13F-HR 1 v231987_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: June 30, 2011 ----------------------------- 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: Ian Rose -------------------------------------------------------------------- Title: General Counsel -------------------------------------------------------------------- Phone: (858) 755-0239 -------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Ian Rose San Diego, CA 08/12/11 -------------------- ------------------------- ------------ [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: 189 ------------------------- Form 13F Information Table Value Total: $14,108,544 ------------------------- (thousands)

------------------------------------------------------------------------------------------------------------------------------------ AMT Voting Voting Voting ISSUER Value PRN Investment Other Authority Authority Authority ISSUER NAME DESCRIPTION CUSIP (In $1,000s) Quantity CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ABINGTON BANCORP INC COM 00350L109 $148 14,210 SH Sole 14,210 ADVANCED MICRO DEVICES INC COM 007903107 $94 13,500 SH Sole 13,500 AEGON N V NY REGISTRY SH 007924103 $121,815 17,914,007 SH Sole 17,914,007 ALCATEL-LUCENT SPONSORED ADR 013904305 $64,550 11,187,180 SH Sole 11,187,180 ALEXANDER & BALDWIN INC COM 014482103 $8,786 182,440 SH Sole 182,440 AMEDISYS INC COM 023436108 $382 14,350 SH Sole 14,350 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 $1,909 35,436 SH Sole 35,436 AON CORP COM 037389103 $9,140 178,169 SH Sole 178,169 ARCHER DANIELS MIDLAND CO COM 039483102 $11,434 379,223 SH Sole 379,223 ARGO GROUP INTL HLDGS LTD COM G0464B107 $16,440 553,163 SH Sole 553,163 ARLINGTON ASSET INVT CORP CL A NEW 041356205 $208 6,619 SH Sole 6,619 ASTRAZENECA PLC SPONSORED ADR 046353108 $174,825 3,491,618 SH Sole 3,491,618 AT&T INC COM 00206R102 $278,975 8,881,727 SH Sole 8,881,727 BAKER MICHAEL CORP COM 057149106 $221 10,465 SH Sole 10,465 BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 $41,329 3,529,353 SH Sole 3,529,353 BANK MONTREAL QUE COM 063671101 $692 10,890 SH Sole 10,890 BANK OF AMERICA CORPORATION COM 060505104 $226,018 20,622,038 SH Sole 20,622,038 BARCLAYS PLC ADR 06738E204 $44,424 2,703,857 SH Sole 2,703,857 BB&T CORP COM 054937107 $121,296 4,519,223 SH Sole 4,519,223 BIGBAND NETWORKS INC COM 089750509 $1,163 536,107 SH Sole 536,107 BOSTON SCIENTIFIC CORP COM 101137107 $169,388 24,513,419 SH Sole 24,513,419 BP PLC SPONSORED ADR 055622104 $51,915 1,172,169 SH Sole 1,172,169 BRASIL TELECOM SA SPONS ADR PFD 10553M101 $128,627 4,488,023 SH Sole 4,488,023 BRASIL TELECOM SA SPON ADR COM 10553M200 $29,278 2,715,954 SH Sole 2,715,954 BRIGGS & STRATTON CORP COM 109043109 $14,262 718,123 SH Sole 718,123 CAL MAINE FOODS INC COM NEW 128030202 $966 30,220 SH Sole 30,220 CALLAWAY GOLF CO COM 131193104 $73 11,730 SH Sole 11,730 CANON INC ADR 138006309 $175,922 3,696,611 SH Sole 3,696,611 CAPITOL FED FINL INC COM 14057J101 $4,668 396,966 SH Sole 396,966 CELESTICA INC SUB VTG SHS 15101Q108 $1,772 202,270 SH Sole 202,270 CEMEX SAB DE CV SPON ADR NEW 151290889 $349,493 40,638,775 SH Sole 40,638,775 CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 $390,256 28,907,846 SH Sole 28,907,846 CHESAPEAKE ENERGY CORP COM 165167107 $296,133 9,974,153 SH Sole 9,974,153 CHEVRON CORP NEW COM 166764100 $274,359 2,667,822 SH Sole 2,667,822 CHICOPEE BANCORP INC COM 168565109 $218 15,210 SH Sole 15,210 CHINA MOBILE LIMITED SPONSORED ADR 16941M109 $6,813 145,630 SH Sole 145,630 CHINA YUCHAI INTL LTD COM G21082105 $10,377 491,817 SH Sole 491,817 CINCINNATI BELL INC NEW COM 171871106 $48 14,400 SH Sole 14,400 CINCINNATI FINL CORP COM 172062101 $5,500 188,478 SH Sole 188,478 CISCO SYS INC COM 17275R102 $10,124 648,574 SH Sole 648,574 CITIGROUP INC COM NEW 172967424 $218,469 5,246,623 SH Sole 5,246,623 COLE KENNETH PRODTNS INC CL A 193294105 $2,164 173,260 SH Sole 173,260 COMCAST CORP NEW CL A SPL 20030N200 $12,315 508,238 SH Sole 508,238 COMFORT SYS USA INC COM 199908104 $504 47,520 SH Sole 47,520 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 $10,451 175,149 SH Sole 175,149 COMTECH TELECOMMUNICATIONS C COM NEW 205826209 $529 18,860 SH Sole 18,860 CONOCOPHILLIPS COM 20825C104 $4,210 55,992 SH Sole 55,992 CORELOGIC INC COM 21871D103 $529 31,645 SH Sole 31,645 CORNING INC COM 219350105 $212,919 11,731,088 SH Sole 11,731,088 CRH PLC ADR 12626K203 $62,511 2,775,813 SH Sole 2,775,813 CUTERA INC COM 232109108 $365 42,735 SH Sole 42,735 CYNOSURE INC CL A 232577205 $949 78,408 SH Sole 78,408 D R HORTON INC COM 23331A109 $9,957 864,326 SH Sole 864,326 DELL INC COM 24702R101 $255,201 15,309,021 SH Sole 15,309,021 DEUTSCHE BANK AG NAMEN AKT D18190898 $34,735 586,345 SH Sole 586,345 DEUTSCHE BANK AG NAMEN AKT D18190898 $108,395 1,839,384 SH Sole 1,839,384 DIAGEO P L C SPON ADR NEW 25243Q205 $6,693 81,750 SH Sole 81,750 EMBRAER S A SP ADR REP 4 COM 29082A107 $19,677 639,274 SH Sole 639,274 ENI S P A SPONSORED ADR 26874R108 $262,465 5,519,767 SH Sole 5,519,767 ERICSSON L M TEL CO ADR B SEK 10 294821608 $144,747 10,065,839 SH Sole 10,065,839 EVEREST RE GROUP LTD COM G3223R108 $11,919 145,804 SH Sole 145,804 FIDELITY NATIONAL FINANCIAL CL A 31620R105 $16,797 1,067,152 SH Sole 1,067,152 FIFTH THIRD BANCORP COM 316773100 $4,310 338,047 SH Sole 338,047 FIRST AMERN FINL CORP COM 31847R102 $2,782 177,763 SH Sole 177,763 FLEXTRONICS INTL LTD ORD Y2573F102 $172,076 26,803,101 SH Sole 26,803,101 FRANCE TELECOM SPONSORED ADR 35177Q105 $200,713 9,427,589 SH Sole 9,427,589 FRESH DEL MONTE PRODUCE INC ORD G36738105 $837 31,365 SH Sole 31,365 GALLAGHER ARTHUR J & CO COM 363576109 $6,221 217,982 SH Sole 217,982 GENERAL ELECTRIC CO COM 369604103 $241,258 12,792,037 SH Sole 12,792,037 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 $201,068 4,686,894 SH Sole 4,686,894 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 $4,711 191,493 SH Sole 191,493 HAMPDEN BANCORP INC COM 40867E107 $207 15,625 SH Sole 15,625 HEWLETT PACKARD CO COM 428236103 $16,490 453,032 SH Sole 453,032 HOME BANCORP INC COM 43689E107 $805 54,402 SH Sole 54,402 HONDA MOTOR LTD AMERN SHS 438128308 $127,228 3,295,201 SH Sole 3,295,201 HSBC HLDGS PLC SPON ADR NEW 404280406 $8,643 174,192 SH Sole 174,192 INGRAM MICRO INC CL A 457153104 $18,476 1,018,533 SH Sole 1,018,533 INTEL CORP COM 458140100 $285,438 12,880,767 SH Sole 12,880,767 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 $680 10,590 SH Sole 10,590 INVESTORS BANCORP INC COM 46146P102 $286 20,160 SH Sole 20,160 JAKKS PAC INC COM 47012E106 $5,755 312,607 SH Sole 312,607 JONES GROUP INC COM 48020T101 $10,066 927,720 SH Sole 927,720 JPMORGAN CHASE & CO COM 46625H100 $11,074 270,489 SH Sole 270,489 KANSAS CITY LIFE INS CO COM 484836101 $252 8,080 SH Sole 8,080 KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 $9,012 188,541 SH Sole 188,541 KB HOME COM 48666K109 $5,885 601,745 SH Sole 601,745 KEYCORP NEW COM 493267108 $71,904 8,631,891 SH Sole 8,631,891 KOREA ELECTRIC PWR SPONSORED ADR 500631106 $175,119 13,196,628 SH Sole 13,196,628 KRAFT FOODS INC CL A 50075N104 $11,729 332,917 SH Sole 332,917 KROGER CO COM 501044101 $202,610 8,169,757 SH Sole 8,169,757 KT CORP SPONSORED ADR 48268K101 $20,674 1,063,486 SH Sole 1,063,486 LEGACY BANCORP INC CL A 52463G105 $202 14,637 SH Sole 14,637 LENNAR CORP CL A 526057104 $10,165 560,061 SH Sole 560,061 LENNAR CORP CL B 526057302 $4,490 305,841 SH Sole 305,841 LILLY ELI & CO COM 532457108 $236,520 6,302,145 SH Sole 6,302,145 LOWES COS INC COM 548661107 $232,376 9,968,940 SH Sole 9,968,940 M D C HLDGS INC COM 552676108 $458 18,605 SH Sole 18,605 MAGNA INTL INC COM 559222401 $6,741 124,742 SH Sole 124,742 MAGNA INTL INC COM 559222401 $2,627 48,600 SH Sole 48,600 MANULIFE FINL CORP COM 56501R106 $2,312 130,620 SH Sole 130,620 MARSH & MCLENNAN COS INC COM 571748102 $181,007 5,803,362 SH Sole 5,803,362 MARSHALL & ILSLEY CORP NEW COM 571837103 $703 88,254 SH Sole 88,254 MASCO CORP COM 574599106 $165,132 13,726,658 SH Sole 13,726,658 MERCK & CO INC NEW COM 58933Y105 $179,963 5,099,549 SH Sole 5,099,549 MI DEVS INC CL A SUB VTG 55304X104 $1,165 38,297 SH Sole 38,297 MICROSOFT CORP COM 594918104 $468,597 18,022,955 SH Sole 18,022,955 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 $106,046 21,955,780 SH Sole 21,955,780 MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 $88,114 26,864,140 SH Sole 26,864,140 MOLSON COORS BREWING CO CL B 60871R209 $9,366 209,341 SH Sole 209,341 NATIONAL WESTN LIFE INS CO CL A 638522102 1268.74 7,956 SH Sole 7,956 NATUZZI S P A ADR 63905A101 $4,655 1,322,558 SH Sole 1,322,558 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 $252,150 10,428,032 SH Sole 10,428,032 NOKIA CORP SPONSORED ADR 654902204 $71,622 11,156,085 SH Sole 11,156,085 NORTEL INVERSORA S A SPON ADR PFD B 656567401 $18,584 649,320 SH Sole 649,320 NV ENERGY INC COM 67073Y106 $170 11,075 SH Sole 11,075 OCEAN SHORE HLDG CO NEW COM 67501R103 $1,330 110,121 SH Sole 110,121 OFFICEMAX INC DEL COM 67622P101 $2,104 267,975 SH Sole 267,975 OLD REP INTL CORP COM 680223104 $12,050 1,025,514 SH Sole 1,025,514 OSHKOSH CORP COM 688239201 $11,096 383,414 SH Sole 383,414 PALOMAR MED TECHNOLOGIES INC COM NEW 697529303 $400 35,495 SH Sole 35,495 PARTNER COMMUNICATIONS CO LT ADR 70211M109 $3,667 245,791 SH Sole 245,791 PEOPLES UNITED FINANCIAL INC COM 712704105 $6,940 516,394 SH Sole 516,394 PETROCHINA CO LTD SPONSORED ADR 71646E100 $3,128 21,422 SH Sole 21,422 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 $355,726 11,594,726 SH Sole 11,594,726 PFIZER INC COM 717081103 $355,121 17,238,865 SH Sole 17,238,865 PNC FINL SVCS GROUP INC COM 693475105 $136,760 2,294,248 SH Sole 2,294,248 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 $103,000 10,467,512 SH Sole 10,467,512 POSCO SPONSORED ADR 693483109 $14,194 130,680 SH Sole 130,680 PPL CORP COM 69351T106 $9,494 341,158 SH Sole 341,158 PROCTER & GAMBLE CO COM 742718109 $13,254 208,488 SH Sole 208,488 PUBLIC SVC ENTERPRISE GROUP COM 744573106 $9,121 279,436 SH Sole 279,436 PULTE GROUP INC COM 745867101 $16,056 2,096,052 SH Sole 2,096,052 QLT INC COM 746927102 $568 79,000 SH Sole 79,000 QUIKSILVER INC COM 74838C106 $402 85,460 SH Sole 85,460 REGIONS FINANCIAL CORP NEW COM 7591EP100 $24,113 3,889,231 SH Sole 3,889,231 RENT A CTR INC NEW COM 76009N100 $789 25,805 SH Sole 25,805 RYLAND GROUP INC COM 783764103 $1,868 112,985 SH Sole 112,985 SAFEWAY INC COM NEW 786514208 $242,336 10,369,525 SH Sole 10,369,525 SAIA INC COM 78709Y105 $304 17,960 SH Sole 17,960 SANOFI SPONSORED ADR 80105N105 $226,416 5,636,434 SH Sole 5,636,434 SEAGATE TECHNOLOGY PLC SHS G7945M107 $9,841 608,960 SH Sole 608,960 SENECA FOODS CORP NEW CL A 817070501 $4,046 158,151 SH Sole 158,151 SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 $3,859 40,222 SH Sole 40,222 SIERRA WIRELESS INC COM 826516106 $5,590 478,150 SH Sole 478,150 SK TELECOM LTD SPONSORED ADR 78440P108 $246,973 13,207,098 SH Sole 13,207,098 SONY CORP ADR NEW 835699307 $120,327 4,559,563 SH Sole 4,559,563 SPARTECH CORP COM NEW 847220209 $1,104 181,255 SH Sole 181,255 ST JOE CO COM 790148100 $5,077 243,602 SH Sole 243,602 STANLEY BLACK & DECKER INC COM 854502101 $22,132 307,180 SH Sole 307,180 STEWART INFORMATION SVCS COR COM 860372101 $2,001 199,540 SH Sole 199,540 STMICROELECTRONICS N V NY REGISTRY 861012102 $114,505 11,496,499 SH Sole 11,496,499 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 $89,710 14,587,008 SH Sole 14,587,008 SUNTRUST BKS INC COM 867914103 $2,556 99,054 SH Sole 99,054 SUPERVALU INC COM 868536103 $57,631 6,124,421 SH Sole 6,124,421 SYMANTEC CORP COM 871503108 $12,800 649,109 SH Sole 649,109 SYNERON MEDICAL LTD ORD SHS M87245102 $12,288 1,013,027 SH Sole 1,013,027 TE CONNECTIVITY LTD REG SHS H84989104 $545,087 14,828,258 SH Sole 14,828,258 TECUMSEH PRODS CO CL A 878895200 $1,668 163,562 SH Sole 163,562 TECUMSEH PRODS CO CL B 878895101 $136 13,704 SH Sole 13,704 TELE NORTE LESTE PART S A SPON ADR PFD 879246106 $178,413 11,480,910 SH Sole 11,480,910 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 $30,548 3,024,560 SH Sole 3,024,560 TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 $238,019 17,123,694 SH Sole 17,123,694 TELECOMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 $168,071 5,658,946 SH Sole 5,658,946 TELEFONICA S A SPONSORED ADR 879382208 $78,418 3,202,060 SH Sole 3,202,060 TELEFONOS DE MEXICO S A B SPON ADR ORD L 879403780 $290,643 17,614,709 SH Sole 17,614,709 TELLABS INC COM 879664100 $52 11,300 SH Sole 11,300 TELUS CORP NON-VTG SHS 87971M202 $1,039 19,730 SH Sole 19,730 TEXAS INSTRS INC COM 882508104 $9,111 277,525 SH Sole 277,525 TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 $93,608 1,902,216 SH Sole 1,902,216 TOTAL S A SPONSORED ADR 89151E109 $241,593 4,176,920 SH Sole 4,176,920 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 $193,656 2,349,628 SH Sole 2,349,628 TRAVELERS COMPANIES INC COM 89417E109 $11,844 202,880 SH Sole 202,880 U S G CORP COM NEW 903293405 $13,569 946,251 SH Sole 946,251 UBS AG SHS NEW H89231338 $150,512 8,264,915 SH Sole 8,264,915 UBS AG SHS NEW H89231338 $38,919 2,131,383 SH Sole 2,131,383 UNILEVER N V N Y SHS NEW 904784709 $196,898 5,993,844 SH Sole 5,993,844 UNILEVER PLC SPON ADR NEW 904767704 $3,026 93,416 SH Sole 93,416 UTSTARCOM INC COM 918076100 $199 127,307 SH Sole 127,307 VALERO ENERGY CORP NEW COM 91913Y100 $236,169 9,236,187 SH Sole 9,236,187 VERIZON COMMUNICATIONS INC COM 92343V104 $22,873 614,369 SH Sole 614,369 VITRAN CORP INC COM 92850E107 $1,443 113,608 SH Sole 113,608 VITRAN CORP INC COM 92850E107 $1,615 124,070 SH Sole 124,070 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 $44,670 1,671,772 SH Sole 1,671,772 WAL MART STORES INC COM 931142103 $6,982 131,397 SH Sole 131,397 WELLS FARGO & CO NEW COM 949746101 $259,684 9,254,607 SH Sole 9,254,607 WESTERN DIGITAL CORP COM 958102105 $255,400 7,020,343 SH Sole 7,020,343 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 $19,736 480,086 SH Sole 480,086 WINNEBAGO INDS INC COM 974637100 $232 23,985 SH Sole 23,985 XEROX CORP COM 984121103 $213,990 20,556,225 SH Sole 20,556,225