13F-HR 1 g4701401b.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2008 ----------------- 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: Gandhara Advisors Europe LLP Address: 6th Floor 65 Curzon Street London W1J 8PE England Form 13F File Number: 28-11840 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: Anita Webbon Title: General Counsel, Designated Member Phone: 0-11-44-207-491-6100 Signature, Place, and Date of Signing: /s/ Anita Webbon London, England January 31, 2009 ---------------------- ----------------- ------------------- [Signature] [City, State] [Date] 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 Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 7 Form 13F Information Table Value Total: $331,251 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. 1 --- Form 13F File Number 28-11841 Name: Gandhara Advisors Asia Limited ------------------------------ No. 2 --- Form 13F File Number 28-11842 Name: Davide Erro ----------------------

Form 13F Information Table ---------------------- -- -------- ---------- ---------- ------------------------ --- ------------ ---------- -------------------------- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 ---------------------- -- -------- ---------- ---------- ------------------------ --- ------------ ---------- -------------------------- Name of Issuer Title of CUSIP Value Shrs / SH / Put/Call Investment Other Voting Authority Class (x$1000) Prn Amt PRN Discretion Managers ---------------------- --~~--------~~ ---------- ---------- --------- ----- -------- ------------- -~~---------~~ ---------- --~~-----~~ ------- ~~Sole Shared None~~ ---~~-------------------~~ ---------- ---------- -----~~-----~~ ~~---------~~Sole ~~-----~~Shared ~~--------~~None ------------- ---------- -~~---------~~ ------- -~~------~~ ~~B & H Ocean Carriers COM 055090104 13292 895068 SH DEFINED 1,2 895068 Ltd.~~ ----------~~------------~~ ---------- ---------- -------~~---~~ --------- ----- -------- ----------~~---~~ ---------- -------~~---~~ ------- ~~-------~~Lorillard ~~Cheniere Energy~~ Inc. COM ~~16411R208~~544147101 ~~89065~~49017 ~~3085039~~869859 SH DEFINED 1,2 ~~3085039~~869859 ---------------------- -- -------- ---------- ---------- ---------- ------- -------- ------------- ---------- ---------- ------- ------- ~~Companhia~~Union ~~Vale~~Pacific doCorp ~~Rio~~COM ~~Sponsored~~907818108 ~~204412209~~44347 ~~118642~~927770 ~~3989300~~ SH DEFINED 1,2 ~~3989300~~927770 ~~Doce ADR~~ ---------------------- -- -------- ---------- ---------- ---------- ------- -------- ------------- ---------- ---------- ------- ------- ~~EBAY~~Virgin Media Inc. COM ~~278642103~~92769L101 ~~121483~~61371 ~~4040000~~12298706 SH DEFINED 1,2 ~~4040000~~12298706 ---------------------- -- -------- ---------- ---------- ---------- ------- -------- ------------- ---------- ---------- ------- ------- ~~Petroleo~~Diamond ~~Brasileiro~~Offshore SACOM ~~Sponsored~~25271C102 ~~71654V408~~20886 ~~52145~~354361 ~~506309~~ SH DEFINED 1,2 ~~506309~~354361 ~~PETRO~~Drilling ~~ADR~~ ---------------------- -- -------- ---------- ---------- ---------- ------- -------- ------------- ---------- ---------- ------- ------- ~~Petroleo~~NYSE ~~Brasiliero~~Euronext SACOM ~~Sponsored~~629491101 ~~71654V101~~85505 ~~51881~~3122895 ~~559303~~ SH DEFINED 1,2 ~~559303~~3122895 ~~PETRO ADR~~ ---------------------- -- -------- ---------- ---------- ---------- ------- -------- ------------- ---------- ---------- ------- ------- ~~Sasol~~Sohu.com ~~Ltd~~Inc ~~Sponsored~~COM ~~803866300~~83408W103 ~~16045~~7480 ~~434820~~158000 SH DEFINED 1,2 ~~434820~~158000 ~~ADR~~ ---------------------- -- -------- ---------- ---------- ---------- ------- -------- ------------- ---------- ---------- ------- ------- ~~Seagate~~Wachovia ~~Technology~~Corp ~~SHS~~COM ~~G7945J104~~929903102 ~~153891~~62645 ~~5807200~~11307790 SH DEFINED 1,2 ~~5807200~~11307790 ---------------------- -- -------- ---------- ---------- ---------- ------- -------- ------------- ---------- ---------- ------- ------- REPORT SUMMARY 8 DATA RECORDS ~~616443~~7 331251 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

Filing Compare · Gandhara Advisors Europe LLP