0001140361-13-019393.txt : 20130508 0001140361-13-019393.hdr.sgml : 20130508 20130508141742 ACCESSION NUMBER: 0001140361-13-019393 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130508 DATE AS OF CHANGE: 20130508 EFFECTIVENESS DATE: 20130508 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: 13823918 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: 3/31/2013 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 5/8/2013 --------------------------------- --------------------------------- ---------- [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: 251 Form 13F Information Table Value Total: $ 4,768,353 -------------- (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 8,444 306,071 SH SOLE 306,071 0 0 AGL RESOURCES INC COMMON STOCKS 001204106 15,900 379,030 SH SOLE 379,030 0 0 AARONS INC CL A COMMON STOCKS 002535300 3,690 128,674 SH SOLE 128,674 0 0 ABAXIS INC COMMON STOCKS 002567105 90,732 1,917,403 SH SOLE 1,917,403 0 0 ABBOTT LABS COMMON STOCKS 002824100 204 5,788 SH SOLE 5,788 0 0 ABBVIE INC COM COMMON STOCKS 00287Y109 236 5,788 SH SOLE 5,788 0 0 ADTRAN INC COM COMMON STOCKS 00738A106 25,371 1,291,150 SH SOLE 1,291,150 0 0 ADVANCE AUTO PARTS INC COMMON STOCKS 00751Y106 3,630 43,924 SH SOLE 43,924 0 0 ADVISORY BOARD CO COMMON STOCKS 00762W107 23,781 452,795 SH SOLE 452,795 0 0 AIRGAS INC COMMON STOCKS 009363102 2,303 23,229 SH SOLE 23,229 0 0 AMERICAN EXPRESS CO COMMON STOCKS 025816109 16,027 237,571 SH SOLE 237,571 0 0 AMPHENOL CORP NEW CL A COMMON STOCKS 032095101 28,930 387,545 SH SOLE 387,545 0 0 ANSYS INC COMMON STOCKS 03662Q105 137,211 1,685,227 SH SOLE 1,685,227 0 0 APACHE CORP COMMON STOCKS 037411105 9,938 128,794 SH SOLE 128,794 0 0 APPLE INC COMMON STOCKS 037833100 50,247 113,511 SH SOLE 113,511 0 0 APTARGROUP INC COMMON STOCKS 038336103 52,702 918,948 SH SOLE 918,948 0 0 ARES CAPITAL CORPORATION COMMON STOCKS 04010L103 1,949 107,667 SH SOLE 107,667 0 0 AUTOMATIC DATA PROCESSING COMMON STOCKS 053015103 378 5,806 SH SOLE 5,806 0 0 BP ADR COMMON STOCKS 055622104 732 17,295 SH SOLE 17,295 0 0 BADGER METER INC COMMON STOCKS 056525108 40,175 750,657 SH SOLE 750,657 0 0 BALCHEM CORPORATION COMMON STOCKS 057665200 20,091 457,227 SH SOLE 457,227 0 0 IPATH DJ UBS COMMODITY INDEX TOTAL ETF/ISHARE - 06738C778 2,466 60,717 SH SOLE 60,717 0 0 RET ETN EQUITY BAXTER INTL INC COMMON STOCKS 071813109 11,527 158,691 SH SOLE 158,691 0 0 BED BATH & BEYOND INC COMMON STOCKS 075896100 21,467 333,240 SH SOLE 333,240 0 0 BERKSHIRE HATHAWAY INC CL A COMMON STOCKS 084670108 469 3 SH SOLE 3 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW COMMON STOCKS 084670702 443 4,250 SH SOLE 4,250 0 0 BLACKBAUD INC COMMON STOCKS 09227Q100 41,133 1,388,215 SH SOLE 1,388,215 0 0 BRITISH AMERICAN TOBACCO PLC COMMON STOCKS 110448107 724 6,767 SH SOLE 6,767 0 0 SPONSORED ADR BRITISH SKY BROADCASTING GRP COMMON STOCKS 111013108 622 11,602 SH SOLE 11,602 0 0 SPONSORED ADR BROWN & BROWN INC COMMON STOCKS 115236101 73,675 2,299,454 SH SOLE 2,299,454 0 0 BROWN FORMAN CORP CL B COMMON STOCKS 115637209 2,862 40,091 SH SOLE 40,091 0 0 C H ROBINSON WORLDWIDE INC COMMON STOCKS 12541W209 14,953 251,485 SH SOLE 251,485 0 0 CME GROUP INC COMMON STOCKS 12572Q105 11,553 188,137 SH SOLE 188,137 0 0 CNOOC LIMITED SPONSORED ADR COMMON STOCKS 126132109 1,226 6,402 SH SOLE 6,402 0 0 CRH PLC COMMON STOCKS 12626K203 1,396 63,201 SH SOLE 63,201 0 0 CABOT MICROELECTRONICS CORP COMMON STOCKS 12709P103 29,430 846,893 SH SOLE 846,893 0 0 CAMERON INTERNATIONAL CORP COMMON STOCKS 13342B105 2,405 36,890 SH SOLE 36,890 0 0 CARBO CERAMICS INC COMMON STOCKS 140781105 21,400 234,983 SH SOLE 234,983 0 0 CASS INFORMATION SYSTEMS INC COMMON STOCKS 14808P109 41,382 984,352 SH SOLE 984,352 0 0 CHEFS WAREHOUSE INC COM COMMON STOCKS 163086101 18,854 1,020,797 SH SOLE 1,020,797 0 0 CHEVRON CORPORATION COMMON STOCKS 166764100 312 2,625 SH SOLE 2,625 0 0 CHINA MOBILE LTD SPONSORED ADR COMMON STOCKS 16941M109 1,070 20,134 SH SOLE 20,134 0 0 CHUNGHWA TELECOM COM LTD SPON ADR NEW COMMON STOCKS 17133Q502 712 22,883 SH SOLE 22,883 0 0 CHURCH & DWIGHT CO COMMON STOCKS 171340102 18,106 280,152 SH SOLE 280,152 0 0 CINCINNATI FINANCIAL CORP COMMON STOCKS 172062101 208 4,399 SH SOLE 4,399 0 0 CLARCOR INC COMMON STOCKS 179895107 81,148 1,549,223 SH SOLE 1,549,223 0 0 COCA-COLA CO COMMON STOCKS 191216100 38,354 948,424 SH SOLE 948,424 0 0 COGNEX CORP COM COMMON STOCKS 192422103 24,647 584,747 SH SOLE 584,747 0 0 COHEN & STEERS INC COMMON STOCKS 19247A100 56,121 1,555,892 SH SOLE 1,555,892 0 0 COLGATE-PALMOLIVE COMPANY COMMON STOCKS 194162103 22,384 189,649 SH SOLE 189,649 0 0 COMPUTER PROGRAMS AND SYSTEMS INC COMMON STOCKS 205306103 81,509 1,506,350 SH SOLE 1,506,350 0 0 COPART INC COMMON STOCKS 217204106 102,092 2,979,043 SH SOLE 2,979,043 0 0 CORPORATE EXECUTIVE BOARD CO COMMON STOCKS 21988R102 45,258 778,159 SH SOLE 778,159 0 0 COSTCO WHOLESALE CORP COMMON STOCKS 22160K105 21,158 199,396 SH SOLE 199,396 0 0 DANAHER CORP COMMON STOCKS 235851102 13,755 221,314 SH SOLE 221,314 0 0 DEERE & CO COMMON STOCKS 244199105 8,477 98,593 SH SOLE 98,593 0 0 DENTSPLY INTERNATIONAL INC COMMON STOCKS 249030107 3,934 92,706 SH SOLE 92,706 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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- DIAGEO PLC SPONSORED ADR COMMON STOCKS 25243Q205 8,748 69,516 SH SOLE 69,516 0 0 DICKS SPORTING GOODS INC OC-COM COMMON STOCKS 253393102 709 14,988 SH SOLE 14,988 0 0 DIGITAL REALTY TRUST INC COMMON STOCKS 253868103 12,251 183,104 SH SOLE 183,104 0 0 DOLLAR TREE INC COMMON STOCKS 256746108 866 17,881 SH SOLE 17,881 0 0 DONALDSON INC COMMON STOCKS 257651109 11,138 307,774 SH SOLE 307,774 0 0 DOVER CORP COMMON STOCKS 260003108 364 5,000 SH SOLE 5,000 0 0 DRESSER-RAND GROUP INC COMMON STOCKS 261608103 22,163 359,437 SH SOLE 359,437 0 0 EQT CORPORATION COMMON STOCKS 26884L109 1,567 23,130 SH SOLE 23,130 0 0 EPR PPTYS COM SH BEN INT COMMON STOCKS 26884U109 31,248 600,351 SH SOLE 600,351 0 0 EATON VANCE CORP COMMON STOCKS 278265103 73,939 1,767,598 SH SOLE 1,767,598 0 0 EMERSON ELEC CO COMMON STOCKS 291011104 20,240 362,262 SH SOLE 362,262 0 0 EQUIFAX INC COMMON STOCKS 294429105 9,014 156,515 SH SOLE 156,515 0 0 EXPEDITORS INTERNATIONAL OF COMMON STOCKS 302130109 29,723 831,877 SH SOLE 831,877 0 0 WASHINGTON INC EXPONENT INC COMMON STOCKS 30214U102 83,363 1,545,469 SH SOLE 1,545,469 0 0 EXXON MOBIL CORPORATION COMMON STOCKS 30231G102 17,636 195,716 SH SOLE 195,716 0 0 FLIR SYSTEMS INC COMMON STOCKS 302445101 8,656 332,812 SH SOLE 332,812 0 0 FMC TECHNOLOGIES INC COMMON STOCKS 30249U101 1,942 35,703 SH SOLE 35,703 0 0 FACTSET RESEARCH SYSTEMS INC COMMON STOCKS 303075105 96,121 1,038,020 SH SOLE 1,038,020 0 0 FASTENAL COMPANY COMMON STOCKS 311900104 17,385 338,683 SH SOLE 338,683 0 0 FEDERATED INVESTORS INC CL B COMMON STOCKS 314211103 60,680 2,563,578 SH SOLE 2,563,578 0 0 FEDEX CORP COMMON STOCKS 31428X106 530 5,400 SH SOLE 5,400 0 0 FIFTH THIRD BANCORP COMMON STOCKS 316773100 7,515 460,732 SH SOLE 460,732 0 0 FINANCIAL ENGINES INC COM COMMON STOCKS 317485100 11,314 312,372 SH SOLE 312,372 0 0 FIRST CASH FINL SVCS INC COM COMMON STOCKS 31942D107 66,958 1,147,713 SH SOLE 1,147,713 0 0 FORRESTER RESEARCH INC COM COMMON STOCKS 346563109 11,919 376,586 SH SOLE 376,586 0 0 FRANKLIN RESOURCES INC COMMON STOCKS 354613101 17,970 119,153 SH SOLE 119,153 0 0 GARTNER GROUP INC NEW CL A COMMON STOCKS 366651107 3,168 58,218 SH SOLE 58,218 0 0 GENERAL ELECTRIC COMPANY COMMON STOCKS 369604103 863 37,309 SH SOLE 37,309 0 0 GENUINE PARTS CO COMMON STOCKS 372460105 10,962 140,538 SH SOLE 140,538 0 0 GLAXOSMITHKLINE ADR COMMON STOCKS 37733W105 1,026 21,862 SH SOLE 21,862 0 0 GRACO INC COMMON STOCKS 384109104 55,256 952,200 SH SOLE 952,200 0 0 HMS HOLDINGS CORPORATION COMMON STOCKS 40425J101 1,541 56,761 SH SOLE 56,761 0 0 HAEMONETICS CORP COMMON STOCKS 405024100 77,142 1,851,716 SH SOLE 1,851,716 0 0 HEARTLAND EXPRESS INC COMMON STOCKS 422347104 3,529 264,576 SH SOLE 264,576 0 0 HEICO CORPORATION CL A COMMON STOCKS 422806208 9,837 286,696 SH SOLE 286,696 0 0 JACK HENRY & ASSOCIATES INC COMMON STOCKS 426281101 177,349 3,837,882 SH SOLE 3,837,882 0 0 HERSHEY FOODS CORP COMMON STOCKS 427866108 490 5,600 SH SOLE 5,600 0 0 HIBBETT SPORTS INC COM COMMON STOCKS 428567101 9,769 173,615 SH SOLE 173,615 0 0 HILLENBRAND INC COMMON STOCKS 431571108 51,825 2,050,047 SH SOLE 2,050,047 0 0 HITTITE MICROWAVE CORP COMMON STOCKS 43365Y104 104,965 1,733,242 SH SOLE 1,733,242 0 0 ILLINOIS TOOL WORKS INC COMMON STOCKS 452308109 449 7,360 SH SOLE 7,360 0 0 INTERNATIONAL BUSINESS MACHINES CO COMMON STOCKS 459200101 14,282 66,956 SH SOLE 66,956 0 0 INTERNATIONAL FLAVORS AND FRAGRANCES COMMON STOCKS 459506101 9,610 125,348 SH SOLE 125,348 0 0 INC INTUIT INC COMMON STOCKS 461202103 1,172 17,842 SH SOLE 17,842 0 0 INTUITIVE SURGICAL INC COMMON STOCKS 46120E602 21,690 44,158 SH SOLE 44,158 0 0 ISHARES MSCI EMERGING MKTS MIN ETF/ISHARE - 464286533 566 9,302 SH SOLE 9,302 0 0 VOLATILITY EQUITY ISHARES MSCI BRIC INDEX FUND ETF/ISHARE - 464286657 273 7,019 SH SOLE 7,019 0 0 EQUITY ISHARES MSCI SINGAPORE INDEX FUND ETF/ISHARE - 464286673 2,380 170,491 SH SOLE 170,491 0 0 EQUITY ISHARES MSCI TAIWAN INDEX FUND ETF/ISHARE - 464286731 1,051 78,752 SH SOLE 78,752 0 0 EQUITY ISHARES MSCI MALAYSIA INDEX FUND ETF/ISHARE - 464286830 2,407 160,759 SH SOLE 160,759 0 0 EQUITY ISHARES FTSE/XINHUA CHINA 25 INDEX ETF/ISHARE - 464287184 370 10,028 SH SOLE 10,028 0 0 FUND EQUITY ISHARES S&P 500 INDEX FUND ETF/ISHARE - 464287200 1,981 12,586 SH SOLE 12,586 0 0 EQUITY

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 BARCLAYS AGGREGATE BOND FUND ETF/ISHARE - 464287226 547 4,941 SH SOLE 4,941 0 0 FIXED ISHARES MSCI EMERGING MARKETS INDEX ETF/ISHARE - 464287234 2,403 56,183 SH SOLE 56,183 0 0 FUND EQUITY ISHARES IBOXX INVESTMENT GRADE ETF/ISHARE - 464287242 791 6,601 SH SOLE 6,601 0 0 CORPORATE BD FIXED ISHARES MSCI EAFE INDEX FUND ETF/ISHARE - 464287465 2,639 44,739 SH SOLE 44,739 0 0 EQUITY ISHARES RUSSELL MIDCAP VALUE INDEX ETF/ISHARE - 464287473 320 5,610 SH SOLE 5,610 0 0 FUND EQUITY ISHARES RUSSELL MIDCAP INDEX FUND ETF/ISHARE - 464287499 5,396 42,390 SH SOLE 42,390 0 0 EQUITY ISHARES NASDAQ BIOTECHNOLOGY INDEX ETF/ISHARE - 464287556 669 4,183 SH SOLE 4,183 0 0 FUND EQUITY ISHARES COHEN & STEERS REALTY MAJ ETF/ISHARE - 464287564 5,907 71,639 SH SOLE 71,639 0 0 INDEX FD EQUITY ISHARES RUSSELL 1000 VALUE INDEX FUND ETF/ISHARE - 464287598 2,336 28,782 SH SOLE 28,782 0 0 EQUITY ISHARES RUSSELL 1000 GROWTH INDEX ETF/ISHARE - 464287614 5,671 79,466 SH SOLE 79,466 0 0 FUND EQUITY ISHARES RUSSELL 1000 INDEX FUND ETF/ISHARE - 464287622 2,655 30,447 SH SOLE 30,447 0 0 EQUITY ISHARES RUSSELL 2000 VALUE INDEX FUND ETF/ISHARE - 464287630 204 2,440 SH SOLE 2,440 0 0 EQUITY ISHARES RUSSELL 2000 INDEX FUND ETF/ISHARE - 464287655 849 8,990 SH SOLE 8,990 0 0 EQUITY ISHARES RUSSELL 3000 GROWTH INDEX ETF/ISHARE - 464287671 237 4,055 SH SOLE 4,055 0 0 FUND EQUITY ISHARES RUSSELL 3000 INDEX FUND ETF/ISHARE - 464287689 894 9,569 SH SOLE 9,569 0 0 EQUITY ISHARES DJ US HEALTHCARE SEC INDEX FD ETF/ISHARE - 464287762 1,221 12,667 SH SOLE 12,667 0 0 EQUITY ISHARES S&P CALIFORNIA MUNICIPAL ETF/ISHARE - 464288356 2,581 22,487 SH SOLE 22,487 0 0 BOND FUND FIXED ISHARES S&P NATL AMT-FREE MUNI BOND ETF/ISHARE - 464288414 1,064 9,660 SH SOLE 9,660 0 0 FUND FIXED ISHARES IBOXX HIGH YLD CORPORATE ETF/ISHARE - 464288513 6,019 63,791 SH SOLE 63,791 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 439 3,903 SH SOLE 3,903 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 1,772 16,789 SH SOLE 16,789 0 0 FUND FIXED ISHARES S&P GLOBAL UTILITIES ETF/ISHARE - 464288711 1,669 38,667 SH SOLE 38,667 0 0 EQUITY ISHARES MSCI EAFE MINIMUM VOLATILITY ETF/ISHARE - 46429B689 613 10,260 SH SOLE 10,260 0 0 FD EQUITY JPMORGAN CHASE & CO COMMON STOCKS 46625H100 427 9,003 SH SOLE 9,003 0 0 JPMORGAN ALERIAN MLP INDEX ETN ETF/ISHARE - 46625H365 3,558 78,243 SH SOLE 78,243 0 0 EQUITY JOHNSON & JOHNSON COMMON STOCKS 478160104 17,022 208,777 SH SOLE 208,777 0 0 KAYNE ANDERSON MLP INVT CO - KYN ETF/ISHARE - 486606106 34,800 1,002,301 SH SOLE 1,002,301 0 0 EQUITY KAYNE ANDERSON ENERGY TOT RET FD - ETF/ISHARE - 48660P104 4,260 143,147 SH SOLE 143,147 0 0 KYE EQUITY KAYNE ANDERSON ENERGY DEV CO - KED ETF/ISHARE - 48660Q102 3,255 124,181 SH SOLE 124,181 0 0 EQUITY

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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- KAYNE ANDERSON MDSTM ENERGY COM ETF/ISHARE - 48661E108 3,627 109,243 SH SOLE 109,243 0 0 EQUITY KIMBERLY CLARK CORPORATION COMMON STOCKS 494368103 10,091 102,986 SH SOLE 102,986 0 0 LANDSTAR SYSTEM INC COMMON STOCKS 515098101 120,080 2,103,341 SH SOLE 2,103,341 0 0 LINCOLN ELECTRIC HOLDINGS INC COMMON STOCKS 533900106 65,288 1,205,020 SH SOLE 1,205,020 0 0 LINEAR TECHNOLOGY CORP COMMON STOCKS 535678106 2,963 77,211 SH SOLE 77,211 0 0 LORILLARD INC COMMON STOCKS 544147101 14,574 361,182 SH SOLE 361,182 0 0 LOWES COMPANIES INC COMMON STOCKS 548661107 11,289 297,706 SH SOLE 297,706 0 0 MSC INDUSTRIAL DIRECT CO INC - A COMMON STOCKS 553530106 38,110 444,275 SH SOLE 444,275 0 0 MSCI INC CL A COMMON STOCKS 55354G100 10,086 297,256 SH SOLE 297,256 0 0 MAKITA CORP ADR COMMON STOCKS 560877300 1,591 35,982 SH SOLE 35,982 0 0 MATTEL INC COMMON STOCKS 577081102 9,816 224,263 SH SOLE 224,263 0 0 MCDONALDS CORP COMMON STOCKS 580135101 1,314 13,185 SH SOLE 13,185 0 0 MEAD JOHNSON NUTRITION CO COM CL A COMMON STOCKS 582839106 2,030 26,206 SH SOLE 26,206 0 0 MERCADOLIBRE INC COM COMMON STOCKS 58733R102 19,732 204,346 SH SOLE 204,346 0 0 MERCK & COMPANY COMMON STOCKS 58933Y105 441 9,974 SH SOLE 9,974 0 0 MESA LABS INC COM COMMON STOCKS 59064R109 3,938 74,618 SH SOLE 74,618 0 0 MICROS SYS INC COMMON STOCKS 594901100 28,754 631,810 SH SOLE 631,810 0 0 MICROSOFT CORP COMMON STOCKS 594918104 409 14,299 SH SOLE 14,299 0 0 MONRO MUFFLER BRAKE INC COM COMMON STOCKS 610236101 10,637 267,870 SH SOLE 267,870 0 0 MONSTER BEVERAGE CORP COM COMMON STOCKS 611740101 2,838 59,437 SH SOLE 59,437 0 0 MORNINGSTAR INC COMMON STOCKS 617700109 10,079 144,152 SH SOLE 144,152 0 0 NVE CORP COM NEW COMMON STOCKS 629445206 8,280 146,760 SH SOLE 146,760 0 0 NATIONAL BEVERAGE CORP COM COMMON STOCKS 635017106 27,180 1,934,536 SH SOLE 1,934,536 0 0 NATIONAL GRID PLC SPON ADR COMMON STOCKS 636274300 700 12,068 SH SOLE 12,068 0 0 NATIONAL INSTRUMENTS CORPORATION COMMON STOCKS 636518102 11,481 350,569 SH SOLE 350,569 0 0 NATIONAL INTERSTATE CORP COM COMMON STOCKS 63654U100 18,527 617,987 SH SOLE 617,987 0 0 NATIONAL-OILWELL VARCO INC COMMON STOCKS 637071101 33,960 480,001 SH SOLE 480,001 0 0 NATIONAL RESEARCH CORP COMMON STOCKS 637372103 14,518 251,142 SH SOLE 251,142 0 0 NIKE INC CL B COMMON STOCKS 654106103 20,713 351,009 SH SOLE 351,009 0 0 NORDSON CORP COMMON STOCKS 655663102 9,547 144,755 SH SOLE 144,755 0 0 NOVARTIS AG ADR COMMON STOCKS 66987V109 13,348 187,360 SH SOLE 187,360 0 0 OMNICOM GROUP COMMON STOCKS 681919106 10,070 170,975 SH SOLE 170,975 0 0 OMEGA FLEX INC COMMON STOCKS 682095104 3,076 178,950 SH SOLE 178,950 0 0 ORACLE CORP COMMON STOCKS 68389X105 11,244 347,787 SH SOLE 347,787 0 0 OWENS & MINOR INC COMMON STOCKS 690732102 132,857 4,080,369 SH SOLE 4,080,369 0 0 PNC FINANCIAL CORP COMMON STOCKS 693475105 18,591 279,562 SH SOLE 279,562 0 0 PPG INDUSTRIES INC COMMON STOCKS 693506107 7,668 57,250 SH SOLE 57,250 0 0 PEPSICO INC COMMON STOCKS 713448108 1,047 13,233 SH SOLE 13,233 0 0 PERRIGO COMPANY COMMON STOCKS 714290103 15,010 126,412 SH SOLE 126,412 0 0 PETSMART INC COMMON STOCKS 716768106 12,062 194,243 SH SOLE 194,243 0 0 PLAINS ALL AMER PIPELINE L UNIT L P COMMON STOCKS 726503105 511 9,056 SH SOLE 9,056 0 0 INT POOL CORP COMMON STOCKS 73278L105 79,040 1,646,658 SH SOLE 1,646,658 0 0 PRAXAIR INC COMMON STOCKS 74005P104 18,832 168,835 SH SOLE 168,835 0 0 PRECISION CASTPARTS CORP COM COMMON STOCKS 740189105 12,000 63,283 SH SOLE 63,283 0 0 T ROWE PRICE GROUP INC COMMON STOCKS 74144T108 24,063 321,395 SH SOLE 321,395 0 0 PRICELINE INC COMMON STOCKS 741503403 15,135 21,993 SH SOLE 21,993 0 0 PRICESMART INC COM COMMON STOCKS 741511109 10,053 129,166 SH SOLE 129,166 0 0 PROCTER & GAMBLE COMPANY COMMON STOCKS 742718109 952 12,357 SH SOLE 12,357 0 0 QUALCOMM INC COMMON STOCKS 747525103 28,812 430,409 SH SOLE 430,409 0 0 QUEST DIAGNOSTICS INC COMMON STOCKS 74834L100 9,293 164,587 SH SOLE 164,587 0 0 QUESTAR CORP COM COMMON STOCKS 748356102 12,216 502,093 SH SOLE 502,093 0 0 RLI CORP COMMON STOCKS 749607107 105,102 1,462,792 SH SOLE 1,462,792 0 0 RPC INC COM COMMON STOCKS 749660106 39,349 2,593,862 SH SOLE 2,593,862 0 0 RBC BEARINGS INC COMMON STOCKS 75524B104 52,558 1,039,508 SH SOLE 1,039,508 0 0 REED ELSEVIER N V SPONS ADR COMMON STOCKS 758204200 2,203 64,815 SH SOLE 64,815 0 0 RIO TINTO PLC SPONSORED ADR COMMON STOCKS 767204100 851 18,086 SH SOLE 18,086 0 0 ROCKWELL COLLINS INC COMMON STOCKS 774341101 1,016 16,104 SH SOLE 16,104 0 0 ROLLINS INC COMMON STOCKS 775711104 34,901 1,421,639 SH SOLE 1,421,639 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 19,709 154,813 SH SOLE 154,813 0 0 ROSS STORES INC COMMON STOCKS 778296103 42,827 706,478 SH SOLE 706,478 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR B COMMON STOCKS 780259107 923 13,817 SH SOLE 13,817 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR A COMMON STOCKS 780259206 2,328 35,729 SH SOLE 35,729 0 0 SPDR GOLD TRUST ETF/ISHARE - 78463V107 6,864 44,434 SH SOLE 44,434 0 0 EQUITY SANOFI-AVENTIS SPON ADR COMMON STOCKS 80105N105 2,458 48,116 SH SOLE 48,116 0 0 SAP AG SPONSORED ADR COMMON STOCKS 803054204 2,235 27,754 SH SOLE 27,754 0 0 SCANSOURCE INC COMMON STOCKS 806037107 6,849 242,691 SH SOLE 242,691 0 0 SCHLUMBERGER LIMITED COMMON STOCKS 806857108 17,730 236,753 SH SOLE 236,753 0 0 THE CHARLES SCHWAB CORPORATION COMMON STOCKS 808513105 17,911 1,012,476 SH SOLE 1,012,476 0 0 SIGMA ALDRICH CORP COMMON STOCKS 826552101 8,172 105,246 SH SOLE 105,246 0 0 SILGAN HOLDINGS INC COMMON STOCKS 827048109 10,761 227,640 SH SOLE 227,640 0 0 SIRONA DENTAL SYSTEMS INC COM COMMON STOCKS 82966C103 28,307 383,932 SH SOLE 383,932 0 0 SOLARWINDS INC COM COMMON STOCKS 83416B109 2,517 42,583 SH SOLE 42,583 0 0 STARBUCKS CORP COMMON STOCKS 855244109 17,543 308,034 SH SOLE 308,034 0 0 STATE STREET CORP COMMON STOCKS 857477103 551 9,320 SH SOLE 9,320 0 0 STERICYCLE INC COMMON STOCKS 858912108 2,110 19,869 SH SOLE 19,869 0 0 SYNGENTA AG ADR COMMON STOCKS 87160A100 524 6,255 SH SOLE 6,255 0 0 SYNTEL INC COMMON STOCKS 87162H103 56,259 833,215 SH SOLE 833,215 0 0 SYSCO CORP COMMON STOCKS 871829107 324 9,200 SH SOLE 9,200 0 0 THE TJX COMPANIES INC COMMON STOCKS 872540109 14,495 310,048 SH SOLE 310,048 0 0 TECHNE CORP COMMON STOCKS 878377100 99,088 1,460,403 SH SOLE 1,460,403 0 0 TERADATA CORP COMMON STOCKS 88076W103 11,094 189,610 SH SOLE 189,610 0 0 TEVA PHARMACEUTICAL INDS ADR COMMON STOCKS 881624209 859 21,638 SH SOLE 21,638 0 0 THOR INDS INC COM COMMON STOCKS 885160101 49,066 1,333,682 SH SOLE 1,333,682 0 0 3M COMPANY COMMON STOCKS 88579Y101 16,686 156,956 SH SOLE 156,956 0 0 TORO CO COMMON STOCKS 891092108 72,870 1,582,756 SH SOLE 1,582,756 0 0 TOTAL SA SPONSORED ADR COMMON STOCKS 89151E109 2,841 59,222 SH SOLE 59,222 0 0 THE TRAVELERS COMPANIES INC COMMON STOCKS 89417E109 20,479 243,244 SH SOLE 243,244 0 0 TRIPADVISOR INC COM COMMON STOCKS 896945201 1,721 32,765 SH SOLE 32,765 0 0 U S BANCORP COMMON STOCKS 902973304 12,137 357,697 SH SOLE 357,697 0 0 UNILEVER N V ADR COMMON STOCKS 904784709 1,764 43,014 SH SOLE 43,014 0 0 UNION PACIFIC CORPORATION COMMON STOCKS 907818108 16,727 117,457 SH SOLE 117,457 0 0 VF CORPORATION COMMON STOCKS 918204108 12,673 75,549 SH SOLE 75,549 0 0 VANGUARD EMERGING MARKETS ETF ETF/ISHARE - 922042858 9,820 228,930 SH SOLE 228,930 0 0 EQUITY VARIAN MEDICAL SYSTEMS INC COMMON STOCKS 92220P105 3,265 45,344 SH SOLE 45,344 0 0 VILLAGE SUPER MKT INC CL A NEW COMMON STOCKS 927107409 1,801 53,453 SH SOLE 53,453 0 0 VISA INC CL A COMMON STOCKS 92826C839 21,523 126,726 SH SOLE 126,726 0 0 VODAFONE GROUP INC COMMON STOCKS 92857W209 1,505 52,991 SH SOLE 52,991 0 0 WD-40 COMPANY COMMON STOCKS 929236107 57,759 1,054,573 SH SOLE 1,054,573 0 0 WAL MART STORES INC COMMON STOCKS 931142103 1,583 21,156 SH SOLE 21,156 0 0 WALGREEN COMPANY COMMON STOCKS 931422109 893 18,739 SH SOLE 18,739 0 0 WATERS CORP COMMON STOCKS 941848103 22,236 236,776 SH SOLE 236,776 0 0 WELLS FARGO & CO COMMON STOCKS 949746101 284 7,689 SH SOLE 7,689 0 0 WESTAMERICA BANCORPORATION COMMON STOCKS 957090103 32,223 710,850 SH SOLE 710,850 0 0 JOHN WILEY & SONS COMMON STOCKS 968223206 56,168 1,441,691 SH SOLE 1,441,691 0 0 WOLVERINE WORLD WIDE INC COMMON STOCKS 978097103 14,759 332,630 SH SOLE 332,630 0 0 WORLD FUEL SERVICES CORPORATION COMMON STOCKS 981475106 59,097 1,487,830 SH SOLE 1,487,830 0 0 XILINX INC COMMON STOCKS 983919101 23,186 607,431 SH SOLE 607,431 0 0 ZOETIS INC CL A COMMON STOCKS 98978V103 8,287 248,126 SH SOLE 248,126 0 0 ACCENTURE PLC CL A COMMON STOCKS G1151C101 16,050 211,268 SH SOLE 211,268 0 0 CLICKSOFTWARE TECHNOLOGIES LTD COMMON STOCKS M25082104 4,241 527,489 SH SOLE 527,489 0 0 CORE LABORATORIES N V COMMON STOCKS N22717107 20,991 152,195 SH SOLE 152,195 0 0