Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers, Trust as of Dec. 31, 2012

Portfolio Holdings for Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers, Trust holds 162 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
WESCO International (WCC) 3.6 $8.5M 127k 67.43
Triumph (TGI) 3.2 $7.8M 119k 65.30
Middleby Corporation (MIDD) 3.1 $7.4M 58k 128.21
SVB Financial (SIVBQ) 3.0 $7.1M 126k 55.97
Medivation 2.8 $6.6M 129k 51.16
Signature Bank (SBNY) 2.6 $6.1M 86k 71.34
Ultimate Software 2.4 $5.8M 61k 94.42
Ulta Salon, Cosmetics & Fragrance (ULTA) 2.3 $5.6M 57k 98.25
Sourcefire 2.3 $5.5M 116k 47.22
Chart Industries (GTLS) 2.1 $5.1M 77k 66.68
IPC The Hospitalist Company 2.1 $5.0M 126k 39.71
Meritage Homes Corporation (MTH) 2.1 $5.0M 134k 37.35
Vitamin Shoppe 2.0 $4.9M 85k 57.36
Hibbett Sports (HIBB) 1.8 $4.3M 81k 52.70
Red Robin Gourmet Burgers (RRGB) 1.8 $4.3M 121k 35.29
BJ's Restaurants (BJRI) 1.7 $4.1M 126k 32.90
MWI Veterinary Supply 1.7 $4.1M 37k 109.99
Allied Nevada Gold 1.5 $3.7M 122k 30.13
Texas Capital Bancshares (TCBI) 1.5 $3.6M 80k 44.82
Synageva Biopharma 1.5 $3.5M 76k 46.28
Select Comfort 1.5 $3.5M 133k 26.17
HMS Holdings 1.3 $3.2M 122k 25.92
Guidewire Software (GWRE) 1.3 $3.1M 106k 29.72
Abaxis 1.2 $2.9M 78k 37.10
Homeaway 1.2 $2.9M 130k 22.00
IPG Photonics Corporation (IPGP) 1.1 $2.7M 41k 66.65
Infinity Pharmaceuticals (INFIQ) 1.1 $2.7M 76k 35.00
Cardinal Financial Corporation 1.1 $2.6M 159k 16.31
Diamondback Energy (FANG) 1.1 $2.5M 132k 19.12
Qlik Technologies 1.0 $2.4M 111k 21.72
Acadia Healthcare (ACHC) 0.9 $2.2M 94k 23.35
Jazz Pharmaceuticals (JAZZ) 0.9 $2.2M 41k 53.25
Conceptus 0.9 $2.1M 100k 21.00
Forum Energy Technolo 0.9 $2.1M 85k 24.75
Microsemi Corporation 0.9 $2.1M 99k 21.04
Aruba Networks 0.9 $2.1M 99k 20.74
USG Corporation 0.8 $1.9M 67k 28.07
FARO Technologies (FARO) 0.8 $1.8M 52k 35.67
Carmike Cinemas 0.8 $1.8M 120k 14.99
Trex Company (TREX) 0.7 $1.7M 46k 37.24
Crocs (CROX) 0.7 $1.7M 116k 14.39
3D Systems Corporation (DDD) 0.7 $1.7M 31k 53.34
Exacttarget 0.7 $1.7M 83k 20.00
Finisar Corporation 0.7 $1.6M 101k 16.29
Spirit Airlines (SAVE) 0.7 $1.6M 92k 17.72
Cheniere Energy (LNG) 0.7 $1.6M 84k 18.78
Roadrunner Transportation Services Hold. 0.6 $1.5M 85k 18.14
Francescas Hldgs Corp 0.6 $1.5M 58k 25.93
United Rentals (URI) 0.6 $1.4M 31k 45.51
Sarepta Therapeutics (SRPT) 0.6 $1.4M 55k 25.81
Cepheid 0.6 $1.4M 41k 33.85
Infoblox 0.6 $1.4M 78k 17.97
PhotoMedex 0.6 $1.3M 93k 14.53
Gnc Holdings Inc Cl A 0.6 $1.3M 40k 33.27
Gulfport Energy Corporation 0.5 $1.2M 32k 38.22
MAKO Surgical 0.5 $1.2M 91k 12.85
Horizon Ban (HBNC) 0.5 $1.2M 59k 19.65
Cavium 0.5 $1.2M 37k 31.21
Fifth & Pac Cos 0.5 $1.2M 93k 12.45
Incyte Corporation (INCY) 0.5 $1.1M 69k 16.62
Chuys Hldgs (CHUY) 0.5 $1.1M 51k 22.34
Ixia 0.5 $1.1M 66k 16.97
Alnylam Pharmaceuticals (ALNY) 0.5 $1.1M 60k 18.25
Eagle Ban (EGBN) 0.5 $1.1M 54k 19.96
Sagent Pharmaceuticals 0.5 $1.1M 66k 16.08
Jive Software 0.5 $1.1M 74k 14.53
Financial Engines 0.4 $1.1M 38k 27.73
Apogee Enterprises (APOG) 0.4 $1.0M 42k 23.98
Smart Balance 0.4 $981k 76k 12.90
Mattress Firm Holding 0.4 $955k 39k 24.54
Fortinet (FTNT) 0.4 $923k 44k 21.02
Shfl Entertainment 0.4 $920k 63k 14.50
Greatbatch 0.4 $911k 39k 23.25
Vivus 0.4 $900k 67k 13.41
Millennial Media 0.4 $898k 72k 12.53
Everbank Finl 0.4 $904k 61k 14.91
Cu Bancorp Calif 0.4 $904k 77k 11.71
Tillys (TLYS) 0.4 $877k 65k 13.49
Sinclair Broadcast 0.4 $858k 68k 12.63
First of Long Island Corporation (FLIC) 0.4 $855k 30k 28.32
First Financial Bankshares (FFIN) 0.3 $825k 21k 39.01
Summit Hotel Properties (INN) 0.3 $820k 86k 9.50
Rex Energy Corporation 0.3 $762k 59k 13.02
ViewPoint Financial 0.3 $766k 37k 20.93
Peregrine Semiconductor 0.3 $768k 50k 15.30
Cass Information Systems (CASS) 0.3 $748k 18k 42.21
Kodiak Oil & Gas 0.3 $749k 85k 8.85
Tile Shop Hldgs (TTSH) 0.3 $741k 44k 16.82
Home BancShares (HOMB) 0.3 $710k 22k 33.01
Lakeland Financial Corporation (LKFN) 0.3 $725k 28k 25.83
EXACT Sciences Corporation (EXAS) 0.3 $720k 68k 10.58
Pandora Media 0.3 $710k 77k 9.18
Body Central Acquisition Corporation 0.3 $682k 68k 9.98
Black Diamond 0.3 $699k 85k 8.20
Achillion Pharmaceuticals 0.3 $676k 84k 8.01
Prosperity Bancshares (PB) 0.3 $633k 15k 42.00
Campus Crest Communities 0.3 $637k 52k 12.26
Teche Holding Company 0.3 $644k 17k 37.88
Integrated Device Technology 0.3 $631k 87k 7.30
Western Alliance Bancorporation (WAL) 0.3 $615k 58k 10.53
American Business Bank (AMBZ) 0.3 $613k 23k 26.51
Saul Centers (BFS) 0.2 $602k 14k 42.82
BofI Holding 0.2 $600k 22k 27.83
Capitol Federal Financial (CFFN) 0.2 $587k 50k 11.69
Omnicell (OMCL) 0.2 $579k 39k 14.87
Bridge Ban 0.2 $580k 29k 20.35
Farmers Natl Banc Corp (FMNB) 0.2 $573k 92k 6.20
Raven Industries 0.2 $514k 20k 26.36
Inphi Corporation 0.2 $528k 55k 9.58
Investors Ban 0.2 $506k 29k 17.77
Access National Corporation 0.2 $495k 38k 13.00
Multimedia Games 0.2 $488k 33k 14.70
Old Line Bancshares 0.2 $471k 42k 11.29
Virginia Commerce Ban 0.2 $446k 50k 8.95
First Business Financial Services (FBIZ) 0.2 $454k 20k 22.97
East West Ban (EWBC) 0.2 $425k 20k 21.51
Independent Bank (INDB) 0.2 $441k 15k 28.92
Urstadt Biddle Properties 0.2 $437k 22k 19.70
Homestreet (HMST) 0.2 $428k 17k 25.57
Tanger Factory Outlet Centers (SKT) 0.2 $400k 12k 34.22
Heritage Oaks Ban 0.2 $414k 71k 5.80
Bryn Mawr Bank 0.2 $407k 18k 22.25
Amtrust Financial Services 0.2 $388k 14k 28.72
Washington Banking Company 0.2 $388k 29k 13.63
Hancock Holding Company (HWC) 0.1 $362k 11k 31.71
Heritage Financial Corporation (HFWA) 0.1 $368k 25k 14.69
Tompkins Financial Corporation (TMP) 0.1 $338k 8.5k 39.67
Merit Medical Systems (MMSI) 0.1 $345k 25k 13.89
Verastem 0.1 $329k 38k 8.78
Peoples Ban (PEBO) 0.1 $306k 15k 20.40
Female Health Company 0.1 $300k 42k 7.19
Citizens Financial Services (CZFS) 0.1 $310k 7.2k 42.99
Cubesmart (CUBE) 0.1 $309k 21k 14.55
Mid-America Apartment (MAA) 0.1 $261k 4.0k 64.76
Pinnacle Financial Partners (PNFP) 0.1 $272k 15k 18.81
First PacTrust Ban 0.1 $265k 22k 12.27
Southern National Banc. of Virginia 0.1 $254k 31k 8.14
Central Valley Community Ban 0.1 $268k 35k 7.75
Northeast Bancorp 0.1 $274k 30k 9.13
Axis Capital Holdings (AXS) 0.1 $237k 6.8k 34.65
Old National Ban (ONB) 0.1 $237k 20k 11.88
Sovran Self Storage 0.1 $230k 3.7k 62.16
Anacor Pharmaceuticals In 0.1 $238k 46k 5.19
MidSouth Ban 0.1 $248k 15k 16.35
Provident Financial Holdings (PROV) 0.1 $230k 13k 17.48
Hersha Hospitality Trust 0.1 $222k 44k 5.01
American Campus Communities 0.1 $218k 4.7k 46.09
Center Ban 0.1 $205k 18k 11.58
Home Ban (HBCP) 0.1 $213k 12k 18.24
Whitestone REIT (WSR) 0.1 $214k 15k 14.03
Evans Bancorp (EVBN) 0.1 $218k 14k 15.52
Hingham Institution for Savings (HIFS) 0.1 $207k 3.3k 62.73
Flushing Financial Corporation (FFIC) 0.1 $192k 13k 15.36
Territorial Ban (TBNK) 0.1 $202k 8.8k 22.88
First California Financial 0.1 $184k 24k 7.73
Provident New York Ban 0.1 $157k 17k 9.33
Enterprise Financial Services (EFSC) 0.1 $148k 11k 13.03
HopFed Ban 0.1 $138k 16k 8.62
Martha Stewart Living Omnimedia 0.0 $95k 39k 2.45
Orrstown Financial Services (ORRF) 0.0 $100k 10k 9.62
Carolina Trust Bank 0.0 $70k 30k 2.33
Magnum Hunter Resources Wt 0.0 $1.7k 56k 0.03