10 | $40,695,000 | $34,650,000 | |
| ***** AUGMENTED POSITIONS | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| 116000 | COMMUNITY BANKERS ACQUISITNC | 927400 | 811400 | $7.15 | $7.03 | $6,631,000 | $5,704,000 |
| 286600 | HARBOR ACQUISITION CORPORATIC | 1497300 | 1210700 | $5.44 | $5.36 | $8,145,000 | $6,489,000 |
| 166500 | HD PARTNERS ACQUISITION CORPC | 1129700 | 963200 | $7.35 | $7.29 | $8,303,000 | $7,022,000 |
| 18000 | HEALTHCARE ACQUISITION CP NEC | 168900 | 150900 | $7.41 | $7.21 | $1,252,000 | $1,088,000 |
| 1281386 | INFOSPACE INCC | 1753000 | 471614 | $20.51 | $18.44 | $35,954,000 | $8,697,000 |
| 556700 | MULTIMEDIA GAMES INCC | 1493573 | 936873 | $9.60 | $9.08 | $14,338,000 | $8,507,000 |
| 200000 | QUANTA CAPITAL HLDGS LTDS | 6950000 | 6750000 | $2.15 | $1.84 | $14,943,000 | $12,420,000 |
| 191100 | SHANGHAI CENTURY ACQUISIT COS | 1321733 | 1130633 | $7.31 | $7.10 | $9,662,000 | $8,027,000 |
| 49800 | STAR MARITIME ACQUISITION COC | 2845200 | 2795400 | $9.81 | $9.61 | $27,911,000 | $26,864,000 |
| ***** REDUCED POSITIONS | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| -9888455 | ALLIANCE ONE INTL INCC | 138470 | 10026925 | $7.06 | $4.10 | $978,000 | $41,110,000 |
| -640000 | DIME BANCORP INC NEW* | 780000 | 1420000 | $0.14 | $0.11 | $112,000 | $159,000 |
| -1385000 | HOME DEPOT INCC | 2200000 | 3585000 | $40.16 | $36.27 | $88,352,000 | $130,028,000 |
| -1909400 | HORIZON LINES INCC | 1002400 | 2911800 | $26.96 | $16.70 | $27,025,000 | $48,627,000 |
| -1809500 | NEWS CORPC | 4191700 | 6001200 | $21.48 | $19.65 | $90,038,000 | $117,924,000 |
| -954754 | OMNOVA SOLUTIONS INCC | 7240546 | 8195300 | $4.58 | $4.18 | $33,162,000 | $34,256,000 |
| -1087500 | TRM CORPC | 1353000 | 2440500 | $2.14 | $2.23 | $2,895,000 | $5,442,000 |