Here are the 25 most crowded small-caps among hedge funds

• via Credit Suisse, in order of # of small-cap funds who own the stock. Following the stock is the number of funds who own it, and the change vs. previous quarter:
• IDTI - Integrated Device Tech 96 | 14
• MSCC - Microsemi 86 | 10
• MANH - Manhattan Associates 85 | 5
• CBM - Cambrex 80 | 4
• EEFT - Euronet Worldwide 80 | 8
• POR - Portland General Electric 79 | 0
• EME - Emcore 78 | 6
• LAD - Lithia Motors 78 | 6
• AMSG - Amsurg 78 | 0
• JCOM - J2 Global 77 | 4
• PFPT - Proofpoint 77 | 4
• AHS - AMN Healthcare 74 | 2
• EXPR - Express Inc. 74 | 3
• ICUI - ICU Medical 73 | 0
• LGND - Ligand Pharma 73 | 6
• PVTB - Privatebancorp 73 | -2
• PRXL - Parexel 72 | 5
• AEL - Americal Equity Investment Life 71 | 3
• TYL - Tyler Technologies 71 | 7
• CRZO - Carrizo Oil & Gas 69 | 3
• MENT - Mentor Graphics 69 | -9
• MNRO - Monro Muffler Brake 68 | 0
• WAL - Western Alliance Bancorp 68 | 8
• AEO - American Eagle Outfitters 67 | 0
• LOGM - Logmein 67 | -1
• OZRK - Bank of the Ozarks 67 | 5
• SHOO - Steven Madden 67 | -10
• STE - Steris 67 | 20
• WNC - Wabash National 67 | -1
• Credit Suisse recommends reducing exposure in small-cap "darlings" due to less opportunity for differentiation; historical underperformance; and outflows.