Fund HoldingsEMERALD ADVISERS, LLC

Total Portfolio Value
$3.16B
Total Bought
$442.06M
Total Sold
$740.45M
Net Transaction
-$298.39M
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
PLEXUS CORP(PLXS)0166,532+166,532033,7291.07%+33,729
MODINE MANUFACTURING CO(MOD)0378,118+378,118081,9422.59%+81,942
PIPER SANDLER CO(PIPR)0360,578+360,578027,6020.87%+27,602
BLOOM ENERGY CO0541,787+541,787073,4072.32%+73,407
COHU INC(COHU)0780,099+780,099023,8870.76%+23,887
ARGAN INC98,07295,272-2,80030,72851,8901.64%+21,162
IPG PHOTONICS CORP(IPGP)204,050304,916+100,86614,61034,9401.11%+20,330
PALVELLA THERAPEUTICS INC(PVLA)0161,500+161,500020,1310.64%+20,131
ASTRONICS CORP242,727449,126+206,39913,16629,9700.95%+16,805
BOBS DISCOUNT FURNITURE(BOBS)01,345,050+1,345,050015,8040.50%+15,804
AAR CORPORATION419,470445,693+26,22334,72848,7861.54%+14,058
INTERDIGITAL INC PA COM(IDCC)0104,065+104,065031,4280.99%+31,428
APPLIED OPTOELECTRONICS INC(AAOI)670,577433,882-236,69523,37636,7021.16%+13,326
NLIGHT INC(LASR)781,877746,674-35,20329,32842,5751.35%+13,247
ESCO TECHNOLOGIES INC(ESE)166,679162,653-4,02632,56745,7661.45%+13,198
CYTOKENETICS INC(CYTK)0198,811+198,811013,1040.41%+13,104
KULICKE AND SOFFA INDUSTRIES(KLIC)539,114568,996+29,88224,56237,3941.18%+12,832
DIODES INCORPORATED(DIOD)0181,053+181,053012,3590.39%+12,359
NEKTAR THERAPEUTICS(NKTR)0394,604+394,604028,3920.90%+28,392
HINGE HEALTH INC(HNGE)0278,890+278,890010,7540.34%+10,754
CARDINAL INFRASTRUCTURE GROUP(CDNL)513,355578,600+65,24512,41322,9440.73%+10,531
SPYRE THERAPEUTICS(SYRE)636,109613,365-22,74420,83930,9380.98%+10,099
CORVUS PHARMACEUTICALS INC(CRVS)0686,216+686,216010,0390.32%+10,039
TTM TECHNOLOGIES INC(TTMI)915,128750,417-164,71163,14473,1062.31%+9,962
VSE CORPORATION(VSEC)279,543314,789+35,24648,29758,0471.84%+9,750
SEACOAST BANKING CORPORATION OF FLORIDA(SBCF)191,651504,363+312,7126,02215,2770.48%+9,255
AXCELIS TECHNOLOGIES INC096,238+96,23808,9580.28%+8,958
VERADERMICS INC(MANE)0132,536+132,53608,3700.26%+8,370
FLOWCO HOLDINGS INC(FLOC)0386,935+386,93507,9710.25%+7,971
MIRUM PHARMACEUTICALS INC(MIRM)367,134397,263+30,12929,00036,6991.16%+7,699
STERLING INFRASTRUCTURE INC(STRL)079,836+79,836032,5151.03%+32,515
RXO INC(RXO)0438,471+438,47106,4100.20%+6,410
FABRINET(FN)109,289107,493-1,79649,75756,0601.77%+6,303
METALLUS INC0376,134+376,13406,1460.19%+6,146
POWER INTEGRATIONS INC(POWI)0116,044+116,04405,9410.19%+5,941
ONCE UPON A FARM0346,089+346,08905,6590.18%+5,659
ONTO INNOVATION INC(ONTO)122,613118,423-4,19019,35624,2850.77%+4,929
COGENT BIOSCIENCES INC(COGT)1,583,3461,588,132+4,78656,24061,1271.93%+4,887
SOLARIS ENERGY INFRASTRUCTURE INC(SEI)626,692594,687-32,00528,80933,6061.06%+4,797
MERCURY SYSTEMS INC(MRCY)0595,314+595,314043,4041.37%+43,404
AMERICAN SEMICONDUCTOR CORP0757,404+757,404025,6380.81%+25,638
KALVISTA PHARMACEUTICALS INC1,340,4951,264,023-76,47221,64925,4450.81%+3,796
CECO ENVIRONMENTAL CORP(CECO)458,525523,017+64,49227,44331,1610.99%+3,719
BILLIONTOONE INC188,949239,562+50,61315,46418,9110.60%+3,447
RUSH STREET INTERACTIVE INC(RSI)1,606,0491,573,500-32,54931,20634,2241.08%+3,018
FIVE BELOW(FIVE)85,61183,351-2,26016,12619,0440.60%+2,918
FRESHPET INC(FRPT)417,400480,703+63,30325,43228,3420.90%+2,910
EXCELERATE ENERGY INC(EE)318,018315,665-2,3538,92010,5500.33%+1,629
PERELLA WEINBERG PARTNERS(PWP)01,019,869+1,019,869018,5210.59%+18,521
ONESPAWORLD HOLDINGS LIMITED
COM
0884,878+884,878020,3080.64%+20,308
PDF SOLUTIONS INC(PDFS)943,372860,819-82,55326,91428,1570.89%+1,243
BYRNA TECHNOLOGIES INC162,809432,626+269,8172,7343,9720.13%+1,238
COMPASS INC(COMP)1,739,5112,658,466+918,95518,38719,4330.61%+1,047
MASTEC INC(MTZ)08,527+8,52702,7430.09%+2,743
XPO LOGISTICS(XPO)3,5656,325+2,7604851,2310.04%+746
IMAX CORP853,822849,148-4,67431,55732,2761.02%+719
VERTIV HOLDINGS(VRT)07,216+7,21601,8080.06%+1,808
GBANK FINANCIAL HOLDINGS INC029,227+29,22707820.02%+782
SEMTECH CORP(SMTC)470,751457,018-13,73334,69035,1401.11%+450
CHENIERE ENERGY INC(LNG)07,309+7,30902,0740.07%+2,074
PINNACLE FINL PARTNERS INC(PNFP)04,497+4,49703870.01%+387
SLIDE INSURANCE HOLDINGS INC(SLDE)61,14585,885+24,7401,1911,5460.05%+355
TARGA RESOURCES CORP(TRGP)5,1735,17309541,2970.04%+343
MID PENN BANCORP INC(MPB)22,41932,275+9,8566951,0380.03%+343
CAVA GROUP INC(CAVA)07,893+7,89306390.02%+639
DATADOG INC(DDOG)010,151+10,15101,1980.04%+1,198
DARLING INGREDIENTS INC(DAR)04,197+4,19702600.01%+260
MONOLITHICPOWER SYSTEMS INC(MPWR)01,274+1,27401,3930.04%+1,393
BWX TECHNOLOGIES INC(BWXT)6,6676,66701,1521,3630.04%+211
VERISK ANALYTICS INC(VRSK)02,296+2,29604360.01%+436
BURLINGTON STORES INC(BURL)02,244+2,24407300.02%+730
CORCEPT THERAPEUTICS INC(CORT)0205,558+205,55808,2860.26%+8,286
CARIS LIFE SCIENCES INC(CAI)010,422+10,42201860.01%+186
INDIE SEMICONDUCTOR INC0167,080+167,08005380.02%+538
SERVICENOW INC(NOW)06,034+6,03406310.02%+631
ELI LILLY & CO(LLY)1,0211,356+3351,0971,2470.04%+150
ENOVA INTERNATI(ENVA)2,1493,507+1,3583384760.02%+139
UNITED THERAPEUTICS CORP DEL(UTHR)1,0691,06905216340.02%+113
MATADOR RESOURCES CO(MTDR)05,213+5,21303290.01%+329
DUTCH BROS INC(BROS)09,033+9,03304580.01%+458
TELEDYNE TECHNOLOGIES INC(TDY)01,121+1,12106780.02%+678
L3 HARRIS TECHNOLOGIES INC(LHX)02,042+2,04207050.02%+705
GENERAC HOLDINGS INC(GNRC)01,770+1,77003460.01%+346
COSTCO WHOLESALE CORP(COST)0731+73107280.02%+728
AMERICAN INTEGRITY INSURANCE GROUP039,127+39,12707540.02%+754
EVERPURE INC(P)09,794+9,79405780.02%+578
TECHNIPFMC PLC(FTI)07,842+7,84205420.02%+542
QUANTA SVCS INC0426+42602340.01%+234
EQT CORP(EQT)05,327+5,32703390.01%+339
TJX COS.(TJX)07,602+7,60201,2140.04%+1,214
INTEGER HOLDINGS CORP(ITGR)04,645+4,64504090.01%+409
BIOGEN IDEC INC(BIIB)6,0276,02701,0611,1050.03%+44
CLOUDFLARE INC(NET)04,196+4,19608660.03%+866
METROPOLITAN BANK HOLDING CO(MCB)0299+2990250.00%+25
SNOWFLAKE INC CLASS A(SNOW)0205+2050310.00%+31
CNB FINL CORP PA(CCNE)02,779+2,7790800.00%+80
NORWOOD FINANCIAL CORP04,500+4,50001320.00%+132
CITIZENS & NORTHERN CORP02,300+2,3000510.00%+51
NETFLIX INC(NFLX)09,720+9,72009350.03%+935
FULTON FINL CORP PA(FULT)04,198+4,1980850.00%+85
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