0001144204-13-003561.txt : 20130123 0001144204-13-003561.hdr.sgml : 20130123 20130123105445 ACCESSION NUMBER: 0001144204-13-003561 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130123 DATE AS OF CHANGE: 20130123 EFFECTIVENESS DATE: 20130123 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: 13541890 BUSINESS ADDRESS: STREET 1: 1857 WILLIAM PENN WAY STREET 2: SUITE 203 CITY: LANCASTER STATE: PA ZIP: 17601 BUSINESS PHONE: 7173961116 13F-HR 1 v332791_13fhr.txt QUARTERLY HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2012 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 January 23, 2013 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: 318 FORM 13F INFORMATION TABLE VALUE TOTAL: $1,453,154 (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 PAGE 1 EMERALD ADVISERS FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12
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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M COMPANY COM COM 88579Y101 321 3458 SH SOLE 3458 0 0 3-D SYS CORP DEL COM NEW COM 88554D205 4217 79038 SH SOLE 61667 0 17371 A T & T INC (NEW) COM 00206R102 345 10237 SH SOLE 10237 0 0 ABAXIS INC COM COM 002567105 6380 171967 SH SOLE 134912 0 37055 ABBOTT LABS COM 002824100 370 5644 SH SOLE 5644 0 0 ACADIA HEALTHCARE COMPANY INCO COM 00404A109 18442 789799 SH SOLE 609264 0 180535 ACHILLION PHARMACEUTICALS INCO COM 00448Q201 5911 737892 SH SOLE 589896 0 147996 AFFILIATED MANAGERS GROUP INCO COM 008252108 2944 22617 SH SOLE 21035 0 1582 AFLAC INC COM COM 001055102 220 4137 SH SOLE 4137 0 0 AIRGAS INC COM COM 009363102 12411 135950 SH SOLE 11160 0 124790 AKORN INC COM COM 009728106 17487 1308918 SH SOLE 967429 0 341489 ALBEMARLE CORP COM COM 012653101 1332 21435 SH SOLE 20086 0 1349 ALEXION PHARMACEUTICALS INC CO COM 015351109 1571 16758 SH SOLE 15700 0 1058 ALLIANCE DATA SYS CORP COM COM 018581108 1447 9996 SH SOLE 9292 0 704 ALLIED NEVADA GOLD CORP COM COM 019344100 10982 364489 SH SOLE 226200 0 138289 ALNYLAM PHARMACEUTICALS INC CO COM 02043Q107 10357 567481 SH SOLE 406716 0 160765 ALPHA NATURAL RESOURCES INC CO COM 02076X102 550 56435 SH SOLE 52996 0 3439 ALTRIA GROUP INC COM COM 02209S103 252 8008 SH SOLE 8008 0 0 AMARIN CORP PLC SPONS ADR NEW COM 023111206 625 77280 SH SOLE 72387 0 4893 AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 7544 367828 SH SOLE 30200 0 337628 AMERICAN EXPRESS CO COM 025816109 373 6485 SH SOLE 6485 0 0 AMERICAN INTERNATIONAL GROUP I COM 026874784 628 17796 SH SOLE 17796 0 0 AMERISOURCEBERGEN CORP COM COM 03073E105 1857 43008 SH SOLE 3531 0 39477 AMETEK INC NEW COM COM 031100100 9389 249907 SH SOLE 39289 0 210618 AMGEN INC COM COM 031162100 246 2852 SH SOLE 2852 0 0 AMPHENOL CORP NEW CL A COM 032095101 696 10765 SH SOLE 10086 0 679 ANACOR PHARMACEUTICALS INC COM COM 032420101 1815 349001 SH SOLE 272554 0 76447 ANSYS INC COM COM 03662Q105 11625 172631 SH SOLE 14694 0 157937 APACHE CORP COM COM 037411105 262 3343 SH SOLE 3343 0 0 APOGEE ENTERPRISES INC COM COM 037598109 8149 339952 SH SOLE 269583 0 70369 APPLE COMPUTER INC COM 037833100 3123 5869 SH SOLE 5869 0 0 AQUA AMERICA INC COM 03836W103 4699 184847 SH SOLE 15246 0 169601 ARMSTRONG WORLD INDS INC NEWCO COM 04247X102 7229 142490 SH SOLE 11730 0 130760 ARUBA NETWORKS INC COM COM 043176106 18506 892280 SH SOLE 659011 0 233269 AUXILIUM PHARMACEUTICALS INCCO COM 05334D107 2493 134470 SH SOLE 11066 0 123404 AXIS CAPITAL HOLDINGS SHS COM G0692U109 1112 32088 SH SOLE 29828 0 2260 BANK OF AMER CORP COM COM 060505104 437 37649 SH SOLE 37649 0 0 BANK OF THE OZARKS INC COM COM 063904106 17333 517856 SH SOLE 412449 0 105407 BEACON ROOFING SUPPLY INC COM COM 073685109 710 21347 SH SOLE 19843 0 1504 BERKSHIRE HATHAWAY INC DEL CL COM 084670702 1018 11354 SH SOLE 11354 0 0 BIOSCRIPT INC COM COM 09069N108 10401 965708 SH SOLE 759108 0 206600 BJ'S RESTAURANT INC COM 09180C106 9848 299330 SH SOLE 205913 0 93417 BLACK DIAMOND INC COM 09202G101 5350 652495 SH SOLE 510902 0 141593 BODY CENTRAL CORP COM 09689U102 5079 508934 SH SOLE 395866 0 113068 BOEING CO COM COM 097023105 292 3880 SH SOLE 3880 0 0 BON-TON STORES INC COM COM 09776J101 934 76830 SH SOLE 6343 0 70487 BPZ RESOURCES INC COM COM 055639108 126 40000 SH SOLE 40000 0 0 BRANDYWINE RLTY TR SH BEN INT COM 105368203 5120 420030 SH SOLE 34480 0 385550 BRAVO BRIO RESTAURANT GROUP COM 10567B109 4965 369706 SH SOLE 286125 0 83581 BRIGHTCOVE COM 10921T101 6881 761146 SH SOLE 592749 0 168397 BRUNSWICK CORP COM COM 117043109 1754 60303 SH SOLE 56436 0 3867
PAGE 2 EMERALD ADVISERS FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12
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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BRYN MAWR BK CORP COM COM 117665109 5037 226185 SH SOLE 18626 0 207559 BURNHAM HLDGS INC CL A COM 122295108 949 66620 SH SOLE 5490 0 61130 CABOT OIL & GAS CORP COM 127097103 420 8441 SH SOLE 7915 0 526 CALPINE CORP COM NEW COM 131347304 874 48200 SH SOLE 44802 0 3398 CAMPUS CREST CMNTYS INC COM COM 13466Y105 3240 264287 SH SOLE 21693 0 242594 CAPITAL ONE FINL CORP COM COM 14040H105 220 3791 SH SOLE 3791 0 0 CARDINAL FINL CORP COM COM 14149F109 3926 240831 SH SOLE 190660 0 50171 CARLISLE COS INC COM COM 142339100 692 11772 SH SOLE 10942 0 830 CARMIKE CINEMAS INC COM COM 143436400 4400 293325 SH SOLE 229687 0 63638 CARPENTER TECHNOLOGY CORP COM COM 144285103 3081 59670 SH SOLE 4920 0 54750 CATERPILLAR INC COM COM 149123101 491 5482 SH SOLE 5482 0 0 CAVIUM INC COM COM 14964U108 11977 383754 SH SOLE 239690 0 144064 CCFNB BANCORP INC COM COM 124880105 497 13581 SH SOLE 1117 0 12464 CEPHEID COM COM 15670R107 12621 372732 SH SOLE 272800 0 99932 CF INDS HLDGS INC COM COM 125269100 1323 6514 SH SOLE 6105 0 409 CHART INDS INC COM PAR $0.01 COM 16115Q308 12586 188727 SH SOLE 152747 0 35980 CHENIERE ENERGY INC COM NEW COM 16411R208 4683 249374 SH SOLE 193772 0 55602 CHEVRONTEXACO CORPORATION COM 166764100 2195 20298 SH SOLE 20298 0 0 CHICAGO BRIDGE & IRON CO N Y R COM 167250109 1514 32661 SH SOLE 30617 0 2044 CHICOS FAS INC COM COM 168615102 719 38949 SH SOLE 36203 0 2746 CHUY'S HOLDINGS INC COM 171604101 2300 102954 SH SOLE 80577 0 22377 CIRRUS LOGIC INC COM COM 172755100 1768 61023 SH SOLE 57159 0 3864 CISCO SYS INC COM COM 17275R102 549 27945 SH SOLE 27945 0 0 CITIGROUP INC COM 172967424 450 11370 SH SOLE 11370 0 0 CITIZENS FINL SVCS INC COM COM 174615104 1653 38444 SH SOLE 3144 0 35300 CITIZENS & NORTHERN CORP COM COM 172922106 1828 96720 SH SOLE 7915 0 88805 CITRIX SYS INC COM COM 177376100 1343 20462 SH SOLE 19167 0 1295 CLEAN HBRS INC COM COM 184496107 834 15168 SH SOLE 14100 0 1068 CNB FINL CORP PA COM COM 126128107 4854 296362 SH SOLE 24392 0 271970 COBIZ INC COM COM 190897108 5321 712326 SH SOLE 561566 0 150760 COCA COLA CO COM 191216100 762 21014 SH SOLE 21014 0 0 COMCAST CORP NEW COM CL A COM 20030N101 575 15382 SH SOLE 15382 0 0 CONCEPTUS INC COM COM 206016107 4457 212259 SH SOLE 165464 0 46795 CONOCOPHILLIPS COM COM 20825C104 951 16401 SH SOLE 16401 0 0 CROCS INC COM COM 227046109 5223 362979 SH SOLE 289631 0 73348 CROWN HOLDINGS INC COM COM 228368106 2180 59215 SH SOLE 4860 0 54355 CUBESMART COM COM 229663109 8124 557590 SH SOLE 45920 0 511670 CVS CORP COM COM 126650100 331 6855 SH SOLE 6855 0 0 DALECO RES CORP COM NEW COM 23437P208 36 600000 SH SOLE 0 0 600000 DELL INC COM 24702R101 166 16402 SH SOLE 16402 0 0 DENTSPLY INTL INC NEW COM COM 249030107 927 23411 SH SOLE 1920 0 21491 DIAMONDBACK ENERGY INC COM 25278X109 5196 271766 SH SOLE 210243 0 61523 DICKS SPORTING GOODS INC OC-CO COM 253393102 8152 179201 SH SOLE 47181 0 132020 DIRECTV COM 25490A309 212 4217 SH SOLE 4217 0 0 DISCOVER FINL SVCS COM COM 254709108 401 10403 SH SOLE 10403 0 0 DISNEY WALT PRODTNS COM 254687106 442 8883 SH SOLE 8883 0 0 DOLLAR TREE INC COM 256746108 2716 66968 SH SOLE 62275 0 4693 DONEGAL GROUP INC J CL A COM 257701201 1065 75827 SH SOLE 6206 0 69621 DORMAN PRODUCTS INC COM COM 258278100 1493 42252 SH SOLE 3468 0 38784 EAGLE MATLS INC COM COM 26969P108 533 9111 SH SOLE 8575 0 536 EASTMAN CHEM CO COM COM 277432100 410 6028 SH SOLE 5384 0 644
PAGE 3 EMERALD ADVISERS FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12
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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- EBAY INC COM COM 278642103 223 4382 SH SOLE 4382 0 0 ENERSYS COM COM 29275Y102 4298 114220 SH SOLE 9360 0 104860 ENTERCOM COMMUNICATIONS CORP COM 293639100 3255 466290 SH SOLE 38172 0 428118 ENVIRONMENTAL TECTONICS CORPCO COM 294092101 340 215120 SH SOLE 3535 0 211585 EPAM SYSTEMS INC COM 29414B104 5836 322411 SH SOLE 26534 0 295877 EQT CORP COM COM 26884L109 2234 37875 SH SOLE 3110 0 34765 ERIE INDTY CO CL A COM 29530P102 2475 35759 SH SOLE 2940 0 32819 EXACT SCIENCES CORP COM COM 30063P105 5434 513153 SH SOLE 399655 0 113498 EXACTTARGET INC COM 30064K105 15374 768679 SH SOLE 620572 0 148107 EXXON CORPORATION COM 30231G102 3221 37219 SH SOLE 37219 0 0 F N B CORP PA COM COM 302520101 1507 141900 SH SOLE 11600 0 130300 F5 NETWORKS INC COM COM 315616102 1404 14447 SH SOLE 13535 0 912 FARO TECHNOLOGIES INC COM COM 311642102 16498 462392 SH SOLE 346195 0 116197 FEMALE HEALTH CO COM COM 314462102 2246 312754 SH SOLE 242149 0 70605 FIFTH & PACIFIC COMPANIES INC COM 316645100 8865 712018 SH SOLE 554018 0 158000 FINANCIAL ENGINES INC COM COM 317485100 2579 92985 SH SOLE 71466 0 21519 FINISAR CORP COM COM 31787A507 3716 228116 SH SOLE 184475 0 43641 FIRST BUS FINL SVCS INC WIS CO COM 319390100 1038 45235 SH SOLE 3733 0 41502 FIRST HORIZON NATL CORP COM COM 320517105 7461 752909 SH SOLE 596247 0 156662 FIVE BELOW COM 33829M101 5030 157002 SH SOLE 13766 0 143236 FMC TECHNOLOGIES INC COM COM 30249U101 1147 26787 SH SOLE 24898 0 1889 FOOT LOCKER INC COM COM 344849104 1630 50760 SH SOLE 4170 0 46590 FORD MTR CO DEL COM PAR $0.01 COM 345370860 410 31658 SH SOLE 31658 0 0 FORTINET INC COM 34959E109 13226 629202 SH SOLE 435680 0 193522 FORUM ENERGY TECHNOLOGIES INC COM 34984V100 5151 208121 SH SOLE 168389 0 39732 FOX CHASE BANCORP INC NEW COM COM 35137T108 748 44939 SH SOLE 3704 0 41235 FRANCESCAS HLDGS CORP COM COM 351793104 11236 433303 SH SOLE 344021 0 89282 FREEPORT MCMORAN COPPER&GOLDCL COM 35671D857 237 6941 SH SOLE 6941 0 0 FULTON FINL CORP PA COM COM 360271100 1587 165180 SH SOLE 13563 0 151617 G A P INC COM 364760108 1357 43720 SH SOLE 40982 0 2738 GENERAL ELEC CO COM 369604103 824 39270 SH SOLE 39270 0 0 GENERAL MTRS CO COM COM 37045V100 277 9619 SH SOLE 9619 0 0 GILEAD SCIENCES INC COM COM 375558103 236 3208 SH SOLE 3208 0 0 GLIMCHER RLTY TR SH BEN INT COM 379302102 13600 1226313 SH SOLE 958750 0 267563 GNC HOLDINGS INC COM 36191G107 19267 578941 SH SOLE 308156 0 270785 GOLDMAN SACHS GROUP INC COM COM 38141G104 440 3448 SH SOLE 3448 0 0 GOOGLE INC CL A COM 38259P508 810 1145 SH SOLE 1145 0 0 GREATBATCH INC COM COM 39153L106 6887 296331 SH SOLE 232856 0 63475 GUIDEWIRE SOFTWARE INC COM 40171V100 6931 233196 SH SOLE 183756 0 49440 GULFPORT ENERGY CORP COM NEW COM 402635304 18301 478820 SH SOLE 335340 0 143480 HALLIBURTON CO COM COM 406216101 223 6416 SH SOLE 6416 0 0 HCA HOLDINGS INC COM COM 40412C101 224 7428 SH SOLE 7428 0 0 HEALTHCARE SVCS GROUP INC COM COM 421906108 2469 106280 SH SOLE 8720 0 97560 HERBALIFE LTD COM USD SHS COM G4412G101 2099 63714 SH SOLE 59651 0 4063 HERCULES OFFSHORE INC COM COM 427093109 289 46861 SH SOLE 46861 0 0 HERSHA HOSPITALITY TR PRIORITY COM 427825104 5025 1005094 SH SOLE 87041 0 918053 HESS CORP COM 42809H107 205 3873 SH SOLE 3873 0 0 HIBBETT SPORTS INC COM COM 428567101 8951 169855 SH SOLE 133877 0 35978 HMS HLDGS CORP COM COM 40425J101 7236 279160 SH SOLE 222514 0 56646 HOME DEPOT INC COM COM 437076102 324 5235 SH SOLE 5235 0 0 HOMEAWAY INC COM COM 43739Q100 6017 273489 SH SOLE 212443 0 61046
PAGE 4 EMERALD ADVISERS FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12
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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- HOVNANIAN ENTERPRISES INC CL A COM 442487203 13277 1896767 SH SOLE 1492807 0 403960 I B M COM 459200101 1084 5659 SH SOLE 5659 0 0 ICG GROUP INC COM COM 44928D108 2802 245117 SH SOLE 20584 0 224533 II-VI INC COM COM 902104108 1801 98769 SH SOLE 8138 0 90631 INCYTE PHARMACEUTICALS INC COM COM 45337C102 8760 527407 SH SOLE 415629 0 111778 INFINITY PHARMACEUTICALS INC COM 45665G303 6770 193422 SH SOLE 160752 0 32670 INFOBLOX INC COM 45672H104 2945 163879 SH SOLE 129964 0 33915 INFORMATICA CORP COM COM 45666Q102 1161 38293 SH SOLE 35869 0 2424 INGREDION INC COM COM 457187102 3157 48992 SH SOLE 45914 0 3078 INPHI CORP COM COM 45772F107 4101 428031 SH SOLE 336156 0 91875 INTEGRATED DEVICE TECH INC COM COM 458118106 4476 613103 SH SOLE 467484 0 145619 INTEL CORP COM COM 458140100 861 41741 SH SOLE 41741 0 0 INTEROIL CORP COM COM 460951106 2049 36891 SH SOLE 34561 0 2330 IPC THE HOSPITALIST CO INC COM COM 44984A105 10092 254143 SH SOLE 199634 0 54509 IPG PHOTONICS CORP COM 44980X109 26359 395491 SH SOLE 290986 0 104505 IXIA COM COM 45071R109 8396 494448 SH SOLE 385632 0 108816 JACK IN THE BOX INC COM COM 466367109 1196 41811 SH SOLE 38866 0 2945 JARDEN CORP COM COM 471109108 1233 23848 SH SOLE 22167 0 1681 JAZZ PHARMACEUTICALS PLC SHS COM G50871105 18721 351576 SH SOLE 264295 0 87281 JDS UNIPHASE CORP COM 46612J507 837 61999 SH SOLE 57632 0 4367 JIVE SOFTWARE INC COM 47760A108 8167 562105 SH SOLE 438849 0 123256 JOHNSON & JOHNSON COM 478160104 553 7891 SH SOLE 7891 0 0 JONES LANG LASALLE INC COM COM 48020Q107 908 10820 SH SOLE 10058 0 762 JPMORGAN CHASE & CO COM COM 46625H100 1477 33599 SH SOLE 33599 0 0 KBR INC COM COM 48242W106 901 30129 SH SOLE 28004 0 2125 KODIAK OIL & GAS CORP COM COM 50015Q100 5773 652274 SH SOLE 512384 0 139890 KOPPERS HOLDINGS INC COM 50060P106 3499 91717 SH SOLE 7667 0 84050 LANDSTAR SYS INC COM COM 515098101 1423 27116 SH SOLE 25207 0 1909 LENNAR CORP COM COM 526057104 1321 34159 SH SOLE 31752 0 2407 LIBERTY PPTY TR SH BEN INT COM 531172104 1874 52350 SH SOLE 4320 0 48030 LILLY, ELI AND COMPANY COM 532457108 274 5562 SH SOLE 5562 0 0 MAGNUM HUNTER RES CORP DEL COM COM 55973B102 13733 3441902 SH SOLE 2445690 0 996212 MAGNUM HUNTER RES CORP WT EXP WARRANT AND RIGH 55973G119 2 100939 SH SOLE 61237 0 39702 MAKO SURGICAL CORP COM COM 560879108 2821 219551 SH SOLE 171787 0 47764 MARATHON OIL CORP COM COM 565849106 281 9162 SH SOLE 9162 0 0 MARATHON PETE CORP COM COM 56585A102 208 3301 SH SOLE 3301 0 0 MARTHA STEWART LIVING OMNIMECL COM 573083102 189 76982 SH SOLE 59754 0 17228 MATTHEWS INTL CORP CL A COM 577128101 807 25155 SH SOLE 2073 0 23082 MATTRESS FIRM HOLDING CORP COM 57722W106 8635 352013 SH SOLE 283033 0 68980 MCDONALDS CORP COM 580135101 403 4567 SH SOLE 4567 0 0 MEDIVATION INC COM COM 58501N101 15368 300388 SH SOLE 240287 0 60101 MERCK & COMPANY COM 58933Y105 405 9887 SH SOLE 9887 0 0 MERIT MED SYS INC COM COM 589889104 701 50418 SH SOLE 50418 0 0 MERITAGE CORP COM COM 59001A102 11818 316399 SH SOLE 216920 0 99479 MET PRO CORP COM COM 590876306 1095 113044 SH SOLE 9256 0 103788 MICHAEL KORS HOLDINGS LTD COM G60754101 1669 32703 SH SOLE 30632 0 2071 MICRON TECHNOLOGY INC COM COM 595112103 2481 391396 SH SOLE 365995 0 25401 MICROSEMI CORP COM COM 595137100 6346 301600 SH SOLE 199275 0 102325 MICROSOFT CORP COM COM 594918104 1035 38746 SH SOLE 38746 0 0 MIDDLEBY CORP COM COM 596278101 16245 126708 SH SOLE 100406 0 26302 MILLENNIAL MEDIA INC COM COM 60040N105 6817 544066 SH SOLE 424176 0 119890
PAGE 5 EMERALD ADVISERS FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12
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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- MULTIMEDIA GAMES INC COM COM 625453105 4428 301010 SH SOLE 235348 0 65662 MWI VETERINARY SUPPLY INC COM COM 55402X105 37664 342397 SH SOLE 231758 0 110639 MYLAN LABS INC COM COM 628530107 11018 401395 SH SOLE 120069 0 281326 NATIONAL PENN BANCSHARES INCCO COM 637138108 4538 486930 SH SOLE 39860 0 447070 NEXSTAR BROADCASTING GROUP ICL COM 65336K103 2648 250000 SH SOLE 20666 0 229334 NORDSON CORP COM COM 655663102 1391 22034 SH SOLE 20482 0 1552 NORTHUMBERLAND BANCORP COM COM 667056105 273 9739 SH SOLE 801 0 8938 NORTHWEST BANCSHARES INC MD CO COM 667340103 2576 212220 SH SOLE 17413 0 194807 NPS PHARMACEUTICALS INC COM COM 62936P103 10782 1184871 SH SOLE 919783 0 265088 NUTRI SYS INC NEW COM COM 67069D108 632 77306 SH SOLE 6337 0 70969 NVIDIA CORP COM COM 67066G104 1580 128839 SH SOLE 119756 0 9083 OCCIDENTAL PETE CORP COM COM 674599105 476 6213 SH SOLE 6213 0 0 OIL STS INTL INC COM COM 678026105 1480 20686 SH SOLE 19228 0 1458 OMNICELL INC COM COM 68213N109 4410 296565 SH SOLE 231617 0 64948 ORACLE SYS CORP COM 68389X105 686 20585 SH SOLE 20585 0 0 ORRSTOWN FINL SVCS INC COM COM 687380105 2407 249657 SH SOLE 20096 0 229561 PACIFIC PREMIER BANCORP COM COM 69478X105 3033 296154 SH SOLE 207703 0 88451 PACIFIC SUNWEAR CALIF INC COM COM 694873100 145 90977 SH SOLE 90977 0 0 PANDORA MEDIA INC COM 698354107 5791 630776 SH SOLE 489226 0 141550 PENN NATL GAMING INC COM COM 707569109 3779 76945 SH SOLE 6320 0 70625 PENN VIRGINIA CORP COM 707882106 888 201251 SH SOLE 16520 0 184731 PENNSYLVANIA REAL ESTATE INVSH COM 709102107 5278 299231 SH SOLE 24615 0 274616 PENSECO FINL SRVCS CORP COM COM 709570105 1270 34331 SH SOLE 2824 0 31507 PEP BOYS MANNY MOE & JACK COM COM 713278109 3436 349530 SH SOLE 28762 0 320768 PEPSICO INC COM 713448108 404 5910 SH SOLE 5910 0 0 PEREGRINE SEMICONDUCTOR CORP COM 71366R703 6049 395070 SH SOLE 310958 0 84112 PFIZER INC COM 717081103 617 24612 SH SOLE 24612 0 0 PHILIP MORRIS INTL INC COM COM 718172109 593 7094 SH SOLE 7094 0 0 PHOTOMEDEX INC COM 719358301 4800 330328 SH SOLE 155952 0 174376 POLARIS INDS INC COM COM 731068102 1568 18630 SH SOLE 17318 0 1312 PROCTER & GAMBLE COMPANY COM 742718109 616 9068 SH SOLE 9068 0 0 QLIK TECHNOLOGIES INC COM 74733T105 8292 381749 SH SOLE 179052 0 202697 QUAKER CHEM CORP COM COM 747316107 11186 207692 SH SOLE 16993 0 190699 QUALCOMM INC COM COM 747525103 519 8387 SH SOLE 8387 0 0 QUANTA SVCS INC COM COM 74762E102 2652 97178 SH SOLE 91017 0 6161 RAVEN INDS INC COM COM 754212108 2242 85045 SH SOLE 63902 0 21143 REALOGY HOLDINGS CORP COM 75605Y106 2129 50746 SH SOLE 47549 0 3197 RED ROBIN GOURMET BURGERS INCO COM 75689M101 6900 195513 SH SOLE 153133 0 42380 REGIONS FINANCIAL CORP NEW COM COM 7591EP100 958 134375 SH SOLE 124916 0 9459 REGULUS THERAPEUTICS INC COM 75915K101 4890 776209 SH SOLE 590328 0 185881 REPUBLIC FIRST BANCORP INC COM COM 760416107 310 149820 SH SOLE 12303 0 137517 REX ENERGY CORPORATION COM COM 761565100 14308 1098909 SH SOLE 463835 0 635074 ROADRUNNER TRNSN SVCS HLDG ICO COM 76973Q105 12902 711240 SH SOLE 512068 0 199172 ROSS STORES INC COM COM 778296103 900 16639 SH SOLE 15467 0 1172 RUE21 INC COM 781295100 5856 206277 SH SOLE 16938 0 189339 S & T BANCORP INC COM COM 783859101 2572 142355 SH SOLE 11592 0 130763 SABA SOFTWARE COM 784932600 8211 939434 SH SOLE 734866 0 204568 SAGENT PHARMACEUTICALS INC COM 786692103 2844 176743 SH SOLE 136842 0 39901 SALESFORCE.COM INC COM 79466L302 2256 13419 SH SOLE 12577 0 842 SAREPTA THERAPEUTICS INC COM 803607100 11957 463459 SH SOLE 345247 0 118212 SBA COMMUNICATIONS CORP CL A COM 78388J106 1983 27932 SH SOLE 25978 0 1954
PAGE 6 EMERALD ADVISERS FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12
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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- SCHLUMBERGER COM 806857108 351 5061 SH SOLE 5061 0 0 SELECT COMFORT CORP OC-CAP STK COM 81616X103 7893 301621 SH SOLE 206073 0 95548 SELECT MEDICAL HOLDINGS CORP COM 81619Q105 3644 386401 SH SOLE 31584 0 354817 SHFL ENTMT INC COM COM 78423R105 6701 462172 SH SOLE 355772 0 106400 SHUTTERSTOCK INC COM 825690100 408 15675 SH SOLE 12615 0 3060 SIGNATURE BK NEW YORK N Y COM COM 82669G104 10345 145014 SH SOLE 114748 0 30266 SINCLAIR BROADCAST GROUP INCCL COM 829226109 7867 623415 SH SOLE 503192 0 120223 SM ENERGY COMPANY COM 78454L100 1054 20186 SH SOLE 18908 0 1278 SMART BALANCE INC COM COM 83169Y108 7460 578257 SH SOLE 451736 0 126521 SOURCEFIRE INC COM COM 83616T108 15313 324297 SH SOLE 231656 0 92641 SPIRIT AIRLS INC COM COM 848577102 3864 217905 SH SOLE 168067 0 49838 STANDARD PAC CORP NEW COM COM 85375C101 8687 1181855 SH SOLE 927219 0 254636 STARBUCKS CORP COM COM 855244109 283 5269 SH SOLE 5269 0 0 SUMMIT HOTEL PROPERTIES INC COM 866082100 627 66010 SH SOLE 9560 0 56450 SUSQUEHANNA BANCSHARES INC COM COM 869099101 19165 1828764 SH SOLE 855318 0 973446 SVB FINL GROUP COM COM 78486Q101 12723 227320 SH SOLE 176897 0 50423 SYNAGEVA BIOPHARMA CORP COM COM 87159A103 8536 184405 SH SOLE 148517 0 35888 TANGER FACTORY OUTLET CTRS COM COM 875465106 696 20360 SH SOLE 5950 0 14410 TARGET CORP COM COM 87612E106 467 7892 SH SOLE 7892 0 0 TELEFLEX INC COM COM 879369106 3295 46204 SH SOLE 3786 0 42418 TEREX CORP NEW COM COM 880779103 512 18220 SH SOLE 18220 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 15340 342263 SH SOLE 270530 0 71733 TEXAS ROADHOUSE INC CL A COM 882681109 360 21429 SH SOLE 21429 0 0 THORATEC LABS CORP COM NEW COM 885175307 635 16931 SH SOLE 15737 0 1194 TILE SHOP HLDGS INC COM COM 88677Q109 5597 332564 SH SOLE 258423 0 74141 TILLY'S INC-CLASS A SHRS COM 886885102 7131 528611 SH SOLE 411915 0 116696 TIME WARNER INC COM COM 887317303 208 4340 SH SOLE 4340 0 0 TMS INTERNATIONAL CORP COM 87261Q103 3263 260605 SH SOLE 21387 0 239218 TOLL BROS INC COM COM 889478103 9101 281489 SH SOLE 89479 0 192010 TOMPKINS TRUSTCO INC COM COM 890110109 2792 70441 SH SOLE 5756 0 64685 TREX INC COM COM 89531P105 13438 360946 SH SOLE 283153 0 77793 TRIUMPH GROUP INC NEW COM COM 896818101 27443 420267 SH SOLE 227788 0 192479 ULTA SALON COSMETICS & FRAGR COM 90384S303 15757 160356 SH SOLE 118616 0 41740 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 14856 157353 SH SOLE 105616 0 51737 UNION PAC CORP COM 907818108 317 2525 SH SOLE 2525 0 0 UNITED PARCEL SVC INC CL B COM 911312106 260 3524 SH SOLE 3524 0 0 UNITED RENTALS INC COM COM 911363109 13838 303998 SH SOLE 241451 0 62547 UNITED TECHNOLOGIES CORP COM 913017109 371 4525 SH SOLE 4525 0 0 UNITEDHEALTH GROUP INC COM COM 91324P102 431 7949 SH SOLE 7949 0 0 UNIVERSAL HEALTH SVCS INC CL B COM 913903100 2759 57060 SH SOLE 4680 0 52380 UNIVEST CORP PA COM COM 915271100 973 56904 SH SOLE 4662 0 52242 URBAN OUTFITTERS INC COM COM 917047102 7389 187724 SH SOLE 53160 0 134564 US BANCORP DEL NEW COM NEW COM 902973304 381 11913 SH SOLE 11913 0 0 USG CORP COM NEW COM 903293405 14740 525104 SH SOLE 412074 0 113030 VALERO ENERGY CORP COM COM 91913Y100 1980 58024 SH SOLE 54259 0 3765 VERASTEM INC COM 92337C104 2305 262263 SH SOLE 203919 0 58344 VERIZON COMMUNICATIONS COM 92343V104 625 14453 SH SOLE 14453 0 0 VIROPHARMA INC COM COM 928241108 2410 105880 SH SOLE 8713 0 97167 VISHAY INTERTECHNOLOGY INC COM COM 928298108 2977 280090 SH SOLE 22994 0 257096 VITAMIN SHOPPE INC COM COM 92849E101 9775 170420 SH SOLE 133850 0 36570 VIVUS INC COM COM 928551100 6467 481902 SH SOLE 368655 0 113247
PAGE 7 EMERALD ADVISERS FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12
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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- WABTEC CORPORATION COM 929740108 9471 108194 SH SOLE 15338 0 92856 WAL MART STORES INC COM 931142103 1215 17802 SH SOLE 17802 0 0 WALKER & DUNLOP INC COM 93148P102 10632 638174 SH SOLE 445549 0 192625 WELLPOINT INC COM 94973V107 209 3438 SH SOLE 3438 0 0 WELLS FARGO NEW COM 949746101 1421 41565 SH SOLE 41565 0 0 WESCO INTL INC COM COM 95082P105 35171 521595 SH SOLE 244168 0 277427 WEST PHARMACEUTICAL SVCS INCCO COM 955306105 6079 111040 SH SOLE 9120 0 101920 WESTPORT INNOVATIONS INC COM N COM 960908309 1439 53875 SH SOLE 50469 0 3406 WHITING PETE CORP NEW COM COM 966387102 965 22257 SH SOLE 20850 0 1407 WHOLE FOODS MKT INC COM COM 966837106 1722 18890 SH SOLE 17696 0 1194 WYNN RESORTS LTD COM COM 983134107 1054 9369 SH SOLE 8799 0 570 YAHOO INC COM COM 984332106 283 14234 SH SOLE 14234 0 0