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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 (2016Q2)
Portfolio Summary: 267 holdings with a total value of $1,782,536,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BANK OF THE OZARKS 1,032,826 38,752,000 2.17%
2 VEEVA SYS INC 1,038,773 35,443,000 1.99%
3 OPUS BK IRVINE CALIF 954,540 32,263,000 1.81%
4 8X8 INC NEW COM 2,130,524 31,127,000 1.75%
5 APOGEE ENTERPRISES INC COM 632,641 29,323,000 1.65%
6 MICROSTRATEGY INC CL A NEW 165,856 29,028,000 1.63%
7 VONAGE HLDGS CORP COM 4,585,848 27,974,000 1.57%
8 LENDINGTREE INC NEW COM 304,839 26,926,000 1.51%
9 INSTALLED BLDG PRODS INC COM 696,334 25,270,000 1.42%
10 FIVE BELOW INC COM 540,567 25,088,000 1.41%
11 Education Realty Trust Inc 531,692 24,532,000 1.38%
12 EPAM SYS INC 374,497 24,084,000 1.35%
13 QTS RLTY TR INC 424,511 23,764,000 1.33%
14 JACK IN THE BOX INC 273,290 23,481,000 1.32%
15 BURLINGTON STORES INC 346,702 23,128,000 1.30%
16 CYRUSONE INC 371,674 20,687,000 1.16%
17 IMPERVA INC 477,378 20,532,000 1.15%
18 PROOFPOINT INC 322,199 20,328,000 1.14%
19 MICROSEMI CORP 612,579 20,019,000 1.12%
20 FCB FINL HLDGS INC 585,181 19,896,000 1.12%
21 TREX CO INC COM 442,015 19,855,000 1.11%
22 TUTOR PERINI CORP 841,183 19,810,000 1.11%
23 NEXSTAR MEDIA GROUP INC 392,399 18,670,000 1.05%
24 MADDEN STEVEN LTD COM 537,705 18,379,000 1.03%
25 MASONITE INTL CORP NEW COM 273,045 18,059,000 1.01%
26 DAVE & BUSTERS ENTMT INC COM 383,983 17,967,000 1.01%
27 GIGAMON INC 468,601 17,521,000 0.98%
28 Headwaters Inc 950,807 17,057,000 0.96%
29 MATTHEWS INTL CORP 292,606 16,281,000 0.91%
30 PACIFIC PREMIER BANCORP 674,342 16,184,000 0.91%
31 ACADIA HEALTHCARE COMPANY IN 291,607 16,155,000 0.91%
32 DYCOM INDS INC COM 176,927 15,881,000 0.89%
33 GTT COMMUNICATIONS INC COM 855,261 15,805,000 0.89%
34 RED ROBIN GOURMET BURGERS INC COM 331,096 15,704,000 0.88%
35 QLIK TECHNOLOGIES INC COM 526,730 15,581,000 0.87%
36 BOFI HLDG INC 858,477 15,204,000 0.85%
37 GUIDEWIRE SOFTWARE INC 243,581 15,044,000 0.84%
38 PORTOLA PHARMACEUTICALS INC 636,526 15,022,000 0.84%
39 AMERICAN EAGLE OUTFITTERS IN 918,135 14,626,000 0.82%
40 TILE SHOP HLDGS INC 699,812 13,912,000 0.78%
41 WELLCARE HEALTH PLANS INC COM 128,604 13,797,000 0.77%
42 WALKER & DUNLOP INC COM 600,266 13,674,000 0.77%
43 CORNERSTONE ONDEMAND INC 356,494 13,568,000 0.76%
44 CIENA CORP COM NEW 722,674 13,550,000 0.76%
45 CEPHEID 440,520 13,546,000 0.76%
46 SPIRIT AIRLS INC 291,997 13,102,000 0.74%
47 KNOLL INC 538,526 13,075,000 0.73%
48 NUTRISYSTEM INC 509,302 12,916,000 0.72%
49 Alarm.com Holdings, Inc. 500,716 12,833,000 0.72%
50 CARETRUST REIT INC COM 918,235 12,653,000 0.71%
Page 1 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-114836, filed 2016.07.28).

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.