Instuitional Investor - Sage Capital Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Omnicare IncBOND	OCR	1,925,000	$5,320,000	5.73%
2.	Spdr Series Trust		105,750	$4,959,000	5.34%
3.	Teleflex IncBOND	TFX	2,340,000	$4,390,000	4.73%
4.	Encore Cap Group IncBOND	ECPG	2,900,000	$4,266,000	4.59%
5.	Jarden CorpBOND	JAH	2,450,000	$3,844,000	4.14%