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Historical All Holdings
 
  Holdings as of 3/31/2012 (in alphabetical order)
  Company Name   Symbol   # of Shares   Market Value ($)  
 
  1st United Bancorp Inc   FUBC   114,657   693,674  
 
  A.T. Cross Company   ATX   44,253   532,806  
  Achillion Pharmaceuticals   ACHN   51,989   498,054  
  Actuate Corp   BIRT   117,307   736,687  
  Affymetrix, Inc.   AFFX   107,763   460,148  
  Agree Realty Corp.   ADC   20,115   454,196  
  Air Methods Corp.   AIRM   11,990   1,046,127  
  Altra Holdings, Inc.   AIMC   34,276   658,099  
  America's Car-Mart, Inc.   CRMT   19,212   844,943  
  AMERISAFE, Inc.   AMSF   42,074   1,040,910  
  ANADIGICS, Inc.   ANAD   149,000   353,130  
  Arctic Cat Inc.   ACAT   12,722   544,883  
  Artio Global Investors Inc.   ART   40,746   194,358  
  Associated Estates Realty   AEC   29,488   481,833  
  Astex Pharmaceuticals   ASTX   256,060   476,271  
  AZZ, Inc.   AZZ   10,405   537,314  
 
  Bancorp Inc. /The   TBBK   71,398   716,835  
  Bank of Marin Bancorp.   BMRC   15,178   576,915  
  Barret Business Services, Inc.   BBSI   28,469   564,540  
  Bravo Brio Restaurant Group   BBRG   20,175   402,693  
 
  Calamos Asset Management A   CLMS   45,371   594,813  
  Cardinal Financial Corp   CFNL   43,827   495,245  
  Central Pacific Financial Corp.   CPF   52,993   686,259  
  Charming Shoppes, Inc.   CHRS   106,211   626,644  
  Commercial Vehicle Group, Inc.   CVGI   42,851   523,210  
  Consolidated Graphics Inc.   CGX   10,112   457,568  
  Cost Plus, Inc.   CPWM   57,694   1,032,722  
  Cowen Group Inc.   COWN   173,090   469,073  
 
  Datalink Corp   DTLK   65,024   619,028  
  Digi International, Inc.   DGII   30,988   340,558  
  Douglas Dynamics, Inc.   PLOW   40,827   561,371  
 
  Education Realty Trust Inc   EDR   41,722   452,266  
  Ellis Perry International, Inc.   PERY   33,904   632,987  
  Ethan Allen Interiors Inc.   ETH   22,948   581,043  
  Exponent, Inc.   EXPO   11,788   571,953  
 
  Financial Institutions Inc   FISI   40,023   647,171  
  First Cwlth Fincl. Corp. PA   FCF   126,699   775,397  
  First Pactrust Bancorp Inc   FPTB   41,350   492,892  
 
  GOLUB CAPITAL BDC INC   GBDC   39,347   600,828  
  GP Strategies Corp.   GPX   54,140   947,450  
  Greenbrier Cos. Inc.   GBX   37,535   742,817  
 
  Healthstream Inc   HSTM   17,529   406,497  
  Hercules Technology Growth Capital Inc   HTGC   47,523   526,554  
  Hersha Hospitality Trust   HT   69,899   381,648  
 
  ICU Medical, Inc.   ICUI   21,602   1,061,954  
  Idenix Pharmaceuticals Inc.   IDIX   21,617   211,630  
  Integramed America Inc   INMD   72,116   872,964  
  Inventure Foods Inc   SNAK   138,242   685,680  
  Isle of Capri Casinos Inc.   ISLE   100,781   711,513  
 
  JMP Group Corp.   JMP   112,838   832,744  
  John Bean Technologies Corp.   JBT   30,692   497,210  
 
  Kennedy-Wilson Holdings Inc   KWIC   55,076   743,526  
  Kensey Nash Corp.   KNSY   20,096   588,008  
  Keynote Systems Inc.   KEYN   38,412   759,021  
  Kindred Healthcare, Inc.   KND   33,383   288,429  
  KMG Chemicals Inc   KMGB   34,833   628,735  
  Koppers Holdings Inc.   KOP   17,498   674,722  
  Kratos Defense & Security Solutions Inc   KTOS   106,275   567,508  
  Kulicke & Soffa Industries   KLIC   68,753   854,599  
 
  LCA-Vision, Inc.   LCAV   39,700   249,316  
  Leapfrog Enterprises, Inc.   LF   90,416   755,877  
  LIN TV Corp Cl A   TVL   164,655   666,852  
  Liquidity Services, Inc.   LQDT   16,022   717,785  
  Lithia Motors, Inc.   LAD   21,925   574,435  
  LMI Aerospace Inc   LMIA   40,583   738,610  
 
  M/I Homes, Inc.   MHO   63,043   779,211  
  Main Street Capital Corp.   MAIN   15,211   374,646  
  Manitex International Inc   MNTX   87,349   640,268  
  Marten Transport, Ltd.   MRTN   20,720   457,290  
  MEDTOX Scientific, Inc.   MTOX   55,714   939,338  
  Mercury Computer Systems Inc.   MRCY   50,633   670,887  
  Mitcham Industries, Inc.   MIND   40,680   913,672  
  Monmouth REIT Cl A   MNRTA   64,303   626,311  
  Monotype Imaging Holdings In   TYPE   45,950   684,655  
  MWI Veterinary Supply, Inc.   MWIV   4,708   414,304  
  MYR Group, Inc.   MYGR   43,150   770,659  
 
  Newpark Resources   NR   70,716   579,164  
  Northstar Realty Finance Corp.   NRF   151,262   818,327  
 
  O2Micro International, Ltd.   OIIM   79,160   444,087  
  OceanFirst Financial Corp.   OCFC   42,935   611,394  
  OCZ Technology Inc.   OCZ   47,195   329,421  
  OYO Geospace Corp.   OYOG   8,073   850,329  
 
  P.H. Glatfelter Co.   GLT   49,246   777,101  
  Pain Therapeutics Inc   PTIE   127,612   458,127  
  Park-Ohio Holdings Corp.   PKOH   23,289   466,944  
  Pennsylvania REIT   PEI   26,560   405,571  
  Pericom Semiconductor Corp.   PSEM   79,077   639,732  
  Petroleum Development Corp.   PETD   22,408   831,112  
  Photronics, Inc.   PLAB   122,669   815,748  
  PRGX Global, Inc.   PRGX   63,612   400,119  
 
  Quaker Chemical Corp.   KWR   15,538   612,974  
  Quality Distribution Inc   QLTY   32,531   448,277  
 
  RadiSys Corp.   RSYS   80,266   593,968  
  RAIT Financial Trust   RAS   102,385   508,853  
  Red Robin Gourmet Burgers, Inc   RRGB   27,819   1,034,588  
  Renasant Corp   RNST   42,223   687,390  
  Responsys Inc.   MKTG   49,335   590,539  
  Rigel Pharmaceuticals, Inc.   RIGL   91,170   733,918  
  Rockville Financial Inc.   RCKB   47,098   548,691  
  Ruby Tuesday, Inc.   RT   60,425   551,680  
 
  Sabra Health Care Reit, Inc.   SBRA   36,712   603,545  
  Safeguard Scientifics, Inc.   SFE   50,597   870,268  
  Saia Inc   SAIA   44,979   765,092  
  SCBT Financial Corp.   SCBT   18,174   594,471  
  Seacoast Banking Corp Fl   SBCF   490,269   862,873  
  Shoe Carnival Inc.   SCVL   19,826   638,793  
  Spectrum Pharmaceuticals Inc   SPPI   35,441   447,619  
  Standard Microsystems Corp.   SMSC   28,364   733,776  
  Standard Parking Corp   STAN   22,273   456,596  
  Standex International Corp.   SXI   16,108   663,488  
  Sterling Bancorp   STL   67,151   643,978  
  Sun Healthcare Group Inc   SUNH   66,455   454,552  
  SurModics, Inc.   SRDX   63,944   982,819  
  Symmetry Medical, Inc.   SMA   62,122   439,202  
 
  The Marcus Corp.   MCS   48,007   602,487  
  TICC Capital Corp   TICC   40,000   389,600  
  TPC Group Inc.   TPCG   14,494   640,779  
  Triangle Petroleum Corp   TPLM   110,103   759,710  
  TriMas Corporation   TRS   27,490   615,501  
  TTM Technologies, Inc.   TTMI   54,233   623,137  
 
  U.S. Physical Therapy, Inc.   USPH   42,697   984,165  
  Ultra Clean Holdings, Inc.   UCTT   104,038   784,446  
 
  Vanda Pharmaceuticals Inc   VNDA   76,591   366,870  
  Vical Inc.   VICL   144,416   491,014  
 
  Wabash National Corp.   WNC   65,770   680,719  
  WSFS Financial Corp.   WSFS   16,704   684,864  
 
  Zagg Inc.   ZAGG   41,599   442,197  
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Portfolio holdings will change, should not be considered purchase recommendations and do not reflect cash, money markets or options/futures contracts holdings.

An investor should consider the Fund's investment objectives, risks, and charges and expenses carefully before sending money. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please click here. Please read the prospectus carefully before investing.



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