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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 (2016Q3)
Portfolio Summary: 283 holdings with a total value of $1,964,630,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 VEEVA SYS INC 1,042,399 43,030,000 2.19%
2 BANK OF THE OZARKS INC 1,055,086 40,515,000 2.06%
3 OPUS BK IRVINE CALIF 968,840 34,268,000 1.74%
4 VONAGE HLDGS CORP COM 4,724,894 31,232,000 1.59%
5 8X8 INC NEW COM 2,009,886 31,013,000 1.58%
6 LENDINGTREE INC NEW COM 304,839 29,542,000 1.50%
7 APOGEE ENTERPRISES INC 651,371 29,110,000 1.48%
8 MICROSEMI CORP 692,666 29,078,000 1.48%
9 EPAM SYS INC 372,477 25,816,000 1.31%
10 BURLINGTON STORES INC 318,592 25,812,000 1.31%
11 INSTALLED BLDG PRODS INC COM 715,344 25,659,000 1.31%
12 MICROSTRATEGY INC CL A NEW 152,058 25,461,000 1.30%
13 TREX CO INC COM 410,445 24,101,000 1.23%
14 QTS RLTY TR INC 438,321 23,165,000 1.18%
15 FCB FINL HLDGS INC 597,171 22,949,000 1.17%
16 FIVE BELOW INC COM 560,319 22,575,000 1.15%
17 Education Realty Trust Inc 521,602 22,502,000 1.15%
18 BLUEBIRD BIO INCORPORATED 323,863 21,951,000 1.12%
19 CAVIUM INC 367,523 21,390,000 1.09%
20 PROOFPOINT INC 285,569 21,375,000 1.09%
21 JACK IN THE BOX INC 222,193 21,317,000 1.09%
22 BOFI HLDG INC 938,848 21,030,000 1.07%
23 GTT COMMUNICATIONS INC COM 866,351 20,385,000 1.04%
24 CHURCHILL DOWNS INC 136,202 19,933,000 1.01%
25 MADDEN STEVEN LTD COM 554,085 19,149,000 0.97%
26 TUTOR PERINI CORP 875,503 18,797,000 0.96%
27 ULTRAGENYX PHARMACEUTICAL INC COM 264,546 18,767,000 0.96%
28 LUMENTUM HLDGS INC 448,751 18,744,000 0.95%
29 NEXSTAR MEDIA GROUP INC 319,189 18,420,000 0.94%
30 PACIFIC PREMIER BANCORP 693,792 18,358,000 0.93%
31 CIENA CORP COM NEW 829,614 18,086,000 0.92%
32 MATTHEWS INTL CORP 292,606 17,779,000 0.90%
33 MASONITE INTL CORP NEW COM 281,245 17,485,000 0.89%
34 AMERICAN EAGLE OUTFITTERS IN 946,945 16,912,000 0.86%
35 CORNERSTONE ONDEMAND INC 367,414 16,883,000 0.86%
36 TAKE-TWO INTERACTIVE SOFTWARE COM 372,873 16,809,000 0.86%
37 PORTOLA PHARMACEUTICALS INC 735,535 16,704,000 0.85%
38 Headwaters Inc 978,507 16,556,000 0.84%
39 SAREPTA THERAPEUTICS INC 266,295 16,353,000 0.83%
40 GIGAMON INC 293,497 16,084,000 0.82%
41 CYRUSONE INC 321,599 15,298,000 0.78%
42 CHEGG INC COM 2,156,082 15,287,000 0.78%
43 CALLON PETE CO DEL 972,497 15,268,000 0.78%
44 DYCOM INDS INC COM 185,106 15,138,000 0.77%
45 NUTRISYSTEM INC 509,302 15,121,000 0.77%
46 GUIDEWIRE SOFTWARE INC 251,041 15,057,000 0.77%
47 COMSCORE INC 485,152 14,875,000 0.76%
48 Alarm.com Holdings Inc 513,366 14,816,000 0.75%
49 IMPERVA INC 273,568 14,693,000 0.75%
50 NEUROCRINE BIOSCIE COM USD0.001 284,790 14,422,000 0.73%
Page 1 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-129841, filed 2016.10.27).

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.