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 232 24,213 SH   SOLE 0 24,213 0 0
ACI Worldwide, Inc COM 004498101 2,925 136,695 SH   SOLE 0 136,695 0 0
Acco Brands Corp COM 00081T108 1,253 175,777 SH   SOLE 0 175,777 0 0
Albemarle Corp COM 012653101 500 8,935 SH   SOLE 0 8,935 0 0
Amag Pharma Inc COM 00163U106 2,759 91,400 SH   SOLE 0 91,400 0 0
Amern Superconductor Cp COM 030111207 160 25,052 SH   SOLE 0 25,052 0 0
Amtech Systems, Inc. COM 032332504 1,099 175,624 SH   SOLE 0 175,624 0 0
Analogic Corp COM 032657207 3,592 43,482 SH   SOLE 0 43,482 0 0
Ariad Pharmaceuticals Inc COM 04033a100 2,947 471,516 SH   SOLE 0 471,516 0 0
Arrow Electronics COM 042735100 1,512 27,905 SH   SOLE 0 27,905 0 0
Ascent Capital Group COM 043632108 686 41,010 SH   SOLE 0 41,010 0 0
Ashford Hospitality Prime, Inc COM 044102101 911 62,794 SH   SOLE 0 62,794 0 0
Ashford Hospitality Tr Reit COM 044103109 1,157 183,325 SH   SOLE 0 183,325 0 0
Auto Data Processing COM 053015103 205 2,425 SH   SOLE 0 2,425 0 0
Azz Inc. COM 002474104 1,355 24,380 SH   SOLE 0 24,380 0 0
BNC Bancorp COM 05566t101 529 20,835 SH   SOLE 0 20,835 0 0
Bancorpsouth Inc COM 059692103 2,626 109,473 SH   SOLE 0 109,473 0 0
Bank Of America Corp COM 060505104 200 11,887 SH   SOLE 0 11,887 0 0
Barnes Group Inc COM 067806109 1,242 35,105 SH   SOLE 0 35,105 0 0
Barrett Business Services Inc. COM 068463108 2,546 58,485 SH   SOLE 0 58,485 0 0
Beacon Roofing Supply COM 073685109 3,337 81,044 SH   SOLE 0 81,044 0 0
Belden Inc COM 077454106 1,264 26,511 SH   SOLE 0 26,511 0 0
Berkshire Hath Cl B COM 084670702 275 2,084 SH   SOLE 0 2,084 0 0
Berkshire Hills Bancorp COM 084680107 2,018 69,333 SH   SOLE 0 69,333 0 0
Boston Private Finl Hldg COM 101119105 2,023 178,423 SH   SOLE 0 178,423 0 0
Briggs & Stratton Corp. COM 109043109 2,105 121,676 SH   SOLE 0 121,676 0 0
Bristol-Myers Squibb Co COM 110122108 597 8,680 SH   SOLE 0 8,680 0 0
Brocade Communs Sys New COM 111621306 821 89,428 SH   SOLE 0 89,428 0 0
Bryn Mawr Bank Corporation COM 117665109 418 14,550 SH   SOLE 0 14,550 0 0
C S G Systems Intl Inc COM 126349109 4,304 119,630 SH   SOLE 0 119,630 0 0
Cabot Corp COM 127055101 2,935 71,786 SH   SOLE 0 71,786 0 0
Callaway Golf COM 131193104 1,462 155,217 SH   SOLE 0 155,217 0 0
Callon Petroleum Co COM 13123X102 194 23,240 SH   SOLE 0 23,240 0 0
Cardiovascular Systems Inc. COM 141619106 3,293 217,796 SH   SOLE 0 217,796 0 0
Carrizo Oil & Gas Inc COM 144577103 1,433 48,450 SH   SOLE 0 48,450 0 0
Carters Inc COM 146229109 2,536 28,483 SH   SOLE 0 28,483 0 0
Castle A M & Co COM 148411101 62 39,045 SH   SOLE 0 39,045 0 0
Chemtura Corp COM 163893209 231 8,455 SH   SOLE 0 8,455 0 0
Chico's FAS, Inc. COM 168615102 122 11,465 SH   SOLE 0 11,465 0 0
Cisco Systems Inc COM 17275R102 376 13,857 SH   SOLE 0 13,857 0 0
Columbia Banking Systems COM 197236102 4,118 126,665 SH   SOLE 0 126,665 0 0
Commercial Vehicle Group COM 202608105 696 252,315 SH   SOLE 0 252,315 0 0
Conagra Inc COM 205887102 270 6,400 SH   SOLE 0 6,400 0 0
Cpi Aerostructures New COM 125919308 782 80,368 SH   SOLE 0 80,368 0 0
Crocs Inc. COM 227046109 1,624 158,566 SH   SOLE 0 158,566 0 0
Cvs Health Corporation COM 126650100 345 3,531 SH   SOLE 0 3,531 0 0
Cytokinetics Inc COM 23282W605 2,615 250,005 SH   SOLE 0 250,005 0 0
Darling Ingredients, Inc. COM 237266101 2,166 205,859 SH   SOLE 0 205,859 0 0
Del Frisco's Restaurant Group COM 245077102 1,983 123,810 SH   SOLE 0 123,810 0 0
Denbury Res Inc New COM 247916208 25 12,569 SH   SOLE 0 12,569 0 0
Diana Shipping Inc F COM Y2066G104 405 93,189 SH   SOLE 0 93,189 0 0
Dr. Pepper Snapple Group COM 26138e109 445 4,770 SH   SOLE 0 4,770 0 0
Durect Corp COM 266605104 3,478 1,573,792 SH   SOLE 0 1,573,792 0 0
Dycom Industries Inc COM 267475101 4,180 59,754 SH   SOLE 0 59,754 0 0
Eaton Corporation COM 278058102 219 4,200 SH   SOLE 0 4,200 0 0
Ecolab COM 278865100 218 1,903 SH   SOLE 0 1,903 0 0
Esterline Corp. COM 297425100 727 8,980 SH   SOLE 0 8,980 0 0
Extreme Networks Inc. COM 30226d106 3,035 743,807 SH   SOLE 0 743,807 0 0
Exxon Mobil Corporation COM 30231G102 981 12,591 SH   SOLE 0 12,591 0 0
Ferro Corp COM 315405100 3,740 336,326 SH   SOLE 0 336,326 0 0
Finisar COM 31787A507 1,263 86,834 SH   SOLE 0 86,834 0 0
First BanCorp (Puerto Rico) COM 318672706 814 250,518 SH   SOLE 0 250,518 0 0
First Niagara Finl New COM 33582V108 2,602 239,822 SH   SOLE 0 239,822 0 0
Flexsteel Industries COM 339382103 570 12,900 SH   SOLE 0 12,900 0 0
Francesca's Holdings Corp COM 351793104 1,259 72,305 SH   SOLE 0 72,305 0 0
Freightcar America Inc COM 357023100 1,031 53,076 SH   SOLE 0 53,076 0 0
Freshpet Inc. COM 358039105 1,931 227,500 SH   SOLE 0 227,500 0 0
GameStop Corp. Cl A COM 36467w109 956 34,100 SH   SOLE 0 34,100 0 0
General Electric Company COM 369604103 1,016 32,607 SH   SOLE 0 32,607 0 0
Goodyear Tire & Rubber COM 382550101 627 19,189 SH   SOLE 0 19,189 0 0
Granite Construction COM 387328107 474 11,050 SH   SOLE 0 11,050 0 0
Griffon Corp COM 398433102 949 53,335 SH   SOLE 0 53,335 0 0
Group 1 Automotive COM 398905109 1,787 23,600 SH   SOLE 0 23,600 0 0
HP Inc. COM 428236103 300 25,305 SH   SOLE 0 25,305 0 0
Hancock Holding Co COM 410120109 603 23,949 SH   SOLE 0 23,949 0 0
Hanover Insurance Group COM 410867105 3,789 46,582 SH   SOLE 0 46,582 0 0
Hewlett Packard Enterprise Co. COM 42824c109 385 25,305 SH   SOLE 0 25,305 0 0
Hornbeck Offshore Services, In COM 440543106 239 24,070 SH   SOLE 0 24,070 0 0
Horsehead Holding COM 440694305 336 164,080 SH   SOLE 0 164,080 0 0
Hudson Highland Group COM 443787106 403 137,908 SH   SOLE 0 137,908 0 0
Intel Corp COM 458140100 566 16,433 SH   SOLE 0 16,433 0 0
Intl Business Machines COM 459200101 1,151 8,364 SH   SOLE 0 8,364 0 0
Invacare Corp. COM 461203101 515 29,590 SH   SOLE 0 29,590 0 0
Johnson & Johnson COM 478160104 435 4,239 SH   SOLE 0 4,239 0 0
Jpmorgan Chase & Co COM 46625H100 272 4,118 SH   SOLE 0 4,118 0 0
KMG Chemicals COM 482564101 630 27,350 SH   SOLE 0 27,350 0 0
Kona Grill Inc COM 50047H201 2,781 175,344 SH   SOLE 0 175,344 0 0
Koppers Holdings Inc. COM 50060p106 1,197 65,615 SH   SOLE 0 65,615 0 0
Kraton Performance Polymers In COM 50077c106 2,356 141,826 SH   SOLE 0 141,826 0 0
Kulicke & Soffa Industries, In COM 501242101 1,005 86,087 SH   SOLE 0 86,087 0 0
Limelight Networks Inc COM 53261M104 574 393,016 SH   SOLE 0 393,016 0 0
Manitex International COM 563420108 524 88,028 SH   SOLE 0 88,028 0 0
Manitowoc Inc. COM 563571108 646 42,090 SH   SOLE 0 42,090 0 0
Markel Corp. COM 570535104 254 287 SH   SOLE 0 287 0 0
Mattersight COM 577097108 2,531 385,748 SH   SOLE 0 385,748 0 0
Maxwell Technologies Inc COM 577767106 1,484 207,780 SH   SOLE 0 207,780 0 0
Mb Financial Bank COM 55264u108 581 17,950 SH   SOLE 0 17,950 0 0
Mccormick & Co Inc Com Non Vtg COM 579780206 232 2,715 SH   SOLE 0 2,715 0 0
Mckesson Corporation COM 58155Q103 1,270 6,438 SH   SOLE 0 6,438 0 0
Mead Johnson Nutrition Co. COM 582839106 210 2,665 SH   SOLE 0 2,665 0 0
Mentor Graphics Corp COM 587200106 2,701 146,659 SH   SOLE 0 146,659 0 0
Merck & Co Inc New COM 58933y105 290 5,499 SH   SOLE 0 5,499 0 0
Mercury Systems COM 589378108 4,821 262,560 SH   SOLE 0 262,560 0 0
Methode Electronics Inc. COM 591520200 3,961 124,450 SH   SOLE 0 124,450 0 0
Microsoft Corp COM 594918104 229 4,120 SH   SOLE 0 4,120 0 0
Moduslink Global Sol Inc COM 60786l206 274 110,344 SH   SOLE 0 110,344 0 0
N C R Corp New COM 62886e108 1,348 55,115 SH   SOLE 0 55,115 0 0
Nautilus Inc COM 63910B102 2,945 176,158 SH   SOLE 0 176,158 0 0
Newpark Resources Inc COM 651718504 1,184 224,159 SH   SOLE 0 224,159 0 0
Northfield Bancorp COM 66611t108 1,707 107,230 SH   SOLE 0 107,230 0 0
Old Republic Intl Corp COM 680223104 2,407 129,190 SH   SOLE 0 129,190 0 0
Patterson- UTI Energy Inc. COM 703481101 971 64,389 SH   SOLE 0 64,389 0 0
Pegasystems Inc COM 705573103 5,879 213,775 SH   SOLE 0 213,775 0 0
Pepsico Incorporated COM 713448108 407 4,075 SH   SOLE 0 4,075 0 0
Perficient Inc COM 71375U101 3,950 230,746 SH   SOLE 0 230,746 0 0
Pfizer Incorporated COM 717081103 507 15,721 SH   SOLE 0 15,721 0 0
Progress Software Corp COM 743312100 2,419 100,790 SH   SOLE 0 100,790 0 0
Progressive Corp Ohio COM 743315103 387 12,165 SH   SOLE 0 12,165 0 0
Qorvo Inc. COM 74736k101 478 9,392 SH   SOLE 0 9,392 0 0
Raytheon Company New COM 755111507 223 1,787 SH   SOLE 0 1,787 0 0
Rex Energy Corp COM 761565100 293 278,956 SH   SOLE 0 278,956 0 0
Rubicon Project, Inc. COM 78112v102 2,334 141,865 SH   SOLE 0 141,865 0 0
Shoe Carnival Inc COM 824889109 3,228 139,146 SH   SOLE 0 139,146 0 0
ShoreTel COM 825211105 3,486 393,931 SH   SOLE 0 393,931 0 0
Sm Energy Company COM 78454l100 224 11,380 SH   SOLE 0 11,380 0 0
Soadastream International COM M9068E105 1,385 84,909 SH   SOLE 0 84,909 0 0
Sonus Networks Inc COM 835916503 1,472 206,484 SH   SOLE 0 206,484 0 0
Southwest Bancorp Okla COM 844767103 1,501 85,878 SH   SOLE 0 85,878 0 0
Spectrum Pharmaceuticals Inc. COM 84763a108 492 81,584 SH   SOLE 0 81,584 0 0
Spirit Airlines Inc. COM 848577102 4,388 110,103 SH   SOLE 0 110,103 0 0
State Bank Financial COM 856190103 2,043 97,138 SH   SOLE 0 97,138 0 0
Steel Dynamics Inc COM 858119100 781 43,730 SH   SOLE 0 43,730 0 0
Steven Madden Ltd COM 556269108 3,729 123,386 SH   SOLE 0 123,386 0 0
Strat Diagnostics Inc COM 862700101 124 125,762 SH   SOLE 0 125,762 0 0
Sunopta Inc F COM 8676EP108 2,748 401,682 SH   SOLE 0 401,682 0 0
Super Micro Computer, Inc COM 86800u104 1,021 41,650 SH   SOLE 0 41,650 0 0
Sypris Solutions Inc COM 871655106 233 213,884 SH   SOLE 0 213,884 0 0
TRI Pointe Group, Inc. COM 87265h109 2,020 159,440 SH   SOLE 0 159,440 0 0
Teleflex Incorporated COM 879369106 4,636 35,268 SH   SOLE 0 35,268 0 0
Teletech Holdings Inc COM 879939106 3,353 120,143 SH   SOLE 0 120,143 0 0
Tempur Sealy International Inc COM 88023U101 3,856 54,731 SH   SOLE 0 54,731 0 0
Tennant Co COM 880345103 2,356 41,874 SH   SOLE 0 41,874 0 0
Terex Corp COM 880779103 2,012 108,854 SH   SOLE 0 108,854 0 0
TriCo Bancshares COM 896095106 2,639 96,164 SH   SOLE 0 96,164 0 0
Triangle Petroleum Corp. COM 89600b201 373 483,820 SH   SOLE 0 483,820 0 0
Ttm Technologies Inc COM 87305r109 1,108 170,215 SH   SOLE 0 170,215 0 0
Tutor Perini Corp COM 901109108 2,034 121,495 SH   SOLE 0 121,495 0 0
U S Physical Therapy COM 90337L108 4,824 89,863 SH   SOLE 0 89,863 0 0
Ultratech COM 904034105 2,423 122,275 SH   SOLE 0 122,275 0 0
United Financial Bancorp COM 910304104 2,509 194,798 SH   SOLE 0 194,798 0 0
United Parcel Cl B COM 911312106 201 2,086 SH   SOLE 0 2,086 0 0
Universal Forest Product COM 913543104 1,328 19,421 SH   SOLE 0 19,421 0 0
Vicor Corp COM 925815102 1,590 174,387 SH   SOLE 0 174,387 0 0
Watts Water Tech Inc A Class A COM 942749102 2,394 48,199 SH   SOLE 0 48,199 0 0
Wausau Paper Corp COM 943315101 1,837 179,550 SH   SOLE 0 179,550 0 0
Wells Fargo & Co New COM 949746101 264 4,852 SH   SOLE 0 4,852 0 0
Western Digital Corp COM 958102105 717 11,940 SH   SOLE 0 11,940 0 0
Whole Foods Market Inc COM 966837106 370 11,042 SH   SOLE 0 11,042 0 0
Xcerra Corp COM 98400j108 1,752 289,656 SH   SOLE 0 289,656 0 0
Zoetis Inc. COM 98978v103 231 4,821 SH   SOLE 0 4,821 0 0
Fidelity Conservative Income B 0 316146539 151 15,116 SH   SOLE 0 15,116 0 0