Eaton Vance Small-Cap Portfolio

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

0000950135-09-004370.txt : 20090529 0000950135-09-004370.hdr.sgml : 20090529 20090529122348 ACCESSION NUMBER: 0000950135-09-004370 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090529 DATE AS OF CHANGE: 20090529 EFFECTIVENESS DATE: 20090529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMALL-CAP PORTFOLIO CENTRAL INDEX KEY: 0001105226 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09915 FILM NUMBER: 09860093 BUSINESS ADDRESS: STREET 1: EATON VANCE BUILDING STREET 2: 255 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 800-225-6265 MAIL ADDRESS: STREET 1: EATON VANCE BUILDING STREET 2: 255 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: SMALL-CAP GROWTH PORTFOLIO DATE OF NAME CHANGE: 20020502 FORMER COMPANY: FORMER CONFORMED NAME: SMALL CO GROWTH PORTFOLIO DATE OF NAME CHANGE: 20000426 FORMER COMPANY: FORMER CONFORMED NAME: EMERGING GROWTH PORTFOLIO /MA DATE OF NAME CHANGE: 20000203

0001105226 S000005244 SMALL-CAP PORTFOLIO

C000014296 SMALL-CAP PORTFOLIO

N-Q 1 b75589a1nvq.htm EATON VANCE SMALL-CAP PORTFOLIO Eaton Vance Small-Cap Portfolio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21121

Investment Company Act File Number

Small-Cap Portfolio

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

December 31

Date of Fiscal Year End

March 31, 2009

Date of Reporting Period

TABLE OF CONTENTS


	Item 1. Schedule of Investments
	Item 2. Controls and Procedures
Signatures
EX-99.CERT Section 302 Certifications

Item 1. Schedule of Investments


Small-Cap Portfolio	as of March 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 96.4%


Security	Shares		Value
Aerospace & Defense — 3.4%
Alliant Techsystems, Inc.⁽¹⁾		14,300	$	957,814
Axsys Technologies, Inc.⁽¹⁾		26,360		1,108,174

			$	2,065,988

Capital Markets — 3.6%
Affiliated Managers Group, Inc.⁽¹⁾		26,250	$	1,094,887
Lazard, Ltd., Class A		36,510		1,073,394

			$	2,168,281

Chemicals — 2.7%
Calgon Carbon Corp.⁽¹⁾		47,950	$	679,451
Terra Industries, Inc.		34,750		976,127

			$	1,655,578

Commercial Banks — 2.0%
Cullen/Frost Bankers, Inc.		23,140	$	1,086,192
Iberiabank Corp.		3,310		152,061

			$	1,238,253

Computers & Peripherals — 1.3%
Stratasys, Inc.⁽¹⁾		98,595	$	815,381

			$	815,381

Construction & Engineering — 4.5%
Foster Wheeler AG⁽¹⁾		48,250	$	842,927
Granite Construction, Inc.		27,360		1,025,453
Perini Corp.⁽¹⁾		68,840		846,732

			$	2,715,112

Distributors — 2.2%
LKQ Corp.⁽¹⁾		91,550	$	1,306,419

			$	1,306,419

Electrical Equipment — 0.6%
Energy Conversion Devices, Inc.⁽¹⁾		28,930	$	383,901

			$	383,901

Electronic Equipment, Instruments & Components — 2.8%
FLIR Systems, Inc.⁽¹⁾		41,290	$	845,619
National Instruments Corp.		47,000		876,550

			$	1,722,169

Energy Equipment & Services — 3.0%
CARBO Ceramics, Inc.		27,640	$	786,082
NATCO Group, Inc., Class A⁽¹⁾		54,570		1,033,010

			$	1,819,092


Security	Shares		Value
Food Products — 3.2%
Corn Products International, Inc.		42,520	$	901,424
Ralcorp Holdings, Inc.⁽¹⁾		18,780		1,011,866

			$	1,913,290

Health Care Equipment & Supplies — 4.7%
IDEXX Laboratories, Inc.⁽¹⁾		27,610	$	954,754
ResMed, Inc.⁽¹⁾		14,830		524,092
West Pharmaceutical Services, Inc.		28,205		925,406
Wright Medical Group, Inc.⁽¹⁾		35,320		460,220

			$	2,864,472

Health Care Providers & Services — 2.0%
VCA Antech, Inc.⁽¹⁾		53,170	$	1,198,984

			$	1,198,984

Hotels, Restaurants & Leisure — 2.5%
Jack in the Box, Inc.⁽¹⁾		26,920	$	626,967
Scientific Games Corp., Class A⁽¹⁾		71,410		864,775

			$	1,491,742

Household Products — 1.6%
Church & Dwight Co., Inc.		18,445	$	963,382

			$	963,382

Insurance — 6.0%
Fidelity National Financial, Inc., Class A		62,400	$	1,217,424
Hanover Insurance Group, Inc. (The)		18,320		527,982
HCC Insurance Holdings, Inc.		36,940		930,519
Markel Corp.⁽¹⁾		3,450		979,386

			$	3,655,311

IT Services — 3.8%
Euronet Worldwide, Inc.⁽¹⁾		108,445	$	1,416,292
SAIC, Inc.⁽¹⁾		48,710		909,416

			$	2,325,708

Life Sciences Tools & Services — 1.3%
Parexel International Corp.⁽¹⁾		81,510	$	793,092

			$	793,092

Machinery — 3.3%
Astec Industries, Inc.⁽¹⁾		40,330	$	1,057,856
Valmont Industries, Inc.		18,210		914,324

			$	1,972,180

Metals & Mining — 1.5%
IAMGOLD Corp.		104,520	$	893,646

			$	893,646


Security	Shares		Value
Multiline Retail — 3.0%
Big Lots, Inc.⁽¹⁾		36,780	$	764,288
Dollar Tree, Inc.⁽¹⁾		23,180		1,032,669

			$	1,796,957

Multi-Utilities — 1.6%
CMS Energy Corp.		83,490	$	988,522

			$	988,522

Oil, Gas & Consumable Fuels — 6.0%
Forest Oil Corp.⁽¹⁾		19,220	$	252,743
Goodrich Petroleum Corp.⁽¹⁾		38,100		737,616
Petrohawk Energy Corp.⁽¹⁾		63,030		1,212,067
Range Resources Corp.		13,160		541,666
Walter Industries, Inc.		37,830		865,172

			$	3,609,264

Personal Products — 3.5%
Chattem, Inc.⁽¹⁾		19,025	$	1,066,351
Mead Johnson Nutrition Co., Class A⁽¹⁾		36,834		1,063,398

			$	2,129,749

Pharmaceuticals — 1.7%
Perrigo Co.		41,990	$	1,042,612

			$	1,042,612

Professional Services — 3.3%
FTI Consulting, Inc.⁽¹⁾		22,640	$	1,120,227
Robert Half International, Inc.		50,950		908,439

			$	2,028,666

Road & Rail — 2.8%
Kansas City Southern⁽¹⁾		57,480	$	730,571
Landstar System, Inc.		29,270		979,667

			$	1,710,238

Semiconductors & Semiconductor Equipment — 9.6%
Atheros Communications, Inc.⁽¹⁾		66,660	$	977,236
Cypress Semiconductor Corp.⁽¹⁾		196,190		1,328,206
Intersil Corp., Class A		79,030		908,845
MEMC Electronic Materials, Inc.⁽¹⁾		53,380		880,236
ON Semiconductor Corp.⁽¹⁾		195,120		760,968
Varian Semiconductor Equipment Associates, Inc.⁽¹⁾		45,210		979,249

			$	5,834,740

Software — 3.9%
Sybase, Inc.⁽¹⁾		40,429	$	1,224,594
Synopsys, Inc.⁽¹⁾		55,510		1,150,722

			$	2,375,316


Security	Shares		Value
Specialty Retail — 3.4%
Advance Auto Parts, Inc.		34,360	$	1,411,509
Hibbett Sports, Inc.⁽¹⁾		16,110		309,634
Jo-Ann Stores, Inc.⁽¹⁾		19,060		311,440

			$	2,032,583

Trading Companies & Distributors — 1.6%
GATX Corp.		47,090	$	952,631

			$	952,631


Total Common Stocks (identified cost $67,537,465)			$	58,463,259

Short-Term Investments — 3.8%


	Interest
Description	(000’s omitted)		Value
Cash Management Portfolio, 0.07%⁽²⁾	$	2,303	$	2,302,864


Total Short-Term Investments (identified cost $2,302,864)			$	2,302,864


Total Investments — 100.2% (identified cost $69,840,329)			$	60,766,123


Other Assets, Less Liabilities — (0.2)%			$	(149,392	)


Net Assets — 100.0%			$	60,616,731

The Portfolio did not have any open financial instruments at March 31, 2009.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at March 31, 2009, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	70,033,915

Gross unrealized appreciation	$	3,461,664
Gross unrealized depreciation		(12,729,456	)

Net unrealized depreciation	$	(9,267,792	)

Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.


	•	Level 1 — quoted prices in active markets for identical investments

	•	Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

	•	Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At March 31, 2009, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	60,766,123
Level 2	Other Significant Observable Inputs		—
Level 3	Significant Unobservable Inputs		—

Total		$	60,766,123

The Portfolio held no investments or other financial instruments as of December 31, 2008 whose fair value was determined using Level 3 inputs.

For information on the Portfolio’s policy regarding valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Small-Cap Portfolio


By:		/s/ Duncan W. Richardson

		Duncan W. Richardson
		President

Date:		May 21, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Duncan W. Richardson

		Duncan W. Richardson
		President

Date:		May 21, 2009


By:		/s/ Barbara E. Campbell

		Barbara E. Campbell
		Treasurer

Date:		May 21, 2009

EX-99.CERT 2 b75589a1exv99wcert.htm EX-99.CERT SECTION 302 CERTIFICATIONS EX-99.CERT Section 302 Certifications

Small-Cap Portfolio

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Duncan W. Richardson, certify that:

1. I have reviewed this report on Form N-Q of Small-Cap Portfolio;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is being filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


By:		/s/ Duncan W. Richardson

		Duncan W. Richardson
		President

Date:		May 21, 2009

Small-Cap Portfolio

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Barbara E. Campbell, certify that:

1. I have reviewed this report on Form N-Q of Small-Cap Portfolio;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


By:		/s/ Barbara E. Campbell

		Barbara E. Campbell
		Treasurer

Date:		May 21, 2009

Non-income producing security.

Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2009. Net income allocated from the investment in Cash Management Portfolio for the fiscal year to date ended March 31, 2009 was $2,020.