0001140361-13-004331.txt : 20130204 0001140361-13-004331.hdr.sgml : 20130204 20130204132221 ACCESSION NUMBER: 0001140361-13-004331 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130204 DATE AS OF CHANGE: 20130204 EFFECTIVENESS DATE: 20130204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC CENTRAL INDEX KEY: 0001021223 IRS NUMBER: 954575414 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05792 FILM NUMBER: 13569148 BUSINESS ADDRESS: STREET 1: 1800 AVE OF THE STAR 2ND FL CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3105562721 MAIL ADDRESS: STREET 1: 1800 AVENUE OF THE STARS 2ND FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: KAYNE ANDERSON INVESTMENT MANAGEMENT LLC DATE OF NAME CHANGE: 19990326 FORMER COMPANY: FORMER CONFORMED NAME: KAIM TRADITIONAL L L C DATE OF NAME CHANGE: 19980223 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2012 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: Kayne Anderson Rudnick Investment Management, LLC Address: 1800 Avenue of the Stars Second Floor Los Angeles, CA 90067 Form 13F File Number: 28-05792 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Judith Ridder Title: Chief Compliance Officer Phone: 310-712-2909 Signature, Place, and Date of Signing: /s/ Judith Ridder Los Angeles, CA 2/4/2013 --------------------------------- --------------------------------- ---------- [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).) List of Other Managers Reporting for this Manager: 13F File Number Name 028-12592 BNY Mellon --------------- --------------------------------------------------------------- Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 255 Form 13F Information Table Value Total: $ 4,709,387 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 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

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- AAON INC COM PAR $0.004 COMMON STOCKS 000360206 6,628 317,564 SH SOLE 317,564 0 0 AGL RESOURCES INC COMMON STOCKS 001204106 14,604 365,385 SH SOLE 365,385 0 0 AARONS INC CL A COMMON STOCKS 002535300 3,736 132,122 SH SOLE 132,122 0 0 ABAXIS INC COMMON STOCKS 002567105 74,459 2,006,987 SH SOLE 2,006,987 0 0 ABBOTT LABS COMMON STOCKS 002824100 379 5,788 SH SOLE 5,788 0 0 ADTRAN INC COM COMMON STOCKS 00738A106 28,009 1,433,396 SH SOLE 1,433,396 0 0 ADVANCE AUTO PARTS INC COMMON STOCKS 00751Y106 3,777 52,208 SH SOLE 52,208 0 0 ADVISORY BOARD CO COMMON STOCKS 00762W107 21,688 463,520 SH SOLE 463,520 0 0 AIRGAS INC COMMON STOCKS 009363102 2,150 23,555 SH SOLE 23,555 0 0 AMERICAN EXPRESS CO COMMON STOCKS 025816109 13,748 239,182 SH SOLE 239,182 0 0 AMPHENOL CORP NEW CL A COMMON STOCKS 032095101 26,279 406,160 SH SOLE 406,160 0 0 ANSYS INC COMMON STOCKS 03662Q105 134,962 2,004,186 SH SOLE 2,004,186 0 0 APACHE CORP COMMON STOCKS 037411105 9,460 120,510 SH SOLE 120,510 0 0 APPLE INC COMMON STOCKS 037833100 56,473 106,118 SH SOLE 106,118 0 0 APTARGROUP INC COMMON STOCKS 038336103 45,292 949,111 SH SOLE 949,111 0 0 ARES CAPITAL CORPORATION COMMON STOCKS 04010L103 3,264 186,541 SH SOLE 186,541 0 0 ARUBA NETWORKS INC COM COMMON STOCKS 043176106 220 10,605 SH SOLE 10,605 0 0 AUTOMATIC DATA PROCESSING COMMON STOCKS 053015103 331 5,806 SH SOLE 5,806 0 0 BP ADR COMMON STOCKS 055622104 694 16,659 SH SOLE 16,659 0 0 BADGER METER INC COMMON STOCKS 056525108 41,270 870,490 SH SOLE 870,490 0 0 BALCHEM CORPORATION COMMON STOCKS 057665200 19,767 542,294 SH SOLE 542,294 0 0 BARD C R INC COMMON STOCKS 067383109 708 7,239 SH SOLE 7,239 0 0 IPATH DJ UBS COMMODITY INDEX TOTAL ETF/ISHARE - 06738C778 2,429 58,732 SH SOLE 58,732 0 0 RET ETN EQUITY BAXTER INTL INC COMMON STOCKS 071813109 10,541 158,131 SH SOLE 158,131 0 0 BED BATH & BEYOND INC COMMON STOCKS 075896100 18,961 339,130 SH SOLE 339,130 0 0 BERKSHIRE HATHAWAY INC CL A COMMON STOCKS 084670108 402 3 SH SOLE 3 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW COMMON STOCKS 084670702 381 4,250 SH SOLE 4,250 0 0 BLACKBAUD INC COMMON STOCKS 09227Q100 37,757 1,653,830 SH SOLE 1,653,830 0 0 BRITISH AMERICAN TOBACCO PLC COMMON STOCKS 110448107 660 6,514 SH SOLE 6,514 0 0 SPONSORED ADR BROWN & BROWN INC COMMON STOCKS 115236101 61,260 2,406,142 SH SOLE 2,406,142 0 0 BROWN FORMAN CORP CL B COMMON STOCKS 115637209 2,593 40,998 SH SOLE 40,998 0 0 C H ROBINSON WORLDWIDE INC COMMON STOCKS 12541W209 15,683 248,063 SH SOLE 248,063 0 0 CNOOC LIMITED SPONSORED ADR COMMON STOCKS 126132109 1,380 6,273 SH SOLE 6,273 0 0 CRH PLC COMMON STOCKS 12626K203 1,254 61,642 SH SOLE 61,642 0 0 CABOT MICROELECTRONICS CORP COMMON STOCKS 12709P103 57,508 1,619,491 SH SOLE 1,619,491 0 0 CAMERON INTERNATIONAL CORP COMMON STOCKS 13342B105 2,085 36,930 SH SOLE 36,930 0 0 CARBO CERAMICS INC COMMON STOCKS 140781105 21,117 269,561 SH SOLE 269,561 0 0 CARPENTER TECHNOLOGY CORP COM COMMON STOCKS 144285103 231 4,471 SH SOLE 4,471 0 0 CASS INFORMATION SYSTEMS INC COMMON STOCKS 14808P109 46,544 1,102,941 SH SOLE 1,102,941 0 0 CHEFS WAREHOUSE INC COM COMMON STOCKS 163086101 15,159 958,792 SH SOLE 958,792 0 0 CHEVRON CORPORATION COMMON STOCKS 166764100 284 2,625 SH SOLE 2,625 0 0 CHINA MOBILE LTD SPONSORED ADR COMMON STOCKS 16941M109 1,158 19,719 SH SOLE 19,719 0 0 CHUNGHWA TELECOM COM LTD SPON ADR NEW COMMON STOCKS 17133Q502 709 21,910 SH SOLE 21,910 0 0 CHURCH & DWIGHT CO COMMON STOCKS 171340102 19,782 369,276 SH SOLE 369,276 0 0 CLARCOR INC COMMON STOCKS 179895107 52,797 1,105,005 SH SOLE 1,105,005 0 0 COACH INC COMMON STOCKS 189754104 10,068 181,372 SH SOLE 181,372 0 0 COCA-COLA CO COMMON STOCKS 191216100 34,844 961,222 SH SOLE 961,222 0 0 COGNEX CORP COM COMMON STOCKS 192422103 22,842 620,864 SH SOLE 620,864 0 0 COHEN & STEERS INC COMMON STOCKS 19247A100 61,288 2,011,426 SH SOLE 2,011,426 0 0 COLGATE-PALMOLIVE COMPANY COMMON STOCKS 194162103 20,312 194,300 SH SOLE 194,300 0 0 COMPUTER PROGRAMS AND SYSTEMS INC COMMON STOCKS 205306103 75,375 1,497,318 SH SOLE 1,497,318 0 0 COPART INC COMMON STOCKS 217204106 100,163 3,395,343 SH SOLE 3,395,343 0 0 CORPORATE EXECUTIVE BOARD CO COMMON STOCKS 21988R102 42,748 900,712 SH SOLE 900,712 0 0 COSTCO WHOLESALE CORP COMMON STOCKS 22160K105 20,235 204,949 SH SOLE 204,949 0 0 DANAHER CORP COMMON STOCKS 235851102 12,873 230,284 SH SOLE 230,284 0 0 DEERE & CO COMMON STOCKS 244199105 8,266 95,645 SH SOLE 95,645 0 0 DENTSPLY INTERNATIONAL INC COMMON STOCKS 249030107 4,350 109,825 SH SOLE 109,825 0 0 DIAGEO PLC SPONSORED ADR COMMON STOCKS 25243Q205 11,909 102,156 SH SOLE 102,156 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- DIGITAL REALTY TRUST INC COMMON STOCKS 253868103 12,360 182,058 SH SOLE 182,058 0 0 DONALDSON INC COMMON STOCKS 257651109 17,354 528,441 SH SOLE 528,441 0 0 DOVER CORP COMMON STOCKS 260003108 329 5,000 SH SOLE 5,000 0 0 DRESSER-RAND GROUP INC COMMON STOCKS 261608103 25,598 455,972 SH SOLE 455,972 0 0 EQT CORPORATION COMMON STOCKS 26884L109 2,918 49,476 SH SOLE 49,476 0 0 EPR PPTYS COM SH BEN INT COMMON STOCKS 26884U109 31,447 681,996 SH SOLE 681,996 0 0 EATON VANCE CORP COMMON STOCKS 278265103 66,650 2,092,633 SH SOLE 2,092,633 0 0 EMERSON ELEC CO COMMON STOCKS 291011104 25,220 476,210 SH SOLE 476,210 0 0 EQUIFAX INC COMMON STOCKS 294429105 1,901 35,124 SH SOLE 35,124 0 0 EXPEDITORS INTERNATIONAL OF COMMON STOCKS 302130109 30,276 765,521 SH SOLE 765,521 0 0 WASHINGTON INC EXPONENT INC COMMON STOCKS 30214U102 73,952 1,324,587 SH SOLE 1,324,587 0 0 EXXON MOBIL CORPORATION COMMON STOCKS 30231G102 17,405 201,098 SH SOLE 201,098 0 0 FLIR SYSTEMS INC COMMON STOCKS 302445101 10,699 479,430 SH SOLE 479,430 0 0 FMC TECHNOLOGIES INC COMMON STOCKS 30249U101 1,319 30,793 SH SOLE 30,793 0 0 FACTSET RESEARCH SYSTEMS INC COMMON STOCKS 303075105 89,069 1,011,459 SH SOLE 1,011,459 0 0 FASTENAL COMPANY COMMON STOCKS 311900104 15,722 337,026 SH SOLE 337,026 0 0 FEDERATED INVESTORS INC CL B COMMON STOCKS 314211103 57,798 2,857,065 SH SOLE 2,857,065 0 0 FEDEX CORP COMMON STOCKS 31428X106 495 5,400 SH SOLE 5,400 0 0 FINANCIAL ENGINES INC COM COMMON STOCKS 317485100 11,978 431,807 SH SOLE 431,807 0 0 FIRST CASH FINL SVCS INC COM COMMON STOCKS 31942D107 67,457 1,359,471 SH SOLE 1,359,471 0 0 FORRESTER RESEARCH INC COM COMMON STOCKS 346563109 5,199 194,001 SH SOLE 194,001 0 0 FRANKLIN RESOURCES INC COMMON STOCKS 354613101 15,093 120,070 SH SOLE 120,070 0 0 GARTNER GROUP INC NEW CL A COMMON STOCKS 366651107 2,699 58,647 SH SOLE 58,647 0 0 GENERAL ELECTRIC COMPANY COMMON STOCKS 369604103 783 37,309 SH SOLE 37,309 0 0 GENUINE PARTS CO COMMON STOCKS 372460105 8,873 139,557 SH SOLE 139,557 0 0 GLAXOSMITHKLINE ADR COMMON STOCKS 37733W105 942 21,677 SH SOLE 21,677 0 0 GRACO INC COMMON STOCKS 384109104 56,708 1,101,339 SH SOLE 1,101,339 0 0 HMS HOLDINGS CORPORATION COMMON STOCKS 40425J101 1,613 62,228 SH SOLE 62,228 0 0 HAEMONETICS CORP COMMON STOCKS 405024100 80,238 1,964,689 SH SOLE 1,964,689 0 0 HARMAN INTERNATIONAL INDUSTRIES INC COMMON STOCKS 413086109 251 5,621 SH SOLE 5,621 0 0 HEARTLAND EXPRESS INC COMMON STOCKS 422347104 3,259 249,333 SH SOLE 249,333 0 0 HEICO CORPORATION CL A COMMON STOCKS 422806208 10,989 343,615 SH SOLE 343,615 0 0 HEINZ H J COMPANY COMMON STOCKS 423074103 13,704 237,579 SH SOLE 237,579 0 0 JACK HENRY & ASSOCIATES INC COMMON STOCKS 426281101 171,721 4,373,945 SH SOLE 4,373,945 0 0 HERSHEY FOODS CORP COMMON STOCKS 427866108 404 5,600 SH SOLE 5,600 0 0 HIBBETT SPORTS INC COM COMMON STOCKS 428567101 6,920 131,306 SH SOLE 131,306 0 0 HILLENBRAND INC COMMON STOCKS 431571108 65,356 2,890,573 SH SOLE 2,890,573 0 0 HITTITE MICROWAVE CORP COMMON STOCKS 43365Y104 110,799 1,785,357 SH SOLE 1,785,357 0 0 HORMEL FOODS CORP COMMON STOCKS 440452100 6,349 203,429 SH SOLE 203,429 0 0 ILLINOIS TOOL WORKS INC COMMON STOCKS 452308109 448 7,360 SH SOLE 7,360 0 0 INTERNATIONAL BUSINESS MACHINES CO COMMON STOCKS 459200101 12,365 64,552 SH SOLE 64,552 0 0 INTERNATIONAL FLAVORS AND FRAGRANCES COMMON STOCKS 459506101 11,963 179,787 SH SOLE 179,787 0 0 INC INTUIT INC COMMON STOCKS 461202103 1,904 32,013 SH SOLE 32,013 0 0 INTUITIVE SURGICAL INC COMMON STOCKS 46120E602 22,188 45,248 SH SOLE 45,248 0 0 ISHARES MSCI BRIC INDEX FUND ETF/ISHARE - 464286657 335 8,209 SH SOLE 8,209 0 0 EQUITY ISHARES MSCI SINGAPORE INDEX FUND ETF/ISHARE - 464286673 2,288 167,132 SH SOLE 167,132 0 0 EQUITY ISHARES MSCI TAIWAN INDEX FUND ETF/ISHARE - 464286731 1,044 76,634 SH SOLE 76,634 0 0 EQUITY ISHARES MSCI MALAYSIA INDEX FUND ETF/ISHARE - 464286830 2,382 157,447 SH SOLE 157,447 0 0 EQUITY ISHARES FTSE/XINHUA CHINA 25 INDEX ETF/ISHARE - 464287184 459 11,358 SH SOLE 11,358 0 0 FUND EQUITY ISHARES S&P 500 INDEX FUND ETF/ISHARE - 464287200 2,109 14,736 SH SOLE 14,736 0 0 EQUITY ISHARES BARCLAYS AGGREGATE BOND FUND ETF/ISHARE - 464287226 519 4,675 SH SOLE 4,675 0 0 FIXED

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- ISHARES MSCI EMERGING MARKETS INDEX ETF/ISHARE - 464287234 2,772 62,498 SH SOLE 62,498 0 0 FUND EQUITY ISHARES IBOXX INVESTMENT GRADE ETF/ISHARE - 464287242 799 6,601 SH SOLE 6,601 0 0 CORPORATE BD FIXED ISHARES MSCI EAFE INDEX FUND ETF/ISHARE - 464287465 2,371 41,704 SH SOLE 41,704 0 0 EQUITY ISHARES RUSSELL MIDCAP VALUE INDEX ETF/ISHARE - 464287473 282 5,610 SH SOLE 5,610 0 0 FUND EQUITY ISHARES RUSSELL MIDCAP INDEX FUND ETF/ISHARE - 464287499 4,772 42,192 SH SOLE 42,192 0 0 EQUITY ISHARES NASDAQ BIOTECHNOLOGY INDEX ETF/ISHARE - 464287556 574 4,183 SH SOLE 4,183 0 0 FUND EQUITY ISHARES COHEN & STEERS REALTY MAJ ETF/ISHARE - 464287564 5,181 65,973 SH SOLE 65,973 0 0 INDEX FD EQUITY ISHARES RUSSELL 1000 VALUE INDEX FUND ETF/ISHARE - 464287598 5,256 72,175 SH SOLE 72,175 0 0 EQUITY ISHARES RUSSELL 1000 GROWTH INDEX ETF/ISHARE - 464287614 5,697 86,996 SH SOLE 86,996 0 0 FUND EQUITY ISHARES RUSSELL 1000 INDEX FUND ETF/ISHARE - 464287622 2,404 30,367 SH SOLE 30,367 0 0 EQUITY ISHARES RUSSELL 2000 VALUE INDEX FUND ETF/ISHARE - 464287630 486 6,437 SH SOLE 6,437 0 0 EQUITY ISHARES RUSSELL 2000 GROWTH INDEX ETF/ISHARE - 464287648 1,145 12,011 SH SOLE 12,011 0 0 FUND EQUITY ISHARES RUSSELL 2000 INDEX FUND ETF/ISHARE - 464287655 1,012 12,005 SH SOLE 12,005 0 0 EQUITY ISHARES RUSSELL 3000 INDEX FUND ETF/ISHARE - 464287689 9,706 114,617 SH SOLE 114,617 0 0 EQUITY ISHARES DJ US HEALTHCARE SEC INDEX FD ETF/ISHARE - 464287762 1,052 12,592 SH SOLE 12,592 0 0 EQUITY ISHARES S&P CALIFORNIA MUNICIPAL ETF/ISHARE - 464288356 2,394 20,766 SH SOLE 20,766 0 0 BOND FUND FIXED ISHARES S&P NATL AMT-FREE MUNI BOND ETF/ISHARE - 464288414 833 7,532 SH SOLE 7,532 0 0 FUND FIXED ISHARES IBOXX HIGH YLD CORPORATE ETF/ISHARE - 464288513 5,092 54,544 SH SOLE 54,544 0 0 BOND FD FIXED ISHARES BARCLAYS MBS BOND FUND ETF/ISHARE - 464288588 421 3,900 SH SOLE 3,900 0 0 FIXED ISHARES BARCLAYS INTERMEDIATE GOV ETF/ISHARE - 464288612 449 3,992 SH SOLE 3,992 0 0 CREDIT BD FIXED ISHARES BARCLAYS INTERMEDIATE CREDIT ETF/ISHARE - 464288638 380 3,415 SH SOLE 3,415 0 0 BD FD FIXED ISHARES BARCLAYS 1-3YR CREDIT BOND ETF/ISHARE - 464288646 1,903 18,037 SH SOLE 18,037 0 0 FUND FIXED ISHARES S&P GLOBAL UTILITIES ETF/ISHARE - 464288711 1,666 40,417 SH SOLE 40,417 0 0 EQUITY JPMORGAN CHASE & CO COMMON STOCKS 46625H100 396 9,003 SH SOLE 9,003 0 0 JPMORGAN ALERIAN MLP INDEX ETN ETF/ISHARE - 46625H365 3,573 92,890 SH SOLE 92,890 0 0 EQUITY JOHNSON & JOHNSON COMMON STOCKS 478160104 14,998 213,953 SH SOLE 213,953 0 0 KAYNE ANDERSON MLP INVT CO - KYN ETF/ISHARE - 486606106 27,338 927,670 SH SOLE 927,670 0 0 EQUITY KAYNE ANDERSON ENERGY TOT RET FD - ETF/ISHARE - 48660P104 3,501 142,380 SH SOLE 142,380 0 0 KYE EQUITY KAYNE ANDERSON ENERGY DEV CO - KED ETF/ISHARE - 48660Q102 2,935 120,079 SH SOLE 120,079 0 0 EQUITY KAYNE ANDERSON MDSTM ENERGY COM ETF/ISHARE - 48661E108 2,865 99,524 SH SOLE 99,524 0 0 EQUITY KIMBERLY CLARK CORPORATION COMMON STOCKS 494368103 8,760 103,759 SH SOLE 103,759 0 0 LANDSTAR SYSTEM INC COMMON STOCKS 515098101 129,530 2,469,119 SH SOLE 2,469,119 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- LINCOLN ELECTRIC HOLDINGS INC COMMON STOCKS 533900106 80,793 1,659,681 SH SOLE 1,659,681 0 0 LINEAR TECHNOLOGY CORP COMMON STOCKS 535678106 2,696 78,591 SH SOLE 78,591 0 0 LORILLARD INC COMMON STOCKS 544147101 14,596 125,108 SH SOLE 125,108 0 0 LOWES COMPANIES INC COMMON STOCKS 548661107 10,410 293,075 SH SOLE 293,075 0 0 LUFKIN INDS INC COMMON STOCKS 549764108 253 4,349 SH SOLE 4,349 0 0 MSC INDUSTRIAL DIRECT CO INC - A COMMON STOCKS 553530106 39,558 524,787 SH SOLE 524,787 0 0 MSCI INC CL A COMMON STOCKS 55354G100 11,522 371,811 SH SOLE 371,811 0 0 MAKITA CORP ADR COMMON STOCKS 560877300 2,415 51,994 SH SOLE 51,994 0 0 MATTEL INC COMMON STOCKS 577081102 12,784 349,096 SH SOLE 349,096 0 0 MCDONALDS CORP COMMON STOCKS 580135101 13,043 147,868 SH SOLE 147,868 0 0 MEAD JOHNSON NUTRITION CO COM CL A COMMON STOCKS 582839106 1,467 22,269 SH SOLE 22,269 0 0 MERCADOLIBRE INC COM COMMON STOCKS 58733R102 16,494 209,983 SH SOLE 209,983 0 0 MERCK & COMPANY COMMON STOCKS 58933Y105 408 9,974 SH SOLE 9,974 0 0 MERGE HEALTHCARE INC COMMON STOCKS 589499102 44 17,826 SH SOLE 17,826 0 0 MESA LABS INC COM COMMON STOCKS 59064R109 2,239 44,681 SH SOLE 44,681 0 0 MICROS SYS INC COMMON STOCKS 594901100 9,340 220,069 SH SOLE 220,069 0 0 MICROSOFT CORP COMMON STOCKS 594918104 461 17,264 SH SOLE 17,264 0 0 MICROCHIP TECHNOLOGY INC COMMON STOCKS 595017104 21,875 671,219 SH SOLE 671,219 0 0 MONRO MUFFLER BRAKE INC COM COMMON STOCKS 610236101 8,377 240,016 SH SOLE 240,016 0 0 MONSTER BEVERAGE CORP COM COMMON STOCKS 611740101 3,179 60,164 SH SOLE 60,164 0 0 MORNINGSTAR INC COMMON STOCKS 617700109 9,316 148,266 SH SOLE 148,266 0 0 NVE CORP COM NEW COMMON STOCKS 629445206 8,310 149,763 SH SOLE 149,763 0 0 NATIONAL BEVERAGE CORP COM COMMON STOCKS 635017106 31,623 2,167,425 SH SOLE 2,167,425 0 0 NATIONAL GRID PLC SPON ADR COMMON STOCKS 636274300 672 11,700 SH SOLE 11,700 0 0 NATIONAL INSTRUMENTS CORPORATION COMMON STOCKS 636518102 11,648 451,314 SH SOLE 451,314 0 0 NATIONAL INTERSTATE CORP COM COMMON STOCKS 63654U100 12,602 437,267 SH SOLE 437,267 0 0 NATIONAL-OILWELL VARCO INC COMMON STOCKS 637071101 32,270 472,132 SH SOLE 472,132 0 0 NATIONAL RESEARCH CORP COMMON STOCKS 637372103 15,454 285,134 SH SOLE 285,134 0 0 NIKE INC CL B COMMON STOCKS 654106103 18,661 361,646 SH SOLE 361,646 0 0 NORDSON CORP COMMON STOCKS 655663102 12,413 196,664 SH SOLE 196,664 0 0 NOVARTIS AG ADR COMMON STOCKS 66987V109 11,757 185,729 SH SOLE 185,729 0 0 OMNICOM GROUP COMMON STOCKS 681919106 9,237 184,882 SH SOLE 184,882 0 0 OMEGA FLEX INC COMMON STOCKS 682095104 2,340 189,308 SH SOLE 189,308 0 0 ORACLE CORP COMMON STOCKS 68389X105 18,475 554,465 SH SOLE 554,465 0 0 OWENS & MINOR INC COMMON STOCKS 690732102 124,893 4,380,657 SH SOLE 4,380,657 0 0 PNC FINANCIAL CORP COMMON STOCKS 693475105 15,951 273,556 SH SOLE 273,556 0 0 PPG INDUSTRIES INC COMMON STOCKS 693506107 12,737 94,102 SH SOLE 94,102 0 0 PEPSICO INC COMMON STOCKS 713448108 947 13,837 SH SOLE 13,837 0 0 PERRIGO COMPANY COMMON STOCKS 714290103 13,277 127,625 SH SOLE 127,625 0 0 PETSMART INC COMMON STOCKS 716768106 1,403 20,534 SH SOLE 20,534 0 0 PLAINS ALL AMER PIPELINE L UNIT L P COMMON STOCKS 726503105 410 9,056 SH SOLE 9,056 0 0 INT POLYUS GOLD INTL LTD GDR LEVEL 1 COMMON STOCKS 73180Y203 44 13,532 SH SOLE 13,532 0 0 POOL CORP COMMON STOCKS 73278L105 86,030 2,032,854 SH SOLE 2,032,854 0 0 PRAXAIR INC COMMON STOCKS 74005P104 18,926 172,918 SH SOLE 172,918 0 0 PRECISION CASTPARTS CORP COM COMMON STOCKS 740189105 12,537 66,185 SH SOLE 66,185 0 0 T ROWE PRICE GROUP INC COMMON STOCKS 74144T108 26,182 402,068 SH SOLE 402,068 0 0 PRICELINE INC COMMON STOCKS 741503403 14,132 22,780 SH SOLE 22,780 0 0 PRICESMART INC COM COMMON STOCKS 741511109 8,998 116,877 SH SOLE 116,877 0 0 PROCTER & GAMBLE COMPANY COMMON STOCKS 742718109 839 12,357 SH SOLE 12,357 0 0 QUALCOMM INC COMMON STOCKS 747525103 27,125 438,488 SH SOLE 438,488 0 0 QUESTAR CORP COM COMMON STOCKS 748356102 10,403 526,473 SH SOLE 526,473 0 0 RLI CORP COMMON STOCKS 749607107 104,863 1,621,757 SH SOLE 1,621,757 0 0 RPC INC COM COMMON STOCKS 749660106 20,541 1,678,149 SH SOLE 1,678,149 0 0 RBC BEARINGS INC COMMON STOCKS 75524B104 55,637 1,111,179 SH SOLE 1,111,179 0 0 REALTY INCOME CORP COMMON STOCKS 756109104 1,265 31,456 SH SOLE 31,456 0 0 REED ELSEVIER N V SPONS ADR COMMON STOCKS 758204200 1,889 63,872 SH SOLE 63,872 0 0 RIO TINTO PLC SPONSORED ADR COMMON STOCKS 767204100 1,021 17,577 SH SOLE 17,577 0 0 ROCKWELL COLLINS INC COMMON STOCKS 774341101 1,680 28,885 SH SOLE 28,885 0 0 ROLLINS INC COMMON STOCKS 775711104 31,944 1,449,383 SH SOLE 1,449,383 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------ ---------- -------- --------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- ROPER INDUSTRIES INC COMMON STOCKS 776696106 17,842 160,046 SH SOLE 160,046 0 0 ROSS STORES INC COMMON STOCKS 778296103 32,424 599,453 SH SOLE 599,453 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR B COMMON STOCKS 780259107 956 13,482 SH SOLE 13,482 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR A COMMON STOCKS 780259206 2,420 35,103 SH SOLE 35,103 0 0 SPDR GOLD TRUST ETF/ISHARE - 78463V107 7,345 45,334 SH SOLE 45,334 0 0 EQUITY SANOFI-AVENTIS SPON ADR COMMON STOCKS 80105N105 2,265 47,795 SH SOLE 47,795 0 0 SAP AG SPONSORED ADR COMMON STOCKS 803054204 2,154 26,801 SH SOLE 26,801 0 0 SCANSOURCE INC COMMON STOCKS 806037107 7,314 230,208 SH SOLE 230,208 0 0 SCHLUMBERGER LIMITED COMMON STOCKS 806857108 16,848 243,129 SH SOLE 243,129 0 0 SIGMA ALDRICH CORP COMMON STOCKS 826552101 15,507 210,745 SH SOLE 210,745 0 0 SILGAN HOLDINGS INC COMMON STOCKS 827048109 11,813 284,371 SH SOLE 284,371 0 0 SIRONA DENTAL SYSTEMS INC COM COMMON STOCKS 82966C103 44,443 689,463 SH SOLE 689,463 0 0 SOLARWINDS INC COM COMMON STOCKS 83416B109 2,281 43,482 SH SOLE 43,482 0 0 STARBUCKS CORP COMMON STOCKS 855244109 9,887 184,351 SH SOLE 184,351 0 0 STATE STREET CORP COMMON STOCKS 857477103 438 9,320 SH SOLE 9,320 0 0 STERICYCLE INC COMMON STOCKS 858912108 1,854 19,873 SH SOLE 19,873 0 0 SYNGENTA AG ADR COMMON STOCKS 87160A100 481 5,957 SH SOLE 5,957 0 0 SYNTEL INC COMMON STOCKS 87162H103 46,971 875,853 SH SOLE 875,853 0 0 SYSCO CORP COMMON STOCKS 871829107 291 9,200 SH SOLE 9,200 0 0 THE TJX COMPANIES INC COMMON STOCKS 872540109 12,892 303,708 SH SOLE 303,708 0 0 TECHNE CORP COMMON STOCKS 878377100 96,299 1,409,113 SH SOLE 1,409,113 0 0 TERADATA CORP COMMON STOCKS 88076W103 12,263 198,140 SH SOLE 198,140 0 0 TESCO PLC SPONSORED ADR COMMON STOCKS 881575302 780 47,612 SH SOLE 47,612 0 0 TEVA PHARMACEUTICAL INDS ADR COMMON STOCKS 881624209 779 20,868 SH SOLE 20,868 0 0 THOR INDS INC COM COMMON STOCKS 885160101 21,500 574,396 SH SOLE 574,396 0 0 3M COMPANY COMMON STOCKS 88579Y101 14,480 155,953 SH SOLE 155,953 0 0 TORO CO COMMON STOCKS 891092108 72,817 1,694,211 SH SOLE 1,694,211 0 0 TOTAL SA SPONSORED ADR COMMON STOCKS 89151E109 3,010 57,868 SH SOLE 57,868 0 0 THE TRAVELERS COMPANIES INC COMMON STOCKS 89417E109 17,628 245,443 SH SOLE 245,443 0 0 U S BANCORP COMMON STOCKS 902973304 11,368 355,920 SH SOLE 355,920 0 0 ULTA SALON COSMETCS & FRAG ICOM COMMON STOCKS 90384S303 1,495 15,218 SH SOLE 15,218 0 0 UNILEVER N V ADR COMMON STOCKS 904784709 1,615 42,175 SH SOLE 42,175 0 0 UNION PACIFIC CORPORATION COMMON STOCKS 907818108 14,875 118,321 SH SOLE 118,321 0 0 UNITED NAT FOODS INC COMMON STOCKS 911163103 210 3,910 SH SOLE 3,910 0 0 VF CORPORATION COMMON STOCKS 918204108 11,029 73,055 SH SOLE 73,055 0 0 VANGUARD EMERGING MARKETS ETF ETF/ISHARE - 922042858 10,219 229,490 SH SOLE 229,490 0 0 EQUITY VARIAN MEDICAL SYSTEMS INC COMMON STOCKS 92220P105 3,202 45,582 SH SOLE 45,582 0 0 VERSUS TECHNOLOGY INC COMMON STOCKS 925313108 9 100,000 SH SOLE 100,000 0 0 VISA INC CL A COMMON STOCKS 92826C839 28,146 185,683 SH SOLE 185,683 0 0 VODAFONE GROUP INC COMMON STOCKS 92857W209 1,080 42,864 SH SOLE 42,864 0 0 WD-40 COMPANY COMMON STOCKS 929236107 58,017 1,231,524 SH SOLE 1,231,524 0 0 WAL MART STORES INC COMMON STOCKS 931142103 1,443 21,156 SH SOLE 21,156 0 0 WALGREEN COMPANY COMMON STOCKS 931422109 694 18,739 SH SOLE 18,739 0 0 WATERS CORP COMMON STOCKS 941848103 22,006 252,589 SH SOLE 252,589 0 0 WELLS FARGO & CO COMMON STOCKS 949746101 263 7,689 SH SOLE 7,689 0 0 WESTAMERICA BANCORPORATION COMMON STOCKS 957090103 34,436 808,549 SH SOLE 808,549 0 0 JOHN WILEY & SONS COMMON STOCKS 968223206 67,026 1,721,708 SH SOLE 1,721,708 0 0 WOLVERINE WORLD WIDE INC COMMON STOCKS 978097103 17,854 435,669 SH SOLE 435,669 0 0 WORLD FUEL SERVICES CORPORATION COMMON STOCKS 981475106 73,000 1,773,131 SH SOLE 1,773,131 0 0 XILINX INC COMMON STOCKS 983919101 22,961 640,268 SH SOLE 640,268 0 0 YOUNG INNOVATIONS INC COMMON STOCKS 987520103 11,447 290,449 SH SOLE 290,449 0 0 ACCENTURE PLC CL A COMMON STOCKS G1151C101 14,548 218,765 SH SOLE 218,765 0 0 CLICKSOFTWARE TECHNOLOGIES LTD COMMON STOCKS M25082104 3,984 473,696 SH SOLE 473,696 0 0 CORE LABORATORIES N V COMMON STOCKS N22717107 21,538 197,034 SH SOLE 197,034 0 0 STEINER LEISURE LIMITED COMMON STOCKS P8744Y102 26,296 544,218 SH SOLE 544,218 0 0