13F-HR 1 t306794.txt NWQ 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, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding's entries Institutional Investment Manager Filing this Report: Name: NWQ INVESTMENT MANAGEMENT CO, LLC Address: 2049 Century Park East 16th Floor Los Angeles, CA 90067 13F File Number: 028-01474 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: Jon D. Bosse Title: Chief Investment Officer Phone: 310-712-4000 Signature, Place, and Date of Signing: Jon D. Bosse, Los Angeles, CA 5/14/2012 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Nuveen Investments, Inc. 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: 1 Form 13F Information Table Entry Total: 142 Form 13F Information Table Value Total: $14,952,726,015 List of Other Included Managers: No. 13F File Number Name 1 - 028-11405 -- Nuveen Investments, Inc.

TITLE OF SH NAME OF ISSUER CLASS CUSIP NO 13F Value Shares PRN INVT OTHER SOLE SHARED NONE ----------------------------------------------- Albany International Corp COM 012348108 19,894,195.00 864,965. SH DEFINED 1 624,465. 0 240,500. ----------------------------------------------- Allied World Assurance Co Holdings AG COM H01531104 32,276,893.92 468,528. SH DEFINED 1 395,478. 0 73,050. ----------------------------------------------- Alpha Natural Resources Inc COM 02076X102 12,856,205.6623 823,361. SH DEFINED 1 17,000. 0 806,361. ----------------------------------------------- Alterra Capital Holdings Ltd COM G0229R108 12,488,950.16 533,944. SH DEFINED 1 456,344. 0 77,600. ----------------------------------------------- AngloGold Ashanti Ltd ADR 035128206 460,579,280.47 12,417,883. SH DEFINED 1 10,468,596. 0 1,949,287. ----------------------------------------------- Annaly Capital Management Inc REIT 035710409 6,113,030.00 385,000. SH DEFINED 1 385,000. 0 . ----------------------------------------------- Aon PLC COM 037389103 133,977,806.82 2,730,897. SH DEFINED 1 2,475,947. 0 254,950. ----------------------------------------------- Apache Corp COM 037411105 570,080,973.00 5,608,825. SH DEFINED 1 4,519,442. 0 1,089,383. ----------------------------------------------- Arch Coal Inc COM 039380100 14,228,236.80 1,301,760. SH DEFINED 1 558,960. 0 742,800. ----------------------------------------------- Arrow Electronics Inc COM 042735100 18,965,193.36 453,279. SH DEFINED 1 438,879. 0 14,400. ----------------------------------------------- Ashford Hospitality Trust Inc PUBLIC 044103505 4,441,878.81 171,900. SH DEFINED 1 171,900. 0 . ----------------------------------------------- Aspen Insurance Holdings Ltd COM G05384105 16,927,963.35 596,265. SH DEFINED 1 426,915. 0 169,350. ----------------------------------------------- AuRico Gold Inc COM 05155C105 68,018,395.24 7,425,589. SH DEFINED 1 6,727,056. 0 698,533. ----------------------------------------------- Aurizon Mines Ltd COM 05155P106 17,641,744.15 3,507,305. SH DEFINED 1 2,975,855. 0 531,450. ----------------------------------------------- Avnet Inc COM 053807103 19,969,387.65 547,857. SH DEFINED 1 533,057. 0 14,800. ----------------------------------------------- Baker Hughes Inc COM 057224107 6,250,649.23 147,700. SH DEFINED 1 7,200. 0 140,500. ----------------------------------------------- Preferred- Bank of America Corp Cnv 060505682 1,380,249.00 1,410. SH DEFINED 1 1,410. 0 . ----------------------------------------------- Barrick Gold Corp COM 067901108 354,246,959.16 7,997,448. SH DEFINED 1 6,669,256. 0 1,328,192. ----------------------------------------------- Bob Evans Farms Inc/DE COM 096761101 50,751,687.44 1,343,348. SH DEFINED 1 1,132,602. 0 210,746. ----------------------------------------------- Brocade Communications Systems Inc COM 111621306 30,743,438.31 5,365,347. SH DEFINED 1 4,555,147. 0 810,200. ----------------------------------------------- Buckeye Technologies Inc COM 118255108 5,179,413.54 151,711. SH DEFINED 1 111,611. 0 40,100. ----------------------------------------------- CA Inc COM 12673P105 825,329,828.88 29,677,448. SH DEFINED 1 25,135,309. 0 4,542,139. ----------------------------------------------- Canadian Natural Resources Ltd COM 136385101 405,136,307.92 11,873,866. SH DEFINED 1 9,027,390. 0 2,846,476. ----------------------------------------------- Capital One Financial Corp COM 14040H105 28,223,124.96 496,900. SH DEFINED 1 385,500. 0 111,400. ----------------------------------------------- Carrizo Oil & Gas Inc COM 144577103 58,995,120.582 2,057,443. SH DEFINED 1 1,039,063. 0 1,018,380. ----------------------------------------------- Casey's General Stores Inc COM 147528103 11,997,992.16 216,414. SH DEFINED 1 183,004. 0 33,410. ----------------------------------------------- CIRCOR International Inc COM 17273K109 23,187,190.93 696,103. SH DEFINED 1 585,653. 0 110,450. ----------------------------------------------- Cisco Systems Inc COM 17275R102 473,049,926.25 22,261,173. SH DEFINED 1 18,744,387. 0 3,516,786. ----------------------------------------------- Citigroup Inc COM 172967424 450,354,453.28 12,191,512. SH DEFINED 1 10,248,610. 0 1,942,902. ----------------------------------------------- Clearwater Paper Corp COM 18538R103 16,743,847.06 507,697. SH DEFINED 1 487,297. 0 20,400. ----------------------------------------------- Coherent Inc COM 192479103 33,599,754.39 571,133. SH DEFINED 1 487,788. 0 83,345. ----------------------------------------------- CommonWealth REIT PUBLIC 203233606 1,776,600.00 70,000. SH DEFINED 1 70,000. 0 . ----------------------------------------------- Convergys Corp COM 212485106 61,939,092.85 4,611,995. SH DEFINED 1 4,158,656. 0 453,339. ----------------------------------------------- CVS Caremark Corp COM 126650100 291,001,336.512 6,472,680. SH DEFINED 1 5,400,441. 0 1,072,239. ----------------------------------------------- Delphi Automotive PLC COM G27823106 10,601,174.25 336,225. SH DEFINED 1 321,290. 0 14,935. ----------------------------------------------- Deltic Timber Corp COM 247850100 16,788,063.60 262,724. SH DEFINED 1 221,924. 0 40,800. ----------------------------------------------- Denbury Resources Inc COM 247916208 93,194,369.10 4,930,919. SH DEFINED 1 2,644,390. 0 2,286,529. ----------------------------------------------- Elizabeth Arden Inc COM 28660G106 47,847,280.80 1,334,280. SH DEFINED 1 1,126,331. 0 207,949. ----------------------------------------------- Entegris Inc COM 29362U104 12,773,651.55 1,357,455. SH DEFINED 1 971,905. 0 385,550. ----------------------------------------------- Exxon Mobil Corp COM 30231G102 880,024.6605 10,055. SH DEFINED 1 10,055. 0 . ----------------------------------------------- FBR & Co COM 30247C301 12,729,503.80 4,895,963. SH DEFINED 1 4,723,751. 0 172,212. ----------------------------------------------- FEI Co COM 30241L109 6,831,983.34 139,031. SH DEFINED 1 133,381. 0 5,650. ----------------------------------------------- Forestar Group Inc COM 346233109 48,828,892.20 3,148,220. SH DEFINED 1 2,664,349. 0 483,871. ----------------------------------------------- Freeport-McMoRan Copper & Gold Inc COM 35671D857 5,546,815.10 140,825. SH DEFINED 1 140,825. 0 . ----------------------------------------------- Frontier Communications Corp COM 35906A108 3,230,658.61 753,946. SH DEFINED 1 753,946. 0 . ----------------------------------------------- General Electric Co COM 369604103 3,114,065.9505 155,005. SH DEFINED 1 155,005. 0 . ----------------------------------------------- General Motors Co COM 37045V100 291,993,185.84 11,026,933. SH DEFINED 1 9,244,840. 0 1,782,093. ----------------------------------------------- Genworth Financial Inc COM 37247D106 261,376,803.36 31,005,552. SH DEFINED 1 26,288,676. 0 4,716,876. ----------------------------------------------- GlaxoSmithKline PLC ADR 37733W105 7,929,194.00 172,900. SH DEFINED 1 172,900. 0 . ----------------------------------------------- Goldman Sachs Group Inc/The COM 38141G104 297,214,705.71 2,374,109. SH DEFINED 1 1,961,893. 0 412,216. ----------------------------------------------- Golfsmith International Holdings Inc COM 38168Y103 3,677,907.60 845,496. SH DEFINED 1 618,932. 0 226,564. ----------------------------------------------- GP Strategies Corp COM 36225V104 4,399,096.14 250,233. SH DEFINED 1 181,700. 0 68,533. ----------------------------------------------- Griffon Corp COM 398433102 39,914,035.46 3,744,281. SH DEFINED 1 3,184,331. 0 559,950. ----------------------------------------------- Guess? Inc COM 401617105 37,483,741.85 1,196,990. SH DEFINED 1 1,147,811. 0 49,179. ----------------------------------------------- Halliburton Co COM 406216101 112,716,609.508 3,366,886. SH DEFINED 1 2,639,443. 0 727,443. ----------------------------------------------- Hartford Financial Services Group Inc COM 416515104 471,547,160.96 21,512,188. SH DEFINED 1 18,199,343. 0 3,312,845. ----------------------------------------------- Hewlett-Packard Co COM 428236103 361,007,999.22 15,060,826. SH DEFINED 1 12,718,164. 0 2,342,662. ----------------------------------------------- HomeStreet Inc COM 43785V102 9,913,063.00 356,585. SH DEFINED 1 254,785. 0 101,800. ----------------------------------------------- Hooker Furniture Corp COM 439038100 11,488,897.74 837,994. SH DEFINED 1 598,207. 0 239,787. ----------------------------------------------- Hormel Foods Corp COM 440452100 7,861,186.56 267,024. SH DEFINED 1 256,124. 0 10,900. ----------------------------------------------- HSBC Holdings PLC PUBLIC 404280604 318,737.25 12,750. SH DEFINED 1 12,750. 0 . ----------------------------------------------- Ingersoll-Rand PLC COM G47791101 220,742,160.60 5,250,765. SH DEFINED 1 4,443,029. 0 807,736. ----------------------------------------------- Interpublic Group of Cos Inc/The COM 460690100 57,697,425.00 5,128,660. SH DEFINED 1 4,569,683. 0 558,977. ----------------------------------------------- Intersil Corp COM 46069S109 21,069,824.82 1,877,881. SH DEFINED 1 1,794,182. 0 83,699. ----------------------------------------------- iShares FTSE NAREIT Mortgage Plus Capped Index Fund ETP 464288539 6,810,000.00 500,000. SH DEFINED 1 500,000. 0 . ----------------------------------------------- iShares iBoxx $ High Yield Corporate Bond Fund ETP 464288513 6,237,600.00 69,000. SH DEFINED 1 69,000. 0 . ----------------------------------------------- iShares iBoxx Investment Grade Corporate Bond Fund ETP 464287242 43,605,529.38 377,766. SH DEFINED 1 340,624. 0 37,142. ----------------------------------------------- iShares S&P US Preferred Stock Index Fund ETP 464288687 10,500,300.00 270,000. SH DEFINED 1 270,000. 0 . ----------------------------------------------- JPMorgan Chase & Co COM 46625H100 306,625,687.775 6,640,513. SH DEFINED 1 5,573,782. 0 1,066,731. ----------------------------------------------- Laredo Petroleum Holdings Inc COM 516806106 3,702,950.00 155,000. SH DEFINED 1 5,000. 0 150,000. ----------------------------------------------- Lincoln National Corp COM 534187109 115,995,942.32 4,347,674. SH DEFINED 1 3,596,774. 0 750,900. ----------------------------------------------- Loews Corp COM 540424108 330,629,865.18 8,187,961. SH DEFINED 1 6,876,232. 0 1,311,729. ----------------------------------------------- Maidenform Brands Inc COM 560305104 17,374,569.787 769,130. SH DEFINED 1 551,030. 0 218,100. ----------------------------------------------- Marten Transport Ltd COM 573075108 10,854,884.25 492,285. SH DEFINED 1 346,535. 0 145,750. ----------------------------------------------- Mattson Technology Inc COM 577223100 6,061,563.69 2,220,353. SH DEFINED 1 2,100,030. 0 120,323. ----------------------------------------------- Merck & Co Inc COM 58933Y105 200,957,662.50 5,223,750. SH DEFINED 1 4,341,249. 0 882,501. ----------------------------------------------- Methode Electronics Inc COM 591520200 7,815,846.027 841,445. SH DEFINED 1 598,845. 0 242,600. ----------------------------------------------- MetLife Inc COM 59156R108 393,717,164.00 10,360,978. SH DEFINED 1 8,641,238. 0 1,719,740. ----------------------------------------------- Microsoft Corp COM 594918104 321,247,387.46 9,921,167. SH DEFINED 1 8,262,231. 0 1,658,936. ----------------------------------------------- Middleby Corp COM 596278101 17,194,611.92 169,706. SH DEFINED 1 142,981. 0 26,725. ----------------------------------------------- Mistras Group Inc COM 60649T107 5,874,016.23 241,431. SH DEFINED 1 231,831. 0 9,600. ----------------------------------------------- MKS Instruments Inc COM 55306N104 53,578,600.46 1,831,121. SH DEFINED 1 1,638,610. 0 192,511. ----------------------------------------------- Mosaic Co/The COM 61945C103 120,328,101.8732 2,158,886. SH DEFINED 1 1,767,502. 0 391,384. ----------------------------------------------- Motorola Solutions Inc COM 620076307 133,580,472.84 2,631,609. SH DEFINED 1 2,211,642. 0 419,967. ----------------------------------------------- National CineMedia Inc COM 635309107 6,211,166.00 404,900. SH DEFINED 1 404,900. 0 . ----------------------------------------------- Neenah Paper Inc COM 640079109 6,793,870.56 226,992. SH DEFINED 1 162,792. 0 64,200. ----------------------------------------------- Newmont Mining Corp COM 651639106 19,818,671.12 378,544. SH DEFINED 1 372,844. 0 5,700. ----------------------------------------------- Noble Energy Inc COM 655044105 306,273,660.74 3,080,914. SH DEFINED 1 2,579,866. 0 501,048. ----------------------------------------------- Northwest Bancshares Inc COM 667340103 11,574,289.41 902,127. SH DEFINED 1 761,677. 0 140,450. ----------------------------------------------- NRG Energy Inc COM 629377508 115,246,530.56 7,368,704. SH DEFINED 1 6,046,307. 0 1,322,397. ----------------------------------------------- Occidental Petroleum Corp COM 674599105 186,364,841.79 1,920,693. SH DEFINED 1 1,531,290. 0 389,403. ----------------------------------------------- Orbital Sciences Corp COM 685564106 21,729,226.12 1,651,157. SH DEFINED 1 1,394,607. 0 256,550. ----------------------------------------------- Orion Marine Group Inc COM 68628V308 7,634,408.75 1,050,125. SH DEFINED 1 748,375. 0 301,750. ----------------------------------------------- PACCAR Inc COM 693718108 239,597,449.20 5,106,510. SH DEFINED 1 4,318,490. 0 788,020. ----------------------------------------------- PacWest Bancorp COM 695263103 6,042,355.50 248,350. SH DEFINED 1 177,400. 0 70,950. ----------------------------------------------- PartnerRe Ltd COM G6852T105 12,995,056.02 189,074. SH DEFINED 1 179,674. 0 9,400. ----------------------------------------------- People's United Financial Inc COM 712704105 11,968,816.30 899,911. SH DEFINED 1 861,811. 0 38,100. ----------------------------------------------- Pfizer Inc COM 717081103 683,921,662.34 30,141,986. SH DEFINED 1 25,457,347. 0 4,684,639. ----------------------------------------------- Philip Morris International Inc COM 718172109 175,764,873.00 1,969,575. SH DEFINED 1 1,644,301. 0 325,274. ----------------------------------------------- Pitney Bowes Inc COM 724479100 134,233,418.68 7,663,912. SH DEFINED 1 6,434,987. 0 1,228,925. ----------------------------------------------- PMC - Sierra Inc COM 69344F106 83,734,007.24 11,662,118. SH DEFINED 1 10,603,677. 0 1,058,441. ----------------------------------------------- PowerShares Financial Preferred Portfolio ETP 73935X229 6,278,300.00 350,000. SH DEFINED 1 350,000. 0 . ----------------------------------------------- PowerShares Preferred Portfolio ETP 73936T565 6,120,000.00 425,000. SH DEFINED 1 425,000. 0 . ----------------------------------------------- PrivateBancorp Inc COM 742962103 45,057,972.30 2,999,865. SH DEFINED 1 2,702,791. 0 297,074. ----------------------------------------------- Raytheon Co COM 755111507 237,635,304.327 4,534,722. SH DEFINED 1 3,834,298. 0 700,424. ----------------------------------------------- Redwood Trust Inc REIT 758075402 34,262,509.12 2,933,434. SH DEFINED 1 2,835,222. 0 98,212. ----------------------------------------------- Reinsurance Group of America Inc COM 759351604 49,479,046.00 832,280. SH DEFINED 1 794,959. 0 37,321. ----------------------------------------------- Royal Bank of Scotland Group PLC PUBLIC 780097804 612,820.00 26,000. SH DEFINED 1 26,000. 0 . ----------------------------------------------- Royal Dutch Shell PLC ADR 780259206 8,016,696.00 112,800. SH DEFINED 1 112,800. 0 . ----------------------------------------------- Salix Pharmaceuticals Ltd COM 795435106 34,527,070.47 656,533. SH DEFINED 1 629,462. 0 27,071. ----------------------------------------------- Sanofi ADR 80105N105 531,778,419.20 13,565,776. SH DEFINED 1 11,441,241. 0 2,124,535. ----------------------------------------------- Schawk Inc COM 806373106 10,174,561.10 810,722. SH DEFINED 1 769,622. 0 41,100. ----------------------------------------------- SM Energy Co COM 78454L100 4,943,122.74 69,759. SH DEFINED 1 . 0 69,759. ----------------------------------------------- Smart Balance Inc COM 83169Y108 12,022,900.75 1,807,955. SH DEFINED 1 1,294,505. 0 513,450. ----------------------------------------------- SPDR Wells Fargo Preferred Stock ETF ETP 78464A292 3,592,640.00 80,000. SH DEFINED 1 80,000. 0 . ----------------------------------------------- Standard Microsystems Corp COM 853626109 24,456,504.15 935,955. SH DEFINED 1 669,335. 0 266,620. ----------------------------------------------- Suncor Energy Inc COM 867224107 18,328,029.40 552,715. SH DEFINED 1 19,200. 0 533,515. ----------------------------------------------- Symetra Financial Corp COM 87151Q106 3,149,441.92 269,644. SH DEFINED 1 269,644. 0 . ----------------------------------------------- Talisman Energy Inc COM 87425E103 505,790,917.92 39,027,077. SH DEFINED 1 31,572,182. 0 7,454,895. ----------------------------------------------- Teradyne Inc COM 880770102 21,298,779.14 1,266,277. SH DEFINED 1 1,218,027. 0 48,250. ----------------------------------------------- Teva Pharmaceutical Industries Ltd ADR 881624209 303,495,245.46 6,662,172. SH DEFINED 1 5,610,755. 0 1,051,417. ----------------------------------------------- Texas Capital Bancshares Inc COM 88224Q107 24,510,606.48 698,706. SH DEFINED 1 587,036. 0 111,670. ----------------------------------------------- Thompson Creek Metals Co Inc COM 884768102 20,347,994.47 2,944,717. SH DEFINED 1 2,517,817. 0 426,900. ----------------------------------------------- Tidewater Inc COM 886423102 14,268,807.00 263,700. SH DEFINED 1 7,700. 0 256,000. ----------------------------------------------- Time Warner Inc COM 887317303 270,948,724.56 7,156,596. SH DEFINED 1 5,880,839. 0 1,275,757. ----------------------------------------------- Timken Co COM 887389104 6,555,578.7099 127,443. SH DEFINED 1 122,743. 0 4,700. ----------------------------------------------- TMS International Corp COM 87261Q103 5,715,761.00 468,505. SH DEFINED 1 335,105. 0 133,400. ----------------------------------------------- Total SA ADR 89151E109 5,099,934.00 97,925. SH DEFINED 1 97,925. 0 . ----------------------------------------------- TreeHouse Foods Inc COM 89469A104 19,685,456.89 333,454. SH DEFINED 1 280,954. 0 52,500. ----------------------------------------------- Trimas Corp COM 896215209 5,274,518.92 227,252. SH DEFINED 1 218,752. 0 8,500. ----------------------------------------------- True Religion Apparel Inc COM 89784N104 10,495,813.60 390,760. SH DEFINED 1 279,260. 0 111,500. ----------------------------------------------- Union Pacific Corp COM 907818108 169,502,327.28 1,559,646. SH DEFINED 1 1,285,348. 0 274,298. ----------------------------------------------- Unum Group COM 91529Y106 418,923,497.82 16,998,316. SH DEFINED 1 14,363,834. 0 2,634,482. ----------------------------------------------- Vertex Pharmaceuticals Inc COM 92532F100 47,515,448.10 1,169,755. SH DEFINED 1 1,124,105. 0 45,650. ----------------------------------------------- Viacom Inc COM 92553P201 477,994,652.7235 10,137,895. SH DEFINED 1 8,556,990. 0 1,580,905. ----------------------------------------------- Vodafone Group PLC ADR 92857W209 7,232,325.30 256,500. SH DEFINED 1 256,500. 0 . ----------------------------------------------- Warren Resources Inc COM 93564A100 1,105,111.00 335,900. SH DEFINED 1 210,550. 0 125,350. ----------------------------------------------- Waste Management Inc COM 94106L109 11,580,504.36 330,117. SH DEFINED 1 318,859. 0 11,258. ----------------------------------------------- Wells Fargo & Co COM 949746101 375,763,393.80 10,920,180. SH DEFINED 1 9,124,243. 0 1,795,937. ----------------------------------------------- WESCO International Inc COM 95082P105 7,819,115.60 118,940. SH DEFINED 1 112,190. 0 6,750. ----------------------------------------------- Western Alliance Bancorp COM 957638109 17,715,480.30 2,071,986. SH DEFINED 1 1,744,186. 0 327,800. ----------------------------------------------- Willis Group Holdings PLC COM G96666105 11,988,299.25 342,425. SH DEFINED 1 328,525. 0 13,900. -----------------------------------------------