UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2010
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: Joseph Sullivan
Title: Chief Administrative Officer
Phone: 410-454-4988
Signature, Place, and Date of Signing:
Joseph Sullivan Baltimore, MD February 11, 2011
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
28-3428 Private Capital Management, L.P.
28-3780 Royce & Associates, LLC
28-3658 Barrett Associates, Inc.
28-14027 Permal Asset Management, Inc.
28-1801 Bartlett & Co.
28-0377 Batterymarch Financial Management, Inc.
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
28-2568 ClearBridge Asset Management, Inc.
28-11198 Legg Mason Asset Management (Japan) Co. Ltd
28-13247 Global Currents Investment Management, LLC
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form13F Information Table Entry Total: 186
Form13F Information Table Value Total: $65,183 (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
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 767 15800 SH DEFINED 1 15800 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 120 1800 SH DEFINED 1 1800 0 0
AETNA INC NEW COM 00817Y108 135 4400 SH DEFINED 1 4400 0 0
AFLAC INC COM 001055102 374 6610 SH DEFINED 1 6610 0 0
AGRIUM INC COM 008916108 459 5000 SH DEFINED 1 5000 0 0
ALCOA INC COM 013817101 9 560 SH DEFINED 1 560 0 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 20 1001 SH DEFINED 1 1001 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 4 261 SH DEFINED 1 261 0 0
AMERICAN EXPRESS CO COM 025816109 245 5700 SH DEFINED 1 5700 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 8 130 SH DEFINED 1 130 0 0
AMERIPRISE FINL INC COM 03076C106 282 4900 SH DEFINED 1 4900 0 0
AMERISOURCEBERGEN CORP COM 03073E105 72 2100 SH DEFINED 1 2100 0 0
AMGEN INC COM 031162100 83 1500 SH DEFINED 1 1500 0 0
ANADARKO PETE CORP COM 032511107 902 11830 SH DEFINED 1 11830 0 0
APACHE CORP COM 037411105 620 5200 SH DEFINED 1 5200 0 0
APPLE INC COM 037833100 1014 3140 SH DEFINED 1 3140 0 0
APPLIED MATLS INC COM 038222105 61 4300 SH DEFINED 1 4300 0 0
ARCH CAP GROUP LTD ORD G0450A105 590 6700 SH DEFINED 1 6700 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 277 9200 SH DEFINED 1 9200 0 0
ARROW ELECTRS INC COM 042735100 199 5800 SH DEFINED 1 5800 0 0
ASSURANT INC COM 04621X108 259 6700 SH DEFINED 1 6700 0 0
AT&T INC COM 00206R102 738 25100 SH DEFINED 1 25100 0 0
AVERY DENNISON CORP COM 053611109 94 2200 SH DEFINED 1 2200 0 0
AXIS CAPITAL HOLDINGS SHS G0692U109 219 6100 SH DEFINED 1 6100 0 0
BANK MONTREAL QUE COM 063671101 116 2000 SH DEFINED 1 2000 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 418 7300 SH DEFINED 1 7300 0 0
BANK OF AMERICA CORPORATION COM 060505104 1364 102140 SH DEFINED 1 102140 0 0
BB&T CORP COM 054937107 8 272 SH DEFINED 1 272 0 0
BCE INC COM NEW 05534B760 809 22800 SH DEFINED 1 22800 0 0
BERKLEY W R CORP COM 084423102 28 1000 SH DEFINED 1 1000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 29 350 SH DEFINED 1 350 0 0
BLOCK H & R INC COM 093671105 124 10400 SH DEFINED 1 10400 0 0
CA INC COM 12673P105 223 9100 SH DEFINED 1 9100 0 0
CAPITALSOURCE INC COM 14055X102 43 6000 SH DEFINED 1 6000 0 0
CARNIVAL CORP PAIRED CTF 143658300 5 101 SH DEFINED 1 101 0 0
CB RICHARD ELLIS GROUP INC CL A 12497T101 12 559 SH DEFINED 1 559 0 0
CBS CORP NEW CL B 124857202 8 375 SH DEFINED 1 375 0 0
CELANESE CORP DEL COM SER A 150870103 54 1300 SH DEFINED 1 1300 0 0
CHESAPEAKE ENERGY CORP COM 165167107 14 540 SH DEFINED 1 540 0 0
CHEVRON CORP NEW COM 166764100 1589 17395 SH DEFINED 1 17395 0 0
CHICOS FAS INC COM 168615102 7 519 SH DEFINED 1 519 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 11 51 SH DEFINED 1 51 0 0
CHUBB CORP COM 171232101 144 2400 SH DEFINED 1 2400 0 0
CIGNA CORP COM 125509109 26 700 SH DEFINED 1 700 0 0
CINTAS CORP COM 172908105 593 21200 SH DEFINED 1 21200 0 0
CISCO SYS INC COM 17275R102 836 41300 SH DEFINED 1 41300 0 0
CIT GROUP INC COM NEW 125581801 231 4900 SH DEFINED 1 4900 0 0
CITIGROUP INC COM 172967101 248 52272 SH DEFINED 1 52272 0 0
COCA COLA CO COM 191216100 408 6200 SH DEFINED 1 6200 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 233 9300 SH DEFINED 1 9300 0 0
COMCAST CORP NEW CL A 20030N101 264 12000 SH DEFINED 1 12000 0 0
COMPUTER SCIENCES CORP COM 205363104 214 4300 SH DEFINED 1 4300 0 0
COMSTOCK RES INC COM NEW 205768203 11 410 SH DEFINED 1 410 0 0
CONAGRA FOODS INC COM 205887102 28 1200 SH DEFINED 1 1200 0 0
CONOCOPHILLIPS COM 20825C104 494 7250 SH DEFINED 1 7250 0 0
CORN PRODS INTL INC COM 219023108 207 4500 SH DEFINED 1 4500 0 0
CPFL ENERGIA S A SPONSORED ADR 126153105 492 6400 SH DEFINED 1 6400 0 0
CUMMINS INC COM 231021106 12 103 SH DEFINED 1 103 0 0
DELL INC COM 24702R101 777 57270 SH DEFINED 1 57270 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 370 29300 SH DEFINED 1 29300 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 465 8933 SH DEFINED 1 8933 0 0
DEVON ENERGY CORP NEW COM 25179M103 7 85 SH DEFINED 1 85 0 0
DISH NETWORK CORP CL A 25470M109 65 3300 SH DEFINED 1 3300 0 0
DOLLAR TREE INC COM 256746108 45 800 SH DEFINED 1 800 0 0
DONNELLEY R R & SONS CO COM 257867101 191 10900 SH DEFINED 1 10900 0 0
DR REDDYS LABS LTD ADR 256135203 174 4700 SH DEFINED 1 4700 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 554 11100 SH DEFINED 1 11100 0 0
EAST WEST BANCORP INC COM 27579R104 221 11250 SH DEFINED 1 11250 0 0
EASTMAN CHEM CO COM 277432100 59 700 SH DEFINED 1 700 0 0
EL PASO CORP COM 28336L109 241 17500 SH DEFINED 1 17500 0 0
EMCOR GROUP INC COM 29084Q100 400 13800 SH DEFINED 1 13800 0 0
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 275 7700 SH DEFINED 1 7700 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 11 196 SH DEFINED 1 196 0 0
ESSEX PPTY TR INC COM 297178105 7 58 SH DEFINED 1 58 0 0
EXXON MOBIL CORP COM 30231G102 1213 16580 SH DEFINED 1 16580 0 0
F5 NETWORKS INC COM 315616102 4 30 SH DEFINED 1 30 0 0
FASTENAL CO COM 311900104 6 84 SH DEFINED 1 84 0 0
FIFTH THIRD BANCORP COM 316773100 10 640 SH DEFINED 1 640 0 0
FLUOR CORP NEW COM 343412102 869 13100 SH DEFINED 1 13100 0 0
FOSTER WHEELER AG COM H27178104 649 18800 SH DEFINED 1 18800 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 277 2300 SH DEFINED 1 2300 0 0
GANNETT INC COM 364730101 169 11133 SH DEFINED 1 11133 0 0
GAP INC DEL COM 364760108 118 5300 SH DEFINED 1 5300 0 0
GENERAL ELECTRIC CO COM 369604103 668 36500 SH DEFINED 1 36500 0 0
GILEAD SCIENCES INC COM 375558103 222 6100 SH DEFINED 1 6100 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 211 1248 SH DEFINED 1 1248 0 0
GOOGLE INC CL A 38259P508 1129 1900 SH DEFINED 1 1900 0 0
HCC INS HLDGS INC COM 404132102 403 13900 SH DEFINED 1 13900 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 285 1700 SH DEFINED 1 1700 0 0
HERBALIFE LTD COM USD SHS G4412G101 233 3400 SH DEFINED 1 3400 0 0
HERSHEY CO COM 427866108 279 5900 SH DEFINED 1 5900 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 7 464 SH DEFINED 1 464 0 0
HESS CORP COM 42809H107 4 50 SH DEFINED 1 50 0 0
HEWLETT PACKARD CO COM 428236103 644 15287 SH DEFINED 1 15287 0 0
HOST HOTELS & RESORTS INC COM 44107P104 8 430 SH DEFINED 1 430 0 0
HUMAN GENOME SCIENCES INC COM 444903108 7 260 SH DEFINED 1 260 0 0
ICICI BK LTD ADR 45104G104 725 14300 SH DEFINED 1 14300 0 0
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 541 7100 SH DEFINED 1 7100 0 0
INTEL CORP COM 458140100 749 35600 SH DEFINED 1 35600 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1297 8831 SH DEFINED 1 8831 0 0
INTERPUBLIC GROUP COS INC COM 460690100 7 596 SH DEFINED 1 596 0 0
ISHARES INC MSCI JAPAN 464286848 404 37003 SH DEFINED 1 37003 0 0
ISHARES TR BARCLYS TIPS BD 464287176 40 369 SH DEFINED 1 369 0 0
ISHARES TR MSCI EAFE IDX 464287465 3160 54273 SH DEFINED 1 54273 0 0
ISHARES TR RUSSELL1000VAL 464287598 3174 48927 SH DEFINED 1 48927 0 0
ISHARES TR RUSSELL1000GRW 464287614 1352 23606 SH DEFINED 1 23606 0 0
ISHARES TR RUSSELL 2000 464287655 767 9794 SH DEFINED 1 9794 0 0
ITRON INC COM 465741106 122 2200 SH DEFINED 1 2200 0 0
ITT CORP NEW COM 450911102 115 2200 SH DEFINED 1 2200 0 0
J CREW GROUP INC COM 46612H402 4 87 SH DEFINED 1 87 0 0
JPMORGAN CHASE & CO COM 46625H100 1139 26825 SH DEFINED 1 26825 0 0
KEYCORP NEW COM 493267108 118 13300 SH DEFINED 1 13300 0 0
LILLY ELI & CO COM 532457108 183 5200 SH DEFINED 1 5200 0 0
LIMITED BRANDS INC COM 532716107 431 14000 SH DEFINED 1 14000 0 0
LOEWS CORP COM 540424108 183 4700 SH DEFINED 1 4700 0 0
M & T BK CORP COM 55261F104 270 3100 SH DEFINED 1 3100 0 0
MACYS INC COM 55616P104 54 2100 SH DEFINED 1 2100 0 0
MARATHON OIL CORP COM 565849106 43 1150 SH DEFINED 1 1150 0 0
MEADWESTVACO CORP COM 583334107 202 7700 SH DEFINED 1 7700 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 387 6300 SH DEFINED 1 6300 0 0
MEDTRONIC INC COM 585055106 115 3100 SH DEFINED 1 3100 0 0
MERCK & CO INC NEW COM 58933Y105 350 9700 SH DEFINED 1 9700 0 0
MGM RESORTS INTERNATIONAL COM 552953101 6 350 SH DEFINED 1 350 0 0
MICRON TECHNOLOGY INC COM 595112103 301 37450 SH DEFINED 1 37450 0 0
MICROSEMI CORP COM 595137100 120 5200 SH DEFINED 1 5200 0 0
MICROSOFT CORP COM 594918104 1360 48700 SH DEFINED 1 48700 0 0
MOSAIC CO COM 61945A107 482 6300 SH DEFINED 1 6300 0 0
MURPHY OIL CORP COM 626717102 202 2700 SH DEFINED 1 2700 0 0
MYLAN INC COM 628530107 43 2000 SH DEFINED 1 2000 0 0
NAVISTAR INTL CORP NEW COM 63934E108 232 4000 SH DEFINED 1 4000 0 0
NEWMONT MINING CORP COM 651639106 406 6600 SH DEFINED 1 6600 0 0
NISOURCE INC COM 65473P105 256 14500 SH DEFINED 1 14500 0 0
NORTHROP GRUMMAN CORP COM 666807102 72 1100 SH DEFINED 1 1100 0 0
NRG ENERGY INC COM NEW 629377508 636 32500 SH DEFINED 1 32500 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 8 80 SH DEFINED 1 80 0 0
PEPSICO INC COM 713448108 386 5900 SH DEFINED 1 5900 0 0
PETROHAWK ENERGY CORP COM 716495106 4 190 SH DEFINED 1 190 0 0
PETSMART INC COM 716768106 263 6600 SH DEFINED 1 6600 0 0
PFIZER INC COM 717081103 521 29700 SH DEFINED 1 29700 0 0
PHILIP MORRIS INTL INC COM 718172109 1478 25239 SH DEFINED 1 25239 0 0
PRICELINE COM INC COM NEW 741503403 5 11 SH DEFINED 1 11 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 5 124 SH DEFINED 1 124 0 0
PROCTER & GAMBLE CO COM 742718109 1139 17700 SH DEFINED 1 17700 0 0
PROTECTIVE LIFE CORP COM 743674103 11 406 SH DEFINED 1 406 0 0
RESEARCH IN MOTION LTD COM 760975102 617 10600 SH DEFINED 1 10600 0 0
ROSS STORES INC COM 778296103 317 5000 SH DEFINED 1 5000 0 0
RYDER SYS INC COM 783549108 156 2950 SH DEFINED 1 2950 0 0
SARA LEE CORP COM 803111103 244 13900 SH DEFINED 1 13900 0 0
SEARS HLDGS CORP COM 812350106 3 36 SH DEFINED 1 36 0 0
SIMON PPTY GROUP INC NEW COM 828806109 7 65 SH DEFINED 1 65 0 0
SIRIUS XM RADIO INC COM 82967N108 4 1851 SH DEFINED 1 1851 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 688 36900 SH DEFINED 1 36900 0 0
SOUFUN HLDGS LTD ADR 836034108 116 1600 SH DEFINED 1 1600 0 0
SOUTHWESTERN ENERGY CO COM 845467109 3 56 SH DEFINED 1 56 0 0
ST JUDE MED INC COM 790849103 321 7500 SH DEFINED 1 7500 0 0
SYMANTEC CORP COM 871503108 155 9200 SH DEFINED 1 9200 0 0
TARGET CORP COM 87612E106 294 4881 SH DEFINED 1 4881 0 0
TATA MTRS LTD SPONSORED ADR 876568502 241 8200 SH DEFINED 1 8200 0 0
TECK RESOURCES LTD CL B 878742204 427 6900 SH DEFINED 1 6900 0 0
TECO ENERGY INC COM 872375100 164 9200 SH DEFINED 1 9200 0 0
TELEPHONE & DATA SYS INC COM 879433100 117 3200 SH DEFINED 1 3200 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1132 21700 SH DEFINED 1 21700 0 0
TJX COS INC NEW COM 872540109 329 7400 SH DEFINED 1 7400 0 0
TORCHMARK CORP COM 891027104 395 6600 SH DEFINED 1 6600 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 105 1400 SH DEFINED 1 1400 0 0
TRANSATLANTIC HLDGS INC COM 893521104 42 800 SH DEFINED 1 800 0 0
TRAVELERS COMPANIES INC COM 89417E109 151 2700 SH DEFINED 1 2700 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 5 89 SH DEFINED 1 89 0 0
UDR INC COM 902653104 11 450 SH DEFINED 1 450 0 0
UNITED CONTL HLDGS INC COM 910047109 43 1800 SH DEFINED 1 1800 0 0
UNITEDHEALTH GROUP INC COM 91324P102 896 24800 SH DEFINED 1 24800 0 0
URBAN OUTFITTERS INC COM 917047102 4 102 SH DEFINED 1 102 0 0
US BANCORP DEL COM NEW 902973304 271 9980 SH DEFINED 1 9980 0 0
VALLEY NATL BANCORP COM 919794107 6 370 SH DEFINED 1 370 0 0
VANGUARD INDEX FDS REIT ETF 922908553 3121 56361 SH DEFINED 1 56361 0 0
VANGUARD INDEX FDS STK MRK ETF 922908769 278 4267 SH DEFINED 1 4267 0 0
VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 435 9032 SH DEFINED 1 9032 0 0
VIACOM INC NEW CL B 92553P201 210 5300 SH DEFINED 1 5300 0 0
VORNADO RLTY TR SH BEN INT 929042109 9 100 SH DEFINED 1 100 0 0
WAL MART STORES INC COM 931142103 509 9430 SH DEFINED 1 9430 0 0
WEBMD HEALTH CORP COM 94770V102 3 50 SH DEFINED 1 50 0 0
WELLS FARGO & CO NEW COM 949746101 252 8120 SH DEFINED 1 8120 0 0
WENDYS ARBYS GROUP INC COM 950587105 3 586 SH DEFINED 1 586 0 0
WESTAR ENERGY INC COM 95709T100 101 4000 SH DEFINED 1 4000 0 0
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 994 28700 SH DEFINED 1 28700 0 0
WMS INDS INC COM 929297109 5 89 SH DEFINED 1 89 0 0