N-Q 1 coverfinal.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

_______________________________

Investment Company Act file number 811-5357

DWS Blue Chip Fund

(Exact name of registrant as specified in charter)

 

222 South Riverside Plaza

Chicago, IL 60606

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY 10154

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 454-7190

Date of fiscal year end: 10/31

Date of reporting period: 1/31/07

 

ITEM 1. SCHEDULE OF INVESTMENTS

 

Investment Portfolio

as of January 31, 2007 (Unaudited)

 

 

DWS Blue Chip Fund

 

 

Shares

 

Value ($)

 

Common Stocks 98.1%

 

Consumer Discretionary 12.6%

 

Hotels Restaurants & Leisure 2.3%

 

Brinker International, Inc.

 

67,500

 

2,129,625

Darden Restaurants, Inc.

 

94,300

 

3,690,902

Starbucks Corp.*

 

213,500

 

7,459,690

YUM! Brands, Inc.

 

12,200

 

732,122

 

14,012,339

 

 

 

Media 4.5%

 

McGraw-Hill Companies, Inc.

 

144,400

 

9,686,352

Omnicom Group, Inc.

 

49,200

 

5,175,840

The DIRECTV Group, Inc.*

 

350,300

 

8,543,817

Walt Disney Co.

 

119,800

 

4,213,366

 

27,619,375

Multiline Retail 3.4%

 

Dollar Tree Stores, Inc.*

 

144,800

 

4,555,408

Federated Department Stores, Inc.

 

185,900

 

7,712,991

Kohl's Corp.*

 

37,900

 

2,687,489

Nordstrom, Inc.

 

103,300

 

5,754,843

 

20,710,731

Specialty Retail 1.4%

 

Dick's Sporting Goods, Inc.*

 

44,500

 

2,291,305

Office Depot, Inc.*

 

165,600

 

6,191,784

 

8,483,089

Textiles, Apparel & Luxury Goods 1.0%

 

Jones Apparel Group, Inc.

 

173,900

 

5,940,424

Consumer Staples 7.0%

 

Beverages 1.0%

 

Pepsi Bottling Group, Inc.

 

64,300

 

2,033,809

PepsiCo, Inc.

 

66,100

 

4,312,364

 

6,346,173

Food & Staples Retailing 1.6%

 

Kroger Co.

 

299,500

 

7,667,200

Safeway, Inc.

 

64,500

 

2,323,935

 

9,991,135

Food Products 2.0%

 

ConAgra Foods, Inc.

 

308,200

 

7,923,822

General Mills, Inc.

 

68,700

 

3,932,388

 

11,856,210

Household Products 1.3%

 

Colgate-Palmolive Co.

 

111,000

 

7,581,300

Personal Products 0.4%

 

Estee Lauder Companies, Inc. "A"

 

54,200

 

2,574,500

Tobacco 0.7%

 

Altria Group, Inc.

 

46,300

 

4,046,157

Energy 9.7%

 

Energy Equipment & Services 2.4%

 

Patterson-UTI Energy, Inc. (a)

 

42,900

 

1,036,035

Superior Energy Services, Inc.*

 

22,700

 

688,264

Tidewater, Inc.

 

83,900

 

4,326,723

Todco*

 

123,900

 

4,290,657

Unit Corp.*

 

85,800

 

4,159,584

 

14,501,263

Oil, Gas & Consumable Fuels 7.3%

 

Chevron Corp.

 

83,900

 

6,114,632

ConocoPhillips

 

15,300

 

1,016,073

Denbury Resources, Inc.*

 

29,600

 

819,920

Devon Energy Corp.

 

101,300

 

7,100,117

ExxonMobil Corp.

 

340,286

 

25,215,193

 

 

 

Tesoro Corp.

 

12,700

 

1,046,353

W&T Offshore, Inc.

 

39,900

 

1,225,728

XTO Energy, Inc.

 

43,401

 

2,190,448

 

44,728,464

Financials 20.2%

 

Capital Markets 5.7%

 

Lehman Brothers Holdings, Inc.

 

67,700

 

5,567,648

Merrill Lynch & Co., Inc.

 

129,700

 

12,134,732

Morgan Stanley

 

65,300

 

5,406,187

The Goldman Sachs Group, Inc.

 

53,500

 

11,350,560

 

34,459,127

Commercial Banks 2.7%

 

US Bancorp

 

99,400

 

3,538,640

Wells Fargo & Co.

 

357,500

 

12,841,400

 

16,380,040

Diversified Financial Services 6.1%

 

Bank of America Corp.

 

342,700

 

18,019,166

Citigroup, Inc.

 

45,266

 

2,495,514

JPMorgan Chase & Co.

 

321,800

 

16,389,274

 

36,903,954

Insurance 3.2%

 

Chubb Corp.

 

22,300

 

1,160,492

CNA Financial Corp.*

 

47,500

 

1,930,875

Loews Corp.

 

51,300

 

2,229,498

MetLife, Inc.

 

89,500

 

5,559,740

Philadelphia Consolidated Holding Corp.*

 

149,800

 

6,749,988

W.R. Berkley Corp.

 

62,718

 

2,075,339

 

19,705,932

Real Estate Investment Trusts 2.1%

 

AvalonBay Communities, Inc. (REIT)

 

3,200

 

474,752

Boston Properties, Inc. (REIT)

 

4,500

 

567,405

Camden Property Trust (REIT)

 

2,100

 

164,640

Equity Residential (REIT)

 

37,600

 

2,116,128

Hospitality Properties Trust (REIT)

 

14,500

 

707,600

iStar Financial, Inc. (REIT)

 

4,900

 

245,735

Mack-Cali Realty Corp. (REIT)

 

2,800

 

155,792

ProLogis (REIT)

 

32,100

 

2,086,500

Public Storage, Inc. (REIT)

 

8,900

 

967,964

Rayonier, Inc. (REIT)

 

7,700

 

332,640

Regency Centers Corp. (REIT)

 

2,400

 

209,040

Simon Property Group, Inc. (REIT)

 

24,700

 

2,825,433

The Macerich Co. (REIT)

 

4,200

 

401,226

Vornado Realty Trust (REIT)

 

14,400

 

1,761,840

 

13,016,695

Thrifts & Mortgage Finance 0.4%

 

Fannie Mae

 

39,500

 

2,232,935

Health Care 12.8%

 

Biotechnology 1.5%

 

Amgen, Inc.*

 

132,100

 

9,295,877

Health Care Equipment & Supplies 2.0%

 

Baxter International, Inc.

 

17,500

 

869,050

Becton, Dickinson & Co.

 

102,900

 

7,917,126

 

 

 

Hillenbrand Industries, Inc.

 

30,500

 

1,738,805

Kinetic Concepts, Inc.*

 

29,000

 

1,426,510

 

11,951,491

Health Care Providers & Services 2.3%

 

Humana, Inc.*

 

103,700

 

5,755,350

Laboratory Corp. of America Holdings*

 

6,700

 

492,048

McKesson Corp.

 

141,000

 

7,860,750

 

14,108,148

Life Sciences Tools & Services 0.0%

 

Applera Corp. - Applied Biosystems Group

 

8,400

 

291,984

Pharmaceuticals 7.0%

 

Abbott Laboratories

 

225,000

 

11,925,000

Merck & Co., Inc.

 

75,800

 

3,392,050

Mylan Laboratories, Inc.

 

285,300

 

6,316,542

Pfizer, Inc.

 

573,500

 

15,048,640

Schering-Plough Corp.

 

225,800

 

5,645,000

 

42,327,232

Industrials 11.0%

 

Aerospace & Defense 5.1%

 

Boeing Co.

 

127,500

 

11,418,900

Lockheed Martin Corp.

 

100,500

 

9,767,595

Raytheon Co.

 

187,400

 

9,726,060

 

30,912,555

Airlines 0.5%

 

Continental Airlines, Inc. "B"*

 

77,400

 

3,211,326

Commercial Services & Supplies 1.7%

 

Allied Waste Industries, Inc.*

 

72,600

 

928,554

Waste Management, Inc.

 

241,300

 

9,164,574

 

10,093,128

Industrial Conglomerates 1.1%

 

General Electric Co.

 

193,000

 

6,957,650

Machinery 1.1%

 

Cummins, Inc.

 

32,400

 

4,359,744

PACCAR, Inc.

 

24,300

 

1,624,941

Toro Co.

 

12,600

 

646,002

 

6,630,687

Road & Rail 1.5%

 

Laidlaw International, Inc.

 

34,200

 

1,016,082

Ryder System, Inc.

 

121,500

 

6,626,610

Swift Transportation Co., Inc.*

 

52,100

 

1,590,092

 

9,232,784

Information Technology 12.3%

 

Communications Equipment 0.8%

 

Cisco Systems, Inc.*

 

13,100

 

348,329

Corning, Inc.*

 

217,900

 

4,541,036

 

4,889,365

Computers & Peripherals 3.3%

 

Hewlett-Packard Co.

 

246,600

 

10,672,848

Lexmark International, Inc. "A"*

 

85,300

 

5,376,459

Western Digital Corp.*

 

207,100

 

4,059,160

 

20,108,467

 

 

 

Electronic Equipment & Instruments 0.5%

 

Amphenol Corp. "A"

 

5,400

 

365,688

AVX Corp.

 

24,100

 

348,245

Tech Data Corp.*

 

57,400

 

2,131,836

 

2,845,769

Internet Software & Services 1.3%

 

eBay, Inc.*

 

13,400

 

434,026

Google, Inc. "A"*

 

10,500

 

5,263,650

Yahoo!, Inc.*

 

75,700

 

2,143,067

 

7,840,743

IT Services 0.8%

 

Acxiom Corp.

 

227,200

 

5,157,440

Semiconductors & Semiconductor Equipment 2.9%

 

Atmel Corp.*

 

537,600

 

3,214,848

MEMC Electronic Materials, Inc.*

 

92,000

 

4,820,800

National Semiconductor Corp.

 

233,600

 

5,403,168

Novellus Systems, Inc.*

 

129,100

 

3,980,153

 

17,418,969

Software 2.7%

 

BEA Systems, Inc.*

 

321,900

 

3,969,027

BMC Software, Inc.*

 

6,100

 

209,779

Cadence Design Systems, Inc.*

 

165,000

 

3,118,500

FactSet Research Systems, Inc.

 

32,900

 

1,910,832

Microsoft Corp.

 

199,000

 

6,141,140

Symantec Corp.*

 

64,200

 

1,136,982

 

16,486,260

Materials 4.7%

 

Chemicals 1.9%

 

Celanese Corp. "A"

 

139,100

 

3,651,375

Lyondell Chemical Co. (a)

 

232,000

 

7,335,840

Praxair, Inc.

 

11,500

 

725,190

 

11,712,405

Metals & Mining 2.5%

 

Carpenter Technology Corp.

 

42,400

 

4,965,040

Southern Copper Corp. (a)

 

83,800

 

5,237,500

United States Steel Corp.

 

62,200

 

5,193,078

 

15,395,618

Paper & Forest Products 0.3%

 

International Paper Co.

 

48,000

 

1,617,600

Telecommunication Services 4.7%

 

Diversified Telecommunication Services 4.6%

 

AT&T, Inc.

 

389,400

 

14,653,122

Verizon Communications, Inc.

 

339,800

 

13,089,096

 

27,742,218

Wireless Telecommunication Services 0.1%

 

United States Cellular Corp.*

 

8,500

 

612,850

Utilities 3.1%

 

Electric Utilities 2.8%

 

Duke Energy Corp.

 

172,500

 

3,396,525

Entergy Corp.

 

15,400

 

1,429,890

Exelon Corp.

 

87,300

 

5,237,127

 

 

 

FirstEnergy Corp.

 

113,900

 

6,757,687

 

16,821,229

Independent Power Producers & Energy Traders 0.0%

 

AES Corp.*

 

14,000

 

291,060

Multi-Utilities 0.3%

 

Sempra Energy

 

28,100

 

1,612,378

Total Common Stocks (Cost $513,259,841)

 

596,655,076

 

Principal

Amount ($)

 

Value ($)

 

US Treasury Obligations 0.1%

 

US Treasury Bill, 4.97%**, 4/19/2007 (b) (Cost $628,997)

 

637,000

 

630,215

 

Shares

 

Value ($)

 

Securities Lending Collateral 1.7%

 

Daily Assets Fund Institutional, 5.34% (c) (d)
(Cost $10,251,180)

 

 

10,251,180

 

10,251,180

 

Cash Equivalents 1.8%

 

Cash Management QP Trust, 5.31% (e)
(Cost $10,648,985)

 

 

10,648,985

 

10,648,985

 

% of

Net Assets

 

Value ($)

Total Investment Portfolio (Cost $ 534,789,003)

101.7

 

618,185,456

Other Assets and Liabilities, Net

(1.7)

 

(10,140,078)

Net Assets

100.0

 

608,045,378

 

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

*

Non-income producing security.

**

Annualized yield at time of purchase; not a coupon rate.

(a)

All or a portion of these securities were on loan. The value of all securities loaned at January 31, 2007 amounted to $9,913,844 which is 1.6% of net assets.

(b)

At January 31, 2007, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.

(c)

Daily Assets Fund Institutional, an affiliated fund, is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

(d)

Represents collateral held in connection with securities lending.

(e)

Cash Management QP Trust, an affiliated fund, is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

REIT: Real Estate Investment Trust

 

At January 31, 2007, open futures contracts purchased were as follows:

Futures

 

Expiration
Date

 

Contracts

 

Aggregated
Face Value ($)

 

Value ($)

 

Unrealized
Appreciation ($)

 

S&P 500 Index

 

3/15/2007

 

30

 

10,646,344

 

10,822,500

 

176,156

 

 

 

ITEM 2.

CONTROLS AND PROCEDURES

 

 

 

(a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

 

 

 

(b)          There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last half-year (the registrant’s second fiscal half-year in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

 

 

ITEM 3.

EXHIBITS

 

 

 

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant:

DWS Blue Chip Fund

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 21, 2007

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Registrant:

DWS Blue Chip Fund

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 21, 2007

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                                 March 21, 2007