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PHZ CAPITAL PARTNERS LP
> ACGL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2008 | ARCH CAPITAL GROUP LTD. | ACGL | 30 | -12,500 | 2,000 | -828,000 | $66.67 |
| 06/30/2008 | ARCH CAPITAL GROUP LTD. | ACGL | 12,530 | 10,120 | 830,000 | 665,000 | $66.24 |
| 03/31/2008 | ARCH CAPITAL GROUP LTD. | ACGL | 2,410 | -2,900 | 165,000 | -208,000 | $68.46 |
| 12/31/2007 | ARCH CAPITAL GROUP LTD. | ACGL | 5,310 | 5,310 | 373,000 | 373,000 | $70.24 |
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