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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 (2015Q3)
Portfolio Summary: 331 holdings with a total value of $1,914,708,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 TELEFLEX INC 53,875 6,692,000 0.35%
102 SEI INVESTMENTS CO 137,479 6,631,000 0.35%
103 MODEL N INCORPORATED 661,530 6,622,000 0.35%
104 CHIMERIX INC 172,599 6,593,000 0.34%
105 INOGEN INC COM 133,997 6,506,000 0.34%
106 ACTUA CORP 539,737 6,347,000 0.33%
107 OLLIES BARGAIN OUTLET HLDGS IN COM 390,387 6,313,000 0.33%
108 BLUEBIRD BIO INC COM 69,769 5,969,000 0.31%
109 CHANNELADVISOR CORP COM 596,239 5,927,000 0.31%
110 ARC DOCUMENT SOLUTIONS INC COM 995,952 5,926,000 0.31%
111 ADAMAS PHARMACEUTICALS INC 351,521 5,884,000 0.31%
112 Penns Woods Bancorp Inc 142,305 5,823,000 0.30%
113 TOLL BROTHERS INC 167,945 5,750,000 0.30%
114 PLANET FITNESS INC 317,860 5,448,000 0.28%
115 AMERISOURCEBERGEN CORP 55,117 5,236,000 0.27%
116 GSV CAP CORP 666,004 5,228,000 0.27%
117 UNIVERSAL HLTH SVCS INC 41,827 5,220,000 0.27%
118 SOUTHWEST AIRLS CO 133,573 5,081,000 0.27%
119 SYNAPTICS INC 61,369 5,060,000 0.26%
120 URBAN OUTFITTERS INC 171,375 5,035,000 0.26%
121 WEST PHARMACEUTICAL SVSC INC 92,920 5,029,000 0.26%
122 RELYPSA INC 255,830 4,735,000 0.25%
123 NUTRI SYS INC NEW 177,467 4,706,000 0.25%
124 IMPRIVATA INC 262,424 4,663,000 0.24%
125 MIDDLEBY CORP 43,336 4,559,000 0.24%
126 RADIAN GROUP INC 284,810 4,531,000 0.24%
127 ARAMARK 151,500 4,490,000 0.23%
128 TILLYS INC CL A 607,447 4,471,000 0.23%
129 ULTIMATE SOFTWARE GROUP INCORPORATED 24,939 4,464,000 0.23%
130 ZIOPHARM ONCOLOGY INC 493,966 4,451,000 0.23%
131 ACUITY BRANDS INC 25,217 4,428,000 0.23%
132 Orrstown FINL Svcs 256,373 4,322,000 0.23%
133 ATLAS FINANCIAL HOLDINGS INC SHS NEW 232,488 4,301,000 0.22%
134 CONFORMIS INCORPORATED 236,981 4,280,000 0.22%
135 HFF INC 125,670 4,243,000 0.22%
136 IMAX CORP 124,377 4,203,000 0.22%
137 CoBiz Financial Inc 321,325 4,180,000 0.22%
138 HERSHA HOSPITALITY TR 183,420 4,156,000 0.22%
139 PENNSYLVANIA REAL ESTATE INV 206,718 4,099,000 0.21%
140 PEP BOYS MANNY MOE & JACK 334,635 4,079,000 0.21%
141 MALIBU BOATS INCORPORATED COM CLASS A 290,609 4,063,000 0.21%
142 DICKS SPORTING GOODS INC 81,684 4,052,000 0.21%
143 AFFILIATED MANAGERS GROUP 23,574 4,031,000 0.21%
144 JARDEN CORP 82,423 4,029,000 0.21%
145 SIGMA DESIGNS INC COM 584,299 4,026,000 0.21%
146 TRISTATE CAP HLDGS INC COM 319,950 3,990,000 0.21%
147 MILACRON HLDGS CORP COM 225,855 3,964,000 0.21%
148 WHIRLPOOL CORP 26,795 3,946,000 0.21%
149 Royal Bancshares of Pennsylvania, Inc. 1,807,774 3,832,000 0.20%
150 INOVALON HLDGS INC COM CL A 183,290 3,818,000 0.20%
Page 3 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-15-060492, filed 2015.10.23).

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.