UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F HR
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 2009
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: Friedman, Billings, Ramsey Group, Inc.
Address: 1001 19th Street North
Potomac Tower
Arlington, VA 22209
13F File Number: 28-5254
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 the 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: Kurt R. Harrington
Title: Ex. Vice President and Chief Financial Officer
Phone: 703-312-9647
Signature, Place, and Date of Signing:
/s/ Kurt R. Harrington
Kurt R. Harrington Arlington, VA May 14, 2009
Report Type (Check only one.):
( X ) 13F HOLDINGS REPORT
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 225
Form 13F Information Table Value Total: $ 955,438,000
List of Other Included Managers:
No: Name
1) FBR Fund Advisers, Inc.
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5
-------------------------- -------------- --------- --------- --------------
TITLE VALUE SHARES/ SH/PUT/
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRNCALL
-------------------------------------------------------------------------------
1ST SOURCE CORP COM 336901103 1408 78,017 sh
3M COMPANY CALL 88579Y101 226 4,550 prn
99 CENTS ONLY STORES COM 65440K106 53513 5,791,474 sh
ACTIVISION BLIZZARD INC COM 00507V109 157 15,000 sh
AGL RESOURCES INC COM 001204106 3084 116,250 sh
ALLIANT ENERGY CORP COM 018802108 552 22,375 sh
ALLSTATE CORP COM 020002101 192 10,000 sh
AMEREN CORPORATION COM 023608102 559 24,125 sh
AMERICAN EXPRESS CO COM 025816109 532 39,000 sh
AMERICAN MED SYS HLDGS INC NOTE 02744MAA6 1430 2,000,000 sh
AMERICAN TOWER CORP-CL A CL A 029912201 93542 3,074,000 sh
AMERICAN WOODMARK CORP COM 030506109 12822 730,160 sh
AMERICREDIT CORP COM 03060R101 12256 2,091,512 sh
AMERIPRISE FINANCIAL INC COM 03076C106 205 10,000 sh
ANNALY MORTGAGE MANAGEMENT COM 035710409 347 25,000 sh
ANWORTH MORTGAGE ASSET CORP COM 037347101 1262 205,850 sh
APPLE COMPUTER INC COM 037833100 224 2,128 sh
ASSOCIATED BANC-CORP COM 045487105 309 20,000 sh
ASSURANT INC COM 04621X108 1525 70,000 sh
ASSURED GUARANTY LTD COM G0585R106 1659 244,988 sh
ASTORIA FINANCIAL CORP COM 046265104 2573 280,000 sh
ATMOS ENERGY CORP COM 049560105 3865 167,150 sh
AVISTA CORP COM 05379B107 265 19,225 sh
BALLY TECHNOLOGIES INC COM COM 05874B107 29472 1,600,000 sh
BANCORP RHODE ISLAND INC COM 059690107 1239 68,591 sh
BANK MUTUAL CORP COM 063750103 2680 295,792 sh
BANK OF AMERICA CORP COM 060505104 716 105,000 sh
BANK OF AMERICA CORP COM 060505104 82 12,000 sh
BB&T CORP COM 054937107 169 10,000 sh
BERKSHIRE HATHAWAY INC-CL B CL B 084670207 226 80 sh
BERKSHIRE HATHAWAY INC-CL B CL B 084670207 395 140 sh
BIOMARIN PHARMACEUTICAL INC SR NOTE 09061GAD3 2312 3,000,000 sh
BLACK HILLS CORP COM 092113109 298 16,650 sh
BLACKROCK INC DBCV 09247XAB7 797 575,000 sh
BOK FINANCIAL CORPORATION NEW 05561Q201 2760 80,000 sh
BOSTON PRIVATE FINL HOLDINGS INCNOTE 101119AC9 2 2,000 sh
BROOKLINE BANCORP INC COM 11373M107 2898 305,000 sh
CAPE BANCORP INC COM 139209100 1240 176,413 sh
CAPITAL ONE FINANCIAL CORP COM 14040H105 600 49,000 sh
CAPITOL FEDERAL FINANCIAL COM 14057C106 756 20,000 sh
CAPSTEAD MORTGAGE CORP COMNOPAR 14067E506 793 73,850 sh
CARMAX INC COM 143130102 38901 3,127,088 sh
CATHAY GENERAL BANCORP COM 149150104 209 20,000 sh
CENTERPOINT ENERGY INC COM 15189T107 2499 239,600 sh
CENTEX CORP. COM 152312104 450 60,000 sh
CENTRAL PACIFIC FINANCIAL CO COM 154760102 855 152,600 sh
CH ENERGY GROUP INC COM 12541M102 307 6,550 sh
CHENIERE ENERGY INC COM NEW COM 16411R208 347 81,550 sh
CHENIERE ENERGY INC NOTE 16411RAE9 974 4,000,000 sh
CHESAPEAKE UTILITIES CORP COM 165303108 285 9,365 sh
CHIMERA INVESTMENT CORP COM 16934Q109 1539 458,108 sh
CIT GROUP INC COM 125581108 1525 535,000 sh
CITIGROUP INC COM 172967101 228 90,000 sh
CITIGROUP INC COM 172967101 378 15,000 sh
CITIZENS BANKING CORP COM 174420109 419 270,000 sh
CMS ENERGY CORP COM 125896100 1472 124,350 sh
COLONIAL BANCGROUP INC COM 195493309 297 330,000 sh
COMERICA INC COM 200340107 403 22,000 sh
COMERICA INC COM 200340107 2598 141,900 sh
CONSOLIDATED EDISON INC COM 209115104 3322 83,875 sh
CONSTELLATION ENERGY GROUP COM 210371100 408 19,750 sh
Corning Inc COM 219350105 221 16,625 sh
CVB FINANCIAL CORP COM 126600105 166 25,000 sh
DANVERS BANCORP INC COM 236442109 2524 182,762 sh
DEL MONTE FOODS CO COM 24522P103 73 10,000 sh
DIME COMMUNITY BANCSHARES COM 253922108 1259 134,264 sh
DOMINION RESOURCES INC/VA COM 25746U109 7717 249,000 sh
DR HORTON INC COM 23331A109 825 85,000 sh
DTE ENERGY COMPANY COM 233331107 1192 43,025 sh
Duke Energy COM 26441C105 1096 76,537 sh
DYNAMEX INC COM 26784F103 10619 811,824 sh
DYNAVAX TECHNOLOGIES CORP COM 268158102 44 69,444 sh
EAST WEST BANCORP INC COM 27579R104 503 110,000 sh
EL PASO CORP COM 28336L109 4894 783,050 sh
EMC CORP/MASS COM 268648102 142 12,435 sh
ENBRIDGE INC COM 29250N105 7664 266,117 sh
ENCORE CAPITAL GROUP COM 292554102 3519 776,913 sh
ENERGEN CORP COM 29265N108 1414 48,525 sh
ENERGY CONVERSION DEVICES INC NOTE 292659AA7 740 1,426,000 sh
ENSTAR GROUP LIMITED SHS G3075P101 11423 202,815 sh
ENTERGY CORP COM 29364G103 205 3,015 sh
ENTERTAINMENT PPTYS PFD C 29380T402 893 128,695 sh
EQT CORP COM 26884L109 2961 94,500 sh
EQUINIX INC COM 29444U502 28 500 sh
EXELON CORP COM 30161N101 2920 64,325 sh
FBR CAPITAL MARKETS CORP COM 30247C301 4935 1,500,000 sh
FBR CAPITAL MARKETS CORP COM 30247C301 39 12,000 sh
FIDELITY NATL FNCL INC CL A CL A 31620R105 293 15,000 sh
FIFTH THIRD BANCORP COM 316773100 1927 660,000 sh
FIRST HORIZON NATIONAL CORP COM 320517105 1435 133,600 sh
FIRST NIAGARA FINANCIAL GRP COM 33582V108 6538 60,000 sh
FIRSTMERIT CORP COM 337915102 9108 50,000 sh
Flagstone Reinsurance Hldg/fsr SHS G3529T105 129868 1,667,025 sh
FLUSHING FINANCIAL CORP COM 343873105 2168 360,121 sh
FRIEDMAN BILLINGS RAMSEY-A CL A 358434108 20 99,930 sh
FRIEDMAN BILLINGS RAMSEY-A CL A 358434108 56 277,696 sh
FRIEDMAN BILLINGS RAMSEY-A CL A 358434108 114 574,122 sh
FULTON FINANCIAL CORP-PA COM 360271100 431 65,000 sh
GOLDMAN SACHS GROUP INC COM 38141G104 403 3,800 sh
GOOGLE INC CL A 38259P508 200 575 sh
GREATBATCH INC. SDCV 39153LAB2 3034 4,074,000 sh
GRUBB & ELLIS CO NEW COM PAR $0.01 400095204 149 236,558 sh
GRUBB & ELLIS CO NEW COM PAR $0.01 400095204 149 236,558 sh
HANA BIOSCIENCES INC COM 40963P105 13 93,551 sh
HFF INC CL A CL A 40418F108 676 337,840 sh
HINGHAM INSTITUTION FOR SVGS COM 433323102 2732 99,331 sh
HUDSON CITY BANCORP INC COM 443683107 292 25,000 sh
HUDSON CITY BANCORP INC COM 443683107 161 13,800 sh
HUDSON CITY BANCORP INC COM 443683107 2572 220,000 sh
HUDSON CITY BANCORP INC COM 443683107 119 10,100 sh
INDEPENDENT BANK CORP/MA COM 453836108 2896 196,345 sh
Integrys Energy Group COM 45822P105 1541 59,171 sh
INTEL CORP COM 458140100 230 15,275 sh
INTEL CORP SDCV 458140AD2 19 23,000 sh
INTERACTIVE BROKERS GROUP INC COM 45841N107 1048 65,000 sh
INVESTORS BANCORP INC COM 46146P102 910 107,400 sh
INVACARE CORP DBCV 461203AD3 2349 2,900,000 sh
INVITROGEN CORP NOTE 46185RAM2 321 335,000 sh
Iron Mountain Inc/irm COM 462846106 4062 183,200 sh
JPMORGAN CHASE & CO COM 46625H100 771 29,000 sh
KB HOME COM 48666K109 2504 190,000 sh
KEYCORP COM 493267108 740 94,000 sh
LACLEDE GROUP INC/THE COM 505597104 1425 36,550 sh
LAMAR ADVERTISING CO-CL A CL A 512815101 17843 1,830,000 sh
LEHMAN BROTHERS HOLDING CONV SR 52523J453 1 1,000 sh
LENNAR CORPORATION N/C TO LENNARCL A 526057104 789 105,000 sh
LIFEPOINT HOSPITALS INC NOTE 53219LAH2 4 6,000 sh
M & T BANK CORP COM 55261F104 588 13,000 sh
MAIDEN HOLDINGS LTD SHS G5753U112 652 145,946 sh
MARKEL CORP COM 570535104 72503 255,400 sh
MARSHALL & ILSLEY CORP COM 571837103 901 160,000 sh
MBIA Inc/mbi COM 55262C100 802 175,000 sh
MDU RESOURCES GROUP INC COM 552690109 1524 94,400 sh
MEDAREX INC NOTE 583916AG6 0 2,009,000 sh
METLIFE INC COM 59156R108 455 20,000 sh
MFA MORTGAGE INVESTMENTS INC COM 55272X102 1319 224,250 sh
MGE ENERGY INC COM 55277P104 209 6,678 sh
MIDDLEBROOK PHARMACEUTICALS COM 596087106 330 242,855 sh
MONARCH CASINO & RESORT INC COM 609027107 5119 992,000 sh
MORGAN STANLEY COM 617446448 478 21,000 sh
NARA BANCORP INC COM 63080P105 779 265,000 sh
NATIONAL FUEL GAS CO COM 636180101 2917 95,100 sh
NATIONAL GRID PLC SPON ADR NEW ADR 636274300 7854 203,261 sh
NATIONAL PENN BANCSHARES INC COM 637138108 166 20,000 sh
NEW JERSEY RESOURCES CORP COM 646025106 1918 56,450 sh
NEW YORK COMMUNITY BANCORP COM 649445103 335 30,000 sh
NEWALLIANCE BANCSHARES INC COM 650203102 998 85,000 sh
NEWMONT MINING CORP COM 651639106 363 8,100 sh
NICOR INC COM 654086107 2713 81,650 sh
NISOURCE INC COM 65473P105 3094 315,750 sh
NORTHEAST UTILITIES COM 664397106 540 25,000 sh
NORTHWEST BANCORP INC COM 667328108 507 30,000 sh
NORTHWEST NATURAL GAS CO COM 667655104 2206 50,800 sh
NORTHWESTERN CORP COM NEW COM 668074305 5374 21,376 sh
NSTAR COM 67019E107 664 20,825 sh
NUANCE COMMUNICATIONS DBCV 67020YAB6 824 1,000,000 sh
NV ENERGY INC COM 67073Y106 120 12,825 sh
O REILLY AUTOMOTIVE INC COM 686091109 56789 1,622,076 sh
OCEANFIRST FINANCIAL CORP COM 675234108 265 25,886 sh
ONEOK INC COM 682680103 3094 136,700 sh
P G & E CORP COM 69331C108 7102 185,825 sh
PACIFIC PREMIER BANCORP INC COM 69478X105 268 61,887 sh
PARKVALE FINANCIAL CORP COM 701492100 1925 175,338 sh
PEABODY ENERGY CORPORATION SDCV 704549AG9 6 42,000 sh
PENN NATIONAL GAMING INC COM 707569109 69586 2,881,420 sh
PEOPLES UTD FINL INC COM 712704105 980 54,525 sh
PEPCO HOLDINGS INC COM 713291102 141 11,266 sh
PIEDMONT NATURAL GAS CO COM 720186105 3644 140,750 sh
PINNACLE ENTERTAINMENT INC COM 723456109 6313 896,730 sh
PNC FINANCIAL SERVICES GROUP COM 693475105 381 13,000 sh
Pool Corp/pool COM 73278L105 23115 1,725,000 sh
PRINCIPAL FINANCIAL GROUP INC COM 74251V102 1636 200,000 sh
PROVIDENT FINANCIAL SERVICES COM 74386T105 374 34,600 sh
PRUDENTIAL FINANCIAL INC COM 744320102 342 18,000 sh
PUBLIC SERVICE ENTERPRISE GP COM 744573106 6248 212,000 sh
PULTE HOMES INC COM 745867101 1312 120,000 sh
QUESTAR CORP COM 748356102 3947 134,100 sh
REDWOOD TRUST INC COM 758075402 2740 178,514 sh
REGIONS FINANCIAL CORP COM 7591EP100 788 185,000 sh
SEMPRA ENERGY COM COM 816851109 7954 172,025 sh
SEPRACOR INC NOTE 817315AU8 2285 2,635,000 sh
SIMPSON MANUFACTURING CO INC COM 829073105 14416 800,000 sh
SOUTH FINANCIAL GROUP INC COM 837841105 624 567,200 sh
SOUTH JERSEY INDUSTRIES COM 838518108 1724 49,260 sh
SOUTHERN UNION CO COM 844030106 2818 185,157 sh
SOUTHWEST GAS CORP COM 844895102 1736 82,400 sh
SPECTRA ENERGY CORP COM COM 847560109 7731 546,718 sh
STATE BANCORP INC COM 855716106 582 75,552 sh
SUNPOWER DBCV 867652AA7 3833 5,500,000 sh
SUNTECH POWER HOLDINGS CO LTD NOTE 86800CAE4 474 1,000,000 sh
SUNTRUST BANKS INC CALL 867914103 704 60,000 sh
SVB FINANCIAL GROUP COM 78486Q101 1401 70,000 sh
SYNOVUS FINANCIAL CORP CALL 87161C105 813 250,000 prn
T ROWE PRICE GROUP INC COM 74144T108 3608 125,000 sh
TCF FINANCIAL CORP COM 872275102 2360 200,700 sh
TECO ENERGY INC COM 872375100 527 47,275 sh
TFS FINANCIAL CORP CALL 87240R107 182 15,000 prn
THERAVANCE INC NOTE 88338TAA2 22 28,000 sh
THORATEC CORP NOTE 885175AB5 25 31,000 sh
TRANSCANADA CORP COM 89353D107 76 321,300 sh
TRANSOCEAN INC NOTE 893830AU3 78 87,000 sh
UGI CORP COM 902681105 1627 68,925 sh
US BANCORP COM 902973304 146 10,000 sh
USEC INC NOTE 90333EAC2 2762 5,000,000 sh
VECTREN CORPORATION COM 92240G101 1068 50,655 sh
VISA INC-CLASS A SHARES CALL 92826C839 500 9,000 prn
VORNADO REALTY TRUST DBCV 929043AE7 73 93,000 sh
WASHINGTON FEDERAL INC COM 938824109 2149 161,734 sh
WEBSTER FINANCIAL CORP COM 947890109 2751 647,200 sh
WELLS FARGO & COMPANY COM 949746101 399 28,000 sh
WESTERN ALLIANCE BANCORP CALL 957638109 253 55,500 prn
WGL HOLDINGS INC COM 92924F106 2922 89,100 sh
WHITE RIVER CAPITAL INC COM 96445P105 1039 173,137 sh
WHITNEY HOLDING CORP CALL 966612103 776 67,800 prn
WILLIAMS COS INC COM 969457100 3481 305,850 sh
WILMINGTON TRUST CORP CALL 971807102 733 75,600 prn
WILSHIRE BANCORP INC COM 97186T108 129 25,000 sh
WINTRUST FINANCIAL CORP CALL 97650W108 185 15,000 prn
WISCONSIN ENERGY CORP COM 976657106 1113 27,025 sh
WSFS FINANCIAL CORP COM 929328102 2655 118,732 sh
XCEL ENERGY INC COM 98389B100 1920 103,050 sh
YAHOO! INC CALL 984332106 138 10,825 prn
ZIONS BANCORPORATION COM 989701107 1966 200,000 sh
ZIOPHARM ONCOLOGY INC COM 98973P101 103 163,930 sh
FRIEDMAN BILLINGS RAMSEY-A CL A 358434108 44 219,988 sh
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
-------------------------- -------------- --------- --------- ------------
INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER DSCRETN MNGRS [SOLE] [SHARED] [NONE]
-----------------------------------------------------------------------------
1ST SOURCE CORP sh-defined 1 78017 0 0
3M COMPANY sh-defined 1 4550 0 0
99 CENTS ONLY STORES sh-defined 1 5791474 0 0
ACTIVISION BLIZZARD INC sh-defined 1 15000 0 0
AGL RESOURCES INC sh-defined 1 116250 0 0
ALLIANT ENERGY CORP sh-defined 1 22375 0 0
ALLSTATE CORP sh-defined 1 10000 0 0
AMEREN CORPORATION sh-defined 1 24125 0 0
AMERICAN EXPRESS CO sh-defined 1 39000 0 0
AMERICAN MED SYS HLDGS INC sh-defined 1 2000000 0 0
AMERICAN TOWER CORP-CL A sh-defined 1 3074000 0 0
AMERICAN WOODMARK CORP sh-defined 1 730160 0 0
AMERICREDIT CORP sh-defined 1 2091512 0 0
AMERIPRISE FINANCIAL INC sh-defined 1 10000 0 0
ANNALY MORTGAGE MANAGEMENT sh-defined 1 25000 0 0
ANWORTH MORTGAGE ASSET CORP sh-defined 1 205850 0 0
APPLE COMPUTER INC sh-defined 1 2128 0 0
ASSOCIATED BANC-CORP sh-defined 1 20000 0 0
ASSURANT INC sh-defined 1 70000 0 0
ASSURED GUARANTY LTD sh-defined 1 244988 0 0
ASTORIA FINANCIAL CORP sh-defined 1 280000 0 0
ATMOS ENERGY CORP sh-defined 1 167150 0 0
AVISTA CORP sh-defined 1 19225 0 0
BALLY TECHNOLOGIES INC COM sh-defined 1 1600000 0 0
BANCORP RHODE ISLAND INC sh-defined 1 68591 0 0
BANK MUTUAL CORP sh-defined 1 295792 0 0
BANK OF AMERICA CORP sh-defined 1 105000 0 0
BANK OF AMERICA CORP sh-defined 1 12000 0 0
BB&T CORP sh-defined 1 10000 0 0
BERKSHIRE HATHAWAY INC-CL B sh-defined 1 80 0 0
BERKSHIRE HATHAWAY INC-CL B sh-defined 1 140 0 0
BIOMARIN PHARMACEUTICAL INC SR sh-defined 1 3000000 0 0
BLACK HILLS CORP sh-defined 1 16650 0 0
BLACKROCK INC sh-defined 1 575000 0 0
BOK FINANCIAL CORPORATION sh-defined 1 80000 0 0
BOSTON PRIVATE FINL HOLDINGS INC sh-defined 1 2000 0 0
BROOKLINE BANCORP INC sh-defined 1 305000 0 0
CAPE BANCORP INC sh-defined 1 176413 0 0
CAPITAL ONE FINANCIAL CORP sh-defined 1 49000 0 0
CAPITOL FEDERAL FINANCIAL sh-defined 1 20000 0 0
CAPSTEAD MORTGAGE CORP sh-defined 1 73850 0 0
CARMAX INC sh-defined 1 3127088 0 0
CATHAY GENERAL BANCORP sh-defined 1 20000 0 0
CENTERPOINT ENERGY INC sh-defined 1 239600 0 0
CENTEX CORP. sh-defined 1 60000 0 0
CENTRAL PACIFIC FINANCIAL CO sh-defined 1 152600 0 0
CH ENERGY GROUP INC sh-defined 1 6550 0 0
CHENIERE ENERGY INC COM NEW sh-defined 1 81550 0 0
CHENIERE ENERGY INC sh-defined 1 4000000 0 0
CHESAPEAKE UTILITIES CORP sh-defined 1 9365 0 0
CHIMERA INVESTMENT CORP sh-defined 1 458108 0 0
CIT GROUP INC sh-defined 1 535000 0 0
CITIGROUP INC sh-defined 1 90000 0 0
CITIGROUP INC sh-defined 1 15000 0 0
CITIZENS BANKING CORP sh-defined 1 270000 0 0
CMS ENERGY CORP sh-defined 1 124350 0 0
COLONIAL BANCGROUP INC sh-defined 1 330000 0 0
COMERICA INC sh-defined 1 22000 0 0
COMERICA INC sh-defined 1 141900 0 0
CONSOLIDATED EDISON INC sh-defined 1 83875 0 0
CONSTELLATION ENERGY GROUP sh-defined 1 19750 0 0
Corning Inc sh-defined 1 16625 0 0
CVB FINANCIAL CORP sh-defined 1 25000 0 0
DANVERS BANCORP INC sh-defined 1 182762 0 0
DEL MONTE FOODS CO sh-defined 1 10000 0 0
DIME COMMUNITY BANCSHARES sh-defined 1 134264 0 0
DOMINION RESOURCES INC/VA sh-defined 1 249000 0 0
DR HORTON INC sh-defined 1 85000 0 0
DTE ENERGY COMPANY sh-defined 1 43025 0 0
Duke Energy sh-defined 1 76537 0 0
DYNAMEX INC sh-defined 1 811824 0 0
DYNAVAX TECHNOLOGIES CORP sh-defined 1 69444 0 0
EAST WEST BANCORP INC sh-defined 1 110000 0 0
EL PASO CORP sh-defined 1 783050 0 0
EMC CORP/MASS sh-defined 1 12435 0 0
ENBRIDGE INC sh-defined 1 266117 0 0
ENCORE CAPITAL GROUP sh-defined 1 776913 0 0
ENERGEN CORP sh-defined 1 48525 0 0
ENERGY CONVERSION DEVICES INC sh-defined 1 1426000 0 0
ENSTAR GROUP LIMITED sh-defined 1 202815 0 0
ENTERGY CORP sh-defined 1 3015 0 0
ENTERTAINMENT PPTYS sh-defined 1 128695 0 0
EQT CORP sh-defined 1 94500 0 0
EQUINIX INC sh-defined 1 500 0 0
EXELON CORP sh-defined 1 64325 0 0
FBR CAPITAL MARKETS CORP sh-defined 1 1500000 0 0
FBR CAPITAL MARKETS CORP sh-defined 1 12000 0 0
FIDELITY NTNL FNCL INC CL A sh-defined 1 15000 0 0
FIFTH THIRD BANCORP sh-defined 1 660000 0 0
FIRST HORIZON NATIONAL CORP sh-defined 1 133600 0 0
FIRST NIAGARA FINANCIAL GRP sh-defined 1 60000 0 0
FIRSTMERIT CORP sh-defined 1 50000 0 0
Flagstone Reinsurance Hldg/fsr sh-defined 1 1667025 0 0
FLUSHING FINANCIAL CORP sh-defined 1 360121 0 0
FRIEDMAN BILLINGS RAMSEY-A sh-defined 1 99930 0 0
FRIEDMAN BILLINGS RAMSEY-A sh-defined 1 277696 0 0
FRIEDMAN BILLINGS RAMSEY-A sh-defined 1 574122 0 0
FULTON FINANCIAL CORP-PA sh-defined 1 65000 0 0
GOLDMAN SACHS GROUP INC sh-defined 1 3800 0 0
GOOGLE INC sh-defined 1 575 0 0
GREATBATCH INC. sh-defined 1 4074000 0 0
GRUBB & ELLIS CO NEW sh-defined 1 236558 0 0
GRUBB & ELLIS CO NEW sh-defined 0 236558 0 0
HANA BIOSCIENCES INC sh-defined 1 93551 0 0
HFF INC CL A sh-defined 1 337840 0 0
HINGHAM INSTITUTION FOR SVGS sh-defined 1 99331 0 0
HUDSON CITY BANCORP INC sh-defined 1 25000 0 0
HUDSON CITY BANCORP INC sh-defined 1 13800 0 0
HUDSON CITY BANCORP INC sh-defined 1 220000 0 0
HUDSON CITY BANCORP INC sh-defined 1 10100 0 0
INDEPENDENT BANK CORP/MA sh-defined 1 196345 0 0
Integrys Energy Group sh-defined 1 59171 0 0
INTEL CORP sh-defined 1 15275 0 0
INTEL CORP sh-defined 1 23000 0 0
INTERACTIVE BROKERS GROUP INC sh-defined 1 65000 0 0
INVESTORS BANCORP INC sh-defined 1 107400 0 0
INVACARE CORP sh-defined 1 2900000 0 0
INVITROGEN CORP sh-defined 1 335000 0 0
Iron Mountain Inc/irm sh-defined 1 183200 0 0
JPMORGAN CHASE & CO sh-defined 1 29000 0 0
KB HOME sh-defined 1 190000 0 0
KEYCORP sh-defined 1 94000 0 0
LACLEDE GROUP INC/THE sh-defined 1 36550 0 0
LAMAR ADVERTISING CO-CL A sh-defined 1 1830000 0 0
LEHMAN BROTHERS HOLDING sh-defined 1 1000 0 0
LENNAR CORPORATION N/C TO LENNAR sh-defined 1 105000 0 0
LIFEPOINT HOSPITALS INC sh-defined 1 6000 0 0
M & T BANK CORP sh-defined 1 13000 0 0
MAIDEN HOLDINGS LTD sh-defined 1 145946 0 0
MARKEL CORP sh-defined 1 255400 0 0
MARSHALL & ILSLEY CORP sh-defined 1 160000 0 0
MBIA Inc/mbi sh-defined 1 175000 0 0
MDU RESOURCES GROUP INC sh-defined 1 94400 0 0
MEDAREX INC sh-defined 1 2009000 0 0
METLIFE INC sh-defined 1 20000 0 0
MFA MORTGAGE INVESTMENTS INC sh-defined 1 224250 0 0
MGE ENERGY INC sh-defined 1 6678 0 0
MIDDLEBROOK PHARMACEUTICALS sh-defined 1 242855 0 0
MONARCH CASINO & RESORT INC sh-defined 1 992000 0 0
MORGAN STANLEY sh-defined 1 21000 0 0
NARA BANCORP INC sh-defined 1 265000 0 0
NATIONAL FUEL GAS CO sh-defined 1 95100 0 0
NATIONAL GRID PLC SPON ADR NEW sh-defined 1 203261 0 0
NATIONAL PENN BANCSHARES INC sh-defined 1 20000 0 0
NEW JERSEY RESOURCES CORP sh-defined 1 56450 0 0
NEW YORK COMMUNITY BANCORP sh-defined 1 30000 0 0
NEWALLIANCE BANCSHARES INC sh-defined 1 85000 0 0
NEWMONT MINING CORP sh-defined 1 8100 0 0
NICOR INC sh-defined 1 81650 0 0
NISOURCE INC sh-defined 1 315750 0 0
NORTHEAST UTILITIES sh-defined 1 25000 0 0
NORTHWEST BANCORP INC sh-defined 1 30000 0 0
NORTHWEST NATURAL GAS CO sh-defined 1 50800 0 0
NORTHWESTERN CORP COM NEW sh-defined 1 21376 0 0
NSTAR sh-defined 1 20825 0 0
NUANCE COMMUNICATIONS sh-defined 1 1000000 0 0
NV ENERGY INC sh-defined 1 12825 0 0
O REILLY AUTOMOTIVE INC sh-defined 1 1622076 0 0
OCEANFIRST FINANCIAL CORP sh-defined 1 25886 0 0
ONEOK INC sh-defined 1 136700 0 0
P G & E CORP sh-defined 1 185825 0 0
PACIFIC PREMIER BANCORP INC sh-defined 1 61887 0 0
PARKVALE FINANCIAL CORP sh-defined 1 175338 0 0
PEABODY ENERGY CORPORATION sh-defined 1 42000 0 0
PENN NATIONAL GAMING INC sh-defined 1 2881420 0 0
PEOPLES UTD FINL INC sh-defined 1 54525 0 0
PEPCO HOLDINGS INC sh-defined 1 11266 0 0
PIEDMONT NATURAL GAS CO sh-defined 1 140750 0 0
PINNACLE ENTERTAINMENT INC sh-defined 1 896730 0 0
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Pool Corp/pool sh-defined 1 1725000 0 0
PRINCIPAL FINANCIAL GROUP INC sh-defined 1 200000 0 0
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PRUDENTIAL FINANCIAL INC sh-defined 1 18000 0 0
PUBLIC SERVICE ENTERPRISE GP sh-defined 1 212000 0 0
PULTE HOMES INC sh-defined 1 120000 0 0
QUESTAR CORP sh-defined 1 134100 0 0
REDWOOD TRUST INC sh-defined 1 178514 0 0
REGIONS FINANCIAL CORP sh-defined 1 185000 0 0
SEMPRA ENERGY COM sh-defined 1 172025 0 0
SEPRACOR INC sh-defined 1 2635000 0 0
SIMPSON MANUFACTURING CO INC sh-defined 1 800000 0 0
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STATE BANCORP INC sh-defined 1 75552 0 0
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SUNTECH POWER HOLDINGS CO LTD sh-defined 1 1000000 0 0
SUNTRUST BANKS INC sh-defined 1 60000 0 0
SVB FINANCIAL GROUP sh-defined 1 70000 0 0
SYNOVUS FINANCIAL CORP sh-defined 1 250000 0 0
T ROWE PRICE GROUP INC sh-defined 1 125000 0 0
TCF FINANCIAL CORP sh-defined 1 200700 0 0
TECO ENERGY INC sh-defined 1 47275 0 0
TFS FINANCIAL CORP sh-defined 1 15000 0 0
THERAVANCE INC sh-defined 1 28000 0 0
THORATEC CORP sh-defined 1 31000 0 0
TRANSCANADA CORP sh-defined 1 321300 0 0
TRANSOCEAN INC sh-defined 1 87000 0 0
UGI CORP sh-defined 1 68925 0 0
US BANCORP sh-defined 1 10000 0 0
USEC INC sh-defined 1 500000 0 0
VECTREN CORPORATION sh-defined 1 50655 0 0
VISA INC-CLASS A SHARES sh-defined 1 9000 0 0
VORNADO REALTY TRUST sh-defined 1 93000 0 0
WASHINGTON FEDERAL INC sh-defined 1 161734 0 0
WEBSTER FINANCIAL CORP sh-defined 1 647200 0 0
WELLS FARGO & COMPANY sh-defined 1 28000 0 0
WESTERN ALLIANCE BANCORP sh-defined 1 55500 0 0
WGL HOLDINGS INC sh-defined 1 89100 0 0
WHITE RIVER CAPITAL INC sh-defined 1 173137 0 0
WHITNEY HOLDING CORP sh-defined 1 67800 0 0
WILLIAMS COS INC sh-defined 1 305850 0 0
WILMINGTON TRUST CORP sh-defined 1 75600 0 0
WILSHIRE BANCORP INC sh-defined 1 25000 0 0
WINTRUST FINANCIAL CORP sh-defined 1 15000 0 0
WISCONSIN ENERGY CORP sh-defined 1 27025 0 0
WSFS FINANCIAL CORP sh-defined 1 118732 0 0
XCEL ENERGY INC sh-defined 1 103050 0 0
YAHOO! INC sh-defined 1 10825 0 0
ZIONS BANCORPORATION sh-defined 1 200000 0 0
ZIOPHARM ONCOLOGY INC sh-defined 1 163930 0 0
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