2014-11-14T12:16:10-06:00 2013-12-31 521158459 HERTZBACH & COMPANY PA 800 RED BROOK BOULEVARD SUITE 300 OWINGS MILLS MD 21117 990PF 2013-01-01 522040073 THE AARON STRAUS & LILLIE STRAUS FOUNDATION INC AARO 4105398308 2 EAST READ STREET NO 100 BALTIMORE MD 21202 JAN RIVITZ PRESIDENT 4105398308 2014-11-14 1 NINA I SCHERR CPA P00029195 4103633200 2013 2015-12-30 17:16:21Z X 70703774 X X 2157835 2157835 4007489 12519414 4007489 -99659 0 6065665 6165324 297926 53627 244299 27500 0 27500 83596 13740 69856 13074 2615 16459 614467 614467 0 102168 47171 0 450 0 27105 0 27105 5107 0 5107 36901 0 36901 1208294 731620 427227 3270870 3000500 4479164 731620 3427727 1586501 5433704 45 1898606 805884 805884 77 0 0 45925 10678 10678 3355643 4607653 4607653 58028994 61144191 61144191 51953 50603 1800 1350 1350 78016 4134018 4134018 63409106 70703774 70703774 55548 71550 392000 663000 447548 734550 X 62961558 69969224 62961558 69969224 63409106 70703774 62961558 1586501 5421165 69969224 0 69969224 ADAGE CAPITAL PARTNERS LP PASS-THROUGH P 487624 487624 ADAGE CAPITAL PARTNERS LP PASS-THROUGH P 557782 557782 BRANDYWINE INVESTMENT TRUST PASS-THROUGH P 8741 8741 BRANDYWINE INVESTMENT TRUST PASS-THROUGH P 40860 40860 THE EMERGING MARKETS COUNTRY FUND PASS-THROUGH P -102405 -102405 THE EMERGING MARKETS COUNTRY FUND PASS-THROUGH P -97937 -97937 CITI HICKS MUSE PARTNERS LP PASS-THROUGH P 30 30 CITI HICKS MUSE PARTNERS LP PASS-THROUGH P -21596 -21596 CITI MASTERS OFFSHORE FUND P 2002-01-01 2013-12-31 339460 339460 339460 QUESTMARK PARTNERS LP PASS-THROUGH P 4368 4368 PUBLICLY TRADED SECURITIES - SCHWAB #4267 186127 171336 14791 14791 PUBLICLY TRADED SECURITIES - SCHWAB #4267 841123 559100 282023 282023 THE SILCHESTER INT'L INVESTORS PASS-THROUGH P 59801 59801 THE SILCHESTER INT'L INVESTORS PASS-THROUGH P 552238 552238 1997.70 SHS SILVER CREEK LONG/SHORT LTD. 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3427727 X 54337 0 54337 0 54337 105000 105000 50663 15000 35663 0 0 0 0 0 0 0 0 0 0 1 1 MD 1 0 0 0 0 1 WWW.STRAUSFOUNDATION.ORG JAN RIVITZ 4105398308 2 EAST READ STREET BALTIMORE MD 21202 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SUSAN LEVITON 500 WEST BALTIMORE STREET BALTIMORE MD 21201 DIRECTOR 0.50 0 0 0 JAN C RIVITZ 2 EAST READ STREET BALTIMORE MD 21202 PRESIDENT/TREASURER 40.00 297926 64086 0 TERRY UNDERBERG 136 EAST 56TH STREET NEW YORK NY 10022 SECRETARY 0.50 0 0 0 STEPHEN H ABRAHAM 1758 PARK ROAD NW WASHINGTON DC 200102105 DIRECTOR 0.50 0 0 0 SAMUEL HIMMELRICH 3600 CLIPPER MILL ROAD BALTIMORE MD 212111934 DIRECTOR 0.50 0 0 0 LEE E COPLAN 750 EAST PRATT STREET BALTIMORE MD 21202 VICE PRESIDENT 0.50 0 0 0 CHARLES BAUM 2545 WILKENS AVENUE BALTIMORE MD 21223 DIRECTOR 0.50 0 0 0 JANE ABRAHAM 11 SLADE AVENUE PIKESVILLE MD 21208 LIFETIME DIRECTOR EMERITA 0.50 0 0 0 NONE 0 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INVESTMENT ADVISER 100000 0 0 20608599 2128264 42630628 65367491 0 0 65367491 980512 64386979 3219349 3219349 54337 54337 3165012 0 3165012 0 3165012 3427727 0 3427727 54337 3373390 3165012 0 0 261650 719239 235320 1216209 3427727 0 0 0 3165012 262715 0 0 1478924 0 0 0 0 0 0 261650 1217274 719239 235320 262715 JAN RIVITZ 2 EAST READ STREET SUITE 100 BALTIMORE MD 21202 4105398308 COMMON GRANT APPLICATION FORM (ABAG FORM) APPLICATIONS ARE ACCEPTED YEAR-ROUND NO ENDOWMENTS OR RESTRICTIONS TO INDIVIDUALS ACLU FOUNDATION OF MARYLAND 3600 CLIPPER MILL ROAD SUITE 350 BALTIMORE MD 21211 N/A PC ALL GENERAL SUPPORT 150000 ADOPTIONS TOGETHER 4061 POWDER MILL ROAD SUITE 320 CALVERTON MD 20705 N/A PC ALL GENERAL SUPPORT 20000 ADVOCATES FOR CHILDREN AND YOUTH 8 MARKET PLACE 5TH FLOOR BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 53000 ARTS EDUCATION IN MARYLAND SCHOOLS ALLIANCE INC 175 W OSTEND STREET SUITE A-3 BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 2000 ASH FOUNDATION 2200 RESEARCH BOULEVARD 105 ROCKVILLE MD 208503289 N/A PC ALL GENERAL SUPPORT 1000 ASPEN INSTITUTE 1 DUPONT CIRCLE NW SUITE 700 WASHINGTON DC 20036 N/A PC ALL GENERAL SUPPORT 50000 ASSOCIATED BLACK CHARITIES INC 1114 CATHEDRAL STREET BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 5000 ASSOCIATION OF BALTIMORE AREA GRANTMAKERS 2 E READ STREET 2ND FLOOR BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 6500 BALTIMORE CASH CAMPAIGN 217 E REDWOOD STREET SUITE 1500 BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 55000 BALTIMORE CHESAPEAKE BAY OUTWARD BOUND 1900 EAGLE DRIVE BALTIMORE MD 21207 N/A PC ALL GENERAL SUPPORT 500 BALTIMORE CITY HEALTH DEPARTMENT 1001 E FAYETTE STREET BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 25000 BALTIMORE EDUCATION RESEARCH CONSORTIUM 2701 N CHARLES STREET SUITE 300 BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 20000 BALTIMORE MENTAL HEALTH SYSTEMS 201 EAST BALTIMORE STREET SUITE 1340 BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 75000 BALTIMORE MUSEUM OF ART 210 ART MUSEUM DRIVE BALTIMORE MD 212183898 N/A PC ALL GENERAL SUPPORT 3500 BALTIMORE SCHOOL FOR THE ARTS FOUNDATION 712 CATHEDRAL STREET BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 4000 BRIDGESPAN GROUP 535 BOYLSTON STREET 10TH FLOOR BOSTON MA 02116 N/A PC ALL GENERAL SUPPORT 55000 CAMP AIRY AND CAMP LOUISE FOUNDATION INC 5750 PARK HEIGHTS AVENUE BALTIMORE MD 21215 N/A PC ALL GENERAL SUPPORT 612500 CASA DE MARYLAND INC 8151 15TH AVENUE LANGLEY PARK MD 20783 N/A PC ALL GENERAL SUPPORT 2500 CATHOLIC HIGH SCHOOL OF BALTIMORE 2800 EDISON HIGHWAY BALTIMORE MD 21213 N/A PC ALL GENERAL SUPPORT 4000 CENTRAL SCHOLARSHIP 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 N/A PC ALL GENERAL SUPPORT 156000 CHANA 101 WEST MOUNT ROYAL AVENUE BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 25000 CHESAPEAKE BAY FOUNDATION 6 HERNDON AVENUE ANNAPOLIS MD 21403 N/A PC ALL GENERAL SUPPORT 1000 CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 N/A PC ALL GENERAL SUPPORT 800 CORNWALL REGIONAL HOSPITAL HOSPITAL MAIN BUILDING MONTEGO BAY JM N/A PC ALL GENERAL SUPPORT 1040 DEFENDERS OF WILDLIFE PO BOX 1553 MERRIFIELD VA 221161553 N/A PC ALL GENERAL SUPPORT 550 EVERYMAN THEATRE 315 W FAYETTE STREET BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 22500 FH FOUNDATION 1515 HOPE STREET SUITE 204 SOUTH PASADENA CA 91030 N/A PC ALL GENERAL SUPPORT 1000 FONZ PO BOX 37012 MRC 5516 WASHINGTON DC 200137012 N/A PC ALL GENERAL SUPPORT 200 FOUNDATION FOR WOMEN'S WELLNESS 1000 SOUTH RACE STREET DENVER CO 80209 N/A PC ALL GENERAL SUPPORT 400 FOUNDATION OF THE NATIONAL LIPID ASSOCIATION 6816 SOUTHPOINT PARKWAY SUITE 1000 JACKSONVILLE FL 32216 N/A PC ALL GENERAL SUPPORT 2000 FREESTATE LEGAL PROJECT INC 1111 NORTH CHARLES STREET FOURTH FLOOR BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 3000 FRIENDS OF COMPASS INC 1350 CONNECTICUT AVE SW WASHINGTON DC 20006 N/A PC ALL GENERAL SUPPORT 750 FUND FOR EDUCATIONAL EXCELLENCE 800 N CHARLES STREET SUITE 400 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 210000 GIRL SCOUTS OF CENTRAL MARYLAND 4806 SETON DRIVE BALTIMORE MD 21215 N/A PC ALL GENERAL SUPPORT 4000 GREATER BALTIMORE CULTURAL ALLIANCE 1800 N CHARLES STREET SUITE 810 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 2500 GREEN STREET ACADEMY FOUNDATION 201 NORTH BEND ROAD BALTIMORE MD 21229 N/A PC ALL GENERAL SUPPORT 1000 HORACE MANN SCHOOL 231 WEST 246TH STREET BRONX NY 10471 N/A PC ALL GENERAL SUPPORT 2500 INCENTIVE MENTORING PROGRAM PO BOX 1584 BALTIMORE MD 21203 N/A PC ALL GENERAL SUPPORT 20000 INNER HARBOR PROJECT 650 SOUTH EXETER STREET 200 BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 5000 JEWISH MUSEUM OF MARYLAND 15 LLOYD STREET BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 5000 JOHNS HOPKINS KIMMEL CANCER CENTER 750 E PRATT STREET SUITE 1700 BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 10000 JOHNS HOPKINS SCHOOL OF MEDICINE 200 N WOLFE ST SUITE 2017 BALTIMORE MD 21287 N/A PC ALL GENERAL SUPPORT 25000 JOHNS HOPKINS UNIVERSITY - CENTRO SOL ROOM 2055 200 N WOLFE STREET BALTIMORE MD 21287 N/A PC ALL GENERAL SUPPORT 100000 JOHNS HOPKINS UNIVERSITY - HARRIET LANE CLINIC 200 N WOLFE ST SUITE 2055 BALTIMORE MD 21287 N/A PC ALL GENERAL SUPPORT 75000 KIPP BALTIMORE 4701 GREENSPRING AVENUE BALTIMORE MD 21209 N/A PC ALL GENERAL SUPPORT 75000 KRIPALU CENTER FOR YOGA AND HEALTH PO BOX 309 STOCKBRIDGE MA 01262 N/A PC ALL GENERAL SUPPORT 1500 LEAVE NO TRACE PO BOX 997 BOULDER CO 80306 N/A PC ALL GENERAL SUPPORT 250 LIFEBRIDGE HEALTH 2401 WEST BELVEDERE AVENUE BALTIMORE MD 21215 N/A PC ALL GENERAL SUPPORT 8000 MERCY HEALTH FOUNDATION 301 SAINT PAUL PLACE BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 1000 METRO ATLANTA RECOVERY RESIDENCES INC PO BOX 48349 DORAVILLE GA 30362 N/A PC ALL GENERAL SUPPORT 5000 MULTICULTURAL CAREER INTERN PROGRAM (MCIP) 3101 16TH STREET NW WASHINGTON DC 20010 N/A PC ALL GENERAL SUPPORT 200 NATIONAL COUNCIL ON TEACHER QUALITY 1420 NEW YORK AVENUE NW - SUITE 800 WASHINGTON DC 20005 N/A PC ALL GENERAL SUPPORT 10000 NATIONAL OUTDOOR LEADERSHIP SCHOOL 284 LINCOLN STREET LANDER WY 825202848 N/A PC ALL GENERAL SUPPORT 300 NATIONAL RESOURCES DEFENSE COUNCIL 40 W 20TH ST NEW YORK NY 10011 N/A PC ALL GENERAL SUPPORT 4000 NEW LEADERS 1500 UNION AVENUE SUITE 1400 BALTIMORE MD 21211 N/A PC ALL GENERAL SUPPORT 25000 NYU CENTER FOR THE PREVENTION OF CARDIOVASCULAR DISEASE 530 FIRST AVENUE SKIRBALL 9U NEW YORK NY 10016 N/A PC ALL GENERAL SUPPORT 1000 NYU SCHOOL OF MEDICINE 550 FIRST AVENUE OBV-619A NEW YORK NY 10016 N/A PC ALL GENERAL SUPPORT 2000 OPEN SOCIETY INSTITUTE - BALTIMORE 201 NORTH CHARLES STREET SUITE 1300 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 2000 PACT 7000 TUDSBURY RD BALTIMORE MD 21244 N/A PC ALL GENERAL SUPPORT 2000 PAUL'S PLACE 1118 WARD STREET BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 35000 PRINCETON CENTER FOR LEADERSHIP TRAINING 911 COMMONS WAY PRINCETON NJ 08540 N/A PC ALL GENERAL SUPPORT 40000 RONALD MCDONALD HOUSE CHARITIES INC 26345 NETWORK PLACE CHICAGO IL 606731263 N/A PC ALL GENERAL SUPPORT 300 SAMUEL READY SCHOLARSHIPS INC PO BOX 202 RIDERWOOD MD 211390202 N/A PC ALL GENERAL SUPPORT 4000 SIDDHA YOGA MEDIATION CENTER OF ATLANTA 2531 BRIARCLIFF ROAD SUITE 101 ATLANTA GA 30329 N/A PC ALL GENERAL SUPPORT 1500 STATION NORTH ARTS & ENTERTAINMENT INC 1 W NORTH AVENUE BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 20000 STEPHEN D HASSENFELD CHILDREN'S CENTER FOR CANCER AND BLOOD DISORDERS ONE PARK AVENUE 17TH FLOOR NEW YORK NY 10016 N/A PC ALL GENERAL SUPPORT 1000 TAHIRIH JUSTICE CENTER 6402 ARLINGTON BLVD SUITE 300 FALLS CHURCH VA 22042 N/A PC ALL GENERAL SUPPORT 50000 TEACH FOR AMERICA - BALTIMORE 2601 N HOWARD STREET BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 280000 TEMPLE UNIVERSITY COLLEGE OF EDUCATION 1301 CECIL B MOORE AVENUE RITTER ANNEX SUITE 460 PHILADELPHIA PA 19122 N/A PC ALL GENERAL SUPPORT 24000 THE ASSOCIATED 101 WEST MOUNT ROYAL AVENUE BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 520460 UMBC FOUNDATION 1000 HILLTOP CIRCLE 8TH FLOOR ADMINISTRATION BUILDING BALTIMORE MD 21250 N/A PC ALL GENERAL SUPPORT 2000 UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC 620 W LEXINGTON STREET 2ND FLOOR BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 2000 URBAN TEACHER CENTER 1500 UNION AVENUE SUITE 2200 BALTIMORE MD 21211 N/A PC ALL GENERAL SUPPORT 50000 WASHINGTON AND LEE UNIVERSITY 204 W WASHINGTON ST LEXINGTON VA 24450 N/A PC ALL GENERAL SUPPORT 1000 WASHINGTON HEBREW CONGREGATION 3935 MACOMB STREET NW WASHINGTON DC 20016 N/A PC ALL GENERAL SUPPORT 250 WILDERNESS LEADERSHIP & LEARNING INC (WILL) 1758 PARK ROAD NW WASHINGTON DC 20010 N/A PC ALL GENERAL SUPPORT 12500 WORLD WILDLIFE FUND 1250 TWENTY-FOURTH STREET NW PO BOX 97180 WASHINGTON DC 200907180 N/A PC ALL GENERAL SUPPORT 500 3000500 TEMPLE UNIVERSITY COLLEGE OF EDUCATION 1301 CECIL B MOORE AVENUE RITTER ANNEX SUITE 460 PHILADELPHIA PA 19122 N/A PC ALL GENERAL SUPPORT 48000 FUND FOR EDUCATIONAL EXCELLENCE 800 N CHARLES STREET SUITE 400 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 15000 BALTIMORE MENTAL HEALTH SYSTEMS 201 EAST BALTIMORE STREET SUITE 1340 BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 150000 CENTRAL SCHOLARSHIP 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 N/A PC ALL GENERAL SUPPORT 50000 JOHNS HOPKINS SCHOOL OF MEDICINE 200 N WOLFE ST SUITE 2017 BALTIMORE MD 21287 N/A PC LATINO HEALTH 400000 663000 14 2157835 18 4007489 PASS THROUGH PARTNERSHIP K-1 900099 -99659 -99659 6165324 0 6065665 0 0 0 0 0 0 0 0 0 0 INDIRECT ACCOUNTING FEES 13074 2615 16459 OFFICE FURNITURE 2001-01-23 13526 13526 200DB 7.000000000000 0 0 SHARP COPIER 2001-12-31 3865 3865 200DB 7.000000000000 0 0 WAITING ROOM FURNITURE 2001-12-31 13708 13708 200DB 7.000000000000 0 0 ARTWORK - JAN'S OFFICE 2001-12-31 1968 1968 200DB 7.000000000000 0 0 TOSHIBA PHONE SYSTEM 2001-12-31 2448 2448 200DB 7.000000000000 0 0 NETWORK WEBSITE 2004-02-26 5000 5000 SL 5.000000000000 0 0 DESIGN/PRODUCE WEBSITE 2004-10-11 5000 5000 SL 5.000000000000 0 0 LAPTOP COMPUTER 2005-10-05 1724 1724 SL 5.000000000000 0 0 DESK CHAIR 2000-06-22 690 690 200DB 7.000000000000 0 0 JAN AND PAT'S COMPUTER 2005-06-30 1524 1524 200DB 5.000000000000 0 0 VIDEO CONFERENCE EQUIP 2011-08-02 2500 700 SL 5.000000000000 450 0 RECONCILIATION OF WAGES ON FORM 990-PF TO FORM W-3 FORM 990-PF PART I LINES 13 & 14 FORM 990-PF PART I LINE 13 $297,926FORM 990-PF PART I LINE 14 27,500SHARING OF EMPLOYEES WITH UNRELATED ORGANIZATIONS 23,500 ----------TOTAL WAGES ON FORM W-3 BOX 5 $348,926 ========== FORM 8886, LINE 7(B): THE ORGANIZATION INVESTS IN BRANDYWINE INVESTMENT TRUST - INTERNATIONAL FIXED INCOME PORTFOLIO (PARTNERSHIP) WHICH INVESTS IN FOREIGN FORWARD CONTRACTS, SECURITIES AND RELATED FINANCIAL INSTRUMENTS. AS PART OF SUCH ACTIVITY, THE PARTNERSHIP HOLDS NON-U.S. DOLLAR DENOMINATED ASSETS AND CURRENCIES. THE REGULAR ACTIVITY AND PURPOSE OF THE PARTNERSHIP IS TO GENERATE A PRE-TAX ECONOMIC RATE OF RETURN. THE AMOUNT OF SUCH NON-U.S DOLLAR DENOMINATED ASSETS AND CURRENCIES INCREASE AND/OR DECREASE THROUGHOUT THE YEAR AT FREQUENT INTERVALS. THE PARTNERSHIP HAS FORWARD CURRENCY TRANSACTIONS WHERE LOSSES WERE CLAIMED UNDER IRC SECTION 165 THAT EXCEEDED THE RELEVANT $2 MILLION REPORTABLE LOSS THRESHOLD. THE LOSSES ARE CHARACTERIZED AS ORDINARY LOSSES UNDER IRC SECTION 988. THE PARTNERSHIP ALSO HAS FOREIGN BOND TRANSACTIONS WHEREBY ANY GAIN OR LOSS ON THE SALE OF THOSE BONDS IS BIFURCATED INTO A CURRENCY GAIN OR LOSS AND CAPITAL GAIN OR LOSS. CURRENCY LOSSES WERE CLAIMED UNDER SECTION 165 AND THOSE IN EXCESS OF THE $2 MILLION THRESHOLD ARE BEING DISCLOSED. THE LOSSES ARE CHARACERIZED AS ORDINARY LOSSES UNDER IRC SECTION 988. THE ADJUSTED TAX BASIS OF NON-U.S. DOLLAR DENOMINATED ASSETS AND CURRENCIES OBTAINED BY THE PARTNERSHIP ARE DETERMINED BY WAY OF CASH PAID AND GAINS AND LOSSES ON SUCH TRANSACTIONS ARE CHARACTERIZED AS ORDINARY UNDER INTERNAL REVENUE CODE SECTION 988. THESE TRANSACTIONS ARE NOT PART OF A HEDGING STRATEGY OR STRADDLE TRANSACTION AND PRODUCED REAL ECONOMIC LOSSES. THE ORGANIZATION'S SHARE OF THE REPORTABLE LOSS TRANSACTIONS RELATED TO CURRENCY FORWARDS ARE:CURRENCY PAYABLE TRADE DATE 2/28/2013 USD 130,949CURRENCY RECEIVABLE SETTLE DATE 8/23/2013 BRL 111,195 _______RECOGNIZED LOSS -19,754 CERES INC (2,003 SHS) 2764 2764 ANSYS INC (2,560 SHS) 223232 223232 CELGENE CORP (603 SHS) 101888 101888 CLEAN HARBORS INC (1585 SHS) 95037 95037 CONCHO RESOURCES INC (855 SHS) 92340 92340 CONCUR TECHNOLOGIES INC (1,108 SHS) 114323 114323 CORE LABORATORIES N V F (505 SHS) 96430 96430 COSTAR GROUP INC (572 SHS) 105580 105580 DEALERTRACK TECHNOLOGIES (1,870 SHS) 89910 89910 DISCOVER FINANCIAL SVCS (884 SHS) 49460 49460 ECOLAB INC (1,555 SHS) 162140 162140 EXAMWORKS GROUP INC (1,665 SHS) 49734 49734 EXPEDITORS INTL WASH (3,350 SHS) 148238 148238 EXPONENT INC (1,100 SHS) 85001 85001 FASTENAL CO (4,885 SHS) 232086 232086 HEALTHCARE SVC GROUP INC (3,453 SHS) 97962 97962 JACOBS ENGINEERING GROUP (1,735 SHS) 109288 109288 LKQ CORP (5,920 SHS) 194768 194768 MARKEL CORP (287 SHS) 166560 166560 MONSANTO CO NEW DEL (430 SHS) 50117 50117 MOODYS CORP (1,415 SHS) 111035 111035 NIC INC (1,660 SHS) 41284 41284 PANERA BREAD CO CL A (280 SHS) 49473 49473 QUALCOMM INC (2,250 SHS) 167063 167063 REDHAT INC (2,365 SHS) 132535 132535 ROPER INDUSTRIES INC (1,090 SHS) 151161 151161 T ROWE PRICE GROUP INC (1,065 SHS) 89215 89215 S E I INVESTMENTS CO (4,010 SHS) 139267 139267 SCHLUMBERGER LTD (1,417 SHS) 127686 127686 SIGNET JEWELERS LTD (1,195 SHS) 94047 94047 SOUTHWESTERN ENERGY CO (1,605 SHS) 63125 63125 STERICYCLE INC (1,550 SHS) 180064 180064 TRIMBLE NAVIGATION LTD (6,530 SHS) 226591 226591 TYLER TECHNOLOGIES INC (855 SHS) 87321 87321 VERISK ANALYTICS INC CL A (2,045 SHS) 134397 134397 VISA INC CL A (905 SHS) 201525 201525 WAGEWORKS INC (1,520 SHS) 90349 90349 WASTE CONNECTIONS INC (2,727 SHS) 118979 118979 3 D SYSTEMS CORP (1,460 SHS) 135678 135678 SALOMON SB HICKS MUSE PARTNERS LP FMV 92730 92730 QUESTMARK PARTNERS LP FMV 45452 45452 MASTERS OFFSHORE FUND FMV 364249 364249 SILVER CREEK LONG SHORT FMV 294083 294083 THE BALTIMORE FUND FMV 387 387 HIGHFIELDS CAPITAL IV LP FMV 5693878 5693878 BRANDYWINE INVESTMENT TRUST FMV 2520846 2520846 SILVER CREEK III FMV 3249402 3249402 ADAGE CAPITAL PARTNERS LP FMV 12566822 12566822 JOHCM INTERNATIONAL SELECT FUND FMV 3471434 3471434 THE SILCHESTER INTERNATIONAL INVEST FMV 9476890 9476890 THE WEATHERLOW OFFSHORE FUND FMV 2912004 2912004 BLUECREST ALLBLUE FUND FMV 2053526 2053526 PIMCO TOTAL RETURN FUND INSTL CL (562,254.849 SHS) FMV 6010504 6010504 VANGUARD SHORT TERM BD INDEX SIGNAL (286,686.52 SHS) FMV 3007342 3007342 ACADIAN EMERGING MKTS PORTFOLIO INST CL (183,878.852 SHS) FMV 3372338 3372338 PIMCO COMMODITY REAL RETURN STRAT INST (429,042.113 SHS) FMV 2355441 2355441 T ROWE PRICE NEW ERA FUND (68,775.047 SHS) FMV 3054988 3054988 VANGUARD FTSE EMERGING MARKET ETF (12,806.1265 SHS) FMV 526844 526844 AMERICAN TOWER CORP REIT (940 SHS) FMV 75031 75031 OFFICE FURNITURE 13526 13526 0 SHARP COPIER 3865 3865 0 WAITING ROOM FURNITURE 13708 13708 0 ARTWORK - JAN'S OFFICE 1968 1968 0 TOSHIBA PHONE SYSTEM 2448 2448 0 NETWORK WEBSITE 5000 5000 0 DESIGN/PRODUCE WEBSITE 5000 5000 0 LAPTOP COMPUTER 1724 1724 0 DESK CHAIR 690 690 0 JAN AND PAT'S COMPUTER 1524 1524 0 VIDEO CONFERENCE EQUIP 2500 1150 1350 EXECUTIVE COMPENSATION PLAN 78016 97574 97574 DISTRIBUTION RECEIVABLE 0 3808005 3808005 HOLDBACK RECEIVABLE 0 228439 228439 BANK CHARGES 35 0 35 COMPUTER EXPENSE 819 0 819 DUES AND SUBSCRIPTIONS 8370 0 8370 INSURANCE 3480 0 3480 INTERNET EXPENSE 239 0 239 MANAGEMENT FEE 6078 0 6078 MEALS AND ENTERTAINMENT 4585 0 4585 OFFICE SUPPLIES 5957 0 5957 PARKING 2876 0 2876 PAYROLL PROCESSING 1050 0 1050 POSTAGE 1012 0 1012 MISCELLANEOUS 2400 0 2400 PASS THROUGH PARTNERSHIP K-1 -99659 0 -99659 UNREALIZED GAIN 5421165 INVESTMENT ADVISOR 100319 100319 0 INVESTMENT EXPENSES 514148 514148 0 FOREIGN AND EXCISE TAXES PAID 102168 47171 0