13F-HR 1 y09104e13fvhr.txt ALEXANDRA INVESTMENT MANAGEMENT, LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2005 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: Alexandra Investment Management, LLC Address: 767 Third Avenue 39th Floor New York, New York 10017 Form 13F File Number: 28-10827 ------------------- 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 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: Mikhail Filimonov Title: Chairman and Chief Executive Officer Phone: 212-301-1800 Signature, Place, and Date of Signing: /s/ Mikhail Filimonov New York, NY 5/16/05 ------------------------- ------------------- ------------ [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager [If there are no entries in this list, omit this section.] Form 13F File Number Name 28- ---------------------- ----------------------------------- [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------ Form 13F Information Table Entry Total: 217 ------------ Form 13F Information Table Value Total: 2,504,493 ------------ (thousands) List of Other Included Managers: none Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report [If there are no entries in this list, state "NONE" and name the column headings and list entries.] No. Form 13F File Number Name --- 28.--------------------- ------------------------------------ [Repeat as necessary]

BANKUNITED FINL CORP NOTE 3.125% 3/0 06652BAE3 4,650 5000000 PRN SOLE SOLE BEA SYS INC NOTE 4.000% 12/1 073325AD4 36,908 37000000 PRN SOLE SOLE BIOMARIN PHARMACEUTICAL INC NOTE 3.500% 6/1 09061GAB7 20,085 23140000 PRN SOLE SOLE BISYS GROUP INC NOTE 4.000% 3/1 055472AB0 23,661 23900000 PRN SOLE SOLE BROCADE COMMUNICATIONS SYS I NOTE 2.000% 1/0 111621AB4 4,775 5000000 PRN SOLE SOLE CANADIAN NAT RES LTD COM 136385101 2,529 45000 SH SOLE SOLE CARDIOME PHARMA COR COM NEW 14159U202 2,480 400000 SH SOLE SOLE CARNIVAL CORP NOTE 10/2 143658AS1 34,125 39600000 PRN SOLE SOLE CASUAL MALE RETAIL GRP INC NOTE 5.000% 1/0 148711AB0 7,121 7450000 PRN SOLE SOLE CBRL GROUP INC NOTE 4/0 12489VAB2 2,442 5000000 PRN SOLE SOLE CEPHALON INC NOTE 6/1 156708AL3 9,450 10000000 PRN SOLE SOLE CEPHALON INC NOTE 2.500% 12/1 156708AE9 53,900 55000000 PRN SOLE SOLE CHARLES RIV LABORATORIES INC DBCV 3.500% 2/0 159863AL3 13,433 11000000 PRN SOLE SOLE CHINA MOBILE HONG KONG LTD SPONSORED ADR 16941M109 2,133 130000 SH SOLE SOLE CIENA CORP NOTE 3.750% 2/0 171779AA9 24,940 29000000 PRN SOLE SOLE CKE RESTAURANTS INC NOTE 4.000% 10/0 12561EAG0 28,537 15000000 PRN SOLE SOLE COMMUNITY HEALTH SYS INC NEW NOTE 4.250% 10/1 203668AA6 5,463 5000000 PRN SOLE SOLE COMPUTER NETWORK TECHNOLOGY NOTE 3.000% 2/1 204925AC5 25,022 26905000 PRN SOLE SOLE COMTECH TELECOMMUNICATIONS C NOTE 2.000% 2/0 205826AD2 15,775 13000000 PRN SOLE SOLE CONCORD COMMUNICATIONS INC NOTE 3.000% 12/1 206186AB4 16,812 19000000 PRN SOLE SOLE CONEXANT SYSTEMS INC NOTE 4.000% 2/0 207142AF7 6,878 7816000 PRN SOLE SOLE CONEXANT SYSTEMS INC NOTE 4.250% 5/0 207142AB6 8,488 8750000 PRN SOLE SOLE CORIXA CORP NOTE 4.250% 7/0 21887FAC4 25,502 30300000 PRN SOLE SOLE CREO INC COM 225606102 418 26000 SH SOLE SOLE CUBIST PHARMACEUTICALS INC NOTE 5.500% 11/0 229678AB3 34,307 38985000 PRN SOLE SOLE CUBIST PHARMACEUTICALS INC COM 229678107 2,867 270000 SH SOLE SOLE CURAGEN CORP SDCV 6.000% 2/0 23126RAC5 3,800 4000000 PRN SOLE SOLE CYMER INC NOTE 3.500% 2/1 232572AE7 6,240 6500000 PRN SOLE SOLE CYTOGEN CORP COM NEW 232824300 1,436 248080 SH SOLE SOLE DATA SYS & SOFTWARE INC COM 237887104 16 13092 SH SOLE SOLE DIAMOND OFFSHORE DRILLING IN COM 25271C102 250 5000 SH SOLE SOLE DIGITAL IMPACT INC DEL COM 25385G106 830 240500 SH SOLE SOLE EL PASO CORP DBCV 2/2 28336LAC3 5,263 10000000 PRN SOLE SOLE

EMCORE CORP COM 290846104 260 77024 SH SOLE SOLE EMCORE CORP NOTE 5.000% 5/1 290846AB0 4,389 4620000 PRN SOLE SOLE ENBRIDGE ENERGY PARTNERS LP COM 29250R106 932 18700 SH SOLE SOLE ENERPLUS RES FD UNIT TR G NEW 29274D604 1,185 32,700 SOLE SOLE ENZON PHARMACEUTICALS INC NOTE 4.500% 7/0 293904AB4 16,375 18000000 PRN SOLE SOLE EVERGREEN SOLAR INC COM 30033R108 71 10000 SH SOLE SOLE EXIDE TECHNOLOGIES *W EXP 99/99/999 302051123 - 44193 SOLE SOLE FEI CO NOTE 6/1 30241LAD1 5,029 5000000 PRN SOLE SOLE FEI CO NOTE 5.500% 8/1 30241LAB5 19,285 19000000 PRN SOLE SOLE FLUOR CORP NEW NOTE 1.500% 2/1 343412AA0 18,047 16000000 PRN SOLE SOLE FOREST OIL CORP COM PAR $0.01 346091705 1,215 30000 SH SOLE SOLE GENENTECH INC COM NEW 368710406 2,547 45000 SH SOLE SOLE GENESCO INC SDCV 4.125% 6/1 371532AN2 21,255 14750000 PRN SOLE SOLE GILEAD SCIENCES INC COM 375558103 1,074 30000 SH SOLE SOLE GLOBAL IMAGING SYSTEMS NOTE 4.000% 11/1 37934AAE0 17,324 11200000 PRN SOLE SOLE GOTTSCHALKS INC COM 383485109 104 10000 SH SOLE SOLE GRAFTECH INTL LTD DBCV 1.625% 1/1 384313AB8 5,493 7500000 PRN SOLE SOLE GTECH HLDGS CORP DBCV 1.750% 12/1 400518AB2 28,339 16500000 PRN SOLE SOLE GUILFORD PHARMACEUTICALS INC NOTE 5.000% 7/0 401829AB2 4,345 5500000 PRN SOLE SOLE GUITAR CTR MGMT INC NOTE 4.000% 7/1 402040AC3 4,130 2500000 PRN SOLE SOLE HANOVER COMPRESSOR CO NOTE 4.750% 3/1 410768AC9 9,314 9600000 PRN SOLE SOLE HUMAN GENOME SCIENCES INC NOTE 5.000% 2/0 444903AF5 33,841 34183000 PRN SOLE SOLE HUMANA INC COM 444859102 319 10000 SH SOLE SOLE HUTCHINSON TECHNOLOGY INC NOTE 2.250% 3/1 448407AE6 9,647 7500000 PRN SOLE SOLE IDEC PHARMACEUTICALS CORP NOTE 4/2 449370AE5 6,230 10000000 PRN SOLE SOLE IMMUCOR INC COM 452526106 302 10000 SH SOLE SOLE INCO LTD NOTE 3/2 453258AM7 10,658 10000000 PRN SOLE SOLE INCYTE CORP COM 45337C102 1,025 150000 SH SOLE SOLE INCYTE CORP NOTE 3.500% 2/1 45337CAE2 17,679 20000000 PRN SOLE SOLE INCYTE CORP NOTE 5.500% 2/0 45337CAC6 20,343 20574000 PRN SOLE SOLE INDYMAC BANCORP INC WIRES 2031 456607209 12,860 223,446 SOLE SOLE INERGY LP UNIT LTD PTNR 456615103 1,243 38,400 SOLE SOLE INHALE THERAPEUTIC SYS INC NOTE 3.500% 10/1 457191AH7 5,581 5875000 PRN SOLE SOLE

INHALE THERAPEUTIC SYS INC NOTE 5.000% 2/0 457191AF1 14,933 14933000 PRN SOLE SOLE INSMED INC COM NEW 457669208 306 360000 SH SOLE SOLE INTEGRA LIFESCIENCES HLDGS C NOTE 2.500% 3/1 457985AB5 4,672 4000000 PRN SOLE SOLE INTERGRAPH CORP COM 458683109 576 20000 SH SOLE SOLE INTERMUNE INC NOTE 0.250% 3/0 45884XAC7 12,655 16600000 PRN SOLE SOLE INTERNATIONAL GAME TECHNOLOG DBCV 1/2 459902AL6 16,023 25000000 PRN SOLE SOLE INTERNATIONAL RECTIFIER CORP NOTE 4.250% 7/1 460254AE5 20,543 20750000 PRN SOLE SOLE ISHARES MSCI JAPAN INDEX FD MSCI JAPAN 464286848 3,147 300,000 SOLE SOLE ISIS PHARMACEUTICALS INC DEL NOTE 5.500% 5/0 464337AC8 8,505 10500000 PRN SOLE SOLE IVAX CORP NOTE 1.875% 12/1 465823AN2 16,726 15000000 PRN SOLE SOLE JUNIPER NETWORKS INC NOTE 6/1 48203RAC8 6,075 5000000 PRN SOLE SOLE KERYX BIOPHARMACEUTICALS INC COM 492515101 2,004 150000 SH SOLE SOLE KEY ENERGY SVCS INC COM 492914106 1,210 105700 SH SOLE SOLE KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 977 21,700 SOLE SOLE KING PHARMACEUTICALS INC DBCV 2.750% 11/1 495582AG3 28,500 30000000 PRN SOLE SOLE KULICKE & SOFFA INDS INC NOTE 0.500% 11/3 501242AL5 10,257 13000000 PRN SOLE SOLE LAMAR ADVERTISING CO NOTE 2.875% 12/3 512815AG6 5,123 5000000 PRN SOLE SOLE LEGG MASON INC NOTE 6/0 524901AG0 45,162 50000000 PRN SOLE SOLE LENNAR CORP NOTE 4/0 526057AF1 16,014 20000000 PRN SOLE SOLE LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 21,945 20000000 SH SOLE SOLE LOEWS CORP NOTE 3.125% 9/1 540424AL2 4,433 4500000 PRN SOLE SOLE LOWES COS INC NOTE 0.861% 10/1 548661CG0 15,367 15000000 PRN SOLE SOLE LSI LOGIC CORP NOTE 4.000% 11/0 502161AG7 69,632 70335000 PRN SOLE SOLE LTX CORP NOTE 4.250% 8/1 502392AE3 34,986 35700000 PRN SOLE SOLE M/I HOMES INC COM 55305B101 489 10000 SH SOLE SOLE MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 993 32600 SH SOLE SOLE MAGMA DESIGN AUTOMATION NOTE 5/1 559181AB8 6,829 8000000 PRN SOLE SOLE MANOR CARE INC NEW NOTE 2.125% 4/1 564055AE1 6,987 5500000 PRN SOLE SOLE MANUGISTICS GROUP INC NOTE 5.000% 11/0 565011AB9 12,905 14500000 PRN SOLE SOLE MARKEL CORP NOTE 6/0 570535AC8 7,123 17500000 PRN SOLE SOLE MASSEY ENERGY CO NOTE 4.750% 5/1 576203AB9 8,933 4000000 PRN SOLE SOLE MCI INC COM 552691107 2,490 100000 SH SOLE SOLE MEDAREX INC NOTE 2.250% 5/1 583916AG6 2,644 3000000 PRN SOLE SOLE

MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 11,462 10000000 PRN SOLE SOLE MEDTRONIC INC DBCV 1.250% 9/1 585055AD8 16,053 16000000 PRN SOLE SOLE MEMBERWORKS INC NOTE 5.500% 10/0 586002AB3 4,547 4000000 PRN SOLE SOLE MENTOR GRAPHICS CORP NOTE 6.875% 6/1 587200AB2 20,354 19618000 PRN SOLE SOLE MERCURY INTERACTIVE CORP NOTE 4.750% 7/0 589405AB5 35,044 35000000 PRN SOLE SOLE MILLENNIUM PHARMACEUTICALS I NOTE 5.500% 1/1 599902AB9 9,950 10000000 PRN SOLE SOLE MYRIAD GENETICS INC COM 62855J104 2,391 130000 SH SOLE SOLE NABI BIOPHARMACEUTICALS COM 629519109 1,600 128200 SH SOLE SOLE NABORS INDUSTRIES LTD SHS G6359F103 1,774 30000 SH SOLE SOLE NOBLE CORPORATION SHS G65422100 2,164 38500 SH SOLE SOLE NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 3,900 4000000 PRN SOLE SOLE NORTHWESTERN CORP COM NEW 668074305 1,810 68620 SH SOLE SOLE NPS PHARMACEUTICALS INC NOTE 3.000% 6/1 62936PAB9 11,164 13000000 PRN SOLE SOLE OHIO CAS CORP NOTE 5.000% 3/1 677240AC7 10,300 10000000 PRN SOLE SOLE OREGON STL MLS INC COM 686079104 1,265 55000 SH SOLE SOLE OSCIENT PHARMACEUTICALS CORP NOTE 3.500% 4/1 68812RAB1 1,719 2250000 PRN SOLE SOLE OSI PHARMACEUTICALS INC NOTE 3.250% 9/0 671040AD5 5,670 5000000 PRN SOLE SOLE PACIFICARE HEALTH SYS DEL DBCV 3.000% 10/1 695112AG7 38,507 14000000 PRN SOLE SOLE PEGASUS SOLUTIONS INC NOTE 3.875% 7/1 705906AB1 12,810 14000000 PRN SOLE SOLE PENGROWTH ENERGY TR TRUST UNIT A 706902301 1,780 89,000 SOLE SOLE PETROFUND ENERGY TRUST TR UNIT 71648W108 806 55,120 SOLE SOLE PG&E CORP NOTE 9.500% 6/3 69331CAD0 13,628 5000000 PRN SOLE SOLE PIXELWORKS INC SDCV 1.750% 5/1 72581MAB3 7,441 10000000 PRN SOLE SOLE PMA CAP CORP DBCV 6.500% 9/3 693419AD5 8,560 8000000 PRN SOLE SOLE PRG-SCHULTZ INTERNATIONAL IN NOTE 4.750% 11/2 69357CAA5 5,277 5500000 PRN SOLE SOLE PRIDE INTL INC DEL COM 74153Q102 2,484 100000 SH SOLE SOLE PRIMEWEST ENERGY TR TR UNIT NEW 741930309 990 41,300 SOLE SOLE PROASSURANCE CORP DBCV 3.900% 6/3 74267CAB2 16,893 15000000 PRN SOLE SOLE PROLOGIS SH BEN INT 743410102 2,783 75000 SH SOLE SOLE PROTEIN DESIGN LABS INC NOTE 2.750% 8/1 74369LAD5 10,150 10000000 PRN SOLE SOLE PROVIDENT ENERGY TR TR UNIT 74386K104 988 99,900 SOLE SOLE PROVIDIAN FINL CORP NOTE 3.250% 8/1 74406AAA0 30,405 30481000 PRN SOLE SOLE PROVINCE HEALTHCARE CO NOTE 4.500% 11/2 743977AC4 10,353 10250000 PRN SOLE SOLE

QUANTA SVCS INC NOTE 4.000% 7/0 74762EAA0 8,595 9000000 PRN SOLE SOLE REGENERON PHARMACEUTICALS NOTE 5.500% 10/1 75886FAB3 9,103 10000000 PRN SOLE SOLE RELIANT ENERGY INC NOTE 5.000% 8/1 75952BAD7 7,057 5000000 PRN SOLE SOLE RIGEL PHARMACEUTICALS INC COM NEW 766559603 4,010 250000 SH SOLE SOLE RITE AID CORP NOTE 4.750% 12/0 767754BA1 2,100 2100000 PRN SOLE SOLE ROYAL CARIBBEAN CRUISES LTD NOTE 5/1 780153AM4 14,054 20000000 PRN SOLE SOLE SANMINA SCI CORP SDCV 9/1 800907AD9 2,016 3708000 PRN SOLE SOLE SCI SYS INC NOTE 3.000% 3/1 783890AF3 7,358 7745000 PRN SOLE SOLE SCIOS INC NOTE 5.500% 8/1 808905AB9 24,518 21000000 PRN SOLE SOLE SELECTIVE INS GROUP INC NOTE 1.616% 9/2 816300AB3 24,583 40000000 PRN SOLE SOLE SEPRACOR INC COM 817315104 3,456 60200 SH SOLE SOLE SIERRA HEALTH SVCS INC DBCV 2.250% 3/1 826322AB5 17,574 5000000 PRN SOLE SOLE SIERRA PAC RES NEW NOTE 7.250% 2/1 826428AF1 25,110 10000000 PRN SOLE SOLE SINCLAIR BROADCAST GROUP INC NOTE 4.875% 7/1 829226AU3 4,375 5000000 PRN SOLE SOLE SKECHERS U S A INC NOTE 4.500% 4/1 830566AB1 75,813 75436000 PRN SOLE SOLE SKYWORKS SOLUTIONS INC NOTE 4.750% 11/1 83088MAB8 2,970 3000000 PRN SOLE SOLE SMURFIT-STONE CONTAINER CORP COM 832727101 1,006 65000 SH SOLE SOLE SONIC AUTOMOTIVE INC NOTE 5.250% 5/0 83545GAE2 13,101 13267000 PRN SOLE SOLE SPECTRUM PHARMACEUTICALS INC COM 84763A108 2,083 350000 SH SOLE SOLE SPRINT CORP COM FON 852061100 341 15000 SH SOLE SOLE ST MARY LD & EXPL CO NOTE 5.750% 3/1 792228AC2 24,120 12000000 PRN SOLE SOLE STANDARD MTR PRODS INC SDCV 6.750% 7/1 853666AB1 9,573 10405000 PRN SOLE SOLE STEEL DYNAMICS INC NOTE 4.000% 12/1 858119AD2 16,497 8000000 PRN SOLE SOLE SUNTERRA CORP NOTE 3.750% 3/2 86787DAC3 13,394 12000000 PRN SOLE SOLE SUPERVALU INC NOTE 11/0 868536AP8 6,832 20000000 PRN SOLE SOLE TELEWEST GLOBAL INC COM 87956T107 9,105 511786 SH SOLE SOLE TRANSOCEAN SEDCO FOREX INC DBCV 1.500% 5/1 893830AD1 24,531 25000000 PRN SOLE SOLE TXU CORP COM 873168108 2,803 35200 SH SOLE SOLE TYCO INTL GROUP S A DBCV 2.750% 1/1 902118BF4 29,734 20000000 PRN SOLE SOLE UNOCAL CORP COM 915289102 12,338 200000 SH SOLE SOLE VALEANT PHARMACEUTICALS INTL NOTE 3.000% 8/1 91911XAB0 9,641 10000000 PRN SOLE SOLE VALEANT PHARMACEUTICALS INTL NOTE 4.000% 1/1 91911XAD6 14,532 15000000 PRN SOLE SOLE VALEANT PHARMACEUTICALS INTL COM 91911X104 1,126 50000 SH SOLE SOLE

VEECO INSTRS INC DEL NOTE 4.125% 12/2 922417AB6 18,263 18828000 PRN SOLE SOLE VERITAS DGC INC COM 92343P107 899 30000 SH SOLE SOLE VERTEX PHARMACEUTICALS INC NOTE 5.000% 9/1 92532FAD2 18,697 19559000 PRN SOLE SOLE VERTEX PHARMACEUTICALS INC COM 92532F100 749 80000 SH SOLE SOLE VICURON PHARMACEUTICALS INC COM 926471103 1,024 65000 SH SOLE SOLE VION PHARMACEUTICALS INC COM 927624106 1,425 500000 SH SOLE SOLE VIROPHARMA INC NOTE 6.000% 3/0 928241AC2 1,629 1800000 PRN SOLE SOLE WACHOVIA CORP 2ND NEW COM 929903102 3,055 60000 SH SOLE SOLE WEBMETHODS INC COM 94768C108 110 20000 SH SOLE SOLE WELLS FARGO & CO NEW COM 949746101 2,392 40000 SH SOLE SOLE WESTERN WIRELESS CORP NOTE 4.625% 6/1 95988EAF2 9,994 4000000 PRN SOLE SOLE WILLIAMS COS INC DEL COM 969457100 941 50000 SH SOLE SOLE WMS INDS INC NOTE 2.750% 7/1 929297AE9 31,570 20500000 PRN SOLE SOLE WOLVERINE WORLD WIDE INC COM 978097103 1,121 52500 SH SOLE SOLE WORKSTREAM INC COM 981402100 200 45000 SH SOLE SOLE XCEL ENERGY INC NOTE 7.500% 11/2 98389BAB6 14,591 10000000 PRN SOLE SOLE XCYTE THERAPIES INC PFD CV EXCH 98389F408 1,431 125000 SH SOLE SOLE YAHOO INC FRNT 4/0 984332AB2 76,488 45,000,000 SOLE SOLE YELLOW ROADWAY CORP NOTE 5.000% 8/0 985577AA3 26,364 15000000 PRN SOLE SOLE ZENITH NATL INS CORP NOTE 5.750% 3/3 989390AH2 25,473 12000000 PRN SOLE SOLE

ALEXANDRA INVESTMENT MANAGEMENT LLC 13F-HR