| 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 |
| Adobe Systems, Inc. | COM | 00724F101 | 752 | 1,582 | SH | | SOLE | | 1,582 | 0 | 0 |
| Aerojet Rocketdyne Holdings, I | COM | 007800105 | 7,739 | 164,809 | SH | | SOLE | | 164,809 | 0 | 0 |
| Alexion Pharmaceuticals | COM | 015351109 | 10,704 | 70,000 | SH | | SOLE | | 70,000 | 0 | 0 |
| Alphabet, Inc. - Class C | COM | 02079K107 | 14,127 | 6,829 | SH | | SOLE | | 6,829 | 0 | 0 |
| Amazon.com, Inc. | COM | 023135106 | 14,412 | 4,658 | SH | | SOLE | | 4,658 | 0 | 0 |
| Amphenol Corp. - Cl A | COM | 032095101 | 1,383 | 20,970 | SH | | SOLE | | 20,970 | 0 | 0 |
| Apple, Inc. | COM | 037833100 | 13,539 | 110,840 | SH | | SOLE | | 110,840 | 0 | 0 |
| Ball Corp. | COM | 058498106 | 1,618 | 19,090 | SH | | SOLE | | 19,090 | 0 | 0 |
| Bank of America Corp. | COM | 060505104 | 14,515 | 375,163 | SH | | SOLE | | 375,163 | 0 | 0 |
| Black Knight, Inc. | COM | 09215C105 | 1,680 | 22,705 | SH | | SOLE | | 22,705 | 0 | 0 |
| Boeing Co. | COM | 097023105 | 5,254 | 20,627 | SH | | SOLE | | 20,627 | 0 | 0 |
| Boston Beer Company, Inc. | COM | 100557107 | 3,752 | 3,110 | SH | | SOLE | | 3,110 | 0 | 0 |
| Butterfly Networks, Inc. | COM | 124155102 | 994 | 59,055 | SH | | SOLE | | 59,055 | 0 | 0 |
| CRH Medical Corp. | COM | 12626F105 | 2,330 | 589,996 | SH | | SOLE | | 589,996 | 0 | 0 |
| Change Healthcare, Inc. | COM | 15912K100 | 3,238 | 146,500 | SH | | SOLE | | 146,500 | 0 | 0 |
| Chipotle Mexican Grill, Inc. | COM | 169656105 | 4,940 | 3,477 | SH | | SOLE | | 3,477 | 0 | 0 |
| CoStar Group, Inc. | COM | 22160N109 | 793 | 965 | SH | | SOLE | | 965 | 0 | 0 |
| Condor Hospitality Trust, Inc. | COM | 20676Y403 | 2,963 | 851,349 | SH | | SOLE | | 851,349 | 0 | 0 |
| Costco Wholesale Corp. | COM | 22160K105 | 2,852 | 8,091 | SH | | SOLE | | 8,091 | 0 | 0 |
| Crocs, Inc. | COM | 227046109 | 650 | 8,080 | SH | | SOLE | | 8,080 | 0 | 0 |
| DexCom, Inc. | COM | 252131107 | 4,962 | 13,806 | SH | | SOLE | | 13,806 | 0 | 0 |
| Edwards Lifesciences Corp. | COM | 28176E108 | 2,506 | 29,965 | SH | | SOLE | | 29,965 | 0 | 0 |
| Estee Lauder Companies - CL A | COM | 518439104 | 1,588 | 5,460 | SH | | SOLE | | 5,460 | 0 | 0 |
| Extended Stay America, Inc. | COM | 30224P200 | 2,074 | 105,000 | SH | | SOLE | | 105,000 | 0 | 0 |
| FLIR Systems, Inc. | COM | 302445101 | 12,432 | 220,149 | SH | | SOLE | | 220,149 | 0 | 0 |
| Facebook, Inc. - A | COM | 30303M102 | 9,596 | 32,580 | SH | | SOLE | | 32,580 | 0 | 0 |
| Five Prime Therapeutics, Inc | COM | 33830X104 | 8,911 | 236,565 | SH | | SOLE | | 236,565 | 0 | 0 |
| Five9, Inc. | COM | 338307101 | 962 | 6,155 | SH | | SOLE | | 6,155 | 0 | 0 |
| Goldman Sachs Group, Inc. | COM | 38141G104 | 7,410 | 22,660 | SH | | SOLE | | 22,660 | 0 | 0 |
| HMS Holdings Corp. | COM | 40425J101 | 25,105 | 678,973 | SH | | SOLE | | 678,973 | 0 | 0 |
| Humana, Inc. | COM | 444859102 | 12,419 | 29,623 | SH | | SOLE | | 29,623 | 0 | 0 |
| Inphi Corp. | COM | 45772F107 | 17,883 | 100,237 | SH | | SOLE | | 100,237 | 0 | 0 |
| Intuitive Surgical, Inc. | COM | 46120E602 | 5,266 | 7,127 | SH | | SOLE | | 7,127 | 0 | 0 |
| Las Vegas Sands Corp. | COM | 517834107 | 7,071 | 116,382 | SH | | SOLE | | 116,382 | 0 | 0 |
| Lockheed Martin Corporation | COM | 539830109 | 7,410 | 20,055 | SH | | SOLE | | 20,055 | 0 | 0 |
| MSCI, Inc. | COM | 55354G100 | 2,327 | 5,550 | SH | | SOLE | | 5,550 | 0 | 0 |
| Marriott International, Inc. | COM | 571903202 | 2,359 | 15,928 | SH | | SOLE | | 15,928 | 0 | 0 |
| Mastercard Inc. - Class A | COM | 57636Q104 | 14,408 | 40,465 | SH | | SOLE | | 40,465 | 0 | 0 |
| Maxim Integrated Products, Inc | COM | 57772K101 | 13,422 | 146,895 | SH | | SOLE | | 146,895 | 0 | 0 |
| Mellanox Technologies, Ltd. | COM | M51363113 | 9,098 | 72,785 | SH | | SOLE | | 72,785 | 0 | 0 |
| Microsoft Corp. | COM | 594918104 | 7,982 | 33,856 | SH | | SOLE | | 33,856 | 0 | 0 |
| Monster Beverage Corp. | COM | 61174X109 | 1,245 | 13,670 | SH | | SOLE | | 13,670 | 0 | 0 |
| NIC, Inc. | COM | 62914B100 | 12,839 | 378,398 | SH | | SOLE | | 378,398 | 0 | 0 |
| NVIDIA Corp. | COM | 67066G104 | 5,517 | 10,333 | SH | | SOLE | | 10,333 | 0 | 0 |
| NXP Semiconductors NV | COM | N6596X109 | 8,807 | 43,741 | SH | | SOLE | | 43,741 | 0 | 0 |
| Netflix, Inc. | COM | 64110L106 | 2,822 | 5,410 | SH | | SOLE | | 5,410 | 0 | 0 |
| Nike, Inc. Class B | COM | 654106103 | 8,948 | 67,331 | SH | | SOLE | | 67,331 | 0 | 0 |
| PACCAR, Inc. | COM | 693718108 | 2,701 | 29,070 | SH | | SOLE | | 29,070 | 0 | 0 |
| Pacific Merchantile Bancorp | COM | 694552100 | 465 | 52,232 | SH | | SOLE | | 52,232 | 0 | 0 |
| Pandion Therapeutics, Inc. | COM | 698340106 | 1,501 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
| Parker Hannifin Corp. | COM | 701094104 | 3,504 | 11,110 | SH | | SOLE | | 11,110 | 0 | 0 |
| PayPal Holdings, Inc. | COM | 70450Y103 | 8,707 | 35,853 | SH | | SOLE | | 35,853 | 0 | 0 |
| Perspecta, Inc. | COM | 715347100 | 18,134 | 624,247 | SH | | SOLE | | 624,247 | 0 | 0 |
| Pioneer Natural Resources Comp | COM | 723787107 | 5,575 | 35,101 | SH | | SOLE | | 35,101 | 0 | 0 |
| Pluralsight, Inc. | COM | 72941B106 | 4,449 | 199,157 | SH | | SOLE | | 199,157 | 0 | 0 |
| Q2 Holdings, Inc. | COM | 74736L109 | 2,039 | 20,350 | SH | | SOLE | | 20,350 | 0 | 0 |
| RealPage, Inc. | COM | 75606N109 | 24,078 | 276,123 | SH | | SOLE | | 276,123 | 0 | 0 |
| Rignet, Inc. | COM | 766582100 | 12,379 | 1,419,565 | SH | | SOLE | | 1,419,565 | 0 | 0 |
| SPDR Gold Shares | COM | 78463V107 | 3,260 | 20,380 | SH | | SOLE | | 20,380 | 0 | 0 |
| Salesforce.com, Inc. | COM | 79466L302 | 8,250 | 38,940 | SH | | SOLE | | 38,940 | 0 | 0 |
| ServiceNow, Inc. | COM | 81762P102 | 2,264 | 4,527 | SH | | SOLE | | 4,527 | 0 | 0 |
| Severn Bancorp, Inc. | COM | 81811M100 | 1,841 | 152,119 | SH | | SOLE | | 152,119 | 0 | 0 |
| Shopify, Inc. - CL A | COM | 82509L107 | 5,506 | 4,976 | SH | | SOLE | | 4,976 | 0 | 0 |
| Simon Property Group, Inc. | COM | 828806109 | 5,167 | 45,415 | SH | | SOLE | | 45,415 | 0 | 0 |
| Slack Technologies, Inc. - CL | COM | 83088V102 | 12,189 | 300,000 | SH | | SOLE | | 300,000 | 0 | 0 |
| Spirit AeroSystems Holdings, I | COM | 848574109 | 1,744 | 35,849 | SH | | SOLE | | 35,849 | 0 | 0 |
| Spotify Technology S.A. | COM | L8681T102 | 6,509 | 24,292 | SH | | SOLE | | 24,292 | 0 | 0 |
| Standard AVB Financial Corp. | COM | 85303B100 | 2,842 | 87,033 | SH | | SOLE | | 87,033 | 0 | 0 |
| Starbucks Corp. | COM | 855244109 | 5,258 | 48,117 | SH | | SOLE | | 48,117 | 0 | 0 |
| Synacor, Inc. | COM | 871561106 | 3,073 | 1,403,026 | SH | | SOLE | | 1,403,026 | 0 | 0 |
| TCF Financial, Corp. | COM | 872307103 | 10,252 | 220,659 | SH | | SOLE | | 220,659 | 0 | 0 |
| Take-Two Interactive Software, | COM | 874054109 | 9,201 | 52,070 | SH | | SOLE | | 52,070 | 0 | 0 |
| Texas Instruments | COM | 882508104 | 1,086 | 5,745 | SH | | SOLE | | 5,745 | 0 | 0 |
| The Sherwin-Williams Company | COM | 824348106 | 4,213 | 5,708 | SH | | SOLE | | 5,708 | 0 | 0 |
| TransDigm Group, Inc. | COM | 893641100 | 3,771 | 6,414 | SH | | SOLE | | 6,414 | 0 | 0 |
| Varian Medical Systems, Inc. | COM | 92220P105 | 22,767 | 128,971 | SH | | SOLE | | 128,971 | 0 | 0 |
| Verisign, Inc. | COM | 92343E102 | 5,005 | 25,180 | SH | | SOLE | | 25,180 | 0 | 0 |
| Vertex Pharmaceuticals | COM | 92532F100 | 4,559 | 21,216 | SH | | SOLE | | 21,216 | 0 | 0 |
| Visa Inc. | COM | 92826C839 | 691 | 3,264 | SH | | SOLE | | 3,264 | 0 | 0 |
| Walt Disney Company/The | COM | 254687106 | 5,051 | 27,375 | SH | | SOLE | | 27,375 | 0 | 0 |
| Willis Towers Watson PLC | COM | G96629103 | 12,738 | 55,655 | SH | | SOLE | | 55,655 | 0 | 0 |
| Xilinx Inc. | COM | 983919101 | 6,670 | 53,837 | SH | | SOLE | | 53,837 | 0 | 0 |
| lululemon athletica, Inc. | COM | 550021109 | 5,244 | 17,099 | SH | | SOLE | | 17,099 | 0 | 0 |
