13F-HR 1 v018088_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2005 ------------------------ Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding entries. Institutional Investment Manager Filing this Report: Name: Brandes Investment Partners, L.P. ----------------------------------------------------------------- Address: 11988 El Camino Real, Suite 500 ----------------------------------------------------------------- San Diego, CA 92130 ----------------------------------------------------------------- ----------------------------------------------------------------- Form 13F File Number: 28- 5620 --------------------- 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: Adelaide Pund --------------------------------------------------------------- Title: Head of Compliance --------------------------------------------------------------- Phone: (858) 755-0239 --------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Adelaide Pund San Diego, CA 5/12/05 ----------------------------- ------------------------------ ------------ [Signature] [City, State] [Date] Report type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager (s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Report Summary: Number of Other Included Managers: 0 ------------------------ Form 13F Information Table Entry Total: 226 ------------------------ Form 13F Information Table Value Total: $ 41,429,820 ------------------------ (thousands)

----------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PR/ INVESTMENT OTHER VOTING AUTHORITY OF (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE CLASS ----------------------------------------------------------------------------------------------------------------------------------- ABN AMRO HLDG NV SPONSORED ADR 000937102 491491 20402264 SH Sole 20402264 AMR CORP COM 001765106 87644 7903016 SH Sole 7903016 AT&T CORP COM NEW 001957505 240 12570 SH Sole 12570 ADAPTEC INC COM 00651F108 15381 4471348 SH Sole 4471348 ADMINISTRADORA FONDOS PENSIO SPONSORED ADR 00709P108 4490 169690 SH Sole 169690 AEGON N V ORD AMER REG 007924103 500637 39389252 SH Sole 39389252 AFTERMARKET TECHNOLOGY CORP COM 008318107 4888 319910 SH Sole 319910 AGERE SYS INC CL B 00845V209 86447 70282200 SH Sole 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202224 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 567215 35517559 SH Sole 35517559 BANCO SANTANDER CENT HISPANO ADR 05964H105 214604 17779946 SH Sole 17779946 BELDEN CDT INC COM 077454106 12416 681848 SH Sole 681848 BELLSOUTH CORP COM 079860102 1091659 41179124 SH Sole 41179124 BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 264552 7724151 SH Sole 7724151 BRILLIANCE CHINA AUTO HLDG L SPONSORED ADR 10949Q105 2152 126640 SH Sole 126640 BRISTOL MYERS SQUIBB CO COM 110122108 1066677 40373827 SH Sole 40373827 BUHRMANN N V SPONSORED ADR 12007Q100 39795 4431502 SH Sole 4431502 CAE INC COM 124765108 6412 1389380 SH Sole 1389380 CIT GROUP INC COM 125581108 101029 2509407 SH Sole 2509407 CNA FINL CORP COM 126117100 11075 388599 SH Sole 388599 CALLAWAY GOLF CO COM 131193104 12958 1151860 SH Sole 1151860 CELESTICA INC SUB VTG SHS 15101Q108 55820 4841278 SH Sole 4841278 CELESTICA INC SUB VTG SHS 15101Q108 7691 667300 SH Sole 667300 CEMEX S A SPON ADR 5 ORD 151290889 6376 167264 SH 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Sole 24988603 DELTA AIR LINES INC DEL COM 247361108 49866 15632038 SH Sole 15632038 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 751067 39529830 SH Sole 39529830 DIAGEO PLC SPON ADR NEW 25243Q205 18601 307053 SH Sole 307053 DILLARDS INC CL A 254067101 11040 466218 SH Sole 466218 DYNEGY INC NEW CL A 26816Q101 32627 9164822 SH Sole 9164822 E ON AG SPONSORED ADR 268780103 154093 5372846 SH Sole 5372846 EL PASO CORP COM 28336L109 531191 51472036 SH Sole 51472036 ELECTRONIC DATA SYS NEW COM 285661104 462520 23890474 SH Sole 23890474 ELECTRONICS FOR IMAGING INC COM 286082102 17353 1016580 SH Sole 1016580 EMBRATEL PARTICIPACOES S A SP ADR PFD NEW 29081N209 730 80610 SH Sole 80610 ENDESA S A SPONSORED ADR 29258N107 32493 1461686 SH Sole 1461686 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 93061 695576 SH Sole 695576 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 9277 69290 SH Sole 69290 FEDERAL SIGNAL CORP COM 313855108 3385 239065 SH Sole 239065 FLEETWOOD ENTERPRISES INC COM 339099103 5294 670175 SH Sole 670175 FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1340 25860 SH Sole 25860 FORD MTR CO DEL COM PAR $0.01 345370860 592730 57770911 SH Sole 57770911 FRANCE TELECOM SPONSORED ADR 35177Q105 395046 13225507 SH Sole 13225507 FUJI PHOTO FILM LTD ADR 359586302 290304 8791759 SH Sole 8791759 GATEWAY INC COM 367626108 12654 3678370 SH Sole 3678370 GENERAL MTRS CORP COM 370442105 984632 30683442 SH Sole 30683442 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 810091 15757453 SH Sole 15757453 GOODYEAR TIRE & RUBR CO COM 382550101 400123 31065414 SH Sole 31065414 GRUPO FINANCIARO GALICIA S A SP ADR 10 SH B 399909100 6731 826937 SH Sole 826937 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 857 14773 SH Sole 14773 GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 3783 124580 SH Sole 124580 HELLENIC TELECOM ORGANIZATN SPONSORED ADR 423325307 45983 4944382 SH Sole 4944382 HEWLETT PACKARD CO COM 428236103 517179 24592433 SH Sole 24592433 HITACHI LIMITED ADR 10 COM 433578507 675166 11282858 SH Sole 11282858 IKON OFFICE SOLUTIONS INC COM 451713101 59753 6767081 SH Sole 6767081 IMPERIAL CHEM INDS PLC ADR NEW 452704505 127859 6335938 SH Sole 6335938 INDUSTRIAS BACHOCO S A DE C SP ADR B&L SHS 456463108 1756 111510 SH Sole 111510 ING GROUP N V SPONSORED ADR 456837103 246519 8848508 SH Sole 8848508 JPMORGAN & CHASE & CO COM 46625H100 418615 11624974 SH Sole 11624974 KMG AMER CORP COM 482563103 6817 725180 SH Sole 725180 KT CORP SPONSORED ADR 48268K101 858840 42120632 SH Sole 42120632 K2 INC COM 482732104 12363 981995 SH Sole 981995 KANSAS CITY LIFE INS CO COM 484836101 6336 137295 SH Sole 137295 KELLY SVCS INC CL A 488152208 19154 710710 SH Sole 710710 KEMET CORP COM 488360108 40958 6340291 SH Sole 6340291 KIMBALL INTL INC CL B 494274103 4692 392010 SH Sole 392010 KINGSWAY FINL SVCS INC COM 496904103 14504 898645 SH Sole 898645 KINGSWAY FINL SVCS INC COM 496904103 8673 537620 SH Sole 537620 KONINKLIJKE AHOLD N V SPON ADR NEW 500467303 525089 66890353 SH Sole 66890353 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MARSH & MCLENNAN COS INC COM 571748102 3681 123809 SH Sole 123809 MATSUSHITA ELEC INDL ADR 576879209 382454 24770335 SH Sole 24770335 MATTEL INC COM 577081102 36482 1999029 SH Sole 1999029 MAYTAG CORP COM 578592107 66863 6435345 SH Sole 6435345 MERCK & CO INC COM 589331107 1386653 39732183 SH Sole 39732183 MICRON TECHNOLOGY INC COM 595112103 678087 67944568 SH Sole 67944568 MILLEA HOLDINGS INC ADR 60032R106 577554 8238997 SH Sole 8238997 MITSUBISHI TOKYO FINL GROUP SPONSORED ADR 606816106 599174 68477066 SH Sole 68477066 MOLSON COORS BREWING CO CL B 60871R209 13071 208436 SH Sole 208436 MOTOROLA INC COM 620076109 22739 1448355 SH Sole 1448355 MYERS INDS INC COM 628464109 1228 125793 SH Sole 125793 NACCO INDS INC CL A 629579103 13231 125730 SH Sole 125730 NATIONAL R V HLDGS INC COM 637277104 7356 766245 SH Sole 766245 NATIONAL WESTN LIFE INS CO CL A 638522102 8170 47752 SH Sole 47752 NATIONAL WESTMINSTER BK PLC ADR REP PREF B 638539700 411 16057 SH Sole 16057 NATIONWIDE FINL SVCS INC CL A 638612101 64553 1790166 SH Sole 1790166 NATUZZI S P A ADR 63905A101 22241 2420122 SH Sole 2420122 NEWELL RUBBERMAID INC COM 651229106 78763 3604704 SH Sole 3604704 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 719924 34380337 SH Sole 34380337 NORTEL NETWORKS CORP NEW COM 656568102 31427 13094520 SH Sole 13094520 NORTEL NETWORKS CORP NEW COM 656568102 3265 1360670 SH Sole 1360670 OCA INC COM 67083Q101 10887 2598334 SH Sole 2598334 OCTEL CORP COM 675727101 6026 321045 SH Sole 321045 POSCO SPONSORED ADR 693483109 5882 124230 SH Sole 124230 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V101 166851 4316967 SH Sole 4316967 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1193 27162 SH Sole 27162 PFIZER INC COM 717081103 915552 32933522 SH Sole 32933522 PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 1938 74553 SH Sole 74553 PHOENIX COS INC NEW COM 71902E109 61805 5538099 SH Sole 5538099 PLAYTEX PRODS INC COM 72813P100 28294 2723200 SH Sole 2723200 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 436554 38839300 SH Sole 38839300 QUEBECOR WORLD INC COM NON-VTG 748203106 41328 1855773 SH Sole 1855773 QUEBECOR WORLD INC COM NON-VTG 748203106 10643 478050 SH Sole 478050 QUILMES INDL QUINSA SOCIETE SP ADR CL B 74838Y207 3862 160466 SH Sole 160466 QUINENCO S A SPONSORED ADR 748718103 976 83140 SH Sole 83140 RENT A CTR INC NEW COM 76009N100 1637 68150 SH Sole 68150 REYNOLDS AMERICAN INC COM 761713106 20906 260679 SH Sole 260679 ROYAL GROUP TECHNOLOGIES LTD SUB VTG SH 779915107 66914 6821006 SH Sole 6821006 ROYAL GROUP TECHNOLOGIES LTD SUB VTG SH 779915107 18897 1928382 SH Sole 1928382 ROYAL & SUN ALLIANCE INS SPON ADR NEW 78004V202 104485 13802506 SH Sole 13802506 RUSSELL CORP COM 782352108 4416 248667 SH Sole 248667 RYERSON TULL INC NEW COM 78375P107 7789 529891 SH Sole 529891 SBC COMMUNICATIONS INC COM 78387G103 716989 30150908 SH Sole 30150908 SK TELECOM LTD SPONSORED ADR 78440P108 11917 593458 SH Sole 593458 SPSS INC COM 78462K102 8969 547554 SH Sole 547554 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SH Sole 463186 UNIBANCO-UNIAO DE BANCOS BRA GDR REP PFD UT 90458E107 5811 164841 SH Sole 164841 UNILEVER PLC SPON ADR NEW 904767704 70041 1784931 SH Sole 1784931 UNILEVER N V NY SHS NEW 904784709 1016815 15443734 SH Sole 15443734 UNION PAC CORP COM 907818108 1021 15780 SH Sole 15780 UNISYS CORP COM 909214108 384185 57341074 SH Sole 57341074 UNITED MICROELECTRONICS CORP SPONSORED ADR 910873207 8040 2399984 SH Sole 2399984 UNUMPROVIDENT CORP COM 91529Y106 154677 8966780 SH Sole 8966780 UTSTARCOM INC COM 918076100 39725 4078495 SH Sole 4078495 VAN DER MOOLEN HLDG N.V. 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