13F-HR 1 t306509.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 13F-HR FORM 13F-HR COVER PAGE Report for the Calendar Year or Quarter Ended: 9/30/2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.):[ ] is a restatement [X] adds new holding entires Institutional Investment Manager Filing this Report: Name: Credo Capital Management, LLC Address: 225 E. Redwood Street, 2nd Floor Baltimore, MD 21202 Form 13F File Number: 28-12753 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: Melanie H. Mendoza Title: Chief Compliance Officer Phone: (410) 244-6200 Signature, Place, and Date of Signing: Melanie H. Mendoza Baltimore, MD October 13, 2011 -------------------------------------------------------------------------------- [Signature] [City, State] [Date] Report Type (Check only one): [x] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F information Table Entry Total: 103 Form 13F Information Table Value Total: 468,625 List of Other Included Managers; Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is field, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE

~~Voting~~Title ~~Authority~~of 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 -------------- -------------- ----- -------- ------- --- ---- ------- -------- ---- ------ -------------------------------------------------- ~~Acuity Brands Inc. COM 00508Y102 1017 18230 SH Sole 18230~~ Airgas Inc. COM 009363102 ~~5347~~8638 ~~76346~~135350 SH Sole ~~47283~~68289 ~~29063~~67061 Alexion Pharmaceuticals Inc. COM 015351109 ~~10066~~7688 ~~214028~~120017 SH Sole ~~130455~~60551 ~~83573~~59466 ~~Alpha~~Arch ~~Natural~~Coal ~~Resources~~ Inc. COM ~~02076X102~~039380100 ~~10380~~5894 ~~228433~~404264 SH Sole ~~139665~~203954 ~~88768~~200310 ~~American Public Education Inc COM 02913V103 927 20836 SH Sole 20836~~ Bed Bath & Beyond Inc. COM 075896100 ~~13023~~9012 ~~223113~~157257 SH Sole ~~136018~~79623 ~~87095~~77634 Blue Nile Inc. COM 09578R103 ~~613~~492 13939 SH Sole 13939 Buffalo Wild Wings Inc. COM 119848109 ~~11785~~11577 ~~177722~~193599 SH Sole ~~99171~~101435 ~~78551~~92164 Carrizo Oil & Gas Inc. COM 144577103 ~~12592~~7576 ~~301605~~351563 SH Sole ~~165532~~183952 ~~136073~~167611 Catalyst Health Solutions Inc. COM 14888B103 ~~11007~~9523 ~~197183~~165080 SH Sole ~~112486~~77719 ~~84697~~87361 Cavium Inc. COM 14964U108 ~~968~~1435 ~~22211~~53125 SH Sole 30914 22211 Cepheid COM 15670R107 ~~1069~~944 ~~30859~~24303 SH Sole ~~30859~~24303 Chart Industries Inc. COM 16115Q308 ~~1054~~2003 ~~19535~~47492 SH Sole 27957 19535 ~~Children's Place Retail Store COM 168905107 8737 196384 SH Sole 111954 84430~~ Cogent Communications Group IIn COM 19239V302 ~~760~~1434 ~~44704~~106620 SH Sole 61916 44704 Coherent Inc. COM 192479103 ~~1075~~1763 ~~19455~~41039 SH Sole ~~19455~~24076 ~~Coinstar~~16963 ~~Inc. COM 19259P300 11391 208862 SH Sole 116360 92502~~ Computer Programs & Systems IIn COM 205306103 ~~756~~788 11914 SH Sole 11914 Comstock Resources Inc. COM 205768203 ~~944~~1239 ~~32792~~80116 SH Sole 47324 32792 ~~Constant~~Cree ~~Contact~~ Inc. COM ~~210313102~~225447101 ~~865~~3501 ~~34100~~134743 SH Sole ~~34100~~67976 66767 Crown Holdings Inc. COM 228368106 ~~10485~~8082 ~~270084~~264030 SH Sole ~~164661~~133237 ~~105423~~130793 DG Fastchannel Inc. COM 23326R109 ~~1224~~1355 ~~38200~~79955 SH Sole ~~38200~~44040 35915 DTS Inc. COM 23335C101 ~~789~~1373 ~~19451~~55305 SH Sole ~~19451~~32437 22868 Deckers Outdoor Corp. COM 243537107 ~~10140~~10247 ~~115041~~109878 SH Sole ~~70093~~55438 ~~44948~~54440 Diamond Foods Inc. COM 252603105 ~~12213~~10009 ~~159988~~125442 SH Sole ~~90359~~65332 ~~69629~~60110 Digital Realty Trust Inc. COM 253868103 ~~11513~~9549 ~~186354~~173115 SH Sole ~~113583~~87317 ~~72771~~85798 Dresser-Rand Group Inc. COM 261608103 ~~10139~~6955 ~~188627~~171591 SH Sole ~~115013~~86582 ~~73614~~85009 Dupont Fabros Technology Inc. COM 26613Q106 ~~1008~~1943 ~~40003~~98659 SH Sole 58656 40003 EQT Corp. COM 26884L109 ~~7356~~9100 ~~140067~~170546 SH Sole ~~86072~~90094 ~~53995~~80452 Elizabeth Arden Inc. COM 28660G106 ~~1005~~830 ~~34630~~29191 SH Sole ~~34630~~29191 EnerSys Inc. COM 29275Y102 ~~861~~1198 ~~25020~~59819 SH Sole 34799 25020 Equinix Inc. COM 29444U502 ~~10694~~8736 ~~105862~~98341 SH Sole ~~64520~~49583 ~~41342~~48758 Evercore Partners Inc. COM 29977A105 ~~896~~1979 ~~26876~~86811 SH Sole ~~26876~~51468 35343 Fastenal Co. COM 311900104 ~~12175~~8055 ~~338302~~242039 SH Sole ~~206250~~122105 ~~132052~~119934 Finisar Corp. COM 31787A507 ~~597~~1763 ~~33111~~100506 SH Sole ~~33111~~58466 42040 Forward Air Corp. COM 349853101 ~~903~~680 26710 SH Sole 26710 Globe Specialty Metals Inc. COM 37954N206 ~~1309~~1724 ~~58379~~118725 SH Sole ~~58379~~70141 ~~Great~~48584 ~~Lakes~~Greenhill ~~Dredge~~ & ~~Dock~~Co. ~~Cor~~ COM ~~390607109~~395259104 ~~572~~5671 ~~102593~~198346 SH Sole ~~102593~~100091 ~~Green~~98255 ~~Mountain~~Gulfport ~~Coffee~~Energy ~~Roaster COM 393122106 15220 170517 SH Sole 103955 66562 Greenhill & Co~~Corp. COM ~~395259104~~402635304 ~~9350~~2115 ~~173733~~87485 SH Sole ~~105893~~51740 ~~67840~~35745 HMS Holdings Corp. COM 40425J101 ~~10197~~9043 ~~132649~~370778 SH Sole ~~81107~~187106 ~~51542~~183672 Harman International ~~Industri~~Industrie COM 413086109 ~~9263~~6789 ~~203275~~237558 SH Sole ~~123887~~119847 ~~79388~~117711 Helix Energy Solutions Group I COM 42330P107 ~~1033~~1269 ~~62383~~96852 SH Sole ~~62383~~56861 ~~Hhgregg~~39991 ~~Inc. COM 42833L108 307 22925 SH Sole 22925 Horsehead Holding Corp. COM 440694305 604 45332 SH Sole 45332~~ Huntsman Corp. COM 447011107 ~~2944~~5110 ~~156175~~528467 SH Sole ~~96612~~266678 ~~59563~~261789 IPC The Hospitalist Co. Inc. COM 44984A105 ~~980~~1930 ~~21138~~54066 SH Sole ~~21138~~31817 22249 Illumina Inc. COM 452327109 ~~10481~~8923 ~~139473~~218050 SH Sole ~~85024~~120407 ~~54449~~97643 Insulet Corp. COM 45784P101 ~~1093~~1451 ~~49280~~95104 SH Sole ~~49280~~47079 48025 Interface Inc. COM 458665106 1312 110651 SH Sole 48968 61683 K12 Inc. COM 48273U102 ~~783~~1585 ~~23630~~62255 SH Sole ~~23630~~35570 26685 Koppers Holdings Inc. COM 50060P106 ~~831~~1371 ~~21917~~53547 SH Sole ~~21917~~26098 27449 Legg Mason Inc. COM 524901105 ~~9936~~7243 ~~303302~~281735 SH Sole ~~184833~~142114 ~~118469~~139621 Littelfuse Inc. COM 537008104 ~~870~~596 14820 SH Sole 14820 ~~Luminex~~Lufkin ~~Corp~~Industries Inc. COM ~~55027E102~~549764108 ~~931~~1469 ~~44550~~27609 SH Sole ~~44550~~16396 ~~MEMC~~11213 ~~Electronic~~Luminex ~~Materials~~Corp. ~~Inc~~ COM ~~552715104~~55027E102 ~~119~~868 ~~13960~~39146 SH Sole ~~13960~~39146 MF Global Ltd. COM 55277J108 ~~9985~~6956 ~~1289996~~1684230 SH Sole ~~724110~~873568 ~~565886~~810662 Manitowoc Co. COM 563571108 ~~10859~~6509 ~~644858~~970001 SH Sole ~~368508~~504150 ~~276350~~465851 ManpowerGroup COM 56418H100 ~~8334~~5368 ~~155339~~159654 SH Sole ~~94769~~80553 ~~60570~~79101 Marten Transport Ltd. COM 573075108 ~~615~~491 28470 SH Sole 28470 Maxwell Technologies Inc. COM 577767106 ~~736~~837 45460 SH Sole 45460 Medidata Solutions Inc. COM 58471A105 ~~734~~506 30770 SH Sole 30770 ~~Meru Networks Inc. COM 59047Q103 247 20600 SH Sole 20600~~ MetroPCS Communications Inc. COM 591708102 ~~8387~~4031 ~~487335~~462789 SH Sole ~~297032~~234131 ~~190303~~228658 Microsemi Corp. COM 595137100 ~~10659~~10281 ~~519964~~643378 SH Sole ~~286723~~334688 ~~233241~~308690 Modine Manufacturing Co. COM 607828100 ~~721~~1352 ~~46898~~149217 SH Sole ~~46898~~73925 75292 Mohawk Industries Inc. COM 608190104 ~~9506~~7922 ~~158457~~184630 SH Sole ~~96540~~93147 ~~61917~~91483 Monro Muffler Brake Inc. COM 610236101 ~~845~~1916 ~~22654~~58118 SH Sole ~~22654~~34474 23644 Moog Inc. COM 615394202 ~~8740~~7347 ~~200833~~225216 SH Sole ~~122558~~113651 ~~78275~~111565 ~~Motricity Inc. COM 620107102 377 48815 SH Sole 48815~~ Navistar International Corp. COM 63934E108 ~~8605~~6015 ~~152401~~187258 SH Sole ~~93005~~94491 ~~59396~~92767 NetSuite Inc. COM 64118Q107 ~~784~~541 20012 SH Sole 20012 ON Semiconductor Corp. COM 682189105 ~~8908~~5668 ~~850802~~790505 SH Sole ~~518817~~398785 ~~331985~~391720 OPNET Technologies Inc. COM 683757108 ~~1126~~1753 ~~27501~~50214 SH Sole ~~27501~~29513 20701 Old Dominion Freight Line Inc. COM 679580100 ~~9116~~7152 ~~244408~~246867 SH Sole ~~149140~~123708 ~~95268~~123159 Onyx Pharmaceuticals Inc. COM 683399109 ~~842~~1740 ~~23850~~57978 SH Sole 34128 23850 PVH Corp. COM 693656100 8625 148097 SH Sole 74693 73404 Par Pharmaceutical Cos. Inc. COM 69888P106 ~~625~~504 18950 SH Sole 18950 Parametric Technology Corp. COM 699173209 ~~9929~~6186 ~~433018~~402196 SH Sole ~~263858~~202847 ~~169160~~199349 Peet's Coffee & Tea Inc. COM 705560100 ~~882~~851 15294 SH Sole 15294 Pegasystems Inc. COM 705573103 ~~11851~~8164 ~~254595~~266716 SH Sole ~~139195~~141401 ~~115400~~125315 ~~Phillips-Van~~Pioneer ~~Heusen~~Drilling ~~Corp~~Co. COM ~~718592108~~723655106 ~~10442~~1071 ~~159488~~149101 SH Sole ~~97180~~88112 ~~62308~~60989 Polycom Inc. COM 73172K104 ~~11068~~5622 ~~172132~~306044 SH Sole ~~104657~~154419 ~~67475~~151625 Power Intergrations Inc. COM 739276103 ~~846~~1636 ~~22026~~53434 SH Sole 31408 22026 Quality Systems Inc. COM 747582104 ~~7108~~5633 ~~81417~~58074 SH Sole ~~49617~~29203 ~~31800~~28871 RBC Bearings Inc. COM 75524B104 ~~928~~835 24578 SH Sole 24578 Rackspace Hosting Inc. COM 750086100 ~~8331~~6182 ~~194932~~181080 SH Sole ~~118821~~91354 ~~76111~~89726 RealD Inc. COM 75604L105 ~~770~~1166 ~~32940~~124661 SH Sole ~~32940~~61562 63099 RightNow Technologies Inc. COM 76657R106 ~~1063~~2456 ~~32795~~74299 SH Sole ~~32795~~48002 26297 Robert Half International Inc. COM 770323103 ~~8547~~7008 ~~316199~~330247 SH Sole ~~192919~~166624 ~~123280~~163623 Rovi Corp. COM 779376102 ~~11025~~7674 ~~192202~~178537 SH Sole ~~117150~~90072 ~~75052~~88465 Royal Caribbean Cruises Ltd. COM V7780T103 ~~8833~~6934 ~~234674~~320442 SH Sole ~~142947~~161696 ~~91727~~158746 Rue21 Inc. COM 781295100 ~~868~~1794 ~~26710~~79064 SH Sole ~~26710~~46636 32428 SPX Corp. COM 784635104 ~~9931~~5258 ~~120138~~116038 SH Sole ~~73339~~58548 ~~46799~~57490 Salix Pharmaceuticals Ltd. COM 795435106 ~~10805~~8605 ~~271280~~290713 SH Sole ~~149028~~151377 ~~122252~~139336 Semtech Corp. COM 816850101 ~~10963~~5486 ~~400984~~260021 SH Sole ~~244426~~124834 ~~156558~~135187 ~~Silicon~~Snyder-Lance ~~Laboratories~~ Inc. COM ~~826919102~~833551104 ~~842~~4160 ~~20416~~199541 SH Sole ~~20416~~100670 98871 Sourcefire Inc. COM 83616T108 ~~961~~1712 ~~32329~~63994 SH Sole ~~32329~~37539 26455 Stifel Financial Corp. COM 860630102 ~~9065~~7202 ~~252781~~271158 SH Sole ~~140307~~142499 ~~112474~~128659 Superior Energy Services COM 868157108 ~~10107~~8857 ~~272126~~337540 SH Sole ~~166365~~170291 ~~105761~~167249 Tiffany & Co. COM 886547108 ~~11789~~10311 ~~150143~~169527 SH Sole ~~91507~~85546 ~~58636~~83981 Timken Co. COM 887389104 ~~9367~~7133 ~~185856~~217343 SH Sole ~~113120~~109639 ~~72736~~107704 Trinity Industries Inc. COM 896522109 ~~10474~~6520 ~~300273~~304512 SH Sole ~~183175~~153609 ~~117098~~150903 True Religion Apparel Inc. COM 89784N104 1047 38833 SH Sole 22719 16114 Ultimate Software Group Inc. COM 90385D107 ~~1031~~1414 ~~18950~~30261 SH Sole ~~18950~~12901 17360 Ultratech Inc. COM 904034105 ~~828~~1132 ~~27260~~66006 SH Sole 38746 27260 Urban Outfitters Inc. COM 917047102 ~~6938~~5594 ~~246454~~250637 SH Sole ~~150178~~126475 ~~96276~~124162 ~~Volcano~~Vera ~~Corp~~Bradley Inc. COM ~~928645100~~92335C106 ~~1097~~11910 ~~33970~~330366 SH Sole ~~33970~~173982 ~~W.W.~~156384 ~~Grainger~~Volcano ~~Inc~~Corp. COM ~~384802104~~928645100 ~~8730~~1007 ~~56817~~33970 SH Sole ~~34675~~33970 ~~22142~~ Wesco International Inc. COM 95082P105 ~~8947~~7814 ~~165418~~232916 SH Sole ~~100890~~123720 ~~64528~~109196 Wright Express Corp. COM 98233Q105 ~~1049~~2042 ~~20155~~53674 SH Sole ~~20155~~31957 21717 athenahealth Inc. COM 04685W103 ~~9289~~8867 ~~226018~~148900 SH Sole ~~125684~~76887 ~~100334~~72013 REPORT SUMMARY ~~109~~103 DATA RECORDS ~~588659~~468625 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

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