Independence Capital Asset Partners

Companies in the Independence Capital Asset Partners portfolio as of June 2012 quarter

                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}
ABIOMED INC COM                COM              003654100      506         22189 SH       Sole                    22189
ACTIVE NETWORK INC COM         COM              00506d100      539         35000 SH       Sole                    35000
AMAZON COM INC COM             COM              023135106     8640         37838 SH       Sole                    37838
AMERICAN INTL GROUP            COM              026874784    11631        362464 SH       Sole                   362464
ANADARKO PETROLEUM CORP        COM              032511107    12605        190409 SH       Sole                   190409
APPLE COMPUTER INC COM         COM              037833100    14351         24573 SH       Sole                    24573
ARCOS DORADOS HOLDINGS INC-A   COM              G0457F107     4925        333242 SH       Sole                   333242
ASHLAND INC NEW COM            COM              044209104     1038         14969 SH       Sole                    14969
AUDIENCE INC COM               COM              05070J102     2962        153655 SH       Sole                   153655
BIOSCRIP INC COM               COM              09069n108       74         10000 SH       Sole                    10000
BLACK DIAMOND INC COM          COM              09202g101      217         23000 SH       Sole                    23000
BROOKDALE SR LIVING COM        COM              112463104      592         33394 SH       Sole                    33394
CAPITAL ONE FINL CORP COM      COM              14040h105    12838        234870 SH       Sole                   234870
CARPENTER TECHNOLOGY COM       COM              144285103      743         15523 SH       Sole                    15523
CEVA INC COM                   COM              157210105      598         33945 SH       Sole                    33945
CHARTER COMMUNICATION-A        COM              16117M305    16287        229822 SH       Sole                   229822
CNO FINL GROUP INC COM         COM              12621e103      569         73000 SH       Sole                    73000
COBIZ FINANCIAL INC COM        COM              190897108      132         21100 SH       Sole                    21100
CONCEPTUS INC COM              COM              206016107     3773        190348 SH       Sole                   190348
CONSTELLATION BRANDS CL A      COM              21036p108    14552        537761 SH       Sole                   537761
CYTEC INDUSTRIES INC           COM              232820100      586         10000 SH       Sole                    10000
DAVITA INC                     COM              23918K108    26733        272204 SH       Sole                   272204
DIGITALGLOBE INC               COM              25389m877     3483        229773 SH       Sole                   229773
FINANCIAL ENGINES INC COM      COM              317485100      290         13500 SH       Sole                    13500
FOOT LOCKER INC COM            COM              344849104     6836        223531 SH       Sole                   223531
GEO GROUP INC COM              COM              36159r103      636         28000 SH       Sole                    28000
GOOGLE INC CL A                COM              38259p508     6906         11906 SH       Sole                    11906
HARRY WINSTON DIAMOND COM      COM              41587b100      544         47879 SH       Sole                    47879
HEARTWARE INTERNATIONAL INC    COM              422368100      353          3976 SH       Sole                     3976
IMAX CORP                      COM              45245E109     4533        188660 SH       Sole                   188660
INTERNATIONAL GAME TEC COM     COM              459902102     4939        313577 SH       Sole                   313577
IRON MTN INC COM               COM              462846106     9207        279330 SH       Sole                   279330
ITC HLDGS CORP COM             COM              465685105     5362         77805 SH       Sole                    77805
LIBERTY GLOBAL INC COM SER A   COM              530555101    12598        253839 SH       Sole                   253839
LIBERTY MEDIA CORP NEW INT COM COM              53071m104     9248        520286 SH       Sole                   520286
LIBERTY MEDIA HLDG CRP CAP COM COM              530322106    45788        520849 SH       Sole                   520849
MAKO SURGICAL CORP COM         COM              560879108     2565        100163 SH       Sole                   100163
MARRIOTT VACATIONS WRL COM     COM              57164y107      775         25000 SH       Sole                    25000
MASTERCARD INC CL A            COM              57636q104    12136         28217 SH       Sole                    28217
MCDERMOTT INTL INC COM         COM              580037109     3659        328489 SH       Sole                   328489
MEDIVATION INC COM             COM              58501n101     8378         91663 SH       Sole                    91663
MONSANTO CO                    COM              61166W101    16408        198207 SH       Sole                   198207
MOSAIC CO COM                  COM              61945c103     8865        161890 SH       Sole                   161890
NAVISTAR INTL CORP NEW COM     COM              63934e108     6936        244480 SH       Sole                   244480
NUVASIVE, INC. CMN             COM              670704105    10633        419278 SH       Sole                   419278
OCCIDENTAL PETE CP DEL COM     COM              674599105     8577        100000 SH       Sole                   100000
OCWEN FINL CORP COM NEW        COM              675746309    13839        736916 SH       Sole                   736916
ONYX PHARMACEUTICALS COM       COM              683399109     6328         95229 SH       Sole                    95229
OWENS CORNING CMN              COM              690742101      409         14329 SH       Sole                    14329
PERKINELMER INC COM            COM              714046109      599         23204 SH       Sole                    23204
PROCERA NETWORKS INC COM NEW   COM              74269u203      307         12623 SH       Sole                    12623
PULTE HOMES INCCMN             COM              745867101      621         58000 SH       Sole                    58000
QUALCOMM INCCMN                COM              747525103    11794        211809 SH       Sole                   211809
QUESTCOR PHARMACEUTICL COM     COM              74835y101     5068         95192 SH       Sole                    95192
RAILAMERICA INC COM            COM              750753402      508         21000 SH       Sole                    21000
REGAL-BELOIT CORP              COM              758750103      683         10970 SH       Sole                    10970
RYLAND GROUP INC COM           COM              783764103     8978        350977 SH       Sole                   350977
SALLY BEAUTY HLDGS INC COM     COM              79546e104     8781        341158 SH       Sole                   341158
SBA COMMUNICATIONS CRP COM     COM              78388j106      628         11000 SH       Sole                    11000
SCHLUMBERGER LTD COM           COM              806857108     8056        124104 SH       Sole                   124104
STREETTRACKS GOLD TR GOLD SHS  COM              78463v107    18724        120650 SH       Sole                   120650
Spirit Aerosystems             COM              848574109     7349        308411 SH       Sole                   308411
TANGOE INC                     COM              87582Y108     4972        233301 SH       Sole                   233301
TESLA MOTORS INC               COM              88160R101     2980         95229 SH       Sole                    95229
THRESHOLD PHARMACEUTICALS      COM              885807206      665         89812 SH       Sole                    89812
TORNIER N V SHS                COM              n87237108      308         13741 SH       Sole                    13741
TRIPADVISOR INC                COM              896945201     8544        191181 SH       Sole                   191181
ULTRA PETROLEUM CORP           COM              903914109     2183         94627 SH       Sole                    94627
UNITEDHEALTH GROUP INCCMN      COM              91324p102    10640        181885 SH       Sole                   181885
VALERO ENERGY CORPORATIONCMN   COM              91913y100     3449        142799 SH       Sole                   142799
VANGUARD HEALTH SYSTEMS INC    COM              922036207      213         24000 SH       Sole                    24000
VERISK ANALYTICS INC CL A      COM              92345Y106     6800        138048 SH       Sole                   138048
WABCO HOLDINGS INC             COM              92927K102      529         10000 SH       Sole                    10000
WAL MART STORES INC COM        COM              931142103     6638         95213 SH       Sole                    95213
WILLIAMS PARTNERS L P COM UNIT COM              96950f104    10333        197802 SH       Sole                   197802
WYNDHAM WORLDWIDE CORP COM     COM              98310w108     9591        181850 SH       Sole                   181850
ZIONS BANCORPORATION COM       COM              989701107      771         39694 SH       Sole                    39694