AMERICAN CAPITAL MANAGEMENT INC Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MANH	Sell	Manhattan Assocs	$195,244,990	-13.0%	987,782	-12.1%	7.53%	-3.5%
AVAV	Sell	AeroVironment	$161,890,033	+8.3%	1,451,538	-0.7%	6.24%	+20.3%
FTNT	Sell	Fortinet	$141,604,170	-30.8%	2,413,159	-10.8%	5.46%	-23.2%
CYBR	Sell	CyberArk Software	$139,206,957	+4.3%	850,015	-0.4%	5.37%	+15.8%
IDXX	Sell	IDEXX Lab	$133,968,596	-19.3%	306,375	-7.3%	5.16%	-10.4%
ICLR	Sell	ICON PLC	$129,030,075	-8.2%	523,980	-6.7%	4.97%	+1.9%
QLYS	Sell	Qualys	$105,210,074	+16.8%	689,676	-1.1%	4.06%	+29.7%
MEDP	Sell	Medpace Holdings	$101,917,360	-1.0%	420,920	-1.8%	3.93%	+9.9%
FDS	Sell	FactSet Research	$91,579,297	+4.0%	209,439	-4.7%	3.53%	+15.5%
NICE	Sell	NICE	$83,846,210	-18.0%	493,213	-0.4%	3.23%	-9.0%
ANSS	Sell	ANSYS	$82,554,057	-10.2%	277,446	-0.3%	3.18%	-0.3%
GNTX	Sell	Gentex	$77,472,436	+10.7%	2,380,837	-0.5%	2.99%	+22.9%
RMD	Buy	ResMed	$73,973,742	-29.0%	500,262	+4.9%	2.85%	-21.2%
JKHY	Sell	Jack Henry & Associates	$72,176,454	-9.9%	477,547	-0.2%	2.78%	+0.0%
CGNX	Sell	Cognex	$64,866,357	-24.4%	1,528,425	-0.2%	2.50%	-16.0%
CSGP	Sell	Costar Group	$64,074,129	-13.6%	833,322	-0.0%	2.47%	-4.1%
VEEV	Sell	Veeva Systems	$63,268,271	-0.6%	310,977	-3.4%	2.44%	+10.3%
TECH	Buy	Bio Techne	$62,671,981	-14.7%	920,699	+2.2%	2.42%	-5.4%
ROLL	Buy	RBC Bearings	$51,812,032	+8.5%	221,296	+0.8%	2.00%	+20.4%
KRNT	Buy	Kornit Digital	$41,593,358	-35.4%	2,199,543	+0.4%	1.60%	-28.2%
GWRE	Buy	Guidewire Software	$40,415,850	+21.2%	449,065	+2.4%	1.56%	+34.5%
CVLT	Buy	CommVault Systems	$39,245,103	-2.7%	580,463	+4.5%	1.51%	+8.0%
MORN	Sell	Morningstar	$37,896,987	+15.2%	161,787	-3.6%	1.46%	+27.9%
RGEN	Sell	Repligen	$36,301,824	+12.4%	228,299	-0.0%	1.40%	+24.7%
BLKB	Sell	Blackbaud	$34,149,361	-1.8%	485,628	-0.6%	1.32%	+8.9%
PAYC	Buy	Paycom Software	$33,470,461	-13.3%	129,095	+7.5%	1.29%	-3.7%
VRNT	Sell	Verint Systems	$31,038,362	-34.6%	1,350,081	-0.3%	1.20%	-27.4%
DXCM	Buy	DexCom	$30,028,512	-19.6%	321,849	+10.7%	1.16%	-10.7%
SPSC	Sell	SPS Commerce	$28,671,522	-14.2%	168,053	-3.4%	1.10%	-4.8%
CGNT	Buy	Cognyte Software	$26,650,940	-17.0%	5,540,736	+5.1%	1.03%	-7.9%
TW	Sell	Tradeweb Markets	$24,630,382	+16.4%	307,112	-0.6%	0.95%	+29.3%
ILMN	Sell	Illumina	$24,602,910	-31.6%	179,217	-6.5%	0.95%	-24.1%
CRNC	Buy	Cerence	$20,936,042	-19.5%	1,027,788	+15.5%	0.81%	-10.6%
SEIC	Sell	SEI Investments	$19,107,185	-12.8%	317,237	-13.7%	0.74%	-3.2%
KTOS	Sell	Kratos Defense	$18,252,514	+4.7%	1,215,214	-0.0%	0.70%	+16.4%
	Sell	AspenTech	$17,740,390	+21.3%	86,852	-0.4%	0.68%	+34.6%
BRKS	Sell	Azenta	$16,384,375	-0.8%	326,447	-7.7%	0.63%	+10.3%
NEOG	Buy	Neogen	$14,613,729	+199.1%	788,227	+250.9%	0.56%	+231.2%
ALRM	Buy	Alarm.Com Holdings	$11,551,241	+18.3%	188,931	+0.0%	0.44%	+31.3%
OSUR	Sell	OraSure Tech	$10,785,561	+9.9%	1,818,813	-7.1%	0.42%	+22.0%
TYL	Buy	Tyler Technologies	$9,217,162	+26.0%	23,870	+35.9%	0.36%	+39.8%
STAA	Buy	STAAR Surgical	$7,823,126	-1.2%	194,702	+29.2%	0.30%	+9.8%
DLB	Sell	Dolby Laboratories	$6,179,110	-5.6%	77,960	-0.3%	0.24%	+4.8%
FWRD	Sell	Forward Air	$4,340,656	-35.4%	63,146	-0.3%	0.17%	-28.3%
	Sell	QuidelOrtho	$4,184,900	-52.9%	57,296	-46.6%	0.16%	-47.9%
MPWR	Sell	Monolithic Power Systems	$3,849,846	-14.6%	8,333	-0.2%	0.15%	-5.7%
FORR	Sell	Forrester Research	$3,680,415	-1.4%	127,350	-0.8%	0.14%	+9.2%
IPGP	Buy	IPG Photonic	$2,631,409	+0.0%	25,915	+33.8%	0.10%	+11.0%
TRMB	Sell	Trimble	$1,184,920	-83.0%	22,000	-83.3%	0.05%	-81.1%
SPY	Buy	Spdr S&P 500 Series 1	$1,161,036	+22.1%	2,716	+26.6%	0.04%	+36.4%
NATI	Exit	National Instruments	$0	–	-458,662	–	-0.91%	–

Q2 2023

			Value		Shares		↓ Weighting
MANH	New	Manhattan Assocs	$224,510,213	–	1,123,225	–	7.80%	–
FTNT	New	Fortinet	$204,562,565	–	2,706,212	–	7.10%	–
IDXX	New	IDEXX Lab	$165,995,051	–	330,516	–	5.76%	–
AVAV	New	AeroVironment	$149,447,854	–	1,461,164	–	5.19%	–
ICLR	New	ICON PLC	$140,519,576	–	561,629	–	4.88%	–
CYBR	New	CyberArk Software	$133,459,234	–	853,702	–	4.64%	–
RMD	New	ResMed	$104,249,409	–	477,114	–	3.62%	–
MEDP	New	Medpace Holdings	$102,978,652	–	428,774	–	3.58%	–
NICE	New	NICE	$102,222,869	–	495,026	–	3.55%	–
ANSS	New	ANSYS	$91,941,553	–	278,383	–	3.19%	–
QLYS	New	Qualys	$90,069,853	–	697,297	–	3.13%	–
FDS	New	FactSet Research	$88,015,994	–	219,683	–	3.06%	–
CGNX	New	Cognex	$85,759,674	–	1,530,876	–	2.98%	–
JKHY	New	Jack Henry & Associates	$80,081,963	–	478,587	–	2.78%	–
CSGP	New	Costar Group	$74,183,369	–	833,521	–	2.58%	–
TECH	New	Bio Techne	$73,508,468	–	900,508	–	2.55%	–
GNTX	New	Gentex	$69,986,555	–	2,391,885	–	2.43%	–
KRNT	New	Kornit Digital	$64,343,003	–	2,190,773	–	2.23%	–
VEEV	New	Veeva Systems	$63,667,083	–	321,990	–	2.21%	–
ROLL	New	RBC Bearings	$47,738,797	–	219,519	–	1.66%	–
VRNT	New	Verint Systems	$47,466,507	–	1,353,865	–	1.65%	–
CVLT	New	CommVault Systems	$40,353,264	–	555,677	–	1.40%	–
PAYC	New	Paycom Software	$38,590,561	–	120,130	–	1.34%	–
CRL	New	Charles River Labs	$38,475,750	–	183,000	–	1.34%	–
DXCM	New	DexCom	$37,346,420	–	290,611	–	1.30%	–
ILMN	New	Illumina	$35,955,145	–	191,771	–	1.25%	–
BLKB	New	Blackbaud	$34,773,281	–	488,526	–	1.21%	–
SPSC	New	SPS Commerce	$33,428,811	–	174,054	–	1.16%	–
GWRE	New	Guidewire Software	$33,356,211	–	438,436	–	1.16%	–
MORN	New	Morningstar	$32,897,017	–	167,782	–	1.14%	–
RGEN	New	Repligen	$32,309,605	–	228,401	–	1.12%	–
CGNT	New	Cognyte Software	$32,104,288	–	5,271,640	–	1.12%	–
NATI	New	National Instruments	$26,327,199	–	458,662	–	0.91%	–
CRNC	New	Cerence	$26,010,637	–	889,861	–	0.90%	–
RAMP	New	LiveRamp Holdings	$22,425,798	–	785,217	–	0.78%	–
SEIC	New	SEI Investments	$21,904,805	–	367,407	–	0.76%	–
TW	New	Tradeweb Markets	$21,167,579	–	309,106	–	0.74%	–
KTOS	New	Kratos Defense	$17,429,037	–	1,215,414	–	0.60%	–
BRKS	New	Azenta	$16,512,023	–	353,728	–	0.57%	–
	New	AspenTech	$14,621,961	–	87,238	–	0.51%	–
ACIW	New	ACI Worldwide	$11,082,906	–	478,330	–	0.38%	–
DORM	New	Dorman Products	$10,884,846	–	138,080	–	0.38%	–
OSUR	New	OraSure Tech	$9,810,211	–	1,958,126	–	0.34%	–
ALRM	New	Alarm.Com Holdings	$9,763,799	–	188,928	–	0.34%	–
	New	QuidelOrtho	$8,893,530	–	107,332	–	0.31%	–
STAA	New	STAAR Surgical	$7,921,984	–	150,694	–	0.28%	–
TYL	New	Tyler Technologies	$7,314,463	–	17,563	–	0.25%	–
TRMB	New	Trimble	$6,988,080	–	132,000	–	0.24%	–
HAE	New	Haemonetics	$6,895,914	–	80,995	–	0.24%	–
FWRD	New	Forward Air	$6,721,644	–	63,346	–	0.23%	–
DLB	New	Dolby Laboratories	$6,544,613	–	78,210	–	0.23%	–
NEOG	New	Neogen	$4,886,224	–	224,654	–	0.17%	–
MPWR	New	Monolithic Power Systems	$4,510,380	–	8,349	–	0.16%	–
MMSI	New	Merit Medical Systems	$4,360,571	–	52,135	–	0.15%	–
FORR	New	Forrester Research	$3,733,701	–	128,350	–	0.13%	–
IPGP	New	IPG Photonic	$2,630,154	–	19,365	–	0.09%	–
FELE	New	Franklin Electric	$2,572,500	–	25,000	–	0.09%	–
SPY	New	Spdr S&P 500 Series 1	$950,836	–	2,145	–	0.03%	–
ORLY	New	O'Reilly Automotive	$716,475	–	750	–	0.02%	–
GLOB	New	Globant S.A.	$428,632	–	2,385	–	0.02%	–
VRNS	New	Varonis Systems	$346,290	–	12,994	–	0.01%	–
ZBRA	New	Zebra Technologies	$325,413	–	1,100	–	0.01%	–
GHM	New	Graham	$322,040	–	24,250	–	0.01%	–
AAPL	New	Apple	$255,265	–	1,316	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
GHM	Exit	Graham	$0	–	-29,250	–	-0.01%	–
PRLB	Exit	Proto Labs	$0	–	-6,696	–	-0.01%	–
ZBRA	Exit	Zebra Technologies	$0	–	-1,100	–	-0.01%	–
GLOB	Exit	Globant S.A.	$0	–	-2,385	–	-0.02%	–
ORLY	Exit	O'Reilly Automotive	$0	–	-750	–	-0.02%	–
KWR	Exit	Quaker Chemical	$0	–	-5,000	–	-0.03%	–
SPY	Exit	Spdr S&P 500 Series 1	$0	–	-2,145	–	-0.03%	–
TYL	Exit	Tyler Technologies	$0	–	-4,256	–	-0.06%	–
FELE	Exit	Franklin Electric	$0	–	-25,000	–	-0.08%	–
MPWR	Exit	Monolithic Power Systems	$0	–	-7,105	–	-0.10%	–
	Exit	AspenTech	$0	–	-12,660	–	-0.12%	–
FORR	Exit	Forrester Research	$0	–	-142,800	–	-0.20%	–
DLB	Exit	Dolby Laboratories	$0	–	-79,550	–	-0.20%	–
FWRD	Exit	Forward Air	$0	–	-70,550	–	-0.25%	–
HAE	Exit	Haemonetics	$0	–	-88,995	–	-0.26%	–
CRNC	Exit	Cerence	$0	–	-429,242	–	-0.27%	–
STAA	Exit	STAAR Surgical	$0	–	-101,946	–	-0.28%	–
OSUR	Exit	OraSure Tech	$0	–	-2,510,288	–	-0.38%	–
ACIW	Exit	ACI Worldwide	$0	–	-463,000	–	-0.38%	–
CGNT	Exit	Cognyte Software	$0	–	-2,449,883	–	-0.39%	–
	Exit	QuidelOrtho	$0	–	-159,086	–	-0.45%	–
ALRM	Exit	Alarm.Com Holdings	$0	–	-191,868	–	-0.49%	–
DORM	Exit	Dorman Products	$0	–	-158,000	–	-0.51%	–
MMSI	Exit	Merit Medical Systems	$0	–	-235,635	–	-0.53%	–
RAMP	Exit	LiveRamp Holdings	$0	–	-862,220	–	-0.62%	–
TW	Exit	Tradeweb Markets	$0	–	-364,537	–	-0.81%	–
TRMB	Exit	Trimble	$0	–	-381,000	–	-0.82%	–
KTOS	Exit	Kratos Defense	$0	–	-2,059,047	–	-0.83%	–
CVLT	Exit	CommVault Systems	$0	–	-414,826	–	-0.87%	–
DXCM	Exit	DexCom	$0	–	-280,674	–	-0.89%	–
PAYC	Exit	Paycom Software	$0	–	-68,799	–	-0.90%	–
BLKB	Exit	Blackbaud	$0	–	-517,353	–	-0.90%	–
NATI	Exit	National Instruments	$0	–	-604,644	–	-0.90%	–
GWRE	Exit	Guidewire Software	$0	–	-372,356	–	-0.90%	–
RGEN	Exit	Repligen	$0	–	-122,924	–	-0.91%	–
SPSC	Exit	SPS Commerce	$0	–	-186,873	–	-0.92%	–
BRKS	Exit	Azenta	$0	–	-568,551	–	-0.96%	–
SEIC	Exit	SEI Investments	$0	–	-563,509	–	-1.09%	–
CRL	Exit	Charles River Labs	$0	–	-170,000	–	-1.32%	–
MORN	Exit	Morningstar	$0	–	-183,577	–	-1.54%	–
ROLL	Exit	RBC Bearings	$0	–	-196,793	–	-1.61%	–
ILMN	Exit	Illumina	$0	–	-230,258	–	-1.73%	–
GNTX	Exit	Gentex	$0	–	-2,195,178	–	-2.07%	–
TECH	Exit	Bio Techne	$0	–	-191,246	–	-2.14%	–
KRNT	Exit	Kornit Digital	$0	–	-2,048,143	–	-2.15%	–
VRNT	Exit	Verint Systems	$0	–	-1,624,312	–	-2.15%	–
CSGP	Exit	Costar Group	$0	–	-792,352	–	-2.18%	–
VEEV	Exit	Veeva Systems	$0	–	-334,886	–	-2.18%	–
ANSS	Exit	ANSYS	$0	–	-295,010	–	-2.58%	–
CGNX	Exit	Cognex	$0	–	-1,582,482	–	-2.59%	–
ABMD	Exit	Abiomed	$0	–	-270,696	–	-2.62%	–
MEDP	Exit	Medpace Holdings	$0	–	-464,153	–	-2.88%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-467,045	–	-3.36%	–
QLYS	Exit	Qualys	$0	–	-647,717	–	-3.56%	–
FDS	Exit	FactSet Research	$0	–	-245,785	–	-3.88%	–
NICE	Exit	NICE	$0	–	-529,676	–	-3.94%	–
RMD	Exit	ResMed	$0	–	-524,956	–	-4.52%	–
AVAV	Exit	AeroVironment	$0	–	-1,456,095	–	-4.79%	–
ICLR	Exit	ICON PLC	$0	–	-666,552	–	-4.84%	–
IDXX	Exit	IDEXX Lab	$0	–	-383,347	–	-4.93%	–
CYBR	Exit	CyberArk Software	$0	–	-865,660	–	-5.12%	–
MANH	Exit	Manhattan Assocs	$0	–	-1,320,000	–	-6.93%	–
FTNT	Exit	Fortinet	$0	–	-3,599,252	–	-6.98%	–

Q3 2022

			Value		Shares		↓ Weighting
FTNT	Sell	Fortinet	$176,831,000	-15.6%	3,599,252	-2.8%	6.98%	-11.1%
MANH	Sell	Manhattan Assocs	$175,600,000	+14.9%	1,320,000	-1.0%	6.93%	+21.0%
CYBR	Sell	CyberArk Software	$129,797,000	+16.9%	865,660	-0.2%	5.12%	+23.1%
IDXX	Sell	IDEXX Lab	$124,894,000	-7.4%	383,347	-0.3%	4.93%	-2.5%
ICLR	Sell	ICON PLC	$122,499,000	-20.2%	666,552	-5.9%	4.84%	-16.0%
AVAV	Sell	AeroVironment	$121,380,000	-2.3%	1,456,095	-3.6%	4.79%	+2.9%
RMD	Sell	ResMed	$114,598,000	+3.2%	524,956	-0.9%	4.52%	+8.6%
NICE	Sell	NICE	$99,706,000	-2.8%	529,676	-0.6%	3.94%	+2.3%
FDS	Sell	FactSet Research	$98,341,000	+2.3%	245,785	-1.7%	3.88%	+7.8%
QLYS	Sell	Qualys	$90,285,000	+10.0%	647,717	-0.5%	3.56%	+15.8%
JKHY	Sell	Jack Henry & Associates	$85,128,000	+0.5%	467,045	-0.7%	3.36%	+5.9%
MEDP	Sell	Medpace Holdings	$72,951,000	+4.8%	464,153	-0.2%	2.88%	+10.4%
ABMD	Sell	Abiomed	$66,499,000	-1.0%	270,696	-0.3%	2.62%	+4.3%
CGNX	Sell	Cognex	$65,594,000	-2.8%	1,582,482	-0.3%	2.59%	+2.3%
ANSS	Sell	ANSYS	$65,404,000	-7.8%	295,010	-0.5%	2.58%	-2.9%
VEEV	Sell	Veeva Systems	$55,216,000	-16.8%	334,886	-0.0%	2.18%	-12.3%
CSGP	Sell	Costar Group	$55,187,000	+15.2%	792,352	-0.1%	2.18%	+21.3%
VRNT	Sell	Verint Systems	$54,544,000	-20.9%	1,624,312	-0.2%	2.15%	-16.6%
KRNT	Buy	Kornit Digital	$54,501,000	-15.9%	2,048,143	+0.1%	2.15%	-11.5%
TECH	Sell	Bio Techne	$54,314,000	-19.0%	191,246	-1.2%	2.14%	-14.7%
GNTX	Buy	Gentex	$52,333,000	-14.1%	2,195,178	+0.7%	2.07%	-9.5%
ILMN	Sell	Illumina	$43,931,000	+3.1%	230,258	-0.4%	1.73%	+8.6%
ROLL	Sell	RBC Bearings	$40,896,000	+11.2%	196,793	-1.1%	1.61%	+17.0%
MORN	Sell	Morningstar	$38,977,000	-12.3%	183,577	-0.1%	1.54%	-7.6%
SEIC	Sell	SEI Investments	$27,640,000	-14.4%	563,509	-5.7%	1.09%	-9.8%
BRKS	Sell	Azenta	$24,368,000	-40.8%	568,551	-0.5%	0.96%	-37.7%
SPSC	Buy	SPS Commerce	$23,215,000	+14.1%	186,873	+3.8%	0.92%	+20.1%
RGEN	Sell	Repligen	$23,000,000	+10.9%	122,924	-3.7%	0.91%	+16.9%
GWRE	Sell	Guidewire Software	$22,930,000	-13.5%	372,356	-0.2%	0.90%	-8.9%
NATI	Buy	National Instruments	$22,819,000	+86.3%	604,644	+54.2%	0.90%	+96.3%
BLKB	Sell	Blackbaud	$22,795,000	-38.7%	517,353	-19.3%	0.90%	-35.5%
PAYC	Buy	Paycom Software	$22,703,000	+17.8%	68,799	+0.0%	0.90%	+24.1%
DXCM	Sell	DexCom	$22,605,000	+7.7%	280,674	-0.3%	0.89%	+13.5%
CVLT	Buy	CommVault Systems	$22,002,000	-7.8%	414,826	+9.3%	0.87%	-3.0%
KTOS	Sell	Kratos Defense	$20,920,000	-27.1%	2,059,047	-0.4%	0.83%	-23.2%
TW	Buy	Tradeweb Markets	$20,567,000	-0.9%	364,537	+19.9%	0.81%	+4.4%
MMSI	Sell	Merit Medical Systems	$13,316,000	+3.9%	235,635	-0.3%	0.53%	+9.6%
ALRM	Buy	Alarm.Com Holdings	$12,445,000	+4.9%	191,868	+0.1%	0.49%	+10.3%
	Sell	QuidelOrtho	$11,371,000	-37.8%	159,086	-15.5%	0.45%	-34.5%
CGNT	Sell	Cognyte Software	$9,898,000	-6.0%	2,449,883	-1.1%	0.39%	-1.0%
OSUR	Sell	OraSure Tech	$9,514,000	+1.1%	2,510,288	-27.7%	0.38%	+6.5%
STAA	Buy	STAAR Surgical	$7,192,000	+76.7%	101,946	+77.6%	0.28%	+85.6%
CRNC	Sell	Cerence	$6,761,000	-38.2%	429,242	-1.0%	0.27%	-34.9%
HAE	Sell	Haemonetics	$6,588,000	+2.6%	88,995	-9.6%	0.26%	+7.9%
FWRD	Sell	Forward Air	$6,368,000	-2.5%	70,550	-0.7%	0.25%	+2.4%
DLB	Sell	Dolby Laboratories	$5,183,000	-9.0%	79,550	-0.1%	0.20%	-4.2%
	Buy	AspenTech	$3,016,000	+29.7%	12,660	+0.0%	0.12%	+36.8%
MPWR	Sell	Monolithic Power Systems	$2,582,000	-32.2%	7,105	-28.4%	0.10%	-28.7%
KWR	Sell	Quaker Chemical	$722,000	-31.0%	5,000	-28.6%	0.03%	-28.2%
GLOB	Sell	Globant S.A.	$446,000	+7.0%	2,385	-0.4%	0.02%	+12.5%
PRLB	Sell	Proto Labs	$244,000	-33.9%	6,696	-13.1%	0.01%	-28.6%
GHM	Sell	Graham	$257,000	+22.4%	29,250	-3.6%	0.01%	+25.0%

Q2 2022

			Value		Shares		↓ Weighting
FTNT	New	Fortinet	$209,597,000	–	3,704,441	–	7.86%	–
ICLR	New	ICON PLC	$153,519,000	–	708,440	–	5.75%	–
MANH	New	Manhattan Assocs	$152,825,000	–	1,333,552	–	5.73%	–
IDXX	New	IDEXX Lab	$134,913,000	–	384,662	–	5.06%	–
AVAV	New	AeroVironment	$124,187,000	–	1,510,790	–	4.65%	–
RMD	New	ResMed	$111,093,000	–	529,949	–	4.16%	–
CYBR	New	CyberArk Software	$110,999,000	–	867,451	–	4.16%	–
NICE	New	NICE	$102,588,000	–	533,061	–	3.84%	–
FDS	New	FactSet Research	$96,114,000	–	249,925	–	3.60%	–
JKHY	New	Jack Henry & Associates	$84,663,000	–	470,298	–	3.17%	–
QLYS	New	Qualys	$82,092,000	–	650,797	–	3.08%	–
ANSS	New	ANSYS	$70,927,000	–	296,405	–	2.66%	–
MEDP	New	Medpace Holdings	$69,589,000	–	464,952	–	2.61%	–
VRNT	New	Verint Systems	$68,929,000	–	1,627,596	–	2.58%	–
CGNX	New	Cognex	$67,506,000	–	1,587,621	–	2.53%	–
ABMD	New	Abiomed	$67,168,000	–	271,375	–	2.52%	–
TECH	New	Bio Techne	$67,068,000	–	193,480	–	2.51%	–
VEEV	New	Veeva Systems	$66,332,000	–	334,943	–	2.49%	–
KRNT	New	Kornit Digital	$64,832,000	–	2,045,187	–	2.43%	–
GNTX	New	Gentex	$60,953,000	–	2,179,220	–	2.28%	–
CSGP	New	Costar Group	$47,916,000	–	793,188	–	1.80%	–
MORN	New	Morningstar	$44,420,000	–	183,683	–	1.66%	–
ILMN	New	Illumina	$42,622,000	–	231,191	–	1.60%	–
BRKS	New	Azenta	$41,190,000	–	571,294	–	1.54%	–
BLKB	New	Blackbaud	$37,213,000	–	640,822	–	1.40%	–
ROLL	New	RBC Bearings	$36,786,000	–	198,895	–	1.38%	–
CRL	New	Charles River Labs	$36,375,000	–	170,000	–	1.36%	–
SEIC	New	SEI Investments	$32,298,000	–	597,884	–	1.21%	–
KTOS	New	Kratos Defense	$28,706,000	–	2,068,125	–	1.08%	–
GWRE	New	Guidewire Software	$26,497,000	–	373,245	–	0.99%	–
CVLT	New	CommVault Systems	$23,871,000	–	379,507	–	0.90%	–
RAMP	New	LiveRamp Holdings	$22,254,000	–	862,220	–	0.83%	–
TRMB	New	Trimble	$22,186,000	–	381,000	–	0.83%	–
DXCM	New	DexCom	$20,985,000	–	281,568	–	0.79%	–
TW	New	Tradeweb Markets	$20,759,000	–	304,157	–	0.78%	–
RGEN	New	Repligen	$20,736,000	–	127,687	–	0.78%	–
SPSC	New	SPS Commerce	$20,352,000	–	180,030	–	0.76%	–
PAYC	New	Paycom Software	$19,268,000	–	68,786	–	0.72%	–
	New	QuidelOrtho	$18,290,000	–	188,208	–	0.68%	–
DORM	New	Dorman Products	$17,334,000	–	158,000	–	0.65%	–
MMSI	New	Merit Medical Systems	$12,820,000	–	236,235	–	0.48%	–
NATI	New	National Instruments	$12,246,000	–	392,130	–	0.46%	–
ACIW	New	ACI Worldwide	$11,987,000	–	463,000	–	0.45%	–
ALRM	New	Alarm.Com Holdings	$11,863,000	–	191,771	–	0.44%	–
CRNC	New	Cerence	$10,945,000	–	433,793	–	0.41%	–
CGNT	New	Cognyte Software	$10,531,000	–	2,477,929	–	0.40%	–
OSUR	New	OraSure Tech	$9,406,000	–	3,470,687	–	0.35%	–
FORR	New	Forrester Research	$6,832,000	–	142,800	–	0.26%	–
FWRD	New	Forward Air	$6,534,000	–	71,058	–	0.24%	–
HAE	New	Haemonetics	$6,420,000	–	98,495	–	0.24%	–
DLB	New	Dolby Laboratories	$5,698,000	–	79,630	–	0.21%	–
STAA	New	STAAR Surgical	$4,071,000	–	57,398	–	0.15%	–
MPWR	New	Monolithic Power Systems	$3,810,000	–	9,921	–	0.14%	–
	New	AspenTech	$2,325,000	–	12,655	–	0.09%	–
FELE	New	Franklin Electric	$1,831,000	–	25,000	–	0.07%	–
TYL	New	Tyler Technologies	$1,415,000	–	4,256	–	0.05%	–
KWR	New	Quaker Chemical	$1,047,000	–	7,000	–	0.04%	–
SPY	New	Spdr S&P 500 Series 1	$809,000	–	2,145	–	0.03%	–
ORLY	New	O'Reilly Automotive	$474,000	–	750	–	0.02%	–
GLOB	New	Globant S.A.	$417,000	–	2,395	–	0.02%	–
PRLB	New	Proto Labs	$369,000	–	7,703	–	0.01%	–
ZBRA	New	Zebra Technologies	$323,000	–	1,100	–	0.01%	–
GHM	New	Graham	$210,000	–	30,350	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
EPAY	Exit	Bottomline Technologies	$0	–	-6,286	–	-0.01%	–
GHM	Exit	Graham	$0	–	-27,830	–	-0.01%	–
ORLY	Exit	O'Reilly Automotive	$0	–	-750	–	-0.01%	–
ZBRA	Exit	Zebra Technologies	$0	–	-1,100	–	-0.02%	–
GLOB	Exit	Globant S.A.	$0	–	-2,626	–	-0.02%	–
MRCY	Exit	Mercury Systems	$0	–	-17,115	–	-0.02%	–
SPY	Exit	Spdr S&P 500 Series 1	$0	–	-2,495	–	-0.03%	–
TYL	Exit	Tyler Technologies	$0	–	-3,025	–	-0.04%	–
KWR	Exit	Quaker Chemical	$0	–	-7,000	–	-0.04%	–
FELE	Exit	Franklin Electric	$0	–	-25,000	–	-0.05%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-95,900	–	-0.06%	–
NATI	Exit	National Instruments	$0	–	-88,710	–	-0.09%	–
AZPN	Exit	Aspen Technology	$0	–	-30,143	–	-0.10%	–
MPWR	Exit	Monolithic Power Systems	$0	–	-10,189	–	-0.13%	–
PRLB	Exit	Proto Labs	$0	–	-91,224	–	-0.16%	–
FWRD	Exit	Forward Air	$0	–	-74,463	–	-0.17%	–
FORR	Exit	Forrester Research	$0	–	-148,775	–	-0.20%	–
HAE	Exit	Haemonetics	$0	–	-140,495	–	-0.27%	–
DLB	Exit	Dolby Laboratories	$0	–	-120,356	–	-0.28%	–
HQY	Exit	HealthEquity	$0	–	-174,788	–	-0.30%	–
NEO	Exit	NeoGenomics	$0	–	-237,323	–	-0.31%	–
ACIW	Exit	ACI Worldwide	$0	–	-378,000	–	-0.31%	–
SPSC	Exit	SPS Commerce	$0	–	-73,990	–	-0.32%	–
CVLT	Exit	CommVault Systems	$0	–	-180,372	–	-0.36%	–
ALRM	Exit	Alarm.Com Holdings	$0	–	-188,894	–	-0.40%	–
DORM	Exit	Dorman Products	$0	–	-164,000	–	-0.42%	–
PAYC	Exit	Paycom Software	$0	–	-34,929	–	-0.46%	–
MMSI	Exit	Merit Medical Systems	$0	–	-244,455	–	-0.47%	–
TW	Exit	Tradeweb Markets	$0	–	-249,291	–	-0.54%	–
IPGP	Exit	IPG Photonic	$0	–	-129,832	–	-0.55%	–
BLKB	Exit	Blackbaud	$0	–	-418,669	–	-0.79%	–
TRMB	Exit	Trimble	$0	–	-379,000	–	-0.84%	–
RGEN	Exit	Repligen	$0	–	-112,010	–	-0.87%	–
GWRE	Exit	Guidewire Software	$0	–	-306,701	–	-0.98%	–
DXCM	Exit	DexCom	$0	–	-68,201	–	-1.00%	–
KTOS	Exit	Kratos Defense	$0	–	-1,739,290	–	-1.04%	–
ROLL	Exit	RBC Bearings	$0	–	-183,180	–	-1.04%	–
OSUR	Exit	OraSure Tech	$0	–	-3,662,838	–	-1.11%	–
RAMP	Exit	LiveRamp Holdings	$0	–	-905,709	–	-1.15%	–
QDEL	Exit	Quidel	$0	–	-315,068	–	-1.19%	–
SEIC	Exit	SEI Investments	$0	–	-756,769	–	-1.20%	–
BRKS	Exit	Brooks Automation	$0	–	-453,199	–	-1.25%	–
MORN	Exit	Morningstar	$0	–	-184,809	–	-1.29%	–
CGNT	Exit	Cognyte Software	$0	–	-2,654,100	–	-1.46%	–
GNTX	Exit	Gentex	$0	–	-1,794,126	–	-1.59%	–
CSGP	Exit	Costar Group	$0	–	-706,977	–	-1.63%	–
VRNT	Exit	Verint Systems	$0	–	-1,564,634	–	-1.88%	–
CRL	Exit	Charles River Labs	$0	–	-170,500	–	-1.89%	–
QLYS	Exit	Qualys	$0	–	-644,988	–	-1.93%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-439,845	–	-1.94%	–
MEDP	Exit	Medpace Holdings	$0	–	-386,374	–	-1.96%	–
ABMD	Exit	Abiomed	$0	–	-250,648	–	-2.19%	–
TECH	Exit	Bio Techne	$0	–	-190,938	–	-2.48%	–
VEEV	Exit	Veeva Systems	$0	–	-329,528	–	-2.55%	–
ILMN	Exit	Illumina	$0	–	-240,136	–	-2.62%	–
FDS	Exit	FactSet Research	$0	–	-250,323	–	-2.65%	–
ANSS	Exit	ANSYS	$0	–	-294,264	–	-2.69%	–
CGNX	Exit	Cognex	$0	–	-1,530,781	–	-3.30%	–
AVAV	Exit	AeroVironment	$0	–	-1,499,157	–	-3.48%	–
CYBR	Exit	CyberArk Software	$0	–	-850,597	–	-3.60%	–
RMD	Exit	ResMed	$0	–	-558,727	–	-3.96%	–
NICE	Exit	NICE	$0	–	-527,189	–	-4.02%	–
ICLR	Exit	ICON PLC	$0	–	-719,763	–	-5.06%	–
MANH	Exit	Manhattan Assocs	$0	–	-1,329,659	–	-5.46%	–
IDXX	Exit	IDEXX Lab	$0	–	-394,004	–	-6.58%	–
FTNT	Exit	Fortinet	$0	–	-871,497	–	-6.84%	–
KRNT	Exit	Kornit Digital	$0	–	-2,135,403	–	-8.30%	–

Q3 2021

			Value		Shares		↓ Weighting
KRNT	Sell	Kornit Digital	$309,078,000	+2.5%	2,135,403	-11.9%	8.30%	-1.7%
FTNT	Sell	Fortinet	$254,512,000	+15.1%	871,497	-6.1%	6.84%	+10.4%
IDXX	Sell	IDEXX Lab	$245,031,000	-8.8%	394,004	-7.4%	6.58%	-12.6%
MANH	Sell	Manhattan Assocs	$203,478,000	+4.3%	1,329,659	-1.3%	5.46%	+0.0%
ICLR	Sell	ICON PLC	$188,592,000	+26.0%	719,763	-0.6%	5.06%	+20.8%
NICE	Sell	NICE	$149,743,000	+11.8%	527,189	-2.6%	4.02%	+7.2%
RMD	Sell	ResMed	$147,253,000	+3.3%	558,727	-3.4%	3.96%	-0.9%
CYBR	Buy	CyberArk Software	$134,241,000	+21.8%	850,597	+0.5%	3.60%	+16.8%
AVAV	Sell	AeroVironment	$129,407,000	-14.9%	1,499,157	-1.3%	3.48%	-18.4%
CGNX	Sell	Cognex	$122,799,000	-6.4%	1,530,781	-1.9%	3.30%	-10.3%
ANSS	Sell	ANSYS	$100,182,000	-1.9%	294,264	-0.0%	2.69%	-6.0%
FDS	Sell	FactSet Research	$98,823,000	+16.3%	250,323	-1.1%	2.65%	+11.6%
ILMN	Sell	Illumina	$97,402,000	-16.8%	240,136	-3.0%	2.62%	-20.2%
VEEV	Sell	Veeva Systems	$94,960,000	-10.6%	329,528	-3.6%	2.55%	-14.3%
TECH	Buy	Bio Techne	$92,523,000	+8.0%	190,938	+0.4%	2.48%	+3.6%
ABMD	Buy	Abiomed	$81,591,000	+12.4%	250,648	+7.7%	2.19%	+7.8%
MEDP	Buy	Medpace Holdings	$73,133,000	+15.8%	386,374	+8.1%	1.96%	+11.0%
JKHY	Sell	Jack Henry & Associates	$72,161,000	-1.7%	439,845	-2.0%	1.94%	-5.7%
QLYS	Buy	Qualys	$71,781,000	+11.2%	644,988	+0.6%	1.93%	+6.6%
CRL	Sell	Charles River Labs	$70,360,000	+8.4%	170,500	-2.8%	1.89%	+4.0%
VRNT	Buy	Verint Systems	$70,080,000	+1.4%	1,564,634	+2.0%	1.88%	-2.8%
CSGP	Sell	Costar Group	$60,842,000	+3.2%	706,977	-0.7%	1.63%	-1.0%
GNTX	Buy	Gentex	$59,170,000	+5.9%	1,794,126	+6.3%	1.59%	+1.5%
CGNT	Buy	Cognyte Software	$54,542,000	-5.4%	2,654,100	+12.8%	1.46%	-9.2%
MORN	Sell	Morningstar	$47,871,000	-3.2%	184,809	-3.9%	1.29%	-7.1%
BRKS	Buy	Brooks Automation	$46,385,000	+433.8%	453,199	+396.9%	1.25%	+412.8%
SEIC	Sell	SEI Investments	$44,876,000	-6.5%	756,769	-2.3%	1.20%	-10.3%
QDEL	Buy	Quidel	$44,472,000	+22.8%	315,068	+11.5%	1.19%	+17.8%
RAMP	Sell	LiveRamp Holdings	$42,777,000	+0.8%	905,709	-0.1%	1.15%	-3.4%
OSUR	Buy	OraSure Tech	$41,427,000	+11.7%	3,662,838	+0.1%	1.11%	+7.1%
ROLL	Buy	RBC Bearings	$38,871,000	+19.3%	183,180	+12.1%	1.04%	+14.3%
KTOS	Buy	Kratos Defense	$38,804,000	-3.6%	1,739,290	+23.2%	1.04%	-7.5%
DXCM	Sell	DexCom	$37,296,000	+26.8%	68,201	-1.0%	1.00%	+21.6%
GWRE	Buy	Guidewire Software	$36,458,000	+49.9%	306,701	+42.1%	0.98%	+43.8%
RGEN	Sell	Repligen	$32,370,000	+42.5%	112,010	-1.6%	0.87%	+36.6%
BLKB	Buy	Blackbaud	$29,453,000	-6.9%	418,669	+1.4%	0.79%	-10.7%
IPGP	Buy	IPG Photonic	$20,565,000	-24.8%	129,832	+0.1%	0.55%	-27.8%
TW	Buy	Tradeweb Markets	$20,138,000	+15.8%	249,291	+21.2%	0.54%	+11.1%
MMSI	Sell	Merit Medical Systems	$17,552,000	+10.1%	244,455	-0.9%	0.47%	+5.6%
PAYC	Buy	Paycom Software	$17,316,000	+36.8%	34,929	+0.3%	0.46%	+31.4%
DORM	Sell	Dorman Products	$15,526,000	-13.9%	164,000	-5.7%	0.42%	-17.4%
ALRM	Buy	Alarm.Com Holdings	$14,770,000	-7.6%	188,894	+0.1%	0.40%	-11.4%
CVLT	Buy	CommVault Systems	$13,584,000	+8.4%	180,372	+12.5%	0.36%	+4.0%
SPSC	Sell	SPS Commerce	$11,935,000	+60.9%	73,990	-0.4%	0.32%	+54.3%
ACIW	Buy	ACI Worldwide	$11,616,000	-13.1%	378,000	+5.0%	0.31%	-16.6%
NEO	Buy	NeoGenomics	$11,448,000	+7.1%	237,323	+0.3%	0.31%	+2.7%
HQY	Buy	HealthEquity	$11,319,000	-19.1%	174,788	+0.5%	0.30%	-22.4%
DLB	Sell	Dolby Laboratories	$10,591,000	-17.0%	120,356	-7.3%	0.28%	-20.4%
HAE	Sell	Haemonetics	$9,918,000	-1.6%	140,495	-7.1%	0.27%	-5.7%
FWRD	Sell	Forward Air	$6,182,000	-8.0%	74,463	-0.6%	0.17%	-11.7%
PRLB	Sell	Proto Labs	$6,076,000	-34.4%	91,224	-9.5%	0.16%	-37.1%
MPWR	Buy	Monolithic Power Systems	$4,938,000	+31.3%	10,189	+1.2%	0.13%	+26.7%
AZPN	Sell	Aspen Technology	$3,702,000	-12.9%	30,143	-2.5%	0.10%	-16.8%
NATI	Sell	National Instruments	$3,480,000	-7.4%	88,710	-0.2%	0.09%	-11.4%
TYL	Buy	Tyler Technologies	$1,387,000	+1.8%	3,025	+0.5%	0.04%	-2.6%
SPY	Sell	Spdr S&P 500 Series 1	$1,071,000	-4.9%	2,495	-5.2%	0.03%	-9.4%
EPAY	Sell	Bottomline Technologies	$247,000	-12.7%	6,286	-17.5%	0.01%	-12.5%
EBS	Exit	Emergent Biosolutions	$0	–	-17,932	–	-0.03%	–
PFPT	Exit	ProofPoint	$0	–	-104,379	–	-0.51%	–

Q2 2021

			Value		Shares		↓ Weighting
KRNT	New	Kornit Digital	$301,521,000	–	2,425,166	–	8.44%	–
IDXX	New	IDEXX Lab	$268,780,000	–	425,588	–	7.53%	–
FTNT	New	Fortinet	$221,029,000	–	927,954	–	6.19%	–
MANH	New	Manhattan Assocs	$195,101,000	–	1,347,009	–	5.46%	–
AVAV	New	AeroVironment	$152,094,000	–	1,518,665	–	4.26%	–
ICLR	New	ICON PLC	$149,709,000	–	724,247	–	4.19%	–
RMD	New	ResMed	$142,543,000	–	578,220	–	3.99%	–
NICE	New	NICE	$133,923,000	–	541,191	–	3.75%	–
CGNX	New	Cognex	$131,220,000	–	1,561,213	–	3.68%	–
ILMN	New	Illumina	$117,107,000	–	247,473	–	3.28%	–
CYBR	New	CyberArk Software	$110,230,000	–	846,167	–	3.09%	–
VEEV	New	Veeva Systems	$106,275,000	–	341,774	–	2.98%	–
ANSS	New	ANSYS	$102,160,000	–	294,357	–	2.86%	–
TECH	New	Bio Techne	$85,632,000	–	190,183	–	2.40%	–
FDS	New	FactSet Research	$84,967,000	–	253,171	–	2.38%	–
JKHY	New	Jack Henry & Associates	$73,418,000	–	449,010	–	2.06%	–
ABMD	New	Abiomed	$72,613,000	–	232,652	–	2.03%	–
VRNT	New	Verint Systems	$69,144,000	–	1,534,147	–	1.94%	–
CRL	New	Charles River Labs	$64,921,000	–	175,500	–	1.82%	–
QLYS	New	Qualys	$64,578,000	–	641,356	–	1.81%	–
MEDP	New	Medpace Holdings	$63,159,000	–	357,580	–	1.77%	–
CSGP	New	Costar Group	$58,965,000	–	711,964	–	1.65%	–
CGNT	New	Cognyte Software	$57,642,000	–	2,352,737	–	1.61%	–
GNTX	New	Gentex	$55,869,000	–	1,688,401	–	1.56%	–
MORN	New	Morningstar	$49,449,000	–	192,325	–	1.38%	–
SEIC	New	SEI Investments	$47,980,000	–	774,251	–	1.34%	–
RAMP	New	LiveRamp Holdings	$42,456,000	–	906,214	–	1.19%	–
KTOS	New	Kratos Defense	$40,236,000	–	1,412,276	–	1.13%	–
OSUR	New	OraSure Tech	$37,086,000	–	3,657,359	–	1.04%	–
QDEL	New	Quidel	$36,204,000	–	282,576	–	1.01%	–
ROLL	New	RBC Bearings	$32,590,000	–	163,424	–	0.91%	–
BLKB	New	Blackbaud	$31,625,000	–	413,019	–	0.89%	–
TRMB	New	Trimble	$31,014,000	–	379,000	–	0.87%	–
DXCM	New	DexCom	$29,422,000	–	68,905	–	0.82%	–
IPGP	New	IPG Photonic	$27,330,000	–	129,667	–	0.76%	–
GWRE	New	Guidewire Software	$24,324,000	–	215,787	–	0.68%	–
RGEN	New	Repligen	$22,723,000	–	113,829	–	0.64%	–
PFPT	New	ProofPoint	$18,137,000	–	104,379	–	0.51%	–
DORM	New	Dorman Products	$18,039,000	–	174,000	–	0.50%	–
TW	New	Tradeweb Markets	$17,390,000	–	205,649	–	0.49%	–
ALRM	New	Alarm.Com Holdings	$15,981,000	–	188,683	–	0.45%	–
MMSI	New	Merit Medical Systems	$15,944,000	–	246,575	–	0.45%	–
HQY	New	HealthEquity	$13,996,000	–	173,905	–	0.39%	–
ACIW	New	ACI Worldwide	$13,370,000	–	360,000	–	0.37%	–
DLB	New	Dolby Laboratories	$12,757,000	–	129,786	–	0.36%	–
PAYC	New	Paycom Software	$12,658,000	–	34,826	–	0.35%	–
CVLT	New	CommVault Systems	$12,536,000	–	160,372	–	0.35%	–
NEO	New	NeoGenomics	$10,687,000	–	236,591	–	0.30%	–
HAE	New	Haemonetics	$10,079,000	–	151,245	–	0.28%	–
PRLB	New	Proto Labs	$9,258,000	–	100,850	–	0.26%	–
BRKS	New	Brooks Automation	$8,690,000	–	91,210	–	0.24%	–
SPSC	New	SPS Commerce	$7,418,000	–	74,295	–	0.21%	–
FORR	New	Forrester Research	$6,814,000	–	148,775	–	0.19%	–
FWRD	New	Forward Air	$6,722,000	–	74,895	–	0.19%	–
AZPN	New	Aspen Technology	$4,252,000	–	30,918	–	0.12%	–
NATI	New	National Instruments	$3,759,000	–	88,908	–	0.10%	–
MPWR	New	Monolithic Power Systems	$3,760,000	–	10,069	–	0.10%	–
HCSG	New	Healthcare Services Grp	$3,028,000	–	95,900	–	0.08%	–
FELE	New	Franklin Electric	$2,015,000	–	25,000	–	0.06%	–
KWR	New	Quaker Chemical	$1,660,000	–	7,000	–	0.05%	–
TYL	New	Tyler Technologies	$1,362,000	–	3,010	–	0.04%	–
EBS	New	Emergent Biosolutions	$1,130,000	–	17,932	–	0.03%	–
SPY	New	Spdr S&P 500 Series 1	$1,126,000	–	2,631	–	0.03%	–
MRCY	New	Mercury Systems	$1,134,000	–	17,115	–	0.03%	–
GLOB	New	Globant S.A.	$576,000	–	2,626	–	0.02%	–
ZBRA	New	Zebra Technologies	$582,000	–	1,100	–	0.02%	–
ORLY	New	O'Reilly Automotive	$425,000	–	750	–	0.01%	–
GHM	New	Graham	$383,000	–	27,830	–	0.01%	–
EPAY	New	Bottomline Technologies	$283,000	–	7,621	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
AAPL	Exit	Apple	$0	–	-2,016	–	-0.01%	–
ZBRA	Exit	Zebra Technologies	$0	–	-1,100	–	-0.01%	–
TW	Exit	Tradeweb Markets	$0	–	-4,740	–	-0.01%	–
ORLY	Exit	O'Reilly Automotive	$0	–	-750	–	-0.01%	–
VOO	Exit	Vanguard S&P 500	$0	–	-1,423	–	-0.02%	–
SPY	Exit	Spdr S&P 500 Series 1	$0	–	-2,400	–	-0.03%	–
GHM	Exit	Graham	$0	–	-93,102	–	-0.04%	–
KWR	Exit	Quaker Chemical	$0	–	-7,000	–	-0.05%	–
GLOB	Exit	Globant S.A.	$0	–	-7,220	–	-0.05%	–
FELE	Exit	Franklin Electric	$0	–	-25,000	–	-0.05%	–
MRCY	Exit	Mercury Systems	$0	–	-32,508	–	-0.09%	–
EPAY	Exit	Bottomline Technologies	$0	–	-60,515	–	-0.09%	–
LNN	Exit	Lindsay Manufacturing	$0	–	-27,000	–	-0.10%	–
STRA	Exit	Strategic Education	$0	–	-31,332	–	-0.10%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-167,435	–	-0.13%	–
FWRD	Exit	Forward Air	$0	–	-65,327	–	-0.14%	–
MPWR	Exit	Monolithic Power Systems	$0	–	-14,357	–	-0.15%	–
AZPN	Exit	Aspen Technology	$0	–	-34,276	–	-0.16%	–
FORR	Exit	Forrester Research	$0	–	-148,775	–	-0.18%	–
SPSC	Exit	SPS Commerce	$0	–	-67,672	–	-0.19%	–
NATI	Exit	National Instruments	$0	–	-154,378	–	-0.20%	–
CVLT	Exit	CommVault Systems	$0	–	-160,000	–	-0.24%	–
DLB	Exit	Dolby Laboratories	$0	–	-110,437	–	-0.27%	–
PAYC	Exit	Paycom Software	$0	–	-28,400	–	-0.32%	–
ACIW	Exit	ACI Worldwide	$0	–	-360,000	–	-0.35%	–
HQY	Exit	HealthEquity	$0	–	-196,793	–	-0.37%	–
NEO	Exit	NeoGenomics	$0	–	-274,835	–	-0.37%	–
MMSI	Exit	Merit Medical Systems	$0	–	-246,675	–	-0.39%	–
ALRM	Exit	Alarm.Com Holdings	$0	–	-195,925	–	-0.40%	–
ROLL	Exit	RBC Bearings	$0	–	-90,451	–	-0.40%	–
DXCM	Exit	DexCom	$0	–	-29,526	–	-0.45%	–
HAE	Exit	Haemonetics	$0	–	-154,145	–	-0.49%	–
DORM	Exit	Dorman Products	$0	–	-174,000	–	-0.58%	–
RGEN	Exit	Repligen	$0	–	-109,002	–	-0.59%	–
PRLB	Exit	Proto Labs	$0	–	-134,582	–	-0.64%	–
TRMB	Exit	Trimble	$0	–	-379,400	–	-0.68%	–
GWRE	Exit	Guidewire Software	$0	–	-188,200	–	-0.72%	–
BLKB	Exit	Blackbaud	$0	–	-355,236	–	-0.73%	–
IPGP	Exit	IPG Photonic	$0	–	-127,469	–	-0.80%	–
PFPT	Exit	ProofPoint	$0	–	-209,010	–	-0.81%	–
KTOS	Exit	Kratos Defense	$0	–	-1,359,488	–	-0.96%	–
MEDP	Exit	Medpace Holdings	$0	–	-270,163	–	-1.11%	–
QDEL	Exit	Quidel	$0	–	-140,294	–	-1.13%	–
MORN	Exit	Morningstar	$0	–	-192,506	–	-1.14%	–
SEIC	Exit	SEI Investments	$0	–	-770,626	–	-1.44%	–
CRL	Exit	Charles River Labs	$0	–	-175,500	–	-1.46%	–
GNTX	Exit	Gentex	$0	–	-1,545,184	–	-1.46%	–
TECH	Exit	Bio Techne	$0	–	-188,191	–	-1.71%	–
OSUR	Exit	OraSure Tech	$0	–	-4,277,388	–	-1.91%	–
RAMP	Exit	LiveRamp Holdings	$0	–	-1,023,605	–	-1.95%	–
HMSY	Exit	HMS Holdings	$0	–	-2,260,254	–	-1.99%	–
CSGP	Exit	Costar Group	$0	–	-69,947	–	-2.18%	–
ABMD	Exit	Abiomed	$0	–	-219,232	–	-2.23%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-376,575	–	-2.25%	–
RP	Exit	Real Page	$0	–	-1,081,082	–	-2.29%	–
QLYS	Exit	Qualys	$0	–	-638,291	–	-2.30%	–
VRNT	Exit	Verint Systems	$0	–	-1,445,236	–	-2.56%	–
ILMN	Exit	Illumina	$0	–	-243,318	–	-2.76%	–
FDS	Exit	FactSet Research	$0	–	-252,601	–	-3.11%	–
CYBR	Exit	CyberArk Software	$0	–	-821,431	–	-3.12%	–
AVAV	Exit	AeroVironment	$0	–	-1,573,301	–	-3.47%	–
ANSS	Exit	ANSYS	$0	–	-295,553	–	-3.55%	–
VEEV	Exit	Veeva Systems	$0	–	-360,045	–	-3.72%	–
CGNX	Exit	Cognex	$0	–	-1,555,803	–	-3.72%	–
RMD	Exit	ResMed	$0	–	-593,801	–	-3.74%	–
FTNT	Exit	Fortinet	$0	–	-957,345	–	-4.14%	–
NICE	Exit	NICE	$0	–	-532,675	–	-4.44%	–
MANH	Exit	Manhattan Assocs	$0	–	-1,342,058	–	-4.71%	–
ICLR	Exit	ICON PLC	$0	–	-722,970	–	-5.08%	–
KRNT	Exit	Kornit Digital	$0	–	-2,707,663	–	-6.46%	–
IDXX	Exit	IDEXX Lab	$0	–	-448,208	–	-6.48%	–

Q3 2020

			Value		Shares		↓ Weighting
IDXX	Sell	IDEXX Lab	$176,195,000	+12.6%	448,208	-5.4%	6.48%	+12.5%
KRNT	Sell	Kornit Digital	$175,646,000	+15.7%	2,707,663	-4.8%	6.46%	+15.6%
ICLR	Sell	ICON PLC	$138,152,000	+6.5%	722,970	-6.1%	5.08%	+6.4%
MANH	Sell	Manhattan Assocs	$128,153,000	-4.0%	1,342,058	-5.3%	4.71%	-4.1%
NICE	Sell	NICE	$120,933,000	+13.6%	532,675	-5.3%	4.44%	+13.5%
FTNT	Sell	Fortinet	$112,785,000	-17.6%	957,345	-4.0%	4.14%	-17.7%
RMD	Sell	ResMed	$101,795,000	-15.4%	593,801	-5.2%	3.74%	-15.4%
CGNX	Sell	Cognex	$101,283,000	+3.5%	1,555,803	-5.1%	3.72%	+3.4%
VEEV	Sell	Veeva Systems	$101,241,000	+13.5%	360,045	-5.4%	3.72%	+13.4%
ANSS	Sell	ANSYS	$96,714,000	+5.9%	295,553	-5.6%	3.55%	+5.8%
AVAV	Sell	AeroVironment	$94,414,000	-27.7%	1,573,301	-4.1%	3.47%	-27.8%
CYBR	Sell	CyberArk Software	$84,952,000	+0.0%	821,431	-4.0%	3.12%	-0.0%
FDS	Sell	FactSet Research	$84,591,000	-2.4%	252,601	-4.2%	3.11%	-2.4%
ILMN	Sell	Illumina	$75,205,000	-20.6%	243,318	-4.8%	2.76%	-20.6%
VRNT	Sell	Verint Systems	$69,631,000	-5.0%	1,445,236	-10.9%	2.56%	-5.0%
QLYS	Sell	Qualys	$62,559,000	-9.4%	638,291	-3.9%	2.30%	-9.5%
RP	Sell	Real Page	$62,314,000	-13.7%	1,081,082	-2.6%	2.29%	-13.7%
JKHY	Sell	Jack Henry & Associates	$61,227,000	-17.1%	376,575	-6.2%	2.25%	-17.2%
ABMD	Sell	Abiomed	$60,740,000	+13.7%	219,232	-0.8%	2.23%	+13.6%
CSGP	Sell	Costar Group	$59,351,000	+13.9%	69,947	-4.6%	2.18%	+13.8%
HMSY	Sell	HMS Holdings	$54,133,000	-29.4%	2,260,254	-4.5%	1.99%	-29.5%
RAMP	Sell	LiveRamp Holdings	$52,992,000	+15.6%	1,023,605	-5.2%	1.95%	+15.5%
OSUR	Buy	OraSure Tech	$52,056,000	+25.2%	4,277,388	+19.6%	1.91%	+25.0%
TECH	Sell	Bio Techne	$46,621,000	-6.8%	188,191	-0.7%	1.71%	-6.9%
GNTX	Sell	Gentex	$39,788,000	-0.4%	1,545,184	-0.3%	1.46%	-0.5%
CRL	Sell	Charles River Labs	$39,742,000	+19.7%	175,500	-7.9%	1.46%	+19.5%
SEIC	Sell	SEI Investments	$39,086,000	-11.8%	770,626	-4.4%	1.44%	-11.9%
MORN	Sell	Morningstar	$30,918,000	+8.0%	192,506	-5.2%	1.14%	+7.9%
QDEL	New	Quidel	$30,778,000	–	140,294	–	1.13%	–
MEDP	Buy	Medpace Holdings	$30,191,000	+53.5%	270,163	+27.7%	1.11%	+53.4%
KTOS	Buy	Kratos Defense	$26,211,000	+91.3%	1,359,488	+55.1%	0.96%	+91.1%
PFPT	Buy	ProofPoint	$22,061,000	+14.2%	209,010	+20.2%	0.81%	+14.1%
IPGP	Sell	IPG Photonic	$21,666,000	+1.4%	127,469	-4.3%	0.80%	+1.3%
BLKB	Sell	Blackbaud	$19,833,000	-3.8%	355,236	-1.6%	0.73%	-3.8%
GWRE	Buy	Guidewire Software	$19,624,000	-5.7%	188,200	+0.3%	0.72%	-5.8%
TRMB	Sell	Trimble	$18,477,000	+2.0%	379,400	-9.5%	0.68%	+2.0%
PRLB	Sell	Proto Labs	$17,428,000	+10.7%	134,582	-3.9%	0.64%	+10.5%
RGEN	Buy	Repligen	$16,082,000	+19.8%	109,002	+0.4%	0.59%	+19.6%
DORM	Sell	Dorman Products	$15,726,000	+16.0%	174,000	-13.9%	0.58%	+15.8%
HAE	Sell	Haemonetics	$13,449,000	-5.6%	154,145	-3.1%	0.49%	-5.7%
DXCM	Buy	DexCom	$12,172,000	+3.2%	29,526	+1.5%	0.45%	+3.0%
ROLL	Buy	RBC Bearings	$10,964,000	-9.3%	90,451	+0.3%	0.40%	-9.4%
ALRM	Buy	Alarm.Com Holdings	$10,825,000	-14.3%	195,925	+0.5%	0.40%	-14.4%
MMSI	Sell	Merit Medical Systems	$10,730,000	-11.9%	246,675	-7.5%	0.39%	-12.1%
NEO	Buy	NeoGenomics	$10,139,000	+21.6%	274,835	+2.1%	0.37%	+21.5%
HQY	Sell	HealthEquity	$10,109,000	-17.5%	196,793	-5.8%	0.37%	-17.7%
ACIW	Sell	ACI Worldwide	$9,407,000	-12.4%	360,000	-9.5%	0.35%	-12.4%
PAYC	Buy	Paycom Software	$8,841,000	+2.4%	28,400	+1.8%	0.32%	+2.2%
DLB	Sell	Dolby Laboratories	$7,320,000	-24.4%	110,437	-24.9%	0.27%	-24.4%
CVLT	Sell	CommVault Systems	$6,528,000	-6.3%	160,000	-11.1%	0.24%	-6.2%
NATI	Sell	National Instruments	$5,511,000	-17.0%	154,378	-10.0%	0.20%	-16.8%
SPSC	Buy	SPS Commerce	$5,270,000	+4.0%	67,672	+0.4%	0.19%	+4.3%
AZPN	Sell	Aspen Technology	$4,339,000	+10.6%	34,276	-9.5%	0.16%	+10.4%
MPWR	Buy	Monolithic Power Systems	$4,014,000	+19.2%	14,357	+1.1%	0.15%	+19.4%
FWRD	Buy	Forward Air	$3,748,000	+15.6%	65,327	+0.4%	0.14%	+16.0%
HCSG	Sell	Healthcare Services Grp	$3,605,000	-45.5%	167,435	-38.1%	0.13%	-45.7%
STRA	Sell	Strategic Education	$2,866,000	-40.6%	31,332	-0.1%	0.10%	-40.7%
LNN	Sell	Lindsay Manufacturing	$2,610,000	-6.3%	27,000	-10.6%	0.10%	-5.9%
EPAY	Buy	Bottomline Technologies	$2,551,000	-15.3%	60,515	+2.0%	0.09%	-15.3%
MRCY	Buy	Mercury Systems	$2,518,000	+10.4%	32,508	+12.1%	0.09%	+10.7%
GLOB	Sell	Globant S.A.	$1,294,000	+16.9%	7,220	-2.3%	0.05%	+17.1%
GHM	Sell	Graham	$1,189,000	-43.9%	93,102	-44.0%	0.04%	-43.6%
SPY	Buy	Spdr S&P 500 Series 1	$804,000	+30.3%	2,400	+20.0%	0.03%	+30.4%
TW	Buy	Tradeweb Markets	$275,000	+4.2%	4,740	+4.5%	0.01%	0.0%
AAPL	Buy	Apple	$233,000	-2.5%	2,016	+208.3%	0.01%	0.0%
LOGM	Exit	LOGMEIN	$0	–	-50,395	–	-0.16%	–

Q2 2020

			Value		Shares		↓ Weighting
IDXX	New	IDEXX Lab	$156,469,000	–	473,918	–	5.76%	–
KRNT	New	Kornit Digital	$151,869,000	–	2,845,048	–	5.58%	–
FTNT	New	Fortinet	$136,910,000	–	997,375	–	5.04%	–
MANH	New	Manhattan Assocs	$133,478,000	–	1,416,966	–	4.91%	–
AVAV	New	AeroVironment	$130,600,000	–	1,640,087	–	4.80%	–
ICLR	New	ICON PLC	$129,710,000	–	769,976	–	4.77%	–
RMD	New	ResMed	$120,255,000	–	626,330	–	4.42%	–
NICE	New	NICE	$106,417,000	–	562,339	–	3.91%	–
CGNX	New	Cognex	$97,858,000	–	1,638,613	–	3.60%	–
ILMN	New	Illumina	$94,685,000	–	255,664	–	3.48%	–
ANSS	New	ANSYS	$91,304,000	–	312,975	–	3.36%	–
VEEV	New	Veeva Systems	$89,211,000	–	380,561	–	3.28%	–
FDS	New	FactSet Research	$86,632,000	–	263,745	–	3.19%	–
CYBR	New	CyberArk Software	$84,920,000	–	855,443	–	3.12%	–
HMSY	New	HMS Holdings	$76,666,000	–	2,366,953	–	2.82%	–
JKHY	New	Jack Henry & Associates	$73,864,000	–	401,371	–	2.72%	–
VRNT	New	Verint Systems	$73,262,000	–	1,621,563	–	2.69%	–
RP	New	Real Page	$72,176,000	–	1,110,226	–	2.65%	–
QLYS	New	Qualys	$69,069,000	–	663,994	–	2.54%	–
ABMD	New	Abiomed	$53,406,000	–	221,087	–	1.96%	–
CSGP	New	Costar Group	$52,088,000	–	73,294	–	1.92%	–
TECH	New	Bio Techne	$50,035,000	–	189,475	–	1.84%	–
RAMP	New	LiveRamp Holdings	$45,841,000	–	1,079,370	–	1.69%	–
SEIC	New	SEI Investments	$44,327,000	–	806,239	–	1.63%	–
OSUR	New	OraSure Tech	$41,592,000	–	3,576,230	–	1.53%	–
GNTX	New	Gentex	$39,935,000	–	1,549,668	–	1.47%	–
CRL	New	Charles River Labs	$33,214,000	–	190,500	–	1.22%	–
MORN	New	Morningstar	$28,628,000	–	203,076	–	1.05%	–
IPGP	New	IPG Photonic	$21,367,000	–	133,219	–	0.79%	–
GWRE	New	Guidewire Software	$20,801,000	–	187,650	–	0.76%	–
BLKB	New	Blackbaud	$20,616,000	–	361,174	–	0.76%	–
MEDP	New	Medpace Holdings	$19,672,000	–	211,486	–	0.72%	–
PFPT	New	ProofPoint	$19,326,000	–	173,917	–	0.71%	–
TRMB	New	Trimble	$18,114,000	–	419,400	–	0.67%	–
PRLB	New	Proto Labs	$15,743,000	–	139,977	–	0.58%	–
HAE	New	Haemonetics	$14,253,000	–	159,145	–	0.52%	–
KTOS	New	Kratos Defense	$13,704,000	–	876,747	–	0.50%	–
DORM	New	Dorman Products	$13,559,000	–	202,163	–	0.50%	–
RGEN	New	Repligen	$13,421,000	–	108,579	–	0.49%	–
ALRM	New	Alarm.Com Holdings	$12,634,000	–	194,935	–	0.46%	–
HQY	New	HealthEquity	$12,255,000	–	208,883	–	0.45%	–
MMSI	New	Merit Medical Systems	$12,174,000	–	266,675	–	0.45%	–
ROLL	New	RBC Bearings	$12,091,000	–	90,203	–	0.44%	–
DXCM	New	DexCom	$11,795,000	–	29,094	–	0.43%	–
ACIW	New	ACI Worldwide	$10,742,000	–	398,000	–	0.40%	–
DLB	New	Dolby Laboratories	$9,682,000	–	146,984	–	0.36%	–
PAYC	New	Paycom Software	$8,637,000	–	27,885	–	0.32%	–
NEO	New	NeoGenomics	$8,340,000	–	269,205	–	0.31%	–
CVLT	New	CommVault Systems	$6,966,000	–	180,000	–	0.26%	–
NATI	New	National Instruments	$6,640,000	–	171,524	–	0.24%	–
HCSG	New	Healthcare Services Grp	$6,612,000	–	270,311	–	0.24%	–
SPSC	New	SPS Commerce	$5,066,000	–	67,435	–	0.19%	–
STRA	New	Strategic Education	$4,821,000	–	31,378	–	0.18%	–
FORR	New	Forrester Research	$4,767,000	–	148,775	–	0.18%	–
LOGM	New	LOGMEIN	$4,272,000	–	50,395	–	0.16%	–
AZPN	New	Aspen Technology	$3,924,000	–	37,875	–	0.14%	–
MPWR	New	Monolithic Power Systems	$3,367,000	–	14,207	–	0.12%	–
FWRD	New	Forward Air	$3,242,000	–	65,083	–	0.12%	–
EPAY	New	Bottomline Technologies	$3,013,000	–	59,350	–	0.11%	–
LNN	New	Lindsay Manufacturing	$2,785,000	–	30,205	–	0.10%	–
MRCY	New	Mercury Systems	$2,281,000	–	28,998	–	0.08%	–
GHM	New	Graham	$2,119,000	–	166,317	–	0.08%	–
KWR	New	Quaker Chemical	$1,300,000	–	7,000	–	0.05%	–
FELE	New	Franklin Electric	$1,313,000	–	25,000	–	0.05%	–
GLOB	New	Globant S.A.	$1,107,000	–	7,388	–	0.04%	–
SPY	New	Spdr S&P 500 Series 1	$617,000	–	2,000	–	0.02%	–
VOO	New	Vanguard S&P 500	$403,000	–	1,423	–	0.02%	–
ORLY	New	O'Reilly Automotive	$316,000	–	750	–	0.01%	–
ZBRA	New	Zebra Technologies	$282,000	–	1,100	–	0.01%	–
TW	New	Tradeweb Markets	$264,000	–	4,537	–	0.01%	–
AAPL	New	Apple	$239,000	–	654	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
ZBRA	Exit	Zebra Technologies	$0	–	-1,100	–	-0.01%	–
SPY	Exit	Spdr S&P 500 Series 1	$0	–	-867	–	-0.01%	–
EGOV	Exit	NIC	$0	–	-17,155	–	-0.02%	–
ORLY	Exit	O'Reilly Automotive	$0	–	-1,000	–	-0.02%	–
GLOB	Exit	Globant S.A.	$0	–	-7,031	–	-0.03%	–
NEO	Exit	NeoGenomics	$0	–	-48,570	–	-0.04%	–
KWR	Exit	Quaker Chemical	$0	–	-7,000	–	-0.05%	–
FELE	Exit	Franklin Electric	$0	–	-26,600	–	-0.06%	–
EPAY	Exit	Bottomline Technologies	$0	–	-44,005	–	-0.08%	–
HOLX	Exit	Hologic	$0	–	-54,195	–	-0.12%	–
LNN	Exit	Lindsay Manufacturing	$0	–	-30,205	–	-0.12%	–
PAYC	Exit	Paycom Software	$0	–	-14,005	–	-0.13%	–
MPWR	Exit	Monolithic Power Systems	$0	–	-19,355	–	-0.13%	–
AZPN	Exit	Aspen Technology	$0	–	-28,522	–	-0.16%	–
WMGI	Exit	Wright Medical Group	$0	–	-172,468	–	-0.16%	–
	Exit	Envestnet Conv Sr Unsecd Noteconv	$0	–	-3,760,000	–	-0.17%	–
GHM	Exit	Graham	$0	–	-203,178	–	-0.18%	–
FWRD	Exit	Forward Air	$0	–	-64,390	–	-0.18%	–
FORR	Exit	Forrester Research	$0	–	-156,835	–	-0.22%	–
RGEN	Exit	Repligen	$0	–	-72,665	–	-0.25%	–
STRA	Exit	Strategic Education	$0	–	-50,667	–	-0.30%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-288,301	–	-0.31%	–
ROLL	Exit	RBC Bearings	$0	–	-46,240	–	-0.34%	–
CVLT	Exit	CommVault Systems	$0	–	-180,000	–	-0.36%	–
MMSI	Exit	Merit Medical Systems	$0	–	-267,425	–	-0.36%	–
ALRM	Exit	Alarm.Com Holdings	$0	–	-178,860	–	-0.37%	–
DLB	Exit	Dolby Laboratories	$0	–	-133,186	–	-0.38%	–
HQY	Exit	HealthEquity	$0	–	-177,795	–	-0.45%	–
GWRE	Exit	Guidewire Software	$0	–	-98,200	–	-0.46%	–
NATI	Exit	National Instruments	$0	–	-271,575	–	-0.50%	–
ACIW	Exit	ACI Worldwide	$0	–	-398,000	–	-0.55%	–
PRLB	Exit	Proto Labs	$0	–	-138,582	–	-0.63%	–
DORM	Exit	Dorman Products	$0	–	-215,860	–	-0.76%	–
IPGP	Exit	IPG Photonic	$0	–	-133,619	–	-0.80%	–
HAE	Exit	Haemonetics	$0	–	-158,735	–	-0.89%	–
TECH	Exit	Bio Techne	$0	–	-105,295	–	-0.91%	–
ABMD	Exit	Abiomed	$0	–	-123,670	–	-0.97%	–
CRL	Exit	Charles River Labs	$0	–	-175,950	–	-1.03%	–
OSUR	Exit	OraSure Technologies	$0	–	-3,147,038	–	-1.04%	–
TVTY	Exit	Tivity Health	$0	–	-1,576,122	–	-1.16%	–
MORN	Exit	Morningstar	$0	–	-197,870	–	-1.28%	–
TRMB	Exit	Trimble	$0	–	-835,323	–	-1.44%	–
LOGM	Exit	LOGMEIN	$0	–	-500,368	–	-1.57%	–
BLKB	Exit	Blackbaud	$0	–	-419,097	–	-1.68%	–
CBM	Exit	Cambrex	$0	–	-644,167	–	-1.70%	–
QLYS	Exit	Qualys	$0	–	-563,655	–	-1.89%	–
SEIC	Exit	SEI Investments	$0	–	-759,118	–	-1.99%	–
RAMP	Exit	LiveRamp Holdings	$0	–	-1,054,678	–	-2.01%	–
CSGP	Exit	Costar Group	$0	–	-79,125	–	-2.08%	–
MDSO	Exit	Medidata Solutions	$0	–	-530,498	–	-2.15%	–
GNTX	Exit	Gentex	$0	–	-1,799,803	–	-2.19%	–
VEEV	Exit	Veeva Systems	$0	–	-368,097	–	-2.49%	–
RP	Exit	Real Page	$0	–	-907,029	–	-2.52%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-393,217	–	-2.54%	–
FDS	Exit	FactSet Research Sys	$0	–	-266,403	–	-2.87%	–
ANSS	Exit	ANSYS	$0	–	-305,230	–	-2.99%	–
VRNT	Exit	Verint Systems	$0	–	-1,608,695	–	-3.05%	–
ILMN	Exit	Illumina	$0	–	-255,900	–	-3.45%	–
HMSY	Exit	HMS Holdings	$0	–	-2,270,552	–	-3.46%	–
FTNT	Exit	Fortinet	$0	–	-1,028,166	–	-3.49%	–
CGNX	Exit	Cognex	$0	–	-1,648,564	–	-3.59%	–
NICE	Exit	NICE	$0	–	-570,768	–	-3.63%	–
CYBR	Exit	CyberArk Software	$0	–	-842,369	–	-3.72%	–
AVAV	Exit	AeroVironment	$0	–	-1,596,325	–	-3.78%	–
RMD	Exit	ResMed	$0	–	-638,191	–	-3.82%	–
KRNT	Exit	Kornit Digital	$0	–	-2,981,627	–	-4.06%	–
MANH	Exit	Manhattan Associates	$0	–	-1,371,014	–	-4.90%	–
ICLR	Exit	ICON PLC	$0	–	-796,474	–	-5.20%	–
IDXX	Exit	IDEXX Laboratories	$0	–	-479,089	–	-5.77%	–

Q3 2019

			Value		Shares		↓ Weighting
IDXX	Sell	IDEXX Laboratories	$130,279,000	-1.8%	479,089	-0.5%	5.77%	+1.6%
ICLR	Sell	ICON PLC	$117,352,000	-4.7%	796,474	-0.4%	5.20%	-1.4%
MANH	Sell	Manhattan Associates	$110,600,000	+16.2%	1,371,014	-0.2%	4.90%	+20.2%
KRNT	Sell	Kornit Digital	$91,774,000	-4.0%	2,981,627	-1.2%	4.06%	-0.6%
RMD	Sell	ResMed	$86,226,000	+10.2%	638,191	-0.4%	3.82%	+14.0%
AVAV	Buy	AeroVironment	$85,499,000	-1.7%	1,596,325	+4.2%	3.78%	+1.7%
CYBR	Sell	CyberArk Software	$84,085,000	-22.2%	842,369	-0.3%	3.72%	-19.5%
NICE	Sell	NICE	$82,076,000	+4.4%	570,768	-0.5%	3.63%	+8.1%
CGNX	Sell	Cognex	$80,994,000	+2.1%	1,648,564	-0.3%	3.59%	+5.7%
FTNT	Buy	Fortinet	$78,922,000	+0.0%	1,028,166	+0.1%	3.49%	+3.5%
HMSY	Sell	HMS Holdings	$78,255,000	+5.6%	2,270,552	-0.8%	3.46%	+9.2%
ILMN	Sell	Illumina	$77,850,000	-17.7%	255,900	-0.4%	3.45%	-14.8%
VRNT	Buy	Verint Systems	$68,820,000	-19.6%	1,608,695	+1.0%	3.05%	-16.8%
ANSS	Buy	ANSYS	$67,566,000	+9.2%	305,230	+1.0%	2.99%	+13.0%
FDS	Sell	FactSet Research Sys	$64,728,000	-15.5%	266,403	-0.3%	2.87%	-12.5%
JKHY	Sell	Jack Henry & Associates	$57,398,000	+8.6%	393,217	-0.4%	2.54%	+12.3%
RP	Buy	Real Page	$57,016,000	+7.1%	907,029	+0.2%	2.52%	+10.8%
VEEV	Sell	Veeva Systems	$56,205,000	-6.2%	368,097	-0.4%	2.49%	-3.0%
GNTX	Sell	Gentex	$49,558,000	+11.4%	1,799,803	-0.4%	2.19%	+15.3%
MDSO	Sell	Medidata Solutions	$48,541,000	-22.0%	530,498	-22.9%	2.15%	-19.3%
CSGP	Sell	Costar Group	$46,937,000	+5.8%	79,125	-1.2%	2.08%	+9.5%
RAMP	Buy	LiveRamp Holdings	$45,309,000	-11.3%	1,054,678	+0.1%	2.01%	-8.2%
SEIC	Sell	SEI Investments	$44,982,000	+5.4%	759,118	-0.3%	1.99%	+9.0%
QLYS	Buy	Qualys	$42,595,000	-11.4%	563,655	+2.1%	1.89%	-8.4%
CBM	Sell	Cambrex	$38,328,000	+2.7%	644,167	-19.2%	1.70%	+6.3%
BLKB	Buy	Blackbaud	$37,861,000	+11.1%	419,097	+2.7%	1.68%	+14.9%
LOGM	Buy	LOGMEIN	$35,506,000	+4.8%	500,368	+8.9%	1.57%	+8.5%
TRMB	Sell	Trimble	$32,419,000	-14.4%	835,323	-0.5%	1.44%	-11.4%
MORN	Sell	Morningstar	$28,917,000	+0.6%	197,870	-0.5%	1.28%	+4.1%
TVTY	Buy	Tivity Health	$26,211,000	+20.8%	1,576,122	+19.4%	1.16%	+24.9%
OSUR	Buy	OraSure Technologies	$23,508,000	-17.1%	3,147,038	+3.0%	1.04%	-14.2%
ABMD	Buy	Abiomed	$22,000,000	+5.2%	123,670	+54.0%	0.97%	+8.8%
TECH	Sell	Bio Techne	$20,603,000	-6.3%	105,295	-0.2%	0.91%	-3.1%
IPGP	Sell	IPG Photonic	$18,119,000	-14.1%	133,619	-2.3%	0.80%	-11.2%
DORM	Sell	Dorman Products	$17,170,000	-10.9%	215,860	-2.4%	0.76%	-7.9%
PRLB	Sell	Proto Labs	$14,149,000	-12.1%	138,582	-0.1%	0.63%	-9.1%
NATI	Buy	National Instruments	$11,403,000	+0.1%	271,575	+0.1%	0.50%	+3.5%
GWRE	Buy	Guidewire Software	$10,348,000	+436.2%	98,200	+415.9%	0.46%	+451.8%
HQY	Buy	HealthEquity	$10,160,000	+16.0%	177,795	+32.8%	0.45%	+20.0%
DLB	Buy	Dolby Laboratories	$8,609,000	+14.9%	133,186	+14.8%	0.38%	+18.7%
ALRM	Buy	Alarm.Com Holdings	$8,342,000	-12.6%	178,860	+0.2%	0.37%	-9.8%
ROLL	Buy	RBC Bearings	$7,672,000	+100.7%	46,240	+101.7%	0.34%	+107.3%
HCSG	Sell	Healthcare Services Grp	$7,003,000	-56.0%	288,301	-45.1%	0.31%	-54.5%
STRA	Sell	Strategic Education	$6,885,000	-23.8%	50,667	-0.2%	0.30%	-21.2%
RGEN	Buy	Repligen	$5,573,000	-10.6%	72,665	+0.2%	0.25%	-7.5%
FORR	Buy	Forrester Research	$5,041,000	-24.0%	156,835	+11.3%	0.22%	-21.5%
FWRD	Sell	Forward Air	$4,103,000	+6.9%	64,390	-0.8%	0.18%	+11.0%
GHM	Sell	Graham	$4,035,000	-41.6%	203,178	-40.6%	0.18%	-39.5%
WMGI	Buy	Wright Medical Group	$3,558,000	-14.0%	172,468	+24.3%	0.16%	-10.7%
MPWR	Buy	Monolithic Power Systems	$3,012,000	+15.1%	19,355	+0.5%	0.13%	+18.8%
PAYC	Buy	Paycom Software	$2,934,000	-7.5%	14,005	+0.1%	0.13%	-4.4%
HOLX	Sell	Hologic	$2,736,000	+4.1%	54,195	-0.9%	0.12%	+8.0%
EPAY	Buy	Bottomline Technologies	$1,732,000	+6.5%	44,005	+19.8%	0.08%	+10.0%
NEO	Sell	NeoGenomics	$929,000	-12.9%	48,570	-0.0%	0.04%	-10.9%
SPY	New	Spdr S&P 500 Series 1	$257,000	–	867	–	0.01%	–
FFIV	Exit	F5 Networks	$0	–	-1,807	–	-0.01%	–
INGN	Exit	Inogen	$0	–	-50,030	–	-0.14%	–

Q2 2019

			Value		Shares		↓ Weighting
IDXX	New	IDEXX Laboratories	$132,625,000	–	481,695	–	5.68%	–
ICLR	New	ICON PLC	$123,116,000	–	799,609	–	5.27%	–
CYBR	New	CyberArk Software	$108,023,000	–	844,989	–	4.62%	–
KRNT	New	Kornit Digital	$95,551,000	–	3,018,027	–	4.09%	–
MANH	New	Manhattan Associates	$95,203,000	–	1,373,189	–	4.07%	–
ILMN	New	Illumina	$94,543,000	–	256,805	–	4.04%	–
AVAV	New	AeroVironment	$86,996,000	–	1,532,425	–	3.72%	–
VRNT	New	Verint Systems	$85,633,000	–	1,592,283	–	3.66%	–
CGNX	New	Cognex	$79,299,000	–	1,652,744	–	3.39%	–
FTNT	New	Fortinet	$78,899,000	–	1,026,926	–	3.38%	–
NICE	New	NICE	$78,582,000	–	573,593	–	3.36%	–
RMD	New	ResMed	$78,211,000	–	640,916	–	3.35%	–
FDS	New	FactSet Research Sys	$76,584,000	–	267,253	–	3.28%	–
HMSY	New	HMS Holdings	$74,100,000	–	2,287,752	–	3.17%	–
MDSO	New	Medidata Solutions	$62,268,000	–	687,973	–	2.66%	–
ANSS	New	ANSYS	$61,870,000	–	302,070	–	2.65%	–
VEEV	New	Veeva Systems	$59,926,000	–	369,664	–	2.56%	–
RP	New	Real Page	$53,254,000	–	904,904	–	2.28%	–
JKHY	New	Jack Henry & Associates	$52,863,000	–	394,732	–	2.26%	–
RAMP	New	LiveRamp Holdings	$51,078,000	–	1,053,598	–	2.19%	–
QLYS	New	Qualys	$48,086,000	–	552,205	–	2.06%	–
GNTX	New	Gentex	$44,482,000	–	1,807,478	–	1.90%	–
CSGP	New	Costar Group	$44,364,000	–	80,070	–	1.90%	–
SEIC	New	SEI Investments	$42,696,000	–	761,068	–	1.83%	–
TRMB	New	Trimble	$37,861,000	–	839,293	–	1.62%	–
CBM	New	Cambrex	$37,303,000	–	796,906	–	1.60%	–
BLKB	New	Blackbaud	$34,088,000	–	408,237	–	1.46%	–
LOGM	New	LOGMEIN	$33,865,000	–	459,623	–	1.45%	–
MORN	New	Morningstar	$28,757,000	–	198,815	–	1.23%	–
OSUR	New	OraSure Technologies	$28,355,000	–	3,055,473	–	1.21%	–
CRL	New	Charles River Labs	$24,967,000	–	175,950	–	1.07%	–
TECH	New	Bio Techne	$21,995,000	–	105,498	–	0.94%	–
TVTY	New	Tivity Health	$21,704,000	–	1,320,177	–	0.93%	–
IPGP	New	IPG Photonic	$21,094,000	–	136,749	–	0.90%	–
ABMD	New	Abiomed	$20,921,000	–	80,313	–	0.90%	–
DORM	New	Dorman Products	$19,273,000	–	221,170	–	0.82%	–
HAE	New	Haemonetics	$19,102,000	–	158,735	–	0.82%	–
PRLB	New	Proto Labs	$16,100,000	–	138,772	–	0.69%	–
MMSI	New	Merit Medical Systems	$15,928,000	–	267,425	–	0.68%	–
HCSG	New	Healthcare Services Grp	$15,924,000	–	525,207	–	0.68%	–
ACIW	New	ACI Worldwide	$13,667,000	–	398,000	–	0.58%	–
NATI	New	National Instruments	$11,396,000	–	271,405	–	0.49%	–
ALRM	New	Alarm.Com Holdings	$9,550,000	–	178,500	–	0.41%	–
STRA	New	Strategic Education	$9,037,000	–	50,767	–	0.39%	–
CVLT	New	CommVault Systems	$8,932,000	–	180,000	–	0.38%	–
HQY	New	HealthEquity	$8,759,000	–	133,930	–	0.38%	–
DLB	New	Dolby Laboratories	$7,495,000	–	116,021	–	0.32%	–
GHM	New	Graham	$6,914,000	–	342,113	–	0.30%	–
FORR	New	Forrester Research	$6,629,000	–	140,960	–	0.28%	–
RGEN	New	Repligen	$6,232,000	–	72,510	–	0.27%	–
	New	Envestnet Conv Sr Unsecd Noteconv	$4,251,000	–	3,760,000	–	0.18%	–
WMGI	New	Wright Medical Group	$4,137,000	–	138,718	–	0.18%	–
FWRD	New	Forward Air	$3,838,000	–	64,890	–	0.16%	–
ROLL	New	RBC Bearings	$3,823,000	–	22,920	–	0.16%	–
AZPN	New	Aspen Technology	$3,545,000	–	28,522	–	0.15%	–
INGN	New	Inogen	$3,340,000	–	50,030	–	0.14%	–
PAYC	New	Paycom Software	$3,173,000	–	13,995	–	0.14%	–
MPWR	New	Monolithic Power Systems	$2,616,000	–	19,265	–	0.11%	–
HOLX	New	Hologic	$2,627,000	–	54,710	–	0.11%	–
LNN	New	Lindsay Manufacturing	$2,483,000	–	30,205	–	0.11%	–
GWRE	New	Guidewire Software	$1,930,000	–	19,035	–	0.08%	–
EPAY	New	Bottomline Technologies	$1,626,000	–	36,745	–	0.07%	–
KWR	New	Quaker Chemical	$1,420,000	–	7,000	–	0.06%	–
FELE	New	Franklin Electric	$1,263,000	–	26,600	–	0.05%	–
NEO	New	NeoGenomics	$1,066,000	–	48,590	–	0.05%	–
GLOB	New	Globant S.A.	$710,000	–	7,031	–	0.03%	–
ORLY	New	O'Reilly Automotive	$369,000	–	1,000	–	0.02%	–
EGOV	New	NIC	$275,000	–	17,155	–	0.01%	–
FFIV	New	F5 Networks	$263,000	–	1,807	–	0.01%	–
ZBRA	New	Zebra Technologies	$230,000	–	1,100	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
GLOB	Exit	Globant S.A.	$0	–	-5,221	–	-0.01%	–
EGOV	Exit	NIC	$0	–	-24,135	–	-0.02%	–
ELLI	Exit	Ellie Mae	$0	–	-4,120	–	-0.02%	–
ORLY	Exit	O'Reilly Automotive	$0	–	-1,200	–	-0.02%	–
ULTI	Exit	Ultimate Software Group	$0	–	-1,550	–	-0.02%	–
EPAY	Exit	Bottomline Technologies	$0	–	-10,440	–	-0.03%	–
KWR	Exit	Quaker Chemical	$0	–	-7,000	–	-0.06%	–
WAGE	Exit	WageWorks	$0	–	-34,175	–	-0.06%	–
PAYX	Exit	Paychex	$0	–	-27,744	–	-0.09%	–
MPWR	Exit	Monolithic Power Systems	$0	–	-16,190	–	-0.09%	–
HD	Exit	Home Depot	$0	–	-10,155	–	-0.09%	–
LNN	Exit	Lindsay Manufacturing	$0	–	-30,205	–	-0.13%	–
AZPN	Exit	Aspen Technology	$0	–	-27,835	–	-0.14%	–
FAST	Exit	Fastenal	$0	–	-56,693	–	-0.14%	–
RGEN	Exit	Repligen	$0	–	-69,715	–	-0.17%	–
WMGI	Exit	Wright Medical Group N.V.	$0	–	-135,973	–	-0.17%	–
	Exit	Envestnet Conv Sr Unsecd Noteconv	$0	–	-3,760,000	–	-0.18%	–
FFIV	Exit	F5 Networks	$0	–	-21,690	–	-0.19%	–
TECH	Exit	Bio Techne	$0	–	-21,753	–	-0.19%	–
FWRD	Exit	Forward Air	$0	–	-65,560	–	-0.21%	–
MD	Exit	Mednax	$0	–	-144,400	–	-0.30%	–
STRA	Exit	Strategic Education	$0	–	-51,259	–	-0.31%	–
OSUR	Exit	OraSure Technologies	$0	–	-458,017	–	-0.31%	–
FORR	Exit	Forrester Research	$0	–	-155,900	–	-0.31%	–
DLB	Exit	Dolby Laboratories	$0	–	-110,541	–	-0.34%	–
GHM	Exit	Graham	$0	–	-282,863	–	-0.35%	–
ZBRA	Exit	Zebra Technologies	$0	–	-49,080	–	-0.38%	–
NUVA	Exit	NuVasive	$0	–	-124,911	–	-0.39%	–
ALRM	Exit	Alarm.Com Holdings	$0	–	-164,035	–	-0.41%	–
ACIW	Exit	ACI Worldwide	$0	–	-398,000	–	-0.49%	–
BCPC	Exit	Balchem	$0	–	-101,620	–	-0.50%	–
CVLT	Exit	CommVault Systems	$0	–	-170,000	–	-0.52%	–
NATI	Exit	National Instruments	$0	–	-275,010	–	-0.58%	–
MMSI	Exit	Merit Medical Systems	$0	–	-277,995	–	-0.75%	–
QLYS	Exit	Qualys	$0	–	-224,238	–	-0.87%	–
IPGP	Exit	IPG Photonic	$0	–	-130,302	–	-0.89%	–
CSGP	Exit	Costar Group	$0	–	-48,432	–	-0.89%	–
DORM	Exit	Dorman Products	$0	–	-273,325	–	-0.92%	–
FELE	Exit	Franklin Electric	$0	–	-450,028	–	-0.93%	–
PRLB	Exit	Proto Labs	$0	–	-132,409	–	-0.94%	–
CRL	Exit	Charles River Labs	$0	–	-175,950	–	-1.04%	–
HAE	Exit	Haemonetics	$0	–	-234,200	–	-1.17%	–
LOGM	Exit	LOGMEIN	$0	–	-301,815	–	-1.18%	–
MORN	Exit	Morningstar	$0	–	-214,850	–	-1.18%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-669,193	–	-1.19%	–
BLKB	Exit	Blackbaud	$0	–	-314,757	–	-1.40%	–
TVTY	Exit	Tivity Health	$0	–	-1,111,911	–	-1.56%	–
VEEV	Exit	Veeva Systems	$0	–	-331,437	–	-1.58%	–
HOLX	Exit	Hologic	$0	–	-917,510	–	-1.64%	–
TRMB	Exit	Trimble	$0	–	-872,793	–	-1.66%	–
ANSS	Exit	ANSYS	$0	–	-244,187	–	-1.99%	–
RP	Exit	Real Page	$0	–	-727,451	–	-2.10%	–
SEIC	Exit	SEI Investments	$0	–	-798,093	–	-2.13%	–
MDSO	Exit	Medidata Solutions	$0	–	-669,649	–	-2.15%	–
CBM	Exit	Cambrex	$0	–	-722,809	–	-2.16%	–
GNTX	Exit	Gentex	$0	–	-2,395,783	–	-2.25%	–
ACXM	Exit	Acxiom Holdings	$0	–	-1,088,815	–	-2.35%	–
KRNT	Exit	Kornit Digital Ltd.	$0	–	-2,760,933	–	-2.64%	–
FDS	Exit	FactSet Research System	$0	–	-274,417	–	-2.68%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-388,910	–	-2.72%	–
NICE	Exit	NICE	$0	–	-578,540	–	-2.90%	–
VRNT	Exit	Verint Systems	$0	–	-1,479,164	–	-3.24%	–
MANH	Exit	Manhattan Associates	$0	–	-1,360,382	–	-3.25%	–
RMD	Exit	ResMed	$0	–	-644,403	–	-3.25%	–
HMSY	Exit	HMS Holdings	$0	–	-2,384,199	–	-3.42%	–
CYBR	Exit	CyberArk Software	$0	–	-1,011,389	–	-3.53%	–
CGNX	Exit	Cognex	$0	–	-1,614,324	–	-3.94%	–
ILMN	Exit	Illumina	$0	–	-252,011	–	-4.04%	–
FTNT	Exit	Fortinet	$0	–	-1,024,188	–	-4.13%	–
IDXX	Exit	IDEXX Laboratories	$0	–	-485,758	–	-5.30%	–
ICLR	Exit	ICON PLC	$0	–	-830,365	–	-5.58%	–
AVAV	Exit	AeroVironment	$0	–	-1,479,161	–	-7.25%	–

Q3 2018

			Value		Shares		↓ Weighting
AVAV	Sell	AeroVironment	$165,917,000	+37.4%	1,479,161	-12.5%	7.25%	+16.3%
ICLR	Sell	ICON PLC	$127,669,000	+16.0%	830,365	-0.0%	5.58%	-1.8%
IDXX	Sell	IDEXX Laboratories	$121,274,000	+12.6%	485,758	-1.7%	5.30%	-4.7%
FTNT	Sell	Fortinet	$94,502,000	+44.1%	1,024,188	-2.5%	4.13%	+22.0%
ILMN	Sell	Illumina	$92,503,000	+30.9%	252,011	-0.4%	4.04%	+10.8%
CGNX	Buy	Cognex	$90,112,000	+25.7%	1,614,324	+0.5%	3.94%	+6.4%
CYBR	Sell	CyberArk Software	$80,749,000	+24.5%	1,011,389	-1.9%	3.53%	+5.4%
HMSY	Sell	HMS Holdings	$78,226,000	+51.4%	2,384,199	-0.2%	3.42%	+28.2%
RMD	Buy	ResMed	$74,325,000	+11.6%	644,403	+0.2%	3.25%	-5.6%
MANH	Buy	Manhattan Associates	$74,277,000	+17.1%	1,360,382	+0.8%	3.25%	-0.9%
VRNT	Buy	Verint Systems	$74,106,000	+14.5%	1,479,164	+1.3%	3.24%	-3.1%
NICE	Buy	NICE	$66,225,000	+10.6%	578,540	+0.2%	2.90%	-6.4%
JKHY	Buy	Jack Henry & Associates	$62,257,000	+22.9%	388,910	+0.1%	2.72%	+4.1%
FDS	Sell	FactSet Research System	$61,390,000	+12.6%	274,417	-0.3%	2.68%	-4.7%
KRNT	Buy	Kornit Digital Ltd.	$60,464,000	+25.5%	2,760,933	+2.0%	2.64%	+6.2%
ACXM	Buy	Acxiom Holdings	$53,798,000	+65.3%	1,088,815	+0.2%	2.35%	+39.9%
GNTX	Buy	Gentex	$51,414,000	-6.7%	2,395,783	+0.1%	2.25%	-21.0%
CBM	Buy	Cambrex	$49,440,000	+31.2%	722,809	+0.3%	2.16%	+11.0%
MDSO	Buy	Medidata Solutions	$49,092,000	-6.0%	669,649	+3.3%	2.15%	-20.5%
SEIC	Sell	SEI Investments	$48,763,000	-9.9%	798,093	-7.8%	2.13%	-23.7%
RP	Buy	Real Page	$47,939,000	+21.3%	727,451	+1.5%	2.10%	+2.7%
ANSS	Buy	ANSYS	$45,585,000	+7.4%	244,187	+0.2%	1.99%	-9.1%
TRMB	Buy	Trimble	$37,932,000	+32.8%	872,793	+0.3%	1.66%	+12.4%
HOLX	Sell	Hologic	$37,600,000	-20.2%	917,510	-22.6%	1.64%	-32.4%
VEEV	Buy	Veeva Systems	$36,084,000	+44.4%	331,437	+1.9%	1.58%	+22.2%
TVTY	Buy	Tivity Health	$35,748,000	-8.3%	1,111,911	+0.4%	1.56%	-22.3%
BLKB	Buy	Blackbaud	$31,942,000	-0.0%	314,757	+0.9%	1.40%	-15.4%
HCSG	Sell	Healthcare Services Grp	$27,183,000	-6.2%	669,193	-0.3%	1.19%	-20.6%
MORN	Buy	Morningstar	$27,050,000	-1.7%	214,850	+0.1%	1.18%	-16.9%
LOGM	Buy	LOGMEIN	$26,892,000	+13018.0%	301,815	+15066.6%	1.18%	+10590.9%
PRLB	Sell	Proto Labs	$21,417,000	+33.8%	132,409	-1.6%	0.94%	+13.3%
FELE	Sell	Franklin Electric	$21,264,000	-0.4%	450,028	-4.9%	0.93%	-15.6%
DORM	Sell	Dorman Products	$21,024,000	+12.6%	273,325	-0.0%	0.92%	-4.7%
CSGP	Buy	Costar Group	$20,382,000	+2.4%	48,432	+0.4%	0.89%	-13.3%
IPGP	Sell	IPG Photonic	$20,336,000	-29.3%	130,302	-0.1%	0.89%	-40.2%
QLYS	Buy	Qualys	$19,980,000	+8.1%	224,238	+2.3%	0.87%	-8.5%
NATI	Buy	National Instruments	$13,291,000	+15.8%	275,010	+0.6%	0.58%	-2.0%
BCPC	Sell	Balchem	$11,391,000	+13.3%	101,620	-0.8%	0.50%	-4.0%
ALRM	Buy	Alarm.Com Holdings	$9,416,000	+43.2%	164,035	+0.7%	0.41%	+21.2%
NUVA	Sell	NuVasive	$8,866,000	+34.5%	124,911	-1.2%	0.39%	+14.1%
ZBRA	Sell	Zebra Technologies	$8,679,000	-46.3%	49,080	-56.5%	0.38%	-54.6%
GHM	Buy	Graham	$7,968,000	+22.6%	282,863	+12.4%	0.35%	+3.6%
DLB	Buy	Dolby Laboratories	$7,735,000	+14.6%	110,541	+1.0%	0.34%	-3.2%
FORR	Sell	Forrester Research	$7,156,000	+8.3%	155,900	-1.0%	0.31%	-8.2%
OSUR	Buy	OraSure Technologies	$7,076,000	+112.8%	458,017	+126.9%	0.31%	+79.7%
STRA	New	Strategic Education	$7,024,000	–	51,259	–	0.31%	–
MD	Sell	Mednax	$6,738,000	+7.8%	144,400	-0.0%	0.30%	-8.7%
FWRD	Buy	Forward Air	$4,701,000	+21.6%	65,560	+0.2%	0.21%	+3.0%
TECH	Buy	Bio Techne	$4,440,000	+38.7%	21,753	+0.5%	0.19%	+17.6%
FFIV	Buy	F5 Networks	$4,325,000	+15.8%	21,690	+0.1%	0.19%	-2.1%
WMGI	Buy	Wright Medical Group N.V.	$3,946,000	+12.2%	135,973	+0.4%	0.17%	-5.5%
RGEN	New	Repligen	$3,866,000	–	69,715	–	0.17%	–
FAST	Sell	Fastenal	$3,289,000	-4.3%	56,693	-20.6%	0.14%	-18.6%
AZPN	Buy	Aspen Technology	$3,171,000	+22.9%	27,835	+0.0%	0.14%	+4.5%
HD	Sell	Home Depot	$2,104,000	-17.3%	10,155	-22.1%	0.09%	-29.8%
PAYX	Sell	Paychex	$2,043,000	-5.8%	27,744	-12.5%	0.09%	-20.5%
MPWR	Buy	Monolithic Power Systems	$2,032,000	-5.0%	16,190	+1.1%	0.09%	-19.8%
WAGE	Buy	WageWorks	$1,461,000	+15.6%	34,175	+35.2%	0.06%	-1.5%
EPAY	Sell	Bottomline Technologies	$759,000	+39.5%	10,440	-4.4%	0.03%	+17.9%
ELLI	Buy	Ellie Mae	$390,000	-7.6%	4,120	+1.5%	0.02%	-22.7%
EGOV	Sell	NIC	$357,000	-9.4%	24,135	-4.8%	0.02%	-20.0%
GLOB	Buy	Globant S.A.	$308,000	+5.8%	5,221	+1.9%	0.01%	-13.3%
CPSI	Exit	Computer Programs & Systems	$0	–	-7,350	–	-0.01%	–
FNGN	Exit	Financial Engines	$0	–	-5,205	–	-0.01%	–
CPLA	Exit	Capella Education	$0	–	-49,400	–	-0.25%	–

Q2 2018

			Value		Shares		↓ Weighting
AVAV	New	AeroVironment	$120,773,000	–	1,690,795	–	6.24%	–
ICLR	New	ICON PLC	$110,094,000	–	830,707	–	5.68%	–
IDXX	New	IDEXX Laboratories	$107,727,000	–	494,297	–	5.56%	–
CGNX	New	Cognex	$71,690,000	–	1,607,036	–	3.70%	–
ILMN	New	Illumina	$70,661,000	–	253,003	–	3.65%	–
RMD	New	ResMed	$66,625,000	–	643,218	–	3.44%	–
FTNT	New	Fortinet	$65,569,000	–	1,050,283	–	3.39%	–
CYBR	New	CyberArk Software	$64,879,000	–	1,030,478	–	3.35%	–
VRNT	New	Verint Systems	$64,734,000	–	1,459,609	–	3.34%	–
MANH	New	Manhattan Associates	$63,417,000	–	1,349,002	–	3.28%	–
NICE	New	NICE	$59,904,000	–	577,272	–	3.09%	–
GNTX	New	Gentex	$55,084,000	–	2,392,874	–	2.84%	–
FDS	New	FactSet Research System	$54,533,000	–	275,279	–	2.82%	–
SEIC	New	SEI Investments	$54,108,000	–	865,448	–	2.79%	–
MDSO	New	Medidata Solutions	$52,244,000	–	648,513	–	2.70%	–
HMSY	New	HMS Holdings	$51,660,000	–	2,389,449	–	2.67%	–
JKHY	New	Jack Henry & Associates	$50,645,000	–	388,500	–	2.62%	–
KRNT	New	Kornit Digital Ltd.	$48,179,000	–	2,706,703	–	2.49%	–
HOLX	New	Hologic	$47,098,000	–	1,184,850	–	2.43%	–
ANSS	New	ANSYS	$42,449,000	–	243,709	–	2.19%	–
RP	New	Real Page	$39,505,000	–	716,961	–	2.04%	–
TVTY	New	Tivity Health	$38,969,000	–	1,107,071	–	2.01%	–
CBM	New	Cambrex	$37,681,000	–	720,476	–	1.95%	–
ACXM	New	Acxiom	$32,548,000	–	1,086,755	–	1.68%	–
BLKB	New	Blackbaud	$31,950,000	–	311,864	–	1.65%	–
HCSG	New	Healthcare Services Grp	$28,994,000	–	671,316	–	1.50%	–
IPGP	New	IPG Photonic	$28,777,000	–	130,432	–	1.49%	–
TRMB	New	Trimble	$28,567,000	–	869,873	–	1.48%	–
MORN	New	Morningstar	$27,531,000	–	214,670	–	1.42%	–
VEEV	New	Veeva Systems	$24,987,000	–	325,103	–	1.29%	–
FELE	New	Franklin Electric	$21,343,000	–	473,247	–	1.10%	–
HAE	New	Haemonetics	$21,003,000	–	234,200	–	1.08%	–
CSGP	New	Costar Group	$19,904,000	–	48,238	–	1.03%	–
CRL	New	Charles River Labs	$19,752,000	–	175,950	–	1.02%	–
DORM	New	Dorman Products	$18,678,000	–	273,427	–	0.96%	–
QLYS	New	Qualys	$18,478,000	–	219,193	–	0.95%	–
ZBRA	New	Zebra Technologies	$16,177,000	–	112,930	–	0.84%	–
PRLB	New	Proto Labs	$16,003,000	–	134,539	–	0.83%	–
MMSI	New	Merit Medical Systems	$14,233,000	–	277,995	–	0.74%	–
NATI	New	National Instruments	$11,478,000	–	273,415	–	0.59%	–
CVLT	New	CommVault Systems	$11,194,000	–	170,000	–	0.58%	–
BCPC	New	Balchem	$10,051,000	–	102,410	–	0.52%	–
ACIW	New	ACI Worldwide	$9,819,000	–	398,000	–	0.51%	–
DLB	New	Dolby Laboratories	$6,752,000	–	109,446	–	0.35%	–
FORR	New	Forrester Research	$6,609,000	–	157,550	–	0.34%	–
NUVA	New	NuVasive	$6,592,000	–	126,485	–	0.34%	–
ALRM	New	Alarm.Com Holdings	$6,575,000	–	162,830	–	0.34%	–
GHM	New	Graham	$6,498,000	–	251,763	–	0.34%	–
MD	New	Mednax	$6,252,000	–	144,460	–	0.32%	–
CPLA	New	Capella Education	$4,876,000	–	49,400	–	0.25%	–
	New	Envestnet Conv Sr Unsecd Noteconv	$3,950,000	–	3,760,000	–	0.20%	–
FWRD	New	Forward Air	$3,867,000	–	65,460	–	0.20%	–
FFIV	New	F5 Networks	$3,735,000	–	21,660	–	0.19%	–
WMGI	New	Wright Medical Group N.V.	$3,516,000	–	135,428	–	0.18%	–
FAST	New	Fastenal	$3,435,000	–	71,378	–	0.18%	–
OSUR	New	OraSure Technologies	$3,325,000	–	201,890	–	0.17%	–
TECH	New	Bio Techne	$3,202,000	–	21,643	–	0.16%	–
LNN	New	Lindsay Manufacturing	$2,930,000	–	30,205	–	0.15%	–
AZPN	New	Aspen Technology	$2,581,000	–	27,831	–	0.13%	–
HD	New	Home Depot	$2,544,000	–	13,037	–	0.13%	–
PAYX	New	Paychex	$2,168,000	–	31,723	–	0.11%	–
MPWR	New	Monolithic Power Systems	$2,140,000	–	16,010	–	0.11%	–
WAGE	New	WageWorks	$1,264,000	–	25,285	–	0.06%	–
KWR	New	Quaker Chemical	$1,084,000	–	7,000	–	0.06%	–
EPAY	New	Bottomline Technologies	$544,000	–	10,920	–	0.03%	–
ELLI	New	Ellie Mae	$422,000	–	4,060	–	0.02%	–
ULTI	New	Ultimate Software Group	$399,000	–	1,550	–	0.02%	–
EGOV	New	NIC	$394,000	–	25,355	–	0.02%	–
ORLY	New	O'Reilly Automotive	$328,000	–	1,200	–	0.02%	–
GLOB	New	Globant S.A.	$291,000	–	5,126	–	0.02%	–
CPSI	New	Computer Programs & Systems	$242,000	–	7,350	–	0.01%	–
FNGN	New	Financial Engines	$234,000	–	5,205	–	0.01%	–
LOGM	New	LOGMEIN	$205,000	–	1,990	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
LOGM	Exit	LOGMEIN	$0	–	-1,840	–	-0.01%	–
IDSY	Exit	ID Systems	$0	–	-32,000	–	-0.02%	–
ORLY	Exit	O'Reilly Automotive	$0	–	-1,200	–	-0.02%	–
GLOB	Exit	Globant S.A.	$0	–	-6,270	–	-0.02%	–
FRT	Exit	Federal Realty Invt Tr	$0	–	-2,325	–	-0.02%	–
NTUS	Exit	Natus Medical	$0	–	-8,770	–	-0.02%	–
WAGE	Exit	WageWorks	$0	–	-11,670	–	-0.04%	–
CPSI	Exit	Computer Programs & Systems	$0	–	-24,220	–	-0.04%	–
ECL	Exit	Ecolab	$0	–	-6,593	–	-0.05%	–
GOOG	Exit	Alphabet Class C	$0	–	-942	–	-0.06%	–
SPY	Exit	Spdr S&P 500 Series 1	$0	–	-4,000	–	-0.06%	–
KWR	Exit	Quaker Chemical	$0	–	-7,000	–	-0.06%	–
SRCL	Exit	Stericycle	$0	–	-15,274	–	-0.07%	–
TECH	Exit	Bio Techne	$0	–	-9,603	–	-0.07%	–
GHM	Exit	Graham	$0	–	-62,878	–	-0.08%	–
QLYS	Exit	Qualys	$0	–	-26,300	–	-0.08%	–
BCPC	Exit	Balchem	$0	–	-17,030	–	-0.09%	–
GOOGL	Exit	Alphabet Class A	$0	–	-1,658	–	-0.10%	–
AZPN	Exit	Aspen Technology	$0	–	-28,280	–	-0.11%	–
AZO	Exit	Autozone	$0	–	-4,394	–	-0.16%	–
PAYX	Exit	Paychex	$0	–	-44,634	–	-0.17%	–
LNN	Exit	Lindsay Manufacturing	$0	–	-30,205	–	-0.17%	–
WMGI	Exit	Wright Medical Group N.V.	$0	–	-107,467	–	-0.17%	–
GILD	Exit	Gilead Sciences	$0	–	-39,546	–	-0.20%	–
CPLA	Exit	Capella Education	$0	–	-46,170	–	-0.20%	–
HD	Exit	Home Depot	$0	–	-20,491	–	-0.21%	–
FFIV	Exit	F5 Networks	$0	–	-30,430	–	-0.23%	–
SCOR	Exit	ComScore	$0	–	-129,398	–	-0.23%	–
NATI	Exit	National Instruments	$0	–	-95,995	–	-0.25%	–
FNGN	Exit	Financial Engines	$0	–	-119,510	–	-0.26%	–
	Exit	Envestnet Conv Sr Unsecd Noteconv	$0	–	-4,000,000	–	-0.26%	–
FWRD	Exit	Forward Air	$0	–	-74,375	–	-0.27%	–
CVLT	Exit	CommVault Systems	$0	–	-80,000	–	-0.30%	–
FAST	Exit	Fastenal	$0	–	-119,737	–	-0.34%	–
ACIW	Exit	ACI Worldwide	$0	–	-398,000	–	-0.57%	–
	Exit	Albany Molecular Research Convconv	$0	–	-6,400,000	–	-0.57%	–
NUVA	Exit	NuVasive	$0	–	-168,919	–	-0.59%	–
MD	Exit	Mednax	$0	–	-249,120	–	-0.67%	–
PRLB	Exit	Proto Labs	$0	–	-134,301	–	-0.67%	–
ACXM	Exit	Acxiom	$0	–	-460,500	–	-0.71%	–
MMSI	Exit	Merit Medical Systems	$0	–	-275,245	–	-0.73%	–
CSGP	Exit	Costar Group	$0	–	-49,681	–	-0.83%	–
CRL	Exit	Charles River Labs	$0	–	-147,900	–	-1.00%	–
RP	Exit	Real Page	$0	–	-412,407	–	-1.03%	–
KRNT	Exit	Kornit Digital Ltd.	$0	–	-1,089,968	–	-1.04%	–
FORR	Exit	Forrester Research	$0	–	-401,752	–	-1.05%	–
MORN	Exit	Morningstar	$0	–	-203,905	–	-1.08%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-326,274	–	-1.10%	–
HAE	Exit	Haemonetics	$0	–	-427,496	–	-1.20%	–
FELE	Exit	Franklin Electric	$0	–	-459,655	–	-1.29%	–
DORM	Exit	Dorman Products	$0	–	-309,270	–	-1.38%	–
BLKB	Exit	Blackbaud	$0	–	-264,240	–	-1.45%	–
IPGP	Exit	IPG Photonic	$0	–	-142,415	–	-1.65%	–
ANSS	Exit	ANSYS	$0	–	-218,822	–	-1.68%	–
MDSO	Exit	Medidata Solutions	$0	–	-357,643	–	-1.74%	–
ZBRA	Exit	Zebra Technologies	$0	–	-273,080	–	-1.85%	–
CBM	Exit	Cambrex	$0	–	-564,948	–	-1.94%	–
TRMB	Exit	Trimble	$0	–	-802,402	–	-1.97%	–
FTNT	Exit	Fortinet	$0	–	-937,560	–	-2.10%	–
CYBR	Exit	CyberArk Software	$0	–	-900,460	–	-2.31%	–
TVTY	Exit	Tivity Health	$0	–	-927,828	–	-2.37%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-381,614	–	-2.45%	–
HOLX	Exit	Hologic	$0	–	-1,156,434	–	-2.65%	–
ABCO	Exit	Advisory Board	$0	–	-807,918	–	-2.71%	–
NICE	Exit	NICE	$0	–	-563,692	–	-2.86%	–
GNTX	Exit	Gentex	$0	–	-2,423,813	–	-3.00%	–
VRNT	Exit	Verint Systems	$0	–	-1,150,365	–	-3.01%	–
GIMO	Exit	Gigamon	$0	–	-1,145,067	–	-3.02%	–
ILMN	Exit	Illumina	$0	–	-247,710	–	-3.08%	–
HMSY	Exit	HMS Holdings	$0	–	-2,523,953	–	-3.13%	–
RMD	Exit	ResMed	$0	–	-653,722	–	-3.14%	–
FDS	Exit	FactSet Research System	$0	–	-279,884	–	-3.15%	–
SEIC	Exit	SEI Investments	$0	–	-845,890	–	-3.23%	–
MANH	Exit	Manhattan Associates	$0	–	-1,407,477	–	-3.66%	–
AVAV	Exit	AeroVironment	$0	–	-1,304,352	–	-4.41%	–
IDXX	Exit	IDEXX Laboratories	$0	–	-517,123	–	-5.03%	–
ICLR	Exit	ICON PLC	$0	–	-826,205	–	-5.88%	–
CGNX	Exit	Cognex	$0	–	-948,864	–	-6.54%	–

Q3 2017

			Value		Shares		↓ Weighting
CGNX	Sell	Cognex	$104,641,000	+26.1%	948,864	-2.9%	6.54%	+22.2%
ICLR	Sell	ICON PLC	$94,088,000	+15.6%	826,205	-0.7%	5.88%	+12.0%
IDXX	Sell	IDEXX Laboratories	$80,407,000	-4.1%	517,123	-0.4%	5.03%	-7.0%
AVAV	Buy	AeroVironment	$70,592,000	+42.2%	1,304,352	+0.4%	4.41%	+37.8%
MANH	Buy	Manhattan Associates	$58,509,000	-11.1%	1,407,477	+2.8%	3.66%	-13.9%
SEIC	Buy	SEI Investments	$51,650,000	+14.4%	845,890	+0.8%	3.23%	+10.8%
FDS	Buy	FactSet Research System	$50,410,000	+9.1%	279,884	+0.6%	3.15%	+5.7%
RMD	Buy	ResMed	$50,310,000	-0.5%	653,722	+0.7%	3.14%	-3.6%
HMSY	Buy	HMS Holdings	$50,126,000	+8.6%	2,523,953	+1.2%	3.13%	+5.2%
ILMN	Sell	Illumina	$49,344,000	+11.0%	247,710	-3.3%	3.08%	+7.6%
GIMO	Buy	Gigamon	$48,265,000	+10.2%	1,145,067	+2.9%	3.02%	+6.8%
VRNT	Buy	Verint Systems	$48,143,000	+23.3%	1,150,365	+19.9%	3.01%	+19.5%
GNTX	Buy	Gentex	$47,991,000	+6.2%	2,423,813	+1.7%	3.00%	+2.9%
NICE	Buy	NICE	$45,834,000	+4.2%	563,692	+0.9%	2.86%	+1.0%
ABCO	Sell	Advisory Board	$43,325,000	+3.5%	807,918	-0.6%	2.71%	+0.3%
HOLX	Buy	Hologic	$42,430,000	-18.9%	1,156,434	+0.2%	2.65%	-21.5%
JKHY	Sell	Jack Henry & Associates	$39,226,000	-1.4%	381,614	-0.4%	2.45%	-4.5%
TVTY	Buy	Tivity Health	$37,855,000	+2.6%	927,828	+0.2%	2.37%	-0.5%
CYBR	Buy	CyberArk Software	$36,919,000	+22.6%	900,460	+49.4%	2.31%	+18.8%
FTNT	Buy	Fortinet	$33,602,000	+6.2%	937,560	+10.9%	2.10%	+2.8%
TRMB	Buy	Trimble	$31,494,000	+10.8%	802,402	+0.7%	1.97%	+7.4%
CBM	Buy	Cambrex	$31,072,000	+2.8%	564,948	+11.6%	1.94%	-0.4%
ZBRA	Sell	Zebra Technologies	$29,651,000	+6.8%	273,080	-1.1%	1.85%	+3.5%
MDSO	Buy	Medidata Solutions	$27,918,000	+1.0%	357,643	+1.2%	1.74%	-2.1%
ANSS	Buy	ANSYS	$26,856,000	+1.9%	218,822	+1.1%	1.68%	-1.2%
IPGP	Sell	IPG Photonic	$26,355,000	+26.9%	142,415	-0.5%	1.65%	+22.9%
BLKB	Buy	Blackbaud	$23,200,000	+4.1%	264,240	+1.7%	1.45%	+0.8%
DORM	Buy	Dorman Products	$22,150,000	-12.8%	309,270	+0.7%	1.38%	-15.6%
FELE	Buy	Franklin Electric	$20,616,000	+8.9%	459,655	+0.5%	1.29%	+5.5%
HAE	Sell	Haemonetics	$19,182,000	+10.5%	427,496	-2.7%	1.20%	+7.1%
HCSG	Buy	Healthcare Services Grp	$17,609,000	+16.4%	326,274	+1.0%	1.10%	+12.8%
MORN	Buy	Morningstar	$17,330,000	+8.5%	203,905	+0.1%	1.08%	+5.1%
KRNT	New	Kornit Digital Ltd.	$16,677,000	–	1,089,968	–	1.04%	–
RP	Buy	Real Page	$16,455,000	+59.1%	412,407	+43.3%	1.03%	+54.1%
CSGP	Buy	Costar Group	$13,327,000	+3.7%	49,681	+1.9%	0.83%	+0.5%
MMSI	Sell	Merit Medical Systems	$11,657,000	+9.7%	275,245	-1.2%	0.73%	+6.3%
ACXM	Buy	Acxiom	$11,347,000	+9.9%	460,500	+15.8%	0.71%	+6.5%
PRLB	Buy	Proto Labs	$10,784,000	+21.4%	134,301	+1.7%	0.67%	+17.6%
MD	Sell	Mednax	$10,742,000	-28.7%	249,120	-0.1%	0.67%	-30.9%
NUVA	Buy	NuVasive	$9,368,000	+1705.0%	168,919	+2402.5%	0.59%	+1675.8%
FAST	Sell	Fastenal	$5,458,000	-5.0%	119,737	-9.3%	0.34%	-8.1%
FWRD	Sell	Forward Air	$4,256,000	+7.3%	74,375	-0.1%	0.27%	+3.9%
FNGN	New	Financial Engines	$4,153,000	–	119,510	–	0.26%	–
SCOR	Sell	ComScore	$3,720,000	+9.3%	129,398	-0.2%	0.23%	+6.4%
FFIV	Buy	F5 Networks	$3,669,000	-4.4%	30,430	+0.8%	0.23%	-7.7%
HD	Sell	Home Depot	$3,352,000	-7.2%	20,491	-12.9%	0.21%	-9.9%
CPLA	Buy	Capella Education	$3,239,000	-17.7%	46,170	+0.4%	0.20%	-20.5%
GILD	Sell	Gilead Sciences	$3,204,000	+9.6%	39,546	-4.2%	0.20%	+5.8%
WMGI	Buy	Wright Medical Group N.V.	$2,780,000	+75.8%	107,467	+86.8%	0.17%	+70.6%
PAYX	Sell	Paychex	$2,676,000	-22.9%	44,634	-26.8%	0.17%	-25.4%
AZO	Sell	Autozone	$2,615,000	-10.9%	4,394	-14.6%	0.16%	-13.8%
GOOGL	Sell	Alphabet Class A	$1,614,000	-21.0%	1,658	-24.6%	0.10%	-23.5%
BCPC	New	Balchem	$1,384,000	–	17,030	–	0.09%	–
QLYS	Buy	Qualys	$1,362,000	+29.3%	26,300	+1.9%	0.08%	+25.0%
GHM	Buy	Graham	$1,310,000	+38.3%	62,878	+30.5%	0.08%	+34.4%
TECH	Buy	Bio Techne	$1,161,000	+4.0%	9,603	+1.1%	0.07%	+1.4%
SRCL	Sell	Stericycle	$1,094,000	-6.2%	15,274	-0.0%	0.07%	-9.3%
KWR	Sell	Quaker Chemical	$1,036,000	-38.0%	7,000	-39.1%	0.06%	-39.8%
SPY	Sell	Spdr S&P 500 Series 1	$1,005,000	-28.0%	4,000	-30.7%	0.06%	-30.0%
GOOG	Sell	Alphabet Class C	$903,000	-17.3%	942	-21.6%	0.06%	-20.0%
ECL	Sell	Ecolab	$848,000	-30.7%	6,593	-28.5%	0.05%	-32.9%
WAGE	New	WageWorks	$708,000	–	11,670	–	0.04%	–
NTUS	Buy	Natus Medical	$329,000	+7.2%	8,770	+6.6%	0.02%	+5.0%
FRT	Sell	Federal Realty Invt Tr	$289,000	-40.2%	2,325	-39.2%	0.02%	-41.9%
GLOB	New	Globant S.A.	$251,000	–	6,270	–	0.02%	–
IDSY	Sell	ID Systems	$240,000	+5.7%	32,000	-13.5%	0.02%	0.0%
RBA	Exit	Ritchie Bros. Auctioneers	$0	–	-7,200	–	-0.01%	–
XOM	Exit	Exxon Mobil	$0	–	-2,710	–	-0.01%	–
BRKB	Exit	Berkshire Hathaway New Cl B	$0	–	-1,500	–	-0.02%	–
GWR	Exit	Genesee & Wyoming Class A	$0	–	-8,100	–	-0.04%	–
WOOF	Exit	VCA Antech	$0	–	-12,800	–	-0.08%	–
HURN	Exit	Huron Consulting Grp	$0	–	-40,899	–	-0.11%	–
	Exit	WebMD Health Conv Sr Notesconv	$0	–	-3,555,000	–	-0.24%	–
ABAX	Exit	Abaxis	$0	–	-80,000	–	-0.27%	–
	Exit	NuVasive Conv Sr Notesconv	$0	–	-11,800,000	–	-1.41%	–
AMRI	Exit	Albany Molecular Research	$0	–	-2,577,470	–	-3.61%	–

Q2 2017

			Value		Shares		↓ Weighting
IDXX	New	IDEXX Laboratories	$83,823,000	–	519,288	–	5.41%	–
CGNX	New	Cognex	$82,982,000	–	977,404	–	5.35%	–
ICLR	New	ICON PLC	$81,390,000	–	832,290	–	5.25%	–
MANH	New	Manhattan Associates	$65,826,000	–	1,369,664	–	4.25%	–
AMRI	New	Albany Molecular Research	$55,931,000	–	2,577,470	–	3.61%	–
HOLX	New	Hologic	$52,350,000	–	1,153,589	–	3.38%	–
RMD	New	ResMed	$50,568,000	–	649,384	–	3.26%	–
AVAV	New	AeroVironment	$49,627,000	–	1,299,133	–	3.20%	–
FDS	New	FactSet Research System	$46,211,000	–	278,079	–	2.98%	–
HMSY	New	HMS Holdings	$46,148,000	–	2,494,506	–	2.98%	–
GNTX	New	Gentex	$45,205,000	–	2,382,988	–	2.92%	–
SEIC	New	SEI Investments	$45,149,000	–	839,520	–	2.91%	–
ILMN	New	Illumina	$44,441,000	–	256,115	–	2.87%	–
NICE	New	NICE	$43,987,000	–	558,782	–	2.84%	–
GIMO	New	Gigamon	$43,798,000	–	1,113,040	–	2.82%	–
ABCO	New	Advisory Board	$41,842,000	–	812,471	–	2.70%	–
JKHY	New	Jack Henry & Associates	$39,798,000	–	383,149	–	2.57%	–
VRNT	New	Verint Systems	$39,053,000	–	959,535	–	2.52%	–
TVTY	New	Tivity Health	$36,883,000	–	925,548	–	2.38%	–
FTNT	New	Fortinet	$31,647,000	–	845,270	–	2.04%	–
CBM	New	Cambrex	$30,235,000	–	506,033	–	1.95%	–
CYBR	New	CyberArk Software	$30,104,000	–	602,675	–	1.94%	–
TRMB	New	Trimble	$28,418,000	–	796,702	–	1.83%	–
ZBRA	New	Zebra Technologies	$27,752,000	–	276,080	–	1.79%	–
MDSO	New	Medidata Solutions	$27,645,000	–	353,516	–	1.78%	–
ANSS	New	ANSYS	$26,347,000	–	216,527	–	1.70%	–
DORM	New	Dorman Products	$25,411,000	–	307,010	–	1.64%	–
BLKB	New	Blackbaud	$22,289,000	–	259,935	–	1.44%	–
	New	NuVasive Conv Sr Notesconv	$21,793,000	–	11,800,000	–	1.41%	–
IPGP	New	IPG Photonic	$20,769,000	–	143,135	–	1.34%	–
FELE	New	Franklin Electric	$18,937,000	–	457,420	–	1.22%	–
HAE	New	Haemonetics	$17,352,000	–	439,396	–	1.12%	–
MORN	New	Morningstar	$15,965,000	–	203,795	–	1.03%	–
FORR	New	Forrester Research	$15,729,000	–	401,752	–	1.02%	–
HCSG	New	Healthcare Services Grp	$15,124,000	–	322,949	–	0.98%	–
MD	New	Mednax	$15,057,000	–	249,420	–	0.97%	–
CRL	New	Charles River Labs	$14,960,000	–	147,900	–	0.96%	–
CSGP	New	Costar Group	$12,856,000	–	48,771	–	0.83%	–
MMSI	New	Merit Medical Systems	$10,628,000	–	278,575	–	0.69%	–
RP	New	Real Page	$10,343,000	–	287,705	–	0.67%	–
ACXM	New	Acxiom	$10,327,000	–	397,500	–	0.67%	–
	New	Albany Molecular Research Convconv	$9,112,000	–	6,400,000	–	0.59%	–
ACIW	New	ACI Worldwide	$8,903,000	–	398,000	–	0.57%	–
PRLB	New	Proto Labs	$8,881,000	–	132,061	–	0.57%	–
FAST	New	Fastenal	$5,745,000	–	131,967	–	0.37%	–
CVLT	New	CommVault Systems	$4,516,000	–	80,000	–	0.29%	–
ABAX	New	Abaxis	$4,242,000	–	80,000	–	0.27%	–
FWRD	New	Forward Air	$3,968,000	–	74,475	–	0.26%	–
CPLA	New	Capella Education	$3,935,000	–	45,970	–	0.25%	–
	New	Envestnet Conv Sr Unsecd Noteconv	$3,933,000	–	4,000,000	–	0.25%	–
NATI	New	National Instruments	$3,861,000	–	95,995	–	0.25%	–
FFIV	New	F5 Networks	$3,837,000	–	30,195	–	0.25%	–
	New	WebMD Health Conv Sr Notesconv	$3,664,000	–	3,555,000	–	0.24%	–
HD	New	Home Depot	$3,611,000	–	23,539	–	0.23%	–
PAYX	New	Paychex	$3,473,000	–	60,999	–	0.22%	–
SCOR	New	ComScore	$3,402,000	–	129,598	–	0.22%	–
AZO	New	Autozone	$2,934,000	–	5,143	–	0.19%	–
GILD	New	Gilead Sciences	$2,923,000	–	41,300	–	0.19%	–
LNN	New	Lindsay Manufacturing	$2,696,000	–	30,205	–	0.17%	–
GOOGL	New	Alphabet Class A	$2,043,000	–	2,198	–	0.13%	–
HURN	New	Huron Consulting Grp	$1,767,000	–	40,899	–	0.11%	–
KWR	New	Quaker Chemical	$1,670,000	–	11,500	–	0.11%	–
WMGI	New	Wright Medical Group N.V.	$1,581,000	–	57,524	–	0.10%	–
AZPN	New	Aspen Technology	$1,563,000	–	28,280	–	0.10%	–
SPY	New	Spdr S&P 500 Series 1	$1,395,000	–	5,770	–	0.09%	–
ECL	New	Ecolab	$1,224,000	–	9,218	–	0.08%	–
WOOF	New	VCA Antech	$1,182,000	–	12,800	–	0.08%	–
SRCL	New	Stericycle	$1,166,000	–	15,275	–	0.08%	–
TECH	New	Bio Techne	$1,116,000	–	9,500	–	0.07%	–
GOOG	New	Alphabet Class C	$1,092,000	–	1,202	–	0.07%	–
QLYS	New	Qualys	$1,053,000	–	25,815	–	0.07%	–
GHM	New	Graham	$947,000	–	48,178	–	0.06%	–
CPSI	New	Computer Programs & Systems	$794,000	–	24,220	–	0.05%	–
GWR	New	Genesee & Wyoming Class A	$554,000	–	8,100	–	0.04%	–
NUVA	New	NuVasive	$519,000	–	6,750	–	0.03%	–
FRT	New	Federal Realty Invt Tr	$483,000	–	3,825	–	0.03%	–
NTUS	New	Natus Medical	$307,000	–	8,230	–	0.02%	–
ORLY	New	O'Reilly Automotive	$262,000	–	1,200	–	0.02%	–
BRKB	New	Berkshire Hathaway New Cl B	$254,000	–	1,500	–	0.02%	–
IDSY	New	ID Systems	$227,000	–	37,000	–	0.02%	–
XOM	New	Exxon Mobil	$219,000	–	2,710	–	0.01%	–
LOGM	New	LOGMEIN	$203,000	–	1,840	–	0.01%	–
RBA	New	Ritchie Bros. Auctioneers	$207,000	–	7,200	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
	Exit	Hanhua Finl Hldg	$0	–	-22,000	–	-0.00%	–
	Exit	Far East Horizon Ltd	$0	–	-11,000	–	-0.01%	–
	Exit	SITC International Holdings Co	$0	–	-19,000	–	-0.01%	–
GHM	Exit	Graham	$0	–	-10,660	–	-0.02%	–
POOL	Exit	Pool	$0	–	-2,150	–	-0.02%	–
GE	Exit	General Electric	$0	–	-8,480	–	-0.02%	–
BRKB	Exit	Berkshire Hathaway New Cl B	$0	–	-1,754	–	-0.02%	–
IDSY	Exit	ID Systems	$0	–	-69,200	–	-0.03%	–
XOM	Exit	Exxon Mobil	$0	–	-4,020	–	-0.03%	–
AAPL	Exit	Apple	$0	–	-3,325	–	-0.03%	–
BMY	Exit	Bristol Myers	$0	–	-7,400	–	-0.03%	–
NUVA	Exit	NuVasive	$0	–	-6,950	–	-0.04%	–
IXN	Exit	IShares Global Tech	$0	–	-5,350	–	-0.04%	–
GWR	Exit	Genesee & Wyoming Class A	$0	–	-10,800	–	-0.06%	–
EPAC	Exit	Actuant	$0	–	-35,363	–	-0.06%	–
VIVO	Exit	Meridian Bioscience	$0	–	-42,510	–	-0.06%	–
TECH	Exit	Bio Techne	$0	–	-8,025	–	-0.07%	–
WOOF	Exit	VCA Antech	$0	–	-13,200	–	-0.07%	–
CPSI	Exit	Computer Programs & Systems	$0	–	-44,070	–	-0.09%	–
AZPN	Exit	Aspen Technology	$0	–	-25,220	–	-0.09%	–
WMGI	Exit	Wright Medical Group N.V.	$0	–	-51,965	–	-0.10%	–
GOOG	Exit	Alphabet Class C	$0	–	-1,807	–	-0.11%	–
CERN	Exit	Cerner	$0	–	-26,750	–	-0.13%	–
CPLA	Exit	Capella Education	$0	–	-36,030	–	-0.16%	–
LLTC	Exit	Linear Tech	$0	–	-36,700	–	-0.17%	–
LNN	Exit	Lindsay Manufacturing	$0	–	-30,090	–	-0.17%	–
NATI	Exit	National Instruments	$0	–	-80,090	–	-0.18%	–
FRT	Exit	Federal Realty Invt Tr	$0	–	-15,298	–	-0.18%	–
	Exit	Dai-Ichi Life Insurance Co Ltd	$0	–	-1,800	–	-0.19%	–
CEB	Exit	CEB	$0	–	-53,420	–	-0.22%	–
FFIV	Exit	F5 Networks	$0	–	-25,325	–	-0.24%	–
KWR	Exit	Quaker Chemical	$0	–	-34,000	–	-0.28%	–
	Exit	WebMD Health Conv Sr Notesconv	$0	–	-3,555,000	–	-0.28%	–
FWRD	Exit	Forward Air	$0	–	-85,965	–	-0.29%	–
	Exit	Envestnet Conv Sr Unsecd Noteconv	$0	–	-4,000,000	–	-0.29%	–
SCOR	Exit	ComScore	$0	–	-131,048	–	-0.31%	–
CYNO	Exit	Cynosure	$0	–	-80,090	–	-0.31%	–
GILD	Exit	Gilead Sciences	$0	–	-51,861	–	-0.32%	–
ABAX	Exit	Abaxis	$0	–	-80,000	–	-0.32%	–
CVLT	Exit	CommVault Systems	$0	–	-80,000	–	-0.33%	–
HD	Exit	Home Depot	$0	–	-33,864	–	-0.34%	–
PAYX	Exit	Paychex	$0	–	-81,142	–	-0.36%	–
GOOGL	Exit	Alphabet Class A	$0	–	-6,196	–	-0.38%	–
CELG	Exit	Celgene	$0	–	-49,810	–	-0.40%	–
AZO	Exit	Autozone	$0	–	-7,731	–	-0.46%	–
PRLB	Exit	Proto Labs	$0	–	-109,901	–	-0.51%	–
RBA	Exit	Ritchie Bros. Auctioneers	$0	–	-197,965	–	-0.53%	–
MMSI	Exit	Merit Medical Systems	$0	–	-294,700	–	-0.55%	–
	Exit	Albany Molecular Research Convconv	$0	–	-6,400,000	–	-0.58%	–
ACIW	Exit	ACI Worldwide	$0	–	-398,000	–	-0.59%	–
FAST	Exit	Fastenal	$0	–	-185,852	–	-0.60%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-210,969	–	-0.64%	–
ECL	Exit	Ecolab	$0	–	-71,347	–	-0.67%	–
AMGN	Exit	Amgen	$0	–	-52,985	–	-0.68%	–
HURN	Exit	Huron Consulting Grp	$0	–	-155,681	–	-0.72%	–
CSGP	Exit	Costar Group	$0	–	-47,693	–	-0.79%	–
ACXM	Exit	Acxiom	$0	–	-388,500	–	-0.80%	–
IPGP	Exit	IPG Photonic	$0	–	-145,945	–	-0.92%	–
CRL	Exit	Charles River Labs	$0	–	-148,150	–	-0.95%	–
GIMO	Exit	Gigamon	$0	–	-245,810	–	-1.04%	–
MDSO	Exit	Medidata Solutions	$0	–	-266,771	–	-1.14%	–
CBM	Exit	Cambrex	$0	–	-339,853	–	-1.16%	–
MORN	Exit	Morningstar	$0	–	-203,991	–	-1.24%	–
FORR	Exit	Forrester Research	$0	–	-416,907	–	-1.25%	–
BLKB	Exit	Blackbaud	$0	–	-246,885	–	-1.26%	–
FLTX	Exit	Fleetmatics Group	$0	–	-282,797	–	-1.30%	–
FELE	Exit	Franklin Electric	$0	–	-438,460	–	-1.37%	–
ANSS	Exit	ANSYS	$0	–	-204,187	–	-1.45%	–
ZBRA	Exit	Zebra Technologies	$0	–	-280,100	–	-1.50%	–
MD	Exit	Mednax	$0	–	-294,520	–	-1.50%	–
DORM	Exit	Dorman Products	$0	–	-309,800	–	-1.52%	–
HAE	Exit	Haemonetics	$0	–	-572,536	–	-1.59%	–
TRMB	Exit	Trimble	$0	–	-776,712	–	-1.70%	–
AMRI	Exit	Albany Molecular Research	$0	–	-1,372,510	–	-1.74%	–
HWAY	Exit	Healthways	$0	–	-886,995	–	-1.80%	–
FTNT	Exit	Fortinet	$0	–	-651,915	–	-1.85%	–
AVAV	Exit	AeroVironment	$0	–	-1,008,704	–	-1.89%	–
	Exit	NuVasive Conv Sr Notesconv	$0	–	-16,635,000	–	-2.06%	–
VRNT	Exit	Verint Systems	$0	–	-742,365	–	-2.15%	–
CPHD	Exit	Cepheid	$0	–	-555,440	–	-2.25%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-380,673	–	-2.50%	–
SEIC	Exit	SEI Investments	$0	–	-716,205	–	-2.51%	–
NICE	Exit	NICE	$0	–	-518,644	–	-2.67%	–
ABCO	Exit	Advisory Board	$0	–	-792,095	–	-2.72%	–
FDS	Exit	FactSet Research System	$0	–	-234,680	–	-2.92%	–
GNTX	Exit	Gentex	$0	–	-2,345,143	–	-3.16%	–
ILMN	Exit	Illumina	$0	–	-238,760	–	-3.33%	–
RMD	Exit	ResMed	$0	–	-669,558	–	-3.33%	–
HMSY	Exit	HMS Holdings	$0	–	-1,989,404	–	-3.39%	–
HOLX	Exit	Hologic	$0	–	-1,149,840	–	-3.43%	–
CGNX	Exit	Cognex	$0	–	-1,148,874	–	-4.67%	–
ICLR	Exit	ICON PLC	$0	–	-826,414	–	-4.91%	–
IDXX	Exit	IDEXX Laboratories	$0	–	-579,645	–	-5.02%	–
MANH	Exit	Manhattan Associates	$0	–	-1,324,917	–	-5.86%	–

Q3 2016

			Value		Shares		↓ Weighting
MANH	New	Manhattan Associates	$76,342,000	–	1,324,917	–	5.86%	–
IDXX	Sell	IDEXX Laboratories	$65,343,000	+8.3%	579,645	-10.8%	5.02%	+0.6%
ICLR	Sell	ICON PLC	$63,940,000	+7.9%	826,414	-2.3%	4.91%	+0.3%
CGNX	New	Cognex	$60,729,000	–	1,148,874	–	4.67%	–
HOLX	New	Hologic	$44,648,000	–	1,149,840	–	3.43%	–
HMSY	Sell	HMS Holdings	$44,105,000	+22.8%	1,989,404	-2.4%	3.39%	+14.1%
RMD	New	ResMed	$43,381,000	–	669,558	–	3.33%	–
ILMN	New	Illumina	$43,373,000	–	238,760	–	3.33%	–
GNTX	New	Gentex	$41,181,000	–	2,345,143	–	3.16%	–
FDS	New	FactSet Research System	$38,042,000	–	234,680	–	2.92%	–
ABCO	Buy	Advisory Board	$35,438,000	+30.9%	792,095	+3.6%	2.72%	+21.6%
NICE	New	NICE	$34,718,000	–	518,644	–	2.67%	–
SEIC	New	SEI Investments	$32,666,000	–	716,205	–	2.51%	–
JKHY	New	Jack Henry & Associates	$32,567,000	–	380,673	–	2.50%	–
CPHD	Sell	Cepheid	$29,266,000	+69.9%	555,440	-0.8%	2.25%	+57.9%
VRNT	Buy	Verint Systems	$27,935,000	+27.0%	742,365	+11.8%	2.15%	+17.9%
AVAV	New	AeroVironment	$24,622,000	–	1,008,704	–	1.89%	–
FTNT	New	Fortinet	$24,075,000	–	651,915	–	1.85%	–
HWAY	New	Healthways	$23,470,000	–	886,995	–	1.80%	–
AMRI	New	Albany Molecular Research	$22,660,000	–	1,372,510	–	1.74%	–
TRMB	New	Trimble	$22,183,000	–	776,712	–	1.70%	–
HAE	New	Haemonetics	$20,732,000	–	572,536	–	1.59%	–
DORM	New	Dorman Products	$19,796,000	–	309,800	–	1.52%	–
MD	Sell	Mednax	$19,512,000	-10.9%	294,520	-2.5%	1.50%	-17.2%
ZBRA	New	Zebra Technologies	$19,498,000	–	280,100	–	1.50%	–
ANSS	Sell	ANSYS	$18,910,000	+1.9%	204,187	-0.2%	1.45%	-5.3%
FELE	New	Franklin Electric	$17,850,000	–	438,460	–	1.37%	–
FLTX	Sell	Fleetmatics Group	$16,962,000	+37.1%	282,797	-0.9%	1.30%	+27.4%
BLKB	Buy	Blackbaud	$16,378,000	+44.8%	246,885	+48.2%	1.26%	+34.5%
FORR	New	Forrester Research	$16,218,000	–	416,907	–	1.25%	–
MORN	New	Morningstar	$16,170,000	–	203,991	–	1.24%	–
CBM	New	Cambrex	$15,110,000	–	339,853	–	1.16%	–
MDSO	Sell	Medidata Solutions	$14,875,000	+18.9%	266,771	-0.1%	1.14%	+10.4%
GIMO	Buy	Gigamon	$13,470,000	+150.3%	245,810	+70.8%	1.04%	+132.6%
CRL	New	Charles River Labs	$12,347,000	–	148,150	–	0.95%	–
IPGP	Sell	IPG Photonic	$12,019,000	+1.7%	145,945	-1.2%	0.92%	-5.5%
ACXM	New	Acxiom	$10,354,000	–	388,500	–	0.80%	–
CSGP	Sell	Costar Group	$10,327,000	-3.7%	47,693	-2.7%	0.79%	-10.6%
HURN	New	Huron Consulting Grp	$9,303,000	–	155,681	–	0.72%	–
AMGN	New	Amgen	$8,838,000	–	52,985	–	0.68%	–
ECL	New	Ecolab	$8,684,000	–	71,347	–	0.67%	–
HCSG	New	Healthcare Services Grp	$8,350,000	–	210,969	–	0.64%	–
FAST	New	Fastenal	$7,765,000	–	185,852	–	0.60%	–
ACIW	New	ACI Worldwide	$7,713,000	–	398,000	–	0.59%	–
MMSI	New	Merit Medical Systems	$7,158,000	–	294,700	–	0.55%	–
RBA	New	Ritchie Bros. Auctioneers	$6,943,000	–	197,965	–	0.53%	–
PRLB	New	Proto Labs	$6,584,000	–	109,901	–	0.51%	–
AZO	New	Autozone	$5,940,000	–	7,731	–	0.46%	–
CELG	New	Celgene	$5,207,000	–	49,810	–	0.40%	–
GOOGL	Sell	Alphabet Class A	$4,982,000	+11.4%	6,196	-2.5%	0.38%	+3.5%
PAYX	New	Paychex	$4,696,000	–	81,142	–	0.36%	–
HD	New	Home Depot	$4,358,000	–	33,864	–	0.34%	–
CVLT	New	CommVault Systems	$4,250,000	–	80,000	–	0.33%	–
ABAX	New	Abaxis	$4,130,000	–	80,000	–	0.32%	–
GILD	New	Gilead Sciences	$4,103,000	–	51,861	–	0.32%	–
CYNO	New	Cynosure	$4,080,000	–	80,090	–	0.31%	–
SCOR	Sell	ComScore	$4,018,000	+28.0%	131,048	-0.3%	0.31%	+18.8%
FWRD	New	Forward Air	$3,719,000	–	85,965	–	0.29%	–
KWR	New	Quaker Chemical	$3,602,000	–	34,000	–	0.28%	–
FFIV	New	F5 Networks	$3,157,000	–	25,325	–	0.24%	–
CEB	New	CEB	$2,910,000	–	53,420	–	0.22%	–
FRT	New	Federal Realty Invt Tr	$2,355,000	–	15,298	–	0.18%	–
NATI	New	National Instruments	$2,275,000	–	80,090	–	0.18%	–
LNN	New	Lindsay Manufacturing	$2,226,000	–	30,090	–	0.17%	–
LLTC	New	Linear Tech	$2,176,000	–	36,700	–	0.17%	–
CPLA	New	Capella Education	$2,091,000	–	36,030	–	0.16%	–
CERN	New	Cerner	$1,652,000	–	26,750	–	0.13%	–
GOOG	Sell	Alphabet Class C	$1,405,000	-33.0%	1,807	-40.4%	0.11%	-37.9%
WMGI	Sell	Wright Medical Group N.V.	$1,275,000	+33.2%	51,965	-5.7%	0.10%	+24.1%
AZPN	New	Aspen Technology	$1,180,000	–	25,220	–	0.09%	–
CPSI	New	Computer Programs & Systems	$1,148,000	–	44,070	–	0.09%	–
WOOF	New	VCA Antech	$924,000	–	13,200	–	0.07%	–
TECH	Buy	Bio Techne	$879,000	-0.9%	8,025	+2.0%	0.07%	-6.8%
VIVO	New	Meridian Bioscience	$820,000	–	42,510	–	0.06%	–
EPAC	Sell	Actuant	$822,000	-2.0%	35,363	-4.7%	0.06%	-8.7%
GWR	New	Genesee & Wyoming Class A	$745,000	–	10,800	–	0.06%	–
IXN	New	IShares Global Tech	$592,000	–	5,350	–	0.04%	–
NUVA	New	NuVasive	$463,000	–	6,950	–	0.04%	–
BMY	New	Bristol Myers	$399,000	–	7,400	–	0.03%	–
AAPL	New	Apple	$376,000	–	3,325	–	0.03%	–
IDSY	New	ID Systems	$342,000	–	69,200	–	0.03%	–
GE	New	General Electric	$251,000	–	8,480	–	0.02%	–
BRKB	New	Berkshire Hathaway New Cl B	$253,000	–	1,754	–	0.02%	–
GHM	New	Graham	$204,000	–	10,660	–	0.02%	–
	Exit	IShares MSCI Emerging Markets	$0	–	-5,970	–	-0.02%	–
	Exit	Johnson & Johnson	$0	–	-1,725	–	-0.02%	–
	Exit	Graham	$0	–	-11,460	–	-0.02%	–
	Exit	Pfizer	$0	–	-6,212	–	-0.02%	–
	Exit	Schlumberger	$0	–	-2,778	–	-0.02%	–
T	Exit	AT & T	$0	–	-5,484	–	-0.02%	–
	Exit	Berkshire Hathaway New Cl B	$0	–	-1,791	–	-0.02%	–
VZ	Exit	Verizon	$0	–	-4,614	–	-0.02%	–
	Exit	General Electric	$0	–	-8,814	–	-0.02%	–
LILAK	Exit	Liberty Lilac Group CL C UK	$0	–	-9,748	–	-0.03%	–
	Exit	Apple	$0	–	-3,343	–	-0.03%	–
	Exit	ID Systems	$0	–	-67,700	–	-0.03%	–
	Exit	NuVasive	$0	–	-6,950	–	-0.03%	–
	Exit	Ishares China Large Cap ETF	$0	–	-12,495	–	-0.04%	–
	Exit	Bristol Myers	$0	–	-8,000	–	-0.05%	–
	Exit	Genesee & Wyoming Class A	$0	–	-10,800	–	-0.05%	–
	Exit	Meridian Bioscience	$0	–	-41,950	–	-0.07%	–
	Exit	Aspen Technology	$0	–	-25,220	–	-0.08%	–
	Exit	VCA Antech	$0	–	-15,400	–	-0.09%	–
LBTYA	Exit	Liberty Global Plc Cl A UK	$0	–	-38,030	–	-0.09%	–
ANGO	Exit	AngioDynamics	$0	–	-84,000	–	-0.10%	–
	Exit	Cerner	$0	–	-26,750	–	-0.13%	–
	Exit	Computer Programs & Systems	$0	–	-42,070	–	-0.14%	–
	Exit	Capella Education	$0	–	-32,555	–	-0.14%	–
	Exit	Linear Tech	$0	–	-41,600	–	-0.16%	–
	Exit	Lindsay Manufacturing	$0	–	-30,090	–	-0.17%	–
	Exit	National Instruments	$0	–	-78,490	–	-0.18%	–
	Exit	Federal Realty Invt Tr	$0	–	-15,748	–	-0.22%	–
	Exit	F5 Networks	$0	–	-25,325	–	-0.24%	–
ICFI	Exit	ICF International	$0	–	-70,600	–	-0.24%	–
LBTYK	Exit	Liberty Global Plc Ser C UK	$0	–	-117,706	–	-0.28%	–
	Exit	CommVault Systems	$0	–	-80,000	–	-0.29%	–
	Exit	Bed Bath & Beyond	$0	–	-81,190	–	-0.29%	–
	Exit	CEB	$0	–	-59,616	–	-0.30%	–
	Exit	Abaxis	$0	–	-80,000	–	-0.31%	–
	Exit	Forward Air	$0	–	-86,095	–	-0.32%	–
	Exit	Quaker Chemical	$0	–	-48,200	–	-0.36%	–
	Exit	Gilead Sciences	$0	–	-52,946	–	-0.36%	–
	Exit	Home Depot	$0	–	-38,530	–	-0.41%	–
	Exit	IShares Global Tech	$0	–	-50,521	–	-0.41%	–
	Exit	Paychex	$0	–	-83,151	–	-0.41%	–
	Exit	Expeditors Int'l Washington	$0	–	-104,590	–	-0.42%	–
	Exit	Proto Labs	$0	–	-89,878	–	-0.43%	–
	Exit	Celgene	$0	–	-58,219	–	-0.48%	–
	Exit	Merit Medical Systems	$0	–	-298,500	–	-0.49%	–
	Exit	Autozone	$0	–	-8,311	–	-0.55%	–
	Exit	Ritchie Bros. Auctioneers	$0	–	-204,375	–	-0.57%	–
	Exit	ACI Worldwide	$0	–	-398,000	–	-0.64%	–
	Exit	Fastenal	$0	–	-190,302	–	-0.70%	–
	Exit	Acxiom	$0	–	-388,500	–	-0.71%	–
	Exit	Amgen	$0	–	-56,620	–	-0.71%	–
	Exit	Healthcare Services Grp	$0	–	-212,554	–	-0.73%	–
	Exit	Ecolab	$0	–	-76,311	–	-0.75%	–
	Exit	Huron Consulting Grp	$0	–	-156,981	–	-0.78%	–
	Exit	Healthways	$0	–	-901,595	–	-0.86%	–
	Exit	Charles River Labs	$0	–	-148,150	–	-1.01%	–
	Exit	Cambrex	$0	–	-277,818	–	-1.19%	–
	Exit	Franklin Electric	$0	–	-437,810	–	-1.20%	–
	Exit	Zebra Technologies	$0	–	-292,600	–	-1.21%	–
	Exit	Forrester Research	$0	–	-431,627	–	-1.32%	–
	Exit	Morningstar	$0	–	-203,911	–	-1.38%	–
	Exit	Fortinet	$0	–	-553,510	–	-1.45%	–
	Exit	Haemonetics	$0	–	-609,386	–	-1.46%	–
	Exit	Dorman Products	$0	–	-311,325	–	-1.47%	–
	Exit	Albany Molecular Research	$0	–	-1,336,230	–	-1.48%	–
	Exit	Trimble Navigation	$0	–	-777,617	–	-1.57%	–
	Exit	LKQ	$0	–	-671,875	–	-1.76%	–
	Exit	AeroVironment	$0	–	-876,503	–	-2.02%	–
	Exit	SEI Investments	$0	–	-682,120	–	-2.71%	–
	Exit	NICE	$0	–	-519,229	–	-2.74%	–
	Exit	Jack Henry & Associates	$0	–	-380,668	–	-2.75%	–
	Exit	Illumina	$0	–	-240,885	–	-2.80%	–
	Exit	Hologic	$0	–	-1,030,685	–	-2.95%	–
	Exit	Gentex	$0	–	-2,366,096	–	-3.02%	–
	Exit	FactSet Research System	$0	–	-236,815	–	-3.16%	–
	Exit	ResMed	$0	–	-701,443	–	-3.67%	–
	Exit	Cognex	$0	–	-1,170,396	–	-4.17%	–
	Exit	Manhattan Associates	$0	–	-1,335,792	–	-7.08%	–

Q2 2016

			Value		Shares		↓ Weighting
	New	Manhattan Associates	$85,664,000	–	1,335,792	–	7.08%	–
IDXX	New	IDEXX Laboratories	$60,350,000	–	649,906	–	4.99%	–
ICLR	New	ICON PLC	$59,244,000	–	846,220	–	4.90%	–
	New	Cognex	$50,444,000	–	1,170,396	–	4.17%	–
	New	ResMed	$44,352,000	–	701,443	–	3.67%	–
	New	FactSet Research System	$38,227,000	–	236,815	–	3.16%	–
	New	Gentex	$36,556,000	–	2,366,096	–	3.02%	–
HMSY	New	HMS Holdings	$35,909,000	–	2,039,104	–	2.97%	–
	New	Hologic	$35,662,000	–	1,030,685	–	2.95%	–
	New	Illumina	$33,815,000	–	240,885	–	2.80%	–
	New	Jack Henry & Associates	$33,221,000	–	380,668	–	2.75%	–
	New	NICE	$33,153,000	–	519,229	–	2.74%	–
	New	SEI Investments	$32,817,000	–	682,120	–	2.71%	–
ABCO	New	Advisory Board	$27,070,000	–	764,915	–	2.24%	–
	New	AeroVironment	$24,367,000	–	876,503	–	2.02%	–
	New	NuVasive Conv Sr Notesconv	$24,266,000	–	16,635,000	–	2.01%	–
VRNT	New	Verint Systems	$22,001,000	–	664,075	–	1.82%	–
MD	New	Mednax	$21,890,000	–	302,220	–	1.81%	–
	New	LKQ	$21,298,000	–	671,875	–	1.76%	–
	New	Trimble Navigation	$18,943,000	–	777,617	–	1.57%	–
ANSS	New	ANSYS	$18,562,000	–	204,542	–	1.54%	–
	New	Albany Molecular Research	$17,959,000	–	1,336,230	–	1.48%	–
	New	Dorman Products	$17,808,000	–	311,325	–	1.47%	–
	New	Haemonetics	$17,666,000	–	609,386	–	1.46%	–
	New	Fortinet	$17,485,000	–	553,510	–	1.45%	–
CPHD	New	Cepheid	$17,221,000	–	560,040	–	1.42%	–
	New	Morningstar	$16,676,000	–	203,911	–	1.38%	–
	New	Forrester Research	$15,910,000	–	431,627	–	1.32%	–
	New	Zebra Technologies	$14,659,000	–	292,600	–	1.21%	–
	New	Franklin Electric	$14,470,000	–	437,810	–	1.20%	–
	New	Cambrex	$14,372,000	–	277,818	–	1.19%	–
MDSO	New	Medidata Solutions	$12,510,000	–	266,906	–	1.04%	–
FLTX	New	Fleetmatics Group	$12,370,000	–	285,479	–	1.02%	–
	New	Charles River Labs	$12,213,000	–	148,150	–	1.01%	–
IPGP	New	IPG Photonic	$11,816,000	–	147,695	–	0.98%	–
BLKB	New	Blackbaud	$11,309,000	–	166,560	–	0.94%	–
CSGP	New	Costar Group	$10,719,000	–	49,023	–	0.89%	–
	New	Healthways	$10,413,000	–	901,595	–	0.86%	–
	New	Huron Consulting Grp	$9,485,000	–	156,981	–	0.78%	–
	New	Ecolab	$9,050,000	–	76,311	–	0.75%	–
	New	Healthcare Services Grp	$8,795,000	–	212,554	–	0.73%	–
	New	Amgen	$8,615,000	–	56,620	–	0.71%	–
	New	Acxiom	$8,543,000	–	388,500	–	0.71%	–
	New	Fastenal	$8,448,000	–	190,302	–	0.70%	–
	New	ACI Worldwide	$7,765,000	–	398,000	–	0.64%	–
	New	Ritchie Bros. Auctioneers	$6,904,000	–	204,375	–	0.57%	–
	New	Autozone	$6,598,000	–	8,311	–	0.55%	–
	New	Albany Molecular Research Convconv	$6,556,000	–	6,400,000	–	0.54%	–
	New	Merit Medical Systems	$5,919,000	–	298,500	–	0.49%	–
	New	Celgene	$5,742,000	–	58,219	–	0.48%	–
GIMO	New	Gigamon	$5,382,000	–	143,940	–	0.44%	–
	New	Proto Labs	$5,173,000	–	89,878	–	0.43%	–
	New	Expeditors Int'l Washington	$5,129,000	–	104,590	–	0.42%	–
	New	Paychex	$4,947,000	–	83,151	–	0.41%	–
	New	Home Depot	$4,920,000	–	38,530	–	0.41%	–
	New	IShares Global Tech	$4,917,000	–	50,521	–	0.41%	–
GOOGL	New	Alphabet (googl)	$4,473,000	–	6,358	–	0.37%	–
	New	Gilead Sciences	$4,417,000	–	52,946	–	0.36%	–
	New	Quaker Chemical	$4,299,000	–	48,200	–	0.36%	–
	New	WebMD Health Conv Sr Notesconv	$3,906,000	–	3,555,000	–	0.32%	–
	New	Forward Air	$3,834,000	–	86,095	–	0.32%	–
	New	Abaxis	$3,778,000	–	80,000	–	0.31%	–
	New	CEB	$3,677,000	–	59,616	–	0.30%	–
	New	Envestnet Conv Sr Unsecd Noteconv	$3,610,000	–	4,000,000	–	0.30%	–
	New	Bed Bath & Beyond	$3,509,000	–	81,190	–	0.29%	–
	New	CommVault Systems	$3,455,000	–	80,000	–	0.29%	–
LBTYK	New	Liberty Global Plc Ser C UK	$3,372,000	–	117,706	–	0.28%	–
SCOR	New	ComScore	$3,138,000	–	131,408	–	0.26%	–
ICFI	New	ICF International	$2,888,000	–	70,600	–	0.24%	–
	New	F5 Networks	$2,883,000	–	25,325	–	0.24%	–
	New	Federal Realty Invt Tr	$2,607,000	–	15,748	–	0.22%	–
	New	National Instruments	$2,151,000	–	78,490	–	0.18%	–
GOOG	New	Alphabet	$2,098,000	–	3,032	–	0.17%	–
	New	Lindsay Manufacturing	$2,042,000	–	30,090	–	0.17%	–
	New	Dai-Ichi Life Insurance Co Ltd	$2,029,000	–	1,800	–	0.17%	–
	New	Linear Tech	$1,936,000	–	41,600	–	0.16%	–
	New	Capella Education	$1,714,000	–	32,555	–	0.14%	–
	New	Computer Programs & Systems	$1,679,000	–	42,070	–	0.14%	–
	New	Cerner	$1,568,000	–	26,750	–	0.13%	–
ANGO	New	AngioDynamics	$1,207,000	–	84,000	–	0.10%	–
LBTYA	New	Liberty Global Plc Cl A UK	$1,105,000	–	38,030	–	0.09%	–
	New	VCA Antech	$1,041,000	–	15,400	–	0.09%	–
	New	Aspen Technology	$1,015,000	–	25,220	–	0.08%	–
WMGI	New	Wright Medical Group N.V.	$957,000	–	55,108	–	0.08%	–
TECH	New	Bio Techne	$887,000	–	7,865	–	0.07%	–
EPAC	New	Actuant	$839,000	–	37,112	–	0.07%	–
	New	Meridian Bioscience	$818,000	–	41,950	–	0.07%	–
	New	Genesee & Wyoming Class A	$637,000	–	10,800	–	0.05%	–
	New	Bristol Myers	$588,000	–	8,000	–	0.05%	–
	New	Ishares China Large Cap ETF	$428,000	–	12,495	–	0.04%	–
	New	NuVasive	$415,000	–	6,950	–	0.03%	–
XOM	New	Exxon Mobil	$377,000	–	4,020	–	0.03%	–
	New	ID Systems	$326,000	–	67,700	–	0.03%	–
	New	Apple	$320,000	–	3,343	–	0.03%	–
LILAK	New	Liberty Lilac Group CL C UK	$317,000	–	9,748	–	0.03%	–
	New	General Electric	$277,000	–	8,814	–	0.02%	–
	New	Berkshire Hathaway New Cl B	$259,000	–	1,791	–	0.02%	–
VZ	New	Verizon	$258,000	–	4,614	–	0.02%	–
T	New	AT & T	$237,000	–	5,484	–	0.02%	–
	New	Pfizer	$219,000	–	6,212	–	0.02%	–
	New	Schlumberger	$220,000	–	2,778	–	0.02%	–
POOL	New	Pool	$202,000	–	2,150	–	0.02%	–
	New	IShares MSCI Emerging Markets	$205,000	–	5,970	–	0.02%	–
	New	Graham	$211,000	–	11,460	–	0.02%	–
	New	Johnson & Johnson	$209,000	–	1,725	–	0.02%	–
	New	SITC International Holdings Co	$77,000	–	19,000	–	0.01%	–
	New	Far East Horizon Ltd	$66,000	–	11,000	–	0.01%	–
	New	Hanhua Finl Hldg	$20,000	–	22,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
IDSY	Exit	ID Systems	$0	–	-10,300	–	-0.00%	–
NUVA	Exit	NuVasive	$0	–	-6,950	–	-0.04%	–
TECH	Exit	Bio Techne	$0	–	-4,075	–	-0.04%	–
CSGP	Exit	Costar Group	$0	–	-3,600	–	-0.06%	–
GWR	Exit	Genesee & Wyoming Class A	$0	–	-12,725	–	-0.08%	–
IART	Exit	Integra Lifesciences	$0	–	-13,007	–	-0.08%	–
AZPN	Exit	Aspen Technology	$0	–	-23,910	–	-0.09%	–
VIVO	Exit	Meridian Bioscience	$0	–	-58,150	–	-0.10%	–
WMGI	Exit	Wright Medical Group N.V.	$0	–	-47,724	–	-0.10%	–
WOOF	Exit	VCA Antech	$0	–	-20,100	–	-0.11%	–
ANGO	Exit	AngioDynamics	$0	–	-84,000	–	-0.12%	–
CVLT	Exit	CommVault Systems	$0	–	-35,000	–	-0.12%	–
CPLA	Exit	Capella Education	$0	–	-31,590	–	-0.16%	–
CPSI	Exit	Computer Programs & Systems	$0	–	-40,550	–	-0.18%	–
LLTC	Exit	Linear Tech	$0	–	-42,900	–	-0.18%	–
CERN	Exit	Cerner	$0	–	-29,700	–	-0.18%	–
NATI	Exit	National Instruments	$0	–	-68,850	–	-0.20%	–
LNN	Exit	Lindsay	$0	–	-30,000	–	-0.21%	–
THOR	Exit	Thoratec	$0	–	-33,000	–	-0.22%	–
FFIV	Exit	F5 Networks	$0	–	-21,395	–	-0.26%	–
FWRD	Exit	Forward Air	$0	–	-79,415	–	-0.34%	–
ABAX	Exit	Abaxis	$0	–	-81,000	–	-0.37%	–
	Exit	WebMD Health Conv Sr Notesconv	$0	–	-3,555,000	–	-0.37%	–
KWR	Exit	Quaker Chemical	$0	–	-53,200	–	-0.42%	–
IPGP	Exit	IPG Photonic	$0	–	-60,000	–	-0.47%	–
DORM	Exit	Dorman Products	$0	–	-113,325	–	-0.60%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-204,055	–	-0.71%	–
ACXM	Exit	Acxiom	$0	–	-353,500	–	-0.72%	–
MMSI	Exit	Merit Medical Systems	$0	–	-307,125	–	-0.76%	–
BLKB	Exit	Blackbaud	$0	–	-137,290	–	-0.80%	–
OPK	Exit	OPKO Health	$0	–	-926,339	–	-0.81%	–
TRMB	Exit	Trimble Navigation	$0	–	-478,000	–	-0.81%	–
	Exit	Albany Molecular Research Convconv	$0	–	-6,400,000	–	-0.82%	–
ACIW	Exit	ACI Worldwide	$0	–	-398,000	–	-0.87%	–
CRL	Exit	Charles River Labs	$0	–	-150,050	–	-0.99%	–
HWAY	Exit	Healthways	$0	–	-861,790	–	-0.99%	–
HURN	Exit	Huron Consulting Grp	$0	–	-160,248	–	-1.04%	–
ANSS	Exit	ANSYS	$0	–	-126,537	–	-1.16%	–
FELE	Exit	Franklin Electric	$0	–	-444,510	–	-1.26%	–
HMSY	Exit	HMS Holdings	$0	–	-1,394,675	–	-1.27%	–
AVAV	Exit	AeroVironment	$0	–	-673,460	–	-1.40%	–
FTNT	Exit	Fortinet	$0	–	-326,360	–	-1.44%	–
FORR	Exit	Forrester Research	$0	–	-444,412	–	-1.45%	–
MORN	Exit	Morningstar	$0	–	-192,360	–	-1.60%	–
CPHD	Exit	Cepheid	$0	–	-357,615	–	-1.68%	–
AMRI	Exit	Albany Molecular Research	$0	–	-1,017,480	–	-1.84%	–
ABCO	Exit	Advisory Board	$0	–	-423,695	–	-2.00%	–
MD	Exit	Mednax	$0	–	-270,475	–	-2.15%	–
	Exit	NuVasive Conv Sr Notesconv	$0	–	-16,622,000	–	-2.17%	–
NICE	Exit	Nice Systems	$0	–	-376,285	–	-2.20%	–
ZBRA	Exit	Zebra Technologies	$0	–	-282,400	–	-2.24%	–
VRNT	Exit	Verint Systems	$0	–	-518,525	–	-2.32%	–
HAE	Exit	Haemonetics	$0	–	-692,456	–	-2.32%	–
IPCM	Exit	IPC Healthcare	$0	–	-294,561	–	-2.37%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-387,150	–	-2.79%	–
LKQ	Exit	LKQ	$0	–	-1,035,728	–	-3.05%	–
GNTX	Exit	Gentex	$0	–	-1,916,645	–	-3.08%	–
RMD	Exit	ResMed	$0	–	-597,300	–	-3.16%	–
CGNX	Exit	Cognex	$0	–	-890,645	–	-3.17%	–
SEIC	Exit	SEI Investments	$0	–	-659,200	–	-3.30%	–
ILMN	Exit	Illumina	$0	–	-203,965	–	-3.72%	–
FDS	Exit	FactSet Research System	$0	–	-228,325	–	-3.78%	–
HOLX	Exit	Hologic	$0	–	-1,010,495	–	-4.10%	–
IDXX	Exit	IDEXX Laboratories	$0	–	-541,546	–	-4.17%	–
ICLR	Exit	ICON PLC	$0	–	-758,705	–	-5.58%	–
VRX	Exit	Valeant Pharmaceuticals Int'l	$0	–	-338,853	–	-6.27%	–
MANH	Exit	Manhattan Associates	$0	–	-1,320,755	–	-8.53%	–

Q3 2015

			Value		Shares		↓ Weighting
MANH	Sell	Manhattan Associates	$82,283,000	+2.7%	1,320,755	-1.7%	8.53%	+11.8%
VRX	Sell	Valeant Pharmaceuticals Int'l	$60,445,000	-23.2%	338,853	-4.4%	6.27%	-16.4%
ICLR	Buy	ICON PLC	$53,845,000	+6.1%	758,705	+0.6%	5.58%	+15.5%
IDXX	Buy	IDEXX Laboratories	$40,210,000	+18.3%	541,546	+2.2%	4.17%	+28.8%
HOLX	Buy	Hologic	$39,541,000	+3.5%	1,010,495	+0.7%	4.10%	+12.7%
FDS	Buy	FactSet Research System	$36,489,000	-0.7%	228,325	+1.0%	3.78%	+8.1%
ILMN	Buy	Illumina	$35,861,000	-12.5%	203,965	+8.7%	3.72%	-4.7%
SEIC	Buy	SEI Investments	$31,793,000	+0.2%	659,200	+1.9%	3.30%	+9.1%
CGNX	Buy	Cognex	$30,611,000	-26.7%	890,645	+2.6%	3.17%	-20.2%
RMD	Buy	ResMed	$30,438,000	-7.1%	597,300	+2.7%	3.16%	+1.1%
GNTX	Buy	Gentex	$29,708,000	-2.2%	1,916,645	+3.6%	3.08%	+6.5%
LKQ	Sell	LKQ	$29,373,000	-8.3%	1,035,728	-2.2%	3.05%	-0.1%
JKHY	Buy	Jack Henry & Associates	$26,950,000	+9.2%	387,150	+1.5%	2.79%	+18.9%
IPCM	Sell	IPC Healthcare	$22,884,000	+38.3%	294,561	-1.4%	2.37%	+50.6%
HAE	Buy	Haemonetics	$22,380,000	-19.6%	692,456	+2.9%	2.32%	-12.5%
VRNT	Buy	Verint Systems	$22,374,000	-22.6%	518,525	+9.0%	2.32%	-15.7%
ZBRA	Buy	Zebra Technologies	$21,618,000	-30.2%	282,400	+1.3%	2.24%	-24.0%
NICE	Buy	Nice Systems	$21,196,000	-8.6%	376,285	+3.2%	2.20%	-0.5%
	Sell	NuVasive Conv Sr Notesconv	$20,954,000	-0.8%	16,622,000	-0.1%	2.17%	+8.0%
MD	Buy	Mednax	$20,770,000	+6.3%	270,475	+2.6%	2.15%	+15.8%
ABCO	Buy	Advisory Board	$19,295,000	+16.3%	423,695	+39.7%	2.00%	+26.7%
AMRI	Buy	Albany Molecular Research	$17,725,000	-11.7%	1,017,480	+2.4%	1.84%	-3.9%
CPHD	Buy	Cepheid	$16,164,000	-22.8%	357,615	+4.4%	1.68%	-15.9%
MORN	Buy	Morningstar	$15,439,000	+3.1%	192,360	+2.2%	1.60%	+12.3%
FORR	Sell	Forrester Research	$13,972,000	-12.9%	444,412	-0.2%	1.45%	-5.1%
FTNT	Buy	Fortinet	$13,864,000	+5.1%	326,360	+2.2%	1.44%	+14.3%
AVAV	Buy	AeroVironment	$13,496,000	-5.2%	673,460	+23.4%	1.40%	+3.2%
HMSY	Buy	HMS Holdings	$12,231,000	-45.5%	1,394,675	+6.8%	1.27%	-40.6%
FELE	Buy	Franklin Electric	$12,104,000	-13.0%	444,510	+3.3%	1.26%	-5.3%
ANSS	Buy	ANSYS	$11,153,000	+6.4%	126,537	+10.2%	1.16%	+15.8%
HURN	Sell	Huron Consulting Grp	$10,020,000	-12.0%	160,248	-1.4%	1.04%	-4.2%
HWAY	Buy	Healthways	$9,583,000	-3.1%	861,790	+4.4%	0.99%	+5.5%
CRL	Sell	Charles River Labs	$9,531,000	-10.1%	150,050	-0.4%	0.99%	-2.1%
TRMB	Buy	Trimble Navigation	$7,849,000	-28.0%	478,000	+2.8%	0.81%	-21.7%
OPK	New	OPKO Health	$7,791,000	–	926,339	–	0.81%	–
BLKB	Buy	Blackbaud	$7,705,000	+2.3%	137,290	+3.8%	0.80%	+11.4%
MMSI	Sell	Merit Medical Systems	$7,343,000	+10.6%	307,125	-0.4%	0.76%	+20.4%
HCSG	Buy	Healthcare Services Grp	$6,877,000	+5.5%	204,055	+3.5%	0.71%	+14.8%
DORM	Buy	Dorman Products	$5,767,000	+14.6%	113,325	+7.4%	0.60%	+24.8%
IPGP	Buy	IPG Photonic	$4,558,000	+7.0%	60,000	+20.0%	0.47%	+16.5%
KWR	Sell	Quaker Chemical	$4,101,000	-27.2%	53,200	-16.2%	0.42%	-20.9%
FWRD	Buy	Forward Air	$3,295,000	-15.3%	79,415	+6.7%	0.34%	-7.6%
FFIV	Sell	F5 Networks	$2,478,000	-5.1%	21,395	-1.4%	0.26%	+3.2%
THOR	Sell	Thoratec	$2,088,000	+26.2%	33,000	-11.1%	0.22%	+36.7%
NATI	Sell	National Instruments	$1,913,000	-8.3%	68,850	-2.8%	0.20%	-0.5%
CERN	Sell	Cerner	$1,781,000	-17.6%	29,700	-5.1%	0.18%	-10.2%
LLTC	Sell	Linear Tech	$1,731,000	-15.5%	42,900	-7.3%	0.18%	-8.2%
CPSI	Sell	Computer Programs & Systems	$1,708,000	-48.9%	40,550	-35.2%	0.18%	-44.3%
CPLA	Buy	Capella Education	$1,564,000	+20.2%	31,590	+30.3%	0.16%	+30.6%
WOOF	Sell	VCA Antech	$1,058,000	-6.5%	20,100	-3.4%	0.11%	+1.9%
WMGI	New	Wright Medical Group N.V.	$1,003,000	–	47,724	–	0.10%	–
VIVO	Sell	Meridian Bioscience	$994,000	-9.6%	58,150	-1.4%	0.10%	-1.9%
AZPN	Sell	Aspen Technology	$906,000	-21.0%	23,910	-5.0%	0.09%	-13.8%
IART	Buy	Integra Lifesciences	$775,000	+64.2%	13,007	+85.8%	0.08%	+77.8%
GWR	Buy	Genesee & Wyoming Class A	$752,000	-20.3%	12,725	+2.8%	0.08%	-13.3%
CSGP	Sell	Costar Group	$623,000	-17.5%	3,600	-4.0%	0.06%	-9.7%
TECH	Sell	Bio Techne	$377,000	-8.3%	4,075	-2.4%	0.04%	0.0%
IDSY	Sell	ID Systems	$33,000	-81.4%	10,300	-64.5%	0.00%	-82.4%
EPPRC	Exit	El Paso Conv Pfdpfd	$0	–	-3,600	–	-0.02%	–
BRKB	Exit	Berkshire Hathaway New Cl B	$0	–	-1,750	–	-0.02%	–
SM	Exit	SM Energy	$0	–	-5,700	–	-0.02%	–
T107PS	Exit	Wright Medical	$0	–	-50,850	–	-0.13%	–
	Exit	Integra Life Sciences Conv Srconv	$0	–	-2,750,000	–	-0.32%	–
MDRX	Exit	Allscripts	$0	–	-293,050	–	-0.38%	–
BRLI	Exit	Bio Reference Labs	$0	–	-356,120	–	-1.40%	–

Q2 2015

			Value		Shares		↓ Weighting
MANH	New	Manhattan Associates	$80,138,000	–	1,343,475	–	7.63%	–
VRX	New	Valeant Pharmaceuticals Int'l	$78,708,000	–	354,303	–	7.50%	–
ICLR	New	ICON PLC	$50,743,000	–	753,985	–	4.83%	–
CGNX	New	Cognex	$41,750,000	–	867,975	–	3.98%	–
ILMN	New	Illumina	$40,964,000	–	187,600	–	3.90%	–
HOLX	New	Hologic	$38,198,000	–	1,003,635	–	3.64%	–
FDS	New	FactSet Research System	$36,734,000	–	226,040	–	3.50%	–
IDXX	New	IDEXX Laboratories	$34,003,000	–	530,136	–	3.24%	–
RMD	New	ResMed	$32,778,000	–	581,480	–	3.12%	–
LKQ	New	LKQ	$32,023,000	–	1,058,798	–	3.05%	–
SEIC	New	SEI Investments	$31,717,000	–	646,880	–	3.02%	–
ZBRA	New	Zebra Technologies	$30,971,000	–	278,890	–	2.95%	–
GNTX	New	Gentex	$30,382,000	–	1,850,280	–	2.89%	–
VRNT	New	Verint Systems	$28,892,000	–	475,635	–	2.75%	–
HAE	New	Haemonetics	$27,840,000	–	673,116	–	2.65%	–
JKHY	New	Jack Henry & Associates	$24,681,000	–	381,473	–	2.35%	–
NICE	New	Nice Systems	$23,185,000	–	364,605	–	2.21%	–
HMSY	New	HMS Holdings	$22,429,000	–	1,306,290	–	2.14%	–
	New	NuVasive Conv Sr Notesconv	$21,126,000	–	16,635,000	–	2.01%	–
CPHD	New	Cepheid	$20,940,000	–	342,430	–	1.99%	–
AMRI	New	Albany Molecular Research	$20,084,000	–	993,280	–	1.91%	–
MD	New	Mednax	$19,530,000	–	263,530	–	1.86%	–
ABCO	New	Advisory Board	$16,584,000	–	303,355	–	1.58%	–
IPCM	New	IPC Healthcare	$16,546,000	–	298,715	–	1.58%	–
FORR	New	Forrester Research	$16,039,000	–	445,287	–	1.53%	–
MORN	New	Morningstar	$14,973,000	–	188,220	–	1.43%	–
BRLI	New	Bio Reference Labs	$14,690,000	–	356,120	–	1.40%	–
AVAV	New	AeroVironment	$14,230,000	–	545,630	–	1.36%	–
FELE	New	Franklin Electric	$13,912,000	–	430,320	–	1.32%	–
FTNT	New	Fortinet	$13,194,000	–	319,240	–	1.26%	–
HURN	New	Huron Consulting Grp	$11,391,000	–	162,526	–	1.08%	–
TRMB	New	Trimble Navigation	$10,905,000	–	464,830	–	1.04%	–
CRL	New	Charles River Labs	$10,597,000	–	150,650	–	1.01%	–
ANSS	New	ANSYS	$10,478,000	–	114,842	–	1.00%	–
HWAY	New	Healthways	$9,890,000	–	825,550	–	0.94%	–
ACIW	New	ACI Worldwide	$9,779,000	–	398,000	–	0.93%	–
	New	Albany Molecular Research Convconv	$8,948,000	–	6,400,000	–	0.85%	–
BLKB	New	Blackbaud	$7,529,000	–	132,210	–	0.72%	–
MMSI	New	Merit Medical Systems	$6,640,000	–	308,250	–	0.63%	–
HCSG	New	Healthcare Services Grp	$6,519,000	–	197,232	–	0.62%	–
ACXM	New	Acxiom	$6,215,000	–	353,500	–	0.59%	–
KWR	New	Quaker Chemical	$5,637,000	–	63,450	–	0.54%	–
DORM	New	Dorman Products	$5,031,000	–	105,560	–	0.48%	–
IPGP	New	IPG Photonic	$4,259,000	–	50,000	–	0.41%	–
ABAX	New	Abaxis	$4,170,000	–	81,000	–	0.40%	–
MDRX	New	Allscripts	$4,009,000	–	293,050	–	0.38%	–
FWRD	New	Forward Air	$3,889,000	–	74,415	–	0.37%	–
	New	WebMD Health Conv Sr Notesconv	$3,619,000	–	3,555,000	–	0.34%	–
	New	Integra Life Sciences Conv Srconv	$3,343,000	–	2,750,000	–	0.32%	–
CPSI	New	Computer Programs & Systems	$3,341,000	–	62,550	–	0.32%	–
LNN	New	Lindsay	$2,637,000	–	30,000	–	0.25%	–
FFIV	New	F5 Networks	$2,612,000	–	21,700	–	0.25%	–
CERN	New	Cerner	$2,162,000	–	31,300	–	0.21%	–
NATI	New	National Instruments	$2,086,000	–	70,800	–	0.20%	–
LLTC	New	Linear Tech	$2,048,000	–	46,300	–	0.20%	–
THOR	New	Thoratec	$1,654,000	–	37,100	–	0.16%	–
CVLT	New	CommVault Systems	$1,484,000	–	35,000	–	0.14%	–
ANGO	New	AngioDynamics	$1,378,000	–	84,000	–	0.13%	–
T107PS	New	Wright Medical	$1,335,000	–	50,850	–	0.13%	–
CPLA	New	Capella Education	$1,301,000	–	24,250	–	0.12%	–
AZPN	New	Aspen Technology	$1,147,000	–	25,175	–	0.11%	–
WOOF	New	VCA Antech	$1,132,000	–	20,800	–	0.11%	–
VIVO	New	Meridian Bioscience	$1,099,000	–	58,950	–	0.10%	–
GWR	New	Genesee & Wyoming Class A	$943,000	–	12,375	–	0.09%	–
CSGP	New	Costar Group	$755,000	–	3,750	–	0.07%	–
IART	New	Integra Lifesciences	$472,000	–	7,000	–	0.04%	–
TECH	New	Bio Techne	$411,000	–	4,175	–	0.04%	–
NUVA	New	NuVasive	$329,000	–	6,950	–	0.03%	–
SM	New	SM Energy	$263,000	–	5,700	–	0.02%	–
BRKB	New	Berkshire Hathaway New Cl B	$238,000	–	1,750	–	0.02%	–
EPPRC	New	El Paso Conv Pfdpfd	$201,000	–	3,600	–	0.02%	–
IDSY	New	ID Systems	$177,000	–	29,000	–	0.02%	–

Q4 2014

			Value		Shares		↓ Weighting
EPPRC	Exit	El Paso Conv Pfdpfd	$0	–	-3,050	–	-0.02%	–
NUVA	Exit	NuVasive	$0	–	-6,950	–	-0.03%	–
TECH	Exit	Techne	$0	–	-2,700	–	-0.03%	–
NFX	Exit	Newfield Exploration	$0	–	-6,600	–	-0.03%	–
CPLA	Exit	Capella Education	$0	–	-5,200	–	-0.04%	–
CSGP	Exit	Costar Group	$0	–	-2,350	–	-0.04%	–
	Exit	Berkshire Hathaway New Cl B	$0	–	-3,000	–	-0.05%	–
SM	Exit	SM Energy	$0	–	-5,700	–	-0.05%	–
	Exit	Aspen Technology Inc.	$0	–	-12,775	–	-0.06%	–
	Exit	Wright Medical Conv Sr Notesconv	$0	–	-515,000	–	-0.06%	–
OII	Exit	Oceaneering Intl	$0	–	-9,095	–	-0.07%	–
NSR	Exit	NeuStar	$0	–	-24,800	–	-0.07%	–
LQDT	Exit	Liquidity Services	$0	–	-47,900	–	-0.08%	–
GWR	Exit	Genesee & Wyoming Class A	$0	–	-8,700	–	-0.10%	–
ABCO	Exit	Advisory Board	$0	–	-18,125	–	-0.10%	–
WOOF	Exit	VCA Antech	$0	–	-22,500	–	-0.10%	–
BRC	Exit	Brady	$0	–	-40,000	–	-0.10%	–
THOR	Exit	Thoratec	$0	–	-37,700	–	-0.12%	–
IPGP	Exit	IPG Photonic	$0	–	-15,000	–	-0.12%	–
T107PS	Exit	Wright Medical	$0	–	-34,700	–	-0.12%	–
FFIV	Exit	F5 Networks	$0	–	-9,500	–	-0.13%	–
ANGO	Exit	AngioDynamics	$0	–	-84,000	–	-0.13%	–
CVLT	Exit	CommVault Systems	$0	–	-30,000	–	-0.18%	–
CERN	Exit	Cerner	$0	–	-31,200	–	-0.22%	–
IART	Exit	Integra Lifesciences	$0	–	-42,000	–	-0.24%	–
LLTC	Exit	Linear Tech	$0	–	-48,300	–	-0.25%	–
NATI	Exit	National Instruments	$0	–	-69,350	–	-0.25%	–
LNN	Exit	Lindsay	$0	–	-30,000	–	-0.26%	–
VIVO	Exit	Meridian Bioscience	$0	–	-132,050	–	-0.27%	–
DORM	Exit	Dorman Products	$0	–	-69,500	–	-0.32%	–
FWRD	Exit	Forward Air	$0	–	-69,075	–	-0.36%	–
	Exit	Integra Life Sciences Conv Srconv	$0	–	-2,950,000	–	-0.37%	–
	Exit	WebMD Health Conv Sr Notesconv	$0	–	-3,755,000	–	-0.44%	–
MDRX	Exit	Allscripts	$0	–	-296,950	–	-0.46%	–
	Exit	Abaxis	$0	–	-81,400	–	-0.48%	–
MMSI	Exit	Merit Medical Systems	$0	–	-358,750	–	-0.50%	–
KWR	Exit	Quaker Chemical	$0	–	-63,200	–	-0.53%	–
	Exit	Acxiom	$0	–	-282,500	–	-0.54%	–
BLKB	Exit	Blackbaud	$0	–	-124,800	–	-0.57%	–
CPSI	Exit	Computer Programs & Systems	$0	–	-93,000	–	-0.62%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-213,400	–	-0.71%	–
HWAY	Exit	Healthways	$0	–	-398,900	–	-0.74%	–
FTNT	Exit	Fortinet	$0	–	-286,170	–	-0.84%	–
	Exit	ACI Worldwide	$0	–	-405,300	–	-0.88%	–
ANSS	Exit	Ansys	$0	–	-104,084	–	-0.92%	–
TIBX	Exit	TIBCO Software	$0	–	-351,900	–	-0.97%	–
CRL	Exit	Charles River Labs	$0	–	-150,050	–	-1.04%	–
HURN	Exit	Huron Consulting Grp	$0	–	-151,510	–	-1.08%	–
	Exit	Albany Molecular Research Convconv	$0	–	-6,400,000	–	-1.14%	–
	Exit	AeroVironment	$0	–	-330,390	–	-1.16%	–
BRLI	Exit	Bio Reference Labs	$0	–	-365,850	–	-1.19%	–
FELE	Exit	Franklin Electric	$0	–	-321,440	–	-1.30%	–
MORN	Exit	Morningstar	$0	–	-187,970	–	-1.48%	–
TRMB	Exit	Trimble Navigation	$0	–	-434,320	–	-1.54%	–
MD	Exit	Mednax	$0	–	-248,275	–	-1.58%	–
IPCM	Exit	IPC Hospitalist	$0	–	-311,285	–	-1.62%	–
NICE	Exit	Nice Systems	$0	–	-366,305	–	-1.74%	–
CPHD	Exit	Cepheid	$0	–	-347,790	–	-1.78%	–
FORR	Exit	Forrester Research	$0	–	-446,012	–	-1.91%	–
HMSY	Exit	HMS Holdings	$0	–	-957,610	–	-2.10%	–
	Exit	NuVasive Conv Sr Notesconv	$0	–	-16,722,000	–	-2.16%	–
VRNT	Exit	Verint Systems	$0	–	-336,845	–	-2.18%	–
	Exit	Albany Molecular Research	$0	–	-879,900	–	-2.26%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-364,000	–	-2.36%	–
ZBRA	Exit	Zebra Technologies	$0	–	-310,150	–	-2.56%	–
HAE	Exit	Haemonetics	$0	–	-683,470	–	-2.78%	–
SEIC	Exit	SEI Investments	$0	–	-679,620	–	-2.86%	–
GNTX	Exit	Gentex	$0	–	-930,125	–	-2.90%	–
HOLX	Exit	Hologic	$0	–	-1,025,735	–	-2.90%	–
FDS	Exit	FactSet Research System	$0	–	-230,170	–	-3.26%	–
RMD	Exit	ResMed	$0	–	-596,450	–	-3.42%	–
LKQ	Exit	LKQ	$0	–	-1,117,158	–	-3.46%	–
IDXX	Exit	IDEXX Laboratories	$0	–	-271,043	–	-3.72%	–
ILMN	Exit	Illumina	$0	–	-204,610	–	-3.90%	–
CGNX	Exit	Cognex	$0	–	-912,845	–	-4.28%	–
ICLR	Exit	ICON PLC	$0	–	-781,005	–	-5.20%	–
MANH	Exit	Manhattan Associates	$0	–	-1,668,079	–	-6.49%	–
VRX	Exit	Valeant Pharmaceuticals Int'l	$0	–	-595,203	–	-9.09%	–

Q3 2014

			Value		Shares		↓ Weighting
VRX	Sell	Valeant Pharmaceuticals Int'l	$78,091,000	+3.9%	595,203	-0.1%	9.09%	+7.6%
MANH	Sell	Manhattan Associates	$55,747,000	-3.0%	1,668,079	-0.1%	6.49%	+0.4%
ICLR	Sell	ICON PLC	$44,697,000	+21.0%	781,005	-0.4%	5.20%	+25.3%
CGNX	Sell	Cognex	$36,760,000	+4.7%	912,845	-0.1%	4.28%	+8.4%
ILMN	Sell	Illumina	$33,540,000	-9.1%	204,610	-1.0%	3.90%	-5.9%
IDXX	Sell	IDEXX Laboratories	$31,937,000	-12.2%	271,043	-0.4%	3.72%	-9.1%
LKQ	Sell	LKQ	$29,705,000	-0.9%	1,117,158	-0.5%	3.46%	+2.6%
RMD	Sell	ResMed	$29,387,000	-3.2%	596,450	-0.5%	3.42%	+0.3%
FDS	Sell	FactSet Research System	$27,973,000	+0.5%	230,170	-0.5%	3.26%	+4.1%
HOLX	Buy	Hologic	$24,956,000	-3.7%	1,025,735	+0.4%	2.90%	-0.3%
GNTX	Buy	Gentex	$24,899,000	-7.3%	930,125	+0.7%	2.90%	-4.0%
HAE	Buy	Haemonetics	$23,867,000	+1.3%	683,470	+2.4%	2.78%	+4.9%
ZBRA	Sell	Zebra Technologies	$22,011,000	-15.4%	310,150	-1.9%	2.56%	-12.4%
JKHY	Buy	Jack Henry & Associates	$20,260,000	-1.4%	364,000	+5.3%	2.36%	+2.1%
	New	Albany Molecular Research	$19,419,000	–	879,900	–	2.26%	–
VRNT	Buy	Verint Systems	$18,732,000	+78.1%	336,845	+57.1%	2.18%	+84.4%
	Sell	NuVasive Conv Sr Notesconv	$18,561,000	-8.8%	16,722,000	-6.0%	2.16%	-5.6%
HMSY	Buy	HMS Holdings	$18,051,000	-2.1%	957,610	+6.0%	2.10%	+1.4%
FORR	Sell	Forrester Research	$16,440,000	-3.3%	446,012	-0.7%	1.91%	+0.1%
CPHD	Buy	Cepheid	$15,313,000	-6.3%	347,790	+2.0%	1.78%	-3.0%
NICE	Buy	Nice Systems	$14,942,000	+2.9%	366,305	+3.0%	1.74%	+6.6%
IPCM	Sell	IPC Hospitalist	$13,942,000	+1.0%	311,285	-0.3%	1.62%	+4.5%
MD	Buy	Mednax	$13,610,000	-3.6%	248,275	+2.3%	1.58%	-0.1%
TRMB	Buy	Trimble Navigation	$13,247,000	-10.8%	434,320	+8.0%	1.54%	-7.7%
MORN	Buy	Morningstar	$12,763,000	+3.5%	187,970	+9.4%	1.48%	+7.1%
FELE	Buy	Franklin Electric	$11,167,000	-0.3%	321,440	+15.7%	1.30%	+3.2%
BRLI	Buy	Bio Reference Labs	$10,266,000	-3.2%	365,850	+4.3%	1.19%	+0.2%
	New	AeroVironment	$9,935,000	–	330,390	–	1.16%	–
HURN	Buy	Huron Consulting Grp	$9,238,000	-12.3%	151,510	+1.9%	1.08%	-9.2%
TIBX	Buy	TIBCO Software	$8,315,000	+19.2%	351,900	+1.7%	0.97%	+23.3%
ANSS	Buy	Ansys	$7,876,000	+0.1%	104,084	+0.3%	0.92%	+3.6%
	New	ACI Worldwide	$7,603,000	–	405,300	–	0.88%	–
FTNT	Buy	Fortinet	$7,230,000	+6.8%	286,170	+6.2%	0.84%	+10.5%
HWAY	Buy	Healthways	$6,390,000	+5.3%	398,900	+15.3%	0.74%	+8.9%
HCSG	Buy	Healthcare Services Grp	$6,105,000	-2.5%	213,400	+0.3%	0.71%	+0.9%
CPSI	Sell	Computer Programs & Systems	$5,347,000	-11.0%	93,000	-1.6%	0.62%	-7.9%
	New	Acxiom	$4,675,000	–	282,500	–	0.54%	–
MMSI	Sell	Merit Medical Systems	$4,262,000	-23.2%	358,750	-2.4%	0.50%	-20.5%
	New	Abaxis	$4,128,000	–	81,400	–	0.48%	–
FWRD	Buy	Forward Air	$3,097,000	+0.8%	69,075	+7.6%	0.36%	+4.3%
DORM	Buy	Dorman Products	$2,784,000	+1313.2%	69,500	+1637.5%	0.32%	+1372.7%
CERN	Sell	Cerner	$1,859,000	+8.6%	31,200	-6.0%	0.22%	+12.5%
CVLT	Buy	CommVault Systems	$1,512,000	+53.8%	30,000	+50.0%	0.18%	+60.0%
T107PS	Sell	Wright Medical	$1,051,000	-4.6%	34,700	-1.1%	0.12%	-1.6%
THOR	Sell	Thoratec	$1,008,000	-44.9%	37,700	-28.2%	0.12%	-43.2%
BRC	Sell	Brady	$898,000	-53.0%	40,000	-37.5%	0.10%	-51.6%
ABCO	Sell	Advisory Board	$844,000	-12.8%	18,125	-2.9%	0.10%	-10.1%
GWR	Sell	Genesee & Wyoming Class A	$829,000	-12.3%	8,700	-3.3%	0.10%	-9.4%
	Sell	Wright Medical Conv Sr Notesconv	$512,000	-2.7%	515,000	-4.6%	0.06%	+1.7%
	New	Aspen Technology Inc.	$482,000	–	12,775	–	0.06%	–
	New	Berkshire Hathaway New Cl B	$414,000	–	3,000	–	0.05%	–
EPPRC	New	El Paso Conv Pfdpfd	$174,000	–	3,050	–	0.02%	–
ATW	Exit	Atwood Oceanics	$0	–	-6,500	–	-0.04%	–
BRKA	Exit	Berkshire Hathaway Cl A	$0	–	-2	–	-0.04%	–
ABAX	Exit	Abaxis	$0	–	-81,400	–	-0.40%	–
ITRI	Exit	ITRON	$0	–	-142,200	–	-0.65%	–
ACXM	Exit	Acxiom	$0	–	-282,500	–	-0.69%	–
ACIW	Exit	ACI Worldwide	$0	–	-135,100	–	-0.85%	–
AVAV	Exit	AeroVironment	$0	–	-288,140	–	-1.03%	–
AMRI	Exit	Albany Molecular Research	$0	–	-921,500	–	-2.08%	–
MCRS	Exit	Micros Systems	$0	–	-371,745	–	-2.84%	–

Q2 2014

			Value		Shares		↓ Weighting
VRX	New	Valeant Pharmaceuticals Int'l	$75,155,000	–	595,903	–	8.45%	–
MANH	New	Manhattan Associates	$57,490,000	–	1,669,779	–	6.46%	–
ICLR	New	ICON PLC	$36,942,000	–	784,155	–	4.15%	–
ILMN	New	Illumina	$36,910,000	–	206,730	–	4.15%	–
IDXX	New	IDEXX Laboratories	$36,357,000	–	272,193	–	4.09%	–
CGNX	New	Cognex	$35,098,000	–	914,015	–	3.94%	–
RMD	New	ResMed	$30,345,000	–	599,350	–	3.41%	–
LKQ	New	LKQ	$29,966,000	–	1,122,758	–	3.37%	–
FDS	New	FactSet Research System	$27,835,000	–	231,420	–	3.13%	–
GNTX	New	Gentex	$26,868,000	–	923,625	–	3.02%	–
ZBRA	New	Zebra Technologies	$26,025,000	–	316,150	–	2.92%	–
HOLX	New	Hologic	$25,910,000	–	1,022,085	–	2.91%	–
MCRS	New	Micros Systems	$25,241,000	–	371,745	–	2.84%	–
HAE	New	Haemonetics	$23,555,000	–	667,670	–	2.65%	–
SEIC	New	SEI Investments	$22,271,000	–	679,620	–	2.50%	–
JKHY	New	Jack Henry & Associates	$20,541,000	–	345,635	–	2.31%	–
	New	NuVasive Conv Sr Notesconv	$20,350,000	–	17,792,000	–	2.29%	–
AMRI	New	Albany Molecular Research	$18,541,000	–	921,500	–	2.08%	–
HMSY	New	HMS Holdings	$18,439,000	–	903,410	–	2.07%	–
FORR	New	Forrester Research	$17,009,000	–	449,012	–	1.91%	–
CPHD	New	Cepheid	$16,347,000	–	340,990	–	1.84%	–
TRMB	New	Trimble Navigation	$14,858,000	–	402,120	–	1.67%	–
NICE	New	Nice Systems	$14,520,000	–	355,805	–	1.63%	–
MD	New	Mednax	$14,117,000	–	242,775	–	1.59%	–
IPCM	New	IPC Hospitalist	$13,809,000	–	312,285	–	1.55%	–
MORN	New	Morningstar	$12,335,000	–	171,770	–	1.39%	–
FELE	New	Franklin Electric	$11,206,000	–	277,870	–	1.26%	–
BRLI	New	Bio Reference Labs	$10,603,000	–	350,850	–	1.19%	–
HURN	New	Huron Consulting Grp	$10,534,000	–	148,744	–	1.18%	–
VRNT	New	Verint Systems	$10,516,000	–	214,385	–	1.18%	–
	New	Albany Molecular Research Convconv	$9,176,000	–	6,400,000	–	1.03%	–
AVAV	New	AeroVironment	$9,163,000	–	288,140	–	1.03%	–
CRL	New	Charles River Labs	$8,031,000	–	150,050	–	0.90%	–
ANSS	New	Ansys	$7,869,000	–	103,787	–	0.88%	–
ACIW	New	ACI Worldwide	$7,543,000	–	135,100	–	0.85%	–
TIBX	New	TIBCO Software	$6,977,000	–	345,900	–	0.78%	–
FTNT	New	Fortinet	$6,771,000	–	269,420	–	0.76%	–
HCSG	New	Healthcare Services Grp	$6,263,000	–	212,725	–	0.70%	–
ACXM	New	Acxiom	$6,127,000	–	282,500	–	0.69%	–
HWAY	New	Healthways	$6,067,000	–	345,900	–	0.68%	–
CPSI	New	Computer Programs & Systems	$6,010,000	–	94,500	–	0.68%	–
ITRI	New	ITRON	$5,766,000	–	142,200	–	0.65%	–
MMSI	New	Merit Medical Systems	$5,553,000	–	367,750	–	0.62%	–
KWR	New	Quaker Chemical	$4,853,000	–	63,200	–	0.54%	–
MDRX	New	Allscripts	$4,766,000	–	296,950	–	0.54%	–
BLKB	New	Blackbaud	$4,460,000	–	124,800	–	0.50%	–
	New	WebMD Health Conv Sr Notesconv	$3,947,000	–	3,755,000	–	0.44%	–
ABAX	New	Abaxis	$3,607,000	–	81,400	–	0.40%	–
	New	Integra Life Sciences Conv Srconv	$3,179,000	–	2,950,000	–	0.36%	–
FWRD	New	Forward Air	$3,071,000	–	64,175	–	0.34%	–
VIVO	New	Meridian Bioscience	$2,726,000	–	132,050	–	0.31%	–
LNN	New	Lindsay	$2,534,000	–	30,000	–	0.28%	–
LLTC	New	Linear Tech	$2,273,000	–	48,300	–	0.26%	–
NATI	New	National Instruments	$2,246,000	–	69,350	–	0.25%	–
IART	New	Integra Lifesciences	$1,977,000	–	42,000	–	0.22%	–
BRC	New	Brady	$1,912,000	–	64,000	–	0.22%	–
THOR	New	Thoratec	$1,830,000	–	52,500	–	0.21%	–
CERN	New	Cerner	$1,712,000	–	33,200	–	0.19%	–
ANGO	New	AngioDynamics	$1,372,000	–	84,000	–	0.15%	–
T107PS	New	Wright Medical	$1,102,000	–	35,100	–	0.12%	–
FFIV	New	F5 Networks	$1,059,000	–	9,500	–	0.12%	–
IPGP	New	IPG Photonic	$1,032,000	–	15,000	–	0.12%	–
CVLT	New	CommVault Sytems	$983,000	–	20,000	–	0.11%	–
ABCO	New	Advisory Board	$968,000	–	18,675	–	0.11%	–
GWR	New	Genesee & Wyoming Class A	$945,000	–	9,000	–	0.11%	–
WOOF	New	VCA Antech	$790,000	–	22,500	–	0.09%	–
LQDT	New	Liquidity Services	$755,000	–	47,900	–	0.08%	–
OII	New	Oceaneering Intl	$711,000	–	9,095	–	0.08%	–
NSR	New	NeuStar	$645,000	–	24,800	–	0.07%	–
	New	Wright Medical Conv Sr Notesconv	$526,000	–	540,000	–	0.06%	–
SM	New	SM Energy	$479,000	–	5,700	–	0.05%	–
BRKA	New	Berkshire Hathaway Cl A	$380,000	–	2	–	0.04%	–
CSGP	New	Costar Group	$372,000	–	2,350	–	0.04%	–
ATW	New	Atwood Oceanics	$341,000	–	6,500	–	0.04%	–
NFX	New	Newfield Exploration	$292,000	–	6,600	–	0.03%	–
CPLA	New	Capella Education	$283,000	–	5,200	–	0.03%	–
NUVA	New	NuVasive	$247,000	–	6,950	–	0.03%	–
TECH	New	Techne	$250,000	–	2,700	–	0.03%	–
DORM	New	Dorman Products	$197,000	–	4,000	–	0.02%	–

Q4 2013

			Value		Shares		↓ Weighting
PGH	Exit	Pengrowth Energy Tr	$0	–	-12,000	–	-0.01%	–
CPLA	Exit	Capella Education	$0	–	-3,700	–	-0.03%	–
EPPRC	Exit	El Paso Conv Pfdpfd	$0	–	-4,000	–	-0.03%	–
CVX	Exit	Chevron	$0	–	-2,200	–	-0.04%	–
GCVRZ	Exit	Sanofi-Aventis SA	$0	–	-151,420	–	-0.04%	–
CSGP	Exit	Costar Group	$0	–	-2,350	–	-0.05%	–
LQDT	Exit	Liquidity Services	$0	–	-12,125	–	-0.06%	–
NUVA	Exit	NuVasive	$0	–	-16,950	–	-0.06%	–
DRIV	Exit	Digital River	$0	–	-24,500	–	-0.06%	–
	Exit	Wright Medical Conv Sr Notesconv	$0	–	-540,000	–	-0.07%	–
ATW	Exit	Atwood Oceanics	$0	–	-10,000	–	-0.07%	–
SM	Exit	SM Energy	$0	–	-7,200	–	-0.08%	–
OII	Exit	Oceaneering Intl	$0	–	-7,145	–	-0.08%	–
WOOF	Exit	VCA Antech	$0	–	-21,500	–	-0.08%	–
FFIV	Exit	F5 Networks	$0	–	-7,500	–	-0.09%	–
GWR	Exit	Genesee & Wyoming Class A	$0	–	-7,125	–	-0.09%	–
T107PS	Exit	Wright Medical	$0	–	-27,300	–	-0.10%	–
CRAI	Exit	CRA International	$0	–	-40,300	–	-0.10%	–
ABCO	Exit	Advisory Board	$0	–	-14,125	–	-0.11%	–
ANGO	Exit	AngioDynamics	$0	–	-84,000	–	-0.15%	–
SWKS	Exit	Skyworks Solutions	$0	–	-48,335	–	-0.16%	–
NSR	Exit	NeuStar	$0	–	-31,750	–	-0.21%	–
LLTC	Exit	Linear Tech	$0	–	-41,900	–	-0.22%	–
IART	Exit	Integra Lifesciences	$0	–	-42,000	–	-0.23%	–
THOR	Exit	Thoratec	$0	–	-47,400	–	-0.24%	–
BRC	Exit	Brady	$0	–	-64,600	–	-0.26%	–
OFIX	Exit	Orthofix	$0	–	-97,300	–	-0.27%	–
FURX	Exit	Furiex Pharmaceuticals	$0	–	-49,392	–	-0.29%	–
NATI	Exit	National Instruments	$0	–	-71,200	–	-0.30%	–
CERN	Exit	Cerner	$0	–	-44,100	–	-0.31%	–
FWRD	Exit	Forward Air	$0	–	-60,075	–	-0.32%	–
VIVO	Exit	Meridian Bioscience	$0	–	-126,050	–	-0.40%	–
	Exit	Integra Life Sciences Conv Srconv	$0	–	-2,950,000	–	-0.40%	–
	Exit	WebMD Health Conv Sr Notesconv	$0	–	-3,755,000	–	-0.48%	–
BLKB	Exit	Blackbaud	$0	–	-94,100	–	-0.49%	–
VRNT	Exit	Verint Systems	$0	–	-103,550	–	-0.52%	–
QSII	Exit	Quality Systems	$0	–	-181,150	–	-0.53%	–
AVAV	Exit	AeroVironment	$0	–	-181,400	–	-0.56%	–
ABAX	Exit	Abaxis	$0	–	-102,750	–	-0.58%	–
MMSI	Exit	Merit Medical Systems	$0	–	-367,750	–	-0.60%	–
KWR	Exit	Quaker Chemical	$0	–	-63,200	–	-0.62%	–
HCSG	Exit	Healthcare Services Grp	$0	–	-198,330	–	-0.69%	–
TIBX	Exit	TIBCO Software	$0	–	-201,900	–	-0.69%	–
MDRX	Exit	Allscripts	$0	–	-357,980	–	-0.72%	–
CPSI	Exit	Computer Programs & Systems	$0	–	-95,575	–	-0.75%	–
HWAY	Exit	Healthways	$0	–	-310,900	–	-0.77%	–
FELE	Exit	Franklin Electric	$0	–	-149,100	–	-0.79%	–
FIRE	Exit	Sourcefire	$0	–	-77,870	–	-0.79%	–
	Exit	Hologic Conv Sr Notesconv	$0	–	-6,510,000	–	-0.88%	–
CRL	Exit	Charles River Labs	$0	–	-150,850	–	-0.94%	–
ACIW	Exit	ACI Worldwide	$0	–	-135,100	–	-0.98%	–
ANSS	Exit	Ansys	$0	–	-85,292	–	-0.99%	–
ACXM	Exit	Acxiom	$0	–	-262,500	–	-1.00%	–
ITRI	Exit	ITRON	$0	–	-175,200	–	-1.01%	–
MCRS	Exit	Micros Systems	$0	–	-153,935	–	-1.03%	–
HURN	Exit	Huron Consulting Grp	$0	–	-149,092	–	-1.05%	–
KDN	Exit	Kaydon	$0	–	-267,550	–	-1.28%	–
BRLI	Exit	Bio Reference Labs	$0	–	-322,500	–	-1.29%	–
NICE	Exit	Nice Systems	$0	–	-236,450	–	-1.31%	–
TRMB	Exit	Trimble Navigation	$0	–	-331,050	–	-1.32%	–
MD	Exit	Mednax	$0	–	-99,200	–	-1.34%	–
AMRI	Exit	Albany Molecular Research	$0	–	-776,000	–	-1.34%	–
ARTC	Exit	ArthroCare	$0	–	-307,500	–	-1.47%	–
MORN	Exit	Morningstar	$0	–	-146,785	–	-1.56%	–
CPHD	Exit	Cepheid	$0	–	-301,810	–	-1.58%	–
IPCM	Exit	IPC Hospitalist	$0	–	-252,440	–	-1.73%	–
ZBRA	Exit	Zebra Technologies	$0	–	-312,550	–	-1.91%	–
HMSY	Exit	HMS Holdings	$0	–	-682,295	–	-1.97%	–
JKHY	Exit	Jack Henry & Associates	$0	–	-315,555	–	-2.19%	–
FORR	Exit	Forrester Research	$0	–	-460,937	–	-2.27%	–
	Exit	NuVasive Conv Sr Notesconv	$0	–	-17,845,000	–	-2.34%	–
SEIC	Exit	SEI Investments	$0	–	-570,100	–	-2.37%	–
ILMN	Exit	Illumina	$0	–	-217,975	–	-2.37%	–
HOLX	Exit	Hologic	$0	–	-985,960	–	-2.73%	–
GNTX	Exit	Gentex	$0	–	-901,110	–	-3.10%	–
FDS	Exit	FactSet Research System	$0	–	-214,365	–	-3.14%	–
IDXX	Exit	IDEXX Laboratories	$0	–	-269,450	–	-3.60%	–
RMD	Exit	ResMed	$0	–	-525,125	–	-3.72%	–
HAE	Exit	Haemonetics	$0	–	-701,020	–	-3.75%	–
CGNX	Exit	Cognex	$0	–	-905,370	–	-3.80%	–
ICLR	Exit	ICON PLC	$0	–	-741,985	–	-4.08%	–
LKQ	Exit	LKQ	$0	–	-972,568	–	-4.16%	–
MANH	Exit	Manhattan Associates	$0	–	-429,716	–	-5.51%	–
VRX	Exit	Valeant Pharmaceuticals Int'l	$0	–	-735,403	–	-10.30%	–

Q3 2013

			Value		Shares		↓ Weighting
VRX	Sell	Valeant Pharmaceuticals Int'l	$76,725,000	+12.0%	735,403	-7.6%	10.30%	+0.2%
MANH	Sell	Manhattan Associates	$41,016,000	+22.3%	429,716	-1.1%	5.51%	+9.4%
LKQ	Sell	LKQ	$30,996,000	+23.7%	972,568	-0.1%	4.16%	+10.6%
ICLR	Sell	ICON PLC	$30,369,000	+14.2%	741,985	-1.2%	4.08%	+2.1%
CGNX	Buy	Cognex	$28,329,000	+38.4%	905,370	+100.0%	3.80%	+23.7%
HAE	Buy	Haemonetics	$27,957,000	-0.3%	701,020	+3.4%	3.75%	-10.9%
RMD	Buy	ResMed	$27,737,000	+20.7%	525,125	+3.1%	3.72%	+7.9%
IDXX	Buy	IDEXX Laboratories	$26,851,000	+12.1%	269,450	+0.9%	3.60%	+0.2%
FDS	Buy	FactSet Research System	$23,387,000	+7.1%	214,365	+0.0%	3.14%	-4.3%
GNTX	Buy	Gentex	$23,059,000	+12.2%	901,110	+1.0%	3.10%	+0.3%
HOLX	Buy	Hologic	$20,360,000	+17.1%	985,960	+9.5%	2.73%	+4.8%
SEIC	Buy	SEI Investments	$17,622,000	+9.3%	570,100	+0.6%	2.37%	-2.2%
ILMN	Sell	Illumina	$17,619,000	+7.7%	217,975	-0.3%	2.37%	-3.7%
	Buy	NuVasive Conv Sr Notesconv	$17,399,000	+4.8%	17,845,000	+6.0%	2.34%	-6.3%
FORR	Buy	Forrester Research	$16,935,000	+0.9%	460,937	+0.7%	2.27%	-9.8%
JKHY	Buy	Jack Henry & Associates	$16,302,000	+11.9%	315,555	+2.1%	2.19%	+0.0%
HMSY	Buy	HMS Holdings	$14,663,000	+11.1%	682,295	+20.5%	1.97%	-0.6%
IPCM	Buy	IPC Hospitalist	$12,877,000	-0.6%	252,440	+0.1%	1.73%	-11.1%
CPHD	Buy	Cepheid	$11,783,000	+28.9%	301,810	+13.6%	1.58%	+15.2%
ARTC	New	ArthroCare	$10,941,000	–	307,500	–	1.47%	–
AMRI	New	Albany Molecular Research	$10,003,000	–	776,000	–	1.34%	–
TRMB	Buy	Trimble Navigation	$9,835,000	+14.8%	331,050	+0.4%	1.32%	+2.7%
NICE	Buy	Nice Systems	$9,782,000	+25.5%	236,450	+11.9%	1.31%	+12.2%
HURN	Buy	Huron Consulting Grp	$7,844,000	+14.7%	149,092	+0.8%	1.05%	+2.5%
MCRS	Buy	Micros Systems	$7,688,000	+23.8%	153,935	+6.9%	1.03%	+10.6%
ACXM	New	Acxiom	$7,452,000	–	262,500	–	1.00%	–
ANSS	Sell	Ansys	$7,379,000	+18.3%	85,292	-0.1%	0.99%	+5.8%
ACIW	New	ACI Worldwide	$7,304,000	–	135,100	–	0.98%	–
	Sell	Hologic Conv Sr Notesconv	$6,518,000	-1.3%	6,510,000	-1.1%	0.88%	-11.8%
FIRE	Sell	Sourcefire	$5,912,000	+36.0%	77,870	-0.5%	0.79%	+21.6%
FELE	Buy	Franklin Electric	$5,875,000	+17.3%	149,100	+0.2%	0.79%	+4.9%
TIBX	Buy	TIBCO Software	$5,167,000	+35.0%	201,900	+12.9%	0.69%	+20.7%
HCSG	Buy	Healthcare Services Grp	$5,109,000	+5.2%	198,330	+0.1%	0.69%	-5.9%
MMSI	Buy	Merit Medical Systems	$4,461,000	+9.4%	367,750	+0.6%	0.60%	-2.1%
ABAX	New	Abaxis	$4,327,000	–	102,750	–	0.58%	–
AVAV	New	AeroVironment	$4,190,000	–	181,400	–	0.56%	–
QSII	Sell	Quality Systems	$3,936,000	+15.1%	181,150	-0.9%	0.53%	+2.9%
VRNT	Buy	Verint Systems	$3,838,000	+16.4%	103,550	+11.4%	0.52%	+4.0%
CERN	Buy	Cerner	$2,317,000	+9.3%	44,100	+100.0%	0.31%	-2.2%
THOR	Buy	Thoratec	$1,768,000	+20.9%	47,400	+1.5%	0.24%	+7.7%
SWKS	Sell	Skyworks Solutions	$1,201,000	+12.8%	48,335	-0.6%	0.16%	+0.6%
CRAI	Sell	CRA International	$750,000	-18.7%	40,300	-19.4%	0.10%	-27.3%
T107PS	Sell	Wright Medical	$712,000	-4.0%	27,300	-3.5%	0.10%	-13.5%
FFIV	Buy	F5 Networks	$644,000	+44.1%	7,500	+15.4%	0.09%	+28.4%
WOOF	New	VCA Antech	$590,000	–	21,500	–	0.08%	–
ATW	New	Atwood Oceanics	$550,000	–	10,000	–	0.07%	–
DRIV	Sell	Digital River	$438,000	-24.7%	24,500	-21.0%	0.06%	-32.2%
LQDT	Sell	Liquidity Services	$406,000	-25.5%	12,125	-22.9%	0.06%	-32.9%
CVX	Buy	Chevron	$267,000	+18.7%	2,200	+15.8%	0.04%	+5.9%
CPLA	New	Capella Education	$209,000	–	3,700	–	0.03%	–
	Exit	Atwood Oceanics	$0	–	-11,000	–	-0.09%	–
	Exit	AeroVironment	$0	–	-181,000	–	-0.55%	–
	Exit	Abaxis	$0	–	-102,750	–	-0.73%	–
	Exit	Acxiom	$0	–	-256,500	–	-0.87%	–
ORLY	Exit	O'Reilly Automotive	$0	–	-55,000	–	-0.93%	–
	Exit	ACI Worldwide	$0	–	-135,100	–	-0.94%	–
	Exit	Albany Molecular Research	$0	–	-751,000	–	-1.34%	–
	Exit	ArthroCare	$0	–	-300,524	–	-1.56%	–

Q2 2013

			Value		Shares		↓ Weighting
VRX	New	Valeant Pharmaceuticals Int'l	$68,498,000	–	795,743	–	10.28%	–
MANH	New	Manhattan Associates	$33,533,000	–	434,591	–	5.04%	–
HAE	New	Haemonetics	$28,044,000	–	678,220	–	4.21%	–
ICLR	New	ICON PLC	$26,597,000	–	750,685	–	3.99%	–
LKQ	New	LKQ	$25,057,000	–	973,068	–	3.76%	–
IDXX	New	IDEXX Laboratories	$23,959,000	–	267,130	–	3.60%	–
RMD	New	ResMed	$22,988,000	–	509,375	–	3.45%	–
FDS	New	FactSet Research System	$21,843,000	–	214,275	–	3.28%	–
GNTX	New	Gentex	$20,559,000	–	891,910	–	3.09%	–
CGNX	New	Cognex	$20,470,000	–	452,685	–	3.07%	–
HOLX	New	Hologic	$17,380,000	–	900,510	–	2.61%	–
FORR	New	Forrester Research	$16,790,000	–	457,612	–	2.52%	–
	New	NuVasive Conv Sr Notesconv	$16,601,000	–	16,832,000	–	2.49%	–
ILMN	New	Illumina	$16,358,000	–	218,575	–	2.46%	–
SEIC	New	SEI Investments	$16,116,000	–	566,850	–	2.42%	–
JKHY	New	Jack Henry & Associates	$14,570,000	–	309,135	–	2.19%	–
ZBRA	New	Zebra Technologies	$13,577,000	–	312,550	–	2.04%	–
HMSY	New	HMS Holdings	$13,194,000	–	566,245	–	1.98%	–
IPCM	New	IPC Hospitalist	$12,955,000	–	252,240	–	1.94%	–
MORN	New	Morningstar	$11,388,000	–	146,785	–	1.71%	–
	New	ArthroCare	$10,377,000	–	300,524	–	1.56%	–
BRLI	New	Bio Reference Labs	$9,272,000	–	322,500	–	1.39%	–
CPHD	New	Cepheid	$9,141,000	–	265,580	–	1.37%	–
MD	New	Mednax	$9,085,000	–	99,200	–	1.36%	–
	New	Albany Molecular Research	$8,914,000	–	751,000	–	1.34%	–
TRMB	New	Trimble Navigation	$8,566,000	–	329,600	–	1.29%	–
NICE	New	Nice Systems	$7,794,000	–	211,275	–	1.17%	–
ITRI	New	ITRON	$7,434,000	–	175,200	–	1.12%	–
KDN	New	Kaydon	$7,371,000	–	267,550	–	1.11%	–
HURN	New	Huron Consulting Grp	$6,841,000	–	147,942	–	1.03%	–
	New	Hologic Conv Sr Notesconv	$6,606,000	–	6,585,000	–	0.99%	–
	New	ACI Worldwide	$6,279,000	–	135,100	–	0.94%	–
ANSS	New	Ansys	$6,240,000	–	85,367	–	0.94%	–
MCRS	New	Micros Systems	$6,211,000	–	143,935	–	0.93%	–
ORLY	New	O'Reilly Automotive	$6,194,000	–	55,000	–	0.93%	–
CRL	New	Charles River Labs	$6,189,000	–	150,850	–	0.93%	–
	New	Acxiom	$5,817,000	–	256,500	–	0.87%	–
HWAY	New	Healthways	$5,403,000	–	310,900	–	0.81%	–
FELE	New	Franklin Electric	$5,009,000	–	148,860	–	0.75%	–
	New	Abaxis	$4,882,000	–	102,750	–	0.73%	–
HCSG	New	Healthcare Services Grp	$4,858,000	–	198,105	–	0.73%	–
CPSI	New	Computer Programs & Systems	$4,697,000	–	95,575	–	0.70%	–
MDRX	New	Allscripts	$4,632,000	–	357,980	–	0.70%	–
FIRE	New	Sourcefire	$4,348,000	–	78,270	–	0.65%	–
MMSI	New	Merit Medical Systems	$4,076,000	–	365,600	–	0.61%	–
KWR	New	Quaker Chemical	$3,919,000	–	63,200	–	0.59%	–
TIBX	New	TIBCO Software	$3,827,000	–	178,800	–	0.58%	–
	New	AeroVironment	$3,653,000	–	181,000	–	0.55%	–
	New	WebMD Health Conv Sr Notesconv	$3,473,000	–	3,755,000	–	0.52%	–
QSII	New	Quality Systems	$3,420,000	–	182,800	–	0.51%	–
VRNT	New	Verint Systems	$3,297,000	–	92,950	–	0.50%	–
BLKB	New	Blackbaud	$3,065,000	–	94,100	–	0.46%	–
	New	Integra Life Sciences Conv Srconv	$2,884,000	–	2,950,000	–	0.43%	–
VIVO	New	Meridian Bioscience	$2,710,000	–	126,050	–	0.41%	–
OFIX	New	Orthofix	$2,617,000	–	97,300	–	0.39%	–
FWRD	New	Forward Air	$2,300,000	–	60,075	–	0.34%	–
CERN	New	Cerner	$2,119,000	–	22,050	–	0.32%	–
NATI	New	National Instruments	$1,989,000	–	71,200	–	0.30%	–
BRC	New	Brady	$1,985,000	–	64,600	–	0.30%	–
FURX	New	Furiex Pharmaceuticals	$1,683,000	–	49,392	–	0.25%	–
LLTC	New	Linear Tech	$1,544,000	–	41,900	–	0.23%	–
NSR	New	NeuStar	$1,546,000	–	31,750	–	0.23%	–
IART	New	Integra Lifesciences	$1,538,000	–	42,000	–	0.23%	–
THOR	New	Thoratec	$1,462,000	–	46,700	–	0.22%	–
SWKS	New	Skyworks Solutions	$1,065,000	–	48,635	–	0.16%	–
ANGO	New	AngioDynamics	$948,000	–	84,000	–	0.14%	–
CRAI	New	CRA International	$923,000	–	50,000	–	0.14%	–
ABCO	New	Advisory Board	$772,000	–	14,125	–	0.12%	–
T107PS	New	Wright Medical	$742,000	–	28,300	–	0.11%	–
GWR	New	Genesee & Wyoming Class A	$604,000	–	7,125	–	0.09%	–
DRIV	New	Digital River	$582,000	–	31,000	–	0.09%	–
	New	Atwood Oceanics	$573,000	–	11,000	–	0.09%	–
	New	Wright Medical Conv Sr Notesconv	$552,000	–	540,000	–	0.08%	–
LQDT	New	Liquidity Services	$545,000	–	15,725	–	0.08%	–
OII	New	Oceaneering Intl	$516,000	–	7,145	–	0.08%	–
FFIV	New	F5 Networks	$447,000	–	6,500	–	0.07%	–
SM	New	SM Energy	$432,000	–	7,200	–	0.06%	–
NUVA	New	NuVasive	$420,000	–	16,950	–	0.06%	–
CSGP	New	Costar Group	$303,000	–	2,350	–	0.04%	–
GCVRZ	New	Sanofi-Aventis SA	$288,000	–	151,420	–	0.04%	–
EPPRC	New	El Paso Conv Pfdpfd	$234,000	–	4,000	–	0.04%	–
CVX	New	Chevron	$225,000	–	1,900	–	0.03%	–
PGH	New	Pengrowth Energy Tr	$59,000	–	12,000	–	0.01%	–

Compare quarters

Export AMERICAN CAPITAL MANAGEMENT INC's holdings