13F-HR 1 llc4q11.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: December 31, 2011 Amendment [ ]; Amendment Number: This Amendment: [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: RS Investment Management Co. LLC 388 Market Street, Ste. 1700 San Francisco, CA 94111 13F File Number: 028-12027 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: Matthew Scanlan Chief Executive Officer (415) 591-2700 Signature, Place, and Date of Signing: /s/ Matthew Scanlan San Francisco, CA January 1, 2012 Report Type: [ ] 13F HOLDINGS REPORT [ ] 13F NOTICE [X] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: 1. Guardian Investor Services LLC 2. Baillie Gifford Overseas Limited I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 279 Form 13F Information Table Value Total: 10,465,420 List of Other Included Managers: 1. Guardian Investor Services LLC (028-02098)

ISSUER TYPE CUSIP VALUE SHS INVEST OTHER VOTING (X1000) DSCRTN MNGRS AUTH 3M Co. Com 88579Y101 6,416 78,508 DEFINED 1 SOLE ABIOMED, Inc. Com 003654100 12,694 687,270 DEFINED 1 SOLE Accenture PLC, Class A Cl A g1151c101 1,994 37,460 DEFINED 1 SOLE Activision Blizzard, In Com 00507v109 93,059 7,553,509 DEFINED 1 SOLE Acxiom Corp. Com 005125109 110,333 9,036,261 DEFINED 1 SOLE Advance Auto Parts, Inc Com 00751y106 76,701 1,101,554 DEFINED 1 SOLE Aegerion Pharmaceutical Com 00767E102 7,418 443,130 DEFINED 1 SOLE Affiliated Managers Gro Com 008252108 2,006 20,910 DEFINED 1 SOLE Aflac, Inc. Com 001055102 145,462 3,362,515 DEFINED 1 SOLE Airgas, Inc. Com 009363102 81,991 1,050,087 DEFINED 1 SOLE Alexion Pharmaceuticals Com 015351109 6,217 86,950 DEFINED 1 SOLE Align Technology, Inc. Com 016255101 14,117 595,047 DEFINED 1 SOLE Alliance Data Systems C Com 018581108 4,435 42,710 DEFINED 1 SOLE Amazon.com, Inc. Com 023135106 7,232 41,780 DEFINED 1 SOLE Ameriprise Financial, I Com 03076c106 60,190 1,212,540 DEFINED 1 SOLE AMETEK, Inc. Com 031100100 2,892 68,695 DEFINED 1 SOLE AmTrust Financial Servi Com 032359309 21,980 925,457 DEFINED 1 SOLE Ancestry.com, Inc. Com 032803108 9,155 398,730 DEFINED 1 SOLE Anheuser-Busch InBev N. ADR 03524a108 7,150 117,230 DEFINED 1 SOLE AOL, Inc. Com 00184X105 120,054 7,950,590 DEFINED 1 SOLE Apollo Group, Inc., Cla Cl A 037604105 3,843 71,330 DEFINED 1 SOLE Apple, Inc. Com 037833100 21,643 53,440 DEFINED 1 SOLE Arcos Dorados Holdings, SHS Cl A G0457F107 3,488 169,890 DEFINED 1 SOLE Aruba Networks, Inc. Com 043176106 9,418 508,545 DEFINED 1 SOLE Aspen Technology, Inc. Com 045327103 13,303 766,760 DEFINED 1 SOLE Associated Banc-Corp. Com 045487105 120,901 10,823,760 DEFINED 1 SOLE Atmel Corp. Com 049513104 165,003 20,370,742 DEFINED 1 SOLE Autodesk, Inc. Com 052769106 2,814 92,770 DEFINED 1 SOLE Avago Technologies Ltd. SHS Y0486S104 6,294 218,090 DEFINED 1 SOLE Aveo Pharmaceuticals, I Com 053588109 10,201 593,100 DEFINED 1 SOLE Balchem Corp. Com 057665200 16,513 407,333 DEFINED 1 SOLE Bank of America Corp. Com 060505104 44 8,000 DEFINED 1 SOLE Barrick Gold Corp. Com 067901108 65,252 1,442,029 DEFINED 1 SOLE Baxter International, I Com 071813109 1,814 36,670 DEFINED 1 SOLE BE Aerospace, Inc. Com 073302101 17,202 444,380 DEFINED 1 SOLE Berkshire Hathaway, Inc Cl A 084670108 19,853 173 DEFINED 1 SOLE Berkshire Hathaway, Inc Cl B 084670702 2,309 30,258 DEFINED 1 SOLE Berry Petroleum Co., Cl Cl A 085789105 10,676 254,059 DEFINED 1 SOLE BHP Billiton Ltd., ADR ADR 088606108 136,977 1,939,359 DEFINED 1 SOLE Biogen Idec, Inc. Com 09062x103 1,358 12,340 DEFINED 1 SOLE BioMarin Pharmaceutical Com 09061g101 14,232 413,962 DEFINED 1 SOLE BJ's Restaurants, Inc. Com 09180C106 11,831 261,054 DEFINED 1 SOLE BlackRock, Inc. Com 09247x101 4,903 27,510 DEFINED 1 SOLE BorgWarner, Inc. Com 099724106 24,616 386,190 DEFINED 1 SOLE Broadcom Corp., Class A Cl A 111320107 4,632 157,780 DEFINED 1 SOLE Broadsoft, Inc. Com 11133B409 10,510 348,000 DEFINED 1 SOLE Brookdale Senior Living Com 112463104 2,175 125,080 DEFINED 1 SOLE Cabot Oil & Gas, Corpor Com 127097103 534 7,040 DEFINED 1 SOLE Calpine Corp. Com 131347304 388,638 23,798,996 DEFINED 1 SOLE Cameron International C Com 13342B105 2,560 52,040 DEFINED 1 SOLE CARBO Ceramics, Inc. Com 140781105 15,131 122,684 DEFINED 1 SOLE Catalyst Health Solutio Com 14888b103 11,621 223,480 DEFINED 1 SOLE Cavium Networks, Inc. Com 14964u108 3,399 119,550 DEFINED 1 SOLE Cerner Corp. Com 156782104 3,155 51,510 DEFINED 1 SOLE Chefs' Warehouse Holdin Com 163086101 8,192 458,686 DEFINED 1 SOLE Chesapeake Energy Corp. Com 165167107 7,151 320,800 DEFINED 1 SOLE Cisco Systems, Inc. Com 17275r102 7,205 398,520 DEFINED 1 SOLE Citrix Systems, Inc. Com 177376100 2,970 48,910 DEFINED 1 SOLE Clean Harbors, Inc. Com 184496107 12,321 193,328 DEFINED 1 SOLE CME Group, Inc. Com 12572Q105 9,261 38,007 DEFINED 1 SOLE Coach, Inc. Com 189754104 12,020 196,920 DEFINED 1 SOLE Cognizant Technology So Cl A 192446102 5,248 81,600 DEFINED 1 SOLE Commerce Bancshares, In Com 200525103 22,679 594,931 DEFINED 1 SOLE Commercial Vehicle Grou Com 202608105 18,087 2,000,770 DEFINED 1 SOLE Commvault Systems, Inc. Com 204166102 9,618 225,150 DEFINED 1 SOLE Compass Minerals Intern Com 20451N101 295,066 4,285,638 DEFINED 1 SOLE comScore, Inc. Com 20564w105 24,028 1,133,396 DEFINED 1 SOLE Concho Resources, Inc. Com 20605P101 190,418 2,031,120 DEFINED 1 SOLE Concur Technologies, In Com 206708109 18,020 354,800 DEFINED 1 SOLE Core Laboratories N.V. Com n22717107 21,981 192,903 DEFINED 1 SOLE Costco Wholesale Corp. Com 22160k105 2,159 25,910 DEFINED 1 SOLE Cree, Inc. Com 225447101 18,262 828,570 DEFINED 1 SOLE Crocs, Inc. Com 227046109 9,245 625,930 DEFINED 1 SOLE Crown Holdings, Inc. Com 228368106 84,854 2,526,916 DEFINED 1 SOLE CVS Caremark Corp. Com 126650100 61,673 1,512,325 DEFINED 1 SOLE Cyberonics, Inc. Com 23251P102 18,175 542,552 DEFINED 1 SOLE Danaher Corp. Com 235851102 9,285 197,390 DEFINED 1 SOLE Deckers Outdoor Corp. Com 243537107 7,895 104,470 DEFINED 1 SOLE Denbury Resources, Inc. Com 247916208 354,663 23,487,592 DEFINED 1 SOLE Dexcom, Inc. Com 252131107 13,175 1,415,098 DEFINED 1 SOLE Dice Holdings, Inc. Com 253017107 14,122 1,703,464 DEFINED 1 SOLE Discovery Communication Com SER C 25470F302 8,603 228,205 DEFINED 1 SOLE Dril-Quip, Inc. Com 262037104 11,242 170,796 DEFINED 1 SOLE DST Systems, Inc. Com 233326107 60,444 1,327,850 DEFINED 1 SOLE Eastman Chemical Co. Com 277432100 104,698 2,680,443 DEFINED 1 SOLE eBay, Inc. Com 278642103 52,748 1,739,148 DEFINED 1 SOLE Ecolab, Inc. Com 278865100 13,376 231,380 DEFINED 1 SOLE eHealth, Inc. Com 28238p109 44,812 3,048,436 DEFINED 1 SOLE Elizabeth Arden, Inc. Com 28660G106 7,834 211,510 DEFINED 1 SOLE EMC Corp. Com 268648102 8,516 395,340 DEFINED 1 SOLE Endologix, Inc. Com 29266S106 5,245 456,870 DEFINED 1 SOLE EQT Corp. Com 26884L109 107,000 1,952,904 DEFINED 1 SOLE Euronet Worldwide, Inc. Com 298736109 83,537 4,520,397 DEFINED 1 SOLE Express, Inc. Com 30219E103 11,673 585,420 DEFINED 1 SOLE Exxon Mobil Corp. Com 30231g102 4,727 55,766 DEFINED 1 SOLE F5 Networks, Inc. Com 315616102 1,212 11,420 DEFINED 1 SOLE FactSet Research System Com 303075105 1,638 18,766 DEFINED 1 SOLE Financial Engines, Inc. Com 317485100 15,410 690,118 DEFINED 1 SOLE Finisar Corp. Com 31787A507 3,078 183,840 DEFINED 1 SOLE First Horizon National Com 320517105 194,799 24,349,892 DEFINED 1 SOLE FMC Corp. Com 302491303 241,432 2,806,044 DEFINED 1 SOLE Fortinet, Inc. Com 34959E109 24,429 1,120,087 DEFINED 1 SOLE Freeport-McMoRan Copper Com 35671d857 1,260 34,250 DEFINED 1 SOLE Fusion-io, Inc. Com 36112J107 3,146 130,000 DEFINED 1 SOLE GameStop Corp., Class A Cl A 36467W109 256,864 10,645,010 DEFINED 1 SOLE Gardner Denver, Inc. Com 365558105 14,829 192,430 DEFINED 1 SOLE Gartner, Inc. Com 366651107 12,721 365,860 DEFINED 1 SOLE GeoResources, Inc. Com 372476101 10,844 369,960 DEFINED 1 SOLE Gilead Sciences, Inc. Com 375558103 1,618 39,520 DEFINED 1 SOLE Globe Specialty Metals, Com 37954N206 8,993 671,616 DEFINED 1 SOLE Goldcorp, Inc. Com 380956409 198,858 4,493,973 DEFINED 1 SOLE Google, Inc., Class A Cl A 38259p508 20,607 31,905 DEFINED 1 SOLE Graco, Inc. Com 384109104 15,530 379,800 DEFINED 1 SOLE Grand Canyon Education, Com 38526m106 12,952 811,520 DEFINED 1 SOLE Guess?, Inc. Com 401617105 69,632 2,335,092 DEFINED 1 SOLE Hain Celestial Group, I Com 405217100 9,374 255,700 DEFINED 1 SOLE Halozyme Therapeutics, Com 40637h109 10,753 1,130,680 DEFINED 1 SOLE Harman International In Com 413086109 88,534 2,327,382 DEFINED 1 SOLE HEICO Corp., Class A Cl A 422806208 16,084 408,748 DEFINED 1 SOLE Hexcel Corp. Com 428291108 9,499 392,370 DEFINED 1 SOLE Higher One Holdings, In Com 42983D104 11,956 648,381 DEFINED 1 SOLE Hittite Microwave Corp. Com 43365y104 2,078 42,090 DEFINED 1 SOLE HMS Holdings Corp. Com 40425j101 18,373 574,530 DEFINED 1 SOLE Hologic, Inc. Com 436440101 531 30,310 DEFINED 1 SOLE HomeAway, Inc. Com 43739Q100 747 32,150 DEFINED 1 SOLE Honeywell International Com 438516106 48,363 889,838 DEFINED 1 SOLE Huron Consulting Group, Com 447462102 10,035 259,030 DEFINED 1 SOLE ICF International, Inc. Com 44925c103 8,582 346,323 DEFINED 1 SOLE Idenix Pharmaceuticals, Com 45166R204 4,519 606,930 DEFINED 1 SOLE IHS, Inc., Class A Cl A 451734107 2,307 26,770 DEFINED 1 SOLE Informatica Corp. Com 45666Q102 12,108 327,852 DEFINED 1 SOLE Inhibitex, Inc. Com 45719T103 4,987 455,810 DEFINED 1 SOLE Inphi Corp. Com 45772F107 17,319 1,448,118 DEFINED 1 SOLE Integrated Device Techn Com 458118106 79,864 14,627,067 DEFINED 1 SOLE IntercontinentalExchang Com 45865v100 679 5,630 DEFINED 1 SOLE Intermolecular Com 45882D109 8,330 970,830 DEFINED 1 SOLE International Business Com 459200101 2,083 11,330 DEFINED 1 SOLE Intuit, Inc. Com 461202103 13,040 247,965 DEFINED 1 SOLE Intuitive Surgical, Inc.Com 46120e602 745 1,610 DEFINED 1 SOLE j2 Global, Inc. Com 48123v102 20,973 745,313 DEFINED 1 SOLE Jive Software Inc. Com 47760A108 80 5,000 DEFINED 1 SOLE KeyCorp Com 493267108 139,119 18,090,901 DEFINED 1 SOLE Kraft Foods, Inc.,Class Cl A 50075n104 7,674 205,408 DEFINED 1 SOLE Lam Research Corp. Com 512807108 7,640 206,370 DEFINED 1 SOLE Laredo Petroleum Holdin Com 516806106 52,992 2,376,339 DEFINED 1 SOLE Life Technologies Corp. Com 53217v109 97,296 2,500,540 DEFINED 1 SOLE Limited Brands, Inc. Com 532716107 3,029 75,070 DEFINED 1 SOLE LKQ Corp. Com 501889208 16,849 560,140 DEFINED 1 SOLE Lockheed Martin Corp. Com 539830109 36,002 445,015 DEFINED 1 SOLE LPL Investment Holdings Com 50213H100 2,326 76,150 DEFINED 1 SOLE LSB Industries, Inc. Com 502160104 766 27,328 DEFINED 1 SOLE Luminex Corp. Com 55027e102 9,533 449,040 DEFINED 1 SOLE Magellan Health Service Com 559079207 45,877 927,368 DEFINED 1 SOLE MarketAxess Holdings, I Com 57060d108 13,479 447,670 DEFINED 1 SOLE Martin Marietta Materia Com 573284106 352,892 4,679,648 DEFINED 1 SOLE MasterCard, Inc., Class Cl A 57636Q104 12,932 34,688 DEFINED 1 SOLE McCormick & CO., Inc. Com 579780206 4,260 84,500 DEFINED 1 SOLE McDonald's Corp. Com 580135101 2,257 22,498 DEFINED 1 SOLE MDC Partners, Inc., Cla Cl A 552697104 5,709 422,233 DEFINED 1 SOLE Medco Health Solutions, Com 58405u102 1,753 31,360 DEFINED 1 SOLE Medivation, Inc. Com 58501N101 12,104 262,500 DEFINED 1 SOLE Mellanox Technologies L SHS M51363113 7,533 231,860 DEFINED 1 SOLE Merck & Co., Inc. Com 58933y105 54,755 1,452,395 DEFINED 1 SOLE MetLife, Inc. Com 59156r108 38,580 1,237,330 DEFINED 1 SOLE Michael Kors Holdings L SHS G60754101 4,004 146,930 DEFINED 1 SOLE MICROS Systems, Inc. Com 594901100 3,503 75,210 DEFINED 1 SOLE Microsoft Corp. Com 594918104 78,070 3,007,308 DEFINED 1 SOLE MicroStrategy, Inc., Cl Cl A 594972408 5,571 51,429 DEFINED 1 SOLE Middleby Corp. Com 596278101 10,544 112,127 DEFINED 1 SOLE MoneyGram International Com 60935Y208 47,148 2,656,198 DEFINED 1 SOLE Motorola Solutions Inc. Com 620076307 62,365 1,347,274 DEFINED 1 SOLE Myriad Genetics, Inc. Com 62855J104 110,274 5,266,198 DEFINED 1 SOLE NETGEAR, Inc. Com 64111q104 17,801 530,271 DEFINED 1 SOLE New Corp Class A Cl A 65248E104 29,732 1,666,610 DEFINED 1 SOLE New Gold, Inc. Com 644535106 218,002 21,627,136 DEFINED 1 SOLE NIKE, Inc., Class B Cl B 654106103 1,604 16,640 DEFINED 1 SOLE Nordstrom, Inc. Com 655664100 3,735 75,140 DEFINED 1 SOLE NPS Pharmaceuticals, In Com 62936P103 10,321 1,566,140 DEFINED 1 SOLE Nuance Communications, Com 67020Y100 2,644 105,100 DEFINED 1 SOLE O2Micro International L ADR 67107w100 1,056 264,642 DEFINED 1 SOLE Occidental Petroleum Co Com 674599105 238,491 2,545,259 DEFINED 1 SOLE Oclaro, Inc. Com 67555n206 4,702 1,667,308 DEFINED 1 SOLE Ocz Technology Group, I Com 67086E303 6,987 1,056,990 DEFINED 1 SOLE Oil States Internationa Com 678026105 3,339 43,720 DEFINED 1 SOLE Old Dominion Freight Li Com 679580100 19,745 487,180 DEFINED 1 SOLE Oracle Corp. Com 68389X105 20,711 807,435 DEFINED 1 SOLE OYO Geospace Corporatio Com 671074102 11,823 152,893 DEFINED 1 SOLE Pall Corp. Com 696429307 5,825 101,930 DEFINED 1 SOLE Parametric Technology C Com 699173209 77,319 4,234,314 DEFINED 1 SOLE Peabody Energy Corp. Com 704549104 166,028 5,014,429 DEFINED 1 SOLE Peet's Coffee & Tea, In Com 705560100 6,500 103,696 DEFINED 1 SOLE Pegasystems Inc. Com 705573103 2,232 75,918 DEFINED 1 SOLE Perrigo Co. Com 714290103 4,412 45,340 DEFINED 1 SOLE Pfizer, Inc. Com 717081103 60,592 2,800,007 DEFINED 1 SOLE Pharmasset, Inc. Com 71715N106 1,110 8,660 DEFINED 1 SOLE Philip Morris Internati Com 718172109 3,172 40,420 DEFINED 1 SOLE PICO Holdings, Inc. Com 693366205 38,780 1,884,332 DEFINED 1 SOLE Portfolio Recovery Asso Com 73640q105 23,519 348,333 DEFINED 1 SOLE Praxair, Inc. Com 74005P104 150,075 1,403,884 DEFINED 1 SOLE Precision Castparts Cor Com 740189105 1,898 11,520 DEFINED 1 SOLE Priceline.com, Inc. Com 741503403 2,942 6,290 DEFINED 1 SOLE Prudential Financial, I Com 744320102 31,008 618,670 DEFINED 1 SOLE QEP Resources, Inc. Com 74733V100 90,007 3,071,921 DEFINED 1 SOLE Qlik Technologies Inc. Com 74733T105 2,538 104,880 DEFINED 1 SOLE QUALCOMM, Inc. Com 747525103 18,981 346,995 DEFINED 1 SOLE Questar Corp. Com 748356102 88,438 4,453,060 DEFINED 1 SOLE RADWARE Ltd. ORD M81873107 3,165 108,210 DEFINED 1 SOLE Range Resources Corp. Com 75281A109 145,508 2,349,170 DEFINED 1 SOLE RBC Bearings, Inc. Com 75524b104 14,905 357,436 DEFINED 1 SOLE Redwood Trust, Inc. Com 758075402 40,260 3,954,803 DEFINED 1 SOLE Regeneron Pharmaceutica Com 75886f107 562 10,130 DEFINED 1 SOLE RenaissanceRe Holdings Com G7496G103 84,005 1,129,558 DEFINED 1 SOLE Riverbed Technology, In Com 768573107 13,410 570,640 DEFINED 1 SOLE Roadrunner Transportati Com 76973Q105 12,917 914,189 DEFINED 1 SOLE Robbins & Myers Inc. Com 770196103 8,013 165,054 DEFINED 1 SOLE Robert Half Internation Com 770323103 3,135 110,170 DEFINED 1 SOLE Rock-Tenn Co., Class A Cl A 772739207 18,698 324,050 DEFINED 1 SOLE Rockwood Holdings, Inc. Com 774415103 4,399 111,730 DEFINED 1 SOLE Roper Industries, Inc. Com 776696106 904 10,410 DEFINED 1 SOLE Rosetta Resources, Inc. Com 777779307 11,940 274,480 DEFINED 1 SOLE Salesforce.com, Inc. Com 79466l302 2,071 20,410 DEFINED 1 SOLE SanDisk Corp. Com 80004c101 5,018 101,980 DEFINED 1 SOLE SemiLEDS Corp. Com 816645105 6,908 2,025,690 DEFINED 1 SOLE Shire PLC, ADR ADR 82481R106 1,675 16,120 DEFINED 1 SOLE ShoreTel, Inc. Com 825211105 2,590 406,020 DEFINED 1 SOLE Shutterfly, Inc. Com 82568P304 5,179 227,530 DEFINED 1 SOLE Signature Bank Com 82669G104 9,070 151,200 DEFINED 1 SOLE Silicon Graphics Intern Com 82706L108 5,708 498,100 DEFINED 1 SOLE Sirona Dental Systems, Com 82966C103 83,772 1,902,175 DEFINED 1 SOLE Sonus Networks, Inc. Com 835916107 2,375 989,620 DEFINED 1 SOLE Sourcefire, Inc. Com 83616t108 13,772 425,317 DEFINED 1 SOLE Southwestern Energy Co. Com 845467109 322,119 10,085,140 DEFINED 1 SOLE SPDR S&P GL NAT RESOURC ETF 78463X541 9,976 203,500 DEFINED 1 SOLE SPDR TR UNIT SER 1 ETF 78462F103 663 5,286 DEFINED 1 SOLE StanCorp Financial Grou Com 852891100 98,819 2,688,944 DEFINED 1 SOLE Starbucks Corp. Com 855244109 4,149 90,170 DEFINED 1 SOLE State Street Corp. Com 857477103 33,950 842,213 DEFINED 1 SOLE Susquehanna Bancshares, Com 869099101 4,393 524,207 DEFINED 1 SOLE SVB Financial Group Com 78486q101 2,067 43,350 DEFINED 1 SOLE Symantec Corp. Com 871503108 161,337 10,309,048 DEFINED 1 SOLE Synopsys, Inc. Com 871607107 43,153 1,586,522 DEFINED 1 SOLE Taleo Corp., Class A Cl A 87424n104 15,180 392,347 DEFINED 1 SOLE Talisman Energy, Inc. Com 87425E103 275,623 21,617,477 DEFINED 1 SOLE Taseko Mines Ltd. Com 876511106 79,106 28,976,561 DEFINED 1 SOLE Team Health Holdings, I Com 87817a107 19,166 868,425 DEFINED 1 SOLE Teradata Corp. Com 88076W103 1,928 39,740 DEFINED 1 SOLE Teva Pharmaceutical Ind ADR 881624209 5,032 124,675 DEFINED 1 SOLE The Advisory Board Co. Com 00762w107 6,646 89,550 DEFINED 1 SOLE The Allstate Corp. Com 020002101 38,914 1,419,700 DEFINED 1 SOLE The Boeing Co. Com 097023105 1,917 26,130 DEFINED 1 SOLE The Charles Schwab Corp Com 808513105 27,674 2,457,708 DEFINED 1 SOLE The Gap, Inc. Com 364760108 133,556 7,199,764 DEFINED 1 SOLE The Ultimate Software G Com 90385D107 17,139 263,190 DEFINED 1 SOLE Thomas & Betts Corp Com 884315102 6,781 124,200 DEFINED 1 SOLE Tiffany & Co. Com 886547108 4,641 70,040 DEFINED 1 SOLE Torchmark Corp. Com 891027104 104,471 2,407,718 DEFINED 1 SOLE Tractor Supply Co. Com 892356106 18,868 268,960 DEFINED 1 SOLE Ubiquitti Networks Inc. Com 90347A100 3,141 172,324 DEFINED 1 SOLE Ulta Salon, Cosmetics & Com 90384S303 17,706 272,730 DEFINED 1 SOLE Under Armour, Inc., Cla Cl A 904311107 21,123 294,233 DEFINED 1 SOLE United Parcel Service, Cl B 911312106 68,420 934,822 DEFINED 1 SOLE United Technologies Cor Com 913017109 5,853 80,077 DEFINED 1 SOLE Vale S.A., ADR ADR 91912E105 73,361 3,420,090 DEFINED 1 SOLE VCA Antech, Inc. Com 918194101 76,775 3,887,367 DEFINED 1 SOLE VeriFone Systems, Inc. Com 92342y109 14,009 394,399 DEFINED 1 SOLE Verisk Analytics, Inc., Cl A 92345Y106 5,098 127,040 DEFINED 1 SOLE Vitamin Shoppe, Inc. Com 92849e101 26,610 667,263 DEFINED 1 SOLE VMware, Inc., Class A Cl A 928563402 3,313 39,820 DEFINED 1 SOLE Volcano Corp. Com 928645100 8,224 345,710 DEFINED 1 SOLE Warner Chilcott PLC, Cl SHS Cl A g94368100 149,302 9,867,944 DEFINED 1 SOLE Waste Connections, Inc. Com 941053100 96,218 2,903,368 DEFINED 1 SOLE Wells Fargo & Co. Com 949746101 28 1,001 DEFINED 1 SOLE Whole Foods Market, Inc Com 966837106 2,722 39,120 DEFINED 1 SOLE Willis Group Holdings P SHS G96666105 90,751 2,338,932 DEFINED 1 SOLE Wright Express Corp. Com 98233Q105 18,029 332,143 DEFINED 1 SOLE Wynn Resorts Ltd. Com 983134107 1,899 17,190 DEFINED 1 SOLE Yahoo! Inc. Com 984332106 3,262 202,210 DEFINED 1 SOLE Zimmer Holdings, Inc. Com 98956P102 5,279 98,825 DEFINED 1 SOLE Zoll Medical Corp. Com 989922109 11,806 186,860 DEFINED 1 SOLE