13F-HR 1 december07.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, 2007 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: George S. Loening Title: President Phone: 212-475-8335 Signature, place and date of signing: New York, New York February 14, 2008 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: 150 Form 13F Information Table Value Total: $ 6,614,879 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Agco Corp AG COM 001084102 13734 202026 SH Sole 202026 Agco Corp AG COM 001084102 11171 164324 SH Defined 01 164324 Align Technology Inc ALGN COM 016255101 19561 1172745 SH Sole 1172745 Align Technology Inc ALGN COM 016255101 22594 1354556 SH Defined 01 1354556 American Express Co AXP COM 025816109 4677 89900 SH Sole 89900 American Express Co AXP COM 025816109 9196 176775 SH Defined 01 176775 Ametek Inc. AME COM 031100100 11641 248519 SH Sole 248519 Ametek Inc. AME COM 031100100 9522 203284 SH Defined 01 203284 Atwood Oceanics Inc ATW COM 050095108 15295 152588 SH Sole 152588 Atwood Oceanics Inc ATW COM 050095108 12474 124442 SH Defined 01 124442 Blackrock Inc COM STK BLK COM 09247X101 2085 9615 SH Sole 9615 Blackrock Inc COM STK BLK COM 09247X101 1680 7750 SH Defined 01 7750 Bright Horizons Family Solutio COM 109195107 24873 720108 SH Sole 713683 6425 Bright Horizons Family Solutio COM 109195107 1244 36020 SH Defined 01 36020 Brookfield Asset Management BA CL A LTD VT SH 112585104 94199 2640836 SH Sole 2640836 Brookfield Asset Management BA CL A LTD VT SH 112585104 86691 2430367 SH Defined 01 2430367 Brookfield Properties Corp B COM 112900105 3511 182400 SH Sole 182400 Brookfield Properties Corp B COM 112900105 2868 149000 SH Defined 01 149000 Brown and Brown Inc BRO COM 115236101 155338 6610124 SH Sole 6570089 40035 Brown and Brown Inc BRO COM 115236101 38294 1629514 SH Defined 01 1629514 C.H. Robinson Worldwide Inc COM NEW 12541W209 149139 2755704 SH Sole 2738519 17185 C.H. Robinson Worldwide Inc COM NEW 12541W209 36298 670703 SH Defined 01 670703 CB Richard Ellis Group Inc A CL A 12497t101 261139 12117804 SH Sole 12053439 64365 CB Richard Ellis Group Inc A CL A 12497t101 89481 4152261 SH Defined 01 4152261 Cemex Sab - Spons ADR Part Cer SPON ADR NEW 151290889 10092 390400 SH Sole 390400 Cemex Sab - Spons ADR Part Cer SPON ADR NEW 151290889 8238 318700 SH Defined 01 318700 Central European Media Ent-A CL A NEW G20045202 6800 58630 SH Sole 58630 Central European Media Ent-A CL A NEW G20045202 5526 47650 SH Defined 01 47650 Cooper Industries LTD - CL A CL A G24182100 267138 5051779 SH Sole 5021614 30165 Cooper Industries LTD - CL A CL A G24182100 67414 1274842 SH Defined 01 1274842 Curtiss-Wright Corporation C COM 231561101 2022 40285 SH Sole 40285 Curtiss-Wright Corporation C COM 231561101 1652 32915 SH Defined 01 32915 DSW Inc - Class A DSW CL A 23334L102 1393 74279 SH Sole 74279 DSW Inc - Class A DSW CL A 23334L102 1135 60513 SH Defined 01 60513 Electronic Arts Inc ERTS COM 285512109 9040 154775 SH Sole 154775 Electronic Arts Inc ERTS COM 285512109 17805 304825 SH Defined 01 304825 Fastenal Co FAST COM 311900104 74131 1834016 SH Sole 1821501 12515 Fastenal Co FAST COM 311900104 12954 320480 SH Defined 01 320480 Federated Investors Inc CL B CL B 314211103 4585 111400 SH PUT Sole 111400 Federated Investors Inc CL B CL B 314211103 5705 138600 SH PUT Defined 01 138600 Financial Select Sector Spdr SBI INT-FINL 81369Y605 72108 2492500 SH PUT Sole 2492500 Financial Select Sector Spdr SBI INT-FINL 81369Y605 161270 5574500 SH PUT Sole 5574500 Financial Select Sector Spdr SBI INT-FINL 81369Y605 107171 3704500 SH PUT Sole 3704500 Financial Select Sector Spdr SBI INT-FINL 81369Y605 90947 3143700 SH PUT Defined 01 3143700 Financial Select Sector Spdr SBI INT-FINL 81369Y605 203384 7030200 SH PUT Defined 01 7030200 Financial Select Sector Spdr SBI INT-FINL 81369Y605 135161 4672000 SH PUT Defined 01 4672000 Franklin Electric Co Inc FELE COM 353514102 112090 2928924 SH Sole 2912019 16905 Franklin Electric Co Inc FELE COM 353514102 28726 750605 SH Defined 01 750605 GMarket Inc - ADR GMKT SPON ADR 38012G100 6790 272687 SH Sole 272687 GMarket Inc - ADR GMKT SPON ADR 38012G100 7699 309177 SH Defined 01 309177 Graco Inc GGG COM 384109104 56492 1516157 SH Sole 1506222 9935 Graco Inc GGG COM 384109104 11359 304864 SH Defined 01 304864 HCC Insurance Holdings HCC COM 404132102 13004 453407 SH Sole 453407 HCC Insurance Holdings HCC COM 404132102 15274 532555 SH Defined 01 532555 Henry Schein HSIC COM 806407102 11707 190672 SH Sole 190672 Henry Schein HSIC COM 806407102 13751 223952 SH Defined 01 223952 IDEXX Laboratories Inc. COM 45168D104 123474 2105980 SH Sole 2091200 14780 IDEXX Laboratories Inc. COM 45168D104 26905 458900 SH Defined 01 458900 Icon PLC - Sponsered ADR ICL SPONSORED ADR 45103T107 10099 163252 SH Sole 163252 Icon PLC - Sponsered ADR ICL SPONSORED ADR 45103T107 8092 130808 SH Defined 01 130808 Idex Corp. IEX COM 45167R104 143962 3984550 SH Sole 3956985 27565 Idex Corp. IEX COM 45167R104 25300 700252 SH Defined 01 700252 Interface Inc CL A IFSIA CL A 458665106 7266 445240 SH Sole 445240 Interface Inc CL A IFSIA CL A 458665106 5787 354590 SH Defined 01 354590 International Game Technology COM 459902102 6573 149630 SH Sole 149630 International Game Technology COM 459902102 5359 121995 SH Defined 01 121995 Jones Lang Lasalle Inc JLL COM 48020Q107 46568 654416 SH Sole 654416 Jones Lang Lasalle Inc JLL COM 48020Q107 53766 755562 SH Defined 01 755562 K Swiss Inc CL A KSWS CL A 482686102 2532 139900 SH Sole 139900 K Swiss Inc CL A KSWS CL A 482686102 2085 115200 SH Defined 01 115200 KBW Inc. KBW COM 482423100 46287 1808786 SH Sole 1800881 7905 KBW Inc. KBW COM 482423100 10450 408374 SH Defined 01 408374 Kennametal Inc. KMT COM 489170100 28410 750396 SH Sole 750396 Kennametal Inc. KMT COM 489170100 25700 678810 SH Defined 01 678810 Kirby Corp KEX COM 497266106 205130 4413299 SH Sole 4389799 23500 Kirby Corp KEX COM 497266106 63161 1358893 SH Defined 01 1358893 Laboratory Corp of Amer Hldgs COM NEW 50540r409 69045 914137 SH Sole 909032 5105 Laboratory Corp of Amer Hldgs COM NEW 50540r409 23495 311073 SH Defined 01 311073 Legg Mason Inc LM COM 524901105 39309 537370 SH Sole 534000 3370 Legg Mason Inc LM COM 524901105 11174 152750 SH Defined 01 152750 MGIC Investment Corp MTG COM 552848103 3923 174900 SH PUT Sole 174900 MGIC Investment Corp MTG COM 552848103 4874 217300 SH PUT Defined 01 217300 Martin Marietta Materials ML COM 573284106 233065 1757652 SH Sole 1747082 10570 Martin Marietta Materials ML COM 573284106 57838 436186 SH Defined 01 436186 Meredith Corp. mdp COM 589433101 134596 2448082 SH Sole 2433142 14940 Meredith Corp. mdp COM 589433101 31412 571343 SH Defined 01 571343 Mettler Toledo International COM 592688105 289 2540 SH Sole 2540 Micros Systems MCRS COM 594901100 4827 68800 SH Sole 68800 Micros Systems MCRS COM 594901100 3985 56800 SH Defined 01 56800 Microsoft Corp MSFT COM 594918104 27022 759055 SH Sole 759055 Microsoft Corp MSFT COM 594918104 39199 1101105 SH Defined 01 1101105 Microsoft Corp MSFT COM 594918104 32759 920200 SH CALL Sole 920200 Microsoft Corp MSFT COM 594918104 44116 1239200 SH CALL Sole 1239200 Microsoft Corp MSFT COM 594918104 38380 1078100 SH CALL Defined 01 1078100 Microsoft Corp MSFT COM 594918104 51720 1452800 SH CALL Defined 01 1452800 Millipore Corporation COM 601073109 275473 3764316 SH Sole 3746751 17565 Millipore Corporation COM 601073109 80771 1103731 SH Defined 01 1103731 Mohawk Industries Inc MHK COM 608190104 295668 3974036 SH Sole 3949569 24467 Mohawk Industries Inc MHK COM 608190104 77007 1035044 SH Defined 01 1035044 Moodys Investors Service MC COM 615369105 1169 32735 SH Sole 32735 Moodys Investors Service MC COM 615369105 2298 64370 SH Defined 01 64370 Morgans Hotel Group MHGC COM 61748W108 5337 276798 SH Sole 276798 Morgans Hotel Group MHGC COM 61748W108 5348 277388 SH Defined 01 277388 Nastech Pharmaceutical Company COM PAR $0.006 631728409 585 153841 SH Sole 153841 Nastech Pharmaceutical Company COM PAR $0.006 631728409 665 175084 SH Defined 01 175084 OReilly Automotive ORLY COM 686091109 162800 5020034 SH Sole 4985354 34680 OReilly Automotive ORLY COM 686091109 35982 1109532 SH Defined 01 1109532 Omnicom Group Inc. omc COM 681919106 28055 590251 SH Sole 590251 Omnicom Group Inc. omc COM 681919106 33515 705136 SH Defined 01 705136 Onebeacon Insurance Group LT CL A G67742109 10879 505980 SH Sole 505980 Onebeacon Insurance Group LT CL A G67742109 8874 412729 SH Defined 01 412729 PSS World Medical Inc PSSI COM 69366a100 262 13363 SH Sole 13363 Patterson Cos Inc PDCO COM 703395103 72584 2137971 SH Sole 2125206 12765 Patterson Cos Inc PDCO COM 703395103 10295 303229 SH Defined 01 303229 Polo Ralph Lauren RL CL A 731572103 244438 3955945 SH Sole 3934565 21380 Polo Ralph Lauren RL CL A 731572103 74317 1202740 SH Defined 01 1202740 Pool Corporation POOL COM 73278L105 6838 344833 SH Sole 344833 Pool Corporation POOL COM 73278L105 5598 282303 SH Defined 01 282303 Roper Industries ROP COM 776696106 57339 916839 SH Sole 908834 8005 Roper Industries ROP COM 776696106 8553 136755 SH Defined 01 136755 SEI Investments Company SEI COM 784117103 9672 300662 SH Sole 300662 SEI Investments Company SEI COM 784117103 11361 353154 SH Defined 01 353154 Shuffle Master Inc. shfl COM 825549108 4852 404687 SH Sole 404687 Shuffle Master Inc. shfl COM 825549108 3940 328575 SH Defined 01 328575 Steiner Leisure LTD STNR ORD P8744Y102 11359 257222 SH Sole 257222 Steiner Leisure LTD STNR ORD P8744Y102 9282 210201 SH Defined 01 210201 Techne TECH COM 878377100 30695 464729 SH Sole 460999 3730 Techne TECH COM 878377100 1524 23070 SH Defined 01 23070 Texas Pacific Land Trust TP SUB CTF PROP I T 882610108 8192 183068 SH Sole 183068 Texas Pacific Land Trust TP SUB CTF PROP I T 882610108 6688 149442 SH Defined 01 149442 The Mcgraw-hill Companies Inc. COM 580645109 6338 144675 SH Sole 144675 The Mcgraw-hill Companies Inc. COM 580645109 12465 284535 SH Defined 01 284535 The St Joe Company JOE COM 790148100 17650 497030 SH Sole 497030 The St Joe Company JOE COM 790148100 14404 405625 SH Defined 01 405625 The Washington Post Co. wpo CL B 939640108 3322 4197 SH Sole 4197 The Washington Post Co. wpo CL B 939640108 2900 3664 SH Defined 01 3664 Thermo Fisher Scientic Inc. COM 883556102 184871 3205123 SH Sole 3185163 19960 Thermo Fisher Scientic Inc. COM 883556102 59062 1023966 SH Defined 01 1023966 Tiffany and Co TIF COM 886547108 65676 1426811 SH Sole 1416811 10000 Tiffany and Co TIF COM 886547108 10219 222001 SH Defined 01 222001 Umpqua Holdings Corp UMPQ COM 904214103 77093 5025591 SH Sole 4994021 31570 Umpqua Holdings Corp UMPQ COM 904214103 21293 1388076 SH Defined 01 1388076 VCA Antech Inc. WOOF COM 918194101 120783 2730789 SH Sole 2715134 15655 VCA Antech Inc. WOOF COM 918194101 32459 733858 SH Defined 01 733858 Wabtec Corp WAB COM 929740108 8026 233052 SH Sole 233052 Wabtec Corp WAB COM 929740108 2270 65907 SH Defined 01 65907 Weight Watchers Intl Inc WT COM 948626106 42026 930197 SH Sole 922612 7585 Weight Watchers Intl Inc WT COM 948626106 2101 46505 SH Defined 01 46505 Williams Sonoma Inc WSM COM 969904101 6874 265400 SH Sole 265400 Williams Sonoma Inc WSM COM 969904101 5633 217500 SH Defined 01 217500