13F-HR 1 v184617_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 -------------- Check here if Amendment |_|; Amendment Number: __ This Amendment (Check only one.): |_| is a restatement. |_| adds new holding entries. Institutional Investment Manager Filing this Report: Name: Brandes Investment Partners, L.P. -------------------------------------------------------------------- Address: 11988 El Camino Real, Suite 500 -------------------------------------------------------------------- San Diego, CA 92130 -------------------------------------------------------------------- Form 13F File Number: 28-5620 ---- 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: Ian Rose -------------------------------------------------------------------- Title: General Counsel -------------------------------------------------------------------- Phone: (858) 755-0239 -------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Ian Rose San Diego, CA 05/12/10 --------------------------------- ------------------------ ------------- [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).) Report Summary: Number of Other Included Managers: 0 ------------------------------ Form 13F Information Table Entry Total: 214 ------------------------------ Form 13F Information Table Value Total: $ 18,637,901 ------------------------------ (thousands)
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PR/ INVESTMENT OTHER VOTING AUTHORITY OF CLASS (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- AT&T INC COM 00206R102 $347,884 13,463,009 SH Sole 13,463,009 ABINGTON BANCORP INC COM 00350L109 $1,188 150,360 SH Sole 150,360 AEGON NV NY REGISTRY SH 007924103 $149,147 21,901,153 SH Sole 21,901,153 AFFYMETRIX INC COM 00826T108 $235 32,040 SH Sole 32,040 ALCATEL-LUCENT SPONSORED ADR 013904305 $179,509 57,534,995 SH Sole 57,534,995 ALEXANDER & BALDWIN INC COM 014482103 $4,027 121,850 SH Sole 121,850 ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 $402 13,105 SH Sole 13,105 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 $930 18,475 SH Sole 18,475 AMERICAN ELEC PWR INC COM 025537101 $8,630 252,493 SH Sole 252,493 AMERICAN EXPRESS CO COM 025816109 $150,320 3,643,236 SH Sole 3,643,236 ARLINGTON ASSET INVT CORP COM 041356205 $1,277 71,640 SH Sole 71,640 ARVINMERITOR INC COM 043353101 $354 26,546 SH Sole 26,546 ASTRAZENECA PLC SPONSORED ADR 046353108 $246,503 5,512,150 SH Sole 5,512,150 BB&T CORP COM 054937107 $115,080 3,552,953 SH Sole 3,552,953 BP PLC SPONSORED ADR 055622104 $47,116 825,587 SH Sole 825,587 BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 $19,340 1,555,940 SH Sole 1,555,940 BANK OF AMERICA CORPORATION COM 060505104 $334,984 18,766,586 SH Sole 18,766,586 BANK MONTREAL QUE COM 063671101 $659 10,890 SH Sole 10,890 BARCLAYS PLC ADR 06738E204 $74,402 3,420,804 SH Sole 3,420,804 BIGBAND NETWORKS INC COM 089750509 $924 263,147 SH Sole 263,147 BIOVAIL CORP COM 09067J109 $10,904 650,191 SH Sole 650,191 BIOVAIL CORP COM 09067J109 $1,484 88,920 SH Sole 88,920 BORGWARNER INC COM 099724106 $3,963 103,803 SH Sole 103,803 BOSTON SCIENTIFIC CORP COM 101137107 $210,225 29,117,002 SH Sole 29,117,002 BRASKEM SA SP ADR PFD A 105532105 $7,528 520,273 SH Sole 520,273 BRASIL TELECOM SA SPONS ADR PFD 10553M101 $108,083 5,661,766 SH Sole 5,661,766 BRASIL TELECOM SA SPON ADR COM 10553M200 $29,007 3,424,728 SH Sole 3,424,728 BRIGGS & STRATTON CORP COM 109043109 $14,952 766,779 SH Sole 766,779 BRISTOL MYERS SQUIBB CO COM 110122108 $277,671 10,399,649 SH Sole 10,399,649 BRITISH SKY BROADCASTING GRO SPONSORED ADR 111013108 $63,689 1,750,181 SH Sole 1,750,181 BRUNSWICK CORP COM 117043109 $303 18,955 SH Sole 18,955 CANON INC ADR 138006309 $244,847 5,298,571 SH Sole 5,298,571 CELESTICA INC SUB VTG SHS 15101Q108 $1,176 107,860 SH Sole 107,860 CEMEX SAB DE CV SPON ADR NEW 151290889 $294,093 28,804,426 SH Sole 28,804,426 CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 $507,262 33,817,467 SH Sole 33,817,467 CHESAPEAKE ENERGY CORP COM 165167107 $11,130 470,829 SH Sole 470,829 CHEVRON CORP NEW COM 166764100 $230,009 3,033,218 SH Sole 3,033,218 CHICOPEE BANCORP INC COM 168565109 $224 17,625 SH Sole 17,625 CINCINNATI BELL INC NEW COM 171871106 $1,168 342,640 SH Sole 342,640 CINCINNATI FINL CORP COM 172062101 $6,244 215,982 SH Sole 215,982 CISCO SYS INC COM 17275R102 $2,191 84,172 SH Sole 84,172 CITIGROUP INC COM 172967101 $279,019 68,893,463 SH Sole 68,893,463 COLE KENNETH PRODTNS INC CL A 193294105 $5,806 453,275 SH Sole 453,275 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 $10,276 279,238 SH Sole 279,238 COMPANHIA PARANAENSE ENE SPON ADR PFD 20441B407 $818 39,945 SH Sole 39,945 CONOCOPHILLIPS COM 20825C104 $5,951 116,300 SH Sole 116,300 CUTERA INC COM 232109108 $289 27,840 SH Sole 27,840 CYNOSURE INC CL A 232577205 $311 27,632 SH Sole 27,632 D R HORTON INC COM 23331A109 $6,496 515,532 SH Sole 515,532 DANVERS BANCORP INC COM 236442109 $217 15,655 SH Sole 15,655 DELL INC COM 24702R101 $372,148 24,776,855 SH Sole 24,776,855 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 $339,224 25,127,720 SH Sole 25,127,720 DIAGEO P L C SPON ADR NEW 25243Q205 $1,100 16,305 SH Sole 16,305 DOW CHEM CO COM 260543103 $389,218 13,162,585 SH Sole 13,162,585 DU PONT E I DE NEMOURS & CO COM 263534109 $179,998 4,833,460 SH Sole 4,833,460 DYNEGY INC DEL CL A 26817G102 $530 420,310 SH Sole 420,310 ENI S P A SPONSORED ADR 26874R108 $230,563 4,912,913 SH Sole 4,912,913 EBAY INC COM 278642103 $12,854 476,652 SH Sole 476,652 EDISON INTL COM 281020107 $8,573 250,899 SH Sole 250,899 ELECTRONICS FOR IMAGING INC COM 286082102 $285 24,500 SH Sole 24,500 EMBRAER-EMPRESA BRASILEIRA D SP ADR COM SHS 29081M102 $34,373 1,434,616 SH Sole 1,434,616 ERICSSON L M TEL CO ADR B SEK 10 294821608 $212,357 20,340,736 SH Sole 20,340,736 ETHAN ALLEN INTERIORS INC COM 297602104 $255 12,370 SH Sole 12,370 FIDELITY NATIONAL FINANCIAL CL A 31620R105 $12,348 833,232 SH Sole 833,232 FIFTH THIRD BANCORP COM 316773100 $184,933 13,638,099 SH Sole 13,638,099 FIRST AMERN CORP CALIF COM 318522307 $5,247 155,059 SH Sole 155,059 FORTUNE BRANDS INC COM 349631101 $3,015 62,144 SH Sole 62,144 FRANCE TELECOM SPONSORED ADR 35177Q105 $230,765 9,603,184 SH Sole 9,603,184 GALLAGHER ARTHUR J & CO COM 363576109 $9,101 370,705 SH Sole 370,705 GENERAL ELECTRIC CO COM 369604103 $247,180 13,581,307 SH Sole 13,581,307 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 $246,550 6,400,559 SH Sole 6,400,559 GOODYEAR TIRE & RUBR CO COM 382550101 $609 48,205 SH Sole 48,205 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 $4,032 191,798 SH Sole 191,798 HSBC HLDGS PLC SPON ADR NEW 404280406 $1,991 39,272 SH Sole 39,272 HAMPDEN BANCORP INC COM 40867E107 $328 32,838 SH Sole 32,838 HARLEY DAVIDSON INC COM 412822108 $614 21,875 SH Sole 21,875 HEWLETT PACKARD CO COM 428236103 $9,848 185,292 SH Sole 185,292 HITACHI LIMITED ADR 10 COM 433578507 $68,859 1,851,549 SH Sole 1,851,549 HOME BANCORP INC COM 43689E107 $855 61,062 SH Sole 61,062 HOME DEPOT INC COM 437076102 $280,252 8,663,110 SH Sole 8,663,110 HONDA MOTOR LTD AMERN SHS 438128308 $35,688 1,011,280 SH Sole 1,011,280 INTEGRAL SYS INC MD COM 45810H107 $506 52,555 SH Sole 52,555 INTEL CORP COM 458140100 $363,884 16,325,007 SH Sole 16,325,007 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 $19,610 411,380 SH Sole 411,380 INVESTORS BANCORP INC COM 46146P102 $330 25,020 SH Sole 25,020 JAKKS PAC INC COM 47012E106 $7,315 559,265 SH Sole 559,265 K-SWISS INC CL A 482686102 $344 32,990 SH Sole 32,990 KT CORP SPONSORED ADR 48268K101 $137,118 6,604,934 SH Sole 6,604,934 KB HOME COM 48666K109 $5,641 336,755 SH Sole 336,755 KELLY SVCS INC CL A 488152208 $467 28,020 SH Sole 28,020 KEYCORP NEW COM 493267108 $77,488 9,998,431 SH Sole 9,998,431 KING PHARMACEUTICALS INC COM 495582108 $17,313 1,472,183 SH Sole 1,472,183 KINGSWAY FINL SVCS INC COM 496904103 $439 279,609 SH Sole 279,609 KOREA ELECTRIC PWR SPONSORED ADR 500631106 $243,737 15,008,447 SH Sole 15,008,447 KROGER CO COM 501044101 $155,120 7,161,586 SH Sole 7,161,586 LEGACY BANCORP INC CL A 52463G105 $252 26,507 SH Sole 26,507 LENNAR CORP CL A 526057104 $11,397 662,224 SH Sole 662,224 LENNAR CORP CL B 526057302 $3,268 234,261 SH Sole 234,261 LILLY ELI & CO COM 532457108 $162,775 4,494,076 SH Sole 4,494,076 LOUISIANA PAC CORP COM 546347105 $1,087 120,058 SH Sole 120,058 LOWES COS INC COM 548661107 $70,032 2,889,097 SH Sole 2,889,097 M D C HLDGS INC COM 552676108 $358 10,345 SH Sole 10,345 MDS INC COM 55269P302 $2,767 341,130 SH Sole 341,130 MDS INC COM 55269P302 $1,714 213,360 SH Sole 213,360 MI DEVS INC CL A SUB VTG 55304X104 $8,586 658,405 SH Sole 658,405 MAGNA INTL INC CL A 559222401 $82,339 1,331,264 SH Sole 1,331,264 MAGNA INTL INC CL A 559222401 $3,228 52,300 SH Sole 52,300 MAGYAR TELEKOM TELECOMMUNS P SPONSORED ADR 559776109 $11,962 580,421 SH Sole 580,421 MAKITA CORP ADR NEW 560877300 $687 20,730 SH Sole 20,730 MARATHON OIL CORP COM 565849106 $13,961 441,246 SH Sole 441,246 MARSH & MCLENNAN COS INC COM 571748102 $122,931 5,034,036 SH Sole 5,034,036 MARSHALL & ILSLEY CORP NEW COM 571837103 $3,213 399,109 SH Sole 399,109 MASCO CORP COM 574599106 $132,445 8,533,830 SH Sole 8,533,830 MERCK & CO INC COM 58933Y105 $191,248 5,120,437 SH Sole 5,120,437 MICROSOFT CORP COM 594918104 $428,066 14,616,002 SH Sole 14,616,002 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 $154,883 29,614,305 SH Sole 29,614,305 MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 $125,979 31,974,340 SH Sole 31,974,340 MOTOROLA INC COM 620076109 $207,850 29,608,239 SH Sole 29,608,239 NATUZZI S P A ADR 63905A101 $6,655 1,478,963 SH Sole 1,478,963 NEWS CORP CL A 65248E104 $13,140 911,888 SH Sole 911,888 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 $294,072 13,990,114 SH Sole 13,990,114 NOKIA CORP SPONSORED ADR 654902204 $257,340 16,559,849 SH Sole 16,559,849 NORTEL INVERSORA S A SPON ADR PFD B 656567401 $4,440 222,023 SH Sole 222,023 NV ENERGY INC COM 67073Y106 $3,286 266,505 SH Sole 266,505 OCEAN SHORE HLDG CO NEW COM 67501R103 $1,210 113,109 SH Sole 113,109 OFFICEMAX INC DEL COM 67622P101 $386 23,500 SH Sole 23,500 OLD REP INTL CORP COM 680223104 $17,161 1,353,360 SH Sole 1,353,360 PNC FINL SVCS GROUP INC COM 693475105 $206,938 3,466,299 SH Sole 3,466,299 PPL CORP COM 69351T106 $6,411 231,345 SH Sole 231,345 PALOMAR MED TECHNOLOGIES INC COM NEW 697529303 $1,506 138,503 SH Sole 138,503 PARTNER COMMUNICATIONS COM 70211M109 $2,252 99,705 SH Sole 99,705 PENNEY J C INC COM 708160106 $8,099 251,767 SH Sole 251,767 PETROCHINA CO LTD SPONSORED ADR 71646E100 $3,438 29,330 SH Sole 29,330 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 $120,488 3,043,388 SH Sole 3,043,388 PFIZER INC COM 717081103 $534,391 31,159,830 SH Sole 31,159,830 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 $253,130 22,783,990 SH Sole 22,783,990 PUBLIC SVC ENTERPRISE GROUP COM 744573106 $8,198 277,694 SH Sole 277,694 PULTE HOMES INC COM 745867101 $17,025 1,513,312 SH Sole 1,513,312 QLT INC COM 746927102 $4,132 810,165 SH Sole 810,165 QLT INC COM 746927102 $1,756 343,280 SH Sole 343,280 QUIKSILVER INC COM 74838C106 $3,896 823,655 SH Sole 823,655 REGIONS FINANCIAL CORP NEW COM 7591EP100 $80,018 10,193,346 SH Sole 10,193,346 RENT A CTR INC NEW COM 76009N100 $675 28,555 SH Sole 28,555 REPSOL YPF S A SPONSORED ADR 76026T205 $526 22,111 SH Sole 22,111 ROYAL BK SCOTLAND GROUP PLC SP ADR REP SHS 780097689 $19,913 1,503,974 SH Sole 1,503,974 RYLAND GROUP INC COM 783764103 $1,059 47,175 SH Sole 47,175 SK TELECOM LTD SPONSORED ADR 78440P108 $309,061 17,906,216 SH Sole 17,906,216 SAFEWAY INC COM NEW 786514208 $375,987 15,124,169 SH Sole 15,124,169 SAIA INC COM 78709Y105 $362 26,105 SH Sole 26,105 SANOFI AVENTIS SPONSORED ADR 80105N105 $289,848 7,758,240 SH Sole 7,758,240 SARA LEE CORP COM 803111103 $326,221 23,418,607 SH Sole 23,418,607 SENECA FOODS CORP NEW CL A 817070501 $2,233 76,674 SH Sole 76,674 SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 $2,115 26,610 SH Sole 26,610 SIERRA WIRELESS INC COM 826516106 $1,427 169,500 SH Sole 169,500 SKYLINE CORP COM 830830105 $374 20,107 SH Sole 20,107 SONY CORP ADR NEW 835699307 $200,415 5,230,045 SH Sole 5,230,045 SPARTECH CORP COM NEW 847220209 $2,698 230,630 SH Sole 230,630 STANLEY BLACK & DECKER INC COM 854502101 $30,638 533,675 SH Sole 533,675 STEWART INFORMATION SVCS COR COM 860372101 $2,968 215,075 SH Sole 215,075 STMICROELECTRONICS N V NY REGISTRY 861012102 $171,395 17,382,860 SH Sole 17,382,860 SUNTRUST BKS INC COM 867914103 $81,350 3,036,599 SH Sole 3,036,599 SUPERIOR INDS INTL INC COM 868168105 $568 35,301 SH Sole 35,301 SUPERVALU INC COM 868536103 $119,065 7,138,198 SH Sole 7,138,198 SYNIVERSE HLDGS INC COM 87163F106 $758 38,910 SH Sole 38,910 TECUMSEH PRODS CO CL B 878895101 $385 32,398 SH Sole 32,398 TECUMSEH PRODS CO CL A 878895200 $4,405 358,974 SH Sole 358,974 TELE NORTE LESTE PART S A SPON ADR PFD 879246106 $256,515 14,525,210 SH Sole 14,525,210 TELECOM ARGENTINA S A SPON ADR REP B 879273209 $78,342 4,180,496 SH Sole 4,180,496 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 $43,354 5,615,838 SH Sole 5,615,838 TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 $312,465 21,789,745 SH Sole 21,789,745 TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 $3,164 583,838 SH Sole 583,838 TELEFONICA S A SPONSORED ADR 879382208 $155,062 2,180,896 SH Sole 2,180,896 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 $331,346 21,240,101 SH Sole 21,240,101 TELUS CORP NON-VTG SHS 87971M202 $3,169 88,810 SH Sole 88,810 TENET HEALTHCARE CORP COM 88033G100 $85,287 14,910,338 SH Sole 14,910,338 TESORO CORP COM 881609101 $16,503 1,187,276 SH Sole 1,187,276 TEXAS INSTRS INC COM 882508104 $362,142 14,799,409 SH Sole 14,799,409 TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 $77,368 2,787,027 SH Sole 2,787,027 TIMBERLAND CO CL A 887100105 $473 22,155 SH Sole 22,155 TIME WARNER CABLE INC COM 88732J207 $1,058 19,838 SH Sole 19,838 TOMKINS PLC SPONSORED ADR 890030208 $57,126 4,011,668 SH Sole 4,011,668 TOTAL S A SPONSORED ADR 89151E109 $95,932 1,653,430 SH Sole 1,653,430 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 $135,870 1,689,501 SH Sole 1,689,501 TRAVELERS COMPANIES INC COM 89417E109 $8,582 159,097 SH Sole 159,097 U S G CORP COM NEW 903293405 $8,336 485,792 SH Sole 485,792 UNILEVER PLC SPON ADR NEW 904767704 $3,022 103,223 SH Sole 103,223 UNILEVER N V NY SHS NEW 904784709 $201,755 6,689,501 SH Sole 6,689,501 UTSTARCOM INC COM 918076100 $461 165,347 SH Sole 165,347 VALERO ENERGY CORP NEW COM 91913Y100 $365,829 18,569,985 SH Sole 18,569,985 VERIZON COMMUNICATIONS INC COM 92343V104 $359,514 11,589,742 SH Sole 11,589,742 VIRTUS INVT PARTNERS INC COM 92828Q109 $262 12,588 SH Sole 12,588 VISHAY INTERTECHNOLOGY INC COM 928298108 $6,868 671,391 SH Sole 671,391 VITRAN CORP INC COM 92850E107 $1,613 133,486 SH Sole 133,486 VITRAN CORP INC COM 92850E107 $2,392 200,950 SH Sole 200,950 VIVO PARTICIPACOES S A SPON ADR PFD NEW 92855S200 $114,748 4,232,667 SH Sole 4,232,667 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 $31,831 1,365,561 SH Sole 1,365,561 WELLS FARGO & CO NEW COM 949746101 $330,351 10,615,386 SH Sole 10,615,386 WINNEBAGO INDS INC COM 974637100 $500 34,205 SH Sole 34,205 XEROX CORP COM 984121103 $253,211 25,970,349 SH Sole 25,970,349 DAIMLER AG REG SHS D1668R123 $75,499 1,606,023 SH Sole 1,606,023 DAIMLER AG REG SHS D1668R123 $145,196 3,075,000 SH Sole 3,075,000 DEUTSCHE BANK AG NAMEN AKT D18190898 $29,083 378,345 SH Sole 378,345 DEUTSCHE BANK AG NAMEN AKT D18190898 $105,307 1,364,300 SH Sole 1,364,300 ARGO GROUP INTL HLDGS LTD COM G0464B107 $10,058 308,631 SH Sole 308,631 EVEREST RE GROUP LTD COM G3223R108 $1,969 24,334 SH Sole 24,334 FRESH DEL MONTE PRODUCE INC ORD G36738105 $992 48,980 SH Sole 48,980 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 $19,129 611,360 SH Sole 611,360 XL CAP LTD CL A G98255105 $52,779 2,792,522 SH Sole 2,792,522 TYCO ELECTRONICS LTD SWITZER SHS H8912P106 $452,214 16,456,110 SH Sole 16,456,110 UBS AG SHS NEW H89231338 $21,233 1,304,227 SH Sole 1,304,227 UBS AG SHS NEW H89231338 $117,312 7,206,115 SH Sole 7,206,115 SYNERON MEDICAL LTD ORD SHS M87245102 $12,967 1,186,345 SH Sole 1,186,345 BANCO LATINOAMERICANO DE EXP CL E P16994132 $34,981 2,436,002 SH Sole 2,436,002 FLEXTRONICS INTL LTD ORD Y2573F102 $148,636 18,958,621 SH Sole 18,958,621