-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TDGxjX2qszMHOX351L7BCDO/jM39cu82NOUtha6tv/pb8qFcIdJ0yYIbaOm3qwjc lRlbXZBBAclNxAlLNt4qGg== 0001144204-07-040276.txt : 20070806 0001144204-07-040276.hdr.sgml : 20070806 20070806061412 ACCESSION NUMBER: 0001144204-07-040276 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070630 FILED AS OF DATE: 20070806 DATE AS OF CHANGE: 20070806 EFFECTIVENESS DATE: 20070806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMERALD ADVISERS INC/PA CENTRAL INDEX KEY: 0001015083 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05618 FILM NUMBER: 071025567 BUSINESS ADDRESS: STREET 1: 1857 WILLIAM PENN WAY STREET 2: SUITE 203 CITY: LANCASTER STATE: PA ZIP: 17601 BUSINESS PHONE: 7173961116 13F-HR 1 v083061_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2007 Check here if Amendment |_|; Amendment Number: ___ This Amendment (Check only one.): |_| is a restatement. |_| adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Emerald Advisers, Inc. Address: 1703 Oregon Pike Suite 101 Lancaster, PA 17601 Form 13F File Number: 028-05618 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Kenneth G. Mertz II Title: President Phone: 717-396-1116 Signature, Place, and Date of Signing: Kenneth G. Mertz II Lancaster, Pennsylvania July 23, 2007 Report Type (Check only one.): |X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report. |_| 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) |_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None. Form 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 346 FORM 13F INFORMATION TABLE VALUE TOTAL: $1,994,219 (thousands) List of other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state NONE and omit the column headings and list entries.] NONE EMERALD ADVISERS PAGE 1 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 99 CENTS ONLY STORES COM COM 65440K106 9424 718829 SH SOLE 507529 0 211300 AAR CORP COM COM 000361105 19597 593660 SH SOLE 417660 0 176000 AARON RENTS INC CL B COM 002535201 25270 865411 SH SOLE 565061 0 300350 ABINGTON COMMUNITY BANCORP COM 00350L109 565 59200 SH SOLE 0 0 59200 ACCESS NATL CORP COM COM 004337101 214 24216 SH SOLE 24216 0 0 ACNB CORP COM COM 000868109 268 14945 SH SOLE 420 0 14525 ACTIVISION INC NEW COM NEW COM 004930202 488 26142 SH SOLE 26142 0 0 ADAMS RESPIRATORY THERAPEUTICO COM 00635P107 5335 135450 SH SOLE 94100 0 41350 ADVANTA CORP CL B COM 007942204 9081 291616 SH SOLE 48075 0 243541 ADVENTRX PHARMACEUTICALS INCCO COM 00764X103 6273 2469650 SH SOLE 1716650 0 753000 AEROPOSTALE INC COM 007865108 9781 234665 SH SOLE 167315 0 67350 AES CORP COM COM 00130H105 862 39415 SH SOLE 39415 0 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 1555 12077 SH SOLE 12077 0 0 AIRGAS INC COM COM 009363102 46805 977130 SH SOLE 556728 0 420402 AKAMAI TECHNOLOGIES INC COM COM 00971T101 542 11147 SH SOLE 11147 0 0 ALABAMA NATL BANCORPORATION CO COM 010317105 547 8850 SH SOLE 8850 0 0 ALLEGHENY TECHNOLOGIES INC COM COM 01741R102 16193 154392 SH SOLE 79338 0 75054 ALLIANCE DATA SYS CORP COM COM 018581108 249 3219 SH SOLE 3219 0 0 AMERICA FIRST APT INV INC COM COM 02363X104 327 13201 SH SOLE 13201 0 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 274 9700 SH SOLE 9700 0 0 AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 2643 103000 SH SOLE 4800 0 98200 AMERICAN INTL GROUP INC COM COM 026874107 265 3778 SH SOLE 3778 0 0 AMERICAN MED SYS HLDGS INC COM COM 02744M108 17978 996538 SH SOLE 708386 0 288152 AMETEK INC NEW COM COM 031100100 7807 196745 SH SOLE 8445 0 188300 AMTRUST FINANCIAL SERVICES ICO COM 032359309 400 21300 SH SOLE 21300 0 0 ANADIGICS INC COM COM 032515108 13492 978391 SH SOLE 700296 0 278095 ANALOGIC CORP COM PAR $0.05 COM 032657207 11870 161473 SH SOLE 112446 0 49027 ANSOFT CORP COM COM 036384105 22528 763931 SH SOLE 343426 0 420505 ANSYS INC COM COM 03662Q105 38396 1448887 SH SOLE 766249 0 682638 APOGEE ENTERPRISES INC COM COM 037598109 20560 739020 SH SOLE 524337 0 214683 APPLEBEES INTL INC COM COM 037899101 394 16366 SH SOLE 16366 0 0 AQUA AMERICA INC COM 03836W103 5604 249199 SH SOLE 15266 0 233933 ARRIS GROUP INC COM COM 04269Q100 6040 343370 SH SOLE 241590 0 101780 ARROW INTL INC COM COM 042764100 1988 51934 SH SOLE 3600 0 48334 ASSURANT INC COM COM 04621X108 756 12824 SH SOLE 12824 0 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 10297 333870 SH SOLE 235370 0 98500 ATWOOD OCEANICS INC COM COM 050095108 8958 130550 SH SOLE 91950 0 38600 AUXILIUM PHARMACEUTICALS INCCO COM 05334D107 858 53800 SH SOLE 6600 0 47200 AVIZA TECHNOLOGY INC COM COM 05381A105 458 77704 SH SOLE 70917 0 6787 BAKER MICHAEL CORP COM COM 057149106 15616 420343 SH SOLE 44686 0 375657 BALL CORP COM COM 058498106 752 14138 SH SOLE 14138 0 0 BANK OF AMER CORP COM COM 060505104 368 7518 SH SOLE 7518 0 0 BANK OF THE OZARKS INC COM COM 063904106 333 11939 SH SOLE 11939 0 0 BANKRATE INC COM COM 06646V108 14578 304214 SH SOLE 217114 0 87100 BARE ESCENTUALS INC COM 067511105 16586 485695 SH SOLE 353400 0 132295 BE AEROSPACE INC COM COM 073302101 41936 1015388 SH SOLE 722238 0 293150 BIOMARIN PHARMACEUTICAL INC CO COM 09061G101 628 35011 SH SOLE 35011 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 3917 250585 SH SOLE 178902 0 71683 BIO-REFERENCE LABS INC COM PAR COM 09057G602 14147 517256 SH SOLE 363940 0 153316 BJ SVCS CO COM COM 055482103 522 18341 SH SOLE 18341 0 0 BLACK BOX CORP COM COM 091826107 1283 31000 SH SOLE 2900 0 28100
EMERALD ADVISERS PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BLACKBOARD INC COM COM 091935502 35901 852348 SH SOLE 581187 0 271161 BORG WARNER AUTOMOTIVE INC COM COM 099724106 266 3092 SH SOLE 3092 0 0 BROADCOM CORP COM COM 111320107 757 25897 SH SOLE 25897 0 0 BROOKE CORP COM COM 112502109 252 17042 SH SOLE 17042 0 0 BUSINESS OBJECTS S A SPONSORED COM 12328X107 327 8409 SH SOLE 8409 0 0 C COR ELECTRS INC COM COM 125010108 1188 84500 SH SOLE 8200 0 76300 C H ROBINSON WORLDWIDE INC COM COM 12541W209 533 10145 SH SOLE 10145 0 0 CACHE INC COM NEW COM 127150308 4119 310384 SH SOLE 217728 0 92656 CALGON CARBON CORP COM COM 129603106 2188 188637 SH SOLE 11124 0 177513 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 9986 464880 SH SOLE 326100 0 138780 CALLIDUS SOFTWARE INC COM COM 13123E500 756 93348 SH SOLE 84590 0 8758 CAMDEN NATL CORP COM COM 133034108 364 9300 SH SOLE 9300 0 0 CAMERON INTERNATIONAL CORP COM COM 13342B105 465 6503 SH SOLE 6503 0 0 CARDIOME PHARMA CORP COM NEW COM 14159U202 4873 529094 SH SOLE 365388 0 163706 CARLISLE COS INC COM COM 142339100 354 7601 SH SOLE 7601 0 0 CARPENTER TECHNOLOGY CORP COM COM 144285103 3088 23700 SH SOLE 1600 0 22100 CARRIZO OIL & GAS INC COM COM 144577103 18434 444518 SH SOLE 320882 0 123636 CASCADE FINL CORP COM COM 147272108 557 35216 SH SOLE 35216 0 0 CELGENE CORP COM COM 151020104 1182 20625 SH SOLE 20625 0 0 CENTRAL PACIFIC FINANCIAL CORP COM 154760102 534 16170 SH SOLE 16170 0 0 CEPHALON INC COM COM 156708109 3167 39400 SH SOLE 2400 0 37000 CHARLES RIV LABORATORIES INTCO COM 159864107 330 6391 SH SOLE 6391 0 0 CHARMING SHOPPES INC COM COM 161133103 974 89900 SH SOLE 6200 0 83700 CHEVRONTEXACO CORPORATION COM 166764100 389 4619 SH SOLE 4619 0 0 CHICAGO BRIDGE & IRON CO N Y R COM 167250109 337 8917 SH SOLE 8917 0 0 CHIQUITA BRANDS INTL INC COM COM 170032809 11139 587497 SH SOLE 415113 0 172384 CIENA CORP COM 171779309 3317 91807 SH SOLE 29507 0 62300 CITIGROUP INC COM COM 172967101 327 6371 SH SOLE 6371 0 0 CITRIX SYS INC COM COM 177376100 422 12525 SH SOLE 12525 0 0 COACH INC COM COM 189754104 789 16642 SH SOLE 16642 0 0 COBIZ INC COM COM 190897108 598 33009 SH SOLE 33009 0 0 CODORUS VALLEY BANCORP COM COM 192025104 1520 80753 SH SOLE 6525 0 74228 COGENT COMMUNICATIONS GROUP CO COM 19239V302 7790 260810 SH SOLE 185850 0 74960 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 15498 206637 SH SOLE 143453 0 63184 COLDWATER CREEK INC COM COM 193068103 10902 469305 SH SOLE 337085 0 132220 COLONIAL BANCGROUP INC COM COM 195493309 594 23800 SH SOLE 23800 0 0 COMPASS DIVERSIFIED TR COM 20451Q104 5159 289318 SH SOLE 83425 0 205893 CONOCOPHILLIPS COM COM 20825C104 344 4377 SH SOLE 4377 0 0 CORPORATE OFFICE PPTYS TR COM COM 22002T108 447 10910 SH SOLE 10910 0 0 CORRECTIONS CORP AMER NEW COM COM 22025Y407 662 20986 SH SOLE 20986 0 0 COVANTA HLDG CORP COM COM 22282E102 644 26126 SH SOLE 26126 0 0 CROCS INC COM COM 227046109 44356 1031532 SH SOLE 678656 0 352876 CROWN HOLDINGS INC COM COM 228368106 2013 80600 SH SOLE 4800 0 75800 CULLEN FROST BANKERS INC COM COM 229899109 201 3767 SH SOLE 3767 0 0 CYPRESS SEMICONDUCTOR CORP COM COM 232806109 523 22468 SH SOLE 22468 0 0 C&D TECHNOLOGIES INC COM COM 124661109 3065 547400 SH SOLE 37500 0 509900 DAKTRONICS INC COM COM 234264109 4773 222200 SH SOLE 156500 0 65700 DALECO RES CORP COM NEW COM 23437P208 210 687500 SH SOLE 0 0 687500 DEAN FOODS INC NEW COM COM 242370104 336 10557 SH SOLE 10557 0 0 DENTSPLY INTL INC NEW COM COM 249030107 5641 147446 SH SOLE 9700 0 137746 DIAMOND MGMT & TECHNOLOGY COM 25269L106 14053 1064623 SH SOLE 752390 0 312233
EMERALD ADVISERS PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- DIAMOND OFFSHORE DRILLNG INCCO COM 25271C102 506 4982 SH SOLE 4982 0 0 DICKS SPORTING GOODS INC OC-CO COM 253393102 5890 101255 SH SOLE 5955 0 95300 DIGENE CORP COM COM 253752109 29479 490912 SH SOLE 334233 0 156679 DOLBY LABORATORIES INC COM COM 25659T107 547 15453 SH SOLE 15453 0 0 DONEGAL GROUP INC J CL A COM 257701201 1570 105373 SH SOLE 6047 0 99326 DR REDDYS LABS LTD ADR COM 256135203 390 24159 SH SOLE 24159 0 0 E TRADE GROUP INC COM COM 269246104 707 32000 SH SOLE 32000 0 0 EAST PENN FINL CORP COM COM 274287101 2911 202041 SH SOLE 28515 0 173526 EAST WEST BANCORP INC COM COM 27579R104 862 22173 SH SOLE 22173 0 0 EASTERN INS HLDGS INC COM COM 276534104 1117 70300 SH SOLE 6700 0 63600 EMERGENCY MEDICAL SVCS CORP CL COM 29100P102 7114 181800 SH SOLE 128400 0 53400 ENTERCOM COMMUNICATIONS CORP COM 293639100 1381 55500 SH SOLE 3200 0 52300 ENVIRONMENTAL TECTONICS CORPCO COM 294092101 1609 696669 SH SOLE 263719 0 432950 EQUITABLE RES INC COM COM 294549100 3102 62600 SH SOLE 3700 0 58900 ERIE INDTY CO CL A COM 29530P102 3904 72243 SH SOLE 9440 0 62803 ESCO TECHNOLOGIES INC COM COM 296315104 7705 212480 SH SOLE 151080 0 61400 EVERCORE PARTNERS INC-CL A COM 29977A105 383 12850 SH SOLE 12850 0 0 EXXON CORPORATION COM 30231G102 728 8681 SH SOLE 8681 0 0 F N B CORP PA COM COM 302520101 2928 174900 SH SOLE 33300 0 141600 F N B CORP VA COM COM 302930102 255 7111 SH SOLE 7111 0 0 F5 NETWORKS INC COM COM 315616102 490 6080 SH SOLE 6080 0 0 FAIRCHILD SEMICONDUCTOR INTLCL COM 303726103 4954 256400 SH SOLE 180500 0 75900 FEI CO COM COM 30241L109 9101 280387 SH SOLE 197197 0 83190 FELCOR LODGING TR INC COM COM 31430F101 390 15000 SH SOLE 15000 0 0 FIDELITY BANCORP INC COM COM 315831107 271 15758 SH SOLE 15758 0 0 FINISAR CORP COM COM 31787A101 13667 3615599 SH SOLE 2619599 0 996000 FIRST MERCURY FINANCIAL CORP COM 320841109 679 32400 SH SOLE 32400 0 0 FIRST REGIONAL BANCORP COM COM 33615C101 790 31041 SH SOLE 31041 0 0 FIRST SECURITY GROUP INC COM 336312103 139 12900 SH SOLE 12900 0 0 FIRST ST BANCORPORATION COM COM 336453105 255 12000 SH SOLE 12000 0 0 FORCE PROTECTION INC COM NEW COM 345203202 4865 235700 SH SOLE 165800 0 69900 FORTRESS INVESTMENT GRP-CL A COM 34958B106 374 15700 SH SOLE 15700 0 0 FOSTER L B CO COM COM 350060109 2340 81599 SH SOLE 5699 0 75900 FRONTIER OIL CORP COM COM 35914P105 415 9476 SH SOLE 9476 0 0 GAMESTOP CORPORATION CLASS A COM 36467W109 975 24929 SH SOLE 24929 0 0 GATEWAY FINL HLDGS INC COM COM 368140109 349 23880 SH SOLE 23880 0 0 GAYLORD ENTMT CO NEW COM COM 367905106 651 12141 SH SOLE 12141 0 0 GENERAL ELEC CO COM 369604103 300 7839 SH SOLE 7839 0 0 GENTEX CORP COM COM 371901109 708 35955 SH SOLE 35955 0 0 GEN-PROBE INC NEW COM COM 36866T103 34201 566055 SH SOLE 366015 0 200040 GEO GROUP INC COM 36159R103 8414 289150 SH SOLE 203950 0 85200 GERDAU AMERISTEEL CORP COM COM 37373P105 312 21302 SH SOLE 21302 0 0 GLATFELTER P H CO COM COM 377316104 2112 155400 SH SOLE 10700 0 144700 GOODRICH B F CO COM COM 382388106 474 7953 SH SOLE 7953 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 664 19092 SH SOLE 19092 0 0 GRANT PRIDECO INC COM COM 38821G101 512 9520 SH SOLE 9520 0 0 GREIF BROS CORP COM 397624107 2514 42180 SH SOLE 33040 0 9140 GSI COMM INC COM COM 36238G102 16675 734264 SH SOLE 367844 0 366420 HARRIS CORP DEL COM COM 413875105 1386 25408 SH SOLE 25408 0 0 HARSCO CORP COM COM 415864107 6609 127089 SH SOLE 29289 0 97800 HEALTH BENEFITS DIRECT CORP CO COM 42220V107 611 260000 SH SOLE 18100 0 241900
EMERALD ADVISERS PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- HEALTHCARE SVCS GROUP INC COM COM 421906108 360 12200 SH SOLE 700 0 11500 HELIX ENERGY SOLUTIONS GRP INC COM 42330P107 528 13225 SH SOLE 13225 0 0 HERCULES OFFSHORE INC COM COM 427093109 7863 242842 SH SOLE 167446 0 75396 HERSHA HOSPITALITY TR PRIORITY COM 427825104 4522 382600 SH SOLE 53400 0 329200 HIBBETT SPORTS INC COM COM 428567101 5143 187844 SH SOLE 132170 0 55674 HOLOGIC INC COM 436440101 7505 135689 SH SOLE 100039 0 35650 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 6856 176883 SH SOLE 124066 0 52817 ICONIX BRAND GROUP INC COM COM 451055107 28471 1281302 SH SOLE 877449 0 403853 IDEXX LABORATORIES CORP COM COM 45168D104 692 7310 SH SOLE 7310 0 0 IGATE CAPITAL CO COM 45169U105 719 89614 SH SOLE 6000 0 83614 II-VI INC COM COM 902104108 23326 858513 SH SOLE 489448 0 369065 INNOVATIVE SOLUTIONS & SUPPOCO COM 45769N105 467 20100 SH SOLE 2400 0 17700 INTEGRA LIFESCIENCES HLDG COCO COM 457985208 6654 134649 SH SOLE 95200 0 39449 INTERCONTINENTALEXCHANGE INCCO COM 45865V100 1304 8818 SH SOLE 8818 0 0 INTERDIGITAL COMMUNICATION COM COM 45866A105 3022 93937 SH SOLE 5300 0 88637 INTERNAP NETWORK SERVICES CORP COM 45885A300 10320 715665 SH SOLE 506900 0 208765 INTERNATIONAL BANCSHARES CORCO COM 459044103 324 12659 SH SOLE 12659 0 0 INTERNATIONAL GAME TECH COM COM 459902102 394 9936 SH SOLE 9936 0 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 18699 1508002 SH SOLE 742743 0 765259 INVESTMENT TECHNOLOGY GRP NECO COM 46145F105 373 8600 SH SOLE 8600 0 0 ITT INDS INC IND COM COM 450911102 905 13259 SH SOLE 13259 0 0 IXIA COM COM 45071R109 13801 1490430 SH SOLE 1071861 0 418569 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 6710 192251 SH SOLE 135767 0 56484 JABIL CIRCUIT INC COM COM 466313103 320 14510 SH SOLE 14510 0 0 JACOBS ENGR GROUP INC COM COM 469814107 545 9473 SH SOLE 9473 0 0 JARDEN CORP COM COM 471109108 1863 43311 SH SOLE 28811 0 14500 JMP Group Inc. COM 46629U107 150 14400 SH SOLE 14400 0 0 JONES LANG LASALLE INC COM COM 48020Q107 813 7165 SH SOLE 7165 0 0 JOY GLOBAL INC COM COM 481165108 747 12802 SH SOLE 12802 0 0 JPMORGAN CHASE & CO COM COM 46625H100 251 5181 SH SOLE 5181 0 0 KENEXA CORP COM COM 488879107 24795 657529 SH SOLE 383418 0 274111 KENNAMETAL INC COM COM 489170100 24044 293110 SH SOLE 154010 0 139100 KENSEY NASH CORP COM COM 490057106 597 22255 SH SOLE 1570 0 20685 KMG CHEMICALS INC COM COM 482564101 4419 167200 SH SOLE 13950 0 153250 KOPPERS HOLDINGS INC COM 50060P106 5214 154800 SH SOLE 9200 0 145600 KULICKE & SOFFA INDS INC COM COM 501242101 1353 129200 SH SOLE 12700 0 116500 LADISH INC COM NEW COM 505754200 19665 457332 SH SOLE 324176 0 133156 LAKELAND FINL CORP COM COM 511656100 258 12127 SH SOLE 12127 0 0 LEESPORT FINL CORP COM COM 524477106 953 47853 SH SOLE 1307 0 46546 LIBERTY GLOBAL INC COM SER A COM 530555101 516 12582 SH SOLE 12582 0 0 LIBERTY MEDIA HLDG CORP INT CO COM 53071M104 624 27957 SH SOLE 27957 0 0 LIFECELL CORP COM COM 531927101 26657 872870 SH SOLE 615825 0 257045 LIFETIME BRANDS INC COM COM 53222Q103 8671 423995 SH SOLE 298083 0 125912 LOOPNET INC COM 543524300 15203 651669 SH SOLE 458442 0 193227 LUFKIN INDS INC COM 549764108 9514 147394 SH SOLE 104821 0 42573 MARVEL ENTERTAINMENT INC COM 57383T103 14659 575305 SH SOLE 415523 0 159782 MATTHEWS INTL CORP CL A COM 577128101 3563 81700 SH SOLE 4900 0 76800 MCDERMOTT INTL INC COM COM 580037109 817 9830 SH SOLE 9830 0 0 MEDCO HEALTH SOLUTIONS INC COM COM 58405U102 671 8601 SH SOLE 8601 0 0 MEMC ELECTR MATLS INC COM COM 552715104 545 8919 SH SOLE 8919 0 0 MERCER INS GROUP INC COM COM 587902107 241 12100 SH SOLE 12100 0 0
EMERALD ADVISERS PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- MET PRO CORP COM COM 590876306 6371 405523 SH SOLE 87737 0 317786 METROCORP BANCSHARES INC COM COM 591650106 549 25684 SH SOLE 25684 0 0 METTLER-TOLEDO INTL INC COM COM 592688105 1004 10516 SH SOLE 10516 0 0 MGM GRAND INC COM COM 552953101 683 8281 SH SOLE 8281 0 0 MICRON TECHNOLOGY INC COM COM 595112103 332 26493 SH SOLE 26493 0 0 MICROS SYS INC COM COM 594901100 11469 210827 SH SOLE 150707 0 60120 MICROSEMI CORP COM COM 595137100 17524 731679 SH SOLE 523596 0 208083 MICROSOFT CORP COM COM 594918104 228 7748 SH SOLE 7748 0 0 MICRUS ENDOVASCULAR CORP COM COM 59518V102 12839 521926 SH SOLE 377140 0 144786 MIDWESTONE FINL GROUP INC COM COM 598510105 414 23664 SH SOLE 23664 0 0 MILLICOM INTL CELLULAR S A SHS COM L6388F110 344 3752 SH SOLE 3752 0 0 MINE SAFETY APPLIANCES CO COM 602720104 2543 58110 SH SOLE 3310 0 54800 MOLDFLOW CORP COM COM 608507109 4499 204674 SH SOLE 143990 0 60684 MONSTER WORLDWIDE INC COM COM 611742107 508 12361 SH SOLE 12361 0 0 MYRIAD GENETICS INC COM COM 62855J104 19476 523681 SH SOLE 374799 0 148882 NATIONAL RETAIL PROPERTIES INC COM 637417106 251 11500 SH SOLE 11500 0 0 NAVIGATORS GROUP INC COM COM 638904102 733 13600 SH SOLE 13600 0 0 NCR CORP NEW COM COM 62886E108 515 9805 SH SOLE 9805 0 0 NEOWARE SYS INC COM COM 64065P102 337 24900 SH SOLE 2400 0 22500 NEW CENTRY BANCORP INC DUNN CO COM 64353M100 273 21260 SH SOLE 21260 0 0 NII HLDGS INC CL B NEW COM 62913F201 340 4205 SH SOLE 4205 0 0 NORTHERN TR CORP COM COM 665859104 716 11147 SH SOLE 11147 0 0 NOVAMED INC DEL COM COM 66986W108 3296 544764 SH SOLE 383033 0 161731 NOVATEL WIRELESS INC COM NEW COM 66987M604 22781 875533 SH SOLE 615964 0 259569 NUANCE COMMUNICATIONS INC COM 67020Y100 4655 278250 SH SOLE 195750 0 82500 NUTRACEA COM NEW COM 67060N204 8517 2497616 SH SOLE 1525296 0 972320 NUTRI SYS INC NEW COM COM 67069D108 52993 758673 SH SOLE 458284 0 300389 NVIDIA CORP COM COM 67066G104 1242 30068 SH SOLE 30068 0 0 OLD DOMINION FGHT LINES INC CO COM 679580100 8702 288634 SH SOLE 202325 0 86309 ON ASSIGNMENT INC COM COM 682159108 12299 1147282 SH SOLE 814410 0 332872 ON SEMICONDUCTOR CORP COM COM 682189105 11728 1094076 SH SOLE 790256 0 303820 OPNET TECHNOLOGIES INC COM COM 683757108 5259 456895 SH SOLE 324594 0 132301 OPSWARE INC COM COM 68383A101 10198 1072303 SH SOLE 757903 0 314400 OPTIUM CORPORATION COM 68402T107 2983 235815 SH SOLE 16400 0 219415 ORASURE TECHNOLOGIES INC COM COM 68554V108 3360 410800 SH SOLE 25500 0 385300 ORRSTOWN FINL SVCS INC COM COM 687380105 2052 62592 SH SOLE 3621 0 58971 ORTHOVITA INC COM COM 68750U102 606 202078 SH SOLE 11400 0 190678 PARAGON TECHNOLOGIES INC COM COM 69912T108 1438 217590 SH SOLE 2525 0 215065 PAYCHEX INC COM COM 704326107 397 10144 SH SOLE 10144 0 0 PEABODY ENERGY CORP COM COM 704549104 385 7955 SH SOLE 7955 0 0 PENN VIRGINIA CORP COM 707882106 5576 138700 SH SOLE 8000 0 130700 PENNS WOODS BANCORP INC COM COM 708430103 1445 42192 SH SOLE 1740 0 40452 PENNSYLVANIA COMM BANCORP INCO COM 708677109 283 9999 SH SOLE 0 0 9999 PENSON WORLDWIDE INC COM 709600100 267 10900 SH SOLE 10900 0 0 PERFICIENT INC COM COM 71375U101 2323 112200 SH SOLE 79000 0 33200 PETROHAWK ENERGY CORP COM COM 716495106 314 19820 SH SOLE 19820 0 0 PHASE FORWARD INC COM COM 71721R406 10183 605080 SH SOLE 431960 0 173120 PHILADELPHIA CONS HLDG CORP CO COM 717528103 7880 188527 SH SOLE 47003 0 141524 PINNACLE ENTMT INC COM COM 723456109 4824 171374 SH SOLE 120574 0 50800 PRECISION CASTPARTS CORP COM COM 740189105 707 5825 SH SOLE 5825 0 0 PREFERRED BANK LOS ANGELES COM 740367107 1031 25767 SH SOLE 25767 0 0
EMERALD ADVISERS PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- PRICE T ROWE GROUP INC COM COM 74144T108 338 6512 SH SOLE 6512 0 0 PROSPERITY BANCSHARES INC COM COM 743606105 21013 641427 SH SOLE 434929 0 206498 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 33988 937343 SH SOLE 683183 0 254160 RELIANCE STL & ALUM CO COM COM 759509102 453 8055 SH SOLE 8055 0 0 REPUBLIC FIRST BANCORP INC COM COM 760416107 870 90640 SH SOLE 5990 0 84650 RESMED INC COM COM 761152107 593 14363 SH SOLE 14363 0 0 RESPIRONICS INC COM COM 761230101 4684 109984 SH SOLE 6447 0 103537 ROPER INDS INC NEW COM COM 776696106 491 8602 SH SOLE 8602 0 0 SAFEGUARD SCIENTIFICS INC COM COM 786449108 810 288400 SH SOLE 20000 0 268400 SALESFORCE.COM INC COM 79466L302 495 11551 SH SOLE 11551 0 0 SANDERS MORRIS HARRIS GROUP CO COM 80000Q104 192 16480 SH SOLE 16480 0 0 SANDISK CORP COM COM 80004C101 546 11154 SH SOLE 11154 0 0 SANDY SPRING BANCORP INC CMT-C COM 800363103 296 9400 SH SOLE 9400 0 0 SBA COMMUNICATIONS CORP CL A COM 78388J106 22759 677544 SH SOLE 491484 0 186060 SEABRIGHT INSURANCE HLDGS INCO COM 811656107 365 20900 SH SOLE 20900 0 0 SELECTIVE INS GROUP INC COM COM 816300107 241 8984 SH SOLE 8984 0 0 SEMITOOL INC COM COM 816909105 2504 260568 SH SOLE 181501 0 79067 SHUFFLE MASTER INC COM COM 825549108 5337 321500 SH SOLE 224940 0 96560 SIGNATURE BK NEW YORK N Y COM COM 82669G104 286 8400 SH SOLE 8400 0 0 SIRF TECHNOLOGY HLDGS INC COM COM 82967H101 3036 146360 SH SOLE 102950 0 43410 SMITH MICRO SOFTWARE INC COM COM 832154108 20368 1352433 SH SOLE 914124 0 438309 SMITH & WESSON HLDG CORP COM COM 831756101 24014 1433653 SH SOLE 1020783 0 412870 SMITHTOWN BANCORP INC COM COM 832449102 1492 58797 SH SOLE 55767 0 3030 SOURCEFORGE INC COM 83616W101 6176 1463560 SH SOLE 1031060 0 432500 SOUTHWEST BANCORP INC OKLA COM COM 844767103 432 17984 SH SOLE 17984 0 0 SPECTRANETICS CORP COM COM 84760C107 4231 367243 SH SOLE 270150 0 97093 SPSS INC COM COM 78462K102 21615 489702 SH SOLE 339203 0 150499 SRS LABS INC COM COM 78464M106 5784 593256 SH SOLE 420523 0 172733 STARLIMS TECHNOLOGIES LTD SHS COM M8484K109 1472 114550 SH SOLE 80150 0 34400 STERLING FINL CORP COM COM 859317109 873 83016 SH SOLE 15165 0 67851 STIFEL FINL CORP COM COM 860630102 679 11533 SH SOLE 11533 0 0 SUPERIOR BANCORP COM COM 86806M106 482 47100 SH SOLE 47100 0 0 SUPERIOR ENERGY SVCS INC COM COM 868157108 6892 172657 SH SOLE 123982 0 48675 SUPERIOR WELL SVCS INC COM COM 86837X105 6563 258273 SH SOLE 13240 0 245033 SUPERTEX INC COM COM 868532102 7095 226378 SH SOLE 162563 0 63815 SVB FINL GROUP COM COM 78486Q101 20101 378470 SH SOLE 270670 0 107800 SYNERON MEDICAL LTD ORD SHS COM M87245102 3370 135061 SH SOLE 94530 0 40531 TASER INTL INC COM COM 87651B104 17321 1240759 SH SOLE 884168 0 356591 TASTY BAKING CO COM COM 876553306 862 82500 SH SOLE 5300 0 77200 TD AMERITRADE HOLDING CORP COM 87236Y108 391 19526 SH SOLE 19526 0 0 TECHNITROL INC COM COM 878555101 18520 645961 SH SOLE 319761 0 326200 TELEFLEX INC COM COM 879369106 5880 71900 SH SOLE 4300 0 67600 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 8416 376560 SH SOLE 278400 0 98160 TEXAS ROADHOUSE INC CL A COM 882681109 5198 406376 SH SOLE 223660 0 182716 TEXTRON INC COM COM 883203101 339 3082 SH SOLE 3082 0 0 THE MOSIAC COMPANY COM 61945A107 496 12712 SH SOLE 12712 0 0 THERMO ELECTRON CORP COM COM 883556102 334 6454 SH SOLE 6454 0 0 THERMOGENESIS CORP COM NEW COM 883623209 820 296936 SH SOLE 210377 0 86559 THESTREET COM INC COM COM 88368Q103 9536 876429 SH SOLE 639714 0 236715 THOMAS WEISEL PARTNERS GROUP COM 884481102 5916 355305 SH SOLE 248150 0 107155 THQ INC COM NEW COM 872443403 8811 288700 SH SOLE 171060 0 117640
EMERALD ADVISERS PAGE 7 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- TODCO COM COM 88889T107 318 6739 SH SOLE 6739 0 0 TOLLGRADE COMMUNICATIONS INCCO COM 889542106 2597 246200 SH SOLE 16200 0 230000 TRADESTATION GROUP INC COM COM 89267P105 185 15900 SH SOLE 15900 0 0 TRIUMPH GROUP INC NEW COM COM 896818101 30617 467647 SH SOLE 258025 0 209622 TUTOGEN MEDICAL INC COM COM 901107102 3697 370090 SH SOLE 262000 0 108090 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 18810 650206 SH SOLE 464652 0 185554 ULTRA PETE CORP COM COM 903914109 361 6537 SH SOLE 6537 0 0 UNITED AMERICA INDEMNITY LTD C COM 90933T109 9916 398712 SH SOLE 243969 0 154743 UNITED CMNTY BKS INC CDT-CAP S COM 90984P105 3554 137263 SH SOLE 101952 0 35311 UNIVEST CORP PA COM COM 915271100 438 19437 SH SOLE 600 0 18837 URBAN OUTFITTERS INC COM COM 917047102 4884 203247 SH SOLE 39897 0 163350 URSTADT BIDDLE PPTYS INC CL A COM 917286205 201 11800 SH SOLE 11800 0 0 USA TECHNOLOGIES INC COM 90328S500 938 87249 SH SOLE 5200 0 82049 VALUECLICK INC COM COM 92046N102 327 11093 SH SOLE 11093 0 0 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 7813 195028 SH SOLE 140616 0 54412 VIASAT INC COM COM 92552V100 18742 583862 SH SOLE 417926 0 165936 VIRGINIA COMM BANCORP INC COM COM 92778Q109 9850 582474 SH SOLE 399854 0 182620 VIRGINIA FINL CORP COM COM 927810101 407 18315 SH SOLE 5610 0 12705 VISHAY INTERTECHNOLOGY INC COM COM 928298108 3403 215100 SH SOLE 12700 0 202400 VOLCANO CORPORATION COM COM 928645100 7344 363361 SH SOLE 262451 0 100910 VOLTERRA SEMICONDUCTOR CORP CO COM 928708106 6343 446700 SH SOLE 320550 0 126150 WABTEC CORPORATION COM 929740108 33950 929367 SH SOLE 500437 0 428930 WAL MART STORES INC COM 931142103 231 4794 SH SOLE 4794 0 0 WATERS CORP COM COM 941848103 478 8060 SH SOLE 8060 0 0 WEATHERFORD INTERNATIONAL LTCO COM G95089101 658 11908 SH SOLE 11908 0 0 WESCO INTL INC COM COM 95082P105 17940 296773 SH SOLE 182089 0 114684 WEST COAST BANCORP ORE NEW COM COM 952145100 498 16400 SH SOLE 16400 0 0 WESTERN ALLIANCE BANCORP COM 957638109 606 20300 SH SOLE 20300 0 0 WET SEAL INC CL A COM 961840105 16993 2827402 SH SOLE 2004832 0 822570 WHITING PETE CORP NEW COM COM 966387102 4712 116300 SH SOLE 81800 0 34500 WILLIAMS COS INC COM COM 969457100 397 12566 SH SOLE 12566 0 0 WILSHIRE BANCORP INC COM 97186T108 7467 613052 SH SOLE 434511 0 178541 WISDOMTREE INVTS INC COM COM 97717P104 2139 426924 SH SOLE 304724 0 122200 WORLD FUEL SVCS CORP COM COM 981475106 12326 293046 SH SOLE 205746 0 87300 WPCS INTL INC COM NEW COM 92931L203 3278 252758 SH SOLE 19258 0 233500 WRIGLEY WM JR CO COM 982526105 378 6840 SH SOLE 6840 0 0 YARDVILLE NATL BANCORP COM COM 985021104 295 8650 SH SOLE 8650 0 0 YORK WTR CO COM COM 987184108 4251 239517 SH SOLE 17871 0 221646 YOUBET COM INC COM COM 987413101 3377 1383950 SH SOLE 973150 0 410800 ZUMIEZ INC COM COM 989817101 1889 50000 SH SOLE 35900 0 14100 LINE COUNT: 346
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