0001398344-13-002396.txt : 20130513 0001398344-13-002396.hdr.sgml : 20130513 20130513124302 ACCESSION NUMBER: 0001398344-13-002396 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130513 DATE AS OF CHANGE: 20130513 EFFECTIVENESS DATE: 20130513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Granite Investment Partners, LLC CENTRAL INDEX KEY: 0001542266 IRS NUMBER: 270225271 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14862 FILM NUMBER: 13836192 BUSINESS ADDRESS: STREET 1: 2121 ROSECRANS AVENUE, SUITE 2360 CITY: LOS ANGELES STATE: CA ZIP: 90245 BUSINESS PHONE: 310-933-3199 MAIL ADDRESS: STREET 1: 2121 ROSECRANS AVENUE, SUITE 2360 CITY: LOS ANGELES STATE: CA ZIP: 90245 13F-HR 1 fp0007218_13fhr.txt 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, 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: Granite Investment Partners, LLC Address: 2121 Rosecrans Avenue, Suite 2360 Los Angeles, CA 90245 Form 13F File Number: 028-14862 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: Geoffrey Edelstein Title: Principal, CCO Phone: 310-933-3199 Signature, Place, and Date of Signing: /s/ Geoffrey Edelstein Los Angeles, CA May 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: [If there are no entries in this list, omit this section.] Form 13F File Number Name Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 246 ----------- Form 13F Information Table Value Total: $ 541,842 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------------------------------- -------------- --------- ----------- -------------------- ---------- -------- --------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------- -------------- --------- ----------- ----------- --- ---- ---------- -------- ------- ------ ------ 3M CO COM 88579Y101 1,504 14,146 SOLE 14,146 0 0 ABBOTT LABS COM 002824100 1,397 39,561 SOLE 39,561 0 0 ABBVIE INC COM 00287Y109 1,648 40,418 SOLE 40,418 0 0 ACTIVE NETWORK INC COM 00506D100 173 41,267 SOLE 41,267 0 0 AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 192 28,645 SOLE 28,645 0 0 ALLERGAN INC COM 018490102 10,928 97,894 SOLE 93,957 0 3,937 ALPHA PRO TECH LTD COM 020772109 178 118,050 SOLE 118,050 0 0 ALPHATEC HOLDINGS INC COM 02081G102 95 45,247 SOLE 45,247 0 0 ALTRIA GROUP INC COM 02209S103 557 16,200 SOLE 16,200 0 0 AMAZON COM INC COM 023135106 10,302 38,659 SOLE 37,130 0 1,529 AMERICAN EXPRESS CO COM 025816109 796 11,800 SOLE 11,800 0 0 AMERICAN SOFTWARE INC CL A 029683109 167 20,070 SOLE 20,070 0 0 AMERICAN WOODMARK CORP COM 030506109 261 7,661 SOLE 7,661 0 0 AMGEN INC COM 031162100 662 6,460 SOLE 6,460 0 0 ANADARKO PETE CORP COM 032511107 752 8,600 SOLE 8,600 0 0 ANNIES INC COM 03600T104 1,980 51,745 SOLE 29,244 0 22,501 APPLE INC COM 037833100 15,724 35,521 SOLE 34,366 0 1,155 APPLIED INDL TECHNOLOGIES IN COM 03820C105 2,475 55,001 SOLE 30,945 0 24,056 ASTRONICS CORP COM 046433108 449 15,066 SOLE 15,066 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 6,189 95,171 SOLE 95,171 0 0 BARRETT BUSINESS SERVICES IN COM 068463108 406 7,713 SOLE 7,713 0 0 BEBE STORES INC COM 075571109 284 68,107 SOLE 68,107 0 0 BECTON DICKINSON & CO COM 075887109 3,937 41,175 SOLE 41,175 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,118 20,330 SOLE 20,330 0 0 BLACKROCK INC COM 09247X101 1,525 5,935 SOLE 5,935 0 0 BOFI HLDG INC COM 05566U108 367 10,222 SOLE 10,222 0 0 BORGWARNER INC COM 099724106 6,722 86,910 SOLE 83,668 0 3,242 BOULDER BRANDS INC COM 101405108 1,939 215,650 SOLE 122,487 0 93,163 BP PLC SPONSORED ADR 055622104 422 9,966 SOLE 9,966 0 0 BRAVO BRIO RESTAURANT GROUP COM 10567B109 2,369 149,643 SOLE 84,489 0 65,154 BRISTOL MYERS SQUIBB CO COM 110122108 1,409 34,202 SOLE 34,202 0 0 BROADSOFT INC COM 11133B409 3,074 116,133 SOLE 65,038 0 51,095 CAL DIVE INTL INC DEL COM 12802T101 168 93,056 SOLE 93,056 0 0 CALGON CARBON CORP COM 129603106 218 12,054 SOLE 11,798 0 256 CALLAWAY GOLF CO COM 131193104 108 16,352 SOLE 15,637 0 715 CAMPUS CREST CMNTYS INC COM 13466Y105 315 22,640 SOLE 22,294 0 346 CARBO CERAMICS INC COM 140781105 2,156 23,671 SOLE 13,320 0 10,351 CARBONITE INC COM 141337105 267 24,358 SOLE 24,358 0 0 CBRE GROUP INC CL A 12504L109 2,674 105,885 SOLE 100,217 0 5,668 CELGENE CORP COM 151020104 3,476 29,991 SOLE 28,360 0 1,631 CERNER CORP COM 156782104 853 9,000 SOLE 9,000 0 0 CHEVRON CORP NEW COM 166764100 6,448 54,267 SOLE 54,267 0 0 CHUYS HLDGS INC COM 171604101 1,607 49,317 SOLE 28,452 0 20,865 CISCO SYS INC COM 17275R102 2,519 120,562 SOLE 120,562 0 0 CITI TRENDS INC COM 17306X102 186 18,222 SOLE 18,222 0 0 CITIGROUP INC COM NEW 172967424 3,037 68,654 SOLE 63,202 0 5,452 CITRIX SYS INC COM 177376100 6,010 83,295 SOLE 78,876 0 4,419 CLICKSOFTWARE TECHNOLOGIES L ORD M25082104 193 23,948 SOLE 23,948 0 0 COASTAL CONTACTS INC COM NEW 19044R207 219 35,059 SOLE 35,059 0 0 COCA COLA CO COM 191216100 287 7,088 SOLE 7,088 0 0 COFFEE HLDGS INC COM 192176105 166 24,505 SOLE 24,505 0 0 COLEMAN CABLE INC COM 193459302 484 32,278 SOLE 32,278 0 0 COLGATE PALMOLIVE CO COM 194162103 1,018 8,625 SOLE 8,625 0 0 COMMERCIAL VEH GROUP INC COM 202608105 155 19,920 SOLE 19,920 0 0 COMSCORE INC COM 20564W105 1,593 94,937 SOLE 54,043 0 40,894 CONOCOPHILLIPS COM 20825C104 771 12,828 SOLE 12,828 0 0 COSTCO WHSL CORP NEW COM 22160K105 3,813 35,935 SOLE 35,935 0 0 DANAHER CORP DEL COM 235851102 4,790 77,065 SOLE 77,065 0 0 DEXCOM INC COM 252131107 2,869 171,567 SOLE 96,573 0 74,994 DISNEY WALT CO COM DISNEY 254687106 2,524 44,430 SOLE 44,430 0 0 DONALDSON INC COM 257651109 3,285 90,778 SOLE 90,778 0 0 DTS INC COM 23335C101 172 10,326 SOLE 10,326 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 2,841 57,796 SOLE 57,796 0 0 DUKE ENERGY CORP NEW COM NEW 26441C204 276 3,798 SOLE 3,798 0 0 DUNKIN BRANDS GROUP INC COM 265504100 3,600 97,613 SOLE 92,568 0 5,045 E M C CORP MASS COM 268648102 7,191 301,003 SOLE 290,700 0 10,303 ECOLAB INC COM 278865100 15,123 188,613 SOLE 183,583 0 5,030 EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 254 5,800 SOLE 5,800 0 0 EMCORE CORP COM NEW 290846203 202 34,780 SOLE 34,780 0 0 EMERSON ELEC CO COM 291011104 1,612 28,850 SOLE 28,850 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 436 7,236 SOLE 7,236 0 0 ESSEX RENT CORP COM 297187106 378 84,600 SOLE 84,600 0 0 EXXON MOBIL CORP COM 30231G102 5,455 60,538 SOLE 60,538 0 0 FACEBOOK INC CL A 30303M102 5,933 231,957 SOLE 220,713 0 11,244 FARMER BROS CO COM 307675108 286 19,453 SOLE 19,453 0 0 FEDEX CORP COM 31428X106 6,870 69,956 SOLE 67,173 0 2,783 FIFTH & PAC COS INC COM 316645100 198 10,512 SOLE 10,074 0 438 FINANCIAL ENGINES INC COM 317485100 2,125 58,667 SOLE 33,002 0 25,665 FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 3,008 159,902 SOLE 90,050 0 69,852 FIRST REP BK SAN FRANCISCO C COM 33616C100 283 7,320 SOLE 7,143 0 177 FLOW INTL CORP COM 343468104 204 52,255 SOLE 52,255 0 0 FORBES ENERGY SVCS LTD COM 345143101 210 57,086 SOLE 57,086 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 263 20,000 SOLE 20,000 0 0 FRESH MKT INC COM 35804H106 2,947 68,902 SOLE 38,898 0 30,004 GENERAL ELECTRIC CO COM 369604103 516 22,334 SOLE 22,334 0 0 GENERAL MLS INC COM 370334104 928 18,820 SOLE 18,820 0 0 GENMARK DIAGNOSTICS INC COM 372309104 243 18,830 SOLE 18,830 0 0 GOOGLE INC CL A 38259P508 14,402 18,134 SOLE 17,354 0 780 GRACO INC COM 384109104 2,654 45,735 SOLE 26,129 0 19,606 GRAINGER W W INC COM 384802104 7,755 34,471 SOLE 33,313 0 1,158 GRAND CANYON ED INC COM 38526M106 2,755 108,494 SOLE 61,250 0 47,244 GREEN PLAINS RENEWABLE ENERG COM 393222104 350 30,615 SOLE 30,615 0 0 H & E EQUIPMENT SERVICES INC COM 404030108 2,789 136,731 SOLE 90,193 0 46,538 HALLIBURTON CO COM 406216101 810 20,050 SOLE 20,050 0 0 HCA HOLDINGS INC COM 40412C101 5,562 136,906 SOLE 127,052 0 9,854 HERITAGE CRYSTAL CLEAN INC COM 42726M106 175 11,590 SOLE 11,590 0 0 HESKA CORP COM RESTRC NEW 42805E306 182 19,575 SOLE 19,575 0 0 HESS CORP COM 42809H107 286 4,000 SOLE 4,000 0 0 HEXCEL CORP NEW COM 428291108 1,099 37,894 SOLE 21,568 0 16,326 HMS HLDGS CORP COM 40425J101 2,141 78,847 SOLE 44,412 0 34,435 HOME DEPOT INC COM 437076102 2,158 30,930 SOLE 30,930 0 0 HOOKER FURNITURE CORP COM 439038100 302 18,970 SOLE 18,970 0 0 HOST HOTELS & RESORTS INC COM 44107P104 989 56,519 SOLE 56,519 0 0 HOT TOPIC INC COM 441339108 228 16,423 SOLE 16,423 0 0 HOUSTON WIRE & CABLE CO COM 44244K109 199 15,385 SOLE 15,385 0 0 HUB GROUP INC CL A 443320106 2,379 61,855 SOLE 35,147 0 26,708 HUBBELL INC CL B 443510201 6,445 66,367 SOLE 63,692 0 2,675 HUDSON TECHNOLOGIES INC COM 444144109 207 50,990 SOLE 50,990 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 5,373 25,192 SOLE 25,192 0 0 ICAD INC COM NEW 44934S206 184 36,907 SOLE 36,907 0 0 IKANOS COMMUNICATIONS COM 45173E105 369 184,405 SOLE 184,405 0 0 ILLINOIS TOOL WKS INC COM 452308109 627 10,294 SOLE 10,294 0 0 INCONTACT INC COM 45336E109 501 61,986 SOLE 61,986 0 0 INFINERA CORPORATION COM 45667G103 102 14,568 SOLE 13,947 0 621 INFOBLOX INC COM 45672H104 3,889 179,200 SOLE 103,248 0 75,952 INNERWORKINGS INC COM 45773Y105 237 15,675 SOLE 15,675 0 0 INSULET CORP COM 45784P101 1,493 57,718 SOLE 33,113 0 24,605 INTEL CORP COM 458140100 629 28,807 SOLE 28,807 0 0 INTERACTIVE INTELLIGENCE GRO COM 45841V109 2,532 57,098 SOLE 33,366 0 23,732 INTERPUBLIC GROUP COS INC COM 460690100 161 12,328 SOLE 11,836 0 492 INTRALINKS HLDGS INC COM 46118H104 181 28,395 SOLE 28,395 0 0 INTUIT COM 461202103 6,227 94,834 SOLE 89,895 0 4,939 INTUITIVE SURGICAL INC COM NEW 46120E602 2,307 4,696 SOLE 4,444 0 252 JPMORGAN CHASE & CO COM 46625H100 533 11,230 SOLE 11,230 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 7,390 131,397 SOLE 123,713 0 7,684 JAMES RIVER COAL CO COM NEW 470355207 97 55,663 SOLE 55,663 0 0 JETBLUE AIRWAYS CORP COM 477143101 112 16,272 SOLE 15,579 0 693 JOHNSON & JOHNSON COM 478160104 7,574 92,897 SOLE 92,897 0 0 K12 INC COM 48273U102 2,959 122,719 SOLE 69,177 0 53,542 KANSAS CITY SOUTHERN COM NEW 485170302 361 3,252 SOLE 3,252 0 0 KELLOGG CO COM 487836108 329 5,100 SOLE 5,100 0 0 KENNAMETAL INC COM 489170100 401 10,275 SOLE 10,275 0 0 KILROY RLTY CORP COM 49427F108 1,344 25,643 SOLE 25,643 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 1,958 40,411 SOLE 22,754 0 17,657 LIFEWAY FOODS INC COM 531914109 259 18,615 SOLE 18,615 0 0 LINDSAY CORP COM 535555106 213 2,417 SOLE 2,354 0 63 LOGMEIN INC COM 54142L109 3,256 169,405 SOLE 98,144 0 71,261 LOWES COS INC COM 548661107 546 14,400 SOLE 14,400 0 0 LSI INDS INC COM 50216C108 172 24,690 SOLE 24,690 0 0 LTX-CREDENCE CORP COM NEW 502403207 178 29,400 SOLE 29,400 0 0 LYDALL INC DEL COM 550819106 212 13,840 SOLE 13,840 0 0 MANITEX INTL INC COM 563420108 293 23,605 SOLE 23,605 0 0 MARATHON OIL CORP COM 565849106 353 10,460 SOLE 10,460 0 0 MARKET LEADER INC COM 57056R103 253 28,255 SOLE 28,255 0 0 MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 492 8,100 SOLE 8,100 0 0 MARRIOTT INTL INC NEW CL A 571903202 9,241 218,825 SOLE 209,421 0 9,404 MCDONALDS CORP COM 580135101 770 7,719 SOLE 7,719 0 0 MCGRAW HILL COS INC COM 580645109 5,818 111,721 SOLE 107,377 0 4,344 MDC PARTNERS INC CL A SUB VTG 552697104 273 16,870 SOLE 16,870 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 202 2,609 SOLE 2,609 0 0 MERCK & CO INC NEW COM 58933Y105 1,296 29,312 SOLE 29,312 0 0 MERGE HEALTHCARE INC COM 589499102 216 74,600 SOLE 74,600 0 0 MICROFINANCIAL INC COM 595072109 317 37,575 SOLE 37,575 0 0 MICROSOFT CORP COM 594918104 4,685 163,796 SOLE 163,796 0 0 MONDELEZ INTL INC CL A 609207105 8,694 283,970 SOLE 270,831 0 13,139 NATIONAL RESEARCH CORP COM 637372103 268 4,640 SOLE 4,640 0 0 NATURAL GAS SERVICES GROUP COM 63886Q109 201 10,440 SOLE 10,440 0 0 NEOGENOMICS INC COM NEW 64049M209 269 68,415 SOLE 68,415 0 0 NEW YORK TIMES CO CL A 650111107 141 14,408 SOLE 13,780 0 628 NIKE INC CL B 654106103 6,658 112,836 SOLE 109,094 0 3,742 NN INC COM 629337106 201 21,201 SOLE 21,201 0 0 NOVADAQ TECHNOLOGIES INC COM 66987G102 1,576 159,006 SOLE 89,645 0 69,361 NOVO-NORDISK A S ADR 670100205 3,822 23,664 SOLE 22,486 0 1,178 ORACLE CORP COM 68389X105 7,868 243,369 SOLE 235,323 0 8,046 PACER INTL INC TENN COM 69373H106 221 43,972 SOLE 43,972 0 0 PANDORA MEDIA INC COM 698354107 142 10,000 SOLE 10,000 0 0 PAREXEL INTL CORP COM 699462107 1,054 26,655 SOLE 15,051 0 11,604 PAYCHEX INC COM 704326107 463 13,210 SOLE 13,210 0 0 PENFORD CORP COM 707051108 201 18,280 SOLE 18,280 0 0 PEPSICO INC COM 713448108 9,271 117,190 SOLE 117,190 0 0 PFIZER INC COM 717081103 616 21,345 SOLE 21,345 0 0 PGT INC COM 69336V101 292 42,469 SOLE 42,469 0 0 PHILIP MORRIS INTL INC COM 718172109 3,422 36,909 SOLE 36,909 0 0 PIEDMONT NAT GAS INC COM 720186105 332 10,100 SOLE 10,100 0 0 PLUM CREEK TIMBER CO INC COM 729251108 1,330 25,476 SOLE 25,476 0 0 PPG INDS INC COM 693506107 705 5,265 SOLE 5,265 0 0 PRAXAIR INC COM 74005P104 5,716 51,242 SOLE 51,242 0 0 PRECISION CASTPARTS CORP COM 740189105 8,435 44,482 SOLE 42,416 0 2,066 PRICE T ROWE GROUP INC COM 74144T108 9,356 124,962 SOLE 121,475 0 3,487 PROCTER & GAMBLE CO COM 742718109 1,778 23,072 SOLE 23,072 0 0 PSYCHEMEDICS CORP COM NEW 744375205 190 15,960 SOLE 15,960 0 0 PULTE GROUP INC COM 745867101 856 42,300 SOLE 42,300 0 0 QAD INC CL A 74727D306 161 12,515 SOLE 12,515 0 0 QUALCOMM INC COM 747525103 9,952 148,664 SOLE 141,942 0 6,722 REACHLOCAL INC COM 75525F104 2,527 168,885 SOLE 94,970 0 73,915 REALD INC COM 75604L105 1,990 153,060 SOLE 86,477 0 66,583 REIS INC COM 75936P105 652 41,985 SOLE 41,985 0 0 RENTRAK CORP COM 760174102 495 22,515 SOLE 22,515 0 0 RESTORATION HARDWARE HLDGS I COM 761283100 2,412 68,928 SOLE 39,331 0 29,597 REX AMERICAN RESOURCES CORP COM 761624105 201 9,070 SOLE 9,070 0 0 ROCKY MTN CHOCOLATE FACTORY COM PAR $0.03 774678403 207 16,858 SOLE 16,858 0 0 ROSETTA RESOURCES INC COM 777779307 1,349 28,345 SOLE 16,042 0 12,303 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 724 11,108 SOLE 11,108 0 0 S&W SEED CO COM 785135104 249 23,691 SOLE 23,691 0 0 SALESFORCE COM INC COM 79466L302 3,085 69,008 SOLE 66,096 0 2,912 SAP AG SPON ADR 803054204 910 11,300 SOLE 11,300 0 0 SCHLUMBERGER LTD COM 806857108 12,481 166,661 SOLE 161,143 0 5,518 SCHWAB CHARLES CORP NEW COM 808513105 2,755 155,716 SOLE 148,604 0 7,112 SELECT COMFORT CORP COM 81616X103 2,469 124,892 SOLE 73,191 0 51,701 SERVICESOURCE INTL LLC COM 81763U100 1,239 175,256 SOLE 99,009 0 76,247 SIGMA ALDRICH CORP COM 826552101 5,273 67,910 SOLE 64,637 0 3,273 SILICON LABORATORIES INC COM 826919102 2,947 71,253 SOLE 40,101 0 31,152 SIMPSON MANUFACTURING CO INC COM 829073105 3,255 106,329 SOLE 59,948 0 46,381 SIMULATIONS PLUS INC COM 829214105 161 38,957 SOLE 38,957 0 0 SOURCEFIRE INC COM 83616T108 1,940 32,752 SOLE 18,435 0 14,317 STEELCASE INC CL A 858155203 194 13,154 SOLE 12,510 0 644 STEWART INFORMATION SVCS COR COM 860372101 315 12,348 SOLE 12,348 0 0 STRYKER CORP COM 863667101 581 8,900 SOLE 8,900 0 0 SUNLINK HEALTH SYSTEMS INC COM 86737U102 45 50,147 SOLE 50,147 0 0 SYMMETRY MED INC COM 871546206 208 18,190 SOLE 18,190 0 0 SYSCO CORP COM 871829107 1,198 34,070 SOLE 34,070 0 0 TECHNE CORP COM 878377100 2,579 38,006 SOLE 21,408 0 16,598 TEJON RANCH CO COM 879080109 2,382 80,000 SOLE 80,000 0 0 TELULAR CORP COM NEW 87970T208 179 17,755 SOLE 17,755 0 0 TENET HEALTHCARE CORP COM NEW 88033G407 833 17,500 SOLE 17,500 0 0 TESSCO TECHNOLOGIES INC COM 872386107 201 9,309 SOLE 9,309 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 876 11,450 SOLE 11,450 0 0 THERMON GROUP HLDGS INC COM 88362T103 2,144 96,532 SOLE 54,396 0 42,136 TOLL BROTHERS INC COM 889478103 7,073 206,577 SOLE 197,515 0 9,062 TRAVELCENTERS OF AMERICA LLC COM 894174101 342 35,630 SOLE 35,630 0 0 TRINITY BIOTECH PLC SPON ADR NEW 896438306 548 32,455 SOLE 32,455 0 0 U S CONCRETE INC COM NEW 90333L201 397 28,723 SOLE 28,723 0 0 ULTIMATE SOFTWARE GROUP INC COM 90385D107 901 8,648 SOLE 4,869 0 3,779 UNION PAC CORP COM 907818108 4,854 34,085 SOLE 31,324 0 2,761 UNITED PARCEL SERVICE INC CL B 911312106 1,887 21,965 SOLE 21,965 0 0 UNITED STATES LIME & MINERAL COM 911922102 203 3,822 SOLE 3,822 0 0 UNITED TECHNOLOGIES CORP COM 913017109 3,975 42,550 SOLE 42,550 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 3,824 77,807 SOLE 77,807 0 0 VISA INC COM CL A 92826C839 10,233 60,253 SOLE 57,112 0 3,141 VOLCANO CORPORATION COM 928645100 1,881 84,488 SOLE 47,693 0 36,795 WAL-MART STORES INC COM 931142103 290 3,873 SOLE 3,873 0 0 WALGREEN CO COM 931422109 557 11,685 SOLE 11,685 0 0 WALKER & DUNLOP INC COM 93148P102 319 17,749 SOLE 17,749 0 0 WELLS FARGO & CO NEW COM 949746101 8,669 234,350 SOLE 234,350 0 0 WESTWOOD HLDGS GROUP INC COM 961765104 207 4,660 SOLE 4,660 0 0 WEYERHAEUSER CO COM 962166104 8,399 267,657 SOLE 255,246 0 12,411 WHOLE FOODS MKT INC COM 966837106 4,767 54,948 SOLE 52,086 0 2,862 WILLIAMS PARTNERS L P COM UNIT L P 96950F104 1,167 22,525 SOLE 22,525 0 0 WILLIAMS SONOMA INC COM 969904101 6,597 128,052 SOLE 122,340 0 5,712 WINTRUST FINANCIAL CORP COM 97650W108 1,903 51,385 SOLE 28,929 0 22,456 WORLD ENERGY SOLUTIONS INC D COM NEW 98145W208 166 37,860 SOLE 37,860 0 0 YUM BRANDS INC COM 988498101 384 5,332 SOLE 5,332 0 0 ZALE CORP NEW COM 988858106 319 81,286 SOLE 81,286 0 0 ZEP INC COM 98944B108 2,851 189,907 SOLE 106,887 0 83,020 ZIPREALTY INC COM 98974V107 103 28,225 SOLE 28,225 0 0 ZIX CORP COM 98974P100 238 66,440 SOLE 66,440 0 0