13F-HR 1 co13f033103.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: March 31, 2003 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 5/5/2003 [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 Market Shares Investment Item 7: Item 8: Name of of CUSIP Value or PrincipalDiscretion Managers Voting Authority Issuer Class Number (in thousands) Amount (a)Sole See Instr.V(a)Sole (b)Shared (c)None Abbott Laboratories COM 002824100 $29,983 797,200 797,200 797,200 ACE Limited ORD G0070K103 $7,640 263,890 263,890 36,390 227,500 Accenture Ltd CL A G1150G111 $16,218 1,046,300 1,046,300 1,046,300 Affiliated Computer Services, CL A 008190100 $3,320 75,000 75,000 75,000 Alberto-Culver Company CL A 013068200 $62,541 1,304,290 1,304,290 21,690 1,282,600 Allergan, Inc. COM 018490102 $4,434 65,000 65,000 65,000 American International Group, COM 026874107 $59 1,203 1,203 1,203 Arthur J. Gallagher & Co. COM 363576109 $6,864 279,600 279,600 29,600 250,000 Affiliated Managers Group COM 008252108 $45,478 1,094,000 1,094,000 1,094,000 AmerUs Group Co. COM 03072M108 $2,132 86,890 86,890 36,790 50,100 American National Insurance CoCOM 028591105 $390 5,000 5,000 5,000 Apogent Technologies Inc. COM 03760A101 $41,740 2,862,810 2,862,810 56,910 2,805,900 Apache Corporation COM 037411105 $5,802 93,975 93,975 93,975 Anadarko Petroleum CorporationCOM 032511107 $501 11,000 11,000 11,000 Applebee's International, Inc.COM 037899101 $1,262 45,000 45,000 45,000 AptarGroup, Inc. COM 038336103 $4,167 128,800 128,800 36,300 92,500 Axcan Pharma Inc. COM 054923107 $1,058 102,100 102,100 2,000 100,100 American Express Company COM 025816109 $36,553 1,100,000 1,100,000 1,100,000 AutoZone, Inc. COM 053332102 $27,484 400,000 400,000 400,000 Baxter International Inc. COM 071813109 $24,991 1,340,700 1,340,700 1,340,700 Bruker AXS, Inc. COM 11679P101 $293 219,000 219,000 4,000 215,000 Biotech HOLDRS Trust DEPOSTRY RCPTS D09067201 $4,756 51,000 51,000 51,000 Black Box Corporation COM 091826107 $1,947 65,700 65,700 18,200 47,500 BEA Systems, Inc. COM 073325102 $2,390 234,500 234,500 7,000 227,500 W. R. Berkley Corporation COM 084423102 $54,070 1,261,850 1,261,850 8,850 1,253,000 Biogen, Inc. COM 090597105 $2,996 100,000 100,000 100,000 BJ Services Company COM 055482103 $3,439 100,000 100,000 100,000 Biolase Technology, Inc. COM 090911108 $264 32,200 32,200 32,200 Biomet, Inc. COM 090613100 $5,367 175,100 175,100 20,100 155,000 Bemis Company, Inc. COM 081437105 $4,172 99,200 99,200 6,200 93,000 Bristol-Myers Squibb Company COM 110122108 $16,999 804,500 804,500 34,500 770,000 Business Objects S.A. SPONSORED ADR 12328X107 $899 55,000 55,000 55,000 Brady Corporation CL A 104674106 $141 5,000 5,000 5,000 Berkshire Hathaway Inc.-Cl A CL A 084670108 $100,102 1,569 1,569 1,569 Brown & Brown, Inc. COM 115236101 $3,845 122,800 122,800 29,000 93,800 Biosite Incorporated COM 090945106 $1,037 27,000 27,000 27,000 Boston Scientific Corporation COM 101137107 $3,872 95,000 95,000 95,000 Baylake Corp. COM 072788102 $817 61,000 61,000 61,000 Cardinal Health, Inc. COM 14149Y108 $40,839 716,851 716,851 21,212 695,639 Commerce Bancorp, Inc. COM 200519106 $795 20,000 20,000 20,000 Clear Channel Communications, COM 184502102 $54,705 1,612,765 1,612,765 31,800 1,580,965 CDW Computer Centers, Inc. COM 125129106 $3,876 95,000 95,000 95,000 Concord EFS, Inc. COM 206197105 $22,203 2,362,000 2,362,000 58,500 2,303,500 CEC Entertainment, Inc. COM 125137109 $952 35,000 35,000 35,000 Charter One Financial, Inc. COM 160903100 $624 22,575 22,575 1,575 21,000 Community First Bankshares, InCOM 203902101 $447 17,500 17,500 17,500 Check Point Software TechnologORD M22465104 $4,276 295,540 295,540 35,240 260,300 C.H. Robinson Worldwide, Inc. COM 12541W100 $1,799 55,000 55,000 55,000 Cincinnati Financial CorporatiCOM 172062101 $73 2,082 2,082 2,082 CLARCOR Inc. COM 179895107 $362 10,000 10,000 10,000 Central Parking Corporation COM 154785109 $9,000 900,000 900,000 900,000 ChoicePoint Inc. COM 170388102 $6,318 186,365 186,365 186,365 Correctional Properties Trust COM 22025E104 $138 6,700 6,700 6,700 Charles River Laboratories IntCOM 159864107 $574 22,500 22,500 22,500 Cryolife, Inc. COM 228903100 $537 78,400 78,400 78,400 Cintas Corporation COM 172908105 $23,436 712,350 712,350 19,500 692,850 CenturyTel, Inc. COM 156700106 $414 15,000 15,000 15,000 CUNO Incorporated COM 126583103 $1,201 35,700 35,700 700 35,000 CVS Corporation COM 126650100 $32,639 1,368,506 1,368,506 34,358 1,334,148 Cyberonics, Inc. COM 23251P102 $1,512 70,700 70,700 70,700 Donaldson Company, Inc. COM 257651109 $402 11,000 11,000 11,000 Dollar General Corporation COM 256669102 $41,498 3,398,715 3,398,715 69,715 3,329,000 Walt Disney Company (The) COM 254687106 $136 8,000 8,000 8,000 EchoStar Communications CorporCL A 278762109 $4,514 156,300 156,300 156,300 DeVry Inc. COM 251893103 $1,120 60,000 60,000 60,000 DaVita, Inc. COM 23918K108 $124 5,967 5,967 1,700 4,267 Engineered Support Systems, InCOM 292866100 $1,175 30,000 30,000 30,000 Brinker International, Inc. COM 109641100 $1,495 49,000 49,000 12,000 37,000 EMC Corporation COM 268648102 $2,494 345,000 345,000 345,000 Emmis Communications CorporatiCL A 291525103 $1,106 65,500 65,500 700 64,800 Emerson Electric Co. COM 291011104 $295 6,500 6,500 1,000 5,500 Entegris Inc. COM 29362U104 $1,135 114,000 114,000 5,000 109,000 Corporate Executive Board CompCOM 21988R102 $534 15,000 15,000 15,000 Expeditors International of WaCOM 302130109 $3,775 105,000 105,000 105,000 Fastenal Company COM 311900104 $4,369 155,000 155,000 155,000 Family Dollar Stores, Inc. COM 307000109 $2,470 80,000 80,000 80,000 First Health Group Corp. COM 320960107 $5,215 205,000 205,000 205,000 Fiserv, Inc. COM 337738108 $11,407 362,362 362,362 16,425 345,937 Fifth Third Bancorp COM 316773100 $67,939 1,354,982 1,354,982 11,219 1,343,763 FLIR Systems, Inc. COM 302445101 $2,536 53,500 53,500 2,500 51,000 Firstmerit Corporation COM 337915102 $350 19,000 19,000 19,000 Freddie Mac COM 313400301 $106 2,000 2,000 2,000 Fresh Brands, Inc. COM 35803U108 $1,288 97,200 97,200 97,200 Forest Laboratories, Inc. COM 345838106 $3,589 66,500 66,500 66,500 General Dynamics Corporation COM 369550108 $35,796 650,000 650,000 650,000 Guidant Corporation COM 401698105 $64,863 1,791,800 1,791,800 32,300 1,759,500 Graco, Inc. COM 384109104 $3 100 100 100 General Mills, Inc. COM 370334104 $364 8,000 8,000 8,000 General Motors Corporation - CCL H NEW 370442832 $45,375 4,051,330 4,051,330 66,730 3,984,600 Genuine Parts Company COM 372460105 $352 11,550 11,550 11,550 GlobalSanteFe Corporation COM G3930E101 $2,272 110,000 110,000 110,000 W.W. Grainger, Inc. COM 384802104 $292 6,800 6,800 800 6,000 Hub International Limited COM 44332P101 $1,049 77,900 77,900 5,600 72,300 HCC Insurance Holdings, Inc. COM 404132102 $3,251 127,200 127,200 2,200 125,000 Home Depot, Inc. (The) COM 437076102 $31,032 1,273,900 1,273,900 23,900 1,250,000 Harley-Davidson, Inc. COM 412822108 $2,804 70,600 70,600 70,600 Hancock Fabrics, Inc. COM 409900107 $278 20,000 20,000 20,000 Health Management Associates, CL A 421933102 $62,147 3,270,910 3,270,910 2,990 3,267,920 Harvest Natural Resources, IncCOM 41754V103 $340 70,000 70,000 70,000 H&R Block, Inc. COM 093671105 $55,497 1,300,000 1,300,000 1,300,000 Hilb, Rogal and Hamilton CompaCOM 431294107 $325 10,400 10,400 400 10,000 Hormel Foods Corporation COM 440452100 $17,465 825,000 825,000 40,000 785,000 Harris Corporation COM 413875105 $6,540 235,500 235,500 15,500 220,000 IPC Holdings, Ltd. ORD G4933P101 $1,685 56,000 56,000 1,000 55,000 Interpublic Group of CompaniesCOM 460690100 $22,693 2,440,110 2,440,110 40,110 2,400,000 International Rectifier CorporCOM 460254105 $2,852 145,000 145,000 145,000 International Speedway CorporaCL A 460335201 $11,995 299,426 299,426 2,500 296,926 International Speedway CorporaCL B 460335300 $3,960 100,000 100,000 100,000 Intersil Corporation CL A 46069S109 $731 47,000 47,000 47,000 Illinois Tool Works Inc. COM 452308109 $407 7,000 7,000 7,000 Invitrogen Corporation COM 46185R100 $306 10,000 10,000 10,000 iShares Russell 2000 Index FunRUSSELL 200 464287655 $137 1,900 1,900 1,900 Jabil Circuit, Inc. COM 466313103 $4,422 252,700 252,700 22,700 230,000 Johnson Controls, Inc. COM 478366107 $507 7,000 7,000 7,000 J. C. Penney Company, Inc. COM 708160106 $2,530 128,800 128,800 8,800 120,000 Keane, Inc. COM 486665102 $3,215 393,000 393,000 10,000 383,000 King Pharmaceuticals, Inc. COM 495582108 $4,320 362,100 362,100 55,700 306,400 Kinder Morgan Management, LLC SHS 49455U100 $54,338 1,679,686 1,679,686 1,679,686 Kos Pharmaceuticals, Inc. COM 500648100 $1,572 90,000 90,000 90,000 The Kroger Co. COM 501044101 $28,166 2,141,900 2,141,900 41,900 2,100,000 Kohl's Corporation COM 500255104 $3,797 67,100 67,100 67,100 Liberty Media Corporation COM LIB GRP A 001957208 $64,079 6,585,681 6,585,681 130,406 6,455,275 Lamar Advertising Company CL A 512815101 $6,121 208,540 208,540 3,540 205,000 Lancaster Colony Corporation COM 513847103 $652 17,000 17,000 17,000 Eli Lilly and Company COM 532457108 $24,289 425,000 425,000 425,000 Legg Mason, Inc. COM 524901105 $4,630 95,000 95,000 95,000 LifePoint Hospitals, Inc. COM 53219L109 $1,256 50,000 50,000 50,000 LSI Logic Corporation COM 502161102 $2,130 471,190 471,190 91,190 380,000 La-Z-Boy Incorporated COM 505336107 $9 500 500 500 Manpower Inc. COM 56418H100 $37,323 1,249,100 1,249,100 33,100 1,216,000 Mathews International CorporatCL A 577128101 $1,408 60,800 60,800 60,800 McDonald's Corporation COM 580135101 $17 1,200 1,200 1,200 Microchip Technology IncorporaCOM 595017104 $3,856 193,750 193,750 193,750 Mercury General Corporation COM 589400100 $68,446 1,803,590 1,803,590 21,590 1,782,000 Molecular Devices Corp. COM 60851C107 $393 32,500 32,500 32,500 Medtronic, Inc. COM 585055106 $42,338 938,334 938,334 2,138 936,196 MDU Resources Group, Inc. COM 552690109 $2,652 95,000 95,000 95,000 Marshall & Ilsley Corporation COM 571834100 $59,681 2,334,926 2,334,926 30,800 2,304,126 Marsh & McLennan Companies, InCOM 571748102 $341 8,000 8,000 8,000 Molex Incorporated CL A 608554200 $2,023 110,000 110,000 110,000 Merck & Co., Inc. COM 589331107 $427 7,800 7,800 800 7,000 Medicis Pharmaceutical CorporaCL A NEW 584690309 $2,224 40,000 40,000 40,000 MGIC Investment Corporation COM 552848103 $4,257 108,400 108,400 15,900 92,500 Nabors Industries, Ltd. COM G6359F103 $1,316 33,000 33,000 33,000 National Commerce Financial CoCOM 63545P104 $4,541 191,600 191,600 46,600 145,000 New England Business Service, COM 643872104 $461 18,000 18,000 18,000 Nationwide Financial Services,CL A 638612101 $5,594 229,560 229,560 37,760 191,800 National Health Realty, Inc. COM 635905102 $1,351 101,400 101,400 101,400 Office Depot, Inc. COM 676220106 $16,148 1,365,000 1,365,000 1,365,000 O'Reilly Automotive, Inc. COM 686091109 $45,460 1,677,500 1,677,500 37,500 1,640,000 Outback Steakhouse, Inc. COM 689899102 $27,641 781,270 781,270 31,270 750,000 Plum Creek Timber Company, IncCOM 729251108 $540 25,000 25,000 25,000 Patterson Dental Company COM 703412106 $2,701 58,800 58,800 58,800 Pride International, Inc. COM 74153Q102 $789 58,500 58,500 1,000 57,500 PepsiCo, Inc. COM 713448108 $32 800 800 800 P.F. Chang's China Bistro, IncCOM 69333Y108 $370 10,000 10,000 10,000 Pfizer Inc. COM 717081103 $35,251 1,131,300 1,131,300 21,300 1,110,000 Priority Healthcare CorporatioCL B 74264T102 $13,903 521,700 521,700 46,300 475,400 Pier 1 Imports, Inc. COM 720279108 $1,248 78,700 78,700 6,000 72,700 Protective Life Corporation COM 743674103 $69,986 2,451,340 2,451,340 31,440 2,419,900 American Italian Pasta CompanyCL A 027070101 $56 1,300 1,300 1,300 Plantronics, Inc. COM 727493108 $24,803 1,697,700 1,697,700 54,800 1,642,900 Plexus Corp. COM 729132100 $560 61,200 61,200 1,200 60,000 Pentair, Inc. COM 709631105 $460 13,000 13,000 13,000 Panera Bread Company CL A 69840W108 $671 22,000 22,000 22,000 PartnerRe Ltd. COM G6852T105 $4,156 82,700 82,700 12,700 70,000 Province Healthcare Company COM 743977100 $2,570 290,450 290,450 66,350 224,100 Pericom Semiconductor CorporatCOM 713831105 $1,547 198,900 198,900 198,900 Platinum Underwriters HoldingsCOM G7127P100 $1,174 46,300 46,300 800 45,500 Nasdaq-100 Index Tracking StocUNIT SER 1 631100104 $73 2,900 2,900 2,900 Renal Care Group, Inc. COM 759930100 $61,339 1,967,240 1,967,240 33,590 1,933,650 Everest Re Group, Ltd. COM G3223R108 $4,663 81,500 81,500 81,500 Resources Connection, Inc. COM 76122Q105 $1,149 54,000 54,000 4,000 50,000 Respironics, Inc. COM 761230101 $5,520 160,600 160,600 600 160,000 Robert Half International Inc.COM 770323103 $3,139 235,850 235,850 20,850 215,000 ARAMARK Corporation-Class B CL B 038521100 $5,404 236,000 236,000 20,000 216,000 Radio One, Inc. CL A 75040P108 $748 56,500 56,500 1,500 55,000 Rayovac Corporation COM 755081106 $1,040 95,890 95,890 20,290 75,600 RPM International, Inc. COM 749685103 $623 59,312 59,312 17,312 42,000 IMS Health Incorporated COM 449934108 $6,274 401,900 401,900 51,900 350,000 SAFECO Corporation COM 786429100 $4,686 134,000 134,000 134,000 Salem Communications CorporatiCL A 794093104 $921 56,500 56,500 56,500 Asia Satellite TelecommunicatiSPONSORED ADR 04516X106 $1,586 123,900 123,900 5,600 118,300 SBC Communications Inc. COM 78387G103 $648 32,300 32,300 32,300 Starbucks Corporation COM 855244109 $1,159 45,000 45,000 45,000 SunGard(R) Data Systems Inc. COM 867363103 $4,580 215,000 215,000 215,000 Schering-Plough Corporation COM 806605101 $410 23,000 23,000 7,000 16,000 Shire Pharmaceuticals Group PLSPONSORED ADR 82481R106 $11,315 610,643 610,643 52,217 558,426 The J. M. Smucker Company COM 832696306 $1,370 39,176 39,176 39,176 Standard Motor SB DB CV 6.75%09853666AB $334,000 4,000,000 4,000,000 4,000,000 Sola International Inc. COM 834092108 $1,323 107,000 107,000 107,000 Constellation Brands, Inc.-ClaCL A 21036P108 $17,434 768,000 768,000 15,000 753,000 SureBeam Corporation CL A 86866R102 $351 99,927 99,927 3,213 96,714 ServiceMaster Company (The) COM 81760N109 $1,510 150,980 150,980 98,980 52,000 SUPERVALU INC. COM 868536103 $465 30,000 30,000 2,000 28,000 Sypris Solutions, Inc. COM 871655106 $1,005 127,600 127,600 7,600 120,000 Travelers Property Casualty CoCL A 89420G109 $93 6,600 6,600 6,600 Taro Pharmaceutical IndustriesORD M8737E108 $2,312 60,400 60,400 400 60,000 Tech Data Corporation COM 878237106 $599 25,000 25,000 25,000 Techne Corporation COM 878377100 $310 15,000 15,000 15,000 TESSCO Technologies IncorporatCOM 872386107 $1,805 247,300 247,300 4,400 242,900 Teleflex Incorporated COM 879369106 $1,492 41,800 41,800 16,800 25,000 Target Corporation COM 87612E106 $4,872 166,500 166,500 21,500 145,000 Thoratec Corporation COM NEW 885175307 $879 69,300 69,300 9,300 60,000 TJX Companies, Inc. COM 872540109 $23,760 1,350,000 1,350,000 1,350,000 Too, Inc. COM 890333107 $344 20,700 20,700 700 20,000 Total Renal Care Holdings Inc.SUB NT CONV 7%0989151AAC1 $303,375 3,000,000 3,000,000 3,000,000 Titan Corporation (The) COM 888266103 $1,442 193,600 193,600 4,600 189,000 Texas Instruments IncorporatedCOM 882508104 $157 9,600 9,600 9,600 United Auto Group, Inc. COM 909440109 $763 64,900 64,900 64,900 Universal Health Services, IncCL B 913903100 $39,179 960,980 960,980 22,080 938,900 USA Interactive COM 902984103 $55,107 2,057,010 2,057,010 57,310 1,999,700 U.S. Bancorp COM NEW 902973304 $475 25,000 25,000 25,000 Valspar Corporation (The) COM 920355104 $149 3,650 3,650 3,650 Vulcan Materials Company COM 929160109 $124 4,110 4,110 4,110 Vishay Intertechnology, Inc. COM 928298108 $27,285 2,680,290 2,680,290 79,590 2,600,700 Verizon Communications COM 92343V104 $341 9,655 9,655 9,655 Walgreen Co. COM 931422109 $22,603 766,710 766,710 16,710 750,000 Winstar Communications, Inc. COM 975515107 $0 3,000 3,000 3,000 Waddell & Reed Financial, Inc.CL A 930059100 $761 43,340 43,340 43,340 Wendy's International, Inc. COM 950590109 $3,912 142,200 142,200 7,200 135,000 Wells Fargo & Company COM 949746101 $81 1,800 1,800 1,800 WellPoint Health Networks, IncCOM 94973H108 $34,538 450,000 450,000 450,000 Washington Mutual, Inc. COM 939322103 $48,528 1,375,900 1,375,900 23,900 1,352,000 Wright Medical Group, Inc. COM 98235T107 $1,139 65,000 65,000 65,000 Willis Group Holdings Limited SHS G96655108 $9,003 325,000 325,000 3,000 322,000 Wyeth COM 983024100 $30,483 806,000 806,000 806,000 XL Capital Ltd. CL A G98255105 $354 5,000 5,000 5,000 DENTSPLY International Inc. COM 249030107 $18,926 544,000 544,000 14,000 530,000 Yankee Candle Company, Inc. (TCOM 984757104 $942 55,300 55,300 4,200 51,100 Yum! Brands, Inc. COM 895953107 $32,116 1,320,000 1,320,000 1,320,000 Zebra Technologies CorporationCL A 989207105 $4,508 70,000 70,000 70,000 -------------- $3,110,862 ==============
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 232 Form 13F Information Table Value Total (thousands): $3,110,862 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.