Capital Counsel

Capital Counsel as of Sept. 30, 2012

Portfolio Holdings for Capital Counsel

Capital Counsel holds 0 positions in its portfolio as reported in the September 2012 quarterly 13F filing

                FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
{S}                            {C}              {C}       {C}      {C}      {C} {C}  {C}     {C}          {C}      {C}      {C}

3M                             COM              88579Y101     2684         29046 SH       Sole                    29046
ABBOTT LABORATORIES            COM              002824100      826         12050 SH       Sole                    12050
AMAZON COM INC                 COM              023135106      467          1838 SH       Sole                     1838
AMERICAN EXPRESS CO            COM              025816109     2007         35300 SH       Sole                    35300
AMERIPRISE FINL                COM              03076c106      323          5700 SH       Sole                     5700
AMGEN INC                      COM              031162100     1098         13022 SH       Sole                    13022
ANSYS INC COM                  COM              03662Q105     2944         40104 SH       Sole                    40104
APPLE INC                      COM              037833100     3192          4785 SH       Sole                     4785
APTARGROUP INC COM             COM              038336103    27131        524675 SH       Sole                   524675
ARCH CAPITAL GROUP LTD         COM              g0450a105      241          5790 SH       Sole                     5790
AT^T                           COM              00206r102      440         11671 SH       Sole                    11671
AUTOMATIC DATA PROCESSING INC  COM              053015103   111526       1901232 SH       Sole                  1901232
BAKER HUGHES INC               COM              057224107      565         12501 SH       Sole                    12501
BANK OF AMERICA                COM              060505104      333         37658 SH       Sole                    37658
BERKSHIRE HATHAWAY INC         COM              084670702    16764        190068 SH       Sole                   190068
BERKSHIRE HATHAWAY INC DEL CL  COM              084670108     2389            18 SH       Sole                       18
BOSTON PROPERTIES INC COM      COM              101121101      423          3825 SH       Sole                     3825
BP PRUDHOE BAY RTY TR UNIT BEN COM              055630107      310          3300 SH       Sole                     3300
BRISTOL MYERS SQUIBB CO COM    COM              110122108      229          6797 SH       Sole                     6797
BROOKFIELD OFFICE PPTYS INC CO COM              112900105      194         11700 SH       Sole                    11700
C H ROBINSON WORLDWIDE INC     COM              12541W209    88683       1513877 SH       Sole                  1513877
CENOVUS ENERGY INC             COM              15135U109    73833       2118598 SH       Sole                  2118598
CHEVRONTEXACO                  COM              166764100      452          3880 SH       Sole                     3880
CHURCH & DWIGHT INC COM        COM              171340102     3868         71642 SH       Sole                    71642
CISCO SYS                      COM              17275R102      336         17622 SH       Sole                    17622
CME GROUP INC                  COM              12572Q105    68828       1201400 SH       Sole                  1201400
COCA COLA                      COM              191216100    19366        510562 SH       Sole                   510562
COCA COLA ENTERPRISES INC      COM              19122t109     3718        118890 SH       Sole                   118890
COLGATE PALMOLIVE              COM              194162103      976          9100 SH       Sole                     9100
COSTCO WHOLESALE               COM              22160k105    29843        297957 SH       Sole                   297957
CSX                            COM              126408103      247         11910 SH       Sole                    11910
DANAHER                        COM              235851102     3527         63955 SH       Sole                    63955
DISNEY WALT                    COM              254687106     1095         20941 SH       Sole                    20941
DONALDSON INC                  COM              257651109   114155       3288819 SH       Sole                  3288819
E M C                          COM              268648102      328         12035 SH       Sole                    12035
EMERSON ELECTRIC               COM              291011104      431          8925 SH       Sole                     8925
EXPRESS SCRIPTS HOLDING CO     COM              30219G108   156995       2506707 SH       Sole                  2506707
EXXON MOBIL CORP               COM              30231G102    34544        377741 SH       Sole                   377741
FASTENAL                       COM              311900104    10541        245206 SH       Sole                   245206
FLOWERS FOODS                  COM              343498101      235         11664 SH       Sole                    11664
FORD MTR                       COM              345370860      108         11000 SH       Sole                    11000
FRANKLIN RESOURCES             COM              354613101      251          2005 SH       Sole                     2005
GENERAL ELECTRIC               COM              369604103      980         43133 SH       Sole                    43133
GENERAL GROWTH PROPERTIES      COM              370023103      733         37615 SH       Sole                    37615
GENERAL MILLS                  COM              370334104      217          5450 SH       Sole                     5450
GILEAD SCIENCES                COM              375558103     2874         43328 SH       Sole                    43328
GOOGLE INC CL A                COM              38259P508      263           349 SH       Sole                      349
HOME DEPOT                     COM              437076102     1016         16825 SH       Sole                    16825
HUBBELL CLASS B                COM              443510201      707          8762 SH       Sole                     8762
IDEXX LABORATORIES INC         COM              45168D104    60047        604395 SH       Sole                   604395
INTEL CORP                     COM              458140100    76336       3369516 SH       Sole                  3369516
INTL BUSINESS MACHINES         COM              459200101     4950         23859 SH       Sole                    23859
J.P. MORGAN CHASE              COM              46625H100      407         10061 SH       Sole                    10061
JOHNSON AND JOHNSON CO         COM              478160104     6960        101002 SH       Sole                   101002
LAUDER ESTEE COS CL A          COM              518439104      551          8946 SH       Sole                     8946
LEUCADIA NATIONAL              COM              527288104      269         11825 SH       Sole                    11825
LOEWS CORP                     COM              540424108      664         16097 SH       Sole                    16097
LORILLARD INC COM              COM              544147101     1130          9707 SH       Sole                     9707
MARKWEST ENERGY PARTNERS L P U COM              570759100      653         12000 SH       Sole                    12000
MAXIM INTERGRATED PRODS        COM              57772K101      522         19602 SH       Sole                    19602
MC GRAW HILL COMPANIES         COM              580645109      211          3872 SH       Sole                     3872
MCCORMICK & CO INC COM NON VTG COM              579780206     6827        110036 SH       Sole                   110036
MEAD JOHNSON NUTRITION CO COM  COM              582839106    24659        336508 SH       Sole                   336508
MERCK & CO INC NEW             COM              58933Y105     5006        111006 SH       Sole                   111006
METTLER-TOLEDO INTERNATIONAL I COM              592688105   112080        656434 SH       Sole                   656434
MICROSOFT                      COM              594918104      702         23599 SH       Sole                    23599
MUELLER INDS INC COM           COM              624756102      387          8510 SH       Sole                     8510
NATIONAL OILWELL VARCO INC     COM              637071101    61414        766620 SH       Sole                   766620
NORFOLK SOUTHERN CORP COM      COM              655844108     4842         76099 SH       Sole                    76099
OCCIDENTAL PETE                COM              674599105    19968        232028 SH       Sole                   232028
ORACLE                         COM              68389X105      236          7500 SH       Sole                     7500
PEOPLES UNITED FINANCIAL INC C COM              712704105      158         13000 SH       Sole                    13000
PEPSICO                        COM              713448108     3367         47582 SH       Sole                    47582
PFIZER                         COM              717081103      447         18000 SH       Sole                    18000
PHILIP MORRIS INTL             COM              718172109     1001         11130 SH       Sole                    11130
PLAINS ALL AMERN PIPELINE L P  COM              726503105      353          4000 SH       Sole                     4000
PLANTRONICS NEW                COM              727493108      212          6000 SH       Sole                     6000
PNC BK                         COM              693475105      442          7000 SH       Sole                     7000
PRAXAIR                        COM              74005P104      262          2523 SH       Sole                     2523
PRICE T ROWE GROUP INC COM     COM              74144T108    23964        378572 SH       Sole                   378572
PROCTER & GAMBLE               COM              742718109     1225         17665 SH       Sole                    17665
RANGE RES CORP COM             COM              75281A109      259          3700 SH       Sole                     3700
SIGMA ALDRICH                  COM              826552101    81084       1126602 SH       Sole                  1126602
STATE STREET                   COM              857477103      587         14000 SH       Sole                    14000
STERICYCLE INC COM             COM              858912108     5458         60325 SH       Sole                    60325
STRYKER CORP                   COM              863667101      223          4000 SH       Sole                     4000
SYSCO                          COM              871829107     2771         88627 SH       Sole                    88627
TANGER FACTORY OUTLET CTRS INC COM              875465106      381         11770 SH       Sole                    11770
TARGA RESOURCES PARTNERS LP CO COM              87611X105      643         15000 SH       Sole                    15000
TECHNE CORP                    COM              878377100    37554        522012 SH       Sole                   522012
TERADATA CORP                  COM              88076W103   110447       1464615 SH       Sole                  1464615
TIFFANY & CO                   COM              886547108      204          3300 SH       Sole                     3300
TJX COS                        COM              872540109     2925         65300 SH       Sole                    65300
UNILEVER NV                    COM              904784709      932         26270 SH       Sole                    26270
UNION PAC CORP COM             COM              907818108      671          5654 SH       Sole                     5654
UNITED TECHNOLOGIES            COM              913017109      462          5900 SH       Sole                     5900
V F CORP                       COM              918204108      506          3175 SH       Sole                     3175
VALLEY NATL BANCORP COM        COM              919794107      447         44591 SH       Sole                    44591
VARIAN MED SYS INC             COM              92220P105    68562       1136640 SH       Sole                  1136640
VIMPELCOM LTD SPONSORED ADR    COM              92719A106      143         12000 SH       Sole                    12000
VISA INC-A                     COM              92826C839    31114        231710 SH       Sole                   231710
VORNADO RLTY TR SH BEN INT     COM              929042109      409          5048 SH       Sole                     5048
WABTEC                         COM              929740108    81148       1010688 SH       Sole                  1010688
WAL MART STORES                COM              931142103      646          8749 SH       Sole                     8749
WELLS FARGO & COMPANY          COM              949746101      758         21950 SH       Sole                    21950
WESTERN UNION                  COM              959802109      262         14400 SH       Sole                    14400
WHITE MOUNTAINS INSURANCE GROU COM              G9618E107     3183          6200 SH       Sole                     6200
WHITING PETE                   COM              966387102      877         18500 SH       Sole                    18500
WRIGHT EXPRESS CORP            COM              98233Q105    35974        515982 SH       Sole                   515982
XILINX                         COM              983919101     1627         48700 SH       Sole                    48700
YUM! BRANDS INC                COM              988498101      859         12944 SH       Sole                    12944
SIMON PPTY GROUP INC NEW COM   COM              828806109      340          2240 SH       Sole                     2240
VANGUARD S^P 500 ETF           COM              922908413      435          6600 SH       Sole                     6600
GLAXOS MITHKLINE PLC ADR       COM              37733W105      379          8200 SH       Sole                     8200
ROYAL DUTCH SHELL PLC-ADR A    COM              780259206      369          5320 SH       Sole                     5320
SCHLUMBERGER LTD COM           COM              806857108      839         11595 SH       Sole                    11595
ENTERPRISE PRODUCTS PARTNER LP COM              293792107      225          4200 SH       Sole                     4200
GENESIS ENERGY L P UNIT LTD PA COM              371927104      639         19000 SH       Sole                    19000
REPORT SUMMARY                 118 DATA RECORDS             1687831            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED