The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN AXLE & MFG HOLDINGS INC COM 024061103 23,091 1,219,190 SH   DFND 1 1,219,190 0 0
AMERICAN STATES WATER CO COM 029899101 32,629 777,795 SH   DFND 1 777,795 0 0
AMN HEALTHCARE SERVICES INC COM 001744101 28,934 931,854 SH   DFND 1 931,854 0 0
APOGEE ENTERPRISES INC COM 037598109 23,229 533,875 SH   DFND 1 533,875 0 0
ASPEN TECHNOLOGY INC COM 045327103 18,491 489,697 SH   DFND 1 489,697 0 0
BIO-RAD LABORATORIES INC COM 090572207 24,514 176,793 SH   DFND 1 176,793 0 0
BOJANGLES INC COM 097488100 20,416 1,286,483 SH   DFND 1 1,286,483 0 0
CADENCE DESIGN SYSTEMS INC COM 127387108 31,021 1,490,662 SH   DFND 1 1,490,662 0 0
CHARLES RIVER LABS INC COM 159864107 25,084 312,027 SH   DFND 1 312,027 0 0
CHEMTURA CORP COM 163893209 16,921 620,507 SH   DFND 1 620,507 0 0
CHINA BIOLOGIC PRODUCTS INC COM 16938C106 1,120 7,870 SH   DFND 1 7,870 0 0
CHINA LODGING GROUP ADR 16949N109 1,050 33,600 SH   DFND 1 33,600 0 0
CITI TRENDS INC COM 17306X102 15,657 736,783 SH   DFND 1 736,783 0 0
COLONY CAPITAL INC COM 19624R106 17,235 884,771 SH   DFND 1 884,771 0 0
COLUMBIA BANKING SYSTEM INC COM 197236102 31,468 967,957 SH   DFND 1 967,957 0 0
COMFORT SYSTEMS USA INC COM 199908104 27,367 962,939 SH   DFND 1 962,939 0 0
COVENANT TRANSPORT GROUP INC COM 22284P105 22,495 1,190,824 SH   DFND 1 1,190,824 0 0
CSG SYSTEMS INTL INC COM 126349109 25,806 717,228 SH   DFND 1 717,228 0 0
EL PASO ELECTRIC CO COM 283677854 30,119 782,312 SH   DFND 1 782,312 0 0
EPLUS INC COM 294268107 20,837 223,431 SH   DFND 1 223,431 0 0
EURONET WORLDWIDE INC COM 298736109 37,247 514,248 SH   DFND 1 514,248 0 0
EXLSERVICE HOLDINGS INC COM 302081104 25,030 557,089 SH   DFND 1 557,089 0 0
GREATBATCH INC COM 39153L106 18,579 353,877 SH   DFND 1 353,877 0 0
GREENBRIER COS COM 393657101 23,517 720,936 SH   DFND 1 720,936 0 0
HEARTLAND PAYMENT SYSTEMS INC COM 42235N108 38,696 408,097 SH   DFND 1 408,097 0 0
HIGHWOODS PROPERTIES INC COM 431284108 19,964 457,894 SH   DFND 1 457,894 0 0
HILL ROM HOLDINGS INC COM 431475102 28,015 582,922 SH   DFND 1 582,922 0 0
INC RESEARCH HOLDINGS INC COM 45329R109 23,278 479,867 SH   DFND 1 479,867 0 0
INFINERA CORP COM 45667G103 21,925 1,209,983 SH   DFND 1 1,209,983 0 0
INSPERITY INC COM 45778Q107 22,320 463,543 SH   DFND 1 463,543 0 0
ISHARES MSCI EAFE SMALL CAP ETF COM 464288273 5,894 118,000 SH   DFND 1 118,000 0 0
ISHARES MSCI SOUTH KOREA ETF COM 464286772 588 11,847 SH   DFND 1 11,847 0 0
JOHN BEAN TECHNOLOGIES CORP COM 477839104 23,114 463,858 SH   DFND 1 463,858 0 0
JONES LANG LASALLE INC COM 48020Q107 31,860 199,302 SH   DFND 1 199,302 0 0
MARCUS & MILLICHAP INC COM 566324109 14,274 489,854 SH   DFND 1 489,854 0 0
MAXIMUS INC COM 577933104 22,160 393,956 SH   DFND 1 393,956 0 0
NATUS MEDICAL INC COM 639050103 27,351 569,213 SH   DFND 1 569,213 0 0
NAUTILUS INC COM 63910B102 36,968 2,211,017 SH   DFND 1 2,211,017 0 0
NEENAH PAPER INC COM 640079109 24,372 390,393 SH   DFND 1 390,393 0 0
NUTRISYSTEM INC COM 67069D108 27,238 1,258,673 SH   DFND 1 1,258,673 0 0
OXFORD INDUSTRIES INC COM 691497309 20,499 321,194 SH   DFND 1 321,194 0 0
SELECT COMFORT CORP COM 81616X103 17,368 811,197 SH   DFND 1 811,197 0 0
SELECTIVE INSURANCE GROUP COM 816300107 19,869 591,706 SH   DFND 1 591,706 0 0
SOUTH STATE CORPORATION COM 840441109 40,236 559,224 SH   DFND 1 559,224 0 0
STEELCASE INC COM 858155203 17,517 1,175,630 SH   DFND 1 1,175,630 0 0
TAL EDUCATION GROUP ADR 874080104 1,211 26,050 SH   DFND 1 26,050 0 0
TELEFLEX INC COM 879369106 29,654 225,588 SH   DFND 1 225,588 0 0
US CONCRETE INC COM 90333L201 21,494 408,236 SH   DFND 1 408,236 0 0
VCA INC COM 918194101 20,313 369,329 SH   DFND 1 369,329 0 0
VECTREN CORPORATION COM 92240G101 31,644 745,964 SH   DFND 1 745,964 0 0
WEBSTER FINANCIAL CORP COM 947890109 33,037 888,325 SH   DFND 1 888,325 0 0
WERNER ENTERPRISES INC COM 950755108 18,685 798,851 SH   DFND 1 798,851 0 0
WEST PHARMACEUTICAL SERVICES INC COM 955306105 20,470 339,915 SH   DFND 1 339,915 0 0
WNS HOLDINGS LTD ADR 92932M101 1,224 39,234 SH   DFND 1 39,234 0 0