13F-HR 1 v029546_brandes-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: September 30, 2005 ---------------------- 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 11/15/05 -------------------------- --------------------------- ---------- [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: 228 --------------------- Form 13F Information Table Value Total: $ 45,233,500 --------------------- (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 604,394 25,448,177 SH Sole 25,448,177 AGCO CORP COM 001084102 226 14,960 SH Sole 14,960 AMR CORP COM 001765106 88,352 6,520,406 SH Sole 6,520,406 ATI TECHNOLOGIES INC COM 001941103 10,344 719,200 SH Sole 719,200 ADAPTEC INC COM 00651F108 30,021 7,340,137 SH Sole 7,340,137 ADMINISTRADORA FONDOS PENSIO SPONSORED ADR 00709P108 14,659 518,900 SH Sole 518,900 AEGON N V ORD AMER REG 007924103 582,282 38,459,867 SH Sole 38,459,867 AGERE SYS INC COM 00845V308 134,526 13,240,758 SH Sole 13,240,758 AKZO NOBEL NV SPONSORED ADR 010199305 614,091 14,215,067 SH Sole 14,215,067 ALBERTSONS INC COM 013104104 1,268,710 50,365,638 SH Sole 50,365,638 ALCATEL SPONSORED ADR 013904305 709,344 60,679,535 SH Sole 60,679,535 ALLMERICA FINL CORP COM 019754100 7,341 194,219 SH Sole 194,219 ALTRIA GROUP INC COM 02209S103 540,762 7,169,055 SH Sole 7,169,055 AMERICAN AXLE & MFG HLDGS IN COM 024061103 72,789 3,368,317 SH Sole 3,368,317 AMERICAN GREETINGS CORP CL A 026375105 21,316 850,269 SH Sole 850,269 AMERICAN INTL GROUP INC COM 026874107 61,669 953,008 SH Sole 953,008 AQUILA INC COM 03840P102 10,772 3,025,896 SH Sole 3,025,896 ARVINMERITOR INC COM 043353101 45,208 2,861,270 SH Sole 2,861,270 ASTRAZENECA PLC SPONSORED ADR 046353108 622 13,830 SH Sole 13,830 AVAYA INC COM 053499109 116,425 10,385,813 SH Sole 10,385,813 AVISTA CORP COM 05379B107 1,051 59,780 SH Sole 59,780 BCE INC COM 05534B109 5,939 241,190 SH Sole 241,190 BISYS GROUP INC COM 055472104 6,698 527,807 SH Sole 527,807 BT GROUP PLC ADR 05577E101 584,784 15,532,104 SH Sole 15,532,104 BANCO BRADESCO S A SP ADR PFD NEW 059460303 876 17,118 SH Sole 17,118 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 367,260 20,855,174 SH Sole 20,855,174 BANCO SANTANDER CENT HISPANO ADR 05964H105 222,209 17,524,342 SH Sole 17,524,342 BELDEN CDT INC COM 077454106 15,347 770,813 SH Sole 770,813 BELLSOUTH CORP COM 079860102 1,135,384 43,820,314 SH Sole 43,820,314 BORLAND SOFTWARE CORP COM 099849101 9,869 1,916,355 SH Sole 1,916,355 BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 311,334 7,657,005 SH Sole 7,657,005 BRILLIANCE CHINA AUTO HLDG L SPONSORED ADR 10949Q105 3,994 307,430 SH Sole 307,430 BRISTOL MYERS SQUIBB CO COM 110122108 855,067 40,106,327 SH Sole 40,106,327 BUHRMANN N V SPONSORED ADR 12007Q100 2,878 263,284 SH Sole 263,284 CIT GROUP INC COM 125581108 74,037 1,617,578 SH Sole 1,617,578 CNA FINL CORP COM 126117100 11,707 386,487 SH Sole 386,487 CELESTICA INC SUB VTG SHS 15101Q108 65,777 6,931,222 SH Sole 6,931,222 CELESTICA INC SUB VTG SHS 15101Q108 7,969 838,810 SH Sole 838,810 CENTRAL VT PUB SVC CORP COM 155771108 9,270 577,940 SH Sole 577,940 CHEMTURA CORP COM 163893100 346 32,059 SH Sole 32,059 CHUNGHWA TELECOM CO LTD SPONSORED ADR 17133Q205 7,042 409,440 SH Sole 409,440 CIBA SPECIALTY CHEMICALS HLD SPONSORED ADR 17162W206 1,319 45,950 SH Sole 45,950 CINCINNATI BELL INC NEW COM 171871106 60,510 15,127,424 SH Sole 15,127,424 CITIGROUP INC COM 172967101 6,476 140,072 SH Sole 140,072 COACHMEN INDS INC COM 189873102 16,002 1,361,846 SH Sole 1,361,846 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 11,016 679,554 SH Sole 679,554 COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 13,596 1,854,862 SH Sole 1,854,862 COMPANIA ANONIMA NACIONL TEL SPON ADR D 204421101 226,155 17,436,761 SH Sole 17,436,761 COMPUTER SCIENCES CORP COM 205363104 5,593 110,336 SH Sole 110,336 CONVERGYS CORP COM 212485106 91,714 5,700,063 SH Sole 5,700,063 CONVERIUM HLDG AG SPONSORED ADR 21248N107 5,621 1,151,749 SH Sole 1,151,749 COOPER TIRE & RUBR CO COM 216831107 54,694 4,060,429 SH Sole 4,060,429 CORUS GROUP PLC SPONSORED ADR 22087M101 124,791 14,595,433 SH Sole 14,595,433 DANA CORP COM 235811106 56,865 7,757,821 SH Sole 7,757,821 DEL MONTE FOODS CO COM 24522P103 39,227 3,697,185 SH Sole 3,697,185 DELPHI CORP COM 247126105 13,266 35,758,247 SH Sole 35,758,247 DELTA AIR LINES INC DEL COM 247361108 11,121 14,928,065 SH Sole 14,928,065 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 814,756 46,424,826 SH Sole 46,424,826 DILLARDS INC CL A 254067101 9,808 484,356 SH Sole 484,356 DOMTAR INC COM 257561100 53,810 12,513,903 SH Sole 12,513,903 DOMTAR INC COM 257561100 3,007 698,700 SH Sole 698,700 DYNEGY INC NEW CL A 26816Q101 45,257 10,356,363 SH Sole 10,356,363 EDP ENERGIAS DE PORTUGAL S A SPONSORED ADR 268353109 2,223 78,730 SH Sole 78,730 ESS TECHNOLOGY INC COM 269151106 3,863 1,296,186 SH Sole 1,296,186 EASTMAN KODAK CO COM 277461109 400,367 18,752,552 SH Sole 18,752,552 EL PASO CORP COM 28336L109 516,235 43,490,735 SH Sole 43,490,735 ELECTRONIC DATA SYS NEW COM 285661104 587,063 25,152,662 SH Sole 25,152,662 ELECTRONICS FOR IMAGING INC COM 286082102 322 12,896 SH Sole 12,896 EMBRATEL PARTICIPACOES S A SP ADR PFD NEW 29081N209 16,564 1,361,041 SH Sole 1,361,041 ESPEED INC CL A 296643109 263 35,300 SH Sole 35,300 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 112,531 750,206 SH Sole 750,206 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 10,937 72,890 SH Sole 72,890 FEDERAL SIGNAL CORP COM 313855108 5,489 332,278 SH Sole 332,278 FIFTH THIRD BANCORP COM 316773100 9,246 228,590 SH Sole 228,590 FORD MTR CO DEL COM PAR $0.01 345370860 927,630 114,947,946 SH Sole 114,947,946 FRANCE TELECOM SPONSORED ADR 35177Q105 364,332 14,018,149 SH Sole 14,018,149 FUJI PHOTO FILM LTD ADR 359586302 542,622 17,047,496 SH Sole 17,047,496 FURNITURE BRANDS INTL INC COM 360921100 435 24,065 SH Sole 24,065 GATEWAY INC COM 367626108 53,931 19,469,643 SH Sole 19,469,643 GENERAL MTRS CORP COM 370442105 979,012 35,835,003 SH Sole 35,835,003 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 640,511 12,223,498 SH Sole 12,223,498 GOODYEAR TIRE & RUBR CO COM 382550101 425,232 27,847,547 SH Sole 27,847,547 GRUPO FINANCIARO GALICIA S A SP ADR 10 SH B 399909100 10,734 1,403,077 SH Sole 1,403,077 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 992 13,638 SH Sole 13,638 HELLENIC TELECOM ORGANIZATN SPONSORED ADR 423325307 34,730 3,375,077 SH Sole 3,375,077 HEWLETT PACKARD CO COM 428236103 285,124 10,204,865 SH Sole 10,204,865 HITACHI LIMITED ADR 10 COM 433578507 736,569 11,976,732 SH Sole 11,976,732 HUNTSMAN CORP COM 447011107 15,368 755,565 SH Sole 755,565 IKON OFFICE SOLUTIONS INC COM 451713101 90,795 9,052,361 SH Sole 9,052,361 IMPERIAL CHEM INDS PLC ADR NEW 452704505 70,881 3,488,231 SH Sole 3,488,231 ING GROUP N V SPONSORED ADR 456837103 33,110 1,147,653 SH Sole 1,147,653 INTERNATIONAL BUSINESS MACHS COM 459200101 124,162 1,512,693 SH Sole 1,512,693 JPMORGAN & CHASE & CO COM 46625H100 502,597 13,773,560 SH Sole 13,773,560 KMG AMER CORP COM 482563103 7,533 860,908 SH Sole 860,908 KT CORP SPONSORED ADR 48268K101 879,691 41,416,723 SH Sole 41,416,723 K2 INC COM 482732104 10,917 1,121,985 SH Sole 1,121,985 KANSAS CITY LIFE INS CO COM 484836101 6,947 136,211 SH Sole 136,211 KELLY SVCS INC CL A 488152208 20,002 704,053 SH Sole 704,053 KEMET CORP COM 488360108 55,018 8,090,839 SH Sole 8,090,839 KIMBALL INTL INC CL B 494274103 9,553 860,594 SH Sole 860,594 KINGSWAY FINL SVCS INC COM 496904103 10,141 622,885 SH Sole 622,885 KINGSWAY FINL SVCS INC COM 496904103 8,739 537,620 SH Sole 537,620 KONINKLIJKE AHOLD N V SPON ADR NEW 500467303 471,491 68,036,205 SH Sole 68,036,205 KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 273 10,460 SH Sole 10,460 KOOKMIN BK NEW SPONSORED ADR 50049M109 5,480 95,239 SH Sole 95,239 KOREA ELECTRIC PWR SPONSORED ADR 500631106 630,919 38,400,444 SH Sole 38,400,444 KRAFT FOODS INC CL A 50075N104 1,018 35,951 SH Sole 35,951 KROGER CO COM 501044101 1,106,433 55,655,579 SH Sole 55,655,579 KYOCERA CORP ADR 501556203 42,489 653,683 SH Sole 653,683 LA Z BOY INC COM 505336107 10,018 843,235 SH Sole 843,235 LABRANCHE & CO INC COM 505447102 14,695 1,508,750 SH Sole 1,508,750 LEAR CORP COM 521865105 65,992 2,154,491 SH Sole 2,154,491 LOEWS CORP COM 540424108 396,829 4,320,403 SH Sole 4,320,403 LUCENT TECHNOLOGIES INC COM 549463107 516,071 183,655,152 SH Sole 183,655,152 MAGNA INTL INC CL A 559222401 9,303 134,734 SH Sole 134,734 MAGYAR TELEKOM LTD SPONSORED ADR 559776109 45,669 1,925,347 SH Sole 1,925,347 MAHANAGAR TEL NIGAM LTD SPONS ADR 2001 559778402 4,229 739,267 SH Sole 739,267 MARCONI CORP PLC NEW SPONSORED ADR 56630M101 614 45,900 SH Sole 45,900 MARSH & MCLENNAN COS INC COM 571748102 9,942 340,594 SH Sole 340,594 MATSUSHITA ELEC INDL ADR 576879209 433,694 23,621,701 SH Sole 23,621,701 MATTEL INC COM 577081102 16,895 1,150,870 SH Sole 1,150,870 MAYTAG CORP COM 578592107 107,965 6,258,830 SH Sole 6,258,830 MENTOR GRAPHICS CORP COM 587200106 5,452 666,459 SH Sole 666,459 MERCK & CO INC COM 589331107 1,154,203 41,265,744 SH Sole 41,265,744 MICRON TECHNOLOGY INC COM 595112103 1,033,527 80,492,735 SH Sole 80,492,735 MILLEA HOLDINGS INC ADR 60032R106 729,975 7,987,467 SH Sole 7,987,467 MITSUBISHI TOKYO FINL GROUP SPONSORED ADR 606816106 949,659 72,882,525 SH Sole 72,882,525 MOLSON COORS BREWING CO CL B 60871R209 18,084 295,004 SH Sole 295,004 MOLSON COORS BREWING CO CL B 60871R209 10,784 175,536 SH Sole 175,536 MYERS INDS INC COM 628464109 5,173 457,768 SH Sole 457,768 NEC CORP ADR 629050204 19,052 3,842,160 SH Sole 3,842,160 NACCO INDS INC CL A 629579103 2,740 24,578 SH Sole 24,578 NATIONAL R V HLDGS INC COM 637277104 3,861 821,555 SH Sole 821,555 NATIONAL WESTN LIFE INS CO CL A 638522102 7,753 39,357 SH Sole 39,357 NATIONAL WESTMINSTER BK PLC ADR REP PREF B 638539700 404 15,687 SH Sole 15,687 NATIONWIDE FINL SVCS INC CL A 638612101 76,212 1,927,948 SH Sole 1,927,948 NATUZZI S P A ADR 63905A101 36,837 4,547,827 SH Sole 4,547,827 NETBANK INC COM 640933107 472 59,715 SH Sole 59,715 NEWELL RUBBERMAID INC COM 651229106 5,492 238,770 SH Sole 238,770 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 864,746 36,272,904 SH Sole 36,272,904 NOMURA HLDGS INC SPONSORED ADR 65535H208 107,868 7,036,382 SH Sole 7,036,382 NORTEL NETWORKS CORP NEW COM 656568102 739,886 226,264,891 SH Sole 226,264,891 NORTEL NETWORKS CORP NEW COM 656568102 8,070 2,464,280 SH Sole 2,464,280 OCA INC COM 67083Q101 2,964 2,622,984 SH Sole 2,622,984 OCTEL CORP COM 675727101 4,881 325,421 SH Sole 325,421 PMA CAP CORP CL A 693419202 9,721 1,087,310 SH Sole 1,087,310 POSCO SPONSORED ADR 693483109 8,136 159,520 SH Sole 159,520 PARTNER COMMUNICATIONS CO LT ADR 70211M109 2,824 340,655 SH Sole 340,655 PFIZER INC COM 717081103 737,234 33,864,682 SH Sole 33,864,682 PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 18,265 603,198 SH Sole 603,198 PHOENIX COS INC NEW COM 71902E109 68,582 5,287,752 SH Sole 5,287,752 POLYONE CORP COM 73179P106 11,683 2,053,210 SH Sole 2,053,210 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 373,789 41,532,101 SH Sole 41,532,101 QUEBECOR WORLD INC COM NON-VTG 748203106 33,069 2,216,441 SH Sole 2,216,441 QUEBECOR WORLD INC COM NON-VTG 748203106 8,648 580,640 SH Sole 580,640 QUILMES INDL QUINSA SOCIETE SP ADR CL B 74838Y207 5,112 166,476 SH Sole 166,476 QUINENCO S A SPONSORED ADR 748718103 996 78,150 SH Sole 78,150 RSA SEC INC COM 749719100 372 33,200 SH Sole 33,200 RENT A CTR INC NEW COM 76009N100 5,344 297,200 SH Sole 297,200 ROYAL GROUP TECHNOLOGIES LTD COM 779915107 55,633 6,106,817 SH Sole 6,106,817 ROYAL GROUP TECHNOLOGIES LTD COM 779915107 17,681 1,928,382 SH Sole 1,928,382 ROYAL & SUN ALLIANCE INS SPON ADR NEW 78004V202 134,696 15,607,878 SH Sole 15,607,878 RUSSELL CORP COM 782352108 7,070 524,450 SH Sole 524,450 SBC COMMUNICATIONS INC COM 78387G103 792,970 33,262,151 SH Sole 33,262,151 SK TELECOM LTD SPONSORED ADR 78440P108 169,543 8,451,811 SH Sole 8,451,811 SPSS INC COM 78462K102 12,475 537,702 SH Sole 537,702 SADIA S A SP ADR PFD 30 786326108 2,891 120,450 SH Sole 120,450 SAFEWAY INC COM NEW 786514208 1,455,443 62,653,584 SH Sole 62,653,584 SANMINA SCI CORP COM 800907107 43,249 12,013,594 SH Sole 12,013,594 SANOFI AVENTIS SPONSORED ADR 80105N105 243,566 6,098,300 SH Sole 6,098,300 SCHERING A G SPONSORED ADR 806585204 101,043 1,643,517 SH Sole 1,643,517 SCHERING PLOUGH CORP COM 806605101 961,569 46,610,226 SH Sole 46,610,226 SENSIENT TECHNOLOGIES CORP COM 81725T100 30,922 1,772,053 SH Sole 1,772,053 SERVICE CORP INTL COM 817565104 20,789 2,566,575 SH Sole 2,566,575 SHARPER IMAGE CORP COM 820013100 4,071 405,468 SH Sole 405,468 SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 4,139 61,780 SH Sole 61,780 SIERRA WIRELESS INC COM 826516106 9,905 856,870 SH Sole 856,870 SOLECTRON CORP COM 834182107 110,005 31,430,066 SH Sole 31,430,066 SONY CORP ADR NEW 835699307 439,804 13,499,205 SH Sole 13,499,205 SPARTECH CORP COM NEW 847220209 11,540 605,150 SH Sole 605,150 STARRETT L S CO CL A 855668109 7,953 433,669 SH Sole 433,669 STMICROELECTRONICS N V NY REGISTRY 861012102 436,072 26,589,767 SH Sole 26,589,767 STONERIDGE INC COM 86183P102 794 120,155 SH Sole 120,155 SUN MICROSYSTEMS INC COM 866810104 406,156 104,410,246 SH Sole 104,410,246 SUPERIOR INDS INTL INC COM 868168105 23,284 1,124,852 SH Sole 1,124,852 SWISSCOM AG SPONSORED ADR 871013108 246,905 7,576,084 SH Sole 7,576,084 SYNOPSYS INC COM 871607107 90,151 4,818,349 SH Sole 4,818,349 TDK CORP AMERN DEP SH 872351408 48,170 713,623 SH Sole 713,623 TECUMSEH PRODS CO CL B 878895101 14,249 721,455 SH Sole 721,455 TECUMSEH PRODS CO CL A 878895200 7,019 347,155 SH Sole 347,155 TELE CENTRO OESTE CELULAR S SPON ADR PFD 87923P105 42,732 4,779,862 SH Sole 4,779,862 TELE NORTE LESTE PART S A SPON ADR PFD 879246106 396,035 22,695,420 SH Sole 22,695,420 TELECOM ARGENTINA S A SPON ADR REP B 879273209 175,781 13,256,477 SH Sole 13,256,477 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 223,054 6,771,518 SH Sole 6,771,518 TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 423,482 14,781,229 SH Sole 14,781,229 TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 428,154 12,974,359 SH Sole 12,974,359 TELEFONICA S A SPONSORED ADR 879382208 795,360 16,688,216 SH Sole 16,688,216 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 1,078,348 53,595,808 SH Sole 53,595,808 TELELESTE CELULAR PART S A SPON ADR PFD 87943B102 940 156,600 SH Sole 156,600 TELEKOM AUSTRIA AG SPONSORED ADR 87943Q109 123,299 2,960,362 SH Sole 2,960,362 TELEMIG CELULAR PART S A SPON ADR PFD 87944E105 1,225 37,543 SH Sole 37,543 TELESP CELULAR PART S A SPON ADR PFD 87952L108 32,226 8,853,427 SH Sole 8,853,427 TENET HEALTHCARE CORP COM 88033G100 522,595 63,421,752 SH Sole 63,421,752 3COM CORP COM 885535104 134,892 35,685,824 SH Sole 35,685,824 TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 76,754 3,837,680 SH Sole 3,837,680 U S XPRESS ENTERPRISES INC CL A 90338N103 9,156 749,243 SH Sole 749,243 UNIBANCO-UNIAO DE BANCOS BRA GDR REP PFD UT 90458E107 16,208 312,291 SH Sole 312,291 UNILEVER PLC SPON ADR NEW 904767704 71,279 1,757,370 SH Sole 1,757,370 UNILEVER N V NY SHS NEW 904784709 1,027,594 14,652,700 SH Sole 14,652,700 UNISYS CORP COM 909214108 291,303 57,683,684 SH Sole 57,683,684 UNITED MICROELECTRONICS CORP SPONSORED ADR 910873207 9,775 3,313,728 SH Sole 3,313,728 UNUMPROVIDENT CORP COM 91529Y106 79,481 3,974,037 SH Sole 3,974,037 UTSTARCOM INC COM 918076100 77,499 13,716,601 SH Sole 13,716,601 VAN DER MOOLEN HLDG N.V. SPONSORED ADR 921020103 320 60,001 SH Sole 60,001 VERIZON COMMUNICATIONS COM 92343V104 570,130 18,128,141 SH Sole 18,128,141 VISTEON CORP COM 92839U107 121,231 14,623,758 SH Sole 14,623,758 W HLDG CO INC COM 929251106 7,308 964,110 SH Sole 964,110 WASTE MGMT INC DEL COM 94106L109 46,155 1,550,384 SH Sole 1,550,384 WESCAST INDS INC CL A SUB VTG 950813105 20,477 1,106,874 SH Sole 1,106,874 WYETH COM 983024100 53,157 1,189,725 SH Sole 1,189,725 XEROX CORP COM 984121103 743,869 55,804,146 SH Sole 55,804,146 DAIMLERCHRYSLER AG ORD D1668R123 665,997 13,403,037 SH Sole 13,403,037 DAIMLERCHRYSLER AG ORD D1668R123 1,202,097 24,186,528 SH Sole 24,186,528 IPC HLDGS LTD ORD G4933P101 1,295 51,270 SH Sole 51,270 PXRE GROUP LTD COM G73018106 10,670 1,000,040 SH Sole 1,000,040 QUANTA CAPITAL HLDGS LTD SHS G7313F106 11,023 2,510,987 SH Sole 2,510,987 HILFIGER TOMMY CORP ORD G8915Z102 39,148 2,558,714 SH Sole 2,558,714 BANCO LATINOAMERICANO DE EXP CL E P16994132 22,099 1,296,889 SH Sole 1,296,889