Aristotle Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
COCA COLA CO	COM	191216100	268,301	6,177,780	SH		SOLE	1	3,736,500	0	2,441,280
CULLEN FROST BANKERS INC	COM	229899109	223,020	2,102,577	SH		SOLE	1	1,266,840	0	835,737
KROGER CO	COM	501044101	248,210	10,367,993	SH		SOLE	1	6,330,389	0	4,037,604
MARTIN MARIETTA MATLS INC	COM	573284106	370,548	1,787,496	SH		SOLE	1	1,088,680	0	698,816
MITSUBISHI UFJ FINL GROUP IN	SPONSORED ADS	606822104	189,723	28,572,768	SH		SOLE	1	15,747,425	0	12,825,343
AES CORP	COM	00130H105	210,234	18,490,269	SH		SOLE	1	11,251,995	182,566	7,055,708
AT&T INC	COM	00206R102	317	8,897	SH		SOLE		8,897	0	0
ABBVIE INC	COM	00287Y109	358,522	3,787,873	SH		SOLE	1	2,360,530	0	1,427,343
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	260,108	6,638,790	SH		SOLE	1	4,136,232	0	2,502,558
ADOBE SYS INC	COM	00724F101	708,180	3,277,396	SH		SOLE	1	2,015,584	0	1,261,812
AGNICO EAGLE MINES LTD	COM	008474108	1,778	42,256	SH		SOLE		42,256	0	0
AMERICAN EXPRESS CO	COM	025816109	1,684	18,055	SH		SOLE		17,055	0	1,000
AMERIPRISE FINL INC	COM	03076C106	399,750	2,702,111	SH		SOLE	1	1,642,337	0	1,059,774
AMGEN INC	COM	031162100	388,604	2,279,468	SH		SOLE	1	1,404,174	0	875,294
ANSYS INC	COM	03662Q105	368,571	2,352,229	SH		SOLE	1	1,445,424	0	906,805
APPLE INC	COM	037833100	470	2,800	SH		SOLE		2,800	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	236,732	5,458,430	SH		SOLE	1	3,303,078	0	2,155,352
BOK FINL CORP	COM NEW	05561Q201	228,186	2,305,137	SH		SOLE	1	1,385,843	0	919,294
BP PLC	SPONSORED ADR	055622104	203	5,000	SH		SOLE		5,000	0	0
BANCO BILBAO VIZCAYA ARGENTA	SPONSORED ADR	05946K101	310,742	39,334,374	SH		SOLE	1	21,878,404	223,865	17,232,105
BANK AMER CORP	COM	060505104	491,962	16,404,192	SH		SOLE	1	9,985,947	0	6,418,245
BECTON DICKINSON & CO	COM	075887109	260	1,200	SH		SOLE		0	0	1,200
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,496	5	SH		SOLE		3	0	2
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	608	3,050	SH		SOLE		3,050	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	17,011	436,316	SH		SOLE		306,898	57,457	71,961
CAMECO CORP	COM	13321L108	9,065	997,672	SH		SOLE		744,179	143,024	110,469
CAPITAL ONE FINL CORP	COM	14040H105	341,119	3,559,995	SH		SOLE	1	2,143,444	0	1,416,551
CATERPILLAR INC DEL	COM	149123101	207	1,405	SH		SOLE		1,307	0	98
CHEVRON CORP NEW	COM	166764100	533	4,672	SH		SOLE		2,860	0	1,812
CHURCH & DWIGHT INC	COM	171340102	2,501	49,666	SH		SOLE		31,266	0	18,400
CINTAS CORP	COM	172908105	3,136	18,382	SH		SOLE		12,482	0	5,900
COLGATE PALMOLIVE CO	COM	194162103	1,918	26,762	SH		SOLE		26,762	0	0
COSTCO WHSL CORP NEW	COM	22160K105	207	1,100	SH		SOLE		800	0	300
DANAHER CORP DEL	COM	235851102	435,877	4,451,816	SH		SOLE	1	2,740,783	0	1,711,033
DONALDSON INC	COM	257651109	671	14,900	SH		SOLE		4,900	0	10,000
DOVER CORP	COM	260003108	704	7,170	SH		SOLE		5,570	0	1,600
DOWDUPONT INC	COM	26078J100	317,884	4,989,544	SH		SOLE	1	3,048,828	0	1,940,716
EAST WEST BANCORP INC	COM	27579R104	304,780	4,873,367	SH		SOLE	1	2,944,768	0	1,928,599
ECOLAB INC	COM	278865100	46,743	341,014	SH		SOLE		341,014	0	0
EMERSON ELEC CO	COM	291011104	1,038	15,199	SH		SOLE		1,599	0	13,600
EXXON MOBIL CORP	COM	30231G102	3,809	51,051	SH		SOLE		32,651	0	18,400
FRANKLIN ELEC INC	COM	353514102	1,301	31,934	SH		SOLE		15,934	0	16,000
GENERAL DYNAMICS CORP	COM	369550108	348,430	1,577,319	SH		SOLE	1	1,158,828	0	418,491
GENERAL ELECTRIC CO	COM	369604103	50,475	3,744,412	SH		SOLE		1,415,277	0	2,329,135
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	244	6,249	SH		SOLE		6,249	0	0
GOLDCORP INC NEW	COM	380956409	1,807	130,745	SH		SOLE		130,745	0	0
GRAINGER W W INC	COM	384802104	856	3,033	SH		SOLE		2,383	0	650
HALLIBURTON CO	COM	406216101	229,392	4,886,928	SH		SOLE	1	2,962,270	0	1,924,658
HOME DEPOT INC	COM	437076102	436,977	2,451,622	SH		SOLE	1	1,447,824	0	1,003,798
ILLINOIS TOOL WKS INC	COM	452308109	2,529	16,144	SH		SOLE		10,325	0	5,819
INTEL CORP	COM	458140100	238	4,566	SH		SOLE		4,100	0	466
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	219	1,600	SH		SOLE		1,600	0	0
INTUIT	COM	461202103	1,028	5,930	SH		SOLE		5,930	0	0
JPMORGAN CHASE & CO	COM	46625H100	290,190	2,638,810	SH		SOLE	1	1,619,473	0	1,019,337
JOHNSON & JOHNSON	COM	478160104	5,751	44,875	SH		SOLE		23,314	0	21,561
KIMBERLY CLARK CORP	COM	494368103	1,234	11,204	SH		SOLE		10,404	0	800
KINDER MORGAN INC DEL	COM	49456B101	1,633	108,400	SH		SOLE		108,400	0	0
LENNAR CORP	CL B	526057302	5,730	120,142	SH		SOLE	1	72,571	0	47,571
LOWES COS INC	COM	548661107	39,747	452,957	SH		SOLE		397,750	0	55,207
MASCO CORP	COM	574599106	247	6,100	SH		SOLE		6,100	0	0
MICROSOFT CORP	COM	594918104	515,350	5,646,437	SH		SOLE	1	3,504,006	0	2,142,431
MICROCHIP TECHNOLOGY INC	COM	595017104	466,190	5,102,781	SH		SOLE	1	3,092,519	0	2,010,262
MONDELEZ INTL INC	CL A	609207105	265,665	6,366,287	SH		SOLE	1	3,917,728	0	2,448,559
MORGAN STANLEY	COM NEW	617446448	39,391	730,000	SH		SOLE		730,000	0	0
NATIONAL FUEL GAS CO N J	COM	636180101	276,984	5,383,560	SH		SOLE	1	3,220,298	0	2,163,262
NORDSTROM INC	COM	655664100	1,217	25,133	SH		SOLE		25,133	0	0
OSHKOSH CORP	COM	688239201	389,079	5,035,322	SH		SOLE	1	3,061,131	0	1,974,191
PPG INDS INC	COM	693506107	379,593	3,401,374	SH		SOLE	1	2,067,355	0	1,334,019
PAYPAL HLDGS INC	COM	70450Y103	376,315	4,959,995	SH		SOLE	1	3,035,603	0	1,924,392
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	1,351	30,465	SH		SOLE		30,465	0	0
PEPSICO INC	COM	713448108	4,694	43,007	SH		SOLE		22,695	0	20,312
PFIZER INC	COM	717081103	2,872	80,924	SH		SOLE		35,915	0	45,009
PHILLIPS 66	COM	718546104	369,836	3,855,668	SH		SOLE	1	2,311,939	0	1,543,729
PIONEER NAT RES CO	COM	723787107	247,220	1,439,164	SH		SOLE	1	867,438	0	571,726
PROCTER AND GAMBLE CO	COM	742718109	376	4,739	SH		SOLE		4,739	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	15,581	59,211	SH		SOLE		55,689	0	3,522
SCHLUMBERGER LTD	COM	806857108	13,788	212,837	SH		SOLE		156,929	28,792	27,116
SCHWAB CHARLES CORP NEW	COM	808513105	8,982	172,000	SH		SOLE		172,000	0	0
SMUCKER J M CO	COM NEW	832696405	2,185	17,617	SH		SOLE		10,317	0	7,300
STARBUCKS CORP	COM	855244109	232	4,000	SH		SOLE		0	0	4,000
STRYKER CORP	COM	863667101	225	1,400	SH		SOLE		1,400	0	0
TEXAS INSTRS INC	COM	882508104	1,883	18,126	SH		SOLE		18,126	0	0
3M CO	COM	88579Y101	2,674	12,183	SH		SOLE		7,333	0	4,850
US BANCORP DEL	COM NEW	902973304	657	13,000	SH		SOLE		13,000	0	0
UNILEVER PLC	SPON ADR NEW	904767704	593	10,673	SH		SOLE		10,462	0	211
UNILEVER N V	N Y SHS NEW	904784709	311,762	5,531,075	SH		SOLE	1	3,109,060	45,010	2,377,005
UNION PAC CORP	COM	907818108	690	5,132	SH		SOLE		5,132	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	239	1,900	SH		SOLE		800	0	1,100
V F CORP	COM	918204108	6,934	93,554	SH		SOLE		52,454	0	41,100
VISA INC	COM CL A	92826C839	352	2,940	SH		SOLE		2,940	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	278,726	4,257,307	SH		SOLE	1	2,586,889	0	1,670,418
WELLS FARGO CO NEW	COM	949746101	425	8,100	SH		SOLE		2,500	0	5,600
WILLIAMS SONOMA INC	COM	969904101	246,800	4,677,790	SH		SOLE		1,392,250	0	3,285,540
ZIMMER BIOMET HLDGS INC	COM	98956P102	491	4,500	SH		SOLE		2,000	0	2,500
AXALTA COATING SYS LTD	COM	G0750C108	1,663	55,100	SH		SOLE		55,100	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	22,503	146,599	SH		SOLE		104,860	17,189	24,550
COCA COLA EUROPEAN PARTNERS	SHS	G25839104	15,138	363,371	SH		SOLE		250,730	53,677	58,964
JOHNSON CTLS INTL PLC	SHS	G51502105	321,840	9,132,792	SH		SOLE	1	5,522,063	0	3,610,729
MEDTRONIC PLC	SHS	G5960L103	369,212	4,602,487	SH		SOLE	1	2,849,710	0	1,752,777
SENSATA TECHNOLOGIES HLDNG P	SHS	G8060N102	16,360	315,655	SH		SOLE		226,541	36,097	53,017
CHUBB LIMITED	COM	H1467J104	300,041	2,193,763	SH		SOLE	1	1,343,611	0	850,152
UBS GROUP AG	SHS	H42097107	13,496	764,213	SH		SOLE		606,083	110,157	47,973
ABBOTT LABS	COM	002824100	5,339	89,107	SH		SOLE		57,778	0	31,329
EQT CORP	COM	26884L109	200,036	4,210,388	SH		SOLE	1	2,470,879	0	1,739,509
ISHARES INC	MSCI STH KOR ETF	464286772	270	3,580	SH		SOLE		3,580	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	505	10,470	SH		SOLE		10,470	0	0
ISHARES TR	MSCI EAFE ETF	464287465	428	6,146	SH		SOLE		6,146	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	7,743	64,548	SH		SOLE		62,413	0	2,135
LENNAR CORP	CL A	526057104	389,853	6,614,411	SH		SOLE	1	4,021,489	0	2,592,922
NOVARTIS A G	SPONSORED ADR	66987V109	274,861	3,399,641	SH		SOLE	1	1,903,469	24,543	1,471,629
ORIX CORP	SPONSORED ADR	686330101	12,262	136,459	SH		SOLE		107,317	21,277	7,865
TOTAL S A	SPONSORED ADR	89151E109	12,869	223,071	SH		SOLE		182,345	30,093	10,633
AIR PRODS & CHEMS INC	COM	009158106	48	300	SH		SOLE		300	0	0
ALPHABET INC	CAP STK CL C	02079K107	52	50	SH		SOLE		50	0	0
AMERICAN ELEC PWR INC	COM	025537101	1	9	SH		SOLE		9	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	45	400	SH		SOLE		400	0	0
BCE INC	COM NEW	05534B760	4	93	SH		SOLE		93	0	0
BANK NEW YORK MELLON CORP	COM	064058100	72	1,389	SH		SOLE		1,389	0	0
BAXTER INTL INC	COM	071813109	120	1,841	SH		SOLE		1,781	0	60
BRISTOL MYERS SQUIBB CO	COM	110122108	82	1,291	SH		SOLE		1,291	0	0
CANON INC	SPONSORED ADR	138006309	82	2,250	SH		SOLE		2,250	0	0
CISCO SYS INC	COM	17275R102	22	517	SH		SOLE		0	0	517
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	6	244	SH		SOLE		0	0	244
DELL TECHNOLOGIES INC	COM CL V	24703L103	1	11	SH		SOLE		0	0	11
DENTSPLY SIRONA INC	COM	24906P109	12	240	SH		SOLE		0	0	240
DINE BRANDS GLOBAL INC	COM	254423106	79	1,200	SH		SOLE		0	0	1,200
DISNEY WALT CO	COM DISNEY	254687106	171	1,705	SH		SOLE		880	0	825
DUN & BRADSTREET CORP DEL NE	COM	26483E100	29	250	SH		SOLE		250	0	0
ENBRIDGE INC	COM	29250N105	5	158	SH		SOLE		158	0	0
EQUIFAX INC	COM	294429105	59	500	SH		SOLE		500	0	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	53	572	SH		SOLE		572	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	12	80	SH		SOLE		80	0	0
KRAFT HEINZ CO	COM	500754106	20	327	SH		SOLE		0	0	327
LAMAR ADVERTISING CO NEW	CL A	512816109	68	1,068	SH		SOLE		1,068	0	0
LILLY ELI & CO	COM	532457108	75	968	SH		SOLE		968	0	0
MCDONALDS CORP	COM	580135101	164	1,050	SH		SOLE		1,050	0	0
MERCK & CO INC	COM	58933Y105	6	113	SH		SOLE		70	0	43
NEXTERA ENERGY INC	COM	65339F101	152	930	SH		SOLE		330	0	600
ORACLE CORP	COM	68389X105	12	269	SH		SOLE		0	0	269
PHILIP MORRIS INTL INC	COM	718172109	119	1,200	SH		SOLE		0	0	1,200
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	22	1,000	SH		SOLE		1,000	0	0
QUALCOMM INC	COM	747525103	105	1,900	SH		SOLE		1,900	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	7	161	SH		SOLE		161	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	147	1,900	SH		SOLE		1,900	0	0
S&P GLOBAL INC	COM	78409V104	76	400	SH		SOLE		400	0	0
SUNTRUST BKS INC	COM	867914103	48	700	SH		SOLE		700	0	0
SYSCO CORP	COM	871829107	78	1,300	SH		SOLE		0	0	1,300
TRANSCANADA CORP	COM	89353D107	5	123	SH		SOLE		123	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	7	63	SH		SOLE		63	0	0
NORDIC AMERICAN TANKERS LIMI	COM	G65773106	0	0	SH		SOLE		0	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	30	300	SH		SOLE		0	0	300
AKZO NOBEL N V SPONSO	FOREIGN	010199305	12,131	385,591	SH		SOLE		298,188	67,083	20,320
ASSA ABLOY AB ADR	FOREIGN	045387107	10,171	944,645	SH		SOLE		715,981	179,832	48,832
ASTELLAS PHARMA INC U	FOREIGN	04623U102	10,338	690,413	SH		SOLE		514,131	140,806	35,476
BASF SE SPONSORED ADR	FOREIGN	055262505	12,005	473,463	SH		SOLE		377,570	67,874	28,019
BCE INC	FOREIGN	05534B661	4	241	SH		SOLE		241	0	0
CLOSE BROTHERS GROUP PLC	FOREIGN	189062102	10,629	263,994	SH		SOLE		208,673	40,793	14,528
COMPASS GROUP PLC SPO	FOREIGN	20449X401	14,910	730,240	SH		SOLE		560,824	127,197	42,219
DBS GROUP HLDGS LTD S	FOREIGN	23304Y100	17,630	210,162	SH		SOLE		174,458	23,537	12,167
DASSAULT SYSTEMES SPO	FOREIGN	237545108	15,357	113,105	SH		SOLE		89,846	17,113	6,146
ERSTE BANK DER OESTER	FOREIGN	296036304	15,571	620,646	SH		SOLE		510,415	71,531	38,700
EXPERIAN GROUP LTD SP	FOREIGN	30215C101	14,346	665,166	SH		SOLE		519,636	106,766	38,764
GIVAUDAN SA ADR ISIN	FOREIGN	37636P108	12,897	283,777	SH		SOLE		222,522	45,525	15,730
HARBOR LARGE CAP VALUE FUND	FOREIGN	411511603	123	8,303	SH		SOLE		8,303	0	0
HEINEKEN N V SPONSORE	FOREIGN	423012301	16,990	316,483	SH		SOLE		243,595	53,918	18,970
ARISTOTLE/SAUL GLOBAL OPPORTUNITIES FUND	FOREIGN	461418287	2,917	221,332	SH		SOLE		43,119	0	178,213
ARISTOTLE INTERNATIONAL EQUITY FUND	FOREIGN	46141P297	887	80,932	SH		SOLE		2,005	0	78,927
KDDI CORP ADR ISIN	FOREIGN	48667L106	13,593	1,068,663	SH		SOLE		820,799	187,566	60,298
KIMBERLY CLARK DE MEX FOREIGN	FOREIGN	494386204	8,831	947,065	SH		SOLE		687,704	255,567	3,794
KUBOTA LTD ADR	FOREIGN	501173207	10,802	124,529	SH		SOLE		96,802	20,699	7,028
LVMH MOET HENNESSY VU	FOREIGN	502441306	15,273	248,179	SH		SOLE		199,490	34,581	14,108
MARUI GROUP CO LTD AD	FOREIGN	573814308	11,383	285,521	SH		SOLE		220,692	49,724	15,105
NESTLE SA	FOREIGN	641069406	280	3,544	SH		SOLE		3,544	0	0
NIDEC CORPORATION ADR	FOREIGN	654090109	17,635	465,970	SH		SOLE		387,410	53,269	25,291
PEYTO EXPLORATION & DEVELOPMENT CORP	FOREIGN	717046106	1,535	183,360	SH		SOLE		183,360	0	0
RECKITT BENCKISER PLC	FOREIGN	756255204	12,629	745,977	SH		SOLE		552,310	151,674	41,993
SAFRAN S A ADR ISIN#U	FOREIGN	786584102	11,801	446,426	SH		SOLE		345,944	76,576	23,906
SAMSONITE INTL SA ADR	FOREIGN	79604U107	12,315	541,459	SH		SOLE		425,651	86,678	29,130
SAMSUNG ELECTRONICS CO LTD	FOREIGN	796050888	115	100	SH		SOLE		100	0	0
SCHWAB DIVIDEND EQUITY FUND	FOREIGN	808509657	167	10,567	SH		SOLE		10,567	0	0
SHINSEI BK LTD SPONSO	FOREIGN	824631105	6,945	2,255,836	SH		SOLE		1,716,685	421,790	117,361
SIEMENS A G SPONSORED	FOREIGN	826197501	12,075	189,683	SH		SOLE		149,778	28,731	11,174
TORAY INDS INC ADR	FOREIGN	890880206	11,834	628,667	SH		SOLE		481,191	113,625	33,851
TOURMALINE OIL CORP	FOREIGN	89156V106	1,736	102,500	SH		SOLE		102,500	0	0
URANIUM PARTICIPATION CORP	FOREIGN	917017105	999	334,000	SH		SOLE		334,000	0	0
WELLS FARGO & CO	FOREIGN	949746879	39	1,500	SH		SOLE		1,500	0	0
WESTFIELD CORP	FOREIGN	960224103	24	1,854	SH		SOLE		1,854	0	0
AKZO NOBEL NV	FOREIGN	005458314	4,274	45,190	SH		SOLE		23,328	0	21,862
ASSA ABLOY AB	FOREIGN	00BYPC1T4	7,139	330,217	SH		SOLE		252,083	0	78,134
ASTELLAS PHARMA INC	FOREIGN	006985383	6,685	440,176	SH		SOLE		326,176	0	114,000
BANCO BILBAO VIZCAYA ARGENTARIA SA	FOREIGN	005501906	6,822	860,978	SH		SOLE		626,168	0	234,810
BASF SE	FOREIGN	005086577	2,567	25,248	SH		SOLE		9,048	0	16,200
COMPASS GROUP PLC	FOREIGN	00BD6K457	5,238	256,800	SH		SOLE		156,200	0	100,600
DASSAULT SYSTEMES SE	FOREIGN	005330047	12,221	89,824	SH		SOLE		70,000	0	19,824
DBS GROUP HOLDINGS LTD	FOREIGN	006175203	5,747	274,075	SH		SOLE		143,875	0	130,200
ERSTE GROUP BANK AG	FOREIGN	005289837	9,209	183,152	SH		SOLE		135,352	0	47,800
EXPERIAN PLC	FOREIGN	00B19NLV4	6,407	297,344	SH		SOLE		202,644	0	94,700
GIVAUDAN SA	FOREIGN	005980613	9,808	4,300	SH		SOLE		3,367	0	933
HEINEKEN NV	FOREIGN	007792559	8,612	80,045	SH		SOLE		56,645	0	23,400
HOSHIZAKI CORP	FOREIGN	00J235410	8,421	95,823	SH		SOLE		72,673	0	23,150
KDDI CORP	FOREIGN	006248990	4,927	192,750	SH		SOLE		118,950	0	73,800
KIMBERLY-CLARK DE MEXICO SAB DE CV	FOREIGN	002491914	5,961	3,183,734	SH		SOLE		2,392,000	0	791,734
KUBOTA CORP	FOREIGN	006497509	8,270	472,030	SH		SOLE		369,630	0	102,400
KURITA WATER INDUSTRIES LTD	FOREIGN	006497963	2,509	79,000	SH		SOLE		79,000	0	0
LVMH MOET HENNESSY LOUIS VUITTON SE	FOREIGN	004061412	11,539	37,423	SH		SOLE		28,313	0	9,110
MARUI GROUP CO LTD	FOREIGN	006569527	6,757	331,245	SH		SOLE		234,765	0	96,480
NIDEC CORP	FOREIGN	006640682	8,186	53,081	SH		SOLE		34,581	0	18,500
NOVARTIS AG	FOREIGN	007103065	2,712	33,491	SH		SOLE		11,891	0	21,600
ORIX CORP	FOREIGN	006661144	4,443	251,650	SH		SOLE		157,450	0	94,200
RECKITT BENCKISER GROUP PLC	FOREIGN	00B24CGK7	2,869	33,926	SH		SOLE		13,326	0	20,600
SAMSONITE INTERNATIONAL SA	FOREIGN	079604U10	4,505	990,540	SH		SOLE		514,440	0	476,100
SHINSEI BANK LTD	FOREIGN	006730936	2,404	156,140	SH		SOLE		81,680	0	74,460
SIEMENS AG	FOREIGN	005727973	2,746	21,481	SH		SOLE		7,681	0	13,800
TORAY INDUSTRIES INC	FOREIGN	006897143	8,640	912,288	SH		SOLE		702,888	0	209,400
TOTAL SA	FOREIGN	00B15C557	2,312	40,672	SH		SOLE		14,572	0	26,100
UBS GROUP AG	FOREIGN	00BRJL176	6,908	392,392	SH		SOLE		272,792	0	119,600
UNILEVER NV	FOREIGN	00B12T3J1	3,327	58,846	SH		SOLE		21,046	0	37,800
VIVENDI SA	FOREIGN	004834777	2,975	114,944	SH		SOLE		114,944	0	0
CLOSE BROTHERS GROUP PLC	FOREIGN	000766807	3,808	189,331	SH		SOLE		97,406	0	91,925
MITSUBISHI UFJ FINANCIAL GROUP INC	FOREIGN	633517100	1,037	158,200	SH		SOLE		158,200	0	0
SAFRAN SA	FOREIGN	00B058TZ6	3,396	32,050	SH		SOLE		16,544	0	15,506
SAMSUNG ELECTRONICS CO LTD	FOREIGN	000677168	3,135	1,355	SH		SOLE		1,355	0	0
SAMSUNG ELECTRONICS CO LTD	FOREIGN	006773812	4,891	2,550	SH		SOLE		2,550	0	0