Emerald Mutual Fund Advisers, Trust

Emerald Mutual Fund Advisers Trust as of Dec. 31, 2015

Portfolio Holdings for Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust holds 278 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Bank of the Ozarks 2.4 $46M 935k 49.46
PrivateBan 1.8 $33M 811k 41.02
MicroStrategy Incorporated (MSTR) 1.7 $32M 177k 179.29
BofI Holding 1.6 $31M 1.5M 21.05
Epam Systems (EPAM) 1.6 $30M 383k 78.62
Veeva Sys Inc cl a (VEEV) 1.5 $29M 1.0M 28.85
Tree (TREE) 1.5 $29M 324k 89.28
Apogee Enterprises (APOG) 1.5 $28M 647k 43.51
WellCare Health Plans 1.4 $27M 343k 78.21
Vonage Holdings 1.4 $27M 4.7M 5.74
Acadia Healthcare (ACHC) 1.4 $27M 425k 62.46
Opus Bank 1.3 $25M 682k 36.97
Fcb Financial Holdings-cl A 1.3 $25M 691k 35.79
Jack in the Box (JACK) 1.3 $24M 318k 76.71
Trex Company (TREX) 1.3 $24M 640k 38.04
Imperva 1.2 $23M 370k 63.31
8x8 (EGHT) 1.2 $22M 2.0M 11.45
Qlik Technologies 1.1 $22M 686k 31.66
Korn/Ferry International (KFY) 1.1 $21M 643k 33.18
Proofpoint 1.1 $21M 316k 65.01
Dave & Buster's Entertainmnt (PLAY) 1.1 $21M 491k 41.74
First Nbc Bank Holding 1.1 $20M 544k 37.39
Red Robin Gourmet Burgers (RRGB) 1.1 $20M 321k 61.74
Ameris Ban (ABCB) 1.0 $19M 571k 33.99
Microsemi Corporation 1.0 $19M 586k 32.59
Amicus Therapeutics (FOLD) 1.0 $19M 2.0M 9.70
Virtu Financial Inc Class A (VIRT) 1.0 $19M 825k 22.64
Walker & Dunlop (WD) 1.0 $18M 632k 28.81
AtriCure (ATRC) 0.9 $18M 801k 22.44
Spirit Airlines (SAVE) 0.9 $18M 447k 39.85
Rentrak Corporation 0.9 $17M 367k 47.53
Guidewire Software (GWRE) 0.9 $17M 284k 60.16
K2m Group Holdings 0.9 $17M 866k 19.74
Cantel Medical 0.9 $17M 269k 62.14
Neurocrine Biosciences (NBIX) 0.9 $17M 296k 56.57
Steven Madden (SHOO) 0.9 $17M 545k 30.22
Five Below (FIVE) 0.9 $16M 511k 32.10
Burlington Stores (BURL) 0.9 $17M 385k 42.90
American Eagle Outfitters (AEO) 0.9 $16M 1.0M 15.50
Gigamon 0.8 $16M 602k 26.57
Ciena Corporation (CIEN) 0.8 $15M 742k 20.69
Cepheid 0.8 $15M 413k 36.53
Kforce (KFRC) 0.8 $15M 602k 25.28
Pinnacle Financial Partners (PNFP) 0.8 $15M 290k 51.36
Macrogenics (MGNX) 0.8 $15M 481k 30.97
Matthews International Corporation (MATW) 0.8 $15M 277k 53.45
Synchronoss Technologies 0.8 $15M 419k 35.23
Cavium 0.8 $15M 224k 65.71
Connectone Banc (CNOB) 0.8 $15M 795k 18.69
Interface (TILE) 0.8 $14M 749k 19.14
Installed Bldg Prods (IBP) 0.8 $14M 578k 24.83
Chegg (CHGG) 0.7 $14M 2.0M 6.73
Relypsa 0.7 $14M 486k 28.34
Customers Ban (CUBI) 0.7 $14M 495k 27.22
Gtt Communications 0.7 $13M 783k 17.06
IPG Photonics Corporation (IPGP) 0.7 $13M 149k 89.16
Tutor Perini Corporation (TPC) 0.7 $13M 785k 16.74
American Campus Communities 0.7 $13M 318k 41.34
Adamas Pharmaceuticals 0.7 $13M 452k 28.32
Cornerstone Ondemand 0.7 $13M 368k 34.53
SVB Financial (SIVBQ) 0.7 $12M 105k 118.90
Pacific Premier Ban (PPBI) 0.7 $13M 588k 21.25
Signature Bank (SBNY) 0.7 $12M 80k 153.37
Bluebird Bio (BLUE) 0.7 $12M 192k 64.22
Live Oak Bancshares (LOB) 0.7 $12M 863k 14.20
Impax Laboratories 0.6 $12M 278k 42.76
MarineMax (HZO) 0.6 $12M 629k 18.42
Insmed (INSM) 0.6 $12M 633k 18.15
Tennant Company (TNC) 0.6 $11M 200k 56.26
Education Rlty Tr New ret 0.6 $11M 293k 37.88
Virgin America 0.6 $11M 304k 36.01
Super Micro Computer (SMCI) 0.6 $11M 442k 24.51
Chuys Hldgs (CHUY) 0.6 $11M 347k 31.34
Tile Shop Hldgs (TTSH) 0.6 $11M 653k 16.40
Alarm Com Hldgs (ALRM) 0.6 $11M 639k 16.68
Portola Pharmaceuticals 0.6 $10M 203k 51.45
M/a (MTSI) 0.5 $9.8M 240k 40.89
Intrexon 0.5 $9.4M 311k 30.15
Home BancShares (HOMB) 0.5 $9.3M 230k 40.52
PacWest Ban 0.5 $9.3M 215k 43.10
Penn National Gaming (PENN) 0.5 $9.1M 568k 16.02
Synergy Res Corp 0.5 $9.0M 1.1M 8.52
Marcus & Millichap (MMI) 0.5 $9.2M 315k 29.14
California Republic Ban 0.5 $9.0M 304k 29.50
Headwaters Incorporated 0.5 $8.7M 518k 16.87
PGT 0.5 $8.8M 773k 11.39
Eagle Ban (EGBN) 0.5 $8.8M 174k 50.47
Bankunited (BKU) 0.5 $8.6M 239k 36.06
Western Alliance Bancorporation (WAL) 0.4 $8.4M 233k 35.86
Synaptics, Incorporated (SYNA) 0.4 $8.2M 103k 80.34
National Commerce 0.4 $8.4M 335k 25.05
Sequential Brnds 0.4 $8.3M 1.1M 7.91
Planet Fitness Inc-cl A (PLNT) 0.4 $8.1M 520k 15.63
Inphi Corporation 0.4 $7.4M 273k 27.02
Bridge Ban 0.4 $7.5M 245k 30.43
Channeladvisor 0.4 $7.4M 537k 13.85
Great Wastern Ban 0.4 $7.3M 251k 29.02
Knoll 0.4 $6.9M 368k 18.80
Imprivata 0.4 $6.8M 598k 11.30
Model N (MODN) 0.3 $6.7M 602k 11.16
Servisfirst Bancshares (SFBS) 0.3 $6.1M 128k 47.53
Malibu Boats (MBUU) 0.3 $6.1M 373k 16.37
WSFS Financial Corporation (WSFS) 0.3 $6.0M 184k 32.36
Ollies Bargain Outlt Hldgs I (OLLI) 0.3 $5.9M 344k 17.01
Neos Therapeutics 0.3 $5.9M 412k 14.32
Meta Financial (CASH) 0.3 $5.5M 121k 45.93
BNC Ban 0.3 $5.5M 216k 25.38
Atlas Financial Holdings (AFHIF) 0.3 $5.4M 272k 19.90
Applied Optoelectronics (AAOI) 0.3 $5.6M 324k 17.16
Teladoc (TDOC) 0.3 $5.4M 303k 17.96
Marcus Corporation (MCS) 0.3 $5.3M 277k 18.97
Reis 0.3 $5.2M 221k 23.73
Yadkin Finl Corp 0.3 $5.3M 213k 25.17
Aimmune Therapeutics 0.3 $5.2M 282k 18.45
Equity Bancshares Cl-a (EQBK) 0.3 $5.3M 227k 23.39
Sigma Designs 0.3 $5.0M 798k 6.32
Abaxis 0.3 $5.1M 91k 55.68
ZIOPHARM Oncology 0.3 $4.9M 590k 8.31
First Fndtn (FFWM) 0.3 $5.0M 210k 23.59
Nexstar Broadcasting (NXST) 0.2 $4.5M 77k 58.70
Amtrust Financial Services 0.2 $4.6M 75k 61.58
Renasant (RNST) 0.2 $4.5M 130k 34.41
CenterState Banks 0.2 $4.5M 285k 15.65
MidWestOne Financial (MOFG) 0.2 $4.5M 148k 30.41
Franklin Financial Networ 0.2 $4.6M 146k 31.38
Cu Bancorp Calif 0.2 $4.5M 178k 25.36
Malvern Ban 0.2 $4.5M 259k 17.56
Stonegate Bk Ft Lauderdale 0.2 $4.3M 130k 32.86
Tillys (TLYS) 0.2 $4.4M 668k 6.63
First Choice Bank 0.2 $4.4M 275k 16.00
Cardinal Financial Corporation 0.2 $4.2M 186k 22.75
Washingtonfirst Bankshares, In c 0.2 $4.2M 188k 22.64
Applied Genetic Technol Corp C 0.2 $4.2M 205k 20.40
Spark Therapeutics 0.2 $4.1M 91k 45.31
Intercept Pharmaceuticals In 0.2 $3.9M 26k 149.36
Sterling Bancorp 0.2 $3.8M 236k 16.22
Marlin Business Services 0.2 $3.6M 222k 16.06
Ptc Therapeutics I (PTCT) 0.2 $3.7M 113k 32.40
FARO Technologies (FARO) 0.2 $3.4M 114k 29.52
Simmons First National Corporation (SFNC) 0.2 $3.4M 66k 51.36
Howard Ban 0.2 $3.5M 263k 13.24
Legacytexas Financial 0.2 $3.4M 134k 25.02
Kona Grill 0.2 $3.1M 198k 15.86
Match 0.2 $3.2M 235k 13.55
American Farmland 0.2 $3.1M 446k 7.04
1st Source Corporation (SRCE) 0.2 $3.1M 100k 30.87
CoBiz Financial 0.2 $2.9M 219k 13.42
First Business Financial Services (FBIZ) 0.2 $3.0M 120k 25.01
Everyday Health 0.1 $2.9M 480k 6.02
Conifer Holdings (CNFR) 0.1 $2.8M 299k 9.27
First of Long Island Corporation (FLIC) 0.1 $2.6M 86k 30.00
Heartland Financial USA (HTLF) 0.1 $2.7M 85k 31.37
PAREXEL International Corporation 0.1 $2.5M 36k 68.12
TeleNav 0.1 $2.6M 449k 5.69
Akebia Therapeutics (AKBA) 0.1 $2.4M 188k 12.92
Avenue Financial Hldngs 0.1 $2.5M 171k 14.37
Glu Mobile 0.1 $2.2M 910k 2.43
West Town Bank & Trust 0.1 $2.3M 106k 21.50
Mercantile Bank (MBWM) 0.1 $2.2M 88k 24.54
Flushing Financial Corporation (FFIC) 0.1 $2.2M 100k 21.64
Alerus Finl (ALRS) 0.1 $2.1M 113k 18.90
Freedom Bank Of Virginia 0.1 $2.0M 246k 8.30
Milacron Holdings 0.1 $2.2M 174k 12.51
OceanFirst Financial (OCFC) 0.1 $1.8M 91k 20.02
Heritage Financial Corporation (HFWA) 0.1 $1.9M 103k 18.84
Investar Holding (ISTR) 0.1 $1.9M 108k 17.60
Main Street Bank 0.1 $1.7M 141k 12.35
James River Group Holdings L (JRVR) 0.1 $1.7M 50k 33.54
Old Line Bancshares 0.1 $1.5M 87k 17.57
Gsv Cap Corp 0.1 $1.6M 166k 9.37
Texas Capital Bancshares (TCBI) 0.1 $1.3M 25k 49.43
Webster Financial Corporation (WBS) 0.1 $1.3M 34k 37.19
Atlantic Coast Financial Cor 0.1 $1.3M 226k 5.86
Hemisphere Media 0.1 $1.3M 85k 14.75
Independent Bank (IBTX) 0.1 $1.4M 44k 32.00
Diamond Resorts International 0.1 $1.4M 54k 25.51
South State Corporation (SSB) 0.1 $1.3M 18k 71.97
Inovalon Holdings Inc Cl A 0.1 $1.3M 79k 16.99
Atlantic Cap Bancshares 0.1 $1.3M 88k 14.98
Ban (TBBK) 0.1 $1.1M 181k 6.37
Peoples Ban (PEBO) 0.1 $1.2M 64k 18.84
Southern First Bancshares (SFST) 0.1 $1.0M 46k 22.70
Federated National Holding C 0.1 $1.2M 40k 29.55
Seacoast Commerce Bank 0.1 $1.1M 62k 17.19
MainSource Financial 0.1 $1.0M 44k 22.87
Royal Bancshares of Pennsylvania 0.1 $1.0M 482k 2.09
American Business Bank (AMBZ) 0.1 $1.0M 31k 32.26
Diversified Restaurant Holdi 0.1 $1.0M 448k 2.25
John Marshall Bank 0.1 $907k 54k 16.76
Talmer Ban 0.1 $878k 49k 18.10
Farmland Partners (FPI) 0.1 $931k 85k 10.98
Independent Bank (INDB) 0.0 $709k 15k 46.49
Bryn Mawr Bank 0.0 $711k 25k 28.72
QCR Holdings (QCRH) 0.0 $729k 30k 24.30
Independent Bank Corporation (IBCP) 0.0 $762k 50k 15.24
Farmers Natl Banc Corp (FMNB) 0.0 $747k 87k 8.60
Independence Realty Trust In (IRT) 0.0 $697k 93k 7.51
Investors Ban 0.0 $837k 67k 12.44
Corium Intl 0.0 $746k 92k 8.12
Sun Bancorp Inc New Jers 0.0 $820k 40k 20.64
Sunshine Ban 0.0 $756k 50k 15.20
First Resource Bank 0.0 $825k 120k 6.90
ARGO GROUP INTERNATIONAL Holdi Com Stk 0.0 $555k 9.3k 59.82
IBERIABANK Corporation 0.0 $655k 12k 55.09
Carriage Services (CSV) 0.0 $544k 23k 24.10
Pixelworks (PXLW) 0.0 $504k 212k 2.38
United Ins Hldgs (ACIC) 0.0 $538k 31k 17.11
Cyrusone 0.0 $559k 15k 37.48
Meridian Ban 0.0 $647k 46k 14.11
Triumph Ban (TFIN) 0.0 $654k 40k 16.51
Presbia 0.0 $487k 93k 5.26
Corindus Vascular Robotics I 0.0 $492k 153k 3.21
Emcor (EME) 0.0 $398k 8.3k 48.10
Interval Leisure 0.0 $317k 20k 15.62
Great Plains Energy Incorporated 0.0 $287k 11k 27.34
Gray Television (GTN) 0.0 $460k 28k 16.32
Employers Holdings (EIG) 0.0 $459k 17k 27.31
Perficient (PRFT) 0.0 $362k 21k 17.14
Rex Energy Corporation 0.0 $322k 306k 1.05
Cedar Shopping Centers 0.0 $462k 65k 7.07
Southwest Airlines (LUV) 0.0 $379k 8.8k 43.05
Ramco-Gershenson Properties Trust 0.0 $401k 24k 16.62
Akorn 0.0 $295k 7.9k 37.35
Greenhill & Co 0.0 $413k 14k 28.62
Provident Financial Services (PFS) 0.0 $415k 21k 20.15
Corporate Office Properties Trust (CDP) 0.0 $389k 18k 21.84
Stoneridge (SRI) 0.0 $438k 30k 14.81
Viad (VVI) 0.0 $349k 12k 28.19
First Merchants Corporation (FRME) 0.0 $461k 18k 25.39
Mercer International (MERC) 0.0 $333k 37k 9.04
United Community Financial 0.0 $322k 55k 5.91
Pacific Mercantile Ban 0.0 $431k 60k 7.13
Home Ban (HBCP) 0.0 $303k 12k 25.94
Dollar General (DG) 0.0 $316k 4.4k 71.92
Generac Holdings (GNRC) 0.0 $306k 10k 29.80
Mackinac Financial Corporation 0.0 $419k 36k 11.50
Sussex Ban 0.0 $404k 31k 13.08
Home Fed Bancorp Inc La (HFBL) 0.0 $407k 19k 21.98
Arris 0.0 $401k 13k 30.59
West 0.0 $373k 17k 21.55
Guaranty Bancorp Del 0.0 $372k 23k 16.53
Communityone Ban 0.0 $428k 32k 13.47
Xcerra 0.0 $321k 53k 6.06
County Ban 0.0 $300k 15k 20.00
Real Ind 0.0 $289k 36k 8.04
Everi Hldgs (EVRI) 0.0 $471k 107k 4.39
First Virginia Community Bank (FVCB) 0.0 $329k 19k 17.23
First Financial Ban (FFBC) 0.0 $266k 15k 18.08
Affiliated Managers (AMG) 0.0 $228k 1.4k 159.55
Snap-on Incorporated (SNA) 0.0 $204k 1.2k 171.28
McGraw-Hill Companies 0.0 $244k 2.5k 98.71
Mid-America Apartment (MAA) 0.0 $217k 2.4k 90.76
Whirlpool Corporation (WHR) 0.0 $271k 1.8k 146.80
Lazard Ltd-cl A shs a 0.0 $224k 5.0k 45.04
Harman International Industries 0.0 $206k 2.2k 94.02
Alliance Data Systems Corporation (BFH) 0.0 $225k 815.00 276.07
ON Semiconductor (ON) 0.0 $110k 11k 9.77
SBA Communications Corporation 0.0 $237k 2.3k 105.29
Rudolph Technologies 0.0 $265k 19k 14.24
Steel Dynamics (STLD) 0.0 $184k 10k 17.84
EnerSys (ENS) 0.0 $266k 4.8k 55.85
Regal-beloit Corporation (RRX) 0.0 $212k 3.6k 58.61
Middleby Corporation (MIDD) 0.0 $248k 2.3k 107.87
Skyworks Solutions (SWKS) 0.0 $234k 3.0k 76.77
Wabtec Corporation (WAB) 0.0 $269k 3.8k 71.05
MasTec (MTZ) 0.0 $264k 15k 17.39
Nice Systems (NICE) 0.0 $255k 4.4k 57.34
Wilshire Ban 0.0 $236k 20k 11.56
Ducommun Incorporated (DCO) 0.0 $210k 13k 16.24
Imax Corp Cad (IMAX) 0.0 $252k 7.1k 35.48
MDC PARTNERS INC CL A SUB Vtg 0.0 $265k 12k 21.69
HopFed Ban 0.0 $192k 16k 12.00
Southern National Banc. of Virginia 0.0 $269k 21k 13.06
Palo Alto Networks (PANW) 0.0 $232k 1.3k 176.02
Monster Beverage Corp (MNST) 0.0 $264k 1.8k 148.73
Fitbit 0.0 $240k 8.1k 29.63
Party City Hold 0.0 $233k 18k 12.93
Oasis Petroleum 0.0 $82k 11k 7.34