0001134007-11-000016.txt : 20110513 0001134007-11-000016.hdr.sgml : 20110513 20110513155748 ACCESSION NUMBER: 0001134007-11-000016 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEXT CENTURY GROWTH INVESTORS LLC CENTRAL INDEX KEY: 0001134007 IRS NUMBER: 411923871 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06277 FILM NUMBER: 11840957 BUSINESS ADDRESS: STREET 1: 5500 WAYZATA BLVD STREET 2: SUITE 1275 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 7635914490 MAIL ADDRESS: STREET 1: 5500 WAYZATA BLVD STREET 2: SUITE 1275 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 13F-HR 1 r01q11.txt NCG 1Q 2011 13F FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter ended: March 31, 2011 Check here if Amendment [ ]; Amendment Number: 0 This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Next Century Growth Investors, LLC Address: 5500 Wayzata Blvd. Suite 1275 Minneapolis, MN 55416 13F File Number: 28-06277 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables are considered integral parts of this form. Person signing this report on Behalf of Reporting Manager: Name: Gina Nelson Title: Operations Manager Phone: 763-591-4490 Signature, Place and Date of Signing /s/Gina Nelson Minneapolis, Minnesota May 13, 2011 Report Type (Check only one): [x] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of other Managers Reporting for this Manager: Frank Russell Company: filer number 028-01190 FORM 13F SUMMARY PAGE Report Summary Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 168 Form 13F Information Table Value Total: 3,083,154 List of Other Included Managers: None

FORM 13F INFORMATION TABLE Value Shares/ Sh/ Put/ InvestmtOther Voting Authority Name of Issuer Title ofCUSIP (x$1000) Prn Amt Prn Call Dscretn ManagersSole Shared None Acme Packet, Inc. COM 004764106 13235 186515SH Sole 94907 0 91608 Alexion Pharmaceuticals, Inc. COM 015351109 4561 46219SH Sole 22751 0 23468 Allergan, Inc. COM 018490102 3206 45149SH Sole 31875 0 13274 Amazon.Com COM 023135106 3971 22044SH Sole 16675 0 5369 Amerigon Inc COM 03070L300 13229 866319SH Sole 356604 0 509715 Ansys Inc COM 03662Q105 8396 154934SH Sole 76261 0 78673 Apple Computer Inc COM 037833100 4393 12607SH Sole 9534 0 3073 Aruba Networks COM 043176106 7132 210769SH Sole 103729 0 107040 Astronics Corp COM 046433108 8523 338614SH Sole 138512 0 200102 Atmel Corp COM 049513104 6276 460442SH Sole 226697 0 233745 BJ's Restaurant, Inc. COM 09180C106 62335 1584911SH Sole 803978 0 780933 Baidu Inc - Spon ADR COM 056752108 3105 22529SH Sole 17279 0 5250 Be Aerospace, Inc. COM 073302101 22724 639559SH Sole 336922 0 302637 Body Central Corp COM 09689U102 10766 463439SH Sole 190759 0 272680 Boeing Co COM 097023105 5187 70159SH Sole 53049 0 17110 Borgwarner, Inc. COM 099724106 7716 96827SH Sole 47655 0 49172 Broadcom Corporation COM 111320107 1481 37605SH Sole 29737 0 7868 Broadsoft Inc COM 11133B409 4626 96992SH Sole 39926 0 57066 C H Robinson Worldwide Com COM 12541W209 1311 17687SH Sole 13778 0 3909 Callidus Software COM 13123E500 5630 819554SH Sole 337148 0 482406 Catalyst Health Solutions, IncCOM 14888B103 7675 137227SH Sole 67558 0 69669 Caterpillar Inc COM 149123101 4207 37785SH Sole 28578 0 9207 Cavium Networks COM 14965A101 23107 514298SH Sole 270251 0 244047 Celadon Group Inc COM 150838100 12527 771356SH Sole 316942 0 454414 Chart Industries, Inc. COM 16115Q308 54644 992808SH Sole 533208 0 459600 Chicago Brdg + Iron Co N V COM 167250109 13845 340508SH Sole 167695 0 172813 Chipotle Mexican Grill, Inc COM 169656105 8380 30768SH Sole 15152 0 15616 Ciena Corp COM 171779309 67897 2615436SH Sole 1364742 0 1250694 Citrix Systems Inc. COM 177376100 2931 39893SH Sole 30706 0 9187 Cognizant Tech Solutions COM 192446102 5224 64176SH Sole 48527 0 15649 Commercial Vehicle Group COM 202608105 9549 535268SH Sole 220315 0 314953 Comscore Inc COM 20564W105 22522 763192SH Sole 333606 0 429586 Concur Technologies Inc COM 206708109 64760 1167903SH Sole 605417 0 562486 Constant Contact COM 210313102 24853 712131SH Sole 370318 0 341813 Cornerstone on Demand COM 21925Y103 3829 210035SH Sole 82336 0 127699 Costco Wholesale Corp COM 22160K105 2400 32737SH Sole 24656 0 8081 Covenant Transport Group COM 22284P105 4576 494731SH Sole 203453 0 291278 Cummins, Inc COM 231021106 2365 21576SH Sole 16313 0 5263 Cypress Semiconductor COM 232806109 61069 3151140SH Sole 1634079 0 1517061 DTS Inc COM 23335C101 55305 1186034SH Sole 594371 0 591663 Deere & Co COM 244199105 4142 42748SH Sole 32327 0 10421 Demand Media Inc COM 24802N109 23249 987219SH Sole 519688 0 467531 Depomed Inc COM 249908104 6628 660186SH Sole 271756 0 388430 Derma Sciences COM 249827502 4057 418715SH Sole 172396 0 246319 Dice Holdings Inc COM 253017107 29872 1976947SH Sole 975562 0 1001385 Direct TV COM 25490A101 2364 50503SH Sole 38218 0 12285 Dynamic Materials Corp COM 267888105 8267 295777SH Sole 121740 0 174037 EMC Communications CorporationCOM 268648102 4903 184658SH Sole 139627 0 45031 Eaton co COM 278058102 1955 35258SH Sole 26660 0 8598 Encore Captial Group COM 292554102 9847 415655SH Sole 170992 0 244663 Envestnet Inc COM 29404K106 5153 383414SH Sole 157890 0 225524 Epocrates Inc. COM 29429D103 3547 179155SH Sole 73494 0 105661 Equinix Inc COM 29444U502 8236 90402SH Sole 44499 0 45903 Exlservice Holdings Inc. COM 302081104 7624 360480SH Sole 164894 0 195586 Expeditors International COM 302130109 3510 70012SH Sole 52976 0 17036 Express Scripts Inc COM 302182100 3248 58398SH Sole 41310 0 17088 F5 Networks Inc COM 315616102 2664 25976SH Sole 19646 0 6330 Faro Technologies Inc COM 311642102 16636 415894SH Sole 171053 0 244841 Fedex Corporation COM 31428X106 3776 40364SH Sole 30714 0 9650 Financial Engines Inc COM 317485100 68495 2485303SH Sole 1267553 0 1217750 Fluor Corp COM 343412102 4142 56238SH Sole 42533 0 13705 Ford Motor COM 345370860 3962 265736SH Sole 200944 0 64792 Fortinet Inc. COM 34959E109 45708 1038814SH Sole 536345 0 502469 Freightcar America COM 357023100 32377 995904SH Sole 529007 0 466897 Fresh Market Inc. COM 35804H106 20070 531784SH Sole 283479 0 248305 Furmanite Corp COM 361086101 4575 571880SH Sole 235152 0 336728 Genesee & Wyoming Inc COM 371559105 6299 108223SH Sole 53261 0 54962 Gentex Corp COM 371901109 72069 2382447SH Sole 1244078 0 1138369 Goldman Sachs Group Com COM 38141G104 1253 7905SH Sole 5977 0 1928 Google Inc-CL A COM 38259P508 3405 5809SH Sole 4451 0 1358 Graham Corp COM 384556106 8969 374635SH Sole 154093 0 220542 Green Mountain Coffee RoastersCOM 393122106 17753 274766SH Sole 140406 0 134360 Greenbrier Companies COM 393657101 7387 260287SH Sole 107077 0 153210 H&E Equipment Services COM 404030108 32 1650SH Sole 900 0 750 HHGREGG Inc COM 42833L108 9366 699469SH Sole 349849 0 349620 HMS Holdings Corp COM 40425J101 70455 860786SH Sole 450708 0 410078 Higher One Holdings Inc COM 42983D104 2591 179278SH Sole 81793 0 97485 Hittite Microwave Corp COM 43365Y104 69668 1092490SH Sole 567619 0 524871 Hunt (JB) Transport Services COM 445658107 11160 245716SH Sole 120958 0 124758 IPG Photonics Corp COM 44980X109 66927 1160319SH Sole 610514 0 549805 IXIA COM 45071R109 19971 1257623SH Sole 662481 0 595142 Illumina Inc COM 452327109 11716 167210SH Sole 82309 0 84901 Inphi COM 45772F107 11942 568388SH Sole 233953 0 334435 Insulet Corp COM 45784P101 5554 269349SH Sole 110894 0 158455 Interclick, Inc. COM 458483203 6080 862428SH Sole 354655 0 507773 Intralinks COM 46118H104 53651 2006412SH Sole 1058241 0 948171 Joy Global Inc COM 481165108 12622 127738SH Sole 62896 0 64842 Juniper Networks, Inc. COM 48203R104 2829 67238SH Sole 50849 0 16389 Kansas City Southern COM 485170302 10105 185580SH Sole 90784 0 94796 Knight Transportation COM 499064103 3874 201228SH Sole 99049 0 102179 Liveperson, Inc. COM 538146101 10457 827333SH Sole 340525 0 486808 LogMeIn, Inc. COM 54142L109 26484 628188SH Sole 307381 0 320807 Loopnet, Inc COM 543524300 5184 366348SH Sole 150769 0 215579 Lufkin Industries COM 549764108 9245 98906SH Sole 51763 0 47143 Lululemon Athletica Inc COM 550021109 6147 69028SH Sole 33993 0 35035 MIPS Technologies Inc COM 604567107 8781 837123SH Sole 344587 0 492536 Mako Surgical COM 560879108 6329 261546SH Sole 107570 0 153976 Manitowoc Company COM 563571108 65563 2996491SH Sole 1586275 0 1410216 Maxwell Technologies, Inc COM 577767106 8012 463917SH Sole 190774 0 273143 Meritage Homes Corp COM 59001A102 4424 183333SH Sole 75494 0 107839 Mosaic Co COM 61945A107 4184 53134SH Sole 40202 0 12932 NIC Inc COM 62914B100 2509 201382SH Sole 106220 0 95162 NVR, Inc COM 62944T105 3769 4985SH Sole 2450 0 2535 Netflix.com Inc. COM 64110L106 1290 5434SH Sole 4075 0 1359 Netlogic Microsystems COM 64118B100 82818 1970923SH Sole 1026172 0 944751 Netsuite COM 64118Q107 29446 1012586SH Sole 533761 0 478825 Northern Oil & Gas COM 665531109 30420 1139327SH Sole 589416 0 549911 NxStage Medical Inc COM 67072V103 53211 2420884SH Sole 1238482 0 1182402 Old Dominion Freight Line COM 679580100 33049 941847SH Sole 497976 0 443871 Omnivision Microchip, Inc. COM 682128103 33115 932031SH Sole 496254 0 435777 Open Table COM 68372A104 74066 696439SH Sole 361474 0 334965 Oplink Communications COM 68375Q403 4208 215907SH Sole 88854 0 127053 Opnet Tech COM 683757108 8807 225888SH Sole 92992 0 132896 Oracle Systems Corporation COM 68389X105 4168 124917SH Sole 94497 0 30420 Peabody Energy Corp COM 704549104 3503 48683SH Sole 36812 0 11871 Pegasystems, Inc. COM 705573103 4203 110783SH Sole 54524 0 56259 Polypore International, Inc COM 73179V103 6810 118262SH Sole 62541 0 55721 Portfolio Recovery AssociationCOM 73640Q105 51154 600895SH Sole 314127 0 286768 Praxair Inc COM 74005P104 2929 28827SH Sole 21809 0 7018 Precision Castparts Corp COM 740189105 4576 31088SH Sole 23506 0 7582 Priceline.com COM 741503403 5337 10539SH Sole 7969 0 2570 Primo Water Corp COM 74165N105 4357 355704SH Sole 146421 0 209283 Qlik Technologies COM 74733T105 49810 1915760SH Sole 1010236 0 905524 Qualcomm Inc COM 747525103 1556 28385SH Sole 22463 0 5922 Quinstreet Inc COM 74874Q100 10701 470802SH Sole 193090 0 277712 RTI International Metals Inc. COM 74973W107 28291 908223SH Sole 473649 0 434574 Reald Inc COM 75604L105 4693 171512SH Sole 90466 0 81046 Realpage Inc COM 75606N109 77267 2786393SH Sole 1445619 0 1340774 Rightnow Technologies COM 76657R106 7773 248329SH Sole 130950 0 117379 Riverbed Technology Inc COM 768573107 8901 236409SH Sole 115855 0 120554 Rosetta Resources COM 777779307 53083 1116589SH Sole 588054 0 528535 Rue21 Inc COM 781295100 8745 303643SH Sole 141902 0 161741 SPS Commerce Inc COM 78463M107 4587 295728SH Sole 121934 0 173794 SXC Health Solutions Corp COM 78505P100 79730 1454919SH Sole 758883 0 696036 Salesforce.com Inc COM 79466L302 4272 31978SH Sole 24186 0 7792 Salix Pharamaceuticals COM 795435106 52640 1502708SH Sole 786007 0 716701 Sapient Corp. COM 803062108 34151 2982622SH Sole 1550685 0 1431937 Schlumberger COM 806857108 2958 31714SH Sole 23994 0 7720 Servicesource International COM 81763U100 4142 340056SH Sole 139958 0 200098 Shoretel Inc COM 825211105 5423 658900SH Sole 271256 0 387644 Shutterfly Inc COM 82568P304 59044 1127661SH Sole 598161 0 529500 Silicon Image, Inc COM 82705T102 4280 477132SH Sole 196349 0 280783 Skyworks Solutions, Inc. COM 83088M102 4898 151091SH Sole 74362 0 76729 Stoneridge Inc COM 86183P102 4287 293200SH Sole 120752 0 172448 Successfactors, Inc COM 864596101 30948 791712SH Sole 417115 0 374597 Summer Infant Inc COM 865646103 5806 725752SH Sole 297526 0 428226 Syntel Inc COM 87162H103 18487 353963SH Sole 186392 0 167571 Tenneco, Inc COM 880349105 69057 1626773SH Sole 857192 0 769581 Terex Corp COM 880779103 7917 213748SH Sole 105195 0 108553 Titan International COM 88830M102 60615 2277893SH Sole 1184251 0 1093642 Travelzoo Inc COM 89421Q106 51163 768331SH Sole 393925 0 374406 Triquint Seminconductor COM 89674K103 32613 2526187SH Sole 1332369 0 1193818 US Auto Parts Network, Inc. COM 90343C100 5101 586316SH Sole 241292 0 345024 USA Truck Inc COM 902925106 3267 251320SH Sole 102278 0 149042 Ultimate Software Group Inc. COM 90385D107 57063 971286SH Sole 506420 0 464866 Union Pacific Corp COM 907818108 2690 27361SH Sole 20669 0 6692 United Therapeutics Corp COM 91307C102 5971 89091SH Sole 43864 0 45227 VMWare Inc COM 928563402 1854 22739SH Sole 17740 0 4999 Verifone Systems Inc COM 92342Y109 10037 182665SH Sole 89949 0 92716 Virtusa Corp COM 92827P102 16376 874329SH Sole 360051 0 514278 Visa Inc COM 92826C839 2441 33161SH Sole 25794 0 7367 Vitran Corp Inc COM 92850E107 14417 1023233SH Sole 421181 0 602052 Vocus Inc COM 92858J108 12951 500816SH Sole 206029 0 294787 Volcano Corp COM 928645100 19699 769477SH Sole 400920 0 368557 Wabco Holdings Inc COM 92927K102 64749 1050439SH Sole 548443 0 501996 WebMD Health Corp COM 94770V102 7729 144684SH Sole 71217 0 73467 Wisdomtree Investments COM 97717P104 4167 733592SH Sole 301788 0 431804 Zagg Inc COM 98884U108 4096 545389SH Sole 224336 0 321053