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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 (2015Q4)
Portfolio Summary: 278 holdings with a total value of $1,894,022,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BANK OF THE OZARKS 935,199 46,255,000 2.44%
2 PRIVATEBANCORP INC 810,821 33,260,000 1.76%
3 MICROSTRATEGY INC CL A NEW 176,515 31,647,000 1.67%
4 BOFI HLDG INC 1,461,836 30,772,000 1.62%
5 EPAM SYS INC 382,513 30,073,000 1.59%
6 VEEVA SYS INC 1,004,027 28,966,000 1.53%
7 LENDINGTREE INC NEW COM 324,332 28,956,000 1.53%
8 APOGEE ENTERPRISES INC COM 647,324 28,165,000 1.49%
9 VONAGE HLDGS CORP COM 4,673,641 26,827,000 1.42%
10 WELLCARE HEALTH PLANS INC COM 342,950 26,822,000 1.42%
11 ACADIA HEALTHCARE COMPANY IN 424,570 26,519,000 1.40%
12 OPUS BK IRVINE CALIF 682,178 25,220,000 1.33%
13 FCB FINL HLDGS INC 691,218 24,739,000 1.31%
14 JACK IN THE BOX INC 318,329 24,419,000 1.29%
15 TREX CO INC COM 640,276 24,356,000 1.29%
16 IMPERVA INC 370,305 23,444,000 1.24%
17 8X8 INC NEW COM 1,958,011 22,419,000 1.18%
18 QLIK TECHNOLOGIES INC COM 686,185 21,725,000 1.15%
19 KORN FERRY COM NEW 642,532 21,319,000 1.13%
20 PROOFPOINT INC 315,677 20,522,000 1.08%
21 DAVE & BUSTERS ENTMT INC COM 491,258 20,505,000 1.08%
22 FIRST NBC BK HLDG CO 543,794 20,332,000 1.07%
23 RED ROBIN GOURMET BURGERS INC COM 321,236 19,833,000 1.05%
24 AMERIS BANCORP COM 570,605 19,395,000 1.02%
25 MICROSEMI CORP 585,614 19,085,000 1.01%
26 AMICUS THERAPEUTICS INC 1,965,578 19,066,000 1.01%
27 VIRTU FINL INC CL A 825,171 18,682,000 0.99%
28 WALKER & DUNLOP INC COM 632,006 18,208,000 0.96%
29 ATRICURE INC 800,554 17,964,000 0.95%
30 SPIRIT AIRLS INC 446,886 17,808,000 0.94%
31 RENTRAK CORP 366,586 17,424,000 0.92%
32 K2M GROUP HLDGS INC COM 865,821 17,091,000 0.90%
33 GUIDEWIRE SOFTWARE INC 283,721 17,069,000 0.90%
34 NEUROCRINE BIOSCIE COM USD0.001 296,138 16,753,000 0.88%
35 CANTEL MED CORP 268,725 16,699,000 0.88%
36 BURLINGTON STORES INC 384,642 16,501,000 0.87%
37 MADDEN STEVEN LTD COM 544,450 16,453,000 0.87%
38 FIVE BELOW INC COM 511,187 16,409,000 0.87%
39 AMERICAN EAGLE OUTFITTERS IN 1,044,795 16,194,000 0.86%
40 GIGAMON INC 601,571 15,984,000 0.84%
41 CIENA CORP COM NEW 742,304 15,358,000 0.81%
42 KFORCE INC COM 602,039 15,220,000 0.80%
43 CEPHEID 412,452 15,067,000 0.80%
44 MACROGENICS INC 481,382 14,908,000 0.79%
45 PINNACLE FINL PARTNERS INC COM 290,043 14,897,000 0.79%
46 CONNECTONE BANCORP INC COM 794,938 14,857,000 0.78%
47 MATTHEWS INTL CORP 277,106 14,811,000 0.78%
48 SYNCHRONOSS TECHNOLOGIES INC COM 418,705 14,751,000 0.78%
49 CAVIUM INC 223,713 14,700,000 0.78%
50 INSTALLED BLDG PRODS INC COM 577,705 14,344,000 0.76%
Page 1 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-076801, filed 2016.01.25).

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.