0001144204-13-003562.txt : 20130123
0001144204-13-003562.hdr.sgml : 20130123
20130123105513
ACCESSION NUMBER: 0001144204-13-003562
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130123
DATE AS OF CHANGE: 20130123
EFFECTIVENESS DATE: 20130123
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: 13541893
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
v332793_13fhr.txt
QUARTERLY HOLDIONGS REPORT
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, 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:
/s/ Kenneth G. Mertz II Lancaster, Pennsylvania January 23, 2013
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: 291
FORM 13F INFORMATION TABLE VALUE TOTAL: $487,429
(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: 12/31/12
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 1297 24314 SH SOLE 24314 0 0
3-D SYS CORP DEL COM NEW COM 88554D205 373 6987 SH OTHER 01 0 6987 0
ABAXIS INC COM COM 002567105 2286 61612 SH SOLE 61612 0 0
ABAXIS INC COM COM 002567105 613 16533 SH OTHER 01 0 16533 0
ACADIA HEALTHCARE COMPANY INCO COM 00404A109 6145 263189 SH SOLE 263189 0 0
ACADIA HEALTHCARE COMPANY INCO COM 00404A109 2191 93835 SH OTHER 01 0 93835 0
ACCESS NATL CORP COM COM 004337101 495 38089 SH OTHER 01 0 38089 0
ACHILLION PHARMACEUTICALS INCO COM 00448Q201 1935 241551 SH SOLE 241551 0 0
ACHILLION PHARMACEUTICALS INCO COM 00448Q201 676 84447 SH OTHER 01 0 84447 0
AKORN INC COM COM 009728106 5239 392109 SH SOLE 392109 0 0
AKORN INC COM COM 009728106 2671 199931 SH OTHER 01 0 199931 0
ALLIED NEVADA GOLD CORP COM COM 019344100 2669 88586 SH SOLE 88586 0 0
ALLIED NEVADA GOLD CORP COM COM 019344100 1009 33488 SH OTHER 01 0 33488 0
ALNYLAM PHARMACEUTICALS INC CO COM 02043Q107 3421 187474 SH SOLE 187474 0 0
ALNYLAM PHARMACEUTICALS INC CO COM 02043Q107 1091 59790 SH OTHER 01 0 59790 0
AMERICAN BUSINESS BK LA CALICO COM 02475L105 613 23120 SH OTHER 01 0 23120 0
AMERICAN CAMPUS CMNTYS INC COM COM 024835100 218 4730 SH OTHER 01 0 4730 0
AMTRUST FINANCIAL SERVICES ICO COM 032359309 388 13508 SH OTHER 01 0 13508 0
ANACOR PHARMACEUTICALS INC COM COM 032420101 683 131378 SH SOLE 131378 0 0
ANACOR PHARMACEUTICALS INC COM COM 032420101 238 45846 SH OTHER 01 0 45846 0
APOGEE ENTERPRISES INC COM COM 037598109 2661 111000 SH SOLE 111000 0 0
APOGEE ENTERPRISES INC COM COM 037598109 1005 41916 SH OTHER 01 0 41916 0
ARUBA NETWORKS INC COM COM 043176106 5480 264225 SH SOLE 264225 0 0
ARUBA NETWORKS INC COM COM 043176106 2060 99307 SH OTHER 01 0 99307 0
AXIS CAPITAL HOLDINGS SHS COM G0692U109 237 6840 SH OTHER 01 0 6840 0
BANK OF THE OZARKS INC COM COM 063904106 5812 173654 SH SOLE 173654 0 0
BANK OF THE OZARKS INC COM COM 063904106 4072 121660 SH OTHER 01 0 121660 0
BIOSCRIPT INC COM COM 09069N108 3743 347576 SH SOLE 347576 0 0
BIOSCRIPT INC COM COM 09069N108 1327 123220 SH OTHER 01 0 123220 0
BJ'S RESTAURANT INC COM 09180C106 3018 91728 SH SOLE 91728 0 0
BJ'S RESTAURANT INC COM 09180C106 1116 33909 SH OTHER 01 0 33909 0
BLACK DIAMOND INC COM 09202G101 1949 237730 SH SOLE 237730 0 0
BLACK DIAMOND INC COM 09202G101 699 85256 SH OTHER 01 0 85256 0
BODY CENTRAL CORP COM 09689U102 1917 192081 SH SOLE 192081 0 0
BODY CENTRAL CORP COM 09689U102 682 68347 SH OTHER 01 0 68347 0
BOFI HLDG INC COM COM 05566U108 600 21560 SH OTHER 01 0 21560 0
BRAVO BRIO RESTAURANT GROUP COM 10567B109 1918 142800 SH SOLE 142800 0 0
BRIDGE BANCORP INC COM COM 108035106 580 28500 SH OTHER 01 0 28500 0
BRIGHTCOVE COM 10921T101 2437 269572 SH SOLE 269572 0 0
BRIGHTCOVE COM 10921T101 911 100747 SH OTHER 01 0 100747 0
BRYN MAWR BK CORP COM COM 117665109 407 18290 SH OTHER 01 0 18290 0
CAMPUS CREST CMNTYS INC COM COM 13466Y105 637 51963 SH OTHER 01 0 51963 0
CAPITOL FEDERAL FINANCIAL COM 14057J101 587 50225 SH OTHER 01 0 50225 0
CARDINAL FINL CORP COM COM 14149F109 1129 69241 SH SOLE 69241 0 0
CARDINAL FINL CORP COM COM 14149F109 1456 89304 SH OTHER 01 0 89304 0
CARMIKE CINEMAS INC COM COM 143436400 1195 79694 SH SOLE 79694 0 0
CARMIKE CINEMAS INC COM COM 143436400 601 40038 SH OTHER 01 0 40038 0
CAROLINA TR BK LINCOLNTON NCCO COM 144200102 70 30000 SH OTHER 01 0 30000 0
CASS INFORMATION SYS INC COM COM 14808P109 748 17722 SH OTHER 01 0 17722 0
CAVIUM INC COM COM 14964U108 3299 105702 SH SOLE 105702 0 0
CAVIUM INC COM COM 14964U108 1158 37106 SH OTHER 01 0 37106 0
PAGE 2
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
CENTER BANCORP INC COM COM 151408101 205 17704 SH OTHER 01 0 17704 0
CENTRAL VALLEY CMNTY BANCORPCO COM 155685100 268 34580 SH OTHER 01 0 34580 0
CEPHEID COM COM 15670R107 3941 116393 SH SOLE 116393 0 0
CEPHEID COM COM 15670R107 1392 41125 SH OTHER 01 0 41125 0
CHART INDS INC COM PAR $0.01 COM 16115Q308 3797 56940 SH SOLE 56940 0 0
CHART INDS INC COM PAR $0.01 COM 16115Q308 1347 20195 SH OTHER 01 0 20195 0
CHENIERE ENERGY INC COM NEW COM 16411R208 946 50370 SH SOLE 50370 0 0
CHENIERE ENERGY INC COM NEW COM 16411R208 632 33638 SH OTHER 01 0 33638 0
CHUY'S HOLDINGS INC COM 171604101 847 37909 SH SOLE 37909 0 0
CHUY'S HOLDINGS INC COM 171604101 298 13358 SH OTHER 01 0 13358 0
CITIZENS FINL SVCS INC COM COM 174615104 310 7211 SH OTHER 01 0 7211 0
COBIZ INC COM COM 190897108 2373 317707 SH SOLE 317707 0 0
COBIZ INC COM COM 190897108 1566 209584 SH OTHER 01 0 209584 0
CONCEPTUS INC COM COM 206016107 1516 72175 SH SOLE 72175 0 0
CONCEPTUS INC COM COM 206016107 587 27965 SH OTHER 01 0 27965 0
CROCS INC COM COM 227046109 1419 98605 SH SOLE 98605 0 0
CROCS INC COM COM 227046109 252 17521 SH OTHER 01 0 17521 0
CU BANCORP CALIF COM COM 126534106 904 77229 SH OTHER 01 0 77229 0
CUBESMART COM COM 229663109 309 21230 SH OTHER 01 0 21230 0
DIAMONDBACK ENERGY INC COM 25278X109 1911 99922 SH SOLE 99922 0 0
DIAMONDBACK ENERGY INC COM 25278X109 607 31762 SH OTHER 01 0 31762 0
EAGLE BANCORP INC MD COM COM 268948106 1069 53546 SH OTHER 01 0 53546 0
EAST WEST BANCORP INC COM COM 27579R104 425 19760 SH OTHER 01 0 19760 0
ENTERPRISE FINL SVCS CORP COM COM 293712105 148 11356 SH OTHER 01 0 11356 0
EVANS BANCORP INC COM NEW COM 29911Q208 218 14050 SH OTHER 01 0 14050 0
EVERBANK FINL CORP COM COM 29977G102 904 60640 SH OTHER 01 0 60640 0
EXACT SCIENCES CORP COM COM 30063P105 1686 159236 SH SOLE 159236 0 0
EXACT SCIENCES CORP COM COM 30063P105 720 68022 SH OTHER 01 0 68022 0
EXACTTARGET INC COM 30064K105 4628 231405 SH SOLE 231405 0 0
EXACTTARGET INC COM 30064K105 1669 83433 SH OTHER 01 0 83433 0
FARMERS NATL BANC CORP COM COM 309627107 573 92427 SH OTHER 01 0 92427 0
FARO TECHNOLOGIES INC COM COM 311642102 5103 143010 SH SOLE 143010 0 0
FARO TECHNOLOGIES INC COM COM 311642102 1848 51807 SH OTHER 01 0 51807 0
FEMALE HEALTH CO COM COM 314462102 827 115198 SH SOLE 115198 0 0
FEMALE HEALTH CO COM COM 314462102 300 41752 SH OTHER 01 0 41752 0
FIFTH & PACIFIC COMPANIES INC COM 316645100 3234 259750 SH SOLE 259750 0 0
FIFTH & PACIFIC COMPANIES INC COM 316645100 1162 93300 SH OTHER 01 0 93300 0
FINANCIAL ENGINES INC COM COM 317485100 693 24987 SH SOLE 24987 0 0
FINANCIAL ENGINES INC COM COM 317485100 358 12912 SH OTHER 01 0 12912 0
FINISAR CORP COM COM 31787A507 1235 75825 SH SOLE 75825 0 0
FINISAR CORP COM COM 31787A507 406 24945 SH OTHER 01 0 24945 0
FIRST BUS FINL SVCS INC WIS CO COM 319390100 454 19765 SH OTHER 01 0 19765 0
FIRST CALIFORNIA FINANCIAL GCO COM 319395109 184 23792 SH OTHER 01 0 23792 0
FIRST FINL BANCSHARES INC COM COM 32020R109 825 21150 SH OTHER 01 0 21150 0
FIRST HORIZON NATL CORP COM COM 320517105 2548 257160 SH SOLE 257160 0 0
FIRST HORIZON NATL CORP COM COM 320517105 1597 161190 SH OTHER 01 0 161190 0
FIRST LONG IS CORP COM COM 320734106 855 30190 SH OTHER 01 0 30190 0
FIRST PACTRUST BANCORP INC COM COM 33589V101 265 21600 SH OTHER 01 0 21600 0
FLUSHING FINL CORP COM COM 343873105 192 12500 SH OTHER 01 0 12500 0
FORTINET INC COM 34959E109 2913 138590 SH SOLE 138590 0 0
FORTINET INC COM 34959E109 923 43910 SH OTHER 01 0 43910 0
PAGE 3
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
FORUM ENERGY TECHNOLOGIES INC COM 34984V100 1634 66019 SH SOLE 66019 0 0
FORUM ENERGY TECHNOLOGIES INC COM 34984V100 473 19121 SH OTHER 01 0 19121 0
FRANCESCAS HLDGS CORP COM COM 351793104 4126 159128 SH SOLE 159128 0 0
FRANCESCAS HLDGS CORP COM COM 351793104 1503 57971 SH OTHER 01 0 57971 0
GLIMCHER RLTY TR SH BEN INT COM 379302102 4507 406367 SH SOLE 406367 0 0
GLIMCHER RLTY TR SH BEN INT COM 379302102 2476 223274 SH OTHER 01 0 223274 0
GNC HOLDINGS INC COM 36191G107 3624 108892 SH SOLE 108892 0 0
GNC HOLDINGS INC COM 36191G107 1329 39945 SH OTHER 01 0 39945 0
GREATBATCH INC COM COM 39153L106 2486 106951 SH SOLE 106951 0 0
GREATBATCH INC COM COM 39153L106 911 39180 SH OTHER 01 0 39180 0
GUARANTY BANCORP DEL COM COM 40075T102 219 112530 SH OTHER 01 0 112530 0
GUIDEWIRE SOFTWARE INC COM 40171V100 2260 76052 SH SOLE 76052 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 875 29450 SH OTHER 01 0 29450 0
GULFPORT ENERGY CORP COM NEW COM 402635304 4369 114320 SH SOLE 114320 0 0
GULFPORT ENERGY CORP COM NEW COM 402635304 1206 31555 SH OTHER 01 0 31555 0
HANCOCK HLDG CO COM COM 410120109 362 11416 SH OTHER 01 0 11416 0
HERITAGE FINL CORP WASH COM COM 42722X106 368 25050 SH OTHER 01 0 25050 0
HERITAGE OAKS BANCORP COM COM 42724R107 414 71360 SH OTHER 01 0 71360 0
HERSHA HOSPITALITY TR PRIORITY COM 427825104 222 44350 SH OTHER 01 0 44350 0
HIBBETT SPORTS INC COM COM 428567101 3115 59108 SH SOLE 59108 0 0
HIBBETT SPORTS INC COM COM 428567101 1136 21551 SH OTHER 01 0 21551 0
HINGHAM INSTN SVGS MASS COM COM 433323102 207 3300 SH OTHER 01 0 3300 0
HMS HLDGS CORP COM COM 40425J101 2320 89500 SH SOLE 89500 0 0
HMS HLDGS CORP COM COM 40425J101 839 32360 SH OTHER 01 0 32360 0
HOME BANCORP INC COM COM 43689E107 213 11680 SH OTHER 01 0 11680 0
HOME BANCSHARES INC COM COM 436893200 710 21510 SH OTHER 01 0 21510 0
HOMEAWAY INC COM COM 43739Q100 2050 93202 SH SOLE 93202 0 0
HOMEAWAY INC COM COM 43739Q100 800 36365 SH OTHER 01 0 36365 0
HOMESTREET INC COM COM 43785V102 428 16738 SH OTHER 01 0 16738 0
HOPFED BANCORP INC COM COM 439734104 138 16003 SH OTHER 01 0 16003 0
HORIZON BANCORP IND COM COM 440407104 1167 59383 SH OTHER 01 0 59383 0
HOVNANIAN ENTERPRISES INC CL A COM 442487203 4693 670421 SH SOLE 670421 0 0
HOVNANIAN ENTERPRISES INC CL A COM 442487203 1683 240457 SH OTHER 01 0 240457 0
HOWARD BANCORP INC COM COM 442496105 1136 177499 SH OTHER 01 0 177499 0
INCYTE PHARMACEUTICALS INC COM COM 45337C102 2863 172350 SH SOLE 172350 0 0
INCYTE PHARMACEUTICALS INC COM COM 45337C102 1138 68490 SH OTHER 01 0 68490 0
INDEPENDENT BK CORP MASS COM COM 453836108 441 15250 SH OTHER 01 0 15250 0
INFINITY PHARMACEUTICALS INC COM 45665G303 1976 56459 SH SOLE 56459 0 0
INFINITY PHARMACEUTICALS INC COM 45665G303 681 19449 SH OTHER 01 0 19449 0
INFOBLOX INC COM 45672H104 1030 57305 SH SOLE 57305 0 0
INFOBLOX INC COM 45672H104 364 20268 SH OTHER 01 0 20268 0
INPHI CORP COM COM 45772F107 1527 159369 SH SOLE 159369 0 0
INPHI CORP COM COM 45772F107 528 55134 SH OTHER 01 0 55134 0
INTEGRATED DEVICE TECH INC COM COM 458118106 1347 184554 SH SOLE 184554 0 0
INTEGRATED DEVICE TECH INC COM COM 458118106 631 86468 SH OTHER 01 0 86468 0
INVESTORS BANCORP INC COM COM 46146P102 506 28473 SH OTHER 01 0 28473 0
IPC THE HOSPITALIST CO INC COM COM 44984A105 3708 93388 SH SOLE 93388 0 0
IPC THE HOSPITALIST CO INC COM COM 44984A105 1307 32915 SH OTHER 01 0 32915 0
IPG PHOTONICS CORP COM 44980X109 7314 109737 SH SOLE 109737 0 0
IPG PHOTONICS CORP COM 44980X109 2734 41019 SH OTHER 01 0 41019 0
IXIA COM COM 45071R109 3238 190671 SH SOLE 190671 0 0
PAGE 4
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
IXIA COM COM 45071R109 1116 65747 SH OTHER 01 0 65747 0
JAZZ PHARMACEUTICALS PLC SHS COM G50871105 5910 110990 SH SOLE 110990 0 0
JAZZ PHARMACEUTICALS PLC SHS COM G50871105 2179 40920 SH OTHER 01 0 40920 0
JIVE SOFTWARE INC COM 47760A108 3076 211673 SH SOLE 211673 0 0
JIVE SOFTWARE INC COM 47760A108 1078 74203 SH OTHER 01 0 74203 0
KODIAK OIL & GAS CORP COM COM 50015Q100 2098 237026 SH SOLE 237026 0 0
KODIAK OIL & GAS CORP COM COM 50015Q100 749 84640 SH OTHER 01 0 84640 0
LAKELAND FINL CORP COM COM 511656100 725 28063 SH OTHER 01 0 28063 0
MAGNUM HUNTER RES CORP DEL COM COM 55973B102 4009 1004815 SH SOLE 1004815 0 0
MAGNUM HUNTER RES CORP DEL COM COM 55973B102 1407 352614 SH OTHER 01 0 352614 0
MAGNUM HUNTER RES CORP WT EXP WARRANT AND RIGH 55973G119 1 34130 SH SOLE 34130 0 0
MAGNUM HUNTER RES CORP WT EXP WARRANT AND RIGH 55973G119 0 22283 SH OTHER 01 0 22283 0
MAKO SURGICAL CORP COM COM 560879108 798 62111 SH SOLE 62111 0 0
MAKO SURGICAL CORP COM COM 560879108 367 28588 SH OTHER 01 0 28588 0
MARTHA STEWART LIVING OMNIMECL COM 573083102 70 28560 SH SOLE 28560 0 0
MARTHA STEWART LIVING OMNIMECL COM 573083102 25 10272 SH OTHER 01 0 10272 0
MATTRESS FIRM HOLDING CORP COM 57722W106 2696 109920 SH SOLE 109920 0 0
MATTRESS FIRM HOLDING CORP COM 57722W106 955 38915 SH OTHER 01 0 38915 0
MEDIVATION INC COM COM 58501N101 4843 94656 SH SOLE 94656 0 0
MEDIVATION INC COM COM 58501N101 1774 34666 SH OTHER 01 0 34666 0
MERIT MED SYS INC COM COM 589889104 345 24832 SH SOLE 24832 0 0
MERITAGE CORP COM COM 59001A102 3718 99532 SH SOLE 99532 0 0
MERITAGE CORP COM COM 59001A102 1276 34169 SH OTHER 01 0 34169 0
MICROSEMI CORP COM COM 595137100 1526 72541 SH SOLE 72541 0 0
MICROSEMI CORP COM COM 595137100 562 26725 SH OTHER 01 0 26725 0
MIDDLEBY CORP COM COM 596278101 5384 41994 SH SOLE 41994 0 0
MIDDLEBY CORP COM COM 596278101 2048 15972 SH OTHER 01 0 15972 0
MIDSOUTH BANCORP INC COM COM 598039105 248 15169 SH OTHER 01 0 15169 0
MID-AMER APT CMNTYS INC COM COM 59522J103 261 4030 SH OTHER 01 0 4030 0
MILLENNIAL MEDIA INC COM COM 60040N105 2536 202367 SH SOLE 202367 0 0
MILLENNIAL MEDIA INC COM COM 60040N105 898 71660 SH OTHER 01 0 71660 0
MULTIMEDIA GAMES INC COM COM 625453105 1644 111766 SH SOLE 111766 0 0
MULTIMEDIA GAMES INC COM COM 625453105 488 33189 SH OTHER 01 0 33189 0
MWI VETERINARY SUPPLY INC COM COM 55402X105 11874 107947 SH SOLE 107947 0 0
MWI VETERINARY SUPPLY INC COM COM 55402X105 4072 37021 SH OTHER 01 0 37021 0
NORTHEAST BANCORP COM NEW COM 663904209 274 30000 SH OTHER 01 0 30000 0
NPS PHARMACEUTICALS INC COM COM 62936P103 3235 355522 SH SOLE 355522 0 0
NPS PHARMACEUTICALS INC COM COM 62936P103 1435 157742 SH OTHER 01 0 157742 0
OLD LINE BANCSHARES INC COM COM 67984M100 471 41721 SH OTHER 01 0 41721 0
OLD NATL BANCORP IND COM COM 680033107 237 19950 SH OTHER 01 0 19950 0
OMNICELL INC COM COM 68213N109 1672 112471 SH SOLE 112471 0 0
OMNICELL INC COM COM 68213N109 579 38934 SH OTHER 01 0 38934 0
ORRSTOWN FINL SVCS INC COM COM 687380105 100 10392 SH OTHER 01 0 10392 0
PACIFIC PREMIER BANCORP COM COM 69478X105 1047 102209 SH SOLE 102209 0 0
PACIFIC PREMIER BANCORP COM COM 69478X105 1205 117718 SH OTHER 01 0 117718 0
PANDORA MEDIA INC COM 698354107 1871 203804 SH SOLE 203804 0 0
PANDORA MEDIA INC COM 698354107 710 77359 SH OTHER 01 0 77359 0
PEOPLES BANCORP INC OHIO COM COM 709789101 306 15000 SH OTHER 01 0 15000 0
PEREGRINE SEMICONDUCTOR CORP COM 71366R703 2146 140191 SH SOLE 140191 0 0
PEREGRINE SEMICONDUCTOR CORP COM 71366R703 768 50189 SH OTHER 01 0 50189 0
PHOTOMEDEX INC COM 719358301 997 68636 SH SOLE 68636 0 0
PAGE 5
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/12
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
PHOTOMEDEX INC COM 719358301 350 24112 SH OTHER 01 0 24112 0
PINNACLE FINL PARTNERS INC COM COM 72346Q104 272 14460 SH OTHER 01 0 14460 0
PROSPERITY BANCSHARES INC COM COM 743606105 633 15070 SH OTHER 01 0 15070 0
PROVIDENT FINL HLDGS INC COM COM 743868101 230 13158 SH OTHER 01 0 13158 0
PROVIDENT NEW YORK BANCORP COM 744028101 157 16830 SH OTHER 01 0 16830 0
QLIK TECHNOLOGIES INC COM 74733T105 1788 82321 SH SOLE 82321 0 0
QLIK TECHNOLOGIES INC COM 74733T105 629 28957 SH OTHER 01 0 28957 0
RAVEN INDS INC COM COM 754212108 177 6714 SH SOLE 6714 0 0
RAVEN INDS INC COM COM 754212108 336 12765 SH OTHER 01 0 12765 0
RED ROBIN GOURMET BURGERS INCO COM 75689M101 2483 70362 SH SOLE 70362 0 0
RED ROBIN GOURMET BURGERS INCO COM 75689M101 1776 50318 SH OTHER 01 0 50318 0
REGULUS THERAPEUTICS INC COM 75915K101 1882 298720 SH SOLE 298720 0 0
REGULUS THERAPEUTICS INC COM 75915K101 653 103680 SH OTHER 01 0 103680 0
REX ENERGY CORPORATION COM COM 761565100 2070 159003 SH SOLE 159003 0 0
REX ENERGY CORPORATION COM COM 761565100 762 58532 SH OTHER 01 0 58532 0
ROADRUNNER TRNSN SVCS HLDG ICO COM 76973Q105 4341 239314 SH SOLE 239314 0 0
ROADRUNNER TRNSN SVCS HLDG ICO COM 76973Q105 1537 84747 SH OTHER 01 0 84747 0
SABA SOFTWARE COM 784932600 3155 360970 SH SOLE 360970 0 0
SABA SOFTWARE COM 784932600 1095 125261 SH OTHER 01 0 125261 0
SAGENT PHARMACEUTICALS INC COM 786692103 1068 66404 SH SOLE 66404 0 0
SAREPTA THERAPEUTICS INC COM 803607100 3887 150668 SH SOLE 150668 0 0
SAREPTA THERAPEUTICS INC COM 803607100 1413 54756 SH OTHER 01 0 54756 0
SAUL CTRS INC COM COM 804395101 602 14060 SH OTHER 01 0 14060 0
SELECT COMFORT CORP OC-CAP STK COM 81616X103 2574 98358 SH SOLE 98358 0 0
SELECT COMFORT CORP OC-CAP STK COM 81616X103 903 34517 SH OTHER 01 0 34517 0
SHFL ENTMT INC COM COM 78423R105 1904 131281 SH SOLE 131281 0 0
SHFL ENTMT INC COM COM 78423R105 920 63427 SH OTHER 01 0 63427 0
SIGNATURE BK NEW YORK N Y COM COM 82669G104 3559 49886 SH SOLE 49886 0 0
SIGNATURE BK NEW YORK N Y COM COM 82669G104 2585 36234 SH OTHER 01 0 36234 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 2416 191460 SH SOLE 191460 0 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 858 67949 SH OTHER 01 0 67949 0
SMART BALANCE INC COM COM 83169Y108 2756 213616 SH SOLE 213616 0 0
SMART BALANCE INC COM COM 83169Y108 981 76025 SH OTHER 01 0 76025 0
SOURCEFIRE INC COM COM 83616T108 3947 83584 SH SOLE 83584 0 0
SOURCEFIRE INC COM COM 83616T108 1523 32263 SH OTHER 01 0 32263 0
SOUTHERN NATL BANCORP OF VA CO COM 843395104 254 31188 SH OTHER 01 0 31188 0
SOVRAN SELF STORAGE INC COM COM 84610H108 230 3700 SH OTHER 01 0 3700 0
SPIRIT AIRLS INC COM COM 848577102 1103 62231 SH SOLE 62231 0 0
SPIRIT AIRLS INC COM COM 848577102 535 30157 SH OTHER 01 0 30157 0
STANDARD PAC CORP NEW COM COM 85375C101 3266 444324 SH SOLE 444324 0 0
STANDARD PAC CORP NEW COM COM 85375C101 1002 136276 SH OTHER 01 0 136276 0
SUMMIT HOTEL PROPERTIES INC COM 866082100 820 86310 SH OTHER 01 0 86310 0
SUSQUEHANNA BANCSHARES INC COM COM 869099101 4367 416744 SH SOLE 416744 0 0
SUSQUEHANNA BANCSHARES INC COM COM 869099101 2169 206997 SH OTHER 01 0 206997 0
SVB FINL GROUP COM COM 78486Q101 4718 84288 SH SOLE 84288 0 0
SVB FINL GROUP COM COM 78486Q101 2343 41859 SH OTHER 01 0 41859 0
SYNAGEVA BIOPHARMA CORP COM COM 87159A103 2691 58140 SH SOLE 58140 0 0
SYNAGEVA BIOPHARMA CORP COM COM 87159A103 832 17976 SH OTHER 01 0 17976 0
TANGER FACTORY OUTLET CTRS COM COM 875465106 400 11690 SH OTHER 01 0 11690 0
TECHE HLDG CO COM COM 878330109 644 16999 SH OTHER 01 0 16999 0
TERRITORIAL BANCORP INC COM COM 88145X108 202 8830 SH OTHER 01 0 8830 0
PAGE 6
EMERALD MUTUAL FUND ADVISERS TRUST
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/12
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 5306 118387 SH SOLE 118387 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 3561 79459 SH OTHER 01 0 79459 0
TILE SHOP HLDGS INC COM COM 88677Q109 2106 125113 SH SOLE 125113 0 0
TILE SHOP HLDGS INC COM COM 88677Q109 741 44056 SH OTHER 01 0 44056 0
TILLY'S INC-CLASS A SHRS COM 886885102 2682 198789 SH SOLE 198789 0 0
TILLY'S INC-CLASS A SHRS COM 886885102 877 65011 SH OTHER 01 0 65011 0
TOMPKINS TRUSTCO INC COM COM 890110109 338 8520 SH OTHER 01 0 8520 0
TREX INC COM COM 89531P105 4864 130641 SH SOLE 130641 0 0
TREX INC COM COM 89531P105 1724 46298 SH OTHER 01 0 46298 0
TRIUMPH GROUP INC NEW COM COM 896818101 5721 87612 SH SOLE 87612 0 0
TRIUMPH GROUP INC NEW COM COM 896818101 2045 31316 SH OTHER 01 0 31316 0
ULTA SALON COSMETICS & FRAGR COM 90384S303 4044 41160 SH SOLE 41160 0 0
ULTA SALON COSMETICS & FRAGR COM 90384S303 1542 15691 SH OTHER 01 0 15691 0
ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 4182 44292 SH SOLE 44292 0 0
ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 1571 16640 SH OTHER 01 0 16640 0
UNITED INS HLDGS CORP COM COM 910710102 601 100000 SH OTHER 01 0 100000 0
UNITED RENTALS INC COM COM 911363109 4692 103072 SH SOLE 103072 0 0
UNITED RENTALS INC COM COM 911363109 1427 31354 SH OTHER 01 0 31354 0
URSTADT BIDDLE PPTYS INC CL A COM 917286205 437 22180 SH OTHER 01 0 22180 0
USG CORP COM NEW COM 903293405 5177 184420 SH SOLE 184420 0 0
USG CORP COM NEW COM 903293405 1877 66875 SH OTHER 01 0 66875 0
VERASTEM INC COM 92337C104 943 107255 SH SOLE 107255 0 0
VERASTEM INC COM 92337C104 329 37482 SH OTHER 01 0 37482 0
VIEWPOINT FINL GROUP INC MD CO COM 92672A101 766 36593 SH OTHER 01 0 36593 0
VIRGINIA COMM BANCORP INC COM COM 92778Q109 446 49825 SH OTHER 01 0 49825 0
VITAMIN SHOPPE INC COM COM 92849E101 3594 62654 SH SOLE 62654 0 0
VITAMIN SHOPPE INC COM COM 92849E101 1269 22115 SH OTHER 01 0 22115 0
VIVUS INC COM COM 928551100 2478 184670 SH SOLE 184670 0 0
VIVUS INC COM COM 928551100 900 67101 SH OTHER 01 0 67101 0
WALKER & DUNLOP INC COM 93148P102 3435 206162 SH SOLE 206162 0 0
WALKER & DUNLOP INC COM 93148P102 1918 115150 SH OTHER 01 0 115150 0
WASHINGTON BKG CO OAK HBR WACO COM 937303105 388 28463 SH OTHER 01 0 28463 0
WESCO INTL INC COM COM 95082P105 6330 93870 SH SOLE 93870 0 0
WESCO INTL INC COM COM 95082P105 2199 32610 SH OTHER 01 0 32610 0
WESTERN ALLIANCE BANCORP COM 957638109 615 58387 SH OTHER 01 0 58387 0
WHITESTONE REIT CL B SBI COM 966084204 214 15250 SH OTHER 01 0 15250 0