Oldfield Partners

Horseman Capital Management as of June 30, 2011

Portfolio Holdings for Horseman Capital Management

Horseman Capital Management holds 4 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 58.9 $27M 80k 335.67
Google 25.9 $12M 23k 506.38
3M Company (MMM) 12.7 $5.8M 61k 94.85
Starbucks Corporation (SBUX) 2.6 $1.2M 30k 39.49