0000357235-12-000102.txt : 20120214
0000357235-12-000102.hdr.sgml : 20120214
20120214101137
ACCESSION NUMBER: 0000357235-12-000102
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120214
DATE AS OF CHANGE: 20120214
EFFECTIVENESS DATE: 20120214
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Global Currents Investment Management, LLC
CENTRAL INDEX KEY: 0001449508
IRS NUMBER: 261482415
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-13247
FILM NUMBER: 12603433
BUSINESS ADDRESS:
STREET 1: 2 RIGHTER PARKWAY
STREET 2: SUITE 100
CITY: WILMINGTON
STATE: DE
ZIP: 19803
BUSINESS PHONE: (302)476-3800
MAIL ADDRESS:
STREET 1: 2 RIGHTER PARKWAY
STREET 2: SUITE 100
CITY: WILMINGTON
STATE: DE
ZIP: 19803
13F-HR
1
gcim4q1.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: December 31, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Global Currents Investment Management, LLC
Address: 2 Righter Parkway
Suite 100
Wilmington, DE 19806
13F File Number: 28-13247
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: Barbara Manning
Title: Chief Compliance Officer
Phone: 212-805-2076
Signature, Place, and Date of Signing:
Barbara Manning New York, NY February 14, 2012
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form13F Information Table Entry Total: 172
Form13F Information Table Value Total: $495,020 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
1 28-1700 Legg Mason, Inc.
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO COM 88579Y101 1643 20100 SH DEFINED 1 20100 0 0
ABBOTT LABS COM 002824100 62 1100 SH DEFINED 1 1100 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 20977 394072 SH DEFINED 1 387445 0 6627
ADOBE SYS INC COM 00724F101 473 16700 SH DEFINED 1 16700 0 0
ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 570 131177 SH DEFINED 1 131177 0 0
ADVANTEST CORP SPON ADR NEW 00762U200 65 6780 SH DEFINED 1 6780 0 0
AFLAC INC COM 001055102 129 2980 SH DEFINED 1 2810 0 170
AGCO CORP COM 001084102 469 10900 SH DEFINED 1 10900 0 0
AGNICO EAGLE MINES LTD COM 008474108 84 2300 SH DEFINED 1 2300 0 0
AMDOCS LTD ORD G02602103 1975 69216 SH DEFINED 1 57404 0 11812
AMERICAN EXPRESS CO COM 025816109 157 3310 SH DEFINED 1 3310 0 0
AMGEN INC COM 031162100 2695 41967 SH DEFINED 1 41967 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 8310 136242 SH DEFINED 1 133580 0 2662
APACHE CORP COM 037411105 1074 11853 SH DEFINED 1 11853 0 0
ARCH CAP GROUP LTD ORD G0450A105 88 2340 SH DEFINED 1 2340 0 0
AT&T INC COM 00206R102 859 28394 SH DEFINED 1 28394 0 0
AVON PRODS INC COM 054303102 130 7440 SH DEFINED 1 7030 0 410
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 7 813 SH DEFINED 1 0 0 813
BANCO SANTANDER SA ADR 05964H105 658 87390 SH DEFINED 1 65765 0 21625
BANK OF AMERICA CORPORATION COM 060505104 402 72187 SH DEFINED 1 71135 0 1052
BARCLAYS PLC ADR 06738E204 9230 839737 SH DEFINED 1 805873 0 33864
BARRICK GOLD CORP COM 067901108 8159 180290 SH DEFINED 1 180290 0 0
BCE INC COM NEW 05534B760 14576 349773 SH DEFINED 1 344653 0 5120
BLOCK H & R INC COM 093671105 676 41340 SH DEFINED 1 41340 0 0
BRINKER INTL INC COM 109641100 270 10060 SH DEFINED 1 10060 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 214 6045 SH DEFINED 1 5710 0 335
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 12396 130634 SH DEFINED 1 127279 0 3355
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 359 13031 SH DEFINED 1 4892 0 8139
CANADIAN NAT RES LTD COM 136385101 43699 1169336 SH DEFINED 1 1162150 0 7186
CARDINAL HEALTH INC COM 14149Y108 914 22500 SH DEFINED 1 22500 0 0
CARNIVAL PLC ADR 14365C103 4186 127090 SH DEFINED 1 125445 0 1645
CENOVUS ENERGY INC COM 15135U109 3418 102947 SH DEFINED 1 92231 0 10716
CENTERPOINT ENERGY INC COM 15189T107 114 5630 SH DEFINED 1 5320 0 310
CENTURYLINK INC COM 156700106 505 13570 SH DEFINED 1 13570 0 0
CHEVRON CORP NEW COM 166764100 1981 18614 SH DEFINED 1 18516 0 98
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 33375 688262 SH DEFINED 1 687377 0 885
CISCO SYS INC COM 17275R102 1237 68370 SH DEFINED 1 67495 0 875
CITIGROUP INC COM NEW 172967424 238 9010 SH DEFINED 1 8522 0 488
CNOOC LTD SPONSORED ADR 126132109 6566 37585 SH DEFINED 1 37337 0 248
COMCAST CORP NEW CL A 20030N101 1129 47600 SH DEFINED 1 47600 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 641 17750 SH DEFINED 1 17750 0 0
CONOCOPHILLIPS COM 20825C104 1530 20990 SH DEFINED 1 20760 0 230
COSAN LTD SHS A G25343107 435 39640 SH DEFINED 1 39640 0 0
COVIDIEN PLC SHS G2554F113 172 3820 SH DEFINED 1 3605 0 215
CPFL ENERGIA S A SPONSORED ADR 126153105 68 2400 SH DEFINED 1 2400 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 251 10656 SH DEFINED 1 10656 0 0
CROWN HOLDINGS INC COM 228368106 337 10020 SH DEFINED 1 10020 0 0
CSX CORP COM 126408103 664 31490 SH DEFINED 1 30560 0 930
CVS CAREMARK CORPORATION COM 126650100 2536 62180 SH DEFINED 1 62180 0 0
DANA HLDG CORP COM 235825205 148 12100 SH DEFINED 1 11400 0 700
DEUTSCHE BANK AG NAMEN AKT D18190898 71 1850 SH DEFINED 1 1850 0 0
DEVON ENERGY CORP NEW COM 25179M103 1167 18810 SH DEFINED 1 18590 0 220
DIAMOND OFFSHORE DRILLING IN COM 25271C102 442 7990 SH DEFINED 1 7990 0 0
DIRECTV COM CL A 25490A101 272 6348 SH DEFINED 1 6348 0 0
DISNEY WALT CO COM DISNEY 254687106 537 14300 SH DEFINED 1 14300 0 0
DOVER CORP COM 260003108 320 5499 SH DEFINED 1 5194 0 305
EBAY INC COM 278642103 273 8975 SH DEFINED 1 8500 0 475
EMBRAER S A SP ADR REP 4 COM 29082A107 716 28360 SH DEFINED 1 28360 0 0
ENCANA CORP COM 292505104 1632 88055 SH DEFINED 1 79318 0 8737
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 950 27500 SH DEFINED 1 27500 0 0
ENSCO PLC SPONSORED ADR 29358Q109 273 5810 SH DEFINED 1 5810 0 0
ERICSSON L M TEL CO ADR B SEK 10 294821608 26 2500 SH DEFINED 1 2500 0 0
EXELON CORP COM 30161N101 510 11755 SH DEFINED 1 11755 0 0
FIFTH THIRD BANCORP COM 316773100 897 70497 SH DEFINED 1 70497 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 171 19700 SH DEFINED 1 19700 0 0
FIRSTENERGY CORP COM 337932107 322 7250 SH DEFINED 1 7250 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 794 73745 SH DEFINED 1 72695 0 1050
FOSTER WHEELER AG COM H27178104 510 26635 SH DEFINED 1 22110 0 4525
FRANCE TELECOM SPONSORED ADR 35177Q105 670 42735 SH DEFINED 1 42225 0 510
GENERAL DYNAMICS CORP COM 369550108 251 3770 SH DEFINED 1 3770 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 8345 182862 SH DEFINED 1 181029 0 1833
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 17036 1117030 SH DEFINED 1 1104362 0 12668
GOLDMAN SACHS GROUP INC COM 38141G104 570 6300 SH DEFINED 1 6300 0 0
GOOGLE INC CL A 38259P508 267 412 SH DEFINED 1 388 0 24
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 8075 383395 SH DEFINED 1 374246 0 9149
GUESS INC COM 401617105 90 2985 SH DEFINED 1 2815 0 170
HALLIBURTON CO COM 406216101 1578 45715 SH DEFINED 1 45380 0 335
HCC INS HLDGS INC COM 404132102 922 33500 SH DEFINED 1 33500 0 0
HELMERICH & PAYNE INC COM 423452101 2698 46230 SH DEFINED 1 46230 0 0
HEWLETT PACKARD CO COM 428236103 1922 74600 SH DEFINED 1 74600 0 0
HOME DEPOT INC COM 437076102 211 5000 SH DEFINED 1 5000 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 10021 262984 SH DEFINED 1 259051 0 3933
ICICI BK LTD ADR 45104G104 1344 50850 SH DEFINED 1 50850 0 0
ILLINOIS TOOL WKS INC COM 452308109 1557 33330 SH DEFINED 1 33330 0 0
ING GROEP N V SPONSORED ADR 456837103 72 10013 SH DEFINED 1 4880 0 5133
INTEL CORP COM 458140100 278 11460 SH DEFINED 1 11460 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 3651 19854 SH DEFINED 1 19764 0 90
INTL PAPER CO COM 460146103 1158 39095 SH DEFINED 1 38305 0 790
INVESCO MORTGAGE CAPITAL INC COM 46131B100 190 13470 SH DEFINED 1 13470 0 0
ISHARES TR MSCI EAFE INDEX 464287465 4756 96004 SH DEFINED 1 94750 0 1254
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 6478 348958 SH DEFINED 1 343340 0 5618
JOHNSON & JOHNSON COM 478160104 1346 20520 SH DEFINED 1 20320 0 200
JPMORGAN CHASE & CO COM 46625H100 2595 78027 SH DEFINED 1 77660 0 367
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 1551 49467 SH DEFINED 1 45540 0 3927
KIMBERLY CLARK CORP COM 494368103 304 4120 SH DEFINED 1 4120 0 0
KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 1 1 SH DEFINED 1 0 0 1
KRAFT FOODS INC CL A 50075N104 105 2800 SH DEFINED 1 2800 0 0
LILLY ELI & CO COM 532457108 322 7730 SH DEFINED 1 7730 0 0
LOWES COS INC COM 548661107 154 6035 SH DEFINED 1 5705 0 330
MAGNA INTL INC COM 559222401 264 7907 SH DEFINED 1 6547 0 1360
MCDONALDS CORP COM 580135101 51 500 SH DEFINED 1 500 0 0
MEDTRONIC INC COM 585055106 35 900 SH DEFINED 1 900 0 0
MERCK & CO INC NEW COM 58933Y105 848 22480 SH DEFINED 1 22480 0 0
METLIFE INC COM 59156R108 1778 56997 SH DEFINED 1 56997 0 0
MICROSOFT CORP COM 594918104 3167 121983 SH DEFINED 1 121073 0 910
MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 3 964 SH DEFINED 1 964 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 194 13200 SH DEFINED 1 13200 0 0
MORGAN STANLEY COM NEW 617446448 16 1000 SH DEFINED 1 1000 0 0
MYLAN INC COM 628530107 2505 116700 SH DEFINED 1 116700 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 16583 342036 SH DEFINED 1 326925 0 15111
NEWELL RUBBERMAID INC COM 651229106 144 8890 SH DEFINED 1 8890 0 0
NII HLDGS INC CL B NEW 62913F201 306 14350 SH DEFINED 1 14350 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 741 24500 SH DEFINED 1 24500 0 0
NOKIA CORP SPONSORED ADR 654902204 1 137 SH DEFINED 1 137 0 0
NORDION INC COM 65563C105 251 30015 SH DEFINED 1 30015 0 0
NOVARTIS A G SPONSORED ADR 66987V109 7287 127434 SH DEFINED 1 118037 0 9397
NOVO-NORDISK A S ADR 670100205 349 3020 SH DEFINED 1 1546 0 1474
NRG ENERGY INC COM NEW 629377508 40 2200 SH DEFINED 1 2200 0 0
NTT DOCOMO INC SPONS ADR 62942M201 6776 369244 SH DEFINED 1 354865 0 14379
NUANCE COMMUNICATIONS INC COM 67020Y100 88 3475 SH DEFINED 1 3285 0 190
NUCOR CORP COM 670346105 426 10760 SH DEFINED 1 10760 0 0
ORACLE CORP COM 68389X105 1129 44000 SH DEFINED 1 44000 0 0
PEPSICO INC COM 713448108 4322 65125 SH DEFINED 1 64985 0 140
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 1743 74169 SH DEFINED 1 74169 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2640 106184 SH DEFINED 1 102219 0 3965
PFIZER INC COM 717081103 814 37580 SH DEFINED 1 37580 0 0
PHILIP MORRIS INTL INC COM 718172109 428 5443 SH DEFINED 1 5139 0 304
PNC FINL SVCS GROUP INC COM 693475105 337 5840 SH DEFINED 1 5840 0 0
PROCTER & GAMBLE CO COM 742718109 2569 38500 SH DEFINED 1 38500 0 0
RADIOSHACK CORP COM 750438103 283 29130 SH DEFINED 1 29130 0 0
REED ELSEVIER P L C SPONS ADR NEW 758205207 915 28337 SH DEFINED 1 27974 0 363
REYNOLDS AMERICAN INC COM 761713106 399 9620 SH DEFINED 1 9620 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 16942 231778 SH DEFINED 1 227683 0 4095
SANOFI SPONSORED ADR 80105N105 14989 410193 SH DEFINED 1 403713 0 6480
SENSIENT TECHNOLOGIES CORP COM 81725T100 38 1000 SH DEFINED 1 1000 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 351 17629 SH DEFINED 1 5011 0 12618
SIEMENS A G SPONSORED ADR 826197501 11978 125267 SH DEFINED 1 123061 0 2206
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 255 58376 SH DEFINED 1 58376 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 2331 171236 SH DEFINED 1 153194 0 18042
SMUCKER J M CO COM NEW 832696405 147 1880 SH DEFINED 1 1775 0 105
SPDR S&P 500 ETF TR TR UNIT 78462F103 30 238 SH DEFINED 1 238 0 0
SPECTRA ENERGY CORP COM 847560109 507 16470 SH DEFINED 1 16470 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 141 6740 SH DEFINED 1 6740 0 0
STANLEY BLACK & DECKER INC COM 854502101 48 700 SH DEFINED 1 700 0 0
STATOIL ASA SPONSORED ADR 85771P102 1604 62613 SH DEFINED 1 45265 0 17348
STRYKER CORP COM 863667101 2217 44590 SH DEFINED 1 44590 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 3329 604060 SH DEFINED 1 522248 0 81812
SYSCO CORP COM 871829107 704 23970 SH DEFINED 1 23970 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2098 162445 SH DEFINED 1 162196 0 249
TARGET CORP COM 87612E106 393 7660 SH DEFINED 1 7660 0 0
TELEFONICA S A SPONSORED ADR 879382208 606 35236 SH DEFINED 1 25287 0 9949
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 24817 614872 SH DEFINED 1 604809 0 10063
THERMO FISHER SCIENTIFIC INC COM 883556102 252 5600 SH DEFINED 1 5600 0 0
TRANSOCEAN LTD REG SHS H8817H100 2147 55900 SH DEFINED 1 55900 0 0
TRI-TECH HOLDING INC SHS G9103F106 21 4390 SH DEFINED 1 4390 0 0
TUPPERWARE BRANDS CORP COM 899896104 30 530 SH DEFINED 1 530 0 0
UBS AG SHS NEW H89231338 15409 1302440 SH DEFINED 1 1283029 0 19411
UNILEVER N V N Y SHS NEW 904784709 11433 332615 SH DEFINED 1 327116 0 5499
UNION PAC CORP COM 907818108 2225 21000 SH DEFINED 1 21000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2233 44055 SH DEFINED 1 43535 0 520
US BANCORP DEL COM NEW 902973304 1302 48100 SH DEFINED 1 48100 0 0
VANGUARD TAX MANAGED INTL FD MSCI EAFE ETF 921943858 1226 40024 SH DEFINED 1 40024 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 890 22165 SH DEFINED 1 22000 0 165
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 15316 546390 SH DEFINED 1 526341 0 20049
VULCAN MATLS CO COM 929160109 329 8352 SH DEFINED 1 8232 0 120
WAL MART STORES INC COM 931142103 395 6600 SH DEFINED 1 6600 0 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 1453 99200 SH DEFINED 1 99200 0 0
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 15183 391295 SH DEFINED 1 387338 0 3957
WISCONSIN ENERGY CORP COM 976657106 127 3620 SH DEFINED 1 3420 0 200
WPP PLC ADR 92933H101 3162 60525 SH DEFINED 1 60010 0 515
XL GROUP PLC SHS G98290102 25 1264 SH DEFINED 1 1264 0 0
YUM BRANDS INC COM 988498101 1653 28000 SH DEFINED 1 28000 0 0