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: Legg Mason, Inc.
Address: 100 International Drive
Baltimore, MD 21202
13F File Number: 28-1700
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the 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: Thomas Lemke
Title: General Counsel
Phone: 410-454-4475
Signature, Place, and Date of Signing:
Thomas Lemke Baltimore, MD May 15, 2012
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28-2204 Brandywine Global Investment Management, LLC
28-1701 Legg Mason Capital Management, Inc.
28-6397 Legg Mason Investment Counsel & Trust Co, NA
28-6399 LMM, LLC
28-10245 Western Asset Management Company
28-6251 Legg Mason International Equities
28-11345 Legg Mason Investment Counsel, LLC
28-11611 ClearBridge Advisors, LLC
28-11198 Legg Mason Asset Management (Japan) Co. Ltd
28-13247 Global Currents Investment Management, LLC
28-3428 Private Capital Management, L.P.
28-3780 Royce & Associates, LLC
28-0377 Batterymarch Financial Management, Inc.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form13F Information Table Entry Total: 96
Form13F Information Table Value Total: $263,574 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
1 28- Miscellaneous
2 28-14027 Permal Asset Management Inc.
3 28-14026 Permal Investment Management Services Limited
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 1478 22900 SH DEFINED 1 22900 0 0
ANADARKO PETE CORP COM 032511107 424 5400 SH DEFINED 1 5400 0 0
ANNALY CAP MGMT INC COM 035710409 1266 80000 SH DEFINED 1 80000 0 0
APACHE CORP COM 037411105 432 4300 SH DEFINED 1 4300 0 0
ARCH CAP GROUP LTD ORD G0450A105 827 22200 SH DEFINED 1 22200 0 0
ASHFORD HOSPITALITY TR INC CV PFD SER E 044103505 2464 97000 SH DEFINED 1 97000 0 0
BEST BUY INC COM 086516101 592 25000 SH DEFINED 1 25000 0 0
BIOMED REALTY TRUST INC COM 09063H107 2468 130000 SH DEFINED 1 130000 0 0
BLOCK H & R INC COM 093671105 453 27500 SH DEFINED 1 27500 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 3594 308220 SH DEFINED 1 308220 0 0
CAPITAL ONE FINL CORP COM 14040H105 820 14700 SH DEFINED 1 14700 0 0
CHEVRON CORP NEW COM 166764100 837 7800 SH DEFINED 1 7800 0 0
CHIMERA INVT CORP COM 16934Q109 1885 665812 SH DEFINED 2,3 665812 0 0
CHIMERA INVT CORP COM 16934Q109 1104 390200 SH DEFINED 2 390200 0 0
CHINA FD INC COM 169373107 5624 241343 SH DEFINED 2,3 241343 0 0
CHINA FD INC COM 169373107 3117 133755 SH DEFINED 2 133755 0 0
CINTAS CORP COM 172908105 458 11700 SH DEFINED 1 11700 0 0
CITIGROUP INC COM NEW 172967424 644 17600 SH DEFINED 1 17600 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 1862 100000 SH DEFINED 1 100000 0 0
CONOCOPHILLIPS COM 20825C104 897 11800 SH DEFINED 1 11800 0 0
CSX CORP COM 126408103 584 27100 SH DEFINED 1 27100 0 0
CVS CAREMARK CORPORATION COM 126650100 1353 30200 SH DEFINED 1 30200 0 0
DANA HLDG CORP COM 235825205 434 28000 SH DEFINED 1 28000 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 3292 557830 SH DEFINED 1 557830 0 0
DIGITAL RLTY TR INC COM 253868103 3329 45000 SH DEFINED 1 45000 0 0
EMCOR GROUP INC COM 29084Q100 422 15200 SH DEFINED 1 15200 0 0
ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 5195 112000 SH DEFINED 1 112000 0 0
ETFS PALLADIUM TR SH BEN INT 26923A106 686 10638 SH DEFINED 2 10638 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 4727 29228 SH DEFINED 2 29228 0 0
EXCEL TR INC COM 30068C109 2320 192000 SH DEFINED 1 192000 0 0
EXELON CORP COM 30161N101 455 11600 SH DEFINED 1 11600 0 0
FIRST POTOMAC RLTY TR COM 33610F109 4957 410000 SH DEFINED 1 410000 0 0
FLUOR CORP NEW COM 343412102 1207 20100 SH DEFINED 1 20100 0 0
GOOGLE INC CL A 38259P508 1347 2100 SH DEFINED 1 2100 0 0
HCC INS HLDGS INC COM 404132102 437 14000 SH DEFINED 1 14000 0 0
HCP INC COM 40414L109 4728 119800 SH DEFINED 1 119800 0 0
HEALTH CARE REIT INC COM 42217K106 4562 83000 SH DEFINED 1 83000 0 0
HEWLETT PACKARD CO COM 428236103 394 16500 SH DEFINED 1 16500 0 0
HIGHWOODS PPTYS INC COM 431284108 2733 82000 SH DEFINED 1 82000 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 4395 166000 SH DEFINED 1 166000 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 4258 480000 SH DEFINED 1 480000 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1467 83100 SH DEFINED 2 83100 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1033 58500 SH DEFINED 2,3 58500 0 0
ISHARES INC MSCI CDA INDEX 464286509 2375 83800 SH DEFINED 2 83800 0 0
ISHARES INC MSCI S KOREA 464286772 5513 92580 SH DEFINED 2,3 92580 0 0
ISHARES INC MSCI MEX INVEST 464286822 2439 39000 SH DEFINED 2 39000 0 0
ISHARES INC MSCI JAPAN 464286848 4881 479629 SH DEFINED 2 479629 0 0
ISHARES TR RUSSELL1000GRW 464287614 1552 23478 SH DEFINED 1 23478 0 0
ISHARES TR BARCLYS TIPS BD 464287176 4748 40353 SH DEFINED 1 40353 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 8403 229150 SH DEFINED 2,3 229150 0 0
ISHARES TR MSCI EAFE INDEX 464287465 8550 155766 SH DEFINED 1 155766 0 0
ISHARES TR RUSSELL 1000 464287622 502 6436 SH DEFINED 1 6436 0 0
ISHARES TR RUSSELL 2000 464287655 1121 13533 SH DEFINED 1 13533 0 0
ISHARES TR DJ US TECH SEC 464287721 5529 71050 SH DEFINED 2 71050 0 0
ISHARES TR S&P CITINT TBD 464288117 252 2516 SH DEFINED 1 2516 0 0
ISHARES TR MRTG PLS CAP IDX 464288539 2299 170000 SH DEFINED 2 170000 0 0
ISHARES TR BARCLYS INTER CR 464288638 251 2298 SH DEFINED 1 2298 0 0
ISHARES TR RUSSELL1000VAL 464287598 3869 55213 SH DEFINED 1 55213 0 0
KILROY RLTY CORP COM 49427F108 6838 146700 SH DEFINED 1 146700 0 0
KITE RLTY GROUP TR COM 49803T102 1392 264000 SH DEFINED 1 264000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 6287 176000 SH DEFINED 1 176000 0 0
LILLY ELI & CO COM 532457108 834 20700 SH DEFINED 1 20700 0 0
MACERICH CO COM 554382101 7219 125000 SH DEFINED 1 125000 0 0
MACK CALI RLTY CORP COM 554489104 3459 120000 SH DEFINED 1 120000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1967 39700 SH DEFINED 2 39700 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 2041 83100 SH DEFINED 2 83100 0 0
MFA FINANCIAL INC COM 55272X102 1201 160760 SH DEFINED 2 160760 0 0
MFA FINANCIAL INC COM 55272X102 1137 152100 SH DEFINED 2,3 152100 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 4728 318143 SH DEFINED 2,3 318143 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 2635 134500 SH DEFINED 2 134500 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 9132 466125 SH DEFINED 2,3 466125 0 0
NEWS CORP CL B 65248E203 1340 67100 SH DEFINED 1 67100 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 655 25600 SH DEFINED 1 25600 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 6378 300000 SH DEFINED 1 300000 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 914 45700 SH DEFINED 1 45700 0 0
PEPSICO INC COM 713448108 870 13100 SH DEFINED 1 13100 0 0
PHILIP MORRIS INTL INC COM 718172109 771 8700 SH DEFINED 1 8700 0 0
POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 1967 70000 SH DEFINED 2 70000 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 3026 247620 SH DEFINED 1 247620 0 0
REGENCY CTRS CORP COM 758849103 3781 85000 SH DEFINED 1 85000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3747 237200 SH DEFINED 2 237200 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 4190 190000 SH DEFINED 1 190000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2688 16580 SH DEFINED 2 16580 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 2352 82600 SH DEFINED 2 82600 0 0
SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 3475 88249 SH DEFINED 1 88249 0 0
STARWOOD PPTY TR INC COM 85571B105 3532 168000 SH DEFINED 1 168000 0 0
SUNSTONE HOTEL INVS INC NEW CV 8% CUM PFD-D 867892507 1663 67325 SH DEFINED 1 67325 0 0
UNITEDHEALTH GROUP INC COM 91324P102 955 16200 SH DEFINED 1 16200 0 0
URSTADT BIDDLE PPTYS INS CL A 917286205 652 33000 SH DEFINED 1 33000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 13172 206936 SH DEFINED 1 206936 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 4628 64044 SH DEFINED 1 64044 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 544 12514 SH DEFINED 1 12514 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 10089 172300 SH DEFINED 2 172300 0 0
VULCAN MATLS CO COM 929160109 458 10700 SH DEFINED 1 10700 0 0
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 578 16500 SH DEFINED 1 16500 0 0
WISDOMTREE TRUST CHINESE YUAN ETF 97717W182 4434 174910 SH DEFINED 2,3 174910 0 0