13F-HR 1 v312043_13f-hr.txt HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2012 Check here if amendment [ ]; Amendment Number: This Amendment (check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name Aletheia Research and Management, Inc. Address 100 Wilshire Boulevard, Suite 1900, Santa Monica, CA 90401 Form 13F File Number: 028-11851 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing this report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name Peter J. Eichler, Jr. Title Chief Executive Officer Phone 310-899-0800 Signature, Place, and Date of Signing: /s/ Peter J. Eichler, Jr. Santa Monica, CA May 15, 2012 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Aletheia Research and Management, Inc. Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 160 Form 13F Information Table Value Total: $3,002,852 (thousands) List of Other Included Managers: NONE ALETHEIA RESEARCH AND MANAGEMENT, INC. FORM 13F INFORMATION TABLE FOR THE QUARTER ENDED 03/31/2012
FORM 13F INFORMATION TABLE TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE --------------------------------- -------- --------- --------- ----------- --- ---- ------- -------- ----------- -------- -------- ACE LIMITED COM H0023R105 2,957 40,390 SH SOLE 40,390 AGRIUM INC COM 008916108 4,548 52,660 SH SOLE 52,660 ALCOA INC COM 013817101 2,257 225,243 SH SOLE 225,243 ALLSTATE CORP DEL COM COM 020002101 3,293 100,020 SH SOLE 100,020 AMERICA MOVIL SAB DE CV ADR 02364W105 2,336 94,068 SH SOLE 94,068 AMERICAN EAGLE OUTFITTERS NEW COM COM 02553E106 17,449 1,015,052 SH SOLE 1,015,052 AMERICAN ELEC PWR INC COM COM 025537101 313 8,104 SH SOLE 8,104 ANGLOGOLD ASHANTI LTD SPONSORED ADR ADR 035128206 2,074 56,167 SH SOLE 56,167 ANNALY CAP MGMT INC COM COM 035710409 527 33,335 SH SOLE 33,335 AOL INC COMMON COM 00184X105 17,114 902,131 SH SOLE 902,131 APPLE INC COM COM 037833100 87,175 145,401 SH SOLE 145,401 ARCHER DANIELS MIDLAND CO COM 039483102 36,004 1,137,197 SH SOLE 1,137,197 ASTRAZENECA PLC SPND ADR ADR 046353108 2,458 55,253 SH SOLE 55,253 ATP OIL & GAS CORP COMMON COM 00208J108 24,987 3,399,527 SH SOLE 3,399,527 AVALONBAY CMMUN INC COM 053484101 2,660 18,819 SH SOLE 18,819 BANCO BRADESCO S A ADR ADR 059460303 3,099 177,089 SH SOLE 177,089 BANK OF AMERICA CORPORATION COMMON COM 060505104 34,886 3,645,362 SH SOLE 3,645,362 BANK OF AMERICA NON CUM PERPETUAL 7.25% CONV PFD PFD 060505682 936 956 SH SOLE 956 BARCLAYS BK PLC IPATH SHRT ETN ETN 06740C261 244 14,567 SH SOLE 14,567 BARCLAYS PLC ADR ADR 06738E204 1,756 115,927 SH SOLE 115,927 BARRICK GOLD CORP COM COM 067901108 68,053 1,565,163 SH SOLE 1,565,163 BHP BILLITON LTD ADR ADR 088606108 2,311 31,914 SH SOLE 31,914 BOEING COMPANY COMMON COM 097023105 64,954 873,384 SH SOLE 873,384 BROOKFIELD OFFICE PROPERTIES INC. COM 112900105 2,979 170,708 SH SOLE 170,708 CAMPBELL SOUP CO COM COM 134429109 2,801 82,733 SH SOLE 82,733 CANADIAN NATURAL RES LTD COM 136385101 43,727 1,317,870 SH SOLE 1,317,870 CATERPILLAR INC COM 149123101 65,198 612,069 SH SOLE 612,069 CELGENE CORP COM COM 151020104 32,110 414,211 SH SOLE 414,211 CEMEX S A SPON ADR 5 ORD ADR 151290889 3,193 411,493 SH SOLE 411,493 CHESAPEAKE ENERGY CORPORATION COM 165167107 29,399 1,268,856 SH SOLE 1,268,856 CHINA PETE CHEM SPN ADR ADR 16941R108 2,297 21,132 SH SOLE 21,132 CHINA TELECOM CORP LTD SPON ADR H SHS ADR 169426103 2,556 46,564 SH SOLE 46,564 CHIQUITA BRANDS INTL INC COM COM 170032809 3,207 364,882 SH SOLE 364,882 CITIGROUP INC COM NEW COM 172967424 46,665 1,276,757 SH SOLE 1,276,757 CLEARWIRE CORP NEW CL A COM 18538Q105 20,301 8,903,841 SH SOLE 8,903,841 CLIFFS NATURAL RESOURCES INC COM 18683K101 3,376 48,745 SH SOLE 48,745 COCA COLA CO COM 191216100 101,153 1,366,749 SH SOLE 1,366,749 COEUR D ALENE MINES CORP IDAHO COM 192108504 25,966 1,093,745 SH SOLE 1,093,745 COMCAST CORP CL A NEW COM 20030N101 3,547 118,182 SH SOLE 118,182 COMPANHIA ENERG DE ADR ADR 204409601 4,251 178,770 SH SOLE 178,770 CONTINENTAL RESOURCES/OKLA COMMON COM 212015101 87,675 1,021,611 SH SOLE 1,021,611 CORNING INC COM COM 219350105 48,930 3,475,153 SH SOLE 3,475,153 CURRENCYSHARES CDN DLR TR CDN DOLLAR SHS ETF 23129X105 265 2,661 SH SOLE 2,661 CYTORI THERAPEUTICS INC COM COM 23283K105 467 187,502 SH SOLE 187,502 DEAN FOODS CO NEW COM 242370104 1,841 152,058 SH SOLE 152,058 DEERE & CO COMMON COM 244199105 46,104 569,886 SH SOLE 569,886 DEVON ENERGY CORPORATION NEW COM 25179M103 21,783 306,285 SH SOLE 306,285 DIGITAL RLTY TR INC COM 253868103 453 6,126 SH SOLE 6,126 DIRECTV COMMON CL A COM 25490A101 43,516 881,959 SH SOLE 881,959 DIREXION SHS ETF TRDAILY 20+ YR TREASURY BEAR 3X SHS NEW ETF 25459Y678 691 8,506 SH SOLE 8,506 DISNEY (WALT) CO COM STK COM 254687106 31,445 718,243 SH SOLE 718,243 DOLE FOOD CO INC NEW COMMON COM 256603101 35,887 3,595,947 SH SOLE 3,595,947 DOMINION RES INC VA NEW COM COM 25746U109 4,719 92,148 SH SOLE 92,148 DOW CHEMICAL CO COM 260543103 3,085 89,057 SH SOLE 89,057 DU PONT E.I.DE NEMOURS COM 263534109 3,303 62,440 SH SOLE 62,440 ELECTRONIC ARTS INC COM COM 285512109 37,472 2,273,095 SH SOLE 2,273,095 EMERSON ELEC COMPANY COMMON COM 291011104 27,227 521,797 SH SOLE 521,797 EXXON MOBIL CORPORATION COMMON COM 30231G102 6,970 80,364 SH SOLE 80,364 FORD MOTOR CO NEW COM 345370860 3,039 243,603 SH SOLE 243,603 FRANCO NEVADA CORP COM 351858105 3,168 73,707 SH SOLE 73,707 FREEPORT MCMORAN COPPER & GOLD INC COM 35671D857 83,395 2,192,296 SH SOLE 2,192,296 GAP INC COM 364760108 2,785 106,556 SH SOLE 106,556 GENERAL MOTORS CORPORATION COM 37045V100 2,309 90,020 SH SOLE 90,020 GOLAR LNG LTD BERMUDA SHS COM G9456A100 17,983 472,606 SH SOLE 472,606 GOLDCORP INC COM 380956409 43,380 962,727 SH SOLE 962,727 GOODYEAR TIRE & RUBBER COMPANY COM 382550101 2,229 198,648 SH SOLE 198,648 HANSEN MEDICAL INC COM COM 411307101 79 26,313 SH SOLE 26,313 HEINZ H J CO PV 25CT COM 423074103 1,827 34,127 SH SOLE 34,127 HSBC HLDG PLC SP ADR ADR 404280406 3,945 88,861 SH SOLE 88,861 HUGOTON RTY TR TEX UNIT BEN INT UNIT 444717102 474 32,280 SH SOLE 32,280 HUMAN GENOME CN 3.00% 11/15/2018 3.000% DUE 11-15-18 NOTE 444903AN8 439 445,000 PRN SOLE 445,000 HUMAN GENOME SCIENCES INC COM 444903108 42,688 5,180,542 SH SOLE 5,180,542 INDIA FD INC COM ETF 454089103 5,143 230,607 SH SOLE 230,607 INTERCONTINENTAL HTLS GRP PLC SPONS ADR NEW ADR 45857P301 3,808 163,978 SH SOLE 163,978 INTERNATIONAL BUSINESS MACHS CORP COM 459200101 104,952 503,006 SH SOLE 503,006 IRIDIUM COMMUNICATIONS INC COMMON COM 46269C102 17,945 2,048,519 SH SOLE 2,048,519 ISHARES SILVER TRUST FD ETF 46428Q109 66,082 2,105,869 SH SOLE 2,105,869 ITAU UNIBANCO BANCO HOLD ADR 465562106 2,284 119,043 SH SOLE 119,043 JOHNSON & JOHNSON COM 478160104 1,790 27,132 SH SOLE 27,132 JPMORGAN CHASE & CO COM 46625H100 3,589 78,068 SH SOLE 78,068 KOREA ELECTRIC PWR SPONSORED ADR ADR 500631106 1,771 181,987 SH SOLE 181,987 KRAFT FOODS INC VA CL A COM 50075N104 4,263 112,151 SH SOLE 112,151 LAS VEGAS SANDS CORP COM COM 517834107 78,824 1,369,186 SH SOLE 1,369,186 LENNAR CORP CL A COM 526057104 36,829 1,355,010 SH SOLE 1,355,010 MAKO SURGICAL CORP COM 560879108 20,617 489,131 SH SOLE 489,131 MARKET VECTORS GOLD MINERS ETF 57060U100 4,356 87,939 SH SOLE 87,939 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 34,441 2,189,507 SH SOLE 2,189,507 MCDONALDS CORP COM 580135101 71,108 724,856 SH SOLE 724,856 MCMORAN EXPLORATION CO COM COM 582411104 25,264 2,361,090 SH SOLE 2,361,090 MDC HOLDINGS INC COM 552676108 1,710 66,287 SH SOLE 66,287 MEDTRONIC INC COM 585055106 21,342 544,588 SH SOLE 544,588 MELCO CROWN ENTRTNMT LTD ADR 585464100 1,852 135,766 SH SOLE 135,766 MEMC ELECTR MATLS INC COM COM 552715104 499 138,260 SH SOLE 138,260 MERCK & CO INC NEW COMMON COM 58933Y105 41,892 1,090,927 SH SOLE 1,090,927 MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR ADR 606822104 3,303 663,250 SH SOLE 663,250 MOLSON COORS BREWING CO CL B COM 60871R209 2,212 48,886 SH SOLE 48,886 MOLYCORP INC COM 608753109 110,498 3,266,277 SH SOLE 3,266,277 MONSANTO CO COM 61166W101 27,303 342,317 SH SOLE 342,317 MORGAN STANLEY COM NEW COM 617446448 1,790 91,120 SH SOLE 91,120 MOSAIC CO / THE WI COMMON COM 61945C103 33,707 609,647 SH SOLE 609,647 NATURAL RESOURCE PARTNERS LP UNIT 63900P103 247 10,285 SH SOLE 10,285 NEWMONT MINING CORP COM 651639106 40,784 795,486 SH SOLE 795,486 NOBLE ENERGY INC COMMON COM 655044105 97,430 996,425 SH SOLE 996,425 NOMURA HLDGS INC SPONSORED ADR ADR 65535H208 1,809 410,241 SH SOLE 410,241 NOVAGOLD RES INC 5.50% 5/1/2015 5.500% DUE 05-01-15 NOTE 66987EAA5 687 630,000 PRN SOLE 630,000 NOVAGOLD RES INC COM NEW COM 66987E206 63,847 8,892,355 SH SOLE 8,892,355 NOVARTIS ADR ADR 66987V109 2,985 53,878 SH SOLE 53,878 NUCOR CORPORATION COM 670346105 1,641 38,218 SH SOLE 38,218 NUSTAR GP HOLDINGS LLC UNIT RESTG LLC UNIT 67059L102 290 8,369 SH SOLE 8,369 NV ENERGY INC COM COM 67073Y106 2,478 153,745 SH SOLE 153,745 NVIDIA CORP COM COM 67066G104 39,537 2,568,169 SH SOLE 2,568,169 OCCIDENTAL PETE CORP CAL COM 674599105 60,808 638,540 SH SOLE 638,540 OPKO HEALTH INC COMMON COM 68375N103 45,456 9,610,085 SH SOLE 9,610,085 ORIENT-EXPRESS HOTELS LTD CL A COM G67743107 2,622 257,066 SH SOLE 257,066 OVERSEAS SHIPHOLDING GROUP INC COM 690368105 5,071 401,504 SH SOLE 401,504 PAN AMERICAN SILVER CORP COM COM 697900108 24,492 1,110,247 SH SOLE 1,110,247 PEABODY ENERGY CORP COM COM 704549104 3,513 121,315 SH SOLE 121,315 PETRLEO BRAS VTG SPD ADR ADR 71654V408 1,395 52,528 SH SOLE 52,528 PETROCHINA CO LTD SP ADR ADR 71646E100 2,023 14,394 SH SOLE 14,394 PLUM CREEK TIMBER CO INC COM 729251108 2,318 55,770 SH SOLE 55,770 POWERSHARES DB AGRICULTURE FUND ETF 73936B408 16,920 602,146 SH SOLE 602,146 PROSHARES TR II ULTRASHORT YEN NEW ETF 74347W569 293 6,236 SH SOLE 6,236 PROSHARES TR II ULTRASHRT EURO ETF 74347W882 282 14,841 SH SOLE 14,841 PUBLIC STORAGE COM COM 74460D109 919 6,650 SH SOLE 6,650 SAIC INC COM COM 78390X101 14,196 1,075,472 SH SOLE 1,075,472 SANOFI AVENTIS SPONSORED ADR ADR 80105N105 4,024 103,834 SH SOLE 103,834 SARA LEE CORP COM COM 803111103 1,972 91,604 SH SOLE 91,604 SEABRIDGE GOLD INC COM COM 811916105 11,057 550,391 SH SOLE 550,391 SILVER WHEATON CORP COM 828336107 30,458 917,417 SH SOLE 917,417 SIRIUS XM RADIO INC COM COM 82967N108 46 19,895 SH SOLE 19,895 SJW CORP COM COM 784305104 3,414 141,557 SH SOLE 141,557 SOUTHERN CO COM COM 842587107 3,359 74,762 SH SOLE 74,762 SPDR GOLD TRUST SHS ETF 78463V107 47,869 295,271 SH SOLE 295,271 STARWOOD HOTELS & RESORTS WORLDWIDE INC COM 85590A401 274 4,860 SH SOLE 4,860 STARWOOD PROPERTY TRUST INC. COM 85571B105 437 20,809 SH SOLE 20,809 SUNCOR ENERGY INC COM COM 867224107 83,590 2,556,275 SH SOLE 2,556,275 SUNPOWER CORP 4.50% 3/15/2012 4.500% DUE 03-15-15 NOTE 867652AE9 259 289,000 PRN SOLE 289,000 SUNPOWER CORP COM COM 867652406 25,339 3,971,648 SH SOLE 3,971,648 SUNTECH PWR HLDGS CO LTD ADR ADR 86800C104 646 210,949 SH SOLE 210,949 TEJON RANCH CO COM COM 879080109 21,780 760,462 SH SOLE 760,462 TESLA MOTORS, INC. COM 88160R101 27,861 748,134 SH SOLE 748,134 TEVA PHARMACTCL INDS ADR ADR 881624209 2,434 54,023 SH SOLE 54,023 TITANIUM METALS CORP COM NEW COM 888339207 2,309 170,305 SH SOLE 170,305 UDR INC COM COM 902653104 3,235 121,099 SH SOLE 121,099 UNION PACIFIC CORP COM 907818108 1,743 16,215 SH SOLE 16,215 UNITED CONTL HOLDINGS INC COM 910047109 1,901 88,433 SH SOLE 88,433 UNITED STATES OIL FUND LP UNITS UNIT 91232N108 230 5,868 SH SOLE 5,868 UNITED STATES STL CORP NEW 4.00% 5/15/2014 4.000% DUE 05-15-14 NOTE 912909AE8 184 156,000 PRN SOLE 156,000 UNITED STS STL CORP NEW COM 912909108 4,919 167,499 SH SOLE 167,499 UNITED THERAPEUTICS CORP COM 91307C102 24,480 519,405 SH SOLE 519,405 VALEANT PHARMACEUTICALS INTL COM COM 91911K102 34,927 650,536 SH SOLE 650,536 VALENCE TECHNOLOGY INC COM COM 918914102 15 18,300 SH SOLE 18,300 VERIZON COMMUNICATNS COM COM 92343V104 4,699 122,899 SH SOLE 122,899 VERTEX PHARMACEUTICALS INC COM COM 92532F100 20,976 511,477 SH SOLE 511,477 VODAFONE GROUP PLC NEW ADR 92857W209 3,198 115,580 SH SOLE 115,580 WAL MART STORES INC COM 931142103 51,764 845,823 SH SOLE 845,823 WENDYS CO COM 95058W100 18,894 3,771,168 SH SOLE 3,771,168 WISDOMTREE TRUST CHINESE YUAN ETF ETF 97717W182 630 24,843 SH SOLE 24,843 WISDOMTREE TRUST INDIAN RUP ETF ETF 97717W166 257 11,972 SH SOLE 11,972 WYNN RESORTS LTD COMMON COM 983134107 17,767 142,269 SH SOLE 142,269