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

Sparinvest SICAV
SPARINVEST - SECURUS
Statement of Investments (continued) as at December 31, 2009
(expressed in EUR)
Description
134
Quantity /
Face value
Currency
Cost Market Value % net assets
NYRSTAR NV 1,455.04 EUR 11,967.45 12,135.01 0.02
OUTOKUMPU OYJ A 1,455.04 EUR 20,595.07 19,293.79 0.04
PARROT SA 436.51 EUR 4,410.42 4,496.07 0.01
PATRIZIA IMMOBILIEN AG/REG 1,455.04 EUR 3,784.81 4,452.41 0.01
PEUGEOT SA 1,909.30 EUR 95,913.80 45,183.58 0.08
PIAGGIO AND C SPA 1,545.10 EUR 1,977.10 3,090.21 0.01
PIRELLI & CIE SPA 38,700.50 EUR 31,676.00 16,254.21 0.03
PRAKTIKER BAU & HEIMWERKERM. HLD 1,891.55 EUR 11,970.71 14,659.50 0.03
PUBLIC POWER CORP/REG 3,637.59 EUR 51,142.97 47,288.71 0.09
PUBLICIS GROUPE SA 1,891.55 EUR 38,163.84 53,909.13 0.10
RALLYE SA 819.19 EUR 27,487.23 20,070.06 0.04
RAMIRENT OYJ 727.52 EUR 5,506.96 4,976.23 0.01
RHJ INTERNATIONAL SA 887.57 EUR 2,716.03 4,739.64 0.01
RYANAIR HOLDINGS PLC 4,365.11 EUR 14,864.88 14,391.77 0.03
SACYR VALLEHERMOSO SA 2,182.56 EUR 20,178.95 17,460.45 0.03
SAFILO GROUP SPA 19,643.00 EUR 10,814.15 11,392.94 0.02
SAFT GROUPE SA 214.62 EUR 5,131.78 7,245.50 0.01
SALZGITTER AG 436.51 EUR 23,659.72 29,874.82 0.06
SCOR SE 4,365.11 EUR 69,728.25 76,389.45 0.14
SEDA BARCELONA 3,776.26 EUR 7,590.28 1,283.93 -
SELOGER. COM 174.60 EUR 4,291.91 3,932.09 0.01
SIXT/VORZ -O.STIMMR./EM97 1,353.18 EUR 13,450.97 23,207.12 0.04
SNAI SPA MILANO 1,891.55 EUR 5,517.19 5,693.56 0.01
SNS REAAL NV 3,206.17 EUR 42,963.97 13,594.18 0.03
SOC.DE INVESTIMENTO E GESTAO 1,164.03 EUR 8,993.29 9,032.87 0.02
SOFTWARE AG 145.50 EUR 7,312.03 11,116.48 0.02
SOITEC. BERNIN 1,309.53 EUR 7,240.23 13,084.86 0.02
SONAE CAPITAL SGPS SA 8,002.70 EUR 4,920.62 6,642.24 0.01
SONAECOM SGPS SA 10,185.26 EUR 18,369.28 19,677.92 0.04
SORIN SPA 9,752.97 EUR 11,416.57 13,020.21 0.02
SPARKASSEN IMMOBOBILIEN AG 1,309.53 EUR 6,440.35 6,547.67 0.01
SPONDA OYJ HELSINKI 363.76 EUR 2,910.80
993.06 -
STE FONCIERE FIN.ET PART/NOM 225.24 EUR 20,995.52 10,081.73 0.02
STE GEN.PARIS A 223.78 EUR 22,181.54 10,954.26 0.02
STO AG/VORZUEGE 72.75 EUR 3,347.68 4,574.64 0.01
STORA ENSO AB/R 11,544.12 EUR 62,350.03 56,335.30 0.10
SUEDZUCKER AG 3,055.58 EUR 44,865.72 44,428.11 0.08
TELECOM ITALIA SPA 91,376.34 EUR 94,149.42 99,417.46 0.19
TELECOM ITALIA SPA/RISP. N-CV 109,127.79 EUR 102,857.99 84,355.78 0.16
TERNA- RETE ELETTRICA NAZIONAL 11,640.30 EUR 31,167.97 34,920.89 0.06
TOD S SPA 101.85 EUR 4,105.48 5,283.09 0.01
TOUR EIFFEL 289.84 EUR 19,136.56 15,271.85 0.03
UNIBAIL-RODAMCO ACT 488.46 EUR 63,409.45 75,075.69 0.14
UNICREDIT SPA 9,605.72 EUR 44,248.11 22,501.40 0.04
UNIONE DI BANCHE ITALIANE SCPA 4,365.11 EUR 58,311.65 43,825.72 0.08
UNIPOL GRUPPO FINANZIARIO SPA 21,825.56 EUR 35,830.53 20,941.62 0.04
UPM-KYMMENE CORP 10,185.26 EUR 76,607.85 84,741.37 0.16
VASTNED OFFICES/INDUSTRIAL 1,439.76 EUR 19,348.85 16,945.97 0.03
VASTNED RETAIL NV 504.17 EUR 22,766.49 23,108.65 0.04
VOLKSWAGEN AG/VORZUG 997.14 EUR 51,229.95 65,551.79 0.12
WACKER NEUSON SE/NAMEN 2,619.07 EUR 12,858.95 21,476.35 0.04
The accompanying notes form an integral part of these financial statements.