Sparinvest SICAV Annual Report 2009 R.C.S. Luxembourg B 83.976

Sparinvest SICAV
SPARINVEST - PROCEDO
Statement of Investments as at December 31, 2009
(expressed in EUR)
Description
Transferable securities admitted to an official stock exchange listing
Shares
100
Quantity /
Face value
Currency
Cost Market Value % net assets
AUD
ANZ BANKING GROUP 7,330.71 AUD 118,292.62 104,739.46 0.08
BHP BILLITON LTD 16,178.12 AUD 376,396.26 435,627.27 0.33
CWTHBK OF AUSTRALIA 3,960.27 AUD 134,561.79 135,646.81 0.10
MACQUARIE GROUP LTD 2,864.88 AUD 127,771.75 86,588.33 0.06
MIRVAC GROUP 123,501.44 AUD 78,919.31 121,082.07 0.09
NATIONAL AUSTRALIA BANK LTD 5,392.71 AUD 126,202.57 92,271.09 0.07
OZ MINERALS LTD 168,522.12 AUD 124,826.98 124,178.69 0.09
SUNCORP METWAY LTD 11,021.35 AUD 105,365.09 59,808.46 0.04
WESFARMERS LTD 8,907.24 AUD 172,963.77 173,931.82 0.13
WESTPAC BANKING CORP 19,380.04 AUD 296,175.88 306,184.67 0.23
WOODSIDE PETROLEUM LTD 2,106.53 AUD 59,245.40 62,089.35 0.05
1,720,721.42 1,702,148.02 1.27
CHF
ADECCO/ACT. NOM 7,583.50 CHF 223,694.69 291,394.16 0.22
ASCOM HOLDING AG/NAM 3,370.44 CHF 27,435.20 22,133.36 0.02
CHARLES VOEGELE HOLDING AG 1,011.13 CHF 27,575.02 25,197.98 0.02
CIE FINANCIERE RICHEMONT SA 10,111.33 CHF 231,832.07 236,520.46 0.18
CIE SUISSE DE REASSURANCE/NOM 12,439.46 CHF 520,960.58 418,162.30 0.31
CREDIT SUISSE GROUP/NOM 13,481.77 CHF 431,146.48 464,914.00 0.35
DUFRY AG BASEL 1,263.92 CHF 60,139.98 59,674.94 0.04
KUDELSKI SA 5,476.97 CHF 42,729.43 86,098.76 0.06
LINDT & SPRUENGLI/PARTIZ 50.56 CHF 74,243.22 75,593.93 0.06
MOBIMO HOLDING AG 421.31 CHF 46,807.63 49,970.31 0.04
NESTLE SA 2,527.83 CHF 80,628.46 85,468.81 0.06
ORASCOM DEVELOPMENT HOLDING AG 1,095.39 CHF 60,567.15 53,820.94 0.04
PARGESA HOLDING SA 1,263.92 CHF 86,761.33 77,126.24 0.06
PSP SWISS PROPERTY/NAM 679.14 CHF 25,733.36 26,759.23 0.02
SCHMOLZ + BICKENBACH/NAM 2,106.53 CHF 35,169.39 34,760.72 0.03
SIKA SA. BAAR 75.83 CHF 73,994.43 82,489.32 0.06
SWISS LIFE HOLDING/NAM 9,268.72 CHF 797,985.33 824,041.90 0.60
SWISS PRIME SITE AG/NOM 2,527.83 CHF 97,247.71 98,748.82 0.07
SYNGENTA AG/NAM 2,106.53 CHF 362,507.70 412,446.59 0.31
THE SWATCH GROUP AG 2,275.05 CHF 363,157.68 401,311.81 0.30
THE SWATCH GROUP AG/NAM 4,213.05 CHF 138,464.58 140,177.93 0.10
3,808,781.42 3,966,812.51 2.95
DKK
A.P. MOELLER - MAERSK A/S A 42.13 DKK 201,460.53 199,827.98 0.14
GN GREAT NORDIC LTD 12,639.16 DKK 36,470.73 47,211.48 0.04
TK DEVELOPMENT 6,740.88 DKK 23,079.64 24,002.00 0.02
261,010.90 271,041.46 0.20
EUR
AAREAL BANK AG 8,439.59 EUR 133,513.24 111,908.93 0.08
The accompanying notes form an integral part of these financial statements.