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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
101 OLLIES BARGAIN OUTLET HLDGS IN COM 257,802 6,417,000 0.36%
102 Bridge Bancorp Inc 225,409 6,402,000 0.36%
103 ServisFirst Bancshares Inc 128,065 6,325,000 0.35%
104 PACWEST BANCORP DEL COM 155,112 6,170,000 0.35%
105 Meta Finl Group Inc 120,788 6,155,000 0.35%
106 Marcus & Millichap Inc Com 242,003 6,149,000 0.34%
107 AMICUS THERAPEUTICS INC COM 1,104,827 6,032,000 0.34%
108 ALDER BIOPHARMACEUTICALS INC 239,889 5,990,000 0.34%
109 INTERCEPT PHARMACEUTICALS INCORPORATED 41,491 5,920,000 0.33%
110 APPLIED GENETIC TECHNOL CORP 416,498 5,885,000 0.33%
111 SYNCHRONOSS TECHNOLOGIES INC 182,178 5,804,000 0.33%
112 ATLAS FINANCIAL HOLDINGS INC SHS NEW 323,833 5,576,000 0.31%
113 BANKUNITED INC 180,325 5,540,000 0.31%
114 REIS INC 221,026 5,504,000 0.31%
115 WSFS FINL CORPORATION 169,608 5,460,000 0.31%
116 Franklin Finl Network Inc 170,772 5,355,000 0.30%
117 Yadkin Finl Corp Com 212,524 5,332,000 0.30%
118 AMERIS BANCORP 171,237 5,086,000 0.29%
119 EQUITY BANCSHARES INC 228,773 5,065,000 0.28%
120 INTREXON CORPORATION 194,837 4,795,000 0.27%
121 SAREPTA THERAPEUTICS INC 247,086 4,712,000 0.26%
122 FIRST CHOICE BANK 286,000 4,433,000 0.25%
123 KONA GRILL INC COM 410,040 4,396,000 0.25%
124 APPLIED OPTOELECTRONICS INC COM 382,123 4,261,000 0.24%
125 MidWestOne Finl Group Inc NE 147,723 4,219,000 0.24%
126 STONEGATE BANK 129,815 4,189,000 0.24%
127 WASHINGTONFIRST BANKSHARES I 187,675 4,056,000 0.23%
128 MALVERN BANCORP INC COM 259,003 4,040,000 0.23%
129 GREAT WESTERN BANCORP INC COM 125,723 3,965,000 0.22%
130 OMNICELL INC 115,417 3,951,000 0.22%
131 TILLYS INC CL A 676,900 3,919,000 0.22%
132 BNC BANCORP 171,605 3,897,000 0.22%
133 MALIBU BOATS INCORPORATED COM CLASS A 321,408 3,883,000 0.22%
134 GLOBAL MED REIT INC COM NEW 383,110 3,873,000 0.22%
135 SUPER MICRO COMPUTER INC COM 153,661 3,818,000 0.21%
136 INPHI CORPORATION 119,058 3,813,000 0.21%
137 FCB Financial Holdings Inc 460,661 3,630,000 0.20%
138 REATA PHARMACEUTICALS INC 182,390 3,602,000 0.20%
139 AIMMUNE THERAPEUTICS INC COM 332,625 3,599,000 0.20%
140 WESTERN ALLIANCE BANCORP 108,804 3,552,000 0.20%
141 NEOGENOMICS INC 425,820 3,424,000 0.19%
142 Howard Bancorp Inc 262,499 3,412,000 0.19%
143 Oceanfirst Financial Corporati 182,919 3,324,000 0.19%
144 SIGMA DESIGNS INC COM 514,084 3,306,000 0.19%
145 ZIOPHARM ONCOLOGY INC 596,693 3,276,000 0.18%
146 1st Source Corp 100,000 3,239,000 0.18%
147 CENTERSTATE BANKS COMMON STK USD0.01 203,323 3,202,000 0.18%
148 SIMMONS 1ST NATL CORP CL A $1 PAR 66,236 3,059,000 0.17%
149 First Fndtn Inc 142,037 3,054,000 0.17%
150 CONNECTONE BANCORP INC COM 190,470 2,988,000 0.17%
Page 3 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.