13F-HR 1 fp0004173_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.) : [ ] is a restatement [ ] adds new holdings to entries. Institutional Investment Manager Filing This Report: Name: Westport Asset Management, Inc. Address: 253 Riverside Avenue Westport, CT 06880 13F File Number: 028-04441 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 form. Person Signing this Report on Behalf of Reporting Manager: Name: Ronald H. Oliver Title: President Phone: 203-227-3601 Signature, Place, and Date of Signing: /s/ Ronald H. Oliver Westport, Connecticut February 10, 2012 -------------------- --------------------- ----------------- Report Type (Check only one): [x] 13F Holdings Report [ ] 13F Notice [ ] 13F Combination Report List of Other Managers Reporting for this Manager: I am signing this report as required by the Securities Exchange Act of 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 63 Form 13F Information Table Value Total (x$1,000): $ 377,841 List of Included Managers: Andrew J. Knuth Westport Asset Management, Inc. Edmund H. Nicklin, Jr. Westport Asset Management, Inc. List of Other Included Managers: No. 13F File Number Name
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------- --------- ----------- -------------------- ---------- -------- ---------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------- --------- ----------- ----------- --- ---- ---------- -------- ---- --------- ------- AAR Corp. COM 000361105 10,076 525,600 SH Defined 1 525,600 Amphenol Corp. COM 032095101 363 8,000 SH Defined 8,000 Anadarko Petroleum Corp. COM 032511107 229 3,000 SH Defined 3,000 Arthur J. Gallagher & Company COM 363576109 10,210 305,321 SH Defined 1 305,321 BankUnited, Inc. COM 06652K103 2,980 135,500 SH Defined 135,500 Banner Corporation COM 06652V109 3,124 182,151 SH Defined 182,151 Berry Petroleum Co. COM 085789105 6,555 156,001 SH Defined 1 156,001 Big Lots, Inc. COM 089302103 31,372 830,821 SH Defined 1 830,821 Brown & Brown, Inc. COM 115236101 4,718 208,500 SH Defined 1 208,500 CVS/Caremark Corp. COM 126650100 409 10,020 SH Defined 10,020 Charles River Laboratories Int COM 159864107 701 25,660 SH Defined 25,660 Checkpoint Systems, Inc. COM 162825103 9,701 886,768 SH Defined 1 886,768 Chicago Bridge & Iron Company COM 167250109 6,434 170,200 SH Defined 1 170,200 Columbia Banking System, Inc. COM 197236102 2,909 150,980 SH Defined 150,980 Comstock Resources, Inc. COM 205768203 3,127 204,389 SH Defined 1 204,389 Con-way Inc. COM 205944101 1,131 38,800 SH Defined 38,800 Crocs, Inc. COM 227046109 5,322 360,300 SH Defined 1 360,300 Darden Restaurants, Inc. COM 237194105 5,014 110,000 SH Defined 1 110,000 DeVry, Inc. COM 251893103 15,792 410,600 SH Defined 410,600 Devon Energy Corp. COM 25179M103 4,278 69,004 SH Defined 69,004 FEI Company COM 30241L109 12,665 310,563 SH Defined 1 310,563 Fairchild Semiconductor Corp. COM 303726103 1,403 116,500 SH Defined 116,500 Forest Oil Corp. COM 346091705 1,899 140,172 SH Defined 137,688 2,484 Gaylord Entertainment Company COM 367905106 2,210 91,532 SH Defined 91,532 General Communication, Inc. - COM 369385109 4,916 502,153 SH Defined 502,153 Haynes International, Inc. COM 420877201 786 14,400 SH Defined 1 14,400 ITT Educational Services, Inc. COM 45068B109 10,322 181,443 SH Defined 1 181,443 Interpublic Group of Companies COM 460690100 107 11,000 SH Defined 11,000 Jack Henry & Associates, Inc. COM 426281101 3,697 110,000 SH Defined 110,000 John Wiley & Sons, Inc. - Clas COM 968223206 488 11,000 SH Defined 11,000 KBR, Inc. COM 48242W106 4,824 173,100 SH Defined 1 173,100 Landstar System, Inc. COM 515098101 844 17,609 SH Defined 1 17,609 Lone Pine Resources, Inc. COM 54222A106 1,037 147,923 SH Defined 146,403 1,520 Nat.West.Life Ins. COM 638522102 15,876 116,599 SH Defined 1 116,599 North Valley Bancorp COM 66304M204 172 17,917 SH Defined 17,917 Orient Express Hotels Ltd. - C COM G67743107 7,286 975,394 SH Defined 1 975,394 Owens & Minor, Inc. COM 690732102 13,631 490,517 SH Defined 490,517 Pall Corp. COM 696429307 286 5,000 SH Defined 5,000 Parametric Technology Corp. COM 699173209 2,413 132,120 SH Defined 1 128,520 3,600 People's United Financial, Inc COM 712704105 188 14,647 SH Defined 14,647 Perkin Elmer, Inc. COM 714046109 886 44,300 SH Defined 44,300 Plains Exploration & Productio COM 726505100 15,680 427,005 SH Defined 1 424,631 2,374 Praxair, Inc. COM 74005P104 428 4,000 SH Defined 4,000 Precision Castparts Corp. COM 740189105 659 4,000 SH Defined 4,000 QLogic Corp. COM 747277101 6,540 436,000 SH Defined 1 436,000 Rogers Corp. COM 775133101 14,883 403,758 SH Defined 1 403,758 Ross Stores, Inc. COM 778296103 11,699 246,132 SH Defined 246,132 Ruby Tuesday, Inc. COM 781182100 1,254 181,692 SH Defined 181,692 Saks, Inc. COM 79377w108 4,746 486,750 SH Defined 1 486,750 Skyworks Solutions, Inc. COM 83088M102 1,100 67,800 SH Defined 1 67,800 Southwestern Energy Company COM 845467109 4,168 130,500 SH Defined 130,500 Stone Energy Corp. COM 861642106 3,152 119,500 SH Defined 119,500 Synopsys, Inc. COM 871607107 1,170 43,000 SH Defined 1 39,000 4,000 TJX Companies COM 872540109 20,056 310,700 SH Defined 310,700 Thermo Fisher Scientific Inc. COM 883556102 2,069 46,000 SH Defined 46,000 Timberland Bancorp. COM 887098101 504 127,600 SH Defined 127,600 UTI Worldwide, Inc. COM G87210103 10,095 759,593 SH Defined 1 759,593 United Rentals, Inc. COM 911363109 14,991 507,300 SH Defined 1 507,300 Universal Health Services, Inc COM 913903100 20,557 529,000 SH Defined 1 529,000 Vishay Intertechnology, Inc. COM 928298108 360 40,000 SH Defined 1 40,000 Volt Information Sciences, Inc COM 928703107 3,006 484,775 SH Defined 1 484,775 Webster Financial Corp. COM 947890109 3,121 153,052 SH Defined 151,952 1,100 Willis Group Holdings plc COM 013131180 27,226 701,698 SH Defined 1 701,698