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
Estimated average burden
hours per response:		23.8

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	955	7,612	SH		SOLE		7,612	0	0
ABAXIS INC	COM	002567105	11,248	218,483	SH		SOLE		179,713	0	38,770
AMERISOURCEBERGEN CORP	COM	03073E105	5,861	55,117	SH		SOLE		680	0	54,437
ACADIA HEALTHCAREPANY INC	COM	00404A109	29,917	381,936	SH		SOLE		303,615	0	78,321
ACTUA CORP	COM	005094107	6,713	470,778	SH		SOLE		22,142	0	448,636
ADAMAS PHARMACEUTICALS INC	COM	00548A106	9,143	348,721	SH		SOLE		289,330	0	59,391
ALLIANCE DATA SYS CORP	COM	018581108	3,377	11,567	SH		SOLE		11,038	0	529
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	24,590	1,427,999	SH		SOLE		724,111	0	703,888
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	7,749	390,782	SH		SOLE		201,533	0	189,249
ARGO GROUP INTL HLDGS LTD	COM	G0464B107	1,514	27,190	SH		SOLE		27,190	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	1,364	19,534	SH		SOLE		18,576	0	958
AKEBIA THERAPEUTICS INC	COM	00972D105	442	42,910	SH		SOLE		42,910	0	0
AKORN INC	COM	009728106	3,369	77,172	SH		SOLE		73,932	0	3,240
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	5,165	43,085	SH		SOLE		33,229	0	9,856
ALARM.COM HOLDINGS INC	COM	011642105	3,988	259,300	SH		SOLE		214,170	0	45,130
AMETEK INC	COM	031100100	11,836	216,069	SH		SOLE		6,694	0	209,375
AFFILIATED MANAGERS GROUP INC	COM	008252108	5,200	23,787	SH		SOLE		22,733	0	1,054
THE ANDERSONS INC	COM	034164103	433	11,096	SH		SOLE		11,096	0	0
ANSYS INC	COM	03662Q105	15,317	167,879	SH		SOLE		6,972	0	160,907
APOGEE ENTERPRISES INC	COM	037598109	29,667	563,576	SH		SOLE		454,990	0	108,586
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	7,292	958,217	SH		SOLE		821,387	0	136,830
AIRGAS INC	COM	009363102	2,838	26,830	SH		SOLE		640	0	26,190
ARAMARK	COM	03852U106	3,552	114,700	SH		SOLE		1,420	0	113,280
ARRIS GROUP INC	COM	04270V106	450	14,714	SH		SOLE		14,714	0	0
ATRICURE INC	COM	04963C209	13,839	561,648	SH		SOLE		461,008	0	100,640
ASTRONICS CORP	COM	046433108	22,263	314,056	SH		SOLE		245,972	0	68,084
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	1,501	11,292	SH		SOLE		10,739	0	553
HOMEAWAY INC	COM	43739Q100	18,628	598,581	SH		SOLE		495,662	0	102,919
ARMSTRONG WORLD INDS INC	COM	04247X102	8,987	168,680	SH		SOLE		5,960	0	162,720
AXALTA COATING SYSTEMS LTD	COM	G0750C108	4,599	139,040	SH		SOLE		3,560	0	135,480
ACUITY BRANDS INC	COM	00508Y102	4,549	25,276	SH		SOLE		10,463	0	14,813
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	2,473	664,746	SH		SOLE		539,951	0	124,795
BLACK BOX CORPORATION	COM	091826107	1,092	54,609	SH		SOLE		2,280	0	52,329
BRUNSWICK CORP	COM	117043109	3,865	76,000	SH		SOLE		72,748	0	3,252
BLACK DIAMOND INC	COM	09202G101	672	72,739	SH		SOLE		72,739	0	0
BIOTELEMETRY INC	COM	090672106	5,883	623,837	SH		SOLE		46,947	0	576,890
BE AEROSPACE INC	COM	073302101	1,847	33,650	SH		SOLE		32,112	0	1,538
BELLICUM PHARMACEUTICALS INC	COM	079481107	4,233	198,992	SH		SOLE		161,632	0	37,360
BLUEBIRD BIO INC	COM	09609G100	10,265	60,967	SH		SOLE		51,738	0	9,229
BRYN MAWR BK CORP	COM	117665109	7,331	243,083	SH		SOLE		10,385	0	232,698
BOFI HLDG INC	COM	05566U108	5,994	56,698	SH		SOLE		46,708	0	9,990
BON-TON STORES INC	COM	09776J101	1,737	375,922	SH		SOLE		15,839	0	360,083
BURNHAM HLDGS INC CL A	COM	122295108	1,182	62,200	SH		SOLE		1,070	0	61,130
BURLINGTON STORES INC	COM	122017106	10,798	210,904	SH		SOLE		172,954	0	37,950
BORGWARNER INC	COM	099724106	2,074	36,494	SH		SOLE		34,707	0	1,787
CITIGROUP INC	COM	172967424	264	4,786	SH		SOLE		4,786	0	0
CAI INTERNATIONAL INC	COM	12477X106	905	43,934	SH		SOLE		43,934	0	0
AVIS BUDGET GROUP INC	COM	053774105	2,065	46,839	SH		SOLE		44,746	0	2,093
CAVIUM INC	COM	14964U108	21,453	311,774	SH		SOLE		203,905	0	107,869
CHRISTOPHER & BANKS COPR	COM	171046105	3,718	927,282	SH		SOLE		759,925	0	167,357
CABOT CORP	COM	127055101	589	15,786	SH		SOLE		15,786	0	0
CALGON CARBON CORP COM	COM	129603106	2,110	108,860	SH		SOLE		4,570	0	104,290
CCFNB BANCORP INC	COM	124880105	514	12,969	SH		SOLE		505	0	12,464
CROWN HOLDINGS INC	COM	228368106	11,464	216,671	SH		SOLE		8,126	0	208,545
CNB FINL CORP PA	COM	126128107	9,499	516,223	SH		SOLE		25,487	0	490,736
CEDAR SHOPPING CTRS INC	COM	150602209	1,019	159,168	SH		SOLE		159,168	0	0
CHEGG INC	COM	163092109	11,158	1,423,225	SH		SOLE		1,178,035	0	245,190
CHEMTURA CORPORATION	COM	163893209	789	27,880	SH		SOLE		380	0	27,500
CHUY`S HOLDINGS INC	COM	171604101	11,355	423,849	SH		SOLE		349,929	0	73,920
CIENA CORP	COM	171779309	8,608	363,494	SH		SOLE		299,346	0	64,148
CANTEL MEDICAL CORP	COM	138098108	9,030	168,246	SH		SOLE		138,526	0	29,720
CHIMERIX INC	COM	16934W106	7,802	168,865	SH		SOLE		138,845	0	30,020
CONNECTONE BANCORP INC	COM	20786W107	12,360	574,092	SH		SOLE		471,393	0	102,699
CONSOL ENERGY INC	COM	20854P109	1,350	62,109	SH		SOLE		861	0	61,248
COBIZ INC	COM	190897108	6,711	513,494	SH		SOLE		415,588	0	97,906
CABOT OIL & GAS CORP	COM	127097103	2,148	68,118	SH		SOLE		64,797	0	3,321
CYRUSONE INC	COM	23283R100	1,069	36,294	SH		SOLE		36,294	0	0
CEPHEID	COM	15670R107	23,433	383,206	SH		SOLE		282,894	0	100,312
CALIFORNIA REP BANCORP	COM	13056P100	204	6,935	SH		SOLE		6,935	0	0
CARPENTER TECHNOLOGY CORP	COM	144285103	1,179	30,483	SH		SOLE		784	0	29,699
CORNERSTONE ONDEMAND INC	COM	21925Y103	1,274	36,599	SH		SOLE		35,512	0	1,087
CARRIAGE SVCS INC	COM	143905107	1,295	54,221	SH		SOLE		54,221	0	0
CUBESMART	COM	229663109	11,253	485,880	SH		SOLE		17,420	0	468,460
CUSTOMERS BANCORP INC	COM	23204G100	21,055	783,012	SH		SOLE		248,953	0	534,059
CODORUS VALLEY BANCORP	COM	192025104	1,352	66,827	SH		SOLE		2,557	0	64,270
CITIZENS FINL SVCS INC	COM	174615104	2,131	43,492	SH		SOLE		1,115	0	42,377
CITIZENS & NORTHERN CORP	COM	172922106	1,646	80,111	SH		SOLE		2,175	0	77,936
DEPOMED INC	COM	249908104	21,660	1,009,301	SH		SOLE		844,303	0	164,998
DONEGAL GROUP INC J CL A	COM	257701201	2,146	140,913	SH		SOLE		5,590	0	135,323
DISNEY WALT PRODTNS	COM	254687106	631	5,525	SH		SOLE		5,525	0	0
DICKS SPORTING GOODS INC	COM	253393102	2,625	50,714	SH		SOLE		1,295	0	49,419
CHANNELADVISOR CORP	COM	159179100	7,846	656,590	SH		SOLE		520,370	0	136,220
EAGLE BANCORP INC MD	COM	268948106	609	13,847	SH		SOLE		13,847	0	0
8X8 INC NEW	COM	282914100	12,216	1,363,339	SH		SOLE		1,066,522	0	296,817
EMPLOYERS HOLDINGS INC	COM	292218104	939	41,217	SH		SOLE		41,217	0	0
EKSO BIONICS HOLDINGS INC	COM	282644103	77	67,820	SH		SOLE		67,820	0	0
EMCOR GROUP INC	COM	29084Q100	974	20,386	SH		SOLE		20,386	0	0
ENPHASE ENERGY, INC	COM	29355A107	172	22,580	SH		SOLE		22,580	0	0
ENERSYS	COM	29275Y102	8,611	122,502	SH		SOLE		5,397	0	117,105
EPAM SYSTEMS INC	COM	29414B104	48,963	687,395	SH		SOLE		395,441	0	291,954
EQT CORP	COM	26884L109	2,242	27,566	SH		SOLE		341	0	27,225
ERIE INDTY CO CL A	COM	29530P102	2,801	34,124	SH		SOLE		1,305	0	32,819
ENVIRONMENTAL TECTONICS CORP	COM	294092101	92	82,764	SH		SOLE		0	0	82,764
ENTERCOMMUNICATIONS CORP	COM	293639100	3,515	307,773	SH		SOLE		7,450	0	300,323
ENTEROMEDICS INC	COM	29365M208	33	53,080	SH		SOLE		53,080	0	0
EVERYDAY HEALTH INC	COM	300415106	3,746	293,117	SH		SOLE		241,912	0	51,205
EXELON CORPORATION	COM	30161N101	725	23,086	SH		SOLE		21,955	0	1,131
EAGLE MATLS INC	COM	26969P108	3,966	51,954	SH		SOLE		49,682	0	2,272
DIAMONDBACK ENERGY INC	COM	25278X109	2,386	31,655	SH		SOLE		30,309	0	1,346
FARO TECHNOLOGIES INC	COM	311642102	17,369	371,928	SH		SOLE		304,370	0	67,558
FACEBOOK INC	COM	30303M102	755	8,804	SH		SOLE		8,804	0	0
FCB FINANCIAL HOLDINGS INC	COM	30255G103	13,943	438,469	SH		SOLE		362,899	0	75,570
FIRST COMMONWEALTH FINANCIAL CORPORATION	COM	319829107	2,163	225,545	SH		SOLE		5,780	0	219,765
FIBROCELL SCIENCE INC	COM	315721209	1,278	242,547	SH		SOLE		28,970	0	213,577
1ST FIN BANCORP	COM	320209109	666	37,151	SH		SOLE		37,151	0	0
FLUSHING FINL CORP	COM	343873105	913	43,437	SH		SOLE		43,437	0	0
FEDERATED INVESTORS INC	COM	314211103	1,648	49,200	SH		SOLE		1,680	0	47,520
FITBIT INC	COM	33812L102	4,320	113,000	SH		SOLE		94,920	0	18,080
FIVE BELOW	COM	33829M101	17,073	431,891	SH		SOLE		232,071	0	199,820
FOOT LOCKER INC	COM	344849104	3,695	55,140	SH		SOLE		52,782	0	2,358
FIRSTMERIT CORPORATION	COM	337915102	792	38,025	SH		SOLE		38,025	0	0
F N B CORP PA	COM	302520101	3,267	228,165	SH		SOLE		9,165	0	219,000
FIRST NBC BANK HOLDING CO	COM	32115D106	15,041	417,810	SH		SOLE		335,650	0	82,160
AMICUS THERAPEUTICS INC	COM	03152W109	15,560	1,099,630	SH		SOLE		920,730	0	178,900
FRANKLIN FINANCIAL SERVICES CORPORATION	COM	353525108	592	24,106	SH		SOLE		1,076	0	23,030
REPUBLIC FIRST BANCORP INC	COM	760416107	389	112,157	SH		SOLE		1,370	0	110,787
1ST MERCHANTS	COM	320817109	1,068	43,257	SH		SOLE		43,257	0	0
LB FOSTER CO	COM	350060109	995	28,748	SH		SOLE		772	0	27,976
FORTINET INC	COM	34959E109	4,664	112,851	SH		SOLE		108,017	0	4,834
FOX CHASE BANCORP INC NEW	COM	35137T108	3,116	184,136	SH		SOLE		10,426	0	173,710
GLOBAL CASH ACCESS HLD	COM	378967103	989	127,833	SH		SOLE		127,833	0	0
GIGAMON INC	COM	37518B102	13,285	402,706	SH		SOLE		330,755	0	71,951
GAMING AND LEISURE PROPERTIES INC.	COM	36467J108	3,553	96,914	SH		SOLE		3,642	0	93,272
GLU MOBILE INC	COM	379890106	18,024	2,902,341	SH		SOLE		2,212,552	0	689,789
GREEN MTN COFFEE ROASTERS INCOM	COM	49271M100	896	11,696	SH		SOLE		11,160	0	536
GNC HOLDINGS INC	COM	36191G107	2,663	59,861	SH		SOLE		3,752	0	56,109
GENERAC HOLDINGS INC	COM	368736104	543	13,670	SH		SOLE		13,670	0	0
GOOGLE INC CL C	COM	38259P706	385	739	SH		SOLE		739	0	0
GOOGLE INC CL A	COM	38259P508	442	819	SH		SOLE		819	0	0
GULFPORT ENERGY CORP	COM	402635304	3,283	81,556	SH		SOLE		78,373	0	3,183
GSV CAP CORP	COM	36191J101	6,591	639,266	SH		SOLE		510,349	0	128,917
GRAY TELEVISION INC	COM	389375106	1,212	77,273	SH		SOLE		77,273	0	0
GTT COMMUNICATIONS INC	COM	362393100	19,004	796,139	SH		SOLE		658,687	0	137,452
GREAT WESTERN BANCORP INC	COM	391416104	641	26,575	SH		SOLE		26,575	0	0
GUIDEWIRE SOFTWARE INC	COM	40171V100	13,491	254,876	SH		SOLE		206,716	0	48,160
GREAT PLAINS ENERGY INC	COM	391164100	625	25,854	SH		SOLE		25,854	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	2,898	44,008	SH		SOLE		41,971	0	2,037
HARMAN INTERNATIONAL	COM	413086109	2,477	20,828	SH		SOLE		19,936	0	892
HEALTHCARE SVCS GROUP INC	COM	421906108	3,356	101,547	SH		SOLE		3,987	0	97,560
H&E EQUIPMENT SERVICES INC	COM	404030108	215	10,778	SH		SOLE		10,778	0	0
HEICO CORPORATION	COM	422806109	7,528	129,125	SH		SOLE		105,775	0	23,350
HFF INC CLASS A	COM	40418F108	5,244	125,670	SH		SOLE		5,370	0	120,300
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	2,636	95,676	SH		SOLE		90,871	0	4,805
HSN INC	COM	404303109	3,002	42,773	SH		SOLE		40,675	0	2,098
HERSHA HOSPITALITY TR PRIORITY A SHS	COM	427825500	4,703	183,420	SH		SOLE		7,432	0	175,988
MARINEMAX INC	COM	567908108	16,726	711,429	SH		SOLE		589,169	0	122,260
IBERIABANK CORP	COM	450828108	987	14,463	SH		SOLE		14,463	0	0
INSTALLED BUILDING PRODUCTS	COM	45780R101	5,884	240,350	SH		SOLE		191,890	0	48,460
IntercontinentalExchange Group, Inc	COM	45866F104	1,020	4,562	SH		SOLE		4,562	0	0
ICONIX BRAND GROUP INC	COM	451055107	555	22,244	SH		SOLE		22,244	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	16,294	67,504	SH		SOLE		45,272	0	22,232
INTERVAL LEISURE GROUP	COM	46113M108	896	39,199	SH		SOLE		39,199	0	0
IMAX CORP	COM	45245E109	3,635	90,270	SH		SOLE		86,289	0	3,981
IMPERVA INC	COM	45321L100	37,442	553,063	SH		SOLE		429,303	0	123,760
INOGEN INC	COM	45780L104	11,421	256,070	SH		SOLE		246,110	0	9,960
INOVIO PHARMACEUTICALS INC	COM	45773H201	2,354	288,486	SH		SOLE		11,856	0	276,630
INSMED INC	COM	457669307	10,329	422,959	SH		SOLE		346,849	0	76,110
INTUIT INC	COM	461202103	1,600	15,876	SH		SOLE		15,098	0	778
IPG PHOTONICS CORP	COM	44980X109	25,195	295,807	SH		SOLE		217,855	0	77,952
INPHI CORP	COM	45772F107	8,956	391,782	SH		SOLE		319,082	0	72,700
JACK IN THE BOX INC	COM	466367109	27,355	310,288	SH		SOLE		232,867	0	77,421
JARDEN CORP	COM	471109108	4,308	83,245	SH		SOLE		79,183	0	4,062
JAKKS PACIFIC	COM	47012E106	351	35,482	SH		SOLE		35,482	0	0
JONES SODA CO	COM	48023P106	21	65,640	SH		SOLE		65,640	0	0
KFORCE INC	COM	493732101	17,172	750,831	SH		SOLE		610,996	0	139,835
KORN FERRY INTERNATIONAL	COM	500643200	8,595	247,199	SH		SOLE		210,126	0	37,073
KING DIGITAL EN	COM	G5258J109	937	65,723	SH		SOLE		62,499	0	3,224
KNOLL INC	COM	498904200	17,686	706,579	SH		SOLE		284,058	0	422,521
K2M GROUP HOLDINGS INC	COM	48273J107	13,972	581,694	SH		SOLE		483,953	0	97,741
QUAKER CHEM CORP	COM	747316107	1,041	11,716	SH		SOLE		516	0	11,200
LAZARD LTD-CL A	COM	G54050102	3,083	54,827	SH		SOLE		52,229	0	2,598
LDR HOLDING CORP	COM	50185U105	4,236	97,931	SH		SOLE		75,231	0	22,700
LIONS GATE ENTERTAINMENT CORP	COM	535919203	4,254	114,819	SH		SOLE		109,800	0	5,019
LINKEDIN CORP	COM	53578A108	2,877	13,924	SH		SOLE		13,241	0	683
LIBERTY PPTY TR SH BEN INT	COM	531172104	7,627	236,705	SH		SOLE		9,365	0	227,340
LAM RESEARCH	COM	512807108	965	11,858	SH		SOLE		11,273	0	585
LEGACYTEXAS FINANCIAL GROUP	COM	52471Y106	775	25,668	SH		SOLE		25,668	0	0
SOUTHWEST AIR	COM	844741108	4,016	121,365	SH		SOLE		116,065	0	5,300
MID-AMER APT CMNTYS INC	COM	59522J103	1,933	26,552	SH		SOLE		25,253	0	1,299
MASCO CORP	COM	574599106	1,550	58,124	SH		SOLE		55,273	0	2,851
MATTHEWS INTL CORP CL A	COM	577128101	15,829	297,869	SH		SOLE		120,785	0	177,084
MALIBU BOATS INC-CLASS A	COM	56117J100	5,697	283,575	SH		SOLE		231,045	0	52,530
MILACRON HOLDINGS CORP	COM	59870L106	4,341	220,580	SH		SOLE		180,510	0	40,070
METRO BANCORP INC	COM	59161R101	2,514	96,185	SH		SOLE		4,010	0	92,175
MAGELLAN HEALTH SVCS	COM	559079207	875	12,485	SH		SOLE		12,485	0	0
MACROGENICS INC	COM	556099109	14,461	380,859	SH		SOLE		310,299	0	70,560
MCGRAW HILL FINANCIAL INC	COM	580645109	3,284	32,688	SH		SOLE		31,084	0	1,604
MIDDLEBY CORP	COM	596278101	5,531	49,287	SH		SOLE		35,843	0	13,444
MARCUS & MILLICHAP INC	COM	566324109	14,939	323,780	SH		SOLE		188,720	0	135,060
MODEL N INC	COM	607525102	7,970	669,193	SH		SOLE		554,541	0	114,652
MARINUS PHARMACEUTICALS INC	COM	56854Q101	2,151	185,462	SH		SOLE		15,834	0	169,628
MICROSEMI CORP	COM	595137100	24,839	710,691	SH		SOLE		557,008	0	153,683
MICROSTRATEGY INC	COM	594972408	21,586	126,916	SH		SOLE		93,000	0	33,916
MYLAN NV	COM	N59465109	4,736	69,793	SH		SOLE		34,357	0	35,436
NEUROCRINE BIOSCIENCES, INC	COM	64125C109	22,230	465,446	SH		SOLE		348,086	0	117,360
NEONODE INC	COM	64051M402	118	40,067	SH		SOLE		40,067	0	0
NICE SYSTEMS LTD ADR	COM	653656108	658	10,341	SH		SOLE		10,341	0	0
SERVICENOW INC	COM	81762P102	2,924	39,344	SH		SOLE		37,665	0	1,679
NATIONAL PENN BANCSHARES INCCOM	COM	637138108	4,746	420,750	SH		SOLE		18,320	0	402,430
NUTRI SYS INC NEW	COM	67069D108	4,415	177,467	SH		SOLE		6,358	0	171,109
NORTHUMBERLAND BANCORP	COM	667056105	230	8,938	SH		SOLE		0	0	8,938
NORTHWEST BANCSHARES INC MD	COM	667340103	2,546	198,567	SH		SOLE		3,760	0	194,807
CORP OFFICE PRO	COM	22002T108	888	37,705	SH		SOLE		37,705	0	0
OMNICELL INC	COM	68213N109	1,135	30,095	SH		SOLE		30,095	0	0
ON SEMICONDUCTOR CORPORATION	COM	682189105	1,453	124,311	SH		SOLE		118,221	0	6,090
SPARK THERAPEUTICS INC	COM	84652J103	1,512	25,084	SH		SOLE		625	0	24,459
OPUS BANK	COM	684000102	23,418	647,277	SH		SOLE		511,011	0	136,266
ORBCOMM INC	COM	68555P100	186	27,484	SH		SOLE		27,484	0	0
ORION MARINE GROUP, INC	COM	68628V308	154	21,275	SH		SOLE		21,275	0	0
ORRSTOWN FINL SVCS INC	COM	687380105	4,085	252,486	SH		SOLE		13,103	0	239,383
ORASURE TECHNOLOGIES INC	COM	68554V108	3,081	571,560	SH		SOLE		14,350	0	557,210
BANK OF THE OZARKS INC	COM	063904106	27,997	611,958	SH		SOLE		502,036	0	109,922
PANDORA MEDIA INC	COM	698354107	4,683	301,331	SH		SOLE		266,861	0	34,470
PACWEST BANCORP DEL	COM	695263103	4,048	86,562	SH		SOLE		82,360	0	4,202
PALO ALTO NETWORKS, INC	COM	697435105	2,567	14,695	SH		SOLE		14,070	0	625
PEP BOYS MANNY MOE & JACK	COM	713278109	4,106	334,635	SH		SOLE		9,326	0	325,309
PENNSYLVANIA REAL ESTATE INVSHS BEN INT	COM	709102107	4,411	206,718	SH		SOLE		7,792	0	198,926
PEOPLES FINANCIAL SERVICES CORP	COM	711040105	2,727	68,841	SH		SOLE		2,903	0	65,938
PROOFPOINT INC	COM	743424103	28,031	440,249	SH		SOLE		340,294	0	99,955
PROVIDENT FINL SVCS INC	COM	74386T105	917	48,275	SH		SOLE		48,275	0	0
PREMIERE GLOBAL SVCS INC	COM	740585104	1,088	105,740	SH		SOLE		105,740	0	0
PGT, INC.	COM	69336V101	6,653	458,527	SH		SOLE		376,037	0	82,490
POLARIS INDS INC	COM	731068102	3,139	21,191	SH		SOLE		20,151	0	1,040
PIERIS PHARMACEUTICALS INC	COM	720795103	144	52,263	SH		SOLE		52,263	0	0
DAVE & BUSTER`S ENTERTAINMENT INC.	COM	238337109	13,123	363,617	SH		SOLE		299,880	0	63,737
Plug Power, Inc	COM	72919P202	25	10,015	SH		SOLE		10,015	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	9,167	168,606	SH		SOLE		136,996	0	31,610
POLYONE CORPORATION	COM	73179P106	10,279	262,412	SH		SOLE		217,342	0	45,070
PACIFIC PREMIER BANCORP	COM	69478X105	6,164	363,453	SH		SOLE		299,369	0	64,084
PPG INDUSTRIES INC	COM	693506107	2,166	18,878	SH		SOLE		18,014	0	864
PERFICIENT INC	COM	71375U101	992	51,562	SH		SOLE		51,562	0	0
PORTOLA PHARMACEUTICALS INC	COM	737010108	19,685	432,166	SH		SOLE		351,495	0	80,671
PENN VIRGINIA CORP	COM	707882106	2,533	578,378	SH		SOLE		14,897	0	563,481
PRIVATEBANCORP INC	COM	742962103	7,900	198,400	SH		SOLE		168,760	0	29,640
PENNS WOODS BANCORP INC	COM	708430103	2,829	64,166	SH		SOLE		3,611	0	60,555
PIXELWORKS INC	COM	72581M305	3,590	610,523	SH		SOLE		515,473	0	95,050
QLIK TECHNOLOGIES INC	COM	74733T105	29,549	845,225	SH		SOLE		473,108	0	372,117
RITE AID CORP	COM	767754104	5,856	701,289	SH		SOLE		27,283	0	674,006
ULTRAGENYX PHARMACEUTICAL INC	COM	90400D108	7,125	69,590	SH		SOLE		57,220	0	12,370
ROYAL BANCSHARES OF PENNSYLVANIA INC	COM	780081105	3,616	1,807,774	SH		SOLE		77,780	0	1,729,994
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	2,152	27,349	SH		SOLE		26,141	0	1,208
RADIAN GROUP INC	COM	750236101	5,343	284,810	SH		SOLE		10,980	0	273,830
Real Industry Inc.	COM	75601W104	497	43,779	SH		SOLE		43,779	0	0
RENTRAK CORP	COM	760174102	18,950	271,491	SH		SOLE		223,006	0	48,485
REX ENERGY CORPORATION	COM	761565100	8,968	1,604,343	SH		SOLE		894,170	0	710,173
RICE ENERGY	COM	762760106	3,346	160,640	SH		SOLE		14,880	0	145,760
ROSS STORES INC	COM	778296103	1,414	29,092	SH		SOLE		27,666	0	1,426
RAMCO-GERSHENSON PROPERTI	COM	751452202	958	58,718	SH		SOLE		58,718	0	0
RED ROBIN GOURMET BURGERS INC	COM	75689M101	20,905	243,586	SH		SOLE		188,360	0	55,226
ROADRUNNER TRNSN SVCS HLDG	COM	76973Q105	13,294	515,261	SH		SOLE		424,246	0	91,015
RUDOLPH TECHNOLOGIES INC	COM	781270103	522	43,486	SH		SOLE		43,486	0	0
SPIRIT AIRLS INC	COM	848577102	29,655	477,532	SH		SOLE		389,947	0	87,585
SBA COMMUNICATIONS CORP CL A	COM	78388J106	2,285	19,873	SH		SOLE		18,899	0	974
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,084	7,406	SH		SOLE		7,062	0	344
STARBUCKS CORP	COM	855244109	500	9,318	SH		SOLE		9,318	0	0
SEI INVESTMENTS COMPANY	COM	784117103	6,762	137,918	SH		SOLE		49,156	0	88,762
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	5,212	321,698	SH		SOLE		6,461	0	315,237
SAFEGUARD SCIENTIFICS INC	COM	786449207	8,954	460,101	SH		SOLE		19,441	0	440,660
SPROUTS FARMERS MARKET	COM	85208M102	2,787	103,314	SH		SOLE		98,898	0	4,416
SCIENTIFIC GAMES CORP	COM	80874P109	2,396	154,184	SH		SOLE		126,754	0	27,430
MADDEN STEVEN LTD	COM	556269108	11,679	272,996	SH		SOLE		224,546	0	48,450
SIGNET JEWELERS LTD	COM	G81276100	2,423	18,892	SH		SOLE		18,059	0	833
SIGMA DESIGNS INC	COM	826565103	4,038	338,450	SH		SOLE		277,160	0	61,290
SVB FINL GROUP	COM	78486Q101	1,937	13,451	SH		SOLE		12,791	0	660
SOLERA HOLDINGS INC	COM	83421A104	816	18,307	SH		SOLE		18,307	0	0
SM ENERGY CO	COM	78454L100	956	20,729	SH		SOLE		19,711	0	1,018
SUPER MICRO COMPUTER INC	COM	86800U104	10,743	363,197	SH		SOLE		299,927	0	63,270
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	14,225	311,055	SH		SOLE		256,885	0	54,170
SUPERIOR ENERGY SVCS INC	COM	868157108	1,295	61,535	SH		SOLE		59,405	0	2,130
SEQUENTIAL BRANDS GROUP INC	COM	817340201	13,438	878,870	SH		SOLE		668,432	0	210,438
STONERIDGE INC	COM	86183P102	841	71,786	SH		SOLE		71,786	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	10,654	350,127	SH		SOLE		288,807	0	61,320
S & T BANCORP INC	COM	783859101	6,758	228,384	SH		SOLE		9,289	0	219,095
SKYWORKS SOLUTIONS INC	COM	83088M102	2,640	25,358	SH		SOLE		24,273	0	1,085
SYNAPTICS INC	COM	87157D109	3,589	41,375	SH		SOLE		36,055	0	5,320
SYNERGY RESOURCES CORPORATION	COM	87164P103	7,734	676,676	SH		SOLE		557,336	0	119,340
TELADOC INC	COM	87918A105	236	13,880	SH		SOLE		11,450	0	2,430
TELEFLEX INC	COM	879369106	7,297	53,875	SH		SOLE		2,017	0	51,858
TRIUMPH GROUP INC	COM	896818101	2,653	40,207	SH		SOLE		1,627	0	38,580
INTERFACE INC	COM	458665304	9,073	362,198	SH		SOLE		297,838	0	64,360
TILLY`S INC-CLASS A SHRS	COM	886885102	5,492	567,895	SH		SOLE		469,863	0	98,032
TENNANT CO	COM	880345103	9,008	137,870	SH		SOLE		113,590	0	24,280
TOLL BROS INC	COM	889478103	4,574	119,775	SH		SOLE		4,145	0	115,630
TUTOR PERINI CORPORATION	COM	901109108	13,011	602,936	SH		SOLE		496,256	0	106,680
LENDINGTREE INC	COM	52603B107	20,757	264,045	SH		SOLE		217,855	0	46,190
TREX INC	COM	89531P105	24,709	499,881	SH		SOLE		377,645	0	122,236
TRISTATE CAPITAL HOLDINGS	COM	89678F100	3,266	252,600	SH		SOLE		5,984	0	246,616
TETRA TECHNOLOGIES	COM	88162F105	158	24,798	SH		SOLE		24,798	0	0
UNDER ARMOUR INC	COM	904311107	2,794	33,485	SH		SOLE		31,965	0	1,520
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	5,944	41,827	SH		SOLE		1,745	0	40,082
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	4,098	24,939	SH		SOLE		849	0	24,090
URBAN OUTFITTERS INC	COM	917047102	5,650	161,435	SH		SOLE		6,450	0	154,985
UNITED RENTALS INC	COM	911363109	1,164	13,287	SH		SOLE		12,751	0	536
UNITED THERAPEUTICS CORP DEL	COM	91307C102	1,184	6,809	SH		SOLE		6,517	0	292
UNIVEST CORP PA	COM	915271100	2,528	124,151	SH		SOLE		5,009	0	119,142
VIRGIN AMERICA INC	COM	92765X208	6,433	234,102	SH		SOLE		200,532	0	33,570
VASCO DATA SECURITY INTERNATIONAL INC	COM	92230Y104	244	8,071	SH		SOLE		8,071	0	0
VEEVA SYSTEMS INC	COM	922475108	22,154	790,369	SH		SOLE		660,397	0	129,972
VONAGE HOLDINGS CORP	COM	92886T201	16,465	3,353,459	SH		SOLE		2,786,039	0	567,420
VIRTU FINANCIAL INC CLASS A	COM	928254101	9,777	416,400	SH		SOLE		339,920	0	76,480
VISHAY INTERTECHNOLOGY INC	COM	928298108	2,062	176,521	SH		SOLE		4,535	0	171,986
VIAD CORP	COM	92552R406	786	29,009	SH		SOLE		29,009	0	0
VWR CORP	COM	91843L103	3,118	116,630	SH		SOLE		4,920	0	111,710
WABTEC CORPORATION	COM	929740108	26,091	276,853	SH		SOLE		55,703	0	221,150
WESCO INTL INC	COM	95082P105	1,116	16,259	SH		SOLE		415	0	15,844
WELLCARE HEALTH PLANS INC	COM	94946T106	15,940	187,910	SH		SOLE		154,660	0	33,250
WALKER & DUNLOP INC	COM	93148P102	21,473	803,018	SH		SOLE		661,228	0	141,790
WILSHIRE BANCORP INC	COM	97186T108	1,256	99,456	SH		SOLE		99,456	0	0
WHITING PETROLEUM CORPORATION	COM	966387102	1,748	52,030	SH		SOLE		49,716	0	2,314
WABASH NAT	COM	929566107	593	47,271	SH		SOLE		47,271	0	0
WEST PHARMACEUTICAL SVCS INC	COM	955306105	5,397	92,920	SH		SOLE		2,700	0	90,220
AQUA AMERICA INC	COM	03836W103	6,288	256,771	SH		SOLE		10,330	0	246,441
WHITEWAVE FOODS COMPANY	COM	966244105	553	11,314	SH		SOLE		10,759	0	555
XCERRA CORP	COM	98400J108	972	128,452	SH		SOLE		128,452	0	0
INTREXON CORP	COM	46122T102	31,952	654,764	SH		SOLE		460,543	0	194,221
EXONE CO	COM	302104104	416	37,448	SH		SOLE		2,825	0	34,623
IXIA	COM	45071R109	288	23,181	SH		SOLE		23,181	0	0
ZIOPHARM ONCOLOGY INC	COM	98973P101	6,033	502,770	SH		SOLE		403,636	0	99,134
ZS PHARMA INC	COM	98979G105	9,581	182,877	SH		SOLE		150,847	0	32,030