SNYDER CAPITAL MANAGEMENT L P Activity Q4 2000-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
CLH	Sell	CLEAN HARBORS INC.	$275,686,772	-7.5%	1,647,268	-9.1%	6.22%	-2.0%
BWXT	Buy	BWX TECHNOLOGIES	$208,134,283	+5.3%	2,775,864	+0.5%	4.70%	+11.6%
ENTG	Sell	ENTEGRIS INC.	$189,276,826	-15.3%	2,015,513	-0.1%	4.27%	-10.3%
KBR	Sell	KBR, INC.	$175,081,800	-9.8%	2,970,509	-0.4%	3.95%	-4.4%
HALO	Buy	HALOZYME THERAPEUTICS INC.	$165,185,662	+5.9%	4,324,232	+0.0%	3.73%	+12.3%
INGR	Buy	INGREDION INC.	$156,685,469	+1.1%	1,592,332	+8.8%	3.54%	+7.1%
CBT	Sell	CABOT CORP.	$118,330,131	+1.6%	1,708,245	-1.9%	2.67%	+7.7%
CACI	Sell	CACI INTERNATIONAL	$112,884,833	-9.9%	359,586	-2.2%	2.55%	-4.5%
WCN	Buy	WASTE CONNECTIONS INC.	$112,428,036	-3.1%	837,141	+3.1%	2.54%	+2.7%
ROLL	Sell	RBC BEARINGS INC.	$100,632,352	+7.5%	429,814	-0.1%	2.27%	+13.9%
IEX	Sell	IDEX CORP.	$98,639,548	-5.3%	474,183	-2.0%	2.22%	+0.3%
WWD	Sell	WOODWARD INC.	$97,662,768	+2.6%	785,955	-1.8%	2.20%	+8.7%
AME	Buy	AMETEK INC.	$89,921,417	-7.2%	608,564	+1.6%	2.03%	-1.7%
HEIA	Sell	HEICO CORP - CLASS A	$88,391,907	-9.9%	684,042	-1.9%	1.99%	-4.5%
APH	Buy	AMPHENOL CORP. CL A	$85,793,265	+0.1%	1,021,470	+1.2%	1.94%	+6.1%
UGI	Sell	UGI CORP.	$84,943,071	-14.8%	3,693,177	-0.1%	1.92%	-9.8%
KAR	Sell	OPENLANE, INC.	$82,257,765	-3.7%	5,513,255	-1.8%	1.86%	+2.0%
CAE	Buy	CAE INC.	$79,429,695	+18.5%	3,401,700	+13.6%	1.79%	+25.6%
HSIC	Buy	HENRY SCHEIN, INC.	$75,038,683	-5.5%	1,010,622	+3.2%	1.69%	+0.1%
GGG	Sell	GRACO INC.	$73,911,689	-17.2%	1,014,156	-1.9%	1.67%	-12.3%
POWI	Sell	POWER INTEGRATIONS INC.	$73,856,252	-21.3%	967,845	-2.3%	1.67%	-16.6%
SSNC	Buy	SS&C TECHNOLOGIES HOLDINGS	$71,077,163	-2.9%	1,352,820	+12.0%	1.60%	+3.0%
BRX	Buy	BRIXMOR PROPERTY GROUP, INC.	$66,927,684	-4.3%	3,220,774	+1.4%	1.51%	+1.5%
	Buy	R1 RCM INC.	$66,370,405	-13.4%	4,404,141	+6.0%	1.50%	-8.3%
APG	Buy	API GROUP CORP	$64,087,758	+1.5%	2,471,568	+6.7%	1.45%	+7.6%
SNPS	Sell	SYNOPSYS INC.	$62,468,571	-4.0%	136,106	-8.9%	1.41%	+1.7%
CPRT	Buy	COPART INC.	$61,486,500	-1.5%	1,426,932	+108.4%	1.39%	+4.3%
FMC	Buy	FMC CORP	$60,645,152	-33.6%	905,557	+3.5%	1.37%	-29.6%
HELE	Sell	HELEN OF TROY LTD.	$60,383,209	+5.8%	518,044	-2.0%	1.36%	+12.1%
PB	Sell	PROSPERITY BANCSHARES, INC.	$57,738,981	-5.2%	1,057,878	-1.9%	1.30%	+0.5%
UCBI	Sell	UNITED COMMUNITY BANKS, INC. O	$57,528,697	-0.7%	2,264,018	-2.4%	1.30%	+5.2%
MGRC	Buy	MCGRATH RENTCORP	$53,411,781	+13.1%	532,839	+4.4%	1.20%	+19.9%
ADI	Buy	ANALOG DEVICES INC	$53,201,972	-4.3%	303,855	+6.5%	1.20%	+1.4%
AEIS	Buy	ADVANCED ENERGY INDUSTRIES, IN	$51,951,959	-4.8%	503,801	+2.9%	1.17%	+0.9%
RLI	Sell	RLI CORP.	$50,411,929	-2.8%	370,976	-2.4%	1.14%	+3.0%
SSD	Sell	SIMPSON MANUFACTURING	$49,254,382	+5.6%	328,779	-2.4%	1.11%	+11.9%
AGYS	Sell	AGILYSYS INC.	$49,016,885	-5.8%	740,884	-2.3%	1.11%	-0.2%
SCHW	Buy	CHARLES SCHWAB CORP	$47,087,510	+13.5%	857,696	+17.1%	1.06%	+20.1%
MA	Buy	MASTERCARD, INC. CL-A	$44,386,262	+7.2%	112,112	+6.5%	1.00%	+13.6%
	Buy	COHERENT CORP	$43,077,880	-27.5%	1,319,788	+13.2%	0.97%	-23.2%
TWNK	Sell	HOSTESS BRANDS INC.	$39,495,700	-50.9%	1,185,701	-62.6%	0.89%	-47.9%
MRCY	Buy	MERCURY SYSTEMS INC.	$38,960,560	+27.7%	1,050,433	+19.1%	0.88%	+35.2%
V	Buy	VISA INC-CLASS A SHARES	$38,271,134	+3.1%	166,389	+6.5%	0.86%	+9.2%
PDFS	Sell	PDF SOLUTIONS, INC.	$37,836,202	-29.8%	1,167,784	-2.2%	0.85%	-25.5%
FCN	Sell	FTI CONSULTING	$36,415,265	-22.2%	204,110	-17.0%	0.82%	-17.5%
MTX	Sell	MINERALS TECHNOLOGIES INC	$35,376,329	-7.2%	646,025	-2.2%	0.80%	-1.7%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$34,430,860	-19.6%	588,763	-2.2%	0.78%	-14.7%
BRO	Sell	BROWN & BROWN INC.	$34,199,810	+1.1%	489,688	-0.3%	0.77%	+7.2%
VRRM	New	VERRA MOBILITY CORP.	$33,793,630	–	1,807,146	–	0.76%	–
IQV	Buy	IQVIA HOLDINGS INC.	$31,551,223	-6.7%	160,362	+6.5%	0.71%	-1.1%
LKQ	Sell	LKQ CORP	$31,542,326	-15.3%	637,090	-0.3%	0.71%	-10.2%
CGNX	Buy	COGNEX CORP	$31,274,291	-15.4%	736,906	+11.7%	0.71%	-10.3%
CRL	Sell	CHARLES RIVER LABORATORIES	$30,344,367	-7.1%	154,834	-0.3%	0.68%	-1.6%
VVV	Sell	VALVOLINE INC.	$28,689,506	-15.9%	889,873	-2.1%	0.65%	-10.9%
BCO	Sell	BRINK'S CO, THE	$26,774,668	+4.6%	368,594	-2.4%	0.60%	+10.8%
DLB	Buy	DOLBY LABORATORIES INC. CL A	$25,774,322	+41.1%	325,187	+48.9%	0.58%	+49.6%
STE	Sell	STERIS PLC	$24,993,474	-2.8%	113,907	-0.3%	0.56%	+2.9%
NNI	Sell	NELNET INC. CL A	$25,014,245	-9.6%	280,052	-2.3%	0.56%	-4.2%
DORM	Sell	DORMAN PRODUCTS INC.	$23,972,131	-6.2%	316,422	-2.4%	0.54%	-0.6%
GBCI	Sell	GLACIER BANCORP INC.	$23,634,736	-10.6%	829,289	-2.2%	0.53%	-5.3%
NNN	Buy	NNN REIT, INC.	$23,194,101	-7.8%	656,313	+11.7%	0.52%	-2.2%
HBAN	Sell	HUNTINGTON BANCSHARES INC.	$22,556,622	-3.9%	2,168,906	-0.3%	0.51%	+1.8%
NGVT	Sell	INGEVITY CORP	$21,186,831	-20.1%	445,008	-2.4%	0.48%	-15.2%
CDMO	Buy	AVID BIOSERVICES INC.	$21,059,989	-30.0%	2,230,931	+3.6%	0.48%	-25.9%
PPBI	Sell	PACIFIC PREMIER BANCORP INC	$20,714,563	+2.9%	951,956	-2.2%	0.47%	+8.9%
FAF	Sell	FIRST AMERICAN FINANCIAL	$17,379,205	-1.3%	307,651	-0.3%	0.39%	+4.5%
KEYS	Sell	KEYSIGHT TECHNOLOGIES	$15,704,139	-21.3%	118,692	-0.3%	0.35%	-16.7%
HXL	Sell	HEXCEL CORP	$14,089,521	-14.6%	216,296	-0.3%	0.32%	-9.4%
MKL	Sell	MARKEL GROUP INC.	$13,932,700	+6.1%	9,462	-0.4%	0.31%	+12.1%
TECH	Sell	BIO TECHNE CORP	$8,633,454	-16.9%	126,832	-0.3%	0.20%	-11.8%
MAA	Sell	MID-AMERICA APARTMENT COMMUNIT	$6,813,690	-15.6%	52,963	-0.3%	0.15%	-10.5%

Q2 2023

			Value		Shares		↓ Weighting
CLH	New	CLEAN HARBORS INC.	$298,111,426	–	1,812,999	–	6.35%	–
ENTG	New	ENTEGRIS INC.	$223,521,945	–	2,016,982	–	4.76%	–
BWXT	New	BWX TECHNOLOGIES	$197,634,114	–	2,761,410	–	4.21%	–
KBR	New	KBR, INC.	$194,123,426	–	2,983,760	–	4.13%	–
HALO	New	HALOZYME THERAPEUTICS INC.	$155,949,078	–	4,323,512	–	3.32%	–
INGR	New	INGREDION INC.	$155,012,372	–	1,463,071	–	3.30%	–
CACI	New	CACI INTERNATIONAL	$125,274,719	–	367,547	–	2.67%	–
CBT	New	CABOT CORP.	$116,444,988	–	1,740,843	–	2.48%	–
WCN	New	WASTE CONNECTIONS INC.	$116,064,163	–	812,035	–	2.47%	–
IEX	New	IDEX CORP.	$104,164,745	–	483,902	–	2.22%	–
UGI	New	UGI CORP.	$99,687,350	–	3,696,231	–	2.12%	–
HEIA	New	HEICO CORP - CLASS A	$98,053,456	–	697,393	–	2.09%	–
AME	New	AMETEK INC.	$96,916,747	–	598,695	–	2.06%	–
WWD	New	WOODWARD INC.	$95,169,737	–	800,351	–	2.03%	–
POWI	New	POWER INTEGRATIONS INC.	$93,828,573	–	991,112	–	2.00%	–
ROLL	New	RBC BEARINGS INC.	$93,590,824	–	430,362	–	1.99%	–
FMC	New	FMC CORP	$91,313,568	–	875,154	–	1.94%	–
GGG	New	GRACO INC.	$89,288,059	–	1,034,025	–	1.90%	–
APH	New	AMPHENOL CORP. CL A	$85,718,797	–	1,009,050	–	1.82%	–
KAR	New	OPENLANE, INC.	$85,420,956	–	5,612,415	–	1.82%	–
TWNK	New	HOSTESS BRANDS INC.	$80,366,845	–	3,174,046	–	1.71%	–
HSIC	New	HENRY SCHEIN, INC.	$79,404,848	–	979,098	–	1.69%	–
	New	R1 RCM INC.	$76,635,322	–	4,153,676	–	1.63%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS	$73,171,591	–	1,207,452	–	1.56%	–
BRX	New	BRIXMOR PROPERTY GROUP, INC.	$69,903,284	–	3,177,422	–	1.49%	–
CAE	New	CAE INC.	$67,005,071	–	2,993,971	–	1.43%	–
SNPS	New	SYNOPSYS INC.	$65,050,254	–	149,400	–	1.38%	–
APG	New	API GROUP CORP	$63,140,457	–	2,316,231	–	1.34%	–
CPRT	New	COPART INC.	$62,452,946	–	684,716	–	1.33%	–
PB	New	PROSPERITY BANCSHARES, INC.	$60,905,490	–	1,078,355	–	1.30%	–
	New	COHERENT CORP	$59,448,849	–	1,166,121	–	1.27%	–
UCBI	New	UNITED COMMUNITY BANKS, INC. O	$57,943,288	–	2,318,659	–	1.23%	–
HELE	New	HELEN OF TROY LTD.	$57,073,015	–	528,356	–	1.22%	–
ADI	New	ANALOG DEVICES INC	$55,574,423	–	285,275	–	1.18%	–
AEIS	New	ADVANCED ENERGY INDUSTRIES, IN	$54,562,799	–	489,572	–	1.16%	–
PDFS	New	PDF SOLUTIONS, INC.	$53,863,787	–	1,194,319	–	1.15%	–
AGYS	New	AGILYSYS INC.	$52,055,958	–	758,391	–	1.11%	–
RLI	New	RLI CORP.	$51,867,198	–	380,063	–	1.10%	–
MGRC	New	MCGRATH RENTCORP	$47,222,045	–	510,619	–	1.00%	–
FCN	New	FTI CONSULTING	$46,778,739	–	245,945	–	1.00%	–
SSD	New	SIMPSON MANUFACTURING	$46,632,119	–	336,694	–	0.99%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$42,804,825	–	601,783	–	0.91%	–
SCHW	New	CHARLES SCHWAB CORP	$41,498,035	–	732,146	–	0.88%	–
MA	New	MASTERCARD, INC. CL-A	$41,397,185	–	105,256	–	0.88%	–
MTX	New	MINERALS TECHNOLOGIES INC	$38,114,341	–	660,675	–	0.81%	–
LKQ	New	LKQ CORP	$37,251,953	–	639,299	–	0.79%	–
V	New	VISA INC-CLASS A SHARES	$37,107,675	–	156,256	–	0.79%	–
CGNX	New	COGNEX CORP	$36,948,887	–	659,566	–	0.79%	–
VVV	New	VALVOLINE INC.	$34,101,391	–	909,128	–	0.73%	–
BRO	New	BROWN & BROWN INC.	$33,826,875	–	491,384	–	0.72%	–
IQV	New	IQVIA HOLDINGS INC.	$33,829,009	–	150,505	–	0.72%	–
CRL	New	CHARLES RIVER LABORATORIES	$32,666,122	–	155,368	–	0.70%	–
MRCY	New	MERCURY SYSTEMS INC.	$30,512,600	–	882,122	–	0.65%	–
CDMO	New	AVID BIOSERVICES INC.	$30,096,689	–	2,154,380	–	0.64%	–
NNI	New	NELNET INC. CL A	$27,668,341	–	286,778	–	0.59%	–
NGVT	New	INGEVITY CORP	$26,505,024	–	455,726	–	0.56%	–
GBCI	New	GLACIER BANCORP INC.	$26,436,430	–	848,137	–	0.56%	–
STE	New	STERIS PLC	$25,715,889	–	114,303	–	0.55%	–
BCO	New	BRINK'S CO, THE	$25,604,672	–	377,483	–	0.54%	–
DORM	New	DORMAN PRODUCTS INC.	$25,544,073	–	324,040	–	0.54%	–
NNN	New	NNN REIT, INC.	$25,144,987	–	587,637	–	0.54%	–
HBAN	New	HUNTINGTON BANCSHARES INC.	$23,461,775	–	2,176,417	–	0.50%	–
PPBI	New	PACIFIC PREMIER BANCORP INC	$20,135,764	–	973,683	–	0.43%	–
KEYS	New	KEYSIGHT TECHNOLOGIES	$19,943,797	–	119,103	–	0.42%	–
DLB	New	DOLBY LABORATORIES INC. CL A	$18,270,608	–	218,339	–	0.39%	–
FAF	New	FIRST AMERICAN FINANCIAL	$17,602,986	–	308,716	–	0.38%	–
HXL	New	HEXCEL CORP	$16,492,387	–	216,948	–	0.35%	–
MKL	New	MARKEL GROUP INC.	$13,137,444	–	9,498	–	0.28%	–
TECH	New	BIO TECHNE CORP	$10,384,316	–	127,212	–	0.22%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$8,071,207	–	53,149	–	0.17%	–

Q4 2022

			Value		Shares		↓ Weighting
TECH	Exit	BIO TECHNE CORP	$0	–	-31,222	–	-0.23%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-57,741	–	-0.23%	–
MKL	Exit	MARKEL CORP.	$0	–	-10,320	–	-0.29%	–
HXL	Exit	HEXCEL CORP	$0	–	-220,005	–	-0.29%	–
FAF	Exit	FIRST AMERICAN FINANCIAL	$0	–	-335,358	–	-0.40%	–
DLB	Exit	DOLBY LABORATORIES INC. CL A	$0	–	-237,072	–	-0.40%	–
BCO	Exit	BRINK'S CO, THE	$0	–	-380,903	–	-0.47%	–
STE	Exit	STERIS PLC	$0	–	-124,160	–	-0.53%	–
IQV	Exit	IQVIA HOLDINGS INC.	$0	–	-116,816	–	-0.54%	–
NNI	Exit	NELNET INC. CL A	$0	–	-289,356	–	-0.59%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES	$0	–	-148,425	–	-0.60%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-132,019	–	-0.60%	–
MA	Exit	MASTERCARD, INC. CL-A	$0	–	-88,849	–	-0.65%	–
NNN	Exit	NATIONAL RETAIL PROPERTIES	$0	–	-638,289	–	-0.65%	–
MTX	Exit	MINERALS TECHNOLOGIES INC	$0	–	-525,872	–	-0.66%	–
GBCI	Exit	GLACIER BANCORP INC.	$0	–	-539,041	–	-0.68%	–
SSD	Exit	SIMPSON MANUFACTURING	$0	–	-339,755	–	-0.68%	–
DORM	Exit	DORMAN PRODUCTS INC.	$0	–	-326,971	–	-0.69%	–
CGNX	Exit	COGNEX CORP	$0	–	-664,828	–	-0.70%	–
NGVT	Exit	INGEVITY CORP	$0	–	-459,846	–	-0.71%	–
APG	Exit	API GROUP CORP	$0	–	-2,175,215	–	-0.74%	–
CRL	Exit	CHARLES RIVER LABORATORIES	$0	–	-152,493	–	-0.77%	–
LKQ	Exit	LKQ CORP	$0	–	-643,095	–	-0.78%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC.	$0	–	-2,364,038	–	-0.80%	–
MGRC	Exit	MCGRATH RENTCORP	$0	–	-382,700	–	-0.82%	–
BRO	Exit	BROWN & BROWN INC.	$0	–	-533,737	–	-0.82%	–
VVV	Exit	VALVOLINE INC.	$0	–	-1,279,052	–	-0.83%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-240,893	–	-0.86%	–
SCHW	Exit	CHARLES SCHWAB CORP	$0	–	-473,587	–	-0.87%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-495,986	–	-0.88%	–
PDFS	Exit	PDF SOLUTIONS, INC.	$0	–	-1,446,818	–	-0.91%	–
MRCY	Exit	MERCURY SYSTEMS INC.	$0	–	-889,793	–	-0.92%	–
	Exit	COHERENT CORP	$0	–	-1,048,365	–	-0.93%	–
CDMO	Exit	AVID BIOSERVICES INC.	$0	–	-1,976,560	–	-0.97%	–
AEIS	Exit	ADVANCED ENERGY INDUSTRIES, IN	$0	–	-494,001	–	-0.98%	–
PPBI	Exit	PACIFIC PREMIER BANCORP INC	$0	–	-1,240,825	–	-0.98%	–
RLI	Exit	RLI CORP.	$0	–	-383,519	–	-1.00%	–
FCN	Exit	FTI CONSULTING	$0	–	-247,865	–	-1.05%	–
CPRT	Exit	COPART INC.	$0	–	-395,281	–	-1.08%	–
	Exit	R1 RCM INC.	$0	–	-2,271,645	–	-1.08%	–
IAA	Exit	IAA INC.	$0	–	-1,452,049	–	-1.18%	–
AGYS	Exit	AGILYSYS INC.	$0	–	-850,021	–	-1.20%	–
SNPS	Exit	SYNOPSYS INC.	$0	–	-162,289	–	-1.27%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-760,977	–	-1.28%	–
CTLT	Exit	CATALENT INC.	$0	–	-699,771	–	-1.29%	–
HELE	Exit	HELEN OF TROY LTD.	$0	–	-540,409	–	-1.33%	–
BRX	Exit	BRIXMOR PROPERTY GROUP, INC.	$0	–	-3,206,092	–	-1.51%	–
HSIC	Exit	HENRY SCHEIN, INC.	$0	–	-916,313	–	-1.54%	–
GGG	Exit	GRACO INC.	$0	–	-1,060,816	–	-1.63%	–
WWD	Exit	WOODWARD INC.	$0	–	-798,664	–	-1.64%	–
POWI	Exit	POWER INTEGRATIONS INC.	$0	–	-1,000,065	–	-1.64%	–
KAR	Exit	KAR AUCTION SERVICES INC.	$0	–	-5,789,280	–	-1.65%	–
APH	Exit	AMPHENOL CORP. CL A	$0	–	-975,333	–	-1.67%	–
AME	Exit	AMETEK INC.	$0	–	-588,160	–	-1.70%	–
PB	Exit	PROSPERITY BANCSHARES, INC.	$0	–	-1,107,876	–	-1.89%	–
TWNK	Exit	HOSTESS BRANDS INC.	$0	–	-3,201,583	–	-1.90%	–
UCBI	Exit	UNITED COMMUNITY BANKS, INC. O	$0	–	-2,339,250	–	-1.98%	–
HEIA	Exit	HEICO CORP - CLASS A	$0	–	-741,096	–	-2.17%	–
ROLL	Exit	RBC BEARINGS INC.	$0	–	-416,242	–	-2.21%	–
FMC	Exit	FMC CORP	$0	–	-832,596	–	-2.25%	–
CACI	Exit	CACI INTERNATIONAL	$0	–	-366,749	–	-2.45%	–
IEX	Exit	IDEX CORP.	$0	–	-494,868	–	-2.53%	–
WCN	Exit	WASTE CONNECTIONS INC.	$0	–	-811,573	–	-2.80%	–
INGR	Exit	INGREDION INC.	$0	–	-1,392,652	–	-2.87%	–
CBT	Exit	CABOT CORP.	$0	–	-1,788,612	–	-2.92%	–
KBR	Exit	KBR, INC.	$0	–	-2,953,543	–	-3.26%	–
BWXT	Exit	BWX TECHNOLOGIES	$0	–	-2,706,613	–	-3.48%	–
UGI	Exit	UGI CORP.	$0	–	-4,369,023	–	-3.61%	–
ENTG	Exit	ENTEGRIS INC.	$0	–	-1,855,233	–	-3.94%	–
HALO	Exit	HALOZYME THERAPEUTICS INC.	$0	–	-4,418,928	–	-4.47%	–
CLH	Exit	CLEAN HARBORS INC.	$0	–	-2,172,294	–	-6.11%	–

Q3 2022

			Value		Shares		↓ Weighting
CLH	Buy	CLEAN HARBORS INC.	$238,909,000	+35.3%	2,172,294	+7.9%	6.11%	+27.7%
HALO	Buy	HALOZYME THERAPEUTICS INC.	$174,724,000	-3.4%	4,418,928	+7.5%	4.47%	-8.8%
ENTG	Buy	ENTEGRIS INC.	$154,021,000	+4.0%	1,855,233	+15.4%	3.94%	-1.9%
UGI	Buy	UGI CORP.	$141,251,000	-7.4%	4,369,023	+10.6%	3.61%	-12.6%
BWXT	Buy	BWX TECHNOLOGIES	$136,332,000	+2.4%	2,706,613	+12.0%	3.48%	-3.3%
KBR	Buy	KBR, INC.	$127,652,000	+4.8%	2,953,543	+17.3%	3.26%	-1.1%
CBT	Buy	CABOT CORP.	$114,274,000	+14.5%	1,788,612	+14.3%	2.92%	+8.0%
INGR	Buy	INGREDION INC.	$112,136,000	+1.4%	1,392,652	+11.0%	2.87%	-4.3%
WCN	Buy	WASTE CONNECTIONS INC.	$109,668,000	+9.8%	811,573	+0.7%	2.80%	+3.6%
IEX	Buy	IDEX CORP.	$98,899,000	+27.6%	494,868	+16.0%	2.53%	+20.4%
CACI	Buy	CACI INTERNATIONAL	$95,743,000	+21.2%	366,749	+30.8%	2.45%	+14.3%
FMC	Buy	FMC CORP	$88,005,000	-0.3%	832,596	+0.9%	2.25%	-5.9%
ROLL	Sell	RBC BEARINGS INC.	$86,499,000	+0.3%	416,242	-10.8%	2.21%	-5.4%
HEIA	Buy	HEICO CORP - CLASS A	$84,944,000	+24.3%	741,096	+14.3%	2.17%	+17.4%
UCBI	Buy	UNITED COMMUNITY BANKS, INC. O	$77,429,000	+32.9%	2,339,250	+21.2%	1.98%	+25.4%
TWNK	Buy	HOSTESS BRANDS INC.	$74,405,000	+32.9%	3,201,583	+21.3%	1.90%	+25.4%
PB	Buy	PROSPERITY BANCSHARES, INC.	$73,873,000	+11.7%	1,107,876	+14.3%	1.89%	+5.4%
AME	Buy	AMETEK INC.	$66,703,000	+3.5%	588,160	+0.3%	1.70%	-2.3%
APH	Buy	AMPHENOL CORP. CL A	$65,308,000	+4.5%	975,333	+0.5%	1.67%	-1.4%
KAR	Buy	KAR AUCTION SERVICES INC.	$64,666,000	-14.6%	5,789,280	+12.9%	1.65%	-19.4%
POWI	Buy	POWER INTEGRATIONS INC.	$64,324,000	+3.9%	1,000,065	+21.2%	1.64%	-1.9%
WWD	Buy	WOODWARD INC.	$64,101,000	+0.3%	798,664	+15.5%	1.64%	-5.4%
GGG	Buy	GRACO INC.	$63,596,000	+15.9%	1,060,816	+14.8%	1.63%	+9.4%
HSIC	Buy	HENRY SCHEIN, INC.	$60,266,000	-13.0%	916,313	+1.5%	1.54%	-18.0%
BRX	Buy	BRIXMOR PROPERTY GROUP, INC.	$59,217,000	+10.8%	3,206,092	+21.2%	1.51%	+4.6%
HELE	Buy	HELEN OF TROY LTD.	$52,117,000	-20.4%	540,409	+34.0%	1.33%	-24.9%
CTLT	Buy	CATALENT INC.	$50,635,000	-28.8%	699,771	+5.6%	1.29%	-32.8%
WAL	Buy	WESTERN ALLIANCE BANCORP	$50,027,000	-6.6%	760,977	+0.3%	1.28%	-11.8%
SNPS	Sell	SYNOPSYS INC.	$49,581,000	-1.7%	162,289	-2.3%	1.27%	-7.2%
AGYS	Buy	AGILYSYS INC.	$47,049,000	+29.3%	850,021	+10.4%	1.20%	+22.1%
IAA	Buy	IAA INC.	$46,248,000	+23.3%	1,452,049	+26.8%	1.18%	+16.3%
	Buy	R1 RCM INC.	$42,094,000	+27.2%	2,271,645	+43.9%	1.08%	+20.1%
CPRT	Buy	COPART INC.	$42,058,000	+40.2%	395,281	+43.2%	1.08%	+32.4%
FCN	Buy	FTI CONSULTING	$41,074,000	+33.2%	247,865	+45.4%	1.05%	+25.7%
RLI	Buy	RLI CORP.	$39,265,000	+6.4%	383,519	+21.2%	1.00%	+0.5%
PPBI	Buy	PACIFIC PREMIER BANCORP INC	$38,416,000	+28.3%	1,240,825	+21.2%	0.98%	+21.1%
AEIS	Buy	ADVANCED ENERGY INDUSTRIES, IN	$38,241,000	+28.5%	494,001	+21.2%	0.98%	+21.2%
CDMO	Buy	AVID BIOSERVICES INC.	$37,792,000	+51.8%	1,976,560	+21.2%	0.97%	+43.3%
	New	COHERENT CORP	$36,536,000	–	1,048,365	–	0.93%	–
MRCY	Buy	MERCURY SYSTEMS INC.	$36,126,000	-23.5%	889,793	+21.2%	0.92%	-27.8%
PDFS	Buy	PDF SOLUTIONS, INC.	$35,490,000	+38.2%	1,446,818	+21.2%	0.91%	+30.5%
SXT	Buy	SENSIENT TECHNOLOGIES CORP	$34,392,000	+4.3%	495,986	+21.2%	0.88%	-1.6%
SCHW	Buy	CHARLES SCHWAB CORP	$34,037,000	+18.8%	473,587	+4.4%	0.87%	+12.1%
ADI	Buy	ANALOG DEVICES INC	$33,566,000	-0.4%	240,893	+4.4%	0.86%	-6.0%
VVV	Buy	VALVOLINE INC.	$32,411,000	+23.4%	1,279,052	+40.4%	0.83%	+16.5%
BRO	Sell	BROWN & BROWN INC.	$32,280,000	+1.3%	533,737	-2.2%	0.82%	-4.4%
MGRC	Buy	MCGRATH RENTCORP	$32,093,000	+50.2%	382,700	+36.2%	0.82%	+41.6%
HBAN	Sell	HUNTINGTON BANCSHARES INC.	$31,158,000	+7.1%	2,364,038	-2.3%	0.80%	+1.0%
LKQ	Sell	LKQ CORP	$30,322,000	-6.1%	643,095	-2.3%	0.78%	-11.4%
CRL	Sell	CHARLES RIVER LABORATORIES	$30,011,000	-10.1%	152,493	-2.2%	0.77%	-15.2%
APG	Buy	API GROUP CORP	$28,865,000	+7.4%	2,175,215	+21.2%	0.74%	+1.4%
NGVT	Buy	INGEVITY CORP	$27,880,000	+16.4%	459,846	+21.2%	0.71%	+9.9%
CGNX	Buy	COGNEX CORP	$27,557,000	+45.0%	664,828	+48.7%	0.70%	+36.7%
DORM	Buy	DORMAN PRODUCTS INC.	$26,851,000	-9.3%	326,971	+21.2%	0.69%	-14.5%
SSD	Buy	SIMPSON MANUFACTURING	$26,637,000	-5.6%	339,755	+21.2%	0.68%	-10.9%
GBCI	Buy	GLACIER BANCORP INC.	$26,483,000	+25.6%	539,041	+21.2%	0.68%	+18.6%
MTX	Buy	MINERALS TECHNOLOGIES INC	$25,983,000	-1.3%	525,872	+22.5%	0.66%	-6.9%
NNN	Sell	NATIONAL RETAIL PROPERTIES	$25,442,000	-9.4%	638,289	-2.3%	0.65%	-14.6%
MA	Buy	MASTERCARD, INC. CL-A	$25,263,000	-5.9%	88,849	+4.4%	0.65%	-11.1%
V	Buy	VISA INC-CLASS A SHARES	$23,453,000	-5.8%	132,019	+4.4%	0.60%	-11.1%
KEYS	Sell	KEYSIGHT TECHNOLOGIES	$23,356,000	+11.6%	148,425	-2.3%	0.60%	+5.3%
NNI	Buy	NELNET INC. CL A	$22,914,000	+12.6%	289,356	+21.2%	0.59%	+6.4%
IQV	Buy	IQVIA HOLDINGS INC.	$21,160,000	-12.8%	116,816	+4.5%	0.54%	-17.7%
STE	Sell	STERIS PLC	$20,645,000	-21.2%	124,160	-2.3%	0.53%	-25.5%
BCO	Buy	BRINK'S CO, THE	$18,451,000	-3.3%	380,903	+21.2%	0.47%	-8.7%
FAF	Sell	FIRST AMERICAN FINANCIAL	$15,460,000	-14.9%	335,358	-2.3%	0.40%	-19.7%
DLB	New	DOLBY LABORATORIES INC. CL A	$15,445,000	–	237,072	–	0.40%	–
HXL	Sell	HEXCEL CORP	$11,379,000	-3.4%	220,005	-2.3%	0.29%	-8.8%
MKL	Sell	MARKEL CORP.	$11,189,000	-18.1%	10,320	-2.3%	0.29%	-22.7%
MAA	Sell	MID-AMERICA APARTMENT COMMUNIT	$8,954,000	-13.2%	57,741	-2.3%	0.23%	-17.9%
TECH	Sell	BIO TECHNE CORP	$8,867,000	-19.9%	31,222	-2.2%	0.23%	-24.3%
ATO	Exit	ATMOS ENERGY CORP.	$0	–	-63,195	–	-0.19%	–
CCMP	Exit	CMC MATERIALS INC.	$0	–	-149,128	–	-0.70%	–
IIVI	Exit	II-VI INCORPORATED	$0	–	-925,342	–	-1.28%	–

Q2 2022

			Value		Shares		↓ Weighting
HALO	New	HALOZYME THERAPEUTICS INC.	$180,848,000	–	4,110,174	–	4.90%	–
CLH	New	CLEAN HARBORS INC.	$176,532,000	–	2,013,591	–	4.78%	–
UGI	New	UGI CORP.	$152,539,000	–	3,950,761	–	4.13%	–
ENTG	New	ENTEGRIS INC.	$148,158,000	–	1,608,140	–	4.01%	–
BWXT	New	BWX TECHNOLOGIES	$133,130,000	–	2,416,588	–	3.60%	–
KBR	New	KBR, INC.	$121,804,000	–	2,517,141	–	3.30%	–
INGR	New	INGREDION INC.	$110,634,000	–	1,254,924	–	3.00%	–
WCN	New	WASTE CONNECTIONS INC.	$99,916,000	–	806,033	–	2.71%	–
CBT	New	CABOT CORP.	$99,842,000	–	1,565,168	–	2.70%	–
FMC	New	FMC CORP	$88,279,000	–	824,959	–	2.39%	–
ROLL	New	RBC BEARINGS INC.	$86,259,000	–	466,391	–	2.34%	–
CACI	New	CACI INTERNATIONAL	$79,005,000	–	280,379	–	2.14%	–
IEX	New	IDEX CORP.	$77,492,000	–	426,650	–	2.10%	–
KAR	New	KAR AUCTION SERVICES INC.	$75,746,000	–	5,128,362	–	2.05%	–
CTLT	New	CATALENT INC.	$71,127,000	–	662,939	–	1.93%	–
HSIC	New	HENRY SCHEIN, INC.	$69,309,000	–	903,163	–	1.88%	–
HEIA	New	HEICO CORP - CLASS A	$68,315,000	–	648,272	–	1.85%	–
PB	New	PROSPERITY BANCSHARES, INC.	$66,157,000	–	969,052	–	1.79%	–
HELE	New	HELEN OF TROY LTD.	$65,484,000	–	403,203	–	1.77%	–
AME	New	AMETEK INC.	$64,444,000	–	586,442	–	1.74%	–
WWD	New	WOODWARD INC.	$63,940,000	–	691,318	–	1.73%	–
APH	New	AMPHENOL CORP. CL A	$62,468,000	–	970,299	–	1.69%	–
POWI	New	POWER INTEGRATIONS INC.	$61,905,000	–	825,295	–	1.68%	–
UCBI	New	UNITED COMMUNITY BANKS, INC. O	$58,264,000	–	1,929,913	–	1.58%	–
TWNK	New	HOSTESS BRANDS INC.	$56,004,000	–	2,640,470	–	1.52%	–
GGG	New	GRACO INC.	$54,889,000	–	923,896	–	1.49%	–
WAL	New	WESTERN ALLIANCE BANCORP	$53,548,000	–	758,465	–	1.45%	–
BRX	New	BRIXMOR PROPERTY GROUP, INC.	$53,459,000	–	2,645,158	–	1.45%	–
SNPS	New	SYNOPSYS INC.	$50,426,000	–	166,038	–	1.37%	–
MRCY	New	MERCURY SYSTEMS INC.	$47,210,000	–	733,866	–	1.28%	–
IIVI	New	II-VI INCORPORATED	$47,146,000	–	925,342	–	1.28%	–
IAA	New	IAA INC.	$37,513,000	–	1,144,731	–	1.02%	–
RLI	New	RLI CORP.	$36,887,000	–	316,378	–	1.00%	–
AGYS	New	AGILYSYS INC.	$36,390,000	–	769,825	–	0.98%	–
ADI	New	ANALOG DEVICES INC	$33,697,000	–	230,658	–	0.91%	–
CRL	New	CHARLES RIVER LABORATORIES	$33,378,000	–	155,996	–	0.90%	–
	New	R1 RCM INC.	$33,096,000	–	1,579,011	–	0.90%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$32,973,000	–	409,294	–	0.89%	–
LKQ	New	LKQ CORP	$32,299,000	–	657,948	–	0.88%	–
BRO	New	BROWN & BROWN INC.	$31,854,000	–	546,001	–	0.86%	–
FCN	New	FTI CONSULTING	$30,836,000	–	170,508	–	0.84%	–
CPRT	New	COPART INC.	$30,001,000	–	276,102	–	0.81%	–
PPBI	New	PACIFIC PREMIER BANCORP INC	$29,933,000	–	1,023,713	–	0.81%	–
AEIS	New	ADVANCED ENERGY INDUSTRIES, IN	$29,752,000	–	407,672	–	0.81%	–
DORM	New	DORMAN PRODUCTS INC.	$29,601,000	–	269,813	–	0.80%	–
HBAN	New	HUNTINGTON BANCSHARES INC.	$29,100,000	–	2,418,983	–	0.79%	–
SCHW	New	CHARLES SCHWAB CORP	$28,661,000	–	453,643	–	0.78%	–
SSD	New	SIMPSON MANUFACTURING	$28,211,000	–	280,399	–	0.76%	–
NNN	New	NATIONAL RETAIL PROPERTIES	$28,084,000	–	653,112	–	0.76%	–
APG	New	API GROUP CORP	$26,864,000	–	1,794,521	–	0.73%	–
MA	New	MASTERCARD, INC. CL-A	$26,841,000	–	85,081	–	0.73%	–
MTX	New	MINERALS TECHNOLOGIES INC	$26,323,000	–	429,140	–	0.71%	–
VVV	New	VALVOLINE INC.	$26,263,000	–	910,977	–	0.71%	–
STE	New	STERIS PLC	$26,186,000	–	127,022	–	0.71%	–
CCMP	New	CMC MATERIALS INC.	$26,021,000	–	149,128	–	0.70%	–
PDFS	New	PDF SOLUTIONS, INC.	$25,680,000	–	1,193,852	–	0.70%	–
V	New	VISA INC-CLASS A SHARES	$24,898,000	–	126,456	–	0.67%	–
CDMO	New	AVID BIOSERVICES INC.	$24,892,000	–	1,631,171	–	0.67%	–
IQV	New	IQVIA HOLDINGS INC.	$24,261,000	–	111,807	–	0.66%	–
NGVT	New	INGEVITY CORP	$23,961,000	–	379,492	–	0.65%	–
MGRC	New	MCGRATH RENTCORP	$21,363,000	–	281,086	–	0.58%	–
GBCI	New	GLACIER BANCORP INC.	$21,092,000	–	444,785	–	0.57%	–
KEYS	New	KEYSIGHT TECHNOLOGIES	$20,933,000	–	151,855	–	0.57%	–
NNI	New	NELNET INC. CL A	$20,357,000	–	238,793	–	0.55%	–
BCO	New	BRINK'S CO, THE	$19,087,000	–	314,400	–	0.52%	–
CGNX	New	COGNEX CORP	$19,005,000	–	446,964	–	0.52%	–
FAF	New	FIRST AMERICAN FINANCIAL	$18,158,000	–	343,115	–	0.49%	–
MKL	New	MARKEL CORP.	$13,666,000	–	10,567	–	0.37%	–
HXL	New	HEXCEL CORP	$11,775,000	–	225,109	–	0.32%	–
TECH	New	BIO TECHNE CORP	$11,071,000	–	31,937	–	0.30%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$10,320,000	–	59,081	–	0.28%	–
ATO	New	ATMOS ENERGY CORP.	$7,084,000	–	63,195	–	0.19%	–

Q4 2021

			Value		Shares		↓ Weighting
TPL	Exit	TEXAS PACIFIC LD CORP	$0	–	-6,285	–	-0.20%	–
EOG	Exit	EOG RESOURCES INC.	$0	–	-104,858	–	-0.22%	–
ATO	Exit	ATMOS ENERGY CORP.	$0	–	-126,435	–	-0.30%	–
MKL	Exit	MARKEL CORP.	$0	–	-9,583	–	-0.30%	–
HXL	Exit	HEXCEL CORP	$0	–	-223,765	–	-0.35%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-71,435	–	-0.35%	–
Y	Exit	ALLEGHANY CORP	$0	–	-23,506	–	-0.39%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-30,469	–	-0.39%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-137,707	–	-0.46%	–
LGND	Exit	LIGAND PHARMACEUTICALS	$0	–	-126,941	–	-0.47%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-83,930	–	-0.50%	–
KAMN	Exit	KAMAN CORP	$0	–	-542,729	–	-0.51%	–
MA	Exit	MASTERCARD, INC. CL-A	$0	–	-56,431	–	-0.52%	–
VVV	Exit	VALVOLINE INC.	$0	–	-667,244	–	-0.55%	–
FAF	Exit	FIRST AMERICAN FINANCIAL	$0	–	-312,346	–	-0.55%	–
SCHW	Exit	CHARLES SCHWAB CORP	$0	–	-298,485	–	-0.58%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-130,474	–	-0.58%	–
FCN	Exit	FTI CONSULTING	$0	–	-164,246	–	-0.59%	–
COHR	Exit	COHERENT INC.	$0	–	-89,591	–	-0.59%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES	$0	–	-138,191	–	-0.60%	–
NNN	Exit	NATIONAL RETAIL PROPERTIES	$0	–	-533,563	–	-0.61%	–
STE	Exit	STERIS PLC	$0	–	-115,587	–	-0.62%	–
MTX	Exit	MINERALS TECHNOLOGIES INC	$0	–	-346,349	–	-0.64%	–
BRO	Exit	BROWN & BROWN INC.	$0	–	-450,173	–	-0.66%	–
GBCI	Exit	GLACIER BANCORP INC.	$0	–	-461,260	–	-0.68%	–
DORM	Exit	DORMAN PRODUCTS INC.	$0	–	-279,821	–	-0.70%	–
BCO	Exit	BRINK'S CO, THE	$0	–	-442,742	–	-0.74%	–
PDFS	Exit	PDF SOLUTIONS, INC.	$0	–	-1,238,304	–	-0.76%	–
CPRT	Exit	COPART INC.	$0	–	-210,096	–	-0.77%	–
IIVI	Exit	II-VI INCORPORATED	$0	–	-494,562	–	-0.78%	–
MRCY	Exit	MERCURY SYSTEMS INC.	$0	–	-624,845	–	-0.78%	–
LKQ	Exit	LKQ CORP	$0	–	-598,750	–	-0.80%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC.	$0	–	-2,001,999	–	-0.82%	–
CCMP	Exit	CMC MATERIALS INC.	$0	–	-251,801	–	-0.82%	–
SSD	Exit	SIMPSON MANUFACTURING	$0	–	-290,853	–	-0.82%	–
CGNX	Exit	COGNEX CORP	$0	–	-390,609	–	-0.83%	–
RLI	Exit	RLI CORP.	$0	–	-328,129	–	-0.87%	–
APG	Exit	API GROUP CORP	$0	–	-1,650,716	–	-0.89%	–
RCM	Exit	R1 RCM INC.	$0	–	-1,637,744	–	-0.95%	–
AEIS	Exit	ADVANCED ENERGY INDUSTRIES, IN	$0	–	-422,954	–	-0.98%	–
CDMO	Exit	AVID BIOSERVICES INC.	$0	–	-1,780,935	–	-1.02%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-424,446	–	-1.02%	–
NGVT	Exit	INGEVITY CORP	$0	–	-547,853	–	-1.04%	–
AGYS	Exit	AGILYSYS INC.	$0	–	-798,541	–	-1.11%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-843,754	–	-1.12%	–
PPBI	Exit	PACIFIC PREMIER BANCORP INC	$0	–	-1,061,394	–	-1.16%	–
CTLT	Exit	CATALENT INC.	$0	–	-330,371	–	-1.16%	–
SNPS	Exit	SYNOPSYS INC.	$0	–	-151,105	–	-1.20%	–
TWNK	Exit	HOSTESS BRANDS INC.	$0	–	-2,688,069	–	-1.24%	–
AME	Exit	AMETEK INC.	$0	–	-439,719	–	-1.44%	–
BRX	Exit	BRIXMOR PROPERTY GROUP, INC.	$0	–	-2,541,031	–	-1.49%	–
CRL	Exit	CHARLES RIVER LABORATORIES	$0	–	-137,034	–	-1.50%	–
HSIC	Exit	HENRY SCHEIN, INC.	$0	–	-751,179	–	-1.51%	–
APH	Exit	AMPHENOL CORP. CL A	$0	–	-783,350	–	-1.52%	–
FMC	Exit	FMC CORP	$0	–	-642,488	–	-1.56%	–
UCBI	Exit	UNITED COMMUNITY BANKS, INC. O	$0	–	-1,814,684	–	-1.58%	–
IAA	Exit	IAA INC.	$0	–	-1,100,293	–	-1.59%	–
GGG	Exit	GRACO INC.	$0	–	-926,187	–	-1.72%	–
PB	Exit	PROSPERITY BANCSHARES, INC.	$0	–	-968,918	–	-1.82%	–
KBR	Exit	KBR, INC.	$0	–	-1,867,730	–	-1.95%	–
HEIA	Exit	HEICO CORP - CLASS A	$0	–	-628,904	–	-1.97%	–
CACI	Exit	CACI INTERNATIONAL	$0	–	-290,724	–	-2.02%	–
CBT	Exit	CABOT CORP.	$0	–	-1,556,062	–	-2.06%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-758,022	–	-2.18%	–
WCN	Exit	WASTE CONNECTIONS INC.	$0	–	-660,103	–	-2.20%	–
WWD	Exit	WOODWARD INC.	$0	–	-744,426	–	-2.23%	–
POWI	Exit	POWER INTEGRATIONS INC.	$0	–	-856,008	–	-2.24%	–
IEX	Exit	IDEX CORP.	$0	–	-430,300	–	-2.36%	–
ROLL	Exit	RBC BEARINGS INC.	$0	–	-425,290	–	-2.39%	–
HELE	Exit	HELEN OF TROY LTD.	$0	–	-403,878	–	-2.40%	–
INGR	Exit	INGREDION INC.	$0	–	-1,021,327	–	-2.41%	–
BWXT	Exit	BWX TECHNOLOGIES	$0	–	-1,908,103	–	-2.72%	–
KAR	Exit	KAR AUCTION SERVICES INC.	$0	–	-6,285,383	–	-2.73%	–
HALO	Exit	HALOZYME THERAPEUTICS INC.	$0	–	-3,427,476	–	-3.69%	–
UGI	Exit	UGI CORP.	$0	–	-3,606,149	–	-4.07%	–
CLH	Exit	CLEAN HARBORS INC.	$0	–	-1,670,500	–	-4.59%	–
ENTG	Exit	ENTEGRIS INC.	$0	–	-1,640,638	–	-5.47%	–

Q3 2021

			Value		Shares		↓ Weighting
ENTG	Sell	ENTEGRIS INC.	$206,556,000	+1.2%	1,640,638	-1.2%	5.47%	-4.2%
CLH	Buy	CLEAN HARBORS INC.	$173,515,000	+20.6%	1,670,500	+8.2%	4.59%	+14.2%
UGI	Buy	UGI CORP.	$153,694,000	+1.3%	3,606,149	+10.1%	4.07%	-4.1%
HALO	Buy	HALOZYME THERAPEUTICS INC.	$139,430,000	-3.3%	3,427,476	+7.9%	3.69%	-8.5%
KAR	Buy	KAR AUCTION SERVICES INC.	$103,017,000	+1.5%	6,285,383	+8.7%	2.73%	-3.9%
BWXT	Buy	BWX TECHNOLOGIES	$102,770,000	+24.2%	1,908,103	+34.1%	2.72%	+17.6%
INGR	Buy	INGREDION INC.	$90,908,000	+6.9%	1,021,327	+8.7%	2.41%	+1.2%
HELE	Buy	HELEN OF TROY LTD.	$90,743,000	+1.2%	403,878	+2.7%	2.40%	-4.3%
ROLL	Buy	RBC BEARINGS INC.	$90,247,000	+38.5%	425,290	+30.2%	2.39%	+31.1%
IEX	Buy	IDEX CORP.	$89,051,000	-4.2%	430,300	+1.9%	2.36%	-9.3%
POWI	Sell	POWER INTEGRATIONS INC.	$84,736,000	+19.3%	856,008	-1.1%	2.24%	+12.9%
WWD	Sell	WOODWARD INC.	$84,269,000	-13.2%	744,426	-5.8%	2.23%	-17.9%
WCN	Buy	WASTE CONNECTIONS INC.	$83,127,000	+32.4%	660,103	+25.5%	2.20%	+25.3%
WAL	Buy	WESTERN ALLIANCE BANCORP	$82,488,000	+47.0%	758,022	+25.5%	2.18%	+39.2%
CBT	Buy	CABOT CORP.	$77,990,000	-9.8%	1,556,062	+2.5%	2.06%	-14.6%
CACI	Sell	CACI INTERNATIONAL	$76,199,000	+1.7%	290,724	-1.0%	2.02%	-3.8%
HEIA	Buy	HEICO CORP - CLASS A	$74,481,000	-2.2%	628,904	+2.5%	1.97%	-7.5%
KBR	Buy	KBR, INC.	$73,589,000	+15.0%	1,867,730	+11.4%	1.95%	+8.8%
PB	Buy	PROSPERITY BANCSHARES, INC.	$68,919,000	+2.1%	968,918	+3.1%	1.82%	-3.4%
GGG	Buy	GRACO INC.	$64,805,000	-5.2%	926,187	+2.6%	1.72%	-10.3%
IAA	Buy	IAA INC.	$60,043,000	+1.5%	1,100,293	+1.4%	1.59%	-4.0%
UCBI	Sell	UNITED COMMUNITY BANKS, INC. O	$59,558,000	+1.6%	1,814,684	-0.9%	1.58%	-3.8%
FMC	Buy	FMC CORP	$58,826,000	+12.8%	642,488	+33.3%	1.56%	+6.7%
APH	Buy	AMPHENOL CORP. CL A	$57,365,000	+33.3%	783,350	+24.5%	1.52%	+26.2%
HSIC	Buy	HENRY SCHEIN, INC.	$57,210,000	+33.8%	751,179	+30.3%	1.51%	+26.6%
CRL	Buy	CHARLES RIVER LABORATORIES	$56,550,000	+29.1%	137,034	+15.7%	1.50%	+22.2%
BRX	Buy	BRIXMOR PROPERTY GROUP, INC.	$56,182,000	+11.6%	2,541,031	+15.5%	1.49%	+5.5%
AME	Buy	AMETEK INC.	$54,530,000	+14.6%	439,719	+23.3%	1.44%	+8.5%
TWNK	Sell	HOSTESS BRANDS INC.	$46,692,000	+6.1%	2,688,069	-1.1%	1.24%	+0.5%
SNPS	Buy	SYNOPSYS INC.	$45,242,000	+25.7%	151,105	+15.7%	1.20%	+19.0%
PPBI	Buy	PACIFIC PREMIER BANCORP INC	$43,984,000	+13.3%	1,061,394	+15.7%	1.16%	+7.2%
CTLT	Buy	CATALENT INC.	$43,962,000	+42.4%	330,371	+15.7%	1.16%	+34.9%
EBS	Buy	EMERGENT BIOSOLUTIONS INC	$42,247,000	-16.2%	843,754	+5.4%	1.12%	-20.7%
AGYS	Sell	AGILYSYS INC.	$41,812,000	-8.9%	798,541	-1.0%	1.11%	-13.8%
NGVT	Buy	INGEVITY CORP	$39,100,000	-5.1%	547,853	+8.2%	1.04%	-10.2%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$38,659,000	+4.1%	424,446	-1.1%	1.02%	-1.5%
CDMO	Sell	AVID BIOSERVICES INC.	$38,415,000	-16.7%	1,780,935	-0.9%	1.02%	-21.2%
AEIS	Buy	ADVANCED ENERGY INDUSTRIES, IN	$37,114,000	-6.2%	422,954	+20.5%	0.98%	-11.3%
RCM	Sell	R1 RCM INC.	$36,047,000	-2.1%	1,637,744	-1.0%	0.95%	-7.4%
APG	Sell	API GROUP CORP	$33,592,000	-3.5%	1,650,716	-1.0%	0.89%	-8.7%
RLI	Sell	RLI CORP.	$32,901,000	-5.2%	328,129	-1.1%	0.87%	-10.3%
CGNX	Sell	COGNEX CORP	$31,335,000	-5.6%	390,609	-1.1%	0.83%	-10.7%
SSD	Sell	SIMPSON MANUFACTURING	$31,113,000	-4.2%	290,853	-1.1%	0.82%	-9.4%
CCMP	Sell	CMC MATERIALS INC.	$31,029,000	-19.1%	251,801	-1.1%	0.82%	-23.5%
HBAN	Buy	HUNTINGTON BANCSHARES INC.	$30,951,000	+25.5%	2,001,999	+15.8%	0.82%	+18.7%
LKQ	Buy	LKQ CORP	$30,129,000	+18.3%	598,750	+15.7%	0.80%	+12.1%
MRCY	Sell	MERCURY SYSTEMS INC.	$29,630,000	-30.0%	624,845	-2.1%	0.78%	-33.8%
IIVI	New	II-VI INCORPORATED	$29,357,000	–	494,562	–	0.78%	–
CPRT	Buy	COPART INC.	$29,145,000	+31.5%	210,096	+25.0%	0.77%	+24.5%
PDFS	Sell	PDF SOLUTIONS, INC.	$28,531,000	+25.4%	1,238,304	-1.1%	0.76%	+18.5%
BCO	Sell	BRINK'S CO, THE	$28,026,000	-27.8%	442,742	-12.4%	0.74%	-31.7%
DORM	Sell	DORMAN PRODUCTS INC.	$26,491,000	-9.7%	279,821	-1.1%	0.70%	-14.5%
GBCI	Sell	GLACIER BANCORP INC.	$25,531,000	-0.6%	461,260	-1.1%	0.68%	-5.8%
BRO	Buy	BROWN & BROWN INC.	$24,962,000	+20.8%	450,173	+15.7%	0.66%	+14.4%
MTX	Sell	MINERALS TECHNOLOGIES INC	$24,189,000	-12.2%	346,349	-1.1%	0.64%	-16.9%
STE	Buy	STERIS PLC	$23,612,000	+14.6%	115,587	+15.7%	0.62%	+8.5%
NNN	Buy	NATIONAL RETAIL PROPERTIES	$23,045,000	+19.8%	533,563	+30.1%	0.61%	+13.4%
KEYS	Buy	KEYSIGHT TECHNOLOGIES	$22,703,000	+23.1%	138,191	+15.7%	0.60%	+16.5%
COHR	Sell	COHERENT INC.	$22,406,000	-42.4%	89,591	-39.1%	0.59%	-45.5%
FCN	New	FTI CONSULTING	$22,124,000	–	164,246	–	0.59%	–
ADI	Buy	ANALOG DEVICES INC	$21,852,000	+35.9%	130,474	+39.7%	0.58%	+28.4%
SCHW	Buy	CHARLES SCHWAB CORP	$21,742,000	+39.4%	298,485	+39.3%	0.58%	+32.1%
FAF	Buy	FIRST AMERICAN FINANCIAL	$20,943,000	+24.5%	312,346	+15.8%	0.55%	+17.6%
VVV	New	VALVOLINE INC.	$20,805,000	–	667,244	–	0.55%	–
MA	Buy	MASTERCARD, INC. CL-A	$19,620,000	+38.8%	56,431	+45.7%	0.52%	+31.4%
KAMN	Sell	KAMAN CORP	$19,359,000	-30.0%	542,729	-1.1%	0.51%	-33.9%
V	Buy	VISA INC-CLASS A SHARES	$18,695,000	+38.8%	83,930	+45.7%	0.50%	+31.3%
LGND	Sell	LIGAND PHARMACEUTICALS	$17,685,000	+5.2%	126,941	-0.9%	0.47%	-0.4%
MDT	Buy	MEDTRONIC PLC	$17,262,000	+30.4%	137,707	+29.2%	0.46%	+23.5%
TECH	Sell	BIO TECHNE CORP	$14,764,000	+3.4%	30,469	-3.9%	0.39%	-2.0%
Y	Buy	ALLEGHANY CORP	$14,677,000	+8.3%	23,506	+15.7%	0.39%	+2.6%
MAA	Sell	MID-AMERICA APARTMENT COMMUNIT	$13,340,000	+5.5%	71,435	-4.9%	0.35%	-0.3%
HXL	Buy	HEXCEL CORP	$13,289,000	+10.2%	223,765	+15.7%	0.35%	+4.5%
MKL	Buy	MARKEL CORP.	$11,453,000	+16.5%	9,583	+15.7%	0.30%	+10.2%
ATO	Buy	ATMOS ENERGY CORP.	$11,152,000	+6.2%	126,435	+15.8%	0.30%	+0.3%
EOG	Buy	EOG RESOURCES INC.	$8,417,000	+43.8%	104,858	+49.5%	0.22%	+36.0%
TPL	Buy	TEXAS PACIFIC LD CORP	$7,601,000	-12.4%	6,285	+15.9%	0.20%	-17.3%
WAT	Exit	WATERS CORP.	$0	–	-37,369	–	-0.36%	–
DLTR	Exit	DOLLAR TREE INC.	$0	–	-178,269	–	-0.50%	–
CVA	Exit	COVANTA HOLDING CORP	$0	–	-2,461,855	–	-1.21%	–

Q2 2021

			Value		Shares		↓ Weighting
ENTG	New	ENTEGRIS INC.	$204,118,000	–	1,659,904	–	5.71%	–
UGI	New	UGI CORP.	$151,705,000	–	3,275,861	–	4.24%	–
HALO	New	HALOZYME THERAPEUTICS INC.	$144,241,000	–	3,176,404	–	4.04%	–
CLH	New	CLEAN HARBORS INC.	$143,825,000	–	1,544,180	–	4.02%	–
KAR	New	KAR AUCTION SERVICES INC.	$101,464,000	–	5,781,436	–	2.84%	–
WWD	New	WOODWARD INC.	$97,119,000	–	790,356	–	2.72%	–
IEX	New	IDEX CORP.	$92,937,000	–	422,344	–	2.60%	–
HELE	New	HELEN OF TROY LTD.	$89,692,000	–	393,181	–	2.51%	–
CBT	New	CABOT CORP.	$86,426,000	–	1,518,105	–	2.42%	–
INGR	New	INGREDION INC.	$85,051,000	–	939,788	–	2.38%	–
BWXT	New	BWX TECHNOLOGIES	$82,715,000	–	1,423,170	–	2.31%	–
HEIA	New	HEICO CORP - CLASS A	$76,178,000	–	613,450	–	2.13%	–
CACI	New	CACI INTERNATIONAL	$74,935,000	–	293,723	–	2.10%	–
POWI	New	POWER INTEGRATIONS INC.	$71,023,000	–	865,504	–	1.99%	–
GGG	New	GRACO INC.	$68,336,000	–	902,721	–	1.91%	–
PB	New	PROSPERITY BANCSHARES, INC.	$67,506,000	–	940,195	–	1.89%	–
ROLL	New	RBC BEARINGS INC.	$65,143,000	–	326,661	–	1.82%	–
KBR	New	KBR, INC.	$63,977,000	–	1,676,973	–	1.79%	–
WCN	New	WASTE CONNECTIONS INC.	$62,807,000	–	525,890	–	1.76%	–
IAA	New	IAA INC.	$59,152,000	–	1,084,570	–	1.66%	–
UCBI	New	UNITED COMMUNITY BANKS, INC. O	$58,631,000	–	1,831,633	–	1.64%	–
WAL	New	WESTERN ALLIANCE BANCORP	$56,101,000	–	604,210	–	1.57%	–
FMC	New	FMC CORP	$52,151,000	–	481,987	–	1.46%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$50,419,000	–	800,423	–	1.41%	–
BRX	New	BRIXMOR PROPERTY GROUP, INC.	$50,357,000	–	2,199,943	–	1.41%	–
AME	New	AMETEK INC.	$47,593,000	–	356,499	–	1.33%	–
CDMO	New	AVID BIOSERVICES INC.	$46,106,000	–	1,797,519	–	1.29%	–
AGYS	New	AGILYSYS INC.	$45,894,000	–	807,002	–	1.28%	–
TWNK	New	HOSTESS BRANDS INC.	$43,989,000	–	2,717,059	–	1.23%	–
CRL	New	CHARLES RIVER LABORATORIES	$43,800,000	–	118,403	–	1.22%	–
CVA	New	COVANTA HOLDING CORP	$43,353,000	–	2,461,855	–	1.21%	–
APH	New	AMPHENOL CORP. CL A	$43,042,000	–	629,176	–	1.20%	–
HSIC	New	HENRY SCHEIN, INC.	$42,757,000	–	576,324	–	1.20%	–
MRCY	New	MERCURY SYSTEMS INC.	$42,314,000	–	638,411	–	1.18%	–
NGVT	New	INGEVITY CORP	$41,199,000	–	506,373	–	1.15%	–
AEIS	New	ADVANCED ENERGY INDUSTRIES, IN	$39,558,000	–	350,974	–	1.11%	–
COHR	New	COHERENT INC.	$38,886,000	–	147,105	–	1.09%	–
BCO	New	BRINK'S CO, THE	$38,843,000	–	505,509	–	1.09%	–
PPBI	New	PACIFIC PREMIER BANCORP INC	$38,808,000	–	917,674	–	1.09%	–
CCMP	New	CMC MATERIALS INC.	$38,362,000	–	254,492	–	1.07%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$37,142,000	–	429,093	–	1.04%	–
RCM	New	R1 RCM INC.	$36,805,000	–	1,654,896	–	1.03%	–
SNPS	New	SYNOPSYS INC.	$36,005,000	–	130,553	–	1.01%	–
APG	New	API GROUP CORP	$34,821,000	–	1,666,897	–	0.97%	–
RLI	New	RLI CORP.	$34,697,000	–	331,740	–	0.97%	–
CGNX	New	COGNEX CORP	$33,197,000	–	394,963	–	0.93%	–
SSD	New	SIMPSON MANUFACTURING	$32,485,000	–	294,139	–	0.91%	–
CTLT	New	CATALENT INC.	$30,863,000	–	285,449	–	0.86%	–
DORM	New	DORMAN PRODUCTS INC.	$29,322,000	–	282,841	–	0.82%	–
KAMN	New	KAMAN CORP	$27,656,000	–	548,728	–	0.77%	–
MTX	New	MINERALS TECHNOLOGIES INC	$27,544,000	–	350,127	–	0.77%	–
GBCI	New	GLACIER BANCORP INC.	$25,683,000	–	466,279	–	0.72%	–
LKQ	New	LKQ CORP	$25,462,000	–	517,314	–	0.71%	–
HBAN	New	HUNTINGTON BANCSHARES INC.	$24,670,000	–	1,728,824	–	0.69%	–
PDFS	New	PDF SOLUTIONS, INC.	$22,761,000	–	1,251,976	–	0.64%	–
CPRT	New	COPART INC.	$22,164,000	–	168,127	–	0.62%	–
BRO	New	BROWN & BROWN INC.	$20,668,000	–	388,941	–	0.58%	–
STE	New	STERIS PLC	$20,602,000	–	99,865	–	0.58%	–
NNN	New	NATIONAL RETAIL PROPERTIES	$19,231,000	–	410,225	–	0.54%	–
KEYS	New	KEYSIGHT TECHNOLOGIES	$18,436,000	–	119,394	–	0.52%	–
DLTR	New	DOLLAR TREE INC.	$17,738,000	–	178,269	–	0.50%	–
FAF	New	FIRST AMERICAN FINANCIAL	$16,824,000	–	269,830	–	0.47%	–
LGND	New	LIGAND PHARMACEUTICALS	$16,811,000	–	128,140	–	0.47%	–
ADI	New	ANALOG DEVICES INC	$16,075,000	–	93,371	–	0.45%	–
SCHW	New	CHARLES SCHWAB CORP	$15,599,000	–	214,247	–	0.44%	–
TECH	New	BIO TECHNE CORP	$14,281,000	–	31,718	–	0.40%	–
MA	New	MASTERCARD, INC. CL-A	$14,136,000	–	38,720	–	0.40%	–
Y	New	ALLEGHANY CORP	$13,547,000	–	20,308	–	0.38%	–
V	New	VISA INC-CLASS A SHARES	$13,471,000	–	57,613	–	0.38%	–
MDT	New	MEDTRONIC PLC	$13,235,000	–	106,621	–	0.37%	–
WAT	New	WATERS CORP.	$12,915,000	–	37,369	–	0.36%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$12,650,000	–	75,108	–	0.35%	–
HXL	New	HEXCEL CORP	$12,064,000	–	193,334	–	0.34%	–
ATO	New	ATMOS ENERGY CORP.	$10,498,000	–	109,225	–	0.29%	–
MKL	New	MARKEL CORP.	$9,832,000	–	8,285	–	0.28%	–
TPL	New	TEXAS PACIFIC LD CORP	$8,677,000	–	5,424	–	0.24%	–
EOG	New	EOG RESOURCES INC.	$5,853,000	–	70,145	–	0.16%	–

Q4 2020

			Value		Shares		↓ Weighting
EOG	Exit	EOG RESOURCES INC.	$0	–	-36,068	–	-0.06%	–
THR	Exit	THERMON GROUP HOLDINGS INC	$0	–	-356,939	–	-0.17%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC.	$0	–	-9,456	–	-0.19%	–
WAT	Exit	WATERS CORP.	$0	–	-24,253	–	-0.20%	–
SCHW	Exit	SCHWAB CORP	$0	–	-134,804	–	-0.21%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-67,583	–	-0.30%	–
NNN	Exit	NATIONAL RETAIL PROPERTIES	$0	–	-209,416	–	-0.31%	–
HXL	Exit	HEXCEL CORP	$0	–	-218,470	–	-0.31%	–
MKL	Exit	MARKEL CORP.	$0	–	-7,550	–	-0.32%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-37,397	–	-0.32%	–
Y	Exit	ALLEGHANY CORP	$0	–	-14,659	–	-0.33%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-67,248	–	-0.34%	–
MA	Exit	MASTERCARD, INC. CL-A	$0	–	-25,135	–	-0.36%	–
CVA	Exit	COVANTA HOLDING CORP	$0	–	-1,149,765	–	-0.38%	–
ATO	Exit	ATMOS ENERGY CORP.	$0	–	-122,586	–	-0.50%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-102,719	–	-0.51%	–
COHR	Exit	COHERENT INC.	$0	–	-114,147	–	-0.54%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-52,471	–	-0.56%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-420,311	–	-0.57%	–
FAF	Exit	FIRST AMERICAN FINANCIAL	$0	–	-263,148	–	-0.57%	–
NGVT	Exit	INGEVITY CORP	$0	–	-274,732	–	-0.58%	–
BRX	Exit	BRIXMOR PROPERTY GROUP, INC.	$0	–	-1,181,130	–	-0.59%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES	$0	–	-150,596	–	-0.64%	–
BCO	Exit	BRINK'S CO, THE	$0	–	-366,077	–	-0.64%	–
MTX	Exit	MINERALS TECHNOLOGIES INC	$0	–	-301,005	–	-0.66%	–
LKQ	Exit	LKQ CORP	$0	–	-584,584	–	-0.70%	–
LGND	Exit	LIGAND PHARMACEUTICALS	$0	–	-172,906	–	-0.71%	–
CDMO	Exit	AVID BIOSERVICES INC.	$0	–	-2,302,621	–	-0.75%	–
KAMN	Exit	KAMAN CORP	$0	–	-472,053	–	-0.79%	–
DLTR	Exit	DOLLAR TREE INC.	$0	–	-201,461	–	-0.79%	–
MRCY	Exit	MERCURY SYSTEMS INC.	$0	–	-245,687	–	-0.82%	–
AGYS	Exit	AGILYSYS INC.	$0	–	-806,183	–	-0.84%	–
UCBI	Exit	UNITED COMMUNITY BANKS, INC. O	$0	–	-1,150,532	–	-0.84%	–
STE	Exit	STERIS PLC	$0	–	-112,848	–	-0.85%	–
PDFS	Exit	PDF SOLUTIONS, INC.	$0	–	-1,077,387	–	-0.86%	–
TWNK	Exit	HOSTESS BRANDS INC.	$0	–	-1,725,994	–	-0.91%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-369,265	–	-0.91%	–
KBR	Exit	KBR, INC.	$0	–	-971,178	–	-0.93%	–
DORM	Exit	DORMAN PRODUCTS INC.	$0	–	-243,359	–	-0.94%	–
CGNX	Exit	COGNEX CORP	$0	–	-339,670	–	-0.95%	–
HSIC	Exit	HENRY SCHEIN, INC.	$0	–	-377,652	–	-0.95%	–
RLI	Exit	RLI CORP.	$0	–	-285,432	–	-1.02%	–
SSD	Exit	SIMPSON MANUFACTURING	$0	–	-253,025	–	-1.05%	–
RCM	Exit	R1 RCM INC.	$0	–	-1,498,539	–	-1.10%	–
CTLT	Exit	CATALENT INC.	$0	–	-322,582	–	-1.18%	–
CRL	Exit	CHARLES RIVER LABORATORIES	$0	–	-133,814	–	-1.30%	–
CCMP	Exit	CABOT MICROELECTRONICS	$0	–	-219,082	–	-1.34%	–
PB	Exit	PROSPERITY BANCSHARES, INC.	$0	–	-605,586	–	-1.34%	–
AME	Exit	AMETEK INC.	$0	–	-334,937	–	-1.43%	–
APH	Exit	AMPHENOL CORP. CL A	$0	–	-311,267	–	-1.44%	–
ROLL	Exit	RBC BEARINGS INC.	$0	–	-281,038	–	-1.46%	–
CBT	Exit	CABOT CORP.	$0	–	-1,037,018	–	-1.60%	–
POWI	Exit	POWER INTEGRATIONS INC.	$0	–	-746,364	–	-1.77%	–
TCF	Exit	TCF FINANCIAL CORP	$0	–	-1,772,655	–	-1.78%	–
SNPS	Exit	SYNOPSYS INC.	$0	–	-194,856	–	-1.79%	–
FMC	Exit	FMC CORP	$0	–	-422,342	–	-1.92%	–
HEIA	Exit	HEICO CORP - CLASS A	$0	–	-563,593	–	-2.14%	–
CACI	Exit	CACI INTERNATIONAL	$0	–	-236,568	–	-2.16%	–
TDY	Exit	TELEDYNE INC.	$0	–	-165,319	–	-2.20%	–
WCN	Exit	WASTE CONNECTIONS INC.	$0	–	-511,751	–	-2.28%	–
INGR	Exit	INGREDION INC.	$0	–	-747,007	–	-2.42%	–
IAA	Exit	IAA INC.	$0	–	-1,104,802	–	-2.46%	–
GGG	Exit	GRACO INC.	$0	–	-937,690	–	-2.46%	–
BWXT	Exit	BWX TECHNOLOGIES	$0	–	-1,113,682	–	-2.69%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-664,662	–	-2.94%	–
WWD	Exit	WOODWARD INC.	$0	–	-867,531	–	-2.98%	–
IEX	Exit	IDEX CORP.	$0	–	-383,595	–	-3.00%	–
KAR	Exit	KAR AUCTION SERVICES INC.	$0	–	-4,998,096	–	-3.08%	–
CLH	Exit	CLEAN HARBORS INC.	$0	–	-1,290,765	–	-3.10%	–
HELE	Exit	HELEN OF TROY LTD.	$0	–	-398,395	–	-3.30%	–
CPRT	Exit	COPART INC.	$0	–	-844,327	–	-3.80%	–
HALO	Exit	HALOZYME THERAPEUTICS INC.	$0	–	-3,379,927	–	-3.81%	–
UGI	Exit	UGI CORP.	$0	–	-2,904,363	–	-4.10%	–
ENTG	Exit	ENTEGRIS INC.	$0	–	-1,828,747	–	-5.83%	–

Q3 2020

			Value		Shares		↓ Weighting
ENTG	Sell	ENTEGRIS INC.	$135,949,000	+10.1%	1,828,747	-12.6%	5.83%	+4.2%
UGI	Buy	UGI CORP.	$95,786,000	+9.4%	2,904,363	+5.4%	4.10%	+3.5%
HALO	Sell	HALOZYME THERAPEUTICS INC.	$88,824,000	-2.6%	3,379,927	-0.6%	3.81%	-7.8%
CPRT	Sell	COPART INC.	$88,789,000	+25.9%	844,327	-0.3%	3.80%	+19.1%
HELE	Sell	HELEN OF TROY LTD.	$77,097,000	+2.0%	398,395	-0.6%	3.30%	-3.4%
CLH	Buy	CLEAN HARBORS INC.	$72,322,000	-1.9%	1,290,765	+5.0%	3.10%	-7.2%
KAR	Buy	KAR AUCTION SERVICES INC.	$71,973,000	+5.1%	4,998,096	+0.5%	3.08%	-0.5%
IEX	Sell	IDEX CORP.	$69,972,000	+14.9%	383,595	-0.4%	3.00%	+8.8%
WWD	Buy	WOODWARD INC.	$69,541,000	+8.2%	867,531	+4.6%	2.98%	+2.3%
EBS	Sell	EMERGENT BIOSOLUTIONS INC	$68,680,000	-2.5%	664,662	-25.4%	2.94%	-7.7%
BWXT	Sell	BWX TECHNOLOGIES	$62,711,000	-0.7%	1,113,682	-0.1%	2.69%	-6.0%
GGG	Sell	GRACO INC.	$57,527,000	+27.1%	937,690	-0.6%	2.46%	+20.2%
IAA	Sell	IAA INC.	$57,527,000	-5.6%	1,104,802	-30.1%	2.46%	-10.7%
INGR	Sell	INGREDION INC.	$56,533,000	-8.9%	747,007	-0.1%	2.42%	-13.8%
WCN	Sell	WASTE CONNECTIONS INC.	$53,120,000	+10.4%	511,751	-0.2%	2.28%	+4.5%
TDY	Sell	TELEDYNE INC.	$51,284,000	-0.4%	165,319	-0.1%	2.20%	-5.7%
CACI	Buy	CACI INTERNATIONAL	$50,427,000	+16.8%	236,568	+18.9%	2.16%	+10.5%
HEIA	Buy	HEICO CORP - CLASS A	$49,968,000	+14.6%	563,593	+5.0%	2.14%	+8.4%
FMC	Sell	FMC CORP	$44,730,000	+6.0%	422,342	-0.3%	1.92%	+0.3%
SNPS	Sell	SYNOPSYS INC.	$41,695,000	+7.9%	194,856	-1.6%	1.79%	+2.1%
TCF	Buy	TCF FINANCIAL CORP	$41,409,000	-17.0%	1,772,655	+4.5%	1.78%	-21.5%
POWI	Buy	POWER INTEGRATIONS INC.	$41,349,000	-6.6%	746,364	+99.1%	1.77%	-11.6%
CBT	Sell	CABOT CORP.	$37,364,000	-3.3%	1,037,018	-0.5%	1.60%	-8.5%
ROLL	Sell	RBC BEARINGS INC.	$34,065,000	-9.7%	281,038	-0.1%	1.46%	-14.5%
APH	Sell	AMPHENOL CORP. CL A	$33,701,000	+12.6%	311,267	-0.4%	1.44%	+6.5%
AME	Sell	AMETEK INC.	$33,293,000	+10.5%	334,937	-0.7%	1.43%	+4.5%
PB	Buy	PROSPERITY BANCSHARES, INC.	$31,388,000	-6.8%	605,586	+6.8%	1.34%	-11.8%
CCMP	Sell	CABOT MICROELECTRONICS	$31,287,000	+2.2%	219,082	-0.2%	1.34%	-3.3%
CRL	Sell	CHARLES RIVER LABORATORIES	$30,302,000	+27.7%	133,814	-1.6%	1.30%	+20.9%
CTLT	Sell	CATALENT INC.	$27,632,000	+14.9%	322,582	-1.6%	1.18%	+8.7%
RCM	New	R1 RCM INC.	$25,700,000	–	1,498,539	–	1.10%	–
SSD	Sell	SIMPSON MANUFACTURING	$24,584,000	+15.1%	253,025	-0.1%	1.05%	+8.9%
RLI	Sell	RLI CORP.	$23,899,000	+1.9%	285,432	-0.1%	1.02%	-3.6%
HSIC	Sell	HENRY SCHEIN, INC.	$22,198,000	+0.5%	377,652	-0.2%	0.95%	-5.0%
CGNX	Sell	COGNEX CORP	$22,113,000	-24.8%	339,670	-31.1%	0.95%	-28.8%
DORM	Sell	DORMAN PRODUCTS INC.	$21,995,000	+34.6%	243,359	-0.1%	0.94%	+27.4%
KBR	New	KBR, INC.	$21,716,000	–	971,178	–	0.93%	–
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$21,321,000	+10.5%	369,265	-0.2%	0.91%	+4.6%
TWNK	Buy	HOSTESS BRANDS INC.	$21,282,000	+1.0%	1,725,994	+0.1%	0.91%	-4.4%
PDFS	Sell	PDF SOLUTIONS, INC.	$20,158,000	-4.4%	1,077,387	-0.1%	0.86%	-9.5%
STE	Sell	STERIS PLC	$19,883,000	+12.9%	112,848	-1.6%	0.85%	+6.9%
AGYS	Sell	AGILYSYS INC.	$19,477,000	+34.3%	806,183	-0.3%	0.84%	+27.1%
UCBI	Buy	UNITED COMMUNITY BANKS, INC. O	$19,479,000	-9.6%	1,150,532	+7.5%	0.84%	-14.4%
MRCY	Buy	MERCURY SYSTEMS INC.	$19,031,000	+6.0%	245,687	+7.6%	0.82%	+0.4%
DLTR	Sell	DOLLAR TREE INC.	$18,401,000	-3.1%	201,461	-1.6%	0.79%	-8.3%
KAMN	Buy	KAMAN CORP	$18,396,000	+0.8%	472,053	+7.6%	0.79%	-4.6%
CDMO	Sell	AVID BIOSERVICES INC.	$17,546,000	+16.0%	2,302,621	-0.1%	0.75%	+9.8%
LGND	Sell	LIGAND PHARMACEUTICALS	$16,481,000	-14.9%	172,906	-0.1%	0.71%	-19.5%
LKQ	Sell	LKQ CORP	$16,211,000	+4.1%	584,584	-1.6%	0.70%	-1.4%
MTX	Buy	MINERALS TECHNOLOGIES INC	$15,381,000	+21.1%	301,005	+11.2%	0.66%	+14.6%
BCO	Buy	BRINK'S CO, THE	$15,042,000	-9.2%	366,077	+0.5%	0.64%	-14.1%
KEYS	Sell	KEYSIGHT TECHNOLOGIES	$14,876,000	-3.6%	150,596	-1.6%	0.64%	-8.7%
BRX	Sell	BRIXMOR PROPERTY GROUP, INC.	$13,807,000	-9.0%	1,181,130	-0.2%	0.59%	-13.8%
NGVT	Buy	INGEVITY CORP	$13,583,000	-5.7%	274,732	+0.3%	0.58%	-10.7%
FAF	New	FIRST AMERICAN FINANCIAL	$13,397,000	–	263,148	–	0.57%	–
WAL	Buy	WESTERN ALLIANCE BANCORP	$13,290,000	-10.3%	420,311	+7.4%	0.57%	-15.1%
TECH	Buy	BIO TECHNE CORP	$12,999,000	+7.2%	52,471	+14.2%	0.56%	+1.5%
COHR	Sell	COHERENT INC.	$12,662,000	-15.5%	114,147	-0.2%	0.54%	-19.9%
MAA	Sell	MID-AMERICA APARTMENT COMMUNIT	$11,910,000	-0.6%	102,719	-1.6%	0.51%	-5.9%
ATO	Buy	ATMOS ENERGY CORP.	$11,718,000	+23.4%	122,586	+28.6%	0.50%	+16.7%
CVA	Sell	COVANTA HOLDING CORP	$8,911,000	-19.4%	1,149,765	-0.3%	0.38%	-23.8%
MA	Buy	MASTERCARD, INC. CL-A	$8,500,000	+20.3%	25,135	+5.2%	0.36%	+13.8%
ADI	Buy	ANALOG DEVICES INC	$7,851,000	+0.2%	67,248	+5.2%	0.34%	-5.4%
Y	Sell	ALLEGHANY CORP	$7,629,000	+4.7%	14,659	-1.6%	0.33%	-0.9%
V	Buy	VISA INC-CLASS A SHARES	$7,478,000	+8.9%	37,397	+5.2%	0.32%	+2.9%
MKL	Sell	MARKEL CORP.	$7,351,000	+3.7%	7,550	-1.7%	0.32%	-1.9%
HXL	Sell	HEXCEL CORP	$7,330,000	-27.0%	218,470	-1.6%	0.31%	-31.0%
NNN	Sell	NATIONAL RETAIL PROPERTIES	$7,227,000	-4.3%	209,416	-1.6%	0.31%	-9.4%
MDT	Buy	MEDTRONIC PLC	$7,023,000	+19.3%	67,583	+5.2%	0.30%	+12.7%
SCHW	Buy	SCHWAB CORP	$4,884,000	+15.2%	134,804	+7.3%	0.21%	+8.9%
WAT	Buy	WATERS CORP.	$4,746,000	+14.1%	24,253	+5.2%	0.20%	+8.0%
ORLY	Sell	O'REILLY AUTOMOTIVE INC.	$4,360,000	+8.5%	9,456	-0.8%	0.19%	+2.7%
THR	Sell	THERMON GROUP HOLDINGS INC	$4,008,000	-41.5%	356,939	-24.2%	0.17%	-44.7%
EOG	Buy	EOG RESOURCES INC.	$1,296,000	-25.6%	36,068	+4.8%	0.06%	-29.1%
PDCE	Exit	PDC ENERGY INC	$0	–	-519,826	–	-0.29%	–
CBOE	Exit	CBOE GLOBAL MARKETS INC	$0	–	-126,135	–	-0.53%	–

Q2 2020

			Value		Shares		↓ Weighting
ENTG	New	ENTEGRIS INC.	$123,494,000	–	2,091,354	–	5.59%	–
HALO	New	HALOZYME THERAPEUTICS INC.	$91,193,000	–	3,401,470	–	4.13%	–
UGI	New	UGI CORP.	$87,588,000	–	2,754,339	–	3.97%	–
HELE	New	HELEN OF TROY LTD.	$75,569,000	–	400,767	–	3.42%	–
CLH	New	CLEAN HARBORS INC.	$73,743,000	–	1,229,463	–	3.34%	–
CPRT	New	COPART INC.	$70,531,000	–	847,012	–	3.19%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$70,436,000	–	890,696	–	3.19%	–
KAR	New	KAR AUCTION SERVICES INC.	$68,464,000	–	4,975,574	–	3.10%	–
WWD	New	WOODWARD INC.	$64,295,000	–	829,072	–	2.91%	–
BWXT	New	BWX TECHNOLOGIES	$63,167,000	–	1,115,230	–	2.86%	–
INGR	New	INGREDION INC.	$62,090,000	–	748,072	–	2.81%	–
IAA	New	IAA INC.	$60,925,000	–	1,579,583	–	2.76%	–
IEX	New	IDEX CORP.	$60,883,000	–	385,241	–	2.76%	–
TDY	New	TELEDYNE INC.	$51,475,000	–	165,542	–	2.33%	–
TCF	New	TCF FINANCIAL CORP	$49,914,000	–	1,696,598	–	2.26%	–
WCN	New	WASTE CONNECTIONS INC.	$48,103,000	–	512,883	–	2.18%	–
GGG	New	GRACO INC.	$45,259,000	–	943,090	–	2.05%	–
POWI	New	POWER INTEGRATIONS INC.	$44,279,000	–	374,833	–	2.00%	–
HEIA	New	HEICO CORP - CLASS A	$43,612,000	–	536,825	–	1.98%	–
CACI	New	CACI INTERNATIONAL	$43,164,000	–	199,023	–	1.96%	–
FMC	New	FMC CORP	$42,197,000	–	423,581	–	1.91%	–
SNPS	New	SYNOPSYS INC.	$38,633,000	–	198,116	–	1.75%	–
CBT	New	CABOT CORP.	$38,620,000	–	1,042,377	–	1.75%	–
ROLL	New	RBC BEARINGS INC.	$37,715,000	–	281,370	–	1.71%	–
PB	New	PROSPERITY BANCSHARES, INC.	$33,668,000	–	566,988	–	1.52%	–
CCMP	New	CABOT MICROELECTRONICS	$30,626,000	–	219,480	–	1.39%	–
AME	New	AMETEK INC.	$30,134,000	–	337,180	–	1.36%	–
APH	New	AMPHENOL CORP. CL A	$29,941,000	–	312,504	–	1.36%	–
CGNX	New	COGNEX CORP	$29,420,000	–	492,638	–	1.33%	–
CTLT	New	CATALENT INC.	$24,041,000	–	327,975	–	1.09%	–
CRL	New	CHARLES RIVER LABORATORIES	$23,721,000	–	136,052	–	1.07%	–
RLI	New	RLI CORP.	$23,450,000	–	285,622	–	1.06%	–
HSIC	New	HENRY SCHEIN, INC.	$22,095,000	–	378,404	–	1.00%	–
UCBI	New	UNITED COMMUNITY BANKS, INC. O	$21,538,000	–	1,070,485	–	0.98%	–
SSD	New	SIMPSON MANUFACTURING	$21,367,000	–	253,282	–	0.97%	–
PDFS	New	PDF SOLUTIONS, INC.	$21,094,000	–	1,078,444	–	0.96%	–
TWNK	New	HOSTESS BRANDS INC.	$21,071,000	–	1,724,314	–	0.95%	–
LGND	New	LIGAND PHARMACEUTICALS	$19,365,000	–	173,132	–	0.88%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$19,294,000	–	369,907	–	0.87%	–
DLTR	New	DOLLAR TREE INC.	$18,984,000	–	204,830	–	0.86%	–
KAMN	New	KAMAN CORP	$18,249,000	–	438,683	–	0.83%	–
MRCY	New	MERCURY SYSTEMS INC.	$17,958,000	–	228,298	–	0.81%	–
STE	New	STERIS PLC	$17,605,000	–	114,736	–	0.80%	–
BCO	New	BRINK'S CO, THE	$16,574,000	–	364,181	–	0.75%	–
DORM	New	DORMAN PRODUCTS INC.	$16,340,000	–	243,619	–	0.74%	–
LKQ	New	LKQ CORP	$15,572,000	–	594,357	–	0.70%	–
KEYS	New	KEYSIGHT TECHNOLOGIES	$15,431,000	–	153,113	–	0.70%	–
BRX	New	BRIXMOR PROPERTY GROUP, INC.	$15,171,000	–	1,183,366	–	0.69%	–
CDMO	New	AVID BIOSERVICES INC.	$15,132,000	–	2,304,879	–	0.68%	–
COHR	New	COHERENT INC.	$14,982,000	–	114,381	–	0.68%	–
WAL	New	WESTERN ALLIANCE BANCORP	$14,816,000	–	391,224	–	0.67%	–
AGYS	New	AGILYSYS INC.	$14,500,000	–	808,253	–	0.66%	–
NGVT	New	INGEVITY CORP	$14,404,000	–	274,000	–	0.65%	–
MTX	New	MINERALS TECHNOLOGIES INC	$12,700,000	–	270,614	–	0.58%	–
TECH	New	BIO TECHNE CORP	$12,131,000	–	45,937	–	0.55%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$11,976,000	–	104,437	–	0.54%	–
CBOE	New	CBOE GLOBAL MARKETS INC	$11,766,000	–	126,135	–	0.53%	–
CVA	New	COVANTA HOLDING CORP	$11,060,000	–	1,153,241	–	0.50%	–
HXL	New	HEXCEL CORP	$10,044,000	–	222,123	–	0.46%	–
ATO	New	ATMOS ENERGY CORP.	$9,494,000	–	95,339	–	0.43%	–
ADI	New	ANALOG DEVICES INC	$7,837,000	–	63,905	–	0.36%	–
NNN	New	NATIONAL RETAIL PROPERTIES	$7,553,000	–	212,883	–	0.34%	–
Y	New	ALLEGHANY CORP	$7,289,000	–	14,902	–	0.33%	–
MKL	New	MARKEL CORP.	$7,088,000	–	7,678	–	0.32%	–
MA	New	MASTERCARD, INC. CL-A	$7,065,000	–	23,892	–	0.32%	–
V	New	VISA INC-CLASS A SHARES	$6,869,000	–	35,558	–	0.31%	–
THR	New	THERMON GROUP HOLDINGS INC	$6,857,000	–	470,629	–	0.31%	–
PDCE	New	PDC ENERGY INC	$6,467,000	–	519,826	–	0.29%	–
MDT	New	MEDTRONIC PLC	$5,889,000	–	64,223	–	0.27%	–
SCHW	New	SCHWAB CORP	$4,238,000	–	125,614	–	0.19%	–
WAT	New	WATERS CORP.	$4,159,000	–	23,056	–	0.19%	–
ORLY	New	O'REILLY AUTOMOTIVE INC.	$4,018,000	–	9,529	–	0.18%	–
EOG	New	EOG RESOURCES INC.	$1,743,000	–	34,408	–	0.08%	–

Q4 2019

			Value		Shares		↓ Weighting
EOG	Exit	EOG RESOURCES INC.	$0	–	-17,566	–	-0.06%	–
WAT	Exit	WATERS CORP.	$0	–	-12,603	–	-0.12%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-19,873	–	-0.15%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-35,108	–	-0.17%	–
MA	Exit	MASTERCARD, INC. CL-A	$0	–	-14,134	–	-0.17%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-34,945	–	-0.17%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-26,692	–	-0.23%	–
NPK	Exit	NATIONAL PRESTO IND INC.	$0	–	-66,136	–	-0.26%	–
MKL	Exit	MARKEL CORP.	$0	–	-5,357	–	-0.28%	–
LTHM	Exit	LIVENT CORP	$0	–	-1,296,074	–	-0.38%	–
AMTD	Exit	TD AMERITRADE HOLDING CORP.	$0	–	-205,627	–	-0.42%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-80,075	–	-0.46%	–
SERV	Exit	SERVICEMASTER GLOBAL HOLDINGS	$0	–	-197,737	–	-0.48%	–
CBOE	Exit	CBOE GLOBAL MARKETS INC	$0	–	-96,697	–	-0.49%	–
CRL	Exit	CHARLES RIVER LABORATORIES	$0	–	-84,132	–	-0.49%	–
CTLT	Exit	CATALENT INC.	$0	–	-238,696	–	-0.50%	–
STE	Exit	STERIS PLC	$0	–	-82,069	–	-0.52%	–
CDMO	Exit	AVID BIOSERVICES INC.	$0	–	-2,252,053	–	-0.52%	–
SRCI	Exit	SRC ENERGY INC.	$0	–	-2,596,271	–	-0.53%	–
THR	Exit	THERMON GROUP HOLDINGS INC	$0	–	-537,534	–	-0.54%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES	$0	–	-132,632	–	-0.57%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-280,822	–	-0.57%	–
HXL	Exit	HEXCEL CORP	$0	–	-170,065	–	-0.61%	–
LKQ	Exit	LKQ CORP	$0	–	-455,430	–	-0.63%	–
HSIC	Exit	HENRY SCHEIN, INC.	$0	–	-230,095	–	-0.64%	–
PDFS	Exit	PDF SOLUTIONS, INC.	$0	–	-1,235,250	–	-0.71%	–
MTX	Exit	MINERALS TECHNOLOGIES INC	$0	–	-309,837	–	-0.72%	–
NGVT	Exit	INGEVITY CORP	$0	–	-215,863	–	-0.80%	–
MRCY	Exit	MERCURY SYSTEMS INC.	$0	–	-237,065	–	-0.84%	–
SNPS	Exit	SYNOPSYS INC.	$0	–	-141,787	–	-0.85%	–
COHR	Exit	COHERENT INC.	$0	–	-130,130	–	-0.88%	–
CLB	Exit	CORE LABORATORIES N.V.	$0	–	-442,315	–	-0.90%	–
DLTR	Exit	DOLLAR TREE INC.	$0	–	-187,085	–	-0.94%	–
APH	Exit	AMPHENOL CORP. CL A	$0	–	-226,996	–	-0.96%	–
DORM	Exit	DORMAN PRODUCTS INC.	$0	–	-278,827	–	-0.97%	–
BRX	Exit	BRIXMOR PROPERTY GROUP, INC.	$0	–	-1,102,835	–	-0.98%	–
AME	Exit	AMETEK INC.	$0	–	-247,911	–	-1.00%	–
CVA	Exit	COVANTA HOLDING CORP	$0	–	-1,316,729	–	-1.00%	–
TWNK	Exit	HOSTESS BRANDS INC.	$0	–	-1,661,209	–	-1.02%	–
KAMN	Exit	KAMAN CORP	$0	–	-403,623	–	-1.05%	–
BCO	Exit	THE BRINK'S CO	$0	–	-313,431	–	-1.14%	–
FMC	Exit	FMC CORP	$0	–	-306,388	–	-1.18%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-396,823	–	-1.20%	–
CGNX	Exit	COGNEX CORP	$0	–	-565,506	–	-1.22%	–
UCBI	Exit	UNITED COMMUNITY BANKS, INC. O	$0	–	-1,006,301	–	-1.25%	–
SNV	Exit	SYNOVUS FINANCIAL CORP.	$0	–	-804,495	–	-1.26%	–
WCN	Exit	WASTE CONNECTIONS INC.	$0	–	-369,904	–	-1.49%	–
RLI	Exit	RLI CORP.	$0	–	-374,646	–	-1.53%	–
LTXB	Exit	LEGACYTEXAS FINANCIAL GROUP, I	$0	–	-800,982	–	-1.53%	–
CCMP	Exit	CABOT MICROELECTRONICS	$0	–	-252,555	–	-1.56%	–
SSD	Exit	SIMPSON MANUFACTURING	$0	–	-554,654	–	-1.69%	–
POWI	Exit	POWER INTEGRATIONS INC.	$0	–	-430,914	–	-1.71%	–
HALO	Exit	HALOZYME THERAPEUTICS INC.	$0	–	-2,721,858	–	-1.85%	–
TCF	Exit	TCF FINANCIAL CORP	$0	–	-1,133,416	–	-1.89%	–
CACI	Exit	CACI INTERNATIONAL	$0	–	-193,898	–	-1.97%	–
CBT	Exit	CABOT CORP.	$0	–	-1,083,353	–	-2.15%	–
BWXT	Exit	BWX TECHNOLOGIES	$0	–	-900,921	–	-2.26%	–
INGR	Exit	INGREDION INC.	$0	–	-635,764	–	-2.28%	–
GGG	Exit	GRACO INC.	$0	–	-1,138,575	–	-2.30%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-1,182,363	–	-2.71%	–
ROLL	Exit	RBC BEARINGS INC.	$0	–	-377,999	–	-2.75%	–
CPRT	Exit	COPART INC.	$0	–	-801,214	–	-2.82%	–
HELE	Exit	HELEN OF TROY LTD.	$0	–	-411,573	–	-2.85%	–
TDY	Exit	TELEDYNE INC.	$0	–	-208,059	–	-2.94%	–
UGI	Exit	UGI CORP.	$0	–	-1,396,418	–	-3.08%	–
IEX	Exit	IDEX CORP.	$0	–	-445,659	–	-3.20%	–
HEIA	Exit	HEICO CORP - CLASS A	$0	–	-806,580	–	-3.44%	–
CLH	Exit	CLEAN HARBORS INC.	$0	–	-1,058,344	–	-3.58%	–
WWD	Exit	WOODWARD INC.	$0	–	-796,724	–	-3.77%	–
IAA	Exit	IAA INC.	$0	–	-2,146,443	–	-3.93%	–
KAR	Exit	KAR AUCTION SERVICES INC.	$0	–	-3,957,115	–	-4.26%	–
ENTG	Exit	ENTEGRIS INC.	$0	–	-2,708,315	–	-5.59%	–

Q3 2019

			Value		Shares		↓ Weighting
ENTG	Sell	ENTEGRIS INC.	$127,453,000	+16.0%	2,708,315	-8.0%	5.59%	+13.6%
KAR	Buy	KAR AUCTION SERVICES INC.	$97,147,000	+24.0%	3,957,115	+26.3%	4.26%	+21.5%
IAA	Sell	IAA INC.	$89,571,000	+2.0%	2,146,443	-5.2%	3.93%	-0.2%
WWD	Sell	WOODWARD INC.	$85,911,000	-4.8%	796,724	-0.1%	3.77%	-6.8%
CLH	Sell	CLEAN HARBORS INC.	$81,704,000	+8.3%	1,058,344	-0.2%	3.58%	+6.1%
HEIA	Sell	HEICO CORP - CLASS A	$78,488,000	-15.9%	806,580	-10.7%	3.44%	-17.7%
IEX	Sell	IDEX CORP.	$73,035,000	-7.4%	445,659	-2.7%	3.20%	-9.3%
UGI	Buy	UGI CORP.	$70,198,000	+0.9%	1,396,418	+7.2%	3.08%	-1.2%
TDY	Sell	TELEDYNE INC.	$66,993,000	+7.3%	208,059	-8.7%	2.94%	+5.0%
HELE	Sell	HELEN OF TROY LTD.	$64,889,000	+20.7%	411,573	-0.0%	2.85%	+18.2%
CPRT	Sell	COPART INC.	$64,362,000	-5.4%	801,214	-12.0%	2.82%	-7.4%
ROLL	Sell	RBC BEARINGS INC.	$62,714,000	-3.5%	377,999	-2.9%	2.75%	-5.4%
EBS	Buy	EMERGENT BIOSOLUTIONS INC	$61,814,000	+29.7%	1,182,363	+19.8%	2.71%	+27.0%
GGG	Sell	GRACO INC.	$52,420,000	-8.3%	1,138,575	-0.0%	2.30%	-10.2%
INGR	Sell	INGREDION INC.	$51,967,000	-0.9%	635,764	-0.0%	2.28%	-3.0%
BWXT	Sell	BWX TECHNOLOGIES	$51,542,000	+9.7%	900,921	-0.1%	2.26%	+7.4%
CBT	Buy	CABOT CORP.	$49,098,000	-4.9%	1,083,353	+0.1%	2.15%	-6.9%
CACI	Buy	CACI INTERNATIONAL	$44,841,000	+30.9%	193,898	+15.8%	1.97%	+28.1%
TCF	New	TCF FINANCIAL CORP	$43,149,000	–	1,133,416	–	1.89%	–
HALO	Sell	HALOZYME THERAPEUTICS INC.	$42,216,000	-10.0%	2,721,858	-0.3%	1.85%	-11.9%
POWI	Sell	POWER INTEGRATIONS INC.	$38,968,000	+12.3%	430,914	-0.5%	1.71%	+10.0%
SSD	Sell	SIMPSON MANUFACTURING	$38,476,000	+4.2%	554,654	-0.1%	1.69%	+2.1%
CCMP	Sell	CABOT MICROELECTRONICS	$35,663,000	+28.2%	252,555	-0.0%	1.56%	+25.6%
LTXB	Sell	LEGACYTEXAS FINANCIAL GROUP, I	$34,867,000	+6.9%	800,982	-0.1%	1.53%	+4.7%
RLI	Sell	RLI CORP.	$34,808,000	+8.4%	374,646	-0.0%	1.53%	+6.1%
WCN	Sell	WASTE CONNECTIONS INC.	$34,031,000	-4.0%	369,904	-0.3%	1.49%	-6.0%
SNV	Buy	SYNOVUS FINANCIAL CORP.	$28,769,000	+2.4%	804,495	+0.2%	1.26%	+0.2%
UCBI	Buy	UNITED COMMUNITY BANKS, INC. O	$28,529,000	+5.9%	1,006,301	+6.7%	1.25%	+3.7%
CGNX	Buy	COGNEX CORP	$27,783,000	+2.5%	565,506	+0.1%	1.22%	+0.4%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$27,242,000	-7.0%	396,823	-0.4%	1.20%	-8.9%
FMC	Sell	FMC CORP	$26,864,000	+5.4%	306,388	-0.3%	1.18%	+3.2%
BCO	New	THE BRINK'S CO	$25,999,000	–	313,431	–	1.14%	–
KAMN	Sell	KAMAN CORP	$23,999,000	-6.6%	403,623	-0.0%	1.05%	-8.6%
TWNK	Sell	HOSTESS BRANDS INC.	$23,232,000	-3.4%	1,661,209	-0.3%	1.02%	-5.5%
CVA	Sell	COVANTA HOLDING CORP	$22,766,000	-3.5%	1,316,729	-0.0%	1.00%	-5.5%
AME	Sell	AMETEK INC.	$22,763,000	+0.8%	247,911	-0.3%	1.00%	-1.3%
BRX	Buy	BRIXMOR PROPERTY GROUP, INC.	$22,377,000	+24.8%	1,102,835	+10.0%	0.98%	+22.3%
DORM	Buy	DORMAN PRODUCTS INC.	$22,178,000	-8.7%	278,827	+0.0%	0.97%	-10.6%
APH	Sell	AMPHENOL CORP. CL A	$21,905,000	+0.3%	226,996	-0.3%	0.96%	-1.7%
DLTR	Sell	DOLLAR TREE INC.	$21,358,000	+6.0%	187,085	-0.3%	0.94%	+3.8%
CLB	New	CORE LABORATORIES N.V.	$20,621,000	–	442,315	–	0.90%	–
COHR	Buy	COHERENT INC.	$20,004,000	+12.7%	130,130	+0.0%	0.88%	+10.4%
SNPS	Sell	SYNOPSYS INC.	$19,460,000	+6.4%	141,787	-0.3%	0.85%	+4.1%
MRCY	Buy	MERCURY SYSTEMS INC.	$19,243,000	+15.4%	237,065	+0.0%	0.84%	+13.0%
NGVT	Buy	INGEVITY CORP	$18,314,000	-8.8%	215,863	+13.0%	0.80%	-10.7%
MTX	Buy	MINERALS TECHNOLOGIES INC	$16,449,000	-0.5%	309,837	+0.3%	0.72%	-2.6%
PDFS	Buy	PDF SOLUTIONS, INC.	$16,145,000	-0.0%	1,235,250	+0.3%	0.71%	-2.2%
HSIC	Sell	HENRY SCHEIN, INC.	$14,611,000	-9.4%	230,095	-0.2%	0.64%	-11.2%
LKQ	Sell	LKQ CORP	$14,323,000	+17.9%	455,430	-0.3%	0.63%	+15.4%
HXL	Sell	HEXCEL CORP	$13,967,000	-7.4%	170,065	-8.8%	0.61%	-9.3%
WAL	Sell	WESTERN ALLIANCE BANCORP	$12,940,000	+2.8%	280,822	-0.2%	0.57%	+0.7%
KEYS	Sell	KEYSIGHT TECHNOLOGIES	$12,898,000	+8.0%	132,632	-0.2%	0.57%	+5.8%
THR	Buy	THERMON GROUP HOLDINGS INC	$12,353,000	+8.1%	537,534	+20.7%	0.54%	+5.9%
SRCI	Buy	SRC ENERGY INC.	$12,099,000	-5.5%	2,596,271	+0.6%	0.53%	-7.3%
CDMO	Buy	AVID BIOSERVICES INC.	$11,936,000	-4.9%	2,252,053	+0.4%	0.52%	-6.9%
STE	Sell	STERIS PLC	$11,858,000	-14.8%	82,069	-12.2%	0.52%	-16.7%
CTLT	Sell	CATALENT INC.	$11,376,000	-12.3%	238,696	-0.2%	0.50%	-14.1%
CRL	Buy	CHARLES RIVER LABORATORIES	$11,137,000	+8.3%	84,132	+16.1%	0.49%	+6.1%
CBOE	Sell	CBOE GLOBAL MARKETS INC	$11,111,000	+10.6%	96,697	-0.3%	0.49%	+8.2%
SERV	Sell	SERVICEMASTER GLOBAL HOLDINGS	$11,053,000	+7.0%	197,737	-0.3%	0.48%	+4.8%
MAA	Sell	MID-AMERICA APARTMENT COMMUNIT	$10,411,000	+10.1%	80,075	-0.3%	0.46%	+7.8%
AMTD	Buy	TD AMERITRADE HOLDING CORP.	$9,603,000	-1.6%	205,627	+5.2%	0.42%	-3.7%
LTHM	Buy	LIVENT CORP	$8,671,000	-3.0%	1,296,074	+0.3%	0.38%	-5.2%
MKL	Sell	MARKEL CORP.	$6,331,000	+8.2%	5,357	-0.3%	0.28%	+6.1%
NPK	Buy	NATIONAL PRESTO IND INC.	$5,892,000	-4.0%	66,136	+0.5%	0.26%	-5.8%
TECH	Sell	BIO TECHNE CORP	$5,223,000	-6.4%	26,692	-0.3%	0.23%	-8.4%
ADI	Sell	ANALOG DEVICES INC	$3,904,000	-1.4%	34,945	-0.4%	0.17%	-3.4%
MA	Sell	MASTERCARD, INC. CL-A	$3,838,000	+2.3%	14,134	-0.3%	0.17%	0.0%
MDT	Sell	MEDTRONIC PLC	$3,813,000	+11.1%	35,108	-0.4%	0.17%	+8.4%
V	Sell	VISA INC-CLASS A SHARES	$3,418,000	-1.2%	19,873	-0.3%	0.15%	-3.2%
WAT	Buy	WATERS CORP.	$2,813,000	+11.4%	12,603	+7.4%	0.12%	+8.8%
EOG	Sell	EOG RESOURCES INC.	$1,304,000	-20.9%	17,566	-0.7%	0.06%	-23.0%
TPR	Exit	TAPESTRY, INC.	$0	–	-27,238	–	-0.04%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC.	$0	–	-4,500	–	-0.07%	–
ADSW	Exit	ADVANCED DISPOSAL SERVICES	$0	–	-128,833	–	-0.18%	–
CHFC	Exit	CHEMICAL FINANCIAL CORP	$0	–	-1,132,139	–	-2.08%	–
GWR	Exit	GENESEE & WYOMING INC-CL A	$0	–	-601,615	–	-2.70%	–

Q2 2019

			Value		Shares		↓ Weighting
ENTG	New	ENTEGRIS INC.	$109,894,000	–	2,944,628	–	4.92%	–
HEIA	New	HEICO CORP - CLASS A	$93,367,000	–	903,233	–	4.18%	–
WWD	New	WOODWARD INC.	$90,221,000	–	797,290	–	4.04%	–
IAA	New	IAA INC.	$87,841,000	–	2,265,113	–	3.94%	–
IEX	New	IDEX CORP.	$78,866,000	–	458,152	–	3.53%	–
KAR	New	KAR AUCTION SERVICES INC.	$78,326,000	–	3,133,049	–	3.51%	–
CLH	New	CLEAN HARBORS INC.	$75,415,000	–	1,060,691	–	3.38%	–
UGI	New	UGI CORP.	$69,564,000	–	1,302,456	–	3.12%	–
CPRT	New	COPART INC.	$68,052,000	–	910,519	–	3.05%	–
ROLL	New	RBC BEARINGS INC.	$64,957,000	–	389,408	–	2.91%	–
TDY	New	TELEDYNE INC.	$62,444,000	–	228,006	–	2.80%	–
GWR	New	GENESEE & WYOMING INC-CL A	$60,162,000	–	601,615	–	2.70%	–
GGG	New	GRACO INC.	$57,162,000	–	1,139,134	–	2.56%	–
HELE	New	HELEN OF TROY LTD.	$53,772,000	–	411,759	–	2.41%	–
INGR	New	INGREDION INC.	$52,456,000	–	635,904	–	2.35%	–
CBT	New	CABOT CORP.	$51,640,000	–	1,082,363	–	2.31%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$47,669,000	–	986,728	–	2.14%	–
BWXT	New	BWX TECHNOLOGIES	$46,984,000	–	901,805	–	2.10%	–
HALO	New	HALOZYME THERAPEUTICS INC.	$46,884,000	–	2,729,005	–	2.10%	–
CHFC	New	CHEMICAL FINANCIAL CORP	$46,542,000	–	1,132,139	–	2.08%	–
SSD	New	SIMPSON MANUFACTURING	$36,914,000	–	555,427	–	1.65%	–
WCN	New	WASTE CONNECTIONS INC.	$35,452,000	–	370,914	–	1.59%	–
POWI	New	POWER INTEGRATIONS INC.	$34,709,000	–	432,887	–	1.56%	–
CACI	New	CACI INTERNATIONAL	$34,268,000	–	167,494	–	1.54%	–
LTXB	New	LEGACYTEXAS FINANCIAL GROUP, I	$32,625,000	–	801,388	–	1.46%	–
RLI	New	RLI CORP.	$32,118,000	–	374,732	–	1.44%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$29,282,000	–	398,500	–	1.31%	–
SNV	New	SYNOVUS FINANCIAL CORP.	$28,105,000	–	803,005	–	1.26%	–
CCMP	New	CABOT MICROELECTRONICS	$27,815,000	–	252,676	–	1.25%	–
CGNX	New	COGNEX CORP	$27,100,000	–	564,819	–	1.21%	–
UCBI	New	UNITED COMMUNITY BANKS, INC. O	$26,946,000	–	943,479	–	1.21%	–
KAMN	New	KAMAN CORP	$25,707,000	–	403,631	–	1.15%	–
FMC	New	FMC CORP	$25,484,000	–	307,220	–	1.14%	–
DORM	New	DORMAN PRODUCTS INC.	$24,295,000	–	278,799	–	1.09%	–
TWNK	New	HOSTESS BRANDS INC.	$24,061,000	–	1,666,251	–	1.08%	–
CVA	New	COVANTA HOLDING CORP	$23,584,000	–	1,316,782	–	1.06%	–
AME	New	AMETEK INC.	$22,580,000	–	248,574	–	1.01%	–
APH	New	AMPHENOL CORP. CL A	$21,837,000	–	227,611	–	0.98%	–
DLTR	New	DOLLAR TREE INC.	$20,146,000	–	187,594	–	0.90%	–
NGVT	New	INGEVITY CORP	$20,088,000	–	191,008	–	0.90%	–
SNPS	New	SYNOPSYS INC.	$18,293,000	–	142,149	–	0.82%	–
BRX	New	BRIXMOR PROPERTY GROUP, INC.	$17,930,000	–	1,002,804	–	0.80%	–
COHR	New	COHERENT INC.	$17,745,000	–	130,126	–	0.80%	–
MRCY	New	MERCURY SYSTEMS INC.	$16,676,000	–	237,042	–	0.75%	–
MTX	New	MINERALS TECHNOLOGIES INC	$16,528,000	–	308,881	–	0.74%	–
PDFS	New	PDF SOLUTIONS, INC.	$16,152,000	–	1,231,086	–	0.72%	–
HSIC	New	HENRY SCHEIN, INC.	$16,124,000	–	230,668	–	0.72%	–
HXL	New	HEXCEL CORP	$15,088,000	–	186,550	–	0.68%	–
STE	New	STERIS PLC	$13,918,000	–	93,483	–	0.62%	–
CTLT	New	CATALENT INC.	$12,969,000	–	239,241	–	0.58%	–
SRCI	New	SRC ENERGY INC.	$12,800,000	–	2,580,631	–	0.57%	–
WAL	New	WESTERN ALLIANCE BANCORP	$12,589,000	–	281,517	–	0.56%	–
CDMO	New	AVID BIOSERVICES INC.	$12,557,000	–	2,242,292	–	0.56%	–
LKQ	New	LKQ CORP	$12,150,000	–	456,596	–	0.54%	–
KEYS	New	KEYSIGHT TECHNOLOGIES	$11,939,000	–	132,940	–	0.54%	–
THR	New	THERMON GROUP HOLDINGS INC	$11,423,000	–	445,345	–	0.51%	–
SERV	New	SERVICEMASTER GLOBAL HOLDINGS	$10,326,000	–	198,241	–	0.46%	–
CRL	New	CHARLES RIVER LABORATORIES	$10,280,000	–	72,445	–	0.46%	–
CBOE	New	CBOE GLOBAL MARKETS INC	$10,046,000	–	96,943	–	0.45%	–
AMTD	New	TD AMERITRADE HOLDING CORP.	$9,761,000	–	195,523	–	0.44%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$9,454,000	–	80,280	–	0.42%	–
LTHM	New	LIVENT CORP	$8,941,000	–	1,292,031	–	0.40%	–
NPK	New	NATIONAL PRESTO IND INC.	$6,138,000	–	65,794	–	0.28%	–
MKL	New	MARKEL CORP.	$5,853,000	–	5,372	–	0.26%	–
TECH	New	BIO TECHNE CORP	$5,579,000	–	26,760	–	0.25%	–
ADSW	New	ADVANCED DISPOSAL SERVICES	$4,111,000	–	128,833	–	0.18%	–
ADI	New	ANALOG DEVICES INC	$3,958,000	–	35,071	–	0.18%	–
MA	New	MASTERCARD, INC. CL-A	$3,752,000	–	14,183	–	0.17%	–
V	New	VISA INC-CLASS A SHARES	$3,461,000	–	19,942	–	0.16%	–
MDT	New	MEDTRONIC PLC	$3,431,000	–	35,232	–	0.15%	–
WAT	New	WATERS CORP.	$2,525,000	–	11,733	–	0.11%	–
ORLY	New	O'REILLY AUTOMOTIVE INC.	$1,662,000	–	4,500	–	0.07%	–
EOG	New	EOG RESOURCES INC.	$1,648,000	–	17,690	–	0.07%	–
TPR	New	TAPESTRY, INC.	$864,000	–	27,238	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
TPR	Exit	TAPESTRY, INC.	$0	–	-27,300	–	-0.06%	–
EOG	Exit	EOG RESOURCES INC.	$0	–	-15,000	–	-0.08%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC.	$0	–	-8,237	–	-0.13%	–
WAT	Exit	WATERS CORP.	$0	–	-15,032	–	-0.13%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-35,147	–	-0.14%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-35,309	–	-0.15%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-26,074	–	-0.17%	–
MA	Exit	MASTERCARD, INC. CL-A	$0	–	-18,339	–	-0.18%	–
VMI	Exit	VALMONT INDUSTRIES, INC.	$0	–	-31,206	–	-0.19%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-27,406	–	-0.25%	–
MKL	Exit	MARKEL CORP.	$0	–	-5,704	–	-0.30%	–
MAA	Exit	MID-AMERICA APARTMENT COMMUNIT	$0	–	-85,261	–	-0.38%	–
NPK	Exit	NATIONAL PRESTO IND INC.	$0	–	-72,126	–	-0.42%	–
AZZ	Exit	AZZ INC	$0	–	-198,964	–	-0.45%	–
AMTD	Exit	TD AMERITRADE HOLDING CORP.	$0	–	-194,825	–	-0.46%	–
CRL	Exit	CHARLES RIVER LABORATORIES	$0	–	-76,957	–	-0.46%	–
THR	Exit	THERMON GROUP HOLDINGS INC	$0	–	-421,098	–	-0.48%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES	$0	–	-178,839	–	-0.53%	–
PDFS	Exit	PDF SOLUTIONS, INC.	$0	–	-1,346,941	–	-0.54%	–
CDMO	Exit	AVID BIOSERVICES INC.	$0	–	-1,896,878	–	-0.58%	–
KEYW	Exit	KEYW HOLDING CORPORATION	$0	–	-1,501,012	–	-0.58%	–
SERV	Exit	SERVICEMASTER GLOBAL HOLDINGS	$0	–	-210,589	–	-0.58%	–
HXL	Exit	HEXCEL CORP	$0	–	-198,085	–	-0.59%	–
LKQ	Exit	LKQ CORP	$0	–	-421,508	–	-0.59%	–
STE	Exit	STERIS CORP.	$0	–	-120,506	–	-0.61%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-243,254	–	-0.62%	–
DOOR	Exit	MASONITE INTL CORP	$0	–	-226,304	–	-0.64%	–
SNPS	Exit	SYNOPSYS INC.	$0	–	-151,109	–	-0.66%	–
BWXT	Exit	BWX TECHNOLOGIES	$0	–	-245,575	–	-0.68%	–
DLTR	Exit	DOLLAR TREE INC.	$0	–	-197,517	–	-0.72%	–
HSIC	Exit	HENRY SCHEIN, INC.	$0	–	-205,703	–	-0.78%	–
COHR	Exit	COHERENT INC.	$0	–	-102,163	–	-0.78%	–
MRCY	Exit	MERCURY SYSTEMS INC.	$0	–	-321,142	–	-0.79%	–
MTX	Exit	MINERALS TECHNOLOGIES INC	$0	–	-271,616	–	-0.82%	–
AME	Exit	AMETEK INC.	$0	–	-236,060	–	-0.83%	–
TWNK	Exit	HOSTESS BRANDS INC.	$0	–	-1,690,522	–	-0.83%	–
SRCI	Exit	SRC ENERGY INC.	$0	–	-2,504,401	–	-0.99%	–
CVA	Exit	COVANTA HOLDING CORP	$0	–	-1,435,904	–	-1.04%	–
FMC	Exit	FMC CORP	$0	–	-280,496	–	-1.09%	–
APH	Exit	AMPHENOL CORP. CL A	$0	–	-265,145	–	-1.11%	–
CCMP	Exit	CABOT MICROELECTRONICS	$0	–	-275,053	–	-1.26%	–
KAMN	Exit	KAMAN CORP	$0	–	-441,376	–	-1.31%	–
UCBI	Exit	UNITED COMMUNITY BANKS, INC. O	$0	–	-1,056,041	–	-1.31%	–
POWI	Exit	POWER INTEGRATIONS INC.	$0	–	-479,371	–	-1.35%	–
WCN	Exit	WASTE CONNECTIONS INC.	$0	–	-392,656	–	-1.39%	–
DORM	Exit	DORMAN PRODUCTS INC.	$0	–	-415,333	–	-1.42%	–
FCB	Exit	FCB FINANCIAL HOLDING CL A	$0	–	-677,475	–	-1.43%	–
RLI	Exit	RLI CORP.	$0	–	-410,288	–	-1.43%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-433,831	–	-1.48%	–
CGNX	Exit	COGNEX CORP	$0	–	-615,518	–	-1.53%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-416,457	–	-1.68%	–
LTXB	Exit	LEGACYTEXAS FINANCIAL GROUP, I	$0	–	-956,320	–	-1.81%	–
CHFC	Exit	CHEMICAL FINANCIAL CORP	$0	–	-764,438	–	-1.81%	–
HALO	Exit	HALOZYME THERAPEUTICS INC.	$0	–	-2,387,350	–	-1.93%	–
SSD	Exit	SIMPSON MANUFACTURING	$0	–	-606,141	–	-1.95%	–
CBT	Exit	CABOT CORP.	$0	–	-835,684	–	-2.33%	–
GWR	Exit	GENESEE & WYOMING INC-CL A	$0	–	-651,261	–	-2.63%	–
HELE	Exit	HELEN OF TROY LTD.	$0	–	-492,365	–	-2.86%	–
GGG	Exit	GRACO INC.	$0	–	-1,402,747	–	-2.89%	–
TDY	Exit	TELEDYNE INC.	$0	–	-271,600	–	-2.98%	–
WWD	Exit	WOODWARD INC.	$0	–	-850,856	–	-3.06%	–
INGR	Exit	INGREDION INC.	$0	–	-687,653	–	-3.21%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-1,113,198	–	-3.26%	–
IEX	Exit	IDEX CORP.	$0	–	-540,217	–	-3.62%	–
CLH	Exit	CLEAN HARBORS INC.	$0	–	-1,141,832	–	-3.63%	–
ROLL	Exit	RBC BEARINGS INC.	$0	–	-551,141	–	-3.68%	–
UGI	Exit	UGI CORP.	$0	–	-1,515,546	–	-3.74%	–
CPRT	Exit	COPART INC.	$0	–	-1,635,926	–	-3.74%	–
ENTG	Exit	ENTEGRIS INC.	$0	–	-3,214,277	–	-4.13%	–
HEIA	Exit	HEICO CORP - CLASS A	$0	–	-1,410,053	–	-4.73%	–
KAR	Exit	KAR AUCTION SERVICES INC.	$0	–	-1,899,217	–	-5.04%	–

Q3 2018

			Value		Shares		↓ Weighting
KAR	Sell	KAR AUCTION SERVICES INC.	$113,364,000	+6.5%	1,899,217	-2.2%	5.04%	-0.0%
HEIA	Sell	HEICO CORP - CLASS A	$106,459,000	+9.5%	1,410,053	-11.6%	4.73%	+2.8%
ENTG	Buy	ENTEGRIS INC.	$93,053,000	-7.8%	3,214,277	+8.0%	4.13%	-13.5%
CPRT	Sell	COPART INC.	$84,299,000	-17.4%	1,635,926	-9.4%	3.74%	-22.5%
UGI	Buy	UGI CORP.	$84,082,000	+6.8%	1,515,546	+0.2%	3.74%	+0.2%
ROLL	Sell	RBC BEARINGS INC.	$82,870,000	+10.4%	551,141	-5.4%	3.68%	+3.7%
CLH	Buy	CLEAN HARBORS INC.	$81,732,000	+30.0%	1,141,832	+0.9%	3.63%	+22.0%
IEX	Sell	IDEX CORP.	$81,389,000	+1.1%	540,217	-8.4%	3.62%	-5.1%
EBS	Sell	EMERGENT BIOSOLUTIONS INC	$73,282,000	+28.1%	1,113,198	-1.7%	3.26%	+20.2%
INGR	Buy	INGREDION INC.	$72,176,000	-4.4%	687,653	+0.8%	3.21%	-10.3%
WWD	Buy	WOODWARD INC.	$68,800,000	+5.4%	850,856	+0.2%	3.06%	-1.1%
TDY	Sell	TELEDYNE INC.	$66,998,000	+21.5%	271,600	-2.0%	2.98%	+14.0%
GGG	Sell	GRACO INC.	$65,003,000	-2.9%	1,402,747	-5.3%	2.89%	-8.9%
HELE	Buy	HELEN OF TROY LTD.	$64,451,000	+33.5%	492,365	+0.4%	2.86%	+25.3%
GWR	Buy	GENESEE & WYOMING INC-CL A	$59,258,000	+13.0%	651,261	+1.0%	2.63%	+6.1%
CBT	Buy	CABOT CORP.	$52,414,000	+1.7%	835,684	+0.2%	2.33%	-4.5%
SSD	Sell	SIMPSON MANUFACTURING	$43,921,000	+14.3%	606,141	-1.9%	1.95%	+7.3%
HALO	Buy	HALOZYME THERAPEUTICS INC.	$43,378,000	+8.2%	2,387,350	+0.5%	1.93%	+1.6%
CHFC	Buy	CHEMICAL FINANCIAL CORP	$40,821,000	+0.2%	764,438	+4.5%	1.81%	-5.9%
LTXB	Buy	LEGACYTEXAS FINANCIAL GROUP, I	$40,739,000	+9.3%	956,320	+0.1%	1.81%	+2.5%
ESL	Sell	ESTERLINE TECHNOLOGIES CORP	$37,877,000	+20.4%	416,457	-2.3%	1.68%	+13.0%
CGNX	Sell	COGNEX CORP	$34,358,000	+22.7%	615,518	-2.0%	1.53%	+15.1%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$33,192,000	+4.8%	433,831	-2.0%	1.48%	-1.7%
RLI	Sell	RLI CORP.	$32,240,000	+16.3%	410,288	-2.0%	1.43%	+9.1%
FCB	Buy	FCB FINANCIAL HOLDING CL A	$32,112,000	-10.5%	677,475	+11.0%	1.43%	-16.0%
DORM	Sell	DORMAN PRODUCTS INC.	$31,947,000	+10.6%	415,333	-1.8%	1.42%	+3.7%
WCN	Buy	WASTE CONNECTIONS INC.	$31,322,000	+14.2%	392,656	+7.7%	1.39%	+7.2%
POWI	Sell	POWER INTEGRATIONS INC.	$30,296,000	-15.1%	479,371	-1.8%	1.35%	-20.3%
UCBI	Buy	UNITED COMMUNITY BANKS, INC. O	$29,453,000	+1.0%	1,056,041	+11.1%	1.31%	-5.2%
KAMN	Sell	KAMAN CORP	$29,475,000	-6.3%	441,376	-2.2%	1.31%	-12.1%
CCMP	Sell	CABOT MICROELECTRONICS	$28,377,000	-5.9%	275,053	-1.9%	1.26%	-11.7%
APH	Buy	AMPHENOL CORP. CL A	$24,929,000	+16.5%	265,145	+8.0%	1.11%	+9.4%
FMC	Buy	FMC CORP	$24,454,000	+5.4%	280,496	+7.8%	1.09%	-1.2%
CVA	Sell	COVANTA HOLDING CORP	$23,333,000	-28.5%	1,435,904	-27.4%	1.04%	-32.8%
SRCI	Buy	SRC ENERGY INC.	$22,264,000	-3.6%	2,504,401	+19.4%	0.99%	-9.6%
TWNK	Sell	HOSTESS BRANDS INC.	$18,714,000	-20.2%	1,690,522	-1.9%	0.83%	-25.1%
AME	Buy	AMETEK INC.	$18,677,000	+19.3%	236,060	+8.8%	0.83%	+12.0%
MTX	Sell	MINERALS TECHNOLOGIES INC	$18,361,000	-12.0%	271,616	-2.0%	0.82%	-17.4%
MRCY	Sell	MERCURY SYSTEMS INC.	$17,766,000	+41.8%	321,142	-2.4%	0.79%	+33.1%
COHR	New	COHERENT INC.	$17,591,000	–	102,163	–	0.78%	–
HSIC	Buy	HENRY SCHEIN, INC.	$17,491,000	+26.1%	205,703	+7.8%	0.78%	+18.4%
DLTR	Buy	DOLLAR TREE INC.	$16,108,000	+3.4%	197,517	+7.8%	0.72%	-3.0%
BWXT	Buy	BWX TECHNOLOGIES	$15,358,000	+9.2%	245,575	+8.8%	0.68%	+2.4%
SNPS	Buy	SYNOPSYS INC.	$14,901,000	+25.4%	151,109	+8.8%	0.66%	+17.6%
DOOR	Sell	MASONITE INTL CORP	$14,506,000	-12.5%	226,304	-1.9%	0.64%	-18.0%
WAL	Buy	WESTERN ALLIANCE BANCORP	$13,839,000	+42.4%	243,254	+41.7%	0.62%	+33.7%
STE	Buy	STERIS CORP.	$13,786,000	+18.5%	120,506	+8.8%	0.61%	+11.1%
LKQ	Buy	LKQ CORP	$13,349,000	+8.0%	421,508	+8.8%	0.59%	+1.4%
HXL	Buy	HEXCEL CORP	$13,282,000	+9.9%	198,085	+8.8%	0.59%	+3.1%
SERV	Buy	SERVICEMASTER GLOBAL HOLDINGS	$13,063,000	+13.5%	210,589	+8.8%	0.58%	+6.4%
KEYW	Sell	KEYW HOLDING CORPORATION	$12,999,000	-2.9%	1,501,012	-2.0%	0.58%	-8.8%
CDMO	New	AVID BIOSERVICES INC.	$13,013,000	–	1,896,878	–	0.58%	–
PDFS	Sell	PDF SOLUTIONS, INC.	$12,163,000	-26.0%	1,346,941	-1.8%	0.54%	-30.6%
KEYS	Buy	KEYSIGHT TECHNOLOGIES	$11,853,000	+22.1%	178,839	+8.8%	0.53%	+14.8%
THR	Sell	THERMON GROUP HOLDINGS INC	$10,856,000	+10.5%	421,098	-2.0%	0.48%	+3.7%
CRL	Buy	CHARLES RIVER LABORATORIES	$10,354,000	+30.4%	76,957	+8.8%	0.46%	+22.3%
AMTD	Buy	TD AMERITRADE HOLDING CORP.	$10,293,000	+3.3%	194,825	+7.0%	0.46%	-3.2%
AZZ	Sell	AZZ INC	$10,048,000	+13.9%	198,964	-2.0%	0.45%	+6.7%
NPK	Sell	NATIONAL PRESTO IND INC.	$9,351,000	+2.3%	72,126	-2.2%	0.42%	-4.2%
MAA	Buy	MID-AMERICA APARTMENT COMMUNIT	$8,541,000	+8.3%	85,261	+8.8%	0.38%	+1.6%
MKL	Buy	MARKEL CORP.	$6,779,000	+19.1%	5,704	+8.7%	0.30%	+11.9%
TECH	Sell	BIO TECHNE CORP	$5,594,000	+16.6%	27,406	-15.5%	0.25%	+9.7%
VMI	Buy	VALMONT INDUSTRIES, INC.	$4,322,000	-0.0%	31,206	+8.8%	0.19%	-6.3%
MA	Buy	MASTERCARD, INC. CL-A	$4,082,000	+15.7%	18,339	+2.1%	0.18%	+8.4%
V	Buy	VISA INC-CLASS A SHARES	$3,913,000	+15.7%	26,074	+2.1%	0.17%	+8.8%
MDT	Buy	MEDTRONIC PLC	$3,473,000	+17.5%	35,309	+2.3%	0.15%	+10.0%
ADI	Buy	ANALOG DEVICES INC	$3,250,000	-1.4%	35,147	+2.3%	0.14%	-7.7%
WAT	Buy	WATERS CORP.	$2,926,000	+3.2%	15,032	+2.7%	0.13%	-3.0%
ORLY	Sell	O'REILLY AUTOMOTIVE INC.	$2,861,000	+3.3%	8,237	-18.6%	0.13%	-3.1%
EOG	Buy	EOG RESOURCES INC.	$1,914,000	+3.4%	15,000	+0.8%	0.08%	-3.4%
TPR	Buy	TAPESTRY, INC.	$1,372,000	+9.9%	27,300	+2.2%	0.06%	+3.4%
CLB	Exit	CORE LABORATORIES N.V.	$0	–	-35,698	–	-0.21%	–
OMCL	Exit	OMNICELL INC.	$0	–	-109,113	–	-0.27%	–

Q2 2018

			Value		Shares		↓ Weighting
KAR	New	KAR AUCTION SERVICES INC.	$106,426,000	–	1,942,083	–	5.04%	–
CPRT	New	COPART INC.	$102,076,000	–	1,804,737	–	4.83%	–
ENTG	New	ENTEGRIS INC.	$100,922,000	–	2,977,058	–	4.78%	–
HEIA	New	HEICO CORP - CLASS A	$97,241,000	–	1,595,430	–	4.60%	–
IEX	New	IDEX CORP.	$80,521,000	–	589,983	–	3.81%	–
UGI	New	UGI CORP.	$78,735,000	–	1,512,105	–	3.73%	–
INGR	New	INGREDION INC.	$75,515,000	–	682,155	–	3.58%	–
ROLL	New	RBC BEARINGS INC.	$75,041,000	–	582,570	–	3.55%	–
GGG	New	GRACO INC.	$66,967,000	–	1,480,913	–	3.17%	–
WWD	New	WOODWARD INC.	$65,288,000	–	849,446	–	3.09%	–
CLH	New	CLEAN HARBORS INC.	$62,858,000	–	1,131,564	–	2.98%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$57,196,000	–	1,132,822	–	2.71%	–
TDY	New	TELEDYNE INC.	$55,163,000	–	277,117	–	2.61%	–
GWR	New	GENESEE & WYOMING INC-CL A	$52,429,000	–	644,726	–	2.48%	–
CBT	New	CABOT CORP.	$51,514,000	–	833,969	–	2.44%	–
HELE	New	HELEN OF TROY LTD.	$48,261,000	–	490,207	–	2.28%	–
CHFC	New	CHEMICAL FINANCIAL CORP	$40,735,000	–	731,720	–	1.93%	–
HALO	New	HALOZYME THERAPEUTICS INC.	$40,081,000	–	2,375,876	–	1.90%	–
SSD	New	SIMPSON MANUFACTURING	$38,428,000	–	617,914	–	1.82%	–
LTXB	New	LEGACYTEXAS FINANCIAL GROUP, I	$37,288,000	–	955,607	–	1.76%	–
FCB	New	FCB FINANCIAL HOLDING CL A	$35,890,000	–	610,382	–	1.70%	–
POWI	New	POWER INTEGRATIONS INC.	$35,677,000	–	488,394	–	1.69%	–
CVA	New	COVANTA HOLDING CORP	$32,624,000	–	1,977,225	–	1.54%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$31,676,000	–	442,711	–	1.50%	–
KAMN	New	KAMAN CORP	$31,455,000	–	451,360	–	1.49%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$31,451,000	–	426,165	–	1.49%	–
CCMP	New	CABOT MICROELECTRONICS	$30,158,000	–	280,385	–	1.43%	–
UCBI	New	UNITED COMMUNITY BANKS, INC. O	$29,164,000	–	950,907	–	1.38%	–
DORM	New	DORMAN PRODUCTS INC.	$28,897,000	–	423,031	–	1.37%	–
CGNX	New	COGNEX CORP	$28,009,000	–	627,863	–	1.33%	–
RLI	New	RLI CORP.	$27,711,000	–	418,663	–	1.31%	–
WCN	New	WASTE CONNECTIONS INC.	$27,434,000	–	364,430	–	1.30%	–
TWNK	New	HOSTESS BRANDS INC.	$23,447,000	–	1,724,032	–	1.11%	–
FMC	New	FMC CORP	$23,206,000	–	260,128	–	1.10%	–
SRCI	New	SRC ENERGY INC.	$23,106,000	–	2,096,724	–	1.09%	–
APH	New	AMPHENOL CORP. CL A	$21,399,000	–	245,543	–	1.01%	–
MTX	New	MINERALS TECHNOLOGIES INC	$20,876,000	–	277,059	–	0.99%	–
DOOR	New	MASONITE INTL CORP	$16,572,000	–	230,650	–	0.78%	–
PDFS	New	PDF SOLUTIONS, INC.	$16,439,000	–	1,372,204	–	0.78%	–
AME	New	AMETEK INC.	$15,655,000	–	216,944	–	0.74%	–
DLTR	New	DOLLAR TREE INC.	$15,581,000	–	183,304	–	0.74%	–
BWXT	New	BWX TECHNOLOGIES	$14,065,000	–	225,686	–	0.67%	–
HSIC	New	HENRY SCHEIN, INC.	$13,867,000	–	190,896	–	0.66%	–
KEYW	New	KEYW HOLDING CORPORATION	$13,388,000	–	1,531,784	–	0.63%	–
MRCY	New	MERCURY SYSTEMS INC.	$12,527,000	–	329,126	–	0.59%	–
LKQ	New	LKQ CORP	$12,361,000	–	387,493	–	0.58%	–
HXL	New	HEXCEL CORP	$12,088,000	–	182,107	–	0.57%	–
SNPS	New	SYNOPSYS INC.	$11,884,000	–	138,876	–	0.56%	–
STE	New	STERIS CORP.	$11,629,000	–	110,745	–	0.55%	–
SERV	New	SERVICEMASTER GLOBAL HOLDING	$11,509,000	–	193,532	–	0.54%	–
AMTD	New	TD AMERITRADE HOLDING CORP.	$9,969,000	–	182,012	–	0.47%	–
THR	New	THERMON GROUP HOLDINGS INC	$9,823,000	–	429,532	–	0.46%	–
WAL	New	WESTERN ALLIANCE BANCORP	$9,718,000	–	171,673	–	0.46%	–
KEYS	New	KEYSIGHT TECHNOLOGIES	$9,705,000	–	164,402	–	0.46%	–
NPK	New	NATIONAL PRESTO IND INC.	$9,144,000	–	73,742	–	0.43%	–
AZZ	New	AZZ INC	$8,823,000	–	203,053	–	0.42%	–
CRL	New	CHARLES RIVER LABORATORIES	$7,939,000	–	70,724	–	0.38%	–
MAA	New	MID-AMERICA APARTMENT COMMUNIT	$7,888,000	–	78,354	–	0.37%	–
OMCL	New	OMNICELL INC.	$5,723,000	–	109,113	–	0.27%	–
MKL	New	MARKEL CORP.	$5,692,000	–	5,249	–	0.27%	–
TECH	New	BIO TECHNE CORP	$4,798,000	–	32,432	–	0.23%	–
CLB	New	CORE LABORATORIES N.V.	$4,505,000	–	35,698	–	0.21%	–
VMI	New	VALMONT INDUSTRIES, INC.	$4,323,000	–	28,679	–	0.20%	–
MA	New	MASTERCARD, INC. CL-A	$3,528,000	–	17,954	–	0.17%	–
V	New	VISA INC-CLASS A SHARES	$3,382,000	–	25,534	–	0.16%	–
ADI	New	ANALOG DEVICES INC	$3,297,000	–	34,372	–	0.16%	–
MDT	New	MEDTRONIC PLC	$2,956,000	–	34,530	–	0.14%	–
WAT	New	WATERS CORP.	$2,834,000	–	14,637	–	0.13%	–
ORLY	New	O'REILLY AUTOMOTIVE INC.	$2,769,000	–	10,122	–	0.13%	–
EOG	New	EOG RESOURCES INC.	$1,851,000	–	14,879	–	0.09%	–
TPR	New	TAPESTRY, INC.	$1,248,000	–	26,712	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
COH	Exit	COACH INC	$0	–	-22,016	–	-0.04%	–
EOG	Exit	EOG RES INC	$0	–	-12,620	–	-0.06%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-9,996	–	-0.11%	–
WAT	Exit	WATERS CORP	$0	–	-12,926	–	-0.12%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-20,247	–	-0.12%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-34,102	–	-0.13%	–
V	Exit	VISA INC	$0	–	-26,022	–	-0.14%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-33,947	–	-0.15%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-31,972	–	-0.16%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-23,763	–	-0.17%	–
VMI	Exit	VALMONT INDS INC	$0	–	-25,651	–	-0.20%	–
MKL	Exit	MARKEL CORP	$0	–	-4,697	–	-0.25%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-53,413	–	-0.29%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-51,138	–	-0.33%	–
SERV	Exit	SERVICEMASTER GLOBAL HLDGS I	$0	–	-151,832	–	-0.36%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-169,527	–	-0.41%	–
STE	Exit	STERIS PLC	$0	–	-99,054	–	-0.44%	–
LKQ	Exit	LKQ CORP	$0	–	-258,648	–	-0.46%	–
MAA	Exit	MID A77AMER APT CMNTYS INC	$0	–	-90,185	–	-0.48%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-124,500	–	-0.50%	–
AZZ	Exit	AZZ INC	$0	–	-220,106	–	-0.54%	–
OMCL	Exit	OMNICELL INC	$0	–	-226,558	–	-0.58%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-649,207	–	-0.58%	–
KEYW	Exit	KEYW HLDG CORP	$0	–	-1,664,802	–	-0.63%	–
AME	Exit	AMETEK INC NEW	$0	–	-194,317	–	-0.64%	–
BWXT	Exit	BWX TECHNOLOGIES INC	$0	–	-246,529	–	-0.69%	–
DOOR	Exit	MASONITE INTL CORP	$0	–	-200,595	–	-0.69%	–
HSIC	Exit	SCHEIN HENRY INC	$0	–	-171,077	–	-0.70%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-165,113	–	-0.72%	–
MTX	Exit	MINERALS TECHNOLOGIES INC	$0	–	-208,905	–	-0.74%	–
FMC	Exit	F M C CORP	$0	–	-203,217	–	-0.91%	–
PDFS	Exit	PDF SOLUTIONS INC	$0	–	-1,193,321	–	-0.92%	–
TWNK	Exit	HOSTESS BRANDS INC	$0	–	-1,407,190	–	-0.96%	–
APH	Exit	AMPHENOL CORP NEW	$0	–	-231,634	–	-0.98%	–
SRCI	Exit	SRC ENERGY INC	$0	–	-2,158,158	–	-1.04%	–
ALOG	Exit	ANALOGIC CORP	$0	–	-250,306	–	-1.05%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-331,899	–	-1.16%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-315,599	–	-1.21%	–
CCMP	Exit	CABOT MICROELECTRONICS CORP	$0	–	-304,742	–	-1.22%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-895,187	–	-1.28%	–
RLI	Exit	RLI CORP	$0	–	-454,051	–	-1.30%	–
CATM	Exit	CARDTRONICS PLC	$0	–	-1,164,168	–	-1.34%	–
CHFC	Exit	CHEMICAL FINL CORP	$0	–	-543,694	–	-1.42%	–
DORM	Exit	DORMAN PRODUCTS INC	$0	–	-431,996	–	-1.55%	–
CVA	Exit	COVANTA HLDG CORP	$0	–	-2,136,309	–	-1.58%	–
KAMN	Exit	KAMAN CORP	$0	–	-572,229	–	-1.60%	–
FCB	Exit	FCB FINL HLDGS INCcl a	$0	–	-667,395	–	-1.61%	–
GWR	Exit	GENESEE & WYO INCcl a	$0	–	-469,494	–	-1.74%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-756,911	–	-1.86%	–
CBT	Exit	CABOT CORP	$0	–	-681,692	–	-1.90%	–
POWI	Exit	POWER INTEGRATIONS INC	$0	–	-530,544	–	-1.94%	–
CGNX	Exit	COGNEX CORP	$0	–	-359,708	–	-1.98%	–
LTXB	Exit	LEGACY TEX FINL GROUP INC	$0	–	-1,000,638	–	-2.00%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-464,741	–	-2.09%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-2,466,684	–	-2.14%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-1,098,189	–	-2.22%	–
HELE	Exit	HELEN OF TROY CORP LTD	$0	–	-511,507	–	-2.48%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC	$0	–	-321,719	–	-2.56%	–
WWD	Exit	WOODWARD INC	$0	–	-822,391	–	-3.19%	–
CLH	Exit	CLEAN HARBORS INC	$0	–	-1,173,444	–	-3.32%	–
UGI	Exit	UGI CORP NEW	$0	–	-1,465,551	–	-3.43%	–
GGG	Exit	GRACO INC	$0	–	-559,522	–	-3.46%	–
INGR	Exit	INGREDION INC	$0	–	-657,968	–	-3.97%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-659,076	–	-4.12%	–
IEX	Exit	IDEX CORP	$0	–	-692,315	–	-4.20%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-1,158,327	–	-4.41%	–
ENTG	Exit	ENTEGRIS INC	$0	–	-3,143,681	–	-4.53%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-1,994,546	–	-4.76%	–
CPRT	Exit	COPART INC	$0	–	-2,998,480	–	-5.15%	–

Q3 2017

			Value		Shares		↓ Weighting
CPRT	Sell	COPART INC	$103,058,000	+5.5%	2,998,480	-2.4%	5.15%	-0.5%
KAR	Sell	KAR AUCTION SVCS INC	$95,220,000	+11.3%	1,994,546	-2.2%	4.76%	+5.0%
ENTG	Sell	ENTEGRIS INC	$90,695,000	+28.1%	3,143,681	-2.5%	4.53%	+20.9%
HEIA	Sell	HEICO CORP NEWcl a	$88,265,000	+5.5%	1,158,327	-14.1%	4.41%	-0.5%
IEX	Sell	IDEX CORP	$84,096,000	-5.2%	692,315	-11.8%	4.20%	-10.6%
ROLL	Buy	RBC BEARINGS INC	$82,483,000	+23.5%	659,076	+0.4%	4.12%	+16.5%
INGR	Sell	INGREDION INC	$79,377,000	-1.6%	657,968	-2.7%	3.97%	-7.1%
GGG	Sell	GRACO INC	$69,207,000	+4.9%	559,522	-7.4%	3.46%	-1.1%
UGI	Sell	UGI CORP NEW	$68,676,000	-5.0%	1,465,551	-1.8%	3.43%	-10.3%
CLH	Sell	CLEAN HARBORS INC	$66,534,000	-1.6%	1,173,444	-3.1%	3.32%	-7.1%
WWD	Sell	WOODWARD INC	$63,826,000	+12.1%	822,391	-2.4%	3.19%	+5.7%
TDY	Buy	TELEDYNE TECHNOLOGIES INC	$51,211,000	+25.3%	321,719	+0.5%	2.56%	+18.2%
HELE	Sell	HELEN OF TROY CORP LTD	$49,565,000	+0.2%	511,507	-2.7%	2.48%	-5.4%
EBS	Buy	EMERGENT BIOSOLUTIONS INC	$44,422,000	+19.8%	1,098,189	+0.4%	2.22%	+13.1%
HALO	Sell	HALOZYME THERAPEUTICS INC	$42,846,000	+32.2%	2,466,684	-2.4%	2.14%	+24.7%
ESL	Buy	ESTERLINE TECHNOLOGIES CORP	$41,896,000	-1.0%	464,741	+4.1%	2.09%	-6.6%
LTXB	Buy	LEGACY TEX FINL GROUP INC	$39,945,000	+7.1%	1,000,638	+2.3%	2.00%	+1.1%
CGNX	Sell	COGNEX CORP	$39,669,000	+14.5%	359,708	-11.8%	1.98%	+8.0%
POWI	Buy	POWER INTEGRATIONS INC	$38,836,000	+0.9%	530,544	+0.5%	1.94%	-4.7%
CBT	Buy	CABOT CORP	$38,038,000	+14.0%	681,692	+9.2%	1.90%	+7.6%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$37,119,000	+1.2%	756,911	-9.8%	1.86%	-4.5%
GWR	Buy	GENESEE & WYO INCcl a	$34,747,000	+224.1%	469,494	+199.5%	1.74%	+205.6%
FCB	Buy	FCB FINL HLDGS INCcl a	$32,235,000	+37.8%	667,395	+36.2%	1.61%	+30.0%
KAMN	Sell	KAMAN CORP	$31,919,000	+11.4%	572,229	-0.4%	1.60%	+5.1%
CVA	Sell	COVANTA HLDG CORP	$31,724,000	+11.2%	2,136,309	-1.2%	1.58%	+4.9%
DORM	Buy	DORMAN PRODUCTS INC	$30,940,000	-13.0%	431,996	+0.5%	1.55%	-17.9%
CHFC	Buy	CHEMICAL FINL CORP	$28,413,000	+8.6%	543,694	+0.6%	1.42%	+2.5%
CATM	Sell	CARDTRONICS PLC	$26,788,000	-31.6%	1,164,168	-2.3%	1.34%	-35.4%
RLI	Buy	RLI CORP	$26,044,000	+5.4%	454,051	+0.4%	1.30%	-0.6%
UCBI	Buy	UNITED CMNTY BKS BLAIRSVLE G	$25,549,000	+40.3%	895,187	+36.6%	1.28%	+32.3%
CCMP	Buy	CABOT MICROELECTRONICS CORP	$24,358,000	+8.8%	304,742	+0.5%	1.22%	+2.6%
SXT	Buy	SENSIENT TECHNOLOGIES CORP	$24,276,000	-4.0%	315,599	+0.5%	1.21%	-9.4%
WCN	Sell	WASTE CONNECTIONS INC	$23,220,000	-4.5%	331,899	-12.1%	1.16%	-9.9%
ALOG	Buy	ANALOGIC CORP	$20,963,000	+15.8%	250,306	+0.5%	1.05%	+9.2%
SRCI	Buy	SRC ENERGY INC	$20,869,000	+44.2%	2,158,158	+0.4%	1.04%	+36.2%
APH	Sell	AMPHENOL CORP NEW	$19,606,000	+1.3%	231,634	-11.6%	0.98%	-4.4%
TWNK	Buy	HOSTESS BRANDS INC	$19,222,000	+4.2%	1,407,190	+22.8%	0.96%	-1.6%
PDFS	Buy	PDF SOLUTIONS INC	$18,485,000	-5.5%	1,193,321	+0.4%	0.92%	-10.7%
FMC	Sell	F M C CORP	$18,149,000	+7.4%	203,217	-12.2%	0.91%	+1.3%
MTX	Buy	MINERALS TECHNOLOGIES INC	$14,759,000	-2.9%	208,905	+0.6%	0.74%	-8.4%
DLTR	Sell	DOLLAR TREE INC	$14,335,000	+9.6%	165,113	-11.7%	0.72%	+3.3%
HSIC	Buy	SCHEIN HENRY INC	$14,027,000	+5.9%	171,077	+136.4%	0.70%	-0.1%
DOOR	New	MASONITE INTL CORP	$13,881,000	–	200,595	–	0.69%	–
BWXT	Sell	BWX TECHNOLOGIES INC	$13,811,000	-0.9%	246,529	-13.8%	0.69%	-6.5%
AME	Sell	AMETEK INC NEW	$12,833,000	-3.9%	194,317	-11.9%	0.64%	-9.3%
KEYW	Buy	KEYW HLDG CORP	$12,669,000	-18.2%	1,664,802	+0.5%	0.63%	-22.8%
THR	Buy	THERMON GROUP HLDGS INC	$11,679,000	-5.6%	649,207	+0.6%	0.58%	-10.8%
OMCL	Sell	OMNICELL INC	$11,566,000	-1.5%	226,558	-16.9%	0.58%	-7.1%
AZZ	Buy	AZZ INC	$10,719,000	-12.0%	220,106	+0.8%	0.54%	-16.9%
SNPS	Sell	SYNOPSYS INC	$10,026,000	-4.8%	124,500	-13.8%	0.50%	-10.2%
MAA	Sell	MID A77AMER APT CMNTYS INC	$9,639,000	-73.2%	90,185	-73.6%	0.48%	-74.7%
LKQ	Sell	LKQ CORP	$9,309,000	-5.9%	258,648	-13.8%	0.46%	-11.3%
STE	Sell	STERIS PLC	$8,756,000	-1.0%	99,054	-8.7%	0.44%	-6.4%
AMTD	Sell	TD AMERITRADE HLDG CORP	$8,273,000	-4.7%	169,527	-16.0%	0.41%	-10.2%
SERV	Sell	SERVICEMASTER GLOBAL HLDGS I	$7,095,000	+2.8%	151,832	-13.8%	0.36%	-3.0%
COL	Sell	ROCKWELL COLLINS INC	$6,684,000	-44.0%	51,138	-55.0%	0.33%	-47.2%
CRL	Sell	CHARLES RIV LABS INTL INC	$5,770,000	+1.8%	53,413	-4.7%	0.29%	-4.0%
MKL	Sell	MARKEL CORP	$5,016,000	-5.6%	4,697	-13.7%	0.25%	-10.7%
VMI	Buy	VALMONT INDS INC	$4,055,000	+18.4%	25,651	+12.1%	0.20%	+12.2%
MA	Buy	MASTERCARD INCcl a	$3,355,000	+16.9%	23,763	+0.5%	0.17%	+10.5%
CLB	Sell	CORE LABORATORIES N V	$3,156,000	-16.3%	31,972	-14.1%	0.16%	-21.0%
ADI	Buy	ANALOG DEVICES INC	$2,925,000	+47.6%	33,947	+33.3%	0.15%	+39.0%
V	Buy	VISA INC	$2,739,000	+12.8%	26,022	+0.5%	0.14%	+6.2%
MDT	Buy	MEDTRONIC PLC	$2,652,000	+5.1%	34,102	+20.0%	0.13%	-0.7%
TECH	Sell	BIO TECHNE CORP	$2,448,000	-11.3%	20,247	-13.8%	0.12%	-16.4%
WAT	Sell	WATERS CORP	$2,320,000	-11.8%	12,926	-9.6%	0.12%	-16.5%
ORLY	New	O'REILLY AUTOMOTIVE INC	$2,153,000	–	9,996	–	0.11%	–
EOG	Buy	EOG RES INC	$1,221,000	+7.6%	12,620	+0.6%	0.06%	+1.7%
COH	Buy	COACH INC	$887,000	-14.5%	22,016	+0.5%	0.04%	-20.0%
AZO	Exit	AUTOZONE INC	$0	–	-3,147	–	-0.10%	–
KEX	Exit	KIRBY CORP	$0	–	-64,741	–	-0.23%	–

Q2 2017

			Value		Shares		↓ Weighting
CPRT	New	COPART INC	$97,707,000	–	3,073,509	–	5.17%	–
IEX	New	IDEX CORP	$88,743,000	–	785,265	–	4.70%	–
KAR	New	KAR AUCTION SVCS INC	$85,563,000	–	2,038,676	–	4.53%	–
HEIA	New	HEICO CORP NEWcl a	$83,664,000	–	1,348,325	–	4.43%	–
INGR	New	INGREDION INC	$80,639,000	–	676,441	–	4.27%	–
UGI	New	UGI CORP NEW	$72,266,000	–	1,492,781	–	3.83%	–
ENTG	New	ENTEGRIS INC	$70,777,000	–	3,224,468	–	3.75%	–
CLH	New	CLEAN HARBORS INC	$67,606,000	–	1,210,923	–	3.58%	–
ROLL	New	RBC BEARINGS INC	$66,802,000	–	656,469	–	3.54%	–
GGG	New	GRACO INC	$66,002,000	–	603,974	–	3.50%	–
WWD	New	WOODWARD INC	$56,950,000	–	842,708	–	3.02%	–
HELE	New	HELEN OF TROY CORP LTD	$49,451,000	–	525,514	–	2.62%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$42,330,000	–	446,523	–	2.24%	–
TDY	New	TELEDYNE TECHNOLOGIES INC	$40,881,000	–	320,255	–	2.16%	–
CATM	New	CARDTRONICS PLC	$39,152,000	–	1,191,480	–	2.07%	–
POWI	New	POWER INTEGRATIONS INC	$38,472,000	–	527,742	–	2.04%	–
LTXB	New	LEGACY TEX FINL GROUP INC	$37,287,000	–	977,898	–	1.98%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$37,074,000	–	1,093,319	–	1.96%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$36,662,000	–	838,748	–	1.94%	–
MAA	New	MID A77AMER APT CMNTYS INC	$35,998,000	–	341,605	–	1.91%	–
DORM	New	DORMAN PRODUCTS INC	$35,573,000	–	429,787	–	1.88%	–
CGNX	New	COGNEX CORP	$34,642,000	–	408,029	–	1.84%	–
CBT	New	CABOT CORP	$33,356,000	–	624,293	–	1.77%	–
HALO	New	HALOZYME THERAPEUTICS INC	$32,415,000	–	2,528,462	–	1.72%	–
KAMN	New	KAMAN CORP	$28,649,000	–	574,474	–	1.52%	–
CVA	New	COVANTA HLDG CORP	$28,531,000	–	2,161,461	–	1.51%	–
CHFC	New	CHEMICAL FINL CORP	$26,174,000	–	540,676	–	1.39%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$25,293,000	–	314,078	–	1.34%	–
RLI	New	RLI CORP	$24,713,000	–	452,451	–	1.31%	–
WCN	New	WASTE CONNECTIONS INC	$24,313,000	–	377,417	–	1.29%	–
FCB	New	FCB FINL HLDGS INCcl a	$23,401,000	–	490,068	–	1.24%	–
CCMP	New	CABOT MICROELECTRONICS CORP	$22,393,000	–	303,307	–	1.19%	–
PDFS	New	PDF SOLUTIONS INC	$19,552,000	–	1,188,545	–	1.04%	–
APH	New	AMPHENOL CORP NEWcl a	$19,353,000	–	262,161	–	1.02%	–
TWNK	New	HOSTESS BRANDS INC	$18,453,000	–	1,146,143	–	0.98%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$18,214,000	–	655,184	–	0.96%	–
ALOG	New	ANALOGIC CORP	$18,103,000	–	249,180	–	0.96%	–
FMC	New	F M C CORP	$16,901,000	–	231,357	–	0.90%	–
KEYW	New	KEYW HLDG CORP	$15,490,000	–	1,656,711	–	0.82%	–
MTX	New	MINERALS TECHNOLOGIES INC	$15,196,000	–	207,595	–	0.80%	–
SRCI	New	SRC ENERGY INC	$14,468,000	–	2,149,789	–	0.77%	–
BWXT	New	BWX TECHNOLOGIES INC	$13,936,000	–	285,874	–	0.74%	–
AME	New	AMETEK INC NEW	$13,356,000	–	220,498	–	0.71%	–
HSIC	New	SCHEIN HENRY INC	$13,247,000	–	72,380	–	0.70%	–
DLTR	New	DOLLAR TREE INC	$13,079,000	–	187,060	–	0.69%	–
THR	New	THERMON GROUP HLDGS INC	$12,371,000	–	645,327	–	0.66%	–
AZZ	New	AZZ INC	$12,184,000	–	218,345	–	0.64%	–
COL	New	ROCKWELL COLLINS INC	$11,933,000	–	113,561	–	0.63%	–
OMCL	New	OMNICELL INC	$11,747,000	–	272,556	–	0.62%	–
GWR	New	GENESEE & WYO INCcl a	$10,720,000	–	156,741	–	0.57%	–
SNPS	New	SYNOPSYS INC	$10,532,000	–	144,411	–	0.56%	–
LKQ	New	LKQ CORP	$9,888,000	–	300,097	–	0.52%	–
STE	New	STERIS PLC	$8,843,000	–	108,499	–	0.47%	–
AMTD	New	TD AMERITRADE HLDG CORP	$8,679,000	–	201,883	–	0.46%	–
SERV	New	SERVICEMASTER GLOBAL HLDGS I	$6,905,000	–	176,199	–	0.37%	–
CRL	New	CHARLES RIV LABS INTL INC	$5,669,000	–	56,050	–	0.30%	–
MKL	New	MARKEL CORP	$5,313,000	–	5,444	–	0.28%	–
KEX	New	KIRBY CORP	$4,328,000	–	64,741	–	0.23%	–
CLB	New	CORE LABORATORIES N V	$3,771,000	–	37,233	–	0.20%	–
VMI	New	VALMONT INDS INC	$3,424,000	–	22,891	–	0.18%	–
MA	New	MASTERCARD INCcl a	$2,871,000	–	23,643	–	0.15%	–
TECH	New	BIO TECHNE CORP	$2,759,000	–	23,484	–	0.15%	–
WAT	New	WATERS CORP	$2,629,000	–	14,301	–	0.14%	–
MDT	New	MEDTRONIC PLC	$2,523,000	–	28,424	–	0.13%	–
V	New	VISA INC	$2,428,000	–	25,892	–	0.13%	–
ADI	New	ANALOG DEVICES INC	$1,982,000	–	25,476	–	0.10%	–
AZO	New	AUTOZONE INC	$1,795,000	–	3,147	–	0.10%	–
EOG	New	EOG RES INC	$1,135,000	–	12,544	–	0.06%	–
COH	New	COACH INC	$1,037,000	–	21,905	–	0.06%	–

Q4 2016

			Value		Shares		↓ Weighting
EOG	Exit	EOG RES INC	$0	–	-7,577	–	-0.05%	–
COH	Exit	COACH INC	$0	–	-24,293	–	-0.06%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-13,117	–	-0.09%	–
VMI	Exit	VALMONT INDS INC	$0	–	-12,884	–	-0.11%	–
KEX	Exit	KIRBY CORP	$0	–	-36,687	–	-0.14%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-20,916	–	-0.15%	–
V	Exit	VISA INC	$0	–	-28,723	–	-0.15%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-28,633	–	-0.16%	–
WAT	Exit	WATERS CORP	$0	–	-15,863	–	-0.16%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-26,229	–	-0.17%	–
AZO	Exit	AUTOZONE INC	$0	–	-3,494	–	-0.17%	–
FMC	Exit	F M C CORP	$0	–	-80,038	–	-0.24%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-49,348	–	-0.26%	–
STE	Exit	STERIS PLC	$0	–	-58,295	–	-0.27%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-126,860	–	-0.28%	–
LKQ	Exit	LKQ CORP	$0	–	-130,408	–	-0.29%	–
GWR	Exit	GENESEE & WYO INCcl a	$0	–	-67,819	–	-0.29%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-81,714	–	-0.30%	–
AME	Exit	AMETEK INC NEW	$0	–	-116,987	–	-0.35%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-96,885	–	-0.36%	–
OFIX	Exit	ORTHOFIX INTL N V	$0	–	-139,665	–	-0.37%	–
HSIC	Exit	SCHEIN HENRY INC	$0	–	-40,549	–	-0.41%	–
BWXT	Exit	BWX TECHNOLOGIES INC	$0	–	-174,864	–	-0.42%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-340,647	–	-0.45%	–
OMCL	Exit	OMNICELL INC	$0	–	-206,852	–	-0.50%	–
KEYW	Exit	KEYW HLDG CORP	$0	–	-744,465	–	-0.52%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-118,106	–	-0.58%	–
MKL	Exit	MARKEL CORP	$0	–	-11,292	–	-0.66%	–
SYNT	Exit	SYNTEL INC	$0	–	-266,007	–	-0.70%	–
ASNA	Exit	ASCENA RETAIL GROUP INC	$0	–	-2,042,141	–	-0.72%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-190,347	–	-0.77%	–
GCO	Exit	GENESCO INC	$0	–	-229,205	–	-0.78%	–
AZZ	Exit	AZZ INC	$0	–	-221,952	–	-0.91%	–
MTX	Exit	MINERALS TECHNOLOGIES INC	$0	–	-211,575	–	-0.94%	–
CCMP	Exit	CABOT MICROELECTRONICS CORP	$0	–	-317,253	–	-1.05%	–
ALOG	Exit	ANALOGIC CORP	$0	–	-207,966	–	-1.15%	–
FCB	Exit	FCB FINL HLDGS INCcl a	$0	–	-482,937	–	-1.16%	–
CHFC	Exit	CHEMICAL FINL CORP	$0	–	-457,388	–	-1.26%	–
PDFS	Exit	PDF SOLUTIONS INC	$0	–	-1,130,420	–	-1.29%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-1,111,641	–	-1.38%	–
LTXB	Exit	LEGACY TEX FINL GROUP INC	$0	–	-715,318	–	-1.42%	–
EBS	Exit	EMERGENT BIOSOLUTIONS INC	$0	–	-775,420	–	-1.53%	–
CGNX	Exit	COGNEX CORP	$0	–	-463,138	–	-1.53%	–
KAMN	Exit	KAMAN CORP	$0	–	-557,956	–	-1.54%	–
SXT	Exit	SENSIENT TECHNOLOGIES CORP	$0	–	-328,902	–	-1.56%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-2,232,114	–	-1.69%	–
DORM	Exit	DORMAN PRODUCTS INC	$0	–	-449,404	–	-1.80%	–
CVA	Exit	COVANTA HLDG CORP	$0	–	-1,903,858	–	-1.84%	–
MAA	Exit	MID-AMER APT CMNTYS INC	$0	–	-319,879	–	-1.88%	–
CBT	Exit	CABOT CORP	$0	–	-594,655	–	-1.95%	–
HELE	Exit	HELEN OF TROY CORP LTD	$0	–	-366,877	–	-1.98%	–
RLI	Exit	RLI CORP	$0	–	-472,559	–	-2.02%	–
POWI	Exit	POWER INTEGRATIONS INC	$0	–	-553,272	–	-2.18%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-473,034	–	-2.25%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC	$0	–	-334,465	–	-2.26%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-872,268	–	-2.40%	–
GGG	Exit	GRACO INC	$0	–	-586,040	–	-2.72%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-594,083	–	-2.78%	–
CATM	Exit	CARDTRONICS PLC	$0	–	-1,059,724	–	-2.96%	–
WWD	Exit	WOODWARD INC	$0	–	-799,347	–	-3.13%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-685,273	–	-3.28%	–
CLH	Exit	CLEAN HARBORS INC	$0	–	-1,122,980	–	-3.38%	–
ENTG	Exit	ENTEGRIS INC	$0	–	-3,192,019	–	-3.48%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-1,060,177	–	-4.02%	–
UGI	Exit	UGI CORP NEW	$0	–	-1,434,558	–	-4.07%	–
IEX	Exit	IDEX CORP	$0	–	-768,072	–	-4.50%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-1,920,817	–	-5.19%	–
INGR	Exit	INGREDION INC	$0	–	-635,518	–	-5.30%	–
CPRT	Exit	COPART INC	$0	–	-1,579,803	–	-5.30%	–

Q3 2016

			Value		Shares		↓ Weighting
CPRT	Sell	COPART INC	$84,614,000	+7.3%	1,579,803	-1.8%	5.30%	+3.3%
INGR	Sell	INGREDION INC	$84,562,000	-0.4%	635,518	-3.2%	5.30%	-4.2%
KAR	Sell	KAR AUCTION SVCS INC	$82,902,000	+2.4%	1,920,817	-1.0%	5.19%	-1.5%
IEX	Sell	IDEX CORP	$71,868,000	+11.8%	768,072	-1.9%	4.50%	+7.7%
UGI	Sell	UGI CORP NEW	$64,899,000	-1.8%	1,434,558	-1.8%	4.07%	-5.5%
HEIA	Sell	HEICO CORP NEWcl a	$64,151,000	+10.8%	1,060,177	-1.8%	4.02%	+6.7%
ENTG	Sell	ENTEGRIS INC	$55,605,000	+18.4%	3,192,019	-1.7%	3.48%	+13.9%
CLH	Buy	CLEAN HARBORS INC	$53,881,000	-6.6%	1,122,980	+1.5%	3.38%	-10.1%
ROLL	Sell	RBC BEARINGS INC	$52,410,000	+3.5%	685,273	-1.8%	3.28%	-0.4%
WWD	Sell	WOODWARD INC	$49,943,000	+6.2%	799,347	-2.0%	3.13%	+2.2%
CATM	New	CARDTRONICS PLC	$47,264,000	–	1,059,724	–	2.96%	–
WCN	Sell	WASTE CONNECTIONS INC	$44,378,000	-11.9%	594,083	-15.1%	2.78%	-15.2%
GGG	Buy	GRACO INC	$43,367,000	-4.4%	586,040	+2.1%	2.72%	-7.9%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$38,336,000	+7.9%	872,268	-1.9%	2.40%	+3.9%
TDY	Sell	TELEDYNE TECHNOLOGIES INC	$36,099,000	+6.7%	334,465	-2.1%	2.26%	+2.7%
ESL	Buy	ESTERLINE TECHNOLOGIES CORP	$35,970,000	+32.1%	473,034	+7.8%	2.25%	+27.1%
POWI	Sell	POWER INTEGRATIONS INC	$34,873,000	+23.7%	553,272	-1.7%	2.18%	+19.1%
RLI	Sell	RLI CORP	$32,304,000	-2.5%	472,559	-1.9%	2.02%	-6.2%
HELE	Buy	HELEN OF TROY CORP LTD	$31,614,000	-13.1%	366,877	+3.7%	1.98%	-16.3%
CBT	Sell	CABOT CORP	$31,166,000	+12.5%	594,655	-2.0%	1.95%	+8.2%
MAA	Buy	MID-AMER APT CMNTYS INC	$30,065,000	-1.8%	319,879	+11.2%	1.88%	-5.5%
CVA	Buy	COVANTA HLDG CORP	$29,300,000	+25.7%	1,903,858	+34.4%	1.84%	+21.0%
DORM	Sell	DORMAN PRODUCTS INC	$28,717,000	+9.5%	449,404	-2.0%	1.80%	+5.3%
HALO	Sell	HALOZYME THERAPEUTICS INC	$26,964,000	+37.8%	2,232,114	-1.6%	1.69%	+32.6%
SXT	Sell	SENSIENT TECHNOLOGIES CORP	$24,931,000	+4.5%	328,902	-2.0%	1.56%	+0.6%
KAMN	Buy	KAMAN CORP	$24,505,000	+4.4%	557,956	+1.1%	1.54%	+0.5%
CGNX	Sell	COGNEX CORP	$24,481,000	+20.4%	463,138	-1.8%	1.53%	+15.9%
EBS	Buy	EMERGENT BIOSOLUTIONS INC	$24,449,000	+63.0%	775,420	+45.4%	1.53%	+57.0%
LTXB	Sell	LEGACY TEX FINL GROUP INC	$22,626,000	+15.6%	715,318	-1.7%	1.42%	+11.2%
THR	Sell	THERMON GROUP HLDGS INC	$21,955,000	+0.7%	1,111,641	-2.0%	1.38%	-3.0%
PDFS	Sell	PDF SOLUTIONS INC	$20,540,000	+27.1%	1,130,420	-2.2%	1.29%	+22.3%
CHFC	New	CHEMICAL FINL CORP	$20,185,000	–	457,388	–	1.26%	–
FCB	Sell	FCB FINL HLDGS INCcl a	$18,559,000	+11.2%	482,937	-1.6%	1.16%	+7.1%
ALOG	Sell	ANALOGIC CORP	$18,426,000	+9.4%	207,966	-1.9%	1.15%	+5.3%
CCMP	Sell	CABOT MICROELECTRONICS CORP	$16,786,000	+21.3%	317,253	-3.0%	1.05%	+16.8%
MTX	Buy	MINERALS TECHNOLOGIES INC	$14,956,000	+121.8%	211,575	+78.3%	0.94%	+113.4%
AZZ	Sell	AZZ INC	$14,487,000	+8.0%	221,952	-0.7%	0.91%	+4.0%
GCO	Sell	GENESCO INC	$12,483,000	-17.1%	229,205	-2.1%	0.78%	-20.2%
APH	Buy	AMPHENOL CORP NEWcl a	$12,357,000	+13.2%	190,347	+0.0%	0.77%	+9.0%
ASNA	Sell	ASCENA RETAIL GROUP INC	$11,416,000	-21.5%	2,042,141	-1.9%	0.72%	-24.5%
SYNT	Sell	SYNTEL INC	$11,148,000	-54.6%	266,007	-51.0%	0.70%	-56.3%
MKL	Sell	MARKEL CORP	$10,488,000	-10.6%	11,292	-8.3%	0.66%	-14.0%
DLTR	Buy	DOLLAR TREE INC	$9,322,000	-16.2%	118,106	+0.0%	0.58%	-19.3%
KEYW	Buy	KEYW HLDG CORP	$8,219,000	+41.5%	744,465	+27.4%	0.52%	+36.2%
OMCL	Sell	OMNICELL INC	$7,922,000	+8.9%	206,852	-2.7%	0.50%	+4.9%
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$7,160,000	–	340,647	–	0.45%	–
OFIX	Sell	ORTHOFIX INTL N V	$5,973,000	-2.7%	139,665	-3.5%	0.37%	-6.5%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$5,744,000	+10.3%	96,885	-13.4%	0.36%	+6.2%
AMTD	Buy	TD AMERITRADE HLDG CORP	$4,471,000	+23.8%	126,860	+0.0%	0.28%	+19.1%
STE	New	STERIS PLC	$4,261,000	–	58,295	–	0.27%	–
FMC	Buy	F M C CORP	$3,869,000	+5.9%	80,038	+1.5%	0.24%	+1.7%
AZO	Buy	AUTOZONE INC	$2,685,000	-3.2%	3,494	+0.0%	0.17%	-6.7%
MA	Buy	MASTERCARD INCcl a	$2,669,000	+15.6%	26,229	+0.0%	0.17%	+11.3%
WAT	Buy	WATERS CORP	$2,514,000	+12.7%	15,863	+0.0%	0.16%	+8.3%
MDT	Buy	MEDTRONIC PLC	$2,474,000	-0.4%	28,633	+0.0%	0.16%	-4.3%
V	Buy	VISA INC	$2,375,000	+11.5%	28,723	+0.0%	0.15%	+7.2%
TECH	Sell	BIO TECHNE CORP	$1,436,000	-28.6%	13,117	-26.4%	0.09%	-31.3%
COH	Buy	COACH INC	$888,000	-10.2%	24,293	+0.0%	0.06%	-12.5%
EOG	Buy	EOG RES INC	$733,000	+16.0%	7,577	+0.1%	0.05%	+12.2%
ADBE	Exit	ADOBE SYS INC	$0	–	-23,048	–	-0.14%	–
JWA	Exit	WILEY JOHN & SONS INCcl a	$0	–	-84,697	–	-0.29%	–
GB	Exit	GREATBATCH INC	$0	–	-386,481	–	-0.78%	–
TLMR	Exit	TALMER BANCORP INC	$0	–	-815,836	–	-1.02%	–
ESND	Exit	ESSENDANT INC	$0	–	-699,941	–	-1.39%	–
CATM	Exit	CARDTRONICS INC	$0	–	-1,078,770	–	-2.80%	–

Q2 2016

			Value		Shares		↓ Weighting
INGR	New	INGREDION INC	$84,939,000	–	656,353	–	5.53%	–
KAR	New	KAR AUCTION SVCS INC	$80,985,000	–	1,940,217	–	5.27%	–
CPRT	New	COPART INC	$78,828,000	–	1,608,397	–	5.13%	–
UGI	New	UGI CORP NEW	$66,121,000	–	1,461,245	–	4.30%	–
IEX	New	IDEX CORP	$64,255,000	–	782,641	–	4.18%	–
HEIA	New	HEICO CORP NEWcl a	$57,899,000	–	1,079,191	–	3.77%	–
CLH	New	CLEAN HARBORS INC	$57,679,000	–	1,106,875	–	3.75%	–
ROLL	New	RBC BEARINGS INC	$50,618,000	–	698,182	–	3.30%	–
WCN	New	WASTE CONNECTIONS INC	$50,394,000	–	699,425	–	3.28%	–
WWD	New	WOODWARD INC	$47,032,000	–	815,955	–	3.06%	–
ENTG	New	ENTEGRIS INC	$46,964,000	–	3,245,633	–	3.06%	–
GGG	New	GRACO INC	$45,342,000	–	574,021	–	2.95%	–
CATM	New	CARDTRONICS INC	$42,946,000	–	1,078,770	–	2.80%	–
HELE	New	HELEN OF TROY CORP LTD	$36,371,000	–	353,668	–	2.37%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$35,524,000	–	888,759	–	2.31%	–
TDY	New	TELEDYNE TECHNOLOGIES INC	$33,828,000	–	341,520	–	2.20%	–
RLI	New	RLI CORP	$33,136,000	–	481,773	–	2.16%	–
MAA	New	MID-AMER APT CMNTYS INC	$30,606,000	–	287,646	–	1.99%	–
POWI	New	POWER INTEGRATIONS INC	$28,194,000	–	563,099	–	1.84%	–
CBT	New	CABOT CORP	$27,713,000	–	606,951	–	1.80%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$27,233,000	–	438,956	–	1.77%	–
DORM	New	DORMAN PRODUCTS INC	$26,235,000	–	458,656	–	1.71%	–
SYNT	New	SYNTEL INC	$24,573,000	–	542,927	–	1.60%	–
SXT	New	SENSIENT TECHNOLOGIES CORP	$23,853,000	–	335,774	–	1.55%	–
KAMN	New	KAMAN CORP	$23,463,000	–	551,812	–	1.53%	–
CVA	New	COVANTA HLDG CORP	$23,304,000	–	1,416,631	–	1.52%	–
THR	New	THERMON GROUP HLDGS INC	$21,794,000	–	1,134,519	–	1.42%	–
ESND	New	ESSENDANT INC	$21,390,000	–	699,941	–	1.39%	–
CGNX	New	COGNEX CORP	$20,329,000	–	471,674	–	1.32%	–
LTXB	New	LEGACY TEX FINL GROUP INC	$19,574,000	–	727,391	–	1.27%	–
HALO	New	HALOZYME THERAPEUTICS INC	$19,571,000	–	2,267,787	–	1.27%	–
ALOG	New	ANALOGIC CORP	$16,839,000	–	211,966	–	1.10%	–
FCB	New	FCB FINL HLDGS INCcl a	$16,683,000	–	490,665	–	1.09%	–
PDFS	New	PDF SOLUTIONS INC	$16,166,000	–	1,155,560	–	1.05%	–
TLMR	New	TALMER BANCORP INC	$15,640,000	–	815,836	–	1.02%	–
GCO	New	GENESCO INC	$15,053,000	–	234,077	–	0.98%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$14,998,000	–	533,347	–	0.98%	–
ASNA	New	ASCENA RETAIN GROUP INC	$14,549,000	–	2,081,472	–	0.95%	–
CCMP	New	CABOT MICROELECTRONICS CORP	$13,841,000	–	326,913	–	0.90%	–
AZZ	New	AZZ INC	$13,413,000	–	223,629	–	0.87%	–
GB	New	GREATBATCH INC	$11,954,000	–	386,481	–	0.78%	–
MKL	New	MARKET CORP	$11,736,000	–	12,318	–	0.76%	–
DLTR	New	DOLLAR TREE INC	$11,129,000	–	118,095	–	0.72%	–
APH	New	AMPHENOL CORP NEWcl a	$10,912,000	–	190,330	–	0.71%	–
OMCL	New	OMNICELL INC	$7,275,000	–	212,534	–	0.47%	–
HSIC	New	SCHEIN HENRY INC	$7,169,000	–	40,549	–	0.47%	–
MTX	New	MINERALS TECHNOLOGIES INC	$6,742,000	–	118,694	–	0.44%	–
BWXT	New	BWX TECHNOLOGIES INC	$6,255,000	–	174,864	–	0.41%	–
OFIX	New	ORTHOFIX INTL N V	$6,139,000	–	144,792	–	0.40%	–
KEYW	New	KEYW HLDG CORP	$5,810,000	–	584,498	–	0.38%	–
AME	New	AMETEK INC NEW	$5,408,000	–	116,987	–	0.35%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$5,206,000	–	111,889	–	0.34%	–
SNPS	New	SYNOPSYS INC	$4,419,000	–	81,714	–	0.29%	–
JWA	New	WILEY JOHN & SONS INCcl a	$4,419,000	–	84,697	–	0.29%	–
COL	New	ROCKWELL COLLINS INC	$4,201,000	–	49,348	–	0.27%	–
LKQ	New	LKQ CORP	$4,134,000	–	130,408	–	0.27%	–
GWR	New	GENESEE & WYO INCcl a	$3,998,000	–	67,819	–	0.26%	–
FMC	New	F M C CORP	$3,653,000	–	78,878	–	0.24%	–
AMTD	New	TD AMERITRADE HLDG CORP	$3,612,000	–	126,843	–	0.24%	–
AZO	New	AUTOZONE INC	$2,773,000	–	3,493	–	0.18%	–
CLB	New	CORE LABORATORIES N V	$2,591,000	–	20,916	–	0.17%	–
MDT	New	MEDTRONIC PLC	$2,483,000	–	28,621	–	0.16%	–
MA	New	MASTERCARD INCcl a	$2,309,000	–	26,218	–	0.15%	–
KEX	New	KIRBY CORP	$2,289,000	–	36,687	–	0.15%	–
WAT	New	WATERS CORP	$2,230,000	–	15,857	–	0.14%	–
ADBE	New	ADOBE SYS INC	$2,208,000	–	23,048	–	0.14%	–
V	New	VISA INC	$2,130,000	–	28,712	–	0.14%	–
TECH	New	BIO TECHNE CORP	$2,011,000	–	17,832	–	0.13%	–
VMI	New	VALMONT INDS INC	$1,743,000	–	12,884	–	0.11%	–
COH	New	COACH INC	$989,000	–	24,285	–	0.06%	–
EOG	New	EOG RES INC	$632,000	–	7,573	–	0.04%	–

Q4 2015

			Value		Shares		↓ Weighting
EOG	Exit	EOG RES INC	$0	–	-7,501	–	-0.04%	–
COH	Exit	COACH INC	$0	–	-24,148	–	-0.04%	–
DCI	Exit	DONALDSON INC	$0	–	-32,182	–	-0.06%	–
VMI	Exit	VALMONT INDS INC	$0	–	-12,034	–	-0.07%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-14,571	–	-0.09%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-12,890	–	-0.09%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-21,662	–	-0.09%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-38,053	–	-0.10%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-21,063	–	-0.14%	–
KEX	Exit	KIRBY CORP	$0	–	-36,903	–	-0.15%	–
BWXT	Exit	BWX TECHNOLOGIES INC	$0	–	-89,565	–	-0.15%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-74,956	–	-0.16%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-30,839	–	-0.16%	–
V	Exit	VISA INC	$0	–	-37,211	–	-0.17%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-29,026	–	-0.17%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-49,705	–	-0.17%	–
FMC	Exit	F M C CORP	$0	–	-79,352	–	-0.17%	–
GWR	Exit	GENESEE & WYO INCcl a	$0	–	-46,440	–	-0.18%	–
TLMR	Exit	TALMER BANCORP INC	$0	–	-203,181	–	-0.22%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-44,401	–	-0.24%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-82,165	–	-0.25%	–
JWA	Exit	WILEY JOHN & SONS INCcl a	$0	–	-83,938	–	-0.27%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC	$0	–	-726,012	–	-0.28%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-112,414	–	-0.29%	–
AME	Exit	AMETEK INC NEW	$0	–	-90,296	–	-0.31%	–
SMTC	Exit	SEMTECH CORP	$0	–	-325,829	–	-0.32%	–
HSIC	Exit	SCHEIN HENRY INC	$0	–	-40,836	–	-0.35%	–
BID	Exit	SOTHEBYS	$0	–	-189,556	–	-0.39%	–
HAE	Exit	HAEMONETICS CORP	$0	–	-221,279	–	-0.46%	–
KLIC	Exit	KULICKE & SOFFA INDS INC	$0	–	-792,649	–	-0.47%	–
HELE	Exit	HELEN OF TROY CORP LTD	$0	–	-86,087	–	-0.50%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-118,597	–	-0.51%	–
FCB	Exit	FCB FINL HLDGS INCcl a	$0	–	-276,414	–	-0.58%	–
OFIX	Exit	ORTHOFIX INTL N V	$0	–	-297,318	–	-0.65%	–
KMT	Exit	KENNAMETAL INC	$0	–	-408,142	–	-0.66%	–
MKL	Exit	MARKEL CORP	$0	–	-15,545	–	-0.81%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-50,162	–	-0.81%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-263,014	–	-0.87%	–
AZZ	Exit	AZZ INC	$0	–	-286,350	–	-0.90%	–
PDFS	Exit	PDF SOLUTIONS INC	$0	–	-1,416,684	–	-0.92%	–
GCO	Exit	GENESCO INC	$0	–	-286,378	–	-1.06%	–
CCMP	Exit	CABOT MICROELECTRONICS CORP	$0	–	-462,414	–	-1.16%	–
ALOG	Exit	ANALOGIC CORP	$0	–	-232,148	–	-1.23%	–
CGNX	Exit	COGNEX CORP	$0	–	-579,249	–	-1.29%	–
KAMN	Exit	KAMAN CORP	$0	–	-635,009	–	-1.48%	–
CBT	Exit	CABOT CORP	$0	–	-726,769	–	-1.49%	–
SYNT	Exit	SYNTEL INC	$0	–	-546,664	–	-1.60%	–
LTXB	Exit	LEGACY TEX FINL GROUP INC	$0	–	-824,071	–	-1.63%	–
POWI	Exit	POWER INTEGRATIONS INC	$0	–	-638,070	–	-1.74%	–
ESND	Exit	ESSENDANT INC	$0	–	-846,336	–	-1.78%	–
DORM	Exit	DORMAN PRODUCTS INC	$0	–	-561,466	–	-1.85%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-1,401,263	–	-1.87%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-965,939	–	-1.88%	–
CVA	Exit	COVANTA HLDG CORP	$0	–	-1,735,545	–	-1.96%	–
MAA	Exit	MID-AMER APT CMNTYS INC	$0	–	-398,329	–	-2.11%	–
ASNA	Exit	ASCENA RETAIN GROUP INC	$0	–	-2,518,389	–	-2.27%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC	$0	–	-399,616	–	-2.34%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-1,093,334	–	-2.37%	–
RLI	Exit	RLI CORP	$0	–	-701,886	–	-2.43%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-538,466	–	-2.51%	–
WWD	Exit	WOODWARD INC	$0	–	-971,301	–	-2.56%	–
CATM	Exit	CARDTRONICS INC	$0	–	-1,292,656	–	-2.74%	–
GGG	Exit	GRACO INC	$0	–	-683,224	–	-2.97%	–
ENTG	Exit	ENTEGRIS INC	$0	–	-3,784,444	–	-3.23%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-855,566	–	-3.31%	–
CLH	Exit	CLEAN HARBORS INC	$0	–	-1,234,933	–	-3.52%	–
UGI	Exit	UGI CORP NEW	$0	–	-1,696,950	–	-3.83%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-1,319,509	–	-3.88%	–
CPRT	Exit	COPART INC	$0	–	-1,895,061	–	-4.04%	–
IEX	Exit	IDEX CORP	$0	–	-949,496	–	-4.39%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-1,617,237	–	-5.09%	–
INGR	Exit	INGREDION INC	$0	–	-983,864	–	-5.56%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-2,420,270	–	-5.57%	–

Q3 2015

			Value		Shares		↓ Weighting
KAR	Sell	KAR AUCTION SVCS INC	$85,920,000	-8.8%	2,420,270	-3.9%	5.57%	+5.2%
INGR	Sell	INGREDION INC	$85,901,000	+4.9%	983,864	-4.2%	5.56%	+21.0%
WCN	Sell	WASTE CONNECTIONS INC	$78,565,000	-1.3%	1,617,237	-4.2%	5.09%	+13.9%
IEX	Sell	IDEX CORP	$67,699,000	-12.3%	949,496	-3.4%	4.39%	+1.1%
CPRT	Sell	COPART INC	$62,348,000	-10.4%	1,895,061	-3.4%	4.04%	+3.4%
HEIA	Sell	HEICO CORP NEWcl a	$59,919,000	-14.0%	1,319,509	-3.8%	3.88%	-0.7%
UGI	Sell	UGI CORP NEW	$59,088,000	-3.2%	1,696,950	-4.3%	3.83%	+11.6%
CLH	Sell	CLEAN HARBORS INC	$54,300,000	-21.1%	1,234,933	-3.6%	3.52%	-9.0%
ROLL	Sell	RBC BEARINGS INC	$51,103,000	-20.7%	855,566	-4.7%	3.31%	-8.5%
ENTG	Sell	ENTEGRIS INC	$49,917,000	-10.1%	3,784,444	-0.7%	3.23%	+3.8%
GGG	Sell	GRACO INC	$45,797,000	-9.6%	683,224	-4.2%	2.97%	+4.4%
CATM	Buy	CARDTRONICS INC	$42,270,000	-4.0%	1,292,656	+8.8%	2.74%	+10.8%
WWD	Buy	WOODWARD INC	$39,532,000	-18.2%	971,301	+10.5%	2.56%	-5.6%
ESL	Sell	ESTERLINE TECHNOLOGIES CORP	$38,710,000	-24.8%	538,466	-0.2%	2.51%	-13.2%
RLI	Sell	RLI CORP	$37,572,000	-0.9%	701,886	-4.8%	2.43%	+14.4%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$36,616,000	-6.0%	1,093,334	-4.5%	2.37%	+8.5%
TDY	Sell	TELEDYNE TECHNOLOGIES INC	$36,085,000	-17.9%	399,616	-4.0%	2.34%	-5.2%
ASNA	Sell	ASCENA RETAIN GROUP INC	$35,031,000	-20.2%	2,518,389	-4.4%	2.27%	-7.9%
MAA	Sell	MID-AMER APT CMNTYS INC	$32,611,000	+7.8%	398,329	-4.1%	2.11%	+24.4%
CVA	Buy	COVANTA HLDG CORP	$30,285,000	-10.9%	1,735,545	+8.3%	1.96%	+2.8%
GNRC	Sell	GENERAC HLDGS INC	$29,065,000	-27.6%	965,939	-4.3%	1.88%	-16.4%
THR	Sell	THERMON GROUP HLDGS INC	$28,796,000	-17.4%	1,401,263	-3.2%	1.87%	-4.6%
DORM	Buy	DORMAN PRODUCTS INC	$28,573,000	+22.5%	561,466	+14.7%	1.85%	+41.3%
ESND	Sell	ESSENDANT INC	$27,447,000	-20.9%	846,336	-4.3%	1.78%	-8.7%
POWI	Sell	POWER INTEGRATIONS INC	$26,907,000	-11.1%	638,070	-4.8%	1.74%	+2.5%
LTXB	Sell	LEGACY TEX FINL GROUP INC	$25,118,000	-4.0%	824,071	-4.8%	1.63%	+10.8%
SYNT	Buy	SYNTEL INC	$24,769,000	+488.8%	546,664	+516.9%	1.60%	+580.1%
CBT	Sell	CABOT CORP	$22,937,000	-18.9%	726,769	-4.2%	1.49%	-6.5%
KAMN	Buy	KAMAN CORP	$22,765,000	-13.8%	635,009	+0.9%	1.48%	-0.5%
CGNX	Sell	COGNEX CORP	$19,909,000	-31.8%	579,249	-4.6%	1.29%	-21.3%
ALOG	Sell	ANALOGIC CORP	$19,045,000	-1.5%	232,148	-5.3%	1.23%	+13.6%
CCMP	Sell	CABOT MICROELECTRONICS CORP	$17,914,000	-34.4%	462,414	-20.2%	1.16%	-24.3%
GCO	Sell	GENESCO INC	$16,344,000	-17.6%	286,378	-4.7%	1.06%	-4.9%
PDFS	Sell	PDF SOLUTIONS INC	$14,167,000	-40.3%	1,416,684	-4.5%	0.92%	-31.1%
AZZ	Sell	AZZ INC	$13,942,000	-9.4%	286,350	-3.6%	0.90%	+4.5%
APH	Sell	AMPHENOL CORP NEWcl a	$13,403,000	-12.7%	263,014	-0.6%	0.87%	+0.7%
ORLY	Sell	O REILLY AUTOMOTIVE INC NEW	$12,541,000	-14.4%	50,162	-22.7%	0.81%	-1.3%
MKL	Sell	MARKEL CORP	$12,465,000	-2.3%	15,545	-2.4%	0.81%	+12.8%
KMT	Sell	KENNAMETAL INC	$10,159,000	-30.6%	408,142	-4.9%	0.66%	-20.0%
OFIX	Sell	ORTHOFIX INTL N V	$10,034,000	-39.5%	297,318	-40.6%	0.65%	-30.2%
FCB	Buy	FCB FINL HLDGS INCcl a	$9,017,000	+42.6%	276,414	+39.0%	0.58%	+64.5%
DLTR	Sell	DOLLAR TREE INC	$7,906,000	-16.3%	118,597	-0.8%	0.51%	-3.6%
HELE	New	HELEN OF TROY CORP LTD	$7,688,000	–	86,087	–	0.50%	–
KLIC	Sell	KULICKE & SOFFA INDS INC	$7,277,000	-48.9%	792,649	-34.8%	0.47%	-41.1%
HAE	Sell	HAEMONETICS CORP	$7,152,000	-77.2%	221,279	-70.9%	0.46%	-73.7%
BID	New	SOTHEBYS	$6,062,000	–	189,556	–	0.39%	–
SMTC	Sell	SEMTECH CORP	$4,920,000	-83.5%	325,829	-78.3%	0.32%	-80.9%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$4,536,000	-9.5%	112,414	-0.8%	0.29%	+4.6%
ARC	Sell	ARC DOCUMENT SOLUTIONS INC	$4,320,000	-25.5%	726,012	-4.8%	0.28%	-14.1%
JWA	Buy	WILEY JOHN & SONS INCcl a	$4,199,000	+23.9%	83,938	+34.7%	0.27%	+43.2%
TLMR	New	TALMER BANCORP INC	$3,383,000	–	203,181	–	0.22%	–
GWR	New	GENESEE & WYO INCcl a	$2,744,000	–	46,440	–	0.18%	–
SLH	Sell	SOLERA HOLDINGS INC	$2,684,000	-40.3%	49,705	-50.7%	0.17%	-31.2%
MA	Sell	MASTERCARD INCcl a	$2,616,000	-19.2%	29,026	-16.1%	0.17%	-7.1%
V	Sell	VISA INC	$2,592,000	+0.4%	37,211	-3.2%	0.17%	+15.9%
ADBE	Sell	ADOBE SYS INC	$2,536,000	-1.8%	30,839	-3.2%	0.16%	+13.1%
AMTD	Sell	TD AMERITRADE HLDG CORP	$2,387,000	-14.5%	74,956	-1.2%	0.16%	-1.3%
BWXT	New	BWX TECHNOLOGIES INC	$2,361,000	–	89,565	–	0.15%	–
MDT	New	MEDTRONIC PLC	$1,450,000	–	21,662	–	0.09%	–
BUD	Sell	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$1,370,000	-14.7%	12,890	-3.2%	0.09%	-1.1%
TECH	Sell	BIO TECHNE CORP	$1,347,000	-59.8%	14,571	-57.2%	0.09%	-53.7%
DCI	Sell	DONALDSON INC	$904,000	-50.8%	32,182	-37.3%	0.06%	-42.7%
COH	Sell	COACH INC	$699,000	-19.0%	24,148	-3.2%	0.04%	-6.2%
EOG	Sell	EOG RES INC	$546,000	-19.6%	7,501	-3.2%	0.04%	-7.9%
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-24,055	–	-0.27%	–
CLDPQ	Exit	CLOUD PEAK ENERGY INC	$0	–	-2,709,358	–	-0.71%	–

Q2 2015

			Value		Shares		↓ Weighting
KAR	New	KAR AUCTION SVCS INC	$94,201,000	–	2,518,736	–	5.29%	–
INGR	New	INGREDION INC	$81,924,000	–	1,026,494	–	4.60%	–
WCN	New	WASTE CONNECTIONS INC	$79,572,000	–	1,688,718	–	4.47%	–
IEX	New	IDEX CORP	$77,235,000	–	982,885	–	4.34%	–
HEIA	New	HEICO CORP NEWcl a	$69,641,000	–	1,371,697	–	3.91%	–
CPRT	New	COPART INC	$69,569,000	–	1,960,789	–	3.91%	–
CLH	New	CLEAN HARBORS INC	$68,847,000	–	1,281,104	–	3.87%	–
ROLL	New	RBC BEARINGS INC	$64,424,000	–	897,769	–	3.62%	–
UGI	New	UGI CORP NEW	$61,062,000	–	1,772,476	–	3.43%	–
ENTG	New	ENTEGRIS INC	$55,514,000	–	3,810,165	–	3.12%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$51,454,000	–	539,686	–	2.89%	–
GGG	New	GRACO INC	$50,637,000	–	712,897	–	2.84%	–
WWD	New	WOODWARD INC	$48,315,000	–	878,615	–	2.71%	–
CATM	New	CARDTRONICS INC	$44,023,000	–	1,188,215	–	2.47%	–
TDY	New	TELEDYNE TECHNOLOGIES INC	$43,929,000	–	416,349	–	2.47%	–
ASNA	New	ASCENA RETAIN GROUP INC	$43,895,000	–	2,635,572	–	2.46%	–
GNRC	New	GENERAC HLDGS INC	$40,130,000	–	1,009,556	–	2.25%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$38,945,000	–	1,145,444	–	2.19%	–
RLI	New	RLI CORP	$37,898,000	–	737,449	–	2.13%	–
THR	New	THERMON GROUP HLDGS INC	$34,858,000	–	1,448,185	–	1.96%	–
ESND	New	ESSENDANT INC	$34,694,000	–	883,933	–	1.95%	–
CVA	New	COVANTA HLDG CORP	$33,972,000	–	1,603,193	–	1.91%	–
HAE	New	HAEMONETICS CORP	$31,405,000	–	759,300	–	1.76%	–
POWI	New	POWER INTEGRATIONS INC	$30,272,000	–	670,029	–	1.70%	–
MAA	New	MID-AMER APT CMNTYS INC	$30,252,000	–	415,490	–	1.70%	–
SMTC	New	SEMTECH CORP	$29,810,000	–	1,501,775	–	1.67%	–
CGNX	New	COGNEX CORP	$29,204,000	–	607,152	–	1.64%	–
CBT	New	CABOT CORP	$28,293,000	–	758,731	–	1.59%	–
CCMP	New	CABOT MICROELECTRONICS CORP	$27,312,000	–	579,749	–	1.53%	–
KAMN	New	KAMAN CORP	$26,403,000	–	629,536	–	1.48%	–
LTXB	New	LEGACY TEX FINL GROUP INC	$26,151,000	–	865,934	–	1.47%	–
PDFS	New	PDF SOLUTIONS INC	$23,745,000	–	1,484,048	–	1.33%	–
DORM	New	DORMAN PRODUCTS INC	$23,322,000	–	489,349	–	1.31%	–
GCO	New	GENESCO INC	$19,845,000	–	300,538	–	1.11%	–
ALOG	New	ANALOGIC CORP	$19,334,000	–	245,041	–	1.09%	–
OFIX	New	ORTHOFIX INTL N V	$16,581,000	–	500,640	–	0.93%	–
AZZ	New	AZZ INC	$15,389,000	–	297,085	–	0.86%	–
APH	New	AMPHENOL CORP NEWcl a	$15,345,000	–	264,702	–	0.86%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$14,655,000	–	64,853	–	0.82%	–
KMT	New	KENNAMETAL INC	$14,647,000	–	429,274	–	0.82%	–
KLIC	New	KULICKE & SOFFA INDS INC	$14,234,000	–	1,215,563	–	0.80%	–
MKL	New	MARKEL CORP	$12,756,000	–	15,932	–	0.72%	–
CLDPQ	New	CLOUD PEAK ENERGY INC	$12,626,000	–	2,709,358	–	0.71%	–
DLTR	New	DOLLAR TREE INC	$9,448,000	–	119,609	–	0.53%	–
FCB	New	FCB FINL HLDGS INCcl a	$6,323,000	–	198,846	–	0.36%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC	$5,801,000	–	762,315	–	0.33%	–
HSIC	New	SCHEIN HENRY INC	$5,804,000	–	40,836	–	0.33%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$5,011,000	–	113,300	–	0.28%	–
AME	New	AMETEK INC NEW	$4,946,000	–	90,296	–	0.28%	–
PCP	New	PRECISION CASTPARTS CORP	$4,808,000	–	24,055	–	0.27%	–
SLH	New	SOLERA HOLDINGS INC	$4,497,000	–	100,922	–	0.25%	–
SYNT	New	SYNTEL INC	$4,207,000	–	88,608	–	0.24%	–
SNPS	New	SYNOPSYS INC	$4,162,000	–	82,165	–	0.23%	–
FMC	New	F M C CORP	$4,170,000	–	79,352	–	0.23%	–
COL	New	ROCKWELL COLLINS INC	$4,100,000	–	44,401	–	0.23%	–
JWA	New	WILEY JOHN & SONS INCcl a	$3,388,000	–	62,311	–	0.19%	–
TECH	New	BIO TECHNE CORP	$3,349,000	–	34,008	–	0.19%	–
MA	New	MASTERCARD INCcl a	$3,236,000	–	34,615	–	0.18%	–
KEX	New	KIRBY CORP	$2,829,000	–	36,903	–	0.16%	–
AMTD	New	TD AMERITRADE HLDG CORP	$2,793,000	–	75,853	–	0.16%	–
ADBE	New	ADOBE SYS INC	$2,582,000	–	31,874	–	0.14%	–
V	New	VISA INC	$2,582,000	–	38,448	–	0.14%	–
CLB	New	CORE LABORATORIES N V	$2,402,000	–	21,063	–	0.14%	–
DCI	New	DONALDSON INC	$1,837,000	–	51,308	–	0.10%	–
OII	New	OCEANEERING INTL INC	$1,773,000	–	38,053	–	0.10%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$1,607,000	–	13,321	–	0.09%	–
VMI	New	VALMONT INDS INC	$1,430,000	–	12,034	–	0.08%	–
COH	New	COACH INC	$863,000	–	24,937	–	0.05%	–
EOG	New	EOG RES INC	$679,000	–	7,752	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
DCI	Exit	DONALDSON INC	$0	–	-25,570	–	-0.06%	–
COH	Exit	COACH INC	$0	–	-41,927	–	-0.08%	–
OII	Exit	OCEANEERING INTL INC	$0	–	-26,880	–	-0.10%	–
VMI	Exit	VALMONT INDS INC	$0	–	-13,465	–	-0.10%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-20,241	–	-0.12%	–
JWA	Exit	WILEY JOHN & SONS INCcl a	$0	–	-61,195	–	-0.19%	–
V	Exit	VISA INC	$0	–	-16,445	–	-0.20%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-55,652	–	-0.22%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-58,975	–	-0.24%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-135,824	–	-0.25%	–
TWI	Exit	TITAN INTL INC ILL	$0	–	-396,984	–	-0.26%	–
AME	Exit	AMETEK INC NEW	$0	–	-97,584	–	-0.27%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-127,050	–	-0.28%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-56,045	–	-0.29%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-71,240	–	-0.31%	–
IRM	Exit	IRON MTN INC	$0	–	-189,146	–	-0.34%	–
KLIC	Exit	KULICKE & SOFFA INDS INC	$0	–	-466,080	–	-0.37%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC	$0	–	-876,587	–	-0.40%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-32,857	–	-0.44%	–
HSIC	Exit	SHEIN HENRY INC	$0	–	-68,703	–	-0.45%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-182,947	–	-0.45%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-161,726	–	-0.51%	–
PLL	Exit	PALL CORP	$0	–	-117,502	–	-0.55%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-191,350	–	-0.60%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HLDGS IN	$0	–	-339,086	–	-0.63%	–
AZZ	Exit	AZZ INC	$0	–	-308,526	–	-0.72%	–
MKL	Exit	MARKEL CORP	$0	–	-24,302	–	-0.86%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-105,581	–	-0.89%	–
ALOG	Exit	ANALOGIC CORP	$0	–	-248,869	–	-0.89%	–
PDFS	Exit	PDF SOLUTIONS INC	$0	–	-1,281,936	–	-0.90%	–
GCO	Exit	GENESCO INC	$0	–	-249,714	–	-1.04%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-196,768	–	-1.10%	–
KMT	Exit	KENNAMETAL INC	$0	–	-532,654	–	-1.23%	–
ANN	Exit	ANN INC	$0	–	-538,650	–	-1.24%	–
KAMN	Exit	KAMAN CORP	$0	–	-609,306	–	-1.34%	–
CGNX	Exit	COGNEX CORP	$0	–	-621,136	–	-1.40%	–
OFIX	Exit	ORTHOFIX INTL N V	$0	–	-842,084	–	-1.46%	–
CCMP	Exit	CABOT MICROELECTRONICS CORP	$0	–	-650,359	–	-1.51%	–
MAA	Exit	MID-AMER APT CMNTYS INC	$0	–	-440,153	–	-1.62%	–
RLI	Exit	RLI CORP	$0	–	-746,155	–	-1.81%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-1,375,493	–	-1.88%	–
USTR	Exit	UNITED STATIONERS INC	$0	–	-912,040	–	-1.92%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-1,181,770	–	-1.93%	–
ASNA	Exit	ASCENA RETAIN GROUP INC	$0	–	-2,738,364	–	-2.04%	–
CBT	Exit	CABOT CORP	$0	–	-722,080	–	-2.05%	–
POWI	Exit	POWER INTEGRATIONS INC	$0	–	-688,746	–	-2.08%	–
WWD	Exit	WOODWARD INC	$0	–	-814,864	–	-2.17%	–
HAE	Exit	HAEMONETICS CORP	$0	–	-1,144,687	–	-2.24%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-993,108	–	-2.25%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC	$0	–	-429,535	–	-2.26%	–
ENTG	Exit	ENTEGRIS INC	$0	–	-3,769,894	–	-2.42%	–
CATM	Exit	CARDTRONICS INC	$0	–	-1,261,473	–	-2.48%	–
SMTC	Exit	SEMTECH CORP	$0	–	-1,939,740	–	-2.94%	–
GGG	Exit	GRACO INC	$0	–	-728,625	–	-2.97%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-958,546	–	-3.04%	–
CVA	Exit	COVANTA HLDG CORP	$0	–	-2,569,873	–	-3.05%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-1,422,070	–	-3.20%	–
UGI	Exit	UGI CORP NEW	$0	–	-1,827,102	–	-3.48%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-561,009	–	-3.49%	–
CPRT	Exit	COPART INC	$0	–	-2,113,557	–	-3.70%	–
CLH	Exit	CLEAN HARBORS INC	$0	–	-1,407,536	–	-4.24%	–
IEX	Exit	IDEX CORP	$0	–	-1,051,955	–	-4.26%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-2,735,528	–	-4.38%	–
INGR	Exit	INGREDION INC	$0	–	-1,141,637	–	-4.84%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-1,834,721	–	-4.98%	–

Q3 2014

			Value		Shares		↓ Weighting
WCN	Sell	WASTE CONNECTIONS INC	$89,021,000	-11.6%	1,834,721	-11.5%	4.98%	+6.8%
INGR	Sell	INGREDION INC	$86,525,000	-9.7%	1,141,637	-10.6%	4.84%	+9.1%
KAR	Sell	KAR AUCTION SVCS INC	$78,318,000	-16.7%	2,735,528	-7.3%	4.38%	+0.7%
IEX	Sell	IDEX CORP	$76,130,000	-19.8%	1,051,955	-10.6%	4.26%	-3.1%
CLH	Sell	CLEAN HARBORS INC	$75,894,000	-24.8%	1,407,536	-10.4%	4.24%	-9.1%
CPRT	Sell	COPART INC	$66,186,000	-21.4%	2,113,557	-9.7%	3.70%	-5.0%
ESL	Sell	ESTERLINE TECHNOLOGIES CORP	$62,423,000	-10.9%	561,009	-7.8%	3.49%	+7.6%
UGI	Buy	UGI CORP NEW	$62,286,000	-10.4%	1,827,102	+32.8%	3.48%	+8.3%
HEIA	Sell	HEICO CORP NEWcl a	$57,309,000	-10.3%	1,422,070	-9.7%	3.20%	+8.4%
CVA	Sell	COVANTA HLDG CORP	$54,533,000	-11.1%	2,569,873	-13.7%	3.05%	+7.4%
ROLL	Sell	RBC BEARINGS INC	$54,350,000	-14.9%	958,546	-3.9%	3.04%	+2.8%
GGG	Sell	GRACO INC	$53,175,000	-16.1%	728,625	-10.2%	2.97%	+1.4%
SMTC	Sell	SEMTECH CORP	$52,664,000	-3.7%	1,939,740	-7.3%	2.94%	+16.3%
CATM	Sell	CARDTRONICS INC	$44,404,000	-8.1%	1,261,473	-11.0%	2.48%	+11.0%
ENTG	Sell	ENTEGRIS INC	$43,354,000	-16.5%	3,769,894	-0.2%	2.42%	+0.9%
TDY	Sell	TELEDYNE TECHNOLOGIES INC	$40,381,000	-10.4%	429,535	-7.4%	2.26%	+8.2%
GNRC	Buy	GENERAC HLDGS INC	$40,261,000	+1.8%	993,108	+22.4%	2.25%	+23.0%
HAE	Sell	HAEMONETICS CORP	$39,972,000	-12.7%	1,144,687	-11.8%	2.24%	+5.5%
WWD	Sell	WOODWARD INC	$38,804,000	-12.4%	814,864	-7.7%	2.17%	+5.8%
POWI	Sell	POWER INTEGRATIONS INC	$37,130,000	-14.3%	688,746	-8.5%	2.08%	+3.6%
CBT	Sell	CABOT CORP	$36,660,000	-21.8%	722,080	-10.7%	2.05%	-5.5%
ASNA	Sell	ASCENA RETAIN GROUP INC	$36,420,000	-30.5%	2,738,364	-10.6%	2.04%	-16.0%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$34,449,000	-25.6%	1,181,770	-7.2%	1.93%	-10.1%
USTR	Sell	UNITED STATIONERS INC	$34,265,000	-19.7%	912,040	-11.4%	1.92%	-2.9%
THR	Sell	THERMON GROUP HLDGS INC	$33,590,000	-12.1%	1,375,493	-5.2%	1.88%	+6.3%
RLI	Sell	RLI CORP	$32,301,000	-11.1%	746,155	-6.0%	1.81%	+7.4%
MAA	Sell	MID-AMER APT CMNTYS INC	$28,896,000	-20.4%	440,153	-11.4%	1.62%	-3.8%
CCMP	Sell	CABOT MICROELECTRONICS CORP	$26,957,000	-15.8%	650,359	-9.3%	1.51%	+1.7%
OFIX	Sell	ORTHOFIX INTL N V	$26,071,000	-21.0%	842,084	-7.5%	1.46%	-4.5%
CGNX	Sell	COGNEX CORP	$25,013,000	-3.5%	621,136	-8.0%	1.40%	+16.6%
KAMN	Sell	KAMAN CORP	$23,946,000	-14.8%	609,306	-7.4%	1.34%	+2.9%
ANN	Sell	ANN INC	$22,155,000	-7.1%	538,650	-7.1%	1.24%	+12.2%
KMT	Sell	KENNAMETAL INC	$22,004,000	-22.1%	532,654	-12.7%	1.23%	-5.9%
APH	Sell	AMPHENOL CORP NEWcl a	$19,649,000	-24.2%	196,768	-26.9%	1.10%	-8.4%
GCO	Sell	GENESCO INC	$18,666,000	-16.3%	249,714	-8.1%	1.04%	+1.2%
PDFS	Buy	PDF SOLUTIONS INC	$16,165,000	+25.2%	1,281,936	+110.6%	0.90%	+51.2%
ALOG	Buy	ANALOGIC CORP	$15,918,000	-13.3%	248,869	+6.1%	0.89%	+4.8%
ORLY	Sell	O REILLY AUTOMOTIVE INC NEW	$15,875,000	-29.7%	105,581	-29.5%	0.89%	-14.9%
MKL	Sell	MARKEL CORP	$15,460,000	-27.0%	24,302	-24.7%	0.86%	-11.7%
AZZ	Sell	AZZ INC	$12,887,000	-15.9%	308,526	-7.2%	0.72%	+1.6%
AAWW	Sell	ATLAS AIR WORLDWIDE HLDGS IN	$11,197,000	-16.2%	339,086	-6.4%	0.63%	+1.3%
DLTR	Sell	DOLLAR TREE INC	$10,729,000	-21.4%	191,350	-23.7%	0.60%	-5.1%
PLL	Sell	PALL CORP	$9,835,000	-30.5%	117,502	-29.1%	0.55%	-15.9%
SLH	Sell	SOLERA HOLDINGS INC	$9,115,000	-32.2%	161,726	-19.2%	0.51%	-18.0%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$8,121,000	-27.9%	182,947	-23.6%	0.45%	-13.0%
HSIC	Sell	SHEIN HENRY INC	$8,002,000	-31.7%	68,703	-30.5%	0.45%	-17.5%
PCP	Sell	PRECISION CASTPARTS CORP	$7,783,000	-18.5%	32,857	-13.1%	0.44%	-1.6%
ARC	Sell	ARC DOCUMENT SOLUTIONS INC	$7,100,000	+27.5%	876,587	-7.8%	0.40%	+53.9%
KLIC	Buy	KULICKE & SOFFA INDS INC	$6,632,000	+43.2%	466,080	+43.5%	0.37%	+73.4%
IRM	Sell	IRON MTN INC	$6,176,000	-49.9%	189,146	-45.6%	0.34%	-39.5%
COL	Sell	ROCKWELL COLLINS INC	$5,592,000	-29.1%	71,240	-29.5%	0.31%	-14.2%
TECH	New	BIO TECHNE CORP	$5,243,000	–	56,045	–	0.29%	–
SNPS	Sell	SYNOPSYS INC	$5,043,000	-32.6%	127,050	-34.1%	0.28%	-18.5%
AME	Sell	AMETEK INC NEW	$4,900,000	-40.5%	97,584	-38.0%	0.27%	-28.1%
TWI	Sell	TITAN INTL INC ILL	$4,692,000	-53.7%	396,984	-34.0%	0.26%	-44.0%
AMTD	Sell	TD AMERITRADE HLDG CORP	$4,532,000	-14.0%	135,824	-19.2%	0.25%	+3.7%
JWA	New	WILEY JOHN & SONS INCcl a	$3,434,000	–	61,195	–	0.19%	–
VMI	Sell	VALMONT INDS INC	$1,817,000	-59.3%	13,465	-54.2%	0.10%	-50.7%
OII	Sell	OCEANEERING INTL INC	$1,752,000	-42.8%	26,880	-31.4%	0.10%	-31.0%
DCI	Sell	DONALDSON INC	$1,039,000	-36.5%	25,570	-33.9%	0.06%	-23.7%
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-60,455	–	-0.29%	–
TECH	Exit	TECHNE CORP	$0	–	-78,525	–	-0.34%	–
HITT	Exit	HITTITE MICROWAVE CORP	$0	–	-384,495	–	-1.39%	–

Q2 2014

			Value		Shares		↓ Weighting
CLH	New	CLEAN HARBORS INC	$100,934,000	–	1,570,961	–	4.67%	–
WCN	New	WASTE CONNECTIONS INC	$100,689,000	–	2,073,921	–	4.66%	–
INGR	New	INGREDION INC	$95,819,000	–	1,276,902	–	4.43%	–
IEX	New	IDEX CORP	$94,954,000	–	1,176,045	–	4.39%	–
KAR	New	KAR AUCTION SVCS INC	$94,010,000	–	2,949,808	–	4.35%	–
CPRT	New	COPART INC	$84,204,000	–	2,341,592	–	3.90%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$70,064,000	–	608,618	–	3.24%	–
UGI	New	UGI CORP NEW	$69,479,000	–	1,375,822	–	3.22%	–
HEIA	New	HEICO CORP NEWcl a	$63,903,000	–	1,573,962	–	2.96%	–
ROLL	New	RBC BEARINGS INC	$63,867,000	–	997,143	–	2.96%	–
GGG	New	GRACO INC	$63,345,000	–	811,287	–	2.93%	–
CVA	New	COVANTA HLDG CORP	$61,350,000	–	2,976,693	–	2.84%	–
SMTC	New	SEMTECH CORP	$54,709,000	–	2,092,130	–	2.53%	–
ASNA	New	ASCENA RETAIN GROUP INC	$52,393,000	–	3,063,916	–	2.42%	–
ENTG	New	ENTEGRIS INC	$51,901,000	–	3,776,004	–	2.40%	–
CATM	New	CARDTRONICS INC	$48,320,000	–	1,417,853	–	2.24%	–
CBT	New	CABOT CORP	$46,906,000	–	808,871	–	2.17%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$46,290,000	–	1,273,090	–	2.14%	–
HAE	New	HAEMONETICS CORP	$45,772,000	–	1,297,387	–	2.12%	–
TDY	New	TELEDYNE TECHNOLOGIES INC	$45,074,000	–	463,865	–	2.09%	–
WWD	New	WOODWARD INC	$44,302,000	–	882,864	–	2.05%	–
POWI	New	POWER INTEGRATIONS INC	$43,312,000	–	752,731	–	2.00%	–
USTR	New	UNITED STATIONERS INC	$42,672,000	–	1,028,977	–	1.97%	–
GNRC	New	GENERAC HLDGS INC	$39,541,000	–	811,263	–	1.83%	–
THR	New	THERMON GROUP HLDGS INC	$38,193,000	–	1,451,100	–	1.77%	–
RLI	New	RLI CORP	$36,329,000	–	793,563	–	1.68%	–
MAA	New	MID-AMER APT CMNTYS INC	$36,285,000	–	496,718	–	1.68%	–
OFIX	New	ORTHOFIX INTL N V	$33,000,000	–	910,344	–	1.53%	–
CCMP	New	CABOT MICROELECTRONICS CORP	$32,023,000	–	717,199	–	1.48%	–
HITT	New	HITTITE MICROWAVE CORP	$29,971,000	–	384,495	–	1.39%	–
KMT	New	KENNAMETAL INC	$28,251,000	–	610,444	–	1.31%	–
KAMN	New	KAMAN CORP	$28,107,000	–	657,786	–	1.30%	–
APH	New	AMPHENOL CORP NEWcl a	$25,925,000	–	269,103	–	1.20%	–
CGNX	New	COGNEX CORP	$25,916,000	–	674,896	–	1.20%	–
ANN	New	ANN INC	$23,861,000	–	580,005	–	1.10%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$22,570,000	–	149,866	–	1.04%	–
GCO	New	GENESCO INC	$22,310,000	–	271,639	–	1.03%	–
MKL	New	MARKEL CORP	$21,165,000	–	32,282	–	0.98%	–
ALOG	New	ANALOGIC CORP	$18,352,000	–	234,561	–	0.85%	–
AZZ	New	AZZ INC	$15,328,000	–	332,641	–	0.71%	–
PLL	New	PALL CORP	$14,143,000	–	165,632	–	0.65%	–
DLTR	New	DOLLAR TREE INC	$13,656,000	–	250,760	–	0.63%	–
SLH	New	SOLERA HOLDINGS INC	$13,437,000	–	200,106	–	0.62%	–
AAWW	New	ATLAS AIR WORLDWIDE HLDGS IN	$13,356,000	–	362,431	–	0.62%	–
PDFS	New	PDF SOLUTIONS INC	$12,916,000	–	608,686	–	0.60%	–
IRM	New	IRON MTN INC	$12,316,000	–	347,406	–	0.57%	–
HSIC	New	SHEIN HENRY INC	$11,722,000	–	98,788	–	0.54%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$11,271,000	–	239,452	–	0.52%	–
TWI	New	TITAN INTL INC ILL	$10,123,000	–	601,870	–	0.47%	–
PCP	New	PRECISION CASTPARTS CORP	$9,546,000	–	37,819	–	0.44%	–
AME	New	AMETEK INC NEW	$8,230,000	–	157,419	–	0.38%	–
COL	New	ROCKWELL COLLINS INC	$7,891,000	–	100,980	–	0.36%	–
SNPS	New	SYNOPSYS INC	$7,484,000	–	192,790	–	0.35%	–
TECH	New	TECHNE CORP	$7,269,000	–	78,525	–	0.34%	–
LH	New	LABORATORY CORP AMER HLDGS	$6,191,000	–	60,455	–	0.29%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC	$5,570,000	–	950,477	–	0.26%	–
AMTD	New	TD AMERITRADE HLDG CORP	$5,268,000	–	168,024	–	0.24%	–
KLIC	New	KULICKE & SOFFA INDS INC	$4,632,000	–	324,827	–	0.21%	–
VMI	New	VALMONT INDS INC	$4,465,000	–	29,385	–	0.21%	–
MA	New	MASTERCARD INCcl a	$4,333,000	–	58,975	–	0.20%	–
ADBE	New	ADOBE SYS INC	$4,027,000	–	55,652	–	0.19%	–
V	New	VISA INC	$3,465,000	–	16,445	–	0.16%	–
OII	New	OCEANEERING INTL INC	$3,063,000	–	39,200	–	0.14%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$2,327,000	–	20,241	–	0.11%	–
DCI	New	DONALDSON INC	$1,636,000	–	38,665	–	0.08%	–
COH	New	COACH INC	$1,433,000	–	41,927	–	0.07%	–

Q4 2013

			Value		Shares		↓ Weighting
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-19,049	–	-0.06%	–
DCI	Exit	DONALDSON INC	$0	–	-39,845	–	-0.08%	–
FCN	Exit	FIT CONSULTING INC	$0	–	-44,486	–	-0.09%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-46,359	–	-0.09%	–
COH	Exit	COACH INC	$0	–	-37,587	–	-0.11%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-22,635	–	-0.12%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-51,012	–	-0.14%	–
V	Exit	VISA INC	$0	–	-16,140	–	-0.16%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-5,350	–	-0.19%	–
GCO	Exit	GENESCO INC	$0	–	-66,055	–	-0.22%	–
ARC	Exit	ARC DOCUMENT SOLUTIONS INC	$0	–	-1,131,646	–	-0.27%	–
BCR	Exit	BARD C R INC	$0	–	-48,565	–	-0.29%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-63,455	–	-0.33%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-96,700	–	-0.34%	–
TECH	Exit	TECHNE CORP	$0	–	-85,445	–	-0.36%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-89,447	–	-0.36%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-289,044	–	-0.39%	–
AME	Exit	AMETEK INC NEW	$0	–	-175,479	–	-0.42%	–
TWI	Exit	TITAL INTL INC ILL	$0	–	-581,870	–	-0.44%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-40,414	–	-0.48%	–
MAA	Exit	MID-AMER APT CMNTYS INC	$0	–	-152,086	–	-0.49%	–
AZZ	Exit	AZZ Inc	$0	–	-232,225	–	-0.50%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-252,352	–	-0.52%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-180,375	–	-0.54%	–
IRM	Exit	IRON MTN INC	$0	–	-402,878	–	-0.56%	–
SLH	Exit	SOLERA HOLDINGS INC	$0	–	-208,106	–	-0.57%	–
HSIC	Exit	SHEIN HENRY INC	$0	–	-110,188	–	-0.59%	–
RBA	Exit	RITCHIE BROS AUCTIONEERS	$0	–	-580,889	–	-0.61%	–
PLL	Exit	PALL CORP	$0	–	-180,201	–	-0.72%	–
MKL	Exit	MARKET CORP	$0	–	-29,329	–	-0.79%	–
OFIX	Exit	ORTHOFIX INTL N V	$0	–	-897,017	–	-0.97%	–
ANN	Exit	ANN INC	$0	–	-557,748	–	-1.05%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-163,652	–	-1.08%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-285,883	–	-1.15%	–
KAMN	Exit	KAMAN CORP	$0	–	-648,568	–	-1.27%	–
RLI	Exit	RLI CORP	$0	–	-281,578	–	-1.28%	–
KMT	Exit	KENNAMETAL INC	$0	–	-605,243	–	-1.43%	–
CGNX	Exit	COGNEX CORP	$0	–	-1,039,839	–	-1.69%	–
THR	Exit	THERMON GROUP HLDGS INC	$0	–	-1,445,148	–	-1.73%	–
CCMP	Exit	CABOT MICROELECTRONICS CORP	$0	–	-886,811	–	-1.77%	–
SMTC	Exit	SEMTECH CORP	$0	–	-1,171,291	–	-1.82%	–
CW	Exit	CURTISS WRIGHT CORP	$0	–	-778,875	–	-1.90%	–
HITT	Exit	HITTITE MICROWAVE CORP	$0	–	-563,793	–	-1.91%	–
WWD	Exit	WOODWARD INC	$0	–	-905,642	–	-1.92%	–
TDY	Exit	TELEDYNE TECHNOLOGIES INC	$0	–	-450,627	–	-1.98%	–
ENTG	Exit	ENTEGRIS INC	$0	–	-3,809,929	–	-2.01%	–
CBT	Exit	CABOT CORP	$0	–	-916,224	–	-2.03%	–
POWI	Exit	POWER INTEGRATIONS INC	$0	–	-751,783	–	-2.11%	–
AAWW	Exit	ATLAS AIR WORLDWIDE HLDGS IN	$0	–	-959,980	–	-2.29%	–
USTR	Exit	UNITED STATIONERS INC	$0	–	-1,023,089	–	-2.30%	–
ESL	Exit	ESTERLINE TECHNOLOGIES CORP	$0	–	-608,525	–	-2.52%	–
HAE	Exit	HAEMONETICS CORP	$0	–	-1,260,106	–	-2.61%	–
CATM	Exit	CARDTRONICS INC	$0	–	-1,395,805	–	-2.69%	–
UGI	Exit	UGI CORP NEW	$0	–	-1,378,581	–	-2.80%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-1,740,181	–	-2.94%	–
GGG	Exit	GRACO INC	$0	–	-801,213	–	-3.08%	–
CVA	Exit	COVANTA HLDG CORP	$0	–	-2,820,458	–	-3.13%	–
ASNA	Exit	ASCENA RETAIN GROUP INC	$0	–	-3,052,559	–	-3.15%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-991,751	–	-3.39%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-1,326,309	–	-3.45%	–
CPRT	Exit	COPART INC	$0	–	-2,260,846	–	-3.73%	–
IEX	Exit	IDEX CORP	$0	–	-1,157,784	–	-3.92%	–
KAR	Exit	KAR AUCTION SVCS INC	$0	–	-2,884,008	–	-4.22%	–
INGR	Exit	INGREDION INC	$0	–	-1,261,481	–	-4.33%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-2,014,718	–	-4.74%	–
CLH	Exit	CLEAN HARBORS INC	$0	–	-1,590,131	–	-4.84%	–

Q3 2013

			Value		Shares		↓ Weighting
CLH	Sell	CLEAN HARBORS INC	$93,277,000	+6.7%	1,590,131	-8.0%	4.84%	+3.5%
WCN	Sell	WASTE CONNECTIONS INC	$91,488,000	-0.7%	2,014,718	-10.1%	4.74%	-3.7%
INGR	Sell	INGREDION INC	$83,472,000	-1.1%	1,261,481	-1.9%	4.33%	-4.1%
KAR	Sell	KAR AUCTION SVCS INC	$81,358,000	+18.0%	2,884,008	-4.3%	4.22%	+14.4%
IEX	Sell	IDEX CORP	$75,545,000	+11.6%	1,157,784	-8.0%	3.92%	+8.2%
CPRT	Buy	COPART INC	$71,872,000	+13.2%	2,260,846	+9.7%	3.73%	+9.8%
HEIA	Sell	HEICO CORP NEWcl a	$66,501,000	+28.0%	1,326,309	-5.8%	3.45%	+24.1%
ROLL	Sell	RBC BEARINGS INC	$65,346,000	+21.2%	991,751	-4.4%	3.39%	+17.5%
ASNA	Sell	ASCENA RETAIN GROUP INC	$60,838,000	+8.1%	3,052,559	-5.4%	3.15%	+4.8%
CVA	Sell	COVANTA HLDG CORP	$60,301,000	+0.5%	2,820,458	-5.9%	3.13%	-2.6%
GGG	Sell	GRACO INC	$59,338,000	+10.3%	801,213	-5.9%	3.08%	+7.0%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$56,678,000	+0.1%	1,740,181	-9.6%	2.94%	-3.0%
UGI	Sell	UGI CORP NEW	$53,944,000	-4.9%	1,378,581	-4.9%	2.80%	-7.7%
CATM	Sell	CARDTRONICS INC	$51,798,000	+28.3%	1,395,805	-4.5%	2.69%	+24.5%
HAE	Buy	HAEMONETICS CORP	$50,253,000	-2.8%	1,260,106	+0.8%	2.61%	-5.7%
ESL	Sell	ESTERLINE TECHNOLOGIES CORP	$48,615,000	+8.5%	608,525	-1.8%	2.52%	+5.3%
USTR	Sell	UNITED STATIONERS INC	$44,443,000	+20.6%	1,023,089	-6.9%	2.30%	+17.0%
AAWW	Sell	ATLAS AIR WORLDWIDE HLDGS IN	$44,188,000	-3.6%	959,980	-8.3%	2.29%	-6.5%
POWI	Sell	POWER INTEGRATIONS INC	$40,717,000	+28.6%	751,783	-3.7%	2.11%	+24.7%
CBT	Sell	CABOT CORP	$39,132,000	+7.5%	916,224	-5.8%	2.03%	+4.2%
ENTG	Sell	ENTEGRIS INC	$38,709,000	+3.1%	3,809,929	-4.8%	2.01%	-0.0%
TDY	Sell	TELEDYNE TECHNOLOGIES INC	$38,272,000	+8.0%	450,627	-1.6%	1.98%	+4.8%
WWD	Sell	WOODWARD INC	$36,977,000	-1.8%	905,642	-3.8%	1.92%	-4.8%
HITT	Sell	HITTITE MICROWAVE CORP	$36,844,000	+11.4%	563,793	-1.1%	1.91%	+8.0%
CW	Sell	CURTISS WRIGHT CORP	$36,576,000	-11.1%	778,875	-29.8%	1.90%	-13.8%
SMTC	Sell	SEMTECH CORP	$35,127,000	-17.3%	1,171,291	-3.4%	1.82%	-19.8%
CCMP	Sell	CABOT MICROELECTRONICS CORP	$34,151,000	+8.0%	886,811	-7.5%	1.77%	+4.7%
THR	Buy	THERMON GROUP HLDGS INC	$33,397,000	+43.4%	1,445,148	+26.6%	1.73%	+39.1%
CGNX	Buy	COGNEX CORP	$32,537,000	+26.0%	1,039,839	+82.1%	1.69%	+22.2%
KMT	Sell	KENNAMETAL INC	$27,599,000	+7.5%	605,243	-8.5%	1.43%	+4.2%
RLI	Sell	RLI CORP	$24,616,000	+9.5%	281,578	-4.3%	1.28%	+6.2%
KAMN	Sell	KAMAN CORP	$24,555,000	+6.8%	648,568	-2.5%	1.27%	+3.6%
APH	Sell	AMPHENOL CORP NEWcl a	$22,122,000	-24.2%	285,883	-23.7%	1.15%	-26.5%
ORLY	Sell	O REILLY AUTOMOTIVE INC NEW	$20,880,000	-11.3%	163,652	-21.7%	1.08%	-14.0%
ANN	Sell	ANN INC	$20,202,000	+5.2%	557,748	-3.6%	1.05%	+1.9%
OFIX	Buy	ORTHOFIX INTL N V	$18,631,000	-9.0%	897,017	+17.9%	0.97%	-11.7%
MKL	Sell	MARKET CORP	$15,186,000	-15.2%	29,329	-13.7%	0.79%	-17.8%
PLL	Sell	PALL CORP	$13,883,000	-7.3%	180,201	-20.1%	0.72%	-10.1%
RBA	Sell	RITCHIE BROS AUCTIONEERS	$11,722,000	-0.2%	580,889	-4.9%	0.61%	-3.2%
HSIC	Sell	SHEIN HENRY INC	$11,434,000	-15.6%	110,188	-22.1%	0.59%	-18.1%
SLH	Sell	SOLERA HOLDINGS INC	$11,003,000	-23.6%	208,106	-19.6%	0.57%	-25.8%
IRM	Sell	IRON MTN INC	$10,886,000	-18.9%	402,878	-20.1%	0.56%	-21.4%
DLTR	Sell	DOLLAR TREE INC	$10,310,000	-14.5%	180,375	-23.9%	0.54%	-17.1%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$10,008,000	-17.2%	252,352	-23.0%	0.52%	-19.7%
AZZ	New	AZZ Inc	$9,721,000	–	232,225	–	0.50%	–
MAA	Sell	MID-AMER APT CMNTYS INC	$9,505,000	-11.4%	152,086	-3.9%	0.49%	-14.1%
PCP	Sell	PRECISION CASTPARTS CORP	$9,184,000	-18.1%	40,414	-18.6%	0.48%	-20.7%
TWI	Sell	TITAL INTL INC ILL	$8,519,000	-17.1%	581,870	-4.4%	0.44%	-19.5%
AME	Sell	AMETEK INC NEW	$8,076,000	-10.6%	175,479	-17.9%	0.42%	-13.3%
AMTD	Sell	TD AMERITRADE HLDG CORP	$7,567,000	-16.0%	289,044	-22.1%	0.39%	-18.7%
TIF	Sell	TIFFANY & CO NEW	$6,853,000	-21.4%	89,447	-25.3%	0.36%	-23.8%
TECH	Sell	TECHNE CORP	$6,841,000	-15.6%	85,445	-27.1%	0.36%	-18.0%
COL	Sell	ROCKWELL COLLINS INC	$6,562,000	-19.0%	96,700	-24.3%	0.34%	-21.5%
LH	Sell	LABORATORY CORP AMER HLDGS	$6,291,000	-14.8%	63,455	-14.0%	0.33%	-17.5%
BCR	Sell	BARD C R INC	$5,595,000	-12.9%	48,565	-17.9%	0.29%	-15.7%
ARC	Sell	ARC DOCUMENT SOLUTIONS INC	$5,194,000	+10.6%	1,131,646	-3.7%	0.27%	+7.2%
GCO	New	GENESCO INC	$4,332,000	–	66,055	–	0.22%	–
MA	Sell	MASTERCARD INCcl a	$3,599,000	+7.7%	5,350	-8.0%	0.19%	+4.5%
V	Buy	VISA INC	$3,084,000	+5.0%	16,140	+0.4%	0.16%	+1.9%
ADBE	Buy	ADOBE SYS INC	$2,650,000	+14.5%	51,012	+0.4%	0.14%	+10.5%
BUD	Buy	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$2,245,000	+10.4%	22,635	+0.4%	0.12%	+6.4%
COH	Buy	COACH INC	$2,050,000	+10.8%	37,587	+16.0%	0.11%	+7.1%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$1,751,000	-9.1%	46,359	-5.6%	0.09%	-11.7%
FCN	Sell	FIT CONSULTING INC	$1,682,000	-81.2%	44,486	-83.6%	0.09%	-81.8%
DCI	Sell	DONALDSON INC	$1,519,000	-9.4%	39,845	-15.3%	0.08%	-12.2%
DVN	Buy	DEVON ENERGY CORP NEW	$1,100,000	+11.8%	19,049	+0.4%	0.06%	+7.5%
IPHS	Exit	INNOPHOS HOLDINGS INC	$0	–	-56,636	–	-0.14%	–
DW	Exit	DREW INDS INC	$0	–	-86,307	–	-0.18%	–
NBR	Exit	NABORS INDUSTRIES LTD	$0	–	-236,205	–	-0.19%	–
IPI	Exit	INTREPID POTASH INC	$0	–	-954,819	–	-0.97%	–

Q2 2013

			Value		Shares		↓ Weighting
WCN	New	WASTE CONNECTIONS INC	$92,166,000	–	2,240,298	–	4.93%	–
CLH	New	CLEAN HARBORS INC	$87,383,000	–	1,729,326	–	4.67%	–
INGR	New	INGREDION INC	$84,377,000	–	1,285,844	–	4.51%	–
KAR	New	KAR AUCTION SVCS INC	$68,945,000	–	3,014,638	–	3.69%	–
IEX	New	IDEX CORP	$67,690,000	–	1,257,948	–	3.62%	–
CPRT	New	COPART INC	$63,475,000	–	2,060,892	–	3.39%	–
CVA	New	COVANTA HLDG CORP	$60,014,000	–	2,997,693	–	3.21%	–
UGI	New	UGI CORP NEW	$56,696,000	–	1,449,651	–	3.03%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$56,649,000	–	1,925,511	–	3.03%	–
ASNA	New	ASCENA RETAIL GROUP INC	$56,299,000	–	3,226,294	–	3.01%	–
ROLL	New	RBC BEARINGS INC	$53,912,000	–	1,037,771	–	2.88%	–
GGG	New	GRACO INC	$53,797,000	–	851,083	–	2.88%	–
HEIA	New	HEICO CORP NEWcl a	$51,971,000	–	1,408,034	–	2.78%	–
HAE	New	HAEMONETICS CORP	$51,681,000	–	1,249,846	–	2.76%	–
AAWW	New	ATLAS AIR WORLDWIDE HLDGS IN	$45,828,000	–	1,047,260	–	2.45%	–
ESL	New	ESTERLINE TECHNOLOGIES CORP	$44,787,000	–	619,550	–	2.40%	–
SMTC	New	SEMTECH CORP	$42,456,000	–	1,211,976	–	2.27%	–
CW	New	CURTISS WRIGHT CORP	$41,123,000	–	1,109,640	–	2.20%	–
CATM	New	CARDTRONICS INC	$40,358,000	–	1,462,237	–	2.16%	–
WWD	New	WOODWARD INC	$37,644,000	–	941,107	–	2.01%	–
ENTG	New	ENTEGRIS INC	$37,557,000	–	4,001,864	–	2.01%	–
USTR	New	UNITED STATIONERS INC	$36,850,000	–	1,098,374	–	1.97%	–
CBT	New	CABOT CORP	$36,408,000	–	972,954	–	1.95%	–
TDY	New	TELEDYNE TECHNOLOGIES INC	$35,423,000	–	457,957	–	1.89%	–
HITT	New	HITTITE MICROWAVE CORP	$33,061,000	–	570,013	–	1.77%	–
POWI	New	POWER INTEGRATIONS INC	$31,664,000	–	780,673	–	1.69%	–
CCMP	New	CABOT MICROELECTRONICS CORP	$31,635,000	–	958,351	–	1.69%	–
APH	New	AMPHENOL CORP NEWcl a	$29,194,000	–	374,566	–	1.56%	–
CGNX	New	COGNEX CORP	$25,820,000	–	570,992	–	1.38%	–
KMT	New	KENNAMETAL INC	$25,685,000	–	661,473	–	1.37%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$23,551,000	–	209,122	–	1.26%	–
THR	New	THERMON GROUP HLDGS INC	$23,282,000	–	1,141,265	–	1.24%	–
KAMN	New	KAMAN CORP	$22,985,000	–	665,078	–	1.23%	–
RLI	New	RLI CORP	$22,488,000	–	294,308	–	1.20%	–
OFIX	New	ORTHOFIX INTL N V	$20,465,000	–	760,767	–	1.09%	–
ANN	New	ANN INC	$19,204,000	–	578,428	–	1.03%	–
IPI	New	INTREPID POTASH INC	$18,189,000	–	954,819	–	0.97%	–
MKL	New	MARKEL CORP	$17,909,000	–	33,987	–	0.96%	–
PLL	New	PALL CORP	$14,975,000	–	225,431	–	0.80%	–
SLH	New	SOLERA HOLDINGS INC	$14,404,000	–	258,826	–	0.77%	–
HSIC	New	SCHEIN HENRY INC	$13,549,000	–	141,518	–	0.72%	–
IRM	New	IRON MTN INC	$13,424,000	–	504,472	–	0.72%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$12,080,000	–	327,912	–	0.65%	–
DLTR	New	DOLLAR TREE INC	$12,056,000	–	237,145	–	0.64%	–
RBA	New	RITCHIE BROS AUCTIONEERS	$11,742,000	–	610,919	–	0.63%	–
PCP	New	PRECISION CASTPARTS CORP	$11,219,000	–	49,639	–	0.60%	–
MAA	New	MID-AMER APT CMNTYS INC	$10,726,000	–	158,271	–	0.57%	–
TWI	New	TITAN INTL INC ILL	$10,271,000	–	608,840	–	0.55%	–
AME	New	AMETEK INC NEW	$9,037,000	–	213,629	–	0.48%	–
AMTD	New	TD AMERITRADE HLDG CORP	$9,008,000	–	370,869	–	0.48%	–
FCN	New	FTI CONSULTING INC	$8,943,000	–	271,894	–	0.48%	–
TIF	New	TIFFANY & CO NEW	$8,720,000	–	119,717	–	0.47%	–
TECH	New	TECHNE CORP	$8,102,000	–	117,285	–	0.43%	–
COL	New	ROCKWELL COLLINS INC	$8,099,000	–	127,720	–	0.43%	–
LH	New	LABORATORY CORP AMER HLDGS	$7,386,000	–	73,790	–	0.40%	–
BCR	New	BARD C R INC	$6,427,000	–	59,135	–	0.34%	–
ARC	New	ARC DOCUMENT SOLUTIONS INC	$4,698,000	–	1,174,561	–	0.25%	–
NBR	New	NABORS INDUSTRIES LTD	$3,616,000	–	236,205	–	0.19%	–
DW	New	DREW INDS INC	$3,394,000	–	86,307	–	0.18%	–
MA	New	MASTERCARD INCcl a	$3,342,000	–	5,818	–	0.18%	–
V	New	VISA INC	$2,937,000	–	16,070	–	0.16%	–
IPHS	New	INNOPHOS HOLDINGS INC	$2,672,000	–	56,636	–	0.14%	–
ADBE	New	ADOBE SYS INC	$2,314,000	–	50,792	–	0.12%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$2,034,000	–	22,540	–	0.11%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$1,926,000	–	49,129	–	0.10%	–
COH	New	COACH INC	$1,850,000	–	32,402	–	0.10%	–
DCI	New	DONALDSON INC	$1,677,000	–	47,040	–	0.09%	–
DVN	New	DEVON ENERGY CORP NEW	$984,000	–	18,974	–	0.05%	–

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