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

Sparinvest SICAV
SPARINVEST - PROCEDO
Statement of Investments (continued) as at December 31, 2009
(expressed in EUR)
Description
Quantity /
Face value
Currency
Cost Market Value % net assets
NYRSTAR NV 8,426.11 EUR 69,303.40 70,273.72 0.05
OUTOKUMPU OYJ A 8,426.11 EUR 119,265.85 111,730.17 0.08
PARROT SA 2,527.83 EUR 25,540.67 26,036.67 0.02
PATRIZIA IMMOBILIEN AG/REG 8,426.11 EUR 21,917.82 25,783.88 0.02
PEUGEOT SA 11,056.74 EUR 555,435.89 261,657.67 0.19
PIAGGIO AND C SPA 8,947.68 EUR 11,449.37 17,895.36 0.01
PIRELLI & CIE SPA 224,114.20 EUR 183,435.41 94,127.96 0.07
PRAKTIKER BAU & HEIMWERKERM. HLD 10,953.94 EUR 69,322.28 84,893.02 0.06
PUBLIC POWER CORP/REG 21,065.27 EUR 296,168.43 273,848.45 0.20
PUBLICIS GROUPE SA 10,953.94 EUR 221,006.43 312,187.23 0.23
RALLYE SA 4,743.90 EUR 159,178.29 116,225.49 0.09
RAMIRENT OYJ 4,213.05 EUR 31,890.73 28,817.28 0.02
RHJ INTERNATIONAL SA 5,139.92 EUR 15,728.52 27,447.20 0.02
RYANAIR HOLDINGS PLC 25,278.32 EUR 86,082.35 83,342.62 0.06
SACYR VALLEHERMOSO SA 12,639.16 EUR 116,856.10 101,113.27 0.08
SAFILO GROUP SPA 113,752.43 EUR 62,624.62 65,976.41 0.05
SAFT GROUPE SA 1,242.85 EUR 29,718.10 41,958.64 0.03
SALZGITTER AG 2,527.83 EUR 137,013.19 173,004.81 0.13
SCOR SE 25,278.32 EUR 403,795.62 442,370.57 0.33
SEDA BARCELONA 21,868.27 EUR 43,955.23 7,435.21 0.01
SELOGER. COM 1,011.13 EUR 24,854.38 22,770.71 0.02
SIXT/VORZ -O.STIMMR./EM97 7,836.28 EUR 77,894.44 134,392.18 0.10
SNAI SPA MILANO 10,953.94 EUR 31,949.98 32,971.35 0.02
SNS REAAL NV 18,566.92 EUR 248,803.90 78,723.76 0.06
SOC.DE INVESTIMENTO E GESTAO 6,740.88 EUR 52,080.05 52,309.27 0.04
SOFTWARE AG 842.61 EUR 42,343.90 64,375.45 0.05
SOITEC. BERNIN 7,583.50 EUR 41,928.11 75,774.29 0.06
SONAE CAPITAL SGPS SA 46,343.58 EUR 28,495.24 38,465.17 0.03
SONAECOM SGPS SA 58,982.74 EUR 106,376.30 113,954.66 0.08
SORIN SPA 56,479.35 EUR 66,113.27 75,399.93 0.06
SPARKASSEN IMMOBOBILIEN AG 7,583.50 EUR 37,295.98 37,917.48 0.03
SPONDA OYJ HELSINKI 2,106.53 EUR 16,856.43 5,750.82 -
STE FONCIERE FIN.ET PART/NOM 1,304.36 EUR 121,584.84 58,383.21 0.04
STE GEN.PARIS A 1,295.94 EUR 128,453.09 63,436.02 0.05
STO AG/VORZUEGE 421.31 EUR 19,386.36 26,491.68 0.02
STORA ENSO AB/R 66,851.88 EUR 361,068.38 326,237.19 0.24
SUEDZUCKER AG 17,694.82 EUR 259,816.92 257,282.72 0.19
TELECOM ITALIA SPA 529,159.46 EUR 545,218.33 575,725.49 0.44
TELECOM ITALIA SPA/RISP. N-CV 631,957.96 EUR 595,649.59 488,503.50 0.37
TERNA- RETE ELETTRICA NAZIONAL 67,408.85 EUR 180,493.39 202,226.55 0.15
TOD S SPA 589.83 EUR 23,774.81 30,594.35 0.02
TOUR EIFFEL 1,678.48 EUR 110,819.61 88,439.13 0.07
UNIBAIL-RODAMCO ACT 2,828.64 EUR 367,203.47 434,762.55 0.32
UNICREDIT SPA 55,626.62 EUR 256,240.34 130,305.37 0.10
UNIONE DI BANCHE ITALIANE SCPA 25,278.32 EUR 337,682.17 253,794.31 0.19
UNIPOL GRUPPO FINANZIARIO SPA 126,391.59 EUR 207,494.24 121,272.73 0.09
UPM-KYMMENE CORP 58,982.74 EUR 443,635.32 490,736.42 0.38
VASTNED OFFICES/INDUSTRIAL 8,337.63 EUR 112,048.98 98,133.93 0.07
VASTNED RETAIL NV 2,919.65 EUR 131,840.53 133,821.97 0.10
VOLKSWAGEN AG/VORZUG 5,774.41 EUR 296,672.14 379,609.75 0.28
WACKER NEUSON SE/NAMEN 15,166.99 EUR 74,466.04 124,369.33 0.09
The accompanying notes form an integral part of these financial statements.
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