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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 (2016Q3)
Portfolio Summary: 319 holdings with a total value of $2,246,496,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 VEEVA SYS INC 1,054,619 43,535,000 1.94%
2 EPAM SYS INC 499,717 34,635,000 1.54%
3 VONAGE HLDGS CORP 4,724,757 31,231,000 1.39%
4 RICE ENERGY INCORPORATED 1,166,310 30,452,000 1.36%
5 FIVE BELOW INC 754,520 30,400,000 1.35%
6 MICROSEMI CORP 694,670 29,162,000 1.30%
7 8X8 INC NEW COM 1,876,875 28,960,000 1.29%
8 BURLINGTON STORES INC 351,256 28,459,000 1.27%
9 APOGEE ENTERPRISES INC 634,432 28,353,000 1.26%
10 NUTRI SYS INC NEW 953,155 28,299,000 1.26%
11 MATTHEWS INTL CORP 465,313 28,272,000 1.26%
12 BANK OF THE OZARKS INC 726,772 27,908,000 1.24%
13 PROOFPOINT INC 349,076 26,128,000 1.16%
14 OPUS BK IRVINE CALIF COM 737,943 26,101,000 1.16%
15 MICROSTRATEGY INC CL A NEW 155,295 26,003,000 1.16%
16 JACK IN THE BOX INC 268,244 25,735,000 1.15%
17 LENDINGTREE INC NEW COM 264,850 25,667,000 1.14%
18 TREX CO INC COM 436,989 25,660,000 1.14%
19 AMERICAN EAGLE OUTFITTERS NE 1,417,749 25,321,000 1.13%
20 BLUEBIRD BIO INC COM 373,554 25,319,000 1.13%
21 CAVIUM INC 428,963 24,966,000 1.11%
22 QTS RLTY TR INC 466,505 24,655,000 1.10%
23 URBAN OUTFITTERS INC 679,475 23,455,000 1.04%
24 GTT COMMUNICATIONS INC COM 970,523 22,836,000 1.02%
25 PENN ENTERTAINMENT INC COM 1,610,063 21,849,000 0.97%
26 INSTALLED BLDG PRODS INC COM 598,279 21,460,000 0.96%
27 KNOLL INC 856,865 19,579,000 0.87%
28 TAKE-TWO INTERACTIVE SOFTWAR 431,232 19,440,000 0.87%
29 LUMENTUM HLDGS INC COM 461,453 19,275,000 0.86%
30 ULTRAGENYX PHARMACEUTICAL INC COM 269,983 19,153,000 0.85%
31 BOFI HLDG INCORPORATED 848,605 19,009,000 0.85%
32 TUTOR PERINI CORP 858,034 18,422,000 0.82%
33 CHURCHILL DOWNS INC 125,502 18,367,000 0.82%
34 OLLIES BARGAIN OUTLET HLDGS IN COM 698,654 18,312,000 0.82%
35 EDUCATION RLTY TR INC 420,995 18,162,000 0.81%
36 MADDEN STEVEN LTD COM 511,841 17,689,000 0.79%
37 DYCOM INDS INC 214,898 17,574,000 0.78%
38 NEXSTAR MEDIA GROUP INC 297,320 17,158,000 0.76%
39 PORTOLA PHARMACEUTICALS INC 743,559 16,886,000 0.75%
40 CIENA CORP 768,409 16,751,000 0.75%
41 IMPERVA INC 306,440 16,459,000 0.73%
42 CUSTOMERS BANCORP INC COM 643,888 16,200,000 0.72%
43 MASONITE INTL CORP NEW COM 257,297 15,996,000 0.71%
44 SPIRIT AIRLS INC 374,743 15,938,000 0.71%
45 WABTEC CORP 192,974 15,756,000 0.70%
46 CORNERSTONE ONDEMAND INC 342,510 15,738,000 0.70%
47 HEADWATERS INC COM 902,124 15,264,000 0.68%
48 SAREPTA THERAPEUTICS INC 248,327 15,250,000 0.68%
49 CROWN HOLDINGS INC 266,991 15,243,000 0.68%
50 GIGAMON INC 274,502 15,043,000 0.67%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-129839, filed 2016.10.27).

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.