Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Medidata Solutions, Inc.	253,679	$19.65M	5.6%	—	—	com	58471A105
—	Spreadtrum Communications	589,535	$15.47M	4.4%	—	—	com	849415203
—	Francescas Holdings Corp.	525,123	$14.59M	4.1%	—	—	com	351793104
—	Web.com Group, Inc.	438,467	$11.22M	3.2%	—	—	com	94733A104
—	Roadrunner Transportation Syst	382,507	$10.65M	3.0%	—	—	com	76973Q105
VNET	21Vianet Group, Inc. - ADR	922,963	$10.46M	3.0%	—	—	com	90138A103
—	On Assignment, Inc.	386,074	$10.32M	2.9%	—	—	com	682159108
IPGP	IPG Photonics Corp.	162,595	$9.874M	2.8%	—	—	com	44980X109
—	Ellie Mae, Inc.	425,187	$9.813M	2.8%	—	—	com	28849P100
—	Stamps.com, Inc.	245,788	$9.682M	2.7%	—	—	com	852857200
—	AVG Technologies	474,949	$9.238M	2.6%	—	—	com	N07831105
—	HMS Holdings Corp.	393,310	$9.164M	2.6%	—	—	com	40425J101
—	NQ Mobile, Inc. - ADR	1,115,754	$9.015M	2.6%	—	—	com	64118U108
ACTG	Acacia Research-Acacia Tech	399,203	$8.922M	2.5%	—	—	com	003881307
—	Gulfport Energy Corp.	170,390	$8.024M	2.3%	—	—	com	402635304
IMMR	Immersion Corp Com	571,628	$7.574M	2.1%	—	—	com	452521107
—	Advisory Board Co.	137,940	$7.538M	2.1%	—	—	com	00762W107
—	Bofi Holding, Inc.	161,191	$7.386M	2.1%	—	—	com	05566U108
—	Cai International, Inc.	288,237	$6.794M	1.9%	—	—	com	12477X106
PMT	Pennymac Mortgage Investment	302,734	$6.373M	1.8%	—	—	com	70931T103
—	Invensense, Inc.	409,923	$6.305M	1.8%	—	—	com	46123D205
HSTM	Healthstream Inc.	245,459	$6.215M	1.8%	—	—	com	42222N103
—	Envestnet, Inc.	247,757	$6.095M	1.7%	—	—	com	29404K106
—	Cyberonics, Inc.	97,943	$5.089M	1.4%	—	—	com	23251P102
—	Bonanza Creek Energy, Inc.	143,099	$5.074M	1.4%	—	—	com	097793103
SHOO	Steven Madden Ltd.	98,995	$4.789M	1.4%	—	—	com	556269108
THRM	Gentherm, Inc.	229,705	$4.266M	1.2%	—	—	com	37253A103
—	Qihoo 360 Technology Co-ADR	80,000	$3.694M	1.0%	—	—	com	74734M109
NTES	Netease.Com, Inc.	57,500	$3.632M	1.0%	—	—	com	64110W102
—	Tangoe, Inc.	226,410	$3.494M	1.0%	—	—	com	87582Y108
—	51Job Inc. ADR	48,100	$3.247M	0.9%	—	—	com	316827104
—	Support.com, Inc.	665,108	$3.04M	0.9%	—	—	com	86858W101
—	Interactive Intelligence Group	57,050	$2.944M	0.8%	—	—	com	45841V109
EXLS	Exlservice Holdings	85,500	$2.527M	0.7%	—	—	com	302081104
EGAN	eGain Corp.	248,110	$2.387M	0.7%	—	—	com	28225C806
VIPS	Vipshop Holdings Ltd. ADS	79,700	$2.324M	0.7%	—	—	com	92763W103
—	Datawatch Corp.	123,540	$2.229M	0.6%	—	—	com	237917208
—	Endologix, Inc.	166,200	$2.207M	0.6%	—	—	com	29266S106
—	Multimedia Games	83,862	$2.186M	0.6%	—	—	com	625453105
OMCL	Omnicell, Inc.	96,600	$1.985M	0.6%	—	—	com	68213N109
—	Dealertrack Technologies, Inc.	49,200	$1.743M	0.5%	—	—	com	242309102
—	Valueclick, Inc.	66,600	$1.646M	0.5%	—	—	com	92046N102
LOPE	Grand Canyon Education, Inc.	49,800	$1.605M	0.5%	—	—	com	38526M106
TBBK	Bancorp, Inc./The	105,858	$1.587M	0.4%	—	—	com	05969A105
—	Catamaran Corp.	32,474	$1.583M	0.4%	—	—	com	148887102
—	Market Leader, Inc.	142,030	$1.52M	0.4%	—	—	com	57056R103
BBSI	Barrett Business Services	28,288	$1.477M	0.4%	—	—	com	068463108
SPY	SPDR S&P 500 ETF Trust	9,200	$1.475M	0.4%	—	—	com	78462F103
ZUMZ	Zumiez Inc.	50,200	$1.443M	0.4%	—	—	com	989817101
—	E-Commerce China Spon ADR	203,000	$1.409M	0.4%	—	—	com	26833A105
EGHT	8X8 Inc.	171,000	$1.409M	0.4%	—	—	com	282914100
TLYS	Tilly's, Inc.	87,790	$1.405M	0.4%	—	—	com	886885102
SILC	Silicom Ltd.	38,800	$1.33M	0.4%	—	—	com	M84116108
NOAH	Noah Holdings	150,000	$1.33M	0.4%	—	—	com	65487X102
—	Wageworks, Inc.	38,400	$1.323M	0.4%	—	—	com	930427109
—	INPHI Corp.	118,100	$1.299M	0.4%	—	—	com	45772F107
SYNA	Synaptics, Inc.	33,300	$1.284M	0.4%	—	—	com	87157D109
—	China Lodging Group-Spon ADS	80,000	$1.28M	0.4%	—	—	com	16949N109
—	Sourcefire, Inc.	22,700	$1.261M	0.4%	—	—	com	83616T108
GIII	G III Apparel Group Ltd.	25,800	$1.241M	0.4%	—	—	com	36237H101
BBT	Berkshire Hills Bk	43,600	$1.21M	0.3%	—	—	com	084680107
SSYS	Stratasys Ltd.	14,100	$1.181M	0.3%	—	—	com	M85548101
—	Flotek Inds Inc.	64,700	$1.161M	0.3%	—	—	com	343389102
—	Procera Networks, Inc.	83,920	$1.152M	0.3%	—	—	com	74269U203
CPSS	Consumer Portfolio Services	156,500	$1.149M	0.3%	—	—	com	210502100
MMS	Maximus, Inc.	15,000	$1.117M	0.3%	—	—	com	577933104
—	Sina Corp.	20,000	$1.115M	0.3%	—	—	com	G81477104
HCI	HCI Group, Inc.	35,400	$1.087M	0.3%	—	—	com	40416E103
PRLB	Proto Labs Inc.	16,500	$1.072M	0.3%	—	—	com	743713109
—	RPX Corporation	61,700	$1.037M	0.3%	—	—	com	74972G103
EGBN	Eagle Bancorp, Inc.	46,310	$1.036M	0.3%	—	—	com	268948106
TMHC	Taylor Morrison Home Corp.	42,200	$1.029M	0.3%	—	—	com	87724P106
PDFS	Pdf Solutions, Inc.	53,600	$988K	0.3%	—	—	com	693282105
—	Advanced Emissions Solutions,	23,300	$981K	0.3%	—	—	com	00770c101
—	Rignet, Inc.	35,400	$902K	0.3%	—	—	com	766582100
—	Bryn Mawr Bank Corp.	37,400	$895K	0.3%	—	—	com	117665109
—	Sunpower Corp.	42,200	$874K	0.2%	—	—	com	867652406
—	Points International Ltd.	39,600	$853K	0.2%	—	—	com	730843208
—	Halcon Resources Corp.	150,502	$853K	0.2%	—	—	com	40537Q209
AMBA	Ambarella, Inc.	50,100	$843K	0.2%	—	—	com	G037AX101
—	Clicksoftware Technologies Ltd	100,460	$838K	0.2%	—	—	com	M25082104
—	Lannett Company, Inc.	67,701	$806K	0.2%	—	—	com	516012101
—	Perficient Inc.	59,700	$796K	0.2%	—	—	com	71375U101
—	Northern Oil & Gas, Inc.	57,800	$771K	0.2%	—	—	com	665531109
—	Cardinal Finl Corp.	52,500	$769K	0.2%	—	—	com	14149F109
—	Youku Tudou, Inc.	40,000	$768K	0.2%	—	—	com	98742U100
—	EPL Oil & Gas	25,300	$743K	0.2%	—	—	com	26883D108
IMAX	Imax Corp.	29,800	$741K	0.2%	—	—	com	45245E109
—	Triangle Petroleum Corp.	102,300	$717K	0.2%	—	—	com	89600B201
FANG	Diamondback Energy Inc.	20,500	$683K	0.2%	—	—	com	25278X109
DMRC	Digimarc Corp.	32,300	$671K	0.2%	—	—	com	25381B101
—	Comstock Hldg Companies, Inc.	237,700	$658K	0.2%	—	—	com	205684103
WGO	Winnebago Industries, Inc.	29,800	$626K	0.2%	—	—	com	974637100
MXL	Maxlinear, Inc. Class A	81,700	$572K	0.2%	—	—	com	57776J100
—	Joe's Jeans, Inc.	337,387	$553K	0.2%	—	—	com	47777N101
—	Protalix Biotherapeu	110,000	$540K	0.2%	—	—	com	74365A101
—	Callon Petroleum Corp.	158,500	$534K	0.2%	—	—	com	13123X102
—	CalAmp Corp.	36,200	$529K	0.1%	—	—	com	128126109
—	Virtusa Corp.	23,800	$527K	0.1%	—	—	com	92827P102
LGND	Ligand Pharmaceuticals Cl B	14,000	$524K	0.1%	—	—	com	53220K504
—	Infoblox, Inc.	17,800	$521K	0.1%	—	—	com	45672H104
—	Manitex International, Inc.	47,300	$518K	0.1%	—	—	com	563420108
—	Santarus, Inc.	23,100	$486K	0.1%	—	—	com	802817304
MSFT	Microsoft Corp.	13,683	$473K	0.1%	—	—	com	594918104
—	Mitcham Industries, Inc.	27,900	$468K	0.1%	—	—	com	606501104
—	Taser International, Inc.	53,100	$452K	0.1%	—	—	com	87651B104
—	Vascular Solutions	30,200	$444K	0.1%	—	—	com	92231m109
—	IPC The Hospitalist Co.	8,580	$441K	0.1%	—	—	com	44984A105
—	Bitauto	40,000	$439K	0.1%	—	—	com	091727107
—	Panhandle Oil & Gas Inc.	15,200	$433K	0.1%	—	—	com	698477106
MCD	McDonald's Corporation	4,325	$428K	0.1%	—	—	com	580135101
—	Arctic Cat Inc.	9,000	$405K	0.1%	—	—	com	039670104
—	US Silica Holdings, Inc.	19,000	$395K	0.1%	—	—	com	90346E103
ACIC	United Insurance Holdings Co.	56,200	$393K	0.1%	—	—	com	910710102
—	Datalink Corp.	36,955	$393K	0.1%	—	—	com	237934104
JNJ	Johnson & Johnson	4,508	$387K	0.1%	—	—	com	478160104
—	Walgreen Company	8,700	$385K	0.1%	—	—	com	931422109
—	United Financial Bancorp, Inc.	25,300	$383K	0.1%	—	—	com	91030T109
TRV	The Travelers Co., Inc.	4,347	$347K	0.1%	—	—	com	89417E109
—	Cynosure Inc.	12,900	$335K	0.1%	—	—	com	232577205
—	Premier Exhibitions, Inc.	191,800	$334K	0.1%	—	—	com	74051E102
VZ	Verizon Communications	6,607	$333K	0.1%	—	—	com	92343V104
ALLT	Allot Communications Ltd.	24,000	$329K	0.1%	—	—	com	M0854Q105
FSFG	First Savings Financial Group,	14,100	$329K	0.1%	—	—	com	33621E109
JPM	JP Morgan Chase & Company Inc.	6,182	$326K	0.1%	—	—	com	46625H100
WMT	Wal Mart Stores Inc.	4,047	$301K	0.1%	—	—	com	931142103
AMGN	Amgen, Inc.	3,021	$298K	0.1%	—	—	com	031162100
NEM	Newmont Mining	9,214	$276K	0.1%	—	—	com	651639106
—	General Electric Co.	11,561	$268K	0.1%	—	—	com	369604103
TM	Toyota Motor Corp. ADR	2,172	$262K	0.1%	—	—	com	892331307
—	Financial Engines, Inc.	5,700	$260K	0.1%	—	—	com	317485100
INTC	Intel Corporation	10,686	$259K	0.1%	—	—	com	458140100
BHP	BHP Billiton Ltd. ADR	4,377	$252K	0.1%	—	—	com	088606108
KO	Coca-Cola	6,115	$245K	0.1%	—	—	com	191216100
—	MGC Diagnostics Corp.	29,288	$245K	0.1%	—	—	com	552768103
AAPL	Apple, Inc.	613	$243K	0.1%	—	—	com	037833100
KMB	Kimberly Clark Corp.	2,311	$225K	0.1%	—	—	com	494368103
—	MFRI Inc	19,600	$223K	0.1%	—	—	com	552721102
—	New Oriental Education	10,000	$221K	0.1%	—	—	com	647581107
—	Streamline Health Solutions	33,500	$220K	0.1%	—	—	com	86323X106
XOM	Exxon Mobil Corp.	2,254	$204K	0.1%	—	—	com	30231G102
—	YY	7,500	$201K	0.1%	—	—	com	98426T106
MGIC	Magic Software Enterprises Ltd	18,800	$101K	0.0%	—	—	com	559166103
—	Furmanite Corp.	14,600	$98,000	0.0%	—	—	com	361086101
MPX	Marine Products Corp.	11,100	$89,000	0.0%	—	—	com	568427108
—	Xenacare Hldgs, Inc.	140,000	$1,000	0.0%	—	—	com	98401A106
—	Senesco Technologies, Inc	50,000	$1,000	0.0%	—	—	com	817208408