13F-HR 1 holoweskoform13f033108.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: March 31, 2008 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: Holowesko Partners Ltd. Address: Shipston House, Lyford Cay P.O. Box N-7776 Nassau, Bahamas Form 13F File Number: 028-13025 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: Gregory P. Cleare Title: Vice President and Chief Financial Officer Phone: 242-362-4600 Signature, Place, and Date of Signing: /s/GREGORY P. CLEARE Nassau, Bahamas May 1, 2008 [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).) Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 31 Form 13F Information Table Value Total: $1,234,959 (thousands) 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. Form 13F No. File Number Name FORM 13F INFORMATION TABLE FOR THE PERIOD ENDED 03/31/2008 REPORTING MANAGER: HOLOWESKO PARTNERS LTD. ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ VALUE SHRS OR SH/ PUT/ INVEST- OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL MENT MANA- DISCRE- GERS SOLE SHARED NONE TION ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN INTL GROUP INC COM 026874107 56614 1309000 SH SOLE 1309000 0 0 ANHEUSER BUSCH COS INC COM 035229103 40242 848100 SH SOLE 848100 0 0 BANK OF AMERICA CORPORATION COM 060505104 94168 2484000 SH SOLE 2484000 0 0 BP PLC SPONSORED ADR 055622104 37178 613000 SH SOLE 613000 0 0 CISCO SYS INC COM 17275R102 52034 2160000 SH SOLE 2160000 0 0 CROSSTEX ENERGY INC COM 22765Y104 26379 777000 SH SOLE 777000 0 0 GANNETT INC COM 364730101 32933 1133650 SH SOLE 1133650 0 0 GENERAL ELECTRIC CO COM 369604103 50741 1371000 SH SOLE 1371000 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 15402 363000 SH SOLE 363000 0 0 JOHNSON & JOHNSON COM 478160104 99919 1540300 SH SOLE 1540300 0 0 KOOKMIN BK NEW SPONSORED ADR 50049M109 30197 538746 SH SOLE 538746 0 0 KRAFT FOODS INC CL A 50075N104 55446 1788000 SH SOLE 1788000 0 0 LOEWS CORP COM 540424108 41105 1022000 SH SOLE 1022000 0 0 M D C HLDGS INC COM 552676108 9 200 SH SOLE 200 0 0 MICROSOFT CORP COM 594918104 36894 1300000 SH SOLE 1300000 0 0 MOTOROLA INC COM 620076109 21483 2310000 SH SOLE 2310000 0 0 NAVTEQ CORP COM 63936L100 17562 258262 SH SOLE 258262 0 0 PACKAGING CORP AMER COM 695156109 1719 77000 SH SOLE 77000 0 0 PFIZER INC COM 717081103 38057 1818300 SH SOLE 1818300 0 0 PLUM CREEK TIMBER CO INC COM 729251108 96136 2362069 SH SOLE 2362069 0 0 SPECTRA ENERGY CORP COM 847560109 47312 2079657 SH SOLE 2079657 0 0 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 29270 2850000 SH SOLE 2850000 0 0 TOLL BROTHERS INC COM 889478103 43661 1859500 SH SOLE 1859500 0 0 TRANE INC COM 892893108 11475 250000 SH SOLE 250000 0 0 US BANCORP DEL COM NEW 902973304 39544 1222000 SH SOLE 1222000 0 0 VALERO ENERGY CORP NEW COM 91913Y100 24918 507400 SH SOLE 507400 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 7879 267000 SH SOLE 267000 0 0 WASTE MGMT INC DEL COM 94106L109 34265 1021000 SH SOLE 1021000 0 0 WEYERHAEUSER CO COM 962166104 46504 715000 SH SOLE 715000 0 0 WYETH COM 983024100 72199 1728900 SH SOLE 1728900 0 0 XTO ENERGY INC COM 98385X106 33714 545000 SH SOLE 545000 0 0 ------------------ GRAND TOTAL 1234959