Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Trivago N V Spon ADS	1,969,639	$46.6M	12.8%	—	—	com	89686D105
AAOI	Applied Optoelectronics Inc.	245,860	$15.19M	4.2%	—	—	com	03823U102
CEVA	Ceva Inc.	252,225	$11.46M	3.1%	—	—	com	157210105
—	Logmein, Inc.	106,862	$11.17M	3.1%	—	—	com	54142L109
GKOS	Glaukos Corp	208,930	$8.664M	2.4%	—	—	com	377322102
OSUR	Orasure Technologies	479,970	$8.284M	2.3%	—	—	com	68554V108
TAL	Tal Education Group ADR	64,885	$7.936M	2.2%	—	—	com	874080104
EGBN	Eagle Bancorp, Inc.	124,098	$7.855M	2.2%	—	—	com	268948106
MXL	Maxlinear, Inc. Class A	257,440	$7.18M	2.0%	—	—	com	57776J100
—	Carbonite, Inc.	316,720	$6.904M	1.9%	—	—	com	141337105
—	INPHI Corp.	197,785	$6.784M	1.9%	—	—	com	45772F107
INGN	Inogen, Inc.	69,950	$6.675M	1.8%	—	—	com	45780L104
—	Cyber-Ark Software	128,450	$6.416M	1.8%	—	—	com	M2682V108
ITRI	Itron Inc	93,335	$6.323M	1.7%	—	—	com	465741106
PATK	Patrick Industries, Inc.	86,040	$6.268M	1.7%	—	—	com	703343103
MPWR	Monolithic Pwr Sys	64,742	$6.241M	1.7%	—	—	com	609839105
LGND	Ligand Pharmaceuticals	49,452	$6.003M	1.6%	—	—	com	53220K504
—	Callidus Software Inc.	240,789	$5.827M	1.6%	—	—	com	13123E500
—	Cavium, Inc.	88,140	$5.476M	1.5%	—	—	com	14964U108
—	Centerstate Banks, Inc.	219,960	$5.468M	1.5%	—	—	com	15201P109
—	Pacific Premier Bancorp, Inc.	145,830	$5.381M	1.5%	—	—	com	69478X105
BABA	Alibaba ADR	37,405	$5.27M	1.4%	—	—	com	01609W102
CPS	Cooper Std Hldgs Inc.	50,061	$5.05M	1.4%	—	—	com	21676P103
PLCE	Children's Place	49,015	$5.004M	1.4%	—	—	com	168905107
FANG	Diamondback Energy Inc.	53,775	$4.776M	1.3%	—	—	com	25278X109
AMN	AMN Healthcare Svcs	120,790	$4.717M	1.3%	—	—	com	001744101
TCMD	Tactile Sys Technology, Inc.	163,250	$4.666M	1.3%	—	—	com	87357P100
SMTC	Semtech Corp.	125,240	$4.477M	1.2%	—	—	com	816850101
LITE	Lumentum Hldgs, Inc.	77,406	$4.416M	1.2%	—	—	com	55024U109
—	New Oriental Education ADR	61,070	$4.305M	1.2%	—	—	com	647581107
—	Nuvasive	52,250	$4.019M	1.1%	—	—	com	670704105
—	Tenneco, Inc.	69,266	$4.006M	1.1%	—	—	com	880349105
OSK	Oshkosh Corp.	53,568	$3.69M	1.0%	—	—	com	688239201
VC	Visteon Corp.	34,040	$3.474M	1.0%	—	—	com	92839U206
HQY	HealthEquity Inc.	69,640	$3.47M	1.0%	—	—	com	42226A107
KMT	Kennametal, Inc.	90,300	$3.379M	0.9%	—	—	com	489170100
—	Cambrex Corp	56,305	$3.364M	0.9%	—	—	com	132011107
BURL	Burlington Stores, Inc.	35,565	$3.272M	0.9%	—	—	com	122017106
—	Callon Petroleum Corp.	291,160	$3.089M	0.8%	—	—	com	13123X102
—	CTRIP Com Int'l Ltd ADR	56,760	$3.057M	0.8%	—	—	com	22943F100
EXTR	Extreme Networks, Inc.	318,230	$2.934M	0.8%	—	—	com	30226D106
—	Eldorado Resorts, Inc.	142,730	$2.855M	0.8%	—	—	com	28470R102
HY	Hyster-Yale Materials	33,907	$2.382M	0.7%	—	—	com	449172105
—	Momo, Inc. ADR	60,100	$2.221M	0.6%	—	—	com	60879B107
NTES	Netease.Com, Inc. ADR	6,890	$2.071M	0.6%	—	—	com	64110W102
—	China Lodging Group-Spon ADS	25,000	$2.017M	0.6%	—	—	com	16949N109
SPY	SPDR S&P 500 ETF Trust	8,243	$1.993M	0.5%	—	—	com	78462F103
WB	Weibo Corp. Spon ADR	29,700	$1.974M	0.5%	—	—	com	948596101
—	LHC Group, Inc.	28,200	$1.914M	0.5%	—	—	com	50187A107
HDSN	Hudson Technologies	212,000	$1.791M	0.5%	—	—	com	444144109
AXTI	AXT Inc	273,130	$1.734M	0.5%	—	—	com	00246W103
—	Sina Corp. ADR	19,550	$1.661M	0.5%	—	—	com	G81477104
—	Ikang Healthcare Group, Inc. A	134,600	$1.652M	0.5%	—	—	com	45174l108
JD	JD.com	40,250	$1.579M	0.4%	—	—	com	47215P106
—	Tivity Health Inc	37,400	$1.49M	0.4%	—	—	com	88870R102
—	Cutera Inc	54,400	$1.409M	0.4%	—	—	com	232109108
SKYW	Skywest Inc	40,000	$1.404M	0.4%	—	—	com	830879102
—	Ring Energy, Inc.	105,300	$1.369M	0.4%	—	—	com	76680v108
—	Franklin Finl Network, Inc.	32,800	$1.353M	0.4%	—	—	com	35352P104
CUBI	Customers Bancorp, Inc.	46,200	$1.307M	0.4%	—	—	com	23204G100
—	Spartan Motors, Inc.	143,300	$1.268M	0.3%	—	—	com	846819100
LNTH	Lantheus Hldgs Inc.	70,400	$1.243M	0.3%	—	—	com	516544103
—	Almost Family, Inc.	19,900	$1.227M	0.3%	—	—	com	020409108
—	Emcore Corp.	114,900	$1.224M	0.3%	—	—	com	290846203
NVRI	Harsco Corp.	75,900	$1.222M	0.3%	—	—	com	415864107
ADUS	Addus Homecare Corp.	32,800	$1.22M	0.3%	—	—	com	006739106
EFSC	Enterprise Finl Svcs	28,400	$1.159M	0.3%	—	—	com	293712105
OSIS	Osi Systems, Inc.	14,800	$1.112M	0.3%	—	—	com	671044105
ASUR	Asure Software, Inc.	76,000	$1.11M	0.3%	—	—	com	04649U102
—	Care Com, Inc.	72,700	$1.098M	0.3%	—	—	com	141633107
CCS	Century Communities, Inc.	44,000	$1.091M	0.3%	—	—	com	156504300
—	United Financial Bancorp, Inc.	65,100	$1.087M	0.3%	—	—	com	910304104
—	Career Education Corp.	112,600	$1.081M	0.3%	—	—	com	141665109
RAIL	FreightCar America, Inc.	61,500	$1.069M	0.3%	—	—	com	357023100
MBUU	Malibu Boats, Inc.	40,900	$1.058M	0.3%	—	—	com	56117J100
—	Blucora, Inc.	49,700	$1.054M	0.3%	—	—	com	095229100
—	Ferro Corp.	57,300	$1.048M	0.3%	—	—	com	315405100
—	Cai International, Inc.	44,000	$1.038M	0.3%	—	—	com	12477X106
—	Manitex International, Inc.	142,000	$991K	0.3%	—	—	com	563420108
VRNS	Varonis Sys, Inc.	26,400	$982K	0.3%	—	—	com	922280102
KAI	Kadant Inc.	13,000	$978K	0.3%	—	—	com	48282T104
—	Craft Brew Alliance, Inc.	57,500	$969K	0.3%	—	—	com	224122101
—	Nutrisystem Inc	18,500	$963K	0.3%	—	—	com	67069D108
—	Rosetta Stone, Inc.	88,600	$955K	0.3%	—	—	com	777780107
INBK	First Internet Bancorp	33,050	$927K	0.3%	—	—	com	320557101
QCRH	QCR Holdings Inc.	19,100	$905K	0.2%	—	—	com	74727A104
—	Super Micro Computer Inc.	35,300	$870K	0.2%	—	—	com	86800U104
—	Biotelemetry, Inc.	25,700	$860K	0.2%	—	—	com	090672106
DXPE	DXP Enterprises, Inc.	24,000	$828K	0.2%	—	—	com	233377407
IBCP	Independent Bancorp	37,500	$816K	0.2%	—	—	com	453838609
—	Tivo corp.	43,500	$811K	0.2%	—	—	com	88870P106
ZTO	ZTO Express ADR	57,440	$802K	0.2%	—	—	com	98980A105
CENT	Central Garden & Pet Co.	24,000	$763K	0.2%	—	—	com	153527106
—	Earthstone Energy Inc.	75,953	$760K	0.2%	—	—	com	27032D304
—	Coherent, Inc	3,031	$682K	0.2%	—	—	com	192479103
—	Lifetime Brands	35,800	$650K	0.2%	—	—	com	53222q103
—	Vocera Communications, Inc.	24,400	$645K	0.2%	—	—	com	92857F107
—	Oclaro, Inc.	65,500	$612K	0.2%	—	—	com	67555N206
YUMC	Yum China Hldgs, Inc. ADR	15,430	$608K	0.2%	—	—	com	98850P109
RYAM	Rayonier Advanced Materials, I	37,466	$589K	0.2%	—	—	com	75508B104
—	Control 4 Corp	29,700	$582K	0.2%	—	—	com	21240D107
—	Bitauto	20,000	$575K	0.2%	—	—	com	091727107
—	Zix Corp.	100,000	$569K	0.2%	—	—	com	98974P100
AAPL	Apple, Inc.	3,671	$529K	0.1%	—	—	com	037833100
—	PCM, Inc.	27,809	$521K	0.1%	—	—	com	69323K100
WD	Walker & Dunlop, Inc.	10,500	$513K	0.1%	—	—	com	93148P102
—	MCBC Holdings Inc	25,600	$500K	0.1%	—	—	com	55276F107
JPM	JP Morgan Chase & Company Inc.	5,383	$492K	0.1%	—	—	com	46625H100
—	Del Taco Restaurants Inc.	34,800	$479K	0.1%	—	—	com	245496104
—	Triumph Group, Inc.	15,000	$474K	0.1%	—	—	com	896818101
MNST	Monster Beverage Corp.	9,300	$462K	0.1%	—	—	com	61174X109
—	Radiant Logistics, Inc.	84,585	$455K	0.1%	—	—	com	75025x100
—	Psychemedics Corp.	17,000	$424K	0.1%	—	—	com	744375205
TRV	The Travelers Co., Inc.	3,304	$418K	0.1%	—	—	com	89417E109
—	Shiloh Inds, Inc.	35,555	$417K	0.1%	—	—	com	824543102
MSFT	Microsoft Corp.	5,490	$378K	0.1%	—	—	com	594918104
CVU	CPI Aerostructures, Inc.	40,000	$376K	0.1%	—	—	com	125919308
JNJ	Johnson & Johnson	2,715	$359K	0.1%	—	—	com	478160104
AMGN	Amgen, Inc.	2,027	$349K	0.1%	—	—	com	031162100
—	China Biologic Products	3,000	$339K	0.1%	—	—	com	16938C106
—	Blueprint Medicines Corp.	6,600	$334K	0.1%	—	—	com	09627Y109
INTC	Intel Corporation	9,680	$327K	0.1%	—	—	com	458140100
MA	Mastercard, Inc.	2,249	$273K	0.1%	—	—	com	57636Q104
AXGN	Axogen Inc.	15,900	$266K	0.1%	—	—	com	05463X106
WLDN	Willdan Group Inc.	8,257	$252K	0.1%	—	—	com	96924N100
BK	Bank of New York Mellon Corp.	4,871	$249K	0.1%	—	—	com	064058100
—	Perceptron Inc.	32,300	$235K	0.1%	—	—	com	71361F100
—	Exfo Inc.	49,600	$233K	0.1%	—	—	com	302046107
VZ	Verizon Communications	5,065	$226K	0.1%	—	—	com	92343V104
WMT	Wal Mart Stores Inc.	2,926	$221K	0.1%	—	—	com	931142103
CVV	CVD Equipment Corp.	20,000	$221K	0.1%	—	—	com	126601103
XNCR	Xencor, Inc.	10,100	$213K	0.1%	—	—	com	98401F105
—	Imperva Inc.	4,280	$205K	0.1%	—	—	com	45321L100
NEM	Newmont Mining	6,233	$202K	0.1%	—	—	com	651639106
—	Fireeye,Inc.	13,060	$199K	0.1%	—	—	com	31816Q101
VNDA	Vanda Pharmaceuticals, Inc.	10,600	$173K	0.0%	—	—	com	921659108
—	Central FD CDA CL A	11,800	$145K	0.0%	—	—	com	153501101
BCRX	Biocryst Pharmaceuticals, Inc.	17,100	$95,000	0.0%	—	—	com	09058V103
ATAR	Avatar Ventures	10,000	$0	0.0%	—	—	com	05350B100
—	Xenacare Hldgs, Inc.	140,000	$0	0.0%	—	—	com	98401A106
—	American Power Corp	10,000	$0	0.0%	—	—	com	02906t107
—	Tital Oil & Gas, Inc.	10,000	$0	0.0%	—	—	com	888309101