-----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, NQuAvg0Pww/atdYyLbMkPCvYQOVEIPVUUd6v5tuJzpqC0WbAh97+rP0hGByFp45f pkHzkTpSlpa8dgKBMZ1X4Q== 0001144204-09-021924.txt : 20090423 0001144204-09-021924.hdr.sgml : 20090423 20090422203430 ACCESSION NUMBER: 0001144204-09-021924 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090423 DATE AS OF CHANGE: 20090422 EFFECTIVENESS DATE: 20090423 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: 09764809 BUSINESS ADDRESS: STREET 1: 1857 WILLIAM PENN WAY STREET 2: SUITE 203 CITY: LANCASTER STATE: PA ZIP: 17601 BUSINESS PHONE: 7173961116 13F-HR 1 v146918_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: March 31, 2009 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: /s/ Kenneth G. Mertz II Lancaster, Pennsylvania April 16, 2009 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: 358 FORM 13F INFORMATION TABLE VALUE TOTAL: $888,880 (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: 03/31/09
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 6747 730239 SH SOLE 521985 0 208254 A T & T INC (NEW) COM 00206R102 468 18571 SH SOLE 18571 0 0 ABINGTON COMMUNITY BANCORP COM 00350L109 2274 274672 SH SOLE 45826 0 228846 ACNB CORP COM COM 000868109 173 18304 SH SOLE 1595 0 16709 ACTIVISION BLIZZARD,INC COM 00507V109 602 57598 SH SOLE 54130 0 3468 ADOBE SYS INC COM COM 00724F101 305 14246 SH SOLE 13388 0 858 ADVENT SOFTWARE INC COM COM 007974108 3945 118433 SH SOLE 85497 0 32936 AEROPOSTALE INC COM 007865108 5972 224833 SH SOLE 159073 0 65760 AES CORP COM COM 00130H105 649 111690 SH SOLE 105669 0 6021 AGILENT TECHNOLOGIES INC COM COM 00846U101 198 12911 SH SOLE 12134 0 777 AIRGAS INC COM COM 009363102 11323 334910 SH SOLE 187009 0 147901 AIRTRAN HLDGS INC COM COM 00949P108 5880 1292234 SH SOLE 950179 0 342055 ALEXION PHARMACEUTICALS INC CO COM 015351109 10398 276094 SH SOLE 193046 0 83048 ALLEGHENY VY BANCORP INC COM COM 017427105 577 17480 SH SOLE 1962 0 15518 ALLEGIANT TRAVEL COMPANY COM 01748X102 10086 221867 SH SOLE 147324 0 74543 ALLERGAN INC COM COM 018490102 400 8371 SH SOLE 7867 0 504 ALLIANCE DATA SYS CORP COM COM 018581108 531 14369 SH SOLE 13504 0 865 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 250 14400 SH SOLE 14400 0 0 AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 4479 365921 SH SOLE 112801 0 253120 AMERICAN ITALIAN PASTA CO CL A COM 027070101 4554 130811 SH SOLE 88014 0 42797 AMERICAN TOWER CORP CL A COM 029912201 700 23015 SH SOLE 21630 0 1385 AMETEK INC NEW COM COM 031100100 5315 169970 SH SOLE 27872 0 142098 AMPCO-PITTSBURG CORP COM COM 032037103 492 37134 SH SOLE 6209 0 30925 AMTRUST FINANCIAL SERVICES ICO COM 032359309 189 19800 SH SOLE 19800 0 0 ANSYS INC COM COM 03662Q105 17087 680770 SH SOLE 370256 0 310514 AQUA AMERICA INC COM 03836W103 8956 447783 SH SOLE 74095 0 373688 ARENA RESOURCES INC COM COM 040049108 5049 198169 SH SOLE 141731 0 56438 ARROW FINL CORP COM COM 042744102 328 13842 SH SOLE 13842 0 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 3294 224713 SH SOLE 164741 0 59972 ATLAS ENERGY RESOURCES LLC COM COM 049303100 2799 265286 SH SOLE 117731 0 147555 AXSYS TECHNOLOGIES INC COM COM 054615109 5179 123184 SH SOLE 86712 0 36472 BADGER METER INC COM COM 056525108 2805 97101 SH SOLE 67192 0 29909 BAKER MICHAEL CORP COM COM 057149106 3544 136322 SH SOLE 31462 0 104860 BALL CORP COM COM 058498106 588 13538 SH SOLE 12723 0 815 BANCORPSOUTH INC COM COM 059692103 250 12000 SH SOLE 12000 0 0 BANK OF AMER CORP COM COM 060505104 186 27275 SH SOLE 27275 0 0 BANK OF MARIN BANCORP COM COM 063425102 341 15854 SH SOLE 15854 0 0 BANK OF THE OZARKS INC COM COM 063904106 686 29739 SH SOLE 29739 0 0 BENEFICIAL MUTUAL BANCORP INCO COM 08173R104 423 42928 SH SOLE 7138 0 35790 BERKSHIRE HILLS BANCORP INC CO COM 084680107 413 18000 SH SOLE 18000 0 0 BIO RAD LABS INC CL A COM 090572207 2742 41614 SH SOLE 31406 0 10208 BIOMARIN PHARMACEUTICAL INC CO COM 09061G101 3215 260351 SH SOLE 192330 0 68021 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 4471 629717 SH SOLE 430537 0 199180 BIO-REFERENCE LABS INC COM PAR COM 09057G602 7933 379380 SH SOLE 270069 0 109311 BJ'S RESTAURANT INC COM 09180C106 8130 584470 SH SOLE 382762 0 201708 BLACK BOX CORP COM COM 091826107 1067 45212 SH SOLE 7547 0 37665 BLACKBOARD INC COM COM 091935502 13295 418873 SH SOLE 277992 0 140881 BMC SOFTWARE INC COM COM 055921100 307 9302 SH SOLE 8742 0 560 BOSTON PRIVATE FINL HLDGS INCO COM 101119105 85 24100 SH SOLE 24100 0 0 BROADCOM CORP COM COM 111320107 1132 56666 SH SOLE 53256 0 3410 BROCADE COMMUNICATIONS SYS ICO COM 111621306 2177 631027 SH SOLE 483307 0 147720
EMERALD ADVISERS PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BURGER KING HLDGS INC COM COM 121208201 250 10872 SH SOLE 10217 0 655 CALGON CARBON CORP COM COM 129603106 15598 1100748 SH SOLE 536032 0 564716 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 2161 165232 SH SOLE 119500 0 45732 CAMDEN NATL CORP COM COM 133034108 213 9300 SH SOLE 9300 0 0 CAPELLA EDUCATION CO COM 139594105 9433 177972 SH SOLE 122650 0 55322 CARDIONET INC COM COM 14159L103 4270 152180 SH SOLE 75912 0 76268 CARPENTER TECHNOLOGY CORP COM COM 144285103 377 26671 SH SOLE 4436 0 22235 CASCADE FINL CORP COM COM 147272108 49 19738 SH SOLE 19738 0 0 CASS INFORMATION SYS INC COM COM 14808P109 565 17411 SH SOLE 17411 0 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 687 34657 SH SOLE 25581 0 9076 CAVIUM NETWORKS INC COM COM 14965A101 5632 488034 SH SOLE 309105 0 178929 CCFNB BANCORP INC COM COM 124880105 300 16431 SH SOLE 1795 0 14636 CEPHALON INC COM COM 156708109 4899 71935 SH SOLE 18715 0 53220 CEPHEID COM COM 15670R107 1164 168754 SH SOLE 127318 0 41436 CHARMING SHOPPES INC COM COM 161133103 1322 944276 SH SOLE 153341 0 790935 CHEVRONTEXACO CORPORATION COM 166764100 1034 15382 SH SOLE 15382 0 0 CHIPOTLE MEXICAN GRILL-CL A COM 169656105 4391 66144 SH SOLE 46576 0 19568 CHIQUITA BRANDS INTL INC COM COM 170032809 5857 883473 SH SOLE 651286 0 232187 CHURCH & DWIGHT CO COM 171340102 718 13753 SH SOLE 12926 0 827 CISCO SYS INC COM COM 17275R102 228 13611 SH SOLE 13611 0 0 CITIZENS FINL SVCS INC COM COM 174615104 314 15370 SH SOLE 1658 0 13712 CITIZENS & NORTHERN CORP COM COM 172922106 589 31831 SH SOLE 3599 0 28232 CLOROX CO COM COM 189054109 210 4073 SH SOLE 3813 0 260 CODORUS VALLEY BANCORP COM COM 192025104 712 88354 SH SOLE 14939 0 73415 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 776 37338 SH SOLE 35090 0 2248 COMMERICAL NATL FINL CORP PACO COM 202217105 331 22816 SH SOLE 2546 0 20270 COMMUNITY BANKERS TR CORP COM COM 203612106 56 16460 SH SOLE 16460 0 0 COMMUNITY BK SYS INC COM COM 203607106 305 18200 SH SOLE 18200 0 0 COMPASS DIVERSIFIED TR COM 20451Q104 873 97858 SH SOLE 14871 0 82987 COMPASS MINERALS INTL INC COM COM 20451N101 6873 121933 SH SOLE 88982 0 32951 COMSTOCK RES INC COM COM 205768203 2470 82900 SH SOLE 58570 0 24330 CONCHO RES INC COM COM 20605P101 2106 82314 SH SOLE 58874 0 23440 CONSOL ENERGY INC COM COM 20854P109 1685 66750 SH SOLE 25417 0 41333 CONTINENTAL RESOURCES INC COM COM 212015101 270 12737 SH SOLE 11970 0 767 COPA HOLDINGS SA CL A COM P31076105 610 21289 SH SOLE 20008 0 1281 COVANTA HLDG CORP COM COM 22282E102 141 10784 SH SOLE 10135 0 649 CROWN HOLDINGS INC COM COM 228368106 6848 301280 SH SOLE 60129 0 241151 CULLEN FROST BANKERS INC COM COM 229899109 595 12667 SH SOLE 12667 0 0 C&D TECHNOLOGIES INC COM COM 124661109 2002 1082173 SH SOLE 181106 0 901067 DALECO RES CORP COM NEW COM 23437P208 48 687500 SH SOLE 0 0 687500 DANVERS BANCORP INC COM COM 236442109 329 23800 SH SOLE 23800 0 0 DARDEN RESTAURANTS INC COM COM 237194105 503 14681 SH SOLE 13797 0 884 DATA DOMAIN INC COM COM 23767P109 1519 120834 SH SOLE 91284 0 29550 DENTSPLY INTL INC NEW COM COM 249030107 632 23546 SH SOLE 3675 0 19871 DEVRY INC COM COM 251893103 574 11918 SH SOLE 11201 0 717 DIAMOND FOODS INC COM 252603105 10536 377236 SH SOLE 262699 0 114537 DICKS SPORTING GOODS INC OC-CO COM 253393102 1860 130356 SH SOLE 21666 0 108690 DIME CMNTY BANCORP INC COM COM 253922108 134 14300 SH SOLE 14300 0 0 DOLBY LABORATORIES INC COM COM 25659T107 511 14994 SH SOLE 14091 0 903 DOLLAR TREE INC COM 256746108 867 19468 SH SOLE 18296 0 1172 DONEGAL GROUP INC J CL A COM 257701201 3984 259237 SH SOLE 43305 0 215932
EMERALD ADVISERS PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- EASTERN INS HLDGS INC COM COM 276534104 1663 214008 SH SOLE 34364 0 179644 EBIX INC COM NEW COM 278715206 8458 340343 SH SOLE 226489 0 113854 ECLIPSYS CORP COM COM 278856109 114 11208 SH SOLE 11208 0 0 EDWARDS LIFESCIENCES CORP COM COM 28176E108 435 7172 SH SOLE 6741 0 431 EMBARQ CORP COM COM 29078E105 435 11501 SH SOLE 10809 0 692 ENERGY CONVRSN DEVICES INC COM COM 292659109 1026 77320 SH SOLE 54060 0 23260 ENTERPRISE FINL SVCS CORP COM COM 293712105 191 19578 SH SOLE 19578 0 0 ENVIRONMENTAL TECTONICS CORPCO COM 294092101 354 397921 SH SOLE 81780 0 316141 EQT CORP COM COM 26884L109 4436 141575 SH SOLE 29918 0 111657 EQUINIX INC COM NEW COM 29444U502 759 13513 SH SOLE 12699 0 814 ERIE INDTY CO CL A COM 29530P102 3101 90712 SH SOLE 18474 0 72238 ESB FINL CORP COM COM 26884F102 311 28300 SH SOLE 4700 0 23600 ESSA BANCORP INC COM COM 29667D104 1486 111640 SH SOLE 18655 0 92985 EXCO RESOURCES INC COM COM 269279402 2837 283713 SH SOLE 196462 0 87251 EXPRESS SCRIPTS INC CL A COM 302182100 219 4739 SH SOLE 4454 0 285 EXXON CORPORATION COM 30231G102 1083 15908 SH SOLE 15908 0 0 FEDERATED INVS INC PA CL B COM 314211103 1159 52060 SH SOLE 9825 0 42235 FEI CO COM COM 30241L109 4673 302866 SH SOLE 201741 0 101125 FIDELITY BANCORP INC COM COM 315831107 322 31947 SH SOLE 17727 0 14220 FIRST COMWLTH FINL CORP PA COM COM 319829107 1356 152840 SH SOLE 40182 0 112658 FIRST FINL BANCSHARES INC COM COM 32020R109 357 7411 SH SOLE 7411 0 0 FIRST KEYSTONE CORP COM PAR $2 COM 320654205 591 38011 SH SOLE 4321 0 33690 FIRST KEYSTONE FINL INC COM COM 320655103 97 15480 SH SOLE 1620 0 13860 FIRST NIAGARA FINL GP INC COM COM 33582V108 220 20200 SH SOLE 20200 0 0 FIRST SECURITY GROUP INC COM 336312103 43 12900 SH SOLE 12900 0 0 FIRST SOLAR INC COM COM 336433107 469 3537 SH SOLE 3325 0 212 FISERV INC COM COM 337738108 368 10090 SH SOLE 9482 0 608 FLIR SYS INC COM COM 302445101 6152 300399 SH SOLE 221712 0 78687 FLOWSERVE CORP COM COM 34354P105 691 12321 SH SOLE 11579 0 742 FMC TECHNOLOGIES INC COM COM 30249U101 314 9995 SH SOLE 9394 0 601 FOSTER L B CO COM COM 350060109 1941 78182 SH SOLE 12744 0 65438 FOX CHASE BANCORP COM COM 35137P106 1077 113935 SH SOLE 18760 0 95175 FTI CONSULTING INC COM COM 302941109 485 9794 SH SOLE 9272 0 522 GAMESTOP CORPORATION CLASS A COM 36467W109 422 15065 SH SOLE 14158 0 907 GENCO SHIPPING & TRADING LTDSH COM Y2685T107 1316 106607 SH SOLE 79283 0 27324 GENERAL ELEC CO COM 369604103 614 60713 SH SOLE 60713 0 0 GENOMIC HEALTH INC COM COM 37244C101 660 27080 SH SOLE 18850 0 8230 GENZYME CORP COM-GEN DIV COM 372917104 220 3708 SH SOLE 3484 0 224 GEN-PROBE INC NEW COM COM 36866T103 285 6252 SH SOLE 5921 0 331 GLACIER BANCORP INC NEW COM COM 37637Q105 248 15800 SH SOLE 15800 0 0 GLATFELTER P H CO COM COM 377316104 1236 198085 SH SOLE 15900 0 182185 GOODRICH B F CO COM COM 382388106 498 13142 SH SOLE 12351 0 791 GREIF BROS CORP COM 397624107 2809 84367 SH SOLE 59909 0 24458 GSI COMM INC COM COM 36238G102 15923 1215531 SH SOLE 659245 0 556286 GUESS INC COM COM 401617105 477 22613 SH SOLE 21251 0 1362 HAEMONETICS CORP COM COM 405024100 7973 144757 SH SOLE 103182 0 41575 HANOVER INS GROUP INC COM COM 410867105 360 12500 SH SOLE 12500 0 0 HANSEN NAT CORP COM COM 411310105 365 10131 SH SOLE 9521 0 610 HARLEYSVILLE GROUP INC COM COM 412824104 4987 156767 SH SOLE 36376 0 120391 HARLEYSVILLE NATL CORP PA COM COM 412850109 2318 382570 SH SOLE 86773 0 295797 HARMONIC INC COM COM 413160102 6768 1041188 SH SOLE 677081 0 364107
EMERALD ADVISERS PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- HARRIS CORP DEL COM COM 413875105 210 7254 SH SOLE 6817 0 437 HARSCO CORP COM COM 415864107 3026 136478 SH SOLE 37158 0 99320 HASBRO INC COM COM 418056107 322 12831 SH SOLE 12058 0 773 HCC INS HLDGS INC COM COM 404132102 8472 336319 SH SOLE 245317 0 91002 HEALTHCARE SVCS GROUP INC COM COM 421906108 457 30518 SH SOLE 4953 0 25565 HERLEY INDS COM 427398102 3362 281129 SH SOLE 46764 0 234365 HEWLETT PACKARD CO COM COM 428236103 245 7645 SH SOLE 7645 0 0 HF FINL CORP COM COM 404172108 346 27151 SH SOLE 27151 0 0 HITTITE MICROWAVE CORP COM 43365Y104 2296 73602 SH SOLE 54192 0 19410 HORSEHEAD HOLDING CORP COM 440694305 939 170638 SH SOLE 28530 0 142108 HUB GROUP INC CL A COM 443320106 3735 219684 SH SOLE 162982 0 56702 HUDSON CITY BANCORP COM 443683107 246 21085 SH SOLE 19815 0 1270 I B M COM 459200101 392 4047 SH SOLE 4047 0 0 IBERIABANK CORP COM COM 450828108 10415 226709 SH SOLE 163987 0 62722 ICONIX BRAND GROUP INC COM COM 451055107 8014 905490 SH SOLE 629833 0 275657 ICT GROUP INC COM COM 44929Y101 396 71169 SH SOLE 10703 0 60466 II-VI INC COM COM 902104108 9565 556749 SH SOLE 287300 0 269449 ILLUMINA INC COM COM 452327109 6911 185571 SH SOLE 134846 0 50725 IMMUCOR INC COM COM 452526106 7313 290786 SH SOLE 212079 0 78707 INDEPENDENT BK CORP MASS COM COM 453836108 229 15500 SH SOLE 15500 0 0 INFOLOGIX INC COM COM 45668X105 72 205050 SH SOLE 16840 0 188210 INTEL CORP COM COM 458140100 200 13319 SH SOLE 13319 0 0 INTERACTIVE BROKERS GROUP INCO COM 45841N107 332 20597 SH SOLE 19357 0 1240 INTERCONTINENTALEXCHANGE INCCO COM 45865V100 243 3258 SH SOLE 3062 0 196 INTERDIGITAL INC PA COM 45867G101 5127 198552 SH SOLE 33791 0 164761 INTERNET CAPITAL GROUP INC (NE COM 46059C205 4209 1044485 SH SOLE 455841 0 588644 ITC HLDGS CORP COM COM 465685105 4248 97396 SH SOLE 68416 0 28980 ITRON INC COM COM 465741106 475 10039 SH SOLE 9549 0 490 IXIA COM COM 45071R109 3866 747699 SH SOLE 542862 0 204837 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 3599 164433 SH SOLE 115127 0 49306 JACK IN THE BOX INC COM COM 466367109 266 11420 SH SOLE 8320 0 3100 JACOBS ENGR GROUP INC COM COM 469814107 254 6582 SH SOLE 6185 0 397 JARDEN CORP COM COM 471109108 666 52581 SH SOLE 49416 0 3165 JOHNSON & JOHNSON COM 478160104 390 7406 SH SOLE 7406 0 0 JUNIATA VALLEY NATL BK COM COM 482016102 573 34734 SH SOLE 3911 0 30823 JUNIPER NETWORKS INC COM COM 48203R104 249 16569 SH SOLE 15571 0 998 KBW INC COM 482423100 475 23330 SH SOLE 21000 0 2330 KENNAMETAL INC COM COM 489170100 6392 394337 SH SOLE 200077 0 194260 KENSEY NASH CORP COM COM 490057106 439 20647 SH SOLE 3448 0 17199 KOHLS CORP COM COM 500255104 1578 37292 SH SOLE 35047 0 2245 KOPPERS HOLDINGS INC COM 50060P106 1513 104169 SH SOLE 19286 0 84883 KULICKE & SOFFA INDS INC COM COM 501242101 1861 710300 SH SOLE 118505 0 591795 LAKELAND FINL CORP COM COM 511656100 218 11370 SH SOLE 11370 0 0 LANDSTAR SYS INC COM COM 515098101 219 6556 SH SOLE 4339 0 2217 LIBERTY MEDIA CORP NEW ENT COM COM 53071M500 466 23335 SH SOLE 21930 0 1405 LIBERTY MEDIA HLDG CORP INT CO COM 53071M104 538 185427 SH SOLE 174261 0 11166 LKQ CORP COM COM 501889208 298 20851 SH SOLE 19595 0 1256 LUMINEX CORP DEL COM COM 55027E102 1206 66548 SH SOLE 47505 0 19043 Mead Johnson Nutrition Company COM 582839106 273 9443 SH SOLE 8874 0 569 MACROVISION SOLUTIONS CORPORAT COM 55611C108 3504 196991 SH SOLE 137241 0 59750 MARINER ENERGY INC COM COM 56845T305 6293 811939 SH SOLE 571279 0 240660
EMERALD ADVISERS PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- MARRIOTT INTL INC NEW CL A COM 571903202 210 12856 SH SOLE 12082 0 774 MARTEK BIOSCIENCES CORP COM COM 572901106 6274 343763 SH SOLE 241868 0 101895 MARVEL ENTERTAINMENT INC COM 57383T103 15560 586049 SH SOLE 400847 0 185202 MARVELL TECHNOLOGY GROUP ORD COM G5876H105 393 42862 SH SOLE 40281 0 2581 MASIMO CORPORATION COM 574795100 4949 170756 SH SOLE 121929 0 48827 MASTERCARD INC CL A COM 57636Q104 405 2420 SH SOLE 2274 0 146 MATTHEWS INTL CORP CL A COM 577128101 5147 178659 SH SOLE 29849 0 148810 MEADOWBROOK INS GROUP INC COM COM 58319P108 424 69436 SH SOLE 69436 0 0 MEDAREX INC COM COM 583916101 80 15537 SH SOLE 15537 0 0 MERCER INS GROUP INC COM COM 587902107 403 28209 SH SOLE 28209 0 0 MERCK & CO INC COM 589331107 242 9061 SH SOLE 9061 0 0 MET PRO CORP COM COM 590876306 3114 382053 SH SOLE 56515 0 325538 METLIFE INC COM COM 59156R108 520 22825 SH SOLE 21916 0 909 METROCORP BANCSHARES INC COM COM 591650106 70 24961 SH SOLE 24961 0 0 MICRON TECHNOLOGY INC COM COM 595112103 253 62333 SH SOLE 58579 0 3754 MICROS SYS INC COM COM 594901100 4874 259941 SH SOLE 189344 0 70597 MICROSEMI CORP COM COM 595137100 8486 731554 SH SOLE 445308 0 286246 MICROSOFT CORP COM COM 594918104 546 29737 SH SOLE 29737 0 0 MIDWESTONE FINANCIAL GROUP INC COM 598511103 156 16660 SH SOLE 16660 0 0 MINE SAFETY APPLIANCES CO COM 602720104 1863 93043 SH SOLE 15153 0 77890 MONOLITHIC PWR SYS INC COM COM 609839105 3052 196879 SH SOLE 139502 0 57377 MURPHY OIL CORP COM 626717102 320 7138 SH SOLE 6805 0 333 MYLAN LABS INC COM COM 628530107 8004 596846 SH SOLE 99126 0 497720 MYR GROUP INC DEL COM COM 55405W104 2015 132140 SH SOLE 84822 0 47318 MYRIAD GENETICS INC COM COM 62855J104 11171 245672 SH SOLE 175390 0 70282 NASDAQ OMX GROUP INC COM COM 631103108 378 19326 SH SOLE 18163 0 1163 NATIONAL RETAIL PROPERTIES INC COM 637417106 1715 108301 SH SOLE 85691 0 22610 NAVIGATORS GROUP INC COM COM 638904102 7487 158681 SH SOLE 117326 0 41355 NCI INC CL A COM 62886K104 850 32711 SH SOLE 22891 0 9820 NETAPP INC COM 64110D104 405 27304 SH SOLE 25662 0 1642 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 3813 138748 SH SOLE 98766 0 39982 NEUTRAL TANDEM, INC COM 64128B108 21253 863611 SH SOLE 527149 0 336462 NEWALLIANCE BANCSHARES INC COM COM 650203102 167 14200 SH SOLE 14200 0 0 NOBLE CORPORATION BAAR NAMEN - COM H5833N103 252 10475 SH SOLE 9844 0 631 NOBLE ENERGY INC COM COM 655044105 419 7784 SH SOLE 7315 0 469 NORTHERN TR CORP COM COM 665859104 758 12677 SH SOLE 11914 0 763 NUANCE COMMUNICATIONS INC COM 67020Y100 4105 378691 SH SOLE 272131 0 106560 NUVASIVE INC COM COM 670704105 1707 54398 SH SOLE 39728 0 14670 NVIDIA CORP COM COM 67066G104 494 50085 SH SOLE 47069 0 3016 O REILLY AUTOMOTIVE INC COM COM 686091109 203 5791 SH SOLE 5442 0 349 OCCIDENTAL PETE CORP COM COM 674599105 261 4695 SH SOLE 4695 0 0 OLD DOMINION FGHT LINES INC CO COM 679580100 1528 65041 SH SOLE 49595 0 15446 ON SEMICONDUCTOR CORP COM COM 682189105 399 102231 SH SOLE 96077 0 6154 ONYX PHARMACEUTICALS INC COM COM 683399109 1372 48048 SH SOLE 34178 0 13870 ORACLE SYS CORP COM 68389X105 215 11897 SH SOLE 11897 0 0 ORRSTOWN FINL SVCS INC COM COM 687380105 4471 192313 SH SOLE 31206 0 161107 ORTHOVITA INC COM COM 68750U102 330 122948 SH SOLE 12180 0 110768 OSI PHARMACEUTICALS INC COM COM 671040103 10822 282848 SH SOLE 204477 0 78371 PARAGON TECHNOLOGIES INC COM COM 69912T108 348 143990 SH SOLE 10840 0 133150 PARKVALE FINL CORP COM COM 701492100 878 79980 SH SOLE 13228 0 66752 PENN NATL GAMING INC COM COM 707569109 2925 121100 SH SOLE 20205 0 100895
EMERALD ADVISERS PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/09
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 569 48012 SH SOLE 7897 0 40115 PENN VIRGINIA CORP COM 707882106 1787 162765 SH SOLE 64527 0 98238 PENNS WOODS BANCORP INC COM COM 708430103 1288 50673 SH SOLE 7031 0 43642 PENNSYLVANIA COMM BANCORP INCO COM 708677109 1291 70176 SH SOLE 11693 0 58483 PENSECO FINL SRVCS CORP COM COM 709570105 375 10700 SH SOLE 1300 0 9400 PEOPLES UNITED FINANCIAL COM 712704105 268 14903 SH SOLE 14005 0 898 PERRIGO CO COM COM 714290103 6634 267167 SH SOLE 184056 0 83111 PFIZER INC COM 717081103 231 16942 SH SOLE 16942 0 0 PHASE FORWARD INC COM COM 71721R406 5171 404265 SH SOLE 284005 0 120260 PHILIP MORRIS INTL INC COM COM 718172109 229 6448 SH SOLE 6448 0 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 808 34068 SH SOLE 34068 0 0 PLAINS EXPLORATION & PROD COCO COM 726505100 394 22890 SH SOLE 21512 0 1378 PMC-SIERRA INC COM COM 69344F106 2684 421330 SH SOLE 302859 0 118471 PNC FINANCIAL CORP COM 693475105 236 8055 SH SOLE 7570 0 485 PPG INDS INC COM COM 693506107 1852 50200 SH SOLE 8400 0 41800 PPL CORP COM COM 69351T106 580 20185 SH SOLE 18970 0 1215 PRICE T ROWE GROUP INC COM COM 74144T108 422 14614 SH SOLE 13734 0 880 PRINCETON NATL BANCORP INC COM COM 742282106 225 16064 SH SOLE 16064 0 0 PRIVATEBANCORP INC COM COM 742962103 3509 242655 SH SOLE 189095 0 53560 PROCTER & GAMBLE COMPANY COM 742718109 340 7217 SH SOLE 7217 0 0 PROSPERITY BANCSHARES INC COM COM 743606105 4027 147244 SH SOLE 113866 0 33378 QNB CORP COM COM 74726N107 284 16400 SH SOLE 1800 0 14600 QUAKER CHEM CORP COM COM 747316107 267 33600 SH SOLE 4780 0 28820 QUALITY SYS INC COM COM 747582104 3054 67493 SH SOLE 48443 0 19050 QUANTA SVCS INC COM COM 74762E102 1036 48300 SH SOLE 45394 0 2906 RANGE RES CORP COM COM 75281A109 557 13544 SH SOLE 12728 0 816 RAYMOND JAMES FINL INC COM COM 754730109 439 22300 SH SOLE 22300 0 0 REGENERON PHARMACEUTICALS COM COM 75886F107 4155 299811 SH SOLE 214485 0 85326 RENAISSANCERE HOLDINGS LTD COM COM G7496G103 227 4600 SH SOLE 4600 0 0 REPUBLIC FIRST BANCORP INC COM COM 760416107 1860 260840 SH SOLE 39955 0 220885 RESMED INC COM COM 761152107 9656 273219 SH SOLE 182519 0 90700 REX ENERGY CORPORATION COM COM 761565100 689 239900 SH SOLE 36505 0 203395 RIVERBED TECHNOLOGY INC COM COM 768573107 1978 151261 SH SOLE 107685 0 43576 ROPER INDS INC NEW COM COM 776696106 467 11008 SH SOLE 10346 0 662 S & T BANCORP INC COM COM 783859101 1445 68147 SH SOLE 14652 0 53495 SAIC INC COM COM 78390X101 532 28517 SH SOLE 26800 0 1717 SBA COMMUNICATIONS CORP CL A COM 78388J106 19169 822695 SH SOLE 583190 0 239505 SEATTLE GENETICS INC COM COM 812578102 3365 341284 SH SOLE 240381 0 100903 SENSIENT TECHNOLOGIES CORP COM 81725T100 1747 74332 SH SOLE 54780 0 19552 SEQUENOM INC COM NEW COM 817337405 6982 490997 SH SOLE 331691 0 159306 SHAW GROUP INC COM COM 820280105 268 9785 SH SOLE 9196 0 589 SIGNATURE BK NEW YORK N Y COM COM 82669G104 949 33614 SH SOLE 27063 0 6551 SMITHTOWN BANCORP INC COM COM 832449102 920 81583 SH SOLE 80393 0 1190 SOLERA HOLDINGS INC COM COM 83421A104 491 19806 SH SOLE 18614 0 1192 SOMESET TR HLDG CO COM COM 835126103 498 31594 SH SOLE 3499 0 28095 SOUTHWEST BANCORP INC OKLA COM COM 844767103 210 22400 SH SOLE 22400 0 0 ST JUDE MED INC COM COM 790849103 308 8472 SH SOLE 7962 0 510 STERICYCLE INC COM COM 858912108 888 18596 SH SOLE 17477 0 1119 STIFEL FINL CORP COM COM 860630102 741 17099 SH SOLE 17099 0 0 SUCCESSFACTORS INC COM 864596101 2973 389682 SH SOLE 271004 0 118678 SUPERIOR ENERGY SVCS INC COM COM 868157108 262 20316 SH SOLE 19093 0 1223
EMERALD ADVISERS PAGE 7 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- SUPERIOR WELL SVCS INC COM COM 86837X105 299 58235 SH SOLE 9795 0 48440 SVB FINL GROUP COM COM 78486Q101 2042 102056 SH SOLE 79860 0 22196 SYBASE INC COM COM 871130100 4184 138124 SH SOLE 97388 0 40736 SYMANTEC CORP COM COM 871503108 304 20325 SH SOLE 19101 0 1224 TAMALPAIS BANCORP COM 87485H103 324 58900 SH SOLE 58900 0 0 TASTY BAKING CO COM COM 876553306 358 83944 SH SOLE 13094 0 70850 TECHNITROL INC COM COM 878555101 104 61000 SH SOLE 5470 0 55530 TELEFLEX INC COM COM 879369106 3033 77594 SH SOLE 12936 0 64658 TETRA TECH INC NEW COM COM 88162G103 4367 214293 SH SOLE 157919 0 56374 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 6595 585730 SH SOLE 433439 0 152291 TF FINL CORP COM COM 872391107 295 16231 SH SOLE 1833 0 14398 THE MOSIAC COMPANY COM 61945A107 567 13503 SH SOLE 12847 0 656 THESTREET COM INC COM COM 88368Q103 1353 686623 SH SOLE 461113 0 225510 THORATEC LABS CORP COM NEW COM 885175307 13895 540871 SH SOLE 381734 0 159137 ULTA SALON COSMETICS & FRAGR COM 90384S303 3331 503113 SH SOLE 355871 0 147242 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 7119 412433 SH SOLE 286758 0 125675 UNDER ARMOUR INC CL A COM 904311107 2830 172235 SH SOLE 124315 0 47920 UNION PAC CORP COM 907818108 245 5963 SH SOLE 5737 0 226 UNITED THERAPEUTICS CORP DELCO COM 91307C102 7805 118104 SH SOLE 80307 0 37797 UNIVERSAL DISPLAY CORP COM COM 91347P105 4252 463707 SH SOLE 293367 0 170340 UNIVEST CORP PA COM COM 915271100 901 51487 SH SOLE 7921 0 43566 URBAN OUTFITTERS INC COM COM 917047102 1086 66328 SH SOLE 13713 0 52615 URSTADT BIDDLE PPTYS INC CL A COM 917286205 266 19800 SH SOLE 19800 0 0 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 2769 127832 SH SOLE 91411 0 36421 VERIZON COMMUNICATIONS COM 92343V104 229 7592 SH SOLE 7592 0 0 VIASAT INC COM COM 92552V100 11865 569884 SH SOLE 373837 0 196047 VIROPHARMA INC COM COM 928241108 762 145204 SH SOLE 24270 0 120934 VIST FINANCIAL CORP COM COM 918255100 827 118137 SH SOLE 19497 0 98640 VISTAPRINT LIMITED SHS COM G93762204 2088 75953 SH SOLE 54177 0 21776 VOLCANO CORPORATION COM COM 928645100 7960 547079 SH SOLE 387861 0 159218 WABTEC CORPORATION COM 929740108 9682 367037 SH SOLE 197685 0 169352 WADDELL & REED FINL INC CL A COM 930059100 258 14300 SH SOLE 14300 0 0 WAL MART STORES INC COM 931142103 603 11572 SH SOLE 11572 0 0 WARNACO GROUP INC CL A NEW COM 934390402 1913 79713 SH SOLE 57758 0 21955 WASHINGTON TR BANCORP INC COM COM 940610108 359 22100 SH SOLE 22100 0 0 WASTE CONNECTIONS INC COM COM 941053100 7769 302292 SH SOLE 214909 0 87383 WATSON WYATT & CO HLDGS CL A COM 942712100 3417 69210 SH SOLE 49340 0 19870 WENDYS/ARBYS GROUP INC COM 950587105 6334 1259318 SH SOLE 902509 0 356809 WESCO INTL INC COM COM 95082P105 1023 56472 SH SOLE 9388 0 47084 WEST MILTON BANCORP INC COM COM 954547105 335 7291 SH SOLE 690 0 6601 WEST PHARMACEUTICAL SVCS INCCO COM 955306105 3031 92368 SH SOLE 15268 0 77100 WESTERN ALLIANCE BANCORP COM 957638109 358 78471 SH SOLE 64531 0 13940 WESTFIELD FINL INC COM COM 96008P104 359 40800 SH SOLE 40800 0 0 WET SEAL INC CL A COM 961840105 8307 2472321 SH SOLE 1767153 0 705168 WHITING PETE CORP NEW COM COM 966387102 5700 220510 SH SOLE 161825 0 58685 WILSHIRE BANCORP INC COM 97186T108 275 53306 SH SOLE 53306 0 0 WPCS INTL INC COM NEW COM 92931L203 523 275035 SH SOLE 43735 0 231300 WVS FINL CORP COM COM 929358109 376 25086 SH SOLE 2758 0 22328 YADKIN VALLEY FINANCIAL CORPOR COM 984314104 189 25356 SH SOLE 25356 0 0 YAMANA GOLD INC COM COM 98462Y100 494 53435 SH SOLE 50218 0 3217 YORK WTR CO COM COM 987184108 6709 542828 SH SOLE 89341 0 453487
EMERALD ADVISERS PAGE 8 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- YUM BRANDS INC COM COM 988498101 353 12846 SH SOLE 12072 0 774
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