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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 (2016Q1)
Portfolio Summary: 267 holdings with a total value of $1,780,073,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BANK OF THE OZARKS 1,004,956 42,178,000 2.37%
2 TREX CO INC COM 640,276 30,688,000 1.72%
3 LENDINGTREE INC NEW COM 305,922 29,913,000 1.68%
4 MICROSTRATEGY INC CL A NEW 160,388 28,825,000 1.62%
5 EPAM SYS INC 374,453 27,960,000 1.57%
6 PRIVATEBANCORP INC 714,981 27,598,000 1.55%
7 WELLCARE HEALTH PLANS INC COM 291,443 27,031,000 1.52%
8 APOGEE ENTERPRISES INC COM 604,781 26,544,000 1.49%
9 VEEVA SYS INC 1,000,847 25,061,000 1.41%
10 IMPERVA INC 477,378 24,108,000 1.35%
11 FCB FINL HLDGS INC 702,218 23,356,000 1.31%
12 OPUS BK IRVINE CALIF 674,971 22,949,000 1.29%
13 SPIRIT AIRLS INC 470,546 22,577,000 1.27%
14 MICROSEMI CORP 586,037 22,451,000 1.26%
15 FIVE BELOW INC COM 533,187 22,042,000 1.24%
16 RED ROBIN GOURMET BURGERS INC COM 326,646 21,059,000 1.18%
17 VONAGE HLDGS CORP COM 4,580,130 20,931,000 1.18%
18 8X8 INC NEW COM 2,014,599 20,267,000 1.14%
19 CAVIUM INC 329,184 20,133,000 1.13%
20 VIRTU FINL INC CL A 907,681 20,069,000 1.13%
21 JACK IN THE BOX INC 312,631 19,968,000 1.12%
22 Education Realty Trust Inc 461,028 19,179,000 1.08%
23 GIGAMON INC 614,871 19,073,000 1.07%
24 ACADIA HEALTHCARE COMPANY IN 343,269 18,918,000 1.06%
25 BURLINGTON STORES INC 335,182 18,851,000 1.06%
26 PROOFPOINT INC 346,845 18,653,000 1.05%
27 DAVE & BUSTERS ENTMT INC COM 479,498 18,595,000 1.04%
28 INSTALLED BLDG PRODS INC COM 691,834 18,410,000 1.03%
29 AMERICAN CAMPUS CMNTYS INC 379,272 17,860,000 1.00%
30 MACOM TECH SOLUTIONS HLDGS I 404,428 17,710,000 0.99%
31 AMICUS THERAPEUTICS INC 2,053,225 17,350,000 0.97%
32 MADDEN STEVEN LTD COM 464,174 17,193,000 0.97%
33 SUPER MICRO COMPUTER INC COM 495,152 16,875,000 0.95%
34 KORN FERRY COM NEW 595,168 16,837,000 0.95%
35 BOFI HLDG INC 778,127 16,605,000 0.93%
36 QTS RLTY TR INC 347,461 16,463,000 0.92%
37 CIENA CORP COM NEW 857,904 16,317,000 0.92%
38 Alarm.com Holdings, Inc. 675,221 16,003,000 0.90%
39 QLIK TECHNOLOGIES INC COM 526,730 15,233,000 0.86%
40 CANTEL MED CORP 208,017 14,844,000 0.83%
41 MATTHEWS INTL CORP 282,606 14,546,000 0.82%
42 AMERICAN EAGLE OUTFITTERS IN 869,125 14,488,000 0.81%
43 WALKER & DUNLOP INC COM 590,266 14,326,000 0.80%
44 CEPHEID 427,401 14,258,000 0.80%
45 IMPAX LABORATORIES INC 440,919 14,118,000 0.79%
46 IPG PHOTONICS CORP 146,188 14,046,000 0.79%
47 CORNERSTONE ONDEMAND INC 424,664 13,916,000 0.78%
48 Headwaters Inc 697,457 13,838,000 0.78%
49 COMSCORE INC 449,872 13,514,000 0.76%
50 ATRICURE INC 793,714 13,358,000 0.75%
Page 1 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-096837, filed 2016.04.28).

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.