-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RZzvMsxIHGToLWtIGvY3vpQNbH3gwtPq73JDGxA6kVahJ9c1D0LJxJPx9nEHt+E9 vz2HVjH291aGPQYRxmebXA== 0000930413-10-002865.txt : 20100513 0000930413-10-002865.hdr.sgml : 20100513 20100513083204 ACCESSION NUMBER: 0000930413-10-002865 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100513 DATE AS OF CHANGE: 20100513 EFFECTIVENESS DATE: 20100513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GAM Holding Ltd. CENTRAL INDEX KEY: 0001438848 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13808 FILM NUMBER: 10826571 BUSINESS ADDRESS: STREET 1: 120 BROADWAY STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10271 BUSINESS PHONE: 212-238-3010 MAIL ADDRESS: STREET 1: 120 BROADWAY STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10271 FORMER COMPANY: FORMER CONFORMED NAME: Julius Baer Holding Ltd. DATE OF NAME CHANGE: 20080627 13F-HR 1 c61553_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/10 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: GAM Holding Ltd. Address: Klaustrasse 10, 8008 Zurich, Switzerland 13F File Number: 28-7714 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Scott Sullivan Title: Group General Counsel Phone: 011-44-207-7917-2279 Signature, Place, and Date of Signing: Scott Sullivan London, United Kingdom 05/12/10 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of other Included Managers: 4 Form 13F Information Table Entry Total: 976 Form 13F Information Table Value Total: $3,672,210 (thousands) List of other Included Managers No. 13F File Number Name 01 00-00000-000 GAM International Management Limited 02 00-00000-000 GAM London Limited GB 03 00-00000-000 Augustus Asset Managers Limited 04 00-00000-000 Swiss & Global Asset Management Ltd. Ins Type Name/Issuer Share Class CUSIP Valn Year and Qtr Invest Advisory Company No. Shares Current Value Form 13F Information Table GAM Holding Ltd. Page 1 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None 3M CO Com 88579Y101 15,003 179,530 0 0 179,530 04 179,530 0 0 3Par Inc. Com. USD0.001 Com 88580F109 749 75,000 0 0 75,000 01 75,000 0 0 ABB Ltd.-Spon ADR (1 Reps. 1 Reg.) Com 000375204 73 3,360 0 0 3,360 01 3,360 0 0 ABBOTT LABORATORIES Com 002824100 17,483 331,870 0 0 331,870 04 331,870 0 0 ABERCROMBIE & FITCH CO-CL A Com 002896207 78 1,700 0 0 1,700 04 1,700 0 0 ACADIA REALTY TRUST Com 004239109 194 10,850 0 0 10,850 04 10,850 0 0 Accenture Plc-Cl A Com. USD0.00002 Com G1151C101 13 300 0 0 300 01 300 0 0 ACCENTURE PLC-CL A Com G1151C101 487 11,600 0 0 11,600 04 11,600 0 0 ACTIVISION BLIZZARD INC Com 00507V109 127 10,500 0 0 10,500 04 10,500 0 0 ACXIOM CORP Com 005125109 1,435 80,000 0 0 80,000 04 80,000 0 0 ADOBE SYSTEMS INC Com 00724F101 2,890 81,700 0 0 81,700 04 81,700 0 0 ADVANCE AUTO PARTS INC Com 00751Y106 67 1,600 0 0 1,600 04 1,600 0 0 ADVANCED MICRO DEVICES Com 007903107 89 9,600 0 0 9,600 04 9,600 0 0 AECOM TECHNOLOGY CORP Com 00766T100 156 5,500 0 0 5,500 04 5,500 0 0 AES CORP Com 00130H105 138 12,500 0 0 12,500 04 12,500 0 0 AETNA INC Com 00817Y108 2,563 73,000 0 0 73,000 04 73,000 0 0 AFFYMETRIX INC Com 00826T108 551 75,000 0 0 75,000 04 75,000 0 0 AFLAC INC Com 001055102 1,694 31,200 0 0 31,200 04 31,200 0 0 AGCO CORP Com 001084102 230 6,400 0 0 6,400 04 6,400 0 0 AGILENT TECHNOLOGIES INC Com 00846U101 904 26,300 0 0 26,300 04 26,300 0 0 AIR PRODUCTS & CHEMICALS INC Com 009158106 1,546 20,900 0 0 20,900 04 20,900 0 0 AIRGAS INC Com 009363102 95 1,500 0 0 1,500 04 1,500 0 0 AK STEEL HOLDING CORP Com 001547108 805 35,200 0 0 35,200 04 35,200 0 0 AKAMAI TECHNOLOGIES Com 00971T101 94 3,000 0 0 3,000 04 3,000 0 0 ALASKA AIR GROUP INC Com 011659109 346 8,400 0 0 8,400 04 8,400 0 0 --------- 47,808
Form 13F Information Table GAM Holding Ltd. Page 2 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Alcatel-Lucent Spons ADR (1 ADR Re Com 013904305 48 15,230 0 0 15,230 01 15,230 0 0 ALCOA INC Com 013817101 4,648 326,400 0 0 326,400 04 326,400 0 0 ALEXION PHARMACEUTICALS INC Com 015351109 723 13,300 0 0 13,300 04 13,300 0 0 ALLEGHENY ENERGY INC Com 017361106 69 3,000 0 0 3,000 04 3,000 0 0 ALLEGHENY TECHNOLOGIES INC Com 01741R102 1,074 19,900 0 0 19,900 04 19,900 0 0 ALLERGAN INC Com 018490102 2,403 36,790 0 0 36,790 04 36,790 0 0 ALLIANCE DATA SYSTEMS CORP Com 018581108 70 1,100 0 0 1,100 04 1,100 0 0 Alliance Data Systems Corp. Com. U Com 018581108 2,767 43,230 0 0 43,230 02 01 43,230 0 0 Allied Irish Banks-Spons ADR NPV Com 019228402 644 200,000 0 0 200,000 01 200,000 0 0 ALLSTATE CORP Com 020002101 1,276 39,500 0 0 39,500 04 39,500 0 0 ALPHA NATURAL RESOURCES INC Com 02076X102 933 18,700 0 0 18,700 04 18,700 0 0 ALTERA CORPORATION Com 021441100 141 5,800 0 0 5,800 04 5,800 0 0 ALTRIA GROUP INC Com 02209S103 8,882 432,850 0 0 432,850 04 432,850 0 0 AMAZON.COM INC Com 023135106 869 6,400 0 0 6,400 04 6,400 0 0 AMB PROPERTY CORP Com 00163T109 2,631 96,600 0 0 96,600 04 96,600 0 0 Amdocs Limited Ordinary GBP0.0001 Com G02602103 114 3,800 0 0 3,800 01 3,800 0 0 AMEREN CORPORATION Com 023608102 1,733 66,440 0 0 66,440 04 66,440 0 0 AMERICA MOVIL-ADR SERIES L Com 02364W105 972 19,300 0 0 19,300 04 19,300 0 0 America Movil-ADR SL NPV(1 Rep 20 Com 02364W105 1,042 20,700 0 0 20,700 01 20,700 0 0 America Movil-ADR SL NPV(1 Rep 20 Com 02364W105 589 11,700 0 0 11,700 01 11,700 0 0 AMERICAN EAGLE OUTFITTERS Com 02553E106 68 3,650 0 0 3,650 04 3,650 0 0 AMERICAN ELECTRIC POWER Com 025537101 1,559 45,620 0 0 45,620 04 45,620 0 0 AMERICAN EXPRESS CO. Com 025816109 2,872 69,600 0 0 69,600 04 69,600 0 0 American Express Company Common US Com 025816109 39 950 0 0 950 01 950 0 0 AMERICAN SUPERCONDUCTOR CORP Com 030111108 434 15,000 0 0 15,000 04 15,000 0 0 --------- 36,600
Form 13F Information Table GAM Holding Ltd. Page 3 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None AMERICAN TOWER CORP-CL A Com 029912201 2,024 47,500 0 0 47,500 04 47,500 0 0 American Tower Corp. Cls. A Com. U Com 029912201 21 500 0 0 500 01 500 0 0 AMERIPRISE FINANCIAL INC Com 03076C106 1,338 29,500 0 0 29,500 04 29,500 0 0 AMERISOURCEBERGEN CORP Com 03073E105 153 5,300 0 0 5,300 04 5,300 0 0 AMETEK INC Com 031100100 79 1,900 0 0 1,900 04 1,900 0 0 AMGEN INC Com 031162100 13,692 229,120 0 0 229,120 04 229,120 0 0 AMPHENOL CORP-CL A Com 032095101 127 3,000 0 0 3,000 04 3,000 0 0 AMYLIN PHARMACEUTICALS INC Com 032346108 540 24,000 0 0 24,000 04 24,000 0 0 ANADARKO PETROLEUM CORP Com 032511107 5,854 80,380 0 0 80,380 04 80,380 0 0 ANALOG DEVICES INC Com 032654105 867 30,100 0 0 30,100 04 30,100 0 0 ANGIODYNAMICS INC Com 03475V101 156 10,000 0 0 10,000 04 10,000 0 0 ANGLOGOLD ASHANTI-SPON ADR Com 035128206 216 5,700 0 0 5,700 04 5,700 0 0 ANNALY CAPITAL MANAGEMENT IN Com 035710409 201 11,700 0 0 11,700 04 11,700 0 0 AOL INC Com 00184X105 339 13,429 0 0 13,429 04 13,429 0 0 AOL Inc. Com. USD0.01 Com 00184X105 438 17,300 0 0 17,300 01 17,300 0 0 AON CORP Com 037389103 196 4,600 0 0 4,600 04 4,600 0 0 APACHE CORP Com 037411105 8,488 83,622 0 0 83,622 04 83,622 0 0 APARTMENT INVT & MGMT CO -A Com 03748R101 571 31,005 0 0 31,005 04 31,005 0 0 APOLLO GROUP INC-CL A Com 037604105 2,964 48,360 0 0 48,360 04 48,360 0 0 APPLE INC Com 037833100 32,242 137,240 0 0 137,240 04 137,240 0 0 Apple Incorporated Common NPV Com 037833100 799 3,400 0 0 3,400 01 3,400 0 0 APPLIED MATERIALS INC Com 038222105 2,427 180,010 0 0 180,010 04 180,010 0 0 ARCH COAL INC Com 039380100 69 3,000 0 0 3,000 04 3,000 0 0 ARCELORMITTAL SA LUXEMBOURG NOTE 5 Bond 03938LAK0 3,714 3,000,000 0 0 3,000,000 03 3,000,000 0 0 ARCHER-DANIELS-MIDLAND CO Com 039483102 9,135 316,100 0 0 316,100 04 316,100 0 0 ARENA RESOURCES INC Com 040049108 516 15,440 0 0 15,440 04 15,440 0 0 --------- 87,166
Form 13F Information Table GAM Holding Ltd. Page 4 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None ARROW ELECTRONICS INC Com 042735100 842 27,930 0 0 27,930 04 27,930 0 0 Arvinmeritor 4.625% Step Cv. 01-03 Bond 043353AF8 723 750,000 0 0 750,000 01 750,000 0 0 ASHLAND INC Com 044209104 211 4,000 0 0 4,000 04 4,000 0 0 ASSURANT INC Com 04621X108 65 1,900 0 0 1,900 04 1,900 0 0 AT&T INC Com 00206R102 30,822 1,192,786 0 0 1,192,786 04 1,192,786 0 0 AUTODESK INC Com 052769106 118 4,000 0 0 4,000 04 4,000 0 0 Autodesk Inc. Common USD0.01 Com 052769106 73 2,480 0 0 2,480 01 2,480 0 0 Automatic Data Processing Com. USD Com 053015103 49 1,100 0 0 1,100 01 1,100 0 0 AUTOMATIC DATA PROCESSING Com 053015103 9,398 211,340 0 0 211,340 04 211,340 0 0 AUTONATION INC Com 05329W102 40 2,200 0 0 2,200 04 2,200 0 0 AUTOZONE INC Com 053332102 2,319 13,400 0 0 13,400 04 13,400 0 0 AutoZone Incorporated Common USD0. Com 053332102 4,848 28,000 0 0 28,000 01 28,000 0 0 AUXILIUM PHARMACEUTICALS INC Com 05334D107 203 6,500 0 0 6,500 04 6,500 0 0 AVALONBAY COMMUNITIES INC Com 053484101 5,482 63,483 0 0 63,483 04 63,483 0 0 AVERY DENNISON CORP Com 053611109 73 2,000 0 0 2,000 04 2,000 0 0 AVNET INC Com 053807103 837 27,900 0 0 27,900 04 27,900 0 0 AVON PRODUCTS INC Com 054303102 268 7,900 0 0 7,900 04 7,900 0 0 BAKER HUGHES INC Com 057224107 2,979 63,590 0 0 63,590 04 63,590 0 0 Baker Hughes Inc. Common USD1.00 Com 057224107 52 1,120 0 0 1,120 01 1,120 0 0 BALL CORP Com 058498106 96 1,800 0 0 1,800 04 1,800 0 0 BANCO BRADESCO-ADR Com 059460303 3,594 195,000 0 0 195,000 04 195,000 0 0 BANCO SANTANDER-CHILE-ADR Com 05965X109 186 2,732 0 0 2,732 04 2,732 0 0 BANK OF AMERICA CORP Com 060505104 28,544 1,599,105 0 0 1,599,105 04 1,599,105 0 0 Bank of America Corp. Common USD0. Com 060505104 13,082 733,683 0 0 733,683 01 733,683 0 0 BANK OF NEW YORK MELLON CORP Com 064058100 10,071 326,126 0 0 326,126 04 326,126 0 0 --------- 114,973
Form 13F Information Table GAM Holding Ltd. Page 5 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Bank of NY Mellon Corp. Com. USD0. Com 064058100 78 2,510 0 0 2,510 01 2,510 0 0 BAXTER INTERNATIONAL INC Com 071813109 12,432 213,610 0 0 213,610 04 213,610 0 0 BB&T CORP Com 054937107 5,221 161,200 0 0 161,200 04 161,200 0 0 Beazer Homes USA 4.625% Cv. 15-06- Bond 07556QAL9 601 616,000 0 0 616,000 01 616,000 0 0 BECKMAN COULTER INC Com 075811109 876 13,950 0 0 13,950 04 13,950 0 0 Becton Dickinson & Co. Common USD1 Com 075887109 51 650 0 0 650 01 650 0 0 BECTON DICKINSON AND CO Com 075887109 15,447 196,200 0 0 196,200 04 196,200 0 0 BED BATH & BEYOND INC Com 075896100 210 4,800 0 0 4,800 04 4,800 0 0 BEMIS COMPANY Com 081437105 574 20,000 0 0 20,000 04 20,000 0 0 Berkshire Hathaway Cls. B Com. USD Com 084670207 1,626 20,000 0 0 20,000 01 20,000 0 0 BERKSHIRE HATHAWAY INC-CL A Com 084670108 3,654 30 0 0 30 04 30 0 0 BEST BUY CO INC Com 086516101 1,349 31,700 0 0 31,700 04 31,700 0 0 BHP BILLITON LTD-SPON ADR Com 088606108 851 10,590 0 0 10,590 04 10,590 0 0 BIOGEN IDEC INC Com 09062X103 4,683 81,650 0 0 81,650 04 81,650 0 0 BIOMARIN PHARMACEUTICAL INC Com 09061G101 628 26,880 0 0 26,880 04 26,880 0 0 BJ SERVICES CO Com 055482103 755 35,300 0 0 35,300 04 35,300 0 0 BLACKROCK INC Com 09247X101 87 400 0 0 400 04 400 0 0 BMC SOFTWARE INC Com 055921100 882 23,200 0 0 23,200 04 23,200 0 0 BOEING CO Com 097023105 6,155 84,770 0 0 84,770 04 84,770 0 0 Boeing Co. Common USD5 Com 097023105 414 5,700 0 0 5,700 01 5,700 0 0 Boeing Co. Common USD5 Com 097023105 43 590 0 0 590 01 590 0 0 BORGWARNER INC Com 099724106 76 2,000 0 0 2,000 04 2,000 0 0 BP PLC-SPONS ADR Com 055622104 1,490 26,100 0 0 26,100 04 26,100 0 0 BPZ RESOURCES INC Com 055639108 589 80,179 0 0 80,179 04 80,179 0 0 BRASIL DISTR PAO ACU-SP ADR Com 20440T201 471 7,000 0 0 7,000 04 7,000 0 0 --------- 59,242
Form 13F Information Table GAM Holding Ltd. Page 6 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None BRE PROPERTIES INC Com 05564E106 533 14,900 0 0 14,900 04 14,900 0 0 BRISTOL-MYERS SQUIBB CO Com 110122108 11,369 425,788 0 0 425,788 04 425,788 0 0 Bristol-Myers Squibb Co. Common US Com 110122108 18,092 677,350 0 0 677,350 01 677,350 0 0 Bristol-Myers Squibb Co. Common US Com 110122108 47,444 1,776,390 0 0 1,776,390 02 1,776,390 0 0 BROADCOM CORP-CL A Com 111320107 564 17,000 0 0 17,000 04 17,000 0 0 BUCYRUS INTERNATIONAL INC Com 118759109 3,332 50,500 0 0 50,500 04 50,500 0 0 BUNGE LTD Com G16962105 154 2,500 0 0 2,500 04 2,500 0 0 Bunge Ltd. Common USD0.01 Com G16962105 3,326 53,930 0 0 53,930 02 01 53,930 0 0 C.H. ROBINSON WORLDWIDE INC Com 12541W209 1,285 23,000 0 0 23,000 04 23,000 0 0 CA INC Com 12673P105 1,366 58,200 0 0 58,200 04 58,200 0 0 CABLEVISION SYSTEMS-NY GRP-A Com 12686C109 109 4,500 0 0 4,500 04 4,500 0 0 Cablevision Systems Corp. Class A Com 12686C109 755 31,300 0 0 31,300 01 31,300 0 0 Cablevision Systems Corp. Class A Com 12686C109 6,515 270,000 0 0 270,000 01 270,000 0 0 CABOT OIL & GAS CORP Com 127097103 810 22,000 0 0 22,000 04 22,000 0 0 CALPINE CORP Com 131347304 73 6,100 0 0 6,100 04 6,100 0 0 CAMDEN PROPERTY TRUST Com 133131102 2,181 52,400 0 0 52,400 04 52,400 0 0 Cameco Corporation USD Common NPV Com 13321L108 12 440 0 0 440 01 440 0 0 CAMERON INTERNATIONAL CORP Com 13342B105 934 21,800 0 0 21,800 04 21,800 0 0 CAMPBELL SOUP CO Com 134429109 127 3,600 0 0 3,600 04 3,600 0 0 Canadian National Railway Company Com 136375102 22 360 0 0 360 01 360 0 0 CAPITAL ONE FINANCIAL CORP Com 14040H105 2,354 56,835 0 0 56,835 04 56,835 0 0 CARDINAL HEALTH INC Com 14149Y108 2,497 69,290 0 0 69,290 04 69,290 0 0 CAREFUSION CORP Com 14170T101 301 11,375 0 0 11,375 04 11,375 0 0 Carefusion Corp. Common USD0.01 Com 14170T101 2,644 100,000 0 0 100,000 01 100,000 0 0 CARMAX INC Com 143130102 106 4,200 0 0 4,200 04 4,200 0 0 --------- 106,902
Form 13F Information Table GAM Holding Ltd. Page 7 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CARNIVAL CORP Com 143658300 4,584 117,900 0 0 117,900 04 117,900 0 0 Carnival Corporation Common USD0.0 Com 143658300 58 1,500 0 0 1,500 01 1,500 0 0 CATERPILLAR INC Com 149123101 4,641 73,840 0 0 73,840 04 73,840 0 0 Caterpillar Inc. Common USD1.00 Com 149123101 314 5,000 0 0 5,000 01 5,000 0 0 CB RICHARD ELLIS GROUP INC-A Com 12497T101 1,886 119,000 0 0 119,000 04 119,000 0 0 CBS CORP-CLASS B NON VOTING Com 124857202 210 15,100 0 0 15,100 04 15,100 0 0 CEDAR SHOPPING CENTERS INC Com 150602209 105 13,300 0 0 13,300 04 13,300 0 0 CELGENE CORP Com 151020104 5,868 94,700 0 0 94,700 04 94,700 0 0 CEMIG SA -SPONS ADR Com 204409601 2,777 166,882 0 0 166,882 04 166,882 0 0 CENTERPOINT ENERGY INC Com 15189T107 109 7,600 0 0 7,600 04 7,600 0 0 CENTURYTEL INC Com 156700106 1,247 35,177 0 0 35,177 04 35,177 0 0 CEPHALON INC Com 156708109 1,474 21,740 0 0 21,740 04 21,740 0 0 CERNER CORP Com 156782104 111 1,300 0 0 1,300 04 1,300 0 0 Cerner Corporation Common USD0.01 Com 156782104 40 470 0 0 470 01 470 0 0 CF INDUSTRIES HOLDINGS INC Com 125269100 447 4,900 0 0 4,900 04 4,900 0 0 CHARLES RIVER LABORATORIES Com 159864107 3,200 81,400 0 0 81,400 04 81,400 0 0 CHART INDUSTRIES INC Com 16115Q308 402 20,100 0 0 20,100 04 20,100 0 0 CHECK POINT SOFTWARE TECH Com M22465104 776 22,146 0 0 22,146 04 22,146 0 0 CHEESECAKE FACTORY INC/THE Com 163072101 677 25,000 0 0 25,000 04 25,000 0 0 CHESAPEAKE ENERGY CORP Com 165167107 1,960 82,900 0 0 82,900 04 82,900 0 0 CHEVRON CORP Com 166764100 33,191 437,700 0 0 437,700 04 437,700 0 0 CHINA MOBILE LTD-SPON ADR Com 16941M109 207 4,300 0 0 4,300 04 4,300 0 0 CHINA TELECOM CORP LTD-ADR Com 169426103 117 2,390 0 0 2,390 04 2,390 0 0 CHINA UNICOM (HK) LTD /SADR Com 16945R104 78 7,000 0 0 7,000 04 7,000 0 0 Christopher & Banks Corp. Common U Com 171046105 600 75,000 0 0 75,000 01 75,000 0 0 --------- 65,079
Form 13F Information Table GAM Holding Ltd. Page 8 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CHUBB CORP Com 171232101 5,206 100,400 0 0 100,400 04 100,400 0 0 Chubb Corporation Common USD1.00 Com 171232101 5,445 105,000 0 0 105,000 01 105,000 0 0 CHURCH & DWIGHT CO INC Com 171340102 1,306 19,500 0 0 19,500 04 19,500 0 0 CIA DE MINAS BUENAVENTUR-ADR Com 204448104 4,645 149,973 0 0 149,973 04 149,973 0 0 CIA SIDERURGICA NACL-SP ADR Com 20440W105 1,597 40,000 0 0 40,000 04 40,000 0 0 CIGNA CORP Com 125509109 1,013 27,700 0 0 27,700 04 27,700 0 0 CIMAREX ENERGY CO Com 171798101 1,182 19,900 0 0 19,900 04 19,900 0 0 CINTAS CORP Com 172908105 663 23,600 0 0 23,600 04 23,600 0 0 CISCO SYSTEMS INC Com 17275R102 33,503 1,287,100 0 0 1,287,100 04 1,287,100 0 0 Cisco Systems Inc. Common USD0.001 Com 17275R102 11,373 436,816 0 0 436,816 01 436,816 0 0 Cisco Systems Inc. Common USD0.001 Com 17275R102 105 4,030 0 0 4,030 01 4,030 0 0 CITIGROUP INC Com 172967101 10,041 2,479,260 0 0 2,479,260 04 2,479,260 0 0 Citigroup Incorporated Common USD0 Com 172967101 10,178 2,510,000 0 0 2,510,000 01 2,510,000 0 0 Citigroup Incorporated Common USD0 Com 172967101 34,302 8,461,200 0 0 8,461,200 02 8,461,200 0 0 CITRIX SYSTEMS INC Com 177376100 1,116 23,500 0 0 23,500 04 23,500 0 0 Clearwire Corp. Class A Com. USD0. Com 18538Q105 253 35,369 0 0 35,369 02 01 35,369 0 0 Clearwire Corp. NPV NPR 21-06-2010 Com 18538Q139 7 36,489 0 0 36,489 02 01 36,489 0 0 CLOROX COMPANY Com 189054109 1,777 27,700 0 0 27,700 04 27,700 0 0 CLOUD PEAK ENERGY INC Com 18911Q102 549 33,000 0 0 33,000 04 33,000 0 0 COACH INC Com 189754104 7,766 196,500 0 0 196,500 04 196,500 0 0 Cobalt International Energy Com. U Com 19075F106 3,673 270,000 0 0 270,000 01 270,000 0 0 COCA-COLA CO/THE Com 191216100 23,419 425,800 0 0 425,800 04 425,800 0 0 COCA-COLA ENTERPRISES Com 191219104 138 5,000 0 0 5,000 04 5,000 0 0 COGNIZANT TECH SOLUTIONS-A Com 192446102 275 5,400 0 0 5,400 04 5,400 0 0 COLGATE-PALMOLIVE CO Com 194162103 3,419 40,100 0 0 40,100 04 40,100 0 0 --------- 162,950
Form 13F Information Table GAM Holding Ltd. Page 9 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None COLONIAL PROPERTIES TRUST Com 195872106 217 16,860 0 0 16,860 04 16,860 0 0 COMCAST CORP-CLASS A Com 20030N101 8,232 437,390 0 0 437,390 04 437,390 0 0 COMCAST CORP-SPECIAL CL A Com 20030N200 454 25,257 0 0 25,257 04 25,257 0 0 COMERICA INC Com 200340107 806 21,200 0 0 21,200 04 21,200 0 0 COMPANHIA DE BEBIDAS-PRF ADR Com 20441W203 1,650 18,000 0 0 18,000 04 18,000 0 0 COMPUTER SCIENCES CORP Com 205363104 975 17,900 0 0 17,900 04 17,900 0 0 CONAGRA FOODS INC Com 205887102 203 8,100 0 0 8,100 04 8,100 0 0 Conns Inc Common USD0.01 Com 208242107 4,900 625,000 0 0 625,000 01 625,000 0 0 ConocoPhillips Common USD1.250 Com 20825C104 194 3,800 0 0 3,800 01 3,800 0 0 ConocoPhillips Common USD1.250 Com 20825C104 5,118 100,000 0 0 100,000 01 100,000 0 0 CONOCOPHILLIPS Com 20825C104 18,487 361,290 0 0 361,290 04 361,290 0 0 CONSOL ENERGY INC Com 20854P109 7,268 170,367 0 0 170,367 04 170,367 0 0 CONSOLIDATED EDISON INC Com 209115104 2,386 53,570 0 0 53,570 04 53,570 0 0 Consolidated Tomoka Land Common US Com 210226106 189 6,000 0 0 6,000 01 6,000 0 0 CONSTELLATION BRANDS INC-A Com 21036P108 386 23,500 0 0 23,500 04 23,500 0 0 CONSTELLATION ENERGY GROUP Com 210371100 123 3,500 0 0 3,500 04 3,500 0 0 CORNING INC Com 219350105 10,273 508,300 0 0 508,300 04 508,300 0 0 CORRECTIONS CORP OF AMERICA Com 22025Y407 618 31,100 0 0 31,100 04 31,100 0 0 COSTCO WHOLESALE CORP Com 22160K105 7,135 119,500 0 0 119,500 04 119,500 0 0 COVANCE INC Com 222816100 80 1,300 0 0 1,300 04 1,300 0 0 COVANTA HOLDING CORP Com 22282E102 1,449 87,000 0 0 87,000 04 87,000 0 0 COVENTRY HEALTH CARE INC Com 222862104 64 2,600 0 0 2,600 04 2,600 0 0 Covidien PLC Common USD0.20 Com G2554F105 32 640 0 0 640 01 640 0 0 COVIDIEN PLC Com G2554F105 5,181 103,050 0 0 103,050 04 103,050 0 0 CR BARD INC Com 067383109 4,919 56,790 0 0 56,790 04 56,790 0 0 --------- 81,342
Form 13F Information Table GAM Holding Ltd. Page 10 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CREDICORP LTD Com G2519Y108 725 8,223 0 0 8,223 04 8,223 0 0 Credicorp Ltd. Common USD5.00 Com G2519Y108 1,560 17,700 0 0 17,700 01 17,700 0 0 CREE INC Com 225447101 126 1,800 0 0 1,800 04 1,800 0 0 CROWN CASTLE INTL CORP Com 228227104 206 5,400 0 0 5,400 04 5,400 0 0 Crown Castle Intl. Corp. Common US Com 228227104 43 1,120 0 0 1,120 01 1,120 0 0 CROWN HOLDINGS INC Com 228368106 70 2,600 0 0 2,600 04 2,600 0 0 CSX CORP Com 126408103 1,919 37,700 0 0 37,700 04 37,700 0 0 CUMMINS INC Com 231021106 1,515 24,460 0 0 24,460 04 24,460 0 0 CVS CAREMARK CORP Com 126650100 12,485 341,485 0 0 341,485 04 341,485 0 0 CVS Caremark Corp. Common USD0.01 Com 126650100 3,092 84,550 0 0 84,550 02 01 84,550 0 0 DANAHER CORP Com 235851102 3,764 47,100 0 0 47,100 04 47,100 0 0 DARDEN RESTAURANTS INC Com 237194105 111 2,500 0 0 2,500 04 2,500 0 0 DEAN FOODS CO Com 242370104 681 43,400 0 0 43,400 04 43,400 0 0 Dean Foods Corp. Common USD0.01 Com 242370104 52 3,300 0 0 3,300 01 3,300 0 0 DECKERS OUTDOOR CORP Com 243537107 662 4,800 0 0 4,800 04 4,800 0 0 DEERE & CO Com 244199105 3,223 54,200 0 0 54,200 04 54,200 0 0 DELL INC Com 24702R101 4,527 301,600 0 0 301,600 04 301,600 0 0 Dell Inc. Common USD0.01 Com 24702R101 6,306 420,000 0 0 420,000 01 420,000 0 0 DELTA AIR LINES INC Com 247361702 894 61,300 0 0 61,300 04 61,300 0 0 DENBURY RESOURCES INC Com 247916208 2,168 128,487 0 0 128,487 04 128,487 0 0 DENDREON CORP Com 24823Q107 365 10,000 0 0 10,000 04 10,000 0 0 DENTSPLY INTERNATIONAL INC Com 249030107 798 22,900 0 0 22,900 04 22,900 0 0 DEVON ENERGY CORPORATION Com 25179M103 11,699 181,580 0 0 181,580 04 181,580 0 0 DEVRY INC Com 251893103 1,115 17,100 0 0 17,100 04 17,100 0 0 DIAMOND OFFSHORE DRILLING Com 25271C102 1,634 18,400 0 0 18,400 04 18,400 0 0 --------- 59,741
Form 13F Information Table GAM Holding Ltd. Page 11 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None DIAMONDROCK HOSPITALITY CO Com 252784301 326 32,243 0 0 32,243 04 32,243 0 0 Dick's Sporting Goods Inc. Com. US Com 253393102 47 1,780 0 0 1,780 01 1,780 0 0 DIODES INC Com 254543101 513 22,900 0 0 22,900 04 22,900 0 0 DIRECTV-CLASS A Com 25490A101 1,978 58,501 0 0 58,501 04 58,501 0 0 DIRECTV Class A Inc. Com. USD0.01 Com 25490A101 1,924 56,900 0 0 56,900 01 56,900 0 0 Direxion Daily Financial Bull 3X Com 25459W516 1,928 20,000 0 0 20,000 01 20,000 0 0 DISCOVERY COMMUNICATIONS-A Com 25470F104 78 2,300 0 0 2,300 04 2,300 0 0 DISCOVERY COMMUNICATIONS-C Com 25470F302 88 3,000 0 0 3,000 04 3,000 0 0 DISH NETWORK CORP-A Com 25470M109 73 3,500 0 0 3,500 04 3,500 0 0 DOMINION RESOURCES INC/VA Com 25746U109 3,893 94,700 0 0 94,700 04 94,700 0 0 DOVER CORP Com 260003108 1,089 23,300 0 0 23,300 04 23,300 0 0 DOW CHEMICAL Com 260543103 5,898 199,450 0 0 199,450 04 199,450 0 0 DR HORTON INC Com 23331A109 582 46,200 0 0 46,200 04 46,200 0 0 DR PEPPER SNAPPLE GROUP INC Com 26138E109 158 4,500 0 0 4,500 04 4,500 0 0 DST SYSTEMS INC Com 233326107 37 900 0 0 900 04 900 0 0 DTE ENERGY COMPANY Com 233331107 143 3,200 0 0 3,200 04 3,200 0 0 Du Pont (E.I.) de Nemours Common U Com 263534109 9,876 265,170 0 0 265,170 01 265,170 0 0 Du Pont (E.I.) de Nemours Common U Com 263534109 33,580 901,613 0 0 901,613 02 901,613 0 0 DU PONT (E.I.) DE NEMOURS Com 263534109 3,955 106,200 0 0 106,200 04 106,200 0 0 DUKE REALTY CORP Com 264411505 704 56,800 0 0 56,800 04 56,800 0 0 DUN & BRADSTREET CORP Com 26483E100 60 800 0 0 800 04 800 0 0 EASTMAN CHEMICAL COMPANY Com 277432100 280 4,400 0 0 4,400 04 4,400 0 0 Eastman Kodak Company Common USD2. Com 277461109 6,950 1,199,340 0 0 1,199,340 01 1,199,340 0 0 Eastman Kodak Company Common USD2. Com 277461109 23,288 4,019,245 0 0 4,019,245 02 4,019,245 0 0 EATON CORP Com 278058102 970 12,800 0 0 12,800 04 12,800 0 0 --------- 98,418
Form 13F Information Table GAM Holding Ltd. Page 12 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None EATON VANCE CORP Com 278265103 77 2,300 0 0 2,300 04 2,300 0 0 EBAY INC Com 278642103 5,620 208,530 0 0 208,530 04 208,530 0 0 Eclipsys Corporation Common USD0.0 Com 278856109 42 2,090 0 0 2,090 01 2,090 0 0 ECOLAB INC Com 278865100 1,068 24,300 0 0 24,300 04 24,300 0 0 EDISON INTERNATIONAL Com 281020107 1,893 55,400 0 0 55,400 04 55,400 0 0 EDUCATION REALTY TRUST INC Com 28140H104 114 19,800 0 0 19,800 04 19,800 0 0 EDWARDS LIFESCIENCES CORP Com 28176E108 119 1,200 0 0 1,200 04 1,200 0 0 EL PASO CORP Com 28336L109 1,778 164,000 0 0 164,000 04 164,000 0 0 EL Paso Corporation Common USD3.00 Com 28336L109 46,943 4,328,513 0 0 4,328,513 01 4,328,513 0 0 EL Paso Corporation Common USD3.00 Com 28336L109 94,557 8,719,708 0 0 8,719,708 02 8,719,708 0 0 ELECTRONIC ARTS INC Com 285512109 3,656 195,910 0 0 195,910 04 195,910 0 0 Electronic Arts Inc. Common USD0.0 Com 285512109 52 2,770 0 0 2,770 01 2,770 0 0 ELI LILLY & CO Com 532457108 4,166 115,020 0 0 115,020 04 115,020 0 0 EMC Corp/Mass Common USD0.01 Com 268648102 75 4,170 0 0 4,170 01 4,170 0 0 EMC CORP/MASS Com 268648102 5,793 321,120 0 0 321,120 04 321,120 0 0 EMDEON INC-CLASS A Com 29084T104 50 3,000 0 0 3,000 04 3,000 0 0 EMERSON ELECTRIC CO Com 291011104 7,686 152,680 0 0 152,680 04 152,680 0 0 Empresa Brasileira ADR (1 Rep 4 Or Com 29081M102 55 2,290 0 0 2,290 01 2,290 0 0 EMPRESA BRASILEIRA DE AE-ADR Com 29081M102 407 17,000 0 0 17,000 04 17,000 0 0 ENDO PHARMACEUT HLDGS INC Com 29264F205 315 13,310 0 0 13,310 04 13,310 0 0 ENERGIZER HOLDINGS INC Com 29266R108 1,352 21,550 0 0 21,550 04 21,550 0 0 ENERGY SELECT SECTOR SPDR Com 81369Y506 1,150 20,000 0 0 20,000 04 20,000 0 0 Enova Systems Inc. Ord. NPV Com 29355M200 688 453,305 0 0 453,305 01 453,305 0 0 Enova Systems Inc. Ord. NPV Com 29355M200 1,611 1,060,970 0 0 1,060,970 02 1,060,970 0 0 ENTERGY CORP Com 29364G103 1,920 23,600 0 0 23,600 04 23,600 0 0 --------- 181,186
Form 13F Information Table GAM Holding Ltd. Page 13 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None EOG RESOURCES INC Com 26875P101 2,286 24,600 0 0 24,600 04 24,600 0 0 EQUIFAX INC Com 294429105 90 2,500 0 0 2,500 04 2,500 0 0 EQUITY ONE INC Com 294752100 162 8,600 0 0 8,600 04 8,600 0 0 EQUITY RESIDENTIAL Com 29476L107 7,701 196,700 0 0 196,700 04 196,700 0 0 ESSEX PROPERTY TRUST INC Com 297178105 1,772 19,700 0 0 19,700 04 19,700 0 0 ESTEE LAUDER COMPANIES-CL A Com 518439104 3,140 48,400 0 0 48,400 04 48,400 0 0 EXELON CORP Com 30161N101 5,904 134,770 0 0 134,770 04 134,770 0 0 Exelon Corporation Common NPV Com 30161N101 4,097 93,520 0 0 93,520 02 01 93,520 0 0 EXPEDIA INC Com 30212P105 479 19,200 0 0 19,200 04 19,200 0 0 EXPEDITORS INTL WASH INC Com 302130109 151 4,100 0 0 4,100 04 4,100 0 0 EXPRESS SCRIPTS INC Com 302182100 1,223 12,020 0 0 12,020 04 12,020 0 0 EXXON MOBIL CORP Com 30231G102 52,706 786,898 0 0 786,898 04 786,898 0 0 Exxon Mobil Corp. Com. NPV Com 30231G102 302 4,510 0 0 4,510 01 4,510 0 0 FAMILY DOLLAR STORES Com 307000109 2,630 71,850 0 0 71,850 04 71,850 0 0 FASTENAL CO Com 311900104 761 15,850 0 0 15,850 04 15,850 0 0 FEDERAL REALTY INVS TRUST Com 313747206 3,895 53,500 0 0 53,500 04 53,500 0 0 Federated Investors Inc. Cls. B Co Com 314211103 59 2,220 0 0 2,220 01 2,220 0 0 FEDEX CORP Com 31428X106 6,155 65,900 0 0 65,900 04 65,900 0 0 FedEx Corporation Common USD0.10 Com 31428X106 31 330 0 0 330 01 330 0 0 FELCOR LODGING TRUST INC Com 31430F101 107 18,700 0 0 18,700 04 18,700 0 0 Ferro Corp. 6.5% Cv. 15-08-2013 Bond 315405AL4 1,935 2,000,000 0 0 2,000,000 01 2,000,000 0 0 FIFTH THIRD BANCORP Com 316773100 973 71,560 0 0 71,560 04 71,560 0 0 FINANCIAL SELECT SECTOR SPDR Com 81369Y605 13,625 853,140 0 0 853,140 04 853,140 0 0 FIRST AMERICAN CORPORATION Com 318522307 41 1,200 0 0 1,200 04 1,200 0 0 FIRST HORIZON NATIONAL CORP Com 320517105 613 43,637 0 0 43,637 04 43,637 0 0 --------- 110,838
Form 13F Information Table GAM Holding Ltd. Page 14 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None FIRST SOLAR INC Com 336433107 2,281 18,600 0 0 18,600 04 18,600 0 0 FIRSTENERGY CORP Com 337932107 985 25,200 0 0 25,200 04 25,200 0 0 FISERV INC Com 337738108 137 2,700 0 0 2,700 04 2,700 0 0 FLEXTRONICS INTL LTD Com Y2573F102 129 16,498 0 0 16,498 04 16,498 0 0 FLIR SYSTEMS INC Com 302445101 1,074 38,100 0 0 38,100 04 38,100 0 0 FLOWSERVE CORP Com 34354P105 3,584 32,500 0 0 32,500 04 32,500 0 0 FLUOR CORP Com 343412102 2,121 45,600 0 0 45,600 04 45,600 0 0 FMC CORP Com 302491303 67 1,100 0 0 1,100 04 1,100 0 0 FMC TECHNOLOGIES INC Com 30249U101 168 2,600 0 0 2,600 04 2,600 0 0 FORD MOTOR CO Com 345370860 1,175 93,500 0 0 93,500 04 93,500 0 0 FOREST LABORATORIES INC Com 345838106 2,285 72,860 0 0 72,860 04 72,860 0 0 FORTUNE BRANDS INC Com 349631101 626 12,900 0 0 12,900 04 12,900 0 0 FPL GROUP INC Com 302571104 5,638 116,650 0 0 116,650 04 116,650 0 0 FRANKLIN RESOURCES INC Com 354613101 2,928 26,400 0 0 26,400 04 26,400 0 0 Fred's Incorporated Class A Common Com 356108100 8,390 700,000 0 0 700,000 01 700,000 0 0 FREEPORT-MCMORAN COPPER Com 35671D857 20,252 242,424 0 0 242,424 04 242,424 0 0 FTI CONSULTING INC Com 302941109 118 3,000 0 0 3,000 04 3,000 0 0 GAMESTOP CORP-CLASS A Com 36467W109 932 42,520 0 0 42,520 04 42,520 0 0 GANNETT CO Com 364730101 811 49,110 0 0 49,110 04 49,110 0 0 GAP INC/THE Com 364760108 4,226 182,850 0 0 182,850 04 182,850 0 0 Gen-Probe Inc. Com. USD0.0001 Com 36866T103 48 950 0 0 950 01 950 0 0 GENERAL DYNAMICS CORP Com 369550108 8,816 114,200 0 0 114,200 04 114,200 0 0 GENERAL ELECTRIC CO Com 369604103 41,070 2,256,600 0 0 2,256,600 04 2,256,600 0 0 General Electric Co. Com. USD0.06 Com 369604103 5,746 315,894 0 0 315,894 01 315,894 0 0 General Electric Co. Com. USD0.06 Com 369604103 19,101 1,050,185 0 0 1,050,185 02 1,050,185 0 0 --------- 132,707
Form 13F Information Table GAM Holding Ltd. Page 15 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None GENERAL MILLS INC Com 370334104 1,133 16,000 0 0 16,000 04 16,000 0 0 General Mills Incorporated Com. US Com 370334104 18 250 0 0 250 01 250 0 0 GENTIVA HEALTH SERVICES Com 37247A102 325 11,500 0 0 11,500 04 11,500 0 0 GENUINE PARTS CO Com 372460105 3,413 80,800 0 0 80,800 04 80,800 0 0 GENWORTH FINANCIAL INC-CL A Com 37247D106 1,210 66,000 0 0 66,000 04 66,000 0 0 GENZYME CORP Com 372917104 6,774 130,700 0 0 130,700 04 130,700 0 0 Genzyme Corporation Common USD0.01 Com 372917104 50 960 0 0 960 01 960 0 0 Gerber Scientific Common USD1.00 Com 373730100 529 85,000 0 0 85,000 01 85,000 0 0 GERDAU SA -SPON ADR Com 373737105 2,492 152,899 0 0 152,899 04 152,899 0 0 GILEAD SCIENCES INC Com 375558103 10,754 236,450 0 0 236,450 04 236,450 0 0 GOLD FIELDS LTD-SPONS ADR Com 38059T106 7,039 557,800 0 0 557,800 04 557,800 0 0 GOLDMAN SACHS GROUP INC Com 38141G104 11,541 67,640 0 0 67,640 04 67,640 0 0 GOODRICH CORP Com 382388106 860 12,200 0 0 12,200 04 12,200 0 0 GOODYEAR TIRE & RUBBER CO Com 382550101 313 24,800 0 0 24,800 04 24,800 0 0 GOOGLE INC-CL A Com 38259P508 19,522 34,430 0 0 34,430 04 34,430 0 0 Google Incorporated Com. Cl A USD0 Com 38259P508 79 140 0 0 140 01 140 0 0 GREATER CHINA FUND Com 39167B102 2,790 230,546 0 0 230,546 04 230,546 0 0 Grupo Televisa SA-Sp ADR (1 Rep 5 Com 40049J206 45 2,160 0 0 2,160 01 2,160 0 0 H&R BLOCK INC Com 093671105 1,533 86,100 0 0 86,100 04 86,100 0 0 HALLIBURTON CO Com 406216101 3,715 123,300 0 0 123,300 04 123,300 0 0 HARLEY-DAVIDSON INC Com 412822108 909 32,400 0 0 32,400 04 32,400 0 0 HARMAN INTERNATIONAL Com 413086109 1,401 29,950 0 0 29,950 04 29,950 0 0 HARMONY GOLD MNG-SPON ADR Com 413216300 3,513 370,600 0 0 370,600 04 370,600 0 0 HARRIS CORP Com 413875105 5,875 123,700 0 0 123,700 04 123,700 0 0 HARSCO CORP Com 415864107 45 1,400 0 0 1,400 04 1,400 0 0 --------- 85,880
Form 13F Information Table GAM Holding Ltd. Page 16 of 39 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None HARTFORD FINANCIAL SVCS GRP Com 416515104 1,914 67,340 0 0 67,340 04 67,340 0 0 HASBRO INC Com 418056107 80 2,100 0 0 2,100 04 2,100 0 0 HCC INSURANCE HOLDINGS INC Com 404132102 3,803 137,800 0 0 137,800 04 137,800 0 0 HDFC BANK LTD-ADR Com 40415F101 279 2,000 0 0 2,000 04 2,000 0 0 HEALTH CARE REIT INC Com 42217K106 2,194 48,500 0 0 48,500 04 48,500 0 0 Heartland Express Inc. Com. USD0.0 Com 422347104 15 890 0 0 890 01 890 0 0 HELEN OF TROY LTD Com G4388N106 336 12,900 0 0 12,900 04 12,900 0 0 Helix Energy Solutions 3.25% Cv. 1 Bond 127914AB5 1,085 1,200,000 0 0 1,200,000 01 1,200,000 0 0 HELMERICH & PAYNE Com 423452101 2,171 57,000 0 0 57,000 04 57,000 0 0 HENRY SCHEIN INC Com 806407102 94 1,600 0 0 1,600 04 1,600 0 0 HERSHEY CO/THE Com 427866108 128 3,000 0 0 3,000 04 3,000 0 0 HESS CORP Com 42809H107 2,565 41,000 0 0 41,000 04 41,000 0 0 Hess Corporation Common USD1.00 Com 42809H107 86 1,380 0 0 1,380 01 1,380 0 0 HEWLETT-PACKARD CO Com 428236103 33,267 625,900 0 0 625,900 04 625,900 0 0 HJ HEINZ CO Com 423074103 2,591 56,800 0 0 56,800 04 56,800 0 0 HJ Heinz Co. Common USD0.25 Com 423074103 32 710 0 0 710 01 710 0 0 HOLOGIC INC Com 436440101 91 4,912 0 0 4,912 04 4,912 0 0 HOME DEPOT INC Com 437076102 9,610 297,055 0 0 297,055 04 297,055 0 0 Home Depot Incorporated Common USD Com 437076102 28 880 0 0 880 01 880 0 0 HOME PROPERTIES INC Com 437306103 459 9,800 0 0 9,800 04 9,800 0 0 HONEYWELL INTERNATIONAL INC Com 438516106 2,644 58,400 0 0 58,400 04 58,400 0 0 HORMEL FOODS CORP Com 440452100 59 1,400 0 0 1,400 04 1,400 0 0 HOSPIRA INC Com 441060100 159 2,800 0 0 2,800 04 2,800 0 0 HOST HOTELS & RESORTS INC Com 44107P104 5,642 385,110 0 0 385,110 04 385,110 0 0 HUDSON CITY BANCORP INC Com 443683107 1,134 80,100 0 0 80,100 04 80,100 0 0 --------- 70,464
Form 13F Information Table GAM Holding Ltd. Page 17 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None HUMAN GENOME SCIENCES INC Com 444903108 211 7,000 0 0 7,000 04 7,000 0 0 Human Genome Sciences Inc. Com. US Com 444903108 3,562 118,000 0 0 118,000 02 01 118,000 0 0 HUMANA INC Com 444859102 4,837 103,420 0 0 103,420 04 103,420 0 0 HUNT (JB) TRANSPRT SVCS INC Com 445658107 61 1,700 0 0 1,700 04 1,700 0 0 Hunt (JB) Transprt Svcs.Inc.Com. U Com 445658107 8 230 0 0 230 01 230 0 0 HUNTINGTON BANCSHARES INC Com 446150104 548 102,000 0 0 102,000 04 102,000 0 0 Huntsman Corporation Common USD0.0 Com 447011107 8,722 725,000 0 0 725,000 01 725,000 0 0 ICICI BANK LTD-SPON ADR Com 45104G104 427 10,000 0 0 10,000 04 10,000 0 0 ICU Medical Incorporated Common US Com 44930G107 3,446 100,000 0 0 100,000 01 100,000 0 0 IDEXX LABORATORIES INC Com 45168D104 288 5,000 0 0 5,000 04 5,000 0 0 IHS INC-CLASS A Com 451734107 43 800 0 0 800 04 800 0 0 ILLINOIS TOOL WORKS Com 452308109 2,264 47,800 0 0 47,800 04 47,800 0 0 ILLUMINA INC Com 452327109 1,523 39,150 0 0 39,150 04 39,150 0 0 INCYTE CORP Com 45337C102 209 15,000 0 0 15,000 04 15,000 0 0 INDIA FUND INC Com 454089103 1,262 40,000 0 0 40,000 04 40,000 0 0 Infinity Property & Casualty Commo Com 45665Q103 5,684 125,000 0 0 125,000 01 125,000 0 0 INFOSYS TECHNOLOGIES-SP ADR Com 456788108 3,542 60,200 0 0 60,200 04 60,200 0 0 INTEL CORP Com 458140100 37,130 1,668,033 0 0 1,668,033 04 1,668,033 0 0 Intel Corp. Com. USD0.001 Com 458140100 572 25,700 0 0 25,700 01 25,700 0 0 Intel Corp. Com. USD0.001 Com 458140100 7,146 320,880 0 0 320,880 02 01 320,880 0 0 INTERCONTINENTALEXCHANGE INC Com 45865V100 2,204 19,650 0 0 19,650 04 19,650 0 0 INTERMUNE INC Com 45884X103 539 12,100 0 0 12,100 04 12,100 0 0 INTERNATIONAL PAPER CO Com 460146103 1,654 67,200 0 0 67,200 04 67,200 0 0 International Paper Company Com. U Com 460146103 2,270 92,200 0 0 92,200 01 92,200 0 0 International Paper Company Com. U Com 460146103 7,560 307,100 0 0 307,100 02 307,100 0 0 --------- 95,713
Form 13F Information Table GAM Holding Ltd. Page 18 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None InterOil Corporation Common NPV Com 460951106 1,024 15,803 0 0 15,803 01 15,803 0 0 INTERPUBLIC GROUP OF COS INC Com 460690100 72 8,700 0 0 8,700 04 8,700 0 0 INTL BUSINESS MACHINES CORP Com 459200101 41,582 324,230 0 0 324,230 04 324,230 0 0 INTL FLAVORS & FRAGRANCES Com 459506101 72 1,500 0 0 1,500 04 1,500 0 0 INTL GAME TECHNOLOGY Com 459902102 751 40,700 0 0 40,700 04 40,700 0 0 Intl. Business Machines Corp. Com Com 459200101 11,096 86,500 0 0 86,500 01 86,500 0 0 Intl. Game Technology Com. USD0.00 Com 459902102 18 960 0 0 960 01 960 0 0 INTUIT INC Com 461202103 876 25,500 0 0 25,500 04 25,500 0 0 Inverness Med. Innovation Com. USD Com 46126P106 37 950 0 0 950 01 950 0 0 iPath S&P 500 VIX S/T Fut. ETN Com 06740C527 6,610 314,367 0 0 314,367 01 314,367 0 0 IRON MOUNTAIN INC Com 462846106 90 3,300 0 0 3,300 04 3,300 0 0 ISHARES BARCLAYS 1-3 YEAR TR Com 464287457 167 2,000 0 0 2,000 04 2,000 0 0 iShares Barclays 1-3Yr Treasury Id Com 464287457 5,003 60,000 0 0 60,000 01 60,000 0 0 iShares Barclays 1-3Yr Treasury Id Com 464287457 5,703 68,403 0 0 68,403 02 01 68,403 0 0 iShares DJ US Oil Equip. & Serv. I Com 464288844 4,581 104,260 0 0 104,260 01 104,260 0 0 iShares DJ US Oil Equip. & Serv. I Com 464288844 2,525 57,487 0 0 57,487 02 01 57,487 0 0 ISHARES DJ US REAL ESTATE Com 464287739 2,489 50,000 0 0 50,000 04 50,000 0 0 iShares FTSE/XINHUA China 25 Index Com 464287184 647 15,379 0 0 15,379 01 15,379 0 0 iShares FTSE/XINHUA China 25 Index Com 464287184 679 16,140 0 0 16,140 02 16,140 0 0 ISHARES FTSE/XINHUA CHINA 25 Com 464287184 3,345 79,460 0 0 79,460 04 79,460 0 0 ISHARES MSCI AUSTRALIA INDEX Com 464286103 722 30,110 0 0 30,110 04 30,110 0 0 iShares MSCI Brazil Index Fund Com 464286400 891 12,095 0 0 12,095 01 12,095 0 0 ISHARES MSCI BRAZIL Com 464286400 4,672 63,430 0 0 63,430 04 63,430 0 0 iShares MSCI Emerging Markets Inde Com 464287234 2,798 66,300 0 0 66,300 01 66,300 0 0 iShares MSCI Emerging Markets Inde Com 464287234 16,880 400,000 0 0 400,000 01 400,000 0 0 --------- 113,331
Form 13F Information Table GAM Holding Ltd. Page 19 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None ISHARES MSCI EMERGING MKT IN Com 464287234 23,197 550,745 0 0 550,745 04 550,745 0 0 iShares MSCI Hong Kong Index Fund Com 464286871 292 18,000 0 0 18,000 02 18,000 0 0 ISHARES MSCI HONG KONG INDEX Com 464286871 825 50,630 0 0 50,630 04 50,630 0 0 ISHARES MSCI MALAYSIA Com 464286830 2,781 238,100 0 0 238,100 04 238,100 0 0 ISHARES MSCI MEXICO INVESTAB Com 464286822 4,702 88,100 0 0 88,100 04 88,100 0 0 ISHARES MSCI PACIFIC EX JPN Com 464286665 11,648 270,950 0 0 270,950 04 270,950 0 0 iShares MSCI Singapore Index Fund Com 464286673 370 31,843 0 0 31,843 01 31,843 0 0 ISHARES MSCI SOUTH KOREA IND Com 464286772 7,675 153,500 0 0 153,500 04 153,500 0 0 iShares MSCI South Korea Index Fun Com 464286772 1,704 34,100 0 0 34,100 01 34,100 0 0 iShares MSCI South Korea Index Fun Com 464286772 2 30 0 0 30 01 30 0 0 ISHARES MSCI TAIWAN INDEX FD Com 464286731 4,809 383,170 0 0 383,170 04 383,170 0 0 iShares MSCI Taiwan Index Fund Com 464286731 17,146 1,365,675 0 0 1,365,675 01 1,365,675 0 0 iShares MSCI Taiwan Index Fund Com 464286731 1,959 156,000 0 0 156,000 02 156,000 0 0 iShares MSCI Turkey Inv. Market Id Com 464286715 582 10,165 0 0 10,165 01 10,165 0 0 ISHARES MSCI TURKEY INVSTBLE Com 464286715 4,785 83,500 0 0 83,500 04 83,500 0 0 ISHARES NASDAQ BIOTECH INDX Com 464287556 1,455 16,000 0 0 16,000 04 16,000 0 0 ISHARES S&P 500 GROWTH INDEX Com 464287309 7,790 130,000 0 0 130,000 04 130,000 0 0 iShares S&P 500 Index Fund Com 464287200 8,862 75,520 0 0 75,520 01 75,520 0 0 iShares S&P 500 Index Fund Com 464287200 5,216 44,450 0 0 44,450 02 01 44,450 0 0 ISHARES S&P GLBL ENERGY SECT Com 464287341 119 3,400 0 0 3,400 04 3,400 0 0 ISHARES S&P GLBL FINL SECTOR Com 464287333 290 6,150 0 0 6,150 04 6,150 0 0 ISHARES S&P GLBL TECH SECTOR Com 464287291 213 3,650 0 0 3,650 04 3,650 0 0 ISHARES S&P LATIN AMERICA 40 Com 464287390 145 3,000 0 0 3,000 04 3,000 0 0 Isilon Systems Inc. Common NPV Com 46432L104 860 100,000 0 0 100,000 01 100,000 0 0 ISIS PHARMACEUTICALS INC Com 464330109 109 10,000 0 0 10,000 04 10,000 0 0 --------- 107,536
Form 13F Information Table GAM Holding Ltd. Page 20 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None ITAU UNIBANCO HLDNG-PREF ADR Com 465562106 7,606 345,905 0 0 345,905 04 345,905 0 0 Itau Unibanco Pref. ADR (1Rep 1Pre Com 465562106 1,623 73,800 0 0 73,800 01 73,800 0 0 Itau Unibanco Pref. ADR (1Rep 1Pre Com 465562106 374 17,000 0 0 17,000 01 17,000 0 0 ITT CORP Com 450911102 1,774 33,100 0 0 33,100 04 33,100 0 0 ITT EDUCATIONAL SERVICES INC Com 45068B109 90 800 0 0 800 04 800 0 0 J.C. PENNEY CO INC Com 708160106 1,100 34,200 0 0 34,200 04 34,200 0 0 JACOBS ENGINEERING GROUP INC Com 469814107 7,115 157,440 0 0 157,440 04 157,440 0 0 JANUS CAPITAL GROUP INC Com 47102X105 1,429 100,000 0 0 100,000 04 100,000 0 0 JDS UNIPHASE CORP Com 46612J507 752 60,000 0 0 60,000 04 60,000 0 0 JDS Uniphase Corp. Common USD0.001 Com 46612J507 12,363 987,070 0 0 987,070 01 987,070 0 0 JDS Uniphase Corp. Common USD0.001 Com 46612J507 40,872 3,263,432 0 0 3,263,432 02 3,263,432 0 0 JEFFERIES GROUP INC (NEW) Com 472319102 47 2,000 0 0 2,000 04 2,000 0 0 JM SMUCKER CO/THE Com 832696405 139 2,302 0 0 2,302 04 2,302 0 0 Johnson & Johnson Common USD1.00 Com 478160104 404 6,200 0 0 6,200 01 6,200 0 0 Johnson & Johnson Common USD1.00 Com 478160104 50 770 0 0 770 01 770 0 0 JOHNSON & JOHNSON Com 478160104 41,630 638,490 0 0 638,490 04 638,490 0 0 JOHNSON CONTROLS INC Com 478366107 4,007 121,460 0 0 121,460 04 121,460 0 0 JOY GLOBAL INC Com 481165108 929 16,410 0 0 16,410 04 16,410 0 0 JPMORGAN CHASE & CO Com 46625H100 38,201 853,644 0 0 853,644 04 853,644 0 0 JUNIPER NETWORKS INC Com 48203R104 298 9,700 0 0 9,700 04 9,700 0 0 Juniper Networks Inc. Common USD0. Com 48203R104 3,618 118,000 0 0 118,000 01 118,000 0 0 Juniper Networks Inc. Common USD0. Com 48203R104 29 940 0 0 940 01 940 0 0 KB Financial Group ADR (1 Rep. 1 O Com 48241A105 846 17,650 0 0 17,650 01 17,650 0 0 KELLOGG CO Com 487836108 1,859 34,800 0 0 34,800 04 34,800 0 0 Kellogg Company Common USD0.25 Com 487836108 7 140 0 0 140 01 140 0 0 --------- 167,162
Form 13F Information Table GAM Holding Ltd. Page 21 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None KEYCORP Com 493267108 525 67,700 0 0 67,700 04 67,700 0 0 KIMBERLY-CLARK CORP Com 494368103 1,113 17,700 0 0 17,700 04 17,700 0 0 KIMCO REALTY CORP Com 49446R109 2,984 190,800 0 0 190,800 04 190,800 0 0 KINDER MORGAN MANAGEMENT LLC Com 49455U100 0 26,616 0 0 26,616 04 26,616 0 0 KINETIC CONCEPTS INC Com 49460W208 335 7,000 0 0 7,000 04 7,000 0 0 KING PHARMACEUTICALS INC Com 495582108 353 30,000 0 0 30,000 04 30,000 0 0 KLA-Tencor Corporation Common USD0 Com 482480100 15 470 0 0 470 01 470 0 0 KLA-TENCOR CORPORATION Com 482480100 705 22,800 0 0 22,800 04 22,800 0 0 Knight Transportation Inc. Com. US Com 499064103 16 760 0 0 760 01 760 0 0 KOHLS CORP Com 500255104 2,772 50,600 0 0 50,600 04 50,600 0 0 Kohls Corporation Com. USD0.01 Com 500255104 38 690 0 0 690 01 690 0 0 KOREA ELEC POWER CORP-SP ADR Com 500631106 1,752 107,910 0 0 107,910 04 107,910 0 0 KRAFT FOODS INC-CLASS A Com 50075N104 20,234 669,129 0 0 669,129 04 669,129 0 0 Kraft Foods Inc A NPV Com 50075N104 439 14,500 0 0 14,500 01 14,500 0 0 KROGER CO Com 501044101 1,752 80,900 0 0 80,900 04 80,900 0 0 Kroger Co. Common USD1.00 Com 501044101 29 1,360 0 0 1,360 01 1,360 0 0 KT CORP-SP ADR Com 48268K101 2,799 134,837 0 0 134,837 04 134,837 0 0 L-3 COMMUNICATIONS HOLDINGS Com 502424104 6,267 68,400 0 0 68,400 04 68,400 0 0 LABORATORY CRP OF AMER HLDGS Com 50540R409 3,656 48,290 0 0 48,290 04 48,290 0 0 LAM RESEARCH CORP Com 512807108 82 2,200 0 0 2,200 04 2,200 0 0 LANCASTER COLONY CORP Com 513847103 590 10,000 0 0 10,000 04 10,000 0 0 LAS VEGAS SANDS CORP Com 517834107 118 5,600 0 0 5,600 04 5,600 0 0 LASALLE HOTEL PROPERTIES Com 517942108 394 16,900 0 0 16,900 04 16,900 0 0 LATTICE SEMICONDUCTOR CORP Com 518415104 720 196,300 0 0 196,300 04 196,300 0 0 LEGG MASON INC Com 524901105 370 12,900 0 0 12,900 04 12,900 0 0 --------- 48,059
Form 13F Information Table GAM Holding Ltd. Page 22 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None LEGGETT & PLATT INC Com 524660107 483 22,300 0 0 22,300 04 22,300 0 0 LENDER PROCESSING SERVICES Com 52602E102 60 1,600 0 0 1,600 04 1,600 0 0 LENNAR CORP-CL A Com 526057104 516 30,000 0 0 30,000 04 30,000 0 0 LEUCADIA NATIONAL CORP Com 527288104 79 3,200 0 0 3,200 04 3,200 0 0 Level 3 Comm. 5.25% Cv. 15-12-2011 Bond 52729NBF6 1,223 1,250,000 0 0 1,250,000 01 1,250,000 0 0 Level 3 Communicat. 3.5% Cv. 15-06 Bond 52729NBK5 463 500,000 0 0 500,000 01 500,000 0 0 LEVEL 3 COMMUNICATIONS INC Com 52729N100 70 43,300 0 0 43,300 04 43,300 0 0 LEXMARK INTERNATIONAL INC-A Com 529771107 2,212 61,300 0 0 61,300 04 61,300 0 0 LIBERTY GLOBAL INC-A Com 530555101 58 2,000 0 0 2,000 04 2,000 0 0 LIBERTY GLOBAL INC-SERIES C Com 530555309 75 2,600 0 0 2,600 04 2,600 0 0 Liberty Global Inc. Srs. C Com. US Com 530555309 614 21,266 0 0 21,266 01 21,266 0 0 Liberty Media-Starz Srs A Com. USD Com 53071M708 139 2,548 0 0 2,548 01 2,548 0 0 LIBERTY MEDIA CORP-INTER A Com 53071M104 622 40,600 0 0 40,600 04 40,600 0 0 Liberty Media Holding Corp. 'A' US Com 53071M302 324 8,900 0 0 8,900 01 8,900 0 0 LIFE TECHNOLOGIES CORP Com 53217V109 1,015 19,409 0 0 19,409 04 19,409 0 0 LINCOLN NATIONAL CORP Com 534187109 1,244 40,520 0 0 40,520 04 40,520 0 0 LINEAR TECHNOLOGY CORP Com 535678106 1,816 64,200 0 0 64,200 04 64,200 0 0 LIZ CLAIBORNE INC Com 539320101 275 37,000 0 0 37,000 04 37,000 0 0 LOCKHEED MARTIN CORP Com 539830109 8,147 97,900 0 0 97,900 04 97,900 0 0 LOEWS CORP Com 540424108 265 7,099 0 0 7,099 04 7,099 0 0 Loews Corporation Common USD0.01 Com 540424108 637 17,100 0 0 17,100 01 17,100 0 0 Lowe's Companies Inc. Common USD0. Com 548661107 27 1,110 0 0 1,110 01 1,110 0 0 LOWE'S COS INC Com 548661107 6,210 256,200 0 0 256,200 04 256,200 0 0 LSB INDUSTRIES INC Com 502160104 1,524 100,000 0 0 100,000 04 100,000 0 0 LSI CORP Com 502161102 72 11,800 0 0 11,800 04 11,800 0 0 --------- 28,171
Form 13F Information Table GAM Holding Ltd. Page 23 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None LTD BRANDS INC Com 532716107 2,085 84,700 0 0 84,700 04 84,700 0 0 LUBRIZOL CORP Com 549271104 449 4,900 0 0 4,900 04 4,900 0 0 LULULEMON ATHLETICA INC Com 550021109 276 6,645 0 0 6,645 04 6,645 0 0 M & T BANK CORP Com 55261F104 103 1,300 0 0 1,300 04 1,300 0 0 MACERICH CO/THE Com 554382101 2,760 72,045 0 0 72,045 04 72,045 0 0 MACY'S INC Com 55616P104 594 27,300 0 0 27,300 04 27,300 0 0 MANPOWER INC Com 56418H100 74 1,300 0 0 1,300 04 1,300 0 0 MARATHON OIL CORP Com 565849106 13,220 417,810 0 0 417,810 04 417,810 0 0 MARKET VECTORS JR GOLD MINER Com 57060U589 129 5,000 0 0 5,000 04 5,000 0 0 Market Vectors Russia ETF Com 57060U506 544 15,855 0 0 15,855 01 15,855 0 0 MARRIOTT INTERNATIONAL-CL A Com 571903202 1,459 46,298 0 0 46,298 04 46,298 0 0 MARSH & MCLENNAN COS Com 571748102 2,767 113,300 0 0 113,300 04 113,300 0 0 MARSHALL & ILSLEY CORP Com 571837103 1,781 221,200 0 0 221,200 04 221,200 0 0 MARTIN MARIETTA MATERIALS Com 573284106 75 900 0 0 900 04 900 0 0 Marvell Tech. Group Ltd. Common US Com G5876H105 628 30,800 0 0 30,800 01 30,800 0 0 MARVELL TECHNOLOGY GROUP LTD Com G5876H105 1,011 49,600 0 0 49,600 04 49,600 0 0 MASCO CORP Com 574599106 1,504 96,900 0 0 96,900 04 96,900 0 0 MASSEY ENERGY CO Com 576206106 1,553 29,700 0 0 29,700 04 29,700 0 0 MASTERCARD INC-CLASS A Com 57636Q104 5,525 21,750 0 0 21,750 04 21,750 0 0 MATTEL INC Com 577081102 3,350 147,300 0 0 147,300 04 147,300 0 0 MAXIM INTEGRATED PRODUCTS Com 57772K101 107 5,500 0 0 5,500 04 5,500 0 0 MBIA INC Com 55262C100 470 75,000 0 0 75,000 04 75,000 0 0 MCAFEE INC Com 579064106 120 3,000 0 0 3,000 04 3,000 0 0 MCCORMICK & CO-NON VTG SHRS Com 579780206 81 2,100 0 0 2,100 04 2,100 0 0 MCDERMOTT INTL INC Com 580037109 108 4,000 0 0 4,000 04 4,000 0 0 --------- 40,772
Form 13F Information Table GAM Holding Ltd. Page 24 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None MCDONALD'S CORP Com 580135101 25,907 388,300 0 0 388,300 04 388,300 0 0 McDonald's Corporation Common USD0 Com 580135101 538 8,070 0 0 8,070 01 8,070 0 0 MCGRAW-HILL COMPANIES INC Com 580645109 1,857 52,100 0 0 52,100 04 52,100 0 0 MCKESSON CORP Com 58155Q103 1,636 24,900 0 0 24,900 04 24,900 0 0 McKesson Incorporated Common USD0. Com 58155Q103 5,984 91,060 0 0 91,060 02 01 91,060 0 0 MEAD JOHNSON NUTRITION CO Com 582839106 200 3,850 0 0 3,850 04 3,850 0 0 MEADWESTVACO CORP Com 583334107 82 3,200 0 0 3,200 04 3,200 0 0 MECHEL-SPONSORED ADR Com 583840103 5,330 187,527 0 0 187,527 04 187,527 0 0 MEDCO HEALTH SOLUTIONS INC Com 58405U102 4,745 73,500 0 0 73,500 04 73,500 0 0 MEDTRONIC INC Com 585055106 12,724 282,560 0 0 282,560 04 282,560 0 0 MEMC ELECTRONIC MATERIALS Com 552715104 2,243 146,300 0 0 146,300 04 146,300 0 0 Merck & Co. Inc. Common USD0.01 Com 58933Y105 20,620 552,215 0 0 552,215 01 552,215 0 0 Merck & Co. Inc. Common USD0.01 Com 58933Y105 66,676 1,785,796 0 0 1,785,796 02 1,785,796 0 0 MERCK & CO. INC. Com 58933Y105 26,085 698,389 0 0 698,389 04 698,389 0 0 METLIFE INC Com 59156R108 12,462 287,530 0 0 287,530 04 287,530 0 0 METROPCS COMMUNICATIONS INC Com 591708102 172 24,300 0 0 24,300 04 24,300 0 0 MEXICO FUND INC Com 592835102 2,156 83,915 0 0 83,915 04 83,915 0 0 MGM MIRAGE Com 552953101 60 5,000 0 0 5,000 04 5,000 0 0 MICROCHIP TECHNOLOGY INC Com 595017104 1,636 58,100 0 0 58,100 04 58,100 0 0 MICRON TECHNOLOGY INC Com 595112103 176 16,900 0 0 16,900 04 16,900 0 0 MICROS SYSTEMS INC Com 594901100 986 30,000 0 0 30,000 04 30,000 0 0 MICROSOFT CORP Com 594918104 54,184 1,851,180 0 0 1,851,180 04 1,851,180 0 0 Microsoft Corporation Com. USD0.00 Com 594918104 12,385 423,200 0 0 423,200 01 423,200 0 0 Microsoft Corporation Com. USD0.00 Com 594918104 47 1,590 0 0 1,590 01 1,590 0 0 MILLIPORE CORP Com 601073109 106 1,000 0 0 1,000 04 1,000 0 0 --------- 258,995
Form 13F Information Table GAM Holding Ltd. Page 25 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None MINDRAY MEDICAL INTL LTD-ADR Com 602675100 2,844 78,100 0 0 78,100 04 78,100 0 0 MIRANT CORP Com 60467R100 28 2,540 0 0 2,540 04 2,540 0 0 MOBILE TELESYSTEMS-SP ADR Com 607409109 10,413 187,623 0 0 187,623 04 187,623 0 0 Mobile Telesystems ADR (1 Rep. 5 O Com 607409109 1,672 30,100 0 0 30,100 01 30,100 0 0 MOHAWK INDUSTRIES INC Com 608190104 54 1,000 0 0 1,000 04 1,000 0 0 MOLEX INC Com 608554101 903 43,300 0 0 43,300 04 43,300 0 0 MOLSON COORS BREWING CO -B Com 60871R209 130 3,100 0 0 3,100 04 3,100 0 0 MoneyGram International USD0.01 Com 60935Y109 160 42,000 0 0 42,000 01 42,000 0 0 MONSANTO CO Com 61166W101 18,391 257,500 0 0 257,500 04 257,500 0 0 Monsanto Company Common USD0.01 Com 61166W101 365 5,116 0 0 5,116 01 5,116 0 0 Monsanto Company Common USD0.01 Com 61166W101 64 900 0 0 900 01 900 0 0 MOODY'S CORP Com 615369105 116 3,900 0 0 3,900 04 3,900 0 0 MORGAN STANLEY Com 617446448 4,261 145,480 0 0 145,480 04 145,480 0 0 MOSAIC CO/THE Com 61945A107 5,858 96,402 0 0 96,402 04 96,402 0 0 MOTOROLA INC Com 620076109 1,006 143,300 0 0 143,300 04 143,300 0 0 MURPHY OIL CORP Com 626717102 191 3,398 0 0 3,398 04 3,398 0 0 MYLAN INC Com 628530107 402 17,700 0 0 17,700 04 17,700 0 0 MYRIAD GENETICS INC Com 62855J104 180 7,500 0 0 7,500 04 7,500 0 0 NABORS INDUSTRIES LTD Com G6359F103 491 25,000 0 0 25,000 04 25,000 0 0 NASDAQ OMX GROUP/THE Com 631103108 2,010 95,160 0 0 95,160 04 95,160 0 0 NATIONAL OILWELL VARCO INC Com 637071101 3,953 97,404 0 0 97,404 04 97,404 0 0 NATIONAL SEMICONDUCTOR CORP Com 637640103 643 44,500 0 0 44,500 04 44,500 0 0 NBTY INC Com 628782104 523 10,900 0 0 10,900 04 10,900 0 0 NET SERVICOS DE COM-PR ADR Com 64109T201 389 30,000 0 0 30,000 04 30,000 0 0 NETAPP INC Com 64110D104 192 5,900 0 0 5,900 04 5,900 0 0 --------- 55,239
Form 13F Information Table GAM Holding Ltd. Page 26 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None NETFLIX INC Com 64110L106 1,032 14,000 0 0 14,000 04 14,000 0 0 NETGEAR INC Com 64111Q104 470 18,000 0 0 18,000 04 18,000 0 0 New Oriental Education ADR (1 rep Com 647581107 599 7,000 0 0 7,000 01 7,000 0 0 NEW YORK COMMUNITY BANCORP Com 649445103 116 7,000 0 0 7,000 04 7,000 0 0 NEW YORK TIMES CO -CL A Com 650111107 1,310 117,720 0 0 117,720 04 117,720 0 0 NEWELL RUBBERMAID INC Com 651229106 68 4,500 0 0 4,500 04 4,500 0 0 NEWFIELD EXPLORATION CO Com 651290108 380 7,300 0 0 7,300 04 7,300 0 0 NEWMONT MINING CORP Com 651639106 13,622 267,472 0 0 267,472 04 267,472 0 0 NEWS CORP-CL A Com 65248E104 9,687 672,250 0 0 672,250 04 672,250 0 0 News Corp-Class B Com. USD0.01 Com 65248E203 6,660 391,909 0 0 391,909 02 01 391,909 0 0 NEWS CORP-CLASS B Com 65248E203 146 8,600 0 0 8,600 04 8,600 0 0 NII HOLDINGS INC Com 62913F201 5,636 135,280 0 0 135,280 04 135,280 0 0 NIKE INC -CL B Com 654106103 11,771 160,150 0 0 160,150 04 160,150 0 0 NISOURCE INC Com 65473P105 1,017 64,380 0 0 64,380 04 64,380 0 0 NOBLE ENERGY INC Com 655044105 816 11,180 0 0 11,180 04 11,180 0 0 Nokia Corp-Spon ADR NPV (1 Rep. 1 Com 654902204 34 2,200 0 0 2,200 01 2,200 0 0 Nordstrom Inc Common NPV Com 655664100 43 1,050 0 0 1,050 01 1,050 0 0 NORDSTROM INC Com 655664100 2,659 65,100 0 0 65,100 04 65,100 0 0 NORFOLK SOUTHERN CORP Com 655844108 3,124 55,900 0 0 55,900 04 55,900 0 0 NORTHEAST UTILITIES Com 664397106 83 3,000 0 0 3,000 04 3,000 0 0 NORTHERN TRUST CORP Com 665859104 4,063 73,530 0 0 73,530 04 73,530 0 0 Northern Trust Corp. Com. USD1.667 Com 665859104 46 840 0 0 840 01 840 0 0 NORTHROP GRUMMAN CORP Com 666807102 367 5,600 0 0 5,600 04 5,600 0 0 NOVELLUS SYSTEMS INC Com 670008101 500 20,000 0 0 20,000 04 20,000 0 0 NSTAR Com 67019E107 78 2,200 0 0 2,200 04 2,200 0 0 --------- 64,330
Form 13F Information Table GAM Holding Ltd. Page 27 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None NU SKIN ENTERPRISES INC - A Com 67018T105 582 20,000 0 0 20,000 04 20,000 0 0 NUANCE COMMUNICATIONS INC Com 67020Y100 50 3,000 0 0 3,000 04 3,000 0 0 NUCOR CORP Com 670346105 1,534 33,800 0 0 33,800 04 33,800 0 0 NVIDIA CORP Com 67066G104 2,707 155,750 0 0 155,750 04 155,750 0 0 NYSE EURONEXT Com 629491101 2,878 97,210 0 0 97,210 04 97,210 0 0 O'REILLY AUTOMOTIVE INC Com 686091109 108 2,600 0 0 2,600 04 2,600 0 0 OCCIDENTAL PETROLEUM CORP Com 674599105 18,032 213,300 0 0 213,300 04 213,300 0 0 OCEANEERING INTL INC Com 675232102 387 6,100 0 0 6,100 04 6,100 0 0 Oil Service HOLDRS Trust Com 678002106 9,811 80,000 0 0 80,000 01 80,000 0 0 OIL SERVICES HOLDRS TRUST Com 678002106 1,471 12,000 0 0 12,000 04 12,000 0 0 OLD REPUBLIC INTL CORP Com 680223104 46 3,600 0 0 3,600 04 3,600 0 0 OMNICARE INC Com 681904108 68 2,400 0 0 2,400 04 2,400 0 0 OMNICOM GROUP Com 681919106 2,938 75,700 0 0 75,700 04 75,700 0 0 On Semiconductor Corp. Com. USD0.0 Com 682189105 1,150 143,750 0 0 143,750 01 143,750 0 0 ONEOK INC Com 682680103 110 2,400 0 0 2,400 04 2,400 0 0 ONYX PHARMACEUTICALS INC Com 683399109 333 11,000 0 0 11,000 04 11,000 0 0 ORACLE CORP Com 68389X105 25,307 985,100 0 0 985,100 04 985,100 0 0 Oracle Corporation Common USD0.01 Com 68389X105 763 29,700 0 0 29,700 01 29,700 0 0 Oracle Corporation Common USD0.01 Com 68389X105 3,584 139,530 0 0 139,530 02 01 139,530 0 0 OSI PHARMACEUTICALS INC Com 671040103 298 5,000 0 0 5,000 04 5,000 0 0 OWENS-ILLINOIS INC Com 690768403 103 2,900 0 0 2,900 04 2,900 0 0 P G & E CORP Com 69331C108 2,409 56,800 0 0 56,800 04 56,800 0 0 PACCAR INC Com 693718108 270 6,225 0 0 6,225 04 6,225 0 0 PACTIV CORPORATION Com 695257105 60 2,400 0 0 2,400 04 2,400 0 0 PALL CORP Com 696429307 85 2,100 0 0 2,100 04 2,100 0 0 --------- 75,085
Form 13F Information Table GAM Holding Ltd. Page 28 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Pall Corp. Common USD0.10 Com 696429307 31 770 0 0 770 01 770 0 0 PARKER HANNIFIN CORP Com 701094104 2,764 42,690 0 0 42,690 04 42,690 0 0 PATRIOT COAL CORP Com 70336T104 18 900 0 0 900 04 900 0 0 PATTERSON COS INC Com 703395103 534 17,210 0 0 17,210 04 17,210 0 0 PAYCHEX INC Com 704326107 184 6,000 0 0 6,000 04 6,000 0 0 Paychex Inc. Common USD0.01 Com 704326107 29 930 0 0 930 01 930 0 0 PEABODY ENERGY CORP Com 704549104 11,099 242,861 0 0 242,861 04 242,861 0 0 Penske Auto Group Inc. Common USD0 Com 70959W103 4,331 300,000 0 0 300,000 01 300,000 0 0 PENTAIR INC Com 709631105 50 1,400 0 0 1,400 04 1,400 0 0 PEOPLE'S UNITED FINANCIAL Com 712704105 122 7,800 0 0 7,800 04 7,800 0 0 PEPCO HOLDINGS INC Com 713291102 87 5,100 0 0 5,100 04 5,100 0 0 PEPSICO INC Com 713448108 31,925 482,543 0 0 482,543 04 482,543 0 0 PepsiCo Incorporated Com. USD0.017 Com 713448108 1,471 22,230 0 0 22,230 02 01 22,230 0 0 PERKINELMER INC Com 714046109 956 40,000 0 0 40,000 04 40,000 0 0 PerkinElmer Incorporated Common US Com 714046109 30 1,240 0 0 1,240 01 1,240 0 0 PERRIGO CO Com 714290103 94 1,600 0 0 1,600 04 1,600 0 0 PETROHAWK ENERGY CORP Com 716495106 1,535 75,700 0 0 75,700 04 75,700 0 0 Petrohawk Energy Corp. Common USD0 Com 716495106 5,572 275,000 0 0 275,000 01 275,000 0 0 PETROLEO BRASILEIRO-SPON ADR Com 71654V101 8,662 218,800 0 0 218,800 04 218,800 0 0 PETROLEO BRASILEIRO S.A.-ADR Com 71654V408 8,950 201,150 0 0 201,150 04 201,150 0 0 Petroleo Brasileiro SA ADR (1 Rep Com 71654V408 1,869 42,000 0 0 42,000 01 42,000 0 0 Petroleo Brasileiro SA ADR (1 Rep Com 71654V408 352 7,900 0 0 7,900 01 7,900 0 0 PETSMART INC Com 716768106 70 2,200 0 0 2,200 04 2,200 0 0 PFIZER INC Com 717081103 49,348 2,877,426 0 0 2,877,426 04 2,877,426 0 0 Pfizer Incorporated Common USD0.05 Com 717081103 16,845 981,905 0 0 981,905 01 981,905 0 0 --------- 146,927
Form 13F Information Table GAM Holding Ltd. Page 29 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Pfizer Incorporated Common USD0.05 Com 717081103 39,984 2,330,892 0 0 2,330,892 02 2,330,892 0 0 PHARMACEUTICAL PRODUCT DEVEL Com 717124101 43 1,800 0 0 1,800 04 1,800 0 0 Philip Morris International Com. N Com 718172109 1,043 20,000 0 0 20,000 01 20,000 0 0 Philip Morris International Com. N Com 718172109 174 3,340 0 0 3,340 01 3,340 0 0 PHILIP MORRIS INTERNATIONAL Com 718172109 17,900 343,180 0 0 343,180 04 343,180 0 0 PIONEER NATURAL RESOURCES CO Com 723787107 865 15,360 0 0 15,360 04 15,360 0 0 PIPER JAFFRAY COS Com 724078100 2 43 0 0 43 04 43 0 0 PITNEY BOWES INC Com 724479100 95 3,900 0 0 3,900 04 3,900 0 0 PLAINS EXPLORATION & PRODUCT Com 726505100 504 16,800 0 0 16,800 04 16,800 0 0 Platinum Underwriters Hldgs. Ltd. Com G7127P100 54 1,452 0 0 1,452 01 1,452 0 0 PLUM CREEK TIMBER CO Com 729251108 125 3,200 0 0 3,200 04 3,200 0 0 PNC FINANCIAL SERVICES GROUP Com 693475105 3,212 53,806 0 0 53,806 04 53,806 0 0 POLO RALPH LAUREN CORP Com 731572103 3,954 46,500 0 0 46,500 04 46,500 0 0 POSCO-ADR Com 693483109 176 1,500 0 0 1,500 04 1,500 0 0 Posco ADR (1 Rep. 0.25 Ord.) Com 693483109 1,048 8,950 0 0 8,950 01 8,950 0 0 POST PROPERTIES INC Com 737464107 720 32,700 0 0 32,700 04 32,700 0 0 Power-One Incorporated Common USD0 Com 739308104 8,410 2,000,000 0 0 2,000,000 01 2,000,000 0 0 POWER INTEGRATIONS INC Com 739276103 354 8,600 0 0 8,600 04 8,600 0 0 Powershares DB Gold Fund Com 73936B606 4,396 110,713 0 0 110,713 01 110,713 0 0 Powershares DB Gold Fund Com 73936B606 4,960 124,914 0 0 124,914 02 01 124,914 0 0 Powershares DB US Dollar Index Bul Com 73936D107 4,471 187,907 0 0 187,907 01 187,907 0 0 POWERSHARES QQQ Com 73935A104 964 20,000 0 0 20,000 04 20,000 0 0 PPG INDUSTRIES INC Com 693506107 216 3,300 0 0 3,300 04 3,300 0 0 PRAXAIR INC Com 74005P104 5,395 65,000 0 0 65,000 04 65,000 0 0 PRECISION CASTPARTS CORP Com 740189105 2,541 20,053 0 0 20,053 04 20,053 0 0 --------- 101,607
Form 13F Information Table GAM Holding Ltd. Page 30 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None PRIDE INTERNATIONAL INC Com 74153Q102 3,752 124,600 0 0 124,600 04 124,600 0 0 PRINCIPAL FINANCIAL GROUP Com 74251V102 184 6,300 0 0 6,300 04 6,300 0 0 PROCTER & GAMBLE CO/THE Com 742718109 40,037 632,792 0 0 632,792 04 632,792 0 0 Procter & Gamble Common NPV Com 742718109 456 7,200 0 0 7,200 01 7,200 0 0 PROGRESS ENERGY INC Com 743263105 1,585 40,274 0 0 40,274 04 40,274 0 0 PROGRESSIVE CORP Com 743315103 1,382 72,400 0 0 72,400 04 72,400 0 0 Progressive Corp. Common USD1.00 Com 743315103 68 3,560 0 0 3,560 01 3,560 0 0 PROLOGIS Com 743410102 2,398 181,700 0 0 181,700 04 181,700 0 0 PROSHARES ULTRASHORT FINANCI Com 74347R628 4,423 230,000 0 0 230,000 04 230,000 0 0 PROSHARES ULTRASHORT RUSSELL Com 74347R834 4,729 230,000 0 0 230,000 04 230,000 0 0 PRUDENTIAL FINANCIAL INC Com 744320102 5,782 95,567 0 0 95,567 04 95,567 0 0 PS BUSINESS PARKS INC/CA Com 69360J107 264 4,940 0 0 4,940 04 4,940 0 0 PUBLIC STORAGE Com 74460D109 7,543 82,000 0 0 82,000 04 82,000 0 0 PULTE GROUP INC Com 745867101 1,644 146,100 0 0 146,100 04 146,100 0 0 QLOGIC CORP Com 747277101 812 40,000 0 0 40,000 04 40,000 0 0 QUALCOMM INC Com 747525103 13,052 310,840 0 0 310,840 04 310,840 0 0 QUANTA SERVICES INC Com 74762E102 5,800 302,700 0 0 302,700 04 302,700 0 0 Quest Diagnostics Inc. Common USD0 Com 74834L100 48 820 0 0 820 01 820 0 0 QUEST DIAGNOSTICS Com 74834L100 1,859 31,900 0 0 31,900 04 31,900 0 0 QUIMICA Y MINERA CHIL-SP ADR Com 833635105 2,692 72,000 0 0 72,000 04 72,000 0 0 QWEST COMMUNICATIONS INTL Com 749121109 163 31,200 0 0 31,200 04 31,200 0 0 R.R. Donnelley & Sons Co. Comm. US Com 257867101 4,271 200,000 0 0 200,000 01 200,000 0 0 RALCORP HOLDINGS INC Com 751028101 75 1,100 0 0 1,100 04 1,100 0 0 RANDGOLD RESOURCES LTD-ADR Com 752344309 1,663 21,650 0 0 21,650 04 21,650 0 0 RANGE RESOURCES CORP Com 75281A109 1,069 22,800 0 0 22,800 04 22,800 0 0 --------- 105,750
Form 13F Information Table GAM Holding Ltd. Page 31 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None RAYTHEON COMPANY Com 755111507 2,690 47,100 0 0 47,100 04 47,100 0 0 RED HAT INC Com 756577102 94 3,200 0 0 3,200 04 3,200 0 0 REGENCY CENTERS CORP Com 758849103 2,518 67,200 0 0 67,200 04 67,200 0 0 REGENERON PHARMACEUTICALS Com 75886F107 265 10,000 0 0 10,000 04 10,000 0 0 REGIONS FINANCIAL CORP Com 7591EP100 3,512 447,353 0 0 447,353 04 447,353 0 0 REGIS CORP Com 758932107 704 37,670 0 0 37,670 04 37,670 0 0 REPUBLIC SERVICES INC Com 760759100 785 27,035 0 0 27,035 04 27,035 0 0 Retalix Limited ILS1.00 Com M8215W109 410 29,021 0 0 29,021 01 29,021 0 0 RIO TINTO PLC-SPON ADR Com 767204100 310 1,310 0 0 1,310 04 1,310 0 0 ROBERT HALF INTL INC Com 770323103 1,290 42,400 0 0 42,400 04 42,400 0 0 ROCKWELL AUTOMATION INC Com 773903109 152 2,700 0 0 2,700 04 2,700 0 0 ROCKWELL COLLINS INC. Com 774341101 175 2,800 0 0 2,800 04 2,800 0 0 ROPER INDUSTRIES INC Com 776696106 393 6,800 0 0 6,800 04 6,800 0 0 ROSS STORES INC Com 778296103 4,508 84,300 0 0 84,300 04 84,300 0 0 ROWAN COMPANIES INC Com 779382100 3,156 108,400 0 0 108,400 04 108,400 0 0 Royal Bank of Scot. 6.125% Pfd. Pe Pref 780097747 284 22,500 0 0 22,500 04 22,500 0 0 Royal Bk. of Scot. Grp. 6.4% Pfd. Pref 780097796 188 14,800 0 0 14,800 04 14,800 0 0 RR DONNELLEY & SONS CO Com 257867101 75 3,500 0 0 3,500 04 3,500 0 0 Ryanair Holdings PLC ADR (1 rep. 5 Com 783513104 59 2,170 0 0 2,170 01 2,170 0 0 RYDER SYSTEM INC Com 783549108 388 10,000 0 0 10,000 04 10,000 0 0 SAFEWAY INC Com 786514208 2,418 97,250 0 0 97,250 04 97,250 0 0 Safeway Inc. Common USD0.01 Com 786514208 2,794 112,400 0 0 112,400 01 112,400 0 0 Safeway Inc. Common USD0.01 Com 786514208 9,511 382,600 0 0 382,600 02 382,600 0 0 Safeway Inc. Common USD0.01 Com 786514208 34 1,370 0 0 1,370 01 1,370 0 0 SAKS INC Com 79377W108 841 97,790 0 0 97,790 04 97,790 0 0 --------- 37,552
Form 13F Information Table GAM Holding Ltd. Page 32 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None SALESFORCE.COM INC Com 79466L302 156 2,100 0 0 2,100 04 2,100 0 0 SANDISK CORP Com 80004C101 1,565 45,200 0 0 45,200 04 45,200 0 0 SAP AG Sponsored ADR (1 ADR rep. 1 Com 803054204 45 930 0 0 930 01 930 0 0 SARA LEE CORP Com 803111103 6,245 448,300 0 0 448,300 04 448,300 0 0 Sara Lee Corporation Common USD0.0 Com 803111103 22,190 1,592,426 0 0 1,592,426 01 1,592,426 0 0 Sara Lee Corporation Common USD0.0 Com 803111103 73,826 5,298,223 0 0 5,298,223 02 5,298,223 0 0 SBA COMMUNICATIONS CORP-CL A Com 78388J106 54 1,500 0 0 1,500 04 1,500 0 0 SCHLUMBERGER LTD Com 806857108 13,994 220,510 0 0 220,510 04 220,510 0 0 Schlumberger Ltd. Com. USD0.01 Com 806857108 37 580 0 0 580 01 580 0 0 SCHWAB (CHARLES) CORP Com 808513105 4,030 215,600 0 0 215,600 04 215,600 0 0 SCRIPPS NETWORKS INTER-CL A Com 811065101 84 1,900 0 0 1,900 04 1,900 0 0 Seagate Technology Com. USD0.00001 Com G7945J104 3,560 195,000 0 0 195,000 01 195,000 0 0 SEAGATE TECHNOLOGY Com G7945J104 630 34,500 0 0 34,500 04 34,500 0 0 SEALED AIR CORP Com 81211K100 53 2,500 0 0 2,500 04 2,500 0 0 SEARS HOLDINGS CORP Com 812350106 98 900 0 0 900 04 900 0 0 SEI INVESTMENTS COMPANY Com 784117103 51 2,300 0 0 2,300 04 2,300 0 0 SEMPRA ENERGY Com 816851109 4,476 89,700 0 0 89,700 04 89,700 0 0 Shanda Interact. Spon ADR (1 Rep 2 Com 81941Q203 21 470 0 0 470 01 470 0 0 SHAW GROUP INC Com 820280105 1,033 30,000 0 0 30,000 04 30,000 0 0 Sherwin-Williams Co. Common USD1.0 Com 824348106 41 600 0 0 600 01 600 0 0 SHERWIN-WILLIAMS CO/THE Com 824348106 812 12,000 0 0 12,000 04 12,000 0 0 SIGMA-ALDRICH Com 826552101 3,316 61,800 0 0 61,800 04 61,800 0 0 SIMON PROPERTY GROUP INC Com 828806109 17,594 209,699 0 0 209,699 04 209,699 0 0 Sirius Xm Radio 3.25% Cnv. 15-10-2 Bond 82966UAD5 239 250,000 0 0 250,000 01 250,000 0 0 SK TELECOM CO LTD-ADR Com 78440P108 2,184 126,517 0 0 126,517 04 126,517 0 0 --------- 156,331
Form 13F Information Table GAM Holding Ltd. Page 33 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None SK Telecom Co. Ltd. ADR (9 rep. 1 Com 78440P108 45 2,610 0 0 2,610 01 2,610 0 0 SKECHERS USA INC-CL A Com 830566105 374 10,300 0 0 10,300 04 10,300 0 0 SL GREEN REALTY CORP Com 78440X101 1,128 19,700 0 0 19,700 04 19,700 0 0 SLM CORP Com 78442P106 1,011 80,750 0 0 80,750 04 80,750 0 0 SMITH INTERNATIONAL INC Com 832110100 193 4,500 0 0 4,500 04 4,500 0 0 SOHU.COM INC Com 83408W103 284 5,200 0 0 5,200 04 5,200 0 0 SOLUTIA INC Com 834376501 348 21,600 0 0 21,600 04 21,600 0 0 SOUTHERN CO Com 842587107 1,482 44,700 0 0 44,700 04 44,700 0 0 SOUTHERN COPPER CORP Com 84265V105 6,760 213,441 0 0 213,441 04 213,441 0 0 SOUTHWEST AIRLINES CO Com 844741108 1,359 102,800 0 0 102,800 04 102,800 0 0 Southwest Airlines Co. Common USD1 Com 844741108 59 4,430 0 0 4,430 01 4,430 0 0 SPDR GOLD TRUST Com 78463V107 763 7,000 0 0 7,000 04 7,000 0 0 SPDR Gold Trust Com 78463V107 436 4,000 0 0 4,000 01 4,000 0 0 SPDR S&P 500 ETF TRUST Com 78462F103 6,382 54,550 0 0 54,550 04 54,550 0 0 SPDR Trust Unit Series 1 Com 78462F103 25,488 217,899 0 0 217,899 01 217,899 0 0 SPDR Trust Unit Series 1 Com 78462F103 14,148 120,957 0 0 120,957 02 01 120,957 0 0 SPIRIT AEROSYSTEMS HOLD-CL A Com 848574109 444 19,000 0 0 19,000 04 19,000 0 0 SPRINT NEXTEL CORP Com 852061100 790 207,800 0 0 207,800 04 207,800 0 0 Sprint Nextel Corp. Common USD2.00 Com 852061100 6,719 1,765,911 0 0 1,765,911 01 1,765,911 0 0 Sprint Nextel Corp. Common USD2.00 Com 852061100 22,942 6,030,881 0 0 6,030,881 02 6,030,881 0 0 SPX CORP Com 784635104 66 1,000 0 0 1,000 04 1,000 0 0 ST JUDE MEDICAL INC Com 790849103 3,512 85,550 0 0 85,550 04 85,550 0 0 St. Joe Corporation Common NPV Com 790148100 3,458 106,830 0 0 106,830 02 01 106,830 0 0 STAPLES INC Com 855030102 1,015 43,400 0 0 43,400 04 43,400 0 0 STARBUCKS CORP Com 855244109 3,583 147,635 0 0 147,635 04 147,635 0 0 --------- 102,789
Form 13F Information Table GAM Holding Ltd. Page 34 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None STARWOOD HOTELS & RESORTS Com 85590A401 5,266 112,900 0 0 112,900 04 112,900 0 0 STATE STREET CORP Com 857477103 2,440 54,062 0 0 54,062 04 54,062 0 0 STERICYCLE INC Com 858912108 71 1,300 0 0 1,300 04 1,300 0 0 Stewart Enterprise 3.125% Cv. 15-0 Bond 860370AH8 90 100,000 0 0 100,000 01 100,000 0 0 STILLWATER MINING CO Com 86074Q102 4,374 336,950 0 0 336,950 04 336,950 0 0 STRYKER CORP Com 863667101 11,038 192,910 0 0 192,910 04 192,910 0 0 Successfactors Inc. Com. USD0.001 Com 864596101 1,143 60,000 0 0 60,000 01 60,000 0 0 SUN COMMUNITIES INC Com 866674104 113 4,500 0 0 4,500 04 4,500 0 0 SUNOCO INC Com 86764P109 1,248 42,000 0 0 42,000 04 42,000 0 0 SUNPOWER CORP-CLASS A Com 867652109 248 13,100 0 0 13,100 04 13,100 0 0 SUNPOWER CORP-CLASS B Com 867652307 13 772 0 0 772 04 772 0 0 SUNTRUST BANKS INC Com 867914103 2,588 96,600 0 0 96,600 04 96,600 0 0 SUPERVALU INC Com 868536103 63 3,800 0 0 3,800 04 3,800 0 0 SYMANTEC CORP Com 871503108 2,060 121,740 0 0 121,740 04 121,740 0 0 Synalloy Corporation Common USD1.0 Com 871565107 273 33,750 0 0 33,750 01 33,750 0 0 SYNOPSYS INC Com 871607107 69 3,100 0 0 3,100 04 3,100 0 0 SYSCO CORP Com 871829107 1,430 48,460 0 0 48,460 04 48,460 0 0 T ROWE PRICE GROUP INC Com 74144T108 258 4,700 0 0 4,700 04 4,700 0 0 TAIWAN FUND INC Com 874036106 6,784 485,272 0 0 485,272 04 485,272 0 0 Taiwan Semi. - SP ADR (1 Rep 5 Ord Com 874039100 590 56,200 0 0 56,200 01 56,200 0 0 Taiwan Semi. - SP ADR (1 Rep 5 Ord Com 874039100 471 44,923 0 0 44,923 01 44,923 0 0 TAIWAN SEMICONDUCTOR-SP ADR Com 874039100 1,565 149,161 0 0 149,161 04 149,161 0 0 TANGER FACTORY OUTLET CENTER Com 875465106 401 9,300 0 0 9,300 04 9,300 0 0 TARGET CORP Com 87612E106 6,015 114,350 0 0 114,350 04 114,350 0 0 TECHNOLOGY SELECT SECT SPDR Com 81369Y803 346 15,000 0 0 15,000 04 15,000 0 0 --------- 48,956
Form 13F Information Table GAM Holding Ltd. Page 35 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None TECO ENERGY INC Com 872375100 435 27,390 0 0 27,390 04 27,390 0 0 TELE NORTE LESTE PART-ADR Com 879246106 883 50,000 0 0 50,000 04 50,000 0 0 TELEPHONE AND DATA SYSTEMS Com 879433100 27 800 0 0 800 04 800 0 0 Tellabs Incorporated Common USD0.0 Com 879664100 8,570 1,131,370 0 0 1,131,370 01 1,131,370 0 0 Tellabs Incorporated Common USD0.0 Com 879664100 28,677 3,786,233 0 0 3,786,233 02 3,786,233 0 0 Tenet Healthcare Corp. Com. USD0.0 Com 88033G100 857 150,000 0 0 150,000 01 150,000 0 0 TENNECO INC Com 880349105 595 25,170 0 0 25,170 04 25,170 0 0 TETRA TECHNOLOGIES INC Com 88162F105 1,711 140,000 0 0 140,000 04 140,000 0 0 TEVA PHARMACEUTICAL-SP ADR Com 881624209 442 7,000 0 0 7,000 04 7,000 0 0 Teva Pharmaceuticals ADR (1 Rep 1 Com 881624209 651 10,317 0 0 10,317 01 10,317 0 0 TEXAS INSTRUMENTS INC Com 882508104 10,622 434,100 0 0 434,100 04 434,100 0 0 Texas Instruments Inc. Common USD1 Com 882508104 499 20,410 0 0 20,410 01 20,410 0 0 TEXTRON INC Com 883203101 557 26,230 0 0 26,230 04 26,230 0 0 TFS FINANCIAL CORP Com 87240R107 29 2,200 0 0 2,200 04 2,200 0 0 The Walt Disney Company Common USD Com 254687106 96 2,750 0 0 2,750 01 2,750 0 0 Thermo Electron Corp. Com. USD1.00 Com 883556102 53 1,030 0 0 1,030 01 1,030 0 0 THERMO FISHER SCIENTIFIC INC Com 883556102 2,687 52,240 0 0 52,240 04 52,240 0 0 TIDEWATER INC Com 886423102 2,898 61,300 0 0 61,300 04 61,300 0 0 TIFFANY & CO Com 886547108 3,248 68,400 0 0 68,400 04 68,400 0 0 TIME WARNER CABLE Com 88732J207 4,725 88,634 0 0 88,634 04 88,634 0 0 TIME WARNER INC Com 887317303 5,168 165,265 0 0 165,265 04 165,265 0 0 Time Warner Inc. Common USD0.01 Com 887317303 39 1,250 0 0 1,250 01 1,250 0 0 TIMKEN CO Com 887389104 171 5,700 0 0 5,700 04 5,700 0 0 TJX COMPANIES INC Com 872540109 1,943 45,700 0 0 45,700 04 45,700 0 0 TOLL BROTHERS INC Com 889478103 54 2,600 0 0 2,600 04 2,600 0 0 --------- 75,639
Form 13F Information Table GAM Holding Ltd. Page 36 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None TORCHMARK CORP Com 891027104 80 1,500 0 0 1,500 04 1,500 0 0 TOTAL SYSTEM SERVICES INC Com 891906109 44 2,803 0 0 2,803 04 2,803 0 0 Toyota Motor Corporation Spon. ADR Com 892331307 239 2,965 0 0 2,965 01 2,965 0 0 TRANSATLANTIC HOLDINGS INC Com 893521104 74 1,400 0 0 1,400 04 1,400 0 0 TREEHOUSE FOODS INC Com 89469A104 408 9,300 0 0 9,300 04 9,300 0 0 TRINA SOLAR LTD-SPON ADR Com 89628E104 2,424 99,300 0 0 99,300 04 99,300 0 0 Trinity Ind. Inc. 3.875% Cv. 01-06 Bond 896522AF6 2,327 2,950,000 0 0 2,950,000 01 2,950,000 0 0 TRUE RELIGION APPAREL INC Com 89784N104 1,214 40,000 0 0 40,000 04 40,000 0 0 TRW AUTOMOTIVE HOLDINGS CORP Com 87264S106 1,306 45,700 0 0 45,700 04 45,700 0 0 TYSON FOODS INC-CL A Com 902494103 542 28,300 0 0 28,300 04 28,300 0 0 UDR INC Com 902653104 646 36,625 0 0 36,625 04 36,625 0 0 ULTRA PETROLEUM CORP Com 903914109 657 14,100 0 0 14,100 04 14,100 0 0 Unilever PLC - Spon. ADR (1 Rep. 1 Com 904767704 56 1,910 0 0 1,910 01 1,910 0 0 UNION PACIFIC CORP Com 907818108 2,482 33,860 0 0 33,860 04 33,860 0 0 Unisys Corporation Common USD0.01 Com 909214306 2,049 58,691 0 0 58,691 01 58,691 0 0 Unisys Corporation Common USD0.01 Com 909214306 6,791 194,582 0 0 194,582 02 194,582 0 0 UNITED PARCEL SERVICE-CL B Com 911312106 8,244 128,000 0 0 128,000 04 128,000 0 0 United Parcel Service Com.Cls B US Com 911312106 81 1,250 0 0 1,250 01 1,250 0 0 UNITED STATES STEEL CORP Com 912909108 2,383 37,510 0 0 37,510 04 37,510 0 0 UNITED TECHNOLOGIES CORP Com 913017109 16,046 217,980 0 0 217,980 04 217,980 0 0 UNITED THERAPEUTICS CORP Com 91307C102 664 12,000 0 0 12,000 04 12,000 0 0 UNITEDHEALTH GROUP INC Com 91324P102 7,478 228,880 0 0 228,880 04 228,880 0 0 UNUM GROUP Com 91529Y106 166 6,700 0 0 6,700 04 6,700 0 0 URBAN OUTFITTERS INC Com 917047102 87 2,300 0 0 2,300 04 2,300 0 0 US BANCORP Com 902973304 6,942 268,250 0 0 268,250 04 268,250 0 0 --------- 63,429
Form 13F Information Table GAM Holding Ltd. Page 37 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None USA Truck Incorporated Common USD0 Com 902925106 8,050 500,000 0 0 500,000 01 500,000 0 0 UTILITIES HOLDRS TRUST Com 918019100 943 10,000 0 0 10,000 04 10,000 0 0 UTILITIES SELECT SECTOR SPDR Com 81369Y886 2,667 90,000 0 0 90,000 04 90,000 0 0 VALE SA-SP ADR Com 91912E105 18,480 574,104 0 0 574,104 04 574,104 0 0 VALERO ENERGY CORP Com 91913Y100 2,843 144,300 0 0 144,300 04 144,300 0 0 Vanguard Financials ETF Com 92204A405 5,788 178,563 0 0 178,563 01 178,563 0 0 Vanguard Financials ETF Com 92204A405 3,187 98,337 0 0 98,337 02 01 98,337 0 0 Vanguard Info Technology ETF Com 92204A702 5,112 91,041 0 0 91,041 01 91,041 0 0 Vanguard Info Technology ETF Com 92204A702 2,762 49,203 0 0 49,203 02 01 49,203 0 0 VARIAN MEDICAL SYSTEMS INC Com 92220P105 409 7,400 0 0 7,400 04 7,400 0 0 VEECO INSTRUMENTS INC Com 922417100 552 12,700 0 0 12,700 04 12,700 0 0 VENTAS INC Com 92276F100 2,759 58,100 0 0 58,100 04 58,100 0 0 VERISIGN INC Com 92343E102 96 3,700 0 0 3,700 04 3,700 0 0 VERIZON COMMUNICATIONS INC Com 92343V104 14,070 453,567 0 0 453,567 04 453,567 0 0 VERTEX PHARMACEUTICALS INC Com 92532F100 1,704 41,700 0 0 41,700 04 41,700 0 0 VF CORP Com 918204108 4,336 54,100 0 0 54,100 04 54,100 0 0 VIACOM INC-CLASS B Com 92553P201 4,593 133,600 0 0 133,600 04 133,600 0 0 Viad Corporation Common USD 1.50 Com 92552R406 216 10,500 0 0 10,500 01 10,500 0 0 VIMPEL-COM-SP ADR *do not use* ADR 68370R109 5,223 283,702 0 0 283,702 04 283,702 0 0 VIRGIN MEDIA INC Com 92769L101 81 4,700 0 0 4,700 04 4,700 0 0 Virgin Media Inc. Com. USD0.01 Com 92769L101 8,206 475,000 0 0 475,000 01 475,000 0 0 VISA INC-CLASS A SHARES Com 92826C839 4,395 48,284 0 0 48,284 04 48,284 0 0 Visa Inc. Class A Common USD0.0001 Com 92826C839 8,195 90,000 0 0 90,000 01 90,000 0 0 VORNADO REALTY TRUST Com 929042109 7,759 102,493 0 0 102,493 04 102,493 0 0 VULCAN MATERIALS CO Com 929160109 959 20,300 0 0 20,300 04 20,300 0 0 --------- 113,386
Form 13F Information Table GAM Holding Ltd. Page 38 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None WAL-MART STORES INC Com 931142103 38,832 698,420 0 0 698,420 04 698,420 0 0 WALGREEN CO Com 931422109 8,095 218,250 0 0 218,250 04 218,250 0 0 WALT DISNEY CO/THE Com 254687106 7,281 208,570 0 0 208,570 04 208,570 0 0 WALTER INDUSTRIES INC Com 93317Q105 96 1,040 0 0 1,040 04 1,040 0 0 WASHINGTON POST-CLASS B Com 939640108 44 100 0 0 100 04 100 0 0 WASTE MANAGEMENT INC Com 94106L109 4,476 130,000 0 0 130,000 04 130,000 0 0 Waste Management Inc. Com. USD0.01 Com 94106L109 43 1,240 0 0 1,240 01 1,240 0 0 WATERS CORP Com 941848103 2,512 37,200 0 0 37,200 04 37,200 0 0 WATSON PHARMACEUTICALS INC Com 942683103 464 11,100 0 0 11,100 04 11,100 0 0 WEATHERFORD INTL LTD Com H27013103 853 53,800 0 0 53,800 04 53,800 0 0 Weatherford Intl. Ltd. Com. USD1.0 Com H27013103 54 3,410 0 0 3,410 01 3,410 0 0 WEINGARTEN REALTY INVESTORS Com 948741103 625 29,000 0 0 29,000 04 29,000 0 0 WELLPOINT INC Com 94973V107 3,155 49,000 0 0 49,000 04 49,000 0 0 WELLS FARGO & CO Com 949746101 19,733 634,108 0 0 634,108 04 634,108 0 0 Wells Fargo & Co. Com. USD1.666 Com 949746101 2,636 84,749 0 0 84,749 01 84,749 0 0 WESTERN DIGITAL CORP Com 958102105 1,990 51,050 0 0 51,050 04 51,050 0 0 WESTERN UNION CO Com 959802109 2,084 122,900 0 0 122,900 04 122,900 0 0 Western Union Corp. Common USD0.01 Com 959802109 21 1,210 0 0 1,210 01 1,210 0 0 WEYERHAEUSER CO Com 962166104 174 3,844 0 0 3,844 04 3,844 0 0 Weyerhaeuser Company Common USD1.2 Com 962166104 2,346 51,800 0 0 51,800 01 51,800 0 0 Weyerhaeuser Company Common USD1.2 Com 962166104 7,815 172,600 0 0 172,600 02 172,600 0 0 Weyerhaeuser Company Common USD1.2 Com 962166104 42 930 0 0 930 01 930 0 0 WHIRLPOOL CORP Com 963320106 3,269 37,470 0 0 37,470 04 37,470 0 0 WHITE MOUNTAINS INSURANCE GP Com G9618E107 48 136 0 0 136 04 136 0 0 WHITNEY HOLDING CORP Com 966612103 621 45,000 0 0 45,000 04 45,000 0 0 --------- 107,309
Form 13F Information Table GAM Holding Ltd. Page 39 of 39
1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority --- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None WHOLE FOODS MARKET INC Com 966837106 918 25,400 0 0 25,400 04 25,400 0 0 Williams-Sonoma Inc. Common USD0.0 Com 969904101 5,361 203,760 0 0 203,760 02 01 203,760 0 0 Williams Companies Inc. Common USD Com 969457100 1,445 62,537 0 0 62,537 01 62,537 0 0 WILLIAMS COS INC Com 969457100 3,058 132,400 0 0 132,400 04 132,400 0 0 Willis Group Hdgs. PLC Com. USD0.0 Com G96666105 36 1,140 0 0 1,140 01 1,140 0 0 WIMM-BILL-DANN FOODS-ADR Com 97263M109 224 10,000 0 0 10,000 04 10,000 0 0 WINDSTREAM CORP Com 97381W104 83 7,600 0 0 7,600 04 7,600 0 0 WISCONSIN ENERGY CORP Com 976657106 3,098 62,700 0 0 62,700 04 62,700 0 0 WR BERKLEY CORP Com 084423102 70 2,700 0 0 2,700 04 2,700 0 0 WR Berkley Corp. Common USD0.20 Com 084423102 7,829 300,000 0 0 300,000 01 300,000 0 0 WUXI PHARMATECH INC-ADR Com 929352102 1,856 119,200 0 0 119,200 04 119,200 0 0 WW GRAINGER INC Com 384802104 681 6,300 0 0 6,300 04 6,300 0 0 XCEL ENERGY INC Com 98389B100 178 8,400 0 0 8,400 04 8,400 0 0 XEROX CORP Com 984121103 2,204 226,000 0 0 226,000 04 226,000 0 0 XILINX INC Com 983919101 1,002 39,300 0 0 39,300 04 39,300 0 0 Xilinx Inc. Common USD0.01 Com 983919101 11,855 465,000 0 0 465,000 01 465,000 0 0 XL CAPITAL LTD -CLASS A Com G98255105 1,066 56,400 0 0 56,400 04 56,400 0 0 XTO ENERGY INC Com 98385X106 2,518 53,375 0 0 53,375 04 53,375 0 0 YAHOO! INC Com 984332106 2,142 129,600 0 0 129,600 04 129,600 0 0 Yingli Green En. Hdg. ADR (1Rep. 1 Com 98584B103 6 470 0 0 470 01 470 0 0 YINGLI GREEN ENERGY HOLD-ADR Com 98584B103 1,278 100,300 0 0 100,300 04 100,300 0 0 YRC Worldwide Inc. Com. USD1.0 Com 984249102 193 352,928 0 0 352,928 01 352,928 0 0 YUM! BRANDS INC Com 988498101 3,396 88,600 0 0 88,600 04 88,600 0 0 Yum! Brands Inc. Com. NPV Com 988498101 4,773 124,510 0 0 124,510 02 01 124,510 0 0 ZIMMER HOLDINGS INC Com 98956P102 1,578 26,650 0 0 26,650 04 26,650 0 0 --------- 56,847 ========= 3,672,210
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