13F-HR 1 jun12.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: June 30, 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 August 14, 2012 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: 179 Form 13F Information Table Value Total: $ 7,447,081 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Ametek Inc. AME COM 031100100 125,999 2,524,531 SH Sole 2,524,531 Ametek Inc. AME COM 031100100 44,297 887,533 SH Defined 01 887,533 Amphenol Corporation CL A 032095101 84,982 1,547,369 SH Sole 1,547,369 Amphenol Corporation CL A 032095101 35,824 652,291 SH Defined 01 652,291 Autozone Inc AZO COM 053332102 3,299 8,985 SH Sole 8,985 Autozone Inc AZO COM 053332102 1,351 3,680 SH Defined 01 3,680 Banco Santander SA - SPON ADR ADR 05964H105 2,466 375,840 SH Sole 375,840 Blackstone Group The COM UNIT LTD 09253U108 31,643 2,421,047 SH Sole 2,421,047 Blackstone Group The COM UNIT LTD 09253U108 10,351 792,000 SH CALL Sole 640,000 152,000 Blackstone Group The COM UNIT LTD 09253U108 11,815 904,000 SH CALL Sole 904,000 Blackstone Group The COM UNIT LTD 09253U108 19,991 1,529,500 SH CALL Sole 1,529,500 Blackstone Group The COM UNIT LTD 09253U108 7,064 540,500 SH CALL Defined 01 540,500 Blackstone Group The COM UNIT LTD 09253U108 10,848 830,000 SH CALL Defined 01 830,000 Blackstone Group The COM UNIT LTD 09253U108 18,592 1,422,500 SH CALL Defined 01 1,422,500 Blount International BLT COM 095180105 46,535 3,176,452 SH Sole 3,176,452 Blount International BLT COM 095180105 16,678 1,138,427 SH Defined 01 1,138,427 Brookfield Asset Management CL A LTD VT SH 112585104 156,407 4,725,299 SH Sole 4,725,299 Brookfield Asset Management CL A LTD VT SH 112585104 54,522 1,647,193 SH Defined 01 1,647,193 Bruker Corporation BRKR COM 116794108 7,583 569,722 SH Sole 466,609 103,113 Bruker Corporation BRKR COM 116794108 4,859 365,034 SH Defined 01 365,034 C.H. Robinson Worldwide Inc COM NEW 12541W209 33,767 576,917 SH Sole 576,917 C.H. Robinson Worldwide Inc COM NEW 12541W209 9,640 164,696 SH Defined 01 164,696 CBRE Group Inc CBG CL A 12504L109 202,663 12,387,717 SH Sole 11,283,165 1,104,552 CBRE Group Inc CBG CL A 12504L109 102,891 6,289,201 SH Defined 01 6,289,201 CME Group Inc CME COM 12572Q105 24,830 92,611 SH Sole 81,298 11,313 CME Group Inc CME COM 12572Q105 14,719 54,899 SH Defined 01 54,899 Central European Media Ent-A CL A NEW G20045202 6,227 1,228,230 SH Sole 1,228,230 Central European Media Ent-A CL A NEW G20045202 4,953 976,905 SH Defined 01 976,905 Danaher Corporation DHR COM 235851102 42,666 819,248 SH Sole 697,570 121,678 Danaher Corporation DHR COM 235851102 29,472 565,890 SH Defined 01 565,890 Dentsply International Inc X COM 249030107 117,605 3,110,421 SH Sole 3,110,421 Dentsply International Inc X COM 249030107 43,387 1,147,505 SH Defined 01 1,147,505 Doral Financial Corp DRL COM NEW 25811P886 1,195 796,770 SH Sole 796,770 Doral Financial Corp DRL COM NEW 25811P886 1,088 725,061 SH Defined 01 725,061 First Republic Bank FRC COM 33616C100 77,301 2,300,619 SH Sole 2,300,619 First Republic Bank FRC COM 33616C100 35,646 1,060,894 SH Defined 01 1,060,894 Firstservice Corporation-VTG SUB VTG SH 33761N109 18,588 664,564 SH Sole 664,564 Firstservice Corporation-VTG SUB VTG SH 33761N109 14,255 509,669 SH Defined 01 509,669 Franklin Electric Co Inc FELE COM 353514102 12,477 244,025 SH Sole 244,025 Franklin Electric Co Inc FELE COM 353514102 11,081 216,720 SH Defined 01 216,720 Garmin Ltd GRMN SHS h2906t109 107,992 2,820,376 SH Sole 2,820,376 Garmin Ltd GRMN SHS h2906t109 42,175 1,101,462 SH Defined 01 1,101,462 Georgia Gulf Corp GGC COM PAR$0.01 NEW 373200302 8,448 329,089 SH Sole 273,039 56,050 Georgia Gulf Corp GGC COM PAR$0.01 NEW 373200302 5,653 220,199 SH Defined 01 220,199 Google Inc GOOG CL A 38259P508 33,777 58,230 SH Sole 53,276 4,954 Google Inc GOOG CL A 38259P508 30,672 52,877 SH Defined 01 52,877 Graco Inc GGG COM 384109104 14,502 314,703 SH Sole 314,703 Graco Inc GGG COM 384109104 5,147 111,705 SH Defined 01 111,705 HJ Heinz Co HNZ COM 423074103 72,315 1,329,800 SH CALL Sole 1,329,800 HJ Heinz Co HNZ COM 423074103 65,865 1,211,200 SH CALL Defined 01 1,211,200 Harry Winston Diamond Corp H COM 41587B100 24,928 2,194,339 SH Sole 2,194,339 Harry Winston Diamond Corp H COM 41587B100 14,156 1,246,154 SH Defined 01 1,246,154 Heico Corp HEI COM 422806109 35,927 909,090 SH Sole 909,090 Heico Corp HEI COM 422806109 19,604 496,055 SH Defined 01 496,055 Henry Schein HSIC COM 806407102 104,969 1,337,358 SH Sole 1,114,587 222,771 Henry Schein HSIC COM 806407102 71,184 906,914 SH Defined 01 906,914 I Shares Russell 2000 IWM RUSSELL 2000 464287655 4,517 56,780 SH Sole 56,780 IDEXX Laboratories Inc. IDX COM 45168D104 82,017 853,185 SH Sole 853,185 IDEXX Laboratories Inc. IDX COM 45168D104 30,459 316,856 SH Defined 01 316,856 IHS Inc Class A IHS CL A 451734107 111,022 1,030,554 SH Sole 1,030,554 IHS Inc Class A IHS CL A 451734107 36,096 335,056 SH Defined 01 335,056 ITT Educational Services ESI COM 45068B109 124,408 2,047,874 SH Sole 1,701,111 346,763 ITT Educational Services ESI COM 45068B109 83,383 1,372,554 SH Defined 01 1,372,554 ITT Educational Services ESI COM 45068B109 8,414 138,500 SH CALL Sole 126,500 12,000 ITT Educational Services ESI COM 45068B109 9,599 158,000 SH CALL Sole 144,000 14,000 ITT Educational Services ESI COM 45068B109 6,470 106,500 SH CALL Sole 97,000 9,500 ITT Educational Services ESI COM 45068B109 7,624 125,500 SH CALL Defined 01 125,500 ITT Educational Services ESI COM 45068B109 8,627 142,000 SH CALL Defined 01 142,000 ITT Educational Services ESI COM 45068B109 5,680 93,500 SH CALL Defined 01 93,500 Iberiabank Corp IBKC COM 450828108 10,698 212,055 SH Sole 212,055 Iberiabank Corp IBKC COM 450828108 9,530 188,895 SH Defined 01 188,895 Intl Speedway Corp CL A ISCA CL A 460335201 3,009 114,925 SH Sole 114,925 Intl Speedway Corp CL A ISCA CL A 460335201 2,675 102,160 SH Defined 01 102,160 Intuit Inc INTU COM 461202103 55,433 934,008 SH Sole 934,008 Intuit Inc INTU COM 461202103 42,659 718,773 SH Defined 01 718,773 Itt Corporation ITT COM NEW 450911201 54,890 3,118,739 SH Sole 3,118,739 Itt Corporation ITT COM NEW 450911201 21,502 1,221,719 SH Defined 01 1,221,719 K Swiss Inc CL A KSWS CL A 482686102 3,107 1,008,916 SH Sole 1,008,916 K Swiss Inc CL A KSWS CL A 482686102 2,911 944,973 SH Defined 01 944,973 KKR & Co Lp KKR COM UNITS 48248M102 16,281 1,263,100 SH CALL Sole 1,117,500 145,600 KKR & Co Lp KKR COM UNITS 48248M102 2,146 166,500 SH CALL Sole 166,500 KKR & Co Lp KKR COM UNITS 48248M102 12,329 956,500 SH CALL Defined 01 956,500 Kirby Corp KEX COM 497266106 150,141 3,189,057 SH Sole 3,189,057 Kirby Corp KEX COM 497266106 56,053 1,190,581 SH Defined 01 1,190,581 Laboratory Corp of Amer Hldgs COM NEW 50540R409 43,767 472,597 SH Sole 472,597 Laboratory Corp of Amer Hldgs COM NEW 50540R409 14,603 157,685 SH Defined 01 157,685 Lowe's Companies, Inc. LOW COM 548661107 21,512 756,390 SH Sole 723,905 32,485 Lowe's Companies, Inc. LOW COM 548661107 14,196 499,161 SH Defined 01 499,161 MGIC Investment Corp MTG COM 552848103 2,019 700,900 SH CALL Sole 700,900 MGIC Investment Corp MTG COM 552848103 3,773 1,310,000 SH CALL Sole 1,310,000 MGIC Investment Corp MTG COM 552848103 1,803 626,000 SH CALL Defined 01 626,000 MGIC Investment Corp MTG COM 552848103 3,413 1,185,000 SH CALL Defined 01 1,185,000 MRC Global Inc MRC COM 55345K103 67,247 3,160,114 SH Sole 2,612,349 547,765 MRC Global Inc MRC COM 55345K103 44,451 2,088,857 SH Defined 01 2,088,857 MSC Industrial Direct CO-A M CL A 553530106 4,528 69,080 SH Sole 69,080 MSC Industrial Direct CO-A M CL A 553530106 4,025 61,405 SH Defined 01 61,405 Markel Corp MKL COM 570535104 112,050 253,679 SH Sole 253,679 Markel Corp MKL COM 570535104 39,571 89,587 SH Defined 01 89,587 Materials Select Sector Spdr - SBI MATERIALS 81369y100 163,227 4,625,300 SH PUT Sole 4,625,300 Materials Select Sector Spdr - SBI MATERIALS 81369y100 142,067 4,025,700 SH PUT Defined 01 4,025,700 Mistras Group Inc MG COM 60649T107 4,759 181,095 SH Sole 181,095 Mistras Group Inc MG COM 60649T107 3,315 126,129 SH Defined 01 126,129 Nationstar Mortgage Holdings COM 63861C109 18,924 879,385 SH Sole 748,955 130,430 Nationstar Mortgage Holdings COM 63861C109 13,760 639,382 SH Defined 01 639,382 OReilly Automotive ORLY COM 67103H107 163,635 1,953,384 SH Sole 1,953,384 OReilly Automotive ORLY COM 67103H107 58,208 694,853 SH Defined 01 694,853 PPG Industries Inc PPG COM 693506107 28,122 265,006 SH Sole 216,971 48,035 PPG Industries Inc PPG COM 693506107 17,921 168,878 SH Defined 01 168,878 PPG Industries Inc PPG COM 693506107 7,004 66,000 SH CALL Sole 60,500 5,500 PPG Industries Inc PPG COM 693506107 6,155 58,000 SH CALL Defined 01 58,000 Patterson Cos Inc PDCO COM 703395103 96,121 2,788,534 SH Sole 2,788,534 Patterson Cos Inc PDCO COM 703395103 35,157 1,019,942 SH Defined 01 1,019,942 Paychex PAYX COM 704326107 64,560 2,055,407 SH Sole 2,055,407 Paychex PAYX COM 704326107 24,766 788,477 SH Defined 01 788,477 Perkinelmer Inc PKI COM 714046109 103,675 4,018,424 SH Sole 4,018,424 Perkinelmer Inc PKI COM 714046109 38,544 1,493,964 SH Defined 01 1,493,964 Perrigo Co. prgo COM 714290103 93,530 793,100 SH Sole 793,100 Perrigo Co. prgo COM 714290103 33,934 287,747 SH Defined 01 287,747 Rexnord Holdings, Inc. RXN COM 76169B102 22,109 1,103,243 SH Sole 935,598 167,645 Rexnord Holdings, Inc. RXN COM 76169B102 16,329 814,800 SH Defined 01 814,800 SPDR Metals & Mining ETF XME S&P METALS MNG 78464A755 31,019 748,700 SH PUT Sole 748,700 SPDR Metals & Mining ETF XME S&P METALS MNG 78464A755 27,149 655,300 SH PUT Defined 01 655,300 SPDR S&P Oil & Gas Exp & Pr ET S&P OILGAS EXP 78464A730 127,200 2,523,800 SH PUT Sole 2,523,800 SPDR S&P Oil & Gas Exp & Pr ET S&P OILGAS EXP 78464A730 110,789 2,198,200 SH PUT Defined 01 2,198,200 SPDR S&P Retail ETF XRT S&P RETAIL ETF 78464A714 99,153 1,678,000 SH PUT Sole 1,678,000 SPDR S&P Retail ETF XRT S&P RETAIL ETF 78464A714 86,508 1,464,000 SH PUT Defined 01 1,464,000 Scripps Networks Interactive I CL A COM 811065101 70,180 1,234,265 SH Sole 1,234,265 Scripps Networks Interactive I CL A COM 811065101 33,811 594,630 SH Defined 01 594,630 Select Sector Spdr Tr SBI Int- SBI INT-INDS 81369Y704 71,090 1,993,000 SH PUT Sole 1,993,000 Select Sector Spdr Tr SBI Int- SBI INT-INDS 81369Y704 189,493 5,312,400 SH PUT Sole 5,312,400 Select Sector Spdr Tr SBI Int- SBI INT-INDS 81369Y704 62,690 1,757,500 SH PUT Defined 01 1,757,500 Select Sector Spdr Tr SBI Int- SBI INT-INDS 81369Y704 165,227 4,632,100 SH PUT Defined 01 4,632,100 Sherwin Williams Co SHW COM 824348106 136,058 1,028,020 SH Sole 1,028,020 Sherwin Williams Co SHW COM 824348106 48,383 365,570 SH Defined 01 365,570 Sigma-Aldrich Corporation SI COM 826552101 153,375 2,074,597 SH Sole 2,074,597 Sigma-Aldrich Corporation SI COM 826552101 51,848 701,308 SH Defined 01 701,308 Signet Jewlers Ltd SIG SHS G81276100 149,840 3,404,673 SH Sole 3,404,673 Signet Jewlers Ltd SIG SHS G81276100 52,601 1,195,203 SH Defined 01 1,195,203 Snap-On Inc. SNA COM 833034101 37,075 595,588 SH Sole 503,746 91,842 Snap-On Inc. SNA COM 833034101 26,439 424,718 SH Defined 01 424,718 Staples Inc SPLS COM 855030102 13,520 1,036,000 SH CALL Sole 1,036,000 Staples Inc SPLS COM 855030102 12,398 950,000 SH CALL Defined 01 950,000 Steiner Leisure LTD STNR ORD P8744Y102 13,405 288,839 SH Sole 288,839 Steiner Leisure LTD STNR ORD P8744Y102 10,870 234,223 SH Defined 01 234,223 Symantec Corp SYMC COM 871503108 30,769 2,106,000 SH CALL Sole 2,106,000 Symantec Corp SYMC COM 871503108 14,442 988,500 SH CALL Sole 988,500 Symantec Corp SYMC COM 871503108 28,197 1,930,000 SH CALL Defined 01 1,930,000 Symantec Corp SYMC COM 871503108 13,025 891,500 SH CALL Defined 01 891,500 TJX Companies Inc TJX COM 872540109 1,458 33,960 SH Sole 33,960 TJX Companies Inc TJX COM 872540109 598 13,940 SH Defined 01 13,940 Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 27,705 485,364 SH Sole 485,364 Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 23,763 416,309 SH Defined 01 416,309 The Interpublic Group Of Compa COM 460690100 30,246 2,787,611 SH Sole 2,787,611 The Interpublic Group Of Compa COM 460690100 10,738 989,710 SH Defined 01 989,710 Thermo Fisher Scientic Inc. COM 883556102 16,823 324,089 SH Sole 324,089 Thermo Fisher Scientic Inc. COM 883556102 6,933 133,565 SH Defined 01 133,565 Tiffany and Co TIF COM 886547108 58,322 1,101,461 SH Sole 1,096,461 5,000 Tiffany and Co TIF COM 886547108 42,311 799,067 SH Defined 01 799,067 TransDigm Group Inc. TDG COM 893641100 126,044 938,528 SH Sole 938,528 TransDigm Group Inc. TDG COM 893641100 50,064 372,774 SH Defined 01 372,774 Tyco International Ltd TYC SHS H89128104 220 4,161 SH Sole 4,161 Tyco International Ltd TYC SHS H89128104 30,595 578,900 SH CALL Sole 527,100 51,800 Tyco International Ltd TYC SHS H89128104 27,540 521,100 SH CALL Defined 01 521,100 Verisk Analytics Inc - Class A CL A 92345Y106 7,048 143,082 SH Sole 143,082 Verisk Analytics Inc - Class A CL A 92345Y106 6,267 127,220 SH Defined 01 127,220 Wabtec Corp WAB COM 929740108 156,731 2,009,119 SH Sole 2,009,119 Wabtec Corp WAB COM 929740108 54,700 701,188 SH Defined 01 701,188 Wal Mart Stores Inc. WMT COM 931142103 7,119 102,115 SH Sole 102,115 Wal Mart Stores Inc. WMT COM 931142103 2,918 41,850 SH Defined 01 41,850 Waters Corp WAT COM 941848103 53,375 671,633 SH Sole 671,633 Waters Corp WAT COM 941848103 19,321 243,123 SH Defined 01 243,123 West Marine Inc COM 954235107 10,619 903,717 SH Sole 903,717 West Marine Inc COM 954235107 8,302 706,581 SH Defined 01 706,581 Williams Sonoma Inc WSM COM 969904101 72,359 2,069,180 SH Sole 2,069,180 Williams Sonoma Inc WSM COM 969904101 34,672 991,475 SH Defined 01 991,475 Wolverine World Wide, Inc. WWW COM 978097103 10,683 275,485 SH Sole 275,485 Wolverine World Wide, Inc. WWW COM 978097103 8,554 220,585 SH Defined 01 220,585 Woodward Inc. WWD COM 980745103 12,655 320,867 SH Sole 320,867 Woodward Inc. WWD COM 980745103 10,514 266,570 SH Defined 01 266,570