0001204459-12-000285.txt : 20120213 0001204459-12-000285.hdr.sgml : 20120213 20120213171005 ACCESSION NUMBER: 0001204459-12-000285 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120213 DATE AS OF CHANGE: 20120213 EFFECTIVENESS DATE: 20120213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GUARDIAN CAPITAL LP CENTRAL INDEX KEY: 0001224324 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14316 FILM NUMBER: 12600196 BUSINESS ADDRESS: STREET 1: 191 BAY ST. COMMERCE COURT WEST STREET 2: SUITE 3100, P.O. BOX 201 CITY: TORONTO STATE: A6 ZIP: M5L 1E8 BUSINESS PHONE: 1-800-253-9181 MAIL ADDRESS: STREET 1: 191 BAY ST. COMMERCE COURT WEST STREET 2: SUITE 3100, P.O. BOX 201 CITY: TORONTO STATE: A6 ZIP: M5L 1E8 FORMER COMPANY: FORMER CONFORMED NAME: GUARDIAN CAPITAL INC DATE OF NAME CHANGE: 20030324 13F-HR 1 form13f_gc.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 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 Guardian Capital LP Address CCW, Suite 3100, 199 Bay Street PO Box 201 Toronto, Ontario Canada M5L 1E8 Form 13F File Number: 028-14316 14316 14316 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing this 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 Matthew D. Turner Title Chief Compliance Officer Phone 416-947-3708 Signature, Place, and Date of Signing: By /s/ Matthew D. Turner Toronto, Ontario CANADA February 13, 2012 ------------------------ ----------------------- ----------------- [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 178 Form 13F Information Table Value Total: 4,064,578 (thousands) List of Other Included Managers: 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. NONE FORM 13F INFORMATION TABLE

COL 1 COL 2 COL 3 COL 4 COL 5 COL 6 COL 7 COL 8 US $ SHARES VALUE OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- --------- --- ---- ------- ---------- --------- -------- -------- ACE LTD SHS H0023R105 2860 41485 SH SOLE 15885 0 25600 AETNA INC NEW COM 00817Y108 2651 63900 SH SOLE 34100 0 29800 AGNICO EAGLE MINES LTD COM 008474108 40074 1100000 SH SOLE 381600 0 718400 AGRIUM INC COM 008916108 84777 1260868 SH SOLE 855469 0 405399 ALLIANCE DATA SYSTEMS CORP COM 018581108 1409 13800 SH SOLE 13800 0 0 ALTRIA GROUP INC COM 02209S103 1979 67867 SH SOLE 67867 0 0 AMC NETWORKS INC CL A 00164V103 429 11610 SH SOLE 0 0 11610 AMDOCS LTD ORD G02602103 1939 69130 SH SOLE 0 0 69130 AMERICAN EXPRESS CO COM 025816109 454 9780 SH SOLE 1000 0 8780 ANNALY CAP MGMT INC COM 035710409 5570 354910 SH SOLE 224810 0 130100 APPLE INC COM 037833100 6736 16915 SH SOLE 8355 0 8560 ASTRAZENECA PLC SPONSORED ADR 046353108 1536 33751 SH SOLE 33751 0 0 AUTODESK INC COM 052769106 1038 34805 SH SOLE 125 0 34680 AUTOMATIC DATA PROCESSING IN COM 053015103 1253 23594 SH SOLE 23594 0 0 BAKER HUGHES INC COM 057224107 1169 24447 SH SOLE 24447 0 0 BANK MONTREAL QUE COM 063671101 29224 531874 SH SOLE 459474 0 72400 BANK NOVA SCOTIA HALIFAX COM 064149107 248808 4978112 SH SOLE 3622210 0 1355902 BANK OF NEW YORK MELLON CORP COM 064058100 513 26188 SH SOLE 28 0 26160 BARRICK GOLD CORP COM 067901108 41735 919709 SH SOLE 763109 0 156600 BAYTEX ENERGY CORP COM 07317Q105 61786 1102974 SH SOLE 1102974 0 0 BCE INC COM NEW 05534B760 69184 1656703 SH SOLE 1614962 0 41741 BECTON DICKINSON & CO COM 075887109 996 13550 SH SOLE 70 0 13480 BOSTON SCIENTIFIC CORP COM 101137107 651 123990 SH SOLE 0 0 123990 BRASKEM S A SP ADR PFD A 105532105 1084 78200 SH SOLE 78200 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 691 19952 SH SOLE 19952 0 0 BRITISH AMERN TOB PLC SPONSORED ADR 110448107 2974 31880 SH SOLE 31880 0 0 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 61541 2232070 SH SOLE 1064120 0 1167950 BROOKFIELD OFFICE PPTYS INC COM 112900105 18743 1193600 SH SOLE 1193600 0 0 CAE INC COM 124765108 41722 4290365 SH SOLE 1440065 0 2850300 CAMECO CORP COM 13321L108 71964 3975395 SH SOLE 2680515 0 1294880 CANADIAN NAT RES LTD COM 136385101 127375 3395561 SH SOLE 3001401 0 394160 CANADIAN NATL RY CO COM 136375102 143819 1824873 SH SOLE 1320423 0 504450 CANADIAN PAC RY LTD COM 13645T100 9715 143173 SH SOLE 120073 0 23100 CARNIVAL CORP PAIRED CTF 143658300 967 30120 SH SOLE 0 0 30120 CDN IMPERIAL BK OF COMMERCE COM 136069101 105563 1454905 SH SOLE 1103105 0 351800 CELESTICA INC SUB VTG SHS 15101Q108 20435 2774744 SH SOLE 2774744 0 0 CELGENE CORP COM 151020104 1216 18300 SH SOLE 18300 0 0 CENOVUS ENERGY INC COM 15135U109 134053 4029897 SH SOLE 2874721 0 1155176 CENTURYLINK INC COM 156700106 5744 157020 SH SOLE 157020 0 0 CERNER CORP COM 156782104 1189 19740 SH SOLE 0 0 19740 CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 3278 88200 SH SOLE 88200 0 0 CIGNA CORPORATION COM 125509109 2011 48700 SH SOLE 27400 0 21300 CISCO SYS INC COM 17275R102 1255 70610 SH SOLE 0 0 70610 CLIFFS NATURAL RESOURCES INC COM 18683K101 1588 25900 SH SOLE 25900 0 0 CME GROUP INC COM 12572Q105 807 3370 SH SOLE 0 0 3370 CNH GLOBAL N V SHS NEW N20935206 570 16100 SH SOLE 16100 0 0 COCA COLA CO COM 191216100 1192 17330 SH SOLE 0 0 17330 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 3024 47814 SH SOLE 24814 0 23000 COLGATE PALMOLIVE CO COM 194162103 3868 42575 SH SOLE 42575 0 0 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 589 16600 SH SOLE 16600 0 0 COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 960 119355 SH SOLE 119355 0 0 CONOCOPHILLIPS COM 20825C104 2751 38400 SH SOLE 0 0 38400 CONSOLIDATED EDISON INC COM 209115104 5582 91511 SH SOLE 91511 0 0 CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 243 10550 SH SOLE 0 0 10550 CUMMINS INC COM 231021106 1264 14600 SH SOLE 14600 0 0 D R HORTON INC COM 23331A109 208 16770 SH SOLE 0 0 16770 DEERE & CO COM 244199105 1027 13500 SH SOLE 0 0 13500 DICKS SPORTING GOODS INC COM 253393102 535 14750 SH SOLE 0 0 14750 DIGITAL RLTY TR INC COM 253868103 6880 104953 SH SOLE 68163 0 36790 DIRECTV COM CL A 25490A101 632 15030 SH SOLE 0 0 15030 DISCOVER FINL SVCS COM 254709108 1201 50900 SH SOLE 28100 0 22800 DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 572 14200 SH SOLE 0 0 14200 DISNEY WALT CO COM DISNEY 254687106 1451 39340 SH SOLE 0 0 39340 DUKE REALTY CORP COM NEW 264411505 1223 103216 SH SOLE 103216 0 0 E M C CORP MASS COM 268648102 1168 55133 SH SOLE 123 0 55010 EATON CORP COM 278058102 1183 27644 SH SOLE 27644 0 0 ENBRIDGE INC COM 29250N105 72519 1936239 SH SOLE 1166839 0 769400 ENCANA CORP COM 292505104 72557 3906346 SH SOLE 2669724 0 1236622 EQT CORP COM 26884L109 2871 53300 SH SOLE 15600 0 37700 EXELON CORP COM 30161N101 1318 30917 SH SOLE 30917 0 0 FEDEX CORP COM 31428X106 388 4720 SH SOLE 0 0 4720 FIRSTSERVICE CORP SUB VTG SH 33761N109 2247 84800 SH SOLE 84800 0 0 FRANCO NEVADA CORP COM 351858105 111144 2914730 SH SOLE 2293430 0 621300 FREEPORT-MCMORAN COPPER & GO COM 35671D857 825 22807 SH SOLE 22807 0 0 FRESENIUS MED CARE AG&CO KGA SPONSORED ADR 358029106 4529 67760 SH SOLE 41140 0 26620 GEN-PROBE INC NEW COM 36866T103 473 8130 SH SOLE 0 0 8130 GENUINE PARTS CO COM 372460105 1404 23337 SH SOLE 23337 0 0 GILDAN ACTIVEWEAR INC COM 375916103 66773 3544276 SH SOLE 3014876 0 529400 GOLDCORP INC NEW COM 380956409 181261 4077469 SH SOLE 2913269 0 1164200 GOOGLE INC CL A 38259P508 1910 3008 SH SOLE 118 0 2890 GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 772 23247 SH SOLE 23247 0 0 GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 798 38560 SH SOLE 0 0 38560 HALLIBURTON CO COM 406216101 1336 39377 SH SOLE 39377 0 0 HCP INC COM 40414L109 926 22724 SH SOLE 22724 0 0 HDFC BANK LTD ADR REPS 3 SHS 40415F101 2085 80700 SH SOLE 51200 0 29500 HEALTH CARE REIT INC COM 42217K106 1249 23297 SH SOLE 23297 0 0 HEINZ H J CO COM 423074103 561 10560 SH SOLE 0 0 10560 HESS CORP COM 42809H107 1071 19170 SH SOLE 0 0 19170 HUDBAY MINERALS INC COM 443628102 3750 376100 SH SOLE 0 0 376100 HUMANA INC COM 444859102 3627 42100 SH SOLE 19600 0 22500 ILLINOIS TOOL WKS INC COM 452308109 1081 23526 SH SOLE 23526 0 0 IMRIS INC COM 45322N105 958 353000 SH SOLE 353000 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 1481 27796 SH SOLE 27796 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 4461 24675 SH SOLE 8345 0 16330 IVANHOE MINES LTD COM 46579N103 40921 2300519 SH SOLE 2010719 0 289800 JOHNSON & JOHNSON COM 478160104 5172 80213 SH SOLE 80213 0 0 JOY GLOBAL INC COM 481165108 4005 54327 SH SOLE 24343 0 29984 KIMBERLY CLARK CORP COM 494368103 1513 20917 SH SOLE 20917 0 0 KINROSS GOLD CORP COM NO PAR 496902404 37765 3302387 SH SOLE 2669487 0 632900 KRAFT FOODS INC CL A 50075N104 3790 103180 SH SOLE 43100 0 60080 KROGER CO COM 501044101 710 29830 SH SOLE 0 0 29830 LENNAR CORP CL A 526057104 206 10680 SH SOLE 0 0 10680 LIBERTY GLOBAL INC COM SER A 530555101 608 15070 SH SOLE 0 0 15070 LORILLARD INC COM 544147101 1352 12057 SH SOLE 12057 0 0 MACYS INC COM 55616P104 3262 103100 SH SOLE 42900 0 60200 MAGNA INTL INC COM 559222401 79090 2365725 SH SOLE 1405925 0 959800 MASTERCARD INC CL A 57636Q104 1804 4920 SH SOLE 2900 0 2020 MAXIM INTEGRATED PRODS INC COM 57772K101 553 21608 SH SOLE 21608 0 0 MCDONALDS CORP COM 580135101 10089 102264 SH SOLE 81764 0 20500 METHANEX CORP COM 59151K108 40773 1778126 SH SOLE 1564126 0 214000 MINDRAY MEDICAL INTL LTD SPON ADR 602675100 1058 41950 SH SOLE 6620 0 35330 MOODYS CORP COM 615369105 402 12150 SH SOLE 0 0 12150 NATIONAL GRID PLC SPON ADR NEW 636274300 3221 67566 SH SOLE 22776 0 44790 NATIONAL OILWELL VARCO INC COM 637071101 1738 26000 SH SOLE 26000 0 0 NETEASE COM INC SPONSORED ADR 64110W102 763 17300 SH SOLE 17300 0 0 NEW GOLD INC CDA COM 644535106 2282 225800 SH SOLE 225800 0 0 NEWS CORP CL A 65248E104 581 33120 SH SOLE 0 0 33120 NORFOLK SOUTHERN CORP COM 655844108 2233 31170 SH SOLE 0 0 31170 NOVO-NORDISK A S ADR 670100205 5077 44800 SH SOLE 21490 0 23310 NVR INC COM 62944T105 202 300 SH SOLE 0 0 300 ORACLE CORP COM 68389X105 2840 112618 SH SOLE 54718 0 57900 OWENS ILL INC COM NEW 690768403 438 22990 SH SOLE 0 0 22990 PALL CORP COM 696429307 421 7500 SH SOLE 0 0 7500 PEARSON PLC SPONSORED ADR 705015105 5502 296505 SH SOLE 296505 0 0 PENGROWTH ENERGY CORP COM 70706P104 122 11500 SH SOLE 11500 0 0 PEPSICO INC COM 713448108 4032 61800 SH SOLE 61800 0 0 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 591 24200 SH SOLE 24200 0 0 POTASH CORP SASK INC COM 73755L107 151165 3650785 SH SOLE 2675015 0 975770 PROGRESS ENERGY INC COM 743263105 1405 25500 SH SOLE 25500 0 0 PROGRESSIVE WASTE SOLUTIONS COM 74339G101 46982 2397406 SH SOLE 2147906 0 249500 PROVIDENT ENERGY LTD NEW COM 74386V100 13559 1400000 SH SOLE 1400000 0 0 QUALCOMM INC COM 747525103 889 16533 SH SOLE 123 0 16410 REGENCY CTRS CORP COM 758849103 1265 34199 SH SOLE 34199 0 0 REYNOLDS AMERICAN INC COM 761713106 1855 45552 SH SOLE 45552 0 0 ROGERS COMMUNICATIONS INC CL B 775109200 94259 2442333 SH SOLE 1642278 0 800055 ROYAL BK CDA MONTREAL QUE COM 780087102 308675 6039300 SH SOLE 4666900 0 1372400 ROYAL DUTCH SHELL PLC SPONS ADR B 780259107 1268 16967 SH SOLE 16967 0 0 RYANAIR HLDGS PLC SPONSORED ADR 783513104 1405 51300 SH SOLE 0 0 51300 SANDISK CORP COM 80004C101 1689 34900 SH SOLE 1000 0 33900 SANOFI SPONSORED ADR 80105N105 4067 113200 SH SOLE 113200 0 0 SCHWAB CHARLES CORP NEW COM 808513105 846 76400 SH SOLE 0 0 76400 SEADRILL LIMITED SHS G7945E105 3604 110456 SH SOLE 110456 0 0 SHAW COMMUNICATIONS INC CL B CONV 82028K200 87314 4385094 SH SOLE 3731094 0 654000 SIERRA WIRELESS INC COM 826516106 13037 1854393 SH SOLE 1760393 0 94000 SOUTHERN COPPER CORP COM 84265V105 2909 98020 SH SOLE 98020 0 0 SOUTHWEST AIRLS CO COM 844741108 864 102630 SH SOLE 0 0 102630 STANTEC INC COM 85472N109 8924 329200 SH SOLE 144500 0 184700 STATE STR CORP COM 857477103 811 20460 SH SOLE 0 0 20460 STATOIL ASA SPONSORED ADR 85771P102 3604 143100 SH SOLE 36300 0 106800 SUN LIFE FINL INC COM 866796105 32104 1727500 SH SOLE 606500 0 1121000 SUNCOR ENERGY INC NEW COM 867224107 122235 4231224 SH SOLE 3003428 0 1227796 TALISMAN ENERGY INC COM 87425E103 18098 1417970 SH SOLE 1214970 0 203000 TECK RESOURCES LTD CL B 878742204 116344 3294951 SH SOLE 2472151 0 822800 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 1953 248572 SH SOLE 248572 0 0 TELEFONICA BRASIL SA SPONSORED ADR 87936R106 2808 104478 SH SOLE 104478 0 0 TELUS CORP NON-VTG SHS 87971M202 139388 2594389 SH SOLE 1965789 0 628600 THOMSON REUTERS CORP COM 884903105 118903 4440844 SH SOLE 3352644 0 1088200 TIM HORTONS INC COM 88706M103 59382 1223492 SH SOLE 1023392 0 200100 TIME WARNER INC COM NEW 887317303 1192 33540 SH SOLE 0 0 33540 TORONTO DOMINION BK ONT COM NEW 891160509 309649 4127842 SH SOLE 3263743 0 864099 TOTAL S A SPONSORED ADR 89151E109 727 14459 SH SOLE 14459 0 0 TRANSCANADA CORP COM 89353D107 147499 3368667 SH SOLE 2644067 0 724600 UNILEVER PLC SPON ADR NEW 904767704 3204 97208 SH SOLE 41528 0 55680 UNITED CONTL HLDGS INC COM 910047109 372 20050 SH SOLE 0 0 20050 UNITED PARCEL SERVICE INC CL B 911312106 591 8211 SH SOLE 31 0 8180 UNITEDHEALTH GROUP INC COM 91324P102 3290 66020 SH SOLE 27910 0 38110 VALE S A ADR 91912E105 5172 245212 SH SOLE 155402 0 89810 VIRGIN MEDIA INC COM 92769L101 516 24560 SH SOLE 0 0 24560 VISA INC COM CL A 92826C839 730 7310 SH SOLE 0 0 7310 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 3899 141460 SH SOLE 141460 0 0 WASHINGTON POST CO CL B 939640108 426 1150 SH SOLE 0 0 1150 WASTE MGMT INC DEL COM 94106L109 726 22567 SH SOLE 22567 0 0 WATERS CORP COM 941848103 319 4380 SH SOLE 0 0 4380 WEATHERFORD INTERNATIONAL LT REG SHS H27013103 702 48760 SH SOLE 0 0 48760 WESTPAC BKG CORP SPONSORED ADR 961214301 6358 63144 SH SOLE 40044 0 23100 WHOLE FOODS MKT INC COM 966837106 4554 66560 SH SOLE 29200 0 37360 WINDSTREAM CORP COM 97381W104 4723 409162 SH SOLE 254762 0 154400 YAMANA GOLD INC COM 98462Y100 199 13500 SH SOLE 13500 0 0