0001134007-12-000010.txt : 20120214 0001134007-12-000010.hdr.sgml : 20120214 20120214160930 ACCESSION NUMBER: 0001134007-12-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEXT CENTURY GROWTH INVESTORS LLC CENTRAL INDEX KEY: 0001134007 IRS NUMBER: 411923871 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06277 FILM NUMBER: 12609800 BUSINESS ADDRESS: STREET 1: 5500 WAYZATA BLVD STREET 2: SUITE 1275 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 7635914490 MAIL ADDRESS: STREET 1: 5500 WAYZATA BLVD STREET 2: SUITE 1275 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 13F-HR 1 r04q11.txt NCG 4Q11 FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter ended: December 31, 2011 Check here if Amendment [ ]; Amendment Number: 0 This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Next Century Growth Investors, LLC Address: 5500 Wayzata Blvd. Suite 1275 Minneapolis, MN 55416 13F File Number: 28-06277 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: Gina Nelson Title: Operations Manager Phone: 763-591-4490 Signature, Place and Date of Signing /s/Gina Nelson Minneapolis, Minnesota February 14, 2012 Report Type (Check only one): [x] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of other Managers Reporting for this Manager: Frank Russell Company: filer number 028-01190 FORM 13F SUMMARY PAGE Report Summary Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 158 Form 13F Information Table Value Total: 2,278,263 List of Other Included Managers: None

FORM 13F INFORMATION TABLE Value Shares/ Sh/ Put/ InvestmtOther Voting Authority Name of Issuer Title ofCUSIP (x$1000) Prn Amt Prn Call Dscretn ManagersSole Shared None Abiomed Inc COM 003654100 3025 163785SH Sole 65637 0 98148 Abraxas Petroleum Corp COM 003830106 4413 1337318SH Sole 535396 0 801922 Acacia Research - Acacia Tec COM 003881307 36555 1001222SH Sole 502982 0 498240 Advisory Board Co (The) COM 00762W107 5267 70977SH Sole 70977 0 0 Akorn Inc COM 009728106 25963 2334758SH Sole 1096709 0 1238049 Alexion Pharmaceuticals, Inc. COM 015351109 3021 42257SH Sole 35893 0 6364 Allergan, Inc. COM 018490102 8552 97475SH Sole 82786 0 14689 Amazon.Com COM 023135106 7867 45445SH Sole 39292 0 6153 Amerigon Inc COM 03070L300 8927 626042SH Sole 250526 0 375516 Ansys Inc COM 03662Q105 4383 76520SH Sole 76520 0 0 Apple Computer Inc COM 037833100 9616 23742SH Sole 20531 0 3211 Ariba Inc COM 04033V203 30412 1083044SH Sole 597482 0 485562 Aruba Networks COM 043176106 2476 133707SH Sole 133707 0 0 Astronics Corp COM 046433108 10629296827.2SH Sole 119085 0177742.2 AthenaHealth Inc COM 04685W103 27051 550718SH Sole 276676 0 274042 BJ's Restaurant, Inc. COM 09180C106 47394 1045753SH Sole 561557 0 484196 Baidu Inc - Spon ADR COM 056752108 5372 46121SH Sole 39877 0 6244 Bankrate Inc COM 06647F102 5124 238346SH Sole 238346 0 0 Be Aerospace, Inc. COM 073302101 46173 1192782SH Sole 661000 0 531782 Biolase Technology Inc COM 090911108 0 2.26SH Sole 1.93 0 0.33 Body Central Corp COM 09689U102 9228 369704SH Sole 148013 0 221691 Boeing Co COM 097023105 6331 86313SH Sole 74633 0 11680 Borgwarner, Inc. COM 099724106 2258 35420SH Sole 35420 0 0 Broadcom Corporation COM 111320107 1884 64173SH Sole 56305 0 7868 Broadsoft Inc COM 11133B409 33536 1110450SH Sole 543187 0 567263 C&J Energy Services COM 12467B304 16504 788521SH Sole 396341 0 392180 Carbo Ceramics Inc COM 140781105 2456 19912SH Sole 19912 0 0 Catalyst Health Solutions, IncCOM 14888B103 38617 742625SH Sole 422415 0 320210 Caterpillar Inc COM 149123101 4386 48413SH Sole 41867 0 6546 Celgene Corporation COM 151020104 3793 56109SH Sole 47657 0 8452 Cepheid Inc COM 15670R107 34924 1014926SH Sole 509739 0 505187 Chart Industries, Inc. COM 16115Q308 52377 968690SH Sole 487205 0 481485 Chicago Brdg + Iron Co N V COM 167250109 5850 154754SH Sole 154754 0 0 Chipotle Mexican Grill, Inc COM 169656105 9611 28458SH Sole 26740 0 1718 Cisco Systems Inc. COM 17275R102 7983 441553SH Sole 381813 0 59740 Citrix Systems Inc. COM 177376100 4425 72876SH Sole 63689 0 9187 Cognizant Tech Solutions COM 192446102 6129 95303SH Sole 82425 0 12878 Commercial Vehicle Group COM 202608105 3502 387421SH Sole 155265 0 232156 Complete Production Services COM 20453E109 2081 62004SH Sole 62004 0 0 Concur Technologies Inc COM 206708109 52809 1039760SH Sole 575120 0 464640 Cornerstone on Demand COM 21925Y103 27396 1501980SH Sole 696150 0 805830 Costco Wholesale Corp COM 22160K105 6066 72802SH Sole 62952 0 9850 Crocs Inc COM 227046109 1618 109563SH Sole 109563 0 0 Cummins, Inc COM 231021106 5200 59076SH Sole 51081 0 7995 DTS Inc COM 23335C101 27625 1014141SH Sole 487506 0 526635 Derma Sciences COM 249827502 2530 333727SH Sole 133579 0 200148 Dynamic Materials Corp COM 267888105 7361 372161SH Sole 149165 0 222996 EMC Communications CorporationCOM 268648102 3653 169570SH Sole 146620 0 22950 Ebay, Inc. COM 278642103 5817 191790SH Sole 165823 0 25967 Ellie Mae Inc COM 28849P100 6275 1110639SH Sole 445264 0 665375 Encore Captial Group COM 292554102 4563 214607SH Sole 86711 0 127896 Endologix Inc COM 29266S106 20995 1828817SH Sole 890058 0 938759 Equinix Inc COM 29444U502 5576 54991SH Sole 54991 0 0 Exlservice Holdings Inc. COM 302081104 8303 371168SH Sole 207439 0 163729 Faro Technologies Inc COM 311642102 16648 361911SH Sole 204178 0 157733 Fastenal Co COM 311900104 7622 174774SH Sole 151130 0 23644 Fedex Corporation COM 31428X106 3399 40698SH Sole 35777 0 4921 Financial Engines Inc COM 317485100 27732 1241915SH Sole 610914 0 631001 Flotek Industries COM 343389102 7715 774635SH Sole 310159 0 464476 Fluor Corp COM 343412102 2014 40079SH Sole 34656 0 5423 Fortinet Inc. COM 34959E109 15391 705672SH Sole 354539 0 351133 Francescas Holdings COM 351793104 19304 1115812SH Sole 560340 0 555472 Fresh Market Inc. COM 35804H106 25466 638258SH Sole 321093 0 317165 Furmanite Corp COM 361086101 2824 447530SH Sole 179351 0 268179 Genesee & Wyoming Inc COM 371559105 3239 53471SH Sole 53471 0 0 Gentex Corp COM 371901109 57777 1952574SH Sole 1060053 0 892521 Georesources COM 372476101 5207 177649SH Sole 71206 0 106443 Google Inc-CL A COM 38259P508 8574 13274SH Sole 11500 0 1774 Graham Corp COM 384556106 7838 349274SH Sole 139991 0 209283 Grand Canyon Education Inc COM 38526M106 27819 1743047SH Sole 849396 0 893651 Greenbrier Companies COM 393657101 3189 131339SH Sole 52642 0 78697 Gulfport Energy Corp COM 402635304 15677 532337SH Sole 267585 0 264752 H&E Equipment Services COM 404030108 20485 1526419SH Sole 765154 0 761265 HMS Holdings Corp COM 40425J101 72290 2260482SH Sole 1247653 0 1012829 Healthstream Inc COM 42222N103 5535 300021SH Sole 120245 0 179776 Heico Corp COM 422806109 4475 76521SH Sole 76521 0 0 Heritage-Crystal Clean Inc COM 42726M106 4770 288045SH Sole 115300 0 172745 Hexcel Corp COM 428291108 25302 1045096SH Sole 525087 0 520009 Hittite Microwave Corp COM 43365Y104 17498 354344SH Sole 203043 0 151301 Home Away COM 43739Q100 2251 96822SH Sole 96822 0 0 Hub Group Inc COM 443320106 1939 59790SH Sole 59790 0 0 Humana Inc COM 444859102 3713 42378SH Sole 35996 0 6382 Hunt (JB) Transport Services COM 445658107 5486 121715SH Sole 121715 0 0 Imperva Inc COM 45321L100 4161 119535SH Sole 47656 0 71879 Insulet Corp COM 45784P101 5830 309607SH Sole 124010 0 185597 Intuitive Surgical Inc. COM 46120E602 2417 5220SH Sole 4435 0 785 Invensense Inc COM 46123D205 4186 420279SH Sole 168315 0 251964 Kansas City Southern COM 485170302 6294 92551SH Sole 92551 0 0 Kenexa Corporation COM 488879107 9417 352685SH Sole 141220 0 211465 LinkedIn Corp A COM 53578A108 1764 27995SH Sole 24210 0 3785 Liveperson, Inc. COM 538146101 6203 494250SH Sole 197883 0 296367 LogMeIn, Inc. COM 54142L109 4096 106252SH Sole 42610 0 63642 Lufkin Industries COM 549764108 18531 275314SH Sole 152217 0 123097 Lululemon Athletica Inc COM 550021109 3196 68487SH Sole 68487 0 0 Magnum Hunter Resources Corp COM 55973B102 3871 718156SH Sole 287315 0 430841 Maxwell Technologies, Inc COM 577767106 5983 368426SH Sole 147548 0 220878 Merge Healthcare COM 589499102 3052 629213SH Sole 252199 0 377014 Mosaic Co COM 61945C103 3104 61557SH Sole 53229 0 8328 NIC Inc COM 62914B100 24292 1825120SH Sole 916936 0 908184 Netsuite COM 64118Q107 58290 1437496SH Sole 781303 0 656193 Nike Class B COM 654106103 6183 64160SH Sole 55479 0 8681 Nokia Corporation COM 654902204 1798 373044SH Sole 326358 0 46686 Northern Oil & Gas COM 665531109 24285 1012733SH Sole 604484 0 408249 NxStage Medical Inc COM 67072V103 47932 2695819SH Sole 1321260 0 1374559 OCZ Technology Group COM 67086E303 5409 818381SH Sole 328169 0 490212 Old Dominion Freight Line COM 679580100 37367 921950SH Sole 463179 0 458771 Opnet Tech COM 683757108 2985 81396SH Sole 32615 0 48781 Oracle Systems Corporation COM 68389X105 5578 217477SH Sole 188064 0 29413 Orasure Technologies Inc. COM 68554v108 4303 472321SH Sole 189358 0 282963 Pegasystems, Inc. COM 705573103 17973 611340SH Sole 338320 0 273020 Polypore International, Inc COM 73179V103 1763 40072SH Sole 40072 0 0 Portfolio Recovery AssociationCOM 73640Q105 40431 598795SH Sole 320486 0 278309 Praxair Inc COM 74005P104 217 2034SH Sole 2034 0 0 Precision Castparts Corp COM 740189105 6279 38101SH Sole 32945 0 5156 Priceline.com COM 741503403 5732 12255SH Sole 10597 0 1658 Procera Networks COM 74269U203 4134 265313SH Sole 106390 0 158923 Pros Hldgs Inc COM 74346Y103 2766 185885SH Sole 74479 0 111406 Qlik Technologies COM 74733T105 43055 1779149SH Sole 934290 0 844859 Qualcomm Inc COM 747525103 4761 87035SH Sole 75825 0 11210 Questcor Pharmaceuticals COM 74835Y101 62902 1512802SH Sole 796151 0 716651 RTI International Metals Inc. COM 74973W107 17147 738780SH Sole 405157 0 333623 Ralph Lauren Corp COM 751212101 2310 16728SH Sole 14759 0 1969 Realpage Inc COM 75606N109 57416 2272111SH Sole 1232951 0 1039160 Rosetta Resources COM 777779307 18043 414777SH Sole 208856 0 205921 Rue21 Inc COM 781295100 4133 191321SH Sole 119416 0 71905 SPS Commerce Inc COM 78463M107 10866 418741SH Sole 167808 0 250933 SXC Health Solutions Corp COM 78505P100 68378 1210660SH Sole 670133 0 540527 Salesforce.com Inc COM 79466L302 5686 56042SH Sole 48476 0 7566 Salix Pharamaceuticals COM 795435106 58413 1220758SH Sole 669670 0 551088 Schlumberger COM 806857108 3912 57264SH Sole 49544 0 7720 Servicesource International COM 81763U100 4260 271521SH Sole 108650 0 162871 Sourcefire Inc COM 83616T108 39097 1207433SH Sole 580465 0 626968 Starbucks Corp. COM 855244109 6391 138897SH Sole 120104 0 18793 Summer Infant Inc COM 865646103 4266 605919SH Sole 242339 0 363580 Syntel Inc COM 87162H103 31918 682453SH Sole 342870 0 339583 Taleo Corp - Class A COM 87424N104 38349 991179SH Sole 497991 0 493188 Tangoe Inc COM 87582Y108 9444 613234SH Sole 245702 0 367532 Teavana Holdings COM 87819P102 27548 1466899SH Sole 736401 0 730498 Tenneco, Inc COM 880349105 32715 1098555SH Sole 551912 0 546643 Titan International COM 88830M102 45155 2320417SH Sole 1138669 0 1181748 Ultimate Software Group Inc. COM 90385D107 64990 998001SH Sole 546249 0 451752 Ultra Salon Cosmetics & FragraCOM 90384S303 3153 48573SH Sole 48573 0 0 Under Armour Inc. COM 904311107 3159 44007SH Sole 44007 0 0 Union Pacific Corp COM 907818108 7139 67386SH Sole 58362 0 9024 United Therapeutics Corp COM 91307C102 2079 44001SH Sole 44001 0 0 VMWare Inc COM 928563402 5993 72043SH Sole 62314 0 9729 Verifone Systems Inc COM 92342Y109 4885 137532SH Sole 137532 0 0 Virtusa Corp COM 92827P102 7632 527077SH Sole 211256 0 315821 Visa Inc COM 92826C839 5635 55505SH Sole 48138 0 7367 Vocus Inc COM 92858J108 8823 399430SH Sole 159833 0 239597 Volcano Corp COM 928645100 14849 624187SH Sole 343234 0 280953 Wabash National COM 929566107 18038 2300818SH Sole 1155488 0 1145330 Wabtec Corp COM 929740108 3257 46567SH Sole 46567 0 0 Walter Investment Management COM 93317W102 2356 114888SH Sole 45990 0 68898 Watson Pharmaceuticals COM 942683103 1584 26250SH Sole 22295 0 3955 Whole Foods Market Inc COM 966837106 3483 50060SH Sole 43664 0 6396 Wynn Resorts COM 983134107 160 1448SH Sole 1448 0 0 Magnum Hunter Res - RestrictedCOM 55973G119 0 72159SH Sole 29075 0 43084