Fundamental Equity Analysis - SPI Index - The Top 100 Companies of the Swiss Performance Index

Page 45

04.07.2013

Adecco SA Holdings By:

All

Holder Name JACOBS HOLDING AKILA FINANCE SA HARRIS ASSOCIATES LP FRANKLIN RESOURCES ARTISAN PARTNERS HOL ADECCO SA SUN LIFE FINANCIAL I NORGES BANK TIAA CREF INVESTMENT MANNING & NAPIER ADV VANGUARD GROUP INC CREDIT SUISSE ASSET UBS FUND MANAGEMENT FMR LLC PICTET & CIE BLACKROCK SEB MFS FINANCIAL SERVIC AMERICAN CENTURY COM THRIVENT FINANCIAL F

Firm Name

Portfolio Name n/a n/a Multiple Portfolios n/a n/a n/a n/a Multiple Portfolios Multiple Portfolios Multiple Portfolios Multiple Portfolios Multiple Portfolios Multiple Portfolios n/a Multiple Portfolios n/a n/a Multiple Portfolios Multiple Portfolios Multiple Portfolios

Analyst

AlphaValue HEINZ STEFFEN Day by Day VALERIE GASTALDY Bank am Bellevue ROLF KUNZ Goldman Sachs CHARLES WILSON Credit Suisse ANDY GROBLER Kepler Cheuvreux HANS PLUIJGERS S&P Capital IQ CLIVE ROBERTS JPMorgan Nicholas de la Grense Deutsche Bank THOMAS SYKES EVA Dimensions CRAIG STERLING Berenberg Bank KONRAD ZOMER Bank Vontobel AG MICHAEL FOETH Helvea CHRISTIAN BURGER Barclays PAUL D A SULLIVAN RBC Capital Markets ANDREW BROOKE Jefferies KEAN MARDEN Bryan Garnier & Cie BRUNO DE LA ROCHEBROCHARD Exane BNP Paribas LAURENT BRUNELLE ABN Amro Bank N.V. TEUN TEEUWISSE Espirito Santo Investment Bank Research GUY HEWETT Main First Bank AG ALAIN-SEBASTIAN OBERHUBER HSBC MATTHEW LLOYD Rabobank International DAVID TAILLEUR Zuercher Kantonalbank MARCO STRITTMATTER Natixis OLIVIER LEBRUN

Source Co File Co File MF-AGG ULT-AGG EXCH RNS-MAJ ULT-AGG MF-AGG MF-AGG MF-AGG MF-AGG MF-AGG MF-AGG ULT-AGG MF-AGG ULT-AGG ULT-AGG MF-AGG MF-AGG MF-AGG

Recommendation reduce hold buy Sell/Neutral neutral buy sell overweight buy underweight buy buy neutral equalweight top pick hold sell outperform buy sell outperform neutral hold market perform buy

Amt Held 34'824'485 10'163'580 8'632'400 7'020'723 6'284'378 5'808'211 5'694'349 3'607'208 2'750'351 2'236'720 1'905'151 1'689'708 1'320'708 1'309'760 1'076'663 1'065'894 501'890 461'247 458'345 387'400

% Out 18.4 5.37 4.56 3.71 3.32 3.07 3.01 1.91 1.45 1.18 1.01 0.89 0.7 0.69 0.57 0.56 0.27 0.24 0.24 0.2

Weighting

Change 2 3 5 1 3 5 1 5 5 1 5 5 3 3 5 3 1 5 5 1 5 3 3 3 5

M M U M M M M M M D M M M M M M M M M M M D D M M

Latest Chg 1'531'600 (1'128'662) 689'034 19'900 242'345 678'600 102'827 (23'272) (39'311) (152'445) (12'826) (889) 161'600 4'780 39'363 (11'150)

Target Price 54 #N/A N/A 66 44 55 60 49 60 58 #N/A N/A 62 60 57 59 65 58 52 62 58 42 70 59 55 #N/A N/A 58

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

File Dt 31.12.2012 31.12.2012 31.03.2013 28.03.2013 12.03.2013 13.03.2013 31.03.2013 31.12.2012 31.03.2013 31.12.2012 31.03.2013 27.03.2013 31.01.2013 31.03.2013 31.01.2013 21.05.2013 31.03.2013 31.03.2013 31.03.2013 31.12.2012

Date 6 month Not Provided Not Provided 12 month Not Provided Not Provided 12 month 6 month 12 month Not Provided Not Provided Not Provided 12 month Not Provided 12 month 12 month 6 month Not Provided Not Provided Not Provided 12 month Not Provided 12 month Not Provided Not Provided

Inst Type Private Equity Investment Advisor Investment Advisor Investment Advisor Investment Advisor Corporation Investment Advisor Government Investment Advisor Investment Advisor Investment Advisor Investment Advisor Investment Advisor Investment Advisor Investment Advisor Investment Advisor Unclassified Investment Advisor Investment Advisor Investment Advisor

Date 23.05.2013 20.05.2013 16.05.2013 15.05.2013 14.05.2013 14.05.2013 14.05.2013 13.05.2013 10.05.2013 10.05.2013 09.05.2013 08.05.2013 08.05.2013 08.05.2013 07.05.2013 07.05.2013 07.05.2013 07.05.2013 07.05.2013 02.05.2013 26.04.2013 16.04.2013 21.03.2013 19.03.2013 07.02.2013


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