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
PHP
METROPOLITAN BANK & TRUST 214,360.14 PHP 182,558.98 144,342.39 0.11
182,558.98
144,342.39 0.11
SEK
ALFA LAVAL AB 33,704.42 SEK 292,167.05 325,782.09 0.24
ASSA ABLOY AB/B 31,176.59 SEK 249,709.65 419,452.66 0.31
BE GROUP AB 21,065.27 SEK 77,198.99 89,672.34 0.07
BOLIDEN AB 9,268.72 SEK 79,870.88 83,345.92 0.06
EAST CAPITAL EXPLORER AB 3,370.44 SEK 22,246.04 22,047.88 0.02
ELECTROLUX AB B 21,065.27 SEK 203,256.86 344,498.10 0.26
ERICSSON TEL. B 53,927.08 SEK 360,323.46 346,974.38 0.26
FABEGE AB 29,659.89 SEK 140,029.39 130,892.01 0.10
GETINGE AB B 15,166.99 SEK 204,865.37 201,836.81 0.15
GUNNEBO AB 10,111.33 SEK 28,166.66 26,951.06 0.02
HALDEX AB 6,740.88 SEK 29,327.10 29,287.48 0.02
HENNES & MAURITZ AB 8.43 SEK 363.94
326.93 -
INDUSTRIAL + FINANCIAL SYST-B 2,949.14 SEK 18,698.13 19,579.84 0.01
INVESTOR AB B 9,100.19 SEK 120,211.35 118,081.20 0.09
J.M.AB 6,740.88 SEK 63,053.66 80,951.91 0.06
KINNEVIK INVESTMENTS AB B 7,246.45 SEK 68,248.75 75,703.20 0.06
LUNDIN PETROLEUM AB 21,065.27 SEK 143,975.74 116,409.51 0.09
MODERN TIMES GROUP AB B 2,275.05 SEK 67,913.37 79,053.99 0.06
NISCAYAH AB/B 52,241.86 SEK 52,911.21 75,744.33 0.06
Q-MED AB 12,639.16 SEK 54,210.72 59,479.91 0.04
SANDVIK AB 10,111.33 SEK 85,208.34 85,295.68 0.06
SCANIA AB B 15,166.99 SEK 131,863.59 136,680.40 0.10
SECURITAS AB B 16,852.21 SEK 107,855.89 115,257.76 0.09
SKANDINAV.ENSK.BANKEN A 50,556.64 SEK 214,346.85 218,866.33 0.16
SKF AB B 32,019.20 SEK 341,451.46 386,397.30 0.29
SSAB SWEDISH STEEL B 25,278.32 SEK 117,590.93 275,187.14 0.20
SVENSKA CELLUL. B 58,982.74 SEK 584,818.00 549,675.01 0.41
SWEDBANK AB -A- 33,704.42 SEK 235,715.07 233,641.70 0.17
SWEDISH MATCH AB 3,370.44 SEK 45,685.59 51,631.52 0.04
VOSTOK GAS LTD/SWED. DEP. REC 1,643.09 SEK 2,848.45
35.30 -
VOSTOK NAFTA INV/SDR 8,426.11 SEK 22,748.39 25,832.22 0.02
WALLENSTAM AB 7,920.54 SEK 83,856.09 99,565.09 0.07
4,250,736.97
4,824,137.00 3.59
SGD
CITY DEVELOPMENTS LTD 21,065.27 SGD 91,762.12 120,831.90 0.09
DBS GROUP HOLDINGS LTD 22,750.49 SGD 197,840.50 173,847.43 0.13
GOLDEN AGRI-RESOURCES LTD 674,088.49 SGD 154,828.76 170,586.22 0.13
KEPPEL CORP LTD 12,639.16 SGD 74,389.73 51,614.87 0.04
UOL GROUP LTD 33,704.42 SGD 67,921.19 68,067.25 0.05
UTD OVERSEAS BK/LOCAL 14,324.38 SGD 126,462.55 140,022.86 0.10
713,204.85
The accompanying notes form an integral part of these financial statements.
Cost Market Value % net assets
724,970.53 0.54
111