EMERALD MUTUAL FUND ADVISERS TRUST Q3 2017 Filing

Filed October 30, 2017

Portfolio Value

$2.4T

Holdings

261

Report Date

Q3 2017

Filing Type

13F-HR

All Holdings (261 positions)

#	Stock	Shares	Value	% Portfolio
201	HTBKHERITAGE COMMERCE CORP	138,670	$2.0B	0.08%
202	ATDALLEGHENY TECHNOLOGIES INC	78,080	$1.9B	0.08%
203	PETQEURPETIQ INC	68,540	$1.9B	0.08%
204	FRME1ST MERCHANTS	42,222	$1.8B	0.08%
205	FLICUSDFIRST LONG IS CORP	58,449	$1.8B	0.07%
206	—QUANTENNA COMMUNICATIONS	101,080	$1.7B	0.07%
207	FMBLFARMERS AND MERCHANTS BANK OF LONG BEACH	215	$1.7B	0.07%
208	—BOVIE MEDICAL CORP	490,000	$1.7B	0.07%
209	MSBIMIDLAND STATES BANCORP INC	51,013	$1.6B	0.07%
210	—MAINSOURCE FINANCIAL GROUP	44,420	$1.6B	0.07%
211	—ACCESS NATL CORP	55,280	$1.6B	0.07%
212	FVCBFVCBANKCORP INC	92,837	$1.6B	0.07%
213	—GREEN BANCORP INC	61,496	$1.5B	0.06%
214	JMSBJOHN MARSHALL BANCORP INC	75,150	$1.4B	0.06%
215	—AMERICAN RIVIERA BANK	80,000	$1.3B	0.06%
216	LBAIUSDLAKELAND BANCORP INC	65,781	$1.3B	0.06%
217	FMNBFARMERS NATL BANC CORP	86,853	$1.3B	0.05%
218	—FIRST RESOURCE BANK	125,475	$1.2B	0.05%
219	INDBINDEPENDENT BK CORP MASS	15,250	$1.1B	0.05%
220	IBCPINDEPENENT BANK CORP	50,000	$1.1B	0.05%
221	BUSEFIRST BUSEY CORP	36,040	$1.1B	0.05%
222	—COUNTY BANCORP INC	35,869	$1.1B	0.04%
223	BLBDBLUE BIRD CORP	51,238	$1.1B	0.04%
224	—GSV CAP CORP	175,979	$952.0M	0.04%
225	IBTXUSDINDEPENDENT BANK GROUP INC	15,731	$949.0M	0.04%
226	IRTINDEPENDENCE REALTY TRUST INC	92,800	$944.0M	0.04%
227	CASSCASS INFORMATION SYS INC	14,870	$943.0M	0.04%
228	NMIHNMI HOLDINGS INC	75,340	$934.0M	0.04%
229	FFINFIRST FINL BANCSHARES INC	20,280	$917.0M	0.04%
230	MCHBMECHANICS BANK RICHMOND CA	30	$902.0M	0.04%
231	—MERIDIAN BANCORP INC	45,870	$855.0M	0.04%
232	—NANTHEALTH INC	207,337	$854.0M	0.04%
233	WSBFWATERSTONE FINANCIAL INC	40,000	$780.0M	0.03%
234	—FEDERATED NATIONAL HOLDING COMPANY	40,000	$624.0M	0.03%
235	—OBALON THERAPEUTICS INC	63,171	$602.0M	0.03%
236	HFBLHOME FEDERAL BANCORP	18,520	$494.0M	0.02%
237	HBCPHOME BANCORP INC	11,680	$488.0M	0.02%
238	GABCGERMAN AMERICAN BANCORP	11,889	$452.0M	0.02%
239	ENPHENPHASE ENERGY, INC	268,600	$408.0M	0.02%
240	YEXTYEXT INC	30,000	$398.0M	0.02%
241	—COMMERCE UNION BANCSHARES	17,052	$395.0M	0.02%
242	—NATIONAL CAPITAL BANK OF WASHINGTON	1,716	$364.0M	0.02%
243	—PORTER BANCORP INC	31,217	$356.0M	0.01%
244	—SOUTHERN NATL BANCORP OF VA	20,598	$350.0M	0.01%
245	—ZAGG INC	20,838	$328.0M	0.01%
246	MGMMGM RESORTS INTERNATIONAL	8,085	$263.0M	0.01%
247	—HOPFED BANCORP INC	16,003	$232.0M	0.01%
248	PRSUVIAD CORP	3,527	$215.0M	0.01%
249	AVGOBROADCOM LTD	856	$208.0M	0.01%
250	AMGAFFILIATED MANAGERS GROUP INC	1,090	$207.0M	0.01%
251	BERYEURBERRY GLOBAL GROUP INC	3,658	$207.0M	0.01%
252	SBACSBA COMMUNICATIONS CORP CL A	1,412	$203.0M	0.01%
253	ACHCACADIA HEALTHCAREPANY INC	4,239	$202.0M	0.01%
254	NOWSERVICENOW INC	1,720	$202.0M	0.01%
255	EXPEAGLE MATLS INC	1,887	$201.0M	0.01%
256	BLDRBUILDERS FIRSTSOURCE INC	10,464	$188.0M	0.01%
257	GTNGRAY TELEVISION INC	11,127	$175.0M	0.01%
258	—MDC PARTNERS INC-A	13,711	$151.0M	0.01%
259	—MITEL NETWORKS	17,745	$149.0M	0.01%
260	PLABPHOTRONICS INC	12,925	$114.0M	0.00%
261	—SRC ENERGY INC	10,195	$99.0M	0.00%

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