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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
51 PACIFIC PREMIER BANCORP 623,256 13,319,000 0.75%
52 CUSTOMERS BANCORP INC COM 544,231 12,860,000 0.72%
53 LIVE OAK BANCSHARES INC 856,594 12,849,000 0.72%
54 GUIDEWIRE SOFTWARE INC 235,041 12,805,000 0.72%
55 PINNACLE FINL PARTNERS INC 259,673 12,740,000 0.72%
56 GTT COMMUNICATIONS INC COM 768,641 12,713,000 0.71%
57 TUTOR PERINI CORP 808,343 12,562,000 0.71%
58 K2M GROUP HLDGS INC COM 802,007 11,894,000 0.67%
59 SVB FINANCIAL GROUP 116,182 11,856,000 0.67%
60 NEUROCRINE BIOSCIE COM USD0.001 296,783 11,738,000 0.66%
61 MARINEMAX INC COM 602,185 11,725,000 0.66%
62 VIRGIN AMERICA ORD 304,020 11,723,000 0.66%
63 KNOLL INC 538,526 11,659,000 0.65%
64 PENN ENTERTAINMENT INC COM 677,216 11,303,000 0.63%
65 KFORCE INC COM 570,388 11,168,000 0.63%
66 LIFE STORAGE 88,990 10,496,000 0.59%
67 CONNECTONE BANCORP INC COM 632,777 10,346,000 0.58%
68 TENNANT CO 200,320 10,312,000 0.58%
69 TILE SHOP HLDGS INC 688,292 10,262,000 0.58%
70 LUMENTUM HLDGS INC COM 377,590 10,184,000 0.57%
71 MACROGENICS INC 525,496 9,853,000 0.55%
72 SIGNATURE BANK 72,298 9,841,000 0.55%
73 CHUYS HLDGS INC COM 301,291 9,361,000 0.53%
74 INTREXON CORPORATION 273,310 9,262,000 0.52%
75 NATIONAL COMM CORP COM 384,135 9,069,000 0.51%
76 HOME BANCSHARES INC 220,296 9,021,000 0.51%
77 BLUEBIRD BIO INC COM 212,085 9,014,000 0.51%
78 INTERFACE INC COM 483,619 8,966,000 0.50%
79 PORTOLA PHARMACEUTICALS INC 437,364 8,922,000 0.50%
80 CHEGG INC COM 1,988,074 8,867,000 0.50%
81 PACWEST BANCORP DEL COM 238,171 8,848,000 0.50%
82 PLANET FITNESS INC 543,038 8,819,000 0.50%
83 SRC ENERGY INC 1,131,836 8,794,000 0.49%
84 CUBESMART 256,231 8,532,000 0.48%
85 SYNCHRONOSS TECHNOLOGIES INC 261,608 8,460,000 0.48%
86 CALIFORNIA REPBANCORP COM 329,793 8,297,000 0.47%
87 OLLIES BARGAIN OUTLET HLDGS IN COM 352,607 8,262,000 0.46%
88 EAGLE BANCORP INC MD 167,748 8,052,000 0.45%
89 SEQUENTIAL BRNDS GROUP INC N 1,245,638 7,960,000 0.45%
90 INPHI CORPORATION 238,338 7,946,000 0.45%
91 ADAMAS PHARMACEUTICALS INC 538,578 7,788,000 0.44%
92 INSMED INC 607,213 7,693,000 0.43%
93 IMPRIVATA INC 597,927 7,552,000 0.42%
94 MASONITE INTL CORP NEW COM 109,309 7,160,000 0.40%
95 RELYPSA INC 518,859 7,031,000 0.39%
96 Marcus & Millichap Inc Com 276,514 7,021,000 0.39%
97 Bridge Bancorp Inc 225,409 6,868,000 0.39%
98 AMERIS BANCORP 231,628 6,852,000 0.38%
99 WESTERN ALLIANCE BANCORP 200,144 6,681,000 0.38%
100 MODEL N INCORPORATED 619,765 6,675,000 0.37%
Page 2 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.