| 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 |
| ABM Industries Inc. | COM | 000957100 | 26,493 | 1,191,215 | SH | | SOLE | | 851,125 | 0 | 340,090 |
| Actuant Corp. (Cl A) | COM | 00508X203 | 75,108 | 2,452,910 | SH | | SOLE | | 1,766,115 | 0 | 686,795 |
| Advance Auto Parts Inc. | COM | 00751Y106 | 24,083 | 291,385 | SH | | SOLE | | 214,635 | 0 | 76,750 |
| Advent Software Inc. | COM | 007974108 | 26,689 | 954,195 | SH | | SOLE | | 682,170 | 0 | 272,025 |
| Advisory Board Co. | COM | 00762W107 | 342 | 6,510 | SH | | SOLE | | 6,180 | 0 | 330 |
| Allied World Assurance Company | COM | H01531104 | 119,135 | 1,284,885 | SH | | SOLE | | 923,565 | 0 | 361,320 |
| Altera Corp. | COM | 021441100 | 27,937 | 787,835 | SH | | SOLE | | 579,935 | 0 | 207,900 |
| Alterra Capital Holdings Ltd. | COM | G0229R108 | 22,743 | 722,230 | SH | | SOLE | | 517,330 | 0 | 204,900 |
| AmTrust Financial Services Inc | COM | 032359309 | 31,565 | 910,970 | SH | | SOLE | | 651,900 | 0 | 259,070 |
| Ametek Inc. | COM | 031100100 | 9,299 | 214,450 | SH | | SOLE | | 158,025 | 0 | 56,425 |
| Ansys Inc. | COM | 03662Q105 | 15,446 | 189,705 | SH | | SOLE | | 138,805 | 0 | 50,900 |
| Approach Resources Inc. | COM | 03834A103 | 46,876 | 1,904,770 | SH | | SOLE | | 1,360,735 | 0 | 544,035 |
| AptarGroup Inc. | COM | 038336103 | 71,743 | 1,250,965 | SH | | SOLE | | 896,655 | 0 | 354,310 |
| Arcos Dorados Holdings Inc. (C | COM | G0457F107 | 10,801 | 818,265 | SH | | SOLE | | 601,715 | 0 | 216,550 |
| Argo Group International Holdi | COM | G0464B107 | 41,579 | 1,004,815 | SH | | SOLE | | 719,150 | 0 | 285,665 |
| Arthur J. Gallagher & Co. | COM | 363576109 | 31,934 | 773,025 | SH | | SOLE | | 570,450 | 0 | 202,575 |
| Aspen Insurance Holdings | COM | G05384105 | 50,924 | 1,319,960 | SH | | SOLE | | 944,640 | 0 | 375,320 |
| Avon Products Inc. | COM | 054303102 | 14,881 | 717,855 | SH | | SOLE | | 527,255 | 0 | 190,600 |
| Beam Inc | COM | 073730103 | 14,899 | 234,480 | SH | | SOLE | | 172,880 | 0 | 61,600 |
| Bed Bath & Beyond Inc. | COM | 075896100 | 32,835 | 509,700 | SH | | SOLE | | 375,900 | 0 | 133,800 |
| Bio-Rad Laboratories Inc. (Cl | COM | 090572207 | 91,569 | 726,735 | SH | | SOLE | | 526,070 | 0 | 200,665 |
| Bio-Reference Laboratories, In | COM | 09057G602 | 18,937 | 728,910 | SH | | SOLE | | 521,050 | 0 | 207,860 |
| Bottomline Technologies Inc. | COM | 101388106 | 40,762 | 1,429,735 | SH | | SOLE | | 1,022,175 | 0 | 407,560 |
| Brady Corp. (Cl A) | COM | 104674106 | 24,365 | 726,650 | SH | | SOLE | | 519,330 | 0 | 207,320 |
| Bryn Mawr Bank Corp. | COM | 117665109 | 16,554 | 711,095 | SH | | SOLE | | 506,790 | 0 | 204,305 |
| C.R. Bard Inc. | COM | 067383109 | 28,574 | 283,525 | SH | | SOLE | | 209,500 | 0 | 74,025 |
| CLARCOR Inc. | COM | 179895107 | 62,207 | 1,187,610 | SH | | SOLE | | 847,520 | 0 | 340,090 |
| Cardtronics Inc. | COM | 14161H108 | 36,648 | 1,334,585 | SH | | SOLE | | 953,300 | 0 | 381,285 |
| CareFusion Corp. | COM | 14170T101 | 38,541 | 1,101,475 | SH | | SOLE | | 809,025 | 0 | 292,450 |
| Casey's General Stores Inc. | COM | 147528103 | 45,313 | 777,235 | SH | | SOLE | | 555,455 | 0 | 221,780 |
| Cepheid | COM | 15670R107 | 42,054 | 1,096,000 | SH | | SOLE | | 793,410 | 0 | 302,590 |
| Check Point Software Technolog | COM | M22465104 | 22,926 | 487,900 | SH | | SOLE | | 361,000 | 0 | 126,900 |
| Church & Dwight Co. | COM | 171340102 | 9,629 | 148,985 | SH | | SOLE | | 107,985 | 0 | 41,000 |
| Clorox Co. | COM | 189054109 | 31,815 | 359,375 | SH | | SOLE | | 264,425 | 0 | 94,950 |
| CoStar Group Inc. | COM | 22160N109 | 12,986 | 118,640 | SH | | SOLE | | 82,485 | 0 | 36,155 |
| Community Bank System Inc. | COM | 203607106 | 26,156 | 882,745 | SH | | SOLE | | 631,230 | 0 | 251,515 |
| Concho Resources Inc. | COM | 20605P101 | 14,020 | 143,900 | SH | | SOLE | | 105,650 | 0 | 38,250 |
| Concur Technologies Inc. | COM | 206708109 | 7,988 | 116,345 | SH | | SOLE | | 85,470 | 0 | 30,875 |
| Cullen/Frost Bankers Inc. | COM | 229899109 | 12,347 | 197,455 | SH | | SOLE | | 145,655 | 0 | 51,800 |
| Denbury Resources Inc. | COM | 247916208 | 36,814 | 1,973,915 | SH | | SOLE | | 1,454,215 | 0 | 519,700 |
| Dover Corp. | COM | 260003108 | 39,361 | 540,075 | SH | | SOLE | | 398,425 | 0 | 141,650 |
| Elizabeth Arden Inc. | COM | 28660G106 | 38,310 | 951,805 | SH | | SOLE | | 679,815 | 0 | 271,990 |
| EnPro Industries Inc. | COM | 29355X107 | 60,676 | 1,185,765 | SH | | SOLE | | 845,675 | 0 | 340,090 |
| Endurance Specialty Holdings L | COM | G30397106 | 60,296 | 1,261,160 | SH | | SOLE | | 906,540 | 0 | 354,620 |
| Energizer Holdings Inc. | COM | 29266R108 | 31,712 | 317,980 | SH | | SOLE | | 233,705 | 0 | 84,275 |
| Esterline Technologies Corp. | COM | 297425100 | 65,230 | 861,690 | SH | | SOLE | | 622,540 | 0 | 239,150 |
| FARO Technologies Inc. | COM | 311642102 | 21,226 | 489,190 | SH | | SOLE | | 352,460 | 0 | 136,730 |
| First Republic Bank | COM | 33616C100 | 13,161 | 340,775 | SH | | SOLE | | 251,050 | 0 | 89,725 |
| Flotek Industries Inc. | COM | 343389102 | 7,388 | 451,890 | SH | | SOLE | | 323,130 | 0 | 128,760 |
| Genomic Health Inc. | COM | 37244C101 | 23,917 | 845,720 | SH | | SOLE | | 600,135 | 0 | 245,585 |
| Guidewire Software Inc. | COM | 40171V100 | 45,298 | 1,178,420 | SH | | SOLE | | 846,795 | 0 | 331,625 |
| H.J. Heinz Co. | COM | 423074103 | 30,564 | 422,915 | SH | | SOLE | | 311,490 | 0 | 111,425 |
| Harris Teeter Supermarkets Inc | COM | 414585109 | 71,402 | 1,671,780 | SH | | SOLE | | 1,195,555 | 0 | 476,225 |
| Hormel Foods Corp. | COM | 440452100 | 10,993 | 266,040 | SH | | SOLE | | 196,190 | 0 | 69,850 |
| Hub Group Inc. (Cl A) | COM | 443320106 | 27,839 | 723,845 | SH | | SOLE | | 518,890 | 0 | 204,955 |
| IDEX Corp. | COM | 45167R104 | 76,825 | 1,438,130 | SH | | SOLE | | 1,039,760 | 0 | 398,370 |
| IHS Inc. (Cl A) | COM | 451734107 | 17,706 | 169,080 | SH | | SOLE | | 125,330 | 0 | 43,750 |
| Illumina Inc. | COM | 452327109 | 23,933 | 443,365 | SH | | SOLE | | 325,265 | 0 | 118,100 |
| Independent Bank Corp. | COM | 453836108 | 15,860 | 486,640 | SH | | SOLE | | 349,600 | 0 | 137,040 |
| Integra LifeSciences Holdings | COM | 457985208 | 51,430 | 1,318,385 | SH | | SOLE | | 943,915 | 0 | 374,470 |
| Intuit Inc. | COM | 461202103 | 35,150 | 535,340 | SH | | SOLE | | 395,390 | 0 | 139,950 |
| J.M. Smucker Co. | COM | 832696405 | 340 | 3,425 | SH | | SOLE | | 3,425 | 0 | 0 |
| Jack Henry & Associates Inc. | COM | 426281101 | 55,932 | 1,210,395 | SH | | SOLE | | 872,825 | 0 | 337,570 |
| John Wiley & Sons Inc. (Cl A) | COM | 968223206 | 63,492 | 1,629,670 | SH | | SOLE | | 1,168,645 | 0 | 461,025 |
| K12 Inc. | COM | 48273U102 | 27,332 | 1,133,655 | SH | | SOLE | | 811,325 | 0 | 322,330 |
| Kaydon Corp. | COM | 486587108 | 18,678 | 730,195 | SH | | SOLE | | 525,155 | 0 | 205,040 |
| Kellogg Co. | COM | 487836108 | 27,554 | 427,660 | SH | | SOLE | | 312,285 | 0 | 115,375 |
| Key Energy Services Inc. | COM | 492914106 | 19,320 | 2,391,150 | SH | | SOLE | | 1,710,270 | 0 | 680,880 |
| Laboratory Corp. of America Ho | COM | 50540R409 | 30,304 | 335,960 | SH | | SOLE | | 248,585 | 0 | 87,375 |
| Lancaster Colony Corp. | COM | 513847103 | 55,571 | 721,695 | SH | | SOLE | | 517,340 | 0 | 204,355 |
| Landstar System Inc. | COM | 515098101 | 27,525 | 482,140 | SH | | SOLE | | 345,450 | 0 | 136,690 |
| Life Technologies Corp. | COM | 53217V109 | 27,533 | 426,010 | SH | | SOLE | | 312,885 | 0 | 113,125 |
| LogMeIn Inc. | COM | 54142L109 | 18,574 | 966,385 | SH | | SOLE | | 687,360 | 0 | 279,025 |
| Lufkin Industries Inc. | COM | 549764108 | 71,784 | 1,081,240 | SH | | SOLE | | 775,145 | 0 | 306,095 |
| Luminex Corp. | COM | 55027E102 | 27,735 | 1,678,865 | SH | | SOLE | | 1,199,350 | 0 | 479,515 |
| MarketAxess Holdings Inc. | COM | 57060D108 | 18,186 | 487,570 | SH | | SOLE | | 347,465 | 0 | 140,105 |
| Masimo Corp. | COM | 574795100 | 42,422 | 2,162,185 | SH | | SOLE | | 1,546,725 | 0 | 615,460 |
| Mead Johnson Nutrition Co. | COM | 582839106 | 14,523 | 187,510 | SH | | SOLE | | 138,960 | 0 | 48,550 |
| Measurement Specialties Inc. | COM | 583421102 | 33,263 | 836,390 | SH | | SOLE | | 598,510 | 0 | 237,880 |
| Medidata Solutions Inc. | COM | 58471A105 | 17,039 | 293,870 | SH | | SOLE | | 201,845 | 0 | 92,025 |
| Micros Systems Inc. | COM | 594901100 | 33,099 | 727,280 | SH | | SOLE | | 536,630 | 0 | 190,650 |
| Mistras Group Inc. | COM | 60649T107 | 23,452 | 968,690 | SH | | SOLE | | 695,715 | 0 | 272,975 |
| Molson Coors Brewing Co. (Cl B | COM | 60871R209 | 27,822 | 568,600 | SH | | SOLE | | 419,300 | 0 | 149,300 |
| Morningstar Inc. | COM | 617700109 | 48,775 | 697,580 | SH | | SOLE | | 501,820 | 0 | 195,760 |
| National Instruments Corp. | COM | 636518102 | 76,662 | 2,340,824 | SH | | SOLE | | 1,686,954 | 0 | 653,870 |
| Navigators Group Inc. | COM | 638904102 | 34,878 | 593,670 | SH | | SOLE | | 424,055 | 0 | 169,615 |
| Northern Oil and Gas Inc. | COM | 665531109 | 24,008 | 1,669,515 | SH | | SOLE | | 1,193,660 | 0 | 475,855 |
| Northern Trust Corp. | COM | 665859104 | 37,457 | 686,550 | SH | | SOLE | | 505,700 | 0 | 180,850 |
| NuVasive Inc. | COM | 670704105 | 40,785 | 1,913,890 | SH | | SOLE | | 1,369,695 | 0 | 544,195 |
| Oil States International Inc. | COM | 678026105 | 18,908 | 231,805 | SH | | SOLE | | 170,380 | 0 | 61,425 |
| Owens & Minor Inc. | COM | 690732102 | 15,832 | 486,240 | SH | | SOLE | | 349,210 | 0 | 137,030 |
| PDC Energy Inc. | COM | 69327R101 | 6,439 | 129,890 | SH | | SOLE | | 85,435 | 0 | 44,455 |
| Pall Corp. | COM | 696429307 | 7,938 | 116,105 | SH | | SOLE | | 84,695 | 0 | 31,410 |
| Parker Hannifin Corp. | COM | 701094104 | 36,602 | 399,675 | SH | | SOLE | | 294,500 | 0 | 105,175 |
| Pentair Ltd. | COM | H6169Q108 | 15,475 | 293,370 | SH | | SOLE | | 214,295 | 0 | 79,075 |
| Perrigo Co. | COM | 714290103 | 8,993 | 75,735 | SH | | SOLE | | 55,335 | 0 | 20,400 |
| Pioneer Natural Resources Co. | COM | 723787107 | 10,777 | 86,740 | SH | | SOLE | | 63,740 | 0 | 23,000 |
| Pros Holdings Inc. | COM | 74346Y103 | 20,520 | 755,240 | SH | | SOLE | | 513,000 | 0 | 242,240 |
| Prosperity Bancshares Inc | COM | 743606105 | 42,264 | 891,835 | SH | | SOLE | | 644,180 | 0 | 247,655 |
| Proto Labs Inc. | COM | 743713109 | 34,266 | 697,885 | SH | | SOLE | | 498,135 | 0 | 199,750 |
| Qiagen N.V. | COM | N72482107 | 14,683 | 696,550 | SH | | SOLE | | 517,750 | 0 | 178,800 |
| Qlik Technologies Inc. | COM | 74733T105 | 37,842 | 1,465,060 | SH | | SOLE | | 1,026,900 | 0 | 438,160 |
| Quality Systems Inc. | COM | 747582104 | 38,622 | 2,113,930 | SH | | SOLE | | 1,525,790 | 0 | 588,140 |
| RBC Bearings Inc. | COM | 75524B104 | 12,145 | 240,210 | SH | | SOLE | | 171,925 | 0 | 68,285 |
| Raven Industries Inc. | COM | 754212108 | 62,976 | 1,873,715 | SH | | SOLE | | 1,340,045 | 0 | 533,670 |
| RealPage Inc. | COM | 75606N109 | 40,270 | 1,944,470 | SH | | SOLE | | 1,387,995 | 0 | 556,475 |
| Red Hat Inc. | COM | 756577102 | 25,727 | 508,840 | SH | | SOLE | | 375,640 | 0 | 133,200 |
| Resolute Energy Corp. | COM | 76116A108 | 35,672 | 3,099,185 | SH | | SOLE | | 2,215,395 | 0 | 883,790 |
| STERIS Corp. | COM | 859152100 | 49,642 | 1,193,030 | SH | | SOLE | | 852,720 | 0 | 340,310 |
| Sensient Technologies Corp. | COM | 81725T100 | 75,008 | 1,918,845 | SH | | SOLE | | 1,374,655 | 0 | 544,190 |
| Silgan Holdings Inc | COM | 827048109 | 45,890 | 970,810 | SH | | SOLE | | 697,840 | 0 | 272,970 |
| Snyders-Lance Inc. | COM | 833551104 | 42,161 | 1,669,075 | SH | | SOLE | | 1,192,850 | 0 | 476,225 |
| Solera Holdings Inc. | COM | 83421A104 | 28,059 | 481,045 | SH | | SOLE | | 352,420 | 0 | 128,625 |
| St. Jude Medical Inc. | COM | 790849103 | 31,269 | 773,210 | SH | | SOLE | | 571,510 | 0 | 201,700 |
| Strayer Education Inc. | COM | 863236105 | 14,633 | 302,450 | SH | | SOLE | | 214,210 | 0 | 88,240 |
| Superior Energy Services Inc. | COM | 868157108 | 7,467 | 287,530 | SH | | SOLE | | 211,205 | 0 | 76,325 |
| T. Rowe Price Group Inc. | COM | 74144T108 | 18,357 | 245,180 | SH | | SOLE | | 180,580 | 0 | 64,600 |
| TETRA Technologies Inc. | COM | 88162F105 | 24,589 | 2,396,585 | SH | | SOLE | | 1,700,305 | 0 | 696,280 |
| TIBCO Software Inc. | COM | 88632Q103 | 24,110 | 1,192,655 | SH | | SOLE | | 876,880 | 0 | 315,775 |
| Techne Corp. | COM | 878377100 | 24,925 | 367,355 | SH | | SOLE | | 264,530 | 0 | 102,825 |
| Teleflex Inc. | COM | 879369106 | 54,743 | 647,770 | SH | | SOLE | | 463,850 | 0 | 183,920 |
| TreeHouse Foods Inc | COM | 89469A104 | 77,652 | 1,191,900 | SH | | SOLE | | 851,805 | 0 | 340,095 |
| TriMas Corp. | COM | 896215209 | 69,779 | 2,149,030 | SH | | SOLE | | 1,533,470 | 0 | 615,560 |
| Tupperware Brands Corp. | COM | 899896104 | 20,051 | 245,305 | SH | | SOLE | | 180,530 | 0 | 64,775 |
| UMB Financial Corp. | COM | 902788108 | 82,333 | 1,677,865 | SH | | SOLE | | 1,198,525 | 0 | 479,340 |
| UTi Worldwide Inc. | COM | G87210103 | 20,685 | 1,428,495 | SH | | SOLE | | 1,020,185 | 0 | 408,310 |
| VCA Antech Inc. | COM | 918194101 | 33,593 | 1,430,110 | SH | | SOLE | | 1,018,840 | 0 | 411,270 |
| Verisk Analytics Inc. (Cl A) | COM | 92345Y106 | 15,708 | 254,925 | SH | | SOLE | | 187,900 | 0 | 67,025 |
| Volcano Corp. | COM | 928645100 | 26,747 | 1,201,575 | SH | | SOLE | | 860,365 | 0 | 341,210 |
| WEX Inc. | COM | 96208T104 | 41,000 | 522,290 | SH | | SOLE | | 372,205 | 0 | 150,085 |
| Waddell & Reed Financial Inc. | COM | 930059100 | 23,486 | 536,460 | SH | | SOLE | | 380,180 | 0 | 156,280 |
| Washington Trust Bancorp Inc. | COM | 940610108 | 19,595 | 715,680 | SH | | SOLE | | 511,030 | 0 | 204,650 |
| West Pharmaceutical Services I | COM | 955306105 | 78,379 | 1,206,950 | SH | | SOLE | | 866,675 | 0 | 340,275 |
| Whiting Petroleum Corp. | COM | 966387102 | 36,513 | 718,200 | SH | | SOLE | | 528,500 | 0 | 189,700 |
| Willis Group Holdings PLC | COM | G96666105 | 42,596 | 1,078,650 | SH | | SOLE | | 793,750 | 0 | 284,900 |
| Wolverine World Wide Inc. | COM | 978097103 | 68,888 | 1,552,570 | SH | | SOLE | | 1,109,610 | 0 | 442,960 |
| Woodward Inc. | COM | 980745103 | 28,861 | 725,875 | SH | | SOLE | | 512,935 | 0 | 212,940 |
| Zimmer Holdings Inc. | COM | 98956P102 | 20,930 | 278,245 | SH | | SOLE | | 206,145 | 0 | 72,100 |
| NICE-Systems Ltd. ADS | ADR | 653656108 | 33,192 | 901,215 | SH | | SOLE | | 678,295 | 0 | 222,920 |
