Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers Trust as of June 30, 2013

Portfolio Holdings for Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust holds 206 positions in its portfolio as reported in the June 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
MWI Veterinary Supply 2.7 $16M 130k 123.24
Bank of the Ozarks 2.2 $13M 299k 43.33
Trex Company (TREX) 2.0 $12M 243k 47.49
Spirit Airlines (SAVE) 2.0 $12M 364k 31.72
SVB Financial (SIVBQ) 1.8 $11M 130k 83.32
Sinclair Broadcast 1.8 $10M 356k 29.37
Acadia Healthcare (ACHC) 1.6 $9.7M 294k 33.07
Multimedia Games 1.6 $9.6M 367k 26.07
Sourcefire 1.6 $9.2M 165k 55.55
NPS Pharmaceuticals 1.5 $9.1M 601k 15.11
Roadrunner Transportation Services Hold. 1.5 $9.0M 325k 27.84
Fifth & Pac Cos 1.4 $8.6M 384k 22.34
BioScrip 1.4 $8.4M 511k 16.50
Infoblox 1.4 $8.3M 284k 29.26
Middleby Corporation (MIDD) 1.4 $8.0M 47k 170.09
Ixia 1.4 $8.0M 436k 18.40
Akorn 1.3 $7.7M 571k 13.52
Amtrust Financial Services 1.3 $7.5M 211k 35.70
WESCO International (WCC) 1.2 $7.3M 107k 67.96
Ultimate Software 1.2 $7.3M 62k 117.29
Gulfport Energy Corporation 1.2 $7.2M 154k 47.09
Epam Systems (EPAM) 1.2 $7.1M 260k 27.18
Diamondback Energy (FANG) 1.2 $7.1M 212k 33.32
Jive Software 1.2 $7.0M 384k 18.17
Red Robin Gourmet Burgers (RRGB) 1.2 $6.8M 124k 55.18
Francescas Hldgs Corp 1.2 $6.8M 246k 27.79
Sarepta Therapeutics (SRPT) 1.1 $6.8M 178k 38.04
Alnylam Pharmaceuticals (ALNY) 1.1 $6.7M 215k 31.00
Homeaway 1.1 $6.3M 195k 32.34
Meritage Homes Corporation (MTH) 1.0 $6.1M 141k 43.36
Abaxis 1.0 $5.9M 125k 47.51
USG Corporation 1.0 $5.9M 257k 23.05
Magnum Hunter Resources Corporation 1.0 $5.8M 1.6M 3.65
Tile Shop Hldgs (TTSH) 1.0 $5.8M 200k 28.96
Acuity Brands (AYI) 1.0 $5.7M 76k 75.52
Qlik Technologies 0.9 $5.6M 199k 28.27
Evercore Partners (EVR) 0.9 $5.6M 142k 39.28
Jazz Pharmaceuticals (JAZZ) 0.9 $5.4M 79k 68.73
Rex Energy Corporation 0.9 $5.3M 302k 17.58
BJ's Restaurants (BJRI) 0.9 $5.3M 144k 37.10
Walker & Dunlop (WD) 0.9 $5.2M 300k 17.50
Cepheid 0.9 $5.1M 148k 34.42
8x8 (EGHT) 0.8 $5.0M 602k 8.24
Five Below (FIVE) 0.8 $5.0M 135k 36.84
IPG Photonics Corporation (IPGP) 0.8 $4.7M 77k 60.73
Jack in the Box (JACK) 0.8 $4.6M 117k 39.29
Standard Pacific 0.8 $4.6M 554k 8.33
Lithia Motors (LAD) 0.8 $4.6M 87k 53.31
Cavium 0.8 $4.6M 129k 35.37
Greatbatch 0.7 $4.4M 134k 32.79
Saba Software 0.7 $4.4M 447k 9.75
Guidewire Software (GWRE) 0.7 $4.4M 104k 42.05
Apogee Enterprises (APOG) 0.7 $4.3M 179k 24.00
CoBiz Financial 0.7 $4.3M 516k 8.30
Summit Hotel Properties (INN) 0.7 $4.1M 437k 9.45
Chuys Hldgs (CHUY) 0.7 $4.1M 106k 38.34
Female Health Company 0.7 $4.0M 409k 9.86
Pacific Premier Ban (PPBI) 0.7 $3.9M 322k 12.22
Aegerion Pharmaceuticals 0.7 $3.9M 62k 63.34
Everbank Finl 0.6 $3.8M 229k 16.56
ISIS Pharmaceuticals 0.6 $3.7M 139k 26.87
Texas Capital Bancshares (TCBI) 0.6 $3.6M 81k 44.36
FARO Technologies (FARO) 0.6 $3.6M 106k 33.82
Christopher & Banks Corporation (CBKCQ) 0.6 $3.6M 528k 6.74
EXACT Sciences Corporation (EXAS) 0.6 $3.5M 253k 13.91
Glimcher Realty Trust 0.6 $3.4M 314k 10.92
Celldex Therapeutics 0.6 $3.4M 218k 15.61
3D Systems Corporation (DDD) 0.6 $3.4M 79k 43.90
Portola Pharmaceuticals 0.6 $3.4M 139k 24.57
Black Diamond 0.6 $3.4M 357k 9.39
Penske Automotive (PAG) 0.6 $3.3M 109k 30.54
Synageva Biopharma 0.6 $3.3M 79k 41.98
Brightcove (BCOV) 0.6 $3.3M 377k 8.76
Lumber Liquidators Holdings (LL) 0.6 $3.2M 42k 77.88
Shfl Entertainment 0.5 $3.2M 180k 17.71
Regulus Therapeutics 0.5 $3.2M 327k 9.81
Cambrex Corporation 0.5 $3.1M 226k 13.97
Triumph (TGI) 0.5 $3.1M 39k 79.16
Omnicell (OMCL) 0.5 $3.0M 148k 20.55
Insys Therapeutics 0.5 $3.0M 218k 13.84
Incyte Corporation (INCY) 0.5 $3.0M 135k 22.00
Hovnanian Enterprises 0.5 $2.9M 518k 5.61
Restoration Hardware Hldgs I 0.5 $2.9M 39k 75.01
Tillys (TLYS) 0.5 $2.8M 176k 16.00
Hibbett Sports (HIBB) 0.5 $2.8M 50k 55.57
Achillion Pharmaceuticals 0.5 $2.8M 339k 8.18
Delek US Holdings 0.5 $2.7M 94k 28.78
H&E Equipment Services (HEES) 0.5 $2.6M 126k 21.07
Vitamin Shoppe 0.5 $2.6M 59k 44.83
Carmike Cinemas 0.4 $2.6M 135k 19.36
Taylor Morrison Hom (TMHC) 0.4 $2.6M 106k 24.38
Infinity Pharmaceuticals (INFIQ) 0.4 $2.5M 157k 16.19
Chart Industries (GTLS) 0.4 $2.5M 26k 94.08
Tidewater 0.4 $2.4M 41k 56.96
Mattress Firm Holding 0.4 $2.4M 59k 40.30
Verastem 0.4 $2.4M 170k 13.88
Approach Resources 0.4 $2.2M 90k 24.57
Inphi Corporation 0.4 $2.2M 197k 11.00
Boise Cascade (BCC) 0.3 $2.1M 81k 25.41
Epizyme 0.3 $1.9M 69k 28.13
Gnc Holdings Inc Cl A 0.3 $1.9M 43k 44.21
Financial Engines 0.3 $1.8M 39k 45.60
Microsemi Corporation 0.3 $1.7M 76k 22.75
HEALTH INSURANCE Common equity Innovations shares 0.3 $1.6M 149k 10.52
Independent Bank (IBTX) 0.3 $1.6M 53k 30.40
Diversified Restaurant Holdi 0.3 $1.5M 192k 7.96
Home BancShares (HOMB) 0.2 $1.5M 57k 25.96
PhotoMedex 0.2 $1.5M 92k 15.94
Connectone Ban 0.2 $1.5M 47k 30.74
Howard Ban 0.2 $1.4M 178k 7.88
Gigamon 0.2 $1.4M 51k 27.56
Signature Bank (SBNY) 0.2 $1.4M 17k 83.03
Cardinal Financial Corporation 0.2 $1.4M 94k 14.64
Liposcience 0.2 $1.4M 194k 6.99
BofI Holding 0.2 $1.2M 27k 45.83
Cu Bancorp Calif 0.2 $1.2M 77k 15.80
Blackhawk Network Hldgs Inc cl a 0.2 $1.2M 53k 23.20
First Nbc Bank Holding 0.2 $1.2M 50k 24.40
First Financial Bankshares (FFIN) 0.2 $1.2M 21k 55.65
Horizon Ban (HBNC) 0.2 $1.2M 57k 20.41
Cyan 0.2 $1.2M 114k 10.45
Nanostring Technologies (NSTG) 0.2 $1.2M 145k 8.00
Eagle Ban (EGBN) 0.2 $1.1M 48k 22.38
Uni-Pixel (UNXLQ) 0.2 $1.1M 73k 14.65
Intercept Pharmaceuticals In 0.2 $1.1M 24k 44.85
Old Line Bancshares 0.2 $962k 73k 13.19
PacWest Ban 0.1 $874k 29k 30.63
First of Long Island Corporation (FLIC) 0.1 $868k 26k 33.19
Ameris Ban (ABCB) 0.1 $915k 54k 16.84
Cass Information Systems (CASS) 0.1 $817k 18k 46.10
Gsv Cap Corp 0.1 $801k 102k 7.86
Customers Ban (CUBI) 0.1 $802k 49k 16.24
Lakeland Financial Corporation (LKFN) 0.1 $765k 28k 27.75
First Business Financial Services (FBIZ) 0.1 $753k 25k 29.97
Investors Ban 0.1 $722k 34k 21.09
Elmira Savings Bank 0.1 $708k 33k 21.54
American Business Bank (AMBZ) 0.1 $706k 25k 27.76
United Ins Hldgs (ACIC) 0.1 $686k 98k 6.99
Global Geophysical Svcs 0.1 $660k 140k 4.72
Bridge Ban 0.1 $641k 29k 22.49
Farmers Natl Banc Corp (FMNB) 0.1 $656k 105k 6.28
Flagstar Ban 0.1 $621k 45k 13.97
SCBT Financial Corporation 0.1 $571k 11k 50.35
United Community Financial 0.1 $581k 125k 4.65
ViewPoint Financial 0.1 $562k 27k 20.81
Capitol Federal Financial (CFFN) 0.1 $586k 48k 12.15
First PacTrust Ban 0.1 $565k 42k 13.58
Silvercrest Asset Mgmt Groupcl (SAMG) 0.1 $600k 50k 12.00
East West Ban (EWBC) 0.1 $542k 20k 27.48
Berkshire Hills Ban (BHLB) 0.1 $554k 20k 27.77
Independent Bank (INDB) 0.1 $526k 15k 34.49
Northeast Bancorp 0.1 $505k 52k 9.68
Tree 0.1 $464k 27k 17.13
Access National Corporation 0.1 $464k 36k 12.99
Urstadt Biddle Properties 0.1 $447k 22k 20.15
Heritage Oaks Ban 0.1 $481k 78k 6.18
Virginia Heritage Bank 0.1 $455k 30k 15.17
CapitalSource 0.1 $418k 45k 9.39
Campus Crest Communities 0.1 $404k 35k 11.54
Bryn Mawr Bank 0.1 $438k 18k 23.95
California Republic Ban 0.1 $428k 23k 18.92
PennyMac Mortgage Investment Trust (PMT) 0.1 $355k 17k 21.04
Washington Banking Company 0.1 $346k 24k 14.21
Western Alliance Bancorporation (WAL) 0.1 $359k 23k 15.84
American Campus Communities 0.1 $355k 8.7k 40.71
Tompkins Financial Corporation (TMP) 0.1 $340k 7.5k 45.21
Peoples Ban (PEBO) 0.1 $337k 16k 21.06
Pinnacle Financial Partners (PNFP) 0.1 $372k 15k 25.73
Republic Bancorp, Inc. KY (RBCAA) 0.1 $333k 15k 21.95
Monarch Financial Holdings 0.1 $344k 32k 10.84
Teche Holding Company 0.1 $347k 7.8k 44.44
Citizens Financial Services (CZFS) 0.1 $371k 7.6k 49.00
Central Valley Community Ban (CVCY) 0.1 $349k 35k 10.09
Cubesmart (CUBE) 0.1 $339k 21k 15.97
Prosperity Bancshares (PB) 0.1 $298k 5.8k 51.74
Renasant (RNST) 0.1 $313k 13k 24.34
Susquehanna Bancshares 0.1 $286k 22k 12.83
Shore Bancshares (SHBI) 0.1 $276k 38k 7.36
Sterling Finl Corp Wash 0.1 $317k 13k 23.80
Bankunited (BKU) 0.1 $301k 12k 25.97
Capit Bk Fin A 0.1 $295k 16k 19.02
Atlas Financial Holdings (AFHIF) 0.1 $283k 32k 8.94
Textura 0.1 $306k 12k 26.00
Hersha Hospitality Trust 0.0 $250k 44k 5.64
DiamondRock Hospitality Company (DRH) 0.0 $259k 28k 9.32
Sovran Self Storage 0.0 $240k 3.7k 64.86
Saul Centers (BFS) 0.0 $225k 5.1k 44.47
Center Ban 0.0 $225k 18k 12.71
Heritage Financial Corporation (HFWA) 0.0 $218k 15k 14.68
Home Ban (HBCP) 0.0 $216k 12k 18.49
Hingham Institution for Savings (HIFS) 0.0 $224k 3.3k 67.88
Armada Hoffler Pptys (AHH) 0.0 $236k 20k 11.80
Guaranty Bancorp Del 0.0 $255k 23k 11.33
Provident New York Ban 0.0 $157k 17k 9.33
Flushing Financial Corporation (FFIC) 0.0 $206k 13k 16.48
HopFed Ban 0.0 $173k 16k 10.81
Territorial Ban (TBNK) 0.0 $200k 8.8k 22.65
Whitestone REIT (WSR) 0.0 $162k 10k 15.80
MidSouth Ban 0.0 $197k 13k 15.55
Southern National Banc. of Virginia 0.0 $197k 20k 9.76
Cortland Ban 0.0 $199k 20k 9.99
Tristate Capital Hldgs 0.0 $164k 12k 13.78
Orrstown Financial Services (ORRF) 0.0 $132k 10k 12.70
Park Sterling Bk Charlott 0.0 $130k 22k 5.90
Xenith Bankshares 0.0 $131k 25k 5.31
Magnum Hunter Resources Wt 0.0 $7.9k 56k 0.14