-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ef1HrHGwUPq3F/q7VgHt40xI8LeYU9yW4AkNHgIrHBW9r3ptIL1m7rHBgjFXOnfF qjdoQoxoKg0zCqJQzRb9Iw== 0000950134-03-015345.txt : 20031114 0000950134-03-015345.hdr.sgml : 20031114 20031114104843 ACCESSION NUMBER: 0000950134-03-015345 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030930 FILED AS OF DATE: 20031114 EFFECTIVENESS DATE: 20031114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR ASSET MANAGEMENT INC CENTRAL INDEX KEY: 0001179454 IRS NUMBER: 411460668 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10228 FILM NUMBER: 031001062 BUSINESS ADDRESS: STREET 1: 70 S 7TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123767000 MAIL ADDRESS: STREET 1: 70 S 7TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402 13F-HR 1 c80525e13fvhr.txt FORM 13F - HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2003 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: Voyageur Asset Management Inc Address: 90 South Seventh Street, Suite 4300 Minneapolis, MN 55402 13F File Number: 28-06201 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: John G. Taft Title: President Phone: (612) 376-7040 Signature, Place and Date of Signing: /s/ John G. Taft Minneapolis, Minnesota Date: November 15, 2002 John G. Taft Report type: (Check only one.): [ X ] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 190 Form 13F Information Table Value Total: $2,667,727 (in thousands) List of Other Included Managers: None FORM 13F As/of September 30, 2003 Name of Reporting Manager: Voyageur Asset Management Inc.
------------------ ----------- Item 8: - ----------------------------------------------------------------------------------------------------- Item 7: Voting Authority Item 4: Item 5: (b) (c) (Shares) Item 1: Item 2: Item 3: Fair Market Shares of (a) Shared as shared Managers (a) (b) (c) Name of Issuer Title of CUSIP Value Principal Sole defined in Other See Instr. Sole Shared None Class Number (x$1000) Amt. Instr. V V - ------------------------------------------------------------------------------------------------------------------------------------ Abbott Labs -Common Stock 002824100 15,594.53 366,499 X 345199 - 21300 - ------------------------------------------------------------------------------------------------------------------------------------ Actel Corporation -Common Stock 004934105 1,071.32 44,694 X 44514 - 180 - ------------------------------------------------------------------------------------------------------------------------------------ Acxiom Corp -Common Stock 005125109 825.33 52,402 X 52192 - 210 - ------------------------------------------------------------------------------------------------------------------------------------ ADC Telecommunications -Common Stock 000886101 70.08 30,050 X 30050 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Advanced Neuromodulation Systems -Common Stock 00757T101 1,786.04 44,763 X 44583 - 180 - ------------------------------------------------------------------------------------------------------------------------------------ Aflac Inc -Common Stock 001055102 52,917.41 1,638,310 X 905450 - 732860 - ------------------------------------------------------------------------------------------------------------------------------------ Alcoa Inc -Common Stock 013817101 235.44 9,000 X 9000 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Allergan Inc -Common Stock 018490102 251.94 3,200 X 3200 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Altria Group Inc -Common Stock 02209S103 1,693.97 38,675 X 38175 - 500 - ------------------------------------------------------------------------------------------------------------------------------------ Ambac Financial Corp -Common Stock 023139108 64,187.97 1,002,937 X 556207 - 446730 - ------------------------------------------------------------------------------------------------------------------------------------ American Express -Common Stock 025816109 4,422.64 98,150 X 75350 - 22800 - ------------------------------------------------------------------------------------------------------------------------------------ American International Group -Common Stock 026874107 41,775.32 724,009 X 422465 - 301544 - ------------------------------------------------------------------------------------------------------------------------------------ American Management Systems -Common Stock 027352103 1,112.02 86,809 X 86459 - 350 - ------------------------------------------------------------------------------------------------------------------------------------ Amgen Inc -Common Stock 031162100 61,749.64 957,062 X 526152 - 430910 - ------------------------------------------------------------------------------------------------------------------------------------ Anheuser Busch -Common Stock 035229103 5,576.80 113,028 X 88428 - 24600 - ------------------------------------------------------------------------------------------------------------------------------------ Ansys Inc -Common Stock 03662Q105 2,496.97 70,258 X 69988 - 270 - ------------------------------------------------------------------------------------------------------------------------------------ Apogent Technologies Inc. -Common Stock 03760A101 4,747.17 227,573 X 191073 - 36500 - ------------------------------------------------------------------------------------------------------------------------------------ Apollo Group Inc -Common Stock 037604105 97,945.93 1,483,355 X 891910 - 591445 - ------------------------------------------------------------------------------------------------------------------------------------ Applied Materials Inc -Common Stock 038222105 319.09 17,600 X 17600 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Aptar Group Inc -Common Stock 038336103 5,928.15 161,574 X 136074 - 25500 - ------------------------------------------------------------------------------------------------------------------------------------ Arthocare Inc -Common Stock 043136100 1,108.47 62,379 X 62109 - 270 - ------------------------------------------------------------------------------------------------------------------------------------ Autodesk -Common Stock 052769106 1,227.86 72,142 X 71902 - 240 - ------------------------------------------------------------------------------------------------------------------------------------ Automatic Data Processing -Common Stock 053015103 2,896.68 80,800 X 79900 - 900 - ------------------------------------------------------------------------------------------------------------------------------------ Bank of America Corp -Common Stock 060505104 398.00 5,100 X 5100 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Bank One Corporation -Common Stock 06423A103 498.47 12,897 X 12897 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Bed Bath & Beyond Inc -Common Stock 075896100 38,079.15 995,013 X 569363 - 425650 - ------------------------------------------------------------------------------------------------------------------------------------ Best Buy Company Inc -Common Stock 086516101 8,879.87 186,866 X 157566 - 29300 - ------------------------------------------------------------------------------------------------------------------------------------ Biomet Inc -Common Stock 090613100 10,364.57 309,390 X 260690 - 48700 - ------------------------------------------------------------------------------------------------------------------------------------ Biovail Corp -Common Stock 09067J109 40,868.64 1,100,098 X 667278 - 432820 - ------------------------------------------------------------------------------------------------------------------------------------ Biosite Inc -Common Stock 090945106 699.75 24,726 X 24626 - 100 - ------------------------------------------------------------------------------------------------------------------------------------ Bisys Group Inc -Common Stock 055472104 1,249.34 95,007 X 94627 - 380 - ------------------------------------------------------------------------------------------------------------------------------------ Black Box Corp -Common Stock 091826107 1,327.50 33,346 X 33216 - 130 - ------------------------------------------------------------------------------------------------------------------------------------ Brinker Intl Inc -Common Stock 109641100 5,460.60 163,687 X 136187 - 27500 - ------------------------------------------------------------------------------------------------------------------------------------ Cardinal Health -Common Stock 14149Y108 61,896.67 1,060,056 X 575391 - 484665 - ------------------------------------------------------------------------------------------------------------------------------------ Carnival Corporation -Common Stock 143658102 48,705.39 1,480,857 X 804827 - 676030 - ------------------------------------------------------------------------------------------------------------------------------------ Catalina Marketing Corp -Common Stock 148867104 1,035.94 68,199 X 67899 - 300 - ------------------------------------------------------------------------------------------------------------------------------------ Caterpillar Inc -Common Stock 149123101 316.66 4,600 X 4600 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ CDW Corporation -Common Stock 12512N105 12,621.60 219,125 X 184925 - 34200 - ------------------------------------------------------------------------------------------------------------------------------------ Cheesecake Factory -Common Stock 163072101 7,880.77 217,101 X 184801 - 32300 - ------------------------------------------------------------------------------------------------------------------------------------ ChevronTexaco Corporation -Common Stock 166764100 2,560.12 35,831 X 35431 - 400 - ------------------------------------------------------------------------------------------------------------------------------------ Chicos FAS Inc -Common Stock 168615102 1,847.62 60,301 X 60051 - 250 - ------------------------------------------------------------------------------------------------------------------------------------
------------------ ----------- Item 8: - ----------------------------------------------------------------------------------------------------- Item 7: Voting Authority Item 4: Item 5: (b) (c) (Shares) Item 1: Item 2: Item 3: Fair Market Shares of (a) Shared as shared Managers (a) (b) (c) Name of Issuer Title of CUSIP Value Principal Sole defined in Other See Instr. Sole Shared None Class Number (x$1000) Amt. Instr. V V - ------------------------------------------------------------------------------------------------------------------------------------ Choicepoint Inc -Common Stock 170388102 3,786.14 113,019 X 95519 - 17500 - ------------------------------------------------------------------------------------------------------------------------------------ Cincinnati Financial Corp -Common Stock 172062101 434.88 10,872 X 10872 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Cintas corp -Common Stock 172908105 551.30 14,896 X 14896 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Cisco Systems Inc. -Common Stock 17275R102 71,260.39 3,637,590 X 2094046 - 543544 - ------------------------------------------------------------------------------------------------------------------------------------ Citigroup Inc -Common Stock 172967101 747.87 16,433 X 16433 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Coach Inc -Common Stock 189754104 2,697.24 49,400 X 48400 - 1000 - ------------------------------------------------------------------------------------------------------------------------------------ Coca Cola -Common Stock 191216100 313.61 7,300 X 7300 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Comcast Cl A Spl -Common Stock 20030N200 234.16 7,900 X 7900 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Commerce Bancorp Inc -Common Stock 200519106 8,241.19 172,014 X 145514 - 26500 - ------------------------------------------------------------------------------------------------------------------------------------ ConocoPhillips -Common Stock 20825C104 2,978.07 54,394 X 33348 - 21046 - ------------------------------------------------------------------------------------------------------------------------------------ Constellation Brands Inc - A -Common Stock 21036P108 9,162.52 300,509 X 250809 - 49700 - ------------------------------------------------------------------------------------------------------------------------------------ Convergys Corp. -Common Stock 212485106 4,895.50 266,930 X 225330 - 41600 - ------------------------------------------------------------------------------------------------------------------------------------ Cooper Companies Inc -Common Stock 216648402 3,220.11 79,021 X 78701 - 320 - ------------------------------------------------------------------------------------------------------------------------------------ Cymer Inc -Common Stock 232572107 2,184.65 53,077 X 52857 - 220 - ------------------------------------------------------------------------------------------------------------------------------------ Danaher Corporation -Common Stock 235851102 66,600.74 901,716 X 545396 - 356320 - ------------------------------------------------------------------------------------------------------------------------------------ DeVry Inc -Common Stock 251893103 4,317.97 182,501 X 156901 - 25600 - ------------------------------------------------------------------------------------------------------------------------------------ DRS Technologies Inc -Common Stock 23330X100 1,780.36 73,782 X 73462 - 320 - ------------------------------------------------------------------------------------------------------------------------------------ DST Systems Inc -Common Stock 233326107 6,259.27 166,470 X 139570 - 26900 - ------------------------------------------------------------------------------------------------------------------------------------ Dell Inc -Common Stock 24702R101 66,506.40 1,990,018 X 1110708 - 879310 - ------------------------------------------------------------------------------------------------------------------------------------ Ebay Inc -Common Stock 278642103 67,363.90 1,255,852 X 672132 - 583720 - ------------------------------------------------------------------------------------------------------------------------------------ Ecolab Inc -Common Stock 278865100 54,980.08 2,177,429 X 1233809 - 943620 - ------------------------------------------------------------------------------------------------------------------------------------ Exactech Inc -Common Stock 30064E109 1,856.17 112,223 X 111763 - 460 - ------------------------------------------------------------------------------------------------------------------------------------ Expeditors Intl Wash Inc -Common Stock 302130109 14,325.16 416,429 X 364349 - 52080 - ------------------------------------------------------------------------------------------------------------------------------------ Express Scripts Inc -Common Stock 302182100 5,922.23 96,911 X 81711 - 15200 - ------------------------------------------------------------------------------------------------------------------------------------ Exxon Mobil Corporation -Common Stock 302290101 5,727.02 156,476 X 132576 - 23900 - ------------------------------------------------------------------------------------------------------------------------------------ Factset Research Systems Inc -Common Stock 303075105 4,720.39 106,435 X 89235 - 17200 - ------------------------------------------------------------------------------------------------------------------------------------ Fannie Mae -Common Stock 313586109 5,531.90 78,802 X 66502 - 12300 - ------------------------------------------------------------------------------------------------------------------------------------ Fedex Corporation -Common Stock 31428X106 225.51 3,500 X 3500 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Fifth Third Bancorp -Common Stock 316773100 43,501.15 783,240 X 418285 - 364955 - ------------------------------------------------------------------------------------------------------------------------------------ First Data Corp -Common Stock 319963104 37,920.48 948,961 X 520741 - 428220 - ------------------------------------------------------------------------------------------------------------------------------------ Fiserv Inc -Common Stock 337738108 40,028.23 1,103,010 X 596830 - 506180 - ------------------------------------------------------------------------------------------------------------------------------------ Freddie Mac -Common Stock 313400301 2,120.18 40,500 X 40500 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Fred's Inc -Common Stock 356108100 17,903.51 543,189 X 478764 - 64425 - ------------------------------------------------------------------------------------------------------------------------------------ Gallagher Arthur J -Common Stock 363576109 6,733.33 238,095 X 198495 - 39600 - ------------------------------------------------------------------------------------------------------------------------------------ Gannett Company -Common Stock 364730101 2,832.49 36,520 X 23020 - 13500 - ------------------------------------------------------------------------------------------------------------------------------------ General Electric Co -Common Stock 369604103 5,944.83 199,424 X 171324 - 28100 - ------------------------------------------------------------------------------------------------------------------------------------ Gentex Corp -Common Stock 371901109 15,646.47 449,224 X 395154 - 54070 - ------------------------------------------------------------------------------------------------------------------------------------ Gillette Co -Common Stk P0 375766102 214.27 6,700 X 6700 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Global Payments Inc -Common Stk P0 37940X102 1,679.80 46,661 X 46471 - 190 - ------------------------------------------------------------------------------------------------------------------------------------ Group 1 Software Inc -Common Stk P0 39943Y103 906.26 50,404 X 50194 - 210 - ------------------------------------------------------------------------------------------------------------------------------------ Harley-Davidson Inc -Common Stk P0 412822108 869.19 18,033 X 18033 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ HCC Insurance Holdings Inc -Common Stock 404132102 2,030.05 69,809 X 69539 - 270 - ------------------------------------------------------------------------------------------------------------------------------------ Health Mgmt Assoc -Common Stock 421933102 13,080.87 599,765 X 518065 - 81700 - ------------------------------------------------------------------------------------------------------------------------------------ Hewlett Packard -Common Stock 428236103 246.45 12,730 X 12730 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Hilb Rogal & Hamilton Co -Common Stock 431294107 1,771.76 57,080 X 56850 - 230 - ------------------------------------------------------------------------------------------------------------------------------------ Home Depot Inc -Common Stock 437076102 38,977.90 1,223,796 X 654395 - 569401 - ------------------------------------------------------------------------------------------------------------------------------------ Hot Topic Inc -Common Stock 441339108 18,159.49 805,656 X 695474 - 110182 - ------------------------------------------------------------------------------------------------------------------------------------ Hudson United Bancorp -Common Stock 444165104 1,117.67 31,779 X 31649 - 130 - ------------------------------------------------------------------------------------------------------------------------------------ Idexx Labs Inc -Common Stock 45168D104 1,995.55 46,899 X 46709 - 190 - ------------------------------------------------------------------------------------------------------------------------------------ Ingersoll-Rand Co -Common Stock 456866102 2,899.65 54,260 X 32360 - 21900 - ------------------------------------------------------------------------------------------------------------------------------------
------------------ ----------- Item 8: - ----------------------------------------------------------------------------------------------------- Item 7: Voting Authority Item 4: Item 5: (b) (c) (Shares) Item 1: Item 2: Item 3: Fair Market Shares of (a) Shared as shared Managers (a) (b) (c) Name of Issuer Title of CUSIP Value Principal Sole defined in Other See Instr. Sole Shared None Class Number (x$1000) Amt. Instr. V V - ------------------------------------------------------------------------------------------------------------------------------------ Intel Corp -Common Stock 458140100 46,661.34 1,695,543 X 896743 - 798800 - ------------------------------------------------------------------------------------------------------------------------------------ International Business Machines Inc -Common Stock 459200101 3,135.72 35,500 X 35200 - 300 - ------------------------------------------------------------------------------------------------------------------------------------ International Game Tech -Common Stock 459902102 40,871.75 1,451,927 X 755667 - 696260 - ------------------------------------------------------------------------------------------------------------------------------------ Intuit Inc -Common Stock 461202103 63,696.72 1,320,413 X 741893 - 578520 - ------------------------------------------------------------------------------------------------------------------------------------ Investment Technology Group -Common Stock 46145F105 1,647.29 85,886 X 85546 - 340 - ------------------------------------------------------------------------------------------------------------------------------------ Investors Financial Services Corp -Common Stock 461915100 1,989.16 63,068 X 62818 - 250 - ------------------------------------------------------------------------------------------------------------------------------------ Invitrogen Corporation -Common Stock 46185R100 10,175.02 175,613 X 147213 - 28400 - ------------------------------------------------------------------------------------------------------------------------------------ Jabil Circuit Inc -Common Stock 466313103 73,353.10 2,815,858 X 1660568 - 155290 - ------------------------------------------------------------------------------------------------------------------------------------ Johnson & Johnson Co. -Common Stock 478160104 36,357.14 734,191 X 452411 - 281780 - ------------------------------------------------------------------------------------------------------------------------------------ Knight Transportation -Common Stock 499064103 3,638.41 144,324 X 143739 - 585 - ------------------------------------------------------------------------------------------------------------------------------------ Kohls Corporation -Common Stock 500255104 30,392.01 568,075 X 324060 - 244015 - ------------------------------------------------------------------------------------------------------------------------------------ Kroger Co -Common Stock 501044101 516.44 28,900 X 28000 - 900 - ------------------------------------------------------------------------------------------------------------------------------------ Kronos Inc -Common Stock 501052104 1,844.60 34,863 X 34723 - 140 - ------------------------------------------------------------------------------------------------------------------------------------ KV Pharmaceutical CO Cl A -Common Stock 482740206 4,495.03 199,779 X 198999 - 780 - ------------------------------------------------------------------------------------------------------------------------------------ Lilly Eli & Co -Common Stock 532457108 314.82 5,300 X 5300 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Lockheed Martin Corporation -Common Stock 539830109 207.68 4,500 X 4500 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Lowes Company -Common Stock 548661107 343.13 6,600 X 6600 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Lucent Technologies Inc -Common Stock 549463107 44.50 20,604 X 20604 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ MBNA Corporation -Common Stock 55262L100 52,047.45 2,282,783 X 1228448 - 054335 - ------------------------------------------------------------------------------------------------------------------------------------ Marathon Oil Corporation -Common Stock 565849106 1,704.59 59,810 X 35910 - 23900 - ------------------------------------------------------------------------------------------------------------------------------------ Marsh & McLennan Cos Inc -Common Stock 571748102 48,457.60 1,017,803 X 551543 - 466260 - ------------------------------------------------------------------------------------------------------------------------------------ Medtronic Inc -Common Stock 585055106 75,453.60 1,608,133 X 920983 - 687150 - ------------------------------------------------------------------------------------------------------------------------------------ Mellon Financial Corp -Common Stock 58551A108 483.54 16,043 X 16043 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Merck & Co -Common Stock 589331107 362.34 7,158 X 7158 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Merrill Lynch & Co -Common Stock 590188108 294.42 5,500 X 5500 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Microchip Technology Inc -Common Stock 595017104 11,123.60 464,257 X 390057 - 74200 - ------------------------------------------------------------------------------------------------------------------------------------ Microsoft Corp. -Common Stock 594918104 52,728.93 1,896,724 X 1070514 - 826210 - ------------------------------------------------------------------------------------------------------------------------------------ Nationwide Financial Service A -Common Stock 638612101 4,624.88 147,571 X 123071 - 24500 - ------------------------------------------------------------------------------------------------------------------------------------ Newfield Exploration Co -Common Stock 651290108 2,081.82 53,975 X 53755 - 220 - ------------------------------------------------------------------------------------------------------------------------------------ Northern Trust corp -Common Stock 665859104 7,275.09 171,785 X 146285 - 25500 - ------------------------------------------------------------------------------------------------------------------------------------ Omnicare Inc -Common Stock 681904108 15,491.63 429,607 X 360307 - 69300 - ------------------------------------------------------------------------------------------------------------------------------------ Omnicom Group, Inc -Common Stock 681919106 51,299.89 713,986 X 399956 - 314030 - ------------------------------------------------------------------------------------------------------------------------------------ Open Text Corporation -Common Stock 683715106 1,189.11 34,861 X 34721 140 - ------------------------------------------------------------------------------------------------------------------------------------ Oracle Corporation -Common Stock 68389X105 23,248.24 2,066,510 X 1137040 929470 - ------------------------------------------------------------------------------------------------------------------------------------ Patina Oil & Gas Corp -Common Stock 703224105 1,420.68 39,202 X 39052 150 - ------------------------------------------------------------------------------------------------------------------------------------ Patterson Dental Company -Common Stock 703412106 10,539.73 183,045 X 165465 17580 - ------------------------------------------------------------------------------------------------------------------------------------ Paychex Inc -Common Stock 704326107 65,670.22 1,925,813 X 1073645 852168 - ------------------------------------------------------------------------------------------------------------------------------------ Pepsico Inc -Common Stock 713448108 60,875.16 1,328,282 X 746362 - 581920 - ------------------------------------------------------------------------------------------------------------------------------------ Performance Food Group Co -Common Stock 713755106 8,620.83 211,658 X 180258 - 31400 - ------------------------------------------------------------------------------------------------------------------------------------ Pfizer Inc -Common Stock 717081103 40,368.34 1,328,780 X 773760 - 555020 - ------------------------------------------------------------------------------------------------------------------------------------ Pharmaceutical Product Develop -Common Stock 717124101 1,220.71 50,884 X 50684 - 200 - ------------------------------------------------------------------------------------------------------------------------------------ Photronics Incorporated -Common Stock 719405102 1,663.95 77,864 X 77584 - 280 - ------------------------------------------------------------------------------------------------------------------------------------ Plantronics Inc -Common Stock 727493108 6,804.64 285,071 X 238771 - 46300 - ------------------------------------------------------------------------------------------------------------------------------------ Praxair Inc -Common Stock 74005P104 4,179.77 67,470 X 49470 - 18000 - ------------------------------------------------------------------------------------------------------------------------------------ Procter & Gamble -Common Stock 742718109 566.20 6,100 X 6100 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Quest Diagnostics Inc -Common Stock 74834L100 8,627.13 142,268 X 117268 - 25000 - ------------------------------------------------------------------------------------------------------------------------------------ Rare Hospitality Intl Inc -Common Stock 753820109 3,434.79 137,888 X 137378 - 510 - ------------------------------------------------------------------------------------------------------------------------------------ Raymond James Financial Inc -Common Stock 754730109 2,358.50 64,883 X 64623 - 260 - ------------------------------------------------------------------------------------------------------------------------------------ Regis Corp Minn -Common Stock 758932107 8,834.56 275,220 X 231120 - 44100 - ------------------------------------------------------------------------------------------------------------------------------------ Right Management Consultants -Common Stock 766573109 2,181.44 120,655 X 120160 - 495 - ------------------------------------------------------------------------------------------------------------------------------------
------------------ ----------- Item 8: - ----------------------------------------------------------------------------------------------------- Item 7: Voting Authority Item 4: Item 5: (b) (c) (Shares) Item 1: Item 2: Item 3: Fair Market Shares of (a) Shared as shared Managers (a) (b) (c) Name of Issuer Title of CUSIP Value Principal Sole defined in Other See Instr. Sole Shared None Class Number (x$1000) Amt. Instr. V V - ------------------------------------------------------------------------------------------------------------------------------------ Roper Industries Inc -Common Stock 776696106 6,613.46 151,859 X 128359 - 23500 - ------------------------------------------------------------------------------------------------------------------------------------ Ross Stores Inc -Common Stock 778296103 8,335.22 179,677 X 150977 - 28700 - ------------------------------------------------------------------------------------------------------------------------------------ SLM Corporation -Common Stock 78442P106 49,098.68 1,260,233 X 657833 - 602400 - ------------------------------------------------------------------------------------------------------------------------------------ Scansource Inc -Common Stock 806037107 1,937.70 53,073 X 52853 - 220 - ------------------------------------------------------------------------------------------------------------------------------------ Schlumberger Ltd -Common Stock 806857108 1,819.84 37,600 X 37300 - 300 - ------------------------------------------------------------------------------------------------------------------------------------ SEI Investments Inc -Common Stock 784117103 1,555.08 47,775 X 47575 - 200 - ------------------------------------------------------------------------------------------------------------------------------------ Serena Software Inc -Common Stock 817492101 1,120.03 60,706 X 60476 - 230 - ------------------------------------------------------------------------------------------------------------------------------------ Shuffle Master Inc -Common Stock 825549108 1,792.12 65,911 X 65641 - 270 - ------------------------------------------------------------------------------------------------------------------------------------ Simpson Manufacturing Co Inc -Common Stock 829073105 2,599.54 63,574 X 63314 - 260 - ------------------------------------------------------------------------------------------------------------------------------------ Sonic Corp -Common Stock 835451105 1,846.58 73,277 X 72962 - 315 - ------------------------------------------------------------------------------------------------------------------------------------ Spartech Corp -Common Stock 847220209 1,317.79 61,868 X 61608 - 260 - ------------------------------------------------------------------------------------------------------------------------------------ Staples Inc -Common Stock 855030102 29,795.23 1,249,800 X 668200 - 581600 - ------------------------------------------------------------------------------------------------------------------------------------ Starbucks Corporation -Common Stock 855244109 42,587.63 1,478,737 X 802827 - 675910 - ------------------------------------------------------------------------------------------------------------------------------------ Stericycle Inc -Common Stock 858912108 2,385.04 50,477 X 50277 - 200 - ------------------------------------------------------------------------------------------------------------------------------------ Stryker Corporation -Common Stock 863667101 81,164.07 1,077,733 X 622033 - 455700 - ------------------------------------------------------------------------------------------------------------------------------------ Sun Microsystems -Common Stock 866810104 89.70 27,100 X 26100 - 1000 - ------------------------------------------------------------------------------------------------------------------------------------ Sunrise Assisted Living In -Common Stock 86768K106 886.21 33,786 X 33646 - 140 - ------------------------------------------------------------------------------------------------------------------------------------ Surmodics Inc -Common Stock 868873100 765.11 28,517 X 28407 - 110 - ------------------------------------------------------------------------------------------------------------------------------------ Symbol Technologies Inc -Common Stock 867363103 5,136.41 429,825 X 363725 - 66100 - ------------------------------------------------------------------------------------------------------------------------------------ Synovis Life technologies Inc -Common Stock 87162G105 859.59 35,157 X 35007 - 150 - ------------------------------------------------------------------------------------------------------------------------------------ Sysco Corporation -Common Stock 871829107 70,904.29 2,167,664 X 1257490 - 910174 - ------------------------------------------------------------------------------------------------------------------------------------ Target Corporation -Common Stk P0 87612E106 2,487.34 66,100 X 44000 - 22100 - ------------------------------------------------------------------------------------------------------------------------------------ Taro Pharmaceutical Inds -Common Stk P0 M8737E108 1,924.86 34,299 X 34159 140 - ------------------------------------------------------------------------------------------------------------------------------------ Teleflex Inc -Common Stk P0 879369106 2,595.12 59,754 X 59514 240 - ------------------------------------------------------------------------------------------------------------------------------------ Tetra Tech Inc -Common Stk P0 88162G103 8,760.97 438,487 X 385612 52875 - ------------------------------------------------------------------------------------------------------------------------------------ 3M Company -Common Stock 88579Y101 3,094.34 44,800 X 44200 600 - ------------------------------------------------------------------------------------------------------------------------------------ Time Warner Inc -Common Stock 887317105 526.73 34,860 X 34260 600 - ------------------------------------------------------------------------------------------------------------------------------------ Travelers Property Casualt Corp Ser B -Common Stock 89420G406 168.33 10,600 X 10600 0 - ------------------------------------------------------------------------------------------------------------------------------------ Tribune Company -Common Stock 896047107 215.73 4,700 X 4700 0 - ------------------------------------------------------------------------------------------------------------------------------------ TriQuint Semiconductor -Common Stock 89674K103 519.10 91,876 X 91706 170 - ------------------------------------------------------------------------------------------------------------------------------------ United Natural Foods Inc -Common Stock 911163103 2,850.19 85,875 X 85535 340 - ------------------------------------------------------------------------------------------------------------------------------------ United Technologies -Common Stock 913017109 68,532.75 886,811 X 479406 407405 - ------------------------------------------------------------------------------------------------------------------------------------ Valspar Corp -Common Stock 920355104 1,315.53 28,200 X 28090 - 110 - ------------------------------------------------------------------------------------------------------------------------------------ Varian Medical Systems Inc -Common Stock 92220P105 6,354.01 110,543 X 92543 - 18000 - ------------------------------------------------------------------------------------------------------------------------------------ Verisity Limited -Common Stock M97385112 1,195.68 95,654 X 95254 - 400 - ------------------------------------------------------------------------------------------------------------------------------------ Verity Inc -Common Stock 92343C106 2,328.30 177,597 X 176877 - 720 - ------------------------------------------------------------------------------------------------------------------------------------ Verizon Communications -Common Stock 92343V104 2,308.37 71,158 X 56558 - 14600 - ------------------------------------------------------------------------------------------------------------------------------------ VistaCare Inc -Common Stock 92839Y109 1,724.28 54,583 X 54353 230 - ------------------------------------------------------------------------------------------------------------------------------------ Wachovia Corp -Common Stock 929771103 539.59 13,100 X 13100 0 - ------------------------------------------------------------------------------------------------------------------------------------ Walgreen Co -Common Stock 931422109 37,590.68 1,226,850 X 743975 - 482875 - ------------------------------------------------------------------------------------------------------------------------------------ Walmart Stores -Common Stock 931142103 2,979.04 53,340 X 52840 - 500 - ------------------------------------------------------------------------------------------------------------------------------------ Washington Mutual Inc -Common Stock 939322103 2,122.04 53,900 X 53400 - 500 - ------------------------------------------------------------------------------------------------------------------------------------ Wells Fargo Company -Common Stock 949746101 721.00 14,000 X 14000 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Whole Foods Mkt Inc -Common Stock 966837106 11,941.80 216,337 X 190627 - 25710 - ------------------------------------------------------------------------------------------------------------------------------------ Wind River Systems -Common Stock 973149107 688.39 120,982 X 120582 - 400 - ------------------------------------------------------------------------------------------------------------------------------------ Wm Wrigley Jr Co -Common Stock 982526105 530.88 9,600 X 9600 - 0 - ------------------------------------------------------------------------------------------------------------------------------------ Wyeth -Common Stock 983024100 1,797.90 39,000 X 38600 - 400 - ------------------------------------------------------------------------------------------------------------------------------------ Young Innovations Inc -Common Stock 987520103 2,352.77 73,501 X 73201 - 300 - ------------------------------------------------------------------------------------------------------------------------------------ Zebra Technologies Corp Cl A -Common Stock 989207105 3,999.17 77,684 X 77399 - 285 - ------------------------------------------------------------------------------------------------------------------------------------ 2,667,727.15
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