-----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, BYkEEPf5SS0Me1+KDDW7UBDdhLb4S3tyBeaSHB6Q0fZDvmHxZbgPW8y7jInDlnwk Hkuf/uYea6zMHNO8NeDKjA== 0001144204-10-055411.txt : 20101026 0001144204-10-055411.hdr.sgml : 20101026 20101026082659 ACCESSION NUMBER: 0001144204-10-055411 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100930 FILED AS OF DATE: 20101026 DATE AS OF CHANGE: 20101026 EFFECTIVENESS DATE: 20101026 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: 101140965 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 v199899_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: September 30, 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 October 25, 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: $316,524 (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 PAGE 1 EMERALD MUTUAL FUND ADVISERS TRUST FORM 13F INFORMATION TABLE AS OF DATE: 09/30/10
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 2490 47796 SH SOLE 47796 0 0 ABOVENET INC COM COM 00374N107 1540 29571 SH OTHER 01 0 29571 0 ACME PACKET INC COM COM 004764106 1984 52306 SH SOLE 52306 0 0 ACME PACKET INC COM COM 004764106 987 26003 SH OTHER 01 0 26003 0 ACTUANT CORP CL A NEW COM 00508X203 1380 60116 SH SOLE 60116 0 0 ACTUANT CORP CL A NEW COM 00508X203 829 36113 SH OTHER 01 0 36113 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 357 4580 SH OTHER 01 0 4580 0 AIRTRAN HLDGS INC COM COM 00949P108 205 27844 SH SOLE 27844 0 0 AIRTRAN HLDGS INC COM COM 00949P108 522 70986 SH OTHER 01 0 70986 0 ALLIED NEVADA GOLD CORP COM COM 019344100 2074 78256 SH SOLE 78256 0 0 ALLIED NEVADA GOLD CORP COM COM 019344100 1197 45188 SH OTHER 01 0 45188 0 AMERICAN BUSINESS BK LA CALICO COM 02475L105 235 9687 SH OTHER 01 0 9687 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 781 25650 SH OTHER 01 0 25650 0 AMERICAN SUPERCONDUCTOR CORPCO COM 030111108 796 25600 SH SOLE 25600 0 0 AMERICAN SUPERCONDUCTOR CORPCO COM 030111108 486 15620 SH OTHER 01 0 15620 0 AMERIS BANCORP COM COM 03076K108 132 14116 SH OTHER 01 0 14116 0 ANSYS INC COM COM 03662Q105 1647 38992 SH SOLE 38992 0 0 ANSYS INC COM COM 03662Q105 1006 23811 SH OTHER 01 0 23811 0 ARROW FINL CORP COM COM 042744102 318 12680 SH OTHER 01 0 12680 0 ARUBA NETWORKS INC COM COM 043176106 2209 103528 SH SOLE 103528 0 0 ARUBA NETWORKS INC COM COM 043176106 1285 60220 SH OTHER 01 0 60220 0 BANCORP INC DEL COM COM 05969A105 498 74420 SH OTHER 01 0 74420 0 BANK OF MARIN BANCORP COM COM 063425102 818 25386 SH OTHER 01 0 25386 0 BANK OF THE OZARKS INC COM COM 063904106 1490 40184 SH OTHER 01 0 40184 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 1594 139839 SH SOLE 139839 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 958 84033 SH OTHER 01 0 84033 0 BIOSCRIPT INC COM COM 09069N108 1340 259636 SH SOLE 259636 0 0 BIOSCRIPT INC COM COM 09069N108 843 163408 SH OTHER 01 0 163408 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 2900 139011 SH SOLE 139011 0 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1714 82166 SH OTHER 01 0 82166 0 BJ'S RESTAURANT INC COM 09180C106 1672 59382 SH SOLE 59382 0 0 BJ'S RESTAURANT INC COM 09180C106 1019 36179 SH OTHER 01 0 36179 0 BLUEGREEN CORP COM COM 096231105 667 239128 SH SOLE 239128 0 0 BLUEGREEN CORP COM COM 096231105 358 128220 SH OTHER 01 0 128220 0 BRIGHAM EXPL CO COM COM 109178103 1921 102478 SH SOLE 102478 0 0 BRIGHAM EXPL CO COM COM 109178103 1034 55151 SH OTHER 01 0 55151 0 BRYN MAWR BK CORP COM COM 117665109 273 15850 SH OTHER 01 0 15850 0 CALIFORNIA UTD BK ENCINO CA CO COM 130781107 293 27110 SH OTHER 01 0 27110 0 CALIPER LIFE SCIENCES COM 130872104 76 19130 SH SOLE 19130 0 0 CALIPER LIFE SCIENCES COM 130872104 14 3430 SH OTHER 01 0 3430 0 CAMDEN NATL CORP COM COM 133034108 284 8186 SH OTHER 01 0 8186 0 CAPELLA EDUCATION CO COM 139594105 1073 13830 SH SOLE 13830 0 0 CAPELLA EDUCATION CO COM 139594105 645 8310 SH OTHER 01 0 8310 0 CARDINAL FINL CORP COM COM 14149F109 577 60020 SH OTHER 01 0 60020 0 CASS INFORMATION SYS INC COM COM 14808P109 1110 32343 SH OTHER 01 0 32343 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 1364 38738 SH SOLE 38738 0 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 795 22597 SH OTHER 01 0 22597 0 CAVIUM NETWORKS INC COM COM 14965A101 1975 68664 SH SOLE 68664 0 0 CAVIUM NETWORKS INC COM COM 14965A101 1216 42269 SH OTHER 01 0 42269 0 CENTERSTATE BANKS INC COM COM 15201P109 856 99750 SH OTHER 01 0 99750 0 CEPHEID COM COM 15670R107 623 33284 SH SOLE 33284 0 0
PAGE 2 EMERALD MUTUAL FUND ADVISERS TRUST FORM 13F INFORMATION TABLE AS OF DATE: 09/30/10
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 - -------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------ CEPHEID COM COM 15670R107 187 10000 SH OTHER 01 0 10000 0 CITI TRENDS INC COM COM 17306X102 695 28696 SH SOLE 28696 0 0 CITI TRENDS INC COM COM 17306X102 411 16977 SH OTHER 01 0 16977 0 CITIZENS FINL SVCS INC COM COM 174615104 220 7070 SH OTHER 01 0 7070 0 COLUMBIA BKG SYS INC COM COM 197236102 971 49396 SH SOLE 49396 0 0 COLUMBIA BKG SYS INC COM COM 197236102 1352 68791 SH OTHER 01 0 68791 0 COMMUNITY BANKERS TR CORP COM COM 203612106 75 75372 SH OTHER 01 0 75372 0 COMMUNITY BK SYS INC COM COM 203607106 315 13710 SH OTHER 01 0 13710 0 COOPER TIRE & RUBR CO COM COM 216831107 1141 58127 SH SOLE 58127 0 0 COOPER TIRE & RUBR CO COM COM 216831107 666 33929 SH OTHER 01 0 33929 0 CORESITE RLTY CORP COM COM 21870Q105 320 19518 SH SOLE 19518 0 0 CORESITE RLTY CORP COM COM 21870Q105 408 24878 SH OTHER 01 0 24878 0 COST PLUS INC CALIF COM COM 221485105 683 164692 SH SOLE 164692 0 0 COST PLUS INC CALIF COM COM 221485105 401 96676 SH OTHER 01 0 96676 0 CROCS INC COM COM 227046109 2195 168852 SH SOLE 168852 0 0 CROCS INC COM COM 227046109 1238 95201 SH OTHER 01 0 95201 0 CVB FINL CORP COM COM 126600105 312 41570 SH OTHER 01 0 41570 0 DANVERS BANCORP INC COM COM 236442109 624 40735 SH OTHER 01 0 40735 0 DEMANDTEC INC COM 24802R506 1377 146386 SH SOLE 146386 0 0 DEMANDTEC INC COM 24802R506 768 81578 SH OTHER 01 0 81578 0 DEPOMED INC COM COM 249908104 430 95936 SH SOLE 95936 0 0 DEPOMED INC COM COM 249908104 257 57322 SH OTHER 01 0 57322 0 DIAMOND FOODS INC COM 252603105 2817 68726 SH SOLE 68726 0 0 DIAMOND FOODS INC COM 252603105 1666 40637 SH OTHER 01 0 40637 0 DIAMONDROCK HOSPITALITY CO COM COM 252784301 1170 123308 SH SOLE 123308 0 0 DIAMONDROCK HOSPITALITY CO COM COM 252784301 1205 126999 SH OTHER 01 0 126999 0 DIME CMNTY BANCORP INC COM COM 253922108 378 27300 SH OTHER 01 0 27300 0 DUPONT FABROS TECHNOLOGY INCCO COM 26613Q106 1792 71244 SH SOLE 71244 0 0 DUPONT FABROS TECHNOLOGY INCCO COM 26613Q106 1448 57580 SH OTHER 01 0 57580 0 EAGLE BANCORP INC MD COM COM 268948106 380 33112 SH OTHER 01 0 33112 0 EAST WEST BANCORP INC COM COM 27579R104 573 35210 SH OTHER 01 0 35210 0 EBIX INC COM NEW COM 278715206 1258 53639 SH SOLE 53639 0 0 EBIX INC COM NEW COM 278715206 759 32346 SH OTHER 01 0 32346 0 ENTERPRISE FINL SVCS CORP COM COM 293712105 208 22316 SH OTHER 01 0 22316 0 ENTERTAINMENT PPTYS TR COM SH COM 29380T105 221 5120 SH OTHER 01 0 5120 0 ENTROPIC COMMUNICATIONS INC CO COM 29384R105 397 41346 SH SOLE 41346 0 0 ENTROPIC COMMUNICATIONS INC CO COM 29384R105 204 21233 SH OTHER 01 0 21233 0 ENVESTNET INC COM 29404K106 543 51880 SH OTHER 01 0 51880 0 ESTERLINE TECHNOLOGIES CORP CO COM 297425100 2740 47875 SH SOLE 47875 0 0 ESTERLINE TECHNOLOGIES CORP CO COM 297425100 1630 28477 SH OTHER 01 0 28477 0 EVANS BANCORP INC COM NEW COM 29911Q208 185 14050 SH OTHER 01 0 14050 0 EXACT SCIENCES CORP COM COM 30063P105 731 101005 SH SOLE 101005 0 0 EXACT SCIENCES CORP COM COM 30063P105 419 57812 SH OTHER 01 0 57812 0 EXLSERVICE HOLDINGS INC COM COM 302081104 1620 83297 SH SOLE 83297 0 0 EXLSERVICE HOLDINGS INC COM COM 302081104 871 44781 SH OTHER 01 0 44781 0 F N B CORP PA COM COM 302520101 150 17500 SH OTHER 01 0 17500 0 FARO TECHNOLOGIES INC COM COM 311642102 1765 80911 SH SOLE 80911 0 0 FARO TECHNOLOGIES INC COM COM 311642102 975 44722 SH OTHER 01 0 44722 0 FIRST CALIFORNIA FINANCIAL GCO COM 319395109 223 91000 SH OTHER 01 0 91000 0 FIRST CTZNS BANCSHARES NC CL A COM 31946M103 625 3371 SH OTHER 01 0 3371 0 FIRST FINL BANCORP COM COM 320209109 481 28866 SH OTHER 01 0 28866 0
PAGE 3 EMERALD MUTUAL FUND ADVISERS TRUST FORM 13F INFORMATION TABLE AS OF DATE: 09/30/10
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 FINL BANCSHARES INC COM COM 32020R109 663 14100 SH OTHER 01 0 14100 0 FIRST HORIZON NATL CORP COM COM 320517105 137 12036 SH OTHER 01 0 12036 0 FIRST LONG IS CORP COM COM 320734106 786 31450 SH OTHER 01 0 31450 0 FIRST NIAGARA FINL GP INC COM COM 33582V108 272 23330 SH OTHER 01 0 23330 0 FIRSTMERIT CORP COM COM 337915102 456 24904 SH OTHER 01 0 24904 0 FLUSHING FINL CORP COM COM 343873105 145 12500 SH OTHER 01 0 12500 0 FULTON FINL CORP PA COM COM 360271100 124 13718 SH OTHER 01 0 13718 0 GREENHILL & CO INC COM COM 395259104 360 4540 SH OTHER 01 0 4540 0 GSI COMM INC COM COM 36238G102 2792 113042 SH SOLE 113042 0 0 GSI COMM INC COM COM 36238G102 1640 66390 SH OTHER 01 0 66390 0 GUARANTY BANCORP DEL COM COM 40075T102 163 102490 SH OTHER 01 0 102490 0 G-III APPAREL GROUP LTD COM COM 36237H101 2533 80722 SH SOLE 80722 0 0 G-III APPAREL GROUP LTD COM COM 36237H101 1482 47234 SH OTHER 01 0 47234 0 HANCOCK HLDG CO COM COM 410120109 263 8756 SH OTHER 01 0 8756 0 HEALTHSOUTH CORP COM 421924309 651 33930 SH SOLE 33930 0 0 HEALTHSOUTH CORP COM 421924309 399 20770 SH OTHER 01 0 20770 0 HERITAGE FINL CORP WASH COM COM 42722X106 239 17100 SH OTHER 01 0 17100 0 HERSHA HOSPITALITY TR PRIORITY COM 427825104 269 51955 SH OTHER 01 0 51955 0 HIBBETT SPORTS INC COM COM 428567101 2386 95648 SH SOLE 95648 0 0 HIBBETT SPORTS INC COM COM 428567101 1324 53054 SH OTHER 01 0 53054 0 HITTITE MICROWAVE CORP COM 43365Y104 904 18970 SH SOLE 18970 0 0 HITTITE MICROWAVE CORP COM 43365Y104 550 11540 SH OTHER 01 0 11540 0 HNI CORPORATION COM 404251100 656 22820 SH SOLE 22820 0 0 HNI CORPORATION COM 404251100 481 16715 SH OTHER 01 0 16715 0 HOME BANCSHARES INC COM COM 436893200 228 11220 SH OTHER 01 0 11220 0 HOPFED BANCORP INC COM COM 439734104 168 18533 SH OTHER 01 0 18533 0 HORIZON BANCORP IND COM COM 440407104 481 21632 SH OTHER 01 0 21632 0 HORSEHEAD HOLDING CORP COM 440694305 1003 101638 SH SOLE 101638 0 0 HORSEHEAD HOLDING CORP COM 440694305 595 60269 SH OTHER 01 0 60269 0 HUB GROUP INC CL A COM 443320106 2325 79455 SH SOLE 79455 0 0 HUB GROUP INC CL A COM 443320106 1354 46264 SH OTHER 01 0 46264 0 HUMAN GENOME SCIENCES INC COM COM 444903108 924 31021 SH SOLE 31021 0 0 HUMAN GENOME SCIENCES INC COM COM 444903108 492 16522 SH OTHER 01 0 16522 0 IBERIABANK CORP COM COM 450828108 1106 22137 SH SOLE 22137 0 0 IBERIABANK CORP COM COM 450828108 1765 35324 SH OTHER 01 0 35324 0 II-VI INC COM COM 902104108 2772 74246 SH SOLE 74246 0 0 II-VI INC COM COM 902104108 1579 42300 SH OTHER 01 0 42300 0 INDEPENDENT BK CORP MASS COM COM 453836108 457 20300 SH OTHER 01 0 20300 0 INSPIRE PHARMACEUTICALS INC CO COM 457733103 989 166174 SH SOLE 166174 0 0 INSPIRE PHARMACEUTICALS INC CO COM 457733103 573 96381 SH OTHER 01 0 96381 0 IPG PHOTONICS CORP COM 44980X109 2395 99217 SH SOLE 99217 0 0 IPG PHOTONICS CORP COM 44980X109 1356 56166 SH OTHER 01 0 56166 0 ISIS PHARMACEUTICALS COM COM 464330109 474 56420 SH SOLE 56420 0 0 ISIS PHARMACEUTICALS COM COM 464330109 295 35130 SH OTHER 01 0 35130 0 KBW INC COM 482423100 534 20857 SH OTHER 01 0 20857 0 KFORCE COM INC COM COM 493732101 1836 133838 SH SOLE 133838 0 0 KFORCE COM INC COM COM 493732101 1070 77990 SH OTHER 01 0 77990 0 KORN FERRY INTL COM NEW COM 500643200 1198 72413 SH SOLE 72413 0 0 KORN FERRY INTL COM NEW COM 500643200 719 43500 SH OTHER 01 0 43500 0 KRATON PERFORMANCE POLYMERS CO COM 50077C106 1085 39952 SH SOLE 39952 0 0 KRATON PERFORMANCE POLYMERS CO COM 50077C106 1108 40806 SH OTHER 01 0 40806 0
PAGE 4 EMERALD MUTUAL FUND ADVISERS TRUST FORM 13F INFORMATION TABLE AS OF DATE: 09/30/10
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 - -------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------ LAKELAND FINL CORP COM COM 511656100 561 30063 SH OTHER 01 0 30063 0 LUMBER LIQUIDATORS HOLDINGS IN COM 55003T107 1259 51245 SH SOLE 51245 0 0 LUMBER LIQUIDATORS HOLDINGS IN COM 55003T107 540 21989 SH OTHER 01 0 21989 0 MAIDENFORM BRANDS INC COM COM 560305104 2152 74593 SH SOLE 74593 0 0 MAIDENFORM BRANDS INC COM COM 560305104 1217 42173 SH OTHER 01 0 42173 0 MCCORMICK & SCHMICKS SEAFD RCO COM 579793100 857 110158 SH SOLE 110158 0 0 MCCORMICK & SCHMICKS SEAFD RCO COM 579793100 490 62957 SH OTHER 01 0 62957 0 MEADOWBROOK INS GROUP INC COM COM 58319P108 524 58382 SH OTHER 01 0 58382 0 MEDASSETS INC COM COM 584045108 466 22150 SH SOLE 22150 0 0 MEDASSETS INC COM COM 584045108 271 12875 SH OTHER 01 0 12875 0 MICROMET INC COM COM 59509C105 1096 163120 SH SOLE 163120 0 0 MICROMET INC COM COM 59509C105 637 94795 SH OTHER 01 0 94795 0 MICROSEMI CORP COM COM 595137100 1545 90225 SH SOLE 90225 0 0 MICROSEMI CORP COM COM 595137100 961 56137 SH OTHER 01 0 56137 0 MICROSTRATEGY INC NEW CL A COM 594972408 895 10331 SH SOLE 10331 0 0 MICROSTRATEGY INC NEW CL A COM 594972408 421 4861 SH OTHER 01 0 4861 0 MIDSOUTH BANCORP INC COM COM 598039105 206 14566 SH OTHER 01 0 14566 0 MIDWESTONE FINANCIAL GROUP INC COM 598511103 349 23840 SH OTHER 01 0 23840 0 MINDSPEED TECHNOLOGIES INC COM COM 602682205 1490 191748 SH SOLE 191748 0 0 MINDSPEED TECHNOLOGIES INC COM COM 602682205 862 110951 SH OTHER 01 0 110951 0 MOLINA HEALTHCARE INC COM COM 60855R100 583 21610 SH SOLE 21610 0 0 MOLINA HEALTHCARE INC COM COM 60855R100 386 14284 SH OTHER 01 0 14284 0 MONRO MUFFLER BRAKE INC COM COM 610236101 1059 22956 SH SOLE 22956 0 0 MONRO MUFFLER BRAKE INC COM COM 610236101 609 13218 SH OTHER 01 0 13218 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 4056 70268 SH SOLE 70268 0 0 MWI VETERINARY SUPPLY INC COM COM 55402X105 2108 36529 SH OTHER 01 0 36529 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 218 8700 SH OTHER 01 0 8700 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 1863 67566 SH SOLE 67566 0 0 NETLOGIC MICROSYSTEMS INC COM COM 64118B100 1131 41026 SH OTHER 01 0 41026 0 NEWMARKET CORP COM COM 651587107 2474 21759 SH SOLE 21759 0 0 NEWMARKET CORP COM COM 651587107 1444 12702 SH OTHER 01 0 12702 0 NEWPARK RES INC COM PAR$0.01NE COM 651718504 1376 163823 SH SOLE 163823 0 0 NEWPARK RES INC COM PAR$0.01NE COM 651718504 779 92769 SH OTHER 01 0 92769 0 NORDSON CORP COM COM 655663102 1979 26860 SH SOLE 26860 0 0 NORDSON CORP COM COM 655663102 1152 15630 SH OTHER 01 0 15630 0 NPS PHARMACEUTICALS INC COM COM 62936P103 719 105146 SH SOLE 105146 0 0 NPS PHARMACEUTICALS INC COM COM 62936P103 407 59493 SH OTHER 01 0 59493 0 NUTRI SYS INC NEW COM COM 67069D108 1392 72326 SH SOLE 72326 0 0 NUTRI SYS INC NEW COM COM 67069D108 865 44934 SH OTHER 01 0 44934 0 NUVASIVE INC COM COM 670704105 597 16990 SH SOLE 16990 0 0 NUVASIVE INC COM COM 670704105 337 9580 SH OTHER 01 0 9580 0 OLIN CORP COM PAR $1. COM 680665205 1913 94880 SH SOLE 94880 0 0 OLIN CORP COM PAR $1. COM 680665205 1068 52960 SH OTHER 01 0 52960 0 ON ASSIGNMENT INC COM COM 682159108 642 122365 SH SOLE 122365 0 0 ORIENTAL FINL GROUP INC COM COM 68618W100 148 11100 SH OTHER 01 0 11100 0 ORRSTOWN FINL SVCS INC COM COM 687380105 711 30680 SH OTHER 01 0 30680 0 PACIFIC PREMIER BANCORP COM COM 69478X105 122 27490 SH OTHER 01 0 27490 0 PAREXEL INTL CORP COM COM 699462107 1134 49038 SH SOLE 49038 0 0 PAREXEL INTL CORP COM COM 699462107 664 28724 SH OTHER 01 0 28724 0 PARK STERLING BANK COM COM 70086W109 432 70850 SH OTHER 01 0 70850 0 PHARMASSET INC COM COM 71715N106 690 23436 SH SOLE 23436 0 0
PAGE 5 EMERALD MUTUAL FUND ADVISERS TRUST FORM 13F INFORMATION TABLE AS OF DATE: 09/30/10
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 - -------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------ PHARMASSET INC COM COM 71715N106 420 14272 SH OTHER 01 0 14272 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 299 32580 SH OTHER 01 0 32580 0 POLARIS INDS INC COM COM 731068102 1071 16450 SH SOLE 16450 0 0 POLARIS INDS INC COM COM 731068102 570 8750 SH OTHER 01 0 8750 0 PRIVATEBANCORP INC COM COM 742962103 251 22000 SH OTHER 01 0 22000 0 PROSPERITY BANCSHARES INC COM COM 743606105 903 27800 SH OTHER 01 0 27800 0 RACKSPACE HOSTING INC COM COM 750086100 1726 66440 SH SOLE 66440 0 0 RACKSPACE HOSTING INC COM COM 750086100 1680 64650 SH OTHER 01 0 64650 0 RADIANT SYS INC COM COM 75025N102 2609 152500 SH SOLE 152500 0 0 RADIANT SYS INC COM COM 75025N102 1256 73407 SH OTHER 01 0 73407 0 RAYMOND JAMES FINL INC COM COM 754730109 482 19040 SH OTHER 01 0 19040 0 REGENERON PHARMACEUTICALS COM COM 75886F107 1157 42234 SH SOLE 42234 0 0 REGENERON PHARMACEUTICALS COM COM 75886F107 632 23068 SH OTHER 01 0 23068 0 RIVERBED TECHNOLOGY INC COM COM 768573107 2024 44402 SH SOLE 44402 0 0 RIVERBED TECHNOLOGY INC COM COM 768573107 1178 25851 SH OTHER 01 0 25851 0 ROCK-TENN CO CL A COM 772739207 534 10730 SH SOLE 10730 0 0 ROCK-TENN CO CL A COM 772739207 311 6240 SH OTHER 01 0 6240 0 ROVI CORP COM COM 779376102 1565 31036 SH SOLE 31036 0 0 ROVI CORP COM COM 779376102 963 19113 SH OTHER 01 0 19113 0 RPC INC COM COM 749660106 2670 126204 SH SOLE 126204 0 0 RPC INC COM COM 749660106 1551 73282 SH OTHER 01 0 73282 0 RUBICON TECHNOLOGY INC COM 78112T107 1585 69854 SH SOLE 69854 0 0 RUBICON TECHNOLOGY INC COM 78112T107 861 37932 SH OTHER 01 0 37932 0 SALIX PHARMACEUTICALS LTD COM COM 795435106 2848 71690 SH SOLE 71690 0 0 SALIX PHARMACEUTICALS LTD COM COM 795435106 1729 43520 SH OTHER 01 0 43520 0 SANDY SPRING BANCORP INC CMT-C COM 800363103 193 12433 SH OTHER 01 0 12433 0 SCBT FINANCIAL CORPOERATION COM 78401V102 397 12740 SH OTHER 01 0 12740 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 1037 17780 SH SOLE 17780 0 0 SCHWEITZER-MAUDUIT INTL INC CO COM 808541106 760 13030 SH OTHER 01 0 13030 0 SCIQUEST INC NEW COM COM 80908T101 558 46208 SH SOLE 46208 0 0 SCIQUEST INC NEW COM COM 80908T101 318 26349 SH OTHER 01 0 26349 0 SEACOAST BKG CORP FLA COM COM 811707306 164 134310 SH OTHER 01 0 134310 0 SELECT COMFORT CORP OC-CAP STK COM 81616X103 429 63222 SH SOLE 63222 0 0 SELECT COMFORT CORP OC-CAP STK COM 81616X103 251 37036 SH OTHER 01 0 37036 0 SHUFFLE MASTER INC COM COM 825549108 2109 250775 SH SOLE 250775 0 0 SHUFFLE MASTER INC COM COM 825549108 867 103123 SH OTHER 01 0 103123 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 1936 49850 SH SOLE 49850 0 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 2367 60939 SH OTHER 01 0 60939 0 SIRONA DENTAL SYSTEMS INC COM COM 82966C103 832 23076 SH SOLE 23076 0 0 SIRONA DENTAL SYSTEMS INC COM COM 82966C103 503 13968 SH OTHER 01 0 13968 0 SOURCEFIRE INC COM COM 83616T108 2274 78842 SH SOLE 78842 0 0 SOURCEFIRE INC COM COM 83616T108 1341 46501 SH OTHER 01 0 46501 0 SOUTHERN NATL BANCORP OF VA CO COM 843395104 100 13866 SH OTHER 01 0 13866 0 SOUTHWEST BANCORP INC OKLA COM COM 844767103 274 21150 SH OTHER 01 0 21150 0 STIFEL FINL CORP COM COM 860630102 564 12174 SH OTHER 01 0 12174 0 SUCCESSFACTORS INC COM 864596101 2253 89708 SH SOLE 89708 0 0 SUCCESSFACTORS INC COM 864596101 1316 52401 SH OTHER 01 0 52401 0 SUPPORT COM INC COM COM 86858W101 539 117632 SH SOLE 117632 0 0 SUPPORT COM INC COM COM 86858W101 308 67331 SH OTHER 01 0 67331 0 SUSQUEHANNA BANCSHARES INC COM COM 869099101 390 46206 SH OTHER 01 0 46206 0 SVB FINL GROUP COM COM 78486Q101 189 4461 SH SOLE 4461 0 0
PAGE 6 EMERALD MUTUAL FUND ADVISERS TRUST FORM 13F INFORMATION TABLE AS OF DATE: 09/30/10
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 - -------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------ SVB FINL GROUP COM COM 78486Q101 502 11858 SH OTHER 01 0 11858 0 TALEO CORP COM 87424N104 2969 102424 SH SOLE 102424 0 0 TALEO CORP COM 87424N104 1639 56522 SH OTHER 01 0 56522 0 TECHE HLDG CO COM COM 878330109 645 20800 SH OTHER 01 0 20800 0 TEMPUR-PEDIC INTL INC COM COM 88023U101 1612 51984 SH SOLE 51984 0 0 TEMPUR-PEDIC INTL INC COM COM 88023U101 965 31122 SH OTHER 01 0 31122 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2213 128162 SH SOLE 128162 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2731 158138 SH OTHER 01 0 158138 0 TEXAS ROADHOUSE INC CL A COM 882681109 2106 149902 SH SOLE 149902 0 0 TEXAS ROADHOUSE INC CL A COM 882681109 1278 90971 SH OTHER 01 0 90971 0 THORATEC LABS CORP COM NEW COM 885175307 2115 57185 SH SOLE 57185 0 0 THORATEC LABS CORP COM NEW COM 885175307 1280 34607 SH OTHER 01 0 34607 0 TIBCO SOFTWARE INC COM COM 88632Q103 2337 131748 SH SOLE 131748 0 0 TIBCO SOFTWARE INC COM COM 88632Q103 1366 76989 SH OTHER 01 0 76989 0 TOMPKINS TRUSTCO INC COM COM 890110109 236 5950 SH OTHER 01 0 5950 0 TRIUMPH GROUP INC NEW COM COM 896818101 1958 26246 SH SOLE 26246 0 0 TRIUMPH GROUP INC NEW COM COM 896818101 1064 14268 SH OTHER 01 0 14268 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 1758 60210 SH SOLE 60210 0 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 1057 36201 SH OTHER 01 0 36201 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 2788 72163 SH SOLE 72163 0 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 1568 40583 SH OTHER 01 0 40583 0 UNITED CMNTY BKS INC CDT-CAP S COM 90984P105 169 75266 SH OTHER 01 0 75266 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 584 24830 SH SOLE 24830 0 0 UNIVERSAL DISPLAY CORP COM COM 91347P105 347 14774 SH OTHER 01 0 14774 0 URSTADT BIDDLE PPTYS INC CL A COM 917286205 624 34540 SH OTHER 01 0 34540 0 UTI WORLDWIDE INC ORD COM G87210103 1630 101372 SH SOLE 101372 0 0 UTI WORLDWIDE INC ORD COM G87210103 946 58823 SH OTHER 01 0 58823 0 VEECO INSTRS INC DEL COM COM 922417100 626 17943 SH SOLE 17943 0 0 VEECO INSTRS INC DEL COM COM 922417100 366 10497 SH OTHER 01 0 10497 0 VERIFONE HLDGS INC COM COM 92342Y109 991 31880 SH SOLE 31880 0 0 VERIFONE HLDGS INC COM COM 92342Y109 557 17920 SH OTHER 01 0 17920 0 VIASAT INC COM COM 92552V100 1974 48020 SH SOLE 48020 0 0 VIASAT INC COM COM 92552V100 1060 25784 SH OTHER 01 0 25784 0 VIEWPOINT FINL GROUP INC MD CO COM 92672A101 338 36593 SH OTHER 01 0 36593 0 VIST FINANCIAL CORP COM COM 918255100 345 48679 SH OTHER 01 0 48679 0 VITACOST.COM INC COM 92847A200 413 68637 SH SOLE 68637 0 0 VITACOST.COM INC COM 92847A200 260 43227 SH OTHER 01 0 43227 0 VOLCANO CORPORATION COM COM 928645100 2694 103680 SH SOLE 103680 0 0 VOLCANO CORPORATION COM COM 928645100 1618 62269 SH OTHER 01 0 62269 0 WABASH NATL CORP COM COM 929566107 1166 144140 SH SOLE 144140 0 0 WABASH NATL CORP COM COM 929566107 787 97320 SH OTHER 01 0 97320 0 WARNACO GROUP INC CL A NEW COM 934390402 2722 53238 SH SOLE 53238 0 0 WARNACO GROUP INC CL A NEW COM 934390402 1531 29944 SH OTHER 01 0 29944 0 WASHINGTON BKG CO OAK HBR WACO COM 937303105 301 21703 SH OTHER 01 0 21703 0 WASHINGTON FED INC COM COM 938824109 335 21940 SH OTHER 01 0 21940 0 WESCO INTL INC COM COM 95082P105 2492 63420 SH SOLE 63420 0 0 WESCO INTL INC COM COM 95082P105 1438 36610 SH OTHER 01 0 36610 0 WESTERN ALLIANCE BANCORP COM 957638109 643 96007 SH OTHER 01 0 96007 0 WESTFIELD FINL INC COM COM 96008P104 128 16460 SH OTHER 01 0 16460 0 WET SEAL INC CL A COM 961840105 683 201472 SH SOLE 201472 0 0 WET SEAL INC CL A COM 961840105 322 94927 SH OTHER 01 0 94927 0
PAGE 7 EMERALD MUTUAL FUND ADVISERS TRUST FORM 13F INFORMATION TABLE AS OF DATE: 09/30/10
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 - -------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------ WHITESTONE REIT CL B SBI COM 966084204 211 17650 SH OTHER 01 0 17650 0 WHITING PETE CORP NEW COM COM 966387102 2916 30526 SH SOLE 30526 0 0 WHITING PETE CORP NEW COM COM 966387102 1513 15840 SH OTHER 01 0 15840 0 WINTRUST FINL CORP COM COM 97650W108 848 26160 SH OTHER 01 0 26160 0 WOODWARD GOVERNOR CO COM COM 980745103 1448 44650 SH SOLE 44650 0 0 WOODWARD GOVERNOR CO COM COM 980745103 814 25110 SH OTHER 01 0 25110 0 LINE COUNT: 312
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