13F-HR 1 lmie3q1.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: September 30, 2010 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: Legg Mason International Equities Limited Address: Esemplia Emerging Markets 9th Floor, 10 Exchange Square, Primrose St London, England EC2A 2EN 13F File Number: 28-6251 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: Paula Marsh Title: Head of Compliance, Legg Mason Europe Phone: 44-20-7070-7429 Signature, Place, and Date of Signing: Paula Marsh London, England November 12, 2010 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: 27 Form13F Information Table Value Total: $624,663 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 98548 1847873 SH DEFINED 1 1847873 0 0 AU OPTRONICS CORP SPONSORED ADR 002255107 11526 1101886 SH DEFINED 1 1101886 0 0 BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 143 9200 SH DEFINED 1 9200 0 0 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 1175 9500 SH DEFINED 1 9500 0 0 COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 640 39000 SH DEFINED 1 39000 0 0 CPFL ENERGIA S A SPONSORED ADR 126153105 3747 53227 SH DEFINED 1 53227 0 0 DR REDDYS LABS LTD ADR 256135203 12879 399700 SH DEFINED 1 399700 0 0 FIBRIA CELULOSE S A SP ADR REP COM 31573A109 46087 2665495 SH DEFINED 1 2665495 0 0 GAFISA S A SPONS ADR 362607301 34404 2221000 SH DEFINED 1 2221000 0 0 GERDAU S A SPONSORED ADR 373737105 44997 3306101 SH DEFINED 1 3306101 0 0 GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 3894 247700 SH DEFINED 1 247700 0 0 ISHARES INC MSCI TAIWAN 464286731 10903 804600 SH DEFINED 1 804600 0 0 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 107728 4455217 SH DEFINED 1 4455217 0 0 MECHEL OAO SPON ADR PFD 583840509 10911 1325689 SH DEFINED 1 1325689 0 0 MECHEL OAO SPONSORED ADR 583840103 18612 747452 SH DEFINED 1 747452 0 0 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 583 27450 SH DEFINED 1 27450 0 0 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 23994 731065 SH DEFINED 1 731065 0 0 SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 236 3071 SH DEFINED 1 3071 0 0 SK TELECOM LTD SPONSORED ADR 78440P108 511 29200 SH DEFINED 1 29200 0 0 STERLITE INDS INDIA LTD ADS 859737207 13327 889617 SH DEFINED 1 889617 0 0 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 615 60620 SH DEFINED 1 60620 0 0 TAM SA SP ADR REP PFD 87484D103 17135 742733 SH DEFINED 1 742733 0 0 TRANSATLANTIC PETROLEUM LTD SHS G89982105 1890 638297 SH DEFINED 1 638297 0 0 VALE S A ADR 91912E105 2924 93500 SH DEFINED 1 93500 0 0 VALE S A ADR REPSTG PFD 91912E204 156579 5642481 SH DEFINED 1 5642481 0 0 VIVO PARTICIPACOES S A SPON ADR PFD NEW 92855S200 381 14000 SH DEFINED 1 14000 0 0 WSP HOLDINGS LIMITED ADR 92934F104 294 232918 SH DEFINED 1 232918 0 0