13F-HR 1 v050146_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, 2006 ------------------------------ 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 08/14/06 ---------------------- ------------------- ------------ [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: 216 ------------------------------ Form 13F Information Table Value Total: $ 48,462,569 ------------------------------ (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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE CLASS ----------------------------------------------------------------------------------------------------------------------------------- ABN AMRO HLDG NV SPONSORED ADR 000937102 662716 24472533 SH Sole 24472533 AT&T INC COM 00206R102 836301 30488535 SH Sole 30488535 ADAPTEC INC COM 00651F108 20002 4773812 SH Sole 4773812 ADMINISTRADORA FONDOS PENSIO SPONSORED ADR 00709P108 28087 1148760 SH Sole 1148760 AEGON NV ORD AMER REG 007924103 307774 18462745 SH Sole 18462745 AGERE SYS INC COM 00845V308 139409 10160976 SH Sole 10160976 AKZO NOBEL NV SPONSORED ADR 010199305 618368 11521670 SH Sole 11521670 ALCATEL SPONSORED ADR 013904305 677306 57938921 SH Sole 57938921 ALTRIA GROUP INC COM 02209S103 532271 6797837 SH Sole 6797837 AMERICAN AXLE & MFG HLDGS IN COM 024061103 69158 4567881 SH Sole 4567881 AMERICAN GREETINGS CORP CL A 026375105 46783 2193319 SH Sole 2193319 AQUILA INC COM 03840P102 10386 2287559 SH Sole 2287559 ARVINMERITOR INC COM 043353101 59754 3573798 SH Sole 3573798 AVAYA INC COM 053499109 5536 498332 SH Sole 498332 BCE INC COM 05534B109 6571 283810 SH Sole 283810 BISYS GROUP INC COM 055472104 6453 483740 SH Sole 483740 BT GROUP PLC ADR 05577E101 577286 13292322 SH Sole 13292322 BANCO SANTANDER CENT HISPANO ADR 05964H105 103231 7090035 SH Sole 7090035 BELLSOUTH CORP COM 079860102 1272849 35794390 SH Sole 35794390 BLOCK H & R INC COM 093671105 4848 204035 SH Sole 204035 BORLAND SOFTWARE CORP COM 099849101 14674 2717370 SH Sole 2717370 BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 219508 7395820 SH Sole 7395820 BRIGGS & STRATTON CORP COM 109043109 5070 167220 SH Sole 167220 BRILLIANCE CHINA AUTO HLDG L SPONSORED ADR 10949Q105 8383 519100 SH Sole 519100 BRISTOL MYERS SQUIBB CO COM 110122108 1361303 53636844 SH Sole 53636844 BRITISH SKY BROADCASTING GRO SPONSORED ADR 111013108 195671 4852948 SH Sole 4852948 CNA FINL CORP COM 126117100 4909 144496 SH Sole 144496 CELESTICA INC SUB VTG SHS 15101Q108 69837 7820502 SH Sole 7820502 CELESTICA INC SUB VTG SHS 15101Q108 8681 971530 SH Sole 971530 CHEMTURA CORP COM 163893100 90956 9995192 SH Sole 9995192 CHIQUITA BRANDS INTL INC COM 170032809 15928 1201215 SH Sole 1201215 CHUNGHWA TELECOM CO LTD SPONSORED ADR 17133Q205 36590 1968280 SH Sole 1968280 CIBA SPECIALTY CHEMICALS HLD SPONSORED ADR 17162W206 7425 267950 SH Sole 267950 CINCINNATI BELL INC NEW COM 171871106 58030 14363949 SH Sole 14363949 CITIGROUP INC COM 172967101 10232 205755 SH Sole 205755 COACHMEN INDS INC COM 189873102 15807 1341845 SH Sole 1341845 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 7652 329829 SH Sole 329829 COMPANIA ANONIMA NACIONL TEL SPON ADR D 204421101 336408 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6418691 ESS TECHNOLOGY INC COM 269151106 5373 2487285 SH Sole 2487285 EASTMAN KODAK CO COM 277461109 724524 31148907 SH Sole 31148907 EL PASO CORP COM 28336L109 289954 18718791 SH Sole 18718791 ELECTRONIC DATA SYS NEW COM 285661104 507305 21642703 SH Sole 21642703 EMBRATEL PARTICIPACOES S A SP ADR PFD NEW 29081N209 17772 1176155 SH Sole 1176155 ESPEED INC CL A 296643109 1457 182819 SH Sole 182819 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 109487 995425 SH Sole 995425 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 9428 85680 SH Sole 85680 FIFTH THIRD BANCORP COM 316773100 525014 14113275 SH Sole 14113275 FIRST BANCORP P R COM 318672102 28732 3221117 SH Sole 3221117 FORD MTR CO DEL COM PAR $0.01 345370860 1155549 166986878 SH Sole 166986878 FRANCE TELECOM SPONSORED ADR 35177Q105 544052 24876620 SH Sole 24876620 FUJI PHOTO FILM LTD ADR 359586302 584431 17414498 SH Sole 17414498 GANNETT INC COM 364730101 659593 11668019 SH Sole 11668019 GATEWAY INC COM 367626108 99035 49517347 SH Sole 49517347 GENERAL MTRS CORP COM 370442105 1773879 59446362 SH Sole 59446362 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 533682 9621089 SH Sole 9621089 GOLD KIST INC COM 380614107 14369 1034520 SH Sole 1034520 GOODYEAR TIRE & RUBR CO COM 382550101 271543 25885921 SH Sole 25885921 GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 26442 4341913 SH Sole 4341913 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 819 42242 SH Sole 42242 HELLENIC TELECOM ORGANIZATN SPONSORED ADR 423325307 36166 3293830 SH Sole 3293830 HUNTSMAN CORP COM 447011107 56035 3178380 SH Sole 3178380 IKON OFFICE SOLUTIONS INC COM 451713101 37427 2903593 SH Sole 2903593 INFINEON TECHNOLOGIES AG SPONSORED ADR 45662N103 264706 23676714 SH Sole 23676714 INNOSPEC INC COM 45768S105 7432 293306 SH Sole 293306 INTEL CORP COM 458140100 1377181 74846778 SH Sole 74846778 INTERNATIONAL BUSINESS MACHS COM 459200101 305039 4025320 SH Sole 4025320 INTERTAPE POLYMER GROUP INC COM 460919103 1580 240150 SH Sole 240150 INTERTAPE POLYMER GROUP INC COM 460919103 8463 1287000 SH Sole 1287000 INTERVOICE INC NEW COM 461142101 5755 802691 SH Sole 802691 JP MORGAN CHASE & CO COM 46625H100 763996 17680992 SH Sole 17680992 JO-ANN STORES INC COM 47758P307 17309 1286950 SH Sole 1286950 JOHNSON & JOHNSON COM 478160104 2700 44351 SH Sole 44351 KMG AMER CORP COM 482563103 6196 734158 SH Sole 734158 KT CORP SPONSORED ADR 48268K101 848006 39962566 SH Sole 39962566 K2 INC COM 482732104 17309 1553748 SH Sole 1553748 KANSAS CITY LIFE INS CO COM 484836101 5257 122350 SH Sole 122350 KELLY SVCS INC CL A 488152208 12123 452523 SH Sole 452523 KEMET CORP COM 488360108 51081 5960451 SH Sole 5960451 KINGSWAY FINL SVCS INC COM 496904103 9568 552115 SH Sole 552115 KINGSWAY FINL SVCS INC COM 496904103 6420 369840 SH Sole 369840 KONINKLIJKE AHOLD N V SPON ADR NEW 500467303 618367 71819606 SH Sole 71819606 KOREA ELECTRIC PWR SPONSORED ADR 500631106 645893 34337759 SH Sole 34337759 KRAFT FOODS INC CL A 50075N104 3138 102507 SH Sole 102507 KROGER CO COM 501044101 1035627 47159721 SH Sole 47159721 LA Z BOY INC COM 505336107 5157 404160 SH Sole 404160 LEAR CORP COM 521865105 93526 4333918 SH Sole 4333918 LEXMARK INTL NEW CL A 529771107 247016 4441931 SH Sole 4441931 LILLY ELI & CO COM 532457108 1134 20170 SH Sole 20170 LOEWS CORP COM 540424108 353848 9769402 SH Sole 9769402 LUCENT TECHNOLOGIES INC COM 549463107 689579 309228037 SH Sole 309228037 MAGNA INTL INC CL A 559222401 9814 134734 SH Sole 134734 MAGYAR TELEKOM TELECOMMUNS P SPONSORED ADR 559776109 30810 1563964 SH Sole 1563964 MARSH & MCLENNAN COS INC COM 571748102 11563 441830 SH Sole 441830 MASTERCARD INC COM 57636Q104 8553 185860 SH Sole 185860 MATTEL INC COM 577081102 81612 4961240 SH Sole 4961240 MCCLATCHY CO CL A 579489105 14802 369593 SH Sole 369593 MENTOR GRAPHICS CORP COM 587200106 6180 486603 SH Sole 486603 MERCK & CO INC COM 589331107 1502149 40609586 SH Sole 40609586 MICROSOFT CORP COM 594918104 795015 34899692 SH Sole 34899692 MICRON TECHNOLOGY INC COM 595112103 659580 43767726 SH Sole 43767726 MILLEA HOLDINGS INC ADR 60032R106 474954 5068340 SH Sole 5068340 MIRANT CORP NEW COM 60467R100 1274 46509 SH Sole 46509 MIRANT CORP NEW *W EXP 01/03/201 60467R118 1450 141884 SH Sole 141884 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 471549 33514504 SH Sole 33514504 MOLSON COORS BREWING CO CL B 60871R209 22472 322643 SH Sole 322643 MOLSON COORS BREWING CO CL B 60871R209 12250 175537 SH Sole 175537 NATIONAL R V HLDGS INC COM 637277104 4050 751362 SH Sole 751362 NATIONAL WESTN LIFE INS CO CL A 638522102 2916 12363 SH Sole 12363 NATIONAL WESTMINSTER BK PLC ADR REP PREF B 638539700 378 14797 SH Sole 14797 NATIONWIDE FINL SVCS INC CL A 638612101 47773 1075249 SH Sole 1075249 NATUZZI S P A ADR 63905A101 33551 4666378 SH Sole 4666378 NETBANK INC COM 640933107 5283 811560 SH Sole 811560 NEW YORK TIMES CO CL A 650111107 3166 129900 SH Sole 129900 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 815164 32724352 SH Sole 32724352 NORTEL NETWORKS CORP NEW COM 656568102 746056 355264629 SH Sole 355264629 NORTEL NETWORKS CORP NEW COM 656568102 8168 3898830 SH Sole 3898830 PMA CAP CORP CL A 693419202 10003 941910 SH Sole 941910 POSCO SPONSORED ADR 693483109 10281 160185 SH Sole 160185 PARTNER COMMUNICATIONS CO LT ADR 70211M109 34581 4035175 SH Sole 4035175 PFIZER INC COM 717081103 1290072 55060703 SH Sole 55060703 PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 6856 184993 SH Sole 184993 PHOENIX COS INC NEW COM 71902E109 40816 2927980 SH Sole 2927980 PIER 1 IMPORTS INC COM 720279108 28914 4380870 SH Sole 4380870 PILGRIMS PRIDE CORP COM 721467108 36996 1392407 SH Sole 1392407 POPULAR INC COM 733174106 20374 1091269 SH Sole 1091269 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 456432 37815449 SH Sole 37815449 QLT INC COM 746927102 1976 280900 SH Sole 280900 QUEBECOR WORLD INC COM NON-VTG 748203106 108322 10114100 SH Sole 10114100 QUEBECOR WORLD INC COM NON-VTG 748203106 13951 1300140 SH Sole 1300140 QUILMES INDL QUINSA SOCIETE SP 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IMAGE CORP COM 820013100 8211 746458 SH Sole 746458 SIGMATEL INC COM 82661W107 5470 1290205 SH Sole 1290205 SOLECTRON CORP COM 834182107 86117 27425656 SH Sole 27425656 SONY CORP ADR NEW 835699307 119524 2751466 SH Sole 2751466 STARRETT L S CO CL A 855668109 5672 376856 SH Sole 376856 STMICROELECTRONICS N V NY REGISTRY 861012102 442821 29190548 SH Sole 29190548 STONERIDGE INC COM 86183P102 8073 971504 SH Sole 971504 STRATTEC SEC CORP COM 863111100 968 20535 SH Sole 20535 SUN MICROSYSTEMS INC COM 866810104 68086 16936783 SH Sole 16936783 SUPERIOR INDS INTL INC COM 868168105 21749 1219774 SH Sole 1219774 SUPERVALU INC COM 868536103 172130 5678971 SH Sole 5678971 SWISSCOM AG SPONSORED ADR 871013108 322330 9699983 SH Sole 9699983 SYNOPSYS INC COM 871607107 4189 228800 SH Sole 228800 TDK CORP AMERN DEP SH 872351408 9282 123442 SH Sole 123442 TALBOTS INC COM 874161102 6921 318075 SH Sole 318075 TECUMSEH PRODS CO CL B 878895101 11644 638051 SH Sole 638051 TECUMSEH PRODS CO CL A 878895200 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