-----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, FkqhsJhXmkynnFMJYjw4RnjlJunDzxCQeB40ebp9F8RCR6ZeDtQ0GS2OMqNLxDzx JN7dg5Tq0LlU2CkaxbW3VQ== 0001144204-08-058874.txt : 20081022 0001144204-08-058874.hdr.sgml : 20081022 20081022163009 ACCESSION NUMBER: 0001144204-08-058874 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081022 DATE AS OF CHANGE: 20081022 EFFECTIVENESS DATE: 20081022 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: 081135511 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 v129482_13f.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: September 30, 2008 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 October 21, 2008 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: 295 FORM 13F INFORMATION TABLE VALUE TOTAL: $476,411 (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. NO. 13F FILE NUMBER NAME 01 028-12088 FORWARD MANAGEMENT, LLC EMERALD MUTUAL FUND ADVISERS TRUST PAGE 1 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
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 1502 136934 SH SOLE 136934 0 0 99 CENTS ONLY STORES COM COM 65440K106 838 76382 SH OTHER 01 0 76382 0 ACTUANT CORP CL A NEW COM 00508X203 1059 41940 SH SOLE 41940 0 0 ACTUANT CORP CL A NEW COM 00508X203 617 24460 SH OTHER 01 0 24460 0 ADVENT SOFTWARE INC COM COM 007974108 1718 48752 SH SOLE 48752 0 0 ADVENT SOFTWARE INC COM COM 007974108 1803 51191 SH OTHER 01 0 51191 0 AEROPOSTALE INC COM 007865108 1349 42000 SH SOLE 42000 0 0 AEROPOSTALE INC COM 007865108 761 23690 SH OTHER 01 0 23690 0 AFFILIATED MANAGERS GROUP INCO COM 008252108 721 8700 SH OTHER 01 0 8700 0 AIRGAS INC COM COM 009363102 4448 89593 SH SOLE 89593 0 0 AIRGAS INC COM COM 009363102 2488 50103 SH OTHER 01 0 50103 0 ALEXION PHARMACEUTICALS INC CO COM 015351109 3793 96524 SH SOLE 96524 0 0 ALEXION PHARMACEUTICALS INC CO COM 015351109 2113 53762 SH OTHER 01 0 53762 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 599 16948 SH SOLE 16948 0 0 ALLEGIANT TRAVEL COMPANY COM 01748X102 328 9289 SH OTHER 01 0 9289 0 AMERICAN CAMPUS CMNTYS INC COM COM 024835100 1599 47200 SH OTHER 01 0 47200 0 AMERICAN ECOLOGY CORP COM NEW COM 025533407 1479 53436 SH SOLE 53436 0 0 AMERICAN ECOLOGY CORP COM NEW COM 025533407 831 30050 SH OTHER 01 0 30050 0 AMERIGON INC COM COM 03070L300 348 52950 SH SOLE 52950 0 0 AMERIGON INC COM COM 03070L300 190 28939 SH OTHER 01 0 28939 0 AMTRUST FINANCIAL SERVICES ICO COM 032359309 280 20600 SH OTHER 01 0 20600 0 ANSYS INC COM COM 03662Q105 5396 142480 SH SOLE 142480 0 0 ANSYS INC COM COM 03662Q105 2868 75730 SH OTHER 01 0 75730 0 ARBITRON INC COM COM 03875Q108 2630 58840 SH SOLE 58840 0 0 ARBITRON INC COM COM 03875Q108 1485 33225 SH OTHER 01 0 33225 0 ARROW FINL CORP COM COM 042744102 200 6800 SH OTHER 01 0 6800 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 1009 42776 SH SOLE 42776 0 0 ATHEROS COMMUNICATIONS INC COM COM 04743P108 572 24260 SH OTHER 01 0 24260 0 ATLAS ENERGY RESOURCES LLC COM COM 049303100 819 31730 SH SOLE 31730 0 0 ATLAS ENERGY RESOURCES LLC COM COM 049303100 461 17855 SH OTHER 01 0 17855 0 AXSYS TECHNOLOGIES INC COM COM 054615109 1666 28268 SH SOLE 28268 0 0 AXSYS TECHNOLOGIES INC COM COM 054615109 936 15874 SH OTHER 01 0 15874 0 BANCORPSOUTH INC COM COM 059692103 287 10200 SH OTHER 01 0 10200 0 BANK OF MARIN BANCORP COM COM 063425102 866 27500 SH OTHER 01 0 27500 0 BANK OF THE OZARKS INC COM COM 063904106 1982 73419 SH OTHER 01 0 73419 0 BERKSHIRE HILLS BANCORP INC CO COM 084680107 995 31100 SH OTHER 01 0 31100 0 BIO RAD LABS INC CL A COM 090572207 1379 13910 SH SOLE 13910 0 0 BIO RAD LABS INC CL A COM 090572207 773 7799 SH OTHER 01 0 7799 0 BIOMARIN PHARMACEUTICAL INC CO COM 09061G101 3868 146022 SH SOLE 146022 0 0 BIOMARIN PHARMACEUTICAL INC CO COM 09061G101 2113 79771 SH OTHER 01 0 79771 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 1069 96689 SH SOLE 96689 0 0 BIOMIMETIC THERAPEUTICS INC CO COM 09064X101 572 51706 SH OTHER 01 0 51706 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 2952 102130 SH SOLE 102130 0 0 BIO-REFERENCE LABS INC COM PAR COM 09057G602 1634 56553 SH OTHER 01 0 56553 0 BJ'S RESTAURANT INC COM 09180C106 964 80726 SH SOLE 80726 0 0 BJ'S RESTAURANT INC COM 09180C106 537 44962 SH OTHER 01 0 44962 0 BLACKBOARD INC COM COM 091935502 4533 112501 SH SOLE 112501 0 0 BLACKBOARD INC COM COM 091935502 2376 58969 SH OTHER 01 0 58969 0 BROCADE COMMUNICATIONS SYS ICO COM 111621306 1978 339880 SH SOLE 339880 0 0 BROCADE COMMUNICATIONS SYS ICO COM 111621306 1116 191790 SH OTHER 01 0 191790 0 CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 1166 90617 SH SOLE 90617 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 2 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- CALIFORNIA PIZZA KITCHEN INCCO COM 13054D109 650 50541 SH OTHER 01 0 50541 0 CAMDEN NATL CORP COM COM 133034108 382 10938 SH OTHER 01 0 10938 0 CAPELLA EDUCATION CO COM 139594105 1727 40300 SH SOLE 40300 0 0 CAPELLA EDUCATION CO COM 139594105 965 22510 SH OTHER 01 0 22510 0 CARRIZO OIL & GAS INC COM COM 144577103 1622 44711 SH SOLE 44711 0 0 CARRIZO OIL & GAS INC COM COM 144577103 640 17635 SH OTHER 01 0 17635 0 CASCADE FINL CORP COM COM 147272108 621 84240 SH OTHER 01 0 84240 0 CASS INFORMATION SYS INC COM COM 14808P109 2496 69633 SH OTHER 01 0 69633 0 CAVIUM NETWORKS INC COM COM 14965A101 1720 122152 SH SOLE 122152 0 0 CAVIUM NETWORKS INC COM COM 14965A101 965 68526 SH OTHER 01 0 68526 0 CELERA CORP COM COM 15100E106 2445 158222 SH SOLE 158222 0 0 CELERA CORP COM COM 15100E106 1309 84701 SH OTHER 01 0 84701 0 CEPHEID COM COM 15670R107 451 32610 SH SOLE 32610 0 0 CEPHEID COM COM 15670R107 253 18270 SH OTHER 01 0 18270 0 CHIQUITA BRANDS INTL INC COM COM 170032809 3246 205316 SH SOLE 205316 0 0 CHIQUITA BRANDS INTL INC COM COM 170032809 1811 114524 SH OTHER 01 0 114524 0 COBIZ INC COM COM 190897108 390 32512 SH OTHER 01 0 32512 0 CODORUS VALLEY BANCORP COM COM 192025104 1078 84767 SH OTHER 01 0 84767 0 COMPASS MINERALS INTL INC COM COM 20451N101 833 15900 SH SOLE 15900 0 0 COMPASS MINERALS INTL INC COM COM 20451N101 463 8834 SH OTHER 01 0 8834 0 COMSTOCK RES INC COM COM 205768203 1301 26000 SH SOLE 26000 0 0 COMSTOCK RES INC COM COM 205768203 678 13550 SH OTHER 01 0 13550 0 CONCEPTUS INC COM COM 206016107 2251 135760 SH SOLE 135760 0 0 CONCEPTUS INC COM COM 206016107 1239 74740 SH OTHER 01 0 74740 0 CULLEN FROST BANKERS INC COM COM 229899109 2064 34400 SH OTHER 01 0 34400 0 DATA DOMAIN INC COM COM 23767P109 1033 46369 SH SOLE 46369 0 0 DATA DOMAIN INC COM COM 23767P109 577 25929 SH OTHER 01 0 25929 0 DIAMOND FOODS INC COM 252603105 3322 118515 SH SOLE 118515 0 0 DIAMOND FOODS INC COM 252603105 1818 64849 SH OTHER 01 0 64849 0 DIME CMNTY BANCORP INC COM COM 253922108 650 42700 SH OTHER 01 0 42700 0 DUFF & PHELPS CORP-CL A COM 26433B107 776 36900 SH OTHER 01 0 36900 0 EAST WEST BANCORP INC COM COM 27579R104 169 12300 SH OTHER 01 0 12300 0 EASTERN VA BANKSHARES INC COM COM 277196101 191 15016 SH OTHER 01 0 15016 0 EBIX INC COM NEW COM 278715206 1490 47562 SH SOLE 47562 0 0 EBIX INC COM NEW COM 278715206 818 26121 SH OTHER 01 0 26121 0 ECLIPSYS CORP COM COM 278856109 2602 124195 SH SOLE 124195 0 0 ECLIPSYS CORP COM COM 278856109 1460 69677 SH OTHER 01 0 69677 0 ENCORE BANCSHARES INC COM 29255V201 452 25089 SH OTHER 01 0 25089 0 ENERGY CONVRSN DEVICES INC COM COM 292659109 799 13710 SH SOLE 13710 0 0 ENERGY CONVRSN DEVICES INC COM COM 292659109 446 7660 SH OTHER 01 0 7660 0 ENTERPRISE FINL SVCS CORP COM COM 293712105 1386 61446 SH OTHER 01 0 61446 0 ENVIRONMENTAL TECTONICS CORPCO COM 294092101 209 109917 SH OTHER 01 0 109917 0 ERIE INDTY CO CL A COM 29530P102 993 23483 SH OTHER 01 0 23483 0 EXCO RESOURCES INC COM COM 269279402 1539 94294 SH SOLE 94294 0 0 EXCO RESOURCES INC COM COM 269279402 656 40210 SH OTHER 01 0 40210 0 FACTSET RESH SYS INC COM COM 303075105 1378 26370 SH SOLE 26370 0 0 FACTSET RESH SYS INC COM COM 303075105 1427 27307 SH OTHER 01 0 27307 0 FEDERATED INVS INC PA CL B COM 314211103 935 32400 SH OTHER 01 0 32400 0 FEI CO COM COM 30241L109 943 39620 SH SOLE 39620 0 0 FEI CO COM COM 30241L109 432 18123 SH OTHER 01 0 18123 0 FELCOR LODGING TR INC COM COM 31430F101 269 37600 SH OTHER 01 0 37600 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 3 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- FIRST FINL BANCSHARES INC COM COM 32020R109 1266 24400 SH OTHER 01 0 24400 0 FIRST NIAGARA FINL GP INC COM COM 33582V108 528 33500 SH OTHER 01 0 33500 0 FIRST SECURITY GROUP INC COM 336312103 1410 192638 SH OTHER 01 0 192638 0 FLIR SYS INC COM COM 302445101 4139 107735 SH SOLE 107735 0 0 FLIR SYS INC COM COM 302445101 2310 60122 SH OTHER 01 0 60122 0 FTI CONSULTING INC COM COM 302941109 1327 18366 SH SOLE 18366 0 0 FTI CONSULTING INC COM COM 302941109 750 10378 SH OTHER 01 0 10378 0 FULTON FINL CORP PA COM COM 360271100 284 26000 SH OTHER 01 0 26000 0 GATEWAY FINL HLDGS INC COM COM 368140109 197 36894 SH OTHER 01 0 36894 0 GENCO SHIPPING & TRADING LTDSH COM Y2685T107 444 13350 SH SOLE 13350 0 0 GENCO SHIPPING & TRADING LTDSH COM Y2685T107 378 11380 SH OTHER 01 0 11380 0 GEN-PROBE INC NEW COM COM 36866T103 2468 46515 SH SOLE 46515 0 0 GEN-PROBE INC NEW COM COM 36866T103 1434 27037 SH OTHER 01 0 27037 0 GLACIER BANCORP INC NEW COM COM 37637Q105 1130 45600 SH OTHER 01 0 45600 0 GREIF BROS CORP COM 397624107 3385 51580 SH SOLE 51580 0 0 GREIF BROS CORP COM 397624107 1898 28930 SH OTHER 01 0 28930 0 GSI COMM INC COM COM 36238G102 3346 216156 SH SOLE 216156 0 0 GSI COMM INC COM COM 36238G102 1814 117208 SH OTHER 01 0 117208 0 HAEMONETICS CORP COM COM 405024100 2445 39610 SH SOLE 39610 0 0 HAEMONETICS CORP COM COM 405024100 1313 21280 SH OTHER 01 0 21280 0 HANOVER INS GROUP INC COM COM 410867105 929 20400 SH OTHER 01 0 20400 0 HARLEYSVILLE NATL CORP PA COM COM 412850109 1476 86945 SH OTHER 01 0 86945 0 HARMONIC INC COM COM 413160102 3263 386180 SH SOLE 386180 0 0 HARMONIC INC COM COM 413160102 1676 198345 SH OTHER 01 0 198345 0 HCC INS HLDGS INC COM COM 404132102 2188 81050 SH OTHER 01 0 81050 0 HEARTLAND FINL USA INC COM COM 42234Q102 646 25778 SH OTHER 01 0 25778 0 HERSHA HOSPITALITY TR PRIORITY COM 427825104 329 44205 SH OTHER 01 0 44205 0 HF FINL CORP COM COM 404172108 329 25261 SH OTHER 01 0 25261 0 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 1756 45476 SH SOLE 45476 0 0 HORNBECK OFFSHORE SVCS INC NCO COM 440543106 913 23653 SH OTHER 01 0 23653 0 HUB GROUP INC CL A COM 443320106 2338 62088 SH SOLE 62088 0 0 HUB GROUP INC CL A COM 443320106 1321 35084 SH OTHER 01 0 35084 0 IBERIABANK CORP COM COM 450828108 999 18900 SH OTHER 01 0 18900 0 ICONIX BRAND GROUP INC COM COM 451055107 2874 219696 SH SOLE 219696 0 0 ICONIX BRAND GROUP INC COM COM 451055107 1596 122056 SH OTHER 01 0 122056 0 II-VI INC COM COM 902104108 5391 139443 SH SOLE 139443 0 0 II-VI INC COM COM 902104108 2962 76628 SH OTHER 01 0 76628 0 ILLUMINA INC COM COM 452327109 2447 60382 SH SOLE 60382 0 0 ILLUMINA INC COM COM 452327109 1366 33710 SH OTHER 01 0 33710 0 IMMUCOR INC COM COM 452526106 3315 103732 SH SOLE 103732 0 0 IMMUCOR INC COM COM 452526106 1826 57136 SH OTHER 01 0 57136 0 INDEPENDENT BK CORP MASS COM COM 453836108 1029 33000 SH OTHER 01 0 33000 0 INTERNATIONAL BANCSHARES CORCO COM 459044103 1704 63100 SH OTHER 01 0 63100 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 1638 201941 SH SOLE 201941 0 0 INTERNET CAPITAL GROUP INC (NE COM 46059C205 948 116851 SH OTHER 01 0 116851 0 INVENTIV HEALTH INC COM 46122E105 1379 78110 SH SOLE 78110 0 0 INVENTIV HEALTH INC COM 46122E105 736 41665 SH OTHER 01 0 41665 0 INVESTMENT TECHNOLOGY GRP NECO COM 46145F105 414 13600 SH OTHER 01 0 13600 0 ITRON INC COM COM 465741106 1802 20360 SH SOLE 20360 0 0 ITRON INC COM COM 465741106 1005 11355 SH OTHER 01 0 11355 0 IXIA COM COM 45071R109 1835 248991 SH SOLE 248991 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 4 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
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 947 128449 SH OTHER 01 0 128449 0 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 1083 46390 SH SOLE 46390 0 0 J2 GLOBAL COMMUNICATONS INC CO COM 46626E205 605 25900 SH OTHER 01 0 25900 0 KBW INC COM 482423100 1314 39900 SH OTHER 01 0 39900 0 KENDLE INTERNATIONAL INC COM COM 48880L107 3859 86311 SH SOLE 86311 0 0 KENDLE INTERNATIONAL INC COM COM 48880L107 2164 48406 SH OTHER 01 0 48406 0 KENNAMETAL INC COM COM 489170100 2547 93920 SH SOLE 93920 0 0 KENNAMETAL INC COM COM 489170100 1423 52460 SH OTHER 01 0 52460 0 KOPPERS HOLDINGS INC COM 50060P106 2371 63372 SH SOLE 63372 0 0 KOPPERS HOLDINGS INC COM 50060P106 1340 35821 SH OTHER 01 0 35821 0 LAKELAND FINL CORP COM COM 511656100 750 34138 SH OTHER 01 0 34138 0 LAWSON SOFTWARE INC NEW COM COM 52078P102 1610 230050 SH SOLE 230050 0 0 LAWSON SOFTWARE INC NEW COM COM 52078P102 905 129270 SH OTHER 01 0 129270 0 LUMINEX CORP DEL COM COM 55027E102 1794 71748 SH SOLE 71748 0 0 LUMINEX CORP DEL COM COM 55027E102 933 37295 SH OTHER 01 0 37295 0 MARINER ENERGY INC COM COM 56845T305 1261 61515 SH SOLE 61515 0 0 MARINER ENERGY INC COM COM 56845T305 583 28446 SH OTHER 01 0 28446 0 MARTEK BIOSCIENCES CORP COM COM 572901106 2390 76060 SH SOLE 76060 0 0 MARTEK BIOSCIENCES CORP COM COM 572901106 1333 42430 SH OTHER 01 0 42430 0 MARVEL ENTERTAINMENT INC COM 57383T103 4891 143270 SH SOLE 143270 0 0 MARVEL ENTERTAINMENT INC COM 57383T103 2728 79920 SH OTHER 01 0 79920 0 MASIMO CORPORATION COM 574795100 3130 84146 SH SOLE 84146 0 0 MASIMO CORPORATION COM 574795100 1757 47228 SH OTHER 01 0 47228 0 MEADOWBROOK INS GROUP INC COM COM 58319P108 1437 203552 SH OTHER 01 0 203552 0 MEDAREX INC COM COM 583916101 1130 174614 SH SOLE 174614 0 0 MEDAREX INC COM COM 583916101 630 97367 SH OTHER 01 0 97367 0 MERCER INS GROUP INC COM COM 587902107 1217 74230 SH OTHER 01 0 74230 0 MET PRO CORP COM COM 590876306 623 42677 SH OTHER 01 0 42677 0 METROCORP BANCSHARES INC COM COM 591650106 1654 137813 SH OTHER 01 0 137813 0 MICROS SYS INC COM COM 594901100 2731 102442 SH SOLE 102442 0 0 MICROS SYS INC COM COM 594901100 1472 55230 SH OTHER 01 0 55230 0 MICROSEMI CORP COM COM 595137100 3307 129789 SH SOLE 129789 0 0 MICROSEMI CORP COM COM 595137100 1771 69499 SH OTHER 01 0 69499 0 MONOLITHIC PWR SYS INC COM COM 609839105 568 32702 SH SOLE 32702 0 0 MONOLITHIC PWR SYS INC COM COM 609839105 320 18406 SH OTHER 01 0 18406 0 MYR GROUP INC DEL COM COM 55405W104 600 47388 SH SOLE 47388 0 0 MYR GROUP INC DEL COM COM 55405W104 321 25359 SH OTHER 01 0 25359 0 MYRIAD GENETICS INC COM COM 62855J104 3194 49222 SH SOLE 49222 0 0 MYRIAD GENETICS INC COM COM 62855J104 1711 26379 SH OTHER 01 0 26379 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 3039 126880 SH SOLE 126880 0 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 2777 115930 SH OTHER 01 0 115930 0 NAVIGATORS GROUP INC COM COM 638904102 1173 20230 SH SOLE 20230 0 0 NAVIGATORS GROUP INC COM COM 638904102 2912 50214 SH OTHER 01 0 50214 0 NEUTRAL TANDEM, INC COM 64128B108 4098 221038 SH SOLE 221038 0 0 NEUTRAL TANDEM, INC COM 64128B108 2292 123602 SH OTHER 01 0 123602 0 NUANCE COMMUNICATIONS INC COM 67020Y100 2015 165340 SH SOLE 165340 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 1038 85190 SH OTHER 01 0 85190 0 OLD DOMINION FGHT LINES INC CO COM 679580100 1500 52925 SH SOLE 52925 0 0 OLD DOMINION FGHT LINES INC CO COM 679580100 870 30704 SH OTHER 01 0 30704 0 OMNICELL INC COM COM 68213N109 1490 113304 SH SOLE 113304 0 0 OMNICELL INC COM COM 68213N109 870 66152 SH OTHER 01 0 66152 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 5 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ONYX PHARMACEUTICALS INC COM COM 683399109 1577 43598 SH SOLE 43598 0 0 ONYX PHARMACEUTICALS INC COM COM 683399109 892 24649 SH OTHER 01 0 24649 0 OSI PHARMACEUTICALS INC COM COM 671040103 1629 33044 SH SOLE 33044 0 0 OSI PHARMACEUTICALS INC COM COM 671040103 914 18537 SH OTHER 01 0 18537 0 PENN VIRGINIA CORP COM 707882106 2806 52516 SH SOLE 52516 0 0 PENN VIRGINIA CORP COM 707882106 1560 29183 SH OTHER 01 0 29183 0 PERRIGO CO COM COM 714290103 4678 121620 SH SOLE 121620 0 0 PERRIGO CO COM COM 714290103 2408 62610 SH OTHER 01 0 62610 0 PHASE FORWARD INC COM COM 71721R406 4749 227102 SH SOLE 227102 0 0 PHASE FORWARD INC COM COM 71721R406 2268 108469 SH OTHER 01 0 108469 0 PHILADELPHIA CONS HLDG CORP CO COM 717528103 3586 61222 SH OTHER 01 0 61222 0 PINNACLE FINL PARTNERS INC COM COM 72346Q104 2412 78300 SH OTHER 01 0 78300 0 PRINCETON NATL BANCORP INC COM COM 742282106 1083 43310 SH OTHER 01 0 43310 0 PRIVATEBANCORP INC COM COM 742962103 2959 71016 SH SOLE 71016 0 0 PRIVATEBANCORP INC COM COM 742962103 4753 114088 SH OTHER 01 0 114088 0 PROSPERITY BANCSHARES INC COM COM 743606105 2194 64560 SH SOLE 64560 0 0 PROSPERITY BANCSHARES INC COM COM 743606105 4519 132939 SH OTHER 01 0 132939 0 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 5184 136590 SH SOLE 136590 0 0 PSYCHIATRIC SOLUTIONS INC COM COM 74439H108 2799 73761 SH OTHER 01 0 73761 0 RAYMOND JAMES FINL INC COM COM 754730109 1016 30800 SH OTHER 01 0 30800 0 ROCK-TENN CO CL A COM 772739207 1181 29552 SH SOLE 29552 0 0 ROCK-TENN CO CL A COM 772739207 702 17556 SH OTHER 01 0 17556 0 RTI BIOLOGICS INC COM COM 74975N105 757 80913 SH SOLE 80913 0 0 RTI BIOLOGICS INC COM COM 74975N105 422 45099 SH OTHER 01 0 45099 0 SANDERS MORRIS HARRIS GROUP CO COM 80000Q104 188 21755 SH OTHER 01 0 21755 0 SANGAMO BIOSCIENCES INC COM COM 800677106 415 53916 SH SOLE 53916 0 0 SANGAMO BIOSCIENCES INC COM COM 800677106 224 29087 SH OTHER 01 0 29087 0 SBA COMMUNICATIONS CORP CL A COM 78388J106 3547 137098 SH SOLE 137098 0 0 SBA COMMUNICATIONS CORP CL A COM 78388J106 1885 72869 SH OTHER 01 0 72869 0 SEQUENOM INC COM NEW COM 817337405 3555 133560 SH SOLE 133560 0 0 SEQUENOM INC COM NEW COM 817337405 1902 71450 SH OTHER 01 0 71450 0 SIGNATURE BK NEW YORK N Y COM COM 82669G104 1550 44445 SH OTHER 01 0 44445 0 SMITH & WESSON HLDG CORP COM COM 831756101 1130 302176 SH SOLE 302176 0 0 SMITH & WESSON HLDG CORP COM COM 831756101 564 150854 SH OTHER 01 0 150854 0 SMITHTOWN BANCORP INC COM COM 832449102 3248 144352 SH OTHER 01 0 144352 0 SOUTHSIDE BANCSHARES INC COM COM 84470P109 464 18400 SH OTHER 01 0 18400 0 SOUTHWEST BANCORP INC OKLA COM COM 844767103 1179 66700 SH OTHER 01 0 66700 0 STERLING BANCSHARES INC COM COM 858907108 944 90300 SH OTHER 01 0 90300 0 STIFEL FINL CORP COM COM 860630102 2601 52134 SH OTHER 01 0 52134 0 SUCCESSFACTORS INC COM 864596101 1354 124266 SH SOLE 124266 0 0 SUCCESSFACTORS INC COM 864596101 760 69714 SH OTHER 01 0 69714 0 SVB FINL GROUP COM COM 78486Q101 2713 46837 SH SOLE 46837 0 0 SVB FINL GROUP COM COM 78486Q101 4467 77130 SH OTHER 01 0 77130 0 TAMALPAIS BANCORP COM 87485H103 1176 94316 SH OTHER 01 0 94316 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2901 139755 SH SOLE 139755 0 0 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 5928 285550 SH OTHER 01 0 285550 0 THERMADYNE HLDGS CORP NEW COM COM 883435307 1303 78182 SH SOLE 78182 0 0 THERMADYNE HLDGS CORP NEW COM COM 883435307 698 41846 SH OTHER 01 0 41846 0 THESTREET COM INC COM COM 88368Q103 999 166844 SH SOLE 166844 0 0 THESTREET COM INC COM COM 88368Q103 1515 252850 SH OTHER 01 0 252850 0 THORATEC LABS CORP COM NEW COM 885175307 5229 199196 SH SOLE 199196 0 0
EMERALD MUTUAL FUND ADVISERS TRUST PAGE 6 FORM 13F INFORMATION TABLE AS OF DATE: 09/30/08
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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- THORATEC LABS CORP COM NEW COM 885175307 2738 104303 SH OTHER 01 0 104303 0 TRUE RELIGION APPAREL INC COM COM 89784N104 1233 47686 SH SOLE 47686 0 0 TRUE RELIGION APPAREL INC COM COM 89784N104 850 32893 SH OTHER 01 0 32893 0 T-3 ENERGY SRVCS INC COM COM 87306E107 1080 29098 SH SOLE 29098 0 0 T-3 ENERGY SRVCS INC COM COM 87306E107 584 15724 SH OTHER 01 0 15724 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 1778 133888 SH SOLE 133888 0 0 ULTA SALON COSMETICS & FRAGR COM 90384S303 884 66579 SH OTHER 01 0 66579 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 3417 126538 SH SOLE 126538 0 0 ULTIMATE SOFTWARE GROUP INC CO COM 90385D107 1960 72580 SH OTHER 01 0 72580 0 UNITED AMERICA INDEMNITY LTD C COM 90933T109 411 28585 SH OTHER 01 0 28585 0 UNITED CMNTY BKS INC CDT-CAP S COM 90984P105 237 17906 SH OTHER 01 0 17906 0 UNITED ONLINE INC COM COM 911268100 1457 154810 SH SOLE 154810 0 0 UNITED ONLINE INC COM COM 911268100 816 86740 SH OTHER 01 0 86740 0 URSTADT BIDDLE PPTYS INC CL A COM 917286205 1500 80000 SH OTHER 01 0 80000 0 VALLEY NATL BANCORP COM COM 919794107 481 22940 SH OTHER 01 0 22940 0 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 948 37720 SH SOLE 37720 0 0 VARIAN SEMICONDUCTOR EQUIPTMCO COM 922207105 459 18254 SH OTHER 01 0 18254 0 VIASAT INC COM COM 92552V100 3136 133002 SH SOLE 133002 0 0 VIASAT INC COM COM 92552V100 1661 70447 SH OTHER 01 0 70447 0 VISTAPRINT LIMITED SHS COM G93762204 1152 35089 SH SOLE 35089 0 0 VISTAPRINT LIMITED SHS COM G93762204 746 22729 SH OTHER 01 0 22729 0 VOLCANO CORPORATION COM COM 928645100 1952 112920 SH SOLE 112920 0 0 VOLCANO CORPORATION COM COM 928645100 1078 62343 SH OTHER 01 0 62343 0 WABTEC CORPORATION COM 929740108 4837 94410 SH SOLE 94410 0 0 WABTEC CORPORATION COM 929740108 2491 48615 SH OTHER 01 0 48615 0 WADDELL & REED FINL INC CL A COM 930059100 1044 42200 SH OTHER 01 0 42200 0 WASHINGTON TR BANCORP INC COM COM 940610108 1729 65000 SH OTHER 01 0 65000 0 WASTE CONNECTIONS INC COM COM 941053100 2506 73058 SH SOLE 73058 0 0 WASTE CONNECTIONS INC COM COM 941053100 1398 40748 SH OTHER 01 0 40748 0 WEBSTER FINL CORP WATERBURY CO COM 947890109 939 37200 SH OTHER 01 0 37200 0 WESTFIELD FINL INC COM COM 96008P104 1172 113800 SH OTHER 01 0 113800 0 WET SEAL INC CL A COM 961840105 1806 497485 SH SOLE 497485 0 0 WET SEAL INC CL A COM 961840105 1021 281262 SH OTHER 01 0 281262 0 WILLBROS GROUP INC COM COM 969199108 1595 60181 SH SOLE 60181 0 0 WILLBROS GROUP INC COM COM 969199108 854 32210 SH OTHER 01 0 32210 0 WILSHIRE BANCORP INC COM 97186T108 757 62230 SH SOLE 62230 0 0 WILSHIRE BANCORP INC COM 97186T108 2135 175416 SH OTHER 01 0 175416 0 WSFS FINL CORP COM COM 929328102 618 10300 SH OTHER 01 0 10300 0 YADKIN VALLEY FINANCIAL CORPOR COM 984314104 1548 91300 SH OTHER 01 0 91300 0 ZIONS BANCORPORATION COM COM 989701107 306 7900 SH OTHER 01 0 7900 0 LINE COUNT: 295
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