SPARINVEST ASSET MANAGEMENT A/S Information

KINGOSVEJ 1, TAASTRUP, , 2630, (453) 634-7430

Report Date: 09/30/2012

Position Statistics:

Total Positions 293
New Positions 40
Increased Positions 49
Decreased Positions 51
Positions with Activity 100
Sold Out Positions 26
Total Mkt Value
(in $ millions)
223

Sector Weighting

Basic Materials 1.6%
Capital Goods 0.92%
Conglomerates 0.07%
Consumer Cyclical 6.94%
Consumer/Non-Cyclical 1.73%
Energy 25.79%
Financial 19.64%
Healthcare 0.75%
Services 19.75%
Technology 20.08%
Transportation 0.61%
Utilities 1.43%

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

293 Positions as of 09/30/2012

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
COMERICA INC COM 370 New 9,500
V F CORP COM 368 -184 (33.33) 2,000
VISA INC COM CL A 361 New 2,000
SEADRILL LIMITED SHS 359 -160 (30.77) 9,000
LOEWS CORP COM 358 New 7,800
ROPER INDS INC NEW COM 357 New 2,900
OI S.A. SPN ADR REP PFD 348 New 160,194
AMERICAN EXPRESS CO COM 339 New 4,500
BRF SA SPONSORED ADR 335 -431 (56.25) 14,000
D R HORTON INC COM 335 335 New 13,000
WILLIAMS COS INC DEL COM 330 New 9,000
KINDER MORGAN INC DEL COM 330 New 8,123
CENTRAIS ELETRICAS BRASILEIRAS SPON ADR PFD B 327 New 60,000
CME GROUP INC COM 323 323 New 5,000
WYNDHAM WORLDWIDE CORP COM 321 New 5,300
EQUIFAX INC COM 312 312 New 5,100
COSTCO WHSL CORP NEW COM 309 -309 (50) 2,700
PEPSICO INC COM 306 306 New 3,700
ECOLAB INC COM 305 305 New 3,500
CROWN CASTLE INTL CORP COM 295 295 New 4,000

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