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
Expires:	Oct 31, 2018
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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
APPLE INC	COM	037833100	2,754	24,949	SH		SOLE		24,949	0	0
ABAXIS INC	COM	002567105	5,830	102,593	SH		SOLE		83,213	0	19,380
AMERISOURCEBERGEN CORP	COM	03073E105	6,002	66,565	SH		SOLE		11,438	0	55,127
ACADIA HEALTHCAREPANY INC	COM	00404A109	27,648	451,690	SH		SOLE		356,209	0	95,481
ACTUA CORP	COM	005094107	7,121	385,525	SH		SOLE		18,112	0	367,413
ADEPT TECHNOLOGY INC	COM	006854202	2,502	288,269	SH		SOLE		233,439	0	54,830
ADAMAS PHARMACEUTICALS INC	COM	00548A106	4,172	240,167	SH		SOLE		196,875	0	43,292
ALLIANCE DATA SYS CORP	COM	018581108	3,376	11,801	SH		SOLE		11,038	0	763
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	3,477	250,538	SH		SOLE		14,370	0	236,168
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	5,434	332,952	SH		SOLE		143,703	0	189,249
AMTRUST FINANCIAL SERVICES	COM	032359309	24,452	434,704	SH		SOLE		318,260	0	116,444
AMERICAN INTERNATIONAL GROUP INC	COM	026874784	456	8,133	SH		SOLE		8,133	0	0
AKORN INC	COM	009728106	926	25,579	SH		SOLE		24,027	0	1,552
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	24,321	250,732	SH		SOLE		203,465	0	47,267
AMETEK INC	COM	031100100	11,384	216,309	SH		SOLE		6,934	0	209,375
AFFILIATED MANAGERS GROUP INC	COM	008252108	5,147	24,252	SH		SOLE		22,733	0	1,519
ANSYS INC	COM	03662Q105	13,783	168,089	SH		SOLE		7,182	0	160,907
ANADARKO PETROLEUM CORP	COM	032511107	1,802	21,843	SH		SOLE		20,680	0	1,163
APOGEE ENTERPRISES INC	COM	037598109	21,042	496,626	SH		SOLE		388,040	0	108,586
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	7,440	727,961	SH		SOLE		591,131	0	136,830
AIRGAS INC	COM	009363102	4,854	42,140	SH		SOLE		1,300	0	40,840
ARAMARK	COM	03852U106	3,578	114,860	SH		SOLE		1,580	0	113,280
ATRICURE INC	COM	04963C209	5,945	297,826	SH		SOLE		244,856	0	52,970
ASTRONICS CORP	COM	046433108	12,255	221,563	SH		SOLE		170,179	0	51,384
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	1,161	11,538	SH		SOLE		10,739	0	799
HOMEAWAY INC	COM	43739Q100	17,901	601,105	SH		SOLE		496,236	0	104,869
ARMSTRONG WORLD INDS INC	COM	04247X102	9,340	182,705	SH		SOLE		19,985	0	162,720
AMERICAN EXPRESS CO	COM	025816109	326	3,499	SH		SOLE		3,499	0	0
ACUITY BRANDS INC	COM	00508Y102	14,597	104,214	SH		SOLE		74,175	0	30,039
BOEING CO	COM	097023105	244	1,879	SH		SOLE		1,879	0	0
BANK OF AMER CORP	COM	060505104	247	13,790	SH		SOLE		13,790	0	0
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	3,221	624,234	SH		SOLE		499,439	0	124,795
BILL BARRETT CORP	COM	06846N104	160	14,023	SH		SOLE		14,023	0	0
BLACK BOX CORPORATION	COM	091826107	1,307	54,679	SH		SOLE		2,350	0	52,329
BRUNSWICK CORP	COM	117043109	22,259	434,229	SH		SOLE		362,534	0	71,695
BLACK DIAMOND INC	COM	09202G101	4,919	562,222	SH		SOLE		458,170	0	104,052
BIOTELEMETRY INC	COM	090672106	5,451	543,488	SH		SOLE		60,603	0	482,885
BELLICUM PHARMACEUTICALS INC	COM	079481107	4,567	198,202	SH		SOLE		160,842	0	37,360
INFOBLOX INC	COM	45672H104	310	15,355	SH		SOLE		15,355	0	0
BLUEBIRD BIO INC	COM	09609G100	20,091	219,046	SH		SOLE		180,586	0	38,460
BRYN MAWR BK CORP	COM	117665109	8,398	268,303	SH		SOLE		11,265	0	257,038
BOFI HLDG INC	COM	05566U108	5,709	73,370	SH		SOLE		59,160	0	14,210
BON-TON STORES INC	COM	09776J101	2,789	376,422	SH		SOLE		16,339	0	360,083
BERKSHIRE HATHAWAY INC DEL CL B	COM	084670702	1,100	7,323	SH		SOLE		7,323	0	0
BURNHAM HLDGS INC CL A	COM	122295108	1,264	63,200	SH		SOLE		2,070	0	61,130
BORGWARNER INC	COM	099724106	1,703	30,986	SH		SOLE		28,840	0	2,146
CITIGROUP INC	COM	172967424	882	16,304	SH		SOLE		16,304	0	0
AVIS BUDGET GROUP INC	COM	053774105	3,169	47,771	SH		SOLE		44,746	0	3,025
CAVIUM INC	COM	14964U108	16,350	264,475	SH		SOLE		160,551	0	103,924
CHRISTOPHER & BANKS COPR	COM	171046105	5,089	891,166	SH		SOLE		723,809	0	167,357
CALGON CARBON CORP COM	COM	129603106	2,266	109,030	SH		SOLE		4,740	0	104,290
CCFNB BANCORP INC	COM	124880105	499	12,969	SH		SOLE		505	0	12,464
CROWN HOLDINGS INC	COM	228368106	7,909	155,381	SH		SOLE		6,716	0	148,665
CNB FINL CORP PA	COM	126128107	10,101	546,017	SH		SOLE		60,381	0	485,636
CHEGG INC	COM	163092109	4,878	705,981	SH		SOLE		575,601	0	130,380
CHEMTURA CORPORATION	COM	163893209	711	28,740	SH		SOLE		1,240	0	27,500
CHUY`S HOLDINGS INC	COM	171604101	6,743	342,817	SH		SOLE		282,267	0	60,550
COMCAST CORP CL A	COM	20030N101	466	8,036	SH		SOLE		8,036	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	1,274	1,861	SH		SOLE		1,748	0	113
CONNECTONE BANCORP INC	COM	20786W107	8,575	451,314	SH		SOLE		366,784	0	84,530
CONSOL ENERGY INC	COM	20854P109	2,128	62,947	SH		SOLE		1,699	0	61,248
COBIZ INC	COM	190897108	11,081	843,922	SH		SOLE		687,506	0	156,416
CAPITAL ONE FINL CORP	COM	14040H105	242	2,928	SH		SOLE		2,928	0	0
CABOT OIL & GAS CORP	COM	127097103	1,057	35,708	SH		SOLE		33,234	0	2,474
CONOCOPHILLIPS	COM	20825C104	449	6,504	SH		SOLE		6,504	0	0
CEPHEID	COM	15670R107	26,453	488,605	SH		SOLE		369,536	0	119,069
CARPENTER TECHNOLOGY CORP	COM	144285103	8,850	179,701	SH		SOLE		40,653	0	139,048
CISCO SYS INC	COM	17275R102	383	13,786	SH		SOLE		13,786	0	0
CENTERSTATE BANKS INC	COM	15201P109	364	30,570	SH		SOLE		30,570	0	0
CORNERSTONE ONDEMAND INC	COM	21925Y103	433	12,298	SH		SOLE		12,298	0	0
CUBESMART	COM	229663109	10,804	489,550	SH		SOLE		21,090	0	468,460
CUSTOMERS BANCORP INC	COM	23204G100	16,295	837,338	SH		SOLE		259,489	0	577,849
CODORUS VALLEY BANCORP	COM	192025104	883	44,869	SH		SOLE		1,931	0	42,938
CVS CORP	COM	126650100	362	3,761	SH		SOLE		3,761	0	0
CHEVRONTEXACO CORPORATION	COM	166764100	1,243	11,084	SH		SOLE		11,084	0	0
COMMUNITY HEALTH SYSTEMS INC	COM	203668108	1,034	19,178	SH		SOLE		18,015	0	1,163
CYNOSURE INC.	COM	232577205	239	8,710	SH		SOLE		8,710	0	0
CITIZENS FINL SVCS INC	COM	174615104	2,544	47,423	SH		SOLE		5,046	0	42,377
CITIZENS & NORTHERN CORP	COM	172922106	881	42,598	SH		SOLE		1,817	0	40,781
DECKERS OUTDOOR CORPORATION	COM	243537107	2,267	24,905	SH		SOLE		23,350	0	1,555
DEPOMED INC	COM	249908104	11,728	727,991	SH		SOLE		593,626	0	134,365
DONEGAL GROUP INC J CL A	COM	257701201	2,254	141,073	SH		SOLE		5,750	0	135,323
DISNEY WALT PRODTNS	COM	254687106	456	4,843	SH		SOLE		4,843	0	0
DICKS SPORTING GOODS INC	COM	253393102	5,193	104,592	SH		SOLE		3,573	0	101,019
DORMAN PRODUCTS INC	COM	258278100	5,096	105,572	SH		SOLE		4,561	0	101,011
CHANNELADVISOR CORP	COM	159179100	12,387	574,017	SH		SOLE		464,537	0	109,480
8X8 INC NEW	COM	282914100	12,193	1,331,102	SH		SOLE		1,034,285	0	296,817
EKSO BIONICS HOLDINGS INC	COM	282644103	92	67,820	SH		SOLE		67,820	0	0
ENPHASE ENERGY, INC	COM	29355A107	6,024	421,586	SH		SOLE		340,937	0	80,649
ENERSYS	COM	29275Y102	9,466	153,366	SH		SOLE		34,122	0	119,244
GLOBAL EAGLE ENTERTAINMENT	COM	37951D102	238	17,460	SH		SOLE		17,460	0	0
EPAM SYSTEMS INC	COM	29414B104	31,841	666,836	SH		SOLE		375,355	0	291,481
EPIZYME INC	COM	29428V104	9,360	496,000	SH		SOLE		402,881	0	93,119
EQT CORP	COM	26884L109	2,117	27,966	SH		SOLE		741	0	27,225
ERIE INDTY CO CL A	COM	29530P102	3,106	34,214	SH		SOLE		1,395	0	32,819
ENVIRONMENTAL TECTONICS CORP	COM	294092101	238	135,421	SH		SOLE		0	0	135,421
ETHAN ALLEN INTERIORS INC	COM	297602104	1,061	34,250	SH		SOLE		30,380	0	3,870
ENTERCOMMUNICATIONS CORP	COM	293639100	3,807	313,095	SH		SOLE		12,772	0	300,323
EVERYDAY HEALTH INC	COM	300415106	7,841	531,580	SH		SOLE		427,595	0	103,985
EAGLE MATLS INC	COM	26969P108	3,535	46,498	SH		SOLE		43,745	0	2,753
FORD MTR CO DEL PAR $0.01	COM	345370860	195	12,550	SH		SOLE		12,550	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	12,189	203,892	SH		SOLE		169,646	0	34,246
FARO TECHNOLOGIES INC	COM	311642102	23,528	375,371	SH		SOLE		307,813	0	67,558
FACEBOOK INC	COM	30303M102	673	8,632	SH		SOLE		8,632	0	0
FIRST BUS FINL SVCS INC WIS	COM	319390100	1,086	22,665	SH		SOLE		581	0	22,084
FCB FINANCIAL HOLDINGS INC	COM	30255G103	12,402	503,325	SH		SOLE		406,055	0	97,270
FEDERATED INVESTORS INC	COM	314211103	1,622	49,270	SH		SOLE		1,750	0	47,520
FIVE BELOW	COM	33829M101	13,308	325,941	SH		SOLE		141,681	0	184,260
FOOT LOCKER INC	COM	344849104	3,157	56,190	SH		SOLE		52,782	0	3,408
F N B CORP PA	COM	302520101	3,042	228,405	SH		SOLE		9,405	0	219,000
TWENTY FIRST CENTURY FOX CLASS A	COM	90130A101	221	5,763	SH		SOLE		5,763	0	0
FRANKLIN FINANCIAL SERVICES CORPORATION	COM	353525108	530	24,106	SH		SOLE		1,076	0	23,030
REPUBLIC FIRST BANCORP INC	COM	760416107	428	114,077	SH		SOLE		3,290	0	110,787
LB FOSTER CO	COM	350060109	5,500	113,237	SH		SOLE		9,680	0	103,557
FORTINET INC	COM	34959E109	3,374	110,040	SH		SOLE		103,344	0	6,696
FULTON FINL CORP PA	COM	360271100	838	67,790	SH		SOLE		913	0	66,877
FOX CHASE BANCORP INC NEW	COM	35137T108	3,300	197,954	SH		SOLE		24,244	0	173,710
GENERAL ELEC CO	COM	369604103	588	23,272	SH		SOLE		23,272	0	0
GILEAD SCIENCES INC	COM	375558103	402	4,267	SH		SOLE		4,267	0	0
GAMING AND LEISURE PROPERTIES INC.	COM	36467J108	2,018	68,774	SH		SOLE		2,992	0	65,782
GLU MOBILE INC	COM	379890106	10,063	2,580,188	SH		SOLE		1,940,489	0	639,699
GNC HOLDINGS INC	COM	36191G107	2,842	60,511	SH		SOLE		4,402	0	56,109
GOOGLE INC CL C	COM	38259P706	1,047	1,989	SH		SOLE		1,989	0	0
GOOGLE INC CL A	COM	38259P508	435	819	SH		SOLE		819	0	0
GULFPORT ENERGY CORP	COM	402635304	2,923	70,025	SH		SOLE		66,198	0	3,827
GOLDMAN SACHS GROUP INC	COM	38141G104	501	2,587	SH		SOLE		2,587	0	0
GSV CAP CORP	COM	36191J101	5,159	597,751	SH		SOLE		468,834	0	128,917
GTT COMMUNICATIONS INC	COM	362393100	5,735	433,512	SH		SOLE		344,770	0	88,742
GUIDEWIRE SOFTWARE INC	COM	40171V100	9,980	197,121	SH		SOLE		160,121	0	37,000
HAIN CELESTIAL GROUP INC	COM	405217100	2,183	37,448	SH		SOLE		35,026	0	2,422
HARMAN INTERNATIONAL	COM	413086109	1,991	18,660	SH		SOLE		17,529	0	1,131
HEALTHCARE SVCS GROUP INC	COM	421906108	3,144	101,657	SH		SOLE		4,097	0	97,560
HOME DEPOT INC	COM	437076102	375	3,576	SH		SOLE		3,576	0	0
H&E EQUIPMENT SERVICES INC	COM	404030108	7,454	265,369	SH		SOLE		216,360	0	49,009
HONEYWELL INTL INC	COM	438516106	222	2,224	SH		SOLE		2,224	0	0
HEWLETT PACKARD COMPANY	COM	428236103	251	6,262	SH		SOLE		6,262	0	0
HERON THERAPEUTICS INC	COM	427746102	104	10,350	SH		SOLE		10,350	0	0
HSN INC	COM	404303109	953	12,536	SH		SOLE		11,666	0	870
HERSHA HOSPITALITY TR PRIORITY A SHS	COM	427825104	5,351	761,209	SH		SOLE		57,256	0	703,953
HORIZON PHARMA, INC	COM	G4617B105	12,061	935,655	SH		SOLE		790,580	0	145,075
MARINEMAX INC	COM	567908108	11,054	551,340	SH		SOLE		447,130	0	104,210
I B M	COM	459200101	744	4,638	SH		SOLE		4,638	0	0
IntercontinentalExchange Group, Inc	COM	45866F104	1,104	5,033	SH		SOLE		5,033	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	10,517	67,415	SH		SOLE		45,105	0	22,310
IMAX CORP	COM	45245E109	2,659	86,043	SH		SOLE		80,712	0	5,331
IMPERVA INC	COM	45321L100	22,070	446,483	SH		SOLE		365,213	0	81,270
INC RESEARCH HOLDINGS INC	COM	45329R109	3,206	124,795	SH		SOLE		101,945	0	22,850
INOGEN INC	COM	45780L104	11,357	362,028	SH		SOLE		293,168	0	68,860
INOVIO PHARMACEUTICALS INC	COM	45773H201	797	86,859	SH		SOLE		4,749	0	82,110
INTEL CORP	COM	458140100	528	14,545	SH		SOLE		14,545	0	0
INTUIT INC	COM	461202103	1,495	16,221	SH		SOLE		15,098	0	1,123
IPG PHOTONICS CORP	COM	44980X109	19,162	255,768	SH		SOLE		183,588	0	72,180
INPHI CORP	COM	45772F107	7,213	390,337	SH		SOLE		317,637	0	72,700
ISIS PHARMACEUTICALS INC	COM	464330109	10,562	171,069	SH		SOLE		140,203	0	30,866
JACK IN THE BOX INC	COM	466367109	24,771	309,795	SH		SOLE		228,409	0	81,386
JARDEN CORP	COM	471109108	4,076	85,134	SH		SOLE		79,283	0	5,851
JAKKS PACIFIC	COM	47012E106	178	26,106	SH		SOLE		26,106	0	0
JOHNSON & JOHNSON	COM	478160104	737	7,049	SH		SOLE		7,049	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,181	18,876	SH		SOLE		18,876	0	0
JONES SODA CO	COM	48023P106	23	65,640	SH		SOLE		65,640	0	0
KATE SPADE & CO	COM	485865109	2,540	79,365	SH		SOLE		63,475	0	15,890
KFORCE INC	COM	493732101	17,991	745,594	SH		SOLE		605,759	0	139,835
KORN FERRY INTERNATIONAL	COM	500643200	7,023	244,186	SH		SOLE		205,799	0	38,387
KING DIGITAL EN	COM	G5258J109	1,389	90,437	SH		SOLE		84,175	0	6,262
KENNAMETAL INC	COM	489170100	1,912	53,434	SH		SOLE		2,320	0	51,114
KNOLL INC	COM	498904200	12,600	595,160	SH		SOLE		270,358	0	324,802
COCA COLA CO	COM	191216100	667	15,796	SH		SOLE		15,796	0	0
K2M GROUP HOLDINGS INC	COM	48273J107	11,853	567,947	SH		SOLE		471,406	0	96,541
QUAKER CHEM CORP	COM	747316107	8,577	93,187	SH		SOLE		3,962	0	89,225
LAZARD LTD-CL A	COM	G54050102	1,184	23,664	SH		SOLE		22,038	0	1,626
LDR HOLDING CORP	COM	50185U105	9,760	297,745	SH		SOLE		237,505	0	60,240
LIONS GATE ENTERTAINMENT CORP	COM	535919203	3,196	99,807	SH		SOLE		93,525	0	6,282
LUMBER LIQUIDATORS HOLDINGS INC	COM	55003T107	334	5,035	SH		SOLE		5,035	0	0
LINKEDIN CORP	COM	53578A108	2,543	11,071	SH		SOLE		10,301	0	770
LIBERTY PPTY TR SH BEN INT	COM	531172104	8,907	236,705	SH		SOLE		9,365	0	227,340
SOUTHWEST AIR	COM	844741108	4,076	96,318	SH		SOLE		90,501	0	5,817
MATTHEWS INTL CORP CL A	COM	577128101	8,549	175,658	SH		SOLE		22,734	0	152,924
MALIBU BOATS INC-CLASS A	COM	56117J100	5,332	276,685	SH		SOLE		224,155	0	52,530
MOELIS & CO	COM	60786M105	10,348	296,241	SH		SOLE		240,775	0	55,466
MCDONALDS CORP	COM	580135101	288	3,069	SH		SOLE		3,069	0	0
MEDIVATION INC	COM	58501N101	3,947	39,622	SH		SOLE		37,140	0	2,482
METHODE ELECTRONICS INC	COM	591520200	7,107	194,661	SH		SOLE		158,161	0	36,500
METLIFE INC	COM	59156R108	290	5,367	SH		SOLE		5,367	0	0
METRO BANCORP INC	COM	59161R101	1,377	53,115	SH		SOLE		3,440	0	49,675
MGM RESORTS INTERNATIONAL	COM	552953101	2,151	100,597	SH		SOLE		94,497	0	6,100
MACROGENICS INC	COM	556099109	13,159	375,229	SH		SOLE		304,669	0	70,560
MCGRAW HILL FINANCIAL INC	COM	580645109	2,971	33,395	SH		SOLE		31,084	0	2,311
MAGNUM HUNTER RES CORP DEL	COM	55973B102	2,883	918,149	SH		SOLE		736,969	0	181,180
MIDDLEBY CORP	COM	596278101	4,955	49,996	SH		SOLE		35,843	0	14,153
MARCUS & MILLICHAP INC	COM	566324109	8,988	270,310	SH		SOLE		142,080	0	128,230
3M CO	COM	88579Y101	265	1,611	SH		SOLE		1,611	0	0
ALTRIA GROUP INC	COM	02209S103	238	4,824	SH		SOLE		4,824	0	0
MERCK &PANY	COM	58933Y105	263	4,635	SH		SOLE		4,635	0	0
MARINUS PHARMACEUTICALS INC	COM	56854Q101	2,875	272,013	SH		SOLE		171,797	0	100,216
MORGAN STANLEY	COM	617446448	253	6,508	SH		SOLE		6,508	0	0
MICROSEMI CORP	COM	595137100	18,195	641,111	SH		SOLE		521,718	0	119,393
MICROSOFT CORP	COM	594918104	1,000	21,524	SH		SOLE		21,524	0	0
MICROSTRATEGY INC	COM	594972408	14,667	90,313	SH		SOLE		73,268	0	17,045
MICRON TECHNOLOGY INC	COM	595112103	2,684	76,673	SH		SOLE		71,966	0	4,707
MWI VETERINARY SUPPLY INC	COM	55402X105	47,319	278,497	SH		SOLE		190,988	0	87,509
MYLAN LABS INC	COM	628530107	11,584	205,499	SH		SOLE		5,239	0	200,260
NETSUITE INC	COM	64118Q107	1,520	13,921	SH		SOLE		13,081	0	840
FIRST NBC BANK HOLDING CO	COM	32115D106	14,163	402,370	SH		SOLE		320,210	0	82,160
NEUROCRINE BIOSCIENCES, INC	COM	64125C109	12,085	540,973	SH		SOLE		438,793	0	102,180
NOODLES AND COMPANY	COM	65540B105	4,659	176,818	SH		SOLE		142,658	0	34,160
NEONODE INC	COM	64051M402	135	40,067	SH		SOLE		40,067	0	0
SERVICENOW INC	COM	81762P102	2,720	40,084	SH		SOLE		37,665	0	2,419
NATIONAL PENN BANCSHARES INCCOM	COM	637138108	4,910	466,480	SH		SOLE		19,410	0	447,070
NPS PHARMACEUTICALS INC	COM	62936P103	13,017	363,906	SH		SOLE		301,202	0	62,704
NANOSTRING TECHNOLOGIES INC	COM	63009R109	5,606	402,463	SH		SOLE		329,399	0	73,064
NUTRI SYS INC NEW	COM	67069D108	1,437	73,517	SH		SOLE		2,548	0	70,969
NORTHUMBERLAND BANCORP	COM	667056105	268	8,938	SH		SOLE		0	0	8,938
NORTHWEST BANCSHARES INC MD	COM	667340103	2,530	201,944	SH		SOLE		7,137	0	194,807
NEXSTAR BROADCASTING GROUP ICL A	COM	65336K103	2,758	53,249	SH		SOLE		2,276	0	50,973
OPUS BANK	COM	684000102	17,993	634,242	SH		SOLE		497,418	0	136,824
ORBCOMM INC	COM	68555P100	5,833	891,941	SH		SOLE		725,404	0	166,537
ORACLE SYS CORP	COM	68389X105	558	12,401	SH		SOLE		12,401	0	0
ORION MARINE GROUP, INC	COM	68628V308	165	14,975	SH		SOLE		14,975	0	0
ORRSTOWN FINL SVCS INC	COM	687380105	4,683	275,462	SH		SOLE		36,079	0	239,383
ORASURE TECHNOLOGIES INC	COM	68554V108	6,115	603,060	SH		SOLE		45,850	0	557,210
OVASCIENCE INC	COM	69014Q101	3,570	80,741	SH		SOLE		65,009	0	15,732
OCCIDENTAL PETE CORP	COM	674599105	336	4,167	SH		SOLE		4,167	0	0
BANK OF THE OZARKS INC	COM	063904106	26,734	705,016	SH		SOLE		570,094	0	134,922
PACWEST BANCORP DEL	COM	695263103	14,511	319,194	SH		SOLE		265,915	0	53,279
PALO ALTO NETWORKS, INC	COM	697435105	3,378	27,558	SH		SOLE		25,904	0	1,654
PEP BOYS MANNY MOE & JACK	COM	713278109	3,346	340,700	SH		SOLE		15,391	0	325,309
PUMA BIOTECHNOLOGY INC	COM	74587V107	9,600	50,721	SH		SOLE		41,185	0	9,536
PENNSYLVANIA REAL ESTATE INVSHS BEN INT	COM	709102107	6,713	286,158	SH		SOLE		11,542	0	274,616
PEPSICO INC	COM	713448108	320	3,386	SH		SOLE		3,386	0	0
PFIZER INC	COM	717081103	496	15,919	SH		SOLE		15,919	0	0
PEOPLES FINANCIAL SERVICES CORP	COM	711040105	3,427	68,981	SH		SOLE		3,043	0	65,938
PROOFPOINT INC	COM	743424103	28,736	595,815	SH		SOLE		469,325	0	126,490
PROCTER & GAMBLEPANY	COM	742718109	514	5,640	SH		SOLE		5,640	0	0
DAVE & BUSTER`S ENTERTAINMENT INC.	COM	238337109	5,979	219,007	SH		SOLE		180,875	0	38,132
Plug Power, Inc	COM	72919P202	30	10,015	SH		SOLE		10,015	0	0
PHILIP MORRIS INTL INC	COM	718172109	393	4,820	SH		SOLE		4,820	0	0
PNC FINANCIAL CORP	COM	693475105	217	2,377	SH		SOLE		2,377	0	0
POLYONE CORPORATION	COM	73179P106	22,105	583,103	SH		SOLE		481,464	0	101,639
PACIFIC PREMIER BANCORP	COM	69478X105	6,399	369,218	SH		SOLE		305,134	0	64,084
PPG INDUSTRIES INC	COM	693506107	2,226	9,629	SH		SOLE		9,007	0	622
PRIMORIS SERVICES CORP	COM	74164F103	4,561	196,244	SH		SOLE		158,255	0	37,989
PROTO LABS INC	COM	743713109	9,304	138,537	SH		SOLE		112,050	0	26,487
PHILLIPS 66	COM	718546104	201	2,806	SH		SOLE		2,806	0	0
PORTOLA PHARMACEUTICALS INC	COM	737010108	11,123	392,749	SH		SOLE		319,028	0	73,721
PENN VIRGINIA CORP	COM	707882106	2,965	443,884	SH		SOLE		19,323	0	424,561
PENNS WOODS BANCORP INC	COM	708430103	3,348	67,972	SH		SOLE		10,117	0	57,855
QUANTA SVCS INC	COM	74762E102	2,741	96,556	SH		SOLE		90,528	0	6,028
PIXELWORKS INC	COM	72581M305	2,735	599,728	SH		SOLE		504,678	0	95,050
QUALCOMM INC	COM	747525103	330	4,435	SH		SOLE		4,435	0	0
QLIK TECHNOLOGIES INC	COM	74733T105	21,101	683,086	SH		SOLE		471,349	0	211,737
RITE AID CORP	COM	767754104	2,273	302,204	SH		SOLE		12,733	0	289,471
ULTRAGENYX PHARMACEUTICAL INC	COM	90400D108	5,142	117,181	SH		SOLE		95,041	0	22,140
ROYAL BANCSHARES OF PENNSYLVANIA INC	COM	780081105	3,114	1,934,444	SH		SOLE		204,450	0	1,729,994
RADIAN GROUP INC	COM	750236101	781	46,710	SH		SOLE		7,140	0	39,570
REX ENERGY CORPORATION	COM	761565100	249	48,888	SH		SOLE		48,888	0	0
RICE ENERGY	COM	762760106	4,047	193,000	SH		SOLE		14,690	0	178,310
ROSS STORES INC	COM	778296103	2,355	24,985	SH		SOLE		23,257	0	1,728
RANGE RES CORP	COM	75281A109	847	15,853	SH		SOLE		14,755	0	1,098
RED ROBIN GOURMET BURGERS INC	COM	75689M101	17,206	223,533	SH		SOLE		181,507	0	42,026
ROADRUNNER TRNSN SVCS HLDG	COM	76973Q105	2,841	121,656	SH		SOLE		97,841	0	23,815
SABA SOFTWARE	COM	784932600	181	22,191	SH		SOLE		22,191	0	0
SPIRIT AIRLS INC	COM	848577102	41,212	545,280	SH		SOLE		438,812	0	106,468
SBA COMMUNICATIONS CORP CL A	COM	78388J106	2,249	20,304	SH		SOLE		18,899	0	1,405
SINCLAIR BROADCAST GROUP INCCL A	COM	829226109	1,030	37,632	SH		SOLE		35,465	0	2,167
SIGNATURE BK NEW YORK N Y	COM	82669G104	2,915	23,141	SH		SOLE		21,567	0	1,574
STARBUCKS CORP	COM	855244109	507	6,178	SH		SOLE		6,178	0	0
SELECT COMFORT CORPORATION	COM	81616X103	219	8,120	SH		SOLE		8,120	0	0
SEI INVESTMENTS COMPANY	COM	784117103	3,575	89,293	SH		SOLE		31,052	0	58,241
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	6,749	468,678	SH		SOLE		15,141	0	453,537
SAFEGUARD SCIENTIFICS INC	COM	786449207	9,726	490,704	SH		SOLE		50,044	0	440,660
SPROUTS FARMERS MARKET	COM	85208M102	3,069	90,311	SH		SOLE		84,868	0	5,443
SCIENTIFIC GAMES CORP	COM	80874P109	6,357	499,339	SH		SOLE		400,319	0	99,020
SIENTRA INC	COM	82621J105	3,562	212,160	SH		SOLE		171,710	0	40,450
SIGNET JEWELERS LTD	COM	G81276100	2,049	15,572	SH		SOLE		14,599	0	973
SVB FINL GROUP	COM	78486Q101	1,317	11,348	SH		SOLE		10,562	0	786
SCHLUMBERGER	COM	806857108	337	3,946	SH		SOLE		3,946	0	0
SALIX PHARMACEUTICALS LTD	COM	795435106	2,741	23,846	SH		SOLE		22,356	0	1,490
SANCHEZ ENERGY CORP	COM	79970Y105	6,149	661,858	SH		SOLE		567,184	0	94,674
INVENTURE FOODS INC	COM	461212102	3,657	287,074	SH		SOLE		232,714	0	54,360
SEQUENTIAL BRANDS GROUP INC	COM	817340201	9,811	750,679	SH		SOLE		611,239	0	139,440
SQUARE 1 FINANCIAL INC	COM	85223W101	10,617	429,825	SH		SOLE		351,767	0	78,058
S & T BANCORP INC	COM	783859101	7,301	244,923	SH		SOLE		25,828	0	219,095
SKYWORKS SOLUTIONS INC	COM	83088M102	2,377	32,691	SH		SOLE		30,713	0	1,978
SYNAPTICS INC	COM	87157D109	878	12,753	SH		SOLE		11,981	0	772
A T & T INC	COM	00206R102	995	29,635	SH		SOLE		29,635	0	0
TELEFLEX INC	COM	879369106	6,195	53,955	SH		SOLE		2,097	0	51,858
TALMAR BANCORP INC - CL A	COM	87482X101	9,455	673,411	SH		SOLE		542,422	0	130,989
TETRELOGIC PHARMACEUTICALS	COM	88165U109	788	163,540	SH		SOLE		6,660	0	156,880
TILLY`S INC-CLASS A SHRS	COM	886885102	3,861	398,421	SH		SOLE		323,809	0	74,612
TIMKENSTEEL CORP	COM	887399103	258	6,957	SH		SOLE		6,957	0	0
TENNANT CO	COM	880345103	8,214	113,820	SH		SOLE		92,730	0	21,090
TOLL BROS INC	COM	889478103	2,203	64,285	SH		SOLE		2,705	0	61,580
TUTOR PERINI CORPORATION	COM	901109108	13,675	568,148	SH		SOLE		461,468	0	106,680
TRIBUNE MEDIA COMPANY	COM	896047503	839	14,042	SH		SOLE		13,070	0	972
TREX INC	COM	89531P105	20,065	471,219	SH		SOLE		349,853	0	121,366
TRISTATE CAPITAL HOLDINGS	COM	89678F100	2,635	257,283	SH		SOLE		10,667	0	246,616
TEXAS INSTRUMENTS INC	COM	882508104	333	6,226	SH		SOLE		6,226	0	0
UNDER ARMOUR INC	COM	904311107	2,319	34,155	SH		SOLE		31,965	0	2,190
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	4,987	44,821	SH		SOLE		4,739	0	40,082
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	18,952	129,086	SH		SOLE		85,979	0	43,107
UNITEDHEALTH GROUP INC	COM	91324P102	352	3,479	SH		SOLE		3,479	0	0
UNION PAC CORP	COM	907818108	332	2,785	SH		SOLE		2,785	0	0
UNITED PARCEL SVC INC CL B	COM	911312106	216	1,941	SH		SOLE		1,941	0	0
URBAN OUTFITTERS INC	COM	917047102	4,904	139,585	SH		SOLE		6,170	0	133,415
UNITED RENTALS INC	COM	911363109	1,409	13,810	SH		SOLE		12,931	0	879
US BANCORP DEL	COM	902973304	298	6,624	SH		SOLE		6,624	0	0
USG CORP	COM	903293405	367	13,125	SH		SOLE		13,125	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	2,617	20,209	SH		SOLE		18,942	0	1,267
UNITED TECHNOLOGIES CORP	COM	913017109	337	2,931	SH		SOLE		2,931	0	0
UNIVEST CORP PA	COM	915271100	2,692	132,999	SH		SOLE		13,857	0	119,142
VISA INC-CLASS A	COM	92826C839	291	1,109	SH		SOLE		1,109	0	0
VIRGIN AMERICA INC	COM	92765X208	8,125	187,850	SH		SOLE		154,280	0	33,570
VONAGE HOLDINGS CORP	COM	92886T201	3,044	798,974	SH		SOLE		633,424	0	165,550
VALERO ENERGY CORP	COM	91913Y100	290	5,853	SH		SOLE		5,853	0	0
VERTEX PHARM	COM	92532F100	667	5,613	SH		SOLE		5,225	0	388
VISHAY INTERTECHNOLOGY INC	COM	928298108	4,495	317,676	SH		SOLE		13,250	0	304,426
VWR CORP	COM	91843L103	3,021	116,790	SH		SOLE		5,080	0	111,710
VERIZONMUNICATIONS	COM	92343V104	1,060	22,649	SH		SOLE		22,649	0	0
WABTEC CORPORATION	COM	929740108	25,175	289,732	SH		SOLE		67,637	0	222,095
WESCO AIRCRAFT HOLDINGS	COM	950814103	285	20,400	SH		SOLE		20,400	0	0
WESCO INTL INC	COM	95082P105	22,597	296,504	SH		SOLE		140,667	0	155,837
WELLCARE HEALTH PLANS INC	COM	94946T106	13,246	161,414	SH		SOLE		131,944	0	29,470
WISDOMTREE INVTS INC	COM	97717P104	276	17,584	SH		SOLE		17,584	0	0
WELLS FARGO	COM	949746101	1,270	23,172	SH		SOLE		23,172	0	0
WAL MART STORES INC	COM	931142103	896	10,436	SH		SOLE		10,436	0	0
WILLIAMS SONOMA INC	COM	969904101	1,455	19,226	SH		SOLE		17,895	0	1,331
WEST PHARMACEUTICAL SVCS INC	COM	955306105	4,236	79,560	SH		SOLE		2,700	0	76,860
AQUA AMERICA INC	COM	03836W103	6,864	257,081	SH		SOLE		10,640	0	246,441
WYNN RESORTS LTD	COM	983134107	1,705	11,462	SH		SOLE		10,760	0	702
UNITED STATES STEEL CORP	COM	912909108	1,797	67,190	SH		SOLE		1,610	0	65,580
EXXON CORPORATION	COM	30231G102	2,100	22,715	SH		SOLE		22,715	0	0
INTREXON CORP	COM	46122T102	18,183	660,476	SH		SOLE		455,099	0	205,377
EXONE CO	COM	302104104	629	37,448	SH		SOLE		2,825	0	34,623
IXIA	COM	45071R109	261	23,181	SH		SOLE		23,181	0	0
YAHOO INC	COM	984332106	390	7,730	SH		SOLE		7,730	0	0
ZIOPHARM ONCOLOGY INC	COM	98973P101	1,336	263,508	SH		SOLE		214,438	0	49,070
ZS PHARMA INC	COM	98979G105	7,385	177,662	SH		SOLE		144,672	0	32,990