-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SDWtcJhKEIxxNbJe4FAfONI5vZqaoGn2a17MDIo3grodCP+exfitgxMIJVAGJZCz atU7iZBzwKw8+SUWSwXMnA== 0001144204-10-022093.txt : 20100426 0001144204-10-022093.hdr.sgml : 20100426 20100426135543 ACCESSION NUMBER: 0001144204-10-022093 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100426 DATE AS OF CHANGE: 20100426 EFFECTIVENESS DATE: 20100426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMERALD MUTUAL FUND ADVISERS TRUST CENTRAL INDEX KEY: 0001352895 IRS NUMBER: 202531403 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11623 FILM NUMBER: 10769895 BUSINESS ADDRESS: STREET 1: 1703 OREGON PIKE CITY: LANCASTER STATE: PA ZIP: 17601 BUSINESS PHONE: 717 396 1116 MAIL ADDRESS: STREET 1: 1703 OREGON PIKE CITY: LANCASTER STATE: PA ZIP: 17601 13F-HR 1 v182216_13hfr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 Check here if Amendment [ ]; Amendment Number: ___ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Emerald Mutual Fund Advisers, Trust Address: 1703 Oregon Pike Suite 101 Lancaster, PA 17601 Form 13F File Number: 028-05618 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Kenneth G. Mertz II Title: President Phone: 717-396-1116 Signature, Place, and Date of Signing: Kenneth G. Mertz II Lancaster, Pennsylvania April 26, 2010 Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report. [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None. Form 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 322 FORM 13F INFORMATION TABLE VALUE TOTAL: $371,419 (thousands) List of other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state NONE and omit the column headings and list entries.] NO. 13F FILE NUMBER NAME 01 028-12088 FORWARD MANAGEMENT, LLC EMERALD MUTUAL FUND ADVISERS TRUST PAGE 1 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/10
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABOVENET INC COM COM 00374N107 1917 37788 SH SOLE 37788 0 0 ABOVENET INC COM COM 00374N107 892 17584 SH OTHER 01 0 17584 0 ADVANCED ENERGY INDS INC COM COM 007973100 938 56666 SH SOLE 56666 0 0 ADVANCED ENERGY INDS INC COM COM 007973100 482 29088 SH OTHER 01 0 29088 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 496 6280 SH OTHER 01 0 6280 0 AIRTRAN HLDGS INC COM COM 00949P108 1852 364482 SH SOLE 364482 0 0 AIRTRAN HLDGS INC COM COM 00949P108 851 167563 SH OTHER 01 0 167563 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 1949 33688 SH SOLE 33688 0 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 703 12149 SH OTHER 01 0 12149 0 ALLIED NEVADA GOLD CORP COM COM 019344100 1513 91318 SH SOLE 91318 0 0 ALLIED NEVADA GOLD CORP COM COM 019344100 704 42459 SH OTHER 01 0 42459 0 AMAG PHARMACEUTICALS INC COM COM 00163U106 483 13840 SH SOLE 13840 0 0 AMAG PHARMACEUTICALS INC COM COM 00163U106 222 6370 SH OTHER 01 0 6370 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 422 15250 SH OTHER 01 0 15250 0 AMERICAN MED SYS HLDGS INC COM COM 02744M108 1506 81070 SH SOLE 81070 0 0 AMERICAN MED SYS HLDGS INC COM COM 02744M108 673 36220 SH OTHER 01 0 36220 0 AMERICAN SUPERCONDUCTOR CORPCO COM 030111108 586 20260 SH SOLE 20260 0 0 AMERICAN SUPERCONDUCTOR CORPCO COM 030111108 268 9260 SH OTHER 01 0 9260 0 ANSYS INC COM COM 03662Q105 2239 51842 SH SOLE 51842 0 0 ANSYS INC COM COM 03662Q105 1028 23811 SH OTHER 01 0 23811 0 ARENA PHARMACEUTICALS INC COM COM 040047102 460 147498 SH SOLE 147498 0 0 ARENA PHARMACEUTICALS INC COM COM 040047102 211 67514 SH OTHER 01 0 67514 0 ARROW FINL CORP COM COM 042744102 689 25641 SH OTHER 01 0 25641 0 ARUBA NETWORKS INC COM COM 043176106 2464 180410 SH SOLE 180410 0 0 ARUBA NETWORKS INC COM COM 043176106 1126 82418 SH OTHER 01 0 82418 0 ATHENAHEALTH INC COM COM 04685W103 1972 53934 SH SOLE 53934 0 0 ATHENAHEALTH INC COM COM 04685W103 924 25287 SH OTHER 01 0 25287 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 2094 54104 SH SOLE 54104 0 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 977 25234 SH OTHER 01 0 25234 0 BANCORP INC DEL COM COM 05969A105 662 74420 SH OTHER 01 0 74420 0 BANCORPSOUTH INC COM COM 059692103 214 10190 SH OTHER 01 0 10190 0 BANK OF MARIN BANCORP COM COM 063425102 938 28366 SH OTHER 01 0 28366 0 BANK OF THE OZARKS INC COM COM 063904106 1414 40184 SH OTHER 01 0 40184 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 2038 154993 SH SOLE 154993 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 953 72487 SH OTHER 01 0 72487 0 BIOSCRIPT INC COM COM 09069N108 2588 323845 SH SOLE 323845 0 0 BIOSCRIPT INC COM COM 09069N108 1293 161858 SH OTHER 01 0 161858 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 3912 177940 SH SOLE 177940 0 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1806 82166 SH OTHER 01 0 82166 0 BJ'S RESTAURANT INC COM 09180C106 1841 79002 SH SOLE 79002 0 0 BJ'S RESTAURANT INC COM 09180C106 843 36179 SH OTHER 01 0 36179 0 BLACKBOARD INC COM COM 091935502 2524 60597 SH SOLE 60597 0 0 BLACKBOARD INC COM COM 091935502 1153 27682 SH OTHER 01 0 27682 0 BLUEGREEN CORP COM COM 096231105 618 189060 SH SOLE 189060 0 0 BLUEGREEN CORP COM COM 096231105 284 86860 SH OTHER 01 0 86860 0 BRIGHAM EXPL CO COM COM 109178103 2723 170724 SH SOLE 170724 0 0 BRIGHAM EXPL CO COM COM 109178103 1265 79325 SH OTHER 01 0 79325 0 CALIFORNIA UTD BK ENCINO CA CO COM 130781107 162 12560 SH OTHER 01 0 12560 0 CALIX NETWORKS INC COM 13100M509 179 13340 SH SOLE 13340 0 0 CALIX NETWORKS INC COM 13100M509 82 6070 SH OTHER 01 0 6070 0 CAMDEN NATL CORP COM COM 133034108 263 8186 SH OTHER 01 0 8186 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/10
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- CAPELLA EDUCATION CO COM 139594105 1393 15000 SH SOLE 15000 0 0 CAPELLA EDUCATION CO COM 139594105 656 7070 SH OTHER 01 0 7070 0 CARDINAL FINL CORP COM COM 14149F109 488 45700 SH OTHER 01 0 45700 0 CASS INFORMATION SYS INC COM COM 14808P109 1007 32343 SH OTHER 01 0 32343 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 3842 92842 SH SOLE 92842 0 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 1755 42411 SH OTHER 01 0 42411 0 CAVIUM NETWORKS INC COM COM 14965A101 3086 124026 SH SOLE 124026 0 0 CAVIUM NETWORKS INC COM COM 14965A101 1413 56773 SH OTHER 01 0 56773 0 CENTERSTATE BANKS INC COM COM 15201P109 857 70000 SH OTHER 01 0 70000 0 CEPHEID COM COM 15670R107 767 43894 SH SOLE 43894 0 0 CEPHEID COM COM 15670R107 348 19937 SH OTHER 01 0 19937 0 CHICOS FAS INC COM COM 168615102 2504 173622 SH SOLE 173622 0 0 CHICOS FAS INC COM COM 168615102 1171 81226 SH OTHER 01 0 81226 0 CHIQUITA BRANDS INTL INC COM COM 170032809 2679 170292 SH SOLE 170292 0 0 CHIQUITA BRANDS INTL INC COM COM 170032809 1070 68026 SH OTHER 01 0 68026 0 CITI TRENDS INC COM COM 17306X102 1252 38579 SH SOLE 38579 0 0 CITI TRENDS INC COM COM 17306X102 583 17971 SH OTHER 01 0 17971 0 COLUMBIA BKG SYS INC COM COM 197236102 738 36343 SH OTHER 01 0 36343 0 COMMUNITY BANKERS TR CORP COM COM 203612106 287 98529 SH OTHER 01 0 98529 0 COMMUNITY BK SYS INC COM COM 203607106 631 27690 SH OTHER 01 0 27690 0 COMPELLENT TECHNOLOGIES INC CO COM 20452A108 2069 117874 SH SOLE 117874 0 0 COMPELLENT TECHNOLOGIES INC CO COM 20452A108 948 54002 SH OTHER 01 0 54002 0 COOPER TIRE & RUBR CO COM COM 216831107 1224 64336 SH SOLE 64336 0 0 COOPER TIRE & RUBR CO COM COM 216831107 559 29398 SH OTHER 01 0 29398 0 CROCS INC COM COM 227046109 1662 189312 SH SOLE 189312 0 0 CROCS INC COM COM 227046109 762 86826 SH OTHER 01 0 86826 0 CVB FINL CORP COM COM 126600105 234 23600 SH OTHER 01 0 23600 0 DANVERS BANCORP INC COM COM 236442109 563 40735 SH OTHER 01 0 40735 0 DIAMOND FOODS INC COM 252603105 3681 87556 SH SOLE 87556 0 0 DIAMOND FOODS INC COM 252603105 1680 39967 SH OTHER 01 0 39967 0 DIME CMNTY BANCORP INC COM COM 253922108 345 27300 SH OTHER 01 0 27300 0 EAGLE BANCORP INC MD COM COM 268948106 224 18872 SH OTHER 01 0 18872 0 EAGLE BANCORP MT COM COM 26942B101 120 12036 SH OTHER 01 0 12036 0 EBIX INC COM NEW COM 278715206 1818 113934 SH SOLE 113934 0 0 EBIX INC COM NEW COM 278715206 834 52266 SH OTHER 01 0 52266 0 ECLIPSYS CORP COM COM 278856109 791 39800 SH SOLE 39800 0 0 ECLIPSYS CORP COM COM 278856109 361 18180 SH OTHER 01 0 18180 0 EMULEX CORP COM NEW COM 292475209 1282 96550 SH SOLE 96550 0 0 EMULEX CORP COM NEW COM 292475209 478 36030 SH OTHER 01 0 36030 0 ENTERPRISE FINL SVCS CORP COM COM 293712105 247 22316 SH OTHER 01 0 22316 0 ESTERLINE TECHNOLOGIES CORP CO COM 297425100 2277 46065 SH SOLE 46065 0 0 ESTERLINE TECHNOLOGIES CORP CO COM 297425100 1040 21047 SH OTHER 01 0 21047 0 EXLSERVICE HOLDINGS INC COM COM 302081104 1641 98407 SH SOLE 98407 0 0 EXLSERVICE HOLDINGS INC COM COM 302081104 747 44781 SH OTHER 01 0 44781 0 F N B CORP PA COM COM 302520101 142 17500 SH OTHER 01 0 17500 0 FIRST CALIFORNIA FINANCIAL GCO COM 319395109 240 91000 SH OTHER 01 0 91000 0 FIRST CTZNS BANCSHARES NC CL A COM 31946M103 571 2871 SH OTHER 01 0 2871 0 FIRST FINL BANCORP COM COM 320209109 513 28866 SH OTHER 01 0 28866 0 FIRST FINL BANCSHARES INC COM COM 32020R109 727 14100 SH OTHER 01 0 14100 0 FIRST HORIZON NATL CORP COM COM 320517105 164 11689 SH OTHER 01 0 11689 0 FIRST LONG IS CORP COM COM 320734106 509 21100 SH OTHER 01 0 21100 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/10
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- FIRST NIAGARA FINL GP INC COM COM 33582V108 290 20400 SH OTHER 01 0 20400 0 FIRSTMERIT CORP COM COM 337915102 236 10944 SH OTHER 01 0 10944 0 FLUSHING FINL CORP COM COM 343873105 158 12500 SH OTHER 01 0 12500 0 FORMFACTOR INC COM COM 346375108 1723 97036 SH SOLE 97036 0 0 FORMFACTOR INC COM COM 346375108 801 45123 SH OTHER 01 0 45123 0 GSI COMM INC COM COM 36238G102 4388 158302 SH SOLE 158302 0 0 GSI COMM INC COM COM 36238G102 2005 72330 SH OTHER 01 0 72330 0 GUARANTY BANCORP DEL COM COM 40075T102 127 79930 SH OTHER 01 0 79930 0 G-III APPAREL GROUP LTD COM COM 36237H101 2363 85732 SH SOLE 85732 0 0 G-III APPAREL GROUP LTD COM COM 36237H101 1082 39251 SH OTHER 01 0 39251 0 HANCOCK HLDG CO COM COM 410120109 471 11266 SH OTHER 01 0 11266 0 HANGER ORTHOPEDIC GROUP INC CO COM 41043F208 681 37440 SH SOLE 37440 0 0 HANGER ORTHOPEDIC GROUP INC CO COM 41043F208 317 17440 SH OTHER 01 0 17440 0 HANOVER INS GROUP INC COM COM 410867105 528 12110 SH OTHER 01 0 12110 0 HARLEYSVILLE GROUP INC COM COM 412824104 378 11210 SH OTHER 01 0 11210 0 HCC INS HLDGS INC COM COM 404132102 636 23030 SH OTHER 01 0 23030 0 HEADWATERS INC COM COM 42210P102 1003 218482 SH SOLE 218482 0 0 HEADWATERS INC COM COM 42210P102 459 100076 SH OTHER 01 0 100076 0 HEALTHSOUTH CORP COM 421924309 845 45180 SH SOLE 45180 0 0 HEALTHSOUTH CORP COM 421924309 388 20770 SH OTHER 01 0 20770 0 HERITAGE FINL CORP WASH COM COM 42722X106 258 17100 SH OTHER 01 0 17100 0 HF FINL CORP COM COM 404172108 508 50256 SH OTHER 01 0 50256 0 HIBBETT SPORTS INC COM COM 428567101 1357 53062 SH SOLE 53062 0 0 HIBBETT SPORTS INC COM COM 428567101 620 24241 SH OTHER 01 0 24241 0 HITTITE MICROWAVE CORP COM 43365Y104 1104 25110 SH SOLE 25110 0 0 HITTITE MICROWAVE CORP COM 43365Y104 507 11540 SH OTHER 01 0 11540 0 HOME BANCSHARES INC COM COM 436893200 270 10200 SH OTHER 01 0 10200 0 HORIZON BANCORP IND COM COM 440407104 330 17082 SH OTHER 01 0 17082 0 HORSEHEAD HOLDING CORP COM 440694305 2057 173732 SH SOLE 173732 0 0 HORSEHEAD HOLDING CORP COM 440694305 940 79366 SH OTHER 01 0 79366 0 HOVNANIAN ENTERPRISES INC CL A COM 442487203 1017 233810 SH SOLE 233810 0 0 HOVNANIAN ENTERPRISES INC CL A COM 442487203 473 108764 SH OTHER 01 0 108764 0 HUB GROUP INC CL A COM 443320106 2745 98092 SH SOLE 98092 0 0 HUB GROUP INC CL A COM 443320106 1112 39734 SH OTHER 01 0 39734 0 HUMAN GENOME SCIENCES INC COM COM 444903108 3878 128406 SH SOLE 128406 0 0 HUMAN GENOME SCIENCES INC COM COM 444903108 1775 58777 SH OTHER 01 0 58777 0 IBERIABANK CORP COM COM 450828108 1097 18277 SH SOLE 18277 0 0 IBERIABANK CORP COM COM 450828108 1714 28554 SH OTHER 01 0 28554 0 IMAX CORP COM COM 45245E109 1831 101805 SH SOLE 101805 0 0 IMAX CORP COM COM 45245E109 840 46687 SH OTHER 01 0 46687 0 IMMUNOGEN INC COM COM 45253H101 1357 167692 SH SOLE 167692 0 0 IMMUNOGEN INC COM COM 45253H101 618 76432 SH OTHER 01 0 76432 0 IMPAX LABORATORIES INC COM COM 45256B101 3527 197286 SH SOLE 197286 0 0 IMPAX LABORATORIES INC COM COM 45256B101 1615 90325 SH OTHER 01 0 90325 0 INDEPENDENT BK CORP MASS COM COM 453836108 727 29500 SH OTHER 01 0 29500 0 INSPIRE PHARMACEUTICALS INC CO COM 457733103 1378 220904 SH SOLE 220904 0 0 INSPIRE PHARMACEUTICALS INC CO COM 457733103 601 96381 SH OTHER 01 0 96381 0 INTERMUNE INC COM COM 45884X103 698 15660 SH SOLE 15660 0 0 INTERMUNE INC COM COM 45884X103 319 7154 SH OTHER 01 0 7154 0 INTERNATIONAL BANCSHARES CORCO COM 459044103 315 13700 SH OTHER 01 0 13700 0 IPG PHOTONICS CORP COM 44980X109 1981 133945 SH SOLE 133945 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/10
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- IPG PHOTONICS CORP COM 44980X109 917 61996 SH OTHER 01 0 61996 0 ISIS PHARMACEUTICALS COM COM 464330109 821 75120 SH SOLE 75120 0 0 ISIS PHARMACEUTICALS COM COM 464330109 384 35130 SH OTHER 01 0 35130 0 J CREW GROUP INC COM COM 46612H402 1332 29026 SH SOLE 29026 0 0 J CREW GROUP INC COM COM 46612H402 484 10538 SH OTHER 01 0 10538 0 KBW INC COM 482423100 666 24750 SH OTHER 01 0 24750 0 KFORCE COM INC COM COM 493732101 972 63882 SH SOLE 63882 0 0 KFORCE COM INC COM COM 493732101 506 33270 SH OTHER 01 0 33270 0 KIRKLANDS INC COM COM 497498105 1136 54084 SH SOLE 54084 0 0 KIRKLANDS INC COM COM 497498105 519 24712 SH OTHER 01 0 24712 0 KOPPERS HOLDINGS INC COM 50060P106 1775 62690 SH SOLE 62690 0 0 KOPPERS HOLDINGS INC COM 50060P106 733 25899 SH OTHER 01 0 25899 0 KORN FERRY INTL COM NEW COM 500643200 3242 183656 SH SOLE 183656 0 0 KORN FERRY INTL COM NEW COM 500643200 1505 85252 SH OTHER 01 0 85252 0 KULICKE & SOFFA INDS INC COM COM 501242101 1382 190578 SH SOLE 190578 0 0 KULICKE & SOFFA INDS INC COM COM 501242101 631 87068 SH OTHER 01 0 87068 0 LAKELAND FINL CORP COM COM 511656100 573 30063 SH OTHER 01 0 30063 0 LUMBER LIQUIDATORS HOLDINGS IN COM 55003T107 2544 95370 SH SOLE 95370 0 0 LUMBER LIQUIDATORS HOLDINGS IN COM 55003T107 1163 43609 SH OTHER 01 0 43609 0 MAIDENFORM BRANDS INC COM COM 560305104 2371 108509 SH SOLE 108509 0 0 MAIDENFORM BRANDS INC COM COM 560305104 1110 50793 SH OTHER 01 0 50793 0 MASIMO CORPORATION COM 574795100 787 29630 SH SOLE 29630 0 0 MASIMO CORPORATION COM 574795100 361 13585 SH OTHER 01 0 13585 0 MCCORMICK & SCHMICKS SEAFD RCO COM 579793100 1171 116306 SH SOLE 116306 0 0 MCCORMICK & SCHMICKS SEAFD RCO COM 579793100 523 51963 SH OTHER 01 0 51963 0 MEADOWBROOK INS GROUP INC COM COM 58319P108 461 58382 SH OTHER 01 0 58382 0 MEDASSETS INC COM COM 584045108 1902 90582 SH SOLE 90582 0 0 MEDASSETS INC COM COM 584045108 889 42341 SH OTHER 01 0 42341 0 MERCER INS GROUP INC COM COM 587902107 461 25595 SH OTHER 01 0 25595 0 METALICO INC COM COM 591176102 2187 365107 SH SOLE 365107 0 0 METALICO INC COM COM 591176102 999 166809 SH OTHER 01 0 166809 0 MICROMET INC COM COM 59509C105 1553 192150 SH SOLE 192150 0 0 MICROMET INC COM COM 59509C105 709 87775 SH OTHER 01 0 87775 0 MICROSEMI CORP COM COM 595137100 2081 120015 SH SOLE 120015 0 0 MICROSEMI CORP COM COM 595137100 973 56137 SH OTHER 01 0 56137 0 MICROSTRATEGY INC NEW CL A COM 594972408 2651 31162 SH SOLE 31162 0 0 MICROSTRATEGY INC NEW CL A COM 594972408 1211 14230 SH OTHER 01 0 14230 0 MIDSOUTH BANCORP INC COM COM 598039105 240 14566 SH OTHER 01 0 14566 0 MIDWESTONE FINANCIAL GROUP INC COM 598511103 316 26800 SH OTHER 01 0 26800 0 MINDSPEED TECHNOLOGIES INC COM COM 602682205 901 112468 SH SOLE 112468 0 0 MINDSPEED TECHNOLOGIES INC COM COM 602682205 412 51379 SH OTHER 01 0 51379 0 MONOLITHIC PWR SYS INC COM COM 609839105 1102 49438 SH SOLE 49438 0 0 MONOLITHIC PWR SYS INC COM COM 609839105 501 22454 SH OTHER 01 0 22454 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 2134 52824 SH SOLE 52824 0 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 979 24242 SH OTHER 01 0 24242 0 N B T BANCORP INC COM COM 628778102 284 12400 SH OTHER 01 0 12400 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 2621 89056 SH SOLE 89056 0 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 1207 41026 SH OTHER 01 0 41026 0 NEWMARKET CORP COM COM 651587107 1385 13451 SH SOLE 13451 0 0 NEWMARKET CORP COM COM 651587107 633 6145 SH OTHER 01 0 6145 0 NORDSON CORP COM COM 655663102 3013 44360 SH SOLE 44360 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/10
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- NORDSON CORP COM COM 655663102 1403 20660 SH OTHER 01 0 20660 0 NUTRI SYS INC NEW COM COM 67069D108 1714 96166 SH SOLE 96166 0 0 NUTRI SYS INC NEW COM COM 67069D108 801 44934 SH OTHER 01 0 44934 0 NUVASIVE INC COM COM 670704105 574 12690 SH SOLE 12690 0 0 NUVASIVE INC COM COM 670704105 159 3520 SH OTHER 01 0 3520 0 OCEANFIRST FINL CORP COM COM 675234108 117 10300 SH OTHER 01 0 10300 0 ON ASSIGNMENT INC COM COM 682159108 1935 271336 SH SOLE 271336 0 0 ON ASSIGNMENT INC COM COM 682159108 879 123251 SH OTHER 01 0 123251 0 ORRSTOWN FINL SVCS INC COM COM 687380105 434 17123 SH OTHER 01 0 17123 0 PACIFIC PREMIER BANCORP COM COM 69478X105 119 24350 SH OTHER 01 0 24350 0 PENN VIRGINIA CORP COM 707882106 1440 58782 SH SOLE 58782 0 0 PENN VIRGINIA CORP COM 707882106 660 26951 SH OTHER 01 0 26951 0 PHARMASSET INC COM COM 71715N106 640 23866 SH SOLE 23866 0 0 PHARMASSET INC COM COM 71715N106 292 10902 SH OTHER 01 0 10902 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 650 43000 SH OTHER 01 0 43000 0 POLYCOM INC COM COM 73172K104 1363 44580 SH SOLE 44580 0 0 POLYCOM INC COM COM 73172K104 627 20490 SH OTHER 01 0 20490 0 PRIVATEBANCORP INC COM COM 742962103 160 11677 SH OTHER 01 0 11677 0 PROSPERITY BANCSHARES INC COM COM 743606105 1140 27800 SH OTHER 01 0 27800 0 RACKSPACE HOSTING INC COM COM 750086100 2651 141520 SH SOLE 141520 0 0 RACKSPACE HOSTING INC COM COM 750086100 1211 64650 SH OTHER 01 0 64650 0 RAYMOND JAMES FINL INC COM COM 754730109 936 35000 SH OTHER 01 0 35000 0 REGENERON PHARMACEUTICALS COM COM 75886F107 1700 64164 SH SOLE 64164 0 0 REGENERON PHARMACEUTICALS COM COM 75886F107 784 29608 SH OTHER 01 0 29608 0 RENAISSANCERE HOLDINGS LTD COM COM G7496G103 396 6980 SH OTHER 01 0 6980 0 RIVERBED TECHNOLOGY INC COM COM 768573107 1888 66462 SH SOLE 66462 0 0 RIVERBED TECHNOLOGY INC COM COM 768573107 884 31111 SH OTHER 01 0 31111 0 ROCK-TENN CO CL A COM 772739207 2682 58860 SH SOLE 58860 0 0 ROCK-TENN CO CL A COM 772739207 1278 28040 SH OTHER 01 0 28040 0 ROVI CORP COM COM 779376102 1523 41026 SH SOLE 41026 0 0 ROVI CORP COM COM 779376102 710 19113 SH OTHER 01 0 19113 0 RPC INC COM COM 749660106 1485 133448 SH SOLE 133448 0 0 RPC INC COM COM 749660106 681 61199 SH OTHER 01 0 61199 0 RUBICON TECHNOLOGY INC COM 78112T107 1272 62954 SH SOLE 62954 0 0 RUBICON TECHNOLOGY INC COM 78112T107 583 28872 SH OTHER 01 0 28872 0 SALIX PHARMACEUTICALS LTD COM COM 795435106 2247 60330 SH SOLE 60330 0 0 SALIX PHARMACEUTICALS LTD COM COM 795435106 1002 26890 SH OTHER 01 0 26890 0 SANDY SPRING BANCORP INC CMT-C COM 800363103 186 12433 SH OTHER 01 0 12433 0 SCBT FINANCIAL CORPOERATION COM 78401V102 260 7030 SH OTHER 01 0 7030 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 1254 26364 SH SOLE 26364 0 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 528 11092 SH OTHER 01 0 11092 0 SEACOAST BKG CORP FLA COM COM 811707306 118 69700 SH OTHER 01 0 69700 0 SELECT COMFORT CORP OC-CAP STK COM 81616X103 1848 231834 SH SOLE 231834 0 0 SELECT COMFORT CORP OC-CAP STK COM 81616X103 844 105912 SH OTHER 01 0 105912 0 SHUFFLE MASTER INC COM COM 825549108 3019 368608 SH SOLE 368608 0 0 SHUFFLE MASTER INC COM COM 825549108 1404 171453 SH OTHER 01 0 171453 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 1250 33750 SH SOLE 33750 0 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 1807 48769 SH OTHER 01 0 48769 0 SIRONA DENTAL SYSTEMS INC COM COM 82966C103 1839 48356 SH SOLE 48356 0 0 SIRONA DENTAL SYSTEMS INC COM COM 82966C103 856 22518 SH OTHER 01 0 22518 0 SKECHERS U S A INC CL A COM 830566105 2089 57510 SH SOLE 57510 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/10
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- SKECHERS U S A INC CL A COM 830566105 963 26505 SH OTHER 01 0 26505 0 SKYWORKS SOLUTIONS INC COM COM 83088M102 1687 108156 SH SOLE 108156 0 0 SKYWORKS SOLUTIONS INC COM COM 83088M102 789 50608 SH OTHER 01 0 50608 0 SOUTHERN NATL BANCORP OF VA CO COM 843395104 111 13866 SH OTHER 01 0 13866 0 STIFEL FINL CORP COM COM 860630102 1019 18950 SH SOLE 18950 0 0 STIFEL FINL CORP COM COM 860630102 1340 24928 SH OTHER 01 0 24928 0 SUCCESSFACTORS INC COM 864596101 3264 171428 SH SOLE 171428 0 0 SUCCESSFACTORS INC COM 864596101 1507 79161 SH OTHER 01 0 79161 0 SUSQUEHANNA BANCSHARES INC COM COM 869099101 453 46206 SH OTHER 01 0 46206 0 SVB FINL GROUP COM COM 78486Q101 1792 38408 SH SOLE 38408 0 0 SVB FINL GROUP COM COM 78486Q101 1868 40038 SH OTHER 01 0 40038 0 SXC HEALTH SOLUTIONS CORP COM COM 78505P100 1316 19558 SH SOLE 19558 0 0 SXC HEALTH SOLUTIONS CORP COM COM 78505P100 603 8964 SH OTHER 01 0 8964 0 TALEO CORP COM 87424N104 2400 92634 SH SOLE 92634 0 0 TALEO CORP COM 87424N104 1215 46897 SH OTHER 01 0 46897 0 TECHE HLDG CO COM COM 878330109 684 20800 SH OTHER 01 0 20800 0 TEMPUR-PEDIC INTL INC COM COM 88023U101 2184 72420 SH SOLE 72420 0 0 TEMPUR-PEDIC INTL INC COM COM 88023U101 998 33080 SH OTHER 01 0 33080 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2888 152074 SH SOLE 152074 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 3004 158180 SH OTHER 01 0 158180 0 TEXAS ROADHOUSE INC CL A COM 882681109 2722 195952 SH SOLE 195952 0 0 TEXAS ROADHOUSE INC CL A COM 882681109 1264 90971 SH OTHER 01 0 90971 0 THOMAS WEISEL PARTNERS GROUP COM 884481102 91 23306 SH OTHER 01 0 23306 0 THORATEC LABS CORP COM NEW COM 885175307 2313 69155 SH SOLE 69155 0 0 THORATEC LABS CORP COM NEW COM 885175307 1057 31597 SH OTHER 01 0 31597 0 TOWER BANCORP INC COM COM 891709107 379 14166 SH OTHER 01 0 14166 0 TUPPERWARE CORP COM COM 899896104 3340 69260 SH SOLE 69260 0 0 TUPPERWARE CORP COM COM 899896104 1531 31760 SH OTHER 01 0 31760 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 2184 96560 SH SOLE 96560 0 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 1001 44271 SH OTHER 01 0 44271 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 2393 72615 SH SOLE 72615 0 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 1118 33919 SH OTHER 01 0 33919 0 UNITED CMNTY BKS INC CDT-CAP S COM 90984P105 332 75266 SH OTHER 01 0 75266 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 926 78654 SH SOLE 78654 0 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 423 35936 SH OTHER 01 0 35936 0 URSTADT BIDDLE PPTYS INC CL A COM 917286205 546 34540 SH OTHER 01 0 34540 0 UTI WORLDWIDE INC ORD COM G87210103 451 29456 SH SOLE 29456 0 0 UTI WORLDWIDE INC ORD COM G87210103 201 13143 SH OTHER 01 0 13143 0 VALUEVISION INTL INC CL A COM 92047K107 683 205829 SH SOLE 205829 0 0 VALUEVISION INTL INC CL A COM 92047K107 304 91650 SH OTHER 01 0 91650 0 VANTAGE DRILLING COMPANY ORD S COM G93205113 212 143180 SH SOLE 143180 0 0 VANTAGE DRILLING COMPANY ORD S COM G93205113 98 66377 SH OTHER 01 0 66377 0 VEECO INSTRS INC DEL COM COM 922417100 1645 37834 SH SOLE 37834 0 0 VEECO INSTRS INC DEL COM COM 922417100 752 17287 SH OTHER 01 0 17287 0 VIASAT INC COM COM 92552V100 2224 64260 SH SOLE 64260 0 0 VIASAT INC COM COM 92552V100 1020 29464 SH OTHER 01 0 29464 0 VIEWPOINT FINL GROUP COM COM 926727108 176 10888 SH OTHER 01 0 10888 0 VITACOST.COM INC COM 92847A200 1224 101583 SH SOLE 101583 0 0 VITACOST.COM INC COM 92847A200 561 46591 SH OTHER 01 0 46591 0 VOLCANO CORPORATION COM COM 928645100 3283 135870 SH SOLE 135870 0 0 VOLCANO CORPORATION COM COM 928645100 1504 62269 SH OTHER 01 0 62269 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 7 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/10
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- WARNACO GROUP INC CL A NEW COM 934390402 2339 49028 SH SOLE 49028 0 0 WARNACO GROUP INC CL A NEW COM 934390402 1057 22154 SH OTHER 01 0 22154 0 WASHINGTON BKG CO OAK HBR WACO COM 937303105 273 21703 SH OTHER 01 0 21703 0 WASHINGTON FED INC COM COM 938824109 306 15060 SH OTHER 01 0 15060 0 WESCO INTL INC COM COM 95082P105 2334 67240 SH SOLE 67240 0 0 WESCO INTL INC COM COM 95082P105 1066 30720 SH OTHER 01 0 30720 0 WESTERN ALLIANCE BANCORP COM 957638109 683 120011 SH OTHER 01 0 120011 0 WESTFIELD FINL INC COM COM 96008P104 436 47460 SH OTHER 01 0 47460 0 WESTWOOD HLDGS GROUP INC COM COM 961765104 305 8296 SH OTHER 01 0 8296 0 WET SEAL INC CL A COM 961840105 2506 526513 SH SOLE 526513 0 0 WET SEAL INC CL A COM 961840105 1171 245976 SH OTHER 01 0 245976 0 WHITING PETE CORP NEW COM COM 966387102 3282 40596 SH SOLE 40596 0 0 WHITING PETE CORP NEW COM COM 966387102 1507 18640 SH OTHER 01 0 18640 0 WINTRUST FINL CORP COM COM 97650W108 686 18430 SH OTHER 01 0 18430 0 WOODWARD GOVERNOR CO COM COM 980745103 1272 39770 SH SOLE 39770 0 0 WOODWARD GOVERNOR CO COM COM 980745103 594 18580 SH OTHER 01 0 18580 0 LINE COUNT: 322
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