0001047469-12-006070.txt : 20120515 0001047469-12-006070.hdr.sgml : 20120515 20120515161423 ACCESSION NUMBER: 0001047469-12-006070 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wallace Capital Management Inc. CENTRAL INDEX KEY: 0001459754 IRS NUMBER: 752981025 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14310 FILM NUMBER: 12844836 BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 830 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-303-0200 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 830 CITY: DALLAS STATE: TX ZIP: 75201 13F-HR 1 a2209649z13f-hr.txt 13F-HR 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, 2012 ----------------------- 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: Wallace Capital Management, Inc. -------------------------------- Address: 100 Crescent Court -------------------------------- Suite 1190 -------------------------------- Dallas, TX 75201 -------------------------------- Form 13F File Number: --------------------- 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: Blake H. Estess ------------------------------- Title: CCO ------------------------------- Phone: 214/303-0200 ------------------------------- Signature, Place, and Date of Signing: /s/ Blake H. Estess Dallas, Texas 5/15/2012 ------------------------------- ----------------- ------------- [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 28- --------------- ------------------------------------ [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: -0- -------------------- Form 13F Information Table Entry Total: 52 -------------------- Form 13F Information Table Value Total: $182,803 -------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(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.] No. Form 13F File Number Name 28- ------ ----------------- --------------------------------- [Repeat as necessary.]

Shares/ Voting Value Princ. Investment Other Authority Name of Issuer Title of Class Cusip (x$1000) Amount SH/PRN Discretion Manager Sole Shared None AbitibiBowater, Inc. Common Stock - Long 3687209 3,816 267,220 SH Sole N/A 235,615 Alliance One International Common Stock - Long 018772103 1,244 330,000 SH Sole N/A 330,000 Ascent Media Corp Common Stock - Long 043632108 6,937 146,682 SH Sole N/A 146,682 Barrett Business Services, Inc. Common Stock - Long 068463108 4,366 220,195 SH Sole N/A 220,195 Berkshire Hathaway, Inc. Class A 084670108 1,219 10 SH Sole N/A 10 Berkshire Hathaway, Inc. Class B 084670702 10,774 132,880 SH Sole N/A 132,880 Bristol Myers Squibb Co. Common Stock - Long 110122108 694 20,565 SH Sole N/A 20,565 Cambium Learning Grp, Inc. Common Stock - Long 13201A107 1,304 492,126 SH Sole N/A 492,126 Capital Southwest Corporation Common Stock - Long 140501107 2,080 22,000 SH Sole N/A 22,000 CBS Corp New Class B 124857202 416 12,261 SH Sole N/A 12,261 Cenveo, Inc. Common Stock - Long 15670S105 1,053 311,618 SH Sole N/A 311,618 Clorox Co Del Common Stock - Long 189054109 1,215 17,670 SH Sole N/A 17,670 Coca Cola Co Common Stock - Long 191216100 2,926 39,612 SH Sole N/A 39,612 Colgate-Palmolive Company Common Stock - Long 194162103 1,164 11,905 SH Sole N/A 11,905 CorVel Corporation Common Stock - Long 221006109 575 14,403 SH Sole N/A 14,403 Costco Wholesale Corporation Common Stock - Long 22160K105 427 4,700 SH Sole N/A 4,700 Cross A T Co Common Stock - Long 227478104 3,622 300,816 SH Sole N/A 300,816 Dr. Pepper Snapple Group, Inc. Common Stock - Long 26138E109 1,004 24,978 SH Sole N/A 24,978 Echostar Corporation Class A 278768106 7,028 250,134 SH Sole N/A 250,134 Employers Holdings, Inc. Common Stock - Long 292218104 4,368 247,425 SH Sole N/A 247,425 Expedia, Inc. Common Stock - Long 30212P105 4,039 121,328 SH Sole N/A 121,328 Fairfax Financial Holdings Limited (USA) Common Stock - Long 303901102 9,546 23,712 SH Sole N/A 23,712 Flagstone Reinsurance Holdings Common Stock - Long L3466T104 3,963 502,740 SH Sole N/A 502,740 General Mills, Inc. Common Stock - Long 370334104 2,372 60,121 SH Sole N/A 60,121 GlaxoSmithKline PLC Sponsored ADR 37733W105 2,780 61,991 SH Sole N/A 61,991 Hampshire Group Ltd Common Stock - Long 4088591106 231 112,411 SH Sole N/A 112,411 Heinz H J Co Common Stock - Long 423074103 4,122 77,018 SH Sole N/A 77,018 Hershey Co Common Stock - Long 427866108 903 14,737 SH Sole N/A 14,737 Iron Mountain Incorporated Common Stock - Long 462846106 2,378 82,395 SH Sole N/A 82,395 Johnson & Johnson Common Stock - Long 478160104 4,053 61,468 SH Sole N/A 61,468 Kraft Foods Inc. Class A 50075N104 1,750 46,187 SH Sole N/A 46,187 K-Swiss Inc. Class A 482686102 5,953 1,451,748 SH Sole N/A 1,451,748 Liberty Media Corp New Cap Com Ser A 530322106 9,501 107,781 SH Sole N/A 107,781 Liberty Media Corp New Int Com Ser A 53071M104 10,038 526,542 SH Sole N/A 526,542 Medical Action Industries Common Stock - Long 58449L100 2,684 469,163 SH Sole N/A 469,163 Merck & Co Inc. Common Stock - Long 58933Y105 737 19,187 SH Sole N/A 19,187 Meredith Corporation Common Stock - Long 589433101 4,126 127,675 SH Sole N/A 127,675 Montpelier Re Holdings, Ltd. Common Stock - Long G62185106 8,232 426,335 SH Sole N/A 426,335 Multi Color Corp Common Stock - Long 625383104 735 32,652 SH Sole N/A 32,652 Nicholas Financial, Inc. Common Stock - Long 65373J209 1,272 96,412 SH Sole N/A 96,412 Nobility Homes, Inc. Common Stock - Long 654892108 141 18,189 SH Sole N/A 18,189 Novartis AG Sponsored ADR 66987V109 1,172 21,155 SH Sole N/A 21,155 Proctor & Gamble Co Common Stock - Long 742718109 416 6,198 SH Sole N/A 6,198 Republic Services Common Stock - Long 760759100 2,461 80,657 SH Sole N/A 80,657 Sanofi Aventis Sponsored ADR 80105N105 2,116 54,795 SH Sole N/A 54,795 Tootsie Roll Inds Inc. Common Stock - Long 890516107 1,614 70,361 SH Sole N/A 70,361 Tripadvisor, Inc. Common Stock - Long 896945201 4,153 116,426 SH Sole N/A 116,426 Unilever PLC Spon ADR New 904767704 3,967 120,078 SH Sole N/A 120,078 Utah Med Prods Inc. Common Stock - Long 917488108 1,877 60,367 SH Sole N/A 60,367 Wal-Mart Stores, Inc. Common Stock - Long 931142103 6,786 111,037 SH Sole N/A 111,037 Washington Post Co Class B 939640108 8,900 23,840 SH Sole N/A 23,840 White Mtns Ins Group Ltd. Common Stock - Long G9618E107 13,553 27,043 SH Sole N/A 27,043 Total 182,803 7,998,949