13F-HR 1 rpt_13f0901.txt Main Page (1) TYPE 13F-HR PERIOD 09/30/2001 FILER CIK 0000051879 CCC 7eokwaz# SUBMISSION-CONTACT NAME Jill Stevenson PHONE 612-376-2862 Attached Documents Page (2) FORM 13F FORM 13f COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2001 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Paladin Investment Associates, LLC Address: 601 2nd Avenue South Minneapolis, Mn 55440 13F File Number: 028-00069 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements schedules, lists, and tables, are considered integral parts of this submission. Person signing this Report on Behalf of Reporting Manager: Name: Jill Stevenson Title: Vice President, Director of Operations Phone: 612-376-2862 Signature, Place, and Date of Signing: Jill Stevenson Minneapolis, Minnesota Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 212 Form 13F Information Table Value Total: $349,962 List of Other Included Managers: No. 13F File Number Name 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 99 Cents Only Stores COM 65440K106 2514 77704.0000SH SOLE 57555.0000 20149.0000 AES Corporation COM 00130H105 683 53300.0000SH SOLE 53300.0000 AFC Enterprises COM 00104Q107 3706 181675.0000SH SOLE 135175.0000 46500.0000 AOL Time Warner Inc COM 00184A105 5435 164196.0000SH SOLE 152196.0000 12000.0000 Abbott Labs COM 002824100 1136 21900.0000SH SOLE 10900.0000 11000.0000 Advanced Energy Industries COM 007973100 1437 86400.0000SH SOLE 64200.0000 22200.0000 Aeroflex Inc COM 007768104 3090 280925.0000SH SOLE 208925.0000 72000.0000 Affiliated Computer Svcs - A COM 008190100 1201 14750.0000SH SOLE 14750.0000 Affiliated Managers Group Inc COM 008252108 3944 69425.0000SH SOLE 51525.0000 17900.0000 Alamosa Holdings Inc COM 011589108 2687 193975.0000SH SOLE 144275.0000 49700.0000 Albany Molecular Research COM 012423109 2693 108475.0000SH SOLE 80725.0000 27750.0000 Alberto-Culver Co COM 013068101 331 8500.0000SH SOLE 8500.0000 Amdocs Ltd COM G02602103 3198 120000.0000SH SOLE 120000.0000 American Capital Strategies COM 024937104 2729 99625.0000SH SOLE 74025.0000 25600.0000 American Home Products Corp COM 026609107 4465 76655.0000SH SOLE 76655.0000 American Intl Group Inc COM 026874107 573 7344.0000SH SOLE 7344.0000 American Standard Companies COM 029712106 413 7500.0000SH SOLE 7500.0000 Americredit Corp COM 03060R101 1051 33250.0000SH SOLE 33250.0000 Amgen Inc COM 031162100 2487 42320.0000SH SOLE 42320.0000 Analog Devices Inc COM 032654105 1901 58135.0000SH SOLE 58135.0000 Anheuser-Busch Cos Inc COM 035229103 544 13000.0000SH SOLE 13000.0000 Apogent Technologies Inc COM 03760A101 2125 88900.0000SH SOLE 88900.0000 Apollo Group Inc - CL A COM 037604105 2654 63150.0000SH SOLE 63150.0000 Arch Coal Inc COM 039380100 1695 108675.0000SH SOLE 80825.0000 27850.0000 Atrix Labs Inc COM 04962L101 2175 92550.0000SH SOLE 68750.0000 23800.0000 August Technology Corp COM 05106U105 2137 260550.0000SH SOLE 193050.0000 67500.0000 Avocent Corporation COM 053893103 2508 168575.0000SH SOLE 136575.0000 32000.0000 BJ Services Co COM 055482103 1439 80900.0000SH SOLE 80900.0000 BJ's Wholesale Club Inc COM 05548J106 769 16150.0000SH SOLE 16150.0000 Bank of America Corp COM 060505104 1301 22270.0000SH SOLE 22270.0000 Baxter International Inc COM 071813109 2358 42840.0000SH SOLE 31840.0000 11000.0000 Bea Systems Inc COM 073325102 1113 116100.0000SH SOLE 116100.0000 Bed Bath & Beyond Inc COM 075896100 826 32450.0000SH SOLE 32450.0000 Bellsouth Corp COM 079860102 416 10000.0000SH SOLE 10000.0000 Best Buy Inc COM 086516101 309 6800.0000SH SOLE 6800.0000 Biogen Inc. COM 090597105 470 8450.0000SH SOLE 8450.0000 Biomet Inc COM 090613100 1866 63800.0000SH SOLE 63800.0000 Boston Private Fincl Hldg COM 101119105 3831 196350.0000SH SOLE 145750.0000 50600.0000 Brinker International Inc COM 109641100 749 31700.0000SH SOLE 31700.0000 Brunswick Corp COM 117043109 323 19600.0000SH SOLE 19600.0000 Buca Inc COM 117769109 2777 247475.0000SH SOLE 183975.0000 63500.0000 C.H. Robinson Worldwide Inc COM 12541W100 348 12000.0000SH SOLE 12000.0000 CVS Corp COM 126650100 1744 52530.0000SH SOLE 52530.0000 Calpine Corp COM 131347106 4006 175610.0000SH SOLE 175610.0000 Capital One Financial Corp COM 14040H105 893 19405.0000SH SOLE 19405.0000 Cardinal Health Inc COM 14149Y108 7599 102764.0000SH SOLE 102764.0000 Check Point Software Tech COM M22465104 675 30660.0000SH SOLE 30660.0000 Chevron Corp COM 166751107 1010 11920.0000SH SOLE 11920.0000 Chubb Corp COM 171232101 350 4900.0000SH SOLE 4900.0000 Cisco Systems Inc COM 17275R102 2024 166215.0000SH SOLE 166215.0000 Citigroup Inc COM 172967101 3400 83942.0000SH SOLE 83942.0000 Clear Channel Communications COM 184502102 3172 79795.0000SH SOLE 79795.0000 Colgate Palmolive Co COM 194162103 517 8880.0000SH SOLE 8880.0000 Comcast Corp - Cl A SPL COM 200300200 2786 77660.0000SH SOLE 77660.0000 Compaq Computer Corp COM 204493100 261 31355.0000SH SOLE 31355.0000 Concord EFS Inc COM 206197105 2538 51850.0000SH SOLE 51850.0000 Core Laboratories N.V. COM N22717107 2519 195900.0000SH SOLE 145500.0000 50400.0000 Cytyc Corporation COM 232946103 945 35250.0000SH SOLE 35250.0000 DMC Stratex Networks Inc COM 23322L106 718 139100.0000SH SOLE 103475.0000 35625.0000 DST Systems Inc COM 233326107 735 17000.0000SH SOLE 7000.0000 10000.0000 Darden Restaurants Inc COM 237194105 656 25000.0000SH SOLE 15000.0000 10000.0000 Devon Energy Corporation COM 25179M103 659 19150.0000SH SOLE 19150.0000 Devry COM 251893103 359 10000.0000SH SOLE 10000.0000 Discovery Partners Intl COM 254675101 1298 387575.0000SH SOLE 287835.0000 99740.0000 Disney Walt Co COM 254687106 223 12000.0000SH SOLE 12000.0000 Donaldson Co Inc COM 257651109 403 14000.0000SH SOLE 14000.0000 Donnelley R R & Sons Co COM 257867101 335 12400.0000SH SOLE 12400.0000 Duke Energy COM 264399106 496 13100.0000SH SOLE 13100.0000 E M C Corp Mass COM 268648102 375 31900.0000SH SOLE 31900.0000 Eclipsys Corp COM 278856109 2850 214300.0000SH SOLE 159300.0000 55000.0000 Edison Schools Inc COM 281033100 1910 126475.0000SH SOLE 94075.0000 32400.0000 Electronic Arts Inc COM 285512109 2083 45600.0000SH SOLE 45600.0000 Electronic Data Systems Corp COM 285661104 449 7800.0000SH SOLE 7800.0000 Estee Lauder Companies - CL A COM 518439104 265 8000.0000SH SOLE 8000.0000 Exar Corp COM 300645108 1204 69600.0000SH SOLE 51800.0000 17800.0000 Exelon Coporation COM 30161N101 357 8000.0000SH SOLE 8000.0000 Express Scripts Inc Class A COM 302182100 3029 54750.0000SH SOLE 54750.0000 Exxon Mobil Corporation COM 30231G102 2704 68620.0000SH SOLE 55620.0000 13000.0000 FPL Group Inc COM 302571104 289 5400.0000SH SOLE 5400.0000 Family Dollar Stores Inc COM 307000109 2064 75000.0000SH SOLE 75000.0000 Fannie Mae COM 313586109 320 4000.0000SH SOLE 4000.0000 Fastenal Co COM 311900104 399 7000.0000SH SOLE 7000.0000 Federal Home Loan Mortgage Cor COM 313400301 1356 20865.0000SH SOLE 20865.0000 Fidelity National Financial In COM 316326107 957 35600.0000SH SOLE 35600.0000 Fiserv Inc COM 337738108 513 15000.0000SH SOLE 15000.0000 Fleet Boston Financial Corp COM 339030108 1142 31070.0000SH SOLE 31070.0000 Flextronics Intl Ltd COM Y2573F102 4328 261687.0000SH SOLE 261687.0000 Ford Motor Company COM 345370860 216 12426.0000SH SOLE 12426.0000 Genaissance Pharmaceuticals COM 36867W105 766 196825.0000SH SOLE 146325.0000 50500.0000 Genentech COM 368710406 1503 34150.0000SH SOLE 34150.0000 General Elec Co COM 369604103 7887 212025.0000SH SOLE 212025.0000 Genzyme Corp COM 372917104 1569 34550.0000SH SOLE 34550.0000 Global Crossing Ltd COM G3921A100 485 269580.0000SH SOLE 269580.0000 Guidant Corp COM 401698105 601 15600.0000SH SOLE 15600.0000 Halliburton Co COM 406216101 682 30230.0000SH SOLE 30230.0000 Harley Davidson Inc COM 412822108 284 7000.0000SH SOLE 7000.0000 Health Mgmt Associates Inc - A COM 421933102 2799 134850.0000SH SOLE 134850.0000 Hispanic Broadcasting Corp COM 43357B104 1385 86000.0000SH SOLE 86000.0000 Hotel Reservations Inc COM 441451101 1707 75075.0000SH SOLE 55875.0000 19200.0000 Household Intl Inc COM 441815107 1071 19000.0000SH SOLE 8000.0000 11000.0000 IDEC Pharmaceuticals COM 449370105 1958 39500.0000SH SOLE 39500.0000 IMPCO Technologies Inc COM 45255W106 1108 95225.0000SH SOLE 70925.0000 24300.0000 Illinois Tool Wks Inc COM 452308109 1093 20200.0000SH SOLE 10000.0000 10200.0000 Impath Inc COM 45255G101 2290 66350.0000SH SOLE 49350.0000 17000.0000 Intel Corp COM 458140100 2973 145460.0000SH SOLE 145460.0000 Intermagnetics General Corp COM 458771102 1934 83143.0000SH SOLE 61825.0000 21318.0000 International Business Machine COM 459200101 3163 34480.0000SH SOLE 34480.0000 International Paper Co COM 460146103 286 8200.0000SH SOLE 8200.0000 Internet Security Systems COM 46060X107 735 80650.0000SH SOLE 59950.0000 20700.0000 JP Morgan Chase & Co COM 46625H100 2726 79825.0000SH SOLE 79825.0000 Jakks Pacific Inc COM 47012E106 2948 218350.0000SH SOLE 162000.0000 56350.0000 Johnson & Johnson COM 478160104 792 14300.0000SH SOLE 4500.0000 9800.0000 KLA-Tencor Corp COM 482480100 472 14950.0000SH SOLE 14950.0000 KPMG Consulting Inc COM 48265R109 837 77450.0000SH SOLE 77450.0000 KV Pharmaceutical Co COM 482740206 4317 159650.0000SH SOLE 118675.0000 40975.0000 Kimberly Clark Corp COM 494368103 310 5000.0000SH SOLE 5000.0000 Kraft Foods Inc. COM 50075N104 275 8000.0000SH SOLE 8000.0000 LTX Corp COM 502392103 1663 122200.0000SH SOLE 90800.0000 31400.0000 Lifepoint Hospitals Inc COM 53219L109 2253 51200.0000SH SOLE 38100.0000 13100.0000 Lowes Cos Inc COM 548661107 2744 86690.0000SH SOLE 86690.0000 MGIC Invt Corp Wis COM 552848103 1241 19000.0000SH SOLE 10000.0000 9000.0000 Marsh & McLennan Cos Inc. COM 571748102 319 3300.0000SH SOLE 3300.0000 Martek Biosciences Corp COM 572901106 1739 95575.0000SH SOLE 71075.0000 24500.0000 Masco Corp COM 574599106 378 18500.0000SH SOLE 18500.0000 Maxygen COM 577776107 1084 68400.0000SH SOLE 50800.0000 17600.0000 McDonalds Corp COM 580135101 385 14200.0000SH SOLE 14200.0000 Medimmune Inc. COM 584699102 2118 59450.0000SH SOLE 59450.0000 Medtronic Inc COM 585055106 5409 124340.0000SH SOLE 113140.0000 11200.0000 Mellon Financial Corp COM 58551A108 650 20100.0000SH SOLE 20100.0000 Mentor Corp/Minn COM 587188103 3525 139325.0000SH SOLE 103625.0000 35700.0000 Merck & Co Inc COM 589331107 599 9000.0000SH SOLE 5000.0000 4000.0000 Micrel Inc. COM 594793101 1081 54200.0000SH SOLE 54200.0000 Microsoft Corp COM 594918104 4569 89300.0000SH SOLE 89300.0000 Millipore Corp. COM 601073109 424 8000.0000SH SOLE 8000.0000 Minnesota Mng & Mfg Co. COM 604059105 394 4000.0000SH SOLE 4000.0000 Monsanto Co COM 61166W101 236 7000.0000SH SOLE 7000.0000 Nabors Industries Inc COM 629568106 1383 65950.0000SH SOLE 65950.0000 National Commerce Financial Co COM 63545P104 2431 93150.0000SH SOLE 93150.0000 Natus Medical Inc COM 639050103 1743 227900.0000SH SOLE 169400.0000 58500.0000 Netiq Corp. COM 64115P102 1772 77825.0000SH SOLE 57825.0000 20000.0000 Neuberger Berman Inc COM 641234109 772 22125.0000SH SOLE 22125.0000 Noble Affiliates Inc COM 654894104 325 10500.0000SH SOLE 10500.0000 Noble Drilling Corp. COM 655042109 934 38900.0000SH SOLE 38900.0000 North Fork Bancorporation COM 659424105 1004 33750.0000SH SOLE 33750.0000 Novelus Systems Inc COM 670008101 441 15450.0000SH SOLE 15450.0000 Numerical Technologies Inc COM 67053T101 2178 131225.0000SH SOLE 97525.0000 33700.0000 Nvidia Corp COM 67066G104 768 27950.0000SH SOLE 27950.0000 Oracle Sys Corp. COM 68389X105 610 48500.0000SH SOLE 48500.0000 Packeteer Inc. COM 695210104 628 196825.0000SH SOLE 146225.0000 50600.0000 Panera Bread Company Cl A COM 69840W108 1491 42625.0000SH SOLE 31725.0000 10900.0000 Patterson-UTI Energy Inc COM 703481101 2058 166500.0000SH SOLE 123700.0000 42800.0000 Pepsico Inc COM 713448108 2978 61400.0000SH SOLE 61400.0000 Pfizer Inc COM 717081103 6017 150058.0000SH SOLE 138558.0000 11500.0000 Pharmacopeia Inc. COM 71713B104 2302 177600.0000SH SOLE 132100.0000 45500.0000 Philip Morris Cos Inc COM 718154107 2434 50400.0000SH SOLE 50400.0000 Plexus Corp COM 729132100 1868 79200.0000SH SOLE 58800.0000 20400.0000 Polycom Inc COM 73172K104 986 40450.0000SH SOLE 40450.0000 Powerwave Technologies Inc COM 739363109 2160 181175.0000SH SOLE 156075.0000 25100.0000 Proxim Inc COM 744284100 2630 269700.0000SH SOLE 200600.0000 69100.0000 Quest Diagnostics Inc COM 74834L100 2018 32700.0000SH SOLE 32700.0000 Quiksilver Inc COM 74838C106 2174 176025.0000SH SOLE 131100.0000 44925.0000 RF Micro Devices Inc COM 749941100 1145 69000.0000SH SOLE 69000.0000 Rehabcare Group Inc COM 759148109 5281 121375.0000SH SOLE 90175.0000 31200.0000 Remec Inc COM 759543101 3764 474625.0000SH SOLE 352025.0000 122600.0000 Renal Care Group Inc COM 759930100 3962 128762.0000SH SOLE 95349.0000 33413.0000 Robert Half Intl Inc COM 770323103 800 40000.0000SH SOLE 40000.0000 SBC Communications Inc COM 78387G103 551 11700.0000SH SOLE 11700.0000 Schlumberger Ltd COM 806857108 408 8930.0000SH SOLE 8930.0000 Semiconductor Holdrs Trust COM 816636203 325 11000.0000SH SOLE 11000.0000 Smith Intl Inc COM 832110100 508 13950.0000SH SOLE 13950.0000 Sonus Networks Inc COM 835916107 859 286290.0000SH SOLE 212890.0000 73400.0000 Stellent Inc COM 85856W105 2450 170150.0000SH SOLE 113150.0000 57000.0000 Sun Microsystems Inc COM 866810104 784 94810.0000SH SOLE 94810.0000 Sungard Data Systems Inc COM 867363103 467 20000.0000SH SOLE 20000.0000 Suntrust Banks Inc COM 867914103 466 7000.0000SH SOLE 7000.0000 Symbol Technologies Inc COM 871508107 493 47000.0000SH SOLE 25000.0000 22000.0000 Synopsys Inc COM 871607107 2217 55265.0000SH SOLE 55265.0000 T Rowe Price Group Inc COM 74144T108 1017 34700.0000SH SOLE 34700.0000 TCF Financial Corp COM 872275102 1902 41300.0000SH SOLE 34300.0000 7000.0000 THQ Inc COM 872443403 2229 51650.0000SH SOLE 38350.0000 13300.0000 TJX Companies Inc COM 872540109 1548 47050.0000SH SOLE 47050.0000 Target Corp COM 87612E106 2766 87125.0000SH SOLE 72225.0000 14900.0000 Telephone & Data Sys Inc COM 879433100 1495 15850.0000SH SOLE 11550.0000 4300.0000 Titan Corp COM 888266103 1407 71775.0000SH SOLE 53475.0000 18300.0000 Triquint Semiconductor Inc. COM 89674K103 2036 127325.0000SH SOLE 94725.0000 32600.0000 Tyco International Ltd COM 902124106 6590 144835.0000SH SOLE 144835.0000 UCBH Holdings Inc COM 90262T308 979 33550.0000SH SOLE 24950.0000 8600.0000 USA Education Inc COM 90390U102 497 6000.0000SH SOLE 6000.0000 Ubiquitel Inc COM 903474302 2233 276650.0000SH SOLE 206050.0000 70600.0000 Ultimate Electronics Inc COM 903849107 1519 87575.0000SH SOLE 65175.0000 22400.0000 Union Pacific Corp COM 907818108 469 10000.0000SH SOLE 10000.0000 United Technologies Corp COM 913017109 674 14500.0000SH SOLE 7500.0000 7000.0000 Univision Communications - A COM 914906102 1011 44050.0000SH SOLE 44050.0000 Veeco Instruments Inc COM 922417100 1244 46925.0000SH SOLE 34925.0000 12000.0000 Venator Group Inc COM 922944103 1748 114650.0000SH SOLE 114650.0000 Verisign Inc COM 92343E102 771 18400.0000SH SOLE 18400.0000 Veritas Software Corp COM 923436109 1044 56600.0000SH SOLE 56600.0000 Verizon Communications COM 92343V104 2199 40640.0000SH SOLE 31140.0000 9500.0000 Virata Corp COM 927646109 2151 215525.0000SH SOLE 160025.0000 55500.0000 Wal Mart Stores Inc COM 931142103 1473 29750.0000SH SOLE 29750.0000 Walgreen Co COM 931422109 482 14000.0000SH SOLE 14000.0000 Waters Corporation COM 941848103 1157 32350.0000SH SOLE 32350.0000 Watson Pharmaceuticals Inc COM 942683103 2120 38750.0000SH SOLE 38750.0000 Wells Fargo Company COM 949746101 800 18000.0000SH SOLE 9000.0000 9000.0000 Weyehaeuser Co COM 962166104 609 12500.0000SH SOLE 12500.0000 Worldcom Inc COM 98157D106 1096 72890.0000SH SOLE 72890.0000 Wrigley WM Jr Co COM 982526105 523 10200.0000SH SOLE 10200.0000 Xcel Energy Inc COM 98389B100 1267 45000.0000SH SOLE 20000.0000 25000.0000 Xilinx Inc COM 983919101 662 28150.0000SH SOLE 28150.0000 Zoran Corp COM 98975F101 2807 115900.0000SH SOLE 86000.0000 29900.0000 Shire Pharmaceuticals GR - ADR ADR 82481R106 1715 42550 SH SOLE 42550 Smartforce Plc-Sponsored ADR ADR 83170A206 3833 234300 SH SOLE 193400 40900