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

Sparinvest SICAV
SPARINVEST - GLOBAL SMALL CAP VALUE
Statement of Investments (continued) as at June 30, 2010
(expressed in EUR)
Description
Quantity
Currency
TOTAL PRODUCE PLC 144,056.00 EUR 108,201.12 48,979.04 0.37
VILLEROY + BOCH AG/VORZ 21,224.00 EUR 287,777.84 89,183.25 0.67
6,548,067.24
4,813,194.47 36.41
GBP
AVON RUBBER PLC 239,314.00 GBP 355,716.94 299,023.85 2.26
BOVIS HOMES GROUP PLC 29,754.00 GBP 140,895.62 126,131.65 0.95
HEADLAM GROUP PLC 24,774.00 GBP 71,308.40 69,630.32 0.53
HENRY BOOT PLC 70,283.00 GBP 55,456.63 80,089.13 0.61
TT ELECTRONICS PLC 294,755.00 GBP 334,607.81 340,382.64 2.57
957,985.40
915,257.59 6.92
JPY
AIDA ENGINEERING LTD 52,750.00 JPY 246,393.12 179,130.46 1.35
AS ONE CORP 4,700.00 JPY 68,393.01 65,831.41 0.50
CHARLE CO LTD 80,150.00 JPY 350,823.75 201,366.30 1.52
CLEANUP CORP 43,530.00 JPY 254,441.87 196,693.85 1.49
DENKYOSHA CO LTD 37,193.00 JPY 222,418.86 136,912.09 1.04
FURUNO ELECTRIC CO LTD 14,900.00 JPY 71,706.67 60,059.40 0.45
MAEZAWA KASEI INDUSTRIES CO 24,350.00 JPY 264,867.19 189,354.79 1.43
MINISTOP CO 12,400.00 JPY 154,647.60 140,361.31 1.06
NICHICON CORP 27,661.00 JPY 251,529.33 277,214.77 2.10
NISSEI CORP 25,850.00 JPY 221,039.80 147,493.49 1.12
PAL CO LTD 8,800.00 JPY 126,601.60 255,101.99 1.93
SANEI-INTERNATIONAL CO LTD 16,400.00 JPY 169,259.15 155,604.85 1.18
SHIN-ETSU POLYMER CO LTD 32,700.00 JPY 128,562.10 159,193.03 1.20
SHOWA CORP 33,130.00 JPY 325,800.44 152,444.60 1.15
SONTON FOOD INDUSTRY 38,250.00 JPY 283,579.02 232,325.02 1.76
TENMA CORP 11,160.00 JPY 147,849.70 99,725.00 0.75
TOKYO STYLE CO LTD 23,180.00 JPY 183,740.10 152,098.03 1.15
TOPPAN FORMS CO LTD TOKYO 16,400.00 JPY 114,370.49 129,192.77 0.98
TSUTSUMI JEWELRY CO LTD 12,900.00 JPY 173,644.32 225,086.09 1.70
YONEX CO LTD 38,175.00 JPY 227,872.01 221,329.96 1.67
3,987,540.13
3,376,519.21 25.53
NZD
TOURISM HOLDINGS LIMITED 338,185.00 NZD 310,971.55 140,342.22 1.06
310,971.55
140,342.22 1.06
SGD
HI-P INTERNATLIONAL LTD 98,000.00 SGD 36,366.19 36,894.48 0.28
VENTURE CORPORATION LTD 43,000.00 SGD 133,316.99 224,127.66 1.69
169,683.18
Cost Market Value % net assets
261,022.14 1.97
USD
APOGEE ENTERPRISES INC. 11,100.00 USD 129,302.61 99,567.81 0.75
ARCTIC CAT INC 51,900.00 USD 402,053.16 396,984.42 3.00
CASCADE CORP 5,073.00 USD 115,999.70 144,747.84 1.09
COLUMBIA SPORTSWEAR 6,800.00 USD 169,033.62 262,950.34 1.99
FREDS INC A 23,412.00 USD 175,202.02 217,262.14 1.64
The accompanying notes form an integral part of these financial statements.
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