GANNETT WELSH & KOTLER Information

222 BERKELEY ST SUITE 1500, BOSTON, Massachusetts, 02116, (617) 236-8900

Report Date: 09/30/2014

Position Statistics

Total Positions 234
New Positions 9
Increased Positions 178
Decreased Positions 49
Positions with Activity 227
Sold Out Positions 9
Total Mkt Value (in $ millions) 4,008

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 7.3%
Capital Goods 6.33%
Conglomerates
Consumer Cyclical 4.37%
Consumer/Non-Cyclical 3.58%
Energy 4.76%
Financial 15.47%
Healthcare 9.75%
Services 22.15%
Technology 19.22%
Transportation 3.37%
Utilities 3.66%

234 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
TYLER TECHNOLOGIES INC COM 72,097 1,874 2.67 651,220
GRAND CANYON ED INC COM 70,768 1,523 2.20 1,519,273
CLECO CORP NEW COM 66,999 1,371 2.09 1,225,073
MARKETAXESS HLDGS INC COM 65,199 -7,303 (10.07) 930,619
MIDDLEBY CORP COM 63,604 942 1.50 681,274
WEST PHARMACEUTICAL SVSC INC COM 61,732 6,058 10.88 1,139,168
AMERICAN CAMPUS CMNTYS INC COM 61,281 13,409 28.01 1,524,407
FEI CO COM 57,596 837 1.48 651,245
HEARTLAND EXPRESS INC COM 55,622 617 1.12 2,118,939
BLACKBAUD INC COM 55,100 1,999 3.76 1,266,662
NATIONAL HEALTH INVS INC COM 53,621 1,243 2.37 790,411
CORPORATE EXECUTIVE BRD CO COM 51,605 1,146 2.27 721,038
TEXAS ROADHOUSE INC COM 51,233 582 1.15 1,562,942
GROUP 1 AUTOMOTIVE INC COM 51,232 -9,907 (16.2) 585,712
NORTHWESTERN CORP COM NEW 48,601 312 .65 904,381
COGNEX CORP COM 48,311 380 .79 1,215,680
PEBBLEBROOK HOTEL TR COM 47,350 325 .69 1,040,883
ICU MED INC COM 47,145 511 1.10 567,460
GLACIER BANCORP INC NEW COM 46,786 698 1.51 1,737,951
STIFEL FINL CORP COM 46,714 640 1.39 919,023