13F-HR 1 v321248_13f.txt 13F-HR 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: ______ This Amendment (Check only one.): [_] is a restatement. [_] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gluskin Sheff + Associates Inc. Address: Bay Adelaide Centre, Suite 5100 333 Bay Street, Toronto, ON M5H 2R2 Canada Form 13F File Number: 28-13431 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: Amy Aubin Title: Chief Compliance Officer Phone: 416-681-8013 Signature, Place, and Date of Signing: /s/ Amy Aubin Toronto, Ontario, Canada August 13, 2012 ------------------------ ------------------------ ------------------------ [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-_________________ NOT APPLICABLE [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE ---------------------- Form 13F Information Table Entry Total: 107 ---------------------- Form 13F Information Table Value Total: 710,666 (in thousands) ---------------------- List of Other Included Managers: NOT APPLICABLE 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. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name NONE 28-NONE NONE [Repeat as necessary.] GLUSKIN SHEFF + ASSOCIATES INC. U.S. SECURITY HOLDINGS
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------ ----------------- --------- -------- ------------------ ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------ ----------------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- ABBOTT LABORATORIES COM 002824100 8,534.5 129,930 SH SOLE ACCENTURE LTD. - CLASS 'A' SHS CLASS A G1151C101 13,645.9 222,890 SH SOLE ALLIANCE DATA SYSTEMS CORP COM 018581108 4,439.9 32,280 SH SOLE ALTRIA GROUP INC. COM 02209S103 9,523.0 270,530 SH SOLE AMERICAN EXPRESS COMPANY COM 025816109 1,384.2 23,340 SH SOLE AMERICAN TOWER REIT INC. COM 03027X100 23,780.8 333,870 SH SOLE ANADARKO PETROLEUM CORP. COM 032511107 2,174.5 32,240 SH SOLE ANDERSONS INC/THE COM 034164103 1,470.8 33,840 SH SOLE ANHEUSER-BUSCH INBEV SPN ADR SPONSORED ADR 03524A108 2,982.3 36,750 SH SOLE APPLE INC. COM 037833100 26,504.0 44,544 SH SOLE ASCENA RETAIL GROUP INC COM 04351G101 449.2 23,680 SH SOLE ASHLAND INC. COM 044209104 9,925.1 140,550 SH SOLE AUTOMATIC DATA PROCESSING COM 053015103 9,647.4 170,120 SH SOLE AUTONATION INC. COM 05329W102 1,335.4 37,150 SH SOLE AVAGO TECHNOLOGIES LTD SHS Y0486S104 2,156.6 58,960 SH SOLE BABCOCK & WILCOX CO/THE COM 05615F102 1,398.4 56,020 SH SOLE BEAM INC. COM 073730103 3,944.2 61,950 SH SOLE BERKSHIRE HATHAWAY INC. CL B CL B NEW 084670702 19,242.7 226,650 SH SOLE BHP BILLITON LTD-SPON ADR SPONSORED ADR 088606108 1,111.1 16,700 SH SOLE BRISTOL MYERS SQUIBB COMPANY COM 110122108 13,727.7 374,790 SH SOLE BROOKFIELD INFRASTRUCTURE P LP LP INT UNIT G16252101 23,076.3 674,690 SH SOLE BROOKFIELD RESIDENTIAL PROP.IN COM 11283W104 1,249.0 112,466 SH SOLE CABOT OIL & GAS CORP. COM 127097103 773.5 19,270 SH SOLE CAPITAL ONE FINANCIAL CORP. COM 14040H105 2,561.2 45,990 SH SOLE CARDINAL HEALTH INC. COM 14149Y108 7,526.2 175,880 SH SOLE CBS CORPORATION CL B 124857202 6,715.3 201,070 SH SOLE CINEDIGM DIGITAL CINEMA - A COM 172407108 32.6 21,351 SH SOLE CINEMARK HOLDINGS INC COM 17243V102 5,603.2 240,680 SH SOLE COMCAST CORPORATION 'A' CL A 20030N101 2,246.9 68,980 SH SOLE COMCAST CORPORATION SPECIAL A CL A SPL 20030N200 8,211.3 256,670 SH SOLE COPA HOLDINGS SA 'A' CL A P31076105 9,050.5 107,700 SH SOLE COPART INC COM 217204106 2,101.8 87,080 SH SOLE COVIDIEN PLC SHS G2554F113 7,352.6 134,890 SH SOLE DIGITAL REALTY TRUST INC COM 253868103 6,450.0 84,330 SH SOLE DST SYSTEMS INC COM 233326107 1,098.9 19,860 SH SOLE EBAY INC COM 278642103 2,506.5 58,560 SH SOLE ECOLAB INC. COM 278865100 7,440.2 106,560 SH SOLE EXPRESS SCRIPTS INC. COM 30219G108 11,105.7 195,240 SH SOLE EXXON MOBIL CORPORATION COM 30231G102 4,791.7 54,961 SH SOLE EZCORP INC. 'A' CL A NON VTG 302301106 1,221.2 51,090 SH SOLE FIRST REPUBLIC BANK/CA COM 33616C100 2,225.9 65,020 SH SOLE FLOWSERVE CORP. COM 34354P105 10,653.1 91,120 SH SOLE GENERAL GROWTH PROPERTIES COM 370023103 15,843.1 859,590 SH SOLE GENERAL MOTORS 4.75% PFD B JR PFD CNV SRB 37045V209 6,624.8 195,850 SH SOLE GLAXOSMITHKLINE PLC SPONS ADR SPONSORED ADR 37733W105 1,300.0 28,000 SH SOLE HERSHEY COMPANY COM 427866108 13,344.8 181,840 SH SOLE HOME DEPOT INC. COM 437076102 24,246.4 449,100 SH SOLE HSN INC COM 404303109 3,463.2 84,240 SH SOLE INT'L. BUSINESS MACHINES COM 459200101 13,374.4 67,118 SH SOLE INTUIT INC. COM 461202103 4,532.7 74,960 SH SOLE IPATH S&P500 VIX S/T $19 PUT 0 PUT VXX712P19 427.9 1,000 SH SOLE ISHARES COMEX GOLD TRUST ISHARES 464285105 1,745.4 110,100 SH SOLE JOHNSON & JOHNSON COM 478160104 9,930.3 144,265 SH SOLE JP MORGAN CHASE & CO. COM 46625H100 1,645.7 45,208 SH SOLE KRAFT FOODS INC - CLASS A CL A 50075N104 29,581.4 751,790 SH SOLE LKQ CORP COM 501889208 7,673.4 225,730 SH SOLE MACY'S INC COM 55616P104 3,506.7 100,200 SH SOLE MAGNUM HUNTER RESOURCES CORP COM 55973B102 891.3 209,280 SH SOLE MARATHON PETROLEUM CORP COMMON COM 56585A102 1,376.2 30,070 SH SOLE MATTEL INC. COM 577081102 4,824.5 145,970 SH SOLE MCDONALDS CORP. COM 580135101 23,586.1 261,491 SH SOLE MEAD JOHNSON NUTRITION CO. COM 582839106 9,338.0 113,840 SH SOLE MELCO CROWN ENTERTAINMENT ADR 585464100 1,725.4 147,000 SH SOLE MICROSOFT CORPORATION COM 594918104 9,276.1 297,630 SH SOLE MORGAN STANLEY CHINA A SHARE COM 617468103 2,718.1 138,300 SH SOLE MOTOROLA SOLUTIONS INCM COM NEW 620076307 9,681.3 197,510 SH SOLE NATIONAL OILWELL VARCO INC. COM 637071101 3,060.8 46,620 SH SOLE NORFOLK SOUTHERN CORP. COM 655844108 15,412.1 210,770 SH SOLE OAKTREE CAPITAL GROUP LLC UNIT 99/99/9999 674001201 6,340.3 176,041 SH SOLE OASIS PETROLEUM INC. COM 674215108 1,125.1 45,670 SH SOLE PFIZER INC. COM 717081103 15,408.1 657,526 SH SOLE PHILIP MORRIS INT'L INC. COM 718172109 2,754.3 30,980 SH SOLE PHILLIPS 66 COM 718546104 802.3 23,690 SH SOLE POLARIS INDUSTRIES, INC. COM 731068102 6,515.1 89,460 SH SOLE PROSHARES SHORT S&P500 PSHS SHRT S&P500 74347R503 200.6 5,400 SH SOLE QUALCOMM INC. COM 747525103 1,295.1 22,830 SH SOLE RANGE RESOURCES CORP COM 75281A109 4,892.9 77,620 SH SOLE REINSURANCE GROUP OF AMERICA A COM NEW 759351604 915.1 16,879 SH SOLE RESEARCH IN MOTION COM 760975102 842.2 111,860 SH SOLE REX ENERGY CORP. COM 761565100 1,653.7 144,790 SH SOLE RIO TINTO PLC - SPON ADR SPONSORED ADR 767204100 1,169.1 24,000 SH SOLE RUTH'S HOSPITALITY GROUP INC. COM 783332109 503.5 74,870 SH SOLE SANCHEZ ENERGY CORP. COM 79970Y105 1,428.6 67,414 SH SOLE SM ENERGY CO. COM 78454L100 1,387.0 27,720 SH SOLE SOUTHWEST AIRLINES CO. COM 844741108 3,427.9 364,910 SH SOLE SPDR GOLD TRUST GOLD SHS 78463V107 1,111.9 7,032 SH SOLE SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 196.1 13,960 SH SOLE STARBUCKS CORP. COM 855244109 17,902.3 329,540 SH SOLE TARGET CORP. COM 87612E106 12,166.8 205,220 SH SOLE TEVA PHARMACEUTICAL INDS.ADR ADR 881624209 843.9 21,000 SH SOLE THE CARLYLE GROUP COM UTS LTD PTN 14309L102 1,197.5 52,400 SH SOLE TIME WARNER INC. COM NEW 887317303 9,678.9 246,750 SH SOLE TORCHMARK CORP COM 891027104 2,815.1 54,660 SH SOLE TORO CO COM 891092108 6,586.8 88,210 SH SOLE TYCO INTERNATIONAL LTD. SHS H89128104 13,927.3 258,650 SH SOLE ULTRA PETROLEUM CORP. COM 903914109 983.7 41,850 SH SOLE VIACOM INC. 'B' CL B 92553P201 9,167.8 191,370 SH SOLE VODAFONE GROUP PLC SP ADR SPONS ADR NEW 92857W209 21,689.0 755,420 SH SOLE VORNADO REALTY TRUST SH BEN INT 929042109 11,077.8 129,470 SH SOLE WAL-MART STORES INC. COM 931142103 4,898.2 68,955 SH SOLE WALT DISNEY CO. COM DISNEY 254687106 12,540.8 253,790 SH SOLE WALTER ENERGY INC. COM 93317Q105 753.2 16,740 SH SOLE WATERS CORP. COM 941848103 1,779.7 21,980 SH SOLE WILLIAMS COS INC COM 969457100 12,153.1 413,890 SH SOLE WPX ENERGY INC. COM 98212B103 1,918.7 116,390 SH SOLE WYNN RESORTS LTD. COM 983134107 14,203.8 134,410 SH SOLE YAHOO! INC. COM 984332106 1,911.7 118,530 SH SOLE $ VALUE (IN THOUSANDS) 710,666 # SECURITIES 107