Champlain Investment Partners as of March 31, 2012

                {C}	{C}		{C}	{C}	{C}	{C}	{C}	{C}	{C}	{C}	{C}
						SHRS/ 	SH/	PUT/				VOTING
NAME OF ISSUER	TITLE	CUSIP		VALUE	PRN	PRN	CALL	INVDIS	OTHMGR	SOLE	SHARE	NONE
ABM Indust	COM	000957100	36428	1499075	SH		Sole		1089815		409260
Advent Sof	COM	007974108	2831	110600	SH		Sole		80560		30040
Advisory B	COM	00762W107	428	4835	SH		Sole		4535		300
Allied Wor	SHS	H01531104	104867	1527115	SH		Sole		1060705		466410
Altera Cor	COM	021441100	22311	560305	SH		Sole		347980		212325
American P	COM	02913V103	12442	327425	SH		Sole		238195		89230
AMETEK Inc	COM	031100100	14109	290840	SH		Sole		194290		96550
AmTrust Fi	COM	032359309	20418	759600	SH		Sole		554185		205415
Ansys Inc.	COM	03662Q105	17517	269410	SH		Sole		167110		102300
Apollo Gro	CL A	037604105	10560	273280	SH		Sole		170630		102650
Approach R	COM	03834A103	8521	230600	SH		Sole		167735		62865
AptarGroup	COM	038336103	60966	1113135	SH		Sole		771675		341460
Arcos Dora	SHS	G0457F107	10574	584495	SH		Sole		391245		193250
Argo Group	COM	G0464B107	30253	1012820	SH		Sole		738820		274000
Ariba Inc.	COM NEW	04033V203	73200	2237850	SH		Sole		1553430		684420
Arthur J. 	COM	363576109	7271	203440	SH		Sole		136440		67000
Aspen Insu	SHS	G05384105	38816	1389275	SH		Sole		1011785		377490
Avon Produ	COM	054303102	21318	1101160	SH		Sole		689735		411425
Bio-Rad La	CL A	090572207	78145	753640	SH		Sole		522620		231020
Bio-Refere	COM NEW	09057G602	17844	759010	SH		Sole		553555		205455
Bottomline	COM	101388106	38864	1390975	SH		Sole		1014595		376380
Brady Corp	CL A	104674106	40775	1260440	SH		Sole		918215		342225
Brown & Br	COM	115236101	30046	1263495	SH		Sole		921115		342380
Bryn Mawr 	COM	117665109	11440	509810	SH		Sole		372530		137280
C.R. Bard 	COM	067383109	26951	273000	SH		Sole		170140		102860
Campbell S	COM	134429109	284	8385	SH		Sole		8385
Capella Ed	COM	139594105	14471	402545	SH		Sole		292925		109620
Cardtronic	COM	14161H108	19877	757230	SH		Sole		551970		205260
CareFusion	COM	14170T101	18587	716825	SH		Sole		478975		237850
Check Poin	ORD	M22465104	17429	273010	SH		Sole		170085		102925
Church & D	COM	171340102	11340	230530	SH		Sole		141580		88950
CIRCOR Int	COM	17273K109	8376	251750	SH		Sole		183215		68535
Citrix Sys	COM	177376100	14024	177725	SH		Sole		118470		59255
CLARCOR In	COM	179895107	24907	507380	SH		Sole		370510		136870
Clorox Co.	COM	189054109	30091	437688	SH		Sole		273513		164175
Community 	COM	203607106	10921	379460	SH		Sole		277010		102450
CommVault 	COM	204166102	4643	93540	SH		Sole		58590		34950
ComScore I	COM	20564W105	32415	1515430	SH		Sole		1104870		410560
Concho Res	COM	20605P101	5576	54625	SH		Sole		34025		20600
Concur Tec	COM	206708109	83326	1452185	SH		Sole		1008085		444100
Continenta	COM	212015101	6103	71115	SH		Sole		44015		27100
Copart Inc	COM	217204106	20002	767250	SH		Sole		554880		212370
CoStar Gro	COM	22160N109	31587	457450	SH		Sole		332645		124805
Denbury Re	COM NEW	247916208	29936	1642145	SH		Sole		1026070		616075
DeVry Inc.	COM	251893103	12418	366630	SH		Sole		229430		137200
Dover Corp	COM	260003108	34606	549820	SH		Sole		343795		206025
Endurance 	SHS	G30397106	45773	1125755	SH		Sole		796725		329030
Energizer 	COM	29266R108	28652	386250	SH		Sole		242130		144120
EnPro Indu	COM	29355X107	41685	1014235	SH		Sole		740385		273850
Esterline 	COM	297425100	56231	786885	SH		Sole		543060		243825
Financial 	COM	317485100	19809	885900	SH		Sole		646620		239280
First Repu	COM	33616C100	12015	364750	SH		Sole		227725		137025
Flowers Fo	COM	343498101	75207	3692060	SH		Sole		2597235		1094825
Gardner De	COM	365558105	13937	221145	SH		Sole		147070		74075
Genomic He	COM	37244C101	23230	758915	SH		Sole		553555		205360
Gen-Probe 	COM	36866T103	81533	1227725	SH		Sole		846505		381220
Goodrich C	COM	382388106	7974	63565	SH		Sole		31740		31825
Gulfport E	COM NEW	402635304	25821	886710	SH		Sole		646830		239880
H.J. Heinz	COM	423074103	24643	460195	SH		Sole		288370		171825
Hittite Mi	COM	43365Y104	29741	547615	SH		Sole		383295		164320
Hub Group 	CL A	443320106	22935	636555	SH		Sole		464915		171640
IDEX Corp.	COM	45167R104	83763	1988200	SH		Sole		1372745		615455
IHS Inc. (	CL A	451734107	16728	178620	SH		Sole		110575		68045
II-VI Inc.	COM	902104108	4186	177000	SH		Sole		129300		47700
Independen	COM	453836108	14597	508080	SH		Sole		371000		137080
Informatic	COM	45666Q102	14015	264925	SH		Sole		176350		88575
Integra Li	COM	457985208	43818	1263120	SH		Sole		920680		342440
Intuit Inc	COM	461202103	30302	503695	SH		Sole		312495		191200
Jack Henry	COM	426281101	43751	1282270	SH		Sole		905505		376765
John Wiley	CL A	968223206	75861	1594060	SH		Sole		1115125		478935
K12 Inc.	COM	48273U102	23846	1009130	SH		Sole		735340		273790
Kellogg Co	COM	487836108	24526	457320	SH		Sole		285820		171500
Key Energy	COM	492914106	15631	1011700	SH		Sole		737700		274000
Laboratory	COM NEW	50540R409	30254	330495	SH		Sole		206920		123575
Lancaster 	COM	513847103	50477	759505	SH		Sole		554095		205410
Landstar S	COM	515098101	17370	300930	SH		Sole		218870		82060
Life Techn	COM	53217V109	34978	716470	SH		Sole		451820		264650
LogMeIn In	COM	54142L109	26712	758220	SH		Sole		552760		205460
Lufkin Ind	COM	549764108	7922	98225	SH		Sole		70975		27250
Luminex Co	COM	55027E102	29561	1265987	SH		Sole		923907		342080
Masimo Cor	COM	574795100	41449	1772840	SH		Sole		1293580		479260
Measuremen	COM	583421102	29869	886335	SH		Sole		646905		239430
MedAssets 	COM	584045108	26600	2021265	SH		Sole		1473285		547980
Medidata S	COM	58471A105	23639	887360	SH		Sole		647940		239420
Micros Sys	COM	594901100	19762	357430	SH		Sole		220840		136590
Molson Coo	CL A	60871R209	24959	551580	SH		Sole		340680		210900
Morningsta	COM	617700109	56470	895640	SH		Sole		622970		272670
Myriad Gen	COM	62855J104	43948	1857475	SH		Sole		1303335		554140
National I	COM	636518102	55271	1937989	SH		Sole		1329784		608205
Navigators	COM	638904102	35772	757250	SH		Sole		551995		205255
NeuStar In	CL A	64126X201	28333	760610	SH		Sole		555100		205510
Newfield E	COM	651290108	6479	186825	SH		Sole		117825		69000
NICE-Syste	ADR	653656108	31720	807115	SH		Sole		588035		219080
Northern O	COM	665531109	36775	1773125	SH		Sole		1293965		479160
Northern T	COM	665859104	34875	734990	SH		Sole		460240		274750
NuVasive I	COM	670704105	25508	1514730	SH		Sole		1104670		410060
Oasis Petr	COM	674215108	31255	1013770	SH		Sole		739980		273790
Oil States	COM	678026105	5515	70645	SH		Sole		47920		22725
Pall Corp.	COM	696429307	10706	179535	SH		Sole		111235		68300
Parker Han	COM	701094104	14652	173290	SH		Sole		116485		56805
Pentair In	COM	709631105	28652	601800	SH		Sole		401400		200400
Petroleum 	COM	716578109	23384	630470	SH		Sole		459535		170935
Pioneer Na	COM	723787107	16162	144830	SH		Sole		90065		54765
Qiagen N.V	REG SHS	N72482107	15561	999450	SH		Sole		622550		376900
Qlik Techn	COM	74733T105	58469	1827170	SH		Sole		1286095		541075
Quality Sy	COM	747582104	27870	637325	SH		Sole		466165		171160
Ralcorp Ho	COM	751028101	17448	235495	SH		Sole		146730		88765
Raven Indu	COM	754212108	21687	355470	SH		Sole		259525		95945
RBC Bearin	COM	75524B104	1636	35465	SH		Sole		26095		9370
Red Hat In	COM	756577102	10298	171955	SH		Sole		115255		56700
ResMed Inc	COM	761152107	19845	642010	SH		Sole		401760		240250
Resolute E	COM	76116A108	34514	3032825	SH		Sole		2211425		821400
Robbins & 	COM	770196103	26130	502015	SH		Sole		365045		136970
Roper Indu	COM	776696106	13798	139145	SH		Sole		93020		46125
Ruddick Co	COM	781258108	50632	1262635	SH		Sole		920165		342470
Sapient Co	COM	803062108	23011	1848305	SH		Sole		1348435		499870
Sensient T	COM	81725T100	57550	1514470	SH		Sole		1103770		410700
Silgan Hol	COM	827048109	44605	1009155	SH		Sole		735355		273800
Silicon Gr	COM	82706L108	7396	764080	SH		Sole		558220		205860
Smart Bala	COM	83169Y108	13380	2024160	SH		Sole		1476560		547600
Snyders-La	COM	833551104	49082	1898725	SH		Sole		1385525		513200
SolarWinds	COM	83416B109	19596	507005	SH		Sole		370135		136870
Solera Hol	COM	83421A104	25323	551820	SH		Sole		345120		206700
Spectrum B	COM	84763R101	35311	1010040	SH		Sole		736270		273770
St. Jude M	COM	790849103	16214	365920	SH		Sole		228670		137250
Strayer Ed	COM	863236105	14345	152150	SH		Sole		110920		41230
Superior E	COM	868157108	70639	2679770	SH		Sole		1864040		815730
SVB Financ	COM	78486Q101	7526	116965	SH		Sole		71800		45165
T. Rowe Pr	COM	74144T108	17595	269455	SH		Sole		167055		102400
Techne Cor	COM	878377100	26385	376390	SH		Sole		274380		102010
Teleflex I	COM	879369106	41694	681825	SH		Sole		497230		184595
TETRA Tech	COM	88162F105	23675	2513275	SH		Sole		1830775		682500
TreeHouse 	COM	89469A104	52785	887150	SH		Sole		647230		239920
TriMas Cor	COM NEW	896215209	37971	1695910	SH		Sole		1241020		454890
Tupperware	COM	899896104	54692	861290	SH		Sole		587630		273660
Ultimate S	COM	90385D107	25888	353280	SH		Sole		257830		95450
Ultra Petr	COM	903914109	4948	218630	SH		Sole		136180		82450
UMB Financ	COM	902788108	67822	1516080	SH		Sole		1105310		410770
UTi Worldw	ORD	G87210103	21737	1261560	SH		Sole		919320		342240
VCA Antech	COM	918194101	29524	1272036	SH		Sole		927156		344880
Verisk Ana	CL A	92345Y106	37737	803425	SH		Sole		495875		307550
Volcano Co	COM	928645100	21586	760620	SH		Sole		555110		205510
W.R. Berkl	COM	084423102	26156	724150	SH		Sole		450150		274000
Waddell & 	CL A	930059100	44387	1369540	SH		Sole		958640		410900
Washington	COM	940610108	15322	634725	SH		Sole		463835		170890
West Pharm	COM	955306105	69353	1630675	SH		Sole		1151440		479235
Whiting Pe	COM	966387102	36649	674940	SH		Sole		421240		253700
Willis Gro	SHS	G96666105	35179	1005700	SH		Sole		628800		376900
Wolverine 	COM	978097103	47080	1266275	SH		Sole		923885		342390
Wright Exp	COM	98233Q105	40808	630440	SH		Sole		459495		170945
Zimmer Hol	COM	98956P102	15074	234505	SH		Sole		145430		89075
Zoll Medic	COM	989922109	513	5540	SH		Sole		5200		340