13F-HR 1 v122354_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, 2008 ------------- 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 8/8/08 --------------------------------- ------------------------ ------------- [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: 208 ------------------------------ Form 13F Information Table Value Total: $ 34,804,337 ------------------------------ (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 ----------------------------------------------------------------------------------------------------------------------------------- AT&T INC COM 00206R102 388252 11524259 SH Sole 11524259 ADAPTEC INC COM 00651F108 7939 2481028 SH Sole 2481028 AFP PROVIDA SPONSORED ADR 00709P108 711 27840 SH Sole 27840 AEGON NV ORD AMER REG 007924103 421969 32186814 SH Sole 32186814 ALCATEL-LUCENT SPONSORED ADR 013904305 592873 98157862 SH Sole 98157862 AMERICAN AXLE & MFG HLDGS IN COM 024061103 6442 806225 SH Sole 806225 AMERICAN EXPRESS CO COM 025816109 849 22549 SH Sole 22549 AMERICAN GREETINGS CORP CL A 026375105 3321 269128 SH Sole 269128 AMERICAN INTERNATIONAL GROUP COM 026874107 456063 17235965 SH Sole 17235965 AMGEN INC COM 031162100 784045 16625206 SH Sole 16625206 ARVINMERITOR INC COM 043353101 17362 1391219 SH Sole 1391219 ASTRAZENECA PLC SPONSORED ADR 046353108 620413 14587649 SH Sole 14587649 AVIS BUDGET GROUP, INC. COM 053774105 2594 309963 SH Sole 309963 BB&T CORPORATION COM 054937107 9785 429748 SH Sole 429748 BANK OF AMERICA CORPORATION COM 060505104 64576 2705315 SH Sole 2705315 BANK MONTREAL QUE COM 063671101 616 14800 SH Sole 14800 BANKATLANTIC BANCORP CL A 065908501 1026 583095 SH Sole 583095 BARCLAYS PLC ADR 06738E204 133299 5758068 SH Sole 5758068 BEARINGPOINT INC COM 074002106 1995 2463467 SH Sole 2463467 BEAZER HOMES USA INC COM 07556Q105 2254 404615 SH Sole 404615 BIOVAIL CORP COM 09067J109 30131 3122398 SH Sole 3122398 BIOVAIL CORP COM 09067J109 2839 291890 SH Sole 291890 BLOCK H & R INC COM 093671105 35503 1659040 SH Sole 1659040 BORLAND SOFTWARE CORP COM 099849101 2233 1641695 SH Sole 1641695 BOSTON SCIENTIFIC CORP COM 101137107 779043 63388461 SH Sole 63388461 BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 340937 4646813 SH Sole 4646813 BRASKEM SA SP ADR PFD A 105532105 20332 1281145 SH Sole 1281145 BRIGGS & STRATTON CORP COM 109043109 15899 1253850 SH Sole 1253850 BRISTOL MYERS SQUIBB CO COM 110122108 547980 26691718 SH Sole 26691718 BRITISH SKY BROADCASTING GRO SPONSORED ADR 111013108 123861 3312686 SH Sole 3312686 BRUNSWICK CORP COM 117043109 17607 1661001 SH Sole 1661001 CIT GROUP INC COM 125581108 210219 30869228 SH Sole 30869228 CELESTICA INC SUB VTG SHS 15101Q108 1717 204340 SH Sole 204340 CENTEX CORP COM 152312104 11378 850997 SH Sole 850997 CHEMTURA CORP COM 163893100 38308 6559591 SH Sole 6559591 CHESAPEAKE CORP COM 165159104 562 239125 SH Sole 239125 CINCINNATI BELL INC NEW COM 171871106 6002 1508020 SH Sole 1508020 CIRCUIT CITY STORE INC COM 172737108 12112 4190840 SH Sole 4190840 CITIGROUP INC COM 172967101 726886 43370352 SH Sole 43370352 COACHMEN INDS INC COM 189873102 1312 618680 SH Sole 618680 COLE KENNETH PRODTNS INC CL A 193294105 6939 546345 SH Sole 546345 COLONIAL BANCGROUP INC COM 195493309 384 86805 SH Sole 86805 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 3057 59756 SH Sole 59756 CONSECO INC COM NEW 208464883 94073 9483163 SH Sole 9483163 COOPER TIRE & RUBBER COMPANY COM 216831107 4400 561190 SH Sole 561190 COTT CORP QUE COM 22163N106 19441 6211089 SH Sole 6211089 COUNTRYWIDE FINANCIAL CORP COM 222372104 218686 51455539 SH Sole 51455539 CYMER INC. COM 232572107 2236 83200 SH Sole 83200 D R HORTON INC COM 23331A109 16090 1482969 SH Sole 1482969 DELL INC COM 24702R101 776588 35493085 SH Sole 35493085 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 838202 51203553 SH Sole 51203553 DILLARDS INC CL A 254067101 19578 1692097 SH Sole 1692097 DOW CHEM CO COM 260543103 531744 15231861 SH Sole 15231861 DOWNEY FINL CORP COM 261018105 379 136835 SH Sole 136835 EASTMAN KODAK CO COM 277461109 410882 28474134 SH Sole 28474134 ERICSSON L M TEL CO ADR B SEK 10 294821608 376327 36185247 SH Sole 36185247 FAIRPOINTCOMMUNICATIONS INC COM 305560104 1904 264113 SH Sole 264113 FEDERAL HOME LN MTG CORP COM 313400301 424148 25862685 SH Sole 25862685 FEDERAL NATL MTG ASSN COM 313586109 451574 23145770 SH Sole 23145770 FEDERAL SIGNAL CORP COM 313855108 672 55990 SH Sole 55990 FIDELITY NATIONAL FINANCIAL CL A 31620R105 2807 222740 SH Sole 222740 FIFTH THIRD BANCORP COM 316773100 253809 24932161 SH Sole 24932161 FINISAR COM 31787A101 2256 1896180 SH Sole 1896180 FIRST BANCORP P R COM 318672102 9439 1488725 SH Sole 1488725 FORD MTR CO DEL COM PAR $0.01 345370860 571725 118861882 SH Sole 118861882 FRANCE TELECOM SPONSORED ADR 35177Q105 462995 15625874 SH Sole 15625874 FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 6650 4433404 SH Sole 4433404 FUJIFILM HLDGS CORP ADR 2 ORD 35958N107 169300 4940184 SH Sole 4940184 GANNETT INC COM 364730101 547961 25286634 SH Sole 25286634 GENERAL MTRS CORP COM 370442105 444329 38637347 SH Sole 38637347 GEORGIA GULF CORP COM PAR $0.01 373200203 4407 1519559 SH Sole 1519559 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 661202 14952557 SH Sole 14952557 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 4551 192668 SH Sole 192668 HSBC HLDGS PLC SPON ADR NEW 404280406 319832 4169904 SH Sole 4169904 HEALTH MANAGEMENT ASSC. INC CL A CL A 421933102 2779 426812 SH Sole 426812 HITACHI LIMITED ADR 10 COM 433578507 434178 6057167 SH Sole 6057167 HOME DEPOT INC COM 437076102 737615 31495077 SH Sole 31495077 HONDA MOTOR LTD AMERN SHS 438128308 1820 53470 SH Sole 53470 HOVNANIAN ENTERPRISES INC CL A 442487203 1480 269995 SH Sole 269995 HUNTINGTON BANCSHARES INC COM 446150104 3383 586355 SH Sole 586355 IDEARC INC COM 451663108 8278 3522428 SH Sole 3522428 INFINEON TECHNOLOGIES AG SPONSORED ADR 45662N103 125358 14696187 SH Sole 14696187 INTEL CORP COM 458140100 410665 19118482 SH Sole 19118482 INTERTAPE POLYMER GROUP INC COM 460919103 8338 2542223 SH Sole 2542223 INTERTAPE POLYMER GROUP INC COM 460919103 9963 3036126 SH Sole 3036126 KT CORP SPONSORED ADR 48268K101 749707 35164474 SH Sole 35164474 KB HOME COM 48666K109 5609 331296 SH Sole 331296 KELLY SVCS INC CL A 488152208 2469 127752 SH Sole 127752 KEMET CORP COM 488360108 9739 3005976 SH Sole 3005976 KEYCORP NEW COM 493267108 110981 10107570 SH Sole 10107570 KING PHARMACEUTICALS INC COM 495582108 2181 208265 SH Sole 208265 KINGSWAY FINL SVCS INC COM 496904103 14706 1692320 SH Sole 1692320 KINGSWAY FINL SVCS INC COM 496904103 2998 347070 SH Sole 347070 KOREA ELECTRIC PWR SPONSORED ADR 500631106 384417 26456776 SH Sole 26456776 LSI CORPORATION COM 502161102 21007 3421347 SH Sole 3421347 LA Z BOY INC COM 505336107 5527 722446 SH Sole 722446 LANDAMERICA FINL GROUP INC COM 514936103 2749 123880 SH Sole 123880 LEAR CORP COM 521865105 21889 1543622 SH Sole 1543622 LENNAR CORP CL A 526057104 11958 969077 SH Sole 969077 MI DEVS INC CL A SUB VTG 55304X104 427 19000 SH Sole 19000 MAGNA INTL INC CL A 559222401 76966 1299218 SH Sole 1299218 MAGNA INTL INC CL A 559222401 1617 27200 SH Sole 27200 MAGYAR TELEKOM TELECOMMUNS P SPONSORED ADR 559776109 26513 1097412 SH Sole 1097412 MARSH & MCLENNAN COS INC COM 571748102 478070 18006399 SH Sole 18006399 MASCO CORP COM 574599106 210781 13399921 SH Sole 13399921 MCCLATCHY CO CL A 579489105 40477 5970113 SH Sole 5970113 MERITAGE HOMES CORP COM 59001A102 3426 225860 SH Sole 225860 MICROSOFT CORP COM 594918104 532583 19359653 SH Sole 19359653 MICRON TECHNOLOGY INC COM 595112103 453981 75663430 SH Sole 75663430 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 633668 72007734 SH Sole 72007734 MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 492042 53078987 SH Sole 53078987 MOTOROLA INC COM 620076109 453526 61788346 SH Sole 61788346 MYLAN INC COM 628530107 271 22465 SH Sole 22465 NACCO INDUSTRIES, INC. 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