-----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, TRmL9Ev+ltixcebtzD/8kLjuiyrk45k0u69QVbgzU3fR6b6QK2rY2nvCbmUehPCe Emgz82Dcx8thUNheung3Zw== 0001144204-09-002935.txt : 20090122 0001144204-09-002935.hdr.sgml : 20090122 20090122142654 ACCESSION NUMBER: 0001144204-09-002935 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090122 DATE AS OF CHANGE: 20090122 EFFECTIVENESS DATE: 20090122 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: 09538941 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 v137608_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: December 31, 2008 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: /s/ Kenneth G. Mertz II Lancaster, Pennsylvania January 21, 2009 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: 287 FORM 13F INFORMATION TABLE VALUE TOTAL: $333,046 (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 ADVISERS TRUST PAGE 1 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 99 CENTS ONLY STORES COM COM 65440K106 1908 174594 SH SOLE 174594 0 0 99 CENTS ONLY STORES COM COM 65440K106 1130 103367 SH OTHER 01 0 103367 0 ADVENT SOFTWARE INC COM COM 007974108 568 28462 SH SOLE 28462 0 0 ADVENT SOFTWARE INC COM COM 007974108 776 38871 SH OTHER 01 0 38871 0 AEROPOSTALE INC COM 007865108 602 37400 SH SOLE 37400 0 0 AEROPOSTALE INC COM 007865108 381 23690 SH OTHER 01 0 23690 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 365 8700 SH OTHER 01 0 8700 0 AIRGAS INC COM COM 009363102 2880 73853 SH SOLE 73853 0 0 AIRGAS INC COM COM 009363102 1776 45543 SH OTHER 01 0 45543 0 AIRTRAN HLDGS INC COM COM 00949P108 792 178342 SH SOLE 178342 0 0 AIRTRAN HLDGS INC COM COM 00949P108 480 108068 SH OTHER 01 0 108068 0 ALEXION PHARMACEUTICALS INC CO COM 015351109 1734 47924 SH SOLE 47924 0 0 ALEXION PHARMACEUTICALS INC CO COM 015351109 1054 29122 SH OTHER 01 0 29122 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 1893 38983 SH SOLE 38983 0 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 1165 23981 SH OTHER 01 0 23981 0 ALLSCRIPTS HEALTHCARE SOLUTICO COM 01988P108 373 37620 SH SOLE 37620 0 0 ALLSCRIPTS HEALTHCARE SOLUTICO COM 01988P108 227 22915 SH OTHER 01 0 22915 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 967 47200 SH OTHER 01 0 47200 0 AMERICAN ECOLOGY CORP COM NEW COM 025533407 927 45826 SH SOLE 45826 0 0 AMERICAN ECOLOGY CORP COM NEW COM 025533407 567 28050 SH OTHER 01 0 28050 0 AMTRUST FINANCIAL SERVICES ICO COM 032359309 239 20600 SH OTHER 01 0 20600 0 ANSYS INC COM COM 03662Q105 2986 107050 SH SOLE 107050 0 0 ANSYS INC COM COM 03662Q105 1844 66120 SH OTHER 01 0 66120 0 ARENA RESOURCES INC COM COM 040049108 1707 60778 SH SOLE 60778 0 0 ARENA RESOURCES INC COM COM 040049108 1050 37394 SH OTHER 01 0 37394 0 ARROW FINL CORP COM COM 042744102 953 37920 SH OTHER 01 0 37920 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 820 57336 SH SOLE 57336 0 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 411 28710 SH OTHER 01 0 28710 0 ATLAS ENERGY RESOURCES LLC COM COM 049303100 436 34146 SH SOLE 34146 0 0 ATLAS ENERGY RESOURCES LLC COM COM 049303100 272 21298 SH OTHER 01 0 21298 0 AXSYS TECHNOLOGIES INC COM COM 054615109 1853 33768 SH SOLE 33768 0 0 AXSYS TECHNOLOGIES INC COM COM 054615109 1082 19714 SH OTHER 01 0 19714 0 BADGER METER INC COM COM 056525108 558 19244 SH SOLE 19244 0 0 BADGER METER INC COM COM 056525108 276 9512 SH OTHER 01 0 9512 0 BANCORPSOUTH INC COM COM 059692103 238 10200 SH OTHER 01 0 10200 0 BANK OF MARIN BANCORP COM COM 063425102 1091 45466 SH OTHER 01 0 45466 0 BANK OF THE OZARKS INC COM COM 063904106 2176 73419 SH OTHER 01 0 73419 0 BANKRATE INC COM COM 06646V108 277 7300 SH SOLE 7300 0 0 BANKRATE INC COM COM 06646V108 167 4390 SH OTHER 01 0 4390 0 BERKSHIRE HILLS BANCORP INC CO COM 084680107 1639 53100 SH OTHER 01 0 53100 0 BIO RAD LABS INC CL A COM 090572207 865 11490 SH SOLE 11490 0 0 BIO RAD LABS INC CL A COM 090572207 525 6974 SH OTHER 01 0 6974 0 BIOMARIN PHARMACEUTICAL INC CO COM 09061G101 1766 99222 SH SOLE 99222 0 0 BIOMARIN PHARMACEUTICAL INC CO COM 09061G101 1091 61311 SH OTHER 01 0 61311 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 1029 111617 SH SOLE 111617 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 622 67409 SH OTHER 01 0 67409 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 2426 92490 SH SOLE 92490 0 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1411 53803 SH OTHER 01 0 53803 0 BJ'S RESTAURANT INC COM 09180C106 1413 131152 SH SOLE 131152 0 0 BJ'S RESTAURANT INC COM 09180C106 824 76494 SH OTHER 01 0 76494 0 BLACKBOARD INC COM COM 091935502 2740 104471 SH SOLE 104471 0 0
EMERALD MUTUAL ADVISERS TRUST PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BLACKBOARD INC COM COM 091935502 1698 64749 SH OTHER 01 0 64749 0 BROCADE COMMUNICATIONS SYS ICO COM 111621306 399 140820 SH SOLE 140820 0 0 BROCADE COMMUNICATIONS SYS ICO COM 111621306 242 85417 SH OTHER 01 0 85417 0 CALGON CARBON CORP COM COM 129603106 1351 87970 SH SOLE 87970 0 0 CALGON CARBON CORP COM COM 129603106 820 53365 SH OTHER 01 0 53365 0 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 637 59453 SH SOLE 59453 0 0 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 380 35479 SH OTHER 01 0 35479 0 CAMDEN NATL CORP COM COM 133034108 309 11457 SH OTHER 01 0 11457 0 CAPELLA EDUCATION CO COM 139594105 2503 42600 SH SOLE 42600 0 0 CAPELLA EDUCATION CO COM 139594105 1518 25830 SH OTHER 01 0 25830 0 CASCADE FINL CORP COM COM 147272108 482 88691 SH OTHER 01 0 88691 0 CASS INFORMATION SYS INC COM COM 14808P109 1904 62522 SH OTHER 01 0 62522 0 CAVIUM NETWORKS INC COM COM 14965A101 1457 138606 SH SOLE 138606 0 0 CAVIUM NETWORKS INC COM COM 14965A101 839 79863 SH OTHER 01 0 79863 0 CELERA CORP COM COM 15100E106 1154 103692 SH SOLE 103692 0 0 CELERA CORP COM COM 15100E106 710 63821 SH OTHER 01 0 63821 0 CEPHEID COM COM 15670R107 627 60418 SH SOLE 60418 0 0 CEPHEID COM COM 15670R107 381 36694 SH OTHER 01 0 36694 0 CHIQUITA BRANDS INTL INC COM COM 170032809 3208 217056 SH SOLE 217056 0 0 CHIQUITA BRANDS INTL INC COM COM 170032809 1923 130134 SH OTHER 01 0 130134 0 CODORUS VALLEY BANCORP COM COM 192025104 678 84767 SH OTHER 01 0 84767 0 COMMUNITY BANKERS TR CORP COM COM 203612106 130 43329 SH OTHER 01 0 43329 0 COMMUNITY BK SYS INC COM COM 203607106 1224 50200 SH OTHER 01 0 50200 0 COMPASS MINERALS INTL INC COM COM 20451N101 2200 37507 SH SOLE 37507 0 0 COMPASS MINERALS INTL INC COM COM 20451N101 1181 20126 SH OTHER 01 0 20126 0 COMSTOCK RES INC COM COM 205768203 1022 21630 SH SOLE 21630 0 0 COMSTOCK RES INC COM COM 205768203 629 13310 SH OTHER 01 0 13310 0 CULLEN FROST BANKERS INC COM COM 229899109 1743 34400 SH OTHER 01 0 34400 0 DANVERS BANCORP INC COM COM 236442109 384 28700 SH OTHER 01 0 28700 0 DATA DOMAIN INC COM COM 23767P109 776 41269 SH SOLE 41269 0 0 DATA DOMAIN INC COM COM 23767P109 476 25329 SH OTHER 01 0 25329 0 DECKERS OUTDOOR CORP COM COM 243537107 447 5600 SH SOLE 5600 0 0 DECKERS OUTDOOR CORP COM COM 243537107 201 2520 SH OTHER 01 0 2520 0 DIAMOND FOODS INC COM 252603105 1900 94293 SH SOLE 94293 0 0 DIAMOND FOODS INC COM 252603105 1088 54002 SH OTHER 01 0 54002 0 DIME CMNTY BANCORP INC COM COM 253922108 568 42700 SH OTHER 01 0 42700 0 EAST WEST BANCORP INC COM COM 27579R104 196 12300 SH OTHER 01 0 12300 0 EBIX INC COM NEW COM 278715206 1866 78079 SH SOLE 78079 0 0 EBIX INC COM NEW COM 278715206 1088 45538 SH OTHER 01 0 45538 0 ECLIPSYS CORP COM COM 278856109 1606 113195 SH SOLE 113195 0 0 ECLIPSYS CORP COM COM 278856109 963 67877 SH OTHER 01 0 67877 0 ENERGY CONVRSN DEVICES INC COM COM 292659109 202 8010 SH SOLE 8010 0 0 ENERGY CONVRSN DEVICES INC COM COM 292659109 191 7560 SH OTHER 01 0 7560 0 ENTERPRISE FINL SVCS CORP COM COM 293712105 936 61446 SH OTHER 01 0 61446 0 ENVIRONMENTAL TECTONICS CORPCO COM 294092101 90 109917 SH OTHER 01 0 109917 0 ERIE INDTY CO CL A COM 29530P102 884 23483 SH OTHER 01 0 23483 0 EXCO RESOURCES INC COM COM 269279402 658 72634 SH SOLE 72634 0 0 EXCO RESOURCES INC COM COM 269279402 343 37820 SH OTHER 01 0 37820 0 FEI CO COM COM 30241L109 706 37420 SH SOLE 37420 0 0 FEI CO COM COM 30241L109 342 18123 SH OTHER 01 0 18123 0 FIRST COMWLTH FINL CORP PA COM COM 319829107 947 76500 SH OTHER 01 0 76500 0
EMERALD MUTUAL ADVISERS TRUST PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08
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 FINL BANCSHARES INC COM COM 32020R109 1347 24400 SH OTHER 01 0 24400 0 FIRST LONG IS CORP COM COM 320734106 333 14000 SH OTHER 01 0 14000 0 FIRST NIAGARA FINL GP INC COM COM 33582V108 689 42600 SH OTHER 01 0 42600 0 FIRST SECURITY GROUP INC COM 336312103 890 192638 SH OTHER 01 0 192638 0 FLIR SYS INC COM COM 302445101 2946 96035 SH SOLE 96035 0 0 FLIR SYS INC COM COM 302445101 1808 58922 SH OTHER 01 0 58922 0 FTI CONSULTING INC COM COM 302941109 494 11053 SH SOLE 11053 0 0 FTI CONSULTING INC COM COM 302941109 306 6847 SH OTHER 01 0 6847 0 GENCO SHIPPING & TRADING LTDSH COM Y2685T107 383 25888 SH SOLE 25888 0 0 GENCO SHIPPING & TRADING LTDSH COM Y2685T107 266 17980 SH OTHER 01 0 17980 0 GLACIER BANCORP INC NEW COM COM 37637Q105 867 45600 SH OTHER 01 0 45600 0 GREIF BROS CORP COM 397624107 716 21404 SH SOLE 21404 0 0 GREIF BROS CORP COM 397624107 440 13162 SH OTHER 01 0 13162 0 GSI COMM INC COM COM 36238G102 2651 252012 SH SOLE 252012 0 0 GSI COMM INC COM COM 36238G102 1535 145946 SH OTHER 01 0 145946 0 HAEMONETICS CORP COM COM 405024100 2344 41490 SH SOLE 41490 0 0 HAEMONETICS CORP COM COM 405024100 1390 24610 SH OTHER 01 0 24610 0 HANOVER INS GROUP INC COM COM 410867105 1289 30000 SH OTHER 01 0 30000 0 HARLEYSVILLE GROUP INC COM COM 412824104 719 20700 SH OTHER 01 0 20700 0 HARLEYSVILLE NATL CORP PA COM COM 412850109 1255 86945 SH OTHER 01 0 86945 0 HARMONIC INC COM COM 413160102 1312 233880 SH SOLE 233880 0 0 HARMONIC INC COM COM 413160102 759 135355 SH OTHER 01 0 135355 0 HCC INS HLDGS INC COM COM 404132102 2111 78906 SH SOLE 78906 0 0 HCC INS HLDGS INC COM COM 404132102 3451 128997 SH OTHER 01 0 128997 0 HEARTLAND FINL USA INC COM COM 42234Q102 531 25778 SH OTHER 01 0 25778 0 HF FINL CORP COM COM 404172108 628 48961 SH OTHER 01 0 48961 0 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 614 37600 SH SOLE 37600 0 0 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 368 22497 SH OTHER 01 0 22497 0 HUB GROUP INC CL A COM 443320106 1471 55428 SH SOLE 55428 0 0 HUB GROUP INC CL A COM 443320106 934 35194 SH OTHER 01 0 35194 0 IBERIABANK CORP COM COM 450828108 1409 29362 SH SOLE 29362 0 0 IBERIABANK CORP COM COM 450828108 2320 48331 SH OTHER 01 0 48331 0 ICONIX BRAND GROUP INC COM COM 451055107 2158 220656 SH SOLE 220656 0 0 ICONIX BRAND GROUP INC COM COM 451055107 1293 132236 SH OTHER 01 0 132236 0 II-VI INC COM COM 902104108 1674 87673 SH SOLE 87673 0 0 II-VI INC COM COM 902104108 1016 53218 SH OTHER 01 0 53218 0 ILLUMINA INC COM COM 452327109 1401 53782 SH SOLE 53782 0 0 ILLUMINA INC COM COM 452327109 860 33010 SH OTHER 01 0 33010 0 IMMUCOR INC COM COM 452526106 2725 102522 SH SOLE 102522 0 0 IMMUCOR INC COM COM 452526106 1587 59716 SH OTHER 01 0 59716 0 INDEPENDENT BK CORP MASS COM COM 453836108 1148 43900 SH OTHER 01 0 43900 0 INTERNATIONAL BANCSHARES CORCO COM 459044103 1377 63100 SH OTHER 01 0 63100 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 822 150801 SH SOLE 150801 0 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 569 104331 SH OTHER 01 0 104331 0 ITRON INC COM COM 465741106 1266 19860 SH SOLE 19860 0 0 ITRON INC COM COM 465741106 768 12055 SH OTHER 01 0 12055 0 IXIA COM COM 45071R109 1211 209571 SH SOLE 209571 0 0 IXIA COM COM 45071R109 737 127439 SH OTHER 01 0 127439 0 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 827 41290 SH SOLE 41290 0 0 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 519 25900 SH OTHER 01 0 25900 0 KBW INC COM 482423100 918 39900 SH OTHER 01 0 39900 0
EMERALD MUTUAL ADVISERS TRUST PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- KENDLE INTERNATIONAL INC COM COM 48880L107 2013 78258 SH SOLE 78258 0 0 KENDLE INTERNATIONAL INC COM COM 48880L107 1193 46386 SH OTHER 01 0 46386 0 KENNAMETAL INC COM COM 489170100 1645 74120 SH SOLE 74120 0 0 KENNAMETAL INC COM COM 489170100 1012 45610 SH OTHER 01 0 45610 0 KOPPERS HOLDINGS INC COM 50060P106 743 34382 SH SOLE 34382 0 0 KOPPERS HOLDINGS INC COM 50060P106 459 21221 SH OTHER 01 0 21221 0 LAKELAND FINL CORP COM COM 511656100 813 34138 SH OTHER 01 0 34138 0 LUMINEX CORP DEL COM COM 55027E102 837 39166 SH SOLE 39166 0 0 LUMINEX CORP DEL COM COM 55027E102 508 23769 SH OTHER 01 0 23769 0 MARINER ENERGY INC COM COM 56845T305 1377 135025 SH SOLE 135025 0 0 MARINER ENERGY INC COM COM 56845T305 847 83066 SH OTHER 01 0 83066 0 MARTEK BIOSCIENCES CORP COM COM 572901106 2099 69260 SH SOLE 69260 0 0 MARTEK BIOSCIENCES CORP COM COM 572901106 1286 42430 SH OTHER 01 0 42430 0 MARVEL ENTERTAINMENT INC COM 57383T103 3926 127670 SH SOLE 127670 0 0 MARVEL ENTERTAINMENT INC COM 57383T103 2458 79920 SH OTHER 01 0 79920 0 MASIMO CORPORATION COM 574795100 2340 78446 SH SOLE 78446 0 0 MASIMO CORPORATION COM 574795100 1370 45928 SH OTHER 01 0 45928 0 MEADOWBROOK INS GROUP INC COM COM 58319P108 1311 203552 SH OTHER 01 0 203552 0 MEDAREX INC COM COM 583916101 867 155414 SH SOLE 155414 0 0 MEDAREX INC COM COM 583916101 396 70967 SH OTHER 01 0 70967 0 MERCER INS GROUP INC COM COM 587902107 938 74230 SH OTHER 01 0 74230 0 MET PRO CORP COM COM 590876306 436 32716 SH OTHER 01 0 32716 0 METROCORP BANCSHARES INC COM COM 591650106 1027 137813 SH OTHER 01 0 137813 0 MICROS SYS INC COM COM 594901100 1407 86232 SH SOLE 86232 0 0 MICROS SYS INC COM COM 594901100 855 52420 SH OTHER 01 0 52420 0 MICROSEMI CORP COM COM 595137100 1246 98579 SH SOLE 98579 0 0 MICROSEMI CORP COM COM 595137100 767 60669 SH OTHER 01 0 60669 0 MIDWESTONE FINANCIAL GROUP INC COM 598511103 265 26800 SH OTHER 01 0 26800 0 MONOLITHIC PWR SYS INC COM COM 609839105 819 64974 SH SOLE 64974 0 0 MONOLITHIC PWR SYS INC COM COM 609839105 537 42612 SH OTHER 01 0 42612 0 MYR GROUP INC DEL COM COM 55405W104 319 31948 SH SOLE 31948 0 0 MYR GROUP INC DEL COM COM 55405W104 174 17439 SH OTHER 01 0 17439 0 MYRIAD GENETICS INC COM COM 62855J104 1872 28257 SH SOLE 28257 0 0 MYRIAD GENETICS INC COM COM 62855J104 1130 17060 SH OTHER 01 0 17060 0 N B T BANCORP INC COM COM 628778102 347 12400 SH OTHER 01 0 12400 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 1101 64030 SH SOLE 64030 0 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 1117 65000 SH OTHER 01 0 65000 0 NAVIGATORS GROUP INC COM COM 638904102 2215 40339 SH SOLE 40339 0 0 NAVIGATORS GROUP INC COM COM 638904102 3502 63768 SH OTHER 01 0 63768 0 NEUTRAL TANDEM, INC COM 64128B108 3169 195381 SH SOLE 195381 0 0 NEUTRAL TANDEM, INC COM 64128B108 2036 125545 SH OTHER 01 0 125545 0 NUANCE COMMUNICATIONS INC COM 67020Y100 1289 124440 SH SOLE 124440 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 864 83390 SH OTHER 01 0 83390 0 NUVASIVE INC COM COM 670704105 76 2202 SH SOLE 2202 0 0 NUVASIVE INC COM COM 670704105 267 7702 SH OTHER 01 0 7702 0 OLD DOMINION FGHT LINES INC CO COM 679580100 763 26823 SH SOLE 26823 0 0 OLD DOMINION FGHT LINES INC CO COM 679580100 462 16243 SH OTHER 01 0 16243 0 ONYX PHARMACEUTICALS INC COM COM 683399109 897 26258 SH SOLE 26258 0 0 ONYX PHARMACEUTICALS INC COM COM 683399109 554 16209 SH OTHER 01 0 16209 0 OSI PHARMACEUTICALS INC COM COM 671040103 1150 29444 SH SOLE 29444 0 0 OSI PHARMACEUTICALS INC COM COM 671040103 704 18037 SH OTHER 01 0 18037 0
EMERALD MUTUAL ADVISERS TRUST PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- PENN VIRGINIA CORP COM 707882106 1188 45746 SH SOLE 45746 0 0 PENN VIRGINIA CORP COM 707882106 695 26733 SH OTHER 01 0 26733 0 PERRIGO CO COM COM 714290103 2632 81446 SH SOLE 81446 0 0 PERRIGO CO COM COM 714290103 1626 50323 SH OTHER 01 0 50323 0 PHASE FORWARD INC COM COM 71721R406 1974 157692 SH SOLE 157692 0 0 PHASE FORWARD INC COM COM 71721R406 1219 97359 SH OTHER 01 0 97359 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 2334 78300 SH OTHER 01 0 78300 0 PRINCETON NATL BANCORP INC COM COM 742282106 1012 45710 SH OTHER 01 0 45710 0 PRIVATEBANCORP INC COM COM 742962103 1927 59356 SH SOLE 59356 0 0 PRIVATEBANCORP INC COM COM 742962103 3820 117678 SH OTHER 01 0 117678 0 PROSPERITY BANCSHARES INC COM COM 743606105 848 28644 SH SOLE 28644 0 0 PROSPERITY BANCSHARES INC COM COM 743606105 1718 58062 SH OTHER 01 0 58062 0 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 2146 77050 SH SOLE 77050 0 0 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 1302 46751 SH OTHER 01 0 46751 0 QUALITY SYS INC COM COM 747582104 1068 24490 SH SOLE 24490 0 0 QUALITY SYS INC COM COM 747582104 622 14270 SH OTHER 01 0 14270 0 RAYMOND JAMES FINL INC COM COM 754730109 528 30800 SH OTHER 01 0 30800 0 RESMED INC COM COM 761152107 1880 50166 SH SOLE 50166 0 0 RESMED INC COM COM 761152107 1143 30493 SH OTHER 01 0 30493 0 ROCK-TENN CO CL A COM 772739207 755 22092 SH SOLE 22092 0 0 ROCK-TENN CO CL A COM 772739207 471 13766 SH OTHER 01 0 13766 0 S & T BANCORP INC COM COM 783859101 369 10400 SH OTHER 01 0 10400 0 SBA COMMUNICATIONS CORP CL A COM 78388J106 3109 190508 SH SOLE 190508 0 0 SBA COMMUNICATIONS CORP CL A COM 78388J106 1859 113929 SH OTHER 01 0 113929 0 SEQUENOM INC COM NEW COM 817337405 2662 134178 SH SOLE 134178 0 0 SEQUENOM INC COM NEW COM 817337405 1436 72377 SH OTHER 01 0 72377 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 1275 44445 SH OTHER 01 0 44445 0 SMITHTOWN BANCORP INC COM COM 832449102 2008 125252 SH OTHER 01 0 125252 0 SOUTHSIDE BANCSHARES INC COM COM 84470P109 432 18400 SH OTHER 01 0 18400 0 SOUTHWEST BANCORP INC OKLA COM COM 844767103 864 66700 SH OTHER 01 0 66700 0 STIFEL FINL CORP COM COM 860630102 2010 43834 SH OTHER 01 0 43834 0 SUCCESSFACTORS INC COM 864596101 272 47416 SH SOLE 47416 0 0 SUCCESSFACTORS INC COM 864596101 165 28794 SH OTHER 01 0 28794 0 SVB FINL GROUP COM COM 78486Q101 1095 41737 SH SOLE 41737 0 0 SVB FINL GROUP COM COM 78486Q101 2023 77130 SH OTHER 01 0 77130 0 TAMALPAIS BANCORP COM 87485H103 1034 122088 SH OTHER 01 0 122088 0 TETRA TECH INC NEW COM COM 88162G103 698 28888 SH SOLE 28888 0 0 TETRA TECH INC NEW COM COM 88162G103 419 17334 SH OTHER 01 0 17334 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 1540 115255 SH SOLE 115255 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 3590 268683 SH OTHER 01 0 268683 0 TEXAS INDS INC COM COM 882491103 661 19150 SH SOLE 19150 0 0 TEXAS INDS INC COM COM 882491103 396 11490 SH OTHER 01 0 11490 0 THERMADYNE HLDGS CORP NEW COM COM 883435307 387 56348 SH SOLE 56348 0 0 THERMADYNE HLDGS CORP NEW COM COM 883435307 265 38604 SH OTHER 01 0 38604 0 THESTREET COM INC COM COM 88368Q103 457 157744 SH SOLE 157744 0 0 THESTREET COM INC COM COM 88368Q103 621 214150 SH OTHER 01 0 214150 0 THORATEC LABS CORP COM NEW COM 885175307 4877 150118 SH SOLE 150118 0 0 THORATEC LABS CORP COM NEW COM 885175307 2819 86759 SH OTHER 01 0 86759 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 916 110662 SH SOLE 110662 0 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 556 67206 SH OTHER 01 0 67206 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 1545 105788 SH SOLE 105788 0 0
EMERALD MUTUAL ADVISERS TRUST PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 899 61590 SH OTHER 01 0 61590 0 UNDER ARMOUR INC CL A COM 904311107 856 35920 SH SOLE 35920 0 0 UNDER ARMOUR INC CL A COM 904311107 527 22100 SH OTHER 01 0 22100 0 UNITED AMERICA INDEMNITY LTD C COM 90933T109 366 28585 SH OTHER 01 0 28585 0 UNITED THERAPEUTICS CORP DELCO COM 91307C102 967 15464 SH SOLE 15464 0 0 UNITED THERAPEUTICS CORP DELCO COM 91307C102 587 9377 SH OTHER 01 0 9377 0 URSTADT BIDDLE PPTYS INC CL A COM 917286205 1274 80000 SH OTHER 01 0 80000 0 VALLEY NATL BANCORP COM COM 919794107 286 14140 SH OTHER 01 0 14140 0 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 638 35188 SH SOLE 35188 0 0 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 364 20093 SH OTHER 01 0 20093 0 VIASAT INC COM COM 92552V100 2711 112602 SH SOLE 112602 0 0 VIASAT INC COM COM 92552V100 1660 68947 SH OTHER 01 0 68947 0 VISTAPRINT LIMITED SHS COM G93762204 353 18979 SH SOLE 18979 0 0 VISTAPRINT LIMITED SHS COM G93762204 226 12149 SH OTHER 01 0 12149 0 VOLCANO CORPORATION COM COM 928645100 2052 136789 SH SOLE 136789 0 0 VOLCANO CORPORATION COM COM 928645100 1229 81965 SH OTHER 01 0 81965 0 WABTEC CORPORATION COM 929740108 3192 80310 SH SOLE 80310 0 0 WABTEC CORPORATION COM 929740108 1893 47615 SH OTHER 01 0 47615 0 WASHINGTON TR BANCORP INC COM COM 940610108 1102 55800 SH OTHER 01 0 55800 0 WASTE CONNECTIONS INC COM COM 941053100 2390 75718 SH SOLE 75718 0 0 WASTE CONNECTIONS INC COM COM 941053100 1452 46008 SH OTHER 01 0 46008 0 WEBSTER FINL CORP WATERBURY CO COM 947890109 619 44900 SH OTHER 01 0 44900 0 WESTERN ALLIANCE BANCORP COM 957638109 446 44200 SH OTHER 01 0 44200 0 WESTFIELD FINL INC COM COM 96008P104 1186 114900 SH OTHER 01 0 114900 0 WET SEAL INC CL A COM 961840105 1637 551095 SH SOLE 551095 0 0 WET SEAL INC CL A COM 961840105 1007 339056 SH OTHER 01 0 339056 0 WHITING PETE CORP NEW COM COM 966387102 2163 64646 SH SOLE 64646 0 0 WHITING PETE CORP NEW COM COM 966387102 1315 39300 SH OTHER 01 0 39300 0 WILSHIRE BANCORP INC COM 97186T108 440 48420 SH SOLE 48420 0 0 WILSHIRE BANCORP INC COM 97186T108 1113 122526 SH OTHER 01 0 122526 0 WSFS FINL CORP COM COM 929328102 711 14819 SH OTHER 01 0 14819 0 YADKIN VALLEY FINANCIAL CORPOR COM 984314104 1301 91300 SH OTHER 01 0 91300 0 LINE COUNT: 287
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