-----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, TTR9ogL4GoQKLSCc6iNpiiccHYkkqtwJ+YCIyFgYOEIZUUyJ38WKHp+akK+CXxUA VQA5Qlsg82+FU0xglTQbeQ== 0001144204-10-004725.txt : 20100201 0001144204-10-004725.hdr.sgml : 20100201 20100201160932 ACCESSION NUMBER: 0001144204-10-004725 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091231 FILED AS OF DATE: 20100201 DATE AS OF CHANGE: 20100201 EFFECTIVENESS DATE: 20100201 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: 10563588 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 v172844_13fhr.txt 13F-HR 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, 2009 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 29, 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: 312 FORM 13F INFORMATION TABLE VALUE TOTAL: $371,493 (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: 12/31/09
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 1717 131364 SH SOLE 131364 0 0 99 CENTS ONLY STORES COM COM 65440K106 659 50447 SH OTHER 01 0 50447 0 ABOVENET INC COM COM 00374N107 2482 38158 SH SOLE 38158 0 0 ABOVENET INC COM COM 00374N107 1144 17584 SH OTHER 01 0 17584 0 ADVANCED ENERGY INDS INC COM COM 007973100 734 48642 SH SOLE 48642 0 0 ADVANCED ENERGY INDS INC COM COM 007973100 214 14196 SH OTHER 01 0 14196 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 539 8000 SH OTHER 01 0 8000 0 AIRGAS INC COM COM 009363102 874 18370 SH SOLE 18370 0 0 AIRGAS INC COM COM 009363102 384 8057 SH OTHER 01 0 8057 0 AIRTRAN HLDGS INC COM COM 00949P108 1981 379492 SH SOLE 379492 0 0 AIRTRAN HLDGS INC COM COM 00949P108 845 161873 SH OTHER 01 0 161873 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 1085 23010 SH SOLE 23010 0 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 477 10105 SH OTHER 01 0 10105 0 ALLIED NEVADA GOLD CORP COM COM 019344100 1563 103648 SH SOLE 103648 0 0 ALLIED NEVADA GOLD CORP COM COM 019344100 679 45029 SH OTHER 01 0 45029 0 AMAG PHARMACEUTICALS INC COM COM 00163U106 1007 26470 SH SOLE 26470 0 0 AMAG PHARMACEUTICALS INC COM COM 00163U106 378 9930 SH OTHER 01 0 9930 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 596 21200 SH OTHER 01 0 21200 0 AMERICAN MED SYS HLDGS INC COM COM 02744M108 1688 87520 SH SOLE 87520 0 0 AMERICAN MED SYS HLDGS INC COM COM 02744M108 753 39010 SH OTHER 01 0 39010 0 AMERICAN SUPERCONDUCTOR CORPCO COM 030111108 1735 42420 SH SOLE 42420 0 0 AMERICAN SUPERCONDUCTOR CORPCO COM 030111108 754 18430 SH OTHER 01 0 18430 0 ANSYS INC COM COM 03662Q105 3363 77382 SH SOLE 77382 0 0 ANSYS INC COM COM 03662Q105 1463 33671 SH OTHER 01 0 33671 0 ARROW FINL CORP COM COM 042744102 666 26641 SH OTHER 01 0 26641 0 ATHENAHEALTH INC COM COM 04685W103 2634 58214 SH SOLE 58214 0 0 ATHENAHEALTH INC COM COM 04685W103 1144 25287 SH OTHER 01 0 25287 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 1998 58344 SH SOLE 58344 0 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 864 25234 SH OTHER 01 0 25234 0 BANCORP INC DEL COM COM 05969A105 770 112200 SH OTHER 01 0 112200 0 BANCORPSOUTH INC COM COM 059692103 514 21900 SH OTHER 01 0 21900 0 BANK OF MARIN BANCORP COM COM 063425102 989 30366 SH OTHER 01 0 30366 0 BANK OF THE OZARKS INC COM COM 063904106 1150 39304 SH OTHER 01 0 39304 0 BERKSHIRE HILLS BANCORP INC CO COM 084680107 332 16037 SH OTHER 01 0 16037 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 2048 171691 SH SOLE 171691 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 865 72487 SH OTHER 01 0 72487 0 BIOSCRIPT INC COM COM 09069N108 1750 209368 SH SOLE 209368 0 0 BIOSCRIPT INC COM COM 09069N108 715 85534 SH OTHER 01 0 85534 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 3756 96020 SH SOLE 96020 0 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1607 41083 SH OTHER 01 0 41083 0 BJ'S RESTAURANT INC COM 09180C106 1380 73312 SH SOLE 73312 0 0 BJ'S RESTAURANT INC COM 09180C106 630 33449 SH OTHER 01 0 33449 0 BLACKBOARD INC COM COM 091935502 1536 33847 SH SOLE 33847 0 0 BLACKBOARD INC COM COM 091935502 670 14762 SH OTHER 01 0 14762 0 BLUEGREEN CORP COM COM 096231105 427 176535 SH SOLE 176535 0 0 BLUEGREEN CORP COM COM 096231105 192 79416 SH OTHER 01 0 79416 0 BRIGHAM EXPL CO COM COM 109178103 2396 176806 SH SOLE 176806 0 0 BRIGHAM EXPL CO COM COM 109178103 1034 76286 SH OTHER 01 0 76286 0 BROADPOINT GLEACHER SECURITIES COM 11134A103 782 175228 SH SOLE 175228 0 0 BROADPOINT GLEACHER SECURITIES COM 11134A103 709 159074 SH OTHER 01 0 159074 0 CAMDEN NATL CORP COM COM 133034108 300 9186 SH OTHER 01 0 9186 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/09
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 1218 16180 SH SOLE 16180 0 0 CAPELLA EDUCATION CO COM 139594105 532 7070 SH OTHER 01 0 7070 0 CARDINAL FINL CORP COM COM 14149F109 399 45700 SH OTHER 01 0 45700 0 CASS INFORMATION SYS INC COM COM 14808P109 1147 37743 SH OTHER 01 0 37743 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 3859 105822 SH SOLE 105822 0 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 1575 43191 SH OTHER 01 0 43191 0 CAVIUM NETWORKS INC COM COM 14965A101 3420 143496 SH SOLE 143496 0 0 CAVIUM NETWORKS INC COM COM 14965A101 1482 62203 SH OTHER 01 0 62203 0 CELL THERAPEUTICS INC COM NO P COM 150934503 217 189936 SH SOLE 189936 0 0 CELL THERAPEUTICS INC COM NO P COM 150934503 94 82243 SH OTHER 01 0 82243 0 CENTERSTATE BANKS INC COM COM 15201P109 737 73000 SH OTHER 01 0 73000 0 CEPHEID COM COM 15670R107 589 47194 SH SOLE 47194 0 0 CEPHEID COM COM 15670R107 249 19937 SH OTHER 01 0 19937 0 CHICOS FAS INC COM COM 168615102 2631 187242 SH SOLE 187242 0 0 CHICOS FAS INC COM COM 168615102 1141 81226 SH OTHER 01 0 81226 0 CHIPOTLE MEXICAN GRILL-CL A COM 169656105 972 11022 SH SOLE 11022 0 0 CHIPOTLE MEXICAN GRILL-CL A COM 169656105 438 4970 SH OTHER 01 0 4970 0 CHIQUITA BRANDS INTL INC COM COM 170032809 4592 254552 SH SOLE 254552 0 0 CHIQUITA BRANDS INTL INC COM COM 170032809 1997 110716 SH OTHER 01 0 110716 0 CITI TRENDS INC COM COM 17306X102 1149 41609 SH SOLE 41609 0 0 CITI TRENDS INC COM COM 17306X102 496 17971 SH OTHER 01 0 17971 0 COBIZ INC COM COM 190897108 109 22887 SH OTHER 01 0 22887 0 COLUMBIA BKG SYS INC COM COM 197236102 303 18700 SH OTHER 01 0 18700 0 COMMUNITY BANKERS TR CORP COM COM 203612106 321 98529 SH OTHER 01 0 98529 0 COMMUNITY BK SYS INC COM COM 203607106 574 29700 SH OTHER 01 0 29700 0 COMPELLENT TECHNOLOGIES INC CO COM 20452A108 2311 101874 SH SOLE 101874 0 0 COMPELLENT TECHNOLOGIES INC CO COM 20452A108 998 44002 SH OTHER 01 0 44002 0 COOPER TIRE & RUBR CO COM COM 216831107 960 47896 SH SOLE 47896 0 0 COOPER TIRE & RUBR CO COM COM 216831107 414 20658 SH OTHER 01 0 20658 0 CVB FINL CORP COM COM 126600105 238 27600 SH OTHER 01 0 27600 0 DANVERS BANCORP INC COM COM 236442109 644 49585 SH OTHER 01 0 49585 0 DIAMOND FOODS INC COM 252603105 2356 66282 SH SOLE 66282 0 0 DIAMOND FOODS INC COM 252603105 1015 28555 SH OTHER 01 0 28555 0 DIME CMNTY BANCORP INC COM COM 253922108 332 28300 SH OTHER 01 0 28300 0 DRIL-QUIP INC COM COM 262037104 1051 18614 SH SOLE 18614 0 0 DRIL-QUIP INC COM COM 262037104 477 8442 SH OTHER 01 0 8442 0 EAGLE BANCORP INC MD COM COM 268948106 213 20312 SH OTHER 01 0 20312 0 EAGLE MATLS INC COM COM 26969P108 1287 49409 SH SOLE 49409 0 0 EAGLE MATLS INC COM COM 26969P108 551 21140 SH OTHER 01 0 21140 0 EBIX INC COM NEW COM 278715206 2237 137454 SH SOLE 137454 0 0 EBIX INC COM NEW COM 278715206 964 59226 SH OTHER 01 0 59226 0 EMULEX CORP COM NEW COM 292475209 1136 104200 SH SOLE 104200 0 0 EMULEX CORP COM NEW COM 292475209 393 36030 SH OTHER 01 0 36030 0 ENTERPRISE FINL SVCS CORP COM COM 293712105 195 25316 SH OTHER 01 0 25316 0 EXLSERVICE HOLDINGS INC COM COM 302081104 1871 103077 SH SOLE 103077 0 0 EXLSERVICE HOLDINGS INC COM COM 302081104 813 44781 SH OTHER 01 0 44781 0 F N B CORP PA COM COM 302520101 139 20500 SH OTHER 01 0 20500 0 FIRST FINL BANCORP COM COM 320209109 384 26366 SH OTHER 01 0 26366 0 FIRST FINL BANCSHARES INC COM COM 32020R109 819 15100 SH OTHER 01 0 15100 0 FIRST HORIZON NATL CORP COM COM 320517105 154 11521 SH OTHER 01 0 11521 0 FIRST LONG IS CORP COM COM 320734106 533 21100 SH OTHER 01 0 21100 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/09
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 214 15400 SH OTHER 01 0 15400 0 FIRSTMERIT CORP COM COM 337915102 220 10944 SH OTHER 01 0 10944 0 FLUSHING FINL CORP COM COM 343873105 154 13700 SH OTHER 01 0 13700 0 FORMFACTOR INC COM COM 346375108 2278 104636 SH SOLE 104636 0 0 FORMFACTOR INC COM COM 346375108 982 45123 SH OTHER 01 0 45123 0 GREIF BROS CORP COM 397624107 1772 32824 SH SOLE 32824 0 0 GREIF BROS CORP COM 397624107 762 14122 SH OTHER 01 0 14122 0 GSI COMM INC COM COM 36238G102 5537 218092 SH SOLE 218092 0 0 GSI COMM INC COM COM 36238G102 2338 92092 SH OTHER 01 0 92092 0 GUARANTY BANCORP DEL COM COM 40075T102 33 25000 SH OTHER 01 0 25000 0 G-III APPAREL GROUP LTD COM COM 36237H101 1386 63966 SH SOLE 63966 0 0 G-III APPAREL GROUP LTD COM COM 36237H101 539 24888 SH OTHER 01 0 24888 0 HANCOCK HLDG CO COM COM 410120109 494 11266 SH OTHER 01 0 11266 0 HANOVER INS GROUP INC COM COM 410867105 906 20400 SH OTHER 01 0 20400 0 HARLEYSVILLE GROUP INC COM COM 412824104 807 25400 SH OTHER 01 0 25400 0 HCC INS HLDGS INC COM COM 404132102 840 30050 SH OTHER 01 0 30050 0 HEADWATERS INC COM COM 42210P102 1509 231454 SH SOLE 231454 0 0 HEADWATERS INC COM COM 42210P102 638 97847 SH OTHER 01 0 97847 0 HERITAGE FINL CORP WASH COM COM 42722X106 236 17100 SH OTHER 01 0 17100 0 HF FINL CORP COM COM 404172108 596 61341 SH OTHER 01 0 61341 0 HIBBETT SPORTS INC COM COM 428567101 882 40102 SH SOLE 40102 0 0 HIBBETT SPORTS INC COM COM 428567101 375 17031 SH OTHER 01 0 17031 0 HITTITE MICROWAVE CORP COM 43365Y104 1732 42470 SH SOLE 42470 0 0 HITTITE MICROWAVE CORP COM 43365Y104 749 18360 SH OTHER 01 0 18360 0 HMS HLDGS CORP COM COM 40425J101 1584 32527 SH SOLE 32527 0 0 HMS HLDGS CORP COM COM 40425J101 690 14173 SH OTHER 01 0 14173 0 HORSEHEAD HOLDING CORP COM 440694305 1743 136724 SH SOLE 136724 0 0 HORSEHEAD HOLDING CORP COM 440694305 781 61267 SH OTHER 01 0 61267 0 HOVNANIAN ENTERPRISES INC CL A COM 442487203 970 252480 SH SOLE 252480 0 0 HOVNANIAN ENTERPRISES INC CL A COM 442487203 418 108764 SH OTHER 01 0 108764 0 HUB GROUP INC CL A COM 443320106 2293 85592 SH SOLE 85592 0 0 HUB GROUP INC CL A COM 443320106 996 37164 SH OTHER 01 0 37164 0 HUMAN GENOME SCIENCES INC COM COM 444903108 4143 135476 SH SOLE 135476 0 0 HUMAN GENOME SCIENCES INC COM COM 444903108 1783 58297 SH OTHER 01 0 58297 0 IBERIABANK CORP COM COM 450828108 673 12500 SH OTHER 01 0 12500 0 IMAX CORP COM COM 45245E109 1933 145225 SH SOLE 145225 0 0 IMAX CORP COM COM 45245E109 833 62557 SH OTHER 01 0 62557 0 IMMUNOGEN INC COM COM 45253H101 1756 223418 SH SOLE 223418 0 0 IMMUNOGEN INC COM COM 45253H101 601 76432 SH OTHER 01 0 76432 0 IMPAX LABORATORIES INC COM COM 45256B101 3387 248854 SH SOLE 248854 0 0 IMPAX LABORATORIES INC COM COM 45256B101 1343 98659 SH OTHER 01 0 98659 0 INDEPENDENT BK CORP MASS COM COM 453836108 916 43900 SH OTHER 01 0 43900 0 INSPIRE PHARMACEUTICALS INC CO COM 457733103 1315 238144 SH SOLE 238144 0 0 INSPIRE PHARMACEUTICALS INC CO COM 457733103 532 96381 SH OTHER 01 0 96381 0 INTERNATIONAL BANCSHARES CORCO COM 459044103 374 19800 SH OTHER 01 0 19800 0 IPG PHOTONICS CORP COM 44980X109 2530 151215 SH SOLE 151215 0 0 IPG PHOTONICS CORP COM 44980X109 1087 64996 SH OTHER 01 0 64996 0 ISIS PHARMACEUTICALS COM COM 464330109 900 81000 SH SOLE 81000 0 0 ISIS PHARMACEUTICALS COM COM 464330109 390 35130 SH OTHER 01 0 35130 0 J CREW GROUP INC COM COM 46612H402 718 16056 SH SOLE 16056 0 0 J CREW GROUP INC COM COM 46612H402 365 8158 SH OTHER 01 0 8158 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- KBW INC COM 482423100 759 27750 SH OTHER 01 0 27750 0 KOPPERS HOLDINGS INC COM 50060P106 2059 67630 SH SOLE 67630 0 0 KOPPERS HOLDINGS INC COM 50060P106 788 25899 SH OTHER 01 0 25899 0 KORN FERRY INTL COM NEW COM 500643200 3202 194056 SH SOLE 194056 0 0 KORN FERRY INTL COM NEW COM 500643200 1407 85252 SH OTHER 01 0 85252 0 KULICKE & SOFFA INDS INC COM COM 501242101 1771 328548 SH SOLE 328548 0 0 KULICKE & SOFFA INDS INC COM COM 501242101 774 143578 SH OTHER 01 0 143578 0 LAKELAND FINL CORP COM COM 511656100 553 32063 SH OTHER 01 0 32063 0 LUMBER LIQUIDATORS INC COM COM 55003Q103 2307 86080 SH SOLE 86080 0 0 LUMBER LIQUIDATORS INC COM COM 55003Q103 1002 37399 SH OTHER 01 0 37399 0 MAIDENFORM BRANDS INC COM COM 560305104 1953 117009 SH SOLE 117009 0 0 MAIDENFORM BRANDS INC COM COM 560305104 848 50793 SH OTHER 01 0 50793 0 MASTEC INC COM COM 576323109 628 50240 SH SOLE 50240 0 0 MASTEC INC COM COM 576323109 273 21840 SH OTHER 01 0 21840 0 MEADOWBROOK INS GROUP INC COM COM 58319P108 768 103752 SH OTHER 01 0 103752 0 MEDASSETS INC COM COM 584045108 2074 97782 SH SOLE 97782 0 0 MEDASSETS INC COM COM 584045108 898 42341 SH OTHER 01 0 42341 0 MERCER INS GROUP INC COM COM 587902107 804 44230 SH OTHER 01 0 44230 0 MERIT MED SYS INC COM COM 589889104 239 12424 SH SOLE 12424 0 0 MERIT MED SYS INC COM COM 589889104 103 5351 SH OTHER 01 0 5351 0 METALICO INC COM COM 591176102 1727 350917 SH SOLE 350917 0 0 METALICO INC COM COM 591176102 806 163809 SH OTHER 01 0 163809 0 MICROMET INC COM COM 59509C105 936 140496 SH SOLE 140496 0 0 MICROMET INC COM COM 59509C105 409 61443 SH OTHER 01 0 61443 0 MICROSEMI CORP COM COM 595137100 2298 129395 SH SOLE 129395 0 0 MICROSEMI CORP COM COM 595137100 997 56137 SH OTHER 01 0 56137 0 MICROSTRATEGY INC NEW CL A COM 594972408 4358 46350 SH SOLE 46350 0 0 MICROSTRATEGY INC NEW CL A COM 594972408 1883 20030 SH OTHER 01 0 20030 0 MIDSOUTH BANCORP INC COM COM 598039105 202 14566 SH OTHER 01 0 14566 0 MIDWESTONE FINANCIAL GROUP INC COM 598511103 234 26800 SH OTHER 01 0 26800 0 MONOLITHIC PWR SYS INC COM COM 609839105 1789 74618 SH SOLE 74618 0 0 MONOLITHIC PWR SYS INC COM COM 609839105 771 32184 SH OTHER 01 0 32184 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 1958 51940 SH SOLE 51940 0 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 824 21845 SH OTHER 01 0 21845 0 N B T BANCORP INC COM COM 628778102 253 12400 SH OTHER 01 0 12400 0 NATIONAL PENN BANCSHARES INCCO COM 637138108 117 20138 SH OTHER 01 0 20138 0 NAVIGATORS GROUP INC COM COM 638904102 857 18200 SH OTHER 01 0 18200 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 2224 48068 SH SOLE 48068 0 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 949 20513 SH OTHER 01 0 20513 0 NEUTRAL TANDEM, INC COM 64128B108 1172 51500 SH SOLE 51500 0 0 NEUTRAL TANDEM, INC COM 64128B108 481 21151 SH OTHER 01 0 21151 0 NORDSON CORP COM COM 655663102 2874 46970 SH SOLE 46970 0 0 NORDSON CORP COM COM 655663102 1264 20660 SH OTHER 01 0 20660 0 NOVAVAX INC COM COM 670002104 384 144268 SH SOLE 144268 0 0 NOVAVAX INC COM COM 670002104 167 62929 SH OTHER 01 0 62929 0 NUTRI SYS INC NEW COM COM 67069D108 3234 103756 SH SOLE 103756 0 0 NUTRI SYS INC NEW COM COM 67069D108 1401 44934 SH OTHER 01 0 44934 0 OCEANFIRST FINL CORP COM COM 675234108 123 10900 SH OTHER 01 0 10900 0 ON ASSIGNMENT INC COM COM 682159108 1874 262090 SH SOLE 262090 0 0 ON ASSIGNMENT INC COM COM 682159108 798 111648 SH OTHER 01 0 111648 0 ONCOGENEX PHARMACEUTICALS INC COM 68230A106 342 15366 SH SOLE 15366 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ONCOGENEX PHARMACEUTICALS INC COM 68230A106 148 6623 SH OTHER 01 0 6623 0 PENN VIRGINIA CORP COM 707882106 2353 110522 SH SOLE 110522 0 0 PENN VIRGINIA CORP COM 707882106 1014 47621 SH OTHER 01 0 47621 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 789 55500 SH OTHER 01 0 55500 0 POLYCOM INC COM COM 73172K104 1768 70820 SH SOLE 70820 0 0 POLYCOM INC COM COM 73172K104 724 28990 SH OTHER 01 0 28990 0 PRIVATEBANCORP INC COM COM 742962103 395 44067 SH OTHER 01 0 44067 0 PROSPERITY BANCSHARES INC COM COM 743606105 1125 27800 SH OTHER 01 0 27800 0 RACKSPACE HOSTING INC COM COM 750086100 2054 98530 SH SOLE 98530 0 0 RACKSPACE HOSTING INC COM COM 750086100 886 42490 SH OTHER 01 0 42490 0 RAYMOND JAMES FINL INC COM COM 754730109 832 35000 SH OTHER 01 0 35000 0 REGENERON PHARMACEUTICALS COM COM 75886F107 1654 68394 SH SOLE 68394 0 0 REGENERON PHARMACEUTICALS COM COM 75886F107 716 29608 SH OTHER 01 0 29608 0 RENAISSANCERE HOLDINGS LTD COM COM G7496G103 377 7100 SH OTHER 01 0 7100 0 RESMED INC COM COM 761152107 1805 34530 SH SOLE 34530 0 0 RESMED INC COM COM 761152107 785 15014 SH OTHER 01 0 15014 0 RIVERBED TECHNOLOGY INC COM COM 768573107 1648 71732 SH SOLE 71732 0 0 RIVERBED TECHNOLOGY INC COM COM 768573107 715 31111 SH OTHER 01 0 31111 0 ROCK-TENN CO CL A COM 772739207 3264 64750 SH SOLE 64750 0 0 ROCK-TENN CO CL A COM 772739207 1413 28040 SH OTHER 01 0 28040 0 ROFIN SINAR TECHNOLOGIES INCCO COM 775043102 1607 68060 SH SOLE 68060 0 0 ROFIN SINAR TECHNOLOGIES INCCO COM 775043102 584 24729 SH OTHER 01 0 24729 0 ROVI CORP COM COM 779376102 1448 45436 SH SOLE 45436 0 0 ROVI CORP COM COM 779376102 609 19113 SH OTHER 01 0 19113 0 RUBICON TECHNOLOGY INC COM 78112T107 1381 68008 SH SOLE 68008 0 0 RUBICON TECHNOLOGY INC COM 78112T107 597 29409 SH OTHER 01 0 29409 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 4192 59582 SH SOLE 59582 0 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 1813 25771 SH OTHER 01 0 25771 0 SEACOAST BKG CORP FLA COM COM 811707306 116 71300 SH OTHER 01 0 71300 0 SELECT COMFORT CORP OC-CAP STK COM 81616X103 878 134630 SH SOLE 134630 0 0 SELECT COMFORT CORP OC-CAP STK COM 81616X103 320 49145 SH OTHER 01 0 49145 0 SHUFFLE MASTER INC COM COM 825549108 3362 408008 SH SOLE 408008 0 0 SHUFFLE MASTER INC COM COM 825549108 1413 171453 SH OTHER 01 0 171453 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 846 26530 SH SOLE 26530 0 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 1445 45299 SH OTHER 01 0 45299 0 SIRONA DENTAL SYSTEMS INC COM COM 82966C103 1659 52256 SH SOLE 52256 0 0 SIRONA DENTAL SYSTEMS INC COM COM 82966C103 715 22518 SH OTHER 01 0 22518 0 SKECHERS U S A INC CL A COM 830566105 2092 71130 SH SOLE 71130 0 0 SKECHERS U S A INC CL A COM 830566105 1047 35605 SH OTHER 01 0 35605 0 SKYWORKS SOLUTIONS INC COM COM 83088M102 1657 116776 SH SOLE 116776 0 0 SKYWORKS SOLUTIONS INC COM COM 83088M102 718 50608 SH OTHER 01 0 50608 0 SMITHTOWN BANCORP INC COM COM 832449102 397 66768 SH OTHER 01 0 66768 0 SOUTHERN NATL BANCORP OF VA CO COM 843395104 100 13866 SH OTHER 01 0 13866 0 STIFEL FINL CORP COM COM 860630102 2098 35420 SH SOLE 35420 0 0 STIFEL FINL CORP COM COM 860630102 2340 39498 SH OTHER 01 0 39498 0 SUCCESSFACTORS INC COM 864596101 3047 183758 SH SOLE 183758 0 0 SUCCESSFACTORS INC COM 864596101 1312 79161 SH OTHER 01 0 79161 0 SVB FINL GROUP COM COM 78486Q101 1312 31498 SH SOLE 31498 0 0 SVB FINL GROUP COM COM 78486Q101 901 21628 SH OTHER 01 0 21628 0 SXC HEALTH SOLUTIONS CORP COM COM 78505P100 1515 28078 SH SOLE 28078 0 0 SXC HEALTH SOLUTIONS CORP COM COM 78505P100 775 14374 SH OTHER 01 0 14374 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- TALEO CORP COM 87424N104 1463 62196 SH SOLE 62196 0 0 TALEO CORP COM 87424N104 635 27003 SH OTHER 01 0 27003 0 TCF FINL CORP COM COM 872275102 192 14100 SH OTHER 01 0 14100 0 TECHE HLDG CO COM COM 878330109 742 23400 SH OTHER 01 0 23400 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2352 168488 SH SOLE 168488 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2250 161180 SH OTHER 01 0 161180 0 TEXAS ROADHOUSE INC CL A COM 882681109 2374 211412 SH SOLE 211412 0 0 TEXAS ROADHOUSE INC CL A COM 882681109 1022 90971 SH OTHER 01 0 90971 0 THORATEC LABS CORP COM NEW COM 885175307 2679 99535 SH SOLE 99535 0 0 THORATEC LABS CORP COM NEW COM 885175307 1154 42877 SH OTHER 01 0 42877 0 TOWER BANCORP INC COM COM 891709107 415 18166 SH OTHER 01 0 18166 0 TOWER GROUP INC COM COM 891777104 1650 70496 SH SOLE 70496 0 0 TOWER GROUP INC COM COM 891777104 973 41568 SH OTHER 01 0 41568 0 TUPPERWARE CORP COM COM 899896104 3761 80770 SH SOLE 80770 0 0 TUPPERWARE CORP COM COM 899896104 1743 37430 SH OTHER 01 0 37430 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 2057 113260 SH SOLE 113260 0 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 862 47451 SH OTHER 01 0 47451 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 2300 78325 SH SOLE 78325 0 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 996 33919 SH OTHER 01 0 33919 0 UNITED CMNTY BKS INC CDT-CAP S COM 90984P105 289 85266 SH OTHER 01 0 85266 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 2033 164484 SH SOLE 164484 0 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 931 75326 SH OTHER 01 0 75326 0 URSTADT BIDDLE PPTYS INC CL A COM 917286205 660 43200 SH OTHER 01 0 43200 0 VALUEVISION INTL INC CL A COM 92047K107 645 134425 SH SOLE 134425 0 0 VALUEVISION INTL INC CL A COM 92047K107 264 55039 SH OTHER 01 0 55039 0 VANTAGE DRILLING COMPANY ORD S COM G93205113 440 273427 SH SOLE 273427 0 0 VANTAGE DRILLING COMPANY ORD S COM G93205113 193 119693 SH OTHER 01 0 119693 0 VEECO INSTRS INC DEL COM COM 922417100 3055 92474 SH SOLE 92474 0 0 VEECO INSTRS INC DEL COM COM 922417100 1315 39787 SH OTHER 01 0 39787 0 VIASAT INC COM COM 92552V100 3705 116570 SH SOLE 116570 0 0 VIASAT INC COM COM 92552V100 1608 50604 SH OTHER 01 0 50604 0 VITACOST.COM INC COM 92847A200 1253 120247 SH SOLE 120247 0 0 VITACOST.COM INC COM 92847A200 578 55425 SH OTHER 01 0 55425 0 VOLCANO CORPORATION COM COM 928645100 2262 130130 SH SOLE 130130 0 0 VOLCANO CORPORATION COM COM 928645100 827 47579 SH OTHER 01 0 47579 0 VOLTERRA SEMICONDUCTOR CORP CO COM 928708106 587 30692 SH SOLE 30692 0 0 VOLTERRA SEMICONDUCTOR CORP CO COM 928708106 258 13506 SH OTHER 01 0 13506 0 WARNACO GROUP INC CL A NEW COM 934390402 2650 62808 SH SOLE 62808 0 0 WARNACO GROUP INC CL A NEW COM 934390402 935 22154 SH OTHER 01 0 22154 0 WASHINGTON BKG CO OAK HBR WACO COM 937303105 278 23253 SH OTHER 01 0 23253 0 WASHINGTON TR BANCORP INC COM COM 940610108 218 14000 SH OTHER 01 0 14000 0 WESCO INTL INC COM COM 95082P105 1842 68180 SH SOLE 68180 0 0 WESCO INTL INC COM COM 95082P105 772 28590 SH OTHER 01 0 28590 0 WESTERN ALLIANCE BANCORP COM 957638109 849 224695 SH SOLE 224695 0 0 WESTERN ALLIANCE BANCORP COM 957638109 1028 271854 SH OTHER 01 0 271854 0 WESTFIELD FINL INC COM COM 96008P104 531 64400 SH OTHER 01 0 64400 0 WESTWOOD HLDGS GROUP INC COM COM 961765104 428 11772 SH OTHER 01 0 11772 0 WET SEAL INC CL A COM 961840105 2011 583013 SH SOLE 583013 0 0 WET SEAL INC CL A COM 961840105 849 245976 SH OTHER 01 0 245976 0 WHITING PETE CORP NEW COM COM 966387102 3487 48806 SH SOLE 48806 0 0 WHITING PETE CORP NEW COM COM 966387102 1342 18780 SH OTHER 01 0 18780 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 7 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/09
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- WINTRUST FINL CORP COM COM 97650W108 252 8200 SH OTHER 01 0 8200 0 WOODWARD GOVERNOR CO COM COM 980745103 1105 42870 SH SOLE 42870 0 0 WOODWARD GOVERNOR CO COM COM 980745103 479 18580 SH OTHER 01 0 18580 0 YADKIN VALLEY FINANCIAL CORPOR COM 984314104 73 20000 SH OTHER 01 0 20000 0 ZUMIEZ INC COM COM 989817101 1000 78578 SH SOLE 78578 0 0 ZUMIEZ INC COM COM 989817101 433 34079 SH OTHER 01 0 34079 0
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