ARBOR CAPITAL MANAGEMENT LLC Activity Q4 1999-Q2 2016

Q2 2016

			Value		Shares		↓ Weighting
MKTX	New	MARKETAXESS HOLDINGS INC.	$5,197,000	–	35,743	–	2.74%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP.	$5,088,000	–	83,109	–	2.68%	–
EEFT	New	EURONET WORLDWIDE INC.	$4,207,000	–	60,804	–	2.22%	–
MANH	New	MANHATTAN ASSOCIATES INC.	$3,985,000	–	62,137	–	2.10%	–
CMD	New	CANTEL MEDICAL CORP	$3,837,000	–	55,834	–	2.02%	–
WOOF	New	VCA INC.	$3,757,000	–	55,565	–	1.98%	–
PVTB	New	PRIVATEBANCORP INC.	$3,712,000	–	84,316	–	1.96%	–
ULTI	New	ULTIMATE SOFTWARE GROUP INC	$3,691,000	–	17,551	–	1.94%	–
TYL	New	TYLER TECHNOLOGIES INC.	$3,649,000	–	21,888	–	1.92%	–
VASC	New	VASCULAR SOLUTIONS INC.	$3,519,000	–	84,477	–	1.85%	–
LFUS	New	LITTELFUSE INC.	$3,497,000	–	29,584	–	1.84%	–
CENT	New	CENTRAL GARDEN & PET CO	$3,475,000	–	152,206	–	1.83%	–
WAL	New	WESTERN ALLIANCE BANCORP	$3,350,000	–	102,599	–	1.76%	–
DLX	New	DELUXE CORP.	$3,305,000	–	49,799	–	1.74%	–
KNL	New	KNOLL INC.	$3,301,000	–	135,965	–	1.74%	–
WBMD	New	WebMD HEALTH CORP.	$3,296,000	–	56,727	–	1.74%	–
CBM	New	CAMBREX CORP.	$3,224,000	–	62,332	–	1.70%	–
IIVI	New	II-VI INC.	$3,174,000	–	169,196	–	1.67%	–
ARGO	New	ARGO GROUP INTERNATIONAL	$3,107,000	–	59,862	–	1.64%	–
HCSG	New	HEALTHCARE SERVICES GROUP	$3,058,000	–	73,892	–	1.61%	–
NEOG	New	NEOGEN CORP	$3,048,000	–	54,193	–	1.61%	–
CVCO	New	CAVCO INDUSTRIES INC.	$2,925,000	–	31,221	–	1.54%	–
CASY	New	CASEY'S GENERAL STORES INC.	$2,914,000	–	22,159	–	1.54%	–
MIDD	New	MIDDLEBY CORP	$2,911,000	–	25,258	–	1.53%	–
RBA	New	RITCHIE BROS. AUCTIONEERS	$2,895,000	–	85,712	–	1.52%	–
SYKE	New	SYKES ENTERPRISES INC COM	$2,844,000	–	98,206	–	1.50%	–
IDCC	New	INTERDIGITAL INC.	$2,832,000	–	50,856	–	1.49%	–
MPWR	New	MONOLITHIC POWER SYSTEMS INC.	$2,788,000	–	40,814	–	1.47%	–
PRXL	New	PAREXEL INTERNATIONAL CORP	$2,761,000	–	43,906	–	1.46%	–
INGN	New	INOGEN INC.	$2,701,000	–	53,900	–	1.42%	–
VEEV	New	VEEVA SYSTEMS INC	$2,689,000	–	78,817	–	1.42%	–
AZPN	New	ASPEN TECHNOLOGY	$2,632,000	–	65,412	–	1.39%	–
EBS	New	EMERGENT BIOSOLUTIONS INC.	$2,615,000	–	93,000	–	1.38%	–
SMG	New	THE SCOTTS MIRACLE-GRO CO.	$2,562,000	–	36,650	–	1.35%	–
BJRI	New	BJ's RESTAURANTS, INC.	$2,552,000	–	58,225	–	1.34%	–
OMCL	New	OMNICELL INC	$2,545,000	–	74,339	–	1.34%	–
PLAY	New	DAVE & BUSTER'S ENTERTAINMENT	$2,480,000	–	53,012	–	1.31%	–
EGBN	New	EAGLE BANCORP, INC	$2,474,000	–	51,429	–	1.30%	–
RUTH	New	RUTH'S HOSPITALITY GROUP INC	$2,455,000	–	153,921	–	1.29%	–
RP	New	REALPAGE INC.	$2,447,000	–	109,572	–	1.29%	–
HQY	New	HEALTHEQUITY INC.	$2,408,000	–	79,240	–	1.27%	–
DORM	New	DORMAN PRODUCTS INC.	$2,406,000	–	42,063	–	1.27%	–
VCRA	New	VOCERA COMMUNICATIONS INC.	$2,383,000	–	185,445	–	1.26%	–
JNS	New	JANUS CAPITAL GROUP INC.	$2,316,000	–	166,397	–	1.22%	–
TEN	New	TENNECO INC.	$2,309,000	–	49,530	–	1.22%	–
PZZA	New	PAPA JOHNS INTL INC	$2,211,000	–	32,510	–	1.16%	–
RGEN	New	REPLIGEN CORP	$2,198,000	–	80,346	–	1.16%	–
RTEC	New	RUDOLPH TECHNOLOGIES INC	$2,161,000	–	139,175	–	1.14%	–
GMED	New	GLOBUS MEDICAL INC.	$2,150,000	–	90,214	–	1.13%	–
GPN	New	GLOBAL PAYMENTS INC.	$2,133,000	–	29,877	–	1.12%	–
TPX	New	TEMPUR-PEDIC INTERNATIONAL INC	$2,087,000	–	37,729	–	1.10%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$2,080,000	–	43,360	–	1.10%	–
LPNT	New	LIFEPOINT HEALTH, INC.	$2,012,000	–	30,777	–	1.06%	–
AVD	New	AMERICAN VANGUARD CORP.	$2,009,000	–	132,967	–	1.06%	–
MNRO	New	MONRO MUFFLER BRAKE INC.	$2,006,000	–	31,561	–	1.06%	–
VMI	New	VALMONT INDUSTRIES INC.	$1,982,000	–	14,653	–	1.04%	–
CPS	New	COOPER-STANDARD HOLDING	$1,943,000	–	24,600	–	1.02%	–
AMWD	New	AMERICAN WOODMARK CORP.	$1,920,000	–	28,921	–	1.01%	–
LOPE	New	GRAND CANYON EDUCATION INC.	$1,838,000	–	46,045	–	0.97%	–
IDTI	New	INTEGRATED DEVICE TECH INC.	$1,828,000	–	90,833	–	0.96%	–
HXL	New	HEXCEL CORP	$1,774,000	–	42,609	–	0.94%	–
HLS	New	HEALTHSOUTH CORP.	$1,752,000	–	45,136	–	0.92%	–
ACOR	New	ACORDA THERAPEUTICS INC	$1,499,000	–	58,783	–	0.79%	–
TTSH	New	TILE SHOP HLDGS INC	$1,500,000	–	75,447	–	0.79%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP.	$1,479,000	–	79,261	–	0.78%	–
ADRO	New	ADURO BIOTECH INC	$1,478,000	–	130,639	–	0.78%	–
SHLM	New	SCHULMAN (A.) INC	$1,401,000	–	57,356	–	0.74%	–
CRZO	New	CARRIZO OIL & GAS INC.	$1,368,000	–	38,157	–	0.72%	–
HSNI	New	HSN INC.	$1,291,000	–	26,394	–	0.68%	–
DEPO	New	DEPOMED INC.	$1,261,000	–	64,296	–	0.66%	–
DECK	New	DECKERS OUTDOOR CORP	$1,223,000	–	21,256	–	0.64%	–
INVA	New	INNOVIVA INC	$1,116,000	–	105,946	–	0.59%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$1,005,000	–	63,060	–	0.53%	–
CTRN	New	CITI TRENDS INC	$882,000	–	56,825	–	0.46%	–
ZUMZ	New	ZUMIEZ INC	$874,000	–	61,046	–	0.46%	–

Q4 2015

			Value		Shares		↓ Weighting
	Exit	John Wood Group PLC	$0	–	-27,980	–	-0.05%	–
	Exit	BBA Aviation Plc	$0	–	-98,415	–	-0.06%	–
	Exit	Whitecap Resources Inc.	$0	–	-33,600	–	-0.06%	–
	Exit	Carsales.Com Limited	$0	–	-43,350	–	-0.07%	–
	Exit	Cominar Real Estate Investment	$0	–	-28,900	–	-0.07%	–
	Exit	Artis Real Estate Investment T	$0	–	-34,325	–	-0.08%	–
	Exit	Totetsu Kogyo Co., Ltd.	$0	–	-16,200	–	-0.08%	–
	Exit	Duluxgroup Limited	$0	–	-79,450	–	-0.08%	–
	Exit	Greene King plc	$0	–	-28,900	–	-0.08%	–
	Exit	Go-Ahead Group plc	$0	–	-9,025	–	-0.08%	–
	Exit	Stantec Inc.	$0	–	-14,450	–	-0.08%	–
	Exit	Toromont Industries Ltd.	$0	–	-15,500	–	-0.08%	–
	Exit	Mapletree Logistics Trust	$0	–	-516,500	–	-0.08%	–
	Exit	Canadian Apartment Properties	$0	–	-19,875	–	-0.08%	–
	Exit	77 Bank, Ltd.	$0	–	-70,000	–	-0.08%	–
	Exit	Japan Hotel Reit Investment Co	$0	–	-550	–	-0.09%	–
	Exit	Izumi Co., Ltd.	$0	–	-10,300	–	-0.09%	–
	Exit	Phoenix Group Holdings	$0	–	-30,500	–	-0.09%	–
	Exit	Gamesa Corporacion Tecnologica	$0	–	-25,500	–	-0.09%	–
	Exit	Howden Joinery Group PLC	$0	–	-54,000	–	-0.09%	–
	Exit	UNITE Group plc	$0	–	-44,200	–	-0.09%	–
	Exit	Alps Electric Co., Ltd.	$0	–	-13,500	–	-0.09%	–
	Exit	DTS Corporation	$0	–	-18,400	–	-0.09%	–
	Exit	Gerresheimer AG	$0	–	-5,400	–	-0.10%	–
	Exit	Castellum AB	$0	–	-31,524	–	-0.10%	–
	Exit	Tsubakimoto Chain Co.	$0	–	-56,000	–	-0.10%	–
	Exit	Spark Infrastructure Group Ltd	$0	–	-310,625	–	-0.10%	–
	Exit	Britvic plc	$0	–	-41,525	–	-0.10%	–
	Exit	Durr AG	$0	–	-5,600	–	-0.10%	–
	Exit	Toyo Tire & Rubber Co., Ltd.	$0	–	-20,750	–	-0.10%	–
	Exit	Topdanmark A/S	$0	–	-18,050	–	-0.10%	–
	Exit	Nichi-Iko Pharmaceutical Co.,	$0	–	-18,000	–	-0.10%	–
	Exit	Zenkoku Hosho Co., Ltd.	$0	–	-13,900	–	-0.11%	–
	Exit	Element Financial Corporation	$0	–	-36,125	–	-0.11%	–
	Exit	Halma p.l.c.	$0	–	-42,400	–	-0.11%	–
	Exit	Plastic Omnium SA	$0	–	-18,050	–	-0.11%	–
	Exit	BillerudKorsnas AB	$0	–	-28,013	–	-0.11%	–
	Exit	Flughafen Wien AG	$0	–	-5,425	–	-0.11%	–
	Exit	Azimut Holding S.p.A.	$0	–	-21,675	–	-0.12%	–
	Exit	Jungheinrich AG Pref	$0	–	-7,009	–	-0.12%	–
	Exit	Greggs plc	$0	–	-30,525	–	-0.12%	–
	Exit	Sundrug Co., Ltd.	$0	–	-8,975	–	-0.12%	–
	Exit	Jupiter Fund Management plc	$0	–	-81,275	–	-0.12%	–
	Exit	Resorttrust, Inc.	$0	–	-21,675	–	-0.12%	–
	Exit	Wirecard AG	$0	–	-12,640	–	-0.13%	–
	Exit	Temp Holdings Co., Ltd.	$0	–	-37,800	–	-0.13%	–
	Exit	Recordati S.p.A.	$0	–	-24,475	–	-0.13%	–
	Exit	Beazley PLC	$0	–	-108,350	–	-0.13%	–
	Exit	Paysafe Group Plc	$0	–	-112,399	–	-0.13%	–
	Exit	Nolato AB Class B	$0	–	-21,925	–	-0.13%	–
	Exit	Eurofins Scientific Societe Eu	$0	–	-1,800	–	-0.14%	–
	Exit	Teleperformance SE	$0	–	-7,540	–	-0.14%	–
	Exit	Brembo S.p.A.	$0	–	-14,175	–	-0.14%	–
	Exit	Ingenico Group SA	$0	–	-5,425	–	-0.14%	–
	Exit	HEXPOL AB Class B	$0	–	-64,860	–	-0.14%	–
	Exit	Man Wah Holdings Limited	$0	–	-599,200	–	-0.15%	–
	Exit	Ashtead Group plc	$0	–	-47,997	–	-0.16%	–
	Exit	Rightmove plc	$0	–	-12,650	–	-0.16%	–
	Exit	Savills plc	$0	–	-55,346	–	-0.17%	–
	Exit	M3, Inc.	$0	–	-36,775	–	-0.17%	–
	Exit	u-blox Holding AG	$0	–	-4,100	–	-0.18%	–
	Exit	Banca IFIS S.p.A.	$0	–	-30,700	–	-0.18%	–
	Exit	WH Smith PLC	$0	–	-32,500	–	-0.18%	–
	Exit	Tsuruha Holdings Inc.	$0	–	-9,175	–	-0.18%	–
	Exit	Kose Corporation	$0	–	-8,500	–	-0.18%	–
	Exit	Pigeon Corporation	$0	–	-30,325	–	-0.18%	–
MGNX	Exit	MACROGENICS INC	$0	–	-38,512	–	-0.18%	–
	Exit	Fisher & Paykel Healthcare Cor	$0	–	-167,950	–	-0.19%	–
	Exit	Nihon M&A Center Inc.	$0	–	-21,500	–	-0.20%	–
	Exit	CCL Industries Inc. Class B	$0	–	-6,005	–	-0.21%	–
	Exit	Dollarama Inc.	$0	–	-14,455	–	-0.21%	–
	Exit	Techtronic Industries Co., Ltd	$0	–	-247,325	–	-0.22%	–
	Exit	Pandora A/S	$0	–	-8,858	–	-0.24%	–
ZUMZ	Exit	ZUMIEZ INC	$0	–	-92,546	–	-0.32%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS	$0	–	-95,460	–	-0.33%	–
CRZO	Exit	CARRIZO OIL & GAS INC.	$0	–	-57,757	–	-0.39%	–
DEPO	Exit	DEPOMED INC.	$0	–	-97,296	–	-0.41%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-32,256	–	-0.42%	–
TEN	Exit	TENNECO INC.	$0	–	-48,441	–	-0.48%	–
SAIA	Exit	SAIA INC.	$0	–	-71,231	–	-0.49%	–
GMED	Exit	GLOBUS MEDICAL INC.	$0	–	-113,497	–	-0.52%	–
ACOR	Exit	ACORDA THERAPEUTICS INC	$0	–	-89,183	–	-0.52%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-65,853	–	-0.55%	–
DHX	Exit	DHX GROUP INC.	$0	–	-340,507	–	-0.55%	–
WDAY	Exit	WORKDAY INC	$0	–	-36,644	–	-0.56%	–
CRMT	Exit	AMERICA'S CAR-MART INC.	$0	–	-77,247	–	-0.57%	–
HLS	Exit	HEALTHSOUTH CORP.	$0	–	-68,336	–	-0.58%	–
CAVM	Exit	CAVIUM INC.	$0	–	-42,845	–	-0.58%	–
ATHN	Exit	ATHENAHEALTH INC.	$0	–	-19,885	–	-0.59%	–
LOPE	Exit	GRAND CANYON EDUCATION INC.	$0	–	-69,745	–	-0.59%	–
RBA	Exit	RITCHIE BROS. AUCTIONEERS	$0	–	-104,325	–	-0.60%	–
TMH	Exit	TEAM HEALTH HOLDINGS INC	$0	–	-50,907	–	-0.61%	–
VEEV	Exit	VEEVA SYSTEMS INC	$0	–	-119,517	–	-0.62%	–
IDTI	Exit	INTEGRATED DEVICE TECH INC.	$0	–	-137,833	–	-0.62%	–
SHLM	Exit	SCHULMAN (A.) INC	$0	–	-86,956	–	-0.63%	–
TECH	Exit	BIO-TECHNO CORP	$0	–	-30,649	–	-0.63%	–
COO	Exit	COOPER COMPANIES	$0	–	-19,179	–	-0.63%	–
SWI	Exit	SOLARWINDS INC.	$0	–	-73,775	–	-0.64%	–
HQY	Exit	HEALTHEQUITY INC.	$0	–	-98,320	–	-0.64%	–
HXL	Exit	HEXCEL CORP	$0	–	-64,709	–	-0.64%	–
CNC	Exit	CENTENE CORPORATION	$0	–	-54,585	–	-0.66%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-21,941	–	-0.67%	–
HSNI	Exit	HSN INC.	$0	–	-52,745	–	-0.67%	–
FAST	Exit	FASTENAL CO	$0	–	-82,972	–	-0.68%	–
THRM	Exit	GENTHERM INC.	$0	–	-69,206	–	-0.69%	–
MPWR	Exit	MONOLITHIC POWER SYSTEMS INC.	$0	–	-61,901	–	-0.70%	–
SMG	Exit	THE SCOTTS MIRACLE-GRO CO.	$0	–	-52,275	–	-0.71%	–
FTI	Exit	FMC TECHNOLOGIES, INC.	$0	–	-102,795	–	-0.71%	–
MNRO	Exit	MONRO MUFFLER BRAKE INC.	$0	–	-48,028	–	-0.72%	–
TNC	Exit	TENNANT CO.	$0	–	-57,883	–	-0.72%	–
SBAC	Exit	SBA COMMUNICATIONS CORP.	$0	–	-31,562	–	-0.73%	–
LPNT	Exit	LIFEPOINT HEALTH, INC.	$0	–	-46,743	–	-0.74%	–
PZZA	Exit	PAPA JOHNS INTL INC	$0	–	-49,410	–	-0.75%	–
RGEN	Exit	REPLIGEN CORP	$0	–	-122,217	–	-0.76%	–
JNS	Exit	JANUS CAPITAL gOURP INC.	$0	–	-252,955	–	-0.76%	–
BJRI	Exit	BJ's RESTAURANTS, INC.	$0	–	-80,599	–	-0.77%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP	$0	–	-102,935	–	-0.77%	–
ALGT	Exit	ALLEGIANT TRAVEL CO.	$0	–	-16,239	–	-0.78%	–
LNKD	Exit	LINKEDIN CORPORATION	$0	–	-18,503	–	-0.78%	–
MKL	Exit	MARKEL CORP.	$0	–	-4,460	–	-0.79%	–
IDXX	Exit	IDEXX LABORATORIES, INC.	$0	–	-49,366	–	-0.81%	–
MHFI	Exit	MCGRAW HILL FINANCIAL INC.	$0	–	-42,636	–	-0.82%	–
NEOG	Exit	NEOGEN CORP	$0	–	-82,208	–	-0.82%	–
INGN	Exit	INOGEN INC.	$0	–	-77,400	–	-0.84%	–
AZPN	Exit	ASPEN TECHNOLOGY	$0	–	-99,451	–	-0.84%	–
ECL	Exit	ECOLAB INC.	$0	–	-34,472	–	-0.84%	–
PAHC	Exit	PHIBRO ANIMAL HEALTH CORP.	$0	–	-120,230	–	-0.84%	–
IDCC	Exit	INTERDIGITAL INC.	$0	–	-77,165	–	-0.87%	–
ARG	Exit	AIRGAS, INC.	$0	–	-44,660	–	-0.89%	–
EBS	Exit	EMERGENT BIOSULOUTIONS INC.	$0	–	-141,300	–	-0.89%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-169,274	–	-0.90%	–
TPX	Exit	TEMPUR-PEDIC INTERNATIONAL INC	$0	–	-57,309	–	-0.91%	–
LFUS	Exit	LITTELFUSE INC.	$0	–	-44,947	–	-0.91%	–
IIVI	Exit	II-VI INC.	$0	–	-256,560	–	-0.92%	–
PRXL	Exit	PAREXEL INTERNATIONAL CORP	$0	–	-66,699	–	-0.92%	–
OSIS	Exit	OSI SYSTEMS INC.	$0	–	-53,993	–	-0.92%	–
BWLD	Exit	BUFFALO WILD WINGS INC.	$0	–	-21,768	–	-0.94%	–
DLX	Exit	DELUXE CORP.	$0	–	-75,705	–	-0.94%	–
AMTD	Exit	AMERITRADE HOLDING CORP.	$0	–	-135,539	–	-0.96%	–
WOOF	Exit	VCA INC.	$0	–	-83,493	–	-0.98%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC.	$0	–	-63,859	–	-0.99%	–
PENN	Exit	PENN NATIONAL GAMING, INC	$0	–	-266,374	–	-0.99%	–
OMCL	Exit	OMNICELL INC	$0	–	-148,233	–	-1.02%	–
GB	Exit	GREATBATCH INC.	$0	–	-82,931	–	-1.04%	–
ARGO	Exit	ARGO GROUP INTERNATIONAL	$0	–	-82,696	–	-1.04%	–
CRI	Exit	CARTER'S INC	$0	–	-51,940	–	-1.05%	–
WAL	Exit	WESTERN ALLIANCE BANCORP	$0	–	-156,117	–	-1.06%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-45,656	–	-1.07%	–
CMD	Exit	CANTEL MEDICAL CORP	$0	–	-84,753	–	-1.07%	–
CASY	Exit	CASEY'S GENERAL STORES INC.	$0	–	-46,707	–	-1.07%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP.	$0	–	-126,386	–	-1.07%	–
PVTB	Exit	PRIVATEBANCORP INC.	$0	–	-128,195	–	-1.09%	–
LKQ	Exit	LKQ CORP	$0	–	-173,215	–	-1.09%	–
TYL	Exit	TYLER TECHNOLOGIES INC.	$0	–	-33,235	–	-1.10%	–
CERN	Exit	CERNER CORP.	$0	–	-83,410	–	-1.11%	–
MKTX	Exit	MARETAXESS HOLDINGS INC.	$0	–	-54,320	–	-1.12%	–
CVT	Exit	CVENT INC.	$0	–	-150,496	–	-1.12%	–
MELI	Exit	MERCADOLIBRE INC.	$0	–	-57,155	–	-1.16%	–
HPY	Exit	HEARTLAND PAYMENT SYSTEMS INC	$0	–	-83,172	–	-1.16%	–
VASC	Exit	VASCULAR SOLUTIONS INC.	$0	–	-165,336	–	-1.19%	–
LOGM	Exit	LOGMEIN INC.	$0	–	-80,653	–	-1.22%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS	$0	–	-80,581	–	-1.25%	–
MANH	Exit	MANHATTAN ASSOCIATES INC.	$0	–	-94,469	–	-1.31%	–
KMX	Exit	CARMAX, INC	$0	–	-100,337	–	-1.32%	–
WSO	Exit	WATSCO INC.	$0	–	-50,232	–	-1.32%	–
CBM	Exit	CAMBREX CORP.	$0	–	-156,743	–	-1.38%	–
FDS	Exit	FACTSET RESH SYS INC	$0	–	-40,071	–	-1.42%	–
PCLN	Exit	PRICELINE.COM INC	$0	–	-5,354	–	-1.47%	–
AMWD	Exit	AMERICAN WOODMARK CORP.	$0	–	-103,529	–	-1.49%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-92,336	–	-1.52%	–
ROL	Exit	ROLLINS INC.	$0	–	-299,640	–	-1.79%	–
SRCL	Exit	STERICYCLE INC	$0	–	-68,707	–	-2.13%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-41,134	–	-2.28%	–
ULTI	Exit	ULTIMATE SOFTWARE GROUP INC	$0	–	-62,691	–	-2.49%	–

Q3 2015

			Value		Shares		↓ Weighting
ULTI	Sell	ULTIMATE SOFTWARE GROUP INC	$11,222,000	-5.7%	62,691	-13.4%	2.49%	+10.6%
ORLY	Sell	O REILLY AUTOMOTIVE INC	$10,283,000	-12.8%	41,134	-21.1%	2.28%	+2.3%
SRCL	Sell	STERICYCLE INC	$9,572,000	-18.0%	68,707	-21.2%	2.13%	-3.8%
ROL	Sell	ROLLINS INC.	$8,051,000	-25.8%	299,640	-21.2%	1.79%	-13.0%
PCLN	Buy	PRICELINE.COM INC	$6,622,000	+13.5%	5,354	+5.7%	1.47%	+33.1%
FDS	Sell	FACTSET RESH SYS INC	$6,404,000	-22.6%	40,071	-21.3%	1.42%	-9.2%
CBM	Sell	CAMBREX CORP.	$6,220,000	-18.7%	156,743	-10.0%	1.38%	-4.6%
WSO	Sell	WATSCO INC.	$5,951,000	-13.5%	50,232	-9.7%	1.32%	+1.4%
KMX	Sell	CARMAX, INC	$5,952,000	-29.4%	100,337	-21.2%	1.32%	-17.2%
MELI	Buy	MERCADOLIBRE INC.	$5,205,000	-34.2%	57,155	+2.3%	1.16%	-22.9%
CVT	Buy	CVENT INC.	$5,066,000	+72.4%	150,496	+32.0%	1.12%	+102.0%
CERN	Sell	CERNER CORP.	$5,001,000	-48.9%	83,410	-41.2%	1.11%	-40.1%
LKQ	Sell	LKQ CORP	$4,912,000	-26.2%	173,215	-21.3%	1.09%	-13.5%
CASY	Buy	CASEY'S GENERAL STORES INC.	$4,807,000	+12.9%	46,707	+5.0%	1.07%	+32.3%
CMD	Buy	CANTEL MEDICAL CORP	$4,805,000	+21.7%	84,753	+15.2%	1.07%	+42.6%
CRI	Sell	CARTER'S INC	$4,708,000	-32.8%	51,940	-21.2%	1.05%	-21.2%
JKHY	Sell	JACK HENRY & ASSOCIATES INC.	$4,445,000	-15.2%	63,859	-21.1%	0.99%	-0.5%
WOOF	Buy	VCA INC.	$4,396,000	-3.0%	83,493	+0.3%	0.98%	+13.8%
AMTD	Sell	AMERITRADE HOLDING CORP.	$4,316,000	-31.9%	135,539	-21.2%	0.96%	-20.1%
IIVI	Buy	II-VI INC.	$4,125,000	-10.4%	256,560	+5.8%	0.92%	+5.0%
LYV	Sell	LIVE NATION ENTERTAINMENT IN	$4,069,000	-31.1%	169,274	-21.2%	0.90%	-19.2%
ARG	Sell	AIRGAS, INC.	$3,989,000	-33.5%	44,660	-21.3%	0.89%	-22.0%
PAHC	Buy	PHIBRO ANIMAL HEALTH CORP.	$3,803,000	-10.4%	120,230	+10.3%	0.84%	+5.1%
ECL	Sell	ECOLAB INC.	$3,782,000	-45.8%	34,472	-44.2%	0.84%	-36.5%
NEOG	New	NEOGEN CORP	$3,699,000	–	82,208	–	0.82%	–
MHFI	Sell	MCGRAW HILL FINANCIAL INC.	$3,688,000	-32.2%	42,636	-21.3%	0.82%	-20.5%
IDXX	New	IDEXX LABORATORIES, INC.	$3,665,000	–	49,366	–	0.81%	–
MKL	New	MARKEL CORP.	$3,576,000	–	4,460	–	0.79%	–
LNKD	Sell	LINKEDIN CORPORATION	$3,518,000	-27.5%	18,503	-21.3%	0.78%	-15.1%
LPNT	Buy	LIFEPOINT HEALTH, INC.	$3,314,000	+0.4%	46,743	+23.1%	0.74%	+17.8%
SBAC	Sell	SBA COMMUNICATIONS CORP.	$3,306,000	-28.2%	31,562	-21.2%	0.73%	-15.8%
FTI	Sell	FMC TECHNOLOGIES, INC.	$3,187,000	-41.2%	102,795	-21.3%	0.71%	-31.0%
MPWR	Sell	MONOLITHIC POWER SYSTEMS INC.	$3,169,000	-24.9%	61,901	-25.6%	0.70%	-12.0%
FAST	Sell	FASTENAL CO	$3,038,000	-31.6%	82,972	-21.2%	0.68%	-19.8%
HSNI	Buy	HSN INC.	$3,019,000	+34.2%	52,745	+64.6%	0.67%	+57.5%
CNC	Sell	CENTENE CORPORATION	$2,960,000	-43.6%	54,585	-16.4%	0.66%	-33.9%
HQY	New	HEALTHEQUITY INC.	$2,905,000	–	98,320	–	0.64%	–
COO	Sell	COOPER COMPANIES	$2,855,000	-22.5%	19,179	-7.3%	0.63%	-9.2%
TECH	Sell	BIO-TECHNO CORP	$2,834,000	-25.8%	30,649	-21.0%	0.63%	-13.1%
RBA	New	RITCHIE BROS. AUCTIONEERS	$2,700,000	–	104,325	–	0.60%	–
ATHN	Sell	ATHENAHEALTH INC.	$2,652,000	-8.3%	19,885	-21.2%	0.59%	+7.5%
WDAY	Sell	WORKDAY INC	$2,523,000	-54.5%	36,644	-49.5%	0.56%	-46.7%
MLNX	Sell	MELLANOX TECHNOLOGIES LTD	$2,489,000	-45.4%	65,853	-29.8%	0.55%	-35.9%
DEPO	Sell	DEPOMED INC.	$1,834,000	-68.8%	97,296	-64.5%	0.41%	-63.4%
AEO	Sell	AMERICAN EAGLE OUTFITTERS	$1,492,000	-60.2%	95,460	-56.2%	0.33%	-53.4%
	Buy	Techtronic Industries Co., Ltd	$975,000	+54.0%	247,325	+43.5%	0.22%	+80.8%
MGNX	New	MACROGENICS INC	$825,000	–	38,512	–	0.18%	–
	Sell	Pigeon Corporation	$816,000	-10.1%	30,325	-1.9%	0.18%	+5.2%
	Sell	Kose Corporation	$817,000	-29.1%	8,500	-25.4%	0.18%	-17.0%
	Sell	Man Wah Holdings Limited	$690,000	-6.5%	599,200	-13.7%	0.15%	+9.3%
	Sell	Paysafe Group Plc	$593,000	-2.1%	112,399	-17.0%	0.13%	+14.8%
	New	Temp Holdings Co., Ltd.	$591,000	–	37,800	–	0.13%	–
	New	Jungheinrich AG Pref	$524,000	–	7,009	–	0.12%	–
	New	BillerudKorsnas AB	$498,000	–	28,013	–	0.11%	–
	New	Halma p.l.c.	$488,000	–	42,400	–	0.11%	–
	Buy	Zenkoku Hosho Co., Ltd.	$478,000	+18.6%	13,900	+33.7%	0.11%	+39.5%
	New	Gerresheimer AG	$426,000	–	5,400	–	0.10%	–
	New	Alps Electric Co., Ltd.	$422,000	–	13,500	–	0.09%	–
	New	UNITE Group plc	$424,000	–	44,200	–	0.09%	–
	New	Gamesa Corporacion Tecnologica	$408,000	–	25,500	–	0.09%	–
	New	Howden Joinery Group PLC	$409,000	–	54,000	–	0.09%	–
	New	Phoenix Group Holdings	$397,000	–	30,500	–	0.09%	–
	New	Toromont Industries Ltd.	$355,000	–	15,500	–	0.08%	–
	Buy	BBA Aviation Plc	$280,000	-16.4%	98,415	+39.7%	0.06%	-1.6%
	Exit	Acerinox SA Option Right 17.06	$0	–	-24,333	–	-0.00%	–
	Exit	Bonterra Energy Corp.	$0	–	-11,750	–	-0.04%	–
	Exit	Acerinox SA	$0	–	-24,333	–	-0.06%	–
	Exit	Home Capital Group Inc.	$0	–	-13,550	–	-0.06%	–
	Exit	OSIM International Ltd	$0	–	-252,800	–	-0.06%	–
	Exit	Aberdeen Asset Management PLC	$0	–	-57,780	–	-0.06%	–
	Exit	Elementis plc	$0	–	-88,480	–	-0.07%	–
	Exit	COSMOS Pharmaceutical Corporat	$0	–	-2,625	–	-0.07%	–
	Exit	Zodiac Aerospace SA	$0	–	-11,750	–	-0.07%	–
	Exit	Bertrandt AG	$0	–	-3,605	–	-0.08%	–
	Exit	iiNet Limited	$0	–	-58,875	–	-0.08%	–
	Exit	Nihon Kohden Corporation	$0	–	-21,650	–	-0.08%	–
	Exit	Georg Fischer AG	$0	–	-900	–	-0.11%	–
SLCA	Exit	US SILICA HOLDINGS INC.	$0	–	-53,255	–	-0.30%	–
SFM	Exit	SPROUTS FARMERS MARKETS INC.	$0	–	-133,628	–	-0.68%	–
BCC	Exit	BOISE CASCADE CO	$0	–	-107,027	–	-0.74%	–
TRMB	Exit	TRIMBLE NAVIGATION LTD	$0	–	-183,449	–	-0.82%	–
VDSI	Exit	VASCO DATA SECURITY INTL	$0	–	-167,464	–	-0.96%	–
TRIP	Exit	TRIPADVISOR INC.	$0	–	-81,671	–	-1.35%	–

Q2 2015

			Value		Shares		↓ Weighting
ULTI	New	ULTIMATE SOFTWARE GROUP INC	$11,900,000	–	72,410	–	2.25%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$11,786,000	–	52,156	–	2.23%	–
SRCL	New	STERICYCLE INC	$11,671,000	–	87,158	–	2.21%	–
ROL	New	ROLLINS INC.	$10,851,000	–	380,334	–	2.06%	–
CERN	New	CERNER CORP.	$9,791,000	–	141,772	–	1.86%	–
KMX	New	CARMAX, INC	$8,431,000	–	127,331	–	1.60%	–
FDS	New	FACTSET RESH SYS INC	$8,269,000	–	50,884	–	1.57%	–
MELI	New	MERCADOLIBRE INC.	$7,915,000	–	55,858	–	1.50%	–
CBM	New	CAMBREX CORP.	$7,652,000	–	174,150	–	1.45%	–
TRIP	New	TRIPADVISOR INC.	$7,117,000	–	81,671	–	1.35%	–
CRI	New	CARTER'S INC	$7,010,000	–	65,944	–	1.33%	–
ECL	New	ECOLAB INC.	$6,983,000	–	61,754	–	1.32%	–
WSO	New	WATSCO INC.	$6,882,000	–	55,619	–	1.30%	–
LKQ	New	LKQ CORP	$6,655,000	–	220,029	–	1.26%	–
AMTD	New	AMERITRADE HOLDING CORP.	$6,335,000	–	172,047	–	1.20%	–
ARG	New	AIRGAS, INC.	$6,000,000	–	56,720	–	1.14%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$5,909,000	–	214,940	–	1.12%	–
DEPO	New	DEPOMED INC.	$5,875,000	–	273,746	–	1.11%	–
PCLN	New	PRICELINE.COM INC	$5,833,000	–	5,066	–	1.10%	–
VASC	New	VASCULAR SOLUTIONS INC.	$5,740,000	–	165,336	–	1.09%	–
EEFT	New	EURONET WORLDWIDE INC	$5,697,000	–	92,336	–	1.08%	–
AMWD	New	AMERICAN WOODMARK CORP.	$5,679,000	–	103,529	–	1.08%	–
MANH	New	MANHATTAN ASSOCIATES INC.	$5,635,000	–	94,469	–	1.07%	–
OMCL	New	OMNICELL INC	$5,590,000	–	148,233	–	1.06%	–
WDAY	New	WORKDAY INC	$5,543,000	–	72,556	–	1.05%	–
MHFI	New	MCGRAW HILL FINANCIAL INC.	$5,440,000	–	54,154	–	1.03%	–
FTI	New	FMC TECHNOLOGIES, INC.	$5,416,000	–	130,536	–	1.03%	–
WAL	New	WESTERN ALLIANCE BANCORP	$5,271,000	–	156,117	–	1.00%	–
CNC	New	CENTENE CORPORATION	$5,247,000	–	65,255	–	0.99%	–
JKHY	New	JACK HENRY & ASSOCIATES INC.	$5,239,000	–	80,971	–	0.99%	–
LOGM	New	LOGMEIN INC.	$5,201,000	–	80,653	–	0.98%	–
MIDD	New	MIDDLEBY CORP	$5,124,000	–	45,656	–	0.97%	–
PVTB	New	PRIVATEBANCORP INC.	$5,105,000	–	128,195	–	0.97%	–
VDSI	New	VASCO DATA SECURITY INTL	$5,056,000	–	167,464	–	0.96%	–
RGEN	New	REPLIGEN CORP	$5,044,000	–	122,217	–	0.96%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS	$5,036,000	–	80,581	–	0.95%	–
MKTX	New	MARETAXESS HOLDINGS INC.	$5,039,000	–	54,320	–	0.95%	–
PENN	New	PENN NATIONAL GAMING, INC	$4,888,000	–	266,374	–	0.93%	–
LNKD	New	LINKEDIN CORPORATION	$4,855,000	–	23,497	–	0.92%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP.	$4,751,000	–	126,386	–	0.90%	–
DLX	New	DELUXE CORP.	$4,694,000	–	75,705	–	0.89%	–
EBS	New	EMERGENT BIOSULOUTIONS INC.	$4,656,000	–	141,300	–	0.88%	–
IIVI	New	II-VI INC.	$4,604,000	–	242,560	–	0.87%	–
ARGO	New	ARGO GROUP INTERNATIONAL	$4,606,000	–	82,696	–	0.87%	–
SBAC	New	SBA COMMUNICATIONS CORP.	$4,603,000	–	40,040	–	0.87%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$4,558,000	–	93,813	–	0.86%	–
WOOF	New	VCA INC.	$4,530,000	–	83,264	–	0.86%	–
AZPN	New	ASPEN TECHNOLOGY	$4,530,000	–	99,451	–	0.86%	–
HPY	New	HEARTLAND PAYMENT SYSTEMS INC	$4,495,000	–	83,172	–	0.85%	–
GB	New	GREATBATCH INC.	$4,472,000	–	82,931	–	0.85%	–
FAST	New	FASTENAL CO	$4,444,000	–	105,351	–	0.84%	–
IDCC	New	INTERDIGITAL INC.	$4,390,000	–	77,165	–	0.83%	–
JNS	New	JANUS CAPITAL gOURP INC.	$4,331,000	–	252,955	–	0.82%	–
TRMB	New	TRIMBLE NAVIGATION LTD	$4,304,000	–	183,449	–	0.82%	–
TYL	New	TYLER TECHNOLOGIES INC.	$4,300,000	–	33,235	–	0.81%	–
PRXL	New	PAREXEL INTERNATIONAL CORP	$4,289,000	–	66,699	–	0.81%	–
LFUS	New	LITTELFUSE INC.	$4,265,000	–	44,947	–	0.81%	–
CASY	New	CASEY'S GENERAL STORES INC.	$4,259,000	–	44,482	–	0.81%	–
PAHC	New	PHIBRO ANIMAL HEALTH CORP.	$4,244,000	–	108,980	–	0.80%	–
MPWR	New	MONOLITHIC POWER SYSTEMS INC.	$4,221,000	–	83,231	–	0.80%	–
CMD	New	CANTEL MEDICAL CORP	$3,948,000	–	73,558	–	0.75%	–
BCC	New	BOISE CASCADE CO	$3,926,000	–	107,027	–	0.74%	–
BJRI	New	BJ's RESTAURANTS, INC.	$3,905,000	–	80,599	–	0.74%	–
TECH	New	BIO-TECHNO CORP	$3,820,000	–	38,795	–	0.72%	–
OSIS	New	OSI SYSTEMS INC.	$3,822,000	–	53,993	–	0.72%	–
CRMT	New	AMERICA'S CAR-MART INC.	$3,810,000	–	77,247	–	0.72%	–
THRM	New	GENTHERM INC.	$3,800,000	–	69,206	–	0.72%	–
SHLM	New	SCHULMAN (A.) INC	$3,802,000	–	86,956	–	0.72%	–
TNC	New	TENNANT CO.	$3,782,000	–	57,883	–	0.72%	–
TPX	New	TEMPUR-PEDIC INTERNATIONAL INC	$3,777,000	–	57,309	–	0.72%	–
AEO	New	AMERICAN EAGLE OUTFITTERS	$3,752,000	–	217,900	–	0.71%	–
PZZA	New	PAPA JOHNS INTL INC	$3,736,000	–	49,410	–	0.71%	–
COO	New	COOPER COMPANIES	$3,684,000	–	20,699	–	0.70%	–
SFM	New	SPROUTS FARMERS MARKETS INC.	$3,605,000	–	133,628	–	0.68%	–
INGN	New	INOGEN INC.	$3,452,000	–	77,400	–	0.65%	–
BWLD	New	BUFFALO WILD WINGS INC.	$3,411,000	–	21,768	–	0.65%	–
SWI	New	SOLARWINDS INC.	$3,403,000	–	73,775	–	0.64%	–
HCSG	New	HEALTHCARE SERVICES GROUP	$3,402,000	–	102,935	–	0.64%	–
VEEV	New	VEEVA SYSTEMS INC	$3,350,000	–	119,517	–	0.64%	–
TMH	New	TEAM HEALTH HOLDINGS INC	$3,326,000	–	50,907	–	0.63%	–
LPNT	New	LIFEPOINT HEALTH, INC.	$3,302,000	–	37,976	–	0.62%	–
HXL	New	HEXCEL CORP	$3,219,000	–	64,709	–	0.61%	–
SBNY	New	SIGNATURE BANK	$3,212,000	–	21,941	–	0.61%	–
HLS	New	HEALTHSOUTH CORP.	$3,148,000	–	68,336	–	0.60%	–
SMG	New	THE SCOTTS MIRACLE-GRO CO.	$3,095,000	–	52,275	–	0.59%	–
DHX	New	DHX GROUP INC.	$3,027,000	–	340,507	–	0.57%	–
IDTI	New	INTEGRATED DEVICE TECH INC.	$2,991,000	–	137,833	–	0.57%	–
MNRO	New	MONRO MUFFLER BRAKE INC.	$2,985,000	–	48,028	–	0.56%	–
ACOR	New	ACORDA THERAPEUTICS INC	$2,972,000	–	89,183	–	0.56%	–
LOPE	New	GRAND CANYON EDUCATION INC.	$2,957,000	–	69,745	–	0.56%	–
CAVM	New	CAVIUM INC.	$2,948,000	–	42,845	–	0.56%	–
CVT	New	CVENT INC.	$2,939,000	–	114,012	–	0.56%	–
GMED	New	GLOBUS MEDICAL INC.	$2,913,000	–	113,497	–	0.55%	–
ATHN	New	ATHENAHEALTH INC.	$2,893,000	–	25,246	–	0.55%	–
ALGT	New	ALLEGIANT TRAVEL CO.	$2,889,000	–	16,239	–	0.55%	–
CRZO	New	CARRIZO OIL & GAS INC.	$2,844,000	–	57,757	–	0.54%	–
SAIA	New	SAIA INC.	$2,799,000	–	71,231	–	0.53%	–
TEN	New	TENNECO INC.	$2,782,000	–	48,441	–	0.53%	–
ZUMZ	New	ZUMIEZ INC	$2,464,000	–	92,546	–	0.47%	–
DECK	New	DECKERS OUTDOOR CORP	$2,321,000	–	32,256	–	0.44%	–
HSNI	New	HSN INC.	$2,249,000	–	32,045	–	0.43%	–
SLCA	New	US SILICA HOLDINGS INC.	$1,564,000	–	53,255	–	0.30%	–
	New	Kose Corporation	$1,153,000	–	11,400	–	0.22%	–
	New	Pandora A/S	$1,058,000	–	8,858	–	0.20%	–
	New	Nihon M&A Center Inc.	$938,000	–	21,500	–	0.18%	–
	New	Pigeon Corporation	$908,000	–	30,925	–	0.17%	–
	New	M3, Inc.	$901,000	–	36,775	–	0.17%	–
	New	Dollarama Inc.	$884,000	–	14,455	–	0.17%	–
	New	CCL Industries Inc. Class B	$841,000	–	6,005	–	0.16%	–
	New	Fisher & Paykel Healthcare Cor	$829,000	–	167,950	–	0.16%	–
	New	Savills plc	$825,000	–	55,346	–	0.16%	–
	New	Tsuruha Holdings Inc.	$809,000	–	9,175	–	0.15%	–
	New	u-blox Holding AG	$810,000	–	4,100	–	0.15%	–
	New	WH Smith PLC	$791,000	–	32,500	–	0.15%	–
	New	Banca IFIS S.p.A.	$788,000	–	30,700	–	0.15%	–
	New	Ingenico Group SA	$769,000	–	5,425	–	0.15%	–
	New	Rightmove plc	$742,000	–	12,650	–	0.14%	–
	New	Man Wah Holdings Limited	$738,000	–	694,600	–	0.14%	–
	New	Ashtead Group plc	$713,000	–	47,997	–	0.14%	–
	New	HEXPOL AB Class B	$695,000	–	64,860	–	0.13%	–
	New	Techtronic Industries Co., Ltd	$633,000	–	172,325	–	0.12%	–
	New	Brembo S.p.A.	$627,000	–	14,175	–	0.12%	–
	New	Resorttrust, Inc.	$629,000	–	21,675	–	0.12%	–
	New	Recordati S.p.A.	$615,000	–	24,475	–	0.12%	–
	New	Optimal Payments Plc	$606,000	–	135,499	–	0.12%	–
	New	Eurofins Scientific Societe Eu	$605,000	–	1,800	–	0.12%	–
	New	Nichi-Iko Pharmaceutical Co.,	$602,000	–	18,000	–	0.11%	–
	New	Greggs plc	$581,000	–	30,525	–	0.11%	–
	New	Jupiter Fund Management plc	$577,000	–	81,275	–	0.11%	–
	New	Georg Fischer AG	$566,000	–	900	–	0.11%	–
	New	Beazley PLC	$565,000	–	108,350	–	0.11%	–
	New	Sundrug Co., Ltd.	$554,000	–	8,975	–	0.10%	–
	New	Nolato AB Class B	$543,000	–	21,925	–	0.10%	–
	New	Element Financial Corporation	$543,000	–	36,125	–	0.10%	–
	New	Teleperformance SE	$539,000	–	7,540	–	0.10%	–
	New	Azimut Holding S.p.A.	$528,000	–	21,675	–	0.10%	–
	New	Wirecard AG	$510,000	–	12,640	–	0.10%	–
	New	Topdanmark A/S	$507,000	–	18,050	–	0.10%	–
	New	Plastic Omnium SA	$504,000	–	18,050	–	0.10%	–
	New	Toyo Tire & Rubber Co., Ltd.	$486,000	–	20,750	–	0.09%	–
	New	Durr AG	$478,000	–	5,600	–	0.09%	–
	New	Castellum AB	$477,000	–	31,524	–	0.09%	–
	New	Flughafen Wien AG	$476,000	–	5,425	–	0.09%	–
	New	Izumi Co., Ltd.	$477,000	–	10,300	–	0.09%	–
	New	Tsubakimoto Chain Co.	$466,000	–	56,000	–	0.09%	–
	New	77 Bank, Ltd.	$457,000	–	70,000	–	0.09%	–
	New	Britvic plc	$447,000	–	41,525	–	0.08%	–
	New	Canadian Apartment Properties	$437,000	–	19,875	–	0.08%	–
	New	Spark Infrastructure Group Ltd	$433,000	–	310,625	–	0.08%	–
	New	Nihon Kohden Corporation	$430,000	–	21,650	–	0.08%	–
	New	DTS Corporation	$410,000	–	18,400	–	0.08%	–
	New	Bertrandt AG	$413,000	–	3,605	–	0.08%	–
	New	iiNet Limited	$412,000	–	58,875	–	0.08%	–
	New	Zenkoku Hosho Co., Ltd.	$403,000	–	10,400	–	0.08%	–
	New	Mapletree Logistics Trust	$389,000	–	516,500	–	0.07%	–
	New	Greene King plc	$384,000	–	28,900	–	0.07%	–
	New	Cominar Real Estate Investment	$373,000	–	28,900	–	0.07%	–
	New	Go-Ahead Group plc	$371,000	–	9,025	–	0.07%	–
	New	Stantec Inc.	$370,000	–	14,450	–	0.07%	–
	New	Zodiac Aerospace SA	$367,000	–	11,750	–	0.07%	–
	New	Totetsu Kogyo Co., Ltd.	$359,000	–	16,200	–	0.07%	–
	New	Elementis plc	$348,000	–	88,480	–	0.07%	–
	New	Artis Real Estate Investment T	$346,000	–	34,325	–	0.07%	–
	New	COSMOS Pharmaceutical Corporat	$346,000	–	2,625	–	0.07%	–
	New	Japan Hotel Reit Investment Co	$341,000	–	550	–	0.06%	–
	New	Duluxgroup Limited	$337,000	–	79,450	–	0.06%	–
	New	BBA Aviation Plc	$335,000	–	70,425	–	0.06%	–
	New	Carsales.Com Limited	$314,000	–	43,350	–	0.06%	–
	New	OSIM International Ltd	$306,000	–	252,800	–	0.06%	–
	New	Aberdeen Asset Management PLC	$308,000	–	57,780	–	0.06%	–
	New	Home Capital Group Inc.	$301,000	–	13,550	–	0.06%	–
	New	Whitecap Resources Inc.	$299,000	–	33,600	–	0.06%	–
	New	Acerinox SA	$295,000	–	24,333	–	0.06%	–
	New	John Wood Group PLC	$252,000	–	27,980	–	0.05%	–
	New	Bonterra Energy Corp.	$191,000	–	11,750	–	0.04%	–
	New	Acerinox SA Option Right 17.06	$11,000	–	24,333	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	John Wood Group PLC	$0	–	-27,099	–	-0.04%	–
	Exit	COLOPL, Inc.	$0	–	-13,200	–	-0.04%	–
	Exit	Black Diamond Group Limited	$0	–	-20,873	–	-0.04%	–
	Exit	Message Co., Ltd.	$0	–	-13,500	–	-0.05%	–
	Exit	Comsys Holdings Corporation	$0	–	-27,000	–	-0.05%	–
	Exit	Acerinox SA	$0	–	-30,000	–	-0.05%	–
	Exit	Totetsu Kogyo Co., Ltd.	$0	–	-21,000	–	-0.05%	–
	Exit	Greene King plc	$0	–	-36,138	–	-0.06%	–
	Exit	International Personal Finance	$0	–	-59,926	–	-0.06%	–
	Exit	Brembo S.p.A.	$0	–	-13,600	–	-0.06%	–
	Exit	Elementis plc	$0	–	-112,467	–	-0.06%	–
	Exit	OSIM International Ltd	$0	–	-325,000	–	-0.06%	–
	Exit	Recordati S.p.A.	$0	–	-28,500	–	-0.06%	–
	Exit	Bankers Petroleum Ltd.	$0	–	-126,295	–	-0.06%	–
	Exit	Zodiac Aerospace SA	$0	–	-15,450	–	-0.06%	–
	Exit	Nihon Nohyaku Co., Ltd.	$0	–	-48,800	–	-0.06%	–
	Exit	Bonterra Energy Corp.	$0	–	-11,700	–	-0.06%	–
	Exit	Aberdeen Asset Management PLC	$0	–	-73,883	–	-0.06%	–
	Exit	Sundrug Co., Ltd.	$0	–	-12,300	–	-0.06%	–
	Exit	Cosmos Pharmaceutical Corporat	$0	–	-3,700	–	-0.06%	–
	Exit	Badger Daylighting Ltd.	$0	–	-19,538	–	-0.07%	–
	Exit	Carsales.Com Limited	$0	–	-57,258	–	-0.07%	–
	Exit	Plastic Omnium SA	$0	–	-22,827	–	-0.07%	–
	Exit	Nolato AB Class B	$0	–	-24,674	–	-0.07%	–
	Exit	Eurofins Scientific Societe Eu	$0	–	-2,416	–	-0.07%	–
	Exit	Element Financial Corporation	$0	–	-45,580	–	-0.07%	–
	Exit	Rightmove plc	$0	–	-16,015	–	-0.07%	–
	Exit	Canadian Apartment Properties	$0	–	-24,968	–	-0.07%	–
	Exit	Stantec Inc.	$0	–	-19,046	–	-0.07%	–
	Exit	Jupiter Fund Management plc	$0	–	-102,564	–	-0.07%	–
	Exit	Britvic plc	$0	–	-54,000	–	-0.07%	–
	Exit	Wirecard AG	$0	–	-16,007	–	-0.07%	–
	Exit	Toyo Tire & Rubber Co., Ltd.	$0	–	-34,000	–	-0.07%	–
	Exit	Bertrandt AG	$0	–	-4,780	–	-0.08%	–
	Exit	Castellum AB	$0	–	-39,827	–	-0.08%	–
	Exit	Resorttrust, Inc.	$0	–	-28,700	–	-0.08%	–
	Exit	Georg Fischer AG	$0	–	-1,043	–	-0.08%	–
	Exit	Techtronic Industries Co., Ltd	$0	–	-200,583	–	-0.08%	–
	Exit	Azimut Holding S.p.A.	$0	–	-29,321	–	-0.08%	–
	Exit	Cominar Real Estate Investment	$0	–	-37,500	–	-0.08%	–
	Exit	Artis Real Estate Investment T	$0	–	-45,248	–	-0.08%	–
	Exit	Opera Software ASA	$0	–	-53,409	–	-0.08%	–
	Exit	Spark Infrastructure Group Ltd	$0	–	-390,800	–	-0.08%	–
	Exit	Durr AG	$0	–	-8,438	–	-0.08%	–
	Exit	Banca IFIS S.p.A.	$0	–	-40,734	–	-0.08%	–
	Exit	Flughafen Wien AG	$0	–	-7,256	–	-0.08%	–
	Exit	Optimal Payments Plc	$0	–	-134,034	–	-0.08%	–
	Exit	Savills plc	$0	–	-67,952	–	-0.08%	–
	Exit	Tsuruha Holdings Inc.	$0	–	-12,400	–	-0.09%	–
	Exit	Teleperformance SA	$0	–	-10,545	–	-0.09%	–
	Exit	Nihon Kohden Corporation	$0	–	-14,700	–	-0.09%	–
	Exit	HEXPOL AB Class B	$0	–	-8,512	–	-0.09%	–
	Exit	Topdanmark A/S	$0	–	-24,179	–	-0.09%	–
	Exit	Home Capital Group Inc.	$0	–	-17,382	–	-0.10%	–
	Exit	Ingenico SA	$0	–	-7,477	–	-0.10%	–
	Exit	CCL Industries Inc. Class B	$0	–	-7,300	–	-0.10%	–
	Exit	Iinet Limited	$0	–	-112,530	–	-0.10%	–
	Exit	REA Group Ltd	$0	–	-21,154	–	-0.10%	–
	Exit	Kose Corporation	$0	–	-21,700	–	-0.10%	–
	Exit	Nishio Rent All Co., Ltd.	$0	–	-24,300	–	-0.11%	–
	Exit	WH Smith PLC	$0	–	-44,833	–	-0.11%	–
	Exit	Dollarama Inc.	$0	–	-9,874	–	-0.11%	–
	Exit	M3, Inc.	$0	–	-54,800	–	-0.11%	–
	Exit	Man Wah Holdings Limited	$0	–	-516,600	–	-0.12%	–
	Exit	Nihon M&A Center Inc.	$0	–	-31,700	–	-0.12%	–
	Exit	Fisher & Paykel Healthcare Cor	$0	–	-215,669	–	-0.12%	–
	Exit	Ashtead Group plc	$0	–	-61,534	–	-0.13%	–
	Exit	Pigeon Corporation	$0	–	-16,300	–	-0.13%	–
	Exit	u-blox Holding AG	$0	–	-7,902	–	-0.13%	–
	Exit	Pandora A/S	$0	–	-14,798	–	-0.15%	–
LGND	Exit	LIGAND PHARMACEUTICALS - CL B	$0	–	-66,455	–	-0.38%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-21,455	–	-0.39%	–
MMS	Exit	MAXIMUS	$0	–	-78,973	–	-0.39%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC.	$0	–	-60,004	–	-0.41%	–
ATHN	Exit	ATHENAHEALTH INC.	$0	–	-25,781	–	-0.42%	–
MHFI	Exit	MCGRAW HILL FINANCIAL INC.	$0	–	-42,450	–	-0.44%	–
CPHD	Exit	CEPHEID INC.	$0	–	-84,335	–	-0.46%	–
WAGE	Exit	WAGEWORKS INC.	$0	–	-86,565	–	-0.49%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-166,530	–	-0.49%	–
VNCE	Exit	VINCE HOLDING CORP.	$0	–	-133,115	–	-0.50%	–
RPXC	Exit	RPX CORP.	$0	–	-297,663	–	-0.50%	–
PZZA	Exit	PAPA JOHNS INTL INC	$0	–	-119,478	–	-0.59%	–
FAST	Exit	FASTENAL CO	$0	–	-107,596	–	-0.60%	–
GMED	Exit	GLOBUS MEDICAL INC.	$0	–	-247,305	–	-0.60%	–
LNKD	Exit	LINKEDIN CORPORATION	$0	–	-23,975	–	-0.62%	–
SFM	Exit	SPROUTS FARMERS MARKETS INC.	$0	–	-175,157	–	-0.63%	–
RVBD	Exit	RIVERBED TECHNOLOGY INC	$0	–	-276,465	–	-0.63%	–
CRI	Exit	CARTER'S INC	$0	–	-67,352	–	-0.64%	–
CASY	Exit	CASEY'S GENERAL STORES INC.	$0	–	-73,845	–	-0.65%	–
AIMC	Exit	ALTRA INDUSTRIAL MOTION CORP	$0	–	-182,015	–	-0.66%	–
ARG	Exit	AIRGAS, INC.	$0	–	-49,342	–	-0.67%	–
FEIC	Exit	FEI COMPANY	$0	–	-72,713	–	-0.68%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-333,278	–	-0.69%	–
TRMB	Exit	TRIMBLE NAVIGATION LTD	$0	–	-187,345	–	-0.70%	–
INVN	Exit	INVENSENSE INC.	$0	–	-290,730	–	-0.71%	–
MRTN	Exit	MARTEN TRANSPORT LTD.	$0	–	-323,495	–	-0.71%	–
AMTD	Exit	AMERITRADE HOLDING CORP.	$0	–	-175,318	–	-0.72%	–
GCO	Exit	GENESCO INC.	$0	–	-78,365	–	-0.72%	–
FINL	Exit	FINISH LINE, THE	$0	–	-239,155	–	-0.74%	–
ZUMZ	Exit	ZUMIEZ INC	$0	–	-213,260	–	-0.74%	–
PCLN	Exit	PRICELINE.COM INC	$0	–	-5,171	–	-0.74%	–
KMX	Exit	CARMAX, INC	$0	–	-130,062	–	-0.74%	–
WDAY	Exit	WORKDAY INC	$0	–	-74,097	–	-0.75%	–
MELI	Exit	MERCADOLIBRE INC.	$0	–	-57,044	–	-0.76%	–
BWLD	Exit	BUFFALO WILD WINGS INC.	$0	–	-46,309	–	-0.77%	–
HXL	Exit	HEXCEL CORP	$0	–	-156,527	–	-0.77%	–
CBST	Exit	CUBIST PHARMACEUTICALS INC.	$0	–	-94,828	–	-0.78%	–
POL	Exit	POLYONE CORPORATION	$0	–	-180,264	–	-0.79%	–
FTK	Exit	FLOTEK INDUSTRIES INC.	$0	–	-248,455	–	-0.80%	–
TRIP	Exit	TRIPADVISOR INC.	$0	–	-70,937	–	-0.80%	–
MWIV	Exit	MWI VETERINARY SUPPLY INC.	$0	–	-44,053	–	-0.81%	–
PRXL	Exit	PAREXEL INTERNATIONAL CORP	$0	–	-103,950	–	-0.81%	–
MNRO	Exit	MONRO MUFFLER BRAKE INC.	$0	–	-137,410	–	-0.82%	–
TEN	Exit	TENNECO INC.	$0	–	-127,859	–	-0.82%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP.	$0	–	-246,235	–	-0.86%	–
FDS	Exit	FACTSET RESH SYS INC	$0	–	-58,157	–	-0.87%	–
PRLB	Exit	PROTO LABS INC.	$0	–	-102,608	–	-0.87%	–
GB	Exit	GREATBATCH INC.	$0	–	-166,240	–	-0.87%	–
TYL	Exit	TYLER TECHNOLOGIES INC.	$0	–	-80,577	–	-0.88%	–
FTI	Exit	FMC TECHNOLOGIES, INC.	$0	–	-133,313	–	-0.89%	–
ECL	Exit	ECOLAB INC.	$0	–	-63,130	–	-0.89%	–
PGI	Exit	PREMIERE GLOBAL SERVICES INC.	$0	–	-622,350	–	-0.92%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-146,324	–	-0.93%	–
LKQ	Exit	LKQ CORP	$0	–	-284,363	–	-0.93%	–
ROL	Exit	ROLLINS INC.	$0	–	-258,969	–	-0.94%	–
SHLM	Exit	SCHULMAN (A.) INC	$0	–	-209,840	–	-0.94%	–
ECPG	Exit	ENCORE CAP GROUP INC	$0	–	-171,275	–	-0.94%	–
MANH	Exit	MANHATTAN ASSOCIATES INC.	$0	–	-228,418	–	-0.94%	–
ISSI	Exit	INTEGRATED SILICON SOLUTION	$0	–	-560,055	–	-0.95%	–
ARUN	Exit	ARUBA NETWORKS INC.	$0	–	-359,680	–	-0.96%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-53,276	–	-0.99%	–
WOOF	Exit	VCA INC.	$0	–	-204,175	–	-0.99%	–
TPX	Exit	TEMPUR-PEDIC INTERNATIONAL INC	$0	–	-144,199	–	-1.00%	–
CAVM	Exit	CAVIUM INC.	$0	–	-162,985	–	-1.00%	–
MKTX	Exit	MARETAXESS HOLDINGS INC.	$0	–	-131,412	–	-1.00%	–
HLS	Exit	HEALTHSOUTH CORP.	$0	–	-220,855	–	-1.00%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP	$0	–	-289,236	–	-1.02%	–
SAIA	Exit	SAIA INC.	$0	–	-173,430	–	-1.06%	–
CERN	Exit	CERNER CORP.	$0	–	-144,820	–	-1.06%	–
IHS	Exit	IHS INC. CL A	$0	–	-69,011	–	-1.07%	–
CBM	Exit	CAMBREX CORP.	$0	–	-466,230	–	-1.07%	–
MPWR	Exit	MONOLITHIC POWER SYSTEMS INC.	$0	–	-200,630	–	-1.09%	–
CRZO	Exit	CARRIZO OIL & GAS INC.	$0	–	-167,045	–	-1.11%	–
BCC	Exit	BOISE CASCADE CO	$0	–	-299,125	–	-1.11%	–
AZPN	Exit	ASPEN TECHNOLOGY	$0	–	-240,155	–	-1.12%	–
LOPE	Exit	GRAND CANYON EDUCATION INC.	$0	–	-223,378	–	-1.12%	–
ARGO	Exit	ARGO GROUP INTERNATIONAL	$0	–	-181,610	–	-1.13%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-81,646	–	-1.13%	–
DLX	Exit	DELUXE CORP.	$0	–	-167,474	–	-1.14%	–
LFUS	Exit	LITTELFUSE INC.	$0	–	-108,895	–	-1.14%	–
SWI	Exit	SOLARWINDS INC.	$0	–	-220,975	–	-1.15%	–
TNC	Exit	TENNANT CO.	$0	–	-139,850	–	-1.16%	–
ALGT	Exit	ALLEGIANT TRAVEL CO.	$0	–	-76,850	–	-1.17%	–
HPY	Exit	HEARTLAND PAYMENT SYSTEMS INC	$0	–	-201,120	–	-1.18%	–
THS	Exit	TREEHOUSE FOODS INC.	$0	–	-119,835	–	-1.19%	–
DECK	Exit	DECKERS OUTDOOR CORP	$0	–	-100,422	–	-1.20%	–
OMCL	Exit	OMNICELL INC	$0	–	-359,180	–	-1.21%	–
ECOL	Exit	US ECOLOGY INC.	$0	–	-210,940	–	-1.22%	–
VASC	Exit	VASCULAR SOLUTIONS INC.	$0	–	-399,662	–	-1.22%	–
THRM	Exit	GENTHERM INC.	$0	–	-234,429	–	-1.22%	–
SRCL	Exit	STERICYCLE INC	$0	–	-89,028	–	-1.28%	–
RUSHA	Exit	RUSH ENTERPRISES INC. -CL A	$0	–	-313,355	–	-1.29%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-223,545	–	-1.32%	–
CNQR	Exit	CONCUR TECHNOLOGIES INC	$0	–	-84,241	–	-1.32%	–
TRAK	Exit	DEALERTRAK HOLDINGS INC	$0	–	-253,585	–	-1.36%	–
EFII	Exit	ELECTRONICS FOR IMAGING	$0	–	-249,345	–	-1.36%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-126,180	–	-1.37%	–
SLCA	Exit	US SILICA HOLDINGS INC.	$0	–	-192,677	–	-1.49%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC.	$0	–	-125,895	–	-1.50%	–
TMH	Exit	TEAM HEALTH HOLDINGS INC	$0	–	-225,969	–	-1.62%	–
ULTI	Exit	ULTIMATE SOFTWARE GROUP INC	$0	–	-117,904	–	-2.06%	–
CNC	Exit	CENTENE CORPORATION	$0	–	-203,075	–	-2.07%	–

Q3 2014

			Value		Shares		↓ Weighting
CNC	Sell	CENTENE CORPORATION	$16,796,000	-0.6%	203,075	-9.1%	2.07%	+9.3%
ULTI	Sell	ULTIMATE SOFTWARE GROUP INC	$16,685,000	-7.5%	117,904	-9.7%	2.06%	+1.7%
TMH	Buy	TEAM HEALTH HOLDINGS INC	$13,104,000	+18.4%	225,969	+1.9%	1.62%	+30.2%
PCRX	Sell	PACIRA PHARMACEUTICALS INC.	$12,202,000	-20.2%	125,895	-24.3%	1.50%	-12.2%
SLCA	Sell	US SILICA HOLDINGS INC.	$12,044,000	-27.8%	192,677	-36.0%	1.49%	-20.6%
MIDD	Sell	MIDDLEBY CORP	$11,120,000	-22.5%	126,180	-27.2%	1.37%	-14.7%
EFII	Buy	ELECTRONICS FOR IMAGING	$11,014,000	-0.8%	249,345	+1.5%	1.36%	+9.2%
TRAK	Sell	DEALERTRAK HOLDINGS INC	$11,008,000	-6.4%	253,585	-2.2%	1.36%	+3.0%
CNQR	Sell	CONCUR TECHNOLOGIES INC	$10,683,000	+11.6%	84,241	-17.9%	1.32%	+22.7%
EEFT	Buy	EURONET WORLDWIDE INC	$10,683,000	+4.8%	223,545	+5.8%	1.32%	+15.3%
RUSHA	Buy	RUSH ENTERPRISES INC. -CL A	$10,482,000	+50.6%	313,355	+56.1%	1.29%	+65.6%
SRCL	Buy	STERICYCLE INC	$10,377,000	+0.7%	89,028	+2.3%	1.28%	+10.7%
THRM	Sell	GENTHERM INC.	$9,900,000	-31.0%	234,429	-27.4%	1.22%	-24.2%
VASC	Buy	VASCULAR SOLUTIONS INC.	$9,872,000	+17.4%	399,662	+5.5%	1.22%	+29.2%
ECOL	Sell	US ECOLOGY INC.	$9,864,000	-6.6%	210,940	-2.3%	1.22%	+2.7%
OMCL	Sell	OMNICELL INC	$9,816,000	-7.3%	359,180	-2.7%	1.21%	+1.9%
DECK	New	DECKERS OUTDOOR CORP	$9,759,000	–	100,422	–	1.20%	–
THS	Buy	TREEHOUSE FOODS INC.	$9,647,000	+38.4%	119,835	+37.7%	1.19%	+52.2%
HPY	Buy	HEARTLAND PAYMENT SYSTEMS INC	$9,597,000	+20.2%	201,120	+3.8%	1.18%	+32.3%
ALGT	New	ALLEGIANT TRAVEL CO.	$9,503,000	–	76,850	–	1.17%	–
TNC	Buy	TENNANT CO.	$9,383,000	+5.5%	139,850	+20.0%	1.16%	+16.0%
SWI	Buy	SOLARWINDS INC.	$9,292,000	+33.9%	220,975	+23.1%	1.15%	+47.1%
LFUS	Sell	LITTELFUSE INC.	$9,276,000	-10.8%	108,895	-2.7%	1.14%	-1.9%
DLX	New	DELUXE CORP.	$9,238,000	–	167,474	–	1.14%	–
SBNY	Sell	SIGNATURE BANK	$9,149,000	-23.9%	81,646	-14.3%	1.13%	-16.3%
ARGO	New	ARGO GROUP INTERNATIONAL	$9,137,000	–	181,610	–	1.13%	–
LOPE	Sell	GRAND CANYON EDUCATION INC.	$9,107,000	-32.1%	223,378	-23.4%	1.12%	-25.3%
AZPN	Sell	ASPEN TECHNOLOGY	$9,059,000	-36.1%	240,155	-21.4%	1.12%	-29.7%
BCC	Buy	BOISE CASCADE CO	$9,016,000	+165.1%	299,125	+151.9%	1.11%	+191.9%
CRZO	Sell	CARRIZO OIL & GAS INC.	$8,990,000	-24.2%	167,045	-2.4%	1.11%	-16.6%
MPWR	Buy	MONOLITHIC POWER SYSTEMS INC.	$8,838,000	+30.1%	200,630	+25.1%	1.09%	+43.0%
CBM	Buy	CAMBREX CORP.	$8,709,000	+26.4%	466,230	+40.1%	1.07%	+39.1%
IHS	Buy	IHS INC. CL A	$8,639,000	-5.6%	69,011	+2.3%	1.07%	+3.8%
CERN	Buy	CERNER CORP.	$8,627,000	+18.1%	144,820	+2.3%	1.06%	+29.9%
SAIA	Buy	SAIA INC.	$8,595,000	+22.5%	173,430	+8.6%	1.06%	+34.7%
HCSG	Sell	HEALTHCARE SERVICES GROUP	$8,275,000	-5.8%	289,236	-3.0%	1.02%	+3.7%
HLS	New	HEALTHSOUTH CORP.	$8,150,000	–	220,855	–	1.00%	–
MKTX	Sell	MARETAXESS HOLDINGS INC.	$8,129,000	-5.8%	131,412	-17.7%	1.00%	+3.6%
CAVM	Buy	CAVIUM INC.	$8,105,000	+24.2%	162,985	+24.0%	1.00%	+36.6%
TPX	Buy	TEMPUR-PEDIC INTERNATIONAL INC	$8,100,000	+19.3%	144,199	+26.8%	1.00%	+31.1%
WOOF	New	VCA INC.	$8,030,000	–	204,175	–	0.99%	–
ORLY	Buy	O REILLY AUTOMOTIVE INC	$8,011,000	+2.3%	53,276	+2.5%	0.99%	+12.5%
ARUN	New	ARUBA NETWORKS INC.	$7,762,000	–	359,680	–	0.96%	–
ISSI	Buy	INTEGRATED SILICON SOLUTION	$7,695,000	+18.0%	560,055	+26.9%	0.95%	+29.8%
MANH	Sell	MANHATTAN ASSOCIATES INC.	$7,634,000	-25.1%	228,418	-22.8%	0.94%	-17.6%
SHLM	New	SCHULMAN (A.) INC	$7,588,000	–	209,840	–	0.94%	–
ECPG	Sell	ENCORE CAP GROUP INC	$7,589,000	-5.6%	171,275	-3.2%	0.94%	+3.9%
ROL	Buy	ROLLINS INC.	$7,583,000	-0.2%	258,969	+2.3%	0.94%	+9.7%
LKQ	Buy	LKQ CORP	$7,561,000	+1.9%	284,363	+2.3%	0.93%	+12.1%
ALGN	Buy	ALIGN TECHNOLOGY INC	$7,562,000	-1.0%	146,324	+7.4%	0.93%	+8.9%
PGI	Buy	PREMIERE GLOBAL SERVICES INC.	$7,450,000	+5.1%	622,350	+17.2%	0.92%	+15.6%
ECL	Buy	ECOLAB INC.	$7,249,000	+5.5%	63,130	+2.3%	0.89%	+16.0%
FTI	Buy	FMC TECHNOLOGIES, INC.	$7,240,000	-9.2%	133,313	+2.1%	0.89%	-0.1%
TYL	Sell	TYLER TECHNOLOGIES INC.	$7,123,000	-5.5%	80,577	-2.5%	0.88%	+3.9%
GB	Buy	GREATBATCH INC.	$7,083,000	+6.0%	166,240	+22.0%	0.87%	+16.5%
PRLB	Buy	PROTO LABS INC.	$7,080,000	+2.7%	102,608	+21.9%	0.87%	+12.8%
FDS	Sell	FACTSET RESH SYS INC	$7,068,000	-17.9%	58,157	-18.8%	0.87%	-9.7%
JBT	Buy	JOHN BEAN TECHNOLOGIES CORP.	$6,927,000	+0.6%	246,235	+10.9%	0.86%	+10.8%
TEN	Buy	TENNECO INC.	$6,688,000	-16.1%	127,859	+5.3%	0.82%	-7.7%
MNRO	Sell	MONRO MUFFLER BRAKE INC.	$6,669,000	-34.2%	137,410	-27.8%	0.82%	-27.6%
PRXL	New	PAREXEL INTERNATIONAL CORP	$6,558,000	–	103,950	–	0.81%	–
MWIV	Sell	MWI VETERINARY SUPPLY INC.	$6,537,000	+1.7%	44,053	-2.7%	0.81%	+11.8%
TRIP	Buy	TRIPADVISOR INC.	$6,485,000	-14.0%	70,937	+2.3%	0.80%	-5.3%
FTK	Sell	FLOTEK INDUSTRIES INC.	$6,477,000	-63.2%	248,455	-54.6%	0.80%	-59.5%
POL	Sell	POLYONE CORPORATION	$6,414,000	-63.2%	180,264	-56.5%	0.79%	-59.6%
CBST	Sell	CUBIST PHARMACEUTICALS INC.	$6,291,000	-34.1%	94,828	-30.6%	0.78%	-27.5%
HXL	Sell	HEXCEL CORP	$6,214,000	-5.5%	156,527	-2.7%	0.77%	+3.9%
BWLD	Sell	BUFFALO WILD WINGS INC.	$6,218,000	-21.5%	46,309	-3.1%	0.77%	-13.6%
MELI	Sell	MERCADOLIBRE INC.	$6,198,000	-7.7%	57,044	-19.0%	0.76%	+1.6%
WDAY	Buy	WORKDAY INC	$6,113,000	-6.1%	74,097	+2.3%	0.75%	+3.3%
KMX	Buy	CARMAX, INC	$6,041,000	-8.7%	130,062	+2.3%	0.74%	+0.4%
PCLN	Buy	PRICELINE.COM INC	$5,991,000	-1.5%	5,171	+2.2%	0.74%	+8.4%
ZUMZ	New	ZUMIEZ INC	$5,993,000	–	213,260	–	0.74%	–
FINL	New	FINISH LINE, THE	$5,986,000	–	239,155	–	0.74%	–
GCO	New	GENESCO INC.	$5,858,000	–	78,365	–	0.72%	–
AMTD	Sell	AMERITRADE HOLDING CORP.	$5,850,000	-17.7%	175,318	-22.7%	0.72%	-9.5%
MRTN	Sell	MARTEN TRANSPORT LTD.	$5,761,000	-23.3%	323,495	-3.7%	0.71%	-15.6%
INVN	Sell	INVENSENSE INC.	$5,736,000	-28.9%	290,730	-18.3%	0.71%	-21.8%
TRMB	Buy	TRIMBLE NAVIGATION LTD	$5,714,000	-15.6%	187,345	+2.3%	0.70%	-7.1%
CIEN	Sell	CIENA CORPORATION	$5,572,000	-36.3%	333,278	-17.5%	0.69%	-30.0%
FEIC	Sell	FEI COMPANY	$5,484,000	-19.2%	72,713	-2.8%	0.68%	-11.0%
ARG	Buy	AIRGAS, INC.	$5,460,000	+3.9%	49,342	+2.3%	0.67%	+14.4%
AIMC	Sell	ALTRA INDUSTRIAL MOTION CORP	$5,308,000	-22.0%	182,015	-2.7%	0.66%	-14.3%
CASY	Sell	CASEY'S GENERAL STORES INC.	$5,295,000	-0.9%	73,845	-2.9%	0.65%	+9.0%
CRI	Buy	CARTER'S INC	$5,221,000	+15.0%	67,352	+2.3%	0.64%	+26.5%
RVBD	Sell	RIVERBED TECHNOLOGY INC	$5,127,000	-12.9%	276,465	-3.1%	0.63%	-4.2%
SFM	Buy	SPROUTS FARMERS MARKETS INC.	$5,092,000	-9.2%	175,157	+2.2%	0.63%	-0.2%
LNKD	Sell	LINKEDIN CORPORATION	$4,982,000	-7.1%	23,975	-23.4%	0.62%	+2.2%
GMED	Sell	GLOBUS MEDICAL INC.	$4,864,000	-57.0%	247,305	-47.7%	0.60%	-52.7%
FAST	Buy	FASTENAL CO	$4,831,000	-7.2%	107,596	+2.3%	0.60%	+2.1%
PZZA	Sell	PAPA JOHNS INTL INC	$4,778,000	-48.0%	119,478	-44.9%	0.59%	-42.8%
RPXC	Sell	RPX CORP.	$4,087,000	-38.4%	297,663	-20.3%	0.50%	-32.3%
VNCE	Buy	VINCE HOLDING CORP.	$4,028,000	-4.9%	133,115	+15.0%	0.50%	+4.6%
LYV	New	LIVE NATION ENTERTAINMENT IN	$4,000,000	–	166,530	–	0.49%	–
WAGE	Sell	WAGEWORKS INC.	$3,941,000	-43.7%	86,565	-40.4%	0.49%	-38.1%
CPHD	Sell	CEPHEID INC.	$3,713,000	-41.4%	84,335	-36.2%	0.46%	-35.6%
MHFI	New	MCGRAW HILL FINANCIAL INC.	$3,585,000	–	42,450	–	0.44%	–
ATHN	Buy	ATHENAHEALTH INC.	$3,395,000	+7.6%	25,781	+2.3%	0.42%	+18.4%
JKHY	New	JACK HENRY & ASSOCIATES INC.	$3,340,000	–	60,004	–	0.41%	–
MMS	Sell	MAXIMUS	$3,169,000	-58.7%	78,973	-55.8%	0.39%	-54.6%
CLB	Buy	CORE LABORATORIES N V	$3,140,000	-10.4%	21,455	+2.2%	0.39%	-1.5%
LGND	Sell	LIGAND PHARMACEUTICALS - CL B	$3,123,000	-76.3%	66,455	-68.6%	0.38%	-74.0%
	Sell	Pandora A/S	$1,214,000	-27.3%	14,798	-32.1%	0.15%	-19.8%
	Sell	u-blox Holding AG	$1,056,000	-10.6%	7,902	-14.1%	0.13%	-1.5%
	Sell	Pigeon Corporation	$1,047,000	-3.7%	16,300	-11.4%	0.13%	+5.7%
	Sell	Ashtead Group plc	$1,027,000	-2.8%	61,534	-13.1%	0.13%	+6.7%
	Sell	Fisher & Paykel Healthcare Cor	$940,000	-6.1%	215,669	-12.2%	0.12%	+3.6%
	Sell	Man Wah Holdings Limited	$933,000	+3.9%	516,600	-12.1%	0.12%	+13.9%
	Sell	Nihon M&A Center Inc.	$931,000	-11.9%	31,700	-12.7%	0.12%	-3.4%
	Sell	M3, Inc.	$924,000	-16.5%	54,800	-12.7%	0.11%	-8.1%
	Sell	Dollarama Inc.	$903,000	-5.9%	9,874	-11.6%	0.11%	+2.8%
	Sell	WH Smith PLC	$868,000	-6.6%	44,833	-11.8%	0.11%	+2.9%
	Sell	Nishio Rent All Co., Ltd.	$870,000	-27.6%	24,300	-12.6%	0.11%	-20.7%
	Sell	REA Group Ltd	$829,000	-20.7%	21,154	-14.5%	0.10%	-12.8%
	Sell	Kose Corporation	$824,000	-22.9%	21,700	-12.1%	0.10%	-15.0%
	Sell	Iinet Limited	$798,000	-16.4%	112,530	-11.9%	0.10%	-8.4%
	New	CCL Industries Inc. Class B	$778,000	–	7,300	–	0.10%	–
	Sell	Home Capital Group Inc.	$769,000	-21.5%	17,382	-12.1%	0.10%	-13.6%
	Sell	Ingenico SA	$767,000	-9.2%	7,477	-12.8%	0.10%	0.0%
	Buy	Topdanmark A/S	$765,000	+27.5%	24,179	+22.9%	0.09%	+40.3%
	Sell	HEXPOL AB Class B	$736,000	-10.9%	8,512	-11.4%	0.09%	-2.2%
	Sell	Teleperformance SA	$728,000	-8.0%	10,545	-11.7%	0.09%	+1.1%
	Sell	Nihon Kohden Corporation	$731,000	-16.9%	14,700	-12.0%	0.09%	-9.1%
	Sell	Tsuruha Holdings Inc.	$717,000	-12.9%	12,400	-12.7%	0.09%	-4.3%
	Sell	Savills plc	$683,000	-14.2%	67,952	-10.3%	0.08%	-5.6%
	Sell	Flughafen Wien AG	$675,000	-8.0%	7,256	-12.1%	0.08%	+1.2%
	Sell	Banca IFIS S.p.A.	$669,000	-23.1%	40,734	-12.1%	0.08%	-15.3%
	Sell	Optimal Payments Plc	$671,000	-40.2%	134,034	-11.8%	0.08%	-34.1%
	Sell	Durr AG	$668,000	-10.1%	8,438	-12.5%	0.08%	-1.2%
	New	Spark Infrastructure Group Ltd	$655,000	–	390,800	–	0.08%	–
	Sell	Opera Software ASA	$651,000	-9.8%	53,409	-13.5%	0.08%	-1.2%
	Sell	Artis Real Estate Investment T	$630,000	-15.2%	45,248	-11.4%	0.08%	-6.0%
	Buy	Cominar Real Estate Investment	$623,000	+13.9%	37,500	+21.8%	0.08%	+26.2%
	Sell	Techtronic Industries Co., Ltd	$623,000	-12.9%	200,583	-11.6%	0.08%	-3.8%
	Sell	Azimut Holding S.p.A.	$624,000	-19.4%	29,321	-11.7%	0.08%	-11.5%
	Sell	Resorttrust, Inc.	$613,000	-17.4%	28,700	-12.2%	0.08%	-8.4%
	Sell	Georg Fischer AG	$617,000	-17.0%	1,043	-8.7%	0.08%	-8.4%
	Sell	Bertrandt AG	$609,000	-11.6%	4,780	-12.8%	0.08%	-2.6%
	Buy	Castellum AB	$606,000	+3.4%	39,827	+12.1%	0.08%	+13.6%
	New	Toyo Tire & Rubber Co., Ltd.	$595,000	–	34,000	–	0.07%	–
	Sell	Wirecard AG	$588,000	-14.4%	16,007	-14.9%	0.07%	-5.2%
	Sell	Jupiter Fund Management plc	$583,000	-19.9%	102,564	-12.2%	0.07%	-12.2%
	New	Britvic plc	$581,000	–	54,000	–	0.07%	–
	Buy	Stantec Inc.	$584,000	-16.7%	19,046	+76.0%	0.07%	-8.9%
	Sell	Canadian Apartment Properties	$564,000	-7.8%	24,968	-10.7%	0.07%	+1.4%
	Sell	Element Financial Corporation	$559,000	-20.7%	45,580	-12.1%	0.07%	-12.7%
	Sell	Rightmove plc	$558,000	-24.7%	16,015	-13.0%	0.07%	-16.9%
	Sell	Eurofins Scientific Societe Eu	$562,000	-32.5%	2,416	-14.2%	0.07%	-25.8%
	Sell	Nolato AB Class B	$549,000	-17.7%	24,674	-11.2%	0.07%	-9.3%
	Sell	Plastic Omnium SA	$541,000	-18.5%	22,827	-12.6%	0.07%	-9.5%
	Sell	Badger Daylighting Ltd.	$537,000	-25.8%	19,538	-28.3%	0.07%	-18.5%
	Sell	Carsales.Com Limited	$538,000	-19.9%	57,258	-12.1%	0.07%	-12.0%
	Sell	Sundrug Co., Ltd.	$530,000	-20.4%	12,300	-11.5%	0.06%	-13.3%
	Sell	Cosmos Pharmaceutical Corporat	$529,000	-8.6%	3,700	-14.0%	0.06%	0.0%
	Sell	Aberdeen Asset Management PLC	$510,000	-14.1%	73,883	-11.8%	0.06%	-6.0%
	Sell	Bonterra Energy Corp.	$504,000	-33.3%	11,700	-12.0%	0.06%	-27.1%
	Sell	Zodiac Aerospace SA	$491,000	-12.0%	15,450	-12.5%	0.06%	-3.2%
	Sell	Bankers Petroleum Ltd.	$497,000	-53.3%	126,295	-32.1%	0.06%	-48.7%
	Sell	Nihon Nohyaku Co., Ltd.	$494,000	-19.8%	48,800	-13.2%	0.06%	-11.6%
	New	Recordati S.p.A.	$490,000	–	28,500	–	0.06%	–
	Sell	OSIM International Ltd	$490,000	-40.4%	325,000	-12.4%	0.06%	-34.8%
	Sell	Elementis plc	$465,000	-25.4%	112,467	-12.1%	0.06%	-18.6%
	Sell	Brembo S.p.A.	$453,000	-14.7%	13,600	-12.8%	0.06%	-6.7%
	Sell	Greene King plc	$448,000	-17.0%	36,138	-11.3%	0.06%	-9.8%
	Sell	International Personal Finance	$448,000	-24.5%	59,926	-12.8%	0.06%	-17.9%
	New	Totetsu Kogyo Co., Ltd.	$439,000	–	21,000	–	0.05%	–
	New	Acerinox SA	$422,000	–	30,000	–	0.05%	–
	New	Comsys Holdings Corporation	$414,000	–	27,000	–	0.05%	–
	New	Message Co., Ltd.	$389,000	–	13,500	–	0.05%	–
	Sell	Black Diamond Group Limited	$353,000	-42.3%	20,873	-12.2%	0.04%	-36.2%
	Sell	COLOPL, Inc.	$340,000	-68.5%	13,200	-47.2%	0.04%	-65.3%
	Exit	Croda International Plc	$0	–	-9,931	–	-0.04%	–
	Exit	Victrex plc	$0	–	-15,755	–	-0.05%	–
	Exit	TGS-NOPEC Geophysical Company	$0	–	-16,147	–	-0.05%	–
	Exit	Park24 Co., Ltd.	$0	–	-28,300	–	-0.06%	–
	Exit	Galaxy Entertainment Group Lim	$0	–	-70,000	–	-0.06%	–
	Exit	Ship Healthcare Holdings, Inc.	$0	–	-17,000	–	-0.06%	–
	Exit	Keller Group plc	$0	–	-40,191	–	-0.06%	–
	Exit	Essentra plc	$0	–	-45,611	–	-0.07%	–
	Exit	Auriga Industries A/S Class B	$0	–	-20,245	–	-0.13%	–
MTZ	Exit	MASTEC INC COM	$0	–	-111,990	–	-0.39%	–
TREX	Exit	TREX COMPANY INC.	$0	–	-124,267	–	-0.40%	–
T102PS	Exit	SILICON IMAGE INC.	$0	–	-897,590	–	-0.51%	–
FNGN	Exit	FINANCIAL ENGINES INC.	$0	–	-128,781	–	-0.65%	–
UNFI	Exit	UNITED NATURAL FOODS INC.	$0	–	-104,520	–	-0.76%	–
CHUY	Exit	CHUY'S HOLDINGS INC.	$0	–	-202,504	–	-0.82%	–
CCOI	Exit	COGENT COMMUNICATIONS GROUP	$0	–	-218,158	–	-0.84%	–
ALLT	Exit	ALLOT COMMUNICATIONS LTD	$0	–	-583,820	–	-0.85%	–
NVDQ	Exit	NOVADAQ TECHNOLOGIES INC.	$0	–	-462,481	–	-0.86%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-48,847	–	-0.87%	–
ASGN	Exit	ON ASSIGNMENT INC	$0	–	-268,800	–	-1.07%	–
OPEN	Exit	OPENTABLE INC.	$0	–	-129,235	–	-1.50%	–

Q2 2014

			Value		Shares		↓ Weighting
ULTI	New	ULTIMATE SOFTWARE GROUP INC	$18,040,000	–	130,567	–	2.02%	–
FTK	New	FLOTEK INDUSTRIES INC.	$17,608,000	–	547,525	–	1.98%	–
POL	New	POLYONE CORPORATION	$17,452,000	–	414,149	–	1.96%	–
CNC	New	CENTENE CORPORATION	$16,894,000	–	223,430	–	1.90%	–
SLCA	New	US SILICA HOLDINGS INC.	$16,685,000	–	300,947	–	1.87%	–
PCRX	New	PACIRA PHARMACEUTICALS INC.	$15,286,000	–	166,400	–	1.71%	–
THRM	New	GENTHERM INC.	$14,353,000	–	322,894	–	1.61%	–
MIDD	New	MIDDLEBY CORP	$14,340,000	–	173,355	–	1.61%	–
AZPN	New	ASPEN TECHNOLOGY	$14,175,000	–	305,505	–	1.59%	–
LOPE	New	GRAND CANYON EDUCATION INC.	$13,407,000	–	291,643	–	1.50%	–
OPEN	New	OPENTABLE INC.	$13,389,000	–	129,235	–	1.50%	–
LGND	New	LIGAND PHARMACEUTICALS - CL B	$13,185,000	–	211,665	–	1.48%	–
SBNY	New	SIGNATURE BANK	$12,026,000	–	95,306	–	1.35%	–
CRZO	New	CARRIZO OIL & GAS INC.	$11,854,000	–	171,145	–	1.33%	–
TRAK	New	DEALERTRAK HOLDINGS INC	$11,761,000	–	259,385	–	1.32%	–
GMED	New	GLOBUS MEDICAL INC.	$11,317,000	–	473,105	–	1.27%	–
EFII	New	ELECTRONICS FOR IMAGING	$11,103,000	–	245,645	–	1.24%	–
TMH	New	TEAM HEALTH HOLDINGS INC	$11,070,000	–	221,669	–	1.24%	–
OMCL	New	OMNICELL INC	$10,593,000	–	368,980	–	1.19%	–
ECOL	New	US ECOLOGY INC.	$10,565,000	–	215,840	–	1.18%	–
LFUS	New	LITTELFUSE INC.	$10,401,000	–	111,895	–	1.17%	–
SRCL	New	STERICYCLE INC	$10,307,000	–	87,039	–	1.16%	–
EEFT	New	EURONET WORLDWIDE INC	$10,190,000	–	211,245	–	1.14%	–
MANH	New	MANHATTAN ASSOCIATES INC.	$10,189,000	–	295,928	–	1.14%	–
MNRO	New	MONRO MUFFLER BRAKE INC.	$10,128,000	–	190,410	–	1.14%	–
CNQR	New	CONCUR TECHNOLOGIES INC	$9,575,000	–	102,584	–	1.07%	–
ASGN	New	ON ASSIGNMENT INC	$9,561,000	–	268,800	–	1.07%	–
CBST	New	CUBIST PHARMACEUTICALS INC.	$9,544,000	–	136,698	–	1.07%	–
PZZA	New	PAPA JOHNS INTL INC	$9,186,000	–	216,698	–	1.03%	–
IHS	New	IHS INC. CL A	$9,155,000	–	67,481	–	1.03%	–
TNC	New	TENNANT CO.	$8,891,000	–	116,500	–	1.00%	–
HCSG	New	HEALTHCARE SERVICES GROUP	$8,780,000	–	298,236	–	0.98%	–
CIEN	New	CIENA CORPORATION	$8,746,000	–	403,763	–	0.98%	–
MKTX	New	MARETAXESS HOLDINGS INC.	$8,634,000	–	159,712	–	0.97%	–
FDS	New	FACTSET RESH SYS INC	$8,610,000	–	71,582	–	0.97%	–
VASC	New	VASCULAR SOLUTIONS INC.	$8,410,000	–	378,987	–	0.94%	–
INVN	New	INVENSENSE INC.	$8,073,000	–	355,790	–	0.90%	–
ECPG	New	ENCORE CAP GROUP INC	$8,038,000	–	176,975	–	0.90%	–
HPY	New	HEARTLAND PAYMENT SYSTEMS INC	$7,983,000	–	193,720	–	0.90%	–
FTI	New	FMC TECHNOLOGIES, INC.	$7,975,000	–	130,591	–	0.89%	–
TEN	New	TENNECO INC.	$7,974,000	–	121,369	–	0.89%	–
BWLD	New	BUFFALO WILD WINGS INC.	$7,922,000	–	47,809	–	0.89%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$7,829,000	–	51,984	–	0.88%	–
CSGP	New	COSTAR GROUP INC	$7,726,000	–	48,847	–	0.87%	–
MMS	New	MAXIMUS	$7,680,000	–	178,533	–	0.86%	–
ALGN	New	ALIGN TECHNOLOGY INC	$7,638,000	–	136,294	–	0.86%	–
NVDQ	New	NOVADAQ TECHNOLOGIES INC.	$7,622,000	–	462,481	–	0.86%	–
ALLT	New	ALLOT COMMUNICATIONS LTD	$7,619,000	–	583,820	–	0.85%	–
ROL	New	ROLLINS INC.	$7,598,000	–	253,251	–	0.85%	–
TYL	New	TYLER TECHNOLOGIES INC.	$7,541,000	–	82,677	–	0.85%	–
CCOI	New	COGENT COMMUNICATIONS GROUP	$7,537,000	–	218,158	–	0.84%	–
TRIP	New	TRIPADVISOR INC.	$7,538,000	–	69,375	–	0.84%	–
MRTN	New	MARTEN TRANSPORT LTD.	$7,510,000	–	336,035	–	0.84%	–
LKQ	New	LKQ CORP	$7,420,000	–	278,015	–	0.83%	–
CHUY	New	CHUY'S HOLDINGS INC.	$7,351,000	–	202,504	–	0.82%	–
CERN	New	CERNER CORP.	$7,303,000	–	141,584	–	0.82%	–
AMTD	New	AMERITRADE HOLDING CORP.	$7,112,000	–	226,869	–	0.80%	–
PGI	New	PREMIERE GLOBAL SERVICES INC.	$7,088,000	–	530,965	–	0.80%	–
SAIA	New	SAIA INC.	$7,017,000	–	159,730	–	0.79%	–
WAGE	New	WAGEWORKS INC.	$7,000,000	–	145,200	–	0.78%	–
THS	New	TREEHOUSE FOODS INC.	$6,969,000	–	87,035	–	0.78%	–
RUSHA	New	RUSH ENTERPRISES INC. -CL A	$6,961,000	–	200,765	–	0.78%	–
SWI	New	SOLARWINDS INC.	$6,942,000	–	179,565	–	0.78%	–
PRLB	New	PROTO LABS INC.	$6,897,000	–	84,193	–	0.77%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP.	$6,883,000	–	222,095	–	0.77%	–
CBM	New	CAMBREX CORP.	$6,888,000	–	332,730	–	0.77%	–
ECL	New	ECOLAB INC.	$6,872,000	–	61,721	–	0.77%	–
AIMC	New	ALTRA INDUSTRIAL MOTION CORP	$6,809,000	–	187,115	–	0.76%	–
UNFI	New	UNITED NATURAL FOODS INC.	$6,804,000	–	104,520	–	0.76%	–
MPWR	New	MONOLITHIC POWER SYSTEMS INC.	$6,794,000	–	160,425	–	0.76%	–
TPX	New	TEMPUR-PEDIC INTERNATIONAL INC	$6,790,000	–	113,729	–	0.76%	–
FEIC	New	FEI COMPANY	$6,788,000	–	74,813	–	0.76%	–
TRMB	New	TRIMBLE NAVIGATION LTD	$6,769,000	–	183,204	–	0.76%	–
MELI	New	MERCADOLIBRE INC.	$6,715,000	–	70,392	–	0.75%	–
GB	New	GREATBATCH INC.	$6,685,000	–	136,260	–	0.75%	–
RPXC	New	RPX CORP.	$6,630,000	–	373,543	–	0.74%	–
KMX	New	CARMAX, INC	$6,614,000	–	127,175	–	0.74%	–
HXL	New	HEXCEL CORP	$6,577,000	–	160,815	–	0.74%	–
CAVM	New	CAVIUM INC.	$6,526,000	–	131,410	–	0.73%	–
ISSI	New	INTEGRATED SILICON SOLUTION	$6,520,000	–	441,455	–	0.73%	–
WDAY	New	WORKDAY INC	$6,512,000	–	72,465	–	0.73%	–
MWIV	New	MWI VETERINARY SUPPLY INC.	$6,425,000	–	45,253	–	0.72%	–
CPHD	New	CEPHEID INC.	$6,339,000	–	132,235	–	0.71%	–
PCLN	New	PRICELINE.COM INC	$6,085,000	–	5,058	–	0.68%	–
RVBD	New	RIVERBED TECHNOLOGY INC	$5,883,000	–	285,165	–	0.66%	–
FNGN	New	FINANCIAL ENGINES INC.	$5,831,000	–	128,781	–	0.65%	–
SFM	New	SPROUTS FARMERS MARKETS INC.	$5,607,000	–	171,358	–	0.63%	–
LNKD	New	LINKEDIN CORPORATION	$5,365,000	–	31,286	–	0.60%	–
CASY	New	CASEY'S GENERAL STORES INC.	$5,345,000	–	76,045	–	0.60%	–
ARG	New	AIRGAS, INC.	$5,255,000	–	48,253	–	0.59%	–
FAST	New	FASTENAL CO	$5,208,000	–	105,224	–	0.58%	–
CRI	New	CARTER'S INC	$4,540,000	–	65,868	–	0.51%	–
T102PS	New	SILICON IMAGE INC.	$4,524,000	–	897,590	–	0.51%	–
VNCE	New	VINCE HOLDING CORP.	$4,237,000	–	115,715	–	0.48%	–
TREX	New	TREX COMPANY INC.	$3,581,000	–	124,267	–	0.40%	–
CLB	New	CORE LABORATORIES N V	$3,505,000	–	20,983	–	0.39%	–
MTZ	New	MASTEC INC COM	$3,452,000	–	111,990	–	0.39%	–
BCC	New	BOISE CASCADE CO	$3,401,000	–	118,740	–	0.38%	–
ATHN	New	ATHENAHEALTH INC.	$3,155,000	–	25,210	–	0.35%	–
	New	Pandora A/S	$1,669,000	–	21,798	–	0.19%	–
	New	Nishio Rent All Co., Ltd.	$1,202,000	–	27,800	–	0.14%	–
	New	u-blox Holding AG	$1,181,000	–	9,202	–	0.13%	–
	New	Auriga Industries A/S Class B	$1,137,000	–	20,245	–	0.13%	–
	New	Optimal Payments Plc	$1,123,000	–	151,934	–	0.13%	–
	New	M3, Inc.	$1,107,000	–	62,800	–	0.12%	–
	New	Pigeon Corporation	$1,087,000	–	18,400	–	0.12%	–
	New	COLOPL, Inc.	$1,080,000	–	25,000	–	0.12%	–
	New	Kose Corporation	$1,069,000	–	24,700	–	0.12%	–
	New	Nihon M&A Center Inc.	$1,057,000	–	36,300	–	0.12%	–
	New	Ashtead Group plc	$1,057,000	–	70,834	–	0.12%	–
	New	Bankers Petroleum Ltd.	$1,065,000	–	185,895	–	0.12%	–
	New	REA Group Ltd	$1,046,000	–	24,754	–	0.12%	–
	New	Fisher & Paykel Healthcare Cor	$1,001,000	–	245,669	–	0.11%	–
	New	Home Capital Group Inc.	$980,000	–	19,782	–	0.11%	–
	New	Dollarama Inc.	$960,000	–	11,174	–	0.11%	–
	New	Iinet Limited	$954,000	–	127,730	–	0.11%	–
	New	WH Smith PLC	$929,000	–	50,833	–	0.10%	–
	New	Man Wah Holdings Limited	$898,000	–	587,600	–	0.10%	–
	New	Nihon Kohden Corporation	$880,000	–	16,700	–	0.10%	–
	New	Banca IFIS S.p.A.	$870,000	–	46,334	–	0.10%	–
	New	Ingenico SA	$845,000	–	8,577	–	0.10%	–
	New	HEXPOL AB Class B	$826,000	–	9,612	–	0.09%	–
	New	Eurofins Scientific Societe Eu	$833,000	–	2,816	–	0.09%	–
	New	Tsuruha Holdings Inc.	$823,000	–	14,200	–	0.09%	–
	New	OSIM International Ltd	$822,000	–	371,000	–	0.09%	–
	New	Savills plc	$796,000	–	75,752	–	0.09%	–
	New	Teleperformance SA	$791,000	–	11,945	–	0.09%	–
	New	Azimut Holding S.p.A.	$774,000	–	33,221	–	0.09%	–
	New	Bonterra Energy Corp.	$756,000	–	13,300	–	0.08%	–
	New	Rightmove plc	$741,000	–	18,415	–	0.08%	–
	New	Resorttrust, Inc.	$742,000	–	32,700	–	0.08%	–
	New	Durr AG	$743,000	–	9,638	–	0.08%	–
	New	Georg Fischer AG	$743,000	–	1,143	–	0.08%	–
	New	Artis Real Estate Investment T	$743,000	–	51,048	–	0.08%	–
	New	Flughafen Wien AG	$734,000	–	8,256	–	0.08%	–
	New	Jupiter Fund Management plc	$728,000	–	116,864	–	0.08%	–
	New	Opera Software ASA	$722,000	–	61,709	–	0.08%	–
	New	Badger Daylighting Ltd.	$724,000	–	27,238	–	0.08%	–
	New	Techtronic Industries Co., Ltd	$715,000	–	226,983	–	0.08%	–
	New	Element Financial Corporation	$705,000	–	51,880	–	0.08%	–
	New	Stantec Inc.	$701,000	–	10,823	–	0.08%	–
	New	Bertrandt AG	$689,000	–	5,480	–	0.08%	–
	New	Wirecard AG	$687,000	–	18,807	–	0.08%	–
	New	Sundrug Co., Ltd.	$666,000	–	13,900	–	0.08%	–
	New	Carsales.Com Limited	$672,000	–	65,158	–	0.08%	–
	New	Nolato AB Class B	$667,000	–	27,774	–	0.08%	–
	New	Plastic Omnium SA	$664,000	–	26,127	–	0.07%	–
	New	Elementis plc	$623,000	–	127,967	–	0.07%	–
	New	Essentra plc	$617,000	–	45,611	–	0.07%	–
	New	Nihon Nohyaku Co., Ltd.	$616,000	–	56,200	–	0.07%	–
	New	Canadian Apartment Properties	$612,000	–	27,968	–	0.07%	–
	New	Black Diamond Group Limited	$612,000	–	23,773	–	0.07%	–
	New	International Personal Finance	$593,000	–	68,726	–	0.07%	–
	New	Aberdeen Asset Management PLC	$594,000	–	83,783	–	0.07%	–
	New	Topdanmark A/S	$600,000	–	19,679	–	0.07%	–
	New	Castellum AB	$586,000	–	35,527	–	0.07%	–
	New	Cosmos Pharmaceutical Corporat	$579,000	–	4,300	–	0.06%	–
	New	Keller Group plc	$576,000	–	40,191	–	0.06%	–
	New	Ship Healthcare Holdings, Inc.	$570,000	–	17,000	–	0.06%	–
	New	Zodiac Aerospace SA	$558,000	–	17,650	–	0.06%	–
	New	Cominar Real Estate Investment	$547,000	–	30,800	–	0.06%	–
	New	Greene King plc	$540,000	–	40,738	–	0.06%	–
	New	Galaxy Entertainment Group Lim	$547,000	–	70,000	–	0.06%	–
	New	Brembo S.p.A.	$531,000	–	15,600	–	0.06%	–
	New	Park24 Co., Ltd.	$531,000	–	28,300	–	0.06%	–
	New	TGS-NOPEC Geophysical Company	$472,000	–	16,147	–	0.05%	–
	New	Victrex plc	$461,000	–	15,755	–	0.05%	–
	New	Croda International Plc	$364,000	–	9,931	–	0.04%	–
	New	John Wood Group PLC	$337,000	–	27,099	–	0.04%	–

Q4 2013

			Value		Shares		↓ Weighting
	Exit	Forge Group Ltd.	$0	–	-16,500	–	-0.01%	–
	Exit	Diploma PLC	$0	–	-11,300	–	-0.01%	–
	Exit	Elementis PLC	$0	–	-29,630	–	-0.01%	–
	Exit	Jupiter Fund Management PLC	$0	–	-22,000	–	-0.01%	–
	Exit	Galaxy Entertainment Group Ltd	$0	–	-21,000	–	-0.01%	–
	Exit	Opera Software ASA	$0	–	-14,100	–	-0.01%	–
	Exit	International Personal Finance	$0	–	-15,800	–	-0.01%	–
	Exit	Man Wah Holdings Ltd.	$0	–	-92,000	–	-0.01%	–
	Exit	Savills PLC	$0	–	-13,150	–	-0.01%	–
	Exit	Essentra PLC	$0	–	-10,600	–	-0.01%	–
	Exit	FlexiGroup Ltd.	$0	–	-29,330	–	-0.01%	–
	Exit	William Hill PLC	$0	–	-17,000	–	-0.01%	–
	Exit	Aberdeen Asset Management PLC	$0	–	-19,430	–	-0.01%	–
	Exit	Nihon Nohyaku Co. Ltd.	$0	–	-13,000	–	-0.01%	–
	Exit	carsales.com Ltd.	$0	–	-15,100	–	-0.01%	–
	Exit	Techtronic Industries Co. Ltd.	$0	–	-53,000	–	-0.01%	–
	Exit	WACOM Co. Ltd.	$0	–	-12,000	–	-0.01%	–
	Exit	iiNET Ltd.	$0	–	-21,650	–	-0.01%	–
	Exit	Element Financial Corp.	$0	–	-12,000	–	-0.01%	–
	Exit	Sa Sa International Holdings L	$0	–	-140,000	–	-0.01%	–
	Exit	Ashtead Group PLC	$0	–	-16,200	–	-0.01%	–
	Exit	Super Group Ltd.	$0	–	-46,000	–	-0.01%	–
	Exit	Pandora A/S	$0	–	-6,300	–	-0.02%	–
	Exit	ASOS PLC	$0	–	-3,350	–	-0.02%	–
ELLI	Exit	ELLIE MAE INC.	$0	–	-99,475	–	-0.19%	–
QLIK	Exit	QLIK TECHNOLOGIES INC.	$0	–	-101,983	–	-0.22%	–
TDC	Exit	TERADATA CORP.	$0	–	-77,843	–	-0.29%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-28,285	–	-0.30%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-20,460	–	-0.32%	–
SMTC	Exit	SEMTECH CORP COM	$0	–	-123,300	–	-0.32%	–
FAST	Exit	FASTENAL CO	$0	–	-86,399	–	-0.34%	–
BCC	Exit	BOISE CASCADE CO	$0	–	-192,640	–	-0.38%	–
SALE	Exit	RETAILMENOT INC.	$0	–	-151,525	–	-0.41%	–
PETM	Exit	PETSMART INC COM	$0	–	-65,910	–	-0.41%	–
ARG	Exit	AIRGAS, INC.	$0	–	-47,865	–	-0.44%	–
SODA	Exit	SODASTREAM INTERNATIONAL LTD	$0	–	-99,882	–	-0.47%	–
FTI	Exit	FMC TECHNOLOGIES, INC.	$0	–	-115,587	–	-0.49%	–
KMX	Exit	CARMAX, INC	$0	–	-126,051	–	-0.51%	–
T102PS	Exit	SILICON IMAGE INC.	$0	–	-1,176,700	–	-0.51%	–
CRI	Exit	CARTER'S INC	$0	–	-88,963	–	-0.52%	–
IHS	Exit	IHS INC. CL A	$0	–	-55,855	–	-0.52%	–
AMTD	Exit	AMERITRADE HOLDING CORP.	$0	–	-225,012	–	-0.53%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-51,562	–	-0.54%	–
ECL	Exit	ECOLAB INC.	$0	–	-61,221	–	-0.55%	–
NEOG	Exit	NEOGEN CORP	$0	–	-139,417	–	-0.56%	–
PCLN	Exit	PRICELINE.COM INC	$0	–	-6,550	–	-0.57%	–
ROL	Exit	ROLLINS INC.	$0	–	-251,206	–	-0.57%	–
MELI	Exit	MERCADOLIBRE INC.	$0	–	-58,164	–	-0.58%	–
CARB	Exit	CARBONITE INC	$0	–	-709,700	–	-0.64%	–
FDS	Exit	FACTSET RESH SYS INC	$0	–	-71,117	–	-0.66%	–
CERN	Exit	CERNER CORP.	$0	–	-140,428	–	-0.67%	–
TREX	Exit	TREX COMPANY INC.	$0	–	-115,371	–	-0.68%	–
TTSH	Exit	TILE SHOP HLDGS INC	$0	–	-380,481	–	-0.71%	–
LKQ	Exit	LKQ CORP	$0	–	-276,302	–	-0.73%	–
ROLL	Exit	RBC BEARINGS INC.	$0	–	-129,180	–	-0.74%	–
TRMB	Exit	TRIMBLE NAVIGATION LTD	$0	–	-281,319	–	-0.75%	–
CNQR	Exit	CONCUR TECHNOLOGIES INC	$0	–	-92,156	–	-0.76%	–
LNKD	Exit	LINKEDIN CORPORATION	$0	–	-42,501	–	-0.77%	–
MMS	Exit	MAXIMUS	$0	–	-195,175	–	-0.77%	–
VASC	Exit	VASCULAR SOLUTIONS INC.	$0	–	-482,122	–	-0.81%	–
INVN	Exit	INVENSENSE INC.	$0	–	-605,210	–	-0.83%	–
SRCL	Exit	STERICYCLE INC	$0	–	-86,362	–	-0.85%	–
ABCO	Exit	ADVISORY BOARD CO	$0	–	-166,856	–	-0.86%	–
PCRX	Exit	PACIRA PHARMACEUTICALS INC.	$0	–	-211,730	–	-0.86%	–
XOOM	Exit	XOOM CORP.	$0	–	-368,710	–	-0.87%	–
HCSG	Exit	HEALTHCARE SERVICES GROUP	$0	–	-398,526	–	-0.91%	–
BCOV	Exit	BRIGHTCOVE INC.	$0	–	-733,850	–	-0.92%	–
CBST	Exit	CUBIST PHARMACEUTICALS INC.	$0	–	-175,883	–	-0.93%	–
TMH	Exit	TEAM HEALTH HOLDINGS INC	$0	–	-253,504	–	-0.94%	–
TNC	Exit	TENNANT CO.	$0	–	-192,300	–	-0.95%	–
BWLD	Exit	BUFFALO WILD WINGS INC.	$0	–	-78,709	–	-0.96%	–
FIVE	Exit	FIVE BELOW	$0	–	-225,500	–	-0.96%	–
TRAK	Exit	DEALERTRAK HOLDINGS INC	$0	–	-285,845	–	-0.99%	–
WAGE	Exit	WAGEWORKS INC.	$0	–	-222,700	–	-1.00%	–
GTLS	Exit	CHART INDUSTRIES INC.	$0	–	-126,999	–	-1.05%	–
PZZA	Exit	PAPA JOHNS INTL INC	$0	–	-164,399	–	-1.07%	–
NVDQ	Exit	NOVADAQ TECHNOLOGIES INC.	$0	–	-771,296	–	-1.07%	–
CASY	Exit	CASEY'S GENERAL STORES INC.	$0	–	-164,410	–	-1.08%	–
OPEN	Exit	OPENTABLE INC.	$0	–	-167,145	–	-1.08%	–
MANH	Exit	MANHATTAN ASSOCIATES INC.	$0	–	-120,332	–	-1.09%	–
THRM	Exit	GENTHERM INC.	$0	–	-581,614	–	-1.13%	–
ECPG	Exit	ENCORE CAP GROUP INC	$0	–	-291,375	–	-1.14%	–
PRXL	Exit	PAREXEL INTERNATIONAL CORP	$0	–	-319,365	–	-1.15%	–
UNFI	Exit	UNITED NATURAL FOODS INC.	$0	–	-197,870	–	-1.16%	–
DORM	Exit	DORMAN PRODUCTS INC.	$0	–	-291,661	–	-1.17%	–
LAD	Exit	LITHIA MOTORS INC.	$0	–	-222,808	–	-1.19%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-248,414	–	-1.20%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-664,263	–	-1.29%	–
HSTM	Exit	HEALTHSTREAM INC.	$0	–	-483,768	–	-1.31%	–
CHUY	Exit	CHUY'S HOLDINGS INC.	$0	–	-415,124	–	-1.32%	–
HPY	Exit	HEARTLAND PAYMENT SYSTEMS INC	$0	–	-387,025	–	-1.32%	–
BOFI	Exit	BOFI HOLDING INC.	$0	–	-239,220	–	-1.33%	–
FNGN	Exit	FINANCIAL ENGINES INC.	$0	–	-277,351	–	-1.34%	–
TEN	Exit	TENNECO INC.	$0	–	-305,044	–	-1.36%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-156,835	–	-1.36%	–
SLCA	Exit	US SILICA HOLDINGS INC.	$0	–	-495,647	–	-1.39%	–
HXL	Exit	HEXCEL CORP	$0	–	-388,630	–	-1.42%	–
FTK	Exit	FLOTEK INDUSTRIES INC.	$0	–	-804,748	–	-1.44%	–
RPXC	Exit	RPX CORP.	$0	–	-1,009,163	–	-1.45%	–
FEIC	Exit	FEI COMPANY	$0	–	-202,473	–	-1.51%	–
CCOI	Exit	COGENT COMMUNICATIONS GROUP	$0	–	-529,093	–	-1.53%	–
MKTX	Exit	MARETAXESS HOLDINGS INC.	$0	–	-287,222	–	-1.61%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC.	$0	–	-410,131	–	-1.61%	–
MWIV	Exit	MWI VETERINARY SUPPLY INC.	$0	–	-123,998	–	-1.66%	–
POL	Exit	POLYONE CORPORATION	$0	–	-652,609	–	-1.66%	–
LOPE	Exit	GRAND CANYON EDUCATION INC.	$0	–	-424,393	–	-1.68%	–
LGND	Exit	LIGAND PHARMACEUTICALS - CL B	$0	–	-444,200	–	-1.73%	–
LOCK	Exit	LIFELOCK INC.	$0	–	-1,435,981	–	-1.91%	–
CNC	Exit	CENTENE CORPORATION	$0	–	-416,330	–	-1.98%	–
PRLB	Exit	PROTO LABS INC.	$0	–	-298,515	–	-2.02%	–
TYL	Exit	TYLER TECHNOLOGIES INC.	$0	–	-263,352	–	-2.08%	–
BLOX	Exit	INFOBLOX INC.	$0	–	-585,966	–	-2.12%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-630,230	–	-2.22%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-139,710	–	-2.58%	–
ULTI	Exit	ULTIMATE SOFTWARE GROUP INC	$0	–	-212,486	–	-2.79%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-203,141	–	-2.96%	–
MDSO	Exit	MEDIDATA SOLUTIONS INC.	$0	–	-339,991	–	-3.11%	–

Q3 2013

			Value		Shares		↓ Weighting
MDSO	Sell	MEDIDATA SOLUTIONS INC.	$36,423,000	-18.8%	339,991	-41.3%	3.11%	-14.2%
CSGP	Sell	COSTAR GROUP INC	$34,619,000	+10.3%	203,141	-16.4%	2.96%	+16.6%
ULTI	Sell	ULTIMATE SOFTWARE GROUP INC	$32,606,000	+15.4%	212,486	-11.8%	2.79%	+21.9%
MIDD	Sell	MIDDLEBY CORP	$30,215,000	-1.7%	139,710	-22.7%	2.58%	+3.8%
EEFT	Buy	EURONET WORLDWIDE INC	$25,959,000	+58.5%	630,230	+22.6%	2.22%	+67.5%
BLOX	Sell	INFOBLOX INC.	$24,792,000	+21.2%	585,966	-16.2%	2.12%	+28.0%
TYL	Sell	TYLER TECHNOLOGIES INC.	$24,313,000	+9.7%	263,352	-18.6%	2.08%	+15.8%
PRLB	Sell	PROTO LABS INC.	$23,577,000	+1.8%	298,515	-16.2%	2.02%	+7.6%
CNC	Buy	CENTENE CORPORATION	$23,148,000	+35.7%	416,330	+28.0%	1.98%	+43.3%
LOCK	Buy	LIFELOCK INC.	$22,373,000	+90.9%	1,435,981	+43.5%	1.91%	+101.7%
LGND	Sell	LIGAND PHARMACEUTICALS - CL B	$20,273,000	-35.5%	444,200	-47.1%	1.73%	-31.8%
LOPE	New	GRAND CANYON EDUCATION INC.	$19,654,000	–	424,393	–	1.68%	–
POL	Sell	POLYONE CORPORATION	$19,454,000	+0.5%	652,609	-16.5%	1.66%	+6.2%
MWIV	Buy	MWI VETERINARY SUPPLY INC.	$19,360,000	+47.8%	123,998	+16.6%	1.66%	+56.1%
GWRE	Sell	GUIDEWIRE SOFTWARE INC.	$18,850,000	-18.6%	410,131	-25.5%	1.61%	-14.0%
MKTX	Sell	MARETAXESS HOLDINGS INC.	$18,806,000	+23.0%	287,222	-12.2%	1.61%	+29.9%
CCOI	Sell	COGENT COMMUNICATIONS GROUP	$17,936,000	+7.3%	529,093	-10.9%	1.53%	+13.4%
FEIC	Sell	FEI COMPANY	$17,658,000	-9.6%	202,473	-24.3%	1.51%	-4.5%
RPXC	Sell	RPX CORP.	$16,994,000	-15.9%	1,009,163	-16.1%	1.45%	-11.2%
FTK	Sell	FLOTEK INDUSTRIES INC.	$16,843,000	+4.0%	804,748	-10.8%	1.44%	+9.9%
HXL	Sell	HEXCEL CORP	$16,657,000	+19.2%	388,630	-5.3%	1.42%	+25.9%
SLCA	Sell	US SILICA HOLDINGS INC.	$16,227,000	+32.1%	495,647	-16.2%	1.39%	+39.5%
SBNY	Sell	SIGNATURE BANK	$15,911,000	-8.0%	156,835	-24.7%	1.36%	-2.9%
TEN	Sell	TENNECO INC.	$15,853,000	-3.8%	305,044	-16.2%	1.36%	+1.7%
FNGN	Sell	FINANCIAL ENGINES INC.	$15,668,000	-18.9%	277,351	-34.6%	1.34%	-14.3%
BOFI	Sell	BOFI HOLDING INC.	$15,559,000	-14.9%	239,220	-40.0%	1.33%	-10.0%
HPY	Buy	HEARTLAND PAYMENT SYSTEMS INC	$15,427,000	+31.6%	387,025	+23.0%	1.32%	+39.1%
CHUY	Sell	CHUY'S HOLDINGS INC.	$15,401,000	-19.6%	415,124	-16.9%	1.32%	-15.1%
HSTM	Buy	HEALTHSTREAM INC.	$15,379,000	+48.5%	483,768	+18.2%	1.31%	+56.8%
CIEN	New	CIENA CORPORATION	$15,099,000	–	664,263	–	1.29%	–
ALGN	Sell	ALIGN TECHNOLOGY INC	$14,068,000	+18.9%	248,414	-22.2%	1.20%	+25.6%
LAD	Sell	LITHIA MOTORS INC.	$13,905,000	-29.8%	222,808	-40.1%	1.19%	-25.9%
DORM	Sell	DORMAN PRODUCTS INC.	$13,714,000	-29.1%	291,661	-31.2%	1.17%	-25.1%
UNFI	Sell	UNITED NATURAL FOODS INC.	$13,540,000	+18.1%	197,870	-6.8%	1.16%	+24.7%
PRXL	Sell	PAREXEL INTERNATIONAL CORP	$13,484,000	-14.8%	319,365	-7.2%	1.15%	-10.0%
ECPG	New	ENCORE CAP GROUP INC	$13,380,000	–	291,375	–	1.14%	–
THRM	Sell	GENTHERM INC.	$13,261,000	-5.9%	581,614	-23.4%	1.13%	-0.6%
MANH	Sell	MANHATTAN ASSOCIATES INC.	$12,707,000	+14.6%	120,332	-16.3%	1.09%	+21.1%
OPEN	New	OPENTABLE INC.	$12,643,000	–	167,145	–	1.08%	–
CASY	New	CASEY'S GENERAL STORES INC.	$12,623,000	–	164,410	–	1.08%	–
NVDQ	Sell	NOVADAQ TECHNOLOGIES INC.	$12,549,000	-22.7%	771,296	-36.0%	1.07%	-18.3%
PZZA	Buy	PAPA JOHNS INTL INC	$12,488,000	+65.6%	164,399	+42.5%	1.07%	+74.9%
GTLS	Buy	CHART INDUSTRIES INC.	$12,319,000	+4.1%	126,999	+0.9%	1.05%	+9.9%
WAGE	New	WAGEWORKS INC.	$11,750,000	–	222,700	–	1.00%	–
TRAK	New	DEALERTRAK HOLDINGS INC	$11,577,000	–	285,845	–	0.99%	–
FIVE	New	FIVE BELOW	$11,286,000	–	225,500	–	0.96%	–
BWLD	Sell	BUFFALO WILD WINGS INC.	$11,261,000	+22.3%	78,709	-16.0%	0.96%	+29.1%
TNC	Sell	TENNANT CO.	$11,163,000	+1.0%	192,300	-16.0%	0.95%	+6.7%
TMH	Sell	TEAM HEALTH HOLDINGS INC	$11,060,000	-32.9%	253,504	-36.9%	0.94%	-29.2%
CBST	Sell	CUBIST PHARMACEUTICALS INC.	$10,852,000	-14.3%	175,883	-32.9%	0.93%	-9.5%
BCOV	New	BRIGHTCOVE INC.	$10,773,000	–	733,850	–	0.92%	–
HCSG	Sell	HEALTHCARE SERVICES GROUP	$10,665,000	-8.6%	398,526	-16.3%	0.91%	-3.4%
XOOM	New	XOOM CORP.	$10,140,000	–	368,710	–	0.87%	–
PCRX	New	PACIRA PHARMACEUTICALS INC.	$10,108,000	–	211,730	–	0.86%	–
ABCO	Buy	ADVISORY BOARD CO	$10,063,000	+38.8%	166,856	+25.8%	0.86%	+46.8%
SRCL	Sell	STERICYCLE INC	$9,961,000	+1.3%	86,362	-3.0%	0.85%	+6.9%
INVN	Sell	INVENSENSE INC.	$9,677,000	-12.8%	605,210	-16.1%	0.83%	-7.9%
VASC	Sell	VASCULAR SOLUTIONS INC.	$9,479,000	+11.3%	482,122	-16.7%	0.81%	+17.6%
MMS	New	MAXIMUS	$9,058,000	–	195,175	–	0.77%	–
LNKD	Sell	LINKEDIN CORPORATION	$8,988,000	+15.0%	42,501	-3.0%	0.77%	+21.5%
CNQR	Sell	CONCUR TECHNOLOGIES INC	$8,852,000	+14.5%	92,156	-3.0%	0.76%	+20.9%
TRMB	Sell	TRIMBLE NAVIGATION LTD	$8,800,000	+16.7%	281,319	-3.0%	0.75%	+23.3%
ROLL	Sell	RBC BEARINGS INC.	$8,658,000	+8.2%	129,180	-16.2%	0.74%	+14.4%
LKQ	Sell	LKQ CORP	$8,524,000	+16.2%	276,302	-3.0%	0.73%	+22.9%
TTSH	Sell	TILE SHOP HLDGS INC	$8,291,000	-66.0%	380,481	-54.9%	0.71%	-64.1%
TREX	Sell	TREX COMPANY INC.	$7,901,000	-41.3%	115,371	-59.3%	0.68%	-38.1%
CERN	Buy	CERNER CORP.	$7,875,000	+13.2%	140,428	+93.9%	0.67%	+19.5%
FDS	Sell	FACTSET RESH SYS INC	$7,725,000	+3.3%	71,117	-3.0%	0.66%	+9.1%
CARB	New	CARBONITE INC	$7,487,000	–	709,700	–	0.64%	–
MELI	Sell	MERCADOLIBRE INC.	$6,808,000	+5.3%	58,164	-3.0%	0.58%	+11.3%
ROL	Buy	ROLLINS INC.	$6,715,000	+178.9%	251,206	+170.2%	0.57%	+194.4%
PCLN	Sell	PRICELINE.COM INC	$6,700,000	+20.0%	6,550	-3.0%	0.57%	+26.8%
NEOG	Sell	NEOGEN CORP	$6,536,000	-59.9%	139,417	-52.5%	0.56%	-57.6%
ECL	Sell	ECOLAB INC.	$6,405,000	+19.1%	61,221	-3.0%	0.55%	+25.7%
ORLY	Sell	O REILLY AUTOMOTIVE INC	$6,347,000	+6.0%	51,562	-3.0%	0.54%	+12.0%
AMTD	Sell	AMERITRADE HOLDING CORP.	$6,163,000	+9.4%	225,012	-3.0%	0.53%	+15.6%
IHS	Sell	IHS INC. CL A	$6,099,000	+1.4%	55,855	-3.0%	0.52%	+7.2%
CRI	Sell	CARTER'S INC	$6,074,000	-23.9%	88,963	-17.4%	0.52%	-19.7%
T102PS	Sell	SILICON IMAGE INC.	$5,989,000	-27.1%	1,176,700	-16.2%	0.51%	-22.9%
KMX	New	CARMAX, INC	$5,990,000	–	126,051	–	0.51%	–
FTI	Sell	FMC TECHNOLOGIES, INC.	$5,715,000	-13.9%	115,587	-3.0%	0.49%	-9.1%
SODA	Sell	SODASTREAM INTERNATIONAL LTD	$5,487,000	-69.3%	99,882	-59.4%	0.47%	-67.6%
ARG	Buy	AIRGAS, INC.	$5,124,000	+30.5%	47,865	+16.4%	0.44%	+37.7%
PETM	Sell	PETSMART INC COM	$4,781,000	-10.0%	65,910	-16.9%	0.41%	-4.9%
SALE	New	RETAILMENOT INC.	$4,773,000	–	151,525	–	0.41%	–
BCC	Sell	BOISE CASCADE CO	$4,448,000	-58.6%	192,640	-54.4%	0.38%	-56.3%
FAST	New	FASTENAL CO	$4,017,000	–	86,399	–	0.34%	–
SMTC	Sell	SEMTECH CORP COM	$3,752,000	-27.3%	123,300	-16.3%	0.32%	-23.0%
CLB	New	CORE LABORATORIES N V	$3,724,000	–	20,460	–	0.32%	–
KSU	New	KANSAS CITY SOUTHERN	$3,465,000	–	28,285	–	0.30%	–
TDC	Sell	TERADATA CORP.	$3,379,000	-46.8%	77,843	-38.4%	0.29%	-43.8%
QLIK	Sell	QLIK TECHNOLOGIES INC.	$2,579,000	-81.0%	101,983	-78.7%	0.22%	-79.9%
ELLI	Sell	ELLIE MAE INC.	$2,239,000	-79.4%	99,475	-78.9%	0.19%	-78.3%
CTXS	Exit	CITRIX SYS INC COM	$0	–	-53,808	–	-0.26%	–
IPCM	Exit	IPC THE HOSPITALIST CO.	$0	–	-87,025	–	-0.36%	–
CGIPQ	Exit	CELADON GROUP INC	$0	–	-245,200	–	-0.36%	–
AWAY	Exit	HOMEAWAY INC.	$0	–	-179,678	–	-0.47%	–
MYGN	Exit	MYRIAD GENETICS, INC.	$0	–	-234,577	–	-0.51%	–
XXIA	Exit	IXIA	$0	–	-356,100	–	-0.53%	–
TFM	Exit	FRESH MARKET INC.,THE	$0	–	-141,143	–	-0.57%	–
BBRG	Exit	BRAVO BRIO RESTAURANT GROUP	$0	–	-417,110	–	-0.60%	–
EXLS	Exit	EXLSERVICE HOLDINGS INC.	$0	–	-317,500	–	-0.76%	–
HAWK	Exit	BLACKHAWK NETWORK HOLDINGS I	$0	–	-424,910	–	-0.80%	–
FIRE	Exit	SOURCEFIRE INC.	$0	–	-192,000	–	-0.86%	–
FRAN	Exit	FRANCESCAS HOLDINGS CORP	$0	–	-387,700	–	-0.87%	–
WPRT	Exit	WESTPORT INNOVATIONS	$0	–	-326,355	–	-0.88%	–
MRC	Exit	MRC GLOBAL INC.	$0	–	-396,600	–	-0.89%	–
IMPV	Exit	IMPERVA INC.	$0	–	-266,235	–	-0.97%	–
RFMD	Exit	RF MICRO DEVICES	$0	–	-2,375,855	–	-1.03%	–
CTRX	Exit	CATAMARAN CORPORATION	$0	–	-266,169	–	-1.05%	–
PFMT	Exit	PERFORMANT FINANCIAL CORP	$0	–	-1,121,915	–	-1.05%	–
CYNO	Exit	CYNOSURE INC-A	$0	–	-566,770	–	-1.19%	–
BECN	Exit	BEACON ROOFING SUPPLY INC.	$0	–	-576,500	–	-1.77%	–

Q2 2013

			Value		Shares		↓ Weighting
MDSO	New	MEDIDATA SOLUTIONS INC.	$44,835,000	–	578,890	–	3.63%	–
LGND	New	LIGAND PHARMACEUTICALS - CL B	$31,422,000	–	840,171	–	2.54%	–
CSGP	New	COSTAR GROUP INC	$31,380,000	–	243,122	–	2.54%	–
MIDD	New	MIDDLEBY CORP	$30,740,000	–	180,730	–	2.49%	–
ULTI	New	ULTIMATE SOFTWARE GROUP INC	$28,267,000	–	241,001	–	2.29%	–
TTSH	New	TILE SHOP HLDGS INC	$24,413,000	–	843,005	–	1.98%	–
PRLB	New	PROTO LABS INC.	$23,152,000	–	356,342	–	1.87%	–
GWRE	New	GUIDEWIRE SOFTWARE INC.	$23,153,000	–	550,600	–	1.87%	–
TYL	New	TYLER TECHNOLOGIES INC.	$22,172,000	–	323,445	–	1.79%	–
BECN	New	BEACON ROOFING SUPPLY INC.	$21,838,000	–	576,500	–	1.77%	–
BLOX	New	INFOBLOX INC.	$20,453,000	–	699,005	–	1.66%	–
RPXC	New	RPX CORP.	$20,216,000	–	1,203,305	–	1.64%	–
LAD	New	LITHIA MOTORS INC.	$19,816,000	–	371,720	–	1.60%	–
FEIC	New	FEI COMPANY	$19,527,000	–	267,425	–	1.58%	–
POL	New	POLYONE CORPORATION	$19,359,000	–	781,250	–	1.57%	–
DORM	New	DORMAN PRODUCTS INC.	$19,339,000	–	423,825	–	1.56%	–
FNGN	New	FINANCIAL ENGINES INC.	$19,321,000	–	423,800	–	1.56%	–
CHUY	New	CHUY'S HOLDINGS INC.	$19,158,000	–	499,700	–	1.55%	–
BOFI	New	BOFI HOLDING INC.	$18,273,000	–	398,800	–	1.48%	–
SODA	New	SODASTREAM INTERNATIONAL LTD	$17,894,000	–	246,307	–	1.45%	–
SBNY	New	SIGNATURE BANK	$17,301,000	–	208,400	–	1.40%	–
CNC	New	CENTENE CORPORATION	$17,063,000	–	325,250	–	1.38%	–
CCOI	New	COGENT COMMUNICATIONS GROUP	$16,716,000	–	593,820	–	1.35%	–
TMH	New	TEAM HEALTH HOLDINGS INC	$16,489,000	–	401,475	–	1.33%	–
TEN	New	TENNECO INC.	$16,478,000	–	363,905	–	1.33%	–
EEFT	New	EURONET WORLDWIDE INC	$16,375,000	–	513,960	–	1.32%	–
NEOG	New	NEOGEN CORP	$16,294,000	–	293,270	–	1.32%	–
NVDQ	New	NOVADAQ TECHNOLOGIES INC.	$16,226,000	–	1,205,475	–	1.31%	–
FTK	New	FLOTEK INDUSTRIES INC.	$16,194,000	–	902,650	–	1.31%	–
PRXL	New	PAREXEL INTERNATIONAL CORP	$15,818,000	–	344,100	–	1.28%	–
MKTX	New	MARETAXESS HOLDINGS INC.	$15,291,000	–	327,090	–	1.24%	–
CYNO	New	CYNOSURE INC-A	$14,725,000	–	566,770	–	1.19%	–
THRM	New	GENTHERM INC.	$14,096,000	–	759,100	–	1.14%	–
HXL	New	HEXCEL CORP	$13,978,000	–	410,500	–	1.13%	–
QLIK	New	QLIK TECHNOLOGIES INC.	$13,562,000	–	479,720	–	1.10%	–
TREX	New	TREX COMPANY INC.	$13,471,000	–	283,652	–	1.09%	–
MWIV	New	MWI VETERINARY SUPPLY INC.	$13,101,000	–	106,305	–	1.06%	–
PFMT	New	PERFORMANT FINANCIAL CORP	$13,003,000	–	1,121,915	–	1.05%	–
CTRX	New	CATAMARAN CORPORATION	$12,978,000	–	266,169	–	1.05%	–
RFMD	New	RF MICRO DEVICES	$12,699,000	–	2,375,855	–	1.03%	–
CBST	New	CUBIST PHARMACEUTICALS INC.	$12,666,000	–	262,300	–	1.02%	–
SLCA	New	US SILICA HOLDINGS INC.	$12,285,000	–	591,200	–	0.99%	–
IMPV	New	IMPERVA INC.	$11,991,000	–	266,235	–	0.97%	–
GTLS	New	CHART INDUSTRIES INC.	$11,838,000	–	125,820	–	0.96%	–
ALGN	New	ALIGN TECHNOLOGY INC	$11,829,000	–	319,350	–	0.96%	–
LOCK	New	LIFELOCK INC.	$11,722,000	–	1,001,000	–	0.95%	–
HPY	New	HEARTLAND PAYMENT SYSTEMS INC	$11,719,000	–	314,600	–	0.95%	–
HCSG	New	HEALTHCARE SERVICES GROUP	$11,672,000	–	476,020	–	0.94%	–
UNFI	New	UNITED NATURAL FOODS INC.	$11,466,000	–	212,370	–	0.93%	–
INVN	New	INVENSENSE INC.	$11,100,000	–	721,710	–	0.90%	–
MANH	New	MANHATTAN ASSOCIATES INC.	$11,090,000	–	143,732	–	0.90%	–
TNC	New	TENNANT CO.	$11,049,000	–	228,900	–	0.89%	–
MRC	New	MRC GLOBAL INC.	$10,954,000	–	396,600	–	0.89%	–
WPRT	New	WESTPORT INNOVATIONS	$10,943,000	–	326,355	–	0.88%	–
ELLI	New	ELLIE MAE INC.	$10,889,000	–	471,775	–	0.88%	–
FRAN	New	FRANCESCAS HOLDINGS CORP	$10,774,000	–	387,700	–	0.87%	–
BCC	New	BOISE CASCADE CO	$10,744,000	–	422,840	–	0.87%	–
FIRE	New	SOURCEFIRE INC.	$10,666,000	–	192,000	–	0.86%	–
HSTM	New	HEALTHSTREAM INC.	$10,359,000	–	409,140	–	0.84%	–
HAWK	New	BLACKHAWK NETWORK HOLDINGS I	$9,858,000	–	424,910	–	0.80%	–
SRCL	New	STERICYCLE INC	$9,834,000	–	89,053	–	0.80%	–
EXLS	New	EXLSERVICE HOLDINGS INC.	$9,385,000	–	317,500	–	0.76%	–
BWLD	New	BUFFALO WILD WINGS INC.	$9,205,000	–	93,700	–	0.74%	–
VASC	New	VASCULAR SOLUTIONS INC.	$8,518,000	–	579,086	–	0.69%	–
T102PS	New	SILICON IMAGE INC.	$8,213,000	–	1,404,000	–	0.66%	–
ROLL	New	RBC BEARINGS INC.	$8,004,000	–	154,080	–	0.65%	–
CRI	New	CARTER'S INC	$7,981,000	–	107,754	–	0.65%	–
LNKD	New	LINKEDIN CORPORATION	$7,815,000	–	43,830	–	0.63%	–
CNQR	New	CONCUR TECHNOLOGIES INC	$7,734,000	–	95,033	–	0.63%	–
PZZA	New	PAPA JOHNS INTL INC	$7,541,000	–	115,365	–	0.61%	–
TRMB	New	TRIMBLE NAVIGATION LTD	$7,539,000	–	290,087	–	0.61%	–
FDS	New	FACTSET RESH SYS INC	$7,476,000	–	73,335	–	0.60%	–
BBRG	New	BRAVO BRIO RESTAURANT GROUP	$7,433,000	–	417,110	–	0.60%	–
LKQ	New	LKQ CORP	$7,336,000	–	284,908	–	0.59%	–
ABCO	New	ADVISORY BOARD CO	$7,249,000	–	132,651	–	0.59%	–
TFM	New	FRESH MARKET INC.,THE	$7,018,000	–	141,143	–	0.57%	–
CERN	New	CERNER CORP.	$6,958,000	–	72,407	–	0.56%	–
FTI	New	FMC TECHNOLOGIES, INC.	$6,636,000	–	119,190	–	0.54%	–
XXIA	New	IXIA	$6,552,000	–	356,100	–	0.53%	–
MELI	New	MERCADOLIBRE INC.	$6,464,000	–	59,981	–	0.52%	–
TDC	New	TERADATA CORP.	$6,351,000	–	126,435	–	0.51%	–
MYGN	New	MYRIAD GENETICS, INC.	$6,303,000	–	234,577	–	0.51%	–
IHS	New	IHS INC. CL A	$6,012,000	–	57,597	–	0.49%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$5,988,000	–	53,166	–	0.48%	–
AWAY	New	HOMEAWAY INC.	$5,811,000	–	179,678	–	0.47%	–
AMTD	New	AMERITRADE HOLDING CORP.	$5,636,000	–	232,042	–	0.46%	–
PCLN	New	PRICELINE.COM INC	$5,585,000	–	6,756	–	0.45%	–
ECL	New	ECOLAB INC.	$5,378,000	–	63,125	–	0.44%	–
PETM	New	PETSMART INC COM	$5,313,000	–	79,315	–	0.43%	–
SMTC	New	SEMTECH CORP COM	$5,160,000	–	147,300	–	0.42%	–
CGIPQ	New	CELADON GROUP INC	$4,475,000	–	245,200	–	0.36%	–
IPCM	New	IPC THE HOSPITALIST CO.	$4,470,000	–	87,025	–	0.36%	–
ARG	New	AIRGAS, INC.	$3,927,000	–	41,133	–	0.32%	–
CTXS	New	CITRIX SYS INC COM	$3,248,000	–	53,808	–	0.26%	–
ROL	New	ROLLINS INC.	$2,408,000	–	92,985	–	0.20%	–
	New	Pandora A/S	$213,000	–	6,300	–	0.02%	–
	New	ASOS PLC	$206,000	–	3,350	–	0.02%	–
	New	Ashtead Group PLC	$159,000	–	16,200	–	0.01%	–
	New	Super Group Ltd.	$161,000	–	46,000	–	0.01%	–
	New	Sa Sa International Holdings L	$139,000	–	140,000	–	0.01%	–
	New	carsales.com Ltd.	$130,000	–	15,100	–	0.01%	–
	New	WACOM Co. Ltd.	$132,000	–	12,000	–	0.01%	–
	New	Element Financial Corp.	$136,000	–	12,000	–	0.01%	–
	New	Nihon Nohyaku Co. Ltd.	$124,000	–	13,000	–	0.01%	–
	New	iiNET Ltd.	$123,000	–	21,650	–	0.01%	–
	New	International Personal Finance	$120,000	–	15,800	–	0.01%	–
	New	Techtronic Industries Co. Ltd.	$127,000	–	53,000	–	0.01%	–
	New	Opera Software ASA	$109,000	–	14,100	–	0.01%	–
	New	William Hill PLC	$114,000	–	17,000	–	0.01%	–
	New	Aberdeen Asset Management PLC	$113,000	–	19,430	–	0.01%	–
	New	Essentra PLC	$113,000	–	10,600	–	0.01%	–
	New	Savills PLC	$114,000	–	13,150	–	0.01%	–
	New	FlexiGroup Ltd.	$117,000	–	29,330	–	0.01%	–
	New	Man Wah Holdings Ltd.	$115,000	–	92,000	–	0.01%	–
	New	Galaxy Entertainment Group Ltd	$103,000	–	21,000	–	0.01%	–
	New	Jupiter Fund Management PLC	$97,000	–	22,000	–	0.01%	–
	New	Elementis PLC	$99,000	–	29,630	–	0.01%	–
	New	Diploma PLC	$96,000	–	11,300	–	0.01%	–
	New	Forge Group Ltd.	$63,000	–	16,500	–	0.01%	–

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