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Institutional Investment Manager
EMERALD ADVISERS, LLC
EMERALD ADVISERS, LLC (CIK: 0001015083) incorporated in Pennsylvania, located at 3175 Oregon Pike, Leola, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 337 holdings with a total value of $1,884,962,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 National Australia Bank ADR 205,499 11,584,000 0.61%
52 AMETEK INC NEW 216,309 11,384,000 0.60%
53 INOGEN INC COM 362,028 11,357,000 0.60%
54 PORTOLA PHARMACEUTICALS INC 392,749 11,123,000 0.59%
55 CoBiz Financial Inc 843,922 11,081,000 0.59%
56 MARINEMAX INC COM 551,340 11,054,000 0.59%
57 CUBESMART 489,550 10,804,000 0.57%
58 SQUARE INC A 429,825 10,617,000 0.56%
59 IONIS PHARMACEUTICAL 171,069 10,562,000 0.56%
60 INTERCEPT PHARMACEUTICALS INCORPORATED 67,415 10,517,000 0.56%
61 MOELIS & CO 296,241 10,348,000 0.55%
62 CNB FINANCIAL CORP (PA) COM 546,017 10,101,000 0.54%
63 GLU MOBILE INC 2,580,188 10,063,000 0.53%
64 GUIDEWIRE SOFTWARE INC 197,121 9,980,000 0.53%
65 SQBG Inc 750,679 9,811,000 0.52%
66 LDR HLDG CORP COM 297,745 9,760,000 0.52%
67 SAFEGUARD SCIENTIFICS INCORPORATED COM NEW 490,704 9,726,000 0.52%
68 PUMA BIOTECHNOLOGY 50,721 9,600,000 0.51%
69 ENERSYS 153,366 9,466,000 0.50%
70 TALMER BANCORP INC 673,411 9,455,000 0.50%
71 EPIZYME INC COM 496,000 9,360,000 0.50%
72 ARMSTRONG WORLD INDS INC NEW COM 182,705 9,340,000 0.50%
73 PROTO LABS INC COM 138,537 9,304,000 0.49%
74 Marcus & Millichap Inc Com 270,310 8,988,000 0.48%
75 LIBERTY PROP 236,705 8,907,000 0.47%
76 CARPENTER TECHNOLOGY CORP 179,701 8,850,000 0.47%
77 QUAKER CHEM CORP 93,187 8,577,000 0.46%
78 CONNECTONE BANCORP INC COM 451,314 8,575,000 0.45%
79 MATTHEWS INTL CORP 175,658 8,549,000 0.45%
80 BRYN MAWR BK CORP 268,303 8,398,000 0.45%
81 TENNANT CO 113,820 8,214,000 0.44%
82 VIRGIN AMERICA ORD 187,850 8,125,000 0.43%
83 CROWN HOLDINGS INC 155,381 7,909,000 0.42%
84 FCB Financial Holdings Inc 531,580 7,841,000 0.42%
85 H&E EQUIPMENT SERVICES LLC COM 265,369 7,454,000 0.40%
86 ARC DOCUMENT SOLUTIONS INC COM 727,961 7,440,000 0.39%
87 ZS PHARMA INC 177,662 7,385,000 0.39%
88 S & T BANCORP INC COM 244,923 7,301,000 0.39%
89 INPHI CORPORATION 390,337 7,213,000 0.38%
90 ACTUA CORP 385,525 7,121,000 0.38%
91 METHODE ELECTRS INC COM 194,661 7,107,000 0.38%
92 KORN FERRY COM NEW 244,186 7,023,000 0.37%
93 AQUA AMERICA INC 257,081 6,864,000 0.36%
94 SELECT MED HLDGS CORP COM 468,678 6,749,000 0.36%
95 CHUYS HLDGS INC COM 342,817 6,743,000 0.36%
96 PENNSYLVANIA REAL ESTATE INV 286,158 6,713,000 0.36%
97 PACIFIC PREMIER BANCORP 369,218 6,399,000 0.34%
98 LIGHT & WONDER INC COM 499,339 6,357,000 0.34%
99 TELEFLEX INC 53,955 6,195,000 0.33%
100 SANCHEZ ENERGY CORP COM 661,858 6,149,000 0.33%
Page 2 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-15-004980, filed 2015.01.30).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.