0001539976-12-000004.txt : 20121102
0001539976-12-000004.hdr.sgml : 20121102
20121102130150
ACCESSION NUMBER: 0001539976-12-000004
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120930
FILED AS OF DATE: 20121102
DATE AS OF CHANGE: 20121102
EFFECTIVENESS DATE: 20121102
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Kames Capital Management Ltd
CENTRAL INDEX KEY: 0001539976
IRS NUMBER: 854638091
STATE OF INCORPORATION: X0
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-14991
FILM NUMBER: 121175992
BUSINESS ADDRESS:
STREET 1: KAMES HOUSE
STREET 2: 3 LOCHSIDE CRESCENT
CITY: EDINBURGH
STATE: X0
ZIP: EH12 9SA
BUSINESS PHONE: 0131 549 6851
MAIL ADDRESS:
STREET 1: KAMES HOUSE
STREET 2: 3 LOCHSIDE CRESCENT
CITY: EDINBURGH
STATE: X0
ZIP: EH12 9SA
13F-HR
1
Form13Fq3.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: 09/28/2012
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: KAMES CAPITAL MANAGEMENT
Address: 3 Lochside Crescent, Edinburgh Park, Edinburgh EH12 9SA
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 submission.
Persons Signing this Report on Behalf of Reporting Manager:
Name: GREG COOPER
Title: CHIEF ADMINISTRATION OFFICER
Phone: +44 131 549 6155
Signature, Place, and Date of Signing:
/s/ EDINBURGH, UNITED KINGDOM 11/02/2012
--------------------------------- --------------------------------- ----------
[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:
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 169
Form 13F Information Table Value Total: $2,924,982,019
--------------
(In Thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
---------------------------- ----------------------- --------- --------- ----------------- ---------- -------- ----------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------------- ----------------------- --------- --------- -------- --- ---- ---------- -------- ---- ------ ----
ABBOTT LABORATORIES COMMON STOCK USD 002824100 18687157 272646 FULL NO OTHER SOLE
ABERCROMBIE & FITCH CO. COMMON STOCK USD 002896207 11141504 328561 FULL NO OTHER SOLE
AETNA INC. COMMON STOCK USD 00817Y108 4246780 107269 FULL NO OTHER SOLE
AGILENT TECHNOLOGIES, INC. COMMON STOCK USD 00846U101 3221272 83800 FULL NO OTHER SOLE
ALLERGAN, INC. COMMON STOCK USD 018490102 22020594 240452 FULL NO OTHER SOLE
ALLIANCE DATA SYSTEMS CORPOR COMMON STOCK USD 018581108 1995118 14063 FULL NO OTHER SOLE
ALTRIA GROUP, INC. COMMON STOCK USD 02209S103 5879979 176100 FULL NO OTHER SOLE
AMAZON COM INC COM USD0.01 COMMON STOCK USD 023135106 8265400 32500 FULL NO OTHER SOLE
AMERICAN EXPRESS COMPANY COMMON STOCK USD 025816109 2921576 51400 FULL NO OTHER SOLE
AMERICAN INTERNATIONAL GROUP COMMON STOCK USD 026874784 28292320 863097 FULL NO OTHER SOLE
AMERICAN TOWER CORPORATION REIT USD 03027X100 30024498 420629 FULL NO OTHER SOLE
AMETEK, INC. COMMON STOCK USD 031100100 18915781 533741 FULL NO OTHER SOLE
AMGEN INC. COMMON STOCK USD 031162100 36833958 436939 FULL NO OTHER SOLE
ANADARKO PETROLEUM CORPORATI COMMON STOCK USD 032511107 42283799 605005 FULL NO OTHER SOLE
APPLE INC. COMMON STOCK USD 037833100 196788422 295013 FULL NO OTHER SOLE
AT&T INC. COMMON STOCK USD 00206R102 35558894 943457 FULL NO OTHER SOLE
BAIDU, INC. ADR USD 056752108 12849100 110000 FULL NO OTHER SOLE
BANK OF AMERICA CORPORATION COMMON STOCK USD 060505104 9506871 1079100 FULL NO OTHER SOLE
BED BATH & BEYOND INC. COMMON STOCK USD 075896100 6048000 96000 FULL NO OTHER SOLE
BERKSHIRE HATHAWAY INC. COMMON STOCK USD 084670702 3617618 41044 FULL NO OTHER SOLE
BIOGEN IDEC INC. COMMON STOCK USD 09062X103 7116363 47700 FULL NO OTHER SOLE
BIOMARIN PHARMACEUTICAL INC. COMMON STOCK USD 09061G101 15572973 386714 FULL NO OTHER SOLE
BRISTOL-MYERS SQUIBB COMPANY COMMON STOCK USD 110122108 6993528 207400 FULL NO OTHER SOLE
BROADCOM CORPORATION COMMON STOCK USD 111320107 2346140 67886 FULL NO OTHER SOLE
CABLEVISION SYSTEMS CORPORAT COMMON STOCK USD 12686C109 2836736 179200 FULL NO OTHER SOLE
CATERPILLAR INC. COMMON STOCK USD 149123101 21779011 253156 FULL NO OTHER SOLE
CELANESE CORPORATION COMMON STOCK USD 150870103 12417361 327981 FULL NO OTHER SOLE
CENTERPOINT ENERGY, INC. COMMON STOCK USD 15189T107 2307836 108400 FULL NO OTHER SOLE
CHECK POINT SOFTWARE TECHNOL COMMON STOCK USD M22465104 1949670 40500 FULL NO OTHER SOLE
CHENIERE ENERGY, INC. COMMON STOCK USD 16411R208 2365344 152800 FULL NO OTHER SOLE
CHEVRON CORPORATION COMMON STOCK USD 166764100 47080528 403986 FULL NO OTHER SOLE
CISCO SYSTEMS, INC. COMMON STOCK USD 17275R102 29155737 1527278 FULL NO OTHER SOLE
CITIGROUP INC. COMMON STOCK USD 172967424 54238836 1658680 FULL NO OTHER SOLE
CITRIX SYSTEMS, INC. COMMON STOCK USD 177376100 22110625 288839 FULL NO OTHER SOLE
CME GROUP INC. COMMON STOCK USD 12572Q105 21010126 366925 FULL NO OTHER SOLE
COGNIZANT TECHNOLOGY SOLUTIO COMMON STOCK USD 192446102 2437973 34888 FULL NO OTHER SOLE
COLGATE-PALMOLIVE COMPANY COMMON STOCK USD 194162103 5168004 48200 FULL NO OTHER SOLE
COMCAST CORPORATION COMMON STOCK USD 20030N101 53661466 1501440 FULL NO OTHER SOLE
COMERICA INCORPORATED COMMON STOCK USD 200340107 2761670 89000 FULL NO OTHER SOLE
CONOCOPHILLIPS COMMON STOCK USD 20825C104 2989468 52300 FULL NO OTHER SOLE
CORELOGIC, INC. COMMON STOCK USD 21871D103 1290702 48669 FULL NO OTHER SOLE
CORNING INCORPORATED COMMON STOCK USD 219350105 3992340 303600 FULL NO OTHER SOLE
COSTCO WHOLESALE CORPORATION COMMON STOCK USD 22160K105 5326384 53200 FULL NO OTHER SOLE
CROWN CASTLE INTERNATIONAL C COMMON STOCK USD 228227104 18663777 291212 FULL NO OTHER SOLE
CROWN HOLDINGS, INC. COMMON STOCK USD 228368106 18847583 512999 FULL NO OTHER SOLE
CUMMINS INC. COMMON STOCK USD 231021106 15065327 163487 FULL NO OTHER SOLE
CVS CAREMARK CORPORATION COMMON STOCK USD 126650100 5702698 117800 FULL NO OTHER SOLE
D.R. HORTON, INC. COMMON STOCK USD 23331A109 17125013 830505 FULL NO OTHER SOLE
DEUTSCHE BANK AKTIENGESELLSC COMMON STOCK EUR D18190898 27207003 685958 FULL NO OTHER SOLE
DEVON ENERGY CORPORATION COMMON STOCK USD 25179M103 3597965 59500 FULL NO OTHER SOLE
DISCOVER FINANCIAL SERVICES COMMON STOCK USD 254709108 5629741 141700 FULL NO OTHER SOLE
DUKE ENERGY CORPORATION COMMON STOCK USD 26441C204 4335250 66933 FULL NO OTHER SOLE
E. I. DU PONT DE NEMOURS AND COMMON STOCK USD 263534109 22353082 444926 FULL NO OTHER SOLE
EBAY INC. COMMON STOCK USD 278642103 8491900 175525 FULL NO OTHER SOLE
EDISON INTERNATIONAL COMMON STOCK USD 281020107 3531064 77300 FULL NO OTHER SOLE
ELI LILLY AND COMPANY COMMON STOCK USD 532457108 3588180 75700 FULL NO OTHER SOLE
EMC CORPORATION COMMON STOCK USD 268648102 39040932 1431644 FULL NO OTHER SOLE
EMERSON ELECTRIC CO. COMMON STOCK USD 291011104 7031482 145700 FULL NO OTHER SOLE
EXPEDITORS INTERNATIONAL OF COMMON STOCK USD 302130109 2854752 78600 FULL NO OTHER SOLE
EXPRESS SCRIPTS HOLDING COMP COMMON STOCK USD 30219G108 27832146 444390 FULL NO OTHER SOLE
EXXON MOBIL CORPORATION COMMON STOCK USD 30231G102 25650075 280574 FULL NO OTHER SOLE
F5 NETWORKS, INC. COMMON STOCK USD 315616102 1757112 16800 FULL NO OTHER SOLE
FAMILY DOLLAR STORES, INC. COMMON STOCK USD 307000109 3905070 58900 FULL NO OTHER SOLE
FEI COMPANY COMMON STOCK USD 30241L109 1707881 31923 FULL NO OTHER SOLE
FIRSTENERGY CORP. COMMON STOCK USD 337932107 2840040 64400 FULL NO OTHER SOLE
GENERAL ELECTRIC COMPANY COMMON STOCK USD 369604103 20357244 896400 FULL NO OTHER SOLE
GOOGLE INC. COMMON STOCK USD 38259P508 102530953 135916 FULL NO OTHER SOLE
HASBRO, INC. COMMON STOCK USD 418056107 4022778 105474 FULL NO OTHER SOLE
INTEL CORPORATION COMMON STOCK USD 458140100 33851014 1494526 FULL NO OTHER SOLE
INTERNATIONAL BUSINESS MACHI COMMON STOCK USD 459200101 44408289 214181 FULL NO OTHER SOLE
INTERNATIONAL PAPER COMPANY COMMON STOCK USD 460146103 5277296 145300 FULL NO OTHER SOLE
ISHARES TRUST ETP USD 464287234 33117587 800909 FULL NO OTHER SOLE
ISHARES TRUST ETP USD 464287630 4987600 67400 FULL NO OTHER SOLE
JOHNSON & JOHNSON COMMON STOCK USD 478160104 41498858 602568 FULL NO OTHER SOLE
JPMORGAN CHASE & CO. COMMON STOCK USD 46625H100 55972971 1383415 FULL NO OTHER SOLE
KINDER MORGAN INC. COMMON STOCK USD 49456B101 33727734 950077 FULL NO OTHER SOLE
KINDER MORGAN INC. EQUITY WRT USD 49456B119 276756 82368 FULL NO OTHER SOLE
KRAFT FOODS INC. COMMON STOCK USD 50075N104 5569845 134700 FULL NO OTHER SOLE
LAS VEGAS SANDS CORP. COMMON STOCK USD 517834107 22097131 476745 FULL NO OTHER SOLE
LINKEDIN CORPORATION COMMON STOCK USD 53578A108 1600788 13300 FULL NO OTHER SOLE
LOCKHEED MARTIN CORPORATION COMMON STOCK USD 539830109 5597345 59948 FULL NO OTHER SOLE
LOWE'S COMPANIES, INC. COMMON STOCK USD 548661107 32701234 1081390 FULL NO OTHER SOLE
LUMBER LIQUIDATORS HOLDINGS, COMMON STOCK USD 55003T107 2482340 49000 FULL NO OTHER SOLE
MARSH & MCLENNAN COMPANIES, COMMON STOCK USD 571748102 22912105 675674 FULL NO OTHER SOLE
MARVELL TECHNOLOGY GROUP LTD COMMON STOCK USD G5876H105 1122705 122700 FULL NO OTHER SOLE
MCDONALD'S CORPORATION COMMON STOCK USD 580135101 13977873 152364 FULL NO OTHER SOLE
MEAD JOHNSON NUTRITION COMPA COMMON STOCK USD 582839106 22310527 304539 FULL NO OTHER SOLE
MEDTRONIC, INC. COMMON STOCK USD 585055106 5367195 124500 FULL NO OTHER SOLE
MERCK & CO., INC. COMMON STOCK USD 58933Y105 39543299 876986 FULL NO OTHER SOLE
MICROCHIP TECHNOLOGY INCORPO COMMON STOCK USD 595017104 3681164 112505 FULL NO OTHER SOLE
MICRON TECHNOLOGY, INC. COMMON STOCK USD 595112103 1322178 221100 FULL NO OTHER SOLE
MICROSOFT CORPORATION COMMON STOCK USD 594918104 61000620 2050441 FULL NO OTHER SOLE
MORGAN STANLEY COMMON STOCK USD 617446448 4316340 258000 FULL NO OTHER SOLE
MOTOROLA SOLUTIONS, INC. COMMON STOCK USD 620076307 2643765 52300 FULL NO OTHER SOLE
NATIONAL OILWELL VARCO, INC. COMMON STOCK USD 637071101 29024792 362538 FULL NO OTHER SOLE
NETAPP, INC. COMMON STOCK USD 64110D104 20967013 638071 FULL NO OTHER SOLE
NEWMONT MINING CORPORATION COMMON STOCK USD 651639106 5108112 91200 FULL NO OTHER SOLE
NICE-SYSTEMS LTD. ADR USD 653656108 975073 29352 FULL NO OTHER SOLE
NIKE, INC. COMMON STOCK USD 654106103 22464058 236688 FULL NO OTHER SOLE
NRG ENERGY, INC. COMMON STOCK USD 629377508 1648398 77100 FULL NO OTHER SOLE
NVIDIA CORPORATION COMMON STOCK USD 67066G104 1095126 82155 FULL NO OTHER SOLE
OCCIDENTAL PETROLEUM CORPORA COMMON STOCK USD 674599105 47023912 546599 FULL NO OTHER SOLE
ORACLE CORPORATION COMMON STOCK USD 68389X105 66190047 2103943 FULL NO OTHER SOLE
OWENS CORNING COMMON STOCK USD 690742101 3204510 95800 FULL NO OTHER SOLE
PEPSICO, INC. COMMON STOCK USD 713448108 8524170 120500 FULL NO OTHER SOLE
PFIZER INC. COMMON STOCK USD 717081103 87360417 3516925 FULL NO OTHER SOLE
PHILIP MORRIS INTERNATIONAL COMMON STOCK USD 718172109 80290313 892809 FULL NO OTHER SOLE
PHILLIPS 66 COMMON STOCK USD 718546104 4339247 93700 FULL NO OTHER SOLE
PORTLAND GENERAL ELECTRIC CO COMMON STOCK USD 736508847 2395744 88600 FULL NO OTHER SOLE
PRICELINE.COM INCORPORATED COMMON STOCK USD 741503403 2057863 3326 FULL NO OTHER SOLE
PRUDENTIAL FINANCIAL, INC. COMMON STOCK USD 744320102 3335400 61200 FULL NO OTHER SOLE
PULTEGROUP, INC. COMMON STOCK USD 745867101 3234850 208700 FULL NO OTHER SOLE
QLIK TECHNOLOGIES INC. COMMON STOCK USD 74733T105 1471344 65685 FULL NO OTHER SOLE
QUALCOMM INCORPORATED COMMON STOCK USD 747525103 33886494 542618 FULL NO OTHER SOLE
RANGE RESOURCES CORP USD0.01 COMMON STOCK USD 75281A109 3023639 43300 FULL NO OTHER SOLE
RAYTHEON COMPANY COMMON STOCK USD 755111507 4767978 83400 FULL NO OTHER SOLE
REGIONS FINANCING TRUST II COMMON STOCK USD 7591EP100 2725729 379100 FULL NO OTHER SOLE
REYNOLDS AMERICAN INC. COMMON STOCK USD 761713106 45528815 1051231 FULL NO OTHER SOLE
RIVERBED TECHNOLOGY, INC. COMMON STOCK USD 768573107 3438456 147700 FULL NO OTHER SOLE
SAFEWAY INC. COMMON STOCK USD 786514208 2784931 173300 FULL NO OTHER SOLE
SCHLUMBERGER LIMITED COMMON STOCK USD 806857108 33346582 461289 FULL NO OTHER SOLE
SPDR S&P 500 ETF TRUST ETP USD 78462F103 3300806 22900 FULL NO OTHER SOLE
SPRINT NEXTEL CORPORATION COMMON STOCK USD 852061100 4716840 854500 FULL NO OTHER SOLE
STANLEY BLACK & DECKER, INC. COMMON STOCK USD 854502101 18333890 240476 FULL NO OTHER SOLE
STARBUCKS CORPORATION COMMON STOCK USD 855244109 6926986 136600 FULL NO OTHER SOLE
STATE STREET CORPORATION COMMON STOCK USD 857477103 3757824 89600 FULL NO OTHER SOLE
STILLWATER MINING COMPANY COMMON STOCK USD 86074Q102 4832762 410600 FULL NO OTHER SOLE
SUNTRUST BANKS, INC. COMMON STOCK USD 867914103 6413304 227100 FULL NO OTHER SOLE
TAIWAN SEMICONDUCTOR MANUFAC ADR USD 874039100 11409052 721179 FULL NO OTHER SOLE
TARGET CORPORATION COMMON STOCK USD 87612E106 27153328 427881 FULL NO OTHER SOLE
TERADATA CORPORATION COMMON STOCK USD 88076W103 1764594 23400 FULL NO OTHER SOLE
TEXAS INSTRUMENTS INCORPORAT COMMON STOCK USD 882508104 19187611 696465 FULL NO OTHER SOLE
THE ALLSTATE CORPORATION COMMON STOCK USD 020002101 4656960 117600 FULL NO OTHER SOLE
THE CHEESECAKE FACTORY INCOR COMMON STOCK USD 163072101 2563275 71700 FULL NO OTHER SOLE
THE COCA-COLA COMPANY COMMON STOCK USD 191216100 13313146 350900 FULL NO OTHER SOLE
THE ESTEE LAUDER COMPANIES I COMMON STOCK USD 518439104 31980112 519495 FULL NO OTHER SOLE
THE GOLDMAN SACHS GROUP, INC COMMON STOCK USD 38141G104 7082264 62300 FULL NO OTHER SOLE
THE HOME DEPOT, INC. COMMON STOCK USD 437076102 11034998 182850 FULL NO OTHER SOLE
THE J. M. SMUCKER COMPANY COMMON STOCK USD 832696405 3115430 36100 FULL NO OTHER SOLE
THE PNC FINANCIAL SERVICES G COMMON STOCK USD 693475105 36377252 576593 FULL NO OTHER SOLE
THE PROCTER & GAMBLE COMPANY COMMON STOCK USD 742718109 11314656 163200 FULL NO OTHER SOLE
THE SELECT SECTOR SPDR TRUST ETP USD 81369Y803 281578 9293 FULL NO OTHER SOLE
THE SOUTHERN COMPANY COMMON STOCK USD 842587107 4957132 107600 FULL NO OTHER SOLE
THE TJX COMPANIES, INC. COMMON STOCK USD 872540109 5465600 122000 FULL NO OTHER SOLE
THE WALT DISNEY COMPANY COMMON STOCK USD 254687106 10193975 195100 FULL NO OTHER SOLE
TIBCO SOFTWARE INC. COMMON STOCK USD 88632Q103 1472685 48716 FULL NO OTHER SOLE
TIFFANY & CO. COMMON STOCK USD 886547108 21161687 342090 FULL NO OTHER SOLE
TIME WARNER CABLE INC. COMMON STOCK USD 88732J207 5190276 54600 FULL NO OTHER SOLE
TIME WARNER INC. COMMON STOCK USD 887317303 40166505 886091 FULL NO OTHER SOLE
TOLL BROTHERS, INC. COMMON STOCK USD 889478103 2916716 87800 FULL NO OTHER SOLE
TUPPERWARE BRANDS CORPORATIO COMMON STOCK USD 899896104 15676082 292628 FULL NO OTHER SOLE
U.S. BANCORP COMMON STOCK USD 902973304 5889304 171800 FULL NO OTHER SOLE
ULTRA PETROLEUM CORPORATION COMMON STOCK USD 903914109 2249728 102400 FULL NO OTHER SOLE
UNION PACIFIC CORPORATION COMMON STOCK USD 907818108 37971081 319999 FULL NO OTHER SOLE
UNITED PARCEL SERVICE, INC. COMMON STOCK USD 911312106 25227476 352536 FULL NO OTHER SOLE
UNITED TECHNOLOGIES CORPORAT COMMON STOCK USD 913017109 51841355 662594 FULL NO OTHER SOLE
UNITEDHEALTH GROUP INCORPORA COMMON STOCK USD 91324P102 35722063 644919 FULL NO OTHER SOLE
UNIVERSAL DISPLAY CORPORATIO COMMON STOCK USD 91347P105 845502 24600 FULL NO OTHER SOLE
VERIFONE SYSTEMS, INC. COMMON STOCK USD 92342Y109 15333829 550982 FULL NO OTHER SOLE
VERISIGN, INC. COMMON STOCK USD 92343E102 3028518 62200 FULL NO OTHER SOLE
VERIZON COMMUNICATIONS INC. COMMON STOCK USD 92343V104 10731421 235700 FULL NO OTHER SOLE
VISA INC. COMMON STOCK USD 92826C839 38113192 283876 FULL NO OTHER SOLE
VMWARE, INC. COMMON STOCK USD 928563402 2158648 22307 FULL NO OTHER SOLE
WAL-MART STORES, INC. COMMON STOCK USD 931142103 12994419 176100 FULL NO OTHER SOLE
WALGREEN CO. COMMON STOCK USD 931422109 6775901 186100 FULL NO OTHER SOLE
WELLS FARGO & COMPANY COMMON STOCK USD 949746101 75354517 2181028 FULL NO OTHER SOLE
WHIRLPOOL CORPORATION COMMON STOCK USD 963320106 3706077 44700 FULL NO OTHER SOLE
XILINX, INC. COMMON STOCK USD 983919101 16573948 496226 FULL NO OTHER SOLE
YUM! BRANDS, INC. COMMON STOCK USD 988498101 2493632 37600 FULL NO OTHER SOLE