Sparinvest SICAV Semi Annual Report 2010 R.C.S. Luxembourg B ...

Sparinvest SICAV
SPARINVEST - PROCEDO
Statement of Investments (continued) as at June 30, 2010
(expressed in EUR)
Description
INTESA SANPAOLO SPA 188,032.21 EUR 496,809.81 410,380.30 0.27
INTESA SANPAOLO/RISP-NON CONV 142,170.30 EUR 527,074.59 235,576.18 0.16
ITALMOBILIARE SPA 2,872.58 EUR 144,083.43 63,512.77 0.04
ITALMOBILIARE SPA/RISP./N-CV 2,765.42 EUR 70,264.94 43,389.46 0.03
KBC GROUPE SA 2,160.49 EUR 73,184.49 68,400.96 0.05
KIZOO AG/NAMENAKTIE 2,189.87 EUR 25,076.31 16,842.27 0.01
KME GRP/POST REGRP 121,402.85 EUR 83,200.31 35,510.33 0.02
KONINKLIJKE DSM NV 4,505.91 EUR 129,901.03 148,469.67 0.10
KONINKLIJKE VOPAK 13,827.11 EUR 325,103.99 415,642.78 0.28
LAGARDERE SCA/NOM 9,506.13 EUR 261,924.96 244,402.73 0.16
LAMDA DEVELOPMENT STOCK 6,770.96 EUR 54,733.01 25,052.55 0.02
LVMH MOET HENNESSY 1,296.29 EUR 124,976.39 116,225.46 0.08
MAISONS FRANCE CONFORT 691.36 EUR 17,981.98 20,049.30 0.01
MEDIOBANCA BCA CREDITO FINANZ 5,444.42 EUR 50,597.81 33,510.42 0.02
MONTE DEI PASCHI DI SIENA 60,493.59 EUR 77,914.04 56,501.01 0.04
M-REAL OYJ -B- 17,283.88 EUR 34,455.35 49,950.42 0.03
MTU AERO ENGINES HLDS/NAMEN 1,728.39 EUR 40,077.61 79,263.88 0.05
MUENCHENER RUECKVERS/NAMENSAKT 3,456.78 EUR 364,917.67 356,393.64 0.24
MYTILINEOS HOLDINGS/REG 12,098.72 EUR 64,353.77 46,580.06 0.03
NATIXIS 47,530.67 EUR 171,844.62 170,967.83 0.11
NEXANS PARIS 691.36 EUR 34,772.16 33,513.45 0.02
NEXITY/A 5,185.16 EUR 57,214.48 121,540.25 0.08
NOKIAN TYRES PLC 15,555.49 EUR 300,974.72 313,132.08 0.21
OBRASCON HUARTE LAIN SA 3,888.87 EUR 72,764.30 71,924.71 0.05
OUTOKUMPU OYJ A 17,283.88 EUR 223,350.96 213,974.45 0.14
PARROT SA 2,592.58 EUR 26,194.90 33,988.75 0.02
PATRIZIA IMMOBILIEN AG/REG 8,641.94 EUR 22,479.24 25,744.34 0.02
PEUGEOT SA 20,846.09 EUR 799,114.41 437,663.65 0.29
PIAGGIO AND C SPA 9,176.88 EUR 11,742.64 17,812.32 0.01
PIRELLI & CIE SPA 229,854.88 EUR 188,134.11 104,698.90 0.07
PRAKTIKER BAU & HEIMWERKERM. HLD 16,419.69 EUR 106,744.53 92,935.43 0.06
PUBLIC POWER CORP/REG 21,604.85 EUR 303,754.78 254,505.15 0.17
PUBLICIS GROUPE SA 11,234.52 EUR 226,667.51 369,278.77 0.25
RALLYE SA 4,865.41 EUR 163,255.64 121,440.70 0.08
RAMIRENT OYJ 4,320.97 EUR 32,707.61 30,073.95 0.02
RANDSTAD HOLDING 3,456.78 EUR 119,655.19 112,431.65 0.07
REPSOL YPF SA MADRID 6,049.36 EUR 99,402.40 100,691.57 0.07
RHEINMETALL AG DUESSELDORF 1,555.55 EUR 72,618.44 73,110.82 0.05
RHJ INTERNATIONAL SA 5,271.58 EUR 16,131.40 31,260.49 0.02
SACYR VALLEHERMOSO SA 12,962.91 EUR 119,849.36 54,055.34 0.04
SAFILO 5,833.31 EUR 64,228.75 43,953.99 0.03
SAFRAN SA 8,641.94 EUR 160,260.05 197,165.88 0.13
SALZGITTER AG 2,592.58 EUR 140,522.79 127,230.97 0.08
SCOR SE 32,839.37 EUR 523,322.52 515,906.58 0.34
SEDA BARCELONA 22,428.43 EUR 45,081.14 7,625.67 0.01
SEQUANA /NOM. 4,320.97 EUR 44,436.67 43,857.85 0.03
SIXT/VORZ -O.STIMMR./EM97 8,037.00 EUR 79,889.70 127,306.16 0.08
SNS REAAL NV 19,042.52 EUR 255,177.01 68,343.60 0.05
SOC.DE INVESTIMENTO E GESTAO 13,827.11 EUR 106,672.90 102,458.85 0.07
SOFTWARE AG 864.19 EUR 43,428.54 73,188.60 0.05
SOITEC. BERNIN 7,777.75 EUR 43,002.10 57,275.33 0.04
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104
Quantity /
Face value
Currency
The accompanying notes form an integral part of these financial statements.
Cost Market Value % net assets