0000930413-12-004367.txt : 20120807 0000930413-12-004367.hdr.sgml : 20120807 20120807171958 ACCESSION NUMBER: 0000930413-12-004367 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120807 DATE AS OF CHANGE: 20120807 EFFECTIVENESS DATE: 20120807 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: 121014319 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 c70598_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/12 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: GAM Holding AG Address: Klaustrasse 10, 8008 Zurich, Switzerland 13F File Number: 28-7714 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Scott Sullivan Title: Group General Counsel Phone: 011-44-207-7917-2279 Signature, Place, and Date of Signing: Scott Sullivan London, United Kingdom 08/06/12 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of other Included Managers: 3 Form 13F Information Table Entry Total: 1,257 Form 13F Information Table Value Total: $4,637,665 List of other Included Managers No. 13F File Number Name 01 00-00000-000 GAM International Management Limited 02 00-00000-000 GAM London Limited GB 03 00-00000-000 Swiss & Global Asset Management Ltd.

Form 13F Information Table GAM Holding AG Page 1 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None 21VIANET GROUP INC-ADR 90138A103 344 30,000 0 0 30,000 03 30,000 0 0 3D SYSTEMS CORP 88554D205 1,195 35,000 0 0 35,000 03 35,000 0 0 3M CO 88579Y101 22,587 252,085 0 0 252,085 03 252,085 0 0 3M Company Common USD0.01 88579Y101 13,479 150,440 0 0 150,440 01 150,440 0 0 3SBIO INC-ADR 88575Y105 137 10,000 0 0 10,000 03 10,000 0 0 A.F.P. Provida SA - Spons. ADR (1 00709P108 492 5,900 0 0 5,900 02 5,900 0 0 Aaron's Inc. Common USD0.50 002535300 227 8,000 0 0 8,000 01 8,000 0 0 ABBOTT LABORATORIES 002824100 23,370 362,491 0 0 362,491 03 362,491 0 0 Abercrombie & Fitch Cls. A Com. US 002896207 853 24,990 0 0 24,990 01 24,990 0 0 ABERCROMBIE & FITCH CO-CL A 002896207 754 22,100 0 0 22,100 03 22,100 0 0 ABERDEEN LATIN AMERICAN EQTY 00306K106 12 374 0 0 374 03 374 0 0 ACADIA REALTY TRUST 004239109 252 10,850 0 0 10,850 03 10,850 0 0 Accenture Plc-Cl A Com. USD0.00002 G1151C101 11,966 199,130 0 0 199,130 01 199,130 0 0 ACCENTURE PLC-CL A G1151C101 2,289 38,100 0 0 38,100 03 38,100 0 0 ACHILLION PHARMACEUTICALS 00448Q201 217 35,000 0 0 35,000 03 35,000 0 0 Acme Packet Inc. Com. USD0.001 004764106 533 28,600 0 0 28,600 01 28,600 0 0 Activision Blizzard Com. USD0.0000 00507V109 1,437 119,910 0 0 119,910 01 119,910 0 0 ACTIVISION BLIZZARD INC 00507V109 126 10,500 0 0 10,500 03 10,500 0 0 ADOBE SYSTEMS INC 00724F101 3,467 107,115 0 0 107,115 03 107,115 0 0 Adobe Systems Inc. Common USD0.000 00724F101 2,007 62,000 0 0 62,000 01 62,000 0 0 ADVANCE AUTO PARTS INC 00751Y106 109 1,600 0 0 1,600 03 1,600 0 0 ADVANCED BATTERY TECHNOLOGIE 00752H102 15 40,000 0 0 40,000 03 40,000 0 0 ADVANCED MICRO DEVICES 007903107 401 70,000 0 0 70,000 03 70,000 0 0 AES CORP 00130H105 802 62,500 0 0 62,500 03 62,500 0 0 AETNA INC 00817Y108 2,105 54,300 0 0 54,300 03 54,300 0 0 --------- 89,176

Form 13F Information Table GAM Holding AG Page 2 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None AFFILIATED MANAGERS GROUP 008252108 94 858 0 0 858 03 858 0 0 AFFYMAX INC 00826A109 515 40,000 0 0 40,000 03 40,000 0 0 AFLAC INC 001055102 4,540 106,600 0 0 106,600 03 106,600 0 0 AGCO CORP 001084102 649 14,200 0 0 14,200 03 14,200 0 0 AGCO Corporation Common USD0.01 001084102 6,869 150,210 0 0 150,210 01 150,210 0 0 AGILENT TECHNOLOGIES INC 00846U101 5,226 133,190 0 0 133,190 03 133,190 0 0 Agilent Technologies Inc. Common U 00846U101 627 15,990 0 0 15,990 01 15,990 0 0 AIG 19.01.21 CW/AIG 026874156 15 1,415 0 0 1,415 03 1,415 0 0 AIR PRODUCTS & CHEMICALS INC 009158106 2,059 25,500 0 0 25,500 03 25,500 0 0 AIRGAS INC 009363102 546 6,500 0 0 6,500 03 6,500 0 0 AKAMAI TECHNOLOGIES INC 00971T101 1,438 45,278 0 0 45,278 03 45,278 0 0 ALBEMARLE CORP 012653101 107 1,797 0 0 1,797 03 1,797 0 0 ALCOA INC 013817101 4,954 566,190 0 0 566,190 03 566,190 0 0 Alcoa Inc. Common USD1.00 013817101 45,818 5,239,947 0 0 5,239,947 01 5,239,947 0 0 Alcoa Inc. Common USD1.00 013817101 7,084 810,025 0 0 810,025 02 810,025 0 0 ALEXANDER'S INC 014752109 259 600 0 0 600 03 600 0 0 ALEXANDRIA REAL ESTATE EQUIT 015271109 1,086 14,940 0 0 14,940 03 14,940 0 0 ALEXION PHARMACEUTICALS INC 015351109 2,240 22,558 0 0 22,558 03 22,558 0 0 ALLEGHANY CORP 017175100 68 200 0 0 200 03 200 0 0 ALLEGHENY TECHNOLOGIES INC 01741R102 61 1,900 0 0 1,900 03 1,900 0 0 ALLERGAN INC 018490102 12,700 137,197 0 0 137,197 03 137,197 0 0 ALLIANCE DATA SYSTEMS CORP 018581108 149 1,100 0 0 1,100 03 1,100 0 0 Alliancebernstein Holding LP Com. 01881G106 229 18,000 0 0 18,000 01 18,000 0 0 ALLIANT ENERGY CORP 018802108 91 2,000 0 0 2,000 03 2,000 0 0 Allot Communications Ltd. Com. USD M0854Q105 683 24,500 0 0 24,500 01 24,500 0 0 --------- 98,106

Form 13F Information Table GAM Holding AG Page 3 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None ALLSTATE CORP 020002101 2,126 60,600 0 0 60,600 03 60,600 0 0 ALPHA NATURAL RESOURCES INC 02076X102 45 5,200 0 0 5,200 03 5,200 0 0 ALTERA CORP 021441100 579 17,100 0 0 17,100 03 17,100 0 0 Altria Group Inc Com. USD0.333 02209S103 598 17,300 0 0 17,300 01 17,300 0 0 ALTRIA GROUP INC 02209S103 12,261 354,875 0 0 354,875 03 354,875 0 0 AMARIN CORPORATION PLC -ADR 023111206 434 30,000 0 0 30,000 03 30,000 0 0 AMAZON.COM INC 023135106 14,567 63,794 0 0 63,794 03 63,794 0 0 Amazon.Com Inc. Com. USD0.01 023135106 1,219 5,340 0 0 5,340 01 5,340 0 0 AMC Networks Inc. A W/I Com. NPV 00164V103 356 10,000 0 0 10,000 01 10,000 0 0 AMEDISYS INC 023436108 872 70,000 0 0 70,000 03 70,000 0 0 AMEREN CORPORATION 023608102 188 5,600 0 0 5,600 03 5,600 0 0 AMERESCO INC-CL A 02361E108 658 55,141 0 0 55,141 03 55,141 0 0 Ameresco Inc. Class A Common USD0. 02361E108 232 19,455 0 0 19,455 01 19,455 0 0 AMERICA MOVIL-ADR SERIES L 02364W105 4,482 172,000 0 0 172,000 03 172,000 0 0 America Movil-ADR SL NPV(1 Rep 20 02364W105 2,085 80,000 0 0 80,000 01 80,000 0 0 AMERICAN CAMPUS COMMUNITIES 024835100 860 19,129 0 0 19,129 03 19,129 0 0 AMERICAN CAPITAL AGENCY CORP 02503X105 225 6,705 0 0 6,705 03 6,705 0 0 AMERICAN ELECTRIC POWER 025537101 1,213 30,400 0 0 30,400 03 30,400 0 0 AMERICAN EXPRESS CO 025816109 20,279 348,370 0 0 348,370 03 348,370 0 0 American Express Company Common US 025816109 1,339 23,000 0 0 23,000 01 23,000 0 0 AMERICAN INTERNATIONAL GROUP 026874784 3,234 100,776 0 0 100,776 03 100,776 0 0 AMERICAN TOWER CORP 03027X100 2,699 38,600 0 0 38,600 03 38,600 0 0 AMERICAN WATER WORKS CO INC 030420103 2,119 61,800 0 0 61,800 03 61,800 0 0 AMERIPRISE FINANCIAL INC 03076C106 5,896 112,825 0 0 112,825 03 112,825 0 0 AMERISOURCEBERGEN CORP 03073E105 1,149 29,200 0 0 29,200 03 29,200 0 0 --------- 79,714

Form 13F Information Table GAM Holding AG Page 4 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None AMETEK INC 031100100 162 3,250 0 0 3,250 03 3,250 0 0 AMETEK Incorporated Common USD0.01 031100100 135 2,700 0 0 2,700 01 2,700 0 0 AMGEN INC 031162100 15,219 208,362 0 0 208,362 03 208,362 0 0 AMPHENOL CORP-CL A 032095101 763 13,900 0 0 13,900 03 13,900 0 0 AMYLIN PHARMACEUTICALS INC 032346108 198 7,000 0 0 7,000 03 7,000 0 0 ANADARKO PETROLEUM CORP 032511107 7,277 109,925 0 0 109,925 03 109,925 0 0 Anadarko Petroleum Corp. Common US 032511107 132 2,000 0 0 2,000 01 2,000 0 0 ANALOG DEVICES INC 032654105 4,797 127,337 0 0 127,337 03 127,337 0 0 ANGIODYNAMICS INC 03475V101 240 20,000 0 0 20,000 03 20,000 0 0 Anheuser-Busch Inbev Spn ADR (1 Re 03524A108 350 4,400 0 0 4,400 02 4,400 0 0 ANNALY CAPITAL MANAGEMENT IN 035710409 1,253 74,700 0 0 74,700 03 74,700 0 0 ANSYS INC 03662Q105 352 5,576 0 0 5,576 03 5,576 0 0 APACHE CORP 037411105 9,374 106,659 0 0 106,659 03 106,659 0 0 Apache Corporation Common USD0.625 037411105 1,966 22,360 0 0 22,360 01 22,360 0 0 APARTMENT INVT & MGMT CO -A 03748R101 838 31,005 0 0 31,005 03 31,005 0 0 APOLLO GROUP INC-CL A 037604105 3,399 93,920 0 0 93,920 03 93,920 0 0 Apple Inc Com. NPV 037833100 2,262 3,874 0 0 3,874 01 3,874 0 0 APPLE INC 037833100 103,293 176,871 0 0 176,871 03 176,871 0 0 APPLIED MATERIALS INC 038222105 3,051 266,190 0 0 266,190 03 266,190 0 0 APPROACH RESOURCES INC 03834A103 140 5,500 0 0 5,500 03 5,500 0 0 APTARGROUP INC 038336103 265 5,200 0 0 5,200 03 5,200 0 0 AQUA AMERICA INC 03836W103 2,394 95,900 0 0 95,900 03 95,900 0 0 Arcelormittal 5% Cv. 15-05-2014 03938LAK0 55,27253,662,000 0 053,662,000 01 53,662,000 0 0 Arcelormittal 5% Cv. 15-05-2014 03938LAK0 9,226 8,944,000 0 0 8,944,000 02 8,944,000 0 0 Arcelormittal 5% Cv. 15-05-2014 03938LAK0 2,503 2,427,000 0 0 2,427,000 02 2,427,000 0 0 --------- 224,862

Form 13F Information Table GAM Holding AG Page 5 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None ARCH COAL INC 039380100 17 2,450 0 0 2,450 03 2,450 0 0 ARCHER-DANIELS-MIDLAND CO 039483102 2,203 74,628 0 0 74,628 03 74,628 0 0 ARIAD PHARMACEUTICALS INC 04033A100 447 26,000 0 0 26,000 03 26,000 0 0 ARROW ELECTRONICS INC 042735100 69 2,100 0 0 2,100 03 2,100 0 0 Aruba Networks Inc. Common USD0.00 043176106 1,414 94,000 0 0 94,000 01 94,000 0 0 ASHFORD HOSPITALITY TRUST 044103109 135 15,970 0 0 15,970 03 15,970 0 0 ASSOCIATED ESTATES REALTY CP 045604105 154 10,300 0 0 10,300 03 10,300 0 0 ASSURANT INC 04621X108 63 1,800 0 0 1,800 03 1,800 0 0 ASTEC INDUSTRIES INC 046224101 479 15,600 0 0 15,600 03 15,600 0 0 AT&T INC 00206R102 35,021 982,087 0 0 982,087 03 982,087 0 0 ATWOOD OCEANICS INC 050095108 1,370 36,200 0 0 36,200 03 36,200 0 0 AUTODESK INC 052769106 819 23,400 0 0 23,400 03 23,400 0 0 AUTOLIV INC 052800109 91 1,667 0 0 1,667 03 1,667 0 0 AUTOMATIC DATA PROCESSING 053015103 4,480 80,490 0 0 80,490 03 80,490 0 0 AutoNation Incorporated Common USD 05329W102 191 5,400 0 0 5,400 01 5,400 0 0 AUTOZONE INC 053332102 2,729 7,433 0 0 7,433 03 7,433 0 0 AutoZone Incorporated Common USD0. 053332102 10,281 28,000 0 0 28,000 01 28,000 0 0 AUXILIUM PHARMACEUTICALS INC 05334D107 403 15,000 0 0 15,000 03 15,000 0 0 AVALONBAY COMMUNITIES INC 053484101 3,576 25,273 0 0 25,273 03 25,273 0 0 AVEO PHARMACEUTICALS INC 053588109 91 7,500 0 0 7,500 03 7,500 0 0 AVERY DENNISON CORP 053611109 55 2,000 0 0 2,000 03 2,000 0 0 AVNET INC 053807103 86 2,800 0 0 2,800 03 2,800 0 0 AVON PRODUCTS INC 054303102 532 32,800 0 0 32,800 03 32,800 0 0 BAIDU INC - SPON ADR 056752108 1,587 13,800 0 0 13,800 03 13,800 0 0 Baidu Inc. Spon. ADR (10 Rep 1 Ord 056752108 218 1,900 0 0 1,900 02 1,900 0 0 --------- 66,510

Form 13F Information Table GAM Holding AG Page 6 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None BAKER HUGHES INC 057224107 8,780 213,632 0 0 213,632 03 213,632 0 0 BALL CORP 058498106 833 20,300 0 0 20,300 03 20,300 0 0 BANCO BRADESCO-ADR 059460303 6,081 408,931 0 0 408,931 03 408,931 0 0 BANCO DE CHILE-ADR 059520106 430 5,094 0 0 5,094 03 5,094 0 0 Banco Macro SA ADR (1 rep. 10 ord. 05961W105 389 30,000 0 0 30,000 01 30,000 0 0 BANCO SANTANDER-CHILE-ADR 05965X109 3,540 45,687 0 0 45,687 03 45,687 0 0 BANCO SANTANDER BRASIL-ADS 05967A107 1,085 140,000 0 0 140,000 03 140,000 0 0 Bancolombia SA-Spons ADR (1Rep. 4P 05968L102 618 10,000 0 0 10,000 02 10,000 0 0 BANK OF AMERICA CORP 060505104 15,028 1,837,138 0 0 1,837,138 03 1,837,138 0 0 Bank of America Corp. Common USD0. 060505104 1,065 130,263 0 0 130,263 01 130,263 0 0 BANK OF NEW YORK MELLON CORP 064058100 4,818 219,516 0 0 219,516 03 219,516 0 0 Bank of NY Mellon Corp. Com. USD0. 064058100 768 35,000 0 0 35,000 01 35,000 0 0 Barrick Gold Corporation NPV 067901108 13,264 353,046 0 0 353,046 01 353,046 0 0 Barrick Gold Corporation NPV 067901108 1,997 53,151 0 0 53,151 02 53,151 0 0 BAXTER INTERNATIONAL INC 071813109 8,233 154,910 0 0 154,910 03 154,910 0 0 Baxter International Inc. Common U 071813109 12,414 233,540 0 0 233,540 01 233,540 0 0 BB&T CORP 054937107 5,450 176,650 0 0 176,650 03 176,650 0 0 BEAM INC 073730103 3,306 52,900 0 0 52,900 03 52,900 0 0 Beam Inc. Common USD3.125 073730103 344 5,500 0 0 5,500 01 5,500 0 0 Becton Dickinson & Co. Common USD1 075887109 12,326 164,890 0 0 164,890 01 164,890 0 0 Becton Dickinson & Co. Common USD1 075887109 523 7,000 0 0 7,000 01 7,000 0 0 BECTON DICKINSON AND CO 075887109 15,941 213,260 0 0 213,260 03 213,260 0 0 BED BATH & BEYOND INC 075896100 6,214 100,550 0 0 100,550 03 100,550 0 0 BEMIS COMPANY 081437105 627 20,000 0 0 20,000 03 20,000 0 0 BERKSHIRE HATHAWAY INC-CL A 084670108 625 5 0 0 5 03 5 0 0 --------- 124,699

Form 13F Information Table GAM Holding AG Page 7 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None BERKSHIRE HATHAWAY INC-CL B 084670702 15,133 181,603 0 0 181,603 03 181,603 0 0 BEST BUY CO INC 086516101 4,705 224,460 0 0 224,460 03 224,460 0 0 BHP BILLITON LTD-SPON ADR 088606108 1,161 17,780 0 0 17,780 03 17,780 0 0 BHP BILLITON PLC-ADR 05545E209 763 13,350 0 0 13,350 03 13,350 0 0 Biglari Holdings Inc. Com. USD0.50 08986R101 193 500 0 0 500 01 500 0 0 BIOGEN IDEC INC 09062X103 4,150 28,746 0 0 28,746 03 28,746 0 0 Biogen Idec Inc. Common USD0.0005 09062X103 329 2,280 0 0 2,280 01 2,280 0 0 BIOMARIN PHARMACEUTICAL INC 09061G101 644 16,280 0 0 16,280 03 16,280 0 0 BIOMED REALTY TRUST INC 09063H107 684 36,600 0 0 36,600 03 36,600 0 0 BLACKROCK INC 09247X101 4,284 25,228 0 0 25,228 03 25,228 0 0 BMB MUNAI INC 09656A105 68 314,500 0 0 314,500 03 314,500 0 0 BMC SOFTWARE INC 055921100 1,740 40,770 0 0 40,770 03 40,770 0 0 Boeing Co. Common USD5 097023105 624 8,400 0 0 8,400 01 8,400 0 0 BOEING CO/THE 097023105 7,095 95,497 0 0 95,497 03 95,497 0 0 BORGWARNER INC 099724106 3,641 55,508 0 0 55,508 03 55,508 0 0 BorgWarner Inc. Com. USD0.01 099724106 6,289 95,882 0 0 95,882 01 95,882 0 0 BOSTON PROPERTIES INC 101121101 5,734 52,910 0 0 52,910 03 52,910 0 0 BOSTON SCIENTIFIC CORP 101137107 4,272 753,440 0 0 753,440 03 753,440 0 0 Boston Scientific Corp. Common USD 101137107 35,114 6,188,422 0 0 6,188,422 01 6,188,422 0 0 Boston Scientific Corp. Common USD 101137107 5,554 978,673 0 0 978,673 02 978,673 0 0 Boyd Gaming Corporation Common USD 103304101 86 12,000 0 0 12,000 01 12,000 0 0 BP PLC-SPONS ADR 055622104 1,019 25,137 0 0 25,137 03 25,137 0 0 BPZ RESOURCES INC 055639108 75 29,679 0 0 29,679 03 29,679 0 0 BRANDYWINE REALTY TRUST 105368203 463 37,500 0 0 37,500 03 37,500 0 0 BRE PROPERTIES INC 05564E106 860 17,200 0 0 17,200 03 17,200 0 0 --------- 104,681

Form 13F Information Table GAM Holding AG Page 8 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None BRF - BRASIL FOODS SA-ADR 10552T107 1,686 111,000 0 0 111,000 03 111,000 0 0 Brink's Co./The Com. USD1.00 109696104 394 17,000 0 0 17,000 01 17,000 0 0 BRISTOL-MYERS SQUIBB CO 110122108 10,568 293,972 0 0 293,972 03 293,972 0 0 Bristol-Myers Squibb Co. Common US 110122108 395 11,000 0 0 11,000 01 11,000 0 0 BROADCOM CORP-CL A 111320107 3,028 89,600 0 0 89,600 03 89,600 0 0 BROWN-FORMAN CORP-CLASS B 115637209 3,797 39,200 0 0 39,200 03 39,200 0 0 BUNGE LTD G16962105 3,131 49,900 0 0 49,900 03 49,900 0 0 Bunge Ltd. Common USD0.01 G16962105 2,781 44,330 0 0 44,330 01 44,330 0 0 C.H. ROBINSON WORLDWIDE INC 12541W209 1,364 23,300 0 0 23,300 03 23,300 0 0 CA INC 12673P105 1,330 49,100 0 0 49,100 03 49,100 0 0 CABLEVISION SYSTEMS-NY GRP-A 12686C109 60 4,500 0 0 4,500 03 4,500 0 0 Cablevision Systems Corp. Class A 12686C109 505 38,000 0 0 38,000 01 38,000 0 0 CABOT OIL & GAS CORP 127097103 969 24,600 0 0 24,600 03 24,600 0 0 Cabot Oil & Gas Corp. Com. USD0.10 127097103 1,107 28,080 0 0 28,080 01 28,080 0 0 CACI INTERNATIONAL INC -CL A 127190304 1,210 22,000 0 0 22,000 03 22,000 0 0 CADENCE DESIGN SYS INC 127387108 191 17,400 0 0 17,400 03 17,400 0 0 Cadence Design Systems Inc. Com. U 127387108 1,497 136,110 0 0 136,110 01 136,110 0 0 CALGON CARBON CORP 129603106 742 52,200 0 0 52,200 03 52,200 0 0 CALPINE CORP 131347304 128 7,738 0 0 7,738 03 7,738 0 0 CAMDEN PROPERTY TRUST 133131102 1,292 19,100 0 0 19,100 03 19,100 0 0 CAMERON INTERNATIONAL CORP 13342B105 444 10,400 0 0 10,400 03 10,400 0 0 CAMPBELL SOUP CO 134429109 5,045 151,130 0 0 151,130 03 151,130 0 0 Campbell Soup Company Common USD0. 134429109 13,327 399,240 0 0 399,240 01 399,240 0 0 Canterbury Park Hdgs. Corp. Com. U 13811E101 67 5,800 0 0 5,800 01 5,800 0 0 CAPITAL ONE FINANCIAL CORP 14040H105 4,500 82,335 0 0 82,335 03 82,335 0 0 --------- 59,559

Form 13F Information Table GAM Holding AG Page 9 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CAPSTONE TURBINE CORP 14067D102 551 545,156 0 0 545,156 03 545,156 0 0 CARDINAL HEALTH INC 14149Y108 2,169 51,652 0 0 51,652 03 51,652 0 0 CAREFUSION CORP 14170T101 294 11,450 0 0 11,450 03 11,450 0 0 Carefusion Corp. Common USD0.01 14170T101 7,703 300,000 0 0 300,000 01 300,000 0 0 CARMAX INC 143130102 651 25,100 0 0 25,100 03 25,100 0 0 CARNIVAL CORP 143658300 5,970 174,200 0 0 174,200 03 174,200 0 0 CATERPILLAR INC 149123101 10,764 126,773 0 0 126,773 03 126,773 0 0 CBL & ASSOCIATES PROPERTIES 124830100 597 30,534 0 0 30,534 03 30,534 0 0 CBRE GROUP INC - A 12504L109 4,049 247,485 0 0 247,485 03 247,485 0 0 CBS CORP-CLASS B NON VOTING 124857202 446 13,600 0 0 13,600 03 13,600 0 0 CEDAR REALTY TRUST INC 150602209 67 13,300 0 0 13,300 03 13,300 0 0 Celanese Corp-Series A Com. USD0.0 150870103 403 11,650 0 0 11,650 01 11,650 0 0 CELANESE CORP-SERIES A 150870103 111 3,200 0 0 3,200 03 3,200 0 0 CELGENE CORP 151020104 12,394 193,167 0 0 193,167 03 193,167 0 0 Cemex SAB - Spons. ADR Part. Cer. 151290889 390 58,000 0 0 58,000 02 58,000 0 0 CEMIG SA -SPONS ADR 204409601 1,745 94,750 0 0 94,750 03 94,750 0 0 CENTERPOINT ENERGY INC 15189T107 188 9,100 0 0 9,100 03 9,100 0 0 CENTRAIS ELETRICAS BR-SP ADR 15234Q207 141 20,000 0 0 20,000 03 20,000 0 0 CENTURYLINK INC 156700106 3,101 78,527 0 0 78,527 03 78,527 0 0 CERNER CORP 156782104 3,984 48,200 0 0 48,200 03 48,200 0 0 CF INDUSTRIES HOLDINGS INC 125269100 1,362 7,030 0 0 7,030 03 7,030 0 0 CHARTER COMMUNICATION-A 16117M305 62 871 0 0 871 03 871 0 0 CHECK POINT SOFTWARE TECH M22465104 351 7,075 0 0 7,075 03 7,075 0 0 CHESAPEAKE ENERGY CORP 165167107 757 40,700 0 0 40,700 03 40,700 0 0 Chesapeake Energy Corp. Com. USD0. 165167107 269 14,468 0 0 14,468 01 14,468 0 0 --------- 58,518

Form 13F Information Table GAM Holding AG Page 10 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CHEVRON CORP 166764100 44,773 424,392 0 0 424,392 03 424,392 0 0 CHICAGO BRIDGE & IRON CO NV 167250109 903 23,800 0 0 23,800 03 23,800 0 0 Chicago Bridge & Iron Co. NV (NY S 167250109 5,416 142,674 0 0 142,674 01 142,674 0 0 CHINA FUND INC 169373107 750 35,000 0 0 35,000 03 35,000 0 0 China Life Insurance Co. ADR (1 Re 16939P106 292 7,400 0 0 7,400 02 7,400 0 0 China Mobile HK Spon ADR (1 Rep 5 16941M109 1,017 18,600 0 0 18,600 02 18,600 0 0 CHINA PETROLEUM & CHEM-ADR 16941R108 357 4,000 0 0 4,000 03 4,000 0 0 China Petroleum & Chemical ADR (1 16941R108 624 7,000 0 0 7,000 01 7,000 0 0 CHINA UNICOM HONG KONG-ADR 16945R104 245 19,500 0 0 19,500 03 19,500 0 0 CHIPOTLE MEXICAN GRILL INC 169656105 636 1,675 0 0 1,675 03 1,675 0 0 Christopher & Banks Corp. Common U 171046105 89 75,000 0 0 75,000 01 75,000 0 0 CHUBB CORP 171232101 7,020 96,400 0 0 96,400 03 96,400 0 0 Chubb Corporation Common USD1.00 171232101 8,738 120,000 0 0 120,000 01 120,000 0 0 CHUNGHWA TELECOM LTD-ADR 17133Q502 251 8,000 0 0 8,000 03 8,000 0 0 CHURCH & DWIGHT CO INC 171340102 2,563 46,200 0 0 46,200 03 46,200 0 0 Church & Dwight Co. Inc. Common US 171340102 10,540 190,000 0 0 190,000 01 190,000 0 0 Churchill Downs Inc Com. NPV 171484108 176 3,000 0 0 3,000 01 3,000 0 0 CIA BRASILEIRA DE DIS-SP PRF 20440T201 944 23,600 0 0 23,600 03 23,600 0 0 CIA CERVECERIAS UNIDAS-ADR 204429104 4,114 65,975 0 0 65,975 03 65,975 0 0 Cia De Minas Buenavent. ADR(1 Rep 204448104 133 3,500 0 0 3,500 02 3,500 0 0 CIA DE MINAS BUENAVENTUR-ADR 204448104 3,836 101,000 0 0 101,000 03 101,000 0 0 CIA SANEAMENTO BASICO DE-ADR 20441A102 5,852 77,136 0 0 77,136 03 77,136 0 0 CIA SIDERURGICA NACL-SP ADR 20440W105 510 90,000 0 0 90,000 03 90,000 0 0 CIGNA CORP 125509109 263 5,981 0 0 5,981 03 5,981 0 0 CIMAREX ENERGY CO 171798101 105 1,900 0 0 1,900 03 1,900 0 0 --------- 100,148

Form 13F Information Table GAM Holding AG Page 11 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CINCINNATI FINANCIAL CORP 172062101 148 3,900 0 0 3,900 03 3,900 0 0 CINTAS CORP 172908105 178 4,600 0 0 4,600 03 4,600 0 0 Circor International Inc. Com. USD 17273K109 307 9,000 0 0 9,000 01 9,000 0 0 CISCO SYSTEMS INC 17275R102 30,236 1,760,989 0 0 1,760,989 03 1,760,989 0 0 Cisco Systems Inc. Common USD0.001 17275R102 11,224 653,890 0 0 653,890 01 653,890 0 0 CIT GROUP INC 125581801 168 4,717 0 0 4,717 03 4,717 0 0 CITIGROUP INC 172967424 17,765 648,112 0 0 648,112 03 648,112 0 0 Citigroup Incorporated Common USD0 172967424 5,815 212,253 0 0 212,253 01 212,253 0 0 Citigroup Incorporated Common USD0 172967424 897 32,723 0 0 32,723 02 32,723 0 0 CITRIX SYSTEMS INC 177376100 5,746 68,450 0 0 68,450 03 68,450 0 0 Clearwire Corp. Class A Com. USD0. 18538Q105 251 223,110 0 0 223,110 01 223,110 0 0 CLIFFS NATURAL RESOURCES INC 18683K101 1,489 30,200 0 0 30,200 03 30,200 0 0 CLOROX COMPANY 189054109 920 12,700 0 0 12,700 03 12,700 0 0 CME GROUP INC 12572Q105 912 3,403 0 0 3,403 03 3,403 0 0 CMS ENERGY CORP 125896100 131 5,573 0 0 5,573 03 5,573 0 0 Cninsure Inc. ADR (1 Rep. 20 Ord.) 18976M103 136 20,000 0 0 20,000 01 20,000 0 0 CNOOC Ltd. ADR (1 Rep. 100 Ord.) 126132109 646 3,210 0 0 3,210 02 3,210 0 0 COACH INC 189754104 15,132 258,753 0 0 258,753 03 258,753 0 0 Cobalt International Energy Com. U 19075F106 1,017 43,287 0 0 43,287 01 43,287 0 0 COBALT INTERNATIONAL ENERGY 19075F106 1,409 59,971 0 0 59,971 03 59,971 0 0 COCA-COLA CO/THE 191216100 30,123 385,257 0 0 385,257 03 385,257 0 0 Coca-Cola Company Common USD0.25 191216100 391 5,000 0 0 5,000 01 5,000 0 0 COCA-COLA ENTERPRISES 19122T109 1,309 46,700 0 0 46,700 03 46,700 0 0 COGNIZANT TECH SOLUTIONS-A 192446102 2,366 39,438 0 0 39,438 03 39,438 0 0 Cognizant Tech. Solutions A Com. U 192446102 439 7,320 0 0 7,320 01 7,320 0 0 --------- 129,156

Form 13F Information Table GAM Holding AG Page 12 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Cohen & Steers Inc. Com. USD0.01 19247A100 311 9,000 0 0 9,000 01 9,000 0 0 COLGATE-PALMOLIVE CO 194162103 4,651 44,676 0 0 44,676 03 44,676 0 0 Colgate-Palmolive Co. Common USD1. 194162103 14,243 136,820 0 0 136,820 01 136,820 0 0 COLONIAL PROPERTIES TRUST 195872106 449 20,260 0 0 20,260 03 20,260 0 0 COMCAST CORP-CLASS A 20030N101 13,443 420,500 0 0 420,500 03 420,500 0 0 COMCAST CORP-SPECIAL CL A 20030N200 726 23,128 0 0 23,128 03 23,128 0 0 COMERICA INC 200340107 1,849 60,200 0 0 60,200 03 60,200 0 0 COMMONWEALTH REIT 203233101 402 21,050 0 0 21,050 03 21,050 0 0 COMMVAULT SYSTEMS INC 204166102 699 14,100 0 0 14,100 03 14,100 0 0 COMPANHIA DE BEBIDAS-PRF ADR 20441W203 4,743 123,750 0 0 123,750 03 123,750 0 0 COMPUTER SCIENCES CORP 205363104 4,128 166,330 0 0 166,330 03 166,330 0 0 CONAGRA FOODS INC 205887102 236 9,100 0 0 9,100 03 9,100 0 0 CONCHO RESOURCES INC 20605P101 1,097 12,884 0 0 12,884 03 12,884 0 0 Concur Technologies Inc. Com. USD0 206708109 1,123 16,490 0 0 16,490 01 16,490 0 0 Conns Inc Common USD0.01 208242107 14,795 1,000,000 0 0 1,000,000 01 1,000,000 0 0 ConocoPhillips Common USD1.250 20825C104 5,588 100,000 0 0 100,000 01 100,000 0 0 CONOCOPHILLIPS 20825C104 18,648 333,804 0 0 333,804 03 333,804 0 0 CONSOL ENERGY INC 20854P109 2,389 79,000 0 0 79,000 03 79,000 0 0 CONSOLIDATED EDISON INC 209115104 482 7,746 0 0 7,746 03 7,746 0 0 Consolidated Tomoka Land Common US 210226106 173 6,000 0 0 6,000 01 6,000 0 0 CONSTELLATION BRANDS INC-A 21036P108 674 24,900 0 0 24,900 03 24,900 0 0 CONSUMER DISCRETIONARY SELT 81369Y407 2,977 68,000 0 0 68,000 03 68,000 0 0 CONTINENTAL RESOURCES INC/OK 212015101 434 6,517 0 0 6,517 03 6,517 0 0 COOPER INDUSTRIES PLC G24140108 239 3,500 0 0 3,500 03 3,500 0 0 Copa Holdings SA Class A Com. NPV P31076105 363 4,400 0 0 4,400 02 4,400 0 0 --------- 94,861

Form 13F Information Table GAM Holding AG Page 13 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CORNING INC 219350105 7,245 560,300 0 0 560,300 03 560,300 0 0 Corning Incorporated Common USD0.5 219350105 91 7,000 0 0 7,000 01 7,000 0 0 CORPORATE OFFICE PROPERTIES 22002T108 386 16,400 0 0 16,400 03 16,400 0 0 CORRECTIONS CORP OF AMERICA 22025Y407 707 24,000 0 0 24,000 03 24,000 0 0 COSTCO WHOLESALE CORP 22160K105 10,706 112,698 0 0 112,698 03 112,698 0 0 COUSINS PROPERTIES INC 222795106 167 21,590 0 0 21,590 03 21,590 0 0 COVANCE INC 222816100 383 8,000 0 0 8,000 03 8,000 0 0 COVENTRY HEALTH CARE INC 222862104 105 3,300 0 0 3,300 03 3,300 0 0 CR BARD INC 067383109 6,365 59,240 0 0 59,240 03 59,240 0 0 Crane Company Common USD1.00 224399105 309 8,500 0 0 8,500 01 8,500 0 0 CREDICORP LTD G2519Y108 352 2,800 0 0 2,800 03 2,800 0 0 Credicorp Ltd. Common USD5.00 G2519Y108 413 3,280 0 0 3,280 02 3,280 0 0 CREE INC 225447101 750 29,200 0 0 29,200 03 29,200 0 0 CROSSTEX ENERGY INC 22765Y104 192 13,700 0 0 13,700 03 13,700 0 0 CROWN CASTLE INTL CORP 228227104 375 6,399 0 0 6,399 03 6,399 0 0 CROWN HOLDINGS INC 228368106 286 8,300 0 0 8,300 03 8,300 0 0 CSX CORP 126408103 3,663 163,800 0 0 163,800 03 163,800 0 0 CTC Media Inc. Common USD0.01 12642X106 565 70,000 0 0 70,000 01 70,000 0 0 CTRIP.COM INTERNATIONAL-ADR 22943F100 150 8,970 0 0 8,970 03 8,970 0 0 CTS Corporation Common NPV 126501105 282 30,000 0 0 30,000 01 30,000 0 0 CUBESMART 229663109 379 32,500 0 0 32,500 03 32,500 0 0 CUBIST PHARMACEUTICALS INC 229678107 455 12,000 0 0 12,000 03 12,000 0 0 CUMMINS INC 231021106 3,634 37,500 0 0 37,500 03 37,500 0 0 Cummins Inc. Common USD2.50 231021106 6,575 67,850 0 0 67,850 01 67,850 0 0 Curtiss-Wright Corporation Common 231561101 47 1,500 0 0 1,500 01 1,500 0 0 --------- 44,581

Form 13F Information Table GAM Holding AG Page 14 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None CVS CAREMARK CORP 126650100 14,634 313,170 0 0 313,170 03 313,170 0 0 CVS Caremark Corp. Common USD0.01 126650100 1,205 25,786 0 0 25,786 01 25,786 0 0 D.R. Horton Inc 2% Cv. 15-05-2014 23331ABB4 9,096 6,114,000 0 0 6,114,000 01 6,114,000 0 0 D.R. Horton Inc 2% Cv. 15-05-2014 23331ABB4 1,358 910,000 0 0 910,000 02 910,000 0 0 D.R. Horton Inc 2% Cv. 15-05-2014 23331ABB4 561 376,000 0 0 376,000 02 376,000 0 0 D.R. Horton Inc. Com. USD0.01 23331A109 459 25,000 0 0 25,000 02 25,000 0 0 Dana Holding Corp. Common USD0.01 235825205 751 58,626 0 0 58,626 01 58,626 0 0 Dana Holding Corp. Common USD0.01 235825205 230 18,000 0 0 18,000 01 18,000 0 0 DANAHER CORP 235851102 9,602 184,367 0 0 184,367 03 184,367 0 0 Danaher Corp. Com. USD0.01 235851102 6,514 125,070 0 0 125,070 01 125,070 0 0 DARDEN RESTAURANTS INC 237194105 152 3,000 0 0 3,000 03 3,000 0 0 DAVITA INC 23918K108 2,337 23,800 0 0 23,800 03 23,800 0 0 DCT INDUSTRIAL TRUST INC 233153105 362 57,400 0 0 57,400 03 57,400 0 0 DDR CORP 23317H102 806 55,059 0 0 55,059 03 55,059 0 0 Deckers Outdoor Corp. Common USD 0 243537107 360 8,185 0 0 8,185 01 8,185 0 0 DEERE & CO 244199105 4,674 57,800 0 0 57,800 03 57,800 0 0 Deere & Company Common USD1.00 244199105 728 9,000 0 0 9,000 01 9,000 0 0 DELL INC 24702R101 2,796 223,300 0 0 223,300 03 223,300 0 0 DELTA AIR LINES INC 247361702 50 4,600 0 0 4,600 03 4,600 0 0 Demandware Com. USD0.01 24802Y105 492 20,781 0 0 20,781 01 20,781 0 0 DENBURY RESOURCES INC 247916208 860 56,937 0 0 56,937 03 56,937 0 0 DENDREON CORP 24823Q107 185 25,000 0 0 25,000 03 25,000 0 0 DENTSPLY INTERNATIONAL INC 249030107 2,344 62,000 0 0 62,000 03 62,000 0 0 DEVON ENERGY CORPORATION 25179M103 11,521 198,677 0 0 198,677 03 198,677 0 0 Diageo PLC Sponsored ADR 25243Q205 773 7,500 0 0 7,500 01 7,500 0 0 --------- 72,852

Form 13F Information Table GAM Holding AG Page 15 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None DIAMOND OFFSHORE DRILLING 25271C102 3,747 63,373 0 0 63,373 03 63,373 0 0 DIAMONDROCK HOSPITALITY CO 252784301 450 44,143 0 0 44,143 03 44,143 0 0 DICK'S SPORTING GOODS INC 253393102 124 2,583 0 0 2,583 03 2,583 0 0 Diebold Incorporated Common USD1.2 253651103 295 8,000 0 0 8,000 01 8,000 0 0 DIGITAL REALTY TRUST INC 253868103 3,590 47,824 0 0 47,824 03 47,824 0 0 Digitalglobe Inc. Com. USD0.001 25389M877 396 26,120 0 0 26,120 01 26,120 0 0 DIRECTV-CLASS A 25490A101 5,205 106,613 0 0 106,613 03 106,613 0 0 DIRECTV Class A Com. USD0.01 25490A101 537 11,000 0 0 11,000 01 11,000 0 0 DISCOVER FINANCIAL SERVICES 254709108 2,118 61,250 0 0 61,250 03 61,250 0 0 DISCOVERY COMMUNICATIONS-A 25470F104 3,434 63,600 0 0 63,600 03 63,600 0 0 DISCOVERY COMMUNICATIONS-C 25470F302 150 3,000 0 0 3,000 03 3,000 0 0 DISH NETWORK CORP-A 25470M109 140 4,900 0 0 4,900 03 4,900 0 0 DISH Network Corp. Cls. A Com. USD 25470M109 542 19,000 0 0 19,000 01 19,000 0 0 DOLBY LABORATORIES INC-CL A 25659T107 41 1,000 0 0 1,000 03 1,000 0 0 DOLLAR GENERAL CORP 256677105 258 4,747 0 0 4,747 03 4,747 0 0 DOLLAR TREE INC 256746108 667 12,402 0 0 12,402 03 12,402 0 0 DOMINION RESOURCES INC/VA 25746U109 3,430 63,515 0 0 63,515 03 63,515 0 0 DOMTAR CORP 257559203 184 2,400 0 0 2,400 03 2,400 0 0 DOUGLAS EMMETT INC 25960P109 658 28,500 0 0 28,500 03 28,500 0 0 DOVER CORP 260003108 5,897 110,000 0 0 110,000 03 110,000 0 0 DOW CHEMICAL CO/THE 260543103 5,402 171,500 0 0 171,500 03 171,500 0 0 DR HORTON INC 23331A109 1,095 59,600 0 0 59,600 03 59,600 0 0 DR PEPPER SNAPPLE GROUP INC 26138E109 1,536 35,100 0 0 35,100 03 35,100 0 0 Dr Pepper Snapple Grp. Inc. Com. U 26138E109 437 10,000 0 0 10,000 01 10,000 0 0 DTE ENERGY COMPANY 233331107 225 3,800 0 0 3,800 03 3,800 0 0 --------- 40,562

Form 13F Information Table GAM Holding AG Page 16 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Du Pont (E.I.) De Nemours USD0.30 263534109 27,801 549,870 0 0 549,870 01 549,870 0 0 Du Pont (E.I.) De Nemours USD0.30 263534109 3,639 71,967 0 0 71,967 02 71,967 0 0 DU PONT (E.I.) DE NEMOURS 263534109 6,738 133,248 0 0 133,248 03 133,248 0 0 DUKE REALTY CORP 264411505 984 67,201 0 0 67,201 03 67,201 0 0 DUN & BRADSTREET CORP 26483E100 78 1,100 0 0 1,100 03 1,100 0 0 DUPONT FABROS TECHNOLOGY 26613Q106 428 15,000 0 0 15,000 03 15,000 0 0 EASTGROUP PROPERTIES INC 277276101 261 4,900 0 0 4,900 03 4,900 0 0 EASTMAN CHEMICAL CO 277432100 247 4,900 0 0 4,900 03 4,900 0 0 Eastman Kodak Co Com. USD 2.50 277461109 96 428,915 0 0 428,915 01 428,915 0 0 Eastman Kodak Co Com. USD 2.50 277461109 17 76,111 0 0 76,111 02 76,111 0 0 EATON CORP 278058102 6,018 151,855 0 0 151,855 03 151,855 0 0 EATON VANCE CORP 278265103 62 2,300 0 0 2,300 03 2,300 0 0 EBAY INC 278642103 10,758 256,080 0 0 256,080 03 256,080 0 0 eBay Incorporated Common USD0.001 278642103 33,563 798,854 0 0 798,854 01 798,854 0 0 eBay Incorporated Common USD0.001 278642103 504 12,000 0 0 12,000 01 12,000 0 0 eBay Incorporated Common USD0.001 278642103 4,710 112,103 0 0 112,103 02 112,103 0 0 Echostar Corp. A Com. NPV 278768106 369 14,000 0 0 14,000 01 14,000 0 0 ECOLAB INC 278865100 7,439 108,548 0 0 108,548 03 108,548 0 0 ECOPETROL SA-SPONSORED ADR 279158109 279 5,000 0 0 5,000 03 5,000 0 0 Edelman Financial Group Inc. Com. 27943Q105 217 25,000 0 0 25,000 01 25,000 0 0 EDISON INTERNATIONAL 281020107 2,162 46,800 0 0 46,800 03 46,800 0 0 EDUCATION REALTY TRUST INC 28140H104 263 23,700 0 0 23,700 03 23,700 0 0 Edward Lifesciences Corporation Co 28176E108 1,715 16,600 0 0 16,600 01 16,600 0 0 Edwards Group Ltd. ADR (1 Rep. 1 O 281736108 966 121,000 0 0 121,000 01 121,000 0 0 EDWARDS LIFESCIENCES CORP 28176E108 1,064 10,300 0 0 10,300 03 10,300 0 0 --------- 110,378

Form 13F Information Table GAM Holding AG Page 17 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None ELECTRONIC ARTS INC 285512109 708 57,310 0 0 57,310 03 57,310 0 0 Electronic Arts Inc. Common USD0.0 285512109 346 28,000 0 0 28,000 01 28,000 0 0 ELI LILLY & CO 532457108 8,030 187,140 0 0 187,140 03 187,140 0 0 EMBRAER SA-ADR 29082A107 1,088 41,000 0 0 41,000 03 41,000 0 0 EMC Corp. 1.75% Cv. 01-12-2013 268648AM4 14,108 8,800,000 0 0 8,800,000 01 8,800,000 0 0 EMC Corp. 1.75% Cv. 01-12-2013 268648AM4 2,844 1,800,000 0 0 1,800,000 02 1,800,000 0 0 EMC Corp. 1.75% Cv. 01-12-2013 268648AM4 790 500,000 0 0 500,000 02 500,000 0 0 EMC Corp. Massachusetts Common USD 268648102 17,334 676,320 0 0 676,320 01 676,320 0 0 EMC CORP/MA 268648102 18,638 727,213 0 0 727,213 03 727,213 0 0 EMERSON ELECTRIC CO 291011104 13,007 279,236 0 0 279,236 03 279,236 0 0 EMPRESA NAC ELEC-CHIL-SP ADR 29244T101 816 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 105 1,400 0 0 1,400 03 1,400 0 0 Energizer Holdings Inc. Common USD 29266R108 602 8,000 0 0 8,000 01 8,000 0 0 ENERNOC INC 292764107 288 39,800 0 0 39,800 03 39,800 0 0 ENERSIS S.A. -SPONS ADR 29274F104 2,535 135,540 0 0 135,540 03 135,540 0 0 Enova Systems Inc. Ord. NPV 29355M200 67 1,060,970 0 0 1,060,970 01 1,060,970 0 0 Enova Systems Inc. Ord. NPV 29355M200 25 405,462 0 0 405,462 02 405,462 0 0 ENTERGY CORP 29364G103 2,909 42,850 0 0 42,850 03 42,850 0 0 ENTERTAINMENT PROPERTIES TR 29380T105 440 10,700 0 0 10,700 03 10,700 0 0 Envivio Inc Com. USD 0.001 29413T106 2,230 349,223 0 0 349,223 01 349,223 0 0 EOG RESOURCES INC 26875P101 2,340 25,964 0 0 25,964 03 25,964 0 0 EQT CORP 26884L109 205 3,819 0 0 3,819 03 3,819 0 0 EQUIFAX INC 294429105 191 4,100 0 0 4,100 03 4,100 0 0 EQUINIX INC 29444U502 176 1,003 0 0 1,003 03 1,003 0 0 --------- 89,885

Form 13F Information Table GAM Holding AG Page 18 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Equinix Inc. Common USD0.001 29444U502 1,372 7,810 0 0 7,810 01 7,810 0 0 EQUITY LIFESTYLE PROPERTIES 29472R108 690 10,000 0 0 10,000 03 10,000 0 0 EQUITY ONE INC 294752100 333 15,700 0 0 15,700 03 15,700 0 0 EQUITY RESIDENTIAL 29476L107 7,608 122,000 0 0 122,000 03 122,000 0 0 ESSEX PROPERTY TRUST INC 297178105 1,247 8,100 0 0 8,100 03 8,100 0 0 ESTEE LAUDER COMPANIES-CL A 518439104 10,018 185,100 0 0 185,100 03 185,100 0 0 EXCO RESOURCES INC 269279402 380 50,000 0 0 50,000 03 50,000 0 0 EXELIS INC 30162A108 2,445 248,000 0 0 248,000 03 248,000 0 0 Exelis Inc. Com. NPV 30162A108 118 12,000 0 0 12,000 01 12,000 0 0 EXELON CORP 30161N101 7,230 192,196 0 0 192,196 03 192,196 0 0 EXPEDITORS INTL WASH INC 302130109 2,383 61,500 0 0 61,500 03 61,500 0 0 Expeditors Intl. Wash Inc. Com. US 302130109 507 13,080 0 0 13,080 01 13,080 0 0 EXPRESS SCRIPTS HOLDING CO 30219G108 8,165 146,256 0 0 146,256 03 146,256 0 0 EXTRA SPACE STORAGE INC 30225T102 679 22,200 0 0 22,200 03 22,200 0 0 EXXON MOBIL CORP 30231G102 76,840 897,977 0 0 897,977 03 897,977 0 0 Exxon Mobil Corp. Com. NPV 30231G102 171 2,000 0 0 2,000 01 2,000 0 0 F5 NETWORKS INC 315616102 4,221 42,400 0 0 42,400 03 42,400 0 0 F5 Networks Inc. Common NPV 315616102 1,195 12,000 0 0 12,000 01 12,000 0 0 FACEBOOK INC-A 30303M102 454 14,595 0 0 14,595 03 14,595 0 0 FAMILY DOLLAR STORES 307000109 153 2,299 0 0 2,299 03 2,299 0 0 FASTENAL CO 311900104 919 22,800 0 0 22,800 03 22,800 0 0 Federal Mogul Corp. Com. USD0.01 313549404 440 40,000 0 0 40,000 01 40,000 0 0 FEDERAL REALTY INVS TRUST 313747206 1,655 15,900 0 0 15,900 03 15,900 0 0 FEDEX CORP 31428X106 3,426 37,400 0 0 37,400 03 37,400 0 0 FELCOR LODGING TRUST INC 31430F101 145 30,840 0 0 30,840 03 30,840 0 0 --------- 132,795

Form 13F Information Table GAM Holding AG Page 19 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None FIDELITY NATIONAL FINL-A 31620R105 84 4,367 0 0 4,367 03 4,367 0 0 FIDELITY NATIONAL INFORMATIO 31620M106 170 4,997 0 0 4,997 03 4,997 0 0 Fifth & Pacific Co Inc Com. USD 1. 316645100 981 91,474 0 0 91,474 01 91,474 0 0 FIFTH THIRD BANCORP 316773100 623 46,500 0 0 46,500 03 46,500 0 0 FINANCIAL SELECT SECTOR SPDR 81369Y605 6,112 418,000 0 0 418,000 03 418,000 0 0 FIRST INDUSTRIAL REALTY TR 32054K103 264 20,900 0 0 20,900 03 20,900 0 0 FIRST POTOMAC REALTY TRUST 33610F109 139 11,800 0 0 11,800 03 11,800 0 0 FIRST REPUBLIC BANK/CA 33616C100 59 1,763 0 0 1,763 03 1,763 0 0 FIRST SOLAR INC 336433107 75 5,000 0 0 5,000 03 5,000 0 0 First Solar Inc. Com. USD0.001 336433107 6,018 399,354 0 0 399,354 01 399,354 0 0 First Solar Inc. Com. USD0.001 336433107 787 52,209 0 0 52,209 02 52,209 0 0 FIRSTENERGY CORP 337932107 2,197 44,670 0 0 44,670 03 44,670 0 0 FISERV INC 337738108 2,896 40,100 0 0 40,100 03 40,100 0 0 Fisher Communications Inc. Com. US 337756209 403 13,500 0 0 13,500 01 13,500 0 0 FLEXTRONICS INTL LTD Y2573F102 102 16,498 0 0 16,498 03 16,498 0 0 FLIR SYSTEMS INC 302445101 78 4,000 0 0 4,000 03 4,000 0 0 FLOWSERVE CORP 34354P105 2,995 26,100 0 0 26,100 03 26,100 0 0 Flowserve Corporation Common USD1. 34354P105 344 3,000 0 0 3,000 01 3,000 0 0 FLUOR CORP 343412102 2,798 56,700 0 0 56,700 03 56,700 0 0 FMC CORP 302491303 150 2,800 0 0 2,800 03 2,800 0 0 FMC TECHNOLOGIES INC 30249U101 1,930 49,195 0 0 49,195 03 49,195 0 0 FOCUS MEDIA HOLDING-ADR 34415V109 540 23,000 0 0 23,000 03 23,000 0 0 Fomento Economico Mex ADR SAB (Rep 344419106 241 2,700 0 0 2,700 01 2,700 0 0 FORD MOTOR CO 345370860 5,043 525,900 0 0 525,900 03 525,900 0 0 FOREST CITY ENTERPRISES-CL A 345550107 485 33,200 0 0 33,200 03 33,200 0 0 --------- 35,515

Form 13F Information Table GAM Holding AG Page 20 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None FOREST LABORATORIES INC 345838106 3,330 95,175 0 0 95,175 03 95,175 0 0 Fortune Brands Home & Security Com 34964C106 178 8,000 0 0 8,000 01 8,000 0 0 FOSSIL INC 349882100 1,768 23,100 0 0 23,100 03 23,100 0 0 FRANKLIN RESOURCES INC 354613101 5,311 47,850 0 0 47,850 03 47,850 0 0 Fred's Incorporated Class A Common 356108100 10,696 700,000 0 0 700,000 01 700,000 0 0 FREEPORT-MCMORAN COPPER 35671D857 18,224 534,909 0 0 534,909 03 534,909 0 0 Freescale Semiconductor Ltd Com. G3727Q101 1,384 135,000 0 0 135,000 01 135,000 0 0 FRONTIER COMMUNICATIONS CORP 35906A108 95 24,762 0 0 24,762 03 24,762 0 0 Fusion-Io Inc. Com. USD0.0002 36112J107 773 37,000 0 0 37,000 01 37,000 0 0 GAFISA SA-ADR 362607301 110 43,247 0 0 43,247 03 43,247 0 0 GAMESTOP CORP-CLASS A 36467W109 600 32,700 0 0 32,700 03 32,700 0 0 GameStop Corp. Class A Com. USD0.0 36467W109 309 16,855 0 0 16,855 01 16,855 0 0 GANNETT CO 364730101 666 45,210 0 0 45,210 03 45,210 0 0 GAP INC/THE 364760108 510 18,645 0 0 18,645 03 18,645 0 0 GATX Corporation Common USD0.625 361448103 462 12,000 0 0 12,000 01 12,000 0 0 Gaylord Entmt. Company Class A USD 367905106 1,234 32,000 0 0 32,000 01 32,000 0 0 GENERAL DYNAMICS CORP 369550108 422 6,400 0 0 6,400 03 6,400 0 0 GENERAL ELECTRIC CO 369604103 42,680 2,047,999 0 0 2,047,999 03 2,047,999 0 0 General Electric Co. Com. USD0.06 369604103 67,144 3,221,892 0 0 3,221,892 01 3,221,892 0 0 General Electric Co. Com. USD0.06 369604103 9,442 453,074 0 0 453,074 02 453,074 0 0 GENERAL GROWTH PROPERTIES 370023103 2,713 149,978 0 0 149,978 03 149,978 0 0 GENERAL MILLS INC 370334104 2,672 69,321 0 0 69,321 03 69,321 0 0 GENERAL MOT 10.7.16 CW/GM 37045V118 63 5,722 0 0 5,722 03 5,722 0 0 GENERAL MOT 10.7.19 CW/GM 37045V126 39 5,722 0 0 5,722 03 5,722 0 0 GENERAL MOTORS CO 37045V100 455 23,094 0 0 23,094 03 23,094 0 0 --------- 171,282

Form 13F Information Table GAM Holding AG Page 21 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None General Motors Co. Com. USD0.01 37045V100 63 3,190 0 0 3,190 01 3,190 0 0 General Motors Cw16 Wts 10-07-2016 37045V118 1 131 0 0 131 01 131 0 0 General Motors Cw19 Wts. 10-07-201 37045V126 1 131 0 0 131 01 131 0 0 GENIE ENERGY LTD-B 372284208 2,237 287,900 0 0 287,900 03 287,900 0 0 Gentiva Health Services Inc. Com. 37247A102 104 15,000 0 0 15,000 01 15,000 0 0 GENUINE PARTS CO 372460105 217 3,600 0 0 3,600 03 3,600 0 0 Genuine Parts Company Common USD1. 372460105 2,109 35,000 0 0 35,000 01 35,000 0 0 GENWORTH FINANCIAL INC-CL A 37247D106 341 60,200 0 0 60,200 03 60,200 0 0 GERDAU SA -SPON ADR 373737105 1,095 125,000 0 0 125,000 03 125,000 0 0 GETTY REALTY CORP 374297109 127 6,630 0 0 6,630 03 6,630 0 0 GEVO INC 374396109 193 38,900 0 0 38,900 03 38,900 0 0 Giant Interactive Group-Spon. ADR 374511103 1,208 250,000 0 0 250,000 01 250,000 0 0 GILEAD SCIENCES INC 375558103 16,068 313,342 0 0 313,342 03 313,342 0 0 Gilead Sciences Incorporated Commo 375558103 458 8,940 0 0 8,940 01 8,940 0 0 GLIMCHER REALTY TRUST 379302102 376 36,750 0 0 36,750 03 36,750 0 0 GLOBAL X SILVER MINERS ETF 37950E853 837 45,000 0 0 45,000 03 45,000 0 0 GM 4 3/4 12/01/13 37045V209 254 7,664 0 0 7,664 03 7,664 0 0 GNC Holdings Inc.-Cls A Com USD0.0 36191G107 1,183 30,190 0 0 30,190 01 30,190 0 0 GOLD FIELDS LTD-SPONS ADR 38059T106 9,556 746,000 0 0 746,000 03 746,000 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 10,050 104,840 0 0 104,840 03 104,840 0 0 GOODRICH CORP 382388106 371 2,921 0 0 2,921 03 2,921 0 0 GOODYEAR TIRE & RUBBER CO 382550101 294 24,900 0 0 24,900 03 24,900 0 0 GOOGLE INC-CL A 38259P508 38,793 66,877 0 0 66,877 03 66,877 0 0 Google Incorporated Com. Cl A USD0 38259P508 14,386 24,800 0 0 24,800 01 24,800 0 0 --------- 100,355

Form 13F Information Table GAM Holding AG Page 22 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None GOVERNMENT PROPERTIES INCOME 38376A103 178 7,870 0 0 7,870 03 7,870 0 0 GRAN TIERRA ENERGY INC 38500T101 146 29,900 0 0 29,900 03 29,900 0 0 GREEN MOUNTAIN COFFEE ROASTE 393122106 350 16,086 0 0 16,086 03 16,086 0 0 Griffon Corporation Common USD0.25 398433102 583 68,000 0 0 68,000 01 68,000 0 0 Grupo Televisa SA-Sp ADR (1 Rep 5 40049J206 623 29,000 0 0 29,000 01 29,000 0 0 GT ADVANCED TECHNOLOGIES INC 36191U106 106 20,000 0 0 20,000 03 20,000 0 0 GUESS? INC 401617105 735 24,200 0 0 24,200 03 24,200 0 0 Guggenheim Frontier Markets 18383Q838 166 8,600 0 0 8,600 02 8,600 0 0 H&R BLOCK INC 093671105 97 6,100 0 0 6,100 03 6,100 0 0 HALLIBURTON CO 406216101 3,989 140,500 0 0 140,500 03 140,500 0 0 Halliburton Company Common USD2.50 406216101 967 34,055 0 0 34,055 01 34,055 0 0 HALOZYME THERAPEUTICS INC 40637H109 399 45,000 0 0 45,000 03 45,000 0 0 Hanesbrands Inc. Common USD0.01 410345102 1,446 52,111 0 0 52,111 01 52,111 0 0 HARLEY-DAVIDSON INC 412822108 1,482 32,400 0 0 32,400 03 32,400 0 0 HARMONY GOLD MNG-SPON ADR 413216300 4,454 473,850 0 0 473,850 03 473,850 0 0 HARRIS CORP 413875105 1,837 43,900 0 0 43,900 03 43,900 0 0 HARTFORD FINANCIAL SVCS GRP 416515104 1,653 93,740 0 0 93,740 03 93,740 0 0 HASBRO INC 418056107 88 2,600 0 0 2,600 03 2,600 0 0 HCA HOLDINGS INC 40412C101 125 4,100 0 0 4,100 03 4,100 0 0 HCP INC 40414L109 4,753 107,662 0 0 107,662 03 107,662 0 0 HDFC BANK LTD-ADR 40415F101 391 12,000 0 0 12,000 03 12,000 0 0 HDFC Bank Ltd. Spon. ADR (1 Rep. 3 40415F101 261 8,000 0 0 8,000 02 8,000 0 0 HEALTH CARE REIT INC 42217K106 4,613 79,117 0 0 79,117 03 79,117 0 0 HEALTHCARE REALTY TRUST INC 421946104 453 19,000 0 0 19,000 03 19,000 0 0 HELMERICH & PAYNE 423452101 3,674 84,506 0 0 84,506 03 84,506 0 0 --------- 33,568

Form 13F Information Table GAM Holding AG Page 23 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None HENRY SCHEIN INC 806407102 196 2,500 0 0 2,500 03 2,500 0 0 HERSHEY CO/THE 427866108 360 4,998 0 0 4,998 03 4,998 0 0 HERTZ GLOBAL HOLDINGS INC 42805T105 65 5,100 0 0 5,100 03 5,100 0 0 HESS CORP 42809H107 4,394 101,131 0 0 101,131 03 101,131 0 0 Hess Corporation Common USD1.00 42809H107 261 6,000 0 0 6,000 01 6,000 0 0 HEWLETT-PACKARD CO 428236103 8,566 425,979 0 0 425,979 03 425,979 0 0 Hewlett Packard Co. Common USD0.01 428236103 22,964 1,141,932 0 0 1,141,932 01 1,141,932 0 0 Hewlett Packard Co. Common USD0.01 428236103 3,645 181,243 0 0 181,243 02 181,243 0 0 HIGHWOODS PROPERTIES INC 431284108 565 16,800 0 0 16,800 03 16,800 0 0 HILLSHIRE BRANDS CO 432589109 778 26,840 0 0 26,840 03 26,840 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 18,799 647,811 0 0 647,811 01 647,811 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 319 11,000 0 0 11,000 01 11,000 0 0 Hillshire Brands Co. Com. USD 0.01 432589109 3,423 117,911 0 0 117,911 02 117,911 0 0 HILLSHIRE BRANDS CO/THE *do not us 803111103 1,713 92,600 0 0 92,600 03 92,600 0 0 HJ HEINZ CO 423074103 1,312 24,120 0 0 24,120 03 24,120 0 0 HJ Heinz Co. Common USD0.25 423074103 13,231 243,300 0 0 243,300 01 243,300 0 0 HOLLYFRONTIER CORP 436106108 156 4,400 0 0 4,400 03 4,400 0 0 HOLOGIC INC 436440101 476 26,412 0 0 26,412 03 26,412 0 0 Hologic Inc. 2% Step Cv. 15-12-203 436440AB7 1,583 1,500,000 0 0 1,500,000 01 1,500,000 0 0 Hologic Inc. Common USD0.01 436440101 1,962 108,770 0 0 108,770 01 108,770 0 0 HOME DEPOT INC 437076102 19,133 361,059 0 0 361,059 03 361,059 0 0 Home Depot Incorporated Common USD 437076102 7,280 137,390 0 0 137,390 01 137,390 0 0 HOME INNS & HOTELS MANAG-ADR 43713W107 544 24,000 0 0 24,000 03 24,000 0 0 HOME PROPERTIES INC 437306103 632 10,300 0 0 10,300 03 10,300 0 0 HONEYWELL INTERNATIONAL INC 438516106 5,215 93,400 0 0 93,400 03 93,400 0 0 --------- 117,572

Form 13F Information Table GAM Holding AG Page 24 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Honeywell Intl Inc Com USD1 438516106 614 11,000 0 0 11,000 01 11,000 0 0 HORMEL FOODS CORP 440452100 85 2,800 0 0 2,800 03 2,800 0 0 HOSPIRA INC 441060100 1,734 49,580 0 0 49,580 03 49,580 0 0 HOSPITALITY PROPERTIES TRUST 44106M102 639 25,810 0 0 25,810 03 25,810 0 0 HOST HOTELS & RESORTS INC 44107P104 2,902 183,434 0 0 183,434 03 183,434 0 0 Host Hotels & Resorts Inc. Common 44107P104 249 15,770 0 0 15,770 01 15,770 0 0 HUDSON CITY BANCORP INC 443683107 586 92,000 0 0 92,000 03 92,000 0 0 Human Genome Sciences Inc. Com. US 444903108 5,246 399,700 0 0 399,700 01 399,700 0 0 HUMANA INC 444859102 3,833 49,500 0 0 49,500 03 49,500 0 0 HUNT (JB) TRANSPRT SVCS INC 445658107 137 2,300 0 0 2,300 03 2,300 0 0 Hunt (JB) Transprt Svcs.Inc.Com. U 445658107 400 6,710 0 0 6,710 01 6,710 0 0 Huntsman Corporation Common USD0.0 447011107 9,385 725,000 0 0 725,000 01 725,000 0 0 IAC/InterActiveCorp Common USD0.01 44919P508 571 12,520 0 0 12,520 01 12,520 0 0 ICICI BANK LTD-SPON ADR 45104G104 412 12,700 0 0 12,700 03 12,700 0 0 ICU Medical Incorporated Common US 44930G107 8,003 150,000 0 0 150,000 01 150,000 0 0 IDENIX PHARMACEUTICALS INC 45166R204 124 12,000 0 0 12,000 03 12,000 0 0 IDEXX LABORATORIES INC 45168D104 961 10,000 0 0 10,000 03 10,000 0 0 IHS INC-CLASS A 451734107 1,896 17,600 0 0 17,600 03 17,600 0 0 IHS Inc. Common USD0.01 Class A 451734107 1,431 13,290 0 0 13,290 01 13,290 0 0 ILLINOIS TOOL WORKS 452308109 1,285 24,300 0 0 24,300 03 24,300 0 0 ILLUMINA INC 452327109 1,676 41,500 0 0 41,500 03 41,500 0 0 IMMUNOGEN INC 45253H101 133 7,900 0 0 7,900 03 7,900 0 0 INCYTE CORP 45337C102 568 25,000 0 0 25,000 03 25,000 0 0 INDIA FUND INC 454089103 29 1,443 0 0 1,443 03 1,443 0 0 Infinity Property & Casualty Commo 45665Q103 7,203 125,000 0 0 125,000 01 125,000 0 0 --------- 50,103

Form 13F Information Table GAM Holding AG Page 25 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None INFOSYS LTD-SP ADR 456788108 901 20,000 0 0 20,000 03 20,000 0 0 INGERSOLL-RAND PLC G47791101 278 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 1,069 50,000 0 0 50,000 03 50,000 0 0 INTEGRATED DEVICE TECH INC 458118106 281 50,000 0 0 50,000 03 50,000 0 0 INTEGRYS ENERGY GROUP INC 45822P105 80 1,400 0 0 1,400 03 1,400 0 0 Intel Corp 2.95% Cv. 15-12-2035 458140AD2 17,80315,698,000 0 015,698,000 01 15,698,000 0 0 Intel Corp 2.95% Cv. 15-12-2035 458140AD2 3,824 3,368,000 0 0 3,368,000 02 3,368,000 0 0 Intel Corp 2.95% Cv. 15-12-2035 458140AD2 833 734,000 0 0 734,000 02 734,000 0 0 INTEL CORP 458140100 41,827 1,569,482 0 0 1,569,482 03 1,569,482 0 0 Intel Corp. Com. USD0.001 458140100 3,421 128,410 0 0 128,410 01 128,410 0 0 INTERCONTINENTALEXCHANGE INC 45865V100 1,169 8,600 0 0 8,600 03 8,600 0 0 Intermec Incorporated Common USD0. 458786100 62 10,000 0 0 10,000 01 10,000 0 0 INTERMUNE INC 45884X103 96 8,000 0 0 8,000 03 8,000 0 0 Internap Network Services Common U 45885A300 156 24,000 0 0 24,000 01 24,000 0 0 INTERNATIONAL PAPER CO 460146103 1,709 59,100 0 0 59,100 03 59,100 0 0 INTERPUBLIC GROUP OF COS INC 460690100 94 8,700 0 0 8,700 03 8,700 0 0 INTL BUSINESS MACHINES CORP 459200101 51,696 264,319 0 0 264,319 03 264,319 0 0 INTL FLAVORS & FRAGRANCES 459506101 104 1,900 0 0 1,900 03 1,900 0 0 INTL GAME TECHNOLOGY 459902102 405 25,700 0 0 25,700 03 25,700 0 0 Intl. Business Machines Corp. Com 459200101 6,196 31,680 0 0 31,680 01 31,680 0 0 INTUIT INC 461202103 2,137 36,000 0 0 36,000 03 36,000 0 0 INTUITIVE SURGICAL INC 46120E602 7,614 13,748 0 0 13,748 03 13,748 0 0 InvenSense Inc. Com. 0.001 46123D205 2,643 234,000 0 0 234,000 01 234,000 0 0 INVESTORS REAL ESTATE TRUST 461730103 146 18,500 0 0 18,500 03 18,500 0 0 --------- 144,684

Form 13F Information Table GAM Holding AG Page 26 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None IPATH MSCI INDIA INDEX ETN 06739F291 739 14,321 0 0 14,321 03 14,321 0 0 IRON MOUNTAIN INC 462846106 132 4,000 0 0 4,000 03 4,000 0 0 ISHARES FTSE CHINA 25 INDEX 464287184 1,466 43,530 0 0 43,530 03 43,530 0 0 ISHARES IBOXX H/Y CORP BOND 464288513 456 5,000 0 0 5,000 03 5,000 0 0 Ishares Iboxx Inv Gr. Corp. Bd. 464287242 1,136 9,737 0 0 9,737 01 9,737 0 0 ISHARES MSCI ASIA EX-JAPAN 464288182 105 2,000 0 0 2,000 03 2,000 0 0 ISHARES MSCI AUSTRALIA INDEX 464286103 2,090 95,525 0 0 95,525 03 95,525 0 0 iShares MSCI Brazil Index Fund 464286400 197 3,800 0 0 3,800 02 3,800 0 0 ISHARES MSCI BRAZIL 464286400 1,990 38,423 0 0 38,423 03 38,423 0 0 iShares MSCI Emerging Markets Inde 464287234 1,471 37,500 0 0 37,500 02 37,500 0 0 ISHARES MSCI EMERGING MKT IN 464287234 10,808 275,790 0 0 275,790 03 275,790 0 0 ISHARES MSCI HONG KONG INDEX 464286871 9,051 551,909 0 0 551,909 03 551,909 0 0 ISHARES MSCI INDONESIA INVES 46429B309 11,303 394,100 0 0 394,100 03 394,100 0 0 iShares MSCI Malaysia Index Fund 464286830 446 31,300 0 0 31,300 02 31,300 0 0 ISHARES MSCI MALAYSIA 464286830 12,553 879,703 0 0 879,703 03 879,703 0 0 ISHARES MSCI MEXICO INVESTAB 464286822 517 8,418 0 0 8,418 03 8,418 0 0 iShares MSCI Mexico Investable Mar 464286822 492 8,000 0 0 8,000 02 8,000 0 0 ISHARES MSCI PACIFIC EX JPN 464286665 10,053 246,710 0 0 246,710 03 246,710 0 0 ISHARES MSCI SINGAPORE 464286673 7,074 574,148 0 0 574,148 03 574,148 0 0 ISHARES MSCI SOUTH AFRICA IN 464286780 7,055 110,400 0 0 110,400 03 110,400 0 0 ISHARES MSCI SOUTH KOREA IND 464286772 2,137 38,990 0 0 38,990 03 38,990 0 0 ISHARES MSCI SWEDEN INDEX FD 464286756 5,278 204,955 0 0 204,955 03 204,955 0 0 ISHARES MSCI TAIWAN INDEX FD 464286731 4,500 367,939 0 0 367,939 03 367,939 0 0 ISHARES MSCI THAILAND INVSTB 464286624 6,077 88,000 0 0 88,000 03 88,000 0 0 ISHARES NASDAQ BIOTECH INDX 464287556 780 6,000 0 0 6,000 03 6,000 0 0 --------- 97,905

Form 13F Information Table GAM Holding AG Page 27 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None IShares S&P 500 Index Fund 464287200 614 4,512 0 0 4,512 01 4,512 0 0 IShares S&P 500 Index Fund 464287200 1,324 9,735 0 0 9,735 01 9,735 0 0 ISHARES S&P LATIN AMERICA 40 464287390 166 4,000 0 0 4,000 03 4,000 0 0 ISIS PHARMACEUTICALS INC 464330109 240 20,000 0 0 20,000 03 20,000 0 0 ITAU UNIBANCO HLDNG-PREF ADR 465562106 7,100 510,074 0 0 510,074 03 510,074 0 0 Itau Unibanco Holding Pref. ADR (1 465562106 557 40,000 0 0 40,000 01 40,000 0 0 ITC HOLDINGS CORP 465685105 434 6,300 0 0 6,300 03 6,300 0 0 ITRON INC 465741106 4,021 97,500 0 0 97,500 03 97,500 0 0 ITT Corp-W/I Com. NPV 450911201 123 7,000 0 0 7,000 01 7,000 0 0 J.C. PENNEY CO INC 708160106 89 3,800 0 0 3,800 03 3,800 0 0 J.P. Morgan Chase & Co. Com. USD1. 46625H100 576 16,120 0 0 16,120 01 16,120 0 0 J.P. Morgan Chase & Co. Com. USD1. 46625H100 339 9,500 0 0 9,500 01 9,500 0 0 JABIL CIRCUIT INC 466313103 610 30,000 0 0 30,000 03 30,000 0 0 Jabil Circuit Inc. Com. USD0.001 466313103 534 26,250 0 0 26,250 01 26,250 0 0 JACOBS ENGINEERING GROUP INC 469814107 2,885 76,205 0 0 76,205 03 76,205 0 0 Janus Capital Group Inc. Com. USD 47102X105 157 20,000 0 0 20,000 01 20,000 0 0 JDS UNIPHASE CORP 46612J507 1,870 170,000 0 0 170,000 03 170,000 0 0 JDS Uniphase Corp. Common USD0.001 46612J507 724 65,873 0 0 65,873 01 65,873 0 0 JM SMUCKER CO/THE 832696405 174 2,302 0 0 2,302 03 2,302 0 0 Johnson & Johnson Common USD1.00 478160104 14,083 208,450 0 0 208,450 01 208,450 0 0 JOHNSON & JOHNSON 478160104 48,423 716,744 0 0 716,744 03 716,744 0 0 JOHNSON CONTROLS INC 478366107 6,781 244,700 0 0 244,700 03 244,700 0 0 Johnson Controls Inc. Common USD0. 478366107 6,377 230,142 0 0 230,142 01 230,142 0 0 JONES LANG LASALLE INC 48020Q107 2,621 37,250 0 0 37,250 03 37,250 0 0 JOY GLOBAL INC 481165108 1,639 28,900 0 0 28,900 03 28,900 0 0 --------- 102,461

Form 13F Information Table GAM Holding AG Page 28 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None JPMORGAN CHASE & CO 46625H100 32,981 923,056 0 0 923,056 03 923,056 0 0 JUNIPER NETWORKS INC 48203R104 3,538 216,924 0 0 216,924 03 216,924 0 0 Kaman Corporation Common USD1.00 483548103 278 9,000 0 0 9,000 01 9,000 0 0 KANSAS CITY SOUTHERN 485170302 139 2,000 0 0 2,000 03 2,000 0 0 KB HOME 48666K109 196 20,000 0 0 20,000 03 20,000 0 0 KBR INC 48242W106 69 2,800 0 0 2,800 03 2,800 0 0 KELLOGG CO 487836108 760 15,400 0 0 15,400 03 15,400 0 0 Kellogg Company Common USD0.25 487836108 11,731 237,830 0 0 237,830 01 237,830 0 0 KEYCORP 493267108 138 17,800 0 0 17,800 03 17,800 0 0 KILROY REALTY CORP 49427F108 758 15,660 0 0 15,660 03 15,660 0 0 KIMBERLY-CLARK CORP 494368103 3,286 39,226 0 0 39,226 03 39,226 0 0 Kimberly-Clark Corporation Com. US 494368103 13,803 164,770 0 0 164,770 01 164,770 0 0 KIMCO REALTY CORP 49446R109 2,006 105,400 0 0 105,400 03 105,400 0 0 KINDER MORGAN INC 49456B101 319 9,900 0 0 9,900 03 9,900 0 0 Kinder Morgan Inc/Delaware Com. US 49456B101 258 8,000 0 0 8,000 01 8,000 0 0 KINDER MORGAN MANAGEMENT LLC 49455U100 112 1,525 0 0 1,525 03 1,525 0 0 KIOR INC - CL A 497217109 219 24,500 0 0 24,500 03 24,500 0 0 KIRBY CORP 497266106 151 3,200 0 0 3,200 03 3,200 0 0 KITE REALTY GROUP TRUST 49803T102 124 24,800 0 0 24,800 03 24,800 0 0 KLA-TENCOR CORPORATION 482480100 5,033 102,200 0 0 102,200 03 102,200 0 0 KOHLS CORP 500255104 1,908 41,940 0 0 41,940 03 41,940 0 0 KOREA ELEC POWER CORP-SP ADR 500631106 3,784 338,475 0 0 338,475 03 338,475 0 0 KRAFT FOODS INC-CLASS A 50075N104 18,632 482,456 0 0 482,456 03 482,456 0 0 KROGER CO 501044101 1,674 72,200 0 0 72,200 03 72,200 0 0 KT CORP-SP ADR 48268K101 6,104 463,547 0 0 463,547 03 463,547 0 0 --------- 108,001

Form 13F Information Table GAM Holding AG Page 29 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None L-3 COMMUNICATIONS HOLDINGS 502424104 7,164 96,800 0 0 96,800 03 96,800 0 0 LABORATORY CRP OF AMER HLDGS 50540R409 2,408 26,000 0 0 26,000 03 26,000 0 0 LAM RESEARCH CORP 512807108 618 16,383 0 0 16,383 03 16,383 0 0 Lam Research Corp. 0.5% Cv. 15-05- 512807AJ7 8,658 8,999,000 0 0 8,999,000 01 8,999,000 0 0 Lam Research Corp. 0.5% Cv. 15-05- 512807AJ7 1,312 1,362,000 0 0 1,362,000 02 1,362,000 0 0 Lam Research Corp. 0.5% Cv. 15-05- 512807AJ7 278 289,000 0 0 289,000 02 289,000 0 0 Landstar System Inc. Common USD0.0 515098101 628 12,150 0 0 12,150 01 12,150 0 0 LAS VEGAS SANDS CORP 517834107 639 14,701 0 0 14,701 03 14,701 0 0 Las Vegas Sands Corp. Com. USD0.00 517834107 478 11,000 0 0 11,000 01 11,000 0 0 LASALLE HOTEL PROPERTIES 517942108 624 21,400 0 0 21,400 03 21,400 0 0 LATAM AIRLINES GROUP-SP ADR 501723100 522 20,000 0 0 20,000 03 20,000 0 0 LEGG MASON INC 524901105 340 12,900 0 0 12,900 03 12,900 0 0 LEGGETT & PLATT INC 524660107 68 3,200 0 0 3,200 03 3,200 0 0 LENNAR CORP-A 526057104 1,366 44,200 0 0 44,200 03 44,200 0 0 Lennar Corporation Class A Com. US 526057104 4,129 133,640 0 0 133,640 01 133,640 0 0 LEUCADIA NATIONAL CORP 527288104 87 4,100 0 0 4,100 03 4,100 0 0 LEVEL 3 COMMUNICATIONS INC 52729N308 76 3,447 0 0 3,447 03 3,447 0 0 LEXINGTON REALTY TRUST 529043101 292 34,521 0 0 34,521 03 34,521 0 0 LIBERTY GLOBAL INC-A 530555101 150 3,025 0 0 3,025 03 3,025 0 0 LIBERTY GLOBAL INC-SERIES C 530555309 96 2,000 0 0 2,000 03 2,000 0 0 Liberty Global Inc. Class A Com. U 530555101 794 16,000 0 0 16,000 01 16,000 0 0 LIBERTY INTERACTIVE CORP-A 53071M104 226 12,700 0 0 12,700 03 12,700 0 0 Liberty Interactive Corp. A Com. U 53071M104 89 5,000 0 0 5,000 01 5,000 0 0 LIBERTY MEDIA CORP - LIBER-A 530322106 211 2,404 0 0 2,404 03 2,404 0 0 Liberty Media Corp - Liberty-A Com 530322106 429 4,881 0 0 4,881 01 4,881 0 0 --------- 31,685

Form 13F Information Table GAM Holding AG Page 30 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None LIBERTY PROPERTY TRUST 531172104 1,146 31,100 0 0 31,100 03 31,100 0 0 LIFE TECHNOLOGIES CORP 53217V109 1,608 35,739 0 0 35,739 03 35,739 0 0 LIMITED BRANDS INC 532716107 1,935 45,500 0 0 45,500 03 45,500 0 0 LINCOLN NATIONAL CORP 534187109 671 30,700 0 0 30,700 03 30,700 0 0 LINDSAY CORP 535555106 1,038 16,000 0 0 16,000 03 16,000 0 0 LINEAR TECHNOLOGY CORP 535678106 2,770 88,400 0 0 88,400 03 88,400 0 0 LINKEDIN CORP - A 53578A108 112 1,057 0 0 1,057 03 1,057 0 0 Linkedin Corp. A Com. USD0.0001 53578A108 2,402 22,600 0 0 22,600 01 22,600 0 0 LKQ CORP 501889208 3,930 117,672 0 0 117,672 03 117,672 0 0 LOCKHEED MARTIN CORP 539830109 531 6,100 0 0 6,100 03 6,100 0 0 LOEWS CORP 540424108 295 7,199 0 0 7,199 03 7,199 0 0 LORILLARD INC 544147101 2,122 16,080 0 0 16,080 03 16,080 0 0 Louisiana-Pacific Corp. Com. USD 1 546347105 432 39,655 0 0 39,655 01 39,655 0 0 Lowe's Companies Inc. Common USD0. 548661107 1,165 40,960 0 0 40,960 01 40,960 0 0 LOWE'S COS INC 548661107 4,038 142,000 0 0 142,000 03 142,000 0 0 LSB INDUSTRIES INC 502160104 3,091 100,000 0 0 100,000 03 100,000 0 0 LSI CORP 502161102 457 71,800 0 0 71,800 03 71,800 0 0 LTC PROPERTIES INC 502175102 207 5,700 0 0 5,700 03 5,700 0 0 LULULEMON ATHLETICA INC 550021109 119 2,000 0 0 2,000 03 2,000 0 0 M & T BANK CORP 55261F104 3,228 39,100 0 0 39,100 03 39,100 0 0 MACERICH CO/THE 554382101 1,996 33,805 0 0 33,805 03 33,805 0 0 MACK-CALI REALTY CORP 554489104 522 17,960 0 0 17,960 03 17,960 0 0 MACY'S INC 55616P104 1,350 39,300 0 0 39,300 03 39,300 0 0 Madison Square Garden Co. A NPV 55826P100 524 14,000 0 0 14,000 01 14,000 0 0 MANPOWER INC 56418H100 62 1,700 0 0 1,700 03 1,700 0 0 --------- 35,752

Form 13F Information Table GAM Holding AG Page 31 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None MARATHON OIL CORP 565849106 3,406 133,190 0 0 133,190 03 133,190 0 0 MARATHON PETROLEUM CORP 56585A102 6,686 148,850 0 0 148,850 03 148,850 0 0 MARKET VECTORS BRAZIL SM-CAP 57060U613 10 269 0 0 269 03 269 0 0 Market Vectors Brazil Small-Cap ET 57060U613 251 6,850 0 0 6,850 02 6,850 0 0 MARKET VECTORS GOLD MINERS 57060U100 3,582 80,000 0 0 80,000 03 80,000 0 0 MARKET VECTORS INDONESIA IND 57060U753 63 2,294 0 0 2,294 03 2,294 0 0 MARKET VECTORS JR GOLD MINER 57060U589 2,876 150,000 0 0 150,000 03 150,000 0 0 MARKET VECTORS RUSSIA ETF 57060U506 91 3,483 0 0 3,483 03 3,483 0 0 MARRIOTT INTERNATIONAL-CL A 571903202 1,833 46,762 0 0 46,762 03 46,762 0 0 MARSH & MCLENNAN COS 571748102 2,723 84,500 0 0 84,500 03 84,500 0 0 MARTIN MARIETTA MATERIALS 573284106 71 900 0 0 900 03 900 0 0 MARVELL TECHNOLOGY GROUP LTD G5876H105 120 10,600 0 0 10,600 03 10,600 0 0 MASCO CORP 574599106 678 48,900 0 0 48,900 03 48,900 0 0 MASTEC INC 576323109 872 58,000 0 0 58,000 03 58,000 0 0 MASTERCARD INC-CLASS A 57636Q104 12,394 28,815 0 0 28,815 03 28,815 0 0 Mastercard Inc. Class A Com. USD0. 57636Q104 1,677 3,900 0 0 3,900 01 3,900 0 0 Materion Corp. Common NPV 576690101 218 9,500 0 0 9,500 01 9,500 0 0 MATTEL INC 577081102 2,644 81,500 0 0 81,500 03 81,500 0 0 MAXIM INTEGRATED PRODUCTS 57772K101 174 6,800 0 0 6,800 03 6,800 0 0 MAXWELL TECHNOLOGIES INC 577767106 141 21,550 0 0 21,550 03 21,550 0 0 MCCORMICK & CO-NON VTG SHRS 579780206 158 2,600 0 0 2,600 03 2,600 0 0 McDermott International Inc. Com. 580037109 491 44,110 0 0 44,110 01 44,110 0 0 MCDONALD'S CORP 580135101 25,320 286,006 0 0 286,006 03 286,006 0 0 MCGRAW-HILL COMPANIES INC 580645109 284 6,300 0 0 6,300 03 6,300 0 0 McGraw-Hill Companies Inc. Common 580645109 11,857 263,460 0 0 263,460 01 263,460 0 0 --------- 78,620

Form 13F Information Table GAM Holding AG Page 32 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None MCKESSON CORP 58155Q103 1,922 20,502 0 0 20,502 03 20,502 0 0 MDU RESOURCES GROUP INC 552690109 95 4,400 0 0 4,400 03 4,400 0 0 MEAD JOHNSON NUTRITION CO 582839106 938 11,650 0 0 11,650 03 11,650 0 0 Mead Johnson Nutrition Co. Com. US 582839106 523 6,500 0 0 6,500 01 6,500 0 0 MEADWESTVACO CORP 583334107 92 3,200 0 0 3,200 03 3,200 0 0 MECHEL-SPONSORED ADR 583840103 150 23,300 0 0 23,300 03 23,300 0 0 Media General Inc. Cls. A Common U 584404107 60 13,000 0 0 13,000 01 13,000 0 0 MEDICAL PROPERTIES TRUST INC 58463J304 294 30,590 0 0 30,590 03 30,590 0 0 MEDICINES COMPANY 584688105 229 10,000 0 0 10,000 03 10,000 0 0 MEDICIS PHARMACEUTICAL-CL A 584690309 342 10,000 0 0 10,000 03 10,000 0 0 MEDTRONIC INC 585055106 9,431 243,509 0 0 243,509 03 243,509 0 0 Medtronic Incorporated Common USD0 585055106 13,669 352,970 0 0 352,970 01 352,970 0 0 Mellanox Technologies Com. ILS0.01 M51363113 2,005 28,300 0 0 28,300 01 28,300 0 0 MERCK & CO. INC. 58933Y105 28,973 693,974 0 0 693,974 03 693,974 0 0 Meritor Inc. Common USD1.00 59001K100 302 57,966 0 0 57,966 01 57,966 0 0 Methanex Corporation Common NPV 59151K108 532 19,112 0 0 19,112 01 19,112 0 0 METLIFE INC 59156R108 5,058 163,952 0 0 163,952 03 163,952 0 0 METROPCS COMMUNICATIONS INC 591708102 26 4,300 0 0 4,300 03 4,300 0 0 MGM RESORTS INTERNATIONAL 552953101 449 40,200 0 0 40,200 03 40,200 0 0 MICROCHIP TECHNOLOGY INC 595017104 149 4,500 0 0 4,500 03 4,500 0 0 MICRON TECHNOLOGY INC 595112103 113 17,900 0 0 17,900 03 17,900 0 0 MICROSOFT CORP 594918104 70,508 2,304,942 0 0 2,304,942 03 2,304,942 0 0 Microsoft Corporation Com. USD0.00 594918104 4,618 151,000 0 0 151,000 01 151,000 0 0 MID-AMERICA APARTMENT COMM 59522J103 676 9,900 0 0 9,900 03 9,900 0 0 Millicom Intl Cellular SA Com. USD L6388F110 751 8,000 0 0 8,000 01 8,000 0 0 --------- 141,906

Form 13F Information Table GAM Holding AG Page 33 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None MINDRAY MEDICAL INTL LTD-ADR 602675100 303 10,000 0 0 10,000 03 10,000 0 0 MOBILE TELESYSTEMS-SP ADR 607409109 5,637 327,740 0 0 327,740 03 327,740 0 0 Mobile Telesystems Spon. ADR (1 Re 607409109 120 7,000 0 0 7,000 02 7,000 0 0 Modine Manufacturing Co. Common US 607828100 608 87,805 0 0 87,805 01 87,805 0 0 MOHAWK INDUSTRIES INC 608190104 70 1,000 0 0 1,000 03 1,000 0 0 MOLEX INC 608554101 1,096 45,800 0 0 45,800 03 45,800 0 0 MOLSON COORS BREWING CO -B 60871R209 150 3,600 0 0 3,600 03 3,600 0 0 Molson Coors Brewing Co 2.5% Cv. 3 60871RAA8 515 500,000 0 0 500,000 01 500,000 0 0 Molycorp Inc. Common NPV 608753109 1,022 47,450 0 0 47,450 01 47,450 0 0 Moneygram International Inc. Com. 60935Y208 77 5,250 0 0 5,250 01 5,250 0 0 MONSANTO CO 61166W101 6,237 75,348 0 0 75,348 03 75,348 0 0 Monsanto Company Common USD0.01 61166W101 423 5,116 0 0 5,116 01 5,116 0 0 MONSTER BEVERAGE CORP 611740101 1,735 24,368 0 0 24,368 03 24,368 0 0 MOODY'S CORP 615369105 172 4,700 0 0 4,700 03 4,700 0 0 Morgan Stanley Common USD0.01 617446448 117 8,000 0 0 8,000 01 8,000 0 0 Morgan Stanley Frontier Emerging M 61757P101 184 15,700 0 0 15,700 02 15,700 0 0 MORGAN STANLEY INDIA INVEST 61745C105 481 31,000 0 0 31,000 03 31,000 0 0 MORGAN STANLEY 617446448 3,496 239,639 0 0 239,639 03 239,639 0 0 Mosaic Co. (The) Common NPV 61945C103 12,473 227,771 0 0 227,771 01 227,771 0 0 MOTOROLA SOLUTIONS INC 620076307 1,357 28,214 0 0 28,214 03 28,214 0 0 Mueller Industries Inc. Com. USD0. 624756102 43 1,000 0 0 1,000 01 1,000 0 0 MURPHY OIL CORP 626717102 388 7,712 0 0 7,712 03 7,712 0 0 MYLAN INC 628530107 863 40,400 0 0 40,400 03 40,400 0 0 MYR GROUP INC/DELAWARE 55405W104 599 35,100 0 0 35,100 03 35,100 0 0 NABORS INDUSTRIES LTD G6359F103 1,535 106,600 0 0 106,600 03 106,600 0 0 NASDAQ OMX GROUP/THE 631103108 2,686 118,500 0 0 118,500 03 118,500 0 0 --------- 42,389

Form 13F Information Table GAM Holding AG Page 34 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None National Fuel Gas Co. Com. USD1.00 636180101 1,457 31,000 0 0 31,000 01 31,000 0 0 NATIONAL OILWELL VARCO INC 637071101 4,786 74,268 0 0 74,268 03 74,268 0 0 NATIONAL RETAIL PROPERTIES 637417106 727 25,700 0 0 25,700 03 25,700 0 0 NATL HEALTH INVESTORS INC 63633D104 239 4,700 0 0 4,700 03 4,700 0 0 Navistar Intl. Corporation Com. US 63934E108 454 16,000 0 0 16,000 01 16,000 0 0 NETAPP INC 64110D104 1,142 35,900 0 0 35,900 03 35,900 0 0 NETEASE INC-ADR 64110W102 265 4,500 0 0 4,500 03 4,500 0 0 NETFLIX INC 64110L106 342 5,000 0 0 5,000 03 5,000 0 0 Nevsun Resources Ltd. NPV 64156L101 324 100,000 0 0 100,000 01 100,000 0 0 NEW YORK COMMUNITY BANCORP 649445103 104 8,300 0 0 8,300 03 8,300 0 0 NEW YORK TIMES CO-A 650111107 475 60,870 0 0 60,870 03 60,870 0 0 NEWELL RUBBERMAID INC 651229106 103 5,700 0 0 5,700 03 5,700 0 0 NEWFIELD EXPLORATION CO 651290108 88 3,000 0 0 3,000 03 3,000 0 0 NEWMONT MINING CORP 651639106 19,979 411,847 0 0 411,847 03 411,847 0 0 Newmont Mining Corporation Com. US 651639106 1,625 33,500 0 0 33,500 01 33,500 0 0 NEWS CORP-B 65248E203 225 10,000 0 0 10,000 03 10,000 0 0 NEWS CORP-CL A 65248E104 9,562 428,974 0 0 428,974 03 428,974 0 0 News Corporation Inc. Cls A Com. U 65248E104 223 10,000 0 0 10,000 01 10,000 0 0 NEXTERA ENERGY INC 65339F101 8,171 118,744 0 0 118,744 03 118,744 0 0 NII HOLDINGS INC 62913F201 105 10,300 0 0 10,300 03 10,300 0 0 NII Holdings Inc. Common USD.001 62913F201 225 22,000 0 0 22,000 01 22,000 0 0 NIKE INC -CL B 654106103 19,335 220,268 0 0 220,268 03 220,268 0 0 NISOURCE INC 65473P105 156 6,300 0 0 6,300 03 6,300 0 0 Nobility Homes Inc. Common USD0.10 654892108 4 644 0 0 644 01 644 0 0 NOBLE ENERGY INC 655044105 823 9,700 0 0 9,700 03 9,700 0 0 --------- 70,938

Form 13F Information Table GAM Holding AG Page 35 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None NORDSTROM INC 655664100 3,429 69,000 0 0 69,000 03 69,000 0 0 NORFOLK SOUTHERN CORP 655844108 6,567 91,500 0 0 91,500 03 91,500 0 0 NORTEL NETWORKS CORP 656568508 0 190 0 0 190 03 190 0 0 NORTHEAST UTILITIES 664397106 256 6,586 0 0 6,586 03 6,586 0 0 NORTHERN TRUST CORP 665859104 3,174 68,980 0 0 68,980 03 68,980 0 0 Northern Trust Corp. Com. USD1.667 665859104 690 15,000 0 0 15,000 01 15,000 0 0 NORTHROP GRUMMAN CORP 666807102 334 5,236 0 0 5,236 03 5,236 0 0 Nova Measuring Instruments Common M7516K103 671 77,000 0 0 77,000 01 77,000 0 0 NRG ENERGY INC 629377508 101 5,800 0 0 5,800 03 5,800 0 0 NUANCE COMMUNICATIONS INC 67020Y100 367 15,400 0 0 15,400 03 15,400 0 0 NUCOR CORP 670346105 2,088 55,100 0 0 55,100 03 55,100 0 0 NVIDIA CORP 67066G104 1,978 143,150 0 0 143,150 03 143,150 0 0 NYSE EURONEXT 629491101 1,435 56,100 0 0 56,100 03 56,100 0 0 O'REILLY AUTOMOTIVE INC 67103H107 854 10,200 0 0 10,200 03 10,200 0 0 O'Reilly Automotive Inc. Com. USD0 67103H107 201 2,400 0 0 2,400 01 2,400 0 0 OASIS PETROLEUM INC 674215108 145 6,000 0 0 6,000 03 6,000 0 0 OCCIDENTAL PETROLEUM CORP 674599105 19,450 226,909 0 0 226,909 03 226,909 0 0 OI SA-ADR 670851104 57 12,326 0 0 12,326 03 12,326 0 0 OI SA-ADR 670851203 520 42,114 0 0 42,114 03 42,114 0 0 OIL STATES INTERNATIONAL INC 678026105 920 13,900 0 0 13,900 03 13,900 0 0 OMEGA HEALTHCARE INVESTORS 681936100 574 25,500 0 0 25,500 03 25,500 0 0 OMNICARE INC 681904108 78 2,500 0 0 2,500 03 2,500 0 0 Omnicom Group Inc Com. USD0.15 681919106 6,003 123,530 0 0 123,530 01 123,530 0 0 OMNICOM GROUP 681919106 1,249 25,700 0 0 25,700 03 25,700 0 0 OMNIVISION TECHNOLOGIES INC 682128103 240 18,000 0 0 18,000 03 18,000 0 0 --------- 51,382

Form 13F Information Table GAM Holding AG Page 36 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None On Semiconductor Corp. Com. USD0.0 682189105 1,021 143,750 0 0 143,750 01 143,750 0 0 ONEOK INC 682680103 212 5,000 0 0 5,000 03 5,000 0 0 ONYX PHARMACEUTICALS INC 683399109 1,063 16,000 0 0 16,000 03 16,000 0 0 OPTIMER PHARMACEUTICALS INC 68401H104 155 10,000 0 0 10,000 03 10,000 0 0 ORACLE CORP 68389X105 43,769 1,473,716 0 0 1,473,716 03 1,473,716 0 0 OWENS-ILLINOIS INC 690768403 58 3,000 0 0 3,000 03 3,000 0 0 P G & E CORP 69331C108 4,949 109,320 0 0 109,320 03 109,320 0 0 PACCAR INC 693718108 1,341 34,225 0 0 34,225 03 34,225 0 0 PALL CORP 696429307 148 2,700 0 0 2,700 03 2,700 0 0 Pall Corp. Common USD0.10 696429307 576 10,510 0 0 10,510 01 10,510 0 0 PARKER HANNIFIN CORP 701094104 6,170 80,250 0 0 80,250 03 80,250 0 0 PARKWAY PROPERTIES INC 70159Q104 62 5,400 0 0 5,400 03 5,400 0 0 Patterson-UTI Energy Inc. Com. USD 703481101 1,782 122,360 0 0 122,360 01 122,360 0 0 PATTERSON COS INC 703395103 2,010 58,300 0 0 58,300 03 58,300 0 0 PAYCHEX INC 704326107 226 7,200 0 0 7,200 03 7,200 0 0 Paychex Inc. Common USD0.01 704326107 13,220 420,940 0 0 420,940 01 420,940 0 0 PEABODY ENERGY CORP 704549104 2,219 90,488 0 0 90,488 03 90,488 0 0 Peets Coffee & Tea Inc. Common NPV 705560100 276 4,600 0 0 4,600 01 4,600 0 0 PENN REAL ESTATE INVEST TST 709102107 240 16,000 0 0 16,000 03 16,000 0 0 Penske Auto Group Inc. Common USD0 70959W103 7,965 375,000 0 0 375,000 01 375,000 0 0 PENTAIR INC 709631105 5,195 135,700 0 0 135,700 03 135,700 0 0 PEOPLE'S UNITED FINANCIAL 712704105 91 7,800 0 0 7,800 03 7,800 0 0 PEPCO HOLDINGS INC 713291102 100 5,100 0 0 5,100 03 5,100 0 0 PEPSICO INC 713448108 32,187 455,525 0 0 455,525 03 455,525 0 0 PepsiCo Incorporated Com. USD0.017 713448108 18,664 264,160 0 0 264,160 01 264,160 0 0 --------- 143,697

Form 13F Information Table GAM Holding AG Page 37 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None PERKINELMER INC 714046109 1,032 40,000 0 0 40,000 03 40,000 0 0 PERRIGO CO 714290103 212 1,800 0 0 1,800 03 1,800 0 0 PETROCHINA CO LTD -ADR 71646E100 284 2,200 0 0 2,200 03 2,200 0 0 PETROLEO BRASILEIRO-SPON ADR 71654V101 6,207 342,145 0 0 342,145 03 342,145 0 0 Petroleo Brasileiro ADR (1 Rep. 2 71654V101 1,451 80,000 0 0 80,000 01 80,000 0 0 PETROLEO BRASILEIRO S.A.-ADR 71654V408 4,775 254,400 0 0 254,400 03 254,400 0 0 Petroleo Brasileiro SA ADR (1 Rep 71654V408 938 50,000 0 0 50,000 01 50,000 0 0 PETSMART INC 716768106 3,709 54,404 0 0 54,404 03 54,404 0 0 PFIZER INC 717081103 37,056 1,611,133 0 0 1,611,133 03 1,611,133 0 0 Pfizer Incorporated Common USD0.05 717081103 119,087 5,177,682 0 0 5,177,682 01 5,177,682 0 0 Pfizer Incorporated Common USD0.05 717081103 19,313 839,686 0 0 839,686 02 839,686 0 0 PHILIP MORRIS INTERNATIONAL 718172109 29,924 342,927 0 0 342,927 03 342,927 0 0 Phillips 66 Com. NPV 718546104 1,662 50,000 0 0 50,000 01 50,000 0 0 PHILLIPS 66 718546104 2,386 71,775 0 0 71,775 03 71,775 0 0 PIEDMONT OFFICE REALTY TRU-A 720190206 669 38,900 0 0 38,900 03 38,900 0 0 PINNACLE WEST CAPITAL 723484101 119 2,300 0 0 2,300 03 2,300 0 0 PIONEER NATURAL RESOURCES CO 723787107 1,642 18,611 0 0 18,611 03 18,611 0 0 PIPER JAFFRAY COS 724078100 0 8 0 0 8 03 8 0 0 PITNEY BOWES INC 724479100 58 3,900 0 0 3,900 03 3,900 0 0 PLAINS EXPLORATION & PRODUCT 726505100 113 3,200 0 0 3,200 03 3,200 0 0 PLUM CREEK TIMBER CO 729251108 2,998 75,524 0 0 75,524 03 75,524 0 0 PMC - SIERRA INC 69344F106 307 50,000 0 0 50,000 03 50,000 0 0 PNC FINANCIAL SERVICES GROUP 693475105 5,003 81,868 0 0 81,868 03 81,868 0 0 PNC Financial Services Grp. Com. U 693475105 611 10,000 0 0 10,000 01 10,000 0 0 Polypore International Inc. Com. U 73179V103 848 20,985 0 0 20,985 01 20,985 0 0 --------- 240,404

Form 13F Information Table GAM Holding AG Page 38 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None POSCO-ADR 693483109 362 4,500 0 0 4,500 03 4,500 0 0 Post Holdings Inc. Com. NPV 737446104 108 3,500 0 0 3,500 01 3,500 0 0 POST PROPERTIES INC 737464107 553 11,300 0 0 11,300 03 11,300 0 0 Power-One Inc.Com USD0.001 73930R102 5,204 1,150,000 0 0 1,150,000 01 1,150,000 0 0 POWER INTEGRATIONS INC 739276103 466 12,500 0 0 12,500 03 12,500 0 0 Powershares DB Agriculture Fund 73936B408 422 14,900 0 0 14,900 02 14,900 0 0 POWERSHARES DB COMMODITY IND 73935S105 1,288 50,000 0 0 50,000 03 50,000 0 0 POWERSHARES QQQ NASDAQ 100 73935A104 2,942 45,859 0 0 45,859 03 45,859 0 0 PPG INDUSTRIES INC 693506107 350 3,300 0 0 3,300 03 3,300 0 0 PPL CORPORATION 69351T106 1,753 63,040 0 0 63,040 03 63,040 0 0 PRAXAIR INC 74005P104 9,396 86,415 0 0 86,415 03 86,415 0 0 PRECISION CASTPARTS CORP 740189105 1,111 6,753 0 0 6,753 03 6,753 0 0 PRICELINE.COM INC 741503403 6,512 9,800 0 0 9,800 03 9,800 0 0 PRICESMART INC 741511109 945 14,000 0 0 14,000 03 14,000 0 0 PRINCIPAL FINANCIAL GROUP 74251V102 168 6,400 0 0 6,400 03 6,400 0 0 PROCTER & GAMBLE CO/THE 742718109 30,904 504,563 0 0 504,563 03 504,563 0 0 Procter & Gamble Company Common US 742718109 11,966 195,330 0 0 195,330 01 195,330 0 0 PROGRESSIVE CORP 743315103 1,527 73,300 0 0 73,300 03 73,300 0 0 PROLOGIS INC 74340W103 5,200 156,481 0 0 156,481 03 156,481 0 0 Prologis Inc. Common USD0.01 74340W103 6,002 180,607 0 0 180,607 01 180,607 0 0 PRUDENTIAL FINANCIAL INC 744320102 6,524 134,700 0 0 134,700 03 134,700 0 0 PS BUSINESS PARKS INC/CA 69360J107 341 5,040 0 0 5,040 03 5,040 0 0 PUBLIC SERVICE ENTERPRISE GP 744573106 1,329 40,900 0 0 40,900 03 40,900 0 0 PUBLIC STORAGE 74460D109 5,199 36,002 0 0 36,002 03 36,002 0 0 Pulte Group Inc. Common USD0.01 745867101 989 92,455 0 0 92,455 01 92,455 0 0 --------- 101,561

Form 13F Information Table GAM Holding AG Page 39 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None PULTEGROUP INC 745867101 1,434 134,000 0 0 134,000 03 134,000 0 0 PVH CORP 693656100 92 1,184 0 0 1,184 03 1,184 0 0 PVH Corp. Common USD1.00 693656100 1,017 13,070 0 0 13,070 01 13,070 0 0 QEP RESOURCES INC 74733V100 120 4,000 0 0 4,000 03 4,000 0 0 QUALCOMM INC 747525103 34,185 613,950 0 0 613,950 03 613,950 0 0 QUALITY SYSTEMS INC 747582104 1,406 51,115 0 0 51,115 03 51,115 0 0 QUANTA SERVICES INC 74762E102 4,200 174,500 0 0 174,500 03 174,500 0 0 Quanta Services Inc. Common USD0.0 74762E102 4,813 200,000 0 0 200,000 01 200,000 0 0 QUEST DIAGNOSTICS INC 74834L100 1,707 28,500 0 0 28,500 03 28,500 0 0 QUESTCOR PHARMACEUTICALS 74835Y101 266 5,000 0 0 5,000 03 5,000 0 0 QUIMICA Y MINERA CHIL-SP ADR 833635105 1,261 22,650 0 0 22,650 03 22,650 0 0 R.R. Donnelley & Sons Co. Comm. US 257867101 2,353 200,000 0 0 200,000 01 200,000 0 0 RACKSPACE HOSTING INC 750086100 100 2,274 0 0 2,274 03 2,274 0 0 RALCORP HOLDINGS INC 751028101 73 1,100 0 0 1,100 03 1,100 0 0 Ralcorp Holdings Inc. Common USD0. 751028101 234 3,500 0 0 3,500 01 3,500 0 0 RALPH LAUREN CORP 751212101 10,238 73,100 0 0 73,100 03 73,100 0 0 RAMCO-GERSHENSON PROPERTIES 751452202 153 12,180 0 0 12,180 03 12,180 0 0 RANDGOLD RESOURCES LTD-ADR 752344309 3,780 42,000 0 0 42,000 03 42,000 0 0 RANGE RESOURCES CORP 75281A109 2,086 33,719 0 0 33,719 03 33,719 0 0 RAYONIER INC 754907103 108 2,400 0 0 2,400 03 2,400 0 0 RAYTHEON COMPANY 755111507 441 7,800 0 0 7,800 03 7,800 0 0 REALTY INCOME CORP 756109104 1,337 32,000 0 0 32,000 03 32,000 0 0 RED HAT INC 756577102 1,711 30,300 0 0 30,300 03 30,300 0 0 REGAL-BELOIT CORP 758750103 704 11,300 0 0 11,300 03 11,300 0 0 REGENCY CENTERS CORP 758849103 1,118 23,500 0 0 23,500 03 23,500 0 0 --------- 74,937

Form 13F Information Table GAM Holding AG Page 40 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None REGENERON PHARMACEUTICALS 75886F107 855 7,488 0 0 7,488 03 7,488 0 0 REGIONS FINANCIAL CORP 7591EP100 418 61,855 0 0 61,855 03 61,855 0 0 REGIS CORP 758932107 773 43,040 0 0 43,040 03 43,040 0 0 REPUBLIC SERVICES INC 760759100 1,540 58,215 0 0 58,215 03 58,215 0 0 Republic Services Inc. Common USD0 760759100 291 11,000 0 0 11,000 01 11,000 0 0 Retalix Limited ILS1.00 M8215W109 579 29,021 0 0 29,021 01 29,021 0 0 REYNOLDS AMERICAN INC 761713106 3,311 73,800 0 0 73,800 03 73,800 0 0 RF Micro Devices Inc. Com. NPV 749941100 457 107,455 0 0 107,455 01 107,455 0 0 RIO TINTO PLC-SPON ADR 767204100 1,183 24,750 0 0 24,750 03 24,750 0 0 ROBERT HALF INTL INC 770323103 1,528 53,500 0 0 53,500 03 53,500 0 0 ROCK-TENN COMPANY -CL A 772739207 71 1,300 0 0 1,300 03 1,300 0 0 ROCKWELL AUTOMATION INC 773903109 4,147 62,780 0 0 62,780 03 62,780 0 0 ROCKWELL COLLINS INC 774341101 158 3,200 0 0 3,200 03 3,200 0 0 ROPER INDUSTRIES INC 776696106 2,267 23,000 0 0 23,000 03 23,000 0 0 Rosetta Resources Inc. Common USD0 777779307 352 9,620 0 0 9,620 01 9,620 0 0 ROSS STORES INC 778296103 7,959 127,400 0 0 127,400 03 127,400 0 0 Rovi Corp. Com. USD0.001 779376102 269 13,695 0 0 13,695 01 13,695 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 259 14,800 0 0 14,800 01 14,800 0 0 Royal Bk. of Scotland 7.25% Pfd. P 780097713 94 4,800 0 0 4,800 01 4,800 0 0 RR DONNELLEY & SONS CO 257867101 8 700 0 0 700 03 700 0 0 RUBICON TECHNOLOGY INC 78112T107 1,003 98,300 0 0 98,300 03 98,300 0 0 RYDER SYSTEM INC 783549108 360 10,000 0 0 10,000 03 10,000 0 0 SAFEWAY INC 786514208 2,104 115,945 0 0 115,945 03 115,945 0 0 SAIC INC 78390X101 85 7,000 0 0 7,000 03 7,000 0 0 --------- 30,076

Form 13F Information Table GAM Holding AG Page 41 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None SALESFORCE.COM INC 79466L302 4,999 36,153 0 0 36,153 03 36,153 0 0 Salesforce.com Inc. Common USD0.00 79466L302 600 4,340 0 0 4,340 01 4,340 0 0 SANDISK CORP 80004C101 2,815 77,153 0 0 77,153 03 77,153 0 0 SanDisk Corporation Common USD0.00 80004C101 1,757 48,165 0 0 48,165 01 48,165 0 0 Sapient Corporation Common USD0.01 803062108 353 35,050 0 0 35,050 01 35,050 0 0 SAUL CENTERS INC 804395101 167 3,900 0 0 3,900 03 3,900 0 0 SBA COMMUNICATIONS CORP-CL A 78388J106 160 2,800 0 0 2,800 03 2,800 0 0 SCANA CORP 80589M102 120 2,500 0 0 2,500 03 2,500 0 0 SCHLUMBERGER LTD 806857108 19,042 293,360 0 0 293,360 03 293,360 0 0 SCHWAB (CHARLES) CORP 808513105 1,449 112,100 0 0 112,100 03 112,100 0 0 Scripps Networks Inter-Cl A Com. U 811065101 114 2,000 0 0 2,000 01 2,000 0 0 SCRIPPS NETWORKS INTER-CL A 811065101 108 1,900 0 0 1,900 03 1,900 0 0 Seagate Technology Common USD0.000 G7945M107 1,360 55,000 0 0 55,000 01 55,000 0 0 SEAGATE TECHNOLOGY G7945M107 767 31,000 0 0 31,000 03 31,000 0 0 SEALED AIR CORP 81211K100 51 3,300 0 0 3,300 03 3,300 0 0 SEARS HOLDINGS CORP 812350106 54 900 0 0 900 03 900 0 0 SEATTLE GENETICS INC 812578102 229 9,000 0 0 9,000 03 9,000 0 0 SEI INVESTMENTS COMPANY 784117103 76 3,800 0 0 3,800 03 3,800 0 0 SEMPRA ENERGY 816851109 2,838 41,200 0 0 41,200 03 41,200 0 0 SENIOR HOUSING PROP TRUST 81721M109 893 40,020 0 0 40,020 03 40,020 0 0 Sensient Technologies Corp. Com. U 81725T100 257 7,000 0 0 7,000 01 7,000 0 0 Sequans Communications ADR (1 Rep. 817323108 187 83,700 0 0 83,700 01 83,700 0 0 SEQUENOM INC 817337405 75 18,500 0 0 18,500 03 18,500 0 0 SHERWIN-WILLIAMS CO/THE 824348106 926 7,000 0 0 7,000 03 7,000 0 0 SHIRE PLC-ADR 82481R106 518 6,000 0 0 6,000 03 6,000 0 0 --------- 39,914

Form 13F Information Table GAM Holding AG Page 42 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Shutterfly Inc. Com USD0.0001 82568P304 274 8,940 0 0 8,940 01 8,940 0 0 SIGMA-ALDRICH 826552101 318 4,300 0 0 4,300 03 4,300 0 0 SILGAN HOLDINGS INC 827048109 260 6,100 0 0 6,100 03 6,100 0 0 SIMON PROPERTY GROUP INC 828806109 17,623 113,216 0 0 113,216 03 113,216 0 0 SIRIUS XM RADIO INC 82967N108 142 76,771 0 0 76,771 03 76,771 0 0 SK TELECOM CO LTD-ADR 78440P108 1,784 147,952 0 0 147,952 03 147,952 0 0 Skyworks Solutions Inc. Common USD 83088M102 1,237 45,280 0 0 45,280 01 45,280 0 0 SL GREEN REALTY CORP 78440X101 1,714 21,366 0 0 21,366 03 21,366 0 0 SLM CORP 78442P106 584 37,200 0 0 37,200 03 37,200 0 0 SOHU.COM INC 83408W103 1,109 24,850 0 0 24,850 03 24,850 0 0 Solera Holdings Inc Com. USD 0.01 83421A104 808 19,320 0 0 19,320 01 19,320 0 0 SONOCO PRODUCTS CO 835495102 603 20,000 0 0 20,000 03 20,000 0 0 SOUTHERN CO/THE 842587107 2,631 56,817 0 0 56,817 03 56,817 0 0 Southern Copper Corp. Common USD0. 84265V105 7 214 0 0 214 01 214 0 0 SOUTHWEST AIRLINES CO 844741108 487 52,800 0 0 52,800 03 52,800 0 0 SOUTHWESTERN ENERGY CO 845467109 4,761 149,100 0 0 149,100 03 149,100 0 0 SOVRAN SELF STORAGE INC 84610H108 351 7,000 0 0 7,000 03 7,000 0 0 SPDR BARCLAYS CAPTL CONV SEC 78464A359 1,127 30,000 0 0 30,000 03 30,000 0 0 SPDR DJIA TRUST 78467X109 1,620 12,601 0 0 12,601 03 12,601 0 0 SPDR S&P 500 ETF TRUST 78462F103 5,348 39,268 0 0 39,268 03 39,268 0 0 SPDR S&P EMERGING ASIA PACIF 78463X301 553 8,031 0 0 8,031 03 8,031 0 0 SPDR S&P Homebuilders ETF 78464A888 460 21,600 0 0 21,600 02 21,600 0 0 SPDR Trust Unit Series 1 78462F103 1,107 8,120 0 0 8,120 01 8,120 0 0 SPECTRA ENERGY CORP 847560109 432 14,850 0 0 14,850 03 14,850 0 0 SPRINT NEXTEL CORP 852061100 215 65,800 0 0 65,800 03 65,800 0 0 --------- 45,554

Form 13F Information Table GAM Holding AG Page 43 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Sprint Nextel Corp. Common USD2.00 852061100 7,498 2,304,075 0 0 2,304,075 01 2,304,075 0 0 Sprint Nextel Corp. Common USD2.00 852061100 1,130 347,102 0 0 347,102 02 347,102 0 0 SPX CORP 784635104 65 1,000 0 0 1,000 03 1,000 0 0 ST JUDE MEDICAL INC 790849103 2,626 65,807 0 0 65,807 03 65,807 0 0 St. Joe Corporation Common NPV 790148100 2,105 133,160 0 0 133,160 01 133,160 0 0 STANDARD PACIFIC CORP 85375C101 99 16,000 0 0 16,000 03 16,000 0 0 STANLEY BLACK & DECKER INC 854502101 230 3,575 0 0 3,575 03 3,575 0 0 STAPLES INC 855030102 9,146 700,870 0 0 700,870 03 700,870 0 0 Staples Inc. Common USD0.0006 855030102 10,747 823,850 0 0 823,850 01 823,850 0 0 STARBUCKS CORP 855244109 13,723 257,373 0 0 257,373 03 257,373 0 0 STARWOOD HOTELS & RESORTS 85590A401 4,758 89,700 0 0 89,700 03 89,700 0 0 STATE STREET CORP 857477103 2,275 50,962 0 0 50,962 03 50,962 0 0 State Street Corp. Common USD1.00 857477103 446 10,000 0 0 10,000 01 10,000 0 0 STERICYCLE INC 858912108 312 3,408 0 0 3,408 03 3,408 0 0 STRATEGIC HOTELS & RESORTS I 86272T106 285 44,100 0 0 44,100 03 44,100 0 0 STRAYER EDUCATION INC 863236105 763 7,000 0 0 7,000 03 7,000 0 0 STRYKER CORP 863667101 3,219 58,420 0 0 58,420 03 58,420 0 0 SUN COMMUNITIES INC 866674104 296 6,700 0 0 6,700 03 6,700 0 0 SUNOCO INC 86764P109 152 3,200 0 0 3,200 03 3,200 0 0 SUNPOWER CORP 867652406 7 1,460 0 0 1,460 03 1,460 0 0 SUNSTONE HOTEL INVESTORS INC 867892101 304 27,637 0 0 27,637 03 27,637 0 0 SUNTECH POWER HOLDINGS-ADR 86800C104 179 95,000 0 0 95,000 03 95,000 0 0 SUNTRUST BANKS INC 867914103 1,490 61,500 0 0 61,500 03 61,500 0 0 SUPERIOR ENERGY SERVICES INC 868157108 82 4,029 0 0 4,029 03 4,029 0 0 Superior Industries Intl. Common U 868168105 180 11,000 0 0 11,000 01 11,000 0 0 --------- 62,118

Form 13F Information Table GAM Holding AG Page 44 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Supervalu Inc. Common USD1.00 868536103 4,574 882,279 0 0 882,279 01 882,279 0 0 Supervalu Inc. Common USD1.00 868536103 800 154,228 0 0 154,228 02 154,228 0 0 SUSQUEHANNA BANCSHARES INC 869099101 192 18,700 0 0 18,700 03 18,700 0 0 SXC HEALTH SOLUTIONS CORP *do not 78505P100 3,162 31,876 0 0 31,876 03 31,876 0 0 SXC Health Solutions Corp. Com. NP 78505P100 2,014 20,307 0 0 20,307 01 20,307 0 0 SYMANTEC CORP 871503108 6,417 439,250 0 0 439,250 03 439,250 0 0 SYNAGEVA BIOPHARMA CORP 87159A103 203 5,000 0 0 5,000 03 5,000 0 0 Synalloy Corporation Common USD1.0 871565107 1,121 100,000 0 0 100,000 01 100,000 0 0 SYNOPSYS INC 871607107 91 3,100 0 0 3,100 03 3,100 0 0 SYNOVUS FINANCIAL CORP 87161C105 361 182,500 0 0 182,500 03 182,500 0 0 SYSCO CORP 871829107 2,183 73,215 0 0 73,215 03 73,215 0 0 T ROWE PRICE GROUP INC 74144T108 4,821 76,575 0 0 76,575 03 76,575 0 0 Taiwan Semi. - SP ADR (1 Rep 5 Ord 874039100 70 5,000 0 0 5,000 01 5,000 0 0 TAIWAN SEMICONDUCTOR-SP ADR 874039100 1,968 141,000 0 0 141,000 03 141,000 0 0 TANGER FACTORY OUTLET CENTER 875465106 587 18,300 0 0 18,300 03 18,300 0 0 TARGET CORP 87612E106 3,724 64,000 0 0 64,000 03 64,000 0 0 Target Corporation Common USD0.083 87612E106 12,985 223,150 0 0 223,150 01 223,150 0 0 TATA MOTORS LTD-SPON ADR 876568502 714 32,500 0 0 32,500 03 32,500 0 0 TAUBMAN CENTERS INC 876664103 957 12,400 0 0 12,400 03 12,400 0 0 TD AMERITRADE HOLDING CORP 87236Y108 82 4,800 0 0 4,800 03 4,800 0 0 TECO ENERGY INC 872375100 271 15,000 0 0 15,000 03 15,000 0 0 TELEFONICA BRASIL-ADR 87936R106 742 30,000 0 0 30,000 03 30,000 0 0 Telephone And Data Systems USD0.01 879433829 639 30,000 0 0 30,000 01 30,000 0 0 TEMPUR-PEDIC INTERNATIONAL 88023U101 580 24,787 0 0 24,787 03 24,787 0 0 Tenet Healthcare Corp. Com. USD0.0 88033G100 787 150,000 0 0 150,000 01 150,000 0 0 --------- 50,044

Form 13F Information Table GAM Holding AG Page 45 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Tenneco Inc. Common USD0.01 880349105 5,382 200,657 0 0 200,657 01 200,657 0 0 TERADATA CORP 88076W103 6,044 83,934 0 0 83,934 03 83,934 0 0 TERADYNE INC 880770102 506 36,000 0 0 36,000 03 36,000 0 0 Tesoro Corp Com. USD0.167 881609101 378 15,145 0 0 15,145 01 15,145 0 0 TESORO CORP 881609101 998 40,000 0 0 40,000 03 40,000 0 0 TEVA PHARMACEUTICAL-SP ADR 881624209 887 22,500 0 0 22,500 03 22,500 0 0 Texas Industries Inc. Common USD1. 882491103 273 7,000 0 0 7,000 01 7,000 0 0 TEXAS INSTRUMENTS INC 882508104 14,168 493,840 0 0 493,840 03 493,840 0 0 Texas Instruments Inc. Common USD1 882508104 861 30,000 0 0 30,000 01 30,000 0 0 TEXTRON INC 883203101 139 5,600 0 0 5,600 03 5,600 0 0 The Advisory Board Corp. Com. USD0 00762W107 189 3,820 0 0 3,820 01 3,820 0 0 The Walt Disney Company Common USD 254687106 17,685 364,680 0 0 364,680 01 364,680 0 0 THERMO FISHER SCIENTIFIC INC 883556102 4,106 79,100 0 0 79,100 03 79,100 0 0 THRESHOLD PHARMACEUTICALS 885807206 148 20,000 0 0 20,000 03 20,000 0 0 TIBCO Software Inc. Common USD0.00 88632Q103 325 10,860 0 0 10,860 01 10,860 0 0 TIFFANY & CO 886547108 12,734 240,500 0 0 240,500 03 240,500 0 0 TIM PARTICIPACOES SA-ADR 88706P205 330 12,000 0 0 12,000 03 12,000 0 0 TIME WARNER CABLE 88732J207 8,010 97,560 0 0 97,560 03 97,560 0 0 TIME WARNER INC 887317303 5,590 145,191 0 0 145,191 03 145,191 0 0 Time Warner Inc. Common USD0.01 887317303 616 16,000 0 0 16,000 01 16,000 0 0 TJX COMPANIES INC 872540109 7,461 173,800 0 0 173,800 03 173,800 0 0 TOLL BROTHERS INC 889478103 852 28,665 0 0 28,665 03 28,665 0 0 TORCHMARK CORP 891027104 1,774 35,100 0 0 35,100 03 35,100 0 0 TOTAL SYSTEM SERVICES INC 891906109 72 3,003 0 0 3,003 03 3,003 0 0 TOWERS WATSON & CO-CL A 891894107 210 3,500 0 0 3,500 03 3,500 0 0 --------- 89,739

Form 13F Information Table GAM Holding AG Page 46 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None TRACTOR SUPPLY COMPANY 892356106 124 1,493 0 0 1,493 03 1,493 0 0 TRANSDIGM GROUP INC 893641100 140 1,043 0 0 1,043 03 1,043 0 0 TRANSOCEAN LTD H8817H100 21,024 471,266 0 0 471,266 03 471,266 0 0 Transocean Ltd. Com. CHF15.00 H8817H100 4,104 91,730 0 0 91,730 01 91,730 0 0 TRAVELERS COS INC/THE 89417E109 3,128 49,000 0 0 49,000 03 49,000 0 0 TRIMBLE NAVIGATION LTD 896239100 110 2,385 0 0 2,385 03 2,385 0 0 Trimble Navigation Ltd. Com. NPV 896239100 854 18,560 0 0 18,560 01 18,560 0 0 TRINA SOLAR LTD-SPON ADR 89628E104 2,804 440,900 0 0 440,900 03 440,900 0 0 Tripadvisor Inc. Common USD0.001 896945201 1,154 25,820 0 0 25,820 01 25,820 0 0 TRUE RELIGION APPAREL INC 89784N104 1,559 53,800 0 0 53,800 03 53,800 0 0 TRW AUTOMOTIVE HOLDINGS CORP 87264S106 1,346 36,618 0 0 36,618 03 36,618 0 0 TUPPERWARE BRANDS CORP 899896104 821 15,000 0 0 15,000 03 15,000 0 0 TURKCELL ILETISIM HIZMET-ADR 900111204 810 64,560 0 0 64,560 03 64,560 0 0 Twin Disc Inc. NPV 901476101 46 2,500 0 0 2,500 01 2,500 0 0 TYCO INTERNATIONAL LTD H89128104 3,638 68,827 0 0 68,827 03 68,827 0 0 Tyco International Ltd. Com. CHF6. H89128104 1,110 21,000 0 0 21,000 01 21,000 0 0 TYSON FOODS INC-CL A 902494103 136 7,200 0 0 7,200 03 7,200 0 0 UDR INC 902653104 1,578 61,073 0 0 61,073 03 61,073 0 0 ULTA SALON COSMETICS & FRAGR 90384S303 867 9,282 0 0 9,282 03 9,282 0 0 ULTRA PETROLEUM CORP 903914109 424 18,400 0 0 18,400 03 18,400 0 0 ULTRAPAR PARTICPAC-SPON ADR 90400P101 1,134 50,000 0 0 50,000 03 50,000 0 0 UNDER ARMOUR INC-CLASS A 904311107 2,154 22,800 0 0 22,800 03 22,800 0 0 Unilever PLC - Spons. ADR (1 Rep. 904767704 634 18,800 0 0 18,800 02 18,800 0 0 UNION PACIFIC CORP 907818108 11,853 99,349 0 0 99,349 03 99,349 0 0 United Continental Holdings Common 910047109 1,206 49,586 0 0 49,586 01 49,586 0 0 --------- 62,759

Form 13F Information Table GAM Holding AG Page 47 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None UNITED CONTINENTAL HOLDINGS 910047109 60 2,480 0 0 2,480 03 2,480 0 0 UNITED MICROELECTRON-SP ADR 910873405 412 190,000 0 0 190,000 03 190,000 0 0 UNITED NATURAL FOODS INC 911163103 2,474 45,100 0 0 45,100 03 45,100 0 0 UNITED PARCEL SERVICE-CL B 911312106 13,622 172,958 0 0 172,958 03 172,958 0 0 United Parcel Service Com.Cls B US 911312106 12,917 164,010 0 0 164,010 01 164,010 0 0 UNITED STATES STEEL CORP 912909108 1,298 63,000 0 0 63,000 03 63,000 0 0 UNITED TECHNOLOGIES CORP 913017109 14,822 196,245 0 0 196,245 03 196,245 0 0 United Technologies Corp. Common U 913017109 12,358 163,620 0 0 163,620 01 163,620 0 0 UNITED THERAPEUTICS CORP 91307C102 790 16,000 0 0 16,000 03 16,000 0 0 UNITEDHEALTH GROUP INC 91324P102 20,225 345,730 0 0 345,730 03 345,730 0 0 Universal Display Corp Com. USD 0. 91347P105 2,116 58,890 0 0 58,890 01 58,890 0 0 UNIVERSAL DISPLAY CORP 91347P105 295 8,200 0 0 8,200 03 8,200 0 0 UNIVERSAL HEALTH RLTY INCOME 91359E105 154 3,700 0 0 3,700 03 3,700 0 0 UNIVERSAL HEALTH SERVICES-B 913903100 863 20,000 0 0 20,000 03 20,000 0 0 UNUM GROUP 91529Y106 134 7,000 0 0 7,000 03 7,000 0 0 URBAN OUTFITTERS INC 917047102 80 2,900 0 0 2,900 03 2,900 0 0 URS CORP 903236107 52 1,500 0 0 1,500 03 1,500 0 0 URSTADT BIDDLE - CLASS A 917286205 125 6,300 0 0 6,300 03 6,300 0 0 US BANCORP 902973304 16,483 512,544 0 0 512,544 03 512,544 0 0 US Cellular Corporation Common USD 911684108 579 15,000 0 0 15,000 01 15,000 0 0 USA Truck Incorporated Common USD0 902925106 4,675 975,000 0 0 975,000 01 975,000 0 0 UTILITIES SELECT SECTOR SPDR 81369Y886 2,959 80,000 0 0 80,000 03 80,000 0 0 VALE SA-SP ADR 91912E105 10,786 543,369 0 0 543,369 03 543,369 0 0 VALE SA-SP PREF ADR 91912E204 6,048 310,000 0 0 310,000 03 310,000 0 0 Vale SA - SP ADR (1 Reps. 1 Ord.) 91912E105 794 40,000 0 0 40,000 01 40,000 0 0 --------- 125,123

Form 13F Information Table GAM Holding AG Page 48 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None VALERO ENERGY CORP 91913Y100 1,524 63,100 0 0 63,100 03 63,100 0 0 Valero Energy Corp. Common USD0.01 91913Y100 356 14,735 0 0 14,735 01 14,735 0 0 VANGUARD LARGE-CAP ETF 922908637 1,863 30,000 0 0 30,000 03 30,000 0 0 VANGUARD MSCI EMERGING MARKE 922042858 68,050 1,703,609 0 0 1,703,609 03 1,703,609 0 0 VARIAN MEDICAL SYSTEMS INC 92220P105 1,361 22,400 0 0 22,400 03 22,400 0 0 VENTAS INC 92276F100 5,577 88,354 0 0 88,354 03 88,354 0 0 VERIFONE SYSTEMS INC 92342Y109 71 2,152 0 0 2,152 03 2,152 0 0 VeriFone Systems Inc. Common USD0. 92342Y109 3,399 102,720 0 0 102,720 01 102,720 0 0 VERISIGN INC 92343E102 161 3,700 0 0 3,700 03 3,700 0 0 VERISK ANALYTICS INC-CLASS A 92345Y106 143 2,900 0 0 2,900 03 2,900 0 0 VERIZON COMMUNICATIONS INC 92343V104 14,061 316,404 0 0 316,404 03 316,404 0 0 VERTEX PHARMACEUTICALS INC 92532F100 1,706 30,500 0 0 30,500 03 30,500 0 0 VF CORP 918204108 1,775 13,300 0 0 13,300 03 13,300 0 0 VIACOM INC-CLASS B 92553P201 4,749 101,000 0 0 101,000 03 101,000 0 0 Viacom Inc. New Class A Com. USD0. 92553P102 662 13,000 0 0 13,000 01 13,000 0 0 Viad Corporation Common USD 1.50 92552R406 210 10,500 0 0 10,500 01 10,500 0 0 VIRGIN MEDIA INC 92769L101 146 6,000 0 0 6,000 03 6,000 0 0 VIROPHARMA INC 928241108 237 10,000 0 0 10,000 03 10,000 0 0 VISA INC-CLASS A SHARES 92826C839 22,011 178,041 0 0 178,041 03 178,041 0 0 Visa Inc Com. USD 0.0001 92826C839 1,360 11,000 0 0 11,000 01 11,000 0 0 VIVUS INC 928551100 285 10,000 0 0 10,000 03 10,000 0 0 Vmware Inc-Class A Common USD0.01 928563402 4,642 50,988 0 0 50,988 01 50,988 0 0 VMWARE INC-CLASS A 928563402 155 1,700 0 0 1,700 03 1,700 0 0 VORNADO REALTY TRUST 929042109 5,211 62,048 0 0 62,048 03 62,048 0 0 VULCAN MATERIALS CO 929160109 512 12,900 0 0 12,900 03 12,900 0 0 --------- 140,227

Form 13F Information Table GAM Holding AG Page 49 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Wal-Mart Stores Inc Common USD0.10 931142103 14,142 202,850 0 0 202,850 01 202,850 0 0 WAL-MART STORES INC 931142103 25,244 362,083 0 0 362,083 03 362,083 0 0 WALGREEN CO 931422109 13,071 441,880 0 0 441,880 03 441,880 0 0 Walgreen Company Common USD0.07812 931422109 26,219 886,570 0 0 886,570 01 886,570 0 0 Walgreen Company Common USD0.07812 931422109 4,041 136,648 0 0 136,648 02 136,648 0 0 WALT DISNEY CO/THE 254687106 21,905 451,647 0 0 451,647 03 451,647 0 0 WALTER ENERGY INC 93317Q105 87 1,960 0 0 1,960 03 1,960 0 0 WASHINGTON POST-CLASS B 939640108 37 100 0 0 100 03 100 0 0 WASHINGTON REIT 939653101 395 13,900 0 0 13,900 03 13,900 0 0 WASTE MANAGEMENT INC 94106L109 2,168 64,900 0 0 64,900 03 64,900 0 0 Waste Management Inc. Com. USD0.01 94106L109 11,958 357,960 0 0 357,960 01 357,960 0 0 WATERS CORP 941848103 350 4,400 0 0 4,400 03 4,400 0 0 WATSON PHARMACEUTICALS INC 942683103 222 2,998 0 0 2,998 03 2,998 0 0 Watts Water Tech. Inc. A Common US 942749102 5,973 179,143 0 0 179,143 01 179,143 0 0 WEATHERFORD INTL LTD H27013103 13,824 1,108,488 0 0 1,108,488 03 1,108,488 0 0 Weatherford Intl. Ltd. Com. USD1.0 H27013103 795 63,000 0 0 63,000 01 63,000 0 0 WEINGARTEN REALTY INVESTORS 948741103 766 29,100 0 0 29,100 03 29,100 0 0 WELLPOINT INC 94973V107 3,320 52,052 0 0 52,052 03 52,052 0 0 WELLS FARGO & CO 949746101 40,397 1,208,052 0 0 1,208,052 03 1,208,052 0 0 Wells Fargo & Co. Com. USD1.666 949746101 3,344 100,000 0 0 100,000 01 100,000 0 0 Wells Fargo & Co. Com. USD1.666 949746101 502 15,000 0 0 15,000 01 15,000 0 0 WESTERN DIGITAL CORP 958102105 820 26,900 0 0 26,900 03 26,900 0 0 WESTERN UNION CO 959802109 1,564 92,900 0 0 92,900 03 92,900 0 0 Western Union Corp. Common USD0.01 959802109 11,923 708,030 0 0 708,030 01 708,030 0 0 WEYERHAEUSER CO 962166104 1,610 71,990 0 0 71,990 03 71,990 0 0 --------- 204,678

Form 13F Information Table GAM Holding AG Page 50 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None WHIRLPOOL CORP 963320106 177 2,900 0 0 2,900 03 2,900 0 0 WHITING PETROLEUM CORP 966387102 471 11,453 0 0 11,453 03 11,453 0 0 WHOLE FOODS MARKET INC 966837106 10,272 107,759 0 0 107,759 03 107,759 0 0 WILEY (JOHN) & SONS-CLASS A 968223206 1,954 39,894 0 0 39,894 03 39,894 0 0 Williams Companies Inc. Common USD 969457100 1,802 62,537 0 0 62,537 01 62,537 0 0 WILLIAMS COS INC 969457100 3,127 108,500 0 0 108,500 03 108,500 0 0 WILLIS GROUP HOLDINGS PLC G96666105 149 4,082 0 0 4,082 03 4,082 0 0 WINDSTREAM CORP 97381W104 110 11,400 0 0 11,400 03 11,400 0 0 WISCONSIN ENERGY CORP 976657106 7,357 185,919 0 0 185,919 03 185,919 0 0 WPX ENERGY INC 98212B103 2,103 130,000 0 0 130,000 03 130,000 0 0 WPX Energy Inc. W/I NPV 98212B103 337 20,845 0 0 20,845 01 20,845 0 0 WR BERKLEY CORP 084423102 105 2,700 0 0 2,700 03 2,700 0 0 WR Berkley Corp. Common USD0.20 084423102 11,675 300,000 0 0 300,000 01 300,000 0 0 WR Berkley Corp. Common USD0.20 084423102 233 6,000 0 0 6,000 01 6,000 0 0 WUXI PHARMATECH CAYMAN-ADR 929352102 939 66,500 0 0 66,500 03 66,500 0 0 WW GRAINGER INC 384802104 6,980 36,500 0 0 36,500 03 36,500 0 0 WYNDHAM WORLDWIDE CORP 98310W108 842 15,970 0 0 15,970 03 15,970 0 0 WYNN RESORTS LTD 983134107 5,954 57,400 0 0 57,400 03 57,400 0 0 XCEL ENERGY INC 98389B100 631 22,200 0 0 22,200 03 22,200 0 0 XEROX CORP 984121103 782 99,400 0 0 99,400 03 99,400 0 0 XILINX INC 983919101 4,347 129,500 0 0 129,500 03 129,500 0 0 Xilinx Inc. Common USD0.01 983919101 1,679 50,000 0 0 50,000 01 50,000 0 0 Xylem Inc-W/I Com. NPV 98419M100 377 15,000 0 0 15,000 01 15,000 0 0 XYLEM INC 98419M100 3,564 141,584 0 0 141,584 03 141,584 0 0 YAHOO! INC 984332106 7,006 442,600 0 0 442,600 03 442,600 0 0 --------- 72,974

Form 13F Information Table GAM Holding AG Page 51 of 51 1 2 3 4 5 6 7 8 Mkt Value -- Investment Discretion -- --- Voting Authority ---- Name of Issuer Type CUSIP $ x1000 # Shares Sole Shared Other Managers Sole Shared None Yahoo! Incorporated Common USD0.00 984332106 475 30,000 0 0 30,000 01 30,000 0 0 YPF S.A.-SPONSORED ADR 984245100 276 22,350 0 0 22,350 03 22,350 0 0 YUM! BRANDS INC 988498101 6,796 105,500 0 0 105,500 03 105,500 0 0 Yum! Brands Inc. Com. NPV 988498101 3,452 53,590 0 0 53,590 01 53,590 0 0 ZIMMER HOLDINGS INC 98956P102 7,214 112,095 0 0 112,095 03 112,095 0 0 ZIONS BANCORPORATION 989701107 486 25,000 0 0 25,000 03 25,000 0 0 --------- 18,699 ========= 4,637,665