0000930413-12-006107.txt : 20121114 0000930413-12-006107.hdr.sgml : 20121114 20121114115303 ACCESSION NUMBER: 0000930413-12-006107 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 EFFECTIVENESS DATE: 20121114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GAM Holding AG CENTRAL INDEX KEY: 0001438848 IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13808 FILM NUMBER: 121202196 BUSINESS ADDRESS: STREET 1: KLAUSTRASSE 10 CITY: ZURICH STATE: V8 ZIP: 999999999 BUSINESS PHONE: 212-407-4600 MAIL ADDRESS: STREET 1: C/O GAM USA INC STREET 2: ONE ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: GAM Holding Ltd. DATE OF NAME CHANGE: 20091001 FORMER COMPANY: FORMER CONFORMED NAME: Julius Baer Holding Ltd. DATE OF NAME CHANGE: 20080627 13F-HR 1 c71614_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: 09/30/12 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 AG 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 11/13/12 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: 1,259 Form 13F Information Table Value Total: $5,095,813 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 Swiss & Global Asset Management Ltd. 04 00-00000-000 Arkos Capital SA

Form 13F Information Table GAM Holding AG Page 1 of 51 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 21VIANET GROUP INC-ADR 90138A103 347 30,000 0 0 30,000 03 30,000 0 0 3D SYSTEMS CORP 88554D205 1,643 50,000 0 0 50,000 03 50,000 0 0 3M CO 88579Y101 21,994 237,976 0 0 237,976 03 237,976 0 0 3M Company Common USD0.01 88579Y101 13,904 150,440 0 0 150,440 01 150,440 0 0 A.F.P. Provida SA - Spons. ADR (1 00709P108 448 4,900 0 0 4,900 01 4,900 0 0 Aaron's Inc. Common USD0.50 002535300 222 8,000 0 0 8,000 01 8,000 0 0 Abbott Laboratories Common NPV 002824100 103 1,500 0 0 1,500 01 1,500 0 0 ABBOTT LABORATORIES 002824100 23,977 349,727 0 0 349,727 03 349,727 0 0 Abercrombie & Fitch Cls. A Com. US 002896207 610 17,985 0 0 17,985 01 17,985 0 0 ABERCROMBIE & FITCH CO-CL A 002896207 1,146 33,800 0 0 33,800 03 33,800 0 0 ABERDEEN LATIN AMERICAN EQTY 00306K106 13 374 0 0 374 03 374 0 0 ACADIA REALTY TRUST 004239109 269 10,850 0 0 10,850 03 10,850 0 0 Accenture Plc-Cl A Com. USD0.00002 G1151C101 15,220 217,340 0 0 217,340 01 217,340 0 0 ACCENTURE PLC-CL A G1151C101 2,598 37,100 0 0 37,100 03 37,100 0 0 ACHILLION PHARMACEUTICALS 00448Q201 364 35,000 0 0 35,000 03 35,000 0 0 Acme Packet Inc. Com. USD0.001 004764106 446 26,070 0 0 26,070 01 26,070 0 0 Activision Blizzard Com. USD0.0000 00507V109 1,819 161,295 0 0 161,295 01 161,295 0 0 ACTIVISION BLIZZARD INC 00507V109 118 10,500 0 0 10,500 03 10,500 0 0 ADA-ES INC 005208103 427 18,100 0 0 18,100 03 18,100 0 0 ADOBE SYSTEMS INC 00724F101 4,098 126,234 0 0 126,234 03 126,234 0 0 Adobe Systems Inc. Common USD0.000 00724F101 4,427 136,480 0 0 136,480 01 136,480 0 0 ADVANCE AUTO PARTS INC 00751Y106 110 1,600 0 0 1,600 03 1,600 0 0 ADVANCED BATTERY TECHNOLOGIE 00752H102 13 40,000 0 0 40,000 03 40,000 0 0 ADVANCED MICRO DEVICES 007903107 44 13,200 0 0 13,200 03 13,200 0 0 AES CORP 00130H105 686 62,500 0 0 62,500 03 62,500 0 0 --------- 95,046

Form 13F Information Table GAM Holding AG Page 2 of 51 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 AETNA INC 00817Y108 2,120 53,534 0 0 53,534 03 53,534 0 0 AFFILIATED MANAGERS GROUP 008252108 106 858 0 0 858 03 858 0 0 AFFYMAX INC 00826A109 316 15,000 0 0 15,000 03 15,000 0 0 AFLAC INC 001055102 5,104 106,600 0 0 106,600 03 106,600 0 0 AFLAC INC 001055102 567 11,850 0 0 11,850 04 11,850 0 0 AGCO CORP 001084102 674 14,200 0 0 14,200 03 14,200 0 0 AGCO Corporation Common USD0.01 001084102 15,083 317,667 0 0 317,667 01 317,667 0 0 AGILENT TECHNOLOGIES INC 00846U101 5,529 143,790 0 0 143,790 03 143,790 0 0 Agilent Technologies Inc. Common U 00846U101 878 22,850 0 0 22,850 01 22,850 0 0 AIG 19.01.21 CW/AIG 026874156 19 1,415 0 0 1,415 03 1,415 0 0 AIR PRODUCTS & CHEMICALS INC 009158106 1,613 19,500 0 0 19,500 03 19,500 0 0 AIRGAS INC 009363102 708 8,600 0 0 8,600 03 8,600 0 0 AKAMAI TECHNOLOGIES INC 00971T101 1,702 44,479 0 0 44,479 03 44,479 0 0 ALBEMARLE CORP 012653101 95 1,797 0 0 1,797 03 1,797 0 0 ALCOA INC 013817101 5,188 586,190 0 0 586,190 03 586,190 0 0 Alcoa Inc. Common USD1.00 013817101 46,395 5,239,947 0 0 5,239,947 01 5,239,947 0 0 Alcoa Inc. Common USD1.00 013817101 6,813 769,432 0 0 769,432 02 769,432 0 0 ALEXANDER'S INC 014752109 256 600 0 0 600 03 600 0 0 ALEXANDRIA REAL ESTATE EQUIT 015271109 907 12,340 0 0 12,340 03 12,340 0 0 ALEXION PHARMACEUTICALS INC 015351109 2,295 20,058 0 0 20,058 03 20,058 0 0 ALLEGHANY CORP 017175100 69 200 0 0 200 03 200 0 0 ALLEGHENY TECHNOLOGIES INC 01741R102 3,222 101,000 0 0 101,000 03 101,000 0 0 ALLERGAN INC 018490102 10,113 110,427 0 0 110,427 03 110,427 0 0 ALLIANCE DATA SYSTEMS CORP 018581108 156 1,100 0 0 1,100 03 1,100 0 0 Alliancebernstein Holding LP Com. 01881G106 277 18,000 0 0 18,000 01 18,000 0 0 ALLIANT ENERGY CORP 018802108 87 2,000 0 0 2,000 03 2,000 0 0 --------- 110,290

Form 13F Information Table GAM Holding AG Page 3 of 51 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 ALLSTATE CORP 020002101 2,400 60,600 0 0 60,600 03 60,600 0 0 ALTERA CORP 021441100 581 17,100 0 0 17,100 03 17,100 0 0 ALTRIA GROUP INC 02209S103 11,312 338,775 0 0 338,775 03 338,775 0 0 AMARIN CORPORATION PLC -ADR 023111206 378 30,000 0 0 30,000 03 30,000 0 0 AMAZON.COM INC 023135106 14,983 58,914 0 0 58,914 03 58,914 0 0 Amazon.Com Inc. Com. USD0.01 023135106 1,532 6,020 0 0 6,020 01 6,020 0 0 AMC Networks Inc. A W/I Com. NPV 00164V103 435 10,000 0 0 10,000 01 10,000 0 0 AMEDISYS INC 023436108 967 70,000 0 0 70,000 03 70,000 0 0 AMEREN CORPORATION 023608102 183 5,600 0 0 5,600 03 5,600 0 0 AMERESCO INC-CL A 02361E108 471 39,841 0 0 39,841 03 39,841 0 0 AMERICA MOVIL-ADR SERIES L 02364W105 3,368 132,400 0 0 132,400 03 132,400 0 0 America Movil-ADR SL NPV(1 Rep 20 02364W105 2,035 80,000 0 0 80,000 01 80,000 0 0 AMERICAN CAMPUS COMMUNITIES 024835100 839 19,129 0 0 19,129 03 19,129 0 0 AMERICAN CAPITAL AGENCY CORP 02503X105 232 6,705 0 0 6,705 03 6,705 0 0 AMERICAN ELECTRIC POWER 025537101 1,336 30,400 0 0 30,400 03 30,400 0 0 AMERICAN EXPRESS CO 025816109 23,049 405,370 0 0 405,370 03 405,370 0 0 American Express Company Common US 025816109 1,308 23,000 0 0 23,000 01 23,000 0 0 American International Group Com. 026874784 10,277 313,453 0 0 313,453 01 04 313,453 0 0 AMERICAN INTERNATIONAL GROUP 026874784 4,558 139,007 0 0 139,007 03 139,007 0 0 AMERICAN TOWER CORP 03027X100 2,042 28,600 0 0 28,600 03 28,600 0 0 AMERICAN WATER WORKS CO INC 030420103 2,290 61,800 0 0 61,800 03 61,800 0 0 AMERIPRISE FINANCIAL INC 03076C106 1,677 29,579 0 0 29,579 03 29,579 0 0 AMERISOURCEBERGEN CORP 03073E105 1,102 28,461 0 0 28,461 03 28,461 0 0 AMETEK INC 031100100 173 4,875 0 0 4,875 03 4,875 0 0 AMETEK Incorporated Common USD0.01 031100100 144 4,050 0 0 4,050 01 4,050 0 0 --------- 87,670

Form 13F Information Table GAM Holding AG Page 4 of 51 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 AMGEN INC 031162100 16,465 195,271 0 0 195,271 03 195,271 0 0 AMICUS THERAPEUTICS INC 03152W109 156 30,000 0 0 30,000 03 30,000 0 0 AMPHENOL CORP-CL A 032095101 792 13,443 0 0 13,443 03 13,443 0 0 ANACOR PHARMACEUTICALS INC 032420101 41 6,244 0 0 6,244 03 6,244 0 0 ANADARKO PETROLEUM CORP 032511107 4,943 70,700 0 0 70,700 03 70,700 0 0 Anadarko Petroleum Corp. Common US 032511107 1,345 19,235 0 0 19,235 01 19,235 0 0 Anadarko Petroleum Corp. Common US 032511107 140 2,000 0 0 2,000 01 2,000 0 0 ANALOG DEVICES INC 032654105 4,240 108,187 0 0 108,187 03 108,187 0 0 ANGIODYNAMICS INC 03475V101 244 20,000 0 0 20,000 03 20,000 0 0 ANGLOGOLD ASHANTI-SPON ADR 035128206 876 25,000 0 0 25,000 03 25,000 0 0 ANNALY CAPITAL MANAGEMENT IN 035710409 333 19,800 0 0 19,800 03 19,800 0 0 ANSYS INC 03662Q105 351 4,776 0 0 4,776 03 4,776 0 0 APACHE CORP 037411105 9,913 114,638 0 0 114,638 03 114,638 0 0 Apache Corporation Common USD0.625 037411105 1,927 22,280 0 0 22,280 01 22,280 0 0 APARTMENT INVT & MGMT CO -A 03748R101 806 31,005 0 0 31,005 03 31,005 0 0 APOLLO GROUP INC-CL A 037604105 2,725 93,820 0 0 93,820 03 93,820 0 0 Apple Inc Com. NPV 037833100 2,341 3,509 0 0 3,509 01 3,509 0 0 APPLE INC 037833100 116,748 174,967 0 0 174,967 03 174,967 0 0 APPLIED MATERIALS INC 038222105 2,972 266,190 0 0 266,190 03 266,190 0 0 APTARGROUP INC 038336103 165 3,200 0 0 3,200 03 3,200 0 0 AQUA AMERICA INC 03836W103 1,872 75,599 0 0 75,599 03 75,599 0 0 Arcelormittal 5% Cv. 15-05-2014 03938LAK0 71,76369,033,000 0 069,033,000 01 69,033,000 0 0 ARCH COAL INC 039380100 16 2,450 0 0 2,450 03 2,450 0 0 --------- 241,173

Form 13F Information Table GAM Holding AG Page 5 of 51 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 ARCHER-DANIELS-MIDLAND CO 039483102 2,001 73,628 0 0 73,628 03 73,628 0 0 ARIAD PHARMACEUTICALS INC 04033A100 436 18,000 0 0 18,000 03 18,000 0 0 ARROW ELECTRONICS INC 042735100 71 2,100 0 0 2,100 03 2,100 0 0 Aruba Networks Inc. Common USD0.00 043176106 2,496 111,000 0 0 111,000 01 111,000 0 0 ASHFORD HOSPITALITY TRUST 044103109 134 15,970 0 0 15,970 03 15,970 0 0 ASSOCIATED ESTATES REALTY CP 045604105 156 10,300 0 0 10,300 03 10,300 0 0 ASSURANT INC 04621X108 75 2,000 0 0 2,000 03 2,000 0 0 ASSURANT INC 04621X108 314 8,439 0 0 8,439 04 8,439 0 0 ASTEC INDUSTRIES INC 046224101 493 15,600 0 0 15,600 03 15,600 0 0 AT&T INC 00206R102 40,556 1,075,759 0 0 1,075,759 03 1,075,759 0 0 ATWOOD OCEANICS INC 050095108 1,645 36,200 0 0 36,200 03 36,200 0 0 AUTODESK INC 052769106 781 23,400 0 0 23,400 03 23,400 0 0 AUTOLIV INC 052800109 103 1,667 0 0 1,667 03 1,667 0 0 AUTOMATIC DATA PROCESSING 053015103 4,722 80,490 0 0 80,490 03 80,490 0 0 AutoNation Incorporated Common USD 05329W102 218 5,000 0 0 5,000 01 5,000 0 0 AUTOZONE INC 053332102 2,578 6,973 0 0 6,973 03 6,973 0 0 AutoZone Incorporated Common USD0. 053332102 10,351 28,000 0 0 28,000 01 28,000 0 0 AVALONBAY COMMUNITIES INC 053484101 3,165 23,273 0 0 23,273 03 23,273 0 0 AVERY DENNISON CORP 053611109 64 2,000 0 0 2,000 03 2,000 0 0 AVNET INC 053807103 81 2,800 0 0 2,800 03 2,800 0 0 AVON PRODUCTS INC 054303102 435 27,300 0 0 27,300 03 27,300 0 0 BAIDU INC - SPON ADR 056752108 1,811 15,500 0 0 15,500 03 15,500 0 0 Baidu Inc. Spon. ADR (10 Rep 1 Ord 056752108 1,169 10,000 0 0 10,000 01 10,000 0 0 BAKER HUGHES INC 057224107 8,790 194,332 0 0 194,332 03 194,332 0 0 BALL CORP 058498106 859 20,300 0 0 20,300 03 20,300 0 0 BANCO BRADESCO-ADR 059460303 6,459 401,931 0 0 401,931 03 401,931 0 0 --------- 89,963

Form 13F Information Table GAM Holding AG Page 6 of 51 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 BANCO DE CHILE-ADR 059520106 533 6,394 0 0 6,394 03 6,394 0 0 Banco Macro SA ADR (1 rep. 10 ord. 05961W105 425 30,000 0 0 30,000 01 30,000 0 0 BANCO SANTANDER-CHILE-ADR 05965X109 3,346 45,687 0 0 45,687 03 45,687 0 0 BANCO SANTANDER BRASIL-ADS 05967A107 1,032 140,000 0 0 140,000 03 140,000 0 0 Bancolombia SA-Spons ADR (1Rep. 4P 05968L102 257 4,300 0 0 4,300 01 4,300 0 0 BANK OF AMERICA CORP 060505104 17,903 2,027,483 0 0 2,027,483 03 2,027,483 0 0 Bank of America Corp. Common USD0. 060505104 1,123 127,193 0 0 127,193 01 127,193 0 0 BANK OF NEW YORK MELLON CORP 064058100 5,866 259,338 0 0 259,338 03 259,338 0 0 Bank of NY Mellon Corp. Com. USD0. 064058100 792 35,000 0 0 35,000 01 35,000 0 0 BAXTER INTERNATIONAL INC 071813109 8,884 147,431 0 0 147,431 03 147,431 0 0 Baxter International Inc. Common U 071813109 14,072 233,540 0 0 233,540 01 233,540 0 0 BB&T CORP 054937107 2,500 75,400 0 0 75,400 03 75,400 0 0 BEAM INC 073730103 2,814 48,900 0 0 48,900 03 48,900 0 0 Beam Inc. Common USD3.125 073730103 316 5,500 0 0 5,500 01 5,500 0 0 Becton Dickinson & Co. Common USD1 075887109 12,954 164,890 0 0 164,890 01 164,890 0 0 Becton Dickinson & Co. Common USD1 075887109 471 6,000 0 0 6,000 01 6,000 0 0 BECTON DICKINSON AND CO 075887109 17,378 221,201 0 0 221,201 03 221,201 0 0 BED BATH & BEYOND INC 075896100 8,645 137,218 0 0 137,218 03 137,218 0 0 BEMIS COMPANY 081437105 629 20,000 0 0 20,000 03 20,000 0 0 BERKSHIRE HATHAWAY INC-CL A 084670108 664 5 0 0 5 03 5 0 0 BERKSHIRE HATHAWAY INC-CL B 084670702 18,811 213,280 0 0 213,280 03 213,280 0 0 BEST BUY CO INC 086516101 4,585 266,740 0 0 266,740 03 266,740 0 0 BHP BILLITON LTD-SPON ADR 088606108 1,103 16,080 0 0 16,080 03 16,080 0 0 BHP BILLITON PLC-ADR 05545E209 687 11,000 0 0 11,000 03 11,000 0 0 Biglari Holdings Inc. Com. USD0.50 08986R101 183 500 0 0 500 01 500 0 0 --------- 125,974

Form 13F Information Table GAM Holding AG Page 7 of 51 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 BIOGEN IDEC INC 09062X103 3,723 24,946 0 0 24,946 03 24,946 0 0 Biogen Idec Inc. Common USD0.0005 09062X103 340 2,280 0 0 2,280 01 2,280 0 0 BIOMARIN PHARMACEUTICAL INC 09061G101 3,607 89,580 0 0 89,580 03 89,580 0 0 BIOMED REALTY TRUST INC 09063H107 638 34,100 0 0 34,100 03 34,100 0 0 BLACKROCK INC 09247X101 4,587 25,728 0 0 25,728 03 25,728 0 0 BMB MUNAI INC 09656A105 90 314,500 0 0 314,500 03 314,500 0 0 BMC SOFTWARE INC 055921100 1,692 40,770 0 0 40,770 03 40,770 0 0 Boeing Co. Common USD5 097023105 585 8,400 0 0 8,400 01 8,400 0 0 BOEING CO/THE 097023105 5,924 85,097 0 0 85,097 03 85,097 0 0 BORGWARNER INC 099724106 1,203 17,406 0 0 17,406 03 17,406 0 0 BorgWarner Inc. Com. USD 0.01 099724106 12,900 186,657 0 0 186,657 01 186,657 0 0 BOSTON PROPERTIES INC 101121101 5,631 50,910 0 0 50,910 03 50,910 0 0 BOSTON SCIENTIFIC CORP 101137107 3,808 663,440 0 0 663,440 03 663,440 0 0 Boston Scientific Corp. Common USD 101137107 48,715 8,504,543 0 0 8,504,543 01 8,504,543 0 0 Boston Scientific Corp. Common USD 101137107 7,009 1,223,218 0 0 1,223,218 02 1,223,218 0 0 Boyd Gaming Corporation Common USD 103304101 85 12,000 0 0 12,000 01 12,000 0 0 BP PLC-SPONS ADR 055622104 670 15,814 0 0 15,814 03 15,814 0 0 BPZ RESOURCES INC 055639108 85 29,679 0 0 29,679 03 29,679 0 0 BRANDYWINE REALTY TRUST 105368203 354 29,000 0 0 29,000 03 29,000 0 0 BRE PROPERTIES INC 05564E106 807 17,200 0 0 17,200 03 17,200 0 0 BRF - BRASIL FOODS SA-ADR 10552T107 1,687 97,500 0 0 97,500 03 97,500 0 0 Brink's Co./The Com. USD1.00 109696104 539 21,000 0 0 21,000 01 21,000 0 0 BRISTOL-MYERS SQUIBB CO 110122108 8,952 265,230 0 0 265,230 03 265,230 0 0 Bristol-Myers Squibb Co. Common US 110122108 371 11,000 0 0 11,000 01 11,000 0 0 BROADCOM CORP-CL A 111320107 3,098 89,600 0 0 89,600 03 89,600 0 0 --------- 117,099

Form 13F Information Table GAM Holding AG Page 8 of 51 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 Broadcom Corp. Class A Common USD0 111320107 2,592 75,000 0 0 75,000 01 75,000 0 0 BROWN-FORMAN CORP-CLASS B 115637209 3,837 58,800 0 0 58,800 03 58,800 0 0 BUNGE LTD G16962105 1,482 22,100 0 0 22,100 03 22,100 0 0 Bunge Ltd. Common USD0.01 G16962105 2,961 44,160 0 0 44,160 01 44,160 0 0 Burger King Worldwide Inc Com. NPV 121220107 1,627 116,594 0 0 116,594 01 116,594 0 0 BURGER KING WORLDWIDE INC 121220107 3,346 240,000 0 0 240,000 03 240,000 0 0 C.H. ROBINSON WORLDWIDE INC 12541W209 1,364 23,300 0 0 23,300 03 23,300 0 0 CA INC 12673P105 1,236 47,985 0 0 47,985 03 47,985 0 0 CABLEVISION SYSTEMS-NY GRP-A 12686C109 71 4,500 0 0 4,500 03 4,500 0 0 Cablevision Systems Corp. Class A 12686C109 602 38,000 0 0 38,000 01 38,000 0 0 CABOT OIL & GAS CORP 127097103 1,105 24,600 0 0 24,600 03 24,600 0 0 Cabot Oil & Gas Corp. Com. USD0.10 127097103 453 10,090 0 0 10,090 01 10,090 0 0 CACI INTERNATIONAL INC -CL A 127190304 1,139 22,000 0 0 22,000 03 22,000 0 0 Cadence Design Systems Inc. Com. U 127387108 1,526 118,600 0 0 118,600 01 118,600 0 0 CALGON CARBON CORP 129603106 584 40,800 0 0 40,800 03 40,800 0 0 CALPINE CORP 131347304 134 7,738 0 0 7,738 03 7,738 0 0 CAMDEN PROPERTY TRUST 133131102 1,233 19,118 0 0 19,118 03 19,118 0 0 CAMERON INTERNATIONAL CORP 13342B105 552 9,852 0 0 9,852 03 9,852 0 0 CAMPBELL SOUP CO 134429109 4,392 126,130 0 0 126,130 03 126,130 0 0 Canterbury Park Hdgs. Corp. Com. U 13811E101 57 5,600 0 0 5,600 01 5,600 0 0 CAPITAL ONE FINANCIAL CORP 14040H105 4,793 84,075 0 0 84,075 03 84,075 0 0 CAPITAL ONE FINANCIAL CORP 14040H105 943 16,544 0 0 16,544 01 04 16,544 0 0 CAPSTONE TURBINE CORP 14067D102 545 545,156 0 0 545,156 03 545,156 0 0 CARDINAL HEALTH INC 14149Y108 2,013 51,652 0 0 51,652 03 51,652 0 0 Cardinal Health Incorporated Commo 14149Y108 616 15,800 0 0 15,800 01 15,800 0 0 CAREFUSION CORP 14170T101 339 11,950 0 0 11,950 03 11,950 0 0 --------- 39,541

Form 13F Information Table GAM Holding AG Page 9 of 51 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 Carefusion Corp. Common USD0.01 14170T101 8,516 300,000 0 0 300,000 01 300,000 0 0 CARMAX INC 143130102 710 25,100 0 0 25,100 03 25,100 0 0 CARNIVAL CORP 143658300 6,348 174,200 0 0 174,200 03 174,200 0 0 Catamaran Corp Com. NPV 148887102 2,128 21,717 0 0 21,717 01 21,717 0 0 CATERPILLAR INC 149123101 9,883 114,869 0 0 114,869 03 114,869 0 0 CBL & ASSOCIATES PROPERTIES 124830100 652 30,534 0 0 30,534 03 30,534 0 0 CBRE GROUP INC - A 12504L109 4,556 247,485 0 0 247,485 03 247,485 0 0 CBS CORP-CLASS B NON VOTING 124857202 466 12,814 0 0 12,814 03 12,814 0 0 CEDAR REALTY TRUST INC 150602209 70 13,300 0 0 13,300 03 13,300 0 0 Celanese Corp-Series A Com. USD0.0 150870103 629 16,585 0 0 16,585 01 16,585 0 0 CELANESE CORP-SERIES A 150870103 121 3,200 0 0 3,200 03 3,200 0 0 CELGENE CORP 151020104 13,795 180,567 0 0 180,567 03 180,567 0 0 Cemex SAB - Spons. ADR Part. Cer. 151290889 591 71,000 0 0 71,000 01 71,000 0 0 CEMIG SA -SPONS ADR 204409601 1,007 83,100 0 0 83,100 03 83,100 0 0 CENTERPOINT ENERGY INC 15189T107 194 9,100 0 0 9,100 03 9,100 0 0 CENTRAIS ELETRICAS BR-SP ADR 15234Q207 119 20,000 0 0 20,000 03 20,000 0 0 CENTURYLINK INC 156700106 2,566 63,527 0 0 63,527 03 63,527 0 0 CEPHEID INC 15670R107 2,875 83,300 0 0 83,300 03 83,300 0 0 CERNER CORP 156782104 5,744 74,200 0 0 74,200 03 74,200 0 0 CF INDUSTRIES HOLDINGS INC 125269100 756 3,400 0 0 3,400 03 3,400 0 0 CHARTER COMMUNICATION-A 16117M305 65 871 0 0 871 03 871 0 0 CHECK POINT SOFTWARE TECH M22465104 207 4,250 0 0 4,250 03 4,250 0 0 CHENIERE ENERGY INC 16411R208 86 5,500 0 0 5,500 03 5,500 0 0 CHESAPEAKE ENERGY CORP 165167107 677 35,900 0 0 35,900 03 35,900 0 0 CHEVRON CORP 166764100 51,760 444,059 0 0 444,059 03 444,059 0 0 --------- 114,520

Form 13F Information Table GAM Holding AG Page 10 of 51 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 Chevron Corp. Common USD0.75 166764100 303 2,600 0 0 2,600 01 2,600 0 0 CHICAGO BRIDGE & IRON CO NV 167250109 423 11,100 0 0 11,100 03 11,100 0 0 Chicago Bridge & Iron Co. NV (NY S 167250109 12,804 336,159 0 0 336,159 01 336,159 0 0 CHINA LIFE INSURANCE CO-ADR 16939P106 338 7,800 0 0 7,800 03 7,800 0 0 China Life Insurance Co. ADR (1 Re 16939P106 321 7,400 0 0 7,400 01 7,400 0 0 China Mobile HK Spon ADR (1 Rep 5 16941M109 1,030 18,600 0 0 18,600 01 18,600 0 0 CHINA PETROLEUM & CHEM-ADR 16941R108 490 5,300 0 0 5,300 03 5,300 0 0 China Petroleum & Chemical ADR (1 16941R108 646 7,000 0 0 7,000 01 7,000 0 0 CHINA UNICOM HONG KONG-ADR 16945R104 473 29,000 0 0 29,000 03 29,000 0 0 CHIPOTLE MEXICAN GRILL INC 169656105 532 1,675 0 0 1,675 03 1,675 0 0 Christopher & Banks Corp. Common U 171046105 263 75,000 0 0 75,000 01 75,000 0 0 CHUBB CORP 171232101 6,934 90,908 0 0 90,908 03 90,908 0 0 Chubb Corporation Common USD1.00 171232101 9,155 120,000 0 0 120,000 01 120,000 0 0 CHUNGHWA TELECOM LTD-ADR 17133Q502 222 7,000 0 0 7,000 03 7,000 0 0 CHURCH & DWIGHT CO INC 171340102 2,505 46,400 0 0 46,400 03 46,400 0 0 Church & Dwight Co. Inc. Common US 171340102 10,256 190,000 0 0 190,000 01 190,000 0 0 Churchill Downs Inc Com. NPV 171484108 214 3,404 0 0 3,404 01 3,404 0 0 CIA BRASILEIRA DE DIS-SP PRF 20440T201 704 15,600 0 0 15,600 03 15,600 0 0 CIA CERVECERIAS UNIDAS-ADR 204429104 5,507 77,200 0 0 77,200 03 77,200 0 0 CIA DE MINAS BUENAVENTUR-ADR 204448104 5,415 139,000 0 0 139,000 03 139,000 0 0 CIA SANEAMENTO BASICO DE-ADR 20441A102 5,208 64,136 0 0 64,136 03 64,136 0 0 CIGNA CORP 125509109 282 5,981 0 0 5,981 03 5,981 0 0 CIMAREX ENERGY CO 171798101 111 1,900 0 0 1,900 03 1,900 0 0 CINCINNATI FINANCIAL CORP 172062101 148 3,900 0 0 3,900 03 3,900 0 0 CINTAS CORP 172908105 199 4,800 0 0 4,800 03 4,800 0 0 --------- 64,484

Form 13F Information Table GAM Holding AG Page 11 of 51 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 Circor International Inc. Com. USD 17273K109 340 9,000 0 0 9,000 01 9,000 0 0 CISCO SYSTEMS INC 17275R102 35,459 1,857,469 0 0 1,857,469 03 1,857,469 0 0 Cisco Systems Inc. Common USD0.001 17275R102 13,501 707,060 0 0 707,060 01 707,060 0 0 CIT GROUP INC 125581801 156 3,966 0 0 3,966 03 3,966 0 0 CITIGROUP INC 172967424 22,853 698,450 0 0 698,450 03 698,450 0 0 Citigroup Incorporated Common USD0 172967424 17,855 545,802 0 0 545,802 01 545,802 0 0 Citigroup Incorporated Common USD0 172967424 1,279 39,108 0 0 39,108 02 39,108 0 0 CITRIX SYSTEMS INC 177376100 4,628 60,450 0 0 60,450 03 60,450 0 0 Clearwire Corp. Class A Com. USD0. 18538Q105 293 217,500 0 0 217,500 01 217,500 0 0 CLIFFS NATURAL RESOURCES INC 18683K101 1,295 33,100 0 0 33,100 03 33,100 0 0 CLOROX COMPANY 189054109 915 12,700 0 0 12,700 03 12,700 0 0 CME GROUP INC 12572Q105 946 16,515 0 0 16,515 03 16,515 0 0 CMS ENERGY CORP 125896100 273 11,573 0 0 11,573 03 11,573 0 0 CNOOC Ltd. ADR (1 Rep. 100 Ord.) 126132109 811 4,000 0 0 4,000 01 4,000 0 0 COACH INC 189754104 15,133 270,132 0 0 270,132 03 270,132 0 0 Cobalt International Energy Com. U 19075F106 1,186 53,277 0 0 53,277 01 53,277 0 0 COBALT INTERNATIONAL ENERGY 19075F106 1,278 57,371 0 0 57,371 03 57,371 0 0 COCA-COLA CO/THE 191216100 32,948 868,656 0 0 868,656 03 868,656 0 0 Coca-Cola Company Common USD0.25 191216100 379 10,000 0 0 10,000 01 10,000 0 0 COCA-COLA ENTERPRISES 19122T109 1,460 46,700 0 0 46,700 03 46,700 0 0 COGNIZANT TECH SOLUTIONS-A 192446102 2,758 39,438 0 0 39,438 03 39,438 0 0 Cognizant Tech. Solutions A Com. U 192446102 1,159 16,580 0 0 16,580 01 16,580 0 0 Cohen & Steers Inc. Com. USD0.01 19247A100 252 8,500 0 0 8,500 01 8,500 0 0 COLGATE-PALMOLIVE CO 194162103 5,802 54,113 0 0 54,113 03 54,113 0 0 Colgate-Palmolive Co. Common USD1. 194162103 6,585 61,410 0 0 61,410 01 61,410 0 0 --------- 169,544

Form 13F Information Table GAM Holding AG Page 12 of 51 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 195872106 426 20,260 0 0 20,260 03 20,260 0 0 COMCAST CORP-CLASS A 20030N101 17,399 486,400 0 0 486,400 03 486,400 0 0 COMCAST CORP-SPECIAL CL A 20030N200 777 22,328 0 0 22,328 03 22,328 0 0 COMERICA INC 200340107 2,826 91,000 0 0 91,000 03 91,000 0 0 COMMONWEALTH REIT 203233101 306 21,050 0 0 21,050 03 21,050 0 0 COMMVAULT SYSTEMS INC 204166102 845 14,400 0 0 14,400 03 14,400 0 0 COMPANHIA DE BEBIDAS-PRF ADR 20441W203 4,981 130,150 0 0 130,150 03 130,150 0 0 COMPUTER PROGRAMS & SYSTEMS 205306103 278 5,000 0 0 5,000 03 5,000 0 0 COMPUTER SCIENCES CORP 205363104 1,730 53,700 0 0 53,700 03 53,700 0 0 CONAGRA FOODS INC 205887102 251 9,100 0 0 9,100 03 9,100 0 0 CONCHO RESOURCES INC 20605P101 1,211 12,784 0 0 12,784 03 12,784 0 0 Concur Technologies Inc. Com. USD0 206708109 539 7,310 0 0 7,310 01 7,310 0 0 Conns Inc Common USD0.01 208242107 17,423 790,000 0 0 790,000 01 790,000 0 0 ConocoPhillips Common USD1.250 20825C104 5,718 100,000 0 0 100,000 01 100,000 0 0 CONOCOPHILLIPS 20825C104 17,195 300,704 0 0 300,704 03 300,704 0 0 CONSOL ENERGY INC 20854P109 2,674 89,000 0 0 89,000 03 89,000 0 0 CONSOLIDATED EDISON INC 209115104 521 8,698 0 0 8,698 03 8,698 0 0 Consolidated Tomoka Land Common US 210226106 197 6,000 0 0 6,000 01 6,000 0 0 CONSTELLATION BRANDS INC-A 21036P108 769 23,777 0 0 23,777 03 23,777 0 0 CONSUMER DISCRETIONARY SELT 81369Y407 3,180 68,000 0 0 68,000 03 68,000 0 0 CONTINENTAL RESOURCES INC/OK 212015101 886 11,524 0 0 11,524 03 11,524 0 0 COOPER INDUSTRIES PLC G24140108 263 3,500 0 0 3,500 03 3,500 0 0 Copa Holdings SA Class A Com. NPV P31076105 488 6,000 0 0 6,000 01 6,000 0 0 CORNING INC 219350105 5,879 447,100 0 0 447,100 03 447,100 0 0 Corning Incorporated Common USD0.5 219350105 197 15,000 0 0 15,000 01 15,000 0 0 --------- 86,961

Form 13F Information Table GAM Holding AG Page 13 of 51 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 CORPORATE OFFICE PROPERTIES 22002T108 393 16,400 0 0 16,400 03 16,400 0 0 CORRECTIONS CORP OF AMERICA 22025Y407 716 21,400 0 0 21,400 03 21,400 0 0 COSTCO WHOLESALE CORP 22160K105 9,752 97,402 0 0 97,402 03 97,402 0 0 COUSINS PROPERTIES INC 222795106 171 21,590 0 0 21,590 03 21,590 0 0 COVANCE INC 222816100 374 8,000 0 0 8,000 03 8,000 0 0 Covanta Hldg Corp Note 3.250% 6/0 22282EAC6 2,369 2,000,000 0 0 2,000,000 04 2,000,000 0 0 COVENTRY HEALTH CARE INC 222862104 108 2,600 0 0 2,600 03 2,600 0 0 CR BARD INC 067383109 5,456 52,140 0 0 52,140 03 52,140 0 0 Crane Company Common USD1.00 224399105 339 8,500 0 0 8,500 01 8,500 0 0 CREDICORP LTD G2519Y108 338 2,700 0 0 2,700 03 2,700 0 0 Credicorp Ltd. Common USD5.00 G2519Y108 1,115 8,900 0 0 8,900 01 8,900 0 0 CREE INC 225447101 786 30,800 0 0 30,800 03 30,800 0 0 CROWN CASTLE INTL CORP 228227104 410 6,399 0 0 6,399 03 6,399 0 0 CROWN HOLDINGS INC 228368106 305 8,300 0 0 8,300 03 8,300 0 0 CSX CORP 126408103 2,958 142,567 0 0 142,567 03 142,567 0 0 CTRIP.COM INTERNATIONAL-ADR 22943F100 800 47,410 0 0 47,410 03 47,410 0 0 CTS Corporation Common NPV 126501105 302 30,000 0 0 30,000 01 30,000 0 0 CUBESMART 229663109 273 21,200 0 0 21,200 03 21,200 0 0 CUBIST PHARMACEUTICALS INC 229678107 429 9,000 0 0 9,000 03 9,000 0 0 CUMMINS INC 231021106 3,484 37,770 0 0 37,770 03 37,770 0 0 Cummins Inc. Common USD2.50 231021106 12,716 137,904 0 0 137,904 01 137,904 0 0 Curtiss-Wright Corporation Common 231561101 82 2,500 0 0 2,500 01 2,500 0 0 CVS CAREMARK CORP 126650100 19,195 396,429 0 0 396,429 03 396,429 0 0 CVS Caremark Corp. Common USD0.01 126650100 1,514 31,276 0 0 31,276 01 31,276 0 0 D.R. Horton Inc 2% Cv. 15-05-2014 23331ABB4 12,413 7,540,000 0 0 7,540,000 01 7,540,000 0 0 --------- 76,801

Form 13F Information Table GAM Holding AG Page 14 of 51 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 D.R. Horton Inc. Com. USD0.01 23331A109 728 35,280 0 0 35,280 01 35,280 0 0 Dana Holding Corp. Common USD0.01 235825205 748 60,791 0 0 60,791 01 60,791 0 0 Dana Holding Corp. Common USD0.01 235825205 221 18,000 0 0 18,000 01 18,000 0 0 DANAHER CORP 235851102 10,264 186,117 0 0 186,117 03 186,117 0 0 Danaher Corp. Com. USD0.01 235851102 12,578 228,078 0 0 228,078 01 228,078 0 0 DARDEN RESTAURANTS INC 237194105 167 3,000 0 0 3,000 03 3,000 0 0 DAVITA INC 23918K108 2,404 23,200 0 0 23,200 03 23,200 0 0 DCT INDUSTRIAL TRUST INC 233153105 371 57,400 0 0 57,400 03 57,400 0 0 DDR CORP 23317H102 793 51,659 0 0 51,659 03 51,659 0 0 DECKERS OUTDOOR CORP 243537107 974 26,570 0 0 26,570 03 26,570 0 0 DEERE & CO 244199105 4,674 56,664 0 0 56,664 03 56,664 0 0 Deere & Company Common USD1.00 244199105 742 9,000 0 0 9,000 01 9,000 0 0 DELL INC 24702R101 1,394 141,378 0 0 141,378 03 141,378 0 0 DELTA AIR LINES INC 247361702 42 4,600 0 0 4,600 03 4,600 0 0 Demandware Com. USD0.01 24802Y105 2,397 75,500 0 0 75,500 01 75,500 0 0 DENBURY RESOURCES INC 247916208 452 28,000 0 0 28,000 03 28,000 0 0 DENDREON CORP 24823Q107 121 25,000 0 0 25,000 03 25,000 0 0 DENTSPLY INTERNATIONAL INC 249030107 2,170 56,900 0 0 56,900 03 56,900 0 0 Desarrolladora Homex ADR (1 Rep. 6 25030W100 546 40,000 0 0 40,000 01 40,000 0 0 DEVON ENERGY CORPORATION 25179M103 12,094 199,902 0 0 199,902 03 199,902 0 0 Diageo PLC Sponsored ADR 25243Q205 845 7,500 0 0 7,500 01 7,500 0 0 DIAMOND OFFSHORE DRILLING 25271C102 3,210 48,773 0 0 48,773 03 48,773 0 0 DIAMONDROCK HOSPITALITY CO 252784301 425 44,143 0 0 44,143 03 44,143 0 0 DICK'S SPORTING GOODS INC 253393102 104 2,001 0 0 2,001 03 2,001 0 0 --------- 58,467

Form 13F Information Table GAM Holding AG Page 15 of 51 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 Diebold Incorporated Common USD1.2 253651103 270 8,000 0 0 8,000 01 8,000 0 0 DIGITAL REALTY TRUST INC 253868103 3,424 49,024 0 0 49,024 03 49,024 0 0 Digital Realty Trust Inc. Com. USD 253868103 11,356 162,583 0 0 162,583 01 162,583 0 0 Digitalglobe Inc. Com. USD0.001 25389M877 541 26,540 0 0 26,540 01 26,540 0 0 DIRECTV Com. USD 0.01 25490A309 524 10,000 0 0 10,000 01 10,000 0 0 DIRECTV 25490A309 6,100 116,288 0 0 116,288 03 116,288 0 0 DISCOVER FINANCIAL SERVICES 254709108 2,745 69,079 0 0 69,079 03 69,079 0 0 DISCOVERY COMMUNICATIONS-A 25470F104 167 2,800 0 0 2,800 03 2,800 0 0 DISCOVERY COMMUNICATIONS-C 25470F302 140 2,500 0 0 2,500 03 2,500 0 0 DISH NETWORK CORP-A 25470M109 132 4,300 0 0 4,300 03 4,300 0 0 DISH Network Corp. Cls. A Com. USD 25470M109 582 19,000 0 0 19,000 01 19,000 0 0 DOLBY LABORATORIES INC-CL A 25659T107 33 1,000 0 0 1,000 03 1,000 0 0 DOLLAR GENERAL CORP 256677105 245 4,747 0 0 4,747 03 4,747 0 0 DOLLAR TREE INC 256746108 613 12,702 0 0 12,702 03 12,702 0 0 DOMINION RESOURCES INC/VA 25746U109 3,340 63,086 0 0 63,086 03 63,086 0 0 DOMTAR CORP 257559203 188 2,400 0 0 2,400 03 2,400 0 0 DOUGLAS EMMETT INC 25960P109 657 28,500 0 0 28,500 03 28,500 0 0 DOVER CORP 260003108 6,160 103,553 0 0 103,553 03 103,553 0 0 DOW CHEMICAL CO/THE 260543103 3,475 120,000 0 0 120,000 03 120,000 0 0 DR HORTON INC 23331A109 2,156 104,462 0 0 104,462 03 104,462 0 0 DR PEPPER SNAPPLE GROUP INC 26138E109 1,090 24,471 0 0 24,471 03 24,471 0 0 Dr Pepper Snapple Grp. Inc. Com. U 26138E109 445 10,000 0 0 10,000 01 10,000 0 0 DTE ENERGY COMPANY 233331107 228 3,800 0 0 3,800 03 3,800 0 0 Du Pont (E.I.) De Nemours USD0.30 263534109 41,334 822,237 0 0 822,237 01 822,237 0 0 Du Pont (E.I.) De Nemours USD0.30 263534109 4,487 89,262 0 0 89,262 02 89,262 0 0 --------- 90,433

Form 13F Information Table GAM Holding AG Page 16 of 51 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 DU PONT (E.I.) DE NEMOURS 263534109 6,670 132,684 0 0 132,684 03 132,684 0 0 DUKE ENERGY CORP 26441C204 1,720 26,545 0 0 26,545 03 26,545 0 0 DUKE REALTY CORP 264411505 936 63,701 0 0 63,701 03 63,701 0 0 DUN & BRADSTREET CORP 26483E100 88 1,100 0 0 1,100 03 1,100 0 0 DUPONT FABROS TECHNOLOGY 26613Q106 379 15,000 0 0 15,000 03 15,000 0 0 EASTGROUP PROPERTIES INC 277276101 261 4,900 0 0 4,900 03 4,900 0 0 EASTMAN CHEMICAL CO 277432100 279 4,900 0 0 4,900 03 4,900 0 0 Eastman Kodak Co Com. USD 2.50 277461109 80 428,915 0 0 428,915 01 428,915 0 0 Eastman Kodak Co Com. USD 2.50 277461109 13 72,297 0 0 72,297 02 72,297 0 0 EATON CORP 278058102 3,227 68,281 0 0 68,281 03 68,281 0 0 EATON VANCE CORP 278265103 67 2,300 0 0 2,300 03 2,300 0 0 EBAY INC 278642103 15,794 326,256 0 0 326,256 03 326,256 0 0 eBay Incorporated Common USD0.001 278642103 40,023 827,434 0 0 827,434 01 827,434 0 0 eBay Incorporated Common USD0.001 278642103 580 12,000 0 0 12,000 01 12,000 0 0 eBay Incorporated Common USD0.001 278642103 5,151 106,486 0 0 106,486 02 106,486 0 0 Echostar Corp. A Com. NPV 278768106 401 14,000 0 0 14,000 01 14,000 0 0 ECOLAB INC 278865100 8,234 127,048 0 0 127,048 03 127,048 0 0 ECOPETROL SA-SPONSORED ADR 279158109 295 5,000 0 0 5,000 03 5,000 0 0 Ecopetrol SA Spons. ADR (1 Rep. 20 279158109 306 5,200 0 0 5,200 01 5,200 0 0 EDISON INTERNATIONAL 281020107 1,681 36,800 0 0 36,800 03 36,800 0 0 EDUCATION REALTY TRUST INC 28140H104 258 23,700 0 0 23,700 03 23,700 0 0 Edward Lifesciences Corporation Co 28176E108 1,954 18,200 0 0 18,200 01 18,200 0 0 Edwards Group Ltd. ADR (1 Rep. 1 O 281736108 1,177 171,000 0 0 171,000 01 171,000 0 0 EDWARDS LIFESCIENCES CORP 28176E108 762 7,100 0 0 7,100 03 7,100 0 0 ELECTRONIC ARTS INC 285512109 1,011 79,680 0 0 79,680 03 79,680 0 0 --------- 91,349

Form 13F Information Table GAM Holding AG Page 17 of 51 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 Electronic Arts Inc. Common USD0.0 285512109 368 29,000 0 0 29,000 01 29,000 0 0 Eli Lilly & Co Com. NPV 532457108 1,309 27,620 0 0 27,620 01 27,620 0 0 ELI LILLY & CO 532457108 8,021 169,190 0 0 169,190 03 169,190 0 0 EMBRAER SA-ADR 29082A107 559 21,000 0 0 21,000 03 21,000 0 0 EMC Corp. 1.75% Cv. 01-12-2013 268648AM4 28,99716,850,000 0 016,850,000 01 16,850,000 0 0 EMC Corp. Massachusetts Common USD 268648102 16,674 611,340 0 0 611,340 01 611,340 0 0 EMC CORP/MA 268648102 19,979 732,545 0 0 732,545 03 732,545 0 0 EMERGENT BIOSOLUTIONS INC 29089Q105 242 17,000 0 0 17,000 03 17,000 0 0 EMERSON ELECTRIC CO 291011104 13,894 287,846 0 0 287,846 03 287,846 0 0 EMPRESA NAC ELEC-CHIL-SP ADR 29244T101 767 16,000 0 0 16,000 03 16,000 0 0 ENERGEN CORP 29265N108 73 1,400 0 0 1,400 03 1,400 0 0 ENERGIZER HOLDINGS INC 29266R108 104 1,400 0 0 1,400 03 1,400 0 0 Energizer Holdings Inc. Common USD 29266R108 597 8,000 0 0 8,000 01 8,000 0 0 Energy Select Sector SPDR Fund 81369Y506 734 10,000 0 0 10,000 01 10,000 0 0 ENERNOC INC 292764107 585 45,100 0 0 45,100 03 45,100 0 0 ENERSIS S.A. -SPONS ADR 29274F104 2,462 150,198 0 0 150,198 03 150,198 0 0 EnerSys Inc Com. USD 0.01 29275Y102 6,498 184,138 0 0 184,138 01 184,138 0 0 Enova Systems Inc. Ord. NPV 29355M200 111 1,060,970 0 0 1,060,970 01 1,060,970 0 0 Enova Systems Inc. Ord. NPV 29355M200 43 405,462 0 0 405,462 02 405,462 0 0 ENPHASE ENERGY INC 29355A107 305 73,700 0 0 73,700 03 73,700 0 0 ENTERGY CORP 29364G103 3,663 52,850 0 0 52,850 03 52,850 0 0 ENTERTAINMENT PROPERTIES TR 29380T105 475 10,700 0 0 10,700 03 10,700 0 0 EOG RESOURCES INC 26875P101 2,881 25,708 0 0 25,708 03 25,708 0 0 --------- 109,343

Form 13F Information Table GAM Holding AG Page 18 of 51 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 EQT CORP 26884L109 225 3,819 0 0 3,819 03 3,819 0 0 EQUIFAX INC 294429105 196 4,200 0 0 4,200 03 4,200 0 0 EQUINIX INC 29444U502 227 1,103 0 0 1,103 03 1,103 0 0 Equinix Inc. Common USD0.001 29444U502 1,240 6,020 0 0 6,020 01 6,020 0 0 EQUITY LIFESTYLE PROPERTIES 29472R108 593 8,700 0 0 8,700 03 8,700 0 0 EQUITY ONE INC 294752100 331 15,700 0 0 15,700 03 15,700 0 0 EQUITY RESIDENTIAL 29476L107 5,805 100,900 0 0 100,900 03 100,900 0 0 ESSEX PROPERTY TRUST INC 297178105 1,171 7,900 0 0 7,900 03 7,900 0 0 ESTEE LAUDER COMPANIES-CL A 518439104 12,628 205,100 0 0 205,100 03 205,100 0 0 EXELIS INC 30162A108 1,324 128,000 0 0 128,000 03 128,000 0 0 Exelis Inc. Com. NPV 30162A108 124 12,000 0 0 12,000 01 12,000 0 0 EXELON CORP 30161N101 7,773 218,452 0 0 218,452 03 218,452 0 0 EXPEDITORS INTL WASH INC 302130109 2,283 62,800 0 0 62,800 03 62,800 0 0 Expeditors Intl. Wash Inc. Com. US 302130109 498 13,710 0 0 13,710 01 13,710 0 0 EXPRESS SCRIPTS HOLDING CO 30219G108 9,569 152,692 0 0 152,692 03 152,692 0 0 EXTRA SPACE STORAGE INC 30225T102 738 22,200 0 0 22,200 03 22,200 0 0 EXXON MOBIL CORP 30231G102 78,964 863,468 0 0 863,468 03 863,468 0 0 Exxon Mobil Corp. Com. NPV 30231G102 297 3,250 0 0 3,250 01 3,250 0 0 Exxon Mobil Corp. Com. NPV 30231G102 183 2,000 0 0 2,000 01 2,000 0 0 F5 NETWORKS INC 315616102 1,026 9,800 0 0 9,800 03 9,800 0 0 FACEBOOK INC-A 30303M102 208 9,595 0 0 9,595 03 9,595 0 0 Facebook Inc. Com. 0.000001 30303M102 3,131 144,600 0 0 144,600 01 144,600 0 0 FAMILY DOLLAR STORES 307000109 152 2,299 0 0 2,299 03 2,299 0 0 FASTENAL CO 311900104 984 22,900 0 0 22,900 03 22,900 0 0 Federal Mogul Corp. Com. USD0.01 313549404 458 50,000 0 0 50,000 01 50,000 0 0 --------- 130,128

Form 13F Information Table GAM Holding AG Page 19 of 51 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 FEDERAL REALTY INVS TRUST 313747206 1,611 15,300 0 0 15,300 03 15,300 0 0 FEDEX CORP 31428X106 3,139 37,100 0 0 37,100 03 37,100 0 0 FELCOR LODGING TRUST INC 31430F101 146 30,840 0 0 30,840 03 30,840 0 0 FIDELITY NATIONAL FINL-A 31620R105 93 4,367 0 0 4,367 03 4,367 0 0 FIDELITY NATIONAL INFORMATIO 31620M106 156 4,997 0 0 4,997 03 4,997 0 0 Fifth & Pacific Co Inc Com. USD 1. 316645100 747 58,434 0 0 58,434 01 58,434 0 0 FIFTH THIRD BANCORP 316773100 1,988 128,200 0 0 128,200 03 128,200 0 0 FINANCIAL SELECT SECTOR SPDR 81369Y605 7,378 473,000 0 0 473,000 03 473,000 0 0 FIRST INDUSTRIAL REALTY TR 32054K103 275 20,900 0 0 20,900 03 20,900 0 0 FIRST POTOMAC REALTY TRUST 33610F109 152 11,800 0 0 11,800 03 11,800 0 0 FIRST REPUBLIC BANK/CA 33616C100 61 1,763 0 0 1,763 03 1,763 0 0 FIRST SOLAR INC 336433107 664 30,000 0 0 30,000 03 30,000 0 0 First Solar Inc. Com. USD0.001 336433107 10,928 493,492 0 0 493,492 01 493,492 0 0 First Solar Inc. Com. USD0.001 336433107 1,365 61,633 0 0 61,633 02 61,633 0 0 FIRSTENERGY CORP 337932107 1,943 44,056 0 0 44,056 03 44,056 0 0 FISERV INC 337738108 2,939 39,700 0 0 39,700 03 39,700 0 0 Fisher Communications Inc. Com. US 337756209 460 12,500 0 0 12,500 01 12,500 0 0 FLEXTRONICS INTL LTD Y2573F102 99 16,498 0 0 16,498 03 16,498 0 0 FLIR SYSTEMS INC 302445101 80 4,000 0 0 4,000 03 4,000 0 0 FLOWSERVE CORP 34354P105 3,334 26,100 0 0 26,100 03 26,100 0 0 Flowserve Corporation Common USD1. 34354P105 383 3,000 0 0 3,000 01 3,000 0 0 FLUOR CORP 343412102 1,315 23,369 0 0 23,369 03 23,369 0 0 FMC CORP 302491303 155 2,800 0 0 2,800 03 2,800 0 0 FMC TECHNOLOGIES INC 30249U101 241 5,200 0 0 5,200 03 5,200 0 0 FOCUS MEDIA HOLDING-ADR 34415V109 679 29,000 0 0 29,000 03 29,000 0 0 --------- 40,331

Form 13F Information Table GAM Holding AG Page 20 of 51 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 Fomento Economico Mex ADR SAB (Rep 344419106 230 2,500 0 0 2,500 01 2,500 0 0 FORD MOTOR CO 345370860 5,185 525,900 0 0 525,900 03 525,900 0 0 Ford Motor Company 4.25% Cv. 15-11 345370CN8 6,157 4,492,000 0 0 4,492,000 01 4,492,000 0 0 FOREST CITY ENTERPRISES-CL A 345550107 526 33,200 0 0 33,200 03 33,200 0 0 FOREST LABORATORIES INC 345838106 3,367 94,542 0 0 94,542 03 94,542 0 0 Fortune Brands Home & Security Com 34964C106 216 8,000 0 0 8,000 01 8,000 0 0 FOSSIL INC 349882100 2,304 27,200 0 0 27,200 03 27,200 0 0 FRANKLIN RESOURCES INC 354613101 5,153 41,200 0 0 41,200 03 41,200 0 0 Fred's Incorporated Class A Common 356108100 9,965 700,000 0 0 700,000 01 700,000 0 0 FREEPORT-MCMORAN COPPER 35671D857 15,378 388,534 0 0 388,534 03 388,534 0 0 FRONTIER COMMUNICATIONS CORP 35906A108 108 22,062 0 0 22,062 03 22,062 0 0 Fusion-Io Inc. Com. USD0.0002 36112J107 1,332 44,000 0 0 44,000 01 44,000 0 0 GAFISA SA-ADR 362607301 332 76,000 0 0 76,000 03 76,000 0 0 GAMESTOP CORP-CLASS A 36467W109 687 32,700 0 0 32,700 03 32,700 0 0 GameStop Corp. Class A Com. USD0.0 36467W109 470 22,405 0 0 22,405 01 22,405 0 0 GANNETT CO 364730101 1,211 68,210 0 0 68,210 03 68,210 0 0 GAP INC/THE 364760108 638 17,827 0 0 17,827 03 17,827 0 0 GATX Corporation Common USD0.625 361448103 509 12,000 0 0 12,000 01 12,000 0 0 Gaylord Entmt. Company Class A USD 367905106 830 21,000 0 0 21,000 01 21,000 0 0 GENERAL DYNAMICS CORP 369550108 1,760 26,620 0 0 26,620 03 26,620 0 0 GENERAL ELECTRIC CO 369604103 46,223 2,035,376 0 0 2,035,376 03 2,035,376 0 0 General Electric Co. Com. USD0.06 369604103 73,182 3,221,892 0 0 3,221,892 01 3,221,892 0 0 General Electric Co. Com. USD0.06 369604103 9,776 430,369 0 0 430,369 02 430,369 0 0 GENERAL GROWTH PROPERTIES 370023103 2,594 133,151 0 0 133,151 03 133,151 0 0 GENERAL MILLS INC 370334104 2,733 68,584 0 0 68,584 03 68,584 0 0 --------- 190,867

Form 13F Information Table GAM Holding AG Page 21 of 51 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 MOT 10.7.16 CW/GM 37045V118 334 24,261 0 0 24,261 03 24,261 0 0 GENERAL MOT 10.7.19 CW/GM 37045V126 200 24,261 0 0 24,261 03 24,261 0 0 GENERAL MOTORS CO 37045V100 989 43,488 0 0 43,488 03 43,488 0 0 General Motors Co. Com. USD0.01 37045V100 73 3,190 0 0 3,190 01 3,190 0 0 General Motors Cw16 Wts 10-07-2016 37045V118 2 131 0 0 131 01 131 0 0 General Motors Cw19 Wts. 10-07-201 37045V126 1 131 0 0 131 01 131 0 0 GENIE ENERGY LTD-B 372284208 1,864 260,000 0 0 260,000 03 260,000 0 0 Gentiva Health Services Inc. Com. 37247A102 170 15,000 0 0 15,000 01 15,000 0 0 GENUINE PARTS CO 372460105 220 3,600 0 0 3,600 03 3,600 0 0 Genuine Parts Company Common USD1. 372460105 1,953 32,000 0 0 32,000 01 32,000 0 0 GENWORTH FINANCIAL INC-CL A 37247D106 312 59,600 0 0 59,600 03 59,600 0 0 GeoEye Inc Com. USD 0.01 37250W108 173 6,560 0 0 6,560 01 6,560 0 0 GERDAU SA -SPON ADR 373737105 922 97,000 0 0 97,000 03 97,000 0 0 GETTY REALTY CORP 374297109 119 6,630 0 0 6,630 03 6,630 0 0 GEVO INC 374396109 83 38,900 0 0 38,900 03 38,900 0 0 Giant Interactive Group-Spon. ADR 374511103 1,295 250,000 0 0 250,000 01 250,000 0 0 GILEAD SCIENCES INC 375558103 16,598 250,227 0 0 250,227 03 250,227 0 0 Gilead Sciences Incorporated Commo 375558103 492 7,425 0 0 7,425 01 7,425 0 0 GLIMCHER REALTY TRUST 379302102 439 41,550 0 0 41,550 03 41,550 0 0 GLOBAL X FTSE COLOMB 20 ETF 37950E200 5 232 0 0 232 03 232 0 0 GLOBAL X SILVER MINERS ETF 37950E853 747 30,000 0 0 30,000 03 30,000 0 0 GM 4 3/4 12/01/13 37045V209 1,211 32,493 0 0 32,493 03 32,493 0 0 GOLD FIELDS LTD-SPONS ADR 38059T106 8,622 671,000 0 0 671,000 03 671,000 0 0 Goldcorp Inc. 2% Cv. 01-08-2014 380956AB8 17,325 14,280,000 0 014,280,000 01 14,280,000 0 0 -------- 54,151

Form 13F Information Table GAM Holding AG Page 22 of 51 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 Golden Minerals Co. Com. USD0.01 381119106 38 7,232 0 0 7,232 01 7,232 0 0 GOLDMAN SACHS GROUP INC 38141G104 8,549 75,199 0 0 75,199 03 75,199 0 0 GOODYEAR TIRE & RUBBER CO 382550101 304 24,900 0 0 24,900 03 24,900 0 0 GOOGLE INC-CL A 38259P508 49,302 65,344 0 0 65,344 03 65,344 0 0 Google Incorporated Com. Cl A USD0 38259P508 21,428 28,400 0 0 28,400 01 28,400 0 0 GOVERNMENT PROPERTIES INCOME 38376A103 184 7,870 0 0 7,870 03 7,870 0 0 GREEN MOUNTAIN COFFEE ROASTE 393122106 624 26,286 0 0 26,286 03 26,286 0 0 Griffon Corporation Common USD0.25 398433102 700 68,000 0 0 68,000 01 68,000 0 0 Grupo Televisa SA-Sp ADR (1 Rep 5 40049J206 705 30,000 0 0 30,000 01 30,000 0 0 Grupo Televisa SA-Sp ADR (1 Rep 5 40049J206 682 29,000 0 0 29,000 01 29,000 0 0 GT Advanced Technologies Inc Com. 36191U106 561 103,060 0 0 103,060 01 103,060 0 0 GT ADVANCED TECHNOLOGIES INC 36191U106 527 96,700 0 0 96,700 03 96,700 0 0 H&R BLOCK INC 093671105 2,687 155,030 0 0 155,030 03 155,030 0 0 HALLIBURTON CO 406216101 5,000 148,400 0 0 148,400 03 148,400 0 0 Halliburton Company Common USD2.50 406216101 889 26,380 0 0 26,380 01 26,380 0 0 HALOZYME THERAPEUTICS INC 40637H109 151 20,000 0 0 20,000 03 20,000 0 0 Hanesbrands Inc. Common USD0.01 410345102 1,753 54,991 0 0 54,991 01 54,991 0 0 HARLEY-DAVIDSON INC 412822108 1,563 36,900 0 0 36,900 03 36,900 0 0 HARMONY GOLD MNG-SPON ADR 413216300 5,415 643,850 0 0 643,850 03 643,850 0 0 HARRIS CORP 413875105 3,273 63,900 0 0 63,900 03 63,900 0 0 HARTFORD FINANCIAL SVCS GRP 416515104 2,857 146,940 0 0 146,940 03 146,940 0 0 HASBRO INC 418056107 99 2,600 0 0 2,600 03 2,600 0 0 HCA HOLDINGS INC 40412C101 136 4,100 0 0 4,100 03 4,100 0 0 HCP INC 40414L109 4,704 105,762 0 0 105,762 03 105,762 0 0 --------- 112,131

Form 13F Information Table GAM Holding AG Page 23 of 51 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 HDFC BANK LTD-ADR 40415F101 413 11,000 0 0 11,000 03 11,000 0 0 HDFC Bank Ltd. Spon. ADR (1 Rep. 3 40415F101 301 8,000 0 0 8,000 01 8,000 0 0 HEALTH CARE REIT INC 42217K106 4,679 81,017 0 0 81,017 03 81,017 0 0 HEALTHCARE REALTY TRUST INC 421946104 438 19,000 0 0 19,000 03 19,000 0 0 HELMERICH & PAYNE 423452101 3,926 82,466 0 0 82,466 03 82,466 0 0 HENRY SCHEIN INC 806407102 198 2,500 0 0 2,500 03 2,500 0 0 HERSHEY CO/THE 427866108 334 4,709 0 0 4,709 03 4,709 0 0 HERTZ GLOBAL HOLDINGS INC 42805T105 70 5,100 0 0 5,100 03 5,100 0 0 Hertz Global Holdings Inc. 5.25% C 42805TAA3 10,218 5,592,000 0 0 5,592,000 01 5,592,000 0 0 HESS CORP 42809H107 5,970 111,131 0 0 111,131 03 111,131 0 0 Hess Corporation Common USD1.00 42809H107 403 7,500 0 0 7,500 01 7,500 0 0 HEWLETT-PACKARD CO 428236103 7,648 448,279 0 0 448,279 03 448,279 0 0 Hewlett Packard Co. Common USD0.01 428236103 19,475 1,141,932 0 0 1,141,932 01 1,141,932 0 0 Hewlett Packard Co. Common USD0.01 428236103 2,936 172,161 0 0 172,161 02 172,161 0 0 HIGHWOODS PROPERTIES INC 431284108 548 16,800 0 0 16,800 03 16,800 0 0 HILLSHIRE BRANDS CO 432589109 2,142 80,000 0 0 80,000 03 80,000 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 13,733 512,800 0 0 512,800 01 512,800 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 295 11,000 0 0 11,000 01 11,000 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 2,011 75,078 0 0 75,078 02 75,078 0 0 HJ HEINZ CO 423074103 1,238 22,120 0 0 22,120 03 22,120 0 0 HJ Heinz Co. Common USD0.25 423074103 13,613 243,300 0 0 243,300 01 243,300 0 0 HOLLYFRONTIER CORP 436106108 202 4,900 0 0 4,900 03 4,900 0 0 HOLOGIC INC 436440101 737 36,412 0 0 36,412 03 36,412 0 0 --------- 91,526

Form 13F Information Table GAM Holding AG Page 24 of 51 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 Hologic Inc. 2% Step Cv. 15-12-203 436440AB7 1,682 1,500,000 0 0 1,500,000 01 1,500,000 0 0 Hologic Inc. Common USD0.01 436440101 2,235 110,510 0 0 110,510 01 110,510 0 0 HOME DEPOT INC 437076102 20,264 335,665 0 0 335,665 03 335,665 0 0 Home Depot Incorporated Common USD 437076102 8,294 137,390 0 0 137,390 01 137,390 0 0 HOME INNS & HOTELS MANAG-ADR 43713W107 719 29,000 0 0 29,000 03 29,000 0 0 HOME PROPERTIES INC 437306103 631 10,300 0 0 10,300 03 10,300 0 0 HONEYWELL INTERNATIONAL INC 438516106 5,581 93,400 0 0 93,400 03 93,400 0 0 Honeywell Intl Inc Com USD1 438516106 657 11,000 0 0 11,000 01 11,000 0 0 HORMEL FOODS CORP 440452100 82 2,800 0 0 2,800 03 2,800 0 0 HOSPIRA INC 441060100 1,726 52,580 0 0 52,580 03 52,580 0 0 HOSPITALITY PROPERTIES TRUST 44106M102 614 25,810 0 0 25,810 03 25,810 0 0 HOST HOTELS & RESORTS INC 44107P104 2,777 173,034 0 0 173,034 03 173,034 0 0 HUDSON CITY BANCORP INC 443683107 181 22,800 0 0 22,800 03 22,800 0 0 HUMANA INC 444859102 4,034 57,500 0 0 57,500 03 57,500 0 0 HUNT (JB) TRANSPRT SVCS INC 445658107 120 2,300 0 0 2,300 03 2,300 0 0 HUNTINGTON BANCSHARES INC 446150104 660 95,616 0 0 95,616 04 95,616 0 0 Huntsman Corporation Common USD0.0 447011107 10,821 725,000 0 0 725,000 01 725,000 0 0 IAC/InterActiveCorp Common USD0.01 44919P508 889 17,080 0 0 17,080 01 17,080 0 0 ICICI BANK LTD-SPON ADR 45104G104 498 12,400 0 0 12,400 03 12,400 0 0 ICU Medical Incorporated Common US 44930G107 9,069 150,000 0 0 150,000 01 150,000 0 0 IHS INC-CLASS A 451734107 1,733 17,800 0 0 17,800 03 17,800 0 0 IHS Inc. Common USD0.01 Class A 451734107 1,637 16,820 0 0 16,820 01 16,820 0 0 Illinois Tool Works Common USD0.01 452308109 196 3,300 0 0 3,300 01 3,300 0 0 ILLINOIS TOOL WORKS 452308109 1,445 24,300 0 0 24,300 03 24,300 0 0 ILLUMINA INC 452327109 1,085 22,500 0 0 22,500 03 22,500 0 0 IMMUNOGEN INC 45253H101 115 7,900 0 0 7,900 03 7,900 0 0 --------- 77,745

Form 13F Information Table GAM Holding AG Page 25 of 51 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 INCYTE CORP 45337C102 498 27,600 0 0 27,600 03 27,600 0 0 INDIA FUND INC 454089103 38 1,617 0 0 1,617 03 1,617 0 0 Infinity Property & Casualty Commo 45665Q103 7,553 125,000 0 0 125,000 01 125,000 0 0 INFOSYS LTD-SP ADR 456788108 5,224 107,630 0 0 107,630 03 107,630 0 0 INGERSOLL-RAND PLC G47791101 296 6,598 0 0 6,598 03 6,598 0 0 INLAND REAL ESTATE CORP 457461200 139 16,900 0 0 16,900 03 16,900 0 0 INSULET CORP 45784P101 1,187 55,000 0 0 55,000 03 55,000 0 0 INTEGRATED DEVICE TECH INC 458118106 294 50,000 0 0 50,000 03 50,000 0 0 INTEGRYS ENERGY GROUP INC 45822P105 73 1,400 0 0 1,400 03 1,400 0 0 Intel Corp 3.25% Cv. 01-08-2039 458140AF7 24,33519,540,000 0 019,540,000 01 19,540,000 0 0 INTEL CORP 458140100 37,626 1,658,997 0 0 1,658,997 03 1,658,997 0 0 INTERCONTINENTALEXCHANGE INC 45865V100 1,147 8,600 0 0 8,600 03 8,600 0 0 INTERCONTINENTALEXCHANGE INC 45865V100 455 3,415 0 0 3,415 04 3,415 0 0 Intermec Incorporated Common USD0. 458786100 62 10,000 0 0 10,000 01 10,000 0 0 Internap Network Services Common U 45885A300 212 30,000 0 0 30,000 01 30,000 0 0 INTERNATIONAL PAPER CO 460146103 2,147 59,100 0 0 59,100 03 59,100 0 0 INTERPUBLIC GROUP OF COS INC 460690100 97 8,700 0 0 8,700 03 8,700 0 0 INTL BUSINESS MACHINES CORP 459200101 59,299 285,847 0 0 285,847 03 285,847 0 0 INTL FLAVORS & FRAGRANCES 459506101 113 1,900 0 0 1,900 03 1,900 0 0 INTL GAME TECHNOLOGY 459902102 336 25,700 0 0 25,700 03 25,700 0 0 Intl. Business Machines Corp. Com 459200101 7,057 34,020 0 0 34,020 01 34,020 0 0 INTUIT INC 461202103 2,326 39,500 0 0 39,500 03 39,500 0 0 INTUITIVE SURGICAL INC 46120E602 5,823 11,748 0 0 11,748 03 11,748 0 0 InvenSense Inc. Com. 0.001 46123D205 2,989 250,000 0 0 250,000 01 250,000 0 0 --------- 159,325

Form 13F Information Table GAM Holding AG Page 26 of 51 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 INVESTORS REAL ESTATE TRUST 461730103 241 29,200 0 0 29,200 03 29,200 0 0 IPATH MSCI INDIA INDEX ETN 06739F291 831 14,154 0 0 14,154 03 14,154 0 0 IRON MOUNTAIN INC 462846106 99 2,903 0 0 2,903 03 2,903 0 0 Ishares FTSE China 25 Index Fund 464287184 484 14,000 0 0 14,000 01 14,000 0 0 ISHARES FTSE CHINA 25 INDEX 464287184 1,513 43,715 0 0 43,715 03 43,715 0 0 ISHARES IBOXX H/Y CORP BOND 464288513 462 5,000 0 0 5,000 03 5,000 0 0 ISHARES MSCI ASIA EX-JAPAN 464288182 113 2,000 0 0 2,000 03 2,000 0 0 ISHARES MSCI AUSTRALIA INDEX 464286103 2,481 104,285 0 0 104,285 03 104,285 0 0 ISHARES MSCI BRAZIL 464286400 2,034 37,637 0 0 37,637 03 37,637 0 0 ISHARES MSCI EMERGING MKT IN 464287234 11,842 286,590 0 0 286,590 03 286,590 0 0 ISHARES MSCI HONG KONG INDEX 464286871 10,045 551,909 0 0 551,909 03 551,909 0 0 ISHARES MSCI INDONESIA INVES 46429B309 11,772 394,100 0 0 394,100 03 394,100 0 0 ISHARES MSCI MALAYSIA 464286830 12,817 879,703 0 0 879,703 03 879,703 0 0 ISHARES MSCI MEXICO INVESTAB 464286822 4,657 71,219 0 0 71,219 03 71,219 0 0 ISHARES MSCI PACIFIC EX JPN 464286665 10,925 245,010 0 0 245,010 03 245,010 0 0 ISHARES MSCI SINGAPORE 464286673 7,699 574,148 0 0 574,148 03 574,148 0 0 ISHARES MSCI SOUTH AFRICA 464286780 7,374 110,473 0 0 110,473 03 110,473 0 0 ISHARES MSCI SOUTH KOREA IND 464286772 2,277 38,500 0 0 38,500 03 38,500 0 0 iShares MSCI South Korea Index Fun 464286772 414 7,000 0 0 7,000 01 7,000 0 0 ISHARES MSCI SWEDEN INDEX FD 464286756 5,792 204,955 0 0 204,955 03 204,955 0 0 ISHARES MSCI TAIWAN INDEX FD 464286731 5,042 377,410 0 0 377,410 03 377,410 0 0 ISHARES MSCI THAILAND INVSTB 464286624 6,673 88,000 0 0 88,000 03 88,000 0 0 ISHARES NASDAQ BIOTECH INDX 464287556 856 6,000 0 0 6,000 03 6,000 0 0 ISHARES S&P LATIN AMERICA 40 464287390 170 4,000 0 0 4,000 03 4,000 0 0 ISIS PHARMACEUTICALS INC 464330109 84 6,000 0 0 6,000 03 6,000 0 0 --------- 106,698

Form 13F Information Table GAM Holding AG Page 27 of 51 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 465562106 7,733 506,074 0 0 506,074 03 506,074 0 0 Itau Unibanco Holding Pref. ADR (1 465562106 611 40,000 0 0 40,000 01 40,000 0 0 ITC HOLDINGS CORP 465685105 537 7,100 0 0 7,100 03 7,100 0 0 ITRON INC 465741106 4,207 97,500 0 0 97,500 03 97,500 0 0 Itron Inc. Com. NPV 465741106 10,834 251,208 0 0 251,208 01 251,208 0 0 ITT Corp-W/I Com. NPV 450911201 141 7,000 0 0 7,000 01 7,000 0 0 J.C. PENNEY CO INC 708160106 92 3,800 0 0 3,800 03 3,800 0 0 J.P. Morgan Chase & Co. Com. USD1. 46625H100 496 12,250 0 0 12,250 01 12,250 0 0 J.P. Morgan Chase & Co. Com. USD1. 46625H100 385 9,500 0 0 9,500 01 9,500 0 0 JABIL CIRCUIT INC 466313103 562 30,000 0 0 30,000 03 30,000 0 0 Jabil Circuit Inc. Com. USD0.001 466313103 101 5,420 0 0 5,420 01 5,420 0 0 JACOBS ENGINEERING GROUP INC 469814107 3,081 76,205 0 0 76,205 03 76,205 0 0 Janus Capital Group Inc. Com. USD 47102X105 189 20,000 0 0 20,000 01 20,000 0 0 JC Penney Co Inc Com. USD 0.50 708160106 357 14,700 0 0 14,700 01 14,700 0 0 JDS UNIPHASE CORP 46612J507 2,105 170,000 0 0 170,000 03 170,000 0 0 JDS Uniphase Corp. Common USD0.001 46612J507 638 51,498 0 0 51,498 01 51,498 0 0 JM SMUCKER CO/THE 832696405 1,459 16,902 0 0 16,902 03 16,902 0 0 Johnson & Johnson Common USD1.00 478160104 12,562 182,290 0 0 182,290 01 182,290 0 0 JOHNSON & JOHNSON 478160104 51,367 745,415 0 0 745,415 03 745,415 0 0 JOHNSON CONTROLS INC 478366107 7,343 268,000 0 0 268,000 03 268,000 0 0 Johnson Controls Inc. Common USD0. 478366107 4,164 151,978 0 0 151,978 01 151,978 0 0 JONES LANG LASALLE INC 48020Q107 2,844 37,250 0 0 37,250 03 37,250 0 0 JOY GLOBAL INC 481165108 2,259 40,300 0 0 40,300 03 40,300 0 0 JPMORGAN CHASE & CO 46625H100 41,729 1,030,849 0 0 1,030,849 03 1,030,849 0 0 JUNIPER NETWORKS INC 48203R104 2,577 150,600 0 0 150,600 03 150,600 0 0 --------- 158,372

Form 13F Information Table GAM Holding AG Page 28 of 51 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 Kaman Corporation Common USD1.00 483548103 323 9,000 0 0 9,000 01 9,000 0 0 Kansas City Southern Com. USD0.01 485170302 182 2,400 0 0 2,400 01 2,400 0 0 KANSAS CITY SOUTHERN 485170302 152 2,000 0 0 2,000 03 2,000 0 0 Kayak Software Corp. Com. USD0.001 486577109 2,335 66,100 0 0 66,100 01 66,100 0 0 KBR INC 48242W106 83 2,800 0 0 2,800 03 2,800 0 0 KELLOGG CO 487836108 796 15,400 0 0 15,400 03 15,400 0 0 KEYCORP 493267108 156 17,800 0 0 17,800 03 17,800 0 0 KEYCORP 493267108 654 74,886 0 0 74,886 04 74,886 0 0 KILROY REALTY CORP 49427F108 701 15,660 0 0 15,660 03 15,660 0 0 KIMBERLY-CLARK CORP 494368103 2,838 33,085 0 0 33,085 03 33,085 0 0 Kimberly-Clark Corporation Com. US 494368103 6,413 74,760 0 0 74,760 01 74,760 0 0 KIMCO REALTY CORP 49446R109 1,913 94,400 0 0 94,400 03 94,400 0 0 KINDER MORGAN INC 49456B101 352 9,900 0 0 9,900 03 9,900 0 0 Kinder Morgan Inc/Delaware Com. US 49456B101 284 8,000 0 0 8,000 01 8,000 0 0 KINDER MORGAN MANAGEMENT LLC 49455U100 83 1,086 0 0 1,086 03 1,086 0 0 KIOR INC - CL A 497217109 259 27,800 0 0 27,800 03 27,800 0 0 KITE REALTY GROUP TRUST 49803T102 126 24,800 0 0 24,800 03 24,800 0 0 KLA-TENCOR CORPORATION 482480100 1,589 33,300 0 0 33,300 03 33,300 0 0 KODIAK OIL & GAS CORP 50015Q100 87 9,300 0 0 9,300 03 9,300 0 0 KOHLS CORP 500255104 2,120 41,382 0 0 41,382 03 41,382 0 0 KOREA ELEC POWER CORP-SP ADR 500631106 4,576 368,475 0 0 368,475 03 368,475 0 0 KRAFT FOODS INC-CLASS A 50075N104 16,366 395,802 0 0 395,802 03 395,802 0 0 KROGER CO 501044101 1,700 72,200 0 0 72,200 03 72,200 0 0 KT CORP-SP ADR 48268K101 7,244 463,047 0 0 463,047 03 463,047 0 0 L-3 COMMUNICATIONS HOLDINGS 502424104 6,942 96,800 0 0 96,800 03 96,800 0 0 LABORATORY CRP OF AMER HLDGS 50540R409 2,136 23,100 0 0 23,100 03 23,100 0 0 --------- 60,408

Form 13F Information Table GAM Holding AG Page 29 of 51 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 LAM RESEARCH CORP 512807108 521 16,383 0 0 16,383 03 16,383 0 0 Lam Research Corp. 1.25% Cv. 15-05 512807AL2 13,568 14,000,000 0 014,000,000 01 14,000,000 0 0 Landstar System Inc. Common USD0.0 515098101 568 12,020 0 0 12,020 01 12,020 0 0 LAS VEGAS SANDS CORP 517834107 1,492 32,172 0 0 32,172 03 32,172 0 0 Las Vegas Sands Corp. Com. USD0.00 517834107 464 10,000 0 0 10,000 01 10,000 0 0 LASALLE HOTEL PROPERTIES 517942108 518 19,400 0 0 19,400 03 19,400 0 0 LATAM AIRLINES GROUP-SP ADR 501723100 758 30,000 0 0 30,000 03 30,000 0 0 LEGG MASON INC 524901105 318 12,900 0 0 12,900 03 12,900 0 0 LEGGETT & PLATT INC 524660107 80 3,200 0 0 3,200 03 3,200 0 0 LENNAR CORP-A 526057104 1,547 44,500 0 0 44,500 03 44,500 0 0 LEUCADIA NATIONAL CORP 527288104 93 4,100 0 0 4,100 03 4,100 0 0 LEVEL 3 COMMUNICATIONS INC 52729N308 79 3,447 0 0 3,447 03 3,447 0 0 LEXINGTON REALTY TRUST 529043101 333 34,521 0 0 34,521 03 34,521 0 0 LEXMARK INTERNATIONAL INC-A 529771107 334 15,000 0 0 15,000 03 15,000 0 0 LIBERTY GLOBAL INC-A 530555101 184 3,025 0 0 3,025 03 3,025 0 0 LIBERTY GLOBAL INC-SERIES C 530555309 113 2,000 0 0 2,000 03 2,000 0 0 Liberty Global Inc. Class A Com. U 530555101 972 16,000 0 0 16,000 01 16,000 0 0 LIBERTY INTERACTIVE CORP-A 53071M104 235 12,700 0 0 12,700 03 12,700 0 0 Liberty Interactive Corp. A Com. U 53071M104 92 5,000 0 0 5,000 01 5,000 0 0 LIBERTY MEDIA CORP - LIBER-A 530322106 250 2,404 0 0 2,404 03 2,404 0 0 Liberty Media Corp - Liberty-A Com 530322106 508 4,881 0 0 4,881 01 4,881 0 0 LIBERTY PROPERTY TRUST 531172104 939 25,900 0 0 25,900 03 25,900 0 0 Liberty Ventures Com. NPV NPR 17-1 53071M112 1 84 0 0 84 01 84 0 0 -------- 23,967

Form 13F Information Table GAM Holding AG Page 30 of 51 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 Liberty Ventures Com. NPV 53071M880 104 2,100 0 0 2,100 01 2,100 0 0 LIFE TECHNOLOGIES CORP 53217V109 1,595 32,639 0 0 32,639 03 32,639 0 0 LIMITED BRANDS INC 532716107 1,749 35,500 0 0 35,500 03 35,500 0 0 LINCOLN NATIONAL CORP 534187109 704 29,100 0 0 29,100 03 29,100 0 0 LINDSAY CORP 535555106 1,152 16,000 0 0 16,000 03 16,000 0 0 LINEAR TECHNOLOGY CORP 535678106 2,153 67,600 0 0 67,600 03 67,600 0 0 LINKEDIN CORP - A 53578A108 139 1,157 0 0 1,157 03 1,157 0 0 Linkedin Corp. A Com. USD0.0001 53578A108 3,293 27,350 0 0 27,350 01 27,350 0 0 LKQ CORP 501889208 3,710 200,560 0 0 200,560 03 200,560 0 0 LOCKHEED MARTIN CORP 539830109 570 6,100 0 0 6,100 03 6,100 0 0 LOEWS CORP 540424108 268 6,500 0 0 6,500 03 6,500 0 0 LORILLARD INC 544147101 1,147 9,853 0 0 9,853 03 9,853 0 0 Louisiana-Pacific Corp. Com. USD 1 546347105 1,007 80,595 0 0 80,595 01 80,595 0 0 Lowe's Companies Inc. Common USD0. 548661107 379 12,540 0 0 12,540 01 12,540 0 0 LOWE'S COS INC 548661107 4,692 155,154 0 0 155,154 03 155,154 0 0 LSB INDUSTRIES INC 502160104 4,387 100,000 0 0 100,000 03 100,000 0 0 LSI CORP 502161102 496 71,800 0 0 71,800 03 71,800 0 0 LTC PROPERTIES INC 502175102 182 5,700 0 0 5,700 03 5,700 0 0 LULULEMON ATHLETICA INC 550021109 148 2,000 0 0 2,000 03 2,000 0 0 M & T BANK CORP 55261F104 219 2,300 0 0 2,300 03 2,300 0 0 MACERICH CO/THE 554382101 1,746 30,505 0 0 30,505 03 30,505 0 0 MACK-CALI REALTY CORP 554489104 478 17,960 0 0 17,960 03 17,960 0 0 MACY'S INC 55616P104 1,448 38,500 0 0 38,500 03 38,500 0 0 Madison Square Garden Co. A NPV 55826P100 443 11,000 0 0 11,000 01 11,000 0 0 MANPOWER INC 56418H100 70 1,900 0 0 1,900 03 1,900 0 0 --------- 32,279

Form 13F Information Table GAM Holding AG Page 31 of 51 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 MARATHON OIL CORP 565849106 3,859 130,490 0 0 130,490 03 130,490 0 0 MARATHON PETROLEUM CORP 56585A102 7,078 129,650 0 0 129,650 03 129,650 0 0 MARKET VECTORS BRAZIL SM-CAP 57060U613 11 269 0 0 269 03 269 0 0 Market Vectors Brazil Small-Cap ET 57060U613 1,044 25,550 0 0 25,550 01 25,550 0 0 MARKET VECTORS GOLD MINERS 57060U100 6,982 130,000 0 0 130,000 03 130,000 0 0 MARKET VECTORS INDONESIA IND 57060U753 68 2,384 0 0 2,384 03 2,384 0 0 MARKET VECTORS JR GOLD MINER 57060U589 6,922 280,000 0 0 280,000 03 280,000 0 0 MARKET VECTORS RUSSIA ETF 57060U506 86 3,000 0 0 3,000 03 3,000 0 0 MARRIOTT INTERNATIONAL-CL A 571903202 1,817 46,462 0 0 46,462 03 46,462 0 0 MARSH & MCLENNAN COS 571748102 2,874 84,700 0 0 84,700 03 84,700 0 0 MARTIN MARIETTA MATERIALS 573284106 75 900 0 0 900 03 900 0 0 MARVELL TECHNOLOGY GROUP LTD G5876H105 97 10,600 0 0 10,600 03 10,600 0 0 MASCO CORP 574599106 134 8,900 0 0 8,900 03 8,900 0 0 MASTEC INC 576323109 1,182 60,000 0 0 60,000 03 60,000 0 0 MASTERCARD INC-CLASS A 57636Q104 13,854 30,685 0 0 30,685 03 30,685 0 0 Mastercard Inc. Class A Com. USD0. 57636Q104 1,896 4,200 0 0 4,200 01 4,200 0 0 Materion Corp. Common NPV 576690101 238 10,000 0 0 10,000 01 10,000 0 0 MATTEL INC 577081102 2,892 81,500 0 0 81,500 03 81,500 0 0 MAXIM INTEGRATED PRODUCTS 57772K101 181 6,800 0 0 6,800 03 6,800 0 0 MCCORMICK & CO-NON VTG SHRS 579780206 161 2,600 0 0 2,600 03 2,600 0 0 McDermott International Inc. Com. 580037109 597 48,820 0 0 48,820 01 48,820 0 0 MCDONALD'S CORP 580135101 31,429 342,512 0 0 342,512 03 342,512 0 0 McDonald's Corporation Common USD0 580135101 13,785 150,250 0 0 150,250 01 150,250 0 0 MCGRAW-HILL COMPANIES INC 580645109 297 5,435 0 0 5,435 03 5,435 0 0 McGraw-Hill Companies Inc. Common 580645109 14,384 263,460 0 0 263,460 01 263,460 0 0 --------- 111,940

Form 13F Information Table GAM Holding AG Page 32 of 51 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 MCKESSON CORP 58155Q103 2,915 33,884 0 0 33,884 03 33,884 0 0 MDU RESOURCES GROUP INC 552690109 69 3,115 0 0 3,115 03 3,115 0 0 MEAD JOHNSON NUTRITION CO 582839106 2,525 34,459 0 0 34,459 03 34,459 0 0 Mead Johnson Nutrition Co. Com. US 582839106 403 5,500 0 0 5,500 01 5,500 0 0 MEADWESTVACO CORP 583334107 98 3,200 0 0 3,200 03 3,200 0 0 MECHEL-SPONSORED ADR 583840103 165 23,400 0 0 23,400 03 23,400 0 0 Media General Inc. Cls. A Common U 584404107 67 13,000 0 0 13,000 01 13,000 0 0 MEDICAL PROPERTIES TRUST INC 58463J304 320 30,590 0 0 30,590 03 30,590 0 0 Medicis Pharmaceutical Corp Com. U 584690309 433 10,000 0 0 10,000 01 10,000 0 0 MEDIVATION INC 58501N101 338 6,000 0 0 6,000 03 6,000 0 0 MEDTRONIC INC 585055106 10,440 242,104 0 0 242,104 03 242,104 0 0 Medtronic Incorporated Common USD0 585055106 15,218 352,970 0 0 352,970 01 352,970 0 0 Mellanox Technologies Com. ILS0.01 M51363113 2,828 27,851 0 0 27,851 01 27,851 0 0 Merck & Co. Inc. Common USD0.01 58933Y105 1,492 33,080 0 0 33,080 01 33,080 0 0 MERCK & CO. INC. 58933Y105 36,263 804,058 0 0 804,058 03 804,058 0 0 Meritor Inc. Common USD1.00 59001K100 423 99,561 0 0 99,561 01 99,561 0 0 Methanex Corporation Common NPV 59151K108 604 21,172 0 0 21,172 01 21,172 0 0 METLIFE INC 59156R108 5,277 153,143 0 0 153,143 03 153,143 0 0 METROPCS COMMUNICATIONS INC 591708102 50 4,300 0 0 4,300 03 4,300 0 0 MGM RESORTS INTERNATIONAL 552953101 83 7,700 0 0 7,700 03 7,700 0 0 MICROCHIP TECHNOLOGY INC 595017104 147 4,500 0 0 4,500 03 4,500 0 0 MICRON TECHNOLOGY INC 595112103 148 24,755 0 0 24,755 03 24,755 0 0 MICROSOFT CORP 594918104 66,269 2,225,180 0 0 2,225,180 03 2,225,180 0 0 Microsoft Corporation Com. USD0.00 594918104 6,353 213,500 0 0 213,500 01 213,500 0 0 MID-AMERICA APARTMENT COMM 59522J103 607 9,300 0 0 9,300 03 9,300 0 0 --------- 153,534

Form 13F Information Table GAM Holding AG Page 33 of 51 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 Millicom Intl Cellular SA Com. USD L6388F110 743 8,000 0 0 8,000 01 8,000 0 0 MINDRAY MEDICAL INTL LTD-ADR 602675100 336 10,000 0 0 10,000 03 10,000 0 0 MOBILE TELESYSTEMS-SP ADR 607409109 5,491 313,420 0 0 313,420 03 313,420 0 0 Mobile Telesystems Spon. ADR (1 Re 607409109 356 20,300 0 0 20,300 01 20,300 0 0 Modine Manufacturing Co. Common US 607828100 694 94,005 0 0 94,005 01 94,005 0 0 MOHAWK INDUSTRIES INC 608190104 80 1,000 0 0 1,000 03 1,000 0 0 MOLEX INC 608554101 1,204 45,800 0 0 45,800 03 45,800 0 0 MOLSON COORS BREWING CO -B 60871R209 133 2,948 0 0 2,948 03 2,948 0 0 Molson Coors Brewing Co. Cv. 2.5% 60871RAA8 10,87810,500,000 0 010,500,000 01 10,500,000 0 0 Molycorp Inc. Common NPV 608753109 758 65,845 0 0 65,845 01 65,845 0 0 Moneygram International Inc. Com. 60935Y208 78 5,250 0 0 5,250 01 5,250 0 0 MONSANTO CO 61166W101 8,363 91,882 0 0 91,882 03 91,882 0 0 Monsanto Company Common USD0.01 61166W101 575 6,316 0 0 6,316 01 6,316 0 0 MONSTER BEVERAGE CORP 611740101 1,775 32,768 0 0 32,768 03 32,768 0 0 MOODY'S CORP 615369105 225 5,100 0 0 5,100 03 5,100 0 0 Morgan Stanley Common USD0.01 617446448 117 7,000 0 0 7,000 01 7,000 0 0 MORGAN STANLEY INDIA INVEST 61745C105 629 36,000 0 0 36,000 03 36,000 0 0 MORGAN STANLEY 617446448 2,965 177,139 0 0 177,139 03 177,139 0 0 Mosaic Co. (The) Common NPV 61945C103 12,718 220,758 0 0 220,758 01 220,758 0 0 MOTOROLA SOLUTIONS INC 620076307 1,499 29,655 0 0 29,655 03 29,655 0 0 Mueller Industries Inc. Com. USD0. 624756102 45 1,000 0 0 1,000 01 1,000 0 0 MURPHY OIL CORP 626717102 414 7,712 0 0 7,712 03 7,712 0 0 MYLAN INC 628530107 986 40,400 0 0 40,400 03 40,400 0 0 MYR GROUP INC/DELAWARE 55405W104 567 28,400 0 0 28,400 03 28,400 0 0 NABORS INDUSTRIES LTD G6359F103 794 56,600 0 0 56,600 03 56,600 0 0 --------- 52,424

Form 13F Information Table GAM Holding AG Page 34 of 51 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 NASDAQ OMX GROUP/THE 631103108 2,528 108,500 0 0 108,500 03 108,500 0 0 NASDAQ OMX GROUP/THE 631103108 600 25,768 0 0 25,768 04 25,768 0 0 National Fuel Gas Co. Com. USD1.00 636180101 1,675 31,000 0 0 31,000 01 31,000 0 0 NATIONAL OILWELL VARCO INC 637071101 7,948 99,210 0 0 99,210 03 99,210 0 0 NATIONAL RETAIL PROPERTIES 637417106 759 24,900 0 0 24,900 03 24,900 0 0 NATL HEALTH INVESTORS INC 63633D104 360 7,000 0 0 7,000 03 7,000 0 0 Navistar Intl. Corporation Com. US 63934E108 337 16,000 0 0 16,000 01 16,000 0 0 NEKTAR THERAPEUTICS 640268108 214 20,000 0 0 20,000 03 20,000 0 0 NETAPP INC 64110D104 727 22,099 0 0 22,099 03 22,099 0 0 NETEASE INC-ADR 64110W102 309 5,500 0 0 5,500 03 5,500 0 0 NETFLIX INC 64110L106 267 4,900 0 0 4,900 03 4,900 0 0 NeuStar Inc. Com. USD 0.001 64126X201 204 5,100 0 0 5,100 01 5,100 0 0 Nevsun Resources Ltd. NPV 64156L101 704 150,000 0 0 150,000 01 150,000 0 0 NEW YORK COMMUNITY BANCORP 649445103 118 8,300 0 0 8,300 03 8,300 0 0 NEWELL RUBBERMAID INC 651229106 109 5,700 0 0 5,700 03 5,700 0 0 NEWFIELD EXPLORATION CO 651290108 94 3,000 0 0 3,000 03 3,000 0 0 Newmont Mining Corp 1.25% Cv. 15-0 651639AH9 25,525 18,960,000 0 018,960,000 01 18,960,000 0 0 Newmont Mining Corp 1.625% Cv. 15- 651639AJ5 7,257 5,000,000 0 0 5,000,000 01 5,000,000 0 0 NEWMONT MINING CORP 651639106 27,778 495,955 0 0 495,955 03 495,955 0 0 Newmont Mining Corporation Com. US 651639106 1,877 33,500 0 0 33,500 01 33,500 0 0 NEWS CORP-B 65248E203 248 10,000 0 0 10,000 03 10,000 0 0 NEWS CORP-CL A 65248E104 7,214 294,079 0 0 294,079 03 294,079 0 0 News Corporation Inc. Cls A Com. U 65248E104 245 10,000 0 0 10,000 01 10,000 0 0 NEXTERA ENERGY INC 65339F101 7,676 109,137 0 0 109,137 03 109,137 0 0 -------- 94,770

Form 13F Information Table GAM Holding AG Page 35 of 51 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 NII HOLDINGS INC 62913F201 105 13,400 0 0 13,400 03 13,400 0 0 NII Holdings Inc. Common USD.001 62913F201 180 23,000 0 0 23,000 01 23,000 0 0 NIKE INC -CL B 654106103 16,673 175,670 0 0 175,670 03 175,670 0 0 NISOURCE INC 65473P105 161 6,300 0 0 6,300 03 6,300 0 0 NOBLE ENERGY INC 655044105 742 8,000 0 0 8,000 03 8,000 0 0 NORDSTROM INC 655664100 3,807 69,000 0 0 69,000 03 69,000 0 0 NORFOLK SOUTHERN CORP 655844108 6,807 106,975 0 0 106,975 03 106,975 0 0 NORTEL NETWORKS CORP 656568508 0 190 0 0 190 03 190 0 0 NORTHEAST UTILITIES 664397106 252 6,586 0 0 6,586 03 6,586 0 0 NORTHERN TRUST CORP 665859104 1,388 29,900 0 0 29,900 03 29,900 0 0 Northern Trust Corp. Com. USD1.667 665859104 696 15,000 0 0 15,000 01 15,000 0 0 NORTHROP GRUMMAN CORP 666807102 348 5,236 0 0 5,236 03 5,236 0 0 Nova Measuring Instruments Common M7516K103 601 77,000 0 0 77,000 01 77,000 0 0 NRG ENERGY INC 629377508 95 4,446 0 0 4,446 03 4,446 0 0 NUANCE COMMUNICATIONS INC 67020Y100 363 14,600 0 0 14,600 03 14,600 0 0 NUCOR CORP 670346105 1,010 26,387 0 0 26,387 03 26,387 0 0 NVIDIA CORP 67066G104 2,421 181,450 0 0 181,450 03 181,450 0 0 NXP Semiconductors NV Common NPV N6596X109 2,501 100,000 0 0 100,000 01 100,000 0 0 NYSE EURONEXT 629491101 2,517 102,100 0 0 102,100 03 102,100 0 0 O'REILLY AUTOMOTIVE INC 67103H107 825 9,866 0 0 9,866 03 9,866 0 0 O'Reilly Automotive Inc. Com. USD0 67103H107 201 2,400 0 0 2,400 01 2,400 0 0 OASIS PETROLEUM INC 674215108 177 6,000 0 0 6,000 03 6,000 0 0 OCCIDENTAL PETROLEUM CORP 674599105 19,868 230,857 0 0 230,857 03 230,857 0 0 OI SA-ADR 670851104 61 12,326 0 0 12,326 03 12,326 0 0 OI SA-ADR 670851203 508 126,342 0 0 126,342 03 126,342 0 0 --------- 62,305

Form 13F Information Table GAM Holding AG Page 36 of 51 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 OIL STATES INTERNATIONAL INC 678026105 1,152 14,500 0 0 14,500 03 14,500 0 0 OMEGA HEALTHCARE INVESTORS 681936100 450 19,800 0 0 19,800 03 19,800 0 0 OMNICARE INC 681904108 85 2,500 0 0 2,500 03 2,500 0 0 Omnicom Group Inc Com. USD0.15 681919106 13,317 258,280 0 0 258,280 01 258,280 0 0 OMNICOM GROUP 681919106 1,325 25,700 0 0 25,700 03 25,700 0 0 OMNIVISION TECHNOLOGIES INC 682128103 251 18,000 0 0 18,000 03 18,000 0 0 On Semiconductor Corp. Com. USD0.0 682189105 888 143,750 0 0 143,750 01 143,750 0 0 ONEOK INC 682680103 242 5,000 0 0 5,000 03 5,000 0 0 ONYX PHARMACEUTICALS INC 683399109 676 8,000 0 0 8,000 03 8,000 0 0 OPTIMER PHARMACEUTICALS INC 68401H104 184 13,000 0 0 13,000 03 13,000 0 0 ORACLE CORP 68389X105 46,637 1,481,003 0 0 1,481,003 03 1,481,003 0 0 OWENS-ILLINOIS INC 690768403 56 3,000 0 0 3,000 03 3,000 0 0 Owens Corning Com. USD0.001 690742101 291 8,700 0 0 8,700 01 8,700 0 0 P G & E CORP 69331C108 2,527 59,220 0 0 59,220 03 59,220 0 0 PACCAR INC 693718108 413 10,325 0 0 10,325 03 10,325 0 0 PALL CORP 696429307 138 2,178 0 0 2,178 03 2,178 0 0 Palo Alto Networks Inc Com. USD 0. 697435105 2,320 37,682 0 0 37,682 01 37,682 0 0 Pandora Media Inc Com. USD 0.0001 698354107 104 9,470 0 0 9,470 01 9,470 0 0 PARKER HANNIFIN CORP 701094104 7,949 95,106 0 0 95,106 03 95,106 0 0 PARKWAY PROPERTIES INC 70159Q104 72 5,400 0 0 5,400 03 5,400 0 0 Patterson-UTI Energy Inc. Com. USD 703481101 2,403 151,950 0 0 151,950 01 151,950 0 0 PATTERSON COS INC 703395103 65 1,900 0 0 1,900 03 1,900 0 0 PAYCHEX INC 704326107 240 7,200 0 0 7,200 03 7,200 0 0 PEABODY ENERGY CORP 704549104 2,458 110,288 0 0 110,288 03 110,288 0 0 Peets Coffee & Tea Inc. Common NPV 705560100 176 2,400 0 0 2,400 01 2,400 0 0 --------- 84,419

Form 13F Information Table GAM Holding AG Page 37 of 51 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 PENN REAL ESTATE INVEST TST 709102107 254 16,000 0 0 16,000 03 16,000 0 0 Penske Auto Group Inc. Common USD0 70959W103 11,286 375,000 0 0 375,000 01 375,000 0 0 PEOPLE'S UNITED FINANCIAL 712704105 95 7,800 0 0 7,800 03 7,800 0 0 PEPCO HOLDINGS INC 713291102 96 5,100 0 0 5,100 03 5,100 0 0 PEPSICO INC 713448108 32,485 459,024 0 0 459,024 03 459,024 0 0 PepsiCo Incorporated Com. USD0.017 713448108 17,054 240,980 0 0 240,980 01 240,980 0 0 PERKINELMER INC 714046109 589 20,000 0 0 20,000 03 20,000 0 0 PERRIGO CO 714290103 209 1,800 0 0 1,800 03 1,800 0 0 PETROCHINA CO LTD -ADR 71646E100 336 2,600 0 0 2,600 03 2,600 0 0 PETROLEO BRASILEIRO-SPON ADR 71654V101 7,021 318,145 0 0 318,145 03 318,145 0 0 Petroleo Brasileiro ADR (1 Rep. 2 71654V101 1,766 80,000 0 0 80,000 01 80,000 0 0 PETROLEO BRASILEIRO S.A.-ADR 71654V408 5,473 238,600 0 0 238,600 03 238,600 0 0 PETSMART INC 716768106 3,753 54,404 0 0 54,404 03 54,404 0 0 PFIZER INC 717081103 39,831 1,602,839 0 0 1,602,839 03 1,602,839 0 0 Pfizer Incorporated Common USD0.05 717081103 128,614 5,176,832 0 0 5,176,832 01 5,176,832 0 0 Pfizer Incorporated Common USD0.05 717081103 19,817 797,606 0 0 797,606 02 797,606 0 0 PHILIP MORRIS INTERNATIONAL 718172109 32,191 357,915 0 0 357,915 03 357,915 0 0 Phillips 66 Com. NPV 718546104 2,319 50,000 0 0 50,000 01 50,000 0 0 PHILLIPS 66 718546104 3,249 70,066 0 0 70,066 03 70,066 0 0 PIEDMONT OFFICE REALTY TRU-A 720190206 675 38,900 0 0 38,900 03 38,900 0 0 PINNACLE WEST CAPITAL 723484101 121 2,300 0 0 2,300 03 2,300 0 0 PIONEER NATURAL RESOURCES CO 723787107 1,533 14,687 0 0 14,687 03 14,687 0 0 PIPER JAFFRAY COS 724078100 0 8 0 0 8 03 8 0 0 PITNEY BOWES INC 724479100 54 3,900 0 0 3,900 03 3,900 0 0 PLAINS EXPLORATION & PRODUCT 726505100 120 3,200 0 0 3,200 03 3,200 0 0 --------- 308,940

Form 13F Information Table GAM Holding AG Page 38 of 51 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 PLUM CREEK TIMBER CO 729251108 3,311 75,524 0 0 75,524 03 75,524 0 0 PMC - SIERRA INC 69344F106 282 50,000 0 0 50,000 03 50,000 0 0 PNC FINANCIAL SERVICES GROUP 693475105 5,178 82,068 0 0 82,068 03 82,068 0 0 PNC Financial Services Grp. Com. U 693475105 631 10,000 0 0 10,000 01 10,000 0 0 Polypore International Inc. Com. U 73179V103 1,297 36,700 0 0 36,700 01 36,700 0 0 POSCO-ADR 693483109 367 4,500 0 0 4,500 03 4,500 0 0 Post Holdings Inc. Com. NPV 737446104 105 3,500 0 0 3,500 01 3,500 0 0 POST PROPERTIES INC 737464107 542 11,300 0 0 11,300 03 11,300 0 0 Power-One Inc.Com USD0.001 73930R102 6,423 1,150,000 0 0 1,150,000 01 1,150,000 0 0 POWER INTEGRATIONS INC 739276103 599 19,672 0 0 19,672 03 19,672 0 0 POWERSHARES DB COMMODITY IND 73935S105 1,434 50,000 0 0 50,000 03 50,000 0 0 POWERSHARES QQQ NASDAQ 100 73935A104 3,126 45,585 0 0 45,585 03 45,585 0 0 PPG INDUSTRIES INC 693506107 379 3,300 0 0 3,300 03 3,300 0 0 PPG Industries Inc. Common USD1.67 693506107 98 850 0 0 850 01 850 0 0 PPL CORPORATION 69351T106 1,295 44,590 0 0 44,590 03 44,590 0 0 PRAXAIR INC 74005P104 8,908 85,752 0 0 85,752 03 85,752 0 0 PRECISION CASTPARTS CORP 740189105 744 4,553 0 0 4,553 03 4,553 0 0 PRICELINE.COM INC 741503403 4,176 6,750 0 0 6,750 03 6,750 0 0 Priceline.Com Inc. Com. USD0.008 741503403 929 1,500 0 0 1,500 01 1,500 0 0 PRICESMART INC 741511109 1,060 14,000 0 0 14,000 03 14,000 0 0 PRINCIPAL FINANCIAL GROUP 74251V102 172 6,400 0 0 6,400 03 6,400 0 0 PROCTER & GAMBLE CO/THE 742718109 35,653 514,032 0 0 514,032 03 514,032 0 0 Procter & Gamble Company Common US 742718109 13,548 195,330 0 0 195,330 01 195,330 0 0 PROGRESSIVE CORP 743315103 1,520 73,300 0 0 73,300 03 73,300 0 0 PROLOGIS INC 74340W103 5,247 149,781 0 0 149,781 03 149,781 0 0 --------- 97,025

Form 13F Information Table GAM Holding AG Page 39 of 51 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 Prologis Inc. Common USD0.01 74340W103 11,610 331,428 0 0 331,428 01 331,428 0 0 PRUDENTIAL FINANCIAL INC 744320102 7,317 134,228 0 0 134,228 03 134,228 0 0 PS BUSINESS PARKS INC/CA 69360J107 290 4,340 0 0 4,340 03 4,340 0 0 PUBLIC SERVICE ENTERPRISE GP 744573106 1,316 40,900 0 0 40,900 03 40,900 0 0 PUBLIC STORAGE 74460D109 4,816 34,602 0 0 34,602 03 34,602 0 0 Pulte Group Inc. Common USD0.01 745867101 30 1,950 0 0 1,950 01 1,950 0 0 PULTEGROUP INC 745867101 1,550 100,000 0 0 100,000 03 100,000 0 0 PVH CORP 693656100 111 1,184 0 0 1,184 03 1,184 0 0 PVH Corp. Common USD1.00 693656100 886 9,450 0 0 9,450 01 9,450 0 0 QEP RESOURCES INC 74733V100 127 4,000 0 0 4,000 03 4,000 0 0 QUALCOMM INC 747525103 38,704 619,373 0 0 619,373 03 619,373 0 0 Qualcomm Inc. Com. USD0.0001 747525103 16,295 260,840 0 0 260,840 01 260,840 0 0 QUANTA SERVICES INC 74762E102 3,705 150,000 0 0 150,000 03 150,000 0 0 Quanta Services Inc. Common USD0.0 74762E102 4,939 200,000 0 0 200,000 01 200,000 0 0 QUEST DIAGNOSTICS INC 74834L100 1,808 28,500 0 0 28,500 03 28,500 0 0 QUESTCOR PHARMACEUTICALS 74835Y101 407 22,000 0 0 22,000 03 22,000 0 0 QUIMICA Y MINERA CHIL-SP ADR 833635105 1,590 25,800 0 0 25,800 03 25,800 0 0 R.R. Donnelley & Sons Co. Comm. US 257867101 2,120 200,000 0 0 200,000 01 200,000 0 0 RACKSPACE HOSTING INC 750086100 150 2,274 0 0 2,274 03 2,274 0 0 RALCORP HOLDINGS INC 751028101 80 1,100 0 0 1,100 03 1,100 0 0 Ralcorp Holdings Inc. Common USD0. 751028101 256 3,500 0 0 3,500 01 3,500 0 0 RALPH LAUREN CORP 751212101 11,055 73,100 0 0 73,100 03 73,100 0 0 RAMCO-GERSHENSON PROPERTIES 751452202 153 12,180 0 0 12,180 03 12,180 0 0 RANDGOLD RESOURCES LTD-ADR 752344309 3,186 25,900 0 0 25,900 03 25,900 0 0 RANGE RESOURCES CORP 75281A109 2,356 33,719 0 0 33,719 03 33,719 0 0 --------- 114,855

Form 13F Information Table GAM Holding AG Page 40 of 51 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 RAYONIER INC 754907103 118 2,400 0 0 2,400 03 2,400 0 0 Rayonier Inc. Com. NPV 754907103 610 12,450 0 0 12,450 01 12,450 0 0 RAYTHEON COMPANY 755111507 417 7,296 0 0 7,296 03 7,296 0 0 REALTY INCOME CORP 756109104 1,300 31,796 0 0 31,796 03 31,796 0 0 RED HAT INC 756577102 1,811 31,800 0 0 31,800 03 31,800 0 0 REGAL-BELOIT CORP 758750103 543 7,700 0 0 7,700 03 7,700 0 0 REGENCY CENTERS CORP 758849103 950 19,500 0 0 19,500 03 19,500 0 0 REGENERON PHARMACEUTICALS 75886F107 1,143 7,488 0 0 7,488 03 7,488 0 0 REGIONS FINANCIAL CORP 7591EP100 455 63,155 0 0 63,155 03 63,155 0 0 REGIS CORP 758932107 791 43,040 0 0 43,040 03 43,040 0 0 REPUBLIC SERVICES INC 760759100 1,601 58,215 0 0 58,215 03 58,215 0 0 Republic Services Inc. Common USD0 760759100 303 11,000 0 0 11,000 01 11,000 0 0 Retalix Limited ILS1.00 M8215W109 597 29,021 0 0 29,021 01 29,021 0 0 REYNOLDS AMERICAN INC 761713106 1,907 44,000 0 0 44,000 03 44,000 0 0 RF Micro Devices Inc. Com. NPV 749941100 382 96,905 0 0 96,905 01 96,905 0 0 RIO TINTO PLC-SPON ADR 767204100 835 17,850 0 0 17,850 03 17,850 0 0 ROBERT HALF INTL INC 770323103 1,425 53,500 0 0 53,500 03 53,500 0 0 ROCK-TENN COMPANY -CL A 772739207 94 1,300 0 0 1,300 03 1,300 0 0 Rock Tenn Company Cl. A Com. USD0. 772739207 1,060 14,690 0 0 14,690 01 14,690 0 0 ROCKWELL AUTOMATION INC 773903109 988 14,200 0 0 14,200 03 14,200 0 0 Rockwell Automation Inc. Common US 773903109 11,108 159,705 0 0 159,705 01 159,705 0 0 ROCKWELL COLLINS INC 774341101 172 3,200 0 0 3,200 03 3,200 0 0 ROPER INDUSTRIES INC 776696106 2,593 23,600 0 0 23,600 03 23,600 0 0 Rosetta Resources Inc. Common USD0 777779307 411 8,580 0 0 8,580 01 8,580 0 0 ROSS STORES INC 778296103 7,435 115,100 0 0 115,100 03 115,100 0 0 --------- 39,048

Form 13F Information Table GAM Holding AG Page 41 of 51 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 Rovi Corp. Com. USD0.001 779376102 2 107 0 0 107 01 107 0 0 Royal Bk. of Scot. Grp. 6.4% Pfd. 780097796 302 14,800 0 0 14,800 01 14,800 0 0 Royal Bk. of Scotland 7.25% Pfd. P 780097713 109 4,800 0 0 4,800 01 4,800 0 0 ROYAL GOLD INC 780287108 2,646 26,500 0 0 26,500 03 26,500 0 0 RUBICON TECHNOLOGY INC 78112T107 991 103,400 0 0 103,400 03 103,400 0 0 RYDER SYSTEM INC 783549108 391 10,000 0 0 10,000 03 10,000 0 0 SAFEWAY INC 786514208 1,976 122,790 0 0 122,790 03 122,790 0 0 SAIC INC 78390X101 84 7,000 0 0 7,000 03 7,000 0 0 SALESFORCE.COM INC 79466L302 413 2,704 0 0 2,704 03 2,704 0 0 Salesforce.com Inc. Common USD0.00 79466L302 1,467 9,610 0 0 9,610 01 9,610 0 0 SANDISK CORP 80004C101 2,786 64,153 0 0 64,153 03 64,153 0 0 SanDisk Corporation Common USD0.00 80004C101 2,866 66,000 0 0 66,000 01 66,000 0 0 Sapient Corporation Common USD0.01 803062108 333 31,200 0 0 31,200 01 31,200 0 0 SASOL LTD-SPONSORED ADR 803866300 1,493 33,500 0 0 33,500 03 33,500 0 0 SAUL CENTERS INC 804395101 173 3,900 0 0 3,900 03 3,900 0 0 SBA COMMUNICATIONS CORP-CL A 78388J106 176 2,800 0 0 2,800 03 2,800 0 0 SCANA CORP 80589M102 121 2,500 0 0 2,500 03 2,500 0 0 SCHLUMBERGER LTD 806857108 24,549 339,408 0 0 339,408 03 339,408 0 0 SCHWAB (CHARLES) CORP 808513105 1,434 112,100 0 0 112,100 03 112,100 0 0 Scripps Networks Inter-Cl A Com. U 811065101 122 2,000 0 0 2,000 01 2,000 0 0 SCRIPPS NETWORKS INTER-CL A 811065101 116 1,900 0 0 1,900 03 1,900 0 0 Seagate Technology Common USD0.000 G7945M107 1,858 60,000 0 0 60,000 01 60,000 0 0 SEAGATE TECHNOLOGY G7945M107 930 30,000 0 0 30,000 03 30,000 0 0 SEALED AIR CORP 81211K100 51 3,300 0 0 3,300 03 3,300 0 0 SEARS HOLDINGS CORP 812350106 50 900 0 0 900 03 900 0 0 --------- 45,440

Form 13F Information Table GAM Holding AG Page 42 of 51 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 SEATTLE GENETICS INC 812578102 108 4,000 0 0 4,000 03 4,000 0 0 SEI INVESTMENTS COMPANY 784117103 82 3,800 0 0 3,800 03 3,800 0 0 SEMPRA ENERGY 816851109 3,605 55,900 0 0 55,900 03 55,900 0 0 SENIOR HOUSING PROP TRUST 81721M109 861 39,520 0 0 39,520 03 39,520 0 0 Sensient Technologies Corp. Com. U 81725T100 257 7,000 0 0 7,000 01 7,000 0 0 Sequans Communications ADR (1 Rep. 817323108 141 83,700 0 0 83,700 01 83,700 0 0 SEQUENOM INC 817337405 61 17,300 0 0 17,300 03 17,300 0 0 Sherwin-Williams Co. Common USD1.0 824348106 208 1,400 0 0 1,400 01 1,400 0 0 SHERWIN-WILLIAMS CO/THE 824348106 1,042 7,000 0 0 7,000 03 7,000 0 0 SHIRE PLC-ADR 82481R106 532 6,000 0 0 6,000 03 6,000 0 0 Shutterfly Inc. Com USD0.0001 82568P304 309 9,930 0 0 9,930 01 9,930 0 0 SIGMA-ALDRICH 826552101 309 4,300 0 0 4,300 03 4,300 0 0 SILGAN HOLDINGS INC 827048109 226 5,200 0 0 5,200 03 5,200 0 0 SIMON PROPERTY GROUP INC 828806109 16,292 107,316 0 0 107,316 03 107,316 0 0 SIRIUS XM RADIO INC 82967N108 200 76,771 0 0 76,771 03 76,771 0 0 SK TELECOM CO LTD-ADR 78440P108 2,126 146,252 0 0 146,252 03 146,252 0 0 Skyworks Solutions Inc. Common USD 83088M102 699 29,650 0 0 29,650 01 29,650 0 0 SL GREEN REALTY CORP 78440X101 1,711 21,366 0 0 21,366 03 21,366 0 0 SLM CORP 78442P106 556 35,400 0 0 35,400 03 35,400 0 0 SOHU.COM INC 83408W103 953 22,650 0 0 22,650 03 22,650 0 0 Solera Holdings Inc Com. USD 0.01 83421A104 1,392 31,720 0 0 31,720 01 31,720 0 0 SONOCO PRODUCTS CO 835495102 620 20,000 0 0 20,000 03 20,000 0 0 SOUTHERN CO/THE 842587107 3,771 81,817 0 0 81,817 03 81,817 0 0 SOUTHERN COPPER CORP 84265V105 2,647 77,050 0 0 77,050 03 77,050 0 0 Southern Copper Corp. Common USD0. 84265V105 695 20,214 0 0 20,214 01 20,214 0 0 --------- 39,404

Form 13F Information Table GAM Holding AG Page 43 of 51 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 SOUTHWEST AIRLINES CO 844741108 463 52,800 0 0 52,800 03 52,800 0 0 SOUTHWESTERN ENERGY CO 845467109 5,533 159,100 0 0 159,100 03 159,100 0 0 SOVRAN SELF STORAGE INC 84610H108 405 7,000 0 0 7,000 03 7,000 0 0 SPDR BARCLAYS CAPTL CONV SEC 78464A359 1,187 30,000 0 0 30,000 03 30,000 0 0 SPDR DJIA TRUST 78467X109 1,689 12,601 0 0 12,601 03 12,601 0 0 SPDR S&P 500 ETF TRUST 78462F103 6,472 45,010 0 0 45,010 03 45,010 0 0 SPDR S&P EMERGING ASIA PACIF 78463X301 585 8,031 0 0 8,031 03 8,031 0 0 SPDR S&P Homebuilders ETF 78464A888 273 10,800 0 0 10,800 01 10,800 0 0 SPDR S&P METALS & MINING ETF 78464A755 1,741 40,000 0 0 40,000 03 40,000 0 0 SPDR S&P REGIONAL BANKING 78464A698 228 7,900 0 0 7,900 03 7,900 0 0 SPECTRA ENERGY CORP 847560109 436 14,850 0 0 14,850 03 14,850 0 0 SPRINT NEXTEL CORP 852061100 363 65,800 0 0 65,800 03 65,800 0 0 Sprint Nextel Corp. Common USD2.00 852061100 578 104,660 0 0 104,660 01 104,660 0 0 SPX CORP 784635104 65 1,000 0 0 1,000 03 1,000 0 0 ST JUDE MEDICAL INC 790849103 2,743 65,107 0 0 65,107 03 65,107 0 0 St. Joe Corporation Common NPV 790148100 2,965 152,010 0 0 152,010 01 152,010 0 0 STANDARD PACIFIC CORP 85375C101 95 14,000 0 0 14,000 03 14,000 0 0 STANLEY BLACK & DECKER INC 854502101 2,408 31,575 0 0 31,575 03 31,575 0 0 Stanley Black & Decker Inc. Com. U 854502101 1,231 16,150 0 0 16,150 01 16,150 0 0 STAPLES INC 855030102 9,039 784,630 0 0 784,630 03 784,630 0 0 Staples Inc. Common USD0.0006 855030102 9,495 823,850 0 0 823,850 01 823,850 0 0 STARBUCKS CORP 855244109 10,960 215,964 0 0 215,964 03 215,964 0 0 Starbucks Corp. Com. USD0.001 855244109 101 2,000 0 0 2,000 01 2,000 0 0 STARWOOD HOTELS & RESORTS 85590A401 1,188 20,500 0 0 20,500 03 20,500 0 0 STATE STREET CORP 857477103 2,110 50,275 0 0 50,275 03 50,275 0 0 --------- 62,354

Form 13F Information Table GAM Holding AG Page 44 of 51 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 State Street Corp. Common USD1.00 857477103 1,114 26,491 0 0 26,491 01 04 26,491 0 0 STERICYCLE INC 858912108 354 3,908 0 0 3,908 03 3,908 0 0 STERLITE INDUSTRIES INDI-ADR 859737207 9 1,200 0 0 1,200 03 1,200 0 0 STRATEGIC HOTELS & RESORTS I 86272T106 265 44,100 0 0 44,100 03 44,100 0 0 STRAYER EDUCATION INC 863236105 450 7,000 0 0 7,000 03 7,000 0 0 STRYKER CORP 863667101 5,639 101,320 0 0 101,320 03 101,320 0 0 SUN COMMUNITIES INC 866674104 296 6,700 0 0 6,700 03 6,700 0 0 SUNSTONE HOTEL INVESTORS INC 867892101 304 27,637 0 0 27,637 03 27,637 0 0 SUNTECH POWER HOLDINGS-ADR 86800C104 82 95,000 0 0 95,000 03 95,000 0 0 SUNTRUST BANKS INC 867914103 1,750 61,900 0 0 61,900 03 61,900 0 0 SUPERIOR ENERGY SERVICES INC 868157108 83 4,029 0 0 4,029 03 4,029 0 0 Superior Industries Intl. Common U 868168105 188 11,000 0 0 11,000 01 11,000 0 0 Supervalu Inc. Common USD1.00 868536103 2,121 882,279 0 0 882,279 01 882,279 0 0 Supervalu Inc. Common USD1.00 868536103 352 146,500 0 0 146,500 02 146,500 0 0 SUSQUEHANNA BANCSHARES INC 869099101 195 18,700 0 0 18,700 03 18,700 0 0 SYMANTEC CORP 871503108 8,148 452,650 0 0 452,650 03 452,650 0 0 SYNAGEVA BIOPHARMA CORP 87159A103 107 2,000 0 0 2,000 03 2,000 0 0 Synalloy Corporation Common USD1.0 871565107 1,390 100,000 0 0 100,000 01 100,000 0 0 SYNOPSYS INC 871607107 102 3,100 0 0 3,100 03 3,100 0 0 SYNOVUS FINANCIAL CORP 87161C105 433 182,500 0 0 182,500 03 182,500 0 0 SYSCO CORP 871829107 2,602 83,215 0 0 83,215 03 83,215 0 0 T ROWE PRICE GROUP INC 74144T108 342 5,400 0 0 5,400 03 5,400 0 0 Taiwan Semi. - SP ADR (1 Rep 5 Ord 874039100 1,013 64,000 0 0 64,000 01 64,000 0 0 TAIWAN SEMICONDUCTOR-SP ADR 874039100 1,867 118,000 0 0 118,000 03 118,000 0 0 TANGER FACTORY OUTLET CENTER 875465106 643 19,900 0 0 19,900 03 19,900 0 0 --------- 29,848

Form 13F Information Table GAM Holding AG Page 45 of 51 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 TARGET CORP 87612E106 4,068 64,100 0 0 64,100 03 64,100 0 0 Target Corporation Common USD0.083 87612E106 14,162 223,150 0 0 223,150 01 223,150 0 0 TATA MOTORS LTD-SPON ADR 876568502 485 18,900 0 0 18,900 03 18,900 0 0 TAUBMAN CENTERS INC 876664103 951 12,400 0 0 12,400 03 12,400 0 0 TD AMERITRADE HOLDING CORP 87236Y108 74 4,800 0 0 4,800 03 4,800 0 0 TECO ENERGY INC 872375100 266 15,000 0 0 15,000 03 15,000 0 0 Telephone And Data Systems USD0.01 879433829 769 30,000 0 0 30,000 01 30,000 0 0 TEMPUR-PEDIC INTERNATIONAL 88023U101 741 24,787 0 0 24,787 03 24,787 0 0 Tenneco Inc. Common USD0.01 880349105 13,037 465,592 0 0 465,592 01 465,592 0 0 TERADATA CORP 88076W103 2,813 37,309 0 0 37,309 03 37,309 0 0 TERADYNE INC 880770102 512 36,000 0 0 36,000 03 36,000 0 0 Tesoro Corp Com. USD0.167 881609101 1,014 24,200 0 0 24,200 01 24,200 0 0 TESORO CORP 881609101 419 10,000 0 0 10,000 03 10,000 0 0 TEVA PHARMACEUTICAL-SP ADR 881624209 923 22,300 0 0 22,300 03 22,300 0 0 Texas Industries Inc. Common USD1. 882491103 284 7,000 0 0 7,000 01 7,000 0 0 TEXAS INSTRUMENTS INC 882508104 9,866 358,130 0 0 358,130 03 358,130 0 0 Texas Instruments Inc. Common USD1 882508104 827 30,000 0 0 30,000 01 30,000 0 0 TEXTRON INC 883203101 264 10,100 0 0 10,100 03 10,100 0 0 The Walt Disney Company Common USD 254687106 16,582 317,170 0 0 317,170 01 317,170 0 0 THERMO FISHER SCIENTIFIC INC 883556102 5,242 89,101 0 0 89,101 03 89,101 0 0 THRESHOLD PHARMACEUTICALS 885807206 159 22,000 0 0 22,000 03 22,000 0 0 TIBCO Software Inc. Common USD0.00 88632Q103 320 10,600 0 0 10,600 01 10,600 0 0 TIFFANY & CO 886547108 16,194 261,700 0 0 261,700 03 261,700 0 0 TIM PARTICIPACOES SA-ADR 88706P205 308 16,000 0 0 16,000 03 16,000 0 0 TIME WARNER CABLE 88732J207 9,894 104,086 0 0 104,086 03 104,086 0 0 --------- 100,176

Form 13F Information Table GAM Holding AG Page 46 of 51 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 TIME WARNER INC 887317303 6,551 144,524 0 0 144,524 03 144,524 0 0 Time Warner Inc. Common USD0.01 887317303 725 16,000 0 0 16,000 01 16,000 0 0 TJX COMPANIES INC 872540109 5,178 115,600 0 0 115,600 03 115,600 0 0 TOLL BROTHERS INC 889478103 853 25,665 0 0 25,665 03 25,665 0 0 TORCHMARK CORP 891027104 1,802 35,100 0 0 35,100 03 35,100 0 0 TOTAL SYSTEM SERVICES INC 891906109 66 2,803 0 0 2,803 03 2,803 0 0 TRACTOR SUPPLY COMPANY 892356106 148 1,493 0 0 1,493 03 1,493 0 0 TRANSDIGM GROUP INC 893641100 148 1,043 0 0 1,043 03 1,043 0 0 TRANSOCEAN LTD H8817H100 20,756 464,843 0 0 464,843 03 464,843 0 0 Transocean Ltd. Com. CHF15.00 H8817H100 4,099 91,330 0 0 91,330 01 91,330 0 0 TRAVELERS COS INC/THE 89417E109 3,287 48,155 0 0 48,155 03 48,155 0 0 TRIMBLE NAVIGATION LTD 896239100 114 2,385 0 0 2,385 03 2,385 0 0 TRINA SOLAR LTD-SPON ADR 89628E104 2,019 440,900 0 0 440,900 03 440,900 0 0 TRUE RELIGION APPAREL INC 89784N104 877 41,100 0 0 41,100 03 41,100 0 0 TRW AUTOMOTIVE HOLDINGS CORP 87264S106 1,286 29,418 0 0 29,418 03 29,418 0 0 TUPPERWARE BRANDS CORP 899896104 1,158 21,600 0 0 21,600 03 21,600 0 0 TURKCELL ILETISIM HIZMET-ADR 900111204 977 64,560 0 0 64,560 03 64,560 0 0 Twin Disc Inc. NPV 901476101 45 2,500 0 0 2,500 01 2,500 0 0 Two Harbors Investment Corp. Commo 90187B101 246 20,900 0 0 20,900 01 20,900 0 0 TYCO INTERNATIONAL LTD H89128104 3,844 68,327 0 0 68,327 03 68,327 0 0 Tyco International Ltd. Com. CHF6. H89128104 1,013 18,000 0 0 18,000 01 18,000 0 0 TYSON FOODS INC-CL A 902494103 115 7,200 0 0 7,200 03 7,200 0 0 UDR INC 902653104 1,516 61,073 0 0 61,073 03 61,073 0 0 ULTA SALON COSMETICS & FRAGR 90384S303 894 9,282 0 0 9,282 03 9,282 0 0 ULTRA PETROLEUM CORP 903914109 404 18,400 0 0 18,400 03 18,400 0 0 --------- 58,121

Form 13F Information Table GAM Holding AG Page 47 of 51 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 ULTRAPAR PARTICPAC-SPON ADR 90400P101 669 30,000 0 0 30,000 03 30,000 0 0 UNDER ARMOUR INC-CLASS A 904311107 2,546 45,600 0 0 45,600 03 45,600 0 0 UNION PACIFIC CORP 907818108 12,226 102,999 0 0 102,999 03 102,999 0 0 United Continental Holdings Common 910047109 658 33,736 0 0 33,736 01 33,736 0 0 UNITED CONTINENTAL HOLDINGS 910047109 48 2,480 0 0 2,480 03 2,480 0 0 UNITED MICROELECTRON-SP ADR 910873405 390 190,000 0 0 190,000 03 190,000 0 0 UNITED NATURAL FOODS INC 911163103 2,636 45,100 0 0 45,100 03 45,100 0 0 UNITED PARCEL SERVICE-CL B 911312106 13,676 191,086 0 0 191,086 03 191,086 0 0 United Parcel Service Com.Cls B US 911312106 11,739 164,010 0 0 164,010 01 164,010 0 0 UNITED STATES STEEL CORP 912909108 1,201 63,000 0 0 63,000 03 63,000 0 0 UNITED TECHNOLOGIES CORP 913017109 14,811 189,181 0 0 189,181 03 189,181 0 0 UNITED THERAPEUTICS CORP 91307C102 615 11,000 0 0 11,000 03 11,000 0 0 UNITEDHEALTH GROUP INC 91324P102 16,919 305,335 0 0 305,335 03 305,335 0 0 Universal Display Corp Com. USD 0. 91347P105 3,006 87,555 0 0 87,555 01 87,555 0 0 UNIVERSAL DISPLAY CORP 91347P105 320 9,300 0 0 9,300 03 9,300 0 0 UNIVERSAL HEALTH RLTY INCOME 91359E105 170 3,700 0 0 3,700 03 3,700 0 0 UNIVERSAL HEALTH SERVICES-B 913903100 915 20,000 0 0 20,000 03 20,000 0 0 UNUM GROUP 91529Y106 106 5,541 0 0 5,541 03 5,541 0 0 URBAN OUTFITTERS INC 917047102 109 2,900 0 0 2,900 03 2,900 0 0 Urban Outfitters Inc. Com. USD0.00 917047102 1,025 27,280 0 0 27,280 01 27,280 0 0 URS CORP 903236107 53 1,500 0 0 1,500 03 1,500 0 0 URSTADT BIDDLE - CLASS A 917286205 127 6,300 0 0 6,300 03 6,300 0 0 US BANCORP 902973304 15,023 437,987 0 0 437,987 03 437,987 0 0 US Cellular Corporation Common USD 911684108 587 15,000 0 0 15,000 01 15,000 0 0 USA Truck Incorporated Common USD0 902925106 3,608 975,000 0 0 975,000 01 975,000 0 0 --------- 103,182

Form 13F Information Table GAM Holding AG Page 48 of 51 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 UTILITIES SELECT SECTOR SPDR 81369Y886 2,366 65,000 0 0 65,000 03 65,000 0 0 VALE SA-SP ADR 91912E105 4,785 267,300 0 0 267,300 03 267,300 0 0 VALE SA-SP PREF ADR 91912E204 4,514 260,000 0 0 260,000 03 260,000 0 0 Vale SA - SP ADR (1 Reps. 1 Ord.) 91912E105 1,109 62,000 0 0 62,000 01 62,000 0 0 Valero Energy Corp Com. USD 0.01 91913Y100 760 23,990 0 0 23,990 01 23,990 0 0 VALERO ENERGY CORP 91913Y100 2,005 63,300 0 0 63,300 03 63,300 0 0 VANGUARD LARGE-CAP ETF 922908637 1,445 22,000 0 0 22,000 03 22,000 0 0 VANGUARD MSCI EMERGING MARKE 922042858 89,554 2,145,391 0 0 2,145,391 03 2,145,391 0 0 VARIAN MEDICAL SYSTEMS INC 92220P105 3,698 61,300 0 0 61,300 03 61,300 0 0 VENTAS INC 92276F100 5,338 85,754 0 0 85,754 03 85,754 0 0 VERIFONE SYSTEMS INC 92342Y109 60 2,152 0 0 2,152 03 2,152 0 0 VeriFone Systems Inc. Common USD0. 92342Y109 2,552 91,640 0 0 91,640 01 91,640 0 0 VERISIGN INC 92343E102 180 3,700 0 0 3,700 03 3,700 0 0 VERISK ANALYTICS INC-CLASS A 92345Y106 138 2,900 0 0 2,900 03 2,900 0 0 VERIZON COMMUNICATIONS INC 92343V104 14,976 328,631 0 0 328,631 03 328,631 0 0 VERTEX PHARMACEUTICALS INC 92532F100 1,679 30,000 0 0 30,000 03 30,000 0 0 VF CORP 918204108 4,016 25,200 0 0 25,200 03 25,200 0 0 VIACOM INC-CLASS B 92553P201 4,015 74,925 0 0 74,925 03 74,925 0 0 Viacom Inc. New Class A Com. USD0. 92553P102 707 13,000 0 0 13,000 01 13,000 0 0 Viad Corporation Common USD 1.50 92552R406 219 10,500 0 0 10,500 01 10,500 0 0 Virgin Media Inc Com. USD 0.01 92769L101 3,855 131,000 0 0 131,000 01 131,000 0 0 VIRGIN MEDIA INC 92769L101 177 6,000 0 0 6,000 03 6,000 0 0 VIROPHARMA INC 928241108 151 5,000 0 0 5,000 03 5,000 0 0 VISA INC-CLASS A SHARES 92826C839 26,618 198,230 0 0 198,230 03 198,230 0 0 Visa Inc Com. USD 0.0001 92826C839 4,699 35,000 0 0 35,000 01 35,000 0 0 --------- 179,616

Form 13F Information Table GAM Holding AG Page 49 of 51 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 VIVUS INC 928551100 205 11,500 0 0 11,500 03 11,500 0 0 Vmware Inc-Class A Common USD0.01 928563402 12,753 131,828 0 0 131,828 01 131,828 0 0 VMWARE INC-CLASS A 928563402 164 1,700 0 0 1,700 03 1,700 0 0 VORNADO REALTY TRUST 929042109 4,705 58,048 0 0 58,048 03 58,048 0 0 VULCAN MATERIALS CO 929160109 610 12,900 0 0 12,900 03 12,900 0 0 Wal-Mart Stores Inc Common USD0.10 931142103 12,767 173,000 0 0 173,000 01 173,000 0 0 WAL-MART STORES INC 931142103 28,192 382,005 0 0 382,005 03 382,005 0 0 WALGREEN CO 931422109 14,698 403,360 0 0 403,360 03 403,360 0 0 Walgreen Company Common USD0.07812 931422109 40,110 1,100,716 0 0 1,100,716 01 1,100,716 0 0 Walgreen Company Common USD0.07812 931422109 5,850 160,546 0 0 160,546 02 160,546 0 0 WALT DISNEY CO/THE 254687106 26,579 508,390 0 0 508,390 03 508,390 0 0 Walter Energy Inc Com. USD 0.01 93317Q105 915 28,200 0 0 28,200 01 28,200 0 0 WALTER ENERGY INC 93317Q105 64 1,960 0 0 1,960 03 1,960 0 0 WASHINGTON POST-CLASS B 939640108 36 100 0 0 100 03 100 0 0 WASHINGTON REIT 939653101 373 13,900 0 0 13,900 03 13,900 0 0 WASTE MANAGEMENT INC 94106L109 2,082 64,900 0 0 64,900 03 64,900 0 0 Waste Management Inc. Com. USD0.01 94106L109 7,566 235,800 0 0 235,800 01 235,800 0 0 WATERS CORP 941848103 367 4,400 0 0 4,400 03 4,400 0 0 WATSON PHARMACEUTICALS INC 942683103 225 2,645 0 0 2,645 03 2,645 0 0 Watson Pharmaceuticals Inc. Common 942683103 621 7,290 0 0 7,290 01 7,290 0 0 Watts Water Tech. Inc. A Common US 942749102 10,712 283,168 0 0 283,168 01 283,168 0 0 WEATHERFORD INTL LTD H27013103 13,498 1,079,244 0 0 1,079,244 03 1,079,244 0 0 Weatherford Intl. Ltd. Com. USD1.0 H27013103 837 66,000 0 0 66,000 01 66,000 0 0 Web.com Group Inc Com. USD0.001 94733A104 324 18,030 0 0 18,030 01 18,030 0 0 WEBMD HEALTH CORP NOTE 2.500% 1/3 94770VAF9 1,633 2,000,000 0 0 2,000,000 01 2,000,000 0 0 WEINGARTEN REALTY INVESTORS 948741103 762 27,100 0 0 27,100 03 27,100 0 0 --------- 186,648

Form 13F Information Table GAM Holding AG Page 50 of 51 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 WELLPOINT INC 94973V107 3,716 64,052 0 0 64,052 03 64,052 0 0 WELLS FARGO & CO 949746101 46,805 1,355,478 0 0 1,355,478 03 1,355,478 0 0 Wells Fargo & Co. Com. USD1.666 949746101 6,906 200,000 0 0 200,000 01 200,000 0 0 Wells Fargo & Co. Com. USD1.666 949746101 1,139 33,000 0 0 33,000 01 33,000 0 0 WESTERN DIGITAL CORP 958102105 980 25,300 0 0 25,300 03 25,300 0 0 WESTERN UNION CO 959802109 1,693 92,900 0 0 92,900 03 92,900 0 0 Western Union Corp. Common USD0.01 959802109 12,904 708,030 0 0 708,030 01 708,030 0 0 Westport Innovations Inc. Common N 960908309 11,354 407,827 0 0 407,827 01 407,827 0 0 WEYERHAEUSER CO 962166104 4,313 164,990 0 0 164,990 03 164,990 0 0 Weyerhaeuser Company Common USD1.2 962166104 683 26,140 0 0 26,140 01 26,140 0 0 Whirlpool Corp Com. USD 1.00 963320106 572 6,900 0 0 6,900 01 6,900 0 0 WHIRLPOOL CORP 963320106 240 2,900 0 0 2,900 03 2,900 0 0 WHITING PETROLEUM CORP 966387102 366 7,733 0 0 7,733 03 7,733 0 0 WHOLE FOODS MARKET INC 966837106 8,090 83,059 0 0 83,059 03 83,059 0 0 WILEY (JOHN) & SONS-CLASS A 968223206 1,833 39,894 0 0 39,894 03 39,894 0 0 Williams Companies Inc. Common USD 969457100 2,187 62,537 0 0 62,537 01 62,537 0 0 WILLIAMS COS INC 969457100 3,794 108,500 0 0 108,500 03 108,500 0 0 WILLIS GROUP HOLDINGS PLC G96666105 151 4,082 0 0 4,082 03 4,082 0 0 WINDSTREAM CORP 97381W104 115 11,400 0 0 11,400 03 11,400 0 0 WISCONSIN ENERGY CORP 976657106 4,744 125,940 0 0 125,940 03 125,940 0 0 WPX Energy Inc. W/I NPV 98212B103 346 20,845 0 0 20,845 01 20,845 0 0 WR BERKLEY CORP 084423102 101 2,700 0 0 2,700 03 2,700 0 0 WR Berkley Corp. Common USD0.20 084423102 11,244 300,000 0 0 300,000 01 300,000 0 0 WR Berkley Corp. Common USD0.20 084423102 262 7,000 0 0 7,000 01 7,000 0 0 WUXI PHARMATECH CAYMAN-ADR 929352102 993 66,500 0 0 66,500 03 66,500 0 0 --------- 125,531

Form 13F Information Table GAM Holding AG Page 51 of 51 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 WW GRAINGER INC 384802104 6,668 32,000 0 0 32,000 03 32,000 0 0 WYNDHAM WORLDWIDE CORP 98310W108 854 16,270 0 0 16,270 03 16,270 0 0 WYNN RESORTS LTD 983134107 208 1,800 0 0 1,800 03 1,800 0 0 XCEL ENERGY INC 98389B100 615 22,200 0 0 22,200 03 22,200 0 0 XEROX CORP 984121103 730 99,400 0 0 99,400 03 99,400 0 0 XILINX INC 983919101 4,266 127,700 0 0 127,700 03 127,700 0 0 Xilinx Inc. Common USD0.01 983919101 3,407 102,000 0 0 102,000 01 102,000 0 0 Xylem Inc-W/I Com. NPV 98419M100 377 15,000 0 0 15,000 01 15,000 0 0 XYLEM INC 98419M100 3,561 141,584 0 0 141,584 03 141,584 0 0 YAHOO! INC 984332106 6,609 413,679 0 0 413,679 03 413,679 0 0 Yahoo! Incorporated Common USD0.00 984332106 479 30,000 0 0 30,000 01 30,000 0 0 Yanzhou Coal Mining SP ADR (1 Rep. 984846105 478 32,000 0 0 32,000 01 32,000 0 0 YPF S.A.-SPONSORED ADR 984245100 291 22,350 0 0 22,350 03 22,350 0 0 YUM! BRANDS INC 988498101 3,980 60,000 0 0 60,000 03 60,000 0 0 Yum! Brands Inc. Com. NPV 988498101 3,541 53,380 0 0 53,380 01 53,380 0 0 ZIMMER HOLDINGS INC 98956P102 3,067 45,350 0 0 45,350 03 45,350 0 0 ZIONS BANCORPORATION 989701107 516 25,000 0 0 25,000 03 25,000 0 0 --------- 39,647 ========= 5,095,813