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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
251 XCERRA CORP 53,437 408,000 0.02%
252 ILG INC 21,268 386,000 0.02%
253 DUCOMMUN INC DEL COM 15,020 384,000 0.02%
254 U S SILICA HLDGS INC 6,700 380,000 0.02%
255 Mid Penn Bancorp Inc 15,773 376,000 0.02%
256 CUBIC CORP COM 7,692 369,000 0.02%
257 Commerce Union Bancshares Inc 17,052 367,000 0.02%
258 ZAGG INCORPORATED 50,033 355,000 0.02%
259 ICF INTL INC COM 6,242 345,000 0.02%
260 SOUTHERN NATL BANCORP OF VA COM 20,598 337,000 0.02%
261 SYNAPTICS INC 6,235 334,000 0.02%
262 WEBSITE PROS INC COM 15,141 320,000 0.02%
263 Xperi Corporation 7,161 317,000 0.02%
264 EVERI HLDGS INC 142,331 309,000 0.01%
265 NN Inc Com 16,034 305,000 0.01%
266 NATIONAL CAPITAL BANK OF WASHINGTON 1,716 304,000 0.01%
267 West Corp 12,273 304,000 0.01%
268 MITEL NETWORKS CORP 42,312 288,000 0.01%
269 1st Constitution Bancorp 14,756 276,000 0.01%
270 MIDDLEBY CORP 2,101 271,000 0.01%
271 ENPHASE ENERGY INC 268,600 271,000 0.01%
272 WABTEC CORP 3,142 261,000 0.01%
273 CINEMARK HOLDINGS INC 6,606 253,000 0.01%
274 ALLIANCE DATA SYSTEMS CORP 1,066 244,000 0.01%
275 S&P GLOBAL INC 2,259 243,000 0.01%
276 SIX FLAGS ENTMT CORP NEW 4,015 241,000 0.01%
277 NVIDIA CORPORATION 2,210 236,000 0.01%
278 FOOT LOCKER INC 3,205 227,000 0.01%
279 MGM RESORTS INTERNATIONAL 7,775 224,000 0.01%
280 BUILDERS FIRSTSOURCE 19,795 217,000 0.01%
281 HOPFED BANCORP INC 16,003 215,000 0.01%
282 INCYTE CORP 2,138 214,000 0.01%
283 CROWN HOLDINGS INC 4,061 213,000 0.01%
284 SBA COMMUNICATIONS CORP 2,049 212,000 0.01%
285 Jones Energy Inc 42,366 212,000 0.01%
286 AFFILIATED MANAGERS GROUP 1,451 211,000 0.01%
287 ON SEMICONDUCTOR CORP 12,658 162,000 0.01%
288 FITBIT INC 12,216 89,000 0.00%
Page 6 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.