13F-HR 1 co13f123102.txt UNITES 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, 2002 Check here if Amendment [ ]; Amendment Number: This Amendment (check only one.): [x] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Nicholas Company, Inc. Address: 700 North Water Street Suite 1010 Milwaukee, WI 53202 Form 13F File Number: 28-1226 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 therein is true, correct and complete, and that it is understood that all required items, statements, schedules, list, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey T. May Title: Senior Vice President and Treasurer Phone: 414-272-4650 Signature, Place, and Date of Signing: /s/ Jeffrey T. May Milwaukee, WI 1/31/2003 [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).)
Item 2: Item 4: Item 5: Item 1: Title Item 3: Fair Shares Investment Item 7: Item 8: Name of of CUSIP Market or Principal Discretion Managers Voting Authority Issuer Class Number Value Amount (a) Sole See Instr.V(a)Sole (b)Shared (c)None Abbott Laboratories COM 002824100 31,888 797,200 SH 797,200 797,200 ACE Limited ORD G0070K103 8,989 306,390 SH 306,390 36,390 270,000 Accenture Ltd CL A G1150G111 18,823 1,046,300 SH 1,046,300 1,046,300 Affiliated Computer ServiCL A 008190100 3,159 60,000 SH 60,000 60,000 Alberto-Culver Company CL A 013068200 63,375 1,304,290 SH 1,304,290 21,690 1,282,600 Allergan, Inc. COM 018490102 3,745 65,000 SH 65,000 65,000 American International GrCOM 026874107 70 1,203 SH 1,203 1,203 0 Arthur J. Gallagher & Co.COM 363576109 7,718 262,700 SH 262,700 27,700 235,000 Affiliated Managers GroupCOM 008252108 41,196 819,000 SH 819,000 819,000 AmerUs Group Co. COM 03072M108 2,482 87,790 SH 87,790 36,790 51,000 American National InsuranCOM 028591105 410 5,000 SH 5,000 5,000 Apogent Technologies Inc.COM 03760A101 59,546 2,862,810 SH 2,862,810 56,910 2,805,900 Apache Corporation COM 037411105 5,226 91,700 SH 91,700 2,200 89,500 Anadarko Petroleum CorporCOM 032511107 527 11,000 SH 11,000 11,000 0 Applebee's International,COM 037899101 1,044 45,000 SH 45,000 45,000 AptarGroup, Inc. COM 038336103 4,024 128,800 SH 128,800 36,300 92,500 Axcan Pharma Inc. COM 054923107 1,195 101,500 SH 101,500 2,000 99,500 American Express Company COM 025816109 37,118 1,050,000 SH 1,050,000 1,050,000 Baxter International Inc.COM 071813109 34,740 1,240,700 SH 1,240,700 1,240,700 Bruker AXS, Inc. COM 11679P101 396 219,000 SH 219,000 4,000 215,000 Biotech HOLDRS Trust DEPOSTRY RCPTS D09067201 4,313 51,000 SH 51,000 51,000 Black Box Corporation COM 091826107 2,052 45,800 SH 45,800 15,800 30,000 BEA Systems, Inc. COM 073325102 3,395 296,000 SH 296,000 8,500 287,500 W. R. Berkley CorporationCOM 084423102 49,982 1,261,850 SH 1,261,850 8,850 1,253,000 Biogen, Inc. COM 090597105 4,006 100,000 SH 100,000 100,000 BJ's Wholesale Club, Inc.COM 05548J106 673 36,800 SH 36,800 26,800 10,000 BJ Services Company COM 055482103 3,231 100,000 SH 100,000 100,000 Biomet, Inc. COM 090613100 5,018 175,100 SH 175,100 20,100 155,000 Bemis Company, Inc. COM 081437105 3,558 71,700 SH 71,700 3,700 68,000 Bristol-Myers Squibb CompCOM 110122108 13,994 604,500 SH 604,500 34,500 570,000 Business Objects S.A. SPONSORED ADR 12328X107 825 55,000 SH 55,000 55,000 Brady Corporation CL A 104674106 167 5,000 SH 5,000 5,000 Berkshire Hathaway Inc.-CCL A 084670108 114,145 1,569 SH 1,569 1,569 Brown & Brown, Inc. COM 115236101 4,305 133,200 SH 133,200 29,400 103,800 Biosite Incorporated COM 090945106 680 20,000 SH 20,000 20,000 Boston Scientific CorporaCOM 101137107 3,402 80,000 SH 80,000 80,000 Baylake Corp. COM 072788102 811 61,000 SH 61,000 61,000 Cardinal Health, Inc. COM 14149Y108 42,164 712,351 SH 712,351 17,312 695,039 Commerce Bancorp, Inc. COM 200519106 1,080 25,000 SH 25,000 25,000 Clear Channel CommunicatiCOM 184502102 61,154 1,639,965 SH 1,639,965 31,800 1,608,165 CDW Computer Centers, IncCOM 125129106 4,166 95,000 SH 95,000 95,000 Concord EFS, Inc. COM 206197105 29,456 1,871,400 SH 1,871,400 49,500 1,821,900 CEC Entertainment, Inc. COM 125137109 1,075 35,000 SH 35,000 35,000 Charter One Financial, InCOM 160903100 649 22,575 SH 22,575 1,575 21,000 Community First BankshareCOM 203902101 463 17,500 SH 17,500 17,500 Check Point Software TechORD M22465104 4,179 322,240 SH 322,240 35,240 287,000 C.H. Robinson Worldwide, COM 12541W100 1,872 60,000 SH 60,000 60,000 Cincinnati Financial CorpCOM 172062101 78 2,082 SH 2,082 2,082 0 CLARCOR Inc. COM 179895107 323 10,000 SH 10,000 10,000 Central Parking CorporatiCOM 154785109 10,373 550,000 SH 550,000 550,000 ChoicePoint Inc. COM 170388102 5,002 126,665 SH 126,665 126,665 Correctional Properties TCOM 22025E104 145 6,700 SH 6,700 6,700 Charles River LaboratorieCOM 159864107 385 10,000 SH 10,000 10,000 Cryolife, Inc. COM 228903100 535 78,400 SH 78,400 78,400 Cintas Corporation COM 172908105 29,250 639,350 SH 639,350 19,500 619,850 CUNO Incorporated COM 126583103 1,182 35,700 SH 35,700 700 35,000 CVS Corporation COM 126650100 35,420 1,418,506 SH 1,418,506 34,358 1,384,148 Corrections Corporation oCOM NEW 22025Y407 3 188 SH 188 188 0 Cyberonics, Inc. COM 23251P102 2,129 115,700 SH 115,700 115,700 Dollar General CorporatioCOM 256669102 40,495 3,388,715 SH 3,388,715 69,715 3,319,000 Walt Disney Company (The)COM 254687106 130 8,000 SH 8,000 8,000 0 EchoStar Communications CCL A 278762109 6,967 313,000 SH 313,000 27,800 285,200 DeVry Inc. COM 251893103 997 60,000 SH 60,000 60,000 DaVita, Inc. COM 23918K108 147 5,967 SH 5,967 1,700 4,267 Engineered Support SystemCOM 292866100 1,100 30,000 SH 30,000 30,000 Brinker International, InCOM 109641100 1,580 49,000 SH 49,000 12,000 37,000 Emulex Corporation COM NEW 292475209 186 10,000 SH 10,000 10,000 EMC Corporation COM 268648102 2,118 345,000 SH 345,000 345,000 Emmis Communications CorpCL A 291525103 1,364 65,500 SH 65,500 700 64,800 Emerson Electric Co. COM 291011104 331 6,500 SH 6,500 1,000 5,500 Entegris Inc. COM 29362U104 1,174 114,000 SH 114,000 5,000 109,000 Corporate Executive BoardCOM 21988R102 479 15,000 SH 15,000 15,000 Expeditors International COM 302130109 6,204 190,000 SH 190,000 190,000 Fastenal Company COM 311900104 5,982 160,000 SH 160,000 160,000 Family Dollar Stores, IncCOM 307000109 2,341 75,000 SH 75,000 75,000 First Health Group Corp. COM 320960107 4,992 205,000 SH 205,000 205,000 Fiserv, Inc. COM 337738108 12,699 374,062 SH 374,062 17,025 357,037 Fifth Third Bancorp COM 316773100 77,870 1,329,982 SH 1,329,982 11,219 1,318,763 FLIR Systems, Inc. COM 302445101 2,611 53,500 SH 53,500 2,500 51,000 Firstmerit Corporation COM 337915102 413 19,000 SH 19,000 19,000 0 Freddie Mac COM 313400301 118 2,000 SH 2,000 2,000 0 Fresh Brands, Inc. COM 35803U108 1,604 97,200 SH 97,200 97,200 Forest Laboratories, Inc.COM 345838106 3,880 39,500 SH 39,500 39,500 General Dynamics CorporatCOM 369550108 35,717 450,000 SH 450,000 450,000 Guidant Corporation COM 401698105 58,054 1,881,800 SH 1,881,800 32,300 1,849,500 Graco, Inc. COM 384109104 3 100 SH 100 100 General Mills, Inc. COM 370334104 376 8,000 SH 8,000 8,000 0 General Motors CorporatioCL H NEW 370442832 43,003 4,018,930 SH 4,018,930 41,230 3,977,700 Genuine Parts Company COM 372460105 356 11,550 SH 11,550 11,550 0 GlobalSanteFe CorporationCOM G3930E101 2,675 110,000 SH 110,000 110,000 W.W. Grainger, Inc. COM 384802104 351 6,800 SH 6,800 800 6,000 Hub International LimitedCOM 44332P101 1,306 101,800 SH 101,800 1,600 100,200 HCC Insurance Holdings, ICOM 404132102 3,498 142,200 SH 142,200 2,200 140,000 Home Depot, Inc. (The) COM 437076102 158 6,600 SH 6,600 6,600 0 Harley-Davidson, Inc. COM 412822108 2,569 55,600 SH 55,600 55,600 Hancock Fabrics, Inc. COM 409900107 305 20,000 SH 20,000 20,000 Health Management AssociaCL A 421933102 58,549 3,270,910 SH 3,270,910 2,990 3,267,920 Harvest Natural ResourcesCOM 41754V103 323 50,000 SH 50,000 50,000 H&R Block, Inc. COM 093671105 52,260 1,300,000 SH 1,300,000 1,300,000 Hormel Foods Corporation COM 440452100 19,014 815,000 SH 815,000 40,000 775,000 Harris Corporation COM 413875105 6,194 235,500 SH 235,500 15,500 220,000 IPC Holdings, Ltd. ORD G4933P101 1,766 56,000 SH 56,000 1,000 55,000 Interpublic Group of CompCOM 460690100 34,005 2,415,110 SH 2,415,110 40,110 2,375,000 International Rectifier CCOM 460254105 2,677 145,000 SH 145,000 145,000 International Speedway CoCL A 460335201 11,538 309,426 SH 309,426 2,500 306,926 International Speedway CoCL B 460335300 3,700 100,000 SH 100,000 100,000 Illinois Tool Works Inc. COM 452308109 454 7,000 SH 7,000 7,000 Invitrogen Corporation COM 46185R100 313 10,000 SH 10,000 10,000 iShares Russell 2000 IndeRUSSELL 200 464287655 144 1,900 SH 1,900 1,900 Jabil Circuit, Inc. COM 466313103 3,973 221,700 SH 221,700 21,700 200,000 Johnson Controls, Inc. COM 478366107 561 7,000 SH 7,000 7,000 J. C. Penney Company, IncCOM 708160106 2,964 128,800 SH 128,800 8,800 120,000 Keane, Inc. COM 486665102 3,893 433,000 SH 433,000 10,000 423,000 King Pharmaceuticals, IncCOM 495582108 6,221 361,900 SH 361,900 55,700 306,200 Kinder Morgan Management,SHS 49455U100 52,081 1,648,667 SH 1,648,667 1,648,667 Kos Pharmaceuticals, Inc.COM 500648100 1,710 90,000 SH 90,000 90,000 The Kroger Co. COM 501044101 33,092 2,141,900 SH 2,141,900 41,900 2,100,000 Kohl's Corporation COM 500255104 3,474 62,100 SH 62,100 62,100 Liberty Media CorporationCOM LIB GRP A 001957208 58,913 6,589,780 SH 6,589,780 130,405 6,459,375 Lamar Advertising CompanyCL A 512815101 7,522 223,540 SH 223,540 3,540 220,000 Lancaster Colony CorporatCOM 513847103 664 17,000 SH 17,000 17,000 Eli Lilly and Company COM 532457108 26,988 425,000 SH 425,000 425,000 Legg Mason, Inc. COM 524901105 4,611 95,000 SH 95,000 95,000 LifePoint Hospitals, Inc.COM 53219L109 1,197 40,000 SH 40,000 40,000 LSI Logic Corporation COM 502161102 2,626 455,190 SH 455,190 75,190 380,000 La-Z-Boy Incorporated COM 505336107 12 500 SH 500 500 0 Manpower Inc. COM 56418H100 33,358 1,045,700 SH 1,045,700 30,700 1,015,000 Mathews International CorCL A 577128101 1,358 60,800 SH 60,800 60,800 McDonald's Corporation COM 580135101 19 1,200 SH 1,200 1,200 0 Microchip Technology IncoCOM 595017104 4,737 193,750 SH 193,750 193,750 Mercury General CorporatiCOM 589400100 84,220 2,241,090 SH 2,241,090 21,590 2,219,500 Molecular Devices Corp. COM 60851C107 535 32,500 SH 32,500 32,500 Medtronic, Inc. COM 585055106 42,788 938,334 SH 938,334 2,138 936,196 MDU Resources Group, Inc.COM 552690109 2,452 95,000 SH 95,000 95,000 Marshall & Ilsley CorporaCOM 571834100 63,930 2,334,926 SH 2,334,926 30,800 2,304,126 Marsh & McLennan CompanieCOM 571748102 370 8,000 SH 8,000 8,000 Molex Incorporated CL A 608554200 2,188 110,000 SH 110,000 110,000 Merck & Co., Inc. COM 589331107 442 7,800 SH 7,800 800 7,000 Medicis Pharmaceutical CoCL A NEW 584690309 1,987 40,000 SH 40,000 40,000 MGIC Investment CorporatiCOM 552848103 2,994 72,500 SH 72,500 15,900 56,600 Nabors Industries, Ltd. COM G6359F103 1,164 33,000 SH 33,000 33,000 National Commerce FinanciCOM 63545P104 8,004 335,600 SH 335,600 50,600 285,000 New England Business ServCOM 643872104 439 18,000 SH 18,000 18,000 Nationwide Financial ServCL A 638612101 6,531 227,960 SH 227,960 37,760 190,200 National Health Realty, ICOM 635905102 1,042 71,400 SH 71,400 71,400 Office Depot, Inc. COM 676220106 20,147 1,365,000 SH 1,365,000 1,365,000 O'Reilly Automotive, Inc.COM 686091109 38,365 1,517,000 SH 1,517,000 27,000 1,490,000 Outback Steakhouse, Inc. COM 689899102 26,907 781,270 SH 781,270 31,270 750,000 Plum Creek Timber CompanyCOM 729251108 590 25,000 SH 25,000 25,000 Patterson Dental Company COM 703412106 2,572 58,800 SH 58,800 58,800 Pride International, Inc.COM 74153Q102 872 58,500 SH 58,500 1,000 57,500 PepsiCo, Inc. COM 713448108 34 800 SH 800 800 0 P.F. Chang's China BistroCOM 69333Y108 635 17,500 SH 17,500 17,500 Pfizer Inc. COM 717081103 34,584 1,131,300 SH 1,131,300 21,300 1,110,000 Priority Healthcare CorpoCL B 74264T102 12,178 524,900 SH 524,900 46,300 478,600 Pier 1 Imports, Inc. COM 720279108 1,221 64,500 SH 64,500 4,500 60,000 Protective Life CorporatiCOM 743674103 77,935 2,831,940 SH 2,831,940 32,040 2,799,900 American Italian Pasta CoCL A 027070101 550 15,300 SH 15,300 300 15,000 Plantronics, Inc. COM 727493108 25,667 1,696,400 SH 1,696,400 54,800 1,641,600 Plexus Corp. COM 729132100 537 61,200 SH 61,200 1,200 60,000 Pentair, Inc. COM 709631105 276 8,000 SH 8,000 8,000 PartnerRe Ltd. COM G6852T105 4,337 83,700 SH 83,700 12,700 71,000 Province Healthcare CompaCOM 743977100 2,285 234,850 SH 234,850 56,850 178,000 Pericom Semiconductor CorCOM 713831105 1,653 198,900 SH 198,900 198,900 Platinum Underwriters HolCOM G7127P100 812 30,800 SH 30,800 800 30,000 Nasdaq-100 Index TrackingUNIT SER 1 631100104 28,089 1,152,600 SH 1,152,600 1,152,600 Renal Care Group, Inc. COM 759930100 51,631 1,631,840 SH 1,631,840 33,590 1,598,250 Everest Re Group, Ltd. COM G3223R108 4,507 81,500 SH 81,500 81,500 Resources Connection, IncCOM 76122Q105 1,973 85,000 SH 85,000 5,000 80,000 Respironics, Inc. COM 761230101 4,887 160,600 SH 160,600 600 160,000 Robert Half InternationalCOM 770323103 6,135 380,850 SH 380,850 20,850 360,000 ARAMARK Corporation-ClassCL B 038521100 5,546 236,000 SH 236,000 20,000 216,000 Radio One, Inc. CL A 75040P108 826 56,500 SH 56,500 1,500 55,000 Rayovac Corporation COM 755081106 2,330 174,790 SH 174,790 34,190 140,600 RPM International, Inc. COM 749685103 830 54,312 SH 54,312 17,312 37,000 IMS Health Incorporated COM 449934108 6,181 386,300 SH 386,300 41,300 345,000 SAFECO Corporation COM 786429100 4,646 134,000 SH 134,000 134,000 Salem Communications CorpCL A 794093104 1,411 56,500 SH 56,500 56,500 Asia Satellite TelecommunSPONSORED ADR 04516X106 1,354 118,900 SH 118,900 1,000 117,900 SBC Communications Inc. COM 78387G103 876 32,300 SH 32,300 32,300 0 Starbucks Corporation COM 855244109 917 45,000 SH 45,000 45,000 SunGard(R) Data Systems ICOM 867363103 4,241 180,000 SH 180,000 180,000 Schering-Plough CorporatiCOM 806605101 444 20,000 SH 20,000 7,000 13,000 Shire Pharmaceuticals GroSPONSORED ADR 82481R106 10,445 552,943 SH 552,943 46,017 506,926 The J. M. Smucker CompanyCOM 832696306 1,560 39,176 SH 39,176 39,176 Standard Motor SB DB CV 6.75%09853666AB 302,500 4,000,000 PRN 4,000,000 4,000,000 Sola International Inc. COM 834092108 1,586 122,000 SH 122,000 122,000 Constellation Brands, IncCL A 21036P108 12,732 537,000 SH 537,000 537,000 SureBeam Corporation CL A 86866R102 404 99,927 SH 99,927 3,213 96,714 ServiceMaster Company (ThCOM 81760N109 1,676 150,980 SH 150,980 98,980 52,000 SUPERVALU INC. COM 868536103 413 25,000 SH 25,000 2,000 23,000 Sypris Solutions, Inc. COM 871655106 1,276 125,000 SH 125,000 15,000 110,000 Travelers Property CasualCL A 89420G109 86 5,900 SH 5,900 5,900 Taro Pharmaceutical IndusORD M8737E108 2,459 65,400 SH 65,400 400 65,000 Timberland Company (The) CL A 887100105 726 20,400 SH 20,400 400 20,000 Techne Corporation COM 878377100 286 10,000 SH 10,000 10,000 TESSCO Technologies IncorCOM 872386107 2,288 247,300 SH 247,300 4,400 242,900 Teleflex Incorporated COM 879369106 1,793 41,800 SH 41,800 16,800 25,000 Target Corporation COM 87612E106 4,935 164,500 SH 164,500 19,500 145,000 Thoratec Corporation COM NEW 885175307 529 69,300 SH 69,300 9,300 60,000 TJX Companies, Inc. COM 872540109 26,352 1,350,000 SH 1,350,000 1,350,000 Too, Inc. COM 890333107 487 20,700 SH 20,700 700 20,000 Total Renal Care HoldingsSUB NT CONV 7%0989151AAC1 299,625 3,000,000 PRN 3,000,000 3,000,000 Titan Corporation (The) COM 888266103 1,889 181,600 SH 181,600 4,600 177,000 Texas Instruments IncorpoCOM 882508104 239 15,900 SH 15,900 15,900 0 United Auto Group, Inc. COM 909440109 622 49,900 SH 49,900 49,900 Universal Health ServicesCL B 913903100 42,862 950,380 SH 950,380 22,080 928,300 USA Interactive COM 902984103 48,423 2,112,710 SH 2,112,710 57,310 2,055,400 U.S. Bancorp COM NEW 902973304 10,080 475,000 SH 475,000 475,000 Valspar Corporation (The)COM 920355104 161 3,650 SH 3,650 3,650 0 Vulcan Materials Company COM 929160109 51,004 1,360,110 SH 1,360,110 8,110 1,352,000 Vishay Intertechnology, ICOM 928298108 29,798 2,665,290 SH 2,665,290 74,590 2,590,700 Verizon Communications COM 92343V104 390 10,055 SH 10,055 10,055 0 Walgreen Co. COM 931422109 20,921 716,710 SH 716,710 16,710 700,000 Winstar Communications, ICOM 975515107 0 3,000 SH 3,000 3,000 0 Waddell & Reed Financial,CL A 930059100 852 43,340 SH 43,340 43,340 0 Wells Fargo & Company COM 949746101 84 1,800 SH 1,800 1,800 0 Washington Mutual, Inc. COM 939322103 44,057 1,275,900 SH 1,275,900 23,900 1,252,000 Wright Medical Group, IncCOM 98235T107 960 55,000 SH 55,000 55,000 Willis Group Holdings LimSHS G96655108 7,752 270,400 SH 270,400 270,400 Wyeth COM 983024100 28,274 756,000 SH 756,000 756,000 XL Capital Ltd. CL A G98255105 386 5,000 SH 5,000 5,000 DENTSPLY International InCOM 249030107 6,696 180,000 SH 180,000 180,000 Yum! Brands, Inc. COM 895953107 30,759 1,270,000 SH 1,270,000 1,270,000 Zebra Technologies CorporCL A 989207105 4,011 70,000 SH 70,000 70,000 ---------- 3,136,821 ==========
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 225 Form 13F Information Table Value Total (thousands): $3,136,821 List of Other Included Managers: NONE Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.