Portugal's Ricardo Santos came fourth on 11-under while South Africa's Branden Grace was a shot further back on 10-under.
Jaco Van Zyle finished fourth on 23-under, witb Alastair Forsyth of Scotland the first non-South African in fifth on 22-under.
Choi, from Korea, are two shots back from Fernandez-Castano on four-under while five players were tied on three-under, including 1999 British Open champion Paul Lawrie.
Both men are five shots behind Mickelson on 12-under par, with Argentina's Angel Cabrera, Charlie Wi from Korea and American Brian Gay all one shot further back on 11-under.
Anthony Kim lies sixth on eight-under with Pat Perez a further shot back and Brian Gay on six-under with India's Jyoti Randhawa -- the only other non-American inside the top eight.
Team Albany, which also consists of South Africans Ernie Els, Trevor Immelman, Tim Clark and England's Ian Poulter, ended day one third on 23-under as Team Isleworth, who include American pair Bubba Watson and Sean O'Hair in their ranks, lead on 26-under.
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Baddeley finished with a five-under 66 to finish runner-up on 20-under 264, with Stricker two strokes further adrift on 266.
Jimenez, who was one of Jose Maria Olazabal's vice-captains in Europe's Ryder Cup victory in September, carded two-under-par 68 to join Campbell on 10-under 200 overall in a tournament he won in 2004 and 2007.
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Dubai resident Stenson shot a bogey-free seven-under 65 to lead on 11-under 133.
Sjodin fired a four-under 68 to join Tseng on nine-under 207 Saturday at the top of the Kraft Nabisco Championship leaderboard.
England's Ian Poulter, who finished seventh at the Masters earlier this month, made the cut by a single shot, while Francesco Molinari -- part of Europe's successful Ryder Cup team in 2010 -- is on seven-under.
Further excitement followed at the 15th as Mickelson claimed a birdie four with another coming at the 18th to leave the 41-year-old on eight-under par and in pole position to claim the fifth major title of his career.
But it was better day for fellow contender Retief Goosen, who hit seven birdies and three bogies on his way to 68 and a four-way share of fourth on nine-under.
World number two Na Yeon Choi of South Korea was in a five-strong group on five-under.
Japanese star Shingo Katayama, former British Open champion Todd Hamilton and South African Rory Sabbatini are in a three-strong group on six-under 210.
Thailand's Thongchai Jaidee fired a six-under par round of 66 to leave him in fourth on nine-under par with England's David Howell (68), Scotland's Richie Ramsay (67) and Gonzalo Fernandez-Castano of Spain (71) one shot further back.
Snedeker fired a final round 65 -- better than all his nearest competitors -- as he ended on 19-under-par, two shots clear of fellow countryman Chris Kirk.
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Swede Peter Hanson finished third on nine-under while defending champion Ian Poulter charged through the field on the final day to card a 66 and finish in a tie for fourth at eight-under alongside Scot Richie Ramsay and Thailand's Pariya Junhasavasdikul.
Woods carded a second consecutive five-under-par 67 to join overnight leader Nick Watney (70) on 10-under-par, with world number two Phil Mickelson returning a 66 to lie a shot behind alongside compatriot Ryan Moore and Spain's Alvaro Quiros.
But a birdie at the final hole ensured the 32-year-old finished two clear on 12-under par.
Chris Kirk was third, another shot back on 11-under 203 after carding 64 on Saturday, while joint halfway leader Patrick Reed dropped to fourth following a 67.
Perry, 47 hit a four-under 67 to draw level with Axley (67) and Adamonis (66) on 15-under par.
Oosthuizen's earlier heroics gave him a five-shot lead over former British Open champion, 50-year-old Mark Calcavecchia, who is on seven-under 137.
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The 38-year-old carded 68 for second outright on five-under 283, having started the final round in a tie for 10th place.
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The left-handed Mickelson carded 69 to finish on 17-under for the four rounds and win his second World Golf Championships event, following up his title at the CA Championship in Florida in March.
South African Rory Sabbatini and Australian Rod Pampling were the top non-Americans with a share of ninth on nine-under while Luke Donald continued his comeback following a wrist injury with a final 69 to finish in a tie for 25th on six under par.
Englishman Lee Westwood was tied for fourth with South Africa's Retief Goosen on two-under after they shot 70 and 71 respectively on the testing, 7, 204-yard links course.
Masters runner-up Adam Scott was a shot back on two-under 142 after following up his 68 with a 74 to be tied with Americans Cameron Tringale (71), Matt Every (69) and Dean Wilson (72).
In later action, Woods battled to make the weekend on the cut line of level par after a second straight 70 with 23-year-old rookie Luke Guthrie leading the way on nine-under 131 after a superb seven-under 63.
Thailand's Chawalit Plaphol, Korea's Kang Wook-soon and Thomas Bjorn of Denmark shared third place on 21-under-par.
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