Quantitative Investment Advisors

Pear Tree Advisors as of Dec. 31, 2011

Portfolio Holdings for Pear Tree Advisors

Pear Tree Advisors holds 18 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
Teva Pharmaceutical Industries (TEVA) 24.0 $8.0M 199k 40.36
Infosys Technologies (INFY) 20.8 $6.9M 135k 51.38
Methanex Corp (MEOH) 11.7 $3.9M 171k 22.82
Vanguard Emerging Markets ETF (VWO) 9.1 $3.0M 79k 38.21
Companhia de Bebidas das Americas 6.3 $2.1M 59k 36.09
Petroleo Brasileiro SA (PBR.A) 6.2 $2.1M 88k 23.49
Fomento Economico Mexicano SAB (FMX) 5.3 $1.8M 26k 69.70
Gold Fields (GFI) 3.4 $1.1M 75k 15.25
Enersis 2.2 $744k 42k 17.63
Banco Santander-Chile (BSAC) 1.9 $634k 8.4k 75.67
Lan Airlines 1.9 $625k 27k 23.24
Tele Norte Leste Participacoes SA 1.7 $572k 60k 9.51
Companhia de Saneamento Basi (SBS) 1.5 $510k 9.2k 55.60
Compania Cervecerias Unidas (CCU) 1.3 $436k 6.9k 63.12
China Yuchai Intl (CYD) 1.0 $321k 23k 13.80
SK Tele 0.9 $308k 23k 13.59
Giant Interactive 0.6 $195k 48k 4.08
Gerdau SA (GGB) 0.3 $86k 11k 7.77