WPL W.P. Stewart & CO. Ltd.

CUSIP NO. G84922106 SCHEDULE 13G PAGE 2 OF 4

(1) NAME AND IRS NUMBER OF REPORTING PERSONS

 FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD. (#38-2562340)

(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 A.............{ }
 B.............{ }

(3) SEC USE ONLY

(4) CITIZENSHIP OR PLACE OF ORGANIZATION

 MICHIGAN

NUMBER OF SHARES OF:

(5) SOLE VOTING POWER

 NONE

(6) SHARED VOTING POWER

 2,401,884

(7) SOLE DISPOSITIVE POWER

 NONE

(8) SHARED DISPOSITIVE POWER

 2,401,884

(9) AGGREGATE AMOUNT BENEFICIALLY OWNED

 2,401,884 *SEE NOTE 1*

(10) CHECK IF AGGREGATE AMOUNT EXCEEDS CERTAIN SHARES

 { }

(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 5.05%

(12) TYPE OF REPORTING PERSON

 IA

CUSIP G84922106 SCHEDULE 13G PAGE 3 OF 4

ITEM 1 (A) NAME OF ISSUER

 W P STEWART & Co., Ltd.

ITEM 1 (B) ADDRESS OF ISSUER

 43 CEDAR AVENUE
 HAMILTON, BERMUDA 00000

ITEM 2 (A) NAME OF PERSON FILING

 FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD

ITEM 2 (B) ADDRESS OF PERSON FILING

 111 CASS ST.
 TRAVERSE CITY, MI. 49684

ITEM 2 (C) CITIZENSHIP

 MICHIGAN

ITEM 2 (D) TITLE OF CLASS OF SECURITIES

 COMMON STOCK

ITEM 2 (E) CUSIP NO.

 G84922106

ITEM 3 THIS STATEMENT IS BEING FILED BY AN INVESTMENT ADVISOR IN
 ACCORDANCE WITH RULE 13D-1(B)(1)(ii)(E).

CUSIP G84922106 SCHEDULE 13G PAGE 4 OF 4

OWNERSHIP
ITEM 4 (A) AMOUNT BENEFICIALLY OWNED

 2,401,884 * SEE NOTE 1 *

ITEM 4 (B) PERCENT OF CLASS

 5.05%

ITEM 4 (C) NUMBER OF SHARES:

 (i) SOLE POWER TO VOTE

 NONE

 (ii) SHARED POWER TO VOTE

 2,401,884

 (iii) SOLE POWER TO DISPOSE

 NONE

 (iv) SHARED POWER TO DISPOSE

 2,401,884

 ** NOTE 1 **
 FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD IS A
 REGISTERED INVESTMENT ADVISOR, MANAGING INDIVIDUAL
 CLIENT ACCOUNTS. ALL SHARES REPRESENTED IN THIS
 REPORT ARE HELD IN ACCOUNTS OWNED BY THE CLIENTS
 OF FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD.
 BECAUSE OF THIS, FINANCIAL & INVESTMENT MANAGEMENT
 GROUP, LTD DISCLAIMS BENEFICIAL OWNERSHIP.

ITEM (5) OWNERSHIP OF LESS THAN FIVE PERCENT

 CHECK THE FOLLOWING BOX IF THE STATEMENT IS BEING FILED TO
 NOTIFY THAT THE OWNERSHIP IS NOW LESS THAN FIVE PERCENT

 { }

ITEM (6) OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 ALL SHARES REPRESENTED IN THIS REPORT ARE OWNED BY ADVISORY
 CLIENTS OF FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD
 NONE OF WHICH, TO OUR KNOWLEDGE, OWNS FIVE PERCENT OR MORE
 OF THE CLASS.

ITEM (7) IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
 ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
 COMPANY:

 NOT APPLICABLE

ITEM (8) IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 NOT APPLICABLE

ITEM (9) NOTICE OF DISSOLUTION OF GROUP

 NOT APPLICABLE

ITEM (10) CERTIFICATION
 By signing below, I certify that, to the best of my knowledge
 and belief, the securities referred to above were acquired in
 the ordinary course of business and were not acquired for the
 purpose of and do not have the effect of changing or influecing
 the control of the issuer of such securities and were not
 acquired in the connection with or as a participant in any
 transaction having such purposes or effect.

 After reasonable inquiry and to the best of my knowledge and
 belief, I certify that the information set forth in this
 statement is true, complete and correct."


 October 15, 2008

 Matthew Bohrer
 CCO