Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers Trust as of Sept. 30, 2015

Portfolio Holdings for Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust holds 274 positions in its portfolio as reported in the September 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Bank of the Ozarks 2.2 $34M 778k 43.76
Epam Systems (EPAM) 2.0 $31M 415k 74.52
Imperva 1.7 $25M 389k 65.48
Tree (TREE) 1.7 $26M 274k 93.03
Opus Bank 1.7 $25M 664k 38.24
Apogee Enterprises (APOG) 1.6 $25M 563k 44.65
Acadia Healthcare (ACHC) 1.6 $24M 365k 66.27
MicroStrategy Incorporated (MSTR) 1.6 $24M 121k 196.47
Vonage Holdings 1.5 $23M 3.9M 5.88
Jack in the Box (JACK) 1.4 $21M 273k 77.04
Qlik Technologies 1.4 $21M 577k 36.45
Fcb Financial Holdings-cl A 1.4 $21M 637k 32.62
WellCare Health Plans 1.3 $20M 235k 86.18
Red Robin Gourmet Burgers (RRGB) 1.3 $20M 265k 75.74
Veeva Sys Inc cl a (VEEV) 1.3 $20M 849k 23.41
PrivateBan 1.2 $19M 490k 38.33
Rentrak Corporation 1.2 $19M 345k 54.07
Proofpoint 1.2 $18M 302k 60.32
Microsemi Corporation 1.1 $18M 533k 32.82
Gtt Communications 1.1 $17M 732k 23.26
Trex Company (TREX) 1.1 $17M 500k 33.33
Walker & Dunlop (WD) 1.1 $16M 627k 26.08
Kforce (KFRC) 1.0 $16M 602k 26.28
Spirit Airlines (SAVE) 1.0 $16M 334k 47.30
First Nbc Bank Holding 1.0 $15M 439k 35.04
Steven Madden (SHOO) 1.0 $15M 415k 36.62
Burlington Stores (BURL) 1.0 $15M 301k 51.04
Connectone Banc (CNOB) 1.0 $15M 761k 19.30
American Eagle Outfitters (AEO) 0.9 $15M 925k 15.63
Amicus Therapeutics (FOLD) 0.9 $15M 1.0M 13.99
Cepheid 0.9 $14M 315k 45.20
Dave & Buster's Entertainmnt (PLAY) 0.9 $14M 373k 37.83
Guidewire Software (GWRE) 0.9 $14M 263k 52.58
Virtu Financial Inc Class A (VIRT) 0.9 $14M 601k 22.92
Live Oak Bancshares (LOB) 0.9 $14M 701k 19.64
AtriCure (ATRC) 0.9 $13M 606k 21.91
Cornerstone Ondemand 0.9 $13M 402k 33.00
FARO Technologies (FARO) 0.9 $13M 375k 35.00
K2m Group Holdings 0.9 $13M 706k 18.60
Interface (TILE) 0.8 $13M 560k 22.44
Cantel Medical 0.8 $12M 217k 56.70
BofI Holding 0.8 $12M 96k 128.83
Pinnacle Financial Partners (PNFP) 0.8 $12M 247k 49.41
Five Below (FIVE) 0.8 $12M 366k 33.58
Chegg (CHGG) 0.8 $12M 1.7M 7.21
IPG Photonics Corporation (IPGP) 0.8 $12M 158k 75.97
Marcus & Millichap (MMI) 0.8 $12M 259k 45.99
Sequential Brands 0.8 $12M 806k 14.47
Glu Mobile 0.7 $11M 2.6M 4.37
Cavium 0.7 $11M 185k 61.37
8x8 (EGHT) 0.7 $11M 1.3M 8.27
Pacific Premier Ban (PPBI) 0.7 $11M 537k 20.32
Neurocrine Biosciences (NBIX) 0.7 $11M 269k 39.79
Customers Ban (CUBI) 0.7 $11M 417k 25.70
Tutor Perini Corporation (TPC) 0.7 $11M 641k 16.46
Sarepta Therapeutics (SRPT) 0.7 $10M 323k 32.11
Synchronoss Technologies 0.7 $10M 313k 32.80
Gigamon 0.7 $10M 503k 20.01
Chuys Hldgs (CHUY) 0.7 $9.9M 347k 28.40
Super Micro Computer (SMCI) 0.6 $9.6M 352k 27.26
Korn/Ferry International (KFY) 0.6 $9.2M 277k 33.07
Abaxis 0.6 $9.2M 210k 43.99
Virgin America 0.6 $8.9M 261k 34.23
Insmed (INSM) 0.6 $8.7M 469k 18.57
Astronics Corporation (ATRO) 0.5 $8.3M 205k 40.43
Portola Pharmaceuticals 0.5 $8.2M 192k 42.62
Zs Pharma 0.5 $8.3M 127k 65.66
Ciena Corporation (CIEN) 0.5 $8.1M 389k 20.72
Headwaters Incorporated 0.5 $8.0M 427k 18.80
Intrexon 0.5 $8.0M 253k 31.80
Inphi Corporation 0.5 $8.0M 332k 24.04
Homeaway 0.5 $8.0M 300k 26.54
California Republic Ban 0.5 $7.9M 269k 29.40
Tennant Company (TNC) 0.5 $7.8M 139k 56.18
Matthews International Corporation (MATW) 0.5 $7.7M 157k 48.97
PGT 0.5 $7.7M 623k 12.28
Intercept Pharmaceuticals In 0.5 $7.6M 46k 165.87
SVB Financial (SIVBQ) 0.5 $7.5M 65k 115.54
PacWest Ban 0.5 $7.6M 176k 42.81
Synergy Res Corp 0.5 $7.5M 760k 9.80
Macrogenics (MGNX) 0.5 $7.4M 345k 21.42
PolyOne Corporation 0.5 $7.1M 241k 29.34
Installed Bldg Prods (IBP) 0.5 $7.1M 281k 25.28
Alarm Com Hldgs (ALRM) 0.5 $7.0M 597k 11.66
Neos Therapeutics 0.5 $7.0M 331k 21.01
MarineMax (HZO) 0.5 $6.9M 491k 14.13
Knoll 0.5 $6.9M 314k 21.98
Roadrunner Transportation Services Hold. 0.5 $6.8M 370k 18.40
Inogen (INGN) 0.5 $6.9M 143k 48.55
Signature Bank (SBNY) 0.4 $6.7M 49k 137.56
Chimerix (CMRX) 0.4 $6.5M 171k 38.20
Eagle Ban (EGBN) 0.4 $6.3M 138k 45.50
Adamas Pharmaceuticals 0.4 $6.1M 362k 16.74
National Commerce 0.4 $6.2M 257k 23.98
Model N (MODN) 0.4 $6.0M 598k 10.01
Inovalon Holdings Inc Cl A 0.4 $5.9M 286k 20.83
Bankunited (BKU) 0.4 $5.6M 157k 35.75
Home BancShares (HOMB) 0.4 $5.5M 135k 40.50
Planet Fitness Inc-cl A (PLNT) 0.4 $5.5M 320k 17.14
Arc Document Solutions (ARC) 0.3 $5.3M 887k 5.95
Channeladvisor 0.3 $5.3M 536k 9.94
Imprivata 0.3 $5.2M 292k 17.77
CoBiz Financial 0.3 $5.0M 382k 13.01
Reis 0.3 $5.0M 221k 22.65
Tillys (TLYS) 0.3 $4.8M 658k 7.36
Servisfirst Bancshares (SFBS) 0.3 $4.7M 113k 41.53
Relypsa 0.3 $4.8M 257k 18.51
Synaptics, Incorporated (SYNA) 0.3 $4.5M 55k 82.45
Sigma Designs 0.3 $4.4M 643k 6.89
Ameris Ban (ABCB) 0.3 $4.5M 156k 28.75
Bluebird Bio (BLUE) 0.3 $4.5M 52k 85.54
Malibu Boats (MBUU) 0.3 $4.2M 303k 13.98
First Choice Bank 0.3 $4.3M 275k 15.50
Amtrust Financial Services 0.3 $4.1M 65k 62.99
Pandora Media 0.3 $4.1M 190k 21.34
Legacytexas Financial 0.3 $4.1M 134k 30.48
ZIOPHARM Oncology 0.3 $4.0M 447k 9.01
M/a (MTSI) 0.3 $4.0M 138k 28.99
Milacron Holdings 0.3 $3.9M 224k 17.55
Peoples Ban (PEBO) 0.2 $3.8M 183k 20.79
Malvern Ban 0.2 $3.8M 246k 15.65
Kona Grill 0.2 $3.6M 231k 15.75
Tile Shop Hldgs (TTSH) 0.2 $3.7M 306k 11.98
Howard Ban 0.2 $3.7M 263k 14.20
G-III Apparel (GIII) 0.2 $3.6M 58k 61.65
TeleNav 0.2 $3.5M 449k 7.81
Conformis 0.2 $3.5M 193k 18.06
East West Ban (EWBC) 0.2 $3.4M 88k 38.42
CenterState Banks 0.2 $3.4M 230k 14.70
Marlin Business Services 0.2 $3.4M 222k 15.39
Bridge Ban 0.2 $3.3M 125k 26.71
Franklin Financial Networ 0.2 $3.3M 146k 22.35
Atlas Financial Holdings (AFHIF) 0.2 $3.2M 175k 18.50
First Fndtn (FFWM) 0.2 $3.2M 142k 22.77
Heartland Financial USA (HTLF) 0.2 $3.1M 85k 36.29
Ollies Bargain Outlt Hldgs I (OLLI) 0.2 $3.1M 190k 16.17
Stonegate Bk Ft Lauderdale 0.2 $2.8M 90k 31.81
BNC Ban 0.2 $3.0M 134k 22.23
Ovascience 0.2 $2.8M 332k 8.49
Renasant (RNST) 0.2 $2.6M 79k 32.85
WSFS Financial Corporation (WSFS) 0.2 $2.5M 88k 28.81
Applied Optoelectronics (AAOI) 0.2 $2.6M 138k 18.78
Teladoc (TDOC) 0.2 $2.6M 118k 22.29
Western Alliance Bancorporation (WAL) 0.2 $2.5M 80k 30.71
Sterling Bancorp 0.2 $2.4M 160k 14.87
Akebia Therapeutics (AKBA) 0.2 $2.5M 257k 9.66
Great Wastern Ban 0.2 $2.5M 97k 25.37
Conifer Holdings (CNFR) 0.2 $2.4M 251k 9.75
Alerus Finl (ALRS) 0.1 $2.3M 113k 20.25
Ply Gem Holdings 0.1 $2.3M 198k 11.70
Bellicum Pharma 0.1 $2.2M 153k 14.53
Avenue Financial Hldngs 0.1 $2.3M 171k 13.20
Cu Bancorp Calif 0.1 $2.1M 94k 22.46
Heritage Financial Corporation (HFWA) 0.1 $1.9M 103k 18.82
Pixelworks (PXLW) 0.1 $2.0M 554k 3.61
Zafgen 0.1 $1.8M 55k 31.95
Rex Energy Corporation 0.1 $1.6M 792k 2.07
Main Street Bank 0.1 $1.6M 141k 11.59
Washingtonfirst Bankshares, In c 0.1 $1.6M 88k 18.42
Independent Bank (IBTX) 0.1 $1.7M 44k 38.43
Square 1 Financial 0.1 $1.7M 66k 25.68
Corium Intl 0.1 $1.6M 175k 9.35
Investar Holding (ISTR) 0.1 $1.7M 108k 15.49
Pieris Pharmaceuticals (PIRS) 0.1 $1.7M 949k 1.83
MidWestOne Financial (MOFG) 0.1 $1.6M 54k 29.25
Simmons First National Corporation (SFNC) 0.1 $1.5M 32k 47.93
Texas Capital Bancshares (TCBI) 0.1 $1.3M 25k 52.42
First Business Financial Services (FBIZ) 0.1 $1.4M 59k 23.52
Gsv Cap Corp 0.1 $1.3M 166k 7.85
First Sec Group 0.1 $1.4M 561k 2.49
Diversified Restaurant Holdi 0.1 $1.4M 524k 2.70
Everyday Health 0.1 $1.4M 155k 9.14
South State Corporation (SSB) 0.1 $1.4M 18k 76.85
James River Group Holdings L (JRVR) 0.1 $1.3M 50k 26.90
BancorpSouth 0.1 $1.3M 54k 23.77
Marcus Corporation (MCS) 0.1 $1.2M 63k 19.34
Old Line Bancshares 0.1 $1.2M 74k 16.26
Atlantic Coast Financial Cor 0.1 $1.2M 226k 5.53
Hemisphere Media 0.1 $1.2M 85k 13.60
Diamond Resorts International 0.1 $1.3M 54k 23.39
IBERIABANK Corporation 0.1 $1.0M 17k 58.22
First of Long Island Corporation (FLIC) 0.1 $1.1M 39k 27.02
Royal Bancshares of Pennsylvania 0.1 $1.0M 482k 2.12
Nantkwest 0.1 $1.1M 95k 11.46
Aimmune Therapeutics 0.1 $1.0M 40k 25.32
Mercantile Bank (MBWM) 0.1 $931k 45k 20.79
Southern First Bancshares (SFST) 0.1 $943k 46k 20.49
American Business Bank (AMBZ) 0.1 $907k 31k 29.60
Everbank Finl 0.1 $993k 51k 19.30
Federated National Holding C 0.1 $961k 40k 24.02
West Town Bank & Trust 0.1 $989k 43k 23.00
Independent Bank (INDB) 0.1 $703k 15k 46.10
Cass Information Systems (CASS) 0.1 $738k 15k 49.13
LeMaitre Vascular (LMAT) 0.1 $713k 59k 12.19
Bryn Mawr Bank 0.1 $769k 25k 31.06
Elmira Savings Bank 0.1 $694k 36k 19.20
Independent Bank Corporation (IBCP) 0.1 $738k 50k 14.76
Farmers Natl Banc Corp (FMNB) 0.1 $714k 87k 8.22
John Marshall Bank 0.1 $806k 54k 14.89
Talmer Ban 0.1 $808k 49k 16.66
Investors Ban 0.1 $830k 67k 12.33
Sun Bancorp Inc New Jers 0.1 $763k 40k 19.20
Seacoast Commerce Bank 0.1 $707k 44k 16.00
First Resource Bank 0.1 $801k 120k 6.70
Ban (TBBK) 0.0 $536k 70k 7.62
Flushing Financial Corporation (FFIC) 0.0 $642k 32k 20.01
ARGO GROUP INTERNATIONAL Holdi Com Stk 0.0 $583k 10k 56.57
Carriage Services (CSV) 0.0 $541k 25k 21.59
QCR Holdings (QCRH) 0.0 $656k 30k 21.87
Cyrusone 0.0 $541k 17k 32.67
Meridian Ban 0.0 $627k 46k 13.67
Sunshine Ban 0.0 $686k 50k 13.79
Triumph Ban (TFIN) 0.0 $665k 40k 16.79
Presbia 0.0 $603k 110k 5.48
Corindus Vascular Robotics I 0.0 $618k 200k 3.09
Natera (NTRA) 0.0 $651k 60k 10.85
Penumbra (PEN) 0.0 $600k 15k 40.11
Emcor (EME) 0.0 $407k 9.2k 44.30
Interval Leisure 0.0 $413k 23k 18.34
Gray Television (GTN) 0.0 $399k 31k 12.75
Employers Holdings (EIG) 0.0 $416k 19k 22.29
Premiere Global Services 0.0 $518k 38k 13.74
Cedar Shopping Centers 0.0 $450k 73k 6.21
Ramco-Gershenson Properties Trust 0.0 $402k 27k 15.02
Greenhill & Co 0.0 $411k 14k 28.48
Provident Financial Services (PFS) 0.0 $445k 23k 19.48
Stoneridge (SRI) 0.0 $405k 33k 12.34
Viad (VVI) 0.0 $398k 14k 28.99
First Merchants Corporation (FRME) 0.0 $528k 20k 26.20
Sussex Ban 0.0 $386k 31k 12.50
Home Fed Bancorp Inc La (HFBL) 0.0 $424k 19k 22.89
United Ins Hldgs (ACIC) 0.0 $413k 31k 13.14
Ladder Capital Corp Class A (LADR) 0.0 $458k 32k 14.31
Everi Hldgs (EVRI) 0.0 $470k 92k 5.13
First Financial Ban (FFBC) 0.0 $312k 16k 19.10
Affiliated Managers (AMG) 0.0 $265k 1.6k 170.75
Great Plains Energy Incorporated 0.0 $315k 12k 27.02
Whirlpool Corporation (WHR) 0.0 $260k 1.8k 147.48
Magellan Health Services 0.0 $313k 5.7k 55.35
Rudolph Technologies 0.0 $257k 21k 12.45
EnerSys (ENS) 0.0 $283k 5.3k 53.52
Perficient (PRFT) 0.0 $361k 23k 15.41
Iconix Brand 0.0 $262k 19k 13.52
Southwest Airlines (LUV) 0.0 $320k 8.4k 38.06
Jarden Corporation 0.0 $292k 6.0k 48.85
Skyworks Solutions (SWKS) 0.0 $230k 2.7k 84.37
Wabtec Corporation (WAB) 0.0 $276k 3.1k 88.07
MasTec (MTZ) 0.0 $266k 17k 15.81
Nice Systems (NICE) 0.0 $278k 4.9k 56.37
Corporate Office Properties Trust (CDP) 0.0 $362k 17k 21.03
Wilshire Ban 0.0 $238k 23k 10.50
Imax Corp Cad (IMAX) 0.0 $272k 8.0k 33.81
Home Ban (HBCP) 0.0 $301k 12k 25.77
Generac Holdings (GNRC) 0.0 $290k 9.7k 30.04
Mackinac Financial Corporation 0.0 $368k 36k 10.10
Southern National Banc. of Virginia 0.0 $233k 21k 11.31
Arris 0.0 $302k 12k 25.98
Guaranty Bancorp Del 0.0 $371k 23k 16.48
Communityone Ban 0.0 $345k 32k 10.86
Xcerra 0.0 $369k 59k 6.27
County Ban 0.0 $287k 15k 19.13
Real Ind 0.0 $295k 34k 8.81
Rapid7 (RPD) 0.0 $323k 14k 22.78
Royal Caribbean Cruises (RCL) 0.0 $205k 2.3k 89.21
McGraw-Hill Companies 0.0 $204k 2.4k 86.40
Harman International Industries 0.0 $219k 2.3k 96.01
Alliance Data Systems Corporation (BFH) 0.0 $201k 778.00 258.35
Wabash National Corporation (WNC) 0.0 $229k 22k 10.59
Regal-beloit Corporation (RRX) 0.0 $226k 4.0k 56.33
Middleby Corporation (MIDD) 0.0 $204k 1.9k 105.26
Lions Gate Entertainment 0.0 $209k 5.7k 36.77
Mercer International (MERC) 0.0 $172k 17k 10.04
HopFed Ban 0.0 $191k 16k 11.94
Freedom Bank Of Virginia 0.0 $91k 11k 8.20