0000922423-11-000411.txt : 20111107
0000922423-11-000411.hdr.sgml : 20111107
20111107094433
ACCESSION NUMBER: 0000922423-11-000411
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110930
FILED AS OF DATE: 20111107
DATE AS OF CHANGE: 20111107
EFFECTIVENESS DATE: 20111107
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Investec Asset Management LTD
CENTRAL INDEX KEY: 0001418329
IRS NUMBER: 000000000
STATE OF INCORPORATION: X0
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-12634
FILM NUMBER: 111183079
BUSINESS ADDRESS:
STREET 1: 2 GRESHAM STREET
CITY: LONDON
STATE: X0
ZIP: EC2V 7QP
BUSINESS PHONE: 020 7597 2000
MAIL ADDRESS:
STREET 1: 2 GRESHAM STREET
CITY: LONDON
STATE: X0
ZIP: EC2V 7QP
13F-HR
1
kl11003.txt
13F HOLDINGS REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 9/30/2011
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: Investec Asset Management LTD.
Address: 2 Gresham Street
London, England EC2V7QP
Form 13F File Number: 28-12634
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 the Reporting Manager:
Name: Anne Gallagher
Title: Chief Compliance Officer
Phone: 020 7597 1831
Signature, Place, and Date of Signing:
Anne Gallagher London, UK 11/ 4/ 11
[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 is a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 216
Form 13F Information Table Value Total: 8,814,281
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 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 omit the column headings
and list entries.]
None
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VOTING AUTHORITY
SHARES ---------------------
FAIR MARKET AMOUNT (A) (B) (C)
TITLE CUSIP VALUE (IN PUT/CALL INVESTMENT OTHER
NAME OF ISSUER OF CLASS NUMBER (THOUSANDS) DISCRETION MANAGERS SOLE SHARED NONE
------------------------- -------- ------ ----------- -------- ---------- -------- ---- ------ ----
3M CO Common Stock 88579Y101 393 5475 SH SOLE 5,475
ACCENTURE PLC Common Stock G1151C101 10,801 205031 SH SOLE 205,031
ACTIVISION BLIZZARD INC Common Stock 00507V109 100,540 8448707 SH SOLE 8,448,707
ACTUANT CORP Common Stock 00508X203 29,443 1490793 SH SOLE 1,490,793
ADECOAGRO SA Common Stock L00849106 862 100000 SH SOLE 100,000
AGCO CORP Common Stock 001084102 22,804 659639 SH SOLE 659,639
AGNICO-EAGLE MINES LTD Common Stock 008474108 25,599 425792 SH SOLE 425,792
AGRIUM INC Common Stock 008916108 16,832 252500 SH SOLE 252,500
ALLIANCE DATA SYSTEMS
CORP Common Stock 018581108 53,677 579037 SH SOLE 579,037
ALLIED WORLD ASSURANCE
CO HOLD Common Stock H01531104 72,583 1351394 SH SOLE 1,351,394
ALTERA CORP Common Stock 021441100 79,220 2512537 SH SOLE 2,512,537
ALTRIA GROUP INC Common Stock 02209S103 105,216 3924491 SH SOLE 3,924,491
AMEDISYS INC Common Stock 023436108 2,690 181500 SH SOLE 181,500
AMERICA MOVIL SAB DE CV ADR 02364W105 6,504 294556 SH SOLE 294,556
AMERICAN WATER WORKS
CO INC Common Stock 030420103 85,472 2832090 SH SOLE 2,832,090
AMERISOURCEBERGEN CORP Common Stock 03073E105 154,711 4151080 SH SOLE 4,151,080
ANGLOGOLD ASHANTI LTD ADR 035128206 44,114 1066597 SH SOLE 1,066,597
ANHEUSER-BUSCH INBEV NV ADR 03524A108 3,788 71500 SH SOLE 71,500
APACHE CORP Common Stock 037411105 60,121 749264 SH SOLE 749,264
APOLLO GROUP INC Common Stock 037604105 8,080 203998 SH SOLE 203,998
APPLE INC Common Stock 037833100 209,658 550023 SH SOLE 550,023
ASSURANT INC Common Stock 04621X108 44,295 1237290 SH SOLE 1,237,290
ASSURED GUARANTY LTD Common Stock G0585R106 39,056 3553754 SH SOLE 3,553,754
AURICO GOLD INC Common Stock 05155C105 8,092 852650 SH SOLE 852,650
AVAGO TECHNOLOGIES LTD Common Stock Y0486S104 96,792 2953667 SH SOLE 2,953,667
AVNET INC Common Stock 053807103 33,877 1298976 SH SOLE 1,298,976
AVON PRODUCTS INC Common Stock 054303102 56,376 2876338 SH SOLE 2,876,338
BAKER HUGHES INC Common Stock 057224107 15,273 330870 SH SOLE 330,870
BANCO BRADESCO SA ADR 059460303 2,194 148354 SH SOLE 148,354
BANCO SANTANDER BRASIL
SA/BRAZ ADR 05967A107 1,428 195129 SH SOLE 195,129
BARRICK GOLD CORP Common Stock 067901108 143,117 3048740 SH SOLE 3,048,740
BERRY PETROLEUM CO Common Stock 085789105 1,885 53271 SH SOLE 53,271
BIOGEN IDEC INC Common Stock 09062X103 82,969 890707 SH SOLE 890,707
BLACKROCK INC Common Stock 09247X101 40,772 275470 SH SOLE 275,470
BRF - BRASIL FOODS SA ADR 10552T107 701 40000 SH SOLE 40,000
C&J ENERGY SERVICES INC Common Stock 12467B304 1,503 91447 SH SOLE 91,447
CANADIAN NATURAL
RESOURCES LTD Common Stock 136385101 100,844 3415172 SH SOLE 3,415,172
CAPITAL ONE FINANCIAL
CORP Common Stock 14040H105 100,139 2526847 SH SOLE 2,526,847
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VOTING AUTHORITY
SHARES ---------------------
FAIR MARKET AMOUNT (A) (B) (C)
TITLE CUSIP VALUE (IN PUT/CALL INVESTMENT OTHER
NAME OF ISSUER OF CLASS NUMBER (THOUSANDS) DISCRETION MANAGERS SOLE SHARED NONE
------------------------- -------- ------ ----------- -------- ---------- -------- ---- ------ ----
CATERPILLAR INC Common Stock 149123101 2,059 27890 SH SOLE 27,890
CBS CORP Common Stock 124857202 100,837 4947840 SH SOLE 4,947,840
CENTURYLINK INC Common Stock 156700106 50,214 1516128 SH SOLE 1,516,128
CHECK POINT SOFTWARE
TECHNOLOG Common Stock M22465104 55,476 1051477 SH SOLE 1,051,477
CHEVRON CORP Common Stock 166764100 167,043 1805478 SH SOLE 1,805,478
CHICAGO BRIDGE & IRON
CO NV NY Reg Shrs 167250109 23,374 816407 SH SOLE 816,407
CIA DE BEBIDAS DAS
AMERICAS ADR 20441W203 4,202 137080 SH SOLE 137,080
CIA ENERGETICA DE MINAS
GERAIS ADR 204409601 186 12500 SH SOLE 12,500
CIGNA CORP Common Stock 125509109 54,149 1291097 SH SOLE 1,291,097
CISCO SYSTEMS INC Common Stock 17275R102 140,181 9049799 SH SOLE 9,049,799
CLIFFS NATURAL RESOURCES
INC Common Stock 18683K101 55,592 1086418 SH SOLE 1,086,418
COACH INC Common Stock 189754104 76,640 1478689 SH SOLE 1,478,689
COCA-COLA CO/THE Common Stock 191216100 25,995 384771 SH SOLE 384,771
COLGATE-PALMOLIVE CO Common Stock 194162103 6,178 69669 SH SOLE 69,669
COMCAST CORP Common Stock 20030N101 31,797 1521392 SH SOLE 1,521,392
COPA HOLDINGS SA Common Stock P31076105 490 8000 SH SOLE 8,000
CREDICORP LTD Common Stock G2519Y108 816 8850 SH SOLE 8,850
DANAHER CORP Common Stock 235851102 27,235 649375 SH SOLE 649,375
DECKERS OUTDOOR CORP Common Stock 243537107 47,901 513630 SH SOLE 513,630
DEERE & CO Common Stock 244199105 1,141 17672 SH SOLE 17,672
DELL INC Common Stock 24702R101 20,334 1437065 SH SOLE 1,437,065
DEVON ENERGY CORP Common Stock 25179M103 77,567 1399119 SH SOLE 1,399,119
DEVRY INC Common Stock 251893103 49,672 1343930 SH SOLE 1,343,930
DOVER CORP Common Stock 260003108 1,307 28049 SH SOLE 28,049
DR HORTON INC Common Stock 23331A109 2,896 320343 SH SOLE 320,343
DST SYSTEMS INC Common Stock 233326107 605 13803 SH SOLE 13,803
EBAY INC Common Stock 278642103 772 26191 SH SOLE 26,191
ECOPETROL SA ADR 279158109 864 21440 SH SOLE 21,440
EMC CORP/MASSACHUSETTS Common Stock 268648102 89,498 4263827 SH SOLE 4,263,827
ENCANA CORP Common Stock 292505104 108,732 5617462 SH SOLE 5,617,462
ENERGIZER HOLDINGS INC Common Stock 29266R108 39,745 598203 SH SOLE 598,203
ENERSIS SA ADR 29274F104 1,847 109200 SH SOLE 109,200
ENSCO PLC ADR 29358Q109 1,342 33190 SH SOLE 33,190
EXCO RESOURCES INC Common Stock 269279402 29,168 2720909 SH SOLE 2,720,909
EXELON CORP Common Stock 30161N101 16,747 393026 SH SOLE 393,026
EXPEDIA INC Common Stock 30212P105 753 29229 SH SOLE 29,229
EXXON MOBIL CORP Common Stock 30231G102 2,318 31912 SH SOLE 31,912
FEMALE HEALTH CO/THE Common Stock 314462102 1,471 361335 SH SOLE 361,335
FLEXTRONICS
INTERNATIONAL LTD Common Stock Y2573F102 24,122 4284518 SH SOLE 4,284,518
FOMENTO ECONOMICO
MEXICANO SAB ADR 344419106 2,243 34600 SH SOLE 34,600
FOREST OIL CORP Common Stock 346091705 54,642 3794582 SH SOLE 3,794,582
FOSSIL INC Common Stock 349882100 39,120 482609 SH SOLE 482,609
FRANCO-NEVADA CORP Common Stock 351858105 18,455 507279 SH SOLE 507,279
GAFISA SA ADR 362607301 222 38500 SH SOLE 38,500
GENERAL DYNAMICS CORP Common Stock 369550108 33,039 580758 SH SOLE 580,758
GOLD FIELDS ADR 38059T106 48,387 3158403 SH SOLE 3,158,403
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VOTING AUTHORITY
SHARES ---------------------
FAIR MARKET AMOUNT (A) (B) (C)
TITLE CUSIP VALUE (IN PUT/CALL INVESTMENT OTHER
NAME OF ISSUER OF CLASS NUMBER (THOUSANDS) DISCRETION MANAGERS SOLE SHARED NONE
------------------------- -------- ------ ----------- -------- ---------- -------- ---- ------ ----
GOLDCORP INC Common Stock 380956409 80,199 1757200 SH SOLE 1,757,200
GOOGLE INC Common Stock 38259P508 9,002 17501 SH SOLE 17,501
GREAT BASIN GOLD LTD Common Stock 390124105 4,074 2425846 SH SOLE 2,425,846
HELMERICH & PAYNE INC Common Stock 423452101 46,115 1135830 SH SOLE 1,135,830
HERBALIFE LTD Common Stock G4412G101 97,650 1821830 SH SOLE 1,821,830
HEWLETT-PACKARD CO Common Stock 428236103 4,394 195745 SH SOLE 195,745
HOME DEPOT INC Common Stock 437076102 874 26577 SH SOLE 26,577
HUNTINGTON INGALLS
INDUSTRIES Common Stock 446413106 53 2190 SH SOLE 2,190
IDEX CORP Common Stock 45167R104 32,544 1044427 SH SOLE 1,044,427
IMAX CORP Common Stock 45245E109 29,495 2036922 SH SOLE 2,036,922
INTEL CORP Common Stock 458140100 755 35418 SH SOLE 35,418
INTERNATIONAL BUSINESS
MACHINE Common Stock 459200101 1,530 8744 SH SOLE 8,744
INTERNATIONAL SPEEDWAY
CORP Common Stock 460335201 796 34861 SH SOLE 34,861
INTERPUBLIC GROUP OF
COS INC/T Common Stock 460690100 404 56168 SH SOLE 56,168
INTREPID POTASH INC Common Stock 46121Y102 28,152 1131954 SH SOLE 1,131,954
INTUIT INC Common Stock 461202103 1,694 35715 SH SOLE 35,715
IPATH MSCI INDIA INDEX ETN ETP 06739F291 5,004 92955 SH SOLE 92,955
ISHARES IBOXX $HIGH
YIELD COR ETP 464288513 49,291 595806 SH SOLE 595,806
ISHARES IBOXX INVESTMENT
GRADE ETP 464287242 913 8127 SH SOLE 8,127
ISHARES MSCI JAPAN INDEX
FUND ETP 464286848 2,449 258888 SH SOLE 258,888
ITAU UNIBANCO HOLDING SA ADR 465562106 2,674 172314 SH SOLE 172,314
JA SOLAR HOLDINGS CO LTD ADR 466090107 1,439 808514 SH SOLE 808,514
JAZZ PHARMACEUTICALS INC Common Stock 472147107 8,096 195001 SH SOLE 195,001
JM SMUCKER CO/THE Common Stock 832696405 1,788 24536 SH SOLE 24,536
JOHNSON & JOHNSON Common Stock 478160104 39,751 623941 SH SOLE 623,941
JPMORGAN CHASE & CO Common Stock 46625H100 130,551 4334374 SH SOLE 4,334,374
KB HOME Common Stock 48666K109 836 142652 SH SOLE 142,652
KELLOGG CO Common Stock 487836108 7,889 148314 SH SOLE 148,314
KIMBERLY-CLARK CORP Common Stock 494368103 2,774 39068 SH SOLE 39,068
KINROSS GOLD CORP Common Stock 496902404 69,422 4646199 SH SOLE 4,646,199
KRAFT FOODS INC Common Stock 50075N104 732 21807 SH SOLE 21,807
KROGER CO/THE Common Stock 501044101 4,212 191800 SH SOLE 191,800
LABORATORY CORP OF
AMERICA HOL Common Stock 50540R409 53,471 676414 SH SOLE 676,414
LDK SOLAR CO LTD ADR 50183L107 234 75000 SH SOLE 75,000
LENNAR CORP Common Stock 526057104 3,168 233951 SH SOLE 233,951
LIFEPOINT HOSPITALS INC Common Stock 53219L109 46,199 1260881 SH SOLE 1,260,881
LINCOLN NATIONAL CORP Common Stock 534187109 50,901 3256596 SH SOLE 3,256,596
LYONDELLBASELL
INDUSTRIES NV Common Stock N53745100 87,697 3589744 SH SOLE 3,589,744
MACY'S INC Common Stock 55616P104 84,571 3213168 SH SOLE 3,213,168
MAGNA INTERNATIONAL INC Common Stock 559222401 34,966 1060547 SH SOLE 1,060,547
MARATHON PETROLEUM CORP Common Stock 56585A102 20,613 761752 SH SOLE 761,752
MARKET VECTORS GOLD
MINERS ETF ETP 57060U100 12,358 223912 SH SOLE 223,912
MASTERCARD INC Common Stock 57636Q104 128,716 405839 SH SOLE 405,839
MDC HOLDINGS INC Common Stock 552676108 1,739 102642 SH SOLE 102,642
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VOTING AUTHORITY
SHARES ---------------------
FAIR MARKET AMOUNT (A) (B) (C)
TITLE CUSIP VALUE (IN PUT/CALL INVESTMENT OTHER
NAME OF ISSUER OF CLASS NUMBER (THOUSANDS) DISCRETION MANAGERS SOLE SHARED NONE
------------------------- -------- ------ ----------- -------- ---------- -------- ---- ------ ----
MEDTRONIC INC Common Stock 585055106 31,690 953363 SH SOLE 953,363
MEMC ELECTRONIC
MATERIALS INC Common Stock 552715104 445 85000 SH SOLE 85,000
MERCK & CO INC Common Stock 58933Y105 3,357 102640 SH SOLE 102,640
MICROSOFT CORP Common Stock 594918104 125,433 5039480 SH SOLE 5,039,480
MONSANTO CO Common Stock 61166W101 36,195 602856 SH SOLE 602,856
MOTOROLA SOLUTIONS INC Common Stock 620076307 265 6316 SH SOLE 6,316
MURPHY OIL CORP Common Stock 626717102 125,077 2832355 SH SOLE 2,832,355
NABORS INDUSTRIES LTD Common Stock G6359F103 45,653 3723744 SH SOLE 3,723,744
NASDAQ OMX GROUP INC/THE Common Stock 631103108 53,826 2326107 SH SOLE 2,326,107
NATIONAL OILWELL
VARCO INC Common Stock 637071101 830 16200 SH SOLE 16,200
NETEASE.COM ADR 64110W102 29,435 771365 SH SOLE 771,365
NEVSUN RESOURCES LTD Common Stock 64156L101 10,001 1988284 SH SOLE 1,988,284
NEW GOLD INC Common Stock 644535106 55,445 5339753 SH SOLE 5,339,753
NEWMONT MINING CORP Common Stock 651639106 120,284 1912298 SH SOLE 1,912,298
NEXEN INC Common Stock 65334H102 94,089 6015057 SH SOLE 6,015,057
NIKE INC Common Stock 654106103 3,999 46767 SH SOLE 46,767
NOBLE CORP Common Stock H5833N103 28,291 963914 SH SOLE 963,914
NORDSON CORP Common Stock 655663102 36,045 907028 SH SOLE 907,028
NORFOLK SOUTHERN CORP Common Stock 655844108 42,722 700123 SH SOLE 700,123
NORTHROP GRUMMAN CORP Common Stock 666807102 686 13148 SH SOLE 13,148
NU SKIN ENTERPRISES INC Common Stock 67018T105 58,115 1434231 SH SOLE 1,434,231
OCCIDENTAL PETROLEUM CORP Common Stock 674599105 155,045 2168467 SH SOLE 2,168,467
OPEN TEXT CORP Common Stock 683715106 39,404 755972 SH SOLE 755,972
ORACLE CORP Common Stock 68389X105 151,106 5257686 SH SOLE 5,257,686
PATTERSON-UTI ENERGY INC Common Stock 703481101 51,534 2971972 SH SOLE 2,971,972
PEPSICO INC/NC Common Stock 713448108 17,419 281402 SH SOLE 281,402
PETROLEO BRASILEIRO SA ADR 71654V101 185,340 8945003 SH SOLE 8,945,003
PETROLEO BRASILEIRO SA ADR 71654V408 3,619 161215 SH SOLE 161,215
PFIZER INC Common Stock 717081103 94,604 5350908 SH SOLE 5,350,908
PHILIP MORRIS
INTERNATIONAL IN Common Stock 718172109 74,425 1193086 SH SOLE 1,193,086
POTASH CORP OF
SASKATCHEWAN IN Common Stock 73755L107 34,755 804138 SH SOLE 804,138
PRECISION CASTPARTS CORP Common Stock 740189105 45,301 291398 SH SOLE 291,398
PRICELINE.COM INC Common Stock 741503403 123,877 275613 SH SOLE 275,613
PROCTER & GAMBLE CO/THE Common Stock 742718109 25,295 400369 SH SOLE 400,369
PULTE GROUP INC Common Stock 745867101 2,297 581627 SH SOLE 581,627
QUALCOMM INC Common Stock 747525103 73,612 1513713 SH SOLE 1,513,713
QUICKSILVER RESOURCES INC Common Stock 74837R104 37,963 5008342 SH SOLE 5,008,342
REINSURANCE GROUP OF
AMERICA I Common Stock 759351604 33,057 719416 SH SOLE 719,416
RENESOLA LTD ADR 75971T103 5,829 3388776 SH SOLE 3,388,776
ROPER INDUSTRIES INC Common Stock 776696106 41,928 608440 SH SOLE 608,440
ROYAL GOLD INC Common Stock 780287108 82,785 1292297 SH SOLE 1,292,297
RYLAND GROUP INC Common Stock 783764103 714 67063 SH SOLE 67,063
SANDISK CORP Common Stock 80004C101 26,495 656626 SH SOLE 656,626
SHANDA GAMES LTD ADR 81941U105 21,046 5301284 SH SOLE 5,301,284
SIGNET JEWELERS LTD Common Stock G81276100 178,441 5265372 SH SOLE 5,265,372
SK TELECOM CO LTD ADR 78440P108 983 69840 SH SOLE 69,840
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VOTING AUTHORITY
SHARES ---------------------
FAIR MARKET AMOUNT (A) (B) (C)
TITLE CUSIP VALUE (IN PUT/CALL INVESTMENT OTHER
NAME OF ISSUER OF CLASS NUMBER (THOUSANDS) DISCRETION MANAGERS SOLE SHARED NONE
------------------------- -------- ------ ----------- -------- ---------- -------- ---- ------ ----
SKYLINE CORP Common Stock 830830105 1,381 144620 SH SOLE 144,620
SONOCO PRODUCTS CO Common Stock 835495102 32,733 1159522 SH SOLE 1,159,522
SOUTHWESTERN ENERGY CO Common Stock 845467109 74,075 2222484 SH SOLE 2,222,484
SPDR S&P EMERGING
EUROPE ETF ETP 78463X608 6,837 186334 SH SOLE 186,334
SPRINT NEXTEL CORP Common Stock 852061100 152 49901 SH SOLE 49,901
SUNCOR ENERGY INC Common Stock 867224107 74,867 2915376 SH SOLE 2,915,376
SUPERVALU INC Common Stock 868536103 14,319 2150000 SH SOLE 2,150,000
SYMANTEC CORP Common Stock 871503108 389 23839 SH SOLE 23,839
TALISMAN ENERGY INC Common Stock 87425E103 54,477 4407411 SH SOLE 4,407,411
TECHNOLOGY SELECT SECTOR
SPDR ETP 81369Y803 1,827 77500 SH SOLE 77,500
TELEFONICA BRASIL SA ADR 87929A102 4,276 161657 SH SOLE 161,657
TERNIUM SA ADR 880890108 2,395 115000 SH SOLE 115,000
TEVA PHARMACEUTICAL
INDUSTRIES ADR 881624209 54,121 1454071 SH SOLE 1,454,071
THERMO FISHER
SCIENTIFIC INC Common Stock 883556102 81,383 1607085 SH SOLE 1,607,085
THQ INC Common Stock 872443403 314 181508 SH SOLE 181,508
TIFFANY & CO Common Stock 886547108 7,992 131405 SH SOLE 131,405
TIM PARTICIPACOES SA ADR 88706P205 1,207 51239 SH SOLE 51,239
TRANSOCEAN LTD/
SWITZERLAND Common Stock H8817H100 110,238 2309131 SH SOLE 2,309,131
TRAVELERS COS INC/THE Common Stock 89417E109 1,812 37181 SH SOLE 37,181
TUPPERWARE BRANDS CORP Common Stock 899896104 91,388 1700554 SH SOLE 1,700,554
ULTRA PETROLEUM CORP Common Stock 903914109 150,630 5433982 SH SOLE 5,433,982
UNITED TECHNOLOGIES CORP Common Stock 913017109 74,708 1061803 SH SOLE 1,061,803
UNITEDHEALTH GROUP INC Common Stock 91324P102 152,145 3298897 SH SOLE 3,298,897
UNUM GROUP Common Stock 91529Y106 37,695 1798439 SH SOLE 1,798,439
VALE SA ADR 91912E105 25,016 1097210 SH SOLE 1,097,210
VALE SA ADR 91912E204 2,086 99354 SH SOLE 99,354
VALERO ENERGY CORP Common Stock 91913Y100 42,770 2405512 SH SOLE 2,405,512
VALSPAR CORP Common Stock 920355104 42,381 1357918 SH SOLE 1,357,918
VELTI PLC Common Stock G93285107 2,975 450000 SH SOLE 450,000
VERIZON COMMUNICATIONS
INC Common Stock 92343V104 126,406 3434942 SH SOLE 3,434,942
VF CORP Common Stock 918204108 53,950 443960 SH SOLE 443,960
WAL-MART STORES INC Common Stock 931142103 2,677 51580 SH SOLE 51,580
WALT DISNEY CO/THE Common Stock 254687106 4,065 134784 SH SOLE 134,784
WARNACO GROUP INC/THE Common Stock 934390402 64,570 1400944 SH SOLE 1,400,944
WASHINGTON POST CO/THE Common Stock 939640108 907 2775 SH SOLE 2,775
WEATHERFORD INTERNATIONAL
LTD Common Stock H27013103 114,309 9361942 SH SOLE 9,361,942
WESCO INTERNATIONAL INC Common Stock 95082P105 43,867 1307503 SH SOLE 1,307,503
WHITING PETROLEUM CORP Common Stock 966387102 28,469 811559 SH SOLE 811,559
WYNDHAM WORLDWIDE CORP Common Stock 98310W108 72,369 2538379 SH SOLE 2,538,379
XCEL ENERGY INC Common Stock 98389B100 49,788 2016534 SH SOLE 2,016,534
YAMANA GOLD INC Common Stock 98462Y100 47,567 3446979 SH SOLE 3,446,979
ZIMMER HOLDINGS INC Common Stock 98956P102 59,811 1117960 SH SOLE 1,117,960
8,814,081