UNITED 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, 2013
Check here if Amendment [ ]; Amendment Number:
The Amendment (check only one): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment manager Filing this Report:
Name: Select Equity Group, Inc.
Address: 380 Lafayette St., 6th Floor
New York, NY 10003
13F File Number:
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: James R. Berman
Title: Chief Operating Officer
Phone: 212-475-8335
Signature, place and date of signing:
New York, New York May 15, 2013
Report Type (check only one):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
FORM 13F SUMMARY PAGE
Select Equity Group, Inc.
Report Summary:
Number of Other Included managers: 1
Form 13F Information Table Entry Total: 167
Form 13F Information Table Value Total: $ 7,500,656 (Thousands)
List of Other Included Managers:
Select Offshore Advisors, LLC
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
51Job Inc - ADR JOBS SP ADR REP COM 316827104 4,648 78,241 SH Sole 78,241
Airgas Inc ARG COM 009363102 111,002 1,119,419 SH Sole 1,034,176 85,243
Airgas Inc ARG COM 009363102 36,246 365,529 SH Defined 01 365,529
American International Group COM NEW 026874784 14,339 369,365 SH Sole 303,775 65,590
American International Group COM NEW 026874784 9,281 239,070 SH Defined 01 239,070
Ametek Inc. AME COM 031100100 95,346 2,198,946 SH Sole 2,050,808 148,138
Ametek Inc. AME COM 031100100 32,022 738,505 SH Defined 01 738,505
Amphenol Corporation CL A 032095101 127,243 1,704,524 SH Sole 1,578,601 125,923
Amphenol Corporation CL A 032095101 42,364 567,495 SH Defined 01 567,495
Autozone Inc AZO COM 053332102 5,121 12,906 SH Sole 12,906
Autozone Inc AZO COM 053332102 1,990 5,015 SH Defined 01 5,015
Banco Santander SA - SPON ADR ADR 05964H105 4,323 634,807 SH Sole 634,807
Berry Plastics Group Inc BER COM 08579W103 51,074 2,681,073 SH Sole 2,202,458 478,615
Berry Plastics Group Inc BER COM 08579W103 33,118 1,738,477 SH Defined 01 1,738,477
Blackstone Group The COM UNIT LTD 09253U108 63,569 3,213,803 SH Sole 3,213,803
Blackstone Group The COM UNIT LTD 09253U108 15,666 792,000 SH CALL Sole 640,000 152,000
Blackstone Group The COM UNIT LTD 09253U108 131,161 6,631,000 SH CALL Sole 6,631,000
Blackstone Group The COM UNIT LTD 09253U108 10,691 540,500 SH CALL Defined 01 540,500
Blackstone Group The COM UNIT LTD 09253U108 98,148 4,962,000 SH CALL Defined 01 4,962,000
Blount International BLT COM 095180105 15,631 1,168,208 SH Sole 1,081,341 86,867
Blount International BLT COM 095180105 5,123 382,856 SH Defined 01 382,856
Bright Horizons Family Solutio COM AD109194100 6,676 197,565 SH Sole 162,360 35,205
Bright Horizons Family Solutio COM AD109194100 4,306 127,435 SH Defined 01 127,435
Brookdale Sr Living Inc BKD COM 112463104 8,482 304,244 SH Sole 239,564 64,680
Brookdale Sr Living Inc BKD COM 112463104 4,332 155,367 SH Defined 01 155,367
Brookfield Asset Management CL A LTD VT SH 112585104 146,899 4,025,732 SH Sole 3,727,977 297,755
Brookfield Asset Management CL A LTD VT SH 112585104 43,395 1,189,221 SH Defined 01 1,189,221
Bruker Corporation BRKR COM 116794108 15,279 799,949 SH Sole 799,949
Bruker Corporation BRKR COM 116794108 16,406 858,974 SH Defined 01 858,974
C.H. Robinson Worldwide Inc COM NEW 12541W209 9,693 163,009 SH Sole 163,009
C.H. Robinson Worldwide Inc COM NEW 12541W209 3,761 63,251 SH Defined 01 63,251
CBRE Group Inc CBG CL A 12504L109 186,706 7,394,280 SH Sole 6,563,717 830,563
CBRE Group Inc CBG CL A 12504L109 88,520 3,505,753 SH Defined 01 3,505,753
Cabela's Inc CAB COM 126804301 5,558 91,451 SH Sole 91,451
Cabela's Inc CAB COM 126804301 5,094 83,815 SH Defined 01 83,815
Central European Media Ent-A CL A NEW G20045202 2,990 708,599 SH Sole 708,599
Central European Media Ent-A CL A NEW G20045202 2,910 689,670 SH Defined 01 689,670
Chubb Corp CB COM 171232101 6,462 73,831 SH Sole 73,831
Chubb Corp CB COM 171232101 4,331 49,475 SH Defined 01 49,475
Coach Inc COH COM 189754104 6,474 129,500 SH Sole 117,800 11,700
Coach Inc COH COM 189754104 6,394 127,900 SH Defined 01 127,900
Danaher Corporation DHR COM 235851102 78,819 1,268,208 SH Sole 1,116,365 151,843
Danaher Corporation DHR COM 235851102 49,570 797,586 SH Defined 01 797,586
Dentsply International Inc X COM 249030107 171,305 4,036,416 SH Sole 3,724,484 311,932
Dentsply International Inc X COM 249030107 52,599 1,239,368 SH Defined 01 1,239,368
ETrade Financial Corp ETFC COM NEW 269246401 85,884 8,019,035 SH Sole 6,518,340 1,500,695
ETrade Financial Corp ETFC COM NEW 269246401 53,357 4,981,988 SH Defined 01 4,981,988
Expeditors Intl Wash Inc EXP COM 302130109 4,759 133,182 SH Sole 133,182
Expeditors Intl Wash Inc EXP COM 302130109 1,854 51,877 SH Defined 01 51,877
Factset Research Systems Inc COM 303075105 9,006 97,252 SH Sole 97,252
Factset Research Systems Inc COM 303075105 7,929 85,625 SH Defined 01 85,625
First Republic Bank FRC COM 33616C100 84,328 2,183,536 SH Sole 2,026,643 156,893
First Republic Bank FRC COM 33616C100 32,449 840,200 SH Defined 01 840,200
Firstservice Corporation-VTG SUB VTG SH 33761N109 13,927 417,971 SH Sole 417,971
Firstservice Corporation-VTG SUB VTG SH 33761N109 12,945 388,492 SH Defined 01 388,492
Fortress Investment Group-Cl A CL A 34958B106 5,939 928,030 SH Sole 928,030
Garmin Ltd GRMN SHS h2906t109 98,370 2,976,399 SH Sole 2,771,776 204,623
Garmin Ltd GRMN SHS h2906t109 32,774 991,634 SH Defined 01 991,634
Harley-Davidson Inc. HOG COM 412822108 198,402 3,722,367 SH Sole 3,450,018 272,349
Harley-Davidson Inc. HOG COM 412822108 67,955 1,274,957 SH Defined 01 1,274,957
Heico Corp HEI COM 422806109 55,742 1,284,087 SH Sole 1,197,536 86,551
Heico Corp HEI COM 422806109 24,904 573,696 SH Defined 01 573,696
Henry Schein HSIC COM 806407102 22,802 246,379 SH Sole 202,223 44,156
Henry Schein HSIC COM 806407102 14,859 160,549 SH Defined 01 160,549
IHS Inc Class A IHS CL A 451734107 115,906 1,106,819 SH Sole 1,021,846 84,973
IHS Inc Class A IHS CL A 451734107 35,712 341,027 SH Defined 01 341,027
ITT Educational Services ESI COM 45068B109 32,213 2,337,659 SH Sole 1,951,871 385,788
ITT Educational Services ESI COM 45068B109 22,436 1,628,124 SH Defined 01 1,628,124
ITT Educational Services ESI COM 45068B109 4,100 297,500 SH CALL Sole 297,500
ITT Educational Services ESI COM 45068B109 3,107 225,500 SH CALL Defined 01 225,500
Iberiabank Corp IBKC COM 450828108 3,052 61,025 SH Sole 61,025
Iberiabank Corp IBKC COM 450828108 3,406 68,090 SH Defined 01 68,090
Intl Speedway Corp CL A ISCA CL A 460335201 9,452 289,220 SH Sole 289,220
Intl Speedway Corp CL A ISCA CL A 460335201 10,038 307,172 SH Defined 01 307,172
Intuit Inc INTU COM 461202103 49,598 755,372 SH Sole 755,372
Intuit Inc INTU COM 461202103 32,248 491,133 SH Defined 01 491,133
Istar Financial Inc sfi COM 45031U101 1,310 120,255 SH Sole 120,255
KKR & Co Lp KKR COM UNITS 48248M102 18,747 970,345 SH Sole 970,345
KKR & Co Lp KKR COM UNITS 48248M102 24,403 1,263,100 SH CALL Sole 1,117,500 145,600
KKR & Co Lp KKR COM UNITS 48248M102 3,217 166,500 SH CALL Sole 166,500
KKR & Co Lp KKR COM UNITS 48248M102 18,480 956,500 SH CALL Defined 01 956,500
Kirby Corp KEX COM 497266106 182,036 2,370,256 SH Sole 2,204,675 165,581
Kirby Corp KEX COM 497266106 58,809 765,742 SH Defined 01 765,742
Lennox International Inc LII COM 526107107 43,929 691,900 SH Sole 567,800 124,100
Lennox International Inc LII COM 526107107 28,588 450,270 SH Defined 01 450,270
Lincoln Electric Holdings L COM 533900106 1,400 25,846 SH Sole 25,846
Lincoln Electric Holdings L COM 533900106 1,153 21,289 SH Defined 01 21,289
Lowe's Companies, Inc. LOW COM 548661107 10,752 283,535 SH Sole 283,535
Lowe's Companies, Inc. LOW COM 548661107 4,175 110,093 SH Defined 01 110,093
MGIC Investment Corp MTG COM 552848103 4,019 811,900 SH CALL Sole 811,900
MGIC Investment Corp MTG COM 552848103 7,539 1,523,000 SH CALL Sole 1,523,000
MGIC Investment Corp MTG COM 552848103 3,099 626,000 SH CALL Defined 01 626,000
MGIC Investment Corp MTG COM 552848103 5,866 1,185,000 SH CALL Defined 01 1,185,000
MRC Global Inc MRC COM 55345K103 164,367 4,991,411 SH Sole 4,089,155 902,256
MRC Global Inc MRC COM 55345K103 106,005 3,219,111 SH Defined 01 3,219,111
MSC Industrial Direct CO-A M CL A 553530106 133,252 1,553,410 SH Sole 1,435,409 118,001
MSC Industrial Direct CO-A M CL A 553530106 44,425 517,896 SH Defined 01 517,896
Markel Corp MKL COM 570535104 131,471 261,115 SH Sole 242,512 18,603
Markel Corp MKL COM 570535104 44,129 87,644 SH Defined 01 87,644
Micro Systems MCRS COM 594901100 112,605 2,474,285 SH Sole 2,301,706 172,579
Micro Systems MCRS COM 594901100 41,679 915,818 SH Defined 01 915,818
Mistras Group Inc MG COM 60649T107 3,042 125,661 SH Sole 125,661
Mistras Group Inc MG COM 60649T107 2,632 108,724 SH Defined 01 108,724
Mohawk Industries Inc MHK COM 608190104 128,378 1,134,885 SH Sole 1,058,415 76,470
Mohawk Industries Inc MHK COM 608190104 51,615 456,289 SH Defined 01 456,289
Mondelez International Inc. A CL A 609207105 4,121 134,610 SH Sole 134,610
Mondelez International Inc. A CL A 609207105 1,600 52,265 SH Defined 01 52,265
Moodys Investors Service MC COM 615369105 23,807 446,484 SH Sole 446,484
Moodys Investors Service MC COM 615369105 19,759 370,575 SH Defined 01 370,575
Nationstar Mortgage Holdings COM 63861C109 7,620 206,500 SH Sole 189,300 17,200
Nationstar Mortgage Holdings COM 63861C109 7,583 205,500 SH Defined 01 205,500
Newcastle Investment Corporati COM 65105M108 6,464 578,700 SH Sole 526,240 52,460
Newcastle Investment Corporati COM 65105M108 6,374 570,680 SH Defined 01 570,680
OReilly Automotive ORLY COM 67103H107 160,857 1,570,269 SH Sole 1,451,815 118,454
OReilly Automotive ORLY COM 67103H107 51,005 497,910 SH Defined 01 497,910
Pall Corp PLL COM 696429307 138,627 2,027,595 SH Sole 1,867,853 159,742
Pall Corp PLL COM 696429307 40,803 596,795 SH Defined 01 596,795
Paychex PAYX COM 704326107 90,727 2,587,766 SH Sole 2,377,954 209,812
Paychex PAYX COM 704326107 22,769 649,416 SH Defined 01 649,416
Perkinelmer Inc PKI COM 714046109 66,238 1,969,038 SH Sole 1,969,038
Perkinelmer Inc PKI COM 714046109 22,079 656,340 SH Defined 01 656,340
Perrigo Co. prgo COM 714290103 57,226 481,947 SH Sole 446,199 35,748
Perrigo Co. prgo COM 714290103 16,583 139,662 SH Defined 01 139,662
PetroLogistics LP PDH UNIT LTD PTH INT 71672U101 1,753 127,192 SH Sole 127,192
Rexnord Holdings, Inc. RXN COM 76169B102 20,686 974,374 SH Sole 799,284 175,090
Rexnord Holdings, Inc. RXN COM 76169B102 13,261 624,625 SH Defined 01 624,625
SEI Investments Company SEI COM 784117103 19,280 668,291 SH Sole 668,291
SEI Investments Company SEI COM 784117103 18,053 625,765 SH Defined 01 625,765
SPDR S&P 500 ETF Trust spy TR UNIT 78462F103 240,723 1,536,500 SH PUT Sole 1,536,500
SPDR S&P 500 ETF Trust spy TR UNIT 78462F103 229,287 1,463,500 SH PUT Defined 01 1,463,500
Scripps Networks Interactive I CL A COM 811065101 100,704 1,565,182 SH Sole 1,437,463 127,719
Scripps Networks Interactive I CL A COM 811065101 29,526 458,909 SH Defined 01 458,909
Sherwin Williams Co SHW COM 824348106 168,238 996,140 SH Sole 925,296 70,844
Sherwin Williams Co SHW COM 824348106 48,765 288,741 SH Defined 01 288,741
Sigma-Aldrich Corporation SI COM 826552101 98,148 1,263,978 SH Sole 1,263,978
Sigma-Aldrich Corporation SI COM 826552101 33,737 434,469 SH Defined 01 434,469
Signet Jewlers Ltd SIG SHS G81276100 164,566 2,456,209 SH Sole 2,279,192 177,017
Signet Jewlers Ltd SIG SHS G81276100 46,784 698,266 SH Defined 01 698,266
Sirona Dental Systems Inc. S COM 82966C103 3,299 44,742 SH Sole 44,742
Snap-On Inc. SNA COM 833034101 9,062 109,573 SH Sole 92,316 17,257
Snap-On Inc. SNA COM 833034101 6,689 80,888 SH Defined 01 80,888
Staples Inc SPLS COM 855030102 22,143 1,650,000 SH CALL Sole 1,650,000
Staples Inc SPLS COM 855030102 16,741 1,247,500 SH CALL Defined 01 1,247,500
TD Ameritrade Holding Corp A COM 87236Y108 56,132 2,722,225 SH Sole 2,339,740 382,485
TD Ameritrade Holding Corp A COM 87236Y108 37,619 1,824,385 SH Defined 01 1,824,385
TD Ameritrade Holding Corp A COM 87236Y108 16,310 791,000 SH CALL Sole 719,000 72,000
TD Ameritrade Holding Corp A COM 87236Y108 123,332 5,981,200 SH CALL Sole 5,981,200
TD Ameritrade Holding Corp A COM 87236Y108 16,269 789,000 SH CALL Defined 01 789,000
TD Ameritrade Holding Corp A COM 87236Y108 92,708 4,496,000 SH CALL Defined 01 4,496,000
TJX Companies Inc TJX COM 872540109 3,870 82,775 SH Sole 82,775
TJX Companies Inc TJX COM 872540109 1,503 32,145 SH Defined 01 32,145
Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 24,664 349,943 SH Sole 349,943
Texas Pacific Land Trust TPL SUB CTF PROP I T 882610108 26,769 379,808 SH Defined 01 379,808
Thermo Fisher Scientic Inc. COM 883556102 12,876 168,338 SH Sole 168,338
Thermo Fisher Scientic Inc. COM 883556102 5,033 65,802 SH Defined 01 65,802
TransDigm Group Inc. TDG COM 893641100 123,525 807,776 SH Sole 745,538 62,238
TransDigm Group Inc. TDG COM 893641100 37,589 245,810 SH Defined 01 245,810
Verisk Analytics Inc - Class A CL A 92345Y106 11,044 179,228 SH Sole 179,228
Verisk Analytics Inc - Class A CL A 92345Y106 10,474 169,971 SH Defined 01 169,971
Wabtec Corp WAB COM 929740108 56,203 550,414 SH Sole 509,986 40,428
Wabtec Corp WAB COM 929740108 16,945 165,950 SH Defined 01 165,950
West Marine Inc COM 954235107 7,659 670,059 SH Sole 670,059
West Marine Inc COM 954235107 7,162 626,576 SH Defined 01 626,576
Williams Sonoma Inc WSM COM 969904101 175,443 3,405,341 SH Sole 3,151,113 254,228
Williams Sonoma Inc WSM COM 969904101 55,877 1,084,560 SH Defined 01 1,084,560
Wolverine World Wide, Inc. WWW COM 978097103 136,235 3,070,434 SH Sole 2,851,358 219,076
Wolverine World Wide, Inc. WWW COM 978097103 44,091 993,707 SH Defined 01 993,707