0001144204-11-023750.txt : 20110425 0001144204-11-023750.hdr.sgml : 20110425 20110425144949 ACCESSION NUMBER: 0001144204-11-023750 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110425 DATE AS OF CHANGE: 20110425 EFFECTIVENESS DATE: 20110425 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: 11777189 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 v219569_13fhr.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, 2011 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 25, 2011 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: 301 FORM 13F INFORMATION TABLE VALUE TOTAL: $332,299 (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: 03/31/11 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 ------------------------------------------------------------------------------------------------------------------------------------ 1ST UNITED BANCORP INC FLA COM COM 33740N105 74 10550 SH OTHER 01 0 10550 0 3-D SYS CORP DEL COM NEW COM 88554D205 2816 58020 SH SOLE 58020 0 0 3-D SYS CORP DEL COM NEW COM 88554D205 2213 45610 SH OTHER 01 0 45610 0 ABOVENET INC COM COM 00374N107 2205 33996 SH SOLE 33996 0 0 ABOVENET INC COM COM 00374N107 1756 27071 SH OTHER 01 0 27071 0 ACME PACKET INC COM COM 004764106 2561 36086 SH SOLE 36086 0 0 ACME PACKET INC COM COM 004764106 1845 26003 SH OTHER 01 0 26003 0 ACTUANT CORP CL A NEW COM 00508X203 1558 53736 SH SOLE 53736 0 0 ACTUANT CORP CL A NEW COM 00508X203 1219 42043 SH OTHER 01 0 42043 0 ADTRAN INC COM COM 00738A106 726 17110 SH SOLE 17110 0 0 ADTRAN INC COM COM 00738A106 760 17890 SH OTHER 01 0 17890 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 501 4580 SH OTHER 01 0 4580 0 AIR TRANSPORT SERVICES GROUP COM 00922R105 794 93907 SH SOLE 93907 0 0 AIR TRANSPORT SERVICES GROUP COM 00922R105 628 74333 SH OTHER 01 0 74333 0 ALLIED NEVADA GOLD CORP COM COM 019344100 1854 52246 SH SOLE 52246 0 0 ALLIED NEVADA GOLD CORP COM COM 019344100 1450 40868 SH OTHER 01 0 40868 0 AMERICAN BUSINESS BK LA CALICO COM 02475L105 245 10656 SH OTHER 01 0 10656 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 648 19640 SH OTHER 01 0 19640 0 AMERIS BANCORP COM COM 03076K108 143 14116 SH OTHER 01 0 14116 0 ARUBA NETWORKS INC COM COM 043176106 2473 73078 SH SOLE 73078 0 0 ARUBA NETWORKS INC COM COM 043176106 2038 60220 SH OTHER 01 0 60220 0 BANCORP INC DEL COM COM 05969A105 945 102430 SH OTHER 01 0 102430 0 BANK OF MARIN BANCORP COM COM 063425102 947 25386 SH OTHER 01 0 25386 0 BANK OF THE OZARKS INC COM COM 063904106 1111 25410 SH SOLE 25410 0 0 BANK OF THE OZARKS INC COM COM 063904106 2611 59729 SH OTHER 01 0 59729 0 BANKUNITED INC COM 06652K103 442 15381 SH OTHER 01 0 15381 0 BERKSHIRE HILLS BANCORP INC CO COM 084680107 221 10630 SH OTHER 01 0 10630 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 1277 97419 SH SOLE 97419 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 1018 77619 SH OTHER 01 0 77619 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1829 81528 SH SOLE 81528 0 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1433 63846 SH OTHER 01 0 63846 0 BJ'S RESTAURANT INC COM 09180C106 1702 43282 SH SOLE 43282 0 0 BJ'S RESTAURANT INC COM 09180C106 1423 36179 SH OTHER 01 0 36179 0 BLUEGREEN CORP COM COM 096231105 596 145080 SH SOLE 145080 0 0 BLUEGREEN CORP COM COM 096231105 536 130480 SH OTHER 01 0 130480 0 BODY CENTRAL CORP COM 09689U102 1950 83932 SH SOLE 83932 0 0 BODY CENTRAL CORP COM 09689U102 1523 65571 SH OTHER 01 0 65571 0 BRAVO BRIO RESTAURANT GROUP COM 10567B109 181 10212 SH SOLE 10212 0 0 BRAVO BRIO RESTAURANT GROUP COM 10567B109 280 15806 SH OTHER 01 0 15806 0 BRYN MAWR BK CORP COM COM 117665109 251 12180 SH OTHER 01 0 12180 0 CALIFORNIA UTD BK ENCINO CA CO COM 130781107 350 27110 SH OTHER 01 0 27110 0 CAPITOL FEDERAL FINANCIAL COM 14057J101 255 22635 SH OTHER 01 0 22635 0 CARDINAL FINL CORP COM COM 14149F109 700 60020 SH OTHER 01 0 60020 0 CAROLINA TR BK LINCOLNTON NCCO COM 144200102 89 28050 SH OTHER 01 0 28050 0 CASS INFORMATION SYS INC COM COM 14808P109 1271 32343 SH OTHER 01 0 32343 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 1089 19476 SH SOLE 19476 0 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 933 16677 SH OTHER 01 0 16677 0 CAVIUM NETWORKS INC COM COM 14965A101 2228 49594 SH SOLE 49594 0 0 CAVIUM NETWORKS INC COM COM 14965A101 1787 39769 SH OTHER 01 0 39769 0 CITIZENS FINL SVCS INC COM COM 174615104 265 7070 SH OTHER 01 0 7070 0 COLUMBIA BKG SYS INC COM COM 197236102 540 28167 SH OTHER 01 0 28167 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/11 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 ------------------------------------------------------------------------------------------------------------------------------------ COMMUNITY BK SYS INC COM COM 203607106 230 9490 SH OTHER 01 0 9490 0 COST PLUS INC CALIF COM COM 221485105 1274 129756 SH SOLE 129756 0 0 COST PLUS INC CALIF COM COM 221485105 1000 101851 SH OTHER 01 0 101851 0 CROCS INC COM COM 227046109 1891 105992 SH SOLE 105992 0 0 CROCS INC COM COM 227046109 1464 82081 SH OTHER 01 0 82081 0 DANVERS BANCORP INC COM COM 236442109 873 40735 SH OTHER 01 0 40735 0 DEMANDTEC INC COM 24802R506 1978 150309 SH SOLE 150309 0 0 DEMANDTEC INC COM 24802R506 1539 116946 SH OTHER 01 0 116946 0 DIAMOND FOODS INC COM 252603105 1891 33889 SH SOLE 33889 0 0 DIAMOND FOODS INC COM 252603105 1481 26538 SH OTHER 01 0 26538 0 DIAMONDROCK HOSPITALITY CO COM COM 252784301 616 55180 SH OTHER 01 0 55180 0 DICE HLDGS INC COM COM 253017107 1033 68345 SH SOLE 68345 0 0 DICE HLDGS INC COM COM 253017107 808 53465 SH OTHER 01 0 53465 0 DIME CMNTY BANCORP INC COM COM 253922108 338 22900 SH OTHER 01 0 22900 0 DUPONT FABROS TECHNOLOGY INCCO COM 26613Q106 1220 50304 SH SOLE 50304 0 0 DUPONT FABROS TECHNOLOGY INCCO COM 26613Q106 1566 64560 SH OTHER 01 0 64560 0 EAGLE BANCORP INC MD COM COM 268948106 465 33112 SH OTHER 01 0 33112 0 EAST WEST BANCORP INC COM COM 27579R104 773 35210 SH OTHER 01 0 35210 0 EBIX INC COM NEW COM 278715206 866 36599 SH SOLE 36599 0 0 EBIX INC COM NEW COM 278715206 765 32346 SH OTHER 01 0 32346 0 ENTERPRISE FINL SVCS CORP COM COM 293712105 160 11356 SH OTHER 01 0 11356 0 ENVESTNET INC COM 29404K106 697 51880 SH OTHER 01 0 51880 0 EPOCRATES INC COM 29429D103 557 28138 SH SOLE 28138 0 0 EPOCRATES INC COM 29429D103 451 22801 SH OTHER 01 0 22801 0 ESTERLINE TECHNOLOGIES CORP CO COM 297425100 2020 28570 SH SOLE 28570 0 0 ESTERLINE TECHNOLOGIES CORP CO COM 297425100 1588 22454 SH OTHER 01 0 22454 0 EVANS BANCORP INC COM NEW COM 29911Q208 198 14050 SH OTHER 01 0 14050 0 EXLSERVICE HOLDINGS INC COM COM 302081104 1028 48599 SH SOLE 48599 0 0 EXLSERVICE HOLDINGS INC COM COM 302081104 803 37963 SH OTHER 01 0 37963 0 F N B CORP PA COM COM 302520101 184 17500 SH OTHER 01 0 17500 0 FARO TECHNOLOGIES INC COM COM 311642102 3009 75223 SH SOLE 75223 0 0 FARO TECHNOLOGIES INC COM COM 311642102 2349 58720 SH OTHER 01 0 58720 0 FINANCIAL INSTNS INC COM COM 317585404 322 18400 SH OTHER 01 0 18400 0 FINISH LINE INC CL A COM 317923100 1188 59870 SH SOLE 59870 0 0 FINISH LINE INC CL A COM 317923100 939 47310 SH OTHER 01 0 47310 0 FIRST CALIFORNIA FINANCIAL GCO COM 319395109 341 91000 SH OTHER 01 0 91000 0 FIRST CTZNS BANCSHARES NC CL A COM 31946M103 676 3371 SH OTHER 01 0 3371 0 FIRST FINL BANCORP COM COM 320209109 482 28866 SH OTHER 01 0 28866 0 FIRST FINL BANCSHARES INC COM COM 32020R109 724 14100 SH OTHER 01 0 14100 0 FIRST HORIZON NATL CORP COM COM 320517105 137 12254 SH OTHER 01 0 12254 0 FIRST LONG IS CORP COM COM 320734106 873 31450 SH OTHER 01 0 31450 0 FIRST NIAGARA FINL GP INC COM COM 33582V108 317 23330 SH OTHER 01 0 23330 0 FIRSTMERIT CORP COM COM 337915102 548 32084 SH OTHER 01 0 32084 0 FLUSHING FINL CORP COM COM 343873105 186 12500 SH OTHER 01 0 12500 0 FORTINET INC COM 34959E109 2094 47420 SH SOLE 47420 0 0 FORTINET INC COM 34959E109 1645 37260 SH OTHER 01 0 37260 0 FRESH MARKET INC COM 35804H106 563 14915 SH SOLE 14915 0 0 FRESH MARKET INC COM 35804H106 428 11331 SH OTHER 01 0 11331 0 GEVO INC COM 374396109 716 36332 SH SOLE 36332 0 0 GEVO INC COM 374396109 585 29717 SH OTHER 01 0 29717 0 GRAHAM CORP COM COM 384556106 803 33556 SH SOLE 33556 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/11 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 ------------------------------------------------------------------------------------------------------------------------------------ GRAHAM CORP COM COM 384556106 631 26378 SH OTHER 01 0 26378 0 GREENHILL & CO INC COM COM 395259104 299 4540 SH OTHER 01 0 4540 0 GSI COMM INC COM COM 36238G102 956 32669 SH SOLE 32669 0 0 GSI COMM INC COM COM 36238G102 747 25525 SH OTHER 01 0 25525 0 GUARANTY BANCORP DEL COM COM 40075T102 132 102490 SH OTHER 01 0 102490 0 GULFPORT ENERGY CORP COM NEW COM 402635304 2404 66530 SH SOLE 66530 0 0 GULFPORT ENERGY CORP COM NEW COM 402635304 1881 52050 SH OTHER 01 0 52050 0 G-III APPAREL GROUP LTD COM COM 36237H101 1460 38862 SH SOLE 38862 0 0 G-III APPAREL GROUP LTD COM COM 36237H101 1194 31784 SH OTHER 01 0 31784 0 HANCOCK HLDG CO COM COM 410120109 631 19206 SH OTHER 01 0 19206 0 HEALTHSOUTH CORP COM 421924309 391 15648 SH SOLE 15648 0 0 HEALTHSOUTH CORP COM 421924309 625 25030 SH OTHER 01 0 25030 0 HERITAGE FINL CORP WASH COM COM 42722X106 368 25950 SH OTHER 01 0 25950 0 HERSHA HOSPITALITY TR PRIORITY COM 427825104 309 51955 SH OTHER 01 0 51955 0 HIBBETT SPORTS INC COM COM 428567101 2066 57686 SH SOLE 57686 0 0 HIBBETT SPORTS INC COM COM 428567101 1616 45114 SH OTHER 01 0 45114 0 HOPFED BANCORP INC COM COM 439734104 171 18533 SH OTHER 01 0 18533 0 HORIZON BANCORP IND COM COM 440407104 591 21632 SH OTHER 01 0 21632 0 HORSEHEAD HOLDING CORP COM 440694305 1467 86023 SH SOLE 86023 0 0 HORSEHEAD HOLDING CORP COM 440694305 1126 66024 SH OTHER 01 0 66024 0 HUB GROUP INC CL A COM 443320106 902 24911 SH SOLE 24911 0 0 HUB GROUP INC CL A COM 443320106 708 19573 SH OTHER 01 0 19573 0 IBERIABANK CORP COM COM 450828108 846 14076 SH SOLE 14076 0 0 IBERIABANK CORP COM COM 450828108 2045 34014 SH OTHER 01 0 34014 0 II-VI INC COM COM 902104108 2666 53586 SH SOLE 53586 0 0 II-VI INC COM COM 902104108 2117 42550 SH OTHER 01 0 42550 0 INDEPENDENT BK CORP MASS COM COM 453836108 452 16750 SH OTHER 01 0 16750 0 INPHI CORP COM COM 45772F107 1091 51940 SH SOLE 51940 0 0 INPHI CORP COM COM 45772F107 777 37005 SH OTHER 01 0 37005 0 INTERDIGITAL INC PA COM 45867G101 1462 30652 SH SOLE 30652 0 0 INTERDIGITAL INC PA COM 45867G101 1153 24176 SH OTHER 01 0 24176 0 INTRALINKS HLDGS INC COM COM 46118H104 858 32070 SH SOLE 32070 0 0 INTRALINKS HLDGS INC COM COM 46118H104 682 25510 SH OTHER 01 0 25510 0 IPG PHOTONICS CORP COM 44980X109 4214 73061 SH SOLE 73061 0 0 IPG PHOTONICS CORP COM 44980X109 3293 57092 SH OTHER 01 0 57092 0 IXIA COM COM 45071R109 248 15643 SH SOLE 15643 0 0 IXIA COM COM 45071R109 194 12223 SH OTHER 01 0 12223 0 JAZZ PHARMACEUTICALS INC COM COM 472147107 758 23814 SH SOLE 23814 0 0 JAZZ PHARMACEUTICALS INC COM COM 472147107 592 18602 SH OTHER 01 0 18602 0 JEFFERIES GROUP INC NEW COM COM 472319102 223 8940 SH OTHER 01 0 8940 0 KBW INC COM 482423100 289 11037 SH OTHER 01 0 11037 0 KFORCE COM INC COM COM 493732101 1867 102008 SH SOLE 102008 0 0 KFORCE COM INC COM COM 493732101 1518 82950 SH OTHER 01 0 82950 0 KODIAK OIL & GAS CORP COM COM 50015Q100 1031 153918 SH SOLE 153918 0 0 KODIAK OIL & GAS CORP COM COM 50015Q100 1178 175834 SH OTHER 01 0 175834 0 KRATON PERFORMANCE POLYMERS CO COM 50077C106 2180 56992 SH SOLE 56992 0 0 KRATON PERFORMANCE POLYMERS CO COM 50077C106 1705 44586 SH OTHER 01 0 44586 0 LAKELAND FINL CORP COM COM 511656100 682 30063 SH OTHER 01 0 30063 0 LOGMEIN INC COM 54142L109 947 22452 SH SOLE 22452 0 0 LOGMEIN INC COM 54142L109 411 9746 SH OTHER 01 0 9746 0 MAGNUM HUNTER RES CORP DEL COM COM 55973B102 925 107951 SH SOLE 107951 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/11 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 ------------------------------------------------------------------------------------------------------------------------------------ MAGNUM HUNTER RES CORP DEL COM COM 55973B102 806 94070 SH OTHER 01 0 94070 0 MASIMO CORPORATION COM 574795100 1066 32216 SH SOLE 32216 0 0 MASIMO CORPORATION COM 574795100 836 25248 SH OTHER 01 0 25248 0 MEADOWBROOK INS GROUP INC COM COM 58319P108 828 80032 SH OTHER 01 0 80032 0 MICROSEMI CORP COM COM 595137100 1319 63685 SH SOLE 63685 0 0 MICROSEMI CORP COM COM 595137100 1039 50147 SH OTHER 01 0 50147 0 MIDDLEBY CORP COM COM 596278101 1985 21314 SH SOLE 21314 0 0 MIDDLEBY CORP COM COM 596278101 1459 15672 SH OTHER 01 0 15672 0 MIDSOUTH BANCORP INC COM COM 598039105 211 14566 SH OTHER 01 0 14566 0 MIPS TECHNOLOGIES INC COM COM 604567107 589 56186 SH SOLE 56186 0 0 MIPS TECHNOLOGIES INC COM COM 604567107 462 44048 SH OTHER 01 0 44048 0 MOLINA HEALTHCARE INC COM COM 60855R100 1796 44890 SH SOLE 44890 0 0 MOLINA HEALTHCARE INC COM COM 60855R100 1409 35214 SH OTHER 01 0 35214 0 MONRO MUFFLER BRAKE INC COM COM 610236101 1056 32034 SH SOLE 32034 0 0 MONRO MUFFLER BRAKE INC COM COM 610236101 886 26862 SH OTHER 01 0 26862 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 4297 53258 SH SOLE 53258 0 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 3262 40429 SH OTHER 01 0 40429 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 227 8700 SH OTHER 01 0 8700 0 NATUS MEDICAL INC DEL COM COM 639050103 1111 66122 SH SOLE 66122 0 0 NATUS MEDICAL INC DEL COM COM 639050103 870 51786 SH OTHER 01 0 51786 0 NEOPHOTONICS CORP COM 64051T100 419 37024 SH SOLE 37024 0 0 NEOPHOTONICS CORP COM 64051T100 329 29133 SH OTHER 01 0 29133 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 1813 43146 SH SOLE 43146 0 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 1464 34846 SH OTHER 01 0 34846 0 NEWMARKET CORP COM COM 651587107 1656 10469 SH SOLE 10469 0 0 NEWMARKET CORP COM COM 651587107 1295 8182 SH OTHER 01 0 8182 0 NORDSON CORP COM COM 655663102 970 16856 SH SOLE 16856 0 0 NORDSON CORP COM COM 655663102 771 13398 SH OTHER 01 0 13398 0 ORIENTAL FINL GROUP INC COM COM 68618W100 225 17920 SH OTHER 01 0 17920 0 ORRSTOWN FINL SVCS INC COM COM 687380105 859 30680 SH OTHER 01 0 30680 0 PACIFIC PREMIER BANCORP COM COM 69478X105 187 27490 SH OTHER 01 0 27490 0 PALOMAR MED TECHNOLOGIES INCCO COM 697529303 708 47694 SH SOLE 47694 0 0 PALOMAR MED TECHNOLOGIES INCCO COM 697529303 555 37357 SH OTHER 01 0 37357 0 PAREXEL INTL CORP COM COM 699462107 1018 40895 SH SOLE 40895 0 0 PAREXEL INTL CORP COM COM 699462107 715 28724 SH OTHER 01 0 28724 0 PARK STERLING CORPORATION COM 70086Y105 173 35700 SH OTHER 01 0 35700 0 PHARMASSET INC COM COM 71715N106 1302 16546 SH SOLE 16546 0 0 PHARMASSET INC COM COM 71715N106 1123 14272 SH OTHER 01 0 14272 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 272 16460 SH OTHER 01 0 16460 0 PREFERRED APARTMENT COMMUNITIE COM 74039L103 700 69950 SH OTHER 01 0 69950 0 PROSPERITY BANCSHARES INC COM COM 743606105 1120 26190 SH OTHER 01 0 26190 0 QLIK TECHNOLOGIES INC COM 74733T105 1342 51611 SH SOLE 51611 0 0 QLIK TECHNOLOGIES INC COM 74733T105 1049 40331 SH OTHER 01 0 40331 0 QUALITY SYS INC COM COM 747582104 1083 13000 SH SOLE 13000 0 0 QUALITY SYS INC COM COM 747582104 832 9980 SH OTHER 01 0 9980 0 RACKSPACE HOSTING INC COM COM 750086100 2235 52150 SH SOLE 52150 0 0 RACKSPACE HOSTING INC COM COM 750086100 1922 44850 SH OTHER 01 0 44850 0 RAVEN INDS INC COM COM 754212108 1375 22385 SH SOLE 22385 0 0 RAVEN INDS INC COM COM 754212108 1080 17582 SH OTHER 01 0 17582 0 RAYMOND JAMES FINL INC COM COM 754730109 457 11960 SH OTHER 01 0 11960 0 REGENERON PHARMACEUTICALS COM COM 75886F107 823 18324 SH SOLE 18324 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/11 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 ------------------------------------------------------------------------------------------------------------------------------------ REGENERON PHARMACEUTICALS COM COM 75886F107 674 14998 SH OTHER 01 0 14998 0 RIVERBED TECHNOLOGY INC COM COM 768573107 2045 54324 SH SOLE 54324 0 0 RIVERBED TECHNOLOGY INC COM COM 768573107 1607 42672 SH OTHER 01 0 42672 0 ROBBINS & MYERS INC COM COM 770196103 928 20188 SH SOLE 20188 0 0 ROBBINS & MYERS INC COM COM 770196103 726 15794 SH OTHER 01 0 15794 0 ROVI CORP COM COM 779376102 1548 28858 SH SOLE 28858 0 0 ROVI CORP COM COM 779376102 1304 24307 SH OTHER 01 0 24307 0 RPC INC COM COM 749660106 2020 79774 SH SOLE 79774 0 0 RPC INC COM COM 749660106 1282 50642 SH OTHER 01 0 50642 0 RUDOLPH TECHNOLOGIES INC COM COM 781270103 830 75840 SH SOLE 75840 0 0 RUDOLPH TECHNOLOGIES INC COM COM 781270103 652 59585 SH OTHER 01 0 59585 0 RUSH ENTERPISES INC CL A COM 781846209 820 41389 SH SOLE 41389 0 0 RUSH ENTERPISES INC CL A COM 781846209 647 32659 SH OTHER 01 0 32659 0 SALIX PHARMACEUTICALS LTD COM COM 795435106 896 25581 SH SOLE 25581 0 0 SALIX PHARMACEUTICALS LTD COM COM 795435106 701 20011 SH OTHER 01 0 20011 0 SANDY SPRING BANCORP INC CMT-C COM 800363103 314 16983 SH OTHER 01 0 16983 0 SCBT FINANCIAL CORPOERATION COM 78401V102 424 12740 SH OTHER 01 0 12740 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 1350 26670 SH SOLE 26670 0 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 1008 19920 SH OTHER 01 0 19920 0 SHORETEL INC COM COM 825211105 1434 174199 SH SOLE 174199 0 0 SHORETEL INC COM COM 825211105 1122 136304 SH OTHER 01 0 136304 0 SHUFFLE MASTER INC COM COM 825549108 2056 192525 SH SOLE 192525 0 0 SHUFFLE MASTER INC COM COM 825549108 1101 103123 SH OTHER 01 0 103123 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 864 15316 SH SOLE 15316 0 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 2470 43794 SH OTHER 01 0 43794 0 SOURCEFIRE INC COM COM 83616T108 1114 40504 SH SOLE 40504 0 0 SOURCEFIRE INC COM COM 83616T108 885 32163 SH OTHER 01 0 32163 0 SOUTHERN NATL BANCORP OF VA CO COM 843395104 99 13866 SH OTHER 01 0 13866 0 SOUTHWEST BANCORP INC OKLA COM COM 844767103 300 21150 SH OTHER 01 0 21150 0 STIFEL FINL CORP COM COM 860630102 1083 22620 SH SOLE 22620 0 0 STIFEL FINL CORP COM COM 860630102 1972 41196 SH OTHER 01 0 41196 0 STILLWATER MNG CO COM COM 86074Q102 1316 57390 SH SOLE 57390 0 0 STILLWATER MNG CO COM COM 86074Q102 1024 44670 SH OTHER 01 0 44670 0 SUCCESSFACTORS INC COM 864596101 2359 60358 SH SOLE 60358 0 0 SUCCESSFACTORS INC COM 864596101 1812 46351 SH OTHER 01 0 46351 0 SUMMIT HOTEL PROPERTIES INC COM 866082100 688 69220 SH SOLE 69220 0 0 SUMMIT HOTEL PROPERTIES INC COM 866082100 1142 114930 SH OTHER 01 0 114930 0 SUPPORT COM INC COM COM 86858W101 939 180912 SH SOLE 180912 0 0 SUPPORT COM INC COM COM 86858W101 552 106271 SH OTHER 01 0 106271 0 SUSQUEHANNA BANCSHARES INC COM COM 869099101 356 38076 SH OTHER 01 0 38076 0 SVB FINL GROUP COM COM 78486Q101 675 11858 SH OTHER 01 0 11858 0 SYNCHRONOSS TECHNOLOGIES INCCO COM 87157B103 930 26776 SH SOLE 26776 0 0 SYNCHRONOSS TECHNOLOGIES INCCO COM 87157B103 650 18710 SH OTHER 01 0 18710 0 TALEO CORP COM 87424N104 821 23034 SH SOLE 23034 0 0 TALEO CORP COM 87424N104 802 22502 SH OTHER 01 0 22502 0 TECHE HLDG CO COM COM 878330109 757 20800 SH OTHER 01 0 20800 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 1748 67250 SH SOLE 67250 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 3021 116247 SH OTHER 01 0 116247 0 TEXAS ROADHOUSE INC CL A COM 882681109 1733 101982 SH SOLE 101982 0 0 TEXAS ROADHOUSE INC CL A COM 882681109 1461 85971 SH OTHER 01 0 85971 0 TIBCO SOFTWARE INC COM COM 88632Q103 2451 89928 SH SOLE 89928 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/11 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 ------------------------------------------------------------------------------------------------------------------------------------ TIBCO SOFTWARE INC COM COM 88632Q103 1834 67289 SH OTHER 01 0 67289 0 TOMPKINS TRUSTCO INC COM COM 890110109 354 8520 SH OTHER 01 0 8520 0 TOWER BANCORP INC COM COM 891709107 267 11976 SH OTHER 01 0 11976 0 TOWER GROUP INC COM COM 891777104 483 20110 SH OTHER 01 0 20110 0 TRIUMPH GROUP INC NEW COM COM 896818101 2048 23156 SH SOLE 23156 0 0 TRIUMPH GROUP INC NEW COM COM 896818101 1565 17688 SH OTHER 01 0 17688 0 TUTOR PERINI CORPORATION COM 901109108 1077 44196 SH SOLE 44196 0 0 TUTOR PERINI CORPORATION COM 901109108 1147 47073 SH OTHER 01 0 47073 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 1978 41090 SH SOLE 41090 0 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 1628 33821 SH OTHER 01 0 33821 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 2570 43753 SH SOLE 43753 0 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 2011 34223 SH OTHER 01 0 34223 0 ULTRA CLEAN HLDGS INC COM COM 90385V107 978 94546 SH SOLE 94546 0 0 ULTRA CLEAN HLDGS INC COM COM 90385V107 766 74068 SH OTHER 01 0 74068 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 964 17520 SH SOLE 17520 0 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 813 14774 SH OTHER 01 0 14774 0 URSTADT BIDDLE PPTYS INC CL A COM 917286205 528 27780 SH OTHER 01 0 27780 0 VALUEVISION INTL INC CL A COM 92047K107 525 82582 SH SOLE 82582 0 0 VALUEVISION INTL INC CL A COM 92047K107 430 67624 SH OTHER 01 0 67624 0 VERIFONE HLDGS INC COM COM 92342Y109 943 17170 SH SOLE 17170 0 0 VERIFONE HLDGS INC COM COM 92342Y109 742 13500 SH OTHER 01 0 13500 0 VIASAT INC COM COM 92552V100 911 22854 SH SOLE 22854 0 0 VIASAT INC COM COM 92552V100 714 17918 SH OTHER 01 0 17918 0 VIEWPOINT FINL GROUP INC MD CO COM 92672A101 476 36593 SH OTHER 01 0 36593 0 VIST FINANCIAL CORP COM COM 918255100 421 48679 SH OTHER 01 0 48679 0 VITAMIN SHOPPE INC COM COM 92849E101 1205 35628 SH SOLE 35628 0 0 VITAMIN SHOPPE INC COM COM 92849E101 947 27989 SH OTHER 01 0 27989 0 VOLCANO CORPORATION COM COM 928645100 1308 51085 SH SOLE 51085 0 0 VOLCANO CORPORATION COM COM 928645100 1028 40165 SH OTHER 01 0 40165 0 WABASH NATL CORP COM COM 929566107 1702 147010 SH SOLE 147010 0 0 WABASH NATL CORP COM COM 929566107 1267 109390 SH OTHER 01 0 109390 0 WALKER & DUNLOP INC COM 93148P102 802 66024 SH SOLE 66024 0 0 WALKER & DUNLOP INC COM 93148P102 1116 91872 SH OTHER 01 0 91872 0 WARNACO GROUP INC CL A NEW COM 934390402 1908 33357 SH SOLE 33357 0 0 WARNACO GROUP INC CL A NEW COM 934390402 1491 26067 SH OTHER 01 0 26067 0 WASHINGTON BKG CO OAK HBR WACO COM 937303105 401 28463 SH OTHER 01 0 28463 0 WASHINGTON FED INC COM COM 938824109 380 21940 SH OTHER 01 0 21940 0 WESCO INTL INC COM COM 95082P105 3225 51600 SH SOLE 51600 0 0 WESCO INTL INC COM COM 95082P105 2288 36610 SH OTHER 01 0 36610 0 WESTERN ALLIANCE BANCORP COM 957638109 789 96007 SH OTHER 01 0 96007 0 WET SEAL INC CL A COM 961840105 804 187962 SH SOLE 187962 0 0 WET SEAL INC CL A COM 961840105 632 147727 SH OTHER 01 0 147727 0 WHITESTONE REIT CL B SBI COM 966084204 253 17650 SH OTHER 01 0 17650 0 WHITING PETE CORP NEW COM COM 966387102 2478 33733 SH SOLE 33733 0 0 WHITING PETE CORP NEW COM COM 966387102 1944 26463 SH OTHER 01 0 26463 0 WINTRUST FINL CORP COM COM 97650W108 1208 32860 SH OTHER 01 0 32860 0 LINE COUNT: 301