0000910662-13-000045.txt : 20130214 0000910662-13-000045.hdr.sgml : 20130214 20130214164226 ACCESSION NUMBER: 0000910662-13-000045 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 EFFECTIVENESS DATE: 20130214 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: 13615019 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: December 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] February 14, 2013 ------------------ [Date] Report Type (Check only one.): [ ] 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: 236 -------------------------------------------------------------------------------- Form 13F Information Table Value Total: $2,124,292.374 (thousands) -------------------------------------------------------------------------------- FORM 13F INFORMATION TABLE

TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER ---------------- ------------ --------- --- ---- ---------- -------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS --------------------------------- ---------------- ----------- ------------ --------- --- ---- ---------- -------- Abbott Labs COM 002824 10 0 9171.4 140,000 SH SOLE Acadia Healthcare Co Inc COM 00404A 10 9 6531.95 280,000 SH SOLE ACE LTD SHS H0023R 10 5 40840.044 511,780 SH SOLE Acme Packet COM 004764 10 6 6360.7166 287,555 SH SOLE Adobe Systems COM 00724F 10 1 14097.40806 374,192 SH SOLE ADT Corp/The COM 00101J 10 6 6213.94638 133,662 SH SOLE ADVANCE AUTO PARTS INC COM 00751Y 10 6 5129.7597 70,902 SH SOLE Aetna New COM 00817Y 10 8 12929.8306 279,262 SH SOLE Affymax COM 00826A 10 9 2208.77808 116,262 SH SOLE AFLAC INC COM 001055 10 2 6985.22688 131,499 SH SOLE Agilent Techs COM 00846U 10 1 8451.33995 206,421 SH SOLE Air Methods COM PAR 0.06 009128 30 7 6199.98 168,000 SH SOLE Akamai Techs COM 00971T 10 1 11509.0953 281,372 SH SOLE Align Tech COM 016255 10 1 2230.296 80,400 SH SOLE Alleghany COM 017175 10 0 23060.125 68,750 SH SOLE Allied World Assurance SHS H01531 10 4 7289 92,500 SH SOLE Altera COM 021441 10 0 6862.9928 199,245 SH SOLE Alterra Capital Holdings COM G0229R 10 8 14517.85 515,000 SH SOLE Amazon.Com COM 023135 10 6 12523.7685 49,850 SH SOLE Amsurg Corp COM 03232P 40 5 5478.55459 182,578 SH SOLE Anacor Pharmaceuticals Inc COM 032420 10 1 2600 500,000 SH SOLE Analog Devices COM 032654 10 5 4099.875 97,500 SH SOLE AON CORP SHS CL A G0408V 10 2 7228 130,000 SH SOLE Apple Computers COM 037833 10 0 121510.1579 227,964 SH SOLE Arch Capital Group ORD G0450A 10 5 39967.959 907,950 SH SOLE ARRIS GROUP INC NOTE 2.000%11/1 04269Q AC 4 1606.875 1,500,000 PR SOLE Aruba Networks COM 043176 10 6 8729.16253 420,789 SH SOLE AUTONATION INC COM 05329W 10 2 6074.1 153,000 SH SOLE AUTOZONE INC COM 053332 10 2 7554.32102 21,314 SH SOLE AXIS CAPITAL HOLDINGS LTD SHS G0692U 10 9 11258 325,000 SH SOLE Baidu SPON ADR REP A 056752 10 8 8657.0328 86,320 SH SOLE Banco Itau SPON ADR REP PFD 465562 10 6 164.6 10,000 SH SOLE Berkley W R CORP COM 084423 10 2 21040.57836 557,514 SH SOLE BERKSHIRE HATHAWAY INC CL B NEW 084670 70 2 37032.7347 412,851 SH SOLE Biomarin Pharmaceutical COM 09061G 10 1 6816.45916 138,409 SH SOLE BLACKSTONE GROUP LP/THE COM UNIT LTD 09253U 10 8 2319.88554 148,806 SH SOLE Bristol Myers Squibb COM 110122 10 8 6848.1 210,000 SH SOLE Broadcom CL A 111320 10 7 8006.27991 241,120 SH SOLE BroadSoft Inc COM 11133B 40 9 8159.86332 224,604 SH SOLE Brookdale Senior Living COM 112463 10 4 7313.88456 288,858 SH SOLE Brunswick Corp COM 117043 10 9 6341.62 218,000 SH SOLE Caci Intl Inc NOTE 2.125% 5/0 127190 AD 8 2362.5 2,100,000 PR SOLE CAPITAL ONE FINANCIAL CORP COM 14040H 10 5 10775.84895 186,015 SH SOLE Cavium Networks COM 14964U 10 8 9793.7185 313,850 SH SOLE CBS CORP NEW CL B 124857 20 2 8865.8783 233,006 SH SOLE Celgene COM 151020 10 4 7477.35 95,000 SH SOLE Check Point Software Tech Ltd ORD M22465 10 4 9385.08 197,000 SH SOLE Chemed Corporation NOTE 1.875% 5/1 16359R AC 7 2202.48 2,100,000 PR SOLE CHUBB CORP COM 171232 10 1 12804.4 170,000 SH SOLE Cirrus Logic COM 172755 10 0 1435.4635 49,550 SH SOLE Cisco Systems COM 17275R 10 2 21191.20845 1,078,433 SH SOLE Citigroup COM NEW 172967 42 4 416.369 10,525 SH SOLE Citrix Systems COM 177376 10 0 9303.5105 141,512 SH SOLE CNH Global NV SHS NEW N20935 20 6 12936.19233 321,077 SH SOLE Cobalt Intl Energy Inc NOTE 2.625%12/0 19075F AA 4 3037.5 3,000,000 PR SOLE Coca Cola COM 191216 10 0 12896.40875 355,763 SH SOLE Cognizant Technology Solutions CL A 192446 10 2 3553.44 48,000 SH SOLE COLGATE-PALMOLIVE CO COM 194162 10 3 6725.68544 64,336 SH SOLE COMCAST CORP NEW CL A 20030N 10 1 10616.33118 284,011 SH SOLE Commvault Services COM 204166 10 2 1721.59 24,700 SH SOLE Concur Technologies COM 206708 10 9 7030.3028 104,130 SH SOLE COOPER COS INC/THE COM NEW 216648 40 2 5086.4 55,000 SH SOLE Covidien SHS G2554F 11 3 18376.83076 318,274 SH SOLE Credicorp COM G2519Y 10 8 533.03872 3,637 SH SOLE CUMMINS INC COM 231021 10 6 6431.0059 59,354 SH SOLE Cyberonics COM 23251P 10 2 6066.26946 115,482 SH SOLE DANAHER CORP COM 235851 10 2 11944.2648 213,672 SH SOLE DexCom Inc COM 252131 10 7 5307.9 390,000 SH SOLE Ebay COM 278642 10 3 21562.74498 422,599 SH SOLE ELI LILLY & CO COM 532457 10 8 7398 150,000 SH SOLE EMC Corp Mass COM 268648 10 2 12094.70711 477,930 SH SOLE Emeritus Corp COM 291005 10 6 864.5 35,000 SH SOLE Employers Holdings COM 292218 10 4 8746.5 425,000 SH SOLE Endologix COM 29266S 10 6 6656.26886 467,482 SH SOLE Enernoc COM 292764 10 7 2937.5 250,000 SH SOLE EXA Corp COM 300614 50 0 1617.408 166,400 SH SOLE ExactTarget Inc COM 30064K 10 5 800 40,000 SH SOLE Examworks Group COM 30066A 10 5 1379.44198 98,602 SH SOLE EXPRESS SCRIPTS INC COM 30219G 10 8 7559.4 140,000 SH SOLE F5 Networks COM 315616 10 2 11444.3588 117,852 SH SOLE FaceBook Inc CL A 30303M 10 2 16161.90246 607,061 SH SOLE Faro Technologies COM 311642 10 2 5697.496 159,700 SH SOLE FIDELITY NATIONAL INFORMATIO COM 31620M 10 6 12057.38337 346,377 SH SOLE FIFTH THIRD BANCORP COM 316773 10 0 456.70254 30,066 SH SOLE First Republic Bank COM 33616C 10 0 459.93618 14,031 SH SOLE Five Star Quality Care COM 33832D 10 6 837.595 167,519 SH SOLE FLOWSERVE CORP COM 34354P 10 5 9272.622 63,165 SH SOLE Fortinet Inc COM 34959E 10 9 8881.97648 421,639 SH SOLE Fusion-io Inc COM 36112J 10 7 7586.3905 330,850 SH SOLE Gardner Denver COM 365558 10 5 5737.6285 83,761 SH SOLE Gilead Sciences COM 375558 10 3 5427.955 73,900 SH SOLE Google CL A 38259P 50 8 91554.60675 129,075 SH SOLE HCA Holdings COM 40412C 10 1 9646.48924 319,718 SH SOLE HCC Insurance Holding COM 404132 10 2 8558.3 230,000 SH SOLE HCP INC. COM 40414L 10 9 451.6 10,000 SH SOLE HDFC Bank ADR REPS 3 SHS 40415F 10 1 1180.88 29,000 SH SOLE Health Care COM 42217K 10 6 2451.6 40,000 SH SOLE Healthcare Reality Trust REIT COM 421946 10 4 1440 60,000 SH SOLE Healthcare Services Group COM 421906 10 8 890.99784 38,372 SH SOLE HEARTWIRE INTERNATIONAL COM 422368 10 0 5507.4558 65,604 SH SOLE HENRY SCHEIN INC COM 806407 10 2 15709.0104 195,240 SH SOLE HUBBELL INC CL B 443510 20 1 6257.79609 73,943 SH SOLE Imperva COM 45321L 10 0 8507.7 269,952 SH SOLE Infinera COM 45667G 10 3 3563.273 613300 SH SOLE Infoblox COM 45672H 10 4 9320.60579 518,832 SH SOLE Inphi Corp COM 45772F 10 7 3271.70412 341,514 SH SOLE Insulet Corp COM 45784P 10 1 6275.22084 295,722 SH SOLE Integrated Device Technology Inc. COM 458118 10 6 9440.7761 1,293,257 SH SOLE Intel COM 458140 10 0 20056.03214 972,178 SH SOLE Intercept Pharmaceuticals In COM 45845P 10 8 6666.99726 194,974 SH SOLE International Business Machines COM 459200 10 1 27777.65 145,000 SH SOLE INTERPUBLIC GROUP OF COS INC COM 460690 10 0 6005.52532 544,966 SH SOLE Intuit COM 461202 10 3 7540.995 126,750 SH SOLE Intuitive Surgical COM NEW 46120E 60 2 6129.625 12,500 SH SOLE Itron COM 465741 10 6 2226.47535 49,977 SH SOLE Ixia COM 45071R 10 9 9898.18536 582,932 SH SOLE Jazz Pharmaceuticals SHS USD G50871 10 5 6915.8 130,000 SH SOLE JDS Uniphase COM PAR $0.001 46612J 50 7 8469.43288 625,894 SH SOLE JOHNSON & JOHNSON COM 478160 10 4 23834 340,000 SH SOLE JPMORGAN CHASE & CO COM 46625H 10 0 11633.01099 264,567 SH SOLE Juniper Networks COM 48203R 10 4 12703.76205 645,657 SH SOLE Keynote Systems COM 493308 10 0 3336.8192 236,990 SH SOLE KLA Tencor COM 482480 10 0 9447.83544 197,819 SH SOLE Kythera Biopharmaceuticals COM 501570 10 5 4677.5178 154,170 SH SOLE LAM Research COM 512807 10 8 8582.99348 237,596 SH SOLE Lattice Semiconductor COM 518415 10 4 5823.73617 1,459,583 SH SOLE Lear Corporation COM NEW 521865 20 4 5593.58596 119,419 SH SOLE LIBERTY MEDIA CORP INT COM SER A 53071M 10 4 9519.03888 483,691 SH SOLE LIBERTY VENTURES LBT VENT COM A 53071M 88 0 1848.89936 27,286 SH SOLE LinkedIn Corporation COM CL A 53578A 10 8 9788.405 85,250 SH SOLE LORILLARD INC COM 544147 10 1 10505.90016 90,048 SH SOLE LSI Corp. COM 502161 10 2 10824.435 1,528,875 SH SOLE Markel COM 570535 10 4 11485.63 26,500 SH SOLE Marsh & McLennan COM 571748 10 2 15669.30366 454,578 SH SOLE Mastercard CL A 57636Q 10 4 11297.33892 22,989 SH SOLE MATTEL INC COM 577081 10 2 11266.03314 307,647 SH SOLE MCDONALD'S CORP COM 580135 10 1 11421.4308 129,480 SH SOLE MCKESSON CORP COM 58155Q 10 3 18970.67488 195,653 SH SOLE Medical Properties Trust COM 58463J 30 4 5621.2 470,000 SH SOLE Medivation Inc COM 58501N 10 1 5627.6 110,000 SH SOLE Mellanox Technologies SHS M51363 11 3 2181.95488 36,758 SH SOLE Merck COM 58933Y 10 5 14332.5 350,000 SH SOLE Meridian Biosciences COM 589584 10 1 809.2 40,000 SH SOLE Micron Tech COM 595112 10 3 6184.4554 975,080 SH SOLE Micros Systems Inc. COM 594901 10 0 3202.3102 75,455 SH SOLE Microsoft COM 594918 10 4 42161.84806 1,577,705 SH SOLE Microstrategy CL A NEW 594972 40 8 4551.411 48,750 SH SOLE Mobile Telesystems OJSC SPON ADR 607409 10 9 3916.5 210,000 SH SOLE MYLAN INC COM 628530 10 7 7584.12 276,000 SH SOLE National Health Investors COM 63633D 10 4 1977.15 35,000 SH SOLE National Instruments COM 636518 10 2 4231.2 164,000 SH SOLE NETFLIX INC COM 64110L 10 6 168.8596 1,820 SH SOLE Netscout Systems COM 64115T 10 4 7461.5081 287,190 SH SOLE Netsuite Inc COM 64118Q 10 7 1344.8 20,000 SH SOLE NetApp Inc COM 64110D 10 4 8666.2334 258,308 SH SOLE Neustar Inc CL A 64126X 20 1 3563.2 85,000 SH SOLE Nice Systems SPON ADR 653656 10 8 3971.02932 118,609 SH SOLE Novadaq Technologies COM 66987G 10 2 1154.4 130,000 SH SOLE Nvidia COM 67066G 10 4 1474.8 120,000 SH SOLE OLD REPUBLIC INTL CORP COM 680223 10 4 6656.25 625,000 SH SOLE Omega Healthcare Investors COM 681936 10 0 1788.75 75,000 SH SOLE Oracle COM 68389X 10 5 49688.7832 1,491,260 SH SOLE Partnerre Hdg COM G6852T 10 5 17546.82 218,000 SH SOLE PENTAIR INC SHS H6169Q 10 8 6111.16355 124,337 SH SOLE Peregrine Semiconductor Corp COM 71366R 70 3 3103.90347 202,737 SH SOLE Perkinelmer Inc COM 714046 10 9 7629.24858 240,367 SH SOLE Pervasive Software COM 715710 10 9 563.7883 63,347 SH SOLE Pfizer COM 717081 10 3 32518.40544 1,296,318 SH SOLE PHILIP MORRIS INTERNATIONAL COM 718172 10 9 9863.83248 117,932 SH SOLE PNC FINANCIAL SERVICES GROUP COM 693475 10 5 14944.91131 256,301 SH SOLE Polycom Com COM 73172K 10 4 5957.95324 569,594 SH SOLE ProAssurance Corporation COM 74267C 10 6 13669.56 324,000 SH SOLE PROGRESSIVE CORP COM 743315 10 3 11921.5 565,000 SH SOLE Proofpoint Inc COM 743424 10 3 1545.70816 125,872 SH SOLE PROS Holdings COM 74346Y 10 3 5974.2122 326,845 SH SOLE Prosperity Bancshares COM 743606 10 5 299.04 7,120 SH SOLE Proto Labs COM 743713 10 9 2248.87158 57,049 SH SOLE QLIK Technologies COM 74733T 10 5 7684.884 353,900 SH SOLE Qualcomm COM 747525 10 3 38963.50682 628,241 SH SOLE Qualys Inc COM 74758T 30 3 1379.4784 93,208 SH SOLE Radware ORD M81873 10 7 12067.48 365,750 SH SOLE Red Hat COM 756577 10 2 10911.12827 206,051 SH SOLE Regis Corp NOTE 5.000% 7/1 758932 AA 5 2467.5 2,000,000 PR SOLE Reinsurance Group of America COM NEW 759351 60 4 12844.8 240,000 SH SOLE RENAISSANCERE HOLDINGS LTD COM G7496G 10 3 12595.3 155,000 SH SOLE RLI Corp COM 749607 10 7 5334.45 82,500 SH SOLE ROPER INDUSTRIES INC COM 776696 10 6 6264.39564 56,193 SH SOLE Ruckus Wireless Inc COM 781220 10 8 400.9967 17,830 SH SOLE Sabra Healthcare REIT COM 78573L 10 6 1085.5 50,000 SH SOLE Salesforce.com COM 79466L 30 2 16511.9562 98,262 SH SOLE Sandisk COM 80004C 10 1 8664.06084 198,939 SH SOLE Sciquest COM 80908T 10 1 6045.04225 381,230 SH SOLE Seagate Technology SHS G7945M 10 7 2438.4 80,000 SH SOLE Semtech Corp. COM 816850 10 1 4114.74708 142,182 SH SOLE Senior Housing Property Trust SH BEN INT 81721M 10 9 1891.2 80,000 SH SOLE Servicenow Inc COM 81762P 10 2 2253.83088 75,228 SH SOLE Signature Bank COM 82669G 10 4 820.41 11,500 SH SOLE Silicom Ltd ORD M84116 10 8 2923.55594 164,522 SH SOLE Sina Corp. ORD G81477 10 4 4438.84536 88,388 SH SOLE Sirona Dental Systems COM 82966C 10 3 6639.26666 103,000 SH SOLE Sourcefire Inc COM 83616T 10 8 7249.64066 153,546 SH SOLE Spectranetics COM 84760C 10 7 6219.63635 421,135 SH SOLE Splunk COM 848637 10 4 6027.877 207,750 SH SOLE Stamps Com Inc COM NEW 852857 20 0 1769.04 70,200 SH SOLE Steel Dynamics Inc NOTE 5.125% 6/1 858119 AP 5 676.1875 620,000 PR SOLE Stillwater Mining Co NOTE 1.750%10/1 86074Q AL 6 3519.375 3,000,000 PR SOLE SUNCOR ENERGY INC COM 867224 10 7 8182.672406 251,188 SH SOLE SUNTRUST BANKS INC COM 867914 10 3 8614.2042 303,852 SH SOLE Catamaran Corp COM 148887 10 2 6595.4 140,000 SH SOLE Symmetricom COM 871543 10 4 1926.802 335,096 SH SOLE Synopsys COM 871607 10 7 10262.70064 322,321 SH SOLE Team Health Holdings Inc COM 87817A 10 7 6473.25 225,000 SH SOLE Telcos De Sao Paulo SPON ADR 87936R 10 6 4611.32 191,500 SH SOLE Teradata COM 88076W 10 3 7913.58717 127,897 SH SOLE Teva Pharm ADR 881624 20 9 7057.75 189,000 SH SOLE Texas Industries COM 882491 10 3 2550.5 50,000 SH SOLE Texas Insts COM 882508 10 4 9823.53 317,400 SH SOLE Thermo Electron COM 883556 10 2 14837.71542 232,639 SH SOLE Tibco Software COM 88632Q 10 3 8450.78352 383,952 SH SOLE TIME WARNER CABLE COM 88732J 20 7 8646.41116 88,964 SH SOLE TIME WARNER INC COM NEW 887317 30 3 16284.2018 340,460 SH SOLE TRAVELERS COS INC/THE COM 89417E 10 9 10054.8 140,000 SH SOLE Trius Therapeutics COM 89685K 10 0 650.95621 135,899 SH SOLE TRW AUTOMOTIVE HOLDINGS CORP COM 87264S 10 6 209.23983 3,903 SH SOLE UBS AG SHS NEW H89231 33 8 956.1051376 61,718 SH SOLE UNITED TECHNOLOGIES CORP COM 913017 10 9 9595.49804 117,004 SH SOLE Universal Health CL B 913903 10 0 7349.2 152,000 SH SOLE Veeco Instruments COM 922417 10 0 3542.4 120,000 SH SOLE VISA INC COM CL A 92826C 83 9 12301.92964 81,158 SH SOLE Vmware CL A COM 928563 40 2 14260.7979 151,485 SH SOLE Vocera Communications Inc COM 92857F 10 7 757.2213 30,183 SH SOLE Volcano Corp NOTE 1.750%12/0 928645 AB 6 2531.75 2,500,000 PR SOLE WASTE CONNECTIONS INC COM 941053 10 0 11104.88076 328,644 SH SOLE Wells Fargo & Co COM 949746 10 1 17125.47884 501,038 SH SOLE WILLIS GROUP HOLDINGS PLC SHS G96666 10 5 1828.79326 54,542 SH SOLE Xilinx COM 983919 10 1 3589 100,000 SH SOLE VOTING AUTHORITY ------------------------------ NAME OF ISSUER SOLE SHARED NONE --------------------------------- ---------------- ------ ---- Abbott Labs 140,000 Acadia Healthcare Co Inc 280,000 ACE LTD 511,780 Acme Packet 287,555 Adobe Systems 374,192 ADT Corp/The 133,662 ADVANCE AUTO PARTS INC 70,902 Aetna New 279,262 Affymax 116,262 AFLAC INC 131,499 Agilent Techs 206,421 Air Methods 168,000 Akamai Techs 281,372 Align Tech 80,400 Alleghany 68,750 Allied World Assurance 92,500 Altera 199,245 Alterra Capital Holdings 515,000 Amazon.Com 49,850 Amsurg Corp 182,578 Anacor Pharmaceuticals Inc 500,000 Analog Devices 97,500 AON CORP 130,000 Apple Computers 227,964 Arch Capital Group 907,950 ARRIS GROUP INC 1,500,000 Aruba Networks 420,789 AUTONATION INC 153,000 AUTOZONE INC 21,314 AXIS CAPITAL HOLDINGS LTD 325,000 Baidu 86,320 Banco Itau 10,000 Berkley W R CORP 557,514 BERKSHIRE HATHAWAY INC 412,851 Biomarin Pharmaceutical 138,409 BLACKSTONE GROUP LP/THE 148,806 Bristol Myers Squibb 210,000 Broadcom 241,120 BroadSoft Inc 224,604 Brookdale Senior Living 288,858 Brunswick Corp 218,000 Caci Intl Inc 2,100,000 CAPITAL ONE FINANCIAL CORP 186,015 Cavium Networks 313,850 CBS CORP NEW 233,006 Celgene 95,000 Check Point Software Tech Ltd 197,000 Chemed Corporation 2,100,000 CHUBB CORP 170,000 Cirrus Logic 49,550 Cisco Systems 1,078,433 Citigroup 10,525 Citrix Systems 141,512 CNH Global NV 321,077 Cobalt Intl Energy Inc 3,000,000 Coca Cola 355,763 Cognizant Technology Solutions 48,000 COLGATE-PALMOLIVE CO 64,336 COMCAST CORP NEW 284,011 Commvault Services 24,700 Concur Technologies 104,130 COOPER COS INC/THE 55,000 Covidien 318,274 Credicorp 3,637 CUMMINS INC 59,354 Cyberonics 115,482 DANAHER CORP 213,672 DexCom Inc 390,000 Ebay 422,599 ELI LILLY & CO 150,000 EMC Corp Mass 477,930 Emeritus Corp 35,000 Employers Holdings 425,000 Endologix 467,482 Enernoc 250,000 EXA Corp 166,400 ExactTarget Inc 40,000 Examworks Group 98,602 EXPRESS SCRIPTS INC 140,000 F5 Networks 117,852 FaceBook Inc 607,061 Faro Technologies 159,700 FIDELITY NATIONAL INFORMATIO 346,377 FIFTH THIRD BANCORP 30,066 First Republic Bank 14,031 Five Star Quality Care 167,519 FLOWSERVE CORP 63,165 Fortinet Inc 421,639 Fusion-io Inc 330,850 Gardner Denver 83,761 Gilead Sciences 73,900 Google 129,075 HCA Holdings 319,718 HCC Insurance Holding 230,000 HCP INC. 10,000 HDFC Bank 29,000 Health Care 40,000 Healthcare Reality Trust REIT 60,000 Healthcare Services Group 38,372 HEARTWIRE INTERNATIONAL 65,604 HENRY SCHEIN INC 195,240 HUBBELL INC 73,943 Imperva 269,952 Infinera 613300 Infoblox 518,832 Inphi Corp 341,514 Insulet Corp 295,722 Integrated Device Technology Inc. 1,293,257 Intel 972,178 Intercept Pharmaceuticals In 194,974 International Business Machines 145,000 INTERPUBLIC GROUP OF COS INC 544,966 Intuit 126,750 Intuitive Surgical 12,500 Itron 49,977 Ixia 582,932 Jazz Pharmaceuticals 130,000 JDS Uniphase 625,894 JOHNSON & JOHNSON 340,000 JPMORGAN CHASE & CO 264,567 Juniper Networks 645,657 Keynote Systems 236,990 KLA Tencor 197,819 Kythera Biopharmaceuticals 154,170 LAM Research 237,596 Lattice Semiconductor 1,459,583 Lear Corporation 119,419 LIBERTY MEDIA CORP 483,691 LIBERTY VENTURES 27,286 LinkedIn Corporation 85,250 LORILLARD INC 90,048 LSI Corp. 1,528,875 Markel 26,500 Marsh & McLennan 454,578 Mastercard 22,989 MATTEL INC 307,647 MCDONALD'S CORP 129,480 MCKESSON CORP 195,653 Medical Properties Trust 470,000 Medivation Inc 110,000 Mellanox Technologies 36,758 Merck 350,000 Meridian Biosciences 40,000 Micron Tech 975,080 Micros Systems Inc. 75,455 Microsoft 1,577,705 Microstrategy 48,750 Mobile Telesystems OJSC 210,000 MYLAN INC 276,000 National Health Investors 35,000 National Instruments 164,000 NETFLIX INC 1,820 Netscout Systems 287,190 Netsuite Inc 20,000 NetApp Inc 258,308 Neustar Inc 85,000 Nice Systems 118,609 Novadaq Technologies 130,000 Nvidia 120,000 OLD REPUBLIC INTL CORP 625,000 Omega Healthcare Investors 75,000 Oracle 1,491,260 Partnerre Hdg 218,000 PENTAIR INC 124,337 Peregrine Semiconductor Corp 202,737 Perkinelmer Inc 240,367 Pervasive Software 63,347 Pfizer 1,296,318 PHILIP MORRIS INTERNATIONAL 117,932 PNC FINANCIAL SERVICES GROUP 256,301 Polycom Com 569,594 ProAssurance Corporation 324,000 PROGRESSIVE CORP 565,000 Proofpoint Inc 125,872 PROS Holdings 326,845 Prosperity Bancshares 7,120 Proto Labs 57,049 QLIK Technologies 353,900 Qualcomm 628,241 Qualys Inc 93,208 Radware 365,750 Red Hat 206,051 Regis Corp 2,000,000 Reinsurance Group of America 240,000 RENAISSANCERE HOLDINGS LTD 155,000 RLI Corp 82,500 ROPER INDUSTRIES INC 56,193 Ruckus Wireless Inc 17,830 Sabra Healthcare REIT 50,000 Salesforce.com 98,262 Sandisk 198,939 Sciquest 381,230 Seagate Technology 80,000 Semtech Corp. 142,182 Senior Housing Property Trust 80,000 Servicenow Inc 75,228 Signature Bank 11,500 Silicom Ltd 164,522 Sina Corp. 88,388 Sirona Dental Systems 103,000 Sourcefire Inc 153,546 Spectranetics 421,135 Splunk 207,750 Stamps Com Inc 70,200 Steel Dynamics Inc 620,000 Stillwater Mining Co 3,000,000 SUNCOR ENERGY INC 251,188 SUNTRUST BANKS INC 303,852 Catamaran Corp 140,000 Symmetricom 335,096 Synopsys 322,321 Team Health Holdings Inc 225,000 Telcos De Sao Paulo 191,500 Teradata 127,897 Teva Pharm 189,000 Texas Industries 50,000 Texas Insts 317,400 Thermo Electron 232,639 Tibco Software 383,952 TIME WARNER CABLE 88,964 TIME WARNER INC 340,460 TRAVELERS COS INC/THE 140,000 Trius Therapeutics 135,899 TRW AUTOMOTIVE HOLDINGS CORP 3,903 UBS AG 61,718 UNITED TECHNOLOGIES CORP 117,004 Universal Health 152,000 Veeco Instruments 120,000 VISA INC 81,158 Vmware 151,485 Vocera Communications Inc 30,183 Volcano Corp 2,500,000 WASTE CONNECTIONS INC 328,644 Wells Fargo & Co 501,038 WILLIS GROUP HOLDINGS PLC 54,542 Xilinx 100,000