0000930413-13-000581.txt : 20130206 0000930413-13-000581.hdr.sgml : 20130206 20130206163830 ACCESSION NUMBER: 0000930413-13-000581 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130206 DATE AS OF CHANGE: 20130206 EFFECTIVENESS DATE: 20130206 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: 13578341 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 c72491_13fhr.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: 12/31/12 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 02/01/13 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: 1,272 Form 13F Information Table Value Total: $5,213,826 List of other Included Managers No. 13F File Number Name 02 00-00000-000 GAM London Limited GB 03 00-00000-000 Swiss & Global Asset Management Ltd. 01 00-00000-000 GAM International Management Limited 04 00-00000-000 GAM Investment Management Lugano SA

Form 13F Information Table GAM Holding AG Page 1 of 50 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 288 30,000 0 0 30,000 03 30,000 0 0 3D Systems Corp Com. USD0.001 88554D205 1,440 27,000 0 0 27,000 01 27,000 0 0 3M CO 88579Y101 22,351 240,726 0 0 240,726 03 240,726 0 0 3M Company Common USD0.01 88579Y101 25,188 271,239 0 0 271,239 01 271,239 0 0 A.F.P. Provida SA - Spons. ADR (1 00709P108 876 8,450 0 0 8,450 01 8,450 0 0 Aaron's Inc. Common USD0.50 002535300 226 8,000 0 0 8,000 01 8,000 0 0 ABBOTT LABORATORIES 002824100 20,772 317,127 0 0 317,127 03 317,127 0 0 Abercrombie & Fitch Cls. A Com. US 002896207 514 10,710 0 0 10,710 01 10,710 0 0 ABERCROMBIE & FITCH CO-CL A 002896207 1,693 35,300 0 0 35,300 03 35,300 0 0 ACADIA REALTY TRUST 004239109 360 14,350 0 0 14,350 03 14,350 0 0 Accenture Plc-Cl A Com. USD0.00002 G1151C101 13,147 197,680 0 0 197,680 01 197,680 0 0 ACCENTURE PLC-CL A G1151C101 2,467 37,100 0 0 37,100 03 37,100 0 0 ACHILLION PHARMACEUTICALS 00448Q201 326 40,600 0 0 40,600 03 40,600 0 0 Acme Packet Inc. Com. USD0.001 004764106 641 28,955 0 0 28,955 01 28,955 0 0 ACTIVISION BLIZZARD INC 00507V109 112 10,500 0 0 10,500 03 10,500 0 0 ADA-ES INC 005208103 305 18,100 0 0 18,100 03 18,100 0 0 ADOBE SYSTEMS INC 00724F101 5,851 155,274 0 0 155,274 03 155,274 0 0 Adobe Systems Inc. Common USD0.000 00724F101 8,920 236,760 0 0 236,760 01 236,760 0 0 ADT Corp Com. USD 0.01 00101J106 232 5,000 0 0 5,000 01 5,000 0 0 ADT CORP/THE 00101J106 3,167 68,113 0 0 68,113 03 68,113 0 0 ADVANCE AUTO PARTS INC 00751Y106 116 1,600 0 0 1,600 03 1,600 0 0 ADVANCED BATTERY TECHNOLOGIE 00752H102 6 40,000 0 0 40,000 03 40,000 0 0 AEGERION PHARMACEUTICALS INC 00767E102 127 5,000 0 0 5,000 03 5,000 0 0 AES CORP 00130H105 669 62,500 0 0 62,500 03 62,500 0 0 AETNA INC 00817Y108 2,479 53,534 0 0 53,534 03 53,534 0 0 --------- 112,272

Form 13F Information Table GAM Holding AG Page 2 of 50 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 AFFILIATED MANAGERS GROUP 008252108 138 1,058 0 0 1,058 03 1,058 0 0 AFFYMAX INC 00826A109 500 26,300 0 0 26,300 03 26,300 0 0 AFLAC INC 001055102 5,663 106,600 0 0 106,600 03 106,600 0 0 AFLAC INC 001055102 466 8,774 0 0 8,774 04 8,774 0 0 AGCO CORP 001084102 698 14,200 0 0 14,200 03 14,200 0 0 AGCO Corporation Common USD0.01 001084102 9,434 192,065 0 0 192,065 01 192,065 0 0 AGILENT TECHNOLOGIES INC 00846U101 5,850 142,890 0 0 142,890 03 142,890 0 0 Agilent Technologies Inc. Common U 00846U101 1,044 25,500 0 0 25,500 01 25,500 0 0 Agrium Inc Com. NPV 008916108 4,421 44,271 0 0 44,271 01 44,271 0 0 AIG 19.01.21 CW/AIG 026874156 20 1,415 0 0 1,415 03 1,415 0 0 AIR PRODUCTS & CHEMICALS INC 009158106 1,638 19,500 0 0 19,500 03 19,500 0 0 AIRGAS INC 009363102 593 6,500 0 0 6,500 03 6,500 0 0 AK STL CORP NOTE 5.000%11/1 001546AP5 2,722 2,500,000 0 0 2,500,000 04 2,500,000 0 0 Akamai Technologies Inc Com. USD 0 00971T101 1,552 37,940 0 0 37,940 01 37,940 0 0 AKAMAI TECHNOLOGIES INC 00971T101 1,820 44,479 0 0 44,479 03 44,479 0 0 ALBEMARLE CORP 012653101 112 1,797 0 0 1,797 03 1,797 0 0 ALCOA INC 013817101 6,750 777,690 0 0 777,690 03 777,690 0 0 Alcoa Inc. Common USD1.00 013817101 52,126 6,009,379 0 0 6,009,379 01 6,009,379 0 0 ALEXANDER'S INC 014752109 198 600 0 0 600 03 600 0 0 ALEXANDRIA REAL ESTATE EQUIT 015271109 946 13,640 0 0 13,640 03 13,640 0 0 ALEXION PHARMACEUTICALS INC 015351109 2,004 21,358 0 0 21,358 03 21,358 0 0 ALLEGHANY CORP 017175100 67 200 0 0 200 03 200 0 0 ALLEGHENY TECHNOLOGIES INC 01741R102 3,674 121,000 0 0 121,000 03 121,000 0 0 ALLERGAN INC 018490102 8,385 91,415 0 0 91,415 03 91,415 0 0 Allergan Inc/United States Com. US 018490102 301 3,280 0 0 3,280 01 3,280 0 0 ALLIANCE DATA SYSTEMS CORP 018581108 159 1,100 0 0 1,100 03 1,100 0 0 Alliancebernstein Holding LP Com. 01881G106 261 15,000 0 0 15,000 01 15,000 0 0 --------- 111,541

Form 13F Information Table GAM Holding AG Page 3 of 50 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 ALLIANT ENERGY CORP 018802108 88 2,000 0 0 2,000 03 2,000 0 0 Allot Communications Ltd. Com. USD M0854Q105 695 39,000 0 0 39,000 01 39,000 0 0 ALLSTATE CORP 020002101 2,434 60,600 0 0 60,600 03 60,600 0 0 ALPHA NATURAL RESOURCES INC 02076X102 911 93,500 0 0 93,500 03 93,500 0 0 ALTERA CORP 021441100 589 17,100 0 0 17,100 03 17,100 0 0 ALTRIA GROUP INC 02209S103 10,461 332,925 0 0 332,925 03 332,925 0 0 AMARIN CORPORATION PLC -ADR 023111206 282 34,800 0 0 34,800 03 34,800 0 0 AMAZON.COM INC 023135106 14,052 55,954 0 0 55,954 03 55,954 0 0 Amazon.Com Inc. Com. USD0.01 023135106 8,181 32,610 0 0 32,610 01 32,610 0 0 AMC Networks Inc. A W/I Com. NPV 00164V103 495 10,000 0 0 10,000 01 10,000 0 0 AMEDISYS INC 023436108 789 70,000 0 0 70,000 03 70,000 0 0 AMEREN CORPORATION 023608102 172 5,600 0 0 5,600 03 5,600 0 0 AMERESCO INC-CL A 02361E108 278 28,376 0 0 28,376 03 28,376 0 0 AMERICA MOVIL-ADR SERIES L 02364W105 2,039 88,100 0 0 88,100 03 88,100 0 0 America Movil-ADR SL NPV(1 Rep 20 02364W105 1,852 80,000 0 0 80,000 01 80,000 0 0 AMERICAN CAMPUS COMMUNITIES 024835100 1,081 23,429 0 0 23,429 03 23,429 0 0 AMERICAN CAPITAL AGENCY CORP 02503X105 220 7,605 0 0 7,605 03 7,605 0 0 AMERICAN ELECTRIC POWER 025537101 1,297 30,400 0 0 30,400 03 30,400 0 0 AMERICAN EXPRESS CO 025816109 20,980 365,000 0 0 365,000 03 365,000 0 0 American Express Company Common US 025816109 1,092 19,000 0 0 19,000 01 19,000 0 0 American International Group Com. 026874784 2,294 64,967 0 0 64,967 01 64,967 0 0 AMERICAN INTERNATIONAL GROUP 026874784 9,179 260,022 0 0 260,022 03 260,022 0 0 AMERICAN INTERNATIONAL GROUP 026874784 18,579 526,317 0 0 526,317 04 526,317 0 0 AMERICAN TOWER CORP 03027X100 2,210 28,600 0 0 28,600 03 28,600 0 0 AMERICAN WATER WORKS CO INC 030420103 2,295 61,800 0 0 61,800 03 61,800 0 0 AMERIPRISE FINANCIAL INC 03076C106 3,744 59,779 0 0 59,779 03 59,779 0 0 --------- 106,287

Form 13F Information Table GAM Holding AG Page 4 of 50 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 AMERISOURCEBERGEN CORP 03073E105 2,943 68,161 0 0 68,161 03 68,161 0 0 AMETEK INC 031100100 183 4,875 0 0 4,875 03 4,875 0 0 AMETEK Incorporated Common USD0.01 031100100 152 4,050 0 0 4,050 01 4,050 0 0 AMGEN INC 031162100 16,847 195,171 0 0 195,171 03 195,171 0 0 AMICUS THERAPEUTICS INC 03152W109 93 34,700 0 0 34,700 03 34,700 0 0 AMPHENOL CORP-CL A 032095101 870 13,443 0 0 13,443 03 13,443 0 0 ANACOR PHARMACEUTICALS INC 032420101 83 15,955 0 0 15,955 03 15,955 0 0 ANADARKO PETROLEUM CORP 032511107 5,004 67,340 0 0 67,340 03 67,340 0 0 Anadarko Petroleum Corp. Common US 032511107 1,602 21,560 0 0 21,560 01 21,560 0 0 Anadarko Petroleum Corp. Common US 032511107 149 2,000 0 0 2,000 01 2,000 0 0 ANALOG DEVICES INC 032654105 4,365 103,787 0 0 103,787 03 103,787 0 0 ANGIODYNAMICS INC 03475V101 220 20,000 0 0 20,000 03 20,000 0 0 ANGLOGOLD ASHANTI-SPON ADR 035128206 1,255 40,000 0 0 40,000 03 40,000 0 0 Anheuser-Busch Inbev Spn ADR (1 Re 03524A108 612 7,000 0 0 7,000 01 7,000 0 0 ANNALY CAPITAL MANAGEMENT IN 035710409 278 19,800 0 0 19,800 03 19,800 0 0 ANSYS INC 03662Q105 396 5,876 0 0 5,876 03 5,876 0 0 APACHE CORP 037411105 9,274 118,138 0 0 118,138 03 118,138 0 0 Apache Corporation Common USD0.625 037411105 1,307 16,650 0 0 16,650 01 16,650 0 0 APARTMENT INVT & MGMT CO -A 03748R101 1,001 37,005 0 0 37,005 03 37,005 0 0 APOLLO GROUP INC-CL A 037604105 241 11,520 0 0 11,520 03 11,520 0 0 Apple Inc Com. NPV 037833100 851 1,600 0 0 1,600 01 1,600 0 0 APPLE INC 037833100 89,347 167,623 0 0 167,623 03 167,623 0 0 APPLIED MATERIALS INC 038222105 3,045 266,190 0 0 266,190 03 266,190 0 0 AQUA AMERICA INC 03836W103 1,922 75,599 0 0 75,599 03 75,599 0 0 Arcelormittal 5% Cv. 15-05-2014 03938LAK0 24,273 23,410,000 0 0 23,410,000 02 23,410,000 0 0 --------- 166,313

Form 13F Information Table GAM Holding AG Page 5 of 50 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 ARCH COAL INC 039380100 18 2,450 0 0 2,450 03 2,450 0 0 ARCHER-DANIELS-MIDLAND CO 039483102 2,017 73,628 0 0 73,628 03 73,628 0 0 ARIAD PHARMACEUTICALS INC 04033A100 399 20,800 0 0 20,800 03 20,800 0 0 ARROW ELECTRONICS INC 042735100 80 2,100 0 0 2,100 03 2,100 0 0 Aruba Networks Inc. Common USD0.00 043176106 3,153 152,000 0 0 152,000 01 152,000 0 0 ASHFORD HOSPITALITY TRUST 044103109 168 15,970 0 0 15,970 03 15,970 0 0 ASSOCIATED ESTATES REALTY CP 045604105 260 16,100 0 0 16,100 03 16,100 0 0 ASSURANT INC 04621X108 62 1,800 0 0 1,800 03 1,800 0 0 ASTEC INDUSTRIES INC 046224101 520 15,600 0 0 15,600 03 15,600 0 0 AT&T INC 00206R102 36,916 1,095,109 0 0 1,095,109 03 1,095,109 0 0 ATWOOD OCEANICS INC 050095108 1,186 25,900 0 0 25,900 03 25,900 0 0 AUTODESK INC 052769106 778 22,000 0 0 22,000 03 22,000 0 0 AUTOLIV INC 052800109 146 2,167 0 0 2,167 03 2,167 0 0 AUTOMATIC DATA PROCESSING 053015103 4,589 80,490 0 0 80,490 03 80,490 0 0 AutoNation Incorporated Common USD 05329W102 159 4,000 0 0 4,000 01 4,000 0 0 AUTOZONE INC 053332102 419 1,183 0 0 1,183 03 1,183 0 0 AutoZone Incorporated Common USD0. 053332102 9,924 28,000 0 0 28,000 01 28,000 0 0 AVALONBAY COMMUNITIES INC 053484101 3,454 25,473 0 0 25,473 03 25,473 0 0 AVERY DENNISON CORP 053611109 70 2,000 0 0 2,000 03 2,000 0 0 AVNET INC 053807103 759 24,800 0 0 24,800 03 24,800 0 0 AVON PRODUCTS INC 054303102 428 29,800 0 0 29,800 03 29,800 0 0 BAIDU INC - SPON ADR 056752108 2,457 24,500 0 0 24,500 03 24,500 0 0 Baidu Inc. Spon. ADR (10 Rep 1 Ord 056752108 1,103 11,000 0 0 11,000 01 11,000 0 0 BAKER HUGHES INC 057224107 8,437 206,582 0 0 206,582 03 206,582 0 0 BALL CORP 058498106 908 20,300 0 0 20,300 03 20,300 0 0 --------- 78,410

Form 13F Information Table GAM Holding AG Page 6 of 50 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 BRADESCO-ADR 059460303 6,232 358,782 0 0 358,782 03 358,782 0 0 BANCO DE CHILE-ADR 059520106 617 6,394 0 0 6,394 03 6,394 0 0 BANCO SANTANDER-CHILE-ADR 05965X109 3,381 118,671 0 0 118,671 03 118,671 0 0 Bancolombia SA-Spons ADR (1Rep. 4P 05968L102 286 4,300 0 0 4,300 01 4,300 0 0 BANK OF AMERICA CORP 060505104 22,433 1,933,783 0 0 1,933,783 03 1,933,783 0 0 Bank of America Corp. Common USD0. 060505104 1,053 90,818 0 0 90,818 01 90,818 0 0 BANK OF NEW YORK MELLON CORP 064058100 6,885 267,888 0 0 267,888 03 267,888 0 0 Bank of NY Mellon Corp. Com. USD0. 064058100 822 32,000 0 0 32,000 01 32,000 0 0 BAXTER INTERNATIONAL INC 071813109 9,194 137,931 0 0 137,931 03 137,931 0 0 Baxter International Inc. Common U 071813109 13,465 201,980 0 0 201,980 01 201,980 0 0 BB&T CORP 054937107 2,195 75,400 0 0 75,400 03 75,400 0 0 BEACON ROOFING SUPPLY INC 073685109 549 16,500 0 0 16,500 03 16,500 0 0 BEAM INC 073730103 2,499 40,900 0 0 40,900 03 40,900 0 0 Beam Inc. Common USD3.125 073730103 336 5,500 0 0 5,500 01 5,500 0 0 Becton Dickinson & Co. Common USD1 075887109 13,426 171,710 0 0 171,710 01 171,710 0 0 Becton Dickinson & Co. Common USD1 075887109 469 6,000 0 0 6,000 01 6,000 0 0 BECTON DICKINSON AND CO 075887109 14,615 186,951 0 0 186,951 03 186,951 0 0 BED BATH & BEYOND INC 075896100 7,186 128,532 0 0 128,532 03 128,532 0 0 BEMIS COMPANY 081437105 669 20,000 0 0 20,000 03 20,000 0 0 BERKSHIRE HATHAWAY INC-CL A 084670108 670 5 0 0 5 03 5 0 0 BERKSHIRE HATHAWAY INC-CL B 084670702 24,141 269,125 0 0 269,125 03 269,125 0 0 BEST BUY CO INC 086516101 3,814 321,840 0 0 321,840 03 321,840 0 0 BHP BILLITON LTD-SPON ADR 088606108 1,245 15,870 0 0 15,870 03 15,870 0 0 BHP BILLITON PLC-ADR 05545E209 771 10,950 0 0 10,950 03 10,950 0 0 Biglari Holdings Inc. Com. USD0.50 08986R101 195 500 0 0 500 01 500 0 0 --------- 137,149

Form 13F Information Table GAM Holding AG Page 7 of 50 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 4,576 31,196 0 0 31,196 03 31,196 0 0 Biogen Idec Inc. Common USD0.0005 09062X103 372 2,540 0 0 2,540 01 2,540 0 0 BIOMARIN PHARMACEUTICAL INC 09061G101 3,786 76,866 0 0 76,866 03 76,866 0 0 BIOMED REALTY TRUST INC 09063H107 659 34,100 0 0 34,100 03 34,100 0 0 BLACKROCK INC 09247X101 5,690 27,528 0 0 27,528 03 27,528 0 0 Blackrock Inc. Common USD0.01 09247X101 1,478 7,150 0 0 7,150 01 7,150 0 0 BMC SOFTWARE INC 055921100 1,617 40,770 0 0 40,770 03 40,770 0 0 Boeing Co. Common USD5 097023105 490 6,500 0 0 6,500 01 6,500 0 0 BOEING CO/THE 097023105 5,916 78,497 0 0 78,497 03 78,497 0 0 BORGWARNER INC 099724106 1,368 19,106 0 0 19,106 03 19,106 0 0 BorgWarner Inc. Com. USD 0.01 099724106 13,125 183,256 0 0 183,256 01 183,256 0 0 BOSTON PROPERTIES INC 101121101 4,159 39,310 0 0 39,310 03 39,310 0 0 BOSTON SCIENTIFIC CORP 101137107 4,707 821,440 0 0 821,440 03 821,440 0 0 Boston Scientific Corp. Common USD 101137107 56,311 9,837,467 0 0 9,837,467 01 9,837,467 0 0 Boyd Gaming Corporation Common USD 103304101 133 20,000 0 0 20,000 01 20,000 0 0 BP PLC-SPONS ADR 055622104 667 16,022 0 0 16,022 03 16,022 0 0 BPZ RESOURCES INC 055639108 69 21,779 0 0 21,779 03 21,779 0 0 BRANDYWINE REALTY TRUST 105368203 354 29,000 0 0 29,000 03 29,000 0 0 BRE PROPERTIES INC 05564E106 874 17,200 0 0 17,200 03 17,200 0 0 BRF - BRASIL FOODS SA-ADR 10552T107 612 29,000 0 0 29,000 03 29,000 0 0 Brink's Co./The Com. USD1.00 109696104 571 20,000 0 0 20,000 01 20,000 0 0 BRISTOL-MYERS SQUIBB CO 110122108 8,748 268,430 0 0 268,430 03 268,430 0 0 Bristol-Myers Squibb Co. Common US 110122108 326 10,000 0 0 10,000 01 10,000 0 0 BROADCOM CORP-CL A 111320107 2,976 89,600 0 0 89,600 03 89,600 0 0 Broadsoft Inc. Common NPV 11133B409 800 22,030 0 0 22,030 01 22,030 0 0 --------- 120,383

Form 13F Information Table GAM Holding AG Page 8 of 50 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 BROWN-FORMAN CORP-CLASS B 115637209 4,466 70,609 0 0 70,609 03 70,609 0 0 BUNGE LTD G16962105 1,243 17,100 0 0 17,100 03 17,100 0 0 Bunge Ltd. Common USD0.01 G16962105 2,397 32,980 0 0 32,980 01 32,980 0 0 Burger King Worldwide Inc Com. NPV 121220107 2,223 135,234 0 0 135,234 01 135,234 0 0 BURGER KING WORLDWIDE INC 121220107 3,896 237,000 0 0 237,000 03 237,000 0 0 C.H. ROBINSON WORLDWIDE INC 12541W209 1,473 23,300 0 0 23,300 03 23,300 0 0 CA INC 12673P105 1,981 90,115 0 0 90,115 03 90,115 0 0 CABLEVISION SYSTEMS-NY GRP-A 12686C109 67 4,500 0 0 4,500 03 4,500 0 0 Cablevision Systems Corp. Class A 12686C109 628 42,000 0 0 42,000 01 42,000 0 0 CABOT OIL & GAS CORP 127097103 1,224 24,600 0 0 24,600 03 24,600 0 0 Cabot Oil & Gas Corp. Com. USD0.10 127097103 532 10,700 0 0 10,700 01 10,700 0 0 CACI INTERNATIONAL INC -CL A 127190304 1,211 22,000 0 0 22,000 03 22,000 0 0 Cadence Design Systems Inc. Com. U 127387108 1,824 134,990 0 0 134,990 01 134,990 0 0 CALGON CARBON CORP 129603106 182 12,800 0 0 12,800 03 12,800 0 0 CALPINE CORP 131347304 140 7,738 0 0 7,738 03 7,738 0 0 CAMDEN PROPERTY TRUST 133131102 1,488 21,818 0 0 21,818 03 21,818 0 0 CAMERON INTERNATIONAL CORP 13342B105 508 9,002 0 0 9,002 03 9,002 0 0 CAMPBELL SOUP CO 134429109 3,877 111,130 0 0 111,130 03 111,130 0 0 Canterbury Park Hdgs. Corp. Com. U 13811E101 39 4,000 0 0 4,000 01 4,000 0 0 CAPITAL ONE FINANCIAL CORP 14040H105 4,813 83,075 0 0 83,075 03 83,075 0 0 CAPITAL ONE FINANCIAL CORP 14040H105 958 16,544 0 0 16,544 04 16,544 0 0 CAPSTONE TURBINE CORP 14067D102 485 545,156 0 0 545,156 03 545,156 0 0 CARDINAL HEALTH INC 14149Y108 2,069 50,252 0 0 50,252 03 50,252 0 0 Cardinal Health Incorporated Commo 14149Y108 913 22,180 0 0 22,180 01 22,180 0 0 CAREFUSION CORP 14170T101 127 4,450 0 0 4,450 03 4,450 0 0 Carefusion Corp. Common USD0.01 14170T101 8,576 300,000 0 0 300,000 01 300,000 0 0 --------- 47,340

Form 13F Information Table GAM Holding AG Page 9 of 50 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 CARMAX INC 143130102 942 25,100 0 0 25,100 03 25,100 0 0 CARNIVAL CORP 143658300 3,199 87,000 0 0 87,000 03 87,000 0 0 Catamaran Corp Com. NPV 148887102 1,629 34,584 0 0 34,584 01 34,584 0 0 CATERPILLAR INC 149123101 11,634 129,869 0 0 129,869 03 129,869 0 0 CBL & ASSOCIATES PROPERTIES 124830100 749 35,334 0 0 35,334 03 35,334 0 0 CBRE GROUP INC - A 12504L109 4,925 247,485 0 0 247,485 03 247,485 0 0 CBS CORP-CLASS B NON VOTING 124857202 2,771 72,814 0 0 72,814 03 72,814 0 0 CEDAR REALTY TRUST INC 150602209 70 13,300 0 0 13,300 03 13,300 0 0 CELANESE CORP-SERIES A 150870103 142 3,200 0 0 3,200 03 3,200 0 0 CELGENE CORP 151020104 11,244 142,837 0 0 142,837 03 142,837 0 0 CEMEX SAB DE CV NOTE 4.875% 3/1 151290AV5 7,439 6,748,000 0 0 6,748,000 04 6,748,000 0 0 Cemex SAB - Spons. ADR Part. Cer. 151290889 701 71,000 0 0 71,000 01 71,000 0 0 CEMIG SA -SPONS ADR 204409601 609 56,100 0 0 56,100 03 56,100 0 0 CENTERPOINT ENERGY INC 15189T107 175 9,100 0 0 9,100 03 9,100 0 0 CENTRAIS ELETRICAS BR-SP ADR 15234Q207 62 20,000 0 0 20,000 03 20,000 0 0 CENTURYLINK INC 156700106 3,268 83,527 0 0 83,527 03 83,527 0 0 CEPHEID INC 15670R107 2,816 83,300 0 0 83,300 03 83,300 0 0 CERNER CORP 156782104 4,829 62,200 0 0 62,200 03 62,200 0 0 CF INDUSTRIES HOLDINGS INC 125269100 691 3,400 0 0 3,400 03 3,400 0 0 CHART INDUSTRIES INC 16115Q308 333 5,000 0 0 5,000 03 5,000 0 0 CHARTER COMMUNICATION-A 16117M305 67 871 0 0 871 03 871 0 0 CHECK POINT SOFTWARE TECH M22465104 236 5,020 0 0 5,020 03 5,020 0 0 CHESAPEAKE ENERGY CORP 165167107 597 35,900 0 0 35,900 03 35,900 0 0 CHEVRON CORP 166764100 48,987 452,996 0 0 452,996 03 452,996 0 0 CHICAGO BRIDGE & IRON CO NV 167250109 514 11,100 0 0 11,100 03 11,100 0 0 Chicago Bridge & Iron Co. NV (NY S 167250109 11,270 243,152 0 0 243,152 01 243,152 0 0 --------- 119,901

Form 13F Information Table GAM Holding AG Page 10 of 50 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 CHINA LIFE INSURANCE CO-ADR 16939P106 353 7,100 0 0 7,100 03 7,100 0 0 China Life Insurance Co. ADR (1 Re 16939P106 367 7,400 0 0 7,400 01 7,400 0 0 China Mobile HK Spon ADR (1 Rep 5 16941M109 546 9,300 0 0 9,300 01 9,300 0 0 CHINA MOBILE LTD-SPON ADR 16941M109 305 5,200 0 0 5,200 03 5,200 0 0 China Petroleum & Chemical ADR (1 16941R108 575 5,000 0 0 5,000 01 5,000 0 0 CHINA SOUTHERN AIR-SPONS ADR 169409109 517 20,000 0 0 20,000 03 20,000 0 0 CHINA UNICOM HONG KONG-ADR 16945R104 456 28,000 0 0 28,000 03 28,000 0 0 CHIPOTLE MEXICAN GRILL INC 169656105 498 1,675 0 0 1,675 03 1,675 0 0 Christopher & Banks Corp. Common U 171046105 409 75,000 0 0 75,000 01 75,000 0 0 CHUBB CORP 171232101 6,666 88,508 0 0 88,508 03 88,508 0 0 Chubb Corporation Common USD1.00 171232101 9,039 120,000 0 0 120,000 01 120,000 0 0 CHUNGHWA TELECOM LTD-ADR 17133Q502 226 7,000 0 0 7,000 03 7,000 0 0 CHURCH & DWIGHT CO INC 171340102 2,341 43,700 0 0 43,700 03 43,700 0 0 Church & Dwight Co. Inc. Common US 171340102 10,178 190,000 0 0 190,000 01 190,000 0 0 Churchill Downs Inc Com. NPV 171484108 239 3,604 0 0 3,604 01 3,604 0 0 CIA BRASILEIRA DE DIS-SP PRF 20440T201 1,019 22,950 0 0 22,950 03 22,950 0 0 CIA CERVECERIAS UNIDAS-ADR 204429104 7,014 221,750 0 0 221,750 03 221,750 0 0 CIA DE MINAS BUENAVENTUR-ADR 204448104 4,997 139,000 0 0 139,000 03 139,000 0 0 CIA SANEAMENTO BASICO DE-ADR 20441A102 2,535 30,336 0 0 30,336 03 30,336 0 0 CIGNA CORP 125509109 587 10,981 0 0 10,981 03 10,981 0 0 CIMAREX ENERGY CO 171798101 110 1,900 0 0 1,900 03 1,900 0 0 CINCINNATI FINANCIAL CORP 172062101 153 3,900 0 0 3,900 03 3,900 0 0 CINTAS CORP 172908105 98 2,400 0 0 2,400 03 2,400 0 0 Circor International Inc. Com. USD 17273K109 580 14,652 0 0 14,652 01 14,652 0 0 Circor International Inc. Com. USD 17273K109 396 10,000 0 0 10,000 01 10,000 0 0 --------- 50,206

Form 13F Information Table GAM Holding AG Page 11 of 50 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 CISCO SYSTEMS INC 17275R102 39,663 2,018,449 0 0 2,018,449 03 2,018,449 0 0 Cisco Systems Inc. Common USD0.001 17275R102 14,029 713,990 0 0 713,990 01 713,990 0 0 CIT GROUP INC 125581801 153 3,966 0 0 3,966 03 3,966 0 0 CITIGROUP INC 172967424 27,588 697,359 0 0 697,359 03 697,359 0 0 Citigroup Incorporated Common USD0 172967424 13,250 334,928 0 0 334,928 01 334,928 0 0 CITRIX SYSTEMS INC 177376100 1,637 24,900 0 0 24,900 03 24,900 0 0 CLIFFS NATURAL RESOURCES INC 18683K101 2,048 53,100 0 0 53,100 03 53,100 0 0 CLOROX COMPANY 189054109 930 12,700 0 0 12,700 03 12,700 0 0 CME GROUP INC 12572Q105 837 16,515 0 0 16,515 03 16,515 0 0 CMS ENERGY CORP 125896100 638 26,173 0 0 26,173 03 26,173 0 0 CNOOC LTD-ADR 126132109 506 2,300 0 0 2,300 03 2,300 0 0 CNOOC Ltd. ADR (1 Rep. 100 Ord.) 126132109 646 2,940 0 0 2,940 01 2,940 0 0 COACH INC 189754104 15,447 278,282 0 0 278,282 03 278,282 0 0 Cobalt International Energy Com. U 19075F106 1,774 72,222 0 0 72,222 01 72,222 0 0 COBALT INTERNATIONAL ENERGY 19075F106 1,353 55,071 0 0 55,071 03 55,071 0 0 COCA-COLA CO/THE 191216100 31,794 877,081 0 0 877,081 03 877,081 0 0 Coca-Cola Company Common USD0.25 191216100 362 10,000 0 0 10,000 01 10,000 0 0 COCA-COLA ENTERPRISES 19122T109 1,482 46,700 0 0 46,700 03 46,700 0 0 COGNIZANT TECH SOLUTIONS-A 192446102 2,920 39,438 0 0 39,438 03 39,438 0 0 Cohen & Steers Inc. Com. USD0.01 19247A100 259 8,500 0 0 8,500 01 8,500 0 0 COLFAX CORP 194014106 581 14,400 0 0 14,400 03 14,400 0 0 COLGATE-PALMOLIVE CO 194162103 4,643 44,413 0 0 44,413 03 44,413 0 0 Colgate-Palmolive Co. Common USD1. 194162103 6,710 64,190 0 0 64,190 01 64,190 0 0 COLONIAL PROPERTIES TRUST 195872106 433 20,260 0 0 20,260 03 20,260 0 0 COMCAST CORP-CLASS A 20030N101 20,252 541,800 0 0 541,800 03 541,800 0 0 --------- 189,937

Form 13F Information Table GAM Holding AG Page 12 of 50 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 COMCAST CORP-SPECIAL CL A 20030N200 803 22,328 0 0 22,328 03 22,328 0 0 COMERICA INC 200340107 2,761 91,000 0 0 91,000 03 91,000 0 0 COMMONWEALTH REIT 203233101 333 21,050 0 0 21,050 03 21,050 0 0 COMMVAULT SYSTEMS INC 204166102 711 10,200 0 0 10,200 03 10,200 0 0 COMPANHIA DE BEBIDAS-PRF ADR 20441W203 5,431 129,350 0 0 129,350 03 129,350 0 0 COMPUTER PROGRAMS & SYSTEMS 205306103 252 5,000 0 0 5,000 03 5,000 0 0 COMPUTER SCIENCES CORP 205363104 1,123 28,040 0 0 28,040 03 28,040 0 0 CONAGRA FOODS INC 205887102 268 9,100 0 0 9,100 03 9,100 0 0 CONCHO RESOURCES INC 20605P101 824 10,234 0 0 10,234 03 10,234 0 0 Concur Technologies Inc. Com. USD0 206708109 1,196 17,720 0 0 17,720 01 17,720 0 0 Conns Inc Common USD0.01 208242107 22,984 750,000 0 0 750,000 01 750,000 0 0 ConocoPhillips Common USD1.250 20825C104 5,799 100,000 0 0 100,000 01 100,000 0 0 CONOCOPHILLIPS 20825C104 16,122 278,074 0 0 278,074 03 278,074 0 0 CONSOL ENERGY INC 20854P109 2,528 78,750 0 0 78,750 03 78,750 0 0 Consol Energy Inc. Common USD0.01 20854P109 391 12,170 0 0 12,170 01 12,170 0 0 CONSOLIDATED EDISON INC 209115104 355 6,398 0 0 6,398 03 6,398 0 0 Consolidated Tomoka Land Common US 210226106 187 6,000 0 0 6,000 01 6,000 0 0 CONSTELLATION BRANDS INC-A 21036P108 841 23,777 0 0 23,777 03 23,777 0 0 CONSUMER DISCRETIONARY SELT 81369Y407 3,225 68,000 0 0 68,000 03 68,000 0 0 CONTINENTAL RESOURCES INC/OK 212015101 821 11,174 0 0 11,174 03 11,174 0 0 Copa Holdings SA Class A Com. NPV P31076105 467 4,700 0 0 4,700 01 4,700 0 0 Copa Holdings SA Class A Com. NPV P31076105 2,811 28,265 0 0 28,265 04 28,265 0 0 CORNING INC 219350105 5,440 431,100 0 0 431,100 03 431,100 0 0 Corning Incorporated Common USD0.5 219350105 378 30,000 0 0 30,000 01 30,000 0 0 CORPORATE OFFICE PROPERTIES 22002T108 410 16,400 0 0 16,400 03 16,400 0 0 CORRECTIONS CORP OF AMERICA 22025Y407 855 24,100 0 0 24,100 03 24,100 0 0 --------- 77,319

Form 13F Information Table GAM Holding AG Page 13 of 50 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 COSTCO WHOLESALE CORP 22160K105 6,786 68,702 0 0 68,702 03 68,702 0 0 COUSINS PROPERTIES INC 222795106 180 21,590 0 0 21,590 03 21,590 0 0 COVANCE INC 222816100 462 8,000 0 0 8,000 03 8,000 0 0 COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 3,019 2,500,000 0 0 2,500,000 04 2,500,000 0 0 COVENTRY HEALTH CARE INC 222862104 117 2,600 0 0 2,600 03 2,600 0 0 CR BARD INC 067383109 5,220 53,404 0 0 53,404 03 53,404 0 0 Crane Company Common USD1.00 224399105 324 7,000 0 0 7,000 01 7,000 0 0 CREDICORP LTD G2519Y108 293 2,000 0 0 2,000 03 2,000 0 0 Credicorp Ltd. Common USD5.00 G2519Y108 1,011 6,900 0 0 6,900 01 6,900 0 0 CREE INC 225447101 584 17,200 0 0 17,200 03 17,200 0 0 CROWN CASTLE INTL CORP 228227104 462 6,399 0 0 6,399 03 6,399 0 0 Crown Holdings Inc Com. USD 5.00 228368106 667 18,120 0 0 18,120 01 18,120 0 0 CROWN HOLDINGS INC 228368106 121 3,300 0 0 3,300 03 3,300 0 0 CSX CORP 126408103 2,813 142,567 0 0 142,567 03 142,567 0 0 CTRIP.COM INTERNATIONAL-ADR 22943F100 1,352 59,410 0 0 59,410 03 59,410 0 0 CTS Corporation Common NPV 126501105 319 30,000 0 0 30,000 01 30,000 0 0 CUBESMART 229663109 468 32,100 0 0 32,100 03 32,100 0 0 CUBIST PHARMACEUTICALS INC 229678107 648 15,400 0 0 15,400 03 15,400 0 0 CUMMINS INC 231021106 5,238 48,391 0 0 48,391 03 48,391 0 0 Cummins Inc. Common USD2.50 231021106 13,217 121,980 0 0 121,980 01 121,980 0 0 Curtiss-Wright Corporation Common 231561101 82 2,500 0 0 2,500 01 2,500 0 0 CVR ENERGY INC 12662P108 220 4,500 0 0 4,500 03 4,500 0 0 CVS CAREMARK CORP 126650100 18,360 379,729 0 0 379,729 03 379,729 0 0 CVS Caremark Corp. Common USD0.01 126650100 1,536 31,776 0 0 31,776 01 31,776 0 0 D.R. Horton Inc 2% Cv. 15-05-2014 23331ABB4 3,022 1,922,000 0 0 1,922,000 01 1,922,000 0 0 D.R. Horton Inc 2% Cv. 15-05-2014 23331ABB4 5,318 3,532,000 0 0 3,532,000 02 3,532,000 0 0 --------- 71,837

Form 13F Information Table GAM Holding AG Page 14 of 50 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 712 36,000 0 0 36,000 01 36,000 0 0 D.R. Horton Inc. Com. USD0.01 23331A109 3,280 2,086,000 0 0 2,086,000 01 2,086,000 0 0 Dana Holding Corp. Common USD0.01 235825205 1,008 64,616 0 0 64,616 01 64,616 0 0 Dana Holding Corp. Common USD0.01 235825205 281 18,000 0 0 18,000 01 18,000 0 0 DANAHER CORP 235851102 10,763 192,532 0 0 192,532 03 192,532 0 0 Danaher Corp. Com. USD0.01 235851102 12,370 221,284 0 0 221,284 01 221,284 0 0 DARDEN RESTAURANTS INC 237194105 135 3,000 0 0 3,000 03 3,000 0 0 DAVITA HEALTHCARE PARTNERS I 23918K108 2,393 21,650 0 0 21,650 03 21,650 0 0 DCT INDUSTRIAL TRUST INC 233153105 373 57,400 0 0 57,400 03 57,400 0 0 DDR CORP 23317H102 809 51,659 0 0 51,659 03 51,659 0 0 DECKERS OUTDOOR CORP 243537107 970 24,090 0 0 24,090 03 24,090 0 0 Deckers Outdoor Corp. Common USD 0 243537107 970 24,081 0 0 24,081 01 24,081 0 0 DEERE & CO 244199105 4,059 46,964 0 0 46,964 03 46,964 0 0 Deere & Company Common USD1.00 244199105 778 9,000 0 0 9,000 01 9,000 0 0 DELL INC 24702R101 1,432 141,378 0 0 141,378 03 141,378 0 0 DELTA AIR LINES INC 247361702 55 4,600 0 0 4,600 03 4,600 0 0 Demandware Com. USD0.01 24802Y105 3,497 128,000 0 0 128,000 01 128,000 0 0 DENBURY RESOURCES INC 247916208 454 28,000 0 0 28,000 03 28,000 0 0 DENDREON CORP 24823Q107 132 25,000 0 0 25,000 03 25,000 0 0 DENTSPLY INTERNATIONAL INC 249030107 2,175 54,900 0 0 54,900 03 54,900 0 0 DEVON ENERGY CORPORATION 25179M103 10,677 205,172 0 0 205,172 03 205,172 0 0 Diageo PLC Sponsored ADR 25243Q205 816 7,000 0 0 7,000 01 7,000 0 0 DIAMOND OFFSHORE DRILLING 25271C102 3,172 46,673 0 0 46,673 03 46,673 0 0 DIAMONDROCK HOSPITALITY CO 252784301 397 44,143 0 0 44,143 03 44,143 0 0 DICK'S SPORTING GOODS INC 253393102 91 2,001 0 0 2,001 03 2,001 0 0 Dick's Sporting Goods Inc. Com. US 253393102 1,056 23,220 0 0 23,220 01 23,220 0 0 --------- 62,853

Form 13F Information Table GAM Holding AG Page 15 of 50 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 92 3,000 0 0 3,000 01 3,000 0 0 DIGITAL REALTY TRUST INC 253868103 3,491 51,424 0 0 51,424 03 51,424 0 0 Digital Realty Trust Inc. Com. USD 253868103 13,301 195,923 0 0 195,923 01 195,923 0 0 Digitalglobe Inc. Com. USD0.001 25389M877 802 32,820 0 0 32,820 01 32,820 0 0 DIRECTV Com. USD 0.01 25490A309 502 10,000 0 0 10,000 01 10,000 0 0 DIRECTV 25490A309 7,990 159,288 0 0 159,288 03 159,288 0 0 DISCOVER FINANCIAL SERVICES 254709108 3,492 90,579 0 0 90,579 03 90,579 0 0 DISCOVERY COMMUNICATIONS-A 25470F104 178 2,800 0 0 2,800 03 2,800 0 0 DISCOVERY COMMUNICATIONS-C 25470F302 146 2,500 0 0 2,500 03 2,500 0 0 DISH NETWORK CORP-A 25470M109 157 4,300 0 0 4,300 03 4,300 0 0 DISH Network Corp. Cls. A Com. USD 25470M109 692 19,000 0 0 19,000 01 19,000 0 0 DOCTOR REDDY'S LAB-ADR 256135203 17 500 0 0 500 03 500 0 0 DOLBY LABORATORIES INC-CL A 25659T107 29 1,000 0 0 1,000 03 1,000 0 0 DOLLAR GENERAL CORP 256677105 1,783 40,447 0 0 40,447 03 40,447 0 0 DOLLAR TREE INC 256746108 515 12,702 0 0 12,702 03 12,702 0 0 DOMINION RESOURCES INC/VA 25746U109 3,175 61,286 0 0 61,286 03 61,286 0 0 DOMTAR CORP 257559203 200 2,400 0 0 2,400 03 2,400 0 0 DOUGLAS EMMETT INC 25960P109 664 28,500 0 0 28,500 03 28,500 0 0 DOVER CORP 260003108 6,666 101,443 0 0 101,443 03 101,443 0 0 DOW CHEMICAL CO/THE 260543103 4,686 145,000 0 0 145,000 03 145,000 0 0 DR HORTON INC 23331A109 4,692 237,200 0 0 237,200 03 237,200 0 0 DR PEPPER SNAPPLE GROUP INC 26138E109 1,081 24,471 0 0 24,471 03 24,471 0 0 Dr Pepper Snapple Grp. Inc. Com. U 26138E109 442 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 56,448 1,255,200 0 0 1,255,200 01 1,255,200 0 0 --------- 111,469

Form 13F Information Table GAM Holding AG Page 16 of 50 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 6,821 151,684 0 0 151,684 03 151,684 0 0 DUKE ENERGY CORP 26441C204 2,882 45,173 0 0 45,173 03 45,173 0 0 DUKE REALTY CORP 264411505 914 65,901 0 0 65,901 03 65,901 0 0 DUN & BRADSTREET CORP 26483E100 87 1,100 0 0 1,100 03 1,100 0 0 DUPONT FABROS TECHNOLOGY 26613Q106 362 15,000 0 0 15,000 03 15,000 0 0 EASTGROUP PROPERTIES INC 277276101 452 8,400 0 0 8,400 03 8,400 0 0 EASTMAN CHEMICAL CO 277432100 333 4,900 0 0 4,900 03 4,900 0 0 Eastman Kodak Co Com. USD 2.50 277461109 90 501,212 0 0 501,212 01 501,212 0 0 EATON VANCE CORP 278265103 73 2,300 0 0 2,300 03 2,300 0 0 EBAY INC 278642103 14,130 276,956 0 0 276,956 03 276,956 0 0 eBay Incorporated Common USD0.001 278642103 48,805 957,000 0 0 957,000 01 957,000 0 0 eBay Incorporated Common USD0.001 278642103 612 12,000 0 0 12,000 01 12,000 0 0 Echostar Corp. A Com. NPV 278768106 445 13,000 0 0 13,000 01 13,000 0 0 ECOLAB INC 278865100 7,273 101,148 0 0 101,148 03 101,148 0 0 ECOPETROL SA-SPONSORED ADR 279158109 298 5,000 0 0 5,000 03 5,000 0 0 EDISON INTERNATIONAL 281020107 1,663 36,800 0 0 36,800 03 36,800 0 0 EDUCATION REALTY TRUST INC 28140H104 377 35,400 0 0 35,400 03 35,400 0 0 Edward Lifesciences Corporation Co 28176E108 991 10,990 0 0 10,990 01 10,990 0 0 Edwards Group Ltd. ADR (1 Rep. 1 O 281736108 1,046 171,000 0 0 171,000 01 171,000 0 0 EDWARDS LIFESCIENCES CORP 28176E108 929 10,300 0 0 10,300 03 10,300 0 0 ELECTRONIC ARTS INC 285512109 1,158 79,680 0 0 79,680 03 79,680 0 0 Electronic Arts Inc. Common USD0.0 285512109 320 22,000 0 0 22,000 01 22,000 0 0 Eli Lilly & Co Com. NPV 532457108 1,294 26,240 0 0 26,240 01 26,240 0 0 ELI LILLY & CO 532457108 9,691 196,490 0 0 196,490 03 196,490 0 0 EMC Corp. 1.75% Cv. 01-12-2013 268648AM4 2,076 1,300,000 0 0 1,300,000 01 1,300,000 0 0 --------- 103,121

Form 13F Information Table GAM Holding AG Page 17 of 50 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 EMC Corp. 1.75% Cv. 01-12-2013 268648AM4 13,488 8,500,000 0 0 8,500,000 02 8,500,000 0 0 EMC Corp. 1.75% Cv. 01-12-2013 268648AM4 12,033 7,536,000 0 0 7,536,000 01 7,536,000 0 0 EMC Corp. Massachusetts Common USD 268648102 13,440 531,210 0 0 531,210 01 531,210 0 0 EMC CORP/MA 268648102 15,330 606,077 0 0 606,077 03 606,077 0 0 EMERGENT BIOSOLUTIONS INC 29089Q105 160 10,000 0 0 10,000 03 10,000 0 0 Emerson Electric Co Com. USD 0.50 291011104 10,633 200,773 0 0 200,773 01 200,773 0 0 EMERSON ELECTRIC CO 291011104 14,127 266,752 0 0 266,752 03 266,752 0 0 EMPRESA NAC ELEC-CHIL-SP ADR 29244T101 781 16,000 0 0 16,000 03 16,000 0 0 ENERGEN CORP 29265N108 63 1,400 0 0 1,400 03 1,400 0 0 ENERGIZER HOLDINGS INC 29266R108 112 1,400 0 0 1,400 03 1,400 0 0 Energizer Holdings Inc. Common USD 29266R108 520 6,500 0 0 6,500 01 6,500 0 0 ENERNOC INC 292764107 530 45,100 0 0 45,100 03 45,100 0 0 ENERSIS S.A. -SPONS ADR 29274F104 1,971 108,198 0 0 108,198 03 108,198 0 0 EnerSys Inc Com. USD 0.01 29275Y102 6,742 179,164 0 0 179,164 01 179,164 0 0 Enova Systems Inc. Ord. NPV 29355M200 27 1,466,432 0 0 1,466,432 01 1,466,432 0 0 ENPHASE ENERGY INC 29355A107 269 73,700 0 0 73,700 03 73,700 0 0 ENTERGY CORP 29364G103 3,233 50,720 0 0 50,720 03 50,720 0 0 EOG RESOURCES INC 26875P101 3,250 26,908 0 0 26,908 03 26,908 0 0 EPR PROPERTIES 26884U109 493 10,700 0 0 10,700 03 10,700 0 0 EQT CORP 26884L109 225 3,819 0 0 3,819 03 3,819 0 0 EQUIFAX INC 294429105 135 2,500 0 0 2,500 03 2,500 0 0 EQUINIX INC 29444U502 207 1,003 0 0 1,003 03 1,003 0 0 EQUITY LIFESTYLE PROPERTIES 29472R108 585 8,700 0 0 8,700 03 8,700 0 0 EQUITY ONE INC 294752100 330 15,700 0 0 15,700 03 15,700 0 0 EQUITY RESIDENTIAL 29476L107 4,386 77,400 0 0 77,400 03 77,400 0 0 ESCO Technologies Inc. Com. USD0.0 296315104 4,489 120,000 0 0 120,000 01 120,000 0 0 --------- 107,561

Form 13F Information Table GAM Holding AG Page 18 of 50 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 ESSEX PROPERTY TRUST INC 297178105 1,159 7,900 0 0 7,900 03 7,900 0 0 ESTEE LAUDER COMPANIES-CL A 518439104 14,612 244,100 0 0 244,100 03 244,100 0 0 Exelis Inc. Com. NPV 30162A108 135 12,000 0 0 12,000 01 12,000 0 0 EXELON CORP 30161N101 7,469 251,152 0 0 251,152 03 251,152 0 0 Expedia Inc Com. USD0.001 30212P303 2,150 35,000 0 0 35,000 01 35,000 0 0 EXPEDIA INC 30212P303 135 2,200 0 0 2,200 03 2,200 0 0 EXPEDITORS INTL WASH INC 302130109 2,274 57,500 0 0 57,500 03 57,500 0 0 EXPRESS SCRIPTS HOLDING CO 30219G108 9,595 177,692 0 0 177,692 03 177,692 0 0 EXTRA SPACE STORAGE INC 30225T102 808 22,200 0 0 22,200 03 22,200 0 0 EXXON MOBIL CORP 30231G102 75,294 869,948 0 0 869,948 03 869,948 0 0 Exxon Mobil Corp. Com. NPV 30231G102 230 2,662 0 0 2,662 01 2,662 0 0 Exxon Mobil Corp. Com. NPV 30231G102 87 1,000 0 0 1,000 01 1,000 0 0 F5 NETWORKS INC 315616102 952 9,800 0 0 9,800 03 9,800 0 0 FACEBOOK INC-A 30303M102 588 22,095 0 0 22,095 03 22,095 0 0 Facebook Inc. Com. 0.000001 30303M102 7,185 269,900 0 0 269,900 01 269,900 0 0 FAMILY DOLLAR STORES 307000109 146 2,299 0 0 2,299 03 2,299 0 0 FASTENAL CO 311900104 2,624 56,200 0 0 56,200 03 56,200 0 0 Federal Mogul Corp. Com. USD0.01 313549404 337 42,000 0 0 42,000 01 42,000 0 0 FEDERAL REALTY INVS TRUST 313747206 1,592 15,300 0 0 15,300 03 15,300 0 0 FEDEX CORP 31428X106 3,430 37,400 0 0 37,400 03 37,400 0 0 FELCOR LODGING TRUST INC 31430F101 144 30,840 0 0 30,840 03 30,840 0 0 FIDELITY NATIONAL FINL-A 31620R105 1,598 67,867 0 0 67,867 03 67,867 0 0 FIDELITY NATIONAL FINL-A 31620R105 487 20,693 0 0 20,693 04 20,693 0 0 FIDELITY NATIONAL INFORMATIO 31620M106 174 4,997 0 0 4,997 03 4,997 0 0 Fifth & Pacific Co Inc Com. USD 1. 316645100 1,361 109,389 0 0 109,389 01 109,389 0 0 FIFTH THIRD BANCORP 316773100 2,171 142,900 0 0 142,900 03 142,900 0 0 FIFTH THIRD BANCORP 316773100 992 64,970 0 0 64,970 04 64,970 0 0 --------- 137,730

Form 13F Information Table GAM Holding AG Page 19 of 50 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 FINANCIAL SELECT SECTOR SPDR 81369Y605 8,084 493,000 0 0 493,000 03 493,000 0 0 FIRST INDUSTRIAL REALTY TR 32054K103 294 20,900 0 0 20,900 03 20,900 0 0 FIRST POTOMAC REALTY TRUST 33610F109 146 11,800 0 0 11,800 03 11,800 0 0 FIRST REPUBLIC BANK/CA 33616C100 58 1,763 0 0 1,763 03 1,763 0 0 FIRST SOLAR INC 336433107 926 30,000 0 0 30,000 03 30,000 0 0 First Solar Inc. Com. USD0.001 336433107 27,370 887,041 0 0 887,041 01 887,041 0 0 FIRSTENERGY CORP 337932107 1,840 44,056 0 0 44,056 03 44,056 0 0 FISERV INC 337738108 3,058 38,700 0 0 38,700 03 38,700 0 0 Fisher Communications Inc. Com. US 337756209 336 12,500 0 0 12,500 01 12,500 0 0 FLEXTRONICS INTL LTD Y2573F102 102 16,498 0 0 16,498 03 16,498 0 0 FLIR SYSTEMS INC 302445101 89 4,000 0 0 4,000 03 4,000 0 0 FLOWSERVE CORP 34354P105 3,831 26,100 0 0 26,100 03 26,100 0 0 Flowserve Corporation Common USD1. 34354P105 367 2,500 0 0 2,500 01 2,500 0 0 FLUOR CORP 343412102 1,373 23,369 0 0 23,369 03 23,369 0 0 FMC CORP 302491303 164 2,800 0 0 2,800 03 2,800 0 0 FMC TECHNOLOGIES INC 30249U101 223 5,200 0 0 5,200 03 5,200 0 0 FOCUS MEDIA HOLDING-ADR 34415V109 745 29,000 0 0 29,000 03 29,000 0 0 Fomento Economico Mex ADR SAB (Rep 344419106 201 2,000 0 0 2,000 01 2,000 0 0 FORD MOTOR CO 345370860 11,608 896,400 0 0 896,400 03 896,400 0 0 Ford Motor Company 4.25% Cv. 15-11 345370CN8 2,397 1,500,000 0 0 1,500,000 01 1,500,000 0 0 Ford Motor Company 4.25% Cv. 15-11 345370CN8 4,781 2,992,000 0 0 2,992,000 01 2,992,000 0 0 FOREST CITY ENTERPRISES-CL A 345550107 536 33,200 0 0 33,200 03 33,200 0 0 FOREST LABORATORIES INC 345838106 3,279 92,842 0 0 92,842 03 92,842 0 0 Fortune Brands Home & Security Com 34964C106 234 8,000 0 0 8,000 01 8,000 0 0 FOSSIL INC 349882100 2,467 26,500 0 0 26,500 03 26,500 0 0 FRANKLIN RESOURCES INC 354613101 4,098 32,600 0 0 32,600 03 32,600 0 0 --------- 78,610

Form 13F Information Table GAM Holding AG Page 20 of 50 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 Fred's Incorporated Class A Common 356108100 9,320 700,000 0 0 700,000 01 700,000 0 0 FREEPORT-MCMORAN COPPER 35671D857 15,829 462,844 0 0 462,844 03 462,844 0 0 Freescale Semiconductor Ltd Com. G3727Q101 2,586 235,000 0 0 235,000 01 235,000 0 0 FRONTIER COMMUNICATIONS CORP 35906A108 94 22,062 0 0 22,062 03 22,062 0 0 Fusion-Io Inc. Com. USD0.0002 36112J107 2,042 89,000 0 0 89,000 01 89,000 0 0 GAFISA SA-ADR 362607301 353 76,000 0 0 76,000 03 76,000 0 0 GAMESTOP CORP-CLASS A 36467W109 820 32,700 0 0 32,700 03 32,700 0 0 GameStop Corp. Class A Com. USD0.0 36467W109 713 28,430 0 0 28,430 01 28,430 0 0 GANNETT CO 364730101 1,228 68,210 0 0 68,210 03 68,210 0 0 GAP INC/THE 364760108 553 17,827 0 0 17,827 03 17,827 0 0 GATX Corporation Common USD0.625 361448103 520 12,000 0 0 12,000 01 12,000 0 0 GENCORP INC 368682100 1,372 150,000 0 0 150,000 03 150,000 0 0 GENERAL DYNAMICS CORP 369550108 443 6,400 0 0 6,400 03 6,400 0 0 GENERAL ELECTRIC CO 369604103 40,909 1,948,976 0 0 1,948,976 03 1,948,976 0 0 General Electric Co. Com. USD0.06 369604103 76,640 3,652,261 0 0 3,652,261 01 3,652,261 0 0 GENERAL GROWTH PROPERTIES 370023103 2,643 133,151 0 0 133,151 03 133,151 0 0 GENERAL MILLS INC 370334104 3,378 83,584 0 0 83,584 03 83,584 0 0 GENERAL MOT 10.7.16 CW/GM 37045V118 263 13,485 0 0 13,485 03 13,485 0 0 GENERAL MOT 10.7.19 CW/GM 37045V126 168 13,485 0 0 13,485 03 13,485 0 0 GENERAL MOTORS CO 37045V100 2,988 103,633 0 0 103,633 03 103,633 0 0 General Motors Co. Com. USD0.01 37045V100 736 25,550 0 0 25,550 01 25,550 0 0 General Motors Cw16 Wts 10-07-2016 37045V118 3 131 0 0 131 01 131 0 0 General Motors Cw19 Wts. 10-07-201 37045V126 2 131 0 0 131 01 131 0 0 GENIE ENERGY LTD-B 372284208 1,846 260,000 0 0 260,000 03 260,000 0 0 Gentiva Health Services Inc. Com. 37247A102 141 14,000 0 0 14,000 01 14,000 0 0 --------- 165,593

Form 13F Information Table GAM Holding AG Page 21 of 50 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 GENUINE PARTS CO 372460105 2,550 40,100 0 0 40,100 03 40,100 0 0 Genuine Parts Company Common USD1. 372460105 1,621 25,500 0 0 25,500 01 25,500 0 0 GENWORTH FINANCIAL INC-CL A 37247D106 372 49,600 0 0 49,600 03 49,600 0 0 GERDAU SA -SPON ADR 373737105 153 17,000 0 0 17,000 03 17,000 0 0 GETTY REALTY CORP 374297109 120 6,630 0 0 6,630 03 6,630 0 0 GEVO INC 374396109 60 38,900 0 0 38,900 03 38,900 0 0 Giant Interactive Group-Spon. ADR 374511103 1,351 250,000 0 0 250,000 01 250,000 0 0 GILEAD SCIENCES INC 375558103 16,941 230,647 0 0 230,647 03 230,647 0 0 Gilead Sciences Incorporated Commo 375558103 528 7,190 0 0 7,190 01 7,190 0 0 GLIMCHER REALTY TRUST 379302102 461 41,550 0 0 41,550 03 41,550 0 0 GLOBAL X SILVER MINERS ETF 37950E853 1,472 65,000 0 0 65,000 03 65,000 0 0 GM 4 3/4 12/01/13 37045V209 797 18,060 0 0 18,060 03 18,060 0 0 GOLD FIELDS LTD-SPONS ADR 38059T106 10,429 835,000 0 0 835,000 03 835,000 0 0 Goldcorp Inc. 2% Cv. 01-08-2014 380956AB8 3,619 3,259,000 0 0 3,259,000 01 3,259,000 0 0 Goldcorp Inc. 2% Cv. 01-08-2014 380956AB8 8,390 7,503,000 0 0 7,503,000 02 7,503,000 0 0 Goldcorp Inc. 2% Cv. 01-08-2014 380956AB8 26,74024,078,000 0 024,078,000 01 24,078,000 0 0 Golden Minerals Co. Com. USD0.01 381119106 33 7,232 0 0 7,232 01 7,232 0 0 GOLDMAN SACHS GROUP INC 38141G104 9,656 75,699 0 0 75,699 03 75,699 0 0 GOODYEAR TIRE & RUBBER CO 382550101 344 24,900 0 0 24,900 03 24,900 0 0 GOOGLE INC-CL A 38259P508 44,180 62,281 0 0 62,281 03 62,281 0 0 Google Incorporated Com. Cl A USD0 38259P508 20,645 29,185 0 0 29,185 01 29,185 0 0 GOVERNMENT PROPERTIES INCOME 38376A103 349 14,570 0 0 14,570 03 14,570 0 0 GRAFTECH INTERNATIONAL LTD 384313102 47 5,000 0 0 5,000 03 5,000 0 0 GREEN MOUNTAIN COFFEE ROASTE 393122106 942 22,786 0 0 22,786 03 22,786 0 0 Green Mountain Coffee Roasters Inc 393122106 863 20,885 0 0 20,885 01 20,885 0 0 Griffon Corporation Common USD0.25 398433102 733 64,000 0 0 64,000 01 64,000 0 0 --------- 153,397

Form 13F Information Table GAM Holding AG Page 22 of 50 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 Grupo Fin Santander-Adr B (1 Rep. 40053C105 566 35,000 0 0 35,000 01 35,000 0 0 Grupo Televisa SA-Sp ADR (1 Rep 5 40049J206 798 30,000 0 0 30,000 01 30,000 0 0 Grupo Televisa SA-Sp ADR (1 Rep 5 40049J206 691 26,000 0 0 26,000 01 26,000 0 0 GT ADVANCED TECHNOLOGIES INC 36191U106 292 96,700 0 0 96,700 03 96,700 0 0 GUGGENHEIM S&P 500 EQUAL WEI 78355W106 1,333 25,000 0 0 25,000 03 25,000 0 0 H&R BLOCK INC 093671105 3,065 165,030 0 0 165,030 03 165,030 0 0 Halcon Resources Corp Com. USD 0.0 40537Q209 4,149 600,000 0 0 600,000 01 600,000 0 0 HALLIBURTON CO 406216101 4,022 115,950 0 0 115,950 03 115,950 0 0 Halliburton Company Common USD2.50 406216101 825 23,770 0 0 23,770 01 23,770 0 0 Hanesbrands Inc. Common USD0.01 410345102 1,766 49,311 0 0 49,311 01 49,311 0 0 HARLEY-DAVIDSON INC 412822108 2,266 46,400 0 0 46,400 03 46,400 0 0 HARMONY GOLD MNG-SPON ADR 413216300 8,457 943,850 0 0 943,850 03 943,850 0 0 HARRIS CORP 413875105 2,169 44,300 0 0 44,300 03 44,300 0 0 HARTFORD FINANCIAL SVCS GRP 416515104 3,650 162,640 0 0 162,640 03 162,640 0 0 HASBRO INC 418056107 93 2,600 0 0 2,600 03 2,600 0 0 HCA HOLDINGS INC 40412C101 1,421 47,100 0 0 47,100 03 47,100 0 0 HCP INC 40414L109 5,415 119,862 0 0 119,862 03 119,862 0 0 HDFC BANK LTD-ADR 40415F101 448 11,000 0 0 11,000 03 11,000 0 0 HEALTH CARE REIT INC 42217K106 5,781 94,317 0 0 94,317 03 94,317 0 0 HEALTHCARE REALTY TRUST INC 421946104 456 19,000 0 0 19,000 03 19,000 0 0 HELMERICH & PAYNE 423452101 4,328 77,266 0 0 77,266 03 77,266 0 0 HENRY SCHEIN INC 806407102 201 2,500 0 0 2,500 03 2,500 0 0 HERSHEY CO/THE 427866108 246 3,409 0 0 3,409 03 3,409 0 0 HERTZ GLOBAL HOLDINGS INC 42805T105 83 5,100 0 0 5,100 03 5,100 0 0 Hertz Global Holdings Inc. 5.25% C 42805TAA3 1,097 542,000 0 0 542,000 01 542,000 0 0 --------- 53,618

Form 13F Information Table GAM Holding AG Page 23 of 50 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 Hertz Global Holdings Inc. 5.25% C 42805TAA3 5,788 2,890,000 0 0 2,890,000 02 2,890,000 0 0 Hertz Global Holdings Inc. 5.25% C 42805TAA3 4,675 2,310,000 0 0 2,310,000 01 2,310,000 0 0 Hertz Global Holdings Inc. Com. US 42805T105 1,118 68,740 0 0 68,740 01 68,740 0 0 HESS CORP 42809H107 6,198 117,031 0 0 117,031 03 117,031 0 0 Hess Corporation Common USD1.00 42809H107 397 7,500 0 0 7,500 01 7,500 0 0 HEWLETT-PACKARD CO 428236103 7,264 509,769 0 0 509,769 03 509,769 0 0 Hewlett Packard Co. Common USD0.01 428236103 21,841 1,533,340 0 0 1,533,340 01 1,533,340 0 0 HIGHWOODS PROPERTIES INC 431284108 562 16,800 0 0 16,800 03 16,800 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 16,545 587,878 0 0 587,878 01 587,878 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 366 13,000 0 0 13,000 01 13,000 0 0 HJ HEINZ CO 423074103 2,429 42,120 0 0 42,120 03 42,120 0 0 HJ Heinz Co. Common USD0.25 423074103 13,449 233,160 0 0 233,160 01 233,160 0 0 HMS HOLDINGS CORP 40425J101 2,242 86,500 0 0 86,500 03 86,500 0 0 HOLLYFRONTIER CORP 436106108 205 4,400 0 0 4,400 03 4,400 0 0 HOLOGIC INC 436440101 729 36,412 0 0 36,412 03 36,412 0 0 Hologic Inc. 2% Step Cv. 15-12-203 436440AB7 1,681 1,500,000 0 0 1,500,000 01 1,500,000 0 0 Hologic Inc. Common USD0.01 436440101 3,006 150,239 0 0 150,239 01 150,239 0 0 HOME DEPOT INC 437076102 24,022 388,390 0 0 388,390 03 388,390 0 0 HOME INNS & HOTELS MANAG-ADR 43713W107 694 24,000 0 0 24,000 03 24,000 0 0 HOME PROPERTIES INC 437306103 631 10,300 0 0 10,300 03 10,300 0 0 HONEYWELL INTERNATIONAL INC 438516106 5,928 93,400 0 0 93,400 03 93,400 0 0 Honeywell Intl Inc Com USD1 438516106 698 11,000 0 0 11,000 01 11,000 0 0 HORMEL FOODS CORP 440452100 87 2,800 0 0 2,800 03 2,800 0 0 HOSPIRA INC 441060100 1,643 52,580 0 0 52,580 03 52,580 0 0 HOSPITALITY PROPERTIES TRUST 44106M102 604 25,810 0 0 25,810 03 25,810 0 0 HOST HOTELS & RESORTS INC 44107P104 2,799 178,634 0 0 178,634 03 178,634 0 0 --------- 125,604

Form 13F Information Table GAM Holding AG Page 24 of 50 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 HUDSON CITY BANCORP INC 443683107 82 10,100 0 0 10,100 03 10,100 0 0 HUMANA INC 444859102 2,635 38,400 0 0 38,400 03 38,400 0 0 HUNT (JB) TRANSPRT SVCS INC 445658107 137 2,300 0 0 2,300 03 2,300 0 0 HUNTINGTON BANCSHARES INC 446150104 1,159 180,588 0 0 180,588 04 180,588 0 0 Huntsman Corporation Common USD0.0 447011107 11,524 725,000 0 0 725,000 01 725,000 0 0 IAC/InterActiveCorp Common USD0.01 44919P508 1,028 21,770 0 0 21,770 01 21,770 0 0 ICICI BANK LTD-SPON ADR 45104G104 480 11,000 0 0 11,000 03 11,000 0 0 ICU Medical Incorporated Common US 44930G107 9,131 150,000 0 0 150,000 01 150,000 0 0 IHS INC-CLASS A 451734107 1,930 20,100 0 0 20,100 03 20,100 0 0 IHS Inc. Common USD0.01 Class A 451734107 1,769 18,430 0 0 18,430 01 18,430 0 0 Illinois Tool Works Common USD0.01 452308109 295 4,855 0 0 4,855 01 4,855 0 0 ILLINOIS TOOL WORKS 452308109 2,694 44,300 0 0 44,300 03 44,300 0 0 ILLUMINA INC 452327109 1,140 20,500 0 0 20,500 03 20,500 0 0 INCYTE CORP 45337C102 779 46,900 0 0 46,900 03 46,900 0 0 INDIA FUND INC 454089103 10 485 0 0 485 03 485 0 0 Infinity Property & Casualty Commo 45665Q103 7,278 125,000 0 0 125,000 01 125,000 0 0 INFOSYS LTD-SP ADR 456788108 4,269 100,913 0 0 100,913 03 100,913 0 0 Ingersoll-Rand PLC Common USD1.00 G47791101 5,236 109,180 0 0 109,180 01 109,180 0 0 INGERSOLL-RAND PLC G47791101 316 6,598 0 0 6,598 03 6,598 0 0 INLAND REAL ESTATE CORP 457461200 142 16,900 0 0 16,900 03 16,900 0 0 INSULET CORP 45784P101 1,167 55,000 0 0 55,000 03 55,000 0 0 INTEGRATED DEVICE TECH INC 458118106 365 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 2,683 2,280,000 0 0 2,280,000 01 2,280,000 0 0 Intel Corp 3.25% Cv. 01-08-2039 458140AF7 11,061 9,462,000 0 0 9,462,000 02 9,462,000 0 0 Intel Corp 3.25% Cv. 01-08-2039 458140AF7 10,104 8,588,000 0 0 8,588,000 01 8,588,000 0 0 INTEL CORP 458140100 34,619 1,678,088 0 0 1,678,088 03 1,678,088 0 0 --------- 112,105

Form 13F Information Table GAM Holding AG Page 25 of 50 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 INTERCONTINENTALEXCHANGE INC 45865V100 1,065 8,600 0 0 8,600 03 8,600 0 0 Intercontinentalexchange Inc. USD0 45865V100 575 4,645 0 0 4,645 01 4,645 0 0 Internap Network Services Common U 45885A300 277 40,000 0 0 40,000 01 40,000 0 0 International Paper Co Com. USD 1. 460146103 1,172 29,405 0 0 29,405 01 29,405 0 0 INTERNATIONAL PAPER CO 460146103 2,355 59,100 0 0 59,100 03 59,100 0 0 INTERPUBLIC GROUP OF COS INC 460690100 96 8,700 0 0 8,700 03 8,700 0 0 INTL BUSINESS MACHINES CORP 459200101 52,771 275,497 0 0 275,497 03 275,497 0 0 INTL FLAVORS & FRAGRANCES 459506101 126 1,900 0 0 1,900 03 1,900 0 0 INTL GAME TECHNOLOGY 459902102 364 25,700 0 0 25,700 03 25,700 0 0 Intl. Business Machines Corp. Com 459200101 13,445 70,190 0 0 70,190 01 70,190 0 0 INTUIT INC 461202103 2,410 40,500 0 0 40,500 03 40,500 0 0 INTUITIVE SURGICAL INC 46120E602 1,888 3,850 0 0 3,850 03 3,850 0 0 InvenSense Inc. Com. 0.001 46123D205 3,163 284,851 0 0 284,851 01 284,851 0 0 INVESTORS REAL ESTATE TRUST 461730103 255 29,200 0 0 29,200 03 29,200 0 0 IPATH MSCI INDIA INDEX ETN 06739F291 871 14,651 0 0 14,651 03 14,651 0 0 IRON MOUNTAIN INC 462846106 719 23,161 0 0 23,161 03 23,161 0 0 IRSA -Sp ADR(1 rep. 10 ord.) 450047204 517 74,235 0 0 74,235 01 74,235 0 0 ISHARES FTSE CHINA 25 INDEX 464287184 2,185 53,988 0 0 53,988 03 53,988 0 0 ISHARES MSCI ACWI INDEX FUND 464288257 77 1,600 0 0 1,600 03 1,600 0 0 ISHARES MSCI AUSTRALIA INDEX 464286103 2,647 105,285 0 0 105,285 03 105,285 0 0 ISHARES MSCI BRAZIL 464286400 3,644 65,006 0 0 65,006 03 65,006 0 0 ISHARES MSCI EMERGING MKT IN 464287234 4,071 91,790 0 0 91,790 03 91,790 0 0 ISHARES MSCI HONG KONG INDEX 464286871 10,223 526,424 0 0 526,424 03 526,424 0 0 ISHARES MSCI INDONESIA INVES 46429B309 11,925 394,100 0 0 394,100 03 394,100 0 0 ISHARES MSCI MALAYSIA 464286830 13,310 879,703 0 0 879,703 03 879,703 0 0 --------- 130,153

Form 13F Information Table GAM Holding AG Page 26 of 50 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None ISHARES MSCI MEXICO INVESTAB 464286822 4,948 70,153 0 0 70,153 03 70,153 0 0 ISHARES MSCI PACIFIC EX JPN 464286665 13,214 280,310 0 0 280,310 03 280,310 0 0 ISHARES MSCI PHILIPPINES 46429B408 1,431 41,410 0 0 41,410 03 41,410 0 0 ISHARES MSCI SINGAPORE 464286673 7,860 574,148 0 0 574,148 03 574,148 0 0 ISHARES MSCI SOUTH AFRICA 464286780 9,198 128,499 0 0 128,499 03 128,499 0 0 ISHARES MSCI SOUTH KOREA IND 464286772 2,287 36,100 0 0 36,100 03 36,100 0 0 iShares MSCI South Korea Index Fun 464286772 1,260 20,000 0 0 20,000 01 20,000 0 0 ISHARES MSCI SWEDEN INDEX FD 464286756 6,190 204,955 0 0 204,955 03 204,955 0 0 ISHARES MSCI TAIWAN INDEX FD 464286731 4,894 359,310 0 0 359,310 03 359,310 0 0 ISHARES MSCI THAILAND INVSTB 464286624 7,259 88,000 0 0 88,000 03 88,000 0 0 ISHARES NASDAQ BIOTECH INDX 464287556 823 6,000 0 0 6,000 03 6,000 0 0 ISHARES S&P LATIN AMERICA 40 464287390 351 8,000 0 0 8,000 03 8,000 0 0 ITAU UNIBANCO HLDNG-PREF ADR 465562106 7,227 439,074 0 0 439,074 03 439,074 0 0 Itau Unibanco Holding Pref. ADR (1 465562106 988 60,000 0 0 60,000 01 60,000 0 0 ITC HOLDINGS CORP 465685105 546 7,100 0 0 7,100 03 7,100 0 0 ITRON INC 465741106 4,344 97,500 0 0 97,500 03 97,500 0 0 Itron Inc. Com. NPV 465741106 10,889 244,421 0 0 244,421 01 244,421 0 0 J.C. PENNEY CO INC 708160106 75 3,800 0 0 3,800 03 3,800 0 0 J.P. Morgan Chase & Co. Com. USD1. 46625H100 418 9,500 0 0 9,500 01 9,500 0 0 JABIL CIRCUIT INC 466313103 579 30,000 0 0 30,000 03 30,000 0 0 JACOBS ENGINEERING GROUP INC 469814107 3,670 86,205 0 0 86,205 03 86,205 0 0 Janus Capital Group Inc. Com. USD 47102X105 34 4,000 0 0 4,000 01 4,000 0 0 JC Penney Co Inc Com. USD 0.50 708160106 850 43,115 0 0 43,115 01 43,115 0 0 JDS UNIPHASE CORP 46612J507 2,302 170,000 0 0 170,000 03 170,000 0 0 JDS Uniphase Corp. Common USD0.001 46612J507 1,113 82,475 0 0 82,475 01 82,475 0 0 --------- 92,749

Form 13F Information Table GAM Holding AG Page 27 of 50 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 JM SMUCKER CO/THE 832696405 1,406 16,302 0 0 16,302 03 16,302 0 0 Johnson & Johnson Common USD1.00 478160104 13,412 191,310 0 0 191,310 01 191,310 0 0 JOHNSON & JOHNSON 478160104 51,426 733,615 0 0 733,615 03 733,615 0 0 JOHNSON CONTROLS INC 478366107 5,907 192,400 0 0 192,400 03 192,400 0 0 JONES LANG LASALLE INC 48020Q107 3,127 37,250 0 0 37,250 03 37,250 0 0 JOY GLOBAL INC 481165108 2,532 39,700 0 0 39,700 03 39,700 0 0 JPMORGAN CHASE & CO 46625H100 49,223 1,119,479 0 0 1,119,479 03 1,119,479 0 0 JUNIPER NETWORKS INC 48203R104 2,962 150,600 0 0 150,600 03 150,600 0 0 Kaman Corporation Common USD1.00 483548103 295 8,000 0 0 8,000 01 8,000 0 0 Kansas City Southern Com. USD0.01 485170302 284 3,400 0 0 3,400 01 3,400 0 0 KANSAS CITY SOUTHERN 485170302 200 2,400 0 0 2,400 03 2,400 0 0 KBR INC 48242W106 84 2,800 0 0 2,800 03 2,800 0 0 KELLOGG CO 487836108 860 15,400 0 0 15,400 03 15,400 0 0 KEYCORP 493267108 150 17,800 0 0 17,800 03 17,800 0 0 KEYCORP 493267108 1,127 133,907 0 0 133,907 04 133,907 0 0 KILROY REALTY CORP 49427F108 742 15,660 0 0 15,660 03 15,660 0 0 KIMBERLY-CLARK CORP 494368103 3,469 41,085 0 0 41,085 03 41,085 0 0 Kimberly-Clark Corporation Com. US 494368103 6,732 79,730 0 0 79,730 01 79,730 0 0 KIMCO REALTY CORP 49446R109 1,928 99,800 0 0 99,800 03 99,800 0 0 KINDER MORGAN INC 49456B101 350 9,900 0 0 9,900 03 9,900 0 0 Kinder Morgan Inc/Delaware Com. US 49456B101 141 4,000 0 0 4,000 01 4,000 0 0 KIOR INC - CL A 497217109 178 27,800 0 0 27,800 03 27,800 0 0 KITE REALTY GROUP TRUST 49803T102 139 24,800 0 0 24,800 03 24,800 0 0 KLA-TENCOR CORPORATION 482480100 1,590 33,300 0 0 33,300 03 33,300 0 0 KOHLS CORP 500255104 2,405 55,952 0 0 55,952 03 55,952 0 0 KOREA ELEC POWER CORP-SP ADR 500631106 4,803 343,775 0 0 343,775 03 343,775 0 0 --------- 155,471

Form 13F Information Table GAM Holding AG Page 28 of 50 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 KRAFT FOODS GROUP INC 50076Q106 5,771 126,912 0 0 126,912 03 126,912 0 0 KROGER CO 501044101 1,879 72,200 0 0 72,200 03 72,200 0 0 KT CORP-SP ADR 48268K101 6,825 407,720 0 0 407,720 03 407,720 0 0 L-3 COMMUNICATIONS HOLDINGS 502424104 7,884 102,900 0 0 102,900 03 102,900 0 0 LABORATORY CRP OF AMER HLDGS 50540R409 2,001 23,100 0 0 23,100 03 23,100 0 0 Lam Research Corp 1.25% Cv. 15-05- 512807AL2 1,035 1,041,000 0 0 1,041,000 01 1,041,000 0 0 Lam Research Corp 1.25% Cv. 15-05- 512807AL2 6,712 6,818,000 0 0 6,818,000 02 6,818,000 0 0 Lam Research Corp 1.25% Cv. 15-05- 512807AL2 6,107 6,141,000 0 0 6,141,000 01 6,141,000 0 0 LAM RESEARCH CORP 512807108 592 16,383 0 0 16,383 03 16,383 0 0 Landstar System Inc. Common USD0.0 515098101 572 10,900 0 0 10,900 01 10,900 0 0 LAS VEGAS SANDS CORP 517834107 1,517 32,872 0 0 32,872 03 32,872 0 0 Las Vegas Sands Corp. Com. USD0.00 517834107 277 6,000 0 0 6,000 01 6,000 0 0 LASALLE HOTEL PROPERTIES 517942108 493 19,400 0 0 19,400 03 19,400 0 0 LATAM AIRLINES GROUP-SP ADR 51817R106 707 30,000 0 0 30,000 03 30,000 0 0 LEGG MASON INC 524901105 332 12,900 0 0 12,900 03 12,900 0 0 LEGGETT & PLATT INC 524660107 87 3,200 0 0 3,200 03 3,200 0 0 LENNAR CORP-A 526057104 1,284 33,200 0 0 33,200 03 33,200 0 0 LEUCADIA NATIONAL CORP 527288104 98 4,100 0 0 4,100 03 4,100 0 0 LEVEL 3 COMMUNICATIONS INC 52729N308 80 3,447 0 0 3,447 03 3,447 0 0 LEXINGTON REALTY TRUST 529043101 361 34,521 0 0 34,521 03 34,521 0 0 LEXMARK INTERNATIONAL INC-A 529771107 348 15,000 0 0 15,000 03 15,000 0 0 LIBERTY GLOBAL INC-A 530555101 191 3,025 0 0 3,025 03 3,025 0 0 LIBERTY GLOBAL INC-SERIES C 530555309 118 2,000 0 0 2,000 03 2,000 0 0 Liberty Global Inc. Class A Com. U 530555101 944 15,000 0 0 15,000 01 15,000 0 0 LIBERTY INTERACTIVE CORP-A 53071M104 250 12,700 0 0 12,700 03 12,700 0 0 Liberty Interactive Corp. A Com. U 53071M104 98 5,000 0 0 5,000 01 5,000 0 0 --------- 46,561

Form 13F Information Table GAM Holding AG Page 29 of 50 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 Media Corp - Liberty-A Com 530322106 139 1,200 0 0 1,200 01 1,200 0 0 LIBERTY PROPERTY TRUST 531172104 1,127 31,500 0 0 31,500 03 31,500 0 0 Liberty Ventures Com. NPV 53071M880 148 2,187 0 0 2,187 01 2,187 0 0 LIFE TECHNOLOGIES CORP 53217V109 1,582 32,239 0 0 32,239 03 32,239 0 0 LifeLock Inc Com. USD 0.001 53224V100 528 65,000 0 0 65,000 01 65,000 0 0 LIMITED BRANDS INC 532716107 1,671 35,500 0 0 35,500 03 35,500 0 0 LINCOLN ELECTRIC HOLDINGS 533900106 784 16,100 0 0 16,100 03 16,100 0 0 LINCOLN NATIONAL CORP 534187109 738 28,500 0 0 28,500 03 28,500 0 0 LINEAR TECHNOLOGY CORP 535678106 2,319 67,600 0 0 67,600 03 67,600 0 0 LINKEDIN CORP - A 53578A108 188 1,633 0 0 1,633 03 1,633 0 0 Linkedin Corp. A Com. USD0.0001 53578A108 3,624 31,560 0 0 31,560 01 31,560 0 0 LKQ CORP 501889208 5,249 248,783 0 0 248,783 03 248,783 0 0 LOCKHEED MARTIN CORP 539830109 563 6,100 0 0 6,100 03 6,100 0 0 LOEWS CORP 540424108 265 6,500 0 0 6,500 03 6,500 0 0 LORILLARD INC 544147101 1,150 9,853 0 0 9,853 03 9,853 0 0 Louisiana-Pacific Corp. Com. USD 1 546347105 1,451 75,140 0 0 75,140 01 75,140 0 0 Lowe's Companies Inc. Common USD0. 548661107 622 17,510 0 0 17,510 01 17,510 0 0 LOWE'S COS INC 548661107 4,801 135,154 0 0 135,154 03 135,154 0 0 LSB INDUSTRIES INC 502160104 3,542 100,000 0 0 100,000 03 100,000 0 0 LSI CORP 502161102 508 71,800 0 0 71,800 03 71,800 0 0 LTC PROPERTIES INC 502175102 341 9,700 0 0 9,700 03 9,700 0 0 LULULEMON ATHLETICA INC 550021109 152 2,000 0 0 2,000 03 2,000 0 0 M & T BANK CORP 55261F104 492 5,000 0 0 5,000 03 5,000 0 0 MACERICH CO/THE 554382101 2,041 35,005 0 0 35,005 03 35,005 0 0 MACK-CALI REALTY CORP 554489104 469 17,960 0 0 17,960 03 17,960 0 0 --------- 34,494

Form 13F Information Table GAM Holding AG Page 30 of 50 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 MACY'S INC 55616P104 1,502 38,500 0 0 38,500 03 38,500 0 0 Madison Square Garden Co. A NPV 55826P100 488 11,000 0 0 11,000 01 11,000 0 0 MANPOWER INC 56418H100 72 1,700 0 0 1,700 03 1,700 0 0 MARATHON OIL CORP 565849106 3,613 117,840 0 0 117,840 03 117,840 0 0 MARATHON PETROLEUM CORP 56585A102 10,732 170,350 0 0 170,350 03 170,350 0 0 MARKET VECTORS BRAZIL SM-CAP 57060U613 10 237 0 0 237 03 237 0 0 Market Vectors Brazil Small-Cap ET 57060U613 720 17,050 0 0 17,050 01 17,050 0 0 MARKET VECTORS GOLD MINERS 57060U100 6,355 137,000 0 0 137,000 03 137,000 0 0 MARKET VECTORS INDONESIA IND 57060U753 64 2,252 0 0 2,252 03 2,252 0 0 MARKET VECTORS JR GOLD MINER 57060U589 6,534 330,000 0 0 330,000 03 330,000 0 0 MARKET VECTORS RUSSIA ETF 57060U506 5 161 0 0 161 03 161 0 0 Market Vectors Semiconductor ETF 57060U233 4,539 141,000 0 0 141,000 01 141,000 0 0 MARRIOTT INTERNATIONAL -CL A 571903202 1,709 45,862 0 0 45,862 03 45,862 0 0 MARSH & MCLENNAN COS 571748102 2,823 81,900 0 0 81,900 03 81,900 0 0 MARTIN MARIETTA MATERIALS 573284106 85 900 0 0 900 03 900 0 0 MARVELL TECHNOLOGY GROUP LTD G5876H105 77 10,600 0 0 10,600 03 10,600 0 0 MASCO CORP 574599106 148 8,900 0 0 8,900 03 8,900 0 0 MASTEC INC 576323109 1,122 45,000 0 0 45,000 03 45,000 0 0 MASTERCARD INC-CLASS A 57636Q104 10,138 20,635 0 0 20,635 03 20,635 0 0 Mastercard Inc. Class A Com. USD0. 57636Q104 5,926 12,063 0 0 12,063 01 12,063 0 0 Materion Corp. Common NPV 576690101 232 9,000 0 0 9,000 01 9,000 0 0 MATTEL INC 577081102 2,911 79,500 0 0 79,500 03 79,500 0 0 MAXIM INTEGRATED PRODUCTS 57772K101 200 6,800 0 0 6,800 03 6,800 0 0 MCCORMICK & CO-NON VTG SHRS 579780206 800 12,600 0 0 12,600 03 12,600 0 0 MCDONALD'S CORP 580135101 27,610 313,023 0 0 313,023 03 313,023 0 0 --------- 88,417

Form 13F Information Table GAM Holding AG Page 31 of 50 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None McDonald's Corporation Common USD0 580135101 13,440 152,360 0 0 152,360 01 152,360 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 13,288 243,040 0 0 243,040 01 243,040 0 0 MCKESSON CORP 58155Q103 3,567 36,784 0 0 36,784 03 36,784 0 0 MDU RESOURCES GROUP INC 552690109 66 3,115 0 0 3,115 03 3,115 0 0 MEAD JOHNSON NUTRITION CO 582839106 1,596 24,225 0 0 24,225 03 24,225 0 0 Mead Johnson Nutrition Co. Com. US 582839106 330 5,000 0 0 5,000 01 5,000 0 0 MEADWESTVACO CORP 583334107 102 3,200 0 0 3,200 03 3,200 0 0 Media General Inc. Cls. A Common U 584404107 56 13,000 0 0 13,000 01 13,000 0 0 MEDICAL PROPERTIES TRUST INC 58463J304 366 30,590 0 0 30,590 03 30,590 0 0 MEDIVATION INC 58501N101 353 6,900 0 0 6,900 03 6,900 0 0 MEDTRONIC INC 585055106 9,960 242,804 0 0 242,804 03 242,804 0 0 Medtronic Incorporated Common USD0 585055106 13,158 320,730 0 0 320,730 01 320,730 0 0 Melco Crown Entertainment ADR(1 re 585464100 270 16,000 0 0 16,000 01 16,000 0 0 Mellanox Technologies Com. ILS0.01 M51363113 3,385 57,000 0 0 57,000 01 57,000 0 0 Merck & Co. Inc. Common USD0.01 58933Y105 1,429 34,910 0 0 34,910 01 34,910 0 0 MERCK & CO. INC. 58933Y105 33,240 811,908 0 0 811,908 03 811,908 0 0 Meritor Inc. Common USD1.00 59001K100 11 2,371 0 0 2,371 01 2,371 0 0 Methanex Corporation Common NPV 59151K108 579 18,157 0 0 18,157 01 18,157 0 0 METLIFE INC 59156R108 5,542 168,243 0 0 168,243 03 168,243 0 0 METROPCS COMMUNICATIONS INC 591708102 70 7,000 0 0 7,000 03 7,000 0 0 MGM RESORTS INTERNATIONAL 552953101 80 6,900 0 0 6,900 03 6,900 0 0 MICROCHIP TECHNOLOGY INC 595017104 147 4,500 0 0 4,500 03 4,500 0 0 Micron Technology Inc Com. USD 0.1 595112103 812 128,160 0 0 128,160 01 128,160 0 0 MICRON TECHNOLOGY INC 595112103 157 24,755 0 0 24,755 03 24,755 0 0 --------- 102,299

Form 13F Information Table GAM Holding AG Page 32 of 50 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 MICROSOFT CORP 594918104 59,830 2,238,335 0 0 2,238,335 03 2,238,335 0 0 Microsoft Corporation Com. USD0.00 594918104 13,398 501,610 0 0 501,610 01 501,610 0 0 MID-AMERICA APARTMENT COMM 59522J103 602 9,300 0 0 9,300 03 9,300 0 0 Millicom Intl Cellular SA Com. USD L6388F110 685 8,000 0 0 8,000 01 8,000 0 0 MINDRAY MEDICAL INTL LTD-ADR 602675100 392 12,000 0 0 12,000 03 12,000 0 0 MOBILE TELESYSTEMS-SP ADR 607409109 3,738 200,420 0 0 200,420 03 200,420 0 0 Mobile Telesystems Spon. ADR (1 Re 607409109 378 20,300 0 0 20,300 01 20,300 0 0 Modine Manufacturing Co. Common US 607828100 765 94,005 0 0 94,005 01 94,005 0 0 MOHAWK INDUSTRIES INC 608190104 118 1,300 0 0 1,300 03 1,300 0 0 MOLEX INC 608554101 3,257 119,189 0 0 119,189 03 119,189 0 0 MOLSON COORS BREWING CO -B 60871R209 126 2,948 0 0 2,948 03 2,948 0 0 Molson Coors Brewing Co. Cv. 2.5% 60871RAA8 1,183 1,164,000 0 0 1,164,000 01 1,164,000 0 0 Molson Coors Brewing Co. Cv. 2.5% 60871RAA8 4,925 4,842,000 0 0 4,842,000 02 4,842,000 0 0 Molson Coors Brewing Co. Cv. 2.5% 60871RAA8 4,966 4,886,000 0 0 4,886,000 01 4,886,000 0 0 Molycorp Inc. Common NPV 608753109 524 55,460 0 0 55,460 01 55,460 0 0 MONDELEZ INTERNATIONAL INC-A 609207105 9,420 369,863 0 0 369,863 03 369,863 0 0 Mondelez International Inc. Com. N 609207105 13,457 528,680 0 0 528,680 01 528,680 0 0 Moneygram International Inc. Com. 60935Y208 70 5,250 0 0 5,250 01 5,250 0 0 MONSANTO CO 61166W101 10,609 112,082 0 0 112,082 03 112,082 0 0 Monsanto Company Common USD0.01 61166W101 4,729 49,960 0 0 49,960 01 49,960 0 0 MONSTER BEVERAGE CORP 611740101 707 13,368 0 0 13,368 03 13,368 0 0 MOODY'S CORP 615369105 237 4,700 0 0 4,700 03 4,700 0 0 Morgan Stanley Common USD0.01 617446448 86 4,500 0 0 4,500 01 4,500 0 0 MORGAN STANLEY INDIA INVEST 61745C105 667 36,000 0 0 36,000 03 36,000 0 0 MORGAN STANLEY 617446448 3,387 177,139 0 0 177,139 03 177,139 0 0 Mosaic Co. (The) Common NPV 61945C103 12,435 219,571 0 0 219,571 01 219,571 0 0 --------- 150,689

Form 13F Information Table GAM Holding AG Page 33 of 50 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 MOTOROLA SOLUTIONS INC 620076307 1,757 31,555 0 0 31,555 03 31,555 0 0 Mueller Industries Inc. Com. USD0. 624756102 200 4,000 0 0 4,000 01 4,000 0 0 MURPHY OIL CORP 626717102 2,424 40,712 0 0 40,712 03 40,712 0 0 MYLAN INC 628530107 1,110 40,400 0 0 40,400 03 40,400 0 0 MYR GROUP INC/DELAWARE 55405W104 632 28,400 0 0 28,400 03 28,400 0 0 NABORS INDUSTRIES LTD G6359F103 818 56,600 0 0 56,600 03 56,600 0 0 NASDAQ OMX GROUP/THE 631103108 2,714 108,500 0 0 108,500 03 108,500 0 0 NASDAQ OMX GROUP/THE 631103108 229 9,181 0 0 9,181 04 9,181 0 0 National Fuel Gas Co. Com. USD1.00 636180101 1,496 29,500 0 0 29,500 01 29,500 0 0 NATIONAL OILWELL VARCO INC 637071101 9,358 136,910 0 0 136,910 03 136,910 0 0 NATIONAL RETAIL PROPERTIES 637417106 961 30,800 0 0 30,800 03 30,800 0 0 NATL HEALTH INVESTORS INC 63633D104 396 7,000 0 0 7,000 03 7,000 0 0 NAVISTAR INTL CORP NEW NOTE 3.000% 63934EAL2 932 1,000,000 0 0 1,000,000 04 1,000,000 0 0 Navistar Intl. Corporation Com. US 63934E108 348 16,000 0 0 16,000 01 16,000 0 0 NEKTAR THERAPEUTICS 640268108 171 23,100 0 0 23,100 03 23,100 0 0 NETAPP INC 64110D104 741 22,099 0 0 22,099 03 22,099 0 0 NETEASE INC-ADR 64110W102 1,259 29,590 0 0 29,590 03 29,590 0 0 NETFLIX INC 64110L106 445 4,800 0 0 4,800 03 4,800 0 0 NeuStar Inc. Com. USD 0.001 64126X201 314 7,500 0 0 7,500 01 7,500 0 0 Nevsun Resources Ltd. NPV 64156L101 642 150,000 0 0 150,000 01 150,000 0 0 NEW YORK COMMUNITY BANCORP 649445103 109 8,300 0 0 8,300 03 8,300 0 0 NEWELL RUBBERMAID INC 651229106 127 5,700 0 0 5,700 03 5,700 0 0 NEWFIELD EXPLORATION CO 651290108 80 3,000 0 0 3,000 03 3,000 0 0 Newfield Exploration Co. Com. USD0 651290108 579 21,605 0 0 21,605 01 21,605 0 0 Newmont Mining Corp 1.25% Cv. 15-0 651639AH9 2,419 2,047,000 0 0 2,047,000 01 2,047,000 0 0 Newmont Mining Corp 1.25% Cv. 15-0 651639AH9 11,546 9,832,000 0 0 9,832,000 02 9,832,000 0 0 Newmont Mining Corp 1.25% Cv. 15-0 651639AH9 9,285 7,856,000 0 0 7,856,000 01 7,856,000 0 0 Newmont Mining Corp 1.625% Cv. 15- 651639AJ5 613 468,000 0 0 468,000 01 468,000 0 0 --------- 51,706

Form 13F Information Table GAM Holding AG Page 34 of 50 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 Newmont Mining Corp 1.625% Cv. 15- 651639AJ5 3,292 2,592,000 0 0 2,592,000 02 2,592,000 0 0 Newmont Mining Corp 1.625% Cv. 15- 651639AJ5 2,540 1,940,000 0 0 1,940,000 01 1,940,000 0 0 NEWMONT MINING CORP 651639106 15,469 333,095 0 0 333,095 03 333,095 0 0 Newmont Mining Corporation Com. US 651639106 1,556 33,500 0 0 33,500 01 33,500 0 0 NEWS CORP-B 65248E203 262 10,000 0 0 10,000 03 10,000 0 0 NEWS CORP-CL A 65248E104 9,700 379,779 0 0 379,779 03 379,779 0 0 News Corporation Inc. Cls A Com. U 65248E104 255 10,000 0 0 10,000 01 10,000 0 0 NEXTERA ENERGY INC 65339F101 7,551 109,137 0 0 109,137 03 109,137 0 0 NIKE INC -CL B 654106103 18,349 355,592 0 0 355,592 03 355,592 0 0 NIKE Incorporated Class B Common N 654106103 13,438 260,410 0 0 260,410 01 260,410 0 0 NISOURCE INC 65473P105 157 6,300 0 0 6,300 03 6,300 0 0 NOBLE ENERGY INC 655044105 712 7,000 0 0 7,000 03 7,000 0 0 Nordson Corp Com. NPV 655663102 310 4,907 0 0 4,907 01 4,907 0 0 NORDSTROM INC 655664100 3,692 69,000 0 0 69,000 03 69,000 0 0 NORFOLK SOUTHERN CORP 655844108 7,716 124,775 0 0 124,775 03 124,775 0 0 NORTEL NETWORKS CORP 656568508 0 190 0 0 190 03 190 0 0 NORTHEAST UTILITIES 664397106 257 6,586 0 0 6,586 03 6,586 0 0 NORTHERN TRUST CORP 665859104 1,500 29,900 0 0 29,900 03 29,900 0 0 Northern Trust Corp. Com. USD1.667 665859104 702 14,000 0 0 14,000 01 14,000 0 0 NORTHROP GRUMMAN CORP 666807102 354 5,236 0 0 5,236 03 5,236 0 0 NRG ENERGY INC 629377508 161 6,986 0 0 6,986 03 6,986 0 0 NUANCE COMMUNICATIONS INC NOTE 2.7 67020YAF7 1,312 1,200,000 0 0 1,200,000 04 1,200,000 0 0 NUANCE COMMUNICATIONS INC 67020Y100 326 14,600 0 0 14,600 03 14,600 0 0 NUCOR CORP 670346105 2,651 61,387 0 0 61,387 03 61,387 0 0 NVIDIA CORP 67066G104 2,230 181,450 0 0 181,450 03 181,450 0 0 NYSE EURONEXT 629491101 798 25,300 0 0 25,300 03 25,300 0 0 O'REILLY AUTOMOTIVE INC 67103H107 238 2,666 0 0 2,666 03 2,666 0 0 --------- 95,527

Form 13F Information Table GAM Holding AG Page 35 of 50 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 O'Reilly Automotive Inc. Com. USD0 67103H107 197 2,200 0 0 2,200 01 2,200 0 0 OASIS PETROLEUM INC 674215108 165 5,200 0 0 5,200 03 5,200 0 0 OCCIDENTAL PETROLEUM CORP 674599105 17,708 231,192 0 0 231,192 03 231,192 0 0 OCEANEERING INTL INC 675232102 124 2,300 0 0 2,300 03 2,300 0 0 OFFICE DEPOT INC 676220106 235 71,500 0 0 71,500 03 71,500 0 0 OGE ENERGY CORP 670837103 141 2,512 0 0 2,512 03 2,512 0 0 OI SA-ADR 670851104 53 12,326 0 0 12,326 03 12,326 0 0 OI SA-ADR 670851203 627 156,342 0 0 156,342 03 156,342 0 0 OIL STATES INTERNATIONAL INC 678026105 483 6,750 0 0 6,750 03 6,750 0 0 OMEGA HEALTHCARE INVESTORS 681936100 563 23,600 0 0 23,600 03 23,600 0 0 OMNICARE INC 681904108 90 2,500 0 0 2,500 03 2,500 0 0 Omnicom Group Inc Com. USD0.15 681919106 13,460 269,420 0 0 269,420 01 269,420 0 0 OMNICOM GROUP 681919106 1,284 25,700 0 0 25,700 03 25,700 0 0 OMNIVISION TECHNOLOGIES INC 682128103 253 18,000 0 0 18,000 03 18,000 0 0 On Semiconductor Corp. Com. USD0.0 682189105 1,014 143,750 0 0 143,750 01 143,750 0 0 ONEOK INC 682680103 214 5,000 0 0 5,000 03 5,000 0 0 ONYX PHARMACEUTICALS INC 683399109 1,148 15,200 0 0 15,200 03 15,200 0 0 OPTIMER PHARMACEUTICALS INC 68401H104 137 15,100 0 0 15,100 03 15,100 0 0 ORACLE CORP 68389X105 51,978 1,559,957 0 0 1,559,957 03 1,559,957 0 0 OWENS-ILLINOIS INC 690768403 64 3,000 0 0 3,000 03 3,000 0 0 Owens Corning Com. USD0.001 690742101 489 13,220 0 0 13,220 01 13,220 0 0 P G & E CORP 69331C108 2,379 59,220 0 0 59,220 03 59,220 0 0 PACCAR INC 693718108 467 10,325 0 0 10,325 03 10,325 0 0 PALL CORP 696429307 131 2,178 0 0 2,178 03 2,178 0 0 Palo Alto Networks Inc Com. USD 0. 697435105 2,015 37,682 0 0 37,682 01 37,682 0 0 --------- 95,420

Form 13F Information Table GAM Holding AG Page 36 of 50 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 Pandora Media Inc Com. USD 0.0001 698354107 878 95,605 0 0 95,605 01 95,605 0 0 PARKER HANNIFIN CORP 701094104 9,583 112,656 0 0 112,656 03 112,656 0 0 PARKWAY PROPERTIES INC 70159Q104 76 5,400 0 0 5,400 03 5,400 0 0 Patterson-UTI Energy Inc. Com. USD 703481101 2,373 127,360 0 0 127,360 01 127,360 0 0 PATTERSON COS INC 703395103 65 1,900 0 0 1,900 03 1,900 0 0 PAYCHEX INC 704326107 224 7,200 0 0 7,200 03 7,200 0 0 PEABODY ENERGY CORP 704549104 2,482 93,288 0 0 93,288 03 93,288 0 0 PENN REAL ESTATE INVEST TST 709102107 282 16,000 0 0 16,000 03 16,000 0 0 Penske Auto Group Inc. Common USD0 70959W103 11,282 375,000 0 0 375,000 01 375,000 0 0 PENTAIR LTD-REGISTERED H6169Q108 5,343 108,705 0 0 108,705 03 108,705 0 0 PEOPLE'S UNITED FINANCIAL 712704105 94 7,800 0 0 7,800 03 7,800 0 0 Pep Boys-Manny Moe & Jack Com. USD 713278109 49 5,000 0 0 5,000 01 5,000 0 0 PEPCO HOLDINGS INC 713291102 100 5,100 0 0 5,100 03 5,100 0 0 PEPSICO INC 713448108 30,931 452,014 0 0 452,014 03 452,014 0 0 PepsiCo Incorporated Com. USD0.017 713448108 16,660 243,460 0 0 243,460 01 243,460 0 0 PERKINELMER INC 714046109 635 20,000 0 0 20,000 03 20,000 0 0 PERRIGO CO 714290103 187 1,800 0 0 1,800 03 1,800 0 0 PETROCHINA CO LTD -ADR 71646E100 331 2,300 0 0 2,300 03 2,300 0 0 Petrochina Co. Ltd. ADR (1 Rep. 10 71646E100 214 1,490 0 0 1,490 01 1,490 0 0 PETROLEO BRASILEIRO-SPON ADR 71654V101 4,317 223,645 0 0 223,645 03 223,645 0 0 Petroleo Brasileiro ADR (1 Rep. 2 71654V101 1,544 80,000 0 0 80,000 01 80,000 0 0 PETROLEO BRASILEIRO S.A.-ADR 71654V408 4,174 214,400 0 0 214,400 03 214,400 0 0 Petroleo Brasileiro SA ADR (1 Rep. 71654V408 973 50,000 0 0 50,000 01 50,000 0 0 PETSMART INC 716768106 2,966 43,404 0 0 43,404 03 43,404 0 0 PFIZER INC 717081103 40,299 1,606,814 0 0 1,606,814 03 1,606,814 0 0 --------- 136,063

Form 13F Information Table GAM Holding AG Page 37 of 50 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Pfizer Incorporated Common USD0.05 717081103 133,253 5,313,117 0 0 5,313,117 01 5,313,117 0 0 Philip Morris International Inc Co 718172109 187 2,241 0 0 2,241 01 2,241 0 0 PHILIP MORRIS INTERNATIONAL 718172109 33,943 405,818 0 0 405,818 03 405,818 0 0 Phillips 66 Com. NPV 718546104 7,964 150,000 0 0 150,000 01 150,000 0 0 PHILLIPS 66 718546104 3,691 69,516 0 0 69,516 03 69,516 0 0 PIEDMONT OFFICE REALTY TRU-A 720190206 702 38,900 0 0 38,900 03 38,900 0 0 PIMCO Total Return ETF 72201R775 1,200 11,000 0 0 11,000 01 11,000 0 0 PINNACLE WEST CAPITAL 723484101 117 2,300 0 0 2,300 03 2,300 0 0 PIONEER NATURAL RESOURCES CO 723787107 1,629 15,287 0 0 15,287 03 15,287 0 0 Pioneer Natural Resources Com. USD 723787107 437 4,100 0 0 4,100 01 4,100 0 0 PITNEY BOWES INC 724479100 41 3,900 0 0 3,900 03 3,900 0 0 PLAINS EXPLORATION & PRODUCT 726505100 150 3,200 0 0 3,200 03 3,200 0 0 PLUM CREEK TIMBER CO 729251108 3,351 75,524 0 0 75,524 03 75,524 0 0 PMC - SIERRA INC 69344F106 260 50,000 0 0 50,000 03 50,000 0 0 PNC FINANCIAL SERVICES GROUP 693475105 3,175 54,448 0 0 54,448 03 54,448 0 0 PNC Financial Services Grp. Com. U 693475105 583 10,000 0 0 10,000 01 10,000 0 0 POLARIS INDUSTRIES INC 731068102 93 1,100 0 0 1,100 03 1,100 0 0 Polypore International Inc. Com. U 73179V103 1,626 34,960 0 0 34,960 01 34,960 0 0 POSCO-ADR 693483109 370 4,500 0 0 4,500 03 4,500 0 0 Post Holdings Inc. Com. NPV 737446104 120 3,500 0 0 3,500 01 3,500 0 0 POST PROPERTIES INC 737464107 564 11,300 0 0 11,300 03 11,300 0 0 Potash Corp of Saskatchewan Inc. C 73755L107 4,070 100,000 0 0 100,000 01 100,000 0 0 Power-One Inc.Com USD0.001 73930R102 4,721 1,150,000 0 0 1,150,000 01 1,150,000 0 0 POWER INTEGRATIONS INC 739276103 560 16,672 0 0 16,672 03 16,672 0 0 POWERSHARES DB COMMODITY IND 73935S105 1,389 50,000 0 0 50,000 03 50,000 0 0 --------- 204,198

Form 13F Information Table GAM Holding AG Page 38 of 50 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 POWERSHARES QQQ NASDAQ 100 73935A104 5,354 82,231 0 0 82,231 03 82,231 0 0 PPG INDUSTRIES INC 693506107 447 3,300 0 0 3,300 03 3,300 0 0 PPL CORPORATION 69351T106 638 22,300 0 0 22,300 03 22,300 0 0 PRAXAIR INC 74005P104 8,099 74,000 0 0 74,000 03 74,000 0 0 PRECISION CASTPARTS CORP 740189105 806 4,253 0 0 4,253 03 4,253 0 0 PRICELINE.COM INC 741503403 2,283 3,675 0 0 3,675 03 3,675 0 0 Priceline.Com Inc. Com. USD0.008 741503403 3,768 6,073 0 0 6,073 01 6,073 0 0 PRICESMART INC 741511109 1,079 14,000 0 0 14,000 03 14,000 0 0 PRINCIPAL FINANCIAL GROUP 74251V102 183 6,400 0 0 6,400 03 6,400 0 0 PROASSURANCE CORP 74267C106 1,764 41,800 0 0 41,800 03 41,800 0 0 PROCTER & GAMBLE CO/THE 742718109 35,144 517,655 0 0 517,655 03 517,655 0 0 Procter & Gamble Company Common US 742718109 13,283 195,650 0 0 195,650 01 195,650 0 0 PROGRESSIVE CORP 743315103 1,547 73,300 0 0 73,300 03 73,300 0 0 PROLOGIS INC 74340W103 5,637 154,481 0 0 154,481 03 154,481 0 0 Prologis Inc. Common USD0.01 74340W103 11,468 314,288 0 0 314,288 01 314,288 0 0 PRUDENTIAL FINANCIAL INC 744320102 7,889 147,928 0 0 147,928 03 147,928 0 0 PS BUSINESS PARKS INC/CA 69360J107 282 4,340 0 0 4,340 03 4,340 0 0 PUBLIC SERVICE ENTERPRISE GP 744573106 1,252 40,900 0 0 40,900 03 40,900 0 0 PUBLIC STORAGE 74460D109 5,509 38,002 0 0 38,002 03 38,002 0 0 PULTEGROUP INC 745867101 1,580 87,000 0 0 87,000 03 87,000 0 0 PVH CORP 693656100 154 1,384 0 0 1,384 03 1,384 0 0 PVH Corp. Common USD1.00 693656100 1,039 9,360 0 0 9,360 01 9,360 0 0 QEP RESOURCES INC 74733V100 121 4,000 0 0 4,000 03 4,000 0 0 QIHOO 360 TECHNOLOGY CO-ADR 74734M109 514 18,800 0 0 18,800 03 18,800 0 0 Qihoo 360 Technology Co ADR (1 Rep 74734M109 829 27,920 0 0 27,920 03 27,920 0 0 --------- 110,665

Form 13F Information Table GAM Holding AG Page 39 of 50 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 Qihoo 360 Technology Co ADR (1 Rep 74734M109 83 2,800 0 0 2,800 01 2,800 0 0 Qihoo 360 Technology Co ADR (1 Rep 74734M109 12,938 436,000 0 0 436,000 01 436,000 0 0 QUALCOMM INC 747525103 35,967 579,944 0 0 579,944 03 579,944 0 0 Qualcomm Inc. Com. USD0.0001 747525103 16,706 270,060 0 0 270,060 01 270,060 0 0 QUANTA SERVICES INC 74762E102 3,897 142,800 0 0 142,800 03 142,800 0 0 Quanta Services Inc. Common USD0.0 74762E102 8,186 300,000 0 0 300,000 01 300,000 0 0 QUEST DIAGNOSTICS INC 74834L100 2,722 46,720 0 0 46,720 03 46,720 0 0 QUESTCOR PHARMACEUTICALS 74835Y101 588 22,000 0 0 22,000 03 22,000 0 0 Quimica Y Minera Chil-Sp ADR (1 Re 833635105 865 15,000 0 0 15,000 01 15,000 0 0 QUIMICA Y MINERA CHIL-SP ADR 833635105 1,257 21,800 0 0 21,800 03 21,800 0 0 R.R. Donnelley & Sons Co. Comm. US 257867101 1,798 200,000 0 0 200,000 01 200,000 0 0 RACKSPACE HOSTING INC 750086100 169 2,274 0 0 2,274 03 2,274 0 0 RALCORP HOLDINGS INC 751028101 99 1,100 0 0 1,100 03 1,100 0 0 Ralcorp Holdings Inc. Common USD0. 751028101 90 1,000 0 0 1,000 01 1,000 0 0 RALPH LAUREN CORP 751212101 11,334 75,600 0 0 75,600 03 75,600 0 0 RAMCO-GERSHENSON PROPERTIES 751452202 162 12,180 0 0 12,180 03 12,180 0 0 RANDGOLD RESOURCES LTD-ADR 752344309 1,643 16,550 0 0 16,550 03 16,550 0 0 RANGE RESOURCES CORP 75281A109 2,119 33,719 0 0 33,719 03 33,719 0 0 RAYONIER INC 754907103 124 2,400 0 0 2,400 03 2,400 0 0 Rayonier Inc. Com. NPV 754907103 827 15,950 0 0 15,950 01 15,950 0 0 RAYTHEON COMPANY 755111507 420 7,296 0 0 7,296 03 7,296 0 0 REALTY INCOME CORP 756109104 1,484 36,896 0 0 36,896 03 36,896 0 0 RED HAT INC 756577102 2,510 47,400 0 0 47,400 03 47,400 0 0 REGAL-BELOIT CORP 758750103 543 7,700 0 0 7,700 03 7,700 0 0 REGENCY CENTERS CORP 758849103 1,013 21,500 0 0 21,500 03 21,500 0 0 --------- 107,541

Form 13F Information Table GAM Holding AG Page 40 of 50 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 REGENERON PHARMACEUTICALS 75886F107 1,469 8,588 0 0 8,588 03 8,588 0 0 REGIONS FINANCIAL CORP 7591EP100 198 27,855 0 0 27,855 03 27,855 0 0 REGIS CORP 758932107 728 43,040 0 0 43,040 03 43,040 0 0 REPUBLIC SERVICES INC 760759100 1,825 62,215 0 0 62,215 03 62,215 0 0 Republic Services Inc. Common USD0 760759100 323 11,000 0 0 11,000 01 11,000 0 0 RESMED INC 761152107 116 2,800 0 0 2,800 03 2,800 0 0 Retalix Limited ILS1.00 M8215W109 863 29,021 0 0 29,021 01 29,021 0 0 REYNOLDS AMERICAN INC 761713106 1,831 44,200 0 0 44,200 03 44,200 0 0 RIGEL PHARMACEUTICALS INC 766559603 66 10,219 0 0 10,219 03 10,219 0 0 RIO TINTO PLC-SPON ADR 767204100 1,157 19,920 0 0 19,920 03 19,920 0 0 Riverbed Technology Inc. Com. USD0 768573107 848 43,000 0 0 43,000 01 43,000 0 0 ROBERT HALF INTL INC 770323103 1,702 53,500 0 0 53,500 03 53,500 0 0 ROCK TENN COMPANY -CL A 772739207 91 1,300 0 0 1,300 03 1,300 0 0 Rock Tenn Company Cl. A Com. USD0. 772739207 1,307 18,690 0 0 18,690 01 18,690 0 0 ROCKWELL AUTOMATION INC 773903109 1,831 21,800 0 0 21,800 03 21,800 0 0 ROCKWELL COLLINS INC 774341101 186 3,200 0 0 3,200 03 3,200 0 0 ROPER INDUSTRIES INC 776696106 2,709 24,300 0 0 24,300 03 24,300 0 0 Rosetta Resources Inc. Common USD0 777779307 471 10,400 0 0 10,400 01 10,400 0 0 ROSS STORES INC 778296103 4,830 89,200 0 0 89,200 03 89,200 0 0 Rovi Corp. Com. USD0.001 779376102 2 107 0 0 107 01 107 0 0 Royal Bk. of Scot. Grp. 6.4% Pfd. 780097796 334 14,800 0 0 14,800 01 14,800 0 0 Royal Bk. of Scotland 7.25% Pfd. P 780097713 115 4,800 0 0 4,800 01 4,800 0 0 ROYAL GOLD INC 780287108 2,301 28,300 0 0 28,300 03 28,300 0 0 RYDER SYSTEM INC 783549108 499 10,000 0 0 10,000 03 10,000 0 0 Ryman Hospitality Properties Com. 78377T107 634 16,502 0 0 16,502 01 16,502 0 0 --------- 26,438

Form 13F Information Table GAM Holding AG Page 41 of 50 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 SAFEWAY INC 786514208 2,572 142,190 0 0 142,190 03 142,190 0 0 SAIC INC 78390X101 79 7,000 0 0 7,000 03 7,000 0 0 SALESFORCE.COM INC 79466L302 488 2,904 0 0 2,904 03 2,904 0 0 Salesforce.com Inc. Common USD0.00 79466L302 1,726 10,270 0 0 10,270 01 10,270 0 0 SANDISK CORP 80004C101 2,694 61,853 0 0 61,853 03 61,853 0 0 SanDisk Corporation Common USD0.00 80004C101 779 17,901 0 0 17,901 01 17,901 0 0 SASOL LTD-SPONSORED ADR 803866300 1,416 32,700 0 0 32,700 03 32,700 0 0 SAUL CENTERS INC 804395101 167 3,900 0 0 3,900 03 3,900 0 0 SBA COMMUNICATIONS CORP-CL A 78388J106 199 2,800 0 0 2,800 03 2,800 0 0 SCANA CORP 80589M102 114 2,500 0 0 2,500 03 2,500 0 0 SCHLUMBERGER LTD 806857108 23,331 336,708 0 0 336,708 03 336,708 0 0 SCHWAB (CHARLES) CORP 808513105 1,610 112,100 0 0 112,100 03 112,100 0 0 Scripps Networks Inter-Cl A Com. U 811065101 116 2,000 0 0 2,000 01 2,000 0 0 SCRIPPS NETWORKS INTER-CL A 811065101 110 1,900 0 0 1,900 03 1,900 0 0 Seagate Technology Common USD0.000 G7945M107 5,274 173,370 0 0 173,370 01 173,370 0 0 SEAGATE TECHNOLOGY G7945M107 799 26,200 0 0 26,200 03 26,200 0 0 SEALED AIR CORP 81211K100 89 5,100 0 0 5,100 03 5,100 0 0 SEARS HOLDINGS CORP 812350106 37 900 0 0 900 03 900 0 0 SEATTLE GENETICS INC 812578102 93 4,000 0 0 4,000 03 4,000 0 0 SEI INVESTMENTS COMPANY 784117103 89 3,800 0 0 3,800 03 3,800 0 0 SEMPRA ENERGY 816851109 4,753 67,000 0 0 67,000 03 67,000 0 0 SENIOR HOUSING PROP TRUST 81721M109 934 39,520 0 0 39,520 03 39,520 0 0 Sensient Technologies Corp. Com. U 81725T100 249 7,000 0 0 7,000 01 7,000 0 0 Sequans Communications ADR (1 Rep. 817323108 197 83,700 0 0 83,700 01 83,700 0 0 SEQUENOM INC 817337405 90 19,000 0 0 19,000 03 19,000 0 0 --------- 48,003

Form 13F Information Table GAM Holding AG Page 42 of 50 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 ServiceNow Inc Com. USD0.001 81762P102 847 28,190 0 0 28,190 01 28,190 0 0 Sherwin-Williams Co. Common USD1.0 824348106 108 700 0 0 700 01 700 0 0 SHERWIN-WILLIAMS CO/THE 824348106 1,077 7,000 0 0 7,000 03 7,000 0 0 SHIRE PLC-ADR 82481R106 636 6,900 0 0 6,900 03 6,900 0 0 SIGMA-ALDRICH 826552101 373 5,064 0 0 5,064 03 5,064 0 0 SIMON PROPERTY GROUP INC 828806109 18,831 119,116 0 0 119,116 03 119,116 0 0 SIRIUS XM RADIO INC 82967N108 222 76,771 0 0 76,771 03 76,771 0 0 SK TELECOM CO LTD-ADR 78440P108 1,867 117,952 0 0 117,952 03 117,952 0 0 SL GREEN REALTY CORP 78440X101 1,722 22,466 0 0 22,466 03 22,466 0 0 SLM CORP 78442P106 606 35,400 0 0 35,400 03 35,400 0 0 SOHU.COM INC 83408W103 1,072 22,650 0 0 22,650 03 22,650 0 0 Solera Holdings Inc Com. USD 0.01 83421A104 1,980 37,020 0 0 37,020 01 37,020 0 0 SONOCO PRODUCTS CO 835495102 595 20,000 0 0 20,000 03 20,000 0 0 SONY CORP-SPONSORED ADR 835699307 91 8,100 0 0 8,100 03 8,100 0 0 SOUTHERN CO/THE 842587107 2,955 69,017 0 0 69,017 03 69,017 0 0 SOUTHERN COPPER CORP 84265V105 2,917 77,050 0 0 77,050 03 77,050 0 0 SOUTHWEST AIRLINES CO 844741108 541 52,800 0 0 52,800 03 52,800 0 0 SOUTHWESTERN ENERGY CO 845467109 4,981 149,100 0 0 149,100 03 149,100 0 0 SOVRAN SELF STORAGE INC 84610H108 435 7,000 0 0 7,000 03 7,000 0 0 SPDR DJIA TRUST 78467X109 1,649 12,601 0 0 12,601 03 12,601 0 0 SPDR S&P 500 ETF TRUST 78462F103 5,682 40,094 0 0 40,094 03 40,094 0 0 SPDR S&P EMERGING ASIA PACIF 78463X301 622 8,031 0 0 8,031 03 8,031 0 0 SPDR S&P REGIONAL BANKING 78464A698 249 9,000 0 0 9,000 03 9,000 0 0 SPDR Trust Unit Series 1 78462F103 14,920 104,688 0 0 104,688 01 104,688 0 0 SPECTRA ENERGY CORP 847560109 407 14,850 0 0 14,850 03 14,850 0 0 --------- 65,384

Form 13F Information Table GAM Holding AG Page 43 of 50 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 SPRINT NEXTEL CORP 852061100 373 65,800 0 0 65,800 03 65,800 0 0 SPX CORP 784635104 70 1,000 0 0 1,000 03 1,000 0 0 ST JUDE MEDICAL INC 790849103 2,353 65,107 0 0 65,107 03 65,107 0 0 St. Joe Corporation Common NPV 790148100 2,620 113,550 0 0 113,550 01 113,550 0 0 STANDARD PACIFIC CORP 85375C101 103 14,000 0 0 14,000 03 14,000 0 0 STANLEY BLACK & DECKER INC 854502101 3,978 53,775 0 0 53,775 03 53,775 0 0 Stanley Black & Decker Inc. Com. U 854502101 1,727 23,350 0 0 23,350 01 23,350 0 0 STAPLES INC 855030102 9,548 837,530 0 0 837,530 03 837,530 0 0 STARBUCKS CORP 855244109 13,056 243,499 0 0 243,499 03 243,499 0 0 Starbucks Corp. Com. USD0.001 855244109 306 5,700 0 0 5,700 01 5,700 0 0 STARWOOD HOTELS & RESORTS 85590A401 1,176 20,500 0 0 20,500 03 20,500 0 0 STATE STREET CORP 857477103 2,363 50,275 0 0 50,275 03 50,275 0 0 STATE STREET CORP 857477103 473 10,027 0 0 10,027 04 10,027 0 0 State Street Corp. Common USD1.00 857477103 470 10,000 0 0 10,000 01 10,000 0 0 STERICYCLE INC 858912108 411 4,408 0 0 4,408 03 4,408 0 0 STILLWATER MNG CO NOTE 1.750%10/1 86074QAL6 3,289 2,800,000 0 0 2,800,000 04 2,800,000 0 0 STRATEGIC HOTELS & RESORTS I 86272T106 282 44,100 0 0 44,100 03 44,100 0 0 STRAYER EDUCATION INC 863236105 393 7,000 0 0 7,000 03 7,000 0 0 STRYKER CORP 863667101 5,659 103,220 0 0 103,220 03 103,220 0 0 SUN COMMUNITIES INC 866674104 267 6,700 0 0 6,700 03 6,700 0 0 SUNSTONE HOTEL INVESTORS INC 867892101 365 34,037 0 0 34,037 03 34,037 0 0 SUNTECH POWER HOLDINGS-ADR 86800C104 145 95,000 0 0 95,000 03 95,000 0 0 SUNTRUST BANKS INC 867914103 2,038 71,900 0 0 71,900 03 71,900 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 224 11,000 0 0 11,000 01 11,000 0 0 Supervalu Inc. Common USD1.00 868536103 2,535 1,028,779 0 0 1,028,779 01 1,028,779 0 0 SYMANTEC CORP 871503108 8,590 456,650 0 0 456,650 03 456,650 0 0 --------- 62,898

Form 13F Information Table GAM Holding AG Page 44 of 50 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 SYNAGEVA BIOPHARMA CORP 87159A103 93 2,000 0 0 2,000 03 2,000 0 0 Synalloy Corporation Common USD1.0 871565107 1,418 100,000 0 0 100,000 01 100,000 0 0 SYNOPSYS INC 871607107 99 3,100 0 0 3,100 03 3,100 0 0 SYNOVUS FINANCIAL CORP 87161C105 447 182,500 0 0 182,500 03 182,500 0 0 SYSCO CORP 871829107 5,158 162,915 0 0 162,915 03 162,915 0 0 T ROWE PRICE GROUP INC 74144T108 352 5,400 0 0 5,400 03 5,400 0 0 Taiwan Semi. - SP ADR (1 Rep 5 Ord 874039100 1,099 64,000 0 0 64,000 01 64,000 0 0 TAIWAN SEMICONDUCTOR-SP ADR 874039100 4,734 275,900 0 0 275,900 03 275,900 0 0 TANGER FACTORY OUTLET CENTER 875465106 681 19,900 0 0 19,900 03 19,900 0 0 TARGET CORP 87612E106 3,698 62,500 0 0 62,500 03 62,500 0 0 Target Corporation Common USD0.083 87612E106 13,141 222,110 0 0 222,110 01 222,110 0 0 TATA MOTORS LTD-SPON ADR 876568502 345 12,000 0 0 12,000 03 12,000 0 0 TAUBMAN CENTERS INC 876664103 1,134 14,400 0 0 14,400 03 14,400 0 0 TD AMERITRADE HOLDING CORP 87236Y108 81 4,800 0 0 4,800 03 4,800 0 0 Telefonica Brasil ADR (1 Rep. 1 Or 87936R106 963 40,000 0 0 40,000 01 40,000 0 0 Telephone And Data Systems USD0.01 879433829 642 29,000 0 0 29,000 01 29,000 0 0 Tenet Healthcare Corp. Com. USD 0. 88033G407 1,218 37,500 0 0 37,500 01 37,500 0 0 Tenneco Inc. Common USD0.01 880349105 12,811 364,878 0 0 364,878 01 364,878 0 0 Teradata Corp Com. USD 0.01 88076W103 6,544 105,744 0 0 105,744 01 105,744 0 0 TERADATA CORP 88076W103 2,309 37,309 0 0 37,309 03 37,309 0 0 TERADYNE INC 880770102 608 36,000 0 0 36,000 03 36,000 0 0 Tesoro Corp Com. USD0.167 881609101 668 15,170 0 0 15,170 01 15,170 0 0 TESORO CORP 881609101 440 10,000 0 0 10,000 03 10,000 0 0 TEVA PHARMACEUTICAL-SP ADR 881624209 78 2,100 0 0 2,100 03 2,100 0 0 Texas Industries Inc. Common USD1. 882491103 357 7,000 0 0 7,000 01 7,000 0 0 --------- 59,116

Form 13F Information Table GAM Holding AG Page 45 of 50 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 TEXAS INSTRUMENTS INC 882508104 10,709 346,130 0 0 346,130 03 346,130 0 0 Texas Instruments Inc. Common USD1 882508104 834 27,000 0 0 27,000 01 27,000 0 0 TEXTRON INC 883203101 139 5,600 0 0 5,600 03 5,600 0 0 The Walt Disney Company Common USD 254687106 15,707 315,470 0 0 315,470 01 315,470 0 0 THERAVANCE INC 88338T104 334 15,000 0 0 15,000 03 15,000 0 0 THERMO FISHER SCIENTIFIC INC 883556102 8,170 128,101 0 0 128,101 03 128,101 0 0 THRESHOLD PHARMACEUTICALS 885807206 107 25,400 0 0 25,400 03 25,400 0 0 TIBCO Software Inc. Common USD0.00 88632Q103 481 21,870 0 0 21,870 01 21,870 0 0 TIFFANY & CO 886547108 16,061 280,100 0 0 280,100 03 280,100 0 0 TIM PARTICIPACOES SA-ADR 88706P205 317 16,000 0 0 16,000 03 16,000 0 0 TIME WARNER CABLE 88732J207 10,388 106,886 0 0 106,886 03 106,886 0 0 TIME WARNER INC 887317303 6,487 135,624 0 0 135,624 03 135,624 0 0 Time Warner Inc. Common USD0.01 887317303 526 11,000 0 0 11,000 01 11,000 0 0 TIMKEN CO 887389104 1,196 25,000 0 0 25,000 03 25,000 0 0 TJX COMPANIES INC 872540109 4,062 95,700 0 0 95,700 03 95,700 0 0 TJX Cos Inc Com. USD 1.00 872540109 242 5,710 0 0 5,710 01 5,710 0 0 TOLL BROTHERS INC 889478103 830 25,665 0 0 25,665 03 25,665 0 0 TORCHMARK CORP 891027104 1,814 35,100 0 0 35,100 03 35,100 0 0 TOTAL SYSTEM SERVICES INC 891906109 60 2,803 0 0 2,803 03 2,803 0 0 TRACTOR SUPPLY COMPANY 892356106 132 1,493 0 0 1,493 03 1,493 0 0 TRANSDIGM GROUP INC 893641100 142 1,043 0 0 1,043 03 1,043 0 0 TRANSOCEAN LTD H8817H100 6,411 145,140 0 0 145,140 03 145,140 0 0 Transocean Ltd. Com. CHF15.00 H8817H100 3,047 68,230 0 0 68,230 01 68,230 0 0 TRAVELERS COS INC/THE 89417E109 3,458 48,155 0 0 48,155 03 48,155 0 0 TRIMBLE NAVIGATION LTD 896239100 143 2,385 0 0 2,385 03 2,385 0 0 --------- 91,798

Form 13F Information Table GAM Holding AG Page 46 of 50 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 TRIPADVISOR INC 896945201 1,049 25,000 0 0 25,000 03 25,000 0 0 TRW AUTOMOTIVE HOLDINGS CORP 87264S106 1,577 29,418 0 0 29,418 03 29,418 0 0 TUPPERWARE BRANDS CORP 899896104 1,385 21,600 0 0 21,600 03 21,600 0 0 TURKCELL ILETISIM HIZMET-ADR 900111204 1,042 64,560 0 0 64,560 03 64,560 0 0 Twin Disc Inc. NPV 901476101 35 2,000 0 0 2,000 01 2,000 0 0 TYCO INTERNATIONAL LTD H89128104 1,703 58,227 0 0 58,227 03 58,227 0 0 Tyco International Ltd. Com. CHF6. H89128104 643 22,000 0 0 22,000 01 22,000 0 0 TYSON FOODS INC-CL A 902494103 140 7,200 0 0 7,200 03 7,200 0 0 UDR INC 902653104 1,452 61,073 0 0 61,073 03 61,073 0 0 ULTA SALON COSMETICS & FRAGR 90384S303 912 9,282 0 0 9,282 03 9,282 0 0 ULTRA PETROLEUM CORP 903914109 62 3,400 0 0 3,400 03 3,400 0 0 ULTRAPAR PARTICPAC-SPON ADR 90400P101 267 12,000 0 0 12,000 03 12,000 0 0 UNDER ARMOUR INC-CLASS A 904311107 2,378 49,000 0 0 49,000 03 49,000 0 0 UNION PACIFIC CORP 907818108 13,094 104,149 0 0 104,149 03 104,149 0 0 UNITED CONTINENTAL HOLDINGS 910047109 58 2,480 0 0 2,480 03 2,480 0 0 UNITED MICROELECTRON-SP ADR 910873405 378 190,000 0 0 190,000 03 190,000 0 0 UNITED NATURAL FOODS INC 911163103 3,071 57,300 0 0 57,300 03 57,300 0 0 UNITED PARCEL SERVICE-CL B 911312106 13,351 181,086 0 0 181,086 03 181,086 0 0 United Parcel Service Com.Cls B US 911312106 1,058 14,350 0 0 14,350 01 14,350 0 0 UNITED STATES STEEL CORP 912909108 2,592 108,600 0 0 108,600 03 108,600 0 0 UNITED TECHNOLOGIES CORP 913017109 19,500 237,781 0 0 237,781 03 237,781 0 0 UNITED THERAPEUTICS CORP 91307C102 369 6,900 0 0 6,900 03 6,900 0 0 UNITEDHEALTH GROUP INC 91324P102 16,686 307,635 0 0 307,635 03 307,635 0 0 Universal Display Corp Com. USD 0. 91347P105 2,141 83,600 0 0 83,600 01 83,600 0 0 UNIVERSAL HEALTH RLTY INCOME 91359E105 187 3,700 0 0 3,700 03 3,700 0 0 --------- 85,131

Form 13F Information Table GAM Holding AG Page 47 of 50 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 UNUM GROUP 91529Y106 115 5,541 0 0 5,541 03 5,541 0 0 URBAN OUTFITTERS INC 917047102 114 2,900 0 0 2,900 03 2,900 0 0 Urban Outfitters Inc. Com. USD0.00 917047102 1,130 28,700 0 0 28,700 01 28,700 0 0 URSTADT BIDDLE - CLASS A 917286205 185 9,400 0 0 9,400 03 9,400 0 0 US BANCORP 902973304 11,923 373,287 0 0 373,287 03 373,287 0 0 US Cellular Corporation Common USD 911684108 581 16,500 0 0 16,500 01 16,500 0 0 USA Truck Incorporated Common USD0 902925106 3,364 975,000 0 0 975,000 01 975,000 0 0 UTILITIES SELECT SECTOR SPDR 81369Y886 2,272 65,000 0 0 65,000 03 65,000 0 0 VALE SA-SP ADR 91912E105 2,616 124,800 0 0 124,800 03 124,800 0 0 VALE SA-SP PREF ADR 91912E204 4,974 245,000 0 0 245,000 03 245,000 0 0 Vale SA - SP ADR (1 Reps. 1 Ord.) 91912E105 2,840 135,500 0 0 135,500 01 135,500 0 0 Valero Energy Corp Com. USD 0.01 91913Y100 969 28,390 0 0 28,390 01 28,390 0 0 VALERO ENERGY CORP 91913Y100 2,153 63,100 0 0 63,100 03 63,100 0 0 VANGUARD FTSE EMERGING MARKE 922042858 91,823 2,062,053 0 0 2,062,053 03 2,062,053 0 0 VANGUARD LARGE-CAP ETF 922908637 1,434 22,000 0 0 22,000 03 22,000 0 0 Varian Medical Systems Inc Com. US 92220P105 356 5,075 0 0 5,075 01 5,075 0 0 VARIAN MEDICAL SYSTEMS INC 92220P105 1,573 22,400 0 0 22,400 03 22,400 0 0 VENTAS INC 92276F100 5,932 91,654 0 0 91,654 03 91,654 0 0 VERIFONE SYSTEMS INC 92342Y109 64 2,152 0 0 2,152 03 2,152 0 0 VeriFone Systems Inc. Common USD0. 92342Y109 3,073 103,540 0 0 103,540 01 103,540 0 0 VERISIGN INC 92343E102 144 3,700 0 0 3,700 03 3,700 0 0 VERISK ANALYTICS INC-CLASS A 92345Y106 148 2,900 0 0 2,900 03 2,900 0 0 VERIZON COMMUNICATIONS INC 92343V104 17,582 406,331 0 0 406,331 03 406,331 0 0 VERTEX PHARMACEUTICALS INC 92532F100 1,321 31,500 0 0 31,500 03 31,500 0 0 VF CORP 918204108 3,820 25,300 0 0 25,300 03 25,300 0 0 --------- 160,504

Form 13F Information Table GAM Holding AG Page 48 of 50 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 VIACOM INC-CLASS B 92553P201 3,424 64,925 0 0 64,925 03 64,925 0 0 Viacom Inc. New Class A Com. USD0. 92553P102 757 14,000 0 0 14,000 01 14,000 0 0 Viad Corporation Common USD 1.50 92552R406 285 10,500 0 0 10,500 01 10,500 0 0 Virgin Media Inc Com. USD 0.01 92769L101 7,850 213,611 0 0 213,611 01 213,611 0 0 VIRGIN MEDIA INC 92769L101 220 6,000 0 0 6,000 03 6,000 0 0 VIROPHARMA INC 928241108 262 11,500 0 0 11,500 03 11,500 0 0 VISA INC-CLASS A SHARES 92826C839 29,532 194,826 0 0 194,826 03 194,826 0 0 Visa Inc Com. USD 0.0001 92826C839 5,916 39,030 0 0 39,030 01 39,030 0 0 Vmware Inc-Class A Common USD0.01 928563402 12,165 129,217 0 0 129,217 01 129,217 0 0 VMWARE INC-CLASS A 928563402 160 1,700 0 0 1,700 03 1,700 0 0 VORNADO REALTY TRUST 929042109 4,648 58,048 0 0 58,048 03 58,048 0 0 VULCAN MATERIALS CO 929160109 671 12,900 0 0 12,900 03 12,900 0 0 Wal-Mart Stores Inc Common USD0.10 931142103 12,996 190,470 0 0 190,470 01 190,470 0 0 WAL-MART STORES INC 931142103 29,873 437,833 0 0 437,833 03 437,833 0 0 WALGREEN CO 931422109 14,727 397,910 0 0 397,910 03 397,910 0 0 Walgreen Company Common USD0.07812 931422109 67,770 1,831,138 0 0 1,831,138 01 1,831,138 0 0 WALT DISNEY CO/THE 254687106 25,625 514,667 0 0 514,667 03 514,667 0 0 Walter Energy Inc Com. USD 0.01 93317Q105 1,044 29,110 0 0 29,110 01 29,110 0 0 WALTER ENERGY INC 93317Q105 27 760 0 0 760 03 760 0 0 WASHINGTON REIT 939653101 363 13,900 0 0 13,900 03 13,900 0 0 WASTE MANAGEMENT INC 94106L109 1,684 49,900 0 0 49,900 03 49,900 0 0 WATERS CORP 941848103 383 4,400 0 0 4,400 03 4,400 0 0 WATSON PHARMACEUTICALS INC 942683103 227 2,645 0 0 2,645 03 2,645 0 0 Watts Water Tech. Inc. A Common US 942749102 10,232 238,000 0 0 238,000 01 238,000 0 0 WEATHERFORD INTL LTD H27013103 1,522 142,575 0 0 142,575 03 142,575 0 0 --------- 232,366

Form 13F Information Table GAM Holding AG Page 49 of 50 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 Weatherford Intl. Ltd. Com. USD1.0 H27013103 560 50,000 0 0 50,000 01 50,000 0 0 Web.com Group Inc Com. USD0.001 94733A104 400 27,050 0 0 27,050 01 27,050 0 0 WEINGARTEN REALTY INVESTORS 948741103 725 27,100 0 0 27,100 03 27,100 0 0 WELLPOINT INC 94973V107 3,902 64,052 0 0 64,052 03 64,052 0 0 WELLS FARGO & CO 949746101 46,318 1,355,128 0 0 1,355,128 03 1,355,128 0 0 Wells Fargo & Co. Com. USD1.666 949746101 6,836 200,000 0 0 200,000 01 200,000 0 0 Wells Fargo & Co. Com. USD1.666 949746101 1,128 33,000 0 0 33,000 01 33,000 0 0 WESTERN DIGITAL CORP 958102105 1,245 29,300 0 0 29,300 03 29,300 0 0 WESTERN UNION CO 959802109 2,785 204,600 0 0 204,600 03 204,600 0 0 Western Union Corp. Common USD0.01 959802109 13,476 989,800 0 0 989,800 01 989,800 0 0 Westport Innovations Inc. Common N 960908309 12,449 466,081 0 0 466,081 01 466,081 0 0 WEYERHAEUSER CO 962166104 4,312 154,990 0 0 154,990 03 154,990 0 0 Weyerhaeuser Company Common USD1.2 962166104 851 30,580 0 0 30,580 01 30,580 0 0 WHIRLPOOL CORP 963320106 254 2,500 0 0 2,500 03 2,500 0 0 WHITING PETROLEUM CORP 966387102 119 2,733 0 0 2,733 03 2,733 0 0 WHOLE FOODS MARKET INC 966837106 7,020 76,859 0 0 76,859 03 76,859 0 0 WILEY (JOHN) & SONS-CLASS A 968223206 920 23,634 0 0 23,634 03 23,634 0 0 Williams Companies Inc. Common USD 969457100 2,047 62,537 0 0 62,537 01 62,537 0 0 WILLIAMS COS INC 969457100 3,552 108,500 0 0 108,500 03 108,500 0 0 WILLIS GROUP HOLDINGS PLC G96666105 137 4,082 0 0 4,082 03 4,082 0 0 WINDSTREAM CORP 97381W104 94 11,400 0 0 11,400 03 11,400 0 0 WISCONSIN ENERGY CORP 976657106 3,874 105,119 0 0 105,119 03 105,119 0 0 WPX Energy Inc. W/I NPV 98212B103 310 20,845 0 0 20,845 01 20,845 0 0 WR BERKLEY CORP 084423102 102 2,700 0 0 2,700 03 2,700 0 0 WR Berkley Corp. Common USD0.20 084423102 11,324 300,000 0 0 300,000 01 300,000 0 0 --------- 124,739

Form 13F Information Table GAM Holding AG Page 50 of 50 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 WR Berkley Corp. Common USD0.20 084423102 264 7,000 0 0 7,000 01 7,000 0 0 WUXI PHARMATECH CAYMAN-ADR 929352102 1,236 78,500 0 0 78,500 03 78,500 0 0 WW GRAINGER INC 384802104 6,476 32,000 0 0 32,000 03 32,000 0 0 WYNDHAM WORLDWIDE CORP 98310W108 1,185 22,270 0 0 22,270 03 22,270 0 0 WYNN RESORTS LTD 983134107 202 1,800 0 0 1,800 03 1,800 0 0 XCEL ENERGY INC 98389B100 545 20,400 0 0 20,400 03 20,400 0 0 XEROX CORP 984121103 678 99,400 0 0 99,400 03 99,400 0 0 XILINX INC 983919101 4,584 127,700 0 0 127,700 03 127,700 0 0 Xilinx Inc. Common USD0.01 983919101 4,920 137,200 0 0 137,200 01 137,200 0 0 Xylem Inc-W/I Com. NPV 98419M100 10,797 398,421 0 0 398,421 01 398,421 0 0 Xylem Inc-W/I Com. NPV 98419M100 433 16,000 0 0 16,000 01 16,000 0 0 XYLEM INC 98419M100 3,024 111,584 0 0 111,584 03 111,584 0 0 YAHOO! INC 984332106 6,401 321,679 0 0 321,679 03 321,679 0 0 Yahoo! Incorporated Common USD0.00 984332106 398 20,000 0 0 20,000 01 20,000 0 0 Youku Tudou Inc(1 rep 18 ord) 98742U100 3,429 188,000 0 0 188,000 01 188,000 0 0 YPF S.A.-SPONSORED ADR 984245100 325 22,350 0 0 22,350 03 22,350 0 0 YUM! BRANDS INC 988498101 3,984 60,000 0 0 60,000 03 60,000 0 0 Yum! Brands Inc. Com. NPV 988498101 1,537 23,150 0 0 23,150 01 23,150 0 0 Zillow Inc Com. 0.0001 98954A107 1,054 38,000 0 0 38,000 01 38,000 0 0 ZIMMER HOLDINGS INC 98956P102 2,930 43,950 0 0 43,950 03 43,950 0 0 ZIONS BANCORPORATION 989701107 535 25,000 0 0 25,000 03 25,000 0 0 --------- 54,940 ========= 5,213,826