0000910662-12-000196.txt : 20120515 0000910662-12-000196.hdr.sgml : 20120515 20120515165223 ACCESSION NUMBER: 0000910662-12-000196 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Polar Capital LLP CENTRAL INDEX KEY: 0001439303 IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13167 FILM NUMBER: 12845615 BUSINESS ADDRESS: STREET 1: 4 MATTHEW PARKER STREET CITY: LONDON STATE: X0 ZIP: E14 9NY BUSINESS PHONE: 02072272758 MAIL ADDRESS: STREET 1: 4 MATTHEW PARKER STREET CITY: LONDON STATE: X0 ZIP: E14 9NY 13F-HR 1 polarcap13f.txt 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: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Polar Capital LLP ----------------- Address: 4 Matthew Parker Street ----------------------- London SW1H 9NP ----------------------- England ----------------------- Form 13F File Number: 028-13167 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: Compliance Administrator: Name: Boura Tomlinson ---------------------------- Title: Head of Legal and Compliance ---------------------------- Phone: +44 (0) 20 7227 2758 ---------------------------- Signature, Place, and Date of Signing: /s/Boura Tomlinson ------------------ [Signature] London, England --------------- [City, State] May 15, 2012 ------------ [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 SUMMARY PAGE REPORT SUMMARY: Number of Other Included Managers: 0 -------------------------------------------------------------------------------- Form 13F Information Table Entry Total: 242 -------------------------------------------------------------------------------- Form 13F Information Table Value Total: $1,846,804.84 (thousands) -------------------------------------------------------------------------------- FORM 13F INFORMATION TABLE

TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT ---------------- ----------- ------- --- ---- ---------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION ----------------------------------------------- ---------------- ------------ ----------- ------- --- ---- ---------- 8X8 Inc COM 282914 10 0 739.80 176143 SH SOLE Abbott Labs COM 002824 10 0 13,609.96 222125 SH SOLE ACE SHS H0023R 10 5 26,120.32 356835 SH SOLE Adobe Systems COM 00724F 10 1 10,325.32 300942 SH SOLE ADVANCE AUTO PARTS INC COM 00751Y 10 6 3,965.81 44776 SH SOLE Advisory Board COM 00762W 10 7 3,101.70 35000 SH SOLE Aetna COM 00817Y 10 8 2,390.63 47660 SH SOLE Agilent Techs COM 00846U 10 1 4,451.00 100000 SH SOLE Air Methods COM PAR $.06 009128 30 7 3,493.58 40041 SH SOLE Alexion Pharmaceuticals COM 015351 10 9 4,178.70 45000 SH SOLE Alleghany COM 017175 10 0 21,689.34 65905 SH SOLE ALLERGAN INC COM 018490 10 2 7,156.75 75000 SH SOLE Allied World Assurance SHS H01531 10 4 6,180.30 90000 SH SOLE Altera COM 021441 10 0 11,362.44 285345 SH SOLE Alterra Capital Holdings COM G0229R 10 8 12,225.36 532000 SH SOLE ALTRIA GROUP INC COM 02209S 10 3 2,109.93 68349 SH SOLE Amazon.Com COM 023135 10 6 4,799.49 23700 SH SOLE Amdocs ORD G02602 10 3 3,789.60 120000 SH SOLE Amerigroup COM 03073T 10 2 4,171.36 62000 SH SOLE Amsurg Corp COM 03232P 40 5 3,647.63 130373 SH SOLE Anaren Microwave COM 032744 10 4 2,018.50 110000 SH SOLE AON CORP COM 037389 10 3 6,132.50 125000 SH SOLE Apple Computers COM 037833 10 0 161,986.45 270219 SH SOLE Arch Capital Group ORD G0450A 10 5 26,432.21 709780 SH SOLE Ariba COM NEW 04033V 20 3 11,227.96 343415 SH SOLE Aruba Networks COM 043176 10 6 10,312.98 462991 SH SOLE Asiainfo COM 04518A 10 4 1,512.00 120000 SH SOLE ASM International NY REGISTER SH N07045 10 2 2,239.34 58183 SH SOLE AutoNavi Holdings Limited SPON ADR 05330F 10 6 6,989.67 556946 SH SOLE AUTOZONE INC COM 053332 10 2 2,271.33 6109 SH SOLE AXIS CAPITAL HOLDINGS LTD SHS G0692U 10 9 8,624.20 260000 SH SOLE Baidu SPON ADR REP A 056752 10 8 13,986.63 95950 SH SOLE Banco Itau SPON ADR REP PFD 465562 10 6 309.92 16150 SH SOLE Bank of New York Mellon COM 064058 10 0 422.56 17512 SH SOLE BAXTER INTERNATIONAL INC COM 071813 10 9 1,792.50 30000 SH SOLE Berkley WR COM 084423 10 2 19,905.52 551094 SH SOLE BERKSHIRE HATHAWAY INC CL B NEW 084670 70 2 23,716.41 292254 SH SOLE Biogen Idec COM 09062X 10 3 3,842.09 30500 SH SOLE Biomarin Pharmaceutical COM 09061G 10 1 4,280.50 125000 SH SOLE BLACKSTONE GROUP LP/THE COM UNIT LTD 09253U 10 8 3,925.74 246282 SH SOLE Bristol Myers Squibb COM 110122 10 8 7,087.50 210000 SH SOLE Broadcom A CL A 111320 10 7 12,509.19 318300 SH SOLE BroadSoft Inc COM 11133B 40 9 5,137.13 134304 SH SOLE Brookdale Senior Living COM 112463 10 4 3,744.00 200000 SH SOLE Caci Intl Inc NOTE 2.125% 5/0 127190 AD 8 1,240.00 1000000 PR SOLE Camelot Information Sys ADS RP ORD SHS 13322V 10 5 822.78 218825 SH SOLE CAPITAL ONE FINANCIAL CORP COM 14040H 10 5 3,157.84 56653 SH SOLE Cardinal Health COM 14149Y 10 8 1,509.20 35000 SH SOLE Cavium Networks COM 14964U 10 8 8,080.26 261159 SH SOLE CBS CORP COM 124857 20 2 4,338.61 127945 SH SOLE COMPANHIA ENERGETICA DE MINA SPON ADR 204409 60 1 642.06 27000 SH SOLE CERNER CORP COM 156782 10 4 2,284.50 30000 SH SOLE Check Point Software Tech Lt ORD M22465 10 4 13,160.55 206166 SH SOLE China Kanghui Holdings SPON ADR 16890V 10 0 666.05 35000 SH SOLE CHUBB CORP COM 171232 10 1 11,057.60 160000 SH SOLE Chunghwa Telecom SPON ADR 17133Q 50 2 510.00 16580 SH SOLE Cisco Systems COM 17275R 10 2 18,905.99 893900 SH SOLE Citigroup COM NEW 172967 42 4 357.82 9790 SH SOLE Citrix Systems COM 177376 10 0 16,742.73 212175 SH SOLE Coca Cola COM 191216 10 0 3,157.86 42668 SH SOLE Cognizant Technology Solutions CL A 192446 10 2 15,195.01 197466 SH SOLE Coherent Inc COM 192479 10 3 4,684.19 80305 SH SOLE COLGATE-PALMOLIVE CO COM 194162 10 3 1,910.33 19537 SH SOLE Commvault Services COM 204166 10 2 1,849.09 37250 SH SOLE Comscore COM 20564W 10 5 5,192.55 242756 SH SOLE Concur Technologies COM 206708 10 9 9,583.77 167038 SH SOLE COOPER COS INC/THE COM NEW 216648 40 2 3,268.40 40000 SH SOLE Corning COM 219350 10 5 2,372.76 168400 SH SOLE Covidien SHS G2554F 11 3 10,646.47 194722 SH SOLE Credicorp COM G2519Y 10 8 356.70 2706 SH SOLE CSX COM 126408 10 3 1,899.96 88288 SH SOLE Cubist Pharmaceuticals Inc COM 229678 10 7 3,191.85 73800 SH SOLE CUMMINS INC COM 231021 10 6 2,248.59 18732 SH SOLE CVS Caremark Corp COM 126650 10 0 3,808.00 85000 SH SOLE Cyberonics COM 23251P 10 2 4,575.30 120000 SH SOLE Cypress Semicon COM 232806 10 9 5,811.23 371800 SH SOLE DANAHER CORP COM NEW 235851 10 2 2,566.54 45831 SH SOLE Dell Inc COM 24702R 10 1 3,815.70 230000 SH SOLE DENTSPLY INTERNATIONAL INC COM 249030 10 7 3,411.05 85000 SH SOLE Deutsche Bank NAMEN AKT D18190 89 8 205.08 4120 SH SOLE Dynavax Technologies COM 268158 10 2 3,846.19 760773 SH SOLE Ebay COM 278642 10 3 17,372.11 470960 SH SOLE Elan ADR 284131 20 8 3,527.35 235000 SH SOLE ELI LILLY & CO COM 532457 10 8 8,052.00 200000 SH SOLE Ellie Mae INC COM 28849P 10 0 3,202.34 288499 SH SOLE EMC Mass COM 268648 10 2 24,349.56 815396 SH SOLE Emeritus COM 291005 10 6 618.10 35000 SH SOLE Employers Holdings COM 292218 10 4 6,641.25 375000 SH SOLE Endologix COM 29266S 10 6 4,409.11 300963 SH SOLE F5 Networks COM 315616 10 2 15,938.54 118102 SH SOLE Faro Technologies COM 311642 10 2 5,345.94 91650 SH SOLE Finisar Corp COM NEW 31787A 50 7 1,348.04 66900 SH SOLE First Republic Bank COM 33616C 10 0 353.41 10729 SH SOLE Five Star Quality Care COM 33832D 10 6 572.91 167519 SH SOLE FLOWSERVE CORP COM 34354P 10 5 2,733.66 23666 SH SOLE Fortinet Inc COM 34959E 10 9 8,694.93 314464 SH SOLE Fusion-io Inc COM 36112J 10 7 8,894.13 312968 SH SOLE Gilead Sciences COM 375558 10 3 3,272.95 67000 SH SOLE Google CL A 38259P 50 8 73,102.64 114002 SH SOLE Greenway Medical Technologies COM 39679B 10 3 535.85 35000 SH SOLE HCA Holdings COM 40412C 10 1 5,442.80 220000 SH SOLE HCC Insurance Holding COM 404132 10 2 10,909.50 350000 SH SOLE HCP COM 40414L 10 9 394.30 10000 SH SOLE HDFC Bank ADR REPS 3 SHS 40415F 10 1 1,493.58 43800 SH SOLE Health Care COM 42217K 10 6 2,197.20 40000 SH SOLE Health Management Assoc CL A 421933 10 2 3,464.62 515568 SH SOLE Healthcare Realty Trust COM 421946 10 4 1,320.00 60000 SH SOLE Healthcare Services Group COM 421906 10 8 816.17 38372 SH SOLE HENRY SCHEIN INC COM 806407 10 2 1,849.69 24441 SH SOLE Hologic COM 436440 10 1 5,495.25 255000 SH SOLE HOLOGIC INC DEBT 2.000% 3/0 436440 AC 5 2,515.00 2500000 Pr SOLE HUBBELL INC CL B 443510 20 1 1,742.20 22171 SH SOLE HUMANA INC COM 444859 10 2 5,021.66 54300 SH SOLE Incyte Genomics COM 45337C 10 2 4,053.00 210000 SH SOLE Infinera COM 45667G 10 3 8,483.12 1044719 SH SOLE Informatica COM 45666Q 10 2 6,707.53 126802 SH SOLE Infosys Techs SPON ADR 456788 10 8 2,737.44 48000 SH SOLE Insulet Corp COM 45784P 10 1 3,923.70 205000 SH SOLE Integrated Device Technology Inc. COM 458118 10 6 11,262.64 1575195 SH SOLE Intel COM 458140 10 0 37,296.11 1327328 SH SOLE Intermune Inc NOTE 2.500% 9/1 45884X AE 3 1,310.63 1500000 PR SOLE International Business Machines COM 459200 10 1 26,324.12 126098 SH SOLE INTERPUBLIC GROUP OF COS INC COM 460690 10 0 1,930.41 169186 SH SOLE Intuit COM 461202 10 3 9,557.66 158950 SH SOLE Itron COM 465741 10 6 2,497.00 55000 SH SOLE Ixia COM 45071R 10 9 9,606.86 769164 SH SOLE Jazz Pharmaceuticals COM 472147 10 7 4,103.03 84655 SH SOLE JDS Uniphase COM 46612J 50 7 5,862.65 404600 SH SOLE JOHNSON & JOHNSON COM 478160 10 4 5,277.60 80000 SH SOLE JPMORGAN CHASE & CO COM 46625H 10 0 5,505.78 119743 SH SOLE Juniper Networks COM 48203R 10 4 17,896.85 782205 SH SOLE Kenexa Corp COM 488879 10 7 2,187.50 70000 SH SOLE Laboratory Corp Amer Hdg COM NEW 50540R 40 9 2,333.45 25491 SH SOLE LAM Research COM 512807 10 8 12,267.87 274941 SH SOLE Lattice Semiconductor COM 518415 10 4 12,230.41 1901012 SH SOLE Lear Corporation COM NEW 521865 20 4 1,876.29 40359 SH SOLE LEGG MASON INC COM 524901 10 5 424.54 15200 SH SOLE LIBERTY MEDIA CORP INT COM SER A 53071M 10 4 2,428.63 127220 SH SOLE LinkedIn Corporation COM CL A 53578A 10 8 9,435.20 92500 SH SOLE LOWE'S COS INC COM 548661 10 7 3,007.27 95834 SH SOLE LSI Corp. COM 502161 10 2 10,660.78 1228200 SH SOLE MA-COM Technology Solutions COM 55405Y 10 0 5,756.37 277508 SH SOLE Markel COM 570535 10 4 11,447.97 25500 SH SOLE Marsh & McLennan Com USD1 COM 571748 10 2 14,620.08 445870 SH SOLE Marvell Tech Group ORD G5876H 10 5 7,659.30 487050 SH SOLE Mastercard CL A 57636Q 10 4 5,193.67 12350 SH SOLE Maxim Integ Products COM 57772K 10 1 5,432.10 190000 SH SOLE MCKESSON CORP COM 58155Q 10 3 3,189.91 36344 SH SOLE MEDIVATION INC NOTE 2.625% 4/0 58501N AA 9 793.13 750000 PR SOLE Medical Properties Trust COM 58463J 30 4 835.20 90000 SH SOLE Medivation Inc COM 58501N 10 1 3,287.68 44000 SH SOLE Mednax COM 58502B 10 6 3,718.50 50000 SH SOLE Merck COM 58933Y 10 5 13,429.50 350000 SH SOLE Meridian Biosciences COM 589584 10 1 774.80 40000 SH SOLE Meru Networks COM 59047Q 10 3 3,971.82 980502 SH SOLE Mettler Toledo International COM 592688 10 5 3,140.75 17000 SH SOLE MGM NOTE 4.250% 4/1 55303Q AE 0 3,183.75 3000000 PR SOLE Microchip Technology COM 595017 10 4 6,941.52 186600 SH SOLE Microsoft COM 594918 10 4 71,951.12 2231393 SH SOLE Microstrategy CL A NEW 594972 40 8 9,415.00 67250 SH SOLE SPON Mobile Telesystems ADR 607409 10 9 605.22 33000 SH SOLE Move COM NEW 62458M 20 7 2,543.09 262174 SH SOLE Nanometrics COM 630077 10 5 6,873.60 371345 SH SOLE National Health Investors COM 63633D 10 4 1,704.15 35000 SH SOLE National Instruments COM 636518 10 2 10,220.62 358424 SH SOLE Netgear COM 64111Q 10 4 10,007.10 261966 SH SOLE Netscout Systems COM 64115T 10 4 8,284.81 407316 SH SOLE Network Appliance COM 64110D 10 4 19,217.52 429297 SH SOLE Nice Systems SPON ADR 653656 10 8 8,923.42 227059 SH SOLE Novadaq Technologies Inc COM 66987G 10 2 640.83 100000 SH SOLE Nuance Communications COM 67020 10 0 4,889.62 191150 SH SOLE Nvidia COM 67066G 10 4 1,232.00 80000 SH SOLE Old Republic Intl Corp COM 680223 10 4 5,802.50 550000 SH SOLE Omega Healthcare Investors COM 681936 10 0 1,595.25 75000 SH SOLE Omnicare Inc Corp NOTE 3.750%12/1 681904 AN 8 2,180.25 1500000 PR SOLE Omnicell COM 68213N 10 9 2,737.80 180000 SH SOLE Opnet Techs COM 683757 10 8 3,196.49 110300 SH SOLE Oracle COM 68389X 10 5 37,013.25 1269532 SH SOLE Parametric Technology Corp. COM NEW 699173 20 9 2,366.52 84700 SH SOLE Partnerre Hdg COM G6852T 10 5 16,497.27 243000 SH SOLE Perkinelmer COM 714046 10 9 3,319.20 120000 SH SOLE Pervasive Software COM 715710 10 9 843.95 140893 SH SOLE Pfizer COM 717081 10 3 15,282.00 675000 SH SOLE PHILIP MORRIS INTERNATIONAL COM 718172 10 9 3,122.35 35237 SH SOLE PNC FINANCIAL SERVICES GROUP COM 693475 10 5 409.19 6345 SH SOLE Polycom COM 73172K 10 4 14,359.52 753271 SH SOLE PRICELINE.COM INC COM NEW 7415 03 40 3 8,717.63 12150 SH SOLE ProAssurance Corporation COM 74267C 10 6 11,454.30 130000 SH SOLE PROGRESSIVE CORP COM 743315 10 3 11,761.53 507400 SH SOLE PROS Holdings COM 74346Y 10 3 958.38 51250 SH SOLE QLIK Technologies COM 74733T 10 5 9,478.40 296200 SH SOLE Qualcomm COM 747525 10 3 45,557.35 669764 SH SOLE Rackspace Hosting Inc. COM 750086 10 0 4,855.20 84000 SH SOLE Radware ORD M81873 10 7 16,422.83 438644 SH SOLE Red Hat COM 756577 10 2 12,782.89 213513 SH SOLE Reinsurance Group of America COM NEW 759351 60 4 12,488.70 210000 SH SOLE RENAISSANCERE HOLDINGS LTD COM G7496G 10 3 9,466.25 125000 SH SOLE Riverbed Technology COM 768573 10 7 10,751.54 383191 SH SOLE RLI Corp COM 749607 10 7 5,373.00 75000 SH SOLE ROPER INDUSTRIES INC COM 776696 10 6 3,219.03 32463 SH SOLE Sabra Healthcare REIT COM 78573L 10 6 1,397.40 85000 SH SOLE Salesforce.com COM 79466L 30 2 16,403.67 106212 SH SOLE Sandisk COM 80004C 10 1 14,205.18 286476 SH SOLE Sciquest Com COM 80908T 10 1 5,510.52 361664 SH SOLE Semtech Corp. COM 816850 10 1 8,277.96 290863 SH SOLE Senior Housing Property Trust SH BEN INT 81721M 10 9 1,764.00 80000 SH SOLE Signature Bank COM 82669G 10 4 876.26 13900 SH SOLE Silicom Ltd ORD M84116 10 8 3,091.19 175636 SH SOLE Sina Corp. ORD G81477 10 4 5,940.55 91400 SH SOLE Sourcefire Inc COM 83616T 10 8 9,394.18 195200 SH SOLE St Jude Medical COM 790849 10 3 6,292.02 142000 SH SOLE Stratasys COM 862685 10 4 4,583.81 125515 SH SOLE SXC Health Solutions Corporation COM 78505P 10 0 3,748.00 50000 SH SOLE Sycamore Networks Inc. COM NEW 871206 40 5 4,057.00 228692 SH SOLE TD AMERITRADE HOLDING CORP COM 87236Y 10 8 1,363.09 69052 SH SOLE Telcos De Sao Paulo SPON ADR 87936R 10 6 811.70 26500 SH SOLE Teradata COM 88076W 10 3 8,992.30 131968 SH SOLE Teradyne COM 880770 10 2 4,895.20 290000 SH SOLE Teva Pharm ADR 881624 20 9 7,200.59 159800 SH SOLE Texas Insts COM 882508 10 4 9,142.93 272030 SH SOLE Threshold Pharmaceuticals COM NEW 885807 20 6 1,909.30 216966 SH SOLE Tibco Software COM 88632Q 10 3 13,253.21 434593 SH SOLE TIME WARNER INC COM NEW 887317 30 3 4,152.84 110009 SH SOLE TRAVELERS COS INC/THE COM 89417E 10 9 7,400.00 125000 SH SOLE Trius Therapeutics COM 89685K 10 0 727.06 135899 SH SOLE TYCO INTERNATIONAL LTD SHS H89128 10 4 3,413.72 60764 SH SOLE UBS AG SHS NEW H89231 33 8 296.53 21156 SH SOLE UNITED TECHNOLOGIES CORP COM 913017 10 9 2,014.03 24283 SH SOLE UNITEDHEALTH GROUP INC COM 91324P 10 2 10,233.87 173632 SH SOLE US BANCORP COM NEW 902973 30 4 317.43 10020 SH SOLE Veeco Instruments COM 922417 10 0 3,432.00 120000 SH SOLE VeriFone Holdings Inc. COM 92342Y 10 9 14,483.44 279246 SH SOLE VIACOM INC CL B 92553P 20 1 2,356.77 49658 SH SOLE VISA INC COM CL A 92826C 83 9 1,748.29 14816 SH SOLE Vmware CL A COM 928563 40 2 4,491.60 40000 SH SOLE Volterra Semiconductor Corporation COM 928708 10 6 5,638.90 163850 SH SOLE WASTE CONNECTIONS INC COM 941053 10 0 2,497.88 76787 SH SOLE Wellcare Group COM 94946T 10 6 2,731.44 38000 SH SOLE Wells Fargo & Co COM 949746 10 1 431.39 12636 SH SOLE WESCO INTERNATIONAL INC COM 95082P 10 5 1,657.76 25383 SH SOLE WILLIS GROUP HOLDINGS PLC SHS G96666 10 5 1,638.32 46836 SH SOLE Xilinx COM 983919 10 1 2,331.52 64000 SH SOLE VOTING AUTHORITY ------------------------------ NAME OF ISSUER OTHER MANAGERS SOLE SHARED NONE ----------------------------------------- -------------- ---------------- ------ ---- 8X8 Inc 176143 Abbott Labs 222125 ACE 356835 Adobe Systems 300942 ADVANCE AUTO PARTS INC 44776 Advisory Board 35000 Aetna 47660 Agilent Techs 100000 Air Methods 40041 Alexion Pharmaceuticals 45000 Alleghany 65905 ALLERGAN INC 75000 Allied World Assurance 90000 Altera 285345 Alterra Capital Holdings 532000 ALTRIA GROUP INC 68349 Amazon.Com 23700 Amdocs 120000 Amerigroup 62000 Amsurg Corp 130373 Anaren Microwave 110000 AON CORP 125000 Apple Computers 270219 Arch Capital Group 709780 Ariba 343415 Aruba Networks 462991 Asiainfo 120000 ASM International 58183 AutoNavi Holdings Limited 556946 AUTOZONE INC 6109 AXIS CAPITAL HOLDINGS LTD 260000 Baidu 95950 Banco Itau 16150 Bank of New York Mellon 17512 BAXTER INTERNATIONAL INC 30000 Berkley WR 551094 BERKSHIRE HATHAWAY INC 292254 Biogen Idec 30500 Biomarin Pharmaceutical 125000 BLACKSTONE GROUP LP/THE 246282 Bristol Myers Squibb 210000 Broadcom A 318300 BroadSoft Inc 134304 Brookdale Senior Living 200000 Caci Intl Inc 1000000 Camelot Information Sys 218825 CAPITAL ONE FINANCIAL CORP 56653 Cardinal Health 35000 Cavium Networks 261159 CBS CORP 127945 COMPANHIA ENERGETICA DE MINA 27000 CERNER CORP 30000 Check Point Software Tech Lt 206166 China Kanghui Holdings 35000 CHUBB CORP 160000 Chunghwa Telecom 16580 Cisco Systems 893900 Citigroup 9790 Citrix Systems 212175 Coca Cola 42668 Cognizant Technology Solutions 197466 Coherent Inc 80305 COLGATE-PALMOLIVE CO 19537 Commvault Services 37250 Comscore 242756 Concur Technologies 167038 COOPER COS INC/THE 40000 Corning 168400 Covidien 194722 Credicorp 2706 CSX 88288 Cubist Pharmaceuticals Inc 73800 CUMMINS INC 18732 CVS Caremark Corp 85000 Cyberonics 120000 Cypress Semicon 371800 DANAHER CORP 45831 Dell Inc 230000 DENTSPLY INTERNATIONAL INC 85000 Deutsche Bank 4120 Dynavax Technologies 760773 Ebay 470960 Elan 235000 ELI LILLY & CO 200000 Ellie Mae INC 288499 EMC Mass 815396 Emeritus 35000 Employers Holdings 375000 Endologix 300963 F5 Networks 118102 Faro Technologies 91650 Finisar Corp 66900 First Republic Bank 10729 Five Star Quality Care 167519 FLOWSERVE CORP 23666 Fortinet Inc 314464 Fusion-io Inc 312968 Gilead Sciences 67000 Google 114002 Greenway Medical Technologies 35000 HCA Holdings 220000 HCC Insurance Holding 350000 HCP 10000 HDFC Bank 43800 Health Care 40000 Health Management Assoc 515568 Healthcare Realty Trust 60000 Healthcare Services Group 38372 HENRY SCHEIN INC 24441 Hologic 255000 HOLOGIC INC 2500000 HUBBELL INC 22171 HUMANA INC 54300 Incyte Genomics 210000 Infinera 1044719 Informatica 126802 Infosys Techs 48000 Insulet Corp 205000 Integrated Device Technology Inc. 1575195 Intel 1327328 Intermune Inc 1500000 International Business Machines 126098 INTERPUBLIC GROUP OF COS INC 169186 Intuit 158950 Itron 55000 Ixia 769164 Jazz Pharmaceuticals 84655 JDS Uniphase 404600 JOHNSON & JOHNSON 80000 JPMORGAN CHASE & CO 119743 Juniper Networks 782205 Kenexa Corp 70000 Laboratory Corp Amer Hdg 25491 LAM Research 274941 Lattice Semiconductor 1901012 Lear Corporation 40359 LEGG MASON INC 15200 LIBERTY MEDIA CORP 127220 LinkedIn Corporation 92500 LOWE'S COS INC 95834 LSI Corp. 1228200 MA-COM Technology Solutions 277508 Markel 25500 Marsh & McLennan Com USD1 445870 Marvell Tech Group 487050 Mastercard 12350 Maxim Integ Products 190000 MCKESSON CORP 36344 MEDIVATION INC 750000 Medical Properties Trust 90000 Medivation Inc 44000 Mednax 50000 Merck 350000 Meridian Biosciences 40000 Meru Networks 980502 Mettler Toledo International 17000 MGM 3000000 Microchip Technology 186600 Microsoft 2231393 Microstrategy 67250 Mobile Telesystems 33000 Move 262174 Nanometrics 371345 National Health Investors 35000 National Instruments 358424 Netgear 261966 Netscout Systems 407316 Network Appliance 429297 Nice Systems 227059 Novadaq Technologies Inc 100000 Nuance Communications 191150 Nvidia 80000 Old Republic Intl Corp 550000 Omega Healthcare Investors 75000 Omnicare Inc Corp 1500000 Omnicell 180000 Opnet Techs 110300 Oracle 1269532 Parametric Technology Corp. 84700 Partnerre Hdg 243000 Perkinelmer 120000 Pervasive Software 140893 Pfizer 675000 PHILIP MORRIS INTERNATIONAL 35237 PNC FINANCIAL SERVICES GROUP 6345 Polycom 753271 PRICELINE.COM INC 12150 ProAssurance Corporation 130000 PROGRESSIVE CORP 507400 PROS Holdings 51250 QLIK Technologies 296200 Qualcomm 669764 Rackspace Hosting Inc. 84000 Radware 438644 Red Hat 213513 Reinsurance Group of America 210000 RENAISSANCERE HOLDINGS LTD 125000 Riverbed Technology 383191 RLI Corp 75000 ROPER INDUSTRIES INC 32463 Sabra Healthcare REIT 85000 Salesforce.com 106212 Sandisk 286476 Sciquest Com 361664 Semtech Corp. 290863 Senior Housing Property Trust 80000 Signature Bank 13900 Silicom Ltd 175636 Sina Corp. 91400 Sourcefire Inc 195200 St Jude Medical 142000 Stratasys 125515 SXC Health Solutions Corporation 50000 Sycamore Networks Inc. 228692 TD AMERITRADE HOLDING CORP 69052 Telcos De Sao Paulo 26500 Teradata 131968 Teradyne 290000 Teva Pharm 159800 Texas Insts 272030 Threshold Pharmaceuticals 216966 Tibco Software 434593 TIME WARNER INC 110009 TRAVELERS COS INC/THE 125000 Trius Therapeutics NPV 135899 TYCO INTERNATIONAL LTD 60764 UBS AG 21156 UNITED TECHNOLOGIES CORP 24283 UNITEDHEALTH GROUP INC 173632 US BANCORP 10020 Veeco Instruments 120000 VeriFone Holdings Inc. 279246 VIACOM INC 49658 VISA INC 14816 Vmware 40000 Volterra Semiconductor Corporation 163850 WASTE CONNECTIONS INC 76787 Wellcare Group 38000 Wells Fargo & Co 12636 WESCO INTERNATIONAL INC 25383 WILLIS GROUP HOLDINGS PLC 46836 Xilinx 64000