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

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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMN Healthcare Svcs com 001744101 4,717 120,790 SH   SOLE   28,150 0 92,640
AXT Inc com 00246W103 1,734 273,130 SH   SOLE   265,000 0 8,130
Addus Homecare Corp. com 006739106 1,220 32,800 SH   SOLE   32,800 0 0
Alibaba ADR com 01609W102 5,270 37,405 SH   SOLE   34,130 0 3,275
Almost Family, Inc. com 020409108 1,227 19,900 SH   SOLE   19,900 0 0
American Power Corp com 02906t107 0 10,000 SH   SOLE   0 0 10,000
Amgen, Inc. com 031162100 349 2,027 SH   SOLE   0 0 2,027
Apple, Inc. com 037833100 529 3,671 SH   SOLE   140 0 3,531
Applied Optoelectronics Inc. com 03823U102 15,192 245,860 SH   SOLE   107,500 0 138,360
Asure Software, Inc. com 04649U102 1,110 76,000 SH   SOLE   76,000 0 0
Avatar Ventures com 05350B100 0 10,000 SH   SOLE   0 0 10,000
Axogen Inc. com 05463X106 266 15,900 SH   SOLE   15,900 0 0
Bank of New York Mellon Corp. com 064058100 249 4,871 SH   SOLE   0 0 4,871
Biocryst Pharmaceuticals, Inc. com 09058V103 95 17,100 SH   SOLE   17,100 0 0
Biotelemetry, Inc. com 090672106 860 25,700 SH   SOLE   25,700 0 0
Bitauto com 091727107 575 20,000 SH   SOLE   20,000 0 0
Blucora, Inc. com 095229100 1,054 49,700 SH   SOLE   49,700 0 0
Blueprint Medicines Corp. com 09627Y109 334 6,600 SH   SOLE   6,600 0 0
Burlington Stores, Inc. com 122017106 3,272 35,565 SH   SOLE   1,680 0 33,885
CPI Aerostructures, Inc. com 125919308 376 40,000 SH   SOLE   40,000 0 0
CTRIP Com Int'l Ltd ADR com 22943F100 3,057 56,760 SH   SOLE   56,400 0 360
CVD Equipment Corp. com 126601103 221 20,000 SH   SOLE   20,000 0 0
Cai International, Inc. com 12477X106 1,038 44,000 SH   SOLE   44,000 0 0
Callidus Software Inc. com 13123E500 5,827 240,789 SH   SOLE   52,990 0 187,799
Callon Petroleum Corp. com 13123X102 3,089 291,160 SH   SOLE   90,210 0 200,950
Cambrex Corp com 132011107 3,364 56,305 SH   SOLE   17,700 0 38,605
Carbonite, Inc. com 141337105 6,904 316,720 SH   SOLE   132,910 0 183,810
Care Com, Inc. com 141633107 1,098 72,700 SH   SOLE   72,700 0 0
Career Education Corp. com 141665109 1,081 112,600 SH   SOLE   112,600 0 0
Cavium, Inc. com 14964U108 5,476 88,140 SH   SOLE   17,400 0 70,740
Centerstate Banks, Inc. com 15201P109 5,468 219,960 SH   SOLE   59,700 0 160,260
Central FD CDA CL A com 153501101 145 11,800 SH   SOLE   0 0 11,800
Central Garden & Pet Co. com 153527106 763 24,000 SH   SOLE   24,000 0 0
Century Communities, Inc. com 156504300 1,091 44,000 SH   SOLE   44,000 0 0
Ceva Inc. com 157210105 11,464 252,225 SH   SOLE   74,480 0 177,745
Children's Place com 168905107 5,004 49,015 SH   SOLE   6,970 0 42,045
China Biologic Products com 16938C106 339 3,000 SH   SOLE   3,000 0 0
China Lodging Group-Spon ADS com 16949N109 2,017 25,000 SH   SOLE   25,000 0 0
Coherent, Inc com 192479103 682 3,031 SH   SOLE   2,951 0 80
Control 4 Corp com 21240D107 582 29,700 SH   SOLE   29,700 0 0
Cooper Std Hldgs Inc. com 21676P103 5,050 50,061 SH   SOLE   18,300 0 31,761
Craft Brew Alliance, Inc. com 224122101 969 57,500 SH   SOLE   57,500 0 0
Customers Bancorp, Inc. com 23204G100 1,307 46,200 SH   SOLE   46,200 0 0
Cutera Inc com 232109108 1,409 54,400 SH   SOLE   54,400 0 0
Cyber-Ark Software com M2682V108 6,416 128,450 SH   SOLE   37,300 0 91,150
DXP Enterprises, Inc. com 233377407 828 24,000 SH   SOLE   24,000 0 0
Del Taco Restaurants Inc. com 245496104 479 34,800 SH   SOLE   34,800 0 0
Diamondback Energy Inc. com 25278X109 4,776 53,775 SH   SOLE   12,450 0 41,325
Eagle Bancorp, Inc. com 268948106 7,855 124,098 SH   SOLE   22,940 0 101,158
Earthstone Energy Inc. com 27032D304 760 75,953 SH   SOLE   75,953 0 0
Eldorado Resorts, Inc. com 28470R102 2,855 142,730 SH   SOLE   21,090 0 121,640
Emcore Corp. com 290846203 1,224 114,900 SH   SOLE   114,900 0 0
Enterprise Finl Svcs com 293712105 1,159 28,400 SH   SOLE   28,400 0 0
Exfo Inc. com 302046107 233 49,600 SH   SOLE   49,600 0 0
Extreme Networks, Inc. com 30226D106 2,934 318,230 SH   SOLE   272,600 0 45,630
Ferro Corp. com 315405100 1,048 57,300 SH   SOLE   57,300 0 0
Fireeye,Inc. com 31816Q101 199 13,060 SH   SOLE   9,100 0 3,960
First Internet Bancorp com 320557101 927 33,050 SH   SOLE   31,100 0 1,950
Franklin Finl Network, Inc. com 35352P104 1,353 32,800 SH   SOLE   32,800 0 0
FreightCar America, Inc. com 357023100 1,069 61,500 SH   SOLE   61,500 0 0
Glaukos Corp com 377322102 8,664 208,930 SH   SOLE   72,450 0 136,480
Harsco Corp. com 415864107 1,222 75,900 SH   SOLE   75,900 0 0
HealthEquity Inc. com 42226A107 3,470 69,640 SH   SOLE   14,840 0 54,800
Hudson Technologies com 444144109 1,791 212,000 SH   SOLE   212,000 0 0
Hyster-Yale Materials com 449172105 2,382 33,907 SH   SOLE   33,907 0 0
INPHI Corp. com 45772F107 6,784 197,785 SH   SOLE   67,080 0 130,705
Ikang Healthcare Group, Inc. A com 45174l108 1,652 134,600 SH   SOLE   134,600 0 0
Imperva Inc. com 45321L100 205 4,280 SH   SOLE   1,900 0 2,380
Independent Bancorp com 453838609 816 37,500 SH   SOLE   37,500 0 0
Inogen, Inc. com 45780L104 6,675 69,950 SH   SOLE   9,910 0 60,040
Intel Corporation com 458140100 327 9,680 SH   SOLE   510 0 9,170
Itron Inc com 465741106 6,323 93,335 SH   SOLE   13,130 0 80,205
JD.com com 47215P106 1,579 40,250 SH   SOLE   40,000 0 250
JP Morgan Chase & Company Inc. com 46625H100 492 5,383 SH   SOLE   140 0 5,243
Johnson & Johnson com 478160104 359 2,715 SH   SOLE   0 0 2,715
Kadant Inc. com 48282T104 978 13,000 SH   SOLE   13,000 0 0
Kennametal, Inc. com 489170100 3,379 90,300 SH   SOLE   22,680 0 67,620
LHC Group, Inc. com 50187A107 1,914 28,200 SH   SOLE   28,200 0 0
Lantheus Hldgs Inc. com 516544103 1,243 70,400 SH   SOLE   70,400 0 0
Lifetime Brands com 53222q103 650 35,800 SH   SOLE   35,800 0 0
Ligand Pharmaceuticals com 53220K504 6,003 49,452 SH   SOLE   13,960 0 35,492
Logmein, Inc. com 54142L109 11,167 106,862 SH   SOLE   25,361 0 81,501
Lumentum Hldgs, Inc. com 55024U109 4,416 77,406 SH   SOLE   18,760 0 58,646
MCBC Holdings Inc com 55276F107 500 25,600 SH   SOLE   25,600 0 0
Malibu Boats, Inc. com 56117J100 1,058 40,900 SH   SOLE   40,900 0 0
Manitex International, Inc. com 563420108 991 142,000 SH   SOLE   142,000 0 0
Mastercard, Inc. com 57636Q104 273 2,249 SH   SOLE   0 0 2,249
Maxlinear, Inc. Class A com 57776J100 7,180 257,440 SH   SOLE   57,200 0 200,240
Microsoft Corp. com 594918104 378 5,490 SH   SOLE   0 0 5,490
Momo, Inc. ADR com 60879B107 2,221 60,100 SH   SOLE   60,100 0 0
Monolithic Pwr Sys com 609839105 6,241 64,742 SH   SOLE   13,642 0 51,100
Monster Beverage Corp. com 61174X109 462 9,300 SH   SOLE   0 0 9,300
Netease.Com, Inc. ADR com 64110W102 2,071 6,890 SH   SOLE   6,400 0 490
New Oriental Education ADR com 647581107 4,305 61,070 SH   SOLE   60,800 0 270
Newmont Mining com 651639106 202 6,233 SH   SOLE   400 0 5,833
Nutrisystem Inc com 67069D108 963 18,500 SH   SOLE   18,500 0 0
Nuvasive com 670704105 4,019 52,250 SH   SOLE   2,370 0 49,880
Oclaro, Inc. com 67555N206 612 65,500 SH   SOLE   65,500 0 0
Orasure Technologies com 68554V108 8,284 479,970 SH   SOLE   154,920 0 325,050
Oshkosh Corp. com 688239201 3,690 53,568 SH   SOLE   3,108 0 50,460
Osi Systems, Inc. com 671044105 1,112 14,800 SH   SOLE   14,800 0 0
PCM, Inc. com 69323K100 521 27,809 SH   SOLE   26,709 0 1,100
Pacific Premier Bancorp, Inc. com 69478X105 5,381 145,830 SH   SOLE   45,550 0 100,280
Patrick Industries, Inc. com 703343103 6,268 86,040 SH   SOLE   32,250 0 53,790
Perceptron Inc. com 71361F100 235 32,300 SH   SOLE   32,300 0 0
Psychemedics Corp. com 744375205 424 17,000 SH   SOLE   17,000 0 0
QCR Holdings Inc. com 74727A104 905 19,100 SH   SOLE   19,100 0 0
Radiant Logistics, Inc. com 75025x100 455 84,585 SH   SOLE   84,585 0 0
Rayonier Advanced Materials, I com 75508B104 589 37,466 SH   SOLE   37,400 0 66
Ring Energy, Inc. com 76680v108 1,369 105,300 SH   SOLE   101,400 0 3,900
Rosetta Stone, Inc. com 777780107 955 88,600 SH   SOLE   88,600 0 0
Semtech Corp. com 816850101 4,477 125,240 SH   SOLE   20,320 0 104,920
Shiloh Inds, Inc. com 824543102 417 35,555 SH   SOLE   35,555 0 0
Sina Corp. ADR com G81477104 1,661 19,550 SH   SOLE   19,000 0 550
Skywest Inc com 830879102 1,404 40,000 SH   SOLE   40,000 0 0
Spartan Motors, Inc. com 846819100 1,268 143,300 SH   SOLE   143,300 0 0
Super Micro Computer Inc. com 86800U104 870 35,300 SH   SOLE   35,300 0 0
Tactile Sys Technology, Inc. com 87357P100 4,666 163,250 SH   SOLE   68,430 0 94,820
Tal Education Group ADR com 874080104 7,936 64,885 SH   SOLE   35,294 0 29,590
Tenneco, Inc. com 880349105 4,006 69,266 SH   SOLE   14,195 0 55,071
The Travelers Co., Inc. com 89417E109 418 3,304 SH   SOLE   0 0 3,304
Tital Oil & Gas, Inc. com 888309101 0 10,000 SH   SOLE   0 0 10,000
Tivity Health Inc com 88870R102 1,490 37,400 SH   SOLE   37,400 0 0
Tivo corp. com 88870P106 811 43,500 SH   SOLE   43,500 0 0
Triumph Group, Inc. com 896818101 474 15,000 SH   SOLE   15,000 0 0
Trivago N V Spon ADS com 89686D105 46,602 1,969,639 SH   SOLE   1,664,839 0 304,800
United Financial Bancorp, Inc. com 910304104 1,087 65,100 SH   SOLE   65,100 0 0
Vanda Pharmaceuticals, Inc. com 921659108 173 10,600 SH   SOLE   10,600 0 0
Varonis Sys, Inc. com 922280102 982 26,400 SH   SOLE   26,400 0 0
Verizon Communications com 92343V104 226 5,065 SH   SOLE   180 0 4,885
Visteon Corp. com 92839U206 3,474 34,040 SH   SOLE   1,550 0 32,490
Vocera Communications, Inc. com 92857F107 645 24,400 SH   SOLE   24,400 0 0
Wal Mart Stores Inc. com 931142103 221 2,926 SH   SOLE   140 0 2,786
Walker & Dunlop, Inc. com 93148P102 513 10,500 SH   SOLE   10,500 0 0
Weibo Corp. Spon ADR com 948596101 1,974 29,700 SH   SOLE   29,700 0 0
Willdan Group Inc. com 96924N100 252 8,257 SH   SOLE   8,257 0 0
Xenacare Hldgs, Inc. com 98401A106 0 140,000 SH   SOLE   0 0 140,000
Xencor, Inc. com 98401F105 213 10,100 SH   SOLE   10,100 0 0
Yum China Hldgs, Inc. ADR com 98850P109 608 15,430 SH   SOLE   15,000 0 430
ZTO Express ADR com 98980A105 802 57,440 SH   SOLE   52,150 0 5,290
Zix Corp. com 98974P100 569 100,000 SH   SOLE   100,000 0 0
SPDR S&P 500 ETF Trust com 78462F103 1,993 8,243 SH   SOLE   7,600 0 643