Itau USA Asset Management

Itau USA Asset Management as of Dec. 31, 2011

Portfolio Holdings for Itau USA Asset Management

Itau USA Asset Management holds 110 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
America Movil Sab De Cv spon adr l 8.8 $18M 802k 22.60
Banco Itau Holding Financeira (ITUB) 7.2 $15M 795k 18.56
iShares MSCI Emerging Markets Indx (EEM) 6.5 $13M 349k 37.94
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 5.2 $11M 98k 109.75
Vale (VALE) 5.0 $10M 482k 21.45
iShares MSCI Pacific ex-Japan Idx (EPP) 4.8 $10M 256k 38.93
iShares S&P GSCI Commodity-Indexed (GSG) 4.7 $9.7M 294k 32.98
iShares Russell 2000 Index (IWM) 4.7 $9.6M 131k 73.75
Petroleo Brasileiro SA (PBR) 3.4 $6.9M 279k 24.85
Banco Bradesco SA (BBD) 3.0 $6.2M 371k 16.68
iShares iBoxx $ High Yid Corp Bond (HYG) 3.0 $6.1M 69k 89.42
iShares MSCI Canada Index (EWC) 2.8 $5.7M 216k 26.60
iShares Dow Jones US Real Estate (IYR) 2.7 $5.5M 97k 56.80
Petroleo Brasileiro SA (PBR.A) 2.6 $5.3M 225k 23.49
Vale 2.3 $4.7M 226k 20.60
Fomento Economico Mexicano SAB (FMX) 2.1 $4.4M 63k 69.72
Telefonica Brasil Sa 1.9 $3.8M 140k 27.32
Companhia de Bebidas das Americas 1.7 $3.6M 98k 36.09
Compania de Minas Buenaventura SA (BVN) 1.6 $3.2M 84k 38.33
Apple (AAPL) 1.3 $2.6M 6.5k 405.04
Exxon Mobil Corporation (XOM) 1.1 $2.2M 26k 84.73
iShares MSCI Japan Index 1.0 $2.1M 230k 9.11
International Business Machines (IBM) 0.9 $1.9M 10k 183.81
Companhia Brasileira de Distrib. 0.9 $1.8M 49k 36.45
Sociedad Quimica y Minera (SQM) 0.8 $1.6M 30k 53.87
Banco Santander-Chile (BSAC) 0.7 $1.4M 18k 75.70
Cemex SAB de CV (CX) 0.6 $1.2M 226k 5.39
Companhia Energetica Minas Gerais (CIG) 0.6 $1.2M 68k 17.79
EMC Corporation 0.6 $1.2M 54k 21.54
BRF Brasil Foods SA (BRFS) 0.6 $1.2M 60k 19.54
JPMorgan Chase & Co. (JPM) 0.6 $1.1M 34k 33.24
ConocoPhillips (COP) 0.6 $1.2M 16k 72.91
Starbucks Corporation (SBUX) 0.5 $1.1M 23k 46.01
Companhia Paranaense de Energia 0.5 $1.0M 50k 20.97
Spdr S&p 500 Etf (SPY) 0.5 $1.0M 8.2k 125.57
Pfizer (PFE) 0.5 $957k 44k 21.66
Intel Corporation (INTC) 0.5 $942k 39k 24.21
Philip Morris International (PM) 0.5 $940k 12k 78.51
Capital One Financial (COF) 0.5 $931k 22k 42.25
Dollar Tree (DLTR) 0.4 $864k 10k 82.97
General Electric Company 0.4 $842k 47k 17.90
Honeywell International (HON) 0.4 $778k 14k 54.44
Directv 0.4 $749k 18k 42.82
UnitedHealth (UNH) 0.3 $682k 14k 50.66
Cognizant Technology Solutions (CTSH) 0.3 $651k 10k 64.38
Cash America International 0.3 $593k 13k 46.64
Valeant Pharmaceuticals Int 0.3 $600k 13k 46.69
eBay (EBAY) 0.3 $584k 19k 30.31
Discovery Communications 0.3 $576k 14k 40.95
Estee Lauder Companies (EL) 0.3 $580k 5.2k 112.29
Alliant Techsystems 0.3 $580k 10k 57.17
CSX Corporation (CSX) 0.3 $545k 26k 21.04
Laboratory Corp. of America Holdings (LH) 0.2 $522k 6.1k 85.86
Anadarko Petroleum Corporation 0.2 $517k 6.8k 76.37
Loews Corporation (L) 0.2 $488k 13k 37.68
Autoliv (ALV) 0.2 $494k 9.2k 53.42
Qualcomm (QCOM) 0.2 $492k 9.0k 54.78
Total System Services 0.2 $464k 24k 19.56
Procter & Gamble Company (PG) 0.2 $471k 7.1k 66.70
FedEx Corporation (FDX) 0.2 $453k 5.4k 83.55
Walt Disney Company (DIS) 0.2 $452k 12k 37.47
Merck & Co (MRK) 0.2 $451k 12k 37.75
Rock-Tenn Company 0.2 $449k 7.8k 57.76
Rockwood Holdings 0.2 $458k 12k 39.26
American Express Company (AXP) 0.2 $436k 9.2k 47.23
Schlumberger (SLB) 0.2 $426k 6.2k 68.27
Texas Instruments Incorporated (TXN) 0.2 $439k 15k 29.01
Hansen Natural Corporation 0.2 $410k 4.5k 92.05
BGC Partners 0.2 $405k 68k 5.94
Empresa Nacional de Electricidad 0.2 $410k 9.3k 44.26
Time Warner 0.2 $400k 11k 36.06
Rent-A-Center (UPBD) 0.2 $388k 11k 36.86
Altria (MO) 0.2 $383k 13k 29.71
Devon Energy Corporation (DVN) 0.2 $376k 6.1k 61.96
3M Company (MMM) 0.2 $369k 4.5k 81.76
CIGNA Corporation 0.2 $374k 8.9k 42.15
Regal-beloit Corporation (RRX) 0.2 $369k 7.2k 51.07
Cardinal Health (CAH) 0.2 $354k 8.7k 40.63
Anheuser-Busch InBev NV (BUD) 0.2 $352k 5.8k 60.83
Dr Pepper Snapple 0.2 $340k 8.6k 39.42
McDonald's Corporation (MCD) 0.2 $321k 3.2k 100.19
DaVita (DVA) 0.2 $326k 4.3k 75.81
CareFusion Corporation 0.2 $328k 13k 25.43
Broadridge Financial Solutions (BR) 0.1 $305k 14k 22.51
PNC Financial Services (PNC) 0.1 $307k 5.3k 57.73
AFLAC Incorporated (AFL) 0.1 $313k 7.2k 43.36
Hewlett-Packard Company 0.1 $316k 12k 25.70
Reinsurance Group of America (RGA) 0.1 $284k 5.4k 52.19
McKesson Corporation (MCK) 0.1 $278k 3.6k 77.83
Amphenol Corporation (APH) 0.1 $291k 6.4k 45.47
General Motors Company (GM) 0.1 $280k 14k 20.35
Marathon Oil Corporation (MRO) 0.1 $256k 8.7k 29.30
Ca 0.1 $220k 11k 20.25
FactSet Research Systems (FDS) 0.1 $224k 2.6k 87.23
Harman International Industries 0.1 $212k 5.6k 38.20
AZZ Incorporated (AZZ) 0.1 $156k 3.4k 45.88
Timken Company (TKR) 0.1 $139k 3.6k 38.61
iShares S&P/Citigroup 1-3 Year Int Trsry (ISHG) 0.1 $152k 1.6k 96.82
Marathon Petroleum Corp (MPC) 0.1 $144k 4.4k 32.96
Potash Corp. Of Saskatchewan I 0.1 $127k 3.1k 41.34
Energizer Holdings 0.1 $130k 1.7k 77.84
TCF Financial Corporation 0.1 $131k 13k 10.26
Bio-Rad Laboratories (BIO) 0.1 $113k 1.2k 96.01
Big Lots (BIG) 0.1 $108k 2.9k 37.89
iShares S&P Latin America 40 Index (ILF) 0.0 $75k 1.8k 42.61
Meritor 0.0 $89k 17k 5.36
Harris Corporation 0.0 $999.970000 19.00 52.63
Sara Lee 0.0 $297.000000 15.00 19.80
F5 Networks (FFIV) 0.0 $999.990000 9.00 111.11
iShares MSCI Brazil Index (EWZ) -0.2 $-345k -6.0k 57.50