0001193125-13-178495.txt : 20130429 0001193125-13-178495.hdr.sgml : 20130427 20130426192825 ACCESSION NUMBER: 0001193125-13-178495 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130429 DATE AS OF CHANGE: 20130426 EFFECTIVENESS DATE: 20130429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DnB Asset Management AS CENTRAL INDEX KEY: 0001456670 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13463 FILM NUMBER: 13788759 BUSINESS ADDRESS: STREET 1: OVRE SLOTTSGATE 3 CITY: OSLO STATE: Q8 ZIP: N-0021 BUSINESS PHONE: 0114791503000 MAIL ADDRESS: STREET 1: OVRE SLOTTSGATE 3 CITY: OSLO STATE: Q8 ZIP: N-0021 FORMER COMPANY: FORMER CONFORMED NAME: DnB NOR Asset Management AS DATE OF NAME CHANGE: 20090219 13F-HR 1 d528686d13fhr.txt FORM 13F-HR ================================================================================ 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, 2013 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: DNB Asset Management AS Address: Dronning Eufemias Gate 30 Oslo, Norway N-0191 Form 13F File Number: 28-13463 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, ad 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: Erik Garaas Title: EVP Phone: 4791503000 Signature, place, and Date of Signing: /s/ Erik Garaas Oslo, Norway March 31, 2013 ---------------------- --------------- ------------------- [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).) List of Other Managers Reporting for this Manager: ================================================================================ FORM 13F SUMMARY PAGE Report summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 315 Form 13F Information Table Value Total (x$1000): 3,335,751 List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 DNB Asset Management AS - ----------------------- [LOGO] DNB [LOGO] 13F US Government report 3/31/2013
Item 6: Investment Item 8: Voting Item 1 Item 2 Item 3 Item 4 Item 5 Discretion Item 7 Authority ------ -------- --------- ----------- ------------------ --------------------- -------- ------------------- Shared Title of SH/ Put/ Sole Shared Other Other Sole Shared None Name of Issuer Class Cusip Marketvalue Volume PRN Call (a) (b) (c) Managers (a) (b) (c) -------------- -------- --------- ----------- --------- --- ---- ---- --------- ------ -------- ---- --------- ---- Time Warner Inc common 887317303 74,963,793 1,301,003 SH 1,301,003 1 1,301,003 Walt Disney Co/The common 254687106 23,564,162 414,862 SH 414,862 1 414,862 Merck & Co Inc common 58933Y105 9,404,669 212,631 SH 212,631 1 212,631 Edison International common 281020107 40,285,638 800,589 SH 800,589 1 800,589 International Business Machines Corp common 459200101 5,028,121 23,573 SH 23,573 1 23,573 American International Group Inc common 026874784 1,273,063 32,794 SH 32,794 1 32,794 Baxter International Inc common 071813109 1,036,645 14,271 SH 14,271 1 14,271 Mckesson Corp common 58155Q103 2,709,688 25,099 SH 25,099 1 25,099 Valero Energy Corp common 91913Y100 2,437,627 53,586 SH 53,586 1 53,586 Western Digital Corp common 958102105 10,726,886 213,343 SH 213,343 1 213,343 Transocean Ltd common 004826551 2,510,188 48,310 SH 48,310 1 48,310 American Capital Ltd common 02503Y103 1,741,417 119,316 SH 119,316 1 119,316 MVC Capital Inc common 553829102 252,597 19,688 SH 19,688 1 19,688 Entergy Corp common 29364G103 850,894 13,455 SH 13,455 1 13,455 EnerNOC Inc common 292764107 17,835,334 1,027,381 SH 1,027,381 1 1,027,381 Humana Inc common 444859102 823,377 11,914 SH 11,914 1 11,914 Gladstone Capital Corp common 376535100 241,969 26,301 SH 26,301 1 26,301 NRG Energy Inc common 629377508 515,522 19,461 SH 19,461 1 19,461 Grupo Televisa Sab ADR common 40049J206 742,698 27,900 SH 27,900 1 27,900 Principal Financial Group Inc common 74251V102 340,776 10,014 SH 10,014 1 10,014 Philippine Long Distance Telephone Co ADR common 718252604 1,071,194 15,100 SH 15,100 1 15,100 Nuance Communications Inc common 67020Y100 873,148 43,268 SH 43,268 1 43,268 Pultegroup Inc common 745867101 321,816 15,900 SH 15,900 1 15,900 Sysco Corp common 871829107 413,529 11,758 SH 11,758 1 11,758 Chunghwa Telecom Co Ltd ADR common 17133Q502 1,209,401 38,900 SH 38,900 1 38,900 Renewable Energy Group Inc common 75972A301 18,866,100 2,453,329 SH 2,453,329 1 2,453,329 Cobalt International Energy Inc common 19075F106 324,723 11,515 SH 11,515 1 11,515 American Capital Agency Corp common 02503X105 485,144 14,800 SH 14,800 1 14,800 Vishay Intertechnology Inc common 928298108 20,195,634 1,483,882 SH 1,483,882 1 1,483,882 RadioShack Corp common 750438103 256,120 76,000 SH 76,000 1 76,000 Cia De Bebidas Das Americas ADR common 20441W203 3,039,294 71,800 SH 71,800 1 71,800 Quanex Building Products Corp common 747619104 5,590,645 347,245 SH 347,245 1 347,245 AT&T Inc common 00206R102 10,560,850 287,840 SH 287,840 1 287,840 Verizon Communications Inc common 92343V104 3,430,670 69,800 SH 69,800 1 69,800 Exxon Mobil Corp common 30231G102 143,865,301 1,596,552 SH 1,596,552 1 1,596,552 JPMorgan Chase & Co common 46625H100 64,938,616 1,368,281 SH 1,368,281 1 1,368,281 ConocoPhillips common 20825C104 16,628,168 276,675 SH 276,675 1 276,675 DIRECTV common 25490A309 4,826,682 85,262 SH 85,262 1 85,262 Hewlett-Packard Co common 428236103 1,687,920 70,802 SH 70,802 1 70,802 Ca Inc common 12673P105 2,649,067 105,247 SH 105,247 1 105,247 3m Co common 88579Y101 2,790,425 26,248 SH 26,248 1 26,248 Bank Of America Corp common 060505104 3,682,769 302,362 SH 302,362 1 302,362 Chevron Corp common 166764100 7,282,478 61,290 SH 61,290 1 61,290 Kimberly-Clark Corp common 494368103 985,385 10,057 SH 10,057 1 10,057 Staples Inc common 855030102 463,993 34,549 SH 34,549 1 34,549 EI Du Pont de Nemours & Co common 263534109 2,620,277 53,301 SH 53,301 1 53,301 Bristol-Myers Squibb Co common 110122108 3,316,948 80,528 SH 80,528 1 80,528 Mobile Telesystems Ojsc ADR common 607409109 2,682,615 129,345 SH 129,345 1 129,345 Southwest Airlines Co common 844741108 2,579,627 191,367 SH 191,367 1 191,367 Aflac Inc common 001055102 2,308,648 44,380 SH 44,380 1 44,380 Becton Dickinson And Co common 075887109 41,586,908 434,964 SH 434,964 1 434,964 Coach Inc common 189754104 2,591,632 51,843 SH 51,843 1 51,843 Prudential Financial Inc common 744320102 2,679,385 45,421 SH 45,421 1 45,421 Cme Group Inc/Il common 12572Q105 682,350 11,115 SH 11,115 1 11,115 East West Bancorp Inc common 27579R104 22,352,538 870,765 SH 870,765 1 870,765 Veeco Instruments Inc common 922417100 53,715,585 1,401,398 SH 1,401,398 1 1,401,398 Centrais Eletricas Brasileiras Sa ADR common 15234Q207 1,593,720 466,000 SH 466,000 1 466,000 United Microelectronics Corp ADR common 910873405 1,932,851 1,073,806 SH 1,073,806 1 1,073,806 Seagate Technology Plc common 00B58JVZ5 1,966,087 53,777 SH 53,777 1 53,777 Covidien Plc common 00B68SQD2 2,429,418 35,811 SH 35,811 1 35,811 General Mills Inc common 370334104 854,740 17,334 SH 17,334 1 17,334 Duke Energy Corp common 26441C204 965,883 13,306 SH 13,306 1 13,306 Alcoa Inc common 013817101 322,695 37,875 SH 37,875 1 37,875 Constellation Brands Inc common 21036P108 506,270 10,627 SH 10,627 1 10,627 Bank Of New York Mellon Corp/The common 064058100 914,713 32,680 SH 32,680 1 32,680 Sirius XM Radio Inc common 82967N108 332,070 107,815 SH 107,815 1 107,815 Hollyfrontier Corp common 436106108 3,251,640 63,200 SH 63,200 1 63,200 Herbalife Ltd common G4412G101 2,026,045 54,100 SH 54,100 1 54,100 Prospect Capital Corp common 74348T102 506,688 46,400 SH 46,400 1 46,400 Grupo Financiero Santander Mexico Sab De Cv common 40053C105 973,588 63,138 SH 63,138 1 63,138 General Electric Co common 369604103 70,739,200 3,059,654 SH 3,059,654 1 3,059,654 Metlife Inc common 59156R108 73,011,859 1,920,354 SH 1,920,354 1 1,920,354 Baker Hughes Inc common 057224107 1,635,303 35,236 SH 35,236 1 35,236 Pfizer Inc common 717081103 12,724,634 440,909 SH 440,909 1 440,909 Medtronic Inc common 585055106 1,929,070 41,079 SH 41,079 1 41,079 Wellpoint Inc common 94973V107 3,367,796 50,850 SH 50,850 1 50,850 Costco Wholesale Corp common 22160K105 1,532,971 14,447 SH 14,447 1 14,447 Dow Chemical Co/The common 260543103 1,068,805 33,568 SH 33,568 1 33,568 Mcdonald's Corp common 580135101 2,374,516 23,819 SH 23,819 1 23,819 PepsiCo Inc common 713448108 5,647,584 71,389 SH 71,389 1 71,389 Zimmer Holdings Inc common 98956P102 50,459,757 670,829 SH 670,829 1 670,829 Caterpillar Inc common 149123101 973,803 11,197 SH 11,197 1 11,197 Teva Pharmaceutical Industries Ltd ADR common 881624209 1,280,315 32,266 SH 32,266 1 32,266 Consolidated Edison Inc common 209115104 1,715,492 28,109 SH 28,109 1 28,109 US Bancorp common 902973304 1,368,465 40,332 SH 40,332 1 40,332 Colgate-Palmolive Co common 194162103 1,901,345 16,109 SH 16,109 1 16,109 Fifth Third Bancorp common 316773100 475,159 29,133 SH 29,133 1 29,133 Renaissancere Holdings Ltd common G7496G103 36,941,344 401,580 SH 401,580 1 401,580
[LOGO] DNB [LOGO] 13F US Government report 3/31/2013
Item 6: Investment Item 8: Voting Item 1 Item 2 Item 3 Item 4 Item 5 Discretion Item 7 Authority ------ -------- --------- ----------- ------------------ --------------------- -------- ------------------- Shared Title of SH/ Put/ Sole Shared Other Other Sole Shared None Name of Issuer Class Cusip Marketvalue Volume PRN Call (a) (b) (c) Managers (a) (b) (c) -------------- -------- --------- ----------- --------- --- ---- ---- --------- ------ -------- ---- --------- ---- Exide Technologies common 302051206 9,730,633 3,603,938 SH 3,603,938 1 3,603,938 GT Advanced Technologies Inc common 36191U106 28,903,900 8,785,380 SH 8,785,380 1 8,785,380 Hercules Technology Growth Capital Inc common 427096508 348,093 28,439 SH 28,439 1 28,439 TICC Capital Corp common 87244T109 308,607 31,047 SH 31,047 1 31,047 Taiwan Semiconductor Manufacturing Co Ltd ADR common 874039100 2,718,598 158,058 SH 158,058 1 158,058 Genworth Financial Inc common 37247D106 420,000 42,000 SH 42,000 1 42,000 Halliburton Co common 406216101 3,049,702 75,469 SH 75,469 1 75,469 Dr Horton Inc common 23331A109 406,636 16,734 SH 16,734 1 16,734 United Technologies Corp common 913017109 1,126,766 12,060 SH 12,060 1 12,060 Marathon Petroleum Corp common 56585A102 3,983,078 44,454 SH 44,454 1 44,454 Isoftstone Holdings Ltd ADR common 46489B108 8,089,234 1,657,630 SH 1,657,630 1 1,657,630 Ocean Rig Udw Inc common Y64354205 815,520 50,622 SH 50,622 1 50,622 Oclaro Inc common 67555N206 2,163,814 1,717,313 SH 1,717,313 1 1,717,313 Camelot Information Systems Inc ADR common 13322V105 6,099,689 3,630,767 SH 3,630,767 1 3,630,767 Esterline Technologies Corp common 297425100 832,810 11,000 SH 11,000 1 11,000 Kraft Foods Group Inc common 50076Q106 1,220,694 23,689 SH 23,689 1 23,689 Banco Bradesco Sa ADR common 059460303 1,469,677 86,350 SH 86,350 1 86,350 Turkcell Iletisim Hizmetleri As ADR common 900111204 1,117,709 67,170 SH 67,170 1 67,170 Unitedhealth Group Inc common 91324P102 57,503,888 1,005,137 SH 1,005,137 1 1,005,137 Amgen Inc common 031162100 6,874,936 67,066 SH 67,066 1 67,066 Apple Inc common 037833100 110,553,925 249,766 SH 249,766 1 249,766 Cardinal Health Inc common 14149Y108 1,135,518 27,283 SH 27,283 1 27,283 Apache Corp common 037411105 19,371,712 251,059 SH 251,059 1 251,059 Informatica Corp common 45666Q102 5,544,258 160,843 SH 160,843 1 160,843 Gilead Sciences Inc common 375558103 2,466,072 50,400 SH 50,400 1 50,400 Oracle Corp common 68389X105 16,719,392 516,988 SH 516,988 1 516,988 Marvell Technology Group Ltd common G5876H105 1,749,625 165,371 SH 165,371 1 165,371 eBay Inc common 278642103 1,792,839 33,066 SH 33,066 1 33,066 News Corp common 65248E104 1,152,161 37,751 SH 37,751 1 37,751 Bb&T Corp common 054937107 448,061 14,274 SH 14,274 1 14,274 Unum Group common 91529Y106 2,197,285 77,780 SH 77,780 1 77,780 Union Pacific Corp common 907818108 3,486,054 24,479 SH 24,479 1 24,479 Archer-Daniels-Midland Co common 039483102 3,499,184 103,741 SH 103,741 1 103,741 Hexcel Corp common 428291108 18,446,966 635,883 SH 635,883 1 635,883 Mcg Capital Corp common 58047P107 267,761 56,017 SH 56,017 1 56,017 Blackstone Group Lp common 09253U108 2,439,177 123,253 SH 123,253 1 123,253 Eli Lilly & Co common 532457108 1,955,677 34,437 SH 34,437 1 34,437 Xerox Corp common 984121103 552,748 64,273 SH 64,273 1 64,273 Ameren Corp common 023608102 1,913,318 54,635 SH 54,635 1 54,635 Best Buy Co Inc common 086516101 2,504,899 113,088 SH 113,088 1 113,088 Franklin Resources Inc common 354613101 43,277,644 286,968 SH 286,968 1 286,968 Annaly Capital Management Inc common 035710409 2,655,998 167,149 SH 167,149 1 167,149 Regions Financial Corp common 7591EP100 1,093,291 133,491 SH 133,491 1 133,491 GameStop Corp common 36467W109 3,250,142 116,201 SH 116,201 1 116,201 Symantec Corp common 871503108 1,580,334 64,033 SH 64,033 1 64,033 Sk Telekom ADR common 78440P108 455,345 25,481 SH 25,481 1 25,481 Focus Media Holding Ltd ADR common 34415V109 3,051,112 113,805 SH 113,805 1 113,805 Legg Mason Inc common 524901105 457,816 14,240 SH 14,240 1 14,240 CIT Group Inc common 125581801 475,758 10,942 SH 10,942 1 10,942 Micron Technology Inc common 595112103 585,746 58,692 SH 58,692 1 58,692 Cameron International Corp common 13342B105 2,621,040 40,200 SH 40,200 1 40,200 Masco Corp common 574599106 276,797 13,669 SH 13,669 1 13,669 Avery Dennison Corp common 053611109 1,332,457 30,937 SH 30,937 1 30,937 Comerica Inc common 200340107 488,776 13,596 SH 13,596 1 13,596 Allstate Corp/The common 020002101 654,888 13,346 SH 13,346 1 13,346 Dr Reddy's Laboratories Ltd ADR common 256135203 1,976,585 61,100 SH 61,100 1 61,100 Cia De Minas Buenaventura Sa ADR common 204448104 893,024 34,400 SH 34,400 1 34,400 Banco Santander Brasil Sa/Brazil common 05967A107 1,364,002 187,879 SH 187,879 1 187,879 URS Corp common 903236107 17,292,611 364,900 SH 364,900 1 364,900 Emerson Electric Co common 291011104 37,077,734 663,643 SH 663,643 1 663,643 Carnival Corp common 143658300 38,151,616 1,112,292 SH 1,112,292 1 1,112,292 Dover Corp common 260003108 7,784,750 106,816 SH 106,816 1 106,816 Dell Inc common 24702R101 2,518,469 175,748 SH 175,748 1 175,748 Corning Inc common 219350105 9,593,921 719,724 SH 719,724 1 719,724 Microsoft Corp common 594918104 35,748,882 1,249,524 SH 1,249,524 1 1,249,524 Google Inc common 38259P508 146,970,983 185,095 SH 185,095 1 185,095 Intel Corp common 458140100 5,620,825 257,246 SH 257,246 1 257,246 Home Depot Inc/The common 437076102 2,599,654 37,255 SH 37,255 1 37,255 United Parcel Service Inc common 911312106 1,434,788 16,703 SH 16,703 1 16,703 America Movil Sab De Cv ADR common 02364W105 6,195,313 295,719 SH 295,719 1 295,719 Vale Sa ADR common 91912E105 1,363,334 78,851 SH 78,851 1 78,851 Partnerre Ltd common G6852T105 3,055,870 32,820 SH 32,820 1 32,820 Cablevision Systems Corp common 12686C109 1,101,624 73,638 SH 73,638 1 73,638 Interpublic Group Of Cos Inc/The common 460690100 340,083 26,100 SH 26,100 1 26,100 CSX Corp common 126408103 491,713 19,964 SH 19,964 1 19,964 Kroger Co/The common 501044101 1,915,426 57,798 SH 57,798 1 57,798 Stryker Corp common 863667101 2,133,022 32,695 SH 32,695 1 32,695 Newmont Mining Corp common 651639106 1,844,291 44,027 SH 44,027 1 44,027 National Oilwell Varco Inc common 637071101 1,768,467 24,996 SH 24,996 1 24,996 Schlumberger Ltd common 806857108 7,025,506 93,811 SH 93,811 1 93,811 International Game Technology common 459902102 1,094,544 66,336 SH 66,336 1 66,336 Macy's Inc common 55616P104 1,587,326 37,938 SH 37,938 1 37,938 Time Warner Cable Inc common 88732J207 3,724,150 38,769 SH 38,769 1 38,769 Kohl's Corp common 500255104 2,350,739 50,959 SH 50,959 1 50,959 Discover Financial Services common 254709108 4,399,477 98,115 SH 98,115 1 98,115 International Flavors & Fragrances Inc common 459506101 45,670,249 595,673 SH 595,673 1 595,673 General Cable Corp common 369300108 25,913,454 707,438 SH 707,438 1 707,438 Capital One Financial Corp common 14040H105 780,565 14,205 SH 14,205 1 14,205 Royal Caribbean Cruises Ltd common 000886286 387,511 11,665 SH 11,665 1 11,665 Safeguard Scientifics Inc common 786449207 228,436 14,458 SH 14,458 1 14,458 Weatherford International Ltd/Switzerland common 003883839 757,973 62,436 SH 62,436 1 62,436
[LOGO] DNB [LOGO] 13F US Government report 3/31/2013
Item 6: Investment Item 8: Voting Item 1 Item 2 Item 3 Item 4 Item 5 Discretion Item 7 Authority ------ -------- --------- ----------- ------------------ --------------------- -------- ------------------- Shared Title of SH/ Put/ Sole Shared Other Other Sole Shared None Name of Issuer Class Cusip Marketvalue Volume PRN Call (a) (b) (c) Managers (a) (b) (c) -------------- -------- --------- ----------- --------- --- ---- ---- --------- ------ -------- ---- --------- ---- Marathon Oil Corp common 565849106 580,287 17,209 SH 17,209 1 17,209 Vale Sa ADR common 91912E204 3,019,679 182,900 SH 182,900 1 182,900 Skywest Inc common 830879102 206,660 12,876 SH 12,876 1 12,876 Phillips 66 common 718546104 3,181,746 45,473 SH 45,473 1 45,473 Eaton Corp PLC common 00B8KQN82 674,485 11,012 SH 11,012 1 11,012 Foster Wheeler AG common 001866678 5,360,610 234,600 SH 234,600 1 234,600 Citigroup Inc common 172967424 112,605,886 2,545,341 SH 2,545,341 1 2,545,341 Abbott Laboratories common 002824100 2,411,508 68,276 SH 68,276 1 68,276 Bed Bath & Beyond Inc common 075896100 37,197,396 577,420 SH 577,420 1 577,420 Express Scripts Holding Co common 30219G108 71,776,960 1,245,047 SH 1,245,047 1 1,245,047 Anadarko Petroleum Corp common 032511107 69,588,425 795,751 SH 795,751 1 795,751 Qualcomm Inc common 747525103 5,255,307 78,496 SH 78,496 1 78,496 Bmc Software Inc common 055921100 1,073,790 23,177 SH 23,177 1 23,177 Procter & Gamble Co/The common 742718109 7,314,535 94,920 SH 94,920 1 94,920 Petroleo Brasileiro Sa ADR common 71654V101 4,995,443 275,231 SH 275,231 1 275,231 Ford Motor Co common 345370860 1,112,424 84,595 SH 84,595 1 84,595 Viacom Inc common 92553P201 782,801 12,714 SH 12,714 1 12,714 Noble Energy Inc common 655044105 15,704,546 135,782 SH 135,782 1 135,782 Western Union Co/The common 959802109 365,457 24,299 SH 24,299 1 24,299 Hess Corp common 42809H107 7,646,516 106,780 SH 106,780 1 106,780 Mylan Inc/Pa common 628530107 35,193,558 1,216,087 SH 1,216,087 1 1,216,087 Mondelez International Inc common 609207105 1,780,645 58,172 SH 58,172 1 58,172 Walgreen Co common 931422109 1,556,847 32,652 SH 32,652 1 32,652 HCP Inc common 40414L109 1,703,517 34,166 SH 34,166 1 34,166 Ares Capital Corp common 04010L103 1,236,845 68,334 SH 68,334 1 68,334 Tyson Foods Inc common 902494103 2,595,130 104,558 SH 104,558 1 104,558 Slm Corp common 78442P106 275,251 13,440 SH 13,440 1 13,440 Starz - Liberty Capital common 85571Q102 235,388 10,627 SH 10,627 1 10,627 Molson Coors Brewing Co common 60871R209 2,086,767 42,648 SH 42,648 1 42,648 KBR Inc common 48242W106 492,973 15,367 SH 15,367 1 15,367 Bunge Ltd common G16962105 44,988,163 609,348 SH 609,348 1 609,348 Murphy Oil Corp common 626717102 2,745,297 43,077 SH 43,077 1 43,077 AGCO Corp common 001084102 39,302,181 754,071 SH 754,071 1 754,071 Laboratory Corp Of America Holdings common 50540R409 1,819,695 20,174 SH 20,174 1 20,174 Calpine Corp common 131347304 23,564,525 1,143,909 SH 1,143,909 1 1,143,909 Loews Corp common 540424108 444,799 10,093 SH 10,093 1 10,093 Itau Unibanco Holding Sa ADR common 465562106 1,953,799 109,764 SH 109,764 1 109,764 Ctrip.Com International Ltd ADR common 22943F100 3,141,791 146,950 SH 146,950 1 146,950 Cbs Corp common 124857202 661,224 14,162 SH 14,162 1 14,162 KKR & CO LP common 48248M102 1,398,111 72,366 SH 72,366 1 72,366 Applied Materials Inc common 038222105 218,646 16,220 SH 16,220 1 16,220 Delta Air Lines Inc common 247361702 1,038,165 62,881 SH 62,881 1 62,881 Comcast Corp common 20030N200 438,514 11,068 SH 11,068 1 11,068 Starbucks Corp common 855244109 875,304 15,367 SH 15,367 1 15,367 Chesapeake Energy Corp common 165167107 499,984 24,497 SH 24,497 1 24,497 Monsanto Co common 61166W101 1,252,455 11,857 SH 11,857 1 11,857 Weyerhaeuser Co common 962166104 408,411 13,015 SH 13,015 1 13,015 Pactera Technology International Ltd ADR common 695255109 39,600,171 6,168,251 SH 6,168,251 1 6,168,251 Berkshire Hathaway Inc common 084670702 1,986,469 19,064 SH 19,064 1 19,064 Lincoln National Corp common 534187109 458,171 14,050 SH 14,050 1 14,050 Goldman Sachs Group Inc/The common 38141G104 1,632,335 11,093 SH 11,093 1 11,093 Telefonica Brasil Sa ADR common 87936R106 1,181,417 44,281 SH 44,281 1 44,281 Vivus Inc common 928551100 562,199 51,109 SH 51,109 1 51,109 Telekomunikasi Indonesia Persero Tbk Pt ADR common 715684106 1,473,586 32,681 SH 32,681 1 32,681 Cia Energetica De Minas Gerais ADR common 204409601 1,343,091 113,341 SH 113,341 1 113,341 Cisco Systems Inc common 17275R102 98,409,318 4,706,328 SH 4,706,328 1 4,706,328 Yahoo! Inc common 984332106 48,024,306 2,040,982 SH 2,040,982 1 2,040,982 Polycom Inc common 73172K104 62,299,749 5,622,721 SH 5,622,721 1 5,622,721 Aetna Inc common 00817Y108 737,150 14,420 SH 14,420 1 14,420 Parker Hannifin Corp common 701094104 40,841,200 445,962 SH 445,962 1 445,962 Mattel Inc common 577081102 49,544,444 1,131,410 SH 1,131,410 1 1,131,410 American Express Co common 025816109 2,473,353 36,664 SH 36,664 1 36,664 Illinois Tool Works Inc common 452308109 3,206,480 52,617 SH 52,617 1 52,617 Stanley Black & Decker Inc common 854502101 2,780,024 34,334 SH 34,334 1 34,334 Target Corp common 87612E106 1,086,986 15,880 SH 15,880 1 15,880 Exelon Corp common 30161N101 2,535,625 73,539 SH 73,539 1 73,539 Leucadia National Corp common 527288104 1,334,195 48,640 SH 48,640 1 48,640 Safeway Inc common 786514208 2,955,442 112,161 SH 112,161 1 112,161 Wells Fargo & Co common 949746101 8,598,695 232,460 SH 232,460 1 232,460 Apollo Investment Corp common 03761U106 799,977 95,691 SH 95,691 1 95,691 Southern Co/The common 842587107 1,206,126 25,706 SH 25,706 1 25,706 O2micro International Ltd ADR common 67107W100 7,819,282 2,506,180 SH 2,506,180 1 2,506,180 Amerisourcebergen Corp common 03073E105 2,117,065 41,148 SH 41,148 1 41,148 Garmin Ltd common 011440532 779,050 23,579 SH 23,579 1 23,579 Mosaic Co/The common 61945C103 48,024,260 805,641 SH 805,641 1 805,641 Nasdaq Omx Group Inc/The common 631103108 2,495,950 77,274 SH 77,274 1 77,274 Assurant Inc common 04621X108 2,818,211 62,613 SH 62,613 1 62,613 Varian Medical Systems Inc common 92220P105 771,552 10,716 SH 10,716 1 10,716 Johnson Controls Inc common 478366107 37,465,071 1,068,294 SH 1,068,294 1 1,068,294 Suntrust Banks Inc common 867914103 1,104,748 38,346 SH 38,346 1 38,346 Wynn Resorts Ltd common 983134107 2,298,939 18,368 SH 18,368 1 18,368 LSB Industries Inc common 502160104 7,515,819 216,096 SH 216,096 1 216,096 Siliconware Precision Industries Co ADR common 827084864 760,092 130,600 SH 130,600 1 130,600 Green Plains Renewable Energy Inc common 393222104 22,146,982 1,935,925 SH 1,935,925 1 1,935,925 KeyCorp common 493267108 500,868 50,288 SH 50,288 1 50,288 Bancolombia Sa ADR common 05968L102 1,654,683 26,161 SH 26,161 1 26,161 Frontier Communications Corp common 35906A108 252,646 63,479 SH 63,479 1 63,479 Infosys Ltd ADR common 456788108 1,719,729 31,900 SH 31,900 1 31,900 General Motors Co common 37045V100 439,055 15,782 SH 15,782 1 15,782 Key Energy Services Inc common 492914106 21,274,939 2,633,037 SH 2,633,037 1 2,633,037 Gran Tierra Energy Inc common 38500T101 229,512 39,300 SH 39,300 1 39,300
[LOGO] DNB [LOGO] 13F US Government report 3/31/2013
Item 6: Investment Item 8: Voting Item 1 Item 2 Item 3 Item 4 Item 5 Discretion Item 7 Authority ------ -------- --------- ----------- ------------------ --------------------- -------- ------------------- Shared Title of SH/ Put/ Sole Shared Other Other Sole Shared None Name of Issuer Class Cusip Marketvalue Volume PRN Call (a) (b) (c) Managers (a) (b) (c) -------------- -------- --------- ----------- --------- --- ---- ---- --------- ------ -------- ---- --------- ---- Netgear Inc common 64111Q104 7,020,345 209,500 SH 209,500 1 209,500 Braskem SA common 105532105 1,293,070 95,500 SH 95,500 1 95,500 Facebook Inc common 30303M102 803,365 31,406 SH 31,406 1 31,406 Ecopetrol Sa ADR common 279158109 736,020 13,500 SH 13,500 1 13,500 Qihoo 360 Technology Co Ltd ADR common 74734M109 7,783,801 262,700 SH 262,700 1 262,700 Johnson & Johnson common 478160104 108,623,642 1,332,315 SH 1,332,315 1 1,332,315 Sprint Nextel Corp common 852061100 876,951 141,216 SH 141,216 1 141,216 Coca-Cola Co/The common 191216100 58,684,951 1,451,161 SH 1,451,161 1 1,451,161 Activision Blizzard Inc common 00507V109 67,457,847 4,629,914 SH 4,629,914 1 4,629,914 Comcast Corp common 20030N101 6,073,386 144,570 SH 144,570 1 144,570 Emc Corp/Ma common 268648102 1,194,094 49,983 SH 49,983 1 49,983 Public Service Enterprise Group Inc common 744573106 2,552,595 74,333 SH 74,333 1 74,333 SanDisk Corp common 80004C101 11,354,860 206,452 SH 206,452 1 206,452 Pnc Financial Services Group Inc/The common 693475105 85,726,081 1,289,114 SH 1,289,114 1 1,289,114 Cemex Sab De Cv ADR common 151290889 4,378,970 358,638 SH 358,638 1 358,638 Sapient Corp common 803062108 2,196,638 180,200 SH 180,200 1 180,200 H&R Block Inc common 093671105 1,475,884 50,166 SH 50,166 1 50,166 Lowe's Cos Inc common 548661107 1,300,277 34,290 SH 34,290 1 34,290 Occidental Petroleum Corp common 674599105 2,109,956 26,923 SH 26,923 1 26,923 FuelCell Energy Inc common 35952H106 5,040,190 5,340,316 SH 5,340,316 1 5,340,316 CVS Caremark Corp common 126650100 3,354,005 60,993 SH 60,993 1 60,993 Td Ameritrade Holding Corp common 87236Y108 32,237,762 1,563,422 SH 1,563,422 1 1,563,422 Ameriprise Financial Inc common 03076C106 3,003,742 40,784 SH 40,784 1 40,784 Nike Inc common 654106103 1,000,692 16,958 SH 16,958 1 16,958 Yingli Green Energy Holding Co Ltd ADR common 98584B103 928,785 488,834 SH 488,834 1 488,834 Visa Inc common 92826C839 2,571,717 15,142 SH 15,142 1 15,142 Lexmark International Inc common 529771107 3,684,146 139,551 SH 139,551 1 139,551 CF Industries Holdings Inc common 125269100 3,123,781 16,409 SH 16,409 1 16,409 Kt Corp ADR common 48268K101 1,296,578 82,532 SH 82,532 1 82,532 Saic Inc common 78390X101 935,031 69,006 SH 69,006 1 69,006 Hartford Financial Services Group Inc common 416515104 554,003 21,473 SH 21,473 1 21,473 Hdfc Bank Ltd ADR common 40415F101 894,338 23,900 SH 23,900 1 23,900 Tata Motors Ltd ADR common 876568502 1,485,275 60,847 SH 60,847 1 60,847 Nabors Industries Ltd common G6359F103 257,119 15,852 SH 15,852 1 15,852 Morgan Stanley common 617446448 805,655 36,654 SH 36,654 1 36,654 Hudson City Bancorp Inc common 443683107 376,099 43,530 SH 43,530 1 43,530 Charles Schwab Corp/The common 808513105 236,338 13,360 SH 13,360 1 13,360 United Continental Holdings Inc common 910047109 982,707 30,700 SH 30,700 1 30,700 Pacific Drilling Sa common 061169563 931,556 92,142 SH 92,142 1 92,142 Tenneco Inc common 880349105 46,606,172 1,185,606 SH 1,185,606 1 1,185,606 Universal Display Corp common 91347P105 12,162,640 413,836 SH 413,836 1 413,836 Scorpio Tankers Inc common Y7542C106 10,576,738 1,185,733 SH 1,185,733 1 1,185,733 AbbVie Inc common 00287Y109 2,429,509 59,576 SH 59,576 1 59,576 Acorn Energy Inc common 004848107 1,565,109 212,940 SH 212,940 1 212,940 Navios Maritime Acq Corp common Y62159101 7,688,415 2,228,526 SH 2,228,526 1 2,228,526