0001134007-11-000018.txt : 20111114 0001134007-11-000018.hdr.sgml : 20111111 20111114165613 ACCESSION NUMBER: 0001134007-11-000018 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 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: 111203850 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 r03q11.txt NCG 3Q11 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: September 30, 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 November 14, 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: 165 Form 13F Information Table Value Total: 1,924,336 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 Abraxas Petroleum Corp COM 003830106 3542 1341846SH Sole 539924 0 801922 Acacia Research - Acacia Tec COM 003881307 30886 858184SH Sole 428452 0 429732 Acme Packet, Inc. COM 004764106 1547 36313SH Sole 36313 0 0 Advisory Board Co (The) COM 00762W107 2366 36666SH Sole 36666 0 0 Akorn Inc COM 009728106 4427 566886SH Sole 227231 0 339655 Alexion Pharmaceuticals, Inc. COM 015351109 2099 32770SH Sole 32770 0 0 Allergan, Inc. COM 018490102 7843 95207SH Sole 80518 0 14689 Amazon.Com COM 023135106 9043 41819SH Sole 36037 0 5782 Amerigon Inc COM 03070L300 7972 626220SH Sole 250704 0 375516 Ansys Inc COM 03662Q105 2693 54908SH Sole 54908 0 0 Apple Computer Inc COM 037833100 8978 23552SH Sole 20341 0 3211 Ariba Inc COM 04033V203 16153 582933SH Sole 313444 0 269489 Aruba Networks COM 043176106 2015 96385SH Sole 96385 0 0 Astronics Corp COM 046433108 8388296928.5SH Sole 119186.1 0177742.4 AthenaHealth Inc COM 04685W103 32515 546012SH Sole 272653 0 273359 Atmel Corp COM 049513104 1596 197804SH Sole 197804 0 0 BJ's Restaurant, Inc. COM 09180C106 44861 1017036SH Sole 534086 0 482950 Baidu Inc - Spon ADR COM 056752108 3150 29462SH Sole 25411 0 4051 Bankrate Inc COM 06647F102 2380 156486SH Sole 156486 0 0 Be Aerospace, Inc. COM 073302101 38031 1148623SH Sole 618355 0 530268 Biolase Technology Inc COM 090911108 3732 1244056SH Sole 498229.4 0745826.3 Body Central Corp COM 09689U102 6716 369813SH Sole 148122 0 221691 Boeing Co COM 097023105 6341 104792SH Sole 90298 0 14494 Borgwarner, Inc. COM 099724106 1545 25521SH Sole 25521 0 0 Broadcom Corporation COM 111320107 2095 62930SH Sole 55062 0 7868 Broadsoft Inc COM 11133B409 33456 1102350SH Sole 536452 0 565898 C&J Energy Services COM 12467B304 9620 585142SH Sole 292120 0 293022 Carbo Ceramics Inc COM 140781105 827 8070SH Sole 8070 0 0 Catalyst Health Solutions, IncCOM 14888B103 18423 319349SH Sole 195181 0 124168 Caterpillar Inc COM 149123101 1920 26007SH Sole 22410 0 3597 Cepheid Inc COM 15670R107 39102 1007013SH Sole 503250 0 503763 Cerner Corp COM 156782104 2309 33697SH Sole 28493 0 5204 Chart Industries, Inc. COM 16115Q308 40499 960377SH Sole 480044 0 480333 Chicago Brdg + Iron Co N V COM 167250109 3180 111071SH Sole 111071 0 0 Chipotle Mexican Grill, Inc COM 169656105 7066 23324SH Sole 21606 0 1718 Citrix Systems Inc. COM 177376100 3895 71435SH Sole 62248 0 9187 Cognizant Tech Solutions COM 192446102 5838 93118SH Sole 80240 0 12878 Commercial Vehicle Group COM 202608105 3722 566527SH Sole 226891 0 339636 Complete Production Services COM 20453E109 839 44493SH Sole 44493 0 0 Concur Technologies Inc COM 206708109 32119 862945SH Sole 463845 0 399100 Cornerstone on Demand COM 21925Y103 6158 491060SH Sole 196856 0 294204 Costco Wholesale Corp COM 22160K105 7019 85470SH Sole 73653 0 11817 Crocs Inc COM 227046109 1594 67344SH Sole 67344 0 0 Cummins, Inc COM 231021106 4723 57834SH Sole 49839 0 7995 Cypress Semiconductor COM 232806109 15722 1050249SH Sole 564247 0 486002 DTS Inc COM 23335C101 25002 1006920SH Sole 481453 0 525467 Deere & Co COM 244199105 5705 88349SH Sole 76178 0 12171 Derma Sciences COM 249827502 2671 333824SH Sole 133676 0 200148 Dice Holdings Inc COM 253017107 14027 1793781SH Sole 850119 0 943662 Dynamic Materials Corp COM 267888105 6681 424193SH Sole 170191 0 254002 EMC Communications CorporationCOM 268648102 3485 166029SH Sole 143079 0 22950 Ebay, Inc. COM 278642103 3671 124484SH Sole 107266 0 17218 Ellie Mae Inc COM 28849P100 5807 1044491SH Sole 419399 0 625092 Encore Captial Group COM 292554102 7246 331623SH Sole 132757 0 198866 Equinix Inc COM 29444U502 2845 32027SH Sole 32027 0 0 Exlservice Holdings Inc. COM 302081104 7545 342963SH Sole 179234 0 163729 Express Scripts Inc COM 302182100 4148 111889SH Sole 94801 0 17088 Faro Technologies Inc COM 311642102 10973 347797SH Sole 181994 0 165803 Fastenal Co COM 311900104 6795 204174SH Sole 175938 0 28236 Fedex Corporation COM 31428X106 4790 70775SH Sole 61125 0 9650 Financial Engines Inc COM 317485100 25138 1388050SH Sole 672800 0 715250 Flotek Industries COM 343389102 3602 771224SH Sole 306748 0 464476 Fluor Corp COM 343412102 4624 99333SH Sole 85628 0 13705 Francescas Holdings COM 351793104 19270 908548SH Sole 454569 0 453979 Freightcar America COM 357023100 1894 131450SH Sole 65874 0 65576 Fresh Market Inc. COM 35804H106 29427 771145SH Sole 385083 0 386062 Furmanite Corp COM 361086101 2753 508938SH Sole 203782 0 305156 Genesee & Wyoming Inc COM 371559105 1785 38372SH Sole 38372 0 0 Gentex Corp COM 371901109 45502 1891991SH Sole 1002080 0 889911 Georesources COM 372476101 2101 118115SH Sole 47348 0 70767 Google Inc-CL A COM 38259P508 2143 4167SH Sole 3591 0 576 Graham Corp COM 384556106 6908 415161SH Sole 166215 0 248946 Grand Canyon Education Inc COM 38526M106 22534 1395288SH Sole 679925 0 715363 Green Mountain Coffee RoastersCOM 393122106 6216 66878SH Sole 57669 0 9209 Greenbrier Companies COM 393657101 2419 207657SH Sole 83130 0 124527 H&E Equipment Services COM 404030108 18065 2189716SH Sole 1093465 0 1096251 HMS Holdings Corp COM 40425J101 48694 1996477SH Sole 1041263 0 955214 Healthstream Inc COM 42222N103 2971 231562SH Sole 92823 0 138739 Heico Corp COM 422806109 2751 55870SH Sole 55870 0 0 Heritage-Crystal Clean Inc COM 42726M106 5232 288125SH Sole 115380 0 172745 Hittite Microwave Corp COM 43365Y104 31407 644915SH Sole 345593 0 299322 Home Away COM 43739Q100 1821 54174SH Sole 54174 0 0 Hub Group Inc COM 443320106 1218 43076SH Sole 43076 0 0 Hunt (JB) Transport Services COM 445658107 3159 87459SH Sole 87459 0 0 IPG Photonics Corp COM 44980X109 11276 259573SH Sole 129642 0 129931 Insulet Corp COM 45784P101 4614 302382SH Sole 116785 0 185597 Intuitive Surgical Inc. COM 46120E602 1855 5093SH Sole 4308 0 785 Johnson Controls INc COM 478366107 3108 117853SH Sole 101554 0 16299 Kansas City Southern COM 485170302 3323 66507SH Sole 66507 0 0 Kenexa Corporation COM 488879107 5520 352962SH Sole 141497 0 211465 Kit Digital COM 482470200 2287 272254SH Sole 109875 0 162379 Liveperson, Inc. COM 538146101 4947 497202SH Sole 200835 0 296367 LogMeIn, Inc. COM 54142L109 3533 106383SH Sole 42741 0 63642 Lufkin Industries COM 549764108 14118 265327SH Sole 142515 0 122812 Lululemon Athletica Inc COM 550021109 2396 49247SH Sole 49247 0 0 Magnum Hunter Resources Corp COM 55973B102 2378 718484SH Sole 287643 0 430841 Maxwell Technologies, Inc COM 577767106 6785 368547SH Sole 147669 0 220878 Merge Healthcare COM 589499102 2937 482239SH Sole 193386 0 288853 Mosaic Co COM 61945C103 5570 113749SH Sole 98005 0 15744 NIC Inc COM 62914B100 16148 1410347SH Sole 705906 0 704441 Netsuite COM 64118Q107 39719 1470541SH Sole 734463 0 736078 Nokia Corporation COM 654902204 1911 337640SH Sole 290954 0 46686 Northern Oil & Gas COM 665531109 18444 951189SH Sole 544134 0 407055 NxStage Medical Inc COM 67072V103 55828 2676318SH Sole 1304549 0 1371769 OCZ Technology Group COM 67086E303 2788 574947SH Sole 230161 0 344786 Old Dominion Freight Line COM 679580100 23484 810615SH Sole 404312 0 406303 Opnet Tech COM 683757108 8601 246371SH Sole 98860 0 147511 Oracle Systems Corporation COM 68389X105 6262 217890SH Sole 188477 0 29413 Pegasystems, Inc. COM 705573103 15834 517268SH Sole 293316 0 223952 Polypore International, Inc COM 73179V103 3139 55545SH Sole 55545 0 0 Portfolio Recovery AssociationCOM 73640Q105 36255 582683SH Sole 305163 0 277520 Praxair Inc COM 74005P104 4761 50932SH Sole 43914 0 7018 Precision Castparts Corp COM 740189105 7563 48646SH Sole 41917 0 6729 Priceline.com COM 741503403 6854 15249SH Sole 13137 0 2112 Pros Hldgs Inc COM 74346Y103 2398 186012SH Sole 74606 0 111406 Qlik Technologies COM 74733T105 32850 1516637SH Sole 783536 0 733101 Qualcomm Inc COM 747525103 2297 47236SH Sole 41314 0 5922 Quality Systems INc. COM 747582104 21199 218548SH Sole 109124 0 109424 Questcor Pharmaceuticals COM 74835Y101 38985 1430119SH Sole 715439 0 714680 RTI International Metals Inc. COM 74973W107 16633 713267SH Sole 380620 0 332647 Ralph Lauren Corp COM 751212101 1943 14981SH Sole 13012 0 1969 Realpage Inc COM 75606N109 44992 2200104SH Sole 1163987 0 1036117 Rightnow Technologies COM 76657R106 37686 1140268SH Sole 569477 0 570791 Riverbed Technology Inc COM 768573107 1207 60471SH Sole 60471 0 0 Rogers Corp COM 775133101 2238 57182SH Sole 22929 0 34253 Rosetta Resources COM 777779307 30757 898788SH Sole 449112 0 449676 Rue21 Inc COM 781295100 3884 171191SH Sole 99286 0 71905 SPS Commerce Inc COM 78463M107 5734 351985SH Sole 141158 0 210827 SXC Health Solutions Corp COM 78505P100 51880 931411SH Sole 502279 0 429132 Salesforce.com Inc COM 79466L302 6254 54724SH Sole 47158 0 7566 Salix Pharamaceuticals COM 795435106 47523 1605508SH Sole 853415 0 752093 Schlumberger COM 806857108 3348 56054SH Sole 48334 0 7720 Servicesource International COM 81763U100 3588 271601SH Sole 108730 0 162871 Shoretel Inc COM 825211105 2563 514639SH Sole 206340 0 308299 Shutterfly Inc COM 82568P304 33345 809737SH Sole 404686 0 405051 Silicon Image, Inc COM 82705T102 3590 611656SH Sole 244875 0 366781 Skyworks Solutions, Inc. COM 83088M102 1120 62444SH Sole 62444 0 0 Sourcefire Inc COM 83616T108 6847 255869SH Sole 102515 0 153354 Starbucks Corp. COM 855244109 3809 102158SH Sole 88028 0 14130 Summer Infant Inc COM 865646103 4002 606329SH Sole 242749 0 363580 Syntel Inc COM 87162H103 25199 583448SH Sole 291390 0 292058 Taleo Corp - Class A COM 87424N104 15564 605130SH Sole 302219 0 302911 Tangoe Inc COM 87582Y108 6130 541990SH Sole 216490 0 325500 Teavana Holdings COM 87819P102 27180 1336265SH Sole 668252 0 668013 Tenneco, Inc COM 880349105 34666 1353597SH Sole 675658 0 677939 Titan International COM 88830M102 34540 2302648SH Sole 1123817 0 1178831 Ultimate Software Group Inc. COM 90385D107 47326 1012968SH Sole 538503 0 474465 Ultra Salon Cosmetics & FragraCOM 90384S303 2178 34997SH Sole 34997 0 0 Under Armour Inc. COM 904311107 1088 16390SH Sole 16390 0 0 Union Pacific Corp COM 907818108 5390 65996SH Sole 56972 0 9024 United Therapeutics Corp COM 91307C102 1184 31574SH Sole 31574 0 0 VMWare Inc COM 928563402 5654 70343SH Sole 60614 0 9729 Verifone Systems Inc COM 92342Y109 3470 99084SH Sole 99084 0 0 Virtusa Corp COM 92827P102 8074 611663SH Sole 244864 0 366799 Visa Inc COM 92826C839 4844 56511SH Sole 49144 0 7367 Vitran Corp Inc COM 92850E107 4 1051SH Sole 1051 0 0 Vocus Inc COM 92858J108 6696 399547SH Sole 159950 0 239597 Volcano Corp COM 928645100 17841 602136SH Sole 322004 0 280132 Wabash National COM 929566107 10880 2280880SH Sole 1138858 0 1142022 Wabco Holdings Inc COM 92927K102 31153 822852SH Sole 440935 0 381917 Wabtec Corp COM 929740108 1767 33422SH Sole 33422 0 0 Walter Investment Management COM 93317W102 2618 114181SH Sole 45772 0 68409 Whole Foods Market Inc COM 966837106 3021 46260SH Sole 39864 0 6396 WisdomTree Investments Inc COM 97717P104 1382 196909SH Sole 77090 0 119819 Wynn Resorts COM 983134107 1603 13927SH Sole 12001 0 1926