2016-02-15T14:57:41-06:00 2015-06-30 132060851 Owen J Flanagan & Co 60 East 42nd Street New York NY 10165 990PF 2014-07-01 866021106 LINCOLN INSTITUTE OF LAND POLICY LINC 6176613016 11010 N TATUM BLVD No D101 Phoenix AZ 85028 GEORGE MC CARTHY PRESIDENT & CEO 6176613016 2016-02-15 1 Kevin Sunkel P00706145 2126822783 2014 2016-08-17 19:52:53Z X 523251170 X 140000 7755996 7464258 7755996 39752 39752 39752 24400969 132659966 24400969 286705 56836 0 56836 32393553 31865227 8139289 1441822 470074 470074 971748 3562679 1414 1414 3561265 1509170 120438 120438 1388732 97043 22506 22506 74537 30779 0 0 30779 3283749 3215671 3215671 68078 198747 20253 20253 178494 874069 170069 170069 704000 394660 32011 32011 488326 49980 67258 421068 846339 58858 58858 787481 628040 0 39558 588482 7100252 125573 125573 6987980 20455675 4286847 4343683 15762644 391320 391320 20846995 4286847 4343683 16153964 11546558 27578380 3795606 492290 804837 804837 8262900 28321123 28321123 10885040 8313934 8313934 313320237 304334444 304334444 29670311 9459970 9459970 168671107 156606053 156606053 20686307 5286103 15091676 15400204 15400204 9030 10605 10605 546402591 523251170 523251170 13039790 15529683 13039790 15529683 X 533362801 507664599 56888 533362801 507721487 546402591 523251170 533362801 11546558 0 544909359 37187872 507721487 PUBLICLY TRADED P 84470798 67972069 16498729 16498729 PUBLICLY TRADED P 40419384 40152489 266895 266895 CLASS ACTIONS P 41313 41313 41313 ROSE RETROFIT FUND K-1 P 595612 595612 595612 MORGAN CREEK PARTNERSHIPS P 248245 248245 248245 SPHINX ACCESS CLAIM P 84894 121429 -36535 -36535 ECOSYSTEM K-1 P 5553 5553 5553 CARLYLE PARTNERS K-1 P 1126294 1126294 1126294 BH HIGH YIELD K-1 P 13010 -13010 -13010 BLACKSTONE MARKET CAP P 5597831 5597831 5597831 ARDEN FUNDS P 25600 25600 25600 BH HIGH YIELD K-1 P 3216 3216 3216 MORGAN CREEK PARTNERSHIPS P 12585 12585 12585 VANGUARD FUNDS P 4009 4009 4009 VANGUARD FUNDS P 24632 24632 24632 24400969 286705 0 17226042 496450552 0.034698 14346101 429309121 0.033417 13411119 410368652 0.032681 17884254 404360408 0.044228 13991625 367112591 0.038113 0.183137 0.036627 517558674 18956622 275784 19232406 16857152 551568 0 551568 0 551568 867787 867787 X 72 316147 316147 0 0 0 0 0 0 0 0 0 1 1 0 1 1 AZ MA 1 1 0 0 0 1 WWW.LINCOLNINST.EDU Lincoln Institute of Land Policy 6176613016 113 Brattle Street Cambridge MA 021383400 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 KATHRYN J LINCOLN 11010 N TATUM BLVD PHOENIX AZ 85028 CHAIRMAN & CIO/DIRECTOR 37.50 348450 65164 0 GEORGE MC CARTHY 113 BRATTLE STREET CAMBRIDGE MA 02138 CEO AND PRESIDENT/DIRECTOR 37.50 350000 90221 0 DENNIS W ROBINSON 113 BRATTLE STREET CAMBRIDGE MA 02138 TREAS. & VP-FIN. & OPS. 37.50 200000 64428 0 LEVERING F T WHITE 113 BRATTLE STREET CAMBRIDGE MA 02138 AST. SEC. & VP ADMIN & HR 37.50 140600 62132 0 DIONE A ETTER 11010 N TATUM BLVD PHOENIX AZ 85028 SECRETARY 37.50 98500 40023 0 DAVID C LINCOLN 11010 N TATUM BLVD PHOENIX AZ 85028 ASSIST. TREASURER/DIRECTOR 3.00 9250 0 0 CAROLINA BARCO 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 0 0 0 ROY W BAHL 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.00 10750 0 0 MIMI BROWN 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 6000 0 0 ALBERTO HARTH 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 4250 0 0 JOHN G LINCOLN III 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 5250 0 0 RAY LAHOOD 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 1.00 2000 0 0 ANDREA TAYLOR 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 5750 0 0 KENNETH PANG 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 7750 0 0 THOMAS BECKER 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.00 9500 0 0 BRUCE LINCOLN 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 3500 0 0 BRUCE BABBITT 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 7500 0 0 THOMAS NECHYBA 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.00 9500 0 0 JOHANNES LINN 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 5750 0 0 JILL SCHURTZ 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.00 8250 0 0 RAPHAEL BOSTIC 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.00 7500 0 0 ANTHONY COYNE 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.00 8000 0 0 GREGORY K INGRAM 113 BRATTLE STREET CAMBRIDGE MA 02138 FORMER CEO/PRESIDENT - SEC 457B 0.01 193772 0 0 JOAN YOUNGMAN 113 BRATTLE STREET CAMBRIDGE MA 02138 SR. FELLOW 37.50 248600 54052 0 ZHI LIU 113 BRATTLE STREET CAMBRIDGE MA 02138 SR. FELLOW 37.50 241000 53212 0 MARTIM SMOLKA 113 BRATTLE STREET CAMBRIDGE MA 02138 SR. FELLOW 37.50 199500 59849 0 ARMANDO CARBONELL 113 BRATTLE STREET CAMBRIDGE MA 02138 SR. FELLOW 37.50 192500 61276 0 ANTHONY FLINT 113 BRATTLE STREET CAMBRIDGE MA 02138 FELLOW 37.50 137000 57442 0 27 THE CARLYLE GROUP 1001 PENNSYLVANIA AVENUE WASHINGTON DC 20004 INVESTMENT ADVICE 584713 EAGLE CAPITAL MANAGEMENT 499 PARK AVENUE NEW YORK NY 10222 INVESTMENT ADVICE 503146 DREMAN VALUE MANAGEMENT HARBORSIDE FINANCIAL PLAZA 10 JERSEY CITY NJ 07311 INVESTMENT ADVICE 395132 MERRILL LYNCH 2555 E CAMELBACK RD PHOENIX AZ 85016 INVESTMENT ADVICE 349277 SANDS CAPITAL 1101 WILSON BLVD ARLINGTON VA 22209 INVESTMENT ADVICE 290177 9 DEPARTMENT OF PLANNING AND URBAN FORM SEE STATEMENT 9 FOR DETAILED DESCRIPTION 3122293 DEPARTMENT OF VALUATION AND TAXATION SEE STATEMENT 9 FOR DETAILED DESCRIPTION 3111499 PROGRAM ON LATIN AMERICA AND THE CARIBBEAN SEE STATEMENT 9 FOR DETAILED DESCRIPTION 2553024 PROGRAM ON PEOPLE'S REPUBLIC OF CHINA SEE STATEMENT 9 FOR DETAILED DESCRIPTION 2240652 0 523641488 950179 848611 525440278 0 0 525440278 7881604 517558674 25877934 X 16153964 0 703188 16857152 0 16857152 2006-11-01 X 3795606 7915837 4856267 2799914 19367624 3226265 6728461 4127827 2379927 16462480 16857152 17226042 14346101 13411119 61840414 0 0 0 0 0 16857152 17226042 14346101 13411119 61840414 0 0 17251956 16548352 14310304 13678955 61789567 0 0 0 0 X David Albouy 1955 N Leavitt Chicago IL 60647 none I Urban Land Value: Measurement and Theory 10000 Alexander Anas 151 Rollingwood Street Williamsville NY 14221 none I Effects of Land Value Taxation:Computable Equilibium-L.A. & Paris 30000 Alexander Bartik 287 Harvard Street 64 Cambridge MA 02139 none I Evidence of Efficient Improvements from Census Data & Prop Values 10000 Paul Bidanset 5644 Gates Landing Rd Virginia Beach VA 23464 none I Improving Accruracy of Mass Appraisal Using Locally Weighted Data 10000 Centro De Transporte Sustentable De Mexico Belisario Dominguez 8 PAVilla Coyoacan Mexico DF MX 04000 none NC Analyze Value Capture Potential Along Mexico's City Metrobus Sys. 12000 Elias Paez Frias Islas Bahamas 1541 Mexicali BC MX 21339 none I Transportation & Urban Compactness:BRT Corridors in Mexican Cities 21120 Fundacion de la Univdad de Costa Rica Apartado Postal 129-2100 GuadalupeS n Pedro De Montes de Oca San Jose CS none NC Heredia CR:Closing the Cycle of Urban Transformation 19600 Fundacin Universidad Torcuato Di Tella Calle Miones 2177 Buenos Aires AR 1428 none NC Spatial Issues:Equity & Efficency in 31 Large Cities-Argentina 20800 Charles J Gabbe 3151 S Sepulveda Blvd 207 Los Angeles CA 90034 none I Los Angles:The What and Why of Regulations 10000 Inst for Trans and Develop Policy 9 E 19th Street Floor 7 New York NY 10003 none PC Case for Transit Oriented Low-income Housing in Rio de Janeiro 22400 Kyoochul Kim 1400 Martin St Apt 3062 State College PA 16803 none I Effect of LandValue Taxation on Land Value & Land Intensity 10000 Andrew McMillan 304 W Locust St Apt 3 Urbana IL 61801 none I Measureing Neighborhood Rcovery After Foreclosure Crisis:Factors? 10000 Ross Milton 4 Willets Pl Ithaca NY 14850 none I The Political Economy of Property Tax Structure 10000 Paavo Monkkonen 10615 Flaxton Street Culver City CA 90230 none I Mexican Cities: WhereDo Property Rights Matter More? 22400 The Marshall Univ Foundation Inc 519 John Marshall Drive Huntington WV 25703 none PC State & Local Ad Valorem Taxation of Mineral Interests 10000 Dusan J C Paredes Araya Avenida Corro Parananl 320 Antofagasta CI 124000 none I Chile:Demand for Housing Attributes-Insights on Price & Income 20000 Jose Joaquin Prieto 205 Waldon Street 4R Cambridge MA 02140 none I Mobility of Families at Risk-Santiago:Ancored Housing Location 10000 Lyndsey Anne Rolheiser 82 Oak Street Apt 2 Somerville MA 02143 none I Local Tax Implications of Innefficent Land Use 10000 Linda Shi 43 Linnaean Street Apt 36 Cambridge MA 02138 none I Resilient Regions:U.S. Experiments in Metropolit. Climate Adaptation 10000 Xinrui Shi 1514 Sheridan Road NE Apt 1402 Atlanta GA 30324 none I Mortgage Enforcement:Public Reguatory Actions-select Chiese Citys 15000 Universidad de los Andes Carrera 1 este 19A-40 Bogota CO none NC Bogota:Low-income Residence Choices Determined by Access 28000 Robert Morris University 6001 University Boulevard Revere Center Moon Township PA 15108 none PC Penn:Spillover Effects- Two Rate Prop. Tax- Zero Sum or Win-Win 10000 Robert Morris University 6001 University Boulevard Revere Center Moon Township PA 15108 none PC Differential Effects:Two-rate Prop. Taxation:New Evidence from PA 20000 University of Technology Jamaica 15 Northside Plaza 133 Old Hope Raod Kingston JM none NC Property Tax Compliance:Attitudes Toward Paying Them in Jamacia 20000 Robert W Wassmer 933 Sonoma Way Sacramento CA 95819 none I Empirical Study:Land Value Component & Generation of Urban Sprawl 20000 391320 0 PUBLICATIONS 39558 SONORAN INSTITUTE 4884 EMPLOYEE PARKING 5340 OTHER 7054 900099 291738 14 7464258 531120 39752 18 24400969 331490 31865227 56836 32253553 1A SALES OF SCHOLARLY PUBLICATIONS IN VARIOUS PROGRAM AREAS 1B CHARGE FOR OCCUPANCY BY NON-PROFIT ENGAGED IN JOINT PROGRAM 1C PARKING PROVIDED FOR EMPLOYEE CONVENIENCE 1D USE OF CLASSROOM SPACE BY CHARITABLE ORGANIZATION ENGAGED IN EDUCATION 0 0 0 0 0 0 0 0 0 0 X X 1 THE PACKARD FOUNDATION 343 SECOND STREET LOS ALTOS CA 94022 125000 X 2 THE INSTITUTE OF INTERNATIONAL EDUC 809 UNITED NATIONS PLAXA NEW YORK NY 10017 15000 X OWEN J. 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NY REG SHS 528027 528027 2795 shs AERIE PHARMACEUTICALS INC 49332 49332 4963 shs AGRIUM INC 525830 525830 10865 shs AIRCASTLE LTD 246309 246309 600 shs ALEXION PHARMS INC 1816739 1816739 23253 shs ALIBABA GROUP HOLDING LT 3373070 3373070 1545 shs ALKERMES PLC NEW 99405 99405 9143 shs ALLEGION PLC SHS 549860 549860 3850 shs ALLETE INC NEW 178601 178601 30948 shs ALLIANZ SE SPD ADR 484955 484955 6285 shs ALLIED WORLD ASSURANCE CO HOLDINGS 271638 271638 24700 shs ALTERA CORP COM 1264640 1264640 4450 shs AMAZON COM INC COM 1931701 1931701 25153 shs AMERICA MOVIL SAB DE CV ADR 536010 536010 16855 shs AMERICAN AXLE&MFG HLDGS 352438 352438 6700 shs ANADARKO PETE CORP 523002 523002 35380 shs AON PLC 3526678 3526678 6330 shs APOLLO RESIDENTIAL MTG I 92988 92988 12997 shs APPLE INC 1630149 1630149 1490 shs ARISTA NETWORKS INC 121793 121793 7945 shs ARRIS GROUP INC NEW 243117 243117 3432 shs ASHFORD HOSPITALITY PRIME INC SHS 51549 51549 12810 shs ASHFORD HOSPITALITY TR REITS-HOTELS 108373 108373 1560 shs ASML HLDG NV NY REG SHS 2494310 2494310 4650 shs ASPEN INSURANCE HLDS LTD 222735 222735 16225 shs ASSOCIATED BANC CRP .01 328881 328881 31841 shs AT&T INC 1130992 1130992 4800 shs ATHENAHEALTH INC 790602 790602 5600 shs ATWOOD OCEANICS INC 148064 148064 3630 shs AVX CORP NEW 48860 48860 9200 shs AXA -SPONS ADR 232300 232300 4635 shs AXALTA COATING SYSTEMS LTD SHS 153326 153326 16216 shs BAE SYS PLC SPN ADR 460048 460048 1800 shs BAIDU INC SPON ADR 2687580 2687580 57464 shs BANCO BILBAO VIZCAYA ARGENTARIA S A ADR 567170 567170 78448 shs BANCO SANTANDER SA ADR 549920 549920 20300 shs BANK OF AMERICA CORP 345506 345506 34500 shs BARCLAYS PLC ADR 567180 567180 5950 shs BARNES GROUP INC DE $.01 231990 231990 7250 shs BASF SE SPONSORED ADR 642785 642785 5753 shs BASF SE SPONSORED ADR 510061 510061 2515 shs BELDEN INC 204293 204293 19630 shs BELLATRIX EXPL LTD SHS 45738 45738 27000 shs BERKSHIRE HATHAWAYINC DEL CL B NEW 3674970 3674970 30312 shs BHP BILLITON LTD ADR 1234002 1234002 3290 shs BIG 5 SPORTING GOODS COR 46751 46751 1950 shs BIG LOTS INC COM 87730 87730 4100 shs BIOGEN INC 2181276 2181276 5700 shs BIOMARIN PHARMACEUTICALS 1764462 1764462 3570 shs BLACKBAUD INC 203311 203311 2109 shs BLACKROCK INC 729672 729672 2280 shs BLUE HILLS BANCORP INC 31920 31920 650 shs BLUEBIRD BIO INC 109440 109440 7045 shs BOEING COMPANY 977282 977282 12982 shs BP PLC SPON ADR 518761 518761 3075 shs BRADY CORP WI CL A 76075 76075 13570 shs BRANDYWNE RLTY T SBI NEW REIT 180210 180210 3250 shs BRINKER INTL INC 187363 187363 6960 shs BRINKS CO 204833 204833 5950 shs BRITISH AMN TOBACO SPADR 644087 644087 3860 shs BROADRIDGE FINL SOLUTIONS INC 193039 193039 5720 shs BROCADE COMMUNICATIONS SYS INC NEW 67954 67954 15637 shs BROOKFIELD ASSET MGMT INC CL A 546200 546200 3125 shs BRUNSWICK CORP 158937 158937 3905 shs BURLINGTON STORES INC 199936 199936 3845 shs CABOT CORP 143380 143380 9375 shs CALGON CARBON CORP 181687 181687 42910 shs CANADIAN PACIFIC RAILWAY LTD 3148038 3148038 16432 shs CANON INC ADR REP5SH 532561 532561 1195 shs CARTER HOLDINGS INC 127028 127028 1815 shs CAVIUM INC 124890 124890 8680 shs CBL & ASSOC PPTYS INC REIT 140616 140616 7320 shs CELESTICA SUB VTG SHS 85205 85205 4380 shs CELLDEX THERAPEUTICS INC 110464 110464 2060 shs CENTENE CORP 165624 165624 2735 shs CEPHEID INC CALIF COM 167245 167245 1600 shs CERNER CORP COM 1174020 1174020 1220 shs CHARLES RIVER LABS INTL 85815 85815 1990 shs CHEMICAL FINL CORP 65789 65789 6360 shs CHENIERE ENERGY PARTNERS 148951 148951 10932 shs CHEVRON CORP 1054610 1054610 7686 shs CHINA MOBILE LTD SPN ADR 492596 492596 2160 shs CHIPMOS TECHNOLOGIES BERMUDA LTD 47174 47174 1450 shs CHIPOTLE MEXICAN GRILL 1663722 1663722 65700 shs CITIGROUP INC COM NEW 3629268 3629268 9140 shs CLIFTON BANCORP INC 127869 127869 1065 shs CLOVIS ONCOLOGY INC 93592 93592 3726 shs CNOOC LTD ADR 528794 528794 54100 shs COCA COLA COM 2122343 2122343 14570 shs COEUR MINING INC 83195 83195 14632 shs COLGATE PALMOLIVE 957079 957079 91717 shs COMPANHIA ENERG DE ADR 349442 349442 19700 shs CONSTELLATION BRANDS INC 2285594 2285594 4640 shs CON-WAY INC 178037 178037 1140 shs COOPER COS INC COM NEW 202886 202886 4470 shs COOPER TIRE RUBBER 151220 151220 5625 shs CORE LAB N.V. COM 641475 641475 720 shs COSTAR GROUP INC COM 144907 144907 3180 shs CRANE CO DELAWARE 186761 186761 21011 shs CREDIT SUISSE GP SP ADR 579904 579904 3050 shs CRITEO S A 145393 145393 3060 shs CSG SYSTS INTL INC COM 96880 96880 51283 shs CTC MEDIA INC 116412 116412 10979 shs CULLEN FRST BKRS PV$0.01 862730 862730 11627 shs CVS HEALTH CORP 1219440 1219440 2960 shs DAVE & BUSTERS ENTERTNMT INC 106826 106826 1790 shs DEALERTRACK TECHNOLOGIES INC 112394 112394 24278 shs DELHAIZE GROUP SPONS ADR 500855 500855 2600 shs DEMANDWARE INC 184808 184808 14400 shs DENBURY RES INC 91584 91584 16848 shs DEUTSCHE BK AG REG SHS 508136 508136 2980 shs DEVRY EDUCATION GROUP INC 89340 89340 2575 shs DEXCOM INC 205948 205948 8100 shs DIAGEO PLC SPSD ADR NEW 939924 939924 5645 shs DIAMOND RESORTS INC 178100 178100 1520 shs DIAMONDBACK ENERGY INC 114578 114578 3110 shs DIPLOMAT PHARMACY ORD 139173 139173 13771 shs DISCOVER FINL SVCS 793485 793485 20500 shs DISCOVERY COMMUNICATN INC SER C 637140 637140 22000 shs DISH NETWORK CORPATION CLASS A 1489620 1489620 1675 shs DST SYSTEMS INC DEL 211016 211016 27287 shs E M C CORPORATION MASS 720104 720104 14379 shs EATON CORP PLC 970439 970439 21400 shs ECOLAB INC 2419698 2419698 3325 shs ELECTRONICS FOR IMAGING 144671 144671 2525 shs EMCOR GROUP INC 120619 120619 3150 shs ENDURANCE SPECIALTY HLDG 206955 206955 2255 shs ENERSYS 158504 158504 11750 shs ENSCO PLC SHS CL A 261672 261672 2415 shs EURONET WORLDWIDE INC 149005 149005 1700 shs F E I COMPANY 140981 140981 5996 shs FACEBOOK INC CLASS A COMMON STOCK 3130423 3130423 855 shs FAIR ISAAC CORPORATION 77617 77617 3185 shs FEDERATED INVESTRS B 106666 106666 16511 shs FIDELITY NATL INFO SVCS INC 1020380 1020380 16115 shs FIRST HORIZON NTNL CORP 252522 252522 6000 shs FIRST MIDWST BANCORP DEL 113820 113820 27470 shs FIRST NIAGARA FINL GROUP INC NEW 259317 259317 11072 shs FIRSTMERIT CORP 230630 230630 7900 shs FMC TECHS INC COM 962568 962568 10080 shs FMSA HOLDINGS INC SHS 82555 82555 3225 shs FORTUNE BRANDS HOME AND SECURITY INC SHS 147769 147769 2425 shs FORWARD AIR CORP 126731 126731 810 shs FOSTER L B CO CL A 28034 28034 16900 shs FULTON FINL CORP PA 220714 220714 23686 shs GENERAL MOTORS CO COMMON SHARES 789454 789454 2240 shs GENESEE & WYOM CL A 170643 170643 4470 shs GEO (THE) GROUP INC SHS 152695 152695 2265 shs G-III APPAREL GROUP LTD 159343 159343 4690 shs GLOBAL BRASS AND COPPER HOLDINGS INC SHS 79777 79777 6675 shs GOLDMAN SACHS GROUP INC 1393673 1393673 2040 shs GOOGLE INC CL A 2748804 2748804 4681 shs GOOGLE INC SHS CL C 3140758 3140758 1495 shs GRACO INC 106190 106190 23150 shs GRAN TIERRA ENERGY INC. 68987 68987 4010 shs GRAND CANYON EDUCATN INC 170024 170024 12915 shs GRAPHIC PACKAGING HLDG C 179906 179906 3385 shs GRUBHUB INC SHS 115327 115327 1780 shs HAIN CELESTIAL GROUP INC 117231 117231 6400 shs HANCOCK HOLDING CO 204224 204224 3900 shs HANESBRANDS INC 129948 129948 3940 shs HANOVER INS GROUP INC 291678 291678 975 shs HARMAN INTL INDS INC NEW 115966 115966 6600 shs HD SUPPLY HLDGS INC 232188 232188 3780 shs HEALTHSOUTH CORP 174107 174107 4035 shs HELEN OF TROY LTD 393373 393373 3980 shs HEXCEL CORP NEW COM 197965 197965 3405 shs HILL ROM HLDGS 184994 184994 3105 shs HILLENBRAND INC 95323 95323 4360 shs HOLOGIC INC 165942 165942 9949 shs HONEYWELL INTL INC DEL 1014500 1014500 4580 shs HOSPITALITY PPTYS TRUST REIT 131996 131996 11680 shs HSBC HLDG PLC SP ADR 523381 523381 985 shs HUBBELL INC CL B PAR .01 106656 106656 1755 shs HUBSPOT INC 87013 87013 1355 shs HYSTER-YALE MATLS HNDLNG INC CL A 93874 93874 4250 shs IDACORP INC COM 238595 238595 1290 shs IDEXX LAB INC DEL $0.10 82741 82741 1405 shs IMPAX LABS INC 64518 64518 1450 shs INCYTE CORPORATION 151104 151104 33044 shs INFOSYS TECH LTD ADR 523747 523747 36096 shs ING GP NV SPSD ADR 598472 598472 19600 shs INGERSOLL-RAND PLC 1321432 1321432 8515 shs INGRAM MICRO INC CL A 213130 213130 2730 shs INTEGRA L HLDGS CORP NEW 183920 183920 380 shs INTERCEPT PHARMACEUTICAL INC 91724 91724 4695 shs INTL BANCSHARES CORP COM 126155 126155 20330 shs INVESTORS BANCORP INC NEW 250059 250059 8535 shs IRONWOOD PHARMACEUTICALS INC 102932 102932 43837 shs ITAU UNIBANCO BANCO HOLD SA SPONSORED ADR 480015 480015 17411 shs ITC HLDGS CORP 560286 560286 2980 shs ITRON INC 102631 102631 3560 shs IXYS CORP 54468 54468 755 shs JACK IN THE BOX INC 66561 66561 6510 shs JANUS CAPITAL GROUP INC 111451 111451 4315 shs JARDEN CORP 223301 223301 615 shs JAZZ PHARMACEUTICALS PLC SHS 108283 108283 660 shs JONES LANG LASALLE INC 112860 112860 17869 shs JPMORGAN CHASE & CO 1210803 1210803 21100 shs JPMORGAN CHASE & CO 1429736 1429736 15645 shs KB FINL GROUP INC SPN AD 514251 514251 7730 shs KB HOME 128318 128318 26073 shs KINDER MORGAN INC. DEL 1000942 1000942 64116 shs KINROSS GOLD CORP 148749 148749 1135 shs KIRBY CORP COM 87009 87009 26824 shs KOMATSU NEW NEW SPNSDADR 538760 538760 14220 shs KULICKE&SOFFA INDUST 166516 166516 7080 shs LA QUINTA HLDGS INC 161778 161778 3780 shs LAMAR ADVERTISING CO-A 217274 217274 1995 shs LANNETT CO INC DEL $.001 118583 118583 7836 shs LAS VEGAS SANDS CORP 1130255 1130255 1925 shs LAZARD LTD CL A 108262 108262 1680 shs LDR HOLDINGS CORP 72660 72660 1885 shs LEAR CORP SHS 211610 211610 6081 shs LENDINGCLUB CORP SHS 800925 800925 1735 shs LENNOX INTL INC 186842 186842 4240 shs LEXMARK INTL INC CL A 187408 187408 90774 shs LIBERTY GLOBAL PLC CL C 4595888 4595888 19630 shs LIMELIGHT NETWORKS INC 77342 77342 1003244 shs LINCOLN ELEC HLDGS INC 61087526 61087526 1598 shs LINKEDIN CORP CLASS A COMMON STOCK 2190278 2190278 3385 shs LIONS GATE ENTMT CRP NEW 125414 125414 5610 shs LKQ CORP 169674 169674 28600 shs LOEWS CORP 1101386 1101386 14485 shs LOWE'S COMPANIES INC 970060 970060 11043 shs LUKOIL OAO-SPON ADR 495941 495941 10350 shs MACK CALI REALTY CORP REIT 190750 190750 15674 shs MACYS INC 1057525 1057525 730 shs MALLINCKRODT PLC SHS 85936 85936 13200 shs MANULIFE FINANCIAL CORP 245388 245388 13663 shs MARSH & MCLENNAN COS INC 774692 774692 35637 shs MARVELL TECHNOLOGY GROUP 469874 469874 1620 shs MASONITE INTERNATIONAL CORPORATION 113578 113578 1515 shs MATTHEWS INTL INC CL A 80507 80507 2475 shs MAXIMUS INC 162682 162682 8778 shs MC CORMICK NON VTG 710579 710579 14070 shs MEDICAL PPTYS TR INC 184458 184458 1105 shs MEDIVATION INC 126191 126191 11426 shs MEDTRONIC PLC SHS 846667 846667 10445 shs MENTOR GRAPHICS CORP 276061 276061 3705 shs MEREDITH CORP 193216 193216 305 shs METTLER-TOLEDO INTL INC 104145 104145 7115 shs MICHAELS COS INC 191465 191465 13780 shs MICROSEMI CORP 481610 481610 99063 shs MICROSOFT CORP 4373631 4373631 82137 shs MITSUBISHI UFJ FINL GRP INC 593029 593029 52700 shs MONDELEZ INTERNATIONAL INC 2168078 2168078 16342 shs MONSANTO CO NEW DEL COM 2221549 2221549 3455 shs MONTPELIER RE HLDGS LTD 136473 136473 58500 shs MORGAN STANLEY 2269215 2269215 79525 shs NABORS INDUSTRIES LTD 1147546 1147546 2110 shs NBT BANCORP INC 55219 55219 6685 shs NCI BLDG SYS INC COM NEW 100743 100743 1580 shs NELNET INC CL A 68430 68430 40050 shs NESTLE S A REP RG SH ADR 2890008 2890008 1590 shs NETGEAR INC 47732 47732 2485 shs NEUROCRINE BIOSCNCE INC 118684 118684 11730 shs NEW RESIDENTIAL INVT CORP SHS 178765 178765 9584 shs NEXTERA ENERGY INC SHS 939520 939520 17495 shs NIELSEN NV 783251 783251 5700 shs NIKE INC CL B 1587894 1587894 17248 shs NIPPON TELG&TEL SPDN ADR 625930 625930 34425 shs NOBLE CORP PLC SHS 529801 529801 40600 shs NOBLE ENERGY INC 1732808 1732808 88187 shs NOMURA HLDGS INC ADR 596144 596144 2090 shs NORDSON CORP 162790 162790 8100 shs NOVARTIS ADR 796554 796554 15040 shs NOVO NORDISK A S ADR 823590 823590 80563 shs OAO GAZPROM SPON ADR 424567 424567 13740 shs OLD NATL BANCORP IND 198680 198680 4630 shs OLIN CORP $1 NEW 124778 124778 111000 shs ORACLE CORP $0.01 DEL 4473300 4473300 1995 shs ORBITAL ATK INC SHS 146353 146353 4995 shs OWENS &MINOR INC NEW COM 169830 169830 1110 shs PACIRA PHARMACEUTICALS I 78499 78499 10446 shs PACKAGING CORP AMERICA 652771 652771 2675 shs PACKAGING CORP AMERICA 167161 167161 4300 shs PALO ALTO NETWORKS INC COM 751210 751210 6584 shs PAN AMERN SILVER CORP 56557 56557 2680 shs PAPA JOHNS INTL INC 202635 202635 11475 shs PARAGON OFFSHORE PLC SHS WHEN ISSUED 12508 12508 3000 shs PARTNERRE LTD 385500 385500 6665 shs PARTY CITY HOLDCO INC SHS 135100 135100 4560 shs PEBBLEBROOK HOTEL TRUST 195533 195533 6150 shs PENN NATL GAMING CORP 112853 112853 8100 shs PENN RL EST INV TR REIT 172854 172854 32868 shs PEPSICO INC 3067899 3067899 33615 shs PFIZER INC 1127111 1127111 12094 shs PHILLIPS 66 SHS 974293 974293 4840 shs PLANTRONICS INC NEW COM 272540 272540 4815 shs POLYONE CORP COM 188604 188604 6900 shs PORTLAND GEN ELEC CO 228804 228804 2660 shs PORTOLA PHARMACEUTICALS INC COM 121163 121163 25850 shs POTASH CORP SASKATCHEWAN 800575 800575 1875 shs PRA GROUP INC 116831 116831 4190 shs PRA HEALTH SCIENCES INC SHS 152223 152223 18614 shs PRAXAIR INC 2225304 2225304 3125 shs PROOFPOINT INC 198969 198969 6650 shs PROSPECT CAPITAL CORP 49011 49011 2910 shs PROSPERITY BANCSHARES 168023 168023 4780 shs PTC INC SHS 196076 196076 17370 shs QLOGIC CORP 246480 246480 1552 shs QORVO INC SHS 124579 124579 12290 shs R R DONNELLEY SONS 214215 214215 147067.7 shs RAIT FINANCIAL TRUST SHS 147068 147068 3160 shs RAYONIER ADVANCED MATERIALS INC 51382 51382 655 shs RECEPTOS INC 124483 124483 2510 shs REGAL BELOIT CORP WIS 182201 182201 1625 shs REGENERON PHARMACTCLS 2512390 2512390 1450 shs RENTRAK CORP 101210 101210 3550 shs RESTAURANT BRANDS INTL INC SHS 135646 135646 27575 shs RIO TINTO PLC SPNSRD ADR 1136366 1136366 21110 shs RITE AID CORPORATION 176268 176268 1360 shs ROBERTHALF INTL INC COM 75480 75480 7530 shs ROLLS ROYCE GRP SPN ADR 516709 516709 2440 shs ROVI CORP 38918 38918 7992 shs ROYAL DUTCH SHELL PLC SPONS ADR A 455624 455624 2108 shs SALESFORCE COM INC 3251721 3251721 6010 shs SANMINA CORP 121162 121162 17900 shs SCHLUMBERGER LTD 3055435 3055435 17500 shs SCHWAB CHARLES CORP NEW 1394155 1394155 1960 shs SCIENCE APPLICATIONS INTL CORP 103586 103586 14330 shs SELECT MEDICAL HOLDINGS CORP 232146 232146 6865 shs SERVICE CORP INTL 202037 202037 4240 shs SERVICEMASTER GLOBAL HLDGS INC 153361 153361 2270 shs SERVICENOW INC 168684 168684 22475 shs SHAW COMMUNICATIONS B CV 489730 489730 2430 shs SHUTTERSTK INC SHS 142495 142495 4889 shs SIEMENS AG ADR 496380 496380 1630 shs SIGNATURE BANK 238616 238616 1260 shs SIGNET JEWELERS LTD SHS 161582 161582 18426 shs SK TELECOM ADR 456781 456781 1695 shs SKYWORKS SOLUTIONS INC 176450 176450 6170 shs SMART AND FINAL STORES INC SHS 110258 110258 3065 shs SMITH A O CORP DEL COM 220619 220619 14708 shs SMITH-NPHW PLC SPADR NEW 499337 499337 61975 shs SOCIETE GENERAL SPN ADR 584424 584424 7800 shs SOUTH32 LTD SHS ADR 52338 52338 4324 shs SOUTH32 LTD SHS ADR 29014 29014 2600 shs SOUTHWESTERN ENERGY CO 409140 409140 2100 shs SOVRAN SELF STORAGE INC REIT 182511 182511 4790 shs SPARTANNASH CO 155867 155867 2515 shs SPIRIT AIRLS INC COM 156182 156182 13590 shs SPLUNK INC COMMON SHARES 1593602 1593602 20117 shs STATOIL ASA SHS 360094 360094 2430 shs STEPAN CO 131487 131487 65918 shs SUMITOMO MITSUI-UNSPONS ADR 586011 586011 30725 shs SUNCOR ENERGY INC NEW 845552 845552 16751 shs SUNCOR ENERGY INC NEW 460987 460987 6550 shs SUNEDISON INC 195911 195911 4330 shs SYKES ENTERPRISES INC 105003 105003 12295 shs SYMETRA FINANCIAL CORP 297170 297170 1315 shs SYNCHRONOSS TECHNOLOGIES INC 60135 60135 1120 shs TABLEAU SOFTWARE INC CL A 129136 129136 14941 shs TATA MOTORS LTD ADR 515016 515016 9820 shs TCF FINANCIAL CORP COM 163110 163110 2665 shs TEAM HEALTH HOLDINGS INC 174104 174104 1900 shs TECH DATA CORP 109364 109364 6575 shs TECK RESOURCES LTD CLS B 65158 65158 34876 shs TELEFONICA SA SPAIN ADR 495239 495239 26425 shs TENARIS S A ADR 714003 714003 1225 shs TENET HEALTHCARE CORP COM NEW 70903 70903 50541 shs TESCO PLC SPNRD ADR 505663 505663 2450 shs TETRAPHASE PHARMACEUTICALS INC 116228 116228 9246 shs TEVA PHARMACTCL INDS ADR 546439 546439 325 shs THE PRICELINE GROUP INC 1957329 1957329 10700 shs THERMO FISHER SCIENTIFIC INC 1388432 1388432 6752 shs TIME WARNER CABLE INC SHS 1203004 1203004 9618 shs TOTAL S.A. SP ADR 472917 472917 2795 shs TOTAL SYS SVCS INC 116747 116747 2240 shs TRAVELCENTERS AMER LLC 33264 33264 2980 shs TRIPLE S MGMT CORP CL B 76467 76467 3030 shs TRIUMPH GROUP INC NEW 199950 199950 5830 shs TUBEMOGUL INC 83311 83311 7750 shs TUTOR PERINI CORP 167245 167245 107650 shs TWENTY-FIRST CENTURY FOX INC CLASS A 3759620 3759620 520 shs TYLER TECHS INC DEL COM 67278 67278 28000 shs UBS GROUP AG NAMEN-AKT 593600 593600 1290 shs ULTA SALON COSMETICS & FRAGRAN 199240 199240 11650 shs ULTRA PETROLEUM CORP 145858 145858 5735 shs UMPQUA HLDGS CORP ORE 103173 103173 15900 shs UNILEVER NV NY REG SHS 665256 665256 9384 shs UNION PACIFIC CORP 894952 894952 2270 shs UNITED NAT FOODS INC 144554 144554 940 shs UNITED THERAPEUTICS CORP 163513 163513 11150 shs UNITEDHEALTH GROUP INC 1360300 1360300 23700 shs UNITEDHEALTH GROUP INC 2891400 2891400 1920 shs UNIVERSAL FOREST PRODS 99898 99898 13241 shs V F CORPORATION 923427 923427 78209 shs VALE SA 460651 460651 9300 shs VALEANT PHARMACEUTICALS INTERNATIONL INC 2065995 2065995 5605 shs VANTIV INC CL A 214055 214055 1880 shs VCA INC 102281 102281 3865 shs VIRTU FINL INC SHS CL A 90750 90750 4000 shs VISA INC CL A SHRS 3941705 3941705 19230 shs VISHAY INTERTECHNLGY 224606 224606 1740 shs VISTA OUTDOOR INC SHS WHEN ISSUED 78126 78126 2245 shs VULCAN MATERIALS CO 188423 188423 33550 shs W R BERKLEY CORP 1742251 1742251 1655 shs WABCO HOLDINGS INC 204757 204757 2030 shs WABTEC 191307 191307 9615 shs WASHINGTON FEDL INC 224510 224510 4067 shs WASTE CONNECTIONS INC 191637 191637 97415 shs WEATHERFORD INTL PLC 1195282 1195282 3175 shs WEBSTER FINL CP PV $0.01 125571 125571 22987 shs WELLS FARGO & CO NEW DEL 1292789 1292789 1220 shs WESBANCO INC 41504 41504 1555 shs WEX INC 177223 177223 4675 shs WHIRLPOOL CORP 809009 809009 2735 shs WHITING PETROLEUM CORP 91896 91896 9000 shs WHOLE FOODS MKT INC COM 966280 966280 1625 shs WILEY JOHN & SONS CL A 88351 88351 1800 shs WILLIAMS SONOMA INC 148086 148086 3325 shs WINTRUST FINL CP ILL COM 177489 177489 8530 shs WISDOMTREE INVTS INC 187361 187361 57184 shs YAMANA GOLD INC 171552 171552 1050 shs YARA INTL ASA SP ADR 54653 54653 3920 shs ZAYO GROUP HLDGS INC 100822 100822 8313934 8313934 0 0 RESIDUAL INVESTMENTS ARDEN SAGE ACCOUNT FMV 131258 131258 ROSE VALUE-ADD OFFICE RETROFIT FUND FMV 2032965 2032965 CARLYLE PARTNERS FMV 3909360 3909360 BLACKSTONE MARKET OPPORTUNITIES OFFSHORE FUND FMV 24439958 24439958 ARDEN-SAGE CAPITAL INTERNATIONAL, LTD FMV 1078971 1078971 MORGAN CREEK PARTNERS FMV 4095820 4095820 ECO SYSTEM PARTNERS FMV 3904096 3904096 1454475 SHS SPHINX ACCESS LTD CL DH FMV 271305 271305 RUSSELL 1000 INDEX FUND FMV 10704391 10704391 NEUBERGER BERMAN EMERGING MARKETS EQUITY FUND FMV 10626352 10626352 MONARCH DEBT RECOVERY FUND LTD FMV 13037101 13037101 BEACH POINT TOTAL RETURN OFFSHORE FUND II LTD FMV 12248097 12248097 NUVEEN GLOBAL EMERGING MARKETS FMV 12480469 12480469 GRESHAM TAP FMV 11582986 11582986 BLACKROCK COMMODITIES FMV 5351561 5351561 POWERSHARES PRIVATE EQUITY FMV 3650850 3650850 BARROW HANLY BOND FUND FMV 2398145 2398145 SKYBRIDGE FMV 10321306 10321306 BLACKSTONE STRATEGIC OFFSHORE FMV 8037822 8037822 BLACKSTONE CAYMAN FMV 1996438 1996438 AG SUPERFUND FMV 9853700 9853700 CARLYLE ENERGY FMV 1686675 1686675 ABRAAJ GROWTH FMV 2056451 2056451 INVESTEC FMV 709976 709976 LAND AND BUILDINGS, BRATTLE STREET, CAMBRIDGE 10082406 4608184 5474222 FURNITURE 90433 90433 0 OFFICE CONDO - PHOENIX 2119729 390972 1728757 CONDOMINIUM IMPROVEMENTS - PHOENIX 389901 89896 300005 CONDOMINIUM IMPROVEMENTS - PHOENIX 30980 5438 25542 PHILLIPS PLACE, CAMBRIDGE - LAND 2500000 0 2500000 PHILLIPS PLACE, CAMBRIDGE - BUILDINGS 1550255 0 1550255 PHILLIPS PLACE, CAMBRIDGE - IMPROVEMENTS 3160418 33494 3126924 PHILLIPS PLACE, CAMBRIDGE - CAP INT 443002 2461 440541 FURNITURE 160023 3809 156214 BRATTLE STREET CAPITALIZED EXPENSES 97744 0 97744 PHOENIX FURNITURE 61416 61416 0 SNELL & WILMER 28983 22506 22506 6477 SUTHERLAND 8604 0 0 8604 ROPES AND GRAY 31088 0 0 31088 CHIN AND CURTIS LLP 533 0 0 533 JONES DAY 2205 0 0 2205 OTHER LEGAL 4908 0 0 4908 PARKER BROWN 7798 0 0 7798 SPBG 12924 0 0 12924 HEALTH INSURANCE DEPOSIT 9030 10605 10605 CHANGE IN UNREALIZED APPRECIATION FOR YEAR NET OF TAX 34485179 INITIAL DEFERRED EXCISE TAX 2702693 CURRICULUM DEVELOPMENT AND RESEARCH 1084965 0 0 1084965 EVALUATION 1675 0 0 1675 GENERAL OFFICE 125824 13301 13301 125824 BOARD TRAVEL AND MEETING COSTS 329240 82116 82116 247124 INSURANCE 60406 0 0 60406 JOINT/DEMONSTRATION PROJECTS 2798521 0 0 2798521 TEMPORARY SUPPORT STAFF 98834 0 0 98834 PUBLIC AFFAIRS 111867 0 0 111867 INFORMATION TECHNOLOGY 598920 30156 30156 568764 MULTI-MEDIA 42891 0 0 42891 DISTANCE EDUCATION 420935 0 0 420935 COURSES, CONFERENCES AND MEETINGS 1073448 0 0 1073448 PROGRAM AWARDS UNDER $10,000 352726 0 0 352726 PUBLICATIONS 39558 39558 SONORAN INSTITUTE 4884 4884 EMPLOYEE PARKING 5340 5340 OTHER 7054 7054 PAYROLL RELATED 36776 36640 TENANT DEPOSIT 3014 3014 REVOLVING LOAN ACCOUNT 13000000 13491115 DEFERRED EXCISE TAX 0 1998914 DREMAN VALUE MGMT- INV. ADVICE 395132 395132 395132 0 SANDS - INV. ADVICE 290177 290177 290177 0 FRED ALGER - INV. ADVICE 161298 161298 161298 0 MERRILL LYNCH - INV ADVICE 349277 349277 349277 0 EAGLE CAPITAL MANAGEMENT - INV ADVICE 503146 503146 503146 0 CARLYLE GROUP - INV ADVICE 584713 584713 584713 0 MISC ADMIN CONSULTING FEES 46418 0 0 46418 BARROW HANLEY - INV ADVICE 160788 160788 160788 0 WENTWORTH HAUSER - INV ADVICE 193513 193513 193513 0 ARDEN SAGE - INV ADVICE 5000 5000 5000 0 MORGAN CREEK - INV ADVICE 115882 115882 115882 0 JONATHAN ROSE COMPANY 150000 150000 150000 0 SANTA BARBARA ASSET MGMT 177548 177548 177548 0 THRU MUTUAL FUND 86271 86271 86271 0 RUSSELL REYNOLD 21660 0 0 21660 OTHER INVESTMENT 920 920 920 0 BLACKROCK 42006 42006 42006 0 FOREIGN TAXES 170069 170069 170069 0 FEDERAL EXCISE 704000 0 0 704000