13F-HR 1 d74240_13f-hr.txt QUARTERLY REPORT 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: Baring Asset Management, Inc. Address: Independence Wharf, 470 Atlantic Ave Boston, MA 02110-2208 13F File Number: 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 submission. Person Signing this Report on Behalf of Reporting Manager: Name: Patricia Ballard Title: Compliance Manager (US) Phone: 617-946-5225 Signature, Place, and Date of Signing: /s/ Patricia Ballard, Boston, MA May 9, 2008 ----------------------------------- ---------------- -------------------- Report Type (Check only one.): |X| 13F HOLDINGS REPORT. |_| 13F NOTICE. |_| 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 151 Form 13F Information Table Value Total: $2,298,601 (thousands) List of Other Included Managers: NONE 13 F REPORT REPORTING MANAGER: BARING ASSET MANAGEMENT, INC. As of Date: 31st March 2008
ITEM 1 / ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ---Investment Discretion--- ---Voting Authority--- Name of Issuer/ Fair Market Shares or Shared Title of Class Cusip Code Value Principal Sole Shared Other Mgrs Sole Shared None WEATHERFORD INTL COM G95089101 2,560,147 35,327 35,327 - - - 35,327 - - AGCO CORP COM 001084102 1,424,665 23,792 23,792 - - - 23,792 - - ABBOTT LABS COM 002824100 6,082,052 110,282 110,282 - - - 110,282 - - AGNICO EAGLE MINE COM 008474108 43,018,477 617,904 617,904 - - - 611,716 - 6,188 AGRIUM INC COM 008916108 1,430,455 23,031 23,031 - - - 23,031 - - ALEXANDER&BALDWIN COM 014482103 1,433,185 33,268 33,268 - - - 33,268 - - ALLEGHENY TECH COM 01741R102 6,544,212 91,707 91,707 - - - 91,707 - - ALTRIA GROUP COM 02209S103 6,696,586 301,648 301,648 - - - 293,834 - 7,814 AMERICA MOVIL SA ADR 02364W105 126,457,324 1,985,513 1,985,513 - - - 1,950,771 - 34,742 AMER INTL GROUP COM 026874107 10,378,530 239,966 239,966 - - - 219,660 - 20,306 AMGEN INC COM 031162100 354,712 8,490 8,490 - - - 3,540 - 4,950 ANDERSONS INC COM 034164103 1,501,439 33,657 33,657 - - - 33,657 - - APOLLO GROUP INC COM 037604105 1,123,243 26,001 26,001 - - - 26,001 - - APPLE INC COM 037833100 12,694,584 88,464 88,464 - - - 88,464 - - ARACRUZ CELULOSE ADR 038496204 1,443,221 21,143 21,143 - - - 21,143 - - ARCHER-DANIELS COM 039483102 6,091,597 147,998 147,998 - - - 135,807 - 12,191 ASIA PAC FD INC ITR 044901106 296,250 15,000 15,000 - - - - - 15,000 BADGER METER COM 056525108 1,730,635 40,061 40,061 - - - 40,061 - - BCO ITAU HLDG FIN ADR 059602201 26,115,849 1,147,445 1,147,445 - - - 1,147,445 - - BANCOLOMBIA ADR 05968L102 24,221,449 683,064 683,064 - - - 683,064 - - BANK OF AMERICA COM 060505104 1,387,544 36,601 36,601 - - - 36,601 - - BAXTER INTL COM 071813109 16,558,144 286,374 286,374 - - - 278,775 - 7,599 BE AEROSPACE INC COM 073302101 10,398,149 297,515 297,515 - - - 288,260 - 9,255 BERKSHIRE HATHAWY COM 084670207 1,977,020 442 442 - - - 212 - 230 BEST BUY CO INC COM 086516101 1,565,820 37,767 37,767 - - - 37,767 - - BRASIL TELCM PART ADR 105530109 524,662 8,015 8,015 - - - 8,015 - - BUCYRUS INTL INC COM 118759109 6,785,848 66,757 66,757 - - - 66,757 - - BURLINGTON NORTH COM 12189T104 3,549,087 38,485 38,485 - - - 38,485 - - CME GROUP COM 12572Q105 12,559,683 26,774 26,774 - - - 26,454 - 320 CNOOC ADS 126132109 16,910,208 115,200 115,200 - - - 107,800 - 7,400 CTC MEDIA COM 12642X106 530,025 45,100 45,100 - - - 36,800 - 8,300 CDN NATURAL RESRC COM 136385101 40,932,232 597,681 597,681 - - - 597,681 - - CATERPILLAR INC COM 149123101 810,301 10,350 10,350 - - - 3,350 - 7,000 CHEVRON CORP COM 166764100 926,156 10,850 10,850 - - - 5,850 - 5,000 CHINA LIFE INS ADR 16939P106 9,558,997 183,615 183,615 - - - 170,116 - 13,499 CHINA MOBILE LTD ADR 16941M109 50,060,849 667,389 667,389 - - - 667,389 - - CHINA PETROLEUM ADS 16941R108 688,442 8,007 8,007 - - - 8,007 - - CHINA MEDICAL TCH ADR 169483104 1,235,001 30,056 30,056 - - - 30,056 - - CISCO SYSTEMS COM 17275R102 19,112,644 793,385 793,385 - - - 768,788 - 24,597 CITIGROUP INC COM 172967101 1,849,895 86,363 86,363 - - - 83,135 - 3,228 CLEVELAND CLIFFS COM 185896107 2,149,931 17,943 17,943 - - - 17,943 - - COCA-COLA CO COM 191216100 983,050 16,150 16,150 - - - - - 16,150 COCA-COLA FEMSA ADS 191241108 649,372 11,528 11,528 - - - 11,528 - - COLGATE-PALMOLIVE COM 194162103 506,415 6,500 6,500 - - - - - 6,500 CIA SANEAMENTO ADR 20441A102 273,605 6,172 6,172 - - - 6,172 - - COMP VALE RIO ADR 204412100 97,553,273 3,346,596 3,346,596 - - - 3,218,333 - 128,263 COMP VALE RIO ADR 204412209 112,720,985 3,254,070 3,254,070 - - - 3,254,070 - - MINAS BUENAVENTRA ADR 204448104 19,539,693 285,251 285,251 - - - 268,043 - 17,208 CIA DE BEBIDAS ADR 20441W203 1,440,738 19,070 19,070 - - - 19,070 - - COMPASS MINERALS COM 20451N101 2,461,353 41,732 41,732 - - - 41,732 - - CORNING INC COM 219350105 7,162,791 297,953 297,953 - - - 297,953 - - COVANCE INC COM 222816100 5,397,862 65,058 65,058 - - - 59,316 - 5,742 CRESUD ADR 226406106 1,409,651 90,828 90,828 - - - 90,828 - - CUMMINS INC COM 231021106 6,316,299 134,906 134,906 - - - 134,906 - - DARLING INTL INC COM 237266101 1,545,816 119,368 119,368 - - - 119,368 - - DEERE & CO COM 244199105 1,420,168 17,655 17,655 - - - 17,655 - - DEVON ENERGY COM 25179M103 1,559,734 14,950 14,950 - - - 14,950 - - EOG RESOURCES COM 26875P101 1,567,320 13,061 13,061 - - - 13,061 - - EBAY INC COM 278642103 5,336,914 178,851 178,851 - - - 178,851 - - EMERSON ELECTRIC COM 291011104 210,986 4,100 4,100 - - - 4,100 - - EXELON CORP COM 30161N101 2,734,573 33,648 33,648 - - - 33,648 - - EXPRESS SCRIPTS COM 302182100 6,302,459 97,986 97,986 - - - 89,259 - 8,727 EXXON MOBIL CORP COM 30231G102 17,253,813 203,994 203,994 - - - 188,289 - 15,705 FCSTONE GROUP COM 31308T100 1,681,058 60,688 60,688 - - - 60,688 - - FLUOR CORP COM 343412102 1,497,566 10,609 10,609 - - - 10,609 - - FLOWSERVE CORP COM 34354P105 1,631,355 15,629 15,629 - - - 15,629 - - FRANKLIN RES COM 354613101 218,228 2,250 2,250 - - - 2,250 - - FREEPORT-MCMORAN COM 35671D857 10,885,369 113,130 113,130 - - - 113,130 - - GENENTECH INC COM 368710406 9,374,992 115,484 115,484 - - - 110,102 - 5,382 GEN-PROBE INC COM 36866T103 1,637,739 33,978 33,978 - - - 33,978 - - GENERAL ELECTRIC COM 369604103 1,909,865 51,604 51,604 - - - 51,604 - - GERDAU SA SIDERUR ADR 373737105 22,759,365 744,500 744,500 - - - 744,500 - - GILEAD SCIENCES COM 375558103 14,938,598 289,901 289,901 - - - 279,341 - 10,560 GOLDMAN SACHS GRP COM 38141G104 11,173,418 67,558 67,558 - - - 62,458 - 5,100 GOOGLE INC COM 38259P508 13,039,674 29,604 29,604 - - - 28,483 - 1,121 GRUMA SAB DE CV ADR 400131306 482,377 50,300 50,300 - - - 50,300 - - GRUPO AEROPORT ADR 400506101 23,239,980 516,444 516,444 - - - 516,444 - - GUSHAN ENV EGY ADR 40330W106 1,284,781 98,300 98,300 - - - 98,300 - - HALLIBURTON CO COM 406216101 7,112,752 180,848 180,848 - - - 169,314 - 11,534 HONEYWELL INT COM 438516106 225,680 4,000 4,000 - - - 4,000 - - ICICI BANK LTD ADR 45104G104 3,308,171 86,624 86,624 - - - - - 86,624 INTEL CORP COM 458140100 703,621 33,221 33,221 - - - 33,221 - - IBM CORP COM 459200101 1,474,713 12,808 12,808 - - - 8,808 - 4,000 INTERCONTINENTAL COM 45865V100 5,118,341 39,221 39,221 - - - 36,969 - 2,252 ISHARES INC ITR 464286822 25,704,363 434,930 434,930 - - - 434,930 - - ISHARES INC ITR 464286871 1,546,158 86,137 86,137 - - - 86,137 - - JOHNSON & JOHNSON COM 478160104 20,250,143 312,165 312,165 - - - 302,719 - 9,446 JONES LANG LASALL COM 48020Q107 8,941,974 115,619 115,619 - - - 115,619 - - KIRBY CORP COM 497266106 1,804,905 31,665 31,665 - - - 31,665 - - LAYNE CHRISTENSEN COM 521050104 1,425,034 40,692 40,692 - - - 40,692 - - LINDSAY CORP COM 535555106 2,309,571 22,539 22,539 - - - 22,539 - - LOCKHEED MARTIN COM 539830109 8,313,297 83,719 83,719 - - - 81,764 - 1,955 MEMC ELECTRONICS COM 552715104 1,881,615 26,539 26,539 - - - 26,539 - - MANITOWOC CO COM 563571108 1,582,510 38,787 38,787 - - - 38,787 - - MARATHON OIL COM 565849106 56,481,619 1,238,632 1,238,632 - - - 1,238,632 - - MARVEL ENTERTAIN COM 57383T103 12,345,527 460,826 460,826 - - - 453,713 - 7,113 MASTERCARD COM 57636Q104 1,567,619 7,030 7,030 - - - 7,030 - - MECHEL OAO ADR 583840103 110,297,444 969,307 969,307 - - - 949,396 - 19,911 MERCK & CO INC COM 589331107 1,163,471 30,658 30,658 - - - 30,658 - - METTLER TOLEDO COM 592688105 1,408,240 14,500 14,500 - - - 14,500 - - MICROSOFT CORP COM 594918104 7,263,690 255,944 255,944 - - - 239,422 - 16,522 MOBILE TELESYSTEM ADS 607409109 268,824,611 3,544,161 3,544,161 - - - 3,443,470 - 100,691 MONSANTO CO COM 61166W101 41,612,581 373,207 373,207 - - - 373,207 - - MOSAIC CO COM 61945A107 3,436,177 33,491 33,491 - - - 33,491 - - NVR INC COM 62944T105 4,322,913 7,235 7,235 - - - 7,235 - - NALCO HLDG CO COM 62985Q101 1,576,500 74,539 74,539 - - - 74,539 - - NATIONAL OILWELL COM 637071101 4,174,754 71,510 71,510 - - - 71,510 - - NEW ORIENTAL EDUC ADR 647581107 1,005,330 15,500 15,500 - - - - - 15,500 NEWS CORPORATION COM 65248E104 10,346,907 551,835 551,835 - - - 530,855 - 20,980 NIKE INC COM 654106103 7,631,708 112,231 112,231 - - - 104,310 - 7,921 NORFOLK SOUTHERN COM 655844108 5,836,413 107,445 107,445 - - - 107,445 - - OCCIDENTAL PETRLM COM 674599105 8,037,943 109,853 109,853 - - - 102,510 - 7,343 VIMPEL COMMS ADR 68370R109 196,777,976 6,583,405 6,583,405 - - - 6,544,707 - 38,698 PG & E CORP(HLDG) COM 69331C108 4,655,963 126,452 126,452 - - - 114,384 - 12,068 PACIFIC ETHANOL COM 69423U107 1,140,656 259,240 259,240 - - - 259,240 - - PEABODY ENERGY COM 704549104 6,306,405 123,655 123,655 - - - 123,655 - - PEPSICO INC COM 713448108 9,178,787 127,130 127,130 - - - 124,080 - 3,050 PFIZER INC COM 717081103 627,900 30,000 30,000 - - - 6,000 - 24,000 PETROLEO BRASIL ADS 71654V408 100,358,097 982,843 982,843 - - - 929,060 - 53,783 PLUM CREEK TIMBER COM 729251108 1,568,252 38,532 38,532 - - - 38,532 - - POTASH SASKATCHWN COM 73755L107 106,919,823 688,872 688,872 - - - 687,744 - 1,128 PRAXAIR INC COM 74005P104 210,575 2,500 2,500 - - - 2,500 - - PROCTER & GAMBLE COM 742718109 8,518,057 121,565 121,565 - - - 111,783 - 9,782 RANDGOLD RESOURCE ADR 752344309 17,071,656 368,400 368,400 - - - 345,300 - 23,100 RAYONIER INC COM 754907103 1,591,381 36,634 36,634 - - - 36,634 - - RESEARCH IN MOT COM 760975102 11,302,685 100,710 100,710 - - - 97,066 - 3,644 ROPER INDUSTRIES COM 776696106 1,611,953 27,119 27,119 - - - 27,119 - - SADIA SA ADR 786326108 22,982,901 1,291,900 1,291,900 - - - 1,291,900 - - ST JUDE MEDICAL COM 790849103 15,966,392 369,678 369,678 - - - 355,838 - 13,840 SCHLUMBERGER LTD COM 806857108 37,736,946 433,758 433,758 - - - 420,918 - 12,840 SCHWAB (CHARLES) COM 808513105 680,723 36,151 36,151 - - - 36,151 - - TELEFONOS MEXICO ADR 879403780 519,331 13,812 13,812 - - - 13,812 - - TERRA NITROGEN COM 881005201 1,335,365 11,971 11,971 - - - 11,971 - - TEVA PHARM INDS ADR 881624209 43,412,502 939,868 939,868 - - - 915,051 - 24,817 THOMPSON CREEK MT COM 884768102 26,642,117 1,458,724 1,458,724 - - - 1,458,724 - - TITAN MACHINERY COM 88830R101 1,584,488 84,732 84,732 - - - 84,732 - - TOLL BROS INC COM 889478103 977,872 41,647 41,647 - - - 41,647 - - US BANCORP COM 902973304 2,206,628 68,190 68,190 - - - 68,190 - - UNIBANCO-UNIAO GDR 90458E107 43,398,245 372,070 372,070 - - - 359,416 - 12,654 US STEEL COM 912909108 2,100,206 16,554 16,554 - - - 16,554 - - UNITED TECHNOLOGY COM 913017109 1,678,106 24,384 24,384 - - - 20,464 - 3,920 VALERO ENERGY(NEW COM 91913Y100 12,321,453 250,895 250,895 - - - 250,895 - - VARIAN SEMICON EQ COM 922207105 655,050 23,270 23,270 - - - 23,270 - - VERIZON COMMS COM 92343V104 1,402,487 38,477 38,477 - - - 38,477 - - WAL-MART COM 931142103 9,893,357 187,801 187,801 - - - 187,801 - - WELLS FARGO & CO COM 949746101 9,556,585 328,405 328,405 - - - 328,405 - - WIMM BILL DANN ADR 97263M109 52,127,272 508,658 508,658 - - - 492,487 - 16,171 YUM! BRANDS INC COM 988498101 945,134 25,400 25,400 - - - 25,400 - - SPDR TRUST ITR 78462F103 1,392,284 10,550 10,550 - - - 6,000 - 4,550 SELECT SECTOR ITR 81369Y803 1,564,886 69,861 69,861 - - - 53,312 - 16,549 XTO ENERGY COM 98385X106 8,873,878 143,451 143,451 - - - 143,451 - - Count 151 Total Market Value 2,298,601,154