-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Uhy0StKv8+/ikLaZpWoILXSzdMi6LB55oOm62FEowJiESmH+yvoxavQp5s9XOjYz nnE0X669Lt4v3E+XnEOirQ== 0000814133-09-000072.txt : 20090515 0000814133-09-000072.hdr.sgml : 20090515 20090515115353 ACCESSION NUMBER: 0000814133-09-000072 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090515 DATE AS OF CHANGE: 20090515 EFFECTIVENESS DATE: 20090515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASATCH ADVISORS INC CENTRAL INDEX KEY: 0000814133 IRS NUMBER: 870319391 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01286 FILM NUMBER: 09830460 BUSINESS ADDRESS: STREET 1: 150 SOCIAL HALL AVENUE STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 8015330777 MAIL ADDRESS: STREET 1: 150 SOCIAL HALL AVENUE STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 13F-HR 1 sc13f309.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, 2009 Check here if Amendment [ ]; Amendment Number: This Amendment (check only one): [ ] is a restatement [ ] adds new holdings entries Name and Address of Institutional Investment Manager Filing this Report: Wasatch Advisors, Inc. 150 Social Hall Avenue Salt Lake City, UT 84111 13F File Number: None 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: Daniel D. Thurber Title: Chief Compliance Officer, General Council Phone Number: 801-533-0777 Signature, Place and Date of Signing: Daniel D. Thurber, Salt Lake City, UT, May 15, 2009 Report Type (check only one): [X] 13F Holdings Report [ ] 13F Notice [ ] 13F Combination Report List of Other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 336 Form 13F Information Table Value Total: $2,972,840 Confidential information has been omitted from the public Form 13F report and filed separately with the Commission. List of Other Included Managers: N/A FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- AT&T Inc. COM 00206R102 14630 580575.00SH SOLE Aaron Rents Inc. COM 002535201 12264 459997.00SH SOLE Abaxis Inc. COM 002567105 23676 1373313.00SH SOLE Abbott Laboratories COM 002824100 14561 305265.00SH SOLE Activision Blizzard Inc. COM 00507V109 1145 109500.00SH SOLE Adobe Systems Inc. COM 00724F101 459 21470.00 SH SOLE Advanced Analogic Technologies COM 00752J108 73 20300.00 SH SOLE Affiliated Managers Group Inc. COM 008252108 11488 275424.00SH SOLE Akamai Technologies COM 00971T101 2947 151900.00SH SOLE Alcoa Inc. COM 013817101 5511 750805.00SH SOLE Alexza Pharmaceuticals Inc. COM 015384100 2713 1227747.00SH SOLE Alliance Data Systems Corp. COM 018581108 2180 59008.00 SH SOLE Alliant Techsystems COM 018804104 2344 35000.00 SH SOLE Alpha Natural Resources Inc. COM 02076X102 3510 197730.00SH SOLE Altera Corporation COM 021441100 4300 245002.00SH SOLE American Caresource Holdings I COM 02505A103 1333 174060.00SH SOLE American Ecology Corp. COM 025533407 2521 180842.00SH SOLE American Electric Power Co Inc COM 025537101 9346 370000.00SH SOLE American Reprographics Co. COM 029263100 1972 557047.00SH SOLE Amphenol Corp.- Cl A CL A 032095101 3532 123980.00SH SOLE Amsurg Corp. COM 03232P405 6215 392133.00SH SOLE Anadarko Petroleum Corp. COM 032511107 10512 270305.00SH SOLE Annaly Capital Management Inc. COM 035710409 38426 2770461.00SH SOLE Apollo Group Inc. - Cl A CL A 037604105 1982 25304.00 SH SOLE Apollo Investment Corp. COM 03761U106 184 52732.00 SH SOLE Approach Resources Inc. COM 03834A103 2619 422446.00SH SOLE Archer-Daniels-Midland Co. COM 039483102 14461 520570.00SH SOLE Ares Capital Corp. COM 04010L103 134 27641.00 SH SOLE Atricure Inc. COM 04963C209 320 250000.00SH SOLE Atwood Oceanics Inc. COM 050095108 1244 75000.00 SH SOLE Avnet Inc. COM 053807103 12444 710685.00SH SOLE Avon Products Inc. COM 054303102 14627 760630.00SH SOLE BMC Software Inc. COM 055921100 4076 123521.00SH SOLE Bank of America Corp. COM 060505104 5874 861360.00SH SOLE Bankrate Inc. COM 06646V108 5622 225314.00SH SOLE Big 5 Sporting Goods Corp. COM 08915P101 2510 427637.00SH SOLE Bio-Reference Labs Inc. COM 09057G602 23240 1111428.00SH SOLE Boots & Coots International Co COM 099469504 1497 1197600.00SH SOLE Boston Private Finl Hlding COM 101119105 4355 1240809.00SH SOLE Boston Scientific Corp. COM 101137107 7082 890765.00SH SOLE Brown & Brown Inc. COM 115236101 208 11000.00 SH SOLE Bucyrus International Inc. COM 118759109 15097 994557.00SH SOLE Burlington Northern Santa Fe C COM 12189T104 6021 100100.00SH SOLE CAI International Inc. COM 12477X106 2106 744330.00SH SOLE CBS Corp-Class B CL B 124857202 2470 643235.00SH SOLE CH Robinson Worldwide Inc. COM 12541W209 1431 31379.00 SH SOLE CR Bard Inc. COM 067383109 10370 130080.00SH SOLE CRA International Inc. COM 12618T105 19577 1036909.00SH SOLE CVS Caremark Corp. COM 126650100 2801 101883.00SH SOLE Cameron International Corp. COM 13342B105 1244 56740.00 SH SOLE Capella Education Company COM 139594105 12234 230821.00SH SOLE Capital One Financial Corp. COM 14040H105 234 19079.00 SH SOLE Capitalsource Inc. COM 14055X102 39 32005.00 SH SOLE Capstead Mortgage Corp. COM 14067E506 666 61990.00 SH SOLE Cardica Inc. COM 14141R101 3421 1175516.00SH SOLE Cbeyond Inc. COM 149847105 11815 627448.00SH SOLE Cerner Corp. COM 156782104 4239 96400.00 SH SOLE Charles Schwab Corp/The COM 808513105 1542 99509.00 SH SOLE Chesapeake Energy Corp. COM 165167107 1699 99578.00 SH SOLE Chevron Corp. COM 166764100 13460 200180.00SH SOLE Cisco Systems Inc. COM 17275R102 3078 183542.00SH SOLE City National Corp COM 178566105 15003 444259.00SH SOLE Cognizant Technology Solutions COM 192446102 46464 2234929.00SH SOLE Commonwealth Bankshares Inc. COM 202736104 2492 498393.00SH SOLE Computer Sciences Corp. COM 205363104 15485 420340.00SH SOLE Comtech Telecommunications Cor COM 205826209 619 25000.00 SH SOLE ConAgra Foods Inc. COM 205887102 14183 840735.00SH SOLE Concur Technologies Inc. COM 206708109 1973 102790.00SH SOLE Conocophillips COM 20825C104 12348 315310.00SH SOLE Copart Inc. COM 217204106 83823 2826125.00SH SOLE CorVel Corp. COM 221006109 9540 471812.00SH SOLE Covance Inc. COM 222816100 5682 159479.00SH SOLE Dealertrack Holdings Inc. COM 242309102 29550 2255715.00SH SOLE Dexcom Inc. COM 252131107 3016 728478.00SH SOLE Diamond Hill Investment Group COM 25264R207 2515 63953.00 SH SOLE Dollar Financial Corp. COM 256664103 24429 2566021.00SH SOLE Dollar Tree Inc. COM 256746108 3146 70628.00 SH SOLE Dril-Quip COM 262037104 29275 953591.00SH SOLE Duff & Phelps Corp. - Cl A CL A 26433B107 914 58000.00 SH SOLE Duke Energy Corp. COM 26441C105 6170 430875.00SH SOLE EI Du Pont de Nemours & Co. COM 263534109 7153 320330.00SH SOLE ENSCO International Inc. COM 26874Q100 1320 50000.00 SH SOLE Ecolab Inc. COM 278865100 2248 64732.00 SH SOLE Electronic Arts Inc. COM 285512109 1819 100000.00SH SOLE Eli Lilly & Co. COM 532457108 13376 400370.00SH SOLE Emeritus Corp. COM 291005106 20490 3123463.00SH SOLE Emerson Electric Co. COM 291011104 10987 384435.00SH SOLE Encore Bancshares Inc. COM 29255V201 1620 182602.00SH SOLE Energen Corp COM 29265N108 2330 80000.00 SH SOLE EnergySolutions Inc. COM 292756202 692 80000.00 SH SOLE Esterline Technologies Corp. COM 297425100 808 40000.00 SH SOLE Expeditors Intl. of Washington COM 302130109 1289 45558.00 SH SOLE Express Scripts Inc. COM 302182100 3324 71992.00 SH SOLE F5 Networks Inc. COM 315616102 21150 1009537.00SH SOLE FPL GROUP INC COM COM 302571104 7115 140250.00SH SOLE FactSet Research Systems Inc. COM 303075105 17134 342752.00SH SOLE Fastenal Company COM 311900104 1607 49974.00 SH SOLE Federated Investors Inc. COM 314211103 10030 450565.00SH SOLE Fidelity National Information COM 31620M106 8433 463359.00SH SOLE First Bank of Delaware COM 319307104 232 227653.00SH SOLE First of Long Island Corp. COM 320734106 561 27800.00 SH SOLE Fluor Corp. COM 343412102 11759 340335.00SH SOLE GATX Corp. COM 361448103 263 13000.00 SH SOLE GFI Group Inc. COM 361652209 674 210000.00SH SOLE GMX Resources Inc. COM 38011M108 9900 1523147.00SH SOLE GameStop Corp. COM 36467W109 1479 52800.00 SH SOLE General Cable Corp. COM 369300108 1982 100000.00SH SOLE General Electric Co. COM 369604103 7266 718690.00SH SOLE Google Inc. Cl. A CL A 38259P508 428 1230.00 SH SOLE Graco Inc. COM 384109104 3906 228820.00SH SOLE Gulf Island Fabrication Inc. COM 402307102 108 13500.00 SH SOLE H&R Block Inc. COM 093671105 8192 450360.00SH SOLE HCC Ins Hldgs Inc. COM 404132102 1283 50928.00 SH SOLE HJ Heinz Co. COM 423074103 11583 350370.00SH SOLE Harbin Electric Inc. COM 41145W109 274 44500.00 SH SOLE Harris Corp. COM 413875105 13035 450425.00SH SOLE Haynes International Inc. COM 420877201 3631 203783.00SH SOLE Health Grades Inc. COM 42218Q102 530 260000.00SH SOLE Healthcare Services Group COM 421906108 659 44000.00 SH SOLE Healthways Inc. COM 422245100 4011 457349.00SH SOLE Heico Corp. COM 422806109 8253 339638.00SH SOLE Heico Corp. - Cl A CL A 422806208 8009 388215.00SH SOLE Helix Energy Solutions Group I COM 42330P107 2025 394050.00SH SOLE Herbalife Ltd. COM G4412G101 16908 1128673.00SH SOLE Heritage-Crystal Clean Inc. COM 42726M106 2105 282214.00SH SOLE Hess Corp. COM 42809H107 1355 25000.00 SH SOLE Hewlett-Packard Co. COM 428236103 15405 480490.00SH SOLE Hibbett Sports Inc. COM 428567101 42807 2227237.00SH SOLE Hill-Rom Holdings Inc. COM 431475102 534 54000.00 SH SOLE Hittite Microwave Corp. COM 43365Y104 25883 829598.00SH SOLE Home Depot Inc. COM 437076102 14919 633230.00SH SOLE Honeywell International Inc. COM 438516106 7255 260425.00SH SOLE Houston Wire & Cable Co. COM 44244K109 275 35480.00 SH SOLE Hugoton Royalty Trust COM 444717102 2390 250000.00SH SOLE Hunt (JB) Transport Services I COM 445658107 12609 522994.00SH SOLE Hyde Park Acquisition Corp. COM 448638106 373 99445.00 SH SOLE ICU Medical Inc. COM 44930G107 8851 275563.00SH SOLE Idex Corp. COM 45167R104 22285 1018973.00SH SOLE Intel Corp. COM 458140100 18979 1261060.00SH SOLE Interactive Intelligence Inc. COM 45839M103 3449 380714.00SH SOLE IntercontinentalExchange Inc. COM 45865V100 2574 34565.00 SH SOLE International Paper Co. COM 460146103 4307 611845.00SH SOLE Intest Corp. COM 461147100 33 151000.00SH SOLE Intevac Inc. COM 461148108 3125 599745.00SH SOLE Invacare Corp. COM 461203101 6945 433226.00SH SOLE JMP Group COM 46629U107 3031 630093.00SH SOLE JP Morgan Chase & Company COM 46625H100 10115 380545.00SH SOLE Johnson & Johnson COM 478160104 13644 259400.00SH SOLE Johnson Controls Inc COM 478366107 10092 841000.00SH SOLE Joy Global Inc. COM 481165108 248 11630.00 SH SOLE KKR Financial Holdings LLC COM 48248A306 2074 2329971.00SH SOLE Kansas City Southern COM 485170302 561 44129.00 SH SOLE Kendle International Inc. COM 48880L107 14231 678970.00SH SOLE Kimberly-Clark Corp. COM 494368103 13386 290315.00SH SOLE Knight Transportation Inc. COM 499064103 34116 2250383.00SH SOLE L-3 Communications Holdings COM 502424104 1013 14942.00 SH SOLE LHC Group LLC COM 50187A107 635 28500.00 SH SOLE LKQ Corp. COM 501889208 27971 1960134.00SH SOLE LSB Industries Inc. COM 502160104 1978 200000.00SH SOLE Life Time Fitness Inc. COM 53217R207 26323 2095808.00SH SOLE Lincoln Natl Corp COM 534187109 2950 440950.00SH SOLE Lindsay Corp. COM 535555106 945 35000.00 SH SOLE Linear Technology Corp. COM 535678106 2688 116993.00SH SOLE Loopnet Inc. COM 543524300 10210 1679249.00SH SOLE Lumber Liquidators Inc. COM 55003Q103 1434 112466.00SH SOLE Luna Innovations Inc. COM 550351100 586 568690.00SH SOLE MFA Financial Inc. COM 55272X102 17854 3036475.00SH SOLE MSC Industrial Direct Co.- A CL A 553530106 55473 1785406.00SH SOLE MSCI Inc. - A CL A 55354G100 42622 2520545.00SH SOLE MTS Medication Technologies COM 553773102 566 159867.00SH SOLE MWI Veterinary Supply Inc. COM 55402X105 19081 669963.00SH SOLE MYR Group Inc/Delaware COM 55405W104 8050 527871.00SH SOLE Magellan Midstream Holdings LP COM 55907R108 250 14305.00 SH SOLE Marathon Oil Corp. COM 565849106 17157 652623.00SH SOLE Maxim Integrated Products Inc. COM 57772K101 5518 417696.00SH SOLE McGrath Rentcorp COM 580589109 271 17183.00 SH SOLE McKesson Corp. COM 58155Q103 12977 370345.00SH SOLE Mednax Inc. COM 58502B106 34677 1176697.00SH SOLE Merck & Co Inc/NJ COM 589331107 11247 420460.00SH SOLE Michael Baker Corp. COM 057149106 390 15000.00 SH SOLE Micrel Inc. COM 594793101 12091 1717444.00SH SOLE Microchip Technology Inc. COM 595017104 2094 98802.00 SH SOLE Microsoft Corp. COM 594918104 13790 750685.00SH SOLE Microtune Inc. COM 59514P109 2464 1353616.00SH SOLE Morningstar Inc. COM 617700109 1690 49479.00 SH SOLE Mosaic Co/The COM 61945A107 2170 51700.00 SH SOLE Myriad Genetics Inc. COM 62855J104 2566 56430.00 SH SOLE NBTY Inc. COM 628782104 5857 415950.00SH SOLE NCI Inc. Cl-A CL A 62886K104 2051 78880.00 SH SOLE NII Holdings Inc. COM 62913F201 2152 143444.00SH SOLE NetScout Systems COM 64115T104 358 50000.00 SH SOLE NetSuite Inc. COM 64118Q107 18486 1641754.00SH SOLE Netlogic Microsystems Inc. COM 64118B100 28354 1031806.00SH SOLE NeurogesX Inc. COM 641252101 331 108959.00SH SOLE Neustar Inc. - Cl A CL A 64126X201 21354 1274839.00SH SOLE Neutral Tandem Inc. COM 64128B108 11936 485016.00SH SOLE New York Community Bancorp Inc COM 649445103 1652 147939.00SH SOLE Newmont Mining Corp. COM 651639106 16126 360275.00SH SOLE NiSource Inc. COM 65473P105 4410 450000.00SH SOLE Norfolk Southern Corp COM 655844108 4731 140180.00SH SOLE NovaMed Inc. COM 66986W108 2594 1142875.00SH SOLE NuVasive Inc. COM 670704105 5273 168040.00SH SOLE Nucor Corp. COM 670346105 1909 50000.00 SH SOLE NxStage Medical Inc. COM 67072V103 1289 499444.00SH SOLE O'Reilly Automotive Inc. COM 686091109 71485 2041856.00SH SOLE Oil States International Inc. COM 678026105 386 28726.00 SH SOLE Old Dominion Freight Line Inc. COM 679580100 25273 1075884.00SH SOLE Old Republic International Cor COM 680223104 10291 951125.00SH SOLE Omnicom Group Inc. COM 681919106 7488 320000.00SH SOLE Opnet Technologies Inc. COM 683757108 9788 1128896.00SH SOLE Oracle Corp. COM 68389X105 3167 175275.00SH SOLE Orexigen Therapeutics Inc. COM 686164104 2240 858066.00SH SOLE Orion Marine Group Inc. COM 68628V308 1074 82000.00 SH SOLE PLX Technology Inc. COM 693417107 210 96700.00 SH SOLE PSS World Medical Inc. COM 69366A100 12665 882577.00SH SOLE Parker Hannifin Corp. COM 701094104 11565 340355.00SH SOLE Paychex Inc. COM 704326107 1767 68841.00 SH SOLE Peets Coffee & Tea Inc. COM 705560100 17799 823279.00SH SOLE Pepsico Inc Com COM 713448108 13655 265240.00SH SOLE Pericom Semiconductor Corp. COM 713831105 12078 1652271.00SH SOLE Petrohawk Energy Corp. COM 716495106 19716 1025249.00SH SOLE Pfizer Inc. COM 717081103 11317 830890.00SH SOLE Pharmaceutical Product Develop COM 717124101 6435 271270.00SH SOLE Plains All American Pipeline L COM 726503105 1838 50000.00 SH SOLE Plains Exploration & Productio COM 726505100 390 22643.00 SH SOLE Plantronics Inc. COM 727493108 2148 177985.00SH SOLE Pool Corp. COM 73278L105 15138 1129729.00SH SOLE Power Integrations Inc. COM 739276103 36678 2132435.00SH SOLE Range Resources Corp. COM 75281A109 321 7800.00 SH SOLE Raytheon Co. COM 755111507 13449 345380.00SH SOLE Redwood Trust Inc. COM 758075402 53040 3455398.00SH SOLE Republic Services Inc. COM 760759100 14504 845710.00SH SOLE Resources Connection Inc. COM 76122Q105 66204 4390158.00SH SOLE Rightnow Technologies Inc. COM 76657R106 757 100000.00SH SOLE Riverbed Technology Inc. COM 768573107 2884 220498.00SH SOLE Robert Half Intl Inc. COM 770323103 237 13300.00 SH SOLE Rockwell Collins Inc. COM 774341101 10130 310370.00SH SOLE Rush Enterprises Inc. - Cl A CL A 781846209 1282 143751.00SH SOLE Rush Enterprises Inc. - Cl B CL B 781846308 10223 1305558.00SH SOLE SEI Investments Co. COM 784117103 19618 1606696.00SH SOLE SUPERVALU Inc. COM 868536103 12864 900845.00SH SOLE Sanmina-SCI Corp. COM 800907107 378 1240000.00SH SOLE Schlumberger Ltd. COM 806857108 11591 285345.00SH SOLE Seattle Genetics Inc/WA COM 812578102 4097 415530.00SH SOLE Shaw Group Inc/The COM 820280105 12072 440435.00SH SOLE Silicon Laboratories Inc. COM 826919102 23817 902157.00SH SOLE Solta Medical Inc. COM 83438K103 163 254300.00SH SOLE Sourcefire Inc. COM 83616T108 1901 261088.00SH SOLE Spectra Energy Corp. COM 847560109 13323 942235.00SH SOLE St. Jude Medical Inc. COM 790849103 4346 119632.00SH SOLE Staples Inc. COM 855030102 937 51716.00 SH SOLE Starent Networks Corp. COM 85528P108 4497 284429.00SH SOLE Steel Dynamics Inc. COM 858119100 1938 220000.00SH SOLE Sun Microsystems Inc. COM 866810203 2928 400000.00SH SOLE Supertex Inc. COM 868532102 5644 244328.00SH SOLE Sysco Corp. COM 871829107 18787 823990.00SH SOLE T. Rowe Price Group Inc. COM 74144T108 1343 46531.00 SH SOLE TETRA Technologies Inc. COM 88162F105 8601 2646309.00SH SOLE TTM Technologies Inc. COM 87305R109 6504 1121369.00SH SOLE Tamalpais Bancorp COM 87485H103 1490 270848.00SH SOLE Team Inc. COM 878155100 3110 265336.00SH SOLE Techne Corp. COM 878377100 13352 244057.00SH SOLE Tessera Technologies Inc. COM 88164L100 8487 634785.00SH SOLE Tetra Tech Inc. COM 88162G103 18633 914271.00SH SOLE The Allstate Corporation COM 020002101 9780 510730.00SH SOLE The Steak n Shake Company COM 857873103 3028 400000.00SH SOLE The Travelers Cos Inc. COM 89417E109 12611 310315.00SH SOLE Tower Group Inc. COM 891777104 9373 380538.00SH SOLE TransDigm Group Inc. COM 893641100 2057 62641.00 SH SOLE URS Corp. COM 903236107 6311 156186.00SH SOLE Ultimate Software Group Inc. COM 90385D107 13354 773699.00SH SOLE United PanAm Financial Corp. COM 911301109 2019 1392296.00SH SOLE United Technologies Corp. COM 913017109 8393 195280.00SH SOLE VCA Antech Inc. COM 918194101 16001 709592.00SH SOLE Valmont Industries Inc. COM 920253101 1255 25000.00 SH SOLE Verizon Communications Inc. COM 92343V104 14511 480495.00SH SOLE Vistaprint Ltd. COM G93762204 22521 819232.00SH SOLE Vnus Medical Technologies COM 928566108 30763 1446321.00SH SOLE Volcom Inc. COM 92864N101 11316 1166559.00SH SOLE WW Grainger Inc. COM 384802104 276 3930.00 SH SOLE Waddell & Reed Financial COM 930059100 21106 1168033.00SH SOLE Wal-Mart Stores Inc. COM 931142103 20438 392290.00SH SOLE Walgreen Co. COM 931422109 14290 550475.00SH SOLE Washington Trust Bancorp Inc. COM 940610108 1536 94540.00 SH SOLE Waste Connections Inc. COM 941053100 7790 303100.00SH SOLE Waste Management Inc. COM 94106L109 17168 670625.00SH SOLE Watsco Inc. COM 942622200 9532 280095.00SH SOLE Westwood Holdings Group Inc. COM 961765104 11453 292986.00SH SOLE Williams Cos Inc. COM 969457100 10482 921075.00SH SOLE World Acceptance Corp. COM 981419104 11593 677937.00SH SOLE World Fuel Services Corp. COM 981475106 4717 149141.00SH SOLE XTO Energy Inc. COM 98385X106 1426 46578.00 SH SOLE Xilinx Inc. COM 983919101 281 14675.00 SH SOLE Zhongpin Inc. COM 98952K107 6246 703324.00SH SOLE Zimmer Holdings Inc. COM 98956P102 11875 325330.00SH SOLE Zoll Medical Corp. COM 989922109 1723 120000.00SH SOLE Zumiez Inc. COM 989817101 22350 2304122.00SH SOLE Zymogenetics Inc. COM 98985T109 1403 351609.00SH SOLE eBay Inc. COM 278642103 1884 150000.00SH SOLE hhgregg Inc. COM 42833L108 11556 816662.00SH SOLE optionsXpress Holdings Inc. COM 684010101 10624 934416.00SH SOLE Aegean Marine Petroleum Networ SHS Y0017S102 5456 325750.00SH SOLE Cameco Corp. COM 13321L108 5158 300430.00SH SOLE China Information Security Tec COM 16944F101 883 279500.00SH SOLE Enerplus Resources Fund UNIT TR G NEW 29274D604 1146 70010.00 SH SOLE Gran Tierra Energy Inc. COM 38500T101 2525 1005807.00SH SOLE Penn West Energy Trust TR UNIT 707885109 712 75000.00 SH SOLE Potash Corp. of Saskatchewan I COM 73755L107 11729 145140.00SH SOLE Stantec Inc. COM 85472N109 22079 1213145.00SH SOLE Telvent GIT SA SHS E90215109 652 50000.00 SH SOLE Transocean Ltd. REG SHS H8817H100 1412 24000.00 SH SOLE Vitran Corp. Inc. COM 92850E107 8421 1600865.00SH SOLE Yucheng Technologies Ltd. COM G98777108 292 45805.00 SH SOLE America Movil SA de CV - ADR SPON ADR L SHS 02364W105 267 9845.00 SH SOLE Anglo American PLCADR ADR NEW 03485P201 8540 1001185.00SH SOLE Baidu Inc.ADR SPON ADR REP A 056752108 1041 5895.00 SH SOLE China Mobile Ltd.ADR SPONSORED ADR 16941M109 12635 290330.00SH SOLE Deutsche Telekom AG - ADR SPONSORED ADR 251566105 9028 731025.00SH SOLE HDFC Bank Ltd. ADR ADR REPS 3 SHS 40415F101 32857 539251.00SH SOLE Icon PLC SP ADR SPONSORED ADR 45103T107 11152 690503.00SH SOLE Infosys Technologies SP ADR SPONSORED ADR 456788108 1263 47431.00 SH SOLE Longtop Financial Technologies ADR 54318P108 2951 139004.00SH SOLE Mindray Medical International SPON ADR 602675100 1162 62800.00 SH SOLE Netease.com Inc. - ADR SPONSORED ADR 64110W102 6300 234650.00SH SOLE Nokia OYJ - ADR SPONSORED ADR 654902204 7831 671065.00SH SOLE Novartis AG ADR SPONSORED ADR 66987V109 13632 360340.00SH SOLE O2Micro International Ltd. - A SPON ADR 67107W100 19705 5761821.00SH SOLE Rio Tinto PLC - ADR SPONSORED ADR 767204100 980 7313.00 SH SOLE Shanda Interactive Entertainme SPONSORED ADR 81941Q203 7877 199255.00SH SOLE Syngenta AG ADR SPONSORED ADR 87160A100 9745 242945.00SH SOLE Taiwan Semiconductor SP ADR SPONSORED ADR 874039100 2269 253568.00SH SOLE Teva Pharmaceutical Industries ADR 881624209 2486 55175.00 SH SOLE Washington Trust Bancorp Inc. COM 940610108 5170 318153.00SH SOLE SPDR S&P Metals & Mining ETF S&P METALS MNG 78464A755 989 39320.00 SH SOLE iShares MSCI Emerging Markets MSCI EMERG MKT 464287234 2060 83025.00 SH SOLE iShares Russell 2000 Growth In RUSL 2000 GROW 464287648 6615 143861.00SH SOLE
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