0001144204-12-041312.txt : 20120727
0001144204-12-041312.hdr.sgml : 20120727
20120727111441
ACCESSION NUMBER: 0001144204-12-041312
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120630
FILED AS OF DATE: 20120727
DATE AS OF CHANGE: 20120727
EFFECTIVENESS DATE: 20120727
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: 12989370
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
v319647_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: June 30, 2012
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: 3175 Oregon Pike
Leola, PA 17540
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 July 26, 2012
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: 292
FORM 13F INFORMATION TABLE VALUE TOTAL: $485,050
(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.]
NONE
PAGE 1
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3-D SYS CORP DEL COM NEW COM 88554D205 3435 100614 SH SOLE 100614 0 0
3-D SYS CORP DEL COM NEW COM 88554D205 1222 35797 SH OTHER 01 0 35797 0
ACADIA HEALTHCARE COMPANY INCO COM 00404A109 4997 284919 SH SOLE 284919 0 0
ACADIA HEALTHCARE COMPANY INCO COM 00404A109 1661 94725 SH OTHER 01 0 94725 0
ACCURAY INC COM 004397105 2107 309125 SH SOLE 309125 0 0
ACCURAY INC COM 004397105 736 107996 SH OTHER 01 0 107996 0
ACHILLION PHARMACEUTICALS INCO COM 00448Q201 2103 339194 SH SOLE 339194 0 0
ACHILLION PHARMACEUTICALS INCO COM 00448Q201 727 117188 SH OTHER 01 0 117188 0
ACME PACKET INC COM COM 004764106 894 47936 SH SOLE 47936 0 0
ACME PACKET INC COM COM 004764106 392 21008 SH OTHER 01 0 21008 0
AEROPOSTALE INC COM 007865108 3123 175179 SH SOLE 175179 0 0
AEROPOSTALE INC COM 007865108 1102 61823 SH OTHER 01 0 61823 0
AFFILIATED MANAGERS GROUP INCO COM 008252108 501 4580 SH OTHER 01 0 4580 0
AKORN INC COM COM 009728106 3439 218090 SH SOLE 218090 0 0
AKORN INC COM COM 009728106 1200 76089 SH OTHER 01 0 76089 0
ALIGN TECHNOLOGY INC COM 016255101 3909 116828 SH SOLE 116828 0 0
ALIGN TECHNOLOGY INC COM 016255101 1362 40696 SH OTHER 01 0 40696 0
ALLIED NEVADA GOLD CORP COM COM 019344100 2715 95676 SH SOLE 95676 0 0
ALLIED NEVADA GOLD CORP COM COM 019344100 950 33488 SH OTHER 01 0 33488 0
AMERICAN BUSINESS BK LA CALICO COM 02475L105 541 20620 SH OTHER 01 0 20620 0
AMERICAN CAMPUS CMNTYS INC COM COM 024835100 372 8270 SH OTHER 01 0 8270 0
AMTRUST FINANCIAL SERVICES ICO COM 032359309 365 12280 SH OTHER 01 0 12280 0
APOGEE ENTERPRISES INC COM COM 037598109 1392 86590 SH SOLE 86590 0 0
APOGEE ENTERPRISES INC COM COM 037598109 504 31356 SH OTHER 01 0 31356 0
ARES COMMERCIAL REAL ESTATE COM 04013V108 699 40000 SH OTHER 01 0 40000 0
ARUBA NETWORKS INC COM COM 043176106 3986 264855 SH SOLE 264855 0 0
ARUBA NETWORKS INC COM COM 043176106 1495 99307 SH OTHER 01 0 99307 0
AXIS CAPITAL HOLDINGS SHS COM G0692U109 223 6840 SH OTHER 01 0 6840 0
BANCORP INC DEL COM COM 05969A105 345 36630 SH OTHER 01 0 36630 0
BANK OF MARIN BANCORP COM COM 063425102 696 18806 SH OTHER 01 0 18806 0
BANK OF THE OZARKS INC COM COM 063904106 5718 190092 SH SOLE 190092 0 0
BANK OF THE OZARKS INC COM COM 063904106 3547 117920 SH OTHER 01 0 117920 0
BANKRATE INC COM 06647F102 314 17050 SH OTHER 01 0 17050 0
BAZAARVOICE INC COM 073271108 1882 103383 SH SOLE 103383 0 0
BAZAARVOICE INC COM 073271108 643 35330 SH OTHER 01 0 35330 0
BJ'S RESTAURANT INC COM 09180C106 3658 96268 SH SOLE 96268 0 0
BJ'S RESTAURANT INC COM 09180C106 1289 33909 SH OTHER 01 0 33909 0
BLACK DIAMOND INC COM 09202G101 2151 227612 SH SOLE 227612 0 0
BLACK DIAMOND INC COM 09202G101 725 76722 SH OTHER 01 0 76722 0
BODY CENTRAL CORP COM 09689U102 1682 186845 SH SOLE 186845 0 0
BODY CENTRAL CORP COM 09689U102 606 67289 SH OTHER 01 0 67289 0
BRAVO BRIO RESTAURANT GROUP COM 10567B109 3107 174276 SH SOLE 174276 0 0
BRAVO BRIO RESTAURANT GROUP COM 10567B109 1083 60716 SH OTHER 01 0 60716 0
BRIGHTCOVE COM 10921T101 1077 70321 SH SOLE 70321 0 0
BRIGHTCOVE COM 10921T101 398 26017 SH OTHER 01 0 26017 0
BRYN MAWR BK CORP COM COM 117665109 257 12180 SH OTHER 01 0 12180 0
CALIFORNIA UTD BK ENCINO CA CO COM 130781107 811 77229 SH OTHER 01 0 77229 0
CAMPUS CREST CMNTYS INC COM COM 13466Y105 205 19733 SH OTHER 01 0 19733 0
CAPITOL FEDERAL FINANCIAL COM 14057J101 359 30225 SH OTHER 01 0 30225 0
CARDINAL FINL CORP COM COM 14149F109 737 60020 SH OTHER 01 0 60020 0
CARMIKE CINEMAS INC COM COM 143436400 1715 117034 SH SOLE 117034 0 0
PAGE 2
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
CARMIKE CINEMAS INC COM COM 143436400 606 41348 SH OTHER 01 0 41348 0
CAROLINA TR BK LINCOLNTON NCCO COM 144200102 120 40000 SH OTHER 01 0 40000 0
CARPENTER TECHNOLOGY CORP COM COM 144285103 2386 49880 SH SOLE 49880 0 0
CARPENTER TECHNOLOGY CORP COM COM 144285103 836 17480 SH OTHER 01 0 17480 0
CASS INFORMATION SYS INC COM COM 14808P109 923 22931 SH OTHER 01 0 22931 0
CATALYST HEALTH SOLUTIONS INC COM 14888B103 5875 62874 SH SOLE 62874 0 0
CATALYST HEALTH SOLUTIONS INC COM 14888B103 1860 19905 SH OTHER 01 0 19905 0
CAVIUM INC COM COM 14964U108 3708 132412 SH SOLE 132412 0 0
CAVIUM INC COM COM 14964U108 1191 42526 SH OTHER 01 0 42526 0
CENTER BANCORP INC COM COM 151408101 199 17704 SH OTHER 01 0 17704 0
CENTRAL VALLEY CMNTY BANCORPCO COM 155685100 218 31580 SH OTHER 01 0 31580 0
CEPHEID COM COM 15670R107 2657 59516 SH SOLE 59516 0 0
CEPHEID COM COM 15670R107 929 20802 SH OTHER 01 0 20802 0
CHART INDS INC COM PAR $0.01 COM 16115Q308 3505 50970 SH SOLE 50970 0 0
CHART INDS INC COM PAR $0.01 COM 16115Q308 1389 20195 SH OTHER 01 0 20195 0
CHENIERE ENERGY INC COM NEW COM 16411R208 1975 133992 SH SOLE 133992 0 0
CHENIERE ENERGY INC COM NEW COM 16411R208 701 47558 SH OTHER 01 0 47558 0
CHEVIOT FINANCIAL CORP NEW COM COM 16677X105 128 15000 SH OTHER 01 0 15000 0
CITIZENS FINL SVCS INC COM COM 174615104 284 7211 SH OTHER 01 0 7211 0
CITIZENS REPUBLIC BANCORP INC COM 174420307 233 13600 SH OTHER 01 0 13600 0
COBIZ INC COM COM 190897108 376 60000 SH OTHER 01 0 60000 0
COMMUNITY BK SYS INC COM COM 203607106 212 7800 SH OTHER 01 0 7800 0
CROCS INC COM COM 227046109 3966 245582 SH SOLE 245582 0 0
CROCS INC COM COM 227046109 1419 87891 SH OTHER 01 0 87891 0
DUSA PHARMACEUTICALS INC COM COM 266898105 1606 307596 SH SOLE 307596 0 0
DUSA PHARMACEUTICALS INC COM COM 266898105 592 113480 SH OTHER 01 0 113480 0
EAGLE BANCORP INC MD COM COM 268948106 780 49542 SH OTHER 01 0 49542 0
EAST WEST BANCORP INC COM COM 27579R104 644 27440 SH OTHER 01 0 27440 0
ENTERPRISE FINL SVCS CORP COM COM 293712105 124 11356 SH OTHER 01 0 11356 0
EVANS BANCORP INC COM NEW COM 29911Q208 232 14050 SH OTHER 01 0 14050 0
EXACTTARGET INC COM 30064K105 1483 67831 SH SOLE 67831 0 0
EXACTTARGET INC COM 30064K105 562 25697 SH OTHER 01 0 25697 0
FARMERS NATL BANC CORP COM COM 309627107 522 83760 SH OTHER 01 0 83760 0
FARO TECHNOLOGIES INC COM COM 311642102 7457 177205 SH SOLE 177205 0 0
FARO TECHNOLOGIES INC COM COM 311642102 2695 64043 SH OTHER 01 0 64043 0
FIFTH & PACIFIC COMPANIES INC COM 316645100 2423 225800 SH SOLE 225800 0 0
FIFTH & PACIFIC COMPANIES INC COM 316645100 834 77720 SH OTHER 01 0 77720 0
FINANCIAL ENGINES INC COM COM 317485100 962 44836 SH SOLE 44836 0 0
FINANCIAL ENGINES INC COM COM 317485100 387 18032 SH OTHER 01 0 18032 0
FINANCIAL INSTNS INC COM COM 317585404 311 18400 SH OTHER 01 0 18400 0
FINISAR CORP COM COM 31787A507 1735 116000 SH SOLE 116000 0 0
FINISAR CORP COM COM 31787A507 611 40860 SH OTHER 01 0 40860 0
FINISH LINE INC CL A COM 317923100 925 44226 SH SOLE 44226 0 0
FINISH LINE INC CL A COM 317923100 326 15578 SH OTHER 01 0 15578 0
FIRST CALIFORNIA FINANCIAL GCO COM 319395109 382 55492 SH OTHER 01 0 55492 0
FIRST CTZNS BANCSHARES NC CL A COM 31946M103 562 3371 SH OTHER 01 0 3371 0
FIRST FINL BANCORP COM COM 320209109 461 28866 SH OTHER 01 0 28866 0
FIRST FINL BANCSHARES INC COM COM 32020R109 731 21150 SH OTHER 01 0 21150 0
FIRST LONG IS CORP COM COM 320734106 875 30190 SH OTHER 01 0 30190 0
FLUSHING FINL CORP COM COM 343873105 170 12500 SH OTHER 01 0 12500 0
FORTINET INC COM 34959E109 4615 198750 SH SOLE 198750 0 0
PAGE 3
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
FORTINET INC COM 34959E109 1646 70870 SH OTHER 01 0 70870 0
FORUM ENERGY TECHNOLOGIES INC COM 34984V100 1009 51239 SH SOLE 51239 0 0
FORUM ENERGY TECHNOLOGIES INC COM 34984V100 354 17981 SH OTHER 01 0 17981 0
FRANCESCAS HLDGS CORP COM COM 351793104 5092 188540 SH SOLE 188540 0 0
FRANCESCAS HLDGS CORP COM COM 351793104 1657 61359 SH OTHER 01 0 61359 0
GEVO INC COM 374396109 631 126894 SH SOLE 126894 0 0
GEVO INC COM 374396109 229 46064 SH OTHER 01 0 46064 0
GLACIER BANCORP INC NEW COM COM 37637Q105 177 11480 SH OTHER 01 0 11480 0
GNC HOLDINGS INC COM 36191G107 4394 112092 SH SOLE 112092 0 0
GNC HOLDINGS INC COM 36191G107 1566 39945 SH OTHER 01 0 39945 0
GREATBATCH INC COM COM 39153L106 2817 124031 SH SOLE 124031 0 0
GREATBATCH INC COM COM 39153L106 919 40450 SH OTHER 01 0 40450 0
GUARANTY BANCORP DEL COM COM 40075T102 183 87530 SH OTHER 01 0 87530 0
GULFPORT ENERGY CORP COM NEW COM 402635304 2285 110740 SH SOLE 110740 0 0
GULFPORT ENERGY CORP COM NEW COM 402635304 803 38935 SH OTHER 01 0 38935 0
HANCOCK HLDG CO COM COM 410120109 348 11416 SH OTHER 01 0 11416 0
HERCULES OFFSHORE INC COM COM 427093109 1823 515080 SH SOLE 515080 0 0
HERCULES OFFSHORE INC COM COM 427093109 636 179781 SH OTHER 01 0 179781 0
HERITAGE FINL CORP WASH COM COM 42722X106 367 25050 SH OTHER 01 0 25050 0
HERITAGE OAKS BANCORP COM COM 42724R107 378 67860 SH OTHER 01 0 67860 0
HERSHA HOSPITALITY TR PRIORITY COM 427825104 112 21255 SH OTHER 01 0 21255 0
HIBBETT SPORTS INC COM COM 428567101 6595 114280 SH SOLE 114280 0 0
HIBBETT SPORTS INC COM COM 428567101 2257 39114 SH OTHER 01 0 39114 0
HOME BANCSHARES INC COM COM 436893200 402 13160 SH OTHER 01 0 13160 0
HOPFED BANCORP INC COM COM 439734104 115 16003 SH OTHER 01 0 16003 0
HORIZON BANCORP IND COM COM 440407104 1194 45399 SH OTHER 01 0 45399 0
HORNBECK OFFSHORE SVCS INC NCO COM 440543106 2170 55950 SH SOLE 55950 0 0
HORNBECK OFFSHORE SVCS INC NCO COM 440543106 741 19120 SH OTHER 01 0 19120 0
HOVNANIAN ENTERPRISES INC CL A COM 442487203 3791 1307203 SH SOLE 1307203 0 0
HOVNANIAN ENTERPRISES INC CL A COM 442487203 1305 450167 SH OTHER 01 0 450167 0
IDENIX PHARMACEUTICALS INC COM COM 45166R204 827 80420 SH SOLE 80420 0 0
IDENIX PHARMACEUTICALS INC COM COM 45166R204 290 28190 SH OTHER 01 0 28190 0
II-VI INC COM COM 902104108 2175 130482 SH SOLE 130482 0 0
II-VI INC COM COM 902104108 765 45920 SH OTHER 01 0 45920 0
INCYTE PHARMACEUTICALS INC COM COM 45337C102 4387 193280 SH SOLE 193280 0 0
INCYTE PHARMACEUTICALS INC COM COM 45337C102 1555 68490 SH OTHER 01 0 68490 0
INDEPENDENT BK CORP MASS COM COM 453836108 489 16750 SH OTHER 01 0 16750 0
INFOBLOX INC COM 45672H104 1613 70345 SH SOLE 70345 0 0
INFOBLOX INC COM 45672H104 543 23668 SH OTHER 01 0 23668 0
INPHI CORP COM COM 45772F107 1163 122720 SH SOLE 122720 0 0
INPHI CORP COM COM 45772F107 353 37235 SH OTHER 01 0 37235 0
INTEGRATED DEVICE TECH INC COM COM 458118106 1892 336674 SH SOLE 336674 0 0
INTEGRATED DEVICE TECH INC COM COM 458118106 667 118688 SH OTHER 01 0 118688 0
INVESTORS BANCORP INC COM COM 46146P102 430 28473 SH OTHER 01 0 28473 0
IPC THE HOSPITALIST CO INC COM COM 44984A105 4274 94312 SH SOLE 94312 0 0
IPC THE HOSPITALIST CO INC COM COM 44984A105 1497 33036 SH OTHER 01 0 33036 0
IPG PHOTONICS CORP COM 44980X109 5158 118337 SH SOLE 118337 0 0
IPG PHOTONICS CORP COM 44980X109 1840 42219 SH OTHER 01 0 42219 0
IXIA COM COM 45071R109 2290 190521 SH SOLE 190521 0 0
IXIA COM COM 45071R109 790 65747 SH OTHER 01 0 65747 0
JAZZ PHARMACEUTICALS PLC SHS COM G50871105 3744 83190 SH SOLE 83190 0 0
PAGE 4
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
JAZZ PHARMACEUTICALS PLC SHS COM G50871105 1342 29810 SH OTHER 01 0 29810 0
JIVE SOFTWARE INC COM 47760A108 2165 103137 SH SOLE 103137 0 0
JIVE SOFTWARE INC COM 47760A108 788 37539 SH OTHER 01 0 37539 0
KENEXA CORP COM COM 488879107 2630 90582 SH SOLE 90582 0 0
KENEXA CORP COM COM 488879107 925 31870 SH OTHER 01 0 31870 0
LAKELAND BANCORP INC COM COM 511637100 123 11670 SH OTHER 01 0 11670 0
LAKELAND FINL CORP COM COM 511656100 780 29063 SH OTHER 01 0 29063 0
LINDSAY MFG CO COM COM 535555106 3551 54720 SH SOLE 54720 0 0
LINDSAY MFG CO COM COM 535555106 1257 19370 SH OTHER 01 0 19370 0
MAGNUM HUNTER RES CORP DEL COM COM 55973B102 4057 970665 SH SOLE 970665 0 0
MAGNUM HUNTER RES CORP DEL COM COM 55973B102 1423 340544 SH OTHER 01 0 340544 0
MARTHA STEWART LIVING OMNIMECL COM 573083102 406 119266 SH SOLE 119266 0 0
MARTHA STEWART LIVING OMNIMECL COM 573083102 142 41844 SH OTHER 01 0 41844 0
MATTRESS FIRM HOLDING CORP COM 57722W106 3116 102808 SH SOLE 102808 0 0
MATTRESS FIRM HOLDING CORP COM 57722W106 1076 35502 SH OTHER 01 0 35502 0
MEDIVATION INC COM COM 58501N101 5221 57128 SH SOLE 57128 0 0
MEDIVATION INC COM COM 58501N101 1822 19938 SH OTHER 01 0 19938 0
MICROSEMI CORP COM COM 595137100 2371 128251 SH SOLE 128251 0 0
MICROSEMI CORP COM COM 595137100 872 47155 SH OTHER 01 0 47155 0
MIDDLEBY CORP COM COM 596278101 5215 52354 SH SOLE 52354 0 0
MIDDLEBY CORP COM COM 596278101 1840 18472 SH OTHER 01 0 18472 0
MIDSOUTH BANCORP INC COM COM 598039105 266 18885 SH OTHER 01 0 18885 0
MID-AMER APT CMNTYS INC COM COM 59522J103 226 3310 SH OTHER 01 0 3310 0
MONOLITHIC PWR SYS INC COM COM 609839105 3208 161628 SH SOLE 161628 0 0
MONOLITHIC PWR SYS INC COM COM 609839105 1203 60604 SH OTHER 01 0 60604 0
MWI VETERINARY SUPPLY INC COM COM 55402X105 11965 116425 SH SOLE 116425 0 0
MWI VETERINARY SUPPLY INC COM COM 55402X105 3957 38507 SH OTHER 01 0 38507 0
NANOMETRICS INC COM COM 630077105 766 49889 SH SOLE 49889 0 0
NANOMETRICS INC COM COM 630077105 265 17263 SH OTHER 01 0 17263 0
NATIONAL RETAIL PROPERTIES INC COM 637417106 302 10670 SH OTHER 01 0 10670 0
NEONODE INC COM NEW COM 64051M402 1801 292900 SH SOLE 292900 0 0
NEONODE INC COM NEW COM 64051M402 625 101550 SH OTHER 01 0 101550 0
NORTHEAST BANCORP COM NEW COM 663904209 254 30000 SH OTHER 01 0 30000 0
NPS PHARMACEUTICALS INC COM COM 62936P103 3934 456935 SH SOLE 456935 0 0
NPS PHARMACEUTICALS INC COM COM 62936P103 1419 164831 SH OTHER 01 0 164831 0
OLD NATL BANCORP IND COM COM 680033107 240 19950 SH OTHER 01 0 19950 0
ORRSTOWN FINL SVCS INC COM COM 687380105 84 10492 SH OTHER 01 0 10492 0
PACIFIC PREMIER BANCORP COM COM 69478X105 327 38910 SH OTHER 01 0 38910 0
PAR PHARMACEUTICAL COS INC COM COM 69888P106 4104 113545 SH SOLE 113545 0 0
PAR PHARMACEUTICAL COS INC COM COM 69888P106 1447 40045 SH OTHER 01 0 40045 0
PEOPLES BANCORP INC OHIO COM COM 709789101 330 15000 SH OTHER 01 0 15000 0
PHOTOMEDEX INC COM 719358301 565 46540 SH SOLE 46540 0 0
PHOTOMEDEX INC COM 719358301 193 15880 SH OTHER 01 0 15880 0
PINNACLE FINL PARTNERS INC COM COM 72346Q104 321 16460 SH OTHER 01 0 16460 0
PRIVATEBANCORP INC COM COM 742962103 230 15550 SH OTHER 01 0 15550 0
PROSPERITY BANCSHARES INC COM COM 743606105 709 16870 SH OTHER 01 0 16870 0
PROVIDENT NEW YORK BANCORP COM 744028101 128 16830 SH OTHER 01 0 16830 0
QLIK TECHNOLOGIES INC COM 74733T105 3350 151453 SH SOLE 151453 0 0
QLIK TECHNOLOGIES INC COM 74733T105 1196 54060 SH OTHER 01 0 54060 0
RAVEN INDS INC COM COM 754212108 4895 140676 SH SOLE 140676 0 0
RAVEN INDS INC COM COM 754212108 1457 41880 SH OTHER 01 0 41880 0
PAGE 5
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
RED ROBIN GOURMET BURGERS INCO COM 75689M101 2396 78532 SH SOLE 78532 0 0
RED ROBIN GOURMET BURGERS INCO COM 75689M101 694 22758 SH OTHER 01 0 22758 0
REX ENERGY CORPORATION COM COM 761565100 2300 205173 SH SOLE 205173 0 0
REX ENERGY CORPORATION COM COM 761565100 763 68082 SH OTHER 01 0 68082 0
REXNORD HOLDINGS INC COM 76169B102 949 47379 SH SOLE 47379 0 0
REXNORD HOLDINGS INC COM 76169B102 322 16080 SH OTHER 01 0 16080 0
ROADRUNNER TRNSN SVCS HLDG ICO COM 76973Q105 3277 194019 SH SOLE 194019 0 0
ROADRUNNER TRNSN SVCS HLDG ICO COM 76973Q105 1137 67296 SH OTHER 01 0 67296 0
ROBBINS & MYERS INC COM COM 770196103 479 11458 SH SOLE 11458 0 0
ROBBINS & MYERS INC COM COM 770196103 169 4034 SH OTHER 01 0 4034 0
RUSH ENTERPISES INC CL A COM 781846209 1581 96689 SH SOLE 96689 0 0
RUSH ENTERPISES INC CL A COM 781846209 561 34339 SH OTHER 01 0 34339 0
SABA SOFTWARE COM 784932600 2486 267898 SH SOLE 267898 0 0
SABA SOFTWARE COM 784932600 749 80743 SH OTHER 01 0 80743 0
SAGENT PHARMACEUTICALS INC COM 786692103 3596 198897 SH SOLE 198897 0 0
SAGENT PHARMACEUTICALS INC COM 786692103 1256 69474 SH OTHER 01 0 69474 0
SALIX PHARMACEUTICALS LTD COM COM 795435106 4161 76431 SH SOLE 76431 0 0
SALIX PHARMACEUTICALS LTD COM COM 795435106 1479 27161 SH OTHER 01 0 27161 0
SANDY SPRING BANCORP INC CMT-C COM 800363103 197 10943 SH OTHER 01 0 10943 0
SELECT COMFORT CORP OC-CAP STK COM 81616X103 2191 104710 SH SOLE 104710 0 0
SELECT COMFORT CORP OC-CAP STK COM 81616X103 779 37230 SH OTHER 01 0 37230 0
SEQUENOM INC COM NEW COM 817337405 1962 483303 SH SOLE 483303 0 0
SEQUENOM INC COM NEW COM 817337405 618 152310 SH OTHER 01 0 152310 0
SHUFFLE MASTER INC COM COM 825549108 5477 396875 SH SOLE 396875 0 0
SHUFFLE MASTER INC COM COM 825549108 1898 137547 SH OTHER 01 0 137547 0
SIGNATURE BK NEW YORK N Y COM COM 82669G104 4078 66886 SH SOLE 66886 0 0
SIGNATURE BK NEW YORK N Y COM COM 82669G104 2821 46273 SH OTHER 01 0 46273 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 1576 173991 SH SOLE 173991 0 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 533 58843 SH OTHER 01 0 58843 0
SKULLCANDY INC COM 83083J104 1795 126844 SH SOLE 126844 0 0
SKULLCANDY INC COM 83083J104 631 44597 SH OTHER 01 0 44597 0
SOURCEFIRE INC COM COM 83616T108 5381 104684 SH SOLE 104684 0 0
SOURCEFIRE INC COM COM 83616T108 1982 38553 SH OTHER 01 0 38553 0
SOUTHERN NATL BANCORP OF VA CO COM 843395104 236 31188 SH OTHER 01 0 31188 0
SPIRIT AIRLS INC COM COM 848577102 3298 169501 SH SOLE 169501 0 0
SPIRIT AIRLS INC COM COM 848577102 1145 58847 SH OTHER 01 0 58847 0
SUSQUEHANNA BANCSHARES INC COM COM 869099101 421 40926 SH OTHER 01 0 40926 0
SVB FINL GROUP COM COM 78486Q101 4028 68603 SH SOLE 68603 0 0
SVB FINL GROUP COM COM 78486Q101 2111 35945 SH OTHER 01 0 35945 0
SYNCHRONOSS TECHNOLOGIES INCCO COM 87157B103 2404 130156 SH SOLE 130156 0 0
SYNCHRONOSS TECHNOLOGIES INCCO COM 87157B103 812 43970 SH OTHER 01 0 43970 0
TANGER FACTORY OUTLET CTRS COM COM 875465106 1215 37920 SH SOLE 37920 0 0
TANGER FACTORY OUTLET CTRS COM COM 875465106 642 20020 SH OTHER 01 0 20020 0
TEAVANA HOLDINGS INC COM 87819P102 1108 81870 SH SOLE 81870 0 0
TEAVANA HOLDINGS INC COM 87819P102 393 29050 SH OTHER 01 0 29050 0
TECHE HLDG CO COM COM 878330109 798 20400 SH OTHER 01 0 20400 0
TENNECO AUTOMOTIVE INC COM COM 880349105 1722 64216 SH SOLE 64216 0 0
TENNECO AUTOMOTIVE INC COM COM 880349105 606 22580 SH OTHER 01 0 22580 0
TEREX CORP NEW COM COM 880779103 3473 194780 SH SOLE 194780 0 0
TEREX CORP NEW COM COM 880779103 1232 69110 SH OTHER 01 0 69110 0
TERRITORIAL BANCORP INC COM COM 88145X108 201 8830 SH OTHER 01 0 8830 0
PAGE 6
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 4917 121734 SH SOLE 121734 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 3246 80369 SH OTHER 01 0 80369 0
TEXAS ROADHOUSE INC CL A COM 882681109 3697 200964 SH SOLE 200964 0 0
TEXAS ROADHOUSE INC CL A COM 882681109 1272 69127 SH OTHER 01 0 69127 0
TILLY'S INC-CLASS A SHRS COM 886885102 1866 116242 SH SOLE 116242 0 0
TILLY'S INC-CLASS A SHRS COM 886885102 652 40592 SH OTHER 01 0 40592 0
TOMPKINS TRUSTCO INC COM COM 890110109 321 8520 SH OTHER 01 0 8520 0
TRIUMPH GROUP INC NEW COM COM 896818101 6129 108922 SH SOLE 108922 0 0
TRIUMPH GROUP INC NEW COM COM 896818101 2107 37436 SH OTHER 01 0 37436 0
ULTA SALON COSMETICS & FRAGR COM 90384S303 6814 72970 SH SOLE 72970 0 0
ULTA SALON COSMETICS & FRAGR COM 90384S303 2392 25611 SH OTHER 01 0 25611 0
ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 7760 87263 SH SOLE 87263 0 0
ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 2707 30443 SH OTHER 01 0 30443 0
UMB FINL CORP COM COM 902788108 244 4760 SH OTHER 01 0 4760 0
UNITED RENTALS INC COM COM 911363109 2996 88002 SH SOLE 88002 0 0
UNITED RENTALS INC COM COM 911363109 1067 31354 SH OTHER 01 0 31354 0
URSTADT BIDDLE PPTYS INC CL A COM 917286205 438 22180 SH OTHER 01 0 22180 0
VERASTEM INC COM 92337C104 799 82432 SH SOLE 82432 0 0
VERASTEM INC COM 92337C104 363 37482 SH OTHER 01 0 37482 0
VIEWPOINT FINL GROUP INC MD CO COM 92672A101 572 36593 SH OTHER 01 0 36593 0
VIRGINIA COMM BANCORP INC COM COM 92778Q109 183 21740 SH OTHER 01 0 21740 0
VITAMIN SHOPPE INC COM COM 92849E101 4242 77224 SH SOLE 77224 0 0
VITAMIN SHOPPE INC COM COM 92849E101 1515 27585 SH OTHER 01 0 27585 0
VIVUS INC COM COM 928551100 2297 80498 SH SOLE 80498 0 0
VIVUS INC COM COM 928551100 807 28260 SH OTHER 01 0 28260 0
WALKER & DUNLOP INC COM 93148P102 2617 203692 SH SOLE 203692 0 0
WALKER & DUNLOP INC COM 93148P102 1442 112210 SH OTHER 01 0 112210 0
WASHINGTON BKG CO OAK HBR WACO COM 937303105 396 28463 SH OTHER 01 0 28463 0
WESCO INTL INC COM COM 95082P105 5598 97280 SH SOLE 97280 0 0
WESCO INTL INC COM COM 95082P105 1877 32610 SH OTHER 01 0 32610 0
WESTERN ALLIANCE BANCORP COM 957638109 547 58387 SH OTHER 01 0 58387 0
WET SEAL INC CL A COM 961840105 904 286636 SH SOLE 286636 0 0
WET SEAL INC CL A COM 961840105 228 72364 SH OTHER 01 0 72364 0
WHITESTONE REIT CL B SBI COM 966084204 675 50000 SH OTHER 01 0 50000 0
WINTRUST FINL CORP COM COM 97650W108 640 18020 SH OTHER 01 0 18020 0
ZAGG INC COM COM 98884U108 2319 212602 SH SOLE 212602 0 0
ZAGG INC COM COM 98884U108 798 73144 SH OTHER 01 0 73144 0
LINE COUNT: 292