13F-HR 1 v193358_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: June 30, 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 08/11/10 --------------------------------- ------------------------ ------------- [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: 212 ------------------------------ Form 13F Information Table Value Total: $ 15,287,181 ------------------------------ (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 ----------------------------------------------------------------------------------------------------------------------------------- ABINGTON BANCORP INC COM 00350L109 $1,305 149,605 SH Sole 149,605 AEGON N V NY REGISTRY SH 007924103 $112,550 21,316,246 SH Sole 21,316,246 ALCATEL-LUCENT SPONSORED ADR 013904305 $136,410 53,704,863 SH Sole 53,704,863 ALEXANDER & BALDWIN INC COM 014482103 $4,518 151,710 SH Sole 151,710 ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 $330 12,780 SH Sole 12,780 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 $906 19,075 SH Sole 19,075 AMERICAN ELEC PWR INC COM 025537101 $7,734 239,449 SH Sole 239,449 AMERICAN EXPRESS CO COM 025816109 $126,190 3,178,595 SH Sole 3,178,595 AON CORP COM 037389103 $8,938 240,793 SH Sole 240,793 ARCHER DANIELS MIDLAND CO COM 039483102 $13,349 516,991 SH Sole 516,991 ARGO GROUP INTL HLDGS LTD COM G0464B107 $12,433 406,436 SH Sole 406,436 ARLINGTON ASSET INVT CORP CL A NEW 041356205 $336 17,853 SH Sole 17,853 ASTRAZENECA PLC SPONSORED ADR 046353108 $241,417 5,122,365 SH Sole 5,122,365 AT&T INC COM 00206R102 $305,978 12,648,952 SH Sole 12,648,952 BANCO LATINOAMERICANO DE COM SHS E P16994132 $33,071 2,647,833 SH Sole 2,647,833 BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 $21,178 2,050,172 SH Sole 2,050,172 BANK MONTREAL QUE COM 063671101 $592 10,890 SH Sole 10,890 BANK OF AMERICA CORPORATION COM 060505104 $261,912 18,226,333 SH Sole 18,226,333 BARCLAYS PLC ADR 06738E204 $51,017 3,210,660 SH Sole 3,210,660 BB&T CORP COM 054937107 $86,023 3,269,591 SH Sole 3,269,591 BIGBAND NETWORKS INC COM 089750509 $1,101 364,417 SH Sole 364,417 BIOVAIL CORP COM 09067J109 $1,211 62,700 SH Sole 62,700 BORGWARNER INC COM 099724106 $3,711 99,378 SH Sole 99,378 BOSTON SCIENTIFIC CORP COM 101137107 $164,499 28,361,964 SH Sole 28,361,964 BP PLC SPONSORED ADR 055622104 $22,258 770,689 SH Sole 770,689 BRASIL TELECOM SA SPONS ADR PFD 10553M101 $109,811 5,468,658 SH Sole 5,468,658 BRASIL TELECOM SA SPON ADR COM 10553M200 $28,735 3,321,930 SH Sole 3,321,930 BRASKEM S A SP ADR PFD A 105532105 $2,692 190,256 SH Sole 190,256 BRIGGS & STRATTON CORP COM 109043109 $12,739 748,450 SH Sole 748,450 BRISTOL MYERS SQUIBB CO COM 110122108 $240,386 9,638,555 SH Sole 9,638,555 BRITISH SKY BROADCASTING GRO SPONSORED ADR 111013108 $37,881 902,726 SH Sole 902,726 CANON INC ADR 138006309 $179,879 4,821,199 SH Sole 4,821,199 CELESTICA INC SUB VTG SHS 15101Q108 $874 107,860 SH Sole 107,860 CEMEX SAB DE CV SPON ADR NEW 151290889 $316,868 32,768,200 SH Sole 32,768,200 CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 $439,091 32,866,062 SH Sole 32,866,062 CHESAPEAKE ENERGY CORP COM 165167107 $173,976 8,304,341 SH Sole 8,304,341 CHEVRON CORP NEW COM 166764100 $232,325 3,423,593 SH Sole 3,423,593 CHICOPEE BANCORP INC COM 168565109 $1,217 103,935 SH Sole 103,935 CHINA YUCHAI INTL LTD COM G21082105 $4,290 278,360 SH Sole 278,360 CINCINNATI FINL CORP COM 172062101 $5,740 221,870 SH Sole 221,870 CITIGROUP INC COM 172967101 $247,146 65,730,211 SH Sole 65,730,211 COLE KENNETH PRODTNS INC CL A 193294105 $4,513 409,915 SH Sole 409,915 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 $10,131 245,076 SH Sole 245,076 COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 $801 38,768 SH Sole 38,768 CONOCOPHILLIPS COM 20825C104 $5,388 109,764 SH Sole 109,764 CONVERGYS CORP COM 212485106 $359 36,640 SH Sole 36,640 CORNING INC COM 219350105 $9,430 583,900 SH Sole 583,900 CUTERA INC COM 232109108 $251 27,220 SH Sole 27,220 CYNOSURE INC CL A 232577205 $292 27,067 SH Sole 27,067 D R HORTON INC COM 23331A109 $5,015 510,132 SH Sole 510,132 DAIMLER AG REG SHS D1668R123 $75,663 1,496,795 SH Sole 1,496,795 DAIMLER AG REG SHS D1668R123 $153,790 2,987,400 SH Sole 2,987,400 DANVERS BANCORP INC COM 236442109 $218 15,070 SH Sole 15,070 DELL INC COM 24702R101 $278,963 23,131,300 SH Sole 23,131,300 DEUTSCHE BANK AG NAMEN AKT D18190898 $85,685 1,497,510 SH Sole 1,497,510 DEUTSCHE BANK AG NAMEN AKT D18190898 $21,299 379,252 SH Sole 379,252 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 $244,554 20,490,950 SH Sole 20,490,950 DIAGEO P L C SPON ADR NEW 25243Q205 $932 14,850 SH Sole 14,850 DOW CHEM CO COM 260543103 $297,550 12,544,273 SH Sole 12,544,273 DST SYS INC DEL COM 233326107 $6,067 167,870 SH Sole 167,870 DU PONT E I DE NEMOURS & CO COM 263534109 $119,641 3,458,826 SH Sole 3,458,826 DYNEGY INC DEL COM 26817G300 $473 122,772 SH Sole 122,772 EBAY INC COM 278642103 $8,556 436,290 SH Sole 436,290 EDISON INTL COM 281020107 $7,627 240,447 SH Sole 240,447 ELECTRONICS FOR IMAGING INC COM 286082102 $233 23,860 SH Sole 23,860 EMBRAER-EMPRESA BRASILEIRA D SP ADR COM SHS 29081M102 $29,815 1,423,167 SH Sole 1,423,167 ENI S P A SPONSORED ADR 26874R108 $211,198 5,778,344 SH Sole 5,778,344 ERICSSON L M TEL CO ADR B SEK 10 294821608 $171,594 15,571,166 SH Sole 15,571,166 ESSA BANCORP INC COM 29667D104 $261 21,165 SH Sole 21,165 EVEREST RE GROUP LTD COM G3223R108 $5,573 78,808 SH Sole 78,808 FIDELITY NATIONAL FINANCIAL CL A 31620R105 $12,629 972,241 SH Sole 972,241 FIFTH THIRD BANCORP COM 316773100 $101,721 8,276,717 SH Sole 8,276,717 FIRST AMERN FINL CORP COM 31847R102 $1,673 131,978 SH Sole 131,978 FLEXTRONICS INTL LTD ORD Y2573F102 $97,885 17,479,428 SH Sole 17,479,428 FORTUNE BRANDS INC COM 349631101 $1,644 41,954 SH Sole 41,954 FRANCE TELECOM SPONSORED ADR 35177Q105 $183,097 10,577,517 SH Sole 10,577,517 FRESH DEL MONTE PRODUCE INC ORD G36738105 $1,292 63,815 SH Sole 63,815 GALLAGHER ARTHUR J & CO COM 363576109 $7,634 313,115 SH Sole 313,115 GENERAL ELECTRIC CO COM 369604103 $199,907 13,863,200 SH Sole 13,863,200 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 $202,441 5,952,410 SH Sole 5,952,410 GOODYEAR TIRE & RUBR CO COM 382550101 $5,625 565,855 SH Sole 565,855 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 $3,292 189,108 SH Sole 189,108 HAMPDEN BANCORP INC COM 40867E107 $477 50,195 SH Sole 50,195 HEWLETT PACKARD CO COM 428236103 $7,594 175,473 SH Sole 175,473 HOME BANCORP INC COM 43689E107 $789 61,122 SH Sole 61,122 HOME DEPOT INC COM 437076102 $32,606 1,161,603 SH Sole 1,161,603 HONDA MOTOR LTD AMERN SHS 438128308 $35,031 1,218,457 SH Sole 1,218,457 HSBC HLDGS PLC SPON ADR NEW 404280406 $2,138 46,902 SH Sole 46,902 INTEGRAL SYS INC MD COM 45810H107 $490 77,100 SH Sole 77,100 INTEL CORP COM 458140100 $289,995 14,909,783 SH Sole 14,909,783 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 $16,185 381,553 SH Sole 381,553 INVESTORS BANCORP INC COM 46146P102 $320 24,370 SH Sole 24,370 IRELAND BK SPONSORED ADR 46267Q103 $1,663 505,490 SH Sole 505,490 JAKKS PAC INC COM 47012E106 $7,241 503,537 SH Sole 503,537 KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 $4,337 114,456 SH Sole 114,456 KB HOME COM 48666K109 $3,807 346,047 SH Sole 346,047 KELLY SVCS INC CL A 488152208 $396 26,639 SH Sole 26,639 KEYCORP NEW COM 493267108 $73,794 9,596,125 SH Sole 9,596,125 KING PHARMACEUTICALS INC COM 495582108 $18,529 2,441,203 SH Sole 2,441,203 KOREA ELECTRIC PWR SPONSORED ADR 500631106 $180,892 14,044,435 SH Sole 14,044,435 KRAFT FOODS INC CL A 50075N104 $6,044 215,840 SH Sole 215,840 KROGER CO COM 501044101 $181,285 9,206,936 SH Sole 9,206,936 K-SWISS INC CL A 482686102 $346 30,850 SH Sole 30,850 KT CORP SPONSORED ADR 48268K101 $26,305 1,372,220 SH Sole 1,372,220 LEGACY BANCORP INC CL A 52463G105 $371 42,057 SH Sole 42,057 LENNAR CORP CL A 526057104 $8,781 631,288 SH Sole 631,288 LENNAR CORP CL B 526057302 $2,642 233,146 SH Sole 233,146 LILLY ELI & CO COM 532457108 $184,541 5,508,675 SH Sole 5,508,675 LOWES COS INC COM 548661107 $60,432 2,959,444 SH Sole 2,959,444 M D C HLDGS INC COM 552676108 $450 16,695 SH Sole 16,695 MAGNA INTL INC CL A 559222401 $76,567 1,160,810 SH Sole 1,160,810 MAGNA INTL INC CL A 559222401 $3,455 52,300 SH Sole 52,300 MAGYAR TELEKOM TELECOMMUNS P SPONSORED ADR 559776109 $8,654 637,258 SH Sole 637,258 MAKITA CORP ADR NEW 560877300 $523 19,630 SH Sole 19,630 MANULIFE FINL CORP COM 56501R106 $750 51,500 SH Sole 51,500 MARATHON OIL CORP COM 565849106 $13,138 422,591 SH Sole 422,591 MARSH & MCLENNAN COS INC COM 571748102 $118,601 5,259,472 SH Sole 5,259,472 MARSHALL & ILSLEY CORP NEW COM 571837103 $2,821 392,890 SH Sole 392,890 MASCO CORP COM 574599106 $87,240 8,107,831 SH Sole 8,107,831 MDS INC COM 55269P302 $1,587 187,660 SH Sole 187,660 MEDICINES CO COM 584688105 $342 44,895 SH Sole 44,895 MERCK & CO INC NEW COM 58933Y105 $171,901 4,915,656 SH Sole 4,915,656 MI DEVS INC CL A SUB VTG 55304X104 $8,269 676,095 SH Sole 676,095 MICROSOFT CORP COM 594918104 $322,320 14,007,840 SH Sole 14,007,840 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 $125,432 27,507,019 SH Sole 27,507,019 MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 $96,593 29,720,902 SH Sole 29,720,902 MOTOROLA INC COM 620076109 $187,679 28,785,199 SH Sole 28,785,199 NATUZZI S P A ADR 63905A101 $4,328 1,467,153 SH Sole 1,467,153 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 $265,317 13,044,090 SH Sole 13,044,090 NOKIA CORP SPONSORED ADR 654902204 $114,672 14,070,127 SH Sole 14,070,127 NORTEL INVERSORA S A SPON ADR PFD B 656567401 $10,572 555,550 SH Sole 555,550 NV ENERGY INC COM 67073Y106 $3,076 260,435 SH Sole 260,435 OCEAN SHORE HLDG CO NEW COM 67501R103 $1,256 119,599 SH Sole 119,599 OFFICEMAX INC DEL COM 67622P101 $295 22,625 SH Sole 22,625 OLD REP INTL CORP COM 680223104 $15,422 1,271,363 SH Sole 1,271,363 PALOMAR MED TECHNOLOGIES INC COM NEW 697529303 $1,781 159,178 SH Sole 159,178 PARTNER COMMUNICATIONS CO LT ADR 70211M109 $1,606 105,216 SH Sole 105,216 PENNEY J C INC COM 708160106 $6,505 302,828 SH Sole 302,828 PETROCHINA CO LTD SPONSORED ADR 71646E100 $3,303 30,105 SH Sole 30,105 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 $156,729 5,259,363 SH Sole 5,259,363 PFIZER INC COM 717081103 $439,113 30,793,338 SH Sole 30,793,338 PNC FINL SVCS GROUP INC COM 693475105 $149,474 2,645,550 SH Sole 2,645,550 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 $193,084 19,464,103 SH Sole 19,464,103 PPL CORP COM 69351T106 $7,773 311,532 SH Sole 311,532 PRECISION DRILLING CORP COM 2010 74022D308 $1,479 222,360 SH Sole 222,360 PUBLIC SVC ENTERPRISE GROUP COM 744573106 $8,299 264,890 SH Sole 264,890 PULTE GROUP INC COM 745867101 $12,120 1,463,800 SH Sole 1,463,800 QLT INC COM 746927102 $1,568 272,410 SH Sole 272,410 QUIKSILVER INC COM 74838C106 $529 142,925 SH Sole 142,925 REGIONS FINANCIAL CORP NEW COM 7591EP100 $64,564 9,812,190 SH Sole 9,812,190 RENT A CTR INC NEW COM 76009N100 $567 27,970 SH Sole 27,970 REPSOL YPF S A SPONSORED ADR 76026T205 $11,928 593,408 SH Sole 593,408 RYLAND GROUP INC COM 783764103 $1,751 110,690 SH Sole 110,690 SAFEWAY INC COM NEW 786514208 $283,132 14,401,421 SH Sole 14,401,421 SAIA INC COM 78709Y105 $380 25,305 SH Sole 25,305 SANOFI AVENTIS SPONSORED ADR 80105N105 $217,186 7,225,078 SH Sole 7,225,078 SARA LEE CORP COM 803111103 $214,148 15,187,822 SH Sole 15,187,822 SENECA FOODS CORP NEW CL A 817070501 $2,353 72,944 SH Sole 72,944 SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 $1,945 26,639 SH Sole 26,639 SIERRA WIRELESS INC COM 826516106 $3,620 544,350 SH Sole 544,350 SK TELECOM LTD SPONSORED ADR 78440P108 $246,683 16,747,009 SH Sole 16,747,009 SKYLINE CORP COM 830830105 $352 19,552 SH Sole 19,552 SONY CORP ADR NEW 835699307 $133,924 5,019,654 SH Sole 5,019,654 SPARTECH CORP COM NEW 847220209 $2,108 205,690 SH Sole 205,690 STANLEY BLACK & DECKER INC COM 854502101 $23,774 470,581 SH Sole 470,581 STEWART INFORMATION SVCS COR COM 860372101 $2,003 222,105 SH Sole 222,105 STMICROELECTRONICS N V NY REGISTRY 861012102 $125,932 15,920,595 SH Sole 15,920,595 SUNTRUST BKS INC COM 867914103 $66,662 2,861,049 SH Sole 2,861,049 SUPERIOR INDS INTL INC COM 868168105 $612 45,536 SH Sole 45,536 SUPERVALU INC COM 868536103 $78,305 7,223,746 SH Sole 7,223,746 SYMANTEC CORP COM 871503108 $9,490 683,740 SH Sole 683,740 SYNERON MEDICAL LTD ORD SHS M87245102 $12,204 1,187,143 SH Sole 1,187,143 SYNIVERSE HLDGS INC COM 87163F106 $889 43,475 SH Sole 43,475 TECUMSEH PRODS CO CL B 878895101 $403 36,533 SH Sole 36,533 TECUMSEH PRODS CO CL A 878895200 $4,006 360,284 SH Sole 360,284 TELE NORTE LESTE PART S A SPON ADR PFD 879246106 $211,236 14,120,045 SH Sole 14,120,045 TELECOM ARGENTINA S A SPON ADR REP B 879273209 $64,893 3,949,684 SH Sole 3,949,684 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 $35,058 5,443,760 SH Sole 5,443,760 TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 $226,511 20,573,214 SH Sole 20,573,214 TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 $2,872 544,931 SH Sole 544,931 TELEFONICA S A SPONSORED ADR 879382208 $116,114 2,091,020 SH Sole 2,091,020 TELEFONOS DE MEXICO S A B SPON ADR ORD L 879403780 $317,843 22,526,058 SH Sole 22,526,058 TELUS CORP NON-VTG SHS 87971M202 $2,914 80,310 SH Sole 80,310 TENET HEALTHCARE CORP COM 88033G100 $62,461 14,391,842 SH Sole 14,391,842 TERRITORIAL BANCORP INC COM 88145X108 $213 11,225 SH Sole 11,225 TESORO CORP COM 881609101 $15,515 1,329,490 SH Sole 1,329,490 TEXAS INSTRS INC COM 882508104 $322,830 13,867,276 SH Sole 13,867,276 TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 $66,749 2,459,440 SH Sole 2,459,440 TIMBERLAND CO CL A 887100105 $342 21,150 SH Sole 21,150 TOMKINS PLC SPONSORED ADR 890030208 $31,585 2,369,463 SH Sole 2,369,463 TOTAL S A SPONSORED ADR 89151E109 $188,005 4,211,575 SH Sole 4,211,575 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 $121,956 1,778,556 SH Sole 1,778,556 TRAVELERS COMPANIES INC COM 89417E109 $10,577 214,771 SH Sole 214,771 TYCO ELECTRONICS LTD SWITZER SHS H8912P106 $396,373 15,617,535 SH Sole 15,617,535 U S G CORP COM NEW 903293405 $5,740 475,132 SH Sole 475,132 UBS AG SHS NEW H89231338 $102,113 7,609,615 SH Sole 7,609,615 UBS AG SHS NEW H89231338 $31,517 2,384,050 SH Sole 2,384,050 UNILEVER N V N Y SHS NEW 904784709 $164,379 6,016,810 SH Sole 6,016,810 UNILEVER PLC SPON ADR NEW 904767704 $2,538 94,961 SH Sole 94,961 UTSTARCOM INC COM 918076100 $374 203,237 SH Sole 203,237 VALERO ENERGY CORP NEW COM 91913Y100 $320,914 17,848,408 SH Sole 17,848,408 VERIZON COMMUNICATIONS INC COM 92343V104 $303,011 10,814,105 SH Sole 10,814,105 VISHAY INTERTECHNOLOGY INC COM 928298108 $5,061 653,896 SH Sole 653,896 VITRAN CORP INC COM 92850E107 $2,616 186,870 SH Sole 186,870 VITRAN CORP INC COM 92850E107 $1,764 133,336 SH Sole 133,336 VIVO PARTICIPACOES S A SPON ADR PFD NEW 92855S200 $104,448 4,029,633 SH Sole 4,029,633 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 $27,270 1,319,286 SH Sole 1,319,286 WELLS FARGO & CO NEW COM 949746101 $260,252 10,166,085 SH Sole 10,166,085 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 $19,071 634,626 SH Sole 634,626 WINNEBAGO INDS INC COM 974637100 $330 33,190 SH Sole 33,190 XEROX CORP COM 984121103 $196,889 24,488,629 SH Sole 24,488,629 XL CAP LTD CL A G98255105 $36,943 2,307,522 SH Sole 2,307,522