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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 (2016Q2)
Portfolio Summary: 315 holdings with a total value of $2,075,468,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 EPAM SYS INC 579,561 37,272,000 1.80%
2 VEEVA SYS INC 1,090,309 37,201,000 1.79%
3 FIVE BELOW INC COM 719,299 33,383,000 1.61%
4 MICROSTRATEGY INC CL A NEW 170,936 29,917,000 1.44%
5 8X8 INC NEW COM 2,037,816 29,772,000 1.43%
6 VONAGE HLDGS CORP COM 4,850,651 29,589,000 1.43%
7 APOGEE ENTERPRISES INC COM 629,795 29,191,000 1.41%
8 JACK IN THE BOX INC 333,300 28,637,000 1.38%
9 BANK OF THE OZARKS 710,383 26,654,000 1.28%
10 QTS RLTY TR INC 470,485 26,338,000 1.27%
11 MATTHEWS INTL CORP 469,343 26,114,000 1.26%
12 QLIK TECHNOLOGIES INC COM 850,626 25,162,000 1.21%
13 OPUS BK IRVINE CALIF 743,436 25,128,000 1.21%
14 PROOFPOINT INC 397,691 25,090,000 1.21%
15 NUTRISYSTEM INC 942,255 23,896,000 1.15%
16 BURLINGTON STORES INC 355,646 23,725,000 1.14%
17 LENDINGTREE INC NEW COM 268,030 23,675,000 1.14%
18 INSTALLED BLDG PRODS INC COM 603,766 21,911,000 1.06%
19 RICE ENERGY INC 970,903 21,399,000 1.03%
20 Education Realty Trust Inc 461,725 21,304,000 1.03%
21 TREX CO INC COM 472,490 21,224,000 1.02%
22 AMERICAN EAGLE OUTFITTERS IN 1,328,149 21,157,000 1.02%
23 MICROSEMI CORP 638,363 20,862,000 1.01%
24 KNOLL INC 856,145 20,787,000 1.00%
25 CYRUSONE INC 368,232 20,496,000 0.99%
26 PENN NATL GAMING INC 1,463,743 20,419,000 0.98%
27 IMPERVA INC 471,732 20,289,000 0.98%
28 TUTOR PERINI CORP 854,984 20,135,000 0.97%
29 WALKER & DUNLOP INC COM 840,653 19,150,000 0.92%
30 ACADIA HEALTHCARE COMPANY IN 338,002 18,725,000 0.90%
31 DYCOM INDS INC COM 205,144 18,414,000 0.89%
32 URBAN OUTFITTERS INC COM 661,805 18,200,000 0.88%
33 GTT COMMUNICATIONS INC COM 982,513 18,157,000 0.87%
34 NEXSTAR MEDIA GROUP INC 374,410 17,814,000 0.86%
35 MADDEN STEVEN LTD COM 517,960 17,704,000 0.85%
36 MASONITE INTL CORP NEW COM 259,556 17,167,000 0.83%
37 DAVE & BUSTERS ENTMT INC COM 360,236 16,855,000 0.81%
38 GIGAMON INC 448,122 16,755,000 0.81%
39 Headwaters Inc 904,624 16,229,000 0.78%
40 RED ROBIN GOURMET BURGERS INC COM 335,433 15,910,000 0.77%
41 CUSTOMERS BANCORP INC COM 615,638 15,471,000 0.75%
42 CHUYS HLDGS INC 442,452 15,313,000 0.74%
43 PORTOLA PHARMACEUTICALS INC 640,444 15,114,000 0.73%
44 WELLCARE HEALTH PLANS INC COM 138,424 14,850,000 0.72%
45 SPIRIT AIRLS INC 330,293 14,820,000 0.71%
46 IPG PHOTONICS CORP 185,191 14,815,000 0.71%
47 BOFI HLDG INC 831,132 14,719,000 0.71%
48 CEPHEID 463,671 14,258,000 0.69%
49 CUBESMART 454,334 14,030,000 0.68%
50 GUIDEWIRE SOFTWARE INC 226,950 14,016,000 0.68%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-114838, filed 2016.07.28).

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.