0001140361-11-053087.txt : 20111114 0001140361-11-053087.hdr.sgml : 20111111 20111114102310 ACCESSION NUMBER: 0001140361-11-053087 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DRIEHAUS CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000938206 IRS NUMBER: 203634295 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04207 FILM NUMBER: 111198705 BUSINESS ADDRESS: STREET 1: 25 EAST ERIE ST CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 3125873800 MAIL ADDRESS: STREET 1: 25 EAST ERIE ST CITY: CHICAGO STATE: IL ZIP: 60611 FORMER COMPANY: FORMER CONFORMED NAME: DRIEHAUS CAPITAL MANAGEMENT INC DATE OF NAME CHANGE: 19950216 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9/30/2011 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: Driehaus Capital Management LLC Address: 25 East Erie Street Chicago, IL 60611 Form 13F File Number: 028-04207 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Mary H. Weiss Title: Senior Vice President and Secretary Phone: 312-587-3800 Signature, Place, and Date of Signing: /s/ Mary H. Weiss Chicago, Illinois 11/14/2011 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [ ] 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).) [X] 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: 13F File Number Name 028-01190 Frank Russell Company --------------- --------------------------------------------------------------- Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 349 Form 13F Information Table Value Total: $ 1,839,583 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------ 3M Co. COM 88579Y101 759 10579 SH SOLE 10579 0 0 8x8 Inc COM 282914100 5010 1233890 SH SOLE 421634 0 812256 Abercrombie & Fitch Co. - Cl. A COM 002896207 1642 26677 SH SOLE 5528 0 21149 ACACIA RESEARCH - ACACIA TEC COM 003881307 21219 589588 SH SOLE 386423 0 203165 Accenture Ltd - A ADR G1151C101 738 14000 SH SOLE 11660 0 2340 Acme Packet, Inc. COM 004764106 2482 58270 SH SOLE 48954 0 9316 Acorn Factor Inc COM 004848107 341 64400 SH SOLE 0 0 64400 ACTUATE CORP COM 00508B102 1642 297552 SH SOLE 124912 0 172640 Advisory Board Co/The COM 00762W107 7438 115261 SH SOLE 82412 0 32849 Air Methods Corp. COM 009128307 4274 67125 SH SOLE 47971 0 19154 Airmedia Group, Inc. - ADR ADR 009411109 642 257705 SH SOLE 0 0 257705 AKORN INC COM 009728106 5760 738406 SH SOLE 270129 0 468277 Alexion Pharmaceuticals, Inc. COM 015351109 21437 334644 SH SOLE 232784 0 101860 Alkermes Plc ADR G01767105 7169 470126 SH SOLE 336173 0 133953 Allergan, Inc. COM 018490102 2142 25997 SH SOLE 21643 0 4354 Allied Nevada Gold Corp. COM 019344100 5040 140735 SH SOLE 98779 0 41956 Altera Corp. COM 021441100 2411 76476 SH SOLE 67634 0 8842 Amarin Corp Plc - ADR ADR 023111206 3950 429329 SH SOLE 278099 0 151230 Amazon.com, Inc. COM 023135106 7901 36542 SH SOLE 27416 0 9126 American Capital Agency Corp. COM 02503X105 7092 261681 SH SOLE 159531 0 102150 American Railcar Industries COM 02916P103 1046 67986 SH SOLE 28537 0 39449 American Tower Corp. - A COM 029912201 3469 64476 SH SOLE 53652 0 10824 American Vanguard Corp. COM 030371108 2293 205469 SH SOLE 74988 0 130481 Amerigon Inc COM 03070L300 2317 182022 SH SOLE 76270 0 105752 Ampal-American Israel Corp. - A COM 036642106 831 358200 SH SOLE 21102 0 337098 Annaly Capital Management, Inc. COM 035710409 13496 811567 SH SOLE 712317 0 99250 Annaly Capital Management, Inc. PUT 035710959 891 4,994 SH PUT SOLE 4,994 0 0 Ansys, Inc. COM 03662Q105 618 12600 SH SOLE 2639 0 9961 ANTHERA PHARMACEUTICALS INC COM 03674U102 935 196003 SH SOLE 82261 0 113742 Apple Inc. COM 037833100 22751 59687 SH SOLE 43261 0 16426 Arcos Dorados Holdings, Inc. - A ADR G0457F107 3756 161959 SH SOLE 32330 0 129629 Arctic Cat Inc. COM 039670104 2055 141800 SH SOLE 59395 0 82405 ARES CAP CORP COM 04010L103 8,347 606,200 SH SOLE 606,200 0 0 ARES CAP CORP PUT 04010L953 1,258 6,062 SH PUT SOLE 6,062 0 0 Ariad Pharmaceuticals, Inc. COM 04033A100 10383 1181275 SH SOLE 898304 0 282971 ARM Holdings PLC - SP ADR ADR 042068106 3916 153582 SH SOLE 108053 0 45529 Astronics Corp. COM 046433108 1079 38195 SH SOLE 16021 0 22174 Athenahealth Inc COM 04685W103 3302 55445 SH SOLE 37034 0 18411 AuRico Gold Inc ADR 05155C105 3636 386826 SH SOLE 276553 0 110273 Authentec Inc COM 052660107 841 257998 SH SOLE 101538 0 156460 AVAGO TECHNOLOGIES LTD ADR Y0486S104 1530 46700 SH SOLE 9162 0 37538 AVEO PHARMACEUTICALS INC COM 053588109 5611 364606 SH SOLE 215943 0 148663 Baidu, Inc. - SP ADR ADR 056752108 9948 93004 SH SOLE 81712 0 11292 Baker Hughes, Inc. COM 057224107 5573 120726 SH SOLE 104538 0 16188 Banco Bradesco - ADR ADR 059460303 8251 557905 SH SOLE 524578 0 33327 Banco Macro SA - ADR ADR 05961W105 2400 119965 SH SOLE 106004 0 13961 BE Aerospace, Inc. COM 073302101 3561 107543 SH SOLE 95266 0 12277 Beam, Inc. COM 073730103 3325 80000 SH SOLE 56027 0 23973 Bebe Stores Inc COM 075571109 2307 343272 SH SOLE 144109 0 199163 Biogen Idec, Inc. COM 09062X103 1544 16575 SH SOLE 13796 0 2779 Biolase Tech Inc COM 090911108 90 30000 SH SOLE 0 0 30000 Biomarin Pharmaceutical, Inc. COM 09061G101 382 12000 SH SOLE 3141 0 8859 BIOSANTE PHARMACEUTICALS INC COM 09065V203 1303 571367 SH SOLE 239339 0 332028 BIOSCRIP INC COM 09069N108 2055 323139 SH SOLE 135729 0 187410 BJ's Restaurants Inc COM 09180C106 6010 136256 SH SOLE 97466 0 38790 Body Central Corp COM 09689U102 1435 79025 SH SOLE 27581 0 51444 Brigham Exploration Co. COM 109178103 759 30037 SH SOLE 7861 0 22176 Bristol-Myers Squibb Co. COM 110122108 5458 173943 SH SOLE 150201 0 23742 C&J Energy Services, Inc. COM 12467B304 2062 125412 SH SOLE 20038 0 105374 Cabot Oil & Gas Corp. - Cl. A COM 127097103 1132 18279 SH SOLE 3254 0 15025

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------ Cameron International Corp. COM 13342B105 7383 177731 SH SOLE 153646 0 24085 CARBO Ceramics, Inc. COM 140781105 1632 15921 SH SOLE 11304 0 4617 CARBONITE INC COM 141337105 3855 320143 SH SOLE 58901 0 261242 CARDIOVASCULAR SYSTEMS INC COM 141619106 2140 187904 SH SOLE 79141 0 108763 CARDTRONICS INC COM 14161H108 3390 147912 SH SOLE 105741 0 42171 Caribou Coffee Co Inc COM 142042209 3771 319074 SH SOLE 115615 0 203459 Carpenter Technology Corp. COM 144285103 24071 536225 SH SOLE 397680 0 138545 Cavium, Inc. COM 14964U108 2541 94068 SH SOLE 74887 0 19181 Cepheid Inc COM 15670R107 15878 408907 SH SOLE 275254 0 133653 Cerner Corp. COM 156782104 14118 206040 SH SOLE 151322 0 54718 CF Industries Holdings, Inc. COM 125269100 2827 22914 SH SOLE 16124 0 6790 Chart Industries, Inc. COM 16115Q308 13309 315605 SH SOLE 237252 0 78353 Check Point Software ADR M22465104 12854 243553 SH SOLE 183292 0 60261 Technologies, Ltd. China Kanghui Holdings, Inc. - ADR 16890V100 3932 201639 SH SOLE 70185 0 131454 SP ADR CHUNGHWA TELECOM LTD-ADR ADR 17133Q502 448 13587 SH SOLE 2811 0 10776 Church & Dwight Co., Inc. COM 171340102 9280 209951 SH SOLE 154304 0 55647 Cia de Minas Buenaventura SA ADR 204448104 8235 218191 SH SOLE 204959 0 13232 CITIGROUP INC. CONV PFD 7.5% COM 172967416 398 5,000 SH SOLE 5,000 0 0 12/15/2012 Clean Harbors Inc COM 184496107 3062 59697 SH SOLE 42651 0 17046 Coach, Inc. COM 189754104 2257 43540 SH SOLE 36239 0 7301 COHEN & STEERS INC COM 19247A100 3791 131849 SH SOLE 94482 0 37367 COLEMAN CABLE INC COM 193459302 160 18964 SH SOLE 0 0 18964 COMMVAULT SYSTEMS INC COM 204166102 2647 71426 SH SOLE 50986 0 20440 Computer Programs & Systems COM 205306103 6452 97534 SH SOLE 51604 0 45930 Copa Holdings SA - A ADR P31076105 20914 341338 SH SOLE 298338 0 43000 Costco Wholesale Corp. COM 22160K105 5360 65266 SH SOLE 46149 0 19117 Crocs, Inc. COM 227046109 6917 292124 SH SOLE 181567 0 110557 Cross (A.T.) Company - A COM 227478104 1117 99019 SH SOLE 41527 0 57492 Cubist Pharmaceuticals Inc. COM 229678107 4741 134232 SH SOLE 95956 0 38276 Cummins, Inc. COM 231021106 3144 38503 SH SOLE 24584 0 13919 CVD EQUIPMENT CORP COM 126601103 3004 222510 SH SOLE 44526 0 177984 CVR ENERGY INC COM 12662P108 4282 202543 SH SOLE 144805 0 57738 Cyberonics COM 23251P102 4651 164339 SH SOLE 117406 0 46933 Darden Restaurants, Inc. COM 237194105 4646 108667 SH SOLE 76325 0 32342 Datalink Corp COM 237934104 1819 267463 SH SOLE 87725 0 179738 Deckers Outdoor Corp. COM 243537107 22475 240991 SH SOLE 172540 0 68451 Diamond Foods, Inc. COM 252603105 14112 176860 SH SOLE 126434 0 50426 Dick's Sporting Goods, Inc. COM 253393102 6288 187937 SH SOLE 132856 0 55081 Dollar General Corp. COM 256677105 544 14400 SH SOLE 1895 0 12505 DOMINO'S PIZZA INC COM 25754A201 10474 384353 SH SOLE 274876 0 109477 DSW, Inc. COM 23334L102 21577 467247 SH SOLE 346814 0 120433 Dycom Industries Inc. COM 267475101 3679 240489 SH SOLE 100957 0 139532 EASYLINK SERVICES INTL-CL A COM 277858106 201 46241 SH SOLE 0 0 46241 Ecopetrol SA - SP ADR ADR 279158109 4697 116581 SH SOLE 109351 0 7230 Edwards Lifesciences Corp. COM 28176E108 6962 97667 SH SOLE 80719 0 16948 Elan Corp. PLC ADR 284131208 1708 161887 SH SOLE 145639 0 16248 Electronic Arts, Inc. COM 285512109 11926 583161 SH SOLE 449028 0 134133 Elizabeth Arden Inc COM 28660G106 6772 238103 SH SOLE 170293 0 67810 Endeavour Silver Corp ADR 29258Y103 142 15800 SH SOLE 5355 0 10445 Endologix Inc COM 29266S106 8761 872560 SH SOLE 455675 0 416885 EQT Corp COM 26884L109 1087 20363 SH SOLE 2694 0 17669 Equinix, Inc. COM 29444U502 8240 92763 SH SOLE 74046 0 18717 EV ENERGY PARTNER LP COM 26926V107 1348 18800 SH SOLE 4443 0 14357 Exact Sciences Corp COM 30063P105 2849 429729 SH SOLE 180180 0 249549 Express Scripts, Inc. COM 302182100 682 18395 SH SOLE 15305 0 3090 Faro Technologies Inc COM 311642102 2519 79839 SH SOLE 33508 0 46331 Financial Engines, Inc. COM 317485100 6443 355786 SH SOLE 274255 0 81531

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------ Finisar Corp. COM 31787A507 6498 370461 SH SOLE 225249 0 145212 Finish Line - Cl. A COM 317923100 240 12000 SH SOLE 4068 0 7932 First Cash Financial Services, COM 31942D107 5502 131159 SH SOLE 104209 0 26950 Inc. FIRSTBANK CORP/ALMA MICH - COM DDH61G100 0 55125 SH SOLE 55125 0 0 fractional shares Flotek Industries Inc COM 343389102 87 18600 SH SOLE 0 0 18600 Focus Media Holding, Ltd. - ADR ADR 34415V109 6402 381271 SH SOLE 290468 0 90803 Fomento Economico Mexicano SAB ADR 344419106 13656 210671 SH SOLE 197913 0 12758 de CV FORD MOTOR COMPANY 4.25% CNV 345370CN8 31,819 24,500,000 PRN SOLE 24,500,000 0 0 11/15/2016 CONV MN Fortinet, Inc. COM 34959E109 5357 318847 SH SOLE 244276 0 74571 Fossil, Inc. COM 349882100 4577 56461 SH SOLE 44117 0 12344 FRANCESCAS HOLDINGS CORP COM 351793104 1319 62200 SH SOLE 12109 0 50091 Freeport McMoran Copper & Gold, COM 35671D857 2882 94645 SH SOLE 83717 0 10928 Inc. Fuelcell Energy Inc COM 35952H106 283 336767 SH SOLE 33787 0 302980 GENERAL MOTORS COMPANY COM 37045V100 3,632 179,989 SH SOLE 179,989 0 0 GENERAL MOTORS COMPANY WTS 37045V126 135 17,035 SH CALL SOLE 17,035 0 0 EXP07/10/2019 GENERAL MOTORS COMPANY CONV PFD CNV 37045V209 702 20,000 SH SOLE 20,000 0 0 4.7500 12/01/2013 SERIES B GENERAL MOTORS COMPANY WTS 37045V118 198 17,035 SH CALL SOLE 17,035 0 0 EXP07/10/2016 Genesco Inc. COM 371532102 9243 179370 SH SOLE 115368 0 64002 Genesee & Wyoming, Inc. COM 371559105 5850 125760 SH SOLE 88257 0 37503 Gerdau SA - ADR ADR 373737105 13876 1945777 SH SOLE 1807900 0 137877 Gilead Sciences, Inc. COM 375558103 6487 167202 SH SOLE 147017 0 20185 GLOBE SPECIALTY METALS INC COM 37954N206 2769 190671 SH SOLE 136108 0 54563 GNC Holdings, Inc. COM 36191G107 11908 591865 SH SOLE 444272 0 147593 Golar LNG, Ltd. ADR G9456A100 27760 873297 SH SOLE 650557 0 222740 GOODYEAR TIRE & RUBR CO PUT 382550951 2,789 18,286 SH PUT SOLE 18,286 0 0 Google, Inc. - A COM 38259P508 9186 17858 SH SOLE 14309 0 3549 Graham Corp. COM 384556106 193 11600 SH SOLE 0 0 11600 Green Mountain Coffee COM 393122106 25785 277441 SH SOLE 176337 0 101104 GSV CAPITAL CORP COM 36191J101 2670 196873 SH SOLE 76745 0 120128 Gulfmark Offshore, Inc. COM 402629208 5189 142798 SH SOLE 100152 0 42646 Gulfport Energy Corp COM 402635304 611 25271 SH SOLE 6618 0 18653 Hansen Medical Inc COM 411307101 2786 839288 SH SOLE 177415 0 661873 Hansen Natural Corp. COM 411310105 8954 102581 SH SOLE 70343 0 32238 Heinz (H.J.) Co. COM 423074103 923 18292 SH SOLE 18292 0 0 Helix Energy Solutions Grp., Inc. COM 42330P107 149 11400 SH SOLE 0 0 11400 Hershey Co. COM 427866108 11679 197151 SH SOLE 145928 0 51223 HERTZ GLOBAL HOLDINGS, INC. CNV 42805TAA3 977 750,000 PRN SOLE 750,000 0 0 5.25% 06/01/2014 Hexcel Corp. COM 428291108 11385 513755 SH SOLE 363654 0 150101 Hi-Tech Pharmacal Co. Inc. COM 42840B101 3346 99569 SH SOLE 41858 0 57711 HMS Holdings Corp. COM 40425J101 16034 657405 SH SOLE 467749 0 189656 HOMEAWAY INC COM 43739Q100 3498 104050 SH SOLE 74506 0 29544 Hot Topic Inc COM 441339108 4186 548655 SH SOLE 230620 0 318035 Hurco Companies Inc. COM 447324104 1087 53869 SH SOLE 9266 0 44603 ICICI Bank, Ltd. - SP ADR ADR 45104G104 7637 219791 SH SOLE 180546 0 39245 Imax Corp. ADR 45245E109 2896 199814 SH SOLE 177625 0 22189 Informatica Corp. COM 45666Q102 5679 138680 SH SOLE 106219 0 32461 Infosys, Ltd. ADR 456788108 8900 174273 SH SOLE 163700 0 10573 Inter Parfums Inc COM 458334109 1738 112471 SH SOLE 47114 0 65357 Interactive Intelligence Group COM 45841V109 1483 54761 SH SOLE 23139 0 31622 InterDigital, Inc. COM 45867G101 11838 254153 SH SOLE 214100 0 40053 Intuitive Surgical, Inc. COM 46120E602 7340 20148 SH SOLE 15476 0 4672

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------ IPG Photonics Corp. COM 44980X109 7216 166111 SH SOLE 118130 0 47981 Ishares MSCI Emerging Markets PUT 464287954 9226 252500 SH PUT SOLE 2500 0 250000 Index Fund ISHARES RUSSELL 1000 GROWTH COM 464287614 616 11720 SH SOLE 11720 0 0 Itau Unibanco Holding - PREF ADR ADR 465562106 4079 262552 SH SOLE 233935 0 28617 JAGUAR MINING INC COM 47009M103 2293 487968 SH SOLE 204418 0 283550 JAZZ PHARMACEUTICALS INC COM 472147107 11371 274009 SH SOLE 182177 0 91832 JDS Uniphase Corp. COM 46612J507 145 14500 SH SOLE 0 0 14500 Joy Global, Inc. COM 481165108 3924 62903 SH SOLE 54716 0 8187 Kensey Nash Corp COM 490057106 1718 70104 SH SOLE 29391 0 40713 Keynote Systems Inc COM 493308100 6566 310765 SH SOLE 118056 0 192709 Kodiak Oil & Gas Corp COM 50015Q100 748 143500 SH SOLE 35475 0 108025 KONA GRILL INC COM 50047H201 2970 535197 SH SOLE 84388 0 450809 Kraft Foods, Inc. - A COM 50075N104 1865 55525 SH SOLE 46212 0 9313 Krispy Kreme Doughnuts Inc COM 501014104 1922 281784 SH SOLE 102653 0 179131 Las Vegas Sands Corp. COM 517834107 4857 126679 SH SOLE 46896 0 79783 LEAR CORPORATION COM 521865204 24,718 576,188 SH SOLE 576,188 0 0 Ligand Pharmaceutical - Cl B COM 53220K504 1427 104310 SH SOLE 24134 0 80176 LIQUIDITY SERVICES INC COM 53635B107 13460 419714 SH SOLE 243159 0 176555 Lithia Motors Inc. Cl-A COM 536797103 1666 115861 SH SOLE 48685 0 67176 Liveperson Inc COM 538146101 966 97042 SH SOLE 40765 0 56277 Lkq Corp COM 501889208 420 17387 SH SOLE 4555 0 12832 Lufkin Industries, Inc. COM 549764108 5894 110776 SH SOLE 87203 0 23573 Lululemon Athletica, Inc. ADR 550021109 3909 80355 SH SOLE 56318 0 24037 Luminex Corp COM 55027E102 8053 363234 SH SOLE 259718 0 103516 Macy's, Inc. COM 55616P104 1827 69414 SH SOLE 40848 0 28566 MAKO SURGICAL CORP COM 560879108 12367 361399 SH SOLE 222730 0 138669 MARCHEX INC-CLASS B COM 56624R108 3429 403445 SH SOLE 145762 0 257683 Market Vectors Junior Gold COM 57060U589 5434 193031 SH SOLE 150939 0 42092 Miners ETF Market Vectors Russia Etf COM 57060U506 14117 558000 SH SOLE 0 0 558000 MarketAxess Holdings Inc COM 57060D108 4775 183530 SH SOLE 131219 0 52311 MasTec, Inc. COM 576323109 5034 285850 SH SOLE 190765 0 95085 Mattel, Inc. COM 577081102 4098 158290 SH SOLE 111058 0 47232 Maxwell Technologies Inc. COM 577767106 856 46500 SH SOLE 18961 0 27539 MBIA INC CMN PUT 55262C950 445 7,100 SH PUT SOLE 7,100 0 0 McDonald's Corp. COM 580135101 11373 129504 SH SOLE 114003 0 15501 Mechel - ADR ADR 583840103 1119 109587 SH SOLE 98883 0 10704 Melco Crown Entertainment - ADR ADR 585464100 1189 143069 SH SOLE 28186 0 114883 MercadoLibre, Inc. ADR 58733R102 2994 55662 SH SOLE 49476 0 6186 Merge Healthcare Inc COM 589499102 8186 1344115 SH SOLE 418880 0 925235 MGM Resorts International CALL 552953901 20 20000 SH CALL SOLE 0 0 20000 Microsoft Corp. COM 594918104 7767 313126 SH SOLE 313126 0 0 Minefinders Corp ADR 602900102 4014 288368 SH SOLE 206121 0 82247 MISTRAS GROUP INC COM 60649T107 3045 173388 SH SOLE 70335 0 103053 Mitek Systems Inc. COM 606710200 7017 758587 SH SOLE 193531 0 565056 MOLSON COORS BREWING CO COM 60871R209 741 18,700 SH SOLE 18,700 0 0 Molycorp, Inc. COM 608753109 5501 167348 SH SOLE 130692 0 36656 Monro Muffler Brake Inc. COM 610236101 3408 103371 SH SOLE 73842 0 29529 Monsanto Co. COM 61166W101 776 12932 SH SOLE 12932 0 0 Movado Group COM 624580106 890 73109 SH SOLE 30744 0 42365 MYR GROUP INC/DELAWARE COM 55405W104 198 11216 SH SOLE 0 0 11216 Nautilus Inc COM 63910B102 403 268789 SH SOLE 112406 0 156383 NEO MATERIAL TECHNOLOGIES INC ADR 64045Y108 4330 710115 SH SOLE 465009 0 245106 NETSUITE INC COM 64118Q107 2381 88164 SH SOLE 62854 0 25310 Neurocrine Biosciences COM 64125C109 1011 169131 SH SOLE 71229 0 97902 NII HOLDINGS, INC. 3.125% CNV 62913FAJ1 16,725 16,600,000 PRN SOLE 16,600,000 0 0 06/15/2012 Nike, Inc. - B COM 654106103 2152 25161 SH SOLE 18216 0 6945 Nu Skin Enterprises, Inc. COM 67018T105 22910 565408 SH SOLE 402849 0 162559

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------ NVIDIA Corp. COM 67066G104 200 16025 SH SOLE 2118 0 13907 NXP Semiconductors NV ADR N6596X109 1313 92820 SH SOLE 83311 0 9509 NxStage Medical, Inc. COM 67072V103 8062 386485 SH SOLE 276324 0 110161 Oasis Petroleum, Inc. COM 674215108 3512 157265 SH SOLE 98539 0 58726 Occidental Petroleum Corp. COM 674599105 728 10185 SH SOLE 8475 0 1710 ODYSSEY MARINE EXPLORATION COM 676118102 473 192213 SH SOLE 80536 0 111677 Omnicell Inc COM 68213N109 2959 214748 SH SOLE 90219 0 124529 ON SEMICONDUCTOR CORPORATION CNV 682189AG0 692 650,000 PRN SOLE 650,000 0 0 2.625% 12/15/2026 Opnet Technologies Inc. COM 683757108 3920 112286 SH SOLE 47121 0 65165 Oracle Corp. COM 68389X105 6611 230041 SH SOLE 186839 0 43202 Orient Express Hotels ADR G67743107 387 56000 SH SOLE 0 0 56000 Oxford Industries Inc. COM 691497309 10589 308707 SH SOLE 173413 0 135294 PEABODY ENERGY CORPORATION COM 704549104 118 3,483 SH SOLE 3,483 0 0 Peets Coffee & Tea Inc COM 705560100 5308 95400 SH SOLE 50065 0 45335 Pegasystems Inc COM 705573103 2837 92669 SH SOLE 66270 0 26399 Penn National Gaming, Inc. COM 707569109 3224 96854 SH SOLE 65478 0 31376 Pernix Therapeutics Holdings COM 71426V108 106 12062 SH SOLE 2489 0 9573 Pfizer, Inc. COM 717081103 2145 121351 SH SOLE 100996 0 20355 Pharmacyclics Inc COM 716933106 2342 197960 SH SOLE 71895 0 126065 Pharmasset, Inc. COM 71715N106 11211 136108 SH SOLE 98332 0 37776 Pier 1 Imports Inc./Del. COM 720279108 7604 777515 SH SOLE 556050 0 221465 Pioneer Natural Resources Co. COM 723787107 1369 20814 SH SOLE 17317 0 3497 Polaris Industries COM 731068102 3353 67098 SH SOLE 47113 0 19985 Polypore International, Inc. COM 73179V103 8526 150841 SH SOLE 71266 0 79575 Polypore International, Inc. CALL 73179V903 876 15500 SH CALL SOLE 0 0 15500 Potash Corp. of Saskatchewan ADR 73755L107 1477 34164 SH SOLE 28468 0 5696 Precision Castparts Corp. COM 740189105 5123 32956 SH SOLE 28492 0 4464 priceline.com, Inc. COM 741503403 12491 27791 SH SOLE 21251 0 6540 Pricesmart, Inc. COM 741511109 12961 207974 SH SOLE 84048 0 123926 Procera Networks Inc COM 74269U203 967 100700 SH SOLE 16944 0 83756 PROS HOLDINGS INC COM 74346Y103 2129 165145 SH SOLE 69757 0 95388 ProShares Ultra Oil COM 74347R719 734 22400 SH SOLE 0 0 22400 QLIK Technologies, Inc. COM 74733T105 2585 119356 SH SOLE 83616 0 35740 Qualcomm, Inc. COM 747525103 7264 149369 SH SOLE 128964 0 20405 Quality Systems, Inc. COM 747582104 8586 88516 SH SOLE 63290 0 25226 Questcor Pharmaceuticals Inc COM 74835Y101 9683 355215 SH SOLE 242238 0 112977 Quimica y Minera Chile - SP ADR ADR 833635105 6838 143026 SH SOLE 134487 0 8539 Rackspace Hosting, Inc. COM 750086100 12565 368046 SH SOLE 263168 0 104878 Range Resources Corp COM 75281A109 1393 23836 SH SOLE 3154 0 20682 Raptor Pharmaceutical Corp COM 75382F106 957 212131 SH SOLE 89033 0 123098 Red Hat, Inc. COM 756577102 2251 53257 SH SOLE 29809 0 23448 Rediff.com India Limited - ADR ADR 757479100 460 70054 SH SOLE 8558 0 61496 REGIS CORP. 5% 07/15/2014 CNV 758932AA5 3,368 2,900,000 PRN SOLE 2,900,000 0 0 Rex Energy Corp COM 761565100 3404 269060 SH SOLE 86014 0 183046 RF Micro Devices, Inc. COM 749941100 7595 1197942 SH SOLE 852952 0 344990 Rightnow Technologies Inc COM 76657R106 9237 279492 SH SOLE 196980 0 82512 RigNet Inc COM 766582100 547 34113 SH SOLE 8084 0 26029 Robbins & Myers, Inc. COM 770196103 5260 151541 SH SOLE 106334 0 45207 Rosetta Resources, Inc. COM 777779307 5670 165692 SH SOLE 116806 0 48886 Ross Stores, Inc. COM 778296103 10297 130858 SH SOLE 96330 0 34528 Rovi Corp. COM 779376102 7197 167443 SH SOLE 131077 0 36366 RTI Biologics Inc COM 74975N105 820 249174 SH SOLE 104764 0 144410 RUTH'S Hospotality Group Inc COM 783332109 1222 284782 SH SOLE 119480 0 165302 Ryder System, Inc. COM 783549108 2403 64064 SH SOLE 56662 0 7402 S & P 500 Depositary Receipt PUT 78462F953 5658 50000 SH PUT SOLE 0 0 50000 SandRidge Energy, Inc. COM 80007P307 2977 535413 SH SOLE 474846 0 60567 Seadrill, Ltd. ADR G7945E105 1656 60164 SH SOLE 50061 0 10103 Select Comfort Corp. COM 81616X103 8252 590693 SH SOLE 422483 0 168210 SEQUANS COMMUNICATIONS-ADR ADR 817323108 112 22400 SH SOLE 0 0 22400

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------ SERVICESOURCE INTERNATIONAL COM 81763U100 1850 140072 SH SOLE 99822 0 40250 Shire PLC - ADR ADR 82481R106 2834 30176 SH SOLE 25115 0 5061 Shutterfly Inc COM 82568P304 3064 74409 SH SOLE 53130 0 21279 Silicon Image Inc COM 82705T102 1384 235701 SH SOLE 99083 0 136618 SILICON MOTION TECHNOL-ADR ADR 82706C108 2258 195360 SH SOLE 81947 0 113413 Smart Balance Inc COM 83169Y108 864 146407 SH SOLE 47979 0 98428 Sodastream International, Ltd. ADR M9068E105 13451 406890 SH SOLE 176602 0 230288 SPDR S&P 500 ETF TRUST PUT 78462F103 579 1,150 SH PUT SOLE 1,150 0 0 Spreadtrum Commnication - ADR ADR 849415203 311 17300 SH SOLE 0 0 17300 St. Jude Medical, Inc. COM 790849103 808 22326 SH SOLE 18579 0 3747 Staar Surgical Co. COM 852312305 5747 736816 SH SOLE 217765 0 519051 Stamp.Com Inc COM 852857200 4496 219962 SH SOLE 73134 0 146828 Starbucks Corp. COM 855244109 9830 263612 SH SOLE 212065 0 51547 Starwood Hotels & Resorts COM 85590A401 746 19221 SH SOLE 3463 0 15758 Worldwide Sturm Ruger & Co Inc COM 864159108 2261 87025 SH SOLE 31021 0 56004 SUNPOWER CORPORATION 4.5% CNV 867652AE9 1,269 1,500,000 PRN SOLE 1,500,000 0 0 03/15/2015 SUNTECH POWER HOLDINGS CO 3% CNV 86800CAE4 19,714 51,152,000 PRN SOLE 51,152,000 0 0 03/15/2013 SUSSER HOLDINGS CORP COM 869233106 1680 84301 SH SOLE 35466 0 48835 SXC Health Solutions Corp. COM 78505P100 12857 230688 SH SOLE 184480 0 46208 Syneron Medical Ltd ADR M87245102 1318 133028 SH SOLE 56763 0 76265 Taiwan Semiconductor - ADR ADR 874039100 9399 822326 SH SOLE 772436 0 49890 TEAVANA HOLDINGS INC COM 87819P102 702 34525 SH SOLE 14532 0 19993 Tesco Corp ADR ADR 88157K101 1794 154640 SH SOLE 103474 0 51166 The Coca-Cola Co. COM 191216100 9775 144693 SH SOLE 126841 0 17852 Thermon Group Holdings Inc COM 88362T103 1659 120049 SH SOLE 50349 0 69700 Tibco Software Inc COM 88632Q103 1368 61100 SH SOLE 12370 0 48730 Tidewater, Inc. COM 886423102 4858 115536 SH SOLE 95142 0 20394 Tiffany & Co. COM 886547108 2147 35300 SH SOLE 29380 0 5920 Titan International Inc COM 88830M102 595 39666 SH SOLE 16763 0 22903 TORNIER NV ADR N87237108 3962 193368 SH SOLE 130953 0 62415 TPC GROUP INC COM 89236Y104 394 19600 SH SOLE 2781 0 16819 Transdigm Group Inc COM 893641100 1365 16713 SH SOLE 4377 0 12336 Travelzoo Inc COM 89421Q106 261 11851 SH SOLE 0 0 11851 Treehouse Foods, Inc. COM 89469A104 5250 84890 SH SOLE 59581 0 25309 TREX COMPANY INC 6% 07/01/2012 CNV 89531PAA3 1,241 1,229,000 PRN SOLE 1,229,000 0 0 Triumph Group, Inc. COM 896818101 14023 287701 SH SOLE 201960 0 85741 True Religion Apparel Inc COM 89784N104 5309 196938 SH SOLE 130028 0 66910 TRW AUTOMOTIVE HOLDINGS CORP. COM 87264S106 15,878 485,113 SH SOLE 485,113 0 0 TW Telecom, Inc. COM 87311L104 2176 131700 SH SOLE 92443 0 39257 Twin Disc Inc COM 901476101 3015 113042 SH SOLE 47465 0 65577 UIL Holdings Corp. COM 902748102 5818 176677 SH SOLE 123964 0 52713 Ulta Salon, Cosmetics & COM 90384S303 16038 257725 SH SOLE 172866 0 84859 Fragrance, Inc. Under Armour, Inc. COM 904311107 16905 254560 SH SOLE 188820 0 65740 UNITED CONTINENTAL HOLDING INC COM 910047109 102 5,250 SH SOLE 5,250 0 0 Universal Display Corp. COM 91347P105 20694 431663 SH SOLE 260072 0 171591 USA TECHNOLOGIES INC COM 90328S500 367 305602 SH SOLE 32942 0 272660 Vale SA - SP ADR ADR 91912E105 20395 894185 SH SOLE 819813 0 74372 VANGUARD EMERGING MARKET ETF COM 922042858 612 17085 SH SOLE 17085 0 0 VeriFone Systems, Inc. COM 92342Y109 8029 229282 SH SOLE 141047 0 88235 Vertex Pharmaceuticals, Inc. COM 92532F100 2501 56145 SH SOLE 35550 0 20595 VIRGIN MEDIA INC 6.5% 11/15/2016 CNV 92769LAB7 44,325 29,550,000 PRN SOLE 29,550,000 0 0 Visionchina Media, Inc. - ADR ADR 92833U103 210 114986 SH SOLE 0 0 114986 VITAMIN SHOPPE INC COM 92849E101 2794 74631 SH SOLE 53364 0 21267 Volcano Corp. COM 928645100 7528 254062 SH SOLE 180121 0 73941 WALTER INVESTMENT MANAGEMENT COM 93317W102 1837 80116 SH SOLE 33643 0 46473 Waste Connections, Inc. COM 941053100 3977 117600 SH SOLE 87631 0 29969

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------ Watson Pharmaceuticals, Inc. COM 942683103 7366 107922 SH SOLE 69131 0 38791 WELLS FARGO & COMPANY CNV 949746804 1,548 1,500 SH SOLE 1,500 0 0 Westport Innovations, Inc. ADR 960908309 9017 311684 SH SOLE 230947 0 80737 Wet Seal Inc. - Cl. A COM 961840105 3632 810734 SH SOLE 340340 0 470394 Whole Foods Market, Inc. COM 966837106 11933 182718 SH SOLE 136216 0 46502 WISDOMTREE INVESTMENTS INC COM 97717P104 9663 1376478 SH SOLE 658845 0 717633 Yum Brands, Inc. COM 988498101 2266 45889 SH SOLE 35454 0 10435 Zale Corp. COM 988858106 282 98939 SH SOLE 41352 0 57587 ZILLOW INC COM 98954A107 2410 88124 SH SOLE 29326 0 58798