13F-HR 1 t304735.txt NWQ UNITED STATES SECURITIES AND EXCHANGE COMMISSION "Washington, D.C. 20549" FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 Check here if Amendment []; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding's entries Institutional Investment Manager Filing this Report: Name: NWQ INVESTMENT MANAGEMENT CO, LLC Address: 2049 Century Park East 16th Floor Los Angeles, CA 90067 13F File Number: 028-01474 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 Reporting Manager: Name: Jon D. Bosse Title: Chief Investment Officer Phone: 310-712-4000 Signature, Place, and Date of Signing: -------------- -------------- -------------------- Jon D. Bosse, Los Angeles, CA 11/14/2008 Report Type (Check only one.): [X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: "Nuveen Investments, Inc." I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 150 Form 13F Information Table Value Total: $20,624,516,164 List of Other Included Managers: No. 13F File Number Name 1 - 028-11405 -- Nuveen Investments, Inc.

TITLE OF SH/ NAME OF ISSUER CLASS CUSIP NO 13F Value Shares PRN INVT OTHER SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- ABITIBIBOWATER INC COM 003687100 10,314,080 2,665,137 SH DEFINED 1 2,440,573 0 224,564 ACERGY SA-SPON ADR ADR 00443E104 33,765,495 3,356,411 SH DEFINED 1 3,029,172 0 327,239 ACUITY BRANDS INC COM 00508Y102 35,408,680 847,909 SH DEFINED 1 765,659 0 82,250 AETNA INC COM 00817Y108 211,460,557 5,856,011 SH DEFINED 1 5,103,056 0 752,955 AGILENT TECHNOLOGIES INC COM 00846U101 92,136,121 3,106,410 SH DEFINED 1 2,559,969 0 546,441 AGRIUM INC COM 008916108 400,972 7,150 SH DEFINED 1 7,150 0 0 ALBANY INTL CORP-CL A COM 012348108 23,476,950 855,930 SH DEFINED 1 721,130 0 134,800 ALLEGHANY CORP COM 017175100 204,400 560 SH DEFINED 1 0 0 560 ALTRIA GROUP INC COM 02209S103 185,980,813 9,308,405 SH DEFINED 1 8,294,268 0 1,014,137 AMGEN INC COM 031162100 526,275,815 8,879,295 SH DEFINED 1 7,746,836 0 1,132,459 ANGLOGOLD ASHANTI-SPON ADR ADR 035128206 490,169,855 21,219,474 SH DEFINED 1 18,440,687 0 2,778,787 ANTHRACITE CAPITAL INC COM 037023108 13,764,736 2,442,162 SH DEFINED 1 2,166,088 0 276,074 AON CORP COM 037389103 508,471,748 11,309,425 SH DEFINED 1 9,852,114 0 1,457,311 APACHE CORP COM 037411105 894,270,033 8,575,662 SH DEFINED 1 7,526,954 0 1,048,708 APPROACH RESOURCES INC COM 03834A103 13,207,807 913,403 SH DEFINED 1 774,022 0 139,381 ARROW ELECTRONICS INC COM 042735100 28,733,738 1,095,871 SH DEFINED 1 1,055,471 0 40,400 ASPEN INSURANCE HOLDINGS LTD COM G05384105 32,625,395 1,186,378 SH DEFINED 1 998,678 0 187,700 AT&T INC COM 00206R102 387,948,651 13,895,009 SH DEFINED 1 11,851,263 0 2,043,746 AVNET INC COM 053807103 27,072,040 1,099,149 SH DEFINED 1 1,066,749 0 32,400 BARRICK GOLD CORP COM 067901108 694,080,580 18,891,687 SH DEFINED 1 16,696,143 0 2,195,544 BELDEN INC COM 077454106 24,851,716 780,711 SH DEFINED 1 657,761 0 122,950 BILL BARRETT CORP COM 06846N104 20,357,419 633,990 SH DEFINED 1 558,290 0 75,700 BJ SERVICES CO COM 055482103 11,736,963 613,537 SH DEFINED 1 575,337 0 38,200 BOB EVANS FARMS COM 096761101 26,674,010 977,428 SH DEFINED 1 825,832 0 151,596 BROCADE COMMUNICATIONS SYS COM 111621306 23,461,473 4,031,181 SH DEFINED 1 3,916,381 0 114,800 BUCKEYE TECHNOLOGIES INC COM 118255108 15,005,775 1,832,207 SH DEFINED 1 1,544,257 0 287,950 CA INC COM 12673P105 977,505,132 48,973,203 SH DEFINED 1 43,254,662 0 5,718,541 CANADIAN NATURAL RESOURCES COM 136385101 540,989 7,900 SH DEFINED 1 7,900 0 0 CANO PETROLEUM INC COM 137801106 3,148,174 1,362,846 SH DEFINED 1 1,151,746 0 211,100 CARPENTER TECHNOLOGY COM 144285103 7,493,186 292,132 SH DEFINED 1 283,432 0 8,700 CASEYS GENERAL STORES INC COM 147528103 38,102,809 1,262,937 SH DEFINED 1 1,141,437 0 121,500 CATERPILLAR INC COM 149123101 6,418,920 107,700 SH DEFINED 1 107,700 0 0 CBS CORP-CLASS B NON VOTING COM 124857202 238,630,840 16,228,098 SH DEFINED 1 14,240,160 0 1,987,938 CENTURY ALUMINUM COMPANY COM 156431108 11,635,864 420,219 SH DEFINED 1 379,919 0 40,300 CHEVRON CORP COM 166764100 9,559,102 115,896 SH DEFINED 1 115,896 0 0 CITIGROUP INC COM 172967101 319,396,836 15,572,737 SH DEFINED 1 13,678,115 0 1,894,622 COHERENT INC COM 192479103 26,712,661 751,411 SH DEFINED 1 727,911 0 23,500 COMCAST CORP-CL A COM 20030N101 720,421 36,700 SH DEFINED 1 36,700 0 0 COMCAST CORP-SPECIAL CL A COM 20030N200 326,123,188 16,537,687 SH DEFINED 1 14,375,012 0 2,162,675 COMMSCOPE INC COM 203372107 17,959,732 518,468 SH DEFINED 1 437,268 0 81,200 COMMUNITY HEALTH SYSTEMS INC COM 203668108 51,199,792 1,746,837 SH DEFINED 1 1,579,137 0 167,700 CONOCOPHILLIPS COM 20825C104 183,383,499 2,503,529 SH DEFINED 1 2,153,656 0 349,873 CONTINENTAL RESOURCES COM 212015101 294,225 7,500 SH DEFINED 1 7,500 0 0 DENBURY RESOURCES INC COM 247916208 4,345,080 228,208 SH DEFINED 1 222,108 0 6,100 DOMTAR CORP COM 257559104 43,052,076 9,359,147 SH DEFINED 1 8,635,047 0 724,100 ELIZABETH ARDEN INC COM 28660G106 27,918,179 1,422,220 SH DEFINED 1 1,284,421 0 137,799 ENERGIAS DE PORTUGAL-SP ADR ADR 268353109 5,263,544 127,500 SH DEFINED 1 127,500 0 0 ENI SPA-SPONSORED ADR ADR 26874R108 10,323,789 190,000 SH DEFINED 1 190,000 0 0 EXELON CORP COM 30161N101 563,580 9,000 SH DEFINED 1 9,000 0 0 EXXON MOBIL CORP COM 30231G102 1,482,063 19,084 SH DEFINED 1 19,084 0 0 FERRO CORP COM 315405100 13,415,685 667,447 SH DEFINED 1 571,247 0 96,200 FOSSIL INC COM 349882100 19,490,331 690,412 SH DEFINED 1 622,581 0 67,831 FRIEDMAN BILLINGS RAMSEY-A COM 358434108 26,363,392 13,181,696 SH DEFINED 1 12,781,058 0 400,638 GANNETT CO COM 364730101 4,111,125 237,500 SH DEFINED 1 237,500 0 0 GENERAL CABLE CORP COM 369300108 33,389,336 937,113 SH DEFINED 1 847,213 0 89,900 GENERAL ELECTRIC CO COM 369604103 8,964,866 347,340 SH DEFINED 1 347,340 0 0 GENWORTH FINANCIAL INC-CL A COM 37247D106 324,835,101 37,727,654 SH DEFINED 1 33,454,680 0 4,272,974 GIBRALTAR INDUSTRIES INC COM 374689107 50,535,032 2,695,640 SH DEFINED 1 2,445,690 0 249,950 GLATFELTER COM 377316104 11,341,429 837,624 SH DEFINED 1 709,049 0 128,575 GLAXOSMITHKLINE PLC-SPON ADR ADR 37733W105 10,335,092 235,000 SH DEFINED 1 235,000 0 0 GOLFSMITH INTERNATIONAL HOLD COM 38168Y103 4,623,822 1,783,034 SH DEFINED 1 1,452,404 0 330,630 GRIFFON CORPORATION COM 398433102 46,640,145 5,170,748 SH DEFINED 1 4,630,342 0 540,406 GSI GROUP INC COM 36229U102 12,624,000 3,576,204 SH DEFINED 1 3,001,804 0 574,400 HALLIBURTON CO COM 406216101 3,770,196 116,400 SH DEFINED 1 116,400 0 0 HANOVER INSURANCE GROUP INC/ COM 410867105 38,686,310 849,875 SH DEFINED 1 818,275 0 31,600 HARTFORD FINANCIAL SVCS GRP COM 416515104 575,896,839 13,955,060 SH DEFINED 1 12,333,038 0 1,622,022 HEALTH NET INC COM 42222G108 218,040 9,239 SH DEFINED 1 9,239 0 0 HESS CORP COM 42809H107 385,134,134 4,692,180 SH DEFINED 1 4,090,834 0 601,346 HOOKER FURNITURE CORP COM 439038100 27,242,505 1,534,789 SH DEFINED 1 1,293,602 0 241,187 ILLINOIS TOOL WORKS COM 452308109 262,785,898 5,893,423 SH DEFINED 1 5,137,802 0 755,621 INGERSOLL-RAND CO LTD-CL A COM G4776G101 333,281,298 10,692,374 SH DEFINED 1 9,423,420 0 1,268,954 INTERNATIONAL PAPER CO COM 460146103 249,800,449 9,541,652 SH DEFINED 1 8,378,014 0 1,163,638 INTERPUBLIC GROUP OF COS INC COM 460690100 45,155,189 5,826,476 SH DEFINED 1 5,650,676 0 175,800 ISHARES MSCI EAFE INDEX FUND ETF 464287465 616,879 10,957 SH DEFINED 1 10,386 0 571 ISHARES RUSSELL 1000 VALUE ETF 464287598 21,231,030 332,306 SH DEFINED 1 327,180 0 5,126 JPMORGAN CHASE & CO COM 46625H100 821,205,957 17,584,710 SH DEFINED 1 15,164,655 0 2,420,055 KADANT INC COM 48282T104 13,629,393 598,568 SH DEFINED 1 501,818 0 96,750 KEITHLEY INSTRUMENTS INC COM 487584104 17,628,869 2,106,197 SH DEFINED 1 1,732,532 0 373,665 KENNAMETAL INC COM 489170100 35,932,427 1,324,942 SH DEFINED 1 1,197,842 0 127,100 KIMBERLY-CLARK CORP COM 494368103 542,487,068 8,332,959 SH DEFINED 1 7,182,888 0 1,150,071 KOREA ELEC POWER CORP-SP ADR ADR 500631106 5,463,990 441,000 SH DEFINED 1 441,000 0 0 KRAFT FOODS INC-CLASS A COM 50075N104 220,354,145 6,699,454 SH DEFINED 1 5,761,804 0 937,650 KT CORP-SP ADR ADR 48268K101 7,270,070 433,000 SH DEFINED 1 433,000 0 0 LIBERTY MEDIA-INTERACTIVE A COM 53071M104 142,261,358 11,019,470 SH DEFINED 1 9,500,768 0 1,518,702 LINCOLN ELECTRIC HOLDINGS COM 533900106 20,997,627 325,593 SH DEFINED 1 300,693 0 24,900 LOCKHEED MARTIN CORP COM 539830109 582,540,061 5,311,754 SH DEFINED 1 4,685,231 0 626,523 LOEWS CORP COM 540424108 231,378,821 5,859,175 SH DEFINED 1 5,239,798 0 619,377 LORILLARD INC COM 544147101 308,087,968 4,330,119 SH DEFINED 1 3,869,547 0 460,572 MARTEN TRANSPORT LTD COM 573075108 25,624,512 1,313,404 SH DEFINED 1 1,108,929 0 204,475 MATTSON TECHNOLOGY INC COM 577223100 38,049,137 8,044,215 SH DEFINED 1 7,488,178 0 556,037 MEADWESTVACO CORP COM 583334107 17,584,341 754,369 SH DEFINED 1 733,769 0 20,600 MERCK & CO. INC. COM 589331107 932,648 29,200 SH DEFINED 1 25,800 0 3,400 MICROSOFT CORP COM 594918104 669,490,332 25,083,939 SH DEFINED 1 21,633,503 0 3,450,436 MIDCAP SPDR TRUST SERIES 1 ETF 595635103 1,012,619 7,683 SH DEFINED 1 7,683 0 0 MOTOROLA INC COM 620076109 577,372,783 80,572,997 SH DEFINED 1 71,601,659 0 8,971,338 NEWELL RUBBERMAID INC COM 651229106 31,152,022 1,804,868 SH DEFINED 1 1,765,568 0 39,300 NEWMONT MINING CORP COM 651639106 23,709,492 611,700 SH DEFINED 1 399,500 0 212,200 NOBLE ENERGY INC COM 655044105 745,044,475 13,402,491 SH DEFINED 1 11,692,716 0 1,709,775 NRG ENERGY INC COM 629377508 316,472,384 12,786,763 SH DEFINED 1 11,251,843 0 1,534,920 PACIFIC SUNWEAR OF CALIF COM 694873100 57,521,088 8,546,967 SH DEFINED 1 7,722,817 0 824,150 PACKAGING CORP OF AMERICA COM 695156109 76,024,941 3,249,457 SH DEFINED 1 3,155,657 0 93,800 PEOPLES UNITED FINANCIAL COM 712704105 44,222,390 2,297,267 SH DEFINED 1 2,223,167 0 74,100 PETROQUEST ENERGY INC COM 716748108 12,533,705 816,528 SH DEFINED 1 792,328 0 24,200 PFIZER INC COM 717081103 22,732,537 1,232,784 SH DEFINED 1 1,223,784 0 9,000 PHILIP MORRIS INTERNATIONAL COM 718172109 445,252,011 9,209,341 SH DEFINED 1 8,211,323 0 998,018 PITNEY BOWES INC COM 724479100 821,257,250 24,692,040 SH DEFINED 1 21,789,505 0 2,902,535 PMA CAPITAL CORPORATION-CL A COM 693419202 23,055,630 2,614,017 SH DEFINED 1 2,320,617 0 293,400 POSCO-ADR ADR 693483109 5,041,980 54,000 SH DEFINED 1 54,000 0 0 PROGRESS ENERGY INC-CVO COM 743263AA3 35,867 95,106 SH DEFINED 1 72,206 0 22,900 QUANTUM CORP COM 747906204 29,642,115 28,230,586 SH DEFINED 1 26,623,186 0 1,607,400 RAYTHEON COMPANY COM 755111507 543,183,114 10,151,058 SH DEFINED 1 9,023,999 0 1,127,059 RBC BEARINGS INC COM 75524B104 10,395,892 308,575 SH DEFINED 1 262,375 0 46,200 RELIANCE STEEL & ALUMINUM COM 759509102 14,604,097 384,622 SH DEFINED 1 372,222 0 12,400 RELIANT ENERGY INC COM 75952B105 9,820,320 1,336,098 SH DEFINED 1 1,297,698 0 38,400 ROCKWOOD HOLDINGS INC COM 774415103 16,374,647 638,139 SH DEFINED 1 618,939 0 19,200 SANOFI-AVENTIS-ADR ADR 80105N105 408,844,521 12,438,227 SH DEFINED 1 10,856,088 0 1,582,139 SAPPI LTD -SPONSORED ADR ADR 803069202 97,031,690 9,703,169 SH DEFINED 1 9,039,969 0 663,200 SARA LEE CORP COM 803111103 191,025 15,000 SH DEFINED 1 0 0 15,000 SAUER-DANFOSS INC COM 804137107 43,350,052 1,746,371 SH DEFINED 1 1,584,571 0 161,800 SEPRACOR INC COM 817315104 110,575,756 6,039,091 SH DEFINED 1 5,650,691 0 388,400 SKILLED HEALTHCARE GROU-CL A COM 83066R107 9,687,942 609,688 SH DEFINED 1 502,788 0 106,900 SMITHFIELD FOODS INC COM 832248108 53,683,452 3,380,570 SH DEFINED 1 3,163,562 0 217,008 SPRINT NEXTEL CORP COM 852061100 130,094,694 21,326,999 SH DEFINED 1 18,796,925 0 2,530,074 ST MARY LAND & EXPLORATION CO COM 792228108 21,793,166 611,309 SH DEFINED 1 593,109 0 18,200 STANCORP FINANCIAL GROUP COM 852891100 2,757,508 53,029 SH DEFINED 1 53,029 0 0 STANDARD MICROSYSTEMS CORP COM 853626109 27,694,776 1,108,678 SH DEFINED 1 936,948 0 171,730 STORA ENSO OYJ-SPONS ADR ADR 86210M106 3,522,843 367,200 SH DEFINED 1 367,200 0 0 TALISMAN ENERGY INC COM 87425E103 249,028,475 17,512,551 SH DEFINED 1 15,556,154 0 1,956,397 TELECOM ITALIA SPA-SPON ADR ADR 87927Y102 783,300 52,500 SH DEFINED 1 52,500 0 0 TELECOM ITALIA SPA-SPON ADR ADR 87927Y201 2,667,250 235,000 SH DEFINED 1 235,000 0 0 TEMPLE-INLAND INC COM 879868107 47,431,636 3,108,233 SH DEFINED 1 2,813,933 0 294,300 TEXAS INSTRUMENTS INC COM 882508104 301,495 14,023 SH DEFINED 1 8,350 0 5,673 TIMKEN CO COM 887389104 73,163,384 2,580,719 SH DEFINED 1 2,502,619 0 78,100 TOTAL SA-SPON ADR ADR 89151E109 7,281,600 120,000 SH DEFINED 1 120,000 0 0 TOWER GROUP INC COM 891777104 47,386,016 2,011,291 SH DEFINED 1 1,849,191 0 162,100 TRAVELERS COS INC/THE COM 89417E109 11,602,840 256,700 SH DEFINED 1 254,300 0 2,400 UNION PACIFIC CORP COM 907818108 368,507,747 5,169,987 SH DEFINED 1 4,441,493 0 728,494 UNITED STATES STEEL CORP COM 912909108 341,795,449 4,404,013 SH DEFINED 1 3,833,456 0 570,557 UNITED UTILITIES GROUP-ADR ADR 91311E102 5,031,267 203,071 SH DEFINED 1 203,071 0 0 UNUM GROUP COM 91529Y106 13,359,224 532,240 SH DEFINED 1 519,240 0 13,000 VERIZON COMMUNICATIONS INC COM 92343V104 256,462,895 7,991,988 SH DEFINED 1 6,870,712 0 1,121,276 VIACOM INC-CLASS B COM 92553P201 736,323,202 29,642,641 SH DEFINED 1 26,119,766 0 3,522,875 WACHOVIA CORP COM 929903102 23,948,173 6,842,335 SH DEFINED 1 6,476,969 0 365,366 WARREN RESOURCES INC COM 93564A100 64,710,340 6,484,002 SH DEFINED 1 5,991,552 0 492,450 WAUSAU PAPER CORP COM 943315101 47,337,703 4,673,021 SH DEFINED 1 4,204,421 0 468,600 WD-40 CO COM 929236107 38,356,245 1,067,527 SH DEFINED 1 907,425 0 160,102 WELLS FARGO & CO COM 949746101 680,920,451 18,143,364 SH DEFINED 1 15,610,061 0 2,533,303 WESCO INTERNATIONAL INC COM 95082P105 17,038,087 529,462 SH DEFINED 1 513,862 0 15,600