Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers, Trust as of Sept. 30, 2012

Portfolio Holdings for Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers, Trust holds 167 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Middleby Corporation (MIDD) 3.5 $8.3M 72k 115.64
Hibbett Sports (HIBB) 3.3 $7.8M 131k 59.45
SVB Financial (SIVBQ) 3.2 $7.6M 126k 60.46
WESCO International (WCC) 3.1 $7.3M 127k 57.20
Ultimate Software 2.8 $6.5M 64k 102.10
Vitamin Shoppe 2.5 $6.0M 103k 58.32
Sourcefire 2.5 $5.9M 121k 49.03
Signature Bank (SBNY) 2.5 $5.9M 87k 67.07
Ulta Salon, Cosmetics & Fragrance (ULTA) 2.5 $5.8M 60k 96.31
Chart Industries (GTLS) 2.4 $5.6M 75k 73.85
Allied Nevada Gold 2.1 $5.0M 128k 39.06
MWI Veterinary Supply 1.7 $4.1M 38k 106.67
Texas Capital Bancshares (TCBI) 1.7 $3.9M 80k 49.71
Select Comfort 1.7 $4.0M 126k 31.53
Synageva Biopharma 1.7 $3.9M 74k 53.44
United Rentals (URI) 1.6 $3.8M 118k 32.71
Hornbeck Offshore Services 1.6 $3.7M 102k 36.65
Carpenter Technology Corporation (CRS) 1.4 $3.4M 65k 52.33
Red Robin Gourmet Burgers (RRGB) 1.4 $3.3M 103k 32.59
Synchronoss Technologies 1.2 $2.7M 119k 22.90
FARO Technologies (FARO) 1.1 $2.6M 64k 41.32
Homeaway 1.1 $2.5M 107k 23.42
Microsemi Corporation 1.1 $2.5M 124k 20.07
IPG Photonics Corporation (IPGP) 1.0 $2.4M 42k 57.30
Apogee Enterprises (APOG) 1.0 $2.4M 121k 19.65
Triumph (TGI) 1.0 $2.3M 37k 62.51
Jazz Pharmaceuticals (JAZZ) 1.0 $2.3M 41k 56.99
Forum Energy Technolo 1.0 $2.3M 96k 24.32
Monolithic Power Systems (MPWR) 1.0 $2.3M 117k 19.75
3D Systems Corporation (DDD) 1.0 $2.3M 69k 32.85
Acadia Healthcare (ACHC) 1.0 $2.3M 95k 23.83
Medivation 0.9 $2.2M 40k 56.35
Aruba Networks 0.9 $2.2M 99k 22.49
Vivus 0.9 $2.0M 114k 17.82
Tanger Factory Outlet Centers (SKT) 0.8 $2.0M 62k 32.32
Spirit Airlines (SAVE) 0.8 $2.0M 115k 17.08
Francescas Hldgs Corp 0.8 $1.8M 58k 30.72
Achillion Pharmaceuticals 0.7 $1.7M 166k 10.40
IPC The Hospitalist Company 0.7 $1.6M 36k 45.69
Gulfport Energy Corporation 0.7 $1.6M 52k 31.26
Exacttarget 0.7 $1.6M 67k 24.22
Shuffle Master 0.7 $1.5M 98k 15.81
Gnc Holdings Inc Cl A 0.7 $1.6M 40k 38.98
BJ's Restaurants (BJRI) 0.7 $1.5M 34k 45.36
Financial Engines 0.7 $1.5M 65k 23.81
Align Technology (ALGN) 0.6 $1.5M 41k 36.98
Crocs (CROX) 0.6 $1.4M 88k 16.21
Raven Industries 0.6 $1.4M 48k 29.42
Cavium 0.6 $1.4M 43k 33.32
Cepheid 0.6 $1.4M 40k 34.49
Fortinet (FTNT) 0.6 $1.3M 55k 24.11
Meritage Homes Corporation (MTH) 0.6 $1.3M 34k 38.02
Cheniere Energy (LNG) 0.6 $1.3M 84k 15.53
Verastem 0.6 $1.3M 137k 9.39
Texas Roadhouse (TXRH) 0.5 $1.3M 74k 17.10
Mattress Firm Holding 0.5 $1.2M 44k 28.15
Chuys Hldgs (CHUY) 0.5 $1.3M 51k 24.53
Incyte Corporation (INCY) 0.5 $1.2M 69k 18.05
Rush Enterprises (RUSHA) 0.5 $1.2M 63k 19.25
Fifth & Pac Cos 0.5 $1.2M 93k 12.78
Trex Company (TREX) 0.5 $1.2M 34k 34.12
Roadrunner Transportation Services Hold. 0.5 $1.1M 70k 16.18
Horizon Ban (HBNC) 0.5 $1.1M 40k 28.57
Brightcove (BCOV) 0.5 $1.1M 94k 11.68
Tillys (TLYS) 0.5 $1.1M 59k 18.33
Ixia 0.5 $1.1M 66k 16.08
EXACT Sciences Corporation (EXAS) 0.5 $1.1M 96k 11.01
Smart Balance 0.4 $1.0M 86k 12.07
Greatbatch 0.4 $984k 41k 24.33
Infoblox 0.4 $986k 42k 23.25
Alnylam Pharmaceuticals (ALNY) 0.4 $937k 50k 18.80
Rex Energy Corporation 0.4 $909k 68k 13.35
First of Long Island Corporation (FLIC) 0.4 $930k 30k 30.80
Qlik Technologies 0.4 $929k 42k 22.39
Whitestone REIT (WSR) 0.4 $924k 70k 13.20
Guidewire Software (GWRE) 0.4 $930k 30k 31.03
Sarepta Therapeutics (SRPT) 0.4 $925k 60k 15.53
Sinclair Broadcast 0.4 $894k 80k 11.21
First Horizon National Corporation (FHN) 0.4 $890k 92k 9.63
Cardinal Financial Corporation 0.4 $903k 63k 14.30
Eagle Ban (EGBN) 0.4 $895k 54k 16.71
Cu Bancorp Calif 0.4 $896k 77k 11.60
Cass Information Systems (CASS) 0.4 $878k 21k 41.95
Bravo Brio Restaurant 0.4 $883k 61k 14.54
USG Corporation 0.4 $856k 39k 21.95
Jive Software 0.4 $842k 54k 15.71
Lakeland Financial Corporation (LKFN) 0.3 $802k 29k 27.60
Kodiak Oil & Gas 0.3 $792k 85k 9.36
Bank of Marin Ban (BMRC) 0.3 $799k 19k 42.49
BioScrip 0.3 $753k 83k 9.11
First Financial Bankshares (FFIN) 0.3 $762k 21k 36.03
Black Diamond 0.3 $748k 85k 8.77
Home BancShares (HOMB) 0.3 $733k 22k 34.08
Summit Hotel Properties (INN) 0.3 $737k 86k 8.54
Sagent Pharmaceuticals 0.3 $737k 46k 15.94
ViewPoint Financial 0.3 $701k 37k 19.16
Body Central Acquisition Corporation 0.3 $714k 68k 10.45
Teche Holding Company 0.3 $688k 17k 40.47
Peregrine Semiconductor 0.3 $693k 41k 16.95
Skullcandy 0.3 $657k 48k 13.75
Prosperity Bancshares (PB) 0.3 $642k 15k 42.60
Saul Centers (BFS) 0.3 $624k 14k 44.38
Capitol Federal Financial (CFFN) 0.3 $601k 50k 11.97
Teavana Hldgs 0.3 $611k 47k 13.04
Aeropostale 0.2 $591k 44k 13.53
East West Ban (EWBC) 0.2 $580k 27k 21.14
Western Alliance Bancorporation (WAL) 0.2 $596k 58k 10.21
Zagg 0.2 $596k 70k 8.53
PhotoMedex 0.2 $578k 41k 14.07
American Business Bank (AMBZ) 0.2 $599k 23k 25.91
Farmers Natl Banc Corp (FMNB) 0.2 $580k 90k 6.45
BofI Holding 0.2 $562k 22k 26.07
Campus Crest Communities 0.2 $561k 52k 10.80
Inphi Corporation 0.2 $545k 51k 10.66
Investors Ban 0.2 $519k 29k 18.23
Bazaarvoice 0.2 $520k 34k 15.16
First Financial Ban (FFBC) 0.2 $488k 29k 16.91
Affiliated Managers (AMG) 0.2 $492k 4.0k 123.00
Access National Corporation 0.2 $501k 37k 13.66
Finisar Corporation 0.2 $463k 32k 14.31
Omnicell (OMCL) 0.2 $460k 33k 13.89
Pandora Media 0.2 $475k 43k 10.96
Independent Bank (INDB) 0.2 $459k 15k 30.10
Urstadt Biddle Properties 0.2 $449k 22k 20.24
Carmike Cinemas 0.2 $452k 40k 11.29
Washington Banking Company 0.2 $403k 29k 14.16
Heritage Oaks Ban 0.2 $411k 71k 5.76
Bryn Mawr Bank 0.2 $410k 18k 22.42
Heritage Financial Corporation (HFWA) 0.2 $377k 25k 15.05
Pacific Premier Ban (PPBI) 0.2 $371k 39k 9.53
Financial Institutions (FISI) 0.1 $343k 18k 18.64
Amtrust Financial Services 0.1 $346k 14k 25.61
Tompkins Financial Corporation (TMP) 0.1 $345k 8.5k 40.49
Hancock Holding Company (HWC) 0.1 $354k 11k 31.01
Peoples Ban (PEBO) 0.1 $343k 15k 22.87
National Retail Properties (NNN) 0.1 $325k 11k 30.46
Citizens Financial Services (CZFS) 0.1 $319k 7.2k 44.24
Sequenom 0.1 $312k 88k 3.53
Everbank Finl 0.1 $302k 22k 13.77
Old National Ban (ONB) 0.1 $272k 20k 13.63
Pinnacle Financial Partners (PNFP) 0.1 $279k 15k 19.29
Central Valley Community Ban 0.1 $281k 35k 8.13
Northeast Bancorp 0.1 $285k 30k 9.50
Cubesmart (CUBE) 0.1 $273k 21k 12.86
Mid-America Apartment (MAA) 0.1 $263k 4.0k 65.26
Martha Stewart Living Omnimedia 0.1 $264k 86k 3.07
Southern National Banc. of Virginia 0.1 $250k 31k 8.02
Axis Capital Holdings (AXS) 0.1 $239k 6.8k 34.94
UMB Financial Corporation (UMBF) 0.1 $232k 4.8k 48.74
MidSouth Ban 0.1 $246k 15k 16.22
American Campus Communities 0.1 $208k 4.7k 43.97
Sovran Self Storage 0.1 $214k 3.7k 57.84
Center Ban 0.1 $211k 18k 11.92
Home Ban (HBCP) 0.1 $210k 12k 17.98
Territorial Ban (TBNK) 0.1 $203k 8.8k 22.99
Evans Bancorp (EVBN) 0.1 $221k 14k 15.73
Hingham Institution for Savings (HIFS) 0.1 $213k 3.3k 64.55
Old Line Bancshares 0.1 $216k 20k 11.00
Flushing Financial Corporation (FFIC) 0.1 $198k 13k 15.84
Virginia Commerce Ban 0.1 $190k 22k 8.74
Provident New York Ban 0.1 $158k 17k 9.39
Enterprise Financial Services (EFSC) 0.1 $154k 11k 13.56
First California Financial 0.1 $166k 24k 6.98
Neonode 0.1 $151k 40k 3.77
HopFed Ban 0.1 $120k 16k 7.50
Orrstown Financial Services (ORRF) 0.1 $114k 10k 10.97
Carolina Trust Bank 0.0 $96k 40k 2.40