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
A E S Corp COM 00130H105 237 24,213 SH   SOLE 0 24,213 0 0
ACI Worldwide, Inc COM 004498101 3,473 164,450 SH   SOLE 0 164,450 0 0
Acco Brands Corp COM 00081T108 1,539 217,612 SH   SOLE 0 217,612 0 0
Albemarle Corp COM 012653101 379 8,600 SH   SOLE 0 8,600 0 0
Amag Pharma Inc COM 00163U106 4,308 108,423 SH   SOLE 0 108,423 0 0
Amern Superconductor Cp COM 030111207 132 30,465 SH   SOLE 0 30,465 0 0
Amtech Systems, Inc. COM 032332504 937 217,861 SH   SOLE 0 217,861 0 0
Analogic Corp COM 032657207 4,308 52,510 SH   SOLE 0 52,510 0 0
Ariad Pharmaceuticals Inc COM 04033a100 3,386 579,719 SH   SOLE 0 579,719 0 0
Arrow Electronics COM 042735100 1,543 27,905 SH   SOLE 0 27,905 0 0
Ascent Capital Group COM 043632108 1,411 51,520 SH   SOLE 0 51,520 0 0
Ashford Hospitality Prime, Inc COM 044102101 881 62,797 SH   SOLE 0 62,797 0 0
Ashford Hospitality Tr Reit COM 044103109 1,118 183,325 SH   SOLE 0 183,325 0 0
Azz Inc. COM 002474104 1,187 24,380 SH   SOLE 0 24,380 0 0
BNC Bancorp COM 05566t101 463 20,835 SH   SOLE 0 20,835 0 0
Bancorpsouth Inc COM 059692103 3,168 133,282 SH   SOLE 0 133,282 0 0
Bank Of America Corp COM 060505104 185 11,887 SH   SOLE 0 11,887 0 0
Barnes Group Inc COM 067806109 1,266 35,105 SH   SOLE 0 35,105 0 0
Barrett Business Services Inc. COM 068463108 2,925 68,135 SH   SOLE 0 68,135 0 0
Beacon Roofing Supply COM 073685109 3,152 97,018 SH   SOLE 0 97,018 0 0
Belden Inc COM 077454106 808 17,311 SH   SOLE 0 17,311 0 0
Berkshire Hath Cl B COM 084670702 263 2,019 SH   SOLE 0 2,019 0 0
Berkshire Hills Bancorp COM 084680107 2,320 84,252 SH   SOLE 0 84,252 0 0
Boston Private Finl Hldg COM 101119105 2,604 222,573 SH   SOLE 0 222,573 0 0
Briggs & Stratton Corp. COM 109043109 2,817 145,875 SH   SOLE 0 145,875 0 0
Bristol-Myers Squibb Co COM 110122108 514 8,680 SH   SOLE 0 8,680 0 0
Brocade Communs Sys New COM 111621306 1,126 108,524 SH   SOLE 0 108,524 0 0
Bryn Mawr Bank Corporation COM 117665109 452 14,550 SH   SOLE 0 14,550 0 0
C A C I Inc Cl A COM 127190304 1,040 14,055 SH   SOLE 0 14,055 0 0
C S G Systems Intl Inc COM 126349109 4,417 143,418 SH   SOLE 0 143,418 0 0
Cabot Corp COM 127055101 2,708 85,805 SH   SOLE 0 85,805 0 0
Callaway Golf COM 131193104 1,564 187,299 SH   SOLE 0 187,299 0 0
Callon Petroleum Co COM 13123X102 175 24,070 SH   SOLE 0 24,070 0 0
Cardiovascular Systems Inc. COM 141619106 3,310 208,946 SH   SOLE 0 208,946 0 0
Carrizo Oil & Gas Inc COM 144577103 1,836 60,106 SH   SOLE 0 60,106 0 0
Carters Inc COM 146229109 3,074 33,912 SH   SOLE 0 33,912 0 0
Castle A M & Co COM 148411101 90 40,490 SH   SOLE 0 40,490 0 0
Chemtura Corp COM 163893209 251 8,770 SH   SOLE 0 8,770 0 0
Chico's FAS, Inc. COM 168615102 187 11,900 SH   SOLE 0 11,900 0 0
Cisco Systems Inc COM 17275R102 364 13,856 SH   SOLE 0 13,856 0 0
Columbia Banking Systems COM 197236102 4,611 147,748 SH   SOLE 0 147,748 0 0
Commercial Vehicle Group COM 202608105 907 225,065 SH   SOLE 0 225,065 0 0
Conagra Inc COM 205887102 259 6,400 SH   SOLE 0 6,400 0 0
Cpi Aerostructures New COM 125919308 893 101,418 SH   SOLE 0 101,418 0 0
Crocs Inc. COM 227046109 2,442 188,959 SH   SOLE 0 188,959 0 0
Cvs Health Corporation COM 126650100 334 3,464 SH   SOLE 0 3,464 0 0
Cytokinetics Inc COM 23282W605 2,282 341,116 SH   SOLE 0 341,116 0 0
Darling Ingredients, Inc. COM 237266101 2,858 254,279 SH   SOLE 0 254,279 0 0
Del Frisco's Restaurant Group COM 245077102 898 64,625 SH   SOLE 0 64,625 0 0
Denbury Res Inc New COM 247916208 31 12,569 SH   SOLE 0 12,569 0 0
Diana Shipping Inc F COM Y2066G104 731 112,823 SH   SOLE 0 112,823 0 0
Dr. Pepper Snapple Group COM 26138e109 377 4,770 SH   SOLE 0 4,770 0 0
Durect Corp COM 266605104 3,732 1,913,769 SH   SOLE 0 1,913,769 0 0
Dycom Industries Inc COM 267475101 5,359 74,058 SH   SOLE 0 74,058 0 0
Esterline Corp. COM 297425100 646 8,980 SH   SOLE 0 8,980 0 0
Extreme Networks Inc. COM 30226d106 2,992 890,389 SH   SOLE 0 890,389 0 0
Exxon Mobil Corporation COM 30231G102 936 12,591 SH   SOLE 0 12,591 0 0
Ferro Corp COM 315405100 4,512 412,092 SH   SOLE 0 412,092 0 0
Finisar COM 31787A507 1,174 105,484 SH   SOLE 0 105,484 0 0
First BanCorp (Puerto Rico) COM 318672706 768 215,607 SH   SOLE 0 215,607 0 0
First Niagara Finl New COM 33582V108 2,997 293,573 SH   SOLE 0 293,573 0 0
Flexsteel Industries COM 339382103 403 12,900 SH   SOLE 0 12,900 0 0
Francesca's Holdings Corp COM 351793104 1,091 89,190 SH   SOLE 0 89,190 0 0
Freightcar America Inc COM 357023100 1,128 65,752 SH   SOLE 0 65,752 0 0
GameStop Corp. Cl A COM 36467w109 1,405 34,100 SH   SOLE 0 34,100 0 0
General Electric Company COM 369604103 829 32,857 SH   SOLE 0 32,857 0 0
Goodyear Tire & Rubber COM 382550101 577 19,689 SH   SOLE 0 19,689 0 0
Granite Construction COM 387328107 328 11,050 SH   SOLE 0 11,050 0 0
Griffon Corp COM 398433102 841 53,335 SH   SOLE 0 53,335 0 0
Group 1 Automotive COM 398905109 2,010 23,600 SH   SOLE 0 23,600 0 0
Hancock Holding Co COM 410120109 806 29,794 SH   SOLE 0 29,794 0 0
Hanover Insurance Group COM 410867105 4,391 56,516 SH   SOLE 0 56,516 0 0
Hewlett-Packard Company COM 428236103 737 28,770 SH   SOLE 0 28,770 0 0
Hornbeck Offshore Services, In COM 440543106 422 31,165 SH   SOLE 0 31,165 0 0
Horsehead Holding COM 440694305 626 206,066 SH   SOLE 0 206,066 0 0
Hudson Highland Group COM 443787106 426 171,128 SH   SOLE 0 171,128 0 0
Intel Corp COM 458140100 495 16,433 SH   SOLE 0 16,433 0 0
Intl Business Machines COM 459200101 1,193 8,226 SH   SOLE 0 8,226 0 0
Invacare Corp. COM 461203101 428 29,590 SH   SOLE 0 29,590 0 0
Johnson & Johnson COM 478160104 388 4,152 SH   SOLE 0 4,152 0 0
Jpmorgan Chase & Co COM 46625H100 251 4,118 SH   SOLE 0 4,118 0 0
KMG Chemicals COM 482564101 528 27,350 SH   SOLE 0 27,350 0 0
Key Energy Sevices COM 492914106 93 197,880 SH   SOLE 0 197,880 0 0
Kona Grill Inc COM 50047H201 2,988 189,687 SH   SOLE 0 189,687 0 0
Koppers Holdings Inc. COM 50060p106 1,056 52,365 SH   SOLE 0 52,365 0 0
Kraton Performance Polymers In COM 50077c106 3,098 173,089 SH   SOLE 0 173,089 0 0
Kulicke & Soffa Industries, In COM 501242101 966 105,229 SH   SOLE 0 105,229 0 0
Limelight Networks Inc COM 53261M104 931 487,577 SH   SOLE 0 487,577 0 0
MYR Group COM 55405w104 213 8,125 SH   SOLE 0 8,125 0 0
Manitex International COM 563420108 625 111,133 SH   SOLE 0 111,133 0 0
Manitowoc Inc. COM 563571108 631 42,090 SH   SOLE 0 42,090 0 0
Markel Corp. COM 570535104 220 274 SH   SOLE 0 274 0 0
Mattersight COM 577097108 3,602 467,198 SH   SOLE 0 467,198 0 0
Maxwell Technologies Inc COM 577767106 1,396 257,595 SH   SOLE 0 257,595 0 0
Mb Financial Bank COM 55264u108 586 17,950 SH   SOLE 0 17,950 0 0
Mccormick & Co Inc Com Non Vtg COM 579780206 213 2,593 SH   SOLE 0 2,593 0 0
Mckesson Corporation COM 58155Q103 1,219 6,588 SH   SOLE 0 6,588 0 0
Mentor Graphics Corp COM 587200106 4,437 180,135 SH   SOLE 0 180,135 0 0
Merck & Co Inc New COM 58933y105 272 5,499 SH   SOLE 0 5,499 0 0
Mercury Systems COM 589378108 5,053 317,597 SH   SOLE 0 317,597 0 0
Methode Electronics Inc. COM 591520200 4,644 145,582 SH   SOLE 0 145,582 0 0
Moduslink Global Sol Inc COM 60786l206 395 137,968 SH   SOLE 0 137,968 0 0
N C R Corp New COM 62886e108 1,254 55,115 SH   SOLE 0 55,115 0 0
Nautilus Inc COM 63910B102 3,270 217,995 SH   SOLE 0 217,995 0 0
Newpark Resources Inc COM 651718504 1,393 272,145 SH   SOLE 0 272,145 0 0
Northfield Bancorp COM 66611t108 1,980 130,165 SH   SOLE 0 130,165 0 0
Old Republic Intl Corp COM 680223104 2,476 158,314 SH   SOLE 0 158,314 0 0
Patterson- UTI Energy Inc. COM 703481101 1,053 80,130 SH   SOLE 0 80,130 0 0
Pegasystems Inc COM 705573103 6,352 258,091 SH   SOLE 0 258,091 0 0
Pepsico Incorporated COM 713448108 384 4,075 SH   SOLE 0 4,075 0 0
Perficient Inc COM 71375U101 4,306 279,065 SH   SOLE 0 279,065 0 0
Pfizer Incorporated COM 717081103 497 15,821 SH   SOLE 0 15,821 0 0
Progress Software Corp COM 743312100 3,129 121,150 SH   SOLE 0 121,150 0 0
Progressive Corp Ohio COM 743315103 374 12,215 SH   SOLE 0 12,215 0 0
Qorvo Inc. COM 74736k101 423 9,392 SH   SOLE 0 9,392 0 0
Rex Energy Corp COM 761565100 720 347,639 SH   SOLE 0 347,639 0 0
Rubicon Project, Inc. COM 78112v102 1,139 78,410 SH   SOLE 0 78,410 0 0
Shoe Carnival Inc COM 824889109 4,101 172,329 SH   SOLE 0 172,329 0 0
ShoreTel COM 825211105 3,652 488,906 SH   SOLE 0 488,906 0 0
Sm Energy Company COM 78454l100 577 18,005 SH   SOLE 0 18,005 0 0
Soadastream International COM M9068E105 1,451 105,434 SH   SOLE 0 105,434 0 0
Sonus Networks Inc COM 835916503 1,457 254,802 SH   SOLE 0 254,802 0 0
Southwest Bancorp Okla COM 844767103 1,746 106,379 SH   SOLE 0 106,379 0 0
Spectrum Pharmaceuticals Inc. COM 84763a108 594 99,348 SH   SOLE 0 99,348 0 0
Spirit Airlines Inc. COM 848577102 5,514 116,565 SH   SOLE 0 116,565 0 0
Stancorp Finl Group Inc COM 852891100 5,818 50,943 SH   SOLE 0 50,943 0 0
Steel Dynamics Inc COM 858119100 751 43,730 SH   SOLE 0 43,730 0 0
Steven Madden Ltd COM 556269108 5,528 150,956 SH   SOLE 0 150,956 0 0
Strat Diagnostics Inc COM 862700101 126 125,762 SH   SOLE 0 125,762 0 0
Sunopta Inc F COM 8676EP108 2,346 482,623 SH   SOLE 0 482,623 0 0
Super Micro Computer, Inc COM 86800u104 1,135 41,650 SH   SOLE 0 41,650 0 0
Synta Pharmaceuticals COM 87162t206 752 432,259 SH   SOLE 0 432,259 0 0
Sypris Solutions Inc COM 871655106 319 263,675 SH   SOLE 0 263,675 0 0
TRI Pointe Group, Inc. COM 87265h109 2,598 198,505 SH   SOLE 0 198,505 0 0
Teleflex Incorporated COM 879369106 5,234 42,140 SH   SOLE 0 42,140 0 0
Teletech Holdings Inc COM 879939106 3,888 145,127 SH   SOLE 0 145,127 0 0
Tempur Sealy International Inc COM 88023U101 4,722 66,105 SH   SOLE 0 66,105 0 0
Tennant Co COM 880345103 2,918 51,944 SH   SOLE 0 51,944 0 0
Terex Corp COM 880779103 2,359 131,501 SH   SOLE 0 131,501 0 0
TriCo Bancshares COM 896095106 2,924 119,016 SH   SOLE 0 119,016 0 0
Triangle Petroleum Corp. COM 89600b201 845 595,124 SH   SOLE 0 595,124 0 0
Ttm Technologies Inc COM 87305r109 569 91,315 SH   SOLE 0 91,315 0 0
Tutor Perini Corp COM 901109108 2,468 149,910 SH   SOLE 0 149,910 0 0
U S Physical Therapy COM 90337L108 4,865 108,381 SH   SOLE 0 108,381 0 0
Ultratech COM 904034105 2,365 147,633 SH   SOLE 0 147,633 0 0
United Financial Bancorp COM 910304104 2,411 184,749 SH   SOLE 0 184,749 0 0
Universal Forest Product COM 913543104 1,387 24,055 SH   SOLE 0 24,055 0 0
Vicor Corp COM 925815102 2,195 215,197 SH   SOLE 0 215,197 0 0
Watts Water Tech Inc A Class A COM 942749102 3,154 59,704 SH   SOLE 0 59,704 0 0
Wausau Paper Corp COM 943315101 1,457 227,691 SH   SOLE 0 227,691 0 0
Wells Fargo & Co New COM 949746101 241 4,689 SH   SOLE 0 4,689 0 0
Western Digital Corp COM 958102105 756 9,515 SH   SOLE 0 9,515 0 0
Whole Foods Market Inc COM 966837106 349 11,042 SH   SOLE 0 11,042 0 0
Xcerra Corp COM 98400j108 2,254 358,971 SH   SOLE 0 358,971 0 0
Fidelity Conservative Income B OOO 316146539 151 15,083 SH   SOLE 0 15,083 0 0