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
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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
Aerojet Rocketdyne Holdings, I COM 007800105 3,693 84,809 SH   SOLE   84,809 0 0
Airbnb, Inc. COM 009066101 1,568 9,349 SH   SOLE   9,349 0 0
Alphabet, Inc. - Class C COM 02079K107 16,264 6,102 SH   SOLE   6,102 0 0
Amazon.com, Inc. COM 023135106 15,591 4,746 SH   SOLE   4,746 0 0
Ametek, Inc. COM 031100100 1,615 13,027 SH   SOLE   13,027 0 0
Amphenol Corp. - Cl A COM 032095101 1,536 20,970 SH   SOLE   20,970 0 0
Apple, Inc. COM 037833100 15,721 111,100 SH   SOLE   111,100 0 0
Atlantic Capital Bancshares, I COM 048269203 6,337 239,213 SH   SOLE   239,213 0 0
Ball Corp. COM 058498106 1,718 19,090 SH   SOLE   19,090 0 0
Bank of America Corp. COM 060505104 15,575 366,908 SH   SOLE   366,908 0 0
Bank of Commerce Holdings COM 06424J103 10,568 696,628 SH   SOLE   696,628 0 0
Black Knight, Inc. COM 09215C105 1,635 22,705 SH   SOLE   22,705 0 0
Boeing Co. COM 097023105 4,537 20,627 SH   SOLE   20,627 0 0
Boeing Co. OPTION 097023905 11,547 52,500 SH Call SOLE   0 0 0
Bryn Mawr Bank Corp. COM 117665109 3,382 73,602 SH   SOLE   73,602 0 0
Butterfly Networks, Inc. COM 124155102 1,526 146,175 SH   SOLE   146,175 0 0
CAI International, Inc. COM 12477X106 18,643 333,449 SH   SOLE   333,449 0 0
Cadence Financial Corp. COM 12739A100 27,236 1,240,271 SH   SOLE   1,240,271 0 0
Change Healthcare, Inc. COM 15912K100 3,068 146,500 SH   SOLE   146,500 0 0
Chipotle Mexican Grill, Inc. COM 169656105 6,912 3,803 SH   SOLE   3,803 0 0
Cloudera, Inc. COM 18914U100 18,929 1,185,280 SH   SOLE   1,185,280 0 0
CoStar Group, Inc. COM 22160N109 830 9,650 SH   SOLE   9,650 0 0
Coherent, Inc. COM 192479103 11,521 46,066 SH   SOLE   46,066 0 0
Community Bankers Trust Corp. COM 203612106 4,734 416,338 SH   SOLE   416,338 0 0
Condor Hospitality Trust, Inc. COM 20676Y403 7,156 1,026,623 SH   SOLE   1,026,623 0 0
Cornerstone OnDemand, Inc. COM 21925Y103 4,141 72,318 SH   SOLE   72,318 0 0
Covanta Holding Corp. COM 22282E102 12,065 599,672 SH   SOLE   599,672 0 0
Crocs, Inc. COM 227046109 2,428 16,925 SH   SOLE   16,925 0 0
DexCom, Inc. COM 252131107 7,047 12,886 SH   SOLE   12,886 0 0
Domtar Corp. COM 257559203 18,606 341,135 SH   SOLE   341,135 0 0
Dun & Bradstreet Holdings, Inc COM 26484T106 1,299 77,305 SH   SOLE   77,305 0 0
Estee Lauder Companies - CL A COM 518439104 1,485 4,950 SH   SOLE   4,950 0 0
Facebook, Inc. - A COM 30303M102 10,338 30,460 SH   SOLE   30,460 0 0
First Midwest Bancorp, Inc COM 320867104 15,673 824,467 SH   SOLE   824,467 0 0
GP Strategies Corp. COM 36225V104 12,874 621,944 SH   SOLE   621,944 0 0
Goldman Sachs Group, Inc. COM 38141G104 6,204 16,411 SH   SOLE   16,411 0 0
Hill-Rom Holdings, Inc. COM 431475102 7,125 47,500 SH   SOLE   47,500 0 0
Howard Bancorp Inc. COM 442496105 13,104 646,159 SH   SOLE   646,159 0 0
Humana, Inc. COM 444859102 11,528 29,623 SH   SOLE   29,623 0 0
IHS Markit Ltd. COM G47567105 20,409 175,000 SH   SOLE   175,000 0 0
Illumina, Inc. COM 452327109 3,896 9,606 SH   SOLE   9,606 0 0
Intuitive Surgical, Inc. COM 46120E602 6,528 6,566 SH   SOLE   6,566 0 0
IShares Tr Expanded Tech OPTION 464287955 10,378 26,000 SH Put SOLE   0 0 0
J. Alexander's Holdings, Inc. COM 46609J106 1,645 117,485 SH   SOLE   117,485 0 0
Las Vegas Sands Corp. COM 517834107 4,260 116,382 SH   SOLE   116,382 0 0
lululemon athletica, Inc. COM 550021109 8,623 21,308 SH   SOLE   21,308 0 0
Lydell, Inc. COM 550819106 7,022 113,094 SH   SOLE   113,094 0 0
MSCI, Inc. COM 55354G100 3,376 5,550 SH   SOLE   5,550 0 0
Marriott International, Inc. COM 571903202 2,359 15,928 SH   SOLE   15,928 0 0
Mastercard Inc. - Class A COM 57636Q104 14,189 40,810 SH   SOLE   40,810 0 0
Medallia, Inc. COM 584021109 11,223 331,351 SH   SOLE   331,351 0 0
Mercadolibre, Inc. COM 58733R102 1,251 745 SH   SOLE   745 0 0
Microsoft Corp. COM 594918104 10,172 36,082 SH   SOLE   36,082 0 0
Monster Beverage Corp. COM 61174X109 1,301 14,650 SH   SOLE   14,650 0 0
NVIDIA Corp. COM 67066G104 8,306 40,097 SH   SOLE   40,097 0 0
NXP Semiconductors NV COM N6596X109 8,195 41,840 SH   SOLE   41,840 0 0
Netflix, Inc. COM 64110L106 446 731 SH   SOLE   731 0 0
Nike, Inc. Class B COM 654106103 11,290 77,739 SH   SOLE   77,739 0 0
Nuance Communications, Inc. COM 67020Y100 23,739 431,300 SH   SOLE   431,300 0 0
PACCAR, Inc. COM 693718108 2,660 33,710 SH   SOLE   33,710 0 0
PPD, Inc. COM 69355F102 8,012 171,234 SH   SOLE   171,234 0 0
Pacific Merchantile Bancorp COM 694552100 12,819 1,391,888 SH   SOLE   1,391,888 0 0
PayPal Holdings, Inc. COM 70450Y103 8,602 33,056 SH   SOLE   33,056 0 0
Pioneer Natural Resources Comp COM 723787107 5,900 35,436 SH   SOLE   35,436 0 0
Prologis, Inc. COM 74340W103 1,345 10,720 SH   SOLE   10,720 0 0
Q2 Holdings, Inc. COM 74736L109 1,641 20,480 SH   SOLE   20,480 0 0
Raven Industries, Inc. COM 754212108 7,999 138,847 SH   SOLE   138,847 0 0
Riverview Financial Corp. COM 76940Q105 1,174 89,795 SH   SOLE   89,795 0 0
SPDR Gold Shares COM 78463V107 3,347 20,380 SH   SOLE   20,380 0 0
Salesforce.com, Inc. COM 79466L302 10,530 38,823 SH   SOLE   38,823 0 0
Select Bancorp, Inc. COM 81617L108 242 14,029 SH   SOLE   14,029 0 0
Select Interior Concepts, Inc. COM 816120307 1,669 115,712 SH   SOLE   115,712 0 0
Select Sector SPDR Tr Communic OPTION 81369Y952 10,847 135,400 SH Put SOLE   0 0 0
Severn Bancorp, Inc. COM 81811M100 2,176 173,828 SH   SOLE   173,828 0 0
Shopify, Inc. - CL A COM 82509L107 9,599 7,080 SH   SOLE   7,080 0 0
Simon Property Group, Inc. COM 828806109 5,903 45,415 SH   SOLE   45,415 0 0
Spirit AeroSystems Holdings, I COM 848574109 2,165 48,999 SH   SOLE   48,999 0 0
Stamps.Com, Inc. COM 852857200 18,056 54,751 SH   SOLE   54,751 0 0
Sterling Bancorp. COM 85917A100 11,676 467,794 SH   SOLE   467,794 0 0
TJX Company, Inc. COM 872540109 2,382 36,095 SH   SOLE   36,095 0 0
Take-Two Interactive Software, COM 874054109 8,216 53,325 SH   SOLE   53,325 0 0
The Sherwin-Williams Company COM 824348106 4,790 17,124 SH   SOLE   17,124 0 0
TransDigm Group, Inc. COM 893641100 4,148 6,641 SH   SOLE   6,641 0 0
Unity Software, Inc. COM 91332U101 1,730 13,705 SH   SOLE   13,705 0 0
Vaneck ETF Tr Semiconductr ETF OPTION 92189F956 24,346 95,000 SH Put SOLE   0 0 0
Varonis Systems, Inc. COM 922280102 1,564 25,705 SH   SOLE   25,705 0 0
Visa Inc. COM 92826C839 727 3,264 SH   SOLE   3,264 0 0
Walt Disney Company/The COM 254687106 5,535 32,718 SH   SOLE   32,718 0 0
Welbilt, Inc. COM 949090104 5,229 225,000 SH   SOLE   225,000 0 0
Willis Towers Watson PLC COM G96629103 13,286 57,155 SH   SOLE   57,155 0 0
Xilinx, Inc. COM 983919101 11,904 78,837 SH   SOLE   78,837 0 0