13F-HR 1 t304511.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: June 30, 2008 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 08/14/2008 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: 165 Form 13F Information Table Value Total: $25,107,803,899 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 ----------------------------------------------------------------------------------------------------------------------------------- ABITIBIBOWATER INC COM 003687100 26,303,915 2,819,256 SH DEFINED 1 2,579,192 0 240,064 ACERGY SA-SPON ADR ADR 00443E104 48,543,227 2,180,742 SH DEFINED 1 1,962,403 0 218,339 ACUITY BRANDS INC COM 00508Y102 41,493,318 863,003 SH DEFINED 1 780,753 0 82,250 AETNA INC COM 00817Y108 253,171,130 6,246,503 SH DEFINED 1 5,392,902 0 853,601 AGILENT TECHNOLOGIES INC COM 00846U101 182,629,972 5,138,725 SH DEFINED 1 4,389,014 0 749,711 AGRIUM INC COM 008916108 1,114,203 10,360 SH DEFINED 1 10,360 0 0 ALBANY INTL CORP-CL A COM 012348108 25,202,938 869,072 SH DEFINED 1 727,922 0 141,150 ALLEGHANY CORP COM 017175100 219,000 660 SH DEFINED 1 0 0 660 ALTRIA GROUP INC COM 02209S103 209,971,016 10,212,590 SH DEFINED 1 9,159,764 0 1,052,826 AMERICAN INTERNATIONAL GROUP COM 026874107 189,069,421 7,145,490 SH DEFINED 1 6,180,784 0 964,706 AMGEN INC COM 031162100 618,354,649 13,111,854 SH DEFINED 1 11,330,872 0 1,780,982 ANGLOGOLD ASHANTI-RIGHTS RTS 035128115 3,535,703 609,604 SH DEFINED 1 609,604 0 0 ANGLOGOLD ASHANTI-SPON ADR ADR 035128206 599,286,026 17,657,214 SH DEFINED 1 14,841,115 0 2,816,099 ANTHRACITE CAPITAL INC COM 037023108 18,255,478 2,593,082 SH DEFINED 1 2,326,282 0 266,800 AON CORP COM 037389103 564,330,787 12,284,081 SH DEFINED 1 10,623,443 0 1,660,638 APACHE CORP COM 037411105 1,272,626,862 9,155,587 SH DEFINED 1 7,959,567 0 1,196,020 APPROACH RESOURCES INC COM 03834A103 24,384,729 910,204 SH DEFINED 1 770,823 0 139,381 ARROW ELECTRONICS INC COM 042735100 34,579,859 1,125,635 SH DEFINED 1 1,085,235 0 40,400 ASPEN INSURANCE HOLDINGS LTD COM G05384105 21,670,633 915,512 SH DEFINED 1 772,212 0 143,300 AT&T INC COM 00206R102 488,802,643 14,508,827 SH DEFINED 1 12,170,459 0 2,338,368 AVNET INC COM 053807103 30,300,621 1,110,729 SH DEFINED 1 1,078,329 0 32,400 BANCORP INC/THE COM 05969A105 8,976,998 1,178,125 SH DEFINED 1 969,414 0 208,711 BANK OF AMERICA CORP COM 060505104 134,974,686 5,654,581 SH DEFINED 1 4,929,328 0 725,253 BARRICK GOLD CORP COM 067901108 926,722,567 20,367,528 SH DEFINED 1 17,858,073 0 2,509,455 BELDEN INC COM 077454106 26,873,259 793,185 SH DEFINED 1 665,485 0 127,700 BILL BARRETT CORP COM 06846N104 32,292,194 543,544 SH DEFINED 1 469,844 0 73,700 BOB EVANS FARMS COM 096761101 28,441,115 994,429 SH DEFINED 1 837,933 0 156,496 BROCADE COMMUNICATIONS SYS COM 111621306 11,129,557 1,350,655 SH DEFINED 1 1,314,655 0 36,000 BUCKEYE TECHNOLOGIES INC COM 118255108 16,041,870 1,896,217 SH DEFINED 1 1,591,067 0 305,150 CA INC COM 12673P105 1,217,592,205 52,732,461 SH DEFINED 1 46,163,802 0 6,568,659 CANADIAN NATURAL RESOURCES COM 136385101 772,000 7,700 SH DEFINED 1 7,700 0 0 CANO PETROLEUM INC COM 137801106 10,874,520 1,369,636 SH DEFINED 1 1,158,536 0 211,100 CARPENTER TECHNOLOGY COM 144285103 12,804,513 293,337 SH DEFINED 1 284,637 0 8,700 CASEY'S GENERAL STORES INC COM 147528103 62,703,987 2,706,253 SH DEFINED 1 2,445,103 0 261,150 CATERPILLAR INC COM 149123101 7,950,000 107,700 SH DEFINED 1 107,700 0 0 CBS CORP-CLASS B NON VOTING COM 124857202 328,916,206 16,876,136 SH DEFINED 1 14,698,680 0 2,177,456 CENTURY ALUMINUM COMPANY COM 156431108 27,749,297 417,348 SH DEFINED 1 377,048 0 40,300 CHEVRON CORP COM 166764100 11,489,000 115,896 SH DEFINED 1 115,896 0 0 CITIGROUP INC COM 172967101 273,412,615 16,313,429 SH DEFINED 1 14,151,256 0 2,162,173 CITIGROUP INC C 8 1/8 PFD 172967572 36,384,746 1,624,319 SH DEFINED 1 1,584,040 0 40,279 COHERENT INC COM 192479103 24,662,728 825,100 SH DEFINED 1 801,600 0 23,500 COMCAST CORP-SPECIAL CL A COM 20030N200 343,434,990 18,306,780 SH DEFINED 1 15,813,102 0 2,493,678 COMMSCOPE INC COM 203372107 16,439,604 311,525 SH DEFINED 1 262,125 0 49,400 COMMUNITY HEALTH SYSTEMS INC COM 203668108 58,591,132 1,776,551 SH DEFINED 1 1,607,051 0 169,500 CONOCOPHILLIPS COM 20825C104 250,969,013 2,658,848 SH DEFINED 1 2,253,176 0 405,672 DENBURY RESOURCES INC COM 247916208 343,000 9,400 SH DEFINED 1 9,400 0 0 DOMTAR CORP COM 257559104 49,763,327 9,130,810 SH DEFINED 1 8,406,710 0 724,100 ENERGIAS DE PORTUGAL-SP ADR ADR 268353109 6,659,000 127,500 SH DEFINED 1 127,500 0 0 ENI SPA-SPONSORED ADR ADR 26874R108 14,104,000 190,000 SH DEFINED 1 190,000 0 0 EXELON CORP COM 30161N101 378,000 4,200 SH DEFINED 1 4,200 0 0 EXXON MOBIL CORP COM 30231G102 1,708,000 19,384 SH DEFINED 1 19,384 0 0 FANNIE MAE COM 313586109 401,377,910 20,572,912 SH DEFINED 1 17,900,335 0 2,672,577 FBR CAPITAL MARKETS CORP COM 30247C301 116,000 23,000 SH DEFINED 1 0 0 23,000 FERRO CORP COM 315405100 13,101,768 698,379 SH DEFINED 1 587,179 0 111,200 FOSSIL INC COM 349882100 17,559,117 604,027 SH DEFINED 1 548,496 0 55,531 FREDDIE MAC COM 313400301 3,373,000 205,650 SH DEFINED 1 199,050 0 6,600 FRIEDMAN BILLINGS RAMSEY-A COM 358434108 20,001,816 13,334,401 SH DEFINED 1 13,019,363 0 315,038 GANNETT CO COM 364730101 5,147,000 237,500 SH DEFINED 1 237,500 0 0 GARDNER DENVER INC COM 365558105 11,778,246 207,367 SH DEFINED 1 198,317 0 9,050 GENERAL CABLE CORP COM 369300108 34,654,930 569,506 SH DEFINED 1 518,306 0 51,200 GENERAL ELECTRIC CO COM 369604103 10,273,000 384,905 SH DEFINED 1 384,905 0 0 GENWORTH FINANCIAL INC-CL A COM 37247D106 628,573,680 35,293,278 SH DEFINED 1 30,810,108 0 4,483,170 GIBRALTAR INDUSTRIES INC COM 374689107 57,919,425 3,626,745 SH DEFINED 1 3,267,195 0 359,550 GLATFELTER COM 377316104 18,622,018 1,378,402 SH DEFINED 1 1,179,777 0 198,625 GLAXOSMITHKLINE PLC-SPON ADR ADR 37733W105 10,392,000 235,000 SH DEFINED 1 235,000 0 0 GOLFSMITH INTERNATIONAL HOLD COM 38168Y103 4,179,735 1,834,565 SH DEFINED 1 1,503,935 0 330,630 GRIFFON CORPORATION COM 398433102 46,065,724 5,258,596 SH DEFINED 1 4,728,975 0 529,621 GSI GROUP INC COM 36229U102 19,544,179 2,518,537 SH DEFINED 1 2,081,913 0 436,624 HALLIBURTON CO COM 406216101 318,000 6,000 SH DEFINED 1 6,000 0 0 HANOVER INSURANCE GROUP INC/ COM 410867105 37,964,900 893,280 SH DEFINED 1 861,680 0 31,600 HARTFORD FINANCIAL SVCS GRP COM 416515104 949,579,226 14,706,201 SH DEFINED 1 12,842,654 0 1,863,547 HESS CORP COM 42809H107 637,870,385 5,054,844 SH DEFINED 1 4,359,346 0 695,498 HOOKER FURNITURE CORP COM 439038100 27,410,925 1,582,604 SH DEFINED 1 1,330,117 0 252,487 ILLINOIS TOOL WORKS COM 452308109 298,327,295 6,279,254 SH DEFINED 1 5,402,241 0 877,013 INGERSOLL-RAND CO LTD-CL A COM G4776G101 420,665,216 11,238,719 SH DEFINED 1 9,751,014 0 1,487,705 INTERNATIONAL PAPER CO COM 460146103 244,092,485 10,476,087 SH DEFINED 1 9,014,358 0 1,461,729 INTERPUBLIC GROUP OF COS INC COM 460690100 52,584,064 6,114,426 SH DEFINED 1 5,922,026 0 192,400 ISHARES MSCI EAFE INDEX FUND ETF 464287465 203,469 2,963 SH DEFINED 1 1,624 0 1,339 ISHARES RUSSELL 1000 VALUE ETF 464287598 10,489,446 151,904 SH DEFINED 1 150,064 0 1,840 JPMORGAN CHASE & CO COM 46625H100 502,490,070 14,645,585 SH DEFINED 1 12,658,904 0 1,986,681 KADANT INC COM 48282T104 11,998,655 530,936 SH DEFINED 1 450,086 0 80,850 KEITHLEY INSTRUMENTS INC COM 487584104 20,190,656 2,125,334 SH DEFINED 1 1,729,469 0 395,865 KENNAMETAL INC COM 489170100 35,032,987 1,076,293 SH DEFINED 1 989,093 0 87,200 KIMBERLY-CLARK CORP COM 494368103 528,215,779 8,835,991 SH DEFINED 1 7,488,498 0 1,347,493 KOREA ELEC POWER CORP-SP ADR ADR 500631106 6,408,000 441,000 SH DEFINED 1 441,000 0 0 KRAFT FOODS INC-CLASS A COM 50075N104 200,849,485 7,059,753 SH DEFINED 1 5,969,645 0 1,090,108 KT CORP-SP ADR ADR 48268K101 9,232,000 433,000 SH DEFINED 1 433,000 0 0 LIBERTY MEDIA-INTERACTIVE A COM 53071M104 177,050,998 11,995,321 SH DEFINED 1 10,297,931 0 1,697,390 LINCOLN ELECTRIC HOLDINGS COM 533900106 26,212,798 333,073 SH DEFINED 1 308,173 0 24,900 LOCKHEED MARTIN CORP COM 539830109 601,641,939 6,098,133 SH DEFINED 1 5,357,091 0 741,042 LOEWS CORP COM 540424108 300,977,973 6,417,442 SH DEFINED 1 5,704,513 0 712,929 LORILLARD INC COM 544147101 423,868,231 6,128,809 SH DEFINED 1 5,487,081 0 641,728 MARTEN TRANSPORT LTD COM 573075108 39,037,438 2,444,454 SH DEFINED 1 2,063,829 0 380,625 MATTSON TECHNOLOGY INC COM 577223100 39,769,381 8,354,860 SH DEFINED 1 7,794,823 0 560,037 MEADWESTVACO CORP COM 583334107 17,281,072 724,898 SH DEFINED 1 704,298 0 20,600 MGIC INVESTMENT CORP COM 552848103 19,291,000 3,157,353 SH DEFINED 1 2,400,523 0 756,830 MICROSOFT CORP COM 594918104 738,004,004 26,826,750 SH DEFINED 1 22,845,536 0 3,981,214 MIDCAP SPDR TRUST SERIES 1 ETF 595635103 347,894 2,338 SH DEFINED 1 2,338 0 0 MOTOROLA INC COM 620076109 611,259,555 83,277,818 SH DEFINED 1 73,198,829 0 10,078,989 NEWELL RUBBERMAID INC COM 651229106 30,261,390 1,802,362 SH DEFINED 1 1,763,062 0 39,300 NEWMONT MINING CORP COM 651639106 32,251,000 618,300 SH DEFINED 1 406,100 0 212,200 NOBLE ENERGY INC COM 655044105 1,128,785,323 11,224,989 SH DEFINED 1 9,667,456 0 1,557,533 NRG ENERGY INC COM 629377508 567,993,689 13,239,950 SH DEFINED 1 11,526,277 0 1,713,673 OSHKOSH CORP COM 688239201 13,065,433 631,469 SH DEFINED 1 616,469 0 15,000 PACIFIC SUNWEAR OF CALIF COM 694873100 71,686,157 8,403,983 SH DEFINED 1 7,589,983 0 814,000 PACKAGING CORP OF AMERICA COM 695156109 76,340,199 3,549,054 SH DEFINED 1 3,447,154 0 101,900 PARTICLE DRILLING TECHNOLOGI COM 70212G101 105,000 42,000 SH DEFINED 1 42,000 0 0 PEOPLE'S UNITED FINANCIAL COM 712704105 36,395,782 2,333,054 SH DEFINED 1 2,258,954 0 74,100 PFIZER INC COM 717081103 17,142,000 981,200 SH DEFINED 1 972,200 0 9,000 PHILIP MORRIS INTERNATIONAL COM 718172109 488,317,774 9,886,973 SH DEFINED 1 8,853,408 0 1,033,565 PITNEY BOWES INC COM 724479100 915,418,252 26,845,111 SH DEFINED 1 23,500,193 0 3,344,918 PMA CAPITAL CORPORATION-CL A COM 693419202 25,389,629 2,756,784 SH DEFINED 1 2,432,884 0 323,900 POSCO-ADR ADR 693483109 7,008,000 54,000 SH DEFINED 1 54,000 0 0 PROGRESS ENERGY INC-CVO COM 743263AA3 36,782 96,303 SH DEFINED 1 73,403 0 22,900 QUANTUM CORP COM 747906204 39,555,832 29,300,622 SH DEFINED 1 27,635,422 0 1,665,200 RADIAN GROUP INC COM 750236101 13,275,199 9,155,624 SH DEFINED 1 8,169,889 0 985,735 RAYTHEON COMPANY COM 755111507 592,431,122 10,526,497 SH DEFINED 1 9,245,269 0 1,281,228 RBC BEARINGS INC COM 75524B104 17,238,775 517,364 SH DEFINED 1 432,864 0 84,500 RELIANCE STEEL & ALUMINUM COM 759509102 30,461,344 395,137 SH DEFINED 1 382,737 0 12,400 RELIANT ENERGY INC COM 75952B105 19,944,066 937,659 SH DEFINED 1 914,059 0 23,600 ROCKWOOD HOLDINGS INC COM 774415103 22,890,115 657,751 SH DEFINED 1 638,551 0 19,200 SANOFI-AVENTIS-ADR ADR 80105N105 438,461,661 13,194,757 SH DEFINED 1 11,362,904 0 1,831,853 SAPPI LTD -SPONSORED ADR ADR 803069202 119,777,437 10,073,823 SH DEFINED 1 9,397,723 0 676,100 SARA LEE CORP COM 803111103 184,000 15,000 SH DEFINED 1 0 0 15,000 SAUER-DANFOSS INC COM 804137107 55,697,723 1,788,040 SH DEFINED 1 1,619,340 0 168,700 SEAGATE TECH INC (33045Z US) COM 811804988 0 1,065 SH DEFINED 1 1,065 0 0 SEPRACOR INC COM 817315104 20,284,067 1,018,264 SH DEFINED 1 936,864 0 81,400 SKILLED HEALTHCARE GROU-CL A COM 83066R107 8,290,227 617,729 SH DEFINED 1 510,829 0 106,900 SMITHFIELD FOODS INC COM 832248108 67,500,381 3,395,367 SH DEFINED 1 3,192,559 0 202,808 SPDR TRUST SERIES 1 ETF 78462F103 4,287,000 33,500 SH DEFINED 1 33,500 0 0 SPRINT NEXTEL CORP COM 852061100 227,349,301 23,931,460 SH DEFINED 1 21,031,281 0 2,900,179 ST MARY LAND & EXPLORATION CO COM 792228108 41,027,756 634,719 SH DEFINED 1 616,519 0 18,200 STANCORP FINANCIAL GROUP COM 852891100 2,316,269 49,334 SH DEFINED 1 49,334 0 0 STANDARD MICROSYSTEMS CORP COM 853626109 22,177,444 816,836 SH DEFINED 1 684,906 0 131,930 STORA ENSO OYJ-SPONS ADR ADR 86210M106 3,448,000 367,200 SH DEFINED 1 367,200 0 0 SUNCOR ENERGY INC COM 867229106 639,000 11,000 SH DEFINED 1 11,000 0 0 TALISMAN ENERGY INC COM 87425E103 238,272,900 10,766,977 SH DEFINED 1 9,327,871 0 1,439,106 TELECOM ITALIA SPA-SPON ADR ADR 87927Y102 1,048,000 52,500 SH DEFINED 1 52,500 0 0 TELECOM ITALIA SPA-SPON ADR ADR 87927Y201 3,788,000 235,000 SH DEFINED 1 235,000 0 0 TELEPHONE AND DATA SYSTEMS COM 879433100 236,000 5,000 SH DEFINED 1 0 0 5,000 TEMPLE-INLAND INC COM 879868107 64,623,033 5,734,092 SH DEFINED 1 5,165,692 0 568,400 TEXAS INSTRUMENTS INC COM 882508104 448,000 15,923 SH DEFINED 1 10,250 0 5,673 TIMKEN CO COM 887389104 47,137,498 1,431,015 SH DEFINED 1 1,383,615 0 47,400 TOTAL SA-SPON ADR ADR 89151E109 10,232,000 120,000 SH DEFINED 1 120,000 0 0 TOWER GROUP INC COM 891777104 36,130,489 1,705,068 SH DEFINED 1 1,599,768 0 105,300 TRAVELERS COS INC/THE COM 89417E109 4,891,000 112,700 SH DEFINED 1 110,300 0 2,400 UNION PACIFIC CORP COM 907818108 538,118,302 7,127,391 SH DEFINED 1 6,005,667 0 1,121,724 UNITED STATES STEEL CORP COM 912909108 408,556,420 2,211,041 SH DEFINED 1 1,893,869 0 317,172 UNITED UTILITIES PLC-SP ADR ADR 91311Q105 7,181,000 262,800 SH DEFINED 1 262,800 0 0 UNUM GROUP COM 91529Y106 7,003,384 342,453 SH DEFINED 1 342,453 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 295,952,561 8,360,239 SH DEFINED 1 7,065,044 0 1,295,195 VIACOM INC-CLASS B COM 92553P201 931,965,199 30,516,200 SH DEFINED 1 26,515,275 0 4,000,925 WACHOVIA CORP COM 929903102 201,770,924 12,992,326 SH DEFINED 1 11,709,469 0 1,282,857 WARREN RESOURCES INC COM 93564A100 101,314,644 6,901,520 SH DEFINED 1 6,377,770 0 523,750 WAUSAU PAPER CORP COM 943315101 37,045,827 4,804,945 SH DEFINED 1 4,283,945 0 521,000 WD-40 CO COM 929236107 39,057,487 1,335,308 SH DEFINED 1 1,123,707 0 211,601 WELLS FARGO & CO COM 949746101 461,586,898 19,435,249 SH DEFINED 1 16,479,612 0 2,955,637 WESCO INTERNATIONAL INC COM 95082P105 21,417,977 534,920 SH DEFINED 1 519,320 0 15,600