13F-HR 1 dec12.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, 2012 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 February 14, 2013 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: 169 Form 13F Information Table Value Total: $ 6,405,280 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Airgas Inc ARG COM 009363102 106,025 1,161,404 SH Sole 1,076,161 85,243 Airgas Inc ARG COM 009363102 33,986 372,289 SH Defined 01 372,289 Albemarle Corp ALB COM 012653101 11,754 189,216 SH Sole 157,386 31,830 Albemarle Corp ALB COM 012653101 7,380 118,800 SH Defined 01 118,800 American International Group COM NEW 026874784 13,697 388,010 SH Sole 322,420 65,590 American International Group COM NEW 026874784 8,642 244,815 SH Defined 01 244,815 Ametek Inc. AME COM 031100100 124,073 3,302,438 SH Sole 3,077,795 224,643 Ametek Inc. AME COM 031100100 37,039 985,872 SH Defined 01 985,872 Amphenol Corporation CL A 032095101 105,143 1,625,091 SH Sole 1,519,258 105,833 Amphenol Corporation CL A 032095101 38,237 590,991 SH Defined 01 590,991 Apollo Global Management APO CL A SHS 037612306 1,720 99,055 SH Sole 99,055 Arctic Cat Inc ACAT COM 039670104 14,127 423,096 SH Sole 423,096 Arctic Cat Inc ACAT COM 039670104 11,126 333,227 SH Defined 01 333,227 Athenahealth Inc ATHN COM 04685W103 15,401 210,132 SH Sole 210,132 Athenahealth Inc ATHN COM 04685W103 11,020 150,355 SH Defined 01 150,355 Autozone Inc AZO COM 053332102 13,423 37,871 SH Sole 33,601 4,270 Autozone Inc AZO COM 053332102 7,424 20,945 SH Defined 01 20,945 Banco Santander SA - SPON ADR ADR 05964H105 4,863 595,208 SH Sole 595,208 Berry Plastics Group Inc BER COM AD08579W10340,808 2,537,829 SH Sole 2,111,564 426,265 Berry Plastics Group Inc BER COM AD08579W10325,586 1,591,165 SH Defined 01 1,591,165 Blackstone Group The COM UNIT LTD 09253U108 50,840 3,261,038 SH Sole 3,261,038 Blackstone Group The COM UNIT LTD 09253U108 12,347 792,000 SH CALL Sole 640,000 152,000 Blackstone Group The COM UNIT LTD 09253U108 59,016 3,785,500 SH CALL Sole 3,785,500 Blackstone Group The COM UNIT LTD 09253U108 8,426 540,500 SH CALL Defined 01 540,500 Blackstone Group The COM UNIT LTD 09253U108 44,330 2,843,500 SH CALL Defined 01 2,843,500 Blount International BLT COM 095180105 52,214 3,300,483 SH Sole 3,040,551 259,932 Blount International BLT COM 095180105 15,997 1,011,187 SH Defined 01 1,011,187 Brookdale Sr Living Inc BKD COM 112463104 11,804 466,184 SH Sole 388,534 77,650 Brookdale Sr Living Inc BKD COM 112463104 7,493 295,932 SH Defined 01 295,932 Brookfield Asset Management CL A LTD VT SH 112585104 149,388 4,076,072 SH Sole 3,770,557 305,515 Brookfield Asset Management CL A LTD VT SH 112585104 42,888 1,170,208 SH Defined 01 1,170,208 Bruker Corporation BRKR COM 116794108 5,667 371,909 SH Sole 280,196 91,713 Bruker Corporation BRKR COM 116794108 2,313 151,809 SH Defined 01 151,809 C.H. Robinson Worldwide Inc COM NEW 12541W209 7,045 111,434 SH Sole 111,434 C.H. Robinson Worldwide Inc COM NEW 12541W209 2,860 45,231 SH Defined 01 45,231 CBRE Group Inc CBG CL A 12504L109 248,425 12,483,673 SH Sole 10,964,175 1,519,498 CBRE Group Inc CBG CL A 12504L109 120,630 6,061,819 SH Defined 01 6,061,819 Central European Media Ent-A CL A NEW G20045202 5,623 909,886 SH Sole 909,886 Central European Media Ent-A CL A NEW G20045202 4,161 673,370 SH Defined 01 673,370 Chubb Corp CB COM 171232101 9,107 120,917 SH Sole 120,917 Chubb Corp CB COM 171232101 6,143 81,565 SH Defined 01 81,565 Coach Inc COH COM 189754104 22,553 406,280 SH Sole 406,280 Coach Inc COH COM 189754104 14,316 257,900 SH Defined 01 257,900 Danaher Corporation DHR COM 235851102 73,101 1,307,713 SH Sole 1,155,870 151,843 Danaher Corporation DHR COM 235851102 45,065 806,171 SH Defined 01 806,171 Dentsply International Inc X COM 249030107 139,532 3,522,646 SH Sole 3,280,714 241,932 Dentsply International Inc X COM 249030107 46,971 1,185,843 SH Defined 01 1,185,843 Expeditors Intl Wash Inc EXP COM 302130109 5,087 128,612 SH Sole 128,612 Expeditors Intl Wash Inc EXP COM 302130109 2,052 51,877 SH Defined 01 51,877 First Republic Bank FRC COM 33616C100 77,163 2,353,953 SH Sole 2,197,060 156,893 First Republic Bank FRC COM 33616C100 28,231 861,224 SH Defined 01 861,224 Firstservice Corporation-VTG SUB VTG SH 33761N109 13,856 490,809 SH Sole 490,809 Firstservice Corporation-VTG SUB VTG SH 33761N109 9,745 345,204 SH Defined 01 345,204 Fortress Investment Group-Cl A CL A 34958B106 3,992 909,255 SH Sole 909,255 Garmin Ltd GRMN SHS h2906t109 138,927 3,409,240 SH Sole 3,173,902 235,338 Garmin Ltd GRMN SHS h2906t109 44,857 1,100,779 SH Defined 01 1,100,779 Google Inc GOOG CL A 38259P508 20,560 29,065 SH Sole 26,576 2,489 Google Inc GOOG CL A 38259P508 19,246 27,207 SH Defined 01 27,207 HJ Heinz Co HNZ COM 423074103 42,747 741,100 SH CALL Sole 741,100 HJ Heinz Co HNZ COM 423074103 36,292 629,200 SH CALL Defined 01 629,200 Harley-Davidson Inc. HOG COM 412822108 134,322 2,750,803 SH Sole 2,553,079 197,724 Harley-Davidson Inc. HOG COM 412822108 44,608 913,544 SH Defined 01 913,544 Harry Winston Diamond Corp H COM 41587B100 18,896 1,343,009 SH Sole 1,258,958 84,051 Harry Winston Diamond Corp H COM 41587B100 7,622 541,704 SH Defined 01 541,704 Heico Corp HEI COM 422806109 64,790 1,447,492 SH Sole 1,360,941 86,551 Heico Corp HEI COM 422806109 26,922 601,478 SH Defined 01 601,478 Henry Schein HSIC COM 806407102 67,849 843,689 SH Sole 701,518 142,171 Henry Schein HSIC COM 806407102 42,467 528,069 SH Defined 01 528,069 IHS Inc Class A IHS CL A 451734107 113,369 1,180,930 SH Sole 1,089,992 90,938 IHS Inc Class A IHS CL A 451734107 33,578 349,775 SH Defined 01 349,775 ITT Educational Services ESI COM 45068B109 38,968 2,251,189 SH Sole 1,870,501 380,688 ITT Educational Services ESI COM 45068B109 26,982 1,558,764 SH Defined 01 1,558,764 Intl Speedway Corp CL A ISCA CL A 460335201 10,853 392,520 SH Sole 392,520 Intl Speedway Corp CL A ISCA CL A 460335201 8,660 313,202 SH Defined 01 313,202 Intuit Inc INTU COM 461202103 60,388 1,015,352 SH Sole 1,015,352 Intuit Inc INTU COM 461202103 39,977 672,153 SH Defined 01 672,153 K Swiss Inc CL A KSWS CL A 482686102 3,006 894,597 SH Sole 894,597 K Swiss Inc CL A KSWS CL A 482686102 2,626 781,688 SH Defined 01 781,688 KKR & Co Lp KKR COM UNITS 48248M102 9,584 629,314 SH Sole 629,314 KKR & Co Lp KKR COM UNITS 48248M102 19,237 1,263,100 SH CALL Sole 1,117,500 145,600 KKR & Co Lp KKR COM UNITS 48248M102 2,536 166,500 SH CALL Sole 166,500 KKR & Co Lp KKR COM UNITS 48248M102 14,567 956,500 SH CALL Defined 01 956,500 Kirby Corp KEX COM 497266106 198,173 3,202,018 SH Sole 2,964,783 237,235 Kirby Corp KEX COM 497266106 60,180 972,371 SH Defined 01 972,371 Lowe's Companies, Inc. LOW COM 548661107 9,988 281,200 SH Sole 281,200 Lowe's Companies, Inc. LOW COM 548661107 3,973 111,848 SH Defined 01 111,848 Lyondellbasell Indu-Cl a LYB SHS - A - N53745100 9,505 166,500 SH Sole 152,500 14,000 Lyondellbasell Indu-Cl a LYB SHS - A - N53745100 8,935 156,500 SH Defined 01 156,500 MGIC Investment Corp MTG COM 552848103 2,027 761,900 SH CALL Sole 761,900 MGIC Investment Corp MTG COM 552848103 3,894 1,464,000 SH CALL Sole 1,464,000 MGIC Investment Corp MTG COM 552848103 1,665 626,000 SH CALL Defined 01 626,000 MGIC Investment Corp MTG COM 552848103 3,152 1,185,000 SH CALL Defined 01 1,185,000 MRC Global Inc MRC COM 55345K103 108,859 3,918,603 SH Sole 3,263,970 654,633 MRC Global Inc MRC COM 55345K103 68,240 2,456,451 SH Defined 01 2,456,451 MSC Industrial Direct CO-A M CL A 553530106 124,167 1,647,211 SH Sole 1,529,210 118,001 MSC Industrial Direct CO-A M CL A 553530106 39,720 526,924 SH Defined 01 526,924 Markel Corp MKL COM 570535104 101,720 234,692 SH Sole 218,219 16,473 Markel Corp MKL COM 570535104 29,825 68,814 SH Defined 01 68,814 Mettler Toledo International COM 592688105 491 2,540 SH Sole 2,540 Micro Systems MCRS COM 594901100 47,097 1,109,721 SH Sole 1,052,827 56,894 Micro Systems MCRS COM 594901100 22,583 532,115 SH Defined 01 532,115 Mistras Group Inc MG COM 60649T107 3,974 160,966 SH Sole 160,966 Mistras Group Inc MG COM 60649T107 2,714 109,934 SH Defined 01 109,934 Mohawk Industries Inc MHK COM 608190104 5,754 63,600 SH Sole 63,600 Mohawk Industries Inc MHK COM 608190104 4,583 50,655 SH Defined 01 50,655 Nationstar Mortgage Holdings COM 63861C109 21,030 678,825 SH Sole 603,065 75,760 Nationstar Mortgage Holdings COM 63861C109 17,576 567,325 SH Defined 01 567,325 OReilly Automotive ORLY COM 67103H107 145,296 1,624,866 SH Sole 1,508,842 116,024 OReilly Automotive ORLY COM 67103H107 43,062 481,571 SH Defined 01 481,571 PBF Energy Inc. PBF CL A AD69318G10621,465 738,910 SH Sole 614,415 124,495 PBF Energy Inc. PBF CL A AD69318G10613,421 462,000 SH Defined 01 462,000 Paccar Inc. PCAR COM 693718108 28,143 622,500 SH CALL Sole 622,500 Paccar Inc. PCAR COM 693718108 22,695 502,000 SH CALL Defined 01 502,000 Pall Corp PLL COM 696429307 127,819 2,121,120 SH Sole 1,961,378 159,742 Pall Corp PLL COM 696429307 36,761 610,046 SH Defined 01 610,046 Patterson Cos Inc PDCO COM 703395103 9,173 267,978 SH Sole 241,854 26,124 Patterson Cos Inc PDCO COM 703395103 1,857 54,259 SH Defined 01 54,259 Paychex PAYX COM 704326107 77,928 2,505,733 SH Sole 2,295,921 209,812 Paychex PAYX COM 704326107 20,559 661,062 SH Defined 01 661,062 Perkinelmer Inc PKI COM 714046109 125,482 3,953,443 SH Sole 3,953,443 Perkinelmer Inc PKI COM 714046109 40,494 1,275,794 SH Defined 01 1,275,794 Perrigo Co. prgo COM 714290103 83,570 803,323 SH Sole 740,840 62,483 Perrigo Co. prgo COM 714290103 24,759 238,002 SH Defined 01 238,002 PetroLogistics LP PDH UNIT LTD PTH INT 71672U101 1,411 104,227 SH Sole 104,227 Ralph Lauren Corp RL CL A 751212101 1,213 8,090 SH Sole 8,090 Ralph Lauren Corp RL CL A 751212101 967 6,450 SH Defined 01 6,450 Rexnord Holdings, Inc. RXN COM 76169B102 20,995 985,704 SH Sole 824,234 161,470 Rexnord Holdings, Inc. RXN COM 76169B102 13,540 635,670 SH Defined 01 635,670 SEI Investments Company SEI COM 784117103 7,183 307,770 SH Sole 307,770 SEI Investments Company SEI COM 784117103 5,725 245,270 SH Defined 01 245,270 Scripps Networks Interactive I CL A COM 811065101 82,660 1,427,144 SH Sole 1,318,535 108,609 Scripps Networks Interactive I CL A COM 811065101 24,975 431,206 SH Defined 01 431,206 Sherwin Williams Co SHW COM 824348106 147,932 961,719 SH Sole 890,875 70,844 Sherwin Williams Co SHW COM 824348106 44,287 287,915 SH Defined 01 287,915 Sigma-Aldrich Corporation SI COM 826552101 116,056 1,577,279 SH Sole 1,577,279 Sigma-Aldrich Corporation SI COM 826552101 37,267 506,485 SH Defined 01 506,485 Signet Jewlers Ltd SIG SHS G81276100 144,231 2,700,954 SH Sole 2,517,213 183,741 Signet Jewlers Ltd SIG SHS G81276100 41,630 779,581 SH Defined 01 779,581 Sirona Dental Systems Inc. S COM 82966C103 2,158 33,480 SH Sole 33,480 Snap-On Inc. SNA COM 833034101 33,900 429,173 SH Sole 361,626 67,547 Snap-On Inc. SNA COM 833034101 23,130 292,818 SH Defined 01 292,818 Steiner Leisure LTD STNR ORD P8744Y102 7,879 163,056 SH Sole 163,056 Steiner Leisure LTD STNR ORD P8744Y102 5,426 112,294 SH Defined 01 112,294 Symantec Corp SYMC COM 871503108 13,437 714,000 SH CALL Sole 714,000 Symantec Corp SYMC COM 871503108 10,012 532,000 SH CALL Defined 01 532,000 TJX Companies Inc TJX COM 872540109 2,423 57,090 SH Sole 57,090 TJX Companies Inc TJX COM 872540109 988 23,285 SH Defined 01 23,285 Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 22,590 422,801 SH Sole 422,801 Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 18,030 337,450 SH Defined 01 337,450 Thermo Fisher Scientic Inc. COM 883556102 10,330 161,958 SH Sole 161,958 Thermo Fisher Scientic Inc. COM 883556102 4,197 65,797 SH Defined 01 65,797 Tiffany and Co TIF COM 886547108 4,705 82,050 SH Sole 82,050 Tiffany and Co TIF COM 886547108 3,747 65,349 SH Defined 01 65,349 Tractor Supply Co. TSCO COM 892356106 3,564 40,330 SH Sole 40,330 Tractor Supply Co. TSCO COM 892356106 2,839 32,135 SH Defined 01 32,135 TransDigm Group Inc. TDG COM 893641100 131,475 964,174 SH Sole 895,196 68,978 TransDigm Group Inc. TDG COM 893641100 39,682 291,006 SH Defined 01 291,006 Verisk Analytics Inc - Class A CL A 92345Y106 21,123 414,428 SH Sole 414,428 Verisk Analytics Inc - Class A CL A 92345Y106 15,452 303,156 SH Defined 01 303,156 Wabtec Corp WAB COM 929740108 124,858 1,426,294 SH Sole 1,329,421 96,873 Wabtec Corp WAB COM 929740108 37,234 425,339 SH Defined 01 425,339 West Marine Inc COM 954235107 9,512 884,869 SH Sole 884,869 West Marine Inc COM 954235107 6,955 647,001 SH Defined 01 647,001 Westlake Chemical Corporation COM 960413102 21,837 275,375 SH Sole 229,150 46,225 Westlake Chemical Corporation COM 960413102 13,792 173,917 SH Defined 01 173,917 Williams Sonoma Inc WSM COM 969904101 130,372 2,978,564 SH Sole 2,779,531 199,033 Williams Sonoma Inc WSM COM 969904101 43,783 1,000,295 SH Defined 01 1,000,295 Wolverine World Wide, Inc. WWW COM 978097103 117,209 2,860,143 SH Sole 2,641,067 219,076 Wolverine World Wide, Inc. WWW COM 978097103 35,968 877,700 SH Defined 01 877,700