0001140361-11-041364.txt : 20110812 0001140361-11-041364.hdr.sgml : 20110812 20110812101114 ACCESSION NUMBER: 0001140361-11-041364 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110812 DATE AS OF CHANGE: 20110812 EFFECTIVENESS DATE: 20110812 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: 111029546 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 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, LLC 13F-HR 6-30-2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/2011 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: 028-05792 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 form. 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 8/11/2011 --------------------------------- --------------------------------- ---------- [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: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 228 Form 13F Information Table Value Total: $ 3,728,212 -------------- (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 7,754 355,033 SH SOLE 355,033 0 0 ABM INDUSTRIES INC COMMON STOCKS 000957100 28,664 1,228,109 SH SOLE 1,228,109 0 0 AFLAC INC COMMON STOCKS 001055102 2,811 60,214 SH SOLE 60,214 0 0 AGL RESOURCES INC COMMON STOCKS 001204106 6,090 149,605 SH SOLE 149,605 0 0 AT&T INC COMMON STOCKS 00206R102 555 17,685 SH SOLE 17,685 0 0 AARONS INC CL A COMMON STOCKS 002535300 10,295 364,284 SH SOLE 364,284 0 0 ABAXIS INC COMMON STOCKS 002567105 51,293 1,882,304 SH SOLE 1,882,304 0 0 ABBOTT LABS COMMON STOCKS 002824100 462 8,788 SH SOLE 8,788 0 0 ADOBE SYS INC COMMON STOCKS 00724F101 1,617 51,422 SH SOLE 51,422 0 0 ADVISORY BOARD CO COMMON STOCKS 00762W107 36,890 637,347 SH SOLE 637,347 0 0 ALCATEL LUCENT SPON ADR COMMON STOCKS 013904305 117 20,252 SH SOLE 20,252 0 0 AMERICAN EXPRESS CO COMMON STOCKS 025816109 6,332 122,484 SH SOLE 122,484 0 0 ANSYS INC COMMON STOCKS 03662Q105 88,952 1,627,076 SH SOLE 1,627,076 0 0 APACHE CORP COMMON STOCKS 037411105 12,563 101,811 SH SOLE 101,811 0 0 APPLE INC COMMON STOCKS 037833100 326 971 SH SOLE 971 0 0 APTARGROUP INC COMMON STOCKS 038336103 26,634 508,860 SH SOLE 508,860 0 0 ARES CAPITAL CORPORATION COMMON STOCKS 04010L103 45,384 2,824,128 SH SOLE 2,824,128 0 0 AUTOMATIC DATA PROCESSING COMMON STOCKS 053015103 376 7,131 SH SOLE 7,131 0 0 AVON PRODUCTS INC COMMON STOCKS 054303102 5,276 188,438 SH SOLE 188,438 0 0 BP ADR COMMON STOCKS 055622104 483 10,896 SH SOLE 10,896 0 0 BALCHEM CORPORATION COMMON STOCKS 057665200 42,485 970,415 SH SOLE 970,415 0 0 BANK OF NEW YORK MELLON CORPORATION COMMON STOCKS 064058100 5,091 198,700 SH SOLE 198,700 0 0 BARD C R INC COMMON STOCKS 067383109 6,861 62,452 SH SOLE 62,452 0 0 IPATH DJ UBS COMMODITY INDEX TOTAL ETF/ISHARE - 06738C778 2,253 47,697 SH SOLE 47,697 0 0 RET ETN EQUITY BARRICK GOLD CORPORATION COMMON STOCKS 067901108 4,509 99,556 SH SOLE 99,556 0 0 BECTON DICKINSON & CO COMMON STOCKS 075887109 7,679 89,116 SH SOLE 89,116 0 0 BED BATH & BEYOND INC COMMON STOCKS 075896100 6,104 104,576 SH SOLE 104,576 0 0 BERKSHIRE HATHAWAY INC CL A COMMON STOCKS 084670108 348 3 SH SOLE 3 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW COMMON STOCKS 084670702 329 4,250 SH SOLE 4,250 0 0 BIO-REFERENCE LABS INC COM COMMON STOCKS 09057G602 8,076 386,415 SH SOLE 386,415 0 0 BLACKBAUD INC COMMON STOCKS 09227Q100 65,920 2,378,084 SH SOLE 2,378,084 0 0 BRITISH AMERICAN TOBACCO PLC COMMON STOCKS 110448107 383 4,355 SH SOLE 4,355 0 0 SPONSORED ADR BRITISH SKY BROADCASTING GRP COMMON STOCKS 111013108 387 7,116 SH SOLE 7,116 0 0 SPONSORED ADR BROWN & BROWN INC COMMON STOCKS 115236101 80,311 3,129,807 SH SOLE 3,129,807 0 0 BROWN FORMAN CORP CL B COMMON STOCKS 115637209 499 6,679 SH SOLE 6,679 0 0 C H ROBINSON WORLDWIDE INC COMMON STOCKS 12541W209 493 6,259 SH SOLE 6,259 0 0 CNOOC LIMITED SPONSORED ADR COMMON STOCKS 126132109 595 2,524 SH SOLE 2,524 0 0 CRH PLC COMMON STOCKS 12626K203 695 30,868 SH SOLE 30,868 0 0 CABOT MICROELECTRONICS CORP COMMON STOCKS 12709P103 48,164 1,036,445 SH SOLE 1,036,445 0 0 CARBO CERAMICS INC COMMON STOCKS 140781105 85,963 527,540 SH SOLE 527,540 0 0 CASS INFORMATION SYSTEMS INC COMMON STOCKS 14808P109 23,580 624,470 SH SOLE 624,470 0 0 CHEROKEE INC COMMON STOCKS 16444H102 10,783 628,376 SH SOLE 628,376 0 0 CHEVRON CORPORATION COMMON STOCKS 166764100 294 2,854 SH SOLE 2,854 0 0 CHOICE HOTELS INTERNATIONAL INC COMMON STOCKS 169905106 10,599 317,704 SH SOLE 317,704 0 0 THE CHUBB CORPORATION COMMON STOCKS 171232101 356 5,684 SH SOLE 5,684 0 0 CHUNGHWA TELECOM COM LTD SPON ADR NEW COMMON STOCKS 17133Q502 515 14,894 SH SOLE 14,894 0 0 CHURCH & DWIGHT CO COMMON STOCKS 171340102 22,146 546,265 SH SOLE 546,265 0 0 CISCO SYSTEMS INC COMMON STOCKS 17275R102 4,977 318,807 SH SOLE 318,807 0 0 CLARCOR INC COMMON STOCKS 179895107 59,450 1,257,412 SH SOLE 1,257,412 0 0 COACH INC COMMON STOCKS 189754104 4,912 76,834 SH SOLE 76,834 0 0 COCA-COLA CO COMMON STOCKS 191216100 4,972 73,888 SH SOLE 73,888 0 0 COHEN & STEERS INC COMMON STOCKS 19247A100 81,627 2,462,353 SH SOLE 2,462,353 0 0 COMPUTER PROGRAMS AND SYSTEMS INC COMMON STOCKS 205306103 43,945 692,261 SH SOLE 692,261 0 0 CONOCOPHILLIPS COMMON STOCKS 20825C104 238 3,167 SH SOLE 3,167 0 0 COPART INC COMMON STOCKS 217204106 103,031 2,210,955 SH SOLE 2,210,955 0 0 CORPORATE EXECUTIVE BOARD CO COMMON STOCKS 21988R102 10,503 240,610 SH SOLE 240,610 0 0 COSTCO WHOLESALE CORP COMMON STOCKS 22160K105 2,862 35,229 SH SOLE 35,229 0 0 DENTSPLY INTERNATIONAL INC COMMON STOCKS 249030107 1,679 44,096 SH SOLE 44,096 0 0 DOLBY LABORATORIES INC CL A COMMON STOCKS 25659T107 6,862 161,603 SH SOLE 161,603 0 0 DONALDSON INC COMMON STOCKS 257651109 13,097 215,838 SH SOLE 215,838 0 0 DOVER CORP COMMON STOCKS 260003108 339 5,000 SH SOLE 5,000 0 0 DRESSER-RAND GROUP INC COMMON STOCKS 261608103 18,309 340,639 SH SOLE 340,639 0 0 EQT CORPORATION COMMON STOCKS 26884L109 1,611 30,676 SH SOLE 30,676 0 0 EATON VANCE CORP COMMON STOCKS 278265103 9,113 301,445 SH SOLE 301,445 0 0 EMERSON ELEC CO COMMON STOCKS 291011104 4,616 82,066 SH SOLE 82,066 0 0 ENTERTAINMENT PROPERTIES TRUST COMMON STOCKS 29380T105 33,221 711,376 SH SOLE 711,376 0 0 EQUIFAX INC COMMON STOCKS 294429105 11,392 328,106 SH SOLE 328,106 0 0 EXPEDITORS INTERNATIONAL OF COMMON STOCKS 302130109 716 13,989 SH SOLE 13,989 0 0 WASHINGTON INC EXPONENT INC COMMON STOCKS 30214U102 48,450 1,113,533 SH SOLE 1,113,533 0 0 EXXON MOBIL CORPORATION COMMON STOCKS 30231G102 15,825 194,456 SH SOLE 194,456 0 0 FLIR SYSTEMS INC COMMON STOCKS 302445101 11,175 331,513 SH SOLE 331,513 0 0 FACTSET RESEARCH SYSTEMS INC COMMON STOCKS 303075105 49,487 483,649 SH SOLE 483,649 0 0 FEDERATED INVESTORS INC CL B COMMON STOCKS 314211103 126,002 5,285,304 SH SOLE 5,285,304 0 0 FEDEX CORP COMMON STOCKS 31428X106 512 5,400 SH SOLE 5,400 0 0 FIRST CASH FINL SVCS INC COM COMMON STOCKS 31942D107 80,048 1,906,355 SH SOLE 1,906,355 0 0 FRANKLIN RESOURCES INC COMMON STOCKS 354613101 5,548 42,261 SH SOLE 42,261 0 0 GENERAL DYNAMICS CORP COMMON STOCKS 369550108 6,732 90,336 SH SOLE 90,336 0 0 GENERAL ELECTRIC COMPANY COMMON STOCKS 369604103 898 47,629 SH SOLE 47,629 0 0 GENUINE PARTS CO COMMON STOCKS 372460105 3,716 68,313 SH SOLE 68,313 0 0 GLAXOSMITHKLINE ADR COMMON STOCKS 37733W105 580 13,522 SH SOLE 13,522 0 0 GOOGLE INC CL A COMMON STOCKS 38259P508 209 412 SH SOLE 412 0 0 GRACO INC COMMON STOCKS 384109104 64,264 1,268,543 SH SOLE 1,268,543 0 0 HAEMONETICS CORP COMMON STOCKS 405024100 38,862 603,730 SH SOLE 603,730 0 0 HANG SENG BK LTD ADR SPONSORED COMMON STOCKS 41043C304 846 52,931 SH SOLE 52,931 0 0 HANSEN NATURAL CORP COMMON STOCKS 411310105 5,764 71,205 SH SOLE 71,205 0 0 HEARTLAND EXPRESS INC COMMON STOCKS 422347104 6,485 391,620 SH SOLE 391,620 0 0 HEICO CORPORATION CL A COMMON STOCKS 422806208 14,783 371,795 SH SOLE 371,795 0 0 HEINZ H J COMPANY COMMON STOCKS 423074103 5,345 100,320 SH SOLE 100,320 0 0 JACK HENRY & ASSOCIATES INC COMMON STOCKS 426281101 124,845 4,160,120 SH SOLE 4,160,120 0 0 HERSHEY FOODS CORP COMMON STOCKS 427866108 318 5,600 SH SOLE 5,600 0 0 HILLENBRAND INC COMMON STOCKS 431571108 64,590 2,731,076 SH SOLE 2,731,076 0 0 HITTITE MICROWAVE CORP COMMON STOCKS 43365Y104 78,243 1,263,816 SH SOLE 1,263,816 0 0 ILLINOIS TOOL WORKS INC COMMON STOCKS 452308109 5,418 95,908 SH SOLE 95,908 0 0 IMMUCOR INC COMMON STOCKS 452526106 26,269 1,286,425 SH SOLE 1,286,425 0 0 INTERNATIONAL BUSINESS MACHINES CO COMMON STOCKS 459200101 426 2,484 SH SOLE 2,484 0 0 INTUIT INC COMMON STOCKS 461202103 2,002 38,603 SH SOLE 38,603 0 0 ISHARES MSCI BRIC INDEX FUND ETF/ISHARE - 464286657 579 12,117 SH SOLE 12,117 0 0 EQUITY ISHARES MSCI SINGAPORE INDEX FUND ETF/ISHARE - 464286673 1,223 89,067 SH SOLE 89,067 0 0 EQUITY ISHARES MSCI TAIWAN INDEX FUND ETF/ISHARE - 464286731 776 51,151 SH SOLE 51,151 0 0 EQUITY ISHARES MSCI MALAYSIA INDEX FUND ETF/ISHARE - 464286830 1,616 105,736 SH SOLE 105,736 0 0 EQUITY ISHARES BARCLAYS US TREAS INFLA PROT ETF/ISHARE - 464287176 1,461 13,209 SH SOLE 13,209 0 0 SEC FD FIXED ISHARES FTSE/XINHUA CHINA 25 INDEX ETF/ISHARE - 464287184 1,964 45,726 SH SOLE 45,726 0 0 FUND EQUITY ISHARES S&P 500 INDEX FUND ETF/ISHARE - 464287200 2,393 18,068 SH SOLE 18,068 0 0 EQUITY ISHARES BARCLAYS AGGREGATE BOND FUND ETF/ISHARE - 464287226 340 3,189 SH SOLE 3,189 0 0 FIXED ISHARES MSCI EMERGING MARKETS INDEX ETF/ISHARE - 464287234 8,475 178,050 SH SOLE 178,050 0 0 FUND EQUITY ISHARES IBOXX INVESTMENT GRADE ETF/ISHARE - 464287242 926 8,409 SH SOLE 8,409 0 0 CORPORATE BD FIXED ISHARES MSCI EAFE INDEX FUND ETF/ISHARE - 464287465 2,879 47,873 SH SOLE 47,873 0 0 EQUITY ISHARES RUSSELL MIDCAP VALUE INDEX ETF/ISHARE - 464287473 268 5,610 SH SOLE 5,610 0 0 FUND EQUITY ISHARES RUSSELL MIDCAP INDEX FUND ETF/ISHARE - 464287499 4,667 42,682 SH SOLE 42,682 0 0 EQUITY ISHARES NASDAQ BIOTECHNOLOGY INDEX ETF/ISHARE - 464287556 533 5,000 SH SOLE 5,000 0 0 FUND EQUITY ISHARES COHEN & STEERS REALTY MAJ ETF/ISHARE - 464287564 1,984 27,355 SH SOLE 27,355 0 0 INDEX FD EQUITY ISHARES RUSSELL 1000 VALUE INDEX FUND ETF/ISHARE - 464287598 1,928 28,243 SH SOLE 28,243 0 0 EQUITY ISHARES RUSSELL 1000 GROWTH INDEX ETF/ISHARE - 464287614 5,198 85,389 SH SOLE 85,389 0 0 FUND EQUITY ISHARES RUSSELL 1000 INDEX FUND ETF/ISHARE - 464287622 3,172 42,927 SH SOLE 42,927 0 0 EQUITY ISHARES RUSSELL 2000 INDEX FUND ETF/ISHARE - 464287655 1,761 21,270 SH SOLE 21,270 0 0 EQUITY ISHARES RUSSELL 3000 INDEX FUND ETF/ISHARE - 464287689 735 9,266 SH SOLE 9,266 0 0 EQUITY ISHARES DJ US HEALTHCARE SEC INDEX FD ETF/ISHARE - 464287762 917 12,425 SH SOLE 12,425 0 0 EQUITY ISHARES AGENCY BOND FUND ETF/ISHARE - 464288166 296 2,675 SH SOLE 2,675 0 0 FIXED ISHARES S&P CALIFORNIA MUNICIPAL ETF/ISHARE - 464288356 2,223 21,110 SH SOLE 21,110 0 0 BOND FUND FIXED ISHARES S&P NATL AMT-FREE MUNI BOND ETF/ISHARE - 464288414 817 7,897 SH SOLE 7,897 0 0 FUND FIXED ISHARES IBOXX HIGH YLD CORPORATE ETF/ISHARE - 464288513 892 9,770 SH SOLE 9,770 0 0 BOND FD FIXED ISHARES BARCLAYS INTERMEDIATE GOV ETF/ISHARE - 464288612 1,338 12,259 SH SOLE 12,259 0 0 CREDIT BD FIXED ISHARES BARCLAYS 1-3YR CREDIT BOND ETF/ISHARE - 464288646 2,742 26,123 SH SOLE 26,123 0 0 FUND FIXED ISHARES S&P GLOBAL UTILITIES ETF/ISHARE - 464288711 2,145 46,705 SH SOLE 46,705 0 0 EQUITY JPMORGAN CHASE & CO COMMON STOCKS 46625H100 7,243 176,914 SH SOLE 176,914 0 0 JPMORGAN ALERIAN MLP INDEX ETN ETF/ISHARE - 46625H365 2,447 65,901 SH SOLE 65,901 0 0 EQUITY JOHNSON & JOHNSON COMMON STOCKS 478160104 13,422 201,777 SH SOLE 201,777 0 0 KAYNE ANDERSON MLP INVT CO - KYN ETF/ISHARE - 486606106 21,365 706,290 SH SOLE 706,290 0 0 EQUITY KAYNE ANDERSON ENERGY TOT RET FD - ETF/ISHARE - 48660P104 4,510 152,156 SH SOLE 152,156 0 0 KYE EQUITY KAYNE ANDERSON ENERGY DEV CO - KED ETF/ISHARE - 48660Q102 2,181 120,318 SH SOLE 120,318 0 0 EQUITY KAYNE ANDERSON MDSTM ENERGY COM ETF/ISHARE - 48661E108 217 8,650 SH SOLE 8,650 0 0 EQUITY KIMBERLY CLARK CORPORATION COMMON STOCKS 494368103 5,937 89,204 SH SOLE 89,204 0 0 LABORATORY CORP OF AMERICA HOLDINGS COMMON STOCKS 50540R409 5,994 61,933 SH SOLE 61,933 0 0 LANDAUER INC COMMON STOCKS 51476K103 38,066 618,054 SH SOLE 618,054 0 0 LANDSTAR SYSTEM INC COMMON STOCKS 515098101 123,820 2,663,947 SH SOLE 2,663,947 0 0 LINCOLN ELECTRIC HOLDINGS INC COMMON STOCKS 533900106 95,459 2,662,742 SH SOLE 2,662,742 0 0 MSC INDUSTRIAL DIRECT CO INC - A COMMON STOCKS 553530106 8,435 127,207 SH SOLE 127,207 0 0 MAKITA CORP ADR COMMON STOCKS 560877300 1,203 25,739 SH SOLE 25,739 0 0 MATTEL INC COMMON STOCKS 577081102 5,609 204,036 SH SOLE 204,036 0 0 MCDONALDS CORP COMMON STOCKS 580135101 6,745 79,994 SH SOLE 79,994 0 0 MEDTRONIC INC COMMON STOCKS 585055106 5,585 144,958 SH SOLE 144,958 0 0 MERCK & COMPANY COMMON STOCKS 58933Y105 341 9,649 SH SOLE 9,649 0 0 MERIDIAN BIOSCIENCE INC COMMON STOCKS 589584101 5,400 223,981 SH SOLE 223,981 0 0 MESA LABS INC COM COMMON STOCKS 59064R109 585 18,503 SH SOLE 18,503 0 0 METLIFE INC COMMON STOCKS 59156R108 10,302 234,824 SH SOLE 234,824 0 0 MICROSOFT CORP COMMON STOCKS 594918104 15,530 597,292 SH SOLE 597,292 0 0 MICROCHIP TECHNOLOGY INC COMMON STOCKS 595017104 19,202 506,522 SH SOLE 506,522 0 0 MITSUBISHI ELEC CORP ADR COMMON STOCKS 606776201 883 38,331 SH SOLE 38,331 0 0 MORNINGSTAR INC COMMON STOCKS 617700109 8,534 140,415 SH SOLE 140,415 0 0 NVE CORP COM NEW COMMON STOCKS 629445206 728 12,454 SH SOLE 12,454 0 0 NVR INC COMMON STOCKS 62944T105 501 690 SH SOLE 690 0 0 NATIONAL GRID PLC SPON ADR COMMON STOCKS 636274300 353 7,133 SH SOLE 7,133 0 0 NATIONAL INSTRUMENTS CORPORATION COMMON STOCKS 636518102 14,967 503,953 SH SOLE 503,953 0 0 NATIONAL-OILWELL VARCO INC COMMON STOCKS 637071101 7,600 97,169 SH SOLE 97,169 0 0 NATIONAL RESEARCH CORP COMMON STOCKS 637372103 11,578 316,947 SH SOLE 316,947 0 0 NIKE INC CL B COMMON STOCKS 654106103 4,617 51,307 SH SOLE 51,307 0 0 NOVARTIS AG ADR COMMON STOCKS 66987V109 1,292 21,137 SH SOLE 21,137 0 0 NUCOR CORP COMMON STOCKS 670346105 4,991 121,080 SH SOLE 121,080 0 0 OMNICOM GROUP COMMON STOCKS 681919106 7,790 161,749 SH SOLE 161,749 0 0 OMEGA FLEX INC COMMON STOCKS 682095104 2,903 206,890 SH SOLE 206,890 0 0 ORACLE CORP COMMON STOCKS 68389X105 5,359 162,833 SH SOLE 162,833 0 0 OWENS & MINOR INC COMMON STOCKS 690732102 125,568 3,640,715 SH SOLE 3,640,715 0 0 PNC FINANCIAL CORP COMMON STOCKS 693475105 7,879 132,171 SH SOLE 132,171 0 0 PEPSICO INC COMMON STOCKS 713448108 6,786 96,344 SH SOLE 96,344 0 0 PLAINS ALL AMER PIPELINE L UNIT L P COMMON STOCKS 726503105 241 3,769 SH SOLE 3,769 0 0 INT POOL CORP COMMON STOCKS 73278L105 80,477 2,699,654 SH SOLE 2,699,654 0 0 PRAXAIR INC COMMON STOCKS 74005P104 5,132 47,347 SH SOLE 47,347 0 0 T ROWE PRICE GROUP INC COMMON STOCKS 74144T108 2,037 33,765 SH SOLE 33,765 0 0 PRICESMART INC COM COMMON STOCKS 741511109 20,480 399,772 SH SOLE 399,772 0 0 PROCTER & GAMBLE COMPANY COMMON STOCKS 742718109 6,136 96,524 SH SOLE 96,524 0 0 QUALITY SYSTEMS INC COMMON STOCKS 747582104 5,318 60,912 SH SOLE 60,912 0 0 QUESTAR CORP COM COMMON STOCKS 748356102 1,626 91,809 SH SOLE 91,809 0 0 RLI CORP COMMON STOCKS 749607107 87,570 1,414,248 SH SOLE 1,414,248 0 0 RBC BEARINGS INC COMMON STOCKS 75524B104 34,127 903,799 SH SOLE 903,799 0 0 REALTY INCOME CORP COMMON STOCKS 756109104 806 24,052 SH SOLE 24,052 0 0 REED ELSEVIER N V SPONS ADR COMMON STOCKS 758204200 859 31,850 SH SOLE 31,850 0 0 RIO TINTO PLC SPONSORED ADR COMMON STOCKS 767204100 674 9,324 SH SOLE 9,324 0 0 ROCKWELL COLLINS INC COMMON STOCKS 774341101 5,238 84,916 SH SOLE 84,916 0 0 ROLLINS INC COMMON STOCKS 775711104 23,917 1,173,563 SH SOLE 1,173,563 0 0 ROSS STORES INC COMMON STOCKS 778296103 15,364 191,764 SH SOLE 191,764 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR B COMMON STOCKS 780259107 660 9,205 SH SOLE 9,205 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR A COMMON STOCKS 780259206 1,281 18,014 SH SOLE 18,014 0 0 SPDR GOLD TRUST ETF/ISHARE - 78463V107 6,890 47,194 SH SOLE 47,194 0 0 EQUITY SANOFI-AVENTIS SPON ADR COMMON STOCKS 80105N105 1,045 26,015 SH SOLE 26,015 0 0 SAP AG SPONSORED ADR COMMON STOCKS 803054204 1,473 24,281 SH SOLE 24,281 0 0 SCANSOURCE INC COMMON STOCKS 806037107 10,750 286,807 SH SOLE 286,807 0 0 SCHLUMBERGER LIMITED COMMON STOCKS 806857108 9,736 112,681 SH SOLE 112,681 0 0 THE CHARLES SCHWAB CORPORATION COMMON STOCKS 808513105 4,900 297,892 SH SOLE 297,892 0 0 SIGMA ALDRICH CORP COMMON STOCKS 826552101 7,823 106,603 SH SOLE 106,603 0 0 SILGAN HOLLDINGS INC COMMON STOCKS 827048109 8,479 206,967 SH SOLE 206,967 0 0 SIRONA DENTAL SYSTEMS INC COM COMMON STOCKS 82966C103 17,651 332,410 SH SOLE 332,410 0 0 STATE STREET CORP COMMON STOCKS 857477103 420 9,320 SH SOLE 9,320 0 0 STERICYCLE INC COMMON STOCKS 858912108 6,052 67,911 SH SOLE 67,911 0 0 SUFFOLK BANCORP COMMON STOCKS 864739107 10,110 724,243 SH SOLE 724,243 0 0 SYNGENTA AG ADR COMMON STOCKS 87160A100 274 4,056 SH SOLE 4,056 0 0 SYNTEL INC COMMON STOCKS 87162H103 64,848 1,096,890 SH SOLE 1,096,890 0 0 SYSCO CORP COMMON STOCKS 871829107 13,160 422,056 SH SOLE 422,056 0 0 THE TJX COMPANIES INC COMMON STOCKS 872540109 6,034 114,872 SH SOLE 114,872 0 0 TECHNE CORP COMMON STOCKS 878377100 96,959 1,162,998 SH SOLE 1,162,998 0 0 TELEFONICA ADR COMMON STOCKS 879382208 1,160 47,363 SH SOLE 47,363 0 0 TEMPUR-PEDIC INTERNATIONAL INC COMMON STOCKS 88023U101 164,674 2,428,103 SH SOLE 2,428,103 0 0 TEVA PHARMACEUTICAL INDS ADR COMMON STOCKS 881624209 990 20,531 SH SOLE 20,531 0 0 3M COMPANY COMMON STOCKS 88579Y101 13,510 142,435 SH SOLE 142,435 0 0 TOTAL SA SPONSORED ADR COMMON STOCKS 89151E109 1,612 27,870 SH SOLE 27,870 0 0 THE TRAVELERS COMPANIES INC COMMON STOCKS 89417E109 7,410 126,935 SH SOLE 126,935 0 0 TREASURY WINE ESTATES LTD SPON ADR COMMON STOCKS 89465J109 258 70,912 SH SOLE 70,912 0 0 UNILEVER N V ADR COMMON STOCKS 904784709 954 29,038 SH SOLE 29,038 0 0 UNION PACIFIC CORPORATION COMMON STOCKS 907818108 11,520 110,347 SH SOLE 110,347 0 0 VCA ANTECH INC COMMON STOCKS 918194101 10,978 517,835 SH SOLE 517,835 0 0 VF CORPORATION COMMON STOCKS 918204108 3,965 36,522 SH SOLE 36,522 0 0 VANGUARD EMERGING MARKETS ETF ETF/ISHARE - 922042858 9,222 189,671 SH SOLE 189,671 0 0 EQUITY VERSUS TECHNOLOGY INC COMMON STOCKS 925313108 3 100,000 SH SOLE 100,000 0 0 VISA INC CL A COMMON STOCKS 92826C839 6,259 74,283 SH SOLE 74,283 0 0 VODAFONE GROUP INC COMMON STOCKS 92857W209 761 28,476 SH SOLE 28,476 0 0 WD-40 COMPANY COMMON STOCKS 929236107 59,378 1,520,947 SH SOLE 1,520,947 0 0 WAL MART STORES INC COMMON STOCKS 931142103 1,124 21,156 SH SOLE 21,156 0 0 WALGREEN COMPANY COMMON STOCKS 931422109 796 18,739 SH SOLE 18,739 0 0 WATERS CORP COMMON STOCKS 941848103 5,472 57,153 SH SOLE 57,153 0 0 WELLS FARGO & CO COMMON STOCKS 949746101 5,314 189,368 SH SOLE 189,368 0 0 WESTERN UNION COMPANY COMMON STOCKS 959802109 5,903 294,687 SH SOLE 294,687 0 0 JOHN WILEY & SONS COMMON STOCKS 968223206 69,474 1,335,781 SH SOLE 1,335,781 0 0 WORLD FUEL SERVICES CORPORATION COMMON STOCKS 981475106 83,734 2,330,487 SH SOLE 2,330,487 0 0 XILINX INC COMMON STOCKS 983919101 1,765 48,388 SH SOLE 48,388 0 0 YOUNG INNOVATIONS INC COMMON STOCKS 987520103 16,791 588,729 SH SOLE 588,729 0 0 ACCENTURE PLC CL A COMMON STOCKS G1151C101 5,743 95,046 SH SOLE 95,046 0 0 NOBLE CORPORATION COMMON STOCKS H5833N103 234 5,932 SH SOLE 5,932 0 0 STEINER LEISURE LIMITED COMMON STOCKS P8744Y102 41,084 899,382 SH SOLE 899,382 0 0