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 LPHAONE  M ICRO  C AP  E QUITY  F UND
     J ANUARY 31, 2013 (U NAUDITED )

 

 

 

SCHEDULE OF INVESTMENTS       
COMMON STOCK — 95.0%‡       
    Shares        Value  
      
CONSUMER DISCRETIONARY — 3.4%       

Citi Trends*

    78,268         $ 1,012,788   

Einstein Noah Restaurant Group

    61,636           792,023   

Red Robin Gourmet Burgers*

    24,662           911,754   
      

 

 

 
         2,716,565   
      

 

 

 
ENERGY — 6.2%       

Dawson Geophysical*

    54,151           1,446,915   

Natural Gas Services Group*

    73,040           1,328,597   

RigNet*

    31,804           681,242   

RPC

    97,722           1,462,898   
      

 

 

 
         4,919,652   
      

 

 

 
FINANCIAL SERVICES — 29.2%       

Banner

    53,251           1,608,180   

Berkshire Hills Bancorp

    61,936           1,498,851   

Bryn Mawr Bank

    62,722           1,451,387   

Calamos Asset Management, Cl A

    135,246           1,409,263   

Capital City Bank Group*

    25,460           285,152   

Columbia Banking System

    69,898           1,411,940   

Financial Institutions

    67,736           1,360,816   

First California Financial Group*

    98,893           793,122   

First Connecticut Bancorp

    81,152           1,140,997   

Flushing Financial

    82,101           1,300,480   

Hanmi Financial*

    24,300           399,735   

Iberiabank

    15,547           800,515   

OceanFirst Financial

    100,316           1,423,484   

Park Sterling*

    241,556           1,372,038   

Renasant

    50,459           981,428   

Sterling Bancorp, Cl N

    115,626           1,108,853   

Virginia Commerce Bancorp*

    100,514           1,320,754   

Webster Financial

    64,279           1,430,208   

West Coast Bancorp

    37,020           878,114   

WSFS Financial

    27,767           1,262,566   
      

 

 

 
         23,237,883   
      

 

 

 
HEALTH CARE — 15.8%       

BioScrip*

    117,983           1,324,949   

Hanger Orthopedic Group*

    57,317           1,646,717   

HMS Holdings*

    39,604           1,079,605   

Merit Medical Systems*

    82,048           1,138,006   

MWI Veterinary Supply*

    9,056           1,017,079   

National Research

    26,791           1,440,820   

Natus Medical *

    102,717           1,265,473   

Synergetics USA *

    120,305           625,586   

US Physical Therapy

    74,506           1,832,848   

Vocera Communications

    44,337           1,164,290   
      

 

 

 
         12,535,373   
      

 

 

 
    Shares        Value  
      
PRODUCER DURABLES — 31.0%       

Altra Holdings

    54,561         $ 1,306,736   

Astronics, Cl B*

    5,246           107,543   

Astronics*

    41,306           946,321   

AZZ

    15,067           644,717   

CRA International*

    71,351           1,326,415   

Douglas Dynamics

    58,281           768,144   

DXP Enterprises*

    23,881           1,358,829   

Exponent*

    17,923           876,256   

Forrester Research

    25,103           709,662   

GP Strategies*

    37,535           803,249   

Great Lakes Dredge & Dock

    179,374           1,682,528   

Hurco*

    49,712           1,475,452   

Knight Transportation

    56,442           900,250   

LB Foster, Cl A

    26,856           1,163,133   

LMI Aerospace*

    66,452           1,468,589   

Marten Transport

    40,759           829,853   

Multi-Color

    54,985           1,317,441   

Old Dominion Freight Line*

    29,661           1,105,762   

On Assignment*

    50,307           1,230,006   

Raven Industries

    27,905           751,481   

Standard Parking*

    39,712           832,363   

Team*

    25,717           1,126,662   

Thermon Group Holdings*

    39,565           957,473   

Titan Machinery*

    34,244           989,994   
      

 

 

 
         24,678,859   
      

 

 

 
TECHNOLOGY — 9.4%       

AXT*

    78,046           216,968   

Computer Task Group*

    67,383           1,289,711   

Dynamics Research*

    56,921           390,478   

GSI Group*

    110,359           1,048,411   

II-VI*

    45,321           771,363   

IXYS

    89,896           866,598   

Methode Electronics

    113,437           1,091,264   

PDF Solutions*

    39,072           586,861   

Seachange International*

    73,100           815,065   

Virtusa*

    20,520           424,969   
      

 

 

 
         7,501,688   
      

 

 

 

Total Common Stock

(Cost $64,865,647)

         75,590,020   
      

 

 

 
CASH EQUIVALENT — 5.1%       

BlackRock Liquidity Funds T-Fund Portfolio, 0.010% (A) (Cost $4,053,474)

    4,053,474           4,053,474   
      

 

 

 

Total Investments — 100.1%
(Cost $68,919,121)†

   

     $ 79,643,494   
      

 

 

 
 

 

1

THE ADVISORS’ INNER CIRCLE FUND    A LPHAONE  M ICRO  C AP  E QUITY  F UND
     J ANUARY 31, 2013 (U NAUDITED )
      

 

 

 

Percentages are based on Net Assets of $79,525,165.

 

  *   Non-income producing security.
  ††  

More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.

  (A)  

The rate reported is the 7-day effective yield as of January 31, 2013.

Cl — Class

As of January 31, 2013, all of the Fund’s investments are Level 1.

For the period ended January 31, 2013, there have been 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 $68,919,121, and the unrealized appreciation and depreciation were $12,178,349 and ($1,453,976) 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-001-0400

 

 

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