0000903949-11-000005.txt : 20110810 0000903949-11-000005.hdr.sgml : 20110810 20110810165735 ACCESSION NUMBER: 0000903949-11-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110810 DATE AS OF CHANGE: 20110810 EFFECTIVENESS DATE: 20110810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NICHOLAS CO INC /WI CENTRAL INDEX KEY: 0000903949 IRS NUMBER: 391091673 STATE OF INCORPORATION: WI FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04359 FILM NUMBER: 111024991 BUSINESS ADDRESS: STREET 1: 700 NORTH WATER STREET STREET 2: SUITE 1010 CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4142724650 MAIL ADDRESS: STREET 1: 700 NORTH WATER STREET STREET 2: SUITE 1010 CITY: MILWAUKEE STATE: WI ZIP: 53202 13F-HR 1 co13f063011.txt UNITES STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (check only one.): [x] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Nicholas Company, Inc. Address: 700 North Water Street Suite 1010 Milwaukee, WI 53202 Form 13F File Number: 28-04359 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 therein is true, correct and complete, and that it is understood that all required items, statements, schedules, list, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey T. May Title: Executive Vice President and CFO Phone: 414-272-4650 Signature, Place, and Date of Signing: /s/ Jeffrey T. May Milwaukee, WI 8/10/2011 ------------------ ------------- ---------- [Signature] [City, State] [Date] Report Type (check only one.): [x] 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).) [ ] 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).) FORM 13F INFORMATION TABLE

VALUE SHRS OR SHINVE OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRDISCMANAGERS SOLE SHARED NONE Aaron's, Inc. COM 002535201 $48,782 1,726,179 SHSOLE 3,829 1,722,350 Abbott Laboratories COM 002824100 $3,483 66,200 SHSOLE 6,500 59,700 AECOM Technology Corporation COM 00766T100 $41,292 1,510,315 SHSOLE 10,415 1,499,900 Accenture PLC CL A G1151C101 $8,171 135,240 SHSOLE 240 135,000 Allergan, Inc. COM 018490102 $7,086 85,115 SHSOLE 115 85,000 Arthur J. Gallagher & Co. COM 363576109 $2,868 100,500 SHSOLE 500 100,000 Akamai Technologies, Inc. COM 00971T101 $5,669 180,150 SHSOLE 150 180,000 Altera Corporation COM 021441100 $10,188 219,800 SHSOLE 1,800 218,000 AMETEK, Inc. COM 031100100 $9,442 210,280 SHSOLE 280 210,000 Affiliated Managers Group COM 008252108 $94,913 935,560 SHSOLE 660 934,900 ANSYS, Inc. COM 03662Q105 $9,015 164,895 SHSOLE 1,095 163,800 Apache Corporation COM 037411105 $37,733 305,800 SHSOLE 3,000 302,800 Air Products and Chemicals, Inc.COM PAR $.06 009158106 $3,565 37,300 SHSOLE 400 36,900 Airgas, Inc. COM 009363102 $4,363 62,300 SHSOLE 3,800 58,500 Aeroflex Holding Corp. COM 007767106 $2,304 126,950 SHSOLE 1,950 125,000 Associated Banc-Corp COM 045487105 $2,032 146,190 SHSOLE 1,190 145,000 Ascena Retail Group Inc. COM 04351G101 $2,951 86,665 SHSOLE 1,665 85,000 AptarGroup, Inc. COM 038336103 $24,548 469,015 SHSOLE 10,015 459,000 Avago Technologies Limited COM Y0486S104 $7,421 195,300 SHSOLE 300 195,000 Avery Dennison Corporation COM 053611109 $2,704 70,000 SHSOLE 70,000 Bank of America Corporation 7.257.25%CNV PFD L 060505682 $3,202 3,194 SHSOLE 3,194 Best Buy Co., Inc. COM 086516101 $433 13,800 SHSOLE 6,800 7,000 C.R. Bard, Inc. COM 067383109 $27,465 250,000 SHSOLE 250,000 Beacon Roofing Supply, Inc. COM 073685109 $2,785 122,060 SHSOLE 2,060 120,000 Brigham Exploration Company COM 109178103 $1,510 50,435 SHSOLE 435 50,000 Ball Corporation COM 058498106 $61,536 1,600,000 SHSOLE 1,600,000 Immucor, Inc. COM 452526106 $2,693 131,875 SHSOLE 1,875 130,000 BMC Software, Inc. COM 055921100 $7,396 135,210 SHSOLE 210 135,000 Bemis Company, Inc. COM 081437105 $8,289 245,375 SHSOLE 1,875 243,500 Body Central Corp. COM 09689U102 $951 40,400 SHSOLE 400 40,000 Broadridge Financial Solutions, COM 11133T103 $11,382 472,870 SHSOLE 8,870 464,000 Brown & Brown, Inc. COM 115236101 $8,252 321,575 SHSOLE 1,575 320,000 Bristow Group Inc. COM 110394103 $1,160 22,745 SHSOLE 245 22,500 Baylake Corp. COM 072788102 $409 101,000 SHSOLE 101,000 Cameron International CorporatioCOM 13342B105 $2,771 55,100 SHSOLE 100 55,000 Cavium, Inc. COM 14964U108 $872 20,000 SHSOLE 20,000 Caribou Coffee Company, Inc. COM 142042209 $301 22,750 SHSOLE 2,750 20,000 Commerce Bancshares, Inc. COM 200525103 $5,191 120,710 SHSOLE 4,473 116,237 Community Bank System, Inc. COM 203607106 $2,292 92,475 SHSOLE 2,475 90,000 Cerner Corporation COM 156782104 $3,065 50,150 SHSOLE 150 50,000 CEVA, Inc. COM 157210105 $2,305 75,675 SHSOLE 675 75,000 Cullen/Frost Bankers, Inc. COM 229899109 $3,417 60,100 SHSOLE 100 60,000 C.H. Robinson Worldwide, Inc. COM NEW 12541W209 $6,947 88,115 SHSOLE 2,015 86,100 Continental Resources, Inc. COM 212015101 $6,958 107,200 SHSOLE 100 107,100 Comerica Incorporated COM 200340107 $5,129 148,365 SHSOLE 5,765 142,600 Concur Technologies, Inc. COM 206708109 $1,388 27,715 SHSOLE 215 27,500 Covidien plc SHS G2554F105 $30,320 569,600 SHSOLE 5,400 564,200 Copart, Inc. COM 217204106 $46,583 999,635 SHSOLE 8,035 991,600 Computer Programs and Systems, ICOM 205306103 $2,817 44,375 SHSOLE 875 43,500 Charles River Laboratories Int'lCOM 159864107 $2,034 50,025 SHSOLE 525 49,500 Ceragon Networks Ltd. ORD M22013102 $2,397 201,610 SHSOLE 1,610 200,000 Cirrus Logic, Inc. COM 172755100 $2,246 141,250 SHSOLE 1,250 140,000 CSS Industries, Inc. COM 125906107 $2,616 125,000 SHSOLE 125,000 Computer Services, Inc. COM 20539A105 $1,461 48,866 SHSOLE 800 48,066 Covance Inc. COM 222816100 $7,758 130,665 SHSOLE 2,965 127,700 CVS/Caremark Corp. COM 126650100 $105 2,792 SHSOLE 2,792 Chevron Corporation COM 166764100 $391 3,800 SHSOLE 1,300 2,500 Concho Resources Inc. COM 20605P101 $3,682 40,090 SHSOLE 90 40,000 Diebold, Incorporated COM 253651103 $2,496 80,500 SHSOLE 500 80,000 Digital Realty Trust, Inc. COM 253868103 $9,691 156,860 SHSOLE 5,560 151,300 Dorchester Minerals, L.P. COM UNIT 25820R105 $4,875 180,900 SHSOLE 900 180,000 Darden Restaurants, Inc. COM 237194105 $7,723 155,210 SHSOLE 210 155,000 Dril-Quip, Inc. COM 262037104 $339 5,000 SHSOLE 5,000 DIRECTV - Class A COM 25490A101 $5,082 100,000 SHSOLE 100,000 Duff & Phelps Corporation CL A 26433B107 $10,329 805,075 SHSOLE 17,075 788,000 Duke Energy Corporation COM 26441C105 $6 300 SHSOLE 300 0 DaVita, Inc. COM 23918K108 $52 600 SHSOLE 600 DexCom, Inc. COM 252131107 $1,751 120,875 SHSOLE 875 120,000 Echo Global Logistics, Inc. COM 27875T101 $3,565 200,850 SHSOLE 3,550 197,300 Ecolab Inc. COM 278865100 $7,594 134,700 SHSOLE 4,000 130,700 Bottomline Technologies (de), InCOM 101388106 $2,991 121,050 SHSOLE 1,050 120,000 Eaton Vance Corp. COM NON VTG 278265103 $6,957 230,150 SHSOLE 150 230,000 Expeditors Int'l of Washington, COM 302130109 $7,330 143,200 SHSOLE 200 143,000 Exponent, Inc. COM 30214U102 $2,632 60,500 SHSOLE 500 60,000 Express, Inc. COM 30219E103 $2,966 136,050 SHSOLE 1,050 135,000 Fastenal Co. COM 311900104 $9,653 268,200 SHSOLE 1,200 267,000 Factset Research Systems Inc. COM 303075105 $2,581 25,220 SHSOLE 220 25,000 FirstEnergy Corporation COM 337932107 $2,711 61,400 SHSOLE 1,400 60,000 First Financial Bancorp. COM 320209109 $1,242 74,429 SHSOLE 1,035 73,394 Federated Investors, Inc. CL B 314211103 $715 30,000 SHSOLE 30,000 Fidelity National Information SeCOM 31620M106 $6,501 211,124 SHSOLE 275 210,849 Fiserv, Inc. COM 337738108 $45,046 719,237 SHSOLE 5,800 713,437 FLIR Systems, Inc. COM 302445101 $8,845 262,390 SHSOLE 1,890 260,500 FirstMerit Corp. COM 337915102 $2,668 161,628 SHSOLE 1,115 160,513 Finisar Corporation COM 31787A507 $1,642 91,050 SHSOLE 1,050 90,000 Fortinet COM 34959E109 $2,341 85,795 SHSOLE 795 85,000 Frontier Communications Corp COM 35906A108 $4,923 610,000 SHSOLE 610,000 Greif, Inc. CL B 397624206 $3,549 58,900 SHSOLE 1,600 57,300 Graco, Inc. COM 384109104 $2,179 43,015 SHSOLE 365 42,650 G-III Apparel Group, Ltd. COM 36237H101 $2,259 65,520 SHSOLE 520 65,000 Gilead Sciences, Inc. COM 375558103 $50,051 1,208,680 SHSOLE 8,280 1,200,400 Gentex Corporation COM 371901109 $7,466 246,975 SHSOLE 975 246,000 Genuine Parts Company COM 372460105 $1,991 36,600 SHSOLE 1,600 35,000 W.W. Grainger, Inc. COM 384802104 $58,127 378,310 SHSOLE 2,600 375,710 HCC Insurance Holdings, Inc. COM 404132102 $1,882 59,750 SHSOLE 1,550 58,200 Healthcare Services Group, Inc. COM 421906108 $21,168 1,302,633 SHSOLE 21,810 1,280,823 Home Depot, Inc. (The) COM 437076102 $33 900 SHSOLE 900 hhgregg, Inc. COM 42833L108 $16 1,200 SHSOLE 1,200 0 Helix Energy Solutions Group, InCOM 42330P107 $23 1,400 SHSOLE 1,400 0 Starwood Hotels & Resorts WorldwCOM 85590A401 $3,929 70,110 SHSOLE 110 70,000 Hewlett-Packard Company COM 428236103 $531 14,600 SHSOLE 6,700 7,900 Hormel Foods Corporation COM 440452100 $6,919 232,100 SHSOLE 300 231,800 Harris Corp. COM 413875105 $329 7,300 SHSOLE 4,800 2,500 Hub Group, Inc. - Class A CL A 443320106 $2,849 75,640 SHSOLE 640 75,000 Huron Consulting Group Inc. COM 447462102 $2,915 96,485 SHSOLE 1,485 95,000 iShares iBoxx $ High Yield CorpoHIGH YLD CORP 464288513 $137 1,500 SHSOLE 1,500 IBERIABANK Corporation COM 450828108 $2,363 40,990 SHSOLE 690 40,300 ICF International, Inc. COM 44925C103 $1,793 70,665 SHSOLE 665 70,000 ICON plc SPONSORED ADR 45103T107 $686 29,100 SHSOLE 10,000 19,100 IDEXX Laboratories, Inc. COM 45168D104 $8,249 106,360 SHSOLE 360 106,000 IDEX Corporation COM 45167R104 $11,292 246,275 SHSOLE 825 245,450 InterContinental Hotels Group PLSPONS ADR NEW 45857P301 $8,070 390,415 SHSOLE 415 390,000 IHS Inc. CL A 451734107 $11,505 137,915 SHSOLE 415 137,500 II-VI Incorporated COM 902104108 $2,580 100,800 SHSOLE 800 100,000 Intermec, Inc. COM 458786100 $2,449 221,800 SHSOLE 1,800 220,000 Informatica Corporation COM 45666Q102 $234 4,000 SHSOLE 500 3,500 Summit Hotel Properties, Inc. COM 866082100 $4,676 411,950 SHSOLE 1,950 410,000 InnerWorkings, Inc. COM 45773Y105 $2,542 304,800 SHSOLE 4,800 300,000 Illinois Tool Works Inc. COM 452308109 $610 10,800 SHSOLE 5,400 5,400 Jarden Corporation COM 471109108 $8,568 248,285 SHSOLE 1,085 247,200 J.B. Hunt Transport Services, InCOM 445658107 $174 3,700 SHSOLE 3,700 0 Jack Henry and Associates, Inc. COM 426281101 $2,423 80,750 SHSOLE 750 80,000 Juniper Networks, Inc. COM 48203R104 $5,363 170,250 SHSOLE 250 170,000 Jos. A. Bank Clothiers, Inc. COM 480838101 $36,490 729,650 SHSOLE 1,350 728,300 Nordstrom, Inc. COM 655664100 $4,898 104,340 SHSOLE 140 104,200 Kayne Anderson Energy DevelopmenCOM 48660Q102 $4,170 230,000 SHSOLE 230,000 Kirby Corporation COM 497266106 $31,537 556,500 SHSOLE 1,100 555,400 Kayne Anderson Midstream/Energy COM 002824100 $18,058 720,000 SHSOLE 720,000 Kinder Morgan Energy Partners, LUT LTD PARTNER 494550106 $22 300 SHSOLE 300 0 Kinder Morgan Management, LLC SHS 49455U100 $55,090 839,907 SHSOLE 107 839,801 CarMax, Inc. COM 143130102 $9,243 279,500 SHSOLE 300 279,200 Kohl's Corp. COM 500255104 $46,517 930,150 SHSOLE 7,750 922,400 Kayne Anderson Energy Total RetuCOM 48660P104 $22,141 747,000 SHSOLE 747,000 Kayne Anderson MLP Investment CoCOM 486606106 $22,630 748,100 SHSOLE 8,100 740,000 Loews Corporation COM 540424108 $37,881 900,000 SHSOLE 900,000 Leggett & Platt, Incorporated COM 524660107 $4,154 170,400 SHSOLE 8,600 161,800 Liz Claiborne, Inc. COM 539320101 $2,207 412,615 SHSOLE 2,615 410,000 LKQ Corporation COM 501889208 $24,621 943,700 SHSOLE 500 943,200 Linear Technology Corporation COM 535678106 $4,965 150,350 SHSOLE 350 150,000 Landstar System, Inc. COM 515098101 $6,981 150,200 SHSOLE 200 150,000 Lufkin Industries, Inc. COM 549764108 $344 4,000 SHSOLE 4,000 Leucadia National Corporation COM 527288104 $38,696 1,134,785 SHSOLE 1,134,785 MasterCard Incorporated CL A 57636Q104 $62,721 208,140 SHSOLE 940 207,200 Manpower Inc. COM 56418H100 $6,983 130,165 SHSOLE 165 130,000 ManTech International CorporatioCOM 564563104 $2,557 57,570 SHSOLE 970 56,600 Masimo Corporation COM 574795100 $2,275 76,655 SHSOLE 1,655 75,000 Mattel, Inc. COM 577081102 $4,206 153,000 SHSOLE 1,500 151,500 McDonald's Corporation COM 580135101 $616 7,300 SHSOLE 3,800 3,500 Microchip Technology Inc. COM 595017104 $27,052 713,590 SHSOLE 11,840 701,750 MICROS Systems, Inc. COM 594901100 $2,744 55,195 SHSOLE 695 54,500 Mercury General Corp. COM 589400100 $3,883 98,328 SHSOLE 400 97,928 Allscripts Healthcare Solutions,COM 01988P108 $9,492 488,790 SHSOLE 2,790 486,000 Medtronic, Inc. COM 585055106 $170 4,400 SHSOLE 4,400 0 Middleby Corporation (The) COM 596278101 $3,596 38,240 SHSOLE 540 37,700 Mobile Mini, Inc. COM 60740F105 $2,972 140,260 SHSOLE 2,560 137,700 McCormick & Company, Inc. COM 579780206 $6,905 139,300 SHSOLE 2,500 136,800 Marsh & McLennan Companies, Inc.COM 571748102 $7,313 234,475 SHSOLE 8,075 226,400 Monmouth Real Estate Investment CL A 609720107 $2,535 300,000 SHSOLE 300,000 Monro Muffler Brake, Inc. COM 610236101 $2,938 78,782 SHSOLE 1,282 77,500 Altria Group, Inc. COM 02209S103 $3,592 136,000 SHSOLE 1,000 135,000 Modine Manufacturing Company COM 607828100 $2,708 176,200 SHSOLE 1,200 175,000 Molex Incorporated CL A 608554200 $30,586 1,423,950 SHSOLE 15,250 1,408,700 Morningstar, Inc. COM 617700109 $24,125 396,925 SHSOLE 425 396,500 Marten Transport, Ltd. COM 573075108 $2,410 111,590 SHSOLE 1,590 110,000 MSCI Inc. CL A 55354G100 $6,601 175,190 SHSOLE 190 175,000 Microsoft Corporation COM 594918104 $632 24,300 SHSOLE 9,500 14,800 MSC Industrial Direct Co., Inc. CL A 553530106 $2,596 39,155 SHSOLE 855 38,300 Mettler-Toledo International IncCOM 592688105 $38,207 226,520 SHSOLE 1,270 225,250 MWI Veterinary Supply, Inc. COM 55402X105 $2,879 35,645 SHSOLE 645 35,000 Navistar International CorporatiCOM 63934E108 $6,216 110,090 SHSOLE 90 110,000 National HealthCare Corporation PFD CONV SER A 635906209 $1,188 80,020 SHSOLE 80,020 National Presto Industries, Inc.COM 637215104 $3,684 36,300 SHSOLE 36,300 National Research Corporation COM 637372103 $73 2,000 SHSOLE 2,000 0 Inergy, L.P. UNIT LTD PTNR 456615103 $40,356 1,141,300 SHSOLE 1,141,300 Newell Rubbermaid Inc. COM 651229106 $11,953 757,500 SHSOLE 16,000 741,500 Old Republic International CorpoCOM 680223104 $4,947 421,000 SHSOLE 1,000 420,000 O'Reilly Automotive, Inc. COM 67103H107 $58,926 899,494 SHSOLE 3,550 895,944 Oshkosh Corporation COM 688239201 $37,718 1,303,300 SHSOLE 1,303,300 OmniVision Technologies, Inc. COM 682128103 $2,658 76,365 SHSOLE 1,365 75,000 Plains All American Pipeline, L.UNIT LTD PARTN 726503105 $1,645 25,700 SHSOLE 700 25,000 Penske Automotive Group, Inc. COM 70959W103 $16,754 736,760 SHSOLE 600 736,160 Paychex, Inc. COM 704326107 $20,309 661,100 SHSOLE 8,300 652,800 Prestige Brands Holdings, Inc. COM 74112D101 $2,593 201,975 SHSOLE 1,975 200,000 Pitney Bowes Inc. COM 724479100 $1,609 70,000 SHSOLE 70,000 PETsMART, INC. COM 716768106 $6,816 150,240 SHSOLE 240 150,000 Pfizer Inc. COM 717081103 $4,621 224,300 SHSOLE 7,300 217,000 Douglas Dynamics, Inc. COM 25960R105 $3,254 206,100 SHSOLE 206,100 Philip Morris International Inc.COM 718172109 $49,911 747,500 SHSOLE 500 747,000 PAA Natural Gas Storage, L.P. UNIT LTD PTNR 693139107 $2,720 120,000 SHSOLE 120,000 Pentair, Inc. COM 709631105 $6,669 165,250 SHSOLE 250 165,000 Insulet Corporation COM 45784P101 $2,116 95,465 SHSOLE 1,065 94,400 PriceSmart, Inc. COM 741511109 $1,831 35,740 SHSOLE 740 35,000 PrivateBancorp, Inc. COM 742962103 $1,403 101,675 SHSOLE 1,675 100,000 Qlogic Corp. COM 747277101 $796 50,000 SHSOLE 50,000 Quality Systems, Inc. COM 747582104 $2,928 33,540 SHSOLE 440 33,100 Ryder System, Inc. COM 783549108 $4,952 87,100 SHSOLE 700 86,400 Radiant Systems, Inc. COM 75025N102 $3,177 152,010 SHSOLE 2,010 150,000 Ralcorp Holdings, Inc. COM 862039202 $4,035 46,600 SHSOLE 46,600 Ritchie Bros. Auctioneers IncorpCOM 767744105 $9,099 331,000 SHSOLE 1,000 330,000 Regal-Beloit Corporation COM 758750103 $2,687 40,250 SHSOLE 250 40,000 Robbins & Myers, Inc. COM 770196103 $3,997 75,620 SHSOLE 620 75,000 Red Hat, Inc. COM 756577102 $6,665 145,200 SHSOLE 200 145,000 Raymond James Financial, Inc. COM 754730109 $7,407 230,380 SHSOLE 380 230,000 Rocky Mountain Chocolate FactoryCOM PAR $0.03 774678403 $1,106 111,965 SHSOLE 5,250 106,715 ResMed Inc. COM 761152107 $7,454 240,850 SHSOLE 850 240,000 RBC Bearings COM 75524B104 $2,474 65,510 SHSOLE 510 65,000 Rosetta Resources, Inc. COM 777779307 $1,822 35,350 SHSOLE 350 35,000 RPM International, Inc. COM 749685103 $14,356 623,632 SHSOLE 19,776 603,856 Cohen & Steers Quality Income ReCOM 19247L106 $18,670 1,910,950 SHSOLE 1,910,950 Range Resources Corporation COM 75281A109 $577 10,400 SHSOLE 2,800 7,600 Republic Services, Inc. COM 760759100 $33,127 1,073,800 SHSOLE 8,900 1,064,900 Riverbed Technology, Inc. COM 768573107 $2,380 60,115 SHSOLE 115 60,000 Sally Beauty Holdings, Inc. COM 79546E104 $11,710 684,786 SHSOLE 684,786 Stepan Company COM 858586100 $30,042 423,725 SHSOLE 423,725 Seneca Foods Corporation CL A 817070501 $17,018 665,300 SHSOLE 665,300 Selective Insurance Group, Inc. COM 816300107 $1 60 SHSOLE 60 0 Siron Dental Systems, Inc. COM 82966C103 $6,112 115,100 SHSOLE 115,100 J.M. Smucker Company (The) COM NEW 832696405 $23 300 SHSOLE 300 Silicon Laboratories Inc. COM 826919102 $1,870 45,330 SHSOLE 330 45,000 Solera Holdings, Inc. COM 83421A104 $8,324 140,700 SHSOLE 140,700 SM Energy Company COM 792228108 $2,610 35,525 SHSOLE 825 34,700 Snap-on Incorporated COM 833034101 $35,531 568,685 SHSOLE 5,985 562,700 Sun Hydraulics Corporation COM 866942105 $2,352 49,205 SHSOLE 455 48,750 Standard Parking Corporation COM 853790103 $2,596 162,525 SHSOLE 2,525 160,000 St. Jude Medical, Inc. COM 790849103 $6,401 134,250 SHSOLE 4,650 129,600 SUPERVALU INC. COM 868536103 $2,823 300,000 SHSOLE 300,000 SolarWinds, Inc. COM 83416B109 $2,105 80,515 SHSOLE 515 80,000 Skyworks Solutions, Inc. COM 83088M102 $6,935 301,775 SHSOLE 1,775 300,000 Sensient Technologies CorporatioCOM 81725T100 $2,620 70,690 SHSOLE 690 70,000 Stryker Corporation COM 863667101 $833 14,200 SHSOLE 7,600 6,600 Sysco Corporation COM 871829107 $636 20,400 SHSOLE 8,700 11,700 AT&T Inc. COM 00206R102 $5,230 166,500 SHSOLE 3,500 163,000 Teradata Corporation COM 88076W103 $9,647 160,250 SHSOLE 250 160,000 Tidewater Inc. COM 886423102 $500 9,300 SHSOLE 3,700 5,600 Techne Corp. COM 878377100 $2,107 25,275 SHSOLE 275 25,000 Integrys Energy Group, Inc. COM 45822P105 $2,239 43,200 SHSOLE 1,200 42,000 Teva Pharmaceutical Industries LADR 881624209 $43,239 896,700 SHSOLE 5,500 891,200 Thor Industries, Inc. COM 885160101 $2,323 80,565 SHSOLE 565 80,000 TreeHouse Foods, Inc. COM 89469A104 $2,480 45,420 SHSOLE 420 45,000 TJX Companies, Inc. (The) COM 872540109 $7,890 150,200 SHSOLE 200 150,000 Thermo Fisher Scientific Inc. COM 883556102 $60,832 944,736 SHSOLE 5,695 939,041 T. Rowe Price Group, Inc. COM 74144T108 $5,753 95,350 SHSOLE 4,150 91,200 Travelers Companies, Inc. (The) COM 89417E109 $665 11,385 SHSOLE 6,084 5,301 Tupperware Brands Corporation COM 899896104 $15,981 236,930 SHSOLE 1,930 235,000 Texas Roadhouse, Inc. COM 882681109 $2,593 147,875 SHSOLE 2,875 145,000 Ulta Salon, Cosmetics & FragrancCOM 903845303 $4,566 70,700 SHSOLE 700 70,000 United Stationers Inc. COM 913004107 $9,566 270,000 SHSOLE 270,000 Uti Worldwide Inc. ORD G87210103 $6,212 315,500 SHSOLE 500 315,000 Valspar Corporation (The) COM 920355104 $72 2,000 SHSOLE 2,000 Meridian Bioscience, Inc. COM 589584101 $2,943 122,080 SHSOLE 2,030 120,050 Valeant Pharmaceuticals InternatCOM 91911K102 $28,578 550,000 SHSOLE 550,000 Westinghouse Air Brake TechnologCOM 929740108 $7,897 120,165 SHSOLE 165 120,000 Walgreen Co. COM 931422109 $66,620 1,569,000 SHSOLE 10,500 1,558,500 Waste Connections, Inc. COM 941053100 $557 17,550 SHSOLE 1,350 16,200 Waddell & Reed Financial, Inc. CL A 930059100 $3,288 90,455 SHSOLE 5,955 84,500 Wendy's/Arby's Group, Inc. COM 950587105 $2,223 438,450 SHSOLE 3,450 435,000 Weyco Group, Inc. COM 962149100 $12 500 SHSOLE 500 0 Wachovia Corporation 7.50% Non-CPERP PFD CNV A 949746804 $1,060 1,000 SHSOLE 1,000 Whiting Petroleum Corporation COM 966387102 $3,418 60,060 SHSOLE 60 60,000 Waste Management, Inc. COM 94106L109 $3,749 100,600 SHSOLE 6,300 94,300 WMS Industries Inc. COM 929297109 $2,776 90,375 SHSOLE 375 90,000 VCA Antech, Inc. COM 918194101 $10,664 503,025 SHSOLE 13,725 489,300 W.P. Carey & Co. LLC COM 92930Y107 $4,605 113,800 SHSOLE 113,800 W.R. Berkley Corporation COM 084423102 $15,597 480,800 SHSOLE 7,800 473,000 Willis Group Holdings Ltd. SHS G96655108 $10,202 248,165 SHSOLE 10,265 237,900 Woodward Inc. COM 980745103 $22,439 643,695 SHSOLE 643,695 Xilinx, Inc. COM 983919101 $4,751 130,275 SHSOLE 275 130,000 DENTSPLY International Inc. COM 249030107 $9,051 237,680 SHSOLE 10,880 226,800 Yum! Brands, Inc. COM 988498101 $6,638 120,165 SHSOLE 165 120,000 Zebra Technologies Corp. CL A 989207105 $6,905 163,750 SHSOLE 163,750 Zumiez Inc. COM 989817101 $2,639 105,700 SHSOLE 700 105,000 $2,604,891

Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ---------- Form 13F Information Table Entry Total: 271 ---------- Form 13F Information Table Value Total: $2,604,891 ---------- (thousands) List of Other Included Managers: NONE 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: NONE