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	1,074	9,735	SH		SOLE		9,735	0	0
ABAXIS INC	COM	002567105	9,794	222,637	SH		SOLE		187,587	0	35,050
AMERISOURCEBERGEN CORP	COM	03073E105	5,236	55,117	SH		SOLE		680	0	54,437
ABC BANCORP	COM	03076K108	597	20,760	SH		SOLE		20,760	0	0
ACADIA HEALTHCAREPANY INC	COM	00404A109	25,710	387,962	SH		SOLE		315,431	0	72,531
ACTUA CORP	COM	005094107	6,347	539,737	SH		SOLE		23,252	0	516,485
ADAMAS PHARMACEUTICALS INC	COM	00548A106	5,884	351,521	SH		SOLE		297,380	0	54,141
ALLIANCE DATA SYS CORP	COM	018581108	2,967	11,458	SH		SOLE		10,929	0	529
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	24,000	1,535,502	SH		SOLE		802,084	0	733,418
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	4,301	232,488	SH		SOLE		196,078	0	36,410
ARGO GROUP INTL HLDGS LTD	COM	G0464B107	1,260	22,269	SH		SOLE		22,269	0	0
AIMMUNE THERAPEUTICS INC	COM	00900T107	1,042	41,140	SH		SOLE		34,800	0	6,340
AKAMAI TECHNOLOGIES INC	COM	00971T101	1,732	25,084	SH		SOLE		23,840	0	1,244
AKEBIA THERAPEUTICS INC	COM	00972D105	415	42,910	SH		SOLE		42,910	0	0
AKORN INC	COM	009728106	2,853	100,077	SH		SOLE		95,790	0	4,287
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	2,450	30,483	SH		SOLE		29,144	0	1,339
ALARM.COM HOLDINGS INC	COM	011642105	6,748	578,741	SH		SOLE		492,141	0	86,600
AMETEK INC	COM	031100100	11,305	216,069	SH		SOLE		6,694	0	209,375
AFFILIATED MANAGERS GROUP INC	COM	008252108	4,031	23,574	SH		SOLE		22,520	0	1,054
ANSYS INC	COM	03662Q105	14,797	167,879	SH		SOLE		6,972	0	160,907
APOGEE ENTERPRISES INC	COM	037598109	25,999	582,280	SH		SOLE		474,174	0	108,106
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	5,926	995,952	SH		SOLE		859,122	0	136,830
AIRGAS INC	COM	009363102	2,397	26,830	SH		SOLE		640	0	26,190
ARAMARK	COM	03852U106	4,490	151,500	SH		SOLE		3,910	0	147,590
ARRIS GROUP INC	COM	04270V106	668	25,722	SH		SOLE		25,722	0	0
ATRICURE INC	COM	04963C209	13,410	612,039	SH		SOLE		511,399	0	100,640
ASTRONICS CORP	COM	046433108	8,327	205,960	SH		SOLE		174,194	0	31,766
ACTIVISION BLIZZARD INC	COM	00507V109	1,633	52,868	SH		SOLE		50,246	0	2,622
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	1,778	14,224	SH		SOLE		13,518	0	706
HOMEAWAY INC	COM	43739Q100	8,463	318,882	SH		SOLE		288,370	0	30,512
ARMSTRONG WORLD INDS INC	COM	04247X102	8,053	168,680	SH		SOLE		5,960	0	162,720
AXALTA COATING SYSTEMS LTD	COM	G0750C108	7,377	291,138	SH		SOLE		65,347	0	225,791
ACUITY BRANDS INC	COM	00508Y102	4,428	25,217	SH		SOLE		10,404	0	14,813
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	1,579	584,795	SH		SOLE		502,931	0	81,864
BLACK BOX CORPORATION	COM	091826107	791	53,669	SH		SOLE		1,340	0	52,329
BRUNSWICK CORP	COM	117043109	2,495	52,095	SH		SOLE		49,793	0	2,302
BONANZA CREEK ENERGY INC	COM	097793103	107	26,206	SH		SOLE		26,206	0	0
BIOTELEMETRY INC	COM	090672106	7,341	599,793	SH		SOLE		39,023	0	560,770
BELLICUM PHARMACEUTICALS INC	COM	079481107	2,240	154,180	SH		SOLE		129,890	0	24,290
BLUEBIRD BIO INC	COM	09609G100	5,969	69,769	SH		SOLE		60,961	0	8,808
BRYN MAWR BK CORP	COM	117665109	7,553	243,083	SH		SOLE		10,385	0	232,698
BOFI HLDG INC	COM	05566U108	8,900	69,085	SH		SOLE		59,095	0	9,990
BON-TON STORES INC	COM	09776J101	2,080	662,380	SH		SOLE		27,399	0	634,981
BURNHAM HLDGS INC CL A	COM	122295108	1,118	62,200	SH		SOLE		1,070	0	61,130
BURLINGTON STORES INC	COM	122017106	14,963	293,170	SH		SOLE		245,100	0	48,070
CITIGROUP INC	COM	172967424	342	6,892	SH		SOLE		6,892	0	0
AVIS BUDGET GROUP INC	COM	053774105	2,490	57,013	SH		SOLE		54,507	0	2,506
CAVIUM INC	COM	14964U108	12,991	211,687	SH		SOLE		179,458	0	32,229
CHRISTOPHER & BANKS COPR	COM	171046105	36	32,091	SH		SOLE		32,091	0	0
CALGON CARBON CORP COM	COM	129603106	1,696	108,860	SH		SOLE		4,570	0	104,290
CCFNB BANCORP INC	COM	124880105	545	12,969	SH		SOLE		505	0	12,464
CROWN HOLDINGS INC	COM	228368106	9,913	216,671	SH		SOLE		8,126	0	208,545
CNB FINL CORP PA	COM	126128107	9,457	520,489	SH		SOLE		26,177	0	494,312
CEDAR SHOPPING CTRS INC	COM	150602209	985	158,587	SH		SOLE		158,587	0	0
CONFORMIS INC	COM	20717E101	4,280	236,981	SH		SOLE		195,181	0	41,800
CHEGG INC	COM	163092109	11,975	1,660,892	SH		SOLE		1,400,642	0	260,250
CHEMTURA CORPORATION	COM	163893209	811	28,330	SH		SOLE		830	0	27,500
CHUY`S HOLDINGS INC	COM	171604101	11,958	421,040	SH		SOLE		353,660	0	67,380
CIENA CORP	COM	171779309	7,896	381,062	SH		SOLE		322,604	0	58,458
CLIFFS NATURAL RESOURCES INC	COM	18683K101	157	64,525	SH		SOLE		64,525	0	0
CANTEL MEDICAL CORP	COM	138098108	11,859	209,151	SH		SOLE		176,111	0	33,040
CHIMERIX INC	COM	16934W106	6,593	172,599	SH		SOLE		145,489	0	27,110
CONNECTONE BANCORP INC	COM	20786W107	12,099	626,890	SH		SOLE		524,191	0	102,699
COBIZ INC	COM	190897108	4,180	321,325	SH		SOLE		267,719	0	53,606
CYRUSONE INC	COM	23283R100	1,171	35,853	SH		SOLE		35,853	0	0
CEPHEID	COM	15670R107	17,961	397,374	SH		SOLE		301,581	0	95,793
CALIFORNIA REP BANCORP	COM	13056P100	204	6,935	SH		SOLE		6,935	0	0
CORNERSTONE ONDEMAND INC	COM	21925Y103	12,317	373,240	SH		SOLE		322,320	0	50,920
CARRIAGE SVCS INC	COM	143905107	1,157	53,599	SH		SOLE		53,599	0	0
CUBESMART	COM	229663109	10,830	398,000	SH		SOLE		17,190	0	380,810
CUSTOMERS BANCORP INC	COM	23204G100	20,647	803,378	SH		SOLE		269,319	0	534,059
CODORUS VALLEY BANCORP	COM	192025104	1,357	66,827	SH		SOLE		2,557	0	64,270
CITIZENS FINL SVCS INC	COM	174615104	2,094	43,492	SH		SOLE		1,115	0	42,377
CITIZENS & NORTHERN CORP	COM	172922106	2,851	146,075	SH		SOLE		3,845	0	142,230
DUCOMMUN INCORPORATED	COM	264147109	424	21,131	SH		SOLE		21,131	0	0
DONEGAL GROUP INC J CL A	COM	257701201	1,981	140,913	SH		SOLE		5,590	0	135,323
DISNEY WALT PRODTNS	COM	254687106	542	5,302	SH		SOLE		5,302	0	0
DICKS SPORTING GOODS INC	COM	253393102	4,052	81,684	SH		SOLE		2,115	0	79,569
CHANNELADVISOR CORP	COM	159179100	5,927	596,239	SH		SOLE		510,016	0	86,223
EAGLE BANCORP INC MD	COM	268948106	628	13,794	SH		SOLE		13,794	0	0
8X8 INC NEW	COM	282914100	11,793	1,425,983	SH		SOLE		1,129,166	0	296,817
EGALET CORP	COM	28226B104	1,693	128,430	SH		SOLE		5,470	0	122,960
EMPLOYERS HOLDINGS INC	COM	292218104	915	41,072	SH		SOLE		41,072	0	0
EMCOR GROUP INC	COM	29084Q100	899	20,312	SH		SOLE		20,312	0	0
ENERSYS	COM	29275Y102	3,246	60,588	SH		SOLE		14,793	0	45,795
EPAM SYSTEMS INC	COM	29414B104	50,867	682,594	SH		SOLE		402,920	0	279,674
EQT CORP	COM	26884L109	1,227	18,940	SH		SOLE		18,001	0	939
ERIE INDTY CO CL A	COM	29530P102	2,830	34,124	SH		SOLE		1,305	0	32,819
ENVIRONMENTAL TECTONICS CORP	COM	294092101	87	82,764	SH		SOLE		0	0	82,764
ENTERCOMMUNICATIONS CORP	COM	293639100	3,127	307,773	SH		SOLE		7,450	0	300,323
EVERYDAY HEALTH INC	COM	300415106	2,020	220,981	SH		SOLE		183,076	0	37,905
EVERI HOLDINGS INC	COM	30034T103	955	186,240	SH		SOLE		186,240	0	0
EXELON CORPORATION	COM	30161N101	679	22,852	SH		SOLE		21,721	0	1,131
EAGLE MATLS INC	COM	26969P108	2,320	33,907	SH		SOLE		32,414	0	1,493
DIAMONDBACK ENERGY INC	COM	25278X109	2,027	31,380	SH		SOLE		30,034	0	1,346
FARO TECHNOLOGIES INC	COM	311642102	13,071	373,461	SH		SOLE		316,663	0	56,798
FACEBOOK INC	COM	30303M102	980	10,896	SH		SOLE		10,896	0	0
FCB FINANCIAL HOLDINGS INC	COM	30255G103	15,232	466,953	SH		SOLE		392,623	0	74,330
FIRST COMMONWEALTH FINANCIAL CORPORATION	COM	319829107	2,050	225,545	SH		SOLE		5,780	0	219,765
FIBROCELL SCIENCE INC	COM	315721209	1,249	324,425	SH		SOLE		31,380	0	293,045
1ST FIN BANCORP	COM	320209109	634	33,233	SH		SOLE		33,233	0	0
FLUSHING FINL CORP	COM	343873105	797	39,799	SH		SOLE		39,799	0	0
FEDERATED INVESTORS INC	COM	314211103	2,561	88,620	SH		SOLE		3,800	0	84,820
FITBIT INC	COM	33812L102	2,839	75,316	SH		SOLE		72,044	0	3,272
FIVE BELOW	COM	33829M101	20,515	610,923	SH		SOLE		317,749	0	293,174
FOOT LOCKER INC	COM	344849104	2,746	38,161	SH		SOLE		36,516	0	1,645
FMC CORP	COM	302491303	1,082	31,900	SH		SOLE		820	0	31,080
F N B CORP PA	COM	302520101	2,955	228,165	SH		SOLE		9,165	0	219,000
FIRST NBC BANK HOLDING CO	COM	32115D106	14,206	405,429	SH		SOLE		335,799	0	69,630
AMICUS THERAPEUTICS INC	COM	03152W109	16,106	1,151,230	SH		SOLE		978,530	0	172,700
FRANKLIN FINANCIAL SERVICES CORPORATION	COM	353525108	552	24,106	SH		SOLE		1,076	0	23,030
REPUBLIC FIRST BANCORP INC	COM	760416107	417	112,157	SH		SOLE		1,370	0	110,787
1ST MERCHANTS	COM	320817109	1,130	43,080	SH		SOLE		43,080	0	0
FRESHPET INC	COM	358039105	2,924	278,448	SH		SOLE		7,180	0	271,268
FORTINET INC	COM	34959E109	2,432	57,259	SH		SOLE		54,766	0	2,493
FOX CHASE BANCORP INC NEW	COM	35137T108	3,197	184,136	SH		SOLE		10,426	0	173,710
GIGAMON INC	COM	37518B102	10,038	501,626	SH		SOLE		415,875	0	85,751
GAMING AND LEISURE PROPERTIES INC.	COM	36467J108	2,878	96,914	SH		SOLE		3,642	0	93,272
GLU MOBILE INC	COM	379890106	12,976	2,969,330	SH		SOLE		2,324,521	0	644,809
GNC HOLDINGS INC	COM	36191G107	2,420	59,861	SH		SOLE		3,752	0	56,109
GENERAC HOLDINGS INC	COM	368736104	630	20,936	SH		SOLE		20,936	0	0
GOOGLE INC CL C	COM	38259P706	450	739	SH		SOLE		739	0	0
GOOGLE INC CL A	COM	38259P508	523	819	SH		SOLE		819	0	0
GULFPORT ENERGY CORP	COM	402635304	248	8,352	SH		SOLE		8,352	0	0
GSV CAP CORP	COM	36191J101	5,228	666,004	SH		SOLE		537,087	0	128,917
GRAY TELEVISION INC	COM	389375106	903	70,740	SH		SOLE		70,740	0	0
GTT COMMUNICATIONS INC	COM	362393100	19,292	829,387	SH		SOLE		695,935	0	133,452
GREAT WESTERN BANCORP INC	COM	391416104	867	34,158	SH		SOLE		34,158	0	0
GUIDEWIRE SOFTWARE INC	COM	40171V100	14,156	269,224	SH		SOLE		225,644	0	43,580
GREAT PLAINS ENERGY INC	COM	391164100	696	25,762	SH		SOLE		25,762	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	2,249	43,581	SH		SOLE		41,544	0	2,037
HARMAN INTERNATIONAL	COM	413086109	3,347	34,867	SH		SOLE		33,313	0	1,554
HEALTHCARE SVCS GROUP INC	COM	421906108	3,422	101,547	SH		SOLE		3,987	0	97,560
HFF INC CLASS A	COM	40418F108	4,243	125,670	SH		SOLE		5,370	0	120,300
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	2,224	96,945	SH		SOLE		92,140	0	4,805
HSN INC	COM	404303109	1,315	22,968	SH		SOLE		21,829	0	1,139
HERSHA HOSPITALITY TR PRIORITY A SHS	COM	427825500	4,156	183,420	SH		SOLE		7,432	0	175,988
HEADWATERS INC	COM	42210P102	7,910	420,768	SH		SOLE		353,568	0	67,200
MARINEMAX INC	COM	567908108	6,738	476,864	SH		SOLE		396,144	0	80,720
IBERIABANK CORP	COM	450828108	675	11,598	SH		SOLE		11,598	0	0
INSTALLED BUILDING PRODUCTS	COM	45780R101	7,295	288,570	SH		SOLE		236,670	0	51,900
IntercontinentalExchange Group, Inc	COM	45866F104	1,076	4,577	SH		SOLE		4,577	0	0
ICONIX BRAND GROUP INC	COM	451055107	569	42,090	SH		SOLE		42,090	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	11,510	69,398	SH		SOLE		48,487	0	20,911
INTERVAL LEISURE GROUP	COM	46113M108	906	49,332	SH		SOLE		49,332	0	0
IMAX CORP	COM	45245E109	4,203	124,377	SH		SOLE		118,898	0	5,479
IMPRIVATA INC	COM	45323J103	4,663	262,424	SH		SOLE		219,964	0	42,460
IMPERVA INC	COM	45321L100	28,671	437,854	SH		SOLE		334,214	0	103,640
INOGEN INC	COM	45780L104	6,506	133,997	SH		SOLE		124,037	0	9,960
INOVIO PHARMACEUTICALS INC	COM	45773H201	2,420	418,646	SH		SOLE		15,296	0	403,350
INOVALON HOLDIN	COM	45781D101	3,818	183,290	SH		SOLE		154,710	0	28,580
INSMED INC	COM	457669307	8,982	483,657	SH		SOLE		400,257	0	83,400
INTUIT INC	COM	461202103	1,937	21,829	SH		SOLE		20,746	0	1,083
IPG PHOTONICS CORP	COM	44980X109	14,556	191,604	SH		SOLE		155,066	0	36,538
INPHI CORP	COM	45772F107	8,090	336,539	SH		SOLE		283,479	0	53,060
JACK IN THE BOX INC	COM	466367109	26,301	341,398	SH		SOLE		263,757	0	77,641
JARDEN CORP	COM	471109108	4,029	82,423	SH		SOLE		78,361	0	4,062
JAKKS PACIFIC	COM	47012E106	158	18,494	SH		SOLE		18,494	0	0
JETBLUE AIRWAYS CORP	COM	477143101	2,460	95,465	SH		SOLE		91,355	0	4,110
JONES SODA CO	COM	48023P106	26	65,640	SH		SOLE		65,640	0	0
KFORCE INC	COM	493732101	19,704	749,778	SH		SOLE		631,973	0	117,805
KORN FERRY INTERNATIONAL	COM	500643200	11,095	335,496	SH		SOLE		290,661	0	44,835
KNOLL INC	COM	498904200	13,583	617,965	SH		SOLE		280,398	0	337,567
KONA GRILL INC	COM	50047H201	278	17,650	SH		SOLE		17,650	0	0
K2M GROUP HOLDINGS INC	COM	48273J107	11,927	641,235	SH		SOLE		532,804	0	108,431
LAZARD LTD-CL A	COM	G54050102	2,448	56,531	SH		SOLE		53,933	0	2,598
LIONS GATE ENTERTAINMENT CORP	COM	535919203	3,332	90,555	SH		SOLE		86,682	0	3,873
LINKEDIN CORP	COM	53578A108	2,634	13,856	SH		SOLE		13,173	0	683
LIVE OAK BANCSHARES INC	COM	53803X105	9,259	471,418	SH		SOLE		410,258	0	61,160
LIBERTY PPTY TR SH BEN INT	COM	531172104	7,459	236,705	SH		SOLE		9,365	0	227,340
LAM RESEARCH	COM	512807108	2,311	35,367	SH		SOLE		33,613	0	1,754
SOUTHWEST AIR	COM	844741108	5,081	133,573	SH		SOLE		127,845	0	5,728
MID-AMER APT CMNTYS INC	COM	59522J103	2,151	26,276	SH		SOLE		24,977	0	1,299
MASCO CORP	COM	574599106	1,575	62,539	SH		SOLE		59,488	0	3,051
MATTHEWS INTL CORP CL A	COM	577128101	15,474	315,996	SH		SOLE		139,762	0	176,234
MALIBU BOATS INC-CLASS A	COM	56117J100	4,063	290,609	SH		SOLE		246,519	0	44,090
MILACRON HOLDINGS CORP	COM	59870L106	3,964	225,855	SH		SOLE		189,615	0	36,240
MERCER INTERNATIONAL INC	COM	588056101	359	35,780	SH		SOLE		35,780	0	0
MAGELLAN HEALTH SVCS	COM	559079207	690	12,440	SH		SOLE		12,440	0	0
MACROGENICS INC	COM	556099109	8,102	378,258	SH		SOLE		318,798	0	59,460
MCGRAW HILL FINANCIAL INC	COM	580645109	2,815	32,539	SH		SOLE		30,935	0	1,604
MAGNUM HUNTER RES CORP DEL	COM	55973B102	49	142,767	SH		SOLE		142,767	0	0
MIDDLEBY CORP	COM	596278101	4,559	43,336	SH		SOLE		30,165	0	13,171
MEAD JOHNSON NUTRITION	COM	582839106	856	12,165	SH		SOLE		11,641	0	524
MARTIN MARIETTA MATERIALS INC	COM	573284106	1,889	12,433	SH		SOLE		11,887	0	546
MALVERN BANCORP INC	COM	561409103	356	22,733	SH		SOLE		1,660	0	21,073
MARCUS & MILLICHAP INC	COM	566324109	15,234	331,245	SH		SOLE		196,185	0	135,060
MONSTER BEVERAGE CORPORATION	COM	61174X109	2,076	15,361	SH		SOLE		14,653	0	708
MODEL N INC	COM	607525102	6,622	661,530	SH		SOLE		557,878	0	103,652
MID PENN BANCORP INC	COM	59540G107	464	28,579	SH		SOLE		900	0	27,679
MARINUS PHARMACEUTICALS INC	COM	56854Q101	1,572	188,522	SH		SOLE		18,894	0	169,628
MICROSEMI CORP	COM	595137100	20,350	620,037	SH		SOLE		493,964	0	126,073
MICROSOFT CORP	COM	594918104	500	11,307	SH		SOLE		11,307	0	0
MICROSTRATEGY INC	COM	594972408	26,072	132,701	SH		SOLE		99,785	0	32,916
MA-COM TECHNOLOGY SOLUTIONS	COM	55405Y100	2,442	84,250	SH		SOLE		68,850	0	15,400
MASTEC INC	COM	576323109	583	36,836	SH		SOLE		36,836	0	0
MYLAN NV	COM	N59465109	1,393	34,599	SH		SOLE		889	0	33,710
NEUROCRINE BIOSCIENCES, INC	COM	64125C109	10,625	267,027	SH		SOLE		226,507	0	40,520
NEONODE INC	COM	64051M402	98	40,067	SH		SOLE		40,067	0	0
NEOS THERAPEUTICS INC	COM	64052L106	6,751	321,313	SH		SOLE		264,083	0	57,230
NICE SYSTEMS LTD ADR	COM	653656108	580	10,302	SH		SOLE		10,302	0	0
SERVICENOW INC	COM	81762P102	2,088	30,066	SH		SOLE		28,818	0	1,248
NUTRI SYS INC NEW	COM	67069D108	4,706	177,467	SH		SOLE		6,358	0	171,109
NORTHUMBERLAND BANCORP	COM	667056105	250	8,938	SH		SOLE		0	0	8,938
NORTHWEST BANCSHARES INC MD	COM	667340103	2,581	198,567	SH		SOLE		3,760	0	194,807
CORP OFFICE PRO	COM	22002T108	790	37,569	SH		SOLE		37,569	0	0
OLLIE`S BARGAIN OUTLET HOLDINGS	COM	681116109	6,313	390,387	SH		SOLE		23,880	0	366,507
ON SEMICONDUCTOR CORPORATION	COM	682189105	1,157	123,069	SH		SOLE		116,979	0	6,090
OPUS BANK	COM	684000102	23,603	617,225	SH		SOLE		520,869	0	96,356
ORBCOMM INC	COM	68555P100	153	27,484	SH		SOLE		27,484	0	0
ORION MARINE GROUP, INC	COM	68628V308	127	21,275	SH		SOLE		21,275	0	0
ORRSTOWN FINL SVCS INC	COM	687380105	4,322	256,373	SH		SOLE		13,537	0	242,836
ORASURE TECHNOLOGIES INC	COM	68554V108	2,538	571,560	SH		SOLE		14,350	0	557,210
OVASCIENCE INC	COM	69014Q101	2,675	315,121	SH		SOLE		267,861	0	47,260
BANK OF THE OZARKS INC	COM	063904106	25,276	577,614	SH		SOLE		486,072	0	91,542
PANDORA MEDIA INC	COM	698354107	6,901	323,399	SH		SOLE		288,225	0	35,174
PACWEST BANCORP DEL	COM	695263103	2,239	52,293	SH		SOLE		49,720	0	2,573
PALO ALTO NETWORKS, INC	COM	697435105	2,506	14,567	SH		SOLE		13,942	0	625
PEP BOYS MANNY MOE & JACK	COM	713278109	4,079	334,635	SH		SOLE		9,326	0	325,309
PENNSYLVANIA REAL ESTATE INVSHS BEN INT	COM	709102107	4,099	206,718	SH		SOLE		7,792	0	198,926
PENUMBRA INC	COM	70975L107	603	15,040	SH		SOLE		12,720	0	2,320
PEOPLES FINANCIAL SERVICES CORP	COM	711040105	2,952	84,518	SH		SOLE		3,318	0	81,200
PROOFPOINT INC	COM	743424103	23,281	385,962	SH		SOLE		301,297	0	84,665
PROVIDENT FINL SVCS INC	COM	74386T105	938	48,103	SH		SOLE		48,103	0	0
PREMIERE GLOBAL SVCS INC	COM	740585104	1,128	82,093	SH		SOLE		82,093	0	0
PGT, INC.	COM	69336V101	8,139	662,782	SH		SOLE		560,982	0	101,800
POLARIS INDS INC	COM	731068102	822	6,856	SH		SOLE		6,516	0	340
PIERIS PHARMACEUTICALS INC	COM	720795103	96	52,263	SH		SOLE		52,263	0	0
DAVE & BUSTER`S ENTERTAINMENT INC.	COM	238337109	14,172	374,614	SH		SOLE		317,147	0	57,467
PLANET FITNESS INC	COM	72703H101	5,448	317,860	SH		SOLE		270,170	0	47,690
Plug Power, Inc	COM	72919P202	18	10,015	SH		SOLE		10,015	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	8,346	168,923	SH		SOLE		140,373	0	28,550
POLYONE CORPORATION	COM	73179P106	7,866	268,106	SH		SOLE		227,486	0	40,620
PACIFIC PREMIER BANCORP	COM	69478X105	8,635	424,959	SH		SOLE		358,235	0	66,724
PPG INDUSTRIES INC	COM	693506107	1,640	18,704	SH		SOLE		17,840	0	864
PERFICIENT INC	COM	71375U101	793	51,377	SH		SOLE		51,377	0	0
PTC THERAPEUTICS INC	COM	69366J200	601	22,514	SH		SOLE		21,552	0	962
PORTOLA PHARMACEUTICALS INC	COM	737010108	8,114	190,388	SH		SOLE		160,847	0	29,541
PENN VIRGINIA CORP	COM	707882106	329	620,889	SH		SOLE		15,997	0	604,892
PRIVATEBANCORP INC	COM	742962103	14,267	372,212	SH		SOLE		315,512	0	56,700
PENNS WOODS BANCORP INC	COM	708430103	5,823	142,305	SH		SOLE		5,221	0	137,084
PIXELWORKS INC	COM	72581M305	2,249	623,097	SH		SOLE		528,047	0	95,050
PAYPAL HOLDINGS INC	COM	70450Y103	1,939	62,470	SH		SOLE		59,879	0	2,591
QLIK TECHNOLOGIES INC	COM	74733T105	31,673	868,948	SH		SOLE		494,821	0	374,127
RITE AID CORP	COM	767754104	1,518	250,060	SH		SOLE		6,444	0	243,616
REGAL BELOIT CORPORATION	COM	758750103	489	8,664	SH		SOLE		8,664	0	0
ROYAL BANCSHARES OF PENNSYLVANIA INC	COM	780081105	3,832	1,807,774	SH		SOLE		77,780	0	1,729,994
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	3,239	36,355	SH		SOLE		34,789	0	1,566
RADIAN GROUP INC	COM	750236101	4,531	284,810	SH		SOLE		10,980	0	273,830
Real Industry Inc.	COM	75601W104	645	73,109	SH		SOLE		73,109	0	0
RENTRAK CORP	COM	760174102	18,418	340,636	SH		SOLE		287,391	0	53,245
REX ENERGY CORPORATION	COM	761565100	3,305	1,596,764	SH		SOLE		914,621	0	682,143
RICE ENERGY	COM	762760106	3,774	233,553	SH		SOLE		84,312	0	149,241
RELYPSA INC	COM	759531106	4,735	255,830	SH		SOLE		217,630	0	38,200
ROSS STORES INC	COM	778296103	1,396	28,802	SH		SOLE		27,376	0	1,426
RAMCO-GERSHENSON PROPERTI	COM	751452202	878	58,508	SH		SOLE		58,508	0	0
RED ROBIN GOURMET BURGERS INC	COM	75689M101	21,064	278,108	SH		SOLE		220,932	0	57,176
ROADRUNNER TRNSN SVCS HLDG	COM	76973Q105	7,961	432,662	SH		SOLE		362,647	0	70,015
RUDOLPH TECHNOLOGIES INC	COM	781270103	539	43,328	SH		SOLE		43,328	0	0
SPIRIT AIRLS INC	COM	848577102	17,735	374,957	SH		SOLE		304,603	0	70,354
SBA COMMUNICATIONS CORP CL A	COM	78388J106	2,061	19,673	SH		SOLE		18,699	0	974
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,475	10,725	SH		SOLE		10,213	0	512
STARBUCKS CORP	COM	855244109	530	9,318	SH		SOLE		9,318	0	0
SEI INVESTMENTS COMPANY	COM	784117103	6,631	137,479	SH		SOLE		48,717	0	88,762
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	2,775	257,138	SH		SOLE		5,671	0	251,467
SAFEGUARD SCIENTIFICS INC	COM	786449207	7,150	460,101	SH		SOLE		19,441	0	440,660
MADDEN STEVEN LTD	COM	556269108	14,239	388,821	SH		SOLE		344,981	0	43,840
SIGNET JEWELERS LTD	COM	G81276100	2,406	17,674	SH		SOLE		16,889	0	785
SIGMA DESIGNS INC	COM	826565103	4,026	584,299	SH		SOLE		493,169	0	91,130
SVB FINL GROUP	COM	78486Q101	1,958	16,950	SH		SOLE		16,110	0	840
SM ENERGY CO	COM	78454L100	907	28,307	SH		SOLE		26,904	0	1,403
SUPER MICRO COMPUTER INC	COM	86800U104	10,508	385,488	SH		SOLE		322,218	0	63,270
SNAP-ON INC	COM	833034101	1,666	11,038	SH		SOLE		10,491	0	547
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	10,399	317,031	SH		SOLE		268,171	0	48,860
SUPERIOR ENERGY SVCS INC	COM	868157108	228	18,078	SH		SOLE		18,078	0	0
SEQUENTIAL BRANDS GROUP INC	COM	817340201	13,810	954,403	SH		SOLE		743,965	0	210,438
STONERIDGE INC	COM	86183P102	883	71,525	SH		SOLE		71,525	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	11,652	362,891	SH		SOLE		307,401	0	55,490
S & T BANCORP INC	COM	783859101	7,450	228,384	SH		SOLE		9,289	0	219,095
SOLARWINDS INC	COM	83416B109	1,640	41,787	SH		SOLE		39,907	0	1,880
SKYWORKS SOLUTIONS INC	COM	83088M102	3,536	41,993	SH		SOLE		40,134	0	1,859
SYNAPTICS INC	COM	87157D109	5,060	61,369	SH		SOLE		53,924	0	7,445
SYNERGY RESOURCES CORPORATION	COM	87164P103	7,127	727,248	SH		SOLE		612,908	0	114,340
TELADOC INC	COM	87918A105	2,422	108,680	SH		SOLE		89,660	0	19,020
TELEFLEX INC	COM	879369106	6,692	53,875	SH		SOLE		2,017	0	51,858
TRIUMPH GROUP INC	COM	896818101	831	19,740	SH		SOLE		510	0	19,230
INTERFACE INC	COM	458665304	12,283	547,387	SH		SOLE		461,127	0	86,260
TILLY`S INC-CLASS A SHRS	COM	886885102	4,471	607,447	SH		SOLE		509,415	0	98,032
TENNANT CO	COM	880345103	8,078	143,784	SH		SOLE		119,504	0	24,280
TOLL BROS INC	COM	889478103	5,750	167,945	SH		SOLE		5,985	0	161,960
TUTOR PERINI CORPORATION	COM	901109108	10,732	652,003	SH		SOLE		548,193	0	103,810
LENDINGTREE INC	COM	52603B107	22,941	246,603	SH		SOLE		208,213	0	38,390
TREX INC	COM	89531P105	17,776	533,341	SH		SOLE		417,475	0	115,866
TRISTATE CAPITAL HOLDINGS	COM	89678F100	3,990	319,950	SH		SOLE		8,264	0	311,686
TETRA TECHNOLOGIES	COM	88162F105	147	24,798	SH		SOLE		24,798	0	0
TILE SHOP HLDGS INC	COM	88677Q109	2,286	190,820	SH		SOLE		165,440	0	25,380
UNDER ARMOUR INC	COM	904311107	2,386	24,650	SH		SOLE		23,537	0	1,113
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	5,220	41,827	SH		SOLE		1,745	0	40,082
ULTA SALON COSMETICS & FRAGR	COM	90384S303	933	5,709	SH		SOLE		5,426	0	283
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	4,464	24,939	SH		SOLE		849	0	24,090
URBAN OUTFITTERS INC	COM	917047102	5,035	171,375	SH		SOLE		6,380	0	164,995
UNITED THERAPEUTICS CORP DEL	COM	91307C102	886	6,749	SH		SOLE		6,457	0	292
UNIVEST CORP PA	COM	915271100	2,400	124,851	SH		SOLE		5,269	0	119,582
VIRGIN AMERICA INC	COM	92765X208	9,406	274,801	SH		SOLE		232,751	0	42,050
VEEVA SYSTEMS INC	COM	922475108	21,149	903,405	SH		SOLE		784,393	0	119,012
VONAGE HOLDINGS CORP	COM	92886T201	24,010	4,083,301	SH		SOLE		3,472,921	0	610,380
VIRTU FINANCIAL INC CLASS A	COM	928254101	10,249	447,167	SH		SOLE		370,687	0	76,480
VULCAN MATERIALS COMPANY	COM	929160109	890	9,982	SH		SOLE		9,487	0	495
VISHAY INTERTECHNOLOGY INC	COM	928298108	1,710	176,521	SH		SOLE		4,535	0	171,986
VIAD CORP	COM	92552R406	838	28,900	SH		SOLE		28,900	0	0
VWR CORP	COM	91843L103	2,996	116,630	SH		SOLE		4,920	0	111,710
WABTEC CORPORATION	COM	929740108	24,338	276,413	SH		SOLE		55,263	0	221,150
WELLCARE HEALTH PLANS INC	COM	94946T106	21,810	253,070	SH		SOLE		216,331	0	36,739
WALKER & DUNLOP INC	COM	93148P102	20,365	780,885	SH		SOLE		654,415	0	126,470
WISDOMTREE INVTS INC	COM	97717P104	204	12,624	SH		SOLE		12,624	0	0
WHIRLPOOL CORPORATION	COM	963320106	3,946	26,795	SH		SOLE		25,592	0	1,203
WILSHIRE BANCORP INC	COM	97186T108	525	49,909	SH		SOLE		49,909	0	0
WEIS MARKETS INC	COM	948849104	2,547	61,001	SH		SOLE		2,056	0	58,945
WABASH NAT	COM	929566107	499	47,111	SH		SOLE		47,111	0	0
WEST PHARMACEUTICAL SVCS INC	COM	955306105	5,029	92,920	SH		SOLE		2,700	0	90,220
AQUA AMERICA INC	COM	03836W103	6,797	256,771	SH		SOLE		10,330	0	246,441
WHITEWAVE FOODS COMPANY	COM	966244105	601	14,979	SH		SOLE		14,234	0	745
XCERRA CORP	COM	98400J108	804	127,987	SH		SOLE		127,987	0	0
INTREXON CORP	COM	46122T102	14,807	465,614	SH		SOLE		346,583	0	119,031
EXONE CO	COM	302104104	242	36,113	SH		SOLE		1,490	0	34,623
DENTSPLY INTL INC	COM	249030107	3,569	70,570	SH		SOLE		1,830	0	68,740
IXIA	COM	45071R109	336	23,181	SH		SOLE		23,181	0	0
YORK WATER CO	COM	987184108	653	31,067	SH		SOLE		860	0	30,207
ZIOPHARM ONCOLOGY INC	COM	98973P101	4,451	493,966	SH		SOLE		422,403	0	71,563
ZS PHARMA INC	COM	98979G105	7,714	117,481	SH		SOLE		97,431	0	20,050
ZYNERBA PHARMACEUTICALS INC	COM	98986X109	1,520	106,201	SH		SOLE		4,470	0	101,731