Champlain Investment Partners as of June 30, 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	24547	1254935	SH		Sole		912865		342070
Advent Sof	COM	007974108	7676	283160	SH		Sole		208040		75120
Advisory B	COM	00762W107	343	6910	SH		Sole		6560		350
Allied Wor	SHS	H01531104	116697	1468445	SH		Sole		1054850		413595
Altera Cor	COM	021441100	26568	785110	SH		Sole		543685		241425
American P	COM	02913V103	10477	327400	SH		Sole		238190		89210
Ametek Inc	COM	031100100	11694	234300	SH		Sole		161150		73150
AmTrust Fi	COM	032359309	22507	757555	SH		Sole		552210		205345
Ansys Inc.	COM	03662Q105	16422	260220	SH		Sole		179795		80425
Apollo Gro	CL A	037604105	9722	268630	SH		Sole		185080		83550
Approach R	COM	03834A103	32087	1256355	SH		Sole		914175		342180
AptarGroup	COM	038336103	56406	1104910	SH		Sole		792735		312175
Arcos Dora	SHS	G0457F107	14762	998760	SH		Sole		693210		305550
Argo Group	COM	G0464B107	29568	1010180	SH		Sole		736260		273920
Ariba Inc.	COM NEW	04033V203	89347	1996125	SH		Sole		1426035		570090
Arthur J. 	COM	363576109	7698	219490	SH		Sole		153090		66400
Aspen Insu	SHS	G05384105	40040	1385450	SH		Sole		1008070		377380
Avon Produ	COM	054303102	18411	1135800	SH		Sole		785250		350550
Bio-Rad La	CL A	090572207	76125	761175	SH		Sole		545060		216115
Bio-Refere	COM NEW	09057G602	19897	757115	SH		Sole		551730		205385
Bottomline	COM	101388106	27305	1512720	SH		Sole		1102120		410600
Brady Corp	CL A	104674106	34590	1257370	SH		Sole		915255		342115
Brown & Br	COM	115236101	34369	1260325	SH		Sole		918055		342270
Bryn Mawr 	COM	117665109	12507	593580	SH		Sole		432440		161140
C.R. Bard 	COM	067383109	29048	270365	SH		Sole		187005		83360
Capella Ed	COM	139594105	13945	401175	SH		Sole		291585		109590
Cardtronic	COM	14161H108	22829	755680	SH		Sole		550480		205200
CareFusion	COM	14170T101	30889	1202835	SH		Sole		835285		367550
Check Poin	ORD	M22465104	18908	381290	SH		Sole		264115		117175
CLARCOR In	COM	179895107	24434	507345	SH		Sole		369915		137430
Clorox Co.	COM	189054109	31953	440975	SH		Sole		304725		136250
Community 	COM	203607106	11578	426935	SH		Sole		311595		115340
ComScore I	COM	20564W105	24867	1510735	SH		Sole		1100295		410440
Concho Res	COM	20605P101	15991	187860	SH		Sole		129420		58440
Concur Tec	COM	206708109	73928	1085580	SH		Sole		778105		307475
CoStar Gro	COM	22160N109	20328	250345	SH		Sole		181880		68465
Denbury Re	COM NEW	247916208	28962	1916715	SH		Sole		1330815		585900
DeVry Inc.	COM	251893103	11289	364530	SH		Sole		252630		111900
Dover Corp	COM	260003108	31740	592045	SH		Sole		409245		182800
Endurance 	SHS	G30397106	43705	1140515	SH		Sole		817830		322685
Energizer 	COM	29266R108	29401	390705	SH		Sole		270660		120045
EnPro Indu	COM	29355X107	39443	1055465	SH		Sole		768175		287290
Esterline 	COM	297425100	49089	787310	SH		Sole		563010		224300
Financial 	COM	317485100	21613	1007620	SH		Sole		733960		273660
First Repu	COM	33616C100	12229	363950	SH		Sole		251325		112625
Flowers Fo	COM	343498101	85472	3679390	SH		Sole		2648945		1030445
Fossil Inc	COM	349882100	7297	95330	SH		Sole		66080		29250
Gardner De	COM	365558105	14136	267180	SH		Sole		183925		83255
Genomic He	COM	37244C101	16857	504715	SH		Sole		367885		136830
Gen-Probe 	COM	36866T103	78872	959518	SH		Sole		686698		272820
Gulfport E	COM NEW	402635304	20780	1007275	SH		Sole		733515		273760
H.J. Heinz	COM	423074103	31470	578705	SH		Sole		401655		177050
Harris Tee	COM	414585109	51747	1262435	SH		Sole		917665		344770
Hittite Mi	COM	43365Y104	20483	400675	SH		Sole		291270		109405
Hub Group 	CL A	443320106	22954	635305	SH		Sole		463715		171590
IDEX Corp.	COM	45167R104	62395	1600695	SH		Sole		1144325		456370
IHS Inc. (	CL A	451734107	16925	157105	SH		Sole		108780		48325
II-VI Inc.	COM	902104108	16797	1007615	SH		Sole		733855		273760
Independen	COM	453836108	14799	506655	SH		Sole		369615		137040
Integra Li	COM	457985208	46845	1259950	SH		Sole		917620		342330
Intuit Inc	COM	461202103	33673	567370	SH		Sole		391720		175650
J.M. Smuck	COM NEW	832696405	264	3500	SH		Sole		3500
Jack Henry	COM	426281101	44087	1277130	SH		Sole		919945		357185
John Wiley	CL A	968223206	77880	1589710	SH		Sole		1143065		446645
K12 Inc.	COM	48273U102	23456	1006715	SH		Sole		733005		273710
Kaydon Cor	COM	486587108	8045	376100	SH		Sole		273630		102470
Kellogg Co	COM	487836108	23342	473185	SH		Sole		327535		145650
Key Energy	COM	492914106	30230	3977625	SH		Sole		2869300		1108325
Laboratory	COM NEW	50540R409	31004	334780	SH		Sole		231755		103025
Lancaster 	COM	513847103	53946	757560	SH		Sole		552220		205340
Life Techn	COM	53217V109	38324	851825	SH		Sole		588125		263700
LogMeIn In	COM	54142L109	26711	875210	SH		Sole		636210		239000
Lufkin Ind	COM	549764108	20544	378210	SH		Sole		275740		102470
Luminex Co	COM	55027E102	30928	1262897	SH		Sole		920927		341970
Masimo Cor	COM	574795100	39582	1768615	SH		Sole		1289495		479120
Measuremen	COM	583421102	28729	883695	SH		Sole		644335		239360
MedAssets 	COM	584045108	27097	2014625	SH		Sole		1466805		547820
Medidata S	COM	58471A105	28903	884705	SH		Sole		645355		239350
Micros Sys	COM	594901100	18253	356500	SH		Sole		246970		109530
Molson Coo	CL A	60871R209	23432	563140	SH		Sole		387690		175450
Morningsta	COM	617700109	51392	888515	SH		Sole		637395		251120
Myriad Gen	COM	62855J104	35206	1481130	SH		Sole		1061070		420060
National I	COM	636518102	51939	1933699	SH		Sole		1381394		552305
Navigators	COM	638904102	37819	755630	SH		Sole		550435		205195
NeuStar In	CL A	64126X201	25337	758595	SH		Sole		553145		205450
NICE-Syste	ADR	653656108	29474	805295	SH		Sole		586295		219000
Northern O	COM	665531109	28235	1771320	SH		Sole		1289410		481910
Northern T	COM	665859104	34125	741530	SH		Sole		514780		226750
NuVasive I	COM	670704105	44676	1761655	SH		Sole		1282645		479010
Oasis Petr	COM	674215108	30343	1254900	SH		Sole		907840		347060
Oil States	COM	678026105	7961	120260	SH		Sole		83660		36600
Pall Corp.	COM	696429307	9643	175935	SH		Sole		120635		55300
Parker Han	COM	701094104	22005	286230	SH		Sole		198395		87835
PDC Energy	COM	69327R101	12262	500090	SH		Sole		363275		136815
Pentair In	COM	709631105	21099	551170	SH		Sole		382745		168425
Pioneer Na	COM	723787107	20644	234030	SH		Sole		161155		72875
Pros Holdi	COM	74346Y103	10716	637110	SH		Sole		465620		171490
Qiagen N.V	REG SHS	N72482107	16704	1000250	SH		Sole		693350		306900
Qlik Techn	COM	74733T105	50375	2277360	SH		Sole		1635085		642275
Quality Sy	COM	747582104	61379	2231155	SH		Sole		1600535		630620
Ralcorp Ho	COM	751028101	23876	357740	SH		Sole		248025		109715
Raven Indu	COM	754212108	26217	376740	SH		Sole		274245		102495
RBC Bearin	COM	75524B104	6068	128280	SH		Sole		94210		34070
Red Hat In	COM	756577102	10196	180530	SH		Sole		125030		55500
ResMed Inc	COM	761152107	19836	635765	SH		Sole		438515		197250
Resolute E	COM	76116A108	28942	3024200	SH		Sole		2203070		821130
Robbins & 	COM	770196103	31584	755235	SH		Sole		549985		205250
Roper Indu	COM	776696106	11446	116110	SH		Sole		79910		36200
Sapient Co	COM	803062108	22780	2262135	SH		Sole		1646295		615840
Sensient T	COM	81725T100	55561	1512680	SH		Sole		1102090		410590
Silgan Hol	COM	827048109	42980	1006785	SH		Sole		733075		273710
Smart Bala	COM	83169Y108	18949	2018040	SH		Sole		1470630		547410
Snyders-La	COM	833551104	44499	1763725	SH		Sole		1284665		479060
Solera Hol	COM	83421A104	25071	599925	SH		Sole		416925		183000
Spectrum B	COM	84763R101	36508	1120915	SH		Sole		816435		304480
St. Jude M	COM	790849103	19039	477040	SH		Sole		330590		146450
STERIS Cor	COM	859152100	30090	959185	SH		Sole		699185		260000
Strayer Ed	COM	863236105	16606	152320	SH		Sole		111110		41210
Superior E	COM	868157108	54457	2691870	SH		Sole		1925690		766180
T. Rowe Pr	COM	74144T108	17025	270405	SH		Sole		187230		83175
Techne Cor	COM	878377100	27883	375780	SH		Sole		273980		101800
Teleflex I	COM	879369106	41410	679850	SH		Sole		495315		184535
TETRA Tech	COM	88162F105	17864	2505490	SH		Sole		1823210		682280
Tiffany & 	COM	886547108	8610	162610	SH		Sole		111950		50660
TreeHouse 	COM	89469A104	55099	884560	SH		Sole		644710		239850
TriMas Cor	COM NEW	896215209	40636	2021700	SH		Sole		1473670		548030
Tupperware	COM	899896104	50575	923570	SH		Sole		655015		268555
UMB Financ	COM	902788108	77427	1511370	SH		Sole		1100730		410640
UTi Worldw	ORD	G87210103	18386	1258450	SH		Sole		916320		342130
VCA Antech	COM	918194101	27887	1268766	SH		Sole		923996		344770
Verisk Ana	CL A	92345Y106	17473	354710	SH		Sole		245035		109675
Volcano Co	COM	928645100	21733	758565	SH		Sole		553125		205440
W.R. Berkl	COM	084423102	27817	714725	SH		Sole		494325		220400
Waddell & 	CL A	930059100	41490	1370210	SH		Sole		983500		386710
Washington	COM	940610108	15426	632725	SH		Sole		461885		170840
West Pharm	COM	955306105	81867	1621445	SH		Sole		1169320		452125
Whiting Pe	COM	966387102	31499	766025	SH		Sole		531650		234375
Willis Gro	SHS	G96666105	42167	1155580	SH		Sole		801955		353625
Wolverine 	COM	978097103	53702	1384775	SH		Sole		1008645		376130
Wright Exp	COM	98233Q105	31208	505645	SH		Sole		368810		136835
Zimmer Hol	COM	98956P102	18394	285800	SH		Sole		197975		87825