Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NQ Mobile, Inc. - ADR	990,894	$21.59M	6.1%	—	—	com	64118U108
VNET	21Vianet Group, Inc. - ADR	914,220	$15.07M	4.3%	—	—	com	90138A103
—	Spreadtrum Communications	436,894	$13.31M	3.8%	—	—	com	849415203
—	Medidata Solutions, Inc.	128,748	$12.74M	3.6%	—	—	com	58471A105
MEI	Methode Electronics, Inc.	408,825	$11.45M	3.3%	—	—	com	591520200
—	Gulfport Energy Corp.	174,150	$11.21M	3.2%	—	—	com	402635304
—	Bonanza Creek Energy, Inc.	211,619	$10.21M	2.9%	—	—	com	097793103
—	CTRIP Com Int'l Ltd ADR	174,100	$10.16M	2.9%	—	—	com	22943F100
—	On Assignment, Inc.	294,474	$9.718M	2.8%	—	—	com	682159108
—	Stamps.com, Inc.	210,259	$9.657M	2.7%	—	—	com	852857200
—	Wageworks, Inc.	185,011	$9.334M	2.7%	—	—	com	930427109
—	Roadrunner Transportation Syst	329,468	$9.304M	2.6%	—	—	com	76973Q105
—	Web.com Group, Inc.	248,592	$8.042M	2.3%	—	—	com	94733A104
HSTM	Healthstream Inc.	211,434	$8.009M	2.3%	—	—	com	42222N103
—	Invensense, Inc.	440,569	$7.763M	2.2%	—	—	com	46123D205
—	AVG Technologies	321,138	$7.688M	2.2%	—	—	com	N07831105
—	Advisory Board Co.	127,415	$7.579M	2.2%	—	—	com	00762W107
—	Envestnet, Inc.	233,637	$7.243M	2.1%	—	—	com	29404K106
SYNA	Synaptics, Inc.	157,451	$6.967M	2.0%	—	—	com	87157D109
VIPS	Vipshop Holdings Ltd. ADS	118,500	$6.731M	1.9%	—	—	com	92763W103
PMT	Pennymac Mortgage Investment	287,493	$6.52M	1.9%	—	—	com	70931T103
BBSI	Barrett Business Services	96,326	$6.484M	1.8%	—	—	com	068463108
LGND	Ligand Pharmaceuticals Cl B	148,532	$6.428M	1.8%	—	—	com	53220K504
IMMR	Immersion Corp Com	482,103	$6.364M	1.8%	—	—	com	452521107
EGAN	eGain Corp.	381,036	$5.75M	1.6%	—	—	com	28225C806
BBBY	Overstock.com, Inc.	191,602	$5.685M	1.6%	—	—	com	690370101
—	Qihoo 360 Technology Co-ADR	66,000	$5.491M	1.6%	—	—	com	74734M109
SHOO	Steven Madden Ltd.	100,355	$5.402M	1.5%	—	—	com	556269108
—	PGT, Inc.	533,383	$5.283M	1.5%	—	—	com	69336V101
—	Cyberonics, Inc.	103,792	$5.266M	1.5%	—	—	com	23251P102
NOAH	Noah Holdings	247,700	$4.223M	1.2%	—	—	com	65487X102
NTES	Netease.Com, Inc.	51,360	$3.729M	1.1%	—	—	com	64110W102
—	Bofi Holding, Inc.	54,482	$3.531M	1.0%	—	—	com	05566U108
—	E-Commerce China Spon ADR	304,800	$3.194M	0.9%	—	—	com	26833A105
—	Sina Corp.	38,500	$3.125M	0.9%	—	—	com	G81477104
—	Multimedia Games	69,862	$2.414M	0.7%	—	—	com	625453105
—	Tangoe, Inc.	96,260	$2.294M	0.7%	—	—	com	87582Y108
—	Support.com, Inc.	384,208	$2.094M	0.6%	—	—	com	86858W101
AMBA	Ambarella, Inc.	104,900	$2.048M	0.6%	—	—	com	G037AX101
—	Soufun Holdings Ltd. ADR	38,500	$1.988M	0.6%	—	—	com	836034108
GIII	G III Apparel Group Ltd.	35,700	$1.949M	0.6%	—	—	com	36237H101
TBBK	Bancorp, Inc./The	108,028	$1.911M	0.5%	—	—	com	05969A105
—	Interactive Intelligence Group	29,250	$1.857M	0.5%	—	—	com	45841V109
—	China Lodging Group-Spon ADS	94,775	$1.8M	0.5%	—	—	com	16949N109
LOPE	Grand Canyon Education, Inc.	41,100	$1.654M	0.5%	—	—	com	38526M106
THRM	Gentherm, Inc.	83,600	$1.596M	0.5%	—	—	com	37253A103
—	Dealertrack Technologies, Inc.	36,600	$1.568M	0.4%	—	—	com	242309102
—	Gentium Spa-Sponsored ADR	57,141	$1.55M	0.4%	—	—	com	37250B104
SPY	SPDR S&P 500 ETF Trust	9,200	$1.545M	0.4%	—	—	com	78462F103
OMCL	Omnicell, Inc.	62,300	$1.475M	0.4%	—	—	com	68213N109
EGHT	8X8 Inc.	143,200	$1.442M	0.4%	—	—	com	282914100
—	Bitauto	88,000	$1.419M	0.4%	—	—	com	091727107
—	Endologix, Inc.	80,900	$1.306M	0.4%	—	—	com	29266S106
SSYS	Stratasys Ltd.	11,400	$1.154M	0.3%	—	—	com	M85548101
EHTH	Ehealth, Inc.	35,400	$1.142M	0.3%	—	—	com	28238P109
—	EPL Oil & Gas	30,600	$1.136M	0.3%	—	—	com	26883D108
ZUMZ	Zumiez Inc.	40,500	$1.115M	0.3%	—	—	com	989817101
MMS	Maximus, Inc.	24,200	$1.09M	0.3%	—	—	com	577933104
—	YY	23,000	$1.076M	0.3%	—	—	com	98426T106
TMHC	Taylor Morrison Home Corp.	45,100	$1.022M	0.3%	—	—	com	87724P106
DIOD	Diodes, Inc.	40,400	$990K	0.3%	—	—	com	254543101
—	FXCM, Inc.	49,400	$976K	0.3%	—	—	com	302693106
—	Datawatch Corp.	32,270	$900K	0.3%	—	—	com	237917208
—	Sunpower Corp.	34,100	$892K	0.3%	—	—	com	867652406
—	Infoblox, Inc.	20,700	$866K	0.2%	—	—	com	45672H104
CSIQ	Canadian Solar, Inc.	50,000	$850K	0.2%	—	—	com	136635109
—	51Job Inc. ADR	11,400	$819K	0.2%	—	—	com	316827104
PDFS	Pdf Solutions, Inc.	38,300	$813K	0.2%	—	—	com	693282105
FANG	Diamondback Energy Inc.	18,700	$797K	0.2%	—	—	com	25278X109
—	Synchronoss Technologies Inc.	20,700	$788K	0.2%	—	—	com	87157B103
—	Procera Networks, Inc.	47,620	$738K	0.2%	—	—	com	74269U203
IPGP	IPG Photonics Corp.	13,000	$733K	0.2%	—	—	com	44980X109
EXPE	Expedia, Inc.	13,803	$715K	0.2%	—	—	com	30212P303
ACHC	Acadia Healthcare Co., Inc.	16,700	$658K	0.2%	—	—	com	00404A109
WGO	Winnebago Industries, Inc.	24,100	$626K	0.2%	—	—	com	974637100
—	Pixelworks, Inc.	152,660	$614K	0.2%	—	—	com	72581M305
—	Ellie Mae, Inc.	18,600	$595K	0.2%	—	—	com	28849P100
—	Fleetmatics Group Plc	15,100	$567K	0.2%	—	—	com	G35569105
—	Furmanite Corp.	56,000	$554K	0.2%	—	—	com	361086101
—	Francescas Holdings Corp.	29,470	$549K	0.2%	—	—	com	351793104
—	Youku Tudou, Inc.	20,000	$548K	0.2%	—	—	com	98742U100
—	RPX Corporation	30,500	$535K	0.2%	—	—	com	74972G103
—	Flotek Inds Inc.	22,100	$508K	0.1%	—	—	com	343389102
SILC	Silicom Ltd.	13,100	$486K	0.1%	—	—	com	M84116108
EPM	Evolution Petroleum Corp.	42,550	$479K	0.1%	—	—	com	30049A107
PRLB	Proto Labs Inc.	5,700	$435K	0.1%	—	—	com	743713109
—	Santarus, Inc.	18,600	$420K	0.1%	—	—	com	802817304
—	Northern Oil & Gas, Inc.	28,500	$411K	0.1%	—	—	com	665531109
MSFT	Microsoft Corp.	12,191	$406K	0.1%	—	—	com	594918104
TLYS	Tilly's, Inc.	27,810	$404K	0.1%	—	—	com	886885102
ACIC	United Insurance Holdings Co.	44,850	$396K	0.1%	—	—	com	910710102
EXLS	Exlservice Holdings	13,800	$393K	0.1%	—	—	com	302081104
—	Insys Therapeutics, Inc.	11,100	$388K	0.1%	—	—	com	45824V209
CPSS	Consumer Portfolio Services	64,550	$383K	0.1%	—	—	com	210502100
JNJ	Johnson & Johnson	4,409	$382K	0.1%	—	—	com	478160104
—	Rignet, Inc.	10,500	$380K	0.1%	—	—	com	766582100
—	US Silica Holdings, Inc.	15,200	$378K	0.1%	—	—	com	90346E103
—	MGC Diagnostics Corp.	33,195	$363K	0.1%	—	—	com	552768103
—	Arctic Cat Inc.	6,200	$354K	0.1%	—	—	com	039670104
TRV	The Travelers Co., Inc.	3,941	$334K	0.1%	—	—	com	89417E109
—	Bryn Mawr Bank Corp.	12,300	$332K	0.1%	—	—	com	117665109
—	Momenta Pharmaceuticals Inc.	22,600	$325K	0.1%	—	—	com	60877T100
—	Triangle Petroleum Corp.	33,000	$324K	0.1%	—	—	com	89600B201
AMGN	Amgen, Inc.	2,771	$310K	0.1%	—	—	com	031162100
MTRX	Matrix Service Co.	15,400	$302K	0.1%	—	—	com	576853105
JPM	JP Morgan Chase & Company Inc.	5,807	$300K	0.1%	—	—	com	46625H100
VZ	Verizon Communications	6,395	$298K	0.1%	—	—	com	92343V104
—	Callon Petroleum Corp.	53,000	$290K	0.1%	—	—	com	13123X102
—	Points International Ltd.	12,500	$289K	0.1%	—	—	com	730843208
WMT	Wal Mart Stores Inc.	3,813	$282K	0.1%	—	—	com	931142103
—	Financial Engines, Inc.	4,600	$273K	0.1%	—	—	com	317485100
MXL	Maxlinear, Inc. Class A	32,600	$270K	0.1%	—	—	com	57776J100
BHP	BHP Billiton Ltd. ADR	4,065	$270K	0.1%	—	—	com	088606108
RCKY	Rocky Brands, Inc.	15,200	$265K	0.1%	—	—	com	774515100
—	Taser International, Inc.	17,700	$263K	0.1%	—	—	com	87651B104
AAPL	Apple, Inc.	542	$258K	0.1%	—	—	com	037833100
—	Silicon Image, Inc.	48,000	$256K	0.1%	—	—	com	82705T102
TM	Toyota Motor Corp. ADR	1,991	$255K	0.1%	—	—	com	892331307
NEM	Newmont Mining	9,053	$254K	0.1%	—	—	com	651639106
—	Perficient Inc.	13,800	$253K	0.1%	—	—	com	71375U101
—	Protalix Biotherapeu	54,200	$246K	0.1%	—	—	com	74365A101
INTC	Intel Corporation	10,033	$230K	0.1%	—	—	com	458140100
—	Advanced Emissions Solutions,	5,100	$218K	0.1%	—	—	com	00770c101
EGBN	Eagle Bancorp, Inc.	7,580	$214K	0.1%	—	—	com	268948106
—	CalAmp Corp.	12,100	$213K	0.1%	—	—	com	128126109
—	Catamaran Corp.	4,630	$213K	0.1%	—	—	com	148887102
MA	Mastercard, Inc.	301	$202K	0.1%	—	—	com	57636Q104
ECPG	Encore Capital Group, Inc.	4,400	$201K	0.1%	—	—	com	292554102
—	Renewable Energy Group, Inc.	12,900	$195K	0.1%	—	—	com	75972A301
—	Performance Technologies	66,000	$190K	0.1%	—	—	com	71376K102
—	Datalink Corp.	11,695	$158K	0.0%	—	—	com	237934104
—	Incontact, Inc.	16,160	$133K	0.0%	—	—	com	45336E109
—	Manitex International, Inc.	12,000	$131K	0.0%	—	—	com	563420108
—	Comstock Hldg Companies, Inc.	70,500	$128K	0.0%	—	—	com	205684103
ISSC	Innovative Solutions & Support	14,800	$118K	0.0%	—	—	com	45769N105
—	Streamline Health Solutions	12,900	$98,000	0.0%	—	—	com	86323X106
—	Wet Seal, Inc.	20,400	$80,000	0.0%	—	—	com	961840105
—	AMR Corp.	16,000	$66,000	0.0%	—	—	com	001765106
—	Premier Exhibitions, Inc.	33,200	$51,000	0.0%	—	—	com	74051E102
—	Senesco Technologies, Inc	50,000	$2,000	0.0%	—	—	com	817208408
—	Xenacare Hldgs, Inc.	140,000	$0	0.0%	—	—	com	98401A106