0001140361-13-006925.txt : 20130214 0001140361-13-006925.hdr.sgml : 20130214 20130214131002 ACCESSION NUMBER: 0001140361-13-006925 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 EFFECTIVENESS DATE: 20130214 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: 13610037 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: 12/31/2012 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: Managing Director Phone: 312-587-3800 Signature, Place, and Date of Signing: /s/ Janet McWilliams Chicago, IL 2/14/2013 --------------------------------- --------------------------------- ---------- [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: 472 Form 13F Information Table Value Total: $ 2,621,405 -------------- (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 1230 13244 SH SOLE 13244 0 0 8x8 Inc COM 282914100 7118 964503 SH SOLE 451601 0 512902 Abercrombie & Fitch Co. - Cl. A COM 002896207 2804 58460 SH SOLE 7198 0 51262 ACADIA HEALTHCARE CO INC COM 00404A109 5108 218772 SH SOLE 124269 0 94503 ACADIA PHARMACEUTICALS INC COM 004225108 1009 217053 SH SOLE 93616 0 123437 ACELRX PHARMACEUTICALS INC COM 00444T100 1451 340700 SH SOLE 77518 0 263182 Acme Packet, Inc. COM 004764106 3300 149187 SH SOLE 19492 0 129695 Acuity Brands Inc COM 00508Y102 7145 105492 SH SOLE 84270 0 21222 AEGERION PHARMACEUTICALS INC COM 00767E102 4498 177242 SH SOLE 99937 0 77305 Afc Enterprises COM 00104Q107 2478 94830 SH SOLE 40924 0 53906 AFFYMAX INC COM 00826A109 944 49700 SH SOLE 21455 0 28245 AIR LEASE CORP COM 00912X302 247 11500 SH SOLE 0 0 11500 Air Methods Corp. COM 009128307 10620 287874 SH SOLE 212955 0 74919 Airmedia Group, Inc. - ADR ADR 009411109 2685 1398195 SH SOLE 0 0 1398195 Alaska Airgroup Inc. COM 011659109 5962 138372 SH SOLE 110740 0 27632 Alexion Pharmaceuticals, Inc. COM 015351109 11649 124177 SH SOLE 97087 0 27090 Allegheny Technologies, Inc. COM 01741R102 328 10800 SH SOLE 3514 0 7286 Allergan, Inc. COM 018490102 6269 68344 SH SOLE 57873 0 10471 Alnylam Pharmaceuticals Inc COM 02043Q107 6727 368613 SH SOLE 208044 0 160569 Alon USA Energy Inc COM 020520102 3633 200839 SH SOLE 103027 0 97812 ALON USA PARTNERS LP COM 02052T109 12216 507538 SH SOLE 29988 0 477550 Altera Corp. COM 021441100 3837 111408 SH SOLE 103133 0 8275 Altisource Portfolio Solutions SA ADR L0175J104 1164 13432 SH SOLE 3898 0 9534 ALTISOURCE RESIDENTIAL - CL B - WI ADR 02153W100 666 42022 SH SOLE 1621 0 40401 Amazon.com, Inc. COM 023135106 5543 22070 SH SOLE 20080 0 1990 AMC NETWORKS INC-A COM 00164V103 614 12400 SH SOLE 4035 0 8365 American Eagle Outfitters COM 02553E106 541 26400 SH SOLE 3905 0 22495 American Railcar Industries COM 02916P103 3528 111198 SH SOLE 29779 0 81419 American Tower Corp. COM 03027X100 7484 96857 SH SOLE 8656 0 88201 American Vanguard Corp. COM 030371108 4669 150285 SH SOLE 98922 0 51363 American Woodmark Corp. COM 030506109 1706 61336 SH SOLE 25172 0 36164 Amn Healthcare Services Inc COM 001744101 762 66000 SH SOLE 8795 0 57205 AMREIT INC-CLASS B COM 03216B208 2029 118284 SH SOLE 0 0 118284 ANACOR PHARMACEUTICALS INC COM 032420101 906 174284 SH SOLE 74862 0 99422 Analogic Corp. COM 032657207 6396 86083 SH SOLE 68639 0 17444 ANIXTER INTL INC NOTE 1.0% 035290AJ4 23738 20800000 PRN SOLE 20,800,000 0 0 02/15/13 Apogee Enterprises Inc. COM 037598109 2627 109609 SH SOLE 44773 0 64836 APOLLO COMMERCIAL REAL ESTAT COM 03762U105 5340 329024 SH SOLE 0 0 329024 APOLLO GLOBAL MANAGEMENT - A COM 037612306 3915 225532 SH SOLE 5205 0 220327 Apple Inc. COM 037833100 38455 72145 SH SOLE 53645 0 18500 Applied Micro Circuits Corp COM 03822W406 4270 507090 SH SOLE 295027 0 212063 Arctic Cat Inc. COM 039670104 1065 31894 SH SOLE 14637 0 17257 Ariad Pharmaceuticals, Inc. COM 04033A100 9096 474231 SH SOLE 364519 0 109712 ARM Holdings PLC - SP ADR ADR 042068106 3391 89628 SH SOLE 52003 0 37625 ArQule Inc. COM 04269E107 584 209180 SH SOLE 89921 0 119259 Array Biopharma Inc COM 04269X105 1236 332367 SH SOLE 143232 0 189135 Aruba Networks, Inc. COM 043176106 5666 273182 SH SOLE 212913 0 60269 Associated Estates Realty Corp. COM 045604105 3767 233700 SH SOLE 0 0 233700 Athenahealth Inc COM 04685W103 3089 42146 SH SOLE 30988 0 11158 Atlas Pipeline Partners-uts. COM 049392103 1319 41787 SH SOLE 0 0 41787 Avalonbay Communities Inc. COM 053484101 2888 21300 SH SOLE 0 0 21300 AVIS BUDGET GROUP INC COM 053774105 3287 165823 SH SOLE 121911 0 43912 Axiall Corp COM 05463D100 6488 157164 SH SOLE 125234 0 31930 B/E Aerospace Inc COM 073302101 1546 31300 SH SOLE 6637 0 24663 Baidu, Inc. - SP ADR ADR 056752108 10727 106965 SH SOLE 93212 0 13753 BANK OF AMERICA 7.25%CNV PFD L 060505682 24200 21322 PRN SOLE 21,322 0 0 BANNER CORPORATION COM 06652V208 2765 89978 SH SOLE 28945 0 61033 Barrett Business Svcs COM 068463108 3270 85854 SH SOLE 32501 0 53353 Beacon Roofing Supply Inc COM 073685109 6897 207232 SH SOLE 164834 0 42398

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- Beam, Inc. COM 073730103 12493 204496 SH SOLE 158694 0 45802 Berry Plastics Group, Inc. COM 08579W103 2781 172947 SH SOLE 112733 0 60214 BHP Billiton, Ltd. ADR 088606108 5121 65296 SH SOLE 56676 0 8620 Big 5 Sporting Goods Corp COM 08915P101 519 39596 SH SOLE 0 0 39596 Biogen Idec, Inc. COM 09062X103 5858 39943 SH SOLE 35044 0 4899 Biomarin Pharmaceutical, Inc. COM 09061G101 12372 251199 SH SOLE 203449 0 47750 BIOSCRIP INC COM 09069N108 7419 688899 SH SOLE 205315 0 483584 Blackstone Group LP/The COM 09253U108 352 22600 SH SOLE 2301 0 20299 Bloomin' Brands, Inc. COM 094235108 3987 254911 SH SOLE 190162 0 64749 BONANZA CREEK ENERGY INC COM 097793103 10971 394792 SH SOLE 177491 0 217301 Boston Properties, Inc. COM 101121101 8862 83751 SH SOLE 36702 0 47049 BottomLine Technologies Inc. COM 101388106 1325 50200 SH SOLE 3495 0 46705 Boulder Brands Inc COM 101405108 10450 810084 SH SOLE 524109 0 285975 BREITBURN ENERGY PARTNERS LP COM 106776107 10663 577323 SH SOLE 0 0 577323 Bristol-Myers Squibb Co. COM 110122108 2531 77656 SH SOLE 70842 0 6814 Brookdale Senior Living, Inc. COM 112463104 708 27956 SH SOLE 8575 0 19381 Brown-Forman Corp. - B COM 115637209 6226 98442 SH SOLE 65150 0 33292 Brunswick Corp. COM 117043109 5082 174711 SH SOLE 128588 0 46123 BUILDERS FIRSTSOURCE INC COM 12008R107 758 135821 SH SOLE 17645 0 118176 Cadence Design Systems Inc. COM 127387108 308 22817 SH SOLE 7423 0 15394 California Amplifier Inc. COM 128126109 2037 244825 SH SOLE 105623 0 139202 CALUMET SPECIALTY PRODUCTS COM 131476103 2377 78206 SH SOLE 0 0 78206 CARBONITE INC COM 141337105 889 96100 SH SOLE 7880 0 88220 Carpenter Technology Corp. COM 144285103 12336 238930 SH SOLE 195512 0 43418 Catamaran Corp. COM 148887102 20372 432448 SH SOLE 346889 0 85559 Cavium, Inc. COM 14964U108 643 20600 SH SOLE 6404 0 14196 Celadon Group Inc COM 150838100 2044 113115 SH SOLE 48825 0 64290 Cerner Corp. COM 156782104 8604 110814 SH SOLE 87793 0 23021 Cerus Corp. COM 157085101 879 278192 SH SOLE 120071 0 158121 Chart Industries, Inc. COM 16115Q308 9400 140995 SH SOLE 112241 0 28754 CHEMTURA CORP COM 163893209 4989 234674 SH SOLE 184004 0 50670 Christopher & Banks Corp. COM 171046105 1351 247842 SH SOLE 107034 0 140808 Church & Dwight Co., Inc. COM 171340102 1874 34977 SH SOLE 16355 0 18622 Ciena Corp. COM 171779309 2742 174647 SH SOLE 33003 0 141644 Cinemark Holdings, Inc. COM 17243V102 434 16700 SH SOLE 5435 0 11265 Cirrus Logic, Inc. COM 172755100 6930 239218 SH SOLE 29951 0 209267 Cirrus Logic, Inc. CALL 172755900 579 20000 SH CALL SOLE 0 0 20000 Cirrus Logic, Inc. CALL 172755950 435 15000 SH CALL SOLE 0 0 15000 CLOVIS ONCOLOGY INC COM 189464100 2026 126624 SH SOLE 54580 0 72044 COBALT INTERNATIONAL ENERGY COM 19075F106 260 10600 SH SOLE 1086 0 9514 COBALT INTERNATIONAL ENERGY CALL 19075F906 982 40000 SH CALL SOLE 0 0 40000 Coca-Cola Co./The COM 191216100 5801 160027 SH SOLE 147833 0 12194 Commercial Vehicle Group Inc COM 202608105 496 60400 SH SOLE 7373 0 53027 COMMVAULT SYSTEMS INC COM 204166102 9392 134827 SH SOLE 106892 0 27935 Concho Resources, Inc. COM 20605P101 8992 111619 SH SOLE 94610 0 17009 Conn's Inc COM 208242107 18196 593496 SH SOLE 395813 0 197683 Core Laboratories NV ADR N22717107 3068 28070 SH SOLE 24368 0 3702 Cornerstone OnDemand, Inc. COM 21925Y103 10974 371606 SH SOLE 296337 0 75269 CORONADO BIOSCIENCES INC COM 21976U109 731 162165 SH SOLE 69814 0 92351 Costar Group, Inc. COM 22160N109 5504 61588 SH SOLE 43747 0 17841 Costco Wholesale Corp. COM 22160K105 10121 102467 SH SOLE 82482 0 19985 Covance, Inc. COM 222816100 861 14900 SH SOLE 0 0 14900 Covidien PLC ADR G2554F113 3780 65478 SH SOLE 53991 0 11487 Credicorp, Ltd. ADR G2519Y108 20473 139696 SH SOLE 130456 0 9240 Cree, Inc. COM 225447101 1512 44500 SH SOLE 8315 0 36185 CRIMSON EXPLORATION INC COM 22662K207 968 353175 SH SOLE 152051 0 201124 Crown Castle International Corp. COM 228227104 1514 20977 SH SOLE 8733 0 12244 Cubist Pharmaceuticals, Inc. COM 229678107 8672 206171 SH SOLE 153511 0 52660 Cummins, Inc. COM 231021106 8617 79525 SH SOLE 69972 0 9553 Cutera Inc COM 232109108 2192 243601 SH SOLE 26508 0 217093

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- CYANOTECH CORP COM 232437301 380 82017 SH SOLE 35488 0 46529 Cyberonics COM 23251P102 8673 165107 SH SOLE 128293 0 36814 Cynosure Inc-Class A COM 232577205 4404 182663 SH SOLE 67933 0 114730 Delphi Information Systems COM G27823106 1679 43900 SH SOLE 8593 0 35307 Delta Air Lines, Inc. COM 247361702 513 43200 SH SOLE 4405 0 38795 DEMANDWARE COM 24802Y105 1146 41935 SH SOLE 18109 0 23826 DEXCOM INC COM 252131107 3320 244321 SH SOLE 179716 0 64605 DIAMONDBACK ENERGY INC COM 25278X109 1581 82711 SH SOLE 35662 0 47049 DIGITALGLOBE INC COM 25389M877 323 13200 SH SOLE 3844 0 9356 Discovery Laboratories Inc. COM 254668403 1081 512493 SH SOLE 221083 0 291410 Domino's Pizza, Inc. COM 25754A201 6747 154921 SH SOLE 102962 0 51959 Drew Industries Inc. COM 26168L205 1928 59789 SH SOLE 25801 0 33988 DSW, Inc. COM 23334L102 17551 267172 SH SOLE 207323 0 59849 Dxp Enterprises Inc COM 233377407 1328 27070 SH SOLE 11655 0 15415 Eagle Materials Inc COM 26969P108 5081 86847 SH SOLE 56552 0 30295 Ebay, Inc. COM 278642103 983 19274 SH SOLE 1970 0 17304 EDGEN GROUP COM 28014Q107 2650 375359 SH SOLE 298129 0 77230 Edwards Lifesciences Corp. COM 28176E108 13606 150888 SH SOLE 121786 0 29102 EQUINIX INC. NOTE 3.0% 29444UAG1 29650 15200000 PRN SOLE 15,200,000 0 0 10/15/13 EL PASO PIPELINE PARTNERS LP COM 283702108 10338 279629 SH SOLE 0 0 279629 Elan Corp. PLC ADR 284131208 1970 192933 SH SOLE 167838 0 25095 Elizabeth Arden Inc COM 28660G106 12245 272046 SH SOLE 214309 0 57737 Ellie Mae, Inc. COM 28849P100 25424 916182 SH SOLE 678418 0 237764 Enbridge Energy Partners LP COM 29250R106 3409 122200 SH SOLE 0 0 122200 Endologix Inc COM 29266S106 11369 798384 SH SOLE 525998 0 272386 Energy Select Sector SPDR Fund COM 81369Y506 5143 71997 SH SOLE 71997 0 0 ENERGY TRANSFER EQUITY LP COM 29273V100 10711 235500 SH SOLE 0 0 235500 Energy Transfer Partners L.P. COM 29273R109 9440 219900 SH SOLE 0 0 219900 Energy XXI Bermuda ADR G10082140 8070 250686 SH SOLE 196430 0 54256 Enterprise Products Prtns LP COM 293792107 16556 330600 SH SOLE 0 0 330600 EOG Resources, Inc. COM 26875P101 1575 13039 SH SOLE 2694 0 10345 Equinix, Inc. COM 29444U502 19487 94504 SH SOLE 71265 0 23239 Equity Residential Pptys COM 29476L107 3236 57100 SH SOLE 0 0 57100 EV ENERGY PARTNER LP COM 26926V107 12584 222485 SH SOLE 0 0 222485 EXPRESS INC COM 30219E103 493 32700 SH SOLE 0 0 32700 Express Scripts Holding Co. COM 30219G108 647 11975 SH SOLE 6986 0 4989 EXTERRAN HOLDINGS INC COM 30225X103 522 23800 SH SOLE 0 0 23800 F5 Networks, Inc. COM 315616102 3098 31893 SH SOLE 23880 0 8013 Facebook, Inc. - A COM 30303M102 4263 160090 SH SOLE 124719 0 35371 Family Dollar Stores, Inc. COM 307000109 15829 249623 SH SOLE 194752 0 54871 FIESTA RESTAURANT GROUP COM 31660B101 2176 142028 SH SOLE 61301 0 80727 Financial Engines, Inc. COM 317485100 915 33000 SH SOLE 10123 0 22877 Finisar Corp. COM 31787A507 1717 105375 SH SOLE 17943 0 87432 FIRSTBANK CORP/ALMA MICH - COM DDH61G100 0 55125 SH SOLE 55125 0 0 fractional shares Flagstar Bancorp Inc COM 337930705 551 28400 SH SOLE 0 0 28400 FLEETMATICS GROUP LTD ADR G35569105 2616 103958 SH SOLE 44786 0 59172 Flotek Industries Inc COM 343389102 6755 553658 SH SOLE 380082 0 173576 FMC Technologies, Inc. COM 30249U101 9269 216423 SH SOLE 177020 0 39403 Fomento Economico Mexicano SAB de ADR 344419106 6174 61309 SH SOLE 54537 0 6772 CV FORD MOTOR COMPANY 4.25% CNV 345370CN8 62608 39500000 PRN SOLE 39,500,000 0 0 11/15/2016 CONV MN FORTUNE BRANDS HOME & SECURI COM 34964C106 1822 62362 SH SOLE 12993 0 49369 FORUM ENERGY TECHNOLOGIES INC COM 34984V100 2042 82498 SH SOLE 60696 0 21802 GENERAC HOLDINGS INC COM 36873610 2585 75329 SH SOLE 17183 0 58146 General Growth Properties COM 370023103 8091 407600 SH SOLE 0 0 407600 GENERAL MOTORS COMPANY CMN COM 37045V100 21531 746845 SH SOLE 746,845 0 0 GENERAL MOTORS CO *W EXP 37045V118 339 17371 SH CALL SOLE 17,371 0 0 07/10/201

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- GENERAL MOTORS CO *W EXP 37045V126 14299 1144830 SH SOLE 1,144,830 0 0 07/10/201 GENERAL MOTORS CO *W EXP 37045V126 217 17371 SH CALL SOLE 17,371 0 0 07/10/201 GENERAL MOTORS COMPANY CONV PFD CNV 37045V209 3530 80000 SH SOLE 80,000 0 0 4.7500 12/01/2013 SERIES B Genesee & Wyoming, Inc. COM 371559105 12191 160238 SH SOLE 111684 0 48554 Genesis Energy Lp COM 371927104 9604 268861 SH SOLE 0 0 268861 GENMARK DIAGNOSTICS INC COM 372309104 4651 516789 SH SOLE 77979 0 438810 Gentherm, Inc. COM 37253A103 1069 80338 SH SOLE 34611 0 45727 Geospace Technologies Corp COM 37364X109 7080 79663 SH SOLE 43690 0 35973 Gerdau SA - ADR ADR 373737105 1944 216262 SH SOLE 189420 0 26842 Gilead Sciences, Inc. COM 375558103 5389 73372 SH SOLE 62241 0 11131 GNC Holdings, Inc. COM 36191G107 13113 394032 SH SOLE 307018 0 87014 Grainger, Inc. COM 384802104 10506 51915 SH SOLE 40790 0 11125 Great Lakes Dredge & Dock CO COM 390607109 2943 329522 SH SOLE 142241 0 187281 Guidewire Software, Inc. COM 40171V100 14578 490517 SH SOLE 349202 0 141315 Gulfport Energy Corp COM 402635304 14990 392193 SH SOLE 194818 0 197375 H&E EQUIPMENT SERVICES INC COM 404030108 2619 173782 SH SOLE 64676 0 109106 Hain Celestial Group Inc. COM 405217100 3743 69030 SH SOLE 55555 0 13475 HALCON RESOURCES CORP COM 40537Q209 3447 498086 SH SOLE 137249 0 360837 Halliburton Co. COM 406216101 4404 126952 SH SOLE 109179 0 17773 Hartford Financial Svcs Grp COM 416515104 247 11000 SH SOLE 1125 0 9875 Haverty Furniture COM 419596101 692 42400 SH SOLE 4950 0 37450 HCA Holdings, Inc. COM 40412C101 428 14200 SH SOLE 1453 0 12747 HCP Inc COM 40414L109 3690 81700 SH SOLE 0 0 81700 HDFC Bank, Ltd. - ADR ADR 40415F101 1919 47135 SH SOLE 47135 0 0 Headwaters Inc COM 42210P102 2056 240156 SH SOLE 28921 0 211235 Health Care Reit Inc. COM 42217K106 9568 156112 SH SOLE 0 0 156112 Healthcare Services Group COM 421906108 7342 316039 SH SOLE 238114 0 77925 HEALTHCARE TRUST OF AMERICA COM 42225P105 2672 269851 SH SOLE 0 0 269851 HEALTHSTREAM INC COM 42222N103 7011 288387 SH SOLE 196917 0 91470 Heinz (H.J.) Co. COM 423074103 1321 22895 SH SOLE 22895 0 0 Helmerich & Payne COM 423452101 6157 109919 SH SOLE 87591 0 22328 HERCULES OFFSHORE INC COM 427093109 2871 465242 SH SOLE 342332 0 122910 Hershey Co. COM 427866108 6514 90196 SH SOLE 58571 0 31625 HollyFrontier Corp COM 436106108 7886 169417 SH SOLE 1914 0 167503 HOME LOAN SERVICING SOLUTION ADR G6648D109 14058 743794 SH SOLE 0 0 743794 Hornbeck Offshore Services COM 440543106 5707 166198 SH SOLE 118287 0 47911 Hovnanian Enterprises - A COM 442487203 1021 145905 SH SOLE 0 0 145905 HSN, Inc. COM 404303109 677 12300 SH SOLE 4002 0 8298 ICICI Bank, Ltd. - SP ADR ADR 45104G104 5375 123257 SH SOLE 90682 0 32575 Imax Corp. ADR 45245E109 1508 67082 SH SOLE 58299 0 8783 IMPERVA INC COM 45321L100 2156 68391 SH SOLE 29517 0 38874 INCONTACT INC COM 45336E109 1892 365163 SH SOLE 157540 0 207623 INDIA FUND INC COM 454089103 4233 202442 SH SOLE 120962 0 81480 Infinity Pharmaceuticals, Inc. COM 45665G303 6744 192698 SH SOLE 117542 0 75156 INFOBLOX INC COM 45672H104 867 48265 SH SOLE 5417 0 42848 INNERWORKINGS INC COM 45773Y105 2632 190973 SH SOLE 82477 0 108496 Interactive Intelligence Group COM 45841V109 1690 50383 SH SOLE 21747 0 28636 INTERXION HOLDING NV ADR N47279109 12750 536601 SH SOLE 412720 0 123881 Intuitive Surgical, Inc. COM 46120E602 15149 30893 SH SOLE 25189 0 5704 INVENTURE FOODS INC COM 461212102 1028 158423 SH SOLE 68527 0 89896 INVESCO MORTGAGE CAPITAL COM 46131B100 8540 433289 SH SOLE 0 0 433289 IPG Photonics Corp. COM 44980X109 9335 140055 SH SOLE 107499 0 32556 Iron Mountain Inc COM 462846106 5043 162407 SH SOLE 0 0 162407 ISHARES MSCI BRAZIL PUT 464286950 2797 50000 SH PUT SOLE 0 0 50000 Ishares MSCI Emerging Markets PUT 464287954 22175 500000 SH PUT SOLE 0 0 500000 Index Fund Ishares MSCI Taiwan Index Fund CALL 464286731 1362 100000 SH CALL SOLE 0 0 100000

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- Itau Unibanco Holding - PREF ADR ADR 465562106 13432 816064 SH SOLE 775852 0 40212 Jazz Pharmaceuticals PLC ADR G50871105 14427 271197 SH SOLE 200390 0 70807 Joy Global, Inc. COM 481165108 11709 183588 SH SOLE 148335 0 35253 KAISER ALUMINUM CORP COM 483007704 3767 61059 SH SOLE 44913 0 16146 Key Tronic Corp. COM 493144109 2277 222318 SH SOLE 95988 0 126330 Kinder Morgan Energy Partners COM 494550106 10600 132850 SH SOLE 0 0 132850 KINDER MORGAN MANAGEMENT LLC COM 49455U100 7048 93400 SH SOLE 0 0 93400 Kinder Morgan, Inc. COM 49456B101 689 19513 SH SOLE 11382 0 8131 Kirby Corp. COM 497266106 2506 40487 SH SOLE 28136 0 12351 Krispy Kreme Doughnuts Inc COM 501014104 5638 601046 SH SOLE 335488 0 265558 Las Vegas Sands Corp. COM 517834107 1930 41802 SH SOLE 7076 0 34726 Las Vegas Sands Corp. CALL 517834907 462 10000 SH CALL SOLE 0 0 10000 Leapfrog Enterprises Inc COM 52186N106 6246 723719 SH SOLE 514559 0 209160 Lennar Corp. COM 526057104 882 22801 SH SOLE 4366 0 18435 Lexington Realty Trust COM 529043101 4354 416650 SH SOLE 0 0 416650 Lindsay Corp. COM 535555106 5510 68778 SH SOLE 53395 0 15383 LINN ENERGY LLC - UNITS COM 536020100 9130 259072 SH SOLE 0 0 259072 Lions Gate Entertainment Cor ADR 535919203 3233 197157 SH SOLE 144996 0 52161 Lithia Motors Inc. Cl-A COM 536797103 678 18111 SH SOLE 5289 0 12822 Liveperson Inc COM 538146101 920 70036 SH SOLE 32101 0 37935 LKQ Corp. COM 501889208 4876 231076 SH SOLE 156411 0 74665 LUCENT TECHNOLOGIES NOTE 2.875% 549463AG 6423 7000000 PRN SOLE 7,000,000 0 0 06/15/13 Lululemon Athletica, Inc. ADR 550021109 12043 157988 SH SOLE 128152 0 29836 LUMBER LIQUIDATORS HOLDINGS COM 55003T107 3924 74267 SH SOLE 59335 0 14932 LyondellBasell Industries NV ADR N53745100 17173 300800 SH SOLE 286515 0 14285 M/I Homes Inc. COM 55305B101 3944 148837 SH SOLE 49635 0 99202 Macquarie Infrastructure Co COM 55608B105 5211 114373 SH SOLE 0 0 114373 Macy's, Inc. COM 55616P104 655 16778 SH SOLE 9791 0 6987 Magellan Midstream Partners COM 559080106 13601 314922 SH SOLE 0 0 314922 Marathon Petroleum Corp COM 56585A102 731 11600 SH SOLE 1188 0 10412 MarineMax Inc. COM 567908108 1989 222505 SH SOLE 96073 0 126432 Market Leader Inc COM 57056R103 1737 265130 SH SOLE 90012 0 175118 Market Vectors Junior Gold Miners COM 57060U589 866 43713 SH SOLE 43713 0 0 ETF MarketAxess Holdings, Inc. COM 57060D108 6099 172765 SH SOLE 125747 0 47018 MARKWEST ENERGY PARTNERS LP COM 570759100 9634 188870 SH SOLE 0 0 188870 MasTec, Inc. COM 576323109 1114 44700 SH SOLE 13911 0 30789 Mastercard, Inc. - A COM 57636Q104 5689 11579 SH SOLE 10539 0 1040 Mattel, Inc. COM 577081102 4553 124322 SH SOLE 84710 0 39612 Maximus Inc. COM 577933104 1157 18297 SH SOLE 4283 0 14014 McDonald's Corp. COM 580135101 3984 45165 SH SOLE 40550 0 4615 Mdc Holdings Inc. COM 552676108 598 16273 SH SOLE 4748 0 11525 Mead Johnson Nutrition Co. - A COM 582839106 5545 84157 SH SOLE 78003 0 6154 MEDICAL PROPERTIES TRUST INC COM 58463J304 8685 726140 SH SOLE 0 0 726140 MEDIDATA SOLUTIONS INC COM 58471A105 6814 173907 SH SOLE 95697 0 78210 Medivation, Inc. COM 58501N101 18993 371254 SH SOLE 297462 0 73792 Melco Crown Entertainment - ADR ADR 585464100 3363 199677 SH SOLE 37591 0 162086 Mellanox Technologies, Ltd. ADR M51363113 8911 150067 SH SOLE 100893 0 49174 MercadoLibre, Inc. ADR 58733R102 7143 90912 SH SOLE 73445 0 17467 MGM Resorts International CALL 552953901 20 20000 SH CALL SOLE 0 0 20000 MGM RESORTS INTERNATIONAL NOTE 4.25% 55303QAE0 32273 30500000 PRN SOLE 30,500,000 0 0 04/15/15 Michael Kors Holdings, Ltd. ADR G60754101 19610 384299 SH SOLE 299307 0 84992 Microsoft Corp. COM 594918104 8704 325695 SH SOLE 325695 0 0 MIMEDX GROUP INC COM 602496101 1704 443808 SH SOLE 60536 0 383272 MINDSPEED TECHNOLOGIES INC COM 602682205 914 195314 SH SOLE 4856 0 190458 Mitek Systems Inc. COM 606710200 1122 349500 SH SOLE 28649 0 320851 MOLSON COORS BREWING CO CMN CLASS COM 60871R209 1301 30400 SH SOLE 30,400 0 0 B

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- Mondelez International, Inc. COM 609207105 961 37742 SH SOLE 23169 0 14573 Movado Group COM 624580106 12675 413127 SH SOLE 294980 0 118147 MPLX LP COM 55336V100 10492 336391 SH SOLE 0 0 336391 MRC Global, Inc. COM 55345K103 7334 264015 SH SOLE 179364 0 84651 Muella Water Products Inc COM 624758108 1142 203600 SH SOLE 17471 0 186129 Multimedia Games, Inc. COM 625453105 11237 763913 SH SOLE 516946 0 246967 Mylan Inc COM 628530107 351 12800 SH SOLE 1310 0 11490 MYR GROUP INC/DELAWARE COM 55405W104 1229 55243 SH SOLE 23858 0 31385 NATURAL GROCERS BY VITAMIN C COM 63888U108 1445 75718 SH SOLE 32674 0 43044 Nci Building Systems COM 628852204 2541 182784 SH SOLE 44153 0 138631 Nektar Therapeutics COM 640268108 1392 187839 SH SOLE 81318 0 106521 Neurocrine Biosciences COM 64125C109 2564 342762 SH SOLE 148025 0 194737 New Oriental Education & Tech. ADR 647581107 1830 94193 SH SOLE 82773 0 11420 Group, Inc. - SP ADR NewCastle Investment Corp COM 65105M108 10837 1248523 SH SOLE 12509 0 1236014 Nike, Inc. - B COM 654106103 521 10090 SH SOLE 5882 0 4208 Nokia Corp Spons ADR ADR 654902204 302 76500 SH SOLE 7800 0 68700 NORTHERN TIER ENERGY LP COM 665826103 21989 864356 SH SOLE 49285 0 815071 NOVADAQ TECHNOLOGIES INC ADR 66987G102 2056 231503 SH SOLE 88087 0 143416 NUANCE COMMUNICATIONS NOTE 2.75% 67020YAF7 8685 8000000 PRN SOLE 8,000,000 0 0 11/01/31 Nucor Corp. COM 670346105 570 13200 SH SOLE 676 0 12524 O'Reilly Automotive, Inc. COM 67103H107 5239 58588 SH SOLE 41900 0 16688 Occidental Petroleum Corp. COM 674599105 1248 16290 SH SOLE 16290 0 0 Ocwen Financial Corp COM 675746309 7576 219018 SH SOLE 41757 0 177261 Ocwen Financial Corp CALL 675746909 346 10000 SH CALL SOLE 0 0 10000 ODYSSEY MARINE EXPLORATION COM 676118102 976 328723 SH SOLE 142118 0 186605 Old Dominion Freight Line COM 679580100 8696 253679 SH SOLE 197182 0 56497 Omega Healthcare Investors COM 681936100 2490 104398 SH SOLE 0 0 104398 On Assignment Inc. COM 682159108 11781 580899 SH SOLE 372285 0 208614 Oneok Partners LP COM 68268N103 4095 75850 SH SOLE 0 0 75850 Onyx Pharmaceuticals, Inc. COM 683399109 3801 50320 SH SOLE 38584 0 11736 OREXIGEN THERAPEUTICS INC COM 686164104 598 113934 SH SOLE 49169 0 64765 OSI Systems, Inc. COM 671044105 1844 28791 SH SOLE 21168 0 7623 Oxford Industries Inc. COM 691497309 6028 130025 SH SOLE 96470 0 33555 PAA NATURAL GAS STORAGE LP COM 693139107 6262 328735 SH SOLE 0 0 328735 PACIRA PHARMACEUTICALS INC COM 695127100 842 48189 SH SOLE 20703 0 27486 Packaging Corp. of America COM 695156109 697 18118 SH SOLE 5457 0 12661 Palo Alto Networks, Inc. COM 697435105 7245 135362 SH SOLE 113479 0 21883 Patrick Industries Inc. COM 703343103 2392 153757 SH SOLE 66363 0 87394 PDF Solutions COM 693282105 1103 80024 SH SOLE 34524 0 45500 PEREGRINE SEMICONDUCTOR CORP COM 71366R703 1157 75602 SH SOLE 31174 0 44428 Perion Network Ltd ADR M78673106 179 20000 SH SOLE 0 0 20000 Pfizer, Inc. COM 717081103 1222 48717 SH SOLE 28420 0 20297 PGT INC COM 69336V101 1097 243705 SH SOLE 27252 0 216453 Pharmacyclics Inc COM 716933106 4458 77147 SH SOLE 62500 0 14647 Pier 1 Imports Inc./Del. COM 720279108 371 18546 SH SOLE 6030 0 12516 Pioneer Natural Resources Co. COM 723787107 11125 104373 SH SOLE 81940 0 22433 Plains All American Pipeline LP COM 726503105 18948 418836 SH SOLE 0 0 418836 Plum Creek Timber Co. COM 729251108 12830 289160 SH SOLE 0 0 289160 Polaris Industries COM 731068102 10287 122242 SH SOLE 97101 0 25141 Polyone Corporation COM 73179P106 8720 427038 SH SOLE 333718 0 93320 Precision Castparts Corp. COM 740189105 4819 25441 SH SOLE 17322 0 8119 Pricesmart, Inc. COM 741511109 8583 111390 SH SOLE 83282 0 28108 PRIMORIS SERVICES CORP COM 74164F103 280 18600 SH SOLE 5418 0 13182 Procera Networks Inc COM 74269U203 949 51164 SH SOLE 22097 0 29067 ProLogis Inc COM 74340W103 3193 87500 SH SOLE 0 0 87500 PROTO LABS INC COM 743713109 3763 95460 SH SOLE 26122 0 69338 Provident Financial Hldg COM 743868101 887 50680 SH SOLE 0 0 50680 Public Storage COM 74460D109 4697 32400 SH SOLE 0 0 32400

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- Pulte Corp. COM 745867101 1197 65913 SH SOLE 12520 0 53393 QIHOO 360 TECHNOLOGY CO-ADR ADR 74734M109 2363 79600 SH SOLE 0 0 79600 QR ENERGY LP COM 74734R108 9641 581486 SH SOLE 0 0 581486 Quaker Chemical Corp. COM 747316107 1132 21023 SH SOLE 9070 0 11953 Qualcomm, Inc. COM 747525103 10896 175683 SH SOLE 142935 0 32748 QUALYS INC COM 74758T303 1937 130947 SH SOLE 56448 0 74499 Quanta Services, Inc. COM 74762E102 2127 77956 SH SOLE 13389 0 64567 Quimica y Minera Chile - SP ADR ADR 833635105 2468 42819 SH SOLE 37569 0 5250 Rackspace Hosting, Inc. COM 750086100 19805 266668 SH SOLE 201508 0 65160 Ramco-gershenson Ppty Tr COM 751452202 6294 472882 SH SOLE 0 0 472882 REED'S INC COM 758338107 3165 557150 SH SOLE 16456 0 540694 Regal Entertainment Group - A COM 758766109 3486 249900 SH SOLE 0 0 249900 Rentech Inc COM 760112102 2309 877805 SH SOLE 260200 0 617605 Repros Therapeutics Inc COM 76028H209 2160 137130 SH SOLE 59083 0 78047 Research in Motion ADR 760975102 154 13000 SH SOLE 1330 0 11670 Restoration Hardware Holding COM 761283100 862 25552 SH SOLE 5761 0 19791 Rigel Pharmaceuticals Inc COM 766559603 326 50197 SH SOLE 21647 0 28550 Rio Tinto PLC - SP ADR ADR 767204100 9127 157124 SH SOLE 141576 0 15548 Ross Stores, Inc. COM 778296103 4790 88461 SH SOLE 57013 0 31448 Royal Caribbean Cruises COM V7780T103 993 29200 SH SOLE 4296 0 24904 Royal Gold, Inc. COM 780287108 4763 58584 SH SOLE 38141 0 20443 RTI International Metals COM 74973W107 826 29971 SH SOLE 4972 0 24999 RUCKUS WIRELESS INC COM 781220108 1212 53800 SH SOLE 12603 0 41197 Ryland Group Inc. COM 783764103 5928 162411 SH SOLE 109431 0 52980 Ryman Hospitality Properties COM 78377T107 7430 193200 SH SOLE 0 0 193200 S & P 500 Depositary Receipt PUT 78462F953 3987 28000 SH PUT SOLE 0 0 28000 S&W SEED CO COM 785135104 285 36952 SH SOLE 5975 0 30977 SABRA HEALTH CARE REIT INC COM 78573L106 9922 456829 SH SOLE 0 0 456829 Saia Inc COM 78709Y105 1150 49745 SH SOLE 21421 0 28324 Salesforce.com, Inc. COM 79466L302 14904 88663 SH SOLE 68507 0 20156 Sarepta Therapeutics Inc COM 803607100 312 12100 SH SOLE 0 0 12100 SCIQUEST INC COM 80908T101 2107 132881 SH SOLE 57333 0 75548 Select Comfort Corp. COM 81616X103 3894 148814 SH SOLE 122286 0 26528 SELECT INCOME REIT COM 81618T100 4230 170783 SH SOLE 0 0 170783 SEMGROUP CORP-CLASS A COM 81663A105 5835 149313 SH SOLE 117936 0 31377 Sensata Technologies Holding NV ADR N7902X106 14914 459177 SH SOLE 386287 0 72890 Simon Property Group Inc. COM 828806109 20419 129159 SH SOLE 0 0 129159 Sodastream International, Ltd. CALL M9068E905 539 12000 SH CALL SOLE 0 0 12000 SOLARCITY CORP COM 83416T100 680 57000 SH SOLE 12908 0 44092 Solarwinds, Inc. COM 83416B109 13846 263990 SH SOLE 207111 0 56879 Spdr DJ Wilshire Intl Real E COM 78463X863 514 12439 SH SOLE 0 0 12439 SPDR Gold Trust CALL 78463V907 4051 25000 SH CALL SOLE 0 0 25000 SPDR Gold Trust PUT 78463V957 4051 25000 SH PUT SOLE 0 0 25000 Spectranetics Corp. COM 84760C107 10011 677807 SH SOLE 390709 0 287098 SPIRIT REALTY CAPITAL INC COM 84860F109 5197 292278 SH SOLE 0 0 292278 Splunk, Inc. COM 848637104 2229 76822 SH SOLE 56400 0 20422 SPS COMMERCE INC COM 78463M107 4640 124507 SH SOLE 51882 0 72625 Staar Surgical Co. COM 852312305 1939 317826 SH SOLE 137289 0 180537 STAG INDUSTRIAL INC COM 85254J102 2994 166589 SH SOLE 0 0 166589 Stage Stores Inc. COM 85254C305 5230 211041 SH SOLE 104972 0 106069 Starbucks Corp. COM 855244109 6555 122243 SH SOLE 99019 0 23224 Starwood Hotels & Resorts COM 85590A401 677 11810 SH SOLE 2557 0 9253 Worldwide STARWOOD PROPERTY TRUST INC COM 85571B105 8956 390051 SH SOLE 0 0 390051 Stratasys, Ltd. ADR M85548101 17188 214449 SH SOLE 150555 0 63894 SUMMIT HOTEL PROPERTIES INC COM 866082100 1972 207600 SH SOLE 0 0 207600 SUMMIT MIDSTREAM PARTNERS LP COM 866142102 4929 248584 SH SOLE 0 0 248584 SUNESIS PHARMACEUTICALS INC COM 867328601 1058 252000 SH SOLE 108483 0 143517 SUNOCO LOGISTICS PARTNERS LP COM 86764L108 10752 216211 SH SOLE 0 0 216211 SUNPOWER CORPORATION 4.5% CNV 867652AE9 50428 54370000 PRN SOLE 54,370,000 0 0 03/15/2015 CONV SM

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- SUNSHINE HEART INC ADR 86782U106 570 93526 SH SOLE 40251 0 53275 SUNTECH POWER HOLDINGS CO 3% CNV 86800CAE4 14502 31872000 PRN SOLE 31,872,000 0 0 03/15/2013 CONV SM SunTrust Bank Inc COM 867914103 300 10589 SH SOLE 3444 0 7145 SurModics Inc COM 868873100 1562 69873 SH SOLE 30141 0 39732 SUSSER HOLDINGS CORP COM 869233106 1875 54356 SH SOLE 23419 0 30937 Synageva BioPharma Corp. COM 87159A103 10859 234595 SH SOLE 191325 0 43270 SYNERGY RESOURCES CORP COM 87164P103 2026 375910 SH SOLE 162236 0 213674 Synta Pharmaeuticals Corp COM 87162T206 10359 1148503 SH SOLE 771284 0 377219 Taiwan Semiconductor - ADR ADR 874039100 29087 1695020 SH SOLE 1613174 0 81846 TARGA RESOURCES PARTNERS LP COM 87611X105 1734 46400 SH SOLE 0 0 46400 Target Corp. COM 87612E106 604 10202 SH SOLE 5960 0 4242 Taser International Inc COM 87651B104 1297 145131 SH SOLE 62691 0 82440 Tata Motors, Ltd. - SP ADR ADR 876568502 2736 95276 SH SOLE 83618 0 11658 Team Inc. COM 878155100 4378 115081 SH SOLE 47531 0 67550 TEARLAB CORP COM 878193101 940 229232 SH SOLE 98932 0 130300 Tenet Healthcare Corp. COM 88033G407 617 19014 SH SOLE 6184 0 12830 TESORO LOGISTICS LP COM 88160T107 8240 188120 SH SOLE 0 0 188120 Teva Pharmaceutical Industries, ADR 881624209 2631 70464 SH SOLE 61257 0 9207 Ltd. - SP ADR Texas Industries, Inc. COM 882491103 6003 117686 SH SOLE 82923 0 34763 Thermon Group Holdings Inc COM 88362T103 1031 45773 SH SOLE 19722 0 26051 THRESHOLD PHARMACEUTICALS COM 885807206 858 203898 SH SOLE 87644 0 116254 Tidewater, Inc. COM 886423102 5451 121995 SH SOLE 111693 0 10302 TILE SHOP HLDGS INC COM 88677Q109 1793 106521 SH SOLE 23513 0 83008 Titan Machinery Inc COM 88830R101 4785 193740 SH SOLE 124876 0 68864 TMS International Corp-A COM 87261Q103 201 16072 SH SOLE 4681 0 11391 TREX COMPANY INC COM 89531P105 1999 53704 SH SOLE 20588 0 33116 TRIANGLE PETROLEUM CORP COM 89600B201 995 166186 SH SOLE 71388 0 94798 Trimble Navigation Ltd. COM 896239100 759 12700 SH SOLE 2838 0 9862 Trinity Industries COM 896522109 1450 40494 SH SOLE 12815 0 27679 TRIPADVISOR INC COM 896945201 2310 55100 SH SOLE 8438 0 46662 Triumph Group, Inc. COM 896818101 18650 285601 SH SOLE 201816 0 83785 TUCOWS INC ADR 898697107 212 147453 SH SOLE 0 0 147453 TWO HARBORS INVESTMENT CORP COM 90187B101 10748 969997 SH SOLE 0 0 969997 Ulta Salon, Cosmetics & COM 90384S303 12331 125495 SH SOLE 98514 0 26981 Fragrance, Inc. Ultimate Software Group, Inc. COM 90385D107 14809 156856 SH SOLE 110456 0 46400 Ultratech Inc. COM 904034105 7918 212279 SH SOLE 142620 0 69659 United Rentals, Inc. COM 911363109 9571 210264 SH SOLE 143990 0 66274 United States Steel Corp COM 912909108 420 17600 SH SOLE 3124 0 14476 Urban Outfitters COM 917047102 933 23716 SH SOLE 5139 0 18577 UROPLASTY INC COM 917277204 657 202044 SH SOLE 87514 0 114530 US Airways Group, Inc. COM 90341W108 189 14000 SH SOLE 4554 0 9446 US SILICA HOLDINGS INC COM 90346E103 1159 69300 SH SOLE 0 0 69300 USA TECHNOLOGIES INC COM 90328S500 758 435837 SH SOLE 0 0 435837 USG Corp. COM 903293405 1072 38200 SH SOLE 4913 0 33287 Vanguard FTSE Emerging Markets ETF COM 922042858 2033 45649 SH SOLE 26656 0 18993 VANGUARD NATURAL RESOURCES COM 92205F106 2158 83007 SH SOLE 0 0 83007 Vascular Solutions Inc COM 92231M109 270 17100 SH SOLE 0 0 17100 Ventas Inc COM 92276F100 3631 56100 SH SOLE 0 0 56100 Vertex Pharmaceuticals, Inc. COM 92532F100 5866 139857 SH SOLE 113760 0 26097 VIEWPOINT FINANCIAL GROUP IN COM 92672A101 421 20124 SH SOLE 5874 0 14250 VIPSHOP HOLDINGS LTD - ADS ADR 92763W103 732 41059 SH SOLE 8595 0 32464 Visionchina Media, Inc. - ADR ADR 92833U202 45 14616 SH SOLE 0 0 14616 VOCERA COMMUNICATIONS INC COM 92857F107 1634 65099 SH SOLE 28109 0 36990 Vornado Realty Trust COM 929042109 2795 34900 SH SOLE 0 0 34900 Wabash National Corp. COM 929566107 5794 645901 SH SOLE 283422 0 362479 Wal-Mart Stores, Inc. COM 931142103 781 11440 SH SOLE 6674 0 4766 WALTER INVESTMENT MANAGEMENT COM 93317W102 26083 606289 SH SOLE 211303 0 394986

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 ---------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---------- ------ ------- WEBMD HEALTH CORP CNV 94770VAH5 22800 24450000 PRN SOLE 24,450,000 0 0 WESTERN ALLIANCE BANCORP COM 957638109 7680 729364 SH SOLE 435434 0 293930 WESTERN GAS EQUITY PARTNERS COM 95825R103 568 18959 SH SOLE 0 0 18959 WESTERN GAS PARTNERS LP COM 958254104 10091 211855 SH SOLE 0 0 211855 Weyerhaeuser Co. COM 962166104 2857 102700 SH SOLE 0 0 102700 Whole Foods Market, Inc. COM 966837106 14192 155396 SH SOLE 127243 0 28153 WILLIAMS PARTNERS LP COM 96950F104 2642 54300 SH SOLE 0 0 54300 Workday, Inc. - A COM 98138H101 4042 74160 SH SOLE 40036 0 34124 Wynn Resorts, Ltd. COM 983134107 1313 11669 SH SOLE 1952 0 9717 XOMA Corp COM 98419J107 1864 776869 SH SOLE 335453 0 441416 Yum Brands, Inc. COM 988498101 1051 15829 SH SOLE 15829 0 0