Emerald Mutual Fund Advisers Trust 13F-HR/A Quarterly holdings report by institutional manager (amended)

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

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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
APPLIED OPTOELECTRONICS INC	COM	03823U102	3,724	248,097	SH		SOLE		248,097	0	0
ABC BANCORP	COM	03076K108	1,147	54,320	SH		SOLE		54,320	0	0
ATLANTIC COAST FINANCIAL CORP	COM	048426100	977	225,594	SH		SOLE		225,594	0	0
ACADIA HEALTHCAREPANY INC	COM	00404A109	14,890	314,598	SH		SOLE		314,598	0	0
AEGERION PHARMACEUTICALS INC	COM	00767E102	2,124	29,931	SH		SOLE		29,931	0	0
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	466	31,650	SH		SOLE		31,650	0	0
AMTRUST FINANCIAL SERVICES	COM	032359309	8,724	266,867	SH		SOLE		266,867	0	0
AKORN INC	COM	009728106	11,146	452,740	SH		SOLE		452,740	0	0
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	10,845	168,661	SH		SOLE		168,661	0	0
AMERICAN BUSINESS BK LA CALI	COM	02475L105	773	25,532	SH		SOLE		25,532	0	0
ARTISAN PARTNERS ASSET MGMT	COM	04316A108	320	4,914	SH		SOLE		4,914	0	0
APOGEE ENTERPRISES INC	COM	037598109	4,377	121,897	SH		SOLE		121,897	0	0
ARUBA NETWORKS INC	COM	043176106	5,065	282,940	SH		SOLE		282,940	0	0
ASTRONICS CORP	COM	046433108	2,509	49,191	SH		SOLE		49,191	0	0
HOMEAWAY INC	COM	43739Q100	12,643	309,272	SH		SOLE		309,272	0	0
ACUITY BRANDS INC	COM	00508Y102	9,050	82,780	SH		SOLE		82,780	0	0
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	1,048	219,803	SH		SOLE		219,803	0	0
FIRST PACTRUST BANCORP INC	COM	33589V101	558	41,600	SH		SOLE		41,600	0	0
BRIDGE CAPITAL HOLDINGS	COM	108030107	221	10,750	SH		SOLE		10,750	0	0
BRIGHTCOVE	COM	10921T101	6,293	445,077	SH		SOLE		445,077	0	0
BLACK DIAMOND INC	COM	09202G101	4,656	349,322	SH		SOLE		349,322	0	0
BRIDGE BANCORP INC	COM	108035106	1,001	38,500	SH		SOLE		38,500	0	0
SAUL CTRS INC	COM	804395101	242	5,060	SH		SOLE		5,060	0	0
BIND THERAPEUTICS INC	COM	05548N107	4,309	285,584	SH		SOLE		285,584	0	0
BANKUNITED INC	COM	06652K103	1,807	54,883	SH		SOLE		54,883	0	0
INFOBLOX INC	COM	45672H104	10,030	303,743	SH		SOLE		303,743	0	0
BRYN MAWR BK CORP	COM	117665109	552	18,290	SH		SOLE		18,290	0	0
BNC BANCORP	COM	05566T101	241	14,070	SH		SOLE		14,070	0	0
BOFI HLDG INC	COM	05566U108	2,100	26,770	SH		SOLE		26,770	0	0
CASCADE BANCORP	COM	147154207	376	71,800	SH		SOLE		71,800	0	0
CALAMP CORP	COM	128126109	9,904	354,110	SH		SOLE		354,110	0	0
META FINANCIAL GROUP, INC	COM	59100U108	1,205	29,870	SH		SOLE		29,870	0	0
CASS INFORMATION SYS INC	COM	14808P109	1,012	15,022	SH		SOLE		15,022	0	0
CAVIUM INC	COM	14964U108	4,596	133,173	SH		SOLE		133,173	0	0
CHRISTOPHER & BANKS COPR	COM	171046105	3,853	451,119	SH		SOLE		451,119	0	0
CAMBREX	COM	132011107	9,750	546,811	SH		SOLE		546,811	0	0
CHEMICAL FINANCIAL CORP	COM	163731102	633	20,000	SH		SOLE		20,000	0	0
CHEGG INC	COM	163092109	3,624	425,810	SH		SOLE		425,810	0	0
CHUY`S HOLDINGS INC	COM	171604101	4,839	134,337	SH		SOLE		134,337	0	0
CIENA CORP	COM	171779309	2,622	109,570	SH		SOLE		109,570	0	0
CARMIKE CINEMAS INC	COM	143436400	3,953	141,972	SH		SOLE		141,972	0	0
CORTLAND BANCORP	COM	220587109	204	19,926	SH		SOLE		19,926	0	0
CENTER BANCORP INC	COM	151408101	1,021	54,424	SH		SOLE		54,424	0	0
CONNECTONE BANCORP INC	COM	20786U101	1,794	45,280	SH		SOLE		45,280	0	0
COBIZ INC	COM	190897108	8,178	683,779	SH		SOLE		683,779	0	0
CEPHEID	COM	15670R107	7,913	169,553	SH		SOLE		169,553	0	0
CALIFORNIA REP BANCORP	COM	13056P100	2,050	86,489	SH		SOLE		86,489	0	0
CAPITALSOURCE INC	COM	14055X102	640	44,538	SH		SOLE		44,538	0	0
CORNERSTONE ONDEMAND INC	COM	21925Y103	7,525	141,149	SH		SOLE		141,149	0	0
CONTROL4 CORP	COM	21240D107	1,878	106,129	SH		SOLE		106,129	0	0
CUBESMART	COM	229663109	338	21,230	SH		SOLE		21,230	0	0
CUSTOMERS BANCORP INC	COM	23204G100	5,863	286,541	SH		SOLE		286,541	0	0
CU BANCORP CALIF	COM	126534106	1,350	77,229	SH		SOLE		77,229	0	0
CENTRAL VALLEY CMNTY BANCORPCOM	COM	155685100	389	34,580	SH		SOLE		34,580	0	0
CYNOSURE INC.	COM	232577205	5,093	191,180	SH		SOLE		191,180	0	0
CITIZENS FINL SVCS INC	COM	174615104	390	7,571	SH		SOLE		7,571	0	0
PHYSICIANS REALTY TRUST	COM	71943U104	675	53,010	SH		SOLE		53,010	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	321	27,780	SH		SOLE		27,780	0	0
DIAMOND RESORTS INTERNATIONAL	COM	25272T104	994	53,830	SH		SOLE		53,830	0	0
DORAL FINANCIAL CORP	COM	25811P852	175	11,200	SH		SOLE		11,200	0	0
MERIDIAN INTERSTAT BANCORP ICOM	COM	58964Q104	469	20,777	SH		SOLE		20,777	0	0
CHANNELADVISOR CORP	COM	159179100	8,725	209,190	SH		SOLE		209,190	0	0
EAGLE BANCORP INC MD	COM	268948106	1,482	48,390	SH		SOLE		48,390	0	0
8X8 INC NEW	COM	282914100	8,456	833,152	SH		SOLE		833,152	0	0
GLOBAL EAGLE ENTERTAINMENT	COM	37951D102	2,456	165,140	SH		SOLE		165,140	0	0
EPAM SYSTEMS INC	COM	29414B104	10,413	298,019	SH		SOLE		298,019	0	0
ELMIRA SVGS BK ELMIRA N Y	COM	289660102	911	36,163	SH		SOLE		36,163	0	0
EVERBANK FINL CORP	COM	29977G102	2,147	117,085	SH		SOLE		117,085	0	0
EVERCORE PARTNERS INC-CL A	COM	29977A105	9,116	152,497	SH		SOLE		152,497	0	0
EAST WEST BANCORP INC	COM	27579R104	812	23,220	SH		SOLE		23,220	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	5,207	98,469	SH		SOLE		98,469	0	0
FARO TECHNOLOGIES INC	COM	311642102	6,120	104,976	SH		SOLE		104,976	0	0
FLAGSTAR BANCORP INC	COM	337930705	2,478	126,310	SH		SOLE		126,310	0	0
FIRST BUS FINL SVCS INC WIS	COM	319390100	945	25,125	SH		SOLE		25,125	0	0
FIRST BANCORP	COM	318672706	227	36,640	SH		SOLE		36,640	0	0
FIRST CAPITAL BANCORP, INC	COM	319438107	418	90,134	SH		SOLE		90,134	0	0
FLUSHING FINL CORP	COM	343873105	259	12,500	SH		SOLE		12,500	0	0
FIRST FINL BANCSHARES INC	COM	32020R109	1,398	21,150	SH		SOLE		21,150	0	0
FIVE BELOW	COM	33829M101	4,342	100,509	SH		SOLE		100,509	0	0
FIRST LONG IS CORP	COM	320734106	1,121	26,150	SH		SOLE		26,150	0	0
FIRSTMERIT CORPORATION	COM	337915102	775	34,860	SH		SOLE		34,860	0	0
FARMERS NATL BANC CORP	COM	309627107	684	104,453	SH		SOLE		104,453	0	0
FINANCIAL ENGINES INC	COM	317485100	3,632	52,269	SH		SOLE		52,269	0	0
FEDERATED NATIONAL HOLDING COMPANY	COM	31422T101	587	40,000	SH		SOLE		40,000	0	0
FIFTH & PACIFICPANIES INC	COM	316645100	11,842	369,240	SH		SOLE		369,240	0	0
FIRST BANK	COM	31931U102	412	65,100	SH		SOLE		65,100	0	0
GUARANTY BANCORP DEL	COM	40075T102	316	22,506	SH		SOLE		22,506	0	0
SYNAGEVA BIOPHARMA CORP	COM	87159A103	3,378	52,197	SH		SOLE		52,197	0	0
GIGAMON INC	COM	37518B102	6,557	233,515	SH		SOLE		233,515	0	0
GULFPORT ENERGY CORP	COM	402635304	7,722	122,325	SH		SOLE		122,325	0	0
GLIMCHER RLTY TR SH BEN INT	COM	379302102	591	63,190	SH		SOLE		63,190	0	0
GSV CAP CORP	COM	36191J101	1,867	154,445	SH		SOLE		154,445	0	0
CHART INDS INC PAR $0.01	COM	16115Q308	1,823	19,057	SH		SOLE		19,057	0	0
GRAY TELEVISION INC	COM	389375106	5,460	366,912	SH		SOLE		366,912	0	0
GUIDEWIRE SOFTWARE INC	COM	40171V100	4,283	87,287	SH		SOLE		87,287	0	0
BLACKHAWK NETWORK HOLDINGS INC	COM	09238E104	3,424	135,540	SH		SOLE		135,540	0	0
HOME BANCORP INC	COM	43689E107	220	11,680	SH		SOLE		11,680	0	0
HOWARD BANCORP INC	COM	442496105	1,653	177,499	SH		SOLE		177,499	0	0
HERITAGE FINANCIAL GROUP INC	COM	42726X102	413	21,460	SH		SOLE		21,460	0	0
H&E EQUIPMENT SERVICES INC	COM	404030108	6,855	231,360	SH		SOLE		231,360	0	0
HERITAGE OAKS BANCORP	COM	42724R107	799	106,537	SH		SOLE		106,537	0	0
HOPFED BANCORP INC	COM	439734104	182	16,003	SH		SOLE		16,003	0	0
HOME FEDERAL BANCORP	COM	43708L108	330	18,520	SH		SOLE		18,520	0	0
HERITAGE FINL CORP WASH	COM	42722X106	254	14,850	SH		SOLE		14,850	0	0
HINGHAM INSTN SVGS MASS	COM	433323102	244	3,108	SH		SOLE		3,108	0	0
HEALTH INSURANCE INOVATIONS	COM	42225K106	1,152	113,982	SH		SOLE		113,982	0	0
HOME BANCSHARES INC	COM	436893200	1,888	50,540	SH		SOLE		50,540	0	0
HERSHA HOSPITALITY TR PRIORITY A SHS	COM	427825104	247	44,350	SH		SOLE		44,350	0	0
HILLTOP HOLDINGS INC	COM	432748101	243	10,520	SH		SOLE		10,520	0	0
INDEPENENT BANK CORP	COM	453838609	600	50,000	SH		SOLE		50,000	0	0
INDEPENDENT BANK GROUP INC	COM	45384B106	2,632	53,000	SH		SOLE		53,000	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	5,553	81,326	SH		SOLE		81,326	0	0
IMPERVA INC	COM	45321L100	9,354	194,340	SH		SOLE		194,340	0	0
FIRST INTERNET BANCORP	COM	320557101	2,020	89,791	SH		SOLE		89,791	0	0
INDEPENDENT BK CORP MASS	COM	453836108	597	15,250	SH		SOLE		15,250	0	0
INSYS THERAPEUTICS INC	COM	45824V209	2,955	76,341	SH		SOLE		76,341	0	0
IPG PHOTONICS CORP	COM	44980X109	6,934	89,350	SH		SOLE		89,350	0	0
INPHI CORP	COM	45772F107	3,748	290,526	SH		SOLE		290,526	0	0
INVESTORS BANCORP INC	COM	46146P102	876	34,233	SH		SOLE		34,233	0	0
ISIS PHARMACEUTICALS INC	COM	464330109	7,171	179,988	SH		SOLE		179,988	0	0
JACK IN THE BOX INC	COM	466367109	7,138	142,701	SH		SOLE		142,701	0	0
JIVE SOFTWARE INC	COM	47760A108	1,254	111,432	SH		SOLE		111,432	0	0
KINGSTONE INC	COM	496719105	364	50,000	SH		SOLE		50,000	0	0
LITHIA MOTORS-A	COM	536797103	5,283	76,103	SH		SOLE		76,103	0	0
LDR HOLDING CORP	COM	50185U105	2,065	87,489	SH		SOLE		87,489	0	0
LAKELAND FINL CORP	COM	511656100	1,075	27,563	SH		SOLE		27,563	0	0
LUMBER LIQUIDATORS HOLDINGS INC	COM	55003T107	6,982	67,860	SH		SOLE		67,860	0	0
LIPOSCIENCE INC	COM	53630M108	941	221,324	SH		SOLE		221,324	0	0
METHODE ELECTRONICS INC	COM	591520200	4,740	138,631	SH		SOLE		138,631	0	0
MACKINAC FINANCIAL CORP	COM	554571109	361	36,429	SH		SOLE		36,429	0	0
MULTIMEDIA GAMES INC	COM	625453105	11,193	356,929	SH		SOLE		356,929	0	0
MACROGENICS INC	COM	556099109	3,910	142,546	SH		SOLE		142,546	0	0
MAGNUM HUNTER RES CORP DEL	COM	55973B102	11,335	1,550,578	SH		SOLE		1,550,578	0	0
MIDDLEBY CORP	COM	596278101	11,976	49,956	SH		SOLE		49,956	0	0
MARCUS & MILLICHAP INC	COM	566324109	270	18,140	SH		SOLE		18,140	0	0
MICROSEMI CORP	COM	595137100	4,072	163,226	SH		SOLE		163,226	0	0
MERITAGE CORP	COM	59001A102	5,268	109,781	SH		SOLE		109,781	0	0
MWI VETERINARY SUPPLY INC	COM	55402X105	23,312	137,155	SH		SOLE		137,155	0	0
FIRST NBC BANK HOLDING CO	COM	32115D106	11,159	345,484	SH		SOLE		345,484	0	0
NORTHEAST BANCORP	COM	663904209	500	52,180	SH		SOLE		52,180	0	0
NEONODE INC	COM	64051M402	2,791	441,552	SH		SOLE		441,552	0	0
NPS PHARMACEUTICALS INC	COM	62936P103	9,496	312,788	SH		SOLE		312,788	0	0
NANOSTRING TECHNOLOGIES INC	COM	63009R109	4,254	246,740	SH		SOLE		246,740	0	0
OFG BANCORP	COM	67103X102	1,275	73,550	SH		SOLE		73,550	0	0
OLD LINE BANCSHARES INC	COM	67984M100	1,069	73,738	SH		SOLE		73,738	0	0
OMNICELL INC	COM	68213N109	5,554	217,550	SH		SOLE		217,550	0	0
BANK OF THE OZARKS INC	COM	063904106	17,343	306,474	SH		SOLE		306,474	0	0
PACWEST BANCORP DEL	COM	695263103	2,925	69,290	SH		SOLE		69,290	0	0
PENSKE AUTO GROUP	COM	70959W103	6,378	135,247	SH		SOLE		135,247	0	0
PROSPERITY BANCSHARES INC	COM	743606105	766	12,080	SH		SOLE		12,080	0	0
PDF SOLUTIONS INC	COM	693282105	4,884	190,636	SH		SOLE		190,636	0	0
PEOPLES BANCORP INC OHIO	COM	709789101	360	16,002	SH		SOLE		16,002	0	0
PEOPLES FINANCIAL CORP	COM	71103B102	436	33,413	SH		SOLE		33,413	0	0
PROOFPOINT INC	COM	743424103	12,238	368,937	SH		SOLE		368,937	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	790	24,300	SH		SOLE		24,300	0	0
POLYONE CORPORATION	COM	73179P106	8,540	241,597	SH		SOLE		241,597	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	5,519	350,624	SH		SOLE		350,624	0	0
PRIMORIS SERVICES CORP	COM	74164F103	1,577	50,650	SH		SOLE		50,650	0	0
PROTO LABS INC	COM	743713109	2,785	39,130	SH		SOLE		39,130	0	0
PORTOLA PHARMACEUTICALS INC	COM	737010108	3,758	145,950	SH		SOLE		145,950	0	0
QCR HOLDINGS INC	COM	74727A104	618	36,260	SH		SOLE		36,260	0	0
QLIK TECHNOLOGIES INC	COM	74733T105	7,552	283,598	SH		SOLE		283,598	0	0
RALLY SOFTWARE DEVELOPMENT CO	COM	751198102	6,262	321,930	SH		SOLE		321,930	0	0
REX ENERGY CORPORATION	COM	761565100	6,988	354,543	SH		SOLE		354,543	0	0
RESTORATION HARDWARE HLDGS	COM	761283100	2,089	31,045	SH		SOLE		31,045	0	0
RENASANT CORP	COM	75970E107	405	12,860	SH		SOLE		12,860	0	0
RED ROBIN GOURMET BURGERS INC	COM	75689M101	8,002	108,814	SH		SOLE		108,814	0	0
ROADRUNNER TRNSN SVCS HLDG	COM	76973Q105	9,779	362,871	SH		SOLE		362,871	0	0
SABA SOFTWARE	COM	784932600	5,515	450,241	SH		SOLE		450,241	0	0
SILVERCREST ASSET MANAGEMENT	COM	828359109	853	50,000	SH		SOLE		50,000	0	0
SPIRIT AIRLS INC	COM	848577102	17,595	387,480	SH		SOLE		387,480	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	2,212	20,590	SH		SOLE		20,590	0	0
SURGICAL CARE AFFILIATES INC	COM	86881L106	3,718	106,710	SH		SOLE		106,710	0	0
FIRST FINANCIAL HOLDINGS, INC.	COM	32023E105	1,817	27,322	SH		SOLE		27,322	0	0
SELECT COMFORT CORPORATION	COM	81616X103	1,761	83,520	SH		SOLE		83,520	0	0
SHORE BANCSHARES INC	COM	825107105	775	84,050	SH		SOLE		84,050	0	0
SVB FINL GROUP	COM	78486Q101	14,904	142,137	SH		SOLE		142,137	0	0
US SILICA HOLDINGS INC	COM	90346E103	4,955	145,260	SH		SOLE		145,260	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	1,610	65,680	SH		SOLE		65,680	0	0
SOUTHERN NATL BANCORP OF VA	COM	843395104	206	20,598	SH		SOLE		20,598	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	4,025	197,574	SH		SOLE		197,574	0	0
Sterling Bancorp	COM	85917A100	932	69,740	SH		SOLE		69,740	0	0
TRANSACT TECHNOLOGIES INC	COM	892918103	791	63,167	SH		SOLE		63,167	0	0
TERRITORIAL BANCORP INC	COM	88145X108	205	8,830	SH		SOLE		8,830	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	710	11,410	SH		SOLE		11,410	0	0
THORATEC LABS CORP	COM	885175307	3,690	100,830	SH		SOLE		100,830	0	0
TILLY`S INC-CLASS A SHRS	COM	886885102	1,938	169,299	SH		SOLE		169,299	0	0
TAYLOR MORRISON HOME CORP	COM	87724P106	3,527	157,125	SH		SOLE		157,125	0	0
TANDEM DIABETES CARE INC	COM	875372104	803	31,156	SH		SOLE		31,156	0	0
TREE INC	COM	894675107	890	27,087	SH		SOLE		27,087	0	0
TREX INC	COM	89531P105	20,582	258,791	SH		SOLE		258,791	0	0
TRISTATE CAPITAL HOLDINGS	COM	89678F100	323	27,242	SH		SOLE		27,242	0	0
TECHE HLDG CO	COM	878330109	390	7,809	SH		SOLE		7,809	0	0
TILE SHOP HLDGS INC	COM	88677Q109	9,797	542,192	SH		SOLE		542,192	0	0
URSTADT BIDDLE PPTYS INC CL A	COM	917286205	409	22,180	SH		SOLE		22,180	0	0
UNITED COMMUNITY FINANCIA	COM	909839102	446	124,973	SH		SOLE		124,973	0	0
UNITED INS HLDGS CORP	COM	910710102	1,382	98,165	SH		SOLE		98,165	0	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	8,219	53,642	SH		SOLE		53,642	0	0
UNI PIXEL INC	COM	904572203	481	48,012	SH		SOLE		48,012	0	0
USG CORP	COM	903293405	7,584	267,235	SH		SOLE		267,235	0	0
VANTAGESOUTH BANCSHARES	COM	92209W105	426	80,828	SH		SOLE		80,828	0	0
VERASTEM INC	COM	92337C104	3,617	317,262	SH		SOLE		317,262	0	0
WESCO AIRCRAFT HOLDINGS	COM	950814103	7,207	328,796	SH		SOLE		328,796	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	912	38,229	SH		SOLE		38,229	0	0
WASHINGTON BKG CO OAK HBR WA	COM	937303105	432	24,349	SH		SOLE		24,349	0	0
WESCO INTL INC	COM	95082P105	7,636	83,850	SH		SOLE		83,850	0	0
INTREXON CORP	COM	46122T102	3,549	149,132	SH		SOLE		149,132	0	0
IXIA	COM	45071R109	5,793	435,204	SH		SOLE		435,204	0	0