UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21681
Old Mutual/Claymore Long-Short Fund
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(Exact name of registrant as specified in charter)
2455 Corporate West Drive Lisle, IL 60532
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(Address of principal executive offices) (Zip code)
J. Thomas Futrell
2455 Corporate West Drive
Lisle, IL 60532
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(Name and address of agent for service)
Registrant's telephone number, including area code: (630) 505-3700
Date of fiscal year end: December 31
Date of reporting period: September 30, 2009
Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
Attached hereto.
OLD MUTUAL/CLAYMORE LONG-SHORT FUND
PORTFOLIO OF INVESTMENTS
SEPTEMBER 30, 2009 (UNAUDITED)
NUMBER
OF SHARES VALUE
--------------------------------------------------------------------------------------------------------------------
LONG-TERM INVESTMENTS - 128.2%
CONSUMER DISCRETIONARY - 13.1%
12,821 Amazon.com, Inc. (a) $ 1,196,969
32,282 Big Lots, Inc. (a) 807,696
10,103 Brinker International, Inc. 158,920
324,905 Comcast Corp. - Class A (b) 5,487,646
8,273 DIRECTV Group, Inc. (a) (b) 228,169
77,416 DISH Network Corp. - Class A (a) 1,491,032
6 Foot Locker, Inc. 72
286,344 Ford Motor Co. (a) (b) 2,064,540
45,871 Gap, Inc. (b) 981,639
28,315 Gentex Corp. 400,657
15,218 Genuine Parts Co. (b) 579,197
21,677 Guess? Inc. 802,916
53,002 H&R Block, Inc. 974,177
7,645 Hasbro, Inc. 212,149
32,969 Johnson Controls, Inc. (b) 842,688
9,048 McGraw-Hill Cos., Inc. (b) 227,467
32,548 RadioShack Corp. 539,320
3,379 Snap-On, Inc. 117,454
5 Stanley Works 213
63,759 Starbucks Corp. (a) (b) 1,316,623
19,915 Thor Industries, Inc. 616,369
83,070 Walt Disney Co. (b) 2,281,102
53,873 Williams-Sonoma, Inc. 1,089,851
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22,416,866
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CONSUMER STAPLES - 10.4%
4,619 BJ's Wholesale Club, Inc. (a) (c) 167,300
7,332 Brown-Forman Corp. - Class B (c) 353,549
16,003 Bunge Ltd. (Bermuda) (c) 1,001,948
16,858 Costco Wholesale Corp. (b) 951,803
9,112 Estee Lauder Cos., Inc. - Class A (b) 337,873
3,962 Green Mountain Coffee Roasters, Inc. (a) 292,554
2,876 Pepsi Bottling Group, Inc. (c) 104,801
50,846 Philip Morris International, Inc. (b) 2,478,234
960 Procter & Gamble Co. (b) 55,603
240,442 Sara Lee Corp. (b) 2,678,524
177,228 SYSCO Corp. (b) 4,404,116
255,715 Tyson Foods, Inc. - Class A (b) 3,229,680
42,506 Walgreen Co. (b) 1,592,700
4,306 Wal-Mart Stores, Inc. (b) 211,382
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17,860,067
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ENERGY - 16.4%
1,588 Alpha Natural Resources, Inc. (a) 55,739
5,554 BJ Services Co. 107,914
100,812 Chevron Corp. (b) 7,100,189
7,682 Concho Resources, Inc. (a) 279,010
36,264 ConocoPhillips (c) 1,637,682
1,297 Continental Resources, Inc. (a) (b) 50,803
6,372 Encore Acquisition Co. (a) (b) 238,313
4,499 EOG Resources, Inc. (b) 375,712
83,700 Exxon Mobil Corp. (b) 5,742,657
45,847 Hess Corp. (c) 2,450,981
24,967 Marathon Oil Corp. (b) 796,447
4,318 Massey Energy Co. 120,429
64,805 Murphy Oil Corp. (b) 3,730,824
66,837 Occidental Petroleum Corp. (c) 5,240,021
9,140 Rowan Cos., Inc. 210,860
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28,137,581
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FINANCIALS - 22.1%
18,208 Aflac, Inc. (b) 778,210
405 Alexandria Real Estate Equities, Inc. - REIT (b) 22,012
910 Allied World Assurance Co. Holdings Ltd. (Bermuda) (c) 43,616
91,585 American Express Co. 3,104,731
5,778 American Financial Group, Inc. (b) 147,339
81,087 Bank of America Corp. (b) 1,371,992
34,983 Bank of Hawaii Corp. (b) 1,453,194
89,082 Bank of New York Mellon Corp. (b) 2,582,487
18,435 BB&T Corp. 502,169
12,928 BlackRock, Inc. (c) 2,803,049
13,069 BOK Financial Corp. (c) 605,356
102,282 Charles Schwab Corp. (c) 1,958,700
8,660 Chubb Corp. (b) 436,551
62,503 Citigroup, Inc. 302,515
15,545 Cullen/Frost Bankers, Inc. (b) 802,744
153,864 Discover Financial Services (c) 2,497,213
28,961 Franklin Resources, Inc. (c) 2,913,477
98,880 Hudson City Bancorp, Inc. (b) 1,300,272
25,145 Invesco Ltd. (Bermuda) 572,300
2,744 Investment Technology Group, Inc. (a) 76,612
50,438 Northern Trust Corp. (c) 2,933,474
4,224 PartnerRe Ltd. (Bermuda) 324,995
16,692 Public Storage - REIT (b) 1,255,906
10,246 Rayonier, Inc. - REIT (b) 419,164
80,462 T Rowe Price Group, Inc. (c) 3,677,113
18,949 TD Ameritrade Holding Corp. (a) 371,779
27,430 Torchmark Corp. (b) 1,191,285
10,495 Unum Group 225,013
146,793 US Bancorp. (b) 3,208,895
5,006 Wells Fargo & Co. 141,069
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38,023,232
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HEALTH CARE - 20.7%
26,769 Abbott Laboratories (b) 1,324,262
174,712 AmerisourceBergen Corp. (b) 3,910,054
79,129 Amgen, Inc. (a) 4,765,940
58,467 Biogen Idec, Inc. (a) (c) 2,953,753
70,284 Cardinal Health, Inc. (b) 1,883,611
12,826 CareFusion Corp. (a) (b) 279,607
33,033 Coventry Health Care, Inc. (a) (b) 659,339
26,525 Forest Laboratories, Inc. (a) (b) 780,896
45,071 Gilead Sciences, Inc. (a) (b) 2,099,407
33,454 Hill-Rom Holdings, Inc. 728,628
24,959 Humana, Inc. (a) (c) 930,971
44,249 Johnson & Johnson (c) 2,694,321
46,605 McKesson Corp. (c) 2,775,328
38,024 Merck & Co, Inc. (b) 1,202,699
21,999 OSI Pharmaceuticals, Inc. (a) 776,565
121,694 Pfizer, Inc. (b) 2,014,036
29,464 Schering-Plough Corp. (b) 832,358
25,189 Stryker Corp. (c) 1,144,336
237,324 Tenet Healthcare Corp. (a) (c) 1,395,465
176 Varian Medical Systems, Inc. (a) (b) 7,415
24,072 Wyeth (c) 1,169,418
23,056 Zimmer Holdings, Inc. (a) (b) 1,232,343
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35,560,752
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INDUSTRIALS - 12.1%
6,251 Aecom Technology Corp. (a) 169,652
64,273 AGCO Corp. (a) (b) 1,775,863
747 Crane Co. 19,280
10,788 CSX Corp. (b) 451,586
52,197 Fluor Corp. (c) 2,654,218
37,054 General Dynamics Corp. (b) 2,393,688
3,964 General Electric Co. 65,089
21,277 Harsco Corp. 753,419
1,000 Hubbell, Inc. - Class B 42,000
6,469 Illinois Tool Works, Inc. (b) 276,291
1,128 ITT Corp. (c) 58,825
10,422 Jacobs Engineering Group, Inc. (a) (c) 478,891
4,219 Joy Global, Inc. 206,478
122,336 KBR, Inc. 2,849,206
605 Lincoln Electric Holdings, Inc. (b) 28,707
48,378 Lockheed Martin Corp. (c) 3,777,354
42,604 Raytheon Co. (b) 2,043,714
164,946 Southwest Airlines Co. 1,583,482
11,190 Timken Co. 262,182
6,681 United Technologies Corp. (c) 407,073
4,442 Waste Management, Inc. (b) 132,460
3,465 WW Grainger, Inc. 309,632
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20,739,090
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INFORMATION TECHNOLOGY - 22.6%
10,217 AVX Corp. (b) 121,889
56,718 Broadcom Corp. - Class A (a) 1,740,675
15,243 Cisco Systems, Inc. (a) (b) 358,820
3,944 Computer Sciences Corp. (a) 207,888
271,492 Corning, Inc. (c) 4,156,543
75,842 Dell, Inc. (a) 1,157,349
98,004 eBay, Inc. (a) (b) 2,313,874
78,665 Electronic Arts, Inc. (a) (c) 1,498,568
6,398 Genpact Ltd. (Bermuda) (a) 78,695
19,787 Hewlett-Packard Co. (b) 934,144
42,390 Ingram Micro, Inc. - Class A (a) 714,272
300,071 Intel Corp. (b) 5,872,390
27,187 International Business Machines Corp. (b) 3,251,837
12,215 LSI Corp. (a) 67,060
136,182 Microsoft Corp. (b) 3,525,752
28,767 Molex, Inc. 600,655
286,901 Motorola, Inc. (b) 2,464,480
14,430 NCR Corp. (a) (b) 199,423
47,187 QUALCOMM, Inc. (b) 2,122,471
3,239 Salesforce.com, Inc. (a) 184,396
13,587 Sun Microsystems, Inc. (a) 123,506
28,373 Tech Data Corp. (a) (c) 1,180,601
154,283 Texas Instruments, Inc. (b) 3,654,964
27,430 Visa, Inc. - Class A (c) 1,895,687
22,460 Yahoo!, Inc. (a) (b) 400,013
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38,825,952
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MATERIALS - 2.2%
9,014 Cabot Corp. (b) 208,314
1,019 CF Industries Holdings, Inc. (c) 87,868
9,437 Commercial Metals Co. 168,922
41,987 Dow Chemical Co. (c) 1,094,601
9,701 Eastman Chemical Co. (c) 519,392
18,481 International Paper Co. 410,833
21,537 MeadWestvaco Corp. (c) 480,490
3,082 Packaging Corp. of America 62,873
2,245 Schnitzer Steel Industries, Inc. - Class A 119,546
825 Sonoco Products Co. 22,721
15,448 Terra Industries, Inc. (b) 535,582
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3,711,142
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TELECOMMUNICATIONS - 4.7%
136,036 AT&T, Inc. (b) 3,674,332
57,274 NII Holdings, Inc. (a) 1,717,075
537,350 Sprint Nextel Corp. (a) (c) 2,122,532
12,170 United States Cellular Corp. (a) (c) 475,482
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7,989,421
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UTILITIES - 3.9%
32,793 Energen Corp. (c) 1,413,378
115,415 NRG Energy, Inc. (a) (c) 3,253,549
69,025 PPL Corp. (c) 2,094,219
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6,761,146
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TOTAL LONG-TERM INVESTMENTS - 128.2%
(Cost $224,085,935) 220,025,249
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CONTRACTS
(100 SHARES EXPIRATION EXERCISE
PER CONTRACT) OPTIONS PURCHASED - 0.0% (a) DATE PRICE VALUE
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CALL OPTIONS PURCHASED - 0.0% (a)
350 UAL Corp. October 2009 9.00
(Cost $15,050) 26,250
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NUMBER
OF SHARES VALUE
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MONEY MARKET FUNDS - 1.0%
1,773,727 Dreyfus Institutional Reserve Money Market Fund
(Cost $1,773,727) 1,773,727
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TOTAL INVESTMENTS - 129.2%
(Cost $225,874,712) 221,825,226
Securities Sold Short - (30.0%)
(Proceeds $39,011,597) (51,507,626)
Total Value of Options Written
(Premiums received $3,333,371) - (1.1%) (1,981,350)
Other Assets in excess of Liabilities - 1.9% 3,341,923
---------------------
NET ASSETS - 100.0% $ 171,678,173
=====================
NUMBER
OF SHARES VALUE
--------------------------------------------------------------------------------------------------------------------
SECURITIES SOLD SHORT - 30.0%
COMMON STOCKS - 28.1%
CONSUMER DISCRETIONARY - 1.5%
1,126 AutoZone, Inc. $ 164,644
5,884 Burger King Holdings, Inc. 103,500
26,532 Central European Media Enterprises Ltd. - Class A (Bermuda) 908,721
1,305 Jarden Corp. 36,631
7,814 O'Reilly Automotive, Inc. 282,398
23,500 Toll Brothers, Inc. 459,190
25,749 Weight Watchers International, Inc. 706,552
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2,661,636
---------------------
CONSUMER STAPLES - 0.2%
4,599 Ralcorp Holdings, Inc. 268,904
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ENERGY - 4.2%
12,688 Chesapeake Energy Corp. 360,339
175,952 El Paso Corp. 1,815,825
12,995 EXCO Resources, Inc. 242,877
9,256 Exterran Holdings, Inc. 219,737
25,429 Forest Oil Corp. 497,646
14,375 Helix Energy Solutions Group, Inc. 215,337
22,463 Newfield Exploration Co. 956,025
70,213 Plains Exploration & Production Co. 1,942,092
42,931 SandRidge Energy, Inc. 556,386
19,620 Teekay Corp. (Marshall Islands) 429,089
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7,235,353
---------------------
FINANCIALS - 8.0%
6,147 Affiliated Managers Group, Inc. 399,616
3,120 American National Insurance Co. 265,824
277 Ameriprise Financial, Inc. 10,063
14,391 Apartment Investment & Management Co. - Class A - REIT 212,267
6,927 Camden Property Trust - REIT 279,158
1,163 Capital One Financial Corp. 41,554
4,173 Capitol Federal Financial 137,375
30,148 CB Richard Ellis Group, Inc. - Class A 353,938
15,370 Comerica, Inc. 456,028
30,233 First Horizon National Corp. 399,985
60,731 Genworth Financial, Inc. - Class A 725,735
104,475 GLG Partners, Inc. 421,034
4,103 Greenhill & Co., Inc. 367,547
34,937 Hartford Financial Services Group, Inc. 925,831
101,036 Huntington Bancshares, Inc. 475,880
24,563 Jefferies Group, Inc. 668,850
52,132 Legg Mason, Inc. 1,617,656
4,779 Leucadia National Corp. 118,137
15,592 Lincoln National Corp. 403,989
14,059 Loews Corp. 481,521
3,086 Markel Corp. 1,017,825
2,388 NASDAQ OMX Group, Inc. 50,267
2,122 OneBeacon Insurance Group Ltd. - Class A (Bermuda) 29,156
1,547 ProLogis - REIT 18,440
44,049 Protective Life Corp. 943,530
15,638 Prudential Financial, Inc. 780,493
1,477 Regions Financial Corp. 9,172
96,619 SLM Corp. 842,518
2,344 St. Joe Co. 68,257
816 Student Loan Corp. 37,862
36,742 Synovus Financial Corp. 137,783
348 Vornado Realty Trust - REIT 22,415
59,018 Washington Federal, Inc. 995,043
429 Zions Bancorporation 7,709
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13,722,458
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HEALTH CARE - 7.4%
21,991 BioMarin Pharmaceutical, Inc. 397,597
23,294 DaVita, Inc. 1,319,372
27,368 Dendreon Corp. 766,030
172,359 Hologic, Inc. 2,816,346
15,117 Inverness Medical Innovations, Inc. 585,482
22,356 Kinetic Concepts, Inc. 826,725
160,092 King Pharmaceuticals, Inc. 1,724,191
24,712 Perrigo Co. 839,961
22,462 United Therapeutics Corp. 1,100,413
5,832 Valeant Pharmaceuticals International 163,646
1,482 VCA Antech, Inc. 39,851
54,172 Vertex Pharmaceuticals, Inc. 2,053,119
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12,632,733
---------------------
INDUSTRIALS - 1.7%
31,724 BE Aerospace, Inc. 638,921
77,541 Manitowoc Co., Inc. 734,313
19,577 Owens Corning 439,504
23,069 TransDigm Group, Inc. 1,149,067
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2,961,805
---------------------
INFORMATION TECHNOLOGY - 3.9%
85,074 Ciena Corp. 1,385,005
135,595 Cypress Semiconductor Corp. 1,400,696
30,756 International Rectifier Corp. 599,435
12,263 Itron, Inc. 786,549
51,341 Nuance Communications, Inc. 768,061
87,762 Rambus, Inc. 1,527,059
6,780 Rovi Corp. 227,808
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6,694,613
---------------------
MATERIALS - 0.1%
6,822 Eagle Materials, Inc. 194,973
---------------------
TELECOMMUNICATIONS - 0.7%
42,881 SBA Communications Corp. - Class A 1,159,073
---------------------
UTILITIES - 0.4%
12,481 American Water Works Co., Inc. 248,871
7,324 Constellation Energy Group, Inc. 237,078
4,678 Oneok, Inc. 171,308
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657,257
---------------------
TOTAL COMMON STOCKS SOLD SHORT - 28.1 %
(Proceeds $36,444,060) 48,188,805
---------------------
TRACKING STOCKS - 1.5%
CONSUMER DISCRETIONARY - 1.5%
49,613 Liberty Media Corp. - Capital Series A 1,037,904
51,076 Liberty Media Corp. - Entertainment Series A 1,588,974
---------------------
(Proceeds $2,115,147) 2,626,878
---------------------
MASTER LIMITED PARTNERSHIPS - 0.4%
FINANCIALS - 0.4%
16,750 Lazard Ltd. - Class A (Bermuda)
(Proceeds $452,390) 691,943
---------------------
TOTAL SECURITIES SOLD SHORT - 30.0 %
(Proceeds $39,011,597) $ 51,507,626
=====================
CONTRACTS
(100 SHARES EXPIRATION EXERCISE
PER CONTRACT) OPTIONS WRITTEN (a) DATE PRICE VALUE
------------------------------------------------------------------------------------------------------------------------------------
CALL OPTIONS WRITTEN (A)
1,190 KBW Bank Index October 2009 50.00 $ 53,550
95 Morgan Stanley Cyclical Index October 2009 790.00 38,475
815 NYSE Arca Airline Index October 2009 30.00 48,900
85 NYSE Arca Oil Index October 2009 1,130.00 2,550
200 NYSE Arca Pharmaceutical Index October 2009 290.00 53,500
165 Philadelphia Housing Index October 2009 125.00 1,650
215 Philadelphia Semiconductor Index October 2009 330.00 155,875
115 Philadelphia Utility Index October 2009 400.00 47,150
245 S&P 100 Index October 2009 490.00 196,000
2,070 S&P 100 Index October 2009 495.00 1,159,200
120 S&P 400 Midcap Index October 2009 700.00 121,800
260 S&P 600 Small Cap Index October 2009 325.00 102,700
TOTAL OPTIONS WRITTEN ----------------
(Premiums received $3,333,371) $ 1,981,350
================
KBW - Keefe, Bruyette & Woods, Inc.
REIT - Real Estate Investment Trust
S&P - Standard and Poor's
(a) Non-income producing security.
(b) All or a portion of these securities are held as collateral for Securities
Sold Short.
(c) All or a portion of these securities are held as collateral for
options.
Securities are classified by sectors that represent broad groupings of related
industries.
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Country Allocation*
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United States 99.1%
Bermuda 0.9%
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* Subject to change daily. Based on total investments.
Securities Sold Short Country Allocation**
-------------------------------------------------------------------------------
United States 96.0%
Bermuda 3.2%
Marshall Islands 0.8%
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** Subject to change daily. Based on securities sold short.
On July 17, 2009, Claymore Group Inc., the parent of Claymore Advisors, LLC (the
"Adviser"), entered into an Agreement and Plan of Merger between and among
Claymore Group Inc., Claymore Holdings, LLC and GuggClayAcquisition, Inc., (with
the latter two entities being wholly-owned, indirect subsidiaries of Guggenheim
Partners, LLC ("Guggenheim")) whereby GuggClay Acquisition, Inc. will merge into
Claymore Group Inc., which will be the surviving entity. This transaction was
completed on October 14, 2009 (the "Effective Date") and resulted in a
change-of-control whereby Claymore Group Inc. and its subsidiaries, including
the Adviser, became indirect, wholly-owned subsidiaries of Guggenheim. The
transaction is not expected to affect the daily operations of the Fund or the
investment management activities of the Adviser.
Under the Investment Company Act of 1940, the consummation of this transaction
resulted in the automatic termination of the Advisory Agreement. Accordingly, on
September 28, 2009, the Board of Trustees approved an interim investment
advisory agreement between the Old Mutual/Claymore Long-Short Fund (the "Fund")
and the Adviser (the "Interim Advisory Agreement"). The Interim Advisory
Agreement takes effect as of the Effective Date and will terminate upon the
earlier of: (a) 150 calendar days after the Effective Date or (b) the approval
of a new investment advisory agreement by the shareholders of the Fund. In
addition, the advisory fees earned by the Adviser pursuant to the Interim
Advisory Agreement will be held in an interest-bearing escrow account with the
Fund's custodian during the term of the Interim Advisory Agreement. If the
Fund's shareholders approve a new advisory agreement with the Adviser prior to
the expiration of the term of the Interim Advisory Agreement, the amount in the
escrow account (including any interest earned) with respect to the Fund shall be
paid to the Adviser. If the Fund's shareholders do not approve a new advisory
agreement with the Adviser prior to the expiration of the term of the Interim
Advisory Agreement, the Adviser shall be paid, out of the escrow account with
respect to the Fund, the lesser of (i) the Adviser's costs incurred in providing
the services under the Interim Advisory Agreement (including any interest earned
on that amount while in escrow) with respect to the Fund; or (ii) the total
amount in the escrow account (including any interest earned) with respect to the
Fund. Other than the effective dates and the provisions set forth above
regarding the advisory fees' placement into an escrow account, the terms and
conditions of the Interim Advisory Agreement are substantively identical to
those of the Advisory Agreement.
See previously submitted notes to financial statements for the period ended June
30, 2009.
In September, 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards No. 157, "Fair Valuation
Measurements" ("FAS 157"). This standard clarifies the definition of fair value
for financial reporting, establishes a framework for measuring fair value and
requires additional disclosures about the use of fair value measurements. FAS
157 establishes three different categories for valuations. Level 1 valuations
are those based upon quoted prices in active markets. Level 2 valuations are
those based upon quoted prices in inactive markets or based upon significant
observable inputs (e.g. yield curves; benchmark interest rates; indices). Level
3 valuations are those based upon unobservable inputs (e.g. discounted cash flow
analysis; non-market based methods used to determine fair valuation). In April
2009, the FASB issued FSP FAS 157-4, "Determining Fair Value When Volume and
Level of Activity for the Asset or Liability Have Significantly Decreased and
Identifying Transactions That Are Not Orderly" (FSP 157-4). FSP 157-4 provides
guidance on how to determine the fair value of assets and liabilities when the
volume and level of activity for the asset/liability has significantly
decreased. The following table represents the Fund's investments carried on the
Statement of Assets and Liabilities by caption and by level within the fair
value hierarchy as of September 30, 2009.
Valuations at September 30, 2009
Description Level 1 Level 2 Level 3 Total
--------------------- ---------------- -------------------- -----------------------
(value in $000s)
Assets:
Common stocks
Consumer Discretionary $ 22,417 $ - $ - $ 22,417
Consumer Staples 17,860 - - 17,860
Energy 28,138 - - 28,138
Financials 38,023 - - 38,023
Health Care 35,561 - - 35,561
Industrials 20,739 - - 20,739
Information Technology 38,826 - - 38,826
Materials 3,711 - - 3,711
Telecommunications 7,989 - - 7,989
Utilities 6,761 - - 6,761
Money Market Funds 1,774 - - 1,774
Options 26 - - 26
--------------------- ---------------- -------------------- -----------------------
Total $ 221,825 $ - $ - $ 221,825
===================== ================ ==================== =======================
Liabilities:
Common stocks
Consumer Discretionary $ 2,662 $ - $ - $ 2,662
Consumer Staples 269 - - 269
Energy 7,235 - - 7,235
Financials 13,722 - - 13,722
Health Care 12,633 - - 12,633
Industrials 2,962 - - 2,962
Information Technology 6,695 - - 6,695
Materials 195 - - 195
Telecommunications 1,159 - - 1,159
Utilities 657 - - 657
Tracking stocks 2,627 - - 2,627
Master Limited Partnerships 692 - - 692
Options 1,981 - - 1,981
--------------------- ---------------- -------------------- -----------------------
Total $ 53,489 $ - $ - $ 53,489
===================== ================ ==================== =======================
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive officer and principal financial
officer have evaluated the registrant's disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company
Act of 1940, as amended) as of a date within 90 days of the filing date
of this report and have concluded, based on such evaluation, that the
registrant's disclosure controls and procedures were effective, as of
that date, in ensuring that information required to be disclosed by the
registrant in this Form N-Q was recorded, processed, summarized and
reported within the time periods specified in the Securities and
Exchange Commission's rules and forms.
(b) There was no change in the registrant's internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act
of 1940, as amended) that occurred during the registrant's last fiscal
quarter that materially affected or is reasonably likely to materially
affect the registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
A separate certification for each principal executive officer and
principal financial officer of the registrant as required by Rule 30a-2(a) under
the Investment Company Act, as amended (17 CFR 270.30a-2(a)), is attached
hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Old Mutual/Claymore Long-Short Fund
By: /s/ J. Thomas Futrell
--------------------------------------------
J. Thomas Futrell
Chief Executive Officer
Date: November 24, 2009
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ J. Thomas Futrell
--------------------------------------------
J. Thomas Futrell
Chief Executive Officer
Date: November 24, 2009
By: /s/ Steven M. Hill
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Steven M. Hill
Treasurer and Chief Financial Officer
Date: November 24, 2009