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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

EMERALD MUTUAL FUND ADVISERS TRUST

Quarter ended Q4 2023 · Filed October 27, 2023 · Accession 0001104659-23-111807

Total Value
$1.66B
Positions
236
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (236)

#IssuerTicker / CUSIPSharesValue% of Filing
1CARPENTER TECHNOLOGY CORPCRS564,965$38.0M2.29%
2CHART INDS INC16115Q308193,383$32.7M1.97%
3SUPER MICRO COMPUTER INCSMCI116,912$32.1M1.93%
4SIMPLY GOOD FOODS COSMPL889,840$30.7M1.85%
5CHURCHILL DOWNS INCCHDN262,060$30.4M1.84%
6TENABLE HOLDING88025T102636,191$28.5M1.72%
7TRINET GROUP INTNET240,411$28.0M1.69%
8FRESHPET INCFRPT414,871$27.3M1.65%
9ACADIA PHARMACEUTICALS INCACAD1,303,988$27.2M1.64%
10LIVANOVA PLCLIVN503,129$26.6M1.61%
11VARONIS SYSTEMS INCVRNS783,539$23.9M1.44%
12FTAI AVIATION LTDFTAIN671,648$23.9M1.44%
13NV5 GLOBAL INC62945V109244,686$23.5M1.42%
14BLUEPRINT MEDICINES CORP09627Y109464,321$23.3M1.41%
15IMMUNOGEN INC45253H1011,466,063$23.3M1.40%
16KRATOS DEFENSE AND SECURITY50077B2071,483,902$22.3M1.35%
17SHIFT4 PAYMENTS INC82452J109401,235$22.2M1.34%
18MERIT MED SYS INC589889104306,965$21.2M1.28%
19AEROVIRONMENT INCAVAV188,251$21.0M1.27%
20CACTUS INCWHD416,719$20.9M1.26%
21TRANSMEDICS GROUP INCTMDX356,747$19.5M1.18%
22AAR CORPORATIONAIR325,446$19.4M1.17%
23NEOGENOMICS INCNEO1,557,895$19.2M1.16%
24PALOMAR HOLDINGS INCPLMR374,946$19.0M1.15%
25MACOM TECHNOLOGY SOLUTIONS55405Y100231,148$18.9M1.14%
26INSMED INCINSM744,733$18.8M1.13%
27LANTHEUS HOLDINGS INCLNTH269,740$18.7M1.13%
28MONTROSE ENVIRONMENTAL GROUPMEG635,695$18.6M1.12%
29SKYWARD SPECIALTY INSURANCE830940102678,478$18.6M1.12%
30ATRICURE INCATRC411,400$18.0M1.09%
31BRP GROUP INC05589G102759,517$17.6M1.06%
32MOELIS & COMC380,711$17.2M1.04%
33PRIVIA HEALTH GROUP INCPRVA742,131$17.1M1.03%
34NORTHERN OIL AND GASNOG422,302$17.0M1.03%
35EXPONENT INCEXPO198,264$17.0M1.02%
36RAMBUS INCRMBS295,566$16.5M1.00%
37INTRA CELLULAR THERAPIES46116X101311,438$16.2M0.98%
38ALLEGHENY TECHNOLOGIES INCATI393,880$16.2M0.98%
39TREACE MEDICAL CONCEPTS INC89455T1091,193,939$15.7M0.94%
40CELSIUS HOLDINGS INCCELH88,697$15.2M0.92%
41HERC HOLDINGS INCHRI126,611$15.1M0.91%
42REPLIMUNE GROUP INCREPL874,210$15.0M0.90%
43PDF SOLUTIONS INCPDFS453,840$14.7M0.89%
44CHAMPIONX CORP15872M104412,068$14.7M0.89%
45HOULIHAN LOKEYHLI136,800$14.7M0.88%
46TETRA TECHNOLOGIES88162F1052,280,482$14.5M0.88%
47VALARIS LTDVAL-WT187,940$14.1M0.85%
48INDIE SEMICONDUCTOR INCINDI2,221,826$14.0M0.84%
49JACK IN THE BOX INCJACK202,603$14.0M0.84%
50FORMFACTOR INCFORM395,440$13.8M0.83%
51ULTRAGENYX PHARMACEUTICAL INCRARE387,323$13.8M0.83%
52COGENT COMMUNICATIONS HOLDINGSCCOI214,726$13.3M0.80%
53RAPID7 INCRPD289,627$13.3M0.80%
54CREDO TECHNOLOGY GROUP HOLDINGSCRDO869,266$13.3M0.80%
55BRIDGEBIO PHARMA INCBBIO500,254$13.2M0.80%
56SAVERS VALUE VILLAGE INC80517M109690,364$12.9M0.78%
57CHUY'S HOLDINGS INC171604101362,176$12.9M0.78%
58COLLEGIUM PHARMACEUTICAL INCCOLL559,480$12.5M0.75%
59AMYLYX PHARMACEUTICALS INCAMLX681,310$12.5M0.75%
60EVERI HOLDINGS INCEVEX-WT927,867$12.3M0.74%
61CYMABAY THERAPEUTICS INC23257D103809,738$12.1M0.73%
62SUN COUNTRY AIRLINES HOLDING866683105805,654$12.0M0.72%
63VISTEON CORPVC86,120$11.9M0.72%
64ICU MEDICAL INCICUI98,014$11.7M0.70%
65PACIFIC PREMIER BANCORP69478X105528,001$11.5M0.69%
66AMERESCO INCAMRC292,411$11.3M0.68%
67AGILYSYS INCAGYS170,215$11.3M0.68%
68MODEL N INC607525102444,605$10.9M0.65%
69NATIONAL VISION HOLDINGSEYE669,025$10.8M0.65%
70BJ'S RESTAURANT INCBJRI460,529$10.8M0.65%
71RADNET INCRDNT380,260$10.7M0.65%
72PORTILLOS INC73642K106689,034$10.6M0.64%
73WEATHERFORD INTERNATIONAL PUBLIC LIMITEDG48833118116,647$10.5M0.64%
74FIRST ADVANTAGE CORPFA761,768$10.5M0.63%
75DOCGO INCDCGO1,913,592$10.2M0.62%
76UTZ BRANDS INCUTZ752,119$10.1M0.61%
77HAEMONETICS CORPORATIONHAE109,636$9.8M0.59%
78MANNKIND CORPMNKD2,377,694$9.8M0.59%
79ARHAUS INCARHS1,035,212$9.6M0.58%
80RYMAN HOSPITALITY PROPERTIES78377T107114,492$9.5M0.58%
81NEXTRACKER INCNXT224,847$9.0M0.54%
82TERRENO REALTY CORP88146M101156,996$8.9M0.54%
83ZUORA INC98983V1061,070,920$8.8M0.53%
84TRINITY CAPITAL INCTRINZ633,025$8.8M0.53%
85ONTO INNOVATION INCONTO67,980$8.7M0.52%
86QUANTERIX CORPQTRX313,044$8.5M0.51%
87ANI PHARMACEUTICALS INCANIP145,276$8.4M0.51%
88MATADOR RESOURCES COMTDR134,659$8.0M0.48%
89FORWARD AIR CORP COMFWRD111,703$7.7M0.46%
90EXCELERATE ENERGY INCEE438,008$7.5M0.45%
91TIDEWATER INCTDGMW102,824$7.3M0.44%
92HARMONIC INCHLIT739,659$7.1M0.43%
93BABCOCK & WILCOX ENTERPRISESBW-PA1,682,382$7.1M0.43%
94IPG PHOTONICS CORPIPGP69,432$7.1M0.43%
95TRAVERE THERAPEUTICS INCTVTX764,603$6.8M0.41%
96CVRx INCCVRX430,844$6.5M0.39%
97PERFICIENT INC71375U101108,253$6.3M0.38%
98SEAWORLD ENTERTAINMENTPRKS134,946$6.2M0.38%
99AXOS FINANCIAL INCAX162,304$6.1M0.37%
100SOLENO THERAPEUTICS INCSLNO201,326$5.9M0.36%
101ORTHOFIX MEDICAL INCOFIX458,481$5.9M0.36%
102COHERENT CORPCOHR180,166$5.9M0.35%
103APPLIED DIGITAL CORPAPLD904,314$5.6M0.34%
104SKYWATER TECHNOLOGY INCSKYT869,817$5.2M0.32%
105RXO INCRXO261,032$5.2M0.31%
106CLEAR SECURE INCYOU235,769$4.5M0.27%
107POPULAR INCBPOPM67,096$4.2M0.26%
108NAPCO SECURITY630402105181,144$4.0M0.24%
109OLLIE'S BARGAIN OUTLET HOLDINGS68111610951,337$4.0M0.24%
110PLAYAGS INC72814N104607,412$4.0M0.24%
111MID PENN BANCORP INCMPB162,281$3.3M0.20%
112FINWISE BANCORPFINW344,137$3.0M0.18%
113KARUNA THERAPEUTICS INC48576A10016,445$2.8M0.17%
114PACWEST BANCORP DEL695263103328,146$2.6M0.16%
115WESTERN ALLIANCE BANCORPWAL-PA49,055$2.3M0.14%
116ZEVIA PBCZVIA1,011,625$2.2M0.14%
117FIRST FOUNDATION INC32026V104352,029$2.1M0.13%
118KINSALE CAPITAL GROUP INC49714P1084,612$1.9M0.12%
119COMMUNITY HERITAGE FINANCIAL INC20370L103115,742$1.8M0.11%
120FLYWIRE CORPFLYW56,115$1.8M0.11%
121ONESPAWORLD HOLDINGS LIMITEDOSW154,376$1.7M0.10%
122FABRINETFN10,312$1.7M0.10%
123IMPINJ INCPI29,991$1.7M0.10%
124METROPOLITAN BANK HOLDING CO59177410440,807$1.5M0.09%
125MICROSOFT CORPMSFT4,576$1.4M0.09%
126NORTHEAST BANCORP66405S10032,033$1.4M0.09%
127FIRST CITIZENS BANCSHARES INC CL A31946M103938$1.3M0.08%
128CONNECTONE BANCORP INCCNOBP72,301$1.3M0.08%
129TEXAS CAPITAL BANCSHARES INC88224Q10721,455$1.3M0.08%
130MECHANICS BANK RICHMOND CA58361410253$1.2M0.07%
131FIRST HORIZON NATL CORPFHN-PH110,671$1.2M0.07%
132APPLE INCAAPL7,042$1.2M0.07%
133BANC OF CALIFORNIA INCBANC-PF95,795$1.2M0.07%
134PINNACLE FINL PARTNERS INC72346Q10417,240$1.2M0.07%
135THE BANCORP INCTBBK33,233$1.1M0.07%
136ZIONS BANCORPORATION98970110732,452$1.1M0.07%
137COASTAL FINANCIAL CORP19046P20926,310$1.1M0.07%
138COMERICA INC20034010726,256$1.1M0.07%
139KEYCORP49326710893,343$1.0M0.06%
140I3 VERTICALS INCIIIV46,798$989,3100.06%
141CNB FINL CORP PA12612810750,680$917,8150.06%
142F N B CORP PA30252010183,340$899,2390.05%
143NVIDIA CORPORATIONNVDA2,052$892,5990.05%
144WINTRUST FINANCIAL CORP97650W10811,390$859,9450.05%
145KULICKE AND SOFFA INDUSTRIES50124210117,220$837,4090.05%
146CUSTOMERS BANCORP INCCUBB24,098$830,1760.05%
147ESQUIRE FINANCIAL HOLDINGS29667J10117,640$805,9720.05%
148WEBSTER FINANCIAL CORPORATION94789010919,470$784,8360.05%
149LINKBANCORP INCLNKB112,091$771,1860.05%
150DIGITALBRIDGE GROUP INCDBRG-PJ43,855$770,9710.05%
151PATHWARD FINANCIAL INCCASH16,572$763,8030.05%
152CITIZENS FINANCIAL GROIPCIA28,341$759,5390.05%
153EBIX INC27871520676,597$756,7780.05%
154AMAZON.COM, INCAMZN5,903$750,3890.05%
155ALPHABET INC CLA AGOOG5,623$735,8260.04%
156AMERIS BANCORPABCB18,502$710,2920.04%
157DIME COMMUNITY BANCSHARES INC25432X10235,072$700,0370.04%
158INDEPENDENT BANK GROUP INCINDB16,946$670,2140.04%
159M&T BANK CORP55261F1045,279$667,5300.04%
160EAST WEST BANCORP INCEWBC12,617$665,0420.04%
161HOME BANCSHARES INCHOMB31,500$659,6100.04%
162NEW YORK COMMUNITY BANCORP64944510357,983$657,5270.04%
163BANK OZKOZKAP17,690$655,7680.04%
164CADENCE BANK12740C10330,260$642,1170.04%
165QCR HOLDINGS INCQCRH13,110$636,0970.04%
166VERITEX HOLDINGS INC92345110834,953$627,4060.04%
167COLUMBIA BANKING SYSTEM INC19723610230,416$617,4450.04%
168SHORE BANCSHARES INCSHBI58,688$617,3980.04%
169OCEANFIRST FINANCIAL CORP67523410841,665$602,8930.04%
170SUMMIT FINANCIAL GROUP INC86606G10125,937$584,6200.04%
171PROSPERITY BANCSHARES INCPB10,563$576,5290.03%
172CULLEN/FROST BANKERS INCCFR-PB6,301$574,7140.03%
173PRIMIS FINANCIAL CORPFRST68,143$555,3650.03%
174NATIONAL BANK HOLDING63370710418,534$551,5720.03%
175FIRST INTERNET BANCORPINBKZ33,746$547,0230.03%
1761ST MERCHANTSFRMEP19,350$538,3170.03%
177FIRST FINL BANCSHARES INC32020R10920,920$525,5100.03%
178MVB FINANCIAL CORP55381010222,300$503,5340.03%
179UNIVEST CORP PAUVSP28,927$502,7510.03%
180LIVE OAK BANCSHARES INCLOB-PA14,004$405,4160.02%
181META PLATFORMS INCMETA1,331$399,5800.02%
182VALLEY NATIONAL BANCORP91979410743,600$373,2160.02%
183FIVE STAR BANCORPFSBC18,040$361,8820.02%
184THIRD COAST BANCSHARES INCTCBX19,108$326,7470.02%
185BYLINE BANCORP INCBY16,270$320,6820.02%
186GXO LOGISTICS INCGXO5,285$309,9650.02%
187TESLA MOTORS, INCTSLA1,213$303,5170.02%
188TJX COS.8725401093,264$290,1040.02%
189SYNOVUS FINANCIAL CORP87161C50110,408$289,3420.02%
190CLEANSPARK INCCLSKW74,737$284,7480.02%
191WASHINGTON FEDERAL INCWAFDP11,022$282,3840.02%
192VISA INC-CLASS AV1,199$275,7820.02%
193RIOT BLOCKCHAIN INCRIOT27,305$254,7560.02%
194PURE STORAGE74624M1026,456$229,9630.01%
195UNITEDHEALTH GROUP INCUNH430$216,8020.01%
196CHENIERE ENERGY INCLNG1,213$201,3090.01%
197CADENCE DESIGN SYS INCCDNS857$200,7950.01%
198WILLSCOT MOBILE MINI HOLDINGWSC4,759$197,9270.01%
199MARATHON DIGITAL HOLDINGS INCMARA23,038$195,8230.01%
200UBER TECHNOLOGIES INCUBER4,095$188,3290.01%
201PALO ALTO NETWORKS, INCPANW803$188,2550.01%
202CROWDSTRIKE HOLDINGS INCCRWD1,113$186,2940.01%
203MP MATERIALS CORPMP9,636$184,0480.01%
204SEACOAST BANKING CORPORATION OF FLORIDASE7,460$163,8220.01%
205COSTCO WHOLESALE CORP22160K105276$155,9290.01%
206CONSTELLATION BRANDS INCSTZ614$154,3170.01%
207ATLANTIC UNION BANKSHARES CORP04911A1075,295$152,3900.01%
208EASTERN BANKSHARES INCEBC12,050$151,1070.01%
209TAKE TWO INTERACTIVE SOFTWARETTWO1,072$150,4980.01%
210FLUSHING FINL CORP34387310511,379$149,4060.01%
211AUTOZONE INCAZO58$147,3190.01%
212ABBOTT LABSABLZF1,474$142,7570.01%
213DARLING INGREDIENTS INCDAR2,698$140,8360.01%
214SOUTHSTATE CORPSSB1,820$122,5950.01%
215MONGODB INCMDB352$121,7430.01%
216REGIONS FINANCIAL CORP NEWRF-PF6,775$116,5300.01%
217REGENERAN PHARMREGN140$115,2140.01%
218FIFTH THIRD BANCORPFITBM4,530$114,7450.01%
219INTEGER HOLDINGS CORPITGR1,461$114,5860.01%
220CHARLES SCHWAB CORPSCHW-PJ2,046$112,3250.01%
221XPO LOGISTICSXPO1,485$110,8700.01%
222MATCH GROUP INCMTCH2,823$110,5910.01%
223HUNTINGTON BANCSHARES INCHBANP10,275$106,8600.01%
224LULULEMON ATHLETICA INCLULU263$101,4150.01%
225HELIX ENERGY SOLUTIONS GROUP INC42330P1077,764$86,7240.01%
226BIOMARIN PHARMACEUTICAL INCBMRN948$83,8790.01%
227ADOBE INCADBE159$81,0740.00%
228TRIUMPH FINANCIAL INCTFIN-P1,163$75,3510.00%
229PINTEREST INCPINS2,771$74,9000.00%
230EQT CORPEQT1,844$74,8300.00%
231HYATT HOTELS CORPORATIONH692$73,4070.00%
232ENPHASE ENERGY, INCENPH605$72,6910.00%
233MASTEC INCMTZ1,007$72,4740.00%
234CHIPOTLE MEXICAN GRILLCMG39$71,4410.00%
235HOME DEPOT INCHD225$67,9860.00%
236POWER REITPW-PA57,707$66,9400.00%