Legg Mason

Legg Mason as of Dec. 31, 2011

Portfolio Holdings for Legg Mason

Legg Mason holds 131 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
Vanguard REIT ETF (VNQ) 5.2 $12M 206k 58.00
Morgan Stanley China A Share Fund (CAF) 4.4 $10M 525k 19.35
Vanguard Dividend Appreciation ETF (VIG) 4.1 $9.4M 172k 54.65
iShares FTSE/Xinhua China 25 Index (FXI) 3.5 $8.0M 229k 34.87
China Fund (CHN) 3.3 $7.7M 375k 20.51
iShares Barclays TIPS Bond Fund (TIP) 3.0 $6.9M 59k 116.70
Macerich Company (MAC) 2.8 $6.3M 125k 50.60
iShares MSCI EAFE Index Fund (EFA) 2.7 $6.2M 125k 49.54
Omega Healthcare Investors (OHI) 2.5 $5.8M 300k 19.35
Kilroy Realty Corporation (KRC) 2.4 $5.6M 147k 38.07
iShares MSCI Japan Index 2.4 $5.5M 600k 9.11
First Potomac Realty Trust 2.3 $5.4M 410k 13.05
HCP 2.2 $5.0M 120k 41.44
Liberty Property Trust 2.1 $4.9M 160k 30.88
Entertainment Properties Trust 2.1 $4.9M 112k 43.71
iShares MSCI South Korea Index Fund (EWY) 2.1 $4.8M 93k 52.27
iShares Dow Jones US Technology (IYW) 2.0 $4.7M 74k 63.90
Health Care REIT 2.0 $4.5M 83k 54.53
WisdomTree Dreyfus Chinese Yuan 1.9 $4.4M 175k 25.19
Morgan Stanley Asia Pacific Fund 1.8 $4.2M 318k 13.10
ETFS Physical Platinum Shares 1.8 $4.0M 29k 137.85
Financial Select Sector SPDR (XLF) 1.6 $3.7M 286k 13.00
iShares IBoxx $ Invest Grade Corp Bd (LQD) 1.5 $3.6M 31k 113.76
Chimera Investment Corporation 1.5 $3.4M 1.4M 2.51
iShares Dow Jones US Oil Equip. (IEZ) 1.4 $3.3M 63k 51.93
SPDR Barclays Capital High Yield B 1.4 $3.2M 84k 38.45
iShares Russell 1000 Value Index (IWD) 1.4 $3.2M 50k 63.48
Mack-Cali Realty (VRE) 1.4 $3.2M 120k 26.69
Regency Centers Corporation (REG) 1.4 $3.2M 85k 37.62
Campus Crest Communities 1.4 $3.1M 308k 10.06
Vanguard Total Stock Market ETF (VTI) 1.3 $3.0M 47k 64.32
Digital Realty Trust (DLR) 1.3 $3.0M 45k 66.69
DCT Industrial Trust 1.2 $2.9M 558k 5.12
MFA Mortgage Investments 1.2 $2.8M 412k 6.72
SPDR Gold Trust (GLD) 1.1 $2.5M 17k 151.99
Market Vectors Junior Gold Miners ETF 1.1 $2.5M 101k 24.71
Hospitality Properties Trust 1.1 $2.5M 109k 22.99
Ramco-Gershenson Properties Trust 1.1 $2.4M 248k 9.83
BioMed Realty Trust 1.0 $2.4M 130k 18.08
Market Vectors Gold Miners ETF 0.9 $2.0M 40k 51.44
Senior Housing Properties Trust 0.9 $2.0M 90k 22.44
PowerShares DB Agriculture Fund 0.9 $2.0M 70k 28.89
Excel Trust 0.9 $2.0M 165k 12.00
iShares FTSE NAREIT Mort. Plus Capp 0.8 $2.0M 155k 12.66
Highwoods Properties (HIW) 0.8 $1.9M 65k 29.68
CommonWealth REIT 0.7 $1.7M 100k 16.64
Ashford Hospitality Tr Inc cv pfd ser e 0.7 $1.6M 67k 24.35
Invesco Mortgage Capital 0.7 $1.6M 114k 14.06
Inland Real Estate Corporation 0.7 $1.6M 210k 7.61
Starwood Property Trust (STWD) 0.7 $1.6M 85k 18.52
Google 0.7 $1.5M 2.3k 646.09
Accenture (ACN) 0.6 $1.5M 27k 53.26
CVS Caremark Corporation (CVS) 0.6 $1.4M 34k 40.80
iShares Russell 1000 Growth Index (IWF) 0.6 $1.3M 23k 57.79
Exelon Corporation (EXC) 0.5 $1.2M 28k 43.39
Kite Realty Group Trust 0.5 $1.2M 264k 4.51
Philip Morris International (PM) 0.4 $942k 12k 78.50
UnitedHealth (UNH) 0.4 $898k 18k 50.73
News Corporation 0.4 $895k 49k 18.19
Arch Capital Group (ACGL) 0.4 $905k 24k 37.24
Anadarko Petroleum Corporation 0.4 $878k 12k 76.35
Fluor Corporation (FLR) 0.4 $865k 17k 50.29
Pepsi (PEP) 0.4 $870k 13k 66.41
Cogdell Spencer 0.4 $871k 205k 4.25
Chevron Corporation (CVX) 0.4 $862k 8.1k 106.49
ConocoPhillips (COP) 0.4 $860k 12k 72.88
iShares Russell 2000 Index (IWM) 0.3 $745k 10k 73.84
Procter & Gamble Company (PG) 0.3 $719k 11k 66.76
Cintas Corporation (CTAS) 0.3 $714k 21k 34.83
ETFS Physical Palladium Shares 0.3 $687k 11k 64.58
Willis Group Holdings 0.3 $641k 17k 38.85
H&R Block (HRB) 0.3 $610k 37k 16.35
Best Buy (BBY) 0.2 $585k 25k 23.40
JPMorgan Chase & Co. (JPM) 0.2 $558k 17k 33.30
Apache Corporation 0.2 $553k 6.1k 90.66
Emcor (EME) 0.2 $510k 19k 26.84
NRG Energy (NRG) 0.2 $486k 27k 18.13
Hewlett-Packard Company 0.2 $426k 17k 25.82
Nuance Communications 0.2 $398k 16k 25.19
HCC Insurance Holdings 0.2 $385k 14k 27.50
Vanguard Emerging Markets ETF (VWO) 0.2 $392k 10k 38.22
iShares Russell 1000 Index (IWB) 0.0 $80k 1.1k 70.18
Exxon Mobil Corporation (XOM) 0.0 $46k 531.00 86.63
General Electric Company 0.0 $49k 2.7k 18.15
Apple (AAPL) 0.0 $50k 122.00 409.84
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.0 $40k 370.00 108.11
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.0 $40k 400.00 100.00
U.S. Bancorp (USB) 0.0 $21k 740.00 28.38
Wells Fargo & Company (WFC) 0.0 $23k 830.00 27.71
Dollar Tree (DLTR) 0.0 $23k 267.00 86.14
Plains Exploration & Production Company 0.0 $20k 528.00 37.88
Allscripts Healthcare Solutions (MDRX) 0.0 $12k 591.00 20.30
Citigroup (C) 0.0 $32k 1.2k 26.51
Goldman Sachs (GS) 0.0 $9.0k 98.00 91.84
Principal Financial (PFG) 0.0 $4.0k 124.00 32.26
Bank of America Corporation (BAC) 0.0 $9.0k 1.4k 6.25
FedEx Corporation (FDX) 0.0 $10k 115.00 86.96
CBS Corporation 0.0 $10k 350.00 28.57
FirstEnergy (FE) 0.0 $5.0k 100.00 50.00
Constellation Energy 0.0 $4.0k 100.00 40.00
Family Dollar Stores 0.0 $8.0k 123.00 65.04
Fidelity National Financial 0.0 $5.0k 302.00 16.56
J.B. Hunt Transport Services (JBHT) 0.0 $7.0k 139.00 50.36
Mercury General Corporation (MCY) 0.0 $10k 200.00 50.00
AFLAC Incorporated (AFL) 0.0 $5.0k 110.00 45.45
MSC Industrial Direct (MSM) 0.0 $4.0k 54.00 74.07
BB&T Corporation 0.0 $6.0k 200.00 30.00
International Business Machines (IBM) 0.0 $2.0k 9.00 222.22
Target Corporation (TGT) 0.0 $5.0k 81.00 61.73
Gannett 0.0 $8.0k 576.00 13.89
Fifth Third Ban (FITB) 0.0 $9.0k 640.00 14.06
Vornado Realty Trust (VNO) 0.0 $8.0k 100.00 80.00
Fastenal Company (FAST) 0.0 $5.0k 94.00 53.19
priceline.com Incorporated 0.0 $6.0k 11.00 545.45
Sears Holdings Corporation 0.0 $2.0k 36.00 55.56
Chico's FAS 0.0 $4.0k 351.00 11.40
Chipotle Mexican Grill (CMG) 0.0 $8.0k 21.00 380.95
Comstock Resources 0.0 $11k 660.00 16.67
First Niagara Financial 0.0 $4.0k 416.00 9.62
Fulton Financial (FULT) 0.0 $2.0k 189.00 10.58
Royal Gold (RGLD) 0.0 $11k 150.00 73.33
Sirius XM Radio 0.0 $4.0k 1.9k 2.05
Greenhill & Co 0.0 $6.0k 150.00 40.00
MGM Resorts International. (MGM) 0.0 $4.0k 350.00 11.43
F5 Networks (FFIV) 0.0 $4.0k 30.00 133.33
Protective Life 0.0 $8.0k 331.00 24.17
CoreLogic 0.0 $6.0k 426.00 14.08
American International (AIG) 0.0 $4.0k 130.00 30.77
Simon Property (SPG) 0.0 $8.0k 55.00 145.45
PowerShares DB US Dollar Index Bullish 0.0 $10k 401.00 24.94
Udr (UDR) 0.0 $5.0k 173.00 28.90