EMERALD MUTUAL FUND ADVISERS TRUST Information

3175 OREGON PIKE, LEOLA, Pennsylvania, 17540, (717) 556-8900

Report Date: 12/31/2014

Position Statistics

Total Positions 236
New Positions 23
Increased Positions 89
Decreased Positions 64
Positions with Activity 153
Sold Out Positions 26
Total Mkt Value (in $ millions) 1,189

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 3.16%
Capital Goods 4.65%
Conglomerates 1.62%
Consumer Cyclical 2.95%
Consumer/Non-Cyclical 0.21%
Energy 1.29%
Financial 14.71%
Healthcare 12.21%
Services 10.95%
Technology 23.18%
Transportation 2.88%
Utilities

236 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPIRIT AIRLS INC COM 31,525 26 .08 411,609
BANK OF THE OZARKS INC COM 27,372 New 741,790
PROOFPOINT INC COM 23,678 519 2.24 414,898
ACADIA HEALTHCARE COMPANY INC COM 23,532 -3,260 (12.17) 354,992
EPAM SYS INC COM 22,458 4,423 24.53 363,979
AMTRUST FINL SVCS INC COM 20,940 -994 (4.53) 388,650
FARO TECHNOLOGIES INC COM 19,800 New 336,503
JACK IN THE BOX INC COM 19,422 -5,368 (21.65) 197,179
TREX CO INC COM 19,026 New 376,745
OPUS BK IRVINE CALIF COM 18,641 353 1.93 628,909
NEUROCRINE BIOSCIENCES INC COM 18,390 6,103 49.67 454,857
POLYONE CORP COM 18,310 2,147 13.28 453,679
APOGEE ENTERPRISES INC COM 18,239 988 5.73 399,451
IMPERVA INC COM 18,044 235 1.32 384,073
MICROSEMI CORP COM 17,919 New 537,776
ALNYLAM PHARMACEUTICALS INC COM 17,535 -4,777 (21.41) 166,368
BRUNSWICK CORP COM 17,299 5,059 41.33 309,082
BLUEBIRD BIO INC COM 16,954 -6,339 (27.21) 174,070
RED ROBIN GOURMET BURGERS INC COM 16,594 New 196,006
CEPHEID COM 16,372 1,526 10.28 285,828