13F-HR 1 v084492_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, 2007 ------------- 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: Adelaide Pund ---------------------------------------------------------------------- Title: Head of Compliance ---------------------------------------------------------------------- Phone: (858) 755-0239 ---------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Adelaide Pund San Diego, CA 8/13/07 --------------------- ----------------- ----------- [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: 194 ------------- Form 13F Information Table Value Total: $ 58,322,871 ------------- (thousands)

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 VOTING SHRS OR PRN AMT INVESTMENT OTHER AUTHORITY SOLE NAME OF ISSUER TITLE OF CLASS CUSIP VALUE (X1000) SH/PRN PUT/CALL DISCRETION MANAGERS SHARED NONE -------------- -------------- ----- ------------- --------------- ---------- -------- -------------- ABN AMRO HLDG NV SPONSORED ADR 000937102 607691 13233692 SH Sole 13233692 AT&T INC COM 00206R102 1171282 28223667 SH Sole 28223667 ADAPTEC INC COM 00651F108 12781 3354666 SH Sole 3354666 ADMINISTRADORA FONDOS PENSIO SPONSORED ADR 00709P108 71152 2271060 SH Sole 2271060 AEGON NV ORD AMER REG 007924103 361694 18406830 SH Sole 18406830 AKZO NOBEL NV SPONSORED ADR 010199305 637686 7429636 SH Sole 7429636 ALCATEL-LUCENT SPONSORED ADR 013904305 1654665 118190344 SH Sole 118190344 ALTRIA GROUP INC COM 02209S103 420128 5989847 SH Sole 5989847 AMERICAN AXLE & MFG HLDGS IN COM 024061103 45181 1525368 SH Sole 1525368 AMERICAN GREETINGS CORP CL A 026375105 40407 1426307 SH Sole 1426307 AMGEN INC COM 031162100 773083 13982335 SH Sole 13982335 ARVINMERITOR INC COM 043353101 63185 2846191 SH Sole 2846191 ASPREVA PHARMACEUTICALS CORP COM 04538T109 3919 226510 SH Sole 226510 ASTRAZENECA PLC SPONSORED ADR 046353108 587035 10976720 SH Sole 10976720 BISYS Group Inc COM 055472104 19167 1620221 SH Sole 1620221 BT Group PLC ADR 05577E101 221346 3324518 SH Sole 3324518 BEARINGPOINT INC COM 074002106 335 45875 SH Sole 45875 BLOCK H & R INC COM 093671105 121053 5179858 SH Sole 5179858 BORLAND SOFTWARE CORP COM 099849101 9437 1588639 SH Sole 1588639 BOSTON SCIENTIFIC CORP COM 101137107 1197227 78046075 SH Sole 78046075 BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 436965 7227337 SH Sole 7227337 BRIGGS & STRATTON CORP COM 109043109 71046 2251142 SH Sole 2251142 BRILLIANCE CHINA AUTO HLDG L SPONSORED ADR 10949Q105 1875 75590 SH Sole 75590 BRISTOL MYERS SQUIBB CO COM 110122108 1273709 40358349 SH Sole 40358349 BRITISH SKY BROADCASTING GRO SPONSORED ADR 111013108 273819 5308630 SH Sole 5308630 CELESTICA INC SUB VTG SHS 15101Q108 103585 16573551 SH Sole 16573551 CELESTICA INC SUB VTG SHS 15101Q108 8179 1296350 SH Sole 1296350 CHEMTURA CORP COM 163893100 121072 10897543 SH Sole 10897543 CHIQUITA BRANDS INTL INC COM 170032809 19937 1051505 SH Sole 1051505 CHUNGHWA TELECOM CO LTD SPONSORED ADR 17133Q205 37699 1998876 SH Sole 1998876 CINCINNATI BELL INC NEW COM 171871106 27806 4810797 SH Sole 4810797 CITIGROUP INC COM 172967101 33825 659481 SH Sole 659481 COACHMEN INDS INC COM 189873102 6502 673066 SH Sole 673066 COLE KENNETH PRODTNS INC CL A 193294105 433 17550 SH Sole 17550 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 9236 209539 SH Sole 209539 CONSECO INC COM NEW 208464883 255421 12226959 SH Sole 12226959 COST PLUS INC CALIF COM 221485105 5265 620820 SH Sole 620820 DEL MONTE FOODS CO COM 24522P103 10968 901982 SH Sole 901982 DELL INC COM 24702R101 1400074 49039369 SH Sole 49039369 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 1198228 65085712 SH Sole 65085712 DOREL INDS INC CL B SUB VTG 25822C205 7060 205970 SH Sole 205970 DOW CHEM CO COM 260543103 876299 19816797 SH Sole 19816797 ESS TECHNOLOGY INC COM 269151106 1784 1074984 SH Sole 1074984 EASTMAN KODAK CO COM 277461109 1001121 35972716 SH Sole 35972716 EL PASO CORP COM 28336L109 49299 2861218 SH Sole 2861218 ELECTRONIC DATA SYS NEW COM 285661104 504885 18207179 SH Sole 18207179 ERICSSON L M TEL CO ADR B SEK 10 294821608 90816 2276661 SH Sole 2276661 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 4161 21780 SH Sole 21780 FEDERAL HOME LN MTG CORP COM 313400301 3515 57911 SH Sole 57911 FEDERAL SIGNAL CORP COM 313855108 370 23310 SH Sole 23310 FIFTH THIRD BANCORP COM 316773100 912413 22942250 SH Sole 22942250 FIRST BANCORP P R COM 318672102 43105 3922188 SH Sole 3922188 FLEETWOOD ENTERPRISES INC COM 339099103 902 99652 SH Sole 99652 FORD MTR CO DEL COM PAR $0.01 345370860 1605257 170409408 SH Sole 170409408 FRANCE TELECOM SPONSORED ADR 35177Q105 839907 30564317 SH Sole 30564317 FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 32602 5971005 SH Sole 5971005 FUJIFILM HLDGS CORP ADR 2 ORD 35958N107 359098 8047923 SH Sole 8047923 FURNITURE BRANDES INTL INC COM 360921100 24507 1725836 SH Sole 1725836 GANNETT INC COM 364730101 1095405 19934584 SH Sole 19934584 GATEWAY INC COM 367626108 67185 42254479 SH Sole 42254479 GENERAL MTRS CORP COM 370442105 1898610 50227790 SH Sole 50227790 GEORGIA GULF CORP COM PAR $0.01 373200203 37660 2079506 SH Sole 2079506 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 808286 15434139 SH Sole 15434139 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 1001 36273 SH Sole 36273 HSBC HLDGS PLC SPON ADR NEW 404280406 456795 4977605 SH Sole 4977605 HELLENIC TELECOM ORGANIZATN SPONSORED ADR 423325307 48866 3142520 SH Sole 3142520 HITACHI LIMITED ADR 10 COM 433578507 786162 11111827 SH Sole 11111827 HOME DEPOT INC COM 437076102 28380 721210 SH Sole 721210 HUNTSMAN CORP COM 447011107 145807 5997806 SH Sole 5997806 IDEARC INC COM 451663108 40880 1157098 SH Sole 1157098 INFINEON TECHNOLOGIES AG SPONSORED ADR 45662N103 201127 12167395 SH Sole 12167395 INTEL CORP COM 458140100 1829042 76979897 SH Sole 76979897 INTERNATIONAL BUSINESS MACHS COM 459200101 1089372 10350327 SH Sole 10350327 INTERTAPE POLYMER GROUP INC COM 460919103 11332 2518180 SH Sole 2518180 INTERTAPE POLYMER GROUP INC COM 460919103 8836 1968790 SH Sole 1968790 INTERVOICE INC NEW COM 461142101 3828 459572 SH Sole 459572 JDS UNIPHASE CORP COM PAR $0.001 46612J507 48424 3605645 SH Sole 3605645 JOHNSON & JOHNSON COM 478160104 905488 14694714 SH Sole 14694714 KMG AMER CORP COM 482563103 3041 579147 SH Sole 579147 KT CORP SPONSORED ADR 48268K101 919833 39208580 SH Sole 39208580 KANSAS CITY LIFE INS CO COM 484836101 1186 25502 SH Sole 25502 KELLY SVCS INC CL A 488152208 2940 107054 SH Sole 107054 KEMET CORP COM 488360108 32588 4622398 SH Sole 4622398 KINGSWAY FINL SVCS INC COM 496904103 5225 282720 SH Sole 282720 KINGSWAY FINL SVCS INC COM 496904103 8442 450460 SH Sole 450460 KONINKLIJKE AHOLD N V SPON ADR NEW 500467303 775397 61932676 SH Sole 61932676 KOOR INDS LTD SPONSORED ADR 500507108 3882 292130 SH Sole 292130 KOREA ELECTRIC PWR SPONSORED ADR 500631106 724931 33101871 SH Sole 33101871 KRAFT FOODS INC CL A 50075N104 334984 9503100 SH Sole 9503100 LSI CORPORATION COM 502161102 59714 7951285 SH Sole 7951285 LA Z BOY INC COM 505336107 4710 410968 SH Sole 410968 LEAR CORP COM 521865105 95187 2673030 SH Sole 2673030 LILLY ELI & CO COM 532457108 3123 55880 SH Sole 55880 LOUISIANA PAC CORP COM 546347105 10159 536950 SH Sole 536950 MAGNA INTL INC CL A 559222401 136560 1500828 SH Sole 1500828 MAGNA INTL INC CL A 559222401 10427 113909 SH Sole 113909 MAGYAR TELEKOM TELECOMMUNS P SPONSORED ADR 559776109 43804 1572298 SH Sole 1572298 MARSH & MCLENNAN COS INC COM 571748102 222535 7206445 SH Sole 7206445 MASCO CORP COM 574599106 5457 191690 SH Sole 191690 MCCLATCHY CO CL A 579489105 193951 7663037 SH Sole 7663037 MERCK & CO INC COM 589331107 801251 16089370 SH Sole 16089370 MICROSOFT CORP COM 594918104 1000142 33937621 SH Sole 33937621 MICRON TECHNOLOGY INC COM 595112103 1099475 87747396 SH Sole 87747396 MILLEA HOLDINGS INC ADR 60032R106 497058 12111546 SH Sole 12111546 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 829662 75286917 SH Sole 75286917 MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 400208 28812645 SH Sole 28812645 MOTOROLA INC COM 620076109 267842 15132327 SH Sole 15132327 NEC CORP ADR 629050204 190279 36947321 SH Sole 36947321 NATIONAL R V HLDGS INC COM 637277104 238 163133 SH Sole 163133 NATUZZI S P A ADR 63905A101 35530 4469202 SH Sole 4469202 NELNET INC CL A 64031N108 3416 139790 SH Sole 139790 NETBANK INC COM 640933107 284 915782 SH Sole 915782 NEW YORK TIMES CO CL A 650111107 71280 2806297 SH Sole 2806297 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 876394 39530619 SH Sole 39530619 NORTEL NETWORKS CORP NEW COM NEW 656568508 1098261 45665742 SH Sole 45665742 NORTEL NETWORKS CORP NEW COM NEW 656568508 9033 374642 SH Sole 374642 NOVARTIS A G SPONSORED ADR 66987V109 4469 79705 SH Sole 79705 OLD REP INTL CORP COM 680223104 48717 2291479 SH Sole 2291479 PMA CAP CORP CL A 693419202 5324 498028 SH Sole 498028 PARTNER COMMUNICATIONS CO LT ADR 70211M109 22994 1424672 SH Sole 1424672 PFIZER INC COM 717081103 1277283 49952397 SH Sole 49952397 PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 7315 127893 SH Sole 127893 PHOENIX COS INC NEW COM 71902E109 33042 2201331 SH Sole 2201331 PIER 1 IMPORTS INC COM 720279108 34713 4088657 SH Sole 4088657 POLYONE CORP COM 73179P106 8626 1199775 SH Sole 1199775 POPULAR INC COM 733174106 130088 8095083 SH Sole 8095083 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 509000 36645045 SH Sole 36645045 QIMONDA AG SPONSORED ADR 746904101 1863 120590 SH Sole 120590 QLT INC COM 746927102 3990 550530 SH Sole 550530 QUEBECOR WORLD INC COM NON-VTG 748203106 116703 9605207 SH Sole 9605207 QUEBECOR WORLD INC COM NON-VTG 748203106 16064 1313120 SH Sole 1313120 QUIKSILVER INC COM 74838C106 5755 407320 SH Sole 407320 SK TELECOM LTD SPONSORED ADR 78440P108 894448 32703764 SH Sole 32703764 SAFEWAY INC COM NEW 786514208 1006664 29581664 SH Sole 29581664 SANMINA SCI CORP COM 800907107 138111 44124798 SH Sole 44124798 SANOFI AVENTIS SPONSORED ADR 80105N105 775481 19257048 SH Sole 19257048 SARA LEE CORP COM 803111103 845773 48607651 SH Sole 48607651 SHARPER IMAGE CORP COM 820013100 4979 437123 SH Sole 437123 SIGMATEL INC COM 82661W107 1883 649390 SH Sole 649390 SKYLINE CORP COM 830830105 3558 118544 SH Sole 118544 SOLECTRON CORP COM 834182107 157617 42830580 SH Sole 42830580 SONY CORP ADR NEW 835699307 160237 3119264 SH Sole 3119264 STARRETT L S CO CL A 855668109 2171 118517 SH Sole 118517 STMICROELECTRONICS N V NY REGISTRY 861012102 562857 29330721 SH Sole 29330721 STONERIDGE INC COM 86183P102 992 80397 SH Sole 80397 STRATTEC SEC CORP COM 863111100 2281 48527 SH Sole 48527 SUPERIOR INDS INTL INC COM 868168105 14823 681222 SH Sole 681222 SUPERVALU INC COM 868536103 299834 6473097 SH Sole 6473097 SWISSCOM AG SPONSORED ADR 871013108 366544 10749082 SH Sole 10749082 TDK CORP AMERN DEP SH 872351408 19038 196817 SH Sole 196817 TALBOTS INC COM 874161102 17977 718210 SH Sole 718210 TECUMSEH PRODS CO CL B 878895101 4514 303772 SH Sole 303772 TECUMSEH PRODS CO CL A 878895200 6552 417049 SH Sole 417049 TELE NORTE LESTE PART S A SPON ADR PFD 879246106 486559 25648887 SH Sole 25648887 TELECOM ARGENTINA S A SPON ADR REP B 879273209 213074 8550312 SH Sole 8550312 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 165060 5911879 SH Sole 5911879 TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 1022072 37220398 SH Sole 37220398 TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 451966 11535622 SH Sole 11535622 TELEFONICA S A SPONSORED ADR 879382208 1064305 15942262 SH Sole 15942262 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 1625720 42906318 SH Sole 42906318 TELEMIG CELULAR PART S A SPON ADR PFD 87944E105 1815 36055 SH Sole 36055 TELUS CORP NON-VTG SHS 87971M202 2357 40000 SH Sole 40000 TENET HEALTHCARE CORP COM 88033G100 461070 70824853 SH Sole 70824853 THOMSON SPONSORED ADR 885118109 307056 16561813 SH Sole 16561813 3COM CORP COM 885535104 87871 21276242 SH Sole 21276242 TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 77555 2249921 SH Sole 2249921 TOMKINS PLC SPONSORED ADR 890030208 91667 4413410 SH Sole 4413410 TRIAD HOSPITALS INC COM 89579K109 4079 75865 SH Sole 75865 TRIBUNE CO NEW COM 896047107 17595 598483 SH Sole 598483 TRONOX INC COM CL B 897051207 5668 403396 SH Sole 403396 UNILEVER PLC SPON ADR NEW 904767704 29577 916825 SH Sole 916825 UNILEVER N V NY SHS NEW 904784709 1046775 33745153 SH Sole 33745153 UNISYS CORP COM 909214108 354487 38784085 SH Sole 38784085 UNITED MICROELECTRONICS CORP SPONSORED ADR 910873207 26655 7793880 SH Sole 7793880 UTSTARCOM INC COM 918076100 56761 10117858 SH Sole 10117858 VERIZON COMMUNICATIONS COM 92343V104 919979 22345862 SH Sole 22345862 VISTEON CORP COM 92839U107 81887 10109537 SH Sole 10109537 VITRAN CORP INC COM 92850E107 537 25000 SH Sole 25000 VIVO PARTICIPACOES S A SPON ADR PFD 92855S101 138335 27611814 SH Sole 27611814 W HLDG CO INC COM 929251106 21429 8117062 SH Sole 8117062 WABASH NATL CORP COM 929566107 6992 477936 SH Sole 477936 WELLMAN INC COM 949702104 2784 915631 SH Sole 915631 WESTLAKE CHEMICAL CORPORATION COM 960413102 13315 473505 SH Sole 473505 WHIRLPOOL CORP COM 963320106 137290 1234622 SH Sole 1234622 XEROX CORP COM 984121103 829654 44894687 SH Sole 44894687 FRESH DEL MONTE PRODUCE INC ORD G36738105 131497 5249369 SH Sole 5249369 IPC HLDGS LTD ORD G4933P101 69446 2150698 SH Sole 2150698 MONTPELIER RE HOLDINGS LTD SHS G62185106 7024 378850 SH Sole 378850 PXRE GROUP LTD COM G73018106 32090 6915879 SH Sole 6915879 QUANTA CAPITAL HLDGS LTD SHS G7313F106 13922 5800898 SH Sole 5800898 SCOTTISH RE GROUP LIMITED SHS G73537410 28093 5744948 SH Sole 5744948 TYCO INTERNATIONAL LTD WHEN ISSUED G9143X208 746600 22095298 SH Sole 22095298 BANCO LATINOAMERICANO DE EXP CL E P16994132 67341 3581955 SH Sole 3581955 KONINKLIJKE AHOLD N V SPON ADR NEW 500467303 518 41406 SH Sole 41406