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Institutional Investment Manager
EMERALD MUTUAL FUND ADVISERS TRUST
EMERALD MUTUAL FUND ADVISERS TRUST (CIK: 0001352895) incorporated in Delaware, located at 3175 Oregon Pike, Leola, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 219 holdings with a total value of $1,220,308,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 SQBG Inc 715,010 9,245,000 0.76%
52 ROADRUNNER TRANSHOLDINGS INC 362,269 9,136,000 0.75%
53 BOFI HLDG INCORPORATED 98,344 9,003,000 0.74%
54 DIAMONDBACK ENERGY INC 111,329 8,932,000 0.73%
55 CHUYS HLDGS INC COM 360,425 8,924,000 0.73%
56 HORIZON PHARMA PLC 294,868 8,719,000 0.71%
57 GUIDEWIRE SOFTWARE INC 165,037 8,509,000 0.70%
58 Marcus & Millichap Inc Com 211,287 8,228,000 0.67%
59 BLUEBIRD BIO INC COM 59,912 7,955,000 0.65%
60 8X8 INC NEW COM 878,877 7,787,000 0.64%
61 INSMED INC 367,720 7,733,000 0.63%
62 POLYONE CORP 196,080 7,708,000 0.63%
63 TENNANT CO 115,720 7,707,000 0.63%
64 VONAGE HLDGS CORP 1,551,430 7,649,000 0.63%
65 ARC DOCUMENT SOLUTIONS INC COM 861,794 7,635,000 0.63%
66 CALIFORNIA REPBANCORP COM 258,149 7,099,000 0.58%
67 SUPER MICRO COMPUTER INC COM 229,898 6,823,000 0.56%
68 PACIFIC PREMIER BANCORP 430,447 6,814,000 0.56%
69 Abaxis Inc 104,070 6,719,000 0.55%
70 ATRICURE INC 327,133 6,693,000 0.55%
71 KNOLL INC 287,342 6,678,000 0.55%
72 CHEGG INC COM 825,842 6,590,000 0.54%
73 BURLINGTON STORES INC 121,630 6,347,000 0.52%
74 GIGAMON INC 208,224 6,340,000 0.52%
75 AMICUS THERAPEUTICS INC COM 581,562 6,199,000 0.51%
76 MODEL N INCORPORATED 508,661 6,175,000 0.51%
77 INPHI CORPORATION 333,112 6,136,000 0.50%
78 ZS PHARMA INC 152,754 6,112,000 0.50%
79 CHANNELADVISOR CORP COM 539,979 6,053,000 0.50%
80 KORN FERRY COM NEW 182,559 5,972,000 0.49%
81 ADAMAS PHARMACEUTICALS INC 326,530 5,721,000 0.47%
82 HEICO CORP NEW 97,619 5,705,000 0.47%
83 VIRGIN AMERICA ORD 187,672 5,670,000 0.46%
84 H&E EQUIPMENT SERVICES LLC COM 225,175 5,524,000 0.45%
85 MALIBU BOATS INCORPORATED COM CLASS A 242,686 5,346,000 0.44%
86 ACUITY BRANDS INC 32,070 5,311,000 0.44%
87 ENPHASE ENERGY INC 398,470 5,264,000 0.43%
88 PUMA BIOTECHNOLOGY 26,322 5,253,000 0.43%
89 TILLYS INC CL A 364,589 5,184,000 0.42%
90 CIENA CORP 219,528 4,906,000 0.40%
91 CHRISTOPHER & BANKS CORP 763,976 4,889,000 0.40%
92 VEEVA SYS INC 177,680 4,844,000 0.40%
93 METHODE ELECTRS INC COM 104,776 4,667,000 0.38%
94 FIVE BELOW INC 132,762 4,623,000 0.38%
95 BELLICUM PHARMACEUTICALS INCORPORATED 164,710 4,134,000 0.34%
96 ETHAN ALLEN INTERIORS INC COM 161,669 4,011,000 0.33%
97 SIGNATURE BANK 29,915 3,980,000 0.33%
98 FCB Financial Holdings Inc 306,433 3,913,000 0.32%
99 SANCHEZ ENERGY CORP COM 274,519 3,879,000 0.32%
100 SVB FINANCIAL GROUP 28,554 3,735,000 0.31%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-15-025900, filed 2015.04.29).

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.