13F-HR 1 d1262712_13f-hr.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 holding entries. Institutional Manager Filing this Report: Name: Cardinal Capital Management, LLC Address: One Greenwich Office Park Greenwich, CT 06831 13F File Number: 028-07760 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: Amy K. Minella Title: Managing Director Phone: (203) 863-8981 Signature, Place and Date of Signing: /s/ Amy K. Minella Greenwich, CT February 14, 2012 ----------------------- -------------------------- ---------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 73 Form 13F Information Table Value Total: $1,113,368 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE December 31, 2011

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------------- -------------- --------- -------- ------------------- ---------- -------- ------------------------ VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE -------------- -------------- --------- -------- --------- --- ---- ---------- -------- -------- ------ -------- ACI WORLDWIDE INC COM 004498101 $19,363 676,080 SH SOLE 302,000 374,080 ACXIOM CORP COM 005125109 $9,272 759,385 SH SOLE 352,115 407,270 AFC ENTERPRISES INC COM 00104Q107 $5,663 385,212 SH SOLE 233,430 151,782 AFFILIATED MANAGERS GROUP COM 008252108 $35,475 369,720 SH SOLE 114,013 255,707 ALBEMARLE CORP COM 012653101 $2,591 50,300 SH SOLE 1,000 49,300 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 $18,186 1,189,434 SH SOLE 379,372 810,062 AMERICAN PUBLIC EDUCATION IN COM 02913V103 $4,569 105,571 SH SOLE 63,700 41,871 AMETEK INC NEW COM 031100100 $4,508 107,075 SH SOLE 1,025 106,050 ARES CAP CORP COM 04010L103 $7,420 480,280 SH SOLE 16,380 463,900 ASCENA RETAIL GROUP INC COM 04351G101 $10,546 354,850 SH SOLE 153,700 201,150 ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 $36,110 939,622 SH SOLE 360,313 579,309 ATMEL CORP COM 049513104 $8,064 995,500 SH SOLE 232,700 762,800 BOINGO WIRELESS INC COM 09739C102 $5,539 644,117 SH SOLE 385,318 258,799 BOTTOMLINE TECH DEL INC COM 101388106 $5,849 252,448 SH SOLE 152,600 99,848 BRINKS CO COM 109696104 $16,093 598,702 SH SOLE 271,200 327,502 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 $17,457 774,130 SH SOLE 299,072 475,058 CAPITALSOURCE INC COM 14055X102 $25,847 3,857,730 SH SOLE 1,524,140 2,333,590 CASH AMER INTL INC COM 14754D100 $26,424 566,680 SH SOLE 218,329 348,351 CBIZ INC COM 124805102 $14,271 2,335,624 SH SOLE 1,421,740 913,884 CEDAR FAIR L P DEPOSITRY UNIT 150185106 $419 19,500 SH SOLE 19,500 CHESAPEAKE ENERGY CORP COM 165167107 $3,701 166,020 SH SOLE 3,520 162,500 CONCHO RES INC COM 20605P101 $11,578 123,500 SH SOLE 3,910 119,590 CONVERGYS CORP COM 212485106 $27,916 2,186,071 SH SOLE 803,301 1,382,770 CYS INVTS INC COM 12673A108 $27,292 2,077,015 SH SOLE 931,794 1,145,221 DIGITAL GENERATION INC COM 25400B108 $6,013 504,470 SH SOLE 336,400 168,070 DOLAN CO COM 25659P402 $13,196 1,548,861 SH SOLE 946,331 602,530 DONNELLEY R R & SONS CO COM 257867101 $23,371 1,619,638 SH SOLE 625,021 994,617 ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 $19,261 440,651 SH SOLE 185,321 255,330 EQUIFAX INC COM 294429105 $9,823 253,551 SH SOLE 9,251 244,300 F M C CORP COM NEW 302491303 $11,470 133,310 SH SOLE 2,810 130,500 FISERV INC COM 337738108 $4,952 84,310 SH SOLE 5,160 79,150 FTI CONSULTING INC COM 302941109 $2,974 70,100 SH SOLE 70,100 GLOBAL CASH ACCESS HLDGS INC COM 378967103 $8,261 1,856,365 SH SOLE 1,117,498 738,867 GLOBAL PMTS INC COM 37940X102 $22,081 466,050 SH SOLE 182,560 283,490 GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 $17,746 786,970 SH SOLE 339,710 447,260 GRACE W R & CO DEL NEW COM 38388F108 $3,614 78,700 SH SOLE 47,500 31,200 HARRIS CORP DEL COM 413875105 $3,936 109,210 SH SOLE 710 108,500 HATTERAS FINL CORP COM 41902R103 $19,546 741,220 SH SOLE 255,150 486,070 HELEN OF TROY CORP LTD COM G4388N106 $9,428 307,108 SH SOLE 182,260 124,848 HERCULES TECH GROWTH CAP INC COM 427096508 $13,087 1,386,329 SH SOLE 839,273 547,056 HUNT J B TRANS SVCS INC COM 445658107 $3,611 80,120 SH SOLE 1,420 78,700 IAC INTERACTIVECORP COM PAR $.001 44919P508 $46,666 1,095,450 SH SOLE 421,320 674,130 INTERDIGITAL INC COM 45867G101 $21,002 482,028 SH SOLE 186,618 295,410 INTUIT COM 461202103 $4,629 88,030 SH SOLE 5,330 82,700 J2 GLOBAL INC COM 48123V102 $37,273 1,324,544 SH SOLE 519,314 805,230 KAMAN CORP COM 483548103 $24,624 901,313 SH SOLE 489,408 411,905 KAR AUCTION SVCS INC COM 48238T109 $24,431 1,809,729 SH SOLE 705,940 1,103,789 LITTELFUSE INC COM 537008104 $3,372 78,450 SH SOLE 45,950 32,500 MDC PARTNERS INC CL A SUB VTG 552697104 $17,351 1,283,334 SH SOLE 779,741 503,593 MEDICAL PPTYS TRUST INC COM 58463J304 $10,777 1,091,850 SH SOLE 495,400 596,450 NELNET INC CL A 64031N108 $45,982 1,879,105 SH SOLE 780,367 1,098,738 NORTHWEST BANCSHARES INC MD COM 667340103 $18,886 1,518,138 SH SOLE 686,000 832,138 OASIS PETE INC NEW COM 674215108 $18,981 652,500 SH SOLE 301,100 351,400 PURECYCLE CORP COM NEW 746228303 $375 199,599 SH SOLE 104,456 95,143 RESOLUTE ENERGY CORP COM 76116A108 $3,944 365,139 SH SOLE 218,200 146,939 SANDRIDGE ENERGY INC COM 80007P307 $3,476 426,000 SH SOLE 247,700 178,300 SCHEIN HENRY INC COM 806407102 $9,033 140,191 SH SOLE 3,891 136,300 SILGAN HOLDINGS INC COM 827048109 $47,540 1,230,324 SH SOLE 478,360 751,964 SIX FLAGS ENTMT CORP NEW COM 83001A102 $40,523 982,602 SH SOLE 386,096 596,506 SMUCKER J M CO COM NEW 832696405 $12,539 160,410 SH SOLE 6,410 154,000 STAGE STORES INC COM NEW 85254C305 $9,579 689,634 SH SOLE 416,904 272,730 STANLEY BLACK & DECKER INC COM 854502101 $6,862 101,515 SH SOLE 6,215 95,300 STARWOOD PPTY TR INC COM 85571B105 $17,563 948,820 SH SOLE 389,640 559,180 STEINWAY MUSICAL INSTRS INC COM 858495104 $6,644 265,352 SH SOLE 151,450 113,902 TELEDYNE TECHNOLOGIES INC COM 879360105 $44,075 803,547 SH SOLE 313,167 490,380 TELEFLEX INC COM 879369106 $25,215 411,410 SH SOLE 157,735 253,675 VALUECLICK INC COM 92046N102 $15,987 981,390 SH SOLE 382,200 599,190 VIRGIN MEDIA INC COM 92769L101 $9,994 467,440 SH SOLE 20,944 446,496 WEST PHARMACEUTICAL SVSC INC COM 955306105 $2,387 62,910 SH SOLE 34,573 28,337 WESTERN UN CO COM 959802109 $6,019 329,640 SH SOLE 24,040 305,600 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 $4,300 110,837 SH SOLE 988 109,849 WINDSTREAM CORP COM 97381W104 $5,093 433,853 SH SOLE 4,653 429,200 WORLD FUEL SVCS CORP COM 981475106 $31,723 755,660 SH SOLE 303,000 452,660

SK 01269 0001 1262712