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

Sparinvest SICAV
SPARINVEST - GLOBAL VALUE
Statement of Investments (continued) as at June 30, 2010
(expressed in EUR)
Description
Quantity
Currency
ROYAL DUTCH SHELL PLC/A 429,224.75 EUR 8,361,296.36 8,932,167.15 1.15
ROYAL PHILIPS ELECTRONICS 1,201,554.49 EUR 27,968,764.42 29,660,372.61 3.81
SALZGITTER AG 140,165.84 EUR 11,994,608.16 6,878,638.61 0.89
TESSENDERLO CHEMIE 370,113.66 EUR 13,812,641.92 7,831,605.12 1.01
TOTAL PRODUCE PLC 3,783,440.82 EUR 2,345,733.31 1,286,369.88 0.17
UPM-KYMMENE CORP 1,002,097.27 EUR 9,295,390.16 10,932,881.26 1.41
VILLEROY + BOCH AG/VORZ 96,447.15 EUR 921,070.29 405,270.93 0.05
384,710,599.68
271,481,156.02 34.97
GBP
BERKELEY GROUP HLD PLC/UNITS 310,239.28 GBP 3,126,957.38 2,892,648.87 0.37
BOVIS HOMES GROUP PLC 141,460.13 GBP 714,143.42 599,670.59 0.08
D S SMITH PLC 5,861,138.77 GBP 9,760,295.11 8,594,837.20 1.11
J.SAINSBURY PLC 5,808,776.00 GBP 35,090,100.69 22,729,001.71 2.92
MILLENNIUM & COPTHORNE HOTELS 3,030,182.74 GBP 12,710,534.50 15,096,766.42 1.95
61,402,031.10
49,912,924.79 6.43
HKD
HUTCHISON WHAMP LTD 4,236,251.53 HKD 28,802,617.64 21,426,168.48 2.76
28,802,617.64
Cost Market Value % net assets
21,426,168.48 2.76
JPY
AIDA ENGINEERING LTD 861,691.05 JPY 3,077,771.84 2,926,163.33 0.38
AMADA CO LTD 424,791.18 JPY 2,480,926.95 2,306,471.61 0.30
CANON MARKETING JAPAN INC 512,422.30 JPY 6,214,228.33 5,918,237.05 0.76
CITIZEN HOLDINGS CO LTD 1,460,309.36 JPY 7,797,426.18 7,377,986.01 0.95
CLEANUP CORP 519,687.52 JPY 2,223,062.39 2,348,250.31 0.30
DAI NIPPON PRINTING CO LTD 588,393.18 JPY 5,655,181.40 5,593,563.43 0.72
FUJIFILM HOLDINGS CORP 368,642.68 JPY 8,941,179.22 8,779,918.82 1.13
FUNAI ELECTRIC CO LTD 284,419.94 JPY 6,400,766.72 8,402,058.11 1.08
GUNMA BANK LTD 2,265,670.74 JPY 10,388,994.60 9,862,307.74 1.27
MAEZAWA KASEI INDUSTRIES CO 131,222.44 JPY 938,187.41 1,020,435.23 0.13
MANDOM CORP 44,667.65 JPY 741,120.73 994,373.67 0.13
MSIG HOLDINGS 2,102,340.50 JPY 48,116,751.28 37,127,751.26 4.79
NICHICON CORP 1,151,947.38 JPY 6,804,221.87 11,544,659.71 1.49
NIPPON TEL & TEL 477,890.07 JPY 14,791,373.61 16,008,476.64 2.07
NISSHINBO IND 144,407.47 JPY 1,234,589.71 1,141,572.36 0.15
NKSJ HOLDINGS INC 1,920,843.63 JPY 13,572,293.58 9,351,220.50 1.20
PANASONIC CORP 691,361.99 JPY 8,231,842.43 7,138,697.34 0.92
SANGETSU CO 289,801.58 JPY 3,339,621.52 4,925,930.28 0.63
SEKISUI HOUSE LTD 399,138.67 JPY 2,632,128.56 2,806,323.78 0.36
SHOWA CORP 1,071,126.74 JPY 5,551,331.42 4,928,689.72 0.64
SONY CORP 426,315.98 JPY 7,661,964.34 9,349,239.03 1.20
TACHI-S 128,625.80 JPY 876,939.55 1,035,754.32 0.13
TAKEDA PHARMACEUTICAL CO LTD 222,800.10 JPY 7,927,696.82 7,832,481.21 1.01
TENMA CORP 388,913.54 JPY 3,592,455.44 3,475,304.88 0.45
TOKIO MARINE HOLDINGS INC 171,206.27 JPY 4,596,664.56 3,705,762.65 0.48
TOKYO STEEL MFG 205,399.45 JPY 1,973,296.36 1,958,301.90 0.25
TOKYO STYLE CO LTD 1,214,906.35 JPY 7,916,435.73 7,971,736.70 1.03
TOYO SEIKAN KAISHA LTD 444,026.97 JPY 5,280,306.17 5,348,963.19 0.69
The accompanying notes form an integral part of these financial statements.
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