Reed Conner & Birdwell

Aristotle Capital Management as of Dec. 31, 2011

Portfolio Holdings for Aristotle Capital Management

Aristotle Capital Management holds 169 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Williams-Sonoma (WSM) 7.0 $104M 2.7M 38.50
Abbott Laboratories (ABT) 3.3 $49M 867k 56.23
Te Connectivity Ltd for (TEL) 2.9 $43M 1.4M 30.81
H.J. Heinz Company 2.7 $40M 735k 54.04
EMC Corporation 2.5 $38M 1.8M 21.54
Equifax (EFX) 2.5 $38M 971k 38.74
AES Corporation (AES) 2.5 $37M 3.1M 11.84
Lowe's Companies (LOW) 2.5 $37M 1.4M 25.38
eBay (EBAY) 2.4 $37M 1.2M 30.33
General Electric Company 2.4 $36M 2.0M 17.91
JPMorgan Chase & Co. (JPM) 2.4 $36M 1.1M 33.25
J.C. Penney Company 2.4 $35M 1.0M 35.15
Unilever 2.4 $36M 1.0M 34.37
ConAgra Foods (CAG) 2.3 $35M 1.3M 26.40
General Dynamics Corporation (GD) 2.3 $34M 514k 66.41
Halliburton Company (HAL) 2.3 $34M 984k 34.51
Covidien 2.2 $32M 720k 45.01
Texas Instruments Incorporated (TXN) 2.2 $32M 1.1M 29.11
Lennar Corporation (LEN) 2.1 $32M 1.6M 19.65
SPX Corporation 2.1 $32M 532k 60.27
Baxter International (BAX) 2.1 $31M 633k 49.48
First Republic Bank/san F (FRCB) 2.0 $31M 1.0M 30.61
Pioneer Natural Resources (PXD) 2.0 $30M 330k 89.48
Hess (HES) 1.9 $29M 510k 56.80
Dow Chemical Company 1.9 $29M 1.0M 28.76
M&T Bank Corporation (MTB) 1.9 $29M 375k 76.34
Accenture (ACN) 1.8 $27M 502k 53.23
Liberty Media 1.7 $26M 1.6M 16.21
Wal-Mart Stores (WMT) 1.5 $22M 371k 59.76
Questar Corporation 1.4 $22M 1.1M 19.86
Hershey Company (HSY) 1.3 $19M 309k 61.78
International Business Machines (IBM) 1.1 $16M 88k 183.88
Banco Santander (SAN) 1.1 $16M 2.1M 7.52
Kraft Foods 1.0 $15M 413k 37.36
Home Depot (HD) 0.9 $14M 336k 42.04
Diageo (DEO) 0.9 $14M 157k 87.42
Spdr S&p 500 Etf (SPY) 0.9 $13M 106k 125.50
Suntrust Banks Inc $1.00 Par Cmn 0.9 $13M 740k 17.70
3M Company (MMM) 0.8 $12M 152k 81.73
Alleghany Corporation 0.8 $12M 41k 285.28
Parker-Hannifin Corporation (PH) 0.8 $12M 154k 76.25
Teleflex Incorporated (TFX) 0.8 $12M 189k 61.29
Time Warner 0.7 $11M 301k 36.14
Vodafone 0.7 $11M 390k 28.03
CareFusion Corporation 0.7 $10M 409k 25.41
Oracle Corporation (ORCL) 0.7 $10M 403k 25.65
Bank of New York Mellon Corporation (BK) 0.7 $10M 501k 19.91
Hospira 0.7 $10M 332k 30.37
Deere & Company (DE) 0.7 $9.8M 127k 77.35
Woodward Governor Company (WWD) 0.6 $9.6M 235k 40.93
HSBC Holdings (HSBC) 0.6 $8.3M 219k 38.10
Mitsubishi UFJ Financial (MUFG) 0.5 $8.0M 1.9M 4.19
Northrop Grumman Corporation (NOC) 0.5 $7.5M 128k 58.48
Exxon Mobil Corporation (XOM) 0.5 $6.7M 79k 84.75
Pepsi (PEP) 0.4 $6.3M 94k 66.35
Hewlett-Packard Company 0.4 $5.9M 231k 25.76
QEP Resources 0.4 $5.8M 199k 29.30
Philip Morris International (PM) 0.3 $5.1M 65k 78.48
Bank of America Corporation (BAC) 0.3 $4.7M 841k 5.56
Johnson & Johnson (JNJ) 0.3 $4.4M 67k 65.58
V.F. Corporation (VFC) 0.3 $4.5M 35k 127.00
Pfizer (PFE) 0.3 $4.2M 194k 21.64
Berkshire Hathaway (BRK.A) 0.3 $4.1M 36.00 114750.00
American Express Company (AXP) 0.2 $3.7M 79k 47.17
Total (TTE) 0.2 $3.4M 66k 51.10
Berkshire Hathaway (BRK.B) 0.2 $3.3M 43k 76.30
Sigma-Aldrich Corporation 0.2 $3.3M 54k 62.46
Banco Bilbao Vizcaya Argentaria SA (BBVA) 0.2 $3.2M 368k 8.57
Telefonaktiebolaget LM Ericsson (ERIC) 0.2 $2.6M 254k 10.13
Charles Schwab Corporation (SCHW) 0.2 $2.4M 214k 11.26
Schlumberger (SLB) 0.2 $2.4M 35k 68.32
SYSCO Corporation (SYY) 0.1 $2.2M 75k 29.34
Colgate-Palmolive Company (CL) 0.1 $1.8M 20k 92.39
Enersis 0.1 $1.8M 102k 17.63
General Mills (GIS) 0.1 $1.6M 40k 40.42
J.M. Smucker Company (SJM) 0.1 $1.6M 21k 78.19
CARBO Ceramics 0.1 $1.6M 13k 123.36
Church & Dwight (CHD) 0.1 $1.7M 37k 45.75
Weatherford International Lt reg 0.1 $1.7M 114k 14.64
Udr (UDR) 0.1 $1.6M 63k 25.10
Pulte (PHM) 0.1 $1.4M 229k 6.31
Nordstrom (JWN) 0.1 $1.6M 32k 49.71
Autoliv (ALV) 0.1 $1.5M 27k 53.48
Noble Corporation Com Stk 0.1 $1.6M 52k 30.22
ORIX Corporation (IX) 0.1 $1.5M 37k 41.02
Bunge 0.1 $1.4M 24k 57.19
United Technologies Corporation 0.1 $1.3M 18k 73.11
Cintas Corporation (CTAS) 0.1 $1.4M 40k 34.80
Beam 0.1 $1.3M 26k 51.24
BP (BP) 0.1 $1.2M 27k 42.73
Coca-Cola Company (KO) 0.1 $1.2M 17k 69.96
Teva Pharmaceutical Industries (TEVA) 0.1 $1.2M 30k 40.37
Chevron Corporation (CVX) 0.1 $1.2M 11k 106.39
Willis Group Holdings 0.1 $1.2M 30k 38.80
Franklin Electric (FELE) 0.1 $1.2M 28k 43.57
Novartis (NVS) 0.1 $1.1M 20k 57.18
Apple (AAPL) 0.1 $1.2M 2.9k 404.84
Procter & Gamble Company (PG) 0.1 $1.2M 17k 66.70
Illinois Tool Works (ITW) 0.1 $1.2M 27k 46.71
Barclays (BCS) 0.1 $1.2M 108k 10.99
Toyota Motor Corporation (TM) 0.1 $1.2M 18k 66.15
Nidec Corporation (NJDCY) 0.1 $1.2M 14k 86.95
Brookfield Asset Management 0.1 $1.1M 40k 27.48
Emerson Electric (EMR) 0.1 $1.1M 23k 46.60
iShares MSCI Taiwan Index 0.1 $1.0M 86k 11.71
Crexus Investment 0.1 $1.1M 105k 10.38
Martin Marietta Materials (MLM) 0.1 $874k 12k 75.37
W.W. Grainger (GWW) 0.1 $899k 4.8k 187.29
Yum! Brands (YUM) 0.1 $955k 16k 59.00
Dover Corporation (DOV) 0.1 $952k 16k 58.05
Chunghwa Telecom Co Ltd - (CHT) 0.1 $893k 27k 33.28
Tim Participacoes Sa- 0.1 $948k 37k 25.80
Costco Wholesale Corporation (COST) 0.1 $767k 9.2k 83.32
Kimberly-Clark Corporation (KMB) 0.1 $704k 9.6k 73.56
NII Holdings 0.1 $770k 36k 21.30
Ralcorp Holdings 0.1 $717k 8.4k 85.51
U.S. Bancorp (USB) 0.0 $640k 24k 27.05
HSN 0.0 $528k 15k 36.25
Transocean (RIG) 0.0 $627k 16k 38.41
Directv 0.0 $664k 16k 42.77
Royal Dutch Shell 0.0 $671k 8.8k 75.97
White Mountains Insurance Gp (WTM) 0.0 $627k 1.4k 453.36
Donaldson Company (DCI) 0.0 $579k 8.5k 68.12
Deutsche Bank Ag-registered (DB) 0.0 $662k 18k 37.86
Financial Select Sector SPDR (XLF) 0.0 $631k 49k 13.01
Microsoft Corporation (MSFT) 0.0 $429k 17k 25.99
McDonald's Corporation (MCD) 0.0 $462k 4.6k 100.43
VCA Antech 0.0 $422k 21k 19.76
Altra Holdings 0.0 $393k 21k 18.84
Chimera Investment Corporation 0.0 $375k 149k 2.51
iShares Russell 2000 Value Index (IWN) 0.0 $399k 6.1k 65.68
Wendy's/arby's Group (WEN) 0.0 $486k 91k 5.36
Fortune Brands (FBIN) 0.0 $428k 25k 17.02
Barrick Gold Corp (GOLD) 0.0 $253k 5.6k 45.18
Caterpillar (CAT) 0.0 $272k 3.0k 90.67
Monsanto Company 0.0 $350k 5.0k 70.00
Bristol Myers Squibb (BMY) 0.0 $251k 7.1k 35.19
At&t (T) 0.0 $297k 9.8k 30.28
Wells Fargo & Company (WFC) 0.0 $265k 9.6k 27.59
Crane 0.0 $272k 5.8k 46.63
PerkinElmer (RVTY) 0.0 $313k 16k 20.03
GlaxoSmithKline 0.0 $286k 6.3k 45.67
Nike (NKE) 0.0 $251k 2.6k 96.54
Qualcomm (QCOM) 0.0 $282k 5.2k 54.68
Washington Post Company 0.0 $269k 713.00 377.28
Coinstar 0.0 $365k 8.0k 45.63
Eagle Materials (EXP) 0.0 $262k 10k 25.64
IDEX Corporation (IEX) 0.0 $299k 8.1k 37.06
Zimmer Holdings (ZBH) 0.0 $274k 5.1k 53.38
Fair Isaac Corporation (FICO) 0.0 $263k 7.4k 35.78
Mead Johnson Nutrition 0.0 $306k 4.5k 68.72
Community Health Systems (CYH) 0.0 $279k 16k 17.44
Rosetta Resources 0.0 $261k 6.0k 43.50
Duff & Phelps Corporation 0.0 $247k 17k 14.53
GP Strategies Corporation 0.0 $333k 25k 13.49
KMG Chemicals 0.0 $237k 14k 17.31
Approach Resources 0.0 $329k 11k 29.39
Central Garden & Pet (CENTA) 0.0 $338k 41k 8.31
Symetra Finl Corp 0.0 $289k 32k 9.08
iShares Russell 2000 Growth Index (IWO) 0.0 $241k 2.9k 84.12
Liberty Media Corp lcpad 0.0 $226k 2.9k 78.07
Western Union Company (WU) 0.0 $183k 10k 18.30
International Speedway Corporation 0.0 $205k 8.1k 25.38
Chesapeake Energy Corporation 0.0 $83k 3.7k 22.34
iShares MSCI Japan Index 0.0 $200k 22k 9.10
Hallmark Financial Services 0.0 $172k 25k 6.99
Star Gas Partners (SGU) 0.0 $91k 19k 4.89
CoreLogic 0.0 $136k 11k 12.97
TCW Strategic Income Fund (TSI) 0.0 $114k 24k 4.83