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	9,209	414,641	SH		SOLE		355,981	0	58,660
APPLE INC	COM	37833100	1,179	10,427	SH		SOLE		10,427	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	5,227	64,710	SH		SOLE		0	0	64,710
ABBOTT LABS	COM	2824100	1,915	45,291	SH		SOLE		43,254	0	2,037
AMERICAN CAMPUS CMNTYS INC	COM	24835100	1,030	20,254	SH		SOLE		2,174	0	18,080
ACADIA HEALTHCAREPANY INC	COM	00404A109	7,170	144,697	SH		SOLE		124,362	0	20,335
ACTUA CORP	COM	5094107	5,427	419,103	SH		SOLE		13,333	0	405,770
ADAMAS PHARMACEUTICALS INC	COM	00548A106	8,278	504,474	SH		SOLE		425,664	0	78,810
ALLIANCE DATA SYS CORP	COM	18581108	3,484	16,239	SH		SOLE		15,536	0	703
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	25,321	1,417,749	SH		SOLE		744,371	0	673,378
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	3,921	248,662	SH		SOLE		209,437	0	39,225
APPLIED GENETIC TECHNOLOGIES	COM	03820J100	2,837	290,046	SH		SOLE		247,336	0	42,710
AIMMUNE THERAPEUTICS INC	COM	00900T107	6,965	464,364	SH		SOLE		389,808	0	74,556
ALDER BIOPHARMACEUITICALS INC	COM	14339105	13,449	410,415	SH		SOLE		347,003	0	63,412
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	2,911	42,947	SH		SOLE		26,969	0	15,978
ALARM.COM HOLDINGS INC	COM	11642105	13,643	472,732	SH		SOLE		400,022	0	72,710
APPLIED MICRO CIRCUITS CORP	COM	03822W406	102	14,693	SH		SOLE		14,693	0	0
AMETEK INC	COM	31100100	1,963	41,090	SH		SOLE		575	0	40,515
AFFILIATED MANAGERS GROUP INC	COM	8252108	3,341	23,086	SH		SOLE		22,048	0	1,038
ALBANY MOLECULAR RESEARCH INC	COM	12423109	6,830	413,678	SH		SOLE		350,651	0	63,027
AMAZON.COM, INC	COM	23135106	1,161	1,387	SH		SOLE		1,387	0	0
ANSYS INC	COM	03662Q105	10,243	110,599	SH		SOLE		3,912	0	106,687
SMITH AO CORP	COM	831865209	479	4,853	SH		SOLE		4,609	0	244
ANADARKO PETROLEUM CORP	COM	32511107	759	11,984	SH		SOLE		11,397	0	587
APOGEE ENTERPRISES INC	COM	37598109	28,353	634,432	SH		SOLE		520,694	0	113,738
ARAMARK	COM	03852U106	7,778	204,530	SH		SOLE		5,300	0	199,230
ARRIS INTERNATIONAL PLC	COM	G0551A103	3,880	136,963	SH		SOLE		131,922	0	5,041
ASPEN AEROGELS	COM	04523Y105	77	12,882	SH		SOLE		12,882	0	0
ATRICURE INC	COM	04963C209	7,300	461,433	SH		SOLE		389,873	0	71,560
ACTIVISION BLIZZARD INC	COM	00507V109	2,551	57,579	SH		SOLE		54,882	0	2,697
BROADCOM LTD	COM	Y09827109	2,747	15,923	SH		SOLE		15,127	0	796
ARMSTRONG WORLD INDS INC	COM	04247X102	6,816	164,965	SH		SOLE		2,245	0	162,720
AXALTA COATING SYSTEMS LTD	COM	G0750C108	10,366	366,667	SH		SOLE		81,247	0	285,420
ACUITY BRANDS INC	COM	00508Y102	6,156	23,267	SH		SOLE		8,576	0	14,691
BRUNSWICK CORP	COM	117043109	1,584	32,476	SH		SOLE		31,153	0	1,323
BRANDYWINE RLTY TR SH BEN INT	COM	105368203	3,359	215,028	SH		SOLE		2,970	0	212,058
BIOTELEMETRY INC	COM	90672106	4,551	245,061	SH		SOLE		26,195	0	218,866
BERRY PLASTICS GROUP INC	COM	08579W103	8,371	190,890	SH		SOLE		160,720	0	30,170
BIG LOTS INC	COM	89302103	423	8,852	SH		SOLE		8,852	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	239	20,806	SH		SOLE		20,806	0	0
BLUEBIRD BIO INC	COM	09609G100	25,319	373,554	SH		SOLE		296,779	0	76,775
BRYN MAWR BK CORP	COM	117665109	1,239	38,717	SH		SOLE		0	0	38,717
BOFI HLDG INC	COM	05566U108	19,009	848,605	SH		SOLE		723,561	0	125,044
BURLINGTON STORES INC	COM	122017106	28,459	351,256	SH		SOLE		271,556	0	79,700
CITIGROUP INC	COM	172967424	245	5,183	SH		SOLE		5,183	0	0
CONAGRA FOODS INC	COM	205887102	1,056	22,415	SH		SOLE		21,427	0	988
META FINANCIAL GROUP, INC	COM	59100U108	378	6,242	SH		SOLE		6,242	0	0
CAVIUM INC	COM	14964U108	24,966	428,963	SH		SOLE		343,782	0	85,181
CALGON CARBON CORP COM	COM	129603106	1,623	107,000	SH		SOLE		2,710	0	104,290
CROWN HOLDINGS INC	COM	228368106	15,243	266,991	SH		SOLE		55,919	0	211,072
CNB FINL CORP PA	COM	126128107	10,587	500,349	SH		SOLE		24,151	0	476,198
COGENT COMMUNICATIONS HOLDINGS	COM	19239V302	8,791	238,817	SH		SOLE		201,997	0	36,820
CEDAR SHOPPING CTRS INC	COM	150602209	714	99,138	SH		SOLE		99,138	0	0
CHURCHILL DOWNS INC	COM	171484108	18,367	125,502	SH		SOLE		106,071	0	19,431
CHEGG INC	COM	163092109	14,650	2,066,302	SH		SOLE		1,757,452	0	308,850
CHUY`S HOLDINGS INC	COM	171604101	8,738	312,753	SH		SOLE		264,373	0	48,380
CIENA CORP	COM	171779309	16,751	768,409	SH		SOLE		649,931	0	118,478
CLIFFS NATURAL RESOURCES INC	COM	18683K101	256	43,827	SH		SOLE		43,827	0	0
CANTEL MEDICAL CORP	COM	138098108	8,924	114,444	SH		SOLE		96,724	0	17,720
CINEMARK HOLDINGS INC	COM	17243V102	3,405	88,939	SH		SOLE		84,749	0	4,190
CONNECTONE BANCORP INC	COM	20786W107	248	13,733	SH		SOLE		13,733	0	0
CABOT OIL & GAS CORP	COM	127097103	1,997	77,409	SH		SOLE		73,547	0	3,862
CYRUSONE INC	COM	23283R100	14,815	311,431	SH		SOLE		266,951	0	44,480
CALLON PETROLEUM CO	COM	13123X102	13,819	880,176	SH		SOLE		744,949	0	135,227
CARLISLE COS INC	COM	142339100	838	8,174	SH		SOLE		7,764	0	410
CORNERSTONE ONDEMAND INC	COM	21925Y103	15,738	342,510	SH		SOLE		290,180	0	52,330
CARRIAGE SVCS INC	COM	143905107	625	26,415	SH		SOLE		26,415	0	0
CATALENT INC	COM	148806102	1,947	75,346	SH		SOLE		71,565	0	3,781
CARETRUST REIT INC	COM	14174T107	13,177	891,527	SH		SOLE		757,897	0	133,630
CUBIC CORP	COM	229669106	518	11,075	SH		SOLE		11,075	0	0
CUBESMART	COM	229663109	8,425	309,047	SH		SOLE		73,259	0	235,788
CUSTOMERS BANCORP INC	COM	23204G100	16,200	643,888	SH		SOLE		252,933	0	390,955
CODORUS VALLEY BANCORP	COM	192025104	1,986	90,779	SH		SOLE		3,164	0	87,615
CYBERARK SOFTWARE LTD	COM	M2682V108	410	8,268	SH		SOLE		8,268	0	0
CITIZENS FINL SVCS INC	COM	174615104	2,112	41,905	SH		SOLE		1,125	0	40,780
DUCOMMUN INCORPORATED	COM	264147109	661	28,930	SH		SOLE		28,930	0	0
DOLLAR GENERAL	COM	256677105	1,735	24,787	SH		SOLE		23,542	0	1,245
DONEGAL GROUP INC J CL A	COM	257701201	2,204	136,813	SH		SOLE		1,490	0	135,323
DISNEY WALT PRODTNS	COM	254687106	529	5,699	SH		SOLE		5,699	0	0
DICKS SPORTING GOODS INC	COM	253393102	13,368	235,683	SH		SOLE		30,842	0	204,841
MASONITE INTERNATIONAL CORP	COM	575385109	15,996	257,297	SH		SOLE		217,647	0	39,650
DYCOM INDUSTRIES INC	COM	267475101	17,574	214,898	SH		SOLE		185,465	0	29,433
ELECTRONIC ARTS INC	COM	285512109	924	10,821	SH		SOLE		10,278	0	543
CHANNELADVISOR CORP	COM	159179100	8,958	692,807	SH		SOLE		591,584	0	101,223
EDUCATION REALTY TRUST INC	COM	28140H203	18,162	420,995	SH		SOLE		356,925	0	64,070
8X8 INC NEW	COM	282914100	28,960	1,876,875	SH		SOLE		1,590,918	0	285,957
EGALET CORP	COM	28226B104	1,730	227,279	SH		SOLE		8,066	0	219,213
EMPLOYERS HOLDINGS INC	COM	292218104	526	17,638	SH		SOLE		17,638	0	0
ELF BEAUTY INC	COM	26856L103	683	24,300	SH		SOLE		20,540	0	3,760
ELLIE MAE INC	COM	28849P100	13,158	124,953	SH		SOLE		104,028	0	20,925
EMCOR GROUP INC	COM	29084Q100	759	12,738	SH		SOLE		12,738	0	0
ENERSYS	COM	29275Y102	3,252	47,008	SH		SOLE		1,213	0	45,795
EPAM SYSTEMS INC	COM	29414B104	34,635	499,717	SH		SOLE		303,892	0	195,825
EQUINIX INC	COM	29444U700	1,655	4,593	SH		SOLE		4,363	0	230
EQT CORP	COM	26884L109	2,457	33,840	SH		SOLE		2,240	0	31,600
ERIE INDTY CO CL A	COM	29530P102	3,450	33,799	SH		SOLE		980	0	32,819
ENTERCOMMUNICATIONS CORP	COM	293639100	8,335	644,094	SH		SOLE		24,520	0	619,574
EVERYDAY HEALTH INC	COM	300415106	3,194	415,347	SH		SOLE		359,090	0	56,257
EVERI HOLDINGS INC	COM	30034T103	688	278,515	SH		SOLE		278,515	0	0
EDWARDS LIFESCIENCES	COM	28176E108	988	8,191	SH		SOLE		7,780	0	411
DIAMONDBACK ENERGY INC	COM	25278X109	2,833	29,349	SH		SOLE		28,094	0	1,255
FACEBOOK INC	COM	30303M102	1,227	9,563	SH		SOLE		9,563	0	0
FCB FINANCIAL HOLDINGS INC	COM	30255G103	14,463	376,338	SH		SOLE		318,768	0	57,570
1ST FIN BANCORP	COM	320209109	518	23,710	SH		SOLE		23,710	0	0
FEDERATED INVESTORS INC	COM	314211103	6,230	210,250	SH		SOLE		7,040	0	203,210
FITBIT INC	COM	33812L102	2,875	193,701	SH		SOLE		184,968	0	8,733
FIVE BELOW	COM	33829M101	30,400	754,520	SH		SOLE		473,286	0	281,234
FOOT LOCKER INC	COM	344849104	3,429	50,635	SH		SOLE		48,344	0	2,291
F N B CORP PA	COM	302520101	726	59,025	SH		SOLE		2,371	0	56,654
FIRST NBC BANK HOLDING CO	COM	32115D106	151	15,960	SH		SOLE		15,960	0	0
AMICUS THERAPEUTICS INC	COM	03152W109	10,025	1,354,790	SH		SOLE		1,149,170	0	205,620
1ST MERCHANTS	COM	320817109	709	26,518	SH		SOLE		26,518	0	0
FRESHPET INC	COM	358039105	5,833	674,325	SH		SOLE		17,849	0	656,476
GILEAD SCIENCES INC	COM	375558103	373	4,715	SH		SOLE		4,715	0	0
GIGAMON INC	COM	37518B102	15,043	274,502	SH		SOLE		232,371	0	42,131
GAMING AND LEISURE PROPERTIES INC.	COM	36467J108	8,759	261,864	SH		SOLE		6,762	0	255,102
GLU MOBILE INC	COM	379890106	192	85,913	SH		SOLE		85,913	0	0
GLOBAL MEDICAL REIT INC	COM	37954A204	3,539	362,650	SH		SOLE		306,420	0	56,230
GMS INC	COM	36251C103	10,545	474,372	SH		SOLE		392,560	0	81,812
GNC HOLDINGS INC	COM	36191G107	2,870	140,561	SH		SOLE		6,152	0	134,409
GENERAC HOLDINGS INC	COM	368736104	11,455	315,572	SH		SOLE		268,177	0	47,395
ALPHABET INC CL C	COM	02079K107	451	580	SH		SOLE		580	0	0
ALPHABET INC CLA A	COM	02079K305	466	580	SH		SOLE		580	0	0
GULFPORT ENERGY CORP	COM	402635304	412	14,577	SH		SOLE		14,577	0	0
GSV CAP CORP	COM	36191J101	3,607	764,195	SH		SOLE		628,778	0	135,417
GRAY TELEVISION INC	COM	389375106	710	68,563	SH		SOLE		68,563	0	0
GTT COMMUNICATIONS INC	COM	362393100	22,836	970,523	SH		SOLE		828,571	0	141,952
GREAT WESTERN BANCORP INC	COM	391416104	771	23,126	SH		SOLE		23,126	0	0
GUIDEWIRE SOFTWARE INC	COM	40171V100	13,467	224,520	SH		SOLE		188,950	0	35,570
HAIN CELESTIAL GROUP INC	COM	405217100	1,445	40,608	SH		SOLE		38,927	0	1,681
HEALTHCARE SVCS GROUP INC	COM	421906108	4,019	101,547	SH		SOLE		3,987	0	97,560
HOME DEPOT INC	COM	437076102	261	2,026	SH		SOLE		2,026	0	0
HFF INC CLASS A	COM	40418F108	3,367	121,579	SH		SOLE		3,720	0	117,859
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	1,755	76,553	SH		SOLE		72,708	0	3,845
HERSHA HOSPITALITY TR PRIORITY A SHS	COM	427825500	3,305	183,420	SH		SOLE		7,432	0	175,988
HEADWATERS INC	COM	42210P102	15,264	902,124	SH		SOLE		766,144	0	135,980
MARINEMAX INC	COM	567908108	9,671	461,606	SH		SOLE		390,626	0	70,980
INSTALLED BUILDING PRODUCTS	COM	45780R101	21,460	598,279	SH		SOLE		508,875	0	89,404
IntercontinentalExchange Group, Inc	COM	45866F104	681	2,528	SH		SOLE		2,528	0	0
ICF INTERNATIONAL INC	COM	44925C103	362	8,158	SH		SOLE		8,158	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	12,522	76,079	SH		SOLE		53,648	0	22,431
INTERVAL LEISURE GROUP	COM	46113M108	529	30,797	SH		SOLE		30,797	0	0
II-VI INC	COM	902104108	5,721	235,154	SH		SOLE		8,104	0	227,050
IMAX CORP	COM	45245E109	11,958	412,755	SH		SOLE		363,217	0	49,538
IMPERVA INC	COM	45321L100	16,459	306,440	SH		SOLE		224,636	0	81,804
INCYTE PHARMACEUTICALS INC	COM	45337C102	3,689	39,128	SH		SOLE		37,284	0	1,844
INOVIO PHARMACEUTICALS INC	COM	45773H201	1,899	203,737	SH		SOLE		16,205	0	187,532
INSMED INC	COM	457669307	14,529	1,000,610	SH		SOLE		844,194	0	156,416
INTUIT INC	COM	461202103	2,912	26,474	SH		SOLE		25,151	0	1,323
IPG PHOTONICS CORP	COM	44980X109	10,138	123,112	SH		SOLE		103,761	0	19,351
INPHI CORP	COM	45772F107	5,835	134,113	SH		SOLE		112,923	0	21,190
INDEPENDENCE REALTY TRUST INC	COM	45378A106	5,925	658,362	SH		SOLE		18,957	0	639,405
INTEGER HOLDINGS CORP	COM	45826H109	7,093	327,020	SH		SOLE		275,480	0	51,540
JACK IN THE BOX INC	COM	466367109	25,735	268,244	SH		SOLE		199,980	0	68,264
JAKKS PACIFIC	COM	47012E106	153	17,682	SH		SOLE		17,682	0	0
JONES ENERGY INC	COM	48019R108	122	34,140	SH		SOLE		34,140	0	0
JONES SODA CO	COM	48023P106	28	65,640	SH		SOLE		65,640	0	0
KATE SPADE & CO	COM	485865109	8,060	470,544	SH		SOLE		407,799	0	62,745
KFORCE INC	COM	493732101	451	21,992	SH		SOLE		21,992	0	0
KORN FERRY INTERNATIONAL	COM	500643200	1,298	61,828	SH		SOLE		59,750	0	2,078
KLX INC	COM	482539103	8,049	228,660	SH		SOLE		194,038	0	34,622
KENNAMETAL INC	COM	489170100	2,595	89,410	SH		SOLE		1,250	0	88,160
KNOLL INC	COM	498904200	19,579	856,865	SH		SOLE		434,698	0	422,167
COCA COLA CO	COM	191216100	200	4,733	SH		SOLE		4,733	0	0
KONA GRILL INC	COM	50047H201	247	19,633	SH		SOLE		19,633	0	0
KOPPERS HOLDINGS INC	COM	50060P106	3,772	117,213	SH		SOLE		20,183	0	97,030
K2M GROUP HOLDINGS INC	COM	48273J107	12,896	725,315	SH		SOLE		613,184	0	112,131
LAZARD LTD-CL A	COM	G54050102	1,575	43,311	SH		SOLE		41,343	0	1,968
LUMENTUM HOLDINGS INC	COM	55024U109	19,275	461,453	SH		SOLE		367,620	0	93,833
LIVE OAK BANCSHARES INC	COM	53803X105	7,146	495,532	SH		SOLE		431,814	0	63,718
LIBERTY PPTY TR SH BEN INT	COM	531172104	11,089	274,825	SH		SOLE		11,085	0	263,740
LULULEMON ATHLETICA INC	COM	550021109	656	10,750	SH		SOLE		10,313	0	437
SOUTHWEST AIR	COM	844741108	5,204	133,801	SH		SOLE		128,073	0	5,728
MID-AMER APT CMNTYS INC	COM	59522J103	1,296	13,790	SH		SOLE		13,097	0	693
MASCO CORP	COM	574599106	3,000	87,436	SH		SOLE		83,376	0	4,060
MATTHEWS INTL CORP CL A	COM	577128101	28,272	465,313	SH		SOLE		234,159	0	231,154
MALIBU BOATS INC-CLASS A	COM	56117J100	3,716	249,370	SH		SOLE		206,920	0	42,450
MEETME INC	COM	585141104	902	145,560	SH		SOLE		3,270	0	142,290
MERCER INTERNATIONAL INC	COM	588056101	701	82,706	SH		SOLE		82,706	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	2,652	101,874	SH		SOLE		96,757	0	5,117
MACROGENICS INC	COM	556099109	12,261	409,942	SH		SOLE		302,648	0	107,294
MIDDLEBY CORP	COM	596278101	5,800	46,915	SH		SOLE		33,564	0	13,351
MALVERN BANCORP INC	COM	561409103	1,047	63,833	SH		SOLE		1,660	0	62,173
MARCUS & MILLICHAP INC	COM	566324109	1,731	66,178	SH		SOLE		9,230	0	56,948
MONSTER BEVERAGE CORPORATION	COM	61174X109	3,494	23,801	SH		SOLE		22,744	0	1,057
MODEL N INC	COM	607525102	7,894	710,571	SH		SOLE		602,919	0	107,652
MID PENN BANCORP INC	COM	59540G107	706	36,205	SH		SOLE		938	0	35,267
MERCURY SYSTEMS INC	COM	589378108	12,310	501,007	SH		SOLE		422,234	0	78,773
MICROSEMI CORP	COM	595137100	29,162	694,670	SH		SOLE		558,567	0	136,103
MICROSOFT CORP	COM	594918104	953	16,538	SH		SOLE		16,538	0	0
MICROSTRATEGY INC	COM	594972408	26,003	155,295	SH		SOLE		120,591	0	34,704
MATADOR RESOURCES CO	COM	576485205	3,222	132,390	SH		SOLE		111,400	0	20,990
MERITAGE CORP	COM	59001A102	3,084	88,880	SH		SOLE		75,150	0	13,730
MACOM TECHNOLOGY SOLUTIONS	COM	55405Y100	12,589	297,339	SH		SOLE		251,544	0	45,795
MASTEC INC	COM	576323109	700	23,531	SH		SOLE		23,531	0	0
NEUROCRINE BIOSCIENCES, INC	COM	64125C109	13,006	256,829	SH		SOLE		217,039	0	39,790
NEOGENOMICS INC	COM	64049M209	4,712	573,226	SH		SOLE		482,562	0	90,664
NANTHEALTH INC	COM	630104107	8,294	630,701	SH		SOLE		504,276	0	126,425
NN INC	COM	629337106	428	23,467	SH		SOLE		23,467	0	0
SERVICENOW INC	COM	81762P102	2,808	35,472	SH		SOLE		33,874	0	1,598
NUTRI SYS INC NEW	COM	67069D108	28,299	953,155	SH		SOLE		430,598	0	522,557
NVIDIA CORPORATION	COM	67066G104	1,649	24,066	SH		SOLE		22,857	0	1,209
NORTHWEST BANCSHARES INC MD	COM	667340103	3,094	196,947	SH		SOLE		2,140	0	194,807
NEXSTAR BROADCASTING GROUP ICL A	COM	65336K103	17,158	297,320	SH		SOLE		251,470	0	45,850
OCEANFIRST FINANCIAL CORP	COM	675234108	337	17,488	SH		SOLE		17,488	0	0
CORP OFFICE PRO	COM	22002T108	765	26,980	SH		SOLE		26,980	0	0
OLLIE`S BARGAIN OUTLET HOLDINGS	COM	681116109	18,312	698,654	SH		SOLE		399,245	0	299,409
OMNICELL INC	COM	68213N109	5,079	132,620	SH		SOLE		111,570	0	21,050
ON SEMICONDUCTOR CORPORATION	COM	682189105	2,221	180,307	SH		SOLE		171,271	0	9,036
SPARK THERAPEUTICS INC	COM	84652J103	2,312	38,490	SH		SOLE		540	0	37,950
OPUS BANK	COM	684000102	26,101	737,943	SH		SOLE		629,633	0	108,310
ORBCOMM INC	COM	68555P100	303	29,542	SH		SOLE		29,542	0	0
O`REILLY AUTOMOTIVE INC	COM	67103H107	1,645	5,874	SH		SOLE		5,580	0	294
ORRSTOWN FINL SVCS INC	COM	687380105	4,363	220,936	SH		SOLE		6,419	0	214,517
BANK OF THE OZARKS INC	COM	63904106	27,908	726,772	SH		SOLE		621,848	0	104,924
PACWEST BANCORP DEL	COM	695263103	1,337	31,165	SH		SOLE		29,620	0	1,545
PALO ALTO NETWORKS, INC	COM	697435105	3,391	21,285	SH		SOLE		20,302	0	983
VERIFONE SYSTEMS INC	COM	92342Y109	1,181	75,027	SH		SOLE		71,259	0	3,768
PENNSYLVANIA REAL ESTATE INVSHS BEN INT	COM	709102107	4,761	206,718	SH		SOLE		7,792	0	198,926
PENN NATL GAMING INC	COM	707569109	21,849	1,610,063	SH		SOLE		689,520	0	920,543
PEOPLES FINANCIAL SERVICES CORP	COM	711040105	3,445	84,518	SH		SOLE		3,318	0	81,200
PROOFPOINT INC	COM	743424103	26,128	349,076	SH		SOLE		271,243	0	77,833
PROVIDENT FINL SVCS INC	COM	74386T105	624	29,377	SH		SOLE		29,377	0	0
PGT, INC.	COM	69336V101	305	28,570	SH		SOLE		28,570	0	0
DAVE & BUSTER`S ENTERTAINMENT INC.	COM	238337109	6,175	157,616	SH		SOLE		133,429	0	24,187
PLANET FITNESS INC	COM	72703H101	10,827	539,479	SH		SOLE		457,509	0	81,970
Plug Power, Inc	COM	72919P202	17	10,015	SH		SOLE		10,015	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	13,728	518,837	SH		SOLE		432,477	0	86,360
PERFICIENT INC	COM	71375U101	726	36,025	SH		SOLE		36,025	0	0
PAREXEL INTL CORP	COM	699462107	4,827	69,500	SH		SOLE		58,360	0	11,140
PORTOLA PHARMACEUTICALS INC	COM	737010108	16,886	743,559	SH		SOLE		630,358	0	113,201
PENNS WOODS BANCORP INC	COM	708430103	6,354	142,915	SH		SOLE		5,881	0	137,034
PAYPAL HOLDINGS INC	COM	70450Y103	661	16,128	SH		SOLE		15,536	0	592
QTS REALTY TRUST INC	COM	74736A103	24,655	466,505	SH		SOLE		376,835	0	89,670
RITE AID CORP	COM	767754104	1,077	140,000	SH		SOLE		3,634	0	136,366
ULTRAGENYX PHARMACEUTICAL INC	COM	90400D108	19,153	269,983	SH		SOLE		213,684	0	56,299
ROYAL BANCSHARES OF PENNSYLVANIA INC	COM	780081105	525	222,343	SH		SOLE		36,520	0	185,823
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	892	11,902	SH		SOLE		11,304	0	598
RADIAN GROUP INC	COM	750236101	3,859	284,810	SH		SOLE		10,980	0	273,830
REATA PHARMACEUTICALS INC	COM	75615P103	6,350	240,878	SH		SOLE		202,948	0	37,930
REX ENERGY CORPORATION	COM	761565100	220	376,310	SH		SOLE		126,310	0	250,000
RICE ENERGY	COM	762760106	30,452	1,166,310	SH		SOLE		537,124	0	629,186
ROSS STORES INC	COM	778296103	1,806	28,082	SH		SOLE		26,672	0	1,410
RAMCO-GERSHENSON PROPERTI	COM	751452202	689	36,757	SH		SOLE		36,757	0	0
RED ROBIN GOURMET BURGERS INC	COM	75689M101	8,630	192,031	SH		SOLE		148,815	0	43,216
RUDOLPH TECHNOLOGIES INC	COM	781270103	556	31,316	SH		SOLE		31,316	0	0
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	33	28,623	SH		SOLE		28,623	0	0
SPIRIT AIRLS INC	COM	848577102	15,938	374,743	SH		SOLE		316,669	0	58,074
SBA COMMUNICATIONS CORP CL A	COM	78388J106	3,070	27,368	SH		SOLE		26,004	0	1,364
STARBUCKS CORP	COM	855244109	542	10,016	SH		SOLE		10,016	0	0
COMSCORE INC	COM	20564W105	14,032	457,657	SH		SOLE		384,926	0	72,731
SEI INVESTMENTS COMPANY	COM	784117103	4,041	88,600	SH		SOLE		1,220	0	87,380
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	3,409	252,542	SH		SOLE		1,075	0	251,467
SAFEGUARD SCIENTIFICS INC	COM	786449207	5,921	456,841	SH		SOLE		16,181	0	440,660
MADDEN STEVEN LTD	COM	556269108	17,689	511,841	SH		SOLE		429,924	0	81,917
SIGNET JEWELERS LTD	COM	G81276100	1,782	23,915	SH		SOLE		22,818	0	1,097
SIGMA DESIGNS INC	COM	826565103	2,982	382,748	SH		SOLE		324,111	0	58,637
SVB FINL GROUP	COM	78486Q101	3,935	35,597	SH		SOLE		34,132	0	1,465
SIX FLAGS ENTERTAINMENT CORP	COM	83001A102	2,887	53,848	SH		SOLE		51,144	0	2,704
SUPER MICRO COMPUTER INC	COM	86800U104	258	11,050	SH		SOLE		11,050	0	0
SNAP-ON INC	COM	833034101	2,298	15,123	SH		SOLE		14,365	0	758
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	10,473	254,333	SH		SOLE		215,504	0	38,829
S&P GLOBAL INC	COM	78409V104	4,088	32,300	SH		SOLE		30,696	0	1,604
SEQUENTIAL BRANDS GROUP INC	COM	81734P107	11,748	1,468,455	SH		SOLE		1,183,590	0	284,865
SAREPTA THERAPEUTICS INC	COM	803607100	15,250	248,327	SH		SOLE		208,697	0	39,630
STEEL DYNAMICS INC	COM	858119100	1,051	42,045	SH		SOLE		40,260	0	1,785
CONSTELLATION BRANDS INC	COM	21036P108	359	2,155	SH		SOLE		2,155	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	3,836	50,379	SH		SOLE		48,179	0	2,200
SYNAPTICS INC	COM	87157D109	672	11,475	SH		SOLE		11,475	0	0
SYNERGY RESOURCES CORPORATION	COM	87164P103	147	21,162	SH		SOLE		21,162	0	0
TELADOC INC	COM	87918A105	7,029	383,880	SH		SOLE		324,500	0	59,380
TELEFLEX INC	COM	879369106	1,747	10,398	SH		SOLE		150	0	10,248
TRIUMPH GROUP INC	COM	896818101	2,766	99,220	SH		SOLE		3,730	0	95,490
THOR INDUSTRIES INC	COM	885160101	1,660	19,599	SH		SOLE		18,613	0	986
INTERFACE INC	COM	458665304	281	16,849	SH		SOLE		16,849	0	0
TILLY`S INC-CLASS A SHRS	COM	886885102	6,562	698,811	SH		SOLE		600,779	0	98,032
TENNANT CO	COM	880345103	13,383	206,526	SH		SOLE		175,726	0	30,800
TOLL BROS INC	COM	889478103	13,611	455,835	SH		SOLE		70,044	0	385,791
TUTOR PERINI CORPORATION	COM	901109108	18,422	858,034	SH		SOLE		683,994	0	174,040
LENDINGTREE INC	COM	52603B107	25,667	264,850	SH		SOLE		224,130	0	40,720
TREX INC	COM	89531P105	25,660	436,989	SH		SOLE		325,247	0	111,742
TABULA RASA HEALTHCARE INC	COM	873379101	3,989	278,540	SH		SOLE		235,710	0	42,830
TRISTATE CAPITAL HOLDINGS	COM	89678F100	6,374	394,693	SH		SOLE		10,274	0	384,419
TETRA TECHNOLOGIES	COM	88162F105	230	37,725	SH		SOLE		37,725	0	0
TILE SHOP HLDGS INC	COM	88677Q109	9,975	602,714	SH		SOLE		503,224	0	99,490
TAKE TWO INTERACTIVE SOFTWARE	COM	874054109	19,440	431,232	SH		SOLE		364,191	0	67,041
UNDER ARMOUR INC	COM	904311107	1,241	32,094	SH		SOLE		30,604	0	1,490
UNDER ARMOUR INC CLASS C	COM	904311206	1,081	31,936	SH		SOLE		30,436	0	1,500
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	5,154	41,827	SH		SOLE		1,745	0	40,082
ULTA SALON COSMETICS & FRAGR	COM	90384S303	1,929	8,105	SH		SOLE		7,699	0	406
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	5,097	24,939	SH		SOLE		849	0	24,090
URBAN OUTFITTERS INC	COM	917047102	23,455	679,475	SH		SOLE		291,980	0	387,495
USA TECHNOLOGIES INC	COM	90328S500	956	170,631	SH		SOLE		2,400	0	168,231
UNIVEST CORP PA	COM	915271100	1,876	80,294	SH		SOLE		4,454	0	75,840
VEEVA SYSTEMS INC	COM	922475108	43,535	1,054,619	SH		SOLE		900,634	0	153,985
VONAGE HOLDINGS CORP	COM	92886T201	31,231	4,724,757	SH		SOLE		4,104,377	0	620,380
VIRTU FINANCIAL INC CLASS A	COM	928254101	8,116	542,121	SH		SOLE		457,371	0	84,750
VULCAN MATERIALS COMPANY	COM	929160109	3,561	31,307	SH		SOLE		29,901	0	1,406
VARONIS SYSTEMS INC	COM	922280102	8,431	280,101	SH		SOLE		236,941	0	43,160
VIAD CORP	COM	92552R406	728	19,744	SH		SOLE		19,744	0	0
VWR CORP	COM	91843L103	7,637	269,290	SH		SOLE		9,340	0	259,950
WABTEC CORPORATION	COM	929740108	15,756	192,974	SH		SOLE		51,440	0	141,534
WELLCARE HEALTH PLANS INC	COM	94946T106	12,340	105,386	SH		SOLE		90,352	0	15,034
WALKER & DUNLOP INC	COM	93148P102	12,555	497,044	SH		SOLE		418,278	0	78,766
WEB.COM GROUP INC	COM	94733A104	349	20,214	SH		SOLE		20,214	0	0
WEIS MARKETS INC	COM	948849104	3,814	71,971	SH		SOLE		2,586	0	69,385
VCA ANTECH INC	COM	918194101	1,775	25,365	SH		SOLE		24,092	0	1,273
WEST PHARMACEUTICAL SVCS INC	COM	955306105	9,574	128,513	SH		SOLE		14,164	0	114,349
WEST CORP	COM	952355204	642	29,068	SH		SOLE		29,068	0	0
AQUA AMERICA INC	COM	03836W103	806	26,459	SH		SOLE		698	0	25,761
XCERRA CORP	COM	98400J108	537	88,623	SH		SOLE		88,623	0	0
INTREXON CORP	COM	46122T102	6,905	246,439	SH		SOLE		192,330	0	54,109
DENTSPLY SIRONA INC	COM	24906P109	6,782	114,120	SH		SOLE		3,560	0	110,560
XACTLY CORPORATION	COM	98386L101	7,833	532,164	SH		SOLE		456,494	0	75,670
YORK WATER CO	COM	987184108	2,002	67,487	SH		SOLE		1,830	0	65,657
ZAGG INC	COM	98884U108	376	46,398	SH		SOLE		46,398	0	0
ZIOPHARM ONCOLOGY INC	COM	98973P101	69	12,307	SH		SOLE		12,307	0	0
ZYNGA INC	COM	98986T108	1,042	358,022	SH		SOLE		342,019	0	16,003
ZYNERBA PHARMACEUTICALS INC	COM	98986X109	2,304	176,514	SH		SOLE		5,690	0	170,824