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
116
Quantity /
Face value
Currency
Cost Market Value % net assets
PLATINUM UNDERWRITERS HOLDINGS 3,771.53 USD 90,695.61 101,560.74 0.08
PMA CAPITAL CORP A 2,949.14 USD 17,634.42 12,907.54 0.01
PNC FINANCIAL SERVICES GP 2,830.33 USD 171,621.22 104,279.95 0.08
PNM RESOURCES INC 9,268.72 USD 60,613.78 81,778.06 0.06
POLO RALPH LAUREN A 4,213.05 USD 164,358.77 240,151.20 0.18
PORTFOLIO RECOVERY ASSOCIATES 1,600.96 USD 41,133.38 51,532.83 0.04
POSCO/SADR 4,297.31 USD 420,461.59 395,897.70 0.29
POWELL INDUSTR. INC 1,095.39 USD 29,779.67 24,237.91 0.02
PRIDE INTERNATIONAL INC 5,055.66 USD 111,452.35 112,993.02 0.08
PROGRESS ENERGY INC 11,796.55 USD 301,454.06 339,823.33 0.25
PROVIDENT FINANCIAL SERVICES 8,426.11 USD 66,950.18 63,555.64 0.05
PT TELEKOM.INDONESIA/SPADR 4,465.84 USD 127,817.98 124,421.31 0.09
QUALCOMM INC 3,960.27 USD 130,624.18 127,971.98 0.10
QUEST DIAGNOSTICS INC 1,516.70 USD 58,212.04 64,513.66 0.05
RAIT INVESTMENT TRUST - SBI 3,370.44 USD 17,351.86 3,025.34 -
REGAL BELOIT CORP 1,685.22 USD 39,847.49 62,617.55 0.05
REGIONS FINANCIAL CORP 37,917.48 USD 234,175.69 138,514.95 0.10
ROCK TENN A 1,432.44 USD 47,736.49 51,400.92 0.04
ROWAN COMPANIES INC 16,852.21 USD 167,276.39 269,935.58 0.20
ROYAL CARIBBEAN CRUISES LTD 4,213.05 USD 78,799.28 74,138.48 0.06
SAFETY INS GROUP INC 1,263.92 USD 27,862.07 32,232.21 0.02
SEABRIGHT INSURANCE HOLDINGS 7,604.56 USD 72,880.66 61,856.67 0.05
SEACOR HOLDINGS INC 1,591.69 USD 87,404.20 84,017.47 0.06
SEARS HOLDINGS CORP 2,527.83 USD 114,298.26 148,734.27 0.11
SHAW GROUP INC 1,685.22 USD 28,852.56 34,287.22 0.03
SHINHAN FIN.GROUP/ADR 1,516.70 USD 107,830.30 79,130.30 0.06
SIGMA A LDRICH CORP 1,769.48 USD 66,471.37 62,891.94 0.05
SILICON LABORATORIES INC 1,516.70 USD 32,205.32 51,448.40 0.04
SILICON STORAGE TECHN. INC 9,018.46 USD 17,307.91 16,315.62 0.01
SIMS METAL MANAGEMENT LTD/SADR 3,012.33 USD 45,360.60 41,858.05 0.03
SKYWEST INC 5,237.67 USD 57,626.16 62,903.76 0.05
SL GREEN REALTY CORPORATION 842.61 USD 23,881.99 30,341.37 0.02
SPHERION CORP 5,055.66 USD 17,255.87 20,368.29 0.02
SPRINT NEXTEL CORP/FON SER.1 16,852.21 USD 169,683.71 43,503.95 0.03
STEINER LEISURE LTD 1,853.74 USD 37,347.21 52,085.14 0.04
STEVEN MADDEN LTD 758.35 USD 21,866.72 21,951.32 0.02
STEWART INFORMATION SERV. CORP 6,235.32 USD 50,747.66 48,983.58 0.04
STIFEL FINANCIAL CORP 758.35 USD 23,303.80 31,333.40 0.02
STUDENT LOAN CORP 674.09 USD 22,391.76 21,974.77 0.02
SUNTRUST BANKS INC 13,239.10 USD 347,814.20 186,267.65 0.14
SUPERIOR INDUSTRIES INTL 6,697.91 USD 84,551.07 73,170.66 0.05
SUSQUEHANNA BANCSHARES INC 4,213.05 USD 41,368.75 17,735.77 0.01
SYNOPSYS INC. 3,623.23 USD 55,650.27 56,573.90 0.04
SYNOVUS FINANCIAL CORP 16,852.21 USD 87,149.35 24,038.58 0.02
TAIWAN SEMICONDUCT.MANUF/SADR 20,447.63 USD 122,711.94 161,913.54 0.12
TARGET CORP 3,370.44 USD 92,737.12 114,681.58 0.09
TECH DATA CORP 4,297.31 USD 93,956.05 142,361.71 0.11
TECUMSEH PRODUCTS CO A 5,055.66 USD 84,852.39 43,339.79 0.03
TELEPHONE & DATA SYSTEMS 2,527.83 USD 51,475.00 60,647.56 0.05
TERRA INDUSTRIES INC 1,263.92 USD 33,178.27 28,582.45 0.02
TEXAS INSTRUMENTS INC 5,729.75 USD 88,284.22 103,818.49 0.08
The accompanying notes form an integral part of these financial statements.