0001140361-11-051840.txt : 20111104 0001140361-11-051840.hdr.sgml : 20111104 20111104144622 ACCESSION NUMBER: 0001140361-11-051840 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111104 DATE AS OF CHANGE: 20111104 EFFECTIVENESS DATE: 20111104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC CENTRAL INDEX KEY: 0001021223 IRS NUMBER: 954575414 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05792 FILM NUMBER: 111180710 BUSINESS ADDRESS: STREET 1: 1800 AVE OF THE STAR 2ND FL CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3105562721 MAIL ADDRESS: STREET 1: 1800 AVENUE OF THE STARS 2ND FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: KAYNE ANDERSON INVESTMENT MANAGEMENT LLC DATE OF NAME CHANGE: 19990326 FORMER COMPANY: FORMER CONFORMED NAME: KAIM TRADITIONAL L L C DATE OF NAME CHANGE: 19980223 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9/30/2011 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: Kayne Anderson Rudnick Investment Management, LLC Address: 1800 Avenue of the Stars Second Floor Los Angeles, CA 90067 Form 13F File Number: 028-05792 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Judith Ridder Title: Chief Compliance Officer Phone: 310-712-2909 Signature, Place, and Date of Signing: /s/ Judith Ridder Los Angeles, CA 11/2/2011 --------------------------------- --------------------------------- ---------- [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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 284 Form 13F Information Table Value Total: $ 3,483,046 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 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

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- AAON INC COM PAR $0.004 COMMON STOCKS 000360206 5,025 319,023 SH SOLE 319,023 0 0 ABB LIMITED SPONSORED ADR COMMON STOCKS 000375204 5,882 344,358 SH SOLE 344,358 0 0 ABM INDUSTRIES INC COMMON STOCKS 000957100 20,033 1,051,038 SH SOLE 1,051,038 0 0 AFLAC INC COMMON STOCKS 001055102 2,055 58,795 SH SOLE 58,795 0 0 AGL RESOURCES INC COMMON STOCKS 001204106 7,464 183,220 SH SOLE 183,220 0 0 AARONS INC CL A COMMON STOCKS 002535300 5,203 206,067 SH SOLE 206,067 0 0 ABAXIS INC COMMON STOCKS 002567105 42,301 1,846,386 SH SOLE 1,846,386 0 0 ABBOTT LABS COMMON STOCKS 002824100 449 8,788 SH SOLE 8,788 0 0 ADOBE SYS INC COMMON STOCKS 00724F101 1,077 44,553 SH SOLE 44,553 0 0 ADVISORY BOARD CO COMMON STOCKS 00762W107 40,833 632,768 SH SOLE 632,768 0 0 AGRIUM INC COMMON STOCKS 008916108 6,664 99,974 SH SOLE 99,974 0 0 ALEXION PHARMACEUTICALS INC COMMON STOCKS 015351109 9,269 144,686 SH SOLE 144,686 0 0 ALLERGAN INC COMMON STOCKS 018490102 8,939 108,507 SH SOLE 108,507 0 0 ALTERA CORP COMMON STOCKS 021441100 5,904 187,257 SH SOLE 187,257 0 0 AMERICAN EXPRESS CO COMMON STOCKS 025816109 5,357 119,307 SH SOLE 119,307 0 0 AMPHENOL CORP NEW CL A COMMON STOCKS 032095101 3,517 86,267 SH SOLE 86,267 0 0 ANSYS INC COMMON STOCKS 03662Q105 77,824 1,586,950 SH SOLE 1,586,950 0 0 APACHE CORP COMMON STOCKS 037411105 7,885 98,274 SH SOLE 98,274 0 0 APPLE INC COMMON STOCKS 037833100 23,420 61,419 SH SOLE 61,419 0 0 APTARGROUP INC COMMON STOCKS 038336103 22,949 513,743 SH SOLE 513,743 0 0 ARES CAPITAL CORPORATION COMMON STOCKS 04010L103 42,981 3,121,335 SH SOLE 3,121,335 0 0 ATMEL CORP COMMON STOCKS 049513104 4,054 502,331 SH SOLE 502,331 0 0 AUTOMATIC DATA PROCESSING COMMON STOCKS 053015103 336 7,131 SH SOLE 7,131 0 0 BP ADR COMMON STOCKS 055622104 399 11,058 SH SOLE 11,058 0 0 BADGER METER INC COMMON STOCKS 056525108 16,847 582,346 SH SOLE 582,346 0 0 BAKER HUGHES INC COMMON STOCKS 057224107 5,456 118,216 SH SOLE 118,216 0 0 BALCHEM CORPORATION COMMON STOCKS 057665200 18,683 500,750 SH SOLE 500,750 0 0 BANK OF NEW YORK MELLON CORPORATION COMMON STOCKS 064058100 3,605 193,925 SH SOLE 193,925 0 0 BARD C R INC COMMON STOCKS 067383109 5,172 59,082 SH SOLE 59,082 0 0 IPATH DJ UBS COMMODITY INDEX TOTAL ETF/ISHARE - 06738C778 2,033 48,697 SH SOLE 48,697 0 0 RET ETN EQUITY BARRICK GOLD CORPORATION COMMON STOCKS 067901108 4,494 96,341 SH SOLE 96,341 0 0 BECTON DICKINSON & CO COMMON STOCKS 075887109 6,414 87,479 SH SOLE 87,479 0 0 BED BATH & BEYOND INC COMMON STOCKS 075896100 14,306 249,625 SH SOLE 249,625 0 0 BERKSHIRE HATHAWAY INC CL A COMMON STOCKS 084670108 320 3 SH SOLE 3 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW COMMON STOCKS 084670702 302 4,250 SH SOLE 4,250 0 0 BIO-REFERENCE LABS INC COM COMMON STOCKS 09057G602 5,742 311,901 SH SOLE 311,901 0 0 BLACKBAUD INC COMMON STOCKS 09227Q100 52,555 2,359,903 SH SOLE 2,359,903 0 0 BRIGHAM EXPLORATION CO COMMON STOCKS 109178103 4,532 179,355 SH SOLE 179,355 0 0 BRITISH AMERICAN TOBACCO PLC COMMON STOCKS 110448107 373 4,403 SH SOLE 4,403 0 0 SPONSORED ADR BRITISH SKY BROADCASTING GRP COMMON STOCKS 111013108 298 7,198 SH SOLE 7,198 0 0 SPONSORED ADR BROADCOM CORP COMMON STOCKS 111320107 8,898 267,294 SH SOLE 267,294 0 0 BROWN & BROWN INC COMMON STOCKS 115236101 56,458 3,171,822 SH SOLE 3,171,822 0 0 BROWN FORMAN CORP CL B COMMON STOCKS 115637209 435 6,201 SH SOLE 6,201 0 0 CB RICHARD ELLIS GROUP INC CL A COMMON STOCKS 12497T101 3,461 257,102 SH SOLE 257,102 0 0 C H ROBINSON WORLDWIDE INC COMMON STOCKS 12541W209 399 5,830 SH SOLE 5,830 0 0 CNOOC LIMITED SPONSORED ADR COMMON STOCKS 126132109 405 2,529 SH SOLE 2,529 0 0 CRH PLC COMMON STOCKS 12626K203 484 31,218 SH SOLE 31,218 0 0 CABOT MICROELECTRONICS CORP COMMON STOCKS 12709P103 34,771 1,011,076 SH SOLE 1,011,076 0 0 CARBO CERAMICS INC COMMON STOCKS 140781105 42,288 412,444 SH SOLE 412,444 0 0 CASS INFORMATION SYSTEMS INC COMMON STOCKS 14808P109 22,651 729,512 SH SOLE 729,512 0 0 CATERPILLAR INC COMMON STOCKS 149123101 7,308 98,975 SH SOLE 98,975 0 0 CELANESE CORP DEL SER A COMMON STOCKS 150870103 4,564 140,307 SH SOLE 140,307 0 0 CELGENE CORP COMMON STOCKS 151020104 11,262 181,902 SH SOLE 181,902 0 0 CHEROKEE INC COMMON STOCKS 16444H102 7,801 607,112 SH SOLE 607,112 0 0 CHEVRON CORPORATION COMMON STOCKS 166764100 264 2,854 SH SOLE 2,854 0 0 CHOICE HOTELS INTERNATIONAL INC COMMON STOCKS 169905106 9,109 306,499 SH SOLE 306,499 0 0 THE CHUBB CORPORATION COMMON STOCKS 171232101 341 5,684 SH SOLE 5,684 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- CHUNGHWA TELECOM COM LTD SPON ADR NEW COMMON STOCKS 17133Q502 492 14,909 SH SOLE 14,909 0 0 CHURCH & DWIGHT CO COMMON STOCKS 171340102 22,522 509,544 SH SOLE 509,544 0 0 CISCO SYSTEMS INC COMMON STOCKS 17275R102 12,255 790,633 SH SOLE 790,633 0 0 CITRIX SYS INC COMMON STOCKS 177376100 8,215 150,653 SH SOLE 150,653 0 0 CLARCOR INC COMMON STOCKS 179895107 53,358 1,289,465 SH SOLE 1,289,465 0 0 COACH INC COMMON STOCKS 189754104 3,858 74,431 SH SOLE 74,431 0 0 COCA-COLA CO COMMON STOCKS 191216100 4,897 72,490 SH SOLE 72,490 0 0 COCA COLA ENTERPRISES INC COM COMMON STOCKS 19122T109 6,807 273,598 SH SOLE 273,598 0 0 COHEN & STEERS INC COMMON STOCKS 19247A100 67,282 2,340,252 SH SOLE 2,340,252 0 0 COLGATE-PALMOLIVE COMPANY COMMON STOCKS 194162103 8,172 92,157 SH SOLE 92,157 0 0 COMPUTER PROGRAMS AND SYSTEMS INC COMMON STOCKS 205306103 46,229 698,853 SH SOLE 698,853 0 0 CONOCOPHILLIPS COMMON STOCKS 20825C104 201 3,167 SH SOLE 3,167 0 0 COPART INC COMMON STOCKS 217204106 83,632 2,137,825 SH SOLE 2,137,825 0 0 CORPORATE EXECUTIVE BOARD CO COMMON STOCKS 21988R102 15,919 534,197 SH SOLE 534,197 0 0 COSTCO WHOLESALE CORP COMMON STOCKS 22160K105 2,820 34,340 SH SOLE 34,340 0 0 DEERE & CO COMMON STOCKS 244199105 2,915 45,152 SH SOLE 45,152 0 0 DENTSPLY INTERNATIONAL INC COMMON STOCKS 249030107 1,283 41,799 SH SOLE 41,799 0 0 DIAGEO PLC SPONSORED ADR COMMON STOCKS 25243Q205 3,986 52,490 SH SOLE 52,490 0 0 DOLBY LABORATORIES INC CL A COMMON STOCKS 25659T107 4,013 146,260 SH SOLE 146,260 0 0 DONALDSON INC COMMON STOCKS 257651109 11,491 209,694 SH SOLE 209,694 0 0 DOVER CORP COMMON STOCKS 260003108 233 5,000 SH SOLE 5,000 0 0 DRESSER-RAND GROUP INC COMMON STOCKS 261608103 13,290 327,897 SH SOLE 327,897 0 0 EMC CORPORATION COMMON STOCKS 268648102 9,701 462,155 SH SOLE 462,155 0 0 EQT CORPORATION COMMON STOCKS 26884L109 1,518 28,444 SH SOLE 28,444 0 0 EATON VANCE CORP COMMON STOCKS 278265103 6,536 293,482 SH SOLE 293,482 0 0 EBAY INC COMMON STOCKS 278642103 9,737 330,188 SH SOLE 330,188 0 0 EMERSON ELEC CO COMMON STOCKS 291011104 8,616 208,564 SH SOLE 208,564 0 0 ENSCO INTERNATIONAL SPONS ADR COMMON STOCKS 29358Q109 7,340 181,537 SH SOLE 181,537 0 0 ENTERTAINMENT PROPERTIES TRUST COMMON STOCKS 29380T105 23,749 609,265 SH SOLE 609,265 0 0 EQUIFAX INC COMMON STOCKS 294429105 1,411 45,902 SH SOLE 45,902 0 0 EXPEDITORS INTERNATIONAL OF COMMON STOCKS 302130109 512 12,618 SH SOLE 12,618 0 0 WASHINGTON INC EXPONENT INC COMMON STOCKS 30214U102 46,818 1,132,776 SH SOLE 1,132,776 0 0 EXPRESS SCRIPTS INC COMMON STOCKS 302182100 6,871 185,352 SH SOLE 185,352 0 0 EXXON MOBIL CORPORATION COMMON STOCKS 30231G102 13,868 190,936 SH SOLE 190,936 0 0 FLIR SYSTEMS INC COMMON STOCKS 302445101 6,274 250,465 SH SOLE 250,465 0 0 FMC CORP COMMON STOCKS 302491303 5,519 79,799 SH SOLE 79,799 0 0 FACTSET RESEARCH SYSTEMS INC COMMON STOCKS 303075105 43,131 484,783 SH SOLE 484,783 0 0 FEDERATED INVESTORS INC CL B COMMON STOCKS 314211103 86,810 4,952,110 SH SOLE 4,952,110 0 0 FEDEX CORP COMMON STOCKS 31428X106 6,767 99,979 SH SOLE 99,979 0 0 FINANCIAL ENGINES INC COM COMMON STOCKS 317485100 6,790 374,917 SH SOLE 374,917 0 0 FIRST CASH FINL SVCS INC COM COMMON STOCKS 31942D107 46,346 1,104,789 SH SOLE 1,104,789 0 0 FOSTERS BREWING GROUP LTD SPONSORED COMMON STOCKS 350258307 1,105 215,289 SH SOLE 215,289 0 0 ADR FRANKLIN RESOURCES INC COMMON STOCKS 354613101 3,999 41,808 SH SOLE 41,808 0 0 FREEPORT MCMORAN COPPER & GOLD CL B COMMON STOCKS 35671D857 3,754 123,278 SH SOLE 123,278 0 0 GENERAL DYNAMICS CORP COMMON STOCKS 369550108 5,032 88,454 SH SOLE 88,454 0 0 GENERAL ELECTRIC COMPANY COMMON STOCKS 369604103 566 37,219 SH SOLE 37,219 0 0 GENUINE PARTS CO COMMON STOCKS 372460105 3,430 67,512 SH SOLE 67,512 0 0 GLAXOSMITHKLINE ADR COMMON STOCKS 37733W105 560 13,572 SH SOLE 13,572 0 0 GOLDMAN SACHS GROUP INC COMMON STOCKS 38141G104 4,888 51,701 SH SOLE 51,701 0 0 GOLUB CAP BDC INC COM COMMON STOCKS 38173M102 9,606 646,855 SH SOLE 646,855 0 0 GOOGLE INC CL A COMMON STOCKS 38259P508 13,253 25,732 SH SOLE 25,732 0 0 GRACO INC COMMON STOCKS 384109104 36,425 1,066,939 SH SOLE 1,066,939 0 0 HAEMONETICS CORP COMMON STOCKS 405024100 35,616 609,034 SH SOLE 609,034 0 0 HALLIBURTON CO COMMON STOCKS 406216101 5,564 182,320 SH SOLE 182,320 0 0 HANG SENG BK LTD ADR SPONSORED COMMON STOCKS 41043C304 624 52,916 SH SOLE 52,916 0 0 HEARTLAND EXPRESS INC COMMON STOCKS 422347104 4,969 366,477 SH SOLE 366,477 0 0 HEICO CORPORATION CL A COMMON STOCKS 422806208 10,455 310,602 SH SOLE 310,602 0 0 HEINZ H J COMPANY COMMON STOCKS 423074103 4,959 98,234 SH SOLE 98,234 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- JACK HENRY & ASSOCIATES INC COMMON STOCKS 426281101 112,410 3,878,884 SH SOLE 3,878,884 0 0 HERSHEY FOODS CORP COMMON STOCKS 427866108 332 5,600 SH SOLE 5,600 0 0 HIBBETT SPORTS INC COM COMMON STOCKS 428567101 5,848 172,521 SH SOLE 172,521 0 0 HILLENBRAND INC COMMON STOCKS 431571108 44,853 2,437,644 SH SOLE 2,437,644 0 0 HITTITE MICROWAVE CORP COMMON STOCKS 43365Y104 63,049 1,294,634 SH SOLE 1,294,634 0 0 ILLINOIS TOOL WORKS INC COMMON STOCKS 452308109 3,795 91,215 SH SOLE 91,215 0 0 INTERNATIONAL BUSINESS MACHINES CO COMMON STOCKS 459200101 11,275 64,479 SH SOLE 64,479 0 0 INTUIT INC COMMON STOCKS 461202103 8,758 184,607 SH SOLE 184,607 0 0 INTUITIVE SURGICAL INC COMMON STOCKS 46120E602 6,266 17,202 SH SOLE 17,202 0 0 ISHARES MSCI BRIC INDEX FUND ETF/ISHARE - 464286657 422 12,457 SH SOLE 12,457 0 0 EQUITY ISHARES MSCI SINGAPORE INDEX FUND ETF/ISHARE - 464286673 985 89,543 SH SOLE 89,543 0 0 EQUITY ISHARES MSCI TAIWAN INDEX FUND ETF/ISHARE - 464286731 608 51,474 SH SOLE 51,474 0 0 EQUITY ISHARES MSCI MALAYSIA INDEX FUND ETF/ISHARE - 464286830 1,294 106,176 SH SOLE 106,176 0 0 EQUITY ISHARES BARCLAYS US TREAS INFLA PROT ETF/ISHARE - 464287176 1,510 13,209 SH SOLE 13,209 0 0 SEC FD FIXED ISHARES FTSE/XINHUA CHINA 25 INDEX ETF/ISHARE - 464287184 882 28,593 SH SOLE 28,593 0 0 FUND EQUITY ISHARES S&P 500 INDEX FUND ETF/ISHARE - 464287200 2,390 21,023 SH SOLE 21,023 0 0 EQUITY ISHARES BARCLAYS AGGREGATE BOND FUND ETF/ISHARE - 464287226 432 3,924 SH SOLE 3,924 0 0 FIXED ISHARES MSCI EMERGING MARKETS INDEX ETF/ISHARE - 464287234 5,781 164,734 SH SOLE 164,734 0 0 FUND EQUITY ISHARES IBOXX INVESTMENT GRADE ETF/ISHARE - 464287242 950 8,462 SH SOLE 8,462 0 0 CORPORATE BD FIXED ISHARES MSCI EAFE INDEX FUND ETF/ISHARE - 464287465 2,608 54,593 SH SOLE 54,593 0 0 EQUITY ISHARES RUSSELL MIDCAP VALUE INDEX ETF/ISHARE - 464287473 216 5,610 SH SOLE 5,610 0 0 FUND EQUITY ISHARES RUSSELL MIDCAP INDEX FUND ETF/ISHARE - 464287499 3,767 42,687 SH SOLE 42,687 0 0 EQUITY ISHARES NASDAQ BIOTECHNOLOGY INDEX ETF/ISHARE - 464287556 407 4,360 SH SOLE 4,360 0 0 FUND EQUITY ISHARES COHEN & STEERS REALTY MAJ ETF/ISHARE - 464287564 1,744 28,418 SH SOLE 28,418 0 0 INDEX FD EQUITY ISHARES RUSSELL 1000 VALUE INDEX FUND ETF/ISHARE - 464287598 1,611 28,463 SH SOLE 28,463 0 0 EQUITY ISHARES RUSSELL 1000 GROWTH INDEX ETF/ISHARE - 464287614 4,391 83,510 SH SOLE 83,510 0 0 FUND EQUITY ISHARES RUSSELL 1000 INDEX FUND ETF/ISHARE - 464287622 2,215 35,425 SH SOLE 35,425 0 0 EQUITY ISHARES RUSSELL 2000 INDEX FUND ETF/ISHARE - 464287655 1,253 19,489 SH SOLE 19,489 0 0 EQUITY ISHARES RUSSELL 3000 INDEX FUND ETF/ISHARE - 464287689 618 9,263 SH SOLE 9,263 0 0 EQUITY ISHARES DJ US HEALTHCARE SEC INDEX FD ETF/ISHARE - 464287762 673 10,305 SH SOLE 10,305 0 0 EQUITY ISHARES AGENCY BOND FUND ETF/ISHARE - 464288166 313 2,775 SH SOLE 2,775 0 0 FIXED ISHARES S&P CALIFORNIA MUNICIPAL ETF/ISHARE - 464288356 2,578 23,535 SH SOLE 23,535 0 0 BOND FUND FIXED ISHARES S&P NATL AMT-FREE MUNI BOND ETF/ISHARE - 464288414 842 7,897 SH SOLE 7,897 0 0 FUND FIXED ISHARES IBOXX HIGH YLD CORPORATE ETF/ISHARE - 464288513 770 9,300 SH SOLE 9,300 0 0 BOND FD FIXED ISHARES BARCLAYS INTERMEDIATE GOV ETF/ISHARE - 464288612 1,054 9,481 SH SOLE 9,481 0 0 CREDIT BD FIXED

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- ISHARES BARCLAYS 1-3YR CREDIT BOND ETF/ISHARE - 464288646 2,730 26,259 SH SOLE 26,259 0 0 FUND FIXED ISHARES S&P GLOBAL UTILITIES ETF/ISHARE - 464288711 1,749 42,255 SH SOLE 42,255 0 0 EQUITY JPMORGAN CHASE & CO COMMON STOCKS 46625H100 12,173 404,155 SH SOLE 404,155 0 0 JPMORGAN ALERIAN MLP INDEX ETN ETF/ISHARE - 46625H365 2,045 60,072 SH SOLE 60,072 0 0 EQUITY JOHNSON & JOHNSON COMMON STOCKS 478160104 12,608 197,960 SH SOLE 197,960 0 0 JOY GLOBAL INC COMMON STOCKS 481165108 5,260 84,326 SH SOLE 84,326 0 0 KLA-TENCOR CORP COMMON STOCKS 482480100 7,855 205,202 SH SOLE 205,202 0 0 KAYNE ANDERSON MLP INVT CO - KYN ETF/ISHARE - 486606106 19,242 691,650 SH SOLE 691,650 0 0 EQUITY KAYNE ANDERSON ENERGY TOT RET FD - ETF/ISHARE - 48660P104 3,565 147,361 SH SOLE 147,361 0 0 KYE EQUITY KAYNE ANDERSON ENERGY DEV CO - KED ETF/ISHARE - 48660Q102 2,332 119,721 SH SOLE 119,721 0 0 EQUITY KAYNE ANDERSON MDSTM ENERGY COM ETF/ISHARE - 48661E108 372 17,340 SH SOLE 17,340 0 0 EQUITY KIMBERLY CLARK CORPORATION COMMON STOCKS 494368103 6,192 87,205 SH SOLE 87,205 0 0 LABORATORY CORP OF AMERICA HOLDINGS COMMON STOCKS 50540R409 4,764 60,265 SH SOLE 60,265 0 0 LANDAUER INC COMMON STOCKS 51476K103 11,081 223,676 SH SOLE 223,676 0 0 LANDSTAR SYSTEM INC COMMON STOCKS 515098101 97,726 2,470,331 SH SOLE 2,470,331 0 0 LINCOLN ELECTRIC HOLDINGS INC COMMON STOCKS 533900106 69,820 2,406,740 SH SOLE 2,406,740 0 0 LOWES COMPANIES INC COMMON STOCKS 548661107 7,999 413,599 SH SOLE 413,599 0 0 MSC INDUSTRIAL DIRECT CO INC - A COMMON STOCKS 553530106 14,791 261,978 SH SOLE 261,978 0 0 MAKITA CORP ADR COMMON STOCKS 560877300 920 25,833 SH SOLE 25,833 0 0 MATTEL INC COMMON STOCKS 577081102 5,135 198,324 SH SOLE 198,324 0 0 MCCORMICK & COMPANY COMMON STOCKS 579780206 9,157 198,375 SH SOLE 198,375 0 0 MCDERMOTT INTERNATIONAL INC COMMON STOCKS 580037109 4,345 403,841 SH SOLE 403,841 0 0 MCDONALDS CORP COMMON STOCKS 580135101 6,881 78,356 SH SOLE 78,356 0 0 MERCK & COMPANY COMMON STOCKS 58933Y105 316 9,649 SH SOLE 9,649 0 0 MERIDIAN BIOSCIENCE INC COMMON STOCKS 589584101 2,797 177,700 SH SOLE 177,700 0 0 MESA LABS INC COM COMMON STOCKS 59064R109 697 19,719 SH SOLE 19,719 0 0 METLIFE INC COMMON STOCKS 59156R108 6,399 228,454 SH SOLE 228,454 0 0 MICROSOFT CORP COMMON STOCKS 594918104 24,945 1,002,194 SH SOLE 1,002,194 0 0 MICROCHIP TECHNOLOGY INC COMMON STOCKS 595017104 15,216 489,095 SH SOLE 489,095 0 0 MITSUBISHI ELEC CORP ADR COMMON STOCKS 606776201 695 38,540 SH SOLE 38,540 0 0 MONSANTO CO COMMON STOCKS 61166W101 8,797 146,511 SH SOLE 146,511 0 0 MORNINGSTAR INC COMMON STOCKS 617700109 6,072 107,588 SH SOLE 107,588 0 0 NVE CORP COM NEW COMMON STOCKS 629445206 5,898 97,227 SH SOLE 97,227 0 0 NVR INC COMMON STOCKS 62944T105 2,055 3,402 SH SOLE 3,402 0 0 NATIONAL BEVERAGE CORP COM COMMON STOCKS 635017106 6,996 461,500 SH SOLE 461,500 0 0 NATIONAL GRID PLC SPON ADR COMMON STOCKS 636274300 356 7,181 SH SOLE 7,181 0 0 NATIONAL INSTRUMENTS CORPORATION COMMON STOCKS 636518102 11,129 486,839 SH SOLE 486,839 0 0 NATIONAL-OILWELL VARCO INC COMMON STOCKS 637071101 11,139 217,471 SH SOLE 217,471 0 0 NATIONAL RESEARCH CORP COMMON STOCKS 637372103 9,343 281,937 SH SOLE 281,937 0 0 NIKE INC CL B COMMON STOCKS 654106103 4,296 50,234 SH SOLE 50,234 0 0 NOBLE ENERGY INC COMMON STOCKS 655044105 5,874 82,963 SH SOLE 82,963 0 0 NORFOLK SOUTHERN CORP COMMON STOCKS 655844108 7,926 129,888 SH SOLE 129,888 0 0 NOVARTIS AG ADR COMMON STOCKS 66987V109 1,183 21,215 SH SOLE 21,215 0 0 OMNICOM GROUP COMMON STOCKS 681919106 7,533 204,491 SH SOLE 204,491 0 0 OMEGA FLEX INC COMMON STOCKS 682095104 2,208 166,027 SH SOLE 166,027 0 0 ORACLE CORP COMMON STOCKS 68389X105 17,386 604,958 SH SOLE 604,958 0 0 OWENS & MINOR INC COMMON STOCKS 690732102 97,379 3,419,218 SH SOLE 3,419,218 0 0 OWENS CORNING NEW COMMON STOCKS 690742101 2,258 104,136 SH SOLE 104,136 0 0 PNC FINANCIAL CORP COMMON STOCKS 693475105 6,136 127,327 SH SOLE 127,327 0 0 PPG INDUSTRIES INC COMMON STOCKS 693506107 3,977 56,288 SH SOLE 56,288 0 0 PVH CORPORATION COMMON STOCKS 693656100 6,514 111,848 SH SOLE 111,848 0 0 PEPSICO INC COMMON STOCKS 713448108 5,640 91,120 SH SOLE 91,120 0 0 PHILIP MORRIS INTERNATIONAL INC COMMON STOCKS 718172109 8,853 141,923 SH SOLE 141,923 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- PIONEER NAT RES CO COM COMMON STOCKS 723787107 5,646 85,845 SH SOLE 85,845 0 0 PLAINS ALL AMER PIPELINE L UNIT L P COMMON STOCKS 726503105 222 3,769 SH SOLE 3,769 0 0 INT POOL CORP COMMON STOCKS 73278L105 68,544 2,618,185 SH SOLE 2,618,185 0 0 PRAXAIR INC COMMON STOCKS 74005P104 4,291 45,905 SH SOLE 45,905 0 0 T ROWE PRICE GROUP INC COMMON STOCKS 74144T108 1,477 30,924 SH SOLE 30,924 0 0 PRICESMART INC COM COMMON STOCKS 741511109 16,791 269,437 SH SOLE 269,437 0 0 PROCTER & GAMBLE COMPANY COMMON STOCKS 742718109 5,871 92,928 SH SOLE 92,928 0 0 QUALCOMM INC COMMON STOCKS 747525103 12,060 247,993 SH SOLE 247,993 0 0 QUALITY SYSTEMS INC COMMON STOCKS 747582104 4,672 48,161 SH SOLE 48,161 0 0 QUESTAR CORP COM COMMON STOCKS 748356102 1,577 89,036 SH SOLE 89,036 0 0 RLI CORP COMMON STOCKS 749607107 84,594 1,330,512 SH SOLE 1,330,512 0 0 RBC BEARINGS INC COMMON STOCKS 75524B104 30,803 906,233 SH SOLE 906,233 0 0 REALTY INCOME CORP COMMON STOCKS 756109104 724 22,449 SH SOLE 22,449 0 0 REED ELSEVIER N V SPONS ADR COMMON STOCKS 758204200 697 31,953 SH SOLE 31,953 0 0 RIO TINTO PLC SPONSORED ADR COMMON STOCKS 767204100 413 9,359 SH SOLE 9,359 0 0 ROCKWELL COLLINS INC COMMON STOCKS 774341101 4,162 78,894 SH SOLE 78,894 0 0 ROLLINS INC COMMON STOCKS 775711104 22,203 1,186,704 SH SOLE 1,186,704 0 0 ROSS STORES INC COMMON STOCKS 778296103 14,540 184,777 SH SOLE 184,777 0 0 ROWAN COS INC COMMON STOCKS 779382100 5,791 191,813 SH SOLE 191,813 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR B COMMON STOCKS 780259107 574 9,247 SH SOLE 9,247 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR A COMMON STOCKS 780259206 1,112 18,080 SH SOLE 18,080 0 0 SM ENERGY COMPANY COMMON STOCKS 78454L100 7,896 130,185 SH SOLE 130,185 0 0 SPDR S&P DEPOSITARY RECEIPT ETF/ISHARE - 78462F103 1,398 12,355 SH SOLE 12,355 0 0 EQUITY SPDR GOLD TRUST ETF/ISHARE - 78463V107 7,628 48,260 SH SOLE 48,260 0 0 EQUITY SPDR SERIES TRUST S&P HOMEBUILDERS ETF/ISHARE - 78464A888 6,530 491,313 SH SOLE 491,313 0 0 EQUITY SANOFI-AVENTIS SPON ADR COMMON STOCKS 80105N105 857 26,114 SH SOLE 26,114 0 0 SAP AG SPONSORED ADR COMMON STOCKS 803054204 6,778 133,893 SH SOLE 133,893 0 0 SCANSOURCE INC COMMON STOCKS 806037107 9,616 325,308 SH SOLE 325,308 0 0 SCHLUMBERGER LIMITED COMMON STOCKS 806857108 6,542 109,527 SH SOLE 109,527 0 0 THE CHARLES SCHWAB CORPORATION COMMON STOCKS 808513105 3,245 287,951 SH SOLE 287,951 0 0 CONSUMER DISC SELECT SECTOR SPDR FUND ETF/ISHARE - 81369Y407 9,487 272,150 SH SOLE 272,150 0 0 EQUITY SIGMA ALDRICH CORP COMMON STOCKS 826552101 6,283 101,676 SH SOLE 101,676 0 0 SILGAN HOLLDINGS INC COMMON STOCKS 827048109 7,402 201,477 SH SOLE 201,477 0 0 SIRONA DENTAL SYSTEMS INC COM COMMON STOCKS 82966C103 23,848 562,319 SH SOLE 562,319 0 0 SMUCKER J M CO NEW COMMON STOCKS 832696405 5,319 72,968 SH SOLE 72,968 0 0 STATE STREET CORP COMMON STOCKS 857477103 300 9,320 SH SOLE 9,320 0 0 STERICYCLE INC COMMON STOCKS 858912108 5,279 65,398 SH SOLE 65,398 0 0 STRYKER CORP COMMON STOCKS 863667101 6,176 131,051 SH SOLE 131,051 0 0 SUFFOLK BANCORP COMMON STOCKS 864739107 3,074 369,531 SH SOLE 369,531 0 0 SUPERIOR ENERGY SVCS INC COM COMMON STOCKS 868157108 4,875 185,800 SH SOLE 185,800 0 0 SYMANTEC CORP COMMON STOCKS 871503108 8,410 515,943 SH SOLE 515,943 0 0 SYNGENTA AG ADR COMMON STOCKS 87160A100 212 4,092 SH SOLE 4,092 0 0 SYNTEL INC COMMON STOCKS 87162H103 40,357 934,412 SH SOLE 934,412 0 0 SYSCO CORP COMMON STOCKS 871829107 914 35,273 SH SOLE 35,273 0 0 THE TJX COMPANIES INC COMMON STOCKS 872540109 6,217 112,081 SH SOLE 112,081 0 0 TECHNE CORP COMMON STOCKS 878377100 77,058 1,133,041 SH SOLE 1,133,041 0 0 TELEFONICA ADR COMMON STOCKS 879382208 912 47,678 SH SOLE 47,678 0 0 TEMPUR-PEDIC INTERNATIONAL INC COMMON STOCKS 88023U101 105,066 1,997,066 SH SOLE 1,997,066 0 0 TERADATA CORP COMMON STOCKS 88076W103 9,171 171,319 SH SOLE 171,319 0 0 TEVA PHARMACEUTICAL INDS ADR COMMON STOCKS 881624209 7,323 196,750 SH SOLE 196,750 0 0 3M COMPANY COMMON STOCKS 88579Y101 9,954 138,656 SH SOLE 138,656 0 0 TOTAL SA SPONSORED ADR COMMON STOCKS 89151E109 1,231 28,059 SH SOLE 28,059 0 0 THE TRAVELERS COMPANIES INC COMMON STOCKS 89417E109 6,028 123,709 SH SOLE 123,709 0 0 TREASURY WINE ESTATES LTD SPON ADR COMMON STOCKS 89465J109 271 71,927 SH SOLE 71,927 0 0 UNILEVER N V ADR COMMON STOCKS 904784709 916 29,095 SH SOLE 29,095 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- UNION PACIFIC CORPORATION COMMON STOCKS 907818108 8,578 105,034 SH SOLE 105,034 0 0 UNITED TECHNOLOGIES CORP COMMON STOCKS 913017109 7,482 106,339 SH SOLE 106,339 0 0 VCA ANTECH INC COMMON STOCKS 918194101 8,028 502,393 SH SOLE 502,393 0 0 VF CORPORATION COMMON STOCKS 918204108 4,348 35,778 SH SOLE 35,778 0 0 VANGUARD EMERGING MARKETS ETF ETF/ISHARE - 922042858 6,646 185,476 SH SOLE 185,476 0 0 EQUITY VERSUS TECHNOLOGY INC COMMON STOCKS 925313108 3 100,000 SH SOLE 100,000 0 0 VISA INC CL A COMMON STOCKS 92826C839 6,203 72,362 SH SOLE 72,362 0 0 VMWARE INC CL A COM COMMON STOCKS 928563402 6,549 81,472 SH SOLE 81,472 0 0 VODAFONE GROUP INC COMMON STOCKS 92857W209 732 28,530 SH SOLE 28,530 0 0 WD-40 COMPANY COMMON STOCKS 929236107 50,910 1,277,857 SH SOLE 1,277,857 0 0 WAL MART STORES INC COMMON STOCKS 931142103 1,098 21,156 SH SOLE 21,156 0 0 WALGREEN COMPANY COMMON STOCKS 931422109 616 18,739 SH SOLE 18,739 0 0 WATERS CORP COMMON STOCKS 941848103 4,091 54,198 SH SOLE 54,198 0 0 WELLS FARGO & CO COMMON STOCKS 949746101 12,684 525,863 SH SOLE 525,863 0 0 WESTERN UNION COMPANY COMMON STOCKS 959802109 4,426 289,479 SH SOLE 289,479 0 0 WHOLE FOODS MARKET INC COMMON STOCKS 966837106 7,991 122,354 SH SOLE 122,354 0 0 JOHN WILEY & SONS COMMON STOCKS 968223206 66,945 1,507,089 SH SOLE 1,507,089 0 0 WILLIAMS SONOMA INC COMMON STOCKS 969904101 8,296 269,437 SH SOLE 269,437 0 0 WORLD FUEL SERVICES CORPORATION COMMON STOCKS 981475106 64,151 1,964,805 SH SOLE 1,964,805 0 0 XILINX INC COMMON STOCKS 983919101 1,225 44,653 SH SOLE 44,653 0 0 YOUNG INNOVATIONS INC COMMON STOCKS 987520103 14,206 498,461 SH SOLE 498,461 0 0 YUM BRANDS INC COMMON STOCKS 988498101 5,425 109,833 SH SOLE 109,833 0 0 ACCENTURE PLC CL A COMMON STOCKS G1151C101 4,879 92,622 SH SOLE 92,622 0 0 BUNGE LIMITED COMMON STOCKS G16962105 5,927 101,689 SH SOLE 101,689 0 0 HERBALIFE LTD COMMON STOCKS G4412G101 6,732 125,590 SH SOLE 125,590 0 0 STEINER LEISURE LIMITED COMMON STOCKS P8744Y102 37,043 908,590 SH SOLE 908,590 0 0