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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 (2016Q4)
Portfolio Summary: 288 holdings with a total value of $2,100,933,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BANK OF THE OZARKS 1,055,388 55,503,000 2.64%
2 VEEVA SYS INC 1,025,298 41,730,000 1.99%
3 MICROSEMI CORP 687,998 37,131,000 1.77%
4 BOFI HLDG INC 1,252,908 35,771,000 1.70%
5 APOGEE ENTERPRISES INC COM 651,371 34,887,000 1.66%
6 VONAGE HLDGS CORP COM 4,735,594 32,439,000 1.54%
7 FCB FINL HLDGS INC 679,974 32,435,000 1.54%
8 LENDINGTREE INC NEW COM 304,839 30,895,000 1.47%
9 INSTALLED BLDG PRODS INC COM 715,344 29,544,000 1.41%
10 8X8 INC NEW COM 2,009,886 28,741,000 1.37%
11 MICROSTRATEGY INC CL A NEW 141,623 27,956,000 1.33%
12 TREX CO INC COM 416,491 26,822,000 1.28%
13 OPUS BK IRVINE CALIF 884,642 26,583,000 1.27%
14 SPIRIT AIRLS INC 452,447 26,179,000 1.25%
15 GTT COMMUNICATIONS INC COM 874,351 25,138,000 1.20%
16 JACK IN THE BOX INC 222,193 24,806,000 1.18%
17 PACIFIC PREMIER BANCORP 693,792 24,526,000 1.17%
18 TAKE-TWO INTERACTIVE SOFTWARE COM 494,015 24,350,000 1.16%
19 EPAM SYS INC 363,477 23,375,000 1.11%
20 CAVIUM INC 366,442 22,881,000 1.09%
21 MATTHEWS INTL CORP 292,606 22,487,000 1.07%
22 QTS RLTY TR INC 438,321 21,763,000 1.04%
23 PROOFPOINT INC 301,296 21,287,000 1.01%
24 DYCOM INDS INC COM 264,677 21,251,000 1.01%
25 CALLON PETE CO DEL 1,374,614 21,128,000 1.01%
26 IBERIABANK CORP COM 248,588 20,819,000 0.99%
27 CHURCHILL DOWNS INC 136,202 20,492,000 0.98%
28 NUTRISYSTEM INC 587,788 20,367,000 0.97%
29 CIENA CORP COM NEW 833,845 20,354,000 0.97%
30 TUTOR PERINI CORP 722,913 20,242,000 0.96%
31 NEXSTAR MEDIA GROUP INC 319,189 20,205,000 0.96%
32 MADDEN STEVEN LTD COM 554,085 19,809,000 0.94%
33 IMPERVA INC 504,892 19,388,000 0.92%
34 MASONITE INTL CORP NEW COM 293,845 19,335,000 0.92%
35 LUMENTUM HLDGS INC 499,777 19,316,000 0.92%
36 BURLINGTON STORES INC 223,892 18,975,000 0.90%
37 ULTRAGENYX PHARMACEUTICAL INC COM 264,546 18,600,000 0.89%
38 K2M GROUP HLDGS INC COM 921,137 18,460,000 0.88%
39 COGENT COMMUNICATIONS HLDGS IN COM NEW 443,128 18,323,000 0.87%
40 CUSTOMERS BANCORP INC COM 507,792 18,189,000 0.87%
41 MERCURY SYS INC COM 576,157 17,411,000 0.83%
42 U S CONCRETE INC 246,774 16,164,000 0.77%
43 CHEGG INC COM 2,181,082 16,096,000 0.77%
44 KNOLL INC 565,549 15,796,000 0.75%
45 TENNANT CO COM 216,550 15,418,000 0.73%
46 FIVE BELOW INC COM 379,751 15,175,000 0.72%
47 GMS INC 516,243 15,116,000 0.72%
48 KLX INC COM 329,423 14,860,000 0.71%
49 CARETRUST REIT INC COM 945,965 14,492,000 0.69%
50 EXELIXIS INC 969,690 14,458,000 0.69%
Page 1 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-17-003969, filed 2017.01.26).

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.