Emerald Mutual Fund Advisers Trust 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
APPLE INC	COM	037833100	1,744	12,622	SH		SOLE		12,622	0	0
ABBOTT LABS	COM	002824100	224	2,318	SH		SOLE		2,318	0	0
ACADIA PHARMACEUTICALS INC	COM	004225108	16,896	1,032,739	SH		SOLE		1,032,739	0	0
PLAYAGS INC	COM	72814N104	2,325	438,721	SH		SOLE		438,721	0	0
ADAPTHEALTH CORP	COM	00653Q102	13,137	699,538	SH		SOLE		699,538	0	0
ALTRA INDUSTRIAL MOTION CORP	COM	02208R106	6,141	182,654	SH		SOLE		182,654	0	0
ALKERMES PLC	COM	G01767105	4,604	206,180	SH		SOLE		206,180	0	0
AMBARELLA INC	COM	G037AX101	3,587	63,850	SH		SOLE		63,850	0	0
AMYLYX PHARMACEUTICALS INC	COM	03237H101	13,284	471,887	SH		SOLE		471,887	0	0
AMERESCO INC	COM	02361E108	10,985	165,242	SH		SOLE		165,242	0	0
AMAZON.COM, INC	COM	023135106	777	6,872	SH		SOLE		6,872	0	0
ANI PHARMACEUTICALS INC	COM	00182C103	10,876	338,398	SH		SOLE		338,398	0	0
ARHAUS INC	COM	04035M102	3,002	425,778	SH		SOLE		425,778	0	0
ARIS WATER SOLUTION INC	COM	04041L106	10,318	808,588	SH		SOLE		808,588	0	0
ARVINAS INC	COM	04335A105	8,984	201,929	SH		SOLE		201,929	0	0
ATRICURE INC	COM	04963C209	13,649	349,080	SH		SOLE		349,080	0	0
AVIENT CORPORATION	COM	05368V106	5,145	169,790	SH		SOLE		169,790	0	0
AXOS FINANCIAL INC	COM	05465C100	2,122	62,003	SH		SOLE		62,003	0	0
ALTERYX INC	COM	02156B103	184	3,295	SH		SOLE		3,295	0	0
BJ'S RESTAURANT INC	COM	09180C106	5,446	228,334	SH		SOLE		228,334	0	0
BAKKT HOLDINGS INC	COM	05759B107	85	37,105	SH		SOLE		37,105	0	0
BANXA HOLDINGS INC	COM	06683R101	390	772,040	SH		SOLE		772,040	0	0
BLUEPRINT MEDICINES CORP	COM	09627Y109	16,713	253,645	SH		SOLE		253,645	0	0
BRP GROUP INC	COM	05589G102	26,432	1,003,128	SH		SOLE		1,003,128	0	0
BABCOCK & WILCOX ENTERPRISES	COM	05614L209	6,899	1,081,393	SH		SOLE		1,081,393	0	0
PATHWARD FINANCIAL INC	COM	59100U108	312	9,469	SH		SOLE		9,469	0	0
CAPITAL BANCORP INC	COM	139737100	313	13,544	SH		SOLE		13,544	0	0
COASTAL FINANCIAL CORP	COM	19046P209	5,150	129,603	SH		SOLE		129,603	0	0
CROWN HOLDINGS INC	COM	228368106	184	2,269	SH		SOLE		2,269	0	0
CNB FINL CORP PA	COM	126128107	3,629	153,966	SH		SOLE		153,966	0	0
COGENT COMMUNICATIONS HOLDINGS	COM	19239V302	9,597	183,989	SH		SOLE		183,989	0	0
CADENCE DESIGN SYS INC	COM	127387108	194	1,184	SH		SOLE		1,184	0	0
CELSIUS HOLDINGS INC	COM	15118V207	13,806	152,245	SH		SOLE		152,245	0	0
CHURCHILL DOWNS INC	COM	171484108	25,683	139,466	SH		SOLE		139,466	0	0
COHERUS BIOSCIENCES	COM	19249H103	1,838	191,245	SH		SOLE		191,245	0	0
CHUY'S HOLDINGS INC	COM	171604101	8,493	366,376	SH		SOLE		366,376	0	0
CLEANSPARK INC	COM	18452B209	720	226,445	SH		SOLE		226,445	0	0
COMMUNITY HERITAGE FINANCIAL INC	COM	20370L103	2,419	116,842	SH		SOLE		116,842	0	0
CINEMARK HOLDINGS INC	COM	17243V102	4,133	341,312	SH		SOLE		341,312	0	0
CONNECTONE BANCORP INC	COM	20786W107	571	24,740	SH		SOLE		24,740	0	0
COHERENT CORP	COM	19247G107	5,644	161,960	SH		SOLE		161,960	0	0
COINBASE GLOBAL INC	COM	19260Q107	151	2,340	SH		SOLE		2,340	0	0
COLLEGIUM PHARMACEUTICAL INC	COM	19459J104	11,140	695,393	SH		SOLE		695,393	0	0
CORE SCIENTIFIC INC	COM	21873J108	306	235,707	SH		SOLE		235,707	0	0
COSTCO WHOLESALE CORP	COM	22160K105	142	300	SH		SOLE		300	0	0
CREDO TECHNOLOGY GROUP HOLDINGS	COM	G25457105	3,426	311,432	SH		SOLE		311,432	0	0
CARPENTER TECHNOLOGY CORP	COM	144285103	16,109	517,312	SH		SOLE		517,312	0	0
CROWDSTRIKE HOLDINGS INC	COM	22788C105	288	1,748	SH		SOLE		1,748	0	0
CUSTOMERS BANCORP INC	COM	23204G100	15,001	508,854	SH		SOLE		508,854	0	0
CUTERA INC	COM	232109108	17,577	385,462	SH		SOLE		385,462	0	0
CVRx INC	COM	126638105	827	88,630	SH		SOLE		88,630	0	0
CVS CORP	COM	126650100	273	2,862	SH		SOLE		2,862	0	0
CYTOKENETICS INC	COM	23282W605	14,143	291,903	SH		SOLE		291,903	0	0
DOCGO INC	COM	256086109	15,082	1,520,410	SH		SOLE		1,520,410	0	0
DICKS SPORTING GOODS INC	COM	253393102	242	2,311	SH		SOLE		2,311	0	0
EASTERN BANKSHARES INC	COM	27627N105	1,941	98,840	SH		SOLE		98,840	0	0
EBIX INC	COM	278715206	1,634	86,127	SH		SOLE		86,127	0	0
EXCELERATE ENERGY INC	COM	30069T101	13,015	556,211	SH		SOLE		556,211	0	0
ENTERPRISE FINL SVCS CORP	COM	293712105	3,245	73,689	SH		SOLE		73,689	0	0
ESQUIRE FINANCIAL HOLDINGS	COM	29667J101	305	8,990	SH		SOLE		8,990	0	0
EVERI HOLDINGS INC	COM	30034T103	26,298	1,621,343	SH		SOLE		1,621,343	0	0
EXPONENT INC	COM	30214U102	19,121	218,100	SH		SOLE		218,100	0	0
NATIONAL VISION HOLDINGS	COM	63845R107	20,719	634,586	SH		SOLE		634,586	0	0
FIRST ADVANTAGE CORP	COM	31846B108	6,158	479,939	SH		SOLE		479,939	0	0
FIRST FINL BANCSHARES INC	COM	32020R109	1,704	40,740	SH		SOLE		40,740	0	0
FIRST FOUNDATION INC	COM	32026V104	1,452	80,030	SH		SOLE		80,030	0	0
FINWISE BANCORP	COM	31813A109	4,476	495,675	SH		SOLE		495,675	0	0
FIVE BELOW	COM	33829M101	9,024	65,545	SH		SOLE		65,545	0	0
FORMFACTOR INC	COM	346375108	3,238	129,259	SH		SOLE		129,259	0	0
SHIFT4 PAYMENTS INC	COM	82452J109	19,456	436,125	SH		SOLE		436,125	0	0
FIRST REPUBLIC	COM	33616C100	3,462	26,515	SH		SOLE		26,515	0	0
FRESHPET INC	COM	358039105	19,693	393,153	SH		SOLE		393,153	0	0
PRIMIS FINANCIAL CORP	COM	74167B109	1,727	142,380	SH		SOLE		142,380	0	0
FORWARD AIR CORP COM	COM	349853101	15,541	172,183	SH		SOLE		172,183	0	0
GRAYSCALE BITCOIN TRUST btc	COM	389637109	2,459	215,470	SH		SOLE		215,470	0	0
GENERAC HOLDINGS INC	COM	368736104	215	1,206	SH		SOLE		1,206	0	0
ALPHABET INC CLA A	COM	02079K305	762	7,971	SH		SOLE		7,971	0	0
GOSSAMER BIO INC	COM	38341P102	9,033	753,981	SH		SOLE		753,981	0	0
CHART INDS INC	COM	16115Q308	40,091	217,471	SH		SOLE		217,471	0	0
GXO LOGISTICS INC	COM	36262G101	342	9,751	SH		SOLE		9,751	0	0
HYATT HOTELS CORPORATION	COM	448579102	146	1,802	SH		SOLE		1,802	0	0
HAEMONETICS CORPORATION	COM	405024100	19,726	266,463	SH		SOLE		266,463	0	0
HANNON ARMSTRONG INFRASTRUCTURE CAPITAL	COM	41068X100	2,205	73,657	SH		SOLE		73,657	0	0
HOME DEPOT INC	COM	437076102	118	428	SH		SOLE		428	0	0
HOULIHAN LOKEY	COM	441593100	11,744	155,802	SH		SOLE		155,802	0	0
HERC HOLDINGS INC	COM	42704L104	5,770	55,541	SH		SOLE		55,541	0	0
HIRERIGHT GIS GROUP HOLDINGS	COM	433537107	5,490	359,754	SH		SOLE		359,754	0	0
HV BANCORP INC	COM	40441H105	236	11,369	SH		SOLE		11,369	0	0
HORIZON THERAPEUTICS PLC	COM	G46188101	201	3,244	SH		SOLE		3,244	0	0
IntercontinentalExchange Group, Inc	COM	45866F104	131	1,450	SH		SOLE		1,450	0	0
IMAGO BIOSCIENCES INC	COM	45250K107	10,534	699,960	SH		SOLE		699,960	0	0
FIRST INTERNET BANCORP	COM	320557101	1,435	42,394	SH		SOLE		42,394	0	0
INTUIT INC	COM	461202103	69	179	SH		SOLE		179	0	0
IVERIC BIO INC	COM	46583P102	13,134	732,091	SH		SOLE		732,091	0	0
INTEGER HOLDINGS CORP	COM	45826H109	13,746	220,894	SH		SOLE		220,894	0	0
JACK IN THE BOX INC	COM	466367109	16,845	227,414	SH		SOLE		227,414	0	0
JAMF HOLDING CORP	COM	47074L105	5,522	249,172	SH		SOLE		249,172	0	0
KLA CORPORATION	COM	482480100	82	272	SH		SOLE		272	0	0
KINSALE CAPITAL GROUP INC	COM	49714P108	1,572	6,153	SH		SOLE		6,153	0	0
KARUNA THERAPEUTICS INC	COM	48576A100	21,752	96,706	SH		SOLE		96,706	0	0
KRATOS DEFENSE AND SECURITY	COM	50077B207	15,494	1,525,035	SH		SOLE		1,525,035	0	0
LENDINGCLUB CORP	COM	52603A208	3,876	350,792	SH		SOLE		350,792	0	0
LINBLAD EXPEDITIONS HOLDINGS	COM	535219109	2,956	437,210	SH		SOLE		437,210	0	0
ELI LILLY & CO	COM	532457108	91	281	SH		SOLE		281	0	0
CHENIERE ENERGY INC	COM	16411R208	338	2,035	SH		SOLE		2,035	0	0
LINKBANCORP INC	COM	53578P105	1,953	260,000	SH		SOLE		260,000	0	0
LANTHEUS HOLDINGS INC	COM	516544103	21,328	303,253	SH		SOLE		303,253	0	0
LIVE OAK BANCSHARES INC	COM	53803X105	3,283	107,294	SH		SOLE		107,294	0	0
MARATHON DIGITAL HOLDINGS INC	COM	565788106	188	17,520	SH		SOLE		17,520	0	0
MOELIS & CO	COM	60786M105	20,168	596,518	SH		SOLE		596,518	0	0
METROPOLITAN BANK HOLDING CO	COM	591774104	5,406	83,995	SH		SOLE		83,995	0	0
MECHANICS BANK RICHMOND CA	COM	583614102	1,325	53	SH		SOLE		53	0	0
MONGODB INC	COM	60937P106	98	496	SH		SOLE		496	0	0
MONTROSE ENVIRONMENTAL GROUP	COM	615111101	13,518	401,731	SH		SOLE		401,731	0	0
META PLATFORMS INC	COM	30303M102	129	952	SH		SOLE		952	0	0
MERIT MED SYS INC	COM	589889104	24,833	439,450	SH		SOLE		439,450	0	0
MANNKIND CORP	COM	56400P706	5,487	1,775,609	SH		SOLE		1,775,609	0	0
MODEL N INC	COM	607525102	20,270	592,161	SH		SOLE		592,161	0	0
MP MATERIALS CORP	COM	553368101	116	4,251	SH		SOLE		4,251	0	0
MID PENN BANCORP INC	COM	59540G107	4,404	153,281	SH		SOLE		153,281	0	0
MARVELL TECHNOLOGY	COM	573874104	127	2,952	SH		SOLE		2,952	0	0
MICROSOFT CORP	COM	594918104	1,619	6,953	SH		SOLE		6,953	0	0
MATCH GROUP INC	COM	57667L107	123	2,581	SH		SOLE		2,581	0	0
MATADOR RESOURCES CO	COM	576485205	15,172	310,136	SH		SOLE		310,136	0	0
MACOM TECHNOLOGY SOLUTIONS	COM	55405Y100	28,672	553,616	SH		SOLE		553,616	0	0
MVB FINANCIAL CORP	COM	553810102	621	22,300	SH		SOLE		22,300	0	0
NATIONAL BANK HOLDING	COM	633707104	2,702	73,048	SH		SOLE		73,048	0	0
NORTHEAST BANCORP	COM	66405S100	1,175	32,033	SH		SOLE		32,033	0	0
NOODLES AND COMPANY	COM	65540B105	4,654	990,285	SH		SOLE		990,285	0	0
NEOGENOMICS INC	COM	64049M209	6,614	768,186	SH		SOLE		768,186	0	0
NEWTEK BUSINESS SERVICES CORP	COM	652526203	930	56,970	SH		SOLE		56,970	0	0
NETFLIX INC	COM	64110L106	72	306	SH		SOLE		306	0	0
NIKE INC CL B	COM	654106103	77	927	SH		SOLE		927	0	0
NORTHERN OIL AND GAS	COM	665531307	12,877	469,776	SH		SOLE		469,776	0	0
NVIDIA CORPORATION	COM	67066G104	517	4,261	SH		SOLE		4,261	0	0
NV5 GLOBAL INC	COM	62945V109	23,415	189,104	SH		SOLE		189,104	0	0
NEW YORK COMMUNITY BANCORP	COM	649445103	337	39,510	SH		SOLE		39,510	0	0
OCULAR THERAPEUTIX INC	COM	67576A100	4,491	1,082,103	SH		SOLE		1,082,103	0	0
ONTO INNOVATION INC	COM	683344105	4,992	77,944	SH		SOLE		77,944	0	0
OTC MARKETS GROUP INC	COM	67106F108	585	10,623	SH		SOLE		10,623	0	0
BLUE OWL CAPITAL	COM	09581B103	1,002	108,569	SH		SOLE		108,569	0	0
PALO ALTO NETWORKS, INC	COM	697435105	203	1,242	SH		SOLE		1,242	0	0
PACIRA BIOSCIENCES INC	COM	695127100	21,442	403,114	SH		SOLE		403,114	0	0
PDC ENERGY INC	COM	69327R101	157	2,714	SH		SOLE		2,714	0	0
PDF SOLUTIONS INC	COM	693282105	7,104	289,600	SH		SOLE		289,600	0	0
PROFRAC HOLDING CORP	COM	74319N100	14,638	962,418	SH		SOLE		962,418	0	0
PING IDENTITY HOLDING CORP	COM	72341T103	5,921	210,945	SH		SOLE		210,945	0	0
PALOMAR HOLDINGS INC	COM	69753M105	34,288	409,560	SH		SOLE		409,560	0	0
PLANET FITNESS INC	COM	72703H101	18,253	316,570	SH		SOLE		316,570	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	329	4,060	SH		SOLE		4,060	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	29,987	968,562	SH		SOLE		968,562	0	0
PERFICIENT INC	COM	71375U101	21,323	327,938	SH		SOLE		327,938	0	0
PRIVIA HEALTH GROUP INC	COM	74276R102	10,231	300,375	SH		SOLE		300,375	0	0
PURE STORAGE	COM	74624M102	142	5,196	SH		SOLE		5,196	0	0
PORTILLOS INC	COM	73642K106	12,427	631,152	SH		SOLE		631,152	0	0
PROVIDENT BANCORP INC	COM	74383L105	1,051	73,480	SH		SOLE		73,480	0	0
POWER REIT	COM	73933H101	1,757	164,638	SH		SOLE		164,638	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	186	2,159	SH		SOLE		2,159	0	0
ULTRAGENYX PHARMACEUTICAL INC	COM	90400D108	9,864	238,204	SH		SOLE		238,204	0	0
REPLIMUNE GROUP INC	COM	76029N106	16,682	965,938	SH		SOLE		965,938	0	0
REATA PHARMACEUTICALS INC	COM	75615P103	11,075	440,718	SH		SOLE		440,718	0	0
RYMAN HOSPITALITY PROPERTIES	COM	78377T107	8,328	113,162	SH		SOLE		113,162	0	0
RIOT BLOCKCHAIN INC	COM	767292105	1,156	164,901	SH		SOLE		164,901	0	0
RAPID7 INC	COM	753422104	16,368	381,542	SH		SOLE		381,542	0	0
SEACOAST BANKING CORPORATION OF FLORIDA	COM	811707801	1,076	35,580	SH		SOLE		35,580	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	4,347	28,785	SH		SOLE		28,785	0	0
SEAWORLD ENTERTAINMENT	COM	81282V100	7,580	166,565	SH		SOLE		166,565	0	0
VIVID SEATS INC	COM	92854T100	93	12,152	SH		SOLE		12,152	0	0
SERVISFIRST BANCSHARES INC	COM	81768T108	2,634	32,928	SH		SOLE		32,928	0	0
SILVERGATE CAPITAL CORPORATION	COM	82837P408	13,410	177,972	SH		SOLE		177,972	0	0
SVB FINL GROUP	COM	78486Q101	3,726	11,096	SH		SOLE		11,096	0	0
SKYWATER TECHNOLOGY INC	COM	83089J108	3,969	518,814	SH		SOLE		518,814	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	30,273	549,712	SH		SOLE		549,712	0	0
SCOTTS MIRACLE GRO COMPANY	COM	810186106	108	2,538	SH		SOLE		2,538	0	0
SIMPLY GOOD FOODS CO	COM	82900L102	32,397	1,012,720	SH		SOLE		1,012,720	0	0
TOKENS.COM CORP	COM	88908C101	217	1,316,448	SH		SOLE		1,316,448	0	0
SUN COUNTRY AIRLINES HOLDING	COM	866683105	5,126	376,619	SH		SOLE		376,619	0	0
SOFI TECHNOLOGIES	COM	83406F102	102	20,978	SH		SOLE		20,978	0	0
S&P GLOBAL INC	COM	78409V104	89	291	SH		SOLE		291	0	0
SEASPINE HOLDINGS CORP	COM	81255T108	4,206	740,425	SH		SOLE		740,425	0	0
BLOCK INC	COM	852234103	100	1,810	SH		SOLE		1,810	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	280	2,529	SH		SOLE		2,529	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	9,260	273,568	SH		SOLE		273,568	0	0
SYMBOTIC INC	COM	87151X101	791	68,777	SH		SOLE		68,777	0	0
THE BANCORP INC	COM	05969A105	5,179	235,646	SH		SOLE		235,646	0	0
TRIUMPH BANCORP	COM	89679E300	8,586	157,982	SH		SOLE		157,982	0	0
TENABLE HOLDING	COM	88025T102	5,897	169,457	SH		SOLE		169,457	0	0
TERADYNE INC	COM	880770102	95	1,270	SH		SOLE		1,270	0	0
THORNE HEALTHTECH INC	COM	885260109	3,987	843,008	SH		SOLE		843,008	0	0
TJX COS.	COM	872540109	360	5,796	SH		SOLE		5,796	0	0
TREACE MEDICAL CONCEPTS INC	COM	89455T109	20,117	911,509	SH		SOLE		911,509	0	0
TRANSMEDICS GROUP INC	COM	89377M109	16,047	384,447	SH		SOLE		384,447	0	0
TANDEM DIABETES CARE INC	COM	875372203	11,506	240,460	SH		SOLE		240,460	0	0
TRINET GROUP IN	COM	896288107	24,232	340,240	SH		SOLE		340,240	0	0
TREX INC	COM	89531P105	1,321	30,062	SH		SOLE		30,062	0	0
TRINITY CAPITAL INC	COM	896442308	6,792	542,087	SH		SOLE		542,087	0	0
TERRENO REALTY CORP	COM	88146M101	4,562	86,092	SH		SOLE		86,092	0	0
TESLA MOTORS, INC	COM	88160R101	311	1,173	SH		SOLE		1,173	0	0
TETRA TECH INC	COM	88162G103	8,297	64,551	SH		SOLE		64,551	0	0
TETRA TECHNOLOGIES	COM	88162F105	9,318	2,595,623	SH		SOLE		2,595,623	0	0
TAKE TWO INTERACTIVE SOFTWARE	COM	874054109	188	1,722	SH		SOLE		1,722	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	273	541	SH		SOLE		541	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	21,528	102,817	SH		SOLE		102,817	0	0
UTZ BRANDS INC	COM	918090101	4,636	307,043	SH		SOLE		307,043	0	0
VISA INC-CLASS A	COM	92826C839	375	2,109	SH		SOLE		2,109	0	0
VISTEON CORP	COM	92839U206	16,790	158,305	SH		SOLE		158,305	0	0
VIAVI SOLUTIONS INC	COM	925550105	9,147	700,909	SH		SOLE		700,909	0	0
VARONIS SYSTEMS INC	COM	922280102	20,713	781,035	SH		SOLE		781,035	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	3,375	51,340	SH		SOLE		51,340	0	0
CACTUS INC	COM	127203107	19,046	495,592	SH		SOLE		495,592	0	0
PETCO HEALTH AND WELLNESS CO	COM	71601V105	11,941	1,069,941	SH		SOLE		1,069,941	0	0
WILLSCOT MOBILE MINI HOLDING	COM	971378104	323	8,003	SH		SOLE		8,003	0	0
YETI HOLDINGS INC	COM	98585X104	7,645	268,069	SH		SOLE		268,069	0	0
ZEVIA PBC	COM	98955K104	4,044	936,210	SH		SOLE		936,210	0	0