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

Sparinvest SICAV
SPARINVEST - EQUITAS
Statement of Investments (continued) as at June 30, 2010
(expressed in EUR)
Description
THE SWATCH GROUP AG 24.66 CHF 3,935.83 5,691.59 0.41
THE SWATCH GROUP AG/NAM 117.41 CHF 4,079.17 4,890.37 0.35
VERWALTUNGS-UND PRIVAT-BANK AG 4.70 CHF 380.78
450.00 0.03
ZEHNDER GROUP AG 0.23 CHF 265.47
283.24 0.02
Page
12
Quantity
Currency
69,619.37
Cost Market Value % net assets
74,158.56 5.37
DKK
DANSKE BANK AS 70.45 DKK 1,179.10 1,122.80 0.08
FLSMIDTH & CO A/S -B- 11.74 DKK 668.33
627.30 0.05
GN GREAT NORDIC LTD 176.12 DKK 508.19 1,007.40 0.07
TK DEVELOPMENT 93.93 DKK 321.60
292.60 0.02
2,677.22
3,050.10 0.22
EUR
AALBERTS INDUSTRIES NV 76.32 EUR 811.28
815.46 0.06
AAREAL BANK AG 182.18 EUR 2,791.62 2,512.21 0.18
ACANTHE DEVELOPPEMENT SA 93.93 EUR 225.22
137.14 0.01
AFFINE 7.04 EUR 233.12
120.54 0.01
AGFA-GEVAERT NV MORTSEL 293.53 EUR 1,565.98 1,394.27 0.10
AIR FRANCE - KLM 410.94 EUR 4,609.36 4,043.26 0.29
ALLIANZ SE/NAM.VINKULIERT 105.67 EUR 8,836.33 8,641.76 0.63
ALSTRIA OFFICE REIT AG 199.60 EUR 986.58 1,572.65 0.11
ANDRITZ AG GRAZ 9.39 EUR 207.42
433.25 0.03
ANHEUSER-BUSH INBEV SA 187.86 EUR 5,995.30 7,439.23 0.54
ARCELORMITTAL SA REG SHS 84.23 EUR 3,246.04 1,905.31 0.14
ASIAN BAMBOO AG 23.48 EUR 450.72
762.36 0.06
ASSICURAZIONI/MILANO 234.82 EUR 562.08
328.52 0.02
ATRIA GROUP PLC A 82.19 EUR 1,002.30
912.29 0.07
ATRIUM EURO RE 317.01 EUR 1,509.74 1,116.20 0.08
AUTOSTRADA TORINO-MILANO SPA 117.41 EUR 1,193.92 1,187.04 0.09
AXA 365.47 EUR 5,776.35 4,626.83 0.33
BANCO ESPIRITO SANTO SA/REG 1,056.71 EUR 4,749.26 3,440.64 0.25
BANCO POPOLARE SOC. COOP 528.35 EUR 4,848.22 2,410.62 0.17
BCA POP.DELL ETRURIA DEL LAZIO 152.64 EUR 1,100.72
498.36 0.04
BENETTON GROUP SPA PONZANO 70.45 EUR 443.72
387.46 0.03
BENI STABILI SPA 2,329.46 EUR 1,097.95 1,455.91 0.11
BERTRANDT AG 35.22 EUR 943.63 1,036.46 0.08
BGP HOLDINGS 2,719.26 EUR -
- -
BILFINGER BERGER AG 10.57 EUR 556.22
483.97 0.04
BNP PARIBAS 46.96 EUR 2,601.69 2,106.61 0.15
BRUNEL INTERNATIONAL 23.48 EUR 374.94
556.06 0.04
BULGARI SPA 164.38 EUR 1,018.14
971.47 0.07
BUONGIORNO SPA/AZ 234.82 EUR 330.76
211.34 0.02
BUZZI UNICEM/AZ RISP/NON-CV 199.60 EUR 1,419.38
988.02 0.07
CAJA MEDIT/PFD 58.71 EUR 335.48
376.31 0.03
CAMFIN 349.88 EUR 506.89
93.77 0.01
CAMPARI AZ/POST FRAZIONAMENTO 270.05 EUR 902.42 1,084.92 0.08
CAT OIL AG 46.96 EUR 310.00
332.18 0.02
C.I.R.CIE INDUSTRIALI RIUNITE 963.92 EUR 2,026.25 1,336.95 0.10
CITYCON OYJ 498.32 EUR 899.14 1,195.97 0.09
The accompanying notes form an integral part of these financial statements.