N-Q 1 c19115nvq.txt QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-01570 Van Kampen Comstock Fund -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 522 Fifth Avenue, New York, New York 10036 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Ronald Robison 522 Fifth Avenue, New York, New York 10036 -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 212-762-4000 Date of fiscal year end: 12/31 Date of reporting period: 9/30/07 Item 1. Schedule of Investments. The Fund's schedule of investments as of the close of the reporting period prepared pursuant to Rule 12-12 of Regulation S-X is as follows: VAN KAMPEN COMSTOCK FUND PORTFOLIO OF INVESTMENTS - SEPTEMBER 30, 2007 (UNAUDITED)
NUMBER OF DESCRIPTION SHARES VALUE -------------------------------------------------------------------------------------------------- COMMON STOCKS 96.3% AIRLINES 0.7% Southwest Airlines Co. ................................... 9,271,300 $ 137,215,240 --------------- ALUMINUM 0.7% Alcoa, Inc. .............................................. 3,736,600 146,175,792 --------------- ASSET MANAGEMENT & CUSTODY BANKS 1.5% Bank of New York Mellon Corp. ............................ 6,408,228 282,859,184 --------------- BREWERS 0.7% Anheuser-Busch Cos., Inc. ................................ 2,723,500 136,147,765 --------------- BROADCASTING & CABLE TV 4.3% Clear Channel Communications, Inc. ....................... 2,760,276 103,344,733 Comcast Corp., Class A (a) ............................... 22,400,850 541,652,553 Liberty Media Corp. - Capital, Ser A (a) ................. 1,565,435 195,413,251 --------------- 840,410,537 --------------- CATALOG RETAIL 0.8% Liberty Media Corp. - Interactive, Ser A (a) ............. 8,654,175 166,246,702 --------------- COMMUNICATIONS EQUIPMENT 0.8% Cisco Systems, Inc. (a) .................................. 2,235,300 74,010,783 Ericsson, Class B - ADR (Sweden) ......................... 1,847,428 73,527,634 --------------- 147,538,417 --------------- COMPUTER HARDWARE 2.9% Dell, Inc. (a) ........................................... 8,728,400 240,903,840 Hewlett-Packard Co. ...................................... 2,139,100 106,505,789 IBM Corp. ................................................ 1,760,400 207,375,120 --------------- 554,784,749 --------------- DATA PROCESSING & OUTSOURCED SERVICES 0.6% Computer Sciences Corp. (a) .............................. 638,300 35,680,970 Western Union Co. ........................................ 3,588,500 75,250,845 --------------- 110,931,815 --------------- DIVERSIFIED BANKS 5.4% Barclays PLC - ADR (United Kingdom) ...................... 667,700 32,463,574
U.S. Bancorp ............................................. 3,439,200 111,877,176 Wachovia Corp. ........................................... 11,143,100 558,826,465 Wells Fargo & Co. ........................................ 9,540,900 339,846,858 --------------- 1,043,014,073 --------------- DIVERSIFIED CHEMICALS 2.5% Du Pont (E.I.) de Nemours & Co. .......................... 9,966,100 493,919,916 --------------- DRUG RETAIL 1.8% CVS Caremark Corp. ....................................... 8,820,400 349,552,452 --------------- ELECTRONIC EQUIPMENT MANUFACTURERS 0.1% Cognex Corp. ............................................. 1,275,787 22,657,977 --------------- ELECTRONIC MANUFACTURING SERVICES 0.2% Flextronics International Ltd. (Singapore) (a) ........... 3,054,217 34,146,146 Kemet Corp. (a) .......................................... 1,059,780 7,789,383 --------------- 41,935,529 --------------- GOLD 0.4% Newmont Mining Corp. ..................................... 1,912,200 85,532,706 --------------- HEALTH CARE DISTRIBUTORS 1.2% Cardinal Health, Inc. .................................... 3,796,800 237,413,904 --------------- HEALTH CARE EQUIPMENT 0.6% Boston Scientific Corp. (a) .............................. 8,932,400 124,606,980 --------------- HOME IMPROVEMENT RETAIL 0.7% Home Depot, Inc. ......................................... 1,993,600 64,672,384 Lowe's Cos., Inc. ........................................ 2,565,800 71,893,716 --------------- 136,566,100 --------------- HOUSEHOLD PRODUCTS 2.7% Kimberly-Clark Corp. ..................................... 4,711,800 331,051,068 Procter & Gamble Co. ..................................... 2,625,400 184,670,636 --------------- 515,721,704 --------------- HYPERMARKETS & SUPER CENTERS 2.4% Wal-Mart Stores, Inc. .................................... 10,544,000 460,245,600 ---------------
INDUSTRIAL CONGLOMERATES 1.6% General Electric Co. ..................................... 7,703,200 318,912,480 --------------- INTEGRATED TELECOMMUNICATION SERVICES 4.8% AT&T, Inc. ............................................... 7,606,496 321,830,846 Verizon Communications, Inc. ............................. 13,547,900 599,901,012 --------------- 921,731,858 --------------- INVESTMENT BANKING & BROKERAGE 1.4% Bear Stearns Cos., Inc. .................................. 520,800 63,959,448 Merrill Lynch & Co., Inc. ................................ 2,812,000 200,439,360 --------------- 264,398,808 --------------- LIFE & HEALTH INSURANCE 2.1% AFLAC, Inc. .............................................. 2,039,200 116,315,968 MetLife, Inc. ............................................ 2,466,700 172,002,991 Torchmark Corp. .......................................... 1,791,847 111,667,905 --------------- 399,986,864 --------------- MOVIES & ENTERTAINMENT 6.0% News Corp., Class B ...................................... 8,140,900 190,415,651 Time Warner, Inc. ........................................ 26,271,700 482,348,412 Viacom, Inc., Class B (a) ................................ 12,788,850 498,381,485 --------------- 1,171,145,548 --------------- MULTI-LINE INSURANCE 1.9% American International Group, Inc. ....................... 3,031,400 205,074,210 Genworth Financial, Inc., Class A ........................ 2,457,800 75,528,194 Hartford Financial Services Group, Inc. .................. 857,500 79,361,625 --------------- 359,964,029 --------------- OTHER DIVERSIFIED FINANCIAL SERVICES 8.7% Bank of America Corp. .................................... 13,759,600 691,695,092 Citigroup, Inc. .......................................... 15,155,300 707,297,851 JPMorgan Chase & Co. ..................................... 6,076,800 278,438,976 --------------- 1,677,431,919 --------------- PACKAGED FOODS & MEATS 6.3% Cadbury Schweppes PLC - ADR (United Kingdom) ............. 8,526,100 396,634,172 Kraft Foods, Inc., Class A ............................... 10,786,543 372,243,599 Sara Lee Corp. ........................................... 1,571,200 26,223,328 Unilever N.V. (Netherlands) .............................. 13,978,400 431,233,640 --------------- 1,226,334,739 ---------------
PAPER PRODUCTS 3.6% International Paper Co. .................................. 19,391,313 695,566,397 --------------- PHARMACEUTICALS 14.9% Abbott Laboratories ...................................... 5,684,500 304,802,890 Bristol-Myers Squibb Co. ................................. 19,717,800 568,266,996 Eli Lilly & Co. .......................................... 7,071,500 402,580,495 GlaxoSmithKline PLC - ADR (United Kingdom) ............... 4,476,100 238,128,520 Pfizer, Inc. ............................................. 12,865,100 314,294,393 Roche Holdings AG - ADR (Switzerland) .................... 1,104,908 99,831,421 Sanofi Aventis - ADR (France) ............................ 1,367,900 58,026,318 Schering-Plough Corp. .................................... 14,218,000 449,715,340 Wyeth .................................................... 9,964,900 443,936,295 --------------- 2,879,582,668 --------------- PROPERTY & CASUALTY INSURANCE 4.0% Berkshire Hathaway, Inc., Class A (a) .................... 1,205 142,804,550 Berkshire Hathaway, Inc., Class B (a) .................... 4,400 17,388,800 Chubb Corp. .............................................. 7,885,940 423,001,822 MBIA, Inc. ............................................... 1,175,500 71,764,275 Travelers Cos., Inc. ..................................... 2,532,400 127,481,016 --------------- 782,440,463 --------------- REGIONAL BANKS 0.9% PNC Financial Services Group, Inc. ....................... 2,516,100 171,346,410 --------------- SEMICONDUCTOR EQUIPMENT 0.3% KLA-Tencor Corp. ......................................... 1,145,000 63,868,100 --------------- SEMICONDUCTORS 0.9% Intel Corp. .............................................. 4,177,892 108,040,287 Texas Instruments, Inc. .................................. 1,802,600 65,957,134 --------------- 173,997,421 --------------- SOFT DRINKS 3.1% Coca-Cola Co. ............................................ 10,330,200 593,676,594 --------------- SPECIALTY CHEMICALS 0.9% Rohm & Haas Co. .......................................... 2,988,800 166,386,496 ---------------
SYSTEMS SOFTWARE 0.6% Microsoft Corp. .......................................... 3,793,800 111,765,348 --------------- THRIFTS & MORTGAGE FINANCE 1.8% Federal Home Loan Mortgage Corp. ......................... 4,604,200 271,693,842 Federal National Mortgage Association .................... 1,329,100 80,822,571 --------------- 352,516,413 --------------- TOBACCO 1.5% Altria Group, Inc. ....................................... 4,210,000 292,721,300 --------------- TOTAL LONG-TERM INVESTMENTS 96.3% (Cost $15,855,222,108) ..................................................... 18,657,250,997 --------------- REPURCHASE AGREEMENTS 3.2% Banc of America Securities ($202,193,788 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 5.10%, dated 09/28/07, to be sold on 10/01/07 at $202,279,720) ..... 202,193,788 Citigroup Global Markets, Inc. ($179,727,811 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 4.90%, dated 09/28/07, to be sold on 10/01/07 at $179,801,200) 179,727,811 State Street Bank & Trust Co. ($233,179,401 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 4.55%, dated 09/28/07, to be sold on 10/01/07 at $233,267,815) 233,179,401 --------------- TOTAL REPURCHASE AGREEMENTS (Cost $615,101,000) ........................................................ 615,101,000 --------------- TOTAL INVESTMENTS 99.5% (Cost $16,470,323,108) ..................................................... 19,272,351,997 OTHER ASSETS IN EXCESS OF LIABILITIES 0.5% .................................. 96,385,927 --------------- NET ASSETS 100.0% ............................................................ $19,368,737,924 =============== Percentages are calculated as a percentage of net assets. (a) Non-income producing security as this stock currently does not declare income dividends. ADR - American Depositary Receipt
Item 2. Controls and Procedures. (a) The Fund's principal executive officer and principal financial officer have concluded that the Fund's disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, based upon such officers' evaluation of these controls and procedures as of a date within 90 days of the filing date of the report. (b) There were no changes in the Fund's internal control over financial reporting that occurred during the registrant's fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund's internal control over financial reporting. Item 3. Exhibits. (a) A certification for the Principal Executive Officer of the registrant is attached hereto as part of EX-99.cert. (b) A certification for the Principal Financial Officer of the registrant is attached hereto as part of EX-99.cert. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Van Kampen Comstock Fund By: /s/ Ronald E. Robison --------------------- Name: Ronald E. Robison Title: Principal Executive Officer Date: November 20, 2007 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Ronald E. Robison --------------------- Name: Ronald E. Robison Title: Principal Executive Officer Date: November 20, 2007 By: /s/ Stuart N. Schuldt --------------------- Name: Stuart N. Schuldt Title: Principal Financial Officer Date: November 20, 2007