13F-HR 1 d568332_13f.txt 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, 2005 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: ABANCO Investments, Ltd. Address: P.O. Box 4098 Middletown, RI 02842 13F File Number: 28-06287 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: Richard E. Carlson Title: Secretary & Treasurer Phone: (302) 234-5750 Signature, Place and Date of Signing: /s/ Brandywine Managers, LLC Managing Member By: Richard E. Carlson Hockessin, DE May 13, 2005 ----------------------- -------------------------- ---------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [ ] 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 managers(s).) [X] 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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-03420 Ashford Capital Mangement, Inc. 28-00030 John W. Bristol & Co., Inc. 28-04558 Parametric Portfolio Associates 28-02635 Gardner Russo & Gardner ----------------------- -------------------------- Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----- Form 13F Information Table Entry Total: 1 ----- Form 13F Information Table Value Total: $219 -------- (thousands) List of Other Included Managers: Form 13F File Number Name FORM 13F INFORMATION TABLE ABANCO INVESTMENT, LTD. AS OF March 31, 2005

~~COLUMN~~VALUE 1SHRS ~~COLUMN2~~OR ~~COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE VALUE~~ SH/ ~~PUT~~ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (~~X1000~~X$1000) ~~SHARES~~ PRN ~~CALL~~AMT PUT DISCRETION ~~MGRS~~MANAGERS SOLE SHARED NONE -------------- -------- ------ ----- -- ------ -------- --- ------- ----- -------- ---- ------ ---- ~~AMERICAN~~NEXTEL ~~INTL.~~COMMUNICATIONS ~~GROUP Common 02687410 5,101 60,000 SH Sole None 60,000 AUTOMATIC DATA PROCESSING,~~ INC. ~~Common~~CL ~~05301510~~A ~~1,988~~65332V103 ~~40,000~~219 ~~SH Sole None 40~~7,~~000~~698 ~~BRISTOL-MYERS SQUIBB CO. Common 11012210 1,449 27,700~~ SH ~~Sole~~SOLE ~~None~~NONE 277,700 CISCO SYSTEMS Common 17275R10 2,002 110,000 SH Sole None 110,000 FANNIE MAE COM STK Common 31358610 2,278 26,792 SH Sole None 26,792 GENERAL ELEC CO Common 36960410 1,950 40,000 SH Sole None 40,000 HOME DEPOT, INC. Common 43707610 2,793 60,000 SH Sole None 60,000 INTEL CORP. Common 45814010 2,340 80,000 SH Sole None 80,000 JOHNSON & JOHNSON Common 47816010 2,190 43,800 SH Sole None 43,800 MERCK & CO., INC. Common 58933110 1,821 28,500 SH Sole None 28,500 MICROSOFT CORP. Common 59491810 5,404 74,032 SH Sole None 74,032 PFIZER, INC. Common 71708110 3,204 80,000 SH Sole None 80,000 SYSCO CORP. Common 87182910 1,412 52,000 SH Sole None 52,000 TARGET CORP Common 87612E10 1,557 45,000 SH Sole None 45,000 35,489 767,824 767,824 ======= ======== =======698

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