13F-HR 1 v042463_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, 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 05/14/06 ---------------------- ------------------- ------------ [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: 215 ------------------------------ Form 13F Information Table Value Total: $ 51,173,141 ------------------------------ (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 708710 23694747 SH Sole 23694747 AGCO CORP COM 001084102 3484 162440 SH Sole 162440 AMR CORP COM 001765106 59657 2270900 SH Sole 2270900 AT&T INC COM 00206R102 814151 31121999 SH Sole 31121999 ADAPTEC INC COM 00651F108 26114 4739362 SH Sole 4739362 ADMINSTRADORA FONDOS PENSIO COM 00709P108 25049 938520 SH Sole 938520 AEGON NV ORD AMER REG 007924103 337384 18890458 SH Sole 18890458 AGERE SYS INC COM 00845V308 173655 11523221 SH Sole 11523221 AKZO NOBEL NV SPONSORED 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N V SPON ADR NEW 500467303 564053 72875043 SH Sole 72875043 KOREA ELECTRIC PWR SPONSORED ADR 500631106 823874 35043561 SH Sole 35043561 KRAFT FOODS INC CL A 50075N104 3072 102557 SH Sole 102557 KROGER CO COM 501044101 1131749 56587467 SH Sole 56587467 LA Z BOY INC COM 505336107 11387 718410 SH Sole 718410 LEAR CORP COM 521865105 71255 4334270 SH Sole 4334270 LEXMARK INTL NEW CL A 529771107 275285 5974071 SH Sole 5974071 LILLY ELI & CO COM 532457108 1135 21240 SH Sole 21240 LOEWS CORP COM 540424108 333417 3311651 SH Sole 3311651 LUCENT TECHNOLOGIES INC COM 549463107 961477 310153816 SH Sole 310153816 MAGNA INTL INC CL A 559222401 10129 134734 SH Sole 134734 MAGYAR TELEKOM TELECOMMUNS P SPONSORED ADR 559776109 39579 1802300 SH Sole 1802300 MARSH & MCLENNAN COS INC COM 571748102 10881 370483 SH Sole 370483 MATTEL INC COM 577081102 89228 5101673 SH Sole 5101673 MAYTAG CORP COM 578592107 102684 4812203 SH Sole 4812203 MENTOR GRAPHICS CORP COM 587200106 15006 1395878 SH Sole 1395878 MERCK & CO INC COM 589331107 1428104 41406307 SH Sole 41406307 MICROSOFT CORP COM 594918104 5093 186697 SH Sole 186697 MICRON TECHNOLOGY COM 595112103 766064 50833715 SH Sole 50833715 MILLEA HOLDINGS INC ADR 60032R106 532034 5267138 SH Sole 5267138 MIRANT CORP NEW COM 60467R100 1144 46540 SH Sole 46540 MIRANT CORP NEW *W EXP 01/03/201 60467R118 1413 141986 SH Sole 141986 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 680635 41962670 SH Sole 41962670 MOLSON COORS BREWING CO CL B 60871R209 21951 328124 SH Sole 328124 MOLSON COORS BREWING CO CL B 60871R209 11754 175537 SH Sole 175537 NATIONAL R V HLDGS INC COM 637277104 4481 761992 SH Sole 761992 NATIONAL WESTN LIFE INS CO CL A 638522102 6426 27640 SH Sole 27640 NATIONAL WESTMINSTER BK PLC ADR REP PREF B 638539700 387 15117 SH Sole 15117 NATIONWIDE FINL SVCS INC CL A 638612101 50360 1146880 SH Sole 1146880 NATUZZI S P A ADR 63905A101 35233 4540281 SH Sole 4540281 NETBANK INC COM 640933107 2056 289102 SH Sole 289102 NEW CENTURY FINANCIAL 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