0001140361-12-025198.txt : 20120515 0001140361-12-025198.hdr.sgml : 20120515 20120515124023 ACCESSION NUMBER: 0001140361-12-025198 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 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: 12842618 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: 3/31/2012 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: Janet McWilliams Title: General Counsel, Senior Vice President & Secretary Phone: 312-587-3800 Signature, Place, and Date of Signing: /s/ Janet McWilliams Chicago, IL 5/15/2012 --------------------------------- --------------------------------- ---------- [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: 493 Form 13F Information Table Value Total: $ 2,323,578 -------------- (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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- 3D Systems Corp COM 88554D205 1636 69514 SH X 11540 0 57974 3M Co. COM 88579Y101 2632 29511 SH X 26667 0 2844 51job, Inc. - ADR ADR 316827104 3018 53085 SH X 50161 0 2924 8x8 Inc COM 282914100 1644 391523 SH X 134860 0 256663 ABB LTD SPONSORED ADR ADR 000375204 506 24830 SH X 12415 0 12415 Abercrombie & Fitch Co. COM 002896207 1270 25600 SH X 2463 0 23137 Abiomed Inc. COM 003654100 266 12000 SH X 2142 0 9858 ACACIA RESEARCH - ACACIA TEC COM 003881307 7094 169947 SH X 127141 0 42806 ACADIA PHARMACEUTICALS INC COM 004225108 1416 658389 SH X 226419 0 431970 Accenture, Ltd. - A ADR G1151C101 1156 17926 SH X 13558 0 4368 ACHILLION PHARMACEUTICALS COM 00448Q201 1525 159138 SH X 15596 0 143542 Acme Packet, Inc. COM 004764106 2044 74268 SH X 67658 0 6610 Acorn Factor Inc COM 004848107 1429 131455 SH X 4638 0 126817 ADA-ES INC COM 005208103 1228 50514 SH X 17372 0 33142 Advisory Board Co/The COM 00762W107 3461 39057 SH X 29171 0 9886 Aegean Marine Petroleum ADR Y0017S102 1833 265224 SH X 91360 0 173864 Network, Inc. AFFYMAX INC COM 00826A109 343 29200 SH X 0 0 29200 Air Methods Corp. COM 009128307 8234 94369 SH X 72345 0 22024 Airmedia Group, Inc. - ADR ADR 009411109 3033 984695 SH X 0 0 984695 Akamai Technologies, Inc. COM 00971T101 944 25712 SH X 2181 0 23531 AKORN INC COM 009728106 8904 760997 SH X 381961 0 379036 Alexion Pharmaceuticals, Inc. COM 015351109 20192 217448 SH X 163857 0 53591 Align Technology, Inc. COM 016255101 11556 419460 SH X 313709 0 105751 Alkermes Plc ADR G01767105 2125 114538 SH X 80329 0 34209 Allergan, Inc. COM 018490102 1946 20396 SH X 15423 0 4973 Allied Nevada Gold Corp. COM 019344100 4292 131928 SH X 91430 0 40498 ALLOT COMMUNICATIONS LTD ADR M0854Q105 15663 673697 SH X 364666 0 309031 Alnylam Pharmaceuticals Inc COM 02043Q107 5826 526286 SH X 280528 0 245758 Altera Corp. COM 021441100 8745 219618 SH X 177976 0 41642 Altisource Portfolio Solutions ADR L0175J104 5967 98399 SH X 63988 0 34411 SA Amarin Corp. PLC - ADR ADR 023111206 4740 418698 SH X 331878 0 86820 Amazon.com, Inc. COM 023135106 3780 18664 SH X 16984 0 1680 American Capital Agency Corp. COM 02503X105 8730 295542 SH X 183000 0 112542 American Eagle Outfitters COM 02553E106 469 27300 SH X 0 0 27300 American Railcar Industries COM 02916P103 1106 47034 SH X 16184 0 30850 American Tower Corp. COM 03027X100 2165 34349 SH X 25979 0 8370 American Vanguard Corp. COM 030371108 3410 157228 SH X 29190 0 128038 Americas Car-Mart Inc. COM 03062T105 1954 44419 SH X 15355 0 29064 Amerigon Inc COM 03070L300 2524 155981 SH X 53688 0 102293 AMEX MATERIALS SELECT SPDR FUND PUT 81369Y950 206 151500 SH PUT X 1,500 0 150000 Ampal-American Israel Corp. - A COM 036642106 580 179689 SH X 0 0 179689 ANACOR PHARMACEUTICALS INC COM 032420101 985 167280 SH X 57440 0 109840 Analogic Corp. COM 032657207 3932 58223 SH X 43569 0 14654 Annaly Capital Management, Inc. COM 035710409 1050 66401 SH X 11770 0 54631 ANNIE'S INC COM 03600T104 833 23900 SH X 3981 0 19919 APOLLO RESIDENTIAL MORTGAGE COM 03763V102 202 11000 SH X 1963 0 9037 Apple Inc. COM 037833100 35169 58667 SH X 41742 0 16925 Approach Resources Inc COM 03834A103 6024 163038 SH X 121921 0 41117 Arctic Cat Inc. COM 039670104 4355 101659 SH X 34947 0 66712 ARDEA BIOSCIENCES INC COM 03969P107 7582 348432 SH X 210219 0 138213 Ariad Pharmaceuticals, Inc. COM 04033A100 11875 744505 SH X 577004 0 167501 ARM Holdings PLC - SP ADR ADR 042068106 6331 223790 SH X 149196 0 74594 Armstrong World Industries, Inc. COM 04247X102 2797 57346 SH X 40684 0 16662 ArQule Inc. COM 04269E107 1260 179722 SH X 61941 0 117781 Array Biopharma Inc COM 04269X105 2273 667546 SH X 229906 0 437640 Aspen Technology Inc. COM 045327103 347 16906 SH X 4172 0 12734 ATP OIL AND GAS CORP PUT 00208J958 538 10500 SH PUT X 10500 0 0 AVAGO TECHNOLOGIES LTD ADR Y0486S104 1079 27700 SH X 3808 0 23892

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- Axt Inc. COM 00246W103 649 102200 SH X 6850 0 95350 BABCOCK & WILCOX CO/THE COM 05615F102 283 11000 SH X 2707 0 8293 Baidu, Inc. - SP ADR ADR 056752108 40064 274847 SH X 254280 0 20567 Bally Technologies Inc COM 05874B107 6744 144250 SH X 111179 0 33071 Banco Bradesco - ADR ADR 059460303 17464 997943 SH X 942035 0 55908 Banco Macro SA - ADR ADR 05961W105 3534 180234 SH X 164373 0 15861 Banco Santander SA - Spons. ADR ADR 05964H105 296 38694 SH X 19347 0 19347 Bank of America Corp. COM 060505104 1433 149700 SH X 12734 0 136966 BANK OF IRELAND - SPONS ADR ADR 46267Q202 894 132035 SH X 18438 0 113597 Bankrate, Inc. COM 06647F102 16418 663355 SH X 478717 0 184638 BANNER CORPORATION COM 06652V208 1207 54790 SH X 18846 0 35944 BE Aerospace, Inc. COM 073302101 2362 50827 SH X 8158 0 42669 Beam, Inc. COM 073730103 4486 76589 SH X 53067 0 23522 Beazer Homes U S A Inc COM 07556Q105 1585 487573 SH X 30534 0 457039 Bebe Stores Inc COM 075571109 1598 173162 SH X 59601 0 113561 Bed Bath & Beyond, Inc. COM 075896100 1317 20028 SH X 11792 0 8236 Biocryst Pharmaceuticals COM 09058V103 722 149422 SH X 51384 0 98038 Biogen Idec, Inc. COM 09062X103 1291 10250 SH X 7753 0 2497 Biomarin Pharmaceutical, Inc. COM 09061G101 4336 126599 SH X 89663 0 36936 BIOSCRIP INC COM 09069N108 1230 181096 SH X 62257 0 118839 BOINGO WIRELESS INC COM 09739C102 986 81500 SH X 0 0 81500 Boston Properties, Inc. COM 101121101 7109 67714 SH X 48040 0 19674 Boston Pvt Finl Hldgs COM 101119105 7422 748918 SH X 578471 0 170447 Bristol-Myers Squibb Co. COM 110122108 11535 341772 SH X 300186 0 41586 BRITISH AMERICAN TOBACCO PLC COM 110448107 201 1,986 SH X 1,986 0 0 SPONS ADR Broadcom Corp. - A COM 111320107 437 11109 SH X 945 0 10164 Brookdale Senior Living, Inc. COM 112463104 3526 188331 SH X 132036 0 56295 Brown-Forman Corp. - B COM 115637209 7114 85310 SH X 60695 0 24615 Buffalo Wild Wings Inc COM 119848109 1007 11100 SH X 1893 0 9207 BUILDERS FIRSTSOURCE INC COM 12008R107 1716 405700 SH X 27954 0 377746 Cabela's, Inc. COM 126804301 3022 79205 SH X 59267 0 19938 Cadence Design Systems Inc. COM 127387108 260 22000 SH X 3926 0 18074 CAFEPRESS COM 12769A103 630 32899 SH X 10852 0 22047 Callaway Golf Company COM 131193104 1811 267916 SH X 92141 0 175775 Callidus Software Inc COM 13123E500 2060 263824 SH X 90932 0 172892 CAMELOT INFORMATION SYS-ADS ADR 13322V105 3130 825844 SH X 15860 0 809984 Cameron International Corp. COM 13342B105 13912 263339 SH X 214393 0 48946 Caribou Coffee Co Inc COM 142042209 2099 112627 SH X 36710 0 75917 Carmike Cinemas Inc COM 143436400 897 64300 SH X 0 0 64300 Carpenter Technology Corp. COM 144285103 18000 344639 SH X 271471 0 73168 Cathay Bancorp Inc. COM 149150104 543 30654 SH X 5453 0 25201 CBRE Group, Inc. COM 12504L109 4692 235090 SH X 162894 0 72196 CBS Corp. - B COM 124857202 863 25459 SH X 2159 0 23300 Celadon Group Inc COM 150838100 470 30245 SH X 5390 0 24855 Celgene Corp. COM 151020104 4346 56065 SH X 40706 0 15359 CEMEX, S.A.B DE C.V. SPONSORED COM 151290889 668 86,053 SH X 86,053 0 0 ADR CENTRAL EURO DISTRIBUTION CORP. PUT 153435952 2 245 SH PUT X 245 0 0 Cepheid Inc COM 15670R107 13782 329486 SH X 228908 0 100578 Cerner Corp. COM 156782104 6894 90524 SH X 76376 0 14148 Cerus Corp. COM 157085101 3930 977673 SH X 186608 0 791065 Chart Industries, Inc. COM 16115Q308 13396 182676 SH X 149313 0 33363 Check Point Software ADR M22465104 21914 343274 SH X 275504 0 67770 Technologies, Ltd. CHEMTURA CORP COM 163893209 4305 253546 SH X 189666 0 63880 CHENIERE ENERGY INC COM 16411R208 2173 145066 SH X 101790 0 43276 ChipMOS TECHNOLOGIES Bermuda Ltd ADR G2110R114 2143 121857 SH X 41904 0 79953 Church & Dwight Co., Inc. COM 171340102 8119 165053 SH X 112758 0 52295 Cirrus Logic, Inc. COM 172755100 7130 299581 SH X 192136 0 107445

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- Cisco Systems, Inc. COM 17275R102 703 33216 SH X 25117 0 8099 CITIGROUP INC. CONV PFD 7.5% COM 172967416 518 5,000 SH X 5,000 0 0 12/15/2012 CITIZENS REPUBLIC BANCORP INC COM 174420307 616 39481 SH X 7023 0 32458 Clean Energy Fuels Corp. COM 184499101 708 33290 SH X 7188 0 26102 Clean Harbors Inc COM 184496107 6065 90081 SH X 64928 0 25153 CLOVIS ONCOLOGY INC COM 189464100 978 38434 SH X 13226 0 25208 Coach, Inc. COM 189754104 865 11189 SH X 8462 0 2727 COBALT INTERNATIONAL ENERGY COM 19075F106 3732 124264 SH X 18970 0 105294 COCA-COLA COMPANY (THE) COM 191216100 8,831 119,324 SH X 108,444 0 10880 COLGATE-PALMOLIVE CO COM 194162103 257 2,625 SH X 2,625 0 0 Columbia Banking System Inc. COM 197236102 3915 171868 SH X 120496 0 51372 Comerica, Inc. COM 200340107 777 24000 SH X 2044 0 21956 Commercial Vehicle Group Inc COM 202608105 2409 197263 SH X 47276 0 149987 COMMVAULT SYSTEMS INC COM 204166102 7504 151163 SH X 112974 0 38189 COMPANHIA VALE DO RIO DOCE ADR COM 91912E105 303 13,003 SH X 13,003 0 0 Concho Resources, Inc. COM 20605P101 5789 56711 SH X 37751 0 18960 Conn's Inc COM 208242107 5538 360758 SH X 85366 0 275392 Continental Resources, Inc. COM 212015101 1064 12394 SH X 1051 0 11343 Copa Holdings SA - A ADR P31076105 10985 138699 SH X 109926 0 28773 CORNERSTONE ONDEMAND INC COM 21925Y103 2542 116376 SH X 11128 0 105248 CORONADO BIOSCIENCES INC COM 21976U109 1243 146961 SH X 50566 0 96395 Cost Plus Inc./California COM 221485105 4425 247184 SH X 73133 0 174051 Costco Wholesale Corp. COM 22160K105 9529 104940 SH X 85210 0 19730 Credicorp, Ltd. ADR G2519Y108 14539 110298 SH X 103776 0 6522 CRIMSON EXPLORATION INC COM 22662K207 1191 287084 SH X 103971 0 183113 Crown Castle International Corp. COM 228227104 2095 39279 SH X 27254 0 12025 Cubist Pharmaceuticals, Inc. COM 229678107 11239 259872 SH X 188955 0 70917 Cummins, Inc. COM 231021106 1541 12841 SH X 6754 0 6087 CYANOTECH CORP COM 232437301 876 86482 SH X 29735 0 56747 Cyberonics COM 23251P102 11628 304960 SH X 224815 0 80145 Cynosure Inc-Class A COM 232577205 2179 121994 SH X 26677 0 95317 Dana Holdings Corp COM 235825205 206 13320 SH X 3278 0 10042 Datalink Corp COM 237934104 1543 162109 SH X 55820 0 106289 Dealertrack Holdings Inc COM 242309102 328 10852 SH X 0 0 10852 Deckers Outdoor Corp. COM 243537107 5346 84782 SH X 69912 0 14870 DELTEK INC COM 24784L105 911 85463 SH X 5036 0 80427 DEMANDWARE COM 24802Y105 4607 154603 SH X 80549 0 74054 Diageo PLC - SP ADR ADR 25243Q205 1253 12984 SH X 9819 0 3165 Dick's Sporting Goods, Inc. COM 253393102 1062 22098 SH X 3959 0 18139 DISH Network Corp COM 25470M109 771 23420 SH X 1986 0 21434 Dryships, Inc. ADR Y2109Q101 626 180000 SH X 18453 0 161547 DSW, Inc. COM 23334L102 12335 225216 SH X 174915 0 50301 Dxp Enterprises Inc COM 233377407 1346 30950 SH X 10657 0 20293 Dycom Industries Inc. COM 267475101 3699 158334 SH X 54571 0 103763 DYNAVAX TECHNOLOGIES CORP COM 268158102 3309 657939 SH X 226472 0 431467 Eagle Materials Inc COM 26969P108 6812 196028 SH X 139211 0 56817 East West Bancorp Inc COM 27579R104 4114 178176 SH X 20280 0 157896 ECOPETROL S.A. SPONSORED ADR ADR 279158109 8,571 140,304 SH X 129,531 0 10773 Edwards Lifesciences Corp. COM 28176E108 7120 97898 SH X 84092 0 13806 Elan Corp. PLC ADR 284131208 4730 315119 SH X 248439 0 66680 Elizabeth Arden Inc COM 28660G106 2911 83209 SH X 58339 0 24870 Emulex Corp. COM 292475209 7533 725763 SH X 460278 0 265485 Encore Wire Corp. COM 292562105 2309 77682 SH X 26764 0 50918 Endologix Inc COM 29266S106 12803 873938 SH X 489720 0 384218 ENERGY XXI BERMUDA ADR G10082140 5504 152436 SH X 93410 0 59026 Equinix, Inc. COM 29444U502 12209 77545 SH X 57428 0 20117 Ethan Allen Interiors COM 297602104 5347 211196 SH X 163852 0 47344 Exact Sciences Corp COM 30063P105 4230 379009 SH X 125872 0 253137 ExacTarget, Inc. COM 30064K105 4130 158863 SH X 123024 0 35839

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- F5 Networks, Inc. COM 315616102 15764 116808 SH X 88162 0 28646 FABRINET ADR G3323L100 787 44426 SH X 3310 0 41116 Faro Technologies Inc COM 311642102 8712 149357 SH X 84117 0 65240 Fifth Third Bancorp COM 316773100 1427 101630 SH X 17244 0 84386 Finish Line - Cl. A COM 317923100 310 14600 SH X 2606 0 11994 First Cash Financial Services, COM 31942D107 773 18032 SH X 18032 0 0 Inc. First Horizon National Corp COM 320517105 311 30000 SH X 0 0 30000 First Republic Bank COM 33616C100 1089 33045 SH X 5705 0 27340 FIRSTBANK CORP/ALMA MICH - COM DDH61G100 0 55125 SH X 55125 0 0 fractional shares FLEETCOR TECHNOLOGIES INC COM 339041105 669 17264 SH X 4246 0 13018 Flotek Industries Inc COM 343389102 2637 219373 SH X 75404 0 143969 Focus Media Holding, Ltd. - ADR ADR 34415V109 749 29825 SH X 2148 0 27677 Fomento Economico Mexicano SAB ADR 344419106 14092 171291 SH X 161343 0 9948 de CV Foot Locker, Inc. COM 344849104 1395 44929 SH X 8222 0 36707 Ford Motor Co. COM 345370860 6619 529910 SH X 463371 0 66539 FORD MOTOR COMPANY 4.25% CNV 345370CN8 54,683 34,500,000 PRN X 34,500,000 0 0 11/15/2016 CONV MN Fortinet, Inc. COM 34959E109 626 22630 SH X 5575 0 17055 Freeport McMoran Copper & Gold, COM 35671D857 5726 150519 SH X 137149 0 13370 Inc. Freeport McMoran Copper & Gold, PUT 35671D957 45 135 SH PUT X 135 0 0 Inc. Frontline, Ltd. ADR G3682E127 1254 163100 SH X 13366 0 149734 Fuel Systems Solutions Inc COM 35952W103 1954 74713 SH X 25697 0 49016 GENERAL MOTORS COMPANY COM 37045V100 1,420 55,358 SH X 55,358 0 0 GENERAL MOTORS COMPANY CONV PFD CNV 37045V209 837 20,000 SH X 20,000 0 0 GENERAL MOTORS COMPANY WTS 37045V118 289 17,371 SH CALL X 17,371 0 0 EXP07/10/2016 GENERAL MOTORS COMPANY WTS 37045V126 195 17,371 SH CALL X 17,371 0 0 EXP07/10/2019 Genesco Inc. COM 371532102 3663 51121 SH X 36104 0 15017 Genesee & Wyoming, Inc. COM 371559105 4218 77286 SH X 53563 0 23723 Georesources Inc COM 372476101 4156 126954 SH X 41101 0 85853 Gerdau SA - ADR ADR 373737105 1506 156450 SH X 138350 0 18100 Gilead Sciences, Inc. COM 375558103 3435 70312 SH X 63965 0 6347 GLOBAL CASH ACCESS INC COM 378967103 6545 839045 SH X 135399 0 703646 GLU MOBILE INC COM 379890106 4994 1029727 SH X 250190 0 779537 GNC Holdings, Inc. COM 36191G107 28021 803125 SH X 609232 0 193893 Granite Construction Inc COM 387328107 7281 253350 SH X 170167 0 83183 GRAPHIC PACKAGING HOLDING CO COM 388689101 336 60804 SH X 10804 0 50000 Great Lakes Dredge & Dock CO COM 390607109 1326 183674 SH X 63050 0 120624 Green Mountain Coffee COM 393122106 823 17579 SH X 2858 0 14721 Grupo Aeroportuario Sureste SAB ADR 40051E202 10540 153825 SH X 145504 0 8321 de CV GSE HOLDING INC COM 36191X100 1450 110471 SH X 38388 0 72083 GUIDEWIRE SOFTWARE INC COM 40171v100 1820 59141 SH X 9024 0 50117 Gulfmark Offshore, Inc. COM 402629208 7783 169341 SH X 117240 0 52101 H&E EQUIPMENT SERVICES INC COM 404030108 1942 102628 SH X 35340 0 67288 H.J.HEINZ CO. COM 423074103 1,235 23,064 SH X 23,064 0 0 Hain Celestial Group Inc. COM 405217100 9802 223737 SH X 160339 0 63398 HALCON RESOURCES CORP COM 40537Q209 688 73302 SH X 24058 0 49244 Halliburton Co. COM 406216101 6508 196098 SH X 174338 0 21760 Headwaters Inc COM 42210P102 518 123904 SH X 0 0 123904 Healthcare Services Group COM 421906108 7237 340264 SH X 254548 0 85716 HEALTHSTREAM INC COM 42222N103 4624 199404 SH X 68550 0 130854 Heinz (H.J.) Co. COM 423074103 1482 27667 SH X 22895 0 4772 HERCULES OFFSHORE INC COM 427093109 1848 390739 SH X 134442 0 256297

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- Hershey Co. COM 427866108 6769 110372 SH X 78208 0 32164 Hertz Global Holdings, Inc. COM 42805T105 1246 82818 SH X 14106 0 68712 HFF INC - CLASS A COM 40418F108 3329 202111 SH X 65730 0 136381 HISOFT TECHNOLOGY INT-ADR ADR 43358R108 1329 88500 SH X 5735 0 82765 HMS Holdings Corp. COM 40425J101 7532 241347 SH X 172702 0 68645 Hornbeck Offshore Services COM 440543106 10752 255824 SH X 191272 0 64552 Hot Topic Inc COM 441339108 938 92400 SH X 7118 0 85282 Hovnanian Enterprises - A COM 442487203 729 297524 SH X 49507 0 248017 HSBC HOLDINGS PLC SPONSORED ADR COM 404280406 350 7,888 SH X 7,888 0 0 Hunt (JB) Transport Svcs Inc COM 445658107 775 14259 SH X 1210 0 13049 Imax Corp. ADR 45245E109 13858 567032 SH X 350589 0 216443 Impax Laboratories, Inc. COM 45256B101 11482 467130 SH X 329114 0 138016 IMPERVA INC COM 45321L100 2999 76612 SH X 26298 0 50314 INCONTACT INC COM 45336E109 1015 181956 SH X 62403 0 119553 Incyte Corp. COM 45337C102 3083 159719 SH X 119533 0 40186 INDIA FUND INC COM 454089103 1984 88963 SH X 51144 0 37819 INNERWORKINGS INC COM 45773Y105 3103 266366 SH X 72057 0 194309 INPHI CORP COM 45772F107 3107 219116 SH X 75394 0 143722 Intel Corp. COM 458140100 2416 85962 SH X 61311 0 24651 Intuitive Surgical, Inc. COM 46120E602 8631 15932 SH X 9359 0 6573 Invision Technologies Inc. COM 46123D205 1846 101967 SH X 71531 0 30436 IPG Photonics Corp. COM 44980X109 1539 29569 SH X 18100 0 11469 IROBOT CORP COM 462726100 3301 121097 SH X 90598 0 30499 ISHARES MSCI BRAZIL PUT 464286950 3315 50500 SH PUT X 500 0 50000 Ishares MSCI Emerging Markets PUT 464287954 8706 202000 SH PUT X 2000 0 200000 Index Fund IShares Russell Micro Cap Inx COM 464288869 1290 25096 SH X 24028 0 1068 Isle of Capri Casinos COM 464592104 2648 375099 SH X 26392 0 348707 Itau Unibanco Holding - PREF ADR ADR 465562106 6608 344336 SH X 309811 0 34525 Jamba Inc COM 47023A101 518 250332 SH X 0 0 250332 Jazz Pharmaceuticals PLC ADR G50871105 7163 147775 SH X 106363 0 41412 JDS Uniphase Corp. COM 46612J507 2095 144609 SH X 22882 0 121727 Joy Global, Inc. COM 481165108 5811 79057 SH X 65307 0 13750 JPMorgan Chase & Co COM 46625H100 1025 22300 SH X 1898 0 20402 KBR, Inc. COM 48242W106 997 28053 SH X 21231 0 6822 Kenexa Corp. COM 488879107 9838 314926 SH X 191668 0 123258 Key Tronic Corp. COM 493144109 847 89411 SH X 30726 0 58685 Kirby Corp. COM 497266106 7163 108874 SH X 77452 0 31422 Kodiak Oil & Gas Corp COM 50015Q100 8876 891205 SH X 687209 0 203996 Kraft Foods, Inc. - A COM 50075N104 1939 51004 SH X 38577 0 12427 Krispy Kreme Doughnuts Inc COM 501014104 1922 263287 SH X 90718 0 172569 KRONOS WORLDWIDE INC COM 50105F105 383 15348 SH X 0 0 15348 Kulicke & Soffa Industries COM 501242101 8287 666716 SH X 515165 0 151551 Laredo Petroleum Holdings, Inc. COM 516806106 5640 240607 SH X 141730 0 98877 Las Vegas Sands Corp. COM 517834107 6555 113855 SH X 43891 0 69964 Leapfrog Enterprises Inc COM 52186N106 5890 704502 SH X 205284 0 499218 LEAR CORPORATION COM 521865204 13,775 296,311 SH X 296,311 0 0 Lender Processing Services COM 52602E102 2122 81600 SH X 9506 0 72094 Lennar Corp. COM 526057104 530 19500 SH X 3028 0 16472 Life Time Fitness, Inc. COM 53217R207 11705 231461 SH X 169712 0 61749 Liquidity Services, Inc. COM 53635B107 8575 191404 SH X 99484 0 91920 Lithia Motors Inc. Cl-A COM 536797103 6890 262988 SH X 132052 0 130936 Liveperson Inc COM 538146101 2458 146589 SH X 50385 0 96204 Liz Claiborne Inc. COM 539320101 4313 322838 SH X 249991 0 72847 LKQ Corp. COM 501889208 2186 70135 SH X 48554 0 21581 Lululemon Athletica, Inc. ADR 550021109 2898 38805 SH X 29077 0 9728 Macy's, Inc. COM 55616P104 2112 53161 SH X 25364 0 27797 magicJack VocalTec Ltd ADR M6787E101 564 26000 SH X 3901 0 22099 MAKO SURGICAL CORP COM 560879108 5512 130763 SH X 91235 0 39528 Market Vectors Russia Etf COM 57060U506 858 27800 SH X 0 0 27800

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- MarketAxess Holdings Inc COM 57060D108 7393 198250 SH X 139930 0 58320 Masco Corp. COM 574599106 695 52000 SH X 8515 0 43485 Mastercard, Inc. - A COM 57636Q104 5247 12478 SH X 9836 0 2642 MATADOR RESOURCES CO COM 576485205 1208 110343 SH X 37878 0 72465 Mattel, Inc. COM 577081102 3662 108808 SH X 75533 0 33275 MATTRESS FIRM HOLDING CORP COM 57722W106 747 19720 SH X 3279 0 16441 Mattson Technology Inc COM 577223100 2407 869018 SH X 66352 0 802666 MBIA INC PUT 55262C950 418 2663 SH PUT X 2663 0 0 MC DONALDS CORP COM 580135101 12,930 131,809 SH X 116,220 0 15589 Medicines Company COM 584688105 3212 160053 SH X 112262 0 47791 Medivation, Inc. COM 58501N101 8765 117307 SH X 85732 0 31575 Melco Crown Entertainment - ADR ADR 585464100 7563 554497 SH X 62362 0 492135 Mens Warehouse Inc COM 587118100 6714 173163 SH X 129466 0 43697 MercadoLibre, Inc. ADR 58733R102 16807 171869 SH X 140857 0 31012 Meritor Inc COM 59001K100 323 40000 SH X 0 0 40000 MERRIMACK PHARMACEUTICALS IN COM 590328100 629 101650 SH X 80690 0 20960 Methanex Corp. ADR 59151K108 435 13400 SH X 3295 0 10105 MGM Resorts International CALL 552953901 20 20000 SH CALL X 0 0 20000 Michael Kors Holdings, Ltd. ADR G60754101 4239 90988 SH X 59001 0 31987 Microsoft Corp. COM 594918104 11915 369402 SH X 361593 0 7809 Mitcham Industries Inc COM 606501104 1051 46814 SH X 16125 0 30689 Mitek Systems Inc. COM 606710200 9756 841066 SH X 121467 0 719599 MOLSON COORS BREWING CO COM 60871R209 1375 30400 SH X 30400 0 0 Monolithic Power Systems COM 609839105 1557 79171 SH X 27246 0 51925 Monsanto Co. COM 61166W101 2322 29124 SH X 29124 0 0 Monster Beverage Corp. COM 611740101 16886 271962 SH X 205609 0 66353 Movado Group COM 624580106 3865 157415 SH X 54184 0 103231 Multimedia Games, Inc. COM 625453105 1735 158324 SH X 43711 0 114613 Nektar Therapeutics COM 640268108 2820 356069 SH X 122439 0 233630 NET 1 UEPS TECHNOLOGIES INC ADR 64107N206 357 39522 SH X 0 0 39522 Netgear Inc COM 64111Q104 2704 70786 SH X 49591 0 21195 Netsuite, Inc. COM 64118Q107 9908 197008 SH X 144429 0 52579 Neurocrine Biosciences COM 64125C109 1042 130708 SH X 45028 0 85680 NEUSTAR INC-CLASS A COM 64126X201 730 19603 SH X 3802 0 15801 NewCastle Investment Corp COM 65105M108 848 135000 SH X 10704 0 124296 Newmont Mining Corp. COM 651639106 1270 24769 SH X 18745 0 6024 Nike, Inc. - B COM 654106103 2679 24707 SH X 13038 0 11669 NOVARTIS AG-ADR COM 66987V109 305 5,512 SH X 5,512 0 0 NQ Mobile Inc - ADR ADR 64118U108 1272 119538 SH X 41100 0 78438 Nu Skin Enterprises, Inc. COM 67018T105 14856 256533 SH X 203816 0 52717 NVIDIA Corp. COM 67066G104 9735 632522 SH X 493789 0 138733 NXP Semiconductors NV ADR N6596X109 5270 198057 SH X 148488 0 49569 O Y O Geospace Corp COM 671074102 2268 21534 SH X 7393 0 14141 ODYSSEY MARINE EXPLORATION COM 676118102 1594 512505 SH X 155796 0 356709 Old Dominion Freight Line COM 679580100 4555 95561 SH X 71429 0 24132 OmniVision Technologies, Inc. COM 682128103 2674 133700 SH X 10045 0 123655 On Assignment Inc. COM 682159108 7787 445720 SH X 186882 0 258838 OPTIMER PHARMACEUTICALS INC COM 68401H104 1257 90456 SH X 31178 0 59278 Orasure Technologies Inc COM 68554V108 1327 115529 SH X 39813 0 75716 Orient Express Hotels ADR G67743107 12998 1274301 SH X 259928 0 1014373 OVERSEAS SHIPHOLDING GRP PUT 690368955 160 1,030 SH PUT X 1,030 0 0 Oxford Industries Inc. COM 691497309 2234 43951 SH X 30827 0 13124 PACIFIC RUBIALES ENERGY CORP ADR 69480U206 529 18080 SH X 1540 0 16540 PACIRA PHARMACEUTICALS INC COM 695127100 1290 111825 SH X 38541 0 73284 PEABODY ENERGY CORPORATION COM 704549104 101 3,483 SH X 3,483 0 0 Penske Automotive Group, Inc. COM 70959W103 4207 170799 SH X 127287 0 43512 Perrigo Co. COM 714290103 7894 76411 SH X 61567 0 14844 Pfizer, Inc. COM 717081103 1136 50117 SH X 37891 0 12226 Pharmacyclics Inc COM 716933106 8579 309035 SH X 135231 0 173804 Pier 1 Imports Inc./Del. COM 720279108 4485 246698 SH X 139229 0 107469

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- Pioneer Natural Resources Co. COM 723787107 18132 162490 SH X 123019 0 39471 Plains Exploration & Production COM 726505100 4766 111751 SH X 68331 0 43420 Co. Polaris Industries COM 731068102 2395 33197 SH X 23006 0 10191 Praxair, Inc. COM 74005P104 1779 15518 SH X 11735 0 3783 Precision Castparts Corp. COM 740189105 7159 41406 SH X 35079 0 6327 Premier Exhibitions Inc COM 74051E102 280 79000 SH X 13022 0 65978 Procera Networks Inc COM 74269U203 10960 490175 SH X 124312 0 365863 PROS HOLDINGS INC COM 74346Y103 3190 170586 SH X 58888 0 111698 PROTO LABS INC COM 743713109 6768 198531 SH X 52212 0 146319 Pulte Corp. COM 745867101 286 32305 SH X 7940 0 24365 QLIK Technologies, Inc. COM 74733T105 2508 78369 SH X 54974 0 23395 QLogic Corp. COM 747277101 460 25900 SH X 6383 0 19517 Qualcomm, Inc. COM 747525103 13342 196144 SH X 157233 0 38911 Questcor Pharmaceuticals, Inc. COM 74835Y101 3442 91481 SH X 64170 0 27311 Quimica y Minera Chile - SP ADR ADR 833635105 3235 55139 SH X 48877 0 6262 Rackspace Hosting, Inc. COM 750086100 26337 455733 SH X 330456 0 125277 RADIOSHACK CORP PUT 750438953 312 1962 SH PUT X 1962 0 0 RadNet Inc COM 750491102 194 61119 SH X 0 0 61119 Radware Ltd ADR M81873107 5461 145869 SH X 102316 0 43553 Raptor Pharmaceutical Corp COM 75382F106 1030 152326 SH X 34051 0 118275 Red Hat, Inc. COM 756577102 2552 42605 SH X 29562 0 13043 Regeneron Pharmaceutical COM 75886F107 1338 11472 SH X 845 0 10627 REGIONS FINANCIAL CORP COM 7591EP100 2455 372500 SH X 47719 0 324781 REGIS CORP.07/15/2014 CNV 758932AA5 3,872 2,900,000 PRN X 2,900,000 0 0 Rentrak Corporation COM 760174102 605 26644 SH X 0 0 26644 RITE AID CORP COM 767754104 8143 4680321 SH X 2939142 0 1741179 Riverbed Technology, Inc. COM 768573107 10120 360416 SH X 276931 0 83485 Ross Stores, Inc. COM 778296103 7770 133729 SH X 79250 0 54479 RUSH ENTERPRISES INC-CL A COM 781846209 3095 145861 SH X 109012 0 36849 Ryder System, Inc. COM 783549108 8476 160539 SH X 126027 0 34512 Saba Software Inc COM 784932600 2552 260132 SH X 89594 0 170538 SABRA HEALTH CARE REIT INC COM 78573L106 215 13106 SH X 0 0 13106 Salesforce.com, Inc. COM 79466L302 6012 38908 SH X 34959 0 3949 Salix Pharmaceuticals, Ltd. COM 795435106 4911 93536 SH X 69984 0 23552 SANCHEZ ENERGY CORP COM 79970Y105 382 17000 SH X 0 0 17000 SANDISK CORPORATION CONV CNV 80004CAD3 36,815 31,100,000 PRN X 31,100,000 0 0 Santarus Inc COM 802817304 1670 285420 SH X 17035 0 268385 Sciclone Pharmaceuticals Inc. COM 80862K104 316 50000 SH X 0 0 50000 SEADRILL LTD. ADR G7945E105 1,646 43,894 SH X 30,429 0 13465 SEALY CORP COM 812139301 533 264000 SH X 0 0 264000 Select Comfort Corp. COM 81616X103 6769 208985 SH X 138015 0 70970 Semtech Corp COM 816850101 3854 135422 SH X 101226 0 34196 Shire PLC - ADR ADR 82481R106 1940 20474 SH X 16458 0 4016 Shuffle Master Inc COM 825549108 6049 343701 SH X 174233 0 169468 Silicon Image Inc COM 82705T102 490 83282 SH X 0 0 83282 SILICON MOTION TECHNOL-ADR ADR 82706C108 2130 109945 SH X 37813 0 72132 Sirius XM Radio Inc COM 82967N108 696 301273 SH X 0 0 301273 Skyworks Solutions, Inc. COM 83088M102 1532 55400 SH X 9986 0 45414 Smith & Wesson Holding Corp COM 831756101 6415 827734 SH X 421497 0 406237 Sodastream International, Ltd. ADR M9068E105 2055 61007 SH X 6527 0 54480 Sodastream International, Ltd. CALL M9068E905 3065 91000 SH CALL X 0 0 91000 Solarwinds, Inc. COM 83416B109 9583 247943 SH X 172980 0 74963 SOLAZYME INC COM 83415T101 1469 100438 SH X 34623 0 65815 SOLTA MEDICAL INC COM 83438K103 45 15000 SH X 0 0 15000 SOURCEFIRE INC COM 83616T108 3793 78811 SH X 54805 0 24006 Spdr DJ Wilshire Intl Real E COM 78463X863 921 25021 SH X 0 0 25021 SPDR S&P 500 ETF TRUST PUT 78462F953 837 5959 SH PUT X 59 0 5900 Spectranetics Corp. COM 84760C107 4479 430721 SH X 98570 0 332151 Spirit AeroSystems Holdings, COM 848574109 5798 237033 SH X 204498 0 32535 Inc. - A

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- SPIRIT AIRLINES INC COM 848577102 8686 432790 SH X 277504 0 155286 SPX Corp. COM 784635104 3234 41710 SH X 28017 0 13693 Staar Surgical Co. COM 852312305 8704 803649 SH X 382316 0 421333 Stamp.Com Inc COM 852857200 848 30430 SH X 10491 0 19939 Standard Pacific Corp. COM 85375C101 962 215693 SH X 0 0 215693 Starbucks Corp. COM 855244109 10991 196658 SH X 152846 0 43812 Starwood Hotels & Resorts COM 85590A401 6759 119828 SH X 76274 0 43554 Worldwide Steven Madden Limited COM 556269108 2198 51405 SH X 36045 0 15360 Stratasys, Inc. COM 862685104 2405 65842 SH X 46163 0 19679 Sturm Ruger & Co Inc COM 864159108 2331 47481 SH X 13124 0 34357 SUNPOWER CORPORATIONCONV CNV 867652AE9 48,035 53,670,000 PRN X 53,670,000 0 0 Sunrise Senior Living Inc. COM 86768K106 2623 414964 SH X 142742 0 272222 SUNTECH POWER HOLDINGS COCONV CNV 86800CAE4 30,013 37,852,000 PRN X 37,852,000 0 0 Support.com Inc COM 86858W101 866 274857 SH X 0 0 274857 SVB Financial Group COM 78486Q101 978 15200 SH X 3402 0 11798 Swift Transportation Inc. COM 87074U10 799 69251 SH X 0 0 69251 SXC Health Solutions Corp. COM 78505P100 22841 304713 SH X 238387 0 66326 Synchronoss Technologies, Inc. COM 87157B103 7780 243728 SH X 182220 0 61508 SYNERGETICS USA INC COM 87160G107 847 130274 SH X 44962 0 85312 Syneron Medical Ltd ADR M87245102 1498 139727 SH X 48532 0 91195 SYNGENTA AG SPONSORED ADR COM 87160A100 257 3,741 SH X 3,741 0 0 Synta Pharmaeuticals Corp COM 87162T206 1094 249158 SH X 85934 0 163224 Taiwan Semiconductor - ADR ADR 874039100 27449 1796419 SH X 1697200 0 99219 Tal International Group Inc COM 874083108 6705 182660 SH X 136647 0 46013 Tata Motors, Ltd. - SP ADR ADR 876568502 10274 380942 SH X 264233 0 116709 Team Inc. COM 878155100 3941 127343 SH X 43773 0 83570 Tempur-Pedic International COM 88023U101 1058 12526 SH X 2524 0 10002 Tenaris SA ADR 88031M109 14368 375842 SH X 354872 0 20970 Tenneco, Inc. COM 880349105 5583 150284 SH X 103384 0 46900 Teradyne, Inc. COM 880770102 7904 467993 SH X 370444 0 97549 Terex Corp. COM 880779103 11278 501251 SH X 330798 0 170453 Teva Pharmaceutical Industries, ADR 881624209 8223 182501 SH X 164295 0 18206 Ltd. - SP ADR THE GOODYEAR TIRE & RUBR CO PUT 382550951 778 8,244 SH PUT X 8,244 0 0 Thermon Group Holdings Inc COM 88362T103 1310 64081 SH X 19739 0 44342 THRESHOLD PHARMACEUTICALS COM 885807206 3454 392464 SH X 134857 0 257607 Tibco Software Inc COM 88632Q103 1350 44262 SH X 6009 0 38253 Tidewater, Inc. COM 886423102 7838 145101 SH X 128952 0 16149 Tim Participacoes SA ADR 88706P205 743 23044 SH X 1954 0 21090 Titan International, Inc. COM 88830M102 3542 149753 SH X 111944 0 37809 Titan Machinery Inc COM 88830R101 3492 123813 SH X 42578 0 81235 TMS International Corp-A COM 87261Q103 597 49308 SH X 8789 0 40519 TPC GROUP INC COM 89236Y104 2908 65770 SH X 16921 0 48849 Transglobe Energy Corp ADR 893662106 1145 94800 SH X 6637 0 88163 Treehouse Foods, Inc. COM 89469A104 3382 56832 SH X 39427 0 17405 TREX COMPANY INC CONV JJ CNV 89531PAA3 1,804 1,229,000 PRN X 1,229,000 0 0 TRIANGLE PETROLEUM CORP COM 89600B201 2554 370197 SH X 104003 0 266194 TRIMAS CORP COM 896215209 869 38814 SH X 0 0 38814 Trimble Navigation Ltd. COM 896239100 966 17751 SH X 2994 0 14757 TRI-TECH HOLDING INC ADR G9103F106 1494 205453 SH X 0 0 205453 Triumph Group, Inc. COM 896818101 11529 183993 SH X 125196 0 58797 TrueBlue Inc COM 89785X101 2288 127986 SH X 44100 0 83886 TUCOWS INC ADR 898697107 1147 932702 SH X 0 0 932702 UBIQUITI NETWORKS INC COM 90347A100 12037 380549 SH X 246779 0 133770 Ulta Salon, Cosmetics & COM 90384S303 19478 209690 SH X 134910 0 74780 Fragrance, Inc. Ultimate Software Group Inc. COM 90385D107 10023 136772 SH X 102285 0 34487 Ultratech Stepper Inc. COM 904034105 10818 373299 SH X 241357 0 131942 Under Armour, Inc. COM 904311107 13074 139083 SH X 111077 0 28006

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 -------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ------- United Rentals, Inc. COM 911363109 13599 317057 SH X 229378 0 87679 USG Corp. COM 903293405 2243 130400 SH X 11780 0 118620 VAALCO ENERGY INC COM 91851C201 170 18000 SH X 3212 0 14788 Vale SA - SP ADR ADR 91912E105 20154 863880 SH X 787452 0 76428 ValueClick, Inc. COM 92046N102 351 17791 SH X 4380 0 13411 VANGUARD EMERGING MARKET ETF COM 922042858 1948 44804 SH X 28759 0 16045 VELTI Plc ADR G93285107 10896 804165 SH X 119794 0 684371 VeriFone Systems, Inc. COM 92342Y109 694 13370 SH X 3289 0 10081 Verisk Analytics, Inc. - A COM 92345Y106 1404 29891 SH X 3327 0 26564 Visionchina Media, Inc. - ADR ADR 92833U103 2666 1687463 SH X 0 0 1687463 Vivus Inc COM 928551100 4465 199679 SH X 132779 0 66900 VOCERA COMMUNICATIONS INC COM 92857F107 1399 59774 SH X 20716 0 39058 Vodafone Group PLC - Spons. ADR ADR 92857W209 604 21850 SH X 10925 0 10925 Volterra Semiconductor Corp COM 928708106 7752 225252 SH X 172179 0 53073 Wabash National Corp. COM 929566107 11015 1064217 SH X 589665 0 474552 WALTER INVESTMENT MANAGEMENT COM 93317W102 1177 52202 SH X 17948 0 34254 WEB.COM GROUP INC COM 94733A104 289 20000 SH X 3571 0 16429 WELLS FARGO & COMPANY CONV CLS CNV 949746804 1,675 1,500 SH X 1,500 0 0 A CONV PFD WESCO AIRCRAFT HOLDINGS INC COM 950814103 512 31612 SH X 5632 0 25980 WESTERN ALLIANCE BANCORP COM 957638109 5026 593434 SH X 149073 0 444361 Western Digital Corp. COM 958102105 1179 28480 SH X 4587 0 23893 Whole Foods Market, Inc. COM 966837106 16114 193679 SH X 156108 0 37571 Winnebago Industries COM 974637100 1220 124525 SH X 42821 0 81704 WISDOMTREE INVESTMENTS INC COM 97717P104 5507 657892 SH X 492234 0 165658 XOMA Corp COM 98419J107 903 325984 SH X 112078 0 213906 XPO LOGISTICS INC COM 983793100 1255 74715 SH X 25694 0 49021 YANDEX NV-A ADR N97284108 725 27000 SH X 2297 0 24703 Youku Inc ADR 98742U100 1715 78000 SH X 6912 0 71088 Yum Brands, Inc. COM 988498101 3441 48340 SH X 45494 0 2846 ZILLOW INC COM 98954A107 1609 45205 SH X 15582 0 29623 ZIOPHARM ONCOLOGY INC COM 98973P101 2170 401920 SH X 138523 0 263397 Zumiez Inc COM 989817101 416 11522 SH X 2056 0 9466 Zygo Corp. COM 989855101 2051 104815 SH X 36020 0 68795