-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jk6IPJ90/LDNnolRrpFaQK7Qon10cc77MhOsydn5a5uySm0GeIgk579MsFGP5g4y TaCFL4sKoBh2pj17KAormA== 0001144204-08-058876.txt : 20081022 0001144204-08-058876.hdr.sgml : 20081022 20081022163146 ACCESSION NUMBER: 0001144204-08-058876 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081022 DATE AS OF CHANGE: 20081022 EFFECTIVENESS DATE: 20081022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMERALD ADVISERS INC/PA CENTRAL INDEX KEY: 0001015083 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05618 FILM NUMBER: 081135524 BUSINESS ADDRESS: STREET 1: 1857 WILLIAM PENN WAY STREET 2: SUITE 203 CITY: LANCASTER STATE: PA ZIP: 17601 BUSINESS PHONE: 7173961116 13F-HR 1 v129483_13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 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: Emerald Advisers, Inc. Address: 1703 Oregon Pike Suite 101 Lancaster, PA 17601 Form 13F File Number: 028-05618 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 form. Person Signing this Report on Behalf of Reporting Manager: Name: Kenneth G. Mertz II Title: President Phone: 717-396-1116 Signature, Place, and Date of Signing: Kenneth G. Mertz II Lancaster, Pennsylvania October 21, 2008 Report Type (Check only one.): [X] 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).) [_] 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: None. Form 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS : 0 - FORM 13F INFORMATION TABLE ENTRY TOTAL: 350 --- FORM 13F INFORMATION TABLE VALUE TOTAL: $1,417,444 ---------- (thousands) List of other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state NONE and omit the column headings and list entries.] NONE EMERALD ADVISERS PAGE 1 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 99 CENTS ONLY STORES COM COM 65440K106 6143 559973 SH SOLE 358547 0 201426 A T & T INC (NEW) COM 00206R102 535 19158 SH SOLE 19158 0 0 ABINGTON COMMUNITY BANCORP COM 00350L109 2597 256641 SH SOLE 8520 0 248121 ACNB CORP COM COM 000868109 264 18204 SH SOLE 0 0 18204 ACTIVISION BLIZZARD,INC COM 00507V109 1012 65568 SH SOLE 61392 0 4176 ACTUANT CORP CL A NEW COM 00508X203 4302 170440 SH SOLE 108780 0 61660 ADOBE SYS INC COM COM 00724F101 1054 26693 SH SOLE 24992 0 1701 ADVENT SOFTWARE INC COM COM 007974108 8785 249372 SH SOLE 156495 0 92877 AEROPOSTALE INC COM 007865108 5681 176913 SH SOLE 114798 0 62115 AES CORP COM COM 00130H105 393 33643 SH SOLE 31345 0 2298 AFFILIATED MANAGERS GROUP INCO COM 008252108 244 2949 SH SOLE 2949 0 0 AIRGAS INC COM COM 009363102 27371 551271 SH SOLE 274615 0 276656 ALEXION PHARMACEUTICALS INC CO COM 015351109 20085 511080 SH SOLE 290586 0 220494 ALLEGHENY VY BANCORP INC COM COM 017427105 650 13400 SH SOLE 0 0 13400 ALLEGIANT TRAVEL COMPANY COM 01748X102 2433 68893 SH SOLE 43589 0 25304 ALLERGAN INC COM COM 018490102 525 10193 SH SOLE 9545 0 648 ALLIANCE DATA SYS CORP COM COM 018581108 1597 25201 SH SOLE 23596 0 1605 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 556 16400 SH SOLE 16400 0 0 AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 4062 266370 SH SOLE 38168 0 228202 AMERICAN ECOLOGY CORP COM NEW COM 025533407 6027 217801 SH SOLE 138867 0 78934 AMERICAN TOWER CORP CL A COM 029912201 336 9339 SH SOLE 8731 0 608 AMERIGON INC COM COM 03070L300 1548 235222 SH SOLE 152459 0 82763 AMETEK INC NEW COM COM 031100100 8531 209245 SH SOLE 15845 0 193400 AMPCO-PITTSBURG CORP COM COM 032037103 818 31589 SH SOLE 2359 0 29230 ANSYS INC COM COM 03662Q105 33403 882045 SH SOLE 418192 0 463853 AQUA AMERICA INC COM 03836W103 7836 440699 SH SOLE 33566 0 407133 ARBITRON INC COM COM 03875Q108 10853 242853 SH SOLE 154667 0 88186 ARCH COAL INC COM COM 039380100 472 14355 SH SOLE 13394 0 961 ASSURANT INC COM COM 04621X108 667 12133 SH SOLE 11360 0 773 ATHEROS COMMUNICATIONS INC COM COM 04743P108 4667 197909 SH SOLE 133541 0 64368 ATLAS ENERGY RESOURCES LLC COM COM 049303100 5527 214225 SH SOLE 87876 0 126349 AUXILIUM PHARMACEUTICALS INCCO COM 05334D107 1153 35600 SH SOLE 2700 0 32900 AXSYS TECHNOLOGIES INC COM COM 054615109 6780 115025 SH SOLE 73429 0 41596 BAKER MICHAEL CORP COM COM 057149106 12956 372308 SH SOLE 43615 0 328693 BANK OF AMER CORP COM COM 060505104 379 10840 SH SOLE 10840 0 0 BANK OF MARIN BANCORP COM COM 063425102 299 9500 SH SOLE 9500 0 0 BANK OF THE OZARKS INC COM COM 063904106 846 31339 SH SOLE 31339 0 0 BERKSHIRE HILLS BANCORP INC CO COM 084680107 320 10000 SH SOLE 10000 0 0 BIO RAD LABS INC CL A COM 090572207 5601 56504 SH SOLE 36064 0 20440 BIOMARIN PHARMACEUTICAL INC CO COM 09061G101 16773 633168 SH SOLE 420686 0 212482 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 4252 384461 SH SOLE 239290 0 145171 BIO-REFERENCE LABS INC COM PAR COM 09057G602 12878 445610 SH SOLE 293088 0 152522 BJ'S RESTAURANT INC COM 09180C106 3957 331400 SH SOLE 209993 0 121407 BLACK BOX CORP COM COM 091826107 1392 40300 SH SOLE 2100 0 38200 BLACKBOARD INC COM COM 091935502 19779 490924 SH SOLE 297728 0 193196 BROADCOM CORP COM COM 111320107 1224 65685 SH SOLE 61501 0 4184 BROCADE COMMUNICATIONS SYS ICO COM 111621306 10133 1741058 SH SOLE 1006140 0 734918 BUCYRUS INTL INC NEW CL A COM 118759109 409 9144 SH SOLE 8561 0 583 C H ROBINSON WORLDWIDE INC COM COM 12541W209 611 11986 SH SOLE 11222 0 764 CALGON CARBON CORP COM COM 129603106 6003 294859 SH SOLE 22524 0 272335 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 5138 399261 SH SOLE 257657 0 141604
EMERALD ADVISERS PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- CAMDEN NATL CORP COM COM 133034108 325 9300 SH SOLE 9300 0 0 CAMPBELL SOUP CO COM COM 134429109 666 17254 SH SOLE 16157 0 1097 CAPELLA EDUCATION CO COM 139594105 7243 169002 SH SOLE 109502 0 59500 CARPENTER TECHNOLOGY CORP COM COM 144285103 1003 39100 SH SOLE 3000 0 36100 CARRIZO OIL & GAS INC COM COM 144577103 6648 183287 SH SOLE 120094 0 63193 CASCADE FINL CORP COM COM 147272108 212 28717 SH SOLE 28717 0 0 CASS INFORMATION SYS INC COM COM 14808P109 833 23230 SH SOLE 23230 0 0 CAVIUM NETWORKS INC COM COM 14965A101 7439 528346 SH SOLE 346819 0 181527 CELERA CORP COM COM 15100E106 9473 613154 SH SOLE 391455 0 221699 CEPHALON INC COM COM 156708109 5891 76020 SH SOLE 14661 0 61359 CEPHEID COM COM 15670R107 1831 132378 SH SOLE 84478 0 47900 CF INDS HLDGS INC COM COM 125269100 532 5819 SH SOLE 5448 0 371 CHARLES RIV LABORATORIES INTCO COM 159864107 830 14941 SH SOLE 13991 0 950 CHARMING SHOPPES INC COM COM 161133103 1030 210600 SH SOLE 16100 0 194500 CHEVRONTEXACO CORPORATION COM 166764100 1046 12678 SH SOLE 12678 0 0 CHIQUITA BRANDS INTL INC COM COM 170032809 13772 871089 SH SOLE 565576 0 305513 CHURCH & DWIGHT CO COM 171340102 793 12778 SH SOLE 11965 0 813 CISCO SYS INC COM COM 17275R102 291 12898 SH SOLE 12898 0 0 CITIZENS FINL SVCS INC COM COM 174615104 211 9393 SH SOLE 0 0 9393 CITIZENS & NORTHERN CORP COM COM 172922106 300 13900 SH SOLE 0 0 13900 COBIZ INC COM COM 190897108 278 23109 SH SOLE 23109 0 0 COCA COLA CO COM 191216100 235 4452 SH SOLE 4452 0 0 CODORUS VALLEY BANCORP COM COM 192025104 1105 86844 SH SOLE 6849 0 79995 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 557 24379 SH SOLE 22703 0 1676 COMPASS DIVERSIFIED TR COM 20451Q104 3040 218100 SH SOLE 21300 0 196800 COMPASS MINERALS INTL INC COM COM 20451N101 3239 61816 SH SOLE 39580 0 22236 COMSTOCK RES INC COM COM 205768203 4872 97350 SH SOLE 62080 0 35270 CONCEPTUS INC COM COM 206016107 9280 559685 SH SOLE 358343 0 201342 CONOCOPHILLIPS COM COM 20825C104 817 11154 SH SOLE 11154 0 0 CON-WAY INC COM COM 205944101 423 9590 SH SOLE 8979 0 611 COVANTA HLDG CORP COM COM 22282E102 990 41344 SH SOLE 38709 0 2635 CROWN HOLDINGS INC COM COM 228368106 1948 87700 SH SOLE 6700 0 81000 CULLEN FROST BANKERS INC COM COM 229899109 760 12667 SH SOLE 12667 0 0 C&D TECHNOLOGIES INC COM COM 124661109 4166 733439 SH SOLE 59792 0 673647 DALECO RES CORP COM NEW COM 23437P208 69 687500 SH SOLE 0 0 687500 DARDEN RESTAURANTS INC COM COM 237194105 487 16994 SH SOLE 15911 0 1083 DATA DOMAIN INC COM COM 23767P109 4450 199821 SH SOLE 130943 0 68878 DENTSPLY INTL INC NEW COM COM 249030107 1879 50046 SH SOLE 3800 0 46246 DEVRY INC COM COM 251893103 846 17084 SH SOLE 15996 0 1088 DIAMOND FOODS INC COM 252603105 13336 475764 SH SOLE 301702 0 174062 DICKS SPORTING GOODS INC OC-CO COM 253393102 2923 149310 SH SOLE 9410 0 139900 DIME CMNTY BANCORP INC COM COM 253922108 218 14300 SH SOLE 14300 0 0 DINEEQUITY INC COM 254423106 175 10380 SH SOLE 9719 0 661 DISNEY WALT PRODTNS COM 254687106 218 7095 SH SOLE 7095 0 0 DOLBY LABORATORIES INC COM COM 25659T107 941 26736 SH SOLE 25033 0 1703 DOLLAR TREE INC COM 256746108 1015 27922 SH SOLE 26143 0 1779 DONEGAL GROUP INC J CL A COM 257701201 2060 113629 SH SOLE 7747 0 105882 DUFF & PHELPS CORP-CL A COM 26433B107 463 22000 SH SOLE 22000 0 0 EASTERN INS HLDGS INC COM COM 276534104 1083 80192 SH SOLE 6700 0 73492 EBIX INC COM NEW COM 278715206 6505 207708 SH SOLE 133164 0 74544 ECLIPSYS CORP COM COM 278856109 11058 527834 SH SOLE 343718 0 184116
EMERALD ADVISERS PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- EDWARDS LIFESCIENCES CORP COM COM 28176E108 726 12572 SH SOLE 11771 0 801 ELECTRONIC ARTS INC COM COM 285512109 575 15536 SH SOLE 14546 0 990 ENERGY CONVRSN DEVICES INC COM COM 292659109 3247 55741 SH SOLE 35521 0 20220 ENSCO INTL INC COM COM 26874Q100 542 9398 SH SOLE 8799 0 599 ENTERPRISE FINL SVCS CORP COM COM 293712105 442 19578 SH SOLE 19578 0 0 ENVIRONMENTAL TECTONICS CORPCO COM 294092101 998 525069 SH SOLE 130993 0 394076 EQUINIX INC COM NEW COM 29444U502 565 8139 SH SOLE 7575 0 564 EQUITABLE RES INC COM COM 294549100 1750 47700 SH SOLE 3600 0 44100 ERESEARCHTECHNOLOGY INC COM COM 29481V108 1359 114115 SH SOLE 8710 0 105405 ERIE INDTY CO CL A COM 29530P102 3134 74143 SH SOLE 10640 0 63503 ESSA BANCORP INC COM COM 29667D104 1321 95000 SH SOLE 7200 0 87800 EXCO RESOURCES INC COM COM 269279402 5924 363011 SH SOLE 230773 0 132238 EXPRESS SCRIPTS INC CL A COM 302182100 880 11916 SH SOLE 11157 0 759 EXXON CORPORATION COM 30231G102 1637 21076 SH SOLE 21076 0 0 FACTSET RESH SYS INC COM COM 303075105 6997 133917 SH SOLE 89113 0 44804 FEDERATED INVS INC PA CL B COM 314211103 2842 98500 SH SOLE 16000 0 82500 FEI CO COM COM 30241L109 3804 159783 SH SOLE 100833 0 58950 FELCOR LODGING TR INC COM COM 31430F101 107 15000 SH SOLE 15000 0 0 FIDELITY BANCORP INC COM COM 315831107 293 23458 SH SOLE 15758 0 7700 FIRST FINL BANCSHARES INC COM COM 32020R109 421 8111 SH SOLE 8111 0 0 FIRST KEYSTONE CORP COM PAR $2 COM 320654205 240 15000 SH SOLE 0 0 15000 FIRST KEYSTONE FINL INC COM COM 320655103 90 10000 SH SOLE 0 0 10000 FIRST NIAGARA FINL GP INC COM COM 33582V108 181 11500 SH SOLE 11500 0 0 FIRST SECURITY GROUP INC COM 336312103 182 24800 SH SOLE 24800 0 0 FISERV INC COM COM 337738108 817 17267 SH SOLE 16167 0 1100 FLIR SYS INC COM COM 302445101 19234 500615 SH SOLE 335254 0 165361 FOSTER L B CO COM COM 350060109 5291 173939 SH SOLE 13222 0 160717 FOX CHASE BANCORP COM COM 35137P106 535 45700 SH SOLE 3100 0 42600 FTI CONSULTING INC COM COM 302941109 6603 91407 SH SOLE 63343 0 28064 FULTON FINL CORP PA COM COM 360271100 2962 271518 SH SOLE 28745 0 242773 GATEWAY FINL HLDGS INC COM COM 368140109 66 12318 SH SOLE 12318 0 0 GENCO SHIPPING & TRADING LTDSH COM Y2685T107 2707 81440 SH SOLE 52450 0 28990 GENERAL ELEC CO COM 369604103 678 26588 SH SOLE 26588 0 0 GEN-PROBE INC NEW COM COM 36866T103 11510 216970 SH SOLE 145789 0 71181 GLACIER BANCORP INC NEW COM COM 37637Q105 357 14400 SH SOLE 14400 0 0 GLATFELTER P H CO COM COM 377316104 2137 157800 SH SOLE 13100 0 144700 GOLDMAN SACHS GROUP INC COM COM 38141G104 336 2622 SH SOLE 2622 0 0 GOODRICH B F CO COM COM 382388106 276 6637 SH SOLE 6216 0 421 GREIF BROS CORP COM 397624107 14856 226399 SH SOLE 149407 0 76992 GSI COMM INC COM COM 36238G102 20885 1349160 SH SOLE 588584 0 760576 GUESS INC COM COM 401617105 503 14453 SH SOLE 13532 0 921 HAEMONETICS CORP COM COM 405024100 9730 157645 SH SOLE 100255 0 57390 HANOVER INS GROUP INC COM COM 410867105 323 7100 SH SOLE 7100 0 0 HARLEYSVILLE NATL CORP PA COM COM 412850109 6005 353669 SH SOLE 53732 0 299937 HARMONIC INC COM COM 413160102 14264 1688047 SH SOLE 1029262 0 658785 HARRIS CORP DEL COM COM 413875105 741 16032 SH SOLE 15011 0 1021 HARSCO CORP COM COM 415864107 2444 65729 SH SOLE 21784 0 43945 HASBRO INC COM COM 418056107 719 20712 SH SOLE 19392 0 1320 HCC INS HLDGS INC COM COM 404132102 734 27200 SH SOLE 27200 0 0 HEALTHCARE SVCS GROUP INC COM COM 421906108 335 18300 SH SOLE 1050 0 17250 HEARTLAND FINL USA INC COM COM 42234Q102 217 8671 SH SOLE 8671 0 0
EMERALD ADVISERS PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- HEINZ H J CO COM COM 423074103 951 19036 SH SOLE 17751 0 1285 HELMERICH & PAYNE INC COM COM 423452101 278 6447 SH SOLE 6037 0 410 HERBALIFE LTD COM USD SHS COM G4412G101 856 21663 SH SOLE 20283 0 1380 HERLEY INDS COM 427398102 3618 211568 SH SOLE 16065 0 195503 HERSHA HOSPITALITY TR PRIORITY COM 427825104 2750 369600 SH SOLE 40400 0 329200 HEWLETT PACKARD CO COM COM 428236103 315 6810 SH SOLE 6810 0 0 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 7958 206062 SH SOLE 134576 0 71486 HUB GROUP INC CL A COM 443320106 10757 285716 SH SOLE 184085 0 101631 HUNT J B TRANS SVCS INC COM COM 445658107 214 6401 SH SOLE 5993 0 408 I B M COM 459200101 456 3898 SH SOLE 3898 0 0 IBERIABANK CORP COM COM 450828108 333 6300 SH SOLE 6300 0 0 ICONIX BRAND GROUP INC COM COM 451055107 12630 965566 SH SOLE 582838 0 382728 IDEXX LABORATORIES CORP COM COM 45168D104 595 10849 SH SOLE 10159 0 690 IGATE CAPITAL CO COM 45169U105 293 33767 SH SOLE 2237 0 31530 IHS INC CL A COM 451734107 893 18746 SH SOLE 17553 0 1193 II-VI INC COM COM 902104108 32970 852828 SH SOLE 397342 0 455486 ILLUMINA INC COM COM 452327109 11374 280632 SH SOLE 187944 0 92688 IMMUCOR INC COM COM 452526106 14459 452404 SH SOLE 300213 0 152191 INDEPENDENT BK CORP MASS COM COM 453836108 343 11000 SH SOLE 11000 0 0 INFOLOGIX INC COM COM 45668X105 383 258736 SH SOLE 11700 0 247036 INNOVATIVE SOLUTIONS & SUPPOCO COM 45769N105 191 35000 SH SOLE 0 0 35000 INTEL CORP COM COM 458140100 254 13562 SH SOLE 13562 0 0 INTERACTIVE BROKERS GROUP INCO COM 45841N107 963 43444 SH SOLE 40675 0 2769 INTERCONTINENTALEXCHANGE INCCO COM 45865V100 698 8652 SH SOLE 8101 0 551 INTERDIGITAL INC PA COM 45867G101 2981 123934 SH SOLE 9400 0 114534 INTERNATIONAL BANCSHARES CORCO COM 459044103 528 19559 SH SOLE 19559 0 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 11295 1392744 SH SOLE 589127 0 803617 INTUITIVE SURGICAL INC COM NEW COM 46120E602 254 1053 SH SOLE 987 0 66 INVENTIV HEALTH INC COM 46122E105 5164 292385 SH SOLE 191018 0 101367 ITRON INC COM COM 465741106 8663 97852 SH SOLE 66562 0 31290 IXIA COM COM 45071R109 6904 936836 SH SOLE 598991 0 337845 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 4432 189807 SH SOLE 121573 0 68234 JACOBS ENGR GROUP INC COM COM 469814107 223 4106 SH SOLE 3845 0 261 JARDEN CORP COM COM 471109108 278 11867 SH SOLE 11111 0 756 JOHNSON & JOHNSON COM 478160104 436 6294 SH SOLE 6294 0 0 JONES LANG LASALLE INC COM COM 48020Q107 321 7383 SH SOLE 6913 0 470 JPMORGAN CHASE & CO COM COM 46625H100 562 12044 SH SOLE 12044 0 0 JUNIATA VALLEY NATL BK COM COM 482016102 437 21047 SH SOLE 0 0 21047 JUNIPER NETWORKS INC COM COM 48203R104 646 30675 SH SOLE 28720 0 1955 KBW INC COM 482423100 445 13500 SH SOLE 13500 0 0 KENDLE INTERNATIONAL INC COM COM 48880L107 17839 399003 SH SOLE 247156 0 151847 KENNAMETAL INC COM COM 489170100 15352 566075 SH SOLE 257765 0 308310 KENSEY NASH CORP COM COM 490057106 3284 104393 SH SOLE 7962 0 96431 KMG CHEMICALS INC COM COM 482564101 2051 293837 SH SOLE 48104 0 245733 KOHLS CORP COM COM 500255104 570 12380 SH SOLE 11591 0 789 KOPPERS HOLDINGS INC COM 50060P106 15641 418095 SH SOLE 186127 0 231968 KULICKE & SOFFA INDS INC COM COM 501242101 2448 542700 SH SOLE 41200 0 501500 LAKELAND FINL CORP COM COM 511656100 250 11370 SH SOLE 11370 0 0 LANDSTAR SYS INC COM COM 515098101 242 5490 SH SOLE 5127 0 363 LAWSON SOFTWARE INC NEW COM COM 52078P102 6513 930398 SH SOLE 592823 0 337575 LUMINEX CORP DEL COM COM 55027E102 6858 274200 SH SOLE 169744 0 104456
EMERALD ADVISERS PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- MARINER ENERGY INC COM COM 56845T305 4445 216810 SH SOLE 134938 0 81872 MARRIOTT INTL INC NEW CL A COM 571903202 346 13275 SH SOLE 12429 0 846 MARTEK BIOSCIENCES CORP COM COM 572901106 9787 311492 SH SOLE 198472 0 113020 MARVEL ENTERTAINMENT INC COM 57383T103 23561 690135 SH SOLE 437751 0 252384 MASIMO CORPORATION COM 574795100 13176 354187 SH SOLE 229702 0 124485 MATTHEWS INTL CORP CL A COM 577128101 5321 104859 SH SOLE 7439 0 97420 MCDERMOTT INTL INC COM COM 580037109 278 10873 SH SOLE 10182 0 691 MEADOWBROOK INS GROUP INC COM COM 58319P108 490 69436 SH SOLE 69436 0 0 MEDAREX INC COM COM 583916101 4543 702157 SH SOLE 447354 0 254803 MERCER INS GROUP INC COM COM 587902107 415 25300 SH SOLE 25300 0 0 MET PRO CORP COM COM 590876306 8922 611539 SH SOLE 114953 0 496586 METROCORP BANCSHARES INC COM COM 591650106 540 44974 SH SOLE 44974 0 0 METTLER-TOLEDO INTL INC COM COM 592688105 702 7162 SH SOLE 6704 0 458 MICROS SYS INC COM COM 594901100 11537 432752 SH SOLE 282289 0 150463 MICROSEMI CORP COM COM 595137100 15938 625500 SH SOLE 343709 0 281791 MICROSOFT CORP COM COM 594918104 697 26116 SH SOLE 26116 0 0 MICRUS ENDOVASCULAR CORP COM COM 59518V102 144 10300 SH SOLE 3300 0 7000 MIDWESTONE FINANCIAL GROUP INC COM 598511103 185 13360 SH SOLE 13360 0 0 MINE SAFETY APPLIANCES CO COM 602720104 2894 75910 SH SOLE 5710 0 70200 MONOLITHIC PWR SYS INC COM COM 609839105 2315 133297 SH SOLE 85092 0 48205 MYLAN LABS INC COM COM 628530107 3364 294600 SH SOLE 22400 0 272200 MYR GROUP INC DEL COM COM 55405W104 2328 183923 SH SOLE 117416 0 66507 MYRIAD GENETICS INC COM COM 62855J104 12390 190973 SH SOLE 125617 0 65356 NATIONAL RETAIL PROPERTIES INC COM 637417106 11876 495864 SH SOLE 323764 0 172100 NATIONAL-OILWELL INC COM COM 637071101 586 11668 SH SOLE 10924 0 744 NAVIGATORS GROUP INC COM COM 638904102 5661 97597 SH SOLE 67367 0 30230 NCR CORP NEW COM COM 62886E108 323 14670 SH SOLE 13735 0 935 NETWORK APPLIANCE INC COM 64110D104 392 21509 SH SOLE 20139 0 1370 NEUTRAL TANDEM, INC COM 64128B108 19853 1070810 SH SOLE 620492 0 450318 NEWS CORP CL A COM 65248E104 187 15634 SH SOLE 15634 0 0 NII HLDGS INC CL B NEW COM 62913F201 784 20670 SH SOLE 19353 0 1317 NOBLE CORPORATION SHS COM G65422100 731 16654 SH SOLE 15593 0 1061 NORFOLK SOUTHN CORP COM 655844108 222 3347 SH SOLE 3134 0 213 NORTHERN TR CORP COM COM 665859104 435 6024 SH SOLE 5641 0 383 NUANCE COMMUNICATIONS INC COM 67020Y100 8302 681051 SH SOLE 428061 0 252990 NUTRI SYS INC NEW COM COM 67069D108 1141 64415 SH SOLE 4844 0 59571 NVR INC COM COM 62944T105 375 656 SH SOLE 614 0 42 OCCIDENTAL PETE CORP COM COM 674599105 312 4423 SH SOLE 4423 0 0 OLD DOMINION FGHT LINES INC CO COM 679580100 6501 229389 SH SOLE 143941 0 85448 OMNICELL INC COM COM 68213N109 6109 464566 SH SOLE 294645 0 169921 ON SEMICONDUCTOR CORP COM COM 682189105 385 56948 SH SOLE 53097 0 3851 ONYX PHARMACEUTICALS INC COM COM 683399109 6755 186716 SH SOLE 122011 0 64705 ORACLE SYS CORP COM 68389X105 221 10859 SH SOLE 10859 0 0 ORRSTOWN FINL SVCS INC COM COM 687380105 4662 152857 SH SOLE 11119 0 141738 ORTHOVITA INC COM COM 68750U102 314 120678 SH SOLE 0 0 120678 OSI PHARMACEUTICALS INC COM COM 671040103 6617 134249 SH SOLE 85662 0 48587 PARAGON TECHNOLOGIES INC COM COM 69912T108 1012 217590 SH SOLE 2525 0 215065 PARKVALE FINL CORP COM COM 701492100 1261 78822 SH SOLE 5900 0 72922 PEABODY ENERGY CORP COM COM 704549104 572 12717 SH SOLE 11910 0 807 PEDIATRIX MED GROUP COM COM 705324101 599 11107 SH SOLE 10399 0 708 PENN NATL GAMING INC COM COM 707569109 2761 103900 SH SOLE 6400 0 97500
EMERALD ADVISERS PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- PENN VA GP HLDGS L P COM UNIT COM 70788P105 418 20000 SH SOLE 1500 0 18500 PENN VIRGINIA CORP COM 707882106 20148 377020 SH SOLE 161664 0 215356 PENNS WOODS BANCORP INC COM COM 708430103 1325 45692 SH SOLE 2240 0 43452 PENNSYLVANIA COMM BANCORP INCO COM 708677109 2057 68987 SH SOLE 5264 0 63723 PEPSICO INC COM 713448108 251 3516 SH SOLE 3516 0 0 PERRIGO CO COM COM 714290103 19825 515478 SH SOLE 326601 0 188877 PETROHAWK ENERGY CORP COM COM 716495106 533 24658 SH SOLE 23090 0 1568 PFIZER INC COM 717081103 290 15753 SH SOLE 15753 0 0 PHASE FORWARD INC COM COM 71721R406 18043 862890 SH SOLE 564177 0 298713 PHILADELPHIA CONS HLDG CORP CO COM 717528103 7674 131029 SH SOLE 28905 0 102124 PHILIP MORRIS INTL INC COM COM 718172109 266 5532 SH SOLE 5532 0 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 860 27909 SH SOLE 27909 0 0 PIONEER NAT RES CO COM COM 723787107 587 11228 SH SOLE 10512 0 716 PRECISION CASTPARTS CORP COM COM 740189105 242 3072 SH SOLE 2859 0 213 PRICE T ROWE GROUP INC COM COM 74144T108 752 14006 SH SOLE 13115 0 891 PRINCETON NATL BANCORP INC COM COM 742282106 209 8361 SH SOLE 8361 0 0 PRIVATEBANCORP INC COM COM 742962103 13150 315648 SH SOLE 216141 0 99507 PROCTER & GAMBLE COMPANY COM 742718109 483 6935 SH SOLE 6935 0 0 PROSPERITY BANCSHARES INC COM COM 743606105 12906 379687 SH SOLE 223175 0 156512 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 23337 614943 SH SOLE 384929 0 230014 QUAKER CHEM CORP COM COM 747316107 438 15400 SH SOLE 0 0 15400 QUANTA SVCS INC COM COM 74762E102 710 26290 SH SOLE 24615 0 1675 RANGE RES CORP COM COM 75281A109 506 11808 SH SOLE 11056 0 752 RAYMOND JAMES FINL INC COM COM 754730109 346 10500 SH SOLE 10500 0 0 REPUBLIC FIRST BANCORP INC COM COM 760416107 2242 260440 SH SOLE 19790 0 240650 REX ENERGY CORPORATION COM COM 761565100 1718 109000 SH SOLE 8300 0 100700 ROCK-TENN CO CL A COM 772739207 5029 125778 SH SOLE 80406 0 45372 ROPER INDS INC NEW COM COM 776696106 717 12583 SH SOLE 11781 0 802 ROSS STORES INC COM COM 778296103 590 16035 SH SOLE 15013 0 1022 RTI BIOLOGICS INC COM COM 74975N105 3076 329004 SH SOLE 210006 0 118998 SANGAMO BIOSCIENCES INC COM COM 800677106 1651 214374 SH SOLE 136746 0 77628 SBA COMMUNICATIONS CORP CL A COM 78388J106 15631 604202 SH SOLE 395200 0 209002 SEQUENOM INC COM NEW COM 817337405 13418 504059 SH SOLE 321105 0 182954 SIGNATURE BK NEW YORK N Y COM COM 82669G104 518 14846 SH SOLE 14846 0 0 SILVER WHEATON CORP COM COM 828336107 451 55290 SH SOLE 51767 0 3523 SMITH & WESSON HLDG CORP COM COM 831756101 4479 1197653 SH SOLE 782377 0 415276 SMITHTOWN BANCORP INC COM COM 832449102 1746 77622 SH SOLE 75273 0 2349 SOUTHWEST BANCORP INC OKLA COM COM 844767103 396 22400 SH SOLE 22400 0 0 STARBUCKS CORP COM COM 855244109 360 24192 SH SOLE 22651 0 1541 STERICYCLE INC COM COM 858912108 708 12017 SH SOLE 11253 0 764 STERLING BANCSHARES INC COM COM 858907108 318 30400 SH SOLE 30400 0 0 STIFEL FINL CORP COM COM 860630102 863 17299 SH SOLE 17299 0 0 STRAYER ED INC COM COM 863236105 521 2600 SH SOLE 0 0 2600 SUCCESSFACTORS INC COM 864596101 5242 480941 SH SOLE 306865 0 174076 SUNPOWER CORP COM CL B COM 867652307 319 4615 SH SOLE 4321 0 294 SUPERIOR ENERGY SVCS INC COM COM 868157108 666 21395 SH SOLE 19974 0 1421 SUPERIOR WELL SVCS INC COM COM 86837X105 787 31100 SH SOLE 2400 0 28700 SVB FINL GROUP COM COM 78486Q101 12141 209623 SH SOLE 140424 0 69199 SYMANTEC CORP COM COM 871503108 605 30906 SH SOLE 28937 0 1969 TAMALPAIS BANCORP COM 87485H103 386 30978 SH SOLE 30978 0 0 TASTY BAKING CO COM COM 876553306 341 82500 SH SOLE 5300 0 77200
EMERALD ADVISERS PAGE 7 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- TELEFLEX INC COM COM 879369106 6781 106800 SH SOLE 8200 0 98600 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 12728 613125 SH SOLE 425078 0 188047 THERMADYNE HLDGS CORP NEW COM COM 883435307 5014 300777 SH SOLE 192000 0 108777 THESTREET COM INC COM COM 88368Q103 4670 779643 SH SOLE 531788 0 247855 THORATEC LABS CORP COM NEW COM 885175307 20515 781512 SH SOLE 509340 0 272172 TIME WARNER INC COM 887317105 139 10585 SH SOLE 10585 0 0 TRUE RELIGION APPAREL INC COM COM 89784N104 6000 232124 SH SOLE 149558 0 82566 T-3 ENERGY SRVCS INC COM COM 87306E107 4134 111366 SH SOLE 72232 0 39134 ULTA SALON COSMETICS & FRAGR COM 90384S303 7553 568739 SH SOLE 382699 0 186040 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 14726 545417 SH SOLE 356967 0 188450 ULTRA PETE CORP COM COM 903914109 872 15749 SH SOLE 14745 0 1004 UNITED ONLINE INC COM COM 911268100 5521 586762 SH SOLE 374571 0 212191 UNIVEST CORP PA COM COM 915271100 1348 36424 SH SOLE 958 0 35466 URBAN OUTFITTERS INC COM COM 917047102 6049 189813 SH SOLE 31748 0 158065 URSTADT BIDDLE PPTYS INC CL A COM 917286205 371 19800 SH SOLE 19800 0 0 US BANCORP DEL NEW COM NEW COM 902973304 204 5651 SH SOLE 5651 0 0 USA TECHNOLOGIES INC COM 90328S500 340 82049 SH SOLE 0 0 82049 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 3485 138724 SH SOLE 89785 0 48939 VCA ANTECH INC COM COM 918194101 575 19506 SH SOLE 18263 0 1243 VERIZON COMMUNICATIONS COM 92343V104 275 8577 SH SOLE 8577 0 0 VIASAT INC COM COM 92552V100 12788 542341 SH SOLE 349779 0 192562 VIST FINANCIAL CORP COM COM 918255100 1332 110979 SH SOLE 8440 0 102539 VISTAPRINT LIMITED SHS COM G93762204 5571 169632 SH SOLE 109687 0 59945 VOLCANO CORPORATION COM COM 928645100 7699 445300 SH SOLE 288334 0 156966 WABTEC CORPORATION COM 929740108 28655 559347 SH SOLE 251686 0 307661 WADDELL & REED FINL INC CL A COM 930059100 354 14300 SH SOLE 14300 0 0 WAL MART STORES INC COM 931142103 693 11572 SH SOLE 11572 0 0 WASHINGTON TR BANCORP INC COM COM 940610108 588 22100 SH SOLE 22100 0 0 WASTE CONNECTIONS INC COM COM 941053100 10193 297164 SH SOLE 189713 0 107451 WATERS CORP COM COM 941848103 267 4588 SH SOLE 4296 0 292 WEBSTER FINL CORP WATERBURY CO COM 947890109 313 12400 SH SOLE 12400 0 0 WELLS FARGO NEW COM 949746101 399 10631 SH SOLE 10631 0 0 WESCO INTL INC COM COM 95082P105 1353 42039 SH SOLE 2830 0 39209 WEST MILTON BANCORP INC COM COM 954547105 299 6636 SH SOLE 0 0 6636 WEST PHARMACEUTICAL SVCS INCCO COM 955306105 2348 48100 SH SOLE 3700 0 44400 WESTFIELD FINL INC COM COM 96008P104 399 38700 SH SOLE 38700 0 0 WET SEAL INC CL A COM 961840105 7945 2188831 SH SOLE 1437713 0 751118 WILLBROS GROUP INC COM COM 969199108 6329 238823 SH SOLE 153729 0 85094 WILLIAMS COS INC COM COM 969457100 528 22322 SH SOLE 20902 0 1420 WILSHIRE BANCORP INC COM 97186T108 3704 304345 SH SOLE 207057 0 97288 WPCS INTL INC COM NEW COM 92931L203 1104 272535 SH SOLE 20535 0 252000 YADKIN VALLEY FINANCIAL CORPOR COM 984314104 529 31200 SH SOLE 31200 0 0 YORK WTR CO COM COM 987184108 6431 519468 SH SOLE 35389 0 484079 ZIONS BANCORPORATION COM COM 989701107 448 11587 SH SOLE 11021 0 566 LINE COUNT: 350
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