GANNETT WELSH & KOTLER Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 230
New Positions 7
Increased Positions 149
Decreased Positions 77
Positions with Activity 226
Sold Out Positions 13
Total Mkt Value (in $ millions) 4,207

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

Sector Weighting

Basic Materials 7.38%
Capital Goods 7.08%
Conglomerates
Consumer Cyclical 4.75%
Consumer/Non-Cyclical 3.58%
Energy 4.37%
Financial 15.77%
Healthcare 8.66%
Services 21.92%
Technology 19.67%
Transportation 3.46%
Utilities 3.29%

149 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MARKETAXESS HLDGS INC COM 81,302 3,149 4.03 968,111
TYLER TECHNOLOGIES INC COM 79,602 1,924 2.48 667,354
WEST PHARMACEUTICAL SVSC INC COM 68,408 1,926 2.90 1,172,174
AMERICAN CAMPUS CMNTYS INC COM 66,732 2,585 4.03 1,585,836
COGNEX CORP COM 66,533 7,378 12.47 1,367,303
CORPORATE EXECUTIVE BRD CO COM 58,798 1,952 3.43 745,792
RYLAND GROUP INC COM 57,944 2,336 4.20 1,202,661
NATIONAL HEALTH INVS INC COM 57,760 2,036 3.65 819,296
ICU MED INC COM 53,463 1,104 2.11 579,420
GROUP 1 AUTOMOTIVE INC COM 51,831 1,923 3.85 608,275
HEARTLAND EXPRESS INC COM 51,225 1,387 2.78 2,177,923
TORO CO COM 50,846 2,355 4.86 734,663
KAPSTONE PAPER & PACKAGING CRP COM 48,441 2,456 5.34 1,519,470
RITCHIE BROS AUCTIONEERS COM 44,665 1,894 4.43 1,777,362
GLACIER BANCORP INC NEW COM 44,560 1,529 3.55 1,799,684
IBERIABANK CORP COM 43,039 1,098 2.62 694,295
PROTO LABS INC COM 42,997 3,740 9.53 612,321
POWER INTEGRATIONS INC COM 42,890 1,397 3.37 816,168
HIBBETT SPORTS INC COM 41,402 529 1.29 839,797
TUMI HLDGS INC COM 40,685 7,247 21.67 1,698,732