13F-HR 1 d13fhr.txt 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 Check here if Amendment [_]; Amendment Number: ------------------ This Amendment (Check only one.): [_] is a restatement. [_] adds new holding entries. Institutional Investment Manager Filing this Report: Name: McCarthy Group Advisors, L.L.C. Address: 1125 South 103rd Street, Suite 580 Omaha, Nebraska 68124 Form 13F File Number: 28-10977 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: Art N. Burtscher Title: Senior Vice President Phone: (402) 393-1300 Signature, Place, and Date of Signing: /s/ Art N. Burtscher, Senior Vice President Omaha, Nebraska 5/4/2011 ------------------------------------------- ------------------- ------------ [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 is 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: [If there are no entries in this list, omit this section.] Form 13F File Number Name ---------------------- ---- 28- ------------------- ---------------------------------------------------- [Repeat as necessary.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 132 Form 13F Information Table Value Total: $112,622 (thousands) 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 filed, other that the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name --- -------------------- ---- 28- ---------- ----------------- ---------------------------------------- [Repeat as necessary.] Westwood Management Corp. FORM 13F 31-Mar-11

Voting Authority Title Value Shares/ Sh/ Put/ Invstmt Other ----------------------- Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None -------------- -------- ---------~~-----~~ -------- --------- ----~~----~~ ----~~---~~ --- ---- -------- -------- -~~------~~ ------ ---- AFLAC Inc COM 001055102 ~~431~~1797 ~~7639~~34038 SH Sole ~~7639~~34038 Abbott Laboratories COM 002824100 ~~1308~~1993 ~~27300~~40627 SH Sole ~~27300~~40627 Aeropostale COM 007865108 ~~323~~396 ~~13100~~16300 SH Sole ~~13100~~16300 Alliant Techsystems COM 018804104 ~~461~~806 ~~6200~~11401 SH Sole ~~6200~~11401 Amedisys Inc COM 023436108 ~~322~~336 9600 SH Sole 9600 ~~Analog~~Amtrust ~~Devices~~Financial Services Inc COM ~~032654105~~032359309 ~~471~~235 ~~12496~~12300 SH Sole ~~12496~~12300 ~~Apollo~~Atlantic ~~Group~~Tele ~~Inc~~Network ~~CL A~~ COM ~~037604105~~049079205 ~~948~~400 ~~24000~~10750 SH Sole ~~24000~~10750 ~~Applied~~Atwood ~~Materials~~Oceanics Inc COM ~~038222105~~050095108 ~~481~~432 ~~34243~~9300 SH Sole ~~34243~~9300 ~~Atlantic~~Automatic ~~Tele~~Data ~~Network~~Process COM ~~049079205~~053015103 ~~528~~518 ~~13750~~10100 SH Sole ~~13750~~10100 ~~Atwood~~Bank ~~Oceanics~~of ~~Inc~~America ~~COM~~Corp ~~050095108 542 14500 SH Sole 14500 Automatic Data Process~~ COM ~~053015103~~060505104 ~~1584~~390 ~~34234~~29268 SH Sole ~~34234~~29268 Bank of New York Mellon Corp COM 064058100 ~~695~~687 23000 SH Sole 23000 Baxter Intl Inc COM 071813109 ~~228~~275 ~~4513~~5113 SH Sole ~~4513~~5113 ~~Berkshire~~Becton ~~Hathaway~~Dickinson ~~Inc~~& ClCo B COM ~~084670702~~075887109 ~~1670~~486 ~~20850~~6103 SH Sole ~~20850~~6103 ~~Best~~Berkshire ~~Buy~~Hathaway Co Inc Cl B COM ~~086516101~~084670702 ~~338~~882 ~~9859~~10550 SH Sole ~~9859~~10550 Boeing Co COM 097023105 ~~535~~1280 ~~8200~~17319 SH Sole ~~8200~~17319 Bristol Myers Squibb Co COM 110122108 ~~824~~823 31120 SH Sole 31120 CVS/Caremark Corp COM 126650100 ~~1409~~1778 ~~40524~~51800 SH Sole ~~40524~~51800 Caci International Inc - Cl A COM 127190304 227 3700 SH Sole 3700 ChevronTexaco Corp COM 166764100 ~~443~~522 4858 SH Sole 4858 Chubb Corp COM 171232101 ~~420~~228 ~~7040~~3712 SH Sole ~~7040~~3712 Colgate Palmolive Co COM 194162103 ~~426~~1305 ~~5298~~16163 SH Sole ~~5298~~16163 Comtech Telecommunications COM 205826209 ~~357~~350 12860 SH Sole 12860 Core Mark Hldg Co Inc COM 218681104 ~~575~~534 16157 SH Sole 16157 Corning Inc COM 219350105 373 18080 SH Sole 18080 Cubist Pharmaceuticals COM 229678107 ~~400~~471 18672 SH Sole 18672 ~~GAP~~Dow ~~Inc~~Chemical COM ~~364760108~~260543103 ~~236~~417 ~~10647~~11044 SH Sole ~~10647~~11044 ~~General~~Eaton ~~Dynamics~~Vance Corp Com Non Vtg COM ~~369550108~~278265103 ~~483~~235 ~~6807~~7291 SH Sole ~~6807~~7291 ~~Genl~~Firstmerit ~~Electric~~Corp Co COM ~~369604103~~337915102 ~~1235~~212 ~~67525~~12400 SH Sole ~~67525~~12400 ~~Greif~~Franklin Resources Inc ClCOM A354613101 1287 10289 SH Sole 10289 General Dynamics COM ~~397624107~~369550108 ~~681~~1225 ~~11000~~16005 SH Sole ~~11000~~16005 ~~Gulfmark~~Greif ~~Offshore~~ Inc -Cl CL A COM ~~402629208~~397624107 ~~432~~1073 ~~14200~~16397 SH Sole ~~14200~~16397 ~~Hanover~~Gulfmark ~~Insurance~~Offshore ~~Group,~~ Inc - CL A COM ~~410867105~~402629208 ~~201~~409 ~~4306~~9200 SH Sole ~~4306~~9200 Harris Corp Del COM 413875105 ~~319~~1541 ~~7048~~31068 SH Sole ~~7048~~31068 Hartford Finl Conv PFD PFD 416515708 ~~866~~880 33800 SH Sole 33800 Hasbro Inc COM 418056107 899 19197 SH Sole 19197 Henry Jack & Assoc Inc COM 426281101 ~~215~~250 7385 SH Sole 7385 Hewlett Packard Co COM 428236103 ~~1426~~1626 ~~33860~~39699 SH Sole ~~33860~~39699 ITT Industries Inc COM 450911102 247 4112 SH Sole 4112 Intel Corp COM 458140100 ~~1582~~1756 ~~75228~~86999 SH Sole ~~75228~~86999 International Business Machine COM 459200101 ~~920~~718 ~~6267~~4400 SH Sole ~~6267~~4400 International Speedway CL A COM 460335201 ~~500~~569 19100 SH Sole 19100 iShares Tr S&P Midcp Grow - ET COM 464287606 ~~1030~~510 ~~10225~~4625 SH Sole ~~10225~~4625 iShares Russell 2000 Value - E COM 464287630 ~~1687~~1183 ~~23735~~15695 SH Sole ~~23735~~15695 iShares Tr S&P Midcap 400 Valu COM 464287705 ~~371~~403 4675 SH Sole 4675 Johnson & Johnson COM 478160104 ~~2141~~1812 ~~34621~~30587 SH Sole ~~34621~~30587 ~~Kohls~~Kirkland's ~~Corp~~Inc COM ~~500255104~~497498105 ~~1467~~435 ~~27000~~28150 SH Sole ~~27000~~28150 ~~L-3~~Kohls ~~Communications~~Corp ~~Hldgs~~ COM ~~502424104~~500255104 ~~225~~1766 ~~3194~~33290 SH Sole ~~3194~~33290 ~~Eli~~Landstar ~~Lilly~~Systems &Inc Co COM ~~532457108~~515098101 ~~571~~324 ~~16293~~7100 SH Sole ~~16293~~7100 ~~Lincoln~~Lear ~~Edl Svcs~~ Corp COM ~~533535100~~521865204 ~~327~~386 ~~21110~~7904 SH Sole ~~21110~~7904 ~~Mantech~~Eli ~~Intl~~Lilly ~~Corp~~& ClCo A COM ~~564563104~~532457108 ~~442~~218 ~~10700~~6200 SH Sole ~~10700~~6200 ~~Microsoft~~Lincoln Edl Svcs Corp COM ~~594918104~~533535100 ~~2170~~335 ~~77739~~21110 SH Sole ~~77739~~21110 ~~Owens~~Lincoln &National ~~Minor~~Corp ~~Inc~~ COM ~~690732102~~534187109 ~~405~~1426 ~~13750~~47470 SH Sole ~~13750~~47470 ~~Pepsico~~Mantech ~~Inc~~Intl ~~COM~~Corp ~~713448108~~Cl ~~1625~~A ~~24871 SH Sole 24871 Pfizer Inc~~ COM ~~717081103~~564563104 ~~2197~~772 ~~125483~~18216 SH Sole ~~125483~~18216 ~~Procter~~Mc Cormick & ~~Gamble~~ Co ~~COM~~Nv ~~742718109 1544 24000 SH Sole 24000 Raytheon Co~~ COM ~~755111507~~579780206 ~~734~~1119 ~~15847~~23400 SH Sole ~~15847~~23400 ~~Shuffle~~Medtronic ~~Master~~ Inc COM ~~825549108~~585055106 ~~412~~234 ~~36000~~5943 SH Sole ~~36000~~5943 ~~Stryker~~Microsoft Corp COM ~~863667101~~594918104 ~~233~~2016 ~~4334~~79421 SH Sole ~~4334~~79421 ~~Sysco~~Motorola ~~Corp~~Mobility Hldg COM ~~871829107~~620097105 ~~206~~500 ~~7010~~20483 SH Sole ~~7010~~20483 ~~Texas~~Northwestern ~~Instruments~~Corp COM ~~882508104~~668074305 ~~1102~~418 ~~33918~~13800 SH Sole ~~33918~~13800 ~~Tidewater~~Owens ~~Inc~~& ~~COM~~Minor ~~886423102~~Inc ~~205 3800 SH Sole 3800 Transatlantic Holdings~~ COM ~~893521104~~690732102 ~~1351~~447 ~~26163~~13750 SH Sole ~~26163~~13750 ~~United~~Pepsico ~~Technologies~~Inc CP COM ~~913017109~~713448108 ~~1291~~1988 ~~16400~~30859 SH Sole ~~16400~~30859 ~~VCA~~Pfizer ~~Antech~~ Inc COM ~~918194101~~717081103 ~~375~~2263 ~~16117~~111440 SH Sole ~~16117~~111440 ~~Wal~~Procter ~~Mart~~& ~~Stores~~Gamble ~~Inc~~Co COM ~~931142103~~742718109 ~~1525~~1971 ~~28282~~32000 SH Sole ~~28282~~32000 ~~Warnaco~~Raytheon ~~Group~~Co ~~Inc~~ COM ~~934390402~~755111507 ~~204~~806 ~~3700~~15847 SH Sole ~~3700~~15847 ~~Websense~~Shuffle Master Inc COM ~~947684106~~825549108 ~~410~~384 ~~20250~~36000 SH Sole ~~20250~~36000 ~~Western~~Smith ~~Union~~A CoO Corp COM ~~959802109~~831865209 ~~1150~~461 ~~61947~~10400 SH Sole ~~61947~~10400 ~~Wiley~~Spartan ~~John~~Stores ~~& Sons~~ Inc ~~Cl A~~ COM ~~968223206~~846822104 ~~485~~312 ~~10730~~21100 SH Sole ~~10730~~21100

Steris Corp COM 859152100 313 9054 SH Sole 9054 Strayer Education Inc COM 863236105 265 2030 SH Sole 2030 Stryker Corp COM 863667101 270 4434 SH Sole 4434 Texas Instruments COM 882508104 947 27414 SH Sole 27414 Tidewater Inc COM 886423102 227 3800 SH Sole 3800 Transatlantic Holdings COM 893521104 1244 25566 SH Sole 25566 URS Corp COM 903236107 408 8865 SH Sole 8865 Unilever N.V. COM 904784709 502 16000 SH Sole 16000 Union Pacific COM 907818108 560 5700 SH Sole 5700 United Technologies CP COM 913017109 1501 17736 SH Sole 17736 VCA Antech Inc COM 918194101 406 16117 SH Sole 16117 Veeco Instrs Inc Del COM 922417100 435 8550 SH Sole 8550 Wal Mart Stores Inc COM 931142103 1756 33731 SH Sole 33731 Warnaco Group Inc COM 934390402 212 3700 SH Sole 3700 Websense Inc COM 947684106 465 20250 SH Sole 20250 Western Union Co COM 959802109 1318 63441 SH Sole 63441 Wiley John & Sons Inc Cl A COM 968223206 546 10730 SH Sole 10730 Xerox Corp COM 984121103 2042 191750 SH Sole 191750 Dun & Bradstreet Corp COM 26483E100 923 11500 SH Sole 11500 J2 Global Communications COM 46626e205 605 20500 SH Sole 20500 Actuant Corp Cl A New COM 00508x203 380 13100 SH Sole 13100 Arris Group Inc COM 04269q100 466 36581 SH Sole 36581 Bally Technologies Inc COM 05874b107 380 10050 SH Sole 10050 CA, Inc COM 12673p105 412 17040 SH Sole 17040 Cisco Sys Inc COM 17275R102 384 22377 SH Sole 22377 Guggenheim Timber - ETF COM 18383Q879 1602 68950 SH Sole 68950 Comcast Corporation Class A COM 20030n101 400 16176 SH Sole 16176 Compass Minerals Int'l COM 20451n101 717 7665 SH Sole 7665 ConocoPhillips COM 20825c104 1638 20517 SH Sole 20517 Costco Whsl Corp COM 22160K105 513 7000 SH Sole 7000 EQT Corp COM 26884L109 413 8271 SH Sole 8271 Ensco International PLC - ADR ADR 29358q109 1330 23000 SH Sole 23000 Exxon Mobil Corp COM 30231G102 1821 21648 SH Sole 21648 Interdigital Inc COM 45867g101 214 4483 SH Sole 4483 LHC Group Inc COM 50187a107 582 19400 SH Sole 19400 Liquidity Services Inc COM 53635b107 308 17250 SH Sole 17250 MKS Instruments Inc COM 55306n104 593 17800 SH Sole 17800 Market Vectors Gold Miner - ET COM 57060U100 1839 30600 SH Sole 30600 Mednax Inc COM 58502b106 443 6650 SH Sole 6650 Merck & Co COM 58933y105 1211 36676 SH Sole 36676 Metlife Inc COM 59156r108 410 9169 SH Sole 9169 NII Holdings Inc COM 62913f201 435 10447 SH Sole 10447 Neuberger Berman Intrmd Muni B COM 64124p101 342 24531 SH Sole 24531 Nu Skin Enterprises, Inc COM 67018t105 211 7345 SH Sole 7345 Rent A Ctr Inc New COM 76009n100 229 6550 SH Sole 6550 Standard & Poor's 500 Deposito COM 78462f103 6827 51490 SH Sole 51490 SPDR Gold Trust - ETF COM 78463V107 669 4780 SH Sole 4780 SPDR Series Trust Short Intl E COM 78464A334 1153 29931 SH Sole 29931 SPDR Series Trust Barclays Int COM 78464A516 1167 19500 SH Sole 19500 SPDR S&P MidCap 400 ETF Trust COM 78467Y107 1128 6283 SH Sole 6283 SYNNEX Corp COM 87162w100 910 27800 SH Sole 27800 U.S. Physical Therapy COM 90337L108 436 19529 SH Sole 19529 United Health Group Inc COM 91324P102 1371 30328 SH Sole 30328 Verizon Communications COM 92343v104 1118 29000 SH Sole 29000 Vodafone Group PLC New Sponsor ADR 92857w209 2340 81384 SH Sole 81384 Wellcare Health Plans COM 94946t106 1678 40000 SH Sole 40000 WellPoint Inc COM 94973v107 1047 15000 SH Sole 15000 Aspen Ins Hldgs Ltd Shs COM g05384105 622 22564 SH Sole 22564 Endurance Specialty Holdings L COM g30397106 1423 29150 SH Sole 29150 Montpelier Re Holdings Ltd COM G62185106 288 16300 SH Sole 16300 RenaissanceRe Holdings Ltd COM G7496G103 552 8000 SH Sole 8000 Ace LTD COM h0023r105 1141 17632 SH Sole 17632 Allied Wrld Assur COM h01531104 1348 21500 SH Sole 21500 Noble Corporation COM h5833n103 1096 24033 SH Sole 24033 Flagstone Reinsurance Holdings COM L3466T104 421 46678 SH Sole 46678 Orthofix Intl N V COM n6748l102 312 9600 SH Sole 9600 REPORT SUMMARY 132 DATA RECORDS 112622 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

Voting Authority Title Value Shares/ Sh/ Put/ Invstmt Other ------------------- Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------------ -------- --------- -------- ------- --- ---- ------- -------- ------- ------ ---- World Acceptance Corp COM 981419104 496 9400 SH Sole 9400 Xerox Corp COM 984121103 712 61800 SH Sole 61800 Dun & Bradstreet Corp COM 26483E100 1045 12730 SH Sole 12730 J2 Global Communications COM 46626e205 593 20500 SH Sole 20500 Arris Group Inc COM 04269q100 410 36581 SH Sole 36581 Atheros Communications COM 04743p108 505 14050 SH Sole 14050 Bally Technologies Inc COM 05874b107 424 10050 SH Sole 10050 Centene Corp COM 15135b101 277 10944 SH Sole 10944 Guggenheim Timber - ETF COM 18383Q879 1422 68950 SH Sole 68950 Compass Minerals Int'l COM 20451n101 1095 12265 SH Sole 12265 ConocoPhillips COM 20825c104 2637 38717 SH Sole 38717 Costco Whsl Corp COM 22160K105 1235 17100 SH Sole 17100 Ensco International PLC - ADR ADR 29358q109 2872 53800 SH Sole 53800 Exelon Corp COM 30161n101 388 9314 SH Sole 9314 Exxon Mobil Corp COM 30231G102 1493 20420 SH Sole 20420 Interdigital Inc COM 45867g101 684 16433 SH Sole 16433 LHC Group Inc COM 50187a107 582 19400 SH Sole 19400 Laboratory Corp Of America Hol COM 50540r409 322 3657 SH Sole 3657 Liquidity Services Inc COM 53635b107 242 17250 SH Sole 17250 MKS Instruments Inc COM 55306n104 216 8800 SH Sole 8800 Market Vectors Gold Miner - ET COM 57060U100 2016 32800 SH Sole 32800 Mednax Inc COM 58502b106 447 6650 SH Sole 6650 Merck & Co COM 58933y105 1453 40305 SH Sole 40305 Neuberger Berman Intrmd Muni B COM 64124p101 339 24165 SH Sole 24165 PPL Corp COM 69351t106 384 14584 SH Sole 14584 Rent A Ctr Inc New COM 76009n100 437 13550 SH Sole 13550 Standard & Poor's 500 Deposito COM 78462f103 6475 51490 SH Sole 51490 SPDR Gold Trust - ETF COM 78463V107 663 4780 SH Sole 4780 SPDR Series Trust Short Intl E COM 78464A334 360 9730 SH Sole 9730 SPDR Series Trust Barclays Int COM 78464A516 386 6600 SH Sole 6600 SPDR S&P MidCap 400 ETF Trust COM 78467Y107 1035 6283 SH Sole 6283 Telus Corp Non-Vtg Shs COM 87971m202 318 7300 SH Sole 7300 U.S. Physical Therapy COM 90337L108 387 19529 SH Sole 19529 United Health Group Inc COM 91324P102 949 26270 SH Sole 26270 Verizon Communications COM 92343v104 1113 31100 SH Sole 31100 Vodafone Group PLC New Sponsor ADR 92857w209 1983 75000 SH Sole 75000 Wellcare Health Plans COM 94946t106 1849 61200 SH Sole 61200 WellPoint Inc COM 94973v107 961 16900 SH Sole 16900 Aspen Ins Hldgs Ltd Shs COM g05384105 429 15000 SH Sole 15000 Endurance Specialty Holdings L COM g30397106 1426 30950 SH Sole 30950 Everest Re Group LTD COM g3223r108 763 9000 SH Sole 9000 Montpelier Re Holdings Ltd COM G62185106 325 16300 SH Sole 16300 RenaissanceRe Holdings Ltd COM G7496G103 1427 22400 SH Sole 22400 Validus Holdings LTD COM g9319h102 508 16581 SH Sole 16581 Ace LTD COM h0023r105 1585 25463 SH Sole 25463 Allied Wrld Assur COM h01531104 1617 27200 SH Sole 27200 Noble Corporation COM h5833n103 1198 33500 SH Sole 33500 Flagstone Reinsurance Holdings COM L3466T104 588 46678 SH Sole 46678 REPORT SUMMARY 113 DATA RECORDS 99771 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

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