Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers, Trust as of March 31, 2013

Portfolio Holdings for Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers, Trust holds 172 positions in its portfolio as reported in the March 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Triumph (TGI) 3.5 $9.1M 116k 78.50
SVB Financial (SIVBQ) 3.5 $9.1M 128k 70.94
WESCO International (WCC) 3.4 $8.7M 120k 72.61
Middleby Corporation (MIDD) 2.7 $7.0M 46k 152.15
Ultimate Software 2.5 $6.3M 61k 104.15
Evercore Partners (EVR) 2.2 $5.7M 137k 41.61
Aegerion Pharmaceuticals 2.1 $5.4M 133k 40.34
Red Robin Gourmet Burgers (RRGB) 2.1 $5.3M 117k 45.60
Infinity Pharmaceuticals (INFIQ) 2.0 $5.1M 104k 48.47
Acuity Brands (AYI) 2.0 $5.0M 73k 69.36
IPC The Hospitalist Company 1.8 $4.5M 102k 44.47
MWI Veterinary Supply 1.8 $4.5M 34k 132.26
Eagle Materials (EXP) 1.6 $4.2M 63k 66.62
Homeaway 1.6 $4.2M 130k 32.50
Guidewire Software (GWRE) 1.6 $4.1M 106k 38.43
Greatbatch 1.6 $4.0M 134k 29.87
Synageva Biopharma 1.5 $3.9M 72k 54.93
Gnc Holdings Inc Cl A 1.4 $3.6M 93k 39.28
Mattress Firm Holding 1.4 $3.5M 100k 34.55
Vitamin Shoppe 1.3 $3.5M 71k 48.84
Conceptus 1.3 $3.2M 135k 24.15
Trex Company (TREX) 1.2 $3.1M 62k 49.19
Cardinal Financial Corporation 1.2 $3.0M 168k 18.19
Chuys Hldgs (CHUY) 1.1 $2.8M 86k 32.57
IPG Photonics Corporation (IPGP) 1.1 $2.7M 41k 66.41
BJ's Restaurants (BJRI) 1.1 $2.7M 82k 33.28
Sourcefire 1.1 $2.7M 46k 59.23
Hibbett Sports (HIBB) 1.1 $2.7M 48k 56.27
Chart Industries (GTLS) 1.0 $2.7M 33k 80.03
Acadia Healthcare (ACHC) 1.0 $2.5M 87k 29.39
Texas Capital Bancshares (TCBI) 1.0 $2.5M 61k 40.45
Francescas Hldgs Corp 0.9 $2.3M 80k 28.72
Jazz Pharmaceuticals (JAZZ) 0.9 $2.3M 41k 55.91
Amtrust Financial Services 0.9 $2.2M 65k 34.65
Exacttarget 0.9 $2.2M 95k 23.27
Carmike Cinemas 0.8 $2.1M 119k 18.12
Delek US Holdings 0.8 $2.0M 52k 39.47
Ixia 0.8 $2.1M 95k 21.64
Multimedia Games 0.8 $2.0M 98k 20.87
Mistras (MG) 0.8 $2.0M 84k 24.21
Uni-Pixel 0.8 $2.0M 65k 30.65
Cepheid 0.8 $1.9M 51k 38.37
Roadrunner Transportation Services Hold. 0.8 $1.9M 85k 23.00
3D Systems Corporation (DDD) 0.7 $1.8M 57k 32.23
USG Corporation 0.7 $1.8M 67k 26.44
Abaxis 0.7 $1.8M 38k 47.33
FARO Technologies (FARO) 0.7 $1.7M 40k 43.38
Spirit Airlines (SAVE) 0.7 $1.8M 69k 25.35
Sarepta Therapeutics (SRPT) 0.7 $1.7M 47k 36.94
United Rentals (URI) 0.7 $1.7M 31k 54.99
Meritage Homes Corporation (MTH) 0.7 $1.7M 37k 46.85
Aruba Networks 0.7 $1.7M 70k 24.74
Microsemi Corporation 0.7 $1.7M 73k 23.17
Apogee Enterprises (APOG) 0.7 $1.7M 58k 28.96
Infoblox 0.6 $1.7M 76k 21.70
Signature Bank (SBNY) 0.6 $1.6M 20k 78.74
Incyte Corporation (INCY) 0.6 $1.6M 69k 23.40
Connectone Ban 0.6 $1.6M 50k 31.26
Mwi Veterinary Supply 0.6 $1.5M 87k 17.15
PhotoMedex 0.6 $1.5M 91k 16.09
Gulfport Energy Corporation 0.6 $1.4M 32k 45.82
Cavium 0.6 $1.4M 37k 38.81
Diamondback Energy (FANG) 0.6 $1.4M 52k 26.83
Sinclair Broadcast 0.5 $1.4M 68k 20.29
Financial Engines 0.5 $1.4M 38k 36.22
Bonanza Creek Energy 0.5 $1.3M 32k 38.69
BofI Holding 0.5 $1.2M 34k 35.89
Eagle Ban (EGBN) 0.5 $1.2M 54k 21.89
Five Below (FIVE) 0.5 $1.2M 31k 37.90
Horizon Ban (HBNC) 0.5 $1.2M 57k 20.22
Jive Software 0.4 $1.1M 74k 15.20
Rex Energy Corporation 0.4 $1.1M 66k 16.48
Qlik Technologies 0.4 $1.1M 42k 25.82
Home BancShares (HOMB) 0.4 $1.1M 28k 37.67
First Horizon National Corporation (FHN) 0.4 $1.0M 97k 10.68
First Financial Bankshares (FFIN) 0.4 $1.0M 21k 48.61
Fortinet (FTNT) 0.4 $1.0M 44k 23.68
Alnylam Pharmaceuticals (ALNY) 0.4 $995k 41k 24.38
Everbank Finl 0.4 $1.0M 65k 15.41
Cu Bancorp Calif 0.4 $1.0M 77k 12.97
Epam Systems (EPAM) 0.4 $988k 43k 23.24
Peregrine Semiconductor 0.4 $974k 100k 9.78
H&E Equipment Services (HEES) 0.4 $936k 46k 20.38
Tile Shop Hldgs (TTSH) 0.4 $926k 44k 21.02
ViewPoint Financial 0.3 $903k 45k 20.12
HMS Holdings 0.3 $879k 32k 27.16
Access National Corporation 0.3 $868k 53k 16.41
Achillion Pharmaceuticals 0.3 $817k 93k 8.75
Shfl Entertainment 0.3 $826k 50k 16.58
CapitalSource 0.3 $794k 83k 9.62
Campus Crest Communities 0.3 $786k 57k 13.91
Cambrex Corporation 0.3 $765k 60k 12.78
First of Long Island Corporation (FLIC) 0.3 $775k 26k 29.64
Black Diamond 0.3 $777k 85k 9.11
Omnicell (OMCL) 0.3 $735k 39k 18.88
Cass Information Systems (CASS) 0.3 $745k 18k 42.04
Lakeland Financial Corporation (LKFN) 0.3 $736k 28k 26.70
Old Line Bancshares 0.3 $754k 61k 12.42
Lithia Motors (LAD) 0.3 $725k 15k 47.50
Finisar Corporation 0.3 $688k 52k 13.19
Teche Holding Company 0.3 $701k 17k 41.24
Prosperity Bancshares (PB) 0.3 $667k 14k 47.41
Kodiak Oil & Gas 0.3 $658k 72k 9.09
EXACT Sciences Corporation (EXAS) 0.3 $667k 68k 9.81
8x8 (EGHT) 0.3 $663k 97k 6.85
First Business Financial Services (FBIZ) 0.3 $676k 25k 26.91
American Business Bank (AMBZ) 0.3 $675k 23k 29.20
Saul Centers (BFS) 0.2 $615k 14k 43.74
Bridge Ban 0.2 $613k 29k 21.51
Flagstar Ban 0.2 $619k 45k 13.93
American Campus Communities 0.2 $579k 13k 45.34
Capitol Federal Financial (CFFN) 0.2 $582k 48k 12.07
Homestreet (HMST) 0.2 $585k 26k 22.34
Tillys (TLYS) 0.2 $603k 47k 12.73
Western Alliance Bancorporation (WAL) 0.2 $559k 40k 13.84
Investors Ban 0.2 $535k 29k 18.79
Tree 0.2 $501k 27k 18.50
East West Ban (EWBC) 0.2 $506k 20k 25.66
Independent Bank (INDB) 0.2 $497k 15k 32.59
Urstadt Biddle Properties 0.2 $483k 22k 21.78
Northeast Bancorp 0.2 $493k 52k 9.45
Brightcove (BCOV) 0.2 $461k 74k 6.22
PennyMac Mortgage Investment Trust (PMT) 0.2 $437k 17k 25.90
Bryn Mawr Bank 0.2 $426k 18k 23.29
Bright Horizons Fam Sol In D (BFAM) 0.2 $429k 13k 33.78
PacWest Ban 0.2 $424k 15k 29.14
Heritage Oaks Ban 0.2 $407k 71k 5.70
Washington Banking Company 0.1 $397k 29k 13.95
Verastem 0.1 $375k 39k 9.62
Peoples Ban (PEBO) 0.1 $358k 16k 22.37
Tanger Factory Outlet Centers (SKT) 0.1 $365k 10k 36.17
Citizens Financial Services (CZFS) 0.1 $357k 7.2k 49.51
Pinnacle Financial Partners (PNFP) 0.1 $338k 15k 23.37
Republic Bancorp, Inc. KY (RBCAA) 0.1 $343k 15k 22.61
Monarch Financial Holdings 0.1 $337k 32k 10.62
Cubesmart (CUBE) 0.1 $335k 21k 15.78
SCBT Financial Corporation 0.1 $303k 6.0k 50.33
Tompkins Financial Corporation (TMP) 0.1 $318k 7.5k 42.29
Global Geophysical Svcs 0.1 $309k 126k 2.45
Central Valley Community Ban 0.1 $298k 35k 8.62
Axis Capital Holdings (AXS) 0.1 $285k 6.8k 41.67
Old National Ban (ONB) 0.1 $274k 20k 13.73
Renasant (RNST) 0.1 $288k 13k 22.40
Evans Bancorp (EVBN) 0.1 $288k 16k 18.06
Hersha Hospitality Trust 0.1 $259k 44k 5.84
Berkshire Hills Ban (BHLB) 0.1 $254k 10k 25.53
MidSouth Ban 0.1 $247k 15k 16.28
First PacTrust Ban 0.1 $246k 22k 11.39
Capit Bk Fin A 0.1 $266k 16k 17.15
Sovran Self Storage 0.1 $239k 3.7k 64.59
Center Ban 0.1 $220k 18k 12.43
Provident Financial Holdings (PROV) 0.1 $224k 13k 17.02
Hingham Institution for Savings (HIFS) 0.1 $230k 3.3k 69.70
Flushing Financial Corporation (FFIC) 0.1 $212k 13k 16.96
Heritage Financial Corporation (HFWA) 0.1 $215k 15k 14.48
Home Ban (HBCP) 0.1 $217k 12k 18.58
Territorial Ban (TBNK) 0.1 $210k 8.8k 23.78
Mindspeed Technologies 0.1 $200k 60k 3.32
Elmira Savings Bank 0.1 $200k 7.9k 25.40
Southern National Banc. of Virginia 0.1 $195k 20k 9.66
Atlas Financial Holdings (AFHIF) 0.1 $193k 32k 6.10
Cortland Ban 0.1 $207k 20k 10.39
HopFed Ban 0.1 $172k 16k 10.75
Provident New York Ban 0.1 $153k 17k 9.09
United Community Financial 0.1 $156k 40k 3.89
Whitestone REIT (WSR) 0.1 $155k 10k 15.12
Orrstown Financial Services (ORRF) 0.1 $154k 10k 14.82
WSB Holdings (WSB) 0.1 $162k 25k 6.48
Park Sterling Bk Charlott 0.1 $124k 22k 5.62
Xenith Bankshares 0.1 $128k 25k 5.19
Carolina Trust Bank 0.0 $93k 30k 3.10
Magnum Hunter Resources Wt 0.0 $6.8k 56k 0.12