Emerald Advisers 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M COMPANY COM	COM	88579Y101	347	3,172	SH		SOLE		3,172	0	0
3-D SYS CORP DEL COM NEW	COM	88554D205	6,508	148,244	SH		SOLE		118,812	0	29,432
8X8 INC NEW COM	COM	282914100	9,733	1,181,138	SH		SOLE		952,001	0	229,137
A T & T INC (NEW)	COM	00206R102	574	16,222	SH		SOLE		16,222	0	0
ABAXIS INC COM	COM	002567105	11,518	242,425	SH		SOLE		194,369	0	48,056
ABBOTT LABS	COM	002824100	277	7,945	SH		SOLE		7,945	0	0
ACADIA HEALTHCARE COMPANY INCO	COM	00404A109	21,383	646,602	SH		SOLE		514,517	0	132,085
ACHILLION PHARMACEUTICALS INCO	COM	00448Q201	6,339	774,988	SH		SOLE		635,973	0	139,015
ACUITY BRANDS INC COM	COM	00508Y102	10,240	135,597	SH		SOLE		108,967	0	26,630
AEGERION PHARMACEUTICALS INCCO	COM	00767E102	10,982	173,386	SH		SOLE		139,136	0	34,250
AFFILIATED MANAGERS GROUP INCO	COM	008252108	2,884	17,589	SH		SOLE		16,260	0	1,329
AFLAC INC COM	COM	001055102	259	4,464	SH		SOLE		4,464	0	0
AIRGAS INC COM	COM	009363102	2,475	25,930	SH		SOLE		2,360	0	23,570
AKORN INC COM	COM	009728106	16,719	1,236,623	SH		SOLE		931,084	0	305,539
ALIGN TECHNOLOGY INC	COM	016255101	264	7,140	SH		SOLE		7,140	0	0
ALLIANCE DATA SYS CORP COM	COM	018581108	1,676	9,259	SH		SOLE		8,555	0	704
ALNYLAM PHARMACEUTICALS INC CO	COM	02043Q107	12,085	389,841	SH		SOLE		317,803	0	72,038
ALTRIA GROUP INC COM	COM	02209S103	360	10,297	SH		SOLE		10,297	0	0
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	6,777	371,158	SH		SOLE		33,530	0	337,628
AMERICAN EXPRESS CO	COM	025816109	362	4,844	SH		SOLE		4,844	0	0
AMERICAN INTERNATIONAL GROUP I	COM	026874784	419	9,377	SH		SOLE		9,377	0	0
AMERISOURCEBERGEN CORP COM	COM	03073E105	8,646	154,864	SH		SOLE		47,707	0	107,157
AMETEK INC NEW COM	COM	031100100	9,736	230,170	SH		SOLE		20,795	0	209,375
AMGEN INC COM	COM	031162100	271	2,748	SH		SOLE		2,748	0	0
AMTRUST FINANCIAL SERVICES ICO	COM	032359309	10,925	306,036	SH		SOLE		243,681	0	62,355
ANSYS INC COM	COM	03662Q105	12,688	173,566	SH		SOLE		15,629	0	157,937
APACHE CORP COM	COM	037411105	261	3,119	SH		SOLE		3,119	0	0
APOGEE ENTERPRISES INC COM	COM	037598109	8,217	342,366	SH		SOLE		275,360	0	67,006
APPLE COMPUTER INC	COM	037833100	3,036	7,656	SH		SOLE		7,656	0	0
APPROACH RESOURCES INC COM	COM	03834A103	3,735	152,035	SH		SOLE		122,695	0	29,340
AQUA AMERICA INC	COM	03836W103	5,853	187,042	SH		SOLE		17,441	0	169,601
ARMSTRONG WORLD INDS INC NEWCO	COM	04247X102	8,553	178,965	SH		SOLE		16,245	0	162,720
ARUBA NETWORKS INC COM	COM	043176106	369	24,040	SH		SOLE		24,040	0	0
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	1,973	220,450	SH		SOLE		19,100	0	201,350
AXIS CAPITAL HOLDINGS SHS	COM	G0692U109	1,643	35,891	SH		SOLE		33,156	0	2,735
BANK OF AMER CORP COM	COM	060505104	227	17,649	SH		SOLE		17,649	0	0
BANK OF THE OZARKS INC COM	COM	063904106	20,049	462,700	SH		SOLE		375,722	0	86,978
BE AEROSPACE INC COM	COM	073302101	2,240	35,503	SH		SOLE		32,807	0	2,696
BEACON ROOFING SUPPLY INC COM	COM	073685109	749	19,767	SH		SOLE		18,263	0	1,504
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	1,336	11,933	SH		SOLE		11,933	0	0
BIOSCRIPT INC COM	COM	09069N108	16,442	996,455	SH		SOLE		804,091	0	192,364
BJ'S RESTAURANT INC	COM	09180C106	10,352	279,019	SH		SOLE		223,903	0	55,116
BLACK DIAMOND INC	COM	09202G101	6,418	683,543	SH		SOLE		549,961	0	133,582
BLACKHAWK NETWORK HOLDINGS	COM	09238E104	2,139	92,216	SH		SOLE		74,316	0	17,900
BOEING CO COM	COM	097023105	338	3,297	SH		SOLE		3,297	0	0
BOISE CASCADE CO DEL COM	COM	09739D100	5,953	234,260	SH		SOLE		195,404	0	38,856
BON-TON STORES INC COM	COM	09776J101	1,416	78,430	SH		SOLE		7,143	0	71,287
BOULDER BRANDS INC COM	COM	101405108	213	17,644	SH		SOLE		17,644	0	0
BRANDYWINE RLTY TR SH BEN INT	COM	105368203	5,708	422,190	SH		SOLE		36,640	0	385,550
BRIGHTCOVE	COM	10921T101	5,756	657,133	SH		SOLE		541,272	0	115,861
BRUNSWICK CORP COM	COM	117043109	2,176	68,121	SH		SOLE		63,494	0	4,627
BRYN MAWR BK CORP COM	COM	117665109	5,441	227,385	SH		SOLE		19,826	0	207,559
BURNHAM HLDGS INC CL A	COM	122295108	1,232	66,620	SH		SOLE		5,490	0	61,130
CABOT OIL & GAS CORP	COM	127097103	1,397	19,673	SH		SOLE		18,191	0	1,482
CAMBREX CORP COM	COM	132011107	6,134	439,106	SH		SOLE		355,000	0	84,106
CAMERON INTERNATIONAL CORP COM	COM	13342B105	2,791	45,642	SH		SOLE		42,556	0	3,086
CAMPUS CREST CMNTYS INC COM	COM	13466Y105	3,481	301,687	SH		SOLE		26,953	0	274,734
CAPITAL ONE FINL CORP COM	COM	14040H105	274	4,369	SH		SOLE		4,369	0	0
CARDINAL FINL CORP COM	COM	14149F109	2,890	197,385	SH		SOLE		154,534	0	42,851
CARMIKE CINEMAS INC COM	COM	143436400	5,231	270,190	SH		SOLE		216,242	0	53,948
CARPENTER TECHNOLOGY CORP COM	COM	144285103	1,568	34,800	SH		SOLE		2,870	0	31,930
CATERPILLAR INC COM	COM	149123101	382	4,627	SH		SOLE		4,627	0	0
CAVIUM INC COM	COM	14964U108	12,874	363,976	SH		SOLE		229,852	0	134,124
CCFNB BANCORP INC COM	COM	124880105	510	13,701	SH		SOLE		1,237	0	12,464
CELLDEX THERAPEUTICS INC	COM	15117B103	6,535	418,665	SH		SOLE		335,436	0	83,229
CEPHEID COM	COM	15670R107	12,354	358,907	SH		SOLE		274,305	0	84,602
CHART INDS INC COM PAR $0.01	COM	16115Q308	6,395	67,971	SH		SOLE		55,187	0	12,784
CHENIERE ENERGY INC COM NEW	COM	16411R208	1,411	50,836	SH		SOLE		47,277	0	3,559
CHEVRONTEXACO CORPORATION	COM	166764100	2,378	20,091	SH		SOLE		20,091	0	0
CHICAGO BRIDGE & IRON CO N Y R	COM	167250109	3,020	50,616	SH		SOLE		47,179	0	3,437
CHICOS FAS INC COM	COM	168615102	1,429	83,756	SH		SOLE		77,690	0	6,066
CHRISTOPHER & BANKS CORP COM	COM	171046105	5,771	856,180	SH		SOLE		688,823	0	167,357
CHUY'S HOLDINGS INC	COM	171604101	7,420	193,544	SH		SOLE		155,134	0	38,410
CISCO SYS INC COM	COM	17275R102	598	24,579	SH		SOLE		24,579	0	0
CITIGROUP INC	COM	172967424	482	10,048	SH		SOLE		10,048	0	0
CITIZENS FINL SVCS INC COM	COM	174615104	1,983	40,471	SH		SOLE		3,406	0	37,065
CITIZENS & NORTHERN CORP COM	COM	172922106	1,886	97,595	SH		SOLE		8,790	0	88,805
CITRIX SYS INC COM	COM	177376100	612	10,132	SH		SOLE		9,360	0	772
CNB FINL CORP PA COM	COM	126128107	5,332	314,741	SH		SOLE		28,556	0	286,185
COBALT INTL ENERGY INC COM	COM	19075F106	1,170	44,030	SH		SOLE		40,923	0	3,107
COBIZ INC COM	COM	190897108	5,753	693,144	SH		SOLE		566,774	0	126,370
COCA COLA CO	COM	191216100	878	21,880	SH		SOLE		21,880	0	0
COLGATE PALMOLIVE CO	COM	194162103	204	3,554	SH		SOLE		3,554	0	0
COMCAST CORP NEW COM CL A	COM	20030N101	689	16,508	SH		SOLE		16,508	0	0
CONOCOPHILLIPS COM	COM	20825C104	803	13,266	SH		SOLE		13,266	0	0
CROCS INC COM	COM	227046109	194	11,766	SH		SOLE		11,766	0	0
CROWN HOLDINGS INC COM	COM	228368106	3,997	97,175	SH		SOLE		8,820	0	88,355
CUBESMART COM	COM	229663109	8,991	562,630	SH		SOLE		50,960	0	511,670
CUSTOMERS BANCORP INC COM	COM	23204G100	7,217	444,120	SH		SOLE		40,475	0	403,645
CVS CORP COM	COM	126650100	369	6,452	SH		SOLE		6,452	0	0
CYAN INC	COM	23247W104	2,191	209,683	SH		SOLE		168,453	0	41,230
DEERE & CO COM	COM	244199105	258	3,171	SH		SOLE		3,171	0	0
DELEK US HLDGS INC COM	COM	246647101	5,404	187,778	SH		SOLE		146,636	0	41,142
DENTSPLY INTL INC NEW COM	COM	249030107	959	23,411	SH		SOLE		1,920	0	21,491
DIAMONDBACK ENERGY INC	COM	25278X109	13,579	407,520	SH		SOLE		328,274	0	79,246
DICKS SPORTING GOODS INC OC-CO	COM	253393102	9,130	182,373	SH		SOLE		50,096	0	132,277
DIRECTV	COM	25490A309	243	3,941	SH		SOLE		3,941	0	0
DISCOVER FINL SVCS COM	COM	254709108	493	10,340	SH		SOLE		10,340	0	0
DISNEY WALT PRODTNS	COM	254687106	523	8,281	SH		SOLE		8,281	0	0
DIVERSIFIED RSTRNT HLDGS INCCO	COM	25532M105	2,966	372,647	SH		SOLE		301,319	0	71,328
DOLLAR TREE INC	COM	256746108	1,578	31,029	SH		SOLE		28,920	0	2,109
DONEGAL GROUP INC J CL A	COM	257701201	1,260	90,194	SH		SOLE		8,126	0	82,068
DORMAN PRODUCTS INC COM	COM	258278100	4,180	91,612	SH		SOLE		8,338	0	83,274
EAGLE MATLS INC COM	COM	26969P108	2,253	33,991	SH		SOLE		21,512	0	12,479
ENERSYS COM	COM	29275Y102	2,322	47,345	SH		SOLE		4,295	0	43,050
ENTERCOM COMMUNICATIONS CORP	COM	293639100	5,241	555,222	SH		SOLE		50,573	0	504,649
ENVIRONMENTAL TECTONICS CORPCO	COM	294092101	413	211,585	SH		SOLE		0	0	211,585
EPAM SYSTEMS INC	COM	29414B104	25,071	922,390	SH		SOLE		415,954	0	506,436
EPIZYME INC	COM	29428V104	2,829	100,569	SH		SOLE		81,765	0	18,804
EQT CORP COM	COM	26884L109	4,565	57,515	SH		SOLE		5,470	0	52,045
EQUINIX INC COM NEW	COM	29444U502	600	3,250	SH		SOLE		3,002	0	248
ERIE INDTY CO CL A	COM	29530P102	2,876	36,084	SH		SOLE		3,265	0	32,819
EVERBANK FINL CORP COM	COM	29977G102	5,117	309,002	SH		SOLE		246,425	0	62,577
EVERCORE PARTNERS INC-CL A	COM	29977A105	9,715	247,332	SH		SOLE		199,063	0	48,269
EXACT SCIENCES CORP COM	COM	30063P105	6,703	481,890	SH		SOLE		386,642	0	95,248
EXONE CO	COM	302104104	463	7,500	SH		SOLE		665	0	6,835
EXXON CORPORATION	COM	30231G102	4,269	47,247	SH		SOLE		47,247	0	0
F N B CORP PA COM	COM	302520101	1,730	143,185	SH		SOLE		12,885	0	130,300
FARO TECHNOLOGIES INC COM	COM	311642102	8,037	237,631	SH		SOLE		169,052	0	68,579
FEMALE HEALTH CO COM	COM	314462102	6,310	639,979	SH		SOLE		528,258	0	111,721
FIFTH & PACIFIC COMPANIES INC	COM	316645100	16,333	731,121	SH		SOLE		603,431	0	127,690
FINANCIAL ENGINES INC COM	COM	317485100	3,836	84,133	SH		SOLE		66,974	0	17,159
FINISAR CORP COM	COM	31787A507	1,224	72,218	SH		SOLE		68,263	0	3,955
FIRST BUS FINL SVCS INC WIS CO	COM	319390100	1,356	45,235	SH		SOLE		3,733	0	41,502
FIVE BELOW	COM	33829M101	15,319	415,824	SH		SOLE		222,902	0	192,922
FLAGSTAR BANCORP INC	COM	337930705	171	12,230	SH		SOLE		12,230	0	0
FORD MTR CO DEL COM PAR $0.01	COM	345370860	426	27,549	SH		SOLE		27,549	0	0
FORTINET INC	COM	34959E109	733	41,895	SH		SOLE		38,658	0	3,237
FOSTER L B CO COM	COM	350060109	2,658	61,580	SH		SOLE		5,660	0	55,920
FOX CHASE BANCORP INC NEW COM	COM	35137T108	3,614	212,563	SH		SOLE		21,820	0	190,743
FRANCESCAS HLDGS CORP COM	COM	351793104	13,412	482,621	SH		SOLE		388,869	0	93,752
FREEPORT MCMORAN COPPER&GOLDCL	COM	35671D857	259	9,382	SH		SOLE		9,382	0	0
FULTON FINL CORP PA COM	COM	360271100	845	73,575	SH		SOLE		6,698	0	66,877
G A P INC	COM	364760108	2,473	59,269	SH		SOLE		55,241	0	4,028
GENERAL ELEC CO	COM	369604103	969	41,787	SH		SOLE		41,787	0	0
GENWORTH FINL INC COM CL A	COM	37247D106	1,605	140,666	SH		SOLE		131,104	0	9,562
GIGAMON INC	COM	37518B102	2,678	97,180	SH		SOLE		77,834	0	19,346
GILEAD SCIENCES INC COM	COM	375558103	203	3,964	SH		SOLE		3,964	0	0
GLIMCHER RLTY TR SH BEN INT	COM	379302102	6,795	622,225	SH		SOLE		524,175	0	98,050
GLOBAL GEOPHYSICAL SVCS INC CO	COM	37946S107	1,636	346,538	SH		SOLE		277,938	0	68,600
GNC HOLDINGS INC	COM	36191G107	14,900	337,029	SH		SOLE		149,423	0	187,606
GOLDMAN SACHS GROUP INC COM	COM	38141G104	899	5,941	SH		SOLE		5,941	0	0
GOOGLE INC CL A	COM	38259P508	1,002	1,138	SH		SOLE		1,138	0	0
GREATBATCH INC COM	COM	39153L106	8,271	252,253	SH		SOLE		199,678	0	52,575
GREEN MTN COFFEE ROASTERS INCO	COM	393122106	2,335	31,040	SH		SOLE		28,929	0	2,111
GSV CAP CORP COM	COM	36191J101	4,733	602,100	SH		SOLE		479,060	0	123,040
GUIDEWIRE SOFTWARE INC	COM	40171V100	9,139	217,341	SH		SOLE		175,851	0	41,490
GULFPORT ENERGY CORP COM NEW	COM	402635304	21,035	446,699	SH		SOLE		315,309	0	131,390
HEALTH INSURANCE INOVATIONS	COM	42225K106	2,954	280,753	SH		SOLE		218,199	0	62,554
HEALTHCARE SVCS GROUP INC COM	COM	421906108	2,630	107,245	SH		SOLE		9,685	0	97,560
HERBALIFE LTD COM USD SHS	COM	G4412G101	1,835	40,641	SH		SOLE		37,877	0	2,764
HERSHA HOSPITALITY TR PRIORITY	COM	427825104	6,030	1,069,229	SH		SOLE		105,326	0	963,903
HESS CORP	COM	42809H107	243	3,652	SH		SOLE		3,652	0	0
HIBBETT SPORTS INC COM	COM	428567101	5,581	100,423	SH		SOLE		81,125	0	19,298
HOME DEPOT INC COM	COM	437076102	406	5,235	SH		SOLE		5,235	0	0
HOMEAWAY INC COM	COM	43739Q100	12,453	385,066	SH		SOLE		307,315	0	77,751
HONEYWELL INTL INC COM	COM	438516106	226	2,850	SH		SOLE		2,850	0	0
HOVNANIAN ENTERPRISES INC CL A	COM	442487203	5,597	997,622	SH		SOLE		799,306	0	198,316
H&E EQUIPMENT SERVICES INC	COM	404030108	5,522	262,080	SH		SOLE		214,851	0	47,229
I B M	COM	459200101	1,116	5,840	SH		SOLE		5,840	0	0
ICG GROUP INC COM	COM	44928D108	4,079	357,815	SH		SOLE		32,952	0	324,863
II-VI INC COM	COM	902104108	1,614	99,269	SH		SOLE		8,638	0	90,631
INCYTE PHARMACEUTICALS INC COM	COM	45337C102	5,857	266,229	SH		SOLE		214,879	0	51,350
INFINITY PHARMACEUTICALS INC	COM	45665G303	4,789	295,741	SH		SOLE		236,231	0	59,510
INFOBLOX INC	COM	45672H104	16,225	554,507	SH		SOLE		448,402	0	106,105
INFORMATICA CORP COM	COM	45666Q102	2,171	62,051	SH		SOLE		57,836	0	4,215
INPHI CORP COM	COM	45772F107	4,237	385,218	SH		SOLE		308,158	0	77,060
INSYS THERAPEUTICS INC COM NEW	COM	45824V209	5,712	412,696	SH		SOLE		332,713	0	79,983
INTEL CORP COM	COM	458140100	747	30,824	SH		SOLE		30,824	0	0
INTERCEPT PHARMACEUTICALS INCO	COM	45845P108	2,205	49,175	SH		SOLE		38,893	0	10,282
INTEROIL CORP COM	COM	460951106	1,840	26,470	SH		SOLE		24,633	0	1,837
IPG PHOTONICS CORP	COM	44980X109	14,966	246,432	SH		SOLE		174,902	0	71,530
ISIS PHARMACEUTICALS COM	COM	464330109	7,334	272,927	SH		SOLE		221,080	0	51,847
IXIA COM	COM	45071R109	14,587	792,781	SH		SOLE		637,414	0	155,367
JACK IN THE BOX INC COM	COM	466367109	9,840	250,439	SH		SOLE		208,037	0	42,402
JARDEN CORP COM	COM	471109108	1,993	45,565	SH		SOLE		42,057	0	3,508
JAZZ PHARMACEUTICALS PLC SHS	COM	G50871105	12,141	176,648	SH		SOLE		130,357	0	46,291
JDS UNIPHASE CORP	COM	46612J507	424	29,458	SH		SOLE		27,213	0	2,245
JIVE SOFTWARE INC	COM	47760A108	13,512	743,661	SH		SOLE		597,802	0	145,859
JOHNSON & JOHNSON	COM	478160104	733	8,534	SH		SOLE		8,534	0	0
JONES LANG LASALLE INC COM	COM	48020Q107	914	10,028	SH		SOLE		9,266	0	762
JPMORGAN CHASE & CO COM	COM	46625H100	1,665	31,547	SH		SOLE		31,547	0	0
KIRBY CORP COM	COM	497266106	1,523	19,150	SH		SOLE		17,849	0	1,301
KODIAK OIL & GAS CORP COM	COM	50015Q100	1,104	124,151	SH		SOLE		117,111	0	7,040
KOPPERS HOLDINGS INC	COM	50060P106	3,502	91,719	SH		SOLE		8,348	0	83,371
LENNAR CORP COM	COM	526057104	1,421	39,421	SH		SOLE		36,416	0	3,005
LIBERTY MEDIA CORP DELAWARE CL	COM	531229102	464	3,660	SH		SOLE		3,660	0	0
LIBERTY PPTY TR SH BEN INT	COM	531172104	1,952	52,825	SH		SOLE		4,795	0	48,030
LILLY, ELI AND COMPANY	COM	532457108	306	6,236	SH		SOLE		6,236	0	0
LIPOSCIENCE INC COM	COM	53630M108	2,489	356,056	SH		SOLE		292,624	0	63,432
LITHIA MTRS INC CL A	COM	536797103	8,888	166,714	SH		SOLE		133,775	0	32,939
LOCKHEED MARTIN CORP COM	COM	539830109	237	2,183	SH		SOLE		2,183	0	0
LUMBER LIQUIDATORS HOLDINGS IN	COM	55003T107	6,269	80,501	SH		SOLE		64,606	0	15,895
MAGNUM HUNTER RES CORP DEL COM	COM	55973B102	14,996	4,108,620	SH		SOLE		3,437,701	0	670,919
MAGNUM HUNTER RES CORP WT EXP	WARRANT AND RIGH	55973G119	22	156,788	SH		SOLE		117,086	0	39,702
MARATHON OIL CORP COM	COM	565849106	343	9,932	SH		SOLE		9,932	0	0
MARATHON PETE CORP COM	COM	56585A102	260	3,653	SH		SOLE		3,653	0	0
MASTERCARD INC CL A	COM	57636Q104	226	394	SH		SOLE		394	0	0
MATTHEWS INTL CORP CL A	COM	577128101	4,867	129,106	SH		SOLE		12,502	0	116,604
MATTRESS FIRM HOLDING CORP	COM	57722W106	4,414	109,524	SH		SOLE		86,957	0	22,567
MCDERMOTT INTL INC COM	COM	580037109	660	80,668	SH		SOLE		75,186	0	5,482
MCDONALDS CORP	COM	580135101	458	4,629	SH		SOLE		4,629	0	0
MCGRAW-HILL COMPANIES INC COM	COM	580645109	1,741	32,730	SH		SOLE		30,236	0	2,494
MEDTRONIC INC COM	COM	585055106	246	4,771	SH		SOLE		4,771	0	0
MERCK & COMPANY	COM	58933Y105	430	9,250	SH		SOLE		9,250	0	0
MERITAGE CORP COM	COM	59001A102	12,026	277,343	SH		SOLE		223,224	0	54,119
MICHAEL KORS HOLDINGS LTD	COM	G60754101	2,458	39,631	SH		SOLE		36,962	0	2,669
MICRON TECHNOLOGY INC COM	COM	595112103	2,965	206,910	SH		SOLE		192,954	0	13,956
MICROSEMI CORP COM	COM	595137100	3,399	149,387	SH		SOLE		121,182	0	28,205
MICROSOFT CORP COM	COM	594918104	1,163	33,679	SH		SOLE		33,679	0	0
MIDDLEBY CORP COM	COM	596278101	17,755	104,387	SH		SOLE		82,315	0	22,072
MILLENNIAL MEDIA INC COM	COM	60040N105	168	19,232	SH		SOLE		19,232	0	0
MINDSPEED TECHNOLOGIES INC COM	COM	602682205	52	16,127	SH		SOLE		16,127	0	0
MULTIMEDIA GAMES INC COM	COM	625453105	18,384	705,171	SH		SOLE		568,744	0	136,427
MWI VETERINARY SUPPLY INC COM	COM	55402X105	37,729	306,144	SH		SOLE		210,232	0	95,912
MYLAN LABS INC COM	COM	628530107	6,834	220,225	SH		SOLE		19,965	0	200,260
NANOSTRING TECHNOLOGIES INC	COM	63009R109	2,406	300,765	SH		SOLE		240,551	0	60,214
NATIONAL PENN BANCSHARES INCCO	COM	637138108	5,003	492,470	SH		SOLE		45,400	0	447,070
NEWS CORP CL A	COM	65248E104	418	12,827	SH		SOLE		12,827	0	0
NEXSTAR BROADCASTING GROUP ICL	COM	65336K103	13,239	373,350	SH		SOLE		33,972	0	339,378
NODDLES & COMPANY	COM	65540B105	368	10,000	SH		SOLE		10,000	0	0
NORTHUMBERLAND BANCORP COM	COM	667056105	280	9,739	SH		SOLE		801	0	8,938
NORTHWEST BANCSHARES INC MD CO	COM	667340103	2,893	214,140	SH		SOLE		19,333	0	194,807
NPS PHARMACEUTICALS INC COM	COM	62936P103	18,029	1,193,198	SH		SOLE		959,354	0	233,844
NUTRI SYS INC NEW COM	COM	67069D108	911	77,306	SH		SOLE		6,337	0	70,969
OCCIDENTAL PETE CORP COM	COM	674599105	370	4,146	SH		SOLE		4,146	0	0
OCWEN FINL CORP COM NEW	COM	675746309	1,834	44,500	SH		SOLE		41,469	0	3,031
OMNICELL INC COM	COM	68213N109	5,759	280,227	SH		SOLE		225,779	0	54,448
ONYX PHARMACEUTICALS INC COM	COM	683399109	2,324	26,773	SH		SOLE		24,952	0	1,821
ORACLE SYS CORP	COM	68389X105	685	22,305	SH		SOLE		22,305	0	0
ORRSTOWN FINL SVCS INC COM	COM	687380105	3,194	251,922	SH		SOLE		22,361	0	229,561
PACIFIC PREMIER BANCORP COM	COM	69478X105	5,127	419,591	SH		SOLE		330,083	0	89,508
PACIFIC SUNWEAR CALIF INC COM	COM	694873100	222	61,280	SH		SOLE		61,280	0	0
PENN NATL GAMING INC COM	COM	707569109	4,109	77,640	SH		SOLE		7,015	0	70,625
PENN VIRGINIA CORP	COM	707882106	949	201,810	SH		SOLE		18,320	0	183,490
PENNSYLVANIA REAL ESTATE INVSH	COM	709102107	5,701	301,941	SH		SOLE		27,325	0	274,616
PENSECO FINL SRVCS CORP COM	COM	709570105	1,438	34,641	SH		SOLE		3,134	0	31,507
PENSKE AUTOMOTIVE GRP INC COM	COM	70959W103	8,670	283,894	SH		SOLE		237,132	0	46,762
PEP BOYS MANNY MOE & JACK COM	COM	713278109	4,142	357,699	SH		SOLE		32,390	0	325,309
PEPSICO INC	COM	713448108	466	5,702	SH		SOLE		5,702	0	0
PEREGRINE SEMICONDUCTOR CORP	COM	71366R703	134	12,247	SH		SOLE		12,247	0	0
PFIZER INC	COM	717081103	770	27,484	SH		SOLE		27,484	0	0
PHILIP MORRIS INTL INC COM	COM	718172109	684	7,900	SH		SOLE		7,900	0	0
PHILLIPS 66 COM	COM	718546104	373	6,338	SH		SOLE		6,338	0	0
PHOTOMEDEX INC	COM	719358301	6,413	402,342	SH		SOLE		156,039	0	246,303
PIONEER NAT RES CO COM	COM	723787107	1,983	13,702	SH		SOLE		12,658	0	1,044
PNC FINANCIAL CORP	COM	693475105	238	3,267	SH		SOLE		3,267	0	0
PORTOLA PHARMACEUTICALS INC	COM	737010108	6,556	266,810	SH		SOLE		213,334	0	53,476
PROCTER & GAMBLE COMPANY	COM	742718109	846	10,994	SH		SOLE		10,994	0	0
PROOFPOINT INC	COM	743424103	207	8,530	SH		SOLE		8,530	0	0
QLIK TECHNOLOGIES INC	COM	74733T105	15,218	538,318	SH		SOLE		286,331	0	251,987
QUAKER CHEM CORP COM	COM	747316107	6,031	97,252	SH		SOLE		8,027	0	89,225
QUALCOMM INC COM	COM	747525103	604	9,890	SH		SOLE		9,890	0	0
QUANTA SVCS INC COM	COM	74762E102	2,604	98,429	SH		SOLE		91,707	0	6,722
REALOGY HOLDINGS CORP	COM	75605Y106	1,475	30,703	SH		SOLE		28,615	0	2,088
RED ROBIN GOURMET BURGERS INCO	COM	75689M101	11,168	202,388	SH		SOLE		162,182	0	40,206
REGENERON PHARMACEUTICALS COM	COM	75886F107	982	4,368	SH		SOLE		4,035	0	333
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	1,664	174,589	SH		SOLE		162,720	0	11,869
REGULUS THERAPEUTICS INC	COM	75915K101	6,081	619,874	SH		SOLE		497,300	0	122,574
REPUBLIC FIRST BANCORP INC COM	COM	760416107	434	152,210	SH		SOLE		14,693	0	137,517
RESTORATION HARDWARE HOLDINGS	COM	761283100	6,377	85,021	SH		SOLE		67,296	0	17,725
REX ENERGY CORPORATION COM	COM	761565100	22,193	1,262,423	SH		SOLE		541,092	0	721,331
ROADRUNNER TRNSN SVCS HLDG ICO	COM	76973Q105	19,290	692,871	SH		SOLE		499,699	0	193,172
ROCK-TENN CO CL A	COM	772739207	1,058	10,593	SH		SOLE		9,851	0	742
ROSS STORES INC COM	COM	778296103	1,880	29,004	SH		SOLE		26,794	0	2,210
RUE21 INC	COM	781295100	1,559	37,467	SH		SOLE		3,108	0	34,359
RYLAND GROUP INC COM	COM	783764103	2,258	56,310	SH		SOLE		52,484	0	3,826
S & T BANCORP INC COM	COM	783859101	2,805	143,105	SH		SOLE		12,342	0	130,763
SABA SOFTWARE	COM	784932600	8,211	842,167	SH		SOLE		647,599	0	194,568
SALESFORCE.COM INC	COM	79466L302	940	24,617	SH		SOLE		22,944	0	1,673
SAREPTA THERAPEUTICS INC	COM	803607100	16,038	421,621	SH		SOLE		326,695	0	94,926
SBA COMMUNICATIONS CORP CL A	COM	78388J106	1,248	16,844	SH		SOLE		15,561	0	1,283
SCHLUMBERGER	COM	806857108	573	7,995	SH		SOLE		7,995	0	0
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	4,090	498,826	SH		SOLE		45,289	0	453,537
SHFL ENTMT INC COM	COM	78423R105	6,128	345,993	SH		SOLE		276,343	0	69,650
SIGNATURE BK NEW YORK N Y COM	COM	82669G104	224	2,704	SH		SOLE		2,704	0	0
SINCLAIR BROADCAST GROUP INCCL	COM	829226109	24,300	827,384	SH		SOLE		677,888	0	149,496
SIRONA DENTAL SYSTEMS INC COM	COM	82966C103	673	10,216	SH		SOLE		9,523	0	693
SOURCEFIRE INC COM	COM	83616T108	21,983	395,739	SH		SOLE		296,922	0	98,817
SOUTHWEST AIRLS CO COM	COM	844741108	1,407	109,146	SH		SOLE		101,727	0	7,419
SPIRIT AIRLS INC COM	COM	848577102	26,062	821,614	SH		SOLE		675,159	0	146,455
STANDARD PAC CORP NEW COM	COM	85375C101	9,228	1,107,769	SH		SOLE		894,203	0	213,566
STARBUCKS CORP COM	COM	855244109	345	5,269	SH		SOLE		5,269	0	0
SUMMIT HOTEL PROPERTIES INC	COM	866082100	8,758	926,760	SH		SOLE		598,703	0	328,057
SUSQUEHANNA BANCSHARES INC COM	COM	869099101	10,822	842,211	SH		SOLE		78,956	0	763,255
SVB FINL GROUP COM	COM	78486Q101	17,657	211,920	SH		SOLE		171,117	0	40,803
SYNAGEVA BIOPHARMA CORP COM	COM	87159A103	6,223	148,232	SH		SOLE		116,688	0	31,544
TARGET CORP COM	COM	87612E106	234	3,396	SH		SOLE		3,396	0	0
TAYLOR MORRISON HOME CORP	COM	87724P106	7,699	315,783	SH		SOLE		191,692	0	124,091
TELEFLEX INC COM	COM	879369106	3,613	46,624	SH		SOLE		4,206	0	42,418
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	7,712	173,844	SH		SOLE		140,975	0	32,869
TEXAS ROADHOUSE INC CL A	COM	882681109	224	8,962	SH		SOLE		8,962	0	0
TEXTURA CORP	COM	883211104	592	22,774	SH		SOLE		18,219	0	4,555
THE BLACKSTONE GROUP LP	COM	09253U108	1,511	71,767	SH		SOLE		66,894	0	4,873
TIDEWATER INC COM	COM	886423102	5,076	89,095	SH		SOLE		72,052	0	17,043
TILE SHOP HLDGS INC COM	COM	88677Q109	11,313	390,640	SH		SOLE		306,499	0	84,141
TILLY'S INC-CLASS A SHRS	COM	886885102	5,061	316,289	SH		SOLE		249,967	0	66,322
TIME WARNER CABLE INC COM	COM	88732J207	224	1,989	SH		SOLE		1,989	0	0
TIME WARNER INC COM	COM	887317303	257	4,451	SH		SOLE		4,451	0	0
TMS INTERNATIONAL CORP	COM	87261Q103	3,900	262,965	SH		SOLE		23,747	0	239,218
TOLL BROS INC COM	COM	889478103	11,067	339,161	SH		SOLE		68,416	0	270,745
TOMPKINS TRUSTCO INC COM	COM	890110109	3,183	70,441	SH		SOLE		5,756	0	64,685
TREX INC COM	COM	89531P105	22,407	471,829	SH		SOLE		379,554	0	92,275
TRIBUNE CO NEW CL A	COM	896047503	1,002	17,607	SH		SOLE		16,265	0	1,342
TRIMBLE NAV LTD COM	COM	896239100	1,948	74,965	SH		SOLE		69,867	0	5,098
TRISTATE CAPITAL HOLDINGS	COM	89678F100	1,908	138,728	SH		SOLE		12,732	0	125,996
TRIUMPH GROUP INC NEW COM	COM	896818101	15,081	190,536	SH		SOLE		106,762	0	83,774
ULTA SALON COSMETICS & FRAGR	COM	90384S303	4,740	47,344	SH		SOLE		30,852	0	16,492
ULTIMATE SOFTWARE GROUP INC CO	COM	90385D107	17,319	147,660	SH		SOLE		100,363	0	47,297
UNI PIXEL INC COM NEW	COM	904572203	2,177	148,514	SH		SOLE		119,748	0	28,766
UNION PAC CORP	COM	907818108	356	2,307	SH		SOLE		2,307	0	0
UNITED RENTALS INC COM	COM	911363109	2,680	53,692	SH		SOLE		50,046	0	3,646
UNITED TECHNOLOGIES CORP	COM	913017109	384	4,129	SH		SOLE		4,129	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	488	7,458	SH		SOLE		7,458	0	0
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	3,855	57,575	SH		SOLE		5,195	0	52,380
UNIVEST CORP PA COM	COM	915271100	1,095	57,419	SH		SOLE		5,177	0	52,242
URBAN OUTFITTERS INC COM	COM	917047102	8,982	223,328	SH		SOLE		45,634	0	177,694
US BANCORP DEL NEW COM NEW	COM	902973304	445	12,320	SH		SOLE		12,320	0	0
USG CORP COM NEW	COM	903293405	11,309	490,637	SH		SOLE		395,747	0	94,890
VALERO ENERGY CORP COM	COM	91913Y100	1,630	46,877	SH		SOLE		44,045	0	2,832
VERASTEM INC	COM	92337C104	4,843	348,919	SH		SOLE		274,608	0	74,311
VERIZON COMMUNICATIONS	COM	92343V104	631	12,536	SH		SOLE		12,536	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	2,857	35,687	SH		SOLE		33,208	0	2,479
VIROPHARMA INC COM	COM	928241108	6,649	232,060	SH		SOLE		21,053	0	211,007
VISHAY INTERTECHNOLOGY INC COM	COM	928298108	3,926	282,625	SH		SOLE		25,529	0	257,096
VITAMIN SHOPPE INC COM	COM	92849E101	5,132	114,461	SH		SOLE		92,346	0	22,115
WABTEC CORPORATION	COM	929740108	14,724	275,568	SH		SOLE		54,188	0	221,380
WAL MART STORES INC	COM	931142103	1,420	19,061	SH		SOLE		19,061	0	0
WALKER & DUNLOP INC	COM	93148P102	9,946	568,367	SH		SOLE		403,622	0	164,745
WELLPOINT INC	COM	94973V107	224	2,741	SH		SOLE		2,741	0	0
WELLS FARGO NEW	COM	949746101	1,656	40,135	SH		SOLE		40,135	0	0
WESCO INTL INC COM	COM	95082P105	28,462	418,811	SH		SOLE		217,400	0	201,411
WEST PHARMACEUTICAL SVCS INCCO	COM	955306105	7,872	112,045	SH		SOLE		10,125	0	101,920
WYNN RESORTS LTD COM	COM	983134107	2,251	17,590	SH		SOLE		16,398	0	1,192
YAHOO INC COM	COM	984332106	285	11,352	SH		SOLE		11,352	0	0