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
51Job Inc. ADR com 316827104 606 10,000 SH   SOLE   10,000 0 0
58.com Inc Spon ADR com 31680Q104 1,263 20,000 SH   SOLE   20,000 0 0
AMN Healthcare Svcs com 001744101 5,963 130,490 SH   SOLE   28,150 0 102,340
AXT Inc com 00246W103 3,008 328,730 SH   SOLE   320,600 0 8,130
Addus Homecare Corp. com 006739106 1,158 32,800 SH   SOLE   32,800 0 0
Aegion Corp. com 00770f104 320 13,765 SH   SOLE   0 0 13,765
Alarm Com Hldgs, Inc. com 011642105 5,319 117,740 SH   SOLE   16,360 0 101,380
Alibaba ADR com 01609W102 6,457 37,385 SH   SOLE   34,130 0 3,255
Almost Family, Inc. com 020409108 779 14,500 SH   SOLE   14,500 0 0
American Power Corp com 02906t107 0 10,000 SH   SOLE   0 0 10,000
Amgen, Inc. com 031162100 354 1,896 SH   SOLE   0 0 1,896
Apple, Inc. com 037833100 556 3,605 SH   SOLE   140 0 3,465
Associated Banc-Corp com 045487105 358 14,760 SH   SOLE   0 0 14,760
Asure Software, Inc. com 04649U102 1,023 82,381 SH   SOLE   82,381 0 0
Autohome, Inc. ADR com 05278c107 901 15,000 SH   SOLE   15,000 0 0
Avatar Ventures com 05350B100 0 10,000 SH   SOLE   0 0 10,000
Axogen Inc. com 05463X106 308 15,900 SH   SOLE   15,900 0 0
Baidu Inc. Spon ADR com 056752108 1,585 6,400 SH   SOLE   6,000 0 400
Bank of New York Mellon Corp. com 064058100 256 4,833 SH   SOLE   0 0 4,833
Baozun Inc. Spon ADR com 06684L103 1,969 60,100 SH   SOLE   60,100 0 0
Bemis Inc. com 081437105 233 5,120 SH   SOLE   0 0 5,120
Berkshire Hills Bancorp, Inc. com 084680107 243 6,260 SH   SOLE   0 0 6,260
Biocryst Pharmaceuticals, Inc. com 09058V103 90 17,100 SH   SOLE   17,100 0 0
Biotelemetry, Inc. com 090672106 475 14,400 SH   SOLE   14,400 0 0
Bitauto ADR com 091727107 1,340 30,000 SH   SOLE   30,000 0 0
Blucora, Inc. com 095229100 2,439 96,390 SH   SOLE   95,500 0 890
Blueprint Medicines Corp. com 09627Y109 460 6,600 SH   SOLE   6,600 0 0
Brink's Co. com 109696104 794 9,420 SH   SOLE   9,000 0 420
Bruker Corporation com 116794108 248 8,350 SH   SOLE   0 0 8,350
Burlington Stores, Inc. com 122017106 8,071 84,545 SH   SOLE   20,730 0 63,815
CPI Aerostructures, Inc. com 125919308 374 40,000 SH   SOLE   40,000 0 0
CTRIP Com Int'l Ltd ADR com 22943F100 2,224 42,160 SH   SOLE   41,800 0 360
CVD Equipment Corp. com 126601103 220 20,000 SH   SOLE   20,000 0 0
Cai International, Inc. com 12477X106 2,156 71,100 SH   SOLE   71,100 0 0
Callidus Software Inc. com 13123E500 6,002 243,469 SH   SOLE   52,990 0 190,479
Callon Petroleum Corp. com 13123X102 2,740 243,760 SH   SOLE   41,810 0 201,950
Carbonite, Inc. com 141337105 7,812 355,090 SH   SOLE   141,510 0 213,580
Care Com, Inc. com 141633107 1,347 84,800 SH   SOLE   84,800 0 0
Career Education Corp. com 141665109 1,634 157,300 SH   SOLE   157,300 0 0
Cavium, Inc. com 14964U108 5,517 83,670 SH   SOLE   12,900 0 70,770
Cedar Realty Trust, Inc. com 150602209 142 25,300 SH   SOLE   0 0 25,300
Centerstate Bank Corp. com 15201P109 5,655 211,000 SH   SOLE   46,800 0 164,200
Central FD CDA CL A com 153501101 150 11,800 SH   SOLE   0 0 11,800
Central Garden & Pet Co. com 153527106 1,154 29,700 SH   SOLE   29,700 0 0
Century Communities, Inc. com 156504300 884 35,800 SH   SOLE   35,800 0 0
Ceva Inc. com 157210105 9,945 232,355 SH   SOLE   65,280 0 167,075
Children's Place com 168905107 9,984 84,503 SH   SOLE   15,512 0 68,990
China Lodging Group-Spon ADS com 16949N109 2,971 25,000 SH   SOLE   25,000 0 0
City Hldg Co. com 177835105 791 11,000 SH   SOLE   11,000 0 0
Coherent, Inc com 192479103 8,965 38,121 SH   SOLE   11,531 0 26,590
Columbus McKinnon Corp. NY com 199333105 1,503 39,700 SH   SOLE   39,700 0 0
Control 4 Corp com 21240D107 1,396 47,400 SH   SOLE   47,400 0 0
Cooper Std Hldgs Inc. com 21676P103 4,497 38,781 SH   SOLE   7,440 0 31,341
Cousins Properties com 222795106 118 12,603 SH   SOLE   0 0 12,603
Craft Brew Alliance, Inc. com 224122101 1,009 57,500 SH   SOLE   57,500 0 0
Customers Bancorp, Inc. com 23204G100 1,452 44,510 SH   SOLE   40,700 0 3,810
Cutera Inc com 232109108 1,873 45,300 SH   SOLE   45,300 0 0
Datawatch Corp. com 237917208 1,137 98,400 SH   SOLE   98,400 0 0
Del Taco Restaurants Inc. com 245496104 534 34,800 SH   SOLE   34,800 0 0
Diamondback Energy Inc. com 25278X109 5,226 53,345 SH   SOLE   12,250 0 41,095
Dynex Capital, Inc. com 26817q506 88 12,135 SH   SOLE   0 0 12,135
Eagle Bancorp, Inc. com 268948106 8,248 123,008 SH   SOLE   21,540 0 101,468
Eldorado Resorts, Inc. com 28470R102 3,988 155,480 SH   SOLE   33,590 0 121,890
Electro Scientific Industries com 285229100 756 54,300 SH   SOLE   54,300 0 0
Emcore Corp. com 290846203 994 121,200 SH   SOLE   121,200 0 0
Enterprise Finl Svcs com 293712105 792 18,700 SH   SOLE   18,700 0 0
Extreme Networks, Inc. com 30226D106 8,631 725,880 SH   SOLE   301,740 0 424,140
Ferro Corp. com 315405100 1,628 73,000 SH   SOLE   73,000 0 0
Fireeye,Inc. com 31816Q101 235 14,010 SH   SOLE   9,500 0 4,510
First American Corporation com 31847R102 349 6,990 SH   SOLE   3,400 0 3,590
First Commonwealth Financial C com 319829107 299 21,180 SH   SOLE   0 0 21,180
First Internet Bancorp com 320557101 732 22,650 SH   SOLE   20,700 0 1,950
Form Holdings Corp. com 34634E102 431 310,000 SH   SOLE   310,000 0 0
FreightCar America, Inc. com 357023100 1,203 61,500 SH   SOLE   61,500 0 0
Harsco Corp. com 415864107 1,601 76,600 SH   SOLE   76,600 0 0
HealthEquity Inc. com 42226A107 3,512 69,440 SH   SOLE   14,840 0 54,600
Heritage Crystal Clean, Inc. com 42726M106 724 33,300 SH   SOLE   33,300 0 0
Hersha Hospitality Trust com 427825500 218 11,695 SH   SOLE   0 0 11,695
Hooker Furniture Corp com 439038100 1,203 25,200 SH   SOLE   25,200 0 0
Horizon Global Corp. com 44052W104 1,222 69,300 SH   SOLE   69,300 0 0
Hudson Technologies com 444144109 1,674 214,400 SH   SOLE   214,400 0 0
Hyster-Yale Materials com 449172105 232 3,033 SH   SOLE   1,513 0 1,520
INPHI Corp. com 45772F107 373 9,400 SH   SOLE   9,400 0 0
Infinera Corporation com 45667G103 149 16,840 SH   SOLE   0 0 16,840
Innoveda, Inc. com 45781D101 172 10,110 SH   SOLE   0 0 10,110
Inogen, Inc. com 45780L104 5,556 58,420 SH   SOLE   9,770 0 48,650
Insmed Incorporated com 457669307 259 8,300 SH   SOLE   8,300 0 0
Intel Corporation com 458140100 363 9,543 SH   SOLE   510 0 9,033
Itron Inc com 465741106 7,135 92,125 SH   SOLE   11,130 0 80,995
JD.com ADR com 47215P106 1,538 40,250 SH   SOLE   40,000 0 250
JP Morgan Chase & Company Inc. com 46625H100 500 5,236 SH   SOLE   140 0 5,096
Johnson & Johnson com 478160104 379 2,913 SH   SOLE   0 0 2,913
Kadant Inc. com 48282T104 1,281 13,000 SH   SOLE   13,000 0 0
LHC Group, Inc. com 50187A107 6,349 89,520 SH   SOLE   28,130 0 61,390
Lantheus Hldgs Inc. com 516544103 1,253 70,400 SH   SOLE   70,400 0 0
Ligand Pharmaceuticals com 53220K504 7,012 51,502 SH   SOLE   15,860 0 35,642
Limelight Networks, Inc. com 53261M104 626 157,600 SH   SOLE   157,600 0 0
Logmein, Inc. com 54142L109 11,893 108,067 SH   SOLE   25,964 0 82,103
Lumentum Hldgs, Inc. com 55024U109 4,024 74,046 SH   SOLE   13,960 0 60,086
MCBC Holdings Inc com 55276F107 522 25,600 SH   SOLE   25,600 0 0
Malibu Boats, Inc. com 56117J100 1,674 52,900 SH   SOLE   52,900 0 0
Manitex International, Inc. com 563420108 1,275 142,000 SH   SOLE   142,000 0 0
Mastercard, Inc. com 57636Q104 303 2,149 SH   SOLE   0 0 2,149
Matson, Inc. com 57686g105 273 9,690 SH   SOLE   0 0 9,690
Meritor, Inc. com 59001K100 916 35,200 SH   SOLE   35,200 0 0
Microsoft Corp. com 594918104 379 5,090 SH   SOLE   0 0 5,090
Modine Mfg Co Com com 607828100 932 48,400 SH   SOLE   48,400 0 0
Momo, Inc. ADR com 60879B107 1,906 60,830 SH   SOLE   60,100 0 730
Monolithic Pwr Sys com 609839105 6,807 63,888 SH   SOLE   12,533 0 51,355
Monster Beverage Corp. com 61174X109 514 9,300 SH   SOLE   0 0 9,300
Netease.Com, Inc. ADR com 64110W102 1,011 3,831 SH   SOLE   3,401 0 430
New Oriental Education ADR com 647581107 4,778 54,130 SH   SOLE   53,200 0 930
Newmont Mining com 651639106 234 6,236 SH   SOLE   400 0 5,836
Nutrisystem Inc com 67069D108 1,034 18,500 SH   SOLE   18,500 0 0
Old National Bancorp com 680033107 385 21,055 SH   SOLE   0 0 21,055
Orasure Technologies com 68554V108 10,632 472,540 SH   SOLE   130,920 0 341,620
Oshkosh Corp. com 688239201 5,519 66,863 SH   SOLE   7,510 0 59,353
Osi Systems, Inc. com 671044105 1,352 14,800 SH   SOLE   14,800 0 0
Pacific Premier Bancorp, Inc. com 69478X105 5,755 152,450 SH   SOLE   49,650 0 102,800
Patrick Industries, Inc. com 703343103 6,833 81,250 SH   SOLE   26,770 0 54,480
Perceptron Inc. com 71361F100 255 32,300 SH   SOLE   32,300 0 0
Progress Software Corp. com 743312100 365 9,560 SH   SOLE   0 0 9,560
QCR Holdings Inc. com 74727A104 869 19,100 SH   SOLE   19,100 0 0
RYB Education Inc ADR com 74979W101 1,425 50,000 SH   SOLE   50,000 0 0
Radiant Logistics, Inc. com 75025x100 449 84,585 SH   SOLE   84,585 0 0
Rayonier Advanced Materials, I com 75508B104 511 37,266 SH   SOLE   37,200 0 66
Regis Corp. Minn com 758932107 798 55,900 SH   SOLE   55,900 0 0
Ring Energy, Inc. com 76680v108 959 66,150 SH   SOLE   62,900 0 3,250
Rocky Brands, Inc. com 774515100 523 39,000 SH   SOLE   39,000 0 0
Rogers Corp. com 775133101 13,984 104,925 SH   SOLE   33,790 0 71,135
Rosetta Stone, Inc. com 777780107 905 88,600 SH   SOLE   88,600 0 0
Ryman Hospitality Pptys. Inc. com 78377t107 260 4,165 SH   SOLE   0 0 4,165
Semtech Corp. com 816850101 4,788 127,510 SH   SOLE   4,080 0 123,430
Silicon Laboratories, Inc. com 826919102 4,421 55,335 SH   SOLE   9,000 0 46,335
Sina Corp. ADR com G81477104 1,783 15,550 SH   SOLE   15,000 0 550
Skywest Inc com 830879102 2,256 51,400 SH   SOLE   51,400 0 0
Sohu.Com, Inc. com 83408W103 545 10,000 SH   SOLE   10,000 0 0
Spartan Motors, Inc. com 846819100 1,583 143,300 SH   SOLE   143,300 0 0
Stoneridge, Inc. com 86183P102 634 32,000 SH   SOLE   32,000 0 0
Superior Energy Svcs com 868157108 178 16,675 SH   SOLE   0 0 16,675
Tactile Sys Technology, Inc. com 87357P100 8,079 261,020 SH   SOLE   98,790 0 162,230
Tal Education Group ADR com 874080104 12,441 369,067 SH   SOLE   181,566 0 187,501
The Travelers Co., Inc. com 89417E109 399 3,254 SH   SOLE   0 0 3,254
Tital Oil & Gas, Inc. com 888309101 0 10,000 SH   SOLE   0 0 10,000
Tivity Health Inc com 88870R102 1,506 36,900 SH   SOLE   36,900 0 0
Tivo corp. com 88870P106 1,092 55,037 SH   SOLE   35,100 0 19,937
Triumph Group, Inc. com 896818101 301 10,130 SH   SOLE   0 0 10,130
USA Technologies Inc com 90328S500 1,379 220,600 SH   SOLE   220,600 0 0
Unifi Inc. com 904677200 203 5,710 SH   SOLE   0 0 5,710
Union First Market Bankshares com 90539j109 550 15,590 SH   SOLE   0 0 15,590
United Financial Bancorp, Inc. com 910304104 1,055 57,700 SH   SOLE   57,700 0 0
Vanda Pharmaceuticals, Inc. com 921659108 190 10,600 SH   SOLE   10,600 0 0
Varonis Sys, Inc. com 922280102 3,293 78,600 SH   SOLE   78,600 0 0
Vishay Intertechnology com 928298108 191 10,140 SH   SOLE   0 0 10,140
Vishay Precision Group com 92835K103 732 30,000 SH   SOLE   30,000 0 0
Visteon Corp. com 92839U206 4,204 33,970 SH   SOLE   1,350 0 32,620
Vocera Communications, Inc. com 92857F107 765 24,400 SH   SOLE   24,400 0 0
Vonage Hldgs Corp com 92886T201 114 14,000 SH   SOLE   14,000 0 0
Wal Mart Stores Inc. com 931142103 219 2,807 SH   SOLE   140 0 2,667
Walker & Dunlop, Inc. com 93148P102 471 9,000 SH   SOLE   9,000 0 0
Weibo Corp. Spon ADR com 948596101 2,558 25,855 SH   SOLE   25,800 0 55
Willdan Group Inc. com 96924N100 268 8,257 SH   SOLE   8,257 0 0
Williams-Sonoma, Inc. com 969904101 234 4,690 SH   SOLE   0 0 4,690
Xenacare Hldgs, Inc. com 98401A106 0 140,000 SH   SOLE   0 0 140,000
Xencor, Inc. com 98401F105 231 10,100 SH   SOLE   10,100 0 0
YY ADR com 98426T106 1,215 14,000 SH   SOLE   14,000 0 0
ZTO Express ADR com 98980A105 167 11,890 SH   SOLE   7,050 0 4,840
Zix Corp. com 98974P100 489 100,000 SH   SOLE   100,000 0 0
SPDR S&P 500 ETF Trust com 78462F103 2,842 11,313 SH   SOLE   7,600 0 3,713