UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F-HR
FORM 13F-HR COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2011
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: Brookfield Asset Management Inc.
Address: Brookfield Place
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Form 13F File Number: 028-14349
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: Jeffrey Haar
Title: Senior Vice President, Legal
Phone: 416-956-5240
Signature, Place, and Date of Signing:
/s/ Jeffrey Haar Toronto, Ontario, Canada 05/16/2011
-------------------------- ------------------------- -------------------------
[Signature] [Place] [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 manager(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:
13F File Number Name
--------------- -------------------------------------
028-13826 Brookfield Investment Management Inc.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 39
Form 13F Information Table Value Total: 10,646,196
(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. 13F File Number Name
--- --------------- -----------------------------------------------------
02 028-14362 Brookfield Asset Management Private Institutional
Capital Adviser (Canada) LP
Brookfield Asset Management Inc.
FORM 13F
As of March 31, 2011
Voting Authority
Value Shares/ Sh/ Put/ Invstmt Other ------------------------
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
---------------------------- ---------------- --------- -------- ------- --- ---- ------- -------- --------- --------- ----
AMN HEALTHCARE SERVICES COM 001744101 1645 190000 SH Defined 190000
ANNALY CAP MGMT INC COM 035710409 8289 475000 SH Defined 475000
APPLE INC. COM 037833100 1223 3508 SH Defined 3508
ATLANTIC PWR CORP COM 04878Q863 1785 118000 SH Defined 118000
BANK OF AMERICA CORPORATION COM 060505104 11331 850000 SH Defined 850000
BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 1134 450000 SH Defined 450000
BANK MONTREAL QUE COM 063671101 332 5110 SH Defined 5110
BANK NOVA SCOTIA HALIFAX COM 064149107 417 6796 SH Defined 6796
BARRICK GOLD CORP COM 067901108 1671 32196 SH Defined 32196
BAYTEX ENERGY CORP COM 07317Q105 2335 40000 SH Defined 40000
BEAZER HOMES USA INC COM 07556Q105 1371 300000 SH Defined 300000
BROOKFIELD HOMES CORP COM COM 112723101 505800 53808460 SH Defined 53808460
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 1087 48930 SH Defined 48930
BROOKFIELD PPTYS CORP COM COM 112900105 4418705 249362561 SH Defined 249362561
CANADIAN NAT RES LTD COM 136385101 3945 79810 SH Defined 79810
CITIGROUP INC COM 172967101 13260 3000000 SH Defined 3000000
D R HORTON INC COM 23331A109 5534 475000 SH Defined 475000
DANAHER CORP COM 235851102 1308 25200 SH Defined 25200
DIANA SHIPPING INC COM Y2066G104 592 50000 SH Defined 50000
ENERPLUS CORP COM 292766102 7078 223575 SH Defined 223575
GENERAL GROWTH PPTYS INC NEW COM 370023103 5421074 350198591 SH Defined 02 350198591
GENERAL MTRS CO COM 37045V100 7137 230000 SH Defined 230000
GOLDCORP INC. COM 380956409 1383 27774 SH Defined 27774
HOWARD HUGHES CORP COM 44267D107 171275 2424618 SH Defined 02 2424618
JPMORGAN CHASE & CO COM 46625H100 10373 225000 SH Defined 225000
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 1678 100000 SH Defined 100000
LENNAR CORP CL B 526057302 6989 385700 SH Defined 385700
M D C HLDGS INC COM 552676108 1268 50000 SH Defined 50000
MERITAGE HOMES CORP COM 59001A102 1207 50000 SH Defined 50000
MITEL NETWORKS CORP COM 60671Q104 1860 395000 SH Defined 395000
PENGROWTH ENERGY CORP COM 70706P104 5479 396200 SH Defined 396200
RESEARCH IN MOTION LTD COM 760975102 2414 42695 SH Defined 42695
ROGERS COMMUNICATIONS INC CL B 775109200 1372 37685 SH Defined 37685
ROYAL BK CDA MONTREAL QUE COM 780087102 3694 59615 SH Defined 59615
RYLAND GROUP INC COM 783764103 7155 450000 SH Defined 450000
SANDERSON FARMS INC COM 800013104 781 17000 SH Defined 17000
TECUMSEH PRODS CO CL B 878895101 4770 500000 SH Defined 500000
TORONTO DOMINION BK ONT COM 891160509 3912 44160 SH Defined 44160
TRANSCANADA CORP COM 89353D107 3534 87193 SH Defined 87193