-----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, NoW/6F3Lb4a1Y0slZ1BN0GaP1DZgC2wXpkK4wy86Sc2G5sfcx6wq9bBfCO4X8FXB uFBFYO/BM6S96CMFBMlwsQ== 0001144204-07-040278.txt : 20070806 0001144204-07-040278.hdr.sgml : 20070806 20070806061455 ACCESSION NUMBER: 0001144204-07-040278 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070630 FILED AS OF DATE: 20070806 DATE AS OF CHANGE: 20070806 EFFECTIVENESS DATE: 20070806 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: 071025568 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 v083062_13f-hr.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, 2007 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 July 23, 2007 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: 339 FORM 13F INFORMATION TABLE VALUE TOTAL: $727,913 (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 FORWARD MANAGEMENT, LLC EMERALD MUTUAL FUND ADVISERS, TRUST PAGE 1 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 99 CENTS ONLY STORES COM COM 65440K106 1986 151450 SH SOLE 151450 0 0 99 CENTS ONLY STORES COM COM 65440K106 1236 94300 SH OTHER 01 0 94300 0 AAR CORP COM COM 000361105 4164 126150 SH SOLE 126150 0 0 AAR CORP COM COM 000361105 2484 75250 SH OTHER 01 0 75250 0 AARON RENTS INC CL B COM 002535201 4730 162000 SH SOLE 162000 0 0 AARON RENTS INC CL B COM 002535201 2946 100900 SH OTHER 01 0 100900 0 ACCESS NATL CORP COM COM 004337101 1357 153308 SH OTHER 01 0 153308 0 ADAMS RESPIRATORY THERAPEUTICO COM 00635P107 1111 28200 SH SOLE 28200 0 0 ADAMS RESPIRATORY THERAPEUTICO COM 00635P107 662 16800 SH OTHER 01 0 16800 0 ADVANTA CORP CL B COM 007942204 6815 218850 SH OTHER 01 0 218850 0 ADVENTRX PHARMACEUTICALS INCCO COM 00764X103 1271 500300 SH SOLE 500300 0 0 ADVENTRX PHARMACEUTICALS INCCO COM 00764X103 827 325400 SH OTHER 01 0 325400 0 AEROPOSTALE INC COM 007865108 1984 47600 SH SOLE 47600 0 0 AEROPOSTALE INC COM 007865108 1205 28900 SH OTHER 01 0 28900 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 7893 61300 SH OTHER 01 0 61300 0 AIRGAS INC COM COM 009363102 7290 152200 SH SOLE 152200 0 0 AIRGAS INC COM COM 009363102 4416 92200 SH OTHER 01 0 92200 0 ALABAMA NATL BANCORPORATION CO COM 010317105 2474 40005 SH OTHER 01 0 40005 0 ALLEGHENY TECHNOLOGIES INC COM COM 01741R102 2003 19094 SH SOLE 19094 0 0 ALLEGHENY TECHNOLOGIES INC COM COM 01741R102 1191 11360 SH OTHER 01 0 11360 0 ALLIANCE DATA SYS CORP COM COM 018581108 1761 22781 SH OTHER 01 0 22781 0 ALTRIA GROUP INC COM COM 02209S103 210 3000 SH OTHER 01 0 3000 0 AMERICA FIRST APT INV INC COM COM 02363X104 2214 89438 SH OTHER 01 0 89438 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 1480 52300 SH OTHER 01 0 52300 0 AMERICAN MED SYS HLDGS INC COM COM 02744M108 3760 208413 SH SOLE 208413 0 0 AMERICAN MED SYS HLDGS INC COM COM 02744M108 2302 127603 SH OTHER 01 0 127603 0 AMTRUST FINANCIAL SERVICES ICO COM 032359309 2625 139700 SH OTHER 01 0 139700 0 ANADIGICS INC COM COM 032515108 2704 196100 SH SOLE 196100 0 0 ANADIGICS INC COM COM 032515108 1689 122500 SH OTHER 01 0 122500 0 ANALOGIC CORP COM PAR $0.05 COM 032657207 2260 30742 SH SOLE 30742 0 0 ANALOGIC CORP COM PAR $0.05 COM 032657207 1441 19604 SH OTHER 01 0 19604 0 ANSOFT CORP COM COM 036384105 2732 92642 SH SOLE 92642 0 0 ANSOFT CORP COM COM 036384105 1922 65183 SH OTHER 01 0 65183 0 ANSYS INC COM COM 03662Q105 5648 213130 SH SOLE 213130 0 0 ANSYS INC COM COM 03662Q105 3367 127064 SH OTHER 01 0 127064 0 APOGEE ENTERPRISES INC COM COM 037598109 4248 152700 SH SOLE 152700 0 0 APOGEE ENTERPRISES INC COM COM 037598109 2724 97900 SH OTHER 01 0 97900 0 APPLE COMPUTER INC COM 037833100 354 2900 SH OTHER 01 0 2900 0 ARRIS GROUP INC COM COM 04269Q100 1278 72661 SH SOLE 72661 0 0 ARRIS GROUP INC COM COM 04269Q100 771 43818 SH OTHER 01 0 43818 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 2187 70900 SH SOLE 70900 0 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 1354 43900 SH OTHER 01 0 43900 0 ATWOOD OCEANICS INC COM COM 050095108 1893 27592 SH SOLE 27592 0 0 ATWOOD OCEANICS INC COM COM 050095108 1201 17500 SH OTHER 01 0 17500 0 BANK OF THE OZARKS INC COM COM 063904106 1848 66319 SH OTHER 01 0 66319 0 BANKRATE INC COM COM 06646V108 2994 62470 SH SOLE 62470 0 0 BANKRATE INC COM COM 06646V108 4147 86547 SH OTHER 01 0 86547 0 BARE ESCENTUALS INC COM 067511105 3203 93800 SH SOLE 93800 0 0 BARE ESCENTUALS INC COM 067511105 1977 57900 SH OTHER 01 0 57900 0 BE AEROSPACE INC COM COM 073302101 8619 208698 SH SOLE 208698 0 0 BE AEROSPACE INC COM COM 073302101 5339 129267 SH OTHER 01 0 129267 0
EMERALD MUTUAL FUND ADVISERS, TRUST PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 825 52800 SH SOLE 52800 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 499 31900 SH OTHER 01 0 31900 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 2992 109408 SH SOLE 109408 0 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1791 65473 SH OTHER 01 0 65473 0 BLACKBOARD INC COM COM 091935502 6991 165971 SH SOLE 165971 0 0 BLACKBOARD INC COM COM 091935502 4446 105559 SH OTHER 01 0 105559 0 BROOKE CORP COM COM 112502109 1997 135022 SH OTHER 01 0 135022 0 CACHE INC COM NEW COM 127150308 870 65532 SH SOLE 65532 0 0 CACHE INC COM NEW COM 127150308 516 38899 SH OTHER 01 0 38899 0 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 2091 97350 SH SOLE 97350 0 0 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 1144 53257 SH OTHER 01 0 53257 0 CAMDEN NATL CORP COM COM 133034108 2321 59300 SH OTHER 01 0 59300 0 CARDIOME PHARMA CORP COM NEW COM 14159U202 1029 111699 SH SOLE 111699 0 0 CARDIOME PHARMA CORP COM NEW COM 14159U202 710 77101 SH OTHER 01 0 77101 0 CARRIZO OIL & GAS INC COM COM 144577103 3820 92123 SH SOLE 92123 0 0 CARRIZO OIL & GAS INC COM COM 144577103 2360 56920 SH OTHER 01 0 56920 0 CASCADE FINL CORP COM COM 147272108 2326 146927 SH OTHER 01 0 146927 0 CENTRAL PACIFIC FINANCIAL CORP COM 154760102 3362 101847 SH OTHER 01 0 101847 0 CHIQUITA BRANDS INTL INC COM COM 170032809 2327 122712 SH SOLE 122712 0 0 CHIQUITA BRANDS INTL INC COM COM 170032809 1463 77161 SH OTHER 01 0 77161 0 CITIZENS FIRST CORP COM COM 17462Q107 638 47414 SH OTHER 01 0 47414 0 COBIZ INC COM COM 190897108 2303 127104 SH OTHER 01 0 127104 0 CODORUS VALLEY BANCORP COM COM 192025104 1668 88632 SH OTHER 01 0 88632 0 COGENT COMMUNICATIONS GROUP CO COM 19239V302 1656 55437 SH SOLE 55437 0 0 COGENT COMMUNICATIONS GROUP CO COM 19239V302 995 33310 SH OTHER 01 0 33310 0 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 2640 35200 SH SOLE 35200 0 0 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 1575 21000 SH OTHER 01 0 21000 0 COLDWATER CREEK INC COM COM 193068103 2553 109903 SH SOLE 109903 0 0 COLDWATER CREEK INC COM COM 193068103 1196 51500 SH OTHER 01 0 51500 0 COLONIAL BANCGROUP INC COM COM 195493309 3663 146700 SH OTHER 01 0 146700 0 CROCS INC COM COM 227046109 8359 194400 SH SOLE 194400 0 0 CROCS INC COM COM 227046109 5134 119400 SH OTHER 01 0 119400 0 C&D TECHNOLOGIES INC COM COM 124661109 112 20000 SH OTHER 01 0 20000 0 DAKTRONICS INC COM COM 234264109 1005 46800 SH SOLE 46800 0 0 DAKTRONICS INC COM COM 234264109 619 28800 SH OTHER 01 0 28800 0 DESERT CMNTY BK VICTORVIL CACM COM 25037Y109 1895 82280 SH OTHER 01 0 82280 0 DIAMOND MGMT & TECHNOLOGY COM 25269L106 2812 213011 SH SOLE 213011 0 0 DIAMOND MGMT & TECHNOLOGY COM 25269L106 1741 131901 SH OTHER 01 0 131901 0 DIGENE CORP COM COM 253752109 5704 94994 SH SOLE 94994 0 0 DIGENE CORP COM COM 253752109 3575 59542 SH OTHER 01 0 59542 0 E TRADE GROUP INC COM COM 269246104 4069 184200 SH OTHER 01 0 184200 0 EAST PENN FINL CORP COM COM 274287101 646 44855 SH OTHER 01 0 44855 0 EAST WEST BANCORP INC COM COM 27579R104 5018 129073 SH OTHER 01 0 129073 0 EMERGENCY MEDICAL SVCS CORP CL COM 29100P102 1645 42050 SH SOLE 42050 0 0 EMERGENCY MEDICAL SVCS CORP CL COM 29100P102 904 23100 SH OTHER 01 0 23100 0 ENTERPRISE FINL SVCS CORP COM COM 293712105 808 32500 SH OTHER 01 0 32500 0 ENVIRONMENTAL TECTONICS CORPCO COM 294092101 384 166450 SH OTHER 01 0 166450 0 ERIE INDTY CO CL A COM 29530P102 2102 38900 SH OTHER 01 0 38900 0 ESCO TECHNOLOGIES INC COM COM 296315104 1578 43510 SH SOLE 43510 0 0 ESCO TECHNOLOGIES INC COM COM 296315104 939 25900 SH OTHER 01 0 25900 0 F N B CORP PA COM COM 302520101 363 21700 SH OTHER 01 0 21700 0
EMERALD MUTUAL FUND ADVISERS, TRUST PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- F N B CORP VA COM COM 302930102 1712 47700 SH OTHER 01 0 47700 0 FAIRCHILD SEMICONDUCTOR INTLCL COM 303726103 1051 54400 SH SOLE 54400 0 0 FAIRCHILD SEMICONDUCTOR INTLCL COM 303726103 647 33500 SH OTHER 01 0 33500 0 FEI CO COM COM 30241L109 1937 59660 SH SOLE 59660 0 0 FEI CO COM COM 30241L109 1197 36885 SH OTHER 01 0 36885 0 FELCOR LODGING TR INC COM COM 31430F101 2129 81800 SH OTHER 01 0 81800 0 FINISAR CORP COM COM 31787A101 3156 834800 SH SOLE 834800 0 0 FINISAR CORP COM COM 31787A101 1687 446400 SH OTHER 01 0 446400 0 FIRST MERCURY FINANCIAL CORP COM 320841109 3890 185500 SH OTHER 01 0 185500 0 FIRST REGIONAL BANCORP COM COM 33615C101 3856 151581 SH OTHER 01 0 151581 0 FIRST SECURITY GROUP INC COM 336312103 2620 242638 SH OTHER 01 0 242638 0 FORCE PROTECTION INC COM NEW COM 345203202 1034 50100 SH SOLE 50100 0 0 FORCE PROTECTION INC COM NEW COM 345203202 616 29862 SH OTHER 01 0 29862 0 FORTRESS INVESTMENT GRP-CL A COM 34958B106 2127 89300 SH OTHER 01 0 89300 0 GATEWAY FINL HLDGS INC COM COM 368140109 1578 108024 SH OTHER 01 0 108024 0 GENERAL ELEC CO COM 369604103 230 6000 SH OTHER 01 0 6000 0 GEN-PROBE INC NEW COM COM 36866T103 5963 98687 SH SOLE 98687 0 0 GEN-PROBE INC NEW COM COM 36866T103 3721 61579 SH OTHER 01 0 61579 0 GEO GROUP INC COM 36159R103 1775 61000 SH SOLE 61000 0 0 GEO GROUP INC COM 36159R103 1094 37600 SH OTHER 01 0 37600 0 GREAT SOUTHN BANCORP COM COM 390905107 1353 50000 SH OTHER 01 0 50000 0 GREIF BROS CORP COM 397624107 567 9520 SH SOLE 9520 0 0 GREIF BROS CORP COM 397624107 387 6500 SH OTHER 01 0 6500 0 GSI COMM INC COM COM 36238G102 2391 105300 SH SOLE 105300 0 0 GSI COMM INC COM COM 36238G102 1599 70400 SH OTHER 01 0 70400 0 GUARANTY FED BANCSHARES INC CO COM 40108P101 610 20200 SH OTHER 01 0 20200 0 HEALTH BENEFITS DIRECT CORP CO COM 42220V107 71 30000 SH OTHER 01 0 30000 0 HEARTLAND FINL USA INC COM COM 42234Q102 1621 66700 SH OTHER 01 0 66700 0 HERCULES OFFSHORE INC COM COM 427093109 1640 50644 SH SOLE 50644 0 0 HERCULES OFFSHORE INC COM COM 427093109 994 30700 SH OTHER 01 0 30700 0 HERITAGE COMM CORP COM COM 426927109 718 30300 SH OTHER 01 0 30300 0 HERSHA HOSPITALITY TR PRIORITY COM 427825104 2109 178400 SH OTHER 01 0 178400 0 HIBBETT SPORTS INC COM COM 428567101 1093 39902 SH SOLE 39902 0 0 HIBBETT SPORTS INC COM COM 428567101 663 24214 SH OTHER 01 0 24214 0 HOLOGIC INC COM 436440101 1401 25323 SH SOLE 25323 0 0 HOLOGIC INC COM 436440101 849 15350 SH OTHER 01 0 15350 0 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 1450 37406 SH SOLE 37406 0 0 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 876 22603 SH OTHER 01 0 22603 0 ICONIX BRAND GROUP INC COM COM 451055107 5548 249706 SH SOLE 249706 0 0 ICONIX BRAND GROUP INC COM COM 451055107 3586 161406 SH OTHER 01 0 161406 0 II-VI INC COM COM 902104108 3814 140380 SH SOLE 140380 0 0 II-VI INC COM COM 902104108 2298 84579 SH OTHER 01 0 84579 0 INTEGRA LIFESCIENCES HLDG COCO COM 457985208 1423 28800 SH SOLE 28800 0 0 INTEGRA LIFESCIENCES HLDG COCO COM 457985208 870 17600 SH OTHER 01 0 17600 0 INTERNAP NETWORK SERVICES CORP COM 45885A300 2181 151240 SH SOLE 151240 0 0 INTERNAP NETWORK SERVICES CORP COM 45885A300 1299 90090 SH OTHER 01 0 90090 0 INTERNATIONAL BANCSHARES CORCO COM 459044103 1840 71802 SH OTHER 01 0 71802 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 2652 213891 SH SOLE 213891 0 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 1947 157001 SH OTHER 01 0 157001 0 INVESTMENT TECHNOLOGY GRP NECO COM 46145F105 2167 50000 SH OTHER 01 0 50000 0 IXIA COM COM 45071R109 2759 298000 SH SOLE 298000 0 0
EMERALD MUTUAL FUND ADVISERS, TRUST PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
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 1740 187896 SH OTHER 01 0 187896 0 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 1410 40400 SH SOLE 40400 0 0 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 873 25000 SH OTHER 01 0 25000 0 JMP Group Inc. COM 46629U107 541 51800 SH OTHER 01 0 51800 0 KBW INC COM 482423100 673 22900 SH OTHER 01 0 22900 0 KENEXA CORP COM COM 488879107 4269 113200 SH SOLE 113200 0 0 KENEXA CORP COM COM 488879107 2659 70500 SH OTHER 01 0 70500 0 KENNAMETAL INC COM COM 489170100 3691 45000 SH SOLE 45000 0 0 KENNAMETAL INC COM COM 489170100 2305 28100 SH OTHER 01 0 28100 0 LADISH INC COM NEW COM 505754200 4008 93200 SH SOLE 93200 0 0 LADISH INC COM NEW COM 505754200 2515 58481 SH OTHER 01 0 58481 0 LAKELAND FINL CORP COM COM 511656100 2605 122461 SH OTHER 01 0 122461 0 LIFECELL CORP COM COM 531927101 5360 175515 SH SOLE 175515 0 0 LIFECELL CORP COM COM 531927101 3494 114418 SH OTHER 01 0 114418 0 LIFETIME BRANDS INC COM COM 53222Q103 1697 82990 SH SOLE 82990 0 0 LIFETIME BRANDS INC COM COM 53222Q103 1061 51902 SH OTHER 01 0 51902 0 LOOPNET INC COM 543524300 3228 138364 SH SOLE 138364 0 0 LOOPNET INC COM 543524300 1955 83800 SH OTHER 01 0 83800 0 LUFKIN INDS INC COM 549764108 1976 30610 SH SOLE 30610 0 0 LUFKIN INDS INC COM 549764108 1175 18207 SH OTHER 01 0 18207 0 MARVEL ENTERTAINMENT INC COM 57383T103 2896 113650 SH SOLE 113650 0 0 MARVEL ENTERTAINMENT INC COM 57383T103 1734 68050 SH OTHER 01 0 68050 0 MERCER INS GROUP INC COM COM 587902107 1318 66230 SH OTHER 01 0 66230 0 MET PRO CORP COM COM 590876306 550 35008 SH OTHER 01 0 35008 0 METROCORP BANCSHARES INC COM COM 591650106 1722 80600 SH OTHER 01 0 80600 0 MICROS SYS INC COM COM 594901100 2346 43116 SH SOLE 43116 0 0 MICROS SYS INC COM COM 594901100 1454 26720 SH OTHER 01 0 26720 0 MICROSEMI CORP COM COM 595137100 3522 147054 SH SOLE 147054 0 0 MICROSEMI CORP COM COM 595137100 2171 90652 SH OTHER 01 0 90652 0 MICRUS ENDOVASCULAR CORP COM COM 59518V102 2659 108099 SH SOLE 108099 0 0 MICRUS ENDOVASCULAR CORP COM COM 59518V102 1645 66850 SH OTHER 01 0 66850 0 MID-AMER APT CMNTYS INC COM COM 59522J103 672 12800 SH OTHER 01 0 12800 0 MMC ENERGY INC COM 55312Q208 55 10000 SH OTHER 01 0 10000 0 MOLDFLOW CORP COM COM 608507109 957 43530 SH SOLE 43530 0 0 MOLDFLOW CORP COM COM 608507109 669 30420 SH OTHER 01 0 30420 0 MOTIENT CORP COM NEW COM 619908304 141 11000 SH OTHER 01 0 11000 0 MYRIAD GENETICS INC COM COM 62855J104 3898 104820 SH SOLE 104820 0 0 MYRIAD GENETICS INC COM COM 62855J104 2544 68408 SH OTHER 01 0 68408 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 1657 75800 SH OTHER 01 0 75800 0 NAVIGATORS GROUP INC COM COM 638904102 4026 74700 SH OTHER 01 0 74700 0 NEW CENTRY BANCORP INC DUNN CO COM 64353M100 444 34576 SH OTHER 01 0 34576 0 NEXITY FINANCIAL CORP COM 65333R200 996 96925 SH OTHER 01 0 96925 0 NOVAMED INC DEL COM COM 66986W108 627 103638 SH SOLE 103638 0 0 NOVAMED INC DEL COM COM 66986W108 393 64900 SH OTHER 01 0 64900 0 NOVATEL WIRELESS INC COM NEW COM 66987M604 4839 185987 SH SOLE 185987 0 0 NOVATEL WIRELESS INC COM NEW COM 66987M604 3000 115301 SH OTHER 01 0 115301 0 NUANCE COMMUNICATIONS INC COM 67020Y100 990 59200 SH SOLE 59200 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 591 35300 SH OTHER 01 0 35300 0 NUTRACEA COM NEW COM 67060N204 1406 412400 SH SOLE 412400 0 0 NUTRACEA COM NEW COM 67060N204 834 244600 SH OTHER 01 0 244600 0 NUTRI SYS INC NEW COM COM 67069D108 8612 123289 SH SOLE 123289 0 0
EMERALD MUTUAL FUND ADVISERS, TRUST PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- NUTRI SYS INC NEW COM COM 67069D108 5504 78800 SH OTHER 01 0 78800 0 NUVEEN INVTS INC CL A COM 67090F106 671 10800 SH OTHER 01 0 10800 0 NYSE EURONEXT COM 629491101 869 11800 SH OTHER 01 0 11800 0 OLD DOMINION FGHT LINES INC CO COM 679580100 1829 60653 SH SOLE 60653 0 0 OLD DOMINION FGHT LINES INC CO COM 679580100 1121 37184 SH OTHER 01 0 37184 0 ON ASSIGNMENT INC COM COM 682159108 2459 229425 SH SOLE 229425 0 0 ON ASSIGNMENT INC COM COM 682159108 1439 134280 SH OTHER 01 0 134280 0 ON SEMICONDUCTOR CORP COM COM 682189105 2311 215600 SH SOLE 215600 0 0 ON SEMICONDUCTOR CORP COM COM 682189105 1375 128300 SH OTHER 01 0 128300 0 OPNET TECHNOLOGIES INC COM COM 683757108 1080 93800 SH SOLE 93800 0 0 OPNET TECHNOLOGIES INC COM COM 683757108 654 56797 SH OTHER 01 0 56797 0 OPSWARE INC COM COM 68383A101 2179 229163 SH SOLE 229163 0 0 OPSWARE INC COM COM 68383A101 1352 142200 SH OTHER 01 0 142200 0 PENSON WORLDWIDE INC COM 709600100 1548 63100 SH OTHER 01 0 63100 0 PERFICIENT INC COM COM 71375U101 491 23700 SH SOLE 23700 0 0 PERFICIENT INC COM COM 71375U101 304 14700 SH OTHER 01 0 14700 0 PHASE FORWARD INC COM COM 71721R406 2210 131300 SH SOLE 131300 0 0 PHASE FORWARD INC COM COM 71721R406 1318 78320 SH OTHER 01 0 78320 0 PHILADELPHIA CONS HLDG CORP CO COM 717528103 5646 135081 SH OTHER 01 0 135081 0 PINNACLE ENTMT INC COM COM 723456109 1019 36200 SH SOLE 36200 0 0 PINNACLE ENTMT INC COM COM 723456109 628 22300 SH OTHER 01 0 22300 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 1039 35400 SH OTHER 01 0 35400 0 PREFERRED BANK LOS ANGELES COM 740367107 6645 166131 SH OTHER 01 0 166131 0 PRINCETON NATL BANCORP INC COM COM 742282106 1449 52500 SH OTHER 01 0 52500 0 PRIVATEBANCORP INC COM COM 742962103 1316 45700 SH OTHER 01 0 45700 0 PROSPERITY BANCSHARES INC COM COM 743606105 3328 101600 SH SOLE 101600 0 0 PROSPERITY BANCSHARES INC COM COM 743606105 12204 372532 SH OTHER 01 0 372532 0 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 6501 179296 SH SOLE 179296 0 0 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 4005 110444 SH OTHER 01 0 110444 0 RAYMOND JAMES FINL INC COM COM 754730109 1196 38700 SH OTHER 01 0 38700 0 SANDERS MORRIS HARRIS GROUP CO COM 80000Q104 1259 108190 SH OTHER 01 0 108190 0 SANDY SPRING BANCORP INC CMT-C COM 800363103 1437 45700 SH OTHER 01 0 45700 0 SANGAMO BIOSCIENCES INC COM COM 800677106 81 10000 SH OTHER 01 0 10000 0 SBA COMMUNICATIONS CORP CL A COM 78388J106 4431 131900 SH SOLE 131900 0 0 SBA COMMUNICATIONS CORP CL A COM 78388J106 2680 79800 SH OTHER 01 0 79800 0 SEABRIGHT INSURANCE HLDGS INCO COM 811656107 1856 106200 SH OTHER 01 0 106200 0 SELECTIVE INS GROUP INC COM COM 816300107 1377 51238 SH OTHER 01 0 51238 0 SEMITOOL INC COM COM 816909105 531 55213 SH SOLE 55213 0 0 SEMITOOL INC COM COM 816909105 281 29247 SH OTHER 01 0 29247 0 SHUFFLE MASTER INC COM COM 825549108 1128 67965 SH SOLE 67965 0 0 SHUFFLE MASTER INC COM COM 825549108 676 40700 SH OTHER 01 0 40700 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 1879 55100 SH OTHER 01 0 55100 0 SIRF TECHNOLOGY HLDGS INC COM COM 82967H101 645 31100 SH SOLE 31100 0 0 SIRF TECHNOLOGY HLDGS INC COM COM 82967H101 384 18500 SH OTHER 01 0 18500 0 SMITH MICRO SOFTWARE INC COM COM 832154108 3905 259294 SH SOLE 259294 0 0 SMITH MICRO SOFTWARE INC COM COM 832154108 2438 161900 SH OTHER 01 0 161900 0 SMITH & WESSON HLDG CORP COM COM 831756101 4912 293248 SH SOLE 293248 0 0 SMITH & WESSON HLDG CORP COM COM 831756101 3060 182700 SH OTHER 01 0 182700 0 SMITHTOWN BANCORP INC COM COM 832449102 4190 165086 SH OTHER 01 0 165086 0 SOURCEFORGE INC COM 83616W101 1278 302900 SH SOLE 302900 0 0 SOURCEFORGE INC COM 83616W101 853 202100 SH OTHER 01 0 202100 0
EMERALD MUTUAL FUND ADVISERS, TRUST PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- SOUTHWEST BANCORP INC OKLA COM COM 844767103 2943 122438 SH OTHER 01 0 122438 0 SPECTRANETICS CORP COM COM 84760C107 947 82200 SH SOLE 82200 0 0 SPECTRANETICS CORP COM COM 84760C107 434 37700 SH OTHER 01 0 37700 0 SPSS INC COM COM 78462K102 4080 92424 SH SOLE 92424 0 0 SPSS INC COM COM 78462K102 2591 58700 SH OTHER 01 0 58700 0 SRS LABS INC COM COM 78464M106 1205 123590 SH SOLE 123590 0 0 SRS LABS INC COM COM 78464M106 731 75010 SH OTHER 01 0 75010 0 STARLIMS TECHNOLOGIES LTD SHS COM M8484K109 315 24500 SH SOLE 24500 0 0 STARLIMS TECHNOLOGIES LTD SHS COM M8484K109 224 17400 SH OTHER 01 0 17400 0 STERLING FINL CORP COM COM 859317109 603 57338 SH OTHER 01 0 57338 0 STIFEL FINL CORP COM COM 860630102 4548 77233 SH OTHER 01 0 77233 0 SUPERIOR BANCORP COM COM 86806M106 1879 183674 SH OTHER 01 0 183674 0 SUPERIOR ENERGY SVCS INC COM COM 868157108 1367 34250 SH SOLE 34250 0 0 SUPERIOR ENERGY SVCS INC COM COM 868157108 818 20500 SH OTHER 01 0 20500 0 SUPERTEX INC COM COM 868532102 1455 46431 SH SOLE 46431 0 0 SUPERTEX INC COM COM 868532102 862 27500 SH OTHER 01 0 27500 0 SVB FINL GROUP COM COM 78486Q101 4097 77135 SH SOLE 77135 0 0 SVB FINL GROUP COM COM 78486Q101 7195 135480 SH OTHER 01 0 135480 0 SYNERON MEDICAL LTD ORD SHS COM M87245102 723 28977 SH SOLE 28977 0 0 SYNERON MEDICAL LTD ORD SHS COM M87245102 444 17800 SH OTHER 01 0 17800 0 TASER INTL INC COM COM 87651B104 3495 250391 SH SOLE 250391 0 0 TASER INTL INC COM COM 87651B104 2116 151600 SH OTHER 01 0 151600 0 TECHNITROL INC COM COM 878555101 2655 92600 SH SOLE 92600 0 0 TECHNITROL INC COM COM 878555101 1608 56100 SH OTHER 01 0 56100 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 1528 68369 SH SOLE 68369 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 7119 318518 SH OTHER 01 0 318518 0 TEXAS ROADHOUSE INC CL A COM 882681109 839 65598 SH SOLE 65598 0 0 TEXAS ROADHOUSE INC CL A COM 882681109 500 39090 SH OTHER 01 0 39090 0 THERMOGENESIS CORP COM NEW COM 883623209 159 57733 SH SOLE 57733 0 0 THERMOGENESIS CORP COM NEW COM 883623209 118 42769 SH OTHER 01 0 42769 0 THESTREET COM INC COM COM 88368Q103 1937 178064 SH SOLE 178064 0 0 THESTREET COM INC COM COM 88368Q103 3453 317400 SH OTHER 01 0 317400 0 THOMAS WEISEL PARTNERS GROUP COM 884481102 1134 68100 SH SOLE 68100 0 0 THOMAS WEISEL PARTNERS GROUP COM 884481102 2425 145673 SH OTHER 01 0 145673 0 THQ INC COM NEW COM 872443403 1425 46700 SH SOLE 46700 0 0 THQ INC COM NEW COM 872443403 864 28300 SH OTHER 01 0 28300 0 TRADESTATION GROUP INC COM COM 89267P105 1238 106300 SH OTHER 01 0 106300 0 TRIUMPH GROUP INC NEW COM COM 896818101 4675 71400 SH SOLE 71400 0 0 TRIUMPH GROUP INC NEW COM COM 896818101 2881 44000 SH OTHER 01 0 44000 0 TUTOGEN MEDICAL INC COM COM 901107102 783 78390 SH SOLE 78390 0 0 TUTOGEN MEDICAL INC COM COM 901107102 489 48920 SH OTHER 01 0 48920 0 UCN INC COM COM 902636109 73 17000 SH OTHER 01 0 17000 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 3770 130300 SH SOLE 130300 0 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 2494 86200 SH OTHER 01 0 86200 0 UNION BANKSHARES CORP COM COM 905399101 1456 62739 SH OTHER 01 0 62739 0 UNITED AMERICA INDEMNITY LTD C COM 90933T109 1360 54681 SH SOLE 54681 0 0 UNITED AMERICA INDEMNITY LTD C COM 90933T109 6702 269469 SH OTHER 01 0 269469 0 UNITED CMNTY BKS INC CDT-CAP S COM 90984P105 615 23754 SH SOLE 23754 0 0 UNITED CMNTY BKS INC CDT-CAP S COM 90984P105 3577 138152 SH OTHER 01 0 138152 0 URSTADT BIDDLE PPTYS INC CL A COM 917286205 1395 82000 SH OTHER 01 0 82000 0 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 1550 38693 SH SOLE 38693 0 0
EMERALD MUTUAL FUND ADVISERS, TRUST PAGE 7 FORM 13F INFORMATION TABLE AS OF DATE: 06/30/07
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 937 23400 SH OTHER 01 0 23400 0 VIASAT INC COM COM 92552V100 3759 117100 SH SOLE 117100 0 0 VIASAT INC COM COM 92552V100 2325 72436 SH OTHER 01 0 72436 0 VIRGINIA COMM BANCORP INC COM COM 92778Q109 1709 101045 SH SOLE 101045 0 0 VIRGINIA COMM BANCORP INC COM COM 92778Q109 5781 341897 SH OTHER 01 0 341897 0 VIRGINIA FINL CORP COM COM 927810101 514 23153 SH OTHER 01 0 23153 0 VOLCANO CORPORATION COM COM 928645100 1600 79156 SH SOLE 79156 0 0 VOLCANO CORPORATION COM COM 928645100 948 46901 SH OTHER 01 0 46901 0 VOLTERRA SEMICONDUCTOR CORP CO COM 928708106 1359 95690 SH SOLE 95690 0 0 VOLTERRA SEMICONDUCTOR CORP CO COM 928708106 746 52550 SH OTHER 01 0 52550 0 WABTEC CORPORATION COM 929740108 4888 133800 SH SOLE 133800 0 0 WABTEC CORPORATION COM 929740108 2959 81000 SH OTHER 01 0 81000 0 WADDELL & REED FINL INC CL A COM 930059100 1152 44300 SH OTHER 01 0 44300 0 WESCO INTL INC COM COM 95082P105 2926 48400 SH SOLE 48400 0 0 WESCO INTL INC COM COM 95082P105 1868 30900 SH OTHER 01 0 30900 0 WEST COAST BANCORP ORE NEW COM COM 952145100 2015 66300 SH OTHER 01 0 66300 0 WESTERN ALLIANCE BANCORP COM 957638109 2675 89600 SH OTHER 01 0 89600 0 WESTFIELD FINL INC COM COM 96008P104 370 37100 SH OTHER 01 0 37100 0 WET SEAL INC CL A COM 961840105 3375 561645 SH SOLE 561645 0 0 WET SEAL INC CL A COM 961840105 2116 352000 SH OTHER 01 0 352000 0 WHITING PETE CORP NEW COM COM 966387102 1005 24800 SH SOLE 24800 0 0 WHITING PETE CORP NEW COM COM 966387102 600 14800 SH OTHER 01 0 14800 0 WILSHIRE BANCORP INC COM 97186T108 1576 129420 SH SOLE 129420 0 0 WILSHIRE BANCORP INC COM 97186T108 3944 323831 SH OTHER 01 0 323831 0 WISDOMTREE INVTS INC COM COM 97717P104 398 79400 SH SOLE 79400 0 0 WISDOMTREE INVTS INC COM COM 97717P104 1868 372761 SH OTHER 01 0 372761 0 WORLD FUEL SVCS CORP COM COM 981475106 2555 60750 SH SOLE 60750 0 0 WORLD FUEL SVCS CORP COM COM 981475106 1546 36750 SH OTHER 01 0 36750 0 YARDVILLE NATL BANCORP COM COM 985021104 1876 54945 SH OTHER 01 0 54945 0 YOUBET COM INC COM COM 987413101 712 292000 SH SOLE 292000 0 0 YOUBET COM INC COM COM 987413101 433 177400 SH OTHER 01 0 177400 0 ZUMIEZ INC COM COM 989817101 400 10600 SH SOLE 10600 0 0 ZUMIEZ INC COM COM 989817101 238 6300 SH OTHER 01 0 6300 0 LINE COUNT: 339
-----END PRIVACY-ENHANCED MESSAGE-----