UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-06400

 

 

The Advisors’ Inner Circle Fund

(Exact name of registrant as specified in charter)

 

 

101 Federal Street

Boston, MA 02110

(Address of principal executive offices) (Zip code)

 

 

SEI Corporation

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code: 1-877-446-3863

Date of fiscal year end: October 31, 2013

Date of reporting period: January 31, 2013

 

 

 

Item 1. Schedule of Investments

THE ADVISORS’ INNER CIRCLE FUND    A LPHA O NE  U.S. E QUITY  L ONG  S HORT   F UND
     J ANUARY  31, 2013  (Unaudited)
      

 

 

 

SCHEDULE OF INVESTMENTS  
COMMON STOCK — 101.3%‡  
    Shares        Value  
      
CONSUMER STAPLES — 5.8%  

Altria Group

    867         $ 29,201   

Kimberly-Clark

    357           31,955   

Philip Morris International

    321           28,299   
      

 

 

 
         89,455   
      

 

 

 
ENERGY — 8.5%  

Access Midstream Partners

    684           24,952   

Cabot Oil & Gas

    377           19,898   

Kinder Morgan Energy Partners

    982           87,300   
      

 

 

 
         132,150   
      

 

 

 
FINANCIALS — 18.3%  

Bank of America

    10,020           113,426   

HCP REIT

    440           20,412   

Health Care REIT

    722           45,370   

Omega Healthcare Investors REIT

    2,010           51,376   

Two Harbors Investment REIT

    4,138           51,394   
      

 

 

 
         281,978   
      

 

 

 
HEALTH CARE — 7.5%  

Abbott Laboratories

    1,714           58,070   

Eli Lilly

    1,071           57,502   
      

 

 

 
         115,572   
      

 

 

 
INDUSTRIALS — 4.7%  

Eaton

    1,280           72,896   
      

 

 

 
INFORMATION TECHNOLOGY — 50.5%  

Cisco Systems

    4,587           94,355   

Cognizant Technology Solutions, Cl A*

    1,173           91,705   

EMC*

    2,388           58,769   

Facebook, Cl A*

    2,796           86,592   

Intel

    2,628           55,293   

International Rectifier*

    1,049           20,445   

Juniper Networks*

    2,304           51,563   

KLA-Tencor

    373           20,481   

Netscout Systems*

    2,638           68,667   

ON Semiconductor*

    13,075           102,639   

OSI Systems*

    575           31,315   

RF Micro Devices*

    2,520           12,600   

Silicon Laboratories*

    1,195           52,150   

Telefonaktiebolaget LM Ericsson ADR

    2,833           32,863   
      

 

 

 
         779,437   
      

 

 

 
MATERIALS — 3.9%  

Dow Chemical

    1,868           60,150   
      

 

 

 
    Shares        Value  
      
TELECOMMUNICATION SERVICES — 2.1%  

BCE

    737         $ 32,737   
      

 

 

 

Total Common Stock
(Cost $1,499,918)

         1,564,375   
      

 

 

 
EXCHANGE TRADED FUND — 9.9%  

i-Shares S&P 500 Index Fund
(Cost $153,850)

    1,020           153,469   
      

 

 

 

Total Investments — 111.2%

  

(Cost $1,653,768)†

       $ 1,717,844   
      

 

 

 
SCHEDULE OF SECURITIES SOLD SHORT  
COMMON STOCK — (25.9)%  
    Shares        Value  
      
INDUSTRIALS — (1.9)%  

Nidec

    (500 )       $ (28,651 ) 
      

 

 

 
INFORMATION TECHNOLOGY — (24.0)%  

Altera

    (522 )         (17,445 ) 

ASML Holding, Cl G

    (904 )         (67,882 ) 

Cree*

    (489 )         (21,100 ) 

Google, Cl A*

    (90 )         (68,012 ) 

International Business Machines

    (302 )         (61,327 ) 

OmniVision Technologies*

    (1,975 )         (30,356 ) 

Riverbed Technology*

    (612 )         (11,873 ) 

Sourcefire*

    (334 )         (14,228 ) 

Synaptics

    (467 )         (16,382 ) 

Texas Instruments

    (966 )         (31,955 ) 

Vishay Intertechnology*

    (2,756 )         (30,289 ) 
      

 

 

 
         (370,849 ) 
      

 

 

 

Total Common Stock
(Proceeds $363,055)

         (399,500 ) 
      

 

 

 

Total Securities Sold Short — (25.9)%

  

(Proceeds $363,055)††

  

     $ (399,500 ) 
      

 

 

 

 

    Percentages are based on Net Assets of $1,544,486.
*     Non-income producing security.
‡     More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.
ADR   –   American Depositary Receipt
Cl   –   Class
REIT   –   Real Estate Investment Trust

As of January 31, 2013, all of the Fund’s investments and securities sold short were considered Level 1.

 

 

1

THE ADVISORS’ INNER CIRCLE FUND    A LPHA O NE  U.S. E QUITY  L ONG  S HORT   F UND
     J ANUARY 31, 2013 (Unaudited)
      

 

 

 

For the period ended January 31, 2013, there were no transfers between Level 1 and Level 2 assets and liabilities.

 

  †   At January 31, 2013, the tax basis cost of the Fund’s investments was $1,653,768, and the unrealized appreciation and depreciation were $75,276 and ($11,200) respectively.
  ††   At January 31, 2013, the tax basis proceeds of the Fund’s securities sold short was ($363,055) and the unrealized appreciation and depreciation were $873 and ($37,318) respectively.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels, and other significant accounting policies, please refer to Note 2 of the Fund’s most recent annual or semi-annual financial statements.

ACP-QH-002-0400

    

 

 

2

Item 2. Controls and Procedures

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 as of a date within 90 days of the filing date of this report.

(b) There were no significant changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

(a) A separate certification for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)       The Advisors’ Inner Circle Fund
By (Signature and Title)      

/s/ Michael Beattie

      Michael Beattie
      President
Date: March 28, 2013      

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)      

/s/ Michael Beattie

      Michael Beattie
      President

Date: March 28, 2013

 

By (Signature and Title)      

/s/ Michael Lawson

      Michael Lawson
      Treasurer, Controller & CFO

Date: March 28, 2013