13F-HR 1 ram13f12-31.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, 2004 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: Rorer Asset Management, LLC Address: Eight Tower Bridge 161 Washington, St., Suite 1500 Conshohocken, PA 19428 Form 13F File Number: 028-03869 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: Maria A. Cancelosi Title: Chief Compliance Officer Phone: 484-530-4300 Signature, Place, and Date of Signing: /s/ Maria A. Cancelosi Conshohocken, PA 02-11-2005 ---------------------- -------------------------- ----------------- [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 manager(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).)

RORER ASSET MANAGEMENT, LLC 13F REPORT AS OF ~~JUNE~~DECEMBER 3031, 2004 TITLE VOTING AUTHORITY OF VALUE SH/ PUT/ INVESTMENT SOLE SHARED NONE NAME OF ISSUER CLASS CUSIP (X $1000) SHARES PRN CALL DISCRETION MANAGERS (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------------------- ~~ABBOTT~~AFLAC ~~LABS~~INC COMMON ~~002824100~~001055102 $~~166~~67,~~004~~606.5489 41,~~633~~867,~~816~~062 SH DEFINED 01 ~~4,109,737~~ 1,~~995 522~~664,~~084~~050 ~~ALTRIA~~824 ~~GROUP INC COM COMMON 02209S103 $450.45 9~~202,~~000~~188 SHABBOTT ~~DEFINED~~LABS ~~01 0 0 9,000 AMERICAN INTL GROUP I~~ COMMON ~~026874107~~002824100 $~~169~~97,~~790~~468.5410 2,~~720~~303,~~144~~843 SH DEFINED 01 2,~~413~~057,~~274~~734 1,~~166~~025 ~~305~~245,~~704~~084 AMGEN INC COMMON 031162100 $~~400.00 7~~30,~~330 SH DEFINED 01 330 0 7,000 ANDRX GROUP COM COMMON 034553107 $5,509~~431.1640 ~~197~~523,~~255~~026 SH DEFINED 01 ~~188~~461,~~440~~172 ~~170~~225 861,~~645~~629 ANTHEM INC COM COMMON 03674B104 $5,212.66 58,203 SH DEFINED 01 55,746 50 2,407 AON CORP COM COMMON 037389103 $5,823.62 204,553 SH DEFINED 01 195,973 165 8,415 ATMEL CORP COMMON 049513104 $2,775.42 468,830 SH DEFINED 01 448,060 405 20,365 BJS WHSL CLUB INC COM COMMON 05548J106 $57,~~949~~503.0007 ~~237~~259,~~960~~504 SH DEFINED 01 ~~227~~248,~~580~~894 200 10,~~180~~410 BANK NEW YORK INC COMMON 064057102 $~~155~~83,~~058~~287.2655 52,~~994~~777,~~910~~904 SH DEFINED 01 52,~~311~~451,~~265~~908 21,~~545~~315 ~~681~~324,~~100~~681 BEAR STEARNS COS INC COMMON 073902108 $57,~~629~~212.6372 6670,~~773~~862 SH DEFINED 01 6367,~~953~~977 55 2,~~765~~830 BERKSHIRE HATHAWAY IN COMMON 084670207 $~~310~~308.28 105 SH DEFINED 01 0 0 105 BEST BUY INC COMMON 086516101 $5486,~~150~~720.7977 1,~~217~~612,~~557~~829 SH DEFINED 01 1,~~083~~438,~~462~~680 ~~515~~700 ~~133~~173,~~580~~449 ~~CVS~~CIGNA CORP COM COMMON ~~126650100~~125509109 $~~192~~101,~~210~~442.5161 51,~~209~~370,~~598~~826 SH DEFINED 01 41,~~613~~220,~~347~~454 ~~2,217~~605 ~~594~~149,~~034~~767 ~~CAREMARK~~CVS RXCORP ~~INC~~ COM COMMON ~~141705103~~126650100 $6105,~~764~~908.2090 ~~205~~2,~~349~~577,046 SH DEFINED 01 ~~196~~2,~~689~~294,421 ~~170~~1,152 8281,~~490~~473 ~~CHECKFREE~~CEPHALON ~~CORP~~INC ~~NEW~~COM CO COMMON ~~162813109~~156708109 $56,~~593~~465.0626 ~~186~~128,~~442~~831 SH DEFINED 01 ~~178~~123,~~522~~536 ~~155~~100 75,~~765~~195 CHEVRONTEXACO CORP. COMMON 166764100 $6883,~~702~~992.0409 ~~829~~1,~~974~~758,912 SH DEFINED 01 ~~738~~1,~~202~~567,890 ~~354~~787 91190,~~418~~235 CISCO SYS INC COMMON 17275R102 $~~109~~80,~~266~~527.1869 54,~~248~~589,~~134~~327 SH DEFINED 01 4,~~653~~089,~~092~~915 2,~~251~~021 ~~592~~497,~~791~~391 CITIGROUP INC. COMMON 172967101 $~~153~~91,~~098~~558.5204 32,~~758~~090,~~928~~622 SH DEFINED 01 31,~~332~~861,~~523~~641 ~~1,606~~919 ~~424~~228,~~799~~062 ~~COCA~~COMPUTER ~~COLA~~SCIENCES COCOR COMMON ~~191216100~~205363104 $~~175~~4,~~548~~219.2789 377,~~967,232~~197 SH DEFINED 01 373,~~520,557~~117 ~~1,665~~50 ~~445~~4,~~010~~030 CONOCOPHILLIPS COM COMMON 20825C104 $~~154~~89,~~062~~633.8905 21,~~301~~135,~~896~~156 SH DEFINED 01 21,~~041~~012,~~217~~350 ~~978~~503 ~~259~~122,~~701~~303 ~~COORS~~CONSTELLATION ~~ADOLPH~~ENERGY ~~CO CL B~~ COMMON ~~217016104~~210371100 $27,~~781~~193.8313 38155,~~455~~247 SH DEFINED 01 36148,~~715~~912 35120 16,~~705~~215 CULLEN FROST BANKERS COMMON 229899109 $~~537~~583.0020 12,000 SH DEFINED 01 0 0 12,000 ~~DEVON~~DOVER ~~ENERGY~~ CORP ~~NEW~~ COMMON ~~25179M103~~260003108 $~~159~~6,~~327~~247.3314 2154,~~731,550~~504 SH DEFINED 01 2148,~~431,581~~199 ~~1,200~~120 ~~298~~6,~~769~~185 E TRADE GROUP INC COM COMMON 269246104 $57,~~317~~518.2776 ~~476~~520,~~885~~396 SH DEFINED 01 ~~456~~499,~~160~~211 405 20,~~320~~780 ~~EXXON~~EASTMAN ~~MOBIL~~KODAK ~~CORPORATI~~ COMMON ~~30231G102~~277461109 $~~125~~96,~~152~~690.4019 3,~~198~~261,~~545~~111 SH DEFINED 01 2,~~847~~920,~~399~~484 1,~~308~~520 ~~349~~339,~~838~~107 ~~FISERV~~ECHOSTAR ~~INC~~COMMUN ~~COM~~CORP COMMON ~~337738108~~278762109 $8976,~~167~~078.4109 2,~~615~~523,~~369~~331 SH DEFINED 01 2,~~303~~251,~~244~~337 1,~~260~~117 ~~310~~270,~~865~~877 ~~GENERAL~~EXXON ~~DYNAMICS~~MOBIL ~~CORP~~CORPORATI COMMON ~~369550108~~30231G102 $~~159~~72,~~592~~481.18 1,~~838~~552,~~946~~551 SH DEFINED 01 1,~~634~~385,~~877~~028 ~~787~~653 ~~203~~166,~~282~~870 ~~GENERAL~~FISERV ~~ELEC~~INC COCOM COMMON ~~369604103~~337738108 $~~163~~104,~~563~~799.7322 52,~~759~~863,~~462~~179 SH DEFINED 01 52,~~113~~563,~~092~~735 21,~~428~~315 ~~643~~298,~~942~~129 ~~GOLDMAN~~FOREST ~~SACHS~~LABS ~~GROUP~~INC I COMMON ~~38141G104~~345838106 $8860,~~174~~483.9413 1,~~067~~488,~~292~~148 SH DEFINED 01 ~~946~~1,~~207~~326,192 ~~465~~651 ~~120~~161,~~620~~305 ~~HEALTH~~FREESCALE ~~MGMT~~SEMICONDUCT ~~ASSOC INC~~ COMMON ~~421933102~~35687M206 $~~5,172~~232.0986 ~~230~~12,~~691~~683 SH DEFINED 01 ~~220~~11,~~871~~983 ~~190~~0 ~~9,630~~700 ~~HEWLETT~~GENERAL ~~PACKARD~~ELEC CO COMMON ~~428236103~~369604103 $~~227~~94,~~934~~475.6560 122,~~293~~847,~~533~~768 SH DEFINED 01 102,~~888~~533,~~422~~359 51,~~2301~~248 313,~~399,881~~161 ~~INTEL~~GOLDMAN ~~CORP~~SACHS GROUP I COMMON ~~458140100~~38141G104 $~~146~~100,~~699~~266.8534 61,~~053~~060,~~043~~713 SH DEFINED 01 5945,~~357,744~~299 ~~2,578~~460 ~~692~~114,~~721~~954 IHEALTH BMGMT MASSOC INC COMMON ~~459200101~~421933102 $~~156~~5,~~397~~458.8127 2243,~~025,471~~063 SH DEFINED 01 1233,~~794,981~~028 ~~862~~190 ~~229~~9,~~628~~845 ~~J.P.~~HEWLETT ~~MORGAN~~PACKARD ~~CHASE & C~~ COMMON ~~46625H100~~428236103 $~~176~~115,~~231~~473.1481 56,~~192~~065,~~487~~374 SH DEFINED 01 45,~~601~~395,~~244~~226 2,~~203~~690 ~~589~~667,~~040~~458 ~~JOHNSON~~I &B ~~JOHNSON~~M COMMON ~~478160104~~459200101 $~~169~~89,~~030~~409.9976 31,~~458~~003,~~382~~218 SH DEFINED 01 3893,~~061,498~~883 ~~1,493~~439 ~~395~~108,~~391~~896 ~~KROLL~~J.P. ~~INC~~MORGAN ~~COM~~CHASE & C COMMON ~~501049100~~46625H100 $790,~~724~~769.7010 ~~209~~2,~~455~~564,310 SH DEFINED 01 ~~200~~2,~~135~~282,589 ~~185~~1,125 9280,~~135~~596 ~~LAUDER~~JOHNSON ~~ESTEE~~& ~~COS~~JOHNSON ~~INC~~ COMMON ~~518439104~~478160104 $599,~~061~~175.7249 ~~103~~1,~~766~~721,492 SH DEFINED 01 991,~~396~~532,973 85773 4187,~~285~~746 ~~LINEAR~~LEXMARK ~~TECHNOLOGY~~INTL ~~COR~~GROUP IN COMMON ~~535678106~~529771107 $556,~~329~~279.7648 ~~135~~730,~~033~~868 SH DEFINED 01 ~~129~~652,~~313~~471 ~~110~~324 578,~~610~~073 ~~LIZ~~LINEAR ~~CLAIBORNE~~TECHNOLOGY ~~INC~~COR COMMON ~~539320101~~535678106 $5,~~142~~500.8577 ~~142~~143,~~936~~497 SH DEFINED 01 ~~136~~137,~~891~~652 ~~120~~110 5,~~925~~735 ~~LOEWS~~LIZ ~~CORP~~CLAIBORNE INC COMMON ~~540424108~~539320101 $56,~~582~~362.8940 93151,~~110~~137 SH DEFINED 01 88144,~~990~~952 80120 46,~~040~~065 LOWES CO COMMON 548661107 $~~184~~103,~~630~~720.7537 41,~~005~~984,~~769~~657 SH DEFINED 01 31,~~551~~769,~~680~~865 ~~1,702~~871 ~~452~~213,~~387~~921 ~~LUCENT~~MCDONALDS ~~TECH~~CORP COMMON ~~549463107~~580135101 $~~173~~98,~~567~~564.3724 503,~~852~~380,~~679~~455 SH DEFINED 01 453,~~038~~010,~~6822~~421 1,~~760~~503 5368,~~792,237~~531 ~~MARSH~~MERCURY ~~MCLENNAN~~GEN CORP NEW COMMON ~~571748102~~589400100 $~~178~~6,~~040~~705.4679 4114,~~489,405~~301 SH DEFINED 01 3109,~~974,292~~576 ~~1,955~~90 ~~513~~4,~~158~~635 ~~MCDONALDS~~MICROSOFT CORP COMMON ~~580135101~~594918104 $~~156,590~~636.4674 623,~~833,649~~830 SH DEFINED 01 ~~6,059,758~~0 ~~2,923~~0 ~~770~~23,~~968~~830 ~~MERCURY~~MORGAN ~~GEN~~STANLY ~~CORP~~DN ~~NEW~~WTTR COMMON ~~589400100~~617446448 $544,~~243~~449.9998 ~~105~~882,~~619~~496 SH DEFINED 01 ~~100~~790,~~989~~220 90387 491,~~540~~889 ~~MICROSOFT~~MOTOROLA ~~CORP~~INC COMMON ~~594918104~~620076109 $~~690~~83,772.0161 245,~~160~~376,393 SH DEFINED 01 ~~330~~4,784,156 02,375 23589,~~830~~862 ~~NEWFIELD~~NAVISTAR ~~EXPL~~INTL CORP CO ~~COM~~ COMMON ~~651290108~~63934E108 $6,~~700~~965.3417 ~~120~~166,~~207~~309 SH DEFINED 01 ~~115~~159,~~112~~584 ~~100~~130 46,~~995~~595 ~~NORFOLK~~NEWFIELD ~~SOUTHN~~EXPL ~~CORP~~CO COM COMMON ~~655844108~~651290108 $67,~~215~~644.2912 ~~234~~127,~~362~~521 SH DEFINED 01 ~~224~~122,~~467~~306 ~~195~~100 95,~~700~~115 ~~OMNICOM~~POGO ~~GROUP~~PRODUCING CO COM COMMON ~~681919106~~730448107 $~~160~~3,~~669~~691.4225 276,~~415,966~~124 SH DEFINED 01 270,~~141,808~~819 ~~1,019~~100 ~~273~~5,~~139~~205 ~~PEOPLESOFT~~PRICELINE COM INC COM COMMON ~~712713106~~741503403 $46,~~472~~210.8494 ~~241~~268,~~768~~047 SH DEFINED 01 ~~231~~257,~~508~~107 ~~200~~210 10,~~060~~730 ~~PFIZER~~PROCTER ~~INC~~& GAMBLE COMP COMMON ~~717081103~~742718109 $~~163~~80,~~926~~918.4863 51,~~451~~617,~~189~~850 SH DEFINED 01 41,~~823~~445,~~738~~295 ~~2,331~~677 ~~625~~171,~~120~~878 ~~PRICELINE~~QUEST ~~COM~~DIAGNOSTICS INC ~~COM~~ COMMON ~~741503403~~74834L100 $2103,~~763~~057.0902 ~~102~~1,~~600~~183,087 SH DEFINED 01 981,~~090~~058,572 90555 4123,~~420~~960 ~~PROCTER~~RADIOSHACK &CORP ~~GAMBLE~~COM ~~COMP~~ COMMON ~~742718109~~750438103 $~~159~~6,~~303~~851.4859 3207,~~304,251~~749 SH DEFINED 01 2199,~~935,001~~269 ~~1,322~~160 ~~367~~8,~~928~~320 ~~QUEST~~REEBOK ~~DIAGNOSTICS~~INTERNATIONAL ~~INC~~ COMMON ~~74834L100~~758110100 $896,~~969~~945.3244 1157,~~195,484~~061 SH DEFINED 01 1150,~~065,026~~574 ~~540~~123 ~~129~~6,~~918~~364 ~~ST.~~SPDR ~~PAUL~~TR ~~TRAVELERS~~UNIT COSER 1 COMMON ~~792860108~~78462F103 $~~177~~4,~~785~~433.3803 436,~~980,309~~676 SH DEFINED 01 436,~~424,968~~676 ~~2,135~~0 ~~553,206~~0 SOUTHWEST AIRLS CO COMMON 844741108 $~~120~~82,~~422~~538.6432 85,~~143~~589,~~466~~897 SH DEFINED 01 74,~~213~~983,~~924~~773 32,~~413~~443 ~~926~~603,~~129~~681 STAPLES INC COMMON 855030102 $56,~~379~~454.3206 ~~182~~193,~~913~~791 SH DEFINED 01 ~~175~~185,~~177~~880 150 7,~~586~~761 ~~TARGET~~SUNGARD ~~CORP~~DATA ~~COM~~SYS INC COMMON ~~87612E106~~867363103 $~~123~~6,~~525~~579.1569 3237,~~468,413~~323 SH DEFINED 01 2227,~~982,823~~577 ~~1,700~~185 ~~483~~9,~~890~~561 ~~TENET~~TELLABS ~~HEALTH~~INC ~~CARE~~COM COMMON ~~88033G100~~879664100 $23,~~906~~336.6243 ~~216~~388,~~750~~580 SH DEFINED 01 ~~207~~361,~~120~~475 ~~190~~515 926,~~440~~590 TIME WARNER INC COMMON 887317105 $~~174~~98,~~395~~393.3255 115,~~290~~579,~~018~~129 SH DEFINED 01 104,~~023~~965,~~484~~550 42,~~8551~~495 611,~~261,679~~084 US BANCORP DEL NEW CO COMMON 902973304 $~~185~~107,~~195~~397.4832 73,~~639~~775,~~444~~424 SH DEFINED 01 63,~~767~~360,~~104~~538 31,~~207~~687 ~~869~~413,~~133~~199 UNITED TECHNOLOGIES C COMMON 913017109 $~~206,088~~272.3133 2,~~579,468~~635 SH DEFINED 01 ~~2,290,669~~0 ~~1,128~~0 ~~287~~2,~~671~~635 VIACOM INC CLASS B COMMON 925524308 $~~176~~91,~~285~~044.3400 52,~~643~~746,~~040~~189 SH DEFINED 01 52,~~012~~441,~~771~~721 21,~~395~~225 ~~627~~303,~~874~~243 WILLIAMS SONOMA INC C COMMON 969904101 $24,~~844~~017.2835 86115,~~295~~156 SH DEFINED 01 82109,~~435~~021 75 36,~~785~~060 ------------- ------------ ----------- ------ ---------- TOTALS: $53,~~613~~004,~~843~~364.6618 ~~208~~86,~~807~~448,~~624~~322 ~~185~~77,~~261~~240,~~685~~227 9139,~~161~~917 239,~~454~~168,~~778~~178 ============= ============ =========== ====== ==========

Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: 60 Form 13F Information Table Value Total: $3,004,364.18 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file nember(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 01 028-04975 Affiliated Managers Group, Inc.

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