TT International as of Dec. 31, 2011

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FORM 13F INFORMATION TABLE












INVESTM
T
VOTING AUTHORITY
NAME OF ISSUER
TITLE OF CLASS
CUSIP
VALUE
SHARES

DSCRETN
SOLE
SHARE
D
NONE


















ANGLOGOLD ASHANTI-SPON ADR
ADR
03512820
6
4913
119095
SOLE
97883
0
21212
BHP BILLITON PLC-ADR
ADR
08860618
1095
18770
SOLE
18770
0
0
CAPITAL ONE FINANCIAL CORP
Com
14040H10
5
1351
31947
SOLE
31947
0
0
DISCOVER FINANCIAL SERVICES
Com
25470910
8
1809
75412
SOLE
75412
0
0
FIFTH THIRD BANCORP
Com
31677310
0
1256
98745
SOLE
98745
0
0
GOODRICH CORP
Com
38238810
6
1841
14887
SOLE
14887
0
0
HANCOCK HOLDING CO
Com
41012010
9
1161
36323
SOLE
36323
0
0
HUNTINGTON BANCSHARES INC
Com
44615010
4
1385
252397
SOLE
252397
0
0
NETLOGIC MICROSYSTEMS INC
Com
64118B10
0
5650
114000
SOLE
114000
0
0
NEW YORK COMMUNITY BANCORP
Com
64929510
2
2214
178999
SOLE
178999
0
0
OCWEN FINANCIAL CORP
Com
67574630
9
1874
129444
SOLE
129444
0
0
PETROLEO BRASILEIRO S.A.-ADR
ADR
71654V40
8
8611
366601
SOLE
301355
0
65246
PNC FINANCIAL SERVICES GROUP
Com
69347510
5
3142
54496
SOLE
54496
0
0
QIAGEN N.V.
Com
N7248210
7
16758
121353
6
SOLE
121353
6
0
0
RYANAIR HOLDINGS PLC-SP ADR
ADR
78351310
4
40113
143983
0
SOLE
131858
0
0
121250
TELEF BRASIL
Com
87936R10
6
7368
269606
SOLE
221703
0
47903