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
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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
APPLIED OPTOELECTRONICS INC	COM	03823U102	6,278	421,080	SH		SOLE		362,420	0	58,660
APPLE INC	COM	037833100	1,135	10,418	SH		SOLE		10,418	0	0
ABAXIS INC	COM	002567105	287	6,320	SH		SOLE		6,320	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	1,067	12,330	SH		SOLE		0	0	12,330
AMERIS BANCORP	COM	03076K108	1,632	55,181	SH		SOLE		46,351	0	8,830
AMERICAN CAMPUS CMNTYS INC	COM	024835100	15,693	333,247	SH		SOLE		267,647	0	65,600
ACADIA HEALTHCAREPANY INC	COM	00404A109	21,046	381,898	SH		SOLE		297,417	0	84,481
ACTUA CORP	COM	005094107	4,819	532,448	SH		SOLE		23,252	0	509,196
ADAMAS PHARMACEUTICALS INC	COM	00548A106	7,377	510,194	SH		SOLE		431,384	0	78,810
ALLIANCE DATA SYS CORP	COM	018581108	2,954	13,426	SH		SOLE		12,821	0	605
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	21,823	1,309,129	SH		SOLE		734,631	0	574,498
AMERICAN FARMLAND CO	COM	02589Y100	2,019	321,560	SH		SOLE		274,749	0	46,811
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	4,809	265,112	SH		SOLE		222,487	0	42,625
APPLIED GENETIC TECHNOLOGIES	COM	03820J100	4,220	301,864	SH		SOLE		256,804	0	45,060
AIMMUNE THERAPEUTICS INC	COM	00900T107	3,662	270,060	SH		SOLE		229,327	0	40,733
AKORN INC	COM	009728106	1,972	83,819	SH		SOLE		80,338	0	3,481
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	1,600	25,494	SH		SOLE		24,413	0	1,081
ALARM.COM HOLDINGS INC	COM	011642105	15,362	648,183	SH		SOLE		549,773	0	98,410
APPLIED MICRO CIRCUITS CORP	COM	03822W406	95	14,693	SH		SOLE		14,693	0	0
AMC NETWORKS INC	COM	00164V103	728	11,203	SH		SOLE		10,647	0	556
AMETEK INC	COM	031100100	3,489	69,799	SH		SOLE		3,004	0	66,795
AFFILIATED MANAGERS GROUP INC	COM	008252108	3,397	20,920	SH		SOLE		19,996	0	924
AMAZON.COM, INC	COM	023135106	578	973	SH		SOLE		973	0	0
ANSYS INC	COM	03662Q105	11,847	132,429	SH		SOLE		5,152	0	127,277
SMITH AO CORP	COM	831865209	674	8,829	SH		SOLE		8,391	0	438
APOGEE ENTERPRISES INC	COM	037598109	26,837	611,450	SH		SOLE		517,722	0	93,728
ARAMARK	COM	03852U106	6,774	204,530	SH		SOLE		5,300	0	199,230
ARRIS INTERNATIONAL PLC	COM	G0551A103	1,321	57,653	SH		SOLE		56,621	0	1,032
ATRICURE INC	COM	04963C209	13,456	799,521	SH		SOLE		690,281	0	109,240
ACTIVISION BLIZZARD INC	COM	00507V109	1,966	58,092	SH		SOLE		55,395	0	2,697
BROADCOM LTD	COM	Y09827109	2,483	16,074	SH		SOLE		15,278	0	796
ARMSTRONG WORLD INDS INC	COM	04247X102	8,159	168,680	SH		SOLE		5,960	0	162,720
AXALTA COATING SYSTEMS LTD	COM	G0750C108	8,446	289,250	SH		SOLE		7,520	0	281,730
ACUITY BRANDS INC	COM	00508Y102	5,924	27,158	SH		SOLE		12,278	0	14,880
BRUNSWICK CORP	COM	117043109	1,570	32,728	SH		SOLE		31,405	0	1,323
BONANZA CREEK ENERGY INC	COM	097793103	43	26,870	SH		SOLE		26,870	0	0
BRANDYWINE RLTY TR SH BEN INT	COM	105368203	3,055	217,722	SH		SOLE		5,664	0	212,058
BIOTELEMETRY INC	COM	090672106	6,117	523,696	SH		SOLE		38,440	0	485,256
BIG LOTS INC	COM	089302103	614	13,552	SH		SOLE		13,552	0	0
BANKUNITED INC	COM	06652K103	1,311	38,056	SH		SOLE		36,165	0	1,891
BLUEBIRD BIO INC	COM	09609G100	11,087	260,879	SH		SOLE		201,835	0	59,044
BRYN MAWR BK CORP	COM	117665109	4,773	185,513	SH		SOLE		6,925	0	178,588
BOFI HLDG INC	COM	05566U108	17,548	822,292	SH		SOLE		702,698	0	119,594
BON-TON STORES INC	COM	09776J101	1,532	674,690	SH		SOLE		27,769	0	646,921
BURNHAM HLDGS INC CL A	COM	122295108	842	50,850	SH		SOLE		1,070	0	49,780
BURLINGTON STORES INC	COM	122017106	18,216	323,906	SH		SOLE		274,306	0	49,600
CITIGROUP INC	COM	172967424	307	7,365	SH		SOLE		7,365	0	0
CAVIUM INC	COM	14964U108	22,168	362,452	SH		SOLE		283,688	0	78,764
CALGON CARBON CORP COM	COM	129603106	1,526	108,860	SH		SOLE		4,570	0	104,290
CROWN HOLDINGS INC	COM	228368106	12,855	259,233	SH		SOLE		48,575	0	210,658
CNB FINL CORP PA	COM	126128107	8,911	506,588	SH		SOLE		24,151	0	482,437
CEDAR SHOPPING CTRS INC	COM	150602209	1,093	151,220	SH		SOLE		151,220	0	0
CHURCHILL DOWNS INC	COM	171484108	3,343	22,607	SH		SOLE		19,001	0	3,606
CHEGG INC	COM	163092109	9,284	2,081,712	SH		SOLE		1,772,862	0	308,850
CHEMTURA CORPORATION	COM	163893209	748	28,330	SH		SOLE		830	0	27,500
CHUY`S HOLDINGS INC	COM	171604101	13,568	436,682	SH		SOLE		367,072	0	69,610
CIENA CORP	COM	171779309	15,077	792,693	SH		SOLE		671,115	0	121,578
CLIFFS NATURAL RESOURCES INC	COM	18683K101	182	60,670	SH		SOLE		60,670	0	0
CANTEL MEDICAL CORP	COM	138098108	13,866	194,304	SH		SOLE		164,034	0	30,270
CONNECTONE BANCORP INC	COM	20786W107	9,090	555,989	SH		SOLE		470,200	0	85,789
CABOT OIL & GAS CORP	COM	127097103	478	21,050	SH		SOLE		20,005	0	1,045
CYRUSONE INC	COM	23283R100	1,172	25,666	SH		SOLE		25,666	0	0
CEPHEID	COM	15670R107	14,774	442,868	SH		SOLE		379,371	0	63,497
CORNERSTONE ONDEMAND INC	COM	21925Y103	13,689	417,730	SH		SOLE		353,410	0	64,320
CARRIAGE SVCS INC	COM	143905107	912	42,198	SH		SOLE		42,198	0	0
CARETRUST REIT INC	COM	14174T107	3,857	303,740	SH		SOLE		257,170	0	46,570
CUBESMART	COM	229663109	20,500	615,604	SH		SOLE		200,964	0	414,640
CUSTOMERS BANCORP INC	COM	23204G100	17,240	729,572	SH		SOLE		297,477	0	432,095
CODORUS VALLEY BANCORP	COM	192025104	2,450	121,167	SH		SOLE		3,924	0	117,243
CYBERARK SOFTWARE LTD	COM	M2682V108	352	8,268	SH		SOLE		8,268	0	0
CITIZENS FINL SVCS INC	COM	174615104	2,077	43,492	SH		SOLE		1,115	0	42,377
CITIZENS & NORTHERN CORP	COM	172922106	2,486	125,029	SH		SOLE		3,845	0	121,184
DARLING INGREDIENTS INC	COM	237266101	519	39,383	SH		SOLE		39,383	0	0
DUCOMMUN INCORPORATED	COM	264147109	435	28,513	SH		SOLE		28,513	0	0
DOLLAR GENERAL	COM	256677105	4,091	47,787	SH		SOLE		45,428	0	2,359
DONEGAL GROUP INC J CL A	COM	257701201	2,026	140,913	SH		SOLE		5,590	0	135,323
DISNEY WALT PRODTNS	COM	254687106	566	5,699	SH		SOLE		5,699	0	0
DICKS SPORTING GOODS INC	COM	253393102	4,635	99,134	SH		SOLE		2,565	0	96,569
MASONITE INTERNATIONAL CORP	COM	575385109	7,324	111,816	SH		SOLE		86,286	0	25,530
ELECTRONIC ARTS INC	COM	285512109	786	11,884	SH		SOLE		11,294	0	590
CHANNELADVISOR CORP	COM	159179100	7,874	699,887	SH		SOLE		598,664	0	101,223
EDUCATION REALTY TRUST INC	COM	28140H203	15,848	380,965	SH		SOLE		318,025	0	62,940
8X8 INC NEW	COM	282914100	20,247	2,012,581	SH		SOLE		1,704,464	0	308,117
EGALET CORP	COM	28226B104	1,559	227,279	SH		SOLE		8,066	0	219,213
EMPLOYERS HOLDINGS INC	COM	292218104	1,105	39,261	SH		SOLE		39,261	0	0
EMCOR GROUP INC	COM	29084Q100	942	19,381	SH		SOLE		19,381	0	0
ENERSYS	COM	29275Y102	3,203	57,475	SH		SOLE		11,680	0	45,795
EPAM SYSTEMS INC	COM	29414B104	43,372	580,849	SH		SOLE		353,895	0	226,954
EQUINIX INC	COM	29444U700	1,534	4,637	SH		SOLE		4,407	0	230
ERIE INDTY CO CL A	COM	29530P102	3,173	34,124	SH		SOLE		1,305	0	32,819
ENVIRONMENTAL TECTONICS CORP	COM	294092101	24	32,018	SH		SOLE		0	0	32,018
ENTERCOMMUNICATIONS CORP	COM	293639100	6,815	644,094	SH		SOLE		24,520	0	619,574
EVERYDAY HEALTH INC	COM	300415106	2,351	419,867	SH		SOLE		363,610	0	56,257
EVERI HOLDINGS INC	COM	30034T103	740	322,943	SH		SOLE		322,943	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	1,771	22,950	SH		SOLE		21,984	0	966
FARO TECHNOLOGIES INC	COM	311642102	3,476	107,904	SH		SOLE		90,201	0	17,703
FACEBOOK INC	COM	30303M102	1,091	9,563	SH		SOLE		9,563	0	0
FCB FINANCIAL HOLDINGS INC	COM	30255G103	16,725	502,868	SH		SOLE		426,658	0	76,210
1ST FIN BANCORP	COM	320209109	684	37,611	SH		SOLE		37,611	0	0
FLUSHING FINL CORP	COM	343873105	820	37,937	SH		SOLE		37,937	0	0
FEDERATED INVESTORS INC	COM	314211103	4,344	150,560	SH		SOLE		5,420	0	145,140
FITBIT INC	COM	33812L102	2,667	176,037	SH		SOLE		168,266	0	7,771
FIVE BELOW	COM	33829M101	29,633	716,809	SH		SOLE		437,675	0	279,134
FOOT LOCKER INC	COM	344849104	3,294	51,073	SH		SOLE		48,782	0	2,291
F N B CORP PA	COM	302520101	768	59,025	SH		SOLE		2,371	0	56,654
FIRST NBC BANK HOLDING CO	COM	32115D106	329	15,960	SH		SOLE		15,960	0	0
AMICUS THERAPEUTICS INC	COM	03152W109	16,037	1,897,821	SH		SOLE		1,557,415	0	340,406
FRANKLIN FINANCIAL SERVICES CORPORATION	COM	353525108	858	38,994	SH		SOLE		1,616	0	37,378
1ST MERCHANTS	COM	320817109	968	41,065	SH		SOLE		41,065	0	0
FRESHPET INC	COM	358039105	4,337	591,662	SH		SOLE		17,768	0	573,894
GILEAD SCIENCES INC	COM	375558103	433	4,715	SH		SOLE		4,715	0	0
GIGAMON INC	COM	37518B102	18,796	605,921	SH		SOLE		508,170	0	97,751
GAMING AND LEISURE PROPERTIES INC.	COM	36467J108	4,885	157,984	SH		SOLE		5,262	0	152,722
GLU MOBILE INC	COM	379890106	474	168,091	SH		SOLE		168,091	0	0
GNC HOLDINGS INC	COM	36191G107	1,901	59,861	SH		SOLE		3,752	0	56,109
GENERAC HOLDINGS INC	COM	368736104	884	23,726	SH		SOLE		23,726	0	0
ALPHABET INC CL C	COM	02079K107	591	794	SH		SOLE		794	0	0
ALPHABET INC CLA A	COM	02079K305	671	880	SH		SOLE		880	0	0
GULFPORT ENERGY CORP	COM	402635304	240	8,457	SH		SOLE		8,457	0	0
GSV CAP CORP	COM	36191J101	4,278	763,877	SH		SOLE		628,460	0	135,417
GRAY TELEVISION INC	COM	389375106	797	67,971	SH		SOLE		67,971	0	0
GTT COMMUNICATIONS INC	COM	362393100	15,969	965,483	SH		SOLE		823,531	0	141,952
GREAT WESTERN BANCORP INC	COM	391416104	976	35,781	SH		SOLE		35,781	0	0
GUIDEWIRE SOFTWARE INC	COM	40171V100	12,291	225,610	SH		SOLE		190,040	0	35,570
GREAT PLAINS ENERGY INC	COM	391164100	796	24,669	SH		SOLE		24,669	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	1,944	47,527	SH		SOLE		45,441	0	2,086
HARMAN INTERNATIONAL	COM	413086109	3,045	34,202	SH		SOLE		32,642	0	1,560
HEALTHCARE SVCS GROUP INC	COM	421906108	3,738	101,547	SH		SOLE		3,987	0	97,560
HFF INC CLASS A	COM	40418F108	3,460	125,670	SH		SOLE		5,370	0	120,300
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	2,601	115,480	SH		SOLE		109,751	0	5,729
HERSHA HOSPITALITY TR PRIORITY A SHS	COM	427825500	3,914	183,420	SH		SOLE		7,432	0	175,988
HEADWATERS INC	COM	42210P102	13,397	675,273	SH		SOLE		573,213	0	102,060
HORIZON PHARMA, INC	COM	G4617B105	1,742	105,118	SH		SOLE		101,438	0	3,680
MARINEMAX INC	COM	567908108	11,643	597,976	SH		SOLE		506,456	0	91,520
INSTALLED BUILDING PRODUCTS	COM	45780R101	15,898	597,446	SH		SOLE		508,042	0	89,404
IntercontinentalExchange Group, Inc	COM	45866F104	824	3,504	SH		SOLE		3,504	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	5,671	44,139	SH		SOLE		27,926	0	16,213
INTERVAL LEISURE GROUP	COM	46113M108	680	47,064	SH		SOLE		47,064	0	0
II-VI INC	COM	902104108	2,928	134,864	SH		SOLE		4,584	0	130,280
IMAX CORP	COM	45245E109	3,793	122,015	SH		SOLE		116,611	0	5,404
IMPRIVATA INC	COM	45323J103	7,962	630,404	SH		SOLE		530,454	0	99,950
IMPERVA INC	COM	45321L100	23,875	472,771	SH		SOLE		368,127	0	104,644
INOVIO PHARMACEUTICALS INC	COM	45773H201	1,407	161,539	SH		SOLE		8,696	0	152,843
INSMED INC	COM	457669307	7,436	586,919	SH		SOLE		507,594	0	79,325
INTUIT INC	COM	461202103	2,780	26,729	SH		SOLE		25,406	0	1,323
IPG PHOTONICS CORP	COM	44980X109	18,317	190,639	SH		SOLE		153,838	0	36,801
INPHI CORP	COM	45772F107	7,390	221,643	SH		SOLE		186,893	0	34,750
IMPAX LABORATORIES INC	COM	45256B101	12,523	391,106	SH		SOLE		336,574	0	54,532
INDEPENDENCE REALTY TRUST INC	COM	45378A106	3,798	533,362	SH		SOLE		15,447	0	517,915
JACK IN THE BOX INC	COM	466367109	24,679	386,388	SH		SOLE		301,933	0	84,455
JAKKS PACIFIC	COM	47012E106	169	22,689	SH		SOLE		22,689	0	0
JETBLUE AIRWAYS CORP	COM	477143101	1,346	63,739	SH		SOLE		61,022	0	2,717
JONES SODA CO	COM	48023P106	48	65,640	SH		SOLE		65,640	0	0
KFORCE INC	COM	493732101	15,825	808,207	SH		SOLE		690,402	0	117,805
KORN FERRY INTERNATIONAL	COM	500643200	17,545	620,173	SH		SOLE		526,745	0	93,428
KNOLL INC	COM	498904200	17,513	808,915	SH		SOLE		431,678	0	377,237
COCA COLA CO	COM	191216100	220	4,733	SH		SOLE		4,733	0	0
KONA GRILL INC	COM	50047H201	254	19,633	SH		SOLE		19,633	0	0
KOPPERS HOLDINGS INC	COM	50060P106	1,317	58,624	SH		SOLE		27,354	0	31,270
K2M GROUP HOLDINGS INC	COM	48273J107	11,852	799,175	SH		SOLE		674,244	0	124,931
LAZARD LTD-CL A	COM	G54050102	3,472	89,472	SH		SOLE		85,328	0	4,144
L BRANDS INC	COM	501797104	1,717	19,550	SH		SOLE		18,580	0	970
LANNETT COMPANY INC	COM	516012101	1,450	80,860	SH		SOLE		2,100	0	78,760
LIONS GATE ENTERTAINMENT CORP	COM	535919203	2,026	92,717	SH		SOLE		88,753	0	3,964
LUMENTUM HOLDINGS INC	COM	55024U109	7,996	296,477	SH		SOLE		232,925	0	63,552
LINKEDIN CORP	COM	53578A108	966	8,447	SH		SOLE		8,028	0	419
LIVE OAK BANCSHARES INC	COM	53803X105	8,946	596,368	SH		SOLE		525,468	0	70,900
LIBERTY PPTY TR SH BEN INT	COM	531172104	9,196	274,825	SH		SOLE		11,085	0	263,740
LAM RESEARCH	COM	512807108	1,229	14,878	SH		SOLE		14,139	0	739
SOUTHWEST AIR	COM	844741108	6,043	134,884	SH		SOLE		129,156	0	5,728
MID-AMER APT CMNTYS INC	COM	59522J103	3,212	31,426	SH		SOLE		29,867	0	1,559
MASCO CORP	COM	574599106	2,606	82,869	SH		SOLE		78,809	0	4,060
MATTHEWS INTL CORP CL A	COM	577128101	24,153	469,263	SH		SOLE		238,109	0	231,154
MALIBU BOATS INC-CLASS A	COM	56117J100	5,985	364,964	SH		SOLE		313,074	0	51,890
MDC PARTNERS INC-A	COM	552697104	740	31,357	SH		SOLE		31,357	0	0
MERCER INTERNATIONAL INC	COM	588056101	760	80,433	SH		SOLE		80,433	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	861	40,136	SH		SOLE		38,143	0	1,993
MACROGENICS INC	COM	556099109	9,617	512,896	SH		SOLE		387,466	0	125,430
MCGRAW HILL FINANCIAL INC	COM	580645109	3,226	32,589	SH		SOLE		30,985	0	1,604
MAGNUM HUNTER RES CORP DEL	COM	55973B102	0	80,377	SH		SOLE		80,377	0	0
MIDDLEBY CORP	COM	596278101	5,057	47,364	SH		SOLE		34,013	0	13,351
MEAD JOHNSON NUTRITION	COM	582839106	1,417	16,677	SH		SOLE		15,849	0	828
MARTIN MARIETTA MATERIALS INC	COM	573284106	1,172	7,348	SH		SOLE		7,034	0	314
MALVERN BANCORP INC	COM	561409103	1,023	63,833	SH		SOLE		1,660	0	62,173
MARCUS & MILLICHAP INC	COM	566324109	8,425	331,838	SH		SOLE		232,740	0	99,098
MONSTER BEVERAGE CORPORATION	COM	61174X109	2,808	21,056	SH		SOLE		20,122	0	934
MODEL N INC	COM	607525102	7,770	721,407	SH		SOLE		613,755	0	107,652
MID PENN BANCORP INC	COM	59540G107	537	36,205	SH		SOLE		938	0	35,267
MICROSEMI CORP	COM	595137100	24,460	638,478	SH		SOLE		515,175	0	123,303
MICROSOFT CORP	COM	594918104	913	16,530	SH		SOLE		16,530	0	0
MICROSTRATEGY INC	COM	594972408	29,492	164,101	SH		SOLE		132,055	0	32,046
MA-COM TECHNOLOGY SOLUTIONS	COM	55405Y100	15,426	352,278	SH		SOLE		293,963	0	58,315
MASTEC INC	COM	576323109	723	35,710	SH		SOLE		35,710	0	0
NEUROCRINE BIOSCIENCES, INC	COM	64125C109	12,401	313,544	SH		SOLE		263,424	0	50,120
NORWEGIAN CRUISE LINE HOLDINGS LTD	COM	G66721104	2,209	39,950	SH		SOLE		38,247	0	1,703
NEOS THERAPEUTICS INC	COM	64052L106	3,631	336,550	SH		SOLE		286,100	0	50,450
NEWFIELD EXPLORATION CO	COM	651290108	1,325	39,854	SH		SOLE		37,847	0	2,007
SERVICENOW INC	COM	81762P102	2,189	35,776	SH		SOLE		34,178	0	1,598
NUTRI SYS INC NEW	COM	67069D108	7,840	375,647	SH		SOLE		12,828	0	362,819
NORTHUMBERLAND BANCORP	COM	667056105	223	8,938	SH		SOLE		0	0	8,938
NORTHWEST BANCSHARES INC MD	COM	667340103	2,683	198,567	SH		SOLE		3,760	0	194,807
NEXSTAR BROADCASTING GROUP ICL A	COM	65336K103	6,165	139,260	SH		SOLE		117,370	0	21,890
OLD DOMINION FREIGHT LINE INC	COM	679580100	588	8,446	SH		SOLE		8,027	0	419
CORP OFFICE PRO	COM	22002T108	1,079	41,113	SH		SOLE		41,113	0	0
OLLIE`S BARGAIN OUTLET HOLDINGS	COM	681116109	9,351	399,100	SH		SOLE		17,607	0	381,493
OMNICELL INC	COM	68213N109	1,022	36,670	SH		SOLE		30,920	0	5,750
ON SEMICONDUCTOR CORPORATION	COM	682189105	1,746	182,026	SH		SOLE		172,990	0	9,036
SPARK THERAPEUTICS INC	COM	84652J103	3,658	123,970	SH		SOLE		5,410	0	118,560
OPUS BANK	COM	684000102	23,895	702,801	SH		SOLE		602,341	0	100,460
ORBCOMM INC	COM	68555P100	299	29,542	SH		SOLE		29,542	0	0
O`REILLY AUTOMOTIVE INC	COM	67103H107	1,623	5,930	SH		SOLE		5,636	0	294
ORRSTOWN FINL SVCS INC	COM	687380105	3,863	223,040	SH		SOLE		7,672	0	215,368
ORASURE TECHNOLOGIES INC	COM	68554V108	3,401	470,461	SH		SOLE		14,350	0	456,111
BANK OF THE OZARKS INC	COM	063904106	29,180	695,255	SH		SOLE		588,267	0	106,988
PACWEST BANCORP DEL	COM	695263103	1,740	46,829	SH		SOLE		44,525	0	2,304
PALO ALTO NETWORKS, INC	COM	697435105	2,494	15,287	SH		SOLE		14,613	0	674
PARSLEY ENERGY INC	COM	701877102	4,740	209,720	SH		SOLE		178,200	0	31,520
PENNSYLVANIA REAL ESTATE INVSHS BEN INT	COM	709102107	4,517	206,718	SH		SOLE		7,792	0	198,926
PENN NATL GAMING INC	COM	707569109	20,418	1,223,373	SH		SOLE		563,360	0	660,013
PEOPLES FINANCIAL SERVICES CORP	COM	711040105	3,144	84,518	SH		SOLE		3,318	0	81,200
PROOFPOINT INC	COM	743424103	22,677	421,656	SH		SOLE		333,944	0	87,712
PROVIDENT FINL SVCS INC	COM	74386T105	921	45,618	SH		SOLE		45,618	0	0
PGT, INC.	COM	69336V101	4,043	410,832	SH		SOLE		352,532	0	58,300
DAVE & BUSTER`S ENTERTAINMENT INC.	COM	238337109	19,655	506,828	SH		SOLE		429,281	0	77,547
PLANET FITNESS INC	COM	72703H101	8,921	549,317	SH		SOLE		467,347	0	81,970
Plug Power, Inc	COM	72919P202	21	10,015	SH		SOLE		10,015	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	6,747	137,528	SH		SOLE		112,858	0	24,670
PACIFIC PREMIER BANCORP	COM	69478X105	10,130	474,014	SH		SOLE		407,290	0	66,724
PPG INDUSTRIES INC	COM	693506107	1,883	16,893	SH		SOLE		16,118	0	775
PERFICIENT INC	COM	71375U101	1,186	54,616	SH		SOLE		54,616	0	0
PARTY CITY HOLDCO INC	COM	702149105	749	49,805	SH		SOLE		49,805	0	0
PAREXEL INTL CORP	COM	699462107	6,432	102,539	SH		SOLE		87,119	0	15,420
PORTOLA PHARMACEUTICALS INC	COM	737010108	6,913	338,894	SH		SOLE		279,663	0	59,231
PRIVATEBANCORP INC	COM	742962103	17,774	460,467	SH		SOLE		399,507	0	60,960
PENNS WOODS BANCORP INC	COM	708430103	5,667	147,055	SH		SOLE		5,881	0	141,174
PAYPAL HOLDINGS INC	COM	70450Y103	2,439	63,191	SH		SOLE		60,600	0	2,591
QLIK TECHNOLOGIES INC	COM	74733T105	20,536	710,093	SH		SOLE		430,200	0	279,893
QTS REALTY TRUST INC	COM	74736A103	16,781	354,179	SH		SOLE		286,479	0	67,700
RITE AID CORP	COM	767754104	1,141	140,000	SH		SOLE		3,634	0	136,366
REGAL BELOIT CORPORATION	COM	758750103	644	10,200	SH		SOLE		10,200	0	0
ROYAL BANCSHARES OF PENNSYLVANIA INC	COM	780081105	687	322,343	SH		SOLE		51,520	0	270,823
RADIAN GROUP INC	COM	750236101	3,532	284,810	SH		SOLE		10,980	0	273,830
Real Industry Inc.	COM	75601W104	731	83,994	SH		SOLE		83,994	0	0
REX ENERGY CORPORATION	COM	761565100	64	82,764	SH		SOLE		82,764	0	0
RICE ENERGY	COM	762760106	7,334	525,390	SH		SOLE		29,680	0	495,710
RELYPSA INC	COM	759531106	6,875	507,359	SH		SOLE		424,349	0	83,010
ROSS STORES INC	COM	778296103	2,515	43,429	SH		SOLE		41,273	0	2,156
RAMCO-GERSHENSON PROPERTI	COM	751452202	1,008	55,904	SH		SOLE		55,904	0	0
RED ROBIN GOURMET BURGERS INC	COM	75689M101	21,716	336,843	SH		SOLE		272,067	0	64,776
RUDOLPH TECHNOLOGIES INC	COM	781270103	810	59,271	SH		SOLE		59,271	0	0
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	733	381,826	SH		SOLE		381,826	0	0
SPIRIT AIRLS INC	COM	848577102	20,001	416,860	SH		SOLE		341,206	0	75,654
SBA COMMUNICATIONS CORP CL A	COM	78388J106	2,852	28,469	SH		SOLE		27,056	0	1,413
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,460	10,725	SH		SOLE		10,213	0	512
STARBUCKS CORP	COM	855244109	598	10,016	SH		SOLE		10,016	0	0
COMSCORE INC	COM	20564W105	13,978	465,309	SH		SOLE		392,578	0	72,731
SPECTRA ENERGY CORPORATION	COM	847560109	1,293	42,246	SH		SOLE		40,187	0	2,059
SEI INVESTMENTS COMPANY	COM	784117103	3,894	90,450	SH		SOLE		3,070	0	87,380
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	3,037	257,138	SH		SOLE		5,671	0	251,467
SAFEGUARD SCIENTIFICS INC	COM	786449207	6,053	456,841	SH		SOLE		16,181	0	440,660
MADDEN STEVEN LTD	COM	556269108	16,609	448,402	SH		SOLE		380,822	0	67,580
SIGNET JEWELERS LTD	COM	G81276100	2,210	17,817	SH		SOLE		17,032	0	785
SIGMA DESIGNS INC	COM	826565103	4,982	732,649	SH		SOLE		624,419	0	108,230
SVB FINL GROUP	COM	78486Q101	3,765	36,894	SH		SOLE		35,429	0	1,465
SUPER MICRO COMPUTER INC	COM	86800U104	15,853	465,159	SH		SOLE		391,889	0	73,270
SANCHEZ ENERGY CORP	COM	79970Y105	138	25,136	SH		SOLE		25,136	0	0
SNAP-ON INC	COM	833034101	2,397	15,267	SH		SOLE		14,509	0	758
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	8,202	253,621	SH		SOLE		214,792	0	38,829
SEQUENTIAL BRANDS GROUP INC	COM	81734P107	7,800	1,220,592	SH		SOLE		977,734	0	242,858
STONERIDGE INC	COM	86183P102	904	62,088	SH		SOLE		62,088	0	0
SOVRAN SELF STORAGE INC	COM	84610H108	7,418	62,890	SH		SOLE		53,530	0	9,360
S & T BANCORP INC	COM	783859101	5,270	204,574	SH		SOLE		9,029	0	195,545
ST. JUDE MEDICAL INC	COM	790849103	1,533	27,873	SH		SOLE		26,489	0	1,384
STEEL DYNAMICS INC	COM	858119100	1,544	68,597	SH		SOLE		66,627	0	1,970
CONSTELLATION BRANDS INC	COM	21036P108	326	2,155	SH		SOLE		2,155	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	3,917	50,284	SH		SOLE		48,091	0	2,193
SYNAPTICS INC	COM	87157D109	1,065	13,358	SH		SOLE		13,358	0	0
SYNERGY RESOURCES CORPORATION	COM	87164P103	7,618	980,391	SH		SOLE		831,001	0	149,390
TELADOC INC	COM	87918A105	3,673	382,562	SH		SOLE		323,182	0	59,380
TELEFLEX INC	COM	879369106	6,097	38,835	SH		SOLE		1,327	0	37,508
TRIUMPH GROUP INC	COM	896818101	1,298	41,240	SH		SOLE		0	0	41,240
INTERFACE INC	COM	458665304	8,749	471,892	SH		SOLE		400,346	0	71,546
TILLY`S INC-CLASS A SHRS	COM	886885102	4,737	708,101	SH		SOLE		610,069	0	98,032
TENNANT CO	COM	880345103	10,110	196,381	SH		SOLE		165,581	0	30,800
TOLL BROS INC	COM	889478103	7,517	254,735	SH		SOLE		9,075	0	245,660
TUTOR PERINI CORPORATION	COM	901109108	12,406	798,324	SH		SOLE		676,114	0	122,210
LENDINGTREE INC	COM	52603B107	27,408	280,305	SH		SOLE		238,115	0	42,190
TREX INC	COM	89531P105	31,582	658,910	SH		SOLE		536,704	0	122,206
TRISTATE CAPITAL HOLDINGS	COM	89678F100	4,973	394,693	SH		SOLE		10,274	0	384,419
TETRA TECHNOLOGIES	COM	88162F105	169	26,655	SH		SOLE		26,655	0	0
TILE SHOP HLDGS INC	COM	88677Q109	9,012	604,424	SH		SOLE		504,934	0	99,490
UNDER ARMOUR INC	COM	904311107	2,747	32,377	SH		SOLE		30,887	0	1,490
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	5,217	41,827	SH		SOLE		1,745	0	40,082
ULTA SALON COSMETICS & FRAGR	COM	90384S303	1,585	8,182	SH		SOLE		7,776	0	406
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	4,826	24,939	SH		SOLE		849	0	24,090
URBAN OUTFITTERS INC	COM	917047102	5,671	171,375	SH		SOLE		6,380	0	164,995
UNIVEST CORP PA	COM	915271100	1,043	53,449	SH		SOLE		3,759	0	49,690
VIRGIN AMERICA INC	COM	92765X208	11,542	299,338	SH		SOLE		253,386	0	45,952
VEEVA SYSTEMS INC	COM	922475108	27,569	1,101,000	SH		SOLE		944,405	0	156,595
VONAGE HOLDINGS CORP	COM	92886T201	21,869	4,785,241	SH		SOLE		4,164,861	0	620,380
VIRTU FINANCIAL INC CLASS A	COM	928254101	15,591	705,146	SH		SOLE		597,106	0	108,040
VULCAN MATERIALS COMPANY	COM	929160109	3,129	29,643	SH		SOLE		28,237	0	1,406
VIAD CORP	COM	92552R406	902	30,935	SH		SOLE		30,935	0	0
VWR CORP	COM	91843L103	7,287	269,290	SH		SOLE		9,340	0	259,950
WABTEC CORPORATION	COM	929740108	18,425	232,377	SH		SOLE		56,020	0	176,357
WELLCARE HEALTH PLANS INC	COM	94946T106	28,077	302,719	SH		SOLE		258,894	0	43,825
WALKER & DUNLOP INC	COM	93148P102	20,323	837,363	SH		SOLE		716,433	0	120,930
WHIRLPOOL CORPORATION	COM	963320106	4,110	22,788	SH		SOLE		21,750	0	1,038
WEIS MARKETS INC	COM	948849104	2,765	61,371	SH		SOLE		2,426	0	58,945
VCA ANTECH INC	COM	918194101	672	11,651	SH		SOLE		11,073	0	578
WEST PHARMACEUTICAL SVCS INC	COM	955306105	8,164	117,770	SH		SOLE		3,960	0	113,810
WEST CORP	COM	952355204	911	39,906	SH		SOLE		39,906	0	0
AQUA AMERICA INC	COM	03836W103	2,456	77,189	SH		SOLE		2,008	0	75,181
WHITEWAVE FOODS COMPANY	COM	966244105	2,537	62,423	SH		SOLE		59,323	0	3,100
XCERRA CORP	COM	98400J108	798	122,329	SH		SOLE		122,329	0	0
INTREXON CORP	COM	46122T102	13,059	385,333	SH		SOLE		288,275	0	97,058
EXONE CO	COM	302104104	475	36,113	SH		SOLE		1,490	0	34,623
DENTSPLY SIRONA INC	COM	24906P109	6,360	103,200	SH		SOLE		3,340	0	99,860
YORK WATER CO	COM	987184108	2,060	67,487	SH		SOLE		1,830	0	65,657
ZIOPHARM ONCOLOGY INC	COM	98973P101	4,101	552,751	SH		SOLE		472,852	0	79,899
ZYNERBA PHARMACEUTICALS INC	COM	98986X109	1,580	167,185	SH		SOLE		5,690	0	161,495