0000903949-12-000004.txt : 20120511 0000903949-12-000004.hdr.sgml : 20120511 20120510174224 ACCESSION NUMBER: 0000903949-12-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120511 DATE AS OF CHANGE: 20120510 EFFECTIVENESS DATE: 20120511 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: 12831593 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 co13f033112.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: March 31, 2012 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 05/10/2013 ------------------ ------------- ---------- [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 SH/INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRNDISCRETION MANAGERS SOLE SHARED NONE Aaron's, Inc. COM 002535201 $46,774 1,805,942 SH SOLE 3,592 1,802,350 Abaxis, Inc. COM 002567105 $2,786 95,625 SH SOLE 625 95,000 ABIOMED, Inc. COM 003654100 $1,574 70,935 SH SOLE 935 70,000 Abbott Laboratories COM 002824100 $3,867 63,100 SH SOLE 5,500 57,600 Allergan, Inc. COM 018490102 $7,168 75,115 SH SOLE 115 75,000 Assisted Living Concepts, Inc. CLASS A NEW 04544X300 $2,629 158,282 SH SOLE 158,282 Altera Corporation COM 021441100 $8,573 215,300 SH SOLE 300 215,000 AMETEK, Inc. COM 031100100 $10,201 210,280 SH SOLE 280 210,000 Affiliated Managers Group, Inc. COM 008252108 $95,722 856,114 SH SOLE 540 855,574 ANSYS, Inc. COM 03662Q105 $10,715 164,800 SH SOLE 1,000 163,800 A.O. Smith Corporation COM 04544X300 $16,856 375,000 SH SOLE 375,000 Apache Corp. COM 037411105 $35,727 355,700 SH SOLE 3,000 352,700 Air Products and Chemicals, Inc.COM PAR $.06 009158106 $3,272 35,645 SH SOLE 245 35,400 Acme Packet, Inc. COM 004764106 $1,935 70,330 SH SOLE 330 70,000 Ariba, Inc. COM 04033V203 $2,975 90,960 SH SOLE 960 90,000 Airgas, Inc. COM 009363102 $5,725 64,350 SH SOLE 3,850 60,500 Associated Banc-Corp COM 045487105 $2,614 187,250 SH SOLE 19,250 168,000 Ascena Retail Group Inc. COM 04351G101 $3,835 86,525 SH SOLE 1,525 85,000 AptarGroup, Inc. COM 038336103 $30,016 548,040 SH SOLE 7,440 540,600 Atwood Oceanics, Inc. COM 050095108 $1,805 40,220 SH SOLE 220 40,000 Avago Technologies Limited COM Y0486S104 $7,611 195,300 SH SOLE 300 195,000 Bank of America Corporation 7.257.25%CNV PFD L 060505682 $3,126 3,194 SH SOLE 3,194 C.R. Bard, Inc. COM 067383109 $27,484 278,400 SH SOLE 2,200 276,200 Beam Inc. COM 073730103 $4,690 80,075 SH SOLE 75 80,000 BE Aerospace, Inc. COM 073302101 $8,374 180,210 SH SOLE 210 180,000 Beacon Roofing Supply, Inc. COM 073685109 $3,141 121,925 SH SOLE 1,925 120,000 Ball Corporation COM 058498106 $56,104 1,308,400 SH SOLE 4,400 1,304,000 Bemis Company, Inc. COM 081437105 $45 1,400 SH SOLE 1,400 Body Central Corp. COM 09689U102 $2,922 100,675 SH SOLE 675 100,000 Broadridge Financial Solutions, COM 11133T103 $787 32,900 SH SOLE 8,900 24,000 Brown & Brown, Inc. COM 115236101 $4,875 205,000 SH SOLE 205,000 Cameron International CorporatioCOM 13342B105 $5,555 105,150 SH SOLE 150 105,000 CBRE Group Inc. CL A 12504L109 $25,543 1,279,700 SH SOLE 7,000 1,272,700 Caribou Coffee Company, Inc. COM 142042209 $2,464 132,215 SH SOLE 2,215 130,000 Commerce Bancshares, Inc. COM 200525103 $5,136 126,741 SH SOLE 4,695 122,046 Community Bank System, Inc. COM 203607106 $3,185 110,670 SH SOLE 9,670 101,000 CEVA, Inc. COM 157210105 $2,625 115,595 SH SOLE 595 115,000 Cullen/Frost Bankers, Inc. COM 229899109 $3,497 60,100 SH SOLE 100 60,000 C.H. Robinson Worldwide, Inc. COM NEW 12541W209 $5,771 88,115 SH SOLE 2,015 86,100 CLARCOR Inc. COM 179895107 $417 8,500 SH SOLE 8,500 Continental Resources, Inc. COM 212015101 $6,565 76,500 SH SOLE 100 76,400 Concur Technologies, Inc. COM 206708109 $1,590 27,715 SH SOLE 215 27,500 Coach, Inc. COM 189754104 $10,060 130,175 SH SOLE 175 130,000 Covidien plc SHS G2554F105 $31,430 574,800 SH SOLE 6,700 568,100 Copart, Inc. COM 217204106 $44,465 1,705,600 SH SOLE 6,000 1,699,600 Computer Programs and Systems, ICOM 205306103 $6,104 107,995 SH SOLE 695 107,300 Crocs, Inc. COM 227046109 $2,420 115,675 SH SOLE 675 115,000 CARBO Ceramics Inc. COM 140781105 $3,730 35,370 SH SOLE 370 35,000 Cirrus Logic, Inc. COM 172755100 $3,355 140,975 SH SOLE 975 140,000 Computer Services, Inc. COM 20539A105 $1,613 48,866 SH SOLE 800 48,066 Covance Inc. COM 222816100 $767 16,100 SH SOLE 3,500 12,600 CVS/Caremark Corp. COM 126650100 $125 2,792 SH SOLE 2,792 Chevron Corporation COM 166764100 $408 3,800 SH SOLE 1,300 2,500 Concho Resources Inc. COM 20605P101 $4,601 45,075 SH SOLE 75 45,000 Cyberonics, Inc. COM 23251P102 $2,899 76,035 SH SOLE 1,035 75,000 Deckers Outdoor Corporation COM 243537107 $6,381 101,200 SH SOLE 101,200 Digital Realty Trust, Inc. COM 253868103 $10,156 137,300 SH SOLE 5,500 131,800 Dorchester Minerals, L.P. COM UNIT 25820R105 $5,801 220,900 SH SOLE 900 220,000 Darden Restaurants, Inc. COM 237194105 $4,876 95,300 SH SOLE 300 95,000 Dril-Quip, Inc. COM 262037104 $2,653 40,800 SH SOLE 300 40,500 Duff & Phelps Corporation CL A 26433B107 $4,776 307,348 SH SOLE 16,885 290,463 Duke Energy Corporation COM 26441C105 $6 300 SH SOLE 300 0 DaVita, Inc. COM 23918K108 $24,422 270,840 SH SOLE 2,340 268,500 DexCom, Inc. COM 252131107 $1,260 120,775 SH SOLE 775 120,000 Echo Global Logistics, Inc. COM 27875T101 $3,229 200,545 SH SOLE 3,245 197,300 Ecolab Inc. COM 278865100 $8,299 134,470 SH SOLE 3,870 130,600 EMC Corporation COM 268648102 $374 12,500 SH SOLE 4,500 8,000 Emerson Electric Co. COM 291011104 $5,301 101,600 SH SOLE 4,300 97,300 Bottomline Technologies (de), InCOM 101388106 $3,395 121,525 SH SOLE 1,525 120,000 Eaton Corporation COM 278058102 $7,475 150,000 SH SOLE 150,000 Expeditors Int'l of Washington, COM 302130109 $6,660 143,200 SH SOLE 200 143,000 Exponent, Inc. COM 30214U102 $2,930 60,380 SH SOLE 380 60,000 Express, Inc. COM 30219E103 $3,393 135,820 SH SOLE 820 135,000 Fastenal Co. COM 311900104 $11,522 212,985 SH SOLE 585 212,400 Factset Research Systems Inc. COM 303075105 $2,495 25,195 SH SOLE 195 25,000 FirstEnergy Corporation COM 337932107 $64 1,400 SH SOLE 1,400 0 First Financial Bancorp. COM 320209109 $1,284 74,239 SH SOLE 845 73,394 Federated Investors, Inc. CL B 314211103 $25 1,100 SH SOLE 1,100 0 Fidelity National Information SeCOM 31620M106 $6,992 211,124 SH SOLE 275 210,849 Fiserv, Inc. COM 337738108 $49,908 719,237 SH SOLE 5,800 713,437 FLIR Systems, Inc. COM 302445101 $7,221 285,305 SH SOLE 1,805 283,500 FleetCor Technologies, Inc. COM 339041105 $3,686 95,075 SH SOLE 75 95,000 Finisar Corporation COM 31787A507 $2,970 147,375 SH SOLE 2,375 145,000 Fortinet COM 34959E109 $3,478 125,800 SH SOLE 800 125,000 Frontier Communications Corp COM 35906A108 $730 175,000 SH SOLE 175,000 Glacier Bancorp, Inc. COM 37637Q105 $1,804 120,725 SH SOLE 725 120,000 Greif, Inc. CL B 397624206 $3,633 64,000 SH SOLE 1,600 62,400 Graco, Inc. COM 384109104 $2,280 42,965 SH SOLE 315 42,650 Gilead Sciences, Inc. COM 375558103 $56,568 1,158,000 SH SOLE 6,800 1,151,200 Gentex Corporation COM 371901109 $6,916 282,275 SH SOLE 1,475 280,800 Genuine Parts Company COM 372460105 $100 1,600 SH SOLE 1,600 0 W.W. Grainger, Inc. COM 384802104 $65,068 302,910 SH SOLE 1,800 301,110 HCC Insurance Holdings, Inc. COM 404132102 $1,648 52,870 SH SOLE 770 52,100 Healthcare Services Group, Inc. COM 421906108 $24,545 1,153,958 SH SOLE 19,135 1,134,823 Home Depot, Inc. (The) COM 437076102 $45 900 SH SOLE 900 Helix Energy Solutions Group, InCOM 42330P107 $25 1,400 SH SOLE 1,400 0 Starwood Hotels & Resorts WorldwCOM 85590A401 $4,519 80,110 SH SOLE 110 80,000 Helmerich & Payne, Inc. COM 423452101 $2,702 50,080 SH SOLE 80 50,000 Hormel Foods Corporation COM 440452100 $5,671 192,100 SH SOLE 300 191,800 Harris Corp. COM 413875105 $329 7,300 SH SOLE 4,800 2,500 Hub Group, Inc. - Class A CL A 443320106 $2,722 75,560 SH SOLE 560 75,000 Huron Consulting Group Inc. COM 447462102 $3,055 81,330 SH SOLE 1,330 80,000 iShares iBoxx $ High Yield CorpoHIGH YLD CORP 464288513 $45 500 SH SOLE 500 IBERIABANK Corporation COM 450828108 $2,725 50,955 SH SOLE 655 50,300 IDEX Corporation COM 45167R104 $10,376 246,275 SH SOLE 825 245,450 InterContinental Hotels Group PLSPONS ADR NEW 45857P301 $7,904 340,415 SH SOLE 415 340,000 IHS Inc. CL A 451734107 $10,789 115,205 SH SOLE 205 115,000 II-VI Incorporated COM 902104108 $24 1,000 SH SOLE 1,000 0 Informatica Corporation COM 45666Q102 $5,298 100,145 SH SOLE 645 99,500 Summit Hotel Properties, Inc. COM 866082100 $4,182 551,775 SH SOLE 1,775 550,000 Intel Corporation COM 458140100 $793 28,200 SH SOLE 11,600 16,600 InnerWorkings, Inc. COM 45773Y105 $3,209 275,470 SH SOLE 5,470 270,000 Illinois Tool Works Inc. COM 452308109 $617 10,800 SH SOLE 5,400 5,400 Jarden Corporation COM 471109108 $10,446 259,650 SH SOLE 1,450 258,200 J.B. Hunt Transport Services, InCOM 445658107 $163 3,000 SH SOLE 3,000 0 Johnson Controls, Inc. COM 478366107 $37,989 1,169,600 SH SOLE 9,300 1,160,300 Jack Henry and Associates, Inc. COM 426281101 $2,749 80,575 SH SOLE 575 80,000 Jos. A. Bank Clothiers, Inc. COM 480838101 $36,778 729,575 SH SOLE 1,275 728,300 Nordstrom, Inc. COM 655664100 $6,115 109,740 SH SOLE 140 109,600 Kirby Corporation COM 497266106 $33,309 506,300 SH SOLE 900 505,400 Kinder Morgan Energy Partners, LUT LTD PARTNER 494550106 $25 300 SH SOLE 300 0 Kinder Morgan Management, LLC SHS 49455U100 $56,782 760,844 SH SOLE 110 760,734 CarMax, Inc. COM 143130102 $10,240 295,525 SH SOLE 5,325 290,200 Kohl's Corp. COM 500255104 $495 9,900 SH SOLE 3,900 6,000 Loews Corporation COM 540424108 $35,883 900,000 SH SOLE 900,000 Leggett & Platt, Incorporated COM 524660107 $5,647 245,400 SH SOLE 11,600 233,800 Liz Claiborne, Inc. COM 539320101 $3,627 271,490 SH SOLE 1,490 270,000 LKQ Corporation COM 501889208 $39,932 1,281,100 SH SOLE 300 1,280,800 Landstar System, Inc. COM 515098101 $7,804 135,200 SH SOLE 200 135,000 Leucadia National Corporation COM 527288104 $40,058 1,534,785 SH SOLE 1,534,785 MasterCard Incorporated CL A 57636Q104 $67,869 161,386 SH SOLE 786 160,600 Mid-America Apartment CommunitieCOM 59522J103 $4,022 60,000 SH SOLE 60,000 Masimo Corporation COM 574795100 $3,082 131,815 SH SOLE 1,815 130,000 Mattel, Inc. COM 577081102 $4,999 148,500 SH SOLE 1,500 147,000 McDonald's Corporation COM 580135101 $491 5,000 SH SOLE 2,700 2,300 Microchip Technology Inc. COM 595017104 $27,662 743,590 SH SOLE 11,840 731,750 MICROS Systems, Inc. COM 594901100 $3,050 55,160 SH SOLE 660 54,500 Mercury General Corp. COM 589400100 $79 1,800 SH SOLE 400 1,400 Meredith Corporation COM 589433101 $2,422 74,600 SH SOLE 1,800 72,800 Allscripts Healthcare Solutions,COM 01988P108 $9,285 559,350 SH SOLE 3,350 556,000 MercadoLibre, Inc. COM 58733R102 $4,914 50,250 SH SOLE 250 50,000 Middleby Corporation (The) COM 596278101 $3,806 37,620 SH SOLE 520 37,100 Mobile Mini, Inc. COM 60740F105 $2,957 140,030 SH SOLE 2,330 137,700 McCormick & Company, Inc. COM 579780206 $7,958 146,200 SH SOLE 4,700 141,500 Marsh & McLennan Companies, Inc.COM 571748102 $7,852 239,475 SH SOLE 10,075 229,400 Merit Medical Systems, Inc. COM 589889104 $2,710 218,235 SH SOLE 3,235 215,000 Monmouth Real Estate Investment CL A 609720107 $6,712 689,100 SH SOLE 8,580 680,520 Monro Muffler Brake, Inc. COM 610236101 $3,255 78,450 SH SOLE 950 77,500 Altria Group, Inc. COM 02209S103 $4,198 136,000 SH SOLE 1,000 135,000 Modine Manufacturing Company COM 607828100 $2,531 286,675 SH SOLE 1,675 285,000 Molex Incorporated CL A 608554200 $33,462 1,426,950 SH SOLE 17,250 1,409,700 Morningstar, Inc. COM 617700109 $25,023 396,880 SH SOLE 380 396,500 Marten Transport, Ltd. COM 573075108 $2,912 131,955 SH SOLE 1,955 130,000 MSCI Inc. CL A 55354G100 $6,449 175,190 SH SOLE 190 175,000 Microsoft Corporation COM 594918104 $680 21,100 SH SOLE 9,500 11,600 MSC Industrial Direct Co., Inc. CL A 553530106 $3,250 39,020 SH SOLE 720 38,300 Mettler-Toledo International IncCOM 592688105 $38,151 206,500 SH SOLE 1,250 205,250 MWI Veterinary Supply, Inc. COM 55402X105 $3,568 40,550 SH SOLE 550 40,000 Neogen Corporation COM 640491106 $2,666 68,235 SH SOLE 735 67,500 National HealthCare Corporation COM 635906100 $2,278 50,000 SH SOLE 50,000 Annaly Capital Management, Inc. COM 035710409 $712 45,000 SH SOLE 45,000 National Presto Industries, Inc.COM 637215104 $4,650 61,300 SH SOLE 61,300 Inergy, L.P. UNIT LTD PTNR 456615103 $3,886 237,380 SH SOLE 237,380 Novartis AG SPONSORED ADR 66987V109 $5,281 95,300 SH SOLE 300 95,000 NxStage Medical, Inc. COM 67072V103 $968 50,250 SH SOLE 250 50,000 Omnicell, Inc. COM 68213N109 $2,929 192,600 SH SOLE 2,600 190,000 Higher One Holdings, Inc. COM 42983D104 $2,260 151,200 SH SOLE 1,200 150,000 Old Republic International CorpoCOM 680223104 $5,286 501,000 SH SOLE 1,000 500,000 O'Reilly Automotive, Inc. COM 67103H107 $74,625 816,914 SH SOLE 3,550 813,364 Oshkosh Corporation COM 688239201 $12,417 535,889 SH SOLE 535,889 Plains All American Pipeline, L.UNIT LTD PARTN 726503105 $2,157 27,500 SH SOLE 700 26,800 Penske Automotive Group, Inc. COM 70959W103 $20,117 816,760 SH SOLE 600 816,160 VeriFone Systems, Inc. COM 92342Y109 $6,061 116,845 SH SOLE 145 116,700 Paychex, Inc. COM 704326107 $20,487 661,100 SH SOLE 8,300 652,800 Pepsico, Inc. COM 713448108 $604 9,100 SH SOLE 2,900 6,200 PETsMART, INC. COM 716768106 $8,594 150,200 SH SOLE 200 150,000 Pfizer Inc. COM 717081103 $5,219 230,300 SH SOLE 7,300 223,000 Polaris Industries Inc. COM 731068102 $3,613 50,075 SH SOLE 75 50,000 Pier 1 Imports, Inc. COM 720279108 $3,018 166,000 SH SOLE 1,000 165,000 Douglas Dynamics, Inc. COM 25960R105 $3,123 227,100 SH SOLE 227,100 Philip Morris International Inc.COM 718172109 $68,008 767,500 SH SOLE 500 767,000 PAA Natural Gas Storage, L.P. UNIT LTD PTNR 693139107 $5,320 280,000 SH SOLE 280,000 Pentair, Inc. COM 709631105 $8,344 175,250 SH SOLE 250 175,000 Insulet Corporation COM 45784P101 $2,398 125,300 SH SOLE 900 124,400 PriceSmart, Inc. COM 741511109 $9,677 132,905 SH SOLE 405 132,500 Ryder System, Inc. COM 783549108 $5,174 98,000 SH SOLE 700 97,300 Regal-Beloit Corporation COM 758750103 $3,132 47,780 SH SOLE 280 47,500 Robbins & Myers, Inc. COM 770196103 $3,145 60,425 SH SOLE 425 60,000 RF Micro Devices,Inc. COM 749941100 $1,213 243,650 SH SOLE 3,650 240,000 Red Hat, Inc. COM 756577102 $9,295 155,200 SH SOLE 200 155,000 Raymond James Financial, Inc. COM 754730109 $8,409 230,200 SH SOLE 200 230,000 Rocky Mountain Chocolate FactoryCOM PAR $0.03 774678403 $1,778 191,965 SH SOLE 5,250 186,715 ResMed Inc. COM 761152107 $8,261 267,250 SH SOLE 1,450 265,800 RBC Bearings COM 75524B104 $3,019 65,435 SH SOLE 435 65,000 Rosetta Resources, Inc. COM 777779307 $2,945 60,405 SH SOLE 405 60,000 RPM International, Inc. COM 749685103 $8,469 323,362 SH SOLE 19,506 303,856 Cohen & Steers Quality Income ReCOM 19247L106 $18,766 1,910,950 SH SOLE 1,910,950 Republic Services, Inc. COM 760759100 $34,343 1,123,800 SH SOLE 8,900 1,114,900 Riverbed Technology, Inc. COM 768573107 $5,666 201,790 SH SOLE 290 201,500 Sally Beauty Holdings, Inc. COM 79546E104 $16,983 684,786 SH SOLE 684,786 Sabra Health Care REIT, Inc. COM 78573L106 $6,721 408,800 SH SOLE 3,800 405,000 Stepan Company COM 858586100 $38,977 443,925 SH SOLE 200 443,725 Select Comfort Corporation COM 81616X103 $5,036 155,465 SH SOLE 465 155,000 Seneca Foods Corporation CL A 817070501 $20,408 774,800 SH SOLE 774,800 Signet Jewelers Limited SHS G81276100 $12,056 255,000 SH SOLE 255,000 Selective Insurance Group, Inc. COM 816300107 $1 60 SH SOLE 60 0 Siron Dental Systems, Inc. COM 82966C103 $17,670 342,850 SH SOLE 5,050 337,800 Solera Holdings, Inc. COM 83421A104 $10,128 220,700 SH SOLE 220,700 SM Energy Company COM 792228108 $2,254 31,855 SH SOLE 255 31,600 Snap-on Incorporated COM 833034101 $57,762 947,385 SH SOLE 7,885 939,500 SanDisk Corporation COM 80004C101 $6,457 130,200 SH SOLE 200 130,000 Sun Hydraulics Corporation COM 866942105 $1,929 73,725 SH SOLE 600 73,125 Standard Parking Corporation COM 853790103 $3,328 162,360 SH SOLE 2,360 160,000 SolarWinds, Inc. COM 83416B109 $2,146 55,515 SH SOLE 515 55,000 Skyworks Solutions, Inc. COM 83088M102 $9,172 331,735 SH SOLE 1,735 330,000 Swisher Hygiene, Inc. COM 870808102 $1,005 408,487 SH SOLE 5,850 402,637 Sensient Technologies CorporatioCOM 81725T100 $2,679 70,510 SH SOLE 510 70,000 Stryker Corporation COM 863667101 $7,576 136,550 SH SOLE 7,950 128,600 Sysco Corporation COM 871829107 $609 20,400 SH SOLE 8,700 11,700 AT&T Inc. COM 00206R102 $4,731 151,500 SH SOLE 3,500 148,000 Teradata Corporation COM 88076W103 $8,192 120,210 SH SOLE 210 120,000 TransDigm Group Incorporated COM 893641100 $3,477 30,040 SH SOLE 40 30,000 Tidewater Inc. COM 886423102 $502 9,300 SH SOLE 3,700 5,600 Integrys Energy Group, Inc. COM 45822P105 $4,409 83,200 SH SOLE 1,200 82,000 Teva Pharmaceutical Industries LADR 881624209 $40,401 896,600 SH SOLE 5,500 891,100 Thoratec Corporation COM 885175307 $1,863 55,280 280 55,000 TIBCO Software Inc. COM 88632Q103 $6,263 205,350 SH SOLE 350 205,000 TJX Companies, Inc. (The) COM 872540109 $9,743 245,350 SH SOLE 350 245,000 Thermo Fisher Scientific Inc. COM 883556102 $53,264 944,736 SH SOLE 5,695 939,041 TOTAL S.A. SPONSORED ADR 89151E109 $5,623 110,000 SH SOLE 110,000 DealerTrack Holdings, Inc. COM 242309102 $3,400 112,370 SH SOLE 670 111,700 T. Rowe Price Group, Inc. COM 74144T108 $7,532 115,350 SH SOLE 4,150 111,200 Travelers Companies, Inc. (The) COM 89417E109 $786 13,285 SH SOLE 6,084 7,201 Tupperware Brands Corporation COM 899896104 $16,287 256,495 SH SOLE 1,495 255,000 Texas Roadhouse, Inc. COM 882681109 $13 800 SH SOLE 800 0 Unilever PLC SPON ADR NEW 904767704 $4,297 130,000 SH SOLE 130,000 Ulta Salon, Cosmetics & FragrancCOM 903845303 $4,669 50,265 SH SOLE 265 50,000 United Natural Foods, Inc. COM 911163103 $3,288 70,465 SH SOLE 465 70,000 Uti Worldwide Inc. ORD G87210103 $5,436 315,500 SH SOLE 500 315,000 Valspar Corporation (The) COM 920355104 $97 2,000 SH SOLE 2,000 Meridian Bioscience, Inc. COM 589584101 $165 8,500 SH SOLE 8,500 Vera Bradley, Inc. COM 92335C106 $2,428 80,415 SH SOLE 415 80,000 Valeant Pharmaceuticals InternatCOM 91911K102 $59,724 1,112,385 SH SOLE 7,385 1,105,000 Westinghouse Air Brake TechnologCOM 929740108 $9,057 120,165 SH SOLE 165 120,000 Walgreen Co. COM 931422109 $53,818 1,607,000 SH SOLE 10,500 1,596,500 Waste Connections, Inc. COM 941053100 $311 9,550 SH SOLE 750 8,800 Waddell & Reed Financial, Inc. CL A 930059100 $4,154 128,170 SH SOLE 9,270 118,900 Wendy's Company (The) COM 950587105 $2,620 523,050 SH SOLE 3,050 520,000 Weyco Group, Inc. COM 962149100 $12 500 SH SOLE 500 0 Wells Fargo & Company COM 949746101 $30,863 904,000 SH SOLE 904,000 Wachovia Corporation 7.50% Non-CPERP PFD CNV A 949746804 $1,116 1,000 SH SOLE 1,000 Whiting Petroleum Corporation COM 966387102 $7,594 139,850 SH SOLE 3,150 136,700 Waste Management, Inc. COM 94106L109 $217 6,200 SH SOLE 1,900 4,300 W.P. Carey & Co. LLC COM 92930Y107 $5,287 113,800 SH SOLE 113,800 W.R. Berkley Corporation COM 084423102 $982 27,200 SH SOLE 7,800 19,400 Willis Group Holdings Ltd. SHS G96655108 $8,600 245,865 SH SOLE 10,265 235,600 Woodward Inc. COM 980745103 $33,794 789,020 SH SOLE 325 788,695 DENTSPLY International Inc. COM 249030107 $9,378 233,680 SH SOLE 8,880 224,800 Zebra Technologies Corp. CL A 989207105 $6,743 163,750 SH SOLE 163,750 Zumiez Inc. COM 989817101 $3,811 105,540 SH SOLE 540 105,000 $2,665,156

Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ---------- Form 13F Information Table Entry Total: 260 ---------- Form 13F Information Table Value Total: $2,665,156 ---------- (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