0001193125-12-226884.txt : 20120511 0001193125-12-226884.hdr.sgml : 20120511 20120511071357 ACCESSION NUMBER: 0001193125-12-226884 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120511 DATE AS OF CHANGE: 20120511 EFFECTIVENESS DATE: 20120511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TimesSquare Capital Management, LLC CENTRAL INDEX KEY: 0001313816 IRS NUMBER: 201665304 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11092 FILM NUMBER: 12832153 BUSINESS ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 800-541-5156 MAIL ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 13F-HR 1 d349585d13fhr.txt FORM 13F United States Securities and Exchange Commission Washington, DC 20549 Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: 03/31/2012 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: TimesSquare Capital Management, LLC Address: 1177 Avenue of the Americas, 39th Floor New York, New York 10036 13F File Number: 028-11092 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: Mark J. Aaron Title: Chief Compliance Officer Phone: (917) 342-7950 I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Signature, Place and Date of Signing: /S/ Mark J. Aaron ------------------- Mark J. Aaron New York, New York May 11, 2012 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: 13F File Number Name ______________________________ ________________________________________ None FORM 13F SUMMARY PAGE Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 256 Form 13F Information Table Value Total: $ 14,402,367 (thousands) List of Other Included Managers: None.

13F INFORMATION TABLE FORM OTHER VOTING TITLE OF INVESTMENT MGRS AUTHTY CLASS VALUE SH/PRN DISCRETION SOLE SHARED COLUMN CUSIP (X$1000) SHRS OR COLUMN COLUMN COLUMN COLUMN NAME OF ISSUER COLUMN 1 2 COLUMN 3 COLUMN 4 PRN AMT 5 6 7 8 NONE ----------------------- --------- --------- ---------- --------- ------ ---------- ----------- ------ --------- Acme Packet Inc COM 004764106 19,996 726,600 SH SOLE 558,000 0 168,600 Active Network Inc. COM 00506D100 8,514 505,900 SH SOLE 471,000 0 34,900 Adtran Inc COM 00738A106 35,918 1,151,600 SH SOLE 882,800 0 268,800 Aercap Holdings NV SHS N00985106 34,999 3,150,200 SH SOLE 2,475,100 0 675,100 Aflac Inc COM 001055102 62,995 1,369,760 SH SOLE 1,054,560 0 315,200 Agilent Technologies Inc COM 00846U101 40 900 SH SOLE 900 0 0 Air Methods Corporation COM PAR $.06 009128307 30,607 350,800 SH SOLE 326,300 0 24,500 Airgas Inc COM 009363102 98,625 1,108,520 SH SOLE 853,570 0 254,950 Albany International Corp CL A 012348108 52,630 2,293,260 SH SOLE 2,114,190 0 179,070 Alere Inc. COM 01449J105 24,551 943,900 SH SOLE 726,500 0 217,400 Align Technology Inc COM 016255101 31,097 1,128,750 SH SOLE 1,051,050 0 77,700 Allegiant Travel Co COM 01748X102 72,093 1,322,800 SH SOLE 1,114,900 0 207,900 Alliance Data Systems Cor COM 018581108 265,938 2,111,290 SH SOLE 1,555,590 0 555,700 Allot Communications Ltd. SHS M0854Q105 11,595 498,700 SH SOLE 428,900 0 69,800 Altera Corp COM 021441100 67,186 1,687,235 SH SOLE 1,296,410 0 390,825 Amdocs Limited ORD G02602103 194,781 6,167,870 SH SOLE 4,488,670 0 1,679,200 American Equity Invt Life COM 025676206 36,428 2,852,650 SH SOLE 2,655,950 0 196,700 American Express Co. COM 025816109 1,513 26,150 SH SOLE 17,815 0 8,335 American Public Education COM 02913V103 29,864 785,900 SH SOLE 731,400 0 54,500 American Tower Corp COM 03027X100 79,558 1,262,425 SH SOLE 967,975 0 294,450 Ametek Inc COM 031100100 94,109 1,939,985 SH SOLE 1,490,115 0 449,870 Anadarko Petroleum Corp COM 032511107 1,677 21,411 SH SOLE 14,599 0 6,812 Analog Devices COM 032654105 70,547 1,746,225 SH SOLE 1,344,225 0 402,000 Angie's List Inc COM 034754101 12,067 638,800 SH SOLE 587,400 0 51,400 Annies Inc COM 03600T104 6,097 175,000 SH SOLE 150,600 0 24,400 Ansys Inc. COM 03662Q105 49,763 765,350 SH SOLE 589,650 0 175,700 Apple Inc COM 037833100 5,675 9,465 SH SOLE 6,376 0 3,089 Arbitron Inc COM 03875Q108 49,699 1,343,950 SH SOLE 1,251,450 0 92,500 Asen Restricted Common St COM 02971T107 2,611 1,110,915 SH SOLE 1,110,915 0 0 ASML Holding NV NY REG SHS N07059186 70,572 1,407,500 SH SOLE 1,122,600 0 284,900 Assured Guaranty Ltd COM G0585R106 45,480 2,753,030 SH SOLE 2,119,780 0 633,250 Avanir Pharmaceuticals CL A NEW 05348P401 11,825 3,457,700 SH SOLE 3,164,200 0 293,500 Axis Capital SHS G0692U109 95,704 2,885,250 SH SOLE 2,221,050 0 664,200 Bally Technologies Inc COM 05874B107 32,870 703,100 SH SOLE 539,900 0 163,200 Beacon Roofing Supply Inc COM 073685109 16,002 621,200 SH SOLE 578,300 0 42,900 Bio-Rad Laboratories Inc CL A 090572207 46,634 449,745 SH SOLE 379,619 0 70,126 Biomarin Pharmaceutical I COM 09061G101 24,458 714,100 SH SOLE 665,100 0 49,000 BorgWarner Inc COM 099724106 32,726 388,025 SH SOLE 298,525 0 89,500 Boston Scientific Corpora COM 101137107 44,727 7,479,400 SH SOLE 5,758,890 0 1,720,510 Bottomline Technologies I COM 101388106 68,833 2,463,591 SH SOLE 2,291,791 0 171,800 Broadcom Corp CL A 111320107 71,634 1,822,740 SH SOLE 1,399,490 0 423,250 Broadsoft Inc COM 11133B409 27,320 714,250 SH SOLE 665,050 0 49,200

13F INFORMATION TABLE FORM OTHER VOTING TITLE OF INVESTMENT MGRS AUTHTY CLASS VALUE SH/PRN DISCRETION SOLE SHARED COLUMN CUSIP (X$1000) SHRS OR COLUMN COLUMN COLUMN COLUMN NAME OF ISSUER COLUMN 1 2 COLUMN 3 COLUMN 4 PRN AMT 5 6 7 8 NONE ----------------------- --------- --------- ---------- --------- ------ ---------- ----------- ------ --------- Brookdale Senior Living I COM 112463104 65,892 3,519,850 SH SOLE 2,996,150 0 523,700 Bruker Corporation COM 116794108 30,941 2,020,950 SH SOLE 1,552,850 0 468,100 Cameron International Cor COM 13342B105 86,282 1,633,200 SH SOLE 1,257,300 0 375,900 Cardtronics Inc COM 14161H108 52,469 1,998,800 SH SOLE 1,861,600 0 137,200 Carlisle Companies Incorp COM 142339100 25,235 505,500 SH SOLE 387,900 0 117,600 Catalyst Health Solutions COM 14888B103 116,410 1,826,610 SH SOLE 1,542,710 0 283,900 CH Robinson Worldwide Inc COM NEW 12541W209 45,666 697,290 SH SOLE 536,790 0 160,500 Chefs Warehouse Holdings COM 163086101 21,115 912,500 SH SOLE 852,100 0 60,400 Church and Dwight Co COM 171340102 51,506 1,047,090 SH SOLE 805,990 0 241,100 Clarcor Inc COM 179895107 21,644 440,900 SH SOLE 338,400 0 102,500 Clean Harbors Inc COM 184496107 113,139 1,680,358 SH SOLE 1,410,009 0 270,349 Coach Inc COM 189754104 124,201 1,607,150 SH SOLE 1,111,940 0 495,210 Colgate Palmolive Co COM 194162103 1,243 12,710 SH SOLE 8,675 0 4,035 Columbus McKinnon Corpora COM 199333105 21,194 1,301,057 SH SOLE 1,205,757 0 95,300 Commvault Systems Inc COM 204166102 31,628 637,150 SH SOLE 593,650 0 43,500 Concho Resources Inc COM 20605P101 94,947 930,125 SH SOLE 658,100 0 272,025 Cooper Industries PLC SHS G24140108 143,536 2,244,500 SH SOLE 1,569,500 0 675,000 Corcept Therapeutics Inc. COM 218352102 8,180 2,081,478 SH SOLE 1,822,300 0 259,178 Core Laboratories N V Com COM N22717107 83,504 634,675 SH SOLE 488,425 0 146,250 Corporate Executive Board COM 21988R102 111,361 2,589,200 SH SOLE 2,170,400 0 418,800 Costar Group Inc COM 22160N109 146,734 2,125,045 SH SOLE 1,793,745 0 331,300 Cymer Inc COM 232572107 43,285 865,700 SH SOLE 734,000 0 131,700 Danaher Corporation COM 235851102 1,333 23,810 SH SOLE 16,150 0 7,660 DaVita Inc COM 23918K108 524,197 5,813,426 SH SOLE 4,265,666 0 1,547,760 Dealertrack Holding Inc COM 242309102 58,335 1,927,800 SH SOLE 1,795,500 0 132,300 Demandware Inc COM 24802Y105 1,788 60,000 SH SOLE 50,300 0 9,700 Denbury Resources Inc COM NEW 247916208 92,791 5,090,016 SH SOLE 3,916,516 0 1,173,500 Dendreon Corporation COM 24823Q107 37 3,500 SH SOLE 3,500 0 0 DigitalGlobe Inc COM NEW 25389M877 19,044 1,427,550 SH SOLE 1,346,450 0 81,100 Discovery Communications COM SER C 25470F302 174,225 3,716,400 SH SOLE 2,622,000 0 1,094,400 Dril-Quip Inc COM 262037104 71,108 1,093,640 SH SOLE 922,440 0 171,200 Duff and Phelps Corp CL A 26433B107 28,309 1,821,700 SH SOLE 1,689,300 0 132,400 Dunkin Brands Group Inc COM 265504100 33,638 1,118,300 SH SOLE 859,600 0 258,700 Ebay Inc COM 278642103 2,455 66,542 SH SOLE 45,337 0 21,205 EBIX Inc COM NEW 278715206 37,540 1,620,900 SH SOLE 1,506,500 0 114,400 Ecolab Inc COM 278865100 106,590 1,726,985 SH SOLE 1,233,205 0 493,780 EMCOR Group Inc COM 29084Q100 32,476 1,171,587 SH SOLE 1,090,287 0 81,300 Euronet Worldwide Inc COM 298736109 18,566 888,750 SH SOLE 827,550 0 61,200 Evercore Partners Inc CL CLASS A 29977A105 24,319 836,550 SH SOLE 775,150 0 61,400 Exlservice Holdings Inc COM 302081104 48,888 1,781,633 SH SOLE 1,658,063 0 123,570 Fleetcor Technologies Inc COM 339041105 47,803 1,233,000 SH SOLE 947,800 0 285,200 Flir Systems Inc COM 302445101 41,831 1,652,750 SH SOLE 1,273,250 0 379,500 Gardner Denver Inc COM 365558105 110,808 1,758,300 SH SOLE 1,353,100 0 405,200 Gartner Inc COM 366651107 121,631 2,852,500 SH SOLE 2,007,300 0 845,200 Gen-Probe Incorporated COM 36866T103 31,306 471,400 SH SOLE 361,400 0 110,000 Generac Holdings Inc COM 368736104 21,659 882,243 SH SOLE 816,143 0 66,100 General Communications In CL A 369385109 14,327 1,642,950 SH SOLE 1,510,750 0 132,200

13F INFORMATION TABLE FORM OTHER VOTING TITLE OF INVESTMENT MGRS AUTHTY CLASS VALUE SH/PRN DISCRETION SOLE SHARED COLUMN CUSIP (X$1000) SHRS OR COLUMN COLUMN COLUMN COLUMN NAME OF ISSUER COLUMN 1 2 COLUMN 3 COLUMN 4 PRN AMT 5 6 7 8 NONE ----------------------- --------- --------- ---------- --------- ------ ---------- ----------- ------ --------- Genesee and Wyoming Inc CL A 371559105 67,928 1,244,550 SH SOLE 1,160,550 0 84,000 Gentex Corp COM 371901109 22,120 902,860 SH SOLE 694,560 0 208,300 GeoResources Inc COM 372476101 31,159 951,700 SH SOLE 729,600 0 222,100 Global Payments Inc COM 37940X102 225,648 4,750,475 SH SOLE 3,872,445 0 878,030 Google Inc. Cl A CL A 38259P508 1,173 1,829 SH SOLE 1,247 0 582 Graco Inc COM 384109104 30,982 583,900 SH SOLE 449,100 0 134,800 Grand Canyon Education In COM 38526M106 34,046 1,917,000 SH SOLE 1,473,700 0 443,300 Green Dot Corp Class A CL A 39304D102 29,614 1,116,669 SH SOLE 858,090 0 258,579 GRIFOLS S.A SPONSORED ADR 398438309 2,005 260,100 SH SOLE 178,500 0 81,600 Gulfport Energy Corp COM NEW 402635304 26,100 896,300 SH SOLE 834,200 0 62,100 Haemonetics Corporation COM 405024100 82,466 1,183,500 SH SOLE 1,001,000 0 182,500 Halliburton Company COM 406216101 1,077 32,435 SH SOLE 22,050 0 10,385 Hanesbrands Inc COM 410345102 110,511 3,741,050 SH SOLE 2,876,350 0 864,700 Health Management Associa CL A 421933102 49,924 7,429,210 SH SOLE 5,720,860 0 1,708,350 Healthcare Services Group COM 421906108 40,858 1,920,919 SH SOLE 1,789,019 0 131,900 Heartland Payment Systems COM 42235N108 15,616 541,464 SH SOLE 491,728 0 49,736 Herbalife Ltd COM USD SHS G4412G101 133,189 1,935,325 SH SOLE 1,488,625 0 446,700 Hershey Company COM 427866108 83,305 1,358,300 SH SOLE 1,045,000 0 313,300 Higher One Holdings Inc COM 42983D104 33,152 2,217,500 SH SOLE 2,063,800 0 153,700 Hittite Microwave Corpora COM 43365Y104 32,002 589,250 SH SOLE 549,350 0 39,900 Hologic Inc COM 436440101 107,025 4,966,380 SH SOLE 3,821,480 0 1,144,900 HomeAway Inc. COM 43739Q100 22,797 900,000 SH SOLE 691,100 0 208,900 Hornbeck Offshore Service COM 440543106 22,162 527,300 SH SOLE 491,100 0 36,200 IHS Inc CL A 451734107 141,382 1,509,683 SH SOLE 1,161,533 0 348,150 Incyte Corporation COM 45337C102 24,475 1,268,150 SH SOLE 1,177,550 0 90,600 Informatica Corp COM 45666Q102 167,482 3,166,010 SH SOLE 2,581,880 0 584,130 Inphi Corporation COM 45772F107 12,273 865,500 SH SOLE 824,700 0 40,800 Inter Parfums Inc COM 458334109 21,168 1,349,160 SH SOLE 1,256,460 0 92,700 Intuit Inc. COM 461202103 928 15,430 SH SOLE 10,500 0 4,930 IPC The Hospitalist Compa COM 44984A105 41,799 1,132,450 SH SOLE 1,054,950 0 77,500 iShares Russell 2000 Grow RUSL 2000 GROW 464287648 9,538 100,000 SH SOLE 100,000 0 0 iShares Russell Midcap Gr RUSSELL MCP GR 464287481 1,534 24,400 SH SOLE 2,300 0 22,100 J2 Global Inc. COM 48123V102 38,945 1,357,912 SH SOLE 1,262,912 0 95,000 Jack Henry and Associates COM 426281101 109,342 3,204,618 SH SOLE 2,708,118 0 496,500 Jarden Corporation COM 471109108 59,906 1,489,079 SH SOLE 1,145,649 0 343,430 John Wiley and Sons Inc CL A 968223206 43,036 904,300 SH SOLE 694,800 0 209,500 Johnson Controls Inc COM 478366107 2,473 76,135 SH SOLE 51,585 0 24,550 Jones Lang Lasalle Incorp COM 48020Q107 97,616 1,171,720 SH SOLE 901,420 0 270,300 Jos A Bank Clothiers Inc COM 480838101 61,856 1,227,049 SH SOLE 1,047,049 0 180,000 Kansas City Southern COM NEW 485170302 175,342 2,445,830 SH SOLE 1,779,230 0 666,600 Kennametal Inc COM 489170100 30,481 684,500 SH SOLE 636,100 0 48,400 Key Energy Services Inc COM 492914106 48,726 3,153,800 SH SOLE 2,932,800 0 221,000 Lamar Advertising Co CL A 512815101 22,642 698,600 SH SOLE 537,100 0 161,500 Laredo Petroleum Inc COM 516806106 25,592 1,091,800 SH SOLE 826,500 0 265,300 Lazard LTD CL A SHS A G54050102 66,456 2,326,900 SH SOLE 1,801,640 0 525,260 Lumos Networks Corp COM 550283105 12,853 1,194,522 SH SOLE 1,112,672 0 81,850 Luxottica Group S.P.A. AD SPONSORED ADR 55068R202 1,726 47,845 SH SOLE 32,475 0 15,370

13F INFORMATION TABLE FORM OTHER VOTING TITLE OF INVESTMENT MGRS AUTHTY CLASS VALUE SH/PRN DISCRETION SOLE SHARED COLUMN CUSIP (X$1000) SHRS OR COLUMN COLUMN COLUMN COLUMN NAME OF ISSUER COLUMN 1 2 COLUMN 3 COLUMN 4 PRN AMT 5 6 7 8 NONE ----------------------- --------- --------- ---------- --------- ------ ---------- ----------- ------ --------- Magellan Health Services COM NEW 559079207 62,961 1,289,917 SH SOLE 1,086,517 0 203,400 Manitowoc Co Inc COM 563571108 35,645 2,571,800 SH SOLE 1,976,700 0 595,100 Manpower Group COM 56418H100 46,226 975,860 SH SOLE 752,160 0 223,700 MarketAxess Holdings Inc. COM 57060D108 19,674 527,600 SH SOLE 491,700 0 35,900 MasterCard Inc. Cl A CL A 57636Q104 1,539 3,660 SH SOLE 2,495 0 1,165 Matador Res Co Restricted COM 576485205 4,515 431,250 SH SOLE 431,250 0 0 Matador Resources Company COM 576485205 13,931 1,272,200 SH SOLE 1,162,400 0 109,800 Maximus Inc COM 577933104 35,450 871,650 SH SOLE 812,850 0 58,800 McGrath Rentcorp COM 580589109 34,343 1,069,550 SH SOLE 994,750 0 74,800 Mednax Inc COM 58502B106 44,503 598,400 SH SOLE 458,600 0 139,800 Mettler Toledo Internatio COM 592688105 65,132 352,540 SH SOLE 270,890 0 81,650 Michael Kors Holdings Lim SHS G60754101 34,966 750,500 SH SOLE 577,300 0 173,200 Micros Systems Inc COM 594901100 106,182 1,920,450 SH SOLE 1,482,250 0 438,200 Microsemi Corp COM 595137100 30,603 1,427,400 SH SOLE 1,113,500 0 313,900 Mohawk Industries Inc COM 608190104 19,893 299,100 SH SOLE 230,000 0 69,100 Moneygram International I COM NEW 60935Y208 16,189 899,400 SH SOLE 691,000 0 208,400 Monotype Imaging Holdings COM 61022P100 24,813 1,665,296 SH SOLE 1,550,296 0 115,000 Monro Muffler Inc COM 610236101 44,485 1,072,183 SH SOLE 997,283 0 74,900 Montpelier Re Holdings Lt SHS G62185106 68,482 3,544,615 SH SOLE 3,269,640 0 274,975 National American Univers COM 63245Q105 10,483 1,664,030 SH SOLE 1,538,830 0 125,200 National Cinemedia Inc COM 635309107 45,254 2,957,800 SH SOLE 2,278,000 0 679,800 National Oilwell Varco In COM 637071101 1,632 20,540 SH SOLE 14,000 0 6,540 NetApp Inc COM 64110D104 56,783 1,268,320 SH SOLE 975,820 0 292,500 Netspend Holdings Inc COM 64118V106 13,269 1,709,900 SH SOLE 1,585,600 0 124,300 Neustar Inc CL A 64126X201 171,388 4,601,026 SH SOLE 3,459,806 0 1,141,220 Newpark Resources Inc New COM PAR $.01 NEW 651718504 21,823 2,664,600 SH SOLE 2,480,000 0 184,600 NIC Inc COM 62914B100 29,050 2,391,900 SH SOLE 2,225,700 0 166,200 NICE Systems Ltd - ADR SPONSORED ADR 653656108 56,236 1,430,950 SH SOLE 1,123,650 0 307,300 Nielsen Holdings BV COM N63218106 111,139 3,687,425 SH SOLE 2,677,125 0 1,010,300 Nike Inc CL B 654106103 2,173 20,040 SH SOLE 13,630 0 6,410 Nordson Corporation COM 655663102 35,863 657,925 SH SOLE 507,050 0 150,875 Ntelos Holdings Corporati COM NEW 67020Q305 19,009 918,322 SH SOLE 852,672 0 65,650 O'Reilly Automotive Inc COM 67103H107 79,328 868,400 SH SOLE 668,850 0 199,550 Oasis Petroleum Inc COM 674215108 34,246 1,110,800 SH SOLE 1,033,600 0 77,200 Oceaneering Intl Inc COM 675232102 29,769 552,410 SH SOLE 425,610 0 126,800 Oil States International COM 678026105 160,901 2,061,250 SH SOLE 1,517,800 0 543,450 Old Dominion Freight Line COM 679580100 35,696 748,825 SH SOLE 695,175 0 53,650 On Assignment Inc COM 682159108 52,467 3,003,266 SH SOLE 2,777,466 0 225,800 Onyx Pharmaceuticals Inc COM 683399109 39,792 1,056,061 SH SOLE 811,461 0 244,600 Orbital Sciences Corp COM 685564106 52,154 3,966,100 SH SOLE 3,415,500 0 550,600 Pall Corp Com COM 696429307 64,037 1,073,900 SH SOLE 826,300 0 247,600 Parexel International Cor COM 699462107 32,480 1,204,300 SH SOLE 1,118,700 0 85,600 Pfizer Inc COM 717081103 34 1,500 SH SOLE 1,500 0 0 Polypore International In COM 73179V103 16,504 469,400 SH SOLE 360,700 0 108,700 Pool Corporation COM 73278L105 83,978 2,244,200 SH SOLE 1,728,900 0 515,300 Portfolio Recovery Associ COM 73640Q105 39,876 556,000 SH SOLE 517,500 0 38,500 Power Integrations Inc COM 739276103 31,609 851,545 SH SOLE 792,845 0 58,700

13F INFORMATION TABLE FORM OTHER VOTING TITLE OF INVESTMENT MGRS AUTHTY CLASS VALUE SH/PRN DISCRETION SOLE SHARED COLUMN CUSIP (X$1000) SHRS OR COLUMN COLUMN COLUMN COLUMN NAME OF ISSUER COLUMN 1 2 COLUMN 3 COLUMN 4 PRN AMT 5 6 7 8 NONE ----------------------- --------- --------- ---------- --------- ------ ---------- ----------- ------ --------- Proassurance Corporation COM 74267C106 36,883 418,600 SH SOLE 321,400 0 97,200 Qualcomm Inc COM 747525103 3,192 46,905 SH SOLE 32,020 0 14,885 Quality Distribution Inc. COM 74756M102 5,512 400,000 SH SOLE 400,000 0 0 RBC Bearings Inc COM 75524B104 18,355 397,900 SH SOLE 369,700 0 28,200 RealPage Inc COM 75606N109 23,414 1,221,400 SH SOLE 1,139,100 0 82,300 Red Hat Inc COM 756577102 93,147 1,555,300 SH SOLE 1,196,100 0 359,200 Regal-Beloit Corp COM 758750103 47,039 717,600 SH SOLE 551,700 0 165,900 Renaissancere Holdings Lt COM G7496G103 247,997 3,274,750 SH SOLE 2,350,800 0 923,950 Resources Connection Inc COM 76122Q105 53,613 3,815,896 SH SOLE 3,207,496 0 608,400 Robert Half International COM 770323103 30,288 999,600 SH SOLE 768,500 0 231,100 Rockwell Collins Inc COM 774341101 42,572 739,605 SH SOLE 571,105 0 168,500 Rowan Companies Inc COM 779382100 30,770 934,400 SH SOLE 718,400 0 216,000 RPM International Inc COM 749685103 66,140 2,525,400 SH SOLE 1,940,100 0 585,300 S S and C Technologies Ho COM 78467J100 49,783 2,133,850 SH SOLE 1,983,050 0 150,800 Saba Software Inc COM NEW 784932600 17,417 1,775,400 SH SOLE 1,630,800 0 144,600 Safety Insurance Group In COM 78648T100 28,009 672,650 SH SOLE 625,050 0 47,600 Salix Pharmaceuticals Ltd COM 795435106 16,984 323,500 SH SOLE 248,500 0 75,000 Sally Beauty Holdings Inc COM 79546E104 75,258 3,034,600 SH SOLE 2,331,700 0 702,900 Sanchez Energy Corp COM 79970Y105 17,962 800,100 SH SOLE 738,300 0 61,800 SBA Communications Corp COM 78388J106 370,255 7,287,050 SH SOLE 5,369,500 0 1,917,550 Shire plc SPONSORED ADR 82481R106 76,262 804,875 SH SOLE 638,910 0 165,965 Sirona Dental Systems Inc COM 82966C103 95,194 1,846,985 SH SOLE 1,553,485 0 293,500 Sodastream International USD SHS M9068E105 16,941 503,000 SH SOLE 468,100 0 34,900 SolarWinds Inc COM 83416B109 42,484 1,099,200 SH SOLE 844,800 0 254,400 Solera Holdings Inc COM 83421A104 204,965 4,466,442 SH SOLE 3,672,542 0 793,900 Sotheby's COM 835898107 20,834 529,600 SH SOLE 407,600 0 122,000 Southwestern Energy Compa COM 845467109 52,768 1,724,450 SH SOLE 1,327,350 0 397,100 SPX Corporation COM 784635104 106,441 1,372,906 SH SOLE 1,056,556 0 316,350 Stancorp Financial Corp I COM 852891100 29,061 709,850 SH SOLE 660,050 0 49,800 Standard Parking Corp COM 853790103 27,254 1,329,450 SH SOLE 1,239,450 0 90,000 Swift Energy Company COM 870738101 47,550 1,637,950 SH SOLE 1,523,550 0 114,400 SXC Health Solutions Corp COM 78505P100 57,543 767,650 SH SOLE 590,950 0 176,700 TCF Financial Corp. COM 872275102 23,763 1,998,600 SH SOLE 1,537,400 0 461,200 Tempur-Pedic Internationa COM 88023U101 132,070 1,564,250 SH SOLE 1,172,350 0 391,900 Teradata Corporation COM 88076W103 67,731 993,845 SH SOLE 768,040 0 225,805 Teradyne Inc COM 880770102 28,323 1,676,900 SH SOLE 1,327,000 0 349,900 The Advisory Board Co COM 00762W107 101,115 1,140,999 SH SOLE 968,999 0 172,000 The Nasdaq OMX Group Inc COM 631103108 144,132 5,564,950 SH SOLE 4,276,900 0 1,288,050 The Ultimate Software Gro COM 90385D107 114,214 1,558,600 SH SOLE 1,385,200 0 173,400 The Walt Disney Company COM DISNEY 254687106 2,215 50,595 SH SOLE 34,455 0 16,140 Thor Industries Inc COM 885160101 20,344 644,600 SH SOLE 496,000 0 148,600 Tibco Software Inc COM 88632Q103 27,127 889,400 SH SOLE 683,400 0 206,000 Tiffany and Co COM 886547108 45,747 661,750 SH SOLE 508,750 0 153,000 Tractor Supply Company COM 892356106 57,533 635,300 SH SOLE 490,000 0 145,300 Transdigm Group Inc COM 893641100 108,577 937,950 SH SOLE 792,050 0 145,900 Trimble Navigation LTD COM 896239100 127,517 2,343,200 SH SOLE 1,801,400 0 541,800 United Natural Foods Inc COM 911163103 119,739 2,566,204 SH SOLE 2,179,684 0 386,520

13F INFORMATION TABLE FORM OTHER VOTING TITLE OF INVESTMENT MGRS AUTHTY CLASS VALUE SH/PRN DISCRETION SOLE SHARED COLUMN CUSIP (X$1000) SHRS OR COLUMN COLUMN COLUMN COLUMN NAME OF ISSUER COLUMN 1 2 COLUMN 3 COLUMN 4 PRN AMT 5 6 7 8 NONE ----------------------- --------- --------- ---------- --------- ------ ---------- ----------- ------ --------- United Parcel Service CL B 911312106 2,781 34,450 SH SOLE 23,480 0 10,970 United Therapeutics Corpo COM 91307C102 33,077 701,825 SH SOLE 654,225 0 47,600 URS Corporation COM 903236107 80,396 1,890,770 SH SOLE 1,456,470 0 434,300 UTI Worldwide Inc ORD G87210103 81,627 4,737,492 SH SOLE 4,003,392 0 734,100 Vanguard Health Systems I COM 922036207 13,869 1,406,600 SH SOLE 1,082,900 0 323,700 Vantiv Inc COM 92210H105 42,811 2,180,900 SH SOLE 1,675,200 0 505,700 Vera Bradley Inc COM 92335C106 34,776 1,151,900 SH SOLE 1,072,100 0 79,800 Verifone Holdings Inc COM 92342Y109 60,382 1,164,100 SH SOLE 894,900 0 269,200 VeriSign Inc COM 92343E102 74,414 1,940,400 SH SOLE 1,493,200 0 447,200 Viasat Inc COM 92552V100 15,876 329,300 SH SOLE 311,100 0 18,200 Virgin Media Inc COM 92769L101 230,648 9,233,315 SH SOLE 6,515,860 0 2,717,455 Vitamin Shoppe Inc COM 92849E101 48,976 1,107,800 SH SOLE 1,029,900 0 77,900 Vocera Communications Inc COM 92857F107 10,771 460,300 SH SOLE 385,800 0 74,500 Volcano Corporation COM 928645100 57,979 2,042,950 SH SOLE 1,757,950 0 285,000 Volterra Semiconductor Co COM 928708106 36,246 1,053,200 SH SOLE 981,300 0 71,900 W.R. Berkley Corporation COM 084423102 34,365 951,400 SH SOLE 729,800 0 221,600 Wabco Holdings Inc COM 92927K102 199,406 3,297,050 SH SOLE 2,681,350 0 615,700 WABTEC Corporation COM 929740108 19,204 254,800 SH SOLE 196,100 0 58,700 Watts Water Technologies CL A 942749102 37,127 911,100 SH SOLE 847,600 0 63,500 Wesco International Inc COM 95082P105 89,525 1,370,770 SH SOLE 1,142,095 0 228,675 Whiting Petroleum Corp COM 966387102 138,475 2,550,190 SH SOLE 1,955,965 0 594,225 Whole Foods Market Inc COM 966837106 43,898 527,620 SH SOLE 405,620 0 122,000 WNS Holdings Ltd ADR SPON ADR 92932M101 22,483 1,865,785 SH SOLE 1,466,985 0 398,800 World Fuel Services Corpo COM 981475106 27,722 676,150 SH SOLE 627,150 0 49,000 Wright Express Corporatio COM 98233Q105 157,321 2,430,411 SH SOLE 2,053,911 0 376,500 Zions Bancorporation COM 989701107 32,169 1,499,000 SH SOLE 1,152,500 0 346,500 ---------- GRAND TOTAL 14,402,367