0001134007-12-000012.txt : 20120514 0001134007-12-000012.hdr.sgml : 20120514 20120514162953 ACCESSION NUMBER: 0001134007-12-000012 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120514 DATE AS OF CHANGE: 20120514 EFFECTIVENESS DATE: 20120514 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: 12839078 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 r01q12.txt NCG 1Q12 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: March 31, 2012 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 May 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: 164 Form 13F Information Table Value Total: 2,539,053 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 4922 221821SH Sole 92143 0 129678 Acacia Research - Acacia Tec COM 003881307 18243 437065SH Sole 218650 0 218415 Advisory Board Co (The) COM 00762W107 7775 87739SH Sole 87739 0 0 Akorn Inc COM 009728106 42568 3638296SH Sole 1761352 0 1876944 Alexion Pharmaceuticals, Inc. COM 015351109 2919 31436SH Sole 25072 0 6364 Amazon.Com COM 023135106 5613 27715SH Sole 22848 0 4867 Amerigon Inc COM 03070L300 9372 579214SH Sole 240241 0 338973 Ansys Inc COM 03662Q105 6166 94833SH Sole 94833 0 0 Apple Computer Inc COM 037833100 10891 18168SH Sole 14957 0 3211 Arctic Cat Inc COM 039670104 3459 80758SH Sole 33531 0 47227 Ariba Inc COM 04033V203 2696 82426SH Sole 82426 0 0 Aruba Networks COM 043176106 5483 246109SH Sole 246109 0 0 Astronics Corp COM 046433108 9625 275303SH Sole 114183 0 161120 AthenaHealth Inc COM 04685W103 39435 532048SH Sole 265912 0 266136 BJ's Restaurant, Inc. COM 09180C106 56098 1114158SH Sole 606570 0 507588 Baidu Inc - Spon ADR COM 056752108 5178 35519SH Sole 29275 0 6244 Bankrate Inc COM 06647F102 7250 292917SH Sole 292917 0 0 Be Aerospace, Inc. COM 073302101 25290 544217SH Sole 354317 0 189900 Body Central Corp COM 09689U102 30187 1040213SH Sole 491244 0 548969 Boeing Co COM 097023105 4944 66483SH Sole 54803 0 11680 Borgwarner, Inc. COM 099724106 5375 63728SH Sole 63728 0 0 Brightcove COM 10921T101 5573 224703SH Sole 93137 0 131566 Broadcom Corporation COM 111320107 4802 122190SH Sole 101301 0 20889 Broadsoft Inc COM 11133B409 31542 824634SH Sole 401192 0 423442 Buffalo Wild Wings Inc. COM 119848109 21662 238858SH Sole 119439 0 119419 Callidus Software COM 13123E500 5067 648797SH Sole 268961 0 379836 Catalyst Health Solutions, IncCOM 14888B103 47414 743977SH Sole 433187 0 310790 Caterpillar Inc COM 149123101 5889 55287SH Sole 45580 0 9707 Celgene Corporation COM 151020104 3237 41758SH Sole 33306 0 8452 Centene Corp COM 15135B101 2750 56161SH Sole 56161 0 0 Cepheid Inc COM 15670R107 31369 749918SH Sole 374885 0 375033 Chart Industries, Inc. COM 16115Q308 66267 903686SH Sole 452058 0 451628 Chicago Brdg + Iron Co N V COM 167250109 6860 158844SH Sole 158844 0 0 Chipotle Mexican Grill, Inc COM 169656105 13232 31655SH Sole 29242 0 2413 Citrix Systems Inc. COM 177376100 4461 56529SH Sole 47342 0 9187 Coach Inc COM 189754104 1868 24175SH Sole 19926 0 4249 Cognex Corporation COM 192422103 26117 616555SH Sole 308359 0 308196 Cognizant Tech Solutions COM 192446102 5651 73442SH Sole 60564 0 12878 Commercial Vehicle Group COM 202608105 4374 358246SH Sole 148760 0 209486 Concur Technologies Inc COM 206708109 49122 856074SH Sole 482043 0 374031 Cornerstone on Demand COM 21925Y103 28055 1284585SH Sole 608804 0 675781 Costco Wholesale Corp COM 22160K105 3758 41392SH Sole 34125 0 7267 Crocs Inc COM 227046109 5318 254193SH Sole 254193 0 0 Cummins, Inc COM 231021106 5457 45464SH Sole 37469 0 7995 DTS Inc COM 23335C101 22335 739085SH Sole 359495 0 379590 Deere & Co COM 244199105 2425 29971SH Sole 24709 0 5262 Demandware COM 24802Y105 2660 89256SH Sole 36459 0 52797 Dynamic Materials Corp COM 267888105 7265 344173SH Sole 142911 0 201262 EMC Communications CorporationCOM 268648102 3902 130574SH Sole 107624 0 22950 Ebay, Inc. COM 278642103 5579 151222SH Sole 125255 0 25967 Ellie Mae Inc COM 28849P100 14438 1293727SH Sole 537411 0 756316 Encore Captial Group COM 292554102 4472 198332SH Sole 83071 0 115261 Endologix Inc COM 29266S106 42950 2931766SH Sole 1428521 0 1503245 Epam Systems COM 29414B104 3617 176290SH Sole 73182 0 103108 Equinix Inc COM 29444U502 8380 53221SH Sole 53221 0 0 ExactTarget Inc COM 30064K105 2830 108836SH Sole 108836 0 0 Exlservice Holdings Inc. COM 302081104 12808 466768SH Sole 284084 0 182684 F5 Networks Inc COM 315616102 6267 46438SH Sole 38147 0 8291 Faro Technologies Inc COM 311642102 39085 670071SH Sole 377601 0 292470 Fastenal Co COM 311900104 5829 107737SH Sole 88802 0 18935 Fedex Corporation COM 31428X106 2934 31905SH Sole 26984 0 4921 Financial Engines Inc COM 317485100 24017 1074123SH Sole 536929 0 537194 Flotek Industries COM 343389102 8610 716319SH Sole 297482 0 418837 Fluor Corp COM 343412102 1853 30860SH Sole 25437 0 5423 Fortinet Inc. COM 34959E109 22861 826811SH Sole 485896 0 340915 Francescas Holdings COM 351793104 46854 1482265SH Sole 741301 0 740964 Fresh Market Inc. COM 35804H106 25376 529227SH Sole 264819 0 264408 Genesee & Wyoming Inc COM 371559105 3617 66269SH Sole 66269 0 0 Gentex Corp COM 371901109 31543 1287478SH Sole 744595 0 542883 Georesources COM 372476101 5378 164275SH Sole 68216 0 96059 Google Inc-CL A COM 38259P508 6516 10161SH Sole 8387 0 1774 Graham Corp COM 384556106 6562 299784SH Sole 124479 0 175305 Grand Canyon Education Inc COM 38526M106 36503 2055341SH Sole 1007180 0 1048161 Green Mountain Coffee RoastersCOM 393122106 1247 26614SH Sole 21941 0 4673 Greenbrier Companies COM 393657101 2404 121466SH Sole 50434 0 71032 Guidewire Software COM 40171V100 46608 1514234SH Sole 757115 0 757119 Gulfport Energy Corp COM 402635304 14962 513788SH Sole 256831 0 256957 H&E Equipment Services COM 404030108 24888 1315459SH Sole 657346 0 658113 HMS Holdings Corp COM 40425J101 66975 2145957SH Sole 1211698 0 934259 Healthstream Inc COM 42222N103 6621 285527SH Sole 118465 0 167062 Heico Corp COM 422806109 2810 54476SH Sole 54476 0 0 Heritage-Crystal Clean Inc COM 42726M106 5316 266489SH Sole 110585 0 155904 Hexcel Corp COM 428291108 24230 1009175SH Sole 504302 0 504873 Hittite Microwave Corp COM 43365Y104 18450 339718SH Sole 192809 0 146909 Home Away COM 43739Q100 3044 119966SH Sole 119966 0 0 Humana Inc COM 444859102 2916 31528SH Sole 25146 0 6382 Hunt (JB) Transport Services COM 445658107 8196 150747SH Sole 150747 0 0 IPG Photonics Corp COM 44980X109 35196 676199SH Sole 361461 0 314738 Imperva Inc COM 45321L100 8128 207620SH Sole 87795 0 119825 Insulet Corp COM 45784P101 5481 286351SH Sole 118928 0 167423 Intuitive Surgical Inc. COM 46120E602 2103 3881SH Sole 3096 0 785 Invensense Inc COM 46123D205 18773 1037197SH Sole 519104 0 518093 Jive Software COM 47760A108 18246 671807SH Sole 336173 0 335634 Joy Global COM 481165108 1319 17941SH Sole 14788 0 3153 Kansas City Southern COM 485170302 11916 166214SH Sole 157153 0 9061 Kenexa Corporation COM 488879107 7437 238069SH Sole 98894 0 139175 LinkedIn Corp A COM 53578A108 2993 29350SH Sole 24197 0 5153 Liveperson, Inc. COM 538146101 10282 613135SH Sole 345869 0 267266 LogMeIn, Inc. COM 54142L109 3467 98416SH Sole 40866 0 57550 Lufkin Industries COM 549764108 22096 273973SH Sole 154438 0 119535 Lululemon Athletica Inc COM 550021109 6334 84818SH Sole 84818 0 0 Magnum Hunter Resources Corp COM 55973B102 4259 664462SH Sole 275556 0 388906 Manitowoc Company COM 563571108 23143 1669743SH Sole 834662 0 835081 Marketaxess Holdings Inc COM 57060D108 28983 777224SH Sole 388823 0 388401 Marlin Business Services COM 571157106 3276 217535SH Sole 90135 0 127400 Maxwell Technologies, Inc COM 577767106 10269 560209SH Sole 304369 0 255840 Merge Healthcare COM 589499102 3404 581878SH Sole 241617 0 340261 Millennial Media Inc COM 60040N105 17072 726475SH Sole 363373 0 363102 NIC Inc COM 62914B100 14189 1169783SH Sole 584935 0 584848 Netsuite COM 64118Q107 61626 1225403SH Sole 686455 0 538948 Nike Class B COM 654106103 5357 49400SH Sole 40719 0 8681 Northern Oil & Gas COM 665531109 21370 1030393SH Sole 633963 0 396430 NxStage Medical Inc COM 67072V103 22088 1146214SH Sole 558557 0 587657 OCZ Technology Group COM 67086E303 5282 756786SH Sole 314388 0 442398 Old Dominion Freight Line COM 679580100 42439 890262SH Sole 444843 0 445419 Portfolio Recovery AssociationCOM 73640Q105 19681 274409SH Sole 154877 0 119532 Praxair Inc COM 74005P104 233 2034SH Sole 2034 0 0 Precision Castparts Corp COM 740189105 5074 29349SH Sole 24193 0 5156 Priceline.com COM 741503403 4588 6395SH Sole 5272 0 1123 Procera Networks COM 74269U203 6548 292825SH Sole 121653 0 171172 Pros Hldgs Inc COM 74346Y103 4774 255310SH Sole 106056 0 149254 Qlik Technologies COM 74733T105 57002 1781325SH Sole 961310 0 820015 Qualcomm Inc COM 747525103 5902 86763SH Sole 71748 0 15015 Questcor Pharmaceuticals COM 74835Y101 61346 1630687SH Sole 879197 0 751490 RBC Bearnings COM 75524B104 18026 390761SH Sole 195470 0 195291 RTI International Metals Inc. COM 74973W107 1982 85961SH Sole 85961 0 0 Ralph Lauren Corp COM 751212101 5452 31275SH Sole 25900 0 5375 Realpage Inc COM 75606N109 20841 1087164SH Sole 610679 0 476485 Rentrak Corp COM 760174102 3512 154695SH Sole 64270 0 90425 Responsys Inc COM 761248103 3520 294073SH Sole 122102 0 171971 Riverbed Technology Inc COM 768573107 2528 90039SH Sole 90039 0 0 Rosetta Resources COM 777779307 15903 326146SH Sole 163222 0 162924 Rue21 Inc COM 781295100 5855 199573SH Sole 134544 0 65029 SPS Commerce Inc COM 78463M107 9691 360522SH Sole 149753 0 210769 SXC Health Solutions Corp COM 78505P100 78303 1044594SH Sole 596720 0 447874 Salesforce.com Inc COM 79466L302 7717 49944SH Sole 41172 0 8772 Salix Pharamaceuticals COM 795435106 58461 1113536SH Sole 626994 0 486542 Schlumberger COM 806857108 1615 23097SH Sole 19035 0 4062 Sciquest Inc COM 80908T101 5055 331673SH Sole 137712 0 193961 Sourcefire Inc COM 83616T108 41158 855146SH Sole 427594 0 427552 Stamps.com, Inc. COM 852857200 7110 255020SH Sole 105890 0 149130 Starbucks Corp. COM 855244109 5510 98590SH Sole 81943 0 16647 Syntel Inc COM 87162H103 36905 659021SH Sole 329300 0 329721 Tangoe Inc COM 87582Y108 30241 1607721SH Sole 755924 0 851797 Teavana Holdings COM 87819P102 27929 1416276SH Sole 707272 0 709004 Tenneco, Inc COM 880349105 25642 690223SH Sole 345260 0 344963 Terex Corp COM 880779103 4953 220122SH Sole 220122 0 0 Titan International COM 88830M102 55063 2328259SH Sole 1146129 0 1182130 Ultimate Software Group Inc. COM 90385D107 59556 812724SH Sole 458777 0 353947 Ultra Salon Cosmetics & FragraCOM 90384S303 7507 80813SH Sole 80813 0 0 Under Armour Inc. COM 904311107 5126 54530SH Sole 54530 0 0 Union Pacific Corp COM 907818108 4809 44745SH Sole 36881 0 7864 VMWare Inc COM 928563402 6578 58542SH Sole 48247 0 10295 Verifone Systems Inc COM 92342Y109 5134 98975SH Sole 98975 0 0 Virtusa Corp COM 92827P102 6683 386973SH Sole 160497 0 226476 Visa Inc COM 92826C839 7319 62028SH Sole 51134 0 10894 Vitran Corp Inc COM 92850E107 3264 409051SH Sole 169736 0 239315 Vocera Communications COM 92857F107 3745 160044SH Sole 65854 0 94190 Volterra Semiconductor Corp COM 928708106 3652 106125SH Sole 44057 0 62068 Wabash National COM 929566107 40705 3932840SH Sole 1915731 0 2017109 Wabtec Corp COM 929740108 5585 74100SH Sole 74100 0 0 Walter Investment Management COM 93317W102 0 8SH Sole 8 0 0 Whole Foods Market Inc COM 966837106 5268 63317SH Sole 52183 0 11134 Magnum Hunter Res - RestrictedCOM 55973G119 0 72682SH Sole 43664 0 29018