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

Sparinvest SICAV
SPARINVEST - GLOBAL VALUE
Statement of Investments as at June 30, 2010
(expressed in EUR)
Description
Transferable securities admitted to an official stock exchange listing
Shares
AUD
CALTEX AUSTRALIA LTD 285,566.23 AUD 1,730,866.24 1,861,609.56 0.24
1,730,866.24 1,861,609.56 0.24
CAD
CANADIAN T.CORP A N-VOT. 46,634.64 CAD 1,725,458.59 1,909,256.69 0.25
1,725,458.59 1,909,256.69 0.25
CHF
BQE.CANTONALE VAUDOISE/NOM 64,742.98 CHF 13,905,079.38 21,743,876.71 2.80
CONZZETA HOLDING ZUERICH 2,147.28 CHF 3,462,968.19 2,905,687.84 0.37
DAETWYLER HOLDING AG 60,722.89 CHF 2,680,716.64 3,002,982.95 0.39
KUONI REISEN HOLDING/NAM B 29,312.03 CHF 10,096,713.15 6,673,433.67 0.86
MICRONAS SEMICONDUCTOR/REG 384,323.90 CHF 2,088,279.91 1,448,651.63 0.19
RIETER HOLDING AG/NAM 57,238.28 CHF 12,905,599.88 11,995,764.38 1.55
45,139,357.15 47,770,397.18 6.16
DKK
A.P. MOELLER - MAERSK A/S B 4,704.45 DKK 34,283,939.18 30,503,890.74 3.93
DANSKE BANK AS 739,343.84 DKK 13,471,616.05 11,783,815.21 1.52
47,755,555.23 42,287,705.95 5.45
EUR
BENETTON GROUP SPA PONZANO 399,691.18 EUR 2,886,211.46 2,198,301.51 0.28
BIC 56,110.82 EUR 2,127,310.52 3,265,088.87 0.42
BONGRAIN 98,128.91 EUR 6,124,225.55 5,573,722.34 0.72
BUZZI UNICEM 594,831.42 EUR 10,395,674.50 4,946,023.30 0.64
CEWE COLOR HOLDING AG 76,029.19 EUR 1,725,862.60 1,952,809.73 0.25
DEUTSCHE POSTBANK AG/NAMEN AKT 764,360.42 EUR 44,371,185.03 18,249,104.95 2.35
DOUGLAS HOLDING AG 601,623.06 EUR 20,743,963.13 20,587,541.14 2.65
ENI SPA ROMA 207,717.14 EUR 3,644,349.11 3,146,914.74 0.41
EURAZEO 57,741.46 EUR 3,886,163.33 2,717,313.24 0.35
FINNAIR OYJ 1,092,523.26 EUR 5,844,999.45 4,326,392.11 0.56
FRANKFURT AIRPORT SERV. WORLDW 545,916.76 EUR 23,174,166.32 19,112,545.65 2.46
FROMAG. BEL VACHE Q. RIT 5,796.03 EUR 1,014,305.54 823,036.49 0.11
FYFFES PLC 4,679,772.63 EUR 3,509,829.47 1,544,324.97 0.20
GUYENNE & GASCOGNE SA 24,236.00 EUR 2,870,406.95 1,890,408.00 0.24
HOCHTIEF AG 417,838.09 EUR 26,793,893.66 20,553,455.70 2.65
KOENIG + BAUER AG 178,299.28 EUR 3,483,967.92 2,469,445.02 0.32
KONINKLIJKE DSM NV 668,594.94 EUR 20,476,887.33 22,030,203.32 2.84
KONINKLIJKE WESSANEN NV 1,208,895.05 EUR 10,323,963.77 3,504,586.76 0.45
MAN SE 379,070.51 EUR 31,622,078.94 25,735,097.23 3.31
MEDION AG ESSEN 490,632.91 EUR 6,510,698.74 4,819,487.09 0.62
OMV AG 276,743.02 EUR 6,500,047.02 6,827,250.31 0.88
PEUGEOT SA 736,706.83 EUR 27,280,802.45 15,467,159.99 1.99
RENAULT SA 449,224.00 EUR 44,700,102.27 13,813,638.00 1.78
The accompanying notes form an integral part of these financial statements.
Page
58
Quantity
Currency
Cost Market Value % net assets