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
APPLIED OPTOELECTRONICS INC	COM	03823U102	4,683	420,011	SH		SOLE		361,351	0	58,660
APPLE INC	COM	037833100	996	10,423	SH		SOLE		10,423	0	0
ABAXIS INC	COM	002567105	298	6,320	SH		SOLE		6,320	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	3,707	46,730	SH		SOLE		0	0	46,730
ABBOTT LABS	COM	002824100	1,245	31,662	SH		SOLE		30,310	0	1,352
AMERICAN CAMPUS CMNTYS INC	COM	024835100	1,216	23,004	SH		SOLE		4,924	0	18,080
ACADIA HEALTHCAREPANY INC	COM	00404A109	18,725	338,002	SH		SOLE		260,779	0	77,223
ACTUA CORP	COM	005094107	3,785	419,103	SH		SOLE		13,333	0	405,770
ADAMAS PHARMACEUTICALS INC	COM	00548A106	7,724	510,194	SH		SOLE		431,384	0	78,810
ALLIANCE DATA SYS CORP	COM	018581108	2,650	13,528	SH		SOLE		12,923	0	605
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	21,157	1,328,149	SH		SOLE		753,651	0	574,498
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	4,654	270,292	SH		SOLE		227,667	0	42,625
APPLIED GENETIC TECHNOLOGIES	COM	03820J100	4,109	290,784	SH		SOLE		248,074	0	42,710
AIMMUNE THERAPEUTICS INC	COM	00900T107	2,927	270,510	SH		SOLE		229,777	0	40,733
AKORN INC	COM	009728106	886	31,095	SH		SOLE		29,752	0	1,343
ALDER BIOPHARMACEUITICALS INC	COM	014339105	5,898	236,193	SH		SOLE		199,214	0	36,979
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	2,222	40,039	SH		SOLE		24,208	0	15,831
ALARM.COM HOLDINGS INC	COM	011642105	12,353	481,990	SH		SOLE		409,280	0	72,710
APPLIED MICRO CIRCUITS CORP	COM	03822W406	94	14,693	SH		SOLE		14,693	0	0
AMETEK INC	COM	031100100	3,227	69,799	SH		SOLE		3,004	0	66,795
AFFILIATED MANAGERS GROUP INC	COM	008252108	2,934	20,844	SH		SOLE		19,920	0	924
AMAZON.COM, INC	COM	023135106	696	973	SH		SOLE		973	0	0
ANSYS INC	COM	03662Q105	10,103	111,329	SH		SOLE		4,642	0	106,687
SMITH AO CORP	COM	831865209	905	10,273	SH		SOLE		9,758	0	515
ANADARKO PETROLEUM CORP	COM	032511107	860	16,142	SH		SOLE		15,340	0	802
APOGEE ENTERPRISES INC	COM	037598109	29,191	629,795	SH		SOLE		516,057	0	113,738
ARAMARK	COM	03852U106	6,835	204,530	SH		SOLE		5,300	0	199,230
ARRIS INTERNATIONAL PLC	COM	G0551A103	2,067	98,634	SH		SOLE		95,750	0	2,884
ATRICURE INC	COM	04963C209	6,955	492,193	SH		SOLE		416,103	0	76,090
ACTIVISION BLIZZARD INC	COM	00507V109	2,282	57,579	SH		SOLE		54,882	0	2,697
BROADCOM LTD	COM	Y09827109	2,474	15,923	SH		SOLE		15,127	0	796
ARMSTRONG WORLD INDS INC	COM	04247X102	6,538	167,005	SH		SOLE		4,285	0	162,720
AXALTA COATING SYSTEMS LTD	COM	G0750C108	9,728	366,667	SH		SOLE		81,247	0	285,420
ACUITY BRANDS INC	COM	00508Y102	5,769	23,267	SH		SOLE		8,576	0	14,691
BRUNSWICK CORP	COM	117043109	1,472	32,476	SH		SOLE		31,153	0	1,323
BONANZA CREEK ENERGY INC	COM	097793103	54	26,870	SH		SOLE		26,870	0	0
BRANDYWINE RLTY TR SH BEN INT	COM	105368203	3,658	217,722	SH		SOLE		5,664	0	212,058
BIOTELEMETRY INC	COM	090672106	6,463	396,496	SH		SOLE		31,240	0	365,256
BERRY PLASTICS GROUP INC	COM	08579W103	7,514	193,410	SH		SOLE		163,240	0	30,170
BIG LOTS INC	COM	089302103	665	13,277	SH		SOLE		13,277	0	0
BLUEBIRD BIO INC	COM	09609G100	8,404	194,144	SH		SOLE		146,680	0	47,464
BRYN MAWR BK CORP	COM	117665109	1,131	38,717	SH		SOLE		0	0	38,717
BOFI HLDG INC	COM	05566U108	14,719	831,132	SH		SOLE		711,538	0	119,594
BURLINGTON STORES INC	COM	122017106	23,725	355,646	SH		SOLE		275,946	0	79,700
CITIGROUP INC	COM	172967424	220	5,181	SH		SOLE		5,181	0	0
CAVIUM INC	COM	14964U108	13,687	354,588	SH		SOLE		281,157	0	73,431
CALGON CARBON CORP COM	COM	129603106	1,407	107,000	SH		SOLE		2,710	0	104,290
CROWN HOLDINGS INC	COM	228368106	13,115	258,831	SH		SOLE		48,173	0	210,658
CNB FINL CORP PA	COM	126128107	8,828	495,960	SH		SOLE		24,151	0	471,809
CEDAR SHOPPING CTRS INC	COM	150602209	1,101	148,147	SH		SOLE		148,147	0	0
CHURCHILL DOWNS INC	COM	171484108	10,956	86,708	SH		SOLE		72,936	0	13,772
CHEGG INC	COM	163092109	9,560	1,912,072	SH		SOLE		1,603,222	0	308,850
CHEMTURA CORPORATION	COM	163893209	737	27,950	SH		SOLE		450	0	27,500
CHUY`S HOLDINGS INC	COM	171604101	15,313	442,452	SH		SOLE		372,842	0	69,610
CIENA CORP	COM	171779309	12,745	679,753	SH		SOLE		576,235	0	103,518
CLIFFS NATURAL RESOURCES INC	COM	18683K101	248	43,827	SH		SOLE		43,827	0	0
CANTEL MEDICAL CORP	COM	138098108	9,071	131,974	SH		SOLE		111,694	0	20,280
CONNECTONE BANCORP INC	COM	20786W107	215	13,733	SH		SOLE		13,733	0	0
CABOT OIL & GAS CORP	COM	127097103	907	35,233	SH		SOLE		33,466	0	1,767
CYRUSONE INC	COM	23283R100	20,496	368,232	SH		SOLE		316,132	0	52,100
CALLON PETROLEUM CO	COM	13123X102	8,755	779,573	SH		SOLE		658,856	0	120,717
CEPHEID	COM	15670R107	14,258	463,671	SH		SOLE		398,924	0	64,747
CARLISLE COS INC	COM	142339100	864	8,174	SH		SOLE		7,764	0	410
CORNERSTONE ONDEMAND INC	COM	21925Y103	13,204	346,920	SH		SOLE		294,590	0	52,330
CARRIAGE SVCS INC	COM	143905107	977	41,272	SH		SOLE		41,272	0	0
CARETRUST REIT INC	COM	14174T107	11,993	870,307	SH		SOLE		736,677	0	133,630
CUBIC CORP	COM	229669106	666	16,587	SH		SOLE		16,587	0	0
CUBESMART	COM	229663109	14,030	454,334	SH		SOLE		70,698	0	383,636
CUSTOMERS BANCORP INC	COM	23204G100	15,471	615,638	SH		SOLE		243,743	0	371,895
CODORUS VALLEY BANCORP	COM	192025104	1,849	90,779	SH		SOLE		3,164	0	87,615
CYBERARK SOFTWARE LTD	COM	M2682V108	402	8,268	SH		SOLE		8,268	0	0
CITIZENS FINL SVCS INC	COM	174615104	2,137	41,907	SH		SOLE		1,126	0	40,781
DARLING INGREDIENTS INC	COM	237266101	575	38,590	SH		SOLE		38,590	0	0
DUCOMMUN INCORPORATED	COM	264147109	656	33,159	SH		SOLE		33,159	0	0
DOLLAR GENERAL	COM	256677105	4,440	47,236	SH		SOLE		44,877	0	2,359
DONEGAL GROUP INC J CL A	COM	257701201	2,256	136,813	SH		SOLE		1,490	0	135,323
DISNEY WALT PRODTNS	COM	254687106	557	5,699	SH		SOLE		5,699	0	0
DICKS SPORTING GOODS INC	COM	253393102	5,145	114,184	SH		SOLE		16,865	0	97,319
MASONITE INTERNATIONAL CORP	COM	575385109	17,167	259,556	SH		SOLE		219,906	0	39,650
DYCOM INDUSTRIES INC	COM	267475101	18,414	205,144	SH		SOLE		176,223	0	28,921
CHANNELADVISOR CORP	COM	159179100	10,141	699,887	SH		SOLE		598,664	0	101,223
EDUCATION REALTY TRUST INC	COM	28140H203	21,304	461,725	SH		SOLE		391,505	0	70,220
8X8 INC NEW	COM	282914100	29,772	2,037,816	SH		SOLE		1,729,699	0	308,117
EGALET CORP	COM	28226B104	1,127	227,279	SH		SOLE		8,066	0	219,213
EMPLOYERS HOLDINGS INC	COM	292218104	947	32,643	SH		SOLE		32,643	0	0
EMCOR GROUP INC	COM	29084Q100	936	18,992	SH		SOLE		18,992	0	0
ENERSYS	COM	29275Y102	2,796	47,008	SH		SOLE		1,213	0	45,795
EPAM SYSTEMS INC	COM	29414B104	37,272	579,561	SH		SOLE		352,607	0	226,954
EQUINIX INC	COM	29444U700	1,781	4,593	SH		SOLE		4,363	0	230
ERIE INDTY CO CL A	COM	29530P102	3,358	33,799	SH		SOLE		980	0	32,819
ENTERCOMMUNICATIONS CORP	COM	293639100	8,740	644,094	SH		SOLE		24,520	0	619,574
EVERYDAY HEALTH INC	COM	300415106	3,309	419,867	SH		SOLE		363,610	0	56,257
EVERI HOLDINGS INC	COM	30034T103	473	410,982	SH		SOLE		410,982	0	0
EDWARDS LIFESCIENCES	COM	28176E108	817	8,191	SH		SOLE		7,780	0	411
DIAMONDBACK ENERGY INC	COM	25278X109	2,076	22,765	SH		SOLE		21,799	0	966
FACEBOOK INC	COM	30303M102	1,093	9,563	SH		SOLE		9,563	0	0
FCB FINANCIAL HOLDINGS INC	COM	30255G103	12,880	378,838	SH		SOLE		321,268	0	57,570
1ST FIN BANCORP	COM	320209109	716	36,799	SH		SOLE		36,799	0	0
FEDERATED INVESTORS INC	COM	314211103	6,051	210,250	SH		SOLE		7,040	0	203,210
FITBIT INC	COM	33812L102	2,367	193,701	SH		SOLE		184,968	0	8,733
FIVE BELOW	COM	33829M101	33,383	719,299	SH		SOLE		440,165	0	279,134
FOOT LOCKER INC	COM	344849104	2,778	50,635	SH		SOLE		48,344	0	2,291
F N B CORP PA	COM	302520101	740	59,025	SH		SOLE		2,371	0	56,654
FIRST NBC BANK HOLDING CO	COM	32115D106	268	15,960	SH		SOLE		15,960	0	0
AMICUS THERAPEUTICS INC	COM	03152W109	5,769	1,056,583	SH		SOLE		898,363	0	158,220
FRANKLIN FINANCIAL SERVICES CORPORATION	COM	353525108	410	17,260	SH		SOLE		1,616	0	15,644
1ST MERCHANTS	COM	320817109	1,003	40,216	SH		SOLE		40,216	0	0
FRESHPET INC	COM	358039105	4,905	525,722	SH		SOLE		13,939	0	511,783
GREATBATCH INC	COM	39153L106	8,426	272,420	SH		SOLE		230,020	0	42,400
GILEAD SCIENCES INC	COM	375558103	393	4,715	SH		SOLE		4,715	0	0
GIGAMON INC	COM	37518B102	16,755	448,122	SH		SOLE		380,101	0	68,021
GAMING AND LEISURE PROPERTIES INC.	COM	36467J108	7,803	226,294	SH		SOLE		6,262	0	220,032
GLU MOBILE INC	COM	379890106	289	131,375	SH		SOLE		131,375	0	0
GLOBAL MEDICAL REIT INC	COM	37954A204	3,709	366,890	SH		SOLE		310,660	0	56,230
GMS INC	COM	36251C103	10,284	462,192	SH		SOLE		392,380	0	69,812
GNC HOLDINGS INC	COM	36191G107	2,297	94,561	SH		SOLE		4,212	0	90,349
GENERAC HOLDINGS INC	COM	368736104	7,605	217,541	SH		SOLE		186,871	0	30,670
ALPHABET INC CL C	COM	02079K107	401	580	SH		SOLE		580	0	0
ALPHABET INC CLA A	COM	02079K305	408	580	SH		SOLE		580	0	0
GULFPORT ENERGY CORP	COM	402635304	345	11,037	SH		SOLE		11,037	0	0
GSV CAP CORP	COM	36191J101	3,798	756,657	SH		SOLE		621,240	0	135,417
GRAY TELEVISION INC	COM	389375106	922	84,986	SH		SOLE		84,986	0	0
GTT COMMUNICATIONS INC	COM	362393100	18,157	982,513	SH		SOLE		840,561	0	141,952
GREAT WESTERN BANCORP INC	COM	391416104	1,105	35,041	SH		SOLE		35,041	0	0
GUIDEWIRE SOFTWARE INC	COM	40171V100	14,016	226,950	SH		SOLE		191,380	0	35,570
GREAT PLAINS ENERGY INC	COM	391164100	735	24,184	SH		SOLE		24,184	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	2,345	47,130	SH		SOLE		45,044	0	2,086
HARMAN INTERNATIONAL	COM	413086109	1,523	21,204	SH		SOLE		20,277	0	927
HEALTHCARE SVCS GROUP INC	COM	421906108	4,202	101,547	SH		SOLE		3,987	0	97,560
HOME DEPOT INC	COM	437076102	259	2,026	SH		SOLE		2,026	0	0
HFF INC CLASS A	COM	40418F108	3,629	125,670	SH		SOLE		5,370	0	120,300
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	2,577	114,393	SH		SOLE		108,664	0	5,729
HERSHA HOSPITALITY TR PRIORITY A SHS	COM	427825500	3,146	183,420	SH		SOLE		7,432	0	175,988
HEADWATERS INC	COM	42210P102	16,229	904,624	SH		SOLE		768,644	0	135,980
HORIZON PHARMA, INC	COM	G4617B105	3,373	204,797	SH		SOLE		197,525	0	7,272
MARINEMAX INC	COM	567908108	10,148	597,976	SH		SOLE		506,456	0	91,520
INSTALLED BUILDING PRODUCTS	COM	45780R101	21,911	603,766	SH		SOLE		514,362	0	89,404
IntercontinentalExchange Group, Inc	COM	45866F104	900	3,517	SH		SOLE		3,517	0	0
ICF INTERNATIONAL INC	COM	44925C103	513	12,549	SH		SOLE		12,549	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	7,555	52,950	SH		SOLE		33,739	0	19,211
INTERVAL LEISURE GROUP	COM	46113M108	733	46,112	SH		SOLE		46,112	0	0
II-VI INC	COM	902104108	3,771	201,010	SH		SOLE		7,164	0	193,846
IMAX CORP	COM	45245E109	3,567	120,987	SH		SOLE		115,583	0	5,404
IMPRIVATA INC	COM	45323J103	8,829	630,614	SH		SOLE		530,664	0	99,950
IMPERVA INC	COM	45321L100	20,289	471,732	SH		SOLE		367,088	0	104,644
INCYTE PHARMACEUTICALS INC	COM	45337C102	1,607	20,097	SH		SOLE		19,089	0	1,008
INOVIO PHARMACEUTICALS INC	COM	45773H201	1,432	154,986	SH		SOLE		2,143	0	152,843
INSMED INC	COM	457669307	6,213	630,159	SH		SOLE		518,264	0	111,895
INTUIT INC	COM	461202103	2,955	26,474	SH		SOLE		25,151	0	1,323
IPG PHOTONICS CORP	COM	44980X109	14,815	185,191	SH		SOLE		148,721	0	36,470
INPHI CORP	COM	45772F107	5,292	165,233	SH		SOLE		139,293	0	25,940
IMPAX LABORATORIES INC	COM	45256B101	8,019	278,252	SH		SOLE		236,099	0	42,153
INDEPENDENCE REALTY TRUST INC	COM	45378A106	4,363	533,362	SH		SOLE		15,447	0	517,915
JACK IN THE BOX INC	COM	466367109	28,637	333,300	SH		SOLE		257,290	0	76,010
JAKKS PACIFIC	COM	47012E106	113	14,229	SH		SOLE		14,229	0	0
JONES SODA CO	COM	48023P106	42	65,640	SH		SOLE		65,640	0	0
KATE SPADE & CO	COM	485865109	9,703	470,768	SH		SOLE		408,023	0	62,745
KFORCE INC	COM	493732101	371	21,992	SH		SOLE		21,992	0	0
KORN FERRY INTERNATIONAL	COM	500643200	11,501	555,583	SH		SOLE		474,475	0	81,108
KENNAMETAL INC	COM	489170100	2,002	90,540	SH		SOLE		2,380	0	88,160
KNOLL INC	COM	498904200	20,787	856,145	SH		SOLE		433,978	0	422,167
COCA COLA CO	COM	191216100	215	4,733	SH		SOLE		4,733	0	0
KONA GRILL INC	COM	50047H201	210	19,633	SH		SOLE		19,633	0	0
KOPPERS HOLDINGS INC	COM	50060P106	3,532	114,929	SH		SOLE		28,339	0	86,590
K2M GROUP HOLDINGS INC	COM	48273J107	11,202	721,795	SH		SOLE		609,664	0	112,131
LAZARD LTD-CL A	COM	G54050102	1,253	42,080	SH		SOLE		40,175	0	1,905
LUMENTUM HOLDINGS INC	COM	55024U109	7,224	298,517	SH		SOLE		234,965	0	63,552
LINKEDIN CORP	COM	53578A108	1,584	8,368	SH		SOLE		7,949	0	419
LIVE OAK BANCSHARES INC	COM	53803X105	7,282	516,095	SH		SOLE		452,377	0	63,718
LIBERTY PPTY TR SH BEN INT	COM	531172104	10,916	274,825	SH		SOLE		11,085	0	263,740
SOUTHWEST AIR	COM	844741108	5,246	133,801	SH		SOLE		128,073	0	5,728
MID-AMER APT CMNTYS INC	COM	59522J103	3,328	31,278	SH		SOLE		29,719	0	1,559
MASCO CORP	COM	574599106	2,705	87,436	SH		SOLE		83,376	0	4,060
MATTHEWS INTL CORP CL A	COM	577128101	26,114	469,343	SH		SOLE		238,189	0	231,154
MALIBU BOATS INC-CLASS A	COM	56117J100	3,525	291,808	SH		SOLE		247,138	0	44,670
MDC PARTNERS INC-A	COM	552697104	898	49,088	SH		SOLE		49,088	0	0
MERCER INTERNATIONAL INC	COM	588056101	823	103,078	SH		SOLE		103,078	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	1,340	59,199	SH		SOLE		56,229	0	2,970
MACROGENICS INC	COM	556099109	9,747	361,143	SH		SOLE		262,019	0	99,124
MIDDLEBY CORP	COM	596278101	5,407	46,915	SH		SOLE		33,564	0	13,351
MEAD JOHNSON NUTRITION	COM	582839106	2,168	23,889	SH		SOLE		22,691	0	1,198
MALVERN BANCORP INC	COM	561409103	996	63,833	SH		SOLE		1,660	0	62,173
MARCUS & MILLICHAP INC	COM	566324109	7,229	284,488	SH		SOLE		196,730	0	87,758
MONSTER BEVERAGE CORPORATION	COM	61174X109	3,355	20,879	SH		SOLE		19,945	0	934
MODEL N INC	COM	607525102	9,734	729,137	SH		SOLE		621,485	0	107,652
MID PENN BANCORP INC	COM	59540G107	576	36,205	SH		SOLE		938	0	35,267
MERCURY SYSTEMS INC	COM	589378108	11,170	449,320	SH		SOLE		382,530	0	66,790
MICROSEMI CORP	COM	595137100	20,862	638,363	SH		SOLE		515,060	0	123,303
MICROSOFT CORP	COM	594918104	846	16,534	SH		SOLE		16,534	0	0
MICROSTRATEGY INC	COM	594972408	29,917	170,936	SH		SOLE		132,250	0	38,686
MACOM TECHNOLOGY SOLUTIONS	COM	55405Y100	12,102	366,938	SH		SOLE		308,623	0	58,315
MASTEC INC	COM	576323109	781	34,997	SH		SOLE		34,997	0	0
NETSUITE INC	COM	64118Q107	740	10,166	SH		SOLE		9,656	0	510
NEUROCRINE BIOSCIENCES, INC	COM	64125C109	11,277	248,119	SH		SOLE		210,149	0	37,970
NORWEGIAN CRUISE LINE HOLDINGS LTD	COM	G66721104	1,296	32,521	SH		SOLE		31,085	0	1,436
NEOGENOMICS INC	COM	64049M209	2,413	300,160	SH		SOLE		251,770	0	48,390
NANTHEALTH INC	COM	630104107	2,715	217,200	SH		SOLE		183,810	0	33,390
NN INC	COM	629337106	490	35,034	SH		SOLE		35,034	0	0
SERVICENOW INC	COM	81762P102	2,355	35,472	SH		SOLE		33,874	0	1,598
NUTRI SYS INC NEW	COM	67069D108	23,896	942,255	SH		SOLE		419,698	0	522,557
NVIDIA CORPORATION	COM	67066G104	400	8,502	SH		SOLE		8,075	0	427
NORTHWEST BANCSHARES INC MD	COM	667340103	2,945	198,567	SH		SOLE		3,760	0	194,807
NEXSTAR BROADCASTING GROUP ICL A	COM	65336K103	17,814	374,410	SH		SOLE		316,810	0	57,600
CORP OFFICE PRO	COM	22002T108	1,191	40,284	SH		SOLE		40,284	0	0
OLLIE`S BARGAIN OUTLET HOLDINGS	COM	681116109	5,984	240,410	SH		SOLE		10,881	0	229,529
OMNICELL INC	COM	68213N109	4,597	134,300	SH		SOLE		113,250	0	21,050
ON SEMICONDUCTOR CORPORATION	COM	682189105	1,590	180,307	SH		SOLE		171,271	0	9,036
SPARK THERAPEUTICS INC	COM	84652J103	1,968	38,490	SH		SOLE		540	0	37,950
OPUS BANK	COM	684000102	25,128	743,436	SH		SOLE		635,126	0	108,310
ORBCOMM INC	COM	68555P100	294	29,542	SH		SOLE		29,542	0	0
O`REILLY AUTOMOTIVE INC	COM	67103H107	1,592	5,874	SH		SOLE		5,580	0	294
ORRSTOWN FINL SVCS INC	COM	687380105	4,007	221,999	SH		SOLE		7,482	0	214,517
ORASURE TECHNOLOGIES INC	COM	68554V108	2,130	360,461	SH		SOLE		14,350	0	346,111
BANK OF THE OZARKS INC	COM	063904106	26,654	710,383	SH		SOLE		606,375	0	104,008
PACWEST BANCORP DEL	COM	695263103	1,845	46,390	SH		SOLE		44,086	0	2,304
PALO ALTO NETWORKS, INC	COM	697435105	2,249	18,340	SH		SOLE		17,505	0	835
PENNSYLVANIA REAL ESTATE INVSHS BEN INT	COM	709102107	4,434	206,718	SH		SOLE		7,792	0	198,926
PENN NATL GAMING INC	COM	707569109	20,419	1,463,743	SH		SOLE		687,460	0	776,283
PEOPLES FINANCIAL SERVICES CORP	COM	711040105	3,308	84,518	SH		SOLE		3,318	0	81,200
PROOFPOINT INC	COM	743424103	25,090	397,691	SH		SOLE		313,689	0	84,002
PROVIDENT FINL SVCS INC	COM	74386T105	877	44,671	SH		SOLE		44,671	0	0
PGT, INC.	COM	69336V101	210	20,370	SH		SOLE		20,370	0	0
DAVE & BUSTER`S ENTERTAINMENT INC.	COM	238337109	16,855	360,236	SH		SOLE		304,839	0	55,397
PLANET FITNESS INC	COM	72703H101	10,368	549,127	SH		SOLE		467,157	0	81,970
Plug Power, Inc	COM	72919P202	19	10,015	SH		SOLE		10,015	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	286	5,850	SH		SOLE		5,850	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	11,726	488,586	SH		SOLE		421,862	0	66,724
PERFICIENT INC	COM	71375U101	1,087	53,506	SH		SOLE		53,506	0	0
PARTY CITY HOLDCO INC	COM	702149105	782	56,201	SH		SOLE		56,201	0	0
PAREXEL INTL CORP	COM	699462107	6,329	100,649	SH		SOLE		85,379	0	15,270
PORTOLA PHARMACEUTICALS INC	COM	737010108	15,114	640,444	SH		SOLE		542,763	0	97,681
PRIVATEBANCORP INC	COM	742962103	700	15,892	SH		SOLE		15,892	0	0
PENNS WOODS BANCORP INC	COM	708430103	6,001	142,915	SH		SOLE		5,881	0	137,034
PAYPAL HOLDINGS INC	COM	70450Y103	2,289	62,699	SH		SOLE		60,108	0	2,591
QLIK TECHNOLOGIES INC	COM	74733T105	25,162	850,626	SH		SOLE		436,500	0	414,126
QTS REALTY TRUST INC	COM	74736A103	26,338	470,485	SH		SOLE		380,815	0	89,670
RITE AID CORP	COM	767754104	1,049	140,000	SH		SOLE		3,634	0	136,366
ROYAL BANCSHARES OF PENNSYLVANIA INC	COM	780081105	502	222,343	SH		SOLE		36,520	0	185,823
RADIAN GROUP INC	COM	750236101	2,968	284,810	SH		SOLE		10,980	0	273,830
REATA PHARMACEUTICALS INC	COM	75615P103	3,310	167,610	SH		SOLE		141,350	0	26,260
REX ENERGY CORPORATION	COM	761565100	249	376,310	SH		SOLE		126,310	0	250,000
RICE ENERGY	COM	762760106	21,399	970,903	SH		SOLE		376,529	0	594,374
RELYPSA INC	COM	759531106	7,901	427,055	SH		SOLE		361,325	0	65,730
ROSS STORES INC	COM	778296103	3,337	58,864	SH		SOLE		55,926	0	2,938
RAMCO-GERSHENSON PROPERTI	COM	751452202	1,074	54,786	SH		SOLE		54,786	0	0
RED ROBIN GOURMET BURGERS INC	COM	75689M101	15,910	335,433	SH		SOLE		270,657	0	64,776
RUDOLPH TECHNOLOGIES INC	COM	781270103	901	58,028	SH		SOLE		58,028	0	0
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	513	337,824	SH		SOLE		337,824	0	0
SPIRIT AIRLS INC	COM	848577102	14,820	330,293	SH		SOLE		279,149	0	51,144
SBA COMMUNICATIONS CORP CL A	COM	78388J106	2,938	27,218	SH		SOLE		25,854	0	1,364
STARBUCKS CORP	COM	855244109	572	10,016	SH		SOLE		10,016	0	0
COMSCORE INC	COM	20564W105	11,074	463,729	SH		SOLE		390,998	0	72,731
SPECTRA ENERGY CORPORATION	COM	847560109	994	27,143	SH		SOLE		25,820	0	1,323
SEI INVESTMENTS COMPANY	COM	784117103	4,316	89,710	SH		SOLE		2,330	0	87,380
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	2,795	257,138	SH		SOLE		5,671	0	251,467
SAFEGUARD SCIENTIFICS INC	COM	786449207	5,706	456,841	SH		SOLE		16,181	0	440,660
MADDEN STEVEN LTD	COM	556269108	17,704	517,960	SH		SOLE		436,043	0	81,917
SIGNET JEWELERS LTD	COM	G81276100	1,971	23,915	SH		SOLE		22,818	0	1,097
SIGMA DESIGNS INC	COM	826565103	3,147	489,502	SH		SOLE		416,995	0	72,507
SVB FINL GROUP	COM	78486Q101	3,555	37,363	SH		SOLE		35,898	0	1,465
SUPER MICRO COMPUTER INC	COM	86800U104	4,350	175,033	SH		SOLE		149,862	0	25,171
SNAP-ON INC	COM	833034101	2,387	15,123	SH		SOLE		14,365	0	758
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	8,188	256,991	SH		SOLE		218,162	0	38,829
S&P GLOBAL INC	COM	78409V104	3,464	32,300	SH		SOLE		30,696	0	1,604
SEQUENTIAL BRANDS GROUP INC	COM	81734P107	10,785	1,351,518	SH		SOLE		1,088,840	0	262,678
SAREPTA THERAPEUTICS INC	COM	803607100	4,491	235,506	SH		SOLE		199,466	0	36,040
STEEL DYNAMICS INC	COM	858119100	1,660	67,746	SH		SOLE		65,776	0	1,970
CONSTELLATION BRANDS INC	COM	21036P108	356	2,155	SH		SOLE		2,155	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	3,304	52,211	SH		SOLE		49,916	0	2,295
SYNAPTICS INC	COM	87157D109	923	17,169	SH		SOLE		17,169	0	0
SYNERGY RESOURCES CORPORATION	COM	87164P103	7,471	1,121,701	SH		SOLE		949,431	0	172,270
TELADOC INC	COM	87918A105	6,324	394,742	SH		SOLE		335,362	0	59,380
TELEFLEX INC	COM	879369106	1,867	10,527	SH		SOLE		279	0	10,248
TRIUMPH GROUP INC	COM	896818101	3,522	99,220	SH		SOLE		3,730	0	95,490
INTERFACE INC	COM	458665304	276	18,079	SH		SOLE		18,079	0	0
TILLY`S INC-CLASS A SHRS	COM	886885102	4,100	708,101	SH		SOLE		610,069	0	98,032
TENNANT CO	COM	880345103	10,762	199,781	SH		SOLE		168,981	0	30,800
TOLL BROS INC	COM	889478103	8,178	303,895	SH		SOLE		10,445	0	293,450
TUTOR PERINI CORPORATION	COM	901109108	20,135	854,984	SH		SOLE		680,944	0	174,040
LENDINGTREE INC	COM	52603B107	23,675	268,030	SH		SOLE		227,310	0	40,720
TREX INC	COM	89531P105	21,224	472,490	SH		SOLE		357,144	0	115,346
TRISTATE CAPITAL HOLDINGS	COM	89678F100	5,419	394,693	SH		SOLE		10,274	0	384,419
TETRA TECHNOLOGIES	COM	88162F105	240	37,725	SH		SOLE		37,725	0	0
TILE SHOP HLDGS INC	COM	88677Q109	12,201	613,714	SH		SOLE		514,224	0	99,490
UNDER ARMOUR INC	COM	904311107	1,288	32,094	SH		SOLE		30,604	0	1,490
UNDER ARMOUR INC CLASS C	COM	904311206	1,176	32,321	SH		SOLE		30,820	0	1,501
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	5,609	41,827	SH		SOLE		1,745	0	40,082
ULTA SALON COSMETICS & FRAGR	COM	90384S303	1,975	8,105	SH		SOLE		7,699	0	406
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	5,244	24,939	SH		SOLE		849	0	24,090
URBAN OUTFITTERS INC	COM	917047102	18,200	661,805	SH		SOLE		296,310	0	365,495
UNIVEST CORP PA	COM	915271100	1,106	52,594	SH		SOLE		2,904	0	49,690
VEEVA SYSTEMS INC	COM	922475108	37,201	1,090,309	SH		SOLE		933,714	0	156,595
VONAGE HOLDINGS CORP	COM	92886T201	29,589	4,850,651	SH		SOLE		4,230,271	0	620,380
VIRTU FINANCIAL INC CLASS A	COM	928254101	12,318	684,326	SH		SOLE		578,966	0	105,360
VULCAN MATERIALS COMPANY	COM	929160109	3,675	30,533	SH		SOLE		29,127	0	1,406
VIAD CORP	COM	92552R406	939	30,281	SH		SOLE		30,281	0	0
VWR CORP	COM	91843L103	7,782	269,290	SH		SOLE		9,340	0	259,950
WABTEC CORPORATION	COM	929740108	8,837	125,834	SH		SOLE		6,996	0	118,838
WELLCARE HEALTH PLANS INC	COM	94946T106	14,850	138,424	SH		SOLE		119,192	0	19,232
WALKER & DUNLOP INC	COM	93148P102	19,150	840,653	SH		SOLE		719,723	0	120,930
WHIRLPOOL CORPORATION	COM	963320106	2,781	16,690	SH		SOLE		15,925	0	765
WEIS MARKETS INC	COM	948849104	3,102	61,371	SH		SOLE		2,426	0	58,945
VCA ANTECH INC	COM	918194101	1,395	20,628	SH		SOLE		19,593	0	1,035
WEST PHARMACEUTICAL SVCS INC	COM	955306105	9,752	128,513	SH		SOLE		14,164	0	114,349
WEST CORP	COM	952355204	860	43,755	SH		SOLE		43,755	0	0
AQUA AMERICA INC	COM	03836W103	2,753	77,189	SH		SOLE		2,008	0	75,181
WHITEWAVE FOODS COMPANY	COM	966244105	2,902	61,834	SH		SOLE		58,734	0	3,100
XCERRA CORP	COM	98400J108	760	132,252	SH		SOLE		132,252	0	0
INTREXON CORP	COM	46122T102	7,946	322,897	SH		SOLE		258,086	0	64,811
EXONE CO	COM	302104104	371	35,103	SH		SOLE		480	0	34,623
DENTSPLY SIRONA INC	COM	24906P109	7,080	114,120	SH		SOLE		3,560	0	110,560
XACTLY CORPORATION	COM	98386L101	3,039	237,273	SH		SOLE		200,133	0	37,140
YORK WATER CO	COM	987184108	2,162	67,487	SH		SOLE		1,830	0	65,657
ZIOPHARM ONCOLOGY INC	COM	98973P101	3,028	551,521	SH		SOLE		471,622	0	79,899
ZYNERBA PHARMACEUTICALS INC	COM	98986X109	1,209	176,514	SH		SOLE		5,690	0	170,824