Conestoga Capital Advisors, LLC Activity Q4 2001-Q2 2022

Q2 2022

			Value		Shares		↓ Weighting
CWST	New	CASELLA WASTE SYS INCcl a	$220,708	–	3,036,706	–	4.01%	–
EXPO	New	EXPONENT INC	$218,401	–	2,387,674	–	3.97%	–
SPSC	New	SPS COMM INC	$205,695	–	1,819,506	–	3.74%	–
OMCL	New	OMNICELL COM	$191,080	–	1,679,828	–	3.48%	–
DSGX	New	DESCARTES SYS GROUP INC	$190,096	–	3,063,101	–	3.46%	–
NOVT	New	NOVANTA INC	$172,993	–	1,426,507	–	3.15%	–
MRCY	New	MERCURY SYS INC	$172,129	–	2,675,714	–	3.13%	–
FSV	New	FIRSTSERVICE CORP NEW	$157,900	–	1,302,806	–	2.87%	–
ROLL	New	RBC BEARINGS INC	$147,161	–	795,678	–	2.68%	–
AAON	New	AAON INC	$139,217	–	2,542,306	–	2.53%	–
SSD	New	SIMPSON MFG INC	$138,002	–	1,371,655	–	2.51%	–
FOXF	New	FOX FACTORY HLDG CORP	$133,983	–	1,663,556	–	2.44%	–
BCPC	New	BALCHEM CORP	$130,694	–	1,007,353	–	2.38%	–
MODN	New	MODEL N INC	$127,500	–	4,984,368	–	2.32%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$124,961	–	1,051,243	–	2.27%	–
RGEN	New	REPLIGEN CORP	$124,609	–	767,299	–	2.27%	–
ALTR	New	ALTAIR ENGR INC	$123,189	–	2,346,454	–	2.24%	–
MMSI	New	MERIT MED SYS INC	$113,193	–	2,085,747	–	2.06%	–
ROAD	New	CONSTRUCTION PARTNERS INC	$111,564	–	5,327,797	–	2.03%	–
HLIO	New	HELIOS TECHNOLOGIES INC	$109,348	–	1,650,540	–	1.99%	–
SLP	New	SIMULATIONS PLUS INC	$109,154	–	2,212,733	–	1.98%	–
NEOG	New	NEOGEN CORP	$107,342	–	4,455,883	–	1.95%	–
BRKS	New	AZENTA INC	$105,977	–	1,469,865	–	1.93%	–
MLAB	New	MESA LABS INC	$105,709	–	518,336	–	1.92%	–
	New	PAYCOR HCM INC	$105,041	–	4,040,032	–	1.91%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP	$103,315	–	935,657	–	1.88%	–
TREX	New	TREX CO INC	$96,943	–	1,781,381	–	1.76%	–
BL	New	BLACKLINE INC	$93,795	–	1,408,331	–	1.71%	–
AXON	New	AXON ENTERPRISE INC	$91,716	–	984,396	–	1.67%	–
QTWO	New	Q2 HLDGS INC	$88,975	–	2,306,854	–	1.62%	–
PRO	New	PROS HOLDINGS INC	$85,773	–	3,270,028	–	1.56%	–
LMAT	New	LEMAITRE VASCULAR INC	$84,531	–	1,855,786	–	1.54%	–
PLOW	New	DOUGLAS DYNAMICS INC	$83,991	–	2,922,457	–	1.53%	–
	New	DEFINITIVE HEALTHCARE CORP	$81,146	–	3,538,855	–	1.48%	–
	New	HILLMAN SOLUTIONS CORP	$69,644	–	8,060,597	–	1.27%	–
ESE	New	ESCO TECHNOLOGIES INC	$67,101	–	981,444	–	1.22%	–
WK	New	WORKIVA INC	$64,620	–	979,241	–	1.18%	–
SSTK	New	SHUTTERSTOCK INC	$61,784	–	1,078,061	–	1.12%	–
WDFC	New	WD 40 CO	$61,725	–	306,541	–	1.12%	–
OFLX	New	OMEGA FLEX INC	$59,456	–	552,467	–	1.08%	–
VCEL	New	VERICEL CORP	$42,920	–	1,704,516	–	0.78%	–
AQUA	New	EVOQUA WATER TECHNOLOGIES CO	$42,578	–	1,309,679	–	0.77%	–
CSVI	New	COMPUTER SVCS INC COM	$42,284	–	1,143,962	–	0.77%	–
VERX	New	VERTEX INCcl a	$37,910	–	3,345,959	–	0.69%	–
TRNS	New	TRANSCAT INC	$32,542	–	572,822	–	0.59%	–
	New	STEVANATO GROUP S P A	$28,192	–	1,783,160	–	0.51%	–
ROL	New	ROLLINS INC	$28,118	–	805,222	–	0.51%	–
NRC	New	NATIONAL RESH CORP	$27,988	–	731,135	–	0.51%	–
POOL	New	POOL CORP	$26,296	–	74,869	–	0.48%	–
JKHY	New	HENRY JACK & ASSOC INC	$26,156	–	145,295	–	0.48%	–
FICO	New	FAIR ISAAC CORP	$24,891	–	62,089	–	0.45%	–
TECH	New	BIO-TECHNE CORP	$22,330	–	64,419	–	0.41%	–
CDNA	New	CAREDX INC	$20,400	–	949,698	–	0.37%	–
TYL	New	TYLER TECHNOLOGIES INC	$19,076	–	57,374	–	0.35%	–
	New	CLEARWATER ANALYTICS HLDGS Icl a	$19,022	–	1,579,915	–	0.35%	–
HEIA	New	HEICO CORP NEWcl a	$18,601	–	176,515	–	0.34%	–
GGG	New	GRACO INC	$18,336	–	308,628	–	0.33%	–
WST	New	WEST PHARMACEUTICAL SVSC INC	$17,820	–	58,933	–	0.32%	–
WSO	New	WATSCO INC	$17,543	–	73,457	–	0.32%	–
MTN	New	VAIL RESORTS INC	$16,608	–	76,164	–	0.30%	–
BFAM	New	BRIGHT HORIZONS FAM SOL IN D	$15,608	–	184,671	–	0.28%	–
TFX	New	TELEFLEX INCORPORATED	$14,490	–	58,938	–	0.26%	–
ATR	New	APTARGROUP INC	$14,117	–	136,780	–	0.26%	–
IT	New	GARTNER INC	$13,784	–	57,000	–	0.25%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$12,927	–	182,092	–	0.24%	–
FIVN	New	FIVE9 INC	$11,694	–	128,306	–	0.21%	–
LCII	New	LCI INDS	$11,387	–	101,776	–	0.21%	–
CGNX	New	COGNEX CORP	$11,006	–	258,852	–	0.20%	–
AVLR	New	AVALARA INC	$10,028	–	142,037	–	0.18%	–
GNRC	New	GENERAC HLDGS INC	$9,103	–	43,228	–	0.17%	–
EVI	New	EVI INDS INC	$7,763	–	777,119	–	0.14%	–
	New	LIGHTSPEED COMMERCE INC	$5,859	–	262,750	–	0.11%	–
DGII	New	DIGI INTL INC	$1,857	–	76,675	–	0.03%	–
USPH	New	U S PHYSICAL THERAPY	$1,761	–	16,125	–	0.03%	–
NVEE	New	NV5 GLOBAL INC	$1,727	–	14,792	–	0.03%	–
THBRF	New	THUNDERBIRD ENTERTAINMENT GROU	$1,666	–	588,950	–	0.03%	–
IIIV	New	I3 VERTICALS INC	$1,671	–	66,802	–	0.03%	–
PLMR	New	PALOMAR HLDGS INC	$1,576	–	24,477	–	0.03%	–
KIDS	New	ORTHOPEDIATRICS CORP	$1,389	–	32,183	–	0.02%	–
CYRX	New	CRYOPORT INC	$1,307	–	42,202	–	0.02%	–
TCYSF	New	TECSYS INC COM	$1,317	–	50,740	–	0.02%	–
ANSS	New	ANSYS INC	$1,291	–	5,395	–	0.02%	–
SSTI	New	SHOTSPOTTER INC	$1,285	–	47,735	–	0.02%	–
WLDN	New	WILLDAN GROUP INC	$1,188	–	43,063	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$1,141	–	2,380	–	0.02%	–
AAPL	New	APPLE INC	$1,135	–	8,300	–	0.02%	–
HCAT	New	HEALTH CATALYST INC	$1,135	–	78,308	–	0.02%	–
BLFS	New	BIOLIFE SOLUTIONS INC	$1,126	–	81,547	–	0.02%	–
MEG	New	MONTROSE ENVIRONMENTAL GROUP	$1,115	–	33,035	–	0.02%	–
VRSK	New	VERISK ANALYTICS INC	$1,034	–	5,972	–	0.02%	–
CSGP	New	COSTAR GROUP INC	$986	–	16,315	–	0.02%	–
MSFT	New	MICROSOFT CORP	$994	–	3,869	–	0.02%	–
TSCO	New	TRACTOR SUPPLY CO	$978	–	5,048	–	0.02%	–
FTNT	New	FORTINET INC	$967	–	17,096	–	0.02%	–
FAST	New	FASTENAL CO	$1,012	–	20,275	–	0.02%	–
SPGI	New	S&P GLOBAL INC	$951	–	2,822	–	0.02%	–
	New	USERTESTING INC	$885	–	176,360	–	0.02%	–
CPRT	New	COPART INC	$906	–	8,341	–	0.02%	–
TKNO	New	ALPHA TEKNOVA INC	$890	–	105,949	–	0.02%	–
WCN	New	WASTE CONNECTIONS INC	$854	–	6,890	–	0.02%	–
LIN	New	LINDE PLC	$769	–	2,675	–	0.01%	–
ROP	New	ROPER TECHNOLOGIES INC	$781	–	1,980	–	0.01%	–
FDS	New	FACTSET RESH SYS INC	$706	–	1,836	–	0.01%	–
SMLR	New	SEMLER SCIENTIFIC INC	$715	–	25,379	–	0.01%	–
VEEV	New	VEEVA SYS INC	$709	–	3,580	–	0.01%	–
CDXS	New	CODEXIS INC	$742	–	70,911	–	0.01%	–
MKL	New	MARKEL CORP	$737	–	570	–	0.01%	–
JNJ	New	JOHNSON & JOHNSON	$645	–	3,635	–	0.01%	–
XOM	New	EXXON MOBIL CORP	$649	–	7,579	–	0.01%	–
BLL	New	BALL CORP	$558	–	8,107	–	0.01%	–
STE	New	STERIS PLC	$527	–	2,555	–	0.01%	–
IDXX	New	IDEXX LABS INC	$561	–	1,600	–	0.01%	–
INTU	New	INTUIT	$540	–	1,400	–	0.01%	–
NSTG	New	NANOSTRING TECHNOLOGIES INC	$521	–	40,987	–	0.01%	–
TRU	New	TRANSUNION	$473	–	5,915	–	0.01%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$439	–	1,200	–	0.01%	–
SJM	New	SMUCKER J M CO	$467	–	3,645	–	0.01%	–
GOOGL	New	ALPHABET INCcap stk cl a	$425	–	195	–	0.01%	–
GOOG	New	ALPHABET INCcap stk cl c	$427	–	195	–	0.01%	–
XYL	New	XYLEM INC	$415	–	5,305	–	0.01%	–
MA	New	MASTERCARD INCORPORATEDcl a	$383	–	1,215	–	0.01%	–
ALGN	New	ALIGN TECHNOLOGY INC	$399	–	1,686	–	0.01%	–
GRMN	New	GARMIN LTD	$380	–	3,870	–	0.01%	–
DLB	New	DOLBY LABORATORIES INC	$393	–	5,490	–	0.01%	–
ROG	New	ROGERS CORP	$320	–	1,220	–	0.01%	–
DHR	New	DANAHER CORPORATION	$346	–	1,365	–	0.01%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$304	–	1,115	–	0.01%	–
NKE	New	NIKE INCcl b	$341	–	3,340	–	0.01%	–
AMGN	New	AMGEN INC	$324	–	1,330	–	0.01%	–
HD	New	HOME DEPOT INC	$333	–	1,215	–	0.01%	–
ITW	New	ILLINOIS TOOL WKS INC	$264	–	1,450	–	0.01%	–
WTRG	New	ESSENTIAL UTILS INC	$286	–	6,237	–	0.01%	–
PEP	New	PEPSICO INC	$242	–	1,450	–	0.00%	–
MRK	New	MERCK & CO INC	$228	–	2,500	–	0.00%	–
JPM	New	JPMORGAN CHASE & CO	$233	–	2,066	–	0.00%	–
WPC	New	WP CAREY INC	$236	–	2,850	–	0.00%	–
PSA	New	PUBLIC STORAGE	$209	–	670	–	0.00%	–
XM	New	QUALTRICS INTL INC	$221	–	17,631	–	0.00%	–
PGX	New	INVESCO EXCH TRADED FD TR IIpfd etf	$140	–	11,350	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
PGX	Exit	INVESCO EXCH TRADED FD TR IIpfd etf	$0	–	-11,350	–	-0.00%	–
PEP	Exit	PEPSICO INC	$0	–	-1,450	–	-0.00%	–
WPC	Exit	WP CAREY INC	$0	–	-2,850	–	-0.00%	–
INTC	Exit	INTEL CORP	$0	–	-4,150	–	-0.00%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-3,722	–	-0.00%	–
STE	Exit	STERIS PLC	$0	–	-1,450	–	-0.00%	–
ECL	Exit	ECOLAB INC	$0	–	-1,235	–	-0.00%	–
MMM	Exit	3M CO	$0	–	-1,820	–	-0.00%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,100	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,430	–	-0.00%	–
AMGN	Exit	AMGEN INC	$0	–	-1,330	–	-0.00%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-6,087	–	-0.00%	–
MASI	Exit	MASIMO CORP	$0	–	-1,305	–	-0.01%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-1,755	–	-0.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-2,066	–	-0.01%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,130	–	-0.01%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,200	–	-0.01%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-5,000	–	-0.01%	–
SJM	Exit	SMUCKER J M CO	$0	–	-3,635	–	-0.01%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-7,554	–	-0.01%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-1,370	–	-0.01%	–
NKE	Exit	NIKE INCcl b	$0	–	-3,195	–	-0.01%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-5,119	–	-0.01%	–
XM	Exit	QUALTRICS INTL INC	$0	–	-9,601	–	-0.01%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-195	–	-0.01%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-195	–	-0.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,480	–	-0.01%	–
XYL	Exit	XYLEM INC	$0	–	-5,115	–	-0.01%	–
MKL	Exit	MARKEL CORP	$0	–	-567	–	-0.01%	–
TRU	Exit	TRANSUNION	$0	–	-5,635	–	-0.01%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-1,085	–	-0.01%	–
BLL	Exit	BALL CORP	$0	–	-7,007	–	-0.01%	–
GRMN	Exit	GARMIN LTD	$0	–	-4,570	–	-0.01%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-6,200	–	-0.01%	–
LIN	Exit	LINDE PLC	$0	–	-2,665	–	-0.01%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-2,735	–	-0.01%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-1,715	–	-0.01%	–
FDS	Exit	FACTSET RESH SYS INC	$0	–	-2,284	–	-0.01%	–
INTU	Exit	INTUIT	$0	–	-1,590	–	-0.01%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-1,490	–	-0.01%	–
BDSX	Exit	BIODESIX INC	$0	–	-115,125	–	-0.01%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-3,834	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-2,390	–	-0.02%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-9,895	–	-0.02%	–
AAPL	Exit	APPLE INC	$0	–	-8,200	–	-0.02%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-6,343	–	-0.02%	–
NSTG	Exit	NANOSTRING TECHNOLOGIES INC	$0	–	-29,025	–	-0.02%	–
SITM	Exit	SITIME CORP	$0	–	-6,775	–	-0.02%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-17,205	–	-0.02%	–
FTNT	Exit	FORTINET INC	$0	–	-4,946	–	-0.02%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-7,000	–	-0.02%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,142	–	-0.02%	–
FAST	Exit	FASTENAL CO	$0	–	-28,327	–	-0.02%	–
IIN	Exit	INTRICON CORP	$0	–	-83,925	–	-0.02%	–
CPRT	Exit	COPART INC	$0	–	-11,532	–	-0.02%	–
WLDN	Exit	WILLDAN GROUP INC	$0	–	-43,780	–	-0.02%	–
LSF	Exit	LAIRD SUPERFOOD INC	$0	–	-87,925	–	-0.02%	–
IIIV	Exit	I3 VERTICALS INC	$0	–	-67,200	–	-0.02%	–
TKNO	Exit	ALPHA TEKNOVA INC	$0	–	-65,700	–	-0.02%	–
SSTI	Exit	SHOTSPOTTER INC	$0	–	-47,620	–	-0.02%	–
USPH	Exit	U S PHYSICAL THERAPY	$0	–	-16,075	–	-0.02%	–
BLFS	Exit	BIOLIFE SOLUTIONS INC	$0	–	-42,410	–	-0.02%	–
CYRX	Exit	CRYOPORT INC	$0	–	-29,200	–	-0.03%	–
NVEE	Exit	NV5 GLOBAL INC	$0	–	-20,707	–	-0.03%	–
ANSS	Exit	ANSYS INC	$0	–	-5,860	–	-0.03%	–
PLMR	Exit	PALOMAR HLDGS INC	$0	–	-24,775	–	-0.03%	–
CDXS	Exit	CODEXIS INC	$0	–	-86,335	–	-0.03%	–
KIDS	Exit	ORTHOPEDIATRICS CORP	$0	–	-32,095	–	-0.03%	–
DGII	Exit	DIGI INTL INC	$0	–	-98,575	–	-0.03%	–
SMLR	Exit	SEMLER SCIENTIFIC INC	$0	–	-17,895	–	-0.03%	–
THBRF	Exit	THUNDERBIRD ENTERTAINMENT GROU	$0	–	-617,250	–	-0.03%	–
TRNS	Exit	TRANSCAT INC	$0	–	-37,075	–	-0.03%	–
	Exit	DEFINITIVE HEALTHCARE CORP	$0	–	-100,273	–	-0.06%	–
LCII	Exit	LCI INDS	$0	–	-97,461	–	-0.18%	–
ATR	Exit	APTARGROUP INC	$0	–	-126,018	–	-0.21%	–
HCAT	Exit	HEALTH CATALYST INC	$0	–	-316,044	–	-0.22%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-42,324	–	-0.23%	–
	Exit	LIGHTSPEED COMMERCE INC	$0	–	-183,515	–	-0.24%	–
IAA	Exit	IAA INC	$0	–	-331,539	–	-0.25%	–
AVLR	Exit	AVALARA INC	$0	–	-105,227	–	-0.25%	–
WSO	Exit	WATSCO INC	$0	–	-74,727	–	-0.27%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-169,015	–	-0.28%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-49,288	–	-0.28%	–
CGNX	Exit	COGNEX CORP	$0	–	-254,077	–	-0.28%	–
GGG	Exit	GRACO INC	$0	–	-307,348	–	-0.30%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-181,597	–	-0.30%	–
TFX	Exit	TELEFLEX INCORPORATED	$0	–	-58,093	–	-0.30%	–
IT	Exit	GARTNER INC	$0	–	-72,400	–	-0.30%	–
JKHY	Exit	HENRY JACK & ASSOC INC	$0	–	-149,105	–	-0.34%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-73,259	–	-0.34%	–
BFAM	Exit	BRIGHT HORIZONS FAM SOL IN D	$0	–	-186,191	–	-0.36%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-56,754	–	-0.36%	–
NRC	Exit	NATIONAL RESH CORP	$0	–	-654,260	–	-0.38%	–
ROL	Exit	ROLLINS INC	$0	–	-813,522	–	-0.40%	–
EVI	Exit	EVI INDS INC	$0	–	-1,062,682	–	-0.40%	–
POOL	Exit	POOL CORP	$0	–	-74,189	–	-0.45%	–
TECH	Exit	BIO-TECHNE CORP	$0	–	-75,189	–	-0.50%	–
WST	Exit	WEST PHARMACEUTICAL SVSC INC	$0	–	-87,133	–	-0.51%	–
CSVI	Exit	COMPUTER SVCS INC COM	$0	–	-786,442	–	-0.64%	–
SSTK	Exit	SHUTTERSTOCK INC	$0	–	-413,855	–	-0.65%	–
VERX	Exit	VERTEX INCcl a	$0	–	-2,672,250	–	-0.71%	–
DORM	Exit	DORMAN PRODS INC	$0	–	-556,299	–	-0.73%	–
WDFC	Exit	WD 40 CO	$0	–	-251,046	–	-0.80%	–
SLP	Exit	SIMULATIONS PLUS INC	$0	–	-1,527,762	–	-0.84%	–
CDNA	Exit	CAREDX INC	$0	–	-1,032,358	–	-0.90%	–
LOPE	Exit	GRAND CANYON ED INC	$0	–	-815,754	–	-0.99%	–
ESE	Exit	ESCO TECHNOLOGIES INC	$0	–	-944,453	–	-1.01%	–
OFLX	Exit	OMEGA FLEX INC	$0	–	-549,610	–	-1.08%	–
VCEL	Exit	VERICEL CORP	$0	–	-1,608,013	–	-1.09%	–
PRO	Exit	PROS HOLDINGS INC	$0	–	-2,211,775	–	-1.09%	–
ROG	Exit	ROGERS CORP	$0	–	-430,538	–	-1.11%	–
PLOW	Exit	DOUGLAS DYNAMICS INC	$0	–	-2,406,851	–	-1.21%	–
QTWO	Exit	Q2 HLDGS INC	$0	–	-1,106,058	–	-1.23%	–
	Exit	HILLMAN SOLUTIONS CORP	$0	–	-7,954,328	–	-1.31%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-1,846,151	–	-1.36%	–
WK	Exit	WORKIVA INC	$0	–	-738,688	–	-1.44%	–
AAON	Exit	AAON INC	$0	–	-1,753,145	–	-1.58%	–
BRKS	Exit	BROOKS AUTOMATION INC NEW	$0	–	-1,144,096	–	-1.62%	–
HLIO	Exit	HELIOS TECHNOLOGIES INC	$0	–	-1,500,121	–	-1.70%	–
MODN	Exit	MODEL N INC	$0	–	-3,876,097	–	-1.80%	–
VCRA	Exit	VOCERA COMMUNICATIONS INC	$0	–	-2,946,628	–	-1.87%	–
MRCY	Exit	MERCURY SYS INC	$0	–	-2,911,108	–	-1.91%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP	$0	–	-996,923	–	-1.94%	–
BCPC	Exit	BALCHEM CORP	$0	–	-997,051	–	-2.00%	–
SSD	Exit	SIMPSON MFG INC	$0	–	-1,379,305	–	-2.04%	–
MLAB	Exit	MESA LABS INC	$0	–	-514,623	–	-2.15%	–
ALTR	Exit	ALTAIR ENGR INC	$0	–	-2,325,859	–	-2.22%	–
BL	Exit	BLACKLINE INC	$0	–	-1,382,962	–	-2.26%	–
NEOG	Exit	NEOGEN CORP	$0	–	-3,778,534	–	-2.27%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-794,041	–	-2.33%	–
TREX	Exit	TREX CO INC	$0	–	-1,670,595	–	-2.36%	–
AXON	Exit	AXON ENTERPRISE INC	$0	–	-981,252	–	-2.38%	–
MMSI	Exit	MERIT MED SYS INC	$0	–	-2,392,992	–	-2.38%	–
NOVT	Exit	NOVANTA INC	$0	–	-1,134,498	–	-2.42%	–
ROAD	Exit	CONSTRUCTION PARTNERS INC	$0	–	-5,322,088	–	-2.46%	–
PCTY	Exit	PAYLOCITY HLDG CORP	$0	–	-691,170	–	-2.68%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-1,502,195	–	-3.00%	–
OMCL	Exit	OMNICELL COM	$0	–	-1,502,425	–	-3.08%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-1,246,772	–	-3.11%	–
EXPO	Exit	EXPONENT INC	$0	–	-2,070,789	–	-3.24%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC	$0	–	-1,210,251	–	-3.34%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-3,063,297	–	-3.44%	–
RGEN	Exit	REPLIGEN CORP	$0	–	-871,390	–	-3.48%	–
CWST	Exit	CASELLA WASTE SYS INCcl a	$0	–	-3,538,337	–	-3.72%	–
SPSC	Exit	SPS COMM INC	$0	–	-1,802,509	–	-4.02%	–

Q3 2021

			Value		Shares		↓ Weighting
SPSC	Buy	SPS COMM INC	$290,763	+63.1%	1,802,509	+1.0%	4.02%	+56.2%
CWST	Buy	CASELLA WASTE SYS INCcl a	$268,701	+23.7%	3,538,337	+3.3%	3.72%	+18.5%
RGEN	Sell	REPLIGEN CORP	$251,823	+23.3%	871,390	-14.8%	3.48%	+18.1%
DSGX	Buy	DESCARTES SYS GROUP INC	$248,924	+18.8%	3,063,297	+1.1%	3.44%	+13.8%
SITE	Buy	SITEONE LANDSCAPE SUPPLY INC	$241,409	+19.3%	1,210,251	+1.2%	3.34%	+14.2%
EXPO	Buy	EXPONENT INC	$234,310	+31.7%	2,070,789	+3.8%	3.24%	+26.1%
FSV	Buy	FIRSTSERVICE CORP NEW	$225,017	+6.5%	1,246,772	+1.1%	3.11%	+2.0%
OMCL	Buy	OMNICELL COM	$223,005	+1.8%	1,502,425	+3.8%	3.08%	-2.6%
FOXF	Buy	FOX FACTORY HLDG CORP	$217,127	-6.1%	1,502,195	+1.2%	3.00%	-10.0%
PCTY	Buy	PAYLOCITY HLDG CORP	$193,804	+48.7%	691,170	+1.2%	2.68%	+42.5%
ROAD	Buy	CONSTRUCTION PARTNERS INC	$177,598	+7.5%	5,322,088	+1.2%	2.46%	+3.0%
NOVT	Buy	NOVANTA INC	$175,280	+16.3%	1,134,498	+1.4%	2.42%	+11.4%
MMSI	Buy	MERIT MED SYS INC	$171,817	+12.9%	2,392,992	+1.6%	2.38%	+8.1%
AXON	Buy	AXON ENTERPRISE INC	$171,739	+0.2%	981,252	+1.2%	2.38%	-4.0%
TREX	Buy	TREX CO INC	$170,284	+0.9%	1,670,595	+1.2%	2.36%	-3.3%
ROLL	Buy	RBC BEARINGS INC	$168,496	+7.6%	794,041	+1.1%	2.33%	+3.1%
NEOG	Buy	NEOGEN CORP	$164,102	-4.7%	3,778,534	+1.0%	2.27%	-8.8%
BL	Buy	BLACKLINE INC	$163,272	+6.9%	1,382,962	+0.8%	2.26%	+2.4%
ALTR	Buy	ALTAIR ENGR INC	$160,345	+1.1%	2,325,859	+1.1%	2.22%	-3.2%
MLAB	Buy	MESA LABS INC	$155,601	+12.8%	514,623	+1.2%	2.15%	+8.1%
SSD	Buy	SIMPSON MFG INC	$147,544	-2.0%	1,379,305	+1.2%	2.04%	-6.2%
BCPC	Buy	BALCHEM CORP	$144,642	+16.5%	997,051	+5.4%	2.00%	+11.6%
JBT	Buy	JOHN BEAN TECHNOLOGIES CORP	$140,118	+10.3%	996,923	+11.9%	1.94%	+5.7%
MRCY	Buy	MERCURY SYS INC	$138,045	-25.7%	2,911,108	+3.9%	1.91%	-28.8%
VCRA	Buy	VOCERA COMMUNICATIONS INC	$134,838	+16.2%	2,946,628	+1.2%	1.87%	+11.3%
MODN	Sell	MODEL N INC	$129,849	-8.6%	3,876,097	-6.5%	1.80%	-12.5%
HLIO	Buy	HELIOS TECHNOLOGIES INC	$123,175	+14.7%	1,500,121	+9.0%	1.70%	+9.9%
BRKS	Buy	BROOKS AUTOMATION INC NEW	$117,098	+54.9%	1,144,096	+44.2%	1.62%	+48.4%
AAON	Buy	AAON INC	$114,550	+5.1%	1,753,145	+0.7%	1.58%	+0.7%
WK	Buy	WORKIVA INC	$104,125	+28.6%	738,688	+1.5%	1.44%	+23.2%
LMAT	Buy	LEMAITRE VASCULAR INC	$98,012	-12.0%	1,846,151	+1.1%	1.36%	-15.7%
	New	HILLMAN SOLUTIONS CORP	$94,895	–	7,954,328	–	1.31%	–
QTWO	Buy	Q2 HLDGS INC	$88,639	+15.3%	1,106,058	+47.6%	1.23%	+10.5%
PLOW	Sell	DOUGLAS DYNAMICS INC	$87,369	-23.9%	2,406,851	-14.7%	1.21%	-27.1%
ROG	Buy	ROGERS CORP	$80,287	-6.1%	430,538	+1.1%	1.11%	-10.0%
PRO	Sell	PROS HOLDINGS INC	$78,474	-28.0%	2,211,775	-7.5%	1.09%	-31.0%
VCEL	Buy	VERICEL CORP	$78,471	+13.9%	1,608,013	+22.6%	1.09%	+9.1%
OFLX	Buy	OMEGA FLEX INC	$78,424	-1.6%	549,610	+1.1%	1.08%	-5.8%
ESE	Sell	ESCO TECHNOLOGIES INC	$72,723	-18.4%	944,453	-0.6%	1.01%	-21.9%
LOPE	Sell	GRAND CANYON ED INC	$71,754	-17.6%	815,754	-15.7%	0.99%	-21.1%
CDNA	Buy	CAREDX INC	$65,421	+105.3%	1,032,358	+196.5%	0.90%	+96.7%
SLP	Sell	SIMULATIONS PLUS INC	$60,347	-33.0%	1,527,762	-6.9%	0.84%	-35.8%
WDFC	Sell	WD 40 CO	$58,112	-22.2%	251,046	-13.9%	0.80%	-25.5%
DORM	Sell	DORMAN PRODS INC	$52,665	-42.9%	556,299	-37.5%	0.73%	-45.3%
VERX	Sell	VERTEX INCcl a	$51,361	-26.0%	2,672,250	-15.5%	0.71%	-29.0%
SSTK	New	SHUTTERSTOCK INC	$46,898	–	413,855	–	0.65%	–
CSVI	New	COMPUTER SVCS INC COM	$46,400	–	786,442	–	0.64%	–
WST	Sell	WEST PHARMACEUTICAL SVSC INC	$36,991	+2.0%	87,133	-13.7%	0.51%	-2.3%
TECH	Buy	BIO-TECHNE CORP	$36,434	+8.8%	75,189	+1.1%	0.50%	+4.1%
POOL	Sell	POOL CORP	$32,228	-19.7%	74,189	-15.2%	0.45%	-23.1%
EVI	Sell	EVI INDS INC	$28,905	-5.9%	1,062,682	-1.8%	0.40%	-9.9%
ROL	Buy	ROLLINS INC	$28,742	+3.6%	813,522	+0.3%	0.40%	-0.7%
NRC	Sell	NATIONAL RESH CORP	$27,590	-13.0%	654,260	-5.3%	0.38%	-16.6%
TYL	Buy	TYLER TECHNOLOGIES INC	$26,030	+2.8%	56,754	+1.4%	0.36%	-1.6%
BFAM	Sell	BRIGHT HORIZONS FAM SOL IN D	$25,959	-5.6%	186,191	-0.4%	0.36%	-9.6%
MTN	Sell	VAIL RESORTS INC	$24,472	+5.1%	73,259	-0.4%	0.34%	+0.9%
JKHY	Buy	HENRY JACK & ASSOC INC	$24,462	+1.1%	149,105	+0.7%	0.34%	-3.4%
IT	Buy	GARTNER INC	$22,001	+27.1%	72,400	+1.3%	0.30%	+21.6%
TFX	Buy	TELEFLEX INCORPORATED	$21,875	-3.3%	58,093	+3.2%	0.30%	-7.3%
GWRE	Buy	GUIDEWIRE SOFTWARE INC	$21,586	+6.8%	181,597	+1.3%	0.30%	+2.4%
GGG	Sell	GRACO INC	$21,505	-7.6%	307,348	-0.0%	0.30%	-11.3%
CGNX	Buy	COGNEX CORP	$20,382	-1.3%	254,077	+3.4%	0.28%	-5.4%
GNRC	Sell	GENERAC HLDGS INC	$20,143	-21.1%	49,288	-19.8%	0.28%	-24.4%
HEIA	Sell	HEICO CORP NEWcl a	$20,016	-7.2%	169,015	-2.7%	0.28%	-11.2%
WSO	Buy	WATSCO INC	$19,774	-6.5%	74,727	+1.3%	0.27%	-10.2%
AVLR	Buy	AVALARA INC	$18,391	+11.3%	105,227	+3.1%	0.25%	+6.3%
IAA	Sell	IAA INC	$18,092	-0.1%	331,539	-0.2%	0.25%	-4.6%
	New	LIGHTSPEED COMMERCE INC	$17,696	–	183,515	–	0.24%	–
FICO	Sell	FAIR ISAAC CORP	$16,842	-24.6%	42,324	-4.7%	0.23%	-27.9%
HCAT	Sell	HEALTH CATALYST INC	$15,805	-10.6%	316,044	-0.7%	0.22%	-14.1%
ATR	Sell	APTARGROUP INC	$15,040	-20.9%	126,018	-6.6%	0.21%	-24.4%
LCII	Sell	LCI INDS	$13,121	+2.0%	97,461	-0.4%	0.18%	-2.2%
	New	DEFINITIVE HEALTHCARE CORP	$4,295	–	100,273	–	0.06%	–
TRNS	Sell	TRANSCAT INC	$2,391	-4.0%	37,075	-15.9%	0.03%	-8.3%
THBRF	New	THUNDERBIRD ENTERTAINMENT GROU	$2,342	–	617,250	–	0.03%	–
SMLR	New	SEMLER SCIENTIFIC INC	$2,237	–	17,895	–	0.03%	–
DGII	Buy	DIGI INTL INC	$2,072	+4.7%	98,575	+0.2%	0.03%	0.0%
KIDS	Sell	ORTHOPEDIATRICS CORP	$2,103	-10.0%	32,095	-13.2%	0.03%	-14.7%
ANSS	Sell	ANSYS INC	$1,995	-72.7%	5,860	-72.1%	0.03%	-73.3%
PLMR	Buy	PALOMAR HLDGS INC	$2,003	+7.3%	24,775	+0.2%	0.03%	+3.7%
NVEE	Buy	NV5 GLOBAL INC	$2,041	+4.6%	20,707	+0.2%	0.03%	0.0%
CDXS	Sell	CODEXIS INC	$2,008	-19.5%	86,335	-21.6%	0.03%	-22.2%
CYRX	Sell	CRYOPORT INC	$1,942	-9.9%	29,200	-14.6%	0.03%	-12.9%
BLFS	Sell	BIOLIFE SOLUTIONS INC	$1,795	-20.2%	42,410	-16.0%	0.02%	-21.9%
USPH	Buy	U S PHYSICAL THERAPY	$1,778	+13.0%	16,075	+18.4%	0.02%	+8.7%
SSTI	Buy	SHOTSPOTTER INC	$1,732	-25.3%	47,620	+0.2%	0.02%	-27.3%
TKNO	New	ALPHA TEKNOVA INC	$1,635	–	65,700	–	0.02%	–
IIIV	Buy	I3 VERTICALS INC	$1,627	-8.5%	67,200	+14.1%	0.02%	-11.5%
LSF	Buy	LAIRD SUPERFOOD INC	$1,678	+3.6%	87,925	+62.1%	0.02%	0.0%
CPRT	Sell	COPART INC	$1,600	-76.2%	11,532	-77.4%	0.02%	-77.3%
WLDN	Buy	WILLDAN GROUP INC	$1,558	-5.3%	43,780	+0.2%	0.02%	-8.3%
IIN	Buy	INTRICON CORP	$1,524	-6.4%	83,925	+15.9%	0.02%	-12.5%
FTNT	Buy	FORTINET INC	$1,444	+23.8%	4,946	+1.0%	0.02%	+17.6%
ALGN	Buy	ALIGN TECHNOLOGY INC	$1,425	+10.0%	2,142	+0.9%	0.02%	+5.3%
TSCO	Buy	TRACTOR SUPPLY CO	$1,418	+9.2%	7,000	+0.4%	0.02%	+5.3%
FAST	Buy	FASTENAL CO	$1,462	-0.1%	28,327	+0.7%	0.02%	-4.8%
CSGP	Buy	COSTAR GROUP INC	$1,481	+10.1%	17,205	+5.9%	0.02%	+5.3%
SITM	Buy	SITIME CORP	$1,383	+61.9%	6,775	+0.4%	0.02%	+58.3%
NSTG	Buy	NANOSTRING TECHNOLOGIES INC	$1,393	-25.8%	29,025	+0.2%	0.02%	-29.6%
VRSK	Sell	VERISK ANALYTICS INC	$1,270	+7.1%	6,343	-6.6%	0.02%	+5.9%
IDXX	Buy	IDEXX LABS INC	$927	-0.1%	1,490	+1.4%	0.01%	0.0%
BDSX	Buy	BIODESIX INC	$946	-37.7%	115,125	+0.1%	0.01%	-40.9%
FDS	Buy	FACTSET RESH SYS INC	$902	+18.7%	2,284	+0.9%	0.01%	+9.1%
ROP	Buy	ROPER TECHNOLOGIES INC	$765	-4.6%	1,715	+0.6%	0.01%	-8.3%
VEEV	Buy	VEEVA SYS INC	$788	-6.2%	2,735	+1.3%	0.01%	-8.3%
WCN	Buy	WASTE CONNECTIONS INC	$781	+6.7%	6,200	+1.1%	0.01%	0.0%
XYL	Buy	XYLEM INC	$633	+4.1%	5,115	+1.0%	0.01%	0.0%
BLL	Buy	BALL CORP	$630	+38.8%	7,007	+25.1%	0.01%	+28.6%
TRU	Buy	TRANSUNION	$633	+3.4%	5,635	+1.1%	0.01%	0.0%
JNJ	Buy	JOHNSON & JOHNSON	$562	-0.9%	3,480	+1.2%	0.01%	0.0%
XM	Buy	QUALTRICS INTL INC	$410	+56.5%	9,601	+40.4%	0.01%	+50.0%
SJM	Buy	SMUCKER J M CO	$436	-6.2%	3,635	+1.4%	0.01%	-14.3%
NKE	Buy	NIKE INCcl b	$464	+28.5%	3,195	+36.8%	0.01%	+20.0%
MASI	Buy	MASIMO CORP	$353	+14.6%	1,305	+2.8%	0.01%	+25.0%
COUP	Buy	COUPA SOFTWARE INC	$385	-14.8%	1,755	+1.7%	0.01%	-28.6%
ITW	Buy	ILLINOIS TOOL WKS INC	$295	-5.8%	1,430	+2.1%	0.00%	-20.0%
STE	Buy	STERIS PLC	$296	+2.4%	1,450	+3.6%	0.00%	0.0%
VZ	Buy	VERIZON COMMUNICATIONS INC	$201	-1.0%	3,722	+2.8%	0.00%	0.0%
PSA	Exit	PUBLIC STORAGE	$0	–	-670	–	-0.00%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-5,531	–	-0.00%	–
	Exit	LIGHTSPEED POS INC	$0	–	-176,780	–	-0.21%	–
LCY	Exit	LANDCADIA HOLDINGS III INC	$0	–	-2,682,744	–	-0.48%	–
LGND	Exit	LIGAND PHARMACEUTICALS INC	$0	–	-440,802	–	-0.84%	–
FIVN	Exit	FIVE9 INC	$0	–	-481,107	–	-1.27%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-2,841,672	–	-1.52%	–

Q2 2021

			Value		Shares		↓ Weighting
FOXF	New	FOX FACTORY HLDG CORP	$231,116	–	1,484,750	–	3.34%	–
OMCL	New	OMNICELL COM	$219,152	–	1,447,025	–	3.17%	–
CWST	New	CASELLA WASTE SYS INCcl a	$217,210	–	3,424,407	–	3.14%	–
FSV	New	FIRSTSERVICE CORP NEW	$211,203	–	1,233,230	–	3.05%	–
DSGX	New	DESCARTES SYS GROUP INC	$209,512	–	3,029,377	–	3.03%	–
RGEN	New	REPLIGEN CORP	$204,266	–	1,023,275	–	2.95%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$202,409	–	1,195,844	–	2.92%	–
MRCY	New	MERCURY SYS INC	$185,761	–	2,802,668	–	2.68%	–
SPSC	New	SPS COMM INC	$178,267	–	1,785,344	–	2.58%	–
EXPO	New	EXPONENT INC	$177,907	–	1,994,252	–	2.57%	–
NEOG	New	NEOGEN CORP	$172,254	–	3,741,391	–	2.49%	–
AXON	New	AXON ENTERPRISE INC	$171,354	–	969,197	–	2.48%	–
TREX	New	TREX CO INC	$168,736	–	1,650,877	–	2.44%	–
ROAD	New	CONSTRUCTION PARTNERS INC	$165,144	–	5,259,378	–	2.38%	–
ALTR	New	ALTAIR ENGR INC	$158,623	–	2,299,879	–	2.29%	–
ROLL	New	RBC BEARINGS INC	$156,581	–	785,181	–	2.26%	–
BL	New	BLACKLINE INC	$152,692	–	1,372,262	–	2.21%	–
MMSI	New	MERIT MED SYS INC	$152,240	–	2,354,467	–	2.20%	–
NOVT	New	NOVANTA INC	$150,716	–	1,118,401	–	2.18%	–
SSD	New	SIMPSON MFG INC	$150,548	–	1,363,168	–	2.18%	–
MODN	New	MODEL N INC	$142,038	–	4,144,662	–	2.05%	–
MLAB	New	MESA LABS INC	$137,942	–	508,693	–	1.99%	–
PCTY	New	PAYLOCITY HLDG CORP	$130,325	–	683,045	–	1.88%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP	$127,036	–	890,728	–	1.84%	–
BCPC	New	BALCHEM CORP	$124,151	–	945,841	–	1.79%	–
VCRA	New	VOCERA COMMUNICATIONS INC	$116,075	–	2,912,793	–	1.68%	–
PLOW	New	DOUGLAS DYNAMICS INC	$114,872	–	2,823,091	–	1.66%	–
LMAT	New	LEMAITRE VASCULAR INC	$111,411	–	1,825,803	–	1.61%	–
PRO	New	PROS HOLDINGS INC	$108,985	–	2,391,605	–	1.57%	–
AAON	New	AAON INC	$108,960	–	1,740,851	–	1.57%	–
HLIO	New	HELIOS TECHNOLOGIES INC	$107,382	–	1,375,815	–	1.55%	–
ACIW	New	ACI WORLDWIDE INC	$105,540	–	2,841,672	–	1.52%	–
DORM	New	DORMAN PRODS INC	$92,211	–	889,464	–	1.33%	–
SLP	New	SIMULATIONS PLUS INC	$90,085	–	1,640,595	–	1.30%	–
ESE	New	ESCO TECHNOLOGIES INC	$89,172	–	950,557	–	1.29%	–
FIVN	New	FIVE9 INC	$88,230	–	481,107	–	1.27%	–
LOPE	New	GRAND CANYON ED INC	$87,099	–	968,089	–	1.26%	–
ROG	New	ROGERS CORP	$85,535	–	425,973	–	1.24%	–
WK	New	WORKIVA INC	$80,989	–	727,470	–	1.17%	–
OFLX	New	OMEGA FLEX INC	$79,738	–	543,510	–	1.15%	–
QTWO	New	Q2 HLDGS INC	$76,847	–	749,146	–	1.11%	–
BRKS	New	BROOKS AUTOMATION INC NEW	$75,585	–	793,290	–	1.09%	–
WDFC	New	WD 40 CO	$74,719	–	291,540	–	1.08%	–
VERX	New	VERTEX INCcl a	$69,378	–	3,162,150	–	1.00%	–
VCEL	New	VERICEL CORP	$68,877	–	1,311,942	–	1.00%	–
LGND	New	LIGAND PHARMACEUTICALS INC	$57,829	–	440,802	–	0.84%	–
POOL	New	POOL CORP	$40,132	–	87,499	–	0.58%	–
WST	New	WEST PHARMACEUTICAL SVSC INC	$36,276	–	101,019	–	0.52%	–
TECH	New	BIO-TECHNE CORP	$33,474	–	74,343	–	0.48%	–
LCY	New	LANDCADIA HOLDINGS III INC	$33,266	–	2,682,744	–	0.48%	–
CDNA	New	CAREDX INC	$31,866	–	348,187	–	0.46%	–
NRC	New	NATIONAL RESH CORP	$31,707	–	690,793	–	0.46%	–
EVI	New	EVI INDS INC	$30,720	–	1,081,702	–	0.44%	–
ROL	New	ROLLINS INC	$27,730	–	810,807	–	0.40%	–
BFAM	New	BRIGHT HORIZONS FAM SOL IN D	$27,494	–	186,894	–	0.40%	–
GNRC	New	GENERAC HLDGS INC	$25,529	–	61,494	–	0.37%	–
TYL	New	TYLER TECHNOLOGIES INC	$25,329	–	55,992	–	0.37%	–
JKHY	New	HENRY JACK & ASSOC INC	$24,206	–	148,037	–	0.35%	–
GGG	New	GRACO INC	$23,276	–	307,483	–	0.34%	–
MTN	New	VAIL RESORTS INC	$23,279	–	73,548	–	0.34%	–
TFX	New	TELEFLEX INCORPORATED	$22,625	–	56,311	–	0.33%	–
FICO	New	FAIR ISAAC CORP	$22,336	–	44,434	–	0.32%	–
HEIA	New	HEICO CORP NEWcl a	$21,576	–	173,745	–	0.31%	–
WSO	New	WATSCO INC	$21,140	–	73,750	–	0.30%	–
CGNX	New	COGNEX CORP	$20,644	–	245,617	–	0.30%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$20,204	–	179,242	–	0.29%	–
ATR	New	APTARGROUP INC	$19,012	–	134,993	–	0.28%	–
IAA	New	IAA INC	$18,113	–	332,114	–	0.26%	–
HCAT	New	HEALTH CATALYST INC	$17,673	–	318,379	–	0.26%	–
IT	New	GARTNER INC	$17,304	–	71,445	–	0.25%	–
AVLR	New	AVALARA INC	$16,521	–	102,109	–	0.24%	–
	New	LIGHTSPEED POS INC	$14,781	–	176,780	–	0.21%	–
LCII	New	LCI INDS	$12,859	–	97,844	–	0.19%	–
ANSS	New	ANSYS INC	$7,299	–	21,031	–	0.10%	–
CPRT	New	COPART INC	$6,720	–	50,972	–	0.10%	–
CDXS	New	CODEXIS INC	$2,495	–	110,085	–	0.04%	–
TRNS	New	TRANSCAT INC	$2,491	–	44,075	–	0.04%	–
KIDS	New	ORTHOPEDIATRICS CORP	$2,337	–	36,995	–	0.03%	–
SSTI	New	SHOTSPOTTER INC	$2,319	–	47,545	–	0.03%	–
BLFS	New	BIOLIFE SOLUTIONS INC	$2,248	–	50,510	–	0.03%	–
CYRX	New	CRYOPORT INC	$2,156	–	34,175	–	0.03%	–
DGII	New	DIGI INTL INC	$1,979	–	98,425	–	0.03%	–
NVEE	New	NV5 GLOBAL INC	$1,952	–	20,657	–	0.03%	–
PLMR	New	PALOMAR HLDGS INC	$1,866	–	24,725	–	0.03%	–
NSTG	New	NANOSTRING TECHNOLOGIES INC	$1,877	–	28,975	–	0.03%	–
IIIV	New	I3 VERTICALS INC	$1,779	–	58,875	–	0.03%	–
WLDN	New	WILLDAN GROUP INC	$1,645	–	43,705	–	0.02%	–
IIN	New	INTRICON CORP	$1,628	–	72,400	–	0.02%	–
USPH	New	U S PHYSICAL THERAPY	$1,573	–	13,575	–	0.02%	–
LSF	New	LAIRD SUPERFOOD INC	$1,620	–	54,250	–	0.02%	–
BDSX	New	BIODESIX INC	$1,519	–	115,025	–	0.02%	–
FAST	New	FASTENAL CO	$1,463	–	28,127	–	0.02%	–
TSCO	New	TRACTOR SUPPLY CO	$1,298	–	6,975	–	0.02%	–
CSGP	New	COSTAR GROUP INC	$1,345	–	16,245	–	0.02%	–
ALGN	New	ALIGN TECHNOLOGY INC	$1,296	–	2,122	–	0.02%	–
VRSK	New	VERISK ANALYTICS INC	$1,186	–	6,788	–	0.02%	–
FTNT	New	FORTINET INC	$1,166	–	4,896	–	0.02%	–
AAPL	New	APPLE INC	$1,123	–	8,200	–	0.02%	–
INFO	New	IHS MARKIT LTD	$1,115	–	9,895	–	0.02%	–
MSFT	New	MICROSOFT CORP	$1,039	–	3,834	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$946	–	2,390	–	0.01%	–
IDXX	New	IDEXX LABS INC	$928	–	1,470	–	0.01%	–
VEEV	New	VEEVA SYS INC	$840	–	2,700	–	0.01%	–
ROP	New	ROPER TECHNOLOGIES INC	$802	–	1,705	–	0.01%	–
SITM	New	SITIME CORP	$854	–	6,750	–	0.01%	–
FDS	New	FACTSET RESH SYS INC	$760	–	2,264	–	0.01%	–
WCN	New	WASTE CONNECTIONS INC	$732	–	6,130	–	0.01%	–
LIN	New	LINDE PLC	$770	–	2,665	–	0.01%	–
INTU	New	INTUIT	$779	–	1,590	–	0.01%	–
GRMN	New	GARMIN LTD	$661	–	4,570	–	0.01%	–
MKL	New	MARKEL CORP	$673	–	567	–	0.01%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$635	–	1,085	–	0.01%	–
XYL	New	XYLEM INC	$608	–	5,065	–	0.01%	–
TRU	New	TRANSUNION	$612	–	5,575	–	0.01%	–
JNJ	New	JOHNSON & JOHNSON	$567	–	3,440	–	0.01%	–
XOM	New	EXXON MOBIL CORP	$477	–	7,554	–	0.01%	–
GOOGL	New	ALPHABET INCcap stk cl a	$476	–	195	–	0.01%	–
GOOG	New	ALPHABET INCcap stk cl c	$489	–	195	–	0.01%	–
BLL	New	BALL CORP	$454	–	5,602	–	0.01%	–
SJM	New	SMUCKER J M CO	$465	–	3,585	–	0.01%	–
DLB	New	DOLBY LABORATORIES INC	$503	–	5,119	–	0.01%	–
COUP	New	COUPA SOFTWARE INC	$452	–	1,725	–	0.01%	–
MA	New	MASTERCARD INCORPORATEDcl a	$413	–	1,130	–	0.01%	–
HD	New	HOME DEPOT INC	$383	–	1,200	–	0.01%	–
NKE	New	NIKE INCcl b	$361	–	2,335	–	0.01%	–
ITW	New	ILLINOIS TOOL WKS INC	$313	–	1,400	–	0.01%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$341	–	5,000	–	0.01%	–
JPM	New	JPMORGAN CHASE & CO	$321	–	2,066	–	0.01%	–
AMGN	New	AMGEN INC	$324	–	1,330	–	0.01%	–
MMM	New	3M CO	$362	–	1,820	–	0.01%	–
DHR	New	DANAHER CORPORATION	$368	–	1,370	–	0.01%	–
ECL	New	ECOLAB INC	$254	–	1,235	–	0.00%	–
MASI	New	MASIMO CORP	$308	–	1,270	–	0.00%	–
WTRG	New	ESSENTIAL UTILS INC	$278	–	6,087	–	0.00%	–
XM	New	QUALTRICS INTL INC	$262	–	6,840	–	0.00%	–
STE	New	STERIS PLC	$289	–	1,400	–	0.00%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$306	–	1,100	–	0.00%	–
VZ	New	VERIZON COMMUNICATIONS INC	$203	–	3,622	–	0.00%	–
INTC	New	INTEL CORP	$233	–	4,150	–	0.00%	–
WPC	New	WP CAREY INC	$213	–	2,850	–	0.00%	–
PSA	New	PUBLIC STORAGE	$201	–	670	–	0.00%	–
PEP	New	PEPSICO INC	$215	–	1,450	–	0.00%	–
PFF	New	ISHARES TRpfd and incm sec	$218	–	5,531	–	0.00%	–
PGX	New	INVESCO EXCH TRADED FD TR IIpfd etf	$174	–	11,350	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,974	–	-0.00%	–
PEP	Exit	PEPSICO INC	$0	–	-1,450	–	-0.00%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,235	–	-0.01%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-5,000	–	-0.01%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-6,087	–	-0.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-2,741	–	-0.01%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-1,170	–	-0.01%	–
ECL	Exit	ECOLAB INC	$0	–	-1,315	–	-0.01%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-3,873	–	-0.01%	–
INTC	Exit	INTEL CORP	$0	–	-6,050	–	-0.01%	–
TRMB	Exit	TRIMBLE INC	$0	–	-6,241	–	-0.01%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-205	–	-0.01%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-205	–	-0.01%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,875	–	-0.01%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,200	–	-0.01%	–
AMGN	Exit	AMGEN INC	$0	–	-1,330	–	-0.01%	–
TRU	Exit	TRANSUNION	$0	–	-3,990	–	-0.01%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-1,695	–	-0.01%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,215	–	-0.01%	–
XYL	Exit	XYLEM INC	$0	–	-4,980	–	-0.01%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-6,368	–	-0.01%	–
GRMN	Exit	GARMIN LTD	$0	–	-4,570	–	-0.01%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-4,585	–	-0.01%	–
IPGP	Exit	IPG PHOTONICS CORP	$0	–	-2,775	–	-0.01%	–
SJM	Exit	SMUCKER J M CO	$0	–	-4,105	–	-0.01%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-1,135	–	-0.01%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,940	–	-0.01%	–
MRK	Exit	MERCK & CO. INC	$0	–	-6,650	–	-0.01%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-1,375	–	-0.01%	–
INTU	Exit	INTUIT	$0	–	-1,805	–	-0.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,996	–	-0.01%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-18,654	–	-0.01%	–
PFE	Exit	PFIZER INC	$0	–	-17,508	–	-0.01%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-1,665	–	-0.01%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-4,250	–	-0.01%	–
LIN	Exit	LINDE PLC	$0	–	-2,785	–	-0.01%	–
FDS	Exit	FACTSET RESH SYS INC	$0	–	-2,091	–	-0.01%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-2,450	–	-0.01%	–
ABBV	Exit	ABBVIE INC	$0	–	-7,935	–	-0.01%	–
MMM	Exit	3M CO	$0	–	-4,180	–	-0.01%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,202	–	-0.02%	–
FTNT	Exit	FORTINET INC	$0	–	-6,113	–	-0.02%	–
MKL	Exit	MARKEL CORP	$0	–	-849	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-2,350	–	-0.02%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-6,705	–	-0.02%	–
ABT	Exit	ABBOTT LABS	$0	–	-8,990	–	-0.02%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,599	–	-0.02%	–
USPH	Exit	U S PHYSICAL THERAPY INC	$0	–	-11,155	–	-0.02%	–
UNP	Exit	UNION PAC CORP	$0	–	-5,332	–	-0.02%	–
AAPL	Exit	APPLE INC	$0	–	-9,380	–	-0.02%	–
IIN	Exit	INTRICON CORP	$0	–	-87,725	–	-0.02%	–
TWST	Exit	TWIST BIOSCIENCE CORP	$0	–	-14,275	–	-0.02%	–
PLMR	Exit	PALOMAR HLDGS INC	$0	–	-10,950	–	-0.02%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-6,542	–	-0.02%	–
FAST	Exit	FASTENAL CO	$0	–	-27,727	–	-0.02%	–
WLDN	Exit	WILLDAN GROUP INC	$0	–	-48,430	–	-0.02%	–
NVEE	Exit	NV5 GLOBAL INC	$0	–	-24,505	–	-0.03%	–
NSTG	Exit	NANOSTRING TECHNOLOGIES INC	$0	–	-29,345	–	-0.03%	–
CDXS	Exit	CODEXIS INC	$0	–	-114,710	–	-0.03%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-1,605	–	-0.03%	–
KIDS	Exit	ORTHOPEDIATRICS CORP	$0	–	-28,895	–	-0.03%	–
TRNS	Exit	TRANSCAT INC	$0	–	-46,750	–	-0.03%	–
DGII	Exit	DIGI INTL INC	$0	–	-89,550	–	-0.03%	–
CYRX	Exit	CRYOPORT INC	$0	–	-32,500	–	-0.03%	–
SSTI	Exit	SHOTSPOTTER INC	$0	–	-49,255	–	-0.03%	–
CLCT	Exit	COLLECTORS UNIVERSE INC	$0	–	-30,650	–	-0.03%	–
BLFS	Exit	BIOLIFE SOLUTIONS INC	$0	–	-55,535	–	-0.03%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-20,396	–	-0.03%	–
CDNA	Exit	CAREDX INC	$0	–	-48,155	–	-0.04%	–
SLP	Exit	SIMULATIONS PLUS INC	$0	–	-24,505	–	-0.04%	–
VCEL	Exit	VERICEL CORP	$0	–	-106,500	–	-0.04%	–
LSF	Exit	LAIRD SUPERFOOD INC	$0	–	-50,000	–	-0.05%	–
IT	Exit	GARTNER INC	$0	–	-60,102	–	-0.15%	–
PS	Exit	PLURALSIGHT INC	$0	–	-492,075	–	-0.17%	–
CPRT	Exit	COPART INC	$0	–	-82,279	–	-0.18%	–
LCII	Exit	LCI INDS	$0	–	-82,974	–	-0.18%	–
ATR	Exit	APTARGROUP INC	$0	–	-79,857	–	-0.18%	–
HCAT	Exit	HEALTH CATALYST INC	$0	–	-277,644	–	-0.20%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-52,449	–	-0.20%	–
CGNX	Exit	COGNEX CORP	$0	–	-204,280	–	-0.27%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-66,989	–	-0.29%	–
TFX	Exit	TELEFLEX INCORPORATED	$0	–	-42,362	–	-0.29%	–
WSO	Exit	WATSCO INC	$0	–	-62,531	–	-0.29%	–
IAA	Exit	IAA INC	$0	–	-282,464	–	-0.30%	–
ANSS	Exit	ANSYS INC	$0	–	-47,996	–	-0.32%	–
GGG	Exit	GRACO INC	$0	–	-259,259	–	-0.32%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-152,830	–	-0.32%	–
JKHY	Exit	HENRY JACK & ASSOC INC	$0	–	-97,975	–	-0.32%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-37,537	–	-0.32%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-47,474	–	-0.33%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-188,894	–	-0.34%	–
BFAM	Exit	BRIGHT HORIZONS FAM SOL IN D	$0	–	-134,322	–	-0.41%	–
WST	Exit	WEST PHARMACEUTICAL SVSC INC	$0	–	-90,227	–	-0.50%	–
POOL	Exit	POOL CORP	$0	–	-79,328	–	-0.54%	–
EVI	Exit	EVI INDS INC	$0	–	-1,035,503	–	-0.56%	–
ROL	Exit	ROLLINS INC	$0	–	-517,245	–	-0.56%	–
NRC	Exit	NATIONAL RESH CORP	$0	–	-674,794	–	-0.67%	–
CMD	Exit	CANTEL MED CORP	$0	–	-789,154	–	-0.70%	–
PRLB	Exit	PROTO LABS INC	$0	–	-280,406	–	-0.73%	–
ROG	Exit	ROGERS CORP	$0	–	-424,850	–	-0.84%	–
HLIO	Exit	HELIOS TECHNOLOGIES INC	$0	–	-1,373,597	–	-1.01%	–
WDFC	Exit	WD-40 CO	$0	–	-282,607	–	-1.08%	–
QTWO	Exit	Q2 HLDGS INC	$0	–	-606,570	–	-1.12%	–
FIVN	Exit	FIVE9 INC	$0	–	-437,715	–	-1.14%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-1,884,039	–	-1.24%	–
MODN	Exit	MODEL N INC	$0	–	-1,827,360	–	-1.30%	–
LGND	Exit	LIGAND PHARMACEUTICALS INC	$0	–	-709,398	–	-1.36%	–
OFLX	Exit	OMEGA FLEX INC	$0	–	-435,106	–	-1.38%	–
RP	Exit	REALPAGE INC	$0	–	-1,306,022	–	-1.52%	–
LOPE	Exit	GRAND CANYON ED INC	$0	–	-945,796	–	-1.52%	–
PRO	Exit	PROS HOLDINGS INC	$0	–	-2,388,268	–	-1.54%	–
ESE	Exit	ESCO TECHNOLOGIES INC	$0	–	-951,799	–	-1.55%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-2,996,908	–	-1.58%	–
DORM	Exit	DORMAN PRODUCTS INC	$0	–	-885,353	–	-1.61%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP	$0	–	-871,748	–	-1.62%	–
EPAY	Exit	BOTTOMLINE TECH DEL INC	$0	–	-1,931,263	–	-1.64%	–
VCRA	Exit	VOCERA COMMUNICATIONS INC	$0	–	-2,848,709	–	-1.67%	–
ROAD	Exit	CONSTRUCTION PARTNERS INC	$0	–	-4,889,959	–	-1.80%	–
MMSI	Exit	MERIT MED SYS INC	$0	–	-2,046,245	–	-1.80%	–
BCPC	Exit	BALCHEM CORP	$0	–	-931,676	–	-1.84%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-756,719	–	-1.85%	–
PLOW	Exit	DOUGLAS DYNAMICS INC	$0	–	-2,717,341	–	-1.88%	–
ALTR	Exit	ALTAIR ENGR INC	$0	–	-2,258,125	–	-1.91%	–
TECH	Exit	BIO-TECHNE CORP	$0	–	-385,051	–	-1.92%	–
AAON	Exit	AAON INC	$0	–	-1,744,552	–	-2.12%	–
AXON	Exit	AXON ENTERPRISE INC	$0	–	-1,199,720	–	-2.20%	–
NOVT	Exit	NOVANTA INC	$0	–	-1,039,619	–	-2.21%	–
PCTY	Exit	PAYLOCITY HLDG CORP	$0	–	-695,663	–	-2.26%	–
OMCL	Exit	OMNICELL COM	$0	–	-1,597,242	–	-2.40%	–
BL	Exit	BLACKLINE INC	$0	–	-1,368,627	–	-2.47%	–
MLAB	Exit	MESA LABS INC	$0	–	-499,349	–	-2.57%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-1,742,896	–	-2.61%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-1,347,745	–	-2.64%	–
CWST	Exit	CASELLA WASTE SYS INCcl a	$0	–	-2,422,589	–	-2.73%	–
EXPO	Exit	EXPONENT INC	$0	–	-1,900,430	–	-2.76%	–
TREX	Exit	TREX CO INC	$0	–	-1,911,307	–	-2.76%	–
SPSC	Exit	SPS COMMERCE INC	$0	–	-1,764,623	–	-2.77%	–
NEOG	Exit	NEOGEN CORP	$0	–	-1,830,422	–	-2.89%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC	$0	–	-1,197,019	–	-2.94%	–
MRCY	Exit	MERCURY SYS INC	$0	–	-1,926,665	–	-3.01%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-1,210,455	–	-3.22%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-2,968,484	–	-3.41%	–
RGEN	Exit	REPLIGEN CORP	$0	–	-1,165,616	–	-3.47%	–

Q3 2020

			Value		Shares		↓ Weighting
RGEN	Buy	REPLIGEN CORP	$171,975	+25.5%	1,165,616	+5.1%	3.47%	+16.2%
DSGX	Buy	DESCARTES SYS GROUP INC	$169,144	+12.5%	2,968,484	+4.4%	3.41%	+4.2%
FSV	Buy	FIRSTSERVICE CORP NEW	$159,647	+41.4%	1,210,455	+8.0%	3.22%	+31.0%
MRCY	Buy	MERCURY SYS INC	$149,239	+16.8%	1,926,665	+18.6%	3.01%	+8.2%
SITE	Buy	SITEONE LANDSCAPE SUPPLY INC	$145,976	+13.6%	1,197,019	+6.1%	2.94%	+5.3%
NEOG	Buy	NEOGEN CORP	$143,231	+6.2%	1,830,422	+5.3%	2.89%	-1.6%
SPSC	Buy	SPS COMMERCE INC	$137,411	+8.1%	1,764,623	+4.2%	2.77%	+0.1%
EXPO	Buy	EXPONENT INC	$136,888	-6.4%	1,900,430	+5.2%	2.76%	-13.3%
TREX	Buy	TREX CO INC	$136,850	-4.0%	1,911,307	+74.4%	2.76%	-11.1%
CWST	Buy	CASELLA WASTE SYS INCcl a	$135,302	+26.8%	2,422,589	+18.4%	2.73%	+17.5%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$130,947	+9.8%	1,347,745	-4.6%	2.64%	+1.7%
FOXF	Buy	FOX FACTORY HLDG CORP	$129,549	-5.8%	1,742,896	+4.7%	2.61%	-12.7%
MLAB	Buy	MESA LABS INC	$127,214	+22.7%	499,349	+4.4%	2.57%	+13.6%
BL	Buy	BLACKLINE INC	$122,670	+11.8%	1,368,627	+3.4%	2.47%	+3.6%
OMCL	Buy	OMNICELL COM	$119,250	+12.3%	1,597,242	+6.2%	2.40%	+4.0%
PCTY	Sell	PAYLOCITY HLDG CORP	$112,294	-6.9%	695,663	-15.8%	2.26%	-13.7%
NOVT	Buy	NOVANTA INC	$109,513	+2.3%	1,039,619	+3.7%	2.21%	-5.2%
AXON	Buy	AXON ENTERPRISE INC	$108,815	-3.1%	1,199,720	+4.8%	2.20%	-10.3%
AAON	Buy	AAON INC	$105,109	+15.0%	1,744,552	+3.6%	2.12%	+6.5%
TECH	Buy	BIO-TECHNE CORP	$95,389	-0.5%	385,051	+6.0%	1.92%	-7.9%
ALTR	Buy	ALTAIR ENGR INC	$94,796	+12.1%	2,258,125	+6.2%	1.91%	+3.9%
PLOW	Buy	DOUGLAS DYNAMICS INC	$92,933	+2.0%	2,717,341	+4.8%	1.88%	-5.4%
ROLL	Buy	RBC BEARINGS INC	$91,722	+7.6%	756,719	+19.0%	1.85%	-0.3%
BCPC	Buy	BALCHEM CORP	$90,960	+7.9%	931,676	+4.8%	1.84%	0.0%
MMSI	Buy	MERIT MED SYS INC	$89,012	-0.8%	2,046,245	+4.1%	1.80%	-8.0%
ROAD	Buy	CONSTRUCTION PARTNERS INC	$88,997	+8.1%	4,889,959	+5.5%	1.80%	+0.1%
VCRA	Sell	VOCERA COMMUNICATIONS INC	$82,840	+24.0%	2,848,709	-9.6%	1.67%	+14.8%
EPAY	Buy	BOTTOMLINE TECH DEL INC	$81,422	-12.5%	1,931,263	+5.4%	1.64%	-19.0%
JBT	Buy	JOHN BEAN TECHNOLOGIES CORP	$80,105	+12.0%	871,748	+4.8%	1.62%	+3.8%
DORM	Buy	DORMAN PRODUCTS INC	$80,018	+40.5%	885,353	+4.2%	1.61%	+30.2%
ACIW	Buy	ACI WORLDWIDE INC	$78,309	+1.1%	2,996,908	+4.5%	1.58%	-6.3%
ESE	Buy	ESCO TECHNOLOGIES INC	$76,677	-1.0%	951,799	+3.9%	1.55%	-8.2%
PRO	Buy	PROS HOLDINGS INC	$76,281	-12.5%	2,388,268	+21.8%	1.54%	-18.9%
LOPE	Buy	GRAND CANYON ED INC	$75,607	-6.8%	945,796	+5.5%	1.52%	-13.7%
RP	Buy	REALPAGE INC	$75,279	+62.9%	1,306,022	+83.8%	1.52%	+51.0%
OFLX	Buy	OMEGA FLEX INC	$68,190	+54.2%	435,106	+4.1%	1.38%	+42.9%
LGND	Buy	LIGAND PHARMACEUTICALS INC	$67,620	-10.1%	709,398	+5.4%	1.36%	-16.7%
MODN	Buy	MODEL N INC	$64,469	+41.7%	1,827,360	+39.6%	1.30%	+31.2%
LMAT	Buy	LEMAITRE VASCULAR INC	$61,288	+28.8%	1,884,039	+4.5%	1.24%	+19.3%
FIVN	Sell	FIVE9 INC	$56,763	-1.1%	437,715	-15.6%	1.14%	-8.4%
QTWO	Buy	Q2 HLDGS INC	$55,356	+128.8%	606,570	+115.1%	1.12%	+112.0%
WDFC	Buy	WD-40 CO	$53,500	-0.7%	282,607	+4.0%	1.08%	-8.0%
HLIO	Buy	HELIOS TECHNOLOGIES INC	$49,999	+1.5%	1,373,597	+3.9%	1.01%	-5.9%
ROG	Buy	ROGERS CORP	$41,661	-18.3%	424,850	+3.8%	0.84%	-24.3%
PRLB	Sell	PROTO LABS INC	$36,313	-27.8%	280,406	-37.3%	0.73%	-33.1%
CMD	Buy	CANTEL MED CORP	$34,675	+2.8%	789,154	+3.5%	0.70%	-4.8%
NRC	Buy	NATIONAL RESH CORP	$33,207	-11.7%	674,794	+4.4%	0.67%	-18.2%
ROL	Buy	ROLLINS INC	$28,030	+47.1%	517,245	+15.1%	0.56%	+36.1%
EVI	Buy	EVI INDS INC	$27,555	+31.2%	1,035,503	+7.1%	0.56%	+21.7%
POOL	Buy	POOL CORP	$26,538	+38.6%	79,328	+12.7%	0.54%	+28.3%
WST	Buy	WEST PHARMACEUTICAL SVSC INC	$24,803	+39.6%	90,227	+15.4%	0.50%	+29.2%
BFAM	Buy	BRIGHT HORIZONS FAM SOL IN D	$20,422	+51.2%	134,322	+16.6%	0.41%	+40.1%
HEIA	Buy	HEICO CORP NEWcl a	$16,747	+26.4%	188,894	+15.8%	0.34%	+17.0%
TYL	Buy	TYLER TECHNOLOGIES INC	$16,548	+12.4%	47,474	+11.9%	0.33%	+4.0%
FICO	Buy	FAIR ISAAC CORP	$15,967	+15.2%	37,537	+13.2%	0.32%	+6.6%
GWRE	Buy	GUIDEWIRE SOFTWARE INC	$15,936	+5.9%	152,830	+12.6%	0.32%	-2.1%
GGG	Buy	GRACO INC	$15,906	+48.2%	259,259	+16.0%	0.32%	+37.2%
JKHY	Buy	HENRY JACK & ASSOC INC	$15,930	+2.5%	97,975	+16.1%	0.32%	-5.0%
ANSS	Buy	ANSYS INC	$15,706	+25.4%	47,996	+11.8%	0.32%	+16.1%
IAA	Buy	IAA INC	$14,708	+108.5%	282,464	+54.4%	0.30%	+92.9%
WSO	Buy	WATSCO INC	$14,563	+47.2%	62,531	+12.3%	0.29%	+36.7%
TFX	Buy	TELEFLEX INCORPORATED	$14,421	+9.4%	42,362	+17.0%	0.29%	+1.4%
MTN	Buy	VAIL RESORTS INC	$14,334	+35.4%	66,989	+15.3%	0.29%	+25.1%
CGNX	Buy	COGNEX CORP	$13,299	+25.0%	204,280	+14.6%	0.27%	+15.5%
HCAT	Buy	HEALTH CATALYST INC	$10,162	+40.1%	277,644	+11.7%	0.20%	+29.7%
GNRC	Buy	GENERAC HLDGS INC	$10,156	+80.3%	52,449	+13.5%	0.20%	+66.7%
ATR	Buy	APTARGROUP INC	$9,040	+54.6%	79,857	+52.9%	0.18%	+43.3%
LCII	Buy	LCI INDS	$8,819	+4.5%	82,974	+13.0%	0.18%	-3.3%
CPRT	Sell	COPART INC	$8,652	-5.4%	82,279	-25.1%	0.18%	-12.1%
PS	Buy	PLURALSIGHT INC	$8,429	+10.1%	492,075	+16.0%	0.17%	+1.8%
IT	Buy	GARTNER INC	$7,510	+16.2%	60,102	+12.9%	0.15%	+7.1%
LSF	New	LAIRD SUPERFOOD INC	$2,293	–	50,000	–	0.05%	–
VCEL	Buy	VERICEL CORP	$1,973	+41.5%	106,500	+5.6%	0.04%	+33.3%
CDNA	Buy	CAREDX INC	$1,827	+13.3%	48,155	+5.8%	0.04%	+5.7%
SLP	Buy	SIMULATIONS PLUS INC	$1,847	+32.3%	24,505	+5.0%	0.04%	+23.3%
BLFS	Buy	BIOLIFE SOLUTIONS INC	$1,607	+85.6%	55,535	+4.8%	0.03%	+68.4%
CYRX	Sell	CRYOPORT INC	$1,540	+9.2%	32,500	-30.3%	0.03%	0.0%
CLCT	Buy	COLLECTORS UNIVERSE INC	$1,517	+53.4%	30,650	+6.2%	0.03%	+40.9%
SSTI	Buy	SHOTSPOTTER INC	$1,529	+29.4%	49,255	+5.0%	0.03%	+19.2%
DGII	Buy	DIGI INTL INC	$1,400	+71.1%	89,550	+27.6%	0.03%	+55.6%
TRNS	Buy	TRANSCAT INC	$1,370	+42.0%	46,750	+25.3%	0.03%	+33.3%
KIDS	Buy	ORTHOPEDIATRICS CORP	$1,327	+9.8%	28,895	+4.6%	0.03%	+3.8%
CDXS	Buy	CODEXIS INC	$1,347	+8.5%	114,710	+5.3%	0.03%	0.0%
NSTG	Buy	NANOSTRING TECHNOLOGIES INC	$1,312	+60.8%	29,345	+5.6%	0.03%	+44.4%
NVEE	Buy	NV5 GLOBAL INC	$1,293	+7.4%	24,505	+3.5%	0.03%	0.0%
WLDN	Buy	WILLDAN GROUP INC	$1,235	+5.1%	48,430	+3.1%	0.02%	-3.8%
PLMR	Sell	PALOMAR HLDGS INC	$1,141	-15.0%	10,950	-30.0%	0.02%	-20.7%
IIN	Buy	INTRICON CORP	$1,068	+39.6%	87,725	+55.1%	0.02%	+29.4%
AAPL	Buy	APPLE INC	$1,086	+20.0%	9,380	+278.2%	0.02%	+10.0%
TWST	Sell	TWIST BIOSCIENCE CORP	$1,084	-32.5%	14,275	-59.7%	0.02%	-37.1%
MSFT	Sell	MICROSOFT CORP	$967	+2.2%	4,599	-1.1%	0.02%	-4.8%
USPH	Buy	U S PHYSICAL THERAPY INC	$969	+12.8%	11,155	+5.2%	0.02%	+5.3%
MMM	Sell	3M CO	$670	-1.9%	4,180	-4.6%	0.01%	-6.7%
PFE	Buy	PFIZER INC	$643	+15.0%	17,508	+2.3%	0.01%	+8.3%
ROP	Buy	ROPER TECHNOLOGIES INC	$658	+22.3%	1,665	+20.2%	0.01%	+8.3%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$557	+2.4%	1,135	-9.2%	0.01%	-8.3%
WCN	Buy	WASTE CONNECTIONS INC	$476	+42.9%	4,585	+29.2%	0.01%	+42.9%
XYL	Sell	XYLEM INC	$419	+9.7%	4,980	-15.3%	0.01%	0.0%
TRU	Buy	TRANSUNION	$336	+40.6%	3,990	+45.1%	0.01%	+40.0%
TRMB	Sell	TRIMBLE INC	$304	-46.0%	6,241	-52.1%	0.01%	-50.0%
INTC	Sell	INTEL CORP	$313	-24.2%	6,050	-12.3%	0.01%	-33.3%
VZ	Buy	VERIZON COMMUNICATIONS INC	$230	+10.6%	3,873	+2.7%	0.01%	0.0%
PYPL	Sell	PAYPAL HLDGS INC	$231	+12.1%	1,170	-0.8%	0.01%	+25.0%
PEP	New	PEPSICO INC	$201	–	1,450	–	0.00%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-4,793	–	-0.01%	–
WPC	Exit	WP CAREY INC	$0	–	-4,550	–	-0.01%	–
NARI	Exit	INARI MED INC	$0	–	-16,150	–	-0.02%	–
BLKB	Exit	BLACKBAUD INC	$0	–	-713,877	–	-0.89%	–
AIN	Exit	ALBANY INTL CORPcl a	$0	–	-856,750	–	-1.10%	–

Q2 2020

			Value		Shares		↓ Weighting
DSGX	New	DESCARTES SYS GROUP INC	$150,343	–	2,842,015	–	3.27%	–
EXPO	New	EXPONENT INC	$146,259	–	1,807,230	–	3.18%	–
TREX	New	TREX CO INC	$142,581	–	1,096,185	–	3.10%	–
FOXF	New	FOX FACTORY HLDG CORP	$137,454	–	1,663,891	–	2.99%	–
RGEN	New	REPLIGEN CORP	$137,070	–	1,108,894	–	2.98%	–
NEOG	New	NEOGEN CORP	$134,864	–	1,737,934	–	2.94%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$128,525	–	1,127,713	–	2.80%	–
MRCY	New	MERCURY SYS INC	$127,801	–	1,624,728	–	2.78%	–
SPSC	New	SPS COMMERCE INC	$127,172	–	1,692,923	–	2.77%	–
PCTY	New	PAYLOCITY HLDG CORP	$120,573	–	826,468	–	2.62%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$119,209	–	1,413,100	–	2.60%	–
FSV	New	FIRSTSERVICE CORP NEW	$112,885	–	1,120,444	–	2.46%	–
AXON	New	AXON ENTERPRISE INC	$112,339	–	1,144,801	–	2.45%	–
BL	New	BLACKLINE INC	$109,729	–	1,323,477	–	2.39%	–
NOVT	New	NOVANTA INC	$107,020	–	1,002,339	–	2.33%	–
CWST	New	CASELLA WASTE SYS INCcl a	$106,663	–	2,046,495	–	2.32%	–
OMCL	New	OMNICELL INC	$106,202	–	1,503,855	–	2.31%	–
MLAB	New	MESA LABS INC	$103,717	–	478,399	–	2.26%	–
TECH	New	BIO-TECHNE CORP	$95,885	–	363,104	–	2.09%	–
EPAY	New	BOTTOMLINE TECH DEL INC	$93,025	–	1,832,284	–	2.03%	–
AAON	New	AAON INC	$91,382	–	1,683,227	–	1.99%	–
PLOW	New	DOUGLAS DYNAMICS INC	$91,084	–	2,593,495	–	1.98%	–
MMSI	New	MERIT MED SYS INC	$89,709	–	1,965,137	–	1.95%	–
PRO	New	PROS HOLDINGS INC	$87,150	–	1,961,503	–	1.90%	–
ROLL	New	RBC BEARINGS INC	$85,234	–	635,886	–	1.86%	–
ALTR	New	ALTAIR ENGR INC	$84,554	–	2,127,142	–	1.84%	–
BCPC	New	BALCHEM CORP	$84,297	–	888,650	–	1.84%	–
ROAD	New	CONSTRUCTION PARTNERS INC	$82,330	–	4,635,722	–	1.79%	–
LOPE	New	GRAND CANYON ED INC	$81,153	–	896,421	–	1.77%	–
ACIW	New	ACI WORLDWIDE INC	$77,427	–	2,868,721	–	1.69%	–
ESE	New	ESCO TECHNOLOGIES INC	$77,449	–	916,234	–	1.69%	–
LGND	New	LIGAND PHARMACEUTICALS INC	$75,249	–	672,768	–	1.64%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP	$71,529	–	831,536	–	1.56%	–
VCRA	New	VOCERA COMMUNICATIONS INC	$66,830	–	3,152,382	–	1.46%	–
FIVN	New	FIVE9 INC	$57,386	–	518,535	–	1.25%	–
DORM	New	DORMAN PRODUCTS INC	$56,971	–	849,428	–	1.24%	–
WDFC	New	WD-40 CO	$53,879	–	271,704	–	1.17%	–
ROG	New	ROGERS CORP	$50,988	–	409,210	–	1.11%	–
AIN	New	ALBANY INTL CORPcl a	$50,300	–	856,750	–	1.10%	–
PRLB	New	PROTO LABS INC	$50,262	–	446,896	–	1.09%	–
HLIO	New	HELIOS TECHNOLOGIES INC	$49,237	–	1,321,801	–	1.07%	–
LMAT	New	LEMAITRE VASCULAR INC	$47,596	–	1,802,869	–	1.04%	–
RP	New	REALPAGE INC	$46,203	–	710,705	–	1.01%	–
MODN	New	MODEL N INC	$45,498	–	1,308,920	–	0.99%	–
OFLX	New	OMEGA FLEX INC	$44,229	–	418,046	–	0.96%	–
BLKB	New	BLACKBAUD INC	$40,748	–	713,877	–	0.89%	–
NRC	New	NATIONAL RESH CORP	$37,613	–	646,164	–	0.82%	–
CMD	New	CANTEL MED CORP	$33,719	–	762,359	–	0.73%	–
QTWO	New	Q2 HLDGS INC	$24,196	–	282,040	–	0.53%	–
EVI	New	EVI INDUSTRIES INC	$21,000	–	967,300	–	0.46%	–
POOL	New	POOL CORPORATION	$19,142	–	70,408	–	0.42%	–
ROL	New	ROLLINS INC	$19,056	–	449,548	–	0.42%	–
WST	New	WEST PHARMACEUTICAL SVSC INC	$17,767	–	78,210	–	0.39%	–
JKHY	New	HENRY JACK & ASSOC INC	$15,536	–	84,421	–	0.34%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$15,050	–	135,772	–	0.33%	–
TYL	New	TYLER TECHNOLOGIES INC	$14,720	–	42,434	–	0.32%	–
FICO	New	FAIR ISAAC CORP	$13,860	–	33,155	–	0.30%	–
BFAM	New	BRIGHT HORIZONS FAM SOL IN D	$13,506	–	115,239	–	0.29%	–
HEIA	New	HEICO CORP NEWcl a	$13,250	–	163,103	–	0.29%	–
TFX	New	TELEFLEX INCORPORATED	$13,181	–	36,214	–	0.29%	–
ANSS	New	ANSYS INC	$12,528	–	42,943	–	0.27%	–
GGG	New	GRACO INC	$10,730	–	223,595	–	0.23%	–
CGNX	New	COGNEX CORP	$10,642	–	178,191	–	0.23%	–
MTN	New	VAIL RESORTS INC	$10,587	–	58,122	–	0.23%	–
WSO	New	WATSCO INC	$9,893	–	55,674	–	0.22%	–
CPRT	New	COPART INC	$9,149	–	109,872	–	0.20%	–
LCII	New	LCI INDS	$8,440	–	73,408	–	0.18%	–
PS	New	PLURALSIGHT INC	$7,654	–	424,068	–	0.17%	–
HCAT	New	HEALTH CATALYST INC	$7,251	–	248,567	–	0.16%	–
IAA	New	IAA INC	$7,054	–	182,893	–	0.15%	–
IT	New	GARTNER INC	$6,461	–	53,253	–	0.14%	–
ATR	New	APTARGROUP INC	$5,848	–	52,220	–	0.13%	–
GNRC	New	GENERAC HLDGS INC	$5,633	–	46,195	–	0.12%	–
CDNA	New	CAREDX INC	$1,612	–	45,505	–	0.04%	–
TWST	New	TWIST BIOSCIENCE CORP	$1,606	–	35,450	–	0.04%	–
INFO	New	IHS MARKIT LTD	$1,540	–	20,396	–	0.03%	–
CYRX	New	CRYOPORT INC	$1,410	–	46,600	–	0.03%	–
VCEL	New	VERICEL CORP	$1,394	–	100,850	–	0.03%	–
SLP	New	SIMULATIONS PLUS INC	$1,396	–	23,330	–	0.03%	–
PLMR	New	PALOMAR HLDGS INC	$1,342	–	15,650	–	0.03%	–
CDXS	New	CODEXIS INC	$1,242	–	108,985	–	0.03%	–
KIDS	New	ORTHOPEDIATRICS CORP	$1,209	–	27,620	–	0.03%	–
WLDN	New	WILLDAN GROUP INC	$1,175	–	46,980	–	0.03%	–
FAST	New	FASTENAL CO	$1,188	–	27,727	–	0.03%	–
SSTI	New	SHOTSPOTTER INC	$1,182	–	46,905	–	0.03%	–
NVEE	New	NV5 GLOBAL INC	$1,204	–	23,680	–	0.03%	–
CSGP	New	COSTAR GROUP INC	$1,141	–	1,605	–	0.02%	–
VRSK	New	VERISK ANALYTICS INC	$1,113	–	6,542	–	0.02%	–
CLCT	New	COLLECTORS UNIVERSE INC	$989	–	28,850	–	0.02%	–
MSFT	New	MICROSOFT CORP	$946	–	4,649	–	0.02%	–
TRNS	New	TRANSCAT INC	$965	–	37,300	–	0.02%	–
AAPL	New	APPLE INC	$905	–	2,480	–	0.02%	–
UNP	New	UNION PAC CORP	$901	–	5,332	–	0.02%	–
BLFS	New	BIOLIFE SOLUTIONS INC	$866	–	52,985	–	0.02%	–
TSCO	New	TRACTOR SUPPLY CO	$884	–	6,705	–	0.02%	–
USPH	New	U S PHYSICAL THERAPY INC	$859	–	10,605	–	0.02%	–
DGII	New	DIGI INTL INC	$818	–	70,175	–	0.02%	–
FTNT	New	FORTINET INC	$839	–	6,113	–	0.02%	–
XOM	New	EXXON MOBIL CORP	$834	–	18,654	–	0.02%	–
NSTG	New	NANOSTRING TECHNOLOGIES INC	$816	–	27,795	–	0.02%	–
ABT	New	ABBOTT LABS	$822	–	8,990	–	0.02%	–
ABBV	New	ABBVIE INC	$779	–	7,935	–	0.02%	–
NARI	New	INARI MED INC	$782	–	16,150	–	0.02%	–
MKL	New	MARKEL CORP	$784	–	849	–	0.02%	–
IIN	New	INTRICON CORP	$765	–	56,550	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$713	–	2,350	–	0.02%	–
MMM	New	3M CO	$683	–	4,380	–	0.02%	–
FDS	New	FACTSET RESH SYS INC	$687	–	2,091	–	0.02%	–
KMB	New	KIMBERLY CLARK CORP	$601	–	4,250	–	0.01%	–
ALGN	New	ALIGN TECHNOLOGY INC	$604	–	2,202	–	0.01%	–
LIN	New	LINDE PLC	$591	–	2,785	–	0.01%	–
JNJ	New	JOHNSON & JOHNSON	$562	–	3,996	–	0.01%	–
PFE	New	PFIZER INC	$559	–	17,108	–	0.01%	–
VEEV	New	VEEVA SYS INC	$574	–	2,450	–	0.01%	–
ADBE	New	ADOBE INC	$544	–	1,250	–	0.01%	–
INTU	New	INTUIT	$535	–	1,805	–	0.01%	–
ROP	New	ROPER TECHNOLOGIES INC	$538	–	1,385	–	0.01%	–
TRMB	New	TRIMBLE INC	$563	–	13,029	–	0.01%	–
MRK	New	MERCK & CO. INC	$514	–	6,650	–	0.01%	–
PG	New	PROCTER AND GAMBLE CO	$471	–	3,940	–	0.01%	–
IDXX	New	IDEXX LABS INC	$454	–	1,375	–	0.01%	–
IPGP	New	IPG PHOTONICS CORP	$445	–	2,775	–	0.01%	–
GRMN	New	GARMIN LTD	$446	–	4,570	–	0.01%	–
INTC	New	INTEL CORP	$413	–	6,900	–	0.01%	–
SJM	New	SMUCKER J M CO	$434	–	4,105	–	0.01%	–
DLB	New	DOLBY LABORATORIES INC	$419	–	6,368	–	0.01%	–
MA	New	MASTERCARD INCORPORATEDcl a	$359	–	1,215	–	0.01%	–
XYL	New	XYLEM INC	$382	–	5,880	–	0.01%	–
HD	New	HOME DEPOT INC	$301	–	1,200	–	0.01%	–
AMGN	New	AMGEN INC	$314	–	1,330	–	0.01%	–
DHR	New	DANAHER CORPORATION	$300	–	1,695	–	0.01%	–
WCN	New	WASTE CONNECTIONS INC	$333	–	3,550	–	0.01%	–
WPC	New	WP CAREY INC	$308	–	4,550	–	0.01%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$270	–	2,235	–	0.01%	–
NKE	New	NIKE INCcl b	$282	–	2,875	–	0.01%	–
CVX	New	CHEVRON CORP NEW	$265	–	2,974	–	0.01%	–
ECL	New	ECOLAB INC	$262	–	1,315	–	0.01%	–
WTRG	New	ESSENTIAL UTILS INC	$257	–	6,087	–	0.01%	–
GOOGL	New	ALPHABET INCcap stk cl a	$291	–	205	–	0.01%	–
JPM	New	JPMORGAN CHASE & CO	$258	–	2,741	–	0.01%	–
GOOG	New	ALPHABET INCcap stk cl c	$290	–	205	–	0.01%	–
VZ	New	VERIZON COMMUNICATIONS INC	$208	–	3,773	–	0.01%	–
IART	New	INTEGRA LIFESCIENCES HLDGS C	$235	–	5,000	–	0.01%	–
HXL	New	HEXCEL CORP NEW	$217	–	4,793	–	0.01%	–
TRU	New	TRANSUNION	$239	–	2,750	–	0.01%	–
PYPL	New	PAYPAL HLDGS INC	$206	–	1,180	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
CEMI	Exit	CHEMBIO DIAGNOSTICS INC	$0	–	-29,000	–	-0.01%	–
TWST	Exit	TWIST BIOSCIENCE CORP	$0	–	-9,925	–	-0.01%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-205	–	-0.01%	–
VCEL	Exit	VERICEL CORP	$0	–	-16,600	–	-0.01%	–
EVH	Exit	EVOLENT HEALTH INCcl a	$0	–	-30,390	–	-0.01%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-3,773	–	-0.01%	–
BLFS	Exit	BIOLIFE SOLUTIONS INC	$0	–	-14,385	–	-0.01%	–
SSTI	Exit	SHOTSPOTTER INC	$0	–	-11,930	–	-0.01%	–
ECL	Exit	ECOLAB INC	$0	–	-1,350	–	-0.01%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-210	–	-0.01%	–
AMGN	Exit	AMGEN INC	$0	–	-1,330	–	-0.01%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,940	–	-0.01%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-6,087	–	-0.01%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-1,855	–	-0.01%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,200	–	-0.01%	–
IIN	Exit	INTRICON CORP	$0	–	-15,350	–	-0.01%	–
WAB	Exit	WABTEC CORP	$0	–	-4,178	–	-0.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-2,741	–	-0.01%	–
CDXS	Exit	CODEXIS INC	$0	–	-22,935	–	-0.01%	–
CYRX	Exit	CRYOPORT INC	$0	–	-18,395	–	-0.01%	–
NSTG	Exit	NANOSTRING TECHNOLOGIES INC	$0	–	-15,345	–	-0.01%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,235	–	-0.01%	–
WAAS	Exit	AQUAVENTURE HLDGS LTD	$0	–	-16,370	–	-0.01%	–
IART	Exit	INTEGRA LIFESCIENCES HLDGS C	$0	–	-5,000	–	-0.01%	–
NVEE	Exit	NV5 GLOBAL INC	$0	–	-5,355	–	-0.01%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,024	–	-0.01%	–
IDXX	Exit	IDEXX LABS INC	$0	–	-1,300	–	-0.01%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-1,030	–	-0.01%	–
CDNA	Exit	CAREDX INC	$0	–	-15,005	–	-0.01%	–
ADBE	Exit	ADOBE INC	$0	–	-1,270	–	-0.01%	–
INTC	Exit	INTEL CORP	$0	–	-6,900	–	-0.01%	–
HXL	Exit	HEXCEL CORP NEW	$0	–	-4,793	–	-0.01%	–
KIDS	Exit	ORTHOPEDIATRICS CORP	$0	–	-10,820	–	-0.01%	–
IPGP	Exit	IPG PHOTONICS CORP	$0	–	-2,995	–	-0.01%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-2,450	–	-0.01%	–
WLDN	Exit	WILLDAN GROUP INC	$0	–	-11,130	–	-0.01%	–
USPH	Exit	U S PHYSICAL THERAPY INC	$0	–	-2,880	–	-0.01%	–
XYL	Exit	XYLEM INC	$0	–	-5,120	–	-0.01%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,082	–	-0.01%	–
GRMN	Exit	GARMIN LTD	$0	–	-4,570	–	-0.01%	–
WPC	Exit	W P CAREY INC	$0	–	-4,850	–	-0.01%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-6,368	–	-0.01%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-1,655	–	-0.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,681	–	-0.01%	–
FTNT	Exit	FORTINET INC	$0	–	-6,113	–	-0.01%	–
TRMB	Exit	TRIMBLE INC	$0	–	-13,029	–	-0.01%	–
FDS	Exit	FACTSET RESH SYS INC	$0	–	-2,091	–	-0.01%	–
INTU	Exit	INTUIT	$0	–	-1,940	–	-0.01%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,940	–	-0.01%	–
UFI	Exit	UNIFI INC	$0	–	-24,640	–	-0.01%	–
MRK	Exit	MERCK & CO INC	$0	–	-6,650	–	-0.01%	–
LIN	Exit	LINDE PLC	$0	–	-2,815	–	-0.01%	–
AAPL	Exit	APPLE INC	$0	–	-2,600	–	-0.02%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-4,250	–	-0.02%	–
ABBV	Exit	ABBVIE INC	$0	–	-7,935	–	-0.02%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-6,695	–	-0.02%	–
PFE	Exit	PFIZER INC	$0	–	-17,108	–	-0.02%	–
SJM	Exit	SMUCKER J M CO	$0	–	-5,994	–	-0.02%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,779	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-2,385	–	-0.02%	–
ABT	Exit	ABBOTT LABS	$0	–	-8,990	–	-0.02%	–
MMM	Exit	3M CO	$0	–	-4,770	–	-0.02%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-5,332	–	-0.02%	–
FAST	Exit	FASTENAL CO	$0	–	-28,007	–	-0.02%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-1,655	–	-0.02%	–
MKL	Exit	MARKEL CORP	$0	–	-854	–	-0.03%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-6,717	–	-0.03%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-20,566	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-19,104	–	-0.04%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-35,160	–	-0.04%	–
PS	Exit	PLURALSIGHT INC	$0	–	-151,239	–	-0.06%	–
IAA	Exit	IAA INC	$0	–	-65,010	–	-0.07%	–
LCII	Exit	LCI INDS	$0	–	-31,720	–	-0.08%	–
AOS	Exit	SMITH A O CORP	$0	–	-67,648	–	-0.08%	–
HCAT	Exit	HEALTH CATALYST INC	$0	–	-102,690	–	-0.08%	–
CGNX	Exit	COGNEX CORP	$0	–	-67,534	–	-0.08%	–
IT	Exit	GARTNER INC	$0	–	-24,660	–	-0.09%	–
GGG	Exit	GRACO INC	$0	–	-76,996	–	-0.09%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-13,274	–	-0.10%	–
WSO	Exit	WATSCO INC	$0	–	-25,011	–	-0.11%	–
CPRT	Exit	COPART INC	$0	–	-55,269	–	-0.11%	–
TFX	Exit	TELEFLEX INC	$0	–	-13,832	–	-0.12%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-46,295	–	-0.12%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-21,846	–	-0.13%	–
ANSS	Exit	ANSYS INC	$0	–	-22,747	–	-0.13%	–
WST	Exit	WEST PHARMACEUTICAL SVSC INC	$0	–	-38,518	–	-0.14%	–
JKHY	Exit	HENRY JACK & ASSOC INC	$0	–	-39,740	–	-0.15%	–
ROL	Exit	ROLLINS INC	$0	–	-171,695	–	-0.15%	–
POOL	Exit	POOL CORPORATION	$0	–	-29,329	–	-0.15%	–
HEIA	Exit	HEICO CORP NEWcl a	$0	–	-69,448	–	-0.17%	–
BFAM	Exit	BRIGHT HORIZONS FAM SOL IN D	$0	–	-46,127	–	-0.18%	–
OFLX	Exit	OMEGA FLEX INC	$0	–	-109,371	–	-0.29%	–
EVI	Exit	EVI INDUSTRIES INC	$0	–	-597,147	–	-0.49%	–
FIVN	Exit	FIVE9 INC	$0	–	-500,592	–	-0.69%	–
ROAD	Exit	CONSTRUCTION PARTNERS INC	$0	–	-2,102,565	–	-0.84%	–
NRC	Exit	NATIONAL RESH CORP	$0	–	-622,530	–	-0.92%	–
AXON	Exit	AXON ENTERPRISE INC	$0	–	-827,205	–	-1.20%	–
WDFC	Exit	WD-40 CO	$0	–	-263,456	–	-1.24%	–
BL	Exit	BLACKLINE INC	$0	–	-1,149,219	–	-1.41%	–
CHEF	Exit	CHEFS WHSE INC	$0	–	-1,371,164	–	-1.42%	–
ALTR	Exit	ALTAIR ENGR INC	$0	–	-1,599,630	–	-1.42%	–
PRLB	Exit	PROTO LABS INC	$0	–	-572,245	–	-1.50%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-1,723,155	–	-1.51%	–
JBT	Exit	JOHN BEAN TECHNOLOGIES CORP	$0	–	-592,811	–	-1.51%	–
MGPI	Exit	MGP INGREDIENTS INC NEW	$0	–	-1,229,450	–	-1.56%	–
SPSC	Exit	SPS COMMERCE INC	$0	–	-1,310,333	–	-1.58%	–
HLIO	Exit	HELIOS TECHNOLOGIES INC	$0	–	-1,522,827	–	-1.58%	–
CWST	Exit	CASELLA WASTE SYS INCcl a	$0	–	-1,448,475	–	-1.59%	–
MMSI	Exit	MERIT MED SYS INC	$0	–	-2,045,887	–	-1.60%	–
ROLL	Exit	RBC BEARINGS INC	$0	–	-378,746	–	-1.61%	–
LGND	Exit	LIGAND PHARMACEUTICALS INC	$0	–	-632,694	–	-1.61%	–
TECH	Exit	BIO TECHNE CORP	$0	–	-324,999	–	-1.63%	–
DORM	Exit	DORMAN PRODUCTS INC	$0	–	-817,893	–	-1.66%	–
NOVT	Exit	NOVANTA INC	$0	–	-806,553	–	-1.69%	–
PCTY	Exit	PAYLOCITY HLDG CORP	$0	–	-691,356	–	-1.73%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-689,765	–	-1.81%	–
AAON	Exit	AAON INC	$0	–	-1,621,793	–	-1.91%	–
VCRA	Exit	VOCERA COMMUNICATIONS INC	$0	–	-3,039,592	–	-1.92%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC	$0	–	-1,017,795	–	-1.93%	–
ROG	Exit	ROGERS CORP	$0	–	-561,719	–	-1.96%	–
EPAY	Exit	BOTTOMLINE TECH DEL INC	$0	–	-1,968,848	–	-1.98%	–
AIN	Exit	ALBANY INTL CORPcl a	$0	–	-866,310	–	-2.00%	–
LOPE	Exit	GRAND CANYON ED INC	$0	–	-812,033	–	-2.04%	–
BCPC	Exit	BALCHEM CORP	$0	–	-819,465	–	-2.08%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-310,378	–	-2.08%	–
ACIW	Exit	ACI WORLDWIDE INC	$0	–	-2,691,334	–	-2.16%	–
PLOW	Exit	DOUGLAS DYNAMICS INC	$0	–	-1,970,834	–	-2.25%	–
ESE	Exit	ESCO TECHNOLOGIES INC	$0	–	-1,167,829	–	-2.38%	–
BLKB	Exit	BLACKBAUD INC	$0	–	-1,028,878	–	-2.38%	–
PRO	Exit	PROS HOLDINGS INC	$0	–	-1,636,197	–	-2.50%	–
RGEN	Exit	REPLIGEN CORP	$0	–	-1,278,979	–	-2.51%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-1,606,719	–	-2.56%	–
MRCY	Exit	MERCURY SYS INC	$0	–	-1,258,399	–	-2.61%	–
MLAB	Exit	MESA LABS INC	$0	–	-450,748	–	-2.74%	–
NEOG	Exit	NEOGEN CORP	$0	–	-1,578,978	–	-2.75%	–
TREX	Exit	TREX CO INC	$0	–	-1,220,380	–	-2.84%	–
OMCL	Exit	OMNICELL INC	$0	–	-1,580,906	–	-2.92%	–
SSD	Exit	SIMPSON MANUFACTURING CO INC	$0	–	-1,680,943	–	-2.98%	–
CMD	Exit	CANTEL MEDICAL CORP	$0	–	-1,695,406	–	-3.24%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-3,516,995	–	-3.63%	–
EXPO	Exit	EXPONENT INC	$0	–	-2,403,212	–	-4.30%	–

Q3 2019

			Value		Shares		↓ Weighting
EXPO	Sell	EXPONENT INC	$167,985	+18.5%	2,403,212	-0.8%	4.30%	+21.3%
DSGX	Sell	DESCARTES SYS GROUP INC	$141,770	+8.4%	3,516,995	-0.6%	3.63%	+11.0%
CMD	Sell	CANTEL MEDICAL CORP	$126,816	-7.6%	1,695,406	-0.4%	3.24%	-5.4%
SSD	Sell	SIMPSON MANUFACTURING CO INC	$116,607	+3.8%	1,680,943	-0.6%	2.98%	+6.3%
OMCL	Buy	OMNICELL INC	$114,252	-15.7%	1,580,906	+0.3%	2.92%	-13.7%
TREX	Sell	TREX CO INC	$110,969	+26.2%	1,220,380	-0.5%	2.84%	+29.2%
NEOG	Sell	NEOGEN CORP	$107,544	+8.7%	1,578,978	-0.9%	2.75%	+11.3%
MLAB	Sell	MESA LABS INC	$107,174	-3.6%	450,748	-0.9%	2.74%	-1.3%
MRCY	Sell	MERCURY SYS INC	$102,144	+14.6%	1,258,399	-0.7%	2.61%	+17.3%
FOXF	Sell	FOX FACTORY HLDG CORP	$100,002	-24.9%	1,606,719	-0.5%	2.56%	-23.2%
RGEN	Sell	REPLIGEN CORP	$98,085	-32.8%	1,278,979	-24.7%	2.51%	-31.2%
PRO	Sell	PROS HOLDINGS INC	$97,517	-24.5%	1,636,197	-19.9%	2.50%	-22.7%
BLKB	Sell	BLACKBAUD INC	$92,949	+7.3%	1,028,878	-0.8%	2.38%	+9.9%
ESE	Sell	ESCO TECHNOLOGIES INC	$92,912	-4.6%	1,167,829	-0.9%	2.38%	-2.3%
PLOW	Sell	DOUGLAS DYNAMICS INC	$87,840	+10.8%	1,970,834	-1.1%	2.25%	+13.5%
ACIW	Sell	ACI WORLDWIDE INC	$84,306	-9.0%	2,691,334	-0.2%	2.16%	-6.8%
TYL	Sell	TYLER TECHNOLOGIES INC	$81,474	+20.8%	310,378	-0.6%	2.08%	+23.7%
BCPC	Sell	BALCHEM CORP	$81,283	-1.2%	819,465	-0.4%	2.08%	+1.2%
LOPE	Buy	GRAND CANYON ED INC	$79,742	-13.7%	812,033	+2.8%	2.04%	-11.6%
AIN	Buy	ALBANY INTL CORPcl a	$78,107	+158.1%	866,310	+137.3%	2.00%	+164.4%
EPAY	Sell	BOTTOMLINE TECH DEL INC	$77,474	-11.4%	1,968,848	-0.4%	1.98%	-9.2%
ROG	Sell	ROGERS CORP	$76,793	-21.2%	561,719	-0.6%	1.96%	-19.4%
SITE	Sell	SITEONE LANDSCAPE SUPPLY INC	$75,337	+6.5%	1,017,795	-0.3%	1.93%	+9.0%
VCRA	Buy	VOCERA COMMUNICATIONS INC	$74,926	-0.2%	3,039,592	+29.3%	1.92%	+2.2%
AAON	Sell	AAON INC	$74,505	-9.2%	1,621,793	-0.8%	1.91%	-7.0%
FSV	Buy	FIRSTSERVICE CORP NEW	$70,749	+7.4%	689,765	+0.4%	1.81%	+10.0%
PCTY	Buy	PAYLOCITY HLDG CORP	$67,463	+19.2%	691,356	+14.6%	1.73%	+22.0%
NOVT	Buy	NOVANTA INC	$65,912	-0.1%	806,553	+15.3%	1.69%	+2.4%
DORM	Buy	DORMAN PRODUCTS INC	$65,055	-8.5%	817,893	+0.3%	1.66%	-6.2%
TECH	Sell	BIO TECHNE CORP	$63,593	-7.2%	324,999	-1.1%	1.63%	-5.0%
LGND	Sell	LIGAND PHARMACEUTICALS INC	$62,978	-13.3%	632,694	-0.6%	1.61%	-11.2%
ROLL	Buy	RBC BEARINGS INC	$62,838	+123.9%	378,746	+125.1%	1.61%	+129.4%
MMSI	Buy	MERIT MED SYS INC	$62,318	+21.4%	2,045,887	+137.4%	1.60%	+24.3%
CWST	New	CASELLA WASTE SYS INCcl a	$62,198	–	1,448,475	–	1.59%	–
HLIO	Sell	HELIOS TECHNOLOGIES INC	$61,781	-13.1%	1,522,827	-0.6%	1.58%	-11.0%
SPSC	Buy	SPS COMMERCE INC	$61,677	-8.3%	1,310,333	+99.1%	1.58%	-6.1%
MGPI	Sell	MGP INGREDIENTS INC NEW	$61,079	-25.8%	1,229,450	-0.9%	1.56%	-24.0%
JBT	Sell	JOHN BEAN TECHNOLOGIES CORP	$58,943	-35.8%	592,811	-21.8%	1.51%	-34.3%
LMAT	Sell	LEMAITRE VASCULAR INC	$58,897	+20.9%	1,723,155	-1.0%	1.51%	+23.7%
PRLB	Sell	PROTO LABS INC	$58,426	-12.3%	572,245	-0.3%	1.50%	-10.2%
ALTR	New	ALTAIR ENGR INC	$55,379	–	1,599,630	–	1.42%	–
CHEF	Sell	CHEFS WHSE INC	$55,285	+14.7%	1,371,164	-0.3%	1.42%	+17.4%
BL	Sell	BLACKLINE INC	$54,944	-10.7%	1,149,219	-0.0%	1.41%	-8.5%
WDFC	Sell	WD-40 CO	$48,355	+15.0%	263,456	-0.4%	1.24%	+17.7%
AXON	Buy	AXON ENTERPRISE INC	$46,969	-11.3%	827,205	+0.3%	1.20%	-9.2%
NRC	Sell	NATIONAL RESH CORP	$35,951	-0.4%	622,530	-0.7%	0.92%	+2.0%
ROAD	Buy	CONSTRUCTION PARTNERS INC	$32,758	+7870.3%	2,102,565	+7584.8%	0.84%	+8280.0%
FIVN	Sell	FIVE9 INC	$26,902	+4.1%	500,592	-0.7%	0.69%	+6.5%
EVI	Buy	EVI INDUSTRIES INC	$19,061	-16.3%	597,147	+0.4%	0.49%	-14.2%
OFLX	Buy	OMEGA FLEX INC	$11,183	+3373.0%	109,371	+2507.2%	0.29%	+3475.0%
BFAM	Sell	BRIGHT HORIZONS FAM SOL IN D	$7,034	-3.1%	46,127	-4.2%	0.18%	-0.6%
HEIA	Sell	HEICO CORP NEWcl a	$6,758	-9.7%	69,448	-4.0%	0.17%	-7.5%
POOL	Sell	POOL CORPORATION	$5,916	+0.4%	29,329	-5.0%	0.15%	+2.7%
ROL	Sell	ROLLINS INC	$5,850	-7.9%	171,695	-3.1%	0.15%	-5.7%
JKHY	Buy	HENRY JACK & ASSOC INC	$5,801	+35.1%	39,740	+24.0%	0.15%	+38.3%
WST	Sell	WEST PHARMACEUTICAL SVSC INC	$5,463	+9.7%	38,518	-3.2%	0.14%	+12.9%
ANSS	Sell	ANSYS INC	$5,035	-8.2%	22,747	-15.1%	0.13%	-5.8%
MTN	Buy	VAIL RESORTS INC	$4,971	+29.2%	21,846	+26.7%	0.13%	+32.3%
GWRE	Sell	GUIDEWIRE SOFTWARE INC	$4,879	+2.8%	46,295	-1.2%	0.12%	+5.0%
TFX	Sell	TELEFLEX INC	$4,699	-2.3%	13,832	-4.8%	0.12%	0.0%
CPRT	Sell	COPART INC	$4,440	-21.8%	55,269	-27.2%	0.11%	-19.7%
WSO	Sell	WATSCO INC	$4,231	+2.5%	25,011	-0.9%	0.11%	+4.9%
FICO	Sell	FAIR ISAAC CORP	$4,029	-6.8%	13,274	-3.6%	0.10%	-4.6%
GGG	Sell	GRACO INC	$3,545	-11.0%	76,996	-3.0%	0.09%	-9.0%
IT	Sell	GARTNER INC	$3,526	-13.9%	24,660	-3.1%	0.09%	-11.8%
CGNX	Buy	COGNEX CORP	$3,318	+53.3%	67,534	+49.7%	0.08%	+57.4%
HCAT	New	HEALTH CATALYST INC	$3,249	–	102,690	–	0.08%	–
AOS	Buy	SMITH A O CORP	$3,227	+45.1%	67,648	+43.5%	0.08%	+48.2%
LCII	Buy	LCI INDS	$2,913	+2.9%	31,720	+0.8%	0.08%	+5.6%
IAA	Buy	IAA INC	$2,713	+35.9%	65,010	+26.2%	0.07%	+38.0%
PS	Buy	PLURALSIGHT INC	$2,540	+10.2%	151,239	+99.1%	0.06%	+12.1%
CLB	Buy	CORE LABORATORIES N V	$1,639	+73.6%	35,160	+94.8%	0.04%	+75.0%
INFO	Sell	IHS MARKIT LTD	$1,375	+3.3%	20,566	-1.6%	0.04%	+6.1%
VRSK	Sell	VERISK ANALYTICS INC	$1,062	+5.9%	6,717	-1.9%	0.03%	+8.0%
MKL	Sell	MARKEL CORP	$1,009	+7.2%	854	-1.2%	0.03%	+8.3%
CSGP	Sell	COSTAR GROUP INC	$982	-77.7%	1,655	-79.2%	0.02%	-77.3%
FAST	Sell	FASTENAL CO	$915	-2.7%	28,007	-2.9%	0.02%	0.0%
MMM	Sell	3M CO	$784	-6.3%	4,770	-1.2%	0.02%	-4.8%
COST	Sell	COSTCO WHSL CORP NEW	$687	+7.8%	2,385	-1.0%	0.02%	+12.5%
MSFT	Sell	MICROSOFT CORP	$664	-0.4%	4,779	-4.0%	0.02%	0.0%
SJM	Sell	SMUCKER J M CO	$660	-6.6%	5,994	-2.3%	0.02%	-5.6%
TSCO	Sell	TRACTOR SUPPLY CO	$606	-21.0%	6,695	-5.0%	0.02%	-15.8%
AAPL	Sell	APPLE INC	$582	+5.8%	2,600	-6.5%	0.02%	+7.1%
LIN	Sell	LINDE PLC	$545	-5.5%	2,815	-2.1%	0.01%	0.0%
INTU	Sell	INTUIT	$516	-6.7%	1,940	-8.3%	0.01%	-7.1%
JNJ	Sell	JOHNSON & JOHNSON	$476	-9.7%	3,681	-2.6%	0.01%	-7.7%
MA	Sell	MASTERCARD INCcl a	$449	-3.6%	1,655	-6.0%	0.01%	-8.3%
KIDS	Buy	ORTHOPEDIATRICS CORP	$382	-5.7%	10,820	+4.1%	0.01%	0.0%
WLDN	Buy	WILLDAN GROUP INC	$390	-2.0%	11,130	+4.2%	0.01%	0.0%
IPGP	Sell	IPG PHOTONICS CORP	$406	-15.4%	2,995	-3.9%	0.01%	-16.7%
XYL	Sell	XYLEM INC	$408	-8.9%	5,120	-4.5%	0.01%	-9.1%
USPH	Buy	U S PHYSICAL THERAPY INC	$376	+11.2%	2,880	+4.5%	0.01%	+25.0%
CDNA	Buy	CAREDX INC	$339	-15.2%	15,005	+35.1%	0.01%	-10.0%
NVEE	Buy	NV5 GLOBAL INC	$366	-12.4%	5,355	+4.4%	0.01%	-10.0%
ADBE	Sell	ADOBE INC	$351	-10.5%	1,270	-4.5%	0.01%	-10.0%
ROP	Sell	ROPER TECHNOLOGIES INC	$367	-3.7%	1,030	-1.0%	0.01%	-10.0%
IDXX	Sell	IDEXX LABS INC	$354	-89.6%	1,300	-89.5%	0.01%	-89.4%
CDXS	Buy	CODEXIS INC	$315	-9.7%	22,935	+21.3%	0.01%	-11.1%
IIN	Buy	INTRICON CORP	$298	+30.7%	15,350	+57.4%	0.01%	+33.3%
CYRX	Sell	CRYOPORT INC	$301	-24.2%	18,395	-15.2%	0.01%	-20.0%
NSTG	Sell	NANOSTRING TECHNOLOGIES INC	$331	-33.1%	15,345	-6.0%	0.01%	-33.3%
WAB	Sell	WABTEC CORP	$300	-12.8%	4,178	-12.7%	0.01%	-11.1%
WAAS	Buy	AQUAVENTURE HLDGS LTD	$318	+1.3%	16,370	+4.1%	0.01%	0.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$256	+7.6%	210	-4.5%	0.01%	+16.7%
ECL	Sell	ECOLAB INC	$267	-4.6%	1,350	-4.9%	0.01%	0.0%
DHR	Sell	DANAHER CORPORATION	$268	-7.9%	1,855	-8.8%	0.01%	0.0%
SSTI	Buy	SHOTSPOTTER INC	$275	-26.7%	11,930	+40.7%	0.01%	-22.2%
NKE	Sell	NIKE INCcl b	$276	+6.2%	2,940	-5.2%	0.01%	+16.7%
GOOG	Sell	ALPHABET INCcap stk cl c	$250	+2.9%	205	-8.9%	0.01%	0.0%
VCEL	New	VERICEL CORP	$251	–	16,600	–	0.01%	–
BLFS	Buy	BIOLIFE SOLUTIONS INC	$239	+2.1%	14,385	+4.2%	0.01%	0.0%
TWST	Buy	TWIST BIOSCIENCE CORP	$237	-14.1%	9,925	+4.2%	0.01%	-14.3%
CEMI	New	CHEMBIO DIAGNOSTICS INC	$177	–	29,000	–	0.01%	–
NEO	Exit	NEOGENOMICS INC	$0	–	-11,840	–	-0.01%	–
HSKA	Exit	HESKA CORP	$0	–	-3,395	–	-0.01%	–
SLP	Exit	SIMULATIONS PLUS INC	$0	–	-13,305	–	-0.01%	–
NVEC	Exit	NVE CORP	$0	–	-324,357	–	-0.56%	–
MTDR	Exit	MATADOR RES CO	$0	–	-1,296,834	–	-0.64%	–
BID	Exit	SOTHEBYS	$0	–	-1,018,238	–	-1.48%	–
WAGE	Exit	WAGEWORKS INC	$0	–	-1,390,262	–	-1.76%	–

Q2 2019

			Value		Shares		↓ Weighting
RGEN	New	REPLIGEN CORP	$145,971	–	1,698,329	–	3.65%	–
EXPO	New	EXPONENT INC	$141,785	–	2,422,012	–	3.54%	–
CMD	New	CANTEL MEDICAL CORP	$137,273	–	1,702,289	–	3.43%	–
OMCL	New	OMNICELL INC	$135,554	–	1,575,661	–	3.39%	–
FOXF	New	FOX FACTORY HLDG CORP	$133,236	–	1,614,784	–	3.33%	–
DSGX	New	DESCARTES SYS GROUP INC	$130,773	–	3,539,198	–	3.27%	–
PRO	New	PROS HOLDINGS INC	$129,224	–	2,042,742	–	3.23%	–
SSD	New	SIMPSON MANUFACTURING CO INC	$112,363	–	1,690,682	–	2.81%	–
MLAB	New	MESA LABS INC	$111,186	–	455,048	–	2.78%	–
NEOG	New	NEOGEN CORP	$98,946	–	1,593,083	–	2.47%	–
ROG	New	ROGERS CORP	$97,502	–	564,966	–	2.44%	–
ESE	New	ESCO TECHNOLOGIES INC	$97,367	–	1,178,487	–	2.43%	–
ACIW	New	ACI WORLDWIDE INC	$92,651	–	2,698,054	–	2.32%	–
LOPE	New	GRAND CANYON ED INC	$92,396	–	789,573	–	2.31%	–
JBT	New	JOHN BEAN TECHNOLOGIES CORP	$91,842	–	758,210	–	2.30%	–
MRCY	New	MERCURY SYS INC	$89,160	–	1,267,378	–	2.23%	–
TREX	New	TREX CO INC	$87,953	–	1,226,675	–	2.20%	–
EPAY	New	BOTTOMLINE TECH DEL INC	$87,416	–	1,975,952	–	2.18%	–
BLKB	New	BLACKBAUD INC	$86,616	–	1,037,322	–	2.16%	–
MGPI	New	MGP INGREDIENTS INC NEW	$82,295	–	1,241,064	–	2.06%	–
BCPC	New	BALCHEM CORP	$82,255	–	822,800	–	2.06%	–
AAON	New	AAON INC	$82,061	–	1,635,333	–	2.05%	–
PLOW	New	DOUGLAS DYNAMICS INC	$79,267	–	1,992,143	–	1.98%	–
VCRA	New	VOCERA COMMUNICATIONS INC	$75,056	–	2,351,367	–	1.88%	–
LGND	New	LIGAND PHARMACEUTICALS INC	$72,679	–	636,699	–	1.82%	–
HLIO	New	HELIOS TECHNOLOGIES INC	$71,105	–	1,532,099	–	1.78%	–
DORM	New	DORMAN PRODUCTS INC	$71,067	–	815,548	–	1.78%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$70,772	–	1,021,235	–	1.77%	–
WAGE	New	WAGEWORKS INC	$70,611	–	1,390,262	–	1.76%	–
TECH	New	BIO TECHNE CORP	$68,506	–	328,584	–	1.71%	–
TYL	New	TYLER TECHNOLOGIES INC	$67,431	–	312,153	–	1.68%	–
SPSC	New	SPS COMMERCE INC	$67,278	–	658,236	–	1.68%	–
PRLB	New	PROTO LABS INC	$66,613	–	574,150	–	1.66%	–
NOVT	New	NOVANTA INC	$65,947	–	699,333	–	1.65%	–
FSV	New	FIRSTSERVICE CORP NEW	$65,886	–	686,889	–	1.65%	–
BL	New	BLACKLINE INC	$61,518	–	1,149,659	–	1.54%	–
BID	New	SOTHEBYS	$59,190	–	1,018,238	–	1.48%	–
PCTY	New	PAYLOCITY HLDG CORP	$56,611	–	603,401	–	1.42%	–
AXON	New	AXON ENTERPRISE INC	$52,982	–	825,135	–	1.32%	–
MMSI	New	MERIT MED SYS INC	$51,321	–	861,670	–	1.28%	–
LMAT	New	LEMAITRE VASCULAR INC	$48,719	–	1,741,196	–	1.22%	–
CHEF	New	CHEFS WHSE INC	$48,213	–	1,374,765	–	1.20%	–
WDFC	New	WD-40 CO	$42,059	–	264,453	–	1.05%	–
NRC	New	NATIONAL RESH CORP	$36,102	–	626,878	–	0.90%	–
AIN	New	ALBANY INTL CORPcl a	$30,265	–	365,034	–	0.76%	–
ROLL	New	RBC BEARINGS INC	$28,061	–	168,222	–	0.70%	–
FIVN	New	FIVE9 INC	$25,849	–	503,987	–	0.65%	–
MTDR	New	MATADOR RES CO	$25,781	–	1,296,834	–	0.64%	–
EVI	New	EVI INDUSTRIES INC	$22,772	–	595,037	–	0.57%	–
NVEC	New	NVE CORP	$22,585	–	324,357	–	0.56%	–
HEIA	New	HEICO CORP NEWcl a	$7,480	–	72,358	–	0.19%	–
BFAM	New	BRIGHT HORIZONS FAM SOL IN D	$7,262	–	48,137	–	0.18%	–
ROL	New	ROLLINS INC	$6,353	–	177,105	–	0.16%	–
POOL	New	POOL CORPORATION	$5,894	–	30,859	–	0.15%	–
CPRT	New	COPART INC	$5,676	–	75,939	–	0.14%	–
ANSS	New	ANSYS INC	$5,484	–	26,777	–	0.14%	–
WST	New	WEST PHARMACEUTICAL SVSC INC	$4,981	–	39,803	–	0.12%	–
TFX	New	TELEFLEX INC	$4,812	–	14,532	–	0.12%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$4,748	–	46,834	–	0.12%	–
CSGP	New	COSTAR GROUP INC	$4,400	–	7,942	–	0.11%	–
FICO	New