Dark
Light
System
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
101 APPLIED GENETIC TECHNOL CORP 475,788 6,652,000 0.37%
102 NEXSTAR MEDIA GROUP INC 149,960 6,639,000 0.37%
103 APPLIED OPTOELECTRONICS INC COM 423,559 6,315,000 0.35%
104 BANKUNITED INC 183,223 6,310,000 0.35%
105 MALIBU BOATS INCORPORATED COM CLASS A 373,318 6,122,000 0.34%
106 CHANNELADVISOR CORP COM 540,434 6,080,000 0.34%
107 PAREXEL INTERNATIONAL CORPORATION 90,800 5,696,000 0.32%
108 ServisFirst Bancshares Inc 128,065 5,686,000 0.32%
109 MARCUS CORP DEL COM 294,723 5,585,000 0.31%
110 ATLAS FINANCIAL HOLDINGS INC SHS NEW 304,092 5,516,000 0.31%
111 WSFS FINL CORPORATION 169,608 5,516,000 0.31%
112 Meta Finl Group Inc 120,788 5,508,000 0.31%
113 SIGMA DESIGNS INC COM 776,472 5,280,000 0.30%
114 PARSLEY ENERGY CLA A 231,879 5,240,000 0.29%
115 REIS INC 221,026 5,205,000 0.29%
116 Yadkin Finl Corp Com 212,524 5,030,000 0.28%
117 EQUITY BANCSHARES INC 228,773 4,804,000 0.27%
118 Teladoc, Inc. 495,735 4,759,000 0.27%
119 First Fndtn Inc 210,436 4,720,000 0.27%
120 KONA GRILL INC COM 360,040 4,663,000 0.26%
121 TILLYS INC CL A 676,900 4,528,000 0.25%
122 AIMMUNE THERAPEUTICS INC COM 328,655 4,457,000 0.25%
123 NEOS THERAPEUTICS INC COM 402,968 4,348,000 0.24%
124 ZIOPHARM ONCOLOGY INC 578,764 4,294,000 0.24%
125 FIRST CHOICE BANK 275,000 4,263,000 0.24%
126 MALVERN BANCORP INC COM 259,003 4,149,000 0.23%
127 WASHINGTONFIRST BANKSHARES I 187,675 4,101,000 0.23%
128 CARETRUST REIT INC COM 320,030 4,064,000 0.23%
129 MidWestOne Finl Group Inc NE 147,723 4,055,000 0.23%
130 Franklin Finl Network Inc 146,082 3,944,000 0.22%
131 STONEGATE BANK 129,815 3,889,000 0.22%
132 CU Bancorp Calif 178,354 3,776,000 0.21%
133 STERLING BANCORP DEL COM 235,753 3,756,000 0.21%
134 WEBSTER FINL CORP CONN 104,320 3,745,000 0.21%
135 CHURCHILL DOWNS INC 24,711 3,654,000 0.21%
136 BNC BANCORP 171,605 3,624,000 0.20%
137 FARO TECHNOLOGIES INC COM 111,692 3,598,000 0.20%
138 GREAT WESTERN BANCORP INC COM 125,064 3,410,000 0.19%
139 Oceanfirst Financial Corporati 182,919 3,234,000 0.18%
140 RENASANT CORP 97,812 3,219,000 0.18%
141 1st Source Corp 100,000 3,184,000 0.18%
142 Howard Bancorp Inc 262,499 3,158,000 0.18%
143 FIRST NBC BK HLDG CO 149,550 3,079,000 0.17%
144 CENTERSTATE BANKS COMMON STK USD0.01 203,323 3,027,000 0.17%
145 SIMMONS 1ST NATL CORP CL A $1 PAR 66,236 2,985,000 0.17%
146 TELENAV INC COM 500,677 2,954,000 0.17%
147 First Bus Finl Svcs Inc Wis 119,800 2,747,000 0.15%
148 SPARK THERAPEUTICS INCORPORATED 92,360 2,726,000 0.15%
149 MATCH GROUP INCORPORATED 234,850 2,597,000 0.15%
150 AMTRUST FINL SVCS INC 100,000 2,588,000 0.15%
Page 3 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.