13F-HR 1 jun10.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: June 30, 2010 Check here if Amendment [ ]; Amendment Number: The Amendment (check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment manager Filing this Report: Name: Select Equity Group, Inc. Address: 380 Lafayette St., 6th Floor New York, NY 10003 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: James R. Berman Title: General Counsel Phone: 212-475-8335 Signature, place and date of signing: New York, New York August 16, 2010 Report Type (check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Select Equity Group, Inc. Report Summary: Number of Other Included managers: 1 Form 13F Information Table Entry Total: 159 Form 13F Information Table Value Total: $ 4,647,789 (Thousands) List of Other Included Managers: Select Offshore Advisors, LLC FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Ace Ltd. ACE SHS H0023R105 13,484 261,935 SH Sole 261,935 Ace Ltd. ACE SHS H0023R105 11,739 228,035 SH Defined 01 228,035 Apollo Group Inc CL A APOL CL A 037604105 43,272 1,018,884 SH Sole 1,018,884 Apollo Group Inc CL A APOL CL A 037604105 37,536 883,832 SH Defined 01 883,832 Athenahealth Inc ATHN COM 04685W103 41,378 1,583,527 SH Sole 1,583,527 Athenahealth Inc ATHN COM 04685W103 16,299 623,775 SH Defined 01 623,775 Atlantic Tele-Network INC ATNI COM NEW 049079205 8,665 209,807 SH Sole 209,807 Atlantic Tele-Network INC ATNI COM NEW 049079205 5,571 134,881 SH Defined 01 134,881 Banco Santander SA - SPON ADR ADR 05964H105 14,999 1,428,510 SH Sole 1,428,510 Banco Santander SA - SPON ADR ADR 05964H105 13,269 1,263,730 SH Defined 01 1,263,730 Bio Rad Laboratories CL A B CL A 090572207 1,684 19,475 SH Sole 19,475 Bio Rad Laboratories CL A B CL A 090572207 1,261 14,580 SH Defined 01 14,580 Blackrock Inc COM STK BLK COM 09247X101 17,079 119,097 SH Sole 119,097 Blackrock Inc COM STK BLK COM 09247X101 12,802 89,275 SH Defined 01 89,275 Blount International BLT COM 095180105 36,278 3,532,392 SH Sole 3,532,392 Blount International BLT COM 095180105 12,350 1,202,578 SH Defined 01 1,202,578 Brookfield Asset Management CL A LTD VT SH 112585104 200,086 8,845,543 SH Sole 8,845,543 Brookfield Asset Management CL A LTD VT SH 112585104 74,313 3,285,259 SH Defined 01 3,285,259 C.H. Robinson Worldwide Inc COM NEW 12541W209 69,366 1,246,247 SH Sole 1,246,247 C.H. Robinson Worldwide Inc COM NEW 12541W209 22,976 412,798 SH Defined 01 412,798 C.H. Robinson Worldwide Inc COM NEW 12541W209 5,071 91,100 SH CALL Sole 91,100 C.H. Robinson Worldwide Inc COM NEW 12541W209 3,835 68,900 SH CALL Defined 01 68,900 CB Richard Ellis Group Inc A CL A 12497T101 6,008 441,457 SH Sole 441,457 CB Richard Ellis Group Inc A CL A 12497T101 4,883 358,768 SH Defined 01 358,768 CR Bard Inc BCR COM 067383109 73,610 949,444 SH Sole 949,444 CR Bard Inc BCR COM 067383109 22,295 287,570 SH Defined 01 287,570 Chubb Corp CB COM 171232101 30,011 600,093 SH Sole 600,093 Chubb Corp CB COM 171232101 18,102 361,960 SH Defined 01 361,960 Church & Dwight Co Inc CHD COM 171340102 29,521 470,752 SH Sole 470,752 Church & Dwight Co Inc CHD COM 171340102 7,660 122,150 SH Defined 01 122,150 Corelogic Inc CLGX COM 21871d103 33,439 1,893,496 SH Sole 1,893,496 Corelogic Inc CLGX COM 21871d103 10,770 609,828 SH Defined 01 609,828 Covidien Plc COV SHS G2554F105 9,558 237,884 SH Sole 237,884 Covidien Plc COV SHS G2554F105 8,833 219,830 SH Defined 01 219,830 Dentsply International Inc X COM 249030107 89,088 2,978,534 SH Sole 2,978,534 Dentsply International Inc X COM 249030107 25,729 860,224 SH Defined 01 860,224 Doral Financial Corp DRL COM NEW 25811P886 652 267,225 SH Sole 267,225 Doral Financial Corp DRL COM NEW 25811P886 505 206,970 SH Defined 01 206,970 Education Management Corp ED COM 28140M103 36,380 2,385,570 SH Sole 2,385,570 Education Management Corp ED COM 28140M103 31,668 2,076,606 SH Defined 01 2,076,606 Emc Corp. EMC COM 268648102 18,252 997,400 SH CALL Sole 997,400 Emc Corp. EMC COM 268648102 14,064 768,500 SH CALL Defined 01 768,500 Energy Select Sector Spdr XLE SBI INT-ENERGY 81369Y506 3,329 67,000 SH CALL Sole 67,000 First American Corp FAF COM 31847r102 3,059 241,249 SH Sole 241,249 First American Corp FAF COM 31847r102 860 67,831 SH Defined 01 67,831 Firstservice Corporation-VTG SUB VTG SH 33761N109 16,535 793,801 SH Sole 793,801 Firstservice Corporation-VTG SUB VTG SH 33761N109 11,269 540,975 SH Defined 01 540,975 Goldman Sachs Group Inc GS COM 38141g104 11,606 88,410 SH Sole 88,410 Goldman Sachs Group Inc GS COM 38141g104 10,103 76,965 SH Defined 01 76,965 Google Inc GOOG CL A 38259P508 8,690 19,530 SH Sole 19,530 Google Inc GOOG CL A 38259P508 7,564 17,000 SH Defined 01 17,000 Graco Inc GGG COM 384109104 56,324 1,997,997 SH Sole 1,997,997 Graco Inc GGG COM 384109104 18,606 660,014 SH Defined 01 660,014 HCC Insurance Holdings HCC COM 404132102 28,044 1,132,630 SH Sole 1,132,630 HCC Insurance Holdings HCC COM 404132102 8,393 338,991 SH Defined 01 338,991 Harman International HAR COM 413086109 5,317 177,901 SH Sole 177,901 Harman International HAR COM 413086109 3,983 133,265 SH Defined 01 133,265 Henry Schein HSIC COM 806407102 43,199 786,864 SH Sole 786,864 Henry Schein HSIC COM 806407102 37,603 684,935 SH Defined 01 684,935 Hewlett-packard Company hpq COM 428236103 31,474 727,220 SH Sole 727,220 Hewlett-packard Company hpq COM 428236103 27,280 630,305 SH Defined 01 630,305 I Shares Russell 2000 IWM RUSSELL 2000 464287655 1,982 32,434 SH Sole 32,434 IDEXX Laboratories Inc. IDX COM 45168D104 67,876 1,114,548 SH Sole 1,114,548 IDEXX Laboratories Inc. IDX COM 45168D104 17,578 288,640 SH Defined 01 288,640 IHS Inc Class A IHS CL A 451734107 106,802 1,828,180 SH Sole 1,828,180 IHS Inc Class A IHS CL A 451734107 29,367 502,690 SH Defined 01 502,690 ITT Educational Services ESI COM 45068B109 15,069 181,509 SH Sole 181,509 ITT Educational Services ESI COM 45068B109 13,117 158,000 SH Defined 01 158,000 Iberiabank Corp IBKC COM 450828108 19,166 372,309 SH Sole 372,309 Iberiabank Corp IBKC COM 450828108 12,674 246,183 SH Defined 01 246,183 Interface Inc CL A IFSIA CL A 458665106 20,956 1,951,219 SH Sole 1,951,219 Interface Inc CL A IFSIA CL A 458665106 5,958 554,778 SH Defined 01 554,778 International Business Machine COM 459200101 100,723 815,700 SH CALL Sole 815,700 International Business Machine COM 459200101 76,990 623,500 SH CALL Defined 01 623,500 Intl Speedway Corp CL A ISCA CL A 460335201 8,776 340,684 SH Sole 340,684 Intl Speedway Corp CL A ISCA CL A 460335201 5,592 217,085 SH Defined 01 217,085 Jones Lang Lasalle Inc JLL COM 48020Q107 37,313 568,456 SH Sole 568,456 Jones Lang Lasalle Inc JLL COM 48020Q107 21,713 330,793 SH Defined 01 330,793 K Swiss Inc CL A KSWS CL A 482686102 162 14,458 SH Sole 14,458 K Swiss Inc CL A KSWS CL A 482686102 125 11,120 SH Defined 01 11,120 Kirby Corp KEX COM 497266106 81,673 2,135,240 SH Sole 2,135,240 Kirby Corp KEX COM 497266106 22,700 593,462 SH Defined 01 593,462 Laboratory Corp of Amer Hldgs COM NEW 50540R409 115,405 1,531,585 SH Sole 1,531,585 Laboratory Corp of Amer Hldgs COM NEW 50540R409 36,043 478,347 SH Defined 01 478,347 Markel Corp MKL COM 570535104 7,703 22,657 SH Sole 22,657 Markel Corp MKL COM 570535104 5,352 15,740 SH Defined 01 15,740 Mcafee Inc MFE COM 579064106 5,816 189,317 SH Sole 189,317 Mcafee Inc MFE COM 579064106 4,352 141,670 SH Defined 01 141,670 Meredith Corporation mdp COM 589433101 52,371 1,682,318 SH Sole 1,682,318 Meredith Corporation mdp COM 589433101 15,502 497,976 SH Defined 01 497,976 Microsoft Corp MSFT COM 594918104 30,864 1,341,348 SH Sole 1,341,348 Microsoft Corp MSFT COM 594918104 27,304 1,186,596 SH Defined 01 1,186,596 Microsoft Corp MSFT COM 594918104 9,920 431,100 SH CALL Sole 431,100 Microsoft Corp MSFT COM 594918104 53,381 2,319,900 SH CALL Sole 2,319,900 Microsoft Corp MSFT COM 594918104 7,453 323,900 SH CALL Defined 01 323,900 Microsoft Corp MSFT COM 594918104 40,843 1,775,000 SH CALL Defined 01 1,775,000 Mohawk Industries Inc MHK COM 608190104 20,179 440,984 SH Sole 440,984 Mohawk Industries Inc MHK COM 608190104 5,583 122,009 SH Defined 01 122,009 Neogen Corp NEOG COM 640491106 15,583 598,180 SH Sole 598,180 Neogen Corp NEOG COM 640491106 9,995 383,700 SH Defined 01 383,700 Neustar Inc CL A NSR CL A 64126x201 23,675 1,148,166 SH Sole 1,148,166 Neustar Inc CL A NSR CL A 64126x201 19,342 938,027 SH Defined 01 938,027 OReilly Automotive ORLY COM 686091109 170,821 3,591,694 SH Sole 3,591,694 OReilly Automotive ORLY COM 686091109 46,313 973,778 SH Defined 01 973,778 Patterson Cos Inc PDCO COM 703395103 106,022 3,716,151 SH Sole 3,716,151 Patterson Cos Inc PDCO COM 703395103 29,499 1,033,949 SH Defined 01 1,033,949 Patterson Cos Inc PDCO COM 703395103 4,827 169,200 SH CALL Sole 169,200 Patterson Cos Inc PDCO COM 703395103 3,546 124,300 SH CALL Defined 01 124,300 Perkinelmer Inc PKI COM 714046109 70,351 3,403,555 SH Sole 3,403,555 Perkinelmer Inc PKI COM 714046109 23,795 1,151,178 SH Defined 01 1,151,178 Perrigo Co. prgo COM 714290103 39,350 666,156 SH Sole 666,156 Perrigo Co. prgo COM 714290103 12,479 211,252 SH Defined 01 211,252 Pfizer Inc. pfe COM 717081103 16,485 1,156,000 SH CALL Sole 1,156,000 Pfizer Inc. pfe COM 717081103 12,620 885,000 SH CALL Defined 01 885,000 Philip Morris International In COM 718172109 18,084 394,500 SH CALL Sole 394,500 Philip Morris International In COM 718172109 13,798 301,000 SH CALL Defined 01 301,000 Polo Ralph Lauren RL CL A 731572103 83,572 1,145,444 SH Sole 1,145,444 Polo Ralph Lauren RL CL A 731572103 26,546 363,845 SH Defined 01 363,845 Pool Corporation POOL COM 73278L105 41,994 1,915,776 SH Sole 1,915,776 Pool Corporation POOL COM 73278L105 12,213 557,153 SH Defined 01 557,153 Proshares Ultrashort 20+Y Tr E PSHS ULTSH 20YRS 74347R297 8,501 239,600 SH CALL Sole 239,600 Proshares Ultrashort 20+Y Tr E PSHS ULTSH 20YRS 74347R297 1,554 43,800 SH CALL Sole 43,800 Proshares Ultrashort 20+Y Tr E PSHS ULTSH 20YRS 74347R297 6,074 171,200 SH CALL Defined 01 171,200 Roper Industries ROP COM 776696106 22,696 405,569 SH Sole 405,569 Roper Industries ROP COM 776696106 19,750 352,937 SH Defined 01 352,937 SPDR Gold Trust ETF GLD GOLD SHS 78463v107 81,538 670,100 SH PUT Sole 670,100 SPDR Gold Trust ETF GLD GOLD SHS 78463v107 65,391 537,400 SH PUT Defined 01 537,400 Select Sector Spdr Tr SBI Int- SBI INT-INDS 81369Y704 18,877 688,200 SH PUT Sole 688,200 Select Sector Spdr Tr SBI Int- SBI INT-INDS 81369Y704 15,841 577,500 SH PUT Defined 01 577,500 Sherwin Williams Co SHW COM 824348106 112,306 1,623,157 SH Sole 1,623,157 Sherwin Williams Co SHW COM 824348106 29,990 433,439 SH Defined 01 433,439 Sigma-Aldrich Corporation SI COM 826552101 62,000 1,244,221 SH Sole 1,244,221 Sigma-Aldrich Corporation SI COM 826552101 20,126 403,890 SH Defined 01 403,890 Signet Jewlers Ltd SIG SHS G81276100 103,004 3,745,614 SH Sole 3,745,614 Signet Jewlers Ltd SIG SHS G81276100 32,775 1,191,820 SH Defined 01 1,191,820 Sirona Dental Systems Inc. S COM 82966c103 10,923 313,529 SH Sole 313,529 Sirona Dental Systems Inc. S COM 82966c103 9,468 271,756 SH Defined 01 271,756 Stryker Corp. SYK COM 863667101 18,260 364,763 SH Sole 364,763 Stryker Corp. SYK COM 863667101 16,216 323,933 SH Defined 01 323,933 Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 14,830 563,661 SH Sole 563,661 Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 10,067 382,640 SH Defined 01 382,640 The Coca-cola Company ko COM 191216100 40,357 805,200 SH CALL Sole 805,200 The Coca-cola Company ko COM 191216100 32,102 640,500 SH CALL Defined 01 640,500 The Interpublic Group Of Compa COM 460690100 77,742 10,903,547 SH Sole 10,903,547 The Interpublic Group Of Compa COM 460690100 22,704 3,184,237 SH Defined 01 3,184,237 Thermo Fisher Scientic Inc. COM 883556102 21,254 433,309 SH Sole 433,309 Thermo Fisher Scientic Inc. COM 883556102 19,100 389,395 SH Defined 01 389,395 Tomkins PLC - Sponsored ADR SPONSORED ADR 890030208 7,305 548,042 SH Sole 548,042 Tomkins PLC - Sponsored ADR SPONSORED ADR 890030208 5,475 410,705 SH Defined 01 410,705 Ultrashort Basic Materials P BASIC MAT NEW 74347X617 88,465 1,972,900 SH CALL Sole 1,972,900 Ultrashort Basic Materials P BASIC MAT NEW 74347X617 68,780 1,533,900 SH CALL Defined 01 1,533,900 Wabtec Corp WAB COM 929740108 62,313 1,562,131 SH Sole 1,562,131 Wabtec Corp WAB COM 929740108 19,294 483,690 SH Defined 01 483,690 West Marine Inc COM 954235107 4,128 379,379 SH Sole 379,379 West Marine Inc COM 954235107 3,188 293,052 SH Defined 01 293,052 Wright Express Corp WXS COM 98233Q105 53,781 1,810,794 SH Sole 1,810,794 Wright Express Corp WXS COM 98233Q105 18,527 623,816 SH Defined 01 623,816 Wynn Resorts Limited wynn COM 983134107 27,183 356,400 SH PUT Sole 356,400 Wynn Resorts Limited wynn COM 983134107 23,034 302,000 SH PUT Defined 01 302,000