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
APPLIED OPTOELECTRONICS INC	COM	03823U102	5,551	323,462	SH		SOLE		323,462	0	0
ABAXIS INC	COM	002567105	5,082	91,270	SH		SOLE		91,270	0	0
ABC BANCORP	COM	03076K108	19,395	570,605	SH		SOLE		570,605	0	0
ATLANTIC CAPITAL BANCSHARES	COM	048269203	1,316	87,848	SH		SOLE		87,848	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	13,158	318,287	SH		SOLE		318,287	0	0
ATLANTIC COAST FINANCIAL CORP	COM	048426100	1,322	225,594	SH		SOLE		225,594	0	0
ACADIA HEALTHCAREPANY INC	COM	00404A109	26,519	424,570	SH		SOLE		424,570	0	0
ADAMAS PHARMACEUTICALS INC	COM	00548A106	12,792	451,683	SH		SOLE		451,683	0	0
ALLIANCE DATA SYS CORP	COM	018581108	225	815	SH		SOLE		815	0	0
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	16,194	1,044,795	SH		SOLE		1,044,795	0	0
AMERICAN FARMLAND CO	COM	02589Y100	3,141	446,120	SH		SOLE		446,120	0	0
ATLAS FINANCIAL HOLDINGS INC	COM	G06207115	5,410	271,855	SH		SOLE		271,855	0	0
AMTRUST FINANCIAL SERVICES	COM	032359309	4,592	74,570	SH		SOLE		74,570	0	0
ARGO GROUP INTL HLDGS LTD	COM	G0464B107	555	9,278	SH		SOLE		9,278	0	0
APPLIED GENETIC TECHNOLOGIES	COM	03820J100	4,190	205,401	SH		SOLE		205,401	0	0
AIMMUNE THERAPEUTICS INC	COM	00900T107	5,209	282,355	SH		SOLE		282,355	0	0
AKEBIA THERAPEUTICS INC	COM	00972D105	2,433	188,299	SH		SOLE		188,299	0	0
AKORN INC	COM	009728106	295	7,899	SH		SOLE		7,899	0	0
ALARM.COM HOLDINGS INC	COM	011642105	10,656	638,821	SH		SOLE		638,821	0	0
ALERUS FINANCIAL CORP	COM	01446U103	2,138	113,100	SH		SOLE		113,100	0	0
AMERICAN BUSINESS BK LA CALI	COM	02475L105	1,007	31,215	SH		SOLE		31,215	0	0
AFFILIATED MANAGERS GROUP INC	COM	008252108	228	1,429	SH		SOLE		1,429	0	0
APOGEE ENTERPRISES INC	COM	037598109	28,165	647,324	SH		SOLE		647,324	0	0
ARRIS GROUP INC	COM	04270V106	401	13,110	SH		SOLE		13,110	0	0
ATRICURE INC	COM	04963C209	17,964	800,554	SH		SOLE		800,554	0	0
AVENUE FINANCIAL HOLDINGS INC	COM	05358K102	2,457	170,950	SH		SOLE		170,950	0	0
BRIDGE BANCORP INC	COM	108035106	7,468	245,409	SH		SOLE		245,409	0	0
BANKUNITED INC	COM	06652K103	8,621	239,063	SH		SOLE		239,063	0	0
BLUEBIRD BIO INC	COM	09609G100	12,354	192,375	SH		SOLE		192,375	0	0
BRYN MAWR BK CORP	COM	117665109	711	24,757	SH		SOLE		24,757	0	0
BNC BANCORP	COM	05566T101	5,478	215,845	SH		SOLE		215,845	0	0
BOFI HLDG INC	COM	05566U108	30,772	1,461,836	SH		SOLE		1,461,836	0	0
BURLINGTON STORES INC	COM	122017106	16,501	384,642	SH		SOLE		384,642	0	0
META FINANCIAL GROUP, INC	COM	59100U108	5,548	120,788	SH		SOLE		120,788	0	0
CAVIUM INC	COM	14964U108	14,700	223,713	SH		SOLE		223,713	0	0
CEDAR SHOPPING CTRS INC	COM	150602209	462	65,324	SH		SOLE		65,324	0	0
CARDINAL FINL CORP	COM	14149F109	4,230	185,914	SH		SOLE		185,914	0	0
CHEGG INC	COM	163092109	13,737	2,041,219	SH		SOLE		2,041,219	0	0
CHUY`S HOLDINGS INC	COM	171604101	10,888	347,431	SH		SOLE		347,431	0	0
CIENA CORP	COM	171779309	15,358	742,304	SH		SOLE		742,304	0	0
CANTEL MEDICAL CORP	COM	138098108	16,699	268,725	SH		SOLE		268,725	0	0
CONIFER HOLDINGS INC	COM	20731J102	2,768	298,594	SH		SOLE		298,594	0	0
CONNECTONE BANCORP INC	COM	20786W107	14,857	794,938	SH		SOLE		794,938	0	0
COMMUNITYONE BANCORP	COM	20416Q108	428	31,763	SH		SOLE		31,763	0	0
COBIZ INC	COM	190897108	2,937	218,836	SH		SOLE		218,836	0	0
CYRUSONE INC	COM	23283R100	559	14,915	SH		SOLE		14,915	0	0
CORIUM INTERNATIONAL INC	COM	21887L107	746	91,873	SH		SOLE		91,873	0	0
CEPHEID	COM	15670R107	15,067	412,452	SH		SOLE		412,452	0	0
CALIFORNIA REP BANCORP	COM	13056P100	8,962	303,793	SH		SOLE		303,793	0	0
CENTERSTATE BANKS INC	COM	15201P109	4,453	284,523	SH		SOLE		284,523	0	0
CORNERSTONE ONDEMAND INC	COM	21925Y103	12,715	368,234	SH		SOLE		368,234	0	0
CARRIAGE SVCS INC	COM	143905107	544	22,574	SH		SOLE		22,574	0	0
CUSTOMERS BANCORP INC	COM	23204G100	13,460	494,496	SH		SOLE		494,496	0	0
CU BANCORP CALIF	COM	126534106	4,523	178,354	SH		SOLE		178,354	0	0
CORINDUS VASCULAR ROBOTICS INC	COM	218730109	491	153,100	SH		SOLE		153,100	0	0
DUCOMMUN INCORPORATED	COM	264147109	210	12,932	SH		SOLE		12,932	0	0
DOLLAR GENERAL	COM	256677105	316	4,394	SH		SOLE		4,394	0	0
DIAMOND RESORTS INTERNATIONAL	COM	25272T104	1,373	53,830	SH		SOLE		53,830	0	0
MERIDIAN BANCORP INC	COM	58958U103	647	45,870	SH		SOLE		45,870	0	0
CHANNELADVISOR CORP	COM	159179100	7,435	536,814	SH		SOLE		536,814	0	0
EDUCATION REALTY TRUST INC	COM	28140H203	11,083	292,580	SH		SOLE		292,580	0	0
EAGLE BANCORP INC MD	COM	268948106	8,763	173,633	SH		SOLE		173,633	0	0
8X8 INC NEW	COM	282914100	22,419	1,958,011	SH		SOLE		1,958,011	0	0
EMPLOYERS HOLDINGS INC	COM	292218104	459	16,810	SH		SOLE		16,810	0	0
EMCOR GROUP INC	COM	29084Q100	398	8,275	SH		SOLE		8,275	0	0
ENERSYS	COM	29275Y102	266	4,763	SH		SOLE		4,763	0	0
EPAM SYSTEMS INC	COM	29414B104	30,073	382,513	SH		SOLE		382,513	0	0
EQUITY BANCSHARES INC	COM	29460X109	5,315	227,252	SH		SOLE		227,252	0	0
EVERYDAY HEALTH INC	COM	300415106	2,891	480,240	SH		SOLE		480,240	0	0
EVERI HOLDINGS INC	COM	30034T103	471	107,312	SH		SOLE		107,312	0	0
FARO TECHNOLOGIES INC	COM	311642102	3,360	113,822	SH		SOLE		113,822	0	0
FIRST BUS FINL SVCS INC WIS	COM	319390100	2,996	119,800	SH		SOLE		119,800	0	0
FCB FINANCIAL HOLDINGS INC	COM	30255G103	24,739	691,218	SH		SOLE		691,218	0	0
FIRST CHOICE BANK	COM	319461109	4,400	275,000	SH		SOLE		275,000	0	0
FREEDOM BANK OF VIRGINIA	COM	35633M102	2,045	246,394	SH		SOLE		246,394	0	0
1ST FIN BANCORP	COM	320209109	266	14,714	SH		SOLE		14,714	0	0
FLUSHING FINL CORP	COM	343873105	2,172	100,386	SH		SOLE		100,386	0	0
FIRST FOUNDATION INC	COM	32026V104	4,964	210,436	SH		SOLE		210,436	0	0
FITBIT INC	COM	33812L102	240	8,099	SH		SOLE		8,099	0	0
FIVE BELOW	COM	33829M101	16,409	511,187	SH		SOLE		511,187	0	0
FIRST LONG IS CORP	COM	320734106	2,574	85,800	SH		SOLE		85,800	0	0
FARMERS NATL BANC CORP	COM	309627107	747	86,853	SH		SOLE		86,853	0	0
FIRST NBC BANK HOLDING CO	COM	32115D106	20,332	543,794	SH		SOLE		543,794	0	0
FEDERATED NATIONAL HOLDING COMPANY	COM	31422T101	1,182	40,000	SH		SOLE		40,000	0	0
AMICUS THERAPEUTICS INC	COM	03152W109	19,066	1,965,578	SH		SOLE		1,965,578	0	0
FARMLAND PARTNERS INC	COM	31154R109	931	84,827	SH		SOLE		84,827	0	0
1ST MERCHANTS	COM	320817109	461	18,154	SH		SOLE		18,154	0	0
FIRST RESOURCE BANK	COM	336177100	825	119,500	SH		SOLE		119,500	0	0
FRANKLIN FINANCIAL NETWORK	COM	35352P104	4,584	146,082	SH		SOLE		146,082	0	0
FVCBankcorp Inc	COM	36120Q101	329	19,096	SH		SOLE		19,096	0	0
GUARANTY BANCORP DEL	COM	40075T607	372	22,506	SH		SOLE		22,506	0	0
GREENHILL AND CO	COM	395259104	413	14,430	SH		SOLE		14,430	0	0
GIGAMON INC	COM	37518B102	15,984	601,571	SH		SOLE		601,571	0	0
GLU MOBILE INC	COM	379890106	2,210	909,643	SH		SOLE		909,643	0	0
GENERAC HOLDINGS INC	COM	368736104	306	10,269	SH		SOLE		10,269	0	0
GSV CAP CORP	COM	36191J101	1,551	165,539	SH		SOLE		165,539	0	0
GRAY TELEVISION INC	COM	389375106	460	28,192	SH		SOLE		28,192	0	0
GTT COMMUNICATIONS INC	COM	362393100	13,359	783,041	SH		SOLE		783,041	0	0
GREAT WESTERN BANCORP INC	COM	391416104	7,273	250,634	SH		SOLE		250,634	0	0
GUIDEWIRE SOFTWARE INC	COM	40171V100	17,069	283,721	SH		SOLE		283,721	0	0
GREAT PLAINS ENERGY INC	COM	391164100	287	10,497	SH		SOLE		10,497	0	0
HARMAN INTERNATIONAL	COM	413086109	206	2,191	SH		SOLE		2,191	0	0
HOME BANCORP INC	COM	43689E107	303	11,680	SH		SOLE		11,680	0	0
HOWARD BANCORP INC	COM	442496105	3,475	262,499	SH		SOLE		262,499	0	0
HOPFED BANCORP INC	COM	439734104	192	16,003	SH		SOLE		16,003	0	0
HOME FEDERAL BANCORP	COM	43708L108	407	18,520	SH		SOLE		18,520	0	0
HERITAGE FINL CORP WASH	COM	42722X106	1,948	103,401	SH		SOLE		103,401	0	0
HEMISPHERE MEDIA GROUP INC	COM	42365Q103	1,254	85,000	SH		SOLE		85,000	0	0
HOME BANCSHARES INC	COM	436893200	9,315	229,896	SH		SOLE		229,896	0	0
HEARTLAND FINANCIAL USA INC	COM	42234Q102	2,674	85,252	SH		SOLE		85,252	0	0
HEADWATERS INC	COM	42210P102	8,742	518,218	SH		SOLE		518,218	0	0
MARINEMAX INC	COM	567908108	11,591	629,282	SH		SOLE		629,282	0	0
INDEPENENT BANK CORP	COM	453838609	762	50,000	SH		SOLE		50,000	0	0
IBERIABANK CORP	COM	450828108	655	11,890	SH		SOLE		11,890	0	0
INSTALLED BUILDING PRODUCTS	COM	45780R101	14,344	577,705	SH		SOLE		577,705	0	0
INDEPENDENT BANK GROUP INC	COM	45384B106	1,420	44,370	SH		SOLE		44,370	0	0
COUNTY BANCORP INC	COM	221907108	300	15,000	SH		SOLE		15,000	0	0
INTERCEPT PHARMACEUTICAL	COM	45845P108	3,943	26,400	SH		SOLE		26,400	0	0
INTERVAL LEISURE GROUP	COM	46113M108	317	20,300	SH		SOLE		20,300	0	0
IMAX CORP	COM	45245E109	252	7,102	SH		SOLE		7,102	0	0
IMPRIVATA INC	COM	45323J103	6,757	597,927	SH		SOLE		597,927	0	0
IMPERVA INC	COM	45321L100	23,444	370,305	SH		SOLE		370,305	0	0
INDEPENDENT BK CORP MASS	COM	453836108	709	15,250	SH		SOLE		15,250	0	0
INOVALON HOLDIN	COM	45781D101	1,346	79,200	SH		SOLE		79,200	0	0
INSMED INC	COM	457669307	11,486	632,843	SH		SOLE		632,843	0	0
IPG PHOTONICS CORP	COM	44980X109	13,319	149,388	SH		SOLE		149,388	0	0
INPHI CORP	COM	45772F107	7,377	273,018	SH		SOLE		273,018	0	0
IMPAX LABORATORIES INC	COM	45256B101	11,897	278,217	SH		SOLE		278,217	0	0
INDEPENDENCE REALTY TRUST INC	COM	45378A106	697	92,800	SH		SOLE		92,800	0	0
INVESTORS BANCORP INC	COM	46146L101	837	67,294	SH		SOLE		67,294	0	0
INVESTAR HOLDIN	COM	46134L105	1,896	107,712	SH		SOLE		107,712	0	0
JACK IN THE BOX INC	COM	466367109	24,419	318,329	SH		SOLE		318,329	0	0
JOHN MARSHALL BANK	COM	47804G103	907	54,120	SH		SOLE		54,120	0	0
JAMES RIVER GROUP HOLDINGS	COM	G5005R107	1,677	50,000	SH		SOLE		50,000	0	0
KFORCE INC	COM	493732101	15,220	602,039	SH		SOLE		602,039	0	0
KORN FERRY INTERNATIONAL	COM	500643200	21,319	642,532	SH		SOLE		642,532	0	0
KNOLL INC	COM	498904200	6,913	367,732	SH		SOLE		367,732	0	0
KONA GRILL INC	COM	50047H201	3,146	198,347	SH		SOLE		198,347	0	0
K2M GROUP HOLDINGS INC	COM	48273J107	17,091	865,821	SH		SOLE		865,821	0	0
LAZARD LTD-CL A	COM	G54050102	224	4,973	SH		SOLE		4,973	0	0
PRESBIA PLC	COM	G7234P100	487	92,592	SH		SOLE		92,592	0	0
LIVE OAK BANCSHARES INC	COM	53803X105	12,248	862,509	SH		SOLE		862,509	0	0
LEGACYTEXAS FINANCIAL GROUP	COM	52471Y106	3,358	134,226	SH		SOLE		134,226	0	0
SOUTHWEST AIR	COM	844741108	379	8,803	SH		SOLE		8,803	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	217	2,391	SH		SOLE		2,391	0	0
MATTHEWS INTL CORP CL A	COM	577128101	14,811	277,106	SH		SOLE		277,106	0	0
MALIBU BOATS INC-CLASS A	COM	56117J100	6,111	373,318	SH		SOLE		373,318	0	0
MERCANTILE BANK CORP	COM	587376104	2,157	87,881	SH		SOLE		87,881	0	0
MILACRON HOLDINGS CORP	COM	59870L106	2,174	173,810	SH		SOLE		173,810	0	0
THE MARCUS CORP	COM	566330106	5,253	276,918	SH		SOLE		276,918	0	0
MDC PARTNERS INC-A	COM	552697104	265	12,215	SH		SOLE		12,215	0	0
MERCER INTERNATIONAL INC	COM	588056101	333	36,839	SH		SOLE		36,839	0	0
MACKINAC FINANCIAL CORP	COM	554571109	419	36,429	SH		SOLE		36,429	0	0
MACROGENICS INC	COM	556099109	14,908	481,382	SH		SOLE		481,382	0	0
MCGRAW HILL FINANCIAL INC	COM	580645109	244	2,472	SH		SOLE		2,472	0	0
MIDDLEBY CORP	COM	596278101	248	2,299	SH		SOLE		2,299	0	0
MALVERN BANCORP INC	COM	561409103	4,548	259,003	SH		SOLE		259,003	0	0
MARCUS & MILLICHAP INC	COM	566324109	9,166	314,548	SH		SOLE		314,548	0	0
MAINSTREET BANK	COM	56064A102	1,744	141,177	SH		SOLE		141,177	0	0
MONSTER BEVERAGE CORPORATION	COM	61174X109	264	1,775	SH		SOLE		1,775	0	0
MODEL N INC	COM	607525102	6,716	601,765	SH		SOLE		601,765	0	0
MIDWESTONE FINANCIAL GROUP INC	COM	598511103	4,492	147,723	SH		SOLE		147,723	0	0
MARLIN BUSINESS SERVICES INC	COM	571157106	3,560	221,689	SH		SOLE		221,689	0	0
MICROSEMI CORP	COM	595137100	19,085	585,614	SH		SOLE		585,614	0	0
MAINSOURCE FINANCIAL GROUP	COM	56062Y102	1,016	44,420	SH		SOLE		44,420	0	0
MICROSTRATEGY INC	COM	594972408	31,647	176,515	SH		SOLE		176,515	0	0
MATCH GROUP INC	COM	57665R106	3,182	234,850	SH		SOLE		234,850	0	0
MA-COM TECHNOLOGY SOLUTIONS	COM	55405Y100	9,819	240,140	SH		SOLE		240,140	0	0
MASTEC INC	COM	576323109	264	15,177	SH		SOLE		15,177	0	0
NEUROCRINE BIOSCIENCES, INC	COM	64125C109	16,753	296,138	SH		SOLE		296,138	0	0
NATIONAL COMMERCE CORP	COM	63546L102	8,386	334,764	SH		SOLE		334,764	0	0
NEOS THERAPEUTICS INC	COM	64052L106	5,901	412,058	SH		SOLE		412,058	0	0
NICE SYSTEMS LTD ADR	COM	653656108	255	4,447	SH		SOLE		4,447	0	0
NEXSTAR BROADCASTING GROUP ICL A	COM	65336K103	4,534	77,240	SH		SOLE		77,240	0	0
OASIS PETE INC NEW	COM	674215108	82	11,169	SH		SOLE		11,169	0	0
OCEANFIRST FINANCIAL CORP	COM	675234108	1,831	91,437	SH		SOLE		91,437	0	0
CORP OFFICE PRO	COM	22002T108	389	17,808	SH		SOLE		17,808	0	0
OLD LINE BANCSHARES INC	COM	67984M100	1,535	87,388	SH		SOLE		87,388	0	0
OLLIE`S BARGAIN OUTLET HOLDINGS	COM	681116109	5,852	344,007	SH		SOLE		344,007	0	0
ON SEMICONDUCTOR CORPORATION	COM	682189105	110	11,261	SH		SOLE		11,261	0	0
SPARK THERAPEUTICS INC	COM	84652J103	4,108	90,660	SH		SOLE		90,660	0	0
OPUS BANK	COM	684000102	25,220	682,178	SH		SOLE		682,178	0	0
BANK OF THE OZARKS INC	COM	063904106	46,255	935,199	SH		SOLE		935,199	0	0
PACWEST BANCORP DEL	COM	695263103	9,281	215,345	SH		SOLE		215,345	0	0
PALO ALTO NETWORKS, INC	COM	697435105	232	1,318	SH		SOLE		1,318	0	0
PEOPLES BANCORP INC OHIO	COM	709789101	1,198	63,580	SH		SOLE		63,580	0	0
PENN NATL GAMING INC	COM	707569109	9,099	567,986	SH		SOLE		567,986	0	0
PROOFPOINT INC	COM	743424103	20,522	315,677	SH		SOLE		315,677	0	0
PROVIDENT FINL SVCS INC	COM	74386T105	415	20,591	SH		SOLE		20,591	0	0
PGT, INC.	COM	69336V101	8,800	772,639	SH		SOLE		772,639	0	0
DAVE & BUSTER`S ENTERTAINMENT INC.	COM	238337109	20,505	491,258	SH		SOLE		491,258	0	0
PLANET FITNESS INC	COM	72703H101	8,134	520,438	SH		SOLE		520,438	0	0
PACIFIC MERCANTILE BANCORP	COM	694552100	431	60,410	SH		SOLE		60,410	0	0
PINNACLE FINL PARTNERS INC	COM	72346Q104	14,897	290,043	SH		SOLE		290,043	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	12,487	587,641	SH		SOLE		587,641	0	0
PERFICIENT INC	COM	71375U101	362	21,117	SH		SOLE		21,117	0	0
PARTY CITY HOLDCO INC	COM	702149105	233	18,023	SH		SOLE		18,023	0	0
PAREXEL INTL CORP	COM	699462107	2,464	36,170	SH		SOLE		36,170	0	0
PTC THERAPEUTICS INC	COM	69366J200	3,651	112,678	SH		SOLE		112,678	0	0
PORTOLA PHARMACEUTICALS INC	COM	737010108	10,444	202,994	SH		SOLE		202,994	0	0
PRIVATEBANCORP INC	COM	742962103	33,260	810,821	SH		SOLE		810,821	0	0
PIXELWORKS INC	COM	72581M305	504	211,609	SH		SOLE		211,609	0	0
QCR HOLDINGS INC	COM	74727A104	729	30,000	SH		SOLE		30,000	0	0
QLIK TECHNOLOGIES INC	COM	74733T105	21,725	686,185	SH		SOLE		686,185	0	0
REGAL BELOIT CORPORATION	COM	758750103	212	3,617	SH		SOLE		3,617	0	0
ROYAL BANCSHARES OF PENNSYLVANIA INC	COM	780081105	1,006	481,505	SH		SOLE		481,505	0	0
REIS INC	COM	75936P105	5,245	221,026	SH		SOLE		221,026	0	0
Real Industry Inc.	COM	75601W104	289	35,961	SH		SOLE		35,961	0	0
RENTRAK CORP	COM	760174102	17,424	366,586	SH		SOLE		366,586	0	0
REX ENERGY CORPORATION	COM	761565100	322	306,223	SH		SOLE		306,223	0	0
RELYPSA INC	COM	759531106	13,783	486,359	SH		SOLE		486,359	0	0
RENASANT CORP	COM	75970E107	4,463	129,715	SH		SOLE		129,715	0	0
RAMCO-GERSHENSON PROPERTI	COM	751452202	401	24,124	SH		SOLE		24,124	0	0
RED ROBIN GOURMET BURGERS INC	COM	75689M101	19,833	321,236	SH		SOLE		321,236	0	0
RUDOLPH TECHNOLOGIES INC	COM	781270103	265	18,606	SH		SOLE		18,606	0	0
DIVERSIFIED RSTRNT HLDGS INC	COM	25532M105	1,007	447,542	SH		SOLE		447,542	0	0
SPIRIT AIRLS INC	COM	848577102	17,808	446,886	SH		SOLE		446,886	0	0
SBA COMMUNICATIONS CORP CL A	COM	78388J106	237	2,251	SH		SOLE		2,251	0	0
SUSSEX BANCORP	COM	869245100	404	30,890	SH		SOLE		30,890	0	0
SUNSHINE BANCORP INC	COM	86777J108	756	49,746	SH		SOLE		49,746	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	12,266	79,978	SH		SOLE		79,978	0	0
SEACOAST COMMERCE BANK	COM	81171B108	1,069	62,200	SH		SOLE		62,200	0	0
SERVISFIRST BANCSHARES INC	COM	81768T108	6,087	128,065	SH		SOLE		128,065	0	0
SIMMONS FIRST NATIONAL CORPORATION	COM	828730200	3,402	66,236	SH		SOLE		66,236	0	0
SOUTHERN FIRST BANCSHARES	COM	842873101	1,045	46,032	SH		SOLE		46,032	0	0
STONEGATE BANK	COM	861811107	4,266	129,815	SH		SOLE		129,815	0	0
MADDEN STEVEN LTD	COM	556269108	16,453	544,450	SH		SOLE		544,450	0	0
SIGMA DESIGNS INC	COM	826565103	5,040	797,472	SH		SOLE		797,472	0	0
SVB FINL GROUP	COM	78486Q101	12,444	104,662	SH		SOLE		104,662	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	10,836	442,098	SH		SOLE		442,098	0	0
SNAP-ON INC	COM	833034101	204	1,191	SH		SOLE		1,191	0	0
SUN BANCORP	COM	86663B201	820	39,735	SH		SOLE		39,735	0	0
SYNCHRONOSS TECHNOLOGIES INC	COM	87157B103	14,751	418,705	SH		SOLE		418,705	0	0
SOUTHERN NATL BANCORP OF VA	COM	843395104	269	20,598	SH		SOLE		20,598	0	0
SEQUENTIAL BRANDS GROUP INC	COM	81734P107	8,314	1,051,111	SH		SOLE		1,051,111	0	0
1ST SOURCE CORP	COM	336901103	3,087	100,000	SH		SOLE		100,000	0	0
STONERIDGE INC	COM	86183P102	438	29,578	SH		SOLE		29,578	0	0
SOUTH STATE CORP	COM	840441109	1,314	18,257	SH		SOLE		18,257	0	0
Sterling Bancorp	COM	85917A100	3,824	235,753	SH		SOLE		235,753	0	0
STEEL DYNAMICS INC	COM	858119100	184	10,313	SH		SOLE		10,313	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	234	3,048	SH		SOLE		3,048	0	0
SYNAPTICS INC	COM	87157D109	8,240	102,564	SH		SOLE		102,564	0	0
SYNERGY RESOURCES CORPORATION	COM	87164P103	9,028	1,059,653	SH		SOLE		1,059,653	0	0
THE BANCORP INC	COM	05969A105	1,150	180,502	SH		SOLE		180,502	0	0
TRIUMPH BANCORP	COM	89679E300	654	39,610	SH		SOLE		39,610	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	1,257	25,430	SH		SOLE		25,430	0	0
TELADOC INC	COM	87918A105	5,437	302,732	SH		SOLE		302,732	0	0
INTERFACE INC	COM	458665304	14,329	748,635	SH		SOLE		748,635	0	0
TALMAR BANCORP INC - CL A	COM	87482X101	878	48,499	SH		SOLE		48,499	0	0
TILLY`S INC-CLASS A SHRS	COM	886885102	4,428	667,900	SH		SOLE		667,900	0	0
TELENAV INC	COM	879455103	2,554	448,877	SH		SOLE		448,877	0	0
TENNANT CO	COM	880345103	11,270	200,320	SH		SOLE		200,320	0	0
TUTOR PERINI CORPORATION	COM	901109108	13,142	785,063	SH		SOLE		785,063	0	0
LENDINGTREE INC	COM	52603B107	28,956	324,332	SH		SOLE		324,332	0	0
TREX INC	COM	89531P105	24,356	640,276	SH		SOLE		640,276	0	0
TILE SHOP HLDGS INC	COM	88677Q109	10,707	652,873	SH		SOLE		652,873	0	0
UNITED COMMUNITY FINANCIA	COM	909839102	322	54,500	SH		SOLE		54,500	0	0
UNITED INS HLDGS CORP	COM	910710102	538	31,441	SH		SOLE		31,441	0	0
VIRGIN AMERICA INC	COM	92765X208	10,948	304,020	SH		SOLE		304,020	0	0
VEEVA SYSTEMS INC	COM	922475108	28,966	1,004,027	SH		SOLE		1,004,027	0	0
VONAGE HOLDINGS CORP	COM	92886T201	26,827	4,673,641	SH		SOLE		4,673,641	0	0
VIRTU FINANCIAL INC CLASS A	COM	928254101	18,682	825,171	SH		SOLE		825,171	0	0
VIAD CORP	COM	92552R406	349	12,380	SH		SOLE		12,380	0	0
WABTEC CORPORATION	COM	929740108	269	3,786	SH		SOLE		3,786	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	8,361	233,144	SH		SOLE		233,144	0	0
WEBSTER FINANCIAL CORPORATION	COM	947890109	1,278	34,360	SH		SOLE		34,360	0	0
WELLCARE HEALTH PLANS INC	COM	94946T106	26,822	342,950	SH		SOLE		342,950	0	0
WALKER & DUNLOP INC	COM	93148P102	18,208	632,006	SH		SOLE		632,006	0	0
WASHINGTONFIRST BANKSHARE	COM	940730104	4,249	187,675	SH		SOLE		187,675	0	0
WHIRLPOOL CORPORATION	COM	963320106	271	1,846	SH		SOLE		1,846	0	0
WILSHIRE BANCORP INC	COM	97186T108	236	20,424	SH		SOLE		20,424	0	0
WSFS FINANCIAL CORPORATION	COM	929328102	5,955	184,016	SH		SOLE		184,016	0	0
WEST CORP	COM	952355204	373	17,306	SH		SOLE		17,306	0	0
WEST TOWN BANK & TRUST	COM	956310106	2,284	106,242	SH		SOLE		106,242	0	0
XCERRA CORP	COM	98400J108	321	52,994	SH		SOLE		52,994	0	0
INTREXON CORP	COM	46122T102	9,389	311,406	SH		SOLE		311,406	0	0
YADKIN FINANCIAL CORP	COM	984305102	5,349	212,524	SH		SOLE		212,524	0	0
ZIOPHARM ONCOLOGY INC	COM	98973P101	4,900	589,607	SH		SOLE		589,607	0	0